| Contents | Page |
|---|---|
| Reference andAdministrative lnformation | 4 |
| Report of theTrustees | 5 |
| lndependentAuditorsReport | 2I |
| StatementofFinancialActivities | 23 |
| Balance Sheet | 24 |
| StatementofCashFlowsand ConsolidatedStatementofCashFlows | 25 |
| Notesto theFinancialStatements | 26 |
| 2024 | 2023 | ||
|---|---|---|---|
| Note | UnrestrictedRestricted FundsFundst Total Fundsf |
Total Funds € |
|
| t | |||
| Income Donations |
1,186 1,186 |
8,448 | |
| Othertradingactivities | 2 | '11,563 11,563 |
5,791 |
| lncomefromcharitableactivities | I | 8,584,97758,8508,643,827 | 7,153,413 |
| lnvestmentsincome:interest | |||
| receivable | 13,893 13,893 |
9,391 | |
| Otherincome | 2,460 2,460 |
11,938 | |
| Total income | 8,614,07958,8508,672,929 | 7,188,981 | |
| Expenditure | |||
| Expenditure on raisingfunds. | |||
| FundraisingandpublicitY | 37,687 - 37,687 |
26,482 | |
| Expenditure oncharitableactivities | 5 | 8,631,082 88,8248,7'19,906 |
7,477,966 |
| Total Expenditure | 8,668,76988,8248,757,593 | 7,504,448 | |
| Netincome | 6 | (54,690) (29,974)(84,664)(315,468) |
|
| Transfersbetweenfunds | 13114 | (2,0e1) 2,091 |
|
| Netincome/(expenditure)and net lnfundsfortheyear |
movement | (56,781) (27,833)(84,664)(315,468) | |
| Reconciliation offunds | |||
| Totalfundsbroughtforward | 4,477,68069,9274,547,607 | 4,863,075 | |
| Totalfundscarriedforward | 13 | 4,420,89942,0444,462,943 | 4,547,607 |
| Balance Sheet As at31March2024 |
|||
|---|---|---|---|
| Notes | 2024 | 2023 | |
| I | Ê | ||
| Fixedassets | |||
| Tangible assets | I | 2,413,209 | 2,597,121 |
| Currentassets | |||
| Debtors | 10 | 1,715,150 | 1,153,008 |
| Cash at bank and in hand | 1,184,399 | 1,400,870 | |
| 2,899,549 | 2,553,878 | ||
| Creditors:amountsfallingduewithinoneyear | 11 | 849,815 | 603,392 |
| Netcurrentassets | 2,049,734 | 1,950,486 | |
| Total assetslesscurrent liabilities | 4,462,943 | 4,547,607 | |
| Greditors:Amountsfallingdueafter1year | 12 | ||
| Netassets | 4,462,943 | 4,547,608 | |
| Funds | |||
| Unrestricted funds | 13 | 4,420,899 | 4,477,680 |
| Restricted funds | 13t14 | 42,044 | 69,927 |
| Totalfunds | 15 | 4,462,943 | 4,547,607 |
| Statement ofCashFlowsand ConsolidatedStatementofCash Flows Fortheyearending 3'lMarch2024 |
||
|---|---|---|
| Notes | 2024 | 2023 |
| Cash usedinoperatingactivities(a) | (204,1e3) | (403,95e) |
| Cashflowsfrominvestingactivities | ||
| lnterestincome | 13,893 | 9,391 |
| Purchaseoftangiblefixedassets | (26,171) | (5e,082) |
| Cash provided by(usedin)investing activities | (12,278) | (4e,691) |
| Cashflows from financing actívities | ||
| Repayment of borrowing | ||
| Cash usedinfinancingactivities | ||
| lncrease/(Decrease)incashandcash equivalentsinthe year | (216,471) | (453,650) |
| Cashand cash equivalentsatthebeginning of theyear | 1,400,870 | 1,854,520 |
| Total cashandcash equivalentsattheend of theyear | 1,184,399 | '1,400,870 |
| (a)Reconciliation ofnetexpendituretonet cashflow | ||
| fromoperating activities | ||
| Netincome(expenditure)for thereporting period (as perthestatement | (84,664) | (315,468) |
| offinancialactivities) Depreciation charges lnterestincomeshownininvestingactivities Decrease/(increase)in debtors lncrease/(decrease)increditors |
210,083 (13,8e3) (562,142) 246,423 |
222,658 (e,3e1) (211,829) (8e,e2e) |
| Netcashusedin operatingactivities | (204,193) | (403,e5e) |
| (b)Analysis of cashandcash equivalents:Cashatbankandin hand | 1,184,399 | 1,400,870 |
| Forth | eyear e | nded 31March2024 | ||
|---|---|---|---|---|
| 2. | Other | tradingactivities | 2024 Ê |
2023t |
| Local Local |
fundraising fundraising |
4,678 6,885 |
5,441 350 |
|
| 11,563 | 5,791 |
| Unrestricted Ê |
Restrictedt | 2024f | 2023t | |
|---|---|---|---|---|
| Learning & Leisure Central |
2,482,861 | 9,137 | 2,491,998 | 2,021,965 22,882 |
| Family Support Housing |
207,685 5,894,431 |
49,713 0 |
257,398 5,894,431 |
278,751 4,829,815 |
| 8,584,977 | 58,850 | 8,643,827 | 7,153,413 |
| The breakdownof supportcostsand h support. costsisshownin thetablebelow: |
ow thesewereallocated between go | ow thesewereallocated between go | vernance and other | vernance and other |
|---|---|---|---|---|
| Gost Type | TotalAllocatedGovernance relatedsupport |
SupportBasisof costs apportionment |
||
| Êt | costs | Ê | ||
| Staff CostsNote8 | 753,654 | 37,683 | 715,971 | Staff time. |
| Marketing,fundraisingandpublication HumanResources |
15,582 21,908 |
779 1,095 |
14,803 20,813 |
Staff time. Staff time |
| Premisescosts | 28,071 | 1,404 | 26,667 | Stafftime |
| lnformation technology Officerunning costs Professionalfeesand financecosts |
154,316 125,433 9,192 |
7,716 6,272 460 |
146,600 119,161 8,732 |
Stafftime Staff time. Stafftime |
| Othersand depreciation | 214,849 | 10,742 | 204,107 | Stafftime |
| 1,323,005 | 66,151 | 1,256,854 | ||
| Governance costs | 2024 | 2023 | ||
| Ê | Ê | |||
| Governance andprofessional support Auditfee |
for trustees | 7,267 27,594 |
11,433 20,o13 |
|
| Support costs(basedonapportioned Pernote4(i)) |
staff time | 66,151 | 59,446 |
|
| 101,01290,892 |
| Total governanceandsupport costs | |
|---|---|
| Total | |
| € | |
| Support costs (note4(i) | 1,256,854 |
| Governancecosts(note4(ii) | 101,012 |
| 1,357,866 |
| Staffcosts | Other | |||
|---|---|---|---|---|
| Note Sallocatedcosts | 2024 | 2023 | ||
| Ê | Ê | Ê | c | |
| Learning & Leisure | 217,278 | 174,195 | 391,473 | 367,277 |
| Family Support | 22,459 | 18,006 | 40,465 | 50,644 |
| Housing | 513,917 | 412,013 | 925,930 | 877,314 |
| 753,654 | 604,214 | 1,357,868 | 1,295,235 |
| Expenditureoncharitab | le activities | ||||
|---|---|---|---|---|---|
| Supportand | |||||
| Staff costs NoteIf |
Otherdirect costst |
governance costs Ê |
2024 Ê |
2023 f |
|
| Fundraisingandpublicity | 37j02 | 585 | 0 | 37,687 | 26,482 |
| Learning & Leisure | 2,012,160 | 247,014 | 391,473 | 2,650,647 | 2,295,865 |
| Central | 10,715 | ||||
| Family Support | 274,972 | 32,474 | 40,465 | 347,911 | 349,712 |
| Housing | 4,673,687 | 121,732 | 925,930 | 5,721,349 | 4,821,674 |
| 6,997,921 401,805 1,357,868 | 8,757,594 | 7,504,448 |
| Netmovementinfundsisstated after charging | ||
|---|---|---|
| 2024 | 2023 | |
| € | Ê | |
| Auditor'sremuneration-audit(exclusive of VAT) Underprofessionof auditfee Depreciation |
17,988 210,083 |
16,680 6,009 222,658 |
| Staff costswereas follows: | ||
|---|---|---|
| 2024 | 2023 | |
| Ê | Ê | |
| Salariesandwages Socialsecuritycosts Pension costs |
5,147,815 404,731 95,153 |
4,632,713 369,228 93,530 |
| 5,647,699 | 5,095,471 | |
| Agencycosts | 2,103,876 | 1,396,609 |
| Total | 7,751,575 | 6,492,081 |
| equivale | ntbasis,wasintheexcess of Ê60,000werea | s follows: | |
|---|---|---|---|
| 2024 | 2023 | ||
| No | No | ||
| t80,000 | -Ê90,000 | 1 |
timeequivalent employees (including casual and part-ti |
me staff) during the yearwasas follows: |
||
|---|---|---|---|
| 2024 | 2023 | ||
| LeisureandLearning | 60.8 | 71 | 5 |
| Central Family Support Housing |
22.0 9.0 175,9 |
22I 66 |
0 0I |
| 267.7 | 269.4 |
| Tangible fixedassets | |||||
|---|---|---|---|---|---|
| Freehold | Motor | Furniture& | |||
| property | vehicle Ê |
equipmentr | Totalt | ||
| Cost | |||||
| At1April2023 | 3,340,165 | 112,045 | 393,473 | 3,845,683 | |
| Additions | 26,171 | 26,171 | |||
| At31March2024 | 3,340,165 | 112,045 | 419,644 |
3,871,854 | |
| Depreciation | |||||
| At1April2023 | 842,636 | 69,228 | 336,698 | 1,248,562 | |
| Charge for theyear | 162,552 | 11,589 | 35,942 | 210,083 | |
| Al31March2024 | 1,005,188 | 80,817 | 372,640 |
1,458,645 | |
| Netbook value | |||||
| At31 March 2024 | 2,334,977 | 31,228 | 47,004 | 2,413,209 | |
| At31 March2023 | 2,49f ,529 | 42,817 | 56,775 | 2,597,121 |
Forthe |
yearended 31March2024 |
||
|---|---|---|---|
| 10. | Debtors | 2024 Ê |
2023 f |
| Tradedebtors | 1,614,144 | 988,458 | |
| Prepayments Accrued lncome |
28,321 37,9'10 |
50,946 71,132 |
|
| Other debtors | 34,775 | 42,472 | |
| 1,715,150 | 1,'153,008 |
| 11. | Creditors: amountsfallingduewithinoneyear | 2024 | 2023 |
|---|---|---|---|
| f | f | ||
| Tradecreditors | 545,103 | 252,757 | |
| Other creditors | 30,098 | 89,483 | |
| Accruals | 271,177 | 233,715 | |
| Deferred income | 3,437 | 27,437 | |
| 849,815 | 603,392 |
| At1April | At31March | |||||
|---|---|---|---|---|---|---|
| 2023 Ê |
lncome t |
Expenditure Ê |
Transfers Ê |
2024 t |
||
| Unrestricted funds | ||||||
| General funds | 1,880,558 | 8,614,07e | (8,668,769) | 181,822 | 2,007,691 | |
| Designated Funds: | ||||||
| FixedAssetsFunds | 2,597,122 | (183,913) | 2,413,209 | |||
| Total unrestricted funds | 4,477,680 | 8,614,079 | (8,668,769) (2,091)4,420,899 | |||
| Restricted funds | ||||||
| Family Support | 16,518 | 49,713 | (52,0s6) | 2,091 | 16,266 | |
| Learning & Leisure | 40,605 | 9,137 | (36,768) | 12,974 | ||
| Central | 12,804 | 12,804 | ||||
| Total restricted funds | 69,927 | 58,850 |
(88,824) | 2,091 |
42,044 | |
| Totalfunds | 4,547,607 | 8,672,929 | (8,757,593) | 0 | 4,462,943 |
| 14. | RestrictedFunds | At1APril 2023 € |
lncome I |
Expenditure Ê |
Expenditure Ê |
At31 Transfers ÊÊ |
At31 Transfers ÊÊ |
March 2024 |
|---|---|---|---|---|---|---|---|---|
| Family Support RichardCloudsley-WelfareGrants Programme8,0l7 Family Carer'sReferenceGrouP FamilyTowerHamlet - ParentsForum D'OylyCarte '1,000 Lottery Award forAll 2'500 Supportforcarersof allages(R. Cloudesley) OlderCareerViews 2,500 HampsteadWells& CamdenTrust 2'501 FrancisTrust |
7,413 40,500 1,800 |
(5,165) (553) (1,538) (40,500) (4,300) |
I 1 0 553 834 ua: (2,501) 2,501 |
'10,265 000 1 2 500 2,501 |
||||
| Subtotal | 16,518 | 49,713 | (52,056) 2,091 | 16'266 | ||||
| Learning&Leisure BBC CIN-2l"tTrainingProject ElectricBus Funding JackPetchey Juniors |
'1,500 3,978 7,351 1,694 |
5,711 1,081 |
(1,500) (3,e78) (8,466) (2,775) |
,596 4 |
||||
| Siblings YouthGroup |
1,529 1,603 |
606 1,737 |
(2,135) (3,340) |
|||||
| YAG | 1,106 | 1,106 | ||||||
| Siblings Activities Young Catalyst YoungCareer Club |
8,619 2,291 10,934 |
2 . |
(3,640) (10,934 |
4,981 2,291 |
||||
| Subtotal | 40,605 | 9,137 | (36,768) | 0 | 12,974 | |||
| Gentral | ||||||||
| GardenProject Mayor'sCharity-Donations |
6,911 5,763 |
6,911 5,763 |
||||||
| lndependentLiving-APlus | ||||||||
| lndependentLiving-CAF WillsonFundraising |
'130 | 130 | ||||||
| Subtotal | 12,804 | 0 | 0 | 0 | 12,804 | |||
| Total restricted funds | 69,927 | 58,850 | (88,824) 2,091 | 42'044 | ||||
| 15. | Analysisofnetassetsbetweenfunds | |||||||
| Unrestricted | ||||||||
| GeneralDesignated tt Restricted Ê |
Total t |
|||||||
| Tangible fixedassets Netcurrentassets |
2,007,691 | 2,413,209 | 42,044 | 2,413,209 2,049,734 |
||||
| Net assets | 2,007,691 | 2,413,20942,044 | 4,462,943 |