Cambrldge & District citlzens advice CAMBRIDGE & DISTRICT CITIZENS ADVICE BUREAU ANNUAL REPORT & ACCOUNTS 2021 Dty¢nshtrE R, CarntleCB1 IBL 5tered CompartyNurnbQroatsirlkn&w1 siered Ch3fityNc'. 1056102 AUthortsed8 re8ulartd tytheFh)èrthictrtIAtyFpl•6l?SJ7
CAMBRIDGE & DISTRICT CITIZENS ADVICE BUREAU Chairman's Statement The 2020-21 financial ya¥ has. unsurPr1ngty, been dOn01ed tyt1 effttts clCOV(D. p$Te acCeIe5 evoluttr)n, and underthe unprecedented pressures of the pandemic, our Bureau has been challenged lo adapt extremety rapKIty- affecrg hN elients can contact us, how we ¢an provide services to Ihern, how we work wrth our cc41eagues. And l am irnmensety proud of hcpN our staff and vobjnteers have risen lo these chalengey. For our clients. we n¢M offer lelethne ¢on8uk4ions. email. webBhat and video. Clients without intemet or PhOr credit are accommf>Jated too. vra sending us det•b in writing SO thai our alfvisors Can call thèm back. These option5 are althling US to assist far more clntS than bgfore- 81 limes we have experiencad over 50% increase on the prKJr year- and evèn to reach clients who would have struggled to visit our office for an aFpointrn•nl prror to the pand8m¢. We were worried that we mFJht be excluding some vulnerable people by being'vrtuaf- f8T from C th8 feedb¥k both localty and natTravY indicates that lot8 of these people felt t£ttèr able to our seThkes than they did beforè when our emphasis was to PriOTitise drop in at the main building. Thi8 doe5 ncl mean that we will nol rèturn to face to face In the future and indeed we are lestirvJ this out. It18, neverthéle. sad to note that the pandWn Iws F4Jt fflany peDpl8 in o positi where they nead•d our assistance. At limes I6 these. Ihe crilical jryortaT? of ourwork is plain to 8ee. Th18 level cl adaptation has ncl e¢me ea8ity. The truste and l very gr8teful to tho lirde98 8nd create work card oul by the staff and w)lunteers io make bt all possibbe. The work has included movhg our techn Infrastructure into tho Cljud go that odwr5 can seujrety fmm their home$, Irwenting way8 to distribute tasks and monrtor P)nSe qualty wihout the 18ce-to-fa¢e Mntact that we could prevKJu$ly taktr for granted, Investing in encrypted bptops io better protect our clients, data, mu¢h more be5ide5. We would like lo a¢knrAkdg8 especial the wcrfk of our IT officer. Tessa Crook and her small learn in leadlng the thnOlOgiCal Improve1$ and 8150 Richard CurtiF in keeping all the advisers '¢)n track. 81 and dolOping ways ol still helpkng cli8nl$ very complicated issues like advising Irernoldyl at lribunas- nothlng •lopped desm? thè ba1&. The challeng&s have be financi81 too. Prq'ects based in h05PIta and clin8 had lo b8 put on hold because il would have been unsafe fc our advism lo oper8te on those premises. Our r8nlal income from office Space has dropped by arourml 67% U$9 tenanis couky not safely use the bullding, and we face an ongoing chdlenge over the ngxl year to build up Ihal again. We are 6xtrernely grateful for the SUFPtM we have rec8ived from the Gtty Council. South Cambridge DC. National L¢)ttery and grants via CitYzen$ Adwce to h deliver nalp)nal contracts behalf of the DWP. Tru$sell trust amongst Qlhers. were 81so very grateful fix k¢al support such 88 Anglia Ruskin Unwersity and the Cambrid9e3hire CorrwrNJnily Fund, to name a few, who ha been able to help us through such a dlffi¢uh financial year. The contract with the Trussell Trust has •nabl?d lo reGruJt 3 rnor? advisor8, so Ihal w¢ can better tlleet Ihe needs of Pecy needing one off help. One particulady noteworihy project was 8 crryrtdsoutced appeal, vLq Aviva. organised soldy through the I)itlI1¥e ol our staff, which raised over £10,000 for the Bureau wa a beautifully mle VKleo and some effecaN8 sodal medla ivity. ile the r08d out of Ihe Pandem measum i8 still uncertain at the l•rn of writsng, the trustees and managenol staff 11 &nsure that the Burèau compls rylh the ewknng govemmenl guidance, so that our staff, voluntsers and clients can be ¢onfHknl of th1 safety. In the fu11rsS of timo. we particularly Itscjk f0Th4ard to being able lo make full vse of our buikfing aga, auowtng us to augment Ihe remotè options we have offered in the L951 year. $0 that we can pde a fuuy apProhabkn 8$ well as accfrssible Service lo the citvzens of Cambridw 5ts DistricL Dr N W Brcwn OBE- ChaimHn
CAMBRIDGE & DISTRICTcrrizENS ADVICE BUREAU
Trustees, Report
The trustees, who arèalso directors of thè d)arity forthe pU0$¢S dthè CornpaniesAct 20C6, present thelr
report with the fnancial statements of the charity for the year ended 31 March 2021. The Iru51ees have
adopted the provisions of Accounting a1 Reportiw ty Charities.. Statemenl of Recommended Practice
applicable lo ¢harQies preparing Iheir a¢¢ounts in attor
CAMBRIDGE & DISTRICT CITIZENS ADVICE BUREAU Trustses, Report (continued) Unfversal Credit and people asknng atul the beneffts syslwn in gen8rd. who have never had to even c¥Jnsider Ihls 8UPPCXt and have rK) knledge to woth Iheirway rryjnd it During th8 period golned incomefor ¢lienlswa5 £6.825.570. The nwnber of debls and overpayments deatt with had a valu8 of £2.328.824. We heed lo prevent 1Crf)3 I1vIdual5 and families from bèing made homekn1677 in 2017). Durlng the winlèrwe h8Jped theC(yJnty Council Viathecamidge localA$ststsnce Scheme {CLASI proc8$S an unprecedented number ofv¢Juch8rs to help cope wlh the need for food, while goods, and other essentials. We continuè lo be a key partner in delfvering this vital servt¢e to ndividuals and familiès. We also sel up a cli8nt account $0 that we are knle at eSS oiher gra)t8 servres for clnIs. We continue to work cbsely wrth Cambridg6AKI ard thank them fijrdl the h t pThidèr kn ourclients in need of urgent help. One key aim Ih8t we have h8d on our 8genda for many year5 is to engage a younger group of cliants. The pandemic c4Jdly has helped to hve that. Our age profik ha8 significantly dropped bul that maybe that they prefer'virtwl. advice 8ervi¢e8 and are mofe Cunf0rtde with them OT more likèly- accordlng to dllzens Adv nalion81 research- ngttr age gfoups havo beer) d18propcrQn&Ity affqcted by the pandem IT. AB menli¢ned in the Chaifman's trodtIon have made ma58ive strides In upgradlng our IT and Systems. WlthfArt the ne8d lo lo afm05t lo home working li is doubtlul Ihat we would ha progre88ed as quT¢k as we have and indeed al the b89inning. there was some resista- many thinking that the pandemt would be a 5hort-Ived thing. cpad with some othw 8imi18r services we hav8 not Orn takèn on new ofrrkiro but In the prctess improved ouroffer to the publlc and helped great many more by our in8$d"V1rtu8r dr•r. Quallty Durlng the yearwe maintained tmpro¥ed our Qualty of Adv scora. We conunue lo work lo the Admce Qualty Standard mark and the Flnancial Conducl Auihonty. We rined our ststus as a Travel for Work eTryloyer, and Wa98 Ftxndalw aCcdrtatfvn. All our mon¢y advisers are membeTS of Ihe Institute of Mon8yAdvi8ers. are qualiffed Debt Relief Ord•r lTrleMedkgri and all ouradvisr)rn are fully trned lo the appropriate levels ol GGDA (Grn9 Good Debt •Ca) as rnquired by the Money Advice SeMc• Qual Framewlyk. We p888ed our CKtten8Athce&year¥udttMthfvl marts Ni all 9 ¢ategors.' govemance., strategie busine88 planning., ri8k rnanagemt.. FwwnclAI rnanageTrthL P¢ople managem•nt'. Operational pgrfoman managemert Partn•rship wthing.. rewrch and CpaignI EqUty and dNersy. Intgrnal and External Fa¢t¢ The Board has identified tOrS affectiro the charity whth arn oulside of it5 control 8Lth ag the panderrric and issued varms polici8$ to e%eryone a$ lo how the organisalK)n ts responding and changing lo adapt. based on Government guiddl$. ¢hanges to the welfare rvJhts system and changes in funding SIarn9 Fa¢lor8 v¢ithin control have been.. eft&#tve cost manag8rrrt high leIS of sati5factKsn w6th the sgrvlce provTded,' good partnership rJrking and in¢on gaticffi despite the extemal factors having a very negative inpact on I$me frcrfn rant and PaIrcS fUThJrrWJ. We have t&ken all opportunities lo access one off "Cowd" fund$ both thafy 8rKI nati(>nally.
CAMBRIDGE & DISTRICT cmzENS ADVICE BUREAU Trustees, Report (continued) Complaints The CCAB complies wth the formd claints prr¢edure as s8t out by the Citizens Advice membèrshlp standards. We can report that there were frmjr fcm81 complaints brought against the bureau during the pariod. One upheld. FUTURE PLANS The bureau aims to witinue rr*eting Ihe folltywng oi¥edNes: 11 Continuing lo deliver an enhanced serv offervla ¢hann•ls that we have'tumed on. during the pandern., 2) Relum to oulr8&h delNery and 9raduaty ow) face to face offer. 31 Develop and deploy our Client IT hu 41 Partnef5hip developt. 5) Renew our wtbsiio and better Ila1 m&Jra presence.
CAMBRIDGE & DISTRICT CITIZENS ADVICE BUREAU Trustees, Report . Financlal Review The Iwstees. whoare also directors of the th¥rity forthe pUrFSeS ofthe CompaniesAcl 2006, present Ihelr report with the finandal slalements of the ehariy fLY V y ermled 31 March 2021. The trv5t8es hav& adopted th& provisions ofA¢xountin9 and R8POrtiry by Chan]les'. Slatem6nl of Rec(th)m8nded Pra¢tice ap1¢able to ch8rities prèpamg Ihelr accom15 in accor(18rr with tre Reporfing SlaTrJard apprble u) the UK 8nd Reputrlic of Ireland IFRS 1021 {effe¢live 1 janu 2019). Rèser Polity Tho trustees bef that th¢ Ixjreau shoukj sthxent tlr4n(y81 rns¢N63 to allow for Ihe following.. TD ensure that the charty CDntinue to operate and moet the n•èds of its clients in Iho overrt ol unforeseen WentL81ty damaging clNMsta•5, widUd9 a 8e in fvndlng. To enwjrè that the chanty can its contraL1ud comThtments. To pemill Ihe charty lo undertake pmiectslhal requw knilid fun(&no from the tharlty b&foro fund8 wlll be providèd frrAn ext0[n t#)thes. Th• lrnJ8teo8 rewew the kn&1 ofrnce8sary ro58NO8 al1oa8t an nual basts. Unrtrstrfcted rg)MsI 89 folhThs.' ral F nd- To malnlaln a heattty ¢a$hlkw fortho day-to4ay operalon$ oflhe burèau. It is desirable thai Ims shwld be suffi¢i¢nt to C4Mr 8round 8 monlh5 of unreslrlcted oxpendlturtr In.a 8Ctnario vtherè exlernal fvrllng has Lrypséd. Fund balarte Is £130,698 induding £124,383 Hquld assalj 12020: £80,8371. £76,290 IbY assets). Tl taw for Ifqlxd assets of £18S,OCrt): ¥on Le Rao Q. The n81 volue ofth• e51M0rrt wt oftho propèty pur¢hg8ed by thg reau. The 25 yew loan forlhtr purchasé of Ihr8 propety shwhl melby Ihè $• olthls 855et. As the fvnd cortsl$l8 s¢W of the value of lh& tmjihling. it 1$ nol cslered lo be a asw. Fund b8lan¢e £570.00012020'. £570.0001'. Tl4$ hold3 the K¢uMat9d gaSn on Iho Invesbi)ent propcrftion of tha property above. N•wty created tlis year from a reall010fi ol wjch fund8 weY¢ousty hehj kn the 88 Devonshlre Rood fvnd. Fun¢J bgknce £197,000 (2020.. £197,CO)I', evel Re6ety8- Thi5 fund wa6 uaatad lo prode e4sl)Ilthv lor d8vebpmont opportunitl•s where funding might bo delayed or ba¢k ty fundern until cornty8tion of a prw. Fund balance £80,WO 12020.. £80,LK)OI', Mai en -ThL81d N denaled forthe onoJlr¥J malnt¢narKe and renewd of the bureau's property at 68 D8vonshke RoJ and rts tents. IrKludiTrJ aTht and lcu-19ted •quipm?nl. Fund balaw £20.00012020.' £20.CrfJOI. In adon to Ihe ftjnds desuibed abov¢, Ihe burEau aims to a 5urplu$ lffi property) of£50,0[ each ye8r lor cak¥t81 repayrnenl of the mortgage. Tlis was not aChd tINs year due to loss of rentsl iiKome during Ihe Cowd-19 lockthjwn resbictson3. The totalluThYs held by the charity at the year-ond were £1.1Tr4.5401£1.028.553 in 2020). Ofth8solvnd8 £787.OCA) 15 related to the investment part proFerty {£767.(KII kn 2020) and .642 In resp8Ct of reth¢ted fimds not available for general use1£78.716 in 2020).
CAMBRIDGE & DISTRICT CITIZENS ADVICE BUREAU TNstees' Report- Financial Review {eontinued) Regtrfcted ReseThes Any funds that arè reStted by the d(r orfLnder camoi te us&J kn the general puOSeS of the bureau. Thdr 8x15tenc8, aTHI th8 surns ol mDnay th8rdn. do rwt lftwythat Lhwe has been an underspend but rnay r?5ultfrom a variety of cArcurnstance$ indLKlirg tinwig fferen$ between the Irea£s fin8nraal year and the funding year of the project concerned. We currently hokl restrthd fLxed assats aro beiig depreciated wmually. We expect 811 non ea$s•1 Te8lrictsd luThJs to be expendeLI by ts end ofllE year. Tow .842{2020.. 78.716). Prlnclpal Fundlng SOU•% Tho charity primarity $eeks funds in the lorm of grants frtrfn ¢#[ gtsvemment organisatlons. phllanlhropic Institutkjns and othèr Cor¢31• thlIab inltafjbs. Thè prinupal soufc8s of otr CO fundlng wer8 Cambridge Chy CcJncil 3PA137% In 20201 and wned kncome 3% In 2020). Gr8nt ftmdhg from tha BIG Lottary rnade up a further Vh111% In 20201. In athyilon lo these•ctiviO¢s.fundrok4ing (ried out tyth8thwiVs palrcn8, volunteers and staff Ihrough entS such a8 parUe8, raffles and sp¢)r)sored wkS. in oddtkn to piq¢¢m¢nl of donat liftk$ on our web19. Cllènts are rotdlrectty apwoached ford(ma(S, th0 colleclicJ boxe8 are rnade available in inteNiew roc8. General donallons and fundraknong canwalgns raised 3% of Inalb)n In 2020). d)orily d¢e8 not make use ol profesonal fUndraer5 or comrnerdal pathpaiors to rals• funds. Oth•r than bld-11 servlces lo asslst In the w¢p¥ath'on of grant applications, [4083 the ch8rKy have fiJndrahlng carried out on Its bèhalf by thkd part$ other than bas paym•nl e4)ndLlll servie•8 w0ded by CAF Donale. The Cha19 avAre of Its c198($ wdgf (PreCtIon and so& Inveslment) Blll to en8ure Ihal any fvlure wrftten agreements mandatg adequalo fund917g staftdara8. 8$ requlffjd under the Blll. wtth approwiate 88legvardlrwJ for ¥uknerablg membars of Ihe Publ from ntru5ive or persislent approache8. Wtr •r• not re$ter6d with a fundrang rewlator and we ha¥e M c4)mmercial palkapalKJn agr8em8ntS. In the year ended 31 March 2021 rKJ fimdrariiry c4xnF4aknts w•r• rec•hrnl (2020.. nlLI. Inve•tm•nt Pollcy and Obl•ctlTM• The tharity has no lonlerrn fuTrJs io inbwl. bul enswes that arty funds a ehher invested In Interest- b8aringdepo811 aeeount$ cff used lomake early repayments(ffl our mortga98. thereby reducry associated inleresl tharged. Dètailèd 18rgots for r¢ntal irxxme sel and asyeed ty Ihe Intstees In advarKe ofthe yearand fos[13 monhored on a quarterfy basL8. The structure, g(n¢0 and Man•m *>J lh• rèkno •ThJ ¥¢mintstr•tk)n p•308 ofthè Tru8ts•$' Rèport are continued on pw 31- 34.
CAMBRIDGE & DISTRICT CITIZENS ADVICE BUREAU Trustees, Rewt- Statement of Trustees. Responsibllltles The Ttee8 (who are akn (firectys of carnldge & Dlstiict abzens Ad Burèau for the purposes of company Lawl arè responsib for preparing the Trustees. report aThJ the finan¢lal statements in accorda vthh apleable law and Unied Accounlys Standards IUn#ed Kingdom Qenerally Accepted Accounting Practrce). Company law requYe5 the dITTr to prep8re firral&l staterrnnts for Tmw181 year. Under thal18W the d1cloT5 ha èlected lo prepare the financAI statements in aecordancewith Unrted KiThJdom Generally A¢¢epled Accounlir@ Practice (United Kingjom AOnI1j Stsndards and applicle lawl. Under C7panY Lgw the directors must not approve the financial staternnts un18s8 Ilw arè sisfied that they give a Iruo and fair vlew of slale of affair5 of the ¢trtaritabl8 ¢CpanY and of the In01ng r8source8 and application of resources, including the in¢orne and expendilure. clthe chafitabb company for Ihat perirJ. In preparing these fInclaI ststements, the directors are required lo.. select suitable a¢counting pOlS and Ihen apptylhem consi$lenlly'. observe the methods and principles in the CharitiES SORP FR8102{20191; makejudgMlS arKI accLwnling eslvn8les that afe reas8b and prudent Slate whether applicable UK A¢¢ounting Stand8rd8 havq been folh)wod, 8thjgct to any mater181 departures d105d and awained in the financi81 ststements., prepare the fin¢?1 statements on fv gouig clyM 619 unlgss11 l¥ Inopproprfate lo presume Ihal the charitabl8 companywiu can1u8 n Qperalpjn. The Tru8t8e8 ar• respon8 for koepl)9 81qLth 8ttounting records that are 8vfficienl 10 show and expLain the charrtable companls transactions aThY discbst wrth reasonable aecur8cy al any lime thè lknancial positJn of the charitablg company WKI enabl& Ihem to ensure that the financlal 8talemenl$ compty with the Companies Act 2006. Thty are abo responsib fGY safe9uarding the as6ets of tho charitable company and hence for taking reasonable steps for th• preventkn and detecllon of fraud and othar regularities. In so far as Trustees are there 1$ no ro18vanl aLKlit wrformation tsfwhh the ch¥itab CLJrp8ny's ouditor is unaware,. and the Trustees hove laken 41 steps that they to have ten lo make themselve8 awwè of any relevant audit InfLyMati •NJ to e8tabk8h that the audi¢oi is trM$e aware of tho1 Information. The TruBleesare responsible fortr mgintenancearKI integrTty of tho o)rportts and financ1 ififomatlon iludd on the charklJle ¢orrpany's websito. LegislatM?n n the United Kingdom goveming preparètion and dIBseminalTr of financial stateThnts may drfler leg18k7tKn in Dtherjurisdictions. AUDifoR8 In line wilti due dllkJ8rte, deod8d lo lender the dit proces$ after 7 y•afS with the sam8 auditor. This process wa8 Conclsed In Octc4)8r 2016 and a n8w audltor- Price Ball•y- was appointed. Tlis rÈpk¥l h98 b8en prepared In accOr¢ar•th the spqrAal wovtslons of Part is of the Corrpanle8 Act 2006 r81atWi9 to sm1 comp8ri¢s. Approved by truste•s AwJust 221 and srnd ts behfby'. G A Re*J- V? Chayrnan s- Horary TTeasur&r
CAMBRIDGE & DISTRICT CITIZENS ADVICE BUREAU Independent AudltoVs Report to the Members of thè Cambrldgo & Dlstrict Citizens Advice Bureau Opinion have auditgd tFEfThnCdsknNS crfCwrtrfiJge & [Istr clE'SAteDurej lthe'¢h) fortheyear endaj 31 M8rch 2021 which c£mprtse the $Aateml of NdMtEs. Ban Sheel, the Statement of Cash FIrYS. and noi8S to Ihe fMcBI en. Ind@ SuThfit t(Jntry rthies. Tho finan87 Ewiting frn&%YJrk that has been aptlHJ in theirpreForatb)n s applKa4e Unled lQryJrxnArLounting Standard5, includiro FinanoJ Rep¢rting 1Q T1 ttlp uKSRepub lrnlwJdlUnit8d lQngdcrfn Gera11YFIA£Mti Praknl. In oUrn the finLial Statem.. giveatrueand farvwdtsstatecrflhoch8rW$elthas31 M¥¢h 2021, aTrJofhs#wnkng r8sourc8s and of resryjrcw i1rj it5 ewdth. frfjthe year then endgj,. Bas55 for opkth)n our wdit In 0rdare ¥Ah Intern StsTrJard5 cn AU (UK) (U) and appl)16 l&Y. CJr reSsb11rtY undertPThe slandardswe furlherdexrteA li IheALJlc¢s re6ponsibilth88 for thè auditd Iho fina10[ Ststnents sec'on of our rep1 Vk We ndeFendent d the charity in a(Lord wilh the ethical quirerN3thatargTet0YaDtlo0UraUdrtthefinanOd stalwMts incl¥1h8 FRC'S Ethul Standard. d we ha fulld fAher ethical respJ)st¥'lrtw in with thase wwernènts. We belkwe that 8videncewe heobtawd is ¥jffrtand tr)pThx a ba forCr cpDA. Concluslons relang to ggEng Mnc•rn In audth.ng the finCId stThrts. we hv4e(x1 ttmt Ihe t(, w of the (>Jncem of c4nthtians that. indmdualy or colW. may &isl sywfKant dbt on the chwiws abihty to wrtinue as a gcg concom fci a period ofal leastts¥elve monlhs fm) wh) the slwrtnts are aulhrxo•J lor issu&. Ourre8Fwélt4ib'esarvJthe resb)litsdthetrLBtee3wih rwdto&¥ryJt>)rKem are deMt•d hlh8relI (Xhar Irrfomi8ti The other infcrfrnakn cixrpkn lh8 iKIed n the trwtee5' amual repDr( other than the fjnanclal sLiterrEnts and our reportther6)n. Tre tnteeS are rEsle frrfthe ¢Xher lnfcrt1 conlanedwlhln ann1 reprt Our cplnlcft cffl tr¢ atem&ts cwthe Cl infQTrnat and. except to ex18nt oth8wso 8xpl1VY ststed in ourrepoi( b%¢Jo Thexpress wryfwm ofa$sUrar ccfflth5ion thereon. OUrsponslfy1SI0IeadthèotffftIrnXarWJ, in (kTYJso. congderv+tethertheotherinformalion ismaterial IrK¢nsi8tenlwrth thefinanck81 knerts or our kThJblethJeobt8wied in ){$ÈtheWa orotherwse appears io be materialty mi55tatsJ. Wwe IjrfY m&efwJ p9rent mro1 mBstat8ments. we are requir•J to d8lernine whelher tho gives w toa ms5t4rt in Ihe 5taterTEnts Ihem5elve& If, bas&J on thewoth we have vrd ¢orKth Ihatljwg isa mai8rial mB8laieMtdllis other informat we ar? rwuirl to rep¢xtthat lact. tyjthing to report in th's ryd. Opkniong¢n oth•rmattern prexribed theCw)ani¢s Act2 In r¢Pin)n, b85&a cn Ihe vK¥k tertth theCTre clthe the MICatn gNen in the Irustee5' repjt kn the fty T•th¥th StatenrtS are
CAMBRIDGE & DISTRICT crrizENS ADVICE BUREAU Independent Auditorfs Report lo the Members of the Cambrfdge & Dlstsict citlzens Advice Bureau (continued) Mattorn ¢)nwhich we were(wired to i¢wt by WK>n In the IW oflhe kr uTrJersIdro clth8 ¢>Jrw obtsed in the ofth& We have n¢)thing lo rerxyt r clth8fc4w 2[ wuyes to repyt to you rf, 7 our0n.. Jequ 8rwJ proper records n¢X be Wt fu the chafftJle c(¥npary, or rdurns &lequ for(yJr aLhJrt been frE¥n brahe5 ncé¥tsitoJ by us. (Y e ffft8nud StateMtse a3reementwfth the ac¢tyJrty rèwrfs and r8tWn5." or certain disdosuresoftNstee5' r8rtMKth SFJ ty ncl m•Je," c have ts)t teda Ihe nfoffnakn aTrJ nalrns * qre1cl Dura1¢ or thetrLthes' were not entilW to rxwe the strwts in tsYdeWith thè Sm1 comparies regime tske athanwe ollhe smal rJJrP. 4¥enpbS in weparng tho tnM•' rewt and ftun th8 requkmert to pwrg a strgr r8PQt R•8ponslbllkn of tru5t• e>planed morefuty knlhelNste8s' re5pMalle8 sterrf the trustee8 re¥orth&forth• Fyeparplon cl the nar%316tantssndIorbeffto twtMI wea Ifue aTrJ farvitsv. forsuch kntemal o)ntrol'asthe truslees determine is necessary to 8nabb the preFofiM of ements that are freè frL¥n m8terfal misstatenwnl, Whetherd to fraLJ In prwrirvJ Ihe fm8nck81 statth7, th81Juslee5 we rewxsi)teforassessingth¢ ¢haWBgbiltylo c4rthuè as 8 jing concem, dr8thsirvJ. 88 w11c). rnattus r8LJ lo ¢¢mrn usTrig the wng CLJnc•m basb of Counts'ng un&$ the trLtheJ ehw f4ui# thè (wty tx to C88Se no r8allstlc lemalive but todo so. Audllorf• rn5FwlbllSth8 forth• audtt otthofiTr•nclalsWwnw Our obj 8reto oblan rea9cnJle aysurw abythvfftthrtheftrCd statements 86 awholearefreefron ra18ri misstalern&ts, whether due to fra1 or ernc¢. and to issue an au(Jitorts report thai Includes our cpinion. Reasonable 855LThKe ig a hwJh W clasSur. but ¥ rc4 a guarante8 th81 an CdUltsd ii accordance vthth IUKlwJaN¥ay5 ¢8 rnatwwl rr1sstaeTrtwh kexists. &s18tnts ¢anwi58 ffcm fraudorerror d are Cowide ma8ri rf, IndNidu the wJgeg8te, Ily reasb to inffu8nce thè e¢00M1¢ thi$i¢ns clusets taken on the bm(rfth frtancial stnents. Iryewiaritia. fraLhd, are knslw¥ 1>KeY1h reguW0. We dats predureS In line with our resF¥Jngb1lit. ¢yrtn The. to d6tttt m8terFJ 5$1aDts in res[ Yrg3ukribe& indudlng fr8ud. The spec¢ prthjures 6)r this exlent to whKh Itwi We pable of delecting Irregubths. inetudNJfrdud i8 dgbled betw. We gainedan Lndergtanding ofts1¢981aTrY regLdthYfTrrnth%rJ wlrAbkntoI ¢Waj cperes and considered the risk cf IhethBrity Ml cCp1gwh thewJabte and regukti incl1 trdud kn p8rN>Jlar those that coukj hasea maierial irpxt L¥)tt s1rn. This Inckjdedth regubtiorts dir&tty rekted to Ihe fjnanca81 stalwnents. In relat to the tharty thk8 aMpwDt law. financ5d rewting 8TrJ & The r[SksweredcUsS8j tsaLJitteanwKI we rattO•)Ydafn9rnomp]panC0IlughIyrt 8udL We CjtSafiC pTree$ to athlressthe rks These ludd the follovYQ'. reMeNed sy3tWrn8 and w(KeJwes lo lllenl.fy [) areas of nwiagenl override risk. pwticuLir. we carrd oui tesb"tYJ c+ iral other acrients for appropr&9 and waluthg the busiss idw)tfy unusual 10
CAMBRIDGE & DISTRICT CITIZENS ADVICE BUREAU
Independent Audftorfs Report to the Members of thè Cambrfdge & Dlstrlct Cltizens
Advice Bureau IGontinuedl
undetying suppJrtirvJ dcCUrnen.
r8gulation5 4)pIKale totheorgrnatsyi.
R&3iSter reF¥%tr h IPIg rw.
k)r the reF4Jbw aflnclonts b thgTwse Bcwd serf lrtKJ8nt rewting cl any 8uth matter8,
Becawè ofthe Ytherent limitzttons ofan there i8a rk that1 ncl det9# dl irrewl¥itw, Sncludng those
leadirrfJloa malerial misatem¢nl IntheffiwIaIsta1erm 1{nplancWrth r8gulatK)n. Thi$risk increases
the more that with a L8w C reguLon remo from èva and transacbJn5 relleded in the
finanLIg1 st8téments, 85 we will te less ely to tse¢ 8•Are of in$w¢es cl toMPlI8n. The risk is aLs0
greatw wardiw irwuknbes cwJmrrtJ to frwd rntsth8n etrcr, as fmd inths intenbon81 CO1nt,
A further descript ol our réspon5bi ilitEs y3 on the FYBncbl Reporfng CThmefs websle at..
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Thi4 dthpt
frn partofour8udrtorf8 repJL
Use ofour report
Th1¥ rnpjrt h made the ccfflps ag a b>, in ac0xth• wth Chapter 3 Df Part
16 of the Ccmpanies Act 2CQ6. Our vKrfk ha5 teen uNlertaken so that wa rnKJtrrt state to the chwilab
ccmpanls rnerntér5th088 mgtters we•e rwuwed to #ale lothem in w¢ aLCT SluWAu(rty)
for and on bthaif of
PRICE eAILEY LLP
CharteredAco)unlant8
$13tutory Audttor5
Tennyson Fknuse
Bu8ine88 P•k
cld9
CB4 OWZ
Dak.. 18 October 2021
11
CAMBRIDGE & DISTRICT cmzENS ADVICE BUREAU Statement of Flnancial Activfties (Including Income and Expenditure Account) For the Year Ended 3191 March 2021 20 rotal ftwd 2020 Total nd• INCOME ANO ENDOWMENTS FR Donations. Grants & Lega$ Chtt8ble Admtles Othw Tradir Investment Incon Property Rènt & Hi Bank Interest O¢hor Incom& 2 61.705 3 60263 790,429 73,519 852.135 757,878 133.772 177,472 85 25,933 480 2,848 7T,972 1.276 480 Total In¢om• 1253B8 26,933 863.W4 1.01fj,167 1.014683 EXPENDITURE ON Raising funds Investrnent Prowrty Other Fundraising Charitable a¢tivrti08 Advlrl Promsic Partner FdwIg 10.395 10,395 35.361 12.761 47,804 2.168 33,205 72.S%7 15.840 782.868 29,780 871,674 876.983 29,750 33,396 rot•l •xp•ndftyro 71,123 28.235 845.822 947,180 970,944 Oth•r Recowlwl GalrAI(Lo•••81 Galnsloossesl on revaluion of Inveslmenl p(opety 41.000 Transfer befvRen Fund6 302 NÈT IEXPENDfTURE)nllCOME FOR THEYEAR BEING NET MOVEMENT IN FUNOS 49.161 18.126 67,987 4,740 RECONCILIATION OF FUNDS Total funds bght foThvard 80.837 S67,C(l 78,716 1.028,SS3 1.8*3 TOTAL FUNDS CARWED FORWARD 130,898 867,000 96.842 1,094,040 1.026,653 AN Inry)me and expenthlure has 8ri6en frimn aclMti&s. The rKrtes to owowts are shown 15. 30. 12
CAMBRIDGE & DISTRICT crrizENS ADWCE BUREAU Balance Sheet As at 31 March 2021 20 Totsl furKIs FIXED ASSETS Tanglbl8 fLx8d assèts Investments 10 11 595.198 767.51XJ 615.012 767.$00 TOTAL FIXED ASSET8 1,362,698 1.382.512 CURRENT ASSETS Debtors Cash at and Sn harttl 12 37.692 64,763 526,566 429,814 TOTAL CURREKf ASSETS 564,257 4¥637 LIABIUTIES Cra1t5.. amounts falllng duewlthn one 13 (165,452) (163, 173) NET CURRENT ASSETS 398,805 331,464 TOTAL NET ASSETS 1,761,603 1,713,975 CredSlor8.' a1$ duo after than 14 on• yoar 1886,Wl (887.423) NET ASSETS 1.1)94.S40 1.026.SS2 FUNDS Rè$lricd Fund8 96.842 78.716 Unrestrlcted fund$ Ggner41 Funds DMlgrwt•d Fwds 130.898 1,8JT 867,¢XM) 867,C4)) TOTAL FUNDS IW94,540 1.02Q5S3 The note8 to the a¢nts aw sh¢Jwn M pw 15- 30. Thèse financ statements ha been wèpared aDj)rdan wilh spedal w5(or of part 15 of the Companies Act 2( relatkng to small charitable QXffjple8. The finandal stat•m•nts re aFfKoved ty the Board of TNstees on August 2021 ajd Signed on ther b?har by.. DrGAReid-W Chaifman - Honorary Treasur 13
CAMBRIDGE & DISTRICT CITIZENS ADVICE BUREAU Cashflow Statement As at 31 March 2021 2020 rotal nds Toi•l lunds Cash flows from Oan9 actknlies.. Cash used in operdbo Interest paid 121.342 P5.542) 79,507 (28. 145) Nèt c•Bh provfd•d byllused In) operatTng aclivilles S3, 162 Cash flows from wiv8sllng actTrMties'. Purchase of tangible fixed assets Interest receNed and rent from in¥eslrn•rrfs 16.1891 26.413 f4 189) 79,248 N•t euh u¥•d kn In4*•tlno •ctlvltkn: 20.224 71.059 C85h flows frorn financang actNItt•s: Loan repayments kn y4r (19.333) (24612) Net ea8h u4•d In Ilnon¢kng 119.333) (21012) Changè in Cash and ¢4gh oqu5vaknt8 In thè Mporting porf¢)d 96m1 96.809 Cash and cash equivalènts at tho begrn¥ng of the reportwig perbd 429,874 3311705 Cash and 3 eqthiak8nl$ althe end ofthe f8POrtlng perf¢)d S21666 429,874 Roconclllatlon of n•t Incom• to n•t ca•h flowfmrn operntkw actlvll 2021 2020 Nel IncomÈlleynth1u) br repwbng pwknd (as per the stsiement of ffinancial actlvitiesl Adjustments lor". Depreclatlon dlar IGainslthse5 on Inveslments Interest re1ve and rent from In51[rntI Interest paid D•L¥e8Sellncre} In debtors In¢rea8e credKoT8 87887 84,740 19.814 20,515 [41.0) (79.248) 28.145 1&415J 71,740 P8,4131 27,072 Net GaBh provld•d by operntlng actl¥itieB 121J42 79.SiV N•t D•bt Re¢onciliatlon Atstart of year Othér non. ca8hchany8 TAnsfvrn . Totsl Cash 429.874 s.1 Loans falling due willn one 153,856) 19,333 Loans fanlng due after than th)¢ year (1 T¢)tal (311.4051 11U124 526,568 153.1781 {18.655} 18 1,806 1193.STS) 14
CAMBRIDGE & DISTRICT crrizENS ADVICE BUREAU Notes to the Financial Statements For the Year Ended 31 March 2021 Ac¢ounllThJ pomclos The principal acujunting polKiesadopted. judgemthsarJ keyyJTts50fosthmaiion un¢Tknnty knlhè w•paration of the finanri31 staternents 8re as foll17W8.' •) Bas18 of pr•p•ratlon The financial statements ha teen prepared in cCdanCe with Attntry19 and Reportlng by Chariith.. Statement of Reconwnended Practice WCable to charities preparing their accDurts in accordance with the Financial Reporting Slandard applvbkn in the UK Republ of Ireland IFRS 1021 {thive 1 January 20191- (Charities SORP IFRS 10211, the Financial Reporlir¥J Standard applicable in the UK and Republic of Irelarbd {FRS 1021 and the A¢1 20C6. Cambrfdge and District Ciiizens Advice Bureaj meets the defirrition ofa pubkc benefit entity under FRS 102. Assets and 1'a'11t1 are inrtrally recogntsed at hisloricd cost orlransaction lue unLqss olharwisa stated In th• rèlevant 袢XJuntr@ pc4Ky $}. bl Logal stath of th• Charlty The charity Is a company h'mited by W4rle¥ and no sh8r• Ca1. In fv tnI oflhe ¢h8rity bglng wound up, thè li8bilily in r&spe¢t ol Ihtr guarantee is limited to £1 per ffber ofthe thanty. There are21 mernbers {2020.' 21 members). The registered offK6 addres81166 [knlre Road, Cambrldge CB128L. ¢) Golng concern Th8 tru51w n$er that Ih•rn ore no matsrial urwwnfjes Cambre and Dlstrict Cthzen$ Advlce Bureau's ability lo continu• aB a 90iig concem. Wth regard Ihe year, the m051 significant areas of urertaInty of Cwnbridge ond DistrLt Citizens Adv¢ce Bureau are the knl d grant funding which needs 10 ba roised each and every year and is cover¢d in détail p&tsmwnc• and ri8k sectK)ns of the tru8tees' annual report for more information. Slnce 31 March 2020, the spyead of com19 ha5 Jeverely Irnpted many economies around tho globe. In rnany CountrS. businesses ar8 bw'ng forced lo cease or limil 0[allOnS lor kjng or indefinite periods ofllmg. M¢o$ures t8k¢n to ntaIn the sprn•J of the viw$, induding tra1 bans, quar9nn?S, srKlal di8tancing. and cl%ures of non-essenlkn?l have triggewd $ignrfKanl ¢Jisruptlon$ to busines$ worldwide. reSU1ng in an economic 8lowdcA. Glcèal $lock markèts have also exp8rianced great voLqtiltty and a signifi¢onl we•nlng. Government$ and ¢entr81 banks have responded wrth Monetary ?nd fiscal inlervenlions to stabilise eCOnorn conditions. Service de&¥ery has been adapted a5 detaiked nh)re lully in the Tru$lee5' Report and the Charity has determined thal there are rKs adju51ry subsequ8nt 8vents as an effect of COVID-19. Accordingty. the financK41 poslion aNJ rgsums of operatIn8 as of and for the year ended 31 Morch 2021 have )t been affjusted to reflect any irnpact of changes. The duration and imp8cI ol the COVID-19 pandemK, as well as the effectNeness of bTr)vernment and central bank regpon$e$, remalns unclear al this time. 11 not FQ53ible to relialty e5trnale the duration and severty of these con5equence8, 88 well as their Impact on Ihe financial positKJn and TesuKs of the Charity forfuture Perh6. dl Fund accountlng Unreslricled fund$ or¢ avaik8ble lo spd on acbvthes thal fvrthef any of Ihe Ntyposes ¢1 tharity. Ignated lunds are unrestricted fvnds of the charity the truslees have decided al their d1sfftts' to sèl aslde t¢ use f¢r a 5pedfic purpose. The am and purpose of ear dgnaled fund is set oul in the notes io the finandal 51atements. Restricted flmds are Carnb aTrd District Citizens Advice Buau,9 work or pr(4ects belng undertaken by Ihe charity. The ¢05101 rai%tvJ and adrrinisteriTrJ Such fvTrJs are charged ag8in51 the specific fftjnd. The aim and use ofeach material deTrated and rest&Y fund is set wl in Ihe notes lo thefinandal Statew1% Inveslrnent income. g8ins and losses are alocated to the 8ppmwate fund. el Income All Incom8 Is r8cc¢Jns8d in the Statstnenl of FinarKxal AL1&S th& charty has entitment to the funds, It is probable th8t Ihe irrDme WAII be Tecwved and Ihe arrrf)t cw be nwsured reliably. V¥her8 rKYJtne ha5 lated expenditure las with fundraing or contracl income aThJ partner fiJnthTrgl. the Inlrne and related expenditure are reported gro4 in Statèm¢nt ot FinarKiI Activilio5. 15
CAMBRIDGE & DISTRICT CITIZENS ADVICE BUREAU Notes to the Financial Ststements (continued For the Year Ended 31 March 2021 Donab¢)ns. grants and gifts are recogni8ed when reC£wdb. In th• ent that a grdnl i8 6Ltbiect to fu11ng performance ¢¢nditions tfore the charity entitled to ts funds, the in¢(e Is defer and not recognised until it 18 prots8ble that thos6 (x)nditions wlll be fr11d in Ihe reportlng period. Inme from &"ft tax redaitns Is recognised for any donatsons wilh relevant GiftAid certbficates rwTh"sed in irorne lor the year. Any amounts of Grfl Akl not re¢eived by thè year end are a)))unted for in irKorno and xcrued i11)rne in debtors. Income reV8d in advance for a firtura fdrakng orky a want r•¢eiv>l rj trJ the fdl(y•Ang year arg deferred untrf the c¥bt8rla lor irbxrne r&J)gnrtr( are met. Interest on deposit fvnds held is cluded vthen receivab ST the anv)unt can be rneaSu reliab by the charity which is norm311y upon nob"fi¢8tKJn of th8 Intere51 pakl or payatle by bank. DNldenas aré reo)gnlsed onc¢ the dfvldend has b88n dedared and ThAifirAl)n hes recl¥¢d Of divthid d. This Is normally upon n¢tifKalion by tyjrimstment ath4iKrfofthe dThridènd eld olthe Investment porllolkj. Incom& lax recoverablo In rtion to Inv•stment ncom¢ iewlsed al Ibe twne ts IrNèstrnent irwm? Is receivable. l) Exp•ndknrre and Irreet)vernlJle VAT Expenditure 16 recognl$¥d orKe ther8 & 8 legal or construrAfr4e ot4trJadon to make a paymertt to a thSrd party, 1118 obabl• Ihal Settthent be r89red and Ihe oflhe obligatn can b&mted r¢lL•bly. Wl exp8t)dltur• 18 accounl8d for on an accrua15 basls unIrthe Idkjwg an9$.. Cos18 0fr8k8lngluThJsc¥)mprlsethJndr4is cost• knrTed In 8e8kry d¢Thlknn3, granl$8nd kng8d•s. IncJude8 staff tlm• as w•U 86 adoltlonal supwt and costs. Inv8Stment propgrty kncryne and expdite relates lo the firsl floty tenant acuJmmo¢atKJn and Me?n9 TOOrn avai18bkn for hire. An anocatlon based on 110 area136%1, of premi$05 aThJ loan intera$l costs 1$ carged lo Ihl8 88 wdl as dlréct costs 8sxKiat•d wth •x¢wnal booknrvJ$ aThJ hw ExpeThJilure on charitable aLYfvrfOes Irud&S lh• (xists rApYovldtr& Wst And genoraSt fjd¥l¢• to cll•nt8. and the assoclaitsd support costs. rtner fundlng ¢0818 reLgle io those pArtB •v•rd to 8 pr pwtner. In Iho30 85 th• bureau18 Iho lead grantea. Support cos18 ¢ximw18e o)sts wh we lTh)JrrgJ dtr•cty tn wpp)rt of expendiiur• on cbjec18 01 the charity and thdude governarKe cxjst, financ4. and ote rn51s. GMOTh¢e c#Jsts arè Iho$ts [$t5 Incurred In ¢onnectlon Ihe Mrnplionco wrfh o)nstrtLrtSonal and 5tstut¢Ny requThnents of the charity. Irreierable VAT Is charged 83 8 ¢t againsl tho KtNty forwhkh Ihe wre was InuJrTed. Suppryt costs ar8 aUo¢aled to e8ch ol the actMts on ong of the lolkiwino the basis: either floor space or staff time or staff head¢ountdependng on the naknKe olthe supportco$ts. to best alorat8 the co$lslo each altrtbulable headiTrJ. gl Volunteerg The value oflh8 ser¥e$ proytded by?JnteOrs is Mt ¢4111 intothe5elknarKlal statements. Furth¥ delalls ottheir conlribufjon are proed in the Trustees, rw)wL h) Flxed asBots Oepreixalxjn is provided at the followk)g rat•5 in order trj Ynite off assel ovgr tts estimated u8•ful Ilfe. FreehLld wjperty - 2% on cost Fixtures and frttlnos PaYrntI on account offlxed assets . 33% on gxl and 2S% on redudru ba19 Computer equip¥n8trt - Tr)1 pro¥td&l . 33% on cosl Any tangble fred asset or software (xisiTrJ £1.( or less Is wrllen off in Ihe financial stst?ments In th8 year il is acquired. For 8ny such as58t Costing mcffe than £1,iD) ¢pred81N)n is prov*Jed to wrile off the cost5 over its eslitnat8d ¢¢onoffi¢c Ilfe. 18
CAMBRIDGE & DISTRICT CMZENS ADVICE BUREAU Notes to the Financial Statements (contlnued) For the Year Ended 31 March 2021 The need for any impainnenl of a ffixed asset writtrdml 15 considwed rft 15 CA)ncem over Ihe csrrywig vu of sn ass8t and is ass8ssèd by cg¥wirNJ that ¢arrying •gain$l tho Va u$e or realisable value ol the assèt when appropriatè. 11 Imi•stm•nt property IrNesbnenl property 1$ shown at rTh)$t recent and re•ahJated by trustee$ at year end aThJ is slated at its fair vatue. Ary 8ggregate surptsjs or def1t arisiry frorn caroes market valuo * transferred to o revaluatlon reserve. The investment property was vabjed by Kate Pmctor IRICS registered valuer) of Carter Jona8. 1 Station Square. Cambrtdge C812GA on a fair value basis as at 23 April 2020. At that lime the Valuati reflected the most recent relevant wdencg avalable bul du¢ lo uwlwnty a$swated wilh the impact of the Covld pandemic on propoty value$. this had been Issued subject to a"Valua) Unc&rtainty" dause which is the approach reccrfnrnended by the RICS where the valuer concludes there rJ material uncertainty. This clause has suic6 begn remove(l. Trustees hava agreed. after consultation whh Carter Jonas, that the Cuffent valuation reflects the lo¢a] propwty market. 11 Operatlng Lea••i A1$1$ pald under oporaliNJ1oa8ts ¥tr tharged to th8 Statemerrt of Flnanaal Adpiiti88 on a 8lrd9hl In• ba818 over th& ptrtod of tho leas¢. kl Debtors Trade and Lth•r debtm are rgnISed 41 tha selllem•tt arno1 du8 after any trad& discount offered. PrtP8ymenls are valuod 8t t amount prepth nel ol any trade discourrts due. knrued incoma and lax rècoverable 1$ In¢luded al Ih nosl esUmato of the Anxwnts fecefv4ble at the b81ancA shoet d8t¢. 11 C•Bh at bank and In hand C88h ai ba and cash In hand IL$ cash and short t•m) higw Ik1 InatMan15 with a short maluriiy of three rnonths or lèss from the date ol 8cquwttion or opey¥ng of the dep)sit or Wmilara0unl. ml Cr•dlto Creditors arè ro1$¢d where the tharity wesent obl'gatw resul1r a p8St event Ihat wlll probably result In the traftsfw of fvnds lo a Ird party and the arn(t due to seltle the oblNJatK•n can be measured OT estwnale rdlably. Cd0T8 8r• ncrfmaly r8cogrus8d atlher settment amount aftw allowkng any trade dlscounts ¢e. n) Flnanclal In8tNmfrnis The eharity only has finandal assets and fin&ni¥ liabiTriie6 of a kryid Ihat quify as ba8tG fknandal in8trurnenl$. Bas¢c fin8n¢ial instNThnls are Initial reo4Thsed ai trartsaclion value and subsequently Measu at their Seltlement value tho exceptK)n ol bank k)ans whkh subsequ•ntly m•asuf8d at amortised c[ uslng the effectlve inteTOSt mèthod. Flxtd 8ssé1$8rtr1ued ald$pre¢>at ¢o$18nd knvo$lmentsattslrvaluevknith18 markot value. The hisioral cost and l$$S¢S ar¢ separalety dis¢lostd wlhin note 11. ol pen0 Tha charita• (x)mpany conlrbutes to employees. rSOnal pension 5themes (defin rnntributH)n 8chernpl. CtrIbutionS a charged to the Slatement of FlnarKial Actk¥th"es in the perlod to they relate. pl Taxatlon Th8 company 18 consldered to pass th• l•sts set oul in PaA9raph 1 Schedul& 6 of tho Finance Act2D10 and thelOr& it meèts the dermOn of a charit c31 for UK corporat tax purrA)sts. Alrdingly, the company is polentialty exernpl from taKatNJn in re5P&Ct ol Irthrne or capital gains recer¥ed within calegDriPS covered by Ch4Jlef 3 Part 11 oflhe T8x Ad 2010 or Secti256 oftho Taxation of Charg•abl8 Galns Act 1992.10 the ¢xt¢nt that 8u¢h irtyre ¢ gains We ar¥JL*d exclu5ivety lo charitsble pvrpose8. 17
CAMBRIDGE & DISTRICT cmzENS ADVICE BUREAU Notes to the Financlal Statements (continued) For the Year Ended 31 March 2021 91 Prop•rty Fund The most nfficant areas of adjustment and key assumpt#ms that alfect item$ in the a(tounts are to do with a reallocation of assets Into the prq)ety fwml and the vduatw ofthe in¥&slm¢nt pvopty disdosed withln noto 10. r) Estimate¥ and Judgernents Estlm8tes and I]geMents are conlinvaty evaluated are based on histor¢al e>perience and other factoTr. including exFectaliorts of lutur8 thnls that are beiiev&J to be r¢a8onablè underlhe CiTcum5tances. Although theseeslimates are based on the trusl8e's test kncyledge ofthe amwnt, events or acllon8. actUg1 results u#imatety dfftrfrom th8se esb"mates. INstees do noteonsidar there to beaiy material eslimaies and ludgements except frjr tho vauatKffi Dfthe Investment propety as disc1ts6ed wff¢hin Tr)te 10. Sl Redundancy and Tarnilnatlon Redundancy and termination costs are wntsed as an expense in the Stat6mBnl of Financial Activities an(1 a Ilability on the BalaTKe Sheet in181Y * the p(xnl the charily is damonstrably committed to eilhw.. al Temln8le the empkjyment of an employee grOUP ofemployees béfore rK)rmal retlremont date.. bl Provide lerrrinatTh benefits as a result Lrf an offer made in crfder to 8ncourage voluntary redundancy. Th8 charity ts consKlered to be demorthbly committed only when it has a detaikd formal plan for Ihe 19minatn and B wthoul realislic pDssibility of witlylrawal from tho pl. The charlty will accounl for temknallon payments al the point at whh th• offer ffJ accepted by the employeo. 18
CAMBRIDGE & DISTRICT CITIZENS ADVICE BUREAU Notes to the Flnanclal Statements (continued) For tho Year Ended 31 March 2021 UtWOSlrf Do8linbt•d R•8trkt•d TOTAL G•rw•lFwls FId Funds Total Donations. Grnnts & Legacies Dona03 & Charitable Tntsts Gener81 donations Charitab18 Trust5 8atterson-Chwers FoundatTon Ch8dwyck-Healey Trust C8mbd¢geshlr¢ Community Fund Pye Foundalion Patron & Staff Fundraiskng Evants Grants 87 11.227 4388 1.500 20.000 10.cw 10.000 6,000 13.065 780.342 75V,342 20,000 13,Cfj5 10.¢J]O 8,876 712,615 11.705 79OA29 8S1136 757,878 Prforygar Donatlons & Ch41i14bl• TruJis GeneIdOnon$ Charilabl& Twsts Batters¢)n.Chrrfers Foundalh Chadvryck-Healoy fntst Founfjallon Palmn & SleMFundral Events 7.758 630 8,388 20,000 8,875 711,969 711615 646 prtoryvar 4&279 T11599 757.878 In¢ludod In grants ab¢¥0 is £479,771 from I(al aulritte3 (see nrAe 14a lor fijrther detai151 {2020'. 475,593). FdIng fe¢eived frC South Cambridgeshlre Eistrict Coul1 I4d•S £29,7SO paid lo oiher bureaux for partner projecls 12020.. £29.750} Is8& Also Not• TJ. Also iidLKlad abov8 is £3.010 in fundhg from Cambridg8 Clty Councll carrfa(I foward lo spend (n futujp Ye th xtord*K4wlh grant condttion$ 8$ shovm kn nolo 15& hafltable Actlvld•s 20 TOTAL Contra Casework tratriTrJ and conSnCY Other trading 73.445 133.698 74 74 176.480 991 8S Net In¢orne aTknlng from ch•rttabl• aclMtI•• 10253 n.519 133.772 177.557 Piiorye4r Conlr8cts casewo traIng and cons ¢>hgrtrothng 17¢480 176,480 992 85 4L 177.on 17T,557 19
CAMBRIDGE & DISTRICT CITIZENS ADVICE BUREAU Notes to the Financial Statements (continued) For the Year Ended 31 March 2021 Invo8trnentln¢ome 20 2020 Rènlal Income.. Tenant rent Room hlre and oth8r ch8rgoS 25.858 75 72,486 4.337 1, 149 75 Total Incomè from rnntal In¢ome 28.933 25.933 77.972 Galn on Vestman1 prop k int8rèsl 41.009 1.276 480 Totsl Incom• from galn8 on 5nv•slrnnt 215,933 26A13 120.248 Phor Yo8r 1nvAftml Inwne Renlèl In¢ome.' renant renlol Room hl Calering anddherch8rg88 72.480 4,337 72,486 4,337 1.149 To1411n¢om from Y•nt•lln¢om• 77.972 77972 Gain on Investm•ftlNopgrty B8nklnt8rnst 41,0 1,276 1.276 rot•lln¢om• fronj g•IM on thv•4lm•M 114972 120,24 othor In¢orn• TOTAL Corona18 Job R8t•ntwJn S¢h•mo 2.848 AntyBls of Totsl Expendltw•- Cumnt Year Olr• oib•r Support 2021 Totql Cost of raising fundB Inveslment property Other fundraising 10.395 10.395 35.381 32.678 Charitable activlel•s Advke provlon Partner costs 1683 10,395 45,757 587.712 20.$22 29.750 283,440 871.674 29.750 $87.712 10.272 281440 901.424 Total eXpendire 620J90 52.955 274B36 947,180
CAMBRIDGE & DISTRICT CITIZENS ADVICE BUREAU Notes to the Financial Ststements (continued) For the Year Ended 31 March 2021 Anatysts ol Tolal EWIdI4+- Prfof Y Oth•r $wort Totsl Costof raising fun(ts Investmentprwty 0th8rfundralsl 12.366 t2,76f 4T,8Q4 36.717 11,08T 36.717 11.482 12.366 6(1,565 Charftable actlvlU•s Advice provis Partn8rcost 1.681 52,922 33,396 262,380 876,983 33,39 561,681 88.318 262.380 910.3Yg Total•xpen¢thrn 594 97,799 2T4,740 9ro,944 Support costj Includ?: Colt ol Rllng Funda Investment Propety 10.395 12.781 Charit•bl? ActMtkn• Salaries TrnIry. trawl, reLxulm•rt Office adMlStraI) Premi$o$ ¢os¢s Audit Legal Fvofuglonal fees Property valuatKJn fees Payrol and xcountlng fees AGM Bank ¢h IrreCrable VAT 8S,680 18,514 86,969 64.811 6,120 1.798 77.452 31.355 49.279 74.332 47S 3.189 148 4.306 1, 795 T59 14127 15,878 273.835 274,746 tLe within 5UPWt 8re g(NeMan lol(Yw8: Al11 AGM 6,120 The ba81$ of Support ¢osts •1kx8tion is set in ¥ccwntity p)Ir¢y 1f. Partner costs TeL4te to jolnt proleds ere Ihe bweau Vds ad for a group of organisations. Flnthng receN8d was pald dwedy to partners for Iheir own prOjt ¢))sts. £29.750 reNed from South cambt1dgoshi Dtstrt Council went to CitizensAd¥lc¢ rth Herts (£17.8501. C6tYLens Adv8 Suffolk West1£5,9501 and CilvLen5Advic8 Uttle8ford1£5,950). Prfor Ygar Partn8r costs rèlatè to1n1pMi8S where the iwrnau was lead fora guP of owanisalions. Fundlng fgceN8dwas PaAdout d1rnetlytopartll8 fortheirownproieclcosts. £2,7 received from South Cannd988hir slrict Council bvgntto CJttt6nsAttwc¢ North Herts f£17.850). CitizensAdviG8 Suffolk West(£5,95QJ anLI Cltlzens Advlco Uflosforcl [£5.9). £3.646 Irom 8tg Lottery IH* thffcw Qi&sJ to James B8dd8lèy Consultlng 21
CAMBRIDGE & DISTRICT CITIZENS ADVICE BUREAU Notes to the Flnanclal Statements (continued) For the Year Ended 31 March 2021 Analysls of staff costs and kny Managen personnel Wages aTrJ SBri Socral sécurity costs Pension o)sts 615,7T8 46,298 588,658 46.917 40.275 706,071 675. Tha charity Iru$tee$ were not paid or recived ay othw benefrts Ircffn employment with tho bureau12020: £nir). S1¥1 seCty ¢0818 abov8 exdude tl annual 8mpltymert kn¥nce of £4.COJ from HMRC12020'. £3.0001. Thè bureau pay8 a 7% LwIrt)thion to all pens[181g 14% over the mknimum r•ty•'r8d under auttr8nrolment 8th8me rules). The awagfr mmlhty Nmber ofemployees during Iht yearwas as follows.. Chlof executive Advlsers and spetsafj518 AdrninLslrati¢rt Ind 8UPPryt Prolecl stsff 11 10 27 No •mploy•e¥ who$8 tot¥1 employe• bwtfft8 pernknn &trj08 èamed over £60,OCKJ (2020: No employees). In addition to the paid staff. the chaity has the ust of highly Ifained and profa56ional volunleers. 83 volunieer812020.. 1131 gave over Itme at £462.005 (2020.. £446.1241. This o)st has nol ben recognls811 the aecounts. Total rOThnera pold, kndudlng •mF4oyers' NatWJM Insur 9)ntrtIons. to ihTe8 Kèy Management personnel In th8 year, inth("ng pension cortribubM5. 8 £141411 12020.. Three Key Managemenl pgrsonnel £125.4521. During thè year a number ofredundan¢xs plac• after full c1Jra1n and agreement by lh8 Board of Trustees. The lotsl payments mad¥ re £4,55212020'. £nll). The pol15 lo •CnI for t•rnilnalion payment$ 41 the pdnt 8t th offer Is cc•Ftsd by ernpbY. N•t Incorn• 20 Net In¢on h staled after ch8rgkng.' 19.814 Auditoys r•mtsrffjTatloo.' For audil seMce5 For acTr¢arry seNces Operating lease rentaL. 1pment 20.545 6.120 1.975 35.875 37.827
CAMBRIDGE & DISTRICTCITIZENS ADVICE BUREAU Notes to the Financial Statements (contlnued) For the Year Ended 31 March 2021 TanBlblo Flx8d As89ts Frn•hold COST At 1 April 2020 AdditKJns 741.770 142.389 149.516 1,033,674 As al 31 March 2021 741.770 142.389 149.516 1,033.674 OEPRECIATIOhl Al 1 April 2020 Chargè fory8ar Elrnlnatad on dtsposal 141.734 14207 129.4x1 4274 147,509 1.333 418.663 19.814 A8 at 31 March 2021 155,941 133,694 148.842 438.477 NET BOOK VALUE Ag At 31 M•r¢h 2021 sa5211 B.695 673 $94198 A$ 0131 Math 2020 12.969 615.012 11 Inveltments •) At start of tha yeor Unrealised qain on revatLW 767,500 726, 41,C Al the er3 of or 767,500 767,SCtI Hlstorical cosl £570,WO12D20.' £570.OC(11. TIE prorerty has been by thtr TnJslees folwng consultatton durin9 the year with Kate Proctor IRICS Regtslered Valuefl of Cartef Jtsiag. 1 Stallorts Sqre. Cambrhjga C31 2GA. bl Anatysi5 of ii¥estrnent8 Investrnenl wop Unknsted Inv6slm•nts 767.000 726.fK#J Tot1 787,5 726.8C(I There w8r• no invé*ment a$set5 outslde th? UK investmenl ¢))trrJrtses Ordlnary £1 She$ In Ajlia Urnited. Investment propety comprises Ihe let part of 06 Devonshwe Road. See also aceountlng polkny D. 12 D•btorn 2021 Trad8 d•btors Otsr debtor5 Prepayments Awued inccrfne 24,C61 55.T24 330 775 7.934 1.2C 12.424 37,892 64.763
CAMBRIDGE & DISTRICT CITIZENS ADVICE BUREAU Notes to tho Financlal Statements (contlnued) For the Year Ended 31 March 2021 13 Credltors: Amounts Falllng [• Wlthln OM Year Tr&Je u81litorB SAal s8cuoty and other t8xe8 Other credrto Other loans (S noie 13) A¢cruals Del8ired IrKome 28,149 11.512 2.B87 53.178 15,165 15.77T 28.542 165.452 163. 173 Atrruals are payable wAhln th• ernlit temis of assewled in¥olc8s. vth•n Tl¥•d. Deferred Income relates to rentsl income buled in of1 year. Movemonts are as *)IkJws'.
J21 2020 Balanee brought fon¥ard at 1 April 2020 Amount mleased to Ststtmenl of FIn¢a Athty Amunt deferred in th8 year 28,S42 r28.S421 54.562 8.461 18,4611 28.542 Bal8nce carried ICrd èt 31 Mar¢h 2021 28,542 14 Crndltorn: Amounts Falllng Aft•r Mor• Than On• Y•v 2021 Due Sn 1-2 yearn Duè in 2-5 years Oue greater than 5 years 53,178 159,533 454.252 161. 471,999 868, 687.423 18 Operntlng L•au Commltments Equiprnent Th8 follng total oper7n0 leas• ccffjmilThrts ar• ry>mmNted lo bè pald: Expirkng In 1 year EXpng In 2-5 yews 9.307 14.691 25.327 36M26 23.999 Lessor The folov4irna tolal operalthg 48eC¢rnl1tYftts *e cCMItted to be recel¥ed'. 2fy21 rkng In 1 year 137.3rn 19.77S) 137J 24
CAMBRIDGE & DISTRICT crrizENSADVICE BUREAU Notes to the Financial Statements (continued) For the Year Ended 31 March 2021 PAcured Debtg The follong secued debts 8r¢ indLwJed within cTr¢frtors: Other loan8 T20.141 741280 720.141 741280 The I8 due in Ie Ihan one af• owed to Lknty Trust Bank. Al is secured againl the pr¢wwty or Devonshire Road and repayable over 2S years. and ¢n¢£ li J(ty 2014. 11 was refinanced at that d8te from a toan from the Scoal Investment Busthes& mortgage 18 seryyed by a fLxed chary¢ owthe pr¢oety 8166 DonshITe Road. Cambrth3e. Rep8yments of caprtal and interest ar• mad• on a rnonthty ba$k8. Interest payable al 3.1% per aTrnum13.5% In sxemous ye8rl calculalad on a daily basls. Thi3 year we CeIved o three month ¢aMal rp•ymenl lMaaY to a68i81 with any Imp8¢t on cashffi that mlgt4 ha4 ar&th) frtyn the Cowd-19 lo¢kthwn in 2020. Tho carrylng valup ofthe 88sets Bered in th• aCtTh bs £1.302.89812020: £1,341.5121. 25
CAMBRIDGE & DISTRICT crrizENS ADVICE BUREAU Notes to the Flnanclal Statements (¢ontlnued) For tho Year Ended 31 March 2021 16 Movemontln Funds . 16a RtrIcted Fund curmrt>ar AtJ1 March 2D Evetyn Tnjst Big Lottèry.. 11218 (11.2181 (42) 12.063) 185.956} 129 554 18.086 Aw¥ds forA Help Through Cr N8knal Lottery- CorolvrUS Comrnunity Suomjrt Furkl Cambrldge City Cound.. Core Fundirwj Outreach IAt&rk sp8cl1$1 Wdfare Rlgthts Fala1 Capabilty Homele86nes8 Pravention Personal Budgellng Supp¢yi One•off Fundng Citrens pA1ce.. Energy Ad• Prrwmn Hel) to Clawn BEIS Remots IN¢knng Equ BEIS Softphon•s Monoy & P¢n$$ sejL IPAAPS) Phon• & hat Trussell Tw$t F¢odbar Hoty1)& Girton TrAvn Chwly- Oulreath GCP Invesfkn9 Cornfflunltks John Huntingdon Charity south caMd9$$hi[Q Eistrlct Counc4: CO FundiNJ Housing Debl Adbi¢¥ GP Outrèo¢h Carnbrid Housing Socty-Wntsr Cambridge ¢{ThrynrtY FUNI C8mbrJge Cty Foodbank Anglla Ruskkn Universty 2.617 8,749 21.969 {20.9) 1,000 1.789 2(MI.CO) 12CKI,0451 1S0,OQ)I 130.oc 20.0)) I20,0) (35.OCQI 1392511 1422) 1,744 39251 1.089 1.267 8.545 105.675 13.730 13,975 21,955 18.54SI 1105.6751 (13.7201 12,1551 (21.955) {8.OCOI (47,8(Xl 11,5LKJI 11,584) 110.a04} 11,820 47.808 1.500 83,293 81.706 10,804 (85.Tr)01 113,7301 ,000) (12,787) (9.9S9) 12.0631 (8,750) 13.730 12.787 10.(7 8,750 Total 78,716 169.159 1851.0321 96,842
CAMBRIDGE & DISTRICT CITIZENS ADVICE BUREAU Notes to the Financial Statements (contlnued) For the Year Ended 31 March 2021 Restri¢ledFunds- prforye•r At31 2019 2020 Re4tr1cledfunds Evy Tnist Blg Lotl•ry.' Aoknc& Plu$ Awards lorAII 18.659 118.65gJ 2T7 (56) (7,383) fl01.570J 171 Z617 a749 10,000 101.5TO 749 Cambrtdge City Councd".. CO Funth Otsmach Work S1&8¢ lIar6 RW Finartctal CapabllY t.8 200,CW (2Lkl,061) 50.000 (.000) 30,C (30,OOOJ 20,LX (20.LIOO) 35.0? (35.OOOJ 39.073 (39.073) (563) 1,789 Pgfsonal Budgetsng Supwt Ons-off Funing Crllzens Advice." En&rgy Bosl Doal Exlra EnergyAdvice PrwJt>N Hep to Clalm (sgt ty)) He to Cla'm Casebook Glrton Town Gh8nty- O&#m8 GCPlnvesllngrfn Comnms John Hunllngdon Charity South C8mbiidwshire LrtG+ Co#.. CLve Fundlng Houslng DebtAdvic• GP Outmach Cambrfdgp HouslThJ Soclety Cardind Menagemont {Addgnbroolos) Cembrfdge CommtsnifyFund Cambrfdge CrfyFoodb•nk Pr0CtNOrth East Add¢ftbmokes Chantable Twsl l2J2 1,689 (830) {11.400J 1277 (3,27n 102.552 (102.552) 250 (250) (20.852J (1,590) (17.287J 4,883 63.293 17.287 84thJO 8,520 (85,OOQJ 18,520) {8.(ts) (38.360) (48.240) (694) (2aOOOJ 114(lOOJ (528J 38.3fj0 48,240 1. ILY2 25,C 1S.WQ 528 468 Total n.Tg7 889.671 f88lYS¥ 78.715
CAMBRIDGE & DISTRICT CITIZENS ADVICE BUREAU Notes to the Financial Statemonts (contlnued) For the Year Ended 31 March 2021 Thè Evelyn Trust-An initial Iwo year propcf Io GP outr•ath rk finished in July 2018 folkn¥ by a fvrther èxlernion grant for two years. Blg Lottery Advlc• Pl- hjl fundkng h85 tn spont arKI th8 balare con6 only of undepredat8d frxed assets purchased WlhI th¢ fund1J. Blg Lottery Award5 fvr All-to proVe ad>su1 eqonI In Ihtr trankng FddlVe5 at Devon8hire Road for the purpos& of generaling fvrthw rum&forthe bjreau. Blg Loltery Holp through Qlsls- Fwe yeaf lur#110 8UPPOrt kndi4rydus and koy agencAe$ ¢rf8ts casawork 8nd advocacy. FuThJiry instalments span aL¥oss tl bureatrs fInclaI y8ar. N4llonal Lott•ry Corona¥lnM CornnnIty Support Fund- to wo¥&1e c¥lth informatlon and thlc• lo local paople inpacted by the Corona¥iw$ pandemk. Cambridg• City Councll- C¢r• FUndl- To ddNer ¢w CAB seNks lo the penpl• of Carrt)rid90. The dosin9 fund balanc8 consists of undeprnLial•d fixed assèts hased wtth the funding. C8mbrfdgè Clty Councll- Outr••ch-To proMd8 8pedakst to communlty woups on topfG8 Buth 88 houslng and employrnent. Camb9• Cbty COu11- 8pKl•ll$tW•lfarn RW•- To ¢a6vork S dayi A we•k Ind(Ing bBneffit$ apped$ and rew•s•)tation. tr4knln9 and lo exlern ag8ndg9. Cambrfdg• Clty Councll- Hnan¢lal Capablllty. To th•trwnlng of group8 and Indlvlduals t¢ help Ih•m betleT un¢Jefsland how to m8nage ther money. C•rnbrfdge Clty Councll- HornelpBsn•M Pvw•nllon- Spec18t IrPdent 8pOrt. advke and representation around housing and debt issues. Cimbrfdgo C]ty Councll- P•rJon•l 8udgrtlng &pport- advk• to people raceivln Univers81 CrediL CambrSdy• Clty Coun¢ll- On•.off funthng- Fvndlw to SllPFrfYt the proM$lon ol touch screen kiosks In Ihe City. All lundiig has been spoftl and the bolanco r•)nsl8ts onty of unilapre¢ialed fixod a¥seis pUrchad wlth th• fijtyjing. clze¥ Advle•- Eneryy AdtAt• Proqramm•- to defi¥er 1.1 advlc on enorgy awarvne8s and saving& Cltizens AdvScè- Hglp to Clakn -giart awardad for3 yoar fvnthng to Pro1• athc& to dlents on the UnNerBal Credl S¢e. Cltlxens Athil¢g- BEIS Remote Workln9 Equlpm•nt- fo fvnd the Wase of14Jtops an¢J headsets fty use by adwsor staff and vol1ter$ wcklThJ r•rMteJy. FUndTh ojw vk Cltoen¥ fvAvke from tho Departm8nt of Bu51ness, Energy and Industrial Strat89y. C11120ns AdTlc•- BEIS Softphon¢s- To ena tho 8eTrvLe to Increase (xpadty lo rew>oTrJ to the Immediate demand for adwce arising Irorn Covid-19 n a cosl-effecli¥e mBnner. Funthn9 ¢ow*s vla Citizens Athce from the Department of &Jsin855. Energy Industrial Strateyy. cItn3 Advlce- Money and Pen51ons Servlce (MAPSI-TO IrbJease debt adcO capacfty ty fundlffj 8 fi[ time debt a¢fvi5¢Y. Cltizons Advice- Trus$ Tru Foodbank Servlc•- FuTrJkng prowded from Trusseu Trust voa Cltiz•ns Ailvice to provide teleFthone her to fcrfjdbank or F#)tentsl Grton OutrthKh- ser hnded by Glrbn Tcthm one day a week in Gvton until April 2020.
CAMBRIDGE & DISTRICT cmzENS ADVICE BUREAU Notes to the Financial Statements Icontlnued) For the Year Ended 31 March 2021 Greater Carnbrldge Partngrnhlp - knvestlng In Comnwnllles - FinarKe kn capital fLmding toyrdrds the ICT investment ol Ihe Advlcehub Al lundir6 has been spent and the cknirrtJ baLance CA)nslsts only of undepreciated fLxed 8$S¢ts pur¢h¥sod with Ibe tunthng. John Huntlngdon Charbty. Sawgton- spedaht debt eas8w0 for ihe residents of Saw5ton ar the surrounding 8rea$. South Cambrldg•shlr• DlgtrlctcnCll Corn Fundlng- G1 to delw Lyjre CAB servkes to th8 people of South Carnbridgeshire. South Cambrldg•8hlYp DlstslctCouncll- HouslnB Debt Advko-To debt ad¢0 trj local rè8ldents in the Camboume South Cambrldg•shlrn DlStrfetCtn¢lI GP I1ch- Fthdkni9 tts deliw c•Jtr•ach 9onerdi$l 01 Longstanton and Wllityharn GP 8uigerM. Cambrfdg• Houslng So¢l•ty Wknt•r Fund-To thknrgrants to indMdud8 In need on behalf of CambTSdgshlre County Council. caMbdgeShIrQ Comunlty FuThl- £1.OCQ WffltsrApI to wovlde wneryery I1 paymants lo Indlvlduals. Cambrfdgo Clty Foodbank- To wo¥hJ8 hlThng Support to Foodbark vdunteer8 to In9• effe¢lWy with th8 d18nt$ lo Aprfl 2tr20. Anglb• RUsn unIr$1ty- To $iyport hMln•$80$ In Il Co¥TrJ-19 pardem¢ with pport>r pl¥¢ernenl of one student from tho U1¢r$Ity. 16b Unrn•trlet•d Fund•- cunnty••r Al31 TranBf•rn Mir¢h 2021 20 Ine•Th Expndltur• Goneral Fund Do•Sgnatsd funds 66 Oevonshlrè Fload R8v8hJ8lion ReseNo Development R&s•rve Builthng Malntenanc• J.837 12S286 {75.123} 13021 130.698 570.C#JO 197.C#JO .0( 20.CQO (26,235) 302 570,000 197,OCD 60,000 20.0 T¢)t•l D•Blgnat•d Fund* T¢)t41 Urwe8trlct•d fvnds 67.OOQ 947J37 25.933 151.219 {26335> 1101.368) 302 867.000 997.698 UnrestrlcledFunds-prlory f31 G•nef4lFunal Deslgrtaledfvn(h 66 OevonslNTr Road Rov8lu8llon R&seNe Developm6nt R6seivg BIMding Matntenanc8 81016 47.040 (50,269) 2,0 8Q,836 STO,0 7T,972 156,OtYJ f26,213J (51,T60) 570,000 197,000 45,OCiI 80,Ot 4,710 20,0( (4.71OJ TotalDesi9naledFunds Total UnKeslricledfun(ts 781,IXW 118,972 86U116 166.013 (30,923) (81.191) (47OSQ) 86Y,000 947.838
CAMBRIDGE & DISTRICTcrrizENS ADVICE BUREAU Notes to the Financial Statements (continued For the Year Ended 31 March 2021 The 66 Devonyhlr• Road Fwxl relate5 to the propty pwchased by the IAJreau when they moved out of reThted premise6. The fund transfers r8fi8Ct the tpdated net bk vak¢ of tl propetty. includlng in¥estment part, lèss mortgage OUt5tandin9. The aThn 15 to a¢hve SLYpIu8es on Ihe knvestment propety element to pay off Ihe ¢•pitsl element ofthe nal mortgage until l is p off. TNS year the n•t defidl. due to a drop in rental irthme durln9 the Col-l9 lockdown restr1$. ha$ been topp8d up by a sIer £302 from tho General Fund. The RevaallOn R•s•N• is made w) ofthe awmyLqtgJ gah on v4u• ofthe WDperty at 66 Davonshlr• Road. Th• D•vdopmBnt Fund vrds ueat8d from an 8ward frn Ihè JP Goty FOundatn. Thls 1$ bwng held lo wepare ' for expendture on projeds wh&re the tl¢a Mquires to rn8tclFfwJd contributions from other OTgaTwsations or tgonors. This yèar the tund hgs been tOPP8d w) from a transfer frtxn the 66 DevoThshlre Road Fund tD prode Iddthonal monm reqred In ab8enc• olfvnthvJ kn luiure yew5. Th• Bulldlng Mlnt•ninG• Fd wa8 crealed to Sei asldè 088ential upgradè repEawnent of blId1)g Infrastructuré. 17 AnDlyBl8 of n•t aM•ts b•tw•on Total As at 31 MAr¢h 2021 Fl¥ed Assel$- TarMJUe A88ets Fixed Assets. Investm8nts Nel Current Ass8ts LoTrJ Terrn Llablities 2,101 527.695 767,OtKI 239.268 1886,WJ3) 65.401 S95.198 767.5C(I 398.806 1886,9631 128. 31.441 130.698 867,CO) 96.842 1,094,$40 A$ •t31 Mareh 2020 Flxe4JA&sets- Tne Assots Fix&dAss6ts- InvestnnIS Not CvrTÉntAs3ets Long Tgmi 4.047 511.405 767,000 246,018 (687,4231 09.559 615.012 767.500 331.464 (687,423J 76.2AI 9,15T .831 867,Cfj) 78,716 1,026,553 Rolatod Party Tra¢tIon¥ Lhjrfng Ih? year, Ih8mwere rK) olher rdated party tms*tbJns12020'. £). Contlngenl U4bllltlg• 19 There is a potentialVAT Ivablity uThkrthe capit GeLyJ5Scheme, OV6f thtr next 3yewseslimaled at A present vAlu$ of £7,CK)012020.. £7.0001. Thls has arwi due to the level ol taxabfe SUPF4i88 falung in cornparison to levels made when th• Devonshre RoAd buIldr was ng und8rtaken.
CAMBRIDGE & DISTRICT cmzENS ADVICE BUREAU Trustees, Report- Structure. Governance & Management Gov•ming Doeum•nt Tho bureau was 0ri9inally set up as a chaiity in Stptemkr 1939 t1 $ubsequenty ¢hanged Its status to car51able conyany limlted by guarlee by irK1xftN1n on 26Aprl 1996 and Wd5 registered wd8ra n8wcharJty number on 13 June 1. The company is established a Memorandum of Assoaation whkh identffies ils objects and Fh)w¢rs and k% under ts Artlos of A¥wJ"8thx. In Iha event ol the company being wound up every member linduding memter51)o ceased to be membws within one yearpriorto such wkndlng upl b8 rèquired to contrbute to the c4np•Ws 8s£ets amwnt not exceedThJ £1. The Charity5 obje(ts are to promote any ch8rrtable purp)se for the benefit Lrf the c4)mmuThty in the area of the Clty of Cambrfdge. Styjlh Cambr#J9e8hè Otstrict Coun¢4 aTrJ dsowhero Clhe 8re8 b&nefrt'? by thè adwanc8ment ol ed1)rt. thè i¥otectic KI pre5erWin of he¥tth and thè relf of Frf)V•rty. slckna8s dlstre5S. R•crultmont and AppoSntment of Now Trte The nwmurn nurnber of tntee$ is 21 and the 1r1MUM 4. Trurtees we either e5eclgd at Ihg ann1 general m•8Ung. or nomln8tsd by mer ¢ryJanl$8tionts ty o>opled by Ihe tm8t•è board Ipfovid•d thai the number of C0p1ed tsusiees th)es not exceed cTh Ihtrd of the lotal oftrusleesl. Al etected arhj nominated Irusloas shall retir• from office at thè third annual eTaI m8eting eleLtrin (ff appolntmgnt respedw¢ty but may be re-elected or re•ppokntsd a further tefm. In AddKlon to Iha AÈ4¥e truth•s. folMTrJ boArd m••lnp as non-ng membeTB: Rathel T8bot- Ch'ef Executl¥e Rkh8id Curtws. Mori¢e Mendo29- replntIng Il stsff Stephen Thornton, Robin Young- rep¥e5enling the vohJnt•8rs Clr Josè Hales- rawesenling Sothh C8mbndgeshrè Th"stiict Co Clr nda Jones- repreeenting Cambndgesl4re County cn¢41 Ja¢kSe HanSC . obsarvor from Cambrtdge Crty Counc Rathld El Ouar8t- Burs &wort Manager frvrt Clk•n8 Pthlc• Organl•atlonal Struthrn Govemance The organisation has ro de6uipUons lor the tnjstees. the thwrnan, the vk• ch•mi•n. th• honorary tr98$wor and Ih8 cornpany s•c•tsry or•J Ihese we frtffi limè to time. Good gov8rnance18 achieved through1he follmng sUbnmtaè and group structure. The organSsaUon has an Op8rallon8 Commltt8•, a StafflPer50Trn81 ComrTwttee, an 4Jp8als Comnvttee and a Research and Campaigns Group. Each oflhe8e rep110the1nmIee board. The ChielExeuJlL¥e ttdB all rne?lirw of thg sub Mmmitleas and some of th8 wrkIng groups. OTatIOnS Ccthn FLmcIK)ns'. Monitorir¥J, challenging ond •pwo¥4 WtsId of y•ar aOlr01tcctraC18, tralegic and bune$S FlaMlnWsakries. Thor• 15 8 slanthnq 1nwtstl to al 8osrd M8rnbw5 lo atterKI the meel1798 of thi• Mittee ff they 8owiÈh. SfafflPefsonnel Ccffrffliltee F¢1$.. Annual revivw of HR rnatieTs and Tewew of in swff * vohJnl8or Issues as and when 3 Appeals Committee FcIN5.. To pr¢ce65 th$ain8rY 8rnJ isgjes 4th8 aprwopriate stage of the prorndure. R•s8arch and Carwaw5 Gn)up Ftmclions.. To detsnnine the Re8ewch and CaInp8pw strategy to OV8rs8è the walNy ofthis work. 31
CAMBRIDGE & DISTRICT cmzENS ADVICE BUREAU Trustses. Report- Structure. Governance & Management {continued) The Chl8f Exeujth is reSpOlb1 to the Btsard.. for management. dthlopment and 51rate9ic pl to show vlslon and1oJetship n tl ¢onlinuiig dK1pme of CCAB to serve and adwse the truste8 boord of Dwectors n calIg out thek respolbilit$. h rnaNrtalnlTrg an overwew ofthe orgarsaticm aTrJ in rnakwlg appropriate Stratty. policy and finaniya decisions. Remuneration Pollcy. Salarfes follow the MJC guldeThnes and thi5 Sets the (sl oflrwrg Tises eath year. The CEO saary ts revthd by sub group of the board whid) 1$ lod by Chair of Ihe PerSCne1 (xjmrnrtlee and ¢on5ists ol th• Chair ol Ihe Board. 2 VKe Chair and the TWre1. Regulation CCAB Is reated by Ihe FIndar CorJuct Aulhofity FRN.. 617S37 CCAB Is a qualrfbd Liwng Wage am0Yer CCA81s gUlated under the Admce Quah"ty St8ThJard and the m8Y SwvTh walty frarnework In(Jdon and Trninlng ol Trygtw• New Irustee5 are provided 4Mth an 'lnthJcllon Pxk. covemg to8 as k901 statu5 and govemwice. Slructure. 0rganl5atic an¢ staffing. fars. pO¢Y and strai8qy. They are iNl¢d to alt8nd the bureau and obseNg service delfv8ry. In oddition, to famik8fise themse with the chaty •nd the context wlthln whl¢h 11 cyeral•$. new tr¢Jste8s are rylled and en¢ouraged to altend train9 L>>wS wganlmed by Cltlzens Adwc• and lo attend spedalised trainirffJ where il 18 LxJnsidwÈd to be appfopriale. Clllz•Tr• Advle• Thè ¢hariiy 18 9 mgmber of CKiz8ns Athke ICAI 8nd 18 Mgulated ty Its m•mbefthp requlromert8 and rts alm6, prlnciplgs and polkl88. Rl•k min•g•m•nl The Tnjstee B¢ard ha8aw>rrN•d rtsk Ma91)lY1¢mI $tralogy r•trkn¥ the th AsÉa88ment rggul•rfy. CCAB has id•ntW htgh arvj nd)M le oper81knrwl W rlsks In IT. HR ond FInal. Rbsk8 arn Idéntlfied and •¥•htt In the f)Ilwlng W. Reoulw revtews are perttsmd by th8 TN51ee Bowd kn cAder lo 888es5 th8 lthelihood and Impa¢t, relevance of risks. currént slrategs applred and Ihe strh of the 5trateg¢es. The r•8hlu81 rlsk h Idèntified and actlon an¥ are created to fwther rnitlgate fisk. Th& Truslee Board Y8 respon5itA8 for rnwikjrkng ext•mal dePIrnI8 Ih8l may irty)ad on Ihg orpanisallon. Compr8h•nslve budgetkng systems #nd finarJaI rwrfng. lTrdk8te finandal perf0mnCe agalnst the budg8t, •nd forst ar8 revweil and agreed ty lh• Operations C¢)rrffiitiee tht Truslee Board. Th• most slgnrficwrt faced by CCAB h8¥e been Kl8ntifi•d by tha Tru6tee 804rd and relate to the folhiwlng: CEO on Img te 8Kkn855 or thes Cuts to Lo1 Authority Ithng L8ck ol the rlght quably of¥u114Io ffil ¥d¥Ke rotas Informallcfi bre These rfgks •r• mltigated ty. - the introth¢ti¢n ofa Deputy CEO Post aThJ seoxKI senNJr Man•Jen Fo¥1 IHead ofproiect8 ar caseWck) diversifying our fundng streams - ¢hanging our s818ron tranhg system - rigorous traIn9. now poh'cs. W ch8Ctory urKler GDPIi
CAMBRIDGE & DISTRICT CITIZENS ADVICE BUREAU Trustees, Report- Structure, Governance & Management (continued) Infomiation 46surance An InfOallOn Assur Accounting Olfttr at Board lavd has been 1d8ntlfi as Dr George ReKI lo ensure that the confidentiality, integrty and avaB8bility of 81 our sensitNe data assets are Mntain8d to a 18val which Is consistent ¥th th8 r8qulrements of our dnts and ow1undirStr8I&gK partrr$. In addilion lo the intemal rlsk ana]ysls. CCAB has lkn #clfft part i) the CA membeTrhip scheme review which has Invofved n8w Fknarthl Healh Motwtriig. L•adaBhp SdlAssesmnt aThJ Qvalty ol Admce Assessment. Public eenefft Thè Trustees have ¢¢xnplied with the duty In see 4 ofth8 20r Charitie5 Ara to have due regard to guidance published by .Ihe Charity CornfflissN)n then exer13 any powers w (Juties to whith the guidatK£ Is relevant. CCAB provides free adwcé serv8 to the gerr public of Cambridge and surnunding areas by the mean$ of face- to-face. ptrbjne, ern8il and remote Iweb based) $ysteryts. The ol PLk¢ ben&fil was Wed at the truste8s me8ting on 2" M)vember 2020. Dunng thi$ orKI tho yw a quakfying third party indemnity 0¥Aon was in force for th• banefft Of1 Tnth•&
CAMBRIDGE & DISTRICT CITIZENS ADVICE BUREAU Reference & Administratfve Details COMPANY NUMBER 03191085 (Eng4 8 We$) CHARITY NUMBER TRUSTEES Ms J C 8¢hxon MrABf Dr N W 8ron OBE Mr C ClaxtrTr&MrJey M$lHFoen IPGraY Mr B HLmphf6y Mr R HLmlin9.Jones Ms Linda Jones Dr D A L4vesey Mrs C Uoyd.Evans CrGAReid Mr K Stondl MrGEDW150n Treasurer ChaIrmaTr 18ppoknted 16.11.201 Iresign&d 25.11.20) VJc Chairman 18ppointed 15.02.21) (appointed 17.05.211 W¢ce Chalmwn klia Gray 18 nomknated by the Unl¥wsty cl Cambrtdgè. COMPANY SECREfARY Mrs R Tb01 SENIOR STATUTORY AUDITOR Hekna PRINCIPAL OFFICE Devonshlrn Rc>ad Camt¥ldge Cambridh1 CB1 2BL AUDITORS Pr• Bawey LLP Tennyson H(x Cambrty Bu$S Park Cambridge C84 OWZ BANKERS 88rd8y8 Bank plc 11 St Andrewa Street CambrKlg• C82 30UCITORS Casle Pa CarntrfhJg• CB3 OAY PATRONS La(ty Cass La¢ty Chadwy*Healty Dr Parnela Raspe caZ Walshe