ADVICE SUPPORT KNOWLEDGE INFORMATION (A CHARITABLE COMPANY LIMITED BY GUARANTEE)
REPORT OF THE DIRECTORS/TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
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ADVICE SUPPORT KNOWLEDGE INFORMATION
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
| Page | |
|---|---|
| Reference and Administrative Information | 3 |
| Chair’s Report | 4 |
| Acknowledgement | 5 |
| Directors’ / Charity Trustees’ Report | 6-7 |
| Independent Examiner’s Report | 8 |
| Statement of Financial Activities | 9 |
| Balance Sheet | 10 |
| Notes to the Financial Statements | 11-16 |
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ADVICE SUPPORT KNOWLEDGE INFORMATION
REFERENCE AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2022
COMPANY NAME: ADVICE SUPPORT KNOWLEDGE INFORMATION
OTHER WORKING NAME: ASKI
COMPANY NUMBER: 08324877 CHARITY NUMBER: 1171343 DIRECTORS/TRUSTEES: MICHELLE FORD TAJEDA KELLY RIENNE CORBETT CHAIRMAN: M FORD CEO J JEFFERS REGISTERED OFFICE: 33 Brigstock Road Thornton Heath CR7 7JJ England BANKERS: SANTANDER
INDEPENDENT EXAMINER’S: Maroof Adeoye (MBA, DChA, FCIE, MInstF) Registered Charity Independent Examiner Community Benefit Action CIC 30 Union Road, Croydon CR0 2XU
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ADVICE SUPPORT KNOWLEDGE INFORMATION CHAIR’S & CEO’S REPORT FOR THE YEAR ENDED 31 MARCH 2022
A Chair’s Report
I am delighted to present this year's accounts and report. Following two of the most difficult years of Covid-19. The Board staff and volunteers have worked exceptionally hard to provide a wide range of services and support to our service users. We have seen in the wider community the need for projects which reduce isolation and inactivity amongst older men and women in the Borough. The last two years have seen our volunteer number increase to 88 men and women who represent both old and young and who come from a wide range of backgrounds.
The volunteers represent a significant part of our delivery and without their support and time, we would not be able to deliver the range of projects. Our funders have supported us over the last year not only with grants but additional support in how we can build our infrastructure and capacity to deliver a wide range of services both in person and via Zoom.
We have developed both our fundraising strategy and our business plan as well as reviewed all our policies to make certain that we are working in line with best practices. We have employed an Operation Manager who has supported the development of a range of new services as well as recruited a part-time administrator and Development worker.
We have increased our partnership working both in Croydon and in Sutton with a range of charities working with older men and women and our aim is to increase this work over the coming year. We have also started our Investors in Volunteering journey so that our offer to our volunteers will be increased and their contributions rewarded.
The year ahead will be difficult with more demand for our services and the competitive nature of fundraising however we are confident that we will be able to provide our existing service users as well as engage with new ones over the coming year. I would like to thank the staff, volunteers, fellow Board members and our funders for all their support this financial year.
Michelle Ford Chair
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ACKNOWLEDGEMENT
The continuation of ASKI would not be possible without the generous help of our funders and everyone connected with us. ASKI would like to thank the following funders for their generosity and continued support over the past 12 months:
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BBC Children In Need
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City of London
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Community Action Sutton
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Crowdfunder UK
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Croydon Council
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Ealing and Hounslow CVS
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Garfield Weston
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Groundwork UK
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Kickstart from SCC
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LBS Creditors
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Local Giving
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London Community
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London Learning Centre LLC
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London Sport
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London Youth
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Mercers Trustee
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People's Health
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RUKBA/Independent Age
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Sport Unites
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The Church Urban
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The Health Forum
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The Kings Fund
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Trust for London
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Youth Isolation
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ADVICE SUPPORT KNOWLEDGE INFORMATION DIRECTORS’/CHARITY TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2022
The Directors presents its report with the unaudited financial statements of the company for the year ended 31 March 2022.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
The organisation is a charitable company limited by guarantee, incorporated on 10 December 2012 and registered as a charity on 27 January 2017. The company was established under a memorandum of association which established the objects and powers of the charitable company and is governed under its articles of association with resolution of alteration on 5 December 2016. In the event of the company being wound up members are required to contribute an amount not exceeding £10.
Recruitment and Appointment of Directors
The directors of the company are also charity trustees for the purposes of charity law. Under the requirements of the Memorandum and Articles of Association the charitable company may by ordinary resolution appoint a person who is willing to act to be a director; and determine the rotation in which any additional directors are to retire. All members of the Directors give their time voluntarily and received no benefits from the charitable company. Any expenses reclaimed from the charity are set out in note 12 to the accounts.
OBJECTIVES AND ACTIVITIES
Our charity’s purposes as set out in the objects contained in the company’s memorandum of association are:
- a. To relieve poverty among people living in in Surrey and the surrounding areas by providing education, training, information, advice and support;
b. To promote social inclusion for the public benefit by preventing people from becoming socially excluded relieving the needs of those people who are socially excluded and assisting to integrate into society.
For this clause ‘socially excluded’ means being excluded from society, or part of society, as a result of being a member of a socially and economically deprived community.
Our main activities the provision of education, training, healthcare projects to relief of those in need by reason of youth, age, ill-health, disability, financial hardship or other disadvantage
ACHIEVEMENTS AND PERFORMANCE
Through our various activities as detailed above, ASKI was able to achieve the following:
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resolving issues surrounding many disadvantages and difficulties arising from, or which cause, the
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lack of financial or material resources;
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provides solutions to problems that is giving rise to poverty and preventing it from happening, such as
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poor health and nutrition, and low achievement in education and other areas of human development;
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direct public benefits in the area of reduction in crime and anti-social behaviour due to reduction in
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poverty;
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enable individuals to generate a sustainable income, be self-sufficient and bring the quality of life of
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the beneficiaries to a reasonable standard;
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alleviating social conditions that can lead to, or can be caused by poverty
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FINANCIAL REVIEWS
Against the backdrop of limited resources and insecurities over funding, the company, with the support of grant funders, donors, directors and volunteers, was able to minimize its net unrestricted funds to £9,349 surplus (2021: £-6,266) and with its aid of sound financial management, the charitable company was able to cope without affecting its services and existence for the foreseeable future.
Policy on Reserves
The charity policy on reserves aim at building up free reserves to the level needed to cover up to three months operating expenditure by means of annual operating surpluses and supplemented by generalpurpose appeals from time to time. Any surplus funds which are not likely to be needed to pay for activities will be placed on deposit to earn interest. This Policy will be reviewed every other year, at minimum, or sooner if warranted by internal or external events or changes.
ACCOUNTING AND REPORTING RESPONSIBILITIES
The directors are responsible for preparing the directors Annual Report and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom General Accepted Accounting Practice).
Company law requires the Directors to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of the incoming resources and application of resources, including the income and expenditure of the charitable company, for the financial period. In preparing these financial statements, the directors are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgments and estimates that are reasonable and prudent;
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state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on a going concern basis unless it is inappropriate to presume that the company will continue in operation.
The Directors is responsible for:
• keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and which enable them to ensure that the financial statements comply with the Companies Act 2006 and
- safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the special provisions for small companies under Part XV of the Companies Act 2006.
This report was approved by the Directors on 7 December 2022, and signed on their behalf by:
Tajeda Kelly Director
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ADVICE SUPPORT KNOWLEDGE INFORMATION INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED 31 MARCH 2022
To the trustees/directors of ADVICE SUPPORT KNOWLEDGE INFORMATION
I report on the accounts of the company for the year ended 31 March 2022 that is set out on pages 9 to 16.
Respective responsibilities of trustees and examiner
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
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examine the accounts under section 145 of the 2011 Act;
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to follow the procedures laid down in the general Directions given by the Charity Commission under
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section 145(5)(b) of the 2011 Act; and
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to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
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(1) which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 386 of the Companies Act 2006; and
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to prepare accounts which accord with the accounting records, comply with the accounting
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requirements of section 396 of the Companies Act 2006; and
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which are consistent with the methods and principles of the Statement of Recommended Practice:
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Accounting and Reporting by Charities,
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have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Maroof Adeoye MBA DChA FCIE MInstF Registered Independent Charity Examiner Community Benefit Action CIC Croydon, Surrey. CR0 2XU
9 December 2022
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ADVICE SUPPORT KNOWLEDGE INFORMATION STATEMENT OF FINANCIAL ACTIVITIES (Including Income & Expenditure Account) FOR THE YEAR ENDED 31 MARCH 2022
| Unrestricted Funds Note £ Incoming resources from charitable activities Voluntary income 2 - Other incoming resources 3 39258 Total incoming resources 39258 Resources expended Costs of generating voluntary income - Charitable activities 4 20626 Governance 5 9283 Total resources expended 29909 Net incoming/(outgoing) resources 9349 Total funds brought forward 2484 Total funds carried forward 11 11833 |
Restricted Funds £ 225528 - 225528 0 216408 1065 217473 8055 12945 21000 |
2022 Total Funds £ 225528 39258 264786 - 237034 10348 247382 17404 15429 32833 |
2021 Total Funds £ 173846 9636 |
|---|---|---|---|
| 183482 | |||
| 0 144949 33887 |
|||
| 178836 | |||
| 4646 10783 |
|||
| 15429 |
All incoming resources are derived from continuing operations. The charitable company has no other gains or losses other than those recognised in the Statement of Financial Activities.
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ADVICE SUPPORT KNOWLEDGE INFORMATION BALANCE SHEET AS AT 31 MARCH 2022
| Note £ Fixed assets Tangible assets 6 11471 Investments (unlisted) 0 Current assets Debtors 7 4050 Cash at bank and in hand 8 31107 total current assets 35157 Current Liabilities Creditors: amounts falling due within one year 9 13795 Net current assets Total Net Assets The funds of the charity Unrestricted income funds 10 Restricted income funds 10 Total funds 11 |
2022 £ 11471 21362 32833 11833 21000 32833 |
2021 £ 15296 0 15296 4050 9878 |
|---|---|---|
| 13928 13795 |
||
| 133 | ||
| 15429 | ||
| 2484 12945 |
||
| 15429 |
For the year ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities;
• The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,
• The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
These accounts have been prepared in accordance with the provisions applicable to companies’ subject to the small Companies regime.
This report was approved by the director on 7 December 2022, and signed on their behalf by:
Tajeda Kelly Director
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ADVICE SUPPORT KNOWLEDGE INFORMATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
1. Principal accounting policies
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company’s financial statements.
Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with: Accounting and Reporting by Charities – Statement of Recommended Practice (SORP 2005 – Second Edition May 2008) and Financial Reporting Standard for Smaller Entities (FRSSE) (Effective April 2008); the Charities Act 2011 and Charities (Accounts and Reports) Regulations 2008; the Companies Act 2006.
Incoming resources
All material incoming resources have been included in the Statement of Financial Activities when the company is entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT that cannot be fully recovered, and is reported as part of the expenditure to which it relates:
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Costs of generating funds comprise the costs associated with attracting voluntary income.
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Fundraising trading costs comprise costs of trading activities which are specifically to raise income for the charity.
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Charitable expenditure comprises those costs incurred by the company in the delivery of its activities for its
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beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. • Governance costs include those costs associated with meeting the constitutional and statutory requirements of the company.
Taxation
The company is exempt from Corporation Tax on its charitable activities
Funds accounting
Incoming resources that may be applied for charity's purposes are treated as unrestricted' incoming resources and are credited to theunrestricted funds'. Where a donation or grant is required to be used for a specified purpose, the amount concerned is treated as a restricted' incoming resources and is credited to the appropriaterestricted fund'.
Fixed assets and depreciation
All tangible fixed assets are capitalised and included at cost including any incidental expenses of acquisition. Equipment is written down using reducing balance method of depreciation over their estimated useful economic lives.
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2. Incoming resources from charitable activities – Voluntary income
| Unrestricted Funds £ African and Caribbean Heritage - BBC - B&Q Foundation - Bring Joy Grant - CAF - Cassandra Learning - City of London 1 - Community Action Sutton - Crowdfunder UK - Croydon Council 2 - Croydon Relief - Ealing and Hounslow CVS - Fore Raft Phase2 - Garfield Weston - Greater London Volunteering - Groundwork UK - Hear Womening - Independent Age - Joanna Terry Hudal - KFC - Kickstart from SCC - LBS Creditors 3 - Local Giving - London Community - London Learning Centre LLC - London Sport - London Youth - Mayor Office - Mercers Trustee - Nivetha - People's Health - PVC Foundation - RUKBA/Independent Age Sport Unites The Church Urban The Foyle Foundation The Health Forum The Kings Fund The London Community Foundation The Ubele Initiative Trust for London Youth Isolation 0 |
2022 Restricted Total Funds Funds £ £ - 9,704.00 9704 - - - - 15,625.00 15625 12,641.00 12641 3,012.07 3012 21,465.50 21466 - 675.00 675 - 15,000.00 15000 - - - - - - 8,173.75 8174 33,000.00 33000 500.00 500 20,884.00 20884 2,889.00 2889 468.75 469 4,500.00 4500 - 20,000.00 20000 - 6,990.00 6990 - 7,500.00 7500 8,000.00 8000 11,000.00 11000 - 9,200.00 9200 150.00 150 - - 11,000.00 11000 3,150.00 3150 |
2021 Total Funds £ 639 12704 2500 100 6300 4650 19228 17880 5758 9000 3000 700 11196 550 9650 3000 2000 1657 1234 1000 3990 24925 200 5000 1000 6000 150 19780 55 |
|---|---|---|
| 225528 225528 |
173846 |
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3. Other Incoming Resources
| 2022 Unrestricted Restricted Total Funds Funds Funds £ £ £ Appeals and donation - - - Fees and supplies - - - Bank interest 0 - 0 Other income 39258 - 39258 39258 0 39258 |
2021 Total Funds £ - - 0 9636 |
|---|---|
| 9636 |
4. Resources Expended – Charitable Activities Resources Expended – Charitable Activities
| Fundraising costs Publicity costs Establishment costs Office expenses Printing, posting and stationery Motor/Travel and subsistence Bank interest and charges Employment costs Repairs and maintenance Legal and professional fees Training Telephone costs Volunteer & refreshment costs Venue hire Project costs IT costs Depreciation Other costs |
Unrestricted Funds £ 115 14310 3824 2377 - 20626 |
2022 Restricted Total Funds Funds £ £ 0 1335 1335 5000 5000 6410 6410 1908 1908 4150 4265 0 0 65538 79848 0 0 0 0 27775 27775 2545 2545 14211 14211 31700 31700 49196 49196 4800 4800 0 3824 1841 4218 216408 237034 |
2021 Total Funds £ - 1022 128 1898 58991 - - 13646 2241 13341 24876 23186 90 5099 431 |
|---|---|---|---|
| 144949 |
5. Resources Expended – Governance
| Unrestricted Funds £ Accountancy 1525 Other professional fees 7758 9283 |
2022 Restricted Total Funds Funds £ £ 0 1525 1065 8823 |
2021 Total Funds £ 850 33037 |
|---|---|---|
| 1065 10348 |
33887 |
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6. Tangible Fixed Assets
| Cost At 1 April 2021 Additions Disposals Revaluations Transfers At 31 March 2022 Depreciation At 1 April 2021 Charge for year Disposals Other adjustments At 31 March 2022 Net book value At 31 March 2022 At 31 July 2021 |
Plant & Office Motor Machinery Equipment Vehicles £ £ £ - - 20,394 - - - - - - - - - - - - - - 20,394 - - 5,099 3,824 - - - - - - - - 8,923 - - 11,471 - - 15,295 |
2022 Total £ 20,394 - - - - 20,394 5,099 3,824 - - 8,923 11,471 15,295 |
2021 Total £ 20,394 - - - - 20394 - 5,099 - - |
|---|---|---|---|
| 5099 | |||
| 15296 | |||
| 20394 |
7. Debtors
| Rent - Refundable Deposit Other debtors - Accruals 8. Cash at bank and in hand Santander account Cash in hand 9. Creditors Creditors - Funds Accrued Accountancy Other creditors - Accruals |
2022 £ 4050 0 4050 2022 £ 31107 0 31107 2022 £ 12270 1525 0 13795 |
2021 £ 4050 0 |
|---|---|---|
| 4050 | ||
| 2021 £ 9878 0 9878 2021 £ 12945 850 0 |
||
| 13795 |
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10. Movements in funds
| Unrestricted funds Charity's fund Total Unrestricted Funds Restricted funds Grants: BBC Children In Need City of London Community Action Sutton Crowdfunder UK Croydon Council Ealing and Hounslow CVS Garfield Weston Groundwork UK Kickstart from SCC LBS Creditors Local Giving London Community London Learning Centre LLC London Sport London Youth Mercers Trustee People's Health RUKBA/Independent Age Sport Unites The Church Urban The Health Forum The Kings Fund Trust for London Youth Isolation Sundries - DIF Total Restricted Funds TOTAL FUNDS |
Opening balance £ 2484 2484 0 0 3000 0 0 0 0 945 0 0 0 0 9000 0 0 0 0 0 0 0 0 0 0 0 12945 15429 |
Incoming resources £ 39258 39258 9704 15,625.00 12,641.00 3,012.07 21,465.50 675 15000 8,173.75 33,000.00 500.00 20,884.00 2,889.00 468.75 4,500.00 20,000.00 6,990.00 7,500.00 8,000.00 11,000.00 9,200.00 150.00 11,000.00 3,150.00 225528 264786 |
(Resources expended) £ 29909 29909 9704 15,625.00 15,641.00 3,012.07 21,465.50 675 10000 945 8174 27000 500 15884 2,889.00 9,468.75 4,500.00 17000 6,990.00 7,500.00 8,000.00 11,000.00 9,200.00 150.00 9,000.00 3150 0 217473 247382 |
Transfers £ - - 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 |
Closing balance £ 11833 |
|---|---|---|---|---|---|
| 11833 | |||||
| 0 0 0 0 0 0 5000 0 0 6000 0 5000 0 0 0 3000 0 0 0 0 0 0 2000 0 0 |
|||||
| 21000 | |||||
| 32833 |
| 11. Analysis of net assets by fund Cash at bank and in hand Other net assets (liabilities) |
Unrestricted funds £ 0 10107 1726 11833 |
Restricted Total funds funds £ £ 0 0 21000 31107 1726 21000 32833 |
|---|---|---|
12. Trustee Remuneration & Related Party Transactions No member of the directors received any remuneration during the year. No Trustee or other person related to the charity had any personal interest in any contract or transaction entered by the charity during the year.
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13. Taxation
As a charity, Advice Support Knowledge Information (ASKI), is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the Charity.
14. Control
The ultimate controlling parties are the directors as listed in the information and page.
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