**Charity number: 1168234**
## **OLIVE PATHWAY**
**(A charitable company limited by guarantee)**
## **UNAUDITED**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 30 MARCH 2023**
## **OLIVE PATHWAY**
## **(A charitable company limited by guarantee)**
## **CONTENTS**
||Page|
|---|---|
|**Reference and administrative details of the Charity, its Trustees and advisers**|1|
|**Trustees' report**|2 - 7|
|**Independent examiner's report**|8|
|**Statement of financial activities**|9|
|**Balance sheet**|10 - 11|
|**Notes to the financial statements**|12 - 19|
## **OLIVE PATHWAY**
## **(A charitable company limited by guarantee)**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 MARCH 2023**
|**Trustees**|Maulbrey Mugani, Chair|
|---|---|
||Allishia Fungai Mahovo|
||Rachel Fundisi|
|**Company registered**
**number**
09266897
**Charity registered**
**number**
1168234
**Registered office**
Alderman Gatley House Office 10
1st Floor Hale Top
Manchester
M22 5RQ
**Accountants**
GIL Accountancy Services
177 Ballens Road
Chatham
Kent
ME5 8PG||
Page 1
## **OLIVE PATHWAY**
## **(A charitable company limited by guarantee)**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 30 MARCH 2023**
The Trustees present their annual report together with the financial statements of the OLIVE PATHWAY for the 31 March 2022 to 30 March 2023. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
## **Objectives and activities**
## **Policies and objectives**
The charity's main objectives are:
1. the relief of emotional distress and suffering and the preservation and protection of the mental, and physical health amongst ethic minorities families who have suffered or are exposed to domestic violence in particular (but not limited to) the provision of services, information and support.
2 the advancement of education of the public, in particular but not exclusively, by the provision of workshops on the fundamental effects and consequences of domestic violence.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
Page 2
**(A charitable company limited by guarantee)**
## **OLIVE PATHWAY**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 MARCH 2023**
## **Objectives and activities (continued)**
## **Activities undertaken to achieve objectives**
At Olive Pathway, throughout the year we engaged ourselves, service users and students on placement to attend series of events organised by us and through our stakeholders and partner organisations. Here is the list of projects and activities we organised throughout 2023 and continuing our successful and introducing amazing new initiatives:
1. Collaborating an engaging across Greater Manchester with VAWG Strategy Workshop with other Charities across Greater Manchester.
2. Caritas Salford Combating myths and stereotypes regarding communities’ integration and working together to challenge the narratives. Raising awareness about gender-based violence.
3. Royal Highness King Coronation celebration, inviting our service user to a Royalty treatment High Tea to make them feel special, amazing self-confidence talks and therapeutic meditation alongside with amazing food to celebrate.
4. “Community Connector Wythenshawe collaborating with Olive pathway service users to come and join to share their experience of domestic abuse.
5. Collaboration with “Sensitive MCR” raising awareness tackling domestic abuse and intimate partner violence within BAME community.
6. Representing Olive Pathway in “Gender Based Violence Campaign 2023 discussing and raising awareness regarding BAME community and maternity issues in the system, tackling ethnic inequalities regarding mental health DV services with Kate Green And Lord Mayor Yasmin Dar.
7. Training program organised by Wythenshawe Housing on Community Connector, participants are getting culturally sensitive training busting the myths and stereotypes within the black Asian ethnic minority groups regarding Domestic Violence issues, supporting the service user with cultural specialised services.
8. British Transport Police VAWG program relaunch: engaging in discussion and participating to raise awareness regarding interlinked connection between domestic abuse.
9. Mama Monthly Partnership meeting engagement and participation to collaborate with the mental health services for domestic abuse victim and survivors specialised with BAME community needs.
10. GMPA Training Organising and participating sharing the voice of our domestic abuse and gender-based violence victims and survivors’ issues and problems regarding immigrations problems and Criminal justice system.
11. Manchester Anti-Poverty Summit Partnership program relaunch: engaging in discussion and participating to raise awareness regarding interlinked connexion between domestic abuse and homelessness and Poverty.
12. Honour Based Violence Workshop for international gender-based violence awareness month camping, Olive Pathway organised to give more information to audience.
13. Safe and Together Institute webinar focus on Perpetrator Patterns Mapping Tool to raise awareness about women equality and domestic abuse.
14. Collaborating with Renaisis and Smallwood Trust learning raising awareness about healthy relationships combating community attitudes towards domestic abuse.
Page 3
## **OLIVE PATHWAY**
## **(A charitable company limited by guarantee)**
**TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 MARCH 2023**
## **Objectives and activities (continued)**
15. Partner at Oldham mental health USTAWI Launch. engagement and participation to collaborate with USTAWI, mental health services for domestic abuse victim and survivors specialised with BAME community needs.
16. Collaborating with Greater Manchester Combined Authority Project Lived Experience Reference Group Engaging in supporting local communities and charities working together to combat the issues of a women Domestic violence.
17. Christmas, homelessness, and winter warmer project: on the festive occasion of Christmas, olive pathway decided to support single mother and children with £30 Asda voucher, we supported or service user by providing them warm clothes for women and children by referring them to the right services, it really helped service users who are victim of domestic abuse and gender-based violence living in temporary accommodations with limited resources.
18. Art Workshop for service users’ children to help with their mental wellbeing during School half Terms.
19. National Suicide Prevention Day to raise more awareness and how it can be interlinked with intimate partner and gender-based violence against women and girls.
20. On Our Radar Community Reporter Training to raise awareness about olive pathway and its services specialise for BAME community.
21. Black History Month Celebration with Mama Health and Poverty Partnership.
22. Prosper Life Initiative course supporting victim of Financial Abuse.
23. Domestic Violence Awareness Month, sharing Support for women with disability and children with autistic needs collaborating with Sensitives Wythenshawe charity.
24. Olive Pathway is partner member of Mama Health and Poverty Partnership (MHaPP) and in February the partnership welcomed four Social Worker and Mental Health Nursing Master’s Students from the University of Salford on an initial four-week placement which upon students request to stay longer was increased to a sixweek placement. The opportunity and partnership with the prestigious University of Salford was indeed an honour. Olive Pathway office was the student’s Hub where they were able to learn and engage with all the Organisations within the MHaPP partnership.
25. Olive pathway Participated in a training and workshop held by MP Mike Kane on housing advice tackling and raising awareness Domestic Abuse establishing a strong network for Culturally and religiously sensitive communities and their need for housing.
26. The Lotus Hub: proud partner of four major domestic violence organizations in Greater Manchester providing specialist support and a helpline for domestic violence to women on No Recourse to Public Funds (NRPF). This project is funded by the Home Office for two years.
Page 4
## **OLIVE PATHWAY**
## **(A charitable company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 MARCH 2023**
## **Achievements and performance**
## **Main achievements of the Charity**
Since 2023 began, Olive Pathway continued to offer specialist services to help support survivors of Gender Based Violence (GBV) and Domestic Violence in Greater Manchester. The service remained opened by delivering face to face welfare checks, food parcel deliveries, financial support, telephone, and video consultations. Our Culturally Sensitive Counselling and Life Coaching sessions also never stopped, and our service users are testifying to how relevant our service is to them. Olive Pathway supported over 500 women and families’ victims and survivors of domestic abuse and GBV through face to face, self-referrals, referrals from the local authorities, Social Services, partner organisations and through our social media platforms, black women private safe spaces on WhatsApp and Facebook.
Along the line, we saw an increase in new referrals and an increased need for financial assistance from our service users especially from women on NRPF. The service continued to be relevant and present in the race to tackle Domestic Abuse and GBV.
Olive Pathway Founder & CEO, Memory Nyahunzwi continues to serve on Greater Manchester, Gender Based Violence (GBV) Board as a board member and remains on the Panel Member for the Greater Manchester Women and Girls Equality Panel led by the Deputy Mayor of Andy Burns, GM- Violence Against Women and Girls (VAWG) Sub- Group.
## **Compliments and feedback**
We continue to receive great compliments from the general public, community leader, faith leaders, stakeholders, and our service-users; verbally and through emails expressing that we are delivering the most effective and rapid service especially to women facing GBV when they are in crisis.
## **Financial review**
## **Going concern**
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
## **Reserves policy**
The Charity seeks to maintain reserves which match any obligation, such as to employees, and to ensure sustainability beyond the next quarter. The target is to build and maintain unrestricted reserves equating to three months normal expenditure.
## **Financial results**
Total receipts during the year was £147,056 (2022: £61,530). Total expenditure for the year was £94,604 (2022: £81,095). The detailed breakdown of the accounts can be found in the accompanying SOFA, balance sheet and notes.
Page 5
## **OLIVE PATHWAY**
## **(A charitable company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 MARCH 2023**
## **Structure, governance and management**
## **Constitution**
OLIVE PATHWAY is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association.
## **Methods of appointment or election of Trustees**
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association.
## **Plans for future periods**
Olive Pathway continues to work towards securing sustainable funds to develop and achieve the following proposed and outstanding projects targeted as per our 5year Strategic Plan 2020-2025 and the following projects:
• Entrepreneurship workshop Olive Pathway service users to start a business or who already have a business and need support with coaching and finances. We at Olive Pathway will arrange a GIS (Group Information Session) and further strategy will be developed on how to support women in BAME community to be financially independent.
- Moving On: Person-Centred Coaching Sessions which will be delivered on a 1:1 basis and will aim to
- address service users issues and come up with a plan around going back to college or university or looking for a job and starting a small business.
- Developing Bespoke Training Packages on Domestic Abuse and GBV for BME communities
- Specialist Supported Accommodation for Victims and Survivors of Domestic Abuse and GBV (Temporary
- and Long-Term)
- Growth and Expansion of our Specialist Services in other locations, Nationally and Internationally
- Organise more campaign events Nationally and Internationally which will aim to eradicate Domestic Abuse
- and GBV.
Page 6
##
##
##
##
## **OLIVE PATHWAY**
## **(A charitable company limited by guarantee)**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 MARCH 2023**
## **Independent Examiner's Report to the Trustees of OLIVE PATHWAY ('the Charity')**
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 30 March 2023.
## **Responsibilities and Basis of Report**
As the Trustees of the Charity (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent Examiner's Statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed: Dated: 31 January 2024 D Tabiri FCCA ACIE
Page 8
**(A charitable company limited by guarantee)**
## **OLIVE PATHWAY**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 MARCH 2023**
|**Note**
**Income from:**
Donations and legacies
3
Other trading activities
4
**Total income**
**Expenditure on:**
Charitable activities
5
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2023**
**£**
**142,356**
**4,700**
**147,056**
**94,604**
**94,604**
**52,452**
**2,415**
**52,452**
**54,867**|**Total**
**funds**
**2023**
**£**
**142,356**
**4,700**
**147,056**
**94,604**
**94,604**
**52,452**
**2,415**
**52,452**
**54,867**|_Total_
_funds_
_2022_
_£_
_60,271_
_1,259_
_61,530_
_81,095_
_81,095_
_(19,565)_
_21,980_
_(19,565)_
_2,415_|
|---|---|---|---|
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 12 to 19 form part of these financial statements.
Page 9
## **OLIVE PATHWAY (A charitable company limited by guarantee) REGISTERED NUMBER: 09266897**
## **BALANCE SHEET AS AT 30 MARCH 2023**
|**Note**
**Fixed assets**
Tangible assets
10
**Current assets**
Cash at bank and in hand
Creditors: amounts falling due within one
year
11
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension asset**
**Total net assets**
**Charity funds**
Restricted funds
13
Unrestricted funds
13
**Total funds**|**62,571**
**62,571**
**(8,711)**|**2023**
**£**
**1,007**
**1,007**
**53,860**
**54,867**
**54,867**
**54,867**
**-**
**54,867**
**54,867**|_7,677_
_7,677_
_(7,552)_|_2022_
_£_
_2,290_|
|---|---|---|---|---|
|||||_2,290_
_125_|
|||||_2,415_|
|||||_2,415_|
||||||
|||||_2,415_|
|||||_-_
_2,415_|
||||||
|||||_2,415_|
The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees on 5 February 2024 and signed on their behalf by:
Page 10
## **OLIVE PATHWAY**
## **(A charitable company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH 2023**
## **1. General information**
OLIVE PATHWAY is a registered charity, number 1168234, and is constituted under a Memorandum of Association.
## **2. Accounting policies**
## **2.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
OLIVE PATHWAY meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## **2.2 Income**
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
## **2.3 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
Page 12
**(A charitable company limited by guarantee)**
## **OLIVE PATHWAY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH 2023**
## **2. Accounting policies (continued)**
## **2.4 Tangible fixed assets and depreciation**
Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .
Depreciation is provided on the following basis:
- Computer equipment 25% Straight line
## **2.5 Cash at bank and in hand**
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **2.6 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
## **2.7 Financial instruments**
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **2.8 Pensions**
The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.
Page 13
## **OLIVE PATHWAY**
## **(A charitable company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH 2023**
## **2. Accounting policies (continued)**
## **2.9 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
## **3. Income from donations and legacies**
||**Unrestricted**|**Total**|_Total_|
|---|---|---|---|
||**funds**|**funds**|_funds_|
||**2023**|**2023**|_2022_|
||**£**|**£**|_£_|
|Grants|142,356|**142,356**|_60,271_|
## **4. Income from other trading activities Income from fundraising events**
||**Unrestricted**|**Total**|_Total_|
|---|---|---|---|
||**funds**|**funds**|_funds_|
||**2023**|**2023**|_2022_|
||**£**|**£**|_£_|
|Other charitable activities and donations|4,700|**4,700**|_1,259_|
## **5. Analysis of expenditure on charitable activities Summary by fund type**
||**Unrestricted**|||
|---|---|---|---|
||**funds**|**Total**|_Total_|
||**2023**|**2023**|_2022_|
||**£**|**£**|_£_|
|Direct costs - Activities|94,604|**94,604**|_81,095_|
Page 14
## **OLIVE PATHWAY**
## **(A charitable company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH 2023**
## **6. Analysis of expenditure by activities**
|Direct costs
_Total 2022_|**Activities**
**undertaken**
**directly**
**2023**
**£**
88,418
_78,526_|**Support**
**costs**
**2023**
**£**
6,186
_2,569_|**Total**
**funds**
**2023**
**£**
**94,604**
_81,095_|_Total_
_funds_
_2022_
_£_
_81,095_|
|---|---|---|---|---|
||||||
## **Analysis of direct costs**
|Staff costs
Project management and support costs
Travel and subsistence
Rent and rates
Coaching and mentoring sessions
Computer software costs
Computer & IT Consumables
Insurance
Adverising and publicity
Training
Telephone
Professional fees
Family support
Volunteer costs|**Activities**
**2023**
**£**
5,998
23,406
320
13,674
3,960
418
-
219
2,228
8,816
2,178
22,666
3,558
977
88,418|**Total**
**funds**
**2023**
**£**
**5,998**
**23,406**
**320**
**13,674**
**3,960**
**418**
**-**
**219**
**2,228**
**8,816**
**2,178**
**22,666**
**3,558**
**977**
**88,418**|_Total_
_funds_
_2022_
_£_
_20,120_
_-_
_-_
_15,705_
_2,690_
_335_
_2,310_
_1,227_
_3,223_
_10,066_
_727_
_19,754_
_540_
_1,829_|
|---|---|---|---|
||||_78,526_|
Page 15
**(A charitable company limited by guarantee)**
## **OLIVE PATHWAY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH 2023**
## **6. Analysis of expenditure by activities (continued)**
## **Analysis of support costs**
|Depreciation
Printing, postage and stationery
Bank charges
Other office costs
Accountancy fees|**Activities**
**2023**
**£**
1,283
993
140
1,770
2,000
6,186|**Total**
**funds**
**2023**
**£**
**1,283**
**993**
**140**
**1,770**
**2,000**
**6,186**|_Total_
_funds_
_2022_
_£_
_1,283_
_427_
_249_
_610_
_-_|
|---|---|---|---|
||||_2,569_|
## **7. Independent examiner's remuneration**
The independent examiner's remuneration amounts to an independent examiner fee of £1,000 ( _2022_ - _£1,000_ ).
## **8. Staff costs**
|Wages and salaries
Contribution to defined contribution pension schemes|**2023**
**£**
**5,929**
**69**
**5,998**|_2022_
_£_
_19,780_
_340_|
|---|---|---|
||||
|||_20,120_|
The average number of persons employed by the Charity during the year was as follows:
||**2023**|_2022_|
|---|---|---|
||**No.**|_No._|
|Staff|**1**|_1_|
No employee received remuneration amounting to more than £60,000 in either year.
Page 16
## **OLIVE PATHWAY**
## **(A charitable company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH 2023**
## **9. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits _(2022 - £NIL)_ .
During the year ended 30 March 2023, no Trustee expenses have been incurred _(2022 - £NIL)_ .
## **10. Tangible fixed assets**
|**Cost or valuation**
At 31 March 2022
At 30 March 2023
**Depreciation**
At 31 March 2022
Charge for the year
At 30 March 2023
**Net book value**
At 30 March 2023
_At 30 March 2022_|**Computer**
**equipment**
**£**
**5,133**|
|---|---|
||**5,133**|
||**2,843**
**1,283**|
||**4,126**|
||**1,007**|
||_2,290_|
## **11. Creditors: Amounts falling due within one year**
|Pension fund loan payable
Other creditors
Accruals and deferred income|**2023**
**£**
**196**
**7,515**
**1,000**
**8,711**|_2022_
_£_
_37_
_7,515_
_-_
_7,552_|
|---|---|---|
Page 17
## **OLIVE PATHWAY**
## **(A charitable company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH 2023**
## **12. Financial instruments**
||**2023**|_2022_|
|---|---|---|
||**£**|_£_|
|**Financial assets**|||
|Financial assets measured at fair value through income and expenditure|**62,571**|_7,677_|
Financial assets measured at fair value through income and expenditure comprise cash at bank.
## **13. Statement of funds**
## **Statement of funds - current year**
|**Unrestricted funds**
General Funds - all funds
**Statement of funds - prior year**
**Unrestricted funds**
General Funds - all funds|**Balance at**
**31 March**
**2022**
**£**
**2,415**
_Balance at_
_1 March_
_2021_
_£_
_21,980_|**Income**
**£**
**147,056**
_Income_
_£_
_61,530_|**Expenditure**
**£**
**(94,604)**
_Expenditure_
_£_
_(81,095)_|**Balance at**
**30 March**
**2023**
**£**
**54,867**|
|---|---|---|---|---|
|||||_Balance at_
_30 March_
_2022_
_£_
_2,415_|
Page 18
**(A charitable company limited by guarantee)**
## **OLIVE PATHWAY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH 2023**
## **14. Analysis of net assets between funds**
## **Analysis of net assets between funds - current year**
|**Unrestricted**
**funds**
**2023**
**£**
Tangible fixed assets
1,007
Current assets
62,571
Creditors due within one year
(8,711)
**Total**
54,867|**Total**
**funds**
**2023**
**£**
**1,007**
**62,571**
**(8,711)**
**54,867**|
|---|---|
## **Analysis of net assets between funds - prior year**
|Tangible fixed assets
Current assets
Creditors due within one year
**Total**|_Unrestricted_
_funds_
_2022_
_£_
_2,290_
_7,677_
_(7,552)_
_2,415_|_Total_
_funds_
_2022_
_£_
_2,290_
_7,677_
_(7,552)_
_2,415_|
|---|---|---|
## **15. Pension commitments**
The group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund and amounted to £69 (2022 - £340). £196 (2022: £37) outstanding contributions were payable to the fund at the balance sheet date.
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