##
|||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)|||
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||||||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|
##
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||||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|
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|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|
##
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|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|
##
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||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|
##
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||2022|2021|
|---|---|---|
||f|f|
|Within one year|44,000|44,000|
|Between one and five years|150,333|62,333|
||194,333|106,333|
##
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|||||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|
##
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||||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|