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|Trustees' and Directors' Report|Page
2-13|
|---|---|
|Statement ofTnrstees'
and Directors' Responsibilities|14|
|Independent
Examiner's
Report|15|
|Statement of Financial Activities|16|
|Balance Sheet||
|Notes to the Financial Statements|18-34|
##
|applicable
in the UK and Republic of Ireland (FRS 102)(effectiv|applicable
in the UK and Republic of Ireland (FRS 102)(effectiv|applicable
in the UK and Republic of Ireland (FRS 102)(effectiv|applicable
in the UK and Republic of Ireland (FRS 102)(effectiv|applicable
in the UK and Republic of Ireland (FRS 102)(effectiv|applicable
in the UK and Republic of Ireland (FRS 102)(effectiv|applicable
in the UK and Republic of Ireland (FRS 102)(effectiv|e
1 January 2|015).||
|---|---|---|---|---|---|---|---|---|---|
|REFERENCE AND ADMINISTRATIVE
INFORMATION||||||||||
|Charity number:|||||1102353|||||
|Company|number:||||4984410|||||
|Authorised||& regulated||by|the Financial Conduct Authority||FRN:|617548||
|Registered||office:|||Woodgate Chambers|||||
||||||70Woodgate|||||
||||||LOUGHBOROUGH|||||
||||||Leics, LE11 2TZ|||||
|Trustee Directors (at|||the|date ofthis report):||||||
||||||David Berry|Interim|Chair|||
||||||Kenneth
Anthony|||||
||||||Michael Higgs|Hon. Treasurer||||
||||||Kanishka
Narayan|||||
|Company|Secretary:||||lan Dennis|||||
|Senior management|||team:|||||||
||||||lan Dennis|Chief Officer||||
||||||Debbie Herbert|Deputy|Chief Officer / Operations||Manager|
|Independent||Examiner:|||Helen Harrison
MAAT|||||
||||||CBS(Accounting)|Limited||||
||||||Oak Business Centre|||||
||||||79-93Ratcliffe Road|||||
||||||Sileby|||||
||||||LOUG HBOROUGH|||||
||||||Leics LE12 7PU|||||
|Bankers:|||||The Co-operative|Bank p.l.c.||||
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|||Note|Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
||||Funds|Funds|2022|Funds|Funds|2021|
|Income from:|||||||||
|Donations
&gifts||4|4,496||4,496|5,957||5,957|
|Charitable
activities||5|63,499|206,049|269,548|63,928|169,678|233,606|
|Investment
income||6|680||680|410||410|
|Other||7|||||||
|Total income|||68,675|206,049|274,724|70,295|169,678|239,973|
|Expenditure
on:|||||||||
|Charitable
activities||9|(58,765)|(205,710)|(264,475)|(54,486)|(172,916)|(227,402)|
|||10,11|||||||
|Total expenditure|||(58,765)|(205,710)|(264,475)|(54,486)|(172,916)|(227,402)|
|Net income I|||9,910|339|10,249|15,809|(3,238)|12,571|
|(expenditure)
before|||||||||
|exceptional
item|||||||||
|Exceptional
items|||22,852||22,852|3,251||3,251|
|Net income forthe year|||32,762|339|33,101|19,060|(3,238)|15,822|
|Transfers
between|funds||2,641|(2,641)||(4,298)|4,298||
|Net movement
in funds|||35,403|(2,302)|33,101|14,762|1,060|15,822|
|forthe year|||||||||
|Reconciliation
offunds:|||||||||
|Total funds brought|||47,237|7,002|54,239|32,475|5,942|38,417|
|forward|||||||||
|Total
funds|carried|17a|82,640|4,700|87,340|47,237|7,002|54,239|
|forward|||||||||
##
|BALANCE SHE
As at 31 March|ET
2022|||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||2022||2021||
||||||Note|||||
|Fixed assets||||||||||
|Tangible assets|||||12|||||
|Current assets'||||||||||
|Debtors|||||13|33,421||10,604||
|Cash at bank and in|hand||||20|126,454||111,087||
||||||||159,875||121,691|
|Liabilities||||||||||
|Creditors: amounts|falling due within one year||||14|(40,648)||(16,313)||
||||||||(40,648)||(16,313)|
|Net current assets|||||||119,227||105,378|
|Creditors:
amounts|falling|due|after|more||||||
|than one year||||||||||
|Provision for liabilities|||||||(21,600)||(18,000)|
|Net assets before|defined|benefit pension|||||97,627||87,378|
|liability||||||||||
|Defined benefit pension funding|||liability||16||(10,287)||(33,139)|
|Total net assets|||||||87,340||54,239|
|Funds ofthe charity||||||||||
|Unrestricted
&
designated||funds||before|17|92,927||80,378||
|pension
reserve||||||||||
|Pension reserve||||||(10,287)||(33,139)||
|Unrestricted
and designated||funds|||||82,640||47,237|
|Restricted funds|||||17||4,700||7,002|
|Total charity funds|||||||87,340||54,239|
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|4
Donations|||||||||
|---|---|---|---|---|---|---|---|---|
|||Unrestricted||Restricted|Total 2022|Unrestricted|Restricted|Total 2021|
|Donations
and gifts|||4,496||4,496|5,957||5,597|
|Note that donations
including
Gift||Aid tax|recovery where appropriate.||||||
|5
Income from charitable|activities||||||||
|Grant and contract income||Unrestricted||Restricted|Total|Unrestricted|Restricted|Total|
|receivable for charitable|||||2022|||2021|
|activities.|||||||||
|Charnwood
Borough Council|||||||||
|Core advice|||62,428||62,428|62,428||62,428|
|Money Advice
Homelessness
support||||26,597
23,073|26,597
23,073||28,561
23,052|28,561
23,052|
|Welfare Benefit||||2,942|2,942||4,414|4,414|
|Communities
Fund Round|3|||4,934|4,934||||
|Household
Support Fund||||1,084|1,084||||
|Leicestershire
County Council|||||||||
|Core advice||||48,220|48,220||48,220|48,220|
|Covid 19Recovery Grant|||||||16,790|16,790|
|Round
1|||||||||
|Covid 19Recovery Grant|||||||533|533|
|Round 2|||||||||
|Community
Shop Money||||4,683|4,683||||
|Advice project
Deby advice project
Leicestershire
&
Rutland||||54,635|54,635||1,954|1,954|
|Community
Foundation
-Training|||||||||
|National
Citizens Advice|||||||||
|Help to Claim service||||22,288|22,288||24,895|24,895|
|Energy Best Deal IAdvice
BEISRemote Working||||8,093|8,093||4,800
3,620|4,800
3,620|
|Shepshed
Town Council||||9,500|9,500||9,500|9,500|
|Syston &District Volunteer
Centre|||1,071||1,071||||
|Total
income
from
charitable|||63,499|206,049|269,548|63,928|169,6?8|233,606|
|activities|||||||||
|6
Investment
income|||||||||
|||Unrestricted||Restricted|Total
2022|Unrestricted|Restrictedf|Total
2021|
|Interest received|||680||680|410||410|
|7
Other Income|||||||||
##
##
||||||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|(a) Movement
in Pension||Deficit Funding||||Obligation|||||||
|Deficit contributions|paid||||||||||5,768|5,598|
|Unwinding
ofdiscount —finance cost|||||||||||(260)|(856)|
|Re-measurement|of
liability||—Gain|/|(Loss)||arising|from|a change|in|153|1,491|
|assumptions|||||||||||||
|Re-measurement|—Gain|/|(Loss) arising|||from|amendment||to contribution||17,193||
|schedule|||||||||||||
|Gain arising|||||||||||22,852|3,251|
|(b) Pension
PAYE Liability|||||||||||||
|PAYE tax paid by employees|||due to incorrect deductions||||||||7,320||
|Direct expenses incurred|||||||||||120||
|Amounts
recovered|||||||||||(7,440)||
|Net|||||||||||||
|Total exceptional|gain||||||||||22,852|3,251|
##
##
##
##
##
|||||||2022|2022|2022|2021|2021|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||Full Time||Head|Full Time|Head|
|||||||Equivalent||Count|Equivalent|Count|
|The average|number
of paid|employees||analysed|by||||||
|function:|||||||||||
|Advice workers
and support staff
Key management
personnel|||||||4.2
1.8|7.0
2.0|4.0
1.6|8.0
2.0|
|Total||||||||9.0|5.6|10.0|
||||||||||2022|2021|
|Employment
costs
Wages and salaries
Social security costs
Other benefits —childcare vouchers|||||||||166,031
7,700
1,'961|128,547
5,169
240|
|Pension costs|—defined contribution||schemes||||||7222|6,256|
|Other pension|costs —defined benefit||schemes|—SVSPS|(see|note 16a)|||5,755|5,587|
|Other pension|costs —defined benefit||schemes|—Growth|Plan|(see note|16b)||11|11|
||||||||||188,680|145,810|
##
##
##
|Debtors||||
|---|---|---|---|
|||2022|2021|
|Trade debtors||14,562||
|Prepayments||9,240|7,431|
|Accrued income||2,299|3,173|
|Other debtors||7,320||
|||33,421|10,604|
|Creditors: amounts|falling due within one year|||
|||2022|2021|
|Trade creditors||1,751|3,182|
|Taxation and social
Deferred income *|security costs|2,453
12,149|1,992
2,953|
|Accruals||16,425|7,652|
|Other Creditors||7,320||
|Pension contributions||550|534|
|||40,648|16,313|
##
|The charity has the following
provision,
in addition to the pension
ob|ligations
in Note 16below.||
|---|---|---|
||Property||
|Balance at 1 April 2021||18,000|
|Statement offinancial activities impact:|||
|Charge forthe year||3,600|
|Amount
released|||
|Balance at 31March 2022||21,600|
##
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##
##
##
|||2022||2021|
|---|---|---|---|---|
|%|per|annum|%per|annum|
|||2.30||0.86|
||||31 Ilarch|31 March|
|---|---|---|---|---|
|Year|||2022|2021|
|Year 1 - 31 March||2023 (31 March 2022)|4,768|5,755|
|Year 2|||4,911|5,928|
|Year 3|||843|6,106|
|Year 4||||6,289|
|Year 5||||6,477|
|Year 6||||3,336|
|Gross amount payable|||10,522|33,891|
|Effect of discounting|||(248)|(795)|
|Amount|provided|at year end|10,274|33,096|
##
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##
|17
Movement
in Funds||||||||||
|---|---|---|---|---|---|---|---|---|---|
|17aCurrent year||||||||||
||||||Balance|Income|Expenditure|Transfer|Balance|
||||||at 31st|||between|at31st|
||||||March|||funds|March|
||||||2021||||2022|
|Unrestricted
funds||||||||||
|General Funds|||||64,375|68,575|(35,913)|(28,211)|68,927|
|Pension
Fund|||||(33,139)|||22,852|(10,287)|
|Total General funds|||||31,236|68,675|{35,913)|(5,359|58,640|
|Designated
fund —Equipment|||||16,000|||8,000|24,000|
|Total Unrestricted
funds|||||4?,236|68,675|(35,913)|2,641|82,640|
|Restricted funds||||||||||
|Charnwood
Borough
Council|||—Money|||26,597|(26,597)|||
|Advice (a)||||||||||
|Charnwood
Borough
Council|||—Welfare|||2,942|(3,036)|94||
|Benefit (b)||||||||||
|Charnwood
Borough
Council|||—|Covid|||{1&350)|||
|Recovery Grant (c)||||||||||
|Charnwood
Borough||Council||||23,073|{23,073)|||
|Homelessness
Prevention|(d)|||||||||
|Charnwood
Borough Council —Household||||||1,084|(1,084)|||
|Support Fund (e)||||||||||
|Citizens Advice - Energy|Advice||(f)|||8,093|(6,075)|(2,018)||
|Citizens Advice —Help to|Claim (g)|||||22,288|(19,848)|(2,440)||
|Citizens Advice —BEISRemote|||Working||844||(844)|||
|Fund (h)||||||||||
|Leicestershire
County Council||—Core|||4,402|48,220|(49,320)||3,302|
|Advice (i)||||||||||
|Leicestershire
County Council-||||||||||
|Signposting
and Community
Support||||(j)||||||
|Leicestershire
County Council||—Covid|||46||(46)|||
|Grant Round 2 (k)||||||||||
|Leicestershire
County Council—||||||4,934|{4,934)|||
|Communities
Fund —Round 3(I)||||||||||
|Leicestershire
County||Council||||4,683|(4,947)|264||
|Community
Shop (m)
Leicestershire
County|Council||— Debt|||54,635|(54,744)|109||
|Advice (n)
Shepshed
Town Council|—Outreach|||(o)|1,702|9,500|(9,812)||1,390|
|Total Restricted funds|||||?,002|206,049|(2059710)|(2,641)|4,700|
|Total funds|||||54,239|274,724|(241,623)||87,340|
##
|17
Movement
in Funds (continued)|17
Movement
in Funds (continued)|17
Movement
in Funds (continued)|17
Movement
in Funds (continued)||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|17b Prior year|||||||||||
|||||Balance|at|Income|Expenditure|Transfer|Balance|at|
|||||31st March||||between|31stMarch||
|||||2020||||funds|2021||
|Unrestricted
funds|||||||||||
|General Funds||||60,865||70,295|(51,235)|(145,549)|64,375||
|Pension
Fund||||(36,390)||||3,251|(33,139)||
|Total General funds||||24,475||70,295|(51,235)|(12,298)|31,236||
|Designated
fund - Equipment||||8,000||||8,000|16,000||
|Total Unrestricted
funds||||32,475||70,295|(51,235)|(2,298)|4?,236||
|Restricted funds|||||||||||
|Charnwood
Borough|Council||—Money||44|28,561|(28,929)|324|||
|Advice (a)
Charnwood
Borough|Council|—Welfare||||4,414|(5,247)|833|||
|Benefit (b)|||||||||||
|Charnwood
Borough|Council||—Covid|||3,339|(3,339)||||
|Recovery Grant (c)|||||||||||
|Charnwood
Borough
Council||||4,211||23,052|(31,434)|4,171|||
|Homelessness
Prevention
(d)|||||||||||
|Citizens Advice - Energy Advice|||(f)|||4,800|(2,331)|(2,469)|||
|Citizens Advice —Help to Claim
Citizens Advice —BEISRemote|||(g)
Working|||24,895
3,620|(29,697)
(2,776)|4,802||844|
|Fund (h)|||||||||||
|Leicestershire
County|Council|—Core|||15|48,220|(43,833)||4,402||
|Advice (i)|||||||||||
|Leicestershire
County|Council-||||||||||
|Signposting
and Community
Support (j)
Leicestershire
County Council —Covid||||||16,790|(9,516)|(7,274)|||
|Grant Round
1 (p)
Leicestershire
County|Council|—Round 2||||533|(487)|||46|
|(k)|||||||||||
|Leicestershire
&
Rutland||Community||||1,954|(2,962)|1,008|||
|Foundation —Grant re Training (q)
Shepshed
Town Council —Outreach
(o)||||1,664||9,500|(12,365)|2,903|1,702||
|Total Restricted funds||||5,942||16S,6?8|(172,916)|4,298|7,002||
|Total funds||||38,417||239,9?3|(224,151)||54,239||
##
##
##
|||Unrestricted|Restricted|Total 2022|Unrestricted|Restricted|Total 2021|
|---|---|---|---|---|---|---|---|
|||||||f.||
|Fund balances|at 31 March|||||||
|are represented|by:|||||||
|Tangible fixed|assets|||||||
|Net current assets||82,640|4,700|87,340|47,237|7,002|54,239|
|Total||82,640|4,700|87,340|47,237|7,002|54„239|
##
||||||||Property|Property||Other||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||2022||2021|2022|2021|
||||||||||f.||f.|
||Within one year||||||12,500||12,500|||
||Between two and|five years|||||||||1,541|
||After five years|||||||||||
|The|company
currently|occupies its Loughborough
offices under|||||a 'tenancy|at will'|whilst a new lease|||
|arrangement
is finalised.||||||||||||
|20|Analysis ofcash|and|cash|equivalents||||||||
|||||||||||2022|2021|
||Cash at bank|||||||||41,401|26,000|
||Cash on deposit at Building Society|||||||||85,000|85,000|
||Petty cash|||||||||53|87|
||Total cash and cash equivalents|||||||||126,454|111,087|
|21|Financial Instruments|||||||||||
||At the balance sheet date the Charity||||held the following||financial|||2022|2021|
||instruments:|||||||||||
||Financial assets|measured||at amortised||cost||||||
||Trade debtors, Accrued income and Other|||||Debtors||||24 181|3 173|
||Cash at bank, building||society and in hand|||||||126,454|111,087|
||Financial liabilities at||amortised cost|||||||||
||Creditors|||||||||1,751|3 182|
||Accru ala|||||||||16,975|8,186|
||Other Creditors|||||||||7,320||
||Financial liabilities at||fair value through|||income orexpenditure||||||
||Provisions|||||||||21,600|18 000|
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