COMPANY REGISTRATION NUMBER: 2436887 CHARITY REGISTRATION NUMBER: 1051979 Advice For Renters Limited Company Limited by Guarantee Audited Financlal Statements 31 March 2024 Jaokson & Jackson A tradlng name of JAckson NieholAS Assl¢ Umlted Chartered Certlfi¢d AeeountAnts & Statutory Auditors Sulie 7, Meridian House 62 StAtion Road, Chingford London E4 7BA Doc ID.. 5870152aec4a8ba7072d2b3cet076ba7b3d2ef83
Advice For Renters Limited Company Limited by Guarantee Financial Statements Year ended 31 March 2024 Page Trustees, annual report (incorporating the dir8Ctors' report) Independent auditorfs report to the members Statement of financial activities (including income and expenditure account) Statement of financial position Statement of cash flows 13 14 15 Notes to the flnancial statements 16 Doc ID.. 5e70152aec4a8ba7072d2b3c8f076ba7b3d2ef83
Advice For Renters Limited Company Limited by Guarante& Trustees, Annual Report (Incorporating the Directors. Report) Year ended 31 March 2024 The trustees, who ara also the directors for the purposes of company law, present their report and the financial statements of the charity for the year 8nd&d 31 March 2024. Reference and admlnl•tratlve dota118 Rggl•lered charlty nime AdvSc8 For Renters Limrted Charlty regl•trallon number 1051979 Company ro918tratlon numbor 2436887 Prln¢lpal offlco and r•gl•t•rod 36-38 Wllesden Lane olflea lQlburn London NW8 7ST Th• tru8t••• John Kwan Georg8 Bangham Robert Johnson Jermaine Rangor J8nnlfer Wall Pamela Marum Pedrum Hashem Sarah Ca8hman Jacky Peacock Peter Charalambid98 Margar8t Mclennan Emanuel Da Costa {R@sign8d 25 October 20231 {R88igned 25 October 20231 (Appointed 25 October 20231 (Appointed 25 October 20231 (Appointed 25 October 20231 (Appointed 25 October 20231 (Appointed 25 October 2023) IAppoSnted 25 October 2023) Chlef Executlve Officer Joe Cole Charlotte V818 IR8slgnad 31 August 2024} (Appolnled 1 Sept8mbgr 20241 8•crotary Jc• Cole Audltor Jackson Nlchol8$ Assie Llmlted Chartered Cerllfiad Accounlanls & 81alutory auditor Suite 7, Maridian House 82 Slalion Road Chingford London E4 78A Bankorn Unty Bank PO Box 7193 Planetary Road Willenhall 19DG Jacknon Nicholos Assie Limlled Charlered CerllfiedAcc'ounlantts Doc ID.. 5970152aec4a8ba7o72d2b3fo78ba7b3d2fjf83
Advice For Renters Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directors. Report) (contlnuedj Year ended 31 March 2024 Structurg, govarnance and management Advicè for Renters is a charitable company limited by guarant8a and was incorporated on 26 October 1989. It was registered as a charily on 31 January 1996. It is governed by a memorandum and articles of asSlation. The trustees, who are also the dlrector8 for the purpose of company law, and who served during Ihe year were George Bangham (ended Oct 2023} Robert Johnson John Kwan {ended Oct 2023) Jacky Peacock Margar81 Mcclennan Paddy Hashemi P8t8r Charalambide8 P8mela Marum Sarah Cashman Jermaine Rangèr J8nnlfer Wall Emanu@l De Costs None of the trustees has any ben8ficl81 Interest In the company. All of the trustses are members of the company and gu8rantee to contrlbut8 £1 In the event of a winding up. Tru8te8s 8re sought through open 8dvertI88m8nt and the use of Reach, an onlin8 matching $8Nlcg for charit185 and volunteers, in¢ludlng Iruslees. Those who submrt Cvs are intervlewed by three exlsting trustees, taking account of the need for diversity in terms of gender. race, disability and relevant skills. Successful inteNièwees are then invitèd as observers to a Board meeting at the end of which a decislon Is taken. There are no per80ng wlth 8Ignlfi¢8nt control. Tru81ees méol rngularly at18asl 4 time8 4 year to manage A4R's aff8lrs At each AGM all Board membèrs 81and down and11 they wish to contlnue, offer Ihem8elv88 for re-election, The CEO is responslbl8 for the day-to.day runnSng ol the ¢harlty. The CEO has a clear line of communication b8tween strategic and op8r8tion81 concerns. Sub Committ88s were put in place for.. membership, risk and policies and finance to 8nsur8 proper overslght. The tru8te88 have a renewed Interest in eettlng tha néxt 8trategic goals. During the year the charity employed an average of 15 Staff (representing 12 IlJll-time equiv81enls) who were engaged in charit8ble activities, financè and administration. We also havè 8 consultant housing advisar and IT consultant. Jackson Nicholas Assi¢ Limiled Charleyed Cerlified Accounlanks Doc ID.. 5e70152aec4B8b87072d2b3cef076ba7b3d2ef83
Advice For Renters Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directors. Report) (contlnued) Year ended 31 March 2024 Rlsk Management The trustèès have assessed thè major risks to which A4R is exposed. Systems are in place to mitigate r8PUtational and financial risks as far 8s possible. Trustees continue to seek more sustainable sources of incom8 to further protect the organisation against such adverse conditions, Service delivery standards arè maintained by adheranca lo our Swcialist Quality Mark (Housing). Obl?ctlvo8 and actlvltl•8 and 8trat•glc r•port A4R's objects are lo relieve poverty amongst tengnts in England who ar8 in n8ed, and in particular by assisting In the provlsion of advice, infomiatlon end services. Th• focu• of our work The objectives continue lo be a¢hieved for the most part through the operation of our Housing Advice Centre, with most work being delivered under our contr8¢t with the Lègal Ald Agency. The low level of fees payable for legg1 aid work, which were redurAd in 2011, and have been frozen ever sln¢e, mean8 that it is not possible lo sustain our housing advice S8rviee$ through legal aid fees alonè. ¢onlinue to be very grateful to th8 gooowill of the Oak Foundation, the Fred Bulmer Foundation and the London Borough of Brant among oth8r8. We continue lo ra188 awareness of poor houslng 88 one of the k&y factors Imp8¢tlng on health and wellbein9. W8 aim to improv8 living conditior¢s and where possible, to achieve lasting benefits for our clients through Gomplementary support, Including our mon8y advice and our mentoring 88tvice. We have been ple8sed to build on our link9 Wlth health providers, a8 90¢ial prescribing has continued lo develop in Brent. This enable8 health providers to 'prescribe' non-mèdlcal int8rv8nlions, such as housing 8dvi¢e and we have been pleased to sèè a growing number of referrals of patients to us from the health 8eNlce. How our •orvlcas dellvor publlc beneflt The trustees conflmi that they have compll&d with their duty to have due regard lo the Ch8rity Commlssion's public benefll guldance when exerclslng any powers or duties lo whlch th6 lluid8n¢e Is r&levant. The overarchlng benefit whlch we alm to achieve is to improve health and wellbelng by promotlng dec8nt, 88cure, affordable renled homes wlth acc888 to rights and justice for all r8gardlès$ of income. We do thi8 by, Providing direct advlce and Support to private tenant$ and othors in housing nead Bringing tsnants tog8thér to Strengthen th8lr voic6 Collecting informatlon and evidence and di8seminaling for change Working with others lo deliver 8eNIca8, share messages and Incr88s8 thé charity's influenco Empowerlng through tsnant engag8ment and ropresenlalion Jackson Nlcholas Assie Limiled Charlered CerlifiedAccoun(anls Doc ID.. 5970152aec4a8ba7072d2b3cgf076ba7b3d2ef83
Advice For Renters Limited Company Llmited by Guarantee Trustees. Annual Réport (Incorporating the Directors. Report) IcoMlnu8d) Year ended 31 March 2024 Achlovement and performance A4R fulfilled all its contractual obligations, providing advicè and support setvices to tenants during the year. A4R is 8 housing advice charity that also offers money and wellbeing advic8 too. During the period it OP8rated In the Vvesl of London and Herefordshire. Though Ihe contract for Herefordshire actually covered Worcestershire also. A4R began 2023-24 havlng emerged from 8 cashflow concern and expanded Into Harefordshire. This was dLte lo availability of funding and the stral8gi¢ pl8n'8 objective of expanding th8 Operation of the charity. 11 ended the period by gaining 8 slalulory contract with Brent Council worth £300,000 over 2 years. Thls was a significant achi8v8ment for the charity and was in part based on the exc8Ptlonal quality of the client work performed by the London office. The core of our a1vItIeS remains the provlslon of legal advice, assistsnce and representation for vulnerablellow-incom8 renters in line with our obj8clives, All outcomes ar8 rècorded on a client d8tab8se which indicates 850kn of p08ilive outcomes for all case8 concludéd dudng the year. All clients are encouraged to complete a SalSsfaclion Survey, and these indicatè that 80¥0 of Clients were pleasèdfvery pleased with the 8erylce. The charity OP8néd An office in Hereford, th8 first lime it has expandedlts 89rvice8 oulside London, in Ils hl$tory. There were no 8ignifleanl events that have affected the financial performance and financial po8ltion of the charlty. The Risks arè managed through the malnten8nce of a rI8k r8gist8r which is rèvlewed by the board every six months. Our Housing Advice team were vèry fortunate to benefit from voluntary help from a r8tir8d barrister with a wealth of housing experSenc&, Our wellbeSng setvice r81188 heavily on volunteer mentors. Conlrlbulions during thè year ranged from confidence building and combAtting social isolation to pr8¢tical step8 in hèlping renters to flnd more suitable accommodation or to improve their budg8ling 8ki118. In lolal w8 were assisted by 14 volunteers who contributed a combined total of 880 hours for which w8 arè immensely gr81eful. Jackyon Nicholas Assie Limited C17ai'leY¢d CerlifiedA¢¢ounlants Ooc ID.. 5970152aec4a8ba7072d2b3c8f076ba7b3d2ef83
Advice For Renters Limited Company Limitod by Guarantee Trustees. Annual Report (Incorporating the Directors. Report) (contlnued) Year ended 31 March 2024 Flnanclal Revlew Th8 principal funding 8ourc68 during the y8ar was Income from The Legal Aid Ag6ney. Oak Foundation and Brent Council. These funds are for 8ithér specific work (legal aid) or organisational developmenl and growth (Oak) or for the continuation of projects or development of sèrvices (Brentl. The chari*y saw an in-year cash in hand of £79,266 which decreased our reserves to below 50Vo of our reserv08 policy. Th8 charity generated a dèficit of £15,416 durlng the reporbng year comparéd to a Surplus of £5,262 in the prevlous year. The total r686rves of the charity at the end of the reporting period are 148,847 {2023.' £164,263) of which £52,057 was unreslricled and £96,790 was re$tricted. Fee income is being closely monitored In the current year. R••orvo• Pollcy It 18 A4R'8 policy lo maintain a18vel of unrestri¢led and und08ignaled re8erves equivalent lo three months, normal 8xp8ndllure. There has bèén dlfflcully in con818tenlly meeting our r898N88 policy during a period ot Incffjasing costs and decreasing funding opportunities Fin8n¢es were managed èxtremely carefully In th18 period lo ensure that A4R remained a going concern. Invo•tm•nt Poll¢y The ¢h8rlty does not yet have sufficient re88rv83 to merlt an Investment Policy. Plan• for futuro porlod• We will r8vièw recent growth and seek to Introduce mor8 818clroni¢ systems to enab18 US to maximise our housing advice capacity This will include plans to respond to the proposed legislallve changes In th8 R8nt6rs' Rlghts Bill that will increo8e renters, rights. We know from experienc6 that th088 vulnerablè tenants who could most benefit from the changè8 wlll need to be made aware of Ih8m and receive assistanc8 to exercise those rights. Our prlorlty movlng forw8rd wlll be to Incr8a8e and malnlaln our re88rve8. Jackson Nichol83 A88ie Limited were r8-appoinled as our Indep&nd8nt auditors et our Annual General M88ting. As audltors, Jackson Nlchol88 A88le Limilad are also re8ponslbl8 for producing an annual Report on our client account. The accounts have been prepared in accordance wlth the accounting policles set out In note 1 to the 8ccounl$ and comply wllh A4R's Memorandum and Articl8S, 88 well as the Charity Commission, Accounting and Reporting by Charitl8s.' Stalgmgnt of Recon7mend8d Pr8ch'cg 8ppIic8ble to ch8riti6s pr8p8ring their 8ccounts in accoance with the Financial R&portlng Stand8rd 8ppIic8ble in the UK and R9public of Ireland (FRS 702) (effectivg l January 2019). Jackson Nicholas Assi¢ Limited Chariered CerlifiedAcLouniants Doc ID.. 5e70152afy¢4a8ba7072d2b3cef076ba7b3d2ef83
Advice For Renters Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directors. Report) Icontlnu8dJ Year ended 31 March 2024 Directors Responsibilities la} tha dirèctors are responsible for preparing th8 Directors, Report and the financlal slalemenls in accordance with applicable law and regulations and in accordance with United Kingdom G8n8rally Accepted Accounting Prscbce., Ibl company law requlr8S the directors must not approve the financSal slatemènts unle55 they are satisfied that they give a true and fair view of the slat8 of affairs of the charity and of the Surplus or defi¢it profit or1088 of the charity for that P8riod', (cl in preparing the flnancial Statements the directors are r8qulred to.. lil select sullable accounting policies and then apply them con818lenlly', lill make judg8men18 and accounllng èslim8ts8 that are reasonable and prudent., State whether applicable accountlng $tsndards hav8 b88n followed, subjecl to any mat8rlal departures disclosed and éxplalned in the fi'nanclal statements,. and (iv) prepare th8 flnancial slatem6nls on the going concern ba818 unless it 18 InapproprSal8 to presume that th8 chanly will continue in busine88. Idl th8 dlrector$ are responslbl8 for keeplng ad8qua18 accountlng records fftal are sufficlent to show and explain thè company's Iransactlons and disclose wSlh r8asonable accuracy at any tim8 the flnanclal positlon of the charSty and that 8nable them to ensure that the fln8ncl81 8tatement8 comply wlth the Companles Act,, lel the dlrectors are responsSb18 for 8afeguardlng the 8888t8 of tho ¢h8rfly and henc8 lor taklng reason8ble steps for the pr8venllon and detectlon of fraud and other irr8oul8rStl88', and where 8ppropriat8, the directors are re8ponsible for the malnt8nan¢e and integrity of the corporate and flnanclal Infomiallon Included on the charity's website. In th8 eA8e of CA 06 Co.-8418121 each of the persons who are dSreclorJ at the time when the report Is approv8d, the lollowlng applie$'. {a) so far as each dir8clor is aware, thére is no relevanl audit information linformatlon needed by the company's auditor8 in connection with prep8ring theSr report} of which the ¢ompany'8 audltors are unaware., and Ib) èach director ha8 t8ken all tho 8teP8 that helshe oughl lo hava t8ken as 8 director In ord•r to m8ke him88lflherself aware of any relevant audlt infomiation and to establish that thè ¢ompany's auditors are aware of th8t information Jackson Nicholas Assle Limiled Chartered CerlifiedAccounianls Doc ID.. 5e70152ae¢4a8ba7072d2b3cef076bo7b3d28f83
Advice For Renters Limited Company Limited by Guarantee Truste8s' Annual Report (Incorporating the Directors, Report) leontlnuad) Year ended 31 March 2024 Small ¢ompany provl8lon* Thi8 report has been prepared in accordanc8 with the provislons applicable to companies 8ntitled to th8 sm811 compani8s exemption. The tru8lees' annual report lincorporatlng the directorn, report) was approved on 28 November 2024 and signed on b8half of Ihe board of trust88s by.. Jacky Peacock Tru8te8 Jackson Nicholay Assie Limiled Charlered Cerlifi¥dAccounlanls Doc ID.. 5e70152aec4a8bg7072d2b3cef076ba7b3d2ef83
Advice For Renters Limited Company Limited by Guarantee Independent Auditor's Report to the Members of Advica For Renters Limited Year ended 31 March 2024 Oplnlon Wé hava audited the financial statements of Advice For R8nlèr8 Limited (the '¢harity'l for the year 8nd&d 31 M8r¢h 2024 which comprise the statement of financi81 activities (including income and expenditure account}, statement of financial position, statemént of Gashflows and the related not88, including a summ8ry of significant accounting policies. Thè financial reporting framework that has been applied in their preparation is applicabl8 law and United Kingdom Accountlng Sl8nd8rd$, including FRS 102 Thè Financial Reporting Standard 8pplicable In Ihe UK and Republic of Ireland {United Kingdom Generally Acc8Pt8d Accounting Practsce}, In our opinion the audited flnancial slalement8'. give a tru8 and f8ir view of the state of the charity's affairs a8 of 31 March 2024 and of its incoming r880uree$ and application of r88our¢e8, including it8 income and axpénditure, for the year then ended., hav8 been propedy pr8pared In accordance with Unlted Kingdom accounting standards, Including FRS102 The Finan¢i81 Reports'ng Standard applicable in the UK and Republic of Ireland,. and have been prepared In accordance with the requlrèmènls of the Companie8 Act 2006. B4•1• for oplnlon We conducted our audit In accordance wlth International Standards on Audltlng IUKI IISAS IUKII and 8pplicabl8 law. Our responsibilities under those standards are further described in the auditor's r8sponslbllllles for th8 audll of the financlal stat8mènts secllon of our report. W8 are Snd8P8ndenl of the Charity Sn accord8nce wSlh the ethical requirements re1811ng to the audit of the financial ststements in the UK, including the Fin8ncial Reporting Standards Ilhe 'FRC'81 Ethical Sl8nd8rd, and we have fulfi'lled our other ethical responslbili1188 in accordance with these requirèments. W8 believe that thg audit evidence we have obtained is sufficlenl and appropriat8 to provide a basis for our opinion. In common with many other charltles of thi8 $lze and nature the auditors are u8èd to a8818t with the preparatlon of the linancial ststsmenl8. Con¢lu•lon8 rolatlng to golng concom In 8udlllng the flnancl81 statsrnenls, we have concluded that the trustees use of the going concern basis of accounting in preparallon of the financial statements Is approprSat8. Based on the work, we have perfomied, we have not Idenlified any material unc8rtaintl88 relallng to events or condition8 that. individually or collectively, may ca81 significant doubt on the charity'8 ability to contlnue as a golng concern for a period of at le8St Melve month8 from when the financial statements are aUtho8&d for issue. Our responslbllltles and the responslbllltl88 of the trustees with respect to going conrn are described n the relevant secllons of this report. Jackson Nicholas Assie Lin7iled Charlered CerlifiedAccounlanls Doc10'. 5e70152aec4a8ba7072d2b3cef076b87b3d2ef83
Advice For Renters Limited Company Limitsd by Guarantee Independent Auditorfs Report to the Members of Advice For Renters Limited fconllnuedj Year ended 31 March 2024 Other Informatlon The oth8r information comprises the information includéd in thè trnstees, report, other than thè financial stat8ments and our auditors report th6r8on, Thè truste8$ ar8 r8sponsible for the olher information contained within the tru8t888' report. Our opinion on the financial stat8m8nts do88 not cover the other information and, except to thè èxtent otherwise explicitly stated in our report, we do not expre88 any form of assurance conclusion thareon. In connection with our audit of the flnancial ststements, our responsibility is to read the other Information and, in doing so, consider whéther the other information 18 materially incongislenl with the financial statements or our knowledge obtained in Ihe course of thè audll or olh8rwls8 appèars lo b8 materially misstated. If we identify such material inconsistencles or apparent material mis8tatements, wè are required to detemiine wh8lh8r thi$ gives rise to a material misstatement in the financial statements, If, based on th8 Work we have performed, we conclude that there is a material m188tat8ment of th18 Other infomiauon, w8 ar8 réqulred to report that fact. Wa have nothlng to report In thls regard. Oplnlon• on oth•r mattern pre8crlb•d by tho Compan1¥8 Act 2006 In our opinion, based on the work undertaken In the course of the audR'. the information glven In the Iru81ee8' report lincorporaling the Dlr8ctor8' Report) for th8 flnanclal year for which the audited financial statements are prepared is con818tent with the audited financial 8tal8mèn18,' and Ihe Dlrector8' R8POrt ha8 been prepared In accordance wlth appllcable legal r8qulrem8n18 Matt•r• on whleh VA aro roqulrnd to report by excaptlon In tha light of the knowledge and und8rst8nding of the charity and its environment obtained in the cour88 of th8 audit, wg have not idenlifled mal8rial misstatements in th8 trust@09' r8POrt. W8 havè nothing to report in respect of the following matter6 In relation to which the Companies Act 20Cfj requlr85 us to report to you If, In our oplnlon., adequate accounting records have not been kept, or return8 adequate for our audlt have not b88n ré¢eived from branches not vlslted by us,. or the audlt8d tln8n¢ial statements are nol In agreament with the 8¢counting CordS and return8,' or eartaln disclosures of trustees, r8mun8ration specified by law are not made,. or we have not received all th8 infomation and explanatlons we requlre for our audSt'. or the trustees were not entitled to prapare the audited financi81 statements In accordanc8 With the small Companies regim8 and take advanlage of the small companies, exemptsons in préparing the dlrector8' report and from the requlrement to prèpare a strategic report. Jackfon Nichol( Assie Limiled Charleyed CerlifiedAcGoiinlants Doc ID.. 5tr70152aec4a8ba7072d2b3cef076ba7b3d2ef83
Advice For Renters Limited Company Limited by Guarantee Independent Auditorfs Report to th6 Members of Advice For Renters Limited (contlnued) Year ended 31 March 2024 Rebpon81bllltle8 of tru$tae¥ As explained more fully in the Irugtees, respon8ibilit188 ststemenl, Ihe trustees {who are also th6 directors for the purposes of company lawl are responsible for the preparation of th8 flnanclal statements in accordance with the applicabl8 financial reporting framework and for being satisfied that they give a true and fair view. and for such internal control as the trusteas detsrmine is necessary to 8nable the preparation of audited financial Statements that are fr66 from materlal mi3statemen( whether due to fraud or error. In pr8paring the fin8n¢ial statements, the trustees are regponsible for a8sessing th& charity's ability lo continue as a going concern, disclosing. as applicable, mallers related to going concern and uslng the going concern bas58 of accounting unless the trust8e8 either inlend lo liquidate the charity or to ceas8 oper8tSons, or have no r8all8ti¢ altemative but to do so. Audltoffq R•8pon8lbllltlo8 for tho Audlt of th• Flnanclal Statoments Our objectlves ar8 to obtaln rea80nable a8suranc8 about whether the financlal statements 88 8 whole are freé from material misstatement, whether due to fraud or èrror, and10 188ue 8n auditor's report that includ8s our opinion. Reasonable assurance is a high level of assurance but Is not 8 guarantee that an 8udit conducted in accordance wllh ISAS IUKI will always detect a material misstatement when it 8xisls. Misstatements can arise from fraud or error and are consid6r6d material if. individually or in the 8ggr8gal8. they could reasonably be expected to influence the @conomic deci81ons of user8 tsken on the basis of these fi'nancial statements. Ag part of an audlt In 8ccordanc& wlth ISA8 IUKI, we exercI8e prof688ional judgment and malnlain professional scèpticism throughout th6 audit. We algo.. Identify and 88Sè88 the rI8k8 of mat8ri81 mlsst8tement of the audlted financial 8t8tements, whether due to fraud or error, design and perfomi aud prOdureS respon81ve to thos8 ri8k8, and obtain 8udil evSdenc8 that 18 sufficiant and 8pproprlal8 lo provld8 a basls for our opinlon. The ri8k of not detecting a material mi83tatement r88ulling ffom fraud is higher than for one re8ulting from error, as fraud may involve colluslon, forgery. intentional omlsgion8, m18r8pr888ntations, or tha ov8rride of intemal control. Obt8ln an underslandlng of intsrnal control relevant to the audit in order to deslgn audlt procedures that are appropdale in th8 circumstances, but not for the purpo80 of expresslng an opinion on the effèctiveness of the Snternal control. Evaluate the approprSat6nass of accountlng pollc188 usèd and the rea8onablen088 of accounting 881im8les and related disc105ures made by the Iruslees. Conclude on the approprlal8n885 of Ihg truste88' us8 of th8 going concern basis of 8ccountlng and, based on the audit evidence obtained, wh8th8r 8 material uncertainly exists rélated lo events or conditions that may cast significant doubt on th8 charity's ability to continue as a going concern. If wa conclude that a mal8rial uncertainty exists, we ar8 rèquired to draw attention in our auditor's report to the related dlsclosures in the audited financlal st8t8m8nts or, if such disclosures are in8daqu8te, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditols report. However, future events or conditions may cause the charity to cease to continue as 8 going concern. Ja¢kson Nicholas Assie Limiled Charlered Cerlifi¢dAccounlanls 10 DOG ID.. 5&70152aec488ba7072d2b3c8f07eb87b3d28f83
Advice For Renters Limited Company Limited by Guarantee Independent Auditor's Report to the Members of Advlce For Renters Llmited (contlnuad) Year ended 31 March 2024 Evaluat6 lh& overall presantation, slructure and content of th8 audltèd financial statements, Including the disclosures, and whéther the audited financial statements represent the underlying transactions and events in a manner that a¢hleves fair presentation. We communicate wlth those charged with governanc8 r8gardlng, among othèr matters, the planned 8cope and liming of thè audit and significant audit findings, including any significant deficienci85 in ntemal control that we identify during our audit. Ext•nt to whlch tho audlt wa8 con8ld•red capabla of dets¢tlng Irregularltle8, Includlng fraud Irregularftles, Includlng fraud, are instances of non-compllan¢e wllh laws and regulatlon5. We design procedures in Iln8 with our re8ponsibilitie8, Outlined above, to d&tèGt materi81 mi33latem8nts in respect or Irregularities, including fraud. Thè èxtent to which our procedures are capable of d8t8ctlng Irr8gularilies, including fraud is d8lalled below.. We considèrèd thè nature of the charrty'8 indu8try and ils control environment and reviewed the charlty'8 documentalion of thelr policie8 end pro¢&dur&s ralating lo fraud and compliance with law8 and régul8tion8. W@ al80 8nquir8d of man8gement and others within the &ntily about thelr own Identlflcatlon and 888e$sment of the ri8k8 of Irr8gularltle¥. Wè obtalned an under8landlng of the leg81 and regulatory fram8work8 that the charlty oparat88 In, and Identified the key laws and regulallons that.. had 8 dir8cI effect on th8 d8t8rmin8tion of matsrial amounts and di8closures in the fi'nancial statsments. Th8sè included the Companies Act, Charitles Act, Charilles (Accounts and Reports) R8gu18tions 2008, H8alth and Safely Act, employment law, pensions legislation, tsx legislation, Brlbery Act and Slavery Act.. and do not have a direct effect on the financial 81at8ments but compliance with which may be fund8m8ntal to the charity's abllty lo operate or to avoid a material penalty. These Includ&d the Charity Commlsslon for Eng18nd and Wales (Charlly Commlsslon} regulatlons. lundralslng regulatlons and AntS-Mon8y Launderfng Regulation8 lineluding Proceeds of Crime Act 2002 and T8rrori8m Act 20001 We dlscussed among the eudlt engagement team regardlng the opportunllles and Incentives Ihal may exS8l wlthin the organSsatSon for fraud and how and wher8 Iraud mlght occur in the financial statements. A8 a result of performing the above, we IdenlSfled th8 greate81 potential for fraud In the followlng areas, and our specific procedures perfomed to address them are describèd balow.. Recognition of grant incom8'. this involves judgement around whathér grant$ have performance conditions attached to them which have to be met before Income can be rècognised, as well as judgement over whether or not Ihose conditlons havè b8en satisfied. On a sample basis, we have assessed the judgements and estimates made by managemenl in Ihe recognition of this incomé. Appropriate allocation of restrictad in¢ome'. there is a nsk that restricted income may not have been identified and allocated as such. We reVIed the allocation of income lo restricted or unrestricted funds on initlgl recognition to ensure restrictions were appropriatèly identified and applied, and we reviewed fund transfers from restricted lo unrestrlcted funds to assess the rationale for th088 movements. Jackson Nichola5 Assie Lirpiiled Churlered CeYiifiedAccounlanls Do¢ ID.. 5e70152a&c488ba7072d2b3cef076ba7b3d2ef83
Advice For Renters Limited Company Llmitsd by Guarantee Indepondent Auditor's Report to the Member8 of Advice For Renters Limited l¢ontlnuedJ Year ended 31 March 2024 In common wlth all audits undar ISAS IUKI, we are also required to P8rfom specific procedures to respond to the rlsk of management override. In addre88ing the risk of fraud through management OV8rrid8 of controls. we tested th8 appropriat8nes$ ofjournal entries and other adjustments,. assessed wh8th8r the judgements made in making accounting estimates are indicalive of a potential bias., and 8V81uated the business rational8 of any significant transactlons that are unusual or oulside the normal cours8 of business. In addition to the above, our procedur88 lo rg8pond to the risks identifled included the following.. reviewing finan¢lal 8tatem&nt disctosures by testing lo supporting documenlatlon to asse88 complianc8 with provisions of f818vant18w8 and regulations descrlb8d 88 having a direct effect on tho financial slalements., rforming analytical procedur68 to identify any unusual or unaxpected relationships that may indicate risks of material mi$3tstsmenl due lo fraud., anqulrlng of managemént concernlng actual and pot8ntlal Iltlgatlon and claims, and instances of non-compllance with law8 and règulations,, and readlng mlnules of meetings of those ch8rged wlth governance, r8viwing internal management reports, reviewing Correspondence with HMRC and with the Charity Commission. U•0 of our report This r8POrt 18 m8de solely to th8 charity's member8, 88 8 body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006, Our audit work has be6n undertaken so that we mlght slate to th8 charity's members those matters we are requlrèd to stale lo them In an auditor'8 report and for no other purpose. To the fullest èxtent permltted by law. we do not accept or a88um8 r88ponsibility to anyone other than the charity and the Charlty's members as 8 body, for our 8udll work, for this report, or for the opinion6 we have fom)ed. John Assie FCCA (Senior Statutory Audltor) for and on behalf of Jaekson NicholAS Assi¢ Limited Chartered Certltled Accountants and Statutory Audltors Suite 7, Meridian House 62 Station Road North Chin¥ford London E4 7DB 41111 29 November 2024 Jackson Nicholas Assie Limiled Charlered CertifiedAccouNlanls 12 Doc ID.. 5&70152aec4a8ba7072d2b3¢ef076ba7b3d2ef83
Advice For Renters Limited Company Limited by Guarantse Statement of Financial Activities (Including inGome and expenditure account) Yaar ended 31 March 2024 2024 Rèstricted funds Total fund• Total fvnds 2023 Unrestrict8d funds Incomo and endowmants Donations and Gifts Charitab18 activities Other trading activitie8 Investment income 6,483 348,458 2,060 1,969 358,970 5,155 249.262 11,638 597,720 2,060 1,969 22,184 514,735 1,191 1,009 Total Income 254,417 813,387 539,099 Expendlturo Expenditure on charitable a¢tlvhie8 Totsl •xpendltur• 9,10 {332,110) 1296.8931 1628,8031 1533,8371 {332,110} 1296,8931 1628,8031 1533,8371 Not {•xp•ndltureyln¢omo 26,860 142,278} 115,4181 5,262 Tran8fer8 bèhveen fund8 16,OTrJl 6,000 Net movement In fund• 20,860 {38,2761 115,4181 5,262 Reconclllatlon of fund8 Tol81 funds brought forward Total fund• carrlod forward 31,197 133,088 184,283 159,001 52.057 96,790 148,847 184.283 The ststement of flnancsal acllvltles Includes all gains and losses recognlsed In the year. All Income and expendSture derfve from continuing activlties. The notes on pRge8 16 to 30 form PArt of these flnanelnl stAtement5. Jacknon Nicholt7s Assie Limited Churlered Cerlified Accounlanls 13 tk)c ID.. 5870152aec4a8ba7072d2b3cgf076ba7b3(12ef83
Advice For Renters Limited Company Limited by Guarantee Statement of Financial Position 31 March 2024 2024 2023 Not• Flxed a880ts Tangible fixed as88ts 18 213 Current a880ts Dabtorg Cash at bank and In hand 19 167,350 79,268 154,520 192,108 246,616 346,628 Credltorn: amounts falllng due wlthln one yoar Not curront •••ots 20 162.0321 1176,7541 184,584 169,874 170,087 Totsl a8•ats1o•• ¢urr•nt Ilabllltl•8 184,584 Cr•dltor•." amounts falllng du• after mor• than ono year Not a•••ts 21 135,737} 148,847 15,8241 164,263 Fund8 of the chArfty R88trict8d fund Unrestrict8d fund8 96,790 52,057 133,066 31,197 164,263 Tolal charlty funds 23 148,847 These financial 8lalèments have been prepared in accordance wlth the provisions applicable to companies subject to the small companies, reglmg. These flnanclal stal6ments were approved by tha board of trustees and aulhorlsed ft)r188ue on 28 November 2024, and are 8igned on b8half of the bo8rd by.. Jacky Peacock Tru8te8 Jennifer Wall Trustee Company Regl8lrallon'. 2436887 The note$ on pag¢s 16 to 30 form part of these flnftncl*l statements. Jacklon Nickolas Assie Limited Chai'lered CeYlifiedAccozinlants 14 Doc ID.. 5&7015280¢488ba7072d2b3cef078ba7b3d2ef83
Advice For Renters Limited Company Limited by Guarantse Statement of Cash Flows Year ended 31 March 2024 2024 2023 Co•h flow8 from operallng actlvltl•8 Nèl lexpenditurellincome 115,4161 5,262 Adjustmonts for.. Depreciation of tangible flx8d assèts Other interest recéivable and slmilar Income Accru8d income 213 {1,9691 {12,7821 978 11,009) {11,4081 Changes in.. Trade and other debtors Trade and other creditor8 1521 (84,8051 {114,8111 11,2291 85,006 Nat C88h flow from operating activitie8 57,602 Ca•h Ilow• from Invo8tlng actlvltl•• Interest received 1,989 1,009 N•t Idecre*•elllncre••e In ca•h and ca8h oqulvalents Ca•h and ca•h equlvalants at beglnnlng oly••r Ca•h and caoh equlvalents at end of yoar 1112.8421 192,108 58.611 133,497 192,108 79,268 JackJoM Nicholas Assie Limiled Charlered Cerifi iedAccounlanls 15 Doc ID.. 5e70152aec488ba7072d2b3cgf076ba7b3d2ef83
Advice For Renters Limited Company Llmlted by Guarantee Notès to the Financial Statsments Year ended 31 March 2024 Goneral Information Thè charity IS 8 publi¢ benefft entity and a private company limited by guarante8, registered in England and Wales and a registered charity in England and Wales. The address of tha regislered office is 36-38 Willesden Lane, Kilburn, London. NW6 7ST. Statement of compllance The fln8ncial statements have been prepared in accordanc8 With th8 Statement of R&comm8nded Practice.. Accounting and Reporting by Charltles pr&paring thelr accounts in accordance with the Financlal Reportlng Standard applicabl8 in the UK and Republic of Ireland IFRS 1021 issued in October 2019 and the Financial Rèporting Standard applicabl8 in th8 Unit8d Klngdom and Republic of Ireland IFRS1021 and the Compan188 Act 2006 and UK G8nerally Accepted Practice as it applies from 1 January 2019. Accounllng poll¢l•• B••l• of pr•paratlon Th8 financlal 8t8tements have been prepared on the historical cost basis. The financlal statements are prepared in sterling, whichls th8 functlonal currèncy of the entlty. Golng concarn Al the year end the charlty had fr88 re88rv8s of £52,05712023. £31,197) The ¢h8rlty Is partly dependent on uncommltted and contingent grant or project funding, The budget and cash flow forecagl for 2023124 and 2024125 Show that the charity has ob18ined suffi¢ienl funding to cover all anllclpatèd èxpenses of the following twelv8 month8. The financlal 8tat&mènt8 h8Vé thérefor8 been prepared on a going concern basi8. There are no materi81 uncertalntle8 about the charity'8 ablllty to continue. Judgements and k•y •our¢•• of o•tlmatlon uncertalnty The pparatIon of the flnanclal statements requlres management lo make Judgements, eglimalfrs and 888umption$ that affect Ihe amounts reported. These 88timates and judgoments ar8 conlinu8lly revlewed and 8r8 based on experience and other factors, including oxpectation8 of fvture events that are belleved to be reasonable under the circumstances. Thère have been no judgemen18 (apart from Ihose involving e$timalion$} that management has made in the proc8$8 of applying the entity's accountlng pollcle8 thal have 81gnifl¢anl effect on the amounts racognlsed In the financial statements. There have bean no assumptions or other sourc88 of estimation uncertainly that have a significant risk of causing a material adjustment to the carrying amounts of assets and Ilabilitl8S within the next fi'nancial year. Jackson NicholL7S Assie Limiled Charlered CevlifiedAccoup7tanls 16 Doc ID.. 5870152aec4a8ba7072d2b3cef076ba7b3d2ef83
Advice For Renters Limited Company Limited by Guarantee Notas to th8 Financial Statsments IntInued) Year ended 31 March 2024 A¢¢ountlng polSc108 (contlnuedj Fund accountlng Unrestricted funds are avallable for use at the dlscretlon of the trusts8S to further any of the charity's purposes. Dè8ignat8d funds are unrestricted funds earmarked by the trustees for particular fijture project or commitment. Re81ri¢ted funds are subjected to r8striction8 on th8ir expenditurè d8clar8d by th8 donor or through the terms of an app8al, and fall Into ona of Iwo sub-class8s'. restrielad Incomè fund8 or endowment funds. Incomlng re8ourco8 All income is included in the stalement of fln8n¢l81 acllvllles when entitlement h88 passed to the harity, St 18 probable that the economlc benèfits assoclalèd wllh th8 trBns8cllon will flow to the charity and the amount can bè rell8bly measured The following 8pa¢ific poli¢ies are applled to particular categorl85 of Income.. income from donatlon8 or grants Is recogn18ed when there18 evldence of entltlement lo the gift, ceipt is probable and its amount can b8 measured rellably. legacy Incom818 recogni8ed when recelpt is probable and entitlement is e6tabli8hed.- income from donated good8 18 m8asurèd at the falr value of the goods unless Ihlg Is impractical to me8sur8 rellably, In whlch case the value is derived from the cost to the donor or the estimated fesale value. Donated faciliti8s and 8ervlce8 are recognised In Ihe accounts when received if the value can be re15ably m8a8ur8d. No amounts are Included for the contrlbullon of general volunteers. Income from conlracl8 for th8 supply of $etvices 1$ recognised with the delivery of the contracted seNlce, This is classifiéd as unrestricted funds unle88 there 18 a conlraclual requlrem8nl for It to be spent on a partlcular purpose and returned if unspent, In which case It may b8 regarded as re8tri¢ted. Jackson Nicholay Assie Limiled Charlered Cerlified Accounlanl 17 Doc ID.. T015288C4a8b87072d2b3f076ba7b3d2e183
Advice For Renters Limited Company Limited by Guarantee Notes to the Financial Statements (¢ontlnuod) Year ended 31 March 2024 Aceountlng pollcl08 {¢ontlnuod) R080urco8 exp•nded Expenditure is recognised on an accruals basis as a liability is incurr8d. Expenditure includes any VAT which cannot ba fully recover8d. and is Classified under headings of the statement of financial activities to which it relates.. expendlture on ralslng funds includes th8 ¢o$ts of all fundraising activities, ev8nl8, non-chari*abl@ tradlng activities, and the sal8 of donated goods. expenditure on Charitsble activities includes all costs Incurred by a charity in undertaklng activities that furthèr it8 ¢haril8ble aims for the b8n8fit of its beneficiaries, including those support costs and c08ts relallng to the governance of th8 charlty apportloned to charitable aclivitles, other expgnditure Includ88 all oxpgndrture thal Is n8lther related to raising fund8 for the charity nor part of its exp8ndSlure on charitable aclivltle8. All cost8 are allocated to QXP8ndlture categories reflecting th8 use of the resource. Dlrect costs attributable lo a slngle activity are allocatèd dlreclly lo that activity. Shared costs are apportioned be88n the activities they contnbute lo on a reasonable, iustrfiable and ¢onslstent basis. Oporatlng1oa•o• Le868 paym8nts are recogn188d as an 8Xn$8 over the lease temi on a 8traight-lin8 ba818. The aggregate ben@flt of lease Incentlv8s Is r8cognls8d 8s a reducllon to expen88 OV8r th8 18888 term. on 8 slraight-lin8 ba818. Tanglblo A••Ots T8nglble assets are Initially recorded at CO8t, 8nd subsequently stated al c08t lèss any accumulated depreciation 8nd Impairm8nt 108585. Any tangible assets carried at r8valu8d amounts arè recorded at the fair value al Ihe date of revaluation le$8 any subsequent accumulated depreciatlon and subsequent accumulated Impalrment losses. Minor addltlon8 or th08e costing below £2,500 are not ¢apitali8ed. An Increa88 In the carrylng amount of an 883et as a result of 8 revaluation,18 r8cogni8ed in other rècognised gains and108888, unless it reverses a charge for imp8irment that has previously béen recognised as expenditure within the statement of finsncial 8Ctivities. A decrease in the carrying amounl of an asset as a result of revaluation, is recognis8d in other recognised gains and losses, except to which it offsets any pravious revaluation gain, in which ease the loss is shown withln other recognised galns and losses on Ihè statement of Ilnanclal activiti88. Dopreclatlon Dépreciation is calculatèd 80 as to wrSte off the cost or valuation of an asset, lo88 118 résidual value, over th8 useful economlc Ilf8 of that asset as follows.. Leasehold Property Fixturas and fittings over the tèrm of lease straight line over 3 years Jackfon Nicholos Assie l.imiled Charlered Cerlified Accotsnlanls 18 Doc ID.. 59701528ec4a8ba7072d2b3cof076ba7b3d2ef83
Advice For Renters Limited Company Limitsd by Guarantee Notes to the Financial Statsments feonunuedj Year ended 31 March 2024 Aceountlng poll¢le8 fcontlnuedj Impalrmont of flxod a8•et8 A revlew for indlcators of impalrment is carried out at each reporting date, with the reeover8ble amount being estimatèd where such indicators exist. Where the carrying value exceeds the recovarable amount. the asset is impaired accordingly. Prior impairments are also reviewed for possible rèv8rsal at each reporting datè. For the purp0888 of Impairment tasting, when St Is not possible to estimate the recoverablè amounl of an indlvldual asset, an estimate 18 madè of the recov8rabla amount of th8 cash-generating unit lo which the ass81 belongs. The cash-generating unlt 1$ the smallest identifiabl8 group of ass8ts that includes the asset and genarates cash inflows Ihat largely Independent of the ca8h inflows from other ass813 or groups of 8SS813. Flnanclal In•trurn•nts A flnancial 888et or a financial118blllty Is r8cogn18ed only when the entlty b8com88 a paty to the ¢onlractual provisions of the In81rumenl. Basic financial In81rumentS 8r8 Inltlally r8cognls8d at the amount recelvable or payable Includlng any r818t8d transaction ¢0918, un1858 the arr8ngem8nt congtilules a flnancSng trang8clion, where It Is recognlsed 8t the present value of tha future paym8nt8 dlsoounled at a market rate of Interest for a slmilar debt instrument. Current assets and currènt 1Sabllltles are subsequently mèasured at the cash or other consSderallon exp8Cted to be paid or recelved and not discounted. Debt In8truments ar8 8ub8equently m8a8urgd at amort188d cost. Any revgrsals of Impalrmenl ar8 COgnised imm8dialely, to the ext8nl that the reversal does not r&sult in a carrylng amount of the financial a888t that exceed8 what the carrying amount would have been had the impaSrment not prevlously bean re¢ognised. Deflnod contrlbutlon pl&n• Conlrfbutlons to defined contribullon plans are recognls8d as an expense In thè pèriod In whSch the related 8ervice 18 provided, Prepaid ¢onlribullons are recognised 88 an assèt lo the exl8nl that the prepayment will lead to 8 reduction In fvtuTr payments or a eA8h refund. Whèn contributions are not expected lo be Settled wholly within 12 months of thè end of the reporting dale In which Ihe employees render thè rel8ted servlcè, tha liebility is measured on a discountèd prosent valu9 bg8is. The unwinding of the diaGount is recognised as en expenso In the perlod In whlchll arlses. Jackyon Nicholas Assie Limited Chai'lered Cerifi iedAccountanls 19 Doc ID.. 5e70152a&¢4a8ba7072d2b3¢ef076ba7b3d2ef83
Advice For Renters Limited Company Limited by Guarant80 Notas to the Financial Statsments (¢onlinugd) Year ended 31 March 2024 Llmltsd by guarantsa Advice For Renters Limlted (formerly Brent Priv8t8 Tenants, Rights Group) is 8 charitable company limited by guarant88 and was incorporaled on 26th October 1989. It is gov8med by a memorandum and articles of a8s0¢iation. None of th8 trustees has any beneficial int&r88t In the company. All of the trustees are members of the company and guarantee lo contribute £1 in the avént of a winding up. Donatlono and 91ft8 Unrestricted Funds Restricted Totsl Fund• Funds 2024 Donatlon8 Indivlduals and other 8,483 5,155 11,838 Unr88trict8d Funds R88trlcted Totsl Fund8 Fund8 2023 l)onatlon8 Individuals and other 18,854 5,510 22,164 Charltablo a¢tlvltlo• Unrestrlcted Funds Restrlcted Total Fund• Funds 2024 Capllal Grants Housing Advlca Other Servlc@8 Policy Devolopmenl and Central Servl¢eJ 188,458 75,000 174,282 263,458 174,262 160,000 597,720 180,000 348,458 249,262 Unr88trlcted Funds Re8trlcted Totsl Funds Funds 2023 Capit81 Grants Housing Advice Other Servie8S Policy Developmont and Central Servlce$ 5,000 102,874 207,821 5,000 219,384 207,821 82,530 514,735 118,510 82,630 199,040 315,695 Jackson Nicholt75 Assie Limiled Charlered Cerlified AL'L'ounlanlN 20 Ooc ID.. 58701528gc4a8ba7072d2b3cef076ba7b3d2a183
Advice For Renters Limited Company Limited by Guarantee Notes to the Financial Statements leontlnuod) Year ended 31 March 2024 Charltable actlvltles f¢ontlnued) Thè total income of £597,720 (2023.. £514,735) has been rac8iv8d from the following organi8ations'. 2024 2023 Legal Aid Agency Brent Debt Advisor Oak Foundation Core Funds Trust for London Contract UK Power NeorkS Lottery Fund Charles Plater Garfi81d Weston Bulmer Trust London Legal Support Trust ILLSTI DMF Ellis Charllable Tru81 City Bridge Tru81 BRENT C02GO Brent Council - VSIF UK Power NeIOrks/csE Society of Holy Chlld of Jesus Community Justice Fund Wave 3 Awards for All Canlas Sl John Southworlh Brent Health Matters IBHMI Fairer Housing Edward H8rvlst Birmingham City Councll Greater London Authorlty City Bridge Trust London Catalyst CIL 188,458 100,000 80.000 57,500 40,000 50,262 24,000 30,000 15,000 10,000 2,500 104,314 50,000 80,000 60,924 32,550 30,000 31,450 20,000 18,750 15,000 12,300 12,196 10,000 8,333 6,200 8,000 5,000 5,000 4,500 2,530 750 {1,0621 514,735 597,720 Other tradlng actlvltl?• Unrestrlcted Totsl Fund• Unreslricled Total Funds Funds 2024 Fund6 2023 Rantal Income Other income - relmbur8ement8lrefunds 640 1,191 1,191 1,420 1,420 2.060 2,080 1,191 1,191 Jacknon Nicholas Assie Llmiled Charlered CerlifiedAccounta171s 21 Doc10'. 5e70152aec4a8ba7072d2b3cef076ba7b3d2&f83
Advice For Renters Limited Company Limited by Guarantee Notes to the Financial Ststements feontinu8dJ Year endod 31 March 2024 Inv08tmènt Income Unr8striGted Total Funds Unrestrictsd Total Funds Funds 2024 Funds 2023 Bank interest 1,969 1,989 1,009 1,009 expendlturo on charltsble actlvlt108 by fund typo Unrestricted Funds R88tricl8d Total Fund• Funds 2024 Hou$Sng Advlca Other Capital Support C0818 206,057 117,754 75,603 198,803 281,660 318,557 8,299 332,110 22,287 296,893 30.586 628.803 Unrestrictsd Funds Reslrfcted Total Funds Funds 2023 Housing Advice Olh8r Capital Support C08t8 159,528 107,345 62,652 177,079 5,001 222,180 284.424 5,001 22,232 22,232 289,105 244,732 533,837 10. Exp•ndlture on charftsbl• 4¢tlvltle8 by actlvlty typ• Activities und8rtakan dI¢11Y Support costs Total fund• 2024 Total fvnd 2023 Houslng Advice Other Capltal Governance costs 281,660 316,557 1,116 24,822 282,776 341,379 223,570 300,863 5,001 4,403 533,837 4,648 30,586 4,848 828,803 598.217 11. Analy818 of govomanco c08t8 2024 2023 AudSt f88s SRA audit feès Corporation tax return lees Companies House F888 Ico 3,825 3,550 600 205 13 35 175 13 35 Total 4,648 4,403 Jackson Nicholas AsNle Limiled Chaylered CertifiedAccounlanls 22 Doc ID- 5e70152aec4a8ba7072d2b3c8f076b87b3d2ef83
Advice For Renters Limited Company Limited by Guarantee Notes to the Financial Statements fcondnuedj Year ended 31 March 2024 12. Analy818 of 8UPPOrt ¢08ts Total 2024 Total 2023 Gov8mance costs Running Costs Company Administratlon 4,648 11,897 14,041 4,403 12,031 5,798 22,232 30,586 13. Net (expendlturelllncome Nel lexpenditurellincomels stated after ch8rgingll¢redltlng}-. 2024 2023 Depreciation of tanglble fixed assets Operating18as8 rèntals 213 24,414 978 23,689 14. Audltor• remunoratlon 2024 2023 Fee8 payabl& for the audll of the flnancial 8tat8menls Fees for non-audit 88rvic8s 2,212 2,213 2,075 2,075 15. 8taff co•ts Th8 total slaff costs and employee benefits for the rèportlng perlod are analysed as follows.. 2024 2023 Wages and salaries Social security costJ Employer contributions to pensSon plan8 408,998 33,655 9,129 451,782 370,914 32,018 8,218 411,148 The chief executive was paid £39,95712023'. £42,000). The average head count of employoes during the year was 1812023.. 131. The average number of full-tlme equivalent employee8 during th8 ye8r is analysed a8 follow8.' 2024 No. 2023 Number of staff engaged In charltable, finance and admin actlvltl8s 15 13 No employee r8celved employee beneflts of rn0 than £80,000 durlng th8 year (2023.. NII). Key Management Pornonnel Key management Pgrsonnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key menagement personnel for services provlded to thé charily was £45,228 {2023'. £47,853). Jackson Nicholas Assie Liiniled Chaviered C¢rifi led Accountani 23 Doc ID.. 5970152aec4a8ba7072d2b3c6f076b87b3d2ef83
Advice For Renters Limited Company Limitsd by Guarantee Notes to the Financial Statements (¢ontlnue(O Year ended 31 March 2024 16. Tru8te• remungratlon and •xpgnso1 no remuneration or other benéfits from employment with the charfty or a relaled entity were received by the truste88 None of the trustees lor any persons connected with them} received any remuneration or expenses durfng the year {2023'. NIII No tru8t&è8 or other person related to the charily has any pgr80nal interest in any contract or Iransecllon that has b8en entered Into by the charity during ihe ye8r12023'. Nill. 17. Tran8for8 tween fund• Tr8nsfer8 b8tsv88n unroslricled funds are restricted fund8 are to make good 8hortfalls and to ellminate nogallve balances, 18. Tinglblo flxed a88?t• Land and FIxtu8 and buildings fitting8 Total Co•t At 1 Aprll 2023 •nd 31 March 2024 Depreclatlon At 1 April 2023 Charge for tha ye8r At 31 Mirch 2024 82,314 15,180 97,494 82,101 213 15,180 97,281 213 82,314 15,180 97.494 Carrylng amount At 31 March 2024 At 31 March 2023 213 213 19. Debtor• 2024 2023 Trade debtor8 Prepayments and 8c¢rued income 3,038 164,314 167,350 4,830 149,890 154,520 Jackson Nichola& Assie Limil¢d Charler8d CerlifiedA¢Lounlanl 24 Do¢ ID.. 5e70152aec488ba7072d2b3cef076ba7b3d2e183
Advice For Renters Limited Company Limited by Guarantee Notes to the Financial Statements (eontinu8dJ Year ended 31 March 2024 20. Crodltor•: amounts falllng due within ono yfrar 2024 2023 Trade craditors Accruals and deferred Income Social sècurity and other tax85 other cradhors 3,476 4,671 31,892 21,993 82,032 5.728 4.675 13.155 153,196 176,754 The figure in other cr8dhor8 Include a pen8ion Ilabllity of £3,84412023.' £3,191). There 18 no other penslon Ilablllty other than thos8 disclosed above. 21. Cr•dltorn: amounts falllng du• aft•r rnor• than ono yr 2024 2023 Social securlty and other taxe8 35,737 5,824 The lax@8 due 8fter one year are th08e related to PAYE and VAT, which are being paying in In8talments each month {£2001month for VAT and £1,5001month for PAYEI. 22. Pen8lon• and other po81-retlramant beneflts Doflned contrlbutlon plan• The amount recogn188d in Sncome or expenditur6 AS an expense Sn relatlon to dèflned contdbullon plans was £9,129 {2023. £8,216), 23. An*ly•l• of ¢harltablo fund• Unro•trl¢tsd fund• At 1 Aprll 2023 At Transf8r8 31 March 2024 Income Expenditure General funds 31,197 358,970 {332,1101 (6,OfrJl 52,057 At 1 AprS12022 At Transfers 31 M•rth 2023 Income Expendlturè General funds 125,733 217,894 1289,1051 123,325) 31,197 Jackyon Nicholas Assie Limiled ClrIeVed CerlifiedAccounlanls 25 Doc ID.. 5870152aec4a8ba7072d2b3cef076ba7b3d2e183
Advice For Renters Limited Company Limited by Guarantee Notes to the Financial Statements (conllnu•d) Year ended 31 March 2024 23. Analy818 of charltsble funds iconUnu8dJ Rgstrlctsd fund8 Al 1 April 2023 At Transf8rs 31 March 2024 In¢ome Expenditure BCAN Birmingham Clty Council Brent Advice Fund BRENT C02GO Brent Debt Advisor Brent Health Matt6r8 Bulmér Trust Capital Grant Charl88 Pl8ter City Bridge Trust CIL Ellis Charitable Fund Fair8r Houslng Hardship Fund Grealar London Authorfly Houslng Advice (Awards for All + Brent Advicè Fund) London Calalysl Lottery Fund Mini Crowdfundlng Safe, Warm & Well Trust for London UK Power NetrJort(8 1,855 5,000 28 16,346 42,536 750 11,8551 15,000} 1281 118,3451 184,102) 17501 115,000) 100,000 58,434 15,000 1,000 1,000 24,000 130,0001 117,3271 11,6251 12,500} 11,485} 1581 14,5001 8,000 17,327 1,825 2,500 1,485 58 4,500 1,553 310 16,626 (1.5531 11721 141,8161 {5,1551 (4,8881 162,2651 14711 1298,6931 138 25,072 50.262 5,155 4,686 16,910 471 57,500 12,145 133,066 254,417 6,000 96,790 Jackson Nicholas Assie Limiled Charlered Cer¢ifiedAccounlanls 26 Doc ID- 5e70152aec4a8ba7072d2b3¢ef076b87b3d2ef83
Advice For Renters Limited Company Limitsd by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2024 23. Analy818 of Charltablg funds (conllnu8dJ At 1 April 2022 Al Tr8nsfer8 31 March 2023 Income Expenditure Awards for All BCAN Blmiingham City Council Brènt Advice Fund Brent Debt Advisor Brent Health Matt8r8 BRENT C02GO Capital Grant Caritas St John Southworth Charles Plat8r CIL City Brldge Trust Edward Hatvist Trust Fairer Houslng Greater London Aulhorfly Hardship Fund Housing Advice IAw8rds for All + Brent Advice Fund} London Catalyst Lollery Fund Mini Crowdfunding Saf8, Warm & W811 Society of Holy Child of Je8US Trust for London UK Power NeOrkS UK Power NeOrkS Voluntary Sactor Inrtiatlve Fund {VSIF) 10.000 110,012} 12 1,855 1,855 5,000 28 42,538 750 16,348 1.000 5,000 28 50,000 6,200 20,000 17,464) 17,084) 13,654) 1,834 1,000 8,333 30,000 (1,0621 31,450 5,000 6,000 4,500 129,4441 130,0001 21,111 2,887 1.625 17,327 114,1231 15,001} 14,515) 1,485 4,500 58 1,SS3 1,553 310 16.626 750 32.550 5,510 {440) 133,1821 {5,5101 17,258 4.686 250 4,888 12,300 80,924 (12,550) 144,014} 18,910 471 471 15,000 117,202} 2,202 1,787 18,750 120,5371 33,288 321,205 1244.7321 23,325 133,066 Jackson Nicholas Assie Limiled Charl¢red CertifiedAccountanls 27 Doc ID.. 5e70152aec4a8ba7072d2b3caK)76ba7b3d28f83
Advice For Renters Limited Company Limited by Guarantee Notes to tha Financial Statements (contlnugd) Year ended 31 March 2024 23. Analy818 of charltablo fund8 1¢ondnuedJ Funder Purpos8 of funding BRENTC02GO.' To enable fuel poverty work In Brent Brent Debt Ad8Ory.' Fundlng loi the provi8lon of debt a080ry work belng carried out In Brent Brent Health Mattei8.' To 8nabl¢ fuel povety work In BnI Bulmer Tru81.' Fundlng toward8 8alary of legal •dvl$er and office overheads Charlo8 Plater. To en8bl¢ fuel poverty work Sn Brent Clty Brfdge Tru81.' For 8 part-me housing advi88r Communlty InfraBlructure Levy ICILI.. The main funder for our flnan¢Sal Indu81on 8ervlce8 Edword Harv581.' Fundlng oblalned for the purch888 of IT equbpmenl Ellls Charilabla Tru81.. To provlde Irlage and b&8lc advlce. Thg grant18 toward8 the 8alory co81s of 8UPPQrt workei In Hereford. BnI Councll VSIF.. To In¢aSe the sk1118 of Partners al Brent Hub8 Brent Health Watch., To con8uII our Sgnlor Renler8' Group on health servlrAs and related rnaller8 Carlla8 Sl John.. Fundlng for the prov181on of debl advl80ry work belng c8rrl•d out In Brent GreBler London Aulhorfly IGL41 Toam London.. A 8o¢lal prescrlblng 88rvlce to 18e*le lonellngss arKI 8ocSal 18olallon through th6 prov181on of rnenlor8 London cal01.. To 88rvlc8 our Senlor Renter8, Group Lottery Fund.. Fundlng for Vvellbelng w01n0 MSnl Crowdfundlng.. Fundlng lo enoble legal work lo b8 carrfed out SoGlety of Hold Chlld of Jesu8.' To enable tuel poverty work In Brent Trust for London.. Fundlng lo enabl¢ legol work to be cairfed out and provlBlon of hou8lng advlce In are88 not eovorod by legal ald UK Power NeorkS.. To PrOde energy advlca for renter8 In fuel povety Jack¥on Nicholas Assie Limiled Charlei'ed Cerifi iedAccountanl, 28 Doc ID.. 5e70152aec4a8ba7072d2b3¢et076ba7b3d2ef83
Advice For Renters Limited Company Limited by Guarantee Notes to thè Financial Statements {¢llnllnued) Year ended 31 March 2024 24. Analy81• of not a88ets between funds Unrestrlcted Restricted Totsl Fund• Funds Funds 2024 Tangibl8 fixed assets Current assèts Creditors less than 1 year Creditors grèater than 1 year Net a890ts 149,826 162,032> 135,737} 52,057 96,790 246,818 162,0321 135,7371 148,847 96,790 Unrestrlct8d Funds Reslricled Total Fund8 Fund8 2023 T8ngib18 fixed assets Currènt as8818 Creditors le$$ than 1 yoar Credltors greater than 1 year Net a••ets 213 213,582 {178,7541 15,8241 31,197 213 346,828 1176.754} 15,824} 164,263 133,Ce8 133.086 25. Analy•l• of ch•nge• In nel dobt At At 1 Apr 2023 Cash flow8 31 Mar 2024 Cash al bank and In hand 192,108 {112.8421 79,268 28. Operatlng1oa•o commltments The total future minimum1888e payments under non-canc811able operating18a$es are as follows.. 2024 2023 Not later than 1 y88r Later than 1 year and not later than S years 21,845 6,806 23,160 28,451 23,160 Jack¥on Nicholas Assie Limiled Charlered CerilfiedAccounlanls 29 Doc ID.. 5&70152aec488ba7072d2b3cef076ba7b3d2ef83
Advice For Rentsrs Limited Company Limited by Guarantee Notes to the Financial Ststements (Comin) Year ended 31 March 2024 27. Related partle8 During the y88r the charity received funds on tshalf of clients. The fijnds were held in separate Client account subject to the Solicitors Accounts rules. The funds are separately accounted for and do nol form part of the charity's assets. At the year-8nd £7,605 {2023.' £139,104) was held on account. Also, a total of £307 was r8c8ivad from trustees during the y88r in relation to member8hSp f888 and donations. There were other related paty transactlons durlng ihe year (2023.. NIII. 28. Qolng conc•rn The Irustees have consldered the circumstances and projections of the charlty and are satisfled the going concern basis is appropriat8 for these financial 8tat8m8nls. 29. Poet balAn¢e •hoot ov•nt• The truste8s have considered th8 likelihood of any significant post balance sheet events and have concluded that there are none which impect the financial statèments. Jackson Nicholas Assie Limited Charlered Cei'lifiedAccounlanfs 30 Doc ID.. 5e70152aeG408ba7072d2b3cef076ba7b3d2ef83