2022-03-31-accounts - Tax Volunteers

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Reference and Achninistrative	Reference and Achninistrative
Chair's Report		2to 3
Trustees' Report		4 to 8
Statement ofTmstees'	Responsibilities
Independent Auditor's	Report	10to 13
Statement ofFinancial	Activities	14
Balance Sheet		15
Statement ofCash Flows		16
Notes to the Financial	Statements	17to 31

					Unrestricted	Unrestricted	Restricted	Total 2022
2022					Note		f.
Income and Endowments			from:
Donations and legacies						197,189	343,300	540,489
Charitable activities							147,658	147,658
Investment income						20		20
Total Income						197,209	490,958	688,167
Expenditure on:
Raising funds						(36,724)		(36,724)
Charitable activities						(120,342)	(490,958)	(611,300)
Total Expenditure						(157,066)	(490,958)	(648,024)
Net income						40,143		40,143
Net movement in funds						40,143		40,143
Reconciliation offunds
Total funds brought		forward				425,987	1,071	427,058
Total funds carried	forward				18	466,130	1,071	467,201
					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	5,23I	294,301
Total funds carried	forward				18	425,987	1,071	427,058
All ofthe charity's	activities		derive from	continuing	operations	during the above	two periods.
The funds breakdown		for 2021 is shown		in note 18.

				2022	2021
			Note
Fixed assets
Tangible assets			12	4,703	5,566
				4,703	5,566
Current assets
Debtors Cash at bank	and in hand		13 14	93,539 414,586	94,547 416,318
				508,125	510,865
Creditors: Amounts		falling due within one year	15	(45,627)	(89,373)
Net current	assets			462,498	421,492
Net assets				467,201	427,058
Funds ofthe	charity:
Restricted				1,071	1,071
Unrestricted	income	funds
Umestricted				466,130	425,987
Total funds			18	467,201	427,058

Statement	ofCash F	lows for the	Year Ended 3	1March 2022
				2022	2021
			Note
Cash flows from operating activities
Net cash income				40,143	132,757
Adjustments to cash flows from non-cash		items
Depreciation				3,438	3,550
Investment income				(20)	(52)
				43,561	136,255
Working capital adjustments
Decrease/(increase) in debtors			13	1,008	(4,454)
(Decrease)/increase in creditors			15	(43,746)	58,322
Net cash flows from operating	activities			823	190,123
Cash flows from investing activities
Interest receivable and similar	income		5	20	52
Purchase oftangible fixed assets Saleoftangible fixed assets			12	(3,510) 935	(666)
Net cash flows from investing	activities			(2,555)	(614)
Net (decrease)/increase in cash	and cash equivalents			(1,732)	189,509
Cash and cash equivalents at I	April			416,318	226,809
Cash and cash equivalents at 31March				414,586	416,318

donors, activity costs are apportioned between fundrsi involved with each activity.	sing and charitable activities on the basis	ofthe pers
	2022	2021
Adsdce services	83'/0	81'/0
Tax education	6'/0	6'/0
Cost ofraising funds	7'/0	10'/0
Governance costs	4'/s	30/

		Unrestricted
		funds
			Restricted	Total	Total
		General	funds	2022	2021
HM Revenue k.Customs			270,000	270,000	270,000
Chartered Institute ofTaxation			30,000	30,000	20,000
Association ofTaxation	Technicians		13,300	13,300	10,000
XPS		15,000		15,000	12,000
The Julia and Hans Rausing Trust			30,000	30,000	80,000
Tax Advisers' Charitable	Trust	4,000		4,000	4,000
Estate ofMr FBClowes					74,920
HMRC CJRS					5,174
Gift aid and other donations		106,709		106,709	146,640
Donated facilities and services		71,480		71,480	131,413
Total income 2022		197,189	343,300	540,489	754,147
Total income 2021		368,973	385,174	754,147

is is ajoint initiative se tween the two charities.	t up by	Tax Volunteers	and TaxAid UK, whereby am	ounts received ar	e split equally
				2022	2021
BDO LLP					12,647
Deloitte				13,146	11,831
Freshfields				9,986	9,920
Kathleen Beryl Sleigh Charitable		Trust		5,000	20,000
London Legal Support				4,176
Slaughter and May					4,950
Tax Advisers' Charitable	Trust ithe Worshipful		Company ofTax Advisers)	4,000	4,000
Virtual CPD Events				25,210

Income from	charitable activities
		Restricted	Total	Total
		funds	2022	2021
AVIVA Life Services Ltd		32,650	32,650	32,650
Rothesay Life		84,000	84,000	52,500
Mineworkers	Pension Scheme &British Coal Staff
Superannuation	Scheme	31,008	31,008	31,008
		147,658	147,658	116,158

			Unrestricted
			funds	Total
			General	funds
			f.
Interest receivable	and similar income;
interest receivable		on bank deposits	20		20
Total for 2022			20		20
Total for 2021			52		52

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			2022	2021
Operating	leases	—other assets	(37,264)	(39,223)
Audit fees			(6,910)	(4,987)
Depreciation of		fixed assets	(3,438)	(3,550)

The aggregate payroll costs were as follows:
	2022	2021
Staff costs during the year were:
Wages and salaries	396,005	425,926
Social security costs	23,840	28,083
Pension costs	18,646	14,617
Other staff costs	915	(492)
	439,406	468,134

The monthly average number of persons employ expressed as full-time equivalents was as follows:	ed by the charity or working for the	benefit	of the cha	rity,
	2022		2021
	No		No
Raising funds		0.6		1.0
Advice services		8.1		8.3
Tax education		05		0.6
Support		5.8		5.6
Governance		0.4		0.4
		15.4		15.9

12 Tangible fixed as	sets
	Leasehold	Office	Computer	Call-centre
	improvements	equipment	equipment	equipment	Total
Cost
At 1 April 2021	10,905	31,433	39,104	19,228	100,670
Additions			2,822	688	3,510
Disposals			(935)		(935)
At 31March 2022	10,905	31,433	40,991	19,916	103,245
Depreciation
At 1 April 2021	10,637	31,049	35,049	18,369	95,104
Charge for the year	268	230	2,368	572	3,438
At 31March 2022	10,905	31,279	37,417	18,941	98,542
Net book value
At 31March 2022		154	3,574	975	4,703
At 31March 2021	268	384	4,055	859	5,566
13 Debtors
				2022	2021
Trade debtors				38,622	22,000
Prepayments				17,446	4,596
Other debtors				37,471	67,951
				93,539	94,547

		2022	2021
Cash at bank		414,586	416,318
15 Creditors: amounts	falling due within one year
		2022	2021
Trade creditors		2,917	1,842
Other taxation and social	security	6,873	18,222
Other creditors		5,587	63,107
Accruals		30,250	6,202
		45,627	89,373

Total future minimum lease payments under non-cancell	able operating leases are as follows:
	2022	2021
Land and buildings
Within one year	11,964	26,920
Other
Within one year	3,840	3,840
Between one and five years		3,840
	3,840	7,680

18 Funds
		Balance at 1	Incoming	Resources	Balance at31
		April 2021	resources	expended	March 2022
Unrestricted funds
General
General fund		425,987	197,209	(157,066)	466,130
Restricted funds
HM Revenue Sr.Customs			270,000	(270,000)
Aviva Life Services Ltd			32,650	(32,650)
Chartered Institute ofTaxation			30,000	(30,000)
Association ofTaxation
Technicians			13,300	(13,300)
Esmee Fairhairn		1,071			1,071
Julia and Hans Rausing	Trust		30,000	(30,000)
Rothesay Life			84,000	(84,000)
Mineworkers Pension Scheme Jk
British Coal Staff Superannuation
Scheme			31,008	(31,008)
Total restricted funds		1,071	490,958	(490,958)	1,071
Total funds		427,058	688,167	(648,024)	467,201

			Balance at 1	Incoming	Resources	Balance at31
			April 2020	resources	expended	March 2021
Unrestricted funds
General
General fund			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 of		Taxation
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		funds	5,231	501,332	(505,492)	1,071
Total funds			294,301	870,357	(737,600)	427,058

	Unrestricted
			Total funds at
	General	Restricted	31March 2021
		f.
Tangible fixed assets	4,703		4,703
Current assets	507,054	1,071	508,125
Current liabilities	(45,627)		(45,627)
Total net assets	466,130	1,071	467,201
	Unrestricted
			Total funds at
	General	Restricted	31March 2021
	f.	g
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

20 Analysis ofnet funds
	At 1April	Financing cash	At 31March
	2021	flows	2022
Cash at bank and in hand	416,318	(1,732)	414,586
Net debt	416,318	(1,732)	414,586