||||||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|
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|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|
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|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|
##
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##
|||||||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)|
##
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##
##
|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|