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|Trustees'
Annual
Report (Incorporating||the Director's Report)||||
|Independent
Examiner's
Report|tothe|Trustees||||
|Statement of Financial Activities|(Including||Income and Expenditure|Account)||
|Statement ofFinancial
Position|||||10|
|Statement ofCash Flows||||||
|Notes tothe Financial Statements|||||12|
|The Following Pages Do Not Form Part|||ofthe Financial Statements|||
|Detailed Statement ofFinancial Activities|||||26|
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|||||Key Charity Outcomes|Key Charity Outcomes|&Statistics|&Statistics|&Statistics|&Statistics|||
|---|---|---|---|---|---|---|---|---|---|---|---|
|Clients||||8353|Mone|Recovered for Clients|||||FS547135|
|Issues||||34733|Debts|dealt||with for Clients|||RS769549|
|Issues b|T|e||Issues|Client|b|T||e||Clients|
|Benefits &Tax Credits||||8759|Benefits &Tax Credits||||||2 101|
|Universal|Credit|||10538|Universal||Credit||||1 877|
|Consumer|Goods &||Services|256|Consumer||Goods &Services|||||
|Debt||||10291|Debt||||||1 518|
|Discrimination||& Hate Crime||17|Discrimination||||&Hate Crime||13|
|Education||||64|Education||||||45|
|Em
lo ment||||680|Em
lo ment||||||336|
|Financial|Services &||Ca abil|173|Financial||Services &Ca|||bil'|119|
|Health &Commun|||Care|168|Health|8 Commun'
Care|||||101|
|Housin||||1 043|Housin||||||490|
|Immi
ration 8 National'||||260|Immi|ration &|||National'||113|
|L
al||||487|L
al||||||269|
|Relationshi|&|Famil||685|Relationshi|||&|Famil||356|
|Tax||||54|Tax|||||||
|Travel &Trans||ort||101|Travel|&Trans|||ort||79|
|Utilities
&|Communications|||277|Utilities|&|Communications||||188|
|Other||||920|Other||||||558|
|Grand Total||||34733|Grand|Total|||||8353|
|||||Client|profile|||||||
|Gender|||||Ethnic|||||||
|Female||||58%|White||||||91%|
|Male||||42%|Asian|||||||
|Prefer different||term|Other|0%|Black||||||2%|
|Grand Total||||100o/o|Mixed|||||||
||||||Other|||||||
|Disabili||||||||||||
|Disabled||||17%||||||||
|Long-Term|Health Condition|||33%||||||||
|Not disabled/no||health|problems|50||||||||
|Grand Total||||100/o|Grand|Total|||||100%|
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|||||2022||2021|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|||
||||funds|funds|Total funds|Total funds|
|||Note|E||||
|Income and endowments|||||||
|Donations
and legacies
Charitable
activities
Investment
income||5
6
7|2,666
129,000
77|653,398|2,666
782,398
77|19,365
818,045
119|
|Total income|||131,743|653,398|785,141|837,529|
|Expenditure|||||||
|Expenditure
on charitable|activities|8,9|7,859|706,783|714,642|728,653|
|Total expenditure|||7,859|706,783|714,642|728,653|
|Net income|||123,884|(53,385)|70,499|108,876|
|Transfers between
funds|||(41,323)|41,323|||
|Net movement
in funds|||82,561|(12,062)|70,499|108,876|
|Reconciliation offunds|||||||
|Total funds brought
forward|||470,933|24,242|495,175|386,299|
|Total funds carried forward|||553,494|12,180|565,674|495,175|
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|||||2022|2021|
|---|---|---|---|---|---|
||||Note|||
|Fixed Assets||||||
|Tangible fixed assets|||16|71,612|77,457|
|Current Assets||||||
|Debtors|||16|49,352|18,864|
|Cash at bank and in hand||||483,870|429,415|
|||||533,222|448,279|
|Creditors: amounts|falling|due within one year|17|39,160|30,561|
|Net Current Assets||||494,062|417,718|
|Total Assets Less Current||Liabilities||565,674|495,175|
|Net Assets||||565,674|495,175|
|Funds ofthe Charity||||||
|Restricted funds||||12,180|24,242|
|Unrestricted
funds||||553,494|470,933|
|Total charity funds|||19|565,674|495,175|
##
||||2022|2021|
|---|---|---|---|---|
|Cash Flows from Operating||Activities|||
|Net income|||70,499|108,876|
|Adjustments
for.|||||
|Depreciation
oftangible fixed||assets|5,845|6,279|
|Other interest receivable and
Accrued (income)/expenses||similar income|(77)
(38)|(119)
358|
|Changesin:|||||
|Trade and other|debtors||(31,938)|1,613|
|Trade and other|creditors||10,087|4,658|
|Cash generated|from operations||54,378|121,665|
|Interest received||||119|
|Net cash from operating
activities|||54,455|121,784|
|Net Increase ln|Cash and Cash Equivalents||54,455|121,784|
|Cash and Cash|Equivalents|at Beginning ofYear|429,415|307,631|
|Cash and Cash|Equivalents|at End ofYear|483,870|429,415|
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|Donations
and Legacies|||||
|---|---|---|---|---|
||Unrestricted|Total Funds|Unrestricted|Total Funds|
||Funds|2022|Funds|2021
f|
|Donations|||||
|Donations|2,666|2,666|379|379|
|Room hire and rental income|||8,607|8,607|
|Small Business Recovery grant|||10,000|10,000|
|Other income|||379|379|
||2,666|2,666|19,365|19,365|
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|||||Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|---|---|
|||||Funds|Funds|2022|
|||||F|||
|South Tyneside
Metropolitan|Borough||Council||||
|(STMBC)
The National
Lottery Community
Debt Advice Project (DAP)||Fund||129,000|30,000
70,000
267,063|159,000
70,000
267,063|
|Minority
Ethnic Project (MEP)
MAPs TR|||||15,997
25,109|15,997
25,109|
|National
Lottery Covid Response|||||||
|Wise Group (BBO)|||||38,540|38,540|
|Universal
Credit - Help to Claim
The Henry Smith Charity
Coalfields Regeneration
Trust|||||82,435
60,350|82,435
60,350|
|HMRC
BEIS|||||32,000|32,000|
|SLIP|||||29,844|29,844|
|Income for vulnerable
clients|||||2,060|2,060|
|||||129,000|653,398|782,398|
|||||Unrestricted|Restricted|Total Funds|
|||||Funds|Funds
f|2021|
|South Tyneside
Metropolitan|Borough||Council||||
|(STMBC)
The National
Lottery Community||Fund||129,000|30,000
70,000|159,000
70,000|
|Debt Advice Project (DAP)|||||268,439|268,439|
|Minority Ethnic Project (MEP)|||||25,000|25,000|
|MAPs TR|||||14,576|14,576|
|National
Lottery Covid Response|||||33,542|33,542|
|Wise Group (BBO)|||||39,859|39,859|
|Universal
Credit - Help to Claim
The Henry Smith Charity|||||83,189
60,000|83,189
60,000|
|Coalfields Regeneration
Trust|||||9,492|9,492|
|HMRC
BEIS
SLIP|||||31,631
8,395
14,922|31,631
8,395
14,922|
|||||129,000|689,045|818,045|
|Investment
Income|||||||
||||Unrestricted|Total Funds|Unrestricted|Total Funds|
||||Funds|2022|Funds|2021|
||||E|E|F|F|
|Bank interest receivable|||77|77|119|119|
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|8.|Expendi|ture
on Charit|able|Activities|by Fund T|ype|||
|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Restricted|TotalFunds|
|||||||Funds
f|Funds
f|2022
f|
||General|Advice||||7,859||7,859|
||Money Advice Service||Debit|Advice Project|||287,442|287,442|
||National|Lottery Advice|Services||||97,389|97,389|
||Minority|Ethnic Projects|||||26,007|26,007|
||MAPs TR||||||24,658|24,658|
||BBO||||||48,325|48,325|
||The Henry Smith Charity||||||91,068|91,068|
||Universal
Credit Help To Claim||||||101,013|101,013|
||Vulnerable
Clients||||||590|590|
||SLIP||||||30,291|30,291|
|||||||7,859|706,783|714,642|
|||||||Unrestricted|Restricted|Total Funds|
|||||||Funds
f|Funds|2021|
||General|Advice||||16,026||16,026|
||Money Advice Service Debit|||Advice Project|||280,240|280,240|
||National|Lottery Advice|Services||||121,742|121,742|
||Minority|Ethnic Projects|||||13,651|13,651|
||MAPs TR||||||9,558|9,558|
||National|Lottery Covid Response|||||33,662|33,662|
||BBO||||||44,804|44,804|
||The Henry Smith Charity||||||91,784|91,784|
||Universal|Credit Help To Claim|||||82,077|82,077|
||Coalfield|Regeneration|Trust||||11,419|11,419|
||Vulnerable
Clients||||||360|360|
||BEIS||||||8,408|8,408|
||SLIP||||||14,922|14,922|
|||||||16,026|712,627|728,653|
|9.|Expenditure
on Charitable|||Activities|by Activity|Type|||
|||||||Activities|||
|||||||undertaken|Totalfunds|Total fund|
|||||||directly|2022
f|2021|
||General|Advice||||7,859|7,859|16,026|
||Money Advice Service Debit|||Advice Project||287,442|287,442|280,240|
||National|Lottery Advice|Services|||97,389|97,389|121,742|
||Minority|Ethnic Projects||||26,007|26,007|13,651|
||MAPs TR|||||24,658|24,658|9,558|
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||National
Lottery Covid Response
BBO
The Henry Smith Charity|National
Lottery Covid Response
BBO
The Henry Smith Charity||48,325
91,068|48,325
91,068|33,662
44,804
91,784|
|---|---|---|---|---|---|---|
||Universal
Credit Help To Claim|||101,013|101,013|82,077|
||Coalfield Regeneration
Vulnerable
Clients|Trust||590|590|11,419
360|
||BEIS
SLIP|||30,291|30,291|8,408
14,922|
|||||714,642|714,642|728,653|
|10.|Net Income||||||
||Net income is stated after charging/(crediting):||||||
||||||2022|2021|
||Depreciation
oftangible|fixed assets|||5,845|6,279|
||Independent
Examination
Fees||||||
||||||2022|2021|
||||||F||
||Fees payable to the independent||examiner for.||||
||Independent
examination|ofthe financial statements|||650|650|
||Other financial services||||1,018|1,018|
||||||1,668|1,668|
|12.|Staff Costs||||||
||The total staff costs and|employee|benefits for the reporting|period are|analysed as|follows:|
||||||2022
f|2021
E|
||Wages and salaries||||517,724|536,898|
||Social security costs||||40,031|43,213|
||Employer contributions
to pension||plans||8,729|8,670|
||||||566,484|588,781|
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|The avera|ge
number|
|---|---|
|2022|2021|
|No.|No.|
|24|23|
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|During the year|F41,323was transferred
from unrestricted
to restricted
funds.
|This comprised:|
|---|---|---|
|||2022|
|Match funding|for the DAP project|20,381|
|Match funding|for the Help ToClaim project|17,462|
|Match funding|for the Henry Smith project|30,719|
|Match funding|for the BBOproject|9,784|
|Contribution
from HMRC grant to Henry Smith and Big Lottery projects||(32,000)|
|Contribution
to|overheads
from MAPS TR|(5,470)|
|Match funding|for the SLIP project|447|
|||41,323|
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|Tangible Fix|ed Assets||||
|---|---|---|---|---|
||||Fixtures,||
|||Freehold|fittings and||
|||property|equipment|Total|
|Cost|||||
|At 1 April 2021 and 31 March 2022||82,377|262,978|345,355|
|Depreciation|||||
|At 1 April 2021||24,595|243,303|267,898|
|Charge for the year||1,647|4,198|5,845|
|At 31 March|2022|26,242|247,501|273,743|
|Carrying
amount|||||
|At 31 March|2022|56,135|15,477|71,612|
|At 31 March 2021||57,782|19,675|77,457|
|Debtors|||||
||||2022|2021|
|||||F|
|Trade debtors|||39,701|9,951|
|Prepayments|and accrued income||9,651|8,913|
||||49,352|18,864|
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|Creditors: amounts
|falling due within one year|||
|---|---|---|---|
|||2022|2021|
|Trade creditors
Accruals and deferred
income
Social security and other taxes
Pension creditor
Other creditors||17,011
6,510
11,544
2,348
1,747|7,054
7,998
13,764
1,745|
|||39,160|30,561|
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|Unrestric|ted
funds||||||
|---|---|---|---|---|---|---|
|||At||||At 31March|
|||1 April 2021|Income|Expenditure|Transfers|2022|
|||||||F|
|General|funds|313,476|131,743|(2,014)|(41,323)|401,882|
|Operating|provision||||||
|reserve
Capital funds||80,000
77,457||(5,845)||80,000
71,612|
|||470,933|131,743|(7,859)|(41,323)|553,494|
|||At||||At 31 March|
|||1 April 2020|Income|Expenditure|Transfers|2021|
||||||F||
|General funds||200,444|148,484|(9,747)|(25705)|313476|
|Operating|provision||||||
|reserve||80,000||||80,000|
|Capital funds||83,736||(6,279)||77,457|
|||364,180|148,484|(16,026)|(25,705)|470,933|
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|19.|Analysis ofCharitable|Funds|(contlnuedj|||||
|---|---|---|---|---|---|---|---|
||Universal
Credit - Help|||||||
||to Claim
National
Lottery||1,114|82,435|(101,011)|17,462||
||Community
Fund
The Henry Smith Charity
MAPs TR
SLIP||5,019|100,000
60,350
25,109
29,844|(97,389)
(91,069)
(24,658)
(30,291)|30,719
(5,470)
447|2,611|
||||24,242|653,398|(706,763)|41,323|12,180|
||||At||||At 31 March|
|||1 April 2020||Income|Expenditure|Transfers|2021|
|||||||E|F|
||Debt Advice Project|||||||
||(DAP)
Vulnerable
Clients
Minority
Ethnic project
HMRC
BBO
Universal
Credit - Help||1,928
5,191|268,439
25,000
31,631
39,859|(280,244)
(360)
(13,650)
(44,803)|11,805
(31,631)
4,944|1,568
16,541|
||to Claim
National
Lottery|||83,189|(82,075)||1,114|
||Community
Fund
The Henry Smith Charity
MAPs TR
National
Lottery Covid||15,000|100,000
60,000
14,576|(121,743)
(91,785)
(9,557)|6,743
31,785|5,019|
||Response
Coalfield Regeneration|||33,542|(33,661)|119||
||Trust
BEIS
SLIP|||9,492
8,395
14,922|(11,419)
(8,408)
(14,922)|1,927
13||
||||22,119|689,045|(712,627)|25,705|24,242|
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|||||||||Unrestricted|Restricted|Restricted|TotalFunds|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||Funds||Funds|2022|
||||||||||||E|
||Tangible|fixed|assets|||||71,612|||71,612|
||Current assets
Creditors less||than|1|year|||521,042
(39,160)||12,180|533,222
(39,160)|
||Net assets|||||||553,494||12,180|565,674|
|||||||||Unrestricted|Restricted||Total Funds|
|||||||||Funds||Funds|2021|
||||||||||||E|
||Tangible|fixed|assets|||||77,457|||77,457|
||Current assets
Creditors less than|||1|year|||424,037
(30,561)||24,242|448,279
(30,561)|
||Net assets|||||||470,933||24,242|495,175|
|21.|Analysis|ofChanges|||in|Net Debt||||||
||||||||||||At|
|||||||||At 1 Apr 2021
f.|Cash|flows|31 Mar 2022
f|
||Cash at bank and in|||hand||||429,415||54,455|483,870|
|22.|Operating|Lease Commitments||||||||||
||The total|future|minimum|||lease payments|under|non-cancellable
operating||leases are as follows:||
|||||||||||2022|2021|
|||||||||||E|f|
||Not later than
1 year|||||||||20,000|20,000|
||Later than|1 year and|||not|later than 5years||||32,110|52,110|
|||||||||||52,110|72,110|
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||||2022|2021|
|---|---|---|---|---|
||||E||
|Income and endowments|||||
|Donations and legacies|||||
|Donations
Room hire and rental income
Small Business Recovery grant
Other income|||2,666|379
8,607
10,000
379|
||||2,666|19,365|
|Charitable
activities|||||
|South Tyneside
Metropolitan
Borough Council (STMBC)
The National
Lottery Community
Fund
Debt Advice Project (DAP)|||159,000
70,000
267,063|159,000
70,000
268,439|
|Minority
Ethnic Project (MEP)|||15,997|25,000|
|MAPs TR|||25,109|14,576|
|National
Lottery Covid Response
Wise Group (BBO)
Universal
Credit - Help to Claim
The Henry Smith Charity
Coalfields Regeneration
Trust|||38,540
82,435
60,350|33,542
39,859
83,189
60,000
9,492|
|HMRC
BEIS
SLIP
Income for vulnerable
clients|||32,000
29,844
2,060|31,631
8,395
14,922|
||||782,398|818,045|
|Investment
income|||||
|Bank interest receivable||||119|
|Total income|||785,141|837,529|
|Expenditure|||||
|Wages and salaries|||517,724|536,898|
|Employer's
NIC
Pension costs
Premises costs
Office costs|||40,031
8,729
57,300
77,637|43,213
8,670
53,122
71,704|
|Depreciation
Staff and volunteer costs
Governance costs
Other costs|||5,845
4,165
2,394
817|6,279
4,060
3,895
812|
|Total expenditure|||714,642|728,653|
|Net income|||70,499|108,876|