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||||Contents||
|---|---|---|---|---|
|Reference and Administrative||Details|||
|Chair's Report||||2 to 3|
|Trustees' Report||||4 to 8|
|Statement ofTrustees'|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|
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||||Reference and Administrative|Reference and Administrative|Reference and Administrative|Reference and Administrative|Details|Details||
|---|---|---|---|---|---|---|---|---|---|
|Trustees|||P A Hamilton|||||||
||||A M Delorie (resigned||14November|||2022)||
||||SMitha CBE(resigned|||14November||2022)||
||||JG Whitehead|||||||
||||C SMuir|||||||
||||A M Mollett (Marian|Drew)||||||
||||BChapman
(resigned|20 April 2023)||||||
||||GJJones (appointed|14||November 2022)||||
||||A M Cullimore-Todd|(appointed|||14November||2022)|
||||JC Wakeman
(appointed|||17May 2023)||||
|Secretary|||JW M Crump|||||||
|Chief Executive Officer|||V Boggs|||||||
|Registered|Office||Unit 10|||||||
||||Pineapple
Business Park|||||||
||||Salway Ash|||||||
||||Bridport|||||||
||||Dorset|||||||
||||DT6 SDB|||||||
|Charity Registration||Number|1102276 in England &||Wales and SCO 45819||||Scotland|
|Company|Registration|Number|04894491|||||||
|Auditor|||Thompson
Jenner LLP|||||||
||||Statutory
Auditors|||||||
||||1 Colleton Crescent|||||||
||||Exeter|||||||
||||Devon|||||||
||||EX24DG|||||||
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||||||Unrestricted|Unrestricted|Restricted|Total 2023|
|---|---|---|---|---|---|---|---|---|
|2023|||||Note||||
|Income and Endowments|||from:||||||
|Donations
and legacies||||||304,847|313,233|618,080|
|Charitable
activities|||||||147,658|147,658|
|Investment
income||||||896||896|
|Total Income||||||305,743|460,891|766,634|
|Expenditure
on:|||||||||
|Raising funds||||||(39,162)||(39,162)|
|Charitable
activities||||||(292,488)|(449,241)|(741,729)|
|Total Expenditure||||||(33),630)|~449,241)|(780,891)|
|Net (expenditure)/income||||||(25,907)|11,650|(14,257)|
|Net movement
in funds||||||(25,907)|11,650|(14,257)|
|Reconciliation offunds|||||||||
|Total funds brought||forward||||466,130|1,071|467,201|
|Total funds carried|forward||||18|440,223|12,721|452,944|
||||||Unrestricted||Restricted|Total 2022|
|2022|||||Note||||
|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|
|All ofthe charity's|activities||derive from|continuing|operations|during the above two periods.|||
|The funds breakdown||for 2022 is shown||in note 18.|||||
##
##
|||Balance Sheet as at|31March 2023|||
|---|---|---|---|---|---|
|||||2023|2022|
||||Note|||
|Fixed assets||||||
|Tangible assets|||12|3,264|4,703|
|||||3,264|4,703|
|Current assets||||||
|Debtors|||13|139,066|93,539|
|Cash at bank|and in hand||14|351,426|414,586|
|||||490,492|508,125|
|Creditors: Amounts||falling due within one year|15|(40,812)|(45,627)|
|Net current|assets|||449,680|462,498|
|Net assets||||452,944|467,201|
|Funds ofthe|charity:|||||
|Restricted||||12,721|1,071|
|Unrestricted|income|funds||||
|Unrestricted||||440,223|466,130|
|Total funds|||18|452,944|467,201|
##
##
|Statement||ofCash F|lows for the|Year Ended 3|1March 2023||
|---|---|---|---|---|---|---|
||||||2023|2022|
|||||Note|||
|Cash flows from operating|activities||||||
|Net cash (expenditure)/income|||||(14,257)|40,143|
|Adjustments
to cash flows from non-cash|||items||||
|Depreciation|||||3,780|3,438|
|Investment
income|||||896)|(20)|
||||||(11,373)|43,561|
|Working capital adjustments|||||||
|(Increase)/decrease
in debtors||||13|(45,527)|1,008|
|Decrease in creditors||||15|(4,815)|(43,746)|
|Net cash flows from operating||activities|||(61,715)|823|
|Cash flows from investing
activities|||||||
|Interest receivable
and similar||income||5|896|20|
|Purchase oftangible
fixed assets||||12|(2,341)|(3,510)|
|Sale oftangible
fixed assets||||||935|
|Net cash flows from investing||activities|||(1,445)|(2,555)|
|Net decrease
in cash and cash||equivalents|||(63,160)|(1,732)|
|Cash and cash equivalents
at|I April||||414,586|416,318|
|Cash and cash equivalents
at|31 March||||351,426|414,586|
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||2023|2022|
|---|---|---|
|Advice services|83'/0|83'/o|
|Tax education|50/0|6'/0|
|Cost ofraising funds|7'/0|7'/0|
|Governance
costs|5'/0|4'/o|
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|Asset class|Depreciation|method and rate|
|---|---|---|
|Leasehold
improvements|Straight line over the life ofthe lease||
|Office equipment|4years straight|line|
|Computer
equipment|4 years straight|line|
|Call-centre
equipment|4years straight|line|
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|3
Income from donatio|ns|and legaci|es||||
|---|---|---|---|---|---|---|
||||Unrestricted||||
||||funds||||
|||||Restricted|Total|Total|
||||General|funds|2023|2022|
||||f||||
|HM Revenue &Customs||||271,583|271,583|270,000|
|Chartered
Institute ofTaxation||||30,000|30,000|30,000|
|Association ofTaxation|Technicians|||11,650|11,650|13,300|
|XPS|||15,000||15,000|15,000|
|The Julia and Hans Rausing||Trust||||30,000|
|Tax Advisers'
Charitable|Trust||4,000||4,000|4,000|
|The Beeching Trust|||5,000||5,000||
|Gift aid and other donations|||111,628||111,628|106,709|
|Donated facilities and services|||169,219||169,219|71,480|
|Total income 2023|||304,847|313,233|618,080|540,489|
|Total income 2022|||197,189|343,300|540,489||
|his is ajoint initiative
se
tween
the two charities.|t up by|Tax Volunteers|and TaxAid UK, whereby
am|ounts
received a|re split equally|
|---|---|---|---|---|---|
|||||2023|2022|
|Deloitte||||14,352|13,146|
|Freshfieids|||||9,986|
|Kathleen Beryl Sleigh Charitable||Trust||5,000|5,000|
|London Legal Support||||3,537|4,176|
|Norton Rose||||5,000||
|Tax Advisers'
Charitable|Trust (the Worshipful||Company ofTax Advisers)|4,000|4,000|
|Virtual CPD Events||||18,882|25,210|
##
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|||Restricted|Total|Total|
|---|---|---|---|---|
|||funds|2023|2022|
|AVIVA Life Services Ltd||32,650|32,650|32,650|
|Rothesay Life||84,000|84,000|84,000|
|Mineworkers|Pension Scheme &British Coal Staff||||
|Superannuation|Scheme|31,008|31,008|31,008|
|||147,658|147,658|147,658|
##
|||Unrestricted|||
|---|---|---|---|---|
|||funds|Total||
|||General|funds||
|Interest receivable|and similar income;||||
|Interest receivable on bank deposits||896||896|
|Total for 2023||896||896|
|Total for 2022||20||20|
##
##
##
|6
Expenditure|on ch|aritable
activ|ities|ities|||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||Cost of||||Governance||Total|Total|
||||raising|funds|Tax advice|Tax education|costs|Support costs|2023|2022|
|Staffcosts|||18,584||237,358|13,368|13,694|188,126|471,130|439,406|
|Gifts in kind|||||169,219||||169,219|71,480|
|Depreciation||||||||3,780|3,780|3,438|
|Telephone|||||13,808||||13,808|15,895|
|Postage and stationery|||||1,580|||2,130|3,710|4,822|
|Advertising
.||||||||||972|
|Legal and professional||fees|||||7,921|280|8,201|8,071|
|Volunteer
expenses|||||2,851||723||3,574|1,927|
|Rent, rates and services|||||25|||37,207|37,232|47,034|
|Bank charges||||||||222|222|307|
|Audit|||||||6,000||6,000|6,910|
|Insurance|||||||409|2,993|3,402|2,808|
|Repairs and maintenance||||||||9,224|9,224|1,431|
|Stafftravel and training|||||1,378|||7,268|8,646|6,486|
|Computer
costs||||||||42,076|42,076|35,825|
|Bridge The Gap|event expenses|||||||||455|
|Sundry||||||||667|667|757|
||||18,584||426,219|13,368|28,747|293,973|780,891|648,024|
|Support costs|||20,578||243,997|14,699|14,699|(293,973)|||
|Total expenditure|2023||39,162||670,216|28,067|43,446||780,891||
|Total expenditure|2022||36,724||543,376|31,234|36,690||648,024||
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|||2023|2022|
|---|---|---|---|
|Operating|leases - other assets|(34,541)|(37,264)|
|Audit fees||(6,000)|(6,910)|
|Depreciation offixed assets||(3,780)|(3,438)|
##
|9
Staffcosts
The aggregate
payroll costs were as follows:|||
|---|---|---|
||2023|2022|
|Staffcosts during the year were:|||
|Wages and salaries|391,955|396,005|
|Social security costs|34,614|23,840|
|Pension costs|14,656|18,646|
|Other staff costs|29,905|915|
||471,130|439,406|
|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,|
|---|---|---|---|---|
||2023||2022||
||No||No||
|Raising funds||0.6||0.6|
|Advice services||7.3||8.1|
|Tax education||0.4||0.5|
|Support||5.8||5.8|
|Governance||0.4||0.4|
|||14.5||15.4|
##
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|||2023|2022|
|---|---|---|---|
|Audit ofthe financial|statements|6,000|6,000|
|Other fees to auditors||||
|All other non-audit
services||3,860|3,860|
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|12 Tangible fixed as|sets|||||
|---|---|---|---|---|---|
||Leasehold|Office|Computer|Call-centre||
||improvements|equipment|equipment|equipment|Total|
|Cost||||||
|At 1 April 2022|10,905|31,433|40,991|19,916|103,245|
|Additions|||2,341||2,341|
|Disposals|(10,251)|(26,016)|(27,821)|(14,655)|(78,743)|
|At 31March 2023|654|5,417|15,511|5,261|26,843|
|Depreciation||||||
|At
1 April 2022|10,905|31,279|37,417|18,941|98,542|
|Charge for the year||154|2,651|975|3,780|
|Eliminated
on
disposals|(10,251)|(26,016)|(27,821)|()4,655)|~78,743)|
|At 31 March 2023|654|5,417|12,247|5,261|23,579|
|Net book value||||||
|At 31March 2023|||3,264||3,264|
|At 31 March 2022||154|3,574|975|4,703|
|13 Debtors||||||
|||||2023|2022|
|Trade debtors||||15,527|38,622|
|Prepayments||||5,480|17,446|
|Other debtors||||118,059|37,471|
|||||139,066|93,539|
##
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||||2023|2022|
|---|---|---|---|---|
|Cash at bank|||351,426|414,586|
|15 Creditors: amounts|falling due within|one year|||
||||2023|2022|
|Trade creditors|||2,066|2,917|
|Other taxation and social|security||5,674|6,873|
|Other creditors|||5,588|5,587|
|Accruals|||27,484|30,250|
||||40,812|45,627|
##
|Total future
minimum
lease payments
under non-cancell|able
operating
leases are as follows:||
|---|---|---|
||2023|2022|
|Land and buildings|||
|Within one year|21,450|11,964|
|Between one and five years|28,600||
||50,050|11,964|
|Other|||
|Within one year|3,208|3,840|
##
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|18 Funds||||||
|---|---|---|---|---|---|
||Balance at I||Incoming|Resources|Balance at31|
||April|2022|resources|expended|March 2023|
|Unrestricted
funds||||||
|General||||||
|General fund|466,130||305,743|(331,650)|440,223|
|Restricted funds||||||
|HM Revenue &Customs|||271,583|(271,583)||
|Aviva Life Services Ltd|||32,650|(32,650)||
|Chartered
Institute ofTaxation|||30,000|(30,000)||
|Association ofTaxation||||||
|Technicians|||11,650||11,650|
|Esmee Fairbairn||1,071|||1,071|
|Rothesay Life|||84,000|(84,000)||
|Mineworkers
Pension Scheme &||||||
|British Coal Staff Superannuation||||||
|Scheme|||31,008|(31,008)||
|Total restricted
funds||1,071|460,891|(449,241)|12,721|
|Total funds|467,201||766,634|(780,891)|452,944|
##
|||Balance at I|Incoming|Resources|Balance at31|
|---|---|---|---|---|---|
|||April 2021|resources|expended|March 2022|
|Unrestricted
funds||||||
|General||||||
|General fund||425,987|197,209|(157,066)|466,130|
|Restricted||||||
|HM Revenue|&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 Fairbairn||1,071|||1,071|
|Julia and Hans|Rausing Trust||30,000|(30,000)||
|Rothesay Life|||84,000|(84,000)||
|Mineworkers|Pension Scheme &|||||
|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|
##
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##
|||Unrestricted||||
|---|---|---|---|---|---|
|||||Total funds at||
|||General|Restricted|31|March 2023|
|Tangible|fixed assets|3,264|||3,264|
|Current|assets|477,771|12,721||490,492|
|Current|liabilities|(40,812)|||(40,812)|
|Total net assets||440,223|12,721||452,944|
|||Unrestricted||||
|||||Total funds at||
|||General|Restricted|31|March 2022|
|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|
|20 Analysis ofnet funds||||||
|||At 1April|Financing
cash|At 31March||
|||2022f|flows||2023|
|Cash at|bank and in hand|414,586|63,160)||351,426|
|Net debt||414,586|(63,160)||351,426|
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