## |||Page| |---|---|---| |Reference|and Administrative
Details|| |Report of|the Trustees|2 to 9| |Report of|the Independent
Auditors|10-12| |Statement|of Financial Activities|13| |Statement|of Financial
Position|14| |Statement|ofCash Flows|15| |Notes to the Financial Statements||16to 24| ## |TRUSTEES|P Boyle (Chair)|||| |---|---|---|---|---| ||G Dart (term of|office||ended 23 February 2021)| ||A Gardiner|||| ||S Gaysford|||| ||J Graham
(appointed|||29 November 2021)| ||KJordan|||| ||R Lloyd (appointed||12 May 2021)|| ||F Morris-Jones|(Deputy Chair)||| ||R Passi (appointed||12 May 2021)|| ||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|||| ||ME194TA|||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF PROTECT (WHISTLEBLOWING ADVICEI LIMITED Mattern on whlch wg are roqulred to rnport by •x¢eptton In the Ivjht of the knowledge and understsnding ol the charrtable Company and rts environment obtained in the course ol the audit, have not id6nbfi8d material misstalamènts In th8 directors. reporL Vve have nothing to r8POrt in r8specl ol the following matters in rekts'on to which tha Companigs Act 2006 requires us to r&port W you if. in our opinion.. . adequate accountiThJ records have not been kept, or rètum5 ad8quat8 for oyr audrt have no¢ been received from branches not visited by ug", or the financial 5tatem8nis are nol in agreernent wrth the accounting records and returns, or • e*rtain di3dosure5 of dire¢tors' remunerats'on specified by law a￿ not made," or we have not received all the information and explanatsons w• raquir8 lor our audit; or the trustees were not entitled lo prepare the finanaal stalam8nts in accordance with the small companies. regime and take advantagè of the sm911 compan￿$, 8x8mption$ tn preparing the directors. ￿port and from the r￿U1rem&nt to prépare a strategic reporL Re$pon8ibllltle$ of trustees As explained m￿8 fully in the trustses, r•sponsbilits"&s statamanl sot ou¢ on page 9, the Irustses Iwho are also tho directors of the d)arrtable company for the purptsses of company 18wl are responsible for the preparation of the financial st8ternents and for being Satisf￿ that they give a true and lair view, aThd for such intèmal ctsntrol as the trustees determine is necessary to enable the preparation of finamal statements that art fre8 from rnatwial misstatement, whether due to fraud or error In p￿paring the financial statemènts, thè trusteès are responsible for asses$￿Tr9 the Cttaritab￿ company's abilty to ¢ontinuo as a going concern. disclo$ing, as applicable. matters related lo going concern and using the going Concern b8543 of 8c¢ountiThg unle53 the trustts5 erther intend to liquidate the charitaue company or to eeasè 0￿ratiOnS, or have no realistic altemative bul lo do $0. Audltor'8 rèsponsibilitiès for th• audit of the financial ststements Our objectivès arè to obtain reason8ble aSSUf¥n¢e about whether the financial statements as a whole a￿ f￿e trom matenal misstatement. whether due to fraud ot errol, and to Issue an auditor's report ihat includes our opinion. Rèasonable a5suranc8 is a high level of assurance, but is not 8 guarantee that an a￿Y1t conducted in accordaneo with ISAS IUKI will alw8ys detert a materyal mi5Statement when it exists. Misstatements can arise from fraud or error and are considored Inalenal li, individualty or ill th& aggregate. ihey could ¥eason*)ly oe e¥p6Cted to influence tkie economic decisions of users lakgn on thg basis of these financial statements. The specific prIxedu￿S for this engag9rn8nt and the extent to which these are CapatI￿ of detecting irregularities, including fraud Is d&tal￿d below. Enquiry ol management and those charged governance around actual and potentsal litigation and claims as well as actual, suspected and alleged fraud", Revwing Tninutes of meets.ngs of those charged with governance.. Asse$5tng Ihe extent ol Complian￿ with the laws regulations considered lo havs ) diract material elfect on the financial statements or the operations of Ihe company through enquiry and inspection.. Reviewing financial statement disclosures and testing 10 supporting dowrrtenlation to assess com￿18n¢8 wth applicab￿ laws and regulations., P¢rfoiming audit WQTk over thè ol managemenl ￿'aS and override of controls, Including tèsb.ng of joumal entr￿5 and other adjustment5 ft)r approprialene5s, evaluating the business ratsonalè of significant tra￿sactIonS outside the nonnal course ol business and revrewing accounting èsbmates for in¢JicatOFS of pot¥nbal bias. Irwularilies, including fraud, are instances of non-complianc8 with law5 and wulations We desi9n procedures in line with our responsibilit￿s, outlinad abovè, to datèct matènal mi5$taternents in respect ol Irregulants'es. induding fraud. Because of the inherent lirnitations of an audil, there is a nsk that we will not d•t8Ct all irregularities, including those *eading to a material misstatement in the financial statements or non-eompliance with regulaty'on. This risk increases the mofft that Complian￿ with a law Of regulats.on Is removed from the evenis and transactions reflected in the financial statements, as we will be less likely to beeome awa￿ ol instan¢ès of non-cornp1ian￿ The fi$￿ is also g￿ater regarding irregularib8s occurring du8 to fraud rather than wror, as fraud involves Intentsonal concealment, forgèry, ctsllusion, omissK)n or misrepresenlabon. A further descnption ol our responsibilities is availablèon thè Finan￿81 Reporting Council's websits at htty8".Ilw￿ Irc.org.ukJOur-WothlAudiVAudit-8nd-assUrancelStandard5-and-guidan￿S￿ndar￿$-a￿d.guIdanCe-f0r- audthrslAuditors-r¥$ponsoili)'èS-for-audiVDè$cripbon￿f-oy41tor￿re3ponSlbll1￿"e$-fOr-audIl.aSpx. This dèscription lomts part of our audrtor's r•ptsrL P8ge11 ## ## ## ## |||||2021|2021|2021|2020| |---|---|---|---|---|---|---|---| ||||Notes|Unrestricted|Restricted
f|Total funds|Total funds
E| |INCOME AND ENDOWMENTS||FROM|||||| |Donations
and legacies||||8,259||8,259|20,919| |Charitable
activities|||||||| |Business support
and|fundraising|||230,626||230,626|208,002| |Advice line||||638,460||638,460|630,390| |Investment
income||||262||262|332| |Other income|||||||10,625| |Total||||877,607||877,607|870,268| |EXPENDITURE ON|||||||| |Charitable
activities|||||||| |Business support
and|fundraising|||255,559|2,422|257,981|269,908| |Advice line||||379,217|3,593|382,810|400,509| |Public Education
and|Policy|||123,655|1,172|124,827|130,600| |Development
and Growth||||32,975|313|33,288|34,827| |Total||||791,406|7,500|798,906|835,844| |NET INCOME||||86,201|(7,500)|78,701|34,424| |RECONCILIATION
OF FUNDS|||||||| |Total funds brought|forward|||116,004|7,500|123,504|89,080| |TOTAL FUNDS CARRIED FORWARD|||17|202,205||202,205|123,504| ## ## |||2021|2020| |---|---|---|---| |||Total funds|Total funds| ||Notes||| |FIXEDASSETS|||| |Tangible assets|13|3,509|7,783| |CURRENT ASSETS|||| |Debtors|14|226,248|292,434| |Cash at bank||441,266|279,306| |||667,514|571,740| |CREDITORS|||| |Amounts
falling due within one year|15|(468,818)|(456,019)| |NET CURRENT ASSETS||196696|115,721| |TOTAL ASSETSLESSCURRENT LIABILITIES||202,205|123,504| |NET ASSETS||202,205|123,504| |FUNDS|17||| |Unrestricted
funds||202,205|116,004| |Restricted
funds|||7,500| |TOTAL FUNDS||202 205|123„504| ## ## |||||||2021|2020| |---|---|---|---|---|---|---|---| ||||||Notes||f| |Cash flows from operating|activities:||||||| |Cash generated
from operations|||||19|161,698|69,361| |Net cash provided
by operating||activities|||||| |||||||161696|69,361| |Cash flows from investing|activities:||||||| |Purchase oftangible
fixed assets|||||||| |Current asset cash investments|||||||| |Interest received||||||262|332| |Net cash provided
by (used in)||investing|||||| |activities||||||262|332| |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|||161,960|69,693| |reporting
period|||||||| |Cash and cash equivalents|at the beginning|||of|||| |the reporting
period||||||279,306|209,613| |Cash and cash equivalents|at the end||ofthe||||| |reporting
period||||||441 266|279 306| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |4.|INCOME|FROM|CH|ARITABLE ACTIVITIES||||||| |---|---|---|---|---|---|---|---|---|---|---| |||||Activity|||||2021
f|2020
F| ||Incoming|resources||from||||||| ||charitable|activities||Business support|and fundraising|||230,626||208,002| ||Incoming|resources||from||||||| ||charitable|activities||Advice line||||638,460||630,390| |||||||||869085||838,392| |5.|INVESTMENT INCOME|||||||||| ||||||||||2021
f|2020
F| ||Investment
income||||||||262|332| |6.|OTHER INCOME|||||||||| ||||||||||2021
F|2020
f| ||Furlough|funding||||||||10,625| |7.|CHARITABLE ACTIVITIES COSTS|||||||||| |||||||||Support||| |||||||Direct costs|||costs|Totals| |||||||(See|note 8)
f|(See|note 9)
f|f| ||Business|support|and fundraising|||232,284|||25,697|257,981| ||Advice line|||||344,680|||38,130|382,810| ||Public Education||and|Policy||112,395|||12,432|124,827| ||Development
and||Growth||||29,972||3316|33,288| |||||||719331|||79575|798906| |8.|DIRECT|COSTS|OF|CHARITABLE ACTIVITIES||||||| ||||||||||2021
' f|2020
F| ||Staff costs|||||||592,067||575,904| ||Non-staff|costs||||||127264||138,014| |||||||||719,331||713,918| ## ## ## ## |SUPPORT COSTS||||||| |---|---|---|---|---|---|---| ||||||Governance|| |||||Management
E|costs
f|Totals| |Business support
and fundraising||||13,768|11,929|25,697| |Advice line||||20,428|17,702|38,130| |Public Education
and Policy||||6,660|5,772|12,432| |Development
and Growth||||1,777|1,539|3,316| |||||42 633|36,942|79,575| |NET INCOME/(EXPENDITURE)||||||| |Net income/(expenditure)||is stated|after charging/(crediting):|||| ||||||2021|2020| ||||||E|F| |Depreciation
—owned assets|||||4,274|3,682| |Operating
lease rentals|||||30,884|44,568| |Auditor's
remuneration|-|statutory|audit||5,400|5,100| |Auditor's
remuneration|—other services||||1,600|1,500| |Non-staff costs are made||up of:||||| ||||||2021|2020| |Premises|||||44,348|74,426| |Communications|||||9,878|6,136| |Depreciation|||||4,274|3,682| |Training
and library|||||10,950|13,229| |Public relations
and marketing|||||11,127|8,585| |IT Upgrade|||||15,805|| |Office costs: Computer|and photocopier||||8,660|11,272| |Other office expenses|||||6,272|4,169| |Auditor's
remuneration|—statutory||audit||5,400|6,600| |Auditor's
remuneration|-|non-audit|services||1,600|1,500| |Provision
for bad debts|||||19,653|29,484| |Other|||||10,317|17,530| ||||||148,284|176,613| ## ## ## ## ## |STAFF CO|STS|||||| |---|---|---|---|---|---|---| ||||||2021f|2020
f| |Salaries and wages|||||556,032|549,744| |Social security costs|||||52,148|50,794| |Employer's|contribution|to defined|contribution|pension scheme|28,506|29,634| |Other staff|costs||||13936|18,536| ||||||666622|848,788| |tions
are|as follows:| |---|---| |2021|2020| |No.|No.| ## ## ## |TANGIBLE FIXEDASSETS|||| |---|---|---|---| ||Fixtures and|Computer|| ||fittings
f|equipment
f|Totals
f| |COST|||| |At 1 January 2021|30,791|37,534|68,325| |Disposals|~7903)|~1,132)|~9,035)| |At 31 December 2021|22,888|36,402|68,325| |DEPRECIATION|||| |At 1 January 2021|23,973|36,569|60,542| |Charge for year|3,309|965|4,274| |Depreciation
on disposals|~7,903)|~1,132)|~9,035)| |At 31 December 2021|19,379|36,402|64,816| |NET BOOK VALUE|||| |At 31 December 2021|~3509||~3509| |At 31 December 2020|6,818|965|7783| ## ## ## ## ||||||2021|2020| |---|---|---|---|---|---|---| ||||||K|| |Trade debtors|||||208,569|267,289| |Other debtors|||||6,483|5,793| |Prepayments
and accrued income|||||11,196|19,352| ||||||226,248|292,434| |CREDITORS: AMOUNTS
FALLING DUE WITHIN ONE YEAR||||||| ||||||2021|2020| |||||||F| |Trade creditors|||||19,870|13,497| |Social security
and other taxes|||||59,583|70,162| |Accruals|and deferred
income||||389365|372,360| ||||||468 818|456,019| |Deferred|income|reconciliation:||||| ||||||2021|2020| ||||||E|| |Brought|forward|balance at 1 January|||342,037|303,290| |Amounts|recognised as incoming||resources|in the year|(342,037)|(303,290)| |Amount|deferred|at 31 December|||367 327|342,037| ||||||367327|342,037| ## ## ## ## ## ## ## ## ## ## |and is includ|ed
in cr|ed|itors un|der|other|tax and social security.|||| |---|---|---|---|---|---|---|---|---|---| |||||||||2021|2020| ||||||||||E| |Contributions|payable||by the|company||for the year||28,506|29,634| |RECONCILIATION||OF NET||INCOME||TO NET CASH FLOW|FROM OPERATING|ACTIVITIES|| |||||||||2021|2020| |||||||||E|F| |Net income|for the|reporting||period||(as per the statement|offinancial||| |activities)||||||||78,701|34,424| |Adjustments|for:||||||||| |Depreciation|charges|||||||4,273|3,682| |Interest received||||||||(262)|(332)| |Decrease
in|debtors|||||||66,187|13,241| |Increase
in|creditors|||||||12,799|18,346| |Net cash provided||by operating|||activities|||161,666|69,361| ## ## ##