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|||||Contents||
|---|---|---|---|---|---|
|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|Details|
|---|---|---|---|---|
|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||
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|||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|
##
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|||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|
##
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|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|
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|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%|
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||||||||||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|
##
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|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||
##
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|5
Expenditure
on charitab|le
activiti|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||
##
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|||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|
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|2021|.|2020|
|---|---|---|
|6,120||5,220|
##
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|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|
##
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|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|
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|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|
##
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|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|
##
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|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|
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