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For the Year Ending |
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Financial Statements |
Page |
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Trustees' Annual Report (Incorporating the Director's Report) |
1 |
Independent Examiner's Report to the Trustees |
9 |
Statement of Financial Activities (Including Income and Expenditure Account) |
10 |
Statement of Financial Position |
11 |
Statement of Cash Flows |
12 |
Notes to the Financial Statements |
13 |
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Trustees' Annual Report (Incorporating the Director's Report) |
Registered charity name |
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Charity registration number |
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Company registration number |
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Principal office and registered |
Phoenix House |
office |
3-5 Jacktrees Road |
Cleartor Moor |
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Cumbria |
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CA25 5BD |
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(Resigned
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(Resigned
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(Appointed
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(Appointed
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(Appointed
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(Appointed
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(Appointed
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Company Secretary |
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Independent Examiner |
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Enterprise House |
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Harmire Enterprise Park |
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Barnard Castle |
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County Durham |
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DL12 8XT |
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Trustee |
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Independent Examiner's Report to the Trustees of
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Statement of Financial Activities |
(including income and expenditure account) |
2024 |
2023 |
|||
Unrestricted funds |
Restricted funds |
Total funds |
Total funds |
|
Note |
£ |
£ |
£ |
£ |
Donations and legacies |
5 |
|
– |
|
|
Charitable activities |
6 |
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|
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Investment income |
7 |
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– |
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Other income |
8 |
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-------- |
--------- |
--------- |
--------- |
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Total income |
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-------- |
--------- |
--------- |
--------- |
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Expenditure on charitable activities |
9,10 |
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-------- |
--------- |
--------- |
--------- |
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Total expenditure |
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|
|
|
-------- |
--------- |
--------- |
--------- |
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-------- |
--------- |
--------- |
--------- |
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Net expenditure |
(
|
(
|
(
|
(
|
-------- |
--------- |
--------- |
--------- |
|
Transfers between funds |
(2,118) |
2,118 |
– |
– |
Revaluation loss |
(
8,720) |
– |
(
8,720) |
– |
-------- |
--------- |
--------- |
--------- |
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Net movement in funds |
(
|
(
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(
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(
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Total funds brought forward |
|
|
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--------- |
--------- |
--------- |
--------- |
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Total funds carried forward |
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|
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--------- |
--------- |
--------- |
--------- |
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Statement of Financial Position |
2024 |
2023 |
|
Note |
£ |
£ |
Tangible fixed assets |
16 |
|
|
Debtors |
17 |
|
|
Cash at bank and in hand |
|
|
|
--------- |
--------- |
||
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|
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Creditors: amounts falling due within one year |
18 |
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--------- |
--------- |
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Net Current Assets |
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--------- |
--------- |
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Total Assets Less Current Liabilities |
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--------- |
--------- |
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Net Assets |
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--------- |
--------- |
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Restricted funds |
|
|
|
Unrestricted funds |
|
|
|
--------- |
--------- |
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Total charity funds |
21 |
|
|
--------- |
--------- |
||
|
Trustee |
|
Statement of Cash Flows |
2024 |
2023 |
|
£ |
£ |
|
Net expenditure |
(32,410) |
(6,504) |
Adjustments for: |
||
Depreciation of tangible fixed assets |
|
|
Other interest receivable and similar income |
(
|
(
|
Accrued income |
(
|
(
|
Changes in: |
||
Trade and other debtors |
|
(
|
Trade and other creditors |
(
|
|
-------- |
-------- |
|
Cash generated from operations |
(
|
(
|
Interest received |
|
|
-------- |
-------- |
|
Net cash used in operating activities |
(
|
(
|
-------- |
-------- |
|
Purchase of tangible assets |
(
|
– |
-------- |
-------- |
|
Net cash used in investing activities |
(
|
– |
-------- |
-------- |
|
Net Decrease in Cash and Cash Equivalents |
(
|
(
|
Cash and Cash Equivalents at Beginning of Year |
203,986 |
229,237 |
--------- |
--------- |
|
Cash and Cash Equivalents at End of Year |
|
|
--------- |
--------- |
|
|
Notes to the Financial Statements |
Freehold property |
- |
|
|
Long leasehold property |
- |
|
|
Fixtures and fittings |
- |
Straight line over 3 - 5 years
|
|
Unrestricted Funds |
Total Funds 2024 |
Unrestricted Funds |
Total Funds 2023 |
||
£ |
£ |
£ |
£ |
||
Donations |
2,241 |
2,241 |
2,509 |
2,509 |
|
------- |
------- |
------- |
------- |
||
Unrestricted Funds |
Restricted Funds |
Total Funds 2024 |
||
£ |
£ |
£ |
||
MacMillan |
– |
51,370 |
51,370 |
|
MaPS DAP |
– |
107,815 |
107,815 |
|
CC Money Advice |
– |
57,060 |
57,060 |
|
Copeland Borough Council |
– |
– |
– |
|
Cumberland Council |
32,000 |
33,933 |
65,933 |
|
National Citizens Advice |
– |
46,798 |
46,798 |
|
The National Lottery Community Fund |
– |
– |
– |
|
Phyllis Harney Trust |
25,000 |
– |
25,000 |
|
Groundwork North East & Cumbria |
– |
501 |
501 |
|
Sellafield |
5,000 |
– |
5,000 |
|
Cumbria Community Foundation |
– |
139,316 |
139,316 |
|
Copeland Community Foundation |
– |
183,688 |
183,688 |
|
Other grants |
– |
8,122 |
8,122 |
|
-------- |
--------- |
--------- |
||
|
|
|
||
-------- |
--------- |
--------- |
||
Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
||
£ |
£ |
£ |
||
MacMillan |
– |
28,920 |
28,920 |
|
MaPS DAP |
– |
111,598 |
111,598 |
|
CC Money Advice |
– |
57,060 |
57,060 |
|
Copeland Borough Council |
32,000 |
5,000 |
37,000 |
|
Cumberland Council |
7,000 |
80,036 |
87,036 |
|
National Citizens Advice |
506 |
23,244 |
23,750 |
|
The National Lottery Community Fund |
– |
50,833 |
50,833 |
|
Phyllis Harney Trust |
30,000 |
– |
30,000 |
|
Groundwork North East & Cumbria |
– |
39,452 |
39,452 |
|
Sellafield |
– |
– |
– |
|
Cumbria Community Foundation |
– |
125,577 |
125,577 |
|
Copeland Community Foundation |
– |
90,774 |
90,774 |
|
Other grants |
1,412 |
21,301 |
22,713 |
|
-------- |
--------- |
--------- |
||
|
|
|
||
-------- |
--------- |
--------- |
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Unrestricted Funds |
Total Funds 2024 |
Unrestricted Funds |
Total Funds 2023 |
||
£ |
£ |
£ |
£ |
||
Bank interest receivable |
|
|
|
|
|
------- |
------- |
---- |
---- |
||
Unrestricted Funds |
Restricted Funds |
Total Funds 2024 |
||
£ |
£ |
£ |
||
Other income |
|
|
|
|
---- |
---- |
---- |
||
Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
||
£ |
£ |
£ |
||
Other income |
|
|
|
|
---- |
---- |
------- |
||
Unrestricted Funds |
Restricted Funds |
Total Funds 2024 |
||
£ |
£ |
£ |
||
Direct charitable costs |
44,769 |
558,798 |
603,567 |
|
Support costs |
26,504 |
98,405 |
124,909 |
|
-------- |
--------- |
--------- |
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|
|
|
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-------- |
--------- |
--------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
||
£ |
£ |
£ |
||
Direct charitable costs |
43,453 |
567,152 |
610,605 |
|
Support costs |
31,927 |
72,896 |
104,823 |
|
-------- |
--------- |
--------- |
||
|
|
|
||
-------- |
--------- |
--------- |
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Activities undertaken directly |
Support costs |
Total funds 2024 |
Total fund 2023 |
||
£ |
£ |
£ |
£ |
||
Direct charitable costs |
603,567 |
123,709 |
727,276 |
714,421 |
|
Governance costs |
– |
1,200 |
1,200 |
1,007 |
|
--------- |
--------- |
--------- |
--------- |
||
|
|
|
|
||
--------- |
--------- |
--------- |
--------- |
||
2024 |
2023 |
|
£ |
£ |
|
Depreciation of tangible fixed assets |
3,591 |
12,975 |
------- |
-------- |
|
2024 |
2023 |
|
£ |
£ |
|
Independent examination of the financial statements |
1,200 |
1,200 |
------- |
------- |
|
2024 |
2023 |
|
£ |
£ |
|
Wages and salaries |
|
|
Social security costs |
|
|
Employer contributions to pension plans |
20,882 |
18,442 |
--------- |
--------- |
|
|
|
|
--------- |
--------- |
|
2024 |
2023 |
|
No. |
No. |
|
Project staff |
9 |
9 |
Supervisory staff |
1 |
1 |
Administrative staff |
5 |
4 |
Other staff |
2 |
2 |
---- |
---- |
|
17 |
16 |
|
---- |
---- |
|
Freehold property |
Fixtures and fittings |
Total |
|
£ |
£ |
£ |
|
Cost |
|||
At 1 April 2023 |
|
|
|
Additions |
– |
|
|
Revaluations |
(
|
– |
(
|
--------- |
-------- |
--------- |
|
At 31 March 2024 |
|
|
|
--------- |
-------- |
--------- |
|
Depreciation |
|||
At 1 April 2023 |
|
|
|
Charge for the year |
|
|
|
--------- |
-------- |
--------- |
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At 31 March 2024 |
|
|
|
--------- |
-------- |
--------- |
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Carrying amount |
|||
At 31 March 2024 |
|
|
|
--------- |
-------- |
--------- |
|
At 31 March 2023 |
|
– |
|
--------- |
-------- |
--------- |
|
2024 |
2023 |
|
£ |
£ |
|
Trade debtors |
– |
|
Prepayments and accrued income |
|
|
-------- |
-------- |
|
|
|
|
-------- |
-------- |
|
2024 |
2023 |
|
£ |
£ |
|
Trade creditors |
|
|
Accruals and deferred income |
|
|
-------- |
--------- |
|
|
|
|
-------- |
--------- |
|
2024 |
2023 |
|
£ |
£ |
|
At 1 April 2023 |
101,323 |
100,231 |
Amount released to income |
(101,323) |
(100,231) |
Amount deferred in year |
78,948 |
101,323 |
--------- |
--------- |
|
At 31 March 2024 |
78,948 |
101,323 |
--------- |
--------- |
|
At 1 Apr 2023 |
Income |
Expenditure |
Transfers |
Gains and losses |
At 31 Mar 2024 |
|
£ |
£ |
£ |
£ |
£ |
£ |
|
General funds |
131,839 |
42,462 |
(43,398) |
(3,165) |
– |
127,738 |
Capital Fund |
83,720 |
– |
(2,432) |
1,047 |
(8,720) |
73,615 |
Phyllis Harney Trust |
4,160 |
25,000 |
(25,443) |
– |
– |
3,717 |
--------- |
-------- |
-------- |
------- |
------- |
--------- |
|
219,719 |
67,462 |
(71,273) |
(2,118) |
(8,720) |
205,070 |
|
--------- |
-------- |
-------- |
------- |
------- |
--------- |
|
At 1 Apr 2022 |
Income |
Expenditure |
Transfers |
Gains and losses |
At 31 Mar 2023 |
|
£ |
£ |
£ |
£ |
£ |
£ |
|
General funds |
134,897 |
44,447 |
(32,010) |
(15,495) |
– |
131,839 |
Capital Fund |
– |
– |
(12,975) |
96,695 |
– |
83,720 |
Phyllis Harney Trust |
4,155 |
30,400 |
(30,395) |
– |
– |
4,160 |
--------- |
-------- |
-------- |
-------- |
---- |
--------- |
|
139,052 |
74,847 |
(75,380) |
81,200 |
– |
219,719 |
|
--------- |
-------- |
-------- |
-------- |
---- |
--------- |
|
At 1 Apr 2023 |
Income |
Expenditure |
Transfers |
Gains and losses |
At 31 Mar 2024 |
|
£ |
£ |
£ |
£ |
£ |
£ |
|
Equipment |
– |
– |
(1,159) |
3,478 |
– |
2,319 |
Financial Inclusion Project |
– |
161,734 |
(161,322) |
(412) |
– |
– |
CCC Money Advice |
1,123 |
57,060 |
(57,992) |
(191) |
– |
– |
MASDAP |
2,215 |
107,815 |
(108,487) |
(1,543) |
– |
– |
MacMillan |
382 |
51,371 |
(51,575) |
(178) |
– |
– |
Groundwork |
– |
501 |
(3,116) |
2,615 |
– |
– |
Phoenix Enterprise Centre project |
– |
7,656 |
(7,619) |
(37) |
– |
– |
TWC Financial Wellbeing |
3,138 |
67,147 |
(70,172) |
(113) |
– |
– |
TWC Core Costs |
6,241 |
22,507 |
(28,670) |
(78) |
– |
– |
CCC Hardship Fund |
– |
– |
– |
– |
– |
– |
CCC Household Essentials Fund |
– |
– |
– |
– |
– |
– |
TWC Bedrock Fund |
2,949 |
42,500 |
(45,277) |
(172) |
– |
– |
Energy Advice Project |
9,799 |
31,798 |
(41,485) |
(112) |
– |
– |
CCC First Contact |
– |
22,408 |
(22,311) |
(97) |
– |
– |
CCC Mental Wellbeing Project |
382 |
6,443 |
(6,480) |
(345) |
– |
– |
COMF Benefit Advice |
– |
– |
– |
– |
– |
– |
Copeland Hardship Relief Fund |
3,038 |
21,953 |
(24,379) |
(612) |
– |
– |
Employment Advice |
– |
– |
– |
– |
– |
– |
Foodbank Outreach |
– |
– |
– |
– |
– |
– |
Hospital Discharge Advice |
– |
– |
– |
– |
– |
– |
TWC Mental Health & Wellbeing |
– |
7,162 |
(7,145) |
(17) |
– |
– |
Waiting Well project |
– |
467 |
– |
– |
– |
467 |
Cost Of Living project |
– |
15,000 |
(14,950) |
(50) |
– |
– |
CC Form Filling Project |
– |
5,082 |
(5,064) |
(18) |
– |
– |
Other restricted funds |
– |
– |
– |
– |
– |
– |
-------- |
--------- |
--------- |
------- |
---- |
------- |
|
29,267 |
628,604 |
(657,203) |
2,118 |
– |
2,786 |
|
-------- |
--------- |
--------- |
------- |
---- |
------- |
|
At 1 Apr 2022 |
Income |
Expenditure |
Transfers |
Gains and losses |
At 31 Mar 2023 |
|
£ |
£ |
£ |
£ |
£ |
£ |
|
Equipment |
86,048 |
– |
– |
(86,048) |
– |
– |
Financial Inclusion Project |
– |
138,569 |
(140,641) |
2,072 |
– |
– |
CCC Money Advice |
1,189 |
57,060 |
(57,126) |
– |
– |
1,123 |
MASDAP |
2,116 |
111,598 |
(111,499) |
– |
– |
2,215 |
MacMillan |
402 |
28,920 |
(28,940) |
– |
– |
382 |
Groundwork |
– |
39,452 |
(39,882) |
430 |
– |
– |
Phoenix Enterprise Centre project |
– |
7,656 |
(7,646) |
(10) |
– |
– |
TWC Financial Wellbeing |
3,122 |
59,611 |
(59,595) |
– |
– |
3,138 |
TWC Core Costs |
6,189 |
33,740 |
(33,688) |
– |
– |
6,241 |
CCC Hardship Fund |
– |
24,000 |
(24,000) |
– |
– |
– |
CCC Household Essentials Fund |
4,214 |
5,000 |
(9,292) |
78 |
– |
– |
TWC Bedrock Fund |
2,949 |
7,545 |
(7,545) |
– |
– |
2,949 |
Energy Advice Project |
9,789 |
23,244 |
(23,234) |
– |
– |
9,799 |
CCC First Contact |
– |
7,592 |
(9,708) |
2,116 |
– |
– |
CCC Mental Wellbeing Project |
– |
25,844 |
(25,821) |
359 |
– |
382 |
COMF Benefit Advice |
– |
22,600 |
(22,595) |
(5) |
– |
– |
Copeland Hardship Relief Fund |
– |
3,038 |
– |
– |
– |
3,038 |
Employment Advice |
– |
10,000 |
(10,076) |
76 |
– |
– |
Foodbank Outreach |
– |
3,645 |
(3,645) |
– |
– |
– |
Hospital Discharge Advice |
– |
15,282 |
(15,327) |
45 |
– |
– |
TWC Mental Health & Wellbeing |
– |
9,681 |
(9,788) |
107 |
– |
– |
Waiting Well project |
– |
– |
– |
– |
– |
– |
Cost Of Living project |
– |
– |
– |
– |
– |
– |
CC Form Filling Project |
– |
– |
– |
– |
– |
– |
Other restricted funds |
420 |
– |
– |
(420) |
– |
– |
--------- |
--------- |
--------- |
-------- |
---- |
-------- |
|
116,438 |
634,077 |
(640,048) |
(81,200) |
– |
29,267 |
|
--------- |
--------- |
--------- |
-------- |
---- |
-------- |
|
Unrestricted Funds |
Restricted Funds |
Total Funds 2024 |
||
£ |
£ |
£ |
||
Tangible fixed assets |
73,615 |
2,319 |
75,934 |
|
Current assets |
229,621 |
467 |
230,088 |
|
Creditors less than 1 year |
(98,166) |
– |
(98,166) |
|
--------- |
------- |
--------- |
||
Net assets |
205,070 |
2,786 |
207,856 |
|
--------- |
------- |
--------- |
||
Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
||
£ |
£ |
£ |
||
Tangible fixed assets |
83,720 |
– |
83,720 |
|
Current assets |
246,262 |
24,419 |
270,681 |
|
Creditors less than 1 year |
(105,415) |
– |
(105,415) |
|
--------- |
-------- |
--------- |
||
Net assets |
224,567 |
24,419 |
248,986 |
|
--------- |
-------- |
--------- |
||
At 1 Apr 2023 |
Cash flows |
At 31 Mar 2024 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
|
(49,628) |
|
--------- |
-------- |
--------- |
|