# **Wyre Forest Citizens Advice Report of the Board of Directors for the year ending**
## **31 March 2022**
## **Wyre Forest Citizens Advice**
**DIRECTORS REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 March 2022**
_CJ_
1
**Wyre Forest Citizens Advice Report of the Board of Directors for the year ending 31 March 2022**
|**Contents**|**Page**|
|---|---|
|Legal and Administrative Information|3|
|Acting Chairman’s report|4|
|Independent Examiners Report|6|
|Statement of Financial Activities|7|
|Balance Sheet|8|
|Notes forming part of the Financial Statement|9 -13|
_CJ_
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**Wyre Forest Citizens Advice Report of the Board of Directors for the year ending 31[st] March 2022**
The Board of Directors presents its report and accounts for the year ended 31March 2022 Reference and Administrative Information.
Charity Name:
Wyre Forest Citizens Advice Bureau (CAB)
Charity Registration Number: 1056390 Company Registration Number: 03205031 Registered Office and Operational Address: CAB House, 21 - 23 New Road, Kidderminster Worcestershire, DY10 1AF
## **Board of Trustees**
Robert Pritchard - C hair (Resigned 31 Dec 2021) Christopher Jackson - Vice Chair Christopher Jackson - Treasurer (Acting Chair at 31 March 2022) Sheila Udeshi - (Resigned 21 February 2022) Roger Cartwright Jay Pedley Hayward Osborne Gail Rothnie - Elected 21 December 2021
## **Bankers.**
CAF Bank Ltd, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19 4JQ Governance and Management:
Whilst overall management of the organisation is delegated to the manager this is overseen by the trustees in accordance with our articles of incorporation
## **Aims and Objectives:**
Our aims
- To provide the advice people need for the problem they face.
- To improve the policies and practices that affect people's lives.
Our principles.
- Wyre Forest Citizens Advice provides free, independent, confidential and impartial advice to everyone on their rights and responsibilities.
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_CJ_
## **Wyre Forest Citizens Advice Report of the Board of Directors for the year ending 31 March 2022**
The financial year stared out with a huge amount of uncertainty created primarily by the “post pandemic” landscape and the concerns that this would bring in regards to continuation of funding from both independent sources and by local authority re-structuring that was an inevitable consequence of the global financial pressures - because of the pandemic. We were particularly worried about the potential reduction in personal donations that might happen, as a result of everyone being very careful with their own finances. We also had significant additional concerns about proposed central Government re-structuring of the Department of Works and Pensions and how they might re-organise funding for both Help to Claim (HTC) and the Money And Pensions advice services.) MaPS). As they year unfolded, it transpired that many of our concerns were premature, but that these would certainly be things to re-visit in the next financial year.
Our focus this year was on re-establishing excellent service to the public and we quickly restored the highest level of services and the Trustee Board are very pleased with both the actions and the outcome of the employed staff and all of our volunteers and the results are available to view in our last Annual report. As We have outlined in previous reports, we regard the safety and wellbeing of our staff as a paramount requirement to allow us to continue to offer the high level of service that we are known for. As such, we made the decision to continue to carry out planned refurbishments to our office building and also to finally execute the commissioning of our new 40 square meter operations room extension, that has been in a planning phase for a number of years. The building was started in September 2021 and was nearing completion as at 31[st] March 2022. The anticipated finish date is mid April 2022. However, all of the financial costs have been included in the result up to this year end and have been covered by a mix of short tern bank loan (50%) and release of accrued reserves for the project (50%).
We end the year with a small deficit and much in line with our business plan and projections, for which our Trustee Board are very pleased with and publicly acknowledge the immense contribution that our staff and volunteers have made over the past 2 years of pandemic and uncertainty.
## **The Charity's policy on reserves:**
The Charities Commission advise that we keep three months operating costs in reserve and it is a guideline that we follow. Beyond this, our policy is always to use reserves for the benefit of the public and in support of our key objectives and principles.
## **Public Benefit Compliance:**
The Trustees confirm that they have complied with the duty in section 4 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit, 'Charities and Public Benefit'.
Signed on behalf of the charity's Trustees:
## **Chris Jackson**
Acting Chair
Date: 23 August 2022
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## **Wyre Forest Citizens Advice Report of the Board of Directors for the year ending 31st March 2022**
## **Independent Examiner**
Geoff Boswell was appointed as the charitable company's independent examiner for accounts year ending 31st March 2022
The Trustees have taken advantage of the exemption conferred by section 477 of the Companies Act 2006 not to have these financial statements audited and confirm that no notice has been deposited to request an audit in accordance with the Companies Act 2006. The Trustees acknowledge their responsibilities for ensuring that:
The company keeps accounting records which comply with the Companies Act 2006: The financial statements give a true and fair view of the state of the affairs of the company as at 31 March 2020 and of its profit or loss for the year then ended in accordance with the requirements which otherwise comply with the requirements of the small companies regime, so far as applicable to the company.
The financial statements have been prepared in accordance with the Companies Act relating to small companies, and charities commission standards of reporting practice (SORP)
Approved by the Board of Directors on and signed on its behalf by:
Chris Jackson.
Acting Chair
Dated: 23 August 2022
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**Wyre Forest Citizens Advice Report of the Board of Directors for the year ending 31st March 2022**
## **EXAMINERS' REPORT TO THE DIRECTORS ON THE UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022**
My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the company and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the financial statements present a 'true and fair view' and the report is limited to those matters set out in the statement below.
In connection with my examination, no matter has come to my attention:
(1) Which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 386 of the Companies Act 2006; and
- to prepare financial statements which accord with the accounting records and comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or
(2) To which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
Geoff Boswell 26 July 2022
Independent Examiner 2 Tuckingmill Cottages Canworthy Water Launceston
PL15 8UW
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_CJ_
**Wyre Forest Citizens Advice Report of the Board of Directors for the year ending 31 March 2022**
## STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
Report of the Directors for the year ending 31 March 2022
|**INCOME AND EXPENDITURE**
**Notes**
**INCOMING RESOURCES**
Grants Received
2
Interest Received
3
Contract Income
2
Donations
Other Income
2
Other charitable income
2
**Total Incoming resources**
**RESOURCES EXPENDED**
Direct Charitable Expenditure
4
Management and administration
5
**Total resources expended**
**Surplus/defecit for the year**
Balance brought forward at 1 April 2021
Retained Earnings 2022
Balance carried forward at 31 March 2022|**Unrestricted**
**Restricted**
**Funds**
**Funds**
24,688
236,292
52
-
-
-
5,441
-
-
-
-
-
**30,181**
**236,292**|**2022**
**2021**
**Total**
**Total**
260,980
268,294
52
50
-
190
5,441
15,793
-
1,018
-
2,383
**266,473**
**287,728**
224,440
207,151
28,430
68,743
**252,870**
**275,894**
**13,603**
**11,834**
178,795
13,603
192,398|
|---|---|---|
||||
## **Continuing Operations:**
**None of the charity’s activities were acquired or discontinued during the above two financial years.**
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**Wyre Forest Citizens Advice Report of the Board of Directors for the year ending 31 March 2022**
_The notes on pages 10 to 14 form part of these financial statements_
## **BALANCE SHEET FOR THE YEAR ENDED 31sr MARCH 2022**
|**TOTAL FUNDS AND FIXED ASSETS**
**Notes**
Tangible FixedAssets
8
Debtors
Cash at Bank
**TOTAL CURRENT ASSETS**
Accrued re: MAPS
Accrued re: Henry Smith
Accrued re: BEIS
Accrued Miscellaneous
Total Accruals
Other micsellaneous liabilities
**CURRENT LIABILITIES**
10
**NET ASSETS**
**CHARITY FUNDS**
Restricted funds
11
Profit for the year
Other Charitable funds
**TOTAL FUNDS**
9|**2022**
**2021**
£71,250
£71,250
£0
£0
£153,695
£186,314
**£224,945**
**£257,564**
£10,505
£10,506
-£5,341
-£6,219
£0
£5,500
£14,928
£57,149
£20,092
£66,935
£12,455
£11,834
**£32,547**
**£78,770**
**£192,398**
**£178,794**
£75,445
£63,609
£13,603
£11,835
£103,350
£103,350
**£192,398**
**£178,794**|
|---|---|
For the year ended 31[st ] March 2022, the Trustees have taken advantage of the exemption conferred by section 477 of the Companies Act 2006 not to have these financial statements audited. No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476. The directors acknowledge their responsibility for:
- i) Ensuring the company keeps accounting records which comply with the Companies Act 2006
- ii) Preparing accounts which give a true and fair view of the state of affairs of the company as at the end of its profit and loss financial year, and which otherwise comply with the small companies regime requirements of the Companies Act relating to accounts so far as applicable to the company.
Approved by the Board of Directors on **23 August 2022** and signed on its behalf by:
**Chris Jackson** Acting Chair
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**Wyre Forest Citizens Advice Report of the Board of Directors for the year ending 31st March 2022**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 STATEMENT OF ACCOUNTING POLICIES**
## **1.1 Basis of preparation of financial statements**
The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), 'Accounting and Reporting by Charities' published in March 2005, applicable accounting standards and the Companies Act 2006, except as explained in note 11, trustee's remuneration has not been disclosed due to its confidential nature.
## **1.2 Company status**
The company is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.
## **1.3 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.
## **1.4 Incoming resources**
All incoming resources are included in the Statement of financial activities when the company has entitlement to the funds, certainty of receipt and the amount can be measured with sufficient reliability.
Donated facilities are included at the value to the company where this can be quantified and a third party is bearing the cost. No amounts are included in the financial statements for services donated by volunteers.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
## **1.5 Resources expended**
All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources.
Support costs are those costs incurred directly in support of expenditure on the objects of the company and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements
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## **Wyre Forest Citizens Advice Report of the Board of Directors for the year ending 31 March 2022**
## **1.6 Going concern**
The company has cash resources and has no requirement for external funding. The trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. They continue to believe the going concern basis of accounting appropriate in preparing the financial statements.
## **1.7 Tangible fixed assets and depreciation**
All assets costing more than £1,000 are capitalised. Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & fittings 20% straight line basis
Office equipment - 50% straight line basis
Land and buildings are not depreciated
## **1.8 Pensions**
The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.
At the end of March 2020, the company followed the correct procedure to reauto enroll all employees to the pensions schemes and made the appropriate statutory declaration.
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## **2. Income**
|**2. Income**||||
|---|---|---|---|
||2022|||
|Income source|Restricted|Unrestricted|Total|
|Money Advice Service
Universal Credit Advice Service
General Advice Sevices
Henry Smith Charity
MacMillan
Worcester County Council (WAN)
Wyre Forest District Council
WFDC Homeless Prevention
Wyre Forest Community Housing
Kidderminster Town Council
Bewdley Town Council
Others|70,274
-
59,935
-
-
10,175
27,372
-
27,108
-
-
9,366
20,000
9,641
11,267
-
20,336
-
-
-
-
1,000
-
-|||
||**236,292**
**30,182**|||
|||||
|**2.1 Volountary Income**||||
||2022|||
|Income source|Resticted|Unrestricted|Total|
|Donations and Fundraising|5,442|||
|**3. Investement Income**||||
||2022|||
|Income source|Resticted|Unrestricted|Total|
|Interest received
**Total Received.**|52|||
||2022|||
|Total Income|Resticted|Unrestricted|Total|
|Total Income||||
||**236,292**
**30,182**|||
11
## **4. Direct Charitable Expenditure**
|**4. Direct Charitable Expenditure**||||||
|---|---|---|---|---|---|
|Employment costs
Training and Travel Costs
**Total**|2022||||2021|
||Unrestricted|Restricted|Total||Total|
||26,872
195,893
222,765
54
1,621
1,675
26,926
197,514
224,440||||206,698
453|
||||||207,151|
## **5. Management and Administration**
|**5. Management and Administration**||||
|---|---|---|---|
|Property Costs
Office Costs
Professional Fees
Audit Fees
Membership and Subscriptions
Governance Costs
Bank Charges
Publicity
Misc Expenses
Total
**Total Costs**|2022||2021|
||Total||Total|
||5,351
17,842
1,135
198
-
4,048
818
-
962
-
28,430
252,870||42,321
19,394
379
360
-
4,915
69
-
1,306|
||||68,743|
|||||
||||275,894|
## **6. Information on Employees and Trustees**
|2022
Total
Total Salaries and Pensions
222,765
The average number of fulltime and part time staff in the period was:|2022||2021|
|---|---|---|---|
||Total||Total|
||||206,698|
|Full time staff
Part time staff
Total Staff|2022||2021|
|---|---|---|---|
||5||4|
||12||11|
||17||15|
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## **7. Taxation**
There are no taxation liabilities arising during 2022 or 2021
|**8. Fixed Assets**
Tangible Assets:
l.T. Equipment
Depreciation
Land and Buildings
Fixtures and Fittings
Depreciation
**Total**
**9. Debtors**
Accruals and Pre-payments
**Total**|2022||2021|
|---|---|---|---|
||-
-
71,250
-
-
71,250||-
-
71,250
-
-|
||||71,250|
|||||
||2022||2021|
||32,547
32,547||78,769|
||||78,769|
## **10. Creditors, ammounts falling due within one year.**
|2022
Accruals and defered income
20,042
Accruals - creditors
-
Other liabilities.
11,410
Pensions
1,095
**Total**
**32,547**
**11. Balances**
2022
Balance 1 April 2021
178,794
Incoming
266,474
252,870
**192,398**
Fund balances are represented as follows:
2022
Unrestricted funds
103,350
Restricted funds
89,048
Net current assets
**192,398**
Outgoing
Balance 31 March 2022|2022||2021|
|---|---|---|---|
||||66,935
-
10,867
1,095|
||||**78,897**|
|||||
||2022||2021|
||103,350
89,048
**192,398**||115,363
63,431
**178,794**|
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