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2022-03-31-accounts

Epsom & Ewell Citizens Advice Bureau Financial Accounts for the year ended 31 March 2022

1

Contents

Contents
Page
Financial Statements
Financial Review 3-5
Independent Examiner’s Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9-19
Charity Information: Legal & Administrative Details 20

2

Financial Review

Financial Performance and Position

The Financial Statements set out later in this report show the financial results for the year.

Overall the charity’s funds increased during the year by £769, the combined result of surpluses and deficits across unrestricted and restricted funds.

The results for the year for the general fund was a surplus of £4,097 (surplus of £22,746 in 2020/21). In 2021/22 income was 2% higher than 2020/21. The higher level of income in both of the last two financial years has been due to the receipt of a number of grants to support us through the COVID19 pandemic. We received grants towards the purchase of IT equipment and to aid the move to remote working; and investment in projects in anticipation of increased demand for our services going forward. Costs increased by 8% as a result of spending against these additional funds.

With regard to restricted funds the result for the year was a deficit of £3,328 (2020/21: deficit of £1,103). The charity seeks to recover its costs fully and is striving to attract funding that ensures full cost recovery of project costs.

Principal Risks

In 2020/21 we provided a telephone, email and webchat service only due to the COVID-19 pandemic. As circumstances slowly improved in 2021/22 we implemented a hybrid operating model with limited face to face appointments for our most vulnerable clients and are gradually reintroducing drop in appointments. We are fortunate in that we have confirmed funding from all of our partners for the 2022/23 financial year. However all of the COVID-19 related grants were one-off funds, not long term income streams. The impact of the pandemic and now the cost of living crisis will be felt both by our clients and our funders & donors. It is unclear in the longer term what this will mean for us, both in terms of the demand for our services and the scope for attracting additional funding, however we continue to work closely, and monitor the situation, with our partners.

Even prior to these unprecedented circumstances, there was continuous pressure on our existing funding partners, primarily Epsom and Ewell Borough Council, Rosebery Housing Association and the NHS, to make savings and maximise the return on their spending. Our reliance on these key partners for the bulk of our funding clearly remains a key risk.

To minimise these risks to its long-term sustainability the bureau is implementing a strategy that focuses on:

We have exit strategies in place for all ongoing funded projects.

Our other key risk is the risk of non-compliance with data protection regulations. We hold sensitive client data and its security is extremely important to us. We follow National Citizens Advice guidelines and procedures to ensure data is kept safe and any risks of breach are mitigated. In particular we:

3

The bureau’s financial position at the end of the year was sound. Its financial health monitoring assessment indicate that risk of defaulting on its financial commitments is low and that its reserves were well managed during the year.

Reserves Policy

The Trustees review the reserves and the reserve policy on a regular basis. At the end of 2021/22 the charity’s reserves consist of: Unrestricted funds, Designated funds and Restricted funds. The definitions of these funds are set out on page 16. Details of the reserves are shown in the balance sheet on page 8. Following the review of the reserves policy during the year, the Trustees decided to set an unrestricted reserves level of £72,000 to £116,000; the equivalent of 3-5 months’ budgeted operating expenditure, in line with National Citizens Advice policy and requirements.

In arriving at this reserve level, Trustees considered the financial risks facing the charity and the cost of running the organisation to ensure that enough reserves would be available to:

At the end of the financial year, the balance of unrestricted reserves was £112,542 (2021: £111,360).

Investment Policy and Objectives

During the year, there was no change to the Board policy that a minimum of two months’ cash operating costs should be held at instant access and the remainder of the funds which are not immediately required for operational purposes should be held on deposit in UK based accounts.

The Finance Committee periodically reviews the deposit account arrangements having regard to the best available market rates of interest, flexibility, accessibility and risk. The latest periodic review has reaffirmed that our existing banking providers are offering very competitive rates.

Funding Sources

The charity’s sources of funding during the year included the following.

We also raised some funds through donations and various fundraising activities, although the potential for such activities remained severely restricted this year.

We are very grateful to all funders and donors, without whom we would not be able to deliver our service.

4

Statement of Directors’ responsibilities

The Directors (who are also trustees of Epsom and Ewell Citizens Advice Bureau for the purposes of charity law) are responsible for preparing the Trustees’ 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 prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006.

They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Independent Examiners

H.G Field & Co who were appointed as our independent examiners on 6 March 2018, resigned at the end of the 2020/21 financial year and Longmeade Consult Ltd were appointed as their replacement for the 2021/22 financial year on 17 May 2022.

Approved by the Board of Trustees on 20 September 2022 and signed on behalf of the Board:

Peter Edwards Chair

5

EPSOM AND EWELL CITIZENS ADVICE BUREAU INDEPENDENT EXAMINERS' REPORT TO THE MEMBERS OF EPSOM AND EWELL CITIZENS ADVICE BUREAU

I report to the charity trustees on my examination of the accounts of the charitable company for the year ended 31 March 2022

Responsibilities and basis of report

As the charity’s trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since the charitable company’s gross income exceeded £250,000, your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Olayinka Tomori ACA DChA

Longmeade Consult Ltd Regus House Victory Way, Admiral’s Park Kent, DA2 6QD

20 September 2022

6

Epsom & Ewell Citizens Advice Bureau Statement of Financial Activities for the year ended 31 March 2022

INCOME & EXPENDITURE ACCOUNT
Total
Unrestricted
Restricted
funds
Total funds
Note funds funds 2022 2021
£
£
£
£
Income from:
Donations 2 2,677
-
2,677
638
Charitable activities 3 159,692
171,674
331,366
330,327
Other(including fundraising) 4 4,959
-
4,959		 2,802
Total Income 167,328
171,674		 339,002
333,767
Expenditure on:
Raisingfunds 5 8,150
-
8,150
5,073
Charitable activities 5 146,596
183,487
330,083
307,051
Total Expenditure 154,746
183,487		 338,233
312,124
Net income/(expenditure) for the
year 12,582
(11,813)		 769
21,643
Transfer between funds 13 (8,485) 8,485
-
-
Net movement in funds 4,097
(3,328)		 769 21,643
Reconciliation of funds:
Balances brought forward 2021 13 111,360
8,516
119,876
98,233
Balances carried forward 2022 13 115,457
5,188
120,645
119,876

There are no recognised gains or losses in the above two financial years other than those included in the Statement of Financial Activities. All activities derive from continuing operations.

The notes on pages 9 to 19 form part of these financial statements.

Full comparative figures for the year ended 31 March 2021 are shown in note 14.

7

Epsom & Ewell Citizens Advice Bureau Balance Sheet as at 31 March 2022

Total
Unrestricted
Restricted
funds
Total funds
Note funds funds 2022 2021
£
£
£
£
Tangible Fixed Assets
Computer Equipment 8 -
-
-
-
Current Assets
Debtors 9 2,719
3,843
6,562
1,435
Cash at bank and in hand 184,919
22,604
207,523
178,292
187,638
26,447
214,085
179,727
Creditors – amounts falling due within
oneyear 10 (72,181) (21,259) (93,440) (59,851)
Net Current Assets 115,457
5,188
120,645
119,876
Net Assets 115,457
5,188
120,645
119,876
Represented by:
Funds of the Charity
General Funds 13 112,542
-
112,542
111,360
Designated Funds 13 2,915
-
2,915
-
Restricted Funds 13 -
5,188
5,188
8,516
115,457
5,188
120,645
119,876
Company Number 04079521

For the year ended 31[st] March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with FRS102 SORP

The financial statements on pages 7 to 19 were approved by the Board of trustees and authorised for issue on 20 September 2022 and are signed on its behalf by:

Peter Edwards, Chair Patrick O’Driscoll, Treasurer Trustee Trustee

8

Epsom & Ewell Citizens Advice Bureau Notes to the financial statements for the year ended 31 March 2022

Accounting policies

Basis of preparation

Epsom and Ewell Citizens Advice Bureau (also known as Citizens Advice Epsom & Ewell) is a charity limited by guarantee in the United Kingdom. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity information on page 20 of this Report and Accounts.

The nature of the charity’s operations and principal activities are in providing advice and counselling to the general public. The charity constitutes a public benefit entity as defined by FRS 102.

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Second Edition issued in January 2019), (the Charities SORP (FRS102), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice.

Our financial position has been thoroughly reviewed in the light of the impact of the COVID-19 Pandemic, including forecasting income, expenditure and cashflow and access to available unrestricted funds. We have confirmed funding from all of our key partners for the 2022/23 financial year. The Trustees consider there are no material uncertainties about the Charity's ability to continue as a going concern for a period in excess of 12 months from the approval date of these accounts.

The financial statements are prepared under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the charity.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Income

All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

No amount is included in the financial statements for volunteer time in line with FRS 102.

Voluntary income by way of grants, donations and gifts is included in full in the Statement of Financial Activities when receivable and when the amounts are known with certainty and are measurable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charitable company, are recognised when it becomes unconditionally entitled to the grant.

Donated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably and the charity has control over the item. Fair value is determined on the basis of the value of the gift to the charity. For example the amount the charity would be willing to pay in the open market for such facilities and services. A corresponding amount is recognised in expenditure.

Grants, where related to performance and specific deliverables, are accounted for as the charitable company earns the right to consideration by its performance. Where income is received in advance of performance it is treated as deferred income and included within creditors.

9

Expenditure

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.

Charitable expenditure comprises those costs incurred by the charitable company in the delivery of its activities and services for its beneficiaries.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charitable company and include independent examiner fees and costs linked to the strategic management of the charitable company.

All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity comprise both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Fund accounting

Restricted funds

Restricted funds represent grants and donations received which are subject to restrictions on their expenditure imposed by the donor or through the terms of an appeal. The aim and use of each restricted fund is set out in the notes to the financial statements.

Unrestricted funds

Unrestricted funds represent funds that are expendable at the discretion of the trustees in the furtherance of the objects of the charitable company. Such funds may be held in order to finance both working capital and capital investment.

Designated funds are those funds which are unrestricted in nature but which have been designated by the trustees to be used in a particular manner.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Fixed assets are capitalised if their value is over £2,000.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Recognition of liabilities

Liabilities are recognised when an obligation arises to transfer economic benefits as a result of past transactions or events.

10

Employee benefits

When employees have rendered service to the charity, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in for that service.

A pension scheme for employees is operated on a defined contributions basis. Contributions are expensed as they become payable.

VAT

Expenditure included in the accounts includes VAT as the bureau does not recover VAT. Irrecoverable VAT is included within the relevant costs in the Statement of Financial Activities.

Tax

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.

Leases

Rentals payable and receivable under operating leases are charged to the SOFA on a straight line basis over the period of the lease. However, there have been no such costs in 2021/22.

Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

2
Donations
Total
Total
Unrestricted
Restricted
2022
2021
£
£
£
£
Voluntary income
Citizens Advice Surrey 1,158
-
1,158
-
Other donations(including gift aid) 1,519
-
1,519
638
2,677
-
2,677
638
2021 638
-
638

11

3 Charitable Activities

3
Charitable Activities
Total
Total
Unrestricted
Restricted
2022
2021
£
£
£
£
Epsom & Ewell Borough Council 129,046
13,650
142,696
147,601
Dept for Business, Energy & Industrial
Strategy in partnership with Citizens
Advice
-
5,937
5,937
12,972
Money & Pensions Service in
partnershipwith Citizens Advice		 -
33,587
33,587
18,297
Citizens Advice 26,367
-
26,367
20,300
The HenrySmith Charity -
27,000
27,000
26,400
NHS Surrey -
41,000
41,000
41,000
CommunityFoundation for Surrey 1,865
-
1,865
16,000
BigLotteryFund -
3,500
3,500
- Epsom and Ewell Parochial Trusts 634
-
634
532
SurreyCountyCouncil 1,780
-
1,780
225
Contracts & Fees
RoseberyHousingAssociation -
47,000
47,000
47,000
159,692
171,674
331.366
330,327
2021 166,508
163,819
330,327

Further information about these grants are provided in the Report of Directors and Trustees.

4 Other Income

4
Other Income
Total
Total
Unrestricted
Restricted
2022
2021
£
£
£
£
BigLotteryFund 200
-
200
300
Arnold Clark 1,000
-
1,000
-
RuxleyFoundation 500
-
500
-
SurreyCountyCouncil 1,572
-
1,572
-
Fundraisingand other income 869
-
869
988
Investment income 818
-
818
1,514
Total Other Income 4,959
-
4,959
2,802
2021 2,802
-
2,802

12

5 Analysis of expenditure

5
Analysis of expenditure		 5
Analysis of expenditure		 5
Analysis of expenditure		 5
Analysis of expenditure		 5
Analysis of expenditure
Generalist
Advisory Services
(Unrestricted
funds)
Specialist
Advice and
Information
(Restricted
funds)
2022		 2021
Raising funds £
£
£		 £
Staff costs 7,749
-
7,749
401
-
401
8,150
-
8,150
5,073
-
5,073
63,139
143,092
206,231		 4,767
Other direct costs 306
Activity total 5,073
2021 184,137
122,914
307,051
2021
£
168
38,702
25,355
58,468
221
122,914
Charitable Activities
Staff costs
Support costs 83,457
40,395
123,852
Activity total 146,596
183,487
330,083
2021 140,716
166,335
307,051
Support Costs Generalist
Advisory
Services
Specialist
Advice and
Information
2022
£
£
£
Governance 896
364
1,260
27,883
12,108
39,991
13,601
10,031
23,632
40,772
17,696
58,468
305
196
501
83,457
40,395
123,852
89,594
33,320
122,914
Management
Office,IT & communications
Premises
Other
Activity Total
2021
The basis of allocation of support costs is hours contributed by staff and volunteers.

The basis of allocation of support costs is hours contributed by staff and volunteers.

6 Governance costs

These are costs associated with the governance of the charity and include an independent examination cost of £960 (2021: £120).

13

7 Information regarding Trustees, Directors and Employees

7 Information regarding Trustees, Directors and Employees
2022
2021
£
£
Wages and salaries 222,902
197,874
Social securitycosts 11,773
11,555
Pension costs 6,330
5,724
241,005
215,153
The average number of
employees, analysed by
function was:
2022
2021
Charitablepurposes 10
8
Fundraising&publicity 1
1
Management and
administration of charity 2
2
13
11

No employee received remuneration of more than £60,000 (2021: None).

No Trustee was remunerated for any services (2021: None).

No expenses were claimed by any members of the Trustee Board in the year ended 31 March 2022 (2021: £nil). No trustee indemnity insurance was purchased.

£1,788 was paid in the year ended 31 March 2022 (2021: £1,766) for various insurance services, including professional indemnity cover.

The Chief Executive Officer is the key management personnel who received total employment benefits of £38,291 (2021: £37,032)

14

8 Tangible Fixed Assets

2022
2021
£
£
Cost – Computer
Equipment
At 31 March 2021 4,812
4,812
Additions -
-
At 31 March 2022 4,812
4,812
Depreciation –
Computer
Equipment
At 31 March 2021 4,812
3,206
Charge for the year -
1,606
At 31 March 2022 4.812
4,812
Net book value –
Computer
Equipment
At 31 March 2022 -
-

In the year ended 31 March 2019 the office server was upgraded and resulted in capitalisation of £4,812. In the year ended 31 March 2021 this asset was fully depreciated with a final charge of £1,606.

9 Debtors

9 Debtors
Total
Total
2022
2021
£
£
Miscellaneous debtors
4,591
785
Prepayments
1,971
650
6,562
1,435

15

10 Creditors - amounts falling due within one year

Total Total
2021
£
53,380
5,407
1,064
59,851
23,425
24,400
4,000
1,555
300
(300)
53,380
2022
£
Deferred income(grants received in advance) 79,505
Other creditors includingtax and social security 7,066
Accruals 6,869
93,440
Movement in deferred income
Balance brought forward 1 April		 53,380
Citizens Advicepartnershipfunds (21,595)
CommunityFoundation for Surrey -
SurreyCountyCouncil 51,220
HenrySmith Foundation 200
BigLottery (3,700)
Balance carried forward 31 March 79,505

11 Related party transactions

There were related party transactions with Citizens Advice Surrey for shared services and Citizens Advice HQ in relation to insurance and information services. There have been no other related party transactions.

12 Pension Scheme

The charity implemented an auto-enrolment scheme with NEST (a defined contribution occupational pension scheme) with effect from 1 July 2017, in place of Scottish Widows. NEST is backed by the government. The company contributed 3% of pensionable earnings and the employees pay at least 5%.

The pension cost shown in the accounts for the year represents contributions payable by the company and amounted to £6,330 (2021 £5,724). There were no significant contributions payable or outstanding at the year end.

16

13
Movement in funds
At 1 April Income Expenditure Transfers At 31 March
2021 2022
£ £ £ £ £
Restricted Funds:
Debt advice 1,627 59,550 (64,330) 3,153 -
Mental Health - 45,600 (51,096) 5,496 -
HenrySmith MH Outreach 1,942 27,000 (26,074) - 2,868
Money& Pensions Service 3,831 33,587 (36,089) - 1,329
BEIS IT Fund - 5,937 (5,773) (164) -
EmergencyFund 1,116 - (125) - 991
Total Restricted Funds 8,516 171,674 (183,487) 8,485 5,188
Unrestricted Funds:
General fund 111,360 167,328 (154,746) (11,400) 112,542
Designated funds - 2,915 2,915
Total Unrestricted funds 111,360 167,328 (154,746) (8,485) 115,457
Total funds 119,876 339,002 (338,233) - 120,645

The £8,649 transfers from unrestricted funds into the restricted funds includes notional costs that are not recoverable from the funders or specific project reserves. The £164 transfer related to the balance of spend allocated to this grant being made from unrestricted funds.

Restricted Funds

Debt Advice: A restricted fund financed by Epsom and Ewell Borough Council and Rosebery Housing Association to support our dedicated money and debt advice team for those in the most difficult of situations. Mental Health: A restricted fund supported by the NHS and Community Foundation for Surrey to support our project for those with severe and enduring mental health issues.

Henry Smith MH Outreach: A restricted fund financed by The Henry Smith Charity to support our outreach work for those with severe and enduring mental health issues who are being discharged from psychiatric wards. Money & Pensions Service: A restricted fund financed by the Money & Pensions Service in partnership with Citizens Advice to fund Trainee Debt Advisors to enable us to meet the higher demand for money advice services anticipated due to the COVID-19 pandemic.

BEIS IT Fund: A restricted fund financed by the Department of Business, Energy & Industrial Strategy in partnership with Citizens Advice to provide additional resources to enable the move to remote working during the pandemic. Emergency Fund: A restricted fund paid for by an anonymous donor to allow the bureau manager to make small provision to people in the Epsom and Ewell area where such funding cannot be obtained by other means. CFS Covid Fund: A restricted fund financed by Community Foundation for Surrey to support the additional demands on our services during the pandemic.

Designated Funds

Redundancy reserve

This reserve has been designated by the Trustees for the purpose of covering any redundancy and associated costs that may arise due to the end of existing funding streams.

17

Comparative Movement in Funds

At 1 April Income Expenditure Transfers At 31 March
2020 2021
£ £ £ £ £
Restricted Funds:
Debt advice 8,453 59,550 (66,376) - 1,627
Mental Health - 48,100 (49,647) 1,547 -
HenrySmith MH Outreach - 26,400 (24,458) - 1,942
Money& Pensions Service - 18,297 (14,466) - 3,831
BEIS IT Fund - 6,472 (6,472) - -
CFS Covid Fund - 5,000 (4,866) (134) -
EmergencyFund 1,166 - (50) - 1,116
Total Restricted Funds 9,619 163,819 (166,335) 1,413 8,516
Unrestricted Funds:
General fund 88,614 169,948 (145,789) (1,413) 111,360
Total Unrestricted funds 88,614 169,948 (145,789) (1,413) 111,360
Total funds 98,233 333,767 (312,124) - 119,876

The £1,547 transfer from unrestricted funds into the restricted funds includes notional costs that are not recoverable from the funders or specific project reserves. The £134 transfer related to spend allocated to this grant made in 2019/20 from unrestricted funds.

18

14 Comparative Statement of Financial Activities

Unrestricted
funds
Restricted
funds
Total
funds
2021
£
£
£
638
-
638
166,508
163,819
330,327
2,802
-
2,802
169,948
163,819
333,767
5,073
-
5,073
140,716
166,335
307,051
145,789
166,335
312,124
24,159
(2,516)
21,643
(1,413)
1,413
-
22,746
(1,103)
21,643
88,614
9,619
98,233
111,360
8,516
119,876
Income from:
Donations and legacies
Charitable activities
Other(including fundraising)
Total Income
Expenditure on:
Raisingfunds
Charitable activities
Total Expenditure
Net income/expenditure for theyear
Transfer between funds
Net movement in funds
Reconciliation of funds:
Balances brought forward 2020
Balances carried forward 2021

There were no recognised gains or losses in the above two financial years other than those included in the Statement of Financial Activities. All activities derived from continuing operations.

19

Charity Information: Legal & Administrative Details

Trustees:

Trustees:
Trustee Role Resigned Appointed
Peter Edwards Chair
Yvette Ball 8 August 2022
George Bell
Alison Cribbs Vice-Chair 21 September 2021
Ian Davison
Bernie Watson
Shaun Jones
Alexis Marz 8 March 2022
Patrick O’Driscoll Treasurer
Hony Premial 8 March 2022
Fiona Taylor 14 May 2022
Hardik Trivedi 8 August 2022
Andrew Heffernan 14 May 2022

Chief Executive Officer : Lisa Davis

Charity Registration Number : 1085779

Company Registration Number : 4079521

Financial Conduct Authority Reference Number : 617607

Company Secretary : Peter Edwards

Principal Office :

The Old Town Hall, The Parade, Epsom, Surrey, KT18 5AG

Bankers :

Charities Aid Foundation

Independent Examiner : Olayinka Tomori ACA DChA for Longmeade Consult Ltd

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