##
##
##
|Reference and Administrative|Reference and Administrative|Details||
|---|---|---|---|
|Chatnnan's
Report||||
|Trustees' Report|||3to 8|
|Independent
Auditor's|Report||9to 12|
|Statement ofFinancial|Activities||13|
|Balance Sheet|||14|
|Statement ofCash Flows||||
|Notes to the Financial|Statements||16to 30|
##
||||TaxAid UK||
|---|---|---|---|---|
||||Reference and Administrative|Details|
|Chairman|||Stephen Banyard||
|Trustees|||Francesca Lagerherg||
||||Kevin Nicholson||
||||Jonathan Peacock QC||
||||Paul Morton||
||||Emma Clarke||
||||Nicholas
Edwards||
||||Victoria Heard||
|Chief Executive Officer|||Valerie Boggs||
|Charity Registration||Number|1062852||
|Company|Registration|Number|03374001||
|Registered|Office||30Monck Sheet||
||||London||
||||SW IP 2AP||
|Auditor|||Thompson
Jenner LLP||
||||Statutory
Auditors||
||||1 Colleton Crescent||
||||Exeter||
||||Devon||
||||EX24DG||
|Bankers|||CAF Bank Limited||
||||Kings Hill||
||||West Mailing||
||||Kent||
||||ME194TA||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||||Total|
|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|2022|
|2022|||Note||||
|Income and Endowments||from:|||||
|Donations
and legacies||||204,224||204,224|
|Charitable
acdvities||||285,087|450,816|735,903|
|Total Income||||489,311|450,816|940,127|
|Expenditure
on:|||||||
|Charitable
activities||||(430,184)|(451,893)|(882,077)|
|Total Expenditure||||(430,184)|(451,893)|(882,077)|
|Net income/(expenditure)||||59,127|(1,077)|58,050|
|Net movement
in funds||||59,127|(1,077)|58,050|
|Reconciliation
offunds|||||||
|Total funds brought|forward|||221,591|2,686|224,277|
|Total funds carried|forward||17|280,718|1,609|282,327|
|||||||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|
##
##
||||||2022|2021|
|---|---|---|---|---|---|---|
|||||Note|f,|g|
|Fixed assets|||||||
|Tangible assets|||||1,757|2,419|
||||||1,757|2,419|
|Current assets|||||||
|Debtors||||12|139,956|172,767|
|Cash at bank|and in hand|||13|242,535|154,448|
||||||382,491|327,215|
|Creditors: Amounts||falling due within|one year|14|(101,9211|(105,357)|
|Net current|assets||||280,570|221,858|
|Net assets|||||282,327|224,277|
|Funds ofthe|charity:||||||
|Restricted|||||1,609|2,686|
|Unrestricted|income|funds|||||
|Unrestricted|||||280,718|221,591|
|Total funds||||17|282,327|224,277|
##
##
|Stateme|nt|ofCash Flows for the|Year Ended 3|1March 2022||
|---|---|---|---|---|---|
|||||2022|2021|
||||Note||g|
|Cash flows from operating
activities||||||
|Net cash income||||58,050|37,466|
|Adjustments
to cash flows from non-cash items||||||
|Depreciation||||1,784|2,776|
|||||59,834|40,242|
|Working capital adjustments||||||
|Decrease/(increase)
in debtors|||12|32,811|(83,703)|
|Decrease in creditors|||14|(3,436)|(43,473)|
|Net cash flows from operating||activities||89,209|(86,934)|
|Cash flows from investing|activities|||||
|Purchase oftangible fixed|assets|||(1,122)|(515)|
|Net increase/(decrease)
in|cash and cash equivalents|||88,087|(87,449)|
|Cash and cash equivalents|at|1 April||154,448|241,897|
|Cash and cash equivalents|at|31 March||242,535|154,448|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|involved
with e|ach activity.||
|---|---|---|
|Advice services||79%|
|Tax education||5%|
|Cost ofraising|funds|10%|
|Governance
costs||6%|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|3
Incom|e from donations
a|nd legacies||||
|---|---|---|---|---|---|
||||Unrestricted|||
||||funds|Restricted|Total|
||||General|funds|funds|
|||||8||
|Donations|and legacies;|||||
|Donations
from professional||firms and supporters|114,000||114,000|
|Other donations|||90,224||90,224|
|Total for|2022||204,224||204,224|
|Total for|2021||242,838|22,224|265,062|
|mmary ofdo|nations
fro|m professional
firms an|d supporters|||
|---|---|---|---|---|---|
|||||2022|2021|
|||||e||
|Deloitte||||30,000|30,000|
|E&Y||||20,000|20,000|
|KPMG||||20,000|20,000|
|PWC||||20,000|20,000|
|Fujitsu||||20,000|20,000|
|Tax Advisers|Charitable|Trust (The Worshipful|Company ofTax Advisers)|4,000|4,000|
|||||114,000|114,000|
|ople, whereby
amounts
|received|are split equall|y between
the two charities.|||
|---|---|---|---|---|---|
|||||2022|2021|
||||||f.|
|BDO LLP|||||12,647|
|Deloitte||||13,146|11,831|
|Freshiields||||9,986|9,920|
|Kathleen Beryl Sleigh Charitable||Trust||5,000|20,000|
|London Legal Support||||4,176||
|Slaughter
and May|||||4,950|
|Tax Advisers
Charitable|Trust (The Worshipful||Company ofTax Advisers)|4,000|4,000|
|Virtual CPD Events||||25,210||
##
##
##
|||||Unrestricted||||
|---|---|---|---|---|---|---|---|
|||||funds||||
||||||Restricted|Total|Total|
|||||General|funds|2022|2021|
|||||||f.||
|Advice services||||||||
|HM Revenue &Customs
Donations ofgifts, services and|||facilities|285,087|409,600|409,600
285,087|336,818
290,670|
|City Bridge
The National|Lottery Community||Fund||||7,250
35,670|
|Shanty Foundanon|||||||2,000|
|Manchester|University||||1,216|1,216||
|||||285,087|410,816|695,903|672,408|
|Tax education||||||||
|Chartered
Institute ofTaxatton
Association ofTaxation Technicians|||||30,000|30,000|20,000|
|(ATT)|||||10,000|10,000|10,000|
||||||40,000|40,000|30,000|
|Income from|charitable|activities|2022|285,087|450,816|735,903|702,408|
|Income from|charitable|activittes|2021|292,670|409,738|702,408||
||0|0||D
D
co
Vt|D
t
'0
D
Ct|QO
D
QQ
10|V1
t
CQ
at
rn|'CI
I
D|01
D|Vl||O1
Ch||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||cl||cat||||ca
o|Ca
at|Ch
cl|Ca
Ch
o|||||l|0||
|||||||||||||||||CQ||
||||||||||||||||OQ|||
||||||||||||||||QO|Oc||
||||||||||||||||||Cl|
||00||oc|cz
QO
QO
I||V1
QO
I I|QO|01
CI|I
D|l
IO|||D
ca||||M0
I0|
||Ca|||||||||||||||||
||C/I|||||||||||||||||
||al
0|c
WO|oc|D
ca|'|Vt
l
v1|l
t
ca|CQ
v1|D||||D
10|V1
D|||0|
|||||||||||||||Ica||||
||||||||||||||||||OI|
||||||||||||||||||OO|
||||||||||||||||||Vc|
|||0
al||VI
D|'|VI
O1|OO
Vl
Ch|Co
D|ct|||QO
OO|D
VI
D|VI
'C1
QQ|CI||'«I0|
|||||||||||||I||||||
||||||||||||||||ca|||
||'Cl||||||||||||||||O|
||||||||||||||||||Q|
||||||||||||||||||IJ|
||||||||||||||||||0|
||CI
0|V
00||Ca.
l|QQ
D|QQ|||||||||||0|
||||||VI|||||||||||||
||||||QQ|||||||||||||
||||||||||||||||||al|
||||||||||||||||||at|
||IO
O
V|0
cB||0
0
CI|'|QC
QQ|V\|Cr
CI||||0|CI
Cr
D|QO
D|||j
H|
|||cd|||||||||||||||Ca|
|||I|||||||||||||||cd|
|ca
~I|||||||||||||||||CI|
||||||||||||||||||0|
|ac
Cd|||||||0
CI
0|O
W|||||||||40|
|I||||||||0|||0||||||QO|
|Cl
0
IO
CC||||0
CO|.6|00
S
0
ad
M|cz'
Q
0
O|CV
O
al
Q
IQ
M|0
ca
00
0
o|0o
~0|00ct
0
at0||M
0
o
0
co|M0
0
P,
ct
0
G|D
3
CO
x
Vt
0
F|D
3
CQ
S
al
0|Ch
D
QO|
##
##
##
|Net incoming
re|sources for the year include:|||
|---|---|---|---|
|||2022|2021|
|Operating
leases
Audit fees
Depreciation of|—other assets
fixed assets|(30,000)
(6,000)
(1,784)|(30,000)
(6,120)
(2,776)|
##
##
|The aggregate
payr|oll costs were as follows:|||
|---|---|---|---|
|||2022|2021|
|Staff costs during|the year were:|||
|Wages and salaries||421,528|479,552|
|Social security costs||39,285|35,974|
|Pension costs||15,967|14,454|
|Other staff costs||6,718|380|
|||483,498|530,360|
|
the year expressed as full time equivalents
was as|
py
follows:|y|carty
d|ring|
|---|---|---|---|---|
||2022||2021||
||No||No||
|Raising funds||0.6||0.9|
|Advice services||4.5||6.0|
|Tax education||0||0/4|
|Support||4.9||3.3|
|Governance||0.3||0.4|
|||10.3||11.0|
##
##
##
##
##
|11 Tangible fixed assets|||||
|---|---|---|---|---|
||Furniture|and|Computer||
||equipment||equipment|Total|
|Cost|||||
|At
1 April 2021||648|22,301|22,949|
|Additions|||1,122|1,122|
|At 31March 2022||648|23,423|24,071|
|Depreciation|||||
|At 1 April 2021||405|20,125|20,530|
|Charge for the year||108|1,676|1,784|
|At 31March 2022||513|21,801|22,314|
|Net book value|||||
|At 31March 2022||135|1,622|1,757|
|At 31March 2021||243|2,176|2,419|
##
##
##
|12 Debtors||||||
|---|---|---|---|---|---|
|||||2022|2021|
|||||f.||
|Trade debtors||||70,621|70,000|
|Prepayments
Other debtors|and accrued income|||53,782
15,553|35,095
67,672|
|||||139,956|172,767|
|13 Cash and|cash equivalents|||||
|||||2022|2021|
|Cash on hand||||333|333|
|Cash at bank||||242,202|154,115|
|||||242,535|154,448|
|14 Creditors:|amounts|falling due within|one year|||
|||||2022|2021|
|Trade creditors||||35,531|11,325|
|Other taxation|and social secunty|||17,803|9,961|
|Other creditors||||21,347|34,468|
|Accruals and|deferred income|||27,240|49,603|
|||||101,921|105,357|
|||||2022|2021|
|Deferred income at 1 April 2021||||15,250|36,250|
|Resources deferred in the period|||||7,500|
|Amounts
released trom previous periods|||||(28,500i|
|Deferred income at year||end||15,250|15,250|
##
##
##
##
##
|17 Funds||||||||
|---|---|---|---|---|---|---|---|
||||Balance at I||Incoming|Resources|Balance at 31|
||||April|2021|resources|expended|March 2022|
|Unrestricted
funds||||||||
|General||||||||
|General|||220,249||488,189|(429,477)|278,961|
|Designated||||||||
|Capital depreciation||||1,342|1,122|(707)|1,757|
|Total unrestricted||funds|221,591||489,311|(430,184)|280,718|
|Restricted funds||||||||
|Governance||||1,071|||1,071|
|Advice services||||1,615|410,816|(411,893)|538|
|Tax education|||||40,000|(40,000)||
|Total restricted|funds|||2,686|450,816|(451,893)|1,609|
|Total funds|||224,277||940,127|(882,077)|282,327|
||||Balance atI||Incoming|Resources|Balance at31|
||||April|2020|resources|expended|March 2021|
|Unrestricted
funds||||||||
|General||||||||
|General|||176,522||534,993|(491,266)|220,249|
|Designated||||||||
|Capital depreciation||||1,449|515|(622)|1,342|
|Total unrestricted||funds|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|funds|||8,840|431,962|(438,116)|2,686|
|Total funds|||186,811||967,470|(930,004)|224,277|
##
##
##
##
##
|18 Analysis ofnet assets between|funds||||
|---|---|---|---|---|
|||||Total funds at|
||Unrestricted|funds|Restricted|31March|
||General|Designated|funds|2022|
||g|||g|
|Tangible fixed assets||1,757||1,757|
|Net Current assets|278,961||1,609|280,570|
|Total net assets|278,961|1,757|1,609|282,327|
|||||Total funds at|
||Unrestricted|funds|Restricted|31March|
||General|Designated|funds|2021|
|||f.|||
|Tangible fixed assets||1,342|1,077|2,419|
|Net Current assets|220,249||1,609|221,858|
|Total net assets|220,249|1,342|2,686|224,277|
|19 Analysis ofnet funds|||||
|||At 1Aprfl|Financing
cash|At 31March|
|||2021|flows|2022|
|Cash at bank and in hand||154,448|88,087|242,535|
|Net debt||154,448|88,087|242,535|
|||At 1Apriil|Financing
cash|At 31March|
|||2020|flows|2021|
||||f,||
|Cash at bank and in hand||241,897|(87,449)|154,448|
|Net debt||241,897|i87,449)|154,448|
##
##
##
##