##
|||||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||