2021-12-31-accounts - Local Information Unit Limited

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Legal and administration
Trustees' report
Independent auditor's report		13
Consolidated statement offinancial	activities	16
Group and Charity balance sheets		17
Consolidated cash flow statement		18
Notes to the financial statements		19

Registered	Name ofcharity	Name ofcharity	Name ofcharity	Local Information Unit	Local Information Unit	Limited
Other names used by			the charity	LGiU
Trustees
				Cllr Abdul Jabbar
				Cllr Alexander Hollingsworth
				Cllr Bdan Robinson
				Cllr Jayne McCoy
				Cllr Michael Payne (Chair)
				Mike Short
				Cllr Neil Nerva
				Cllr Sam Chapman-Allen
				Cllr Tudor Evans
				Cllr Amanda Jayne Hopgood
				Cllr Elizabeth Pendrill		Raphael	Leffman
				Cllr Linda Joy Taylor
Chief Executive &Company				J Carr-West
Secretary
Registered	office			251 Pentonville Road
				London
				N1 9NG
Company	Registration		Number	01872218(England	and Wales)
Charity Registration		Number		1113495
Auditor				Haysmacintyre LLP
				10Queen Street Place
				London
				EC4R 1AG
Bankers				National Westminster		Bank PLC
				23 Brunswick Place
				Southampton
				SO152AQ

Directors			J Carr-West
			A Johnston
Company	Registered	Number	07132669(England	and Wales)
			Local Energy Limited
Directors			A Johnston
			J Carr-West
Company	Registration	number	07092950 (England	and Wales)
			LGiU Enterprises	Limited
Directors			A Johnston
			J Carr-West
Company	Registration	number	07073661 (England	and Wales)
			LGiU Ireland Limited
Directors			A Johnston
			J Carr-West
Company	Registration	number	597961 (Ireland)

					Total unrestricted funds	Total unrestricted funds
INCOME AND EXPENDITURE				Notes	2021 f	2020 f
INCOME
Charitable activities
Affiliation fees &subscriptions Consultancy and project income					1,578,644 257,843	1,517,103 216,028
Income from:
Investment income, bank and other		interest			128	1,222
Total income					1,836,615	1 734353
EXPENDITURE
Expenditure on charitable	activities
Services to affiliates &subscribers				2	723,932	698,799
Conferences, seminars and	training			2	215,894	208,350
Consultancy Publications				2 2	274,148 176,895	265,891 139,916
Trading activities				2	297,773	251,588
Total expenditure					1,688,642	1,564,544
Net incomel (expenditure)	before	additional	pension		147,973	169,809
costs
Service cost and other movements		on pension	provision	17	(142,000)	(44,000)
Net incomel (expenditure)	before	other recognised			5,973	125,809
gains and losses Actuarial gains/ (losses) on defined		benefit pension scheme		17	1,811,000	(1,745,000)
Net movement in funds					1,816,973	(1,619,191)
Fund balances brought forward at		1 January 2021			(4,348,593)	(2,729,402)
Fund balances carried forward at 31 December			2021		(2,531,620)	(4,348,593)

							2021	2021		2020	2020
						Notes	Charity E		Group	Charity 6	Group E
Fixed assets
Tangible assets							5,764		5,764	4,777	4,777
Intangible assets							48,900		48,900	15,050	15,050
Investments							3			3
							54,667		54,664	19,830	19,827
Current assets
Debtors due within one			year			10	262,972		66,141	230,336	62,455
Shortterm deposits							492,847		492,847	392,773	392,773
Cash at bank and in	hand						416,717		656,114	341,789	543,248
Creditors: amounts	falling due						1,172,536	1,215,102		964,898	998,476
within one year						11	(406,823)	(449,386)		(312,321)	(345,896)
Net current assets							765,713		765,716	652,577	652,580
Net assets excluding			pension	liability			820,380		820,380	672,407	672,407
Pension liability						17	(3,352,000)	(3,352,000)		(5,021,000)	(5,021,000)
Net liabilities including			pension		liability		(2,531,620)	(2,531,620)		(4,348,593)	(4,348,593)
Represented by:
Funds and reserves
Income funds:
Unrestricted funds
General funds						14	820,380		780,329	672,407	753,507
Pension reserve						17	(3,352,000)	(3,352,000)		(5,021,000)	(5,021,000)
							(2,531,620)	(2,571,671)		(4,348,593)	(4,267,493)
Non-charitable trading		funds				14			40,051		(81,100)
							(2,531,620)	(2,531,620)		(4,348,593)	(4,348,593)

							2021		2020	2020
							Charity	Group	Charity	Group
							E	E	E	E
Cashflow from operating		activities
Net income/(expenditure)		for	the year				1,816,973	1,816,973	(1,619,191)	(1,619,191)
Adjustments for
Movements on defined benefit pension scheme Depreciation oftangible and intangible assets							(1,669,000) 23,649	(1,669,000) 23,649	1,789,000 15,103	1,789,000 15,103
Interest received							(128)	(128)	(1,222)	(1,222)
Decrease / (increase) in	debtors						(32,637)	(3,686)	22,847	(115,535)
Increase/ (decrease) in	creditors						94,506	103,493	(21,076)	(3,089)
Net cash generated from		operating				activities	233,363	271,301	185,461	295,416
Cashflow from Investing		activities
Net purchase offixed assets interest received							(58,487) 128	(58,487) 128	(789) 1,222	(789) 1,222
							(58,359)	(58,359)	433	433
Net increase in cash							175,004	212,943	185,894	295,849
Net cash and cash equivalents				at the		start of	734,562	936,021	548,668	640,172
the year
Net cash and cash equivalents					at the end of		909,566	1,148,963	734,562	936,021
the year
Cash and cash equivalents			consists			of:
Short Term deposits							392,773	392,773	392,773	392,773
Cash at bank and in hand							341,789	543,248	341,789	543,248
Cash and cash equivalents			at 31 December				734,562	936,021	734,562	936,021
Change in net debt:
Debt as at 01 January							734,562	936,021
Cash flows
Debt as at 31 December							734,562	936,021

OST OFACTIVITI	ES IN FURT	HERANCE	OF THE CHA	RITIES OBJE	CTS
	Services	Conferenc				2021
	to	seminars			Trading	Total
	affiliates	8,training	Consultancy	Publications	Activities	funds
	6	6		6	6	K
Staff costs	429,880	137,367	122,904	119,061	5,650	814,862
Other direct costs	39,720		82,980		71,902	194,602
Allocation of
support costs	254,332	78,527	68,264	57,834	220,221	679,178
(nots 3)
	723,932	215,894	274,148	176,895	297,773	1,688,642
	Services	Conferenc				2020
		e
	to	seminars			Trading	Total
	affiliates 6	6training	Consultancy 6	Publications	Activities 6	funds f
Staff cosw	451,863	142,976	127,358	102,319	6,113	830,629
Other direct costs	31,104		83,298		83,984	198,386
Allocation of
support costs	215,832	65,374	55,235	37,597	161,491	535,529
(nots 3)
	698,799	208,350	265,891	139,916	251,588	1,564,544
			22

SUPPORT COSTS
The support costs and the	basis oftheir	allocation were as follows:
			2021	2020
			E	6
Governance costs		Basis ofappointment
Auditor's remuneration	—statutory	Staff time	17,050	16,550
audit
Other governance costs		Staff time	5,388	5,614
			22,438	22,164
Other support costs		Basis ofappointment
Staffcosts		Time spent	101,786	113,179
Premises costs		Staff time	107,330	90,157
Office costs		Staff time	265,724	214,901
Other costs		Staff time	181,901	95,130
			656,741	513,367
Total			679,179	535,531
NET INCOME
			Total	Total
			Funds	Funds
This is stated after charging:			2021f	2020
Staffcosts (note 5)			916,649	943,807
Auditors' remuneration
- statutory audit services			17,150	16,550
Depreciation			23,649	15,103
Operating lease rentals			41,022	41,022

ble benefits	but.excluding
2021	2020
Number	Number

		2021	2020
		8	E
Tangible Fixed Assets (a)		5,764	4,777
Intangible Fixed Assets (b)		48,900	15,050
		54,664	19,827
a) Tangible Fixed Assets
	Fixtures	Computers
	and
	Fittings		Total
	8		E
Charity and Group
Cost or valuation
At 1 January 2021	4,177	43,564	46,741
Additions		5,829	5,829
At 31 December 2021	4,177	49,393	53,570
Depreciation
At 1 January 2021	4,177	38,787	42,964
Charge for the year		4,842	4,842
At 31 December 2021	4,177	43,629	47,806
Net book values
At 31 December 2021		5,764	5,764
At 31 December 2020		4,777	4,777

	Webaits f	Totalf
Charity and Group
Cost orvaluation
At 1 January 2021 Additions	31,800 52,657	31,800 52,657
At 31 December 2021	84,457	84,457
Depreciation At 1 January 2021 Charge for the year	16,750 18,807	16,750 18,807
At 31 December 2021	35,557	35,557
Net book values
At 31 December 2021	48,900	48,900
At 31 December 2020	15,050	15,050

e Com	pany	Regis	tration Numbers and incorp	oration dates ofthe subsidiary companie	s are given below:
				Company	Date of
				Registration	incorporation
				number
LGiU	Enterprises		Limited	7073661	12 November
					2009
Local	Energy	Limited		7092950	2 December 2009
LGiU	International		Ltd	7132669	21 January 2010
LGiU	Ireland	Limited		Ireland (597961)	8 February 2018

	2021	2020
	K	E
Local Energy Limited Profit Sloss Account
Turnover	5,000
Cost ofsales	(2,869)	(2,061)
Operating loss before Gift Aid	2,131	(2,061)
Gift Aid
Loss for the financial year	2,131	(2,061)
Balance Sheet
Current assets		722
Current liabilities	(114,432)	(117,285)
Net Liabilities	(114,432)	(116,563)

					2021	2020
LGiU International	Ltd
Profit SLoss Account
Turnover					741,443	622,190
Cost ofsales					(638,076)	(583,371)
Operating profit/(loss)					103,367	38,819
GiR Aid
Corporation Tax payable					(6,500)
Profit/(loss) for the finandal			year		96,867	38,819
Balance Sheet
Current assets					114,734	61,210
Current liabilities					(80,592)	(27,068)
Net Liabilities					131,009	34,142
LGiU International	Ltd
Statement ofincome		and	retained	earnings
Total equity brought Total comprehensive	forward income for the			year	34,142 96,867	(4,677) 38,819
GiR aid distribution	to	parent	charity
Total equity carried	forward				131,009	34,142
LGiU Ireland Limited					2021 E	2020 f
Profit &Loss Account
Turnover					50,737	41,883
Cost ofsales					(42,260)	(41,883)
Operating profit					8,477
Gift Aid
Profit for the financial		year			8,477
Balance Sheet
Current assets					194,092	148,534
Current liabilities					(185,618)	(148,534)
Net Assets					8,474

As at 31	Decem	ber	2	02	1, the c	apital and rese	rves for each	company was	as follows:
								issued	Retained
								share
								capital	profltr(losses)		Total
LGiU Enterprises			Limited					1			1
Local Energy		Limited						1	(114,432)		(114,431)
LGiU International				Ltd				1	131,009		131,010
LGiU Ireland		Limited						1	8,474		8,475
DEBTOR	S:due within				one year
								2021		2020
							Charity	Group	Charity		Group
							E	E	E		E
Trade debtors							38,778	40,921	25,052		28,545
Amounts	due from			subsidiary		undertakings	201,075		173,049
Prepayments		and	accrued income				17,540	17,540	23,240		23,240
VAT							5,579	7,680	8,995		10,670
							262,972	66,141	230,336		62,455
CREDITO	RS: amounts				falling	due within one year
								2021		2020
							Charity	Group	Charity		Group
								E			E
Trade creditors and				accruals			284,795	309,400	299,288		315,194
Other creditors							20,062	20,062	419		419
Deferred	income (note				12)		101,966	119,924	12,614		30,283
							406,823	449,386	312,321		345,896
DEFERR	ED INCOME
								2021		2020
							Charity	Group	Charity		Group
							E	E			E
Deferred	Income Brought Forward						12,614	30,283	12,233		20,031
Deferred	in the	year					101,966	119,924	12,614		30,283
Released	in the	year					(12,614)	(30,283)	(12,233)		(20,031)
Deferred	Income Carried				Forward		101,966	119,924	12,614		30,283

								General
								funds
								and non-
								Charitable	Pension	2021
	Group							trading funds f	Reserve f	Total f
	Fund balances Fixed assets	at31December 2021			are	represented	by:	54,664		54,664
	Current assets							1,215,102		1,215,102
	Creditortc amounts		falling
	due within one year Net pension liability							(449,386)	(3,352,000)	(449,386) (3,352,000)
	Total net assets							820,380	(3,352,000)	(2,531,620)
								General
								funds
								and non-
								Charitable	Pension	2020
	Group							trading funds f	reserve f	Total f
	Fund balances	at 31December 2020			are	represented	by:
	Fixed assets							19,827		19,827
	Current assets							998,476		998,476
	Creditors: amounts		falling
	due within one year Net pension liability							(345,896)	(5,021,000)	(345,896) (5,021,000)
	Total net assets							672,407	(5,021,000)	(4,348,593)
14.	MOVEMENT IN	FUNDS
	2021
									Actuarial
				B/Fwd f		Income f		Expenditure f	Gainsf	C/Fwdf
	General Funds			753,507		1,836,615		(1,809,793)		780,329
	Pension Reserve			(5,021,000)				(142,000)	1,811,000	(3,352,000)
	Total net (liabilities)		(charity)	(4,267,493)		1,836,615		(1,951,793)	1,811,000	(2,571,671)
	Non-charitable	trading		(81,100)				121,151		40,051
	funds
	Total net (liabilities)			(4,348,593)		1,836,615		(1,830,642)	1,811,000	(2,531,620)
	group)

2020
						Actuarial
			8/Fwd f	Income E	Expenditure E	Gains E	C/Fwd E
General	Funds		620,456	1,734,353	(1,601,302)		753,507
Pension	Reserve		(3,232,000)		(44,000)	(1,745,000)	(5,021,000)
Total net	assets (charity)		(2,611,544)	1,734,353	(1,645,302)	(1,745,000)	(4,267,493)
Non-charitable trading		funds	(117,858)		36,758		(81,100)
Total net assets (group)			(2729,402)	1,734,353	(1,608,544)	(1,745,000)	(4,348,593)

he group had commitments under no	n-cancellable operating	leases as f
	Land and	buildings
	2021	2020
	E	E
Charity and Group
Amounts due:
Less than one year	57,250	57,250
Within two to five years	14,313	71,563
	71,563	128,813

			2021	2020	2019
				'/	4/o
The major assumptions	used by the actuaries were:
Rate ofincrease in salary Rate ofincrease in pensions Discount rate		in payment	3.4 2.9 1.9	1.6 2.5 1.3	2.6 2.2 2.0
Inflation assumption			2.5	2.5	2.4

he mortality assumptions used were as follows:
	2021	2020
	Years	Years
Longevity at age 65for current pensioners - Men	22.0	21.8
-Women	24.3	23.9
Longevity atage 65for future pensioners - Men	23.4	23.2
-Women	26.1	25.9

e assets	ofthe sch	eme and the	weighted aver	age expected	rate of return w	ere:
		Long term rate of	Value at	Long term rate of	Value at	Long term rate of	Value at
		return	31	return	31	return	31
		expected 2021	December 2021	expected 2020	December 2020	expected 2019	December 2019
		'/4	E'000	'/	E'000	4/o	E'000
Equities		2.7	8.486	2.7	7,852	2.7	7,779
Bonds		2.7	1,061	2.7	1,613	2.7	984
Property Cash		2.7 2.7	1,296 943	2.7 2.7	860 430	2.7 2.7	984 100
Tots I market			11,786		10,442		9,487
value ofassets
Present	value of		(15,138)		(15,463)		(11,705)
scheme	liability
Net pension			(3,352)		(5,021)		(2,97)
liability
				32

							2021	2020
							E'000	E'000
Current		service cost					256	114
Interest		cost					201	259
Interest		income on		plan assets			(135)	(195)
Contributions			paid				(180)	(134)
Total expenditure				recognised		in SOFA	142	44
Net profit	/	(loss)	recognised		in the	SOFA
							2021 E'000	2020 f'000
Actuadial		profit	/ (loss) on		scheme assets and liabilities		1,811	(1,745)

		2021	2020
		E'000	E'000
Scheme	liabilities at 1 January 2021	13,463	13,079
Current	service cost	256	114
Interest	cost	201	259
Contributions by scheme participants		45	27
Actuarial	(gains) / losses	(499)	2,364
Benefits	paid	(328)	(380)
Scheme	liabilities at 31 December 2021	13,138	15,463

conciliation ofopening and closing b	alances o	fthe present value of	the charity's share ofsche	me assets:
			2021	2020
			E'000	E'000
Fair value ofscheme assets at 1 January 2021			10,442	9,847
Interest income on plan assets Return on assets excluding amounts	included	in net	135 1,312	195 619
interest
Contributions by employer Contributions by scheme participants			180 45	134 27
Benefits paid			(328)	(380)
Fair value ofscheme assets at 31	December 2021		11,786	10,442

story ofexperience gain	s and lo	sses
		2021	2020	2019	2018	2017
		8'000	F'000	E'000	E'000	E'000
Fair value ofassets		10,786	10,442	9,847	8,808	9,453
Present value ofscheme		(15,138)	(15,463)	(13,079)	(11,705)	(12,485)
liabilities
Deficit in scheme		(3,352)	(5,021)	(3,232)	(2,897)	(3,032)
Experience adjustment	on
scheme assets
Experience adjustment	on
scheme liabilities