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2024-03-31-accounts

Company number: 03324062

Charity number: 1061182

The Legal Advice Centre (University House)

Report and financial statements

For the year ended 31 March 2024

The Legal Advice Centre (University House) Contents For the year ended 31 March 2024

Page
Reference and administrative information 1
Trustees’ annual report 2 - 6
Independent examiner’s report 7
Statement of financial activities (incorporating an income and expenditure account) 8
Balance sheet 9
Statement of cash flows 10
Notes to the financial statements 11 - 17

The Legal Advice Centre (University House) Reference and administrative information

For the year ended 31 March 2024

Trustees

Company number
Charity number
Registered office



Independent Examiner		 Trustees, who are also directors under company law, served during
the year and up to the date of this report were as follows:
Charles Henry Bennett
Sally Elizabeth Twigger (Chair)
Alexander Hutton
Joannie Ann Andrews
Boin Cheong
Shalina Rahman
Foyez Ahmed Rahim (Secretary)
Mazidur Rahman
Jemma Louise Thorogood
Martin Steven Griffiths (Treasurer)
Rachel Morris
Robert Wheal
Camilla Sadler
Ali Ahmed
03324062
1061182
104 Roman Road
Bethnal Green
London
E2 0RN
Accountability Europe Ltd
Omnibus Workspace
39-41 North Road
London
N7 9DP
www.accountabilityeu.co.uk

1

The Legal Advice Centre (University House)

Trustees’ Annual Report

For the year ended 31 March 2024

The trustees, who are also directors under company law, present their report and financial statements for the year ended 31 March 2024. The trustees confirm that the financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice – Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.

OBJECTIVES AND ACTIVITIES

Purposes and aims

The Charity’s objectives are:

Public benefit

The trustees confirm that they have read, understood and adhere to the Charity Commission’s guidance on public benefit.

ACHIEVEMENTS AND PERFORMANCE

A great deal of our work is project based. Amongst our projects are the following:

Special Support Project

This project aims to define a new model of advice and advocacy for our users with complex health and social needs. Some of our users repeatedly call upon services such as ours for help on a wide range of matters. Through this project we provide front-loaded support to targeted individuals over a number of months, in order to help resolve problems which contribute to them reaching crisis point on a regular basis.

Advocacy Project

This project is based around volunteer law students and pro bono minded lawyers. Through the project we are supporting appointed ‘advocates’ to undertake disability benefits appeal casework and to provide advocacy at First-tier tribunal appeals. Our work in this area has really expanded. We now take on large numbers of disability benefit appeals.

2

The Legal Advice Centre (University House)

Trustees’ Annual Report

For the year ended 31 March 2024

Family Law Clinic

We now run thrice weekly Family Law clinics. The clinics are a collaboration between ourselves and seven international law firms. Typical casework includes helping Domestic Abuse victims obtain non-molestation orders. As part of this work, we have developed an Exceptional Casework Funding (ECF) project which runs in tandem with our clinics. ECF applications are made on behalf of individuals whose matter is strictly not within scope of Legal Aid. We, in effect, petition the Legal Aid Agency stating that the individual is sufficiently vulnerable and the matter is sufficiently complicated for public funding to be justified. Presently, we are achieving an 80% success rate with our ECF applications.

Housing Clinic

This clinic was set up in order to help with the growing housing crisis in London. It is a weekly morning clinic to reflect the working patterns of the three USA law firms who are providing the majority of the volunteers lawyers who staff the clinic.

Medico-Legal Partnership Project

In recent years, there has been the development by GPs and other clinical staff of what is commonly now known as Social Prescribing, whereby patients can be referred to non-clinical sources of support within the community. Whilst this work is of benefit there is a growing need to provide community-based medical practitioners with more potent tools to help combat systemic discrimination of the unwell within our society. Central to our work in this space was the establishment of a legal clinic providing free specialist employment law advice in health settings. Outcomes are demonstrating the benefits of early expert legal advice. As part of this work, we have established a partnership with the world renowned Maudsley Hospital.

West Country Access to Justice Project

This project has been running for nearly ten years now, and involves us providing remote legal advice to ‘advice deserts’. This often includes the provision of remote supervision to community advice workers in these locations.

Advice POrtal

In 2022, we secured substantial funding from the tnl Community Fund in order to provide access to our POrtal England-wide. Our experience at providing remote advice was at the heart of its development. The POrtal is principally aimed at supporting generalist advice agencies to undertake specialist legal casework. Users must register to access the POrtal. This allows us to target the POrtal where it is needed most.

3

The Legal Advice Centre (University House)

Trustees’ Annual Report

For the year ended 31 March 2024

Legal Expenses Insurance (LEI)

Since 2012, we have developed work around legal expenses insurance (LEI) in order to help fund tribunal and court work. Quite often our users do not know that they have such cover. We have for some years argued for a form of micro-LEI to be developed in order to provide coverage to the most vulnerable in society. The main idea is not to expect people of limited means to buy such insurance, but instead press upon key stakeholders, such as housing associations, to buy it on their behalf.

The SQE and the Apprenticeship Levy

The SQE pathway to becoming a solicitor can be packaged as an apprenticeship. This, together with the recent rule changes to the Apprenticeship Levy provide opportunities for commercial law firms to, in effect, donate a proportion of their Levy to fund apprenticeships in the free advice sector. Since September 2020, we have supported a number of solicitor apprentices both directly and remotely. This initiative is linked to our Advice POrtal, and both projects are part of our efforts to help address the skill shortages in our sector.

Consultancy

In recent years, we have provided consultancy support to a number of organisations including the SRA and the London Legal Support Trust.

4

The Legal Advice Centre (University House)

Trustees’ Annual Report

For the year ended 31 March 2024

FINANCIAL REVIEW

Results for year ended 31 March 2024 are given in the Statement of Financial Activities. The assets and liabilities are given in the Balance Sheet. The financial statements should be read in conjunction with the related notes. The trustees regard the financial position of the charity at 31 March 2024 to be satisfactory and they are content that the current unrestricted reserves position leaves it with a sound base from which future activity can be built.

In summary, total income amounted to £926,686 (2023: £775,260) and total expenditure amounted to £873,979 (2023: £677,201) resulting in net surplus of £52,707 (2023: £98,059). Full details of income and expenditure are set out in notes to the financial statements.

Reserve policy

The charity is currently dependent on donation income in order to maintain its core activities. Earned income alone would not allow it to continue operating. Following risk analysis, the trustees consider that there is a moderate risk of a need for reserves for the organisation as well as the potential of other operational risks, based on challenges in the wider policy context.

The trustees aim to maintain unrestricted reserves that will provide sufficient funds to cover 3 months’ support and governance costs. Unrestricted free reserves at the end of this period covers these running costs for the foreseeable future.

STATEMENT OF RESPONSIBILITIES OF THE TRUSTEES

The trustees (who are also directors of charitable company for the purposes of company law) are responsible for preparing the Trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period.

In preparing these financial statements, the trustees are required to:

5

The Legal Advice Centre (University House) Trustees, Annual Report For the year ended 31 March 2024 The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Irustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Members of the charity guarantee to Gontribute an amount not exGeeding £1 to the assets of the charity in the event ofwinding up. The total number of such guarantees at 31 March 2024 was £13 {2023: £13). The trustees are members of the charity but this enlitles them only to voting rights. The trustees have no beneficial interest in the charity. The financial statements have been prepared in accordance with the special provisions applicable to companies subject to the small companies. regime. The trustees, annual report has been approved by the trustees on 28 October 2024 and signed on their behalf by. Charles Bennett- Trustee

Independent Examiner’s Report to the Trustees of The Legal Advice Centre (University House)

For the year ended 31 March 2024

I report to the trustees on my examination of the accounts of The Legal Advice Centre (University House) for the year ended 31 March 2024.

RESPONSIBILITIES AND BASIS OF REPORT

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

INDEPENDENT EXAMINER’S STATEMENT

Since the Company’s gross income exceeded £250,000, I confirm that I am qualified to undertake the examination because I am a member of the ICAEW, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

……………………………….…

Aamer Shehzad FCA

Accountability Europe Ltd Omnibus Workspace 39-41 North Road London N7 9DP Date: 29/10/2024

7

The Legal Advice Centre (University House)

Statement of financial activities (incorporating an income and expenditure account)

For the year ended 31 March 2024

Unrestricted
Note
£
Income from:
2
191,433
3
63,562
254,995
Raising funds
5
45,463
5
156,825
202,288
15
52,707
Reconciliation of funds:
320,420
Total funds carried forward
373,127
Total funds brought forward
Net movement in funds
52,707
Total expenditure
Net income/ (expenditure)
for the year
Charitable activities
6
Total income
Expenditure on:
Other trading activities
Donations and grants		 Restricted
£
671,691
-
671,691
-
671,691
671,691
-
-
-
-		 2024
Total
Unrestricted
£
£
863,124
153,354
63,562
75,674
926,686
229,028
45,463
41,632
828,516
89,337
873,979
130,969
52,707
98,059
320,420
222,361
373,127
320,420
52,707
98,059		 2024
Total
Unrestricted
£
£
863,124
153,354
63,562
75,674
926,686
229,028
45,463
41,632
828,516
89,337
873,979
130,969
52,707
98,059
320,420
222,361
373,127
320,420
52,707
98,059		 Restricted
£
546,232
-		 2023
Total
£
699,586
75,674
229,028 546,232 775,260
41,632
89,337		 -
546,232		 41,632
635,569
130,969 546,232 677,201
98,059 - 98,059
98,059
222,361		 -
-		 98,059
222,361
320,420 - 320,420

All of the above results are derived from continuing activities.

8

The Legal Advice Centre (University House) Balance sheet Company no. 03324062 As at 31 March 2024 2024 2023 Note Fixed assets: Tangible assets 11 2,495 1,699 2,495 1.699 Current assets: Debtors Cash at bank and in hand 12 40,750 336,652 16,400 326,293 377,402 342,693 Liabilities: Creditors: amounts falling due within one year 13 (6,770) {23,9731 Net current assets 370,632 318,720 Total net assets 373,127 320,420 The funds of the charity: Restricted funds Unrestricted funds.. General funds 15 373,127 320,420 Total Charity funds 373,127 320.420 For the year ended 31 March 2024 the charitable company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirments of the Companies Act 2006 with respect to accounting records and preparation of accounts. The financial statements have been prepared in accordan￿ with the special provisions applicable to companies subject to Ihe small companies regime. Approved by the trustees on 28 October 2024 and signed on their behalf by.. Charles Bennett Trustee The attached notes form part of the financial statements.

The Legal Advice Centre (University House)

Statement of cash flows

For the year ended 31 March 2024

Note
Net cash provided by / (used in) operating activities
a
Cash flows from investing activities:
Purchase of fixed assets
Net cash provided by / (used in) investing activities
Change in cash and cash equivalents in the year
b
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
a)
Net income / (expenditure) for the year
(as per the statement of financial activities)
Depreciation
Increase in debtors
Increase/ (decrease) in creditors
Net cash provided by / (used in) operating activities
b) Analysis of cash and cash equivalents
Cash at bank and in hand
Total cash and cash equivalents
Reconciliation of net income / (expenditure) to
net cash flow from operating activities
Cash flows from operating activities		 £
(3,762)		 £
14,121
(3,762)
2024		 £
-		 £
73,750
-
2023
£
10,359
Cash
flows
10,359
326,293		 73,750
252,543
336,652 326,293
2024
£
52,707
2,966
(24,350)
(17,202)		 2023
£
98,059
5,125
(8,143)
(21,290)
14,121 73,750
£
326,293
At 1 April
2023		 £
336,652
At
31 March
2024
326,293 10,359 336,652

10

The Legal Advice Centre (University House)

Notes to the financial statements

For the year ended 31 March 2024

1 Accounting policies

Statutory information

The Legal Advice Centre (University House) is a charitable company limited by guarantee and is incorporated in England and Wales. The registered office address is 104 Roman Road, Bethnal Green, London, E2 0RN.

Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) - (Charities SORP FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

Public benefit entity

The charitable company meets the definition of a public benefit entity under FRS 102.

Going concern

The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.

Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met.

Donations of gifts, services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), volunteer time is not recognised so refer to the trustees’ annual report for more information about their contribution.

Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

11

The Legal Advice Centre (University House)

Notes to the financial statements

For the year ended 31 March 2024

1 Accounting policies (continued)

Fund accounting

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.

Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes.

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure on charitable activities includes the costs of providing legal advice and assistance undertaken to further the purposes of the charity and their associated support costs.

Tangible fixed assets

Items of equipment are capitalised where the purchase price exceeds £500. Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Fixtures and fittings Straight line over 3 years Computer equipment Straight line over 3 years

Allocation of support costs

Resources expended are allocated to the particular activity where the cost relates directly to that activity. However, the cost of overall direction and administration of each activity, comprising the salary and overhead costs of the central function, is apportioned on basis of staff time.

Operating leases

Rental charges are charged on a straight line basis over the term of the lease.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Cash balances exclude any funds held on behalf of service users.

Creditors and provisions

Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

12

The Legal Advice Centre (University House)

Notes to the financial statements

For the year ended 31 March 2024

Access to justice
Action for bow
Baker and Mckenzie
Big Lottery
Charles Russell Speechlys
City Bridge Trust
Clifford Chance LLP
Cambridge Global
Covington & Burling LLP
Dechert LLP
East End Citizens Advice Bureau
Gibson Dunn & Crutcher LLP		 Unrestricted
£
-
-
10,000
-
10,000
-
30,000
-
5,000
5,000
-
13,500		 £
-
43,000
-
142,000
-
-
-
-
-
-
88,903
-
Restricted		 2024
Total
£
-
43,000
10,000
142,000
10,000
-
30,000
-
5,000
5,000
88,903
13,500		 2023
Total
£
14,672
39,864
-
113,000
20,000
27,000
30,000
3,500
-
5,000
120,892
6,034
Legal Support - - - 54,833
Gowling WLG (UK) LLP
Latham & Watkins LLP
Legal Aid Agency
Legal Education Foundation
London Borough of Tower Hamlets
Proskauer Rose
London Legal Support Trust
OMM Office
Real DPO Ltd
Reed Smith LLP
Ropes & Gray LLP
NRF UK
Sherman and Sterling
Skadden, Arps, Slate, Meagher & Flom LLP
K&E LLP
Slaughter and May
South Hackney Parochial
OMM Office
Travers Smith LLP
Trust for London
WATSONF&WMS
Taylor Wessing LLP
White & Case LLP
3
Other donations and grants
Settlement agreement inocme
Income from other trading activities
Consultancy and other income
Training income		 5,000
10,000
-
-
5,000
1,597
-
-
11,834
3,834
5,000
3,834
10,000
8,500
25,000
-
3,500
3,834
-
5,000
5,000
10,000
1,000
191,433
Unrestricted
£
54,142
6,770
2,650
63,562		 -
-
79,767
12,264
-
-
222,800
-
19,435
-
-
-
-
-
-
-
13,000
-
-
50,522
-
-
-
-
671,691
£
-
-
-
-
Restricted		 5,000
10,000
79,767
12,264
-
5,000
224,397
-
19,435
11,834
3,834
5,000
3,834
10,000
8,500
25,000
13,000
3,500
3,834
50,522
5,000
5,000
10,000
1,000
863,124
2024
Total
£
54,142
6,770
2,650
63,562		 -
10,000
98,756
-
20,000
-
-
3,500
17,940
6,834
3,834
-
-
3,834
-
22,000
12,000
-
3,834
47,275
-
4,000
10,000
984
699,586
2023
Total
£
40,805
33,069
1,800
75,674

4 Local and Government and Housing Act 1989

The charity received financial assistance from the London Borough of Tower Hamlets. As required by Section 37 of the Local Government and Housing Act 1989 the following information is given.

Amount of £nil (2023: £20,000) was received for provision of legal advice services.

13

The Legal Advice Centre (University House)

Notes to the financial statements

For the year ended 31 March 2024

5 Analysis of expenditure

£
Staff costs (Note 7)
39,891
Partnership costs
-
Training & practicing certificate
-
Books and subscriptions
-
Project & event cost
-
Other general office costs
-
Premises costs
-
Accountancy
-
Independent examination
-
Office supplies & refreshments
-
Professional fees
-
Travel costs
-
Depreciation
39,891
Support costs allocation
5,572
Total expenditure 2024
45,463
Cost of
raising funds		 Charitable
activities
£
653,562
74,743
5,260
2,395
1,272
-
-
-
-
-
-
-
-
737,232
91,284
828,516		 Support
costs
£
-
-
-
-
-
10,086
65,473
7,971
900
3,252
3,881
2,327
2,966
96,856
(96,856)
-		 2024
Total
£
693,453
74,743
5,260
2,395
1,272
10,086
65,473
7,971
900
3,252
3,881
2,327
2,966
873,979
-
873,979		 2023
Total
£
571,041
23,470
9,386
1,982
1,058
9,308
29,675
7,194
900
1,720
15,668
674
5,125
677,201
-
677,201
Of the total expenditure, £202.288 was unrestricted (2023: £130,696) and £671,691 was restricted (2023:
£546,232).

Analysis of expenditure - prior year

Cost of Charitable Support
raising funds activities costs 2023
£ £ £
Staff costs (Note 7) 37,071 533,970 - 571,041
Partnership costs - 23,470 - 23,470
Training & practicing Certificate - 9,386 - 9,386
Books and subscriptions - 1,982 - 1,982
Project & Event cost - 1,058 - 1,058
Other general office costs - - 9,308 9,308
Premises costs - - 29,675 29,675
Accountancy - - 7,194 7,194
Independent examination - - 900 900
Office supplies & refreshments - - 1,720 1,720
Professional Fees - - 15,668 15,668
Travel costs - - 674 674
Depreciation - 5,125 5,125
37,071 569,866 70,264 677,201
Support costs allocation 4,561 65,703 (70,264) -
Total expenditure 2023 41,632 635,569 - 677,201

14

The Legal Advice Centre (University House)

Notes to the financial statements

For the year ended 31 March 2024

6 Net income/ (expenditure) for the year

This is stated after charging / crediting:

This is stated after charging / crediting:
2024
£		 2023
£
Independent examiner fee (excl VAT) 750 750
Depreciation 2,966 5,125
7
Analysis of staff costs, trustee remuneration and expenses,
and the cost of key management personnel

Staff costs were as follows:
7 Analysis of staff costs, trustee remuneration and expenses,
and the cost of key management personnel
Staff costs were as follows:
Salaries and wages
Social security costs
Employer’s contribution to defined contribution pension schemes
Redundancy costs		 2024
£
602,933
56,392
34,128
-		 2023
£
490,397
48,003
25,558
7,083
693,453 571,041

The following number of employees received employee benefits (excluding employer pension) during the year between:

2024 2023
No. No.
£60,000 - £69,999 2
 2

The total employee benefits including pension contributions and employer NI contribution of the key management personnel were £79,783 (2023: £74,142).

The charity trustees were not paid or received any other benefits from employment with the charity in the year (2023: £nil). No charity trustee received payment for professional or other services supplied to the charity (2023: £nil).

Staff numbers

The average number of employees (head count based on number of staff employed) during the year was as follows:

2024
No.		 2023
No.
Average staff 16 15

8 Related party transactions

There are no related party transactions to disclose for the year (2023: none).

9 Legal status of the charity

The charity is a company limited by guarantee and has no share capital.

15

The Legal Advice Centre (University House)

Notes to the financial statements

For the year ended 31 March 2024

10 Taxation

The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

11
Tangible fixed assets
Cost
At the start of the year
At the end of the year
Depreciation
At the start of the year
Charge for the year
At the end of the year
Net book value
At the end of the year
At the start of the year
Additions in year		 Fixtures
and fittings
£
3,687
641		 Computer
equipment
£
16,374
3,121		 Total
£
20,061
3,762
23,824
18,362
2,966
21,328
2,495
1,699
4,328 19,495
2,620
746		 15,742
2,220
3,366 17,962
962 1,533
1,067 632
12
Debtors
Prepayments
Accrued income
Debtors		 2024
£
-
10,750
30,000		 2023
£
8,900
7,500
-
16,400
40,750
13
Creditors: amounts falling due within one year
Trade creditors
Taxation and social security
Accruals
Deferred income		 2024
£
744
3,746
2,280
-		 2023
£
1,146
4,753
3,074
15,000
23,973
6,770

Deferred income comprises of grants received in advance for the next year.

16

The Legal Advice Centre (University House)

Notes to the financial statements

For the year ended 31 March 2024

14 Analysis of net assets between funds

Analysis of net assets between funds
Tangible fixed assets
Net current assets
Net assets at the end of the year
Analysis of net assets between funds (prior year)
Tangible fixed assets
Net current assets
Net assets at the end of the year
Movements in funds
At the start
of the year
Restricted funds
£
Big lottery
-
East End Citizens Advice Bureau
-
Legal Aid
-
DPO
-
Legal Support
-
Legal Education foundation
-
Action for Bow
-
TFL Central Fund
-
South HPC
-
Total restricted funds
-
Unrestricted funds:
General funds
320,420
Total funds
320,420
Movements in funds (prior year)
At the start
of the year
Restricted funds
£
Big Lottery
-
City Bridge
-
East End Citizens Advice Bureau
-
Legal Aid
DPO
Legal Support
Action for Bow
-
Access to Justice
TFL Central Fundation
-
South HPC
-
Total restricted funds
-
Unrestricted funds:
General funds
222,361
Total funds
222,361		 Income
£
142,000
88,903
79,767
19,435
222,800
12,264
43,000
50,522
13,000		 £
2,495
370,632
General
unrestricted		 Restricted
£
-
-		 Total
funds
£
2,495
370,632
373,127 - 373,127
1,699
318,720		 -
-		 1,699
318,720
320,420 - 320,420
Expenditure
£
(142,000)
(88,903)
(79,767)
(19,435)
(222,800)
(12,264)
(43,000)
(50,522)
(13,000)		 Transfers
£
-
-
-
-
-
-
-
-
-		 At the end
of the year
£
-
-
-
-
-
-
-
-
-
671,691 (671,691) - -
254,995 (202,288) - 373,127
926,686 (873,979) - 373,127
Income
£
113,000
27,000
120,892
98,756
17,940
54,833
39,864
14,672
47,275
12,000		 Expenditure
£
(113,000)
(27,000)
(120,892)
(98,756)
(17,940)
(54,833)
(39,864)
(14,672)
(47,275)
(12,000)		 Transfers
£
-
-
-
-
-
-
-
-
-
-		 At the end
of the year
£
-
-
-
-
-
-
-
-
-
-
546,232 (546,232) - -
229,028 (130,969) - 320,420
775,260 (677,201) - 320,420

15 Movements in funds

17