2023-03-31-accounts - Navigate

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

					Page
Report ofthe Trustees				1	to	7
Independent Examiner's		Report
Statement ofFinancial		Activities
Balance Sheet					10
Cash Flow Statement
Notes to the Cash Flow		Statement			12
Notes to the Financial	Statements			13	to	22
Detailed Statement of	Financial		Activities	23	to	24

for the Yea	r Ended 31 March 2023
					31.3.23	31.3.22
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Notes
INCOME	AND ENDOWMENTS FROM
Donations	and legacies		]02,508	454,036	556,544	637,038
EXPENDITURE ON
Charitable	activities
Money and	debt advisory		100,103	480,812	580,915	634a122
NET INCOME/(EXPENDITURE)			2,405	(26,776)	(24,371)	2,916
RECONCILIATION OF FUNDS
Total funds	brought fovvard		41,521	46,569	88,090	85,174
TOTAL FUNDS CARRIED FORWARD			43,926	19,793	63,719	88,090

Balance Sheet 31 March 2023
				31.3.23	31.3.22
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes
CURRENT ASSETS
Debtors		25,623	6,514	32,137	8,103
Cash at bank		84,057	27,415	111,472	143,775
		109,680	33,929	143,609	151,878
CREDITORS
Amounts falling due within one year	10	(65,754)	(14,136)	(79,890)	(63,788)
NET CURRENT ASSETS		43,926	19,793	63,719	88,090
TOTAL ASSETS LESSCURRENT
LIABILITIES		43,926	19,793	63,719	88,090
NET ASSETS		43,926	19,793	63,719	88,090
FUNDS	12
Unrestricted funds				43,926	41,521
Restricted funds				19,793	46,569
TOTAL FUNDS				63,719	88,090

for the Year Ended 31 Marc	h 2	023
					31.3.23	31.3.22
				Notes
Cash flows from operating	activities
Cash generated from operations					~23,477)	(529)
Net cash used in operating	activities				~23,477)	(~29)
Cash flows from investing	activities
Sale oftangible fixed assets						4,000
Net cash provided by investing		activities				4,000
Change in cash and cash equivalents			in
the reporting period					(23,477)	3,471
Cash and cash equivalents	at	the
beginning ofthe reporting	period				134949	131,478
Cash and cash equivalents	at	the end	of
the reporting period					111,472	134,949

	OPERATING ACTIVITIES
					31.3.23	31.3.22
	Net (expenditure)/income for the reporting	period (as per the
	Statement ofFinancial Activities)				(24,371)	2,916
	Adjustments for:
	Depreciation charges					736
	Profit on disposal offixed assets					(2,344)
	(increase)/decrease in debtors				(24,034)	9,691
	Increase/(decrease) in creditors				24,928	( l 1,528)
	Net cash used in operations				(23,477)	(529)
2.	ANALYSIS OF CASH A)ND CASH EQUIVALENTS
					31.3.23	3l.3.22
	Notice deposits (less than 3 months) Overdrafts included in bank loans and overdrafts		falling due within	one year	111,472	l43,775 ~8,826)
	Total cash and cash equivalents				111,472	134,949

ANALYSIS OF CHANGES IN NET F	UNDS
	At 1.4.22	Cash flow	At 31.3.23
Net cash
Cash at bank Bank overdraft	143,775 ~8,826)	(32,303) 8,826	111,472
	134,949	(23,477)	111,472
Total	134,949	f23,477)	111,472

2.	DONATIONS AND LE	GACIES
				31.3.23	3L3.22
	Donations			1,000
	Grants			546,061	616,881
	Other revenue			9,483	20,157
				556,544	637,038
	Grants received, included	in the above, are as follows:
				31.3.23	31.3.22
	Other grants			546,061	616,881
3.	CHARITABLE ACTIVITIES COSTS
			Grant
			funding of
			activities	Support
		Direct	csee note	costs (see
		Costs	4)	note 5)	Totals
	Money and debt advisory	520,272	6,351	54,292	580,915
4.	GRANTS PAYABLE
				31.3.23	31.3.22
	Money and debt advisory			6,351	75,987

						Governance
				Management	Finance	costs	Totals
Money	and	debt	advisoty	5,244	4,520	44,528	54,292

7.	STAFF COSTS
							31.3.23	31.3.22
	Wages and salaries						326,809	272,109
	Social security costs						18,625	13,659
	Other pension costs						12,358	9,992
							357,792	295,760
	The average monthly number ofemployees			during	the year was as follows:
							31.3.23	31.3.22
	Office and Management						18	13
	One employee received	emoluments	between	$60,000 and f70,000.
	COMPARATIVES FOR THE STATEMENT OF FINANCIAL					ACTIVITIES
						Unrestricted	Restricted	Total
						funds	funds	funds
	INCOME AND ENDOWMENTS		FROM
	Donations and legacies					153,899	483,139	637,038
	EXPENDITURE ON
	Charitable activities
	Money and debt advisoiy					150,784	483,338	634,122
	NET INCOME/(EXPENDITURE)					3,115	(199)	2,916
	RECONCILIATION	OF FUNDS
	Total funds brought forward					38,406	46,768	85,174
	TOTAL FUNDS CARRIED FORWARD					41,521	46,569	88,090
9.	DEBTORS:AMOUNTS FALLING DUE			AFTER MORE THAN		ONE YEAR
							31.3.23	31.3.22
	Trade debtors						22,061	1,292
	Other debtors						20
	Prepayments and acctxed income						10,056	6,811

						31.3.23	31.3.22
	Bank loans and overdrafts		(see note 11)				8,826
	Trade creditors					4,773	5,420
	Social security and other taxes					6,354	4,6]5
	Other creditors					20,673	2,707
	Accruals and deferred income					48,090	42,220
						79,890	63,788
11.	LOANS
	An analysis ofthe	maturity	ofloans is given below:
						31.3.23	31.3.22
	Amounts falling due within		one year on demand:
	Bank overdrafts						8,826
12.	MOVEMENT IN	FUNDS
						Net
						movement	At
					At 1.4.22	in funds	31.3.23
	Unrestricted funds
	General fund				(21,407)	(30,599)	(52,006)
	Mid Devon District Council			—Local
	Welfare Assistance				11,892		11,892
	Navigate the Money Maze				8,179	9,682	17,861
	Community Health	&Social		Care Project
	(CH&SCT)				24,157	(258)	23,899
	Mid Devon District Council			Hardship
	Scheme				18,554	11,186	29,740
	Torridge Rough Sleeper Outreach				146	198	344
	The Access to Justice Foundation					12,196	12,196
					41,521	2,405	43,926
	Restricted funds
	British Gas Energy	Trust			11,408	(3,099)	8,309
	Transitions				24,076	(23,367)	709
	Awards 4 All				2,567	(2,567)
	Access to Justice Foundation				6,968		6,968
	The Clothworkers	Foundation			31	(31)
	EDF Navigate the	Money Maze			1,519	89	1,608
	BGETSCARP2 (Somerset)		Project			2,199	2,199
					46,569	(26,776)	19,793
	TOTAL FUNDS				88,090	(24,371)	63,719

	Incoming	Resources	Movement
	resources	expended	in funds
Unrestricted funds
General fund	14,569	(45,168)	(30,599)
Navigate the Money Maze	11,949	(2,267)	9,682
Community Health &Social Care Project
(CH&.SCT)	27,235	(27,493)	(258)
Mid Devon District Council Hardship
Scheme	17,667	(6,481)	11,186
Torridge Rough Sleeper Outreach	18,892	(18,694)	198
The Access to Justice Foundation	12,196		12,196
	102,508	(100,103)	2,405
Restricted funds
British Gas Energy Trust	174,875	(177,974)	(3,099)
Transitions	133,261	(156,628)	(23,367)
Awards 4 All		(2,567)	(2,567)
The Clothworkers Foundation		(31)	(31)
EDF Navigate the Money Maze	70,930	(70,841)	89
BGETSCARP2 (Somerset) Project	74,970	~72,77))	2,199
	454,036	(480,812)	(26,776)
TOTAL FUNDS	556,544	L588,9)5)	~2437))

				Net
				movement	At
			At ].4.21	in funds	31.3.22
Unrestricted funds
General fund			569	(21,976)	(21,407)
Mid Devon District Council		—Local
Welfare Assistance			13,370	(1,478)	11,892
Navigate the Money Maze			(7,093)	15,272	8,179
Community Health	& Social	Care Project
(CH&SCT)			18,737	5,420	24,157
Mid Devon District Council		Hardship
Scheme			12,021	6,533	18,554
Torridge Rough Sleeper Outreach			802	(656)	146
			38,406	3, 1 15	41,521
Restricted funds
British Gas Energy	Trust		10,951	457	11,408
Transitions			24,073	3	24,076
Awards 4 All			2,567		2,567
Access to Justice Foundation			9,146	(2,178)	6,968
The Clothworkers	Foundation		31		31
EDF Navigate the	Money Maze			1,519	1,519
			46,768	~199)	46,569
TOTAL FUNDS			85,174	2,916	88,090

		incoming	Resources	Movement
		resources	expended	in funds
Unrestricted funds
General fund		5,509	(27,485)	(21,976)
Mid Devon District Council	—Local
Welfare Assistance		2,499	(3,977)	(1,478)
Navigate the Money Maze Community Health k Social	Care Project	18,963	(3,691)	15,272
(CHk.SCT)		26,698	(21,278)	5,420
Mid Devon District Council	Hardship
Scheme		76,159	(69,626)	6,533
Torridge Rough Sleeper Outreach		24,071	~24,727)	(656)
		153,899	(150,784)	3,115
Restricted funds
British Gas Energy Trust		288,049	(287,592)	457
Transitions		143,950	(143,947)	3
Somerset Community Foundation		1,000	(1,000)
Access to Justice Foundation		2,529	(4,707)	(2,178)
EDF Navigate the Money Maze		47,611	~46,092)	1,519
		483,139	(483,338)	~199)
TOTAL FUNDS		637,038	(634,122)	2,916

				Net
				movement	At
			At 1.4.21	in funds	31.3.23
Unrestricted funds
General fund			569	(52,575)	(52,006)
Mid Devon District Council		—Local
Welfare Assistance			13,370	(1,478)	11,892
Navigate the Money Maze			(7,093)	24,954	17,861
Community Health	& Social	Care Project
(CH&SCT)			18,737	5, 162	23,899
Mid Devon District Council		Hardship
Scheme			12,021	17,719	29,740
TotTidge Rough Sleeper Outreach			802	(458)	344
The Access to Justice Foundation				12,196	12,196
			38,406	5,520	43,926
Restricted funds
British Gas Energy	Trust		10,951	(2,642)	8,309
Transitions			24,073	(23,364)	709
Awards 4 All			2,567	(2,567)
Access to Justice Foundation			9,146	(2,178)	6,968
The Clothworkers	Foundation		31	(31)
EDF Navigate the	Money Maze			1,608	1,608
BGETSCARP2 (Somerset) Project				2,199	2,199
			46,768	(26,975)	19,793
TOTAL FUNDS			85,174	(21,455)	63,719

			Incoming	Resources	Movement
			resources	expended	in funds
Unrestricted funds
General fund			20,078	(72,653)	(52,575)
Mid Devon District	Council	—Local
Welfare Assistance			2,499	(3,977)	(1,478)
Navigate the Money	Maze		30,912	(5,958)	24,954
Community Health	&Social	Care Project
(CH&.SCT)			53,933	(48,771)	5,162
Mid Devon District	Council	Hardship
Scheme			93,826	(76,107)	17,719
Tonidge Rough Sleeper Outreach			42,963	(43,421)	(458)
The Access to Justice Foundation			12,196		12,196
			256,407	(250,887)	5,520
Restricted funds
British Gas Energy	Timist		462,924	(465,566)	(2,642)
Transitions			277,211	(300,575)	(23,364)
Awards 4 All				(2,567)	(2,567)
Somerset Community Foundation			1,000	(1,000)
Access to Justice Foundation			2,529	(4,707)	(2,178)
The Clothworkers Foundation				(31)	(31)
EDF Navigate the Money Maze			118,541	(116,933)	1,608
BGETSCARP2 (Somerset) Project			74,970	~72,77))	2,199
			937,175	)964,)70)	(26,975)
TOTAL FUNDS			1,193,582	(1,215,037)	(21,455)

for the Year	End	ed 31	M	arch 2023
					31.3.23	31.3.22
INCOME AND		ENDOWMENTS
Donations and legacies
Donations					1,000
Grants					546,061	616,881
Other revenue					9,483	20,157
					556,544	637,038
Total incoming		resources			556,544	637,038
EXPENDITURE
Charitable activities
Wages					305,294	254,624
Social security					18,305	13,432
Pensions					12,207	9,878
Subcontractors					121,263	188,085
Computer and	stationery			costs	25,661	26,046
Staffrecruitment		and training			9,776	9,526
Telephone					7,123	5,398
Marketing					1,796	718
Travelling and	meeting		costs		14,954	8,992
Sundries					1,003	364
Staff costs					2,890	1,654
Legal and compliance			fees			219
Grants to individuals					6,351	75,987
					526,623	594,923
Support costs
Management
Insurance					5,171	5,035
Postage and stationery					2	56
Expenses					71	6I2
					5,244	5,703
Finance
Bank charges					4,520	3,976
Depreciation	oftangible			fixed assets		736
Loss on sale	oftangible			fixed assets		~2,344 3
					4,520	2,368
Governance	costs
Wages					21,515	17,485
Social security					320	227
Carried forward					21,835	17,712

Governance	costs
Brought forward
Pensions
1T& Sofbvare
Subscriptions
Legal and compliance		fees
Sundries
Accountancy
Staff costs
Total resources	expended
Net (expenditure)/income

31.3.23	31.3.22
21,835	17,712
151	]14
2,087	l,139
389	286
12,659	7,270
2,229	1,942
2,892	2,480
2,286	185
44,528	31,128
580,915	634,122
(24,371)	2,916