C(mpany Reglstration No. 2946921 {ErWand and Wales) Charity RegistratK)n No. 1039776 crrizENS ADVICE PORTSMOLrrH TRusfEES' REPORT AND FINANCIAL sfATEME FOR THE YEAR ENDED 31sr MARCH 2022 A81FMIAH' 22112r2022 COMPANIES HOLISE A16
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crrizENS ADVICE PORTSMOUTH CONTErirs OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 311t MARCH 2022 Ctharity Infomiation RetKxt (( Trustees IndeFerthnt Exafnirfs Repjrt Ststemt of Finanaal ktivib'es Balan ststement of Gish Hows io Notes to the FinarKial Ststements 11-19
CTfizEMS ADVICE PORTSMoiJfH CHARTfY INFORMATION FOR THE YEAR ENDED 31$1 MARCH 2022 TRusfEES: S NienaltOW5kn - Chair L Burton A QAlen R Eade R Emmer50n K Rithardx A St$ R Tow T Wathxmjh M Wade E Dumdow S Dhana T Little (aPFX)inted 28 September 2021) A Gilbert (arwnted 28 September 2021) P Wood {apwinted 12 April 2022) COMPANY SECRETNRY: K RidN3rdsrM) CHIEF OFFIR. Saw 8rBmley REGisfERED OFFI. Unit 2 & 3 Ark Royal Ho Winston Churth"Il Avenue Hampshire POI 2GF CHARrrY NUMBER.. 1039776 COMPANY NUMBER: 2946921 INDEPENDENT EXAMINER: Marcus Cndlarnl 6A(Hons) FCA tt Vevers LtLI artered Acc(Mmtsnts & Registered Auditors 65 East Street BridFQrt Dorset DT6 3LB BANKERS: Natiorol Wesiminster Bart PIC CMerCial BankJ'r¥J Bay House PtsMOUth Hampthre P06 4RS 9)UCoRs.. Bates Wells & Braithwoite apside House 138 (Trapgde London EC2V 6BB
REPORT OF THE TRUSTEES OF CITIZENS ADVICE PORTSMoufH FOR THE YEAR ENDED 31sr MARCH 2022 The Trustees, who are also Directors of the Charity the pwwses of the Companies Act. present thar rewjrt together wth the finanaa ststemerts of the Charity for the year ended 315t March 2022. The accounts have been pred in acCOrdar wth the accountirwJ wliaes set In the Thjtes to the accounts and comFAy with the Charity's govwning document, ap[Aicae law and the requirements of the ststement of Recommended practi aNAiGItrAe to thantie5 prepariThJ ts'r accounts in accordan with the Finanoal Reporting stard apIcatrIe in UK arKJ Republic of Irdand (FRS 102). The Trustees have paid due regard to the Ority ComMisOn s 9[dan on public bt in dld1Th the ath"wb"es undertaken by our local Otrens Ath. durir#J the year. The Tnjstees are sabsfied that t infomation provided in the report aThl attounts meets the wblic benefit reF¥Yt'rrfJ ro]virements. Objertives and Activities The Charitys objects are to promote any tharitstAe purp)se for trt pU1C benefit by the adVanceMt aTh provison of free (in most rAse5). independent. confithtial and impo inforniab'on and to people on their rights and respon%bilits"es wh'th enable the putrAic to have the knowledge and confidence they need to find a way forward whoever tlw are and whatever their wotlem may . Our service 15 desig to wk for a range of needs, induling th)5e with the mst complex Eyoblems to th)5e that are small, but equally important to that iThlividual. We so for the trefit of mUnIty of Portsmouth and the surrounding area, recognisng that dIvety, eqlIty and indusiM &e at the core of our objecbves is promoted. I members of the Otizens Nthce network shwe same aims.. To provide admce peoKle need for the proLlems fa To improve the policies and practices that affect peotle's lives Contributi¢)n ol Voluntee We recewe help supwrt in f(mi of Vnte5 WM) ryowde th., infomab.on and gUIdae to dients, but also contribute to various 0r asFrt5 of administenng the (harity. In 2021122 CAP benefited from the contributM)n of 40 volunteers au05s our seNces. reprv)enting a value of vdunteering of É171,357. Our conb.nual investment in vdunteer e)nent ersures our dients receve quality a(1 and support. It also has tsThyble benefits forvdunteers and der sooety. thmugh haptmer. healthier and more pr¢JJuth"ve otizens. This is an additional tefit to society, through lthe way Citizens Adm delivers it5 sermce. main finanoal arEnts cover public vaue CTeat& tfvough enat4ing local reork volunteers to: Move into through the ewierKe Conffidtt gal durir#J their time at a local Qtlzens Advice. Devdop th"Ils that can lead to better sakries emFknmert wospeds. Better manage mentsl health condib"ons. SLKh as derrnsion. Improve self-esteem, rede i9)latson aThJ Ireased ab.lty to get on. Improve COMMlty rdab.¢lt6, thrJ iroEaSed communty tsust and womote a sense of beI0J1ng by wothng Smth l¢xa e. Achievements and Perforniance In 2021122 alone, we supported 11,966 dients 46.526 a( i55ue5 afKI achieved the follon9 successes on th&"r behalf.. We sed finanaal gaIr of £3.6 nwllion tshrwgh WeOre tenefits and writt&Foff debts. Generated £IOO,000 of addib.onal irKome custom&5 aged 65+ Wrote off customer debts totslling over £3 million Completed 177 E4ue Badge apleaLs Athieved £35,600 in awards to indMdua15 from tharit*e trusts SuFForted 77 customers %Mth ffthtal health corKerns, avoidiThJ need for 5tattrtory health
REPORT OF THE TRIISTEES OF CtrIzENS ADVICE PORTSMOiml FOR THE YEAR ENDED 31- MARCH 2022 Provided 95 cuSt¢rS with at-me support after tw'tal dsthargei preveniing lorg-te hospitsl stays Helped 4,753 wstomers access implrt firwLial 5elfrfnanagernent 5trdtegies, budding resilience and independefKe. We SLVPXJrted indiwduas and fanilies at greatest risk (Thsis. 50% had a dbIlity andlor bng-tem Tr31th coThlits"on 1,221 needed assistarKes wlh (1 debts or energy-rekated consumer problems 41% of oJstc¥nws wth mental health wot4uns asked for hdp wth emF4oyment issues. Our support also redLKed lorlIn aryl 15dati. 1(kn shows that we imtxove customer wellbeing with every contart. nally we are tOud to say that In 2021122 93% of ojsbrn rat&J our erall sutwjrt as good or exollent Factors Affecting the Athlevemffit of Objertives In 2021122 we tsced the thallen9e of orgoir#J coD-19 paThYeiC and stsrted to see the impart of the Cost-of-living uisi& The numIr ofdients sought SUpt from our increased month on month which resulted in a need to conb"nuou irKTease the provison of ad. in both capaoty and scope. This was athieved through an irfftase in our VOIrteer aThJ sCessf trA'ds for additional funded 5erwce5, we dso scaled up our crisis surwrt In 2021122 we cortinLd to fa diffialties of mt r¥j PortTh)uth Oty Councils funded generalist advi service. We rain orE of the only Qts'zens Ath wtres in the county thot 15 rK)t funded to provide a generalist adm.ce sermce. De5te tlis tr pey)FAe of Portsmouth still (h)ose to come to Otizens Advice as it is an expert brarKI recognise trust. We cannot people in need away, it 15 our duty to ensure they do not Suffer a dekn'ment. In addition. we must tonsider the damage our excdIt reputab'on wo Sustsin if we did tum peoFle away. so we continue to ddiver an unfvnded gerEralist athce seThice ugng OL>r vOlteerS. We are proud to have supported over 50°A of the aoknce demand in the cty in 2021122. even withoui funding. However, funding from our reserves is not sustainable in the long lemi. AAhough we a dediced and committed lo serving those who need help in these diff¢uh limes and wll always do our best going forward, our outstanding unfunde(l adwce achievements in 2021122 should set a challenge to other generously funded services to meet the evergrmng demand. All these achievements are due lo our exemplary leadershp and the commitment and expertise of our Team members who are so dedicated lo the c*¥"ectives of the OTganisats"on. Finanoal Review Financial Position The trustees report inconiThJ rexrceS for the year of £876,072 (2021 Eg)5,103). of this £805.869 (2021 £879,022) rdated to projett resbitted actibities. The ttrity does not carry out any sigrNficant publi fundraising ath"Mties. Net expenditure in year oUnted to £96,410 (2021 rt irKomiThJ rV3oUr of£104,329). At 31st March 2022 reseNes were £360.776 of which £76.777 rewesented restrirted funds. It is the policy of the tharity that unrestricted funds wFll(h are not represented ty fixed assets or have not been designated for a speofic use sFMxld Ix maintain&1 at a levd equiwdlent to betwe 3- and 6-month s expenditure. The trustees cor6ider that reseNes at this ILwel w711 ensure that. in the event of a signbflcant drop in funth'rrfj, they will be able to rrtJe the tharity'5 ajrrent artiwties while considerati( is given to
REPORT OF THE TRusfEES OF CITIZENS ADVICE PORTSMOWH FOR THE YEAR ENDED 31V NARCH 2022 ways in which additional funds May rased. reserve5 at 31st Marth 2022 stood at £283,999, which is comfortstly wthin this range. Sour In 2013, the charfty entered into a loan agreement wth POrt5[uth Qty Counol in order to distharge a Ilability to the L(1 Govemment Pe"On &heme. Tr bae of thi5 loan 15 repayatde over the next 3 years at £6,000 pw annum. The charity has £230.000 investal in fix&J term irter& eaming major finanaal institution> Future Plans Our focus as we move into 2022123 wll be to furMI our gerer31ist a(fvice servi. the continue(1 development of first sooal enterSe, with which we gerate a sustainaLle fw)ding stream forourimmigr3n adm work We also aim to inuease our SFecialist offering. StruCre, GoVernCe and Management The tharity is a company limited by guarantee aThJ was fomied on 8th July 1994. It is governed by its MemoroThJum aThJ A'deS of Association as amermknl on 5th November 2002, and 4th November 2011. The name of the charity was fom)ally tharKJed Irom Portsmouth O"ts"zen's Ad Bureau to Gtlzens Ath Portsmouth on 19th DeTrr 2017 to refie(t name that charity is Usually krwn by. Tnjstees are eletted from the meM11p cl ttE ttrity. MefflbeY5 Ishirj to stsnd as Trustees are Th)Minatj by an existr'ng Trustee Thames are put foNard at the Annual General Meeting for elecbon. maximum ntsmr of TnJstees shall IS and Ihe miThmum shall be 3, 1r¥j either a) elected at t Annual General Meebng (tse teing Tr) more than ten such eietted Trustees in totsl) and who shall hjld Offi from the corKj1On of that rne&"r#J' Or b) Co-opted by the Trustee Board The Trustees who Seed during the year a listed on page l. Newly appointed Trustees a prowded with a C(¥nteherSIve inducti7 to tharity through the provision of training courses and mentorirwj by eSlatAis Trustees. In addition to Trustees. the Charity mty a(knit into memtrrythp: a) individuals (over age of 18 years) who are interested in furtheriffj the work of the tharity who are not ld or volunteer Nw)rkers of the Charity: and b) any body COTrate or unintorrnted asso(iab'rm whith is intffe5ted in furthetirKJ the tharity's work and is admitted to memberth"p by the Trustees (any t)dy lThJ called a "member organisaoon?. The Trustee Board may estsblish criten"a for aThl make regulations goveming the adnlssion of MeMr$. Structure Overall control of the dN4rity rests the Trustee i*xrd. ryth a thairFerson. trea5wer and company seuetary as offiors. Trustees mtrt as a minimum 4 b.mes a year (quarterly) tt review aThJ meet as required with addib.ona meetiros organised in accordartt the company arlides. The Trustees delegate day-to- day organi5ab.onal management to the Chief offir. The Trustee &)ard is iThdeperMJent from management A register of member5. interests Is maints1 at the r8Jistered Offi aFxI is aVailae to the
REPORT OF THE TRusfEES OF CttlZENS ADVICE PORTSMoirrH FOR THE YEAR ENDEO 31sf MARCH 2022 Re tizens Ad Portsmouth is an iThlepeThlent d"ty that is a member of O"tizens Adwce ltradirKJ name of the National Assooakn"on of O"b"zens Athce), which wovides a framework ft)r standards of adw.ce and casewotk managellEnt as wdl as monitoring progr ag&nst these stsndards. Crating lIaeS are independently detemiined by Ihe Trustee Board of cits.zws Advice P(tsmouth in order to fulfil its charitsble objerts and compty with the nats'onal membwship requirents. tharity operaes from its office at Atk Roya Fknus& This year the trustees have remewed th•r aFvoth to risk fforOgwt by devdoFirg a rEw evolwng frameworK defirEd risk appetstes held risk idenbfication v40rsW: alig to ¢Xirity Commissions 'Charities and risk markigameny gL•¢Ja primary nsk remans in lation to DepartMt for Work arKI pon$ (DWP) 5eNces (Hejp to Claim and Money Advice) maintaining furKliThJ levels wffiaent to meet demand. This risk ha5 inueased year on year in part dLE to 50(ietal (hanges and increasiw demands on seNce ddivwy. Mitigation t4ans remain in place afKI are regulady reviewed; iluding the continLiry move toward divergfiob'on of Servi ¥ich has resulted in our Business Devdopment Manager t#)SIts¢ beiro made pemianent this year. otin5 Adwce POrtSnuth are reSpolirJ to the riths aOated gxieta (hallenges and increagng rds, most [K)tsv in resptt to debt and m1 health cor$ through direct advi an¢J collaboration with partners across the oty. ststement of TNstees' Responsibilitie5 Company law requires the trustees to prepare finanoal ststements for each finanoal year whith give a true and fair wew of the state of affairs of the charity and of the finarKial Kbvities of charity f that pericJ. In preparing those financizj ststrnts. the I)ee5 are required to: selert simtrtle accounting l(]eS and kn aF(Ay t1 lstendY observe the methods aThl lore5 in Charities Ch3rity Commisgons Ststement of Recommended practi (SORP): make JLKlgements and estimates that are reable arNI pnjdent. stste whether the pc4i0es adopted are in accordare the Companies Art 2006 and wbth applicaile accounting starrfdards and strtements of recommended pracb"ce, subject to any material departures disdosed explained in the finarKial ststemerts: and prepa the financial ststements on goirJ corKun bag5 unless it is inappropriate to presume that the company will continue in txjsines The trust&s are responble for keering woperacc(wJntin9 records whKh disdose with reasonaLle acY at any time the finanoal position of the tharity arnl enables them to ensure that the financial statements omply %¥lth the Companies Act 2006. Try are also ressymsitle for lSurIng that the company maintains an adequate system of intemal control deggned to provide reasonable assuran that assets are safeguarded against l¢)ss or aUthOrISed use and to INt atNI detect fraud and other legUlarltie
REPORT OF THE ThiISTEES OF CITIZENS ADVICE PORTSMOUTH FOR THE YEAR ENDED 31sf MARCH 2022 Independent Examlner The ldependente¥amlrW, mara Cridlaryl of Scott Vever5 Ltd Ihis ewe5s8J wifirwe5S to tinue In offke for hi5 rtrappoIntMt be at the Annual General Meeting. Thb5 rqjort has in with the small conpanles, wme uTrJer the Compantes Art 2006. S N5W)altokJ Trustee Date: .1,4.-
INDEPENDEr EXAMINER'S REPORT FOR CITIZENS ADVICE PORTSMoimi FOR THE YEAR ENDED 31sf MARCH 2022 L report on the accounts of the comtkiny fy the year ed 31st March 2022. which are set out on pages 8tol9, Responsibilities and basis of report As the charity tnjstees of the coMnY a150 its (h'rertor5 f wrpJse5 of company law) you are responsitrAe for the preparati of the acCOts in 0rdarte Mth the requireffthts of the Companits Act 2006 Cthe 2006 Art). Hawng satisfied myself that the accounts of the compJry are not reqd to be audited under Part 16 of the 2tN]6 Act and are eligible for indepJe¥1t examinab"on, I reFrfyt in respett of my examinats.on of your company's aCCOLnts as carried out uryler section 145 of the tharities Act 2011 Cthe 2011 Act?. In carrying OLrt my examinatKJn I haveftAlowed the Directi$ given ty the CuThTh55ron uTrJer section 145(5){b) ofttE 2011 Act. Indepdent eMIne5 statement sn the company's gr[)55 income exceeded É250,000 your examiner must be a memter of a iK)dy listed in section 145 of the 2011 ACL I confimi that l am qualified to ulertake examinats'on because l am a member of The Institute of 0rtered Accountsnts in EThJland and Wales. %•thich is one of the listed bodie5. I have completed my examination. I confirm that matters have come to my attention in connection with the eXwn1nan giviThJ me tsuse to bdieve that in any materbal restkxt: ccounts'ng records were not kept in respert of the compary as required by section 386 of the 2006 the accounts do ?Ord wth ttK)se records: or 3. the accounts do not comply with the attounb.ng wuireffrts of Sb"an 396 of the 2006 Art other than any requrement that accounts give a and fair view, vthich is mt a matter considered as part of an Indedent examinalion: the occounts have not been prepared in rnrdarKe with the met5 and prinaptes of the Statement of RecommeiKled Practice for accountirvj arKI repjrtiry by (harities appliG3ble to tharities preparing their CoUnts in accordance with the financial Rep)"n9 Stand¥d alcae in the UK and Reputdit of IrekiThJ (FRS 102). I have no conceJrs and have tome a(TOSS other matters in conrttion with the examination to whith attention should be drawn in this rert in order to aLle a prow uThJerstsndThJ of the accounts to be reathed. Marcus Cridland BA(Hor6) FCA ott Vevers Ltd Chartered Accountsrts & Registered ALMJitors 65 East Street BridFK)rt ()or5et DT6 6LB Date: 19 IILIzi
NS ADVICE PORTSMOUTH TEMENT O IALA FORT ES OM MARCH 2022 AR Total 2022 Totsl 2021 nds nds Income and endowments from: t)onations and legaoes 9.262 9,262 9,381 Charitat4e artivities (1,639) 865,869 864,230 892,824 Other tr&Jlng athvltles: Fund raising events Investment income (Bank interest) 2.580 2,580 2,898 Total income 865,869 876,072 905 103 Expendire on: Raising funds CharitatAe activities 8.534 963,948 972,482 800,774 Total eJperMJitu 963,948 972,482 800 774 Net income 1,669 {98.079) (96,410) 104,329 Gross transftrs tetween fvn(ts (61.553) 61.553 Net movement in fuThls (59.884) (36,526) (96,410) 104,329 Reconciliation of funds Total funds at Lst Apn'l 2021 343,883 113,303 457,186 352,857 Tntal fidS at 31st March 2022 283,999 76.777 360 776 457 186 AJI amounts derive from continuing activity'e& I gains and lasses recc*JnisoJ in the Fericrfj are indj1 in the statement of financial Ktiwtie& The notes ¢)n F4iges 11 to 19 fcm wt of these financial ststements
ENS ADVICE PORTSMOUT BALANCE SHEEr AT3 RCN 2022 2021 Flxed Assets Tar¥Jlbte assets Current assets Debtors Cash at bank arKI In hand 26,455 383,715 35,450 465,851 410,170 501JOi Credltors: Arnounts falling due within one year Net cufrent assets 366.776 469,186 Total assets less current liabilitles 366.776 469,186 Credltors: Amounts falllng after more than one year io (6,000) (12,(KKJ) 457 186 The fvnds of the charlty: Restrlcted Income futs 76,777 113,303 UnrthC Income fd$. -Qther-&irttèb funds li 283,999 343,883 Totsl charity fvnds The compaFty Is enotled to exwnptkn from au(lit under st)n 477 of the CnIeS kt 2006 for the year ended 31st Mard) 2022. The members have not requlred the compry to obtan an at of Its flnarKAal statefflts the ypar ded 31st March 2022 In cOrdan wlth Sectlon 476 of the Compans Art 21X)6. The dlrector5 thowbjge thelr responbIlItIeS for C(wnPry wth tre of the Act vlth respeLt to accounb.ng records and the preparatyon of acoxmts. These financd slalernents have been in accordance Trth th• provisions applubk lo companies subj'ed lo tho smgif ¢onyanio$ regime under the Companies Ad 26. The Finantlal staternents were aprroved by ........... ....... .................. S NleTh3ltowskJ - Twstee The Mte5 on pages 11 to 19 form part of Ihese fin)1 state[ts
MENr o ASAT MARCH 202 ws 2022 2021 C45h flow from operating activities 15 (78,716) 112,205 Cash flow from investing activitles Interest received 2,580 2,898 Net cash flow from investing activitles (76.136) 115.103 Cash flow from financing artivities Repayment of long t•Jm loans (6.0001 (6.(KJO) Net incrnase l (decrease) in cash and cash equivalents (82.136) 109,103 Cash and cash equivalents at 1st April 2021 465.851 356,748 Cash and cash equivalents at 3tst March 2022 383,715 465,851 The note5 on pages 11 to 19 frym part d the financial 5tstements ID
l General information Citi2ens Advice P(tsmouth is a crmpany. limited by guarantee. incorrKated in England and Wales under the Companies Act 2006 and Charities Act 2011. The address of the registered office is promded in Reference nd adminiwative details. Details of the tharity s 0[erati$ are promded in the Report of the Trustees. Accounting poliaes The prinopal accounts.ng plOeS adopted. judgements and key sources of estimation unwtsinty in the preparation of the financial ststements are a5 fdlows.. 1.1 Basis of preparatio The charity constitutes a public benefit enty.ty as defined ty FRS 102. The financial ststements are prepared under the hbstorlcal cost Cffiyb.{Y1 and in accLYdance with Accounting and Reporting by Charibes: ststement of R0MMended PraLtce apF4icaÈ4e to charities Ffeparing their accounts in accordance with the Financial ReFKJrtir#J Standard aPFlicatAe in the UK and Republic of Ireland (FRS 102) - (Charities SORP (FRS 102)), the Flnanoal Repyting Stsndard awlicae in the UK and RewLlic of Ireland IFRS 102) and the Companies Att 26. The aCCnts indude the rlts of the tharity's orvaticffts which we described irb the TnJstees' Rep all of which are continuing. 1.2 Income Income from donations and grants. Iluding capitsl gants is iluded in incoming reg)urces wh&) the amount can t quanbfied reasonable acojracy except as fcrflows.. When dorr5 swfy that donaticrs and grants given to the charity must in future accwnting periods. the income is deferred until those twcKIs. When donors impose ccnditr"s which have to be fvlfilled Ixfore the tharity becomes ents.ded to use such income. the income is deferred and not indLxied in irKOmiThJ resour until the prOndItIonS for use have teen me When donors sFeofy that d(ati$ aThJ grants. including caF¥tal grants, are fc particular restricted rpDses, which do not amount to prcondits"ons regarding entitEemenL this inccKne 15 included in incoming resources of restricted funds vthen reCeiVate. Grant dawbacks are deducted from irKoming resour rf they occur in the same accounting FericKJ. Grant clawbacks made in wbw]uent accjnting pICK are Shown as WtgciThJ resources in preftrence to negative income. Gifts and services in kn.nd are induded at their estimated ¢w market valuation. 1.3 Expenditure Expenditure 15 induded when incurr. Costs vthich are identr.fied as rdatsng to re5tritted activities are Ilocated directly to those activttie& Costs wthi(h rdate to the gLwèl running of the trvJreau are allocated against unrestriLted funds. and wthin the statement d finanaal athkn"e5 these expuw are shown as cost of advi50ry servi, 5UPPOrt costs and govemance costs. Governance costs are those relating to the charfty's compliance with constituti¢J)al and ststutcry requirement& Irrecoverable VAT Is allc(ated to the endIture heading to wthich it relate5. 1.4 Tangible fixed assets and depreciation Tangible fixed assets cosb.ng me than £500 are (apitsllwj at cost. Deplation is provid&J at rate5 calculated to write off the cost less estimattsl redual value of eath asset over its expected usefijl life, as follows.. Leasehdd IMFfoVemts 20% straight line 33% straight line Fixtures, fitting and eNuiprnent li
Accounting lIcIeS (qxxrtinued) 1.5 Designated funds Designated funds are allLtated out c¢ unrestrict&J fuThts by the trustees for yofic wrp)ses. The use of such funds 15 at the trustees. dixretion. 1.6 Restricted funds Restricted funds a funds sUb}t to specific 0diti(S IM[ ty doncxs as to how they may te used. The purposes and use5 of the re51ricted funds are set out in note 12 to the acCnts. 2 Donations and legacies Unrestricted Re5tn ftjnds Total 2022 Toral 2021 D(mations and gifts Dcnated services and fac1"eS 262 9,000 262 9,000 381 9,000 9,381 2021 C¥natkns andgift5 Donat&ls8vlces andfaallt$ 381 381 9.381 Portsmouth Oty Council wowdes the premises at Portsmcyjth from whith the thartty OTateS at a reduced rent. The assistsnce for the year has valu&J at £9.00012021 £9.C(JO). 12
3 Income from tharitsble arti¥ities ureStrKted Restricted funds fvnds Totsl 2022 Totsl 2021 Provision of advisory servi Acce to Justice Amied Forces C1C EAP Equipment ReF4acement Fuel Bank Foundation Hive HIWCF Home & Well Immigration Innovation Community Kid( Stsrt Legal Aid Macrnillan Hampshlre MaPS Mtal Health ASK National Lottery Communty NHS Portsm(yJth CCG P&W Tnjst PBSA PCC Appeals serwce Remote Wolknng EqUipMt &Jicide Prevthtt( U Beneflt Universal credit VIVID Other income 40,1100 17,213 30.645 6.lJ)D 5.970 9.750 30,645 5,970 9.750 26,341 3,B55 11,022 37,511 25,iXIO 50.256 20,018 50,256 20,018 20.254 20.254 65,461 477.430 65,461 477.430 66,147 383,411 13,000 8,550 17,880 17.880 17,880 24,857 6,666 9,900 8,500 20,897 145,132 7,200 13,802 10.000 io.ocK) 149.205 149,205 {1.639) (1,639) 864,230 892,824
3 Income from tharltable activities (continued) 2021 2021 HIWCF - Hardship grants HIWCF- KWKW Macmillan Portsmouth Primary Care Trust CitA F2F Henry Smith Charity Access to JLth"ce Armed Forces 3.855 3.855 66,147 17,880 383,411 66.147 17.880 383,411 40,000 17,213 5,940 26,341 25,000 13,000 8,500 8.550 9.900 20,897 7.20D 37.511 17,213 EAP Fuel Bank Foundation Innovation Community Mental Health ASK Nati(al Emergency Fund Nati31 Lottery Remote Working EqUipMt U Benefit VIVID Immigration Transition SUPFtyJrt Universal uedit 26,341 25.0 13,¢Y)O ,500 8,550 9,9(M) 20.897 7.2(M) 37,511 145,132 24,857 11,022 145.132 24,857 11.022 Home & Wdl P&W Trust PCC ApFea15 service Hive Other income 6,666 6,666 13.802 13,802 13,802 879,022 892,824 4 Cl5 of raising funds 2022 2021 CcSU1nCY 5 Expenditure- Charitable Activitses Charitalje Actiwti£s Supwrt . Totsl 2022 Totsl 2021 Nattral daS9fi(ati:" Staff costs (induding travel and training) Office costs Premises costs Oisbursements Depreaation 781,548 66,149 62.832 847,697 62,832 35.989 20,424 671,539 55,379 34,203 34.280 35.989 20.424 staff costs Professional fees Indertndent examinati( fee AGM expenses 3,482 3,482 3,528 2,058 2,058 1,845 14
5 Expenditure - Charitable Activitses (continued) SuA¥xyt Totol 2021 Act5 2021 Naturald0fic8ts0n.._ Staff costs [ii7cluding tsvdondtrairnw) 566.176 105.363 671,539 55,379 34.203 34,380 34,203 34.280 Dewecmt Stsff costs 3.528 1.845 J,845 6 Employee costs No trustees received remuneration thJring the year (2021 £nil). No exFense5 wue rnbursed to trustee5 In the year (2021 £Th1). The costs of the remaining staff were: 2022 2021 Wages and salaries Social security costs Pension costs 772,365 61.682 11,883 607,163 43,414 9,293 845,930 659 870 No employee eamed more than £60,(MXI during the tEric(l. Tr average ftjll time equivalent number of staff emp4oyed by the charity during the yeèr was as follows: 2022 2021 No Average full time equivaknt numtw of staff emF*I average nuMtr of staff emFloyed {HeacktyJnt) 7 Tangible fixed a55ets FUres, fittings & equipment Total Cost At 1st April 2021 and 31st Mard) 2022 Depredation At 1st April 2021 Charge for the year At 31st March 2022 71.596 71.596 Net th)ok value At 31st March 2022 At 31st Marth 2021 Is
8 Debtors 2022 2021 Opuatiwal deLtors Prepayments and accnjed irKome 26,386 69 26.455 3,620 31,830 35,450 9 credito amounts falling due within one year 2022 2021 Repayments due on loan from POrtsth Oty Council Other creditors ial security arxl other tsxes kcruals 6,000 2.725 15,488 19,181 43,394 6,000 9,917 14,140 2,058 32,115 10 Creditors: amounts falling after more than one year 2022 2021 PcfftsmoLrth Oty Counol loan: Amounts repay3trAe in one to two years Amounts repayat4e in tv to five year5 6,000 6,000 6,000 12,000 6,000 In April 2013. the reaU rerVed a loan from p(Ktsn fjty CIKIlI to finance the exit charge from the Local Govemment Pen&on Scheme. The loan is securtsj by a floab.ng charge over the assets of the Bureau. 11 Unrestricted Funds Net Incoming Re5fricLed Designated Balan at Fund Fund 31 March Transfers Transfer5 2022 IAWI 2021 0gnated Fthjs Lease commitments (8,000) 8,000 18.000) 8,000 other charitsble funds 1.669 1.669 343.883 61.553 2021 132.LW) (J2.LW) 295377 335.377 335883 343.883 9.013 The trustees have transferred the value of prr¥vty lease commitments to a separate designated reserve. L6
12 Restrlcted Funds The income funds d the charity Ind restricted fvnds C[lS1j the following unexpend8J bèlances of donations and grants hekl C trust fv SifiC purpk)ses: Balan at Incoming ReUrceS Tranr5 rexrte5 exrEnded Balance at 31 March 2022 2021 Access to Justice Armed Forces civtc EAP Equipment Re[lament Fuel Bank Foundakn"on Hive HIWCF Home & Well Immigration Innovation Communty Kick Start Legal Aid Macmillan Hampshlre MaPS Memtsl Health ASK National Lottery Community NHS PortsffK)ulh CCG P&W Trust 18,529 (1,699) 18,529 20,760 593 5.325 9.750 30.645 6.ofM) 5,970 9.750 8,186 5,407 (1,246) 601 (772) (1,460) 2,720 (720) 18,317 13,752 772 1.016 524 2,316 50.256 20,018 57.542 55.408 13,752 32.650 3.025 77.662 478,911 5.553 8,006 17,073 20.254 12,3% 3,025 17,419 (5,218) 45,601 6,5C4) 65,461 477,430 44,120 947 17.880 18,156 588 1929) (1.304) 132) 1.989 929 1,304 32 (4) PCC Appeals semce Remote Working Equipnt Suicide PrevtiOn U Benefit Universal cretht VEVID 1,985 3,920 3,656 155,Otl0 311 10,0 6,080 3,656 14,444 311 149.205 8,609 113.303 865.869 963,948 61,553 2021 HJWCF. Keep warm keep fvsellgran HIWCF. Hardthipgrants Macmillan Hampshire CitA F2F Home & Well Hive NHS Port5rnth CCG Acce55 to Ju5tKe 915 (145) 2,865 <5.218) 45,601 (720) (1,460) 864 18,529 {1,699J (1,246) (772) 3.855 66,147 383,411 11,022 1.690 66,20J 347.350 11.729 1460 17.016 21.47J 17,016 7.186 27,113 11.248 (5,164) 9,540 (13) 17,880 (1.8AfJ EAP Fuel 8ank Foundat Innoyatth Community Nental Health ASK 25.LP70 34 473 Natnal Lottery Commurrity Remote Working Equipnwt 7.911 J7,241 1,989 3,656 311 VIVID Jmmwat P&W Trust PCCAppeals Univer5o1cr&*t 7.2L 37.511 14,873 (929) (2.305) 759 4.393 131,447 (32) 14.444 (J.304) 145J32 24.857 17
17.480 879.022 783,7LiS 507 113,303 12 ResthrtFunds (contlnuedj Grants were rec•ved from Hampshire and 14e of Wight Communty Foundation to fund grants payable to families in need and under the "Keep Wam Keep Wdl" scheme. Funds were received from Cibzens Ad Hampshire in partnuship Macmillan Canr Support to Fovide a srecialist service for pw4e affected by (ancer. thLyr families arKI carers, liwng in Hampshire. Users benefit from access to the fvll ranqe of CAP advice. NHS Pcrtsmouth CCG funds were use to cover the cost of a project V40rker, offering l)ome visits for debt and generalist advi fo families with children underwng palliative care. Funds are received from Otizen5 thce for the ddivery of mcyy advice and univffsal credit VICe Servi$. Funds are recavoj from Citizens Advice Hampshire for the ¢ivery of dedicated infom)ation. advice and suFwrt to memEers of the Amed Forces Community. Funds were received from the Red Cross to fund our stl311st immigration aifvice seNth. Home & Well was recaved from Citizens thce Hampshire to FIde an advisor for è Hampshir*wide service ihat aims to addr the impact of cdd home5, rgjuce watw usage a1 bills followir4J discharge from Access to Justlce was recefved from the Community justi Fund to imEYove access to athice particularly In relation to Welfare Benefits and EmrIoymt wiaist athce wvice EAP wa5 receoved from Otr"zen s athice the ddivwy of energy admse setmces. Fuel Bank FoUrK1ati wa5 re1V1 from the fvd bk f¢undatiC for a prO)t to reSpd to fuel poverty. Funds we receNed from the Innovati Community Fund proviSMXb of tsolities to wable nN)te access to advisers from our office5 Ma video. Mental Health Ask was recoved from the Nati(1 Lottery Community to run a 10t projert on mitigating the Ilnks tets•4een mtal health and debL Southam#on City cow1 prOded B Suiode Service to Ihe wtrAic. Cits Technole4Jy Fund prowded ihe funding to reF4ace c4d eqUipML Ick Stsrt funds were recehved frNn Otizens Advice HaM[th. to sutp)rt the emF4oyment cost. U BFrfIt was recv1 from O"b"zens Adw"ce Hampthire for a EYoJeLt to a sdution to mitigate the Covid19 Debt crisis with this pro[1 called the 'UBenefit Proj& alm1 at daimants to &5tabiish when they approach Gtizens Advice. Job Centre Flus the Hampshi County CcAJncil Cnsis Une for the first time, if they have levels of C¢ern over their debt gtuab"en. Fund5 wwe rKeived from wid Homes and Radi HLKne5 for the provisi¢M of a housing advisor. MAPS funding was received from Otizens Hampshire to SUpt the FTrision of advi service to the public. This congsted faCfrto-fa. web and telone sessi(s. The Sooal Deveiopynent Fund was recaved from HIVE for the wowgon of small grants to clients in need.
13 Analysis of net assets between funds Totsl funds funds funds Tangible fixed assets Current Assets CreditCKs.' arnOts falling due within one year Creditors: Amwnts falling after nvye than one ye¢ 333.393 76.777 410,170 (43.394) 6,0 283,999 (43,394) 6,000 360,776 76.777 2021 Tanglble fixedasts CurrentA55ets Creditors.. amounts tslliw &wtthn e yeor Creditors.. Amounts falling afternx¥e than t? yea 387,9Aq (32.115) 113,303 501,301 132,115) 343.883 113,303 457 186 14 Capltal Commitments As at 31 March 2022 the company had fubJre rr4nimum lease commitments as folk)ws: Land and buildings 2022 2021 Not later than l year Later than l year and not latu th 5 years 8,000 4,LKJO 4,(KJO 8,000 15 Reconciliation of net income l {expenditure) to net cash Ilow from operating activities 2022 2021 Net income l (expenditure) f¢Y the year {96,410) 104.329 Interest receNatAe Depreciation and irnpairment of taThJiLle fixed assets (le35e) / decrease in debtors Increase l (decrease) in ¢yedit5 12.5801 12,8981 8.995 11.279 4,51Jil 6,186 Net cash flow from owating actiwties 78,716 112,205 16 financial instruments Categorisation of fina&31 inStrumts 2022 2021 Financial assets Ihat are debt instrument measurgj at am(rtised cost 410.101 469,47L 410,101 Financial liabilities measured at am¢xtised cost 49.394 44,115 49,394 Items of Income. expensey gains or loss The totsl interest income for finanoal assets not rrtasured at fair value through profit loss is £2,580 (2021: £2,898) 19