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|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|
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|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%|
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|||||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.|||||
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|||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|
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|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|
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|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%|
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|||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|
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|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|
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||||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|
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|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||
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|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)|
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|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|
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|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|
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|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|
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|||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|
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|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|
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|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|
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||||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|
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|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|
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