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2022-03-31-accounts

Page
Reference and Administrative
Details		 1 to 2
Report ofthe Trustees 3 to 8
Independent
Examiner's		 Report
Statement
of Financial		 Activities 10
Balance Sheet 11 to 12
Cash Flow Statement 13
Notes to the Cash Flow Statement 14
Notes to the Financial Statements 15 to 21
Detailed Statement
of		 Financial
Activities		 22 to 27

for the Ye ar Ended 3 1 March 20 22
31.3.22 31.3.21
Unrestricted Restricted Total Total
fund fund funds funds
Notes E E E
INCOME AND ENDOWMENTS FROM
Donations and legacies 47,283
Charitable activities
Charitable activity 400,000 575,003 975,003 872,353
Total 400,007 575,002 975,009 919,636
EXPENDITURE ON
Charitable activities
Charitable activity 203,176 573,447 776,623 594,390
NET INCOME 196,831 1,555 198,386 325,246
Transfers between funds 12 ~360) ~41,165) ~41,525)
Net movement
in funds		 196,471 (39,610) 156,861 325,246
RECONCILIATION
OF FUNDS
Total funds brought forward 274,253 239,206 513,459 188,213
TOTAL FUNDS CARRIED FORWARD 470,724 199,596 670,320 513,459

Balance Sheet
31 March 2022
31.3.22 31.3.21
Unrestricted Restricted Total Total
fund fund funds funds
Notes 6 F f
CURRENT ASSETS
Debtors 9 (180) (180) 2,346
Prepayments
and		 accrued income (51,675) (51,675)
Cash at bank and in hand 690,749 189,096 879,845 639,516
638,894 189,096 827,990 641,862
CREDITORS
Amounts
falling due within one year		 10 (19,651) (19,651) (28,684)
NET CURRENT ASSETS 619,243 189,096 808,339 613,178
TOTAL ASSETS LESS CURRENT
LIABILITIES 619,243 189,096 808,339 613,178
CREDITORS
Amounts
falling due after more than one
year 11 (148,519) 10,500 (138,019) (99,718)
RETIREMENT HEALTHCARE
BENEFITS OBLIGATIONS
NET ASSETS 470,724 199,596 670,320 513,459
FUNDS 12
Unrestricted
funds		 470,724 274,253
Restricted
funds		 199,596 239,206
TOTAL FUNDS 670,320 513,459

Cash Flow Statement
for the Year Ended 31 March 2022
31.3.22 31.3.21
Notes E f
Cash flows from operating activities
Cash generated
from operations		 1 237,191 328,522
Net cash provided
by operating		 activities 237,191 328,522
Change
in cash and cash
equivalents
in the reporting		 237,191 328,522
period
Cash and cash equivalents at the
beginning
ofthe reporting		 period 639,516 295,886
Cash and cash equivalents
end ofthe reporting
period		 at the 879,845 639,516

31.3.22 31.3.21
8 8
Net income for the reporting period (as per the Statement
of Financial Activities) 198,386 325,246
Adjustments for:
Decrease
in		 debtors 2,346
Increase
in		 creditors 36,459 3,276
Net cash provided by operations 237,191 328,522

ANALYSIS OF C HANGES
IN NET FUN		 DS
At 1.4.21
8		 Cash flow
f		 At 31.3.22
f
Net cash
Cash at bank and in hand 639,516 240,329 879,845
639,516 240,329 879,845
Total 639,516 240,329 ~879 845

for the Year Ended 31 March 2022 31 March 2022 31 March 2022
2. DONATIONS AND LEGACIES
31.3.22 31.3.21
f f
Gifts 1 ('I)
Donations 5 13,690
Donated
services and facilities		 33,594
47,283
3. INCOME FROM CHARITABLE ACTIVITIES
31.3.22 31.3.21
Activity 6
LB Hounslow Charitable activity 400,000 325,000
Thames Water Trust Charitable activity 33,244 33,244
EU Settlement Scheme Charitable activity 126,239 61,037
LBH Debt Advisory
Services Charitable activity 16,000
Big Lottery Grant Charitable activity 24,818 45,000
City Bridge Charitable activity 51,550 50,850
Trussel Trust Charitable activity 148,489 70,791
London Catalyst Charitable activity 5,000
Charities
Trust		 Charitable activity 66,968 50,000
London
Community
Response WAVE Charitable activity 81,994
CAB-Universal help to
claim Charitable activity 123,695 133,437
975,003 872,353
Grants received, included in the above, are as follows:
31.3.22 31.3.21
6 6

Support
Direct costs (see
Costs note 5) Totals
E
Charitable activity 725,328 51,295 776,623
5. SUPPORT COSTS
Information Human
technology
f		 resources
8		 Other
Charitable activity 18,672 3,997 16,783
Other 2
8		 Other 3
f		 Totals
8
Charitable activity 9,007 2,836 51,295

31.3.22 31.3.21
f f
Wages and salaries 697,723 463,933
697,723 463,933
31.3.22 31.3.21
30 20
No employees received emoluments in excess of 860,000.
8. COMPARATIVES FOR FOR THE STATEMENT OF FINANCIAL ACTIVITIES THE STATEMENT OF FINANCIAL ACTIVITIES THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund
f		 fund
f		 funds
f
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 37,893 9,390 47,283
Charitable
activities
Charitable
activity		 325,000 547,353 872,353
Total 362,893 556,743 919,636
EXPENDITURE ON
Charitable
activities
Charitable
activity		 237,756 356,634 594,390
NET INCOME 125,137 200,109 325,246
RECONCILIATION OF FUNDS
Total funds brought forward 149,116 39,097 188,213
TOTAL FUNDS CARRIED
FORWARD 274,253 239,206 513,459
9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
f f
Accruals 1,125
Deposit held (180) 230
P repayments 991
~180) ~2346

31.3.22 31.3.21
E
Trade creditors 5,232 1,043
Social security and other taxes 6,503 2,233
Accrued expenses 7,916 25,408
19,651 28,684
11. CREDITORS: AMOUNTS CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.22 31.3.21
f f
Trade creditors 130,742 99,718
Houshold Fund Project 6,060
Samaritan fund 1,217
138,019 99,718

MOVEMENT
IN FUNDS
Net Transfers
movement between At
At 1.4.21 in funds
E		 funds
f		 31.3.22
6
Unrestricted
funds
General
fund		 274,253 196,831 (360) 470,724
Restricted funds
Restricted
Funds		 239,206 1,555 (41,165) 199,596
TOTAL FUNDS 513,459 198,386 ~41,525) 670,320
Net movement
in funds,
included
in th		 e above are as follows:
Incoming Resources Movement
resources expended in funds
E E
Unrestricted
funds
General fund 400,007 (203,176) 196,831
Restricted funds
Restricted
Funds		 575,002 (573,447) 1,555
TOTAL FUNDS 975,009 (776,623) 198,386

Compar ativ es for movement
in fun		 ds
Net
movement At
At 1.4.20 in funds 31.3.21
f E E
Unrestricted funds
General fund 149,116 125,137 274,253
Restricted funds
Restricted Funds 39,097 200,109 239,206
TOTAL FUNDS 188,213 325,246 513,459
Comparative
net movement
in funds,		 included
in the above are as		 follows:
Incoming Resources Movement
resources
E		 expended
f		 in funds
f
Unrestricted
funds
General
fund		 362,893 (237,756) 125,137
Restricted funds
Restricted
Funds		 556,743 (356,634) 200,109
TOTAL FUNDS 919,636 (594,390) 325,246
A curren t y ea r 12 months
and		 prior year 12 months
c		 ombined
posi		 tion
is as follo		 ws:
Net Transfers
movement between At
At 1.4.20 in funds funds 31.3.22
E f E
Unrestricted funds
General fund 149,116 321,968 (360) 470,724
Restricted funds
Restricted Funds 39,097 201,664 (41,165) 199,596
TOTAL FUNDS 188,213 523,632 ~41,525) ~670 320

A current
year 12 months
and
pri
included
in the above are as follows:		 or year 12 months
combined		 net moveme nt
in fund
Incoming Resources Movement
resources
f		 expended
f		 in funds
F
Unrestricted
funds
General
fund		 762,900 (440,932) 321,968
Restricted funds
Restricted
Funds		 1,131,745 (930,081) 201,664
TOTAL FUNDS 1,894,645 (1,371,013) 523,632

for the Year En ded 31 March 2 022
31.3.22 31.3.21
8
INCOME AND ENDOWMENTS
Donations
and		 legacies
Gifts 1 (1)
Donations 5 13,690
Donated
services and facilities		 33,594
6 47,283
Charitable
activities
LB Hounslow 400,000 325,000
Thames Water Trust 33,244 33,244
EU Settlement Scheme 126,239 61,037
LBH Debt Advisory Services 16,000
Big Lottery Grant 24,818 45,000
City Bridge 51,550 50,850
Trussel Trust 148,489 70,791
London
Catalyst		 5,000
Charities
Trust		 66,968 50,000
London
Community		 Response WAVE 81,994
CAB-Universal help to claim 123,695 133,437
975,003 872,353
Total incoming resources 975,009 919,636
EXPENDITURE
Charitable
activities
Wages 697,723 463,933
Premises
provided		 by LB Hounsl 15,000
Citizens Advice Subscriptions 9,790 8,002
Reference Materials 385 195
Telephone 11,880 10,307
Postage and stationery 2,236
Travelling 46 716
Training 1,043
Office expenses 2,698
Translation
Services		 1,763
725,328 500,389

Detailed Statement of Financial Financial Activities
for the Year Ended 31 March 2022
31.3.22
6		 31,3.21
f
Support costs
Information
technology
IT Support
IT Software		 13,658
1,954		 11,084
2,235
IT equipment
Website costs		 3,060 13,721
7,630
18,672 34,670
Human
resources
HR And Employment support 3,997
Other
Insurance 1,844 1,823
Bank Charges
Consultancy
Sundries		 76
6,118
7,028		 95
7,404
6,503
Payroll services 1,717 1,272
16,783 17,097
Other 2
Independent
Examiners
Repairs and maintenance
Rent & Service Charge-		 Fees
Chiswick		 1,500
183
(8,695)		 1,500
23,181
12,500
Rent & Service Charge- Hounslow (150) 150
Office Equipment 9,584 2,871
Recruitment 3,187 1,284
Cleaning 3 398 742
9,007 42,228
Other 3
Trustees expenses
Postage and stationery 2,788
Sundries 48
2,836
Total resources expended 776,623 594,390
Net income 198,386 325,246

As at As at
31/03/2022 31/03/2021
Discount rate 2.80% 2.10'/
Inflation assumption (RPI) 3.70% 3.30'/
InfleNan assumption (CPI) 3.25% 2.80%
Revaluation of deferred pensions in excess of GMP 3.25% 2.80%
Pension in payment increases of:
- CPI or 5% p.s. ifless 3 25o/o 2 80o/o
- CPI inflation since retirement ar 5o/o p a compound ifless 3.25% 2 sao/o
- CPI or 3% p.a. Ifless 2 70o/ 2 50o/
Commutation of pension for cash at retirement 24 75o/o of HMRC
maximum		 75'/o of HMRC
maximum
As at As at
31/03/2022 31/03/2021
Assumed life expectancies on retirement at age 65are:
Retiring
today - Males		 21 3
Retinng
today - Females		 24.2 24.1
Retinng
in		 20 years time - Males 22.6 22 6
Retiring
In		 20 years lime - Females 25 7 25 7
Value at Value at
31/03/2022 31/03/2021
f000s FOOOs
The assets In the Plan were:
Multi asset funds 68,955 72,995
Structured equity and LDI 27,488 24,849
Cash 5,771
Fair value of Plan assets
The actual return on assets over the period was: 5,301 14,282
Present value of funded obligations 148,768 161,415
Fair value of Plan assets
Surplus/(deficit)
In funded		 scheme
Present value of unfunded obligations
unrecognised
actuarial gains (losses)
Ad)ustment in respect of asset cel/ing
Net liabigty in balance sheet
31/03/2022 31/03/2021
6000s cxgggs
Benefit obligation at beginmng ofyear 161,415 140,310
Current
service cost		 771 652
Interest cost 3,346 3,322
Contribubons
by Plan partklpants
Actuartal
(gains)/losses		 (11,745) 21,568
Benefits paid and expenses (5,019) (4,437)
Past service cost 0 0
Settlements
Business combinations
Exchange rate
Benefit obligation at end of year
31/03/2022 31/03/2021
f000s f000s
Fair value of Plan assets at beginning ofyear 99,353 85,959
Interest income on Plan assets 2,061 2,052
Return on assets, excluding interest income 3,240 12,230
Contnbutions
by employers		 2,579 ]
Contributions
by Plan partimpants		 0
Benefits paid and expenses (5,019)
Business combinations 0 0
Settlements 0
Exchange rate 0
Fair value of Plan assets at end ofyear 99,353
The amounts
recognised		 in profit or loss:
31/03/2022 31/03/2021
f000s fgggs
Service cost - inc. current & past seneca costs, settlements
Seneca cost - administrative cost 771 652
Net interest on the net defined
benefit		 liability 1,270
Total expense
Remeasurements
ofthe		 net defined benefit ffabfflty (asset) to be shown in OCI:
31/03/2022 31/03/2021
FOOOs 6gggs
Actuarial
(gains)/losses
on		 the liabilities 11,745) 21,568
Return
on assets, excluding		 Interest income (3,240) (12,230)
Changes
in the effect of the		 asset ceiling exduding interest income 0 0
Total remeasurement
of		 the net defined benefit ffabfflty (asset) to be shown in OCI 9,338