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BRIXTON ADVICE CENTRE |
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2020 |
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REGISTERED COMPANY NUMBER:
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REGISTERED CHARITY NUMBER:
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BRIXTON ADVICE CENTRE |
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2020 |
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BRIXTON ADVICE CENTRE |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 31 March 2020 |
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Reference and administrative details | 1 |
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Report of the trustees | 2 | to | 5 |
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Report of the independent auditors | 6 | to | 7 |
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Statement of financial activities | 8 |
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Balance sheet | 9 |
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Notes to the financial statements | 10 | to | 15 |
BRIXTON ADVICE CENTRE |
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REFERENCE AND ADMINISTRATIVE DETAILS |
for the year ended 31 March 2020 |
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TRUSTEES |
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COMPANY SECRETARY | G R Beaton |
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REGISTERED OFFICE |
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REGISTERED COMPANY NUMBER |
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REGISTERED CHARITY NUMBER |
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AUDITORS |
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Lygon House |
50 London Road |
Bromley |
Kent |
BR1 3RA |
BRIXTON ADVICE CENTRE (REGISTERED NUMBER: 01893924) |
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REPORT OF THE TRUSTEES |
for the year ended 31 March 2020 |
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The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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) (effective 1 January 2019). |
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OBJECTIVES AND ACTIVITIES |
Objectives and aims |
The principal objectives of the Brixton Advice Centre (the Centre) are to promote access to justice by providing good quality legal advice, assistance and representation to people who would otherwise be unable to afford legal services. |
The full statement on the Centre's Vision, Mission and Values is publicly available on its website: https://brixtonadvice.org.uk/serving-the-community-since-1966/ |
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The Centre continues to improve and wherever possible to expand and diversify the services it provides. A drop-in session operates Monday to Thursday 10am - 3pm and a pro bono legal advice clinic takes place on alternate Thursday evenings staffed by local solicitors and barristers alongside Centre staff. People are also seen by prior appointment where applicable. The Centre also provides outreach services at a variety of locations including at Brixton Food bank. Statistical evidence is collated detailing the number of clients assisted, demographic information and the nature of their enquiry for internal monitoring and service planning and, for compliance with funder requirements. |
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Public benefit |
The Trustees consider that the objectives and activities of the Centre provides public benefit within the meaning and terms of the Charity Commission. |
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Volunteers |
The Centre continues to make use of volunteers to assist with the day-to-day administration of the Centre and provides them with opportunities, where appropriate, to increase employability prospects and, further advance the careers of some in the legal profession and other areas connected with legal rights and remedies e.g. public policy. The Centre has identified that it would be able to offer considerably more opportunities, and develop its services positively, if it were able to fund some form of volunteer co-ordinator post and it continues to explore ways of making this ambition a reality. |
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ACHIEVEMENT AND PERFORMANCE |
Charitable activities |
The Centre has been able to provide advice and casework for 2,200 new clients in addition to a large number of ongoing cases and has been able to secure significant financial gain in respect of resolving welfare benefits, debt and housing issues that in turn provides positive economic impacts on the local community. Other areas of legal advice offered by the Centre have also had significant impact locally including the pro bono legal advice clinic, which goes from strength to strength, providing a range of advice in areas of law the Centre is not directly funded to work in e.g. employment, contract, family and criminal law through the dedication and skill of volunteer solicitors and barristers. |
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The Centre has continued its partnership working throughout the period, working with others to ensure as strong a service as possible. This included the Centre stepping up when Lambeth Law Centre sadly closed and subsequently employing two of its specialist staff with the assistance of Lambeth Council, which ensured a large number of in-progress welfare benefits cases that Lambeth Law Centre had been dealing with were able to be resolved satisfactorily for the benefit of the clients. |
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The Centre planned ahead for a potential full lockdown due to the COVID-19 pandemic and was ready and able to move all its operations to online and other remote means by the point the national lockdown was announced. Partnership work with funders including Walcot Foundation, The National Lottery and City Bridge Trust, as well as ongoing work and support from City Bridge Trust and Lambeth Council, ensured that the Centre not only continued to deliver its much needed existing services, but also developed new services, employed new staff and was able to adapt to the new environment and the difficulties our community was facing. |
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The staff and volunteers have worked hard to review the systems and procedures to maintain compliance with the various quality standards the Centre adheres to. Their achievement was recognised by Council of Management with a vote of thanks recorded at meeting held at the year-end. |
BRIXTON ADVICE CENTRE (REGISTERED NUMBER: 01893924) |
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REPORT OF THE TRUSTEES |
for the year ended 31 March 2020 |
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FINANCIAL REVIEW |
Financial position |
Details of the financial transactions of the Centre are given in the accounts. The grant from the London Borough of Lambeth continues to be a crucial source of core funding, which for the year ended 31 March 2020 was reduced to £82,500. However, overall income from London Borough of Lambeth increased to a level of £103,250 in the year due to a one-off additional grant in respect of non-core services. The Capitalise Partnership re DTI continues to fund the debt advice service with £58,845. Another important source of funding is the contract with the Legal Aid Agency. The total revenue under the terms of this contract and other advice income amounted to £67,894. |
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On the Unrestricted Fund, total income of £197,258 was received and expenses for the Centre amounted to £190,936, which leaves a surplus of £6,322 for the year. The reserves are considered sufficient to allow the charity to meet its current and future objectives. The total Unrestricted Funds to be carried forward is £26,904. |
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The Centre is exempt from taxation under the provisions relating to charities. |
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The Centre continues to exercise especial care in respect of cash-flow and this is subject to regular ongoing monitoring and remains a high management priority. |
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Principal funding sources |
The principal funding sources of the Centre continues to be the London Borough of Lambeth, the Legal Aid Agency, The City Bridge Trust and the Money and Pensions Service (Debt Free London) funded partnership. |
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Reserves policy |
As part of its Reserves Policy, the Trustees aim to increase the reserves held by the Centre where the net current assets are at least equal to 6 months expenditure in order to enable the Centre to weather any possible reductions or changes in funding levels, reflecting the overall possible future reductions in public expenditure. |
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FUTURE PLANS |
The Centre continues with its outreach work, which includes providing advice sessions at Brixton Foodbank, funded by City Bridge Trust. The Centre continues to receive funding via the Money and Pensions Service funded debt advice contract, with Toynbee Hall being the lead contract holder and the Centre being a sub-contractor. The funding for this project to the Centre and other sub-contractors in London was reduced by over 30% in April 2020, shortly after the onset of the COVID-19 pandemic following the lead contractor implementing a new funding model and taking certain support functions in-house. The funding for this project continues to be recommissioned on a yearly basis. The Centre has significantly developed its volunteering policy by recruiting people new to the advice sector, so increasing the number of trained advisors in the sector and developing more opportunities for paid employment. The Centre's Strategic Plan, together with the fundraising strategy, is being reviewed and developed to reflect this. |
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As well as working closely with the foodbanks in Lambeth, the Centre has also blazed a trail in other aspects of its food poverty work, collaborating with Lambeth Larder, an innovative local initiative formerly funded by Lambeth Council. Its support and nurturing of the initiative has ensured its continuation as an important community asset and will allow the Centre to explore further opportunities to tackle inequality and social injustice in coming years. |
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The Centre is keen to develop further partnerships in order to provide a more diverse service to the community. |
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STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
Brixton Advice Centre was incorporated on 8 March 1985 as a company limited by guarantee and was registered as a charity on 18 April 1985. It is therefore governed by a memorandum and articles of association. |
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BRIXTON ADVICE CENTRE (REGISTERED NUMBER: 01893924) |
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REPORT OF THE TRUSTEES |
for the year ended 31 March 2020 |
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STRUCTURE, GOVERNANCE AND MANAGEMENT |
Recruitment and appointment of new trustees |
The Centre is controlled by Trustees who are elected to the Council of Management at the Annual General Meeting. Trustees are recruited through advertisements and word of mouth, with particular emphasis on the need to reflect the local community. All directors of the company are also trustees of the charity, and there are no other trustees. All the trustees named served at some point during the year. The Council of Management has the power to appoint additional trustees as it considers appropriate to do so. Once a new trustee has been appointed by the Council of Management they are inducted by the Director with the assistance of the Officers of the Council of Management. All prospective trustees must agree to the Centre's Trustee Code of Conduct before being accepted as a Trustee of the Centre. |
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Organisational structure |
The Centre is organised so that the Council of Management meets regularly to manage its affairs. The Centre has a full-time Chief Executive who is accountable to the Council of Management and who manages the day-to-day administration of the charity. |
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Key management remuneration |
2020 | 2019 |
£ | £ |
Key management compensation | 52,069 | 52,097 |
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Risk management |
The Council of Management regularly reviews the major risks the charity faces and has agreed that it will continue its efforts to increase these to the equivalent of 6 months running costs so as to ensure it has a reasonable level of resources in the advent of unforeseen circumstances. The Council of Management has also examined other operational and business risks faced by the charity and confirms they have established systems to mitigate the significant risk. |
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The Council of Management always seeks to ensure it reflects a range of skills and experience sufficient to oversee the running of the organisation. |
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Two sub-committees have also been developed to more closely oversee personnel related issues and detailed financial management issues. Day-to-day management of the Centre is devolved to the Chief Executive, who reports directly to the Council of Management and provides it with written and verbal reports as appropriate at each meeting. The Chief Executive also advises the sub-committees. There are agreed terms of reference for the Council of Management and the two sub committees. A series of Trustee Papers on key aspects of the work of the Centre have been developed to ensure the smooth induction of new Trustees. The Papers cover Governance issues as well as essential legislation and funding issues specific to the Centre. |
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Every member of the Centre undertakes to contribute an amount not exceeding twenty-five pence in the event of winding-up of the Centre whilst they are a member or, within one year after their membership has ceased. |
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TRUSTEES' RESPONSIBILITY STATEMENT |
The trustees (who are also the directors of Brixton Advice Centre for the purposes of company law) are responsible for preparing the Report of the trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). |
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Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to |
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- | select suitable accounting policies and then apply them consistently; |
- | observe the methods and principles in the Charity SORP; |
- | make judgements and estimates that are reasonable and prudent; |
- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. |
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BRIXTON ADVICE CENTRE (REGISTERED NUMBER: 01893924) |
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REPORT OF THE TRUSTEES |
for the year ended 31 March 2020 |
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TRUSTEES' RESPONSIBILITY STATEMENT - continued |
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
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In so far as the trustees are aware: |
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- | there is no relevant audit information of which the charitable company's auditors are unaware; and |
- | the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. |
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AUDITORS |
The auditors, Berringers LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting. |
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Approved by order of the board of trustees on
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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
BRIXTON ADVICE CENTRE |
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Opinion |
We have audited the financial statements of Brixton Advice Centre (the 'charitable company') for the year ended 31 March 2020 which comprise the Statement of financial activities, the Balance sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). |
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In our opinion the financial statements: |
- | give a true and fair view of the state of the charitable company's affairs as at 31 March 2020 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; |
- | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
- | have been prepared in accordance with the requirements of the Companies Act 2006. |
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Basis for opinion |
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. |
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Conclusions relating to going concern |
We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where: |
- | the trustees' use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or |
- | the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the charitable company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue. |
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Other information |
The trustees are responsible for the other information. The other information comprises the information included in the Annual report, other than the financial statements and our Report of the independent auditors thereon. |
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Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. |
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In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. |
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Opinions on other matters prescribed by the Companies Act 2006 |
In our opinion, based on the work undertaken in the course of the audit: |
- | the information given in the Report of the trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
- | the Report of the trustees has been prepared in accordance with applicable legal requirements. |
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
BRIXTON ADVICE CENTRE |
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Matters on which we are required to report by exception |
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the trustees. |
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We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: |
- | adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or |
- | the financial statements are not in agreement with the accounting records and returns; or |
- | certain disclosures of trustees' remuneration specified by law are not made; or |
- | we have not received all the information and explanations we require for our audit; or |
- | the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic report or in preparing the Report of the trustees. |
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Responsibilities of trustees |
As explained more fully in the Trustees' responsibilities statement, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. |
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In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. |
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Our responsibilities for the audit of the financial statements |
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the independent auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. |
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A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors. |
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Use of our report |
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. |
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for and on behalf of
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50 London Road |
Bromley |
Kent |
BR1 3RA |
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BRIXTON ADVICE CENTRE |
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STATEMENT OF FINANCIAL ACTIVITIES |
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) |
for the year ended 31 March 2020 |
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2020 | 2019 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
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Charitable activities | 3 |
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Investment income | 2 |
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Total |
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EXPENDITURE ON |
Charitable activities | 4 |
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NET INCOME/(EXPENDITURE) |
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RECONCILIATION OF FUNDS |
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Total funds brought forward |
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TOTAL FUNDS CARRIED FORWARD |
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421,917 |
BRIXTON ADVICE CENTRE (REGISTERED NUMBER: 01893924) |
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BALANCE SHEET |
31 March 2020 |
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2020 | 2019 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 8 |
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CURRENT ASSETS |
Debtors | 9 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 10 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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NET ASSETS |
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FUNDS | 11 |
Unrestricted funds | 26,904 | 20,582 |
Restricted funds |
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401,335 |
TOTAL FUNDS |
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421,917 |
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These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
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The financial statements were approved by the Board of Trustees and authorised for issue on
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BRIXTON ADVICE CENTRE |
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NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31 March 2020 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
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Critical accounting judgements and key sources of estimation uncertainty |
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. |
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The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods. |
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Income |
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. |
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Expenditure |
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. |
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Governance costs |
Governance expenditure includes all expenditure not directly related to the charitable activity or fund raising ventures. This includes costs of legal, professional and audit fees. |
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Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
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Freehold property | - |
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Fixtures and fittings | - |
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Assets are reviewed regularly for impairment and the residual value confirmed and no adjustment deemed necessary. |
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Taxation |
The charity is exempt from corporation tax on its charitable activities. |
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Fund accounting |
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
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Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. |
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Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
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BRIXTON ADVICE CENTRE |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 March 2020 |
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1. | ACCOUNTING POLICIES - continued |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the Statement of financial activities on a straight line basis over the period of the lease. |
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Pension costs and other post-retirement benefits |
The Centre participates in a stake holder pension scheme and contributes 5% for each participating employee. |
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2. | INVESTMENT INCOME |
2020 | 2019 |
£ | £ |
Deposit account interest |
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3. | INCOME FROM CHARITABLE ACTIVITIES |
2020 | 2019 |
Activity | £ | £ |
Grants | Provision of legal advice | 201,119 | 172,446 |
Legal Aid & advice | Provision of legal advice | 52,894 | 92,367 |
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The grant received from City Bridge Trust was reduced by the payments to Centre 70 |
2020 | 2019 |
£ | £ |
Amount received from City Bridge Trust | 61,500 | 24,000 |
Amount paid to Centre 70 | 22,476 | 10,282 |
Amount recognised as income | 39,024 | 13,718 |
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Grants received, included in the above, are as follows: |
2020 | 2019 |
£ | £ |
Lambeth Borough Council | 103,250 | 84,146 |
Capitalise Partnership re DTI | 58,845 | 64,632 |
Big Lottery Fund | - | 9,950 |
City Bridge | 39,024 | 13,718 |
201,119 | 172,446 |
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BRIXTON ADVICE CENTRE |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 March 2020 |
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4. | CHARITABLE ACTIVITIES COSTS |
Direct | Support |
Costs | costs | Totals |
£ | £ | £ |
Provision of legal advice | 252,829 | 4,800 | 257,629 |
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5. | NET INCOME/(EXPENDITURE) |
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Net income/(expenditure) is stated after charging/(crediting): |
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2020 | 2019 |
£ | £ |
Auditors' remuneration | 4,800 | 3,800 |
Depreciation - owned assets |
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Hire of plant and machinery | 8,804 | 9,433 |
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6. | TRUSTEES' REMUNERATION AND BENEFITS |
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There were no trustees' remuneration or other benefits for the year ended 31 March 2020 nor for the year ended 31 March 2019. |
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Trustees' expenses |
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There were no trustees' expenses paid for the year ended 31 March 2020 nor for the year ended 31 March 2019. |
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7. | STAFF COSTS |
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The average monthly number of employees during the year was as follows: |
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2020 | 2019 |
Advice Services | 6 | 7 |
Administration | 1 | 1 |
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BRIXTON ADVICE CENTRE |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 March 2020 |
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8. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | and |
property | fittings | Totals |
£ | £ | £ |
COST |
At 1 April 2019 |
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Additions |
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At 31 March 2020 |
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DEPRECIATION |
At 1 April 2019 |
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Charge for year |
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At 31 March 2020 |
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NET BOOK VALUE |
At 31 March 2020 |
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At 31 March 2019 |
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The Freehold property is considered restricted as per the terms of the Big Lottery Grant that was granted to purchase and refurbish the property and they retain an interest in the property until 2086. |
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9. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade debtors |
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VAT |
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Prepayments and accrued income |
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BRIXTON ADVICE CENTRE |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 March 2020 |
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10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade creditors |
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Social security and other taxes |
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VAT | - | 29 |
Client monies | 60,160 | 61,504 |
Accrued expenses |
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11. | MOVEMENT IN FUNDS |
Net |
movement | At |
At 1.4.19 | in funds | 31.3.20 |
£ | £ | £ |
Unrestricted funds |
General fund | 20,582 | 6,322 | 26,904 |
|
Restricted funds |
Capital Reserve re premises | 401,335 | (6,919 | ) | 394,416 |
|
TOTAL FUNDS |
|
(597 | ) | 421,320 |
|
Net movement in funds, included in the above are as follows: |
|
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 197,258 | (190,936 | ) | 6,322 |
|
Restricted funds |
Capital Reserve re premises | - | (6,919 | ) | (6,919 | ) |
Foodbank | 59,774 | (59,774 | ) | - |
|
( |
) | (6,919 | ) |
TOTAL FUNDS |
|
( |
) | (597 | ) |
|
BRIXTON ADVICE CENTRE |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 March 2020 |
|
11. | MOVEMENT IN FUNDS - continued |
|
Comparatives for movement in funds |
|
Net |
movement | At |
At 1.4.18 | in funds | 31.3.19 |
£ | £ | £ |
Unrestricted funds |
General fund | 53,134 | (32,552 | ) | 20,582 |
|
Restricted funds |
Capital Reserve re premises | 408,254 | (6,919 | ) | 401,335 |
|
TOTAL FUNDS | 461,388 | (39,471 | ) | 421,917 |
|
Comparative net movement in funds, included in the above are as follows: |
|
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 242,155 | (274,707 | ) | (32,552 | ) |
|
Restricted funds |
Capital Reserve re premises | - | (6,919 | ) | (6,919 | ) |
Foodbank | 24,168 | (24,168 | ) | - |
24,168 | (31,087 | ) | (6,919 | ) |
TOTAL FUNDS | 266,323 | (305,794 | ) | (39,471 | ) |
|
12. | RELATED PARTY DISCLOSURES |
|
There were no related party transactions for the year ended 31 March 2020. |
|
13. | CLIENTS BANK ACCOUNTS |
|
2020 | 2019 |
£ | £ |
Monies held in client bank accounts | 60,160 | 61,504 |