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||||Contents||
|---|---|---|---|---|
|Reference and Administrative||Details||I to2|
|Trustees'
Report||||3to 11|
|Statement ofTrustees'|Responsibilities|||12|
|Independent
Auditors'|Report|||13to 16|
|Statement ofFinancial|Activities|||17to 18|
|Balance Sheet||||19|
|Statement ofCash Flows||||20|
|Notes to the Financial|Statements|||21to 35|
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|||R|eference and Ad|min|istrative
D|
|---|---|---|---|---|---|
|Company|Registration|Number|07186736|||
|Charity Registration||Number|1135081|||
|Solicitors|||Lawson West|||
||||4 Dominus
Way|||
||||Meridian Business|Park||
||||Leicester|||
||||LE191RP|||
|Bankers|||The Co-operative|Bank|pic|
||||1 Balloon Street|||
||||Manchester|||
||||M60 4EP|||
||||Unity Trust Bank|||
||||4 Brindley Place|||
||||Birmingham|||
||||Bl2JB|||
|Auditor|||The Rowleys Partnership||Ltd|
||||Chartered
Accountants,||Statutory Auditor|
||||Chamwood
House|||
||||Harcourt Way|||
||||Meridian Business|Park||
||||Leicester|||
||||LE191WP|||
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||||G|ains and Losses)|||
|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total2021|
|||||funds|funds||
||||Note||8||
|Income and Endowments||from:|||||
|Donations
and legacies||||4,034||4,034|
|charitable
activities||||796,871|823,672|1,620,543|
|Total income||||800,905|823,672|1,624,577|
|&penditure
on:|||||||
|Charitable
activities||||(643,414)|(866,010)|(1,509,424)|
|Other expenditure||||(11,686)||(11,686)|
|Total Expenditure||||(655,100)|(866,010)|(1,521,110)|
|Net income/(expenditutu)||||145,805|(42,339)|103,466|
|Transfers
between|funds|||(43,096)|43,096||
|Net movement
in funds||||102,709|757|103,466|
|Reconciliation offuntb|||||||
|Total funds brought|forward|||390,510|19,094||
|Total funds carried|forward||16|493.219|19.951|513,979|
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|||||Unrestricted|Restricted|Total 2020|
|---|---|---|---|---|---|---|
|||||funds|funds||
||||Note|f.|8||
|Jncome and Endowments||from:|||||
|Donations
and legacies||||3,284|6,000|9,284|
|charitable
activities||||867,782|722,249|1,590,031|
|Total income||||871,066|728,249|1,599,315|
|Expenditure
on:|||||||
|Charitable
activities||||(874,226)|(742,603)|(1,616,829)|
|Other expenditure||||(16,077)||(16,077)|
|Total Expenditure||||(890,303)|(742,603)|(1,632,906)|
|Net income/(expenditure)||||(19,237)|(14,354)|(33,591)|
|Transfers
between|funds|||(33,448)|33,448||
|Net movement
in funds||||(52,685)|19,094|(33,591)|
|Reconciliation offunds|||||||
|Total funds brought|forward|||443,195||443,195|
|Total funds carried|forward||16|390,510|19.999|409,604|
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||||2021|2020|
|---|---|---|---|---|
|||Note||8|
|Hxed assets|||||
|Tangible assets||12|||
|Current assets|||||
|Debtors||13|55,658|112,882|
|Cash at bank and in|hand||664,899|453,042|
||||720,557|565,924|
|Creditors: Amounts
within one year|falling due|14|(207,487)|(156,926)|
|Net current assets|||513,070|408,998|
|Netassets|||513,070|409,604|
|Funds ofthe charity:|||||
|Restricted funds|||19,851|19,094|
|Unrestricted
income|funds||||
|Unrestricted
funds|||493,219|390,510|
|Total funds||16|513,070|409,604|
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|||||2021|2020|
|---|---|---|---|---|---|
||||Note|||
|Cash flous from operating||activities||||
|Net cash income||||103,466|(33,591)|
|Adjustments
tocash flovw||from non-cash items||||
|Depreciation|||12||743|
|||||104,072|(32,848)|
|Working capital adjustments||||||
|increase)/decrease|in debtois||13|57,224|103,829|
|(Decrease)/increase|in creditors||14|(919)|18,441|
|Decrease in deferred|income||14|51,482|(38,775)|
|Net cash flows Qom|operating
activities|||211,857|50,647|
|Cash flows from investing||activities||||
|Purchase oftangible|fixed|asset|12|||
|Net increase in cash|and cash equivalents||18|211,857|50,647|
|Cash and cash equivalents||at 1April 2020|18|453,042|402,395|
|Cash and cash equivalents||at 31March 2021|8|6f4.899|453.Dt2|
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|||||Unrestricted|Restricted|Total|Unrestricted|Restricted||
|---|---|---|---|---|---|---|---|---|---|
|||||funds|funds|2021|funds|funds|2020|
|Donations|and legacies:|||||||||
|Donations||||4,034||4,034|3,284|6,000|9,284|
|||||4,034||4,034|3,284|6.000|9.284|
|4 Income|from charitable||activities|||||||
|||||Unrestricted|Restricted|Tohd|Unrestricted|Restricted|Total|
|||||funds|funds|2021|funds|fuush|2020|
||||||f|f||||
|General advice||||796,871|101,343|898,214|867,782|41,578|909,360|
|Debt advice|||||171.065|171,065||152,728|152,728|
|Benefits advice|||||468.931|468.931||432,743|432,743|
|Pensions
capability|guidance|and linancial|||82.332|82.332||95,200|95.200|
|||||796,871|823.672|L620,543|867,782|722,249|1,590,0 I|
||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
||||funds|funds|2021|funds|fuads|2020|
|General advice|||619,570|103,919|723,489|862,994|53,187|916,181|
|Debt advice||||192291|216,135|11,232|157,972|169,204|
|Benefits|advice|||487,468|487,468||438230|438,330|
|Pensions
capabiTity|guidance|and financial||82,332|82,332||93,114|93,114|
||||643,414|866,010|1,509,424|874,226|742,603|1,616,829|
||||Activity|Acguty||Actin'ty|Activity||
||||undertaken|suppai'I|Total|undertaken|support|Total|
||||directly|costs|2021|directly|costs|2020|
|||||||f|8||
|General advice|||572,140|15L349|723,489|700,682|215,499|916,181|
|Debt advice|||183,237|32.898|216,135|128,345|40,1159|169,204|
|Benefits|advice||409,016|78,452|487,468|338,169|100,161|438330|
|Pensions
capabdity|guidance|and financial|67,784|14,548|82332|74,251|18,863|93,114|
||||1,232,177|277/47|1,509,424|1,241,447|375,382|1,616,829|
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||||||||Unrestrichd|||
|---|---|---|---|---|---|---|---|---|---|
||||||||funds|||
|||||||||Toad|Total|
||||||||General|2021|2020|
|Staifcosts||||||||||
|Otherstaffcosts|||||||4, 106|4,106|3,924|
|Audit fees||||||||||
|Audit ofthe|financial statements||||||6,780|6,780||
|Other fees paid||to|auditors|||||194|4,810|
|Depreciation,|ammtis etiou aud other simihucosts|||||||606|743|
||||||||11,686|11,686|16,077|
|7Analysis ofsupport costs||||||||||
|Support costs|allocated to charitable actimtes|||||||||
|||||Governance|Staff|Olfice|Premises|Total|Total|
||||Bmts of|cosh|cash|costs|costs|2021|2020|
||||allocation|f||||f||
|Oenend advice|||Staffcosts|7,229|3,112|86,695|54,313|151,349|215,499|
|Debt service|||Staffcosts|1,571|676|10845|11,806|32.898|40,859|
|Benefits service|||Sta&'costs|3,747|1,613|44,939|28,153|7&452|100,161|
|Penstcns guidance|||and|||||||
|fiaancml capability|||Staffcosts|695||11,333|5,221|14,548|18,863|
|||||13,242|5,700|158,812|99,493|277347|375,382|
|8 Netincomingl||outgoing resources||||||||
|Net incoming resources for the year include:||||||||||
|||||||||2021|2020|
||||||||||f|
|Audit fees||||||||6,780|6,600|
|Other non-audit||services||||||194|4,810|
|Depreciation offimd assets||||||||606|743|
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||2021|2020|
|---|---|---|
|||8|
|Stalfcosts during the year were:|||
|Other stalfcosts|||
|Wages and salaries|1,121,013|1,113,503|
|Social security costs|78,280|86,299|
|Pension costs|55,016|56,840|
||1254,309|1,256,642|
|charity du|ring|the year expressed
as Full time equiv|alents
was as follows:||
|---|---|---|---|---|
||||2021|2020|
||||No|No|
|Charitable|purposes||54|54|
|Management||and administmtion|||
||||58|59|
##
|e nuinber|ofemployees
whose emolmnents
fell wi|thin the following
bands was:||
|---|---|---|---|
|||2021|2020|
|||No|No|
|660,001|- K70,000|1|1|
##
|12Tangible fixed assets|||
|---|---|---|
||Furniture
and||
||equipment|Totals|
|Cast|||
|At 1April 2020|81,795|81,795|
|A 31March 2021|81,795|81,795|
|Depreciation|||
|At 1April 2020|81,189|81&189|
|Charge ior the year|606|606|
|At 31March 2021|81,795|81,795|
|Net book value|||
|At 31March 2021|||
|At 31March 2020|||
|13Debtors|||
||2021|2020|
|Trade debtors|10,761|11,049|
|Piepayments|28,771|26,499|
|Accrued income|16,126|75,334|
||55,658|112,882|
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||2021|2020|
|---|---|---|
|Trade Creditors|17,097|25,142|
|Other Cmditors|24,558|42,514|
|Accruals|81,402|56,320|
|Defened income|84,430|32,950|
||207,487|156,926|
|Total future minimum
lease payments
under non-cance|llable
operating
leases are as follows:||
|---|---|---|
||2021|2020|
|Lead aad Buildings|||
|Within one year|9p70|13,953|
|Between one and five years|9,370|18,740|
||18,740|32,693|
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|||||Balance at I
April 2020|Incoming
resources|Resources
expended|Transfers|Balance at
31March
2021|
|---|---|---|---|---|---|---|---|---|
|Unrestricted
fuads|||||||||
|General|||||||||
|General funds||||369,156|482,058|(308,221)|(43,096)|499,897|
|Leicester City|Council|||21,354|318,847|(346,879)||(6,678)|
|Total net assets||||390,510||(655,100)|(43,096)|493,219|
|Restricted
funds|||||||||
|Universal
Credit||||4,710||||4,710|
|EBDX||||6272||||6,272|
||||||25,818|(25,459)||359|
|Seven Locks||||||||467|
|Macmillan|||||170,193|(189,487)|19294||
|Pension Wise|||||82.332|(82,332)|||
|Money Advice|Service||||170,804|(192,029)|2L226||
|Martin Lewis||||114||||114|
|BESN||||523||||523|
|Comnavitus
Community||Support Fund|||66,063|(66,063)|||
|Help to claim|||||208,290|(208790)|||
|Help to Claim Best Practice|||||39,300|(39,300)|||
|Moneywise
Plus||||1,008|262|(262)||1,008|
|CSF|||||4,989|(4,591)||398|
|Market Harbomugh||||||||6,000|
|Fairpay|||||20,341|(20,341)|||
|Leicestershim
Communities|||Fund||13,409|(13,409)|||
|New Normal Fund|||||9,720|(9,720)|||
|Sevem Trent Recovery|||||10.000|(10,015)|15||
|Sog Phones|||||2,151|(2,151)|||
|GREAT pmject||||||(2,561)|2,561||
|Total restricted|fuads|||19,094|823,672|(866,010)|43.096|19,851|
|Total funds|||||1,624,577|(1,521,110)||513,070|
##
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|16Funds continued|16Funds continued||||||
|---|---|---|---|---|---|---|
|||Balance at I
April 2019|Incoming
resources|Resources
expended|Transfers|Balance at
31March
2020|
|Unrestricted
funds|||||||
|General|||||||
|Generalfunds||430,328|501,750|(529,474)|(33,448)|369,156|
|Leicester City|Council|12867|369.316|(360,829)|-|21,354|
|Total net assets||443,195|871,066|(890.303)|(33,448)|390,510|
|Restricted funds|||||||
|Universal
Credit|||||4,710|4,710|
|EBDX|||9,300|(4,210)|1,182|6,272|
|MESO|||25,342|(26,859)|1,517||
|Seven Locks|||||467|467|
|Macmillan|||154,131|(154,131)|||
|East Midland|Housing||25,766|(29,836)|4,070||
|Pension Wise|||95,200|(93,114)|(2,086)||
|Money Advice Service|||145,820|(157,865)|12,045||
|Martin Lewis|||||114|114|
||||||523|523|
|EDIC|||19,788|(36,487)|16,699||
|Help to claim|||191,426|(191,426)|||
|Help to Claim|BestPractice||36,078|(36,078)|||
|Moneywise
Plus|||6,908|(107)|(5,793)|1,008|
|PBS|||12,490|(12,490)|||
|Market Harboroogh|||6,ooo|||6.000|
|Total restricted|funds||728,249|(742,603)|33,448|19,094|
|Total funds||443,195|1,599,315|(1,632,906)|||
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|17Anal|ysis
ofnet assets between funds|||
|---|---|---|---|
|||Unrestricted||
|||funds|Total Funds|
|Tangible|axed assets|||
|Cunent|assets|720,557|720,557|
|Current|liabiTities|(207,487)|(207,487)|
|Totalnet|assets|513,070|513,070|
||At 1April 2020|Cashaow|At31March2021|
|---|---|---|---|
|||f||
|Cash at bank and in hand|453,042|211,857|664,899|
|Net funds|453,042|211,857|664,899|
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