REGISTERED COMPANY NUMBER: 02235097 (England and Wales) REGISTERED CHARITY NUMBER: 298984
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
FOR
YOUNG CONCERN TRUST
Marsh Solutions Limited 82 Berechurch Hall Road Colchester Essex CO2 8RF
YOUNG CONCERN TRUST
CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 March 2023
| Page | |
|---|---|
| Report of the Trustees | 1 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 to 7 |
| Cash Flow Statement | 8 |
| Notes to the Financial Statements | 9 to 16 |
| Detailed Statement of Financial Activities | 17 to 18 |
YOUNG CONCERN TRUST
REPORT OF THE TRUSTEES for the year ended 31 March 2023
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
To promote the care and protection of the mental health and welfare of young persons who are in need of such care and attention by the provision or assistance in the provision of counselling, educational activities and therapeutic and related services.
Public benefit
The Trustees of YCT take due regard to the requirement that the charity operates in ways that provide public benefit. Trustees are aware of the guidance around public benefit and take it into account when making decisions to which that guidance is relevant.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The Trust's core staff team is based at YCT House in Harlow, YCT's purpose-designed premises from which the team operates and at which some therapeutic input is delivered. A large team of specialist self-employed therapists work on YCT's behalf in a range of locations across Essex and Hertfordshire. The Trust's work is delivered through a range of therapeutic models assessed as being relevant to the particular client or client group. Nationally-accredited tools are used to measure the impact of YCT's services; they and anecdotal feedback from YCT's stakeholders, demonstrate the beneficial outcomes of YCT's interventions. Early intervention in emotional and mental health issues, such as those provided by YCT, can prevent the escalation of more serious conditions, ensuring better outcomes for children and young people and saving the public purse the cost of more expensive and time-consuming treatments. In addition to individual and group work with children and young people, YCT supports and trains professional colleagues. Amongst other factors YCT monitors presenting issues, local need, youth culture, government initiatives etc. in order to ensure that its current and future services are appropriate, beneficial and part of the overall 'offer' to children and young people. During 2022/23 the number of clients supported by YCT was 1,648 through the delivery of 11,581 hours of therapeutic input.
During 2022/23, following the effects of the Covid pandemic, YCT has seen an increasing number of referrals for children aged 5-10 years to whom play therapy has been offered. Increases in therapeutic hours have been offered wherever possible, for which additional permanent staff have been employed and changes to YCT's staffing structure implemented to ensure it remains effective and fit-for-purpose. Funding for commissioned work has been maintained, as have contracts with schools to provide the therapy needed.
FINANCIAL REVIEW
Financial position
YCT is in a sound financial position which allows the organisation to make positive development plans for the future. Moving forward the YCT Board aims to ensure that existing contracts continue to be delivered fully and effectively responding to the needs of children, young people and their families. YCT plans to stimulate greater funding income through the recruitment of a Fundraising and Communications Officer. The development of further relevant services, along with the expansion of current services is planned, in line with the organisation's charitable objectives. YCT is finalising its 5 year Strategic Plan to achieve and monitor this.
Principal funding sources
The YCT Board continues to be appreciative of those who fund or commission YCT's services and of its loyal, committed, and flexible staff team, volunteers, and self-employed therapists.
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YOUNG CONCERN TRUST
REPORT OF THE TRUSTEES for the year ended 31 March 2023
FINANCIAL REVIEW
Reserves policy
The Trustees of YCT recognise that funds gained by the charity are to be used for the public benefit, and should not be held back or kept in reserve without good cause.
YCT holds reserves as follow:
Fiscal Responsibility Fund: Once per quarter Trustees consider and approve a sum of money needed to shut the charity down effectively if such circumstances were forced upon it.
- In order to support the sustainability and long-term development of YCT the Trustees also hold funds based on a) development of the organisation b) sustainability of the organisation and c) future building and accommodation needs. o Development Fund £50,000 o Sustainability Fund £49,635 o Premises Fund £100,000 o Fiscal Responsibility Fund £83,346
The Trustees believe that YCT is in a sound financial situation with a broad funding base and with an ability to effectively react to changing circumstances
Going concern
The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
The Trust is governed by its Memorandum and Articles of Association.
Organisational structure
Responsibility for YCT's operation lies with the Board of Management which meets regularly throughout the year. The role of the Management Board is to set the strategic direction of the organisation, to oversee its finances, to ensure compliance with all relevant guidance and legislation, to have in place policies and procedures relevant to the staff, self-employed therapists and volunteers, to the organisation's function, and give advice and support in specialist areas. The Management Board regularly reviews its Reserve Fund, ensuring that this equates to an amount needed to adequately close the organisation down should circumstances made that necessary.
Decision making
Regular reports to the Board of Management, including feedback on the results of tools used to measure the impact of the various pieces of work delivered by the organisation, allow the Board to ensure that the work delivered by YCT continues to support its charitable objectives.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
02235097 (England and Wales)
Registered Charity number
298984
Registered office
YCT House Maddox Road Harlow Essex CM20 3GA
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YOUNG CONCERN TRUST
REPORT OF THE TRUSTEES for the year ended 31 March 2023
Trustees
L Collins N Frost - Vice Chair M Ingall C J Liggins - Treasurer A Linton S J Livings J H Miles - Chair N Varnam - Company Secretary
Independent Examiner
Marsh Solutions Limited 82 Berechurch Hall Road Colchester Essex CO2 8RF
Solicitors
Attwater Jameson & Hill Rothwell House West Square The High Harlow, Essex CM20 1LQ
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 4[th] October 2023 and signed on its behalf by:
Julia Miles Julia Miles (Oct 30, 2023 17:48 GMT) ........................................................................ J H Miles - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF YOUNG CONCERN TRUST
Independent examiner's report to the trustees of Young Concern Trust ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Association of Accounting Technicians which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
OusS>
Christopher Marsh MAAT Association of Accounting Technicians Marsh Solutions Limited 82 Berechurch Hall Road Colchester Essex CO2 8RF
Date: 30[th] October 2023
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YOUNG CONCERN TRUST
STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2023
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 361 Charitable activities General charitable activities 496,817 Investment income 3 2,556 Other income 5,880 Total 505,614 EXPENDITURE ON Raising funds 5 10,920 Charitable activities 6 General charitable activities 467,460 Total 478,380 NET INCOME/(EXPENDITURE) 27,234 RECONCILIATION OF FUNDS Total funds brought forward 381,925 TOTAL FUNDS CARRIED FORWARD 409,159 |
Restricted funds £ 16,681 47,136 - - 63,817 - 65,902 65,902 (2,085) 25,001 22,916 |
31.3.23 Total funds £ 17,042 543,953 2,556 5,880 569,431 10,920 533,362 544,282 25,149 406,926 432,075 |
31.3.22 Total funds £ 18,060 490,326 77 1,990 510,453 10,196 471,769 481,965 28,488 378,438 406,926 |
|---|---|---|---|
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
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YOUNG CONCERN TRUST
BALANCE SHEET 31 March 2023
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 12 14,976 CURRENT ASSETS Debtors 13 42,484 Cash at bank and in hand 508,275 550,759 CREDITORS Amounts falling due within one year 14 (156,576) NET CURRENT ASSETS 394,183 TOTAL ASSETS LESS CURRENT LIABILITIES 409,159 NET ASSETS 409,159 FUNDS 15 Unrestricted funds: General fund Fiscal Responsibility fund Premises fund Sustainability fund Development fund Restricted funds TOTAL FUNDS |
Restricted funds £ 22,916 - - - - - 22,916 22,916 |
31.3.23 Total funds £ 37,892 42,484 508,275 550,759 (156,576) 394,183 432,075 432,075 126,178 83,346 100,000 49,635 50,000 409,159 22,916 432,075 |
31.3.22 Total funds £ 43,280 116,567 375,858 492,425 (128,779) 363,646 406,926 406,926 248,180 40,505 13,605 49,635 30,000 381,925 25,001 406,926 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
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continued...
YOUNG CONCERN TRUST
BALANCE SHEET - continued
31 March 2023
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 4[th] October 2023 and were signed on its behalf by:
Julia Miles
Julia Miles (Oct 30, 2023 17:48 GMT) ............................................. J H Miles - Trustee
Claire Liggins
Claire Liggins (Oct 30, 2023 18:08 GMT)
.............................................
C J Liggins - Trustee
The notes form part of these financial statements
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YOUNG CONCERN TRUST
CASH FLOW STATEMENT for the year ended 31 March 2023
| Notes Cash flows from operating activities Cash generated from operations 17 Net cash provided by/(used in) operating activities Cash flows from investing activities Purchase of tangible fixed assets Interest received Net cash used in investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
31.3.23 £ 138,844 138,844 (8,983) 2,556 (6,427) 132,417 375,858 508,275 |
31.3.22 £ (37,876) (37,876) (6,951) 77 (6,874) (44,750) 420,608 375,858 |
|---|---|---|
The notes form part of these financial statements
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YOUNG CONCERN TRUST
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements and assessment of going concern
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
The financial statements are presented in £, Pound Sterling
Income
Income from non-contractual services is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Income from contractual services is recognised in the accounting period to which it relates with any balance being deferred.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Straight line over 15 years Fixtures and fittings - Straight line over 3 years
Taxation
The charity is exempt from corporation tax on its charitable activities.
Debtors
Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid.
Cash at bank and in hand
Cash at bank and in hand includes cash, current bank accounts and deposit bank accounts with no withdrawal limitations.
Creditors
Creditors are recognised where then charity has a present obligation resulting from a past event that will result in the transfer of funds to a third party and the amount
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
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YOUNG CONCERN TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023
1. ACCOUNTING POLICIES - continued
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. DONATIONS AND LEGACIES
| Donations Grants Grants received, included in the above, are as follows: Diana Kemp Welch Award Other Grants 3. INVESTMENT INCOME Deposit account interest 4. INCOME FROM CHARITABLE ACTIVITIES Activity Grants General charitable activities Counselling Income General charitable activities Training Income General charitable activities Project income General charitable activities Grants received, included in the above, are as follows: Children in Need Essex County Council - Youth Services Harlow District Council - Partnership Grant Other Grants |
31.3.23 £ 361 16,681 17,042 31.3.23 £ 4,000 12,681 16,681 31.3.23 £ 2,556 31.3.23 £ 50,636 491,193 534 1,590 543,953 31.3.23 £ 39,216 3,500 7,920 - 50,636 |
31.3.22 £ 9,266 8,794 18,060 31.3.22 £ 7,169 1,625 8,794 31.3.22 £ 77 31.3.22 £ 60,673 429,653 - - 490,326 31.3.22 £ 45,374 2,500 10,000 2,799 60,673 |
|---|---|---|
continued...
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YOUNG CONCERN TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023
5. RAISING FUNDS
| Raising donations and legacies Staff costs 6. CHARITABLE ACTIVITIES COSTS General charitable activities 7. SUPPORT COSTS General charitable activities 8. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets Independent Examination |
Direct Costs £ 507,305 |
31.3.23 31.3.22 £ £ 10,920 10,196 Support costs (see note 7) Totals £ £ 26,057 533,362 Governance costs £ 26,057 31.3.23 31.3.22 £ £ 14,371 12,425 1,300 1,300 |
|---|---|---|
9. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
10. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 31.3.23 | 31.3.22 | |
|---|---|---|
| All staff | 8 | 7 |
No employees received emoluments in excess of £60,000.
continued...
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YOUNG CONCERN TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2023
10. STAFF COSTS - continued
| Wages and salaries Therapists Other pension costs |
31.3.23 £ 243,270 215,790 8,393 467,453 |
31.3.22 £ 166,534 217,815 5,936 390,285 |
|---|---|---|
Key Management
The trustees consider the role of Key Management to be those of CEO and Lead Therapist. During the year the Key Management received remuneration of £83,866 of Gross Wages, £3,276 of Pension Contributions and incurred £9,530 of Employers National Insurance contributions (2022: Remuneration of £45,388 of Gross Wages, £1,889 of Pension Contributions and incurred £5,098 of Employers National Insurance contributions.)
11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 10,891 Charitable activities General charitable activities 432,155 Investment income 77 Other income 1,990 Total 445,113 EXPENDITURE ON Raising funds 10,196 Charitable activities General charitable activities 400,179 Total 410,375 NET INCOME/(EXPENDITURE) 34,738 RECONCILIATION OF FUNDS Total funds brought forward 347,187 TOTAL FUNDS CARRIED FORWARD 381,925 |
Restricted funds £ 7,169 58,171 - - 65,340 - 71,590 71,590 (6,250) 31,251 25,001 |
Total funds £ 18,060 490,326 77 1,990 510,453 10,196 471,769 481,965 28,488 378,438 406,926 |
|---|---|---|
continued...
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YOUNG CONCERN TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2023
12. TANGIBLE FIXED ASSETS
| Freehold property £ COST At 1 April 2022 148,046 Additions 3,900 At 31 March 2023 151,946 DEPRECIATION At 1 April 2022 109,637 Charge for year 10,130 At 31 March 2023 119,767 NET BOOK VALUE At 31 March 2023 32,179 At 31 March 2022 38,409 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Other debtors Prepayments 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Social security and other taxes Other creditors Accruals and deferred income Accrued expenses |
Fixtures and fittings £ 25,824 5,083 30,907 20,953 4,241 25,194 5,713 4,871 31.3.23 £ 38,771 - 3,713 42,484 31.3.23 £ 7,367 7,099 15,991 105,329 20,790 156,576 |
Totals £ 173,870 8,983 182,853 130,590 14,371 144,961 37,892 43,280 31.3.22 £ - 112,805 3,762 116,567 31.3.22 £ - 4,825 291 97,844 25,819 128,779 |
|---|---|---|
The balance of deferred income relates to multi-year or non-coterminous contractual grants for counselling services as per the accounting policy set out in note 1.
continued...
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YOUNG CONCERN TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023
15. MOVEMENT IN FUNDS
| Unrestricted funds General fund Fiscal Responsibility fund Premises fund Sustainability fund Development fund Restricted funds YCT Property Fund TOTAL FUNDS Net movement in funds, included in the above are Unrestricted funds General fund Restricted funds BBC Children In Need Fund YCT Property Fund Counselling Funds TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Fiscal Responsibility fund Premises fund Sustainability fund Development fund Restricted funds YCT Property Fund TOTAL FUNDS |
At 1.4.22 £ 248,180 40,505 13,605 49,635 30,000 381,925 25,001 406,926 as follows: |
Net movement in funds £ 27,234 - - - - 27,234 (2,085) 25,149 Incoming resources £ 505,614 39,216 - 24,601 63,817 569,431 At 1.4.21 £ 213,442 40,505 13,605 49,635 30,000 347,187 31,251 378,438 |
Transfers between At funds 31.3.23 £ £ (149,236) 126,178 42,841 83,346 86,395 100,000 - 49,635 20,000 50,000 - 409,159 - 22,916 - 432,075 Resources Movement expended in funds £ £ (478,380) 27,234 (39,216) - (2,085) (2,085) (24,601) - (65,902) (2,085) (544,282) 25,149 Net movement At in funds 31.3.22 £ £ 34,738 248,180 - 40,505 - 13,605 - 49,635 - 30,000 34,738 381,925 (6,250) 25,001 28,488 406,926 |
|---|---|---|---|
continued...
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YOUNG CONCERN TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2023
15. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds BBC Children In Need Fund Essex Educational and Community Settings YCT Property Fund TOTAL FUNDS |
Incoming resources £ 445,112 45,374 19,967 - 65,341 510,453 |
Resources Movement expended in funds £ £ (410,374) 34,738 (45,374) - (19,967) - (6,250) (6,250) (71,591) (6,250) (481,965) 28,488 |
|---|---|---|
The fiscal responsibility fund is a reserve fund designated by the directors in order to protect against any sudden loss of income. The amount of reserves is set so as to enable the company to meet all staff redundancy costs plus a provision for legal costs associated with the winding up of the organisation.
The Premises Fund was designated by the Directors to provide for any future large scale refurbishment or repair work.
The Sustainability Fund was designated by the Directors to support core costs of the organisation during a period of significant transition.
The Development Fund was designated by the Directors as a provision for the future development of the organisation with a view of generating increased income streams in order to add further stability.
Essex Educational and Community Settings fund is for the restricted income relating to one to one counselling in schools, academies, specialist schools, alternative educational establishments, and colleges. West Essex CCG funds are for one-to-one play therapy for children aged 5-10 and one to one counselling for young people aged 11-18 living in Harlow, Epping Forest and Uttlesford. Harlow Council Partnership Grant supports one to one counselling support for 11 - 25-year-olds in Harlow.
Children in Need fund provides counselling for young people living within Harlow and surrounding villages who are aged 11-19
16. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2023.
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YOUNG CONCERN TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2023
17. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| ACTIVITIES | |||
|---|---|---|---|
| 31.3.23 | 31.3.22 | ||
| £ | £ | ||
| Net income for the reporting period (as per the Statement of Financial | |||
| Activities) | 25,149 | 28,488 | |
| Adjustments for: | |||
| Depreciation charges | 14,371 | 12,427 | |
| Interest received | (2,556) | (77) | |
| Decrease/(increase) in debtors | 74,083 | (64,261) | |
| Increase/(decrease) in creditors | 27,797 | (14,453) | |
| Net cash provided by/(used in) operations | 138,844 | (37,876) | |
| ANALYSIS OF CHANGES IN NET FUNDS | |||
| At 1.4.22 | Cash flow | At 31.3.23 | |
| £ | £ | £ | |
| Net cash | |||
| Cash at bank and in hand | 375,858 | 132,417 | 508,275 |
| 375,858 | 132,417 | 508,275 | |
| Total | 375,858 | 132,417 | 508,275 |
18.. ANALYSIS OF CHANGES IN NET FUNDS
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