| Page | ||
|---|---|---|
| Reference and Administrative Details |
||
| Report ofthe Trustees | 2 to | 11 |
| Report ofthe Independent Auditors |
12 to | 15 |
| Statement ofFinancial Activities | 16 | |
| Statement of Financial Position | 17 to | 18 |
| Statement ofCash Flows | 19 | |
| Notes tothe Statement ofCash Flows | 20 | |
| Notes to the Financial Statements | 21 to | 33 |
| TRUSTEES | RJWestergreen-Thorne | RJWestergreen-Thorne | (Chair) | (Chair) | |
|---|---|---|---|---|---|
| A Edwards | |||||
| A0 Egunjobi | |||||
| M Parry | |||||
| TWade (Vice Chair) | |||||
| K G Grix | |||||
| M Downing (Representative |
Trustee) | ||||
| J Hurley (appointed | 22/8/22) | ||||
| J Lyons (appointed | 22/8/22) | ||||
| REGISTERED OFFICE | Sixth Floor | ||||
| Daneshill House |
|||||
| Danestrete | |||||
| Stevenage | |||||
| Hertfordshire | |||||
| SG11HN | |||||
| REGISTERED COMPANY NUMBER | 03836106(England | and | Wales) | ||
| REGISTERED CHARITY NUMBER | 1077414 | ||||
| AUDITORS | Menzies LLP |
||||
| Chartered Accountants |
and | Statutory | Auditors | ||
| Richmond House |
|||||
| Walkern Road |
|||||
| Stevenage | |||||
| Hertfordshire | |||||
| 5613QP | |||||
| CHIEF EXECUTIVE OFFICER | C Blizzard-Welch |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| Notes | E | E | E | E | ||
| INCOME AND ENDOWMENTS | FROM | |||||
| Donations and legacies | 14,163 | 14'163 | 2,523 | |||
| Charitable activities |
||||||
| Direct charitable income |
208,006 | 624,246 | 832,252 | 750,193 | ||
| Investment income |
4 | 3,730 | 3,730 | 2,347 | ||
| Other income | 6 | 18,884 | - 17,899 | 36,783 | 10,942 | |
| Total | 244,783 | 642,145 | 886,928 | 766,005 | ||
| EXPENDITURE ON | ||||||
| Charitable activities |
||||||
| Direct charitable expenditure |
204,938 | 651,960 | 856,898 | 734,434 | ||
| NET INCOME/(EXPENDITURE) | 39,845 | (9,815) | 30,030 | 31,571 | ||
| RECONCILIATION OF FUNDS |
||||||
| Total funds brought forward |
417,346 | 23,660 | 441,006 | 409,435 | ||
| TOTAL FUNDS CARRIED FORWARD | 457,191 | 13,845 | 471,036 | 441,006 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | E | E | E | E | |
| FIXEDASSETS | |||||
| Tangible assets | 14 | 2,773 | |||
| CURRENT ASSETS | |||||
| Debtors | 15 | 80,955 | 80,955 | 8,921 | |
| Cash at bank | 453,059 | 115,898 | 568,957 | 493,777 | |
| 534,014 | 115p898 | 649,912 | 502,698 | ||
| CREDITORS | |||||
| Amounts falling due within one year |
16 | (76,823) | (102,053) | (178,876) | (64,465) |
| NET CURRENT ASSETS | 457,191 | 13,845 | 471,036 | 438,233 | |
| TOTAL ASSETS LESSCURRENT LIABILITIES | 457,191 | 13,845 | 471,036 | 441,006 | |
| NET ASSETS | 457,191 | 13,845 | 471,036 | 441,006 | |
| FUNDS | 17 | ||||
| Unrestricted funds |
457,191 | 417,346 | |||
| Restricted funds | 13,845 | 23,660 | |||
| TOTAL FUNDS | 471,036 | 441,006 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Notes | E | E | ||||
| Cash flows from | operating | activities | ||||
| Cash generated from operations |
71'450 | (153,317) | ||||
| Net cash provided | by/(used | in) operating | activities | 71'450 | (153,317) | |
| Cash flows from | investing | activities | ||||
| Interest received | 3,730 | 2,347 | ||||
| Net cash provided | by investing activities |
3,730 | 2,347 | |||
| Change in cash and cash equivalents |
in the | |||||
| reporting period |
75,180 | (150,970) | ||||
| Cash and cash equivalents | at the | |||||
| beginning ofthe |
reporting | period | 493,777 | 644,747 | ||
| Cash and cash equivalents | at the end | of | ||||
| the reporting period |
568,957 | 493,777 |
| RECONCILIATION | OF NET INCOME TO NET CASH FLOW FROM OPERATING | OF NET INCOME TO NET CASH FLOW FROM OPERATING | OF NET INCOME TO NET CASH FLOW FROM OPERATING | ACTIVITIES | |
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| E | f | ||||
| Net income for the reporting | period (as per the Statement of Financial | ||||
| Activities) | 30,030 | 31,571 | |||
| Adjustments for: |
|||||
| Depreciation charges |
2,773 | 6,312 | |||
| Interest received | (3,730) | (2,347) | |||
| (Increase)/decrease | in debtors | (72,034) | 319 | ||
| Increase/(decrease) | in creditors | 114,411 | (189,172) | ||
| Net cash provided | by/(used | in) operations | 71,450 | (153,317) | |
| ANALYSIS OF CHANGES | IN NET FUNDS | ||||
| at 1/4/22 | Cash flow | At 31/3/23 | |||
| E | E | E | |||
| Net cash | |||||
| Cash at bank | 493,777 | 75,180 | 568,957 | ||
| 493,777 | 75,180 | 568,957 | |||
| Total | 493,777 | 75,180 | 568,957 |
| Pension costs and other | Pension costs and other | Pension costs and other | post-retirement | post-retirement | post-retirement | benefits | benefits | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| The charitable | company | operates | a defined | contribution | pension | scheme. | Contributions | payable to |
the | ||||
| charitable company's |
pension | scheme | are charged to the | Statement | of Financial | Activities | in the period | to | |||||
| which they relate. | |||||||||||||
| DONATIONS AND LEGACIES |
|||||||||||||
| 2023 | 2022 | ||||||||||||
| E | f | ||||||||||||
| Donations and gifts |
14,163 | 2,523 | |||||||||||
| INVESTMENT INCOME | |||||||||||||
| 2023 | 2022 | ||||||||||||
| f | E | ||||||||||||
| Deposit account | interest | 3,730 | 2,347 | ||||||||||
| INCOME FROM | CHARITABLE | ACTIVITIES | |||||||||||
| 2023 | 2022 | ||||||||||||
| Activity | E | f | |||||||||||
| Grants | Direct charitable | income | 832,252 | 750,193 | |||||||||
| Grants received, | included | in the above, | are as | follows: | |||||||||
| 2023 | 2022 | ||||||||||||
| E | f | ||||||||||||
| Herts County Council | 9,942 | ||||||||||||
| Herts Crisis Intervention | 145,371 | 132,184 | |||||||||||
| Family Advisor | 20,762 | 27,060 | |||||||||||
| Other Projects | 3,166 | ||||||||||||
| Henry Smith | 60,000 | 64,664 | |||||||||||
| Gamble Aware | 7,997 | ||||||||||||
| Seams | 36,425 | ||||||||||||
| Help To Claim | 144,144 | 55,890 | |||||||||||
| Census | 5,194 | ||||||||||||
| Family Centres | 6,906 | ||||||||||||
| Carried forward | 380p219 | 339,486 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| f | f | |||
| Brought forward | 380,219 | 339,486 | ||
| Money and Pension Service | 32,813 | |||
| Pension Wise | 113,100 | 109,544 | ||
| Stevenage Borough Council - Housing Debt Advice |
30,092 | 29,500 | ||
| Stevenage Borough Council- Core |
174,664 | 152,705 | ||
| Court Worker | 25,500 | 22,916 | ||
| Employment Pilot |
23,400 | 27,050 | ||
| Single Queue | 10,000 | |||
| Legal Aid Agency | 7,479 | |||
| VCSE HPB | 22,983 | 7,500 | ||
| Helping More People Together | 11,200 | |||
| COL Adviser | 15,875 | |||
| Awards For All |
13,000 | |||
| BLC Law Student | 14,873 | |||
| Herts Comm No | 1 | 5,000 | ||
| Out Of Hours Advice | 13,546 | |||
| 832,252 | 750,193 | |||
| OTHER INCOME | ||||
| 2023 | 2022 | |||
| f | f | |||
| Miscellaneous income |
36,783 | 10,942 | ||
| CHARITABLE ACTIVITIES COSTS | ||||
| Direct | Support | |||
| Costs (see | costs (see | |||
| note 8) f |
note 9) f |
Totals f |
||
| Direct charitable | expenditure | 843,537 | 13,361 | 856,898 |
| DIRECT | COST | S O | F | CHAR | IT | ABLE ACTIVITIES | ||
|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||||
| E | f | |||||||
| Staff costs | 678,479 | 592,426 | ||||||
| Staff and | volunteer | costs | 21,388 | 10,903 | ||||
| Office costs | 111,406 | 98,967 | ||||||
| Premises | costs | 1,089 | 1,870 | |||||
| Other costs | 28,402 | 7,607 | ||||||
| Depreciation | 2,773 | 6,312 | ||||||
| 843,537 | 718,085 | |||||||
| SUPPORT COSTS | ||||||||
| Other | ||||||||
| f | ||||||||
| Direct charitable | expenditure | 13,361 | ||||||
| Support | costs, included | in | the above, are as follows: | |||||
| Other | ||||||||
| 2023 | 2022 | |||||||
| Direct | ||||||||
| chantable | Total | |||||||
| expenditure | activities | |||||||
| E | E | |||||||
| Support | costs | 13,361 | 16,349 | |||||
| NET INCOME/(EXPENDITURE) | ||||||||
| Net income/(expenditure) | is stated after charging/(crediting): | |||||||
| 2023 | 2022 | |||||||
| E | E | |||||||
| Depreciation | —owned assets | 2,773 | 6,312 | |||||
| Auditors | remuneration | 3,540 | 3,033 |
| STAFF COSTS | |||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| 6 | f | ||||
| Wages and salaries | 598,526 | 527,598 | |||
| Social security costs | 52,198 | 41,475 | |||
| Other pension costs | 27,755 | 23,353 | |||
| 678,479 | 592,426 | ||||
| The average | monthly | number of employees | during the year was as follows: | ||
| 2023 | 2022 | ||||
| Advice and information | 22 | 21 | |||
| Administration | and support | 8 | 8 | ||
| 30 | 29 |
| COMPARA | TIVES FOR THE STA |
TEMENT OF FINANCIA | L ACTIVITIES | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| E | E | E | |||
| INCOME AND ENDOWMENTS | FROM | ||||
| Donations | and legacies | 2,523 | 2,523 | ||
| Charitable | activities | ||||
| Direct charitable income |
230,816 | 519,377 | 750,193 | ||
| Investment | income | 2,347 | 2,347 | ||
| Other income | 10,942 | 10,942 | |||
| Total | 246,628 | 519,377 | 766,005 |
| 13. | COMPARATIVES | FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| 6 | f | E | |||
| Charitable activities |
|||||
| Direct charitable | expenditure | 221,329 | 513,105 | 734,434 | |
| NET INCOME | 25,299 | 6,272 | 31,571 | ||
| RECONCILIATION | OF FUNDS | ||||
| Total funds brought forward | 392,047 | 17,388 | 409,435 | ||
| TOTAL FUNDS CARRIED FORWARD | 417,346 | 23,660 | 441,006 | ||
| 14. | TANGIBLE FIXED | ASSETS | |||
| Fixtures | |||||
| and | |||||
| fittings | |||||
| E | |||||
| COST | |||||
| At 1st April 2022 | and 31st March 2023 | 162,654 | |||
| DEPRECIATION | |||||
| At 1st April 2022 | 159,881 | ||||
| Charge for year | 2,773 | ||||
| At 31st March 2023 | 162,654 | ||||
| NET BOOK VALUE | |||||
| At 31st March 2023 | |||||
| At 31st March 2022 | 2,773 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| E | f | |||||
| Trade debtors | 61,524 | 412 | ||||
| Prepayments and accrued |
income | 19,431 | 8,509 | |||
| 80,955 | 8,921 | |||||
| CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||||
| 2023 | 2022 | |||||
| E | f | |||||
| Trade creditors | 25,976 | 72 | ||||
| Social security and other | taxes | 15,831 | 12,434 | |||
| Other creditors | 5,244 | |||||
| Accruals and deferred | income | 131,825 | 51,959 | |||
| 178,876 | 64,465 | |||||
| Deferred income included | above relates to grants received | in respect ofa future | financial period. | |||
| MOVEMENT IN FUNDS |
||||||
| Net | ||||||
| movement | At | |||||
| At 1/4/22 | in funds | 31/3/23 | ||||
| f | f | E | ||||
| Unrestricted funds |
||||||
| Asset Replacement Fund |
20,440 | 20,440 | ||||
| Redundancy Fund |
15,000 | 15,000 | ||||
| Digital and Redevelopment | Fund | 126,299 | 126,299 | |||
| Generalfund | 255,607 | 39,845 | 295,452 | |||
| 417,346 | 39,845 | 457,191 | ||||
| Restricted funds | ||||||
| Court Desk | 230 | 230 | ||||
| Pension Wise | 10,306 | (7,298) | 3,008 | |||
| Family Advisor | 9,675 | (9,675) | ||||
| Henry Smith | 1,832 | 1,832 | ||||
| Money and Pensions Service | 3,679 | 3,679 | ||||
| COL Adviser | 764 | 764 | ||||
| VCFSE Alliance | 4,259 | 4,259 | ||||
| Herts Comm No 1 | 73 | 73 | ||||
| 23,660 | (9,815) | 13,845 | ||||
| TOTAL FUNDS | 441,006 | 30,030 | 471,036 |
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| E | E | E | |
| Unrestricted funds |
|||
| General fund | 244,783 | (204,938) | 39,845 |
| Restricted funds | |||
| Court Desk | 25,500 | (25,270) | 230 |
| Pension Wise | 113,100 | (120,398) | (7,298) |
| Family Advisor | 20,762 | (30,437) | (9,675) |
| Herts Crisis Intervention | 163,270 | (163,270) | |
| Stevenage Borough Council- Housing |
|||
| Debt Advice | 30,092 | (30,092) | |
| Help To Claim | 174,144 | (174,144) | |
| Henry Smith | 30,000 | (28,168) | 1,832 |
| COLAdviser | 15,875 | (15,111) | 764 |
| VCFSEAlliance | 22,983 | (18,724) | 4,259 |
| Awards For All |
13,000 | (13,000) | |
| BLCLaw Student | 14,873 | (14,873) | |
| Herts Comm No 1 | 5,000 | (4,927) | 73 |
| Out Of Hours Advice | 13,546 | (13,546) | |
| 642,145 | (651,960) | (9,815) | |
| TOTAL FUNDS | 886,928 | (856,898) | 30,030 |
| Net | |||||
|---|---|---|---|---|---|
| movement | At | ||||
| At 1/4/21 | in funds | 31/3/22 | |||
| E | E | f | |||
| Unrestricted funds |
|||||
| Asset Replacement | Fund | 58,440 | (38,000) | 20,440 | |
| Redundancy Fund |
22,000 | (7,000) | 15,000 | ||
| Digital and Redevelopment | Fund | 56,000 | 70,299 | 126,299 | |
| General fund | 255,607 | 255,607 | |||
| 392,047 | 25,299 | 417,346 | |||
| Restricted funds | |||||
| Pension Wise | 12,327 | (2,021) | 10,306 | ||
| Family Advisor | 2,561 | 7,114 | 9,675 | ||
| Gamble Aware | 2,500 | (2,500) | |||
| Money and Pensions | Service | 3,679 | 3,679 | ||
| 17,388 | 6,272 | 23,660 | |||
| TOTAL FUNDS | 409,435 | 31,571 | 441,006 |
| Incoming | Resources | Movement | |||
|---|---|---|---|---|---|
| resources | expended | in funds | |||
| E | E | f | |||
| Unrestricted funds |
|||||
| Asset Replacement | Fund | (38,000) | (38,000) | ||
| Redundancy Fund |
(7,000) | (7,000) | |||
| Digital and Redevelopment | Fund | 70,299 | 70,299 | ||
| General fund | 246,628 | (246,628) | |||
| 246,628 | (221,329) | 25,299 | |||
| Restricted funds | |||||
| Pension Wise | 109,544 | (111,565) | (2,021) | ||
| Family Advisor | 27,060 | (19,946) | 7,114 | ||
| Herts Crisis Intervention | 132,184 | (132,184) | |||
| Stevenage Borough |
Council | - Housing | |||
| Debt Advice | 29,500 | (29,500) | |||
| Help To Claim | 55,890 | (55,890) | |||
| Gamble Aware | 7,997 | (10,497) | (2,500) | ||
| Henry Smith | 64,664 | (64,664) | |||
| Seams | 36,425 | (36,425) | |||
| Census | 5,194 | (5,194) | |||
| Family Centres | 6,906 | (6,906) | |||
| Helping More People Together | 11,200 | (11,200) | |||
| Money and Pensions | Service | 32,813 | (29,134) | 3,679 | |
| 519,377 | (513,105) | 6,272 | |||
| TOTAL FUNDS | 766,005 | (734,434) | 31,571 |
| 20. | PURPOSE OF FUNDS | PURPOSE OF FUNDS | ||
|---|---|---|---|---|
| Fund | Purpose | |||
| Stevenage Borough Council |
Providing holistic advice services tothe population ofStevenage, |
|||
| Core Service | researching and campaigning on issues and providing voluntary |
|||
| opportunities | ||||
| Stevenage Borough Council |
Court desk representation and homelessness prevention advice |
|||
| Court Desk Worker | ||||
| Stevenage Borough Council |
To provide advice and casework for tenants ofStevenage Borough |
|||
| Housing Debt |
Advice | Council | ||
| Follett Trust Family Advisor | Providing specialist family and relationship advice |
|||
| Hertfordshire | Crisis | Interventions for people who are at crisis point with timely and |
effective | |
| Intervention | support to meet both their immediate needs and to help build |
their | ||
| resilience to prevent the crisis in the future | ||||
| Pension Wise | Delivery offaceto face pension guidance sessions to empower |
|||
| customers in their pension choices |
||||
| Henry Smith | Specialist debt advice funded by Henry Smith Foundation |
|||
| Seams | Seams Awareness and Prevention Service funded by the Police |
and | ||
| Crime Commissioner | ||||
| Gamble Aware | Specialist Gambling Support and Awareness Service for the Eastern |
|||
| Region funded by GambleAware |
||||
| Help To Claim | "Help to Claim" service forthose who need help to apply for Universal | |||
| Credit. Providing support to submit their first Universal Credit |
||||
| application up until the Erst payment. Help will be tailored to the |
||||
| individual and is available face-to-face, over the phone and online. |
||||
| Helping More | People | Enable local offices to increase their capacity to deliver, in light |
ofthe | |
| Together | increased demand for advice across all channels caused by COVID-19. |
|||
| Family Centres | Advice provided to families registered with the family centres, |
funded | ||
| by Barnardo's | ||||
| Tampon Tax | Domestic abuse advice funded by the Tampon Tax Community |
Grant | ||
| programme | ||||
| Big Lottery | Project to improve the accessibility ofservices through digitalisation |
|||
| funded by the National Lottery Community Fund |
||||
| MaPS | Debt advice project funded by the Money and Pensions Service |