ISLAND ADVICE CENTRE
IA company limited by guarantee)
(Registered No.: 03375266)
{Charity No.: 10768571
TRUSTEES. REPORT ANO FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
*ABJXB2ML*
30112rd022
COMPANIES HOUSE
#12
MYRUS SMITH
Chartered Accountants
Nompn House
8 Burnell Road
Sutton. Suffey
SM1 4BW

ISLAND ADVICE CENTRE
IA company limited by guarantee)
CONTENTS
FOR THE YEAR ENDED 31 MARCH 2022
Pagg
Tnjstees, Annual Report
Independent Auditorfs Report
8-11
Statement of Financial Acbvrties
12
Balance Sheet
13
Notes lo the Financial Statements
14-20

ISLAND ADVICE CENTRE
IA company limlted by guarantee
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2022
The trustees present their report and financial statements for the year ended 31 March 2022.
REFERENCE AND ADMINISTRATIVE DETAILS
Charity name and registration numbers
Name:
Island Advi￿ Centre
Company No: 03375266
Charity No..
1076857
Board of Trustees
Katherine Wilson
Steve Lake
Chris Parsons
Thomas Siggers
Shabnam Sharmin
Simon Lanaria
Godline Pushparajan
Stephanie Dickinson
Chair
Treasurer
Centre Manager
Sarah Sauvat
Registered Office and Principal Address
Island House
Roserton Street
London
E14 3PG
Auditors
Myrus Smith, Chartered Accountants and Statutory Audttors
Norman House
8 Burnell Road
Sutton, Surrey
SM14BW

ISLAND ADVICE CENTRE
IA company limitgd by gyarantoe)
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2022
Icontd....
OBJECTIVES AND ACTIVITIES
Main objectives and mission
The Centre's main objectives, in accordance with tts goveming document. are:
to provide by employing suitsbly qualffied staff free housing, debt, welfare and
generalist advice to poor persons resident in Tower Hamlets or nearby areas
to provide an accessible sep4ice in terms of location, disability and language
to provide home visits to persons V￿th disabilities.
ADAPTING A SERVICE DURING A PANDEMIC
The pandemi¢ had a direct effect on the organrzation main activities due to COVID 19 related
control measures been PLrt in place by the govemmenL
Although the delivery of the service Continued. unfortunately face to face advice had been
severely impacted during the pandemic and this had a direct impact on volunteers,
involvement which considerably redu￿d.
But thanks to funders from the London Community Response and Community Justice Fund
we were able to adapt our system to remote work including migrating the cloud and adopting
a MS Telephony system. This also helped us resume volunteer engagement.
The new IT system and telephony system enabled Island Advice Centre to continue to
provide the much needed advice and support through increased telephone helpline. remote
appointments via telephone or digital means and email advice.
Outreach sessions continued to be delivered albeit remotely.
Training courses and workshops were adapted to be delivered digitally and factsheets and
online information continued to be developed.
FINDING A NEW NORMAL
As protective measures were eased, Island Advice Centre slowly resumed the face-to-fa
advi￿ to the most vulnerable residents while remaining flexible in their channel of delivery.
From August 2021. the most vulnerable clients could have face to fa￿ appointments vthen
requested.
Since September 2021 our housing and debt clinits have been delivered as per client
preferences i.e either face to face over the phone or digitalSy.
Since March 2022 appointments are offered face to fa¢e by default bLrt residents always
have the choice to have telephone or digital consumation rf this is their preferences
Training and workshop are now delivered via a mixiure of face to fa￿ and digital means.
Main activities
The organisation exists to provide generalist advice and infomiation. benefits, debt and
housing casework including representation at court and tribunals, training and placements for
advice volunteers, and peer support to other front-line advice agencies.

ISLAND ADVICE CENTRE
IA company limited by guarantee)
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2022
lconld....
Our main activities are carried out in our office on the Isle of Dogs, with OUt￿8¢h advice
sessions being delivered at Spitalfields Health Centre, E1 Health. Chrisp Street Health
Centre, Barkantine Clinic, Island Health Centre. EIATh and Bromley by Bow Centre. Our
activities in the year included..
Telephone advice sessions y￿ekdayS
Daily telephone appointments for benefts, debt and housing advice
Four remote sessions per week in GP surgeries
Weekly remote advi￿ sessions in other Gommunity and advice centres
Casework and representation at court and tribunal
Debt Relief Order intennediary service
Advi￿ on fuel and water debt and energy efficiency
Volunteer recruitment. pla￿MentS and supervision
Volunteer training ¢ourse one day per week delivered remotely
NVQ level 3 and 4 assessments in Advice and Guidance
Peer support and caparity building in 10 other front-line Tower Hamlets advice
centres
Production of welfare righls factsheets and delivery of training workshops for adviGe
workers
Tower Hamlets Community Advice Network website
Nelwofking and partnerships
Referrals to other agen￿e$ for specialist advi￿ services such as immigration,
employment and family law and for support wrth online applications and advice
Tesources.
These activities Can be broadly divided into four categories:
1. Specialist casework - this includes debt and money management advi￿ funded by
LBTH, welfare benefits casework and appeals funded by LBTH and City Bridge Trust
and housing advice and rAsework funded by Trust for London.
2. Advice volunteer training
includes our volunteer training project funded by LBTH,
NVQ assessments carried out by qualified staffs and funded by a mix of grants from
Canary Wharf Trust and fee payments by ¢andidatesltheir employers, and training
sessions and workshops delivered to other agencies partly funded by LBTH and
partly by East End Community Foundation.
3. Generalist advio provision
delivered Ihrough telephone advice session. emails,
remote outreach sessions and appointments and funded by LBTH, Social Action for
Health, Thames Water Trust, ELATT college and Osmani Trust.
4. Peer Support and Coordination Work this work consists of support for Tower
Hamlets Communty Advi¢e Network and coordination of referrals funded by Child
Society Coordinate Community Support .

ISLAND ADVICE CENTRE
IA Company limited by guarantee)
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2022
Icontd....
Service provision depends on suitable funding being available for that service. Restricted
funds will be applied only for the specific activities required by the funder whilst unrestricted
funds may be used to support or extend any service that we consider it important to deliver in
light of our overall mission and our understanding of local needs.
Our user statistics indicate that residents from all sectors of the local Tower Hamlets
community are aware of and a¢￿5$ our servi¢es. The majorrty of beneficiaries are people
experiencing hardship Gaused by low incomes due to unemployment or furtoughing,
¢essation of benefits. lath of access to utilities and financial services, indebtedness including
rent and council tax arrears, insecure or unaffordable housing. homelessness and disrepair.
Our services are accessible in temis of disabled access (suilable premises. Out￿aCh
appointments). language (advisers speak a range of community languages) and local
provision.
Other beneficiaries are unemployed residents who can access our volunteering and training
opportunities and gain vocational skills, qualifications. and improved chan￿$ of finding
secure employment.
How our activities deliver public benefrt
The trustees. when exercising any powers or duties to which Ihe guidance is relevant,
notably about how the organisation undertakes its work and spends the reSoUr￿S it raises
always have due regard lo the Charrty Commission's public benefit guidan￿.
Our charitable activities focus on the provision of free advi￿ and advocacy to residenls of
Tower Hamlets and surrounding areas. We incorporate the help of local volunteers both in
our management commtttee and service delivery.
Therefore the public benefit is Iwofold. Firstly by helping those in need to secure their
statutory rights and entitlements and empowering them through awareness and support.
Without this support many of our clients would fall under the poverty line which is detrimental
to their well-being and the well-being of children under their care.
Secondly through our volunteering opportunities we up-skill residents and give them the
experience and skills needed to enter the job market and participate in the local and wider
economy. Many of our volunteers move on to paKI employment both in the advice sedor and
other areas.
ACHIEVEMENTS AND PERFORMANCE
In the year ending 31 March 2022, 2.622 people accessed our advice servI￿s, either by
been referred directly through us or by ac￿ssIng our service directly via telephone or ernail
or trough outreach services which we continued lo deliver remotely.
Our outreach services delivered 156 remole sessions funded by SAfH in 5 GP surgeries. We
also delivered advi￿ session to students at ELATh during temi time.
Through our telephone and email enquiries in house funded by LBTH, we assisled 1.405
service users accessed general advice by phone or online and following our advice and
support with 2,712 enquiries.

ISLAND ADVICE CENTRE
(A company limited by guarantee)
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2022
Iconld...
Through our debt specialist casework funder by L8TH and Thames Water, we helped 254
clients having £450,080 of debt written off trough insolvency or dis¢retionary relief and
£351,679 of debt managed trough reduod payment plan or moratorium period. And through
our financial Gapability support funded by Thames Water we helped 105 household with
better off energy comparison and discount application which a projected annual savings of
£50,3531£480 per household)
Through our specialist welfare casework funded by CBT. we supported 110 clients secure
145.515 of confimied additional income and assisted 50 clients with tribunal representation.
Through our housing specialist advice funded by TFL. we advised 177 clients regarding
housing matter and provided specialist casework support to 101 to improve their housing
position including disrepair. housing allocation. suitsble housing andlor avoiding
homelessness.
Our volunteer advice work training project continued to be funded by LBTH. The project
delivers a weekly digital advice training course to local community volunteers, finds
pla￿MentS for them in Island Advice and offers the opportunity to progress to NVQ levels 3
and 4.
We have also conlinued to provide peer support and capacity building to other Tower
Hamlels advi￿ ￿ntreS with funding from LBTH. This has included delivery of training
courses, workshops and fadsheets. the maintenance of a Tower Hamlets Community Advi
Network website. provision ol file reviews for advisers in other agencies, and c￿ordination of
the THCAN steering group and its associated advice forums.
wrth the support of the Children Society Coordinate Community programme we updated the
THCAN website to include a centralised referral system available to organisations in the
borough of Tower Hamlets to help implement a coordinate and effective referral system for
residents to access the advice sector.
FINANCIAL REVIEW
Principal Funding sources
Island Advice relies on charitable grants and statutory funding for its income. The
organisation has an ongoing strategy of applying for any available grants largeted for the
provision of social welfare law advice from large statutory funders as well as smaller trusts
and foundations. The principal funding sources in this year were the London Borough of
Tower Hamlets. Trust for London and City Bridge Trust.. other funders included the SAfH (GP
Link's project), Children Society and Thames Water Trust.
There are four areas of restricted funding.. specialist casework. which funds casework in
housing. welfare benefits and debt-, generalist advice which is delivered through dropin
sessions, telephone advice and appointments. advice volunteer training which is i)ffered to
advice centre volunteers borough-wide and includes both dassroom training and supervised
placements., and peer support work which is offered to other advice ￿ntreS in the borough.

ISLAND ADVICE CENTRE
(A company Ilmlted by guarnntee)
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2022
Reserves policy
Trustees have established that in order to fuffil their responsibiltlies to staff and to minimise
the risk of any breach of statute or organisational duty the organisation should hold sufficient
lunds in reserve to meet the full running costs for three months. Reserves will be built up
from unrestricted funds and the level of reserves will be reviewed annually by the Board. The
present level of unrestricted ￿erVeS of £118.731 as at 31 March 2022 (2021 £116.021)
available to the ¢harity meets this requirement.
Investment policy
Any surplus funds ￿11 be held in. low risk, secure investments such as the charities deposit
fund run by CCLA Investment Management Ltd. Additionally the organisation uses an
interest bearing current account in order to maximise the value of any cash held.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The charity is also a ￿MpanY limited by guarantee and the Directors of the company are
also the Trustees of the tharity. The tharity's governing document is a memorandum and
articles of assoaation dated 23 May 1997 and updated on 2￿ June 1999:
Trustee appolnlmenL Induction and tralnlng
Trustees are elected at the organisation's AGM. In addition, the board may, at its discretion,
make appointments to the Board between AGMS. The Board endeavours to ensure that its
membership covers a wide range of experience and skills and that the backgrounds of the
memters of the Board reflect a balance that is appropriate to the charity's mission and
a¢tivities. New trustees are provided with a copy of the business plan. most recent annual
report and constitution. details of the organisation's strudure arvj staffing, and copies of
relevant policies including the Equality and Diversity Polw.
Organisational structure
Operational management of the organisation is delegated to the Centre Manager who takes
overall responsibility for the day to day running of the organisation. planning and strategy.
and implementing the directions of the Board. The Centre Manager is part of a senior
management team that includes the volunteer CO￿rdInatOr and housing, debt and welfare
benefits advi￿ supervisors.
Involvement of volunteers
The board of trustees are volunteers drawn from the local community. the business sector,
other voluntary sector organisations and ex- advice staff and volunteers. The organisation
also uses local community volunteers and law students lo assist in delivery of advice
services and to carry out administrative support.

ISLAND ADVICE CENTRE
IA company Ilmiled by guarantee)
TRUSTEES. ANNUAL REPORT
.FOR ThE YEAR ENDED 31 MARCH 2022
Icontd....
STATEMENT OF TRUSTEES. RESPONSIBILITIES
The trustees (who are also directors of"Island Advice Centre for the purposes of company
law) are responsible for preparing the Trustees, Annual Report and the financial statements
in accordance with applicable law and United Kingdom Accounting Standards (United
Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepa￿ financial statements for each financial year.
Under company law the trustees must not approve the financial statements unless they are
satisfied that they give a true and fair view of the state of affairs of the charilable company
and of the incoming resources and application of resources. including the income and
expenditure. of the charitable company for that period. In preparing these financial
statements. the trustees are required to:
select suitable accounting policies and then apply them consistently..
observe the methods and principles in the Charities SORP 2019 {FRS 102).
make judgements and estimates that are reasonable and prudent.,
prepare the financial statements on the going concern basi5 unless it is inappropriate
to presume that the charitable company will continue in operation.
The trustees are ￿sponsible for keeping adequate accounting records that disclose wrth
reasonable accuracy at any time the finanaal position of the charitable company and enable
them to ensure that the finanoal statements comply with the Companies Act 2006. They are
also responsible for safeguarding the assets of the tharitable company and hence for takn'ng
reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware..
there is no relevant audit infomiation of which the charitable company's auditor is
unaware" and
the trustees have taken all steps that they ought to have taken to make themselves
aware of any relevant aLKIrt Info￿atiOn and to establish that the auditor is aware of
that infomation.
The trustees are responsible for the maintenance and integrity of the corporate and financial
infomation included on the charitable company's website. Legislation in the United Kingdom
goveming the preparation and dissemination of ffinancial statements may drffer from
legislation in other jurisdictions.
AUDITORS
A resolution proposing the re-appointment of Myrus Smith as auditors to the company will be
pul to the Annual General Meeting.
This report has been prepared in accordance V￿th the special provisions of Part 15 of the
Companies Act 2006 relating to small companies.
Approved by. the Board of Trustees on 22ThJ December 2022 and signed on its behaw. by..
Stephanie Dickinson
Trustee

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF..
ISLAND ADVICE CENTRE
IA company limited by guarantee)
FOR THE YEAR ENDED 31 MARCH 2022
Opinion
We have audited the financial statements of Island Advice Centre (the '¢harilable company,)
for the year ended 31 March 2022 which comprise the Statement of Finan¢ial Activilies, the
Balan¢e Sheet and notes to the financial statements, including a summary of significant
accounting policies. The financial reporting framework that has been applied in their
preparation is applicable law and United Kingdom Accounting Standards, including Financial
Reporting Standard 102 The Financial Reporting Stsndard applicable in the UK and Republic
of Ireland {United Kingdom Generally Accepted Accounting Practice)
In our opinion the financial statements..
give a true and fair view of the state of Ihe charitable ¢ompany's affair5 as at 31 March
2022. and of its incoming resources and application of resources. induding ils income and
expenditure, for Ihe year then ended,.
have been properly prepared in acwrdance with United Kingdom Generally Accepted
Accounting Practice- and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basls for opinlon
We conducted our audit in accordance with Inlemational Standards on Auditing {UKI {ISAs
IUKI) and applicable law. Our responsibilities under those standards are further described in
the Auditor's responsibilities for the audil of the financial statements section of our report.
We are independent of the charilable company in accordance with the ethical requirements
that are relevant to our audit of the financial statements in the UK, including the FRC'S
Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance wilh
Ihese requirements. We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our opinion.
Conclusions relating to going concem
In auditing the financial statements, we have concluded that the trustees. use of the going
concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed. we have not identified any material uncertainties
relating lo events or conditions that, individually or collectively. may cast significant doubt on
the charitable company's ability to continue as a going concem for a period of at least twelve
months from when the financial statements are aLthorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are
described in the relevant sections of this report-
Other information
The trustees are responsible for the other information. The other infomiation comprises the
information included in the truslees, annual report, other than the financial slatements and
our auditor's report thereon. Our opinion on the financial slalements does not cover the
other information and, except to the extent olhemise explicitly stated in our report, we do not
express any fom of assurance conclusion thereon.

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF:
ISLAND ADVICE CENTRE
(A company limited by guarantee)
FOR THE YEAR ENDED 31 MARCH 2022
In connection with our audit of the financial statements, our responsibilrty is to read the other
information and. in doing so. consider whether the other information is materially inconsistent
with the financial statements or our knowledge oblained in the audit or otherwise appears to
be materially misstated. If we identify such material inconsistencies or apparent material
misstatements, we are required to detemiine whether there is a material misstatement in the
financial statemenls or a material misstatement of the other information. If, based on the
work we have perfomied, we conclude that there is a material misstatement of this other
information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companles Act 2006
In our opinion. based on the work undertaken in the course of the audit-.
the information given in the trustees. report (incorporating ihe directors, report) for the
financial year for which the financial statements are prepared is consistent wtth the
financial statements. and
the directors, report has been prepared in accordanrk with applicable legal
requirements.
Matters on whi¢h we are required to report by exception
In the light of our knowledge and understanding of the charitable company and ils
environment obtained in the course of the audit, we have not identified material
misstatements in the directors, report.
We have nothing to report in respect of the following matters in relation to which the
Companies Act 2006 requires us to ￿pOrt to you rf, in our opinion-.
adequate accounting records have not been kept. or returns adequate for our audit have
nol been received from branches not visrted by us. or
the financial statements are not in agreement with the accounting records and retums. or
certain disclosures of directors, remuneration specified by law are not made,. or
we have not received all the information and explanations we require for our audit., or
the trustees were not entitled to prepare Ihe financial statements in accordance with the
small companies. regime and take advantage of the small companies, exemptions in
prepanng the directors. report and from the requirement to p￿pare a strategi¢ report.
Responsibilities of trustees
As explained more fully in the trustees, responsibilitTres statement (sel out on page 71. the
trustees (who are also the directors of the charitsble ¢ompany for the purposes of company
law) are responsible for the preparation of the financial Statements and for being satisfied
that they give a true and fair view, and for such intemal control as the truslees determine is
necessary to enable the preparation of finanoal statements that are free from material
misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees a￿ responsible for assessing the
charitable company's ability to continue as a going concem, disclosing. as applicable,
matters related to going concern and using the going concem basis of accounting unless the
tnjstees either intend to liquidate the charitable company or lo cease operations, or have no
alisti¢ alternative but to do so.

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF..
ISLAND ADVICE CENTRE
(A company limited by guarantee)
FOR THE YEAR ENDED 31 MARCH 2022
AudIt0￿8 responsibllities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as
a whole are free from material misstatement. whether due to fraud or error, and to issue an
auditorfs report that includes our opinion.
Reasonable assurance is a high level of
assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will
always detect a material misstatemenl when tt exists. Misstatements Gan arise from fraud or
error and are considered material rf, individually or in the aggregate, they could reasonably
be expecled to Influen￿ the economic decisions of users taken on the basis of these
financial statements.
Irregularities, including fraud. are instances of non4omplianrR with laws and regulations. We
design procedures in line with our responsibilities, outlined above. to detect material
misstalements in respect of irregularities, including fraud. The specific procedures for this
engagement and the extent to which our procedures are capable of detecting irregularilies,
including fraud is detailed below:
Enquiry of management and those charged with govemance about actual and
potential litigation or claims and the Klentrfication of non-compliance with law￿ and
regulations.
Reviewing minutes of meetings of those charged with governance.
Reviewing financial slatement disclosures and testing io supporting documentation to
assess Complian￿ with applicable laws and regulations.
Auditing the risk of management override of controls. induding testing joumal entries
and other adjuslmenls for appropriateness. and assessing whether the judgements
made in making accounting eslimates are indicative of a potential bias.
Perfomiing analytical procedures to identify any unusual or unexpected relationships
that may indicate risks of material misstatement due to fraud.
Professional s￿ptiCIsM in course of the audit and with audit sampling in material
audit areas.
Because of the inherent limitations of an audil, there is a risk that we will not detect all
irregularities. including those leading to a material misstatement in the financial statements or
non-compliance with regulation. This risk increases the more that compliance with a law or
regulation is removed from the events and transadions refleded in the financial statements,
as we will be less likely to become aware of instances of non-compliance. The risk is also
greater regarding irregularities occurring due to fraud rather Ihan error. as fraud involves
intentional concealment, forgery. collusion. omission or misrepresenlation.
A further description of our responsibilities for the audit of the financial statements is located
on the Financial Reporting Council's website at.. www.frc.org.uklauditorsresponsibilities. This
description forms part of our auditor's report.
10

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF:
ISLAND ADVICE CENTRE
IA company limited by guarantee)
FOR THE YEAR ENDED 31 MARCH 2022
Use of our report
This report is made solely to the charitable company's mernbers, as a body, in accordance
with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken
sot
at we might state to the charitable company's members those matters we are required
to
tate to them in an auditor's report and for no other purpose. To the fullest extent
mitted by law. we do not accept or assume responsibility to anyone other than the
ritable company and the charitable company's members as a body, for our audit work, for
port, or for the opinions we have fonned.
ch
hen Jones FCA (Senior SL2tutory Auditor)
For
nd on behalf of Myrus Smith
Chartered Accountants arKI Statutory Audrtors
Norman House
8 Bumell Road
Sutton, Surrey
SMI 4BW
22 December 2022
11

ISLAND ADVICE CENTRE
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES
Ilncorp)Fating Income and Expenditure Accounti
FOR THEY&4R ENDED 31 MARCH 2022
Un￿$tric1ed Restncted
Funds .
Funds
Total
2022
Total
2021
Notes
In¢ome from:
Donation$ and legacies
Charitable activities
Investments
10,188
59.058
18
10,188
356.456
18
10.000
441,999
S2
297,398
Total
69.264
297.398
366.662 . 452.051
Expendllure on:
Charitable activits'es
65.298
308.135
373.433
407.613
Total
65.298
308,135
373,433
407,613
Net Incomel(expenditure
3.966
(10.737)
(6.771)
44.438
Transfers betsveen hjnds
14
(1.256)
1.256
Net movement In funds
14
2.710
(9.481)
(6.771)
44.438
Reconciliation of funds:
Total fijnds brought forward
14
116,021
15,521
131,542
87,104
Total funds caTrled forward
14
£118.731
£6.040 £124.771 £131.542
All income and expendiiure derrve from Continuing activiiies.
The Statement of Financ¢al Ac*vitses includes all recogntsed gains and k>sses.
The noles form part of the financial statements.
12

ISLAND ADVICE CENTRE
(A ¢ompany limited by guar•nlee)
(Company No: 03375266)
BAL4NCE SHEET
AS AT 31 MARCH 2022
2022 .
2021
FIXED ASSETS
Tangl1￿e assets
11
CURRENT ASSETS
Deblors
Cash at bank arKI in hand
12
44.774
120,851
29.028
117.590
165.625
146.618
CREDITORS
Amounts falling due within one year
13
40.854
15,076
NET CURRENT ASSETS
124,771
131,542
NET ASSETS
15
£124,771
£131,542
FUNDS
Restricted
Unrestricted
14
14
6,040
118,731
15,521
116,021
14
£124.771
£131.542
The financial State￿￿nts have been prepared in &cordance wtlh the Spe￿al provisions for small
companies under Part 15 of the Companies Act 2006.
The finan¢ial ststemenls were approved by the 8oard of Trustees on 22r￿ December 2022 and signed
on its behalf by..
Stephanie Dickinson
Trustee
The notes fomi part of the financial statements.
13

ISLAND ADVICE CENTRE
IA company limited by guarantee>
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
ACCOUNTING POLICIES
General infomiation and basi5 of accounting
Island Advice Centre is a registered chanty IrK>. 10768571 and a private company (no.
033752661 limited by guaranlee. registered in England and Wales. Each member is liable to
contribute an amount not exceeding £1 in the event of the charitsble company being wound up.
The registered office is given in the Trustees. Annual Report on page 1.
The charity Constitutes a publt benefit entity as defined by FRS 102. The financial statements
have been prepared in a¢eord8nce with Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their accounts in a¢¢ordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 issued in
October 2019, the Financial Reporb"ng Standard applicable in the United Kingdom and Republi¢
of Ireland IFRS 1021. the Charities Acl 2011, the Companies Act 2006 and UK Generally
Accepted Accounting Practi￿.
The financial sl8temenls are prepared on a going concem basis and under the historical cost
convention. The significant accounting policies applied in the preparation of these financial
statements are set out below. These policies have been tknnsistently applied to all years
presented unless otherwise ststed.
Fund accounting
General funds are unrestricted funds which are available for use al the discretion of the
Trustees in lurtheran¢e of the general objectives of the charity and which have not been
designated for olher purposes_
Reslrieled funds are funds which are to be used in accordance with specific restrictions
imposed by donors or which have been raised by the charity for particutar purposes. The costs
of raising and adminislenng such funds are charged against the specific fund.
In¢omiDg resources
Items of income are recognised in the financial statements when all of the following criteria are
mel".
• The charity has entitlement to Ihe fiJnds'.
any performan¢e conditions have been met or are fully within the conliol of the charity,.
there is sufficient certainty that r￿1p1 of the income is considered probable,. and
• the amount Can be measured reliably.
Where grants are awarded over a specified or implied timeframe. the income is recognised
evenly over the grant period. A conlingenl asset is disclosed for the unrecognised amunt of
rnulti-year grants.
Resources expended
Expenditure is recognised once there is a legal or construclive obligation to make paYn￿nI to a
third paty. it is probable that settlement will be required and the amount can be Measured
reliably.
Expenditure is allocated to each acb'vity where the Costs relate direcuy to that activity. Support
costs, including governance cosis. that do not relate directly to any activity are apportioned to
each activity on the basis of staff lime.
14

ISLAND ADVICE CENTRE
IA Company limited by guarantee
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Icontd...
ACCOUNTING POLICIESlcontd...
Fixed a$$ets
Ail assets cosb.ng mre than £1,000 are capilalised. The costs of assets less than £1.000 are
charged to the Statement of Financial Activities in the year of purchase. Depreciation is
charged so a5 to write off the Gosl over the estimated useful life al the following rates..
Computer Equipment
33% slraighl line
Operatlng leases
Rentals appli¢able to operabng leases where substantialty all of the benefits and risks of
ownership remain with the lessor are charged to the SlatenEnt of Financial A¢livrties on a
straight line basis over the period of the lease.
Pensions
The charty operates a defined contribution pension schen*. Contributions payable to the
scheme are charged lo the Statement of Financial Activities in the period to which they relate.
Debtots and Creditors
Debtors and ¢redilors wilh no staled interest rate and receivable or payable within one year are
recorded at transaction pnce. Any losses arising from impairment are recognised in
expenditure.
INCOME FROM DONATIONS AND
LEGACIES
Unrestricted Restricted
Funds
Funds
Total
2022
Total
2021
Donations
10,188
10.188
10,000
£10,188
£Nil
£10.188
£10,000
All of the £10.000 recognised in 2021 related to Un￿strICted fvnds.
INCOME FROM CHARITABLE
ACTIVITIES
unresth.cted Restricted
Funds
Funds
Total
2022
Total
2021
Grants and contracts:
Specialist casework
Advice volunteer training
Generalist advice provision
Peer supp)rt work
157,9)4
60,244
79.250
157.904
72,684
125.868
162,304
83,328
189,117
7.250
12,440
46,618
£59.058
£297.398 £356.456 £441,999
Of the £441,999 recogntsed in 2021, £75.038 related to unrestricted fvnds and £366,961 rel*ed
to reslricled funds.
15

ISLAND ADVICE CENTRE
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Icontd...
INVESTMENT INCOME
Un￿stricted Restricted
Funds
Funds
Total
2022
Total
2021
Bank interest
£18
£Nil
£18
£52
All of the £52 recognised in 2021 was unrestricted fvnds.
EXPENDITURE ON CHARITABLE
ACTIVITIES
Direct
Costs
Supporl
Costs
Total
2022
Total
2021
Stsff costs
Dire¢t project costs
Subscriptions and insurance
Slalionery and postage
Payroll se(vi￿S
Premises costs
Publications
Computer expenses
Volunteers. expenses
Staff and volunteer training and recwitmenl
Sundry expenses
Telephone and internet
Travelling costs
Professional fees
NVQ assessor5 fees
Governance cost$ Inole 7)
252.531
6.981
54,893
307.424
6,981
1,998
5,289
665
19.803
336,321
1,920
4,616
3,829
710
17.447
150
16.087
311
1.754
204
7,095
112
5.599
6,30S
5.153
1,998
5,289
665
19.803
315
2.190
315
5.527
20
9.021
3.337
20
4.155
6.288
6,288
5.758
4.344
5,758
£272,641
£100,792 £373,433 £407.613
Of the £407.613 expenditu￿ recognised in 2021. £56.173 was charged to unrestn.cted fvnds
and £351,440 was charged to restricted funds.
ANALYSIS OF DIRECT AND SUPPORT
COSTS BY ACTIVITY
Direct
Costs
Support
Costs
Total
2022
Total
2021
Specialist casework
Advice volunteer training
Generalist advice proviS￿n
Peer support work
104,810
65,329
102,502
52,443
10.474
37.875
157,253
75,803
140.377
157.049
80.029
159,496
11,039
£272,641 £100,792 £373,433 £407,613
16

ISLAND ADVICE CENTRE
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022..
.Icontd."
GOVERNANCE COSTS '
2022
2021
Staff costs
Audit fees
2,204
2.140
2.873
2.280
£4.344
£5,153
NEf INCOMEIIEXPENDITURE) .
2022
2021
The net expenditure for the year is stated after charging:
Auditor's remunerati¢)n
Operating lease rentals
£2,140
£14,620
£2,280
£11,969
STAFF COSTS
2022
2021
Wages and salaries
Social security
Pension costs
Redundancy costs
269.957
19.335
20.336
292.431
21.902
21.642
3,219
£309.628 £339,194
2022
No.
2021
No.
Average nLrmber of fvll-time equr¥alent emptoyees
2022
No.
2021
Average monthty number of empbyees
10
11
No employee ￿ceiVed total employee beneffts (excluding employer pension costs) amounting
to mre than £60.000 in ether year.
Total employee benefrts received by Key Management amounted to £44,08412021 .. £S7,463).
Under FRS 102. empl¢)yee benefits incudes gross salary. employels NIC and employer's
pension contributions.
17

ISLAND ADVICE CENTRE
IA company Ilmited by guaranteel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 WCH 2022
Icontd...
10. TRUSTEES, REMUNERATION AND EXPENSES
The Trustees received no remuneration or reimbursed expenses in 2022 or 2021.
There were no related paty transactions in either year other than the Key Management
empkjyee benefits disclosed in Note 9.
11. TANGIBLE FIXED ASSETS
Computer
equipment
Cosl
As al 1 April 2021 and at 31 March 2022
7.612
Depreclation
As at 1 April 2021 and at 31 March 2022
7,612
Net book valuè
As at 31 March 2022
£Nil
As at 31 March 2021
£Nil
12. DEBTORS
2022
2021
Prepayments and accrued income
£44.774
£29,028
13. CREDITORS- Amounts falling due wf(hin one year
2022
2021
Accruals and deferred income
So¢ial security and other taxes
32,322
8,532
8,688
6,388
£40,854
£15.076
DEFERRED INCOME ANALYSIS
2022
2021
As at 1 April
Additions dunng the year
23,750
As at 31 March
£23,750
£Nil
Deferred income of £23,750 (2021 £Nill included at#)ve ￿aleS lo grant income received
during the year but relatin9 to fvtU￿ accounting periods.
18

ISLAND ADVICE CENTRE
IA Company limited by guarantee)
- NOTES TO ThE FINANCIAL STATEMENTS
. FOR THE YB4R ENDED 31 MARCH 2022
14. MOVEMENT IN FUNDS.
. Transfers
betsveen
funds
Brought
forward
Carried.
fonward
2022
Inco
Expenditu
Restrfcted Funds
Specialist casework
Advi￿ volunteer training
Generalist advice provision
5.259
2.100
8.162
157.904
60.244
79.250
157.253
62.214
88.668
5.910
130
1.256
Total restrleted Funds
15.521
297,398
308,135
1,256
6.040
Unrestricted Funds
Gener
116.021
69.264
65.298
(1.256) 118.731
TOTAL FUNDS
£131,542 £366,e62
£373,433
£Nil £124,771
Each of the above funds is descsibed in the Trustees. Annual Report
Comparative information for the net rrthieff￿nt in funds in the previous year is as follows:
Transfers
belween
fijnds
Brought
forward IncoTh
Carried
forward
2021
Expenditure
Restrlcled Fund$
Specralist casework
Advice volunteer training
Generalist advice provisi¢)n
162.304
69,328
135.329
157.045
67.228
127.167
5.259
2.100
8.162
Total restricted Funds
366.%1
351.440
15,521
Unrestrlcted Funds
General
87,104
85,0
56.173
116.021
TOTAL FUNDS
£87.104 £452.051
£407,613
£Nil £131.542
19

ISLAND ADVICE CENTRE
(A company Ilmited by guarantee)
NOTES.TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
. Icontd...
15.
ANALYSIS OF NET ASSETS
BETWEEN FUNDS
Unrestricted
Funds
2022
Restrthd
Funds
2022
Total
Funds
2022
2022
Current assets
Current liabilities
135.835
(17,104)
29.790
(23,750)
165,625
140,8541
As * 31 March 2022
£118.731
£124,771
Comparative infomiation for the anaty￿S of net a55ets belween funds in the prevwJu5 year is as
follows..
Unrestricied Restricted
Funds
Funds
2021
2021
Total
Funds
2021
2021
Current assets
Current liabilities
131.097
115.076)
15.S21
146,618
(15.076)
As at 31 March 2021
£116.021
£15,521
£131.542
16.
TAXATION
As a re9lStered chanty. Island Advice Centre is exempt from taxats'on under Part 11 of.the
Corporation Tax Act 2010 and Section 256 of ihe Taxation of Chargeable Gains Act 1992.
17.
COMMITMENTS
The total minimum lease payments due under non-cancellable operating leases are as follows..
2022
2021
Wrthin one year
IAfjthin two and fve years
7.970
3.142
7,970
4,713
£11,112
£12,683
18.
CONTINGENT ASSETS
The charity has teen awarded several muSti-year grants wrth ￿rfOrn￿nce-reSated conditions or
specifiedlimplied timeframes wh￿h preclude recoJnition of the fvll amount. The following
contingent assets as at 31 Marth 2022 are theretse disclosed:
London Borough of Tower Harnlets
City Bridge Trust
Easl End CAB Partnership
50.OCN)
25.6QYJ
{Trainee advice projecti
{Welfare benefits advice)
{Generalist welfare and debt advice)
£169.946
20