| Page | |||
|---|---|---|---|
| Reference and administrative details |
1 to | 2 | |
| Report ofthe trustees | 3 to | 10 | |
| Report ofthe independent auditors |
11 to | 14 | |
| Statement offinancial | activities | 15 | |
| Statement offinancial | position | 16 to | 17 |
| Statement ofcash flows | 18 | ||
| Notes to the statement | ofcash flows | 19 | |
| Notes to the financial | statements | 20 to | 34 |
| Detailed statement of |
financial activities | 35 |
| Trustees | P Blanking | ||||||
|---|---|---|---|---|---|---|---|
| K Dale (appointed 21/10/21) |
|||||||
| 5 Hussain (resigned 27/5/21) |
|||||||
| T Khan (resigned 21/6/22) |
|||||||
| K Malik (appointed 21/10/21) (resigned 27/1/22) |
|||||||
| A BMckenzie (appointed | 27/1/22) | ||||||
| M Neale Vice Chair | |||||||
| N A Nicholls | |||||||
| D Olney Chair | |||||||
| H A Rashid (appointed 27/1/22) |
|||||||
| P Sutton Treasurer | |||||||
| YWaheed (resigned 26/10/21) |
|||||||
| FWiddowson (resigned |
7/3/22) | ||||||
| U Ali (appointed 8/5/22) |
|||||||
| F Begum (appointed 13/8/22) |
|||||||
| G Daswani (appointed 2/7/22) |
|||||||
| Registered | office | 15 New Bedford Road | |||||
| Luton | |||||||
| Bedfordshire | |||||||
| LU1 1SA | |||||||
| Registered | company | number | 03466059 (England and |
Wales) | |||
| Registered | charity | number | 1068411 | ||||
| Auditors | Wags LLPt/a Wagstaffs | ||||||
| Chartered Accountants |
and Statutory | Auditors | |||||
| Richmond House |
|||||||
| Walkern Road |
|||||||
| Stevenage | |||||||
| Hertfordshire | |||||||
| SG13QP | |||||||
| Key management | personnel | 5Simeon (Chief Executive) | |||||
| JJenkins (Head of Quality | R Advice) | ||||||
| L Scanlan (Head of Debt | and Personnel) |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Tota I |
|||
| funds | funds | funds | funds | |||
| Notes | f | f | E | f | ||
| INCOME AND ENDOWMENTS | FROM | |||||
| Charitable activities |
3 | 10,343 | 967,310 | 977,653 | 1,239,173 | |
| Investment income |
4 | 2,232 | 2,232 | 1,765 | ||
| Other income | 22,416 | 22,416 | 38,877 | |||
| Tota I | 34,991 | 967,310 | 1,002,301 | 1,279,815 | ||
| EXPENDITURE ON | ||||||
| Charitable activities |
||||||
| Support costs | 22,632 | 159,219 | 181,851 | 166,750 | ||
| Grants to service partners | 185,027 | 185,027 | 357,913 | |||
| Direct costs | 6,398 | 626,485 | 632,883 | 632,537 | ||
| Total | 29,030 | 970,731 | 999,761 | 1,157,200 | ||
| NET INCOME/(EXPENDITURE) | 5,961 | (3,421) | 2,540 | 122,615 | ||
| RECONCILIATION OF FUNDS |
||||||
| Total funds brought forward | 522,526 | 93,579 | 616,105 | 493,490 | ||
| TOTAL FUNDS CARRIED FORWARD | 528,487 | 90,158 | 618,645 | 616,105 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Notes | f | E | ||
| Cash flows from operating | activities | |||
| Cash generated from operations |
1 | 57,917 | 61,079 | |
| Net cash provided by operating activities |
57,917 | 61,079 | ||
| Cash flows from investing | activities | |||
| Converted unlisted investments to cash |
180,241 | |||
| Interest received | 2 232 | 1,765 | ||
| Net cash provided by investing activities |
2.232 | 182,006 | ||
| Change in cash and cash equivalents |
in | |||
| the reporting period |
60,149 | 243,085 | ||
| Cash and cash equivalents | at the | |||
| beginning ofthe reporting |
period | 595,204 | 352,119 | |
| Cash and cash equivalents | at the end | |||
| ofthe reporting period |
655,353 | 595,204 |
| RECONCILIATION | OF NET INCOME TO NET CASH FLOW FROM | OF NET INCOME TO NET CASH FLOW FROM | OF NET INCOME TO NET CASH FLOW FROM | OF NET INCOME TO NET CASH FLOW FROM | OF NET INCOME TO NET CASH FLOW FROM | OPERATING ACTIVI1IES | OPERATING ACTIVI1IES | |
|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||
| E | f | |||||||
| Net income for the | reporting | period (as per the Statement | of | |||||
| fina ncia I activities) | 2,540 | 122,615 | ||||||
| Adjustments for: |
||||||||
| Depreciation charges |
2,308 | 2,309 | ||||||
| Interest received | (2,232) | (1,765) | ||||||
| Short term investments | (1,587) | |||||||
| Decrease/(increase) | in debtors | 13,655 | (21,987) | |||||
| Increase/(decrease) | in creditors | 41,646 | (38,506) | |||||
| Net cash provided | by operations | 57,917 | 61,079 | |||||
| ANALYSIS OF CHANGES | IN NET FUNDS | |||||||
| At | 1.4.21 | Cash flow | At 31.3.22 | |||||
| f | E | f | ||||||
| Net cash | ||||||||
| Cash at bank and in | hand | 595,204 | 60,149 | 655,353 | ||||
| 595,204 | 60,149 | 655,353 | ||||||
| Total | 595,204 | 60,149 | 655,353 |
| CHARITABLE ACTIVITIES | |||
|---|---|---|---|
| 2022 | 2021 | ||
| E | E | ||
| Income from charitable | activities | 977,653 | 1,239,173 |
| INVESTMENT INCOME | |||
| 2022 | 2021 | ||
| E | E | ||
| Deposit account interest | ZI232 | 1,765 |
| CHARITABLE ACTIVITIES COSTS | ||||
|---|---|---|---|---|
| Grant | ||||
| funding of | ||||
| activities | Support | |||
| Direct | (see note | costs (see | ||
| Costs E |
6) E |
note 7) E |
Totals f |
|
| Support costs | 181,851 | 181,851 | ||
| Grants to service partners | 185,027 | 185,027 | ||
| Direct costs | 632,883 | 632,883 | ||
| 632,883 | 185,027 | 181,851 | 999,761 | |
| GRANTS PAYABLE | ||||
| 2022 | 2021 | |||
| f | E | |||
| Grants to service partners | 185,027 | 357,913 |
| Support | ||||
|---|---|---|---|---|
| costs | ||||
| E | ||||
| Support costs | 181,851 | |||
| Support costs, | included | in the above, are as follows: | ||
| 2022 | 2021 | |||
| Support | Total | |||
| costs | activities | |||
| E | E | |||
| Other operating leases |
54,839 | 58,435 | ||
| Premises expenses | 43p494 | 32,375 | ||
| Staff expenses | 7,449 | 8,717 | ||
| Communications | 10,105 | 11,416 | ||
| Printing | 7,014 | 5,878 | ||
| Independent examiner's |
fees | 9,147 | 5,879 | |
| Other administration | 2,577 | 4,226 | ||
| Othersupport | costs | 44,191 | 36,969 | |
| Bank charges | 727 | 546 | ||
| Depreciation oftangible |
fixed assets | 2,308 | 2,309 | |
| 181,851 | 166,750 | |||
| NET INCOME/(EXPENDITURE) | ||||
| Net income/(expenditure) | is stated after charging/(crediting): | |||
| 2022 | 2021 | |||
| E | f | |||
| Depreciation - owned assets |
2,308 | 2,309 | ||
| Other operating | leases | 54,839 | 58,435 | |
| Auditors remuneration |
2,550 | 3,750 | ||
| Auditors remuneration |
—non audit fees | 2,950 | 1,750 | |
| Pension costs | 29,205 | 33,418 |
| 2022 | 2021 | |
|---|---|---|
| E | E | |
| Wages and salaries | 554,659 | 561,523 |
| Social security costs | 42,621 | 37,596 |
| Pension costs | 29,205 | 33,418 |
| 626,485 | 632,537 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Counselling, | advice | and information | 23 | 24 |
| Administration | and | support | 5 | 5 |
| 28 | 29 |
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| f | E | f | ||
| INCOME AND ENDOWMENTS | FROM | |||
| Charitable activities |
6,826 | 1,232,347 | 1,239,173 | |
| Investment income |
1,765 | 1,765 | ||
| Other income | 38,877 | 38,877 | ||
| Total | 47,468 | 1,232,347 | 1,279,815 | |
| EXPENDITURE ON | ||||
| Charitable activities |
||||
| Support costs | 107,189 | 59,561 | 166,750 | |
| Grants to service partners | 357,913 | 357,913 | ||
| Direct costs | 632,537 | 632,537 | ||
| Total | 107,3.89 | 1,050,011 | 1,157,200 | |
| NET INCOME/(EXPENDITURE) | (59,721) | 182,336 | 122,615 | |
| RECONCILIATION OF FUNDS |
||||
| Total funds brought forward | 468,178 | 25,312 | 493,490 | |
| TOTAL FUNDS CARRIED FORWARD | 408,457 | 207,648 | 616,105 |
| 13. | TANGIBLE FIXEDASSETS | TANGIBLE FIXEDASSETS | TANGIBLE FIXEDASSETS | |||
|---|---|---|---|---|---|---|
| Improvements | Fixtures | |||||
| to | and | |||||
| property | fittings | Totals | ||||
| f | f | E | ||||
| Cost | ||||||
| At 1st April 2021 and | 31st March 2022 | 159,798 | 41,906 | 201,704 | ||
| Depreciation | ||||||
| At 1st April 2021 | 157,490 | 41,906 | 199,396 | |||
| Charge for year | 2,308 | 2,308 | ||||
| At 31st March 2022 | 159,798 | 41,906 | 201,704 | |||
| Net book value | ||||||
| At 31st March 2022 | ||||||
| At 31st March 2021 | 2,308 | 2,308 | ||||
| 14. | DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||||
| 2022 | 2021 | |||||
| E | f | |||||
| Trade debtors | 597 | 4,877 | ||||
| Prepayments and accrued income |
33,651 | 43,026 | ||||
| 34,248 | 47,903 | |||||
| 15. | CREDITORS.' AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||||
| 2022 | 2021 | |||||
| E | E | |||||
| Trade creditors | 9,170 | 535 | ||||
| Social security and other | taxes | 9,451 | 14,727 | |||
| Accruals and deferred | income | 52,335 | 14,048 | |||
| 70,956 | 29,310 |
| 2022 | 2021 | |
|---|---|---|
| f | f | |
| Within one year | 44,000 | 44,000 |
| Between one and five years | 150,333 | 62,333 |
| 194,333 | 106,333 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Tata I |
Tota I | ||
| funds | funds | funds | funds | ||
| E | E | f | f | ||
| Fixed assets | 2,308 | ||||
| Current | assets | 454,893 | 234,708 | 689,601 | 643,107 |
| Current | liabilities | 73,594 | (144,550) | (70,956) | (29,310) |
| 528,487 | 90,158 | 618,645 | 616,105 |
| MOVEMENT IN FUN |
DS | ||||||
|---|---|---|---|---|---|---|---|
| Net | |||||||
| movement | At | ||||||
| At 1.4.21 | in funds | 31.3.22 | |||||
| f | f | E | |||||
| Unrestricted funds |
|||||||
| General fund | 450,218 | 8,269 | 458,487 | ||||
| Fundralslng Designated |
Fund | 30,000 | 30,000 | ||||
| Restructuring Designated |
Fund | 30,000 | 30,000 | ||||
| Building Designated | Fund | 10,000 | 10,000 | ||||
| Fixed Assets Designated | Fund | 2,308 | (2,308) | ||||
| 522,526 | 5,961 | 528,487 | |||||
| Restricted funds | |||||||
| Money Advice Service | —Face | to Face | 38,530 | 681 | 39,211 | ||
| The Big Lottery Fund | - | HTC | 7,532 | (5,814) | 1,718 | ||
| Citizens Advice —Help to |
Claim scheme | 5,429 | 3,092 | 8,521 | |||
| EU Settled Status | 4,437 | (4,437) | |||||
| National Lottery Community |
Fund | 20,001 | (19,202) | 799 | |||
| Beds and Luton Community | |||||||
| Foundation | 12,416 | (12,416) | |||||
| National Citizens Advice |
5,234 | 5,234 | |||||
| Energy Redress | 34,675 | 34,675 | |||||
| 93,579 | (3,421) | 90,158 | |||||
| TOTAL FUNDS | 616,105 | 2,540 | 618,645 |
| Incoming | Resources | Movement | |||||
|---|---|---|---|---|---|---|---|
| resources | expended | in funds | |||||
| f | E | f | |||||
| Unrestricted funds |
|||||||
| General fund | 34,991 | (26,722) | 8,269 | ||||
| Fixed Assets Designated | Fund | (2,308) | (2,308) | ||||
| 34,991 | (29,030) | 5,961 | |||||
| Restricted funds | |||||||
| Money Advice Service | —Face | to Face | 140,898 | (140,217) | 681 | ||
| The Big Lottery Fund | —HTC | 25,091 | (30,905) | (5,814) | |||
| Citizens Advice —Help |
to | Claim scheme | 195,224 | (192,132) | 3,092 | ||
| EU Settled Status | 86,157 | (90,594) | (4,437) | ||||
| National Lottery Community |
Fund | (19,202) | (19,202) | ||||
| Beds and Luton Community | |||||||
| Foundation | 481,086 | (493,502) | (12,416) | ||||
| Energy Redress | 38,854 | (4,179) | 34,675 | ||||
| 967,310 | (970,731) | (3,421) | |||||
| TOTAL FUNDS | 1,002,301 | (999,761) | 2,540 |
| Net | ||||||
|---|---|---|---|---|---|---|
| movement | At | |||||
| At 1.4.20 | in funds | 31.3.21 | ||||
| E | E | f | ||||
| Unrestricted funds |
||||||
| General fund | 393,561 | (57,412) | 336,149 | |||
| Fundraising Designated |
Fund | 30,000 | 30,000 | |||
| Restructuring Designated |
Fund | 30,000 | 30,000 | |||
| Building Designated Fund |
10,000 | 10,000 | ||||
| Fixed Assets Designated | Fund | 4,617 | (2,309) | 2,308 | ||
| 468,178 | (59,721) | 408,457 | ||||
| Restricted funds | ||||||
| Money Advice Service | —Face | to Face | 38,530 | 38,530 | ||
| The Big Lottery Fund — |
HTC | 22,168 | 20,030 | 42,198 | ||
| Citizens Advice —Energy |
Best | Deal | ||||
| Extra Advice Project | 1,753 | (928) | 825 | |||
| Citizens Advice —Help to |
Claim scheme | 1,391 | 26,706 | 28,097 | ||
| National Lottery Community |
Fund | 20,001 | 20,001 | |||
| Beds and Luton Community | ||||||
| Foundation | 65,120 | 65,120 | ||||
| National Citizens Advice |
5,234 | 5,234 | ||||
| Home office | 7,643 | 7,643 | ||||
| 25,312 | 182,336 | 207,648 | ||||
| TOTAL FUNDS | 493,490 | 122,615 | 616,105 |
| Incoming | Resources | Movement | |||||
|---|---|---|---|---|---|---|---|
| resources | expended | in funds | |||||
| f | f | f | |||||
| Unrestricted funds |
|||||||
| General fund | 47,468 | (104,880) | (57,412) | ||||
| Fixed Assets Designated | Fund | (2,309) | (2,309) | ||||
| 47,468 | (107,189) | (59,721) | |||||
| Restricted funds | |||||||
| Money Advice Service - | Face | to Face | 163,600 | (125,070) | 38,530 | ||
| The Big Lottery | Fund | —HTC | 93,405 | (73,375) | 20,030 | ||
| Citizens Advice | - Energy | Best | Deal | ||||
| Extra Advice Project | 1,680 | (2,608) | (928) | ||||
| Citizens Advice | —Help | to | Claim scheme | 188,880 | (162,174) | 26,706 | |
| National Lottery Community |
Fund | 66,063 | (46,062) | 20,001 | |||
| Beds and Luton | Community | ||||||
| Foundation | 663,438 | (598,318) | 65,120 | ||||
| National Citizens Advice |
18,068 | (12,834) | 5,234 | ||||
| Home office | 37,213 | (29,570) | 7,643 | ||||
| 1,232,347 | (1,050,011) | 182,336 | |||||
| TOTAL FUNDS | 1,279,815 | (1,157,200) | 122,615 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| E | E | |||
| INCOME AND ENDOWMENTS | ||||
| Charitable activities |
||||
| Income from charitable | activities | 977,653 | 1,239,173 | |
| Investment income |
||||
| Deposit account interest | 2.232 | 1,765 | ||
| Other Income | ||||
| Otherincome | 22,416 | 38,877 | ||
| Total incoming resources |
1,002,301 | 1,279,815 | ||
| EXPENDITURE | ||||
| Charitable activities |
||||
| Wages | 632,883 | 632,537 | ||
| Grants to institutions | 185,027 | 357,913 | ||
| 817,910 | 990,450 | |||
| Support costs | ||||
| Support costs | ||||
| Other operating leases |
54,839 | 58,435 | ||
| Premises expenses | 43,494 | 32,375 | ||
| Staff expenses | 7,449 | 8,717 | ||
| Communications | 10,105 | 11,416 | ||
| Printing | 7,014 | 5,878 | ||
| Independent examiner's |
fees | 9,147 | 5,879 | |
| Other administration | 2,577 | 4,226 | ||
| Other support costs | 44,191 | 36,969 | ||
| Bank charges | 727 | 546 | ||
| Improvements to property |
2,308 | 2,309 | ||
| 181,851 | 166,750 | |||
| Total resources expended | 999,761 | 1,157,200 | ||
| Net income | 2,540 | 122,615 |