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2021-12-31-accounts

Burmantofts Community Projects

Charity number 1051368

A company limited by guarantee number 03061633

Annual Report and Financial Statements

for the year ended 31 December 2021

Burmantofts Community Projects

Burmantofts Community Projects

Annual Report and Financial Statements for the year ended 31 December 2021

Contents Page
Trustees' report 2 to 8
Examiner's report 9
Statement of financial activities 10
Balance sheet 11
Statement of cash flows 12
Notes to the accounts 13 to 19

Prepared by West Yorkshire Community Accounting Service

1

Burmantofts Community Projects

Trustees' report for the year ended 31 December 2021

Reference and administrative details of the charity, its trustees and advisors

The trustees during the financial year and up to and including the date the report was approved were: Name Position Dates Madeleine Andrews Chair Martin Bassant Vice Chair John Smith Company secretary Ann Nicholl Norah Gibson Amos Kasibante Robert Andrews Sophie Lees (formerly Meeson) Angela Heron Appointed 30 November 2021 Charity number 1051368 Registered in England and Wales Company number 03061633 Registered in England and Wales Registered and principal address Bankers St Agnes' Church Hall Virgin Money 23 Shakespeare Close 329 Harehills Lane Leeds Leeds LS9 7UQ LS8 5BW

Independent examiner

Rhys North ACA West Yorkshire Community Accounting Service Stringer House 34 Lupton Street Leeds LS10 2QW

Structure, governance and management

The charity is a company limited by guarantee and was formed on 22 May 1995. It is governed by a memorandum and articles of association as amended by special resolutions on 29 September 1995, 11 April 2011 and 15 April 2018. The liability of the members in the event of the company being wound up is limited to a sum not exceeding £1.

Method of recruitment and appointment of trustees

The trustees of the charity are also the directors for the purposes of company law and are appointed by the members at the AGM.

2

Burmantofts Community Projects

Trustees' report (continued) for the year ended 31 December 2021

Objectives and activities

The charity's objects

Any charitable purpose for the benefit of the community in Burmantofts and its vicinity within the City of Leeds and throughout the UK, in particular the advancement of education, the protection and preservation of good health and the relief of poverty, sickness and distress.

Public benefit statement

In setting our objectives and planning our activities our Trustees have given serious consideration to the Charity Commission’s general guidance on public benefit.

The charity's main activities

What Burmantofts Community Projects does

Burmantofts Community Projects (BCP) is an independent charity based in Leeds. From its small, local beginnings back in 1987, it has become a prominent provider of free legal debt advice, money guidance and benefits claim support throughout Leeds, as well as training and consulting to organisations nationally.

The need we address is the ‘alleviation of debt and poverty in Leeds and the UK.” The majority of our clients live in areas of highest deprivation in Leeds, many of which are in the top 1% areas of highest deprivation in England.

We are recognised by our partners as experts in helping people who are in chaos, crisis and the most vulnerable in society. We have a reputation for resolving complex issues and receive a large volume of referrals from Citizens Advice, Leeds City Council, Department of Work and Pensions and Social Prescribers on behalf of GPs and mental health charities.

Our work has attracted interest and recognition from the money advice sector as well as Politicians across the spectrum (locally and nationally), Money and Pensions Service (MaPS) and Advice UK. We are authorised by the Financial Conduct Authority and hold the Advice Quality Standard at Generalist level.

- How we support our clients and partners Our projects

To achieve our aims there are currently six projects, all of which dovetail to provide a seamless service

3

Burmantofts Community Projects

Trustees' report (continued) for the year ended 31 December 2021

The charity's main activities (continued)

Our Impact

1. Reduced indebtedness and Improving Financial Outcomes

We have helped 10,000 clients since 2015 make, save or gain £13million - which means on average a client is financially better off by £1,300 after receiving support, advice and guidance.

2. Improving Our Clients Health, Well-being and Optimism and helping create space for future planning

Presenting stress levels for our clients are significantly higher than those of the general population, according to research by Leeds University Centre for Decision and Research. After support from our Money Buddies clients reported lower stress, for example; overall clients’ self - reported on average a 3 out of ten points increase on their optimism about the future after an initial meeting and remedial support from our Money Buddy.

3. Contributing to Leeds’s Financial Inclusion Strategy and Collaborative Partnership Working

4 Social Justice and Policy change at national level

We have fed into breathing space policy and holiday hunger campaigns at the request of politicians. Advice bodies, and influential Think Tanks - which have aided MPs in taking decisions that have contributed to breathing space becoming law, feeding our school children during holiday times and homelessness.

Our Track record

The advice and support we provide is what we take great pride in, having developed a national awardwinning financial capability project in Money Buddies, working with local and national politicians to improve the lives of the vulnerable and in crisis we have applied our learnings to develop new projects such as Benefit Buddies and Energy Plus (2021). The work we do is what is important to us. Some of the awards we have received are:

4

Burmantofts Community Projects

Trustees' report (continued) for the year ended 31 December 2021

The Charity's main activities in 2021

Like other charitable organisations we have continued to be significantly affected by the pandemic which swept the world in 2020. We have been heavily restricted in our face to face service and the vast majority of our support to clients has been over the telephone although we did return to providing some face to face appointments for very vulnerable clients when the regulations have allowed us to do so. Our office was closed for much of the first lockdown in 2020 but since then we have maintained an office presence with a restricted rota of staff to maintain social distancing. Most of our staff have been working from home since March 2020 and home working is now part of our long term accommodation strategy. Our funders have relaxed their targets and requirements to fit in with this new way of working.

We started the year with a staffing level of 22 but this fell after March when most of our emergency Covid funding ended and we did not have replacement funding in place. Over the summer it fell to 17 but it has gradually risen as our new projects came online and the Leeds City Council Hubs reopened to third parties and we recommenced our Money Buddy service there.

The Money and Pensions Service (MaPS) continued to fund the face to face Debt Advice Project which ran until the end of March 2018 when they announced that we would receive an annual rolling contract after March 2018 until future procurement arrangements are implemented. The 2020/21 grant agreement ran out on 31st March 2021, but a new grant agreement for 2021/22 was signed in April. Our allowance was increased to 4.1 fte advisers from October 2021. However, MaPS commenced their recommissioning exercise in the summer of 2021 with bids needed to be in by October. Given the timescale and the size of the agreements we were unable to bid ourselves or form or join a consortium. Under this recommissioning, we would lose our MaPS funding from the end of March 2022 and our debt advisers TUPE’d over to the winner of the procurement. However, in December 2021, MaPS announced that they had not received sufficient bids to award agreements for regional debt advice – instead they would extend existing agreements for 3 months (to end June 2022) and then issue new grant agreements for another 12 months (to end June 2023). As at the time of writing (mid-February 2022) we have had no details of the size or level of funding proposed which still leaves us with great uncertainties for 2022/2023

The contract for our trainee debt adviser was extended to March 2022, but unfortunately they decided to leave in September 2021 and the funding ceased.

In November 2015 we learnt that the Big Lottery Fund was funding the Money Buddies project with a grant of £472,245 over 5 years starting in December 2015. This funding has been used to consolidate the Money Buddy service during the pandemic in 2020 and ended at the end of November 2020. However there was a surplus on the year and we gained permission to continue the project until 31 March 2021. We are working to obtain further funding for the Money Buddy service.

The pandemic hit as the Area Committees were making decisions on funding Money Buddies for 2020/21, a lot of funding was lost. Even the funding that was approved was not activated as the Council Hubs were closed. When the Hubs did reopen they were restricted to internal Council services only. Towards the end of the year we started some pilot schemes in non-Council locations with some success. As the Hubs began to reopen in 2021 we have been granted funding to place money buddies in more and more Hubs. By the end of 2021 we have money buddies in 20 Hubs including 3 funded by the Financial Inclusion Team. We will hope to consolidate this level of funding in 2022/2023.

5

Burmantofts Community Projects

Trustees' report (continued) for the year ended 31 December 2021

The Charity's main activities in 2021 (continued)

In March 2017 we received funding from Leeds City Council to recommence and further develop our Benefit Buddy project. This was expected to run for two years until March 2019 but we had funding to extend the end date until June 2019. The project was paused at this time and a National Lottery application was developed to obtain funding to continue this project for a further 3 years. We were successful in passing to Stage 2 of the application process and a Stage 2 application was sent to the National Lottery in December 2020. We were expecting a decision by April 2021 to follow on from the emergency covid funding they had granted us. However, we were asked to reshape our bid in April 2021. This we did and eventually we were granted two year funding to run from September 2021 to August 2023.

Given the situation with the pandemic and our loss of funding we applied to several funders for emergency Covid-19 funding. We were successful in several bids:- CAF (£10,000); The Resilience Fund (£10,000); National Lottery (£78,980); Jimbo’s Fund (£20,000); local councilors (£1,200). This funding has now ended and we are very grateful to these funders for giving us financial stability during the pandemic and also to be able to continue helping our clients.

We were awarded a 2 year grant agreement to provide energy advice through the Energy Redress scheme in 2020. This started in November 2020 and will run until October 2022. We continued to roll out the project in 2021 despite the pressures caused by the pandemic. In November 2021 we were awarded a further grant from another section of Energy Redress – this was to distribute fuel vouchers to clients on pre-payment meters who could not afford to top them up. The grant runs from December 2021 to June 2022.

We had a Quality Mark inspection in May 2021 and as a result regained our AQS Quality Mark at General Help with Casework for a further 2 years so this will need to be renewed by a further Audit in May 2023 to ensure that we are giving an excellent service to our clients.

The Board of Trustees continued to work effectively in 2021. We had a skills audit in 2020 which identified some gaps. We recruited a new Trustee in 2021 but we are still looking to recruit further Trustees to fill these gaps along with developing a training programme for the current Trustees. We currently have 9 Trustees but continue to look to recruit further Trustees.

The Board of Trustees and the BCP staff are continuing to actively seek further funding for 2022/2023. The future of the Centre has been secured until at least December 2022. Several funding bids are been developed for further long term funding and the Board of Trustees are very confident that this will be achieved.

6

Burmantofts Community Projects

Trustees' report (continued) for the year ended 31 December 2021

Plans for the Future

Firstly we would continue to listen to our clients and adopt new ways and enhance existing ways to help them. To help us to do this we would look to:-

Diversify income – most of our services are funded by a single organisation, if we lost that funding then the whole service would be put at risk. Therefore, we aim to have our services funded by as many funders as possible.

Funding for our core functions – while we have sufficient project specific funding we have a shortage of core funds to deal with the challenges of growth. We will continue to seek funding for core functions.

Expand our Money Buddy Network – we will look to further develop our Money Budget Network throughout the UK. This could be in terms of consultancy, training, supervision etc.

Expand our services throughout Leeds (West Yorkshire) – We would look to expand our services throughout Leeds and perhaps West Yorkshire. We would also seek funding to expand our portfolio of services such as Housing and Employment advice.

Ensure our staff are properly paid for their skills, experience and hard work.

Refresh our technical equipment and explore new ways of utilising it.

Expand our use of social media in promoting our services.

Financial review

The net income for the year was £24,323, including net income of £30,445 on unrestricted funds and net expenditure of £6,122 on restricted funds, after transfers.

Reserves policy

The charity's free reserves, excluding fixed assets, at the year end were £69,025.

BCP has resolved to maintain a particular fund (termed ‘Emergency Reserves’) amounting at present to a minimum of £47,400 to meet estimated closure costs, including redundancy costs, of the charity.

BCP is dependent on funding to sustain its activities, as earned income alone is unlikely to allow its projects to continue in operation in the event of funding ceasing or being substantially reduced for whatever reason.

BCP has therefore decided that it should aspire to accumulate and hold unrestricted funds, in addition to the above emergency reserves, amounting to not less than six months’ running costs. Based on budgeted 2022 expenditure this would equate to £247,000.

Funds in deficit

The Money Advice and Pensions service fund was in £3,522 deficit at 31st December 2021. The next quarter's funding is being managed to make good this deficit.

7

Burmantofts Community Projects

Trustees' report (continued) for the year ended 31 December 2021

Statement of trustees' responsibilities

The trustees (who are also the directors for the purposes of company law) are responsible for preparing the Trustees report and the financial statements in accordance with the applicable law and UK Accounting Standards.

Company law requires the trustees to prepare financial accounts for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the year. In preparing these financial statements, the trustees are required to:

select suitable accounting policies and apply them consistently;

observe the methods and principles in the Charities SORP;

make judgements and estimates that are reasonable and prudent;

state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

prepare the accounts on a going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (Charities SORP (FRS102)), and in accordance with the special provisions of the Companies Act 2006 relating to small companies.

Signed on behalf of the board of trustees on 21/6/2022

Madeleine Andrews (Trustee)

8

Burmantofts Community Projects

Independent examiner's report to the trustees of Burmantofts Community Projects

I report to the charity trustees on my examination of the accounts of the charitable company for the year ended 31 December 2021, which are set out on pages 10 to 19.

Responsibilities and basis of report

As the charity's trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charitable company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act.

I confirm that I am qualified to undertake the examination because I am a fellow of ICAEW which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Rhys North ACA

18/7/2022

West Yorkshire Community Accounting Service

Stringer House 34 Lupton Street Leeds LS10 2QW

9

Burmantofts Community Projects

Statement of Financial Activities

(including summary income and expenditure account) for the year ended 31 December 2021

Notes
2021
Unrestricted
funds
£
Income from:
Donations
100
Charitable activities
(2)
-
Total income
100
Expenditure on:
Charitable activities
(3)
9,367
Total expenditure
9,367
Net income / (expenditure)
(9,267)
Transfers between funds
39,712
Net movement in funds
30,445
Fund balances brought forward
49,851
Fund balances carried forward
(6)
80,296		 2021
Restricted
funds
£
-
545,444
545,444
511,854
511,854
33,590
(39,712)
(6,122)
132,227
126,105		 2021
Total
funds
£
100
545,444
545,544
521,221
521,221
24,323
-
24,323
182,078
206,401		 2020
Total
funds
£
152
406,701
406,853
301,881
301,881
104,972
-
104,972
77,106
182,078

All income and expenditure derive from continuing activities.

10

Burmantofts Community Projects

Balance sheet

as at 31 December 2021
2021
Unrestricted
£
Fixed assets
Tangible assets
(7)
11,271
Total fixed assets
11,271
Current assets
Debtors and prepayments
(8)
-
Cash at bank and in hand
(9)
69,025
Total current assets
69,025
Current liabilities:
amounts falling due within one year
Accruals
-
Total current liabilities
-
Net current assets / (liabilities)
69,025
Net assets
80,296
Funds
Unrestricted funds
78,013
Designated funds
2,283
Total unrestricted funds
80,296
Restricted funds
-
Total funds
80,296		 2021
Restricted
£
-
-
43,248
84,417
127,665
1,560
1,560
126,105
126,105
-
-
-
126,105
126,105		 2021
Total
£
11,271
11,271
43,248
153,442
196,690
1,560
1,560
195,130
206,401
78,013
2,283
80,296
126,105
206,401		 2020
Total
£
9,706
9,706
19,461
154,541
174,002
1,630
1,630
172,372
182,078
47,568
2,283
49,851
132,227
182,078

For the year ending 31 December 2021 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with section 476. The trustees (who also the directors for the purposes of company law) acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime and with FRS 102 (effective January 2019).

The financial statements were approved by the board of trustees on 21/6/2022

Madeleine Andrews (Trustee)

11

Burmantofts Community Projects

Statement of cash flows

for the period 1 January 2021 to 31 December 2021

Cash flows from operating activities:
Net cash provided by (used in) operating activities
Cash flows from investing activities:
Purchase of tangible fixed assets
Net cash provided by (used in) investing activities
Change in cash and cash equivalents in the reporting period
Cash and cash equivalents at the beginning of the reporting period
Cash and cash equivalents at the end of the reporting period
Adjustments for:
Depreciation charges
(Increase) / decrease in debtors
Increase / (decrease) in creditors
Net cash provided by (used in) operating activities
Analysis of cash and cash equivalents
Total cash and cash equivalents
Reconciliation of net movement in funds to net cash flow from
operating activities
Net movement in funds for the reporting period (as per the
statement of financial activities)
Cash at bank		 2021
£
5,696
(6,795)
(6,795)
(1,099)
154,541
153,442
2021
£
24,323
5,230
(23,787)
(70)
5,696
£
153,442
153,442		 2020
£
121,921
(12,349)
(12,349)
109,572
44,969
154,541
2020
£
104,972
3,531
12,868
550
121,921
£
154,541
154,541

12

Burmantofts Community Projects

Notes to the accounts

for the year ended 31 December 2021

1 Accounting policies

Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.

There has been no change to the accounting policies since last year. No changes have been made to the accounts for previous years.

Going concern

The trustees are satisfied that there are no material uncertainties about the charity's ability to continue.

Incoming resources

All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability.

Grants and donations

Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.

Where grants are related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by its performance.

Expenditure and liabilities

Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.

Taxation

As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.

Tangible fixed assets

Tangible fixed assets are capitalised and included at cost including any incidental expenses of acquisition. Gifted assets are shown at the value to the charity on receipt. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a straight line basis over their expected useful economic lives as follows: Office equipment: over 4 years, straight line basis.

Pensions

The charity operates a defined contribution scheme for the benefit of its employees. The costs of contributions are recognised in the year they are payable.

13

Notes to the accounts continued

Burmantofts Community Projects

for the year ended 31 December 2021

1 Accounting policies (continued)

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.

Further explanation of the nature and purpose of each fund is included in the notes to the accounts.

2 Charitable activities
Grant income - Money Buddies
Inner East Community Committee
Outer West Community Committee
Inner West Community Committee
Outer East Community Committee
Inner North West Community Committee
Inner North East Community Committee
Outer South Community Committee
Outer North West Community Committee
Financial Inclusion Team
Money Buddies total
Other grant income
National CAB
BIG Lottery
Weetwood
Energy Savings Trust
Community and Law Services (CALS)
Hammerson
Energy Savings Trust Winter Fund
Department of Work and Pensions (DWP)
Charities Aid Foundation (CAF)
Jimbos Fund
Leeds City Council (LCC)
Leeds Community Fund (Resilience)
Aviva
Services
3 Charitable activities
Community work		 2021
Unrestricted
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 2021
Restricted
funds
£
7,595
5,438
5,438
2,892
10,065
-
-
-
10,125
41,553
221,976
68,374
3,470
147,396
1,498
2,000
58,721
-
-
-
-
-
-
456
545,444
Activities
undertaken
directly
405,685
405,685		 2021
Total
funds
£
7,595
5,438
5,438
2,892
10,065
-
-
-
10,125
41,553
221,976
68,374
3,470
147,396
1,498
2,000
58,721
-
-
-
-
-
-
456
545,444
Support
costs
115,536
115,536		 2020
Total
funds
£
4,594
4,123
2,168
-
-
770
10,952
1,239
-
23,846
173,004
147,381
4,936
15,062
-
-
-
1,097
10,000
20,000
1,200
10,000
175
-
406,701
Total
521,221
521,221

14

Burmantofts Community Projects

Notes to the accounts continued

for the year ended 31 December 2021

4 Support costs
Support cost type
Governance
Finance
IT
Human Resources
Management and admin salaries
5 Staff costs and numbers
Gross salaries
Social security costs
Pensions
Payroll costs		 Charitable
activity
£
12,793
7,851
16,496
16,197
62,198
115,536
2021
£
389,409
26,191
13,887
3,095
432,582		 Total
cost
£
12,793
7,851
16,496
16,197
62,198
115,536
2020
£
222,981
11,539
7,338
1,975
243,833
Defined contribution pension scheme
Costs of the scheme to the charity for the year
6a
Restricted funds
Balance b/f
£
Leeds CAB
3,200
BIG Lottery revenue
10,108
National Lottery Covid-19 Fund
47,620
Clydesdale Bank
350
LCC SIF
1,889
Money buddies
5,477
Proceeds of Crime
34
CAF
8,904
Jimbo’s Fund
20,000
MaPS 2020/21
30,193
Weetwood
4,335
LCC PPE
117
Advice UK
-
CALS
-
Hammerson
-
Energy Winter Fund
-
MaPS PACE
-
MaPS (CAB) 21/22
-
Energy Redress
-
MaPS Inreasing capacity
-
National Lottery
-
132,227
The average number employees during the year
12.9, 10.7 FTE). There were no employees with		 2021
2020
£
£
13,887
7,338
Income
Expendiure
Transfers
Balance c/f
£
£
£
£
-
-
-
3,200
-
10,043
-
65
-
44,482
(2,134)
1,004
-
-
-
350
-
-
-
1,889
41,553
31,438
1,633
17,225
-
-
-
34
-
9,796
892
-
-
19,997
(3)
-
46,837
43,215
(33,815)
-
3,470
6,172
(1,633)
-
-
(530)
-
647
1,000
-
-
1,000
1,956
456
-
1,500
2,000
600
-
1,400
58,721
5,269
-
53,452
6,280
525
(4,661)
1,094
135,936
139,458
(3,522)
147,396
143,306
-
4,090
31,921
31,930
9
-
68,374
25,697
-
42,677
545,444
511,854
(39,712)
126,105
was 19, being an average of 16.7 full time equivalent (2020:
emoluments above £60,000 in either year.

15

Notes to the accounts continued

Burmantofts Community Projects

for the year ended 31 December 2021

6a Restricted funds (continued)

Fund name

Purpose of restriction

Leeds CAB The balance of the Big Lottery funding given to Advice Leeds – split between the partners BIG Lottery revenue To fund the Money Buddies service from December 2015 onwards National Lottery Covid-19 Fund To provide an emergency Covid-19 Money/Benefit Buddy service A transfer of £2,134 was made for laptops for general use of the charity The remaining balance represents an upfront payment for services Clydesdale Bank Towards phone system enhancements LCC SIF To set up a benefit buddies service Money buddies Funds from LCC towards the Money Buddies services A transfer of £1,633 was made from the Weetwood fund Proceeds of Crime Towards security enhancements CAF To provide emergency support to the organisation during the pandemic A transfer of £892 was made from unrestricted funds to deliver this project Jimbo’s Fund To provide resources for a Benefit Advice Supervisor Money and Pensions Towards the Money Advice and Pensions Service Service (MaPS) 2020/21 The balance on this fund at 31 March 2021 was transferred to free reserves, as stated in the grant agreement. Weetwood To provide a face to face Money Buddy service at alternative sites A transfer of £1,633 was made to the Money Buddies fund LCC PPE To provide PPE and additional equipment needed for the safety of staff and Advice UK To support advisers who administer Debt Relief Orders CALS For Money Buddy training Hammerson For the Money Buddies project Energy Winter Fund For the purchase of fuel vouchers for clients, plus £7,500 for admin support for the scheme. MaPS PACE For equipment to integrate debt advisers with CAB's PACE telecoms A transfer of £4,661 was made for the purchase of laptops, for general use of the charity MaPS (CAB) 21/22 Towards the Money Advice and Pensions Service, to March 2022. Energy Redress To provide two years funding for an Energy Advice service MaPS Inreasing capacity To fund a trainee post A transfer of £9 was made to fund a project overspend National Lottery For the Benefit Buddy project

6b Designated funds
Money Buddy Network
Fund name
Money Buddy Network		 Balance b/f
Income
Expenditure
Transfers
Balance c/f
£
£
£
£
£
2,283
-
-
-
2,283
2,283
-
-
-
2,283
Purpose of designation
Towards the Money advice service. Here are plans to expend these funds
during 2022.

16

Burmantofts Community Projects

Notes to the accounts continued

for the year ended 31 December 2021

7
8
9
**10 **		 Tangible assets
Cost
At 1 January 2021
Additions
At 31 December 2021
Depreciation
At 1 January 2021
Charge for year
At 31 December 2021
Net book value
At 31 December 2021
At 31 December 2020
Debtors and prepayments
Debtors
Prepayments
Cash at bank and in hand
Cash at bank
Cash in hand
Related party transactions
Trustee expenses
Trustee remuneration and benefits
Name of trustee
Reason
Legal authority
John Smith (trustee)
Employment
Governing document
No trustee received any expenses during this year or the previous year.		 £
14,125
6,795
20,920
4,419
5,230
9,649
11,271
9,706
2021
£
36,329
6,919
43,248
2021
£
153,202
240
153,442
2021
£
29,114
29,114
Office
equipment		 Total
£
14,125
6,795
20,920
4,419
5,230
9,649
11,271
9,706
2020
£
19,461
-
19,461
2020
£
154,301
240
154,541
2020
£
24,575
24,575

John Smith received remuneration during the year, being employed as the Finance and Contracts Administrator. The charity has received consent from the Charity Commission on the 11th April 2011 to remunerate him and the articles of association have been amended to allow for this.

No trustee received any other remuneration or benefit during this or the previous year.

Remuneration and benefits received by key management personnel

The key management personnel of the charity include the trustees and Chief Executive Officer. The total employee benefits received by the Chief Officer were £34,148 (previous year: £28,962). No trustee received any remuneration or benefit in this capacity during this or the previous year.

17

Burmantofts Community Projects Notes to the accounts continued

for the year ended 31 December 2021

11 Operating leases

Within one year
In the second to fifth years inclusive
12 Analysis of funds received and held as agent
Opening funds
Incoming
Outgoing
Closing funds
Expected future minimum lease payments over the remaining life of the lease,
analysed into the period in which the commitment falls due:		 2021
£
285
-
285
2021
£
2,176
374
(524)
2,026		 2020
£
575
285
860
2020
£
2,188
-
(12)
2,176

At the year end Burmantofts Community Projects was holding £1,652 on behalf of the Joint Leeds Debt Forum in the Ebor Gardens Advice Centre bank account. The Forum consists of a number of agencies working together to provide the community with quality advice, information and support with a view to addressing the needs of the community. These funds are not included in these accounts.

Additionally £374 was held on behalf of two clients which was grant funding to meet the needs of two individuals. The goods were ordered in January 2022. These funds are also not included in these accounts.

18

Burmantofts Community Projects

Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 31 December 2021

2021
2020
Unrestricted Unrestricted
funds
funds
£
£
Income
Donations
100
152
Charitable activities
-
175
Total income
100
327
Expenditure
Charitable activities
9,367
12,195
Total expenditure
9,367
12,195
Net income / (expenditure)
(9,267)
(11,868)
Transfers between funds
39,712
23,353
Net movement in funds
30,445
11,485
Fund balances brought forward
49,851
38,366
Fund balances carried forward
80,296
49,851		 2021
Restricted
funds
£
-
545,444
545,444
511,854
511,854
33,590
(39,712)
(6,122)
132,227
126,105		 2020
Restricted
funds
£
-
406,526
406,526
289,686
289,686
116,840
(23,353)
93,487
38,740
132,227		 2021
Total
funds
£
100
545,444
545,544
521,221
521,221
24,323
-
24,323
182,078
206,401		 2020
Total
funds
£
152
406,701
406,853
301,881
301,881
104,972
-
104,972
77,106
182,078

19