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|TRUSTEES|P Boyle (Chair)|||
|---|---|---|---|
||G Dart —term ofoffice ended 23 February 2021|||
||A Gardiner|||
||S Gaysford|||
||KJordan|||
||F Morris-Jones|(Deputy Chair)||
||D Widdowson|||
|COMPANY SECRETARY|Nneka Egbuji|||
|REGISTERED OFFICE|The Green House|||
||244-254 Cambridge||Heath Road|
||London|||
||E2 9DA|||
|REGISTERED COMPANY NUMBER|02849833 (England||and Wales)|
|REGISTERED CHARITY NUMBER|1025557|||
|AUDITORS|Azets Audit Services|||
||Statutory
Auditor|||
||2nd Floor, Regis House|||
||45 King William|Street||
||London|||
||EC4R 9AN|||
|BANKERS|CAF Bank|||
||Kings
Hill|||
||West Mailing|||
||Kent|||
||ME19 4TA|||
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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
PROTECT IWHISTLEBLOWING ADVICEI LIMITED
Matters on whlch we are r•qulrgd to r•port by excèpllon
In the light of the kwwledge and understanding ol the chantable company and its environment obtained in the course of
the a(KJit. we have not Identified material misstatements in the directors, report.
We have nothing to report in respect of the folh)wn9 matlers in relation to which th8 Cornpantes Ad 20[% wuires us to
report tg you if, in our opinion..
adequate accA)unting records have b88n kept, or retum5 8dequ8¢8 lor our audit have not been received from
branches not visitèd by u5,. or
• lh8 fin8nci81 stat8ment$ are [t in agreemenl wrth the accounting records and roiums., or
cèrtain disdosures of direolors, remuneration specified by law are not mad8, or
we havo not received all the inlomiotion and 8xplanation5 require for our audit. or
the trustees were not enti118d to pr8pare the financial statements in accordance with th8 small compani*$' règim
nd takè advantage of the small ¢(pan?$, exemptions in preparing the d1ctorS, report and from the
requirement to prepare a strategi¢ iepo
Re$ponslbillti•s of trvstt•s
As explained morè fully In the trustaas, rgsponsibilits'es ststemenl set out on page 9. th? tru51e8s (who are also the
directors of thg ¢haritable ¢ornpany for Ihe purposes ol c4)mpany L3wl are responsiblt for the pr8par3tion of the finanual
statements and for being satisfied that thtsy give a trutr and fair vigw, ar ft)r such inlemal control as tho tru5te98
d&temiine is necessary to enable Ihe preparation of fin*Ki81 ststements that a free from material misstatem8nt.
whether dutt to fraud or error.
In preparing the financial 5tstements, the trustees are responsib lor assessing the charitable company's ability to
continue as a golng concem. (Jisdosing, as 8pplicab18, rnatter5 r8laled to goiro ncern aryj using the going concem
basis ol aCCUntIng unless the trustees either intend to liquidate the charitstme company or to $6 operations, or have
rKJ realisiic aiièmativa but io do so.
Audltorf$ ro$pon$lbSllUos for th• audit ot the financial 5tatemonts
Our otyectives are lo obtarn aSonable assufanee about whether the finanThal ststemenls as a whole are free from
mateNal rn15$tatetnent. whether due to fraud or error. and lo issu? an audbtor's report that inGludes our opinion.
Reasonable assurance is a high level of assurance, but is not a gu8rant88 that an auolt nducted in aceordanee with
ISAS IUKI will afvdys detect a material misslatemenl when it exists. Misstatements can arise Irom frduIJ or error and are
considered mat8rial rf, in¢Jividually or in the aggregate. they oiukl reasonably be expectèd to influence the econom
dècisions of users taken on the basis of these financial stslements.
Irregularits'es, inclu¢Jing fraud, arè Instsneès Of nOn-(x)ml8nCtt wrth law8 and regulal"Jons. We éesKJn pNKedures in line
with our re5ponsibiliti8s, ouUin8d above, to detect maleril misstatements In respect of irr8gulairti8s. indudtng fraud.
Because of the Inhet limitations of an audit, there Is a risk thai wtr will not delect all irregularities. in¢Juding those
leading to a material misstatemonl in the finanoal statements or non-cornpliance with regulation. Thls risk increases thè
mwe that (X)mplIan wth a law or regulation is removed from the ewents and transactions refieded in th8 finan¢ial
slaternents, as we will be 18ss lik81y to become aware of inslan¢es of non-C(xnpliance. The risk is also greater regarding
rregularities occijrring due to Iraud r8lher than error. as fraud involves intentional coneealmgnt, forgery. collusion.
omission or misrepresentslion.
A further descriptH)n of our POnSibl11eS is availableon the Fin8no81 Reporting Council's websrte at.
httpsJlwww.Irc.org.uklOur-WorklAudrtlAudil-and-assuran¢elSlandards-and-guidancelStandards-and-guidanc&for-
auditorslAudrtors-responsibilities-lOr-8udDeSCnpti0n-0I-audItoS-responslblli"e$fOr.aUOrt.aSpx. This descripbon fom)s
p?rt of our auditor's report.
Page11
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|||||2020|2020|2020|2019|
|---|---|---|---|---|---|---|---|
||||Notes|Unrestricted|Restricted
E|Totalfunds
E|Total fundsf|
|INCOME AND ENDOWMENTS||FROM||||||
|Donations
and legacies||||10,919|10,000|20,919|29,564|
|Charitable
activities||||||||
|Business support
and|fundraising|||208,002||208,002|248,363|
|Advice line||||630,390||630,390|615,406|
|Investment
income||||332||332|626|
|Other income||||10,625||10,625||
|Total||||860,268|10,000|870,268|893,959|
|EXPENDITURE ON||||||||
|Charitable
activities||||||||
|Business support
and|fundraising|||269,908||269,908|283,881|
|Advice line||||398,009|2,500|400,509|421,241|
|Public Education
and|Policy|||130,600||130,600|137,362|
|Development
and Growth||||34,827||34,827|36,630|
|Total||||833,344|2,500|835,844|879,114|
|NET INCOME||||26,924|7,500|34,424|14,845|
|RECONCILIATION
OF FUNDS||||||||
|Total funds brought|forward|||89,080||89,080|74,235|
|TOTAL FUNDS CARRIED FORWARD|||17|116,004|7,500|123,504|89,080|
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|||2020|2019|
|---|---|---|---|
|||Total funds|Total funds|
||Notes|||
|FIXED ASSETS||||
|Tangible assets|13|7,783|11,465|
|CURRENT ASSETS||||
|Debtors|14|292,434|305,675|
|Cash at bank||279 306|209 613|
|||571,740|515,288|
|CREDITORS||||
|Amounts
falling due within one year|15|(456,019)|(437,673)|
|NET CURRENT ASSETS||115721|77 615|
|TOTAL ASSETS LESSCURRENT LIABILITIES||123,504|89,080|
|NET ASSETS||123504|89 080|
|FUNDS|17|||
|Unrestricted
funds||116,004|89,080|
|Restricted funds||7500||
|TOTAL FUNDS||123504|89080|
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|||||||2020|2019|
|---|---|---|---|---|---|---|---|
||||||Notes|||
|Cash flows from operating|activities:|||||||
|Cash generated
from operations|||||19|69,361|87,951|
|Net cash provided
by operating||activities||||||
|||||||69,361|87,951|
|Cash flows from investing|activities:|||||||
|Purchase oftangible
fixed assets|||||||(13,230)|
|Current asset cash investments||||||||
|Interest received||||||332|626|
|Net cash provided
by (used in)||investing||||||
|activities||||||332|~12.604)|
|Cash flows from financing|activities:|||||||
|Capital repayments
in year||||||||
|Net cash provided
by (used in)||financing||||||
|activities||||||||
|Change
in cash and cash equivalents|||in the|||69,693|75,347|
|reporting
period||||||||
|Cash and cash equivalents|at the beginning|||of||||
|the reporting
period||||||209,613|134,266|
|Cash and cash equivalents|at the end||ofthe|||||
|reporting
period||||||279 306|209,613|
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|The Trustees
statements.|The Trustees
statements.|consider that there are no significant
judgeme|nts
or estimates
in the preparation
ofth|ese financial|
|---|---|---|---|---|
|DONATIONS||AND LEGACIES|||
||||2020|2019|
|||||F|
|Donations|(unrestricted)||10,919|29,564|
|Donations|(restricted)||10,000||
||||29919|29,564|
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|4.|INCOME|FROM|CHARITABLE|ACTIVITIES|||||
|---|---|---|---|---|---|---|---|---|
|||||Activity|||2020
f|2019
f|
||Incoming|resources from|||||||
||charitable|activities||Business support|and fundraising||208,002|248,363|
||Incoming|resources from|||||||
||charitable|activities||Advice line|||630,390|615,406|
||||||||838,392|863,769|
|5.|INVESTMENT INCOME||||||||
||||||||2020
f|2019
f|
||Investment
income||||||332|626|
|6.|OTHER INCOME||||||||
||||||||2020
f|2019
f|
||Furlough|funding|||||1~0625||
|7.|CHARITABLE ACTIVITIES COSTS||||||||
||||||||Support||
|||||||Direct costs|costs|Totals|
|||||||(See note 8)
f|(See note 9)
f|f|
||Business|support|and fundraising|||230,536|39,372|269,908|
||Advice line|||||342,086|58,423|400,509|
||Public Education||and Policy|||111,549|19,051|130,600|
||Development
and||Growth|||29,747|5,080|34,827|
|||||||713 918|121,926|835,844|
|8.|DIRECT|COSTS|OF CHARITABLE ACTIVITIES||||||
||||||||2020
f|2019
f|
||Staff costs||||||575,904|590,923|
||Non-staff|costs|||||138014|175,477|
||||||||713,918|766,400|
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|SUPPORT COSTS|||||||
|---|---|---|---|---|---|---|
||||||Governance||
|||||Management
f|costs
f|Totals
f|
|Business support
and fundraising||||21,122|18,250|39,372|
|Advice line||||31,343|27,080|58,423|
|Public Education
and Policy||||10,221|8,830|19,051|
|Development
and Growth||||2,725|2,355|5,080|
|||||65,411|56,515|121,926|
|NET INCOME/(EXPENDITURE)|||||||
|Net income/(expenditure)||is stated|after charging/(crediting):||||
||||||2020
f|2019
f|
|Depreciation
- owned assets|||||3,682|5,244|
|Operating
lease rentals|||||44,568|53,814|
|Auditor's
remuneration|-statutory||audit||6,600|6,500|
|Auditor's
remuneration|—other services||||1,500|1,500|
|Non-staff costs are made||up of:|||||
||||||2020|2019|
|||||||f|
|Premises|||||74,426|89,959|
|Communications|||||6,136|15,001|
|Depreciation|||||3,682|5,244|
|Training
and library|||||13,229|14,525|
|Public relations
and marketing|||||8,585|21,688|
|Service costs|||||97|85|
|Office expenses|||||15,441|18,828|
|Auditor's
remuneration|- statutory||audit||6,600|6,500|
|Auditor's
remuneration|- non-audit||services||1,500|1,500|
|Provision
for bad debts|||||29,484|15,225|
|Professional fees|||||548|48|
|Other|||||16,885|14,088|
||||||176,613|202,691|
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|||||||||||2020|2019|
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||f|
|Salaries and wages||||||||||549,744|562,175|
|Social security costs||||||||||50,794|54,218|
|Employer's|contribution|to defined||contribution|pension||scheme|||29,634|27,723|
|Other staff|costs|||||||||16536|32,308|
|||||||||||648,708|676,423|
|The average full-time employees'|||equivalent||number|during||the year|was 16.9(2019:17.4).|||
|Employees|remunerated|in excess||off60,000 excluding|||employer's||pension|contributions
are as follows:||
|||||||||||2020|2019|
||||||||||||F|
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|TANGIBLE FIXEDASSETS||||
|---|---|---|---|
||Fixtures and|Computer||
||fittings|equipment
f|Totals
f|
|COST||||
|At 1 January 2020|30,791|37,534|68,325|
|Additions||||
|At 31 December 2020|30,791|37,534|68,325|
|DEPRECIATION||||
|At 1 January 2020|20,597|36,263|56,860|
|Charge for year|3,376|306|3,682|
|At 31 December 2020|23,973|~36569|60,542|
|NET BOOK VALUE||||
|At 31 December 2020|6,818|965|7,783|
|At 31 December 2019|10,194|1,271|11,465|
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|DEBTORS:A|MOUNTS
FALLING DUE WITHIN ONE YEAR|||
|---|---|---|---|
|||2020
f|2019
f|
|Trade debtors||267,289|265,566|
|Other debtors||5,793|11,524|
|Prepayments|and accrued income|19,352|28,585|
|||292,434|305,675|
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|||||2020|2019|
|---|---|---|---|---|---|
||||||f|
|Trade creditors||||13,497|8,369|
|Social security and other taxes||||70,162|103,259|
|Accruals|and deferred
income|||372,360|326,045|
|||||456049|437,673|
|Deferred|income reconciliation:|||||
|||||2020
f|2019
f|
|Brought|forward
balance at 1 January|||303,290|291,928|
|Amounts|recognised as incoming|resources|in the year|(303,290)|(291,928)|
|Amount|deferred at 31 December|||342,037|303,290|
|||||342,037|303,290|
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|and is included
in cr|edi|tors
u|nder|other tax and social security.||||
|---|---|---|---|---|---|---|---|
|||||||2020|2019|
|Contributions
payable||by the|company for the year|||29,634|27,723|
|RECONCILIATION|OF NET||INCOME TO NET CASH FLOW||FROM OPERATING|ACTIVITIES||
|||||||2020|2019|
|Net income for the|reporting||period (as per the statement||offinancial|||
|activities)||||||34,424|14,845|
|Adjustments
for:||||||||
|Depreciation
charges||||||3,682|5,244|
|Interest received||||||(332)|(626)|
|Decrease
in debtors||||||13,241|49,681|
|Increase
in creditors||||||18,346|18,807|
|Net cash provided|by|operating||activities||69,361|67,951|
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