||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|||||
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||||||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|
##
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||||||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|
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|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||
##
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||||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|
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|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|
##
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##
||||||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|
##
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##
|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||
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