2022-03-31-accounts

		Pacaee
Reference and Administrative	Details
Trustee Directors' Report		2 —13
independent Auditors' Report		14 —17
Statement of Financial Activities		18
Balance Sheet		19
Statement of Cash Flow		20
Notes to the Financial Statements		21 —34

Trustees (as at the date ofapproval	Trustees (as at the date ofapproval	ofthe report}
		R Bailey
		P Bray
		P Clark (Vice Chair)
		E Fothergill
		J Reeve
		F Saada (Chair)
Management		Mrs FCope (Chief Officer)
		Mr R Penska (Deputy Chief Officer) (from June 2022)
		Mrs S Leeroth (Advice Services Manager)
		Mr R Lees (Deputy Finance 8 Resource Manager)
Registered	Office	39Oxford Street
		Weston-super-Mare
		England
		BS231TN
Bankers		CAF Bank Ltd
		25 Kings Hill Avenue
		Kings Hall
		West Mailing
		Kent
		ME194JQ
Auditors		Albert Goodman	LLP
		Goodwood House
		Blackbrook Park	Avenue
		Taunton
		TA1 2PX

Using	the New Economy Manchester Model the Overall Va	the New Economy Manchester Model the Overall Va	the New Economy Manchester Model the Overall Va	the New Economy Manchester Model the Overall Va	lue (	advice and	voluntee	ring) in 2021-
Fiscal	Benefit —savin s to local and national overnment							E2,448,647
Public	Value —improvements	in health,	well-bein,	partici	ation	and productivit		f15,602,848
Value	to the peo le we hei	financial	outcomes					E9,224,701
Public	value of improving	clients'	welibeing	(emotional		wellbeing,	family	611,068,653
relationshi s and ositive functionin
Value	ofVolunteerin							f292,606

Savings to North Somerset	Savings to North Somerset	Savings to North Somerset	Council —preventing	Council —preventing	Council —preventing	Council —preventing	homelessness	homelessness	and	housing	housing	f216,162
evictions
Savings to the	NHS —reducing			mental	health	and	GP	services	and	keeping		2365,381
eo le in work
Savin sto the	DWP —b	kee	in	eo le	in work							E1,189,366
Savings to the	Criminal	Justice		System	by preventing			housing	evictions		and	626,204
homelessness

				Unre-	Re-		Unre-	Re-
				stricted	stricted	Total 2022	stricted	stricted	Total 2021
			Notes				f.	Z
Income:
Donations and legacies			2	191,230		191,230	210,189	10,152	220,341
Investments			3	837		837	991		991
Charitable activities			4	225,906	489,275	715,181	116,666	461,028	577,694
Total income				417,973	489,275	907,248	327,846	471,180	799,026
Expenditure:
Charitable activities			5	(225,794)	(532, 'I 84)	(757,978)	(205,102)	(457,194)	(662,296)
Interest payable				(5,588)	-	(5,588)	(5,900)	-	(5,900)
Total expenditure				(231,382)	(532, 184)	(763,566)	(211,002)	(457,194)	(668,196)
Net income I (expenditure)
for the year				186,591	(42,909)	143,682	116,844	13,986	130,830
Transfers between	funds		16	(9,763)	9,763		(15,891)	15,891
Other recognised	gains
Losses on revaluation		offixed
assets							(166,056)		(166,056)
Net movement in
funds for the year				176,828	(33,146)	143,682	(65,103)	29,877	(35,226)
Reconciliation of	funds
Total funds brought	forward			272,983	53,463	326,446	338,086	23,586	361,672
Total funds carried		forward		449,811	20,317	470,128	272,983	53,463	326,446

			2022	2021
		Notes
Fixed assets
Tangible fixed assets			209,735	212,731
			209,735	212,731
Current assets
Stock		11	6,594	6,123
Debtors		12	57,282	50,088
Cash at bank and	in hand		400,677	267,545
			464,553	323,756
Liabilities:
Creditors falling due	within one year	13	(90,426)	(89,206)
Net current assets			374,127	234,550
Creditors falling due	in more than one year	14	(113,734)	(120,835)
Total net assets			470,128	326,446
The funds ofthe charity:
Restricted funds		16	20,317	53,463
Unrestricted funds		16	449,811	272,983
Total charity funds			470,128	326,446

					Total 2022	Total 2021
					f	F
				Notes
Cash flows from operating activities
Net movements in funds for the year					143,682	130,830
Adjustments to cash flows from non-cash			items
Depreciation and amortisation					20,024	12,957
Loss on disposal offixed assets						16
Finance income					(837)	(991)
					162,869	142,812
Working capital adjustments
(Increase)/decrease in stock				11	(471)	(3,614)
(Increase)/decrease in debtors				12	(7,194)	13,084
Increase/(decrease) in creditors				13	1,220	(40,408)
Net cash flow from operations					156,424	111,874
Cash flows from investing	activities
Interest received					837	991
Purchase offixed assets					(17,028)	(45,344)
					(16,191)	(44,353)
Cash flows from financing	activities
Repayments of long term loans					(7,101)	(6,789)
					(7,101)	(6,789)
Net increase/(decrease) in	cash and cash equivalents				133,132	60,732
Cash and cash equivalents at		the beginning	of		267,545	206,813
the reporting period
Cash and cash equivalents		at the end ofthe			400,677	267,545
reporting period
Cash 5Cash equivalents reconciliation:
Cash at bank					400,677	267,545
Total cash 8 cash equivalents		at the end ofthe			400,677	267,545
reporting period

2. Income from donati	ons and leg	acies
	Unre-	Re-		Unre-	Re-
	stricted	stricted	2022	stricted	stricted	2021
	funds	funds	Total	funds	funds	Total
	Z	F		f	f
Donations and legacies
NSC - Core funding*	84,000		84,000	83,744		83,744
Donations	4,721		4,721	1,764	9,502	11,266
Miscellaneous incom e	(572)		(572)	14,729	650	15,379
Income from town councils;
Weston town council*	25,000		25,000	25,000		25,000
Clevedon town council*	25,000		25,000	25,000		25,000
Portishead town council*	25,000		25,000	24,514		24,514
Nailsea town council*	18,341		18,341	17,806		17,806
Parish councils"	9,740		9,740	17,632		17,632
	191,230		191,230	210,189	10,152	220,341

3.	Investment i	ncome
		Unre-	Re-		Unre-	Re-
		stricted	stricted	2022	stricted	stricted	2021
		funds	funds	Total	funds	funds	Total
		f.	F		f
Bank	interest	837		837	991		991
		837		837	991		991

Income	from charitable	from charitable	activities
			Unre-	Re-		Unre-	Re-
		stricted		stricted	2022	stricted	stricted	2021
			funds	funds	Total	funds	funds	Total
				f	f			F
Legal Services
Commission*				9,055	9,055	12,095		12,095
Bristol Wessex	Water			9,425	9,425		9,000	9,000
MaclVlillan				47,975	47,975		50,954	50,954
MAS (Formerly	F2F Debt
Advice Project)*				149,719	149,719		126,440	126,440
Pier Health				96,414	96,414		76,612	76,612
CJF				3,700	3,700		55,722	55,722
Sirona				20,000	20,000		20,216	20,216
NSC - Housing	Advice
Grant'		10,404			10,404	10,200		10,200
NSC - Post COVID Advice
Services"		46,000			46,000
NSC - Other Grants*			8,202		8,202	19,100		19,100
NSC Vulnerable	People*	56,356			56,356	55,252		55,252
NSC debt advice*		100,000			100,000
¹FirstSteps*				28,331	28,331		28,470	28,470
Help to Claim				74,934	74,934		74,778	74,778
Big Worle			4,944		4,944	8,144		8,144
Second step (Hope)							7,858	7,858
WHAM				25,282	25,282		10,978	10,978
Citizens Advice	National-
BEIS						10,000		10,000
Quartet Community
Foundation				24,440	24,440
Under 25k						1,875		1,875
		225,906		489,275	715,181	116,666	461,028	577,694

Expenditure	on c	haritab	le activitie	s
			Unre-	Re-		Unre-	Re-
			stricted	stricted	2022	stricted	stricte d	2021
			funds	funds	Total	funds	funds	Total
			f	f	f	f	f	f
Depreciation	8 loss	on
disposal ofassets			20,024		20,024	12,973		12,973
Staff costs			174,040	428,083	602,123	172,343	330,805	503,148
Allocated support costs			15,494	103,221	118,715	4,423	125,084	129,507
Accountancy	fees		7,019		7,019	6,894	239	7,133
Legal &professional		fees	1,302	509	1,811		1,066	1,066
Trade subscriptions			7,915	371	8,286	8,469		8,469
			225,794	532,184	757,978	205,102	457,194	662,296

Employees and employment costs
	2022	2021
Staff costs during the year were:
Wages and salaries	554,867	465,693
Social security costs	36,740	28,685
Other pension costs	10,516	8,770
	602,123	503,148

Net incoming res	ources/op	erati	ng surplus
					2022	2021
This is stated after	charging:
Depreciation					20,024	12,957
Operating leases-	property	rent			140	7,541
Operating leases-	other				14,516	14,488
Current auditors'	remuneration-		Audit fee		3,350	3,350
Current auditors'	remuneration-		Accountancy	8 other	3,669	3,783

Tangible fixed assets
	Land	Furniture
	and	and
	Buildings F	Fittings	Total f
Cost
At 1 April 2021	185,000	42,959	227,959
Additions	8,898	8,130	17,028
At 31 March 2022	193,898	51,089	244,987
Depreciation
At 1 April 2021		15,228	15,228
Charge for the year	3,878	16,146	20,024
At 31 March 2022	3,878	31,374	35,252
Net book value
At 31 March 2021	185,000	27,731	212,731
At 31 March 2022	190,020	19,715	209,735

11	Stocks
		2022	2021
	Work in progress	6,594	6,123
12	Debtors
		2022	2021
	Trade debtors	9,379	14,172
	Other debtors		323
	Prepayments	3,585	591
	Accrued income	44,318	35,002
		57,282	50,088

Creditors	: Amou	nts fa	lling due within one year
				2022	2021
				F	f
Trade creditors				12,422	3,124
Accruals				40,048	48,300
Deferred	income			8,421	18,715
Social security				14,830	1,863
VAT				1,917	7,605
Other creditors				5,988	2,799
Bank loan				6,800	6,800
				90,426	89,206
Deferred	Income
Deferred	income	brought	forward	18,715
Released	in year			(18,715)
Deferred	income	in year		8,421	18,715
Deferred	income	carried	forward	8,421	18,715

Creditors: Amounts falling due in over one	year
	2022	2021
	f	F
Bank loan	113,734	120,835
	113,734	120,835
	2022	2021
Bank loans
Total amount due	120,533	127,635
Less due in & 1 year	(6,800)	(6,800)
	113,733	120,835
Due 1-2years	6,800	6,800
Due 2-5 years	20,400	20,400
Due &5years	86,534	93,635
	113,734	120,835

		2022	2021
			F
Operating	leases which expire:
Within one year		26,844	14,488
Within two and five years		72,426	31,929
More than	five years	3,291
		102,561	46,417

16 Funds —	curr	ent year
			Balance at 1			Transfersl	Balance at
			April 2021	Income	Expenditure	revalutaion	31 March 2022
							f
Unrestricted Funds
General Fund			208,818	417,973	(231,382)	(19,197)	376,212
Premises Fund			64,165			9,434	73,599
Total unrestricted		funds	272,983	417,973	(231,382)	(9,763)	449,811
Restricted Funds
MAS (Formerly	F2F Debt
Advice Project)			6,728	149,719	(152,070)		4,377
Macmillan				47,975	(51,826)	3,851
Talking Money			1,422				1,422
Help to Claim			5,204	74,934	(76,873)		3,265
PFirst Steps (Formerly
South Ward	Initiative)		9,304	28,331	(37,149)		486
Wessex Water				18,850	(18,021)		829
WHAM			2,979	25,282	(22,030)		6,231
Pier Health				96,414	(99,252)	2,037	(801)
CJF			7,610	3,700	(7,132)		4,178
Sirona			20,216	20,000	(41,824)	1,535	(73)
Quartet Community
Foundation				15,015	(15,916)	901
Legal Services	Commission			9,055	(10,091)	1,439	403
Total restricted	funds		53,463	489,275	(532,184)	9,763	20,317
Total funds			326,446	907,248	(763,566)		470,128

			Balance at 1				Balance at
			April 2020	Income f	Expenditure F	Transfers f	31 March 2021
Unrestricted Funds
General Fund			119,753	327,846	(211,002)	(27,779)	208,818
Premises Fund			218333	—	—	(154168)	64,165
Total unrestricted		funds	338,086	327,846	{211,002)	{181,947)	272,983
Restricted Funds
MAS (Formerly	F2F Debt
Advice Project)			6,912	127,360	(127,544)		6,728
Macmillan				50,954	(59,869)	8,915
Talking Money			1,422				1,422
Help to Claim			1,418	74,708	(70,922)		5,204
ffFirst Steps (Formerly
South Ward Initiative)			7,493	28,470	(26,659)		9,304
Wessex Water				9,000	(10,231)	1,231
WHAM				10,978	(8,539)		2,979
Moving Fund				9,502	(13,366)	3,864
Miscellaneous				(200)		200
Virtual Law Clinic			3,171			(3,171)
Hope			3,245	7,858	(7,542)	(3,561)
Pier Health			(615)	76,612	(84,410)	8,413
CJF				55,722	(48,112)		7,610
Sirona				20,216			20,216
Total restricted	funds		23,586	471,180	(457,194)	15,891	53,463
Total funds			361,672	799,026	(668,196)	{166,056)	326,446

			Unre-	Re-		Unre-	Re-
			stricted	stricted	2022	stricted	stricted	2021
			funds	funds	Total	funds	funds	Total
				f	E	F	f
Tangible	fixed assets		209,735		209,735	212,731		212,731
Current	assets		427,987	36,566	464,553	270,293	53,463	323,756
Current	liabilities		(74,177)	(16,249)	(90,426)	(89,206)		(89,206)
Non current		liabilities	(113,734)		(113,734)	(120,835)		(120,835)
			449,811	20,317	470,128	272,983	53,463	326,446