##
##
##
##
##
|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|||||||