| 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 |