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2021-03-31-accounts

COMPANY REGISTRATION NUMBER: 07966636 CHARITY REGISTRATION NUMBER: 1172719

HoardingUK Ltd Company Limited by Guarantee Unaudited Financial Statements 31 March 2021

Anderson Bookkeeping & Accounts

21 Wilkinson Drop Oak Road South Hadleigh Benfleet Essex

SS7 2BF

HoardingUK Ltd

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 March 2021

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2021.

Reference and administrative details

Registered charity name HoardingUK Ltd Charity registration number 1172719 Company registration number 07966636 Principal office and registered Suite 103 office Davina House 137-149 Goswell Road Islington London EC1V 7ET The trustees Ms ME Karnes (Founder/Chair) Dr S Singh (Clinical Director) Dr S Whomsley Mrs SC Murray Mrs M Murray (Legal/Company Secretary) Ms S Degan Ms Mandi Simms Mrs HC Matuozzo Charity Patrons Jasmine Harman Leonie Hampton Medical Research Advisory Board Dr Gianetta Rands (Consultant Psychiatrist) Company secretary Mrs M Murray Independent examiner Russell Anderson Anderson Bookkeeping & Accounts 21 Wilkinson Drop Oak Road South Hadleigh, Benfleet Essex SS7 2BF

Structure, governance and management (continued)

THE TRUSTEES

The trustees who served the charity during the period were as follows:

Ms ME Karnes (Founder/Chair) Dr S Singh (Clinical Director) Dr Stuart Whomsley Mrs SC Murray Mrs M Murray (Legal/Company Secretary) Ms S Degen Ms Mandi Simms Mrs HC Matuozzo

2

HoardingUK Ltd

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 March 2021

Governing Document

The charity is constituted by an Articles and Memorandum, incorporated as a company limited by guarantee on the 27 February 2012 and registered as a charity on 24 April 2017 with the object to promote and protect the physical and mental health of sufferers of hoarding disorder by (but not limited to):

(a) advising, helping and supporting people with hoarding behaviours and those people impacted by those with hoarding behaviours;

(b) providing training to and supporting professionals in public and private services, who are supporting or working with those with hoarding behaviours, not limited to public authorities, services and health and mental health services and agencies; and

(c) raising awareness of hoarding behaviours with public services and the public at large to help increase understanding of hoarding behaviours and raise the levels of support and services available to those with hoarding behaviours or impacted by it.

The Charity supports people affected by hoarding behaviour by providing:

The Charity works in collaboration with others interested in advancing knowledge of and support for hoarding behaviour. The charity is committed to developing and devising new ways to support people impacted by hoarding behaviour.

ORGANISATIONAL STRUCTURE AND DECISION MAKING

The affairs of the Charity are managed by its Trustees, who are required to exercise their powers to further the objects of the Charity. Independent contractors are recruited to manage the day-to-day operations of the Charity and deliver services, in accordance with the strategy, policy and plans adopted by the Trustees. As the Charity grows the board will work to increase our reserve funds.

RELATED PARTY RELATIONSHIPS

HoardingUK works closely with a number of NHS organisations, statutory services and private companies who provide specialist treatment for people with hoarding behaviour. Further to the Trustee's decision and member's vote, it was agreed that MHCUK would receive a minority percentage of fees for training our Chair delivered. Our Trustee, Heather Matuozzo, is the Director of a not-for-profit decluttering and training company, CloudsEnd Community Interest Company (CE-CIC) and CloudsEnd Ltd. Ms Matuozzo has received no remuneration from HoardingUK. Our Clinical Director and Trustee, Doctor Satwant Singh, is a clinician working in the NHS and privately. Our Clinical Director has received no remuneration from HoardingUK. Our Trustee Dr Stuart Whomsley is a clinical psychologist working in the NHS and privately. Dr Whomsley has received no remuneration from HoardingUK.

RISK MANAGEMENT

The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity. The trustees are satisfied that systems and procedures are in place to mitigate the Charity's exposure to the major risks.

3

HoardingUK Ltd

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 March 2021

Objectives and activities

Our key aims for 2020/21:

The Trustees are pleased to report that, in 2020/2021, despite the enormous impact of Covid19 Pandemic on our staff, volunteers and service delivery capability, the charity reinforced its resilience and viability.

PUBLIC BENEFIT

We have referred to the guidance contained in the Charity Commissions general guidance on public benefit when reviewing our aims and objectives and in planning our future services. In particular, the board of trustees consider how our planned services will contribute to the aims and objectives they have set.

Achievements and performance

HoardingUK is the only UK charity dedicated to supporting people with hoarding behaviours. Our aim is to enable people and services to join together and improve outcomes for everyone impacted. Our objective is to provide support through a free and confidential national telephone therapeutic and spatial support service, remote advocacy, Support Groups, In-Home Support Programme and Training for professionals.

Founder/CEO Megan Karnes resigned from that position and stepped up in the Chair of the Trustees. The decision was taken as a result of the charity being in a stable position with the aim to increase capacity and expand existing successful programmes. The organisation agreed a multi-management operational model due to the breadth of our diverse range of services. Ms Karnes was also accepted into the Middlesex University DProf programme where she will design and deliver a hoarding specific research project. Her commitment to HoardingUK has been instrumental in its continued success. The Trustees, team and participants thank her for the thirteen years of unsalaried management of the organisation. We know that as Chair, she will continue to lead the charity to wholeheartedly drive positive change in the understanding and systemic management of hoarding behaviour.

Key highlights of our year:

Directly support people impacted by hoarding behaviour

Advocacy outcomes

Met increased need during pandemic. Continued our work supporting people who are being threatened with eviction and forced removals.

Helpline outcomes

4

HoardingUK Ltd

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 March 2021

Peer Mentor programme launch

Launched project which will put people with hoarding behaviour at the frontline of driving systemic change.

Raise awareness about hoarding behaviour

Support Group Development

HoardingUK’s award nominated support group development programme launched in two local authorities in 2020, nine more are on schedule to begin in 2021 – subject to Covid restrictions being reduced.

We launched five new virtual support groups including BAME (we understand that there is current reconsideration of usage, HoardingUK is awaiting information about the new frame and will adjust this as and when there is agreement), LGBTQAI, Place in the Space, Advocacy Surgery and Recovery College.

Launched Chairing Positive Change, a fortnightly virtual drop-in to support case management for professionals.

Increase fundraising

Our efforts resulted in grants from: Allen Lane Foundation; Awards For All; City of London Covid Fund; Garfield Weston; Goldsmiths; MIND; National Lottery Community Fund; Unltd SES Fund, Sobell Foundation; Trust For London.

The Trustees, team and participants at HoardingUK are extremely grateful for the support from our funders whose support during this challenging period ensured that we were able to not only continue to provide support but improve backend processes which have resulted in improved capacity.

Our heartfelt thanks.

Supporting Research

We continued to focus on enabling people with hoarding behaviour to take part in research being undertaken by reputable researchers, in order to increase understanding of hoarding behaviour and its impact and treatments. HoardingUK was approached by many researchers and institutions during the year and, having satisfied ourselves after our Clinical Director and Medical Advisor assessed that the projects were appropriate; we published information about the studies on our website and via social media, to to inform people and enable them to take part. Our goal is to publish all supported research on our website by 2022.

5

HoardingUK Ltd

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 March 2021

SERIOUS INCIDENTS REPORTS

The Charity Commission state that if a charity has an income of £25,000 or more, they must state if any serious incidents took place in the last year, including any that they should have reported but did not.

There have been no serious incidents.

Financial review

FUNDRAISING / INCOME GENERATION

Consistent with previous years our income increased in 2020/2021, despite the impact of the pandemic and solely as a result of our generous funders who supported us to continue to deliver services as well as undertaking vital operational development.

RESERVES

On 31 March 2021, unrestricted reserves were £ 2,388 and restricted funds were in hand at £ 34,939, giving an overall net funds balance of £ 37,327.

GOING CONCERN

After making appropriate enquiries, HoardingUK's Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

Plans for future periods

Strategic Plan for 2021/2022 defined the following priorities

ACKNOWLEDGEMENTS AND APPRECIATION

The Trustees would like to thank the Charitable Trusts, organisations and individuals on whose generous financial support it relies. The Trustees would also like to take this opportunity to thank its dedicated and committed team and volunteers, who help to ensure that the Charity can provide life changing support and information to people affected by hoarding behaviour.

We particularly acknowledge Jasmine Harman and Leonie Hampton for continuing to support our work as a Patrons.

Thanks to all the wonderful volunteers who adapted amazingly throughout this difficult time in relation to the impact of the pandemic. Not only did you adjust you transformed the service.

CONCLUDING REMARKS

HoardingUK exists to fill the gap in expert provision, we are a first point of call for people impacted, friends, family, neighbours and professionals. The support and information we provide is predominantly free of the highest quality and accessible.

6

HoardingUK Ltd

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 March 2021

We do or work in co-production/partnership with people who may have withdrawn from interaction as a result of shame and stigma as well as working alongside local/national media, local services, individuals and professionals. Consultation, co-production and collaboration are central to every aspect of our work. Every aspect includes these values.

We measure success in the change/improvement that our work makes to our beneficiaries. We aim to support our beneficiaries to stop/reduce hoarding, feel less isolated, feel their mental wellbeing and their quality of life has improved.

TRUSTEES' RESPONSIBILITIES STATEMENT

The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards(United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources of the Charity for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Charity's Constitution.

They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

The trustees' annual report was approved on and signed on behalf of the board of trustees by:

Ms ME Karnes (Founder/Chair) Trustee

7

HoardingUK Ltd

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of HoardingUK Ltd

Year ended 31 March 2021

I report to the trustees on my examination of the financial statements of HoardingUK Ltd ('the charity') for the year ended 31 March 2021.

Responsibilities and basis of report

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

  2. the financial statements do not accord with those records; or

  3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or

  4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Russell Anderson Independent Examiner

Anderson Bookkeeping & Accounts 21 Wilkinson Drop Oak Road South Hadleigh Benfleet Essex SS7 2BF

8

HoardingUK Ltd

Company Limited by Guarantee

Statement of Financial Activities (including income and expenditure account)

Year ended 31 March 2021

Year ended 31 March 2021
2021 2020
Unrestricted Restricted
funds funds Total funds Total funds
Note
£		 £ £ £
Income and endowments
Donations and legacies 5 2,163 129,631 132,160 59,515
Charitable activities 6 23,612 – 25,928 59,106
Other trading activities 7 199 – – –
Investment income 8 2 – 2 –
---------------------------- --------------------------------
Total income 25,976 129,631 155,607 118,621
= = = = = = = =
Expenditure
Expenditure on raising funds:
Costs of raising donations and
legacies 9 – 11,195 11,195 –
Costs of other trading activities 10
23,414		 62,107 90,077 73,135
Expenditure on charitable activities 11,12
1,451		 28,724 30,175 43,765
---------------------------- --------------------------------
Total expenditure 24,865 102,026 126,891 116,900
= = = = = = = =
---------------------------- --------------------------------
Net income and net movement in funds 1,111 27,605 28,716 1,721
= = = = = = = =
Reconciliation of funds
Total funds brought forward 1,277 7,334 8,611 6,890
---------------------------- --------------------------------
Total funds carried forward 2,388 34,939 37,327 8,611
= = = = = = = =

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 12 to 20 form part of these financial statements.

9

HoardingUK Ltd

Company Limited by Guarantee

Statement of Financial Position (continued)

31 March 2021

HoardingUK Ltd
Company Limited by Guarantee
Statement of Financial Position(continued)
31 March 2021
2021 2020
Note £ £
Fixed assets
Tangible fixed assets 17 253 337
Current assets
Debtors 18 32,280 27,994
Cash at bank and in hand 28,735 4,543
- -
61,015 32,537
Creditors: amounts falling due within one year
Payments received on account 4,373 5,000
Other creditors including taxation and social security 19 28,179 19,263
- -
32,552 24,263
- -
Net current assets 28,463 8,274
- -
Total assets less current liabilities 28,716 8,611
= =
Funds of the charity
Restricted funds 34,939 7,334
Unrestricted funds 2,388 1,277
- -
37,327 8,611
- -
Total charity funds 20 37,327
=		 8,611
=

For the year ending 31 March 2021 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements were approved by the board of trustees and authorised for issue on 31.03.2022, and are signed on behalf of the board by:

Ms ME Karnes (Founder/Chair) Trustee

The notes on pages 11 to 19 form part of these financial statements.

10

HoardingUK Ltd

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 March 2021

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Suite 103, Davina House, 137-149 Goswell Road, Islington, London, EC1V 7ET.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

11

HoardingUK Ltd

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2021

3. Accounting policies (continued)

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

12

HoardingUK Ltd

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2021

3. Accounting policies (continued)

Tangible assets (continued)

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

13

HoardingUK Ltd

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2021

3. Accounting policies (continued)

Financial instruments (continued)

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Limited by guarantee

The company is limited by guarantee and every member undertakes to contribute such amount as may be required (not exceeding £10) to the company's assets if it should be wound up while he/she is a member, or within one year after he/she ceases to be a member, for payment of the company's debts and liabilities contracted before he/she ceases to be a member.

14

HoardingUK Ltd

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2021

5. Donations and legacies

5. Donations and legacies
Unrestricted Restricted Total Funds
Funds Funds 2021
£ £ £
Donations
Donations 2,163 – 2,163
Grants
Grants receivable - Sobell Foundation – 5,000 5,000
Grants receivable - Goldsmiths – 3,000 3,000
Grants receivable - City of London Covid Fund – 1,037 1,037
Grants receivable - Garfield Weston – 10,000 10,000
Grants receivable - MIND Virtual SGD – 12,353 12,353
Grants receivable - NLCF Covid Response – 40,000 40,000
Grants receivable - NLCF SGD – 12,500 12,500
Grants receivable - SES Fund – 36,291 36,291
Grants receivable - Trust For London – 9,450 9,450
----------------------- --------------------------------
2,163 129,631 129,631
= = = = = = =
Unrestricted Restricted Total Funds
Funds Funds 2020
£ £ £
Donations
Donations 4,515 – 4,515
Grants
Grants receivable - Big Lottery Fund - Awards For All
–		 25,000 25,000
Grants receivable - Sobell Foundation – 5,000 5,000
Grants receivable - Paristamen 5,000 15,000 20,000
Grants receivable - Allen Lane Foundation – 5,000 5,000
- - -
9,515 50,000 59,515
= = =
6. Charitable activities
Unrestricted Total Funds Unrestricted Total Funds
Funds 2021 Funds 2020
£ £ £ £
Services provided 19,207 19,207 35,783 35,783
Conference sales and tickets 4,405 4,405 23,323 23,323
----------------------------
23,612 23,612 59,106 59,106
= = = = = =
7. Other trading activities
Unrestricted Total Funds Unrestricted Total Funds
Funds 2021 Funds 2020
£ £ £ £
Membership fees 199 199 – –
= = = = =

15

HoardingUK Ltd

Company Limited by Guarantee

Management Information

Year ended 31 March 2021

8. Investment income
Unrestricted
Total Funds		 Unrestricted Total Funds
Funds
2021		 Funds 2020
£ £ £ £
Bank interest receivable 2 2 – –
= = = = =
9. Costs of raising donations and legacies
Restricted
Total Funds		 Restricted Total Funds
Funds
2021		 Funds 2020
£ £ £ £
Costs of raising funds 11,195
11,195		 – –
= = = = = =
10. Costs of other trading activities
Unrestricted Restricted Total Funds
Funds Funds 2021
£ £ £
Costs of other trading activities - Conference 1,451 - 1,451
Costs of other trading activities - Pricipal activity 23,414 90,831 114,245
---------------------------- ----------------------------
24,865 90,831 115,696
= = = = = = =
Unrestricted Restricted Total Funds
Funds Funds 2020
£ £ £
Costs of other trading activities - Conference 21,528 – 21,528
Costs of other trading activities - Principal activity 35,007 16,600 51,607
- - -
56,535 16,600 73,135
= = =
11. Expenditure on charitable activities by fund type
Unrestricted Restricted Total Funds
Funds Funds 2021
£ £ £
Principal activity 1,390 28,724 30,115
Support costs 61 – 60
----------------------- ----------------------------
1,451 28,724 30,175
= = = = = = =
Unrestricted Restricted Total Funds
Funds Funds 2020
£ £ £
Principal activity 6,051 37,666 43,717
Support costs 48 – 48
- - -
6,099 37,666 43,765

= = =

16

HoardingUK Ltd

Company Limited by Guarantee

Management Information

Year ended 31 March 2021

12. Expenditure on charitable activities by activity type

Activities
undertaken Support
Total		 funds Total fund
directly costs 2021 2020
£ £ £ £
Principal activity 24,115 – 24,115 43,717
Management costs 6,000 60 6,060 48
---------------------------- --------------
30,115 60
30,175		 43,765
= = = = = = =
13. Net income
Net income is stated after charging/(crediting):
2021 2020
£ £
Depreciation of tangible fixed assets 84 113
= =
14. Independent examination fees
2021 2020
£ £
Fees payable to the independent examiner for:
Independent examination of the financial statements 500 1,200
= =
15. Operating costs
The total consultancy costs for the reporting period are analysed as follows:
2021 2020
£ £
Consultancy Costs 58,868 28,718
= =

Staff costs

The average head count of employees during the year was Nil (2020: Nil).

No employee received employee benefits of more than £60,000 during the year (2020: Nil).

Trustee remuneration and expenses

SORP 2015 requires one of the following statements to be made: no remuneration or other benefits from employment with the charity or a related entity were received by the trustees.

17

HoardingUK Ltd

Company Limited by Guarantee

Management Information

Year ended 31 March 2021

16. Tangible fixed assets

Tangible fixed assets
Fixtures and
fittings
£
Cost
At 1 April 2020 and 31 March 2021 2,246
=
Depreciation
At 1 April 2020 1,909
Charge for the year 84
-
At 31 March 2021 1,993
=
Carrying amount
At 31 March 2021 253
=
At 31 March 2020 337
=

17. Debtors

Debtors
2021 2020
£ £
Trade debtors 10,203 15,848
Amounts owed by undertakings in which the charity has a
participating interest 10,904 6,558
Other debtors - Eventbrite 395 –
Other debtors 10,678 5,588
- -
32,180 27,994
= =
Other creditors including taxation and social security falling
due within one year
2021 2020
£ £
Director loan accounts 7,485 16,663
Other creditors - 2,600
- -
7,485 19,263
= =

18. Other creditors including taxation and social security falling due within one year

19. Analysis of charitable funds

Unrestricted funds

At
At 31 March 20
1 April 2020 Income Expenditure Transfers 21
£ £ £ £ £
General funds 1,277 25,976 (24,865) – 2,388
= = = = = = = = = = = =
At
At 31 March 20
1 April 2019 Income Expenditure Transfers 20
£ £ £ £ £
General funds (8,551) 68,621 (62,634) 3,841 1,277

18

HoardingUK Ltd

Company Limited by Guarantee

Management Information

Year ended 31 March 2021

~~=~~ ~~=~~ ~~=~~ ~~=~~ ~~=~~
Restricted funds
At
At 31 March 20
1 April 2020 Income Expenditure Transfers 21
£ £ £ £ £
Restricted Fund 7,334 129,631 (102,026) – 34,939
= = = = = = = = = = = = = =
At
At 31 March 20
1 April 2019 Income Expenditure Transfers 20
£ £ £ £ £
Restricted Fund 15,441 50,000 (54,266) (3,841)
7,334
= = = = =

The following pages do not form part of the financial statements.

19

HoardingUK Ltd

Company Limited by Guarantee

Detailed Statement of Financial Activities

Year ended 31 March 2021

HoardingUK Ltd
Company Limited by Guarantee
Detailed Statement of Financial Activities
Year ended 31 March 2021
2021 2020
£ £
Income and endowments
Donations and legacies
Donations 2,163 4,515
Grants receivable - Big Lottery Fund - Awards For All – 25,000
Grants receivable - Sobell Foundation 5,000 5,000
Grants receivable - Goldsmiths 3,000 –
Grants receivable - Paristamen – 20,000
Grants receivable - Allen Lane Foundation – 5,000
Grants receivable - City of London Covid Fund 1,037 –
Grants receivable - Garfield Weston 10,000 –
Grants receivable - MIND Virtual SGD 12,353 –
Grants receivable - NLCF Covid Response 40,000 –
Grants receivable - NLCF SGD 12,500 –
Grants receivable - SES Fund 36,291 –
Grants receivable - Trust For London 9,450 –
- -
131,794 59,515
- -
Charitable activities
Services provided 19,207 35,783
Conference sales and tickets 4,405 23,323
- -
23,612 59,106
- -
Other trading activities
Membership fees 199 –
- -
Investment income
Bank interest receivable 2 –
- -
- -
Total income 155,607 118,621
= =

20

HoardingUK Ltd

Company Limited by Guarantee

Detailed Statement of Financial Activities (continued)

Year ended 31 March 2021

HoardingUK Ltd
Company Limited by Guarantee
Detailed Statement of Financial Activities(continued)
Year ended 31 March 2021
2021 2020
£ £
Expenditure
Costs of raising donations and legacies
Consultancy fees 11,195 –
- -
Costs of other trading activities
Purchases 9,399 16,010
Consultancy fees 47,673 28,718
Rent 18,000 18,000
Insurance 644 952
Other establishment - 1,814
Motor vehicle expenses - –
Other motor/travel costs 971 2,817
Legal and professional fees 6,000 –
Telephone 1,628 731
Other office costs 809 1,380
Depreciation 84 113
Principal activity - –
Accountancy fees 5,623 2,600
–
- -
90,831 73,135
- -
Expenditure on charitable activities
Other office costs 1,451 1,601
Other interest payable and similar charges 60 48
DetailedSOFAExpenditureOnCharitableActivitiesType2H 23,354 42,116
- -
24,865 43,765
- -
- -
Total expenditure 126,891 116,900
= =
- -
Net income 28,716 1,721
= =

21

HoardingUK Ltd

Company Limited by Guarantee

Notes to the Detailed Statement of Financial Activities

Year ended 31 March 2021

Year ended 31 March 2021
2021 2020
£ £
Costs of raising donations and legacies
Costs of raising funds
Consultants fees 11,195 –
- -
- -
Costs of raising donations and legacies 11,195 –
= =
Costs of other trading activities
Costs of other trading activities - Conference
Conference costs 2,940 16,010
Conference - consultancy costs - 5,518
- -
2,940 21,528
- -
Costs of other trading activities – Principal activity
Consultancy fees 47,673 23,200
Rent 18,000 18,000
Insurance 644 952
Computer and other I.T. costs 12,003 1,814
Advertising and promotion 6,402 –
Travelling expenses 971 2,817
Bank and credit charges 1,258 –
Telecommunications & Internet expenses 9,039 731
Printing, postage and stationery
 3,898 1,380
Depreciation 84 113
Recruitment and training 1,161 –
Accountancy 2,400 2,600
Bookkeeping 3,223 –
Management Costs 6,000
- -
112,756 51,607
- -
- -
Costs of other trading activities 115,696 73,135
= =

22

HoardingUK Ltd

Company Limited by Guarantee

Notes to the Detailed Statement of Financial Activities (continued)

Year ended 31 March 2021

Notes to the Detailed Statement of Financial A
Year ended 31 March 2021		 ctivities(continued)
2021 2020
£ £
Expenditure on charitable activities
Principal activity
Activities undertaken directly
Other office costs 2,175 1,601
Direct charitable activity 27,940 42,116
- -
30,115 43,717
- -
Governance costs
Governance costs - bank charges 60 48
- -
- -
Expenditure on charitable activities 30,175 43,765
= =

23