||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|
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||||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|
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|. 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|
##
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|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|
##
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|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|
##
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|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||
##
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|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|||
##
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|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|
##
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||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|
##
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|||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|
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|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|
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