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|Reference and Administrative|Reference and Administrative|Details||
|---|---|---|---|
|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|Details|
|---|---|---|---|---|
|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||
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|||||||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|
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|Advice services||77%|
|---|---|---|
|Tax education||7%|
|Cost ofraising|funds|9%|
|Governance
costs||7%|
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||||||||||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|
##
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|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||
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##
##
|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|2022|
|---|---|---|---|---|
|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|
##
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##
##
|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|
##
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