|||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||
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|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|||||||||||||
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|||||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|||||||
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|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|
##