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2021-03-31-accounts

ADVICE SERVICES ALLIANCE

UNAUDITED TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

Company Number: 3533317 (England and Wales) Charity Number: 1112627

ADVICE SERVICES ALLIANCE

Contents

Page

Legal and administrative information 1
Trustees’ report 2
Independent Examiner’s report 10
Statement of financial activities 11
Balance sheet 12
Principal accounting policies 13
Notes to the financial statements 16

ADVICE SERVICES ALLIANCE

Legal and administrative information

Trustees

Co-opted Board Members:

Martin Barnes Julie Bishop John Edwards Ruth Hayes John Roberts Cassandra Harrison (from April 2020) Leanne Devine (from September 2020) Sean Conroy (from September 2020)

Officers

Chair Ruth Hayes (until July 2021) Vice Chair John Edwards Treasurer John Roberts Company Secretary Lindsey Poole Chief Executive Lindsey Poole Staff Dawn Draper Rachel Russell Volunteers David Pincott (Covid19 Campaign) Kani Kundu (Future workforce report) Consultants Tessa Awe Anita Sangha Patron Lord Low of Dalston Company Number 3533317 (England and Wales) Charity Number 1112627 Registered Office Tavis House 1-6 Tavistock Square London WC1H 9NA Business Address 7[th] Floor, Tavis House 1-6 Tavistock Square London WC1H 9NA Independent Examiner Catherine Biscoe Buzzacott LLP 130 Wood Street London EC2V 6DL Solicitors Russell-Cooke 2 Putney Hill Putney London SW15 6AB Bankers Unity Trust Bank Plc Nine Brindley Place Birmingham B1 2HB

Page 1

ADVICE SERVICES ALLIANCE

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021

The Trustees of Advice Services Alliance present their report and the financial statements for the year ended 31 March 2021.

The report has been prepared in accordance with Part 8 of the Charities Act 2011 and equates to a directors’ report for the purposes of company legislation.

The financial statements comply with current statutory requirements, the memorandum and articles of association and have been prepared in accordance with the accounting policies on pages 13 to 15 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102).

The Trustees have complied with the duty in section 4 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission when reviewing our aims and objectives and in planning our future activities.

Objectives and activities

Charitable objects

The Charitable objects of the Advice Services Alliance as adopted on the 28th February 2020 by special resolution are as follows:

(1) to promote for the benefit of the public the parts of the Voluntary Sector which provide advice services by providing training, services, support and assistance to enable Voluntary Sector advice organisations to provide high quality advice services and the public to access those services and by promoting co-operation between Voluntary Sector advice organisations and statutory authorities and other bodies;

(2) to advance education for the benefit of the public in particular by the development of high quality advice services and by the provision of educational material including educational resources relating to advice services and an information service on the internet.

Activities

The activities of the Advice Services Alliance are:

‘”To promote voluntary sector advice services by providing members services, support and assistance, to enable advice organisations to provide high quality services and the public to access those services, by promoting cooperation between voluntary sector advice organisations, statutory authorities and other bodies. To advance education of the public through the development of high quality advice.”

Page 2

ADVICE SERVICES ALLIANCE

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021

Achievements and performance

The ASA Board of Trustees held their annual strategy day at the end of February 2020. By this time, it was becoming clear that the threat of Covid 19 was serious and that this would have a major impact of all parts of society including the ASA and our members.

This year represented the second year in our three year transformation strategy, representing the time when we planned to make the change towards a new structure and purpose. The Trustees therefore set the annual objectives for 2020-2021 as:

When the national lockdown was announced a number of key decisions were taken by the trustees to secure the future of the Advice Services Alliance:

The main achievements of the year April 2020 to March 2021 are therefore split into the first quarter, followed by the remaining three financial year quarters:

First Quarter:

Page 3

ADVICE SERVICES ALLIANCE

Achievements and performance (continued)

First Quarter (continued):

Last Three Quarters

The focus of the last three quarters of the year again was on highlighting issues and problems for the voluntary social welfare advice sector. This included:

Despite the uncertainty created around Covid 19, the year ended with greater optimism about the role of advice in the recovery from the pandemic and with a good outlook for new partnerships and projects into the next year.

We would like to pay tribute to the staff team (Dawn and Rachel) for their incredible endurance during the most difficult year and our consultants who have stuck with us (Samuel, Tessa and Anita). An enormous thank you to the incredible volunteers, David and Kani who supported the ASA so generously with their time and expertise. Without our people we are nothing and all our achievements belong to you.

Page 4

ADVICE SERVICES ALLIANCE

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021

Financial review

Financial report for the year

The charity had expenditure on unrestricted funds of £76,130 (2020 – £68,876) and £88,217 of income on unrestricted funds (2020 – £80,116) which resulted in a surplus for the year of £12,117 (2020 –surplus of £11,240). Together with the accumulated surplus brought forward from previous years, the charity now has an accumulated surplus on unrestricted funds in the sum of £118,599 (2020 – £106,482).

The charity received £47,714 of restricted funding (2020 - £81,419) for two projects, as detailed in note 10, and at 31 March 2021 all restricted funds had been fully spent (2020 – unspent restricted funds of £nil).

Reserves policy

The trustees have established a policy whereby the charity’s ‘free’ reserves, being total unrestricted funds excluding designated funds, should be between three and six months of the charity’s operational expenditure, in order to provide the charity with sufficient working capital to fund its existing charitable commitments . Based on the financial performance for 2020/21, free reserves should be in the range of £31,000 and £62,000.

At this level, the Trustees feel that they would be able to continue the activities of the charity in the event of a significant drop in funding. In such circumstances, the Board would consider how funding would be replaced or activities changed. At present the free reserves as represented by the General Fund amount to £73,959 and are in excess of the upper range set by the Trustees.

Designated funds

The funds of the charity include the following designated funds that have been set aside out of unrestricted funds by the Trustees for a specific purpose.

The amount of the fund and movements in the year are shown in note 10 in the accounts.

Fund raising

The charity does not fundraise directly with individuals and therefore is not registered with the Fundraising Regulator. No fundraising activities are undertaken.

Investment policy and performance

Cash reserves are monitored and any funds not required to fund current operations will be held in a high-interest deposit account.

Page 5

ADVICE SERVICES ALLIANCE

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021

Structure, governance and management

Constitution

Advice Services Alliance is constituted as a charity and a company limited by guarantee. Advice Services Alliance governing document is its Memorandum and Articles of Association which was recently updated and approved by the Board of Trustees on 28[th] February 2020. The makes a clear distinction between the membership and the Board of Trustees in order to avoid real or perceived conflicts of interest. Member organisations do not automatically gain seats on the Board, although member organisations are entitled to nominate people to stand as Trustees.

Membership

Advice Services Alliance was established in 1980 and is the umbrella body for voluntary advice and information services. Our members are national networks for independent advice services in England and Wales, some of which also cover other countries within the UK. Together, the members represent some 1,800 advice organisations, most of which provide services locally. The membership for the year 2020-2021 comprised of the following network bodies:

Relationship with members

Advice Services Alliance works closely with its member organisations in a number of ways:

This year, our contact with members has primarily focused on the impact of Covid19 on the sector and the issues this presents to our clients and to our communities’ recovery from the pandemic.

Page 6

ADVICE SERVICES ALLIANCE

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021

Structure, governance and management (continued)

Risk management

The Trustees have assessed the major risks to which Advice Services Alliance is exposed and this is presented in the form of a Risk Assessment document. The key risk for all voluntary organisations during this year was:

However, the other main risks which we had identified in previous years still remain. These are:

The Board review the Risk Assessment on a quarterly basis and adjust strategy accordingly including reviewing the mitigating actions. For the three risks identified here, the following mitigation is in place:

The Board is satisfied that there are adequate systems in place to mitigate exposure to the main risks.

Key management personnel

The Trustees consider that the Board of Trustees and the Chief Executive comprise the key management personnel in charge of directing and controlling, running and operating the charity on a day to day basis.

The Trustees give their time freely and no trustees received remuneration in the year (2019 - £nil).

The pay of the Chief Executive is reviewed annually. The review is undertaken by the Trustees at the end of the financial year. Any changes to pay and benefits are determined by reference to average local authority pay settlements.

Trustees

In accordance with the Articles of Association, each member has the right (but not an obligation) to appoint two Trustees to the organisation. The Trustees have the power to appoint co-opted Trustees.

The Trustees perform the role of Directors in company law and are the Trustees in charity law.

Page 7

ADVICE SERVICES ALLIANCE

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021

Structure, governance and management (continued)

Trustees (continued)

Those who served during the year and to the date of this report were:

Trustee Appointed/Resigned in the year Martin Barnes (independent trustee) Julie Bishop (member representative LCN) Alice Copping (independent trustee) Resigned July 2021 John Edwards (member representative Age UK) Ruth Hayes (indépendant trustee) John Roberts (independent trustee)

Trustee training and induction

Trustees are inducted by the Board and the Advice Services Alliance Chief Executive, who together provide induction sessions as appropriate. Most Trustees are either senior staff in organisations providing advice services (some of which are also members of the Advice Services Alliance) or independent trustees with a strong personal or professional interest in advice work. Most trustees have worked closely with Advice Services Alliance in the past and are therefore familiar with the work of the organisation when they join the Board.

Officers

The Trustees must appoint one of themselves as Chair of the organisation. The Trustees appointed Ruth Hayes as Chair in March 2020. The Trustees may also appoint one of themselves as Vice-Chair, and may appoint a Treasurer or other officers. The Trustees appointed John Roberts as Treasurer in December 2016. The Trustees must appoint a Secretary, who need not be a Trustee. The Company Secretary is Lindsey Poole.

Decision making

The Board of Trustees meets quarterly, and is responsible for the governance and strategic management of the organisation. This includes:

Responsibility for the operational management of the organisation is delegated to the Chief Executive. This includes responsibility for:

The Chief Executive’s delegated decision making powers are exercised in accordance with agreed policies, procedures and protocols (for example relating to financial management and working with members).

Page 8

ADVICE SERVICES ALLIANCE

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021

Structure, governance and management (continued)

Trustees (continued)

Statement of trustees’ responsibilities

The trustees (who are also directors of Advice Services Alliance for the purposes of company law) are responsible for preparing the trustees’ report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the income and expenditure of the charitable company for that period.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

The trustees’ report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies including the exemption from preparing a strategic report.

Signed on behalf of the trustees by:

Trustee

Approved by the trustees on 9 December 2021

Page 9

ADVICE SERVICES ALLIANCE

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ADVICE SERVICES ALLIANCE

I report to the charity trustees on my examination of the financial statements of the charitable company for the year ended 31 March 2021.

Responsibilities and basis of report

As the trustees of the charitable company and also its directors for the purposes of company law, you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the financial statements of the charitable company are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of your charity’s financial statements as carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner’s statement

I have completed my examination. I confirm that no matters have come to my attention in connection with my examination giving me cause to believe in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Catherine Biscoe Buzzacott LLP Chartered Accountants 130 Wood Street London EC2V 6DL

Date: 21 December 2021

Page 10

ADVICE SERVICES ALLIANCE

STATEMENT OF FINANCIAL ACTIVITIES

(Including Income and Expenditure Account)

For the year ended 31 March 2021

Notes Unrestricted
funds
£
Restricted
funds
£		 Year to
31 March
2021
Total
£		 Unrestricted
funds
£		 Restricted
funds
£		 Year to
31 March
2020
Total
£
Income
Charitable activities
1
Total income
Expenditure
Charitable activities
2
Total expenditure
Net income / (expenditure) for the
year
Net movement in funds
Balance brought forward
at 1 April 2020
Balance carried forward
at 31 March 2021
10
88,217		 47,714 135,931 80,116 81,419 161,535
88,217 47,714 135,931 80,116 81,419 161,535

76,130		 47,684 123,814 68,876 91,480 160,356
76,130 47,684 123,814 68,876 91,480 160,356
12,117 — 12,117 11,240 (10,061) 1,179
106,482 — 106,482 11,240
95,242		 (10,061)
10,061		 1,179
105,303
118,599 — 118,599 106,482 — 106,482

All activities derive from continuing operations.

All recognised gains and losses are included in the statement of financial activities.

Page 11

ADVICE SERVICES ALLIANCE

Balance sheet 31 March 2021

Notes 31 March
2021
£		 31 March
2020
£
Current assets
Debtors
8
Cash at bank and in hand
Creditors: amounts falling due within one year
9
Net assets
The funds of the charity:
Funds
Restricted funds
Unrestricted funds
. Designated funds
. General fund
10		 18,022
119,472		 37,952
81,866
137,494
(18,895)		 119,818
(13,336)
118,599 106,482
—
45,000
73,599		 —
45,000
61,482
118,599 106,482

For the year ended 31 March 2021, the company was entitled to exemption from audit under section 477 of the Companies Act 2006, relating to small companies.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Approved by the board of trustees and signed on its behalf by:

Trustee

Company registration number 3533317 (England and Wales)

Approved on 9 December 2021

Page 12

ADVICE SERVICES ALLIANCE

Principal accounting policies 31 March 2021

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are laid out below.

Basis of preparation

These financial statements have been prepared for the year to 31 March 2021.

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) (Charities SORP FRS 102) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention unless otherwise stated in the relevant accounting policies below.

The charity constitutes a public benefit entity as defined by FRS 102.

The financial statements are presented in sterling, the charity’s functional currency, and are rounded to the nearest pound.

Critical accounting estimates and areas of judgement

Preparation of the accounts requires the Trustees and management to make significant judgements and estimates.

Other than noted in the “assessment of going concern” the Trustees do not consider that there are any sources of estimation uncertainty or key judgements made in the preparation of the financial statements.

Assessment of going concern

The Trustees have assessed whether the use of the going concern assumption is appropriate in preparing these accounts. The Trustees have made this assessment in respect to a period of one year from the date of approval of these financial statements.

The full impact of the global coronavirus pandemic is still unknown and it is therefore not currently possible to evaluate all the future implications for the charity’s activities, funders and the wider economy. An immediate impact was the furlough of staff and a temporary loss of income however the trustees are satisfied that the business continuity measures put in place, together with the charity’s cash reserves, would allow the charity to continue to operate for the ensuing year.

The Trustees having considered the future impact of the pandemic on the charity’s future funding commitments, have concluded that although there may be some negative consequences, it is appropriate for the charity to continue to prepare its accounts on the going concern.

Page 13

ADVICE SERVICES ALLIANCE

Principal accounting policies 31 March 2021

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Income

Income from charitable activities includes income received under contracts for the provision of services and grant funding which is subject to specific performance conditions. Income from the provision of services is recognised as earned as the related services are provided and is stated after discounts and net of Value Added Tax.

Grant income is recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. Grant income from charitable activities is only deferred when:

Training and subscription income is deferred when received in advance of the training taking place or the subscription being used.

License income represents an assignment of rights for a fixed fee and permits the licensee to exploit those rights freely. The charity, as licensor, has no remaining obligations to perform under the terms of the license agreement and revenue is recognised at the time the license is sold.

Expenditure

Expenditure is recognised once there is a legal and constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Expenditure on charitable activities comprises:

Page 14

ADVICE SERVICES ALLIANCE

Principal accounting policies 31 March 2021

Expenditure (continued)

Pensions

The charity operates a group personal pension scheme for its employee and contributes to the personal pension scheme. The pension charge, based on 6% of gross salary represents the amounts payable by the charity to the funds in respect of the year.

Financial instruments

The charity only holds basic financial instruments as defined in FRS102. The financial assets and financial labilities and their measurement basis is as follows:

Financial assets –other debtors and accrued income are basic financial instruments and are debt instruments measured at amortised cost as detailed in note 8. Prepayments are not financial instruments.

Cash at bank – is classified as a basic financial instrument and is measured at face value.

Debtors

Other debtors are initially recognised at their settlement amount and subsequently at amortised cost or their recoverable amount. Impairment provisions are recognised when there is objective evidence, such as significant financial difficulties on the part of the counterparty or default or a significant delay in payment, that the charity will be unable to collect the amount due.

Prepayments and accrued income are valued at the amount prepaid.

Cash at bank and in hand

Cash at bank and in hand represents such accounts and instruments that are available on demand or have a maturity of less than three months from the date of acquisition.

Creditors and provisions

Creditors and provisions are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Creditors and provisions are recognised at the amount the charity anticipates it will pay to settle the debt.

Page 15

ADVICE SERVICES ALLIANCE

Notes to the financial statements 31 March 2021

1. Income from charitable activities

Peer Review
Membership
Quality Monitoring
Greater London
Authority
Size of the Sector
BAME advice project
Covid-19 Grants
Total funds		 Unrestricted
funds
£		 Restricted
funds
£		 2021
£		 Unrestricted
funds
£		 Restricted
funds
£		 2020
£
—
2,225
72,720
—
—
—
13,272		 28,524
—
—
—
—
19,190
—		 28,524
2,225
72,720
—
—
19,190
13,272		 —
5,546
74,570
—
—
—
—		 10,676
—
—
65,743
5,000
—
—		 10,676
5,546
74,570
65,743
5,000
—
—
88,217 47,714 135,931 80,116 81,419 161,535

Covid 19 grants represent furlough income.

2. Expenditure on charitable activities

xpenditure on charitable activities
Fees and
salaries
£		 Direct
costs
£		 Support
costs
£		 2021
£
27,805
17,101
34,620
8,307
12,895
20,614
2,472
123,814
Peer Review
Membership
Quality Monitoring
Design and development
BAME Advice Project
External Stakeholders
Website development costs
Total funds		 19,575
11,957
23,691
5,247
12,370
14,495
—		 —
—
1,120
—
525
—
—		 8,230
5,144
9,809
3,060
—
6,119
2,472
87,335 1,645 34,834
Fees and
salaries
£		 Direct
costs
£		 Support costs
£
2020
£
31,766
10,190
61,887
10,148
46,365
160,356
Peer Review
Membership
Quality Monitoring
Design and development
Protocols
Total funds		 16,447
7,307
41,006
7,307
7,395		 709
42
319
—
38,970		 14,610
2,841
20,562
2,841
—
79,462 40,040 40,854
Allocated between:
Unrestricted funds
Restricted funds		 Fees and
salaries
£		 Direct
costs
£		 Support
costs
£		 2021
£
53,151
34,184		 1,120
525		 21,859
12,975		 76,130
47,684
87,335 1,645 34,834 123,814
Allocated between:
Unrestricted funds
Restricted funds		 Fees and
salaries
£		 Direct
costs
£		 Support costs
£		 2020
£
42,271
37,191		 361
39,679		 26,244
14,610		 68,876
91,480
79,462 40,040 40,854 160,356

Page 16

ADVICE SERVICES ALLIANCE

Notes to the financial statements 31 March 2021

3. Support costs

Support costs are allocated to the projects or activity on the basis of staff and consultants involved in the projects or activity.

Membership
Quality Monitoring
Design and development
Peer review
External Stakeholders
Website development costs
2021 Total funds		 General
office
£		 Premises
costs
£
Governance
costs
£		 Support
staff
costs
£
2021
£
2,108
3,600
1,245
3,349
2,490
2,472		 320
654
191
515
382
—
467

956

280

751

559
—		 2,249
4,599
1,344
3,615
2,688
—		 5,144
9,809
3,060
8,230
6,119
2,472
15,264 2,062
3,013		 14,495 34,834
Membership
Quality Monitoring
Design and development
Peer review
2020 Total funds		 General
office
£		 Premises
costs
£
Governance
costs
£		 Support
staff
costs
£
2020
£
2,072
14,797
2,072
10,654		 289
2,062
289
1,485
290

2,074

290

1,493		 190
1,629
190
978		 2,841
20,562
2,841
14,610
29,595 4,125
4,147		 2,987 40,854

Governance costs included within support costs consist of:

Unrestricted
funds
£
Restricted
funds
£
2021
£
3,000
—
3,000
13
—
13
3,013
—
3,013		 Unrestricted
funds
£
Restricted
funds
£
2,600
—
1,547
—
4,147
—		 2020
£
2,600
1,547
4,147
ndependent
examiner’s fees
Other
Total funds

4. Grants receivable

Grants receivable in the year were:

2021
£
Peer Review
Greater London Authority
Size of the Sector
BAME Advice Project
Covid-19 Job Retention Scheme Grants
Total		 28,524
—
—
19,190
13,272
60,986

Page 17

ADVICE SERVICES ALLIANCE

Notes to the financial statements 31 March 2021

5. Net expenditure for the year

Net expenditure is stated after charging:

et expenditure for the year
et expenditure is stated after charging:
2021
£		 2020
£
Operating lease rentals
. land and buildings		 2,062 4,125

The charity is party to a licence agreement to occupy office space. The licence is renewed annually.

6. Staff costs including key management personnel and Trustees’ remuneration

Staff costs were as follows:

2021
£		 2020
£
Wages and salaries
Social security costs
Pension costs		 83,637
3,905
3,917		 88,361
5,622
3,180
91,459 97,163

The average number of employees during the year was 2.5 (2020 – 2.5).

No employee received emoluments of £60,000 or more (2020 – nil).

Key management personnel

Key management personnel are those persons having authority and responsibility for planning, directing and controlling the activities of the charity and are represented by the Trustees and Chief Executive. The total remuneration paid to the Chief Executive including National Insurance and pension costs was £56,125 (2020 – £57,090).

No Trustee received any emoluments.

No travel expenses of were reimbursed to any trustee (2020 – £107 to one trustee).

7. Taxation

Advice Services Alliance is a registered charity and therefore is not liable for income tax or corporation tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.

Page 18

ADVICE SERVICES ALLIANCE

Notes to the financial statements 31 March 2021

8. Debtors: amounts falling due within one year

ebtors: amounts falling due within one year
2021
£		 2020
£
Other debtors
Accrued income		 13,234
4,788		 2,859
35,093
18,022 37,952

9. Creditors: amounts falling due within one year

reditors: amounts falling due within one year
Social security and other taxes
Accruals		 2021
£
9,709
9,186
18,895		 2020
£
7,336
6,000
13,336

10. Statement of funds

tatement of funds
At 1
April
2020
£		 Income
£		 Expenditure
£
At 31
March
2021
£
General funds
Designated funds
. Computer upgrading
. Staff costs
. Website development
Total unrestricted funds
Restricted funds
Peer Review
BAME advice project
Total restricted funds		 61,482
5,000
30,000
10,000		 88,217
—
—
—		 (76,130)
—
—
—		 73,599
5,000
30,000
10,000
106,482 88,217 (76,130) 118,599
—
—		 28,524
19,190		 (28,524)
(19,190)		 —
—
— 47,714 (47,714) —
Total funds 106,482 135,931 (123,814) 118,599

Page 19

ADVICE SERVICES ALLIANCE

Notes to the financial statements 31 March 2021

10. Statement of funds (continued)

Statement of funds(continued)
At 1
April
2019
£		 Income
£		 Expenditure
£		 At 31
March
2020
£
General funds
Designated funds
. Computer upgrading
. Staff costs
. Website development
Total unrestricted funds
Restricted funds
Peer Review
Greater London Authority
Size of the Sector
Total restricted funds		 50,242
5,000
30,000
10,000		 80,116
—
—
—		 (68,876)
—
—
—		 61,482
5,000
30,000
10,000
95,242 80,116 (68,876) 106,482
10,061
—
—		 10,676
65,743
5,000		 (20,737)
(65,743)
(5,000)		 —
—
—
10,061 81,419 (91,480) —
Total funds 105,303 161,535 (160,356) 106,482

Restricted funds

Peer Review

This fund represented a grant received from Legal Education to fund a trial project. The project’s current phase was completed in 2020/21 and the grant funding was fully spent at 31 March 2021.

BAME advice project

Funding was provided in 2020/21 by Trust for London to undertake a research project on Black, Asian and Minority Ethic advice services and the funding was fully spent at 31 March 2021.

Greater London Authority

Funding was provided in 2019/20 to undertake a research project, “Advising Londoners”. The project was completed by 31 March 2020.

Size of the Sector

Funding was received in 2019 to undertake a feasibility study on the size of the Advice Sector in England and Wales. The study had been completed by 31 March 2020.

Designated funds

The computer upgrading fund has been set aside to ensure that the quality of computer equipment is maintained and has been assigned for purposes of all computer equipment including software upgrades, hardware plus printers and other associated equipment.

The staff costs fund has been set up to provide for unexpected staff costs which could include long term sickness and the provision of temporary staff during absences of up to 4 months.

The website development fund relates to the requirement to maintain two up to date websites with maximum functionality. To achieve this, the websites need to be redesigned on a regular basis and occasionally more frequently in emergencies for example website crashes.

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ADVICE SERVICES ALLIANCE

Notes to the financial statements 31 March 2021

11. Analysis of net assets between funds

Analysis of net assets between funds
Designated
funds
£		 General
funds
£		 Restricted
funds
£		 Total
funds
£
Fund balances at 31 March 2021 are represented by
Current assets
Current liabilities
45,000
—		 92,494
(18,895)		 —
—		 137,494
(18,895)
45,000 73,599 — 118,599
Designated
funds
£		 General
funds
£		 Restricted
funds
£		 Total
funds
£
Fund balances at 31 March 2020 are represented by
Current assets
Current liabilities
45,000
—		 74,818
(13,336)		 —
—		 119,818
(13,336)
45,000 61,482 — 106,482

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