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|Legal and|administrative|information||
|---|---|---|---|
|Report of|the trustees||2to 15|
|Report of|the independent|auditors|16to 19|
|Statement|offinancial
activities'||20|
|Balance sheet|||21|
|Statement|ofcash flows||22|
|Notes to the financial statements|||23 to 34|
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|Patron|||||Sir
Ian Mckellen|
|---|---|---|---|---|---|
|Trustees|||||Naomi Gaffney|
||||||Dennis Twomey|
||||||Hussein
Ali|
||||||Bolade Kerr|
|Chief Executive Officer|||||Jennifer Fear|
|Secretary|||||Dennis Twomey|
|Registered||Office|||234 Bethnal Green Road|
||||||London|
||||||E2 OAA|
|Company|Registration|||Number|2441231|
|Charity Registration|||Number||802597|
|Independent||Auditor|||Shaw Gibbs (Audit) Limited|
||||||Salatin House|
||||||19Cedar Road|
||||||Sutton|
||||||Surrey|
||||||SM2 5DA|
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|||||||Total|
|---|---|---|---|---|---|---|
||||Note|Unrestricted
f|Restricted
f|2023
f.|
|Income and Endowments||from:|||||
|Donations
and legacies||||25,805||25,805|
|Chadtable
activities||||723,106|61,117|784,223|
|Total income||||748,911|61,117|810,028|
|Expenditure
on:|||||||
|Raising funds||||(772)||(772)|
|Charitable
activities||||(472,598)|(142,513)|(615,111)|
|Other expenditure||||(8,068)||(8,068)|
|Total expenditure||||(481,438)|(142,513)|(623,951)|
|Net movement
in funds||||267,473|(81,396)|186,077|
|Reconciliation
of|funds||||||
|Total funds
brought|forward||16|1,092,574|209,847|1,302,421|
|Total funds carried|forward||13|1 3311,347|128,451|1,488,498|
|||||||Total|
||||Note|Unrestricted
f|Restricted
f|2022f|
|Income and Endowments||from:|||||
|Donations
and legacies||||25,819||25,819|
|Charitable
activities||||586,373|131,241|717,614|
|Total income||||612,192|131,241|743,433|
|Expenditure
on:|||||||
|Raising funds||||(198)||(198)|
|Charitable
activities||||(535,488)|(54,346)|(589,834)|
|Other expenditure||||(9,394)||(9,394)|
|Total expenditure||||(545,080)|54,346|(599,426|
|Net income||||67,112|76,895|144,007|
|Net movement
in funds||||67,112|76,895|144,007|
|Reconciliation
of|funds||||||
|Total funds brought|forward|||1,025,462|132,952|1,158,414|
|Total funds carried|forward||16|1,092,574|209,847|1,302,421|
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|||||2023|2022|
|---|---|---|---|---|---|
||||Note|F||
|Fixed assets||||||
|Tangible assets|||12|335,704|343,699|
|Current assets||||||
|Debtors|||13|559,322|417,629|
|Cash at bank|and|in hand||705,280|565,481|
|||||1,264,602|983,110|
|Creditors|||14|~111506|24388|
|Net current assets||||1 152.794|958 722|
|Net assets||||1 488 498|1 302421|
|Funds ofthe|charity:|||||
|Restricted|||16|128,451|209,847|
|Unrestricted|income funds|||||
|Unrestricted|||16|1 360 047|1 092 574|
|Total funds||||1,488,498|1,302,421|
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|FOR|THE YEAR|ENDED|31 MARCH|2023||
|---|---|---|---|---|---|
||||Note|2023
f|2022f|
|Cash flows from operating
activities||||||
|Net cash income||||186,077|144,007|
|Adjustments
to cash flows from non-cash||items||||
|Depreciation|||12|7,994|8,907|
|||||194,071|152,914|
|Working
capital adjustments||||||
|(Increase)/decrease
in debtors|||13|(141,693)|13,879|
|Increase/(decrease)
in creditors|||14|87,421|(78,862)|
|Net cash flows from operating|activities|||139,799|87,931|
|Cash flows from investing
activities||||||
|Purchase oftangible
fixed assets|||12||(22,235)|
|Net increase
in cash and cash|equivalents|||139,799|65,696|
|Cash and cash equivalents
at|1 April|||565,481|499,785|
|Cash and cash equivalents
at|31 March|||705,280|565,481|
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|||||Unrestricted||Total|Total|
|---|---|---|---|---|---|---|---|
|||||General|Restricted|2023f|2022f|
|Eleanor Hamilton||Educational||||||
|Trust||||7,000||7,000|7,000|
|Other donations/||gifts||14,605||14,605|18,819|
|Frank Haines|Memorial||Trust|4,200||4,200||
|||||25,805||25,805|25,819|
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|Income from c|haritable
ac|tivities||||
|---|---|---|---|---|---|
|||Unrestricted||Total|Total|
|||funds
f|Restricted
f|2023f|2022
6|
|Department
of health|and social|||||
|care|||||29,735|
|LGBTQ Support|||25,000|25,000|45,521|
|NHS Tower Hamlet|CCG|286,707||286,707|431,000|
|HEE|||12,784|12,784|55,985|
|ELFT- Mental
Health||279,844||279,844|136,989|
|Schools||66,555||66,555|18,384|
|Reach Me Project|||23,333|23,333||
|Home Town Grant (Vanguard)||40,000||40,000||
|Compass Wellbeing||50,000||50,000||
|||723,106|61,117|784,223|717,614|
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|||Unrestricted||Total||Total||
|---|---|---|---|---|---|---|---|
|||Funds
f|Restricted|2023||2022||
|Fundraising|costs|772|||772||198|
|Fund raising|costs in the prior year were from unrestricted||funds.|||||
##
|6
Expend|itu|re
on charitable|activities||||
|---|---|---|---|---|---|---|
||||Unrestricted||Total|Total|
||||General|Restricted|2023|2022|
||||6||||
|Staff costs|||329,495|109,832|439,327|418,558|
|Sub-contractor||costs|84,375||84,375|112,500|
|Premises costs|||24,556||24,556|13,215|
|Client services|||8,148||8,148|7,850|
|Volunteers|||727||727||
|Training
and|recruitment||4,095||4,095|3,103|
|General office|||11,345|29,488|40,833|23,218|
|Professional|fees||5,056||5,056|2,483|
|Depreciation|||4,801|3,193|7,994|8,907|
||||472,598|142,513|615,111|589,834|
|||Activity|Grant|Activity|||
|||undertaken|funding of|support|Total|Total|
|||directly
f|activity
f|costs|2023|2022|
|Staff cost||329,495|109,832||439,327|418,558|
|Sub-contractor|||||||
|costs||84,375|||84,375|112,500|
|Premises costs||24,556|||24,556|13,215|
|Client services||8,148|||8,148|7,850|
|Volunteers||727|||727||
|Training
and|||||||
|recruitment||4,095|||4,095|3,103|
|General office|||29,488|11,345|40,833|23,218|
|Professional|fees|||5,056|5,056|2,483|
|Depreciation|||3,193|4,801|7,994|8,907|
|||451,396|142,513|21,202|615,111|589,834|
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|||Unrestricted||Total|Total|
|---|---|---|---|---|---|
|||fundsf|Restricted|2023f|2022
6|
|Bank|charges|606||606|3,022|
|Audit|and accountancy|7,462||7,462|6,372|
|||8,068||8,068|9,394|
##
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|9
Staff costs
The aggregate
payroll costs were as follows:|||
|---|---|---|
||2023|2022|
|||6|
|Staff costs during the year were:|||
|Wages and salaries and social security|419,045|399,123|
|Pension costs|20,282|19,435|
||439,327|418,558|
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|12Tangible fixed assets||||
|---|---|---|---|
|||Furniture||
||Land and|and||
||buildings|equipment|Total|
||8|6||
|Cost||||
|At 1 April 2022|412,527|72,656|485,183|
|At 31 March 2023|412,527|72,656|485,183|
|Depreciation||||
|At 1 April 2022|89,522|51,963|141,485|
|Charge for the year|4,209|3,785|7,994|
|At 31 March 2023|93,731|55,748|149,479|
|Net book value||||
|At 31 March 2023|318,796|16,908|335,704|
|At 31 March 2022|323,005|20,693|343,698|
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|13Debtors||||
|---|---|---|---|
|||2023|2022f|
|Accrued income||559,322|417,629|
|14Creditors||||
|||2023|2022f|
|Other taxation|and social security|12,019|13,264|
|Other creditors||93,189|5,424|
|Accrued expenses||6,600|5,700|
|||111,808|24,388|
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||||||Balance at|
|---|---|---|---|---|---|
||Balance at|Incomino|Resources||31 Mar|
||1 Apr 2022|resources
f|expended|Transfers
f|2023f|
|Unrestricted||||||
|General||||||
|General funds|394,702|748,911|(476,637)||666,976|
|Designated||||||
|Property|325,372||(4,801)||320,571|
|Redecoration|4,500|||10,500|15,000|
|Building
upgrade|150,000|||50,000|200,000|
|Furniture
& Equipment|6,000|||25,000|31,000|
|Major repairs|12,000|||(12,000)||
|HR Contingency|75,000||||75,000|
|Other Contingency|125,000|||(73,500)|51,500|
||697,872||(4,801)||693,071|
|Total Unrestricted|1,092,574|748,911|(481,438)||1,360,047|
|Restricted||||||
|HEE|73,595|12,784|(65,899)||20,480|
|LBTH: Reach Me|20,000|23,333|||43,333|
|LBTH: LGBTQ Support|68,438||(43,933)||24,505|
|Department
of Health|47,814||(32,681)||15,133|
|Young people counselling||25,000|||25,000|
|Total restricted|209,847|61,117|~142,573||128,451|
|Total funds|1,302,421|810,028|~623,957||1,488,498|
##
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|||Balance at|Incoming|Resources|Balance at|
|---|---|---|---|---|---|
|||1 Apr 2021
f|resources
f|expended
f|31 llllar 2022
f|
|Unrestricted||||||
|General||||||
|General funds||322,592|612,192|(540,082)|394,702|
|Designated||||||
|Property||330,370||(4,998)|325,372|
|Redecoration||4,500|||4,500|
|Building
upgrade||150,000|||150,000|
|Furniture
& Equipment||6,000|||6,000|
|Major repairs||12,000|||12,000|
|HR Contingency||75,000|||75,000|
|Other Contingency||125,000|||125,000|
|||702,870||(4,998)|697,872|
|Total Unrestricted|funds|1,025462|612192|~(54508II|1,092,574|
|Restricted||||||
|HEE||68,048|55,984|(50,437)|73,595|
|LBTH: Reach Me|||20,000||20,000|
|LBTH: LGBTQ Support||42,917|25,521||68,438|
|Department
of Health||21,987|29,736|(3,909)|47,814|
|Total restricted||132,952|131,241|(54,346)|209,847|
|Total funds||1,158414|743433|(599426}|1,302421|
##
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|The specific purposes|The specific purposes|for which the funds|are to be applied are as follows:|||
|---|---|---|---|---|---|
|Name ofunrestricted||funds|Description,
nature
and purpose ofthe fund|||
|General funds|||The 'free reserves'
after allowing
for designated|funds||
|Designated
funds:||||||
||||The designated
property
fund
represents
the|net book||
|Property|||value oftangible
fixed assets as these funds are tied||up|
||||and are unavailable
for general use by the charity.|||
|Redecoration|||Funds for the cost of redecorating
leasehold
property|||
|Building
upgrade|||Funds
for
IT upgrades
and
for
construction
reconfigure
our ground
floor|work|to|
|Furniture
& Equipment|||Funds
for the cost of repair
and
replacement
items|of these||
|Major repairs|||Funds set aside
in case of major repairs|||
|HR Contingency|||Contingency
for unexpected
HR costs|||
|Other Contingency|||Funds sufficient to cover 3months
expenditure|||
|Name ofrestricted|funds||Description,
nature
and purpose ofthe fund|||
|LBTH:||||||
|Reach Me|||Grant to cover expenditure
on counselling|||
|LGBTQ support|||Grant
to
cover
expenditure
for
support
services
LGBTQ young people.||for|
|Young Peoples Counselling|||Grant to cover expenditure
on youth
counselling|||
|Department
of Health||and Social Care|Grant
to cover expenditure
on the increased
emotional
places ofsafety for young people.|access|to|
|HEE||||||
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||||Designated|||
|---|---|---|---|---|---|
|Year ended 31 March 2023||General funds
g|fundsf|Restricted
8|Total funds|
|Tangible|fixed assets||320,571|15,133|335,704|
|Current|assets|763,650|372,500|128,452|1,264,602|
|Current|liabilities|««,808)|||«11,808)|
|Total net assets||651,842|693,071|143,585|1,488,498|
||||Designated|||
|Year ended 31 March 2022||General funds
f|fundsf|Restricted|Total funds
6|
|Tangible|fixed assets||325,373|18,326|343,699|
|Current|assets|419,090|372,499|191,521|983,110|
|Current|liabilities|(24,388)|||(24,388)|
|Total net assets||394,702|697,872|209,847|1,302,421|
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