Company No: 1946616 Cb2rity No: 292787 ST. MARY ABBOTS REHABILITATIOIY AND TRAif4iNG PRoJEs SMART A COMP Y LIMIT DBY ACCOUNTS FOR THE YEAR ENDED 315t MARCH 2023 •ACHZZ3PS* 1)911212023 167
ST. MARY ABBOTS REHABILITATIOh' AIYD TRAINING PROJECTS (SMART) A COMPANY LIMITED BY GUARANTEE CONTEI¥4TS Legal and Administrative InfornMtion Report of the Trnstees and Directors Report of the Independent AuditOTS Statement of Financial Activities 2toS 6t07 Summary Income and EXnditUre Account Charity Balance Sheet C&sh Flow Statement io Notes fonning part of the Financial Statements Ilto14
ST. MARY ABBOTS REHABILIATION AND TRAINING PROJEcfs (SlART} A COMPANY LIMITED BY GUARANTEE LEGAL AIYD ADMtNISTRATIVE INFORMATION CHARITY NUMBER: 292787 COMPANY NUMBER.. 1946616 DtRECTORS AND TRUSTEES: G.J. VaTJ Loon-chair C.E. Curtis M.Feldman Dr. C. E. Smith N. Lambert D. Nonnenma¢her MPANY SECRETARY: A. Mustapba REGISTERED FFI The BasemenL 15. Gertrude StreeL LONDON. SWIO OJN AUDtTORS: Messrs. Jeffrey Alknan & Company, Chartered Accountants, Wayman House, 141. Wickham Road, Shirley. CROYDON. Surrey. CRO 8TE. BANKERS.. Santander UK pl¢, BBAM, BTidle Roa BOOTLE, Metseyside, L30 4GB HSBC Bank plc, Belgravia SWIV IEJ National Westininty Bank plc.. 224. Kings Road, LONDON, SW3 5XJ
ST. TrtARY ABBOTS BIHAB[LATI0N AND TRAINING PROJECTS {SMART) (A Registered Charlty and Company Limited by Guarantee) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st MARC 2023 The TrsteeS, who are also Director5 of the Chan"ty for the purposes of the compani Act, subtnit their annual report and the audited financial statcmcrLts for St Mary Abbots Rehabilitation and Training Pmjects (SMARD (Charity Number 292787. Company restratOn number 1946616, Registered Office Address'.The Basemerlt, 15 Gertde Street, tA)nd0 SWIO for the year ended 31 2023. The Trllste have adopted the provLStons of the CIwL"ties Statement of RttOmrnetCd Practice (SORP FRS 102) together with Update Bulletin l in preparing the annual reEK)rt and fir[lC1al statellLents of the Charity. Objects and Principal Activities The charity is c<)Dstituted as a Cotnpany Limited by Guarantee and is therefore governed by a Memorandum and Articles of Associatio Now in its 39th year, the Charity's objeets and its principal activity continues to be that of providing relief to people within the Royal Borough of Kensington & Chelsea and surrounding areas who are suffering from any form of mental distress. The Clwity's principal activities are undertaken for the purpose of the public ben¢fLt which are the management of a number of employfftenl and trainijjg projects for sucb people. as well as practica! sUPPOrt, information and advtce. These proj include a public Cafe with micro-bakery and catering arm. a Dtylupcycling project. a music proje£t with giggllig band and singer groups and a Srnall gardening business. tn additio a range olshort courses and workshops ar¢ offered to irnprove vocational and life skills, as and when need is identified. tn 2016 the Clwity was awarded two contracts to run atL employment pathway and practical supFKJrt or Wavigation, service as part of the new Community Living Well Service. In 2020 it was award the Conununily Cbampions contract for Cb¢lsea and itL 2022 for Earls Court. to prolltote bulth and emotional resilience in partnership with local people. The Charity also provides a wide range of social. personaL d¢velopment and recovery activities includmg person•centrcd planning. self-management progrdmmes, drama tberdpy. mindfulness, yoga, drop-in activity sessLons (during the day, evening and weekends) and 'bridge-buiiding' to the wider community. The Charity is organised so that th¢ Ttwtees meet regularly to revi¢w r¢sults and marLage its affaits. Sub- commillees fonned of staff, clienls and other advisors report to th¢ Trustees. The sub-committees meet al least 4 limes a year and give Trustees the opportunity to gain a great¢r understanding of a specific area of work . In this way the Board gathers the infom]ation needed lo tske de£isions and plan for tkle future and makes arrangements for setting the pay of key management. The key tranagement make the every day decisions for the Charity. The TteeS confllm that they have I1 regard to th¢ Ckwiiy's Commission guidance on public benefit. Each year the Board perforn]s a skills audit to determine Wh trait)ing is neded and where gaps in skills li¢. A recNitment and training progTamme is orgarrised around th¢ results and Trustees are appointed annually, by vote. at the Annual General Meeting. There 15 olle tull- tilllc adMItOr wbo both manag&s the day-to-day administration of the Ckjarity and organises fundrnising initiatives. The ren)aining staff also assist with Sjndraising as appropriate. On-going is provided by the Royal Borough of Kensington & Chelsea, Westminster City Council, CNWL and Kensingtoti & Chelsea Foundation. The Charity's projects also generate income. rnakg a SlfiCant contributsonto net itwm¢. The Charity also graL¥lully acknowlcdges the work olindividuat donors, volunteers and Iwal businesses in supporting its aclivities. We are particularly grdtefid to Julia and Hans Rausing for their soUS support at Christmas. Adviee and Guidanee Malrix accredited advice, support. iDfonnation and guidance around mental health and illness provided to any person or orgamsation in need. tnforn]ation sessio, signposting, leaflets and personaE development session5 are provided at the Central Office. In additio the Charity host5 activities of external organisations al the Central Office to further these aims. This ensures that peoples. needs are aCknwICdgcd and met through the provision of holistic, joined_up and easily accessible services.
ST. MARY ABBOTS REHABILITATtON AI¥D TR[N¥c PROJKCTS (SMART) (A Rwtered Charity and Company Limited by c¢¢¢) REPORT OF ThE TRUSTEES CootiDued FOR THE YEAR ENDED 3151 MARC 2023 cOnll1ty Support ST is committed to buildtng resilience in its ¢onunuDity and supponing ind¢pendetKc and empowernnt in its setvice users. To this the ckgamsatt.on has created links 3j partnership5 with mainstream commurlity organisatiotL8 io foster Understa[illg aFK)Ut mentsl illne5$ and widen access ¢0 their activities. The Charity is open every day of the year, I[uding Chn"stsn&s, and offers eveniog and wcckend dmp-in sessions to relieve the s¢xial isolation experienced by those with menta] health tteds. Achievemellts aod perform•n¢e Each year SMART ftvicws its five year business plan with stakcholder5 including scrvicc usets. referral a8¢ncies, fiLnd¢r5 atrf staff to create the annual operntional platL This plan sets targets that fvlfil the Charithble Objecrs aNI meet the needs of service users and fiJnd¢rs. As we emerged forni the paleie we met the cost-of-living crisis head on with a nrtge of activities based on supporting people with fooLt money and advicc. Once again we led a collective of charities, Ial businesses, schoots and Ij1¥1ua1s to ensure that 11886 people in n¢¢d received a Chri$trnas hamper of food and gifts. The work to create a hub from a derelict area in SMART'S building wa5 revised as ptoblems with SMARTS building escalatrd. A new plan to build a wcll-beiDg tentrr. bascd on social enterprise and a connection to naiurc was approved. We a150 en8a8ed in the developtrtent of voluntary and community sector 5erv¢¢es roward5 PersonalisatkOD Transfonnatioll which al5 to provide people with personali%d nk)re e&sily accessible and integrdted cate. We have again introduced more peer-led activities and are on ¢ra¢k with our plan to have SMART largely staffed by its mctrlbers. Thc Trustccs have asscssed and arc of the opinion that the Cbarity is a goillg ¢oncem for at Iwt 12 ttotn date of this TtWTL FinaDcial Review The stament of findnci£l activities shows & loss of of £114.455 for ycar. Tr comparnble prioi year 2022 showed a profit of £245.777. The total fjJDds carried forward tesuld in a surplus of £716,830 (2022= £830,835). Of the5¢ futth £340,136 telated w Restri¢ted Fuods a131st Mar¢h 2023 (2022..£444.581) tn this finan¢ial year we fought and won a ¢laim from HMRC that all of our welfare activities were VAT- able. Wc also supported our stsff with a one•off. cost-of-IiviDg payTreuL Wc fuudcd both of these activitics frotn our reserves and thus our lo&$ year was a considered and lljanaged one. Our fulldraisillg efforts we Successful thi5 year, with SMART achieving IOOOA of is fundrnising wg¢LS through ststutory Ojndin grants, th)n4tions and income froD) its social enterprises. Ri$k MnaE¢ment The TnL5t¢es a¢tively review the rnajor risk5 which the Charity fa¢es on a TegLLlar b&si5 an4 cornbi[d with an annual review of the controls over key financial &Ster[L$. will provide sufficient resour$ in the event of adverse conditiotL%. The Trustecs have also cxarnÈned other opcrdtional and business risks faced by the Charity ¢onfirni that they bave estab1ished.t¢rn$ to mitigate the significaot risks. Re5erv¢s Policy SMART'5 reserves policy is to maintain Sufficient level of reserves to enthle operating activities to be mainthined. taking account of potenual risks and coAtingencies thai rtHy arise from lime to time. Th¢ Trustees fttl that the genernl r&erves at 31st March 2023 of £376244 mtets this level. The policy is revitwcd annuatly by the Tnte¢s. In additiou, 3tnounts arc Set a5idc io meet financial risk5 associated with potrntial contingeie$ and un¢¢rt¥inti¢s Telating th¢ Charity5 op¢rdting a¢tiviiies.
ST. MARY ABBOTS REHABILITATION AND TRAINING PROJECTS ISMART) (A Reglstered Charity and Company Llmlted by Guarantee) REPORT OF THE TRusfEES CoDtinu¢d FOR THE YEAR ENDED 31st MARCH 2023 The Future SMART WOTks to a five-year b1n¢$$ plan aad reviews its operational plan annually. We proactively seek feedback from our siak¢holdeTS and monitor out¢omes to ¢usure seryices meei the ne& of our community and fulfi51 our Charitable objecttves. The transfonnation of mental hulth servic¢s has se¢n us take on a number of new contrdcts to work in partnership with the NHS and voluntary sector. We have a]so developed services to meet the challge of the cost-of-livillg crisis and rise in mental illness following the pand¢mi¢. SMART is working intensively with Health attd Social Care parthers to influence and support the new strategic directions of both parti¢s. We are playing an a¢tive rol¢ rn the Place-b&%ed Parttiersbip and ensuring the lived experience and needs of our members is heard and resp)nd¢d to. Through good planning* SMART is weathering the tougb economic conditions well and has a good range of diversified fijndillg sources to support its activities. D5reeton attd Trn$tees Memixrn of the nwugement ¢oiYunitiee, who are Dirtttors for the PUkPW of Company Law atLd Trustees for the purpose of Charity tAW who suved during th¢ year attd up to the date of this report. are set out on page ne. Members of the charitable company guarantee to contribute an amount oor exceeding £1 to the assets of rh¢ C11ble company in the eveni of winding up. The total number of such aranteeS at 31 March. 2023 was 4. Statement of Direetors, Responsibilities Cornpany law requires the Directors to pryare the Directors. Rewl aThd financial statements in accordance with applicable law and regulations and in acc4)rdaDce with unit Kingdom Generally Accepted Accounting Practice for ¢aclL fUnCIal year. which give a tDJe and fair view of the state of affairs of the Cotnpany and of the net loss of the Company for that period. In prep&ing those finat]cial statements. the Directors are required selt suitable a¢¢ounting policies and apply them CODSiStently. Make judgetnents and accounting estimates that are reasorLable artd pruden4 Stst¢ wh¢th¢r applicable accounting sÈalldards have been followed. subject to any matetial departure disclosed and explain in the Financial Statements Prepare the fmancial statements on the going concern basis unless it is inappropnat¢ to assume that the Charity 111 ¢ontttiue in operntion. The Directors are reswnsibl¢ for keeping proper a¢¢ounting rrdS whi¢h dis¢lose with rwonable accuracy ai any time the fmancial FK)sition of the Cornpany and to enable theTn to ensure that the Financial Slatrments comply with the Compani&4 Act 2(Xi6. They are also rtsponsible for safesuarding the aytsets of thc Cornpany and h¢n¢e for thking rwonable sty for the prevMtion and detction of fraud and oth¢r irregularities. Statemeu¢ as to Disclosure of InforntiOll ¢0 Auditor• So far as the Directors aTe aware. there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the Compan$ auditors ar¢ Uttawa. and each Director has tsken all the steps that he or she ought to have taken as Director in order to m¥ke himself or herself aware of any relevant &udit inforniation and lo tabliSh ihat the Companys auditOTS are awar¢ of that infonnation.
ST. MARY ABBOTS REHABILITATION AND TRAINING PROJECTS (SMART) (A Registered Charity #nd Compally Limited by Guargntee) REPORT OF THE TRUSTEES Continued FOR THE YEAR ENDED 31st MARCH 2023 Auditors JetTrey Alttnan & Company. Charterejj Accountants. were reappointed as the Charitable Cgtnpanys auditor during the year and have expressed their Willingn to continue in that capacity. This report has been prepared in accordance with the spla1 provisions of Part 15 of the Companies A¢t. 2006 relating to small companies. Approved on half of the Board by: Mr Gijsbertu . van Loo Direttor and Chalr of Trustees 29th November, 2023
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ST MARY ABBOTS REHABILITATION AND TRAINING PROJECTS (SMART) A COMPANY LIMITED BY GUARANTEE STATEMENT OF FtNANCIAL ACTIVITIES (fNCLUDfNG INCOME AND EXPENDITURE ACCOttNT) FOR THE YEAR ENDED 315t MARCH 2023 2023 Unrestricied Restricied Funds Funds unstrICte¢ Fund Total NOTE INCOMING RESOURCES Donations, legacies and similar resources Charitable Aetivities Investment Income Bank Interest Receivable Rental Income Total Incoming Resources 1.157 15.085 1,107,917 1,109.074 15,085 13,470 11.785 649 975 649 975 17.866 1,107,917 1.125.783 25,255 RESOURCES EXPENDED Charitable activities 27,876 ,212,362 1,240,238 12,955 NET (OUTGOllYGVINCOMING RESOURCES BEFORE TRANSFERS 9 Transfers betiween funds Taxation (Io.010) (104,445) (114,455) 12.300 (414) NET MOVEMENT I1¥ FUNDS (i 0,01 o) (104,445) 386,254 444,581 340.136 (114.455) 830,835 716,380 11,886 374,368 386,254 Fund balanc¢s at I st April, 2022 Fund balances at 31 st March, 2023 376.244 coiYriNUING OPERATIONS None of ihe Charity's activities were acquired or discontinua during the above two financial years. The ststement of financial aciivities includes all gains and losses recognized in the year.
Com ST. MARY ABBOTS REHABILITATIOIY AND TRAINING PROJEcfs (SMART) A COMPANY LIMITED BY GuARArEE an No: 2927 BALANCE SHEET AS AT 31st MARCH 2023 2023 2022 NOTE Tangible Assets io 4,155 5,338 CURRENT ASSETS Stocks Debtors Cash at Bank and in Hand 320 196.105 1,097,061 .293,486 350 160.491 708,536 869.377 CURRENT LIABILITIE Creditors - amounts falling due within one year 12 581,261 43.880 RRENT A SET 712.225 825,497 TOTAL ASSETS LE URREprr LIABILITIES 716.380 830,835 NET ASSETS £ 716,380 £ 830.835 RESERVES UDreslrieied funds General funds 13 13 376.244 340.136 386.254 444.581 Restricted funds £ 716.380 £ 830,835 These accounts are prepared in accordance with the provisions applicable to Companies subject lo th¢ small cornpani¢s regime of Companies Act 2006. Approved by t Trustees on 29th November, 2023 and signed on their behalf by: Mr Gij5 Direct . van Loon r and Trustee The notes on pages 9 to 12 fonn part of these accounts.
ST. MARV ABBOTS REHABILrrATION AND TRAINING PRIIIECTS (SMART) A COMPANY LIMITED Y GUARANT CASH FLOW STATEMENT R THE YEAR ENDED 31 T MARCH 2 23 2023 2022 ASH fNF WFR Nei eXndIture Lkp1atI0n Int¢r£st Rettiv¢d DetteslIncrcseI in debtor5 De£3$e]{ln¢re%tI in strKk {DecrEase)lln¢r& in ctcditws (Excludin8 loAns and finance It&) N¢1 ¢a$h inflo* from op¢ratiNg•¢tiviti MOP AcrtVlTI (114,455) 245.777 1,780 (6491 {35.6141 30 1148.343) 537.381 387 876 29.592 128.806 ASH tNFL WS FROM JNVESTIN Interest received Paymenrs to 8¢qiiire rangibl¢ red assets IVITI 649 649 M FINAN ING ACTM L¢> repayments CHANGE JN CASH AND CASH E UIVALENTS £38&525 £128.8 Cosh as at IM April. 2022 Cosh a5 ai 51 March, 2023 708 536 £1,097,061 579,730 £708,536 io
ST. MARY ABBOTS REHABILrrATION AND TrAINtNG PROJECTS (SMART) A COMPANY LIMITED BY GUARANTEE NOTES TO THE AccoifNTS FOR THE YEAR ENDED 31 st MARCH ?023 I. ACCO-'NTING POLICIE The accounting policies set out below have len applied coThgistently by the Charity in the PTeparation of its Accounts. (a) BLSiS of Aecountin The Aunts have been prepared in accordance with The Financial RetIng Standard 102 applicable in the UK and Republic of Ereland. the Ch8rities SORP IFRS 102) and under the Historical Cost Convention and in a¢cordan¢e with the accnthls Concept of accountin& whereby both income and expenaiture are recognised as they are earned 8nd incuTreJJ. {b) Fixed Assets and De re¢iation Tangible Fixed Assets are ststed at either purcha8e price, open market value or witalized at the value at Wikich the gift w&8 included in income, less a charge for depreciation calculated at the following ral¢s on the reducing bala[e $0 &$ to write them off over their estimated useful live5. Plant and Equipmenl per annvm Fixtures and Ftttinss 25•A per annum hariiable Income Volurary income ts received by way of donations and gifts.and 15 included in fvll in the Siatement of Fillancial ActiVLties when receivable. The value of servi$ provided by volunt¢eTS has not been included. Credit is taken in the Accounts for donloT legacies when the corlditions for r¢¢¢ipl are met an¢i there is a reawnable assurartce of receipt. Don&ion5 and grants for a parti¢ulat purpose are (d) TatIOn As a registered Charity. the cMpanY is not liable to tsX8tion on its income. (c) Funds held by the ChaTity aTe either: . Unrestri¢iedgenen71ftsthls - these are funds which can be used in ac¢ordarKe with the ¢haritable objects at the discretion of the Trustees. . DesignJiedfvnds - these ar¢ funds set 8sid¢ by the TrStee$ out of W¢ted 8enerdl fund.. for srecific future purposes or proiects. • RtriCiedfvKF - these are fimds that can only be used for particular re5tri¢ted purFrf)S¢S Within the obiects of the Charity. Restric'Ltons aris¢ when 5Dxified by the donor or when funds are raised tor particular Testricted PUTposes. (fj Resources Ex nded Resou¢$ expended ar¢ irt¢lud¢d in the Statement of Financia] Activitie5 on an ¢rya15 basi inclusive of any VAT which cannot be r)vered. Certain expenditure ks directly attributable to specific activities and has been included in those ¢ost ategories. Certain other costs. which are attributsble io more than one activity. aTe apportioned acr05S cost categories on the basis of an estimation of the proportion of time spent on those ?.ctivities. Govemmenl costs include those incurred in the goveman¢e of the Ch8Tity and its &%sets and 8Te primarily associated with ConstitIOnal and statutory requirements. iyed All atrigdnts rtteived or ceiVable by way ofgrant have been offset against the related expenditure within the Ststement of Finartcia] A¢tiYitites for revenue items.
ST. MARY ABBOTS REHABNATIOP4 AND TRAINING PROJECTS (SMART A COMPANY LIMITED BY GUAIL4NTEE NOTES TO THE Accouyfs FOR THE YEAR ENDED ISIMAR AI. STAT SOFT HARITV The Charity is a Company limiied by guarnnttt and hNs no sharc Tht liability of eath m¢mber in th¢ eveni of winding up is lirnited io £1. The Charity wa5 incowporawl in the U.K. BLIC BENEFIT The Charity congitutes a public b¢n¢fit ¥ defiTh¢d by FRS 102. The re8iAeted address 15 that of.. The Basement. IS Gertrude Street. London. SWIO OJN 4. GOIN CONCERN Th¢ financial statemts have prepued a 80ing cL¥Kern FAlSi& 11)e truAee5 cOrlderthat ihc chtty holds 5uffic5ent reser5 to de¢m the going ¢onccrn bas¥$ appropw¢ for at lea 12 months from th¢ d8t¢ of this r¢port. S. IN OMING RF URCFS UnTestrided Resknacd Funds Unre#TiCtl Restriutd Fun To Royal Borou8h of Kthsin8ton and CheLa - Grants Incon2e from vaTiOU5 proi¢aS dub 4¢tivities Other Gran¢5 Reccivcd SMART B)d Gentral Donations Rtntaj lrt¢ome Bank In(cYst Rcceived CoronaviTU$ 19b Rdetition Stheme G 276.1 27AI 349,195 349,195 15,085 15.085 831.848 11.785 11.785 888,459 831.848 888.459 1.157 975 649 1.157 975 649 2,378 4,378 17.866 £ 1,107.917 £ 1.125.783 & ANALYSIS OF TOTAL RESOURCES EXPENDED 25.255 £ 1.239.654 £ 1.264.909 Charitable Activities Supp Charitablt SuPrt os Staff costs Garden, rafé and pa&)girtg Various projew.s athl club5 SMART Band Training and cothfer¢D¢¢ Premises Communications Leg and pr)fes>ion41 Audi¢ fees Motor and irav¢l Office eXF¢nscs and g¢nvaJ repaiTS PrinuD& posttge st¥ionery tkpreciaiion AdministT&tion and services Finan¢¢ costs 959.287 7J41 121J64 959.287 7.341 121,364 728,964 6.683 115.J44 414 33,596 24.660 11.550 728,964 6,683 115.544 414 33,596 24,660 11.550 7.705 5,250 207 827 827 34.433 49,112 49.112 28,042 30,419 30,419 1.183 1,780 1,780 4.845 4.845 2,526 2.526 301 301 102 102 £1,212.362 £27.876 £1.240.238 £1.006.l77 £1019.132 In addition io the expens¢s abo there is an estimawj ¢ost o(£Nil ttlatirtg volunteu wwkus who help SMART ellch and ¢very day of the y¢ar_ 15,996 12.802 6.561 I5.SWJ6 12.802 6.561 19.826 8.050 207 54.433 28,012 19.826 8.050 7.705 5.250 £12955 12
ST. MARY ABBOTS REHABILATION AND TRAINING PROJECTS {SMART) A COMPATr4Y LIMJTED BY GUARAiITEE NOTES TO THE ACCOUNTS FOR THE ED31stM RC 22 7. STAFF COSTS AND TRUSTEES REMIJNE Salaries and Wages Pension Social sety Costs TION 896.01)0 10.932 52,355 665.677 10,932 52,355 £959.287 £728,964 No sin2le employee received total emoluments in excess of £60.0(J) (2022: £Nil) The total emoluments for key management personnel totslled £57.432 (2022.. £5) J28} The Trustee were not paid or reimbursed for expens¢5 during the year (2022: £Nil) SMART staff sts represent go¢xl value for mon¢y &$ staff time is spent aimost entirely on delivering the Charity's aims and objective5. & STAFF NUMBERS The averdge numiw of full-time equivalent employees. including CUal and part-time staff. during the year was... 02) Manag¢me+ and administrdtion Training PToje¢t worke Cafe and ¢ai¢ring Gardening and floristy l.T. proj¢c. 32 23 38 2023 30 2022 9. NET Iiy RESOUR This is siaied after crediting.. Auditors, Remuneration Depreciation of Tangibl¢ Fixed Assets - owned JO. FIXED ASss Tangible R THE YEAR 8,050 1,183 5.250 1.780 Plant Fixiures Filtin Total COST OR VALUATION Balance as at l April, 2022 Addiiions in the year Balance as at i l March. 2023 DEPRECIATIOiY Balance a5 at l April. 2022 Charge for the year Balance &8 ai 31 marc 2023 NET BOOK VALUE As at 31 March. 2022 As at 31 March. 2023 59,982 46,549 106.531 46,%49 106.531 56.949 607 44.244 576 44,820 101.193 1,183 102.376 £2.305 £4.155 13
ST. MARY ABBOTS REHABILITATION AND TRAINING PROJECTS (SMART) OMP NY LIMITED BY GUARANTEE NOTES TO THE ACCOUNTS FOR THE YEAR ENDEf) 3 1st MARCH 2023 I I. DEBTORS- amounts fatling due l¢bill olle yer Trdde d¢biors Other debtors Prepayments and accrued inu)m¢ 7.524 159,448 1,043 188.581 £196,105 £160,491 12. REDITORS- amt)4ts falllng dut with1 yur Trad¢ ¢red¥tors Taxation and social security costs Accrnals t..d Deferred income Othtr creditors 27,353 67.500 8,050 8.477 £4i,880 4.644 £581.261 13. MOVEMENT F FUNDS IN THE YEAR UnStrICted Funds Restricted Fun SMART Band Fund Genern] Project Fund Fund Total At l Aprtl 2012 Income i.-. the year 386254 17,866 4114.120 27.876 444.581 1,107,917 1.552.498 1.212.362 340.136 830.835 1.125.783 1,956,618 1.240,238 716,i80 Expenditure in the year Transfers At 31 March 2023 £376244 £340.136 £716.380 The project fund fulfils grant contracts received to provide services io the Borough &$ derailed ' agreed means of deliv¢ry ststemeni. 14. ANALYSIS OF NET ASSETS BETWEEN FUNDS General Restricted Fund Funds Total Funds Tangible fixed &ssets CuTrent assets Current liabiliiies 4.155 917.242 (581.261 4.155 1,293.486 (581,261) £716.380. 376244 £376,2M 15. ONTINGENT LIABILITIES There weff no contingent liabililies as at 31 Maffh 202312022- £Nil). 16. RELATED PARTIES There wete no related parry transxtions during the year to 31 March 2023 (2022- £Nil). 14