2022-03-31-accounts - Wandsworth Citizens Advice Bureaux Limited

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			Page
Reporl of	the Trustees		1-11
Auditors'	report		12-15
Statement	offinancial	activities
Balance sheet			17
Statement	of cashflow		16
Notes to the financial statements			19-36

Luc Harmer			Chair					A	ointed	1 November	2015
Jonathan Mo ford			De ut	Chair				A	ointed	25 Jul 2018
Ben Dulieu								A	ointed	21 November	2018
Gu Conwa								A	ointed	23 November	2016
Susan Marshall								A	ointed	23 November	2016
D lan Brooks								A	ointed	21 November	2018
Lauren Beth lannarone								A	ointed	28 Jul 2020
Kalai Chau			Treasurer					A	ointed	28 July 2020
Sumathi Nara	anan	Menon						A	ointed	28 Jul 2020
Susan Jane Wixley								Ap	ointed	28 Jul 2020
Retired Trustees
Ga nor Nuimata			Trustee					Deceased		13Au ust 2020
James S bo			Dc ut	Choir				Retired 7		December 2020
Makoto Takano			Treasurer					Retired 7		December 2020
Senior staff
Mar -Ann I oxwell			Chief Executive
Hannah-Leigh	Morgan		Office Mana		er	and Com	an	Secreta
Harriet Plows			Head of Pro ects
Tom Se urola			Head ofService
Bankers			Barclays	Bank	pic					CAF Bank
			83Wandsworth			High Street				25 Kings Hill	Avenue
			London	SW182PR						Kings Hill, West Mailing
										Kent ME194JQ
Auditor			Hartley	Fowler	LLP
			4th Floor Tuition			House
			27/37 St George's Road
			London	SW194EU

For the ear	ended 31 March	2022
		Note	Restncted F	Unrestricted f	2022f	2021f
Income
Donations				766	766	695
Charitable activities: advice and			1,025,500	680,155	1,705,655	1,533,793
Other trading activities				9,527	9,527
Investments				1,760	1,760	2,820
Total incoming	resources		1,025,500	692,208	1,717,708	1,537.308
Expenditure
Raising funds				(25,507)	(25,507)	(19,338)
Charitable acliwties			(1.010,565)	(636,320)	(1,646,885)	(1,452,292)
Total expenditure			~1.th0.585	~861.82	~1,672,392	~(1,4 1, 0
Net income			14,935	30,381	45,316	65,678
Actuarial gains	ii (losses) on defined			9,765	9,765	(31,925)
benefit pension scheme
Net movement	in funds		14,935	40. 4	55001	3. 53
Reconciliation	offunds
Funds brought	forward at 1 April 2021			421,505	421,505	387,752
Funds carried	forward at 31 Starch	2022	14,935	461,651	476686	421,505

As at 31 March 20	22
					2022	2021
				Note	f
Fixed assets
Tangible fixed assets				12	22,554	35,471
					22,564	35,471
Current assets
Debtors				13	162,853	76,059
Short.term deposits					403,702	315,905
Cash atbaok aod instand					331,713	572.105
					898,268	964,059
Creditors. amounts falling		due within one year		14	(343,849)	(460,463)
Net current assets					554,619	503,586
Total assets less current		liabilities			577,173	539,057
Creditors. amounts falling		due after one year		14	(7,200)	(14,400)
Net assets excluding	pension		liability		569,973	524,657
Provisions for liabilities		and charges
Defined benefit pension	scheme		liability	15	(93,387)	(103,152)
Net assets					426,586	421,565
Funds of the Charity
Restncted funds					14,935
Unrestricted funds Pension reserve					555,038 ~53,382	524,657 ~353.352
Total Charity funds				17	476,686	421,505

Fo	r the ear ended 3		1 March 202	2
						2022	2021
					Note	E	E
Cash flows from operating			activities
Net	cash used in operabng		activities			(154,355)	370,577
Cash flows from investing			activities
Interest from investments						1,760	2,820
Purchase of property, plant			and equipment				(15,423)
Cash placed in short-term deposits						(87,797)	(3,305)
Net	cash used in investing		activities			~64.4377	~775,926
Change in cash and cash			equivalents			~24D392	354669
Cash and cash equivalent Cash and cash equivalent		in the beginning at the end of		ofthe year the year		572,105 ~73	217,436 ~72,105
Notes to the cash flow statement
A	Reconciliation of net income to net cash flow from				operating	activities
						2022	2021
						E	E
	Net income for the reporting period					45,316	65,678
	Adjustments for:
	Depreciation					12,917	24,421
	(Increase) Idecrease		in debtors			(85,794)	54,376
	(Decrease) / increase		in creditors			(124,034)	225,922
	Bank interest receivable					(1,760)	(2,820)
	Net cash provided by operating activities					~~1~II	370,577
B	Analysis ofshort-term	deposits
						2022	2021
							E.
	Short-term deposits at		beginning ofyear			315,905	312,800
	Movement					87,797	3,305
	Short-term deposits at		end ofyear			4D37D2	31,35,935

4.	Income from charitable	acti	vities
					Restncted	Unrestricted	2022	2021
					E	f.		f
	Grants and contracts for advice			and advocacy
	Wandsworth Borough Council					537,452	537,452	540,738
	Macmillan Cancer Care				191,425		191,425	187,263
	Trust For London							27,652
	Big Lottery Fund - HTC				143,329		143,329	147,849
	Roehampton Community	Capacity				60,000	60,000	60,000
	Wandle CCG				73,250		73,250	73,250
	Battersea CCG				28,734		28,734	28,733
	West Wandsworth CCG				29,360		29,360	29.360
	Social Prescribing				6,000		6,000
	Roehampton University.	Student		Vole		14,000	14,000	14,000
	The London Community				18,000		18,000	2,116
	City Bridge Trust				47,260		47,260
	Major Trauma Advice				27,707		27,707	16,680
	Earlsfield - Foodbank				13,000		13,000	11,916
	Citizens Advice - BE IS				12,500		12,500	33,073
	Citizens Advice - Help to	Claim			139,961		139,961	138,932
	Kickstart Grant					68,703	68,703
	Wandsworlh Council - DSF				47,406		47,406	25,000
	Foodbank . Wandsworlh				54,053		54,053	19,178
	EU National				109,590		109,590	93,495
	Foodbank - Henry Smith				58,200		58,200	58,833
	Foodbank - Trussell Trust				25,725		25,725	25,725
	Total income from chantable		achvities		1.025,500	680,155	1,705,655	1,533,793
5.	Income from other activities
					Restrictedf	Unrestricted f	2022 E	2021 f
	Miscellaneous					6,610	6,610
	Room hire					2,917	2,917
						9,527	9,527
6.	Investment income
					Restricted	Unrestricted	2022	2021
					E	E	E	E
	Interest income					1,760	1,760	2,820
						1,760	1,760	2,820

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This is stated afte	r charging
		2022	2021
		E'	E
Operating lease rentals;
Property		42,480	26,400
Other		21,742	10,240
Depreciation		12,916	24,421
External Auditors'	remuneration.
~ External Audit Fee		4,500	4,500
~ Non Audit	remuneration

No travel expense	s we	re re	imbursed to the	Ch	arity's	Trustees	during the y	ear (2021;2192)	.
								2022	2021
								E	E
Staff costs during	the year:
Salaries and wages								1,114,119	985,587
Redundancy costs
Social security	costs							102,453	88,546
Pension contributions								74,749	69,961
								1,291,321	1,144,094
								2022	2021
Number ofemployees		who	earned between	E60k - E70k during			the year:	1	1
Key management	personnel		received benefits		during	the year	of;	160,232	160,420

The averag equivalent	e monthly head count was 41 staff (2021:3 employees dunng the year were as follows:	7) and the average monthly number	of full time
		2022	2021
		No.	No
Generating	funds	0.6	0.6
Charitable	activity	29.9	29.6
Governance		0.9	0.9
		31.4	31.1
Average number ofemployees		41	37

12.	Tangible fixed assets	Leasehold	Leasehold	Computers	Computers
		Building and		snd	IT		Furniture and
		improvement		equipment			equipment	Total
			E			E	E	f.
	Cost
	AI1 Apnl 2021	95,215		45,206			18,417	161,640
	Additions in year
	Deposals in year
	At 31 Marrh 7027	95,215		48,208			18,417	161,840
	Depreciation At 1 April 2021 Charge for ths year	(67,456) (5.206)		(40,496) (7,711)			(18,417)	(126,369) (12,917)
	Disposals in year At 31 March 2022	~12862		~8,	9	)	~18417	~(9286
	Net book value At 31 March 2022	22,553						22,554
	At 31 March 2021	27.759		7,712				35,471
	All tangible fixed assets are used to fulfil	the Charity's	objects.
13.	Debtors
							2022	2021
							E	E
	Account receivables						42,889	40,140
	Other debtors						93,329	13,014
	Prepaid expenses						26,635	22,905
							162,853	76,059
14.	Creditors
							2022	2021
							E	E
	Amounts falling due within one year Bank overdraft							(53,089)
	Trade creditors						(19,235)	(45,252)
	Other creditors						(19,391)	(19,644)
	Deferred income (see Note 15) Accruals Taxation and social security						(139,695) (110,256) ~55.432	(195,179) (87,658) ~59.IIS )
							~)343,6 9	~69.483

14.	Creditor		s (continued)
									2022	2021
									8
	Amounts falling due after Other creditors			one	year				~7,200	~0, 00
15.	Defined		benefit Pension scheme			liability
									2022f	2021
	Defined		Benefit Pension FRS 102						~93,387	~103,152
16.	Deferred		income
									2022	2021
									6	F.
	Deferred		income brought forward						(195,179)	(64,124)
	Amounts Incoming		released to income resources deferred	during the year in the year					195,179 ~139.595	84,124 ~19,179
									~139695	~95,179
17.	Analysis		of net assets between			funds
				Restricted			Designated	General	Total funds	Total funds
					funds		funds	funds	2022	2021
						5	E		8	E
	Tangible		fixed assets					22,554	22,554	35.471
	Current	assets						898.268	598,268	984,089
	Current liabilities Non current liabilities							(350,849) ~93.387	(350,849) ~93,387	(474,883) ~03.152
	Net assets at 31 March
	2022							476,586	4 6	421.505

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For	the year ended 31 March	2022
20.	Pension scheme (continued)
				31 March 2021	31 March 2020
	Assumed life expectancies on retirement Retiring today - Males Retinng today —Females Retiring in 20 years time —Males Retinng in 20 years time - Females		at age 65are	21.3 24.2 22.6 25.7	21.2 24.1 226 25 7
	The assets in the Plan were;			Value at	Value *t
				31 March 2022	31 March 2021
				6000s	6000s
	The assets in the Plan were Multi asset funds Structured equity and LDI Cash Fair value of Plan assets			68,955 27,488 5,771 102,214	72,995 24,849 1,509 99,353
	The actual return on assets over the period was			5,301	14,282
	Present value of funded obhgations Fair value of Plan assets Deficit in funded scheme			148,768 102,214 ~48,5d4	161,415 99,353 ~62.062)
	Present value of unfunded obligations
	Unrecognised actuarial gains	/ (losses)
	Adjustment in respect ofasset ceiling Net liability in balance sheet			46,554	62.062
	Reconciliation ofopening and closing		balances ofthe present value of
				31 March 2022	31 March 2021
				6000s	EOOOs
	Benefit obxgation at beginning Current serwce cost	ofyear		161,415 771	140,310 652
	Interest cost			3,346	3,322
	Contributions by Plan Actuanal (gains)/losses Benefits paid and expenses			(11,745) (5,019)	21 568 (4,437)
	Past serwce cost
	Settlements
	Business combinations
	Exchange rate Benefit obligation at end of	year		148,768	161,415

Reconciliation	of opening	an	d clos		ing balances ofthe f	air value of Plan a	ssets
						31 March 2022	31 March 2021
						EOOOs	EOOOs
Fair value of Plan assets at		beginning			of year	99,353	85,959
Interest income on Plan assets						2,061	2,052
Return on assets, excluding		interest		income		3,240	12,230
Contributions	by employers					2,579	3,549
Contributions	by Plan participants
Benefits paid and expenses						(5,019)	(4,437)
Business combinations
Settlements
Exchange rate
Fair value of	Plan assets	at end of			year	102,214	99,353
The amounts	recognised	in profit		or loss:
						31 March 2022	31 March 2021
						EOOOs	EOOOs
Service cost -	including current		and past sconce costs, and
settlements
Service cost —administrative		cost				771	652
Net interest on the net defined			benefit		liability	1,285	1,270
Total expense						2,056	1,922

Rerneasu	rements of	the n	et defined bene	fits (a	sset) I li	ability to be shown	in OCI:
						31 March 2022	31 March 2021
						EOOOs	EOOOs
Actuarial	(gains) / losses on		the liabilities			(11,745)	21,568
Return on assets, excluding			interest income			(3,240)	(12,230)
Changes	in the effect	of the	asset ceihng excluding		interest
income
Total remeasurement I liability to be shown		ofthe net defined in OCI		benefit	(asset)	~14,985	9,338

expenditure ac	count)
					Total
			Restricted	Unrestricted	2021
			C	F	E
Income
Donations				695	695
Income from charitable		activities: advice
and advocacy			919.055	614,738	1,533,793
Other trading activities Investment income				2,820	2,620
Total incoming	resources		919,055	618,253	1 537,308
Expenditure Raising funds Charitable activities			(919,055)	(19,338) (533,237)	(19,338) (1,452,292)
Total expenditure			~(9i9D55	~553575	~11 ~7,535
Net income				65,678	65,678
Actuarial gains on defined benefit pension scheme				(31,925)	(31,925)
Net movement	in funds			33,753	33,753
Reconciliation	offunds
Funds brought	forward	at 1 April 2021		387,752	387,752
Funds carried	forward	at 31 March 2022		421.505	421,505

the ear ended 31 March 202 Statement of Funds	2
				Gain I goes)
	Al I April	Incoming	Outgoing	on	Pension	At 31 March
	2020	resources	resources	investments	ad)ustment	2021
	8	8	8	8	8	f.
Restricted funds
Macmillan Cancer Care		187,263	(187,263)
Roehampton Commumty
Big Loeery Fund-HTC London Community Response		147,849 27,652	(147.849) (27,652)
Wsndls CCG		73,250	(73,250)
Battersea CCG		28,733	(28.733)
West Wandsworth CCG		29,360	(29,360)
Maior Trauma Advice		16,680	(16.680)
Crtrcens Advice - Help to Claim		138,932	(138,932)
Ciiitens Advice BEIS funding		33.073	(33.073)
The London Community		2,116	(2,116)
Wsndsworth Council -OEFRA		25,000	(25,000)
Earlsfield —Foodbank		19,178	(19,178)
Foodbank - Henry Smith		58,833	(58,833)
Foodbenk ~ Trussell Trust		25,725	(25,725)
Foodbank - Earlsfisld		11.916	(11,916)
EU National		93495
Total restricted funds
Unrestricted funds
General funds
Free funds	458,979	618,253	(552,575)			524,657
Defined pension benefit scheme
Total unrestricted funds		r,»	~52,5		(31.925	421 505
Total fuiids