2021-03-31-accounts - Talking Money

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	Contents
	Reference and Administrative Details.
—	Trustees' Report (including Directors' Report and Strategic Report) ..
	Statement ofTrustees' responsibilities.
	Independent Auditors' Report to the Members ofTalking Money.
	Statement of Financial Activities for the Year Ended 31March 2021	. .15
	Balance Sheet as at 31March 2021	...16
	Statement ofCash Flows for the Year Ended 31March 2021	...17
	Notes to the Financial Statements for the Year Ended 31March 2021.	..18

			Unrestricted	Restricted	Total	Total
			funds	funds	2021	2020
		Note	E	f	f	f
Income and Endowments	from:
Donations and legacies			6,110	6,818	12,928	5,421
Charitable activities				897,583	897,583	631,331
Other charitable income			17,221	55,440	72,661	31,142
Investment income			108		108	2,277
Other income			8,431		8,431	12,660
Total income			31,870	959,841	991,711	682,831
Expenditure on:
Charitable activities			(52,462)	(942,074)	(994,536)	(786,781)
Total expenditure			(52,462)	(942,074)	(994,536)	(786,781)
Net income/(expenditure)			(20,592)	17,767	(2,825)	(103,950)
Transfers between funds			54,451	(54,451)
Net movement in funds			33,859	(36,684)	(2,825)	(103,950)
Reconciliation offunds
Total funds brought forward			298,360	38,516	336,876	440,826
Total funds carried forward		18	332,219	1,832	334,051	336,876

					2021	2020
Fixed assets				Note	f	f
Tangible assets					310,355	303,227
Current assets:
Debtors				12	113,773	78,618
Cash at bank	and	in	hand		340,543	155,809
					454,316	234,427
Creditors: Amounts		falling due within one year		13	(293,285)	(143,526)
Net current assets					161,031	90,901
Total assets less	current		liabilities		471,3,86	394,128
Creditors: Amounts		falling due after more than one year		14	(137,335)	(57,252)
Net assets					334,051	336,876
Funds ofthe Charity:
Restricted income		funds		20	1,832	38,516
Unrestricted	income		funds	18	332,219	298,360
Total funds					334,051	336,876

		2021	2020
	Note	f	f
Cash flows from operating activities
Net income		(2,825)	(103,950)
Adjustments to cash flows from non-cash items:
Depreciation		2,376	3 222
Investment income		(108)	(2,277)
Interest paid		6,380	3,918
		5,823	(99,087)
Working capital adjustments
(Increase)/decrease in debtors	12	(35,155)	33,234
(Decrease)/increase in creditors	13	143,751	46,328
Net cash flows from operating activities		114,419	(19,525)
Cash flows from investing activities:
Interest receivable and similar income		. 108	2,277
Purchase ofproperty, plant &equipment		(9,504)
Net cash flows from investing activities:		(9,396)	2,277
Cash flows from financing activities
Interest paid		(6,380)	(3,918)
Cash flows from new loans or borrowing	14	150,000
Repayments ofloans or borrowing		(63,909)	(6,608)
Net cash flows from investing activities		79,711	(10,526)
Net (decrease)/increase in cash and cash equivalents		184,734	(27,774)
Cash and cash equivalents at1April		155,809	183,583
Cash and cash equivalents at31March		340,543	155,809

. Income	from donations	and legacies
			Unrestricted	Restricted	Total	Total
			funds	funds	2021	2020
Donations	from individuals	and businesses	5,415		5,415	4,422
Gift aid			695		695	999
Client fund	donations			6,818	6,818
			6,110	6,818	12,928	5,421

				Unrestricted	Restricted	Total	Total
				funds	funds	2021	2020
Aviva Foundation					43,657	43,657
BCCHomelessness	Trailblazer						4,445
BCCwinter grant fund					11,600	11,600
National Lottery					9,996	9,996
Boost Breakthrough					7,603	7,603
Boost Finance					9,600	9,600	9,600
Bristol City Council					35,025	35,025	40,091
Bristol Fuel Poverty	Partnership				11,748	11,748	11333
Bristol Warm Homes Fund					5,067	5,067
Bristol Wessex Water					30,000	30,000	29,060
Caring In Bristol							2,000
Crisis					5,000	5,000
Henry Smith Charity					47,000	47,000	43,500
Irwin Mitchell referrals					150	150	150
Medlock Charitable	Trust				10,000	10,000	10,000
Merchant Venturers					3333,	3,333	1,667
Money and Pensions Service					577,017	577,017	394,518
Nationwide					21,734	21,734
Needham Cooper Charitable			Fund		5,000	5,000
Nisbet Trust							15,000
Quartet					5,000	5,000	5,191
Royal London							5,000
Schroder Charity Trust					4,000	4,000
Second Step-Hope Project					22,955	22,955	11,478
Singer Trust							8,000
South Gloucestershire		Council			29„098	29,098	29,098
The Van Neste Foundation							11,000
Tidmarsh Fund							200
WPD Coronavirus Emergency			Fund		3,000	3,000
					897,583	897,583	631,331

.Other charitable income
	Unrestricted	Restricted	Total	Total
	funds	funds	2021	2020
Clothworkers		14,490	14,490
Henry Smith Charity		40,950	40,950
John James Foundation	15,000		15,000	23,000
Training services				5,921
Advice Pro usage	2,221		2,221	2,221
	17,221	55,440	i 72,661	31,142

			Total	Total
			2021	2020
			f	f
HMRC	Job Retention Scheme		5,262
Other	incoming	resources	3,169	12,660
			8,431	12,660

Support c	o	sts
			Total	Total
			2021	2020
			f	f
Telephone		and fax	7,386	6,492
Office expenses			13,670	11,540
Premises	expenses		21,223	13,464
			42,279	31,496
Governance		costs
			Total	Total
			2021	2020
			f	f
Auditor's	remuneration
Audit ofthe financial statements			6,599	5,000

Net incoming	resources for the	resources for the	year include:	2021	2020
				f
Audit fees				6,599	5,000
Depreciation	of	fixed assets		2,376	3,322
Rentals payable		under operating	leases	2,986	4,114

The aggregate payroll costs were as follows:	2021	2020
	f	f
Staff costs during the year were:
Wages and salaries	576,449	560,949
Social security costs	47,857	42,751
Pension costs	23,979	22,752
Other staff costs	8,586	20,083
	656,871	646,535

he year	express	ed as full-time equivalents	was as follows:
			2021	2020
			No.	No.
Average	number	ofemployees	25

1.Tangible fixed	assets
			Freehold	land	Fixtures,	fittings
			and buildings		and equipment				Total
				f		f			f
Cost
At 1April 2020			303,227			31,608			334,835
Additions in year						9,504			9,504
At 31March 2021			303,227			41,112			344,339
Depreciation
At 1April 2020						31,608			31,608
Charge for the year						2,376			2,376
At 31March 2021						33,984			33,984
Net book value
At 31March 2021			303,227			7,128			310,355
At 31March 2020			303,227						303,227
2.Debtors
					2021		2020
							f
Trade debtors					38,391		28,661
Prepayments and accrued income					75,382		13,089
Other debtors					0		36,868
					113,773		78,618
3.Creditors: amounts falling due within			one year
					2021		2020
Bank loans					12,665		6,657
Trade creditors					84,787		31,187
Accruals					7,393
Other taxation and	social security				16,105		10,986
Other creditors					98,671		42,309
Deferred income					73,664		52,387
					293,285		143,526
					2021		2020
					f		f	i
Deferred income at 1April					52,387		15,000
Resources deferred	in the period				73,664		52,387
Amounts released from previous		periods			(52,387)		(15,000)
Deferred income at 31March					73,664		52,387

4. C	redit	ors: amounts falling due	after one year
			2021	2020
City	Funds	Loan	137,335
Bank	Loan			57,252
			137,335	57,252

					2021	2020
					f	f
Carrying amount	of	financial	assets
Debt instrument	measured at		amortised	cost	378,552	221,338
Carrying amount	of	financial	liabilities
Liabilities measured		at amortised cost			306,006	148,391

	2021	2020
Other
Within one year	2,708	3,221
Between one and five years	1,354	5,871
	4,062	9,092

8. Funds
		Balance at 01Apr 20	Incoming resources	Resources expended	Transfers	Balance at 31Mar 21
		f	f.	f	f	f
Unrestricted	general funds	298,360	31,870	(52,462)	54,451	332,219
Restricted funds		38,516	959,841	(942,074)	(54,451)	1,832
Total funds		336,876	991,711	(994,536)		334,051
		Balance at	Incoming	Resources		Balance at
		01Apr 19	resources	expended	Transfers	31Mar 20
		f		f
Unrestricted	general funds	363,794	51,500	(155,450)	38,516	298,360
Restricted funds		77,032	631,331	(631,331)	i' (38,516)	38,516
Total funds		440,826	682,831	(786,781)		336,876

9.Analy	sis ofnet assets between	funds
		Unrestricted	Restricted	Total funds
		general funds	funds	31Mar 2021
		f		f
Tangible	fixed assets	310,355		310,355
Current	assets	452,484	1,832	454,316
Current	liabilities	(293,285)		(293,285)
Long term liabilities		(137,335)		(137,335)
Total net assets		332,219	1,832	334,051

		Unrestricted	Restricted	Total funds
		general funds	funds	31Mar 2020
Tangible	fixed assets	303,227		303,227
Current	assets	222,273		222,273
Current	liabilities	(169,888)	38,516	(131,372)
Long term liabilities		(57,252)		(57,252)
Total net assets		298,360	38,516	336,876

			Balance at 01Apr 20	Incoming resources	Resources expended	Transfers	Balance at 31Mar 21
					f
Aviva Foundation				43,657	(43,657)
BCC Homelessness Trailblazer
BCCWinter Grant Fund				11,600	(11,600)
National Lottery				9,996	(9,996)
Boost Breakthrough				7,603	(7,603)
Boost Finance				9,600	(9,690)
Bristol City Council				35,025	(35,025)
Bristol Fuel Poverty	Partnership			11,748	(11,748)
Bristol Warm Homes Fund				5,067	(5,067)
Bristol Wessex Water				30,000	(30,000)
Caring In Bristol
Client fund donations				11,818	(9,986)		1,832
Clothworkers				14,490	(7,679)	(6,811)
Crisis				5,000	(5,000)
Henry Smith Charity				87,950	(82,444)	(5,506)
Irwin Mitchell referrals				150	(150)
Medlock Charitable	Trust			10,000	(10,000)
Merchant Venturers				3,333	(3,333)
Money and Pensions	Service			577,017	(573,399)	(3,618)
Nationwide				21,734	(21,734)
Nisbet Trust
Quartet				5,000	(5,000)
Royal London
Schroder Charity Trust				4,000	(4,000)
Second Step-Hope Project				22,955	(22,955)
Singer Trust
Solon Housing Association			38,516			(38,516)
South Gloucestershire	Council			29,098	(29,098)
The Van Neste Foundation
Tidmarsh Fund
WPD Coronavirus Emergency		Fund		3,000	(3,000)
			38,516	959,841	(942,074)	(54,451)	1,832

otes to the Financial Statements for t	he Year Ended 31March	2021 (continue	d)
				Talking Money
	Balance at		Other non-	Balance at
	01Apr20	Cashflows	cashchanges	31Mar21
	f	f	f	f
Cash and cash equivalents
Cash at bank and in hand	155,809	184,734		340,543
	155,809	184,734		340,543
Borrowings
Debt due within one year	(6,657)	(86,091)	80,083	(12,665)
Debt due after one year	(57,252)		(80,083)	(137,335)
	(63,909)	(86,091)		(150,000)
	91,900	98,643		190,543