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2022-03-31-accounts

Charity registration number 1049996

Company registration number 3108844 (England and Wales)

KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU

COMPANY LIMITED BY GUARANTEE

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr A F Gilmore
Mr C Kelsall (Appointed 27 October 2021)
Mr D Bridson (Appointed 2 February 2022)
Ms M Stebbings (Appointed 2 February 2022)
Mr K Walsh (Appointed 29 July 2022)
Mr U Ezeanata (Appointed 28 October 2022)
Secretary and Chief Officer Mr B Gouldson
Charity number 1049996
Company number 3108844
Registered office 142 Cherryfield Drive
Kirkby
Merseyside
L32 8RX
Auditor BWM
Suite 5.1
12 Tithebarn Street
Liverpool
L2 2DT
Solicitors Maxwell Hodge
26 Sherborne Square
Huyton
Liverpool
L36 9UR

KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE CONTENTS

Page
Trustees' report 1 - 8
Statement of trustees' responsibilities 9
Independent auditor's report 10 - 12
Statement of financial activities 13 - 14
Balance sheet 15
Statement of cash flows 16
Notes to the financial statements 17 - 31

KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2022

The trustees present their annual report and financial statements for the year ended 31 March 2022.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2019)

Objectives and activities

The charity’s purposes, as set out in the objects contained in the Company’s Memorandum of Association, are to promote any charitable purpose for the benefit of the whole community of Knowsley (“the area of benefit”) by the advancement of education, the protection of health and the relief of poverty, sickness and distress.

The charity’s objects are defined as above. Our aims are focused on:

Our service provides free, independent, confidential and impartial advice to everyone on their rights and responsibilities. We value diversity, promote equality and challenge discrimination.

The charity has developed its own Mission Statement to reflect more accurately its purpose and role:

Citizens Advice Knowsley’s vision is to improve the lives of Knowsley residents through advice, empowerment and volunteering. Our values are to focus on clients and quality of advice, achieve results, continuously improve, promote equality and fairness, value each other and work together.

Ensuring our work

delivers our aims

We review our aims, objectives and activities each year. The annual review seeks to examine our achievements and outcome. Together with the success of individual key projects and the benefits that have been born from them. In carrying out the review we are ensuring that that our aims, objectives and activities are in line with our stated purpose.

Our main objectives for the year have been developing our service so that it really meets the needs of the clients we are trying to support. Key activities have included:

Public

benefit

Our main activities and who we try to help are described above. All our charitable activities focus on providing the advice people need for the problems they face and are undertaken specifically to provide public benefit. The board of trustees have had due regard to the Charity Commission guidance on public benefit and have complied with the duty in section 4 of the Charities Act 2011.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 MARCH 2022

Responsibility

towards

the

environment

Knowsley District Citizens Advice Bureau aims to minimise its impact on the environment and has implemented an organisational environmental policy to ensure that all activities place an increased emphasis on the environmental impact of our actions.

Achievements and performance

During this year, we assisted 3296 unique clients with 24,412 issues. Welfare Benefits accounted for 45% of all issues with money advice accounting for 43% of issues. It was noted during this period that the complexity of issues deal with on behalf of clients has increased in the area of debt, money advice and financial capability.

Through this year, we continued to deliver services through e-mail and telephone with staff working remotely and at our advice locations.

KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2022

KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2022

KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2022

Financial review

The charity recorded a surplus of £75,993 for the year (2021 – £28,053). This has stabilised reserves after a period of deficit expenditure and allowed trustees to implement a 3-year service strategy to support Knowsley residents.

During the 2021/22 year, Citizens Advice Knowsley received additional funds through the Knowsley Better Together Fund to assist Knowsley residents affected by the Covid-19 pandemic with Welfare Benefits and General advice, in addition to funding for better mental health to provide financial capability work.

This additional funding has allowed trustees to implement a 3-year strategy to enable face-to-face and outreach services to develop in order to reach all sectors of the Knowsley community.

We also surrendered the lease on premises in Halewood in order to focus on more cost-effective, communitybased services.

Trustees are aware that there will be increased pressure on resources and are working with senior management to secure new and existing funding to enable Citizens Advice Knowsley to provide a much needed service.

Reserves policy

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to six months, expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

Risk management

Systems and procedures have been established to identify, monitor and manage the risks that Knowsley Citizens Advice faces. Trustees and the senior management team periodically review and update risks and mitigating actions.

Citizens Advice Knowsley operates under a risk management strategy agreed by trustees and periodically reviews and updates a risk register to reflect the current risks we are exposed to with a view to monitoring and mitigating major risks.

The Board ideally would like to be able to call on a 6-month running costs in the event of the organisation ceasing operations. As required in its Memorandum paragraph 3.19, the organisation has the power to invest and deposit funds in any lawful manner whilst having regard to the suitability of investments and the need for diversification.

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2022

Structure, governance and management

The charity is a company limited by guarantee (3108844) and is governed by its Memorandum and Articles of Association, as amended by special resolution dated 22 July 2020. The registered name of the charity is Knowsley District Citizens Advice Bureau (1049996) and from January 2004, the charity has used the operating name of Citizens Advice Knowsley.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signing were:

Mr A F Gilmore
Mrs E Kellard (Resigned 27 October 2021)
Ms A Dooley (Resigned 2 February 2022)
Mr T A Lees (Resigned 2 February 2022)
Mrs L Mooney (Resigned 25 March 2022)
Mr C Kelsall (Appointed 27 October 2021)
Mr D Bridson (Appointed 2 February 2022)
Ms M Stebbings (Appointed 2 February 2022)
Mr K Walsh (Appointed 29 July 2022)
Mr U Ezeanata (Appointed 28 October 2022)

Trustees are recruited in line with the terms laid out in the Bureau's Articles of Association. A term of office is 3 years and trustees may be re-elected.

Knowsley Metropolitan Borough Council annually nominates an elected member to the Board of Trustees.

Cllr L Mooney

Trustees can be elected at the Annual General Meeting, nominated by member organisations or co-opted by the Board, provided that the total number of co-opted and nominated trustees does not exceed one third of the total number of trustees.

New trustees meet with the Chair and Chief Officer for an induction session and all trustees undertake ongoing training and development as appropriate to their role.

The Citizens Advice internet site www.bmis.org.uk contains designated pages to support trustees in their roles

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up. The trustees are covered by trustee indemnity insurance.

Remuneration of Key Management

Key management remuneration is set using guidance from the National Association. Salaries are reviewed on an annual basis in line with roles and responsibilities.

KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2022

Organisational structure

Citizens Advice Knowsley is a member of Citizens Advice, the operating name of the National Association of Citizens Advice Bureaux, which provides a framework for standards of advice and casework management as well as monitoring progress against these standards.

Knowsley District Citizens Advice Bureau is governed by the Board of Trustees who:

Responsibility for day to day management matters and implementation of policy is delegated to the Chief Officer, within a clearly understood framework for strategic control.

The following Bureau personnel attend trustee meetings in a non-voting capacity:

Brian Gouldson, Chief Officer Annmarie Bradley, Office Administrator

Trustee minutes, excluding confidential matters, are circulated to all Bureau Advice sites for the attention of all volunteers and employees and are sent to Citizens Advice.

Contribution of Volunteers and Paid Staff

The charity’s success could not have been achieved without the hard work and dedication of volunteers and staff. The Trustee Board and senior management recognise the tremendous contribution made by the charity’s volunteers in advising the public and administering the service without which the service could not operate.

Volunteers represent the indispensable core of the service for without them there would not be a Citizens Advice service. Their value is inadequately expressed in monetary terms. Indeed, volunteers bring many skills to the service and very often the experience gained helps individuals return to full employment.

People in the Bureau:

Volunteers contributed the equivalent to 2.29 FTE members of staff during the year. This equates to £41,261.22 based on a paid staff equivalent receiving £9.90 per hour.

All Trustees/Directors are volunteers

Equal opportunities

Knowsley District Citizens Advice Bureau recognises the positive value of diversity promotes equality and challenges discrimination. The charity welcomes volunteers and employees from all parts of the community, particularly under-represented groups.

We support the Citizens Advice equality, diversity and inclusion goals and have incorporated these in with all aspects of business planning.

Auditor

In accordance with the company's articles, a resolution proposing that BWM be reappointed as auditor of the company will be put at a General Meeting.

KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2022

Disclosure of information to auditor

So far as the trustees are aware, there is no relevant audit information of which the charity's auditors are unaware. Additionally, the trustees have taken all necessary steps that they ought to have taken as trustees in order to make themselves aware of all relevant audit information and to establish that the charity's auditors are aware of that information.

This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the companies act 2006.

The trustees' report was approved by the Board of Trustees.

Mr A F Gilmore

Trustee Dated: 23 December 2022

KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2022

The trustees, who are also the directors of Knowsley District Citizens Advice Bureau for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT

TO THE MEMBERS OF KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU

Opinion

We have audited the financial statements of Knowsley District Citizens Advice Bureau (the ‘charity’) for the year ended 31 March 2022 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE MEMBERS OF KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report included within the trustees' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Comparative information

The corresponding figures presented in the financial statements were unaudited.

KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE MEMBERS OF KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU

This report is made solely to the company’s members, as a body, in accordance with section 391 of the Companies Act 2014. Our audit work has been undertaken so that we might state to the company’s members 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 company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Louise Casey ACA (Senior Statutory Auditor) for and on behalf of BWM 23 December 2022

Chartered Accountants Statutory Auditor

Tempest Suite 5.1 12 Tithebarn Street Liverpool L2 2DT

KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2022

Current financial year Current financial year Current financial year Current financial year
Unrestricted
Unrestricted
Restricted
funds
funds
funds
general
designated
2022
2022
2022
Notes
£
£
£		 Total Total
funds
funds		 funds
general
designated
2022 2022 2022 2022 2021
£ £ £ £ £
Income and endowments from:
Charitable activities
3		 644,427 - 461,433 1,105,860 1,014,721
Investments
4		 639 - - 639 815
Other income
5		 16,446 - 16,000 32,446 9,437
Total income 661,512 - 477,433 1,138,945 1,024,973
Expenditure on:
Charitable activities
6		 589,829 - 473,123 1,062,952 996,920
Net income/ (expenditure) for the
year
Transfers between funds
71,683 - 4,310 75,993 28,053
29,461
101,144
(29,723) 262 - -
Net movement in funds (29,723) 4,572 75,993 28,053
Fund balances at 1 April 2021
Fund balances at 31 March 2022
413,629 258,058 769 672,456 644,403
514,773 228,335 5,341 748,449 672,456

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2022

Prior financial year

Prior financial year Prior financial year Prior financial year Prior financial year
Unrestricted
Unrestricted
Restricted
funds
funds
funds
general
designated
2021
2021
2021
Notes
£
£
£		 Total
funds
funds		 funds
general
designated
2021 2021 2021 2021
£ £ £ £
Income and endowments from:
Charitable activities
3		 790,383 - 224,338 1,014,721
Investments
4		 815 - - 815
Other income
5		 9,437 - - 9,437
Total income 800,635 - 224,338 1,024,973
Expenditure on:
Charitable activities
6		 771,401 - 225,519 996,920
Net income/ (expenditure) for the year
Transfers between funds		 -
29,234 (1,181) 28,053
77,772
107,006
(79,722) 1,950 -
Net movement in funds (79,722) 769 28,053
Fund balances at 1 April 2020
Fund balances at 31 March 2021
306,623 337,780 - 644,403
413,629 258,058 769 672,456

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE BALANCE SHEET

AS AT 31 MARCH 2022

Notes 2022 2021
£ £ £ £
Fixed assets
Tangible assets
10
Current assets		 72,871
575,813
648,684
(78,571)		 178,336
570,113
748,449
5,341
228,335
514,773
748,449		 114,136
404,819
518,955
(55,304)		 208,805
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within
one year
13
Net current assets 463,651
Total assets less current liabilities
672,456
Income funds
Restricted funds
16
Unrestricted funds - designated
17		 769
258,058
General unrestricted funds 413,629
672,456

The financial statements were approved by the Trustees on 23 December 2022

Mr A F Gilmore Mr C Kelsall
Trustee Trustee
Company Registration No. 3108844

KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2022

Notes
Cash flows from operating activities
Cash generated from/(absorbed by)
operations
21
Investing activities		 2022 2021 £
£ £ £
639 170,355
639
-
170,994
404,819
575,813		 815
(46,820)
815
-
Interest received
Net cash generated from investing
activities
Net cash used in financing activities
Net increase/(decrease) in cash and cash
equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
(46,005)
450,824
404,819

KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

Charity information

Knowsley District Citizens Advice Bureau is a private company limited by guarantee incorporated in England and Wales. The registered office is 142 Cherryfield Drive, Kirkby, Merseyside, L32 8RX.

1.1 Accounting convention

The accounts have been prepared in accordance with the charity's governing document, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The accounts have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the accounts, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the accounts.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by trustees for a particular purpose. The aim and use of the designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

(Continued)

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Income from donations and grants, including capital grants, is included in income when these are receivable, except as follows:

Voluntary income includes discretionary grants for projects, goods and services where no service agreement or contract exists.

Other grants and contracts, which have particular service requirements are included in the statement of financial activities under the heading income from charitable activities.

Interest is included when receivable by the charity.

Expenditure reflects all amounts paid and accrued during the year. All costs are allocated between the expenditure categories on a basis designed to reflect the use of the resource. Costs relating to a particular project are allocated directly, others are apportioned on an appropriate basis. Staff costs are apportioned between projects on the basis of an assessment of the time spent by individual employees.

Charitable expenditure

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs

These represent costs associated with meeting the constitutional and statutory requirements of the charity and include the independent examination fees and costs linked to the strategic management of the charity.

Tangible fixed assets are measured at cost, net of depreciation and any impairment losses.

All assets costing more than £1,000 are capitalised at cost.

Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Leasehold Improvements 10% p.a. on a straight line basis
Fixtures & fittings 25% p.a. on a straight line basis
Office equipment 25% p.a. on a straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

(Continued)

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

(Continued)

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Leases

Rentals payable under operating leases, including any lease incentives received, are charged as an expense on a straight line basis over the term of the relevant lease.

1.12 Taxation

The charity benefits from various exemptions from taxation afforded by tax legislation and is not liable to corporation tax on income or gains falling within those exemptions.

The charity is not able to recover Value Added Tax. Expenditure is recorded in the accounts inclusive of VAT.

1.13 Pensions

The charity operates a defined contribution scheme for employees. Contributions are charged to the Statement of Financial Activities in the period to which they relate.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

3 Charitable activities

Services provided under contract
Performance related grants		 Advice
delivery		 Advice
delivery
2022 2021
£ £
644,277 790,383
461,583 224,338
1,105,860 1,014,721
Analysis by fund
Unrestricted funds - general 644,427 790,383
Restricted funds 461,433 224,338
1,105,860 1,014,721

4 Investments

Unrestricted
Unrestricted
funds
funds
general
general
2022
2021
£
£
Interest receivable
639
815
5
Other income
Unrestricted
Restricted
Total
Unrestricted
funds
funds
funds
general
general
2022
2022
2022
2021
£
£
£
£
Other income
16,446
16,000
32,446
9,437		 Unrestricted
Unrestricted
funds
funds
general
general
2022
2021
£
£
Interest receivable
639
815
5
Other income
Unrestricted
Restricted
Total
Unrestricted
funds
funds
funds
general
general
2022
2022
2022
2021
£
£
£
£
Other income
16,446
16,000
32,446
9,437		 Unrestricted
Unrestricted
funds
funds
general
general
2022
2021
£
£
Interest receivable
639
815
5
Other income
Unrestricted
Restricted
Total
Unrestricted
funds
funds
funds
general
general
2022
2022
2022
2021
£
£
£
£
Other income
16,446
16,000
32,446
9,437
funds funds
general general
2022 2021
£ £
639 815
5
Other income
Unrestricted
Restricted
funds
funds
general
2022
2022
£
£
Other income
16,446
16,000
Total
Unrestricted
funds
general
2022
2021
£
£
32,446
9,437

Included within other income is £Nil (2021: £9,340) for works placement.

KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

6 Charitable activities

Advice
delivery		 Advice
delivery
2021
£
697,660
43,809
7,874
1,054
750,397
233,480
13,043
996,920
771,401
225,519
996,920
2022
£
Staff costs 781,715
Office expenses 30,068
Travel and subsistence 7,577
Sundry and cleaning 17,695
837,055
Share of support costs (see note 7) 208,549
Share of governance costs (see note 7) 17,348
Analysis by fund
1,062,952
Unrestricted funds - general 589,829
Restricted funds 473,123
1,062,952

KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

7 Support costs

Support
costs
Governance
costs		 Support
costs
Governance
costs		 2022
Support costs
Governance
costs		 2022
Support costs
Governance
costs		 2022
Support costs
Governance
costs		 2021
£ £ £ £ £ £
Staff costs 88,279 - 88,279 86,727 - 86,727
Depreciation 30,469 - 30,469 31,032 - 31,032
Premises costs 56,998 - 56,998 78,413 - 78,413
Office costs 29,095 - 29,095 31,989 - 31,989
Staff and volunteer 1,366 - 1,366 900 - 900
Other costs 2,342 - 2,342 4,419 - 4,419
Audit and accountancy
fees
- 7,750 7,750 - 4,788 4,788
Legal and professional - 9,598 9,598 - 8,255 8,255
208,549 17,348 225,897 233,480 13,043 246,523
Analysed between
Charitable activities 208,549 17,348 225,897 233,480 13,043 246,523

Support costs represent the overheads for running the charity and where directly attributable, costs have been allocated to the relevant headings.

The recharges have been calculated as a pro-rata figure based on the number of FTE posts allocated to each funding stream.

Governance costs includes payments to the auditor of £4,500 for the audit and £3,250 for accountancy fees (2021- £2,300 payable for the independent examination and £2,488 for accountancy fees).

8 Trustees

None of the trustees (or any persons connected with them) received any remuneration during the year. During the year one trustee was reimbursed £68 for expenses incurred (2021- £75).

9 Employees

The average monthly number of employees during the year was:

2022 2021
Number Number
Advice/ project delivery 16 17
Management and administration 12 13
Cleaning staff 2 2
Total 30 32

KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

9
Employees		 (Continued) (Continued)
Employment costs
Wages and salaries
Social security costs
Other pension costs
2022 2021
£ £
756,922 685,261
66,776 58,769
46,296 40,357
869,994 784,387

The average number of employees shown above is based on actual employee numbers.

There were no employees whose annual remuneration was £60,000 or more.

KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

10
Tangible fixed assets		 10
Tangible fixed assets		 10
Tangible fixed assets
Leasehold
Improvements
Office
equipment
£
£
Cost
At 1 April 2021
297,225
34,519
At 31 March 2022
297,225
34,519
Depreciation
At 1 April 2021
89,166
33,774
Depreciation charged in the year
29,723
745
At 31 March 2022
118,889
34,519
Carrying amount
At 31 March 2022
178,336
-
At 31 March 2021
208,059
746		 Total
£ £ £
297,225 34,519 331,744
297,225 34,519 331,744
89,166 33,774 122,940
29,723 745 30,468
118,889 34,519 153,408
178,336 - 178,336
208,059 746 208,805
11
Financial instruments		 2022 2021
Carrying amount of financial assets
Debt instruments measured at cost
Carrying amount of financial liabilities
Measured at cost
12
Debtors
Amounts falling due within one year:
Trade debtors
Prepayments and accrued income		 £ £
577,188 406,194
78,571 55,304
2022 2021
£ £
1,375 1,375
71,496 112,761
72,871 114,136
13
Creditors: amounts falling due within one year
Other creditors
Accruals		 2022 2021
£ £
11,207 290
67,364 55,014
78,571 55,304

KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

14 Amounts held on behalf of third parties

The charitable company holds funds as agent totalling £374,813 (2021: £142,476), in a bank account operated by the charitable company, which is payable to third parties. The amount payable to third parties and an equivalent amount of the bank balance are excluded from these accounts.

Funder
Balance at 1
April 2021
£
GMMAP Funds
142,468
Enterprise Hub
8
142,476
Funder
Balance at 1
April 2020
£
GMMAP Funds
134,890
Enterprise Hub
7
134,897		 Received
Paid out
Balance at 31 March
2022
£
£
£
2,569,010
(2,336,665)
374,813
(8)
-
2,569,010
(2,336,673)
374,813
Received
Paid out
Balance at 31 March
2021
£
£
£
2,636,559
(2,628,981)
142,468
43,509
(43,508)
8
2,680,068
(2,672,489)
142,476
GMMAP Funds
Enterprise Hub

15 Retirement benefit schemes

Defined contribution schemes

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

The charge to the statement of financial activities in respect of defined contribution schemes was £46,296 (2021 - £40,357).

KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

16 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Balance at
1 April 2020
£		 Balance at
1 April 2020
£		 Movement in funds Movement in funds Movement in funds Movement in funds
Income
Expenditure
 Transfers
Balance at
1 April 2021		 Income
Expenditure
 Transfers
Balance at
31 March 2022
£ £
£		 £ £ £
£		 £ £
219,436
(216,588)
MAS - -
-		 - - - 2,848
Building Better Opportunities - 77,898
(79,848)
146,439
(145,670)		 1,950 - -
-		 - -
Universal Support - - 769 146,108
(147,139)
76,839
(76,279)
35,050
(33,117)
477,433
(473,123)		 262 -
New Horizons - - - - - (76,279) - 560
Financial Capability - - - - - (33,117) - 1,933
224,337
(225,518)
- 1,950 769 262 5,341

Building Better Opportunities - Funding from the European Social Fund and Big Lottery to provide financial capability training to better prepare beneficiaries to progress into sustainable employment. The trustees agreed to run the project at a shortfall and approved supplementary funds to be provided from the unrestricted funds.

MAS - Funding through the Money and Pensions Service to provide debt advice services as part of the Greater Merseyside Money Advice Partnership.

New Horizons - Funding from the European Social Fund to provide employability support to Knowsley residents. Funding provided for staff salary and project support costs.

Financial Capability - Funding through the Better Mental Health Fund as part of a project managed by Knowsley Council on behalf of the Office for Health Improvement and Disparities providing support to Knowsley residents experiencing mental health issues arising from the Covid-19 pandemic

KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

17 Unrestricted funds - designated

These are unrestricted funds which are material to the charity's activities made up as follows:

Movement
in funds
Movement
in funds
Balance at
1 April 2020
Transfer
Balance at
1 April 2021
Transfer
Balance at
31 March 2022
£
£
£
£
£
Future building works
100,000
(50,000)
50,000
-
50,000
Leasehold improvements
237,780
(29,722)
208,058
(29,723)
178,335
337,780
(79,722)
258,058
(29,723)
228,335		 Movement
in funds
Movement
in funds
Balance at
1 April 2020
Transfer
Balance at
1 April 2021
Transfer
Balance at
31 March 2022
£
£
£
£
£
Future building works
100,000
(50,000)
50,000
-
50,000
Leasehold improvements
237,780
(29,722)
208,058
(29,723)
178,335
337,780
(79,722)
258,058
(29,723)
228,335		 Movement
in funds
Movement
in funds
Balance at
1 April 2020
Transfer
Balance at
1 April 2021
Transfer
Balance at
31 March 2022
£
£
£
£
£
Future building works
100,000
(50,000)
50,000
-
50,000
Leasehold improvements
237,780
(29,722)
208,058
(29,723)
178,335
337,780
(79,722)
258,058
(29,723)
228,335		 Movement
in funds
Movement
in funds
Balance at
1 April 2020
Transfer
Balance at
1 April 2021
Transfer
Balance at
31 March 2022
£
£
£
£
£
Future building works
100,000
(50,000)
50,000
-
50,000
Leasehold improvements
237,780
(29,722)
208,058
(29,723)
178,335
337,780
(79,722)
258,058
(29,723)
228,335		 Movement
in funds
Movement
in funds
Balance at
1 April 2020
Transfer
Balance at
1 April 2021
Transfer
Balance at
31 March 2022
£
£
£
£
£
Future building works
100,000
(50,000)
50,000
-
50,000
Leasehold improvements
237,780
(29,722)
208,058
(29,723)
178,335
337,780
(79,722)
258,058
(29,723)
228,335		 Movement
in funds
Movement
in funds
Balance at
1 April 2020
Transfer
Balance at
1 April 2021
Transfer
Balance at
31 March 2022
£
£
£
£
£
Future building works
100,000
(50,000)
50,000
-
50,000
Leasehold improvements
237,780
(29,722)
208,058
(29,723)
178,335
337,780
(79,722)
258,058
(29,723)
228,335
Transfer
Balance at
1 April 2021		 Transfer
Balance at
31 March 2022
£ £ £ £ £
100,000
237,780
337,780
Future building works (50,000) 50,000 - 50,000
Leasehold improvements (29,722) 208,058
258,058		 (29,723) 178,335
(79,722) (29,723) 228,335

The above designated funds have been set aside to carry out future building works at our new Kirkby and Huyton offices. The balance was reviewed by the trustees to more accurately reflect the position held at 31 March 2022. The leasehold improvements designated fund represents the net book value of the assets capitalised within 2019.

KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

18
Analysis of net assets between funds		 18
Analysis of net assets between funds		 18
Analysis of net assets between funds		 18
Analysis of net assets between funds
Unrestricted
funds
Designated
funds
Restricted
funds
2022
2022
2022
£
£
£
Fund balances at 31 March 2022 are represented
by:
Tangible assets
-
178,336
-
Current assets/(liabilities)
514,773
49,999
5,341
514,773
228,335
5,341		 Total
Unrestricted
funds
Designated
funds
Restricted
funds		 Total
2022 2022 2022 2022 2021 2021 2021 2021
£ £ £ £ £ £ £ £
- 178,336 - 178,336 747 208,058 - 208,805
514,773 49,999 5,341 570,113 412,882 50,000 769 463,651
514,773 228,335 5,341 748,449 413,629 258,058 769 672,456

KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

19 Operating lease commitments

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Within one year
Between two and five years
In over five years		 2022 2021
£
53,400
213,600
107,400
374,400
2021
£
88,915
2021
£
28,053
£
53,400
213,600
53,400
320,400
20
Related party transactions
Remuneration of key management personnel
The remuneration of key management personnel is as follows.
Aggregate remuneration
No guarantees have been given or received.
There are no other related party transactions.
2022
£
91,149
21
Cash generated from operations		 2022
Surplus for the year
Adjustments for:
Investment income recognised in statement of financial activities
Depreciation and impairment of tangible fixed assets
Movements in working capital:
Decrease/(increase) in debtors
Increase/(decrease) in creditors
(Decrease) in deferred income
Cash generated from/(absorbed by) operations		 £
75,993
(639) (815)
30,469 31,031
41,265
23,267
-
170,355
(42,567)
(11,965)
(50,557)
(46,820)
22
Analysis of changes in net funds
The charity had no debt during the year.

KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

23 Company limited by guarantee

Knowsley District Citizens Advice Bureau Limited is incorporated under the Companies Act 2006 as a company limited by guarantee. The liability of the members is limited to £1.

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