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2023-03-31-accounts

PAGE
Legal and Administrative
Information
Report ofthe Supervisory
Board		 4-10
Report ofthe Independent
Auditors		 11 —14
Charity only Statement ofFinancial Activities 15
Consolidated Statement ofFinancial Activities
Charity only Balance Sheet 17
Consolidated Balance Sheet 18
Consolidated Cash Flow Statement 19
Notes on the Financial
Statements		 20-44

The members ofthe Supervisory
Board during		 The members ofthe Supervisory
Board during		 the year were as follows;
Mr. I.Livingstone
(resigned 09/05/2023)		 Mr. M. Ford
Mrs. E.R.Tebbs-Ogutu (resigned 22/08/2023) Mr.R.Lamborn (resigned 02/08/2022)
Mrs. M.A. Ballance Mr. M. White
Mr. M.J.Meadowcroft (resigned 08/04/2022) iVIrs. S.Jewitt (resigned 01/12/2022)
Mr. M. Kerr (appointed 02/08/2022, resigned 22/08/2023)
Mr. A. Shahab (appointed
02/08/2022)		 Mrs. S.Pauley (appointed 07/02/2023)

expenditure
as well as an unrestricted
These reserves are set out below;

general reserve.

general reserve.
2023 2022
Charity Consol'd Charity Consol'd
Restricted Funds (note 19) 312,550 312,550 303,743 303,743
Designated
Reserves (note 20)		 74,141 74,141 93,818 93,818
General Reserves (note 20) 119,358 119,503 442,409 458,620
Total before pension liability 506,049 506,194 839)970 856,181
Pension Reserve (note 20) (498,000) lI 498,000)
506,049 506194 341970 3~58 181

Unrestricted Unrestricted
Geaeral Designated Restricted TOTAL TOTAL
Funds Funds Funds 2023 2022
Notes
INCOME FROM:
Donations and legacies
Charitable
activiiies:		 89,942 24,392 114,334 96,467
Contract funding
Income &om rent
Investments		 2,694,613
3,743,931
5		 70,601 2,765314
3,743,931
5		 2,651,414
3,452,420
3
Total 6528,491 24392 70,601 6,623484 6,200305
EXPENDITURE ON:
Raising funds
Charitable
activities:		 7 36,590 36,590 28,032
Support Services
Housing
Manageinent
Other Charitable
Services		 3,103,203
3,837,992		 26,991
17,078		 7,965 3,138,159
3,855,070		 2,903,939
3,408,099
Total 6,977,785 44,069 7,965 7,029,819 6,340,070
Net (Expenditure)
/ Income
Gross transfer between
funds
Net (Expenditure)
/ Income		 (449,294)
53,829
(395,465)		 (19,677)
(19,677)		 62,636
(53,829)
8,807		 (406,335)
(406,335)		 (139,765)
(139,765)
Other recognised
gains th losses
Gains on revaluation
ofassets
Actuarial
gains on defined benefit		 16,482 16,482 39,050
pension scheme
Exceptional
Item		 571,000 571000 401000
Impairment
Business 900		 (17,068) (17,068)
Net movement
in Funds
Reeoncifiution offunds		 174,949 (19,677) $,807 164,079 300485
Funds at I April 2022 (55,591) 93,818 303,743 341,970 41,685
Funds at 31March 2023 119)358 74,141 312,550 506,049 341,970

(incorporating
an Income a
For the year ended 31March		 nd Expend
2023		 iture
Account)		 iture
Account)
Unrestricted
General Designated Restricted TOTAL TOTAL
Funds Funds Funds 2023 2022,
Notes
INCOME FROM:
Doaations
and legacies		 89,942 24,392 114,334 96,467
Charitable
activities:
Contract funding 2,694,613 70,601 2,765414 2,651,414
Income from rent 3,743,931 3,743,931 3,452,420
Other trading activities 34,791 34,791 50,536
Investments 5 5 3
Total 6,563482 24492 70,601 6,658,275 6,250,841
EXPENDITURE ON:
Raising funds 184,953 184,953 157,111
Charitable
activities:
Support Services 3,103,203 26,991 7,965 3,138,159 2,903,939
Housing Management 3,757,554 17,078 3,774,632 3,335,804
Other Charitable
Services
Other costs
Corporation
tax		 7, 10 (1)
Total '7,045,710 44,069 7,965 7097744 6,396,853
Net (Expeaditure)
/ Income		 (482,428) (19,677) 62,636 (439,469) (146,012)
Gross transfer between
funds		 53,829 (53,829)
Net (Expenditure)
/ Income		 (428899) (19,677) 8,807 (439,469) (146,012)
Other recognised
gains k losses
Gains on revaluation ofassets 16,482 16,482 39,050
Actuarial
gains on defined benefit
pension scheme 571,000 571,000 401,000
Net movement
in Funds		 158,883 (19,677) 8,807 148,013 294,038
Reconciliet/on
offunds
Funds at 1April 2022 (39,380) 93,818 303,743 358,181 64,143
Funds at 31March 2023 119503 74 141 312)550 506)194 358)181

Note 2023 2022
FIXEDASSETS
Intangible
assets
Tangible assets
Investments		 13
14
15		 1,026,995 2,433
826,852
1,026,995 829,285
CURRENT ASSETS
Debtors
Cash at bank and in hand		 16 553,201
65,358		 583,334
242,422
618,559 825,756
CURRENT LIABILITIES
Creditors —amounts
falling due within one year		 17 891,192 673,194
891,192 673,194
NKT CURRENT (LIABILITIES)/ASSETS ~1272,633 152,'362
TOTAL ASSETSLESSCURRENT LIABILITIES 754,362 981,847
Creditors —amounts
falling due after one year		 18 248,314 141,877
NET ASSETSexcluding
pension liability		 506,049 839,970
Defined pension scheme liability 498,000
NET ASSETSincl peasion liability 506,049 341,978
THE FUNDS OF THK CHARITY
Restricted Funds 19 312,550 303,743
Unrestricted
Funds		 20 193,499 536,227
Pension Reserve 20 (498,000)
Total Funds 506,049 341970
Company Number 1790817
Consolidated
Balance sheet asat31March 2023
Note 2023 2022
FIXEDASSETS
Intangible
assets
Tangible assets		 13
14		 1,033,388 2,433
838,843
CURRENT ASSETS 1,033,388 841,276
Debtors 16 552,986 579,222
Cash at bank snd in hand 73.227 272,750
626,213 851,972
CURRENT LIABILITIES
Creditors —amounts
falling due within one year		 17 901,392 686,678
NET CURRENT (LIABILITES)/ASSETS 901,392
(275,179)		 686,678 165,294
TOTAL ASSETSLESSCURRENT LIABILITIES 758,209 1,006,570
Creditors —amounts
falling due after one year		 18 252,016 150,389
NET ASSETSexcluding
pension liability		 506,194 856,181
Defined pension scheme liability 27 498,000
NET ASSETSincl pension liability 506,194 358,181
THK FUNDS OFTHE CHARITY
Restricted Funds 19 312,550 303,743
Unrestricted
Funds		 20 193,644 552,438
Pension Reserve 20 (498,000)
Total Funds 566.196 358 181

Consolidated
cash tlow		 statement for the year ended 31March 2023
Note 2023 2022
Net cash flow from operating
activities		 25 (56,005) 69,791
Corporation
tax		 (2,118)
Cash flow from investing activities
Payments
to acquire tangible
Interest received		 fixed assets (94,547)
5		 (79,569)
3
Net cash flow from investing activities (94,542) (79,566
Cash flow from financing activities (150,547) (11,893)
Loan repayments
Finance lease repayments
Hire purchase
repayments
Interest paid		 (12,078)
(16,326)
(4,810)
(15,762)		 (10,569)
(16,239)
(5,245)
(10,645)
Net cash flow from financing activities (448,976 ~42,698)
Net reduction
in cash		 (199,523) (54,591)
Cash at 1 April 2022 272,750 327,341
Cash at 3 I March 2023 73227 272,750

Charity
only
Unrestricted Total Total
General Designate d Restricted 2023 2022
g
Bank interest received 5 5 3
5 5 3
Income from investments in the year ended 31March 2022 was K3 all ofwhich was attributable to
general funds.
7
Expenditure		 on
Charity
only
Unrestricted Total Total
General Designated Restricted 2023 2022
g g
Raising funds
Costs re investment 5,083
properties
Fund raising activities 36,590 36,590 22,949
Charitable
Activities:
Contract Funding
Support Services 3,103,203 26,991 7,965 3,138,159 2,903,939
Housing Management 3,837,992 17,078 3,855,070 3,408,099
Other Charitable
Activities
6&977&785 44,069 7g65 7,029819 6,340,070
Gover nance
Costs incl		 uded
within
support cos		 ts
2023 2022
Audit aud accountancy fees 13,980 10,458
Legal and professional fees 23,081 11,863
Annual general meeting costs 1,010
38,071 22,321
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Unrestricted Unrestricted Total Total
General Designated Restricted 2023 2022
g
Raising funds
Trading costs 148,363 148,363 134,162
Fund raising activities 36,590 36,590 22,949
Charitable
Activities:
Coutmct Funding
Support Services 3,103,203 26,991 7,965 3,138,159 2,903,939
Housing Management 3,757,554 17,078 3,774,632 3,335,804
Other Charitable Activities
7,045,710 44,069 7,965 7,097,744 6,396,854
Other costs
Corporation Tax
7,045,710 44,069 7,965 7,097,744 6,396,853
Conso lidated
governan		 ce
Costs included
withi		 n support costs
2023 2022
g
Audit and accountancy fees 18,008 13,492
Legal and professional fees 23,081 11,863
Annual general meeting costs 1,010
42,099 25,355
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8
Net incoming/{outgoing)
r		 esources for t he ye ar
2023 2022
Charity Consopd Charity Consol'd
g
Depreciation 47,386 52,984 47,400 52,259
Amortisation 2,433 2,433 2,432 2,432
Operating
lease charges		 48,419 48,419 47,585 47,585
Interest on loans 11,685 11,685 6,811 6,811
Interest on finance leases 2,710 2,710 2,710 2,710
Interest on hire purchase 1,367 1,124
Finance costs on LGPS Pension 14,000 14,000 17,000 17,000
9
Auditor's
remuneration
2023 2022
g
Audit fee in respect ofthe financial statements 12,825 11,150
Other fees payable to auditor:
Audit ofthe charity's
subsidiaries		 3,490 3,140
Tax compliance
services		 180 180
Non audit services 3,475 3,375
7,145 6,695
10
Tax on net income
Consolidated
2023 2022
Current Taxation
UK Corporation
Tax
Adiustment
to prior year
Deferred taxation
Origination
and reversal oftiming differences
Tax on net income
The tax charge for the year is higher than (2022:higher than) the standard
rate ofcorporation tax in
the UK of19%(2022: 19%).

The differences
are reconcil		 ed belo w:
2023 2022
Net income before tax (439,469) (146,012)
Corporation
tax at standard		 rate (83,499) (27,742)
Effects ofnet expenditure/{income) exempt 89,795 29,026
from taxation (904) 1,386
Effectoftaxation losses (5,392) (2,670)
Adjustment
to prior year		 {1)
Total tax charge (I)

Tere was a 53,829transfer from Re
12
Staffcosts and numbers		 stricted Funds reflecting fund stricted Funds reflecting fund unlization within General
2023 2022
Charity Consol'd Charity Consol'd
Salaries and wages
Social Security costs
Pension contributions:-		 g
3,123,002
279,400		 g
3,222,882
287,024		 g
2,997,689
257,178		 K
3,084,979
262,766
Contributions
to defined
contribution
scheme		 83,369 86,179 83,105 85,311
Operating
costs re defined benefit
scheme		 59,000 59,000 74,000 74,000
3,544,771 3,655,085 3,411,972 3,507,056
2023 2022
K
1

Number ofempl oyees 2023 2022 2022
Support Services
Management		 dt, Housing Charity
118		 Consol'd
118		 Charity
114		 Consol'd
114
Other Charitable Services 6 7
Support costs 11 11 ll
129 135 125 132

Parent
dk Consolidated
Website Total
Cost
At 31March 2022 12,162 12,162
At 31 March 2023 12,162 12,162
Aiuortisatlon
At 31March 2022 9,729 9,729
Charge for the year 2,433 2,433
At 31March 2023 12,162 12,162
Net BookValue
At 31 March 2022 2,433 2,433
At 31March 2023

Parentonl
y Freehold Leasehold Leasehold Furniture
Properties Property Iiuproveinents Equipment Total
CostIvaluatioa g
At 1 April 2022 490,000 170,000 10,977 510,972 1,181,949
Additions
during year		 223,518 7,529 231,047
Disposals during year
Revaluation 16,482 16,482
At 31March 2023 730,000 170,000 10,977 518,501 1,429,478
Depreciation
At
1 April 2022		 10,977 344,120 355,097
Charge for year 47,386 47,386
Relating to disposals-
At 31March 2023 10,977 391,506 402,483
Net BookValue
At 1 April 2022 490,000 1'70,000 166,852 826,852
At 31March 2023 730,000 170,000 126,995 1,026,995

The historical cost ofth e properlies included at valuati on
is as follow		 s:—
Freehold Leasehold
properties Property Total
Cost
Accumulated
depreciation		 676,972
12,094		 194,041
10,350		 g
871,013
22,444
664,878 183,691 848,569
Consolidated
Cost / valuation Freehold
Properties		 Leasehold
Leasehold
Property
Imyrmmments
Motor
Vehicles		 Furniture
8c
Kquipmeut		 Total
At I April 2022
Additions
during year
Disposals
during year		 490,000
223,518		 170,000 10,977 21,600 511,778
7,529		 1,204,355
231,047
Revaluation
At 31 March 2023
Depreciation		 16,482
730,000		 170,000 10,977 21,600 519,307 16,482
1,451,884
At
1 April 2022
Charge for year
Relating to disposals		 10,977 9,842
5,400		 344,693
47,584		 365,512
52,984
Impairment
At 31March 2023
Net BookValue		 10,977 ]5,242 392,277 418,496
At 1April 2022 490,000 170,000 11,758 167,085 838,843
At 31March 2023 490,000 170&000 6458 127,030 1,033488

Freehold
property		 Leasehold
Property		 Total
Cost 676,972 194,041 871,013
Accumulated depreciation 12,094 10,350 22,444
664.878 183,691 848,569

Subsidiary
undertakings Total
g
Cost
At I April 2022
Transfers
Revaluation
Additions
At 31March 2023
Net book value
At 1 April 2022
At 31March 2023

Business 900
Community
Undertaking Interest
Company
Company
Holding		 number 06913644
Proportion
Principle		 ofvoting rights
activity		 and shares held 100%
Cleaning
Aggregate
assets, liabilities
Tiad1118 summary:		 and funds services
(16,923)
Turnover
Expenditure
(Loss)/profit		 115,229
148,363
(33,134)

16
Debtors
2023 2022
Due within
one year:		 Charity Consol'd Charity Consol'd
Net rents in arrears
Amounts
owed by group undertaking
Other debtors
Prepaid expenses		 344,853
29,632
37,022
141,694		 344,853
63,602
144,531		 330,033
35,767
44,907
172,627		 330,033
74,127
175,062
553,201 552,986 583334 579422

7
Creditors
2023 2022
Charity Consopd Charity Consol'd
Amounts
falling due within one year:		 K
Bank loans 13,981 13,981 10,730 10,730
Obligations
under finance leases		 14,734 14,734 16,320 16,320
Hire purchase creditors 4,810 4,810
Amounts
owed to group undertaking		 16,010 2,842
Trade creditors 407,964 412,639 260,942 262,533
Other creditors 161,652 164,432 101,808 106,447
Social security and other taxes 64,238 74,419 63,111 65,193
Accruals and deferred income 212,613 216,377 217,441 220,645
891,192 901,392 673,194 686,678

8
Credit		 ors - Amounts
falling d		 ue after one year: ue after one year:
2023 2022
Charity Consol'd Charity Consopd
K
Bank loans 248,314 248,314 127,143 127,143
Finance loan creditors 14,734 14,734
Hire purchase creditors 3,702 8,512
248,314 252,016 141,877 150,389
Notes to financial statements
19
Restricted funds		 for the year ended 31March 2023. for the year ended 31March 2023. for the year ended 31March 2023.
Charity and consolidated Balance
Q1.04.2022		 Incoming
Funds		 Outgoing
Funds		 Gains,
losses and
transfers		 Balance
31032Q23
(i) Dewsbury
Road Day Centre
Fund
(ii) Sahara Nationality
Fund
(iii) Sahara Women Without		 155,060
3,500		 (3,500) 155,060
Recourse Fund
(iv) Sinclair DAT Fund
(v) LCC Refurbishment
Fund
(vi) Tempest Road Development		 11,118
29,120
666		 (1],118)
(29,]20)		 666
Fund
(vii) Right to Buy Fund
(viii) Computer/IT
Fund		 5,092
57,237
41,950		 70,601 (7,965) (10,091) 5,092
127,838
23,894
303,743 70,601 (7,965) (53,829) 312,550
Balance
01.04.2021		 Incoming
Funds		 Outgoing
Funds		 Gains,
losses and
transfers		 Balance
31.03.2022
(i) Dewsbury
Road Day Centre
Fund		 155,060 155,060
(ii) Sahara Nationality
Fund
(iii) Sahara Women Without		 3,500 3,500
Recourse Fund
(iv) Sinclair DAT Fund
(v) LCC Refurbishment
Fund
(vi) Tempest Road Development
Fund
(vii) Right to Buy Fund
(viii) Computer/IT
Fund		 11,118
29,120
666
5,092
57,237
41,950		 11,118
29,120
666
5,092
57,237
41,950
303,743 303,743

Cha rity only
Balance Iucomiug Outgoing Gains and Transfers Balance
01.04,2022 Funds Funds losses 31.032023
(a) General Maintenance Fund
(b) Furniture
Renewals		 Fund
(c) Redundancy
Fund		 1,180 1,180
(d) Welfare Fund 3,072 3,072
(e) Scheme Funding 54,666 24,392 (26,991) 52,067
(f) Registered Provider
Application Fund 34,900 (17,078'} 17,822
93,818 24,392 (44,069) 74,141
General Funds 442,409 6,528,491 (6,904,785) (586) 53,829 119,358
Revaluation reserve
536427 6,552,8S3 (6g48,854) (586) 53,829 193,499
Pension reserve (498,000) (73,000 571,000
38427 6,552,SS3 {7,021,854) 570,414 53429 193,499
Balance Incoming Outgoing Gains and Transfers Balance
01.04.2021 Funds Funds losses 31.03.2022
(a) General Maintenance Fund
(b) Furniture Renewals Fund
(c) Redundancy
Fund		 1,180 1,180
(d) Welfare Fund 3,407 (335) 3,072
(e) Scheme Funding 48,265 26,536 (20,135) 54,666
(I) Registered Provider
Application Fund (15,100) 50,000 34,900
52,852 26,536 (35,5'70) 50,000 93,818
General Funds 493,090 6,173,769 (6,213,500) 39,050 (50,000) 442,409
Revaluation reserve
545,942 6,200405 (6,249,070) 39,050 536,227
Pension reserve (808,000'I (91000) 401,000 (498000)
262,058 6,200405 6440,070) 440,050 38,227
Unrestricted Funds
Consolidated
Balauce Iacoming Outgoing Gains and Transfers Balaace
01,04.2022 Funds Funds losses 31.032023
g K
(a) General Maintenance Fund
(b) Furniture Renewals Fund
(c) Redundancy
Fund		 1,180 1,180
(d) Welfare Fund 3,072 3,072
(e) Scheme Funding 54,666 24,392 (26,991) 52,067
(I) Registered Provider
Application Fund 34,900 (17,078) 17,822
93,818 24492 (44,069) 74,141
General Funds 458,620 6,563,282 (6,972,710) 16,482 53,829 119,503
552,438 6,587,674 (7,016,779) 16,482 53,S29 193,644
Pension reserve (498,000) - 73,000 571,000
54,438 6' 7,674 (7,089,779) 5S7,4S2 53,829 193,644

Consolidated
General Restricted Total Total
Funds Funds 2023 2022
g
Fixed assets 863,388 170,000 1,033,388 84],276
Current assets 483,663 142,550 626,213 851,972
Creditors, falling due within one year (901,392) (901,392) (686,678)
Creditors, falling due more than one year (252,016) (252,016 (150,389)
Net Assets 193,644 312,550 506,194 856,181

2023 2022
g g
Within one year 49,096 49,096
Between one and five years 22,460 75,145
Over five years
71,556 124241

Non cash
Cash 272,750 (199,523) 73,227
Debt
Debt		 due
due		 within one year
atter one year		 (31,860)
(150,389)		 ],320
31,888		 (2,985)
(133,515)		 (33,525)
(252,016)
90,501 (166,315) (136,500) (212,314)

The key assumptions
used b
purposes were:-		 y the actuary
in updatin		 g
the latest valuation
of
the		 Fund fo
2023 2022
'/a
Discount rate for liabilities 4.70 2,70
Pension increases 2.70 3.00
Pension accounts revaluation rate 2.70 3.00
Salaries increases 3.95 4.25
CPI Inflation 2.70 3.00
Males 2023 2022
Member aged 65 at accounting date 21.6 21.8
Member aged 45 at accounting date 22.9 22.5
Females
Member aged 65 at accounting date 24.6 24.6
Member aged 45 at accounting date 25.7 25.7

2023 2022
Equities
Property
Government
bonds
Corporate bonds
Cash
Other		 80.8
3.3
6.9
4.6
2.3
2.1		 79.8
4.0
7.4
4.8
2,9
1,1
100.0 100.0
The actual returns on assets are set out below:-
2023 2022
f.
Interest income on assets
(Loss)/gain
on assets		 64,000
(28,000)		 46,000
188,000
Actual return on assets 36,000 234,000
The changes in the fair values ofthe assets were:-
2023 2022
g
Opening fair value ofassets
Interest income on assets
Re-measurement
(losses)/gains
Members
contribunons
Net benefits paid out		 on assets 2,394,000
64,000
(28,000)
9,000
(27,000)		 2,178,000
46,000
188,000
10,000
(28,000)
Closing fair value ofassets 2,412,000 2,394,000
The changes in the present values ofthe defined benefit obligations:-
2023 2022
Opening
present value ofliabilities
Current service costs
Interest expense on defined benefit obligations
Members
contributions
Actuarial
gains on liabilities
Net benefits paid out		 2,892,000
59,000
78,000
9,000
(979,000)
(27,000)		 2,986,000
74,000
63,000
10,000
(213,000)
(28,000)
Closing present value ofliabilities 2,032,000 2,892,000

The reconciliation ofthe funded status ofthe Fund tothe balance sheet is as fol lows:-
2023 2022
g
Fair value ofassets 2,412,000 2,394,000
Present value offunded defined benefit obligations (2,032,000) (2,892,000)
Unrecognised
asset		 (380,000)
Net pension asset/(liability) (498,000)
Net pension asset/(liability) Net pension asset/(liability) (498,0 00)
The split ofthe liabilities at the last valuation between the various categories ofmembers is as
follows:-
Active members 50
Deferred Pensioners 22%
Pensioner s 28%
2023 2022
g
Operating Costs:-
Current service cost 59,000 74,000
Finance costs:-
Interest costs on pension liabilities 14,000 17,000
73,000 91,000
Actuarial
gains		 (951,000) (401,000)
Total pension costs recognised (878,000) (310,000)
Sensitivity
Analysis:-
Base figure +0.1% -0.1%
Discount Rate
Present value oftotal obligation 2,032,000 1,997,000 2,069,000
Projected service cost 33,000 32,000 34,000
Rate ofincrease in salaries
Present value oftotal obligation 2,032,000 2,038,000 2,026,000
Projected service cost 33,000 33,000 33,000
Rate ofincrease in pensions
Present value oftotal obligation 2,032,000 2,062,000 2,004,000
Projected service cost 33,000 34,000 32,000
Post retirement
mortality		 assumption -I year +1year
Present value oftotal obligation 2,032,000 2,085,000 1,979,000
Projected service cost 33,000 34,000 32,000