2021-03-31-accounts - Taxaid UK

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Reference	and Administrative		Details
Chairman's	Report
Trustees'	Report			3 to 8
Statement	of Trustees'	Responsibilities
Independent Auditor's		Report		10to 13
Statement	ofFinancial	Activities		14
Balance Sheet				15
Statement	ofCash Flows			16
Notes to the Financial		Statements		17to 31

		Reference and Administrative	Reference and Administrative
Chairman			Stephen Banyard
Trustees			Francesca Lagerberg
			Kevin Nicholson
			Jonathan Peacock QC
			Kevin Thomas, Treasurer
			Melissa Geiger
			Paul Morton
Chief Executive Officer			Valerie Boggs
Registered	Office		Unit 2
			33 Stannary Street
			London
			SE114AA
Company	Registration	Number	03374001
Charity Registration		Number	1062852
Bankers			CAF Bank Limited
			Kings Hill
			West Mailing
			Kent
			ME194TA
Auditor			Thompson Jenner LLP
			Statutory Auditors
			1,Colleton Crescent
			Exeter
			Devon
			EX24DG

		and Los	ses)
					Total
			Unrestricted	Restricted	2021
2021		Note
Income and Endowments	from:
Donations and legacies			242,838	22,224	265,062
Charitable activities			292,670	409,738	702,408
Total Income			535,508	431,962	967,470
Expenditure on: Charitable activities			(491,888)	(438,116)	(930,004)
Total Expenditure			(491,888)	438,116	(930,004
Net income/(expenditure)			43,620	(6,154)	37,466
Net movement in funds			43,620	(6,154)	37,466
Reconciliation offunds
Total funds brought forward			177,971	8,840	186,811
Total funds carried forward		17	221,591	2,686	224,277
					Total
			Unrestricted	Restricted	2020
2020		Note
Income and Endowments	from:
Donations and legacies			236,862		236,862
Charitable activities			326,225	400,716	726,941
Total Income			563,087	400,716	963,803
Expenditure on: Charitable activities			(554,480)	(424,956)	(979,436)
Total Expenditure			(554,480)	(424,956)	(979,436)
Net income/(expenditure)			8,607	(24,240)	(15,633)
Net movement in funds			8,607	(24,240)	(15,633)
Reconciliation offunds
Total funds brought forward			169,364	33,080	202,444
Total funds carried forward		17	177,971	8,840	186,811

		Balance Sheet as at	31 March 2021
				2021	2020
			Note
Fixed assets
Tangible assets				2,419	4,680
				2,419	4,680
Current assets
Debtors			12	172,767	89,064
Cash at bank and in hand			13	154,448	241,897
				327,215	330,961
Creditors: Amounts		falling due within one year	14	(105,357)	(148,830)
Net current assets				221,858	182,131
Net assets				224,277	186,811
Funds ofthe charity:
Restricted				2,686	8,840
Unrestricted	income	funds
Unrestricted				221,591	177,971
Total funds			17	224,277	186,811

Statement ofCash Flows for the	Year Ended 3	1March 2021
		2021	2020
	Note
Cash flows from operating activities
Net cash income/(expenditure)		37,466	(15,633)
Adjustments to cash flows from non-cash items
Depreciation		2,776	2,588
		40,242	(13,045)
Working capital adjustments
Increase in debtors	12	(83,703)	(63,114)
(Decrease)/increase in creditors	14	(43,473)	69,570
Net cash flows from operating activities		(86,934)	(6,589)
Cash flows from investing activities
Purchase oftangible fixed assets		(515)	(1,001)
Net decrease in cash and cash equivalents		(87,449)	(7,590)
Cash and cash equivalents at 1 April		241,897	249,487
Cash and cash equivalents at 31March		154,448	241,897

donors, activity costs are apportioned between fundra involved with each activity.	ising and charitable activities on the
Advice services	79%
Tax education	5%
Cost ofraising funds	11%
Governance costs	5%

									Unrestricted	Unrestricted
										funds	Restricted	Total
										General	funds	funds
Donations	and legacies;
Donations		&om		professional			firms and	supporters		114,000		114,000
Other donations										128,838		128,838
Grants, including				capital grants;
Government			grants								22,224	22,224
Total for	2021									242,838	22,224	265,062
Total for	2020									236,862		236,862
Summary	of	donations			f'rom professional			firms and	supporters
											2021	2020
Deloitte											30,000	30,000
E&Y											20,000	20,000
KPMG											20,000	20,000
PWC											20,000	20,000
Fujitsu											20,000
Tax Advisers			Charitable			Trust (The Worshipful			Company	ofTax Advisers)	4,000	4,000
Other												1,953
											114,000	95,953

ople, whereby amounts	received	are split equally	between the two charities.
				2021	2020
A &0Foundation					10,000
BDO LLP				12,647	18,363
Deloitte				11,831	17,279
Freshfields				9,920	10,000
Kathleen Beryl Sleigh Charitable		Trust		20,000	20,000
London Legal Support					6,025
Pump Court Tax Chambers					7,500
Pure Recruitment Ltd					5,000
Slaughter and May				4,950	10,000
Smith and Williamson					10,000
Tax Advisers Charitable	Trust (The Worshipful		Company of Tax Advisers)	4,000	4,000

4 Income from charita	ble activ	ities
			Unrestricted
			funds
				Restricted	Total	Total
			General	funds	2021	2020
Advice services
HM Revenue & Customs				336,818	336,818	334,160
Donations ofgifts, services and facilities			290,670		290,670	315,225
City Bridge				7,250	7,250	29,000
Civil Service Insurance	Society					10,000
The National Lottery Community		Fund		35,670	35,670
Shanly Foundation			2,000		2,000
Sir James Knott Trust						4,000
University ofCentral Lancashire						1,628
Lancaster University						1,628
CB&HH Taylor 1984Trust						1,000
			292,670	379,738	672,408	696,641
Tax education
Chartered Institute ofTaxation				20,000	20,000	20,000
Association ofTaxation	Technicians
(ATT)				10,000	10,000	10,000
CAB West Lothian						300
				30,000	30,000	30,300
Income from charitable	activities	2021	292,670	409,738	702,408	726,941
Income from charitable	activities	2020	326,225	400,716	726,941

5 Expenditure on charitab	es
	Cost of raising funds	Advice services	Education	Governance costs	Support costs	2021 Total	2020 Total
Staff costs Gifts in kind Premises and other costs Helpline advisers Website, ICT and equipment costs Legal, insurance and professional Communication and travel Other costs	42,429 4,945 2,662 860 162 470	291,698 290,670 33,995 18,301 5,908 1,107	21,214 2,472 1,331 430 80	21,214 2,472 1,331 430 80	153,805 17,924 9,650 3,116 583 665	530,360 290,670 61,808 33,275 10,744 2,012 1,135	537,098 315,225 72,781 4,477 32,241 9,564 5,069 2,895 86
Research and consultancy
	51,528	641,679	25,527	25,527	185,743	930,004	979,436
Support costs	20,432	146,737	9,287	9,287	(185,743)
Governance costs	4,178	28,895	1,741	(34,814)
Total expenditure 2021	76,138	817,311	36,555			930,004	979,436
Total expenditure 2020	38,190	906,663	34,583			979,436

		2021	2020
Operating	leases - other assets	(30,000)	(30,000)
Audit fees Depreciation of fixed assets		(6,120) 2,776)	(5,220) 2,588)

The aggregate payr	oll costs were as follows:
		2021	2020
Staff costs during	the year were:
Wages and salaries Social security costs		479,552 35,974	480,233 32,854
Pension costs		14,454	13,410
Other staf'f costs		380	10,601
		530360 7	537,098

The monthly average number ofpersons (includi the year expressed as full time equivalents was as	ng senior management team) employed follows:	by the	charity du	ring
	2021		2020
	No		No
Raising funds Advice services		0.9 6.0		1.0 6.5
Tax education Support . Governance		0.4 3.3 0.4		0.1 3.1 0.2
		11.0		10.9

2021	.	2020
6,120		5,220

11Tangible fixed assets
	Furniture	and	Computer
	equipment		equipment	Total
Cost
At 1 April 2020		648	21,786	22,434
Additions			515	515
At 31March 2021		648	22,301	22,949
Depreciation
At 1 April 2020		297	17,457	17,754
Charge for the year		108	2,668	2,776
At 31March 2021		405	20,125	20,530
Net book value
At 31March 2021		243	2,176	2,419
At 31March 2020		351	4,329	4,680

12 Debtors
		2021	2020
Trade debtors		70,000	20,000
Prepayments and accrued income Other debtors		35,095 67,672	61,564 7,500
		172,767	89,064
13 Cash and cash equivalents
		2021	2020
Cash on hand		333	333
Cash at bank		154,115	241,564
		154,448	241,897
14 Creditors: amounts falling due within one year
		2021	2020
Trade creditors		11,325	19,686
Other taxation and social security		9,961	9,508
Other creditors		34,468	77,850
Accruals and deferred income		49,603	41,786
		105,357	148,830
		2021	2020
Deferred income at 1 April 2020		36,250
Resources deferred in the period		7,500	36,250
Amounts released fiom previous	periods	(28,500)
Deferred income at year end		15,250	36,250

Total future minimum lease payments under non-cancell	able operating leases are as follows:
	2021	2020
Land and buildings
Within one year Between one and five years	30,000	30,000 30,000
	30,000	60,000

17 Funds
	Balance at 1	Incoming	Resources	Balance at31
	April 2020	resources	expended	March 2021
2021
Unrestricted
General
General	176,522	534,993	(491,266)	220,249
Designated Capital depreciation	1,449	515	(622)	1,342
Total Unrestricted	177,971	535,508	(491,888)	221,591
Restricted
Governance	1,071			1,071
Advice services	7,769	401,962	(408,116)	1,615
Tax education		30,000	(30,000)
Total restricted	8,840	431,962	(438,116)	2,686
Total funds	186,811	967,470	(930,004)	224,277
	Balance at 1	Incoming	Resources	Balance at 31
	April 2019	resources	expended	March 2020
2020
Unrestricted
General
General	168,482	562,086	(554,046)	176,522
Designated Capital depreciation	882	1,001	(434)	1,449
Total unrestricted	169,364	563,087	(554,480)	177,971
Restricted
Governance	1,157		(86)	1,071
Advice services	5,923	370,416	(368,570)	7,769
Tax education	26,000	30,300	(56,300)
Total restricted	33,080	400,716	(424,956)	8,840
Total funds	202,444	963,803	979,436)	186,811

18 Analysis	of net assets between	funds
						Total funds at
		Unrestricted	funds		Restricted	31March
		General	Designated		funds	2021
Tangible fixed assets Net Current assets		220,249		1,342	1,077 1,609	2,419 221,858
Total net assets		220,249		1,342	2,686	224,277
						Total funds at
		Unrestricted	funds		Restricted	31March
		General	Designated		funds	2020
Tangible fixed assets Net Current assets		176,522		1,449	3,231 5,609	4,680 182,131
Total net assets		176,522		1,449	8,840	186,811
19 Analysis	ofnet funds
			At	1April		At 31March
			2020		Cash-flows	2021
Cash atbank and in hand				241,897	(87,449)	154,448
Net debt				241,897	(87,449)	154,448
			At	1April		At 31March
				2019	Cash-flows	2020
Cash at bank and in hand				249,487	(7,590)	241,897
Net debt				249,487	7,590)	241,897