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2024-03-31-accounts
|
Page |
| Trustees' Annual Report |
3 −10 |
| Report of the Independent Auditors |
11−13 |
| Statement of Financial Activities |
14 |
| Statement of Financial Position |
15 |
| Statement of Cash Flows |
16 |
| Notes to the Financial Statements |
17 — 28 |
| Chair: |
Colin Smith |
(resigned18 December 2023 |
|
Andrew Wignall |
(appointed 18 December 2023) |
| Vice−Chair: |
Malcolm Jeavons |
(resigned 18 December 2023) |
|
Hilary Karpinski |
(appointed 18 December 2023) |
| Treasurer: |
Andrew Wignall |
(resigned 18 December 2023) |
|
Mark Horobin |
(appointed 12 February 2024) |
|
Brad Barrass |
(resigned 7 January 2024) |
|
Carly Harling |
|
|
Godson Katoto |
|
|
Christine Marshall |
|
|
Oyenike Sogbein |
|
|
|
|
|
|
Total |
Total |
|
|
|
Unrestricted |
Restricted |
Funds |
Funds |
|
|
|
Funds |
Funds |
2024 |
2023 |
|
|
Notes |
|
|
|
|
| Income (and endowments) from: |
|
|
|
|
|
|
| Donations and legacies |
|
2 |
1,165 |
|
1,165 |
335 |
| Charitable activities |
|
3 |
253,667 |
878,718 |
1,132,385 |
1,089,238 |
| Investments |
|
4 |
2,723 |
|
2,723 |
1,038 |
| Other |
|
5 |
7,837 |
|
7,837 |
6,119 |
| Total income |
|
|
265,392 |
878,718 |
1,144,410 |
1,096,730 |
| Expenditure on: |
|
|
|
|
|
|
| Central Administration expenses |
|
7 |
14,376 |
− |
14,376 |
13,799 |
| Charitable activities |
|
6 |
127,389 |
923,181 |
1,050,570 |
890,761 |
| Total expenditure |
|
|
141,765 |
923,181 |
1,064,946 |
904,560 |
| Net income/(expenditure) before |
|
|
123,627 |
(44,463) |
79,164 |
192,170 |
| exceptional items |
|
|
|
|
|
|
| Exceptional items |
21 |
|
(75,000) |
|
(75,000) |
|
| Net Income/(expenditure) |
|
|
48,627 |
(44,463) |
4,164 |
192,170 |
| Transfer between funds |
|
|
5,579 |
(5,579) |
|
|
| Other recognised gain/(losses): |
|
|
|
|
|
|
| (Losses) on revaluation of |
|
|
|
|
|
(133,500) |
| fixed assets |
|
|
|
|
|
|
| Net movement in funds in year |
|
|
54,206 |
(50,042) |
4,164 |
58,670 |
| Reconciliation of funds |
|
|
|
|
|
|
| Total funds brought forward |
|
11 |
621,865 |
55,468 |
677,333 |
688,737 |
| Prior year adjustment |
|
|
|
|
|
(70,074) |
|
|
|
621,865 |
55,468 |
677,333 |
618,663 |
| Net movement in funds in year |
|
|
54,206 |
(50,042) |
4,164 |
58,670 |
| Total funds carried forward |
|
|
676,071 |
5,426 |
681,497 |
677,333 |
|
|
|
2024 |
|
2023 |
|
Notes |
£ |
£ |
£ |
£ |
| Fixed Assets |
|
|
|
|
|
| Tangible assets |
8 |
|
125,000 |
|
125,000 |
| Current Assets |
|
|
|
|
|
| Debtors |
9 |
33,877 |
|
6,499 |
|
| Cash at bank and in hand |
|
1,012,068 |
|
675,479 |
|
| Current Assets |
|
1,045,945 |
|
681,978 |
|
| Creditors: amounts falling due within |
|
|
|
|
|
| one year |
10 |
(489,448) |
|
(129,645) |
|
| Net Current Assets |
|
|
556,497 |
|
552,333 |
| Net Assets |
|
|
681,497 |
|
677,333 |
| The Funds of the charity |
11,13 |
|
|
|
|
| Designated |
|
|
119,271 |
|
119,271 |
| General Unrestricted Funds |
|
|
690,300 |
|
636,094 |
| Restricted Funds |
|
|
5,426 |
|
55,468 |
| Revaluation Reserve |
|
|
(133,500) |
|
(133,500) |
| Total Charity Funds |
|
|
681,497 |
|
677,333 |
|
Notes |
2024 |
2023 |
| Cash flow from operating activities |
|
|
|
| Net cash provided by operating activities |
22 |
333,866 |
178,749 |
| Cash flows from investing activities: |
|
|
|
| Income from investments |
|
2,723 |
1,038 |
| Net cash received from investing activities |
|
2,723 |
1,038 |
| Change in cash and cash equivalents in the year |
|
336,589 |
179,787 |
| Cash and cash equivalents at the beginning of |
|
675,479 |
495,692 |
| the year |
|
|
|
| Cash and cash equivalents at the end of the year |
23 |
|
|
|
|
1,012,068 |
675,479 |
| 2. Donations and legacies |
Unrestricted |
Restricted |
Total |
Total |
|
Funds |
Funds |
Funds |
2023 |
|
£ |
£ |
2024 |
E |
|
|
|
£ |
|
| Grants and donations |
1,165 |
− |
1,165 |
335 |
|
1,165 |
|
1,165 |
335 |
| 3. Income from charitable activities |
Unrestricted |
Restricted |
Total |
Total |
|
Funds |
Funds |
Funds |
2023 |
|
£ |
£ |
2024 |
£ |
|
|
|
£ |
|
| Grants and contracts |
253,667 |
878,718 |
1,132,385 |
1,089,238 |
|
253,667 |
878,718 |
1,132,385 |
1,089,238 |
| 4. Investment income |
Unrestricted |
Restricted |
Total |
Total |
|
Funds |
Funds |
Funds |
2023 |
|
£ |
£ |
2024 |
|
|
|
|
£ |
£ |
| Bank Interest |
2,723 |
− |
2,723 |
1,038 |
|
2,723 |
|
2,723 |
1,038 |
| 5. Other income |
Unrestricted |
Restricted |
Total |
Total |
|
Funds |
Funds |
Funds |
2023 |
|
|
|
2024 |
|
| Other income |
7,837 |
|
7,837 |
6,119 |
|
7,837 |
|
7,837 |
6,119 |
|
Unrestricted |
Restricted |
Total |
|
Total |
|
Funds |
Funds |
Funds |
|
2023 |
|
|
|
2024 |
|
|
| Direct staff costs |
105,990 |
755,508 |
861,498 |
|
749,623 |
| Travel and subsistence |
3,523 |
6,786 |
10,309 |
. |
4,894 |
| Premises costs |
10,877 |
44,142 |
55,019 |
|
48,526 |
| Depreciation of owned assets |
− |
|
|
|
446 |
| Partner payments |
− |
13,500 |
13,500 |
|
30,750 |
| Other support costs |
6,999 |
103,245 |
110,244 |
|
56,522 |
|
127,389 |
923,181 |
1,050,570 |
|
890,761 |
7.
Central administration expenses |
|
|
|
|
|
|
Unrestricted |
Restricted |
Total |
|
Total |
|
Funds |
Funds |
Funds |
|
2023 |
|
|
|
2024 |
|
|
| Payroll and Consultancy |
14,376 |
|
14,376 |
|
13,058 |
| Miscellaneous costs |
|
|
|
|
741 |
|
14,376 |
|
14,376 |
|
13,799 |
|
|
Furniture, |
|
|
|
|
Freehold |
Fixtures & |
**Computer ** |
& |
|
|
Land |
Fittings |
Office |
|
Total |
|
and |
|
Equipment |
|
|
|
Buildings |
|
|
|
|
| COST/VALUATION |
|
|
|
|
|
| As at 1 April 2023 |
125,000 |
679 |
1,108 |
|
126,787 |
| At 31 March 2024 |
125,000 |
679 |
1,108 |
|
126,787 |
| DEPRECIATION |
|
|
|
|
|
| As at 1 April 2023 |
|
679 |
1,108 |
|
1,787 |
| At 31 March 2024 |
|
679 |
1,108 |
|
1,787 |
| NET BOOK VALUE |
|
|
|
|
|
| At 31 March 2024 |
125,000 |
|
|
− |
125,000 |
| At 31 March 2023 |
125,000 |
|
|
|
125,000 |
|
2024 |
2023 |
| Cost |
275,000 |
275,000 |
| Accumulated Depreciation |
(22,000) |
(16,500) |
| Charge for year |
(5,500) |
(5,500) |
| Net Book Value |
247,500 |
253,000 |
9.
Debtors |
|
|
|
2024 |
2023 |
| Trade debtors |
9,075 |
250 |
| Prepayments |
9,676 |
5,499 |
| Other debtors and accrued income |
15,126 |
750 |
|
33,877 |
6,499 |
| 10. Creditors — amounts falling due within 1 year |
|
|
|
2024 |
2023 |
| Deferred income |
390,454 |
96,545 |
| Other creditors |
2,309 |
15,181 |
| Other taxes and social security |
13,815 |
10,646 |
| Accruals |
82,870 |
7,273 |
|
489,448 |
129,645 |
| Movements in funds |
|
|
|
|
|
|
Balances |
|
|
|
Balances |
|
brought |
|
|
|
carried |
|
Forward |
Income |
Expenditure |
Transfers |
forward |
|
E |
E |
E |
E |
E |
| Unrestricted Funds |
|
|
|
|
|
| Designated: |
|
|
|
|
|
| Contractual |
|
|
|
|
|
| Commitment Reserve |
119.271 |
|
|
|
119.271 |
| Revaluation Reserve |
(133,500) |
− |
|
|
(133,500) |
| General |
636.094 |
265.392 |
(216,765) |
5,579 |
690,300 |
| Total |
621,865 |
265,392 |
(216,765) |
5,579 |
676,071 |
| Restricted Funds |
|
|
|
|
|
| British Gas Trust |
22,090 |
115,862 |
(138,279) |
327 |
|
| MASDAP |
− |
312,230 |
(302,880) |
(9,350) |
|
| CADB Tier Three |
32,589 |
174,758 |
(201,921) |
|
5,426 |
| Help through |
789 |
13,000 |
(13,851) |
62 |
|
| Hardship |
|
|
|
|
|
| CitA Energy |
− |
27,125 |
(27,670) |
545 |
|
| Immigration |
− |
8,000 |
(8,635) |
635 |
|
| Food Aware |
|
584 |
(1,803) |
1,219 |
|
| Trusell Trust |
|
36,089 |
(36,429) |
340 |
|
| CitA Pot Two |
− |
22,750 |
(22,741) |
(9) |
|
| Help to Claim |
|
168,320 |
(168,972) |
652 |
|
|
55,468 |
878,718 |
(923,181) |
(5,579) |
5,426 |
|
2024 |
2023 |
|
£ |
£ |
| Wages and salaries |
790,142 |
691,154 |
| Social security costs |
58,266 |
50,331 |
| Pension |
13,090 |
8,137 |
|
861,498 |
618,752 |
|
Unrestricted |
Restricted |
Total |
Total |
|
funds |
funds |
funds |
2023 |
|
£ |
£ |
£ |
£ |
| Fixed assets |
125,000 |
|
125,000 |
125,000 |
| Net current assets |
551,071 |
5,426 |
556,497 |
552,333 |
|
676,071 |
5,426 |
681,497 |
677,333 |
|
|
2024 |
2023 |
|
|
£ |
£ |
| Auditor's |
remuneration |
5,550 |
5,700 |
|
|
5,550 |
5,700 |
|
2024 |
2023 |
|
£ |
£ |
| Net Income for the year |
4,164 |
58,670 |
| Adjustments for: |
|
|
| Depreciation charges |
− |
446 |
| Loss on revaluation |
|
133,500 |
| Income from investments |
(2,723) |
(1,038) |
| (Increase)/Decrease in debtors |
(27,377) |
45,891 |
| Increase/Decrease in creditors |
359,802 |
(58,720) |
|
333,866 |
178,749 |
23.
Analysis of cash and cash equivalents |
|
|
|
2024 |
2023 |
|
£ |
£ |
| Cash at bank and in hand |
1,012,068 |
675,479 |
|
|
Unrestricted |
Restricted |
Total |
|
|
Funds |
Funds |
|
|
|
£ |
£ |
£ |
| Income (and endowments) from: |
|
|
|
|
| Donations and legacies |
|
335 |
− |
335 |
| Charitable activities |
|
225,534 |
863,704 |
1,089,238 |
| Investments |
|
|
|
|
|
|
1,038 |
|
1,038 |
| Other |
|
|
|
|
|
|
6,119 |
|
6,119 |
| Total income |
|
233,026 |
863,704 |
1,096,730 |
| Expenditure on: |
|
|
|
|
| Central administration expenses |
|
13,799 |
|
13,799 |
| Charitable activities |
|
72,030 |
818,731 |
890,761 |
| Total expenditure |
|
85,829 |
818,731 |
904,560 |
| Net income for year |
|
147,197 |
44,973 |
192,170 |
| Transfers between funds |
|
(10,495) |
10,495 |
|
| Other recognised gains / (losses): |
− |
|
|
|
| (Losses) on revaluation of fixed assets |
|
(135,000) |
|
(135,000) |
| Net movement in funds |
|
3,202 |
55,468 |
58,670 |
|
Unrestricted |
Restricted |
Total |
|
Funds |
Funds |
|
|
£ |
£ |
£ |
| Reconciliation of funds |
|
|
|
| Total funds brought forward |
688,737 |
|
688,737 |
| Prior year adjustment |
(70,074) |
|
(70,074) |
| Total funds brought forward (restated) |
618,663 |
|
618,663 |
| Net movements in funds in year |
3,302 |
55,468 |
58,670 |
| Total funds carried forward |
621,865 |
55,468 |
677,333 |