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2023-03-31-accounts

Contents
Page
Charity Reference and Administrative Details
Trustees'
Annual
Report
Independent
Auditor's		 Report
Statement
of Financial		 Activities
Balance Sheet
Statement
ofCash Flows		 13
Notes to the Financial Statements

e year and since th s year end are as follows:
J Murphy Independent —Chair
SBrake Independent —Vice chair
C Stephens Independent —Vice chair
J Walker-Thompson Independent —Treasurer
Cllr FAbbott Nominated representative —Coventry City Council
BSingh independent
M Lloyd independent
LTaylor Independent
P Frost (appointed 1 June 2023) Independent

2023 2022
Unrestricted Restricted
funds funds Total Total
Note 6 f 6 f
Income and endowments from:
Donations
and legacies		 741 741 1,305
Charitable
activities		 404,599 2,004,610 2,409,209 2,510,712
Other trading
activities		 2,800 2,800 3,200
Investments 2,290 2,290 63
Total income and endowments 410,430 2,004,610 2,415,040 2,515,280
Expenditure
on:
Charitable
activities		 6 383,859 2,072,353 2,456,212 2,430,545
Total expenditure 383,859 2,072,353 2,456,212 2,430,545
Net Income/ (expenditure) 26,571 (67,743) (41,172) 84,735
Transfers
between
funds		 16 (33,183) 33,183
Nst movemsnt
In funds		 (6,612) (34,560) (41,172) 84,735
Reconciliation
offunds:
Total funds brought
forward		 16 310,704 264,389 575,093 490,358
Total funds carried forward 16 304,092 229,829 533,921 575,093

As at 31 March 2 023
2023 2022
Note 8
Fixed assets
Tangible assets
Current assets
Debtors 12 372,708 275,226
Cash at bank and in hand 350,463 549,922
723,171 825,148
Creditors: amounts falling due within one year 13 (89,250) (150,055)
Nst current assets 633,921 675,093
Total assets less current liabilities 633,921 675,093
Provisions
for liabilities		 14 (100,000) (100,000)
Net assets 533,921 575,093
Charity Funds
Restricted funds 16 229,829 264,389
Unrestricted
funds		 16 304,092 310,704
Total charity funds 533,921 575,093

2023 2022
Note 8 8
Cash flow from operating activities 18 (201,749) (83,995)
Cash flow from investing activities
Interest received 2,290 63
Net cash flow from investing activities 2,290 63
Net increase /(decrease) in cash and cash equivalents (199,459) (83,932)
Cash and cash equivalents at 1 April 549,922 633,854
Cash and cash equivalents at 31 March 350,463 549,922
Analysis ofchanges
In net funds
At 1 April Cash At 31 March
2022 flows 2023
Net cash f 8 8
Cash at bank and
In		 hand 549,922 (199,459) 350,463
Bank overdralts
549,922 (199,459) 350,463

4 Income from other trading Income from other trading Income from other trading activities
2023 2022
E E
Room hire 2,800 3,200
2,800 3,200
2022 comparatives indude room hire income ofE3,200 In unrestricted funds.
5 Income from Investments
2023 2022
E
Interest - deposits 2,290 63
2,290 63
2022 comparatives include Interest ofE63 in unrestricted funds.
6 Analysis
ofexpenditure		 on charitable activities
Activities Supportand Total Total
undertaken governance 2023 2022
directly costs
Charitable
activities —advice		 E E
and information services
Staff costs 1,415,561 277,884 1,693,445 1,607,720
Recruitment
and other costs		 8,136 19,427 27,563 25,584
Training 3,578 358 3,936 6,887
Travel 5,834 859 6,693 5,995
Ghent expenses 33,791 33,791 72,798
Volunteer expenses 562 54 616 399
Translation
costs		 19,493 19,493 28,430
Pubgdty 150 150 138
SubscripUons
and		 licences 7,796 14,254 22,050 18,966
Printing,
postage		 and stationery 11,261 2,587 13,848 15,274
Telephone 22,301 1,649 23,950 24,564
Insurance 9,573 9,573 9,194
Rent, rates and service charges 78,329 78,329 79,802
Heat and light 17,096 17,096 9,535
Premises and equipment
and maintenance		 repairs 34,076 34,076 41,706
Computer costs 6,141 19,632 25,773 27,035
Settlement
costs		 421,610 421,610 429,618
Professional
fees		 840 12,310 13,150 13,843
Other costs 2,405 8,665 11,070 13,057
1,959,459 496,753 2,456,212 2,430,545

7 Governance
costs
2023 2022
6 f
Auditor's
remuneration		 6,311 6,951
Professional
fees		 12,310 13,843
Staff costs 63,783 51,474
Other 1,516 4,318
83,920 76,586
8 Net income for the year
Net income is stated after charging I(crediting):
2023 2022
f
Auditor's
remuneration		 6,311 6,951
Operating
lease rentals		 74,074 73,780
9 Trustees'
and key management		 personnel remuneration and expenses
The trustees neither received nor waived any remuneration during the year (2022: fnit).
No trustees (2022; No trustees) had expenses for travel reimbursed during the year.
The charity considers
The total employment		 its key management
benefits induding		 personnel
to comprise the trustees
and
pension
contrlbufions
of key management		 the Chief Executive Officer.
personnel
was f86,101
(2022.'868,959).
10 Staff costs and employee benefits
The average
monthly
number		 of employees during the year, expressed as full-time equivalents,
was		 as follows:
2023 2022
Number Number
Charitable
activities		 48 51
Management
and administration		 6 5
54 56
The total staff costs and employees' benefits was as follows:
2023
6		 2022f
Wages and salaries 1,494,547 1,419,860
Social security 131,767 121,108
Defined contribution pension costs 67,131 66,752
Bureau agency costs 5,098 4,878
1,698,543 1,612,598

11 Tangible fixed assets
Leasehold Computer Fixtures and
premises equipment fittings Total
Cost or valuation: E E E E
At 1 April 2022 and
31 March 2023 166,946 120,375 66,673 353,994
Depreciation:
At 1 April 2022 166,946 120,375 66,673 353,994
Charge for the year
At 31 March 2023 166,946 120,375 66,673 353,994
Net book value:
At 31 March 2023
At 31 March 2022
12 Debtors
2023 2022
E
Trade debtors 347,016 245,704
Prepayments
and accrued		 income 25,692 29,522
372,708 275,226
13 Creditors: amounts falling due within one year
2023 2022
E E
Trade creditors 23,735 44,173
Other tax and social security 30,468 31,252
Other creditors 21,842 21,638
Deferred income 25,000
Accruafs 13,205 27,992
89,250 150,055
Deferred
income comprises		 amounts received in advance where the performance conditions ofthe grant have not
been met.
2023 2022
Balance at 1 April 25,000 65,000
Amounts
released		 to Incoming resources (25,000) (40,000)
Amounts
deferred		 In year
25,000
14 Provisions
for liabilities
Dilaptdations
2023
F
Balance at 1 April 2022 100,000
Charge to Statement of Financial Activities
Balance at 31 March 2023 100,000

15 Leases
Total future
minimum		 lease payments under non-cancegable operating leases are as follows:
2023 2022
f
Not later than one year 1,580 57,380
Later than one and not later than five years 1,185 2,765
2,765 60,145
16 Funds
Balance at Balance at
01/04/2022
f		 Income Expenditure
f		 Transfers
F		 31/03/2023
6
Unrestricted funds
General funds 280,704 410,430 (383,859) (33,183) 274,092
Designated
funds:
Relocation reserve 20,000 20,000
Restructuring reserve 10,000 10,000
Total unrestricted funds 310,704 410,430 (383,859) (33,183) 304,092
Restricted funds
CitA —Money Advice Service 252,679 (278,772) 26,093
NaUonwide —Reach 8,976 25,000 (24,573) 9,403
Eveson
-Reach		 20,000 (11,152) 8,848
Saintbury
-Reach		 2,000 (2,000)
STEP 49,582 (48,093) (1,489)
HALS 50,000 (43,368) 6,632
NHS Coventry —HIV/TB 790 30,000 (25,650) 5,140
Macmillan 302,777 (303,361) 584
CBSASS 50,000 (11,363) 38,637
CitA —Pension Wise 3,341 156,207 (151,197) 8,351
CBS Hardship Fund 40,950 (9,882) 31,068
Sue Darling
Hardship		 Fund 4,058 (1,326) 2,732
BSS 364 364
Cardinal
Ltd —Major		 Trauma 6,013 39,863 (41,799) 4,077
Help
in Crisis		 36,924 (24,429) 12,495
St Martin
in the Fields		 —FrontUne 3,619 33,796 (23,883) 13,532
CBSDebts 81,235 (77,108) 4,127
Big Lottery —BBOBreakthrough 49,729 (56,235) 6,506
Integration
1		 764,358 (764,791) 433
integration
2		 69,487 220,344 (219,975) (433) 69,423
CitA COL 15,000 15,000
Total restricted
funds		 264,389 2,004,610 (2,072,353) 33,183 229,829
Total funds 575,093 2,415,040 (2,456,212) 533,921

und descriptions und descriptions und descriptions und descriptions und descriptions und descriptions
Relocation reserve Funds set aside to manage
relocation ofoffices.
Restructuring reserve Funds
set aside
to
manage
staffing
restructure
due
to
changing
contracts.
CitA —MAS Funding
from the Money Advice Service for the provision
of
debt advice.
Nationwide - Reach Funding
from Nationwide
Building
Society to offer advice on
debt, budgeting,
housing
and benefits issues.
Eveson/ Saintbury Reach Grants towards
work with clients who have housing
issues.
STEP Grant
towards
working
with
clients
and
frontline
workers
to
reduce
fuel
poverty
and
increase
the energy
efficiency
of
people's homes.
HALS Grant
towards
access to early social welfare
and/or
family
legal
advice/
support,
to enable
users
to resolve
these
problems as early as possible or otherwise
supporl
litigants
in
person
through
their legal journey.
NHS - CCG/HIV TB Grant towards
provision ofoutreach services.
Macmillan Grant
towards
advice service
for cancer patients
and
their
families.
CBSASS Funding
from Coventry
Building Sodety to cover the costs of
additional
Advice
Session
Supervisor
and
to
manage
volunteers.
CitA —Pension Wise Grant
towards
the
Pension
Wise
Service,
to ensure
that
consumers
who
are
approaching
retirement
with
defined
contribution
pension
pots will be offered guidance
on how to
make
informed
and confident
decisions
on how to use their
contribution
savings
in retirement.
It Isdesigned
forthose over
the age of55.
CBS Hardship Funding
from Coventry
Building
Society to help
vulnerable
clients with Bankruptcy,
DRO and Emergency
support.
Sue Darling Hardship Fund Funding
to alleviate those in aggravated
need.
Cardinal Ltd —Major Trauma Funds towards the delivery ofSlgnpostlng
Partnership
Service
that aims
to facilitate access to advice
on matters
such as
welfare
benefits,
housing,
legal services and rehabilitation
to
Major Trauma Centre (MTC) patients
and/or
their families and
carers whilst
in hospital.
Help in Crisis Grant enables
the charity
to provide
practical
and emotional
support
to clients who are homeless
or vulnerably
housed.
The project is between
Coventry
Citizens
Advice and Valley
House.
St Martin in the Fields —Frontline Funds
to build
up a network
of housing
and homelessness
Network workers across the city,

2023 2022
f f
Net movement
for the		 year (41,172) 84,735
Interest receivable (2,290) (63)
(Increase)l decrease in debtors (97,482) (139,489)
(Decrease)/ increase in creditors and provisions (60,805) (29,178)
Net cash flow from operating activities (201,749) (83,995)