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2022-03-31-accounts

Reference and administrative
details
Report ofthe Trustee Board
Independent
auditor's
report
Statement offinancial
activities
Balance sheet 15
Statement ofcash flows 16
Notes to the financial statements 17
Previous
reporting
period information		 29

The following
served a		 s company
directors		 and charity trustees during the year
Appointed Resigned
Thomas
Quinn		 Chair 14.03.2016
Robert Craig Treasurer 09.07.2018
Marine Andre 17.05.2021
Daniel Barrett 28.03.2022
Rachel Dabiri 08.11.2021
Craig Marsden 17.05.2021
Oliver Steeple 14.09.2020
Edward
Walker		 28.03.2022
Catherine
Webster		 14.09.2020
Maria Parpou 19.03.2014 08.11.2021
Cindi Van Graan 14.01.2008 08.11.2021

2022 2021
Unrestricted Restricted Total Total
Funds Funds Funds Funds
6 6 F
Notes
Income from
Charitable
activities
Bureaux services 4,000 405,836 409,836 513,888
Debt advice services 62,711 107,000 169,711 173,640
Seafarers advice &information line 401,363 401,363 321,560
Service development 8,182
Other 11,334
Total income 66,711 914,199 980,910 1,028,604
Expenditure
on
Charitable
activities
Bureaux services 5,852 393,016 398,868 486,941
Debt advice services 53,473 124,954 1?8,427 147,193
Seafarers advice &information line 6,489 427,168 433,657 432,730
Total expenditure 4 65,814 945,138 1,010,952 1,066,864
Net (expenditure)/income for the year
before transfers 897 (30,939) (30,042) (38,260)
Transfer Between Funds 14 ~24,174 24,174
Net (expenditure)/income before other
recognised
gains/(losses)		 (23,277) (6,765) (30,042) (38,260)
Actuarial
gains
/ (losses) on		 defined
benefit pension schemes 50,400
Net movements
in		 funds (23,277) (6,765) (30,042) (88,660)
Reconciliation
offunds
Total funds brought forward 163,066 105,360 268,426 357,086
Total funds carried forward 139,789 98,595 238,384 268,426
2022 2021
6 F
Notes
Fixed assets
Tangible assets
Current assets
Debtors 10 83,278 63,876
Cash at bank and in hand 16 371,261 390,410
454,539 454,288
Liabilities
0 dtt:		 t 1 10 00 * ttdt 1 11 ~04,455 41,862
Net current assets 373,384 412,426
Net assets excluding pension liability 373,384 412,426
Defined benefit pension scheme liability 135,000 144,000
Total net assets 238,384 268,426
The funds ofthe charity 14
Restricted funds 98,595 105,360
Unrestricted
funds:
Designated
funds		 25,000 25,000
General
funds		 249,789 282,066
Pension deficit fund ~435,000) ~444,tl00
Total unrestricted funds 139,789 163,066
Total funds 238,384 268,426

Note 2022 2021
F
Net cash
activities		 provided
by I (used in) operating		 15 ~19,149 ~106,323
Change in cash and cash equivalents in the year (19,149) (106,323)
Cash and cash equivalents at the beginning ofthe year 390,410 496,733
Cash and cash equivalents at the end ofthe year 16 371,261 390410

2
Income from charitable activit		 ie s
2022 2021
Unrestricted Restricted Total Total
8 & 5
Bureaux services
Bureaux staff &running
costs (RBGreenwich)		 200,000 200,000 200,000
Help to Claim (CitA) 205,836 205,836 283,875
Outreach
work (Clockhouse)		 4,000 - 4,000 5,000
Covid-1 9support
(Big Lottery)		 25,013
Total bureau services 2022 4,000 405,836 409,836 513,888
Total bureau services 2021 5,000 508,888
Debt advice services
Greenwich
money advice service		 (RBGreenwich) 40,000 40,000 40,000
Outreach
money advice service		 (RBGreenwich) 83,000 63,000 63,000
Outreach
money advice service		 (Peabody) 4,000 4,000 4,000
Debt advice service (University of Greenwich) 48,525 48,525 48,525
Fees 14,186 14,186 18,115
Total debt advice services 2022 62,711 107,000 169,711 173,640
Total debt advice services 2021 86,640 107,000
Seafarers' advice &information line
Seafarers Hospital Society 148,795 148,795 135,520
Greenwich
Hospital		 134,985 134,985 40,683
The Seafarers'
Charity		 117,583 117,583 145,357
Total seafarers' advice &information line 2022 401,363 401,363 321,560
Total seafarers'
advice & information		 line 2021 321,560
Service development
Equipment
grant (CitA)		 8,182
Total service development
2022		 8,182
Total service development
2021		 8,182
Total income from charitable activities 2022 66,711 914,199 980,910 1,017,270
Total income from charitable
activities		 2021 79,822 937,448

2022 2021
Unrestricted Restricted Total Total
2 2 F
Additonal Restrictions Grant supporting
Greenwich businesses through Covid-19 (RB 11,334
Total other income 2022 11,334
Total other income 2021 11,334
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2022 2021
E E
Depreciation 1,680
Operating
lease		 rentals:
Equipment 720 1,200
Auditor's
remuneration		 (excluding VAT)
Audit fees 3,167 3,083
Under accrual in prior year 25
2022 2021
E E
Salaries and wages 773,749 814,332
Social security costs 61,040 61,414
Employer's contribution to defined contribution pension schemes 16,529 16,853
851,318 892,599

The average
number
of employees
27.6(2021:28.3).		 (head count based on number of staff employed)
during
the		 year was
The average number ofemployees (full time equivalent) during the year was as follows:
2022 2021
No No
Bureaux services 9.1 12.3
Money advice services 4.5 3.2
Seafarers' Advice and Information Line 10.1 10.5
Support and governance 0.2 0.2
23.9 26.2

Tangible fixed assets
Computer
&
office Fixtures &
equipment
f		 fittings
f		 Totalf
Cost
At 1 April 2021 10,407 2,678 13,085
Additions
in year
At 31 March 2022 10,407 2,678 13,085
Depreciation
At 1 April 2021 10,407 2,678 13,085
Charge for year
At 31 March 2022 10,407 2,678 13,085
Net book value
At 31 March 2022
At 31 March 2021

Debtors
2022f 2021
F
Trade debtors 72,953 50,906
Other debtors 5,247 6,940
Prepayments 5,078 6,032
83,278 63,878
Creditors:
amounts		 falling due within one year
2022f 2021
F
Trade creditors 67,636 15,010
Taxation
&social security		 18,308
Accruals 13,324 7,376
Other creditors 195 1,168
81,155 41,862

Unrestricted Designated Restricted Total
funds funds funds funds
8 8 8
Fund balances at 31 March 2022 are represented by:
Current assets 258,002 25,000 171,537 454,539
Current
Defined		 liabilities
benefit pension asset / (liability)		 (8,213)
~(135,DOO		 - (72,942) (81,155)
~(135,D00
Total net assets at 31 March 2022 114,789 25,000 98,595 238,384

Total future minimum
lease payments
under non-ca		 ncellable
operating leases are as follows:
Equipment
2022 2021
8
Less than
1-5years		 1 year 480
240		 480
720
720 1,200

Analysis of net assets betw een funds ofprevious
r		 eporting
peri		 od
Unrestricted Designated Restricted Total
funds funds funds funds
f f f f
Fund balances at 31 March 2021 are represented
by;
Tangible
fixed assets
Current assets 311,668 25,000 117,620 454,288
Current
liabilities
Defined benefit pension		 asset / (liability) (29,602)
~144,DDO		 - (12,260) (41,862)
~144.DOO
Total net assets at 31 March 2021 138,066 25,000 105,360 268,426
Details of movements in funds during the previous reporting
period
Incoming Outgoing
At 1 April resources resources
&		 At 31
2020
f		 &gainsf lossesf Transfersf March 2021
Restricted funds
RBGreenwich:
Bureaux services		 19,607 200,000 (182,717) (5,463) 31,427
CiiA Help to Claim 283,875 (282,141) (1,734)
Big Lottery;
Ccvid support		 25,013 (14,605) 10,408
RBGreenwich:
Debt advice services
9,355 40,000 (47,654) 1,701
RB Greenwich
outreach debt advice
services 10,703 63,000 (63,143) 10,560
Mosaic Family Homes: Char/tan Triangle debt 4,000 (4,000)
Seafarers'
Hospital
Society/Greenwich
Hospital/The
Seafarers'
Charity:		 Seafarers'
Advice 8 Information
Line		 135,382 304,851 (388,162) (6,295) 45,776
Seafarers'
Hospital Society/The		 Seafarers'
Charity: Fishing specialist caseworker 20,666 16,709 38,182 6,295 5,488
Total restricted funds 195713 937440 J1102D604 ~7707 105,3,00
Unrestricted
funds
Designated
Funds
Contractual
commitment		 20,000 20,000
Development 5,000 5,000
Depreciation
Fund		 1,680
26,680 (1,680) 25,000
General funds
Pension
deficit fund		 235,493
~100,8DII		 91,156
—		 (44,580)
~5D4tlD)		 (3)
7,20ll		 282,066
~144,000
Total unrestricted
funds		 101,373 91,156 ~90600 7,197 163,D66
Total funds 357006 1,02,0,604 111117,264 268,426