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|Trustees'|report||3-17|
|---|---|---|---|
|Statement|ofTrustees'|responsibilities|16|
|Auditors'|report||18-21|
|Statement|offinancial activities||22|
|Balance sheet|||23|
|Statement|ofcash flows||24|
|Notes to the accounts|||25-35|
|Legal and|Administrative|Information|36|
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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|
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||||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|
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|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||||||
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||2022
f|5|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||||
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|||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|||
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|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||||||
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|2022|2021|
|---|---|
|E|E|
|449||
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|||||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||||||||
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|9STA~~ COSTS|||
|---|---|---|
||2022|2021|
||E|E|
|Wages snd salaries|447,761|325,967|
|Social security costs|45,055|30,569|
|Other pension costs|29,911|22,154|
|Recruitment
costs|574|5,227|
|Training costs|2687|941|
|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@||
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|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|
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|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|
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|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|
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|||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|
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|2021 comparative|analysis:|||||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|
||||funds|funds||
||||8|8||
|Fund balances at|31 December 2021 are represented|by:||||
|Fixed assets|||2,721||2,721|
|Current assets|||206,613|304,616|511,229|
|Creditors: amounts|falling due within one year||(29,656)|(86,600)|(116,256)|
|Creditors: amounts|falling due after one year|||~52 122)|~52 122|
||||||~45|
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||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||
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