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|Contents||||
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||||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|||
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|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||||
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|||||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|
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|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|
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|||||||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|
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|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|
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|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|
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|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|||
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|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|
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|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,|
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||||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)|
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