``` REGISTERED COMPANY NUMBER: 03116361 (England and Wales) REGISTERED CHARITY NUMBER: 1050217 ``` ## **`REPORT OF THE TRUSTEES AND`** ## **`UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022`** ## **`FOR`** ## **`ISLE OF WIGHT CITIZENS ADVICE BUREAU`** ``` Bright Brown Limited Chartered Accountants Exchange House St. Cross Lane Newport Isle of Wight PO30 5BZ ``` ``` ISLE OF WIGHT CITIZENS ADVICE BUREAU ``` ``` CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 ``` |||**`Page`**|| |---|---|---|---| |**`Report of the Trustees`**|`1`|`to`|`7`| |**`Independent Examiner's Report`**||`8`|| |**`Statement of Financial Activities`**||`9`|| |**`Balance Sheet`**|`10`|`to`|`11`| |**`Cash Flow Statement`**||`12`|| |**`Notes to the Cash Flow Statement`**||`13`|| |**`Notes to the Financial Statements`**|`14`|`to`|`25`| |**`Detailed Statement of Financial Activities`**|`26`|`to`|`27`| ``` ISLE OF WIGHT CITIZENS ADVICE BUREAU ``` ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022`** ``` TheTrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006.havepleasurein presenting theirannualreporttogetherwiththefinancialstatementsofCitizensAdviceIsleofWight(CA(IW))fortheyear ending 31 March 2022 ``` ``` TheTrusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommended Practice applicableto charitiespreparingtheiraccountsin accordancewith the FinancialReportingStandardapplicablein the UK and Republic of Ireland (FRS102) (effective 1st January 2015). ``` ## **`OBJECTIVES AND ACTIVITIES`** ## **`Objectives and aims`** ``` The objects of the charity are: ``` ``` The promotionof any charitablepurposes for the benefit of the communityon the Isle of Wight and surroundingareas by the advancement of education, the protection of health and the relief of poverty, sickness and distress. In order to achieve its objects the aims of the Isle Of Wight Citizens Advice Bureau service are: ``` - `To provide free, independent, confidential and impartial advice to everyone on their rights and responsibilities. It values diversity, promotes equality and challenges discrimination.` ``` The service aims: ``` - `To provide the advice people need for the problems they face; and` - `To improve the policies and practices that affect people's lives.` ``` Inpractisingouraims,weadheretotheprinciplesofourorganisationinthatadviceisfree,confidential,independent and impartial.Inshapingourobjectivesfortheyearandplanningouractivities,thetrusteeshaveconsideredthe Charity Commission's guidance on public benefit. ``` ``` The strategies employed to achieve the charity's aims and objectives are: ``` - `To continue to develop and maintain a truly inclusive service through improving efficiency, effectiveness, and resourcing to support more clients through complex issues.` - `To improve our remote and digital advice, guidance and support channels across the island increasing the ease of access and supporting those clients who can use the internet and focussing precious face to face resources for those who really need it.` - `To help the population of the Island to obtain high quality advice about issues which affect their daily lives. The advice is free and available to all. Achieving positive outcomes from the strategies above will impact on our achievement and performance in the future.` ``` Achieving positive outcomes from the strategies above will impact on our achievement and performance in the future. ``` ## **`ACHIEVEMENT AND PERFORMANCE`** ## **`Charitable activities`** ``` ThelocalCA supportsIslandresidentsonmanyissues,includingmoney,benefits,employment,housing,tax,consumer, and generalproblemspeopleface.We employspecialistadvisersintheareasof debt,tax,UniversalCredit,andhousing.Due to thepandemic,2020and2021sawadramaticshiftfromadvisersandcaseworkersseeingpeoplefacetofaceto being accessibleonthephoneandthroughwebchat,emailandwebforms.TheAdviceCentreinNewportremainedclosedby the local authorityfor some time. The changeto being accessibleon remote channels,especiallyhavinga freephonenumber has increasedtheamountofpeoplewehavebeenabletohelpandsupportandourexperiencecontinuestoshapehow our service is delivered moving forward. ``` ``` Page 1 ``` ``` ISLE OF WIGHT CITIZENS ADVICE BUREAU ``` ``` REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 ``` ``` Our callbackmodel on the phonehas ensuredthe best adviserspeaksto clientsaboutthe issuestheyare facing.If we have seen people face to face, then it has been on a strict appointment only basis to protect our workforce and the community. ``` ``` Our service is open every weekday from 9.00am until 4.30pm for all enquiries. ``` ``` OurpresenceatcommunityvenueswasalsohitbyCovid-19restrictionsbutwehavebeenatAspire,RydeLibraryand Our Placeat Freshwaterwhen allowed.We have alsoundertakenhome visitsor met up at othercommunityspaceswhen clients havebeenunabletomovetheircaseforwardoverthephoneorwherecaseworkhasrequiredgoingthroughdetailed hard copiesoflettersandpapers.Anewchangetoourcasemanagementsystemallowsclientstosecurelyupload documents saving both them and us costs in printing, travelling and postage. ``` ``` FundingsourcesduringtheyearforthecharityincludedtheMoneyandPensionService,HelpandCareinpartnership with HealthWatchIOW, MacmillanTrust in partnershipwith CA Hampshirefor cancersupport,the Isle of Wight Council(IWC) for deliveringgeneralistadvice,courtdesk and the CommunitySupportHomelessnessPreventionwork,IWC with the Integrated CarePartnershipfortheHelpThroughCrisisproject,theTaxteamfundedbyHMRCandfundingfromutilitycompanies and the NHS for the Home and Well service. We also received welcome local supportfrom Wight Aid, the Daisie Rich Trust, Town, Parish and Community Councils and donations from individuals. ``` ``` CA(IW)employed30permanentstaffasatthe31stofMarch2022.Duringtheyearourservicewassupportedby 51 volunteers.All our volunteersreceive comprehensiveinduction,training,and ongoing training.Volunteersform the backbone of our charity advice service; without them the service would not be sustainable. ``` ``` Overtheaccountingperiod,ouradvicewassoughtbyover5,751(5600inpreviousyear)clientsfromacrossthe Island, resulting in 16,242 (15,800 in previous year) issues being presented. ``` ## **`Fundraising activities`** ``` Fundraisingevents we had startedto organise in 2019 were not viable again in 2021. The limited fundraisinghas not involved contacting or pursuing specific individuals for donations. No complaints have been received in respect of fundraising. ``` ## **`FINANCIAL REVIEW`** ## **`Financial position`** ``` Astrongfinancialpositionisessentialifwearetobeabletoconfidentlycontinueourcharitableactivities.Ourfunding is coming under ever increasingpressure to secure enough income to carry on providing clients with the services they need. This will be most notablein 2022/23where; unless thingschange;we are forecastinga deficit.The boardis workingwith the CEO and management team on strategies to reduce the forecast deficit through rigid cost control and income generation. ``` ``` Duringthelastyearwehavefocusedonthequalityofourfinancialreportingresultinginmonthlymanagement accounts whichidentifysurplusesordeficitsmonthly.TheBoardconfidentlyassessestheformat,whichusesacolourcoded RAG format to flag issues, helping them to understand our financial position and the implications for their decision making. ``` ## **`Investment and reserves policy`** ``` Attheyearendthecharityholds£393,740(2021:£319,488)inreserves,ofwhich£257,435(2021:£209,182)is unrestricted and of this, free reserves not investedin fixed assets amountsto £239,739(2021:£193,687).The funds at the end of the year put the charityin a good positionfor the coming year, but continuedfundingis requiredin order to run the valuable services providedby the charity.The trusteesregularlymonitorthe level of unrestrictedfunds,whichare vitalin allowingthe charity to achieve its aims. ``` ``` Page 2 ``` ``` ISLE OF WIGHT CITIZENS ADVICE BUREAU ``` ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022`** ## **`FINANCIAL REVIEW`** ``` Oftheabovereservesthetrusteeshavedesignated£100,000toberetainedasacontingencyreservetocover unexpected costsandcommitmentsshouldthecharitiesfundingfall.Lookingaheadthisleavesreservesof£93,687available for expenditureoncharitableactivitiesanditisanticipatedthatthecharitywilldrawdownonthesereservesinachieving its objectives over the coming year and to improve services. These include: ``` - `£15,000 to employ a solicitor and deliver Legal Aid work as well as taking over previously outsourced legal work for the housing court desk.` - `£8,000 to pay towards the apprentice role we currently support and a further £8,000 to recruit a second apprentice in Digital Marketing.` - `£4,500 to improve digital equipment for remote working.` - `£3,000 towards training and continuing development of staff and volunteers.` ## **`FUTURE DEVELOPMENTS`** ``` HMRC funded CA(IW) to continuea dedicatedtax advice team for 36 months in 2021. The team will continueto provide their servicebybookedappointmentsattheAdviceCentreandtheCACommunityvenues.Atelephoneadviceserviceis also available. ``` ``` TheIWCfundedCommunitySupportHomelessnessPreventionservicecontinuedinApril2022andthishas created opportunitiesfor the charity to provide a wraparoundservice to help keep people in their homes or to build up confidence for individualstolivewellwithlessstatutorysupport.Basedonthework,thecharityhasbeendevelopingLegalAid support around housing court cases. ``` ``` We are continuingto develop Advice First Aid, buildingup the resilienceof communitieswith people based in the community whounderstandhowtosignposttoourreliablesourcesof informationandadviceattheearliestsignsof problemissues. In 2021 over 60 new AFAs were recruitedand trainedtaking us to over 100 in total.In 2021 the coordinatorcompleteda formal trainingqualificationfundedbyAdultCommunityLearningandthiscontinuestomaketheoffertonewrecruits more structured and opportunities for more learning are offered. ``` ``` OngoingexplorationcontinuestosecuremoneyadviceworkasMaPSfundingisinconsistentandpossiblyendingin January 2023. ``` ``` The Board of Trustees continuallyseek innovativeways of fundingthe work of the local CA throughthe Performance Strategy andDevelopmentsub-committee,whichhasidentifiedmanyinitiatives.Thisyearwearecontinuingtoseekthe financial supportofParishandTownCouncilsemphasisingtheissuestheirresidentshaveandalsolocalcompanieswherewefit the criteria for financial support. ``` ``` The CEO and his team have worked relentlesslyto maintain safe working conditionsat our offices and will continue to monitor the ability to offer hybrid working to as many staff and volunteers as possible. ``` ## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`** ## **`Governing document`** ``` The charityis controlledby its governingdocument,the memorandumand articlesof associationdated3 October2018, and is a limited company, limited by guarantee, as defined by the Companies Act 2006. ``` ``` Page 3 ``` ``` ISLE OF WIGHT CITIZENS ADVICE BUREAU ``` ``` REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 ``` ## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`** ## **`Recruitment and appointment of new trustees`** ## **`Appointment of new Trustees`** ``` ElectedTrusteesareappointedatanAnnualGeneralMeetinginaccordancewiththegoverningdocument.Eachyear one third of the elected trustees must retire, based on length of service and may offer themselves up for re-election. ``` ``` Upto5additionalco-optedTrusteesmaybeappointedbythecurrentBoardof10(nomorethan15)tofill specialist vacanciesthroughouttheyear.Theco-optedTrusteesmaythenofferthemselvesupforelectionattheAnnual General Meeting. ``` ``` The Board undertook a review of the governing documents to ensure they reflect the nature of CA(IW)'s aims and objectives. ``` ## **`Recruitment of new Trustees`** ``` TherecruitmentofnewTrusteesiskeptunderreviewtoensuretheBoardisrepresentedbyacrosssectionofpeople from withinthecommunity,reflectingourdiversitypolicyandprovidesaskillsbaserequiredtoensurewemeetouraims and objectives through our strategic/development plan. ``` ``` Trusteesarerecruitedfromadvertisingwithinthelocalmediaandwebpage.CandidatesareinterviewedbytheChair, then the CEO and finally by two independent Trustees. References are taken up and DBS checks completed if required. ``` ## **`Induction of new Trustees`** ``` New Trustees undergo orientationto brief them on their obligationsin respect of charity and company law, the memorandum andarticlesofassociation,boardprotocol,andthedecision-makingprocess.NewTrusteesaremadeawareofthe business plan, receive financial performance information on the charity, join one of the sub-committees and have a dedicated mentor. ``` ``` NewTrusteesareintroducedtootherTrustees,keymanagement,staffandvolunteers;theyarealsoencouragedto attend relevant training courses which can be accessed online or externally through CA training events. ``` ## **`Organisational structure`** ``` TheBoardofTrusteesadministersthecharity.TheBoardmeetsquarterlyandhascreatedsub-committeesto examine relevantissues.Thesesub-committeesare"Performance,Strategy&Development",Finance,AuditandHuman Resources. Eachsub-committeehastermsofreference,anappointedchairwhoreportstoquarterlyBoardmeetingsthe activities undertakenandanyrecommendationswhichrequireadoptionofthemainBoard.Thesub-committeesmeet monthly, although Human Resources meets as and when required. ``` ``` A Chief Executiveis appointedby the Trustees to manage day to day operations.The Chief Executivehas delegated authority, within terms of delegationapprovedby the Trustees,for operationalmatters includingfinance,employmentand applications forgrantfunding.Thestructureasof31March2022hadaBoardof9trustees,1CEO,4senior managers, administrative/project/specialist staff with a large team of volunteers. ``` ## **`Pay Policy for Staff`** ``` ThedirectorsofthecompanyarealsotheTrusteesofthecharityandtheseniormanagementteamcompriseof key managementpersonnel of the charitywho deliver the strategicobjectivesthrough the day-to-dayoperationof the charity. All directorsgiveoftheirtimefreelyandnodirectorreceivedremuneration,otherthanagreedexpensesintheyear. These expenses and related transactions are disclosed in the financial accounts. ``` ``` The payfor all staffis reviewedannuallyby the FinanceandHR sub-committeesas partof the generalpayreview.Local and nationalincreases are considered,alongsideRPI/CPI,our general financialpositionand abilityto recruit and retain staff in the current market. Remuneration is by specific salary for all staff with no provision for automatic bonuses. ``` ``` Page 4 ``` ``` ISLE OF WIGHT CITIZENS ADVICE BUREAU ``` ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022`** ## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`** ``` Pay rates for roles are set using the following overall methodology.The Finance and HR sub committees seek to balance these factors in making recommendations to the full Board: ``` - `Review of the requirements of the role in terms of responsibilities, skills and relativities with other roles in the structure. This can include basic job evaluation.` - `Review of pay rates for similar roles and skill sets in the charitable voluntary and not for profit sector locally and nationally.` - `Review of ability to recruit and retain staff, especially if specialist or scarce skills are involved.` - `Financial impact of rate of pay (affordability/implications for reserves) against added value of the role and risks to the work of the charity of not recruiting or losing key staff.` ``` The full Board finally approves pay rates and increases for all staff. ``` ## **`National`** ``` CA(IW)isamemberoftheNationalAssociationofCitizensAdvice.Thisnationalbodylaysdownstrictguidelinesfor the operationofindividualmembertowhichbothpartiesadheretoandsubscribe.Thenationalbodymakes management guidanceandadvicefreelyavailabletomembersviaaspecialistwebsiteandemploysconsultantswhoareavailableto local Citizens Advice on an individual basis to answer and support specific needs. ``` ``` EachyeartheNationalBodyreviewsoursystemsandcontrolsinninekeyareasincludinggovernancefinance operational managementandhumanresourcemanagement.Followinglastyear'sreviewallareaswerecodedgreenandwe were awarded an Independent Advice standard accreditation. ``` ``` CA(IW)maintaineditsAdviceQualityStandardmarkin2021andcomplieswithFCA,ICO,CompaniesHouseand Charities Commission regulations. ``` ## **`Regional`** ``` CA(IW) is a member of CitAH (Citizens Advice, Hampshire)a consortiumof Hampshire based LCAs set up to improve prospects of securing greater funding opportunities by having a joined-up approach and foster collaboration on common issues. ``` ## **`Partnerships`** ``` The 2018tenderprocessfor the contractto deliverAdvice,InformationandGuidancedidnotrequirea CIC as the vehicle to deliverthe work requiredso the tenderwas successfullywon with CA(IW)as the lead bidderand sub-contractingother work toitsongoingpartners.Thecontractprovidesadvice,informationandguidanceserviceswhichisbeingdeliveredthrough a collaborativeapproachratherthanworkingcompletelyseparatelyandto allowpeopleto onlytell theirstoryonce.We have kept the Isle Help name and maintained an online information portal known as "Isle Help Me". ``` ``` "IsleFindIt",ourCommunityDirectory,runsalongsidethisinformationportal.In2022theIsleFindItplatformwill be redesigned and relaunched to include the information portal. ``` ``` Ourworkon HelpThroughCrisiscontinuesin partnershipwithintheLivingWellContractleadbyAspireandpartners across the Island. ``` ``` TheWinterIsComingCampaigncontinuedin2021workingcloselywiththeFootprintTrustandthe"It'sOKtonotbe OK" campaign saw us working closely with Public Health. ``` ``` Page 5 ``` ``` ISLE OF WIGHT CITIZENS ADVICE BUREAU ``` ``` REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 ``` ## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`** ## **`Risk management`** ``` Thetrusteeshavea dutytoidentifyandreviewtheriskstowhichthecharityis exposedandtoensureappropriate controls are in place to provide reasonable assurance against fraud and error. ``` ``` TheriskregisterhasbeenupdatedandisreviewedmonthlyatthePSDsubcommitteemeeting.Theestablishmentofa risk policymitigatesthose risks identifiedand actionstaken to ensure that the charityis not at risk or exposed to fraud and error. Appropriatecontrolsareinplaceandreviewedregularlywithinthesub-committeewhichtheCEOattends.Theworkof this sub-committeeidentifiesfinancialsustainabilityandwhetherthereisamajorthreattothecharity.Themainriskwhich we aremanagingisthedecreaseoffundingfromourtraditionalsources.Thisworkhasahighpriority.Theriskregister also outlinesoperationalriskssuchaslossofinfrastructureforwhichwemaintainabusinessrecoveryplan.Ourpragmatic risk managementmeantwewereabletokeepourservicerunningwithminimumdisruptionwhenCovid-19restrictions were imposed in March 2020. ``` ## **`REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number`** ``` 03116361 (England and Wales) ``` ## **`Registered Charity number`** ``` 1050217 ``` ## **`Registered office`** ``` Isle Help Advice Centre High Street Newport Isle of Wight PO30 1UD ``` ## **`Trustees`** ``` Mr R A Bullivant Chairman Ms C Walker Retired finance director (resigned 30.9.21) Mr N H Mitchell Businessman Mrs R Luck Trustee J Thorpe Trustee Mrs G Minghella-Giddens Director Mr R S Clark Trustee Mrs E A Walshe Trustee Mr A P Overbury Trustee (appointed 28.4.21) Mr S L Apter (appointed 27.4.22) ``` ## **`Independent Examiner`** ``` David Stevens ACA ICAEW Bright Brown Limited Chartered Accountants Exchange House St. Cross Lane Newport Isle of Wight PO30 5BZ ``` ``` Page 6 ``` ``` ISLE OF WIGHT CITIZENS ADVICE BUREAU ``` ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022`** ## **`REFERENCE AND ADMINISTRATIVE DETAILS`** ## **`Bankers`** ``` CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ ``` ## **`Key management personnel`** ``` P SavillChief Executive Officer S Belfitt L Morton K Brandon G Ingham D Green Approved by order of the board of trustees on ............................................. and signed on its behalf by: ``` ``` ............................................................................ Mr R A Bullivant - Trustee ``` ``` Page 7 ``` ``` INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ISLE OF WIGHT CITIZENS ADVICE BUREAU ``` ## **`Independent examiner's report to the trustees of Isle of Wight Citizens Advice Bureau ('the Company')`** ``` I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022. ``` ## **`Responsibilities and basis of report`** ``` As the charity'strusteesof the Company(andalso its directorsfor the purposesof companylaw) you are responsiblefor the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). ``` ``` Havingsatisfiedmyselfthattheaccountsof theCompanyarenotrequiredtobe auditedunderPart16of the2006Act and are eligible for independentexamination,I report in respect of my examinationof your charity'saccountsas carried out under section145 of the CharitiesAct 2011('the2011Act').In carryingout my examinationI have followedthe Directionsgiven by the Charity Commission under section 145(5) (b) of the 2011 Act. ``` ## **`Independent examiner's statement`** ``` Sinceyourcharity'sgrossincomeexceeded£250,000yourexaminermustbe a memberof a listedbody.I canconfirmthat I am qualified to undertake the examination because I am a registered member of ICAEW which is one of the listed bodies. ``` ``` I havecompletedmy examination.I confirmthatno mattershavecome to my attentionin connectionwiththe examination giving me cause to believe: ``` `1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or` `2. the accounts do not accord with those records; or` `3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or` `4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).` ``` I have no concernsand have come acrossno other mattersin connectionwith the examinationto which attentionshould be drawn in this report in order to enable a proper understanding of the accounts to be reached. ``` ``` David Stevens ACA ICAEW Bright Brown Limited Chartered Accountants Newport Isle of Wight ``` ``` Date: ............................................. ``` ``` Page 8 ``` ## **`ISLE OF WIGHT CITIZENS ADVICE BUREAU`** ## **`STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2022`** |`Unrestricted`
`funds`
`Notes`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`2`
`27,267`
**`Charitable activities`**
`5`
`Benefit for the community by advancement of`
`education, the protection of health and relief of`
`poverty, sickness and distress.`
`458,583`
`Other trading activities`
`3`
`10,806`
`Investment income`
`4`
`730`
`Other income`
`-`
**`Total`**
`497,386`
**`EXPENDITURE ON`**
`Raising funds`
`6`
`22,993`
**`Charitable activities`**
`7`
`Benefit for the community by advancement of`
`education, the protection of health and relief of`
`poverty, sickness and distress.`
`427,496`
**`Total`**
`450,489`
**`NET INCOME`**
`46,897`
**`Transfers between funds`**
`19`
`1,356`
**`Net movement in funds`**
`48,253`
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
`209,182`
**`TOTAL FUNDS CARRIED FORWARD`**
`257,435`|`Restricted`
`funds`
`£`
`671`
`384,819`
`-`
`-`
`-`
`385,490`
`5,748`
`352,387`
`358,135`
`27,355`
`(1,356)`
`25,999`
`110,306`
`136,305`|`2022`
`Total`
`funds`
`£`
`27,938`
`843,402`
`10,806`
`730`
`-`
`882,876`
`28,741`
`779,883`
`808,624`
`74,252`
`-`
`74,252`
`319,488`
`393,740`|`2021`
`Total`
`funds`
`£`
`31,701`
`757,491`
`-`
`1,131`
`1,519`| |---|---|---|---| ||||`791,842`
`19,241`
`692,926`| ||||`712,167`| ||||`79,675`
`-`| ||||`79,675`
`239,813`| ||||`319,488`| ``` The notes form part of these financial statements ``` ``` Page 9 ``` ## **`ISLE OF WIGHT CITIZENS ADVICE BUREAU`** ## **`BALANCE SHEET 31 MARCH 2022`** |`Notes`
**`FIXED ASSETS`**
`Tangible assets`
`14`
**`CURRENT ASSETS`**
`Debtors`
`15`
`Cash at bank and in hand`
**`CREDITORS`**
`Amounts falling due within one year`
`16`
**`NET CURRENT ASSETS`**
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
**`NET ASSETS`**
**`FUNDS`**
`19`
`Unrestricted funds`
`Restricted funds`
**`TOTAL FUNDS`**|`2022`
`£`
`17,696`
`90,087`
`346,810`
`436,897`
`(60,853)`
`376,044`
`393,740`
`393,740`
`257,433`
`136,307`
`393,740`|`2021`
`£`
`15,495`
`65,711`
`270,313`| |---|---|---| |||`336,024`
`(32,031)`| |||`303,993`| |||`319,488`| |||`319,488`| |||`209,182`
`110,306`| |||`319,488`| ``` The charitablecompanyis entitledto exemptionfrom audit under Section477 of the CompaniesAct 2006 for the year ended 31 March 2022. ``` ``` The members have not required the companyto obtain an audit of its financialstatementsfor the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006. ``` ``` The trustees acknowledge their responsibilities for ``` - `(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and` - `(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.` ``` The notes form part of these financial statements ``` ``` continued... ``` ``` Page 10 ``` ``` ISLE OF WIGHT CITIZENS ADVICE BUREAU ``` ## **`BALANCE SHEET - continued`** ## **`31 MARCH 2022`** ``` These financialstatementshave been preparedin accordancewith the provisionsapplicableto charitablecompanies subject to the small companies regime. ``` ``` The financialstatementswere approved by the Board of Trustees and authorisedfor issue on ............................................. and were signed on its behalf by: ``` ``` ............................................. ``` ``` Mr R A Bullivant - Trustee ``` ``` The notes form part of these financial statements ``` ``` Page 11 ``` ``` ISLE OF WIGHT CITIZENS ADVICE BUREAU ``` ## **`CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2022`** |`Notes`
**`Cash flows from operating activities`**
`Cash generated from operations`
`1`
`Finance costs paid`
`Net cash provided by operating activities`
**`Cash flows from investing activities`**
`Purchase of tangible fixed assets`
`Net cash used in investing activities`
**`Cash flows from financing activities`**
`New loans in year`
`Loan repayments in year`
`Net cash (used in)/provided by financing activities`
**`Change in cash and cash equivalents in the`**
**`reporting period`**
**`Cash and cash equivalents at the beginning of`**
**`the reporting period`**
**`Cash and cash equivalents at the end of the`**
**`reporting period`**|`2022`
`£`
`90,237`
`(97)`
`90,140`
`(11,861)`
`(11,861)`
`-`
`(1,782)`
`(1,782)`
`76,497`
`270,313`
`346,810`|`2021`
`£`
`84,554`
`(68)`
`84,486`
`(4,519)`
`(4,519)`
`1,782`
`-`
`1,782`
`81,749`
`188,564`
`270,313`| |---|---|---| ``` The notes form part of these financial statements ``` ``` Page 12 ``` ``` ISLE OF WIGHT CITIZENS ADVICE BUREAU ``` ## **`NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2022`** ## **`1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES`** ||||`2022`|`2021`| |---|---|---|---|---| ||||`£`|`£`| ||**`Net income for the reporting period (as per the Statement of Financial`**|||| ||**`Activities)`**||`74,252`|`79,675`| ||**`Adjustments for:`**|||| ||`Depreciation charges`||`9,660`|`8,576`| ||`Loss on disposal of fixed assets`||`-`|`1`| ||`Finance costs`||`97`|`68`| ||`(Increase)/decrease in debtors`||`(24,376)`|`17,582`| ||`Increase/(decrease) in creditors`||`30,604`|`(21,348)`| ||**`Net cash provided by operations`**||`90,237`|`84,554`| |`2.`|**`ANALYSIS OF CHANGES IN NET FUNDS`**|||| |||`At 1.4.21`|`Cash flow`|`At 31.3.22`| |||`£`|`£`|`£`| ||**`Net cash`**|||| ||`Cash at bank and in hand`|`270,313`|`76,497`|`346,810`| |||`270,313`|`76,497`|`346,810`| ||**`Debt`**|||| ||`Debts falling due within 1 year`|`(1,782)`|`1,782`|`-`| |||`(1,782)`|`1,782`|`-`| ||**`Total`**|`268,531`|`78,279`|`346,810`| ``` The notes form part of these financial statements ``` ``` Page 13 ``` ``` ISLE OF WIGHT CITIZENS ADVICE BUREAU ``` ``` NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 ``` ## **`1. ACCOUNTING POLICIES`** ## **`Basis of preparing the financial statements`** ``` Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS102,have been preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting StandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January2019)',Financial Reporting Standard102'TheFinancialReportingStandardapplicablein theUK andRepublicof Ireland'andtheCompanies Act 2006.Thefinancialstatementshavebeenpreparedunderthehistoricalcostconvention,withtheexception of investments which are included at market value. ``` ## **`Income`** ``` AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothefunds,it is probable that the income will be received and the amount can be measured reliably. ``` ## **`Expenditure`** ``` Liabilitiesare recognised as expenditureas soon as there is a legal or constructiveobligationcommittingthe charity to that expenditure,it is probablethat a transferof economicbenefitswill be requiredin settlementand the amount of theobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisandhasbeen classified under headingsthat aggregateall cost related to the category.Where costs cannot be directlyattributedto particular headings they have been allocated to activities on a basis consistent with the use of resources. ``` ``` Grantsofferedsubjecttoconditionswhichhavenotbeenmetattheyearenddatearenotedasacommitment but not accrued as expenditure. ``` ## **`Tangible fixed assets`** ``` Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. ``` - `Fixtures and fittings - Straight line over 5 years` ``` The charity values its investments in associates using the cost less impairment method. ``` ## **`Taxation`** ``` The charity is exempt from corporation tax on its charitable activities. ``` ## **`Fund accounting`** ``` Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. ``` ``` Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. ``` ``` Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ``` ``` continued... ``` ``` Page 14 ``` ``` ISLE OF WIGHT CITIZENS ADVICE BUREAU ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022`** ## **`2. DONATIONS AND LEGACIES`** |`Unrestricted`
`Restricted`
`funds`
`funds`
`£`
`£`
`Donations`
`19,195`
`671`
`Subscriptions`
`3,072`
`-`
`Donated services and facilities`
`5,000`
`-`
`27,267`
`671`
**`3.`**
**`OTHER TRADING ACTIVITIES`**
`Unrestricted`
`Restricted`
`funds`
`funds`
`£`
`£`
`Fundraising events`
`10,806`
`-`
**`4.`**
**`INVESTMENT INCOME`**
`Unrestricted`
`Restricted`
`funds`
`funds`
`£`
`£`
`Investment interest`
`730`
`-`
**`5.`**
**`INCOME FROM CHARITABLE ACTIVITIES`**
`Activity`
`Benefit for the community by advancement of`
`education, the protection of health and relief`
`Grants`
`of poverty, sickness and distress.`
`Grants received, included in the above, are as follows:`
`Isle of Wight Council`
`Help and Care in partnership with Healthwatch IOW`
`Big Lottery Fund`
`Citizens Advice Hampshire`
`Citizens Advice`
`HM Revenue and Customs`
`Universal Support`
`Integrated Care Partnership`
`Isorropia`
`Carried forward`||`2022`
`Total`
`funds`
`£`
`19,866`
`3,072`
`5,000`
`27,938`
`2022`
`Total`
`funds`
`£`
`10,806`
`2022`
`Total`
`funds`
`£`
`730`
`2022`
`£`
`843,402`
`2022`
`£`
`271,707`
`12,139`
`-`
`32,175`
`106,419`
`86,004`
`65,840`
`69,984`
`-`
`644,268`||`2021`
`Total`
`funds`
`£`
`25,060`
`1,641`
`5,000`
`31,701`
`2021`
`Total`
`funds`
`£`
`-`
`2021`
`Total`
`funds`
`£`
`1,131`
`2021`
`£`
`757,491`|`2021`
`Total`
`funds`
`£`
`25,060`
`1,641`
`5,000`| |---|---|---|---|---|---| ||||||`31,701`| ||||||`2021`
`Total`
`funds`
`£`
`-`| |||||`2021`
`£`
`288,569`
`12,145`
`65,764`
`25,370`
`125,668`
`85,837`
`68,883`
`70,000`
`1,350`|| |||||`743,586`|| ``` continued... ``` ``` Page 15 ``` ``` ISLE OF WIGHT CITIZENS ADVICE BUREAU ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022`** |**`5.`**
**`INCOME FROM CHARITABLE ACTIVITIES - continued`**
`Brought forward`
`National Lottery Community Fund`
`Vinci Foundation`
`Sovereign Housing Association`
`Other grants`
`Kick Starter - Department of Work and Pensions`
`Connect 4 Communities`
`Good Exchange`
`Vectis Housing`
`Isle of Wight NHS Trust`
`CSHP`
**`6.`**
**`RAISING FUNDS`**
**`Raising donations and legacies`**
`Unrestricted`
`Restricted`
`funds`
`funds`
`£`
`£`
`Wages`
`22,993`
`5,748`
**`7.`**
**`CHARITABLE ACTIVITIES COSTS`**
`Grant`
`funding of`
`activities`
`Direct`
`(see note`
`Costs`
`8)`
`£`
`£`
`Benefit for the community by`
`advancement of education, the protection`
`of health and relief of poverty, sickness`
`and distress.`
`662,665`
`101,661`|`2022`
`£`
`644,268`
`-`
`-`
`-`
`-`
`36,291`
`35,000`
`5,000`
`2,015`
`19,102`
`101,726`
`843,402`
`2022`
`Total`
`funds`
`£`
`28,741`
`Support`
`costs (see`
`note 9)`
`£`
`15,557`|`2021`
`£`
`743,586`
`5,972`
`2,500`
`3,500`
`1,933`
`-`
`-`
`-`
`-`
`-`
`-`|`2021`
`£`
`743,586`
`5,972`
`2,500`
`3,500`
`1,933`
`-`
`-`
`-`
`-`
`-`
`-`| |---|---|---|---| |||`757,491`|| |||`2021`
`Total`
`funds`
`£`
`19,241`
`Totals`
`£`
`779,883`|`2021`
`Total`
`funds`
`£`
`19,241`| ``` continued... ``` ``` Page 16 ``` ``` ISLE OF WIGHT CITIZENS ADVICE BUREAU ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022`** |**`8.`**
**`GRANTS PAYABLE`**
`2022`
`£`
`Benefit for the community by advancement of education, the protection of health`
`and relief of poverty, sickness and distress. `
`101,661`
`The total grants paid to institutions during the year was as follows:`
`2022`
`£`
`Age UK Isle of Wight`
`42,192`
`Law Centre`
`-`
`The Footprint Trust`
`-`
`People Matter (IW)`
`30,000`
`Isle of Wight Food Bank`
`-`
`72,192`
**`9.`**
**`SUPPORT COSTS`**
`Governance`
`Other`
`costs`
`£`
`£`
`Benefit for the community by advancement of`
`education, the protection of health and relief`
`of poverty, sickness and distress.`
`12,896`
`2,661`
**`10.`**
**`NET INCOME/(EXPENDITURE)`**
`Net income/(expenditure) is stated after charging/(crediting):`
`2022`
`£`
`Independent examiners fee's - examination`
`299`
`Depreciation - owned assets`
`9,660`
`Deficit on disposal of fixed assets`
`-`
`Independent examiners fee's - accountancy`
`11,937`|`2021`
`£`
`117,168`|`2021`
`£`
`117,168`| |---|---|---| |||`2021`
`£`
`45,156`
`3,000`
`4,750`
`38,500`
`6,000`| |||`97,406`| |||`Totals`
`£`
`15,557`| |||`2021`
`£`
`301`
`8,576`
`1`
`11,765`| ``` continued... ``` ``` Page 17 ``` ``` ISLE OF WIGHT CITIZENS ADVICE BUREAU ``` ``` NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022 ``` ## **`11. TRUSTEES' REMUNERATION AND BENEFITS`** ``` Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2022norfortheyear ended 31 March 2021. ``` ## **`Trustees' expenses`** ``` No expenses were repaid to trustees for the year ended 31 March 2021 nor for for the year ended 31 March 2020. ``` ## **`12. STAFF COSTS`** ``` The average monthly number of employees during the year was 33 (2021: 27). ``` ``` No employees received emoluments in excess of £60,000. ``` ``` The total amount of employee benefits recieved by key management personnel was £152,972 (2021: £151,971). ``` ## **`13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`** |`Unrestricted`
`funds`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`31,601`
**`Charitable activities`**
`Benefit for the community by advancement of`
`education, the protection of health and relief of`
`poverty, sickness and distress.`
`283,645`
`Investment income`
`1,131`
`Other income`
`1,519`
**`Total`**
`317,896`
**`EXPENDITURE ON`**
`Raising funds`
`8,643`
**`Charitable activities`**
`Benefit for the community by advancement of`
`education, the protection of health and relief of`
`poverty, sickness and distress.`
`292,390`
**`Total`**
`301,033`
**`NET INCOME`**
`16,863`
**`Transfers between funds`**
`4,279`
**`Net movement in funds`**
`21,142`|`Restricted`
`funds`
`£`
`100`
`473,846`
`-`
`-`
`473,946`
`10,598`
`400,536`
`411,134`
`62,812`
`(4,279)`
`58,533`|`Total`
`funds`
`£`
`31,701`
`757,491`
`1,131`
`1,519`| |---|---|---| |||`791,842`
`19,241`
`692,926`| |||`712,167`| |||`79,675`
`-`| |||`79,675`| ``` continued... ``` ``` Page 18 ``` ``` ISLE OF WIGHT CITIZENS ADVICE BUREAU ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022`** |**`13.`**
**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued`**
`Unrestricted`
`funds`
`£`
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
`188,039`
**`TOTAL FUNDS CARRIED FORWARD`**
`209,181`
**`14.`**
**`TANGIBLE FIXED ASSETS`**
**`COST`**
`At 1 April 2021`
`Additions`
`Disposals`
`At 31 March 2022`
**`DEPRECIATION`**
`At 1 April 2021`
`Charge for year`
`Eliminated on disposal`
`At 31 March 2022`
**`NET BOOK VALUE`**
`At 31 March 2022`
`At 31 March 2021`|`Restricted`
`funds`
`£`
`51,774`
`110,307`|`Total`
`funds`
`£`
`239,813`| |---|---|---| |||`319,488`| |||`Fixtures`
`and`
`fittings`
`£`
`55,705`
`11,861`
`(8,919)`
`58,647`
`40,210`
`9,660`
`(8,919)`
`40,951`
`17,696`
`15,495`| ``` continued... ``` ``` Page 19 ``` ``` ISLE OF WIGHT CITIZENS ADVICE BUREAU ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022`** |**`15.`**
**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Trade debtors`
`Prepayments and accrued income`
**`16.`**
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Other loans (see note 17)`
`Trade creditors`
`Social security and other taxes`
`Accrued expenses`
`Deferred income`
**`17.`**
**`LOANS`**
`An analysis of the maturity of loans is given below:`
`Amounts falling due within one year on demand:`
`Other loans`
**`18.`**
**`ANALYSIS OF NET ASSETS BETWEEN FUNDS`**
`Unrestricted`
`funds`
`£`
`Fixed assets`
`17,696`
`Current assets`
`300,590`
`Current liabilities`
`(60,853)`
`257,433`|`Restricted`
`funds`
`£`
`-`
`136,307`
`-`
`136,307`|`2022`
`£`
`85,971`
`4,116`
`90,087`
`2022`
`£`
`-`
`6,966`
`8,143`
`15,744`
`30,000`
`60,853`
`2022`
`£`
`-`
`2022`
`Total`
`funds`
`£`
`17,696`
`436,897`
`(60,853)`
`393,740`|`2021`
`£`
`61,049`
`4,662`
`65,711`
`2021`
`£`
`1,782`
`4,867`
`7,519`
`17,863`
`-`
`32,031`
`2021`
`£`
`1,782`
`2021`
`Total`
`funds`
`£`
`15,495`
`336,024`
`(32,031)`
`319,488`| |---|---|---|---| ``` continued... ``` ``` Page 20 ``` ``` ISLE OF WIGHT CITIZENS ADVICE BUREAU ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022`** ## **`19. MOVEMENT IN FUNDS`** |`Net`
`movement`
`At 1.4.21`
`in funds`
`£`
`£`
**`Unrestricted funds`**
`General Advice`
`86,753`
`4,679`
`Macmillan Outreach`
`6,934`
`15,772`
`Contingency Reserve`
`100,000`
`-`
`Fixed asset fund`
`15,495`
`-`
`CSHP`
`-`
`26,444`
`209,182`
`46,895`
**`Restricted funds`**
`Healthwatch IOW`
`213`
`402`
`Money Advice Services`
`4,940`
`14,145`
`HMRC Tax Advice Line`
`29,953`
`3,249`
`Help Through Crisis`
`59,827`
`21,184`
`Help to Claim`
`10,979`
`(10,575)`
`Home and Well`
`4,394`
`(1,048)`
`110,306`
`27,357`
**`TOTAL FUNDS`**
`319,488`
`74,252`
`Net movement in funds, included in the above are as follows:`|`Transfers`
`between`
`funds`
`£`
`1,117`
`-`
`-`
`2,201`
`(1,962)`
`1,356`
`-`
`-`
`(678)`
`-`
`-`
`(678)`
`(1,356)`
`-`|`At`
`31.3.22`
`£`
`92,549`
`22,706`
`100,000`
`17,696`
`24,482`| |---|---|---| |||`257,433`
`615`
`19,085`
`32,524`
`81,011`
`404`
`2,668`| |||`136,307`| |||`393,740`| |||| |**`Unrestricted funds`**
`General Advice`
`Macmillan Outreach`
`CSHP`
**`Restricted funds`**
`Healthwatch IOW`
`Money Advice Services`
`HMRC Tax Advice Line`
`Help Through Crisis`
`Help to Claim`
`Home and Well`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`377,661`
`17,997`
`101,728`
`497,386`
`12,139`
`108,637`
`86,002`
`100,486`
`64,559`
`13,667`
`385,490`
`882,876`|`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`(372,982)`
`4,679`
`(2,225)`
`15,772`
`(75,284)`
`26,444`
`(450,491)`
`46,895`
`(11,737)`
`402`
`(94,492)`
`14,145`
`(82,753)`
`3,249`
`(79,302)`
`21,184`
`(75,134)`
`(10,575)`
`(14,715)`
`(1,048)`
`(358,133)`
`27,357`
`(808,624)`
`74,252`|`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`(372,982)`
`4,679`
`(2,225)`
`15,772`
`(75,284)`
`26,444`
`(450,491)`
`46,895`
`(11,737)`
`402`
`(94,492)`
`14,145`
`(82,753)`
`3,249`
`(79,302)`
`21,184`
`(75,134)`
`(10,575)`
`(14,715)`
`(1,048)`
`(358,133)`
`27,357`
`(808,624)`
`74,252`| |---|---|---|---| ||||`46,895`
`402`
`14,145`
`3,249`
`21,184`
`(10,575)`
`(1,048)`| ||||`27,357`| ||||`74,252`| ``` continued... ``` ``` Page 21 ``` ``` ISLE OF WIGHT CITIZENS ADVICE BUREAU ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022`** ## **`19. MOVEMENT IN FUNDS - continued`** ## **`Comparatives for movement in funds`** |**`Unrestricted funds`**
`General Advice`
`Macmillan Outreach`
`Contingency Reserve`
`Fixed asset fund`
`Mental Health`
**`Restricted funds`**
`Healthwatch IOW`
`Money Advice Services`
`Directory of Services`
`HMRC Tax Advice Line`
`Help Through Crisis`
`Help to Claim`
`Home and Well`
**`TOTAL FUNDS`**|`Net`
`movement`
`At 1.4.20`
`in funds`
`£`
`£`
`62,137`
`17,483`
`6,350`
`1,123`
`100,000`
`-`
`19,552`
`-`
`-`
`(1,742)`
`188,039`
`16,864`
`-`
`213`
`-`
`4,940`
`3,093`
`-`
`34,060`
`(2,921)`
`8,702`
`51,125`
`5,919`
`5,060`
`-`
`4,394`
`51,774`
`62,811`
`239,813`
`79,675`|`Transfers`
`between`
`funds`
`£`
`7,133`
`(539)`
`-`
`(4,057)`
`1,742`
`4,279`
`-`
`-`
`(3,093)`
`(1,186)`
`-`
`-`
`-`
`(4,279)`
`-`|`At`
`31.3.21`
`£`
`86,753`
`6,934`
`100,000`
`15,495`
`-`| |---|---|---|---| ||||`209,182`
`213`
`4,940`
`-`
`29,953`
`59,827`
`10,979`
`4,394`| ||||`110,306`| ||||`319,488`| ``` continued... ``` ``` Page 22 ``` ``` ISLE OF WIGHT CITIZENS ADVICE BUREAU ``` ``` NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022 ``` ## **`19. MOVEMENT IN FUNDS - continued`** ``` Comparative net movement in funds, included in the above are as follows: ``` |**`Unrestricted funds`**
`General Advice`
`Macmillan Outreach`
`Mental Health`
**`Restricted funds`**
`Healthwatch IOW`
`Money Advice Services`
`HMRC Tax Advice Line`
`Help Through Crisis`
`Help to Claim`
`Home and Well`
**`TOTAL FUNDS`**
**`Funds`**|`Incoming`
`resources`
`£`
`305,980`
`10,566`
`1,350`
`317,896`
`12,146`
`106,368`
`85,837`
`188,797`
`68,884`
`11,914`
`473,946`
`791,842`|`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`(288,497)`
`17,483`
`(9,443)`
`1,123`
`(3,092)`
`(1,742)`
`(301,032)`
`16,864`
`(11,933)`
`213`
`(101,428)`
`4,940`
`(88,758)`
`(2,921)`
`(137,672)`
`51,125`
`(63,824)`
`5,060`
`(7,520)`
`4,394`
`(411,135)`
`62,811`
`(712,167)`
`79,675`| |---|---|---| ## `Macmillan Outreach` ``` HampshireandIsleof WightMacmillanCitizensAdviceService- Theprovisionof welfarebenefitsandadvice service by telephone and face to face for people affected by cancer. ``` ## `Contingency Reserve` ``` Adesignatedfundcreatedbythetrusteesinordertoprotectthecharitiesreservesforcontinuedcharitable activity should future funding fall. ``` ## `Fixed Asset Fund` ``` Adesignatedfundcreatedbythetrusteesinordertohighlightthevalueofunrestrictedreservesrepresenting the bookvalueofassetsandequipmentheld.Whilstusedintheongoingactivitiesofthecharitythisvaluedoes not represent liquid funds. ``` ## `Mental Health` ``` AdesignatedfundrepresentedbyincomefromIsorropiaFoundationtoextendtheadvicegiventothose struggling with mental health. ``` ## `Healthwatch IOW` ``` HelpandCare-Theprovisionofinformation,advice&signpostingensuringpeoplehavetherightupto date information to make choices about health and social care. ``` ## `Money Advice Service` ``` Citizens Advice - funding the delivery of free debt advice to residents of the Isle of Wight. ``` ## `Directory of Services` ``` continued... ``` ``` Page 23 ``` ``` ISLE OF WIGHT CITIZENS ADVICE BUREAU ``` ``` NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022 ``` ## **`19. MOVEMENT IN FUNDS - continued`** ``` A Big Lotteryfundedprojectto delivera web-baseddirectoryof servicetargetedattheover55 agegroupas part of the Ageing Better programme. ``` ## `HMRC Tax Advice Service` ``` An HMRC funded project to introduce a team of dedicated tax advisers to the Island. ``` ## `Help Through Crisis` ``` A jointlyfundedprojectby the Big Lotteryand IWC to assistpeoplein hardshipwith no food or fuel. Actionplans are developed for each individual to build their resilience for the future. ``` ## `Help to Claim` ``` A new DWP funded project to help Islanders complete their initial Universal Credit claim. ``` ## `Home and Well` ``` A project funded by Citizens Advice Hampshire to provide services in supportingresidents of Hampshire and the Isle of Wighttoreturnhomeaseasilyaspossibleafterahospitalstayandensuringtheyhaveacomfortable home environment to aid recovery. ``` ## **`Transfers between funds`** ``` Transfersto and from the General Advice fund of £1,117consistsof transfersfor the value of fixed assets that can be usedforgeneralapplicationbythecharitythatwerepurchasedusingrestrictedfundsinaccordancewiththe grant agreement, unrestricted fund deficits and designation of funds by the trustees. These transfers are detailed below. ``` ``` Atotalof£2,201wastransferredfromtheGeneralAdvicefundtotheFixedAssetfundtoreflectthemovement in book value of assets and equipment at 31 March 2022. ``` ``` A totalof £1,962was transferredfrom the CSHP fund to the General Advice fund in respectof fixed assets purchased in the year. ``` ``` Atotalof£678wastransferredfromtheHomeandWellfundtotheGeneralAdvicefundinrespectoffixed assets purchased in the year. ``` ``` Atotalof£678wastransferredfromtheHMRCTaxAdviceLinefundtotheGeneralAdvicefundinrespectof fixed assets purchased in the year. ``` ``` continued... ``` ``` Page 24 ``` ``` ISLE OF WIGHT CITIZENS ADVICE BUREAU ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022`** ## **`20. RELATED PARTY DISCLOSURES`** ``` There were no related party transactions for the year ended 31 March 2022. ``` ``` Page 25 ``` ``` ISLE OF WIGHT CITIZENS ADVICE BUREAU ``` ## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022`** |`Unrestricted`
`Restricted`
`funds`
`funds`
`£`
`£`
**`INCOME AND ENDOWMENTS`**
**`Donations and legacies`**
`Donations`
`19,195`
`671`
`Subscriptions`
`3,072`
`-`
`Donated services and facilities`
`5,000`
`-`
`27,267`
`671`
**`Other trading activities`**
`Fundraising events`
`10,806`
`-`
**`Investment income`**
`Investment interest`
`730`
`-`
**`Charitable activities`**
`Grants`
`458,583`
`384,819`
**`Other income`**
`Other income`
`-`
`-`
**`Total incoming resources`**
`497,386`
`385,490`
**`EXPENDITURE`**
**`Raising donations and legacies`**
`Wages`
`22,993`
`5,748`
**`Charitable activities`**
`Wages`
`288,311`
`251,491`
`Rent, rates and insurance`
`12,074`
`10,843`
`Housing solicitor`
`28,521`
`-`
`Light and heat`
`955`
`704`
`Telephone`
`8,028`
`1,755`
`Postage and stationery`
`1,386`
`3,815`
`Advertising`
`1,575`
`1,538`
`Sundries`
`4,329`
`831`
`Training and recruitment`
`3,056`
`1,878`
`Travel, attendance and outreach`
`3,621`
`1,945`
`Reference materials and subscriptions`
`6,293`
`5,147`
`Carried forward`
`358,149`
`279,947`|`2022`
`Total`
`funds`
`£`
`19,866`
`3,072`
`5,000`
`27,938`
`10,806`
`730`
`843,402`
`-`
`882,876`
`28,741`
`539,802`
`22,917`
`28,521`
`1,659`
`9,783`
`5,201`
`3,113`
`5,160`
`4,934`
`5,566`
`11,440`
`638,096`|`2021`
`Total`
`funds`
`£`
`25,060`
`1,641`
`5,000`| |---|---|---| |||`31,701`
`-`
`1,131`
`757,491`
`1,519`| |||`791,842`
`19,241`
`453,541`
`21,911`
`20,620`
`1,886`
`9,427`
`3,733`
`924`
`2,646`
`1,255`
`8,340`
`10,406`
`534,689`| ``` This page does not form part of the statutory financial statements ``` ``` Page 26 ``` ``` ISLE OF WIGHT CITIZENS ADVICE BUREAU ``` ## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022`** |`Unrestricted`
`Restricted`
`funds`
`funds`
`£`
`£`
**`Charitable activities`**
`Brought forward`
`358,149`
`279,947`
`IT equipment and support`
`6,752`
`4,149`
`Cleaning, repairs and maintenance`
`1,455`
`2,294`
`Events and AGM`
`56`
`105`
`Depreciation`
`9,661`
`-`
`Loss on sale of intangible fixed assets`
`-`
`-`
`Bank charges and other interest`
`68`
`29`
`Grants to institutions`
`42,192`
`30,000`
`Grants to individuals`
`-`
`29,469`
`418,333`
`345,993`
**`Support costs`**
**`Other`**
`Professional fees`
`2,386`
`934`
`Bookkeeping, payroll and management accounts`
`5,304`
`4,272`
`7,690`
`5,206`
**`Governance costs`**
`Independent examiners fee's - examination`
`166`
`133`
`Accountancy fees`
`1,309`
`1,053`
`1,475`
`1,186`
`Total resources expended`
`450,491`
`358,133`
**`Net income`**
`46,895`
`27,357`|`2022`
`Total`
`funds`
`£`
`638,096`
`10,901`
`3,749`
`161`
`9,661`
`-`
`97`
`72,192`
`29,469`
`764,326`
`3,320`
`9,576`
`12,896`
`299`
`2,362`
`2,661`
`808,624`
`74,252`|`2021`
`Total`
`funds`
`£`
`534,689`
`14,776`
`4,618`
`-`
`8,576`
`1`
`68`
`97,406`
`19,762`| |---|---|---| |||`679,896`
`964`
`9,407`| |||`10,371`
`301`
`2,358`| |||`2,659`| |||`712,167`| |||`79,675`| ``` This page does not form part of the statutory financial statements ``` ``` Page 27 ```