THE POVERTY ALLIANCE. Report and Financial Statements For the year ended 31 March Company Registration Number SC136689

Transcription

1 Report and Financial Statements Company Registration Number SC Registered Charity Number SC

2 Financial Statements CONTENTS Page Directors report 1 Independent auditor s report to the members 7 Statement of financial activities 9 Balance sheet 10 Notes to the financial statements 11 Detailed income and expenditure account 21

3 Directors Report The directors have pleasure in presenting their report and the financial statements of the company for the year ended 31 March The financial statements comply with the current statutory requirements, the Memorandum and Articles of Association and the Statement of Recommended Practice Accounting and Reporting by Charities. Objectives and activities The Objectives of The Poverty Alliance are set out in our Articles of Association: To promote the alleviation of poverty and to assist the work of voluntary organisations, statutory authorities and others engaged in the relief of poverty and or other charitable purposes; and To promote and organise cooperation in the achievement of the above purposes or any of them and to improve the level of public knowledge and awareness of poverty issues. The Board and staff team of The Poverty Alliance undertake work to apply these objectives to the social, political and economic context in which we operate. In four areas of activity that would help us fulfil our objectives. These four areas of activity were: 1. To support the development of policies which promote social justice and combat poverty; 2. To work with people and communities to empower them to address poverty; 3. To work with organisations to build a strong anti-poverty network in Scotland; and 4. To raise awareness about poverty and encourage debate. A wide range of activities are carried out by the staff team with our members and many others in each of these areas. In each of the areas the main activities have included: 1. The Poverty Alliance undertakes a range of activities to influence policies that can or should have an impact on poverty. We have undertaken lobbying activities at local and national levels, including meetings with politicians and policy makers, attending political conferences, giving evidence in Parliament, to promote our positions on key areas such as the development of new social security powers, in-work poverty and attitudes to poverty. We have responded to a range of formal consultations, have engaged with a wide range of advisory bodies, and delivered a range of seminars on key policy issues (including this year on sustainable development goals, new welfare powers and intersectionality). We carried out a wide ranging consultation with community groups across Scotland to feed their views into the Scottish Government s Fairer Scotland discussion. To support our policy activity we have also carried out research into a wide range of issues including economic restructuring, young people s experience of housing, food insecurity and business approaches to tackling poverty. We have also carried out practical work to change the policy and practice of employers across Scotland, undertaking a wide range of activities to encourage them to pay the Living Wage. 2. Working with community based organisations and with people with direct experience of poverty is a key part of The Poverty Alliance s work. In we carried out a comprehensive programme of engagement meetings with community based organisations, meeting with 38 organisations over the course of the year and producing a detailed report on these meetings. We also continued to work with our Community Activist Advisory Group (CAAG), ensuring that their views were fed into relevant policy processes. This included supporting members of the CAAG to attend the annual European Meeting of People with experience of Poverty. We also carried out an extensive programme of community engagement work in Glasgow as part of our Welfare Trackers project, delivered in partnership with Scottish Drugs Forum and Glasgow Council for the Voluntary Sector. 1

4 Directors Report (continued) Objectives and activities (continued) 3. A key activity for The Poverty Alliance is building our network of supporters in the community, voluntary and statutory sectors. This including providing regular information to our members, but it also entails having an active management board drawn from our membership, and being involved in the boards of other key organisations in the voluntary sector. A critical part of our activity is our programme of 10 regional networking meetings which are designed to bring together people and organisations to update them on key poverty issues and to provide opportunities to work together at the local and national levels. A key event in building our network is our annual conference, which last year we combined with the 6 th Scottish Assembly for Tackling Poverty, with more than 130 people attending. In we also continued to carry out a range of other networking activities, including remain active in the European Anti-Poverty Network and running a series of networking meeting for groups and organisations involved in issues around food insecurity. 4. Our awareness raising activity remains crucial to all of the work that The Poverty Alliance carries out. As in previous years we continued to produce a range of publications including producing briefing papers on a wide range of issues such as taxation, welfare reform and the impact of welfare change on voluntary organisations. We also continued to produce our regular Scottish Anti-Poverty Review. We have also continued to undertake a wide range of media work, with more than 160 comments in the local and national media last year. We have also continued to develop and maintain a strong online presence, running five websites, four twitter accounts and three facebook pages. We also ensure that we maintain an active engagement with a wide range of organisations by speaking at conferences and events, speaking at 70 events reaching more than 3,400 people. Our campaigning work remains an important way of raising awareness about different aspects of poverty. We have continued to coordinate the Scottish Living Wage Campaign and the Stick Your Labels campaign, and have been actively involved in the Scottish Campaign on Welfare Reform and the End Child Poverty Campaign Scotland. We also organised Challenge Poverty Week in October 2015 to help raise awareness of the activities that are taking place across Scotland to address poverty. Achievements and performance As can be seen from the summary above The Poverty Alliance carries out a very wide range of activities. All of these activities are designed to help contribute to our overall objective of influence policy and practice to reduce poverty. Some of the key highlights over the last year have included: 1. Influencing policy and practice: We argued that the Community Empowerment Bill should be strengthened to include a right to appeal when their request to participate was turned down by a public body. By campaigning jointly with Oxfam Scotland and Barnardos, we were able to support efforts to amend legislation to this effect. We have been very active around a wide variety of issues related to the use of new social security powers, including the development of new regulations for the Scottish Welfare Fund, and seeking to influence how the new powers are used. We have led calls for the welfare system in Scotland to be based on dignity and respect, which many others in the voluntary sector have support. We believed that the Scottish Government s statements on these issues are a result of our consistent campaigning. We have continued to have an impact on the practices of employers across Scotland. By March 2016 more than 500 employers had signed up to the Living Wage Accreditation scheme, with more than 7,000 workers receiving a pay increase as a direct result. 2

5 Directors Report (continued) Achievements and performance (continued) Finally, our research with young people in Glasgow into housing needs has begun to have an impact on the practices of the Wheatley Group. New training and support practices are now being introduced as a result of the award winning research we carried out with Children in Scotland. 2. Community Engagement: Our community engagement work continues to develop and reach more individuals and organisations than ever. We held 38 detailed community engagement meetings last year, leading to the production of a comprehensive report. We also carried out more than 100 training and networking events in Glasgow as part of our Welfare Trackers project, helping to build the capacity of local organisations to understand and prepare for on-going changes in the welfare system. We carried out a comprehensive programme of community engagement for the Fairer Scotland discussion, working with 20 community organisations to help feed their views into this important discussion. We also published the results of various community based research projects, in particular our work with young people in Glasgow on housing (as mentioned above) and on welfare change in Glasgow. The continued development of the Poverty Alliance s programme of research has been an important development over recent years and is now bearing fruit. 3. Networking: We have engaged with thousands of people through a range of networking activities during the last year. More than 3,000 people have been present at events where The Poverty Alliance staff have made an input. We have also delivered more of our own events than ever before. This has included our 10 regional networking events, three Understanding Poverty Seminars, the Scottish Assembly for Tackling Poverty, our new Challenge Poverty Annual Lecture, four regional Food Poverty networking meetings, a national conference on food insecurity, a Living Wage Expo (the first of its kind in the UK), along with events at party political conferences, a parliamentary reception and four awareness raising sessions on stigma. These events are essential to maintain our engagement with our members and with all those who want to be active in tackling poverty. 4. Awareness raising: In we have had more media contacts than in any other year. Improving our media profile has been important in ensuring that the positions that the Poverty Alliance has are widely understood. We have also continued to increase our online activities, maintaining regular enewsletters on our core activities and on the work of the Scottish Living Wage Accreditation Initiative. We have increased the reach of these newsletters to more than 2,500 subscribers. Our Stick Your Labels campaign has seen significant progress over the last year. We launched a new phase of the campaign in May 2015, focusing on getting organisations to take practical actions to address stigma. Since the re-launch eight Local Authorities have signed up to the campaign alongside Health Scotland and the Scottish Government, with real commitments starting to be made by all of these bodies. Financial Review The Poverty Alliance s financial position has been stable over the last year. Our core grant from the Scottish Government has been important in maintaining this stability. The increase in support for the Scottish Living Wage Accreditation Initiative (SLWAI) has been another important factor in improving the financial position of the Poverty Alliance. We have continue to have a reserves policy which aims for between 3 to 6 months operating costs. There are no doubts about the Poverty Alliance being a going concern. 3

6 Directors Report (continued) Structure, Governance and Management The Poverty Alliance is a registered charity and a company limited by guarantee. The Memorandum of Association of The Poverty Alliance allows for an Executive Committee (also known as the Board) of up to 15 members. Full board members are elected for a period of three years. In addition the Board may also co-opt members to fill vacancies and may also co-opt up to five additional members. Members of the Board are recruited from within the ordinary membership of The Poverty Alliance. Prior to the Annual General Meeting of the organisation all members receive nomination forms entitling them to nominate one individual to the Board. If the number of nominations exceeds the number of vacancies then the election is made by secret ballot. The first meeting following the AGM is an induction meeting for new members. This induction outlines the roles and responsibilities of Board members, the current and future activities and an overview of the financial position of the organisation. Finally, board members elect officers of the board (Convenor, Vice Convenor and Treasurer), each of which serves for three years. Day to day management of the budget and resources of The Poverty Alliance are delegated by the Board to the Secretary. The Secretary is responsible for reporting back to the Board on a regular basis, for ensuring that the policies of the Alliance are up to date and meet with best practice and for ensuring that the staff team receive appropriate support and supervision. Reference and administrative details The Board of Directors Company Secretary Registered Office Auditor Bankers Mary McLean John Dickie Nick Bailey Elizabeth Gore David Liddell David Moxham Satwat Rehman Claire Telfer (resigned 23 October 2015) Murdo Mathison (resigned 23 October 2015) Irena Paterson Suzi Macpherson (resigned 30 June 2016) Derek Holliday Ann Mulgrew (appointed 23 October 2015) Anela Anwar (appointed 26 February 2016) Jill Wood (appointed 26 February 2016) Peter Kelly 162 Buchanan Street Glasgow G1 2LL Scott-Moncrieff Statutory Auditor & Chartered Accountants 25 Bothwell Street Glasgow G2 6NL Bank of Scotland 11 Gordon Street Glasgow G1 3RS 4

7 Directors Report (continued) Reference and administrative details (continued) Solicitors Website address T C Young & Son 7 West George Street Merchants House Glasgow G2 1BA Directors Responsibilities The directors are responsible for preparing the Directors Report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing these financial statements, the directors are required to: select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP; make judgements and accounting estimates that are reasonable and prudent; state whether the UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and Regulation 8 of the Charities Accounts (Scotland) Regulations 2006 (as amended). They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities 5

8 Directors Report (continued) Statement of disclosure of information to auditor As far as each of the directors at the time the report is approved are aware: a) there is no relevant information of which the company s auditor is unaware and; b) the directors have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of the information. Auditor The auditor, Scott-Moncrieff, will be proposed for reappointment in accordance with section 485 of the Companies Act The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act Signed by order of the directors. Nick Bailey Director Dated: 6

9 Independent Auditor s Report to the Members and Directors We have audited the financial statements of The Poverty Alliance for the year ended 31 March 2016 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and Accounting and Reporting by Charities, Statement of Recommended Practice applicable to charities preparing their accounts in relation with the Financial Reporting Standard for Smaller Entities (the FRSSE) (effective 1 January 2015). This report is made exclusively to the members, as a body, in accordance with sections 495 and 496 of the Companies Act 2006 and to the charitable company s directors, as a body, in accordance with section 44 (1) (c) of the Charities and Trustee Investment (Scotland) Act 2005 and Regulation 10 of the Charities Accounts (Scotland) Regulations 2006 (as amended). Our audit work has been undertaken so that we might state to the members and the charitable company s directors those matters we are required to state to them in an auditor s 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 its members and directors as a body, for our audit work, for this report, or for the opinions we have formed. Respective responsibilities of directors and auditor As explained more fully in the Directors' Responsibilities Statement set out on page 5, 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. We have been appointed as auditor under section 44(1) (c) of the Charities and Trustee Investment (Scotland) Act 2005 and under the Companies Act 2006 and report in accordance with regulations made under those Acts. Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board's Ethical Standards for Auditors, including APB Ethical Standard Provisions Available for Smaller Entities (Revised), in the circumstances set out in note 19 to the financial statements. Scope of the audit of the financial statements A description of the scope of an audit of financial statements is provided on the Financial Reporting Council s web-site at Opinion 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 2016 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 Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and Regulation 8 of the Charities Accounts (Scotland) Regulations 2006 (as amended). 7

10 Independent Auditor s Report to the Members and Directors Opinion on other matter prescribed by the Companies Act 2006 In our opinion the information given in the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements. Matters on which we are required to report by exception We have nothing to report in respect of the following matters where the Companies Act 2006 and the Charities Accounts (Scotland) Regulations 2006 (as amended) requires us to report to you if, in our opinion: the charitable company has not kept proper and adequate accounting records 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 directors' remuneration specified by law are not made; or we have not received all the information and explanations we require for our audit; or the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies exemption in preparing the Directors Report and Financial Statements; or the directors were not exempt from the requirement to prepare a strategic report. Michael Harkness, Senior Statutory Auditor For and on behalf of Scott-Moncrieff, Statutory Auditor Chartered Accountants 25 Bothwell Street Glasgow G2 6NL Dated: 8

11 Statement of Financial Activities (Incorporating the Income and Expenditure Account) Income Notes Unrestricted Funds Restricted Funds Total Funds 2016 Total Funds 2015 Donations 4 3,147-3,147 4,555 Charitable activities 5 314, , , ,526 Other trading activities 6 17,740-17,740 6,091 Other income Total income 335, , , ,260 Expenditure Charitable activities 8 305, , , ,734 Total expenditure 305, , , ,734 Net (expenditure)/income 30,202 (62,938) (32,736) 127,526 Transfers between funds (367) Net movements in funds 29,835 (62,571) (32,736) 127,526 Reconciliation of funds Total funds brought forward 181, , , ,961 Total funds carried forward 210,933 59, , ,487 The notes on pages 11 to 20 form part of these financial statements 9

12 Balance Sheet As at 31 March 2016 Fixed assets Note Tangible assets 12 5,657 8,217 Current assets Debtors 13 32,885 64,789 Cash at bank and in hand 250, , , ,977 Creditors: amounts falling due within one year 14 (18,701) (9,707) Net current assets 265, ,270 Net assets 270, ,487 Reserves Unrestricted funds 15, , ,098 Restricted funds 15, 16 59, ,389 Members funds 270, ,487 These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015). These financial statements were authorised for issue by the directors on signed on their behalf by: and are Nick Bailey Treasurer Elizabeth Gore - Director Company number: SC Charity number: SC The notes on pages 11 to 20 form part of these financial statements 10

13 Notes to the Financial Statements 1. Accounting policies Basis of accounting The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP 2015) effective in January 2015, Charities Accounts (Scotland) Regulations 2006 (as amended), Companies Act 2006 and the Financial Reporting Standard for Smaller Entities (effective January 2015). Reconciliation with previous Generally Accepted Accounting Practice In preparing these accounts, the Board of Directors have considered whether in applying the accounting policies required by the Charities Statement of Recommended Practice and the Financial Reporting Standard for Small Entities (effective January 2015) the restatement of comparative items was considered. No restatements were required. Going concern As discussed in the Directors Report, The Poverty Alliance has secured sufficient funding for the year to 31 March 2017, albeit at a reduced level compared to the year to 31 March The Poverty Alliance has no borrowings and net unrestricted assets of 210,933 at 31 March 2016 and therefore the Directors consider that it is appropriate to prepare the financial statements on the going concern basis. Tangible fixed assets and depreciation Tangible fixed assets are stated at cost less depreciation. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows: Equipment 20% on cost Income Income is recognised and included in the financial statements when all of the following criteria are met: The charity has entitlement to the funds; Any performance conditions attached to the item(s) of income have been met or are fully within the control of the charity; There is sufficient certainty that receipt of the income is considered probable; and The amount can be measured reliably. Donations Donated services or facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. On receipt, donated services and facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt. 11

14 Notes to the Financial Statements (continued) 1. Accounting policies (continued) Income Charitable activities Grant income received from funders in relation to the projects undertaken in the year. These are recognised as income in the period in which the performance conditions of the project are met. Other trading activities Monies received to cover the cost of expenses in relation to the projects undertaken in the year. These are recognised as income in the period in which they are receivable. Other income Bank interest received is credited in full as income in the period in which it relates. Expenditure Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Charitable activities Comprises those costs incurred by the charitable company in the delivery of its charitable activities and services. Allocation of support costs Support costs are those functions that assist the work of the charitable company but do not directly undertake charitable activities. Support costs include office running costs, payroll and governance costs. These costs are allocated to expenditure on charitable activities. The bases on which support costs have been allocated are set out in note 9. Debtors Trade debtors and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account and trade discounts due. Cash at bank and in hand Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Creditors Creditors are recognised where the charitable company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due. Financial instruments The charitable company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. 12

15 Notes to the Financial Statements (continued) 1. Accounting policies (continued) Operating leases The charitable company classifies the lease of premises as operating leases; the title to the property remains with the lessor. Costs in respect of operating leases are charged on a straight line basis over the lease term. Pension costs The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the income and expenditure account. VAT The charitable company is not registered for VAT and accordingly expenditure includes VAT where appropriate. Taxation As a charity, The Poverty Alliance is exempt from tax on income and gains falling within sections of the Corporation Tax Act 2010 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity. Unrestricted reserves Unrestricted funds are available for use at the discretion of the members in furtherance of the general objectives of the charity. Restricted reserves Restricted funds are subjected to restrictions on their expenditure imposed by the donor or grant provider. 13

16 Notes to the Financial Statements (continued) 2. Comparative Financial Statements Income Total Unrestricted Restricted Funds Funds Funds 2015 Donations 4,555-4,555 Charitable activities 276, , ,526 Other trading activities 6,091-6,091 Other income Total income 287, , ,260 Expenditure Charitable activities 281, , ,734 Total expenditure 281, , ,734 Net income and net movement in funds for the year 5, , ,526 Total funds brought forward 175, ,961 Total funds carried forward 181, , ,487 14

17 Notes to the Financial Statements (continued) 3. Legal status of the charity The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding-up is limited to Donations Just giving donations received in year 3,147 4, Income from charitable activities CORE unrestricted 314, ,941 Scottish Community Engagement - 38,811 Living Wage Accreditation 144,800 80,936 Tracking Welfare Change 56, ,108 Foodbank - 53,491 Social Justice Consultation 24,300 - Youth Participation 12,338 42,840 Reinvest - 17, , , Income from other trading activities Room hire 77 - Reimbursement of expenses 7,563 5,391 Miscellaneous income 10, ,740 6, Income from other sources Bank interest received

18 Notes to the Financial Statements (continued) 8. Expenditure on charitable activities Core Living Wage Accreditation Tracking Welfare Change Foodbank Scottish Community Engagement Social Justice Consultation Youth Participation Reinvest 2016 Total Printing, stationery and postage 23,021 16,688 9, ,399-55,900 33,631 Consultancy , ,250 - Management fees , ,820 2,142 Venue hire and conference costs 10,529 2,874 1,788 7,600-7,319 1, ,466 29,789 Sessional payments , ,608-7,496 21,538 Equipment Development 1, ,644 3,130 Bank charges Subscriptions 2, ,935 2,997 Participation 1, ,243 10,415 IT support 7,391 1, ,589 10,642 Miscellaneous 12,325 6, , ,900 11,692 Governance costs (note 9) 9,226 1, ,829 12,547 Support costs (note 9) 236, ,402 47,830 4, ,606 5, , , , ,793 63,098 25, ,300 26,059 7, , , Total 16

19 Notes to the Financial Statements (continued) 9. Analysis of governance and support costs The charitable company 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 the seven key charitable activities undertaken in the year (see note 8). Refer to the table below for the basis for apportionment and the analysis of support and governance costs. General support Governance function 2016 Total 2015 Total Basis of apportionment Catering and venue hire for directors and other business meetings 40,044 3,697 43,741 54,743 Invoiced events Salaries, wages and related costs (note 11) 390, , ,058 Allocated on time Audit fees - 7,132 7,132 6,012 Governance 430,483 10, , , Net (expenditure)/income for the year This is stated after charging: Depreciation 3,209 3,385 Auditor fees - audit 7,132 5, Staff costs The aggregate payroll costs were: Wages and salaries 348, ,180 Social security costs 30,138 25,019 Other pension costs 12,196 12, , ,058 No employee earned more than 60,000 per annum. During the year, a total of 763 (2015: 1,042) was reimbursed to four board members (2015: two) for travel expenses. The trustees did not receive any remuneration in the year (2015: nil). The Poverty Alliance has a stakeholder pension scheme in place, which is administered by Scottish Widows. The scheme is a Personal Pension Scheme whose assets are held separately from that of the company. 17

20 Notes to the Financial Statements (continued) 11. Staff costs (continued) Particulars of employees: The average number of staff employed by the charitable company during the financial year was: No. No. Number of Head Office staff 6 6 Number of Project staff Equipment 12. Tangible fixed assets Cost At 1 April ,502 Additions 649 At 31 March ,151 Depreciation At 1 April ,285 Charge for the year 3,209 At 31 March ,494 Net book value At 31 March ,657 At 31 March , Debtors Trade debtors 28,774 41,318 Prepayments and accrued income 4,111 23,471 32,885 64, Creditors: amounts falling due within one year Trade creditors 3,441 4,187 Other creditors 3,861 - Accruals and deferred income 11,399 5,520 18,701 9,707 18

21 Notes to the Financial Statements (continued) 19 Tangible Fixed Assets Other Net Assets Total Analysis of net assets between funds Total 2015 Restricted Funds - 59,818 59, ,389 Unrestricted Funds 5, , , ,098 5, , , ,487 At 1 April 2015 Incoming Resources Outgoing Resources Transfers between funds At 31 March Restricted funds Tracking Welfare Change 37,903 56,359 (63,098) - 31,164 Scottish Community Engagement (826) Living Wage Accreditation 28, ,800 (153,793) - 19,574 Foodbank 25,410 - (25,410) - - Youth Participation 13,721 12,338 (26,059) - - Reinvest 16,329 - (7,249) - 9,080 Social Justice Consultation - 24,300 (24,300) , ,797 (300,735) ,818 Tracking Welfare Change This project is funded by the Big Lottery Fund to carry out a project, in partnership with the Scottish Drugs Forum and the Glasgow Council for the Voluntary Sector, to carry out a programme of community engagement and research into the impact of welfare change in Glasgow. Scottish Community Engagement This project has been funded by the Joseph Rowntree Foundation to carry out a programme of community engagements to be fed into their UK Anti- Poverty Strategy programme. Living Wage Accreditation This is an initiative funded by the Scottish Government to encourage employers in Scotland to become accredited Living Wage employers. Foodbank This project was funded by the Scottish Government to carry out a research project into the function of emergency food aid providers in Scotland. The second year of the project will focus on providing networking opportunities associated with emergency food aid provision. Youth Participation This project was funded by the Wheatley Housing Group and delivered in partnership with Children in Scotland. The project is carrying out participatory research with young people looking at housing needs. Reinvest This project is funded through the European Commission s Horizon 2020 research funding stream. The Poverty Alliance, one of a total of 19 project partners, will carry out research into the impact of economic crisis. Social Justice Consultation This project is funded by the Scottish Government to support their vision for a fairer Scotland. This will including carrying out research and holding various regional workshops to engage people directly on shaping a fairer Scotland. Transfer of funds These relate to management income for projects completed during the year.

22 Notes to the Financial Statements (continued) At 1 April 2015 Incoming Resources Outgoing Resources Transfers between Funds At 31 March Unrestricted funds Unrestricted funds 181, ,733 (305,531) (367) 210, Operating lease commitments The company has annual commitments under non-cancellable leases as set out below: Property Property Operating leases which expire: Within 1 year 7,000 7,000 Between 2 5 years 10,000 10, Accounts preparation In common with many other charities of our size we use our auditor to assist in the preparation of the financial statements. 20

23 Detailed Income and Expenditure Account Tracking Welfare Change Social Justice Consultation Scottish Community Engagement Core Living Wage Accreditation Foodbank Youth Participation Reinvest Total Income Grants 271, ,800 56,359-24,300-12, ,702 Donation 3, ,147 Membership 5, ,630 Earned income* 44, ,847 Bank interest receivable Other income 10, , , ,800 56,359-24,300-12, ,530 Expenditure Rent and rates 14,391 3,866 1, ,494 Light and heat 5,783 1, ,818 Insurance ,367 Repairs and maintenance 4,667 1, ,471 Telephone 2, ,592 Cleaning ,302 Wages and salaries 182, ,331 40,265 4, ,980 4, ,103 Employers NIC 15,362 9,585 3, , ,139 Staff pension contributions 9,682-1, ,197 Stationery 1, ,324 Printing and design 17,703 14,421 9, ,399-47,915 Photocopying 1, ,171 Postage 2,134 1, ,490 Consultancy , ,250 Carried forward 260, ,090 57,428 5,571 15,805-19,005 5, ,633 This page does not form part of the audited financial statements. 21

24 Detailed Income and Expenditure Account (continued) Core Living Wage Accreditation Tracking Welfare Change Foodbank Social Justice Consultation Scottish Community Engagement Youth Participation Reinvest Total Expenditure (continued) Brought forward 260, ,090 57,428 5,571 15,805-19,005 5, ,633 Management fees , ,820 Venue hire and conference costs 10,529 2,874 1,788 7,600 7,319-1, ,466 Sessional payments , ,608-7,496 Participation 1, ,243 Board expenses AGM costs 2, ,874 Lawyer fees Audit and accountancy 5,529 1, ,132 IT support 7,391 1, ,589 Depreciation 3, ,209 Sundry expenses , ,870 Staff training Recruitment Travel and subsistence 8,394 5, ,449 Payroll costs Childcare voucher scheme Development EAPN 1, ,644 Bank charges Carried forward 303, ,910 62,882 22,910 24, ,059 7, ,182 This page does not form part of the audited financial statements. 22

25 Detailed Income and Expenditure Account (continued) Core Living Wage Accreditation Tracking Welfare Change Foodbank Social Justice Consultation Scottish Community Engagement Youth Participation Reinvest Total Expenditure (continued) Brought forward 303, ,910 62,882 22,910 24, ,059 7, ,182 Subscriptions 2, ,935 Equipment general Overhead contribution , , , ,793 63,098 25,410 24, ,059 7, ,266 (Deficit)/Surplus 30,202 (8,993) (6,739) (25,410) - (826) (13,721) (7,249) (32,736) This page does not form part of the audited financial statements. * Earned income contains a sum of 32,300 from the Scottish Government, a sum of 10,595 from the Big Lottery Fund and a sum of 1,952 from Wheatley Housing Group. These sums are in respect of management fees paid to The Poverty Alliance as part of funding provided but due to the nature of this income it s shown as Core instead of project specific income. 23