Page 14
LIVING RIVERS TRUST
STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 MARCH 2023
Unrestrieted
Funds
Restricted
Fund5
Total Funds
2023
Total Fund5
2022
Note
Income from:
Donations and legacies
Charitable activities
Investments
45,153
216,544
200
5,007
373,660
50,160
590,204
200
46,785
587,436
142
Totvdl income
261,897
378,667
640,564
634.363
Expenditure on:
Charitable activities
516
(239,677)
(359,890)
(359,890)
(599,567)
(589.239)
Total eipenditure
(239,677)
(599567)
(589,239)
Net income
22220
18,777
40,997
45,124
Transfer between funds
(1,129)
1,129
Net movement in funds
21,091
19,906
40,997
45,124
Reconeili2tion of funds..
Total funds brought fornvard
29,240
121,102
150J42
105.218
Totsl funds carried forward
50J31
141,008
191,339
150,342
The Statement of Financial Activities includes all gains and losses in the year and therefore
a statement of total r¢¢ognised gains and losses has not been prepared.
All of the above amounts relate to continutng activities.
The notes on pages 17 to 29 fomi part of these financial statements.

LIVING RIVERS TRUST
Page 16
BALANCE SHEET
31 MARCFI 2023
3023
Fi￿d ￿￿ets
Ta(58ibl¢ass¢ts
li
14573
19221
Currentassets
Debtrn
IdL404
204037
219.041
48,652
138.459
187.111
Credltors: d4eiYfithSu ono y
13
(41275)
(52.652)
Net tYtrrent#ssets
176766
134.459
Totslossots less eorreknt]FabBilKeJ
1?39
IS3.680
Cr¢ditor&" arAountsfalli4E dueaftermor¢ than
oneyegr
14
(3J38)
Net ￿￿¢ts
150J42
Charity FMRd5
.14L008
50J31
121.IW2
29240
150.342
TofaE charsty fvnds
191039
aDdwe signvl ontheirb¢ba]fbT.
Cbaritynuth. MC103314

Page 16
LIVING RIVERS TRUST
STATEMENT OF CASH FLOWS
YEAR ENDED 31 MARCH 2023
2023
2022
Note
Cash flow from operating activities
Net Cash flow from operating activities
Cash (low from investing activities
Interest from investments
21
72,680
43,384
72,680
43.384
200
142
Net cash flow from investing aetiviti¢s
200
142
Cash flow from financing activities
Repayments of borrowings
Net cash flow from investing activities
(6,702)
(6,702)
(8,989)
(8.989)
Net increase in cash and cash equivalents
66,178
34,537
Cash 2nd ¢2sh equivalents at l April 2022
Cash and cash equivalents at 31 March 2023
138,459
103,922
204,637
138.459
Cash and cash equivalents cousist of-
Cash at bank and in hand
204,637
138,459
Cash and cash equivalents at 31 March 2023
204,637
138,459

LIVING RIVERS TRUST
Page 17
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
Principal accounting policies
General information and basis of preparation
Living Rivers Trust is a charity which registered with The Charity Commission for Northern Ireland on 4th
February 2016. The address of the registered office is given in the charity infonnation on page l of these
financial statements.
Living Rivers Trust, a charitable trust is constituted under a trust deed dated 2 April 2001.
Living Rivers Trust constitutes a public benefIt entity as defined by FRS 102.
Statement of Com
liance
The financial statements have been prepared on the going concem basis under the historical cost
convention and in accordance with 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 issued in October 2019. the Financial Reporting
Standard applicable in the UK and Republi¢ of Ireland (FRS 102). the Charities legislation in Northem
Ireland and UK Generally Accepted Accounting Practice.
The significant accounting policies applied in the preparation of these financial statements are set out
below. These policies have been consistently applied to all years presented unless otherwise stated.
Going concern
The financial statements have been pttpared on a going concern basis as the tntstees believe that no
material uncertainties exist. The trustees have considered the level of funds held and the expected lev¢1 of
income and expenditure for 12 months from authorising these financial statements. The budgeted income
and expenditure is sUtTicient with the level of reserves for the charity to be abl¢ to Continue &s a going
concern.
Fund accounting
Unrestrictedfvnds
General fund
The unrestricted ￿ndS of the charity consist of a General Fund which is expendable at the discretion of the
trusfres in furtherance of the charitable objecttves of the charity and which has not been designated for
other purposes.
Designated funds
Represent separate bank accounts consisting of the Project account and A Victorious Life.
Resfrictedfvnds
Restricted funds are funds wht¢h are to be used in accordance with specifi¢ restrictions imposed by donors
or which have been raised by the charity for particular purposes. The cost of raising and administering such
funds are charged against the specific fund.

Page 18
LIVING RIVERS TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2023
Prineip%l accounting policies (conlinued)
Income recognition
All Éncoming resources are included in the SOFA when the charity is legally entitled to the income
after any perfonnance conditions have been rneL the amount ¢an be measured reliably and it is
probable that the income will be received.
For donations to be recognised the charity will have been notified of the amounts and the settlement
date in writing. If there are conditions attached to the donation and this requires a level of perfonnan¢e
before entitlement can be obtained then income is defe￿ed until those conditions are fully met or the
fulfilment of those conditions is within the control of the charity and it is probable that they will be
fulfilled.
Donated facilities and donated professional services are recognised in tncome at their fair value when
their economic benefit is probable, it can be measured reliably and the charity h&8 control over the
item. Fa¢r value is detennined on the basis of the value of the gift to the charity. For example the
amount the ¢harity would be willing to pay in the open market for such facilitie5 and services. A
Corresponding amount is recognised in expendI￿re.
No amount is included in the fmancial statements for volunteer time in line with the SORP 2019 (FRS
102). Further detail is given in the Trnstees. Annual Report.
Where practicable, gifts in kind donated for distribution to the beneficiaries of the charity are included
in stock and donations in the financial statements upon receipt. If it is impracticable to assess the fair
value at receipt or if the costs to undertake such a valuation outweigh any benefits, then the fair value
15 recognised as a component of donations when it is distributed and an equivalent amount recogni5ed
as charitable expenditure.
Voluntary income received by way of donations and gift is credited to revenue on a receivable basis.
Gifts in kind donated for resale are included at fair value, being the expected proceeds from sale less
the expected costs of sale. Where estimating the fair value is practicable upon receipt it is recognised
in stock and 'Income from other trading activities. Upon sale. the value of the stock is charged against
'Income from other trading activities, and the proceeds are recognised as 'lncome from other trading
activities,. Where it is imprdcticable to fair value the items due to the volume of low value items they
are not recognised in the f￿anCial statements until they are sold. This income is recognised within
'Income from other trading activities,.
Fixed asset gifts in kind are recognised when receivable and are included at fair value. They are not
deferred over the life of the asseL
For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the
legacy being received. At thi5 point income is recognised. On occasion legacies will be notified to the
charity however it is not possible to measure the amount expected to be distributed. On these
oc¢&sions, the legacy is treated as a Contingent asset and disclosed.
Income from trading ￿tIvItIeS includes income earned from fundraising events to raise funds for the
charity. Income is received tn exchange for supplying goods and services in order to raise funds and is
recognised when entitlement has occurred.
Income from government and other grants are recognised at fair value when the charity has
entitlement after any performance conditions have been meL it is probable that the income will be
received and the amount can be measured reliably.

LIVING RIVERS TRUST
Page 19
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2023
Princip21 accounting policies (continued)
Income recognition (continued)
If entitlement is not met then these amounts are deferred. Revenue grants are credited to incoming
resources on the earlier date of when they are received or when they are receivable, unless they relate
to a specified future period. Grants which contribute towards specific expenditure on fixed assets are
credited to the Statement of Financial Activities in full upon receipt.
Investment income 15 interest earned through holding cash at bank. Interest income is recogni5ed when
receivable.
Expenditure reeognitio
All expendi￿re is accounted for on an accruals basis and has been cla55ified under headings that
aggregate all costs related to the category. Expenditure is recognised where there is a legal or
constructive obligation to make payments to third parties, it is probable that the settlement will be
required and the amount of the obligation can be measured reliably.
Where costs cannot be directly attributed to a particular heading they have been allocated to activities
on a basis consistent wtth the use of the resources. Staff costs and overhead expenses are allocated to
activities on the basis of staff tiTne spent on those activities.
Fund-raising Costs are those incurred in seeking voluntary contributions and do not include the Costs of
disseminating information in support of the charitable activities.
Employee benefits
When employees have rendered service to the charity. short-terni employee benefits to which the
employees are entitled a￿ recognised at the undiscounted amount expected to be paid in exchange for
that service.
The charity operates a defined contribution pension plan for the benefit of its employees. The assets of
the scheme are held separately from those of the charity. Contributions are charged to the Statement of
Financial Activities as they become payable.
Value Added Tax
The charity is not registered for VAT purposes, therefore expenditure is shown gross of VAT.
Fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impainnent
losses. Cost includes costs directly attributable to making the asset capable of operating as intended.
The costs of minor additions. where the useful life is considered to be less than 2 years. are not
capitalised.
Depreciation
Depreciation is calculated so as to write off the ¢ost of an asseL less its estimated residual value, over
the useful economic life of that asset as follows:
Fixture5 & fittings
Equipment
Leasehold improvements
15 % reducing balance / [5 % straight line
150/0 reducing balance
15 % straight line

Page 20
LIVING RIVERS TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2023
Principal accounting policies (continued)
Leases
Rentsls payable under operating leases are charged to the SOFA on a straight line basis over the period
of the lease.
Tax
As a charity. it benefits from various exemptions afforded by tax legislation. It is therefore not liable
to corporation tax on income or gains falling due within those exemptions. Recovery is made of tax
deducted from receipts under gift aid.
Judgements and key sources of estimation uncertsinty
The following judgements including those Involving estimates have been made in the process of
applying the above accounting policies that have had the most significant effect on the amounts
recognised in the financial statements and that have a signifIcant risk of causing a material adjustment
to the carrying amounts of assets and liabilities within the next financial year:
(i) depreciation method. asset useful lives and residual values
The estimates and assumptions are reviewed on an ongoing b&8is considering the current and ￿tUre
market conditions.
Donations and legacies
Unrestricted
Funds
Restricted
Funds
Total Unrestricted
Funds
Funds
2023
Restricted
Funds
Total
Funds
2022
Tithe and
offering
Gift aid
Donations
Transfer of
nds from
Paul Brady
Mlnistries
40J26
40,326
42,814
800
2,166
42,814
800
3,171
555
1,016
1,571
1.005
4272
3,991
8263
45,153
5,007
50,160
45,780
1,005
46,785

Page 21
LIVING RIVERS TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2023
Ineome from charitable activities
Unrestricted
Funds
Restricted
Funds
Total Unrestricted Restricted
Funds
Funds
Funds
2023
Total
Funds
2022
NIHE- Supporting people
NIHEIClients - Bed rent
Clients - Service charge
BSO
NIHE - Covid
NIFIE- Bed rent & service
Charge: Covid loss of
income
NIHE- Covid recovery
NtFtE- Other funding
A Victorious Life income
Prayer tour
347,222 347,222
181.631
34,334
323,076 323.076
127.022
27,480
250
297
181,631
34,334
127,022
27,480
250
297
75.564
75.564
15,735
17,772
240
(374)
3,689
(374)
3,689
579
23,123
15.735
17.772
579
240
23,123
216.544
373,660 590,204
230,306
357.130 587,436
Income from investments
Unrestricted
Funds
Restricted
Funds
Total Unrestricted
Fund$
Funds
2023
Restricted
Funds
Total
Funds
2022
Interest - bank
200
200
142
142
200
200
142
142
Analysis of expenditure on charitable activities
Activities
undertsken
directly
Support Total Funds
costs
2023
Church
Hostel
Trustees
6,574
499,635
13J65
13,072
66,921
19,646
566,556
13J65
519,574
79,993
599,567

Page 22
LIVING RIVERS TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2023
An21ysis of expenditure on charitable activities (continued)
Activities
undertaken
directly Support costs
Total Funds
2022
Church
Hostel
Trustees
4.802
460,018
12,796
11,968
99,655
16.770
559,673
12,796
477.616
111,623
589.239
£313.442 (2022 - £294,814) of the cost of activities undertaken directly and £46,448 (2022 - £77.001) of
support costs were attributable to restricted funds. £206,132 (2022 £182.802) of the cost of activities
undertaken directly and £33,545 (2022 - £34,622) of support costs were attributable to unrestricted fiwds.
Alloeation of support costs
Basis of
aIlocation
Total
2023
Church
Hostel
Governance
Staff costs
Accounts personnel and professional fees
Repairs and maintenance
Office running costs
Computer costs
Depreciation
Loss on disposal of tangible assets
Time spent
Time spent
Cost
Cost
Cost
Cost
Cost
Cost
1,741
6,957
32J26
22,797
1,232
8,035
(4,426)
8,698
32,326
30,797
1,232
10,481
(4,426)
180
705
8.000
2,446
180
705
13,072
66,921
79,993
Basis of
allocation
Totsl
2022
Church
Hostel
Governan¢e
Staff costs
Accounts personnel and professional fees
Repairs and maintenance
Office running costs
Computer costs
Other costs
Depreciation
Loss on disposal of tangible assets
Time spent
Time spent
Cost
Cost
Cost
Cost
Cost
Cost
Cost
2,027
6.486
32,946
16,204
8.412
9,294
22,443
3,870
8,513
32.946
23,404
8,412
IE.334
22.443
3,870
423
278
7,200
2,040
423
278
11.968
99,655
111.623

LIVING RIVERS TRUST
Page 23
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2023
Governance costs
Unrestricted Restricted Total Funds Unrestricted Restricted Total Funds
Funds
Funds
2023
Funds
Funds
2022
Accountancy fees
Audit fees
Interest payable
Other financial
costs
1,268
2JOO
272
2,772
1,440
334
4,040
3,740
606
1,496
2,200
650
2,304
1,440
123
3.800
3,640
773
312
312
300
300
4,152
4,546
8,698
4.646
3.867
8,513
Net income for the year
Thi5 IS stated after charging:
2023
2022
Staff pension contributions
Depreciation
Auditors, remuneration-
- audit of the fInancial stafrments
Operating lease costs..
Land and buildings
8,856
3,943
7.313
5,486
7,780
7.440
50J04
50,304
Auditor's r¢muner2tion
The auditor'5 remuneration amounts to an audit fee of £3,740 (2022 £3.640) and other services of
£4.040 (2022 - £3,800).
10. Staff costs and employee benefits
Total staff costs Trvere as follows:
2023
2022
Wages and salaries
Social security costs
Pension costs
289,165
17,287
8,856
295.921
16.424
7.313
315a08
319.658
Allocated to-
2023
2022
Church
Trustees
Hostel
2,400
13,365
299,543
2,400
12,796
304,462
315,308
319.658

Page 24
LIVING RIVERS TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2023
10. Staff Costs and employee benefits (eonllnued)
Particulars of employees:
The average number of employees during the year, calculated on the b&sis of fjjll-time equivalents,
was as follows:
2023
2022
No
Number of administrative staff
Number of management staff
Number of other staff - Running and maintenance
16
18
19
21
No employee ￿ceiVed remuneration of mor¢ than £60,000 during the year (2022 - Nil).
Total redundancy payments in the year was £Nil (2022 - £Nil).
11. Tangible fixed assets
Fixtures,
fittings &
equipment
Leasehold
improvefflellts
Total
COST
At l April 2022
Disposals
51,011
231,462
(2,043)
282,473
{2,043)
At 31 March 2023
51.011
229,419
280,430
DEPRECIATION
At l April 2022
Charge for the year
Disposa15
At 31 March 2023
47,146
1,640
216,106
2J03
(lJ38)
263252
3,943
{1,338)
48,786
217,071
265.857
NET BOOK VALUE
At 31 March 2023
2225
12 J48
14,573
At 31 March 2022
3,865
15,356
19.221
12. Debtors
2023
2022
Other debtors
Prepayments and accrued income
13,748
656
45.227
3,425
14,404
48,652

LIVING RIVERS TRUST
Page 25
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2023
13. Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
PAYE and NIC liability
Amounts due to related parties
Accruals and deferred income
Other creditors
6,702
4.753
3,978
35.680
1,539
4,194
36,463
1,618
42,275
52.652
14. Creditors: Amounts falling due after more than one year
2023
2022
Amounts due to relatsd parties
3.338
3,338
15. Creditors- Capitsl instruments
Creditors tnclude finance capital which is due for repayment as follows:
2023
2022
Amounts repayable:
In one year or less on demand
n more than one year but no more than tsvo years
In more than two years but no more than five years
6,702
6,702
The above liabilities Comprise bank loans. The interest rdte charged on the bank loan is the Danske
Bank Base Rate (UK) plus a margin of 4.25 /0 and repayments on the loan are Enonthly. The loan was
paid off in November 2022.
16. Pensions
The charity operdtes a defIned Contribution pension scheme for employees. The assets of the scheme
are held separately from those of the charity. The contributions paid by the charity during the year
amounted to £8.856 {2022 - £7,313). At the balance sheet date outstanding payments to the fund
totalled £1.618 (2022 - £1,539).

Page 26
LIVING RIVERS TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2023
17. Operating leases
Total fijture minimum lease payments under non ¢ancellabEe operating leases as follows:
2023
2022
Not later than one year
4,192
4,192
4,192
4,192
18. Restricted income funds
Balance at
l Apr 2022
Incoming
resources
Outgoing
resources
Balance at
Transfers 31 Mar 2023
Grants
NIHE - Supporting People
Prayer tour
10,576
110,526
1.016
350,537
27,114
(4.435)
(351.666)
(3,789)
7,157
110,526
23J25
1,129
121,102
378.667
(359.890)
1,129
141,008
Balance at
l Apr2021
Incoming
resources
Outgoing
resources
Balance at
31 Mar 2022
Trdn5fers
Grants
NIHE- Supporting People
12,303
114,447
E.255
356.880
(2,982)
(368.833)
10.576
110,526
8,032
126,750
358.135
(371.815)
8,032
121.102
Restricted funds are to be used for specified purposes as laid down by the donor. Expenditure which meets
these criteria is charged to the fund, together with a fair allocation of overheads and support costs.
19. Unrestricted income funds
Balance at
l Apr 2022
Incoming Outgoing
resources
resource5
Balance at
Transfers 31 Mar 2023
Designafrd fvnds
General fijnds
2,571
26,669
4,857
257.040
(55)
(239.622)
(2,715)
1,586
4,658
45,673
29,240
261,897
(239.677)
(1,129)
50J31
Balance at
l Apr2021
Incoming Outgoing
resources
resources
Balance at
31 Mar 2022
Transfers
Designated ￿ndS
General fvnds
686
(22,218)
240
275.988
(36)
(217.388)
1,681
(9.7 l3)
2.571
26,669
(21.532)
276,228
(217,424)
(8.032)
29,240

LIVING RIVERS TRUST
Page 27
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2023
19. Unrestricted ill¢ome funds (continued)
Unrestrictedfvnds..
General fund
The unrestricted funds of the charity consist of a Generdl Fund which 15 expendable at the discretion of
the trustees in fvrtherdnce of the charitable objectives of the charity and which has not been designated
for other purposes.
Designated ￿lld$
Represent separate bank accounts consisting of the Project account and A Victorious Life.
20. Analysis of net assets between funds
Tangible fixed Net current
assets
assets
Long term
liabilities
As at 31 March 2023
Total
Restricted Income Funds.
Grants
Prayer tour
Unrestricted Intome Funds
Designated funds
General Funds
3,345
114J38
23?25
117,683
23,325
4,658
34,445
4,658
45,673
11,228
Totsl Funds
14,573
176,766
191,339
Tangible fixed
assets
Net Current
assets
As at 31 March 2022
Long term
liabilities
Total
Restricted Income Funds:
Grants
Unrestricted Income Funds
Designated funds
Generdl Funds
4,878
I [6,224
121,102
2,571
15,664
2,571
26,669
14,343
(3,338)
Total Funds
19.221
134,459
(3,338)
150.342
21. Reconciliation of net income to net cash flow from operating activities
2023
2022
Net income for year
40,997
45,124
Depreciation and impairnient of tangible fixed assets
Loss on disposal of tangible fixed assets
Interest receivable
Decreasel(increase) in debtors
(Decrease)/in¢rease in creditors
Net cash flow from operating activities
3,943
705
(200)
34248
(7,013)
72,680
5,486
278
(142)
(9,346)
1,984
43.384

Page 28
LIVING RIVERS TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2023
22. Analysis of changes in net debt
At
l April
2022
Cash
flows
Non
Cash
ehanges
At
31 March
2023
Short-frm borrowings- bank loan
(6,702)
6,702
(6,702)
6,702
Cash and eash equivalents
Cash at bank and in hand
138,459
66,178
72,880
204,637
Total net cash
131,757
204,637
23. FRC Ethical Standard
In common with many other charities of our size and nature we use our auditors to provide advice in
relation to financial matters and to assist with the preparation of the financial statements.
24. Related party transactions
Living Rivers USA is deemed to be a related paty as 3 of the 4 trustees of Living Rivers Trust ls well
&$ a close family member of a trustee are also trustees of Living Rivers USA operating as Millennial
Church in Tulsi USA which provides fvnding to Living Rivers Trust.
Paul Brady Ministries (Company Limited by guarantee) is deemed to be a ￿ lated paty as the trustees
are directors and company secretary of the company. Paul Brady Ministries was dissolved on i ith
October 2022. On closure. Paul Brady Ministries donated funds of £8.263 to Living Rivers Tn￿.
R Brady and K Brady are considered to be related parties as R Brady is Paul Brady's Mother. and K
Brady is Paul Brady's wife.
The key management personnel are considered to be the trustees, Director of Operdtions, Lighthouse
Hostel Manager and the Pastors. The key management personnel compensation for the year was
£54.895 (2022 - £53,478).
The total remuneration received by trustees in the year was £13,365 (2022 - £12,796).
During the year, Living Rivers Trust received titheslofferings of £36.200 (2022 £35,500) from
Living Rivers USA operating as Millennial chU￿h in Tulsi USA.
During the year. Living Rivers Trust paid £17.300 (2022 £16,200) to R Brddy at Source
Management Systems for bookkeeping services.
During the year. K Brady received total remuneration of £2.400 (2022 - £2.400).
Dr H Grahame-smith was paid £9,800 for professional services during the year (2022 - £5,857).
At the year-end Living Rivers Trust owed Dr H Grahame-smith £Nil (2022 - £7,316).

Page 29
LIVING RIVERS TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2023
25. Contingellt liability
The Supporting People funds included in restricted reserves are £110,526 at the balance sheet date.
They have also informed the charity in prior years that it is possible that the Department for
Communities may ￿queSt the refund of these and fiiture under spent fijnds less approximately £52.000
to £78.000 representing 8 to 12 weeks funding receipts from Supporting People.
26. Transfer between funds
Due to Covid, Supporting People tnfonned the charity in 2019 that they had to keep the restricted
reserves balance at the same carried forward balance that was stated in the 31 March 2018 financial
statements. In the convening years. the charity has had to filnd deficits on the Supporting People fund
via unrestricted reserves.
Supporting People have agreed specific covid related Costs which have been incurred by the charity to
be allocated against this balance along with any surplus/deficit made in the last two financial years, and
a new carried forward balan¢e has been agreed at this time.
The retrospective use of reserves (amounting to £35.142) awaited, and awaits, a decision and
resolution. This was due to an agreed spending for agency staff that led to an overspend in the year to
31 March 2019. Halfway through the 201812019 financial year direction was received that reserves
had to be frozen as at 31 March 2018, leading to an overspend of Supporting People monies.
Supporting People have considered this favourably and currently a decision is awaited from other
bodies. The trnstees view is that £35,142 of the Supporting people restricted funds should actually be
in unrestricted funds. No adjustment for these monies have currently been adjusted for in the
financial statements.