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2021-03-31-accounts
| Reference and administrative details |
1 |
| Trustees’Report |
2-10 |
| Independent Auditors’ Report |
11-14 |
| Statement of Financial Activities |
15-16 |
| Balance Sheet |
17 |
| Cash Flow Statement |
18 |
| Notes to the Accounts |
19-38 |
| Trustees |
|
|
S Azimi (until 06.01.2021) |
|
A Bearn (resigned 20.10.2020) |
|
B Badesha |
|
H Kendall |
|
D Mulling (resigned 12.10.2020) |
|
J Kennedy |
|
WPalmer (resigned 11.11.2020) |
|
N Wayne |
|
P Whittle (resigned 31.07.2020) |
|
J Ipyana (appointed 15.07.2021) |
|
A Quinn (appointed 15.07.2021) |
| Chair |
N Wayne |
| Chief Executive and Company Secretary |
S Johnson |
| Company Number |
02023982 (England & Wales) |
| Charity Number |
0299342 |
| Registered Office |
101E, Universal House |
|
88 - 94 Wentworth Street |
|
London |
|
E1 6LS |
| Website |
www.adviceuk.org.uk |
| Auditors |
Scrutton Bland LLP |
|
Fitzroy House |
|
Crown Street |
|
Ipswich |
|
Suffolk |
|
IP1 3LG |
|
Note |
Unrestricted |
Restricted |
Total |
Restated |
|
|
Funds |
Funds |
Funds |
Total |
|
|
2021 |
2021 |
2021 |
Funds |
|
|
|
|
|
2020 |
|
|
£ |
£ |
£ |
£ |
| INCOME FROM |
|
|
|
|
|
| Donations |
3 |
85,427 |
5,000 |
90,427 |
85,908 |
| Charitable activities |
4 |
2,427,638 |
861,700 |
3,289,338 |
2,312,442 |
| Investments |
5 |
9,146 |
- |
9,146 |
8,231 |
| Share of profits of associate |
|
204,677 |
- |
204,677 |
170,252 |
| Total Income |
|
2,726,888 |
866,700 |
3,593,588 |
2,576,833 |
| EXPENDITURE ON: |
|
|
|
|
|
| Raising Funds |
6 |
17,158 |
|
17,158 |
29,309 |
| Charitable activities |
7 |
2,311,583 |
895,677 |
3,207,260 |
2,303,718 |
| Total Expenditure |
|
2,328,741 |
895,677 |
3,224,418 |
2,333,027 |
| Net gains/(losses) on investments |
13 |
35,796 |
- |
35,796 |
(10,315) |
| Net income/(expenditure) |
|
433,943 |
(28,977) |
404,966 |
233,491 |
| Transfer between funds |
19 |
(10,794) |
10,794 |
- |
- |
| Net movement in funds |
19 |
423,149 |
(18,183) |
404,966 |
233,491 |
| RECONCILIATION OF FUNDS |
|
|
|
|
|
| Fund balances brought forward |
|
1,759,421 |
119,700 |
1,759,121 |
1,525,630 |
| Fund balances carried forward |
|
2,062,570 |
101,517 |
2,164,087 |
1,759,121 |
|
Note |
Restated |
Restricted |
Restated |
|
|
Unrestricted |
Funds |
Total |
|
|
Funds |
2020 |
Funds |
|
|
2020 |
|
2020 |
|
|
£ |
£ |
£ |
| INCOME FROM |
|
|
|
|
| Donations |
3 |
85,908 |
- |
85,908 |
| Charitable activities |
4 |
2,171,042 |
141,400 |
2,312,442 |
| Investments |
5 |
8,231 |
- |
8,231 |
| Share of profits of associate |
|
170,252 |
- |
170,252 |
| Total Income |
|
2,435,433 |
141,400 |
2,576,833 |
| EXPENDITURE ON: |
|
|
|
|
| Raising Funds |
6 |
29,309 |
- |
29,309 |
| Charitable activities |
7 |
2,281,834 |
21,884 |
2,303,718 |
| Total Expenditure |
|
2,311,143 |
21,884 |
2,333,027 |
| Net (losses)/gains on investments |
13 |
(10,315) |
- |
(10,315) |
| Net income |
|
113,975 |
119,516 |
233,491 |
| Transfer between funds |
19 |
(184) |
184 |
- |
| Net movement in funds |
19 |
113,791 |
119,700 |
233,491 |
| RECONCILIATION OF FUNDS |
|
|
|
|
| Fund balances brought forward |
|
1,525,630 |
- |
1,525,630 |
| Fund balances carried forward |
|
1,759,121 |
119,700 |
1,759,121 |
|
Notes |
Group |
Restated |
Charity |
Charity |
|
|
2021 |
Group |
2021 |
2020 |
|
|
|
2020 |
|
|
|
|
£ |
£ |
£ |
£ |
| Fixed assets |
|
|
|
|
|
| Intangible assets |
11 |
65,930 |
70,766 |
65,930 |
70,766 |
| Tangible assets |
12 |
6,622 |
6,258 |
6,622 |
6,258 |
| Investments |
13 |
741,089 |
500,616 |
345,133 |
309,337 |
| Total fixed assets |
|
813,641 |
577,640 |
417,685 |
386,361 |
| Current assets |
|
|
|
|
|
| Debtors |
14 |
651,194 |
451,892 |
886,258 |
717,365 |
| Cash at bank and in hand |
|
1,745,603 |
1,185,747 |
1,303,070 |
760,434 |
| Total current assets |
|
2,396,797 |
1,637,639 |
2,189,328 |
1,477,799 |
| Liabilities: |
|
|
|
|
|
Creditors: amounts falling due
within one year |
15 |
(1,015,639) |
(435,408) |
(1,056,344) |
(502,331) |
| Net current assets |
|
1,381,158 |
1,202,231 |
1,132,984 |
975,468 |
| Total assets less current |
|
2,194,799 |
1,779,871 |
1,550,669 |
1,361,829 |
| liabilities |
|
|
|
|
|
| Provisions for liabilities |
17 |
(30,712) |
(20,750) |
- |
- |
| Total net assets |
|
2,164,087 |
1,759,121 |
1,550,669 |
1,361,829 |
| Funds |
|
|
|
|
|
| Restricted funds |
19 |
101,517 |
119,700 |
101,517 |
119,700 |
| Unrestricted funds |
|
|
|
|
|
| Designated funds |
19 |
744,249 |
430,576 |
348,293 |
323,297 |
| General funds |
19 |
1,318,321 |
1,208,845 |
1,100,859 |
918,832 |
| Total unrestricted funds |
19 |
2,062,570 |
1,639,421 |
1,449,152 |
1,242,129 |
| Total Charity Funds |
20 |
2,164,087 |
1,759,121 |
1,550,669 |
1,361,829 |
|
|
Total |
Total |
|
Note |
2021 |
2020 |
|
|
£ |
£ |
| Cash flows from operating activities: |
|
|
|
| Net cash provided by operating activities |
21 |
569,282 |
14,676 |
| Cash flows from investing activities: |
|
|
|
| Interest received |
|
9,146 |
8,231 |
| Purchase of property, plant and equipment |
|
(5,476) |
(8,686) |
| Purchase of computer software |
|
(13,096) |
(88,458) |
| Change in cash and cash equivalents in the reporting |
|
559,856 |
(74,237) |
| period |
|
|
|
| Cash and cash equivalents at the beginning of the |
|
|
|
| reporting period |
|
1,185,747 |
1,259,984 |
| Cash and cash equivalents at the end of the reporting |
22 |
1,745,603 |
1,185,747 |
| Leasehold buildings |
15% Over the lease term on a straight line basis |
| Computer equipment |
33% to 100% Straight line basis |
| Furniture and equipment |
20% Straight line basis |
|
Unrestricted |
Restricted |
Total |
Total |
|
Funds |
Funds |
Funds |
Funds |
|
2021 |
2021 |
2021 |
2020 |
|
£ |
£ |
£ |
£ |
| Donations |
85,427 |
5,000 |
90,427 |
85,908 |
|
Unrestricted |
Restricted |
Total |
Total |
|
Funds |
Funds |
Funds |
Funds |
|
2021 |
2021 |
2021 |
2020 |
|
£ |
£ |
£ |
£ |
| Member Services |
2,417,763 |
21,700 |
2,439,463 |
2,173,392 |
| Policies and campaigns |
9,210 |
- |
9,210 |
19,224 |
| Projects on behalf of members grant |
- |
140,000 |
140,000 |
- |
| income |
|
|
|
|
| Scotland activities grant income |
- |
700,000 |
700,000 |
119,700 |
| Corporate/other income (Foundation |
665 |
- |
665 |
126 |
| Fund) |
|
|
|
|
|
2,427,638 |
861,700 |
3,289,338 |
2,312,442 |
| NVESTMENT INCOME |
|
|
|
Total |
Total |
|
Funds |
Funds |
|
2021 |
2020 |
|
£ |
£ |
| Bank interest receivable |
9,146 |
8,231 |
|
Unrestricted |
Restricted |
Total |
Total |
|
Funds |
Funds |
Funds |
Funds |
|
|
|
2021 |
2020 |
|
£ |
£ |
£ |
£ |
| Staff costs |
17,003 |
- |
17,003 |
16,704 |
| Other costs |
155 |
- |
155 |
12,605 |
|
17,158 |
- |
17,158 |
29,309 |
| Year to 31 March 2021 |
Project |
Project and |
|
Total |
|
and activity |
activity |
Support |
Funds |
|
staff costs |
othercosts |
costs |
2021 |
|
£ |
£ |
£ |
£ |
| Members Services |
217,714 |
1,682,671 |
234,767 |
2,135,152 |
| Policy and Campaigns |
118,705 |
2,687 |
76,867 |
198,259 |
| Projects on behalf of members |
26,895 |
85,461 |
17,986 |
130,342 |
| Scotland Activities |
42,406 |
668,027 |
33,074 |
743,507 |
|
405,720 |
2,438,846 |
362,694 |
3,207,260 |
| Year to 31 March 2020 |
Project |
Projectand |
|
Total |
|
and activity |
activity |
Support |
Funds |
|
staff costs |
other costs |
costs |
2020 |
|
£ |
£ |
£ |
£ |
| Members Services |
351,560 |
1,534,407 |
251,360 |
2,137,327 |
| Policy and Campaigns |
103,693 |
3,235 |
59,463 |
166,391 |
| Projects on behalf of members |
- |
- |
- |
- |
| Scotland Activities |
- |
. |
. |
_ |
|
455,253 |
1,537,642 |
310,823 |
2,303,718 |
| Yearto 31 March 2021 |
Staff |
Premises |
Governance |
Other |
Total |
|
costs |
|
costs |
|
Funds |
|
|
|
|
|
2021 |
|
£ |
£ |
£ |
£ |
£ |
| Members Services |
90,326 |
46,036 |
23,908 |
74,497 |
234,767 |
| Policy and Campaigns |
48,508 |
24,723 |
- |
3,636 |
76,867 |
| Projects on behalf of members |
11,709 |
5,968 |
- |
309 |
17,986 |
| Scotland Activities |
16,727 |
8,525 |
- |
7,822 |
33,074 |
|
167,270 |
85,252 |
23,908 |
86,264 |
362,694 |
| Yearto 31 March 2020 |
Staff |
Premises |
Governance |
Other |
Total |
|
costs |
|
costs |
|
Funds |
|
|
|
|
|
2020 |
|
£ |
£ |
£ |
£ |
£ |
| Members Services |
99,672 |
59,760 |
22,194 |
69,734 |
251,360 |
| Policy and Campaigns |
33,224 |
19,920 |
- |
6,319 |
59,463 |
| Projects on behalf of members |
- |
- |
- |
- |
- |
| Scotland Activities |
. |
- |
_ |
_ |
. |
|
132,896 |
79,680 |
22,194 |
76,053 |
310,823 |
| This is stated after charging: |
2021 |
2020 |
|
£ |
£ |
| Depreciation of tangible fixed assets: |
|
|
| - owned by the charity |
5,112 |
22,360 |
| Amortisation of intangible assets |
17,932 |
17,692 |
| Auditors’ remuneration |
|
|
| -Audit fees |
12,700 |
13,285 |
| - Accountancy fees |
1,000 |
2,050 |
| - other services |
500 |
825 |
| - Subsidiary auditor’s fees |
7.950 |
5,000 |
| Operating leases: |
|
|
| - land and buildings |
62,445 |
58,405 |
|
**Group and ** |
Charity |
|
2021 |
2020 |
|
£ |
£ |
| Wages and salaries |
455,162 |
495,851 |
| Social security costs |
45,774 |
45,555 |
| Employer's contribution to defined contribution pension scheme |
27,641 |
29,122 |
| Other employee benefits |
61.413 |
34,325 |
|
589,990 |
604,853 |
|
|
2021 |
2020 |
| £60,001 |
-£70,000 |
1 |
1 |
| £80,001 |
-£90,000 |
|
1 |
| £90,001 |
-£100,000 |
1 |
|
|
2021 |
2020 |
| Projects and activities |
10 |
12 |
| Administration |
2 |
2 |
| All employees are employed by the Charity. |
|
|
| ROUP AND CHARITY |
|
|
|
Computer Software |
Total |
|
£ |
£ |
| Cost |
|
|
| At 1 April 2020 |
88,458 |
88,458 |
| Additions |
13,096 |
13,096 |
| At 31 March 2021 |
101,554 |
101,554 |
| Amortisation |
|
|
| At 1 April 2020 |
17,692 |
17,692 |
| Amortisation charge |
17,932 |
17,932 |
| At 31 March 2021 |
35,624 |
35,624 |
| NBV at 31 March 2021 |
65,930 |
65,930 |
| NBVat 31 March 2020 |
70,766 |
70,766 |
| ROUP AND CHARITY |
|
|
|
|
|
Leasehold |
|
|
|
|
Buildings |
Computer |
Furniture & |
|
|
Improvements |
Equipment |
Equipment |
Total |
|
£ |
£ |
£ |
£ |
| Cost |
|
|
|
|
| At 1 April 2020 |
66,773 |
48,710 |
26,117 |
141,600 |
| Additions |
- |
5,476 |
- |
5,476 |
| Disposals |
- |
(940) |
- |
(940)- |
| At 31 March 2021 |
66,773 |
53,246 |
26,117 |
146.136 |
| Depreciation |
|
|
|
|
| At 1 April 2020 |
66,773 |
42,605 |
25,964 |
135,342 |
| Charge for the Year |
- |
5,035 |
77 |
5,112 |
| Disposals |
- |
(940) |
- |
(940)- |
| At 31 March 2021 |
66,773 |
46,700 |
26,041 |
139,514 |
| NBV at 31 March 2021 |
|
6,546 |
76 |
6,622 |
| NBV at 31 March 2020 |
- |
6,105 |
153 |
6,258 |
|
Subsidiaries |
Associates |
Other |
Listed |
Total |
|
|
|
|
Investment |
|
|
£ |
£ |
£ |
£ |
£ |
| At 1 April 2020 |
101,000 |
40 |
4,184 |
204,113 |
309,337 |
| Net gains/(losses) |
- |
- |
(4,184) |
39,980 |
35,796 |
| At 31 March 2021 |
101,000 |
40 |
- |
244,093 |
345,133 |
|
|
|
Proportion of |
|
|
|
Ordinary Shares |
|
Country of
Incorporation |
Activity |
Held and
voting rights |
| Independent Advice Services Limited |
UK |
Non-trading |
|
| (Company number: 03583609) |
|
|
100% |
| VCS Insurance Company Limited* |
Guernsey |
Insurance |
100% |
| (Registered number: GG44303) |
|
|
|
|
|
|
Listed |
|
|
Associates |
Other |
Investment |
Total |
|
£ |
£ |
£ |
£ |
| At 1 April 2020 |
292,319 |
4,184 |
204,113 |
500,616 |
| Change in fairvalue |
- |
(4,184) |
39,980 |
35,796 |
| Share ofprofit of associate |
|
|
|
|
| - Operating profit |
359,819 |
|
|
359,819 |
| - Taxation |
(50,142) |
- |
- |
(50,142) |
| - Dividend |
(105,000) |
■ |
- |
(105,000) |
| At 31 March 2021 |
496,996 |
- |
244,093 |
741,089 |
|
**Income ** |
Expenditure |
Surplus/(Deficit) |
Net assets/ |
|
|
|
for the period |
(liabilities) |
|
£ |
£ |
£ |
£ |
| Independent Advice Services Limited |
1,750 |
4,852 |
(3,102) |
(60,095) |
| VCS Insurance Company Limited |
291,009 |
279,560 |
11,449 |
216,983 |
|
2021 |
2020 |
|
£ |
£ |
| Total income |
3,215,441 |
2,264,196 |
| Total expenditure |
(3,062,397) |
(2,187,225) |
|
153,044 |
76,971 |
| Net gain/(loss) on investment |
35,796 |
(10,315) |
| Net income/(expenditure) |
188,840 |
66,656 |
| Fund balances brought forward at 1 April 2020 |
1,361,829 |
1,295,173 |
| Fund balances carried forward at 31 March 2021 |
1,550,669 |
1,361,829 |
|
|
Group |
|
|
Charity |
|
|
2021 |
|
2020 |
2021 |
|
2020 |
|
£ |
|
£ |
£ |
|
£ |
| Trade debtors |
454,145 |
|
292,070 |
443,175 |
|
274,274 |
| Otherdebtors |
43,563 |
|
24,236 |
24,253 |
|
18,970 |
| Prepayments and accrued income |
61,086 |
|
56,192 |
61,086 |
|
56,192 |
| Amounts owed by subsidiary |
- |
|
- |
265,344 |
|
288,535 |
| undertakings |
|
|
|
|
|
|
| Amount owed by participating |
92,400 |
|
79,394 |
92,400 |
|
79,394 |
| interest |
|
|
|
|
|
|
|
651,194 |
|
451,892 |
886,258 |
|
717,365 |
|
|
Group |
|
|
Charity |
|
2021 |
|
2020 |
2021 |
2020 |
|
£ |
|
£ |
£ |
£ |
| Trade creditors |
14,258 |
|
17,408 |
14,258 |
17,427 |
| Deferred income |
458,785 |
|
154,207 |
458,785 |
154,207 |
| Other creditors |
147,215 |
|
50,060 |
80,754 |
7,613 |
| Accruals |
44,150 |
|
31,783 |
44,150 |
31,783 |
| Other taxation and social security |
57,007 |
|
13,411 |
57,007 |
10,618 |
| Amounts owed to subsidiary |
- |
|
- |
107,166 |
112,324 |
| Undertakings |
|
|
|
|
|
| Amount owed to participating |
294,224 |
|
168,539 |
294,224 |
168,359 |
| interest |
|
|
|
|
|
|
1,015,639 |
|
435,408 |
1,056,344 |
502,4331 |
|
2021 |
2020 |
|
£ |
£ |
| At 1 April 2020 |
154,207 |
262.736 |
| Income deferred in the current year |
458,785 |
154,207 |
| Amounts released from previous years |
(154,207) |
(262,736) |
| At 31 March 2021 |
458,785 |
154,207 |
|
|
2021 |
2020 |
| Technical reserves |
|
£ |
£ |
| Outstanding claims reserve at |
1April 2020 |
20,750 |
27,531 |
| Movement in prior years’ claim |
provisions |
(20,750) |
(27,531) |
| Provisions for new claims |
|
13,000 |
8,000 |
| Outstanding claims reserve at |
31March2021 |
13,000 |
8,000 |
| IBNER reserve |
|
17,712 |
12,750 |
|
|
30,712 |
20,750 |
|
2017 |
2018 |
2019 |
2020 |
2021 |
Cumulative |
| In year of claim (or |
|
|
|
|
|
|
| brought forward) |
47,344 |
48,905 |
28,160 |
24,930 |
14,946 |
339,890 |
| One year later |
(24,591) |
(43,915) |
1,061 |
202 |
|
(110,527) |
| Two years later |
(2,798) |
(2,301) |
3,487 |
|
|
(67,101) |
| Three years later |
(2,919) |
(2,355) |
|
|
|
(63,439) |
| Current estimate of |
|
|
|
|
|
|
| ultimate claims |
17,036 |
344 |
32,708 |
25,132 |
14,946 |
98,823 |
| Cumulative payments |
(17,036) |
(334) |
(25,820) |
(15,292) |
(962) |
(68,111) |
| In balance sheet |
0 |
0 |
6,888 |
9,840 |
13,984 |
30,712 |
|
Restated
Opening |
Income |
Expenditure |
Gains, losses
and transfers |
Closing
Balance |
|
Balance |
|
|
|
|
|
£ |
£ |
£ |
£ |
£ |
| RESTRICTED FUNDS |
|
|
|
|
|
| Members Services |
. |
21,700 |
(21,827) |
127 |
|
| Projects on behalf of |
- |
145,000 |
(130,342) |
- |
14,658 |
| members |
|
|
|
|
|
| Scotland activities |
119,700 |
700,000 |
(743,508) |
10,667 |
86,859 |
| Total Restricted funds |
119,700 |
866,700 |
(895,677) |
10,794 |
101,517 |
| UNRESTRICTED FUNDS |
|
|
|
|
|
| General Fund |
1,124,845 |
2,726,569 |
(2,328.741) |
(204,352) |
1,318,321 |
| Designated funds |
|
|
|
|
|
| Premises fund |
33,334 |
|
|
33,333 |
66,667 |
| Foundation fund |
107,715 |
319 |
- |
- |
108,034 |
| Fixed asset fund |
373,527 |
- |
- |
196,021 |
569,548 |
| Total Unrestricted funds |
1,639,421 |
2,726,888 |
(2,326,991) |
25,002 |
2,062,570 |
| TOTAL FUNDS |
1,759,121 |
3,593,588 |
(3,224,418) |
35,796 |
2,164,087 |
| STATEMENT OF FUNDS - CHARITY |
|
|
|
|
|
|
Opening
Balance |
Income |
Expenditure |
Gains, losses
and transfers |
Closing
Balance |
|
£ |
£ |
£ |
£ |
£ |
| RESTRICTED FUNDS |
|
|
|
|
|
| Members Services |
|
21,700 |
(21,827) |
127 |
|
| Projects on behalf of |
- |
145,000 |
(130,342) |
- |
14.658 |
| members |
|
|
|
|
|
| Scotland activities |
119,700 |
700,000 |
(743,508) |
10,667 |
86,859 |
| Total Restricted funds |
119,700 |
866,700 |
(895,677) |
10,794 |
101,517 |
| UNRESTRICTED FUNDS |
|
|
|
|
|
| General Fund |
918,832 |
2,348.422 |
(2,166,720) |
325 |
1,100,859 |
| Designated funds |
|
|
|
|
|
| Premises fund |
33,334 |
|
|
33,333 |
66,667 |
| Foundation fund |
107,715 |
319 |
- |
- |
108,034 |
| Fixed asset fund |
182,248 |
- |
- |
(8,656) |
173,592 |
| Total Unrestricted funds |
1,242,129 |
2,348,741 |
(2,166,720) |
25,002 |
1,449,152 |
| TOTAL FUNDS |
1,361,829 |
3,215,441 |
(3,062,397) |
35,796 |
1,550,669 |
|
|
|
Total |
|
Unrestricted |
Restricted |
Funds |
|
Funds |
Funds |
2021 |
|
£ |
£ |
£ |
| Fixed assets |
813,641 |
- |
813,641 |
| Current assets |
2,295,280 |
101,517 |
2,396,797 |
| Current liabilities |
(1,015,639) |
- |
(1,015,639) |
| Provision for liabilities |
(30,712) |
- |
(30,712) |
|
1,986,970 |
101,517 |
2,164,087 |
|
|
|
Total |
|
Unrestricted |
Restricted |
Funds |
|
Funds |
Funds |
2021 |
|
£ |
£ |
£ |
| Fixed assets |
417,685 |
- |
417,685 |
| Current assets |
2,087,811 |
101,517 |
2,189,328 |
| Current liabilities |
(1,056,344) |
- |
(1,056,344) |
|
1,449,152 |
101,517 |
1,550,669 |
| 21. |
RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING |
|
ACTIVITIES |
| Net income/(expenditure) for the reporting |
|
|
| period |
404,966 |
233,491 |
| Adjustments for: |
|
|
| Depreciation charges |
5,112 |
22,360 |
| Amortisation charges |
17,932 |
17,692 |
| Loss/(Gain) on investments |
(35,796) |
10,315 |
| Share of profits ofassociated undertaking |
(204,677) |
(170,252) |
| Interest from investments |
(9,146) |
(8,231) |
| Decrease/(lncrease) in debtors |
(199,302) |
50,593 |
| (Decrease)/lncrease in creditors |
580,231 |
(134,511) |
| (Decrease)/lncrease in provision |
9,962 |
(6,781) |
| Net cash provided by operating activities |
569,282 |
14,676 |
|
2021 |
2020 |
|
£ |
£ |
| Cash in hand |
1,745,603 |
1,185,747 |
| Total cash and cash equivalents |
1,745,603 |
1,185,747 |
| ANALYSIS OF NET DEBT |
|
|
|
At 1 April |
**Cash flows ** |
At 31 March |
|
2020 |
|
2021 |
|
£ |
£ |
£ |
| Cash in hand |
1,185,747 |
559,856 |
1,745,603 |
|
1,185,747 |
559,856 |
1,745,603 |
|
2021 |
2020 |
|
£ |
£ |
| Amounts due within one year |
66,065 |
62,445 |
| Amounts due between 1 and 5 years |
69,685 |
135,750 |
| Total |
135,750 |
198,195 |