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|**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**|
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|**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||
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||||||**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|
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||||**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|
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||**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|
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|**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|
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||**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|
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|||**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|
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||**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|
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|**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|
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|**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|
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||**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|
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||**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|
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|||**2024**|2023|
|---|---|---|---|
|||**£**|£|
|Auditor's|remuneration|5,550|5,700|
|||5,550|5,700|
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||**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|
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|||**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|
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||**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|