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|---|---|---|---|
|Trustees'/Directors'|report||3-9|
|Independent<br>Examiner's<br>report|||IO|
|Statement oflinancial||activities||
|Balance sheet|||12|
|Cash flow statement|||13|
|Notes to the fiuancial||statements|14-25|





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|REFERENCE AND|REFERENCE AND|REFERENCE AND|ADMI|NISTRATIVE<br>INFORMATIO|N||||
|---|---|---|---|---|---|---|---|---|
|Charity number:||||1106738|||||
|Compauy|number:|||05190146|||||
|Authorised||AND regulated||by the Financial Conduct Authority||FRN: 617505|||
|Registered|oflice:|||8 Harpur Centre|||||
|||||Bedford|||||
|||||Bedfordshire|||||
|||||MK40 ITP|||||
|Trustees/Directors:||||Jane M. Mordue (Chair)||(appointed|on 27/01/22)||
|||||Duncan A. L.Gear (Treasurer)||(appointed|on 03/11/22)||
|||||Dr Thomas G.Jnskip|||||
|||||Mark Smith|||||
|||||Corinna Biermann-tVheattey||(resigned|on 12/12/22 —Treasurer|until 03/11/22)|
|||||Punckaj Pannar||(resigned|on 18/12/21)||
|||||Fraser Young||(resigned|on 18/11/21)||
|||||Gurdev K.Momi||(resigned|on 27/08/21)||
|Senior Management|||Team:|Gillian E.Grimes||Chief Executive (from 01/01/2022)<br>Deputy Chief Executive (until 31/12/2021)|||
|||||Mark S.Sutcliffe MBE||Chief Executive (until 31/12/2021)|||
|||||Benjamin F.Coutts||Service Delivery Manager|||
|||||Daniel C.Deacon||Service Delivery Manager|||
|Independcut||Examiner:||George Hay Partnership|LLP||||
|||||Brigham House|||||
|||||High Street|||||
|||||Biggleswade|||||
|||||Bedfordshire<br>SG18 OLD|||||
|Banketsn||||Unity Trust Bank Pic|||||
|||||9Brindley Place|||||
|||||Birmingham|||||
|||||Bl 2HB|||||





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|||||Unrestricted|Restricteil|Total|Unrestiicted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|---|
||||Note|Funds|Funds|2022|Filllds|Funds|2021|
|||||f.|||f.|||
|Income from.'||||||||||
|Donations<br>and legacies|||2|126||126|1,000||1,000|
|Charitable<br>activities|||3|170,795|352,676|523,471|187,582|402,808|590,390|
|Activities for generating||funds|4||||2,490||2,490|
|lnvesunents|||5|1,083||1,083|1,540||1,540|
|Totalinconie||||172,004|352,676|524,680|192,612|402,808|595,420|
|Expenditure<br>on:||||||||||
|Charitable<br>activities|||6,7|214,372|300,505|514,877|241,960|271,520|513,480|
|Total expenditure||||214,372|300,505|514,877|241,960|271,520|513,480|
|Net income/(expenditure)||||||||||
|before transfer||||(42,368)|52,171|9,803|(49,348)|131,288|81,940|
|Transfers<br>behveen|funds||18,19|121,447|(121,447)||132,981|(132,981)||
|Net moveinent<br>in funds||||79,079|(69476)|9,803|83,633|(1,693)|81,940|
|Reconciliation offunds.||||||||||
|Total funds brought||||||||||
|fonvard at 01 April|2021|||214,655|961306|310,961|131,022|97,999|229,021|
|Total fuuds carried||||||||||
|fonvard at 31March 2022||||293,734|27)030|320,764|214,655|96,306|310,961|





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||||||2022|||2021||
|---|---|---|---|---|---|---|---|---|---|
||||Note||||||f|
|Fixed assets||||||||||
|Tangible assets|||13|||2,913|||4,701|
|Current<br>assets||||||||||
|Debtors|||14|66,709|||40,777|||
|Short-tenn<br>Investment||deposits||91,820|||145,G91|||
|Cash at bank and in|hand||24|229,984|||172,8GO|||
|||||388,513|||359,328|||
|Liabilities||||||||||
|Creditors;<br>amounts|falling due|||||||||
|ivithin one year|||15|(70,662)|||(53,068)|||
|Net currcut assets||||||317,851|||306,260|
|Total assets less current liabilities||||||320,764|||310,961|
|Total net assets||||||320)764|||310,961|
|Funds ofthe charity||||||||||
|Unrestricted<br>funds:|||18|||||||
|General funds||||1651988|||69,735|||
|Designated<br>funds||||127)746|||144,920|||
|||||||293,734|||214,655|
|Restricted funds|||19|||27,030|||96,306|
|Total charity funds|||20|||320,764|||310,961|





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|||||Note|2022|2021|
|---|---|---|---|---|---|---|
|Cash flo&vs from|operating<br>activities:||||||
|Net cash provided|by operating|activities||23|2,170|75,853|
|Cash floivs from|lavesting<br>activities:||||||
|Dividends,<br>interest|and rents from|investnients||5|1,083|1,540|
|Purchase oftangible<br>fixed assets||||13||(5,365)|
|Net cash provided|by iuvcsting|activities|||1,083|(3,825)|
|Increase<br>/ (decrease)<br>in cash and||cash|equivalents||||
|in the reporting<br>period|||||3i253|72,028|
|Cash and cash equivalents<br>at the||beginning ofthe|||||
|repoiting<br>period|||||318,551|246,523|
|Cash<br>and<br>cash|equivalents<br>at|the|end of the||||
|reporting<br>peiqod||||24|321,804|318,551|





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|2|Donations<br>and legacies|||||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||Funds|Funds|2022|202I|
||||||5||f.|
||Donations<br>and gigs|||126||126|i,000|
|3|Income from charitable|activities||||||
||Grants aud contract income receivable|||Unrestricted|Restricted|Total|Total|
||for charitable<br>activity —advice||and|Funds|Funds|2022|202l|
||information||||5||f,|
||Geueral Advice'.|||||||
||Bedford Borough Council —Core Contract|||152,500||1521500|152,500|
||Universal<br>Credit Support|—Help|to Claim||24,487|24,487|26,510|
||Energy Projects||||||20,922|
||Other grants|||585|15,000|15,585|3,640|
|||||153,085|39,487|192)572|203,572|
||Debt Advice:|||||||
||Money and Pensions Service||||146,143|146,143|213,167|
||House ofIndustry —Debt Housing||||73,041|73,041|72,826|
||||||219,184|219,184|285,993|
||Benefits AND IVelfare Advice:|||||||
||Bedford Borough Council —IVelfare Benefits||||40,005|40,005|40,005|
||The Harpur Trust||||54,000|54,000|49,000|
||Benefits Advice Service|||17,710||17,710|11,820|
|||||17,710|94,005|111)715|100,825|
||Total income from charitable||activities|1.70,795|352,676|523,471|590,390|
|4|Activities for generating|funds||||||
|||||Uurestricted|Restricted|Total|Total|
|||||Fumls|Funds|2022|2021|
|||||5|||5|
||Roon& hire||||||2,100|
||Other hlconle||||||390|
||||||||2,490|





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|lnvestnicnts||||||||||
|---|---|---|---|---|---|---|---|---|---|
||||||Unrestricted||Restricted|Total|Total|
|||||||Fumls|Funds|2022f|2021<br>f|
|interest received||||||1&083||1,083|1,540|
|||||||1)083||1,083|1,540|
|Expenditure|on charitable<br>activities|||by fund||||||
||||||Unrestricted||Restricted|Total|Total|
|||||||Funds|Fundsf|2022|2021|
|General Advice||||||214,372|41,166|255,538|255,973|
|Debt Advice|||||||167,917|167,917|165,867|
|Benefits AND welfare|||Advice||||91,422|91,422|91,640|
|||||||214,372|300,505|514,877|513,480|
|Analysis of|expenditure||ou charitable|activities||||||
||||Basis of||General|Debt|Bcuegts|Total|Total|
|||Allocation|||Advice|Advice|Advice|2022|2021|
||||||||||f.|
|Direct costs;||||||||||
|Salaries and|wages||Direct||133,571|111)756|56,558|301)885|339,915|
|Staff and volunteers|||Direct||1,198|819|216|2)233|3,568|
|Office costs||Direct|||2,601|930|924|4,455|1,242|
|Premises costs|||Direct||16,269|||16,269||
|Governance||Direct||||||||
|Other costs||Direct|||410|||410||
||||||154,049|113,505|57,698|325,252|344,725|
|Support costs:||||||||||
|Salaries AND wages|||Staff/Hrs||42,543|24,052|13,055|79,650|78,994|
|Staffand volunteers|||Staff/Hrs||3,923|3,973|1,748|9,644|5,134|
|Office costs|||Staff/Hrs||26485|14318|8,278|48,681|30,047|
|Premises costs|||Staff/Hrs||23,421|9)479|8,427|41,327|49,427|
|Governance|costs||Staff/Hrs||4,510|2832|1,851|8,593|4,436|
|Other costs||Staff/Hrs|||807|558|365|1,730|717|
||||||101,489|54,412|331724|189,625|168,755|
|Total expenditure||on||||||||
|charitable|activittos||||255,538|167,917|91,422|514,877|513,480|



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|8<br>Nct incoming resources for the year|8<br>Nct incoming resources for the year|2022|2021|
|---|---|---|---|
||||f.|
|This is stated affer charging||||
|Opemting<br>leases —land AND|buildings|36,942|43,625|
|Exalniner's<br>relnuneration:||||
|Independent<br>exmnination||3,000|3,300|
|Depreciation<br>mid Impairment|Charges|1,788|664|




|Employees|2022|2021|
|---|---|---|
||Head|Head|
||Couii1|Couiit|
|Number ofemployees|||
|The average number ofemployees,|||
|analysed<br>by function was:|||
|Advice ivorkers and support staff|13|14|
|Key nianagement<br>personnel|4|4|
||17|18|
||2022|2021|
|Eroployment<br>costs|g||
|IVages and salaries|343,895|379,457|
|Social secttiity costs|275623|30,113|
|Pensions costs|10,017|9,339|
||381,535|418,909|





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|13|Fixed Assets||||
|---|---|---|---|---|
|||Coniputer|Fixtures|Total|
|||AND Ottlcc|AND Fittings||
|||Equipmentf|||
||Cost||||
||At I April 2021|5,365||5,365|
||Additions||||
||At 31March 2022|5,365||5,365|
||Depreciation||||
||At I April 2021|664||664|
||Charge for the year|1,788||1,788|
||At 31March 2022|2,452||2,452|
||Net bookvalue||||
||At 31March 2022|2,913||2,913|
||At 31March 2021|4,701||4,701|





|14|Debtors||2022|2021|
|---|---|---|---|---|
|||||f|
||Accounts receivable||38,125||
||Pfepaynlents||1,306|585|
||Accrued income||27)177|40,192|
||Other debtors||101||
||||66,709|40,777|
|15|Creditoleu<br>anlounts|falling due within one year|2022f|2021|
||Accounts payable||2&735||
||Social security costs||7,125|7,631|
||Accruals||27,513|45,301|
||Deferred income||33489||
||Other creditors|||136|
||||70,662|53,068|



|follolving|year or|else to be retunled<br>to funder; totalling f3|3290in 2022 (2021:f Nit):||
|---|---|---|---|---|
||||Money AND|Help to|
||||Pensionsf|Claimf|
|Balance|as at 01|April 2021|||
|Amount|released|to incolne canted|||
|Amount|deferred|in year|31,359|1,931|
|Balance|as at31March 2022||31,359|1&931|





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|17|Financial instruments||||||2022|2021|
|---|---|---|---|---|---|---|---|---|
|||||||||g|
||Financial assets||||||||
||Financial<br>assets measured|at fair value|tluough|profit|AND loss:||||
||-Cash at bank and in hand||||||229,984|172,860|
||- Short tenn deposits||||||91,820|145,691|
||-Accounts receivable||||||38,125||
||- Prepayments||||||1,306|585|
||-Accrued income||||||27,177|40,192|
||- Other debtors||||||101||
||||||||388,513|359,328|
||Financial liabilities||||||||
||Financial assets measured|at fair value|through|profit|AND loss:||||
||-Accounts payable||||||2,735||
||-Taxation and social security costs||||||7,125|7,631|
||-Accruals||||||27&513|45,301|
||-Deferred income||||||33389||
||-Other creditors|||||||136|
||||||||70,662|53,068|
|18|Unrestricted<br>funds||||||||
||||Balauce at||||Transfer|Balance at|
||||01April||Incoming|Resources|Between|31March|
|||||2021|resources|expeuded|Fuuds|2022|
|||||||K|||
|General funds||||69,735|172,004|214,372|138,621|165,988|
|Designated<br>funds: Reserves policy|||144,920||||(17,174)|127&746|
|Total|Unrestricted<br>fuuds||214,655||172,004|214,372|121,447|293,734|





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|19|Restricted|funds||||||
|---|---|---|---|---|---|---|---|
||The income|funds ofthe charity include restricted<br>fimds||comprising<br>the|folloiving<br>unexpended<br>balances||ofgrants received|
||for specific putiioses;|||||||
||||Balance at|||Transfer|Balance at|
||||01April|Incoming|Resources|Benveen|31 March|
||||2021f|resources|expended<br>f.|Funds|2022|
|Universal<br>Credit —Help to Claim|||40,472|24,487|24,487|(40,472)||
|Money and Pensions Service||||146,143|113,229|(32,914)s||
|House|ofIndustry||42,055|73,041|54,687|(60,409)s||
|Bedford Borough <br>The Harpur Trust||TVelfare Benefits|(10,084)<br>22,563|40,005<br>54,000|41,889<br>49,533|11,968|27,030|
|Other|||1,300|15,000|16,680|380||
|Total|||96,306|352,676|300,505|(121,447)|27)030|



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|Analysis of|net assets between|funds|funds||||
|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted||
|||||funds|fll 1 id s|Total|
|||||8|8||
|Fund balances at 31March 2022|||are||||
|represented|by:||||||
|Tangible fixed assets||||2,913||2,913|
|Net current|assets|||290,821|27,030|317,851|
|||||293,734|27,030|320,764|
|||||Unrestricted|Restricted||
|||||funds|fimds|Total|
||||||f.|f|
|Fund balances at 31 March 2021|||are||||
|represented|by:||||||
|Tangible fixed assets||||4,701||4,701|
|Net current|assets|||209,697|96,306|306,003|
|||||214,398|96,306|310,704|



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||Land and buildings|Land and buildings||Other||
|---|---|---|---|---|---|
||2022|2021|2022||2021|
||8|||||
|IVithln olla year|15,141|3,750|19692||1,515|
|Between one and five years|95,064|||||
|Over 5 years|26,141|||||



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|23|Reconciliation<br>ofcash flows from operating|Reconciliation<br>ofcash flows from operating|Reconciliation<br>ofcash flows from operating|activities||2022|2021|
|---|---|---|---|---|---|---|---|
||||||||f|
||Net income/(expenditure)<br>for the reporting||period|||9)803|81,940|
||Add: Depreciation<br>charge|||||1,788|6G4|
||Less: Dividends,<br>interest<br>and rents front investments|||||(1,083)|(1,540)|
||(Increase) / decrease|in debtors||||(25,932)|(19,448)|
||Increase /(decrease)|in creditors and provisions||||17,594|14,237|
||Net cash provided|by operating<br>activities||||2,170|75,853|
|24|Aualysis ofcash aud cash equivalents|||||2022|2021|
||Cash at bank and in|hand||||2291984|172,8GO|
||Notice deposits|||||91,820|145,691|
||Total cash and cash equivalents|||||321)804|318,551|
|24A|Analysis ofchanges|in net debt||||||
||||||At start|Cashflows|At end|
||||||ofyear|in year|ofyear|
||Cash||||172,860|57,124|229,984|
||Cash equivalents||||145,691|(53,871)|91,820|
||||||318,551|3,253|321,804|



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