2021-03-31-accounts

CHARITY REGISTRATION NUMBER: 1174543

LONDON ASBESTOS SUPPORT AWARENESS GROUP Unaudited Financial Statements

31 March 2021

RMR PARTNERSHIP LLP

Chartered Accountants 3rd Floor, Vyman House 104 College Road Harrow Middlesex HA1 1BQ

LONDON ASBESTOS SUPPORT AWARENESS GROUP

Financial Statements

Year ended 31 March 2021

	Page
Trustees' annual report	1
Independent examiner's report to the trustees	5
Statement of financial activities	6
Statement of financial position	7
Statement of cash flows	8
Notes to the financial statements	9

LONDON ASBESTOS SUPPORT AWARENESS GROUP

Trustees' Annual Report

Year ended 31 March 2021

The trustees 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 LONDON ASBESTOS SUPPORT AWARENESS GROUP Charity registration number 1174543 Principal office FARTHINGS BRIDLE LANE LOUDWATER RICKMANSWORTH WD3 4JQ

The trustees

DAVID ELLIS OBE CHRISTINE STEPHENS PHILIP LEWIS BELINDA CHADWICK

Independent examiner

RMR Partnership LLP 3rd Floor, Vyman House 104 College Road Harrow Middlesex HA1 1BQ

Structure, governance and management

The charity is governed by a constitution adopted on 2 May 2017 amended on 30 August 2017.

Overall management of the charity is the responsibility of the Trustees who are elected under the terms of the constitution.The operational activity is managed and carried out by volunteers and paid staff.

Trustees have been selected from a number of diverse backgrounds including the spouse of a mesothelioma victim and those who have experiences related to the conditions or who have specialist skills and experience needed to strengthen the Board.

1

LONDON ASBESTOS SUPPORT AWARENESS GROUP

Trustees' Annual Report (continued)

Year ended 31 March 2021

Structure, governance and management (continued)

Risk Management

The Board of Trustees is responsible for the management of the risks faced by the charity. The Board and its staff identify the potential and actual risks, the nature of the risks, the likelihood and impact of the risks happening, and the measures taken to prevent or manage them. The Trustees review risks formally at Board Meetings as well as discussing and updating risks at more informal governance meetings.

The main risks identified that the charity faces are to:

• Income - which is mitigated by our fundraising strategy, specific targets and consistent reporting to Board of Trustees

• Reputation - competence of our staff - which is mitigated by ensuring all the systems, processes and support are in place to ensure the effective recruitment, maintenance and development of Support Workers and their services

• Internal infrastructure - which is mitigated by continually assessing and evolving the infrastructure as the charity grows, while taking into account the needs for the coming years.

The Trustees continue to assess the effect of a significant financial event on the charity's income and are satisfied that the charity has a suitably robust and diverse range of income streams which will mitigate the risk from such an event. There is also a robust reserves policy.

2

LONDON ASBESTOS SUPPORT AWARENESS GROUP

Trustees' Annual Report (continued)

Year ended 31 March 2021

Objectives and activities

The principal objects of the charity are to improve the quality of life for anyone affected by Mesothelioma or other asbestos-related diseases in London and the South East of England by providing independent, practical and emotional holistic support though:

Setting up and running local support groups or working collaboratively with others to set up and run local support groups;

Setting up and running friendship groups for bereaved carers and family members to remember their loved ones and raise funds to support our work;

Conducting home visits and telephone support;

Assisting with benefits claims and government compensation;

Signposting to appropriate health care services and maintaining a list of tested legal service providers for help with civil compensation claims;

Our objects also include advancing the education of health care professionals by providing grants to enable them to attend specialist conferences or events as well as raising awareness within the community of the dangers and impact of exposure to asbestos.

Partnership and collaboration remain key themes of the charity going forward with a focus always on what arrangements best serve our beneficiaries who are the users of our services.

Achievements and performance

During the period our operation was seriously affected by the outbreak of Covid-19 and this continues to affect to a lesser extent our ability to deliver the services in the way that we did pre-pandemic. Our Support Workers and Service Manager have done all they can to continue delivering services within the constraints imposed. We are most grateful to them for the dedication shown throughout and for the alternative solutions they have used to make sure the services are delivered to those who need them despite the difficulties they have faced. During the period we have continued to operate a free helpline service for victims or their families to access our services immediately on diagnosis or at any other time after. Our team of Support Workers have given one-to-one independent support and assistance to a growing number of victims, family members and carers mainly by zoom or by phone during the period of restrictions. The number of house calls fell during the height of the pandemic as we observed legal restrictions and all guidelines to the full. The Support Workers have also kept in touch to support participants and users of the monthly support group programme in Dagenham, Canterbury, Sevenoaks, Rainham, Sheppey, Bexley and London. Where possible support meetings have been held by zoom. The pandemic has not affected the level of the donations we received in any material way.

3

LONDON ASBESTOS SUPPORT AWARENESS GROUP

Trustees' Annual Report (continued)

Year ended 31 March 2021

Financial review

A surplus of £46,454 was generated by incoming resources totalling £204,977 for the period and resources expended £158,523. This surplus goes partly to the restricted reserve fund the Trustees have set in accordance with their agreed reserve policy - this policy is designed to ensure that sufficient reserves are held for the purpose for ensuring the continuation of the services of the charity to the benefit of the users of our services.

The reserves policy in particular ensures the charity has the ability to withstand any unforeseen drops in income and sufficient free reserves are held for that purpose. The Board's policy with regard to free reserves has been to set a target for such reserves to equal approximately up to six months.

Reserves Policy

The reserves policy in particular ensures the charity has the ability to withstand any unforeseen drops in income and sufficient free reserves are held for that purpose.

The Board's policy with regard to free reserves has been to set a target for such reserves to equal approximately six months.

Public benefit

In setting our objectives and planning future activities the Trustees have given careful consideration to the Charity Commission's general guidelines on public benefit. The Charity aims to provide for the benefit of the communities in the areas of Greater London and The South East of England, practical and emotional support services with the object of improving the quality of life of anyone affected by mesothelioma or other asbestos related diseases.

The trustees' annual report was approved on 26 January 2022 and signed on behalf of the board of trustees by:

............................................ DAVID ELLIS OBE Trustee and Chairman

4

LONDON ASBESTOS SUPPORT AWARENESS GROUP

Independent Examiner's Report to the Trustees of LONDON ASBESTOS SUPPORT AWARENESS GROUP

Year ended 31 March 2021

I report to the trustees on my examination of the financial statements of LONDON ASBESTOS SUPPORT AWARENESS GROUP ('the charity') for the year ended 31 March 2021.

Responsibilities and basis of report

The trustees are responsible for the preparation of the financial statements. 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:

• examine the accounts under section 145 of the 2011 Act;

• to follow the procedures laid down in the general Directions given by the Charity Commission

• under section 145(5)(b) of the 2011 Act; and

• to state whether particular matters have come to my attention.

Independent examiner's statement

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

1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

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

3. the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

............................................

RMR Partnership LLP

Independent Examiner

3rd Floor, Vyman House 104 College Road Harrow Middlesex HA1 1BQ

26 January 2022

5

LONDON ASBESTOS SUPPORT AWARENESS GROUP

Statement of Financial Activities

Year ended 31 March 2021

			2021		2020
		Unrestricted	Restricted
		funds	funds	Total funds	Total funds
	Note	£	£	£	£
Income and endowments
Donations and legacies	4	196,031	8,946	204,977	181,343
		ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
Total income		196,031	8,946	204,977	181,343
		৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶
Expenditure
Expenditure on charitable activities	5,6	158,522	–	158,522	136,164
		ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
Total expenditure		158,522	–	158,522	136,164
		৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶
		ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
Net income and net movement in	funds	37,509	8,946	46,455	45,179
		৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶
Reconciliation of funds
Total funds brought forward		73,379	42,000	115,379	70,201
		ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
Total funds carried forward		110,888	50,946	161,834	115,379
		৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶

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 9 to 17 form part of these financial statements.

6

LONDON ASBESTOS SUPPORT AWARENESS GROUP

Statement of Financial Position

31 March 2021

		2021	2020
	Note	£	£
Fixed assets
Tangible fixed assets	12	10,329	–
Current assets
Debtors	13	–	5,250
Cash at bank and in hand		154,576	137,844
		ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
		154,576	143,094
Creditors: amounts falling due within one year	14	3,071	27,714
		ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
Net current assets		151,505	115,380
		ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
Total assets less current liabilities		161,834	115,380
		ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
Net assets		161,834	115,380
		৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶
Funds of the charity
Restricted funds		44,436	42,000
Unrestricted funds		117,398	73,379
		ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
Total charity funds	16	161,834	115,379
		৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶

These financial statements were approved by the board of trustees and authorised for issue on 26 January 2022, and are signed on behalf of the board by:

............................................

DAVID ELLIS OBE Trustee and Chairman

The notes on pages 9 to 17 form part of these financial statements.

7

LONDON ASBESTOS SUPPORT AWARENESS GROUP

Statement of Cash Flows

Year ended 31 March 2021

	2021	2020
	£	£
Cash flows from operating activities
Net income	46,455	45,179
Adjustments for:
Depreciation of tangible fixed assets	285	–
Interest payable and similar charges	660	–
Accrued (income)/expenses	(3,330)	1,750
Changes in:
Trade and other debtors	5,250	–
Trade and other creditors	(21,313)	861
	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
Cash generated from operations	28,007	47,790
Interest paid	(660)	–
	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
Net cash from operating activities	27,347	47,790
	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶
Cash flows from investing activities
Purchase of tangible assets	(10,614)	–
	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
Net cash used in investing activities	(10,614)	–
	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶
Net increase in cash and cash equivalents	16,733	47,790
Cash and cash equivalents at beginning of year	137,844	90,054
	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
Cash and cash equivalents at end of year	154,577	137,844
	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶

The notes on pages 9 to 17 form part of these financial statements.

8

LONDON ASBESTOS SUPPORT AWARENESS GROUP

Notes to the Financial Statements

Year ended 31 March 2021

1. General information

The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is FARTHINGS, BRIDLE LANE, LOUDWATER, RICKMANSWORTH, WD3 4JQ.

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 Charities Act 2011.

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

The financial statements are prepared, on a going concern basis, under the historical cost convention as modified by the revaluation of freehold land and buildings and fixed asset investments.

The trustees have assessed whether the use of the going concern assumption is appropriate in preparing these financial statements. The trustees have made this assessment in respect to a period of one year from the date of approval of these financial statements and have reviewed cash flow forecasts and budgets in performing this review.

The Trustees have considered the effect of the Covid-19 outbreak and consider that the outbreak is likely to cause a significant disruption to the Charity's business. However, the Trustees are confident that the Charity can continue as a going concern for a period of at least twelve months from the date of approval of these financial statements. The Trustees have a reasonable expectation that the Charity has adequate resources to continue in operation for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

The trustees of the charity have concluded that there are no material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees are of the opinion that the charity will have sufficient resources to meet its liabilities as they fall due.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

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LONDON ASBESTOS SUPPORT AWARENESS GROUP

Notes to the Financial Statements (continued)

Year ended 31 March 2021

3. Accounting policies (continued)

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.

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:

• income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

• legacy income is recognised when receipt is probable and entitlement is established.

• income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.

• income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

10

LONDON ASBESTOS SUPPORT AWARENESS GROUP

Notes to the Financial Statements (continued)

Year ended 31 March 2021

3. Accounting policies (continued)

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:

• expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.

• expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

• other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

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.

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:

Equipment - 20% reducing balance

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.

11

LONDON ASBESTOS SUPPORT AWARENESS GROUP

Notes to the Financial Statements (continued)

Year ended 31 March 2021

3. Accounting policies (continued)

Impairment of fixed assets (continued)

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.

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.

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LONDON ASBESTOS SUPPORT AWARENESS GROUP

Notes to the Financial Statements (continued)

Year ended 31 March 2021

3. Accounting policies (continued)

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.

4. Donations and legacies

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2021
	£	£	£
Donations
Donations	186,874	–	186,874
Grants
Grants - CJRS	9,157	–	9,157
Grants - National lottery covid response	–	8,946	8,946
	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
	196,031	8,946	204,977
	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2020
	£	£	£
Donations
Donations	181,343	–	181,343
Grants
Grants - CJRS	–	–	–
Grants - National lottery covid response	–	–	–
	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
	181,343	–	181,343
	৶৶৶৶৶৶৶৶৶	৶৶৶৶	৶৶৶৶৶৶৶৶৶

5. Expenditure on charitable activities by fund type

	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2021	Funds	2020
	£	£	£	£
Support costs	158,522	158,522	136,165	136,164
	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶

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LONDON ASBESTOS SUPPORT AWARENESS GROUP

Notes to the Financial Statements (continued)

Year ended 31 March 2021

6. Expenditure on charitable activities by activity type

			Total funds	Total fund
		Support costs	2021	2020
		£	£	£
	Support charitable activity	156,602	156,602	132,998
	Governance costs	1,920	1,920	3,166
		ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
		158,522	158,522	136,164
		৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶
7.	Analysis of support costs
		Analysis of
		support costs
		activity	Total 2021	Total 2020
		£	£	£
	Staff costs	116,553	116,553	107,164
	Premises	939	939	1,397
	Communications and IT	11,213	11,213	2,428
	General office	12,070	12,070	7,587
	Finance costs	660	660	–
	Governance costs	1,920	1,920	3,167
	Support costs - Travel, Professional and Other admin
	expenses	14,882	14,882	14,422
	Support costs - Depreciation	285	285	–
		ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
		158,522	158,522	136,165
		৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶
8.	Net income
	Net income is stated after charging/(crediting):
			2021	2020
			£	£
	Depreciation of tangible fixed assets		285	–
			৶৶৶৶	৶৶৶৶
9.	Independent examination fees
			2021	2020
			£	£
	Fees payable to the independent examiner for:
	Independent examination of the financial statements		1,920	1,750
			৶৶৶৶৶৶৶	৶৶৶৶৶৶৶

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LONDON ASBESTOS SUPPORT AWARENESS GROUP

Notes to the Financial Statements (continued)

Year ended 31 March 2021

10. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as follows:

	2021	2020
	£	£
Wages and salaries	108,894	100,686
Social security costs	5,086	5,557
Employer contributions to pension plans	893	921
Other employee benefits	1,680	–
	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
	116,553	107,164
	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶

The average head count of employees during the year was 5 (2020: 5). The average number of full-time equivalent employees during the year is analysed as follows:

	2021	2020
	No.	No.
Number of staff	5	5
	৶৶৶৶	৶৶৶৶

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

11. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees

12. Tangible fixed assets

			Equipment
			£
	Cost
	At 1 April 2020		–
	Additions		10,614
			ৄৄৄৄৄৄৄৄ
	At 31 March 2021		10,614
			৶৶৶৶৶৶৶৶
	Depreciation
	At 1 April 2020		–
	Charge for the year		285
			ৄৄৄৄৄৄৄৄ
	At 31 March 2021		285
			৶৶৶৶৶৶৶৶
	Carrying amount
	At 31 March 2021		10,329
			৶৶৶৶৶৶৶৶
	At 31 March 2020		–
			৶৶৶৶৶৶৶৶
13.	Debtors
		2021	2020
		£	£
	Other debtors	–	5,250
		৶৶৶৶	৶৶৶৶৶৶৶

15

LONDON ASBESTOS SUPPORT AWARENESS GROUP

Notes to the Financial Statements (continued)

Year ended 31 March 2021

14. Creditors: amounts falling due within one year

	2021	2020
	£	£
Accruals and deferred income	1,920	5,250
Social security and other taxes	1,151	2,819
Other creditors	–	19,645
	ৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
	3,071	27,714
	৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶

15. Pensions and other post retirement benefits

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £893 (2020: £921).

16. Analysis of charitable funds

Unrestricted funds

	At					At
	1 April 2020	Income	Expenditure	Transfers	31 March 2021
	£	£	£	£		£
General funds	73,379	196,031	(158,522)	6,510		117,398
	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶		৶৶৶৶৶৶৶৶৶
	At					At
	1 April 2019	Income	Expenditure	Transfers		31 March 2020
	£	£	£	£		£
General funds	70,201	181,343	(136,165)	(42,000)		73,379
	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶		৶৶৶৶৶৶৶৶
Restricted funds
	At					At
	1 April 2020	Income	Expenditure	Transfers	31 March 2021
	£	£	£	£		£
Restricted Fund 1 - desc
in a/cs	42,000	8,946	–	(6,510)		44,436
	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶	৶৶৶৶	৶৶৶৶৶৶৶		৶৶৶৶৶৶৶৶
	At					At
	1 April 2019	Income	Expenditure	Transfers		31 March 2020
	£	£	£	£		£
Restricted Fund 1 - desc
in a/cs	–	–	–	42,000		42,000
	৶৶৶৶	৶৶৶৶	৶৶৶৶	৶৶৶৶৶৶৶৶		৶৶৶৶৶৶৶৶

16

LONDON ASBESTOS SUPPORT AWARENESS GROUP

Notes to the Financial Statements (continued)

Year ended 31 March 2021

17. Analysis of changes in net debt

					At
	At	1	Apr 2020	Cash flows	31 Mar 2021
			£	£	£
Cash at bank and in hand			137,844	16,732	154,576
			৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶

17