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||Page||
|---|---|---|
|Report ofthe Trustees|1 to|8|
|Report ofthe Independent
Auditors|9 to|12|
|Statement of Financial Activities|13||
|Balance Sheet|14||
|Cash Flow Statement|15||
|Notes to the Cash How Statement|16||
|Notes to the Financial Statements|17 to|32|
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|REFERENCE AND AD|MINISTRATIV|E
DETAILS|
|---|---|---|
|Senior Management|Team||
|Nick Whittingham||Chief Executive|
|Lesley Kaye||Operations
Manager|
|Darren Grosvenor||Compliance
Manager|
|Kirsty Dickinson||I-IR and Campaigns
Manager|
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|||||||31/3/22|31/3/21|
|---|---|---|---|---|---|---|---|
|||||Unrestncted|Restncted|Total|Tots I|
|||||fund|funds|funds|funds|
||||Notes|E|E|E|E|
|INCOME AND ENDOWMENTS||FROM||||||
|Charitable
activities||||||||
|Counul
and Community||||839,896|347,223|1,187,119|1,231,986|
|Money Advice Service|||||258,773|258,773|301,076|
|Pension Wise|||||108,968|108,968|133,913|
|Legal Aid activities||||264,385||264,385|337,561|
|Investment
income||||608||608|1,200|
|Total||||1,104,889|714,964|1,819,853|2,005,736|
|EXPENDITURE ON||||||||
|Charitable
activities||||||||
|Council
and Community||||742,896|370,993|1,113,889|1,101,865|
|Transitions|||||||3,809|
|Money Advice Sconce|||||255,788|255,788|293,527|
|Pension Wise|||||108,932|108,932|128,624|
|Legal Aid activities||||286,887||286,887|259,550|
|Total||||1029 783|735 713|1 765496|1787375|
|NET INCOME/(EXPENDITURE)||||75,106|(20,749)|54,357|218,361|
|Transfers between
funds
Other recognised
gains/(losses)
Actuarial
gains/(losses)
on defined benefit schemes|||15|(19,574)
209,000|19,574|209.0|~00|
|Net movement
in funds||||264,532|(1,175)|263,357|78,361|
|RECONCILIATION
OF FUNDS||||||||
|Total funds brought
forward||||414,968|1,175|416,143|337,782|
|TOTAL FUNDS CARRIED|FORWARD|||679 500||679500|416143|
##
|||31/3/22|31/3/21|
|---|---|---|---|
||Notes|E|E|
|FIXED ASSETS||||
|Tangible assets|10|41,161|52,066|
|CURRENT ASSETS||||
|Debtors||558,359|539,923|
|Cash at bank||451,800|370,884|
|||1,010,159|910,807|
|CREDITORS||||
|Amounts
falling due within one year|12|(136,820)|(102,730)|
|NET CURRENT ASSETS||873,339|808,077|
|TOTAL ASSETS LESSCURRENT LIABIUTIES||914,500|860,143|
|PENSION
LIABILITY|16|(235,000)|(444,000)|
|NET ASSETS/(LIABILITIES)||679 500|416143|
|FUNDS|15|||
|Unrestricted
funds||679,500|414,968|
|Restricted
funds|||1,175|
|TOTAL FUNDS||679 500|416143|
##
||||||||31/3/22|31/3/21|
|---|---|---|---|---|---|---|---|---|
|||||||Notes|E|E|
|Cash flows from|operating|activities|||||||
|Cash generated
from operations|||||||80,308|63,734|
|Net cash provided|by operating||activities||||~80308|63,734|
|Cash flows from|investing|activities|||||||
|Interest received|||||||608|1,200|
|Net cash provided|by investing||activities||||608|1,200|
|Change
in cash and cash equivalents||||in the|||||
|reporting
period|||||||80,916|64,934|
|Cash and cash equivalents||at the beginning|||of||||
|the reporting
period|||||||~370884|~305 950|
|Cash and cash equivalents||at the end||ofthe|||||
|reporting
period|||||||~451 BOO|~370884|
##
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|RECONCILIATION
O|F NE|T INC|OME TO NET CASH FLOW FROM OPERATIN|G ACTIVITIES|||
|---|---|---|---|---|---|---|
||||||31/3/22|31/3/21|
||||||E|f|
|Net income for the|reporting||period (as per the Statement of Financial||||
|Activities)|||||54,357|218,361|
|Ad]ustments
for:|||||||
|Depreciation
charges|||||10,905|11,004|
|Interest received|||||(608)|(1,200)|
|Increase
in debtors
Increase
in creditors|||||(18,436)
~34090|(198,866)
~34435|
|Net cash provided|by operations||||80 308|63 734|
|ANALYSIS OF CHANGES||IN NET FUNDS|||||
|||||At 1/4/21|Cash flow|At 31/3/22|
|||||E|E|f|
|Net cash|||||||
|Cash at bank||||~370884|~80916|451,800|
|Total||||370,884
~370884|80,916
~80 916|451,800
~451800|
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|||||||||31/3/22|31/3/21|31/3/21|
|---|---|---|---|---|---|---|---|---|---|---|
||||||Activity|||f||f|
|Grants|||||Council and Community|||5,589||37,726|
|Project income|||||Council and Community|||1,168,424|1,158,191||
|Miscellaneous|income||||Council and Community|||13,106||36,069|
|Proiect income|||||Money Adwce Service|||258,773||301,076|
|Project income|||||Pension Wise|||108,968||133,913|
|Project income|||||Legal Aid actwities|||264,385||337,561|
|||||||||1819245|2|004 536|
|Grants received,||included||in the|above, are as follows:||||||
|||||||||31/3/22f|31/3/21
f||
|HMRC
—Job retention|||scheme|||||~5589|~37 726||
|CHARITABLE ACTIVITIES||||COSTS|||||||
|||||||||Support|||
|||||||Direct||costs (see|||
|||||||Costsf||note 5)f||Totals
f|
|Council and Community||||||1,105,552||8,337|1,113,889||
|Money Advice|Service|||||255,788||||255,788|
|Pension Wise||||||108,932||||108,932|
|Legal Aid activities||||||286
5|887
5|833»||286887
5
9|
##
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##
|||||||Governance|
|---|---|---|---|---|---|---|
|||||||costs|
|||||||f|
|Council|and|Community||||~8337|
|NET INCOME/(EXPENDITURE)|||||||
|Net income/(expenditure)|||is|stated after charging/(crediting):|||
||||||31/3/22|31/3/21|
||||||f|f|
|Auditors'|remuneration||||8,240|8,614|
|Depreoation||—owned assets|||~10905|~11004|
|TRUSTEES' REMUNERATION||||AND BENEFITS|||
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|STAFF|COSTS|||
|---|---|---|---|
|||31/3/22|31/3/21|
|||f|f|
|Wages|and salaries|1,208,810|1,194,992|
|Other|pension costs|92,592|91,512|
|||13~1402|1266304|
##
##
|||31/3/22|31/3/21|
|---|---|---|---|
|Service staff||45|45|
|Administrative|staff|6|4|
|Management||4|5|
|Volunteers||29|54|
|||84|108|
##
|COMPARATIVES FOR THE STA|TEMENT OF FINANCIAL AC|TIVITIES|||
|---|---|---|---|---|
|||Unrestricted|Restncted|Tota
I|
|||fund|funds|funds|
|||E|6|E|
|INCOME AND ENDOWMENTS|FROM||||
|Charitable
activities|||||
|Council and Community||797,689|434,297|1,231,986|
|Money Advice Service|||301,076|301,076|
|Pension Wise|||133,913|133,913|
|Legal Aid activities||337,561||337,561|
|Investment
income||1,199||1,200|
|Total|||||
|EXPENDITURE ON|||||
|Charitable
activities|||||
|Council and Community||668,622|433,243|1,101,865|
|Transitions|||3,809|3,809|
|Money Advice Service|||293,527|293,527|
|Pension Wise|||128,624|128,624|
|Legal Aid activities||259,550||259,550|
|Tota I||928,172|859,203|1,787,375|
##
##
|COMPARATIVES F|OR THE STATEMENT OF FINANCIAL ACTI|VITIES - continued|||
|---|---|---|---|---|
|||Unrestricted|Restncted|Tota
I|
|||fund|funds|funds|
|||E|E|E|
|NET INCOME||208,277|10,084|218,361|
|Transfers between|funds|8,295|(8,295)||
|Other recognised|gains/(losses)||||
|Actuanal
gains/(losses)
on defined benefit
schemes||140000||~14tl 000)|
|Net movement
in|funds|76,572|1,789|78,361|
|RECONCILIATION|OF FUNDS||||
|Total funds brought
forward||338,396|(614)|337,782|
##
##
|TANGIBLE FIXEDASSETS|||||
|---|---|---|---|---|
||Improvements|Fixtures|||
||to|and|Computer||
||property|fittings|equipment|Totals|
||E|f|E|6|
|COST
At 1st April 2021 and 31st March 2022|~276 474|~79448|~141034|~496 956|
|DEPRECIATION|||||
|At 1st April 2021|224,479|79,377|141,034|444,890|
|Charge for year|10,834|71||10,905|
|At 31st March 2022|235,313|79,448|141,034|455,795|
|NET BOOK VALUE
At 31st March 2022|~41161|||~41161|
|At 31st March 2021|~51 995|71||~52 066|
##
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##
##
##
||||||31/3/22|31/3/21|
|---|---|---|---|---|---|---|
||||||E|f|
|Trade debtors|||||23,852|8,428|
|Legal Aid Agency|||||41,161|18,201|
|Other debtors|||||451,074|440,426|
|Prepayments|||||42,272|72,868|
||||||~558 359|~539923|
|CREDITORS: AMOUNTS||FALLING DUE WITHIN ONE YEAR|||||
||||||31/3/22|31/3/21|
||||||E|E|
|Trade creditors|||||20,130|18,556|
|Sooal security and other||taxes|||20,880|21,393|
|VAT|||||10,649|10,955|
|Pension control account|||||901|859|
|Accruals and deferred|income||||84,260|50,967|
||||||~136820|~102730|
|LEASING AGREEMENTS|||||||
|Minimum
lease payments||under non-cancellable|operating|leases fall due as follows:|||
||||||31/3/22|31/3/21|
||||||E|f|
|Within one year|||||103,479|103,479|
|Between one and five years|||||291,664|343,143|
|In more than five years|||||156,000|208,000|
||||||~551143|~654 622|
##
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##
|||||31/3/22|31/3/21|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Tota I|Tota
I|
|||fund|funds|funds|funds|
|||6|E|6|1|
|Fixed assets||41,161||41,161|52,066|
|Current assets
Current
liabilities
Pension
liability||1,010,159
(136,820)
~35.000
679 500||1,010,159
(136,820)
~35.00
6795t31|910,807
(102,730)
~00)
416143|
|MOVEMENT INFUNDS||||||
||||Net|Transfers||
||||movement|between|At|
|||At 1/4/21|in funds|funds|31/3/22|
|||6|E|E|6|
|Unrestricted
funds||||||
|Genera
I||414,968|284,106|(19,574)|679,500|
|Restricted funds||||||
|Money Adwce|Service||2,985|(2,985)||
|Pension Wise|||36|(36)||
|Universal
Credit - Help to Claim|||4|(4)||
|Debt Locum||1,175|2,854|(4,029)||
|EU Settlement
Pathways
RAP|Council|1,175|(63)
~26,565)
~20,749)|63
26,565
19,574||
|TOTAL FUNDS||~416143|~263357||~679500|
##
##
|||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|
|||resourcesf|expended
f|lossesf|in funds
f|
|Unrestricted
funds||||||
|General||1,104,889|(1,029,783)|209,000|284,106|
|Restricted funds||||||
|Money Adwce Service||258,773|(255,788)||2,985|
|Pension Wise||108,968|(108,932)||36|
|Universal
Credit
—Help to Claim
Debt Locum
EU Settlement
Council
Pathways
RAP||151,796
30,007
150,283
15,137
14964|(151,792)
(27,153)
(150,346)
~0
~3
133||4
2,854
(63)
~6.5653
~20
493|
|TOTAL FUNDS||8 9 853|6, 65, 96l|09 000|63 35|
|Comparatives
for movement|in funds|||||
||||Net|Transfers||
||||movement|between|At|
|||At 1/4/20|in funds|funds|31/3/21|
|||f|f|f|f|
|Unrestricted
funds||||||
|General||338,396|68,277|8,295|414,968|
|Restricted funds||||||
|Big Lottery - Transitions||3,929|(3,809)|(120)||
|Money Advice Service|||7,549|(7,549)||
|Pension Wise||(4,308)|5,290|(982)||
|Universal
Credit
—Help to Claim||(235)|24|211||
|Debt Locum|||1,175||1,175|
|Digital Transformation|||(50)|50||
|Employment
Casework|||(66)|66||
|Pathways
LCN
Pathways
RAP
EU Settlement
TOTAL FUNDS||~614)
~337782|(10)
(21)
2
10,084
~78361|10
21
~2)|1,175
~416143|
##
##
||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|
||resourcesf|expended
f|lossesf|in funds
f|
|Unrestricted
funds|||||
|General|1,136,449|(928,172)|(140,000)|68,277|
|Restricted funds|||||
|Big Lottery
—Transitions||(3,809)||(3,809)|
|Money Advice Service|301,076|(293,527)||7,549|
|Pension Wise|133,914|(128,624)||5,290|
|Universal
Credit
—Help to Claim|155,645|(155,621)||24|
|Debt Locum|30,007|(28,832)||1,175|
|Digital Transformation|13,000|(13,050)||(50)|
|Employment
Casework|21,500|(21,566)||(66)|
|Pathways
LCN|10,000|(10,010)||(10)|
|EU Settlement
Council|132,344|(132,344)|||
|Pathways
RAP
EU Settlement
TOTAL FUNDS|14,863
56,938
869 282
005
36|(14,884)
~56,936
~8592033
2, 8,3 Sl|~0000|(21)
2
10084
836|
##
##
|||Net|Transfers|||
|---|---|---|---|---|---|
|||movement|between|At||
||At 1/4/20|in funds|funds|31/3/22||
||E|f|E||E|
|Unrestricted
funds||||||
|General|338,396|352,383|(11,279)|679,500||
|Restricted funds||||||
|Big Lottery - Transitions|3,929|(3,809)|(120)|||
|Money Advice Service||10,534|(10,534)|||
|Pension Wise|(4,308)|5,326|(1,018)|||
|Universal
Credit
—Help to Claim|(235)|28|207|||
|Debt Locum||4,029|(4,029)|||
|Digital Transformation||(50)|50|||
|Employment
Casework||(66)|66|||
|Pathways
LCN||(10)|10|||
|EU Settlement
Council
Pathways
RAP
EU Settlement
TOTAL FUNDS|~614)
~337782|(63)
(26,586)
2
~10,665)
~341718|63
26,586
~2)
11,279|~679|500|
##
##
||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|
||resourcesf|expended
f|lossesf|in funds
f|
|Unrestricted
funds|||||
|General|2,241,338|(1,957,955)|69,000|352,383|
|Restricted funds|||||
|Big Lottery
—Transitions||(3,809)||(3,809)|
|Money Advice Service|559,849|(549,315)||10,534|
|Pension Wise|242,882|(237,556)||5,326|
|Universal
Credit
—Help to Claim|307,441|(307,413)||28|
|Debt Locum|60,014|(55,985)||4,029|
|Digital Transformation|13,000|(13,050)||(50)|
|Employment
Casework|21,500|(21,566)||(66)|
|Pathways
LCN|10,000|(10,010)||(10)|
|EU Settlement
Council|282,627|(282,690)||(63)|
|Pathways
RAP
EU Settlement|30,000
56,938
1584251|(56,586)
~56,936
~35949163||(26,586)
2
~306653|
|TOTAL FUNDS|3 8 5 589|t3,55,8»l|69 000|3 » 8|
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|||||31March 2022|31March 2021|
|---|---|---|---|---|---|
|||||Qyo)|+56)|
|Discount|rate|||2.70|2.10|
|Inflation|—CPI|||2.90|2.70|
|Pension|increases|||2.90|2.70|
|Pension|accounts revaluation||rate|2.90|2.70|
|Rate af general increase||in salaries||4.15|3.95|
##
|||||||Asset split at|||Asset split at|
|---|---|---|---|---|---|---|---|---|---|
|||||||31March 2022|||31March 2021|
|||||||Qyi)|||I96)|
|Equities||||||79.8|||79.7|
|Property||||||4.0|||3.8|
|Government||bands||||7.4|||8.3|
|Corporate|bonds|||||4.8|||4.6|
|Cash||||||2.9|||2.0|
|Other||||||1.1|||1.6|
|Average
Return / Total||||||100.0|||100.0|
|Reconciliation||offunded|status to Balance Sheet|||||||
||||||||Value as|at|Value as at|
||||||||31March 2022||31March 2021|
||||||||f|'s|f
's|
|Fair value|of|assets|||||1,127||1,030|
|Present value||of funded|liabilities||||(1,362)||(1,474)|
|Pension asset/(liability)|||before consideration|of paragraph|41||(235)||(444)|
##
##
##
|||||||
|---|---|---|---|---|---|
|Unrecognised|asset due to limit in paragraph|41|0|||
|Net pension|asset/(liability)||(233)||(444)|
|Anal
sis of|refit and loss char e|||||
||||Penod ending|||
||||31March 2022|||
||||f|'s||
|Current service cost|||||25|
|Past service|cost||||0|
|Interest cost|||||9|
|Expected return
on assets||||||
|Curtailment|cost|||||
|Settlement
cost||||||
|Expense recognised||||||
|Chan
es to the
resent value of liabilities|Chan
es to the
resent value of liabilities|Chan
es to the
resent value of liabilities|durln|the accountln|the accountln|cried||||
|---|---|---|---|---|---|---|---|---|---|
||||||||Penod ending|||
||||||||31March 2022|||
||||||||E|'s||
|Opening
present value of liabilities|||||||||1,474|
|Current service cost|||||||||25|
|Interest cost|||||||||31|
|Contributions|by participants||||||||3|
|Actuanal
(gains) / losses on liabilities|||||||||(149)|
|Net benefits|paid out||||||||(22)|
|Past service|cost||||||||0|
|Net increase|in liabilities from disposals|and acquisitions||||||||
|Curtailments||||||||||
|Settlements||||||||||
|Closing present value of liabilities|||||||||1,362|
|Chan
es to the fair value ofassets durin|||the accountin||cried||~dd|||
||||||||31March 2022|||
||||||||E|'s||
|Opening
fair|value of assets||||||||1,030|
##
##
##
|Interest income on assets|Interest income on assets||22|
|---|---|---|---|
|Actu anal
gains / (losses) on assets|||87|
|Contributions|by the employer||7|
|Contributions|by participants||3|
|Net benefits|paid out||(22)|
|Net increase|in assets from disposals|and acquisitions||
|Settlements||||
|Closing fair|value ofassets||1,127|
##
##
##