| Reference and Administrative | Reference and Administrative | Details | |
|---|---|---|---|
| Chair's Report | 2to3 | ||
| Trustees' Report | 4to 11 | ||
| Statement ofTrustees' | Responsibilities | 12 | |
| Independent Auditor's |
Report | 13to 16 | |
| Statement ofFinancial | Activities | 17 | |
| Balance Sheet | 18 | ||
| Statement ofCash Flows | 19 | ||
| Notes to the Financial | Statements | 20 to 33 |
| ncreased e gagement | ncreased e gagement | with | eneficiarles | eneficiarles | on social media | lo | |
|---|---|---|---|---|---|---|---|
| ~rm~o'n | the | C'or | navirus | Sii~rt I. ne | Incr, 'as | ||
| ~Page likes | .367%-I | ||||||
| ~ Profile visits | 400% | ||||||
| Tweets | 1460% | ||||||
| ;'Facebook reach | 1761% | ||||||
| Tweet impressions | 3072% |
| Unrestricted | Restricted | Total 2021 | ||||
|---|---|---|---|---|---|---|
| 2021 | Note | |||||
| Income and Endowments | from: | |||||
| Donations and legacies |
368,973 | 385,174 | 754,147 | |||
| Charitable activities |
116,158 | 116,158 | ||||
| Investment income |
52 | 52 | ||||
| Total Income | 369,025 | 501,332 | 870,357 | |||
| Expenditure on: |
||||||
| Raising funds | (55,686) | (55,686) | ||||
| Charitable activities |
(176,422) | (505,492) | (681,914) | |||
| Total Expenditure | (232,108) | 505,492) | (737,600) | |||
| Net income/(expenditure) | 136,917 | (4,160) | 132,757 | |||
| Net movement in funds |
136,917 | (4,160) | 132,757 | |||
| Reconciliation offunds | ||||||
| Total funds brought forward |
289,070 | 5,231 | 294,301 | |||
| Total funds carried forward | 18 | 425,987 | 1,071 | 427,058 | ||
| Unrestricted | Restricted | Total 2020 | ||||
| 2020 | Note | |||||
| Income and Endowments | from: | |||||
| Donations and legacies |
387,268 | 351,120 | 738,388 | |||
| Charitable activities |
87,300 | 87,300 | ||||
| Investment income |
217 | 217 | ||||
| Total Income | 387,485 | 438,420 | 825,905 | |||
| Expenditure on: |
||||||
| Raising funds | (53,440) | (53,440) | ||||
| Charitable activities |
(285,651) | (479,996) | (765,647) | |||
| Total Expenditure | (339,091) | (479,996) | (819,087) | |||
| Net income/(expenditure) | 48,394 | (41,576) | 6,818 | |||
| Net movement in funds |
48,394 | (41,576) | 6,818 | |||
| Reconciliation offunds |
||||||
| Total funds brought forward |
240,676 | 46,807 | 287,483 | |||
| Total funds carried forward | 18 | 289,070 | 5,231 | 294,301 | ||
| All ofthe charity's activities |
derive from | continuing | operations | during the above |
two periods. | |
| The funds breakdown for 2020 is shown |
in note 18. |
| Balan | ce Sheet as at | 31March 2021 | ||||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| Note | ||||||
| Fixed assets | ||||||
| Tangible assets | 12 | 5,566 | 8,450 | |||
| 5,566 | 8,450 | |||||
| Current assets |
||||||
| Debtors | 13 | 94,547 | 90,093 | |||
| Cash at bank | and in hand | 14 | 416,318 | 226,809 | ||
| 510,865 | 316,902 | |||||
| Creditors: Amounts | falling due within | one year | 15 | (89,373 | (31,051 | |
| Net current | assets | 421,492 | 285,851 | |||
| Net assets | 427,058 | 294,301 | ||||
| Funds ofthe | charity: | |||||
| Restricted | 1,071 | 5,231 | ||||
| Unrestricted | income | funds | ||||
| Unrestricted | 425,987 | 289,070 | ||||
| Total funds | 18 | 427,058 | 294,301 |
| Statement | ofCash Flows for the | Year Ended 3 | 1March 2021 | |
|---|---|---|---|---|
| 2021 | 2020 | |||
| Note | ||||
| Cash flows from operating | activities | |||
| Net cash income | 132,757 | 6,818 | ||
| Adjustments to cash flows from non-cash items |
||||
| Depreciation | 3,550 | 2,566 | ||
| Investment income |
(52) | (217) | ||
| 136,255 | 9,167 | |||
| Working capital adjustments | ||||
| Increase in debtors | 13 | (4,454) | (10,945) | |
| Increase in creditors | 15 | 58,322 | 19,530 | |
| Net cash flows f'rom operating | activities | 190,123 | 17,752 | |
| Cash flows from investing activities |
||||
| Interest receivable and similar |
income | 5 | 52 | 217 |
| Purchase oftangible fixed assets | 12 | (666) | (1,653) | |
| Net cash flows fi.om investing | activities | (614) | (1,436) | |
| Net increase in cash and cash | equivalents | 189,509 | 16,316 | |
| Cash and cash equivalents at |
1 April | 226,809 | 210,493 | |
| Cash and cash equivalents at |
31March | 416,318 | 226,809 |
| donors, activity costs are apportioned between fundra involved with each activity. |
ising and charitable activities on the basis |
ofthe pers |
|---|---|---|
| 2021 | 2020 | |
| Advice services | 81% | 84% |
| Tax education | 6% | 5% |
| Cost ofraising funds | 10% | 9% |
| Governance costs |
3% | 2% |
| Unrestricted | |||||
|---|---|---|---|---|---|
| funds | |||||
| Restricted | Total | Total | |||
| General | funds | 2021 | 2020 | ||
| HM Revenue &Customs | 270,000 | 270,000 | 314,160 | ||
| Sobell Foundation | 1,800 | ||||
| Chartered Institute ofTaxation |
20,000 | 20,000 | 20,000 | ||
| Association ofTaxation Technicians | 10,000 | 10,000 | 10,000 | ||
| CSIS Charity Fund | 10,000 | ||||
| Moondance Foundation |
4,160 | ||||
| XPS | 12,000 | 12,000 | 12,000 | ||
| The Julia and Hans Rausing Trust | 80,000 | 80,000 | |||
| Tax Advisers' Charitable |
Trust | 4,000 | 4,000 | 4,000 | |
| 29th May 1961Charitable | Trust | 1,000 | |||
| Estate ofMr FBClowes | 74,920 | 74,920 | |||
| HMRC CJRS | 5,174 | 5,174 | |||
| Gift aid and other donations | 146,640 | 146,640 | 142,167 | ||
| Donated facilities and services | 131,413 | 131,413 | 219,101 | ||
| Total income 2021 | 368,973 | 385,174 | 754,147 | 738,388 | |
| Total income 2020 | 387,268 | 351,120 | 738,388 |
| is is ajoint initiative se tween the two charities. |
t up by | Tax Volunteers | and TaxAid UK, whereby am |
ounts received a |
re split equally |
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| A &0Foundation | 10,000 | ||||
| BDO LLP | 12,647 | 18,363 | |||
| Deloitte | 11,831 | 17,279 | |||
| Freshfields | 9,920 | 10,000 | |||
| Kathleen Beryl Sleigh Charitable | Trust | 20,000 | 20,000 | ||
| London Legal Support | 6,025 | ||||
| Pump Court Tax Chambers | 7,500 | ||||
| Pure Recruitment Ltd |
5,000 | ||||
| Slaughter and May |
4,950 | 10,000 | |||
| Smith and Williamson | 10,000 | ||||
| Tax Advisers' Charitable |
Trust (the Worshipful | Company ofTax Advisers) | 4,000 | 4,000 |
| Income from | charitable activities |
|||
|---|---|---|---|---|
| Restricted | Total | Total | ||
| funds | 2021 | 2020 | ||
| AVIVA Life Services Ltd | 32,650 | 32,650 | 37,548 | |
| Rothesay Life | 52,500 | 52,500 | 42,000 | |
| Mineworkers | Pension Scheme &British Coal Staff | |||
| Superannuation | Scheme | 31,008 | 31,008 | 7,752 |
| 116,158 | 116,158 | 87,300 |
| Unrestricted | |||||
|---|---|---|---|---|---|
| funds | Total | ||||
| General | funds | ||||
| Interest receivable | and similar income; | ||||
| Interest receivable | on bank deposits | 52 | 52 | ||
| Total for 2021 | 52 | 52 | |||
| Total for 2020 | 217 | 217 |
| 6 Expenditure |
on ch | aritable activ |
ities | ities | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Cost of | Governance | Total | Total | |||||||
| raising | funds | Tax advice | Tax education | costs | Support costs | 2021 | 2020 | |||
| Staff costs | 29,937 | 243,899 | 17,904 | 10,860 | 165,534 | 468,134 | 439,809 | |||
| Gifts in kind | 131,413 | 131,413 | 219,101 | |||||||
| Depreciation | 3,550 | 3,550 | 2,566 | |||||||
| Telephone | 31,868 | 31,868 | 24,881 | |||||||
| Postage and stationery | 1,888 | 3,037 | 4,925 | 9,153 | ||||||
| Advertising | 1,500 | 1,500 | ||||||||
| Legal and professional | fees | 3,790 | 427 | 4,217 | 4,564 | |||||
| Volunteer expenses |
1,563 | 1,563 | 9,314 | |||||||
| Rent, rates and services | 46,977 | 46,977 | 53,062 | |||||||
| Bank charges | 307 | 307 | 319 | |||||||
| Audit | 4,987 | 4,987 | 5,880 | |||||||
| Insurance | 408 | 2,497 | 2,905 | 2,551 | ||||||
| Repairs and maintenance | 1,527 | 1,527 | 1,639 | |||||||
| Staff travel and training | 90 | 1,727 | 1,817 | 13,660 | ||||||
| Computer costs |
31,090 | 31,090 | 27,816 | |||||||
| Bridge The Gap | event expenses | 2,791 | ||||||||
| Sundry | 820 | 820 | 1,981 | |||||||
| 29,937 | 412,221 | 17,904 | 20,045 | 257,493 | 737,600 | 819,087 | ||||
| Support costs | 25,749 | 208,570 | 15,450 | 7,724 | (257,493) | |||||
| Total expenditure | 2021 | 55,686 | 620,791 | 33,354 | 27,769 | 737,600 | ||||
| Total expenditure | 2020 | 53,440 | 717,035 | 26,699 | 21,913 | 819,087 |
| Net incomi | ng resources for the year include: |
||
|---|---|---|---|
| 2021 | 2020 | ||
| Operating | leases - other assets | (39,223) | (46,591) |
| Audit fees | (4,987) | (5,880) | |
| Depreciation offixed assets | (3,550) | (2,566) |
| The aggregate payr |
oll costs were as follows: | ||
|---|---|---|---|
| 2021 | 2020 | ||
| Staff costs during | the year were: | ||
| Wages and salaries | 425,926 | 390,770 | |
| Social security costs | 28,083 | 29,477 | |
| Pension costs | 14,617 | 8,283 | |
| Other staff costs | (492) | 11,279 | |
| 468,134 | 439,809 |
| management team) and working for the benefit o |
fthe charity, expressed as full-time equiv |
alents w |
as as follo | ws: |
|---|---|---|---|---|
| 2021 | 2020 | |||
| No | No | |||
| Raising funds | 1.0 | 1.0 | ||
| Advice services | 8.3 | 9.3 | ||
| Tax education | 0.6 | 0.5 | ||
| Support | 5.6 | 4.3 | ||
| Governance | 0.4 | 0.2 | ||
| 15.9 | 15.3 |
| 12 Tangible fixed a | ssets | ||||
|---|---|---|---|---|---|
| Leasehold | Office | Computer | Call-centre | ||
| improvements | equipment | equipment | equipment | Total | |
| Cost | |||||
| At 1 April 2020 | 10,905 | 31,374 | 38,589 | 19,136 | 100,004 |
| Additions | 59 | 515 | 92 | 666 | |
| At 31March 2021 | 10,905 | 31,433 | 39,104 | 19,228 | 100,670 |
| Depreciation | |||||
| At 1 April 2020 | 10,281 | 30,770 | 32,695 | 17,808 | 91,554 |
| Charge for the year | 356 | 279 | 2,354 | 561 | 3,550 |
| At 31March 2021 | 10,637 | 31,049 | 35,049 | 18,369 | 95,104 |
| Net book value | |||||
| At 31March 2021 | 268 | 384 | 4,055 | 859 | 5,566 |
| At 31March 2020 | 624 | 604 | 5,894 | 1,328 | 8,450 |
| 13 Debtors | ||
|---|---|---|
| 2021 | 2020 | |
| Trade debtors | 22,000 | 7,934 |
| Prepayments | 4,596 | 2,754 |
| Other debtors | 67,951 | 79,405 |
| 94,547 | 90,093 |
| 2021 | 2020 | ||
|---|---|---|---|
| Cash at bank | 416,318 | 226,809 | |
| 15 Creditors: amounts | falling due within one year | ||
| 2021 | 2020 | ||
| Trade creditors | 1,842 | 1,860 | |
| Other taxation and social | security | 18,222 | 9,509 |
| Other creditors | 63,107 | 12,029 | |
| Accruals | 6,202 | 7,653 | |
| 89,373 | 31,051 |
| Total future minimum lease payments under non-cancel |
lable operating leases are as follows: |
|
|---|---|---|
| 2021 | 2020 | |
| Land and buildings | ||
| Within one year | 26,920 | 43,071 |
| Between one and five years | 32,304 | |
| 26,920 | 75,375 | |
| Other | ||
| Within one year | 3,840 | 3,840 |
| Between one and five years | 3,840 | 7,679 |
| 7,680 | 11,519 |
| 18 Funds | ||||||
|---|---|---|---|---|---|---|
| Balance at 1 | Incoming | Resources | Balance at31 | |||
| April 2020 | resources | expended | March 2021 | |||
| Unrestricted | ||||||
| General | ||||||
| General fund | 289,070 | 369,025 | 232,108) | 425,987 | ||
| Total Unrestricted | 289,070 | 369,025 | (232,108) | 425,987 | ||
| Restricted | ||||||
| HM Revenue | & | Customs | 270,000 | (270,000) | ||
| Aviva Life Services Ltd | 32,650 | (32,650) | ||||
| Chartered Institute ofTaxation |
20,000 | (20,000) | ||||
| Association ofTaxation | ||||||
| Technicians | 10,000 | (10,000) | ||||
| HMRC CJRS | 5,174 | (5,174) | ||||
| Esmee Fairbairn | 1,071 | 1,071 | ||||
| Julia and Hans Rausing Trust | 80,000 | (80,000) | ||||
| Rothesay Life | 52,500 | (52,500) | ||||
| Mineworkers | Pension Scheme & | |||||
| British Coal Staff Superannuation | ||||||
| Scheme | 31,008 | (31,008) | ||||
| The Moondance | Foundation | 4,160 | 4,160) | |||
| Total restricted | 5,231 | 501,332 | (505,492) | 1,071 | ||
| Total funds | 294,301 | 870,357 | (737,600) | 427,058 |
| Balance at 1 | Incoming | Resources | Balance at 31 | |||
|---|---|---|---|---|---|---|
| April 2019 | resources | expended | March 2020 | |||
| Unrestricted | ||||||
| Geneval | ||||||
| General fund | 240,676 | 387,485 | (339,091) | 289,070 | ||
| Total unrestricted | 240,676 | 387,485 | (339,091) | 289,070 | ||
| Restricted | ||||||
| HM Revenue & | Customs | 314,160 | (314,160) | |||
| Sobell Foundation | 1,800 | (1,800) | ||||
| Aviva Life Services Ltd | 37,548 | (37,548) | ||||
| Chartered Institute ofTaxation |
20,000 | 20,000 | (40,000) | |||
| Association ofTaxation | ||||||
| Technicians | 6,000 | 10,000 | (16,000) | |||
| Valentine Charitable |
Trust | 7,500 | (7,500) | |||
| Esmee Fairbairn | 1,157 | (86) | 1,071 | |||
| XPS | 9,000 | (9,000) | ||||
| Hobson Charity | Trust | 3,150 | (3,150) | |||
| Rothesay Life | 42,000 | (42,000) | ||||
| Mineworkers Pension |
Scheme & | |||||
| British Coal Staff Superannuation | ||||||
| Scheme | 7,752 | (7,752) | ||||
| The Moondance | Foundation | 4,160 | 4,160 | |||
| The 29th May 1961Charitable | ||||||
| Trust | 1,000 | (1,000) | ||||
| Total restricted | 46,807 | 438,420 | 479,996) | 5,231 | ||
| Total funds | 287,483 | 825,905 | 819,087) | 294,301 |
| 19 Analysis ofnet assets between funds | |||
|---|---|---|---|
| Unrestricted | |||
| Total funds at | |||
| General | Restricted | 31March 2021 | |
| Tangible fixed assets | 5,566 | 5,566 | |
| Current assets | 509,794 | 1,071 | 510,865 |
| Current liabilities | (89,373) | (89,373) | |
| Total net assets | 425,987 | 1,071 | 427,058 |
| Unrestricted | |||
| Total funds at | |||
| General | Restricted | 31March 2020 | |
| K | |||
| Tangible fixed assets | 8,450 | 8,450 | |
| Current assets | 311,671 | 5,231 | 316,902 |
| Current liabilities | (31,051) | (31,051) | |
| Total net assets | 289,070 | 5,231 | 294,301 |
| 20 Analysis ofnet funds | |||
| At 1April | At 31March | ||
| 2020 | Cash flow | 2021 | |
| Cash at bank and in hand | 226,809 | 189,509 | 416,318 |
| Net debt | 226,809 | 189,509 | 416,318 |