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|||Page|
|---|---|---|
|Directors' and Trustees'|Report|2 —6|
|Auditor's
Report||7 —9|
|Statement ofFinancial Activities||10|
|Balance Sheet|||
|Statement ofcash flows||12|
|Notes to the Accounts||13—24|
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||||||||Unrestricted|Restricted|||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||Notes|Funds|Funds|2021|2020|
|||||||||F|6|8|
|Income|||||||||||
|Grants, donations
and legacies||||||||223,929|223,929|222,938|
|Income from|charitable||activities:||||||||
|Donations|||||||12,840||12,840|13,041|
|Grants and contracts||||||3|171,812|582,552|754,364|501,774|
|Investment
income:|||||||||||
|Bank interest|||||||1,042||1,042|1,441|
|Total income|||||||185,694|896481|992 175|739 194|
|Expenditure|||||||||||
|Expenditure|on charitable|||activities|||||||
|Others||||||5,14|148,536|715,932|864,467|673,447|
|Total expenditure|||||||148536|715 932|864,467|673447|
|Net income|I(expenditure)||||and net||||||
|movements|in funds for|||the year before|||||||
|transfers|||||||37,158|90,550|127,707|65,747|
|Transfer between
funds||||||14|||||
|Net movements
of||funds|||||37,158|90,550|127,707|65,747|
|Reconciliation
offunds:|||||||||||
|Total funds,|brought|forward|||||672,728|262,011|934,739|868,992|
|Total funds,|carried|forward|||||709,886|352,561|1,062,446|934,739|
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||||||2021f|2020f|
|---|---|---|---|---|---|---|
|Net cash (used
in)/generated||from operating||activities|255 275'|~117411|
|Cash flows from investing|activities||||||
|Purchase oftangible
fixed assets|||||||
|Interest received|||||1,042|1,441|
|Interest paid||||||(95)|
|Cash (used in) / generated|by|investing|activities||1,042|1,346|
|Repayment
of bank loans||||||(8,146)|
|Cash (used in) / generated|in|financing|activities|||8,146|
|Change
in cash &cash equivalents
in the|||year||206,314|~724 211|
|Cash &cash equivalents
at|the|beginning|ofthe|year|574,145|698,356|
|Total cash &cash equivalents||at the end ofthe year|||780,459|574,145|
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|ANALYSIS OF EXPENDI|T|U|R|E|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||Debt||||||
|||||||||||Counselling|||||||
|||||||||||and othersf|||2021
F|||2020f|
|Staff costs|||||||||||635,510||635,510||475,450||
|Staff and volunteer
training|||and||expenses||||||8,204||8,204|||20,093|
|Communications|||||||||||35,521||35,521|||11,305|
|Equipment
rental|||||||||||3,999||3,999|||2,322|
|Subscriptions
and Insurance|||||||||||11,094||11,094|||10,982|
|Computer
and websites|||||||||||10,800||10,800|||10,980|
|Depreciation|||||||||||9,130||9,130|||10,619|
|Loss on fraudulent
activity||recovered||||plus interest|||||(34,542)||(34,542)||||
|Loss due to fraudulent
activity||||on charity's
bank
account||||||||||||30,995|
|Support costs (Note 6)|||||||||||176,951||176,951|||88,314|
|Governance
costs (Note|6)||||||||||7,800||7,800|||12,387|
||||||||||||864,467||864,467||673,447||
|Of the 6864,467 expenditure
in 2021 (2020 - 6673,447), f148,536
6236,579)and f715,932to restricted
funds (2020 - 6436,868).|||||||||||was charged||to general|funds||(2020|
|SUPPORT COSTS|||||||||||||||||
|The charity
initially
identifies||||the costs of its support|||functions.||It then||identifies|those costs which|||relate to the||
|governance
function.
Governance
costs and other|||||||support costs|||are apportioned||separately
between||||charity's|
|key
activity
undertaken|(see|||note 5) in the year.|||All|the general||support
and||governance
costs|||have
been||
|apportioned
to the various||charitable||||activities on the basis ofstaff||||time|allocated|to|each activity.||||
||||||||General|||Governance|||||||
||||||||Support
E||||Function||2021|||2020
f|
|Office expenses
and supplies||||||||8,796|||||8,796|||9,860|
|Marketing||||||||10,784|||||10,784|||10,037|
|Premises
and equipment||costs||||||98,697|||||98,697|||41,163|
|Computer consumables||||||||7,577|||||7,577|||9,878|
|Fundraising||||||||39,827|||||39,827|||2,400|
|Legal and professional
costs||||||||575|||||575|||1,827|
|Subscriptions
and Insurance||||||||||||||||1,559|
|Bookkeeping||||||||3,265|||||3,265|||5,885|
|Bank charges||||||||216|||||216|||225|
|Loan interests||||||||||||||||95|
|Sundry||||||||7,215|||||7,215|||5,385|
|Audit fees|||||||||||7,800||7,800|||9,050|
|Management
committee's|||expenses|||||||||||||927|
|Consultancy||||||||||||||||2,410|
||||||||176,951||||7,800||184,751|||100,701|
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|NET INCOME
/ (EXPENDITURE) FOR THE YEAR|||
|---|---|---|
|This is stated after charging:|2021f|2020|
|Depreciation
oftangible
fixed assets|9,130|10,619|
|Auditors'
remuneration
—current year audit|7,800|7,200|
|Auditors'
remuneration
—previous year audit||1.850|
|||2021f|2020
f.|
|---|---|---|---|
|Salaries||563,480|417,241|
|National|Insurance|55,499|41,533|
|Pension|contribution|16,172|12,490|
|||635151|471,264|
##
|age number of full- time equivalent
emplo|yees
(including
casual and part-time
staf|f) was as fol|
|---|---|---|
||2021|2020|
|Advice|17|12|
|Administration|2|2|
||19|14|
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|10.|TANGIBLE FI|XEDASS|ETS|||||
|---|---|---|---|---|---|---|---|
|||||Leasehold||||
|||||land and|Plant and|Fixtures||
|||||buildings
F|equipmentf|and fittingsf|Totalf|
||COST|||||||
||As at 1st April|2020||486,757|42,427|61,796|590,980|
||Disposals|||||||
||As at 31st March 2021|||486,757|42,427|61,796|590,980|
||DEPRECIATION|||||||
||As at 1st April|2020||144,409|42,427|61,796|248,632|
||Charge for the|year||9,130|||9,130|
||Disposals|||||||
||As at 31st March 2021|||153533|42,427|61,796|457 78L|
||NET BOOK VALUES|||||||
||As at 31st March 2021|||333218|||333218|
||As at 31st March 2020|||342 348|||342 3411|
|11.|DEBTORS|||||||
|||||||2021f|2020f|
||Trade debtors|||||61,938|102,445|
||Other debtors|||||53|9|
||Prepayments|and accrued income||||34,309|8,790|
|||||||96300|111244|
|12.|CREDITORS:|amounts|falling due|within one year||||
|||||||2021f|2020f|
||Other taxation|and social security||||31,068|19,776|
||Trade creditors|||||28,849|13,421|
||Other creditors|||||85,170|57,356|
||Accruals and|deferred|income|||2,444|2,445|
|||||||147531|92998|
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|||||2021|2020|
|---|---|---|---|---|---|
||||||f.|
|Balance|as at 1st|April|||144,111|
|Amount|released|to income|in the year||(144,111)|
|Amount|deferred|in the year||||
|Balance|as at 31st March|||||
##
|MOVEMENT
IN FUNDS||||||||
|---|---|---|---|---|---|---|---|
||||Balance as||||Balance as|
||||at 01.04.20f|Incomef|Expenditure
F|Transfersf|at 31.03.21f|
|RESTRICTED FUNDS:||||||||
|Redundancy|||857||||857|
|Debt Couselling|||255,420|532,272|(531,659)||256,033|
|City Bridge Money project|||5,734||(4,917)||817|
|Trust for London||||87,500|(87,500)||(0)|
|Covid-19 related grants||||||||
|Toynbee
Hall||||44,232|(2,632)||41,600|
|Access to Justice||||45,400|(31,424)||13,976|
|Kensington+Chelsea|Foundation|||28,045|(10,308)||17,737|
|City of London||||14,372|(2,565)||11,807|
|National
Lottery||||48,660|(38,927)||9,733|
|CAF Coronavirus
Emergency||Fund||6,000|(6,000)|||
||||262,611|I!06461|~715,932||352 561|
|DESIGNATED FUNDS:||||||||
|Staff contingency
fund|||120,000|||65,000|185,000|
|Building maintenance|||30,000|||55,000|85,000|
|Furniture
and equipment|||12,000||||12,000|
|Computer
development|||20,000||||20,000|
|New office fund||||||45,000|45,000|
||||182,000|||165,000|347,000|
|GENERAL FUNDS:|||490,728|185,694|(148,536)|(165,000)|362,886|
|Total unrestricted
funds|||672,728|185,694|(148,536)||709,886|
|Total funds|||934,739|992,175|(864,467)||1,062,446|
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|Movement
in funds —previous|year||||||
|---|---|---|---|---|---|---|
|||Balance||||Balance|
|||as 01.04.19f|Incomef|Expendituref|Transfers|as 31.03.20f|
|RESTRICTED FUNDS:|||||||
|Redundancy||857||||857|
|Debt Couselling||154,899|491,499|(390,978)||255,420|
|City Bridge Money project||2,418|20,667|(17,351)||5,734|
|Garfield Weston||10,000||(10,000)|||
|Trust for London|||35,000|(35,000)|||
|||168,174|547,1I!6|~453 329||262,011|
|DESIGNATED FUNDS:|||||||
|Staff contingency
fund||120,000||||120,000|
|Building maintenance||30,000||||30,000|
|Furniture
and equipment||12,000||||12,000|
|Computer
development||20,000||||20,000|
|||182,000||||182,000|
|GENERAL FUNDS:||518,818|192,028|(220,118)||490,728|
|Total unrestricted
funds||700 8111|192 028|7220,1187||672 728|
|Total funds||868,992|739,194|(673,447)||934,739|
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|ANALYS|IS OF NET ASSETS BETWEEN F|UNDS|||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|||E|6|E|
|Tangible|fixed assets|333,218||333,218|
|Net current assets I (liabilities)||376,667|352,561|729,228|
|||709,885|352,561|1,062,446|
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|Analysis
offund balances|Analysis
offund balances|Analysis
offund balances|between|between|net assets|net assets|—previous|—previous|year||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||Unrestricted|||Restricted|Total|
|||||||||||6|E||
|Tangible
fixed assets|||||||||342,348|||342,348|
|Net current assets
/ (liabilities)|||||||||330,380||262,011|592,391|
||||||||||672,728||262,011|934739|
|RECONCILIATION
OF||NET||MOVEMENTS|||IN|FUNDS|TO|NET|CASHFLOW
FROM|OPERATING|
|ACTIVITIES|||||||||||||
||||||||||||2021f|2020f|
|Net movement
in funds|||||||||||127,707|65,747|
|Investment
income|||||||||||(1,042)|(1,441)|
|Finance cost||||||||||||95|
|Add back depreciation|||||||||||9,130|10,619|
|Decrease
/ (Increase)|in|debtors|||||||||14,944|11,969|
|Increase
/ (Decrease)|in|creditors|||||||||54,533|(204,400)|
|Net cash generated
/ used|||in operating|||activities|||||205,273|117,411|
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