2023-03-31-accounts - Taxaid UK

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Reference and Administrative	Reference and Administrative
Chair's Report
Trustees' Report		3to 8
Independent Auditor's	Report	9to 12
Statement ofFinancial	Activities	13
Balance Sheet		14
Statement ofCash Flows		15
Notes to the Financial	Statements	16to 30

			Reference and Administrative
Chair			Kevin Nicholson
Trustees			Stephen Banyard
			Francesca Lagerberg
			Kevin Nicholson
			Jonathan Peacock KC
			Paul Morton
			Emma Clarke
			Nicholas Edwards
			Victoria Heard
			Matthew Ellis
Chief Executive Officer			Valerie Boggs
Charity Registration		Number	1062852
Company	Registration	Number	03374001
Registered	Office		30Monck Street
			London
			SW1P 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	2023
2023			Note
Income and Endowments		from:
Donations and legacies				289,761		289,761
Charitable activities				382,937	454,578	837,515
Investment income				295		295
Total Income				672,993	454,578	1,127,571
Expenditure on:
Charitable activities				(622,489)	(442,928)	(1,065,417)
Total Expenditure				(622,489)	(442,928)	(1,065,417)
Net income				50,504	11,650	62,154
Net movement in funds				50,504	11,650	62,154
Reconciliation offunds
Total funds brought	forward			280,718	1,609	282,327
Total funds carried	forward		18	331,222	13,259	344,481
						Total
				Unrestricted	Restricted	2022
2022			Note
Income and Endowments		from:
Donations and legacies				204,224		204,224
Charitable activities				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		18	280,718	1,609	282,327

		Balance Sheet as at	31March 2023
				2023	2022
			Note
Fixed assets
Tangible assets			12	1,581	1,757
				1,581	1,757
Current assets
Debtors			13	221,575	139,956
Cash at bank	and in hand		14	250,251	242,535
				471,826	382,491
Creditors: Amounts		falling due within one year	15	(128,926)	(101,921)
Net current	assets			342,900	280,570
Net assets				344,481	282,327
Funds ofthe	charity:
Restricted				13,259	1,609
Unrestricted	income	funds
Unrestricted				331,222	280,718
Total funds			18	344,481	282,327

Statement		ofCash Flows for the	Year Ended 3	1March 2023
				2023	2022
			Note
Cash flows from operating	activities
Net cash income				62,154	58,050
Adjustments to cash flows from non-cash items
Depreciation				1,080	1,784
Investment income				(295)
				62,939	59,834
Working capital adjustments
(Increase)/decrease in debtors			13	(81,619)	32,811
Increase/(decrease) in creditors			15	27,004	(3,436)
Net cash flows from operating		activities		8,324	89,209
Cash flows from investing activities
Interest receivable and similar		income	5	295
Purchase oftangible fixed assets			12	(904)	(1,122)
Sale oftangible fixed assets				1
Net cash flows from investing		activities		(608)	(1,122)
Net increase in cash and cash	equivalents			7,716	88,087
Cash and cash equivalents at	1	April		242,535	154,448
Cash and cash equivalents at	31March			250,251	242,535

Advice services		77%
Tax education		7%
Cost ofraising	funds	9%
Governance costs		7%

									Unrestricted
									funds	Total
									General	funds
Donations	and		legacies;
Donations		from professional				firms and	supporters		174,000	174,000
Other donations									115,761	115,761
Total for	2023								289,761	289,761
Total for	2022								204,224	204,224
Summary	of	donations		from professional			firms and supporters
									2023	2022
									K
Deloitte									30,000	30,000
EY									20,000	20,000
KPMG									40,000	20,000
PWC									60,000	20,000
Fujitsu									20,000	20,000
Tax Advisers			Charitable		Trust (The Worshipful			Company ofTax Advisers)	4,000	4,000
									174,000	114,000

ople, whereby amounts	received	are split equall	y between the two charities.
				2023	2022
Deloitte				14,352	13,146
Freshfields					9,986
Kathleen Beryl Sleigh Charitable		Trust		5,000	5,000
London Legal Support				3,537	4,176
Norton Rose				5,000
Tax Advisers Charitable	Trust (The Worshipful		Company ofTax Advisers)	4,000	4,000
Virtual CPD Events				18,882	25,210

4 Income	from c	harita	ble activities
				Unrestricted
				funds
					Restricted	Total	Total
				General	funds	2023	2022
Advice services
HM Revenue &Customs					411,183	411,183	409,600
Donations	ofgifts,	services and facilities		382,937		382,937	285,087
University	ofEdinburgh				1,745	1,745
Manchester	University						1,216
				382,937	412,928	795,865	695,903
Tax education
Chartered	Institute	ofTaxation			30,000	30,000	30,000
Association ofTaxation			Technicians
(ATT)					11,650	11,650	10,000
					41,650	41,650	40,000
Income from charitable			activities 2023	382,937	454,578	837,515	735,903
Income from charitable			activities 2022	285,087	450,816	735,903
5 Investment income
					Unrestricted
					funds	Total	Total
					General	2023	2022
Interest receivable		and similar income;
Interest	receivable on		bank deposits		295	295

0I C OO O I CI OO C	0 OI CD X 'a CD 0. CD CI	0 jD CD X '0 CD 0. CD O M 4J	Q ( g o CDo0	(/I C O 0		CD DDo OD 0o0 H OI oC	0 CD 0 M M	c 0 CD 2 OI2: o C jD jD o Cjl OD 0 0 OI 1 CD g)	c 0 CD 2 OI2: o C jD jD o Cjl OD 0 0 OI 1 CD g)	j5 CD s5 C CD	CD jg CD o 0 III	Q In	CJD o0			IIC'0 CD 0 C CD0 o
0									0	o0						DO0 CD
									OD
CD																o
0
CD																CD
CD
'0
CD
0 2 CD		O							PI				4J 4J	I I	0
								QO	OO N	O		I		0 M	CD
jD
0
0				O							hJ	4J QO
CD										OO	OO		QO
0			O	OO	Cl					O	CI			CD OI	O
o
CD0-														p]0
P	O	LAO												o
	OO	O	QO	O O										O
O
C
															0
OO
			OO										hJ
Cl			OO	O		QO							C	OI
I
														M
														'Cj
QO														0
											M
0							O O	OO W	O	4J				o0
o
CD0
C														hk
0	QO OO				O0I							OO	PI	4l
	W											M
	O				C						O		OO
								O			O		OO	DD
		OO			QO							M	C	O hk
		QO			QO				4J			OO	OO 4J
		O			O		QO					O
												OO
				I							4o.		OO

7 Net incoming/outgoing	7 Net incoming/outgoing	resources
Net incoming	resources for	the year include:
			2023	2022
Operating leases - other assets			(36,923)	(30,000)
Audit fees			(6,000)	(6,000)
Depreciation	offixed assets		(1,080)	(1,784)

9 Staffcosts The aggregate payroll costs were as follows:
	2023	2022
Staffcosts during the year were:
Wages and salaries	477,087	421,528
Social security costs	43,213	39,285
Pension costs	15,815	15,967
Other staff costs	26,743	6,718
	562,858	483,498

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
	2023		2022
	No		No
Raising funds		0.6		0.6
Advice services		4.7		4.5
Tax education		0.4		0
Support		4.1		4.9
Governance		0.4		0.3
		10.3		10.3

			2023	2022
Audit ofthe financial	statements		6,000	6,000
11 Taxation
The charity is a registered		charity and is therefore exempt from taxation.

12 Tangible fixed assets
	Furniture	and	Computer
	equipment		equipment	Total
Cost
At 1 April 2022		648	23,423	24,071
Additions			904	904
Disposals			(20,785)	(20,785)
At 31March 2023		648	3,542	4,190
Depreciation
At 1 April 2022		513	21,801	22,314
Charge for the year		108	972	1,080
Eliminated on disposals			(20,785)	(20,785)
At 31March 2023		621	1,988	2,609
Net book value
At 31 March 2023		27	1,554	1,581
At 31 March 2022		135	1,622	1,757

13 Debtors
					2023	2022
Trade debtors					150,621	70,621
Prepayments and accrued income					53,659	53,782
Other debtors					17,295	15,553
					221,575	139,956
14 Cash and cash		equivalents
					2023	2022
Cash on hand					333	333
Cash at bank					249,918	242,202
					250,251	242,535
15 Creditors:	amounts falling due within one year
					2023	2022
Trade creditors					1,057	35,531
Other taxation	and	social security			20,991	17,803
Other creditors					78,470	21,347
Accruals and deferred			income		28,408	27,240
					128,926	101,921
					2023	2022
Deferred income at 1			April 2022		15,250	15,250
Resources deferred		in	the period
Amounts released from previous				periods	(7,750)
Deferred income at year end					7,500	15,250

			2023
Land and buildings
Within one year			9,000
17 Pension and other	schemes
Defined contribution	pension	scheme

18 Funds
			Balance at 1	Incoming	Resources	Balance at31
			April 2022	resources	expended	March 2023
Unrestricted funds
General
General			278,961	672,089	(621,409)	329,641
Designated
Capital depreciation			1,757	904	(1,080)	1,581
Total unrestricted		funds	280,718	672,993	(622,489)	331,222
Restricted funds
Governance			1,071			1,071
Advice services			538	412,928	(412,928)	538
Tax education				41,650	(30,000)	11,650
Total restricted	funds		1,609	454 578	(442 928)	13,259
Total funds			282,327	1,127,571	(1,065,417)	344,481
			Balance at 1	Incoming	Resources	Balance at31
			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
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

19 Analysis	ofnet assets between	funds
						Total funds at
		Unrestricted	funds		Restricted	31March
		General	Designated		funds	2023
Tangible fixed assets				1,581		1,581
Net Current	assets	329,641			13,259	342,900
Total net assets		329,641		1,581	13,259	344,481
						Total funds at
		Unrestricted	funds		Restricted	31March
		General	Designated		funds	2022
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
20 Analysis	ofnet funds
			At 1	April	Financing cash	At 31March
			2022		flows	2023
Cash at bank	and in hand			242,535	7,716	250,251
Net debt				242,535	7,716	250,251
			At 1April		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