## **Portsmouth City Council Care Leavers Trust (Flying Solo) Annual Accounts for the year ended 31 March 2023** 

## **Trustees’ Annual Report** 

## **Charity Name:** 

Portsmouth City Council Care Leavers Trust (Flying Solo) 

## **Charity Status:** 

Unregistered charitable trust supporting care-experienced young adults 

## **Reporting Period:** 

1 April 2022 – 31 March 2023 

## **Objectives and Activities** 

The Trust supports care-experienced young adults in Portsmouth as they transition into independent living. It provides small grants, wellbeing support, and opportunities that promote stability, confidence, and positive life outcomes. 

During 2022–2023, the Trust continued to offer financial assistance for essential items, emergency needs, and activities that help care leavers build independence. 

## **Public Benefit Statement** 

The trustees confirm that they have complied with their duty under section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit. All activities undertaken during the year were directed toward supporting care-experienced young people. 

## **Achievements and Performance** 

Demand for support increased during the year, reflecting the rising cost of living and the ongoing challenges faced by young people leaving care. The Trust continued to distribute grants and provide practical support. Restricted funds were used for direct support, while unrestricted income covered organisational and publicity costs. 

## **Financial Review** 

- **Total income:** £7,350 

- **Total expenditure:** £8,900 

- **Net deficit:** £1,550 



The Trust began the year with **£5,180** carried forward from 2021–2022. After accounting for the deficit, the closing balance at 31 March 2023 is: 

## **£5,180 – £1,550 = £3,630** 

The Trust remains financially stable and able to continue supporting care leavers. 

## **Receipts and Payments Account** 

## _**For the year ended 31 March 2023**_ 

## **Income** 

**Income Source Amount (£)** Donations and other income 7,350 **Total Income 7,350 Expenditure Expenditure Category Amount (£) Total Expenditure 8,900 Net Movement in Funds Category Amount (£) Net deficit for the year –1,550** 

**Statement of Assets and Liabilities** _**As at 31 March 2023**_ 

**Assets Category Amount (£)** Cash at bank and in hand 3,630 Other assets 0 **Total Current Assets 3,630** 

## **Liabilities** 



## **Category** 

## **Amount (£)** 

Creditors due within one year 0 

## **Net Assets** 

**Category Amount (£)** 

**Net Assets 3,630** 

## **Funds of the Charity** 

**Fund Type Closing Balance (£)** 

Unrestricted (you can choose how much of the deficit to allocate here) 

Restricted (if applicable) 

**Total Funds 3,630**