2022-12-31-accounts - Debt Justice

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he staff team consisted of:
Executive Director			Heidi Chow
Head of Poli			Tim Jones
HeadofCam ai nsandEn	a ement		Eva Watkinson
Head ofAdvoca			Jerome Phel s
Head of Finance and O erations			Matt Gardner
Senior Di ital Cam ai ner			Zak Suffee
Senior Communi Or aniser 0 aniser			l.ouie Herbert Sk e Goldin
Senior Poli Officer Household		debt	Joe Cox

			Unrestricted	Restricted	Total	Total
			funds	funds	2022	2021
		Notes	6	F	6	8
Income from:
Donations and legacies			234,345	548,458	782,803	556,620
Charitable activities			752		752	140
Other income: Coronavirus		Job Retention
Scheme grant						1,611
Investments and other income			449		449	11
Total			235 546	~548458	~784004	~558382
Expenditure on:
Raising funds			38,115	45,959	84,074	56,220
Charitable activities		6,7
Public education and campaigning			111,367	229,805	341,172	253,018
Advocacy			8,712	58,099	66,811	50,740
Policy and research			8,060	80,092	88,172	66,361
Movement building			24594	116501	141095	~92542
			152753	484497	637250	462 661
Total			~190868	~530456	~721 324	518881
Net incomel(expenditure)			44,678	18,002	62,680	39,501
Transfers between	funds
Net movement in funds			44,678	18,002	62,680	39,501
Total funds brought	forward	(1 January)	179678	165894	345572	306071
Total funds carried forward (31December)				1HjLK	~408 252	~4

AS AT 31 DECEMB	ER 2022
				2022			2021
		Notes	8		E
Fixed assets
Tangible assets		10		6,305			2,721
Current assets
Debtors		11	129,142			118,517
Cash at bank and in	hand		644 249			~392712
Total cunent assets			773,391			511,229
Creditors: amounts	falling due within
one year		12	(356649)			~116256
Net current assets				416	742		394973
Total assets less current liabilities				423,047			397,694
Creditors: amounts	falling due after
one year		13		(~14	795		~52 122
Net assets
The funds ofthe charity:
Restricted income funds				183,896			165,894
Designated funds		17	8,000			18,000
General funds			216356			161678
Unrestricted funds				224	356		'l79 678
Total charity funds		18

	2022 f	2021 8
Cash provided by operating activities (see below)	257,691	183,564
Cash flows from investing activities
Interest received	449	11
Payments to acquire tangible fixed assets Cash (used in) investing activities	~660 ~6154	~2851 ~2840
Het cash inflow	251,537	180,724
Cash and cash equivalents at 1 January	392712	211988
Cash and cash equivalents at31December
Cash flaws from operating activities
Net Income for the year	62,680	39,501
Interest received shown in invesdng activities Depreciation Decrease in stock	( 449) 3,019	( 11) 1,220
Decrease/(increase) in debtors (Decrease)/increase in creditors	( 10,626) 203067	239,575 ~96 721
Cash provided by operating activities

		Unrestricted	Restricted	Total
		funds	funds	2021
	Notes	8	5	8
Income from:
Donations and legacies	3	175,608	361,012	556,620
Charitable activities	5	'I40		140
Other income: Coronavirus	Job Retention
Scheme grant		1,611		1,611
Investments and other income		11		11
Total		177370	381012	558 382
Expenditure on:
Raising funds		24,147	32,073	56,220
Charitable activities	6,7
Public education and campaigning		62,674	170,144	253,016
Advocacy		6,522	42,218	50,740
Policy and research		7,084	59,277	66,361
Movement building		14491	76051	92 542
		112971	349 690	462 661
Total		~137118	381763	~518881
Net incomel(expenditure)		40,252	(751)	39,501
Transfers between funds	16
Net movement in funds		40,252	(751)	39,501
Total funds brought forward	(1 January)	139426	166645	306071
Total funds carried forward (31December)
		27

Donations and	gifts
	Unrestricted		Restricted	Total	Total
		funds	funds	funds	funds
				2022	2021
		6	E		6
abrdn Financial	Fairness Trust (formerly Standard	Life)	60,000	60,000	60,000
Anonymous		12,065	27,251	39,316	36,310
Christian Aid			10,000	10,000	10,000
Eva Reckitt Trust Fund					'i,000
FORGE			24,249	24,249
Gift Aid from donors		22,024	6,237	28,261	30,022
Joffe Charitable	Trust	30,000		30,000
John Ellerman Foundation		40,000		40,000
Lipman-lYliliband	Trust		2,000	2,000
Mr P Linsey Mr P IVlerson		1,500 960	400	1,500 1,360	1,500 1,360
Network for Social Change					20,000
Oak Foundation			60,170	60,170	31,749
Open Society Foundations			276,380	276,380	143,107
Others (each under 61,000) Reed Foundation —International		86,797	29,060 6,711	115,857 6,711	131,572 10,000
The Tudor Trust		40,000		40,000	40,000
Trust for London			46 000	46000	40000
Total

2022	2021
E	E
449

				Unrestricted	Unrestricted		Restricted	Total	Total
					funds		funds	funds	funds
								2022	2021
						6		6	E
Promotional	activities				752			752	140
Total income from charitable			activities		Z52				~14
6 EXPENDITURE
				Activities	Grant		Support	Total	Total
				undertaken	funding	of	costs	2022	2021
				directly	activities		(note 7)
				E			6
Raising funds				70,117			13,957	84,048	56,220
Charitable expenditure Total expenditure				531458			105792 ~1197	637250 ~324	462 661 ~51
Charitable	expenditure			Activities	Grant		Support	Total	Total
				undertaken	funding	of	costs	2022	2021
				directly 8	activities k		(note 7)
Public education		and campaigning		284,533			56,639	341,172	253,018
Advocacy				55,720			11,091	66,811	50,740
Policy and	research			73,534			14,638	88,172	66,361
Movement	building			117671			~23424	141095	92 542
Total charitable		expenditure

The avera	ge monthly number ofe	mployees during the year	wss:
		2022	2021	2022	2021
		No.	No.	FTE No.	FTE No.
Charitable	activities	9	7	8.7	7.2
Support services		2	2	1.7	1.1
				1k@

10FIXEDASSETS
	Fixtures, fittings
	and equipment	2022	2021
	F	E	8
Cost
At 1 January Additions Disposals	9,245 6,603	9,245 6,603	6,394 2,851
At 31 December	15848	15848	9245
Depreciation
At 1 January	6,524	6,524	5,304
Charge for the year	3,019	3,019	1,220
Disposals
At 31 December	9543	9543	6524
Net Book Value
At 1 January	2 72'I	2721	1 090
At 31 December	6~3	~6
11DEBTORS
		2022	2021
		8	E
Gift aid receivable		25,630	26,136
Other debtors and accrued income Prepayments		90,986 12526	89,622 2758 ~6

12CREDITORS: AMOUNTS FALLING DUE WITHIN O	NE YEAR
	2022	2021
	E	8
Trade creditors Taxes and social security cosh	2,661 12,847	8,663 11,811
Deferred income	318,419	84,275
Credit cards	1,335	493
Accruals	21 387	11014

to which the chari	ty will be entitled in 2024.
Deferred income	movement in the year ended 31 December.	2022	2021
		9	5
Balance brought	forward	136,397	239,154
Grants awarded in year to be used within one year Grant awarded in year to be used in more than one year Released in year		266,933 14,795 ~84911	84,275 52,122 ~239 154

		Balance at 1	Income	Expenditure	Transfers	Balance at 31
		Jan 2022				Dec 2022
		6	R			5
Christian Aid grant			10,000	(10,000)
Caribbean (Climate Global South	Debt)	80,346	72,080 300,208	(100,761) (256,841)	37,500 (37,500)	8,819 86,213
Household Debt project		84,921	166,170	(162,854)		88,237
Student Debt projecl		627				627
2021 comparative	statement:
		Balance at 1	Income	Expenditure	Transfers	Balance at 31
		Jan 2021 9	6	f		Dec 2021 6
Christian Aid grant			10,000	(10,000)
Climate Debt			43,845	(57,320)	13,475
Global South Household Debt project Student Debt project		83,641 82,377 627	195,418 131,749	(185,238) (129,205)	(13,475)	80,346 84,921 627

	Land and	Buildings	Plant and	Machinery
	2022 f	2021 F	2022 6	2021 8
Within one year	2,857			286
Between one and five years

							Land and	Buildings	Plant and	Machinery
							2022 E	2021 9	2022 f	2021 K
Operating	lease	rentals	payable	in	the	year	~1		286