Reg&8tered C(wnpany Numbér. 02627909 {Engl8nd & Wths) Rogistsred Charity No: 1065835 BARNET CITIZENS ADVICE BUREAU (A charitable company limited by guarantee) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
BARNET CITIZENS ADVICE BUREAU CONTENTS Pa Legal and admlnlsltatwe detsils Trustees, rBPOrt lincorporaling rep) 3-10 Indep9jenl Audilorfs rewrt 12-14 Statemènt d Fin8rrAal AclNities 15 Balance Sheet 16 Cash Flow Statement 17 Analysls of Net Debt 18 Notes lo the finarrial statants 19-33
BARNET CITIZENS ADVICE BUREAU LEGAL AND ADMINISTRATIVE DETAILS COMPANY NUMBER 026279 (England & Waesl CHARITY NUMBER 1065835 G•n•ral Informatlon The aclivllies ol Barnet Citizens A(fvice Bureau are ried oul by an organilion th8t is both a Registered Chacity {no.' 10658351 and a company limited by guarantee (No. 02627WI. Both the charity and the company are formally registered as Bamet Citizens A(fviGe Bureau. Cttizens Advice Bamells 81so part of the national Citizens Advice service through its membership cl The National Awcialion of Cilizens Advice Burè8UX. The trustees ofthe charityare 81s0 th8 members of the Lx¥np8ny limitj by gLtarantee and underthe provi&ons of the Companies Aot 2006 are liable lo contribui8 a sum not exceedirKJ £1 each Ihg event of the wnding up of the Company, they are cc45ectively referred lo as Ihe Trustees throughcyjl thi5 report. ThB organisatiori's wvemance rules are sel out in thè Msmorandum and Arbdes of As%o¢latton of the company limited by gua¥anlee which reftects the thice cl the CharÉty C(xnmissi¢>n and conforms lo thè membershlp requirements of Qtizens Athice. Trustees act collactwely Ss the Board of cthIer Adv5( Bamet and awme overall responslbillty for the straleglc development and finall Fallagnent of the organisation. in line with Charity Cc¥nmis5ion recommended pract1. The governa1 provid8 for a Board of 4 and 21 persons. bul the curr8nt Trustees have detsrmined that a number between 10 arKI 13 provides an optimal 5iLe for its work while allowng for ord¢dy sJCces0n rAanning. Trustees serve in a voluntary unrgmunerated capacity and ar8 appointed for terms of three years, if willing they can bè redected forsubsequgril18rmswth no lthnil. Trustees are nonmally eleded by the Annual Genefal Meeting. I1 th8 constitution allows the BoaTd lo cTropl trustees pn)viding their numbgr does not exed one-tturd ofthe total. The Board's pr8th.ce is to use ¢o-r)ption for appointrienls madè between Annual General Meetings and for w-OPt8d tnL8tees to stand foT dection al the next Annual General Meeting follow¢ng their appoinfrnenl. AGc(KdiNJy, all current Trusteès arn elected members of the Board. Th8 Trustees serving during th8 year and since Ihe ye*-er as fdlows. Valerie Harrison Ben Ingber Keri Landau Kimberty Oro Tasmin Shuker IresSgnèd 271031231 Th¢)mas Smith (resigned 17101123) Ellis Mandelstam {appolnlad.' 271Q3123} Rosie Shepherd (appointed.. 271031231 Tracey Baldwn (Wice-chair, resigned.. 09KK1221 Claro Lubin (resigned: 14106r221 Maria Pelnga-wallaco Iresiyned.. 22108r22} The organSsatSon's HR policies are fdlowed for rtrnenI and inductlon of tntslees and recrultrnent is by open selection through press adverb%ng and othgr media. The Board regularfy Cold&r suecèssion planning rovlews the skllls and exFeri6n¢> it needs against those of existing tnlstees In rxder to idenlrfy gaps that can be filled by future re(¥uitsnenL
BARNET CITIZENS ADVICE BUREAU LEGAL AND ADMINISTRATIVE DETAILS (contrnued) Current TrustO05 PLJS8ess an effective MSX of skins encompassÉng professionalism in Pe)ne1. Change Managornenl. Accixjntancy, and Education. sCe mownbers crxnbine thdr prOfeSonal backgrounds with extensive experience ofvoluntary k. Company Secretary is appointed by Trustees and may be a m6Jllber ol staff. The term ol the appointment is forTruslees to dethd6 practi is lorthis to be at thefiTSt mèéting of the Board follEiwng è8¢h AGM when othor appoinlmerits are detemiin8d by Trustees. CHIEF OFRCER Danid B COMPANY SECRETARY Danid Banford REGISTERED OFFICE 41>44 Churth End London NW44JT AUDITORS Pri Bailey LLP 24 Cmd Bond Street W1S 4AP BANKERS HSBC Bank rlc Coventy District serye Cenlre . Hary Westem Road Binley Coventry CV3 2TQ
BARNET CITIZENS ADVICE BUREAU TRUSTEES, REPORT (INCORPORATING DIRECTORS, REPORT) Introductlon Cllizers AdYic8 Bamel {CABI exists lo help peoe WIK) live. th or study in th8 London Borwh of Bamet lo resofvethoir [eMS. We do this through providing freo. confidenlial, impartia and independent advi. Inlormation and assistance. We are hère lor everyone. whatever their advbC6 nwls. 20L123 was another year dominaled by external pressures - wth Igh inflation and rapid rises in the cost of living, our a(fvice Wds needed rn0 than ever and wa saw many hundr8ds of people contacting us for the first time in their live& We havè continued lo focus on meeting the needs of Jr vdunteers. staff. and above all. the people we help. delivellng (x) our slrategic wiortties of trr¥j accessible, sustainable. and supporting our Kwle. Our Work Our core work is delivered through lh8 Cix))muntty Advice SeNice (CASX fLir¥Jed by London Borough of Bat and prwured by ccfflpelilive tender. This service provides gerwal inffxmalion and advlc8 to people WFK) INe, work or study in the Borough, and Is availa1e through atl rthannds- tdephone. face lo fa¢x and emad. Wè ContinUj to be part of Ihe p8n-London teph adviceline seNice. Blo& Citizens Arfvice in 7 other London Boroughs. vh¥ch brrmwjhl the signifThnt b8n8fit ol Freephone number for peOe lo usè lo cmtact us. as well as a volcemail fa£Hlity. Wo also benef1t from shared eXrtiSe nOng other Q"b"zens Advice offic8s arKI are able to share best pra¢tiC8. We conlinued lo ddiv8r. as V+pII as gxparthd. the Help lo Qaim WV1 which assists people needing to clawn Ulliversal Credit. Tlys is a telephone and webchal service. offering an inilid berfIts check lo see if twjle vnild be bèttèr off on UnNersal CTpdil (which for most is an In-Tk benefill, and ongolng SUPFrt)rt until the fit payment is r8ceived. 11 conlinwl lo see heavy demand as the parKfemic up8nded thejob market, wlh 51gnilicanl numb8rs of people being fCed into lowaid work or out of work altogether. An important and growing ar8a of wr bwrk is complex casewrtrrK Whilè the CAS is focused on general advlce. our crthw proi8cts aim lo fill the gap wh8rè Legal Aid is rvjt available but vA*re the most Ynerae peWe n8ed suprKJrt to understand thèir rights and to access justi. This adds a great d8al of value lo our general arfvice service as we are ablè to offer a hdistic parage of support lo ourclients. Much of our Yrk in this area Uld have been available Und L81 Aid a decade ago, but due to continued cuts to this provision. we have stepped in to do which wwld historically only have been carried out by solicitors. Our ¥bY)Tk in this sphere has led us lo bB awarded 'Centre of ExceElence' stalus by the Lond Legal Supw)rt TrLESt, and il is vital in a Borough Ilk& Barnel wherts access ID COIneX legal is in very sl)ort PFly. Macmillan can Support continu1 tr)fund us to YJPKM)rt peorle affected by can¢¢rin BatneL Enfield and H8ringey. We Cdarry (Mrt weware benefits casew)rk. making daim5 for benefits and applying for ad(thtiwal support to help p8Dpie meet the gxtta Costs 8xparienced by canrAr palients. Trustfor LorvJon contlnued to fund our4)ecialist plOyment Ilugation and immigration casework project, helping ppIe regularise their Immigration status, challenge unfair dlsmissal. discrimination and non-paym8nl otwages. We have used this project lo build our widér organisational eXpese in ernployment arKI immigration law, and a able to offer rewarding vc4unteering and profeal d8veloKxnenl opp¢Jrtunitsos as a rosult.
BARNET CITIZENS ADVICE BUREAU TRUSTEES. REPORT IINCORPORATING DIRECTORS, REPORT) (continued) Henry Smith Chtty conlinu¢d to furbj our vital %lf8fy berits and debt cas8work. These are areas ol ere we have seen rapidly increasing demand. as well as increa&rE c(¥nF4ety, and ljis funding means that we can continug to meet Ihose needs. Vve awarded funding from the Greater Lmdon Authty as part of a pan-London partllership to ddiver ycialisl debl thi¢e 8s part of the Cost Living crisis across North London, as well a5'Athir8 FErstAtd' lch istafgeled training tofrontjine partnws, giving Ihern the lods need to identify adv needs aThl bgsl support LondO8<s. City Bridge Trust awarded us a 5 year gr8nl to del spe(yalist immigration (Xsework and lo train a new immigration 8dvisw as part dthis. This allows us to (xjntinue. as WBII as Èxpand our muth needed immigration caseK)rk. Ythich is vèry rare lo find Sn the free advice sector. and hdps en1& that fuiure a[fve of the cunmunity are meL PrevK)usly funded by the Barnel Ccmnmuntly Innovation Fund, were directtyfvrxled by Boost and Nolling Hill Gènesls to continue our Successful methcxl of partnership WOTking. By Fla¢ing an experienced adviser along&dè th8ir team5. we wwe able to reach dienls. making use of already estaN15k nelwrrks and offering a morè hollstic wrawaround saNice. In another new partnership. we 4re funded by Trussell Tr4JsI and Chipping Bamet food b8nk to wovide an wy1 forf(KxI bank us8rs. Work1r alongside food bank votunteer5 to hgip addr underlying problwns that fwd bank users may have. We continuad to provide support f(K pw)ple appIng to the EU Settlement Scheme, fo(yJsing on Iha most vulnerable Fwile w)uld slwte to make Ihe onlinè applic8l.ons Ihemselv8s. This fundiTVJ endws in jur 2023. W& measure our success in these conlracls 8nd woiects agalnst stsingenl and t8ryeled monitoring requirement& and morg widdy against Independently auditéd quality of advica, finanal management, and dient aMI wvrktorce Satisfacti using the Cltizens Advice Perfomiance and Quality Framèth. The People we help. and the Issues we hèlp them wlth Bamet isthe swnd48rgest London Bwh by p)pulation {389,300). and11 has grown by 9.2% in the decade to 2021, outstripping populatv)n grovrth in London. and the country. as a vh)le. Over 10,200 individuals receNed inf(Kmathon and in the year, {8.700 clients in 2021122) and dealt %%ilh over41.81X) indNidual advk issues12(Y21122.' 33,01. Thls shows t1 comFAicaled nalur8 of people's probloms as *ell as increased demand. It 18 extremeFy rare forsomeone lo come to ljs now %57lhjust a &ngle issue. and on averaga, each Glienl comes lo us wth approximately 4 issuè& We had 29.176 interactions wthl on behalf Df dients whl¢h is approximately 3 inlerathons for each client 12021122.. 23.1711 showing the growng nature of our and the rnultipje interventions needed ith a client. esp6d811y for the most vulnerable. For cllenls WIK) are mor8 able lo address th6ir issues themselves, seek to empmr them, and 37,895 people aSSed advice sdlthelp through our relrashÈd website - an ewrTllOUS incr8as8 on the previous year123,499 in 2021122 armj 15.C((I thè year befi)re}. What is notable in 2022123 is IhaL d thè 10,200 people who contacted us, 320/0 of our cli8nts csme from just four wards in Bamet- QAindale (South and North}, Buml Oak and H8[On, the first three of vthich are the most deprived in Bamet Tg help meet Ihgir needs in the most deprived wards. ve provth ryjtreath services in Grahame Park and al Burnt 08k Ubrary, and lhe Is 8 dear link t¥sen deprivatton and tho need for our
BARNET CITIZENS ADVICE BUREAU TRUSTEES, REPORT (INCORPORATING DIRECTORS, REPORT) (contlnued) advice. Thls Is vthal drwe5 our wlr8ach prwme. which aro seeking to exp over the coming year. Client demographics show litdè changè frcfn the prevTrws year. We saw a ight rise in 5&64 year olds contacting us (21%) c(Mnpated to the pwious Year120212.. 17%) and wnore dients 0 slated thèir èthnicity as whTte {56%1 ¢fy)tacted us ccfflpared to the previous year (2021122: 48%}, bul Ihwe we no Ottr signifi(snt or mtaNe diff8ren¢8s. The mn È&8UèS adviwj in the year tre 811 lfar6 tnofitS-relaled160%, up from 51Yo in 20211221, while debl advice deueased fron 1D% ID 8% of all cases. The number of Univ8rsal Credit daims (7.703) understand8bly roso, afler took on tho expanded Hdp to Claim project12021122: 3,1). There bwds 8 9% ireaSe in daims Personal Indew¥j6 Payment. rising to 3,234. This is unprecwJenle¢J, and again slv)w5 Ihe massNe tdl on people's physical and mental health that the cost of liviTrJ has taken. Furthem)or8. we saw a 9% rtse in demand for a(fv on dealing %%ilhfuel debts. again due to the cost of living crisis. We can suppK)rt cllenls with prepayment meters by Offeri Ihem ftjel vouchers and we Issu9d 128 viwchers lotlIng £5.246. We are 8150 able to support dienls VAth small grants and f(¥yJ vouctws. Working In Partn•r$hlp We continued lo trtheTr cur eX16j ra{ShipS vathin the vduntary, ccxnmunity and fath sector in BameL as 17 as bLJilding new partnetships locally and with wider stakehol(lers. We know that Ihts d8mand lor ad, ey¢lally In the higNy disrupted society we inhabit, e4nnot be fvlly m8t, so our partnership w)rk rightly focuses on increasing paCity at expert15e TthIn the sectu, sharing besi practsce and supporting eaGh Dthertothe ullimat8 b8nefil of thosewho use wrservices. To this erKI, we meet regulady th viAuntary ar slatulory sector partners to w(Kk trjgelher. find syneTgies and av(#d unnece558ry dupiicatii)n of services. During 20221TJ we have eslablished or conlinued partnerships vilh BOOST, Notting Hill Genesis h¢Jusing asatiOn. Chipping Barnel fc(%J bank. St Jwnès Church in New Barnel, numerous Eocal aiizens Advicè dfices across London. arnot others. We have also worke(I with partners and the wider sector to increase incoming refeffdls. lo hdp joln up the advi sector and simplrfy ¢T dÉent loumey. In 2021122 rgcoived 516 incoming referrals for adv (2021r22.' 519). Our People our1vces are delwered by a stsffteam d42 peopl81202f122'. 36). and 68volunteers supwied us over the year 12021122.. 491. Our staff and vdunteers are crxnmitted profgs5iorkals who provide unrkvalled suppM)rt lo Ihe pcnrest rnost vulnerable residents of Barnet Vdunleers undertake a wide vartety of rdes, Induding advisers, assessors, eptionIstS, 8dmirislralNe suptxwl aNI trustees. All new volunteers complete a cotnprehenslve comtar4aSed trairmng programmè that underpins the high qudity of advice that the rrAe demands. We Th)nlinue lo support our p6opl8 as key strategic priority, and thi5 r8mpans espeaally important as we try to naviqale nw, post-pandgmic vrays of 1)rkirj. During the year (ntinuÈd a pr(Jramme L OTganIsalnaI development with &xperien¢ed facrfilalors, invdviThJ the whdg team in reshaping our ganiSatt0nal values. Thi5 yTk is almost conduded aNI we will be eMIddIng these vaues in th&
BARNET CITIZENS ADVICE BUREAU TRUSTEES, REPORT (INCORPORATING DIRECTORS, REPORT) (conttnued) way we WO We want lo wprxxt our vhK4e team. and have new iniliatwes In rAac8 sud) as allowing staff to try out other roles in the organisalion and a generous training and devdopm8nt 8IIowdnce. as as continuing accw to a u)mprehensive Employee Assistance Programme. A fi of Ihe ¥I11ng of aur people is key lo our strategy in the coming year. 88 the KDrk we do beLxJmes mcx8 dtffi¢uK and we are Seng many clients 81 FnynL hievements and P•rfornL8nce Over 10,21X) indfvlduals reCVett infomiabon and alfvi in the year18.700 in 20211221. We d8811 9th over 41.8(K) individual advice issues {2021122: 33.0001. vthich shows the complicated. often mulli-fted natsjrn people's problems. 11 is eXtrelY rara for somèon8 lo come to us wth just a &ngle issue- mu¢h more cc¥nmon is a cdl8(aion of inler-reEated problems which need to bè 8(kJFessed holistically avKI methodically. We seek to empower people wherever rKJSgbtg. 8fKt 37,895 people acc&8sed advice s81f- h8lp through our Web19 an enormous i&8Se on the previous y&8r 12021122.. 23,499} and the year before (2020121: 15,5(K)). This isa direct reflecOn of Ihe n&8d for 8dvice locally as the cost of livirrfJ criss bites. As part olour Communlty knic8 Service. tcK)k S.640 caS m ourtel8phone helpline {2021122: 8,923), advised 2.488 pe8 by &mall 12021122.. 1,8341, and recelved 516 refeiralsfrcyn other organisations12021122.' 519) and held 1.198 general alce appoinlmenls (2D21122.. I,81. The reduclÉon in dienl numbèrs on CAS is likely doyffl to the signfficanl increase in Weble'Self hdp. and otr channels such as outreaches and digital advic8. Thls servtce generaied confirmwj OLrtcomes of £SJO,IJOO. Our Macmill8n service hel[ 720 cancer patients arKI their families wth over 5.905 IS5Ugs12021122.' 620 pÈople wth 4,742 iswesl. This swice gènÈr8ted £3.4 million of addilional in¢me for dients through benltS daims. Badge entitlements and other grants 12021122= £2.1 milllonl. This woiert inv(fved complex eas@work for clients suffering from cancer. lI1ch 27% d had eilhera t8miinal diagrw)sisor %4we rp¢xving palliative care. Our expanded Help to Clawll Servi hel[ 4.055 Kwle daim Universal Credit b%rJrth £4 million 12021122.. 1.030 people. £2.2 million). There was a vast increase In the number of clients helped. as tlys project vtas SubstantilY expanded fnxn 1 April 2022 due lo our successlul track record. Our 4)ecialisl caSerk tsams continued to supwrt p)e highly e[fare benefits. debL emFdoymenl and immigration issues. conducting ojmplex litigation for 8ylremety vulnerable dignts. Our eXtise in ihese areas is wdely recognised and we continue to be a London Legal Support TTUSt Centre ofExcgllence, an ac&ade granted lo a very small number of LO¢1 Citizens Advice agene8. Flnanclal RleW The SOFA on page 15 shows an irK¥ease in Incxmg to £1.144,497 cunpared lo the previous year12022: £1,028.4621 Tlis Inae vwas mainly duè to the increased grant trom National QIiz9ns A<fvice for thè Help to Glaim project Df £353,530 frorn £163.524 received in the previous financt81 year erHng 31st March 2022. The Ial aUtrity rempins th& secoThJ largest provid¥for servic. The reducbon in reliance on LBB funding Wds SUPPCrtted by continued funding for ils Wll8in prq'ecis fundi by Ma(millan Cancer Trus¢ Tnjsl for London. Citizens Advice.
BARNET CITIZENS ADVICE BUREAU TRUSTEES, REPORT (INCORPORATING DIRECTORS, REPORT) (continued) Henry Smith and tho H(Ane offi and tIK>S6 fuThJs represented stgnificanl percentages ol overall ino)mè as fdows.. Mècmillan Cancor". 13%12022..11%1 Trust for London: 6%12022.. clzenS Advice 3f%12022.'18%) Homè Office 4% {2022:15%) Henry Smith 5%12022..0%} Although there vrds planned investment in increased capadty. CAB continued to monitor and control wsts 8ffedNely. in line the incre8s6 in incLxne. ExpendSlure in the finanual Yar endlng 31st March 2023 has increase(I 10 £1.293.491 compared with £1.038,158 in Ihe prev¥Jus year. 01 the costs in the year. 79%12022: 76%) relat8 to our peopte and include Ihe costs of recruiting, rew8rding and devdopiro our paid staff and training and supporbng (yjr vdunle8rs. ManagemBnl and trustees regularly wew Ihe allocation of UK)rk among staff and volunteers to identify ways of improving both service qualty and cost officiency. In other areas. our finance and athiinistrntive staff keep a (lo conircl of Our free rv6eTves target is set al 18 weeks of operating expenditure. As wr reseTves ar¢ above the miThmum level sel Inthislarget. trustees have agreed In prinuple lo invest funds for further developnent of our sery1. RerVeS Poli¢y and Deslgnated Funds staff Fund A fund lo ensure that CAB is atrAe to u)vor contracted payments lo staff suBh as unfunded salary thanges. reduThlancy. provison of locurn malemlty cover. and the costs of any disciFlinary andlor grEe¥an woced¢Jres which may arise. ITIPr8mlses FuThJ A fund lo provide for thè o)sl rA rating to new premises al Ih? expxry or termination of the Cuffent lease. and for the cost of m8lor repairs and maintenance {IlUdIr0 rr upgr* costs) for fh8 n8xt &5 years SeNice Oevelopynent Fund A fund to allow CAB lo dev811rf) new PTojects or areas of ¥%rk, and to w)ducl feasilxlity studies on su¢h .projects. Furyls have Ln deslgnated lo fur¥J additional sijpervision, c(AnmUrCatiOIIs arKI marketing SUPFKJrt. business development. training sup5XWt and office administralion. Nthich allow CAB to mt its tsblectves. Restrtcted reserves Funds are restricted by Ihe dor or lunder and can[t be used for the generat purwises of CAB. Thr existence. and the wms of morw therein. do not ImtAy that there has been an underspend but m8y result from a variety circumstances indudiThJ timiro dr8CeS belween CAB'S financial year and the funding year of the project ConMed.
BARNET CITIZENS ADVICE BUREAU TRUSTEES, REPORT (INCORPORATING DIRECTORS, REPORT) (continued) STRUCTURE. GOVERNANCE AND MANAGEMEKr Govemance CilizBns Advice Bamet is a member of Citizens Aifvice (the r)aliortal a&8oaation of Citizens Advice organisab"ons) vthich, via its Memtmship Scheme. provides a framewrxk that oversees all charitae athitses that ale dered to seNice users. Citizens Advi¢e sets defined quality standards for advice and information servi¢85. financial and infomialion management and inteVY revie members, organisalional p8rformance to ensure these standards are mel. The Board of TTusl8es ha5 overdl re5ponsibilty for the strategic deVelOnent and finan(¥al manag8menl of the (Kganisalion. in lÉne wlh Charity Commission recommended practl¢o. Trustees are commTtted to creatin9 an indusNe wrkpla. lo partiapation by staff and vdunteeTS in the devel(ynenl of the service and provide opportunilie5 this through thè business planning prcKe5s and formulatton of service priorities 8rKf objectNes. The B08rd meets atleast fourbmes a year arwj in 20Z2123 il mat on five cMxa5ion5. The Board delegatgs certain staff and HR matters lo the Pee and Culture CLYnmiite8, vknile financial serutiny. ri&k management and d8vd(ynenl cl finanoal FK)IFCy and procedu8 are dèlegated to the FIrnar Commiit8e. The minutès and recommendations of all cofflJnittees are presented and revieEd atfull Board meetings. The BDard dolegalss day to day )nsibility to the Chief Officer who is requirod to allend Board mèetings and TetK)rt on operationa and financAal matters. The Board Seeks to &nstJre thal Trustees are broadly representative of thè local comrnuty 8nd have the nSsary skills and almlilies lo onsu govemance. Trustees are recruited fdl(AMng Citizens Advice guidance Ihrwgh a(IvertÈsiro in Ic and national media as well as canvassing Ial Voluntary Commu¥Mty Sector organisations. with a fo$ on recnjiting Ih(6e 7hlth skills identtfied as desirabl6 through regular Board skills audits. Suitable candidates aro Intervie% by a panel Trusteès and are invited lo altend al least one Ineeting of the Boatd before tr.g fornaly q)pointe(l. New Ttustees arè provided fjth a comprehensSvo Ind[). induding obgeNalion of service delivery. an(1 F¥ovwJed wth relevant g0vem8n documentation. Board members are also @ncouraged lo partiapate in rdevant governan training and confgien¢%s provid by Citizens Athic8 and other tK)die& All Tnjstees give their time tredy Bnd no TTUStee recawj remunuation In the year. Details of Tr4Jsl89s exne5 and relat party transacbon5 are disclos8d in the notes lo the accounts. Organlsatlonal Manag¥ment The ExecuUveTeam consists of thè Cliefoffiw, D8Tiel Banford, the Head ofsorvi 8nd Quality, Charten? M8rks, the Bustness Develowent Manager, Louise Broadbenl. and Includgj Finance Manager. Crush {resigned Pthwember 20221. The Key Managemènt Personnel alw included S8y8ed Rahman and Ntya Bali (Project Managers). The CNef Officer meets regularly with the Ch8ir fcy and to plan the work c the Board. The Chief Offr arml EKeculNe Tèawn are respOr1bIe for puttiro into èffect
BARNET CITIZENS ADVICE BUREAU TRUSTEES, REPORT (INCORPORATING DIRECTORS, REPORT) (continued) th8 strategies aTKJ obl8th8s of the Board as exprwed in the Business Plan. The Clief Officerworks closgly Mlh staff. vduntwsarml extemal stakehokjets to ensure effe¢tw& Implementation of the Business Plan. The Ttuslees have In Fsace arrdngements for setting thè pay arKI remuner8tion of the ExècutweTeam. Remuneration lor all staff is reviewl annually. by tho Board's People and Culture Commiilee and as part of the annual budget Sètb proces& Exiernal benChMathr is carried out every Ihree years and inflallfary Increases are (y)nsidered annualty. Any increase S11 be made regard to afft¥dablltty for the charity. RISK MANAGEMEP The Board carriès out an annual risk aSSes&nI and the ganIsatIOn upjates ils risk register on an orooing basis throughout the year. The register is reviewed quartedy by tho Flnance C(xnmitt8& and the Chief OtfKer prasents a report w emerging risks to 88ch meeting of the Trustee& The Board has a&sessed the m4or risks lo which the ¢hallty is exws8d. and these are detailed belowwilh a gJmmary crf rAans for marwging this risk. A significant rJU10 orloss of fundiThJ LB B8rn&L The Exewl'vB Team maintalrys a d05e rèlalionship Cound officers, indudlng quarterfy rneelings to review expected outputs and OLrtCOTnes of Ihe services funded by LBB and to agree revisions lo plan$ acCdingly. This infomalion is also reviewed by twstees al e#th Board meeling. We 8PWiftted a Business Devèlopment Manager to further strengthen our fLtndraising ability and lo reduce th8 impact of contract$ in loca authority furKSng ¢aused by ongoing financial pressures. Insuffici8nt new irv>Jne grated to WPFXXt seNice delN8ry. The ExeIva Team %%ths to identify and 8Y for new sources of inwne to enable the organisation lo m68t ils stratsg'¢ priotities aTvJ sUPPgrt service deliv and the trustees recewe 8 raport on thg number of applications made and their outcome at eaGh meebr4J. ExperKltiure is dosdy mormlored. and plans developed to reduce m8nagement and overhead costs. Loss of k¢y personnel and recxuitment 8nd retention ¢Aslaff We have poiiaes arKI prw8sses in to and aIn suitable staff and vnt6rs. We ensure trainiThJ are in place a[ revised anLlly. Staff and vdunteers. annual feedback is repted to Trustees and wè striva to increas8 engagèment and satisfaction Staff and vdunteers. During 2022123 we enged a team of consultants to hdp us with ourorganisational devetopmenl and to inform priorfties aroUj staff *Ibeing and support. PUBUC BENEFrr The Trustees have paid due reg8Td to the Chartty CrThTnisslon's guidan on publlc benefit in deciding the activities undertaken by the organisation during the year. The Trustè8s are satisfied that the inforwnation pK[ed in the report and accounts meets the puNic benefit r9W>rting Tequirements and are In line wlh our d)arit8ble aims and objective& Citizens Athice Barrrfs man aCINeS are deSbed in the 'our work, section of this report.
BARNET CITIZENS ADVICE BUREAU TRUSTEES, REPORT (INCORPORATING DIRECTORS, REPORT) (continued) FUNDRAISING Fundraising Ststement 162a of the ChitiO$ A¢1 2011 requlres charitF8S to make a statement regarding fuThJraslng adrviiles. Barnet Citr£ens Athl BU8 understands tts duty to protect the public, illduding vulnèrable people. fr(xn unreasonatAy intrusive or persistent furKlraising approaches and LJrKJue pressure to donate. The tharrty does not use any inttsrnal fundraisers or exlemal agenaos for either telepFK)ne or f8cè4frface (amp8igns and received no fundraising complaints during the year12022= none). The trustees monllor fundralsing activities on a regular basis. PLANS FOR THE FUTURE In 2022123 w9 hrked Mlhin the strategi¢ objectives speofied in our Buslness and Development Plan. The plan set out the aims and PLJrposes of tho organisation nlexl in which we work. We have thr main objècVeS. We wil be acCeSbIg We will be SLJslainable We will support 8nd dwdop our twle These havè remain relevanl and conlinue to be w. We have largely come throijgh the disfuption of Cov¢d- 19, thy lo find oursdves in a pronouncad economic dobsnturn and protracted at)d painful o)sl of livirvJ crisis. whlch affects our clients, our staff and our vdunteers. This has dre8dy started to dTive up demand on iyjr services, 50 rem&ning accessible is a key part of our fulijre development. We have shifted wr fr9 lo partnership working. and joÉning c¥Jr advice io already exisling itwuatives. We know that need lo get our advice lo bthere people need it. ratherthan Vditiro [thern lo cune to us. and this is a vit4 p8rt of c(xnmunity outreach stralgJy. We h8v8 already suc¢ts55fully explored new wjrces of funding, and will continue this, alongde maknng a concertèd to raise our wLlic pYofile and investigalg indivwJual corpM)rate giving, to fUrtr support future sustainability. Our partnership working wll continue, 8nd we wll IcM lo share wereeS without ¢ompromistng on quality, bringing skills and expertise to the widèr sects, enabling cmunity uroups arKI increr0 th9Sr confidence in 8(fvice grving. W9 wll continue to support our staff and vc4unteers - Mll Yxk to impjemenl 8nd live our organisational values. crtfer dwetopmenl OPKX)rtunilies and rpwarding Car palhsfor our people. while making sure that thwr lIbeIng is effectively supported. We have restructured our ExecyJlNB Tealn lo includ8 a Head of People and Central Services role for the first time, to focus on devdoping aTKI iMenng our peoKAe sltategy. retaining training high quality staff and volunleOEB 8nd developing them for the future. This %%ill ensure continued resilien as an organisation and that we continue lo providè high4Juafity thice, infomiation and cas@rk lo all Barnel dants well into Ihe future. 10
BARNET CITIZENS ADVICE BUREAU TRUSTEES, REPORT (INCORPORATING DIRECTORS, REPORT) (contlnued) TRUSTEES, RESPONSIBIUTIES STATEMEF The lrtJst8as Ivtho are also dlrèciors of Bamet Cilizens Athl Bureau fcff the purposes of company law) are resFKsnsitrAe for preparing the Tnjstees. Report and Ihe financid stslements in 8¢lJNd8nce aKvlicable law and United lQngdom Accounting standards Iuniled ngdtsM eTaIlY AcceptÈd ActIrj Pra(cel. Cornpany law r8quires the TrLtst88S to prepare finarKaal statements f(Y eh flnancAaE year. Under that law Ihe TTLtstees have to prepare the financial statemen15 IWI acGordance with United Kingdom Gwèrally AccpteJJ Accounling Pradice (Unitèd Kingdom Acciyjnling Stsndards and applicatrAe law). UTKler Company law the TTuslees must approve thefinarri81 statements unles5 they are satisfied that they give a true and fair vièw of the state of affars of the charitaNe company and d the incoming rex)ur¢es and applicali¢)n of resource5. idIrtg irmme and expeThliture, the charitatAe CCpanY for that Feri(xl. In preparirvJ tFwe financial statemènts, the direclors are required to.. select gjitable a(mintiTrJ polkias and ther) apply th consistently., sèrv8 the melhlxts and prinaples in thg Charities SORP FRS102 {20191', rnake judgements and èstimates that are Ipasonable and prudont., slate whether applicablè UK Accounting Stsndards have been fdlowed. subject lo any material departures dis¢losed and explalned in Ihe linaEId statemen prepare the financial stalwngnts the gcrfng ¢>)n¢orn basis unless it is inapprotxiate to presume that Ihe clHilaLle cc¥npany will continue in 0wr8b. The trustees are respmsible keeyng adequate ac(xwJntsng records that are suffici8nt tts show and explain the charilablg cixmpany's Iran58¢tions Bnd disclase with reasonable accuracy at any time the financia ptiL of the charitable company and enable them to 8ftsre that the financial statemènts mmply wth the Companies Act 2006. They are also responblO f saleguarding the assets of the charitable company and hgnco for taknng TeasonaNe steps for tho pwention and d8t8Ction of fraud and other irregulaTities. The Trustees are responsible fff the mantenance and integrity trf the c(Kporate arsd rinan(ial infomiation included on charitable ccffipany's b%gbsite. Legislation in the United King(fotn gOvning thè prepafalion and dissemination cl finanual stalements may drfferfrom legislation in othwjurisdiction In so far as thè tnjstees are aware.. there is no relevant audit infomiation of charftable cCpanY'S auditor Is unawdre., Ihe trustees have takèn all steps that they ought to h8Vg taken lo make Ihemsefves aware of any relevant audit infoimation and to esiablish that Ihe aL¥Jilor is aware of that infomiabon.
BARNET CITIZENS ADVICE BUREAU TRUSTEES, REPORT (INCORPORATING DIRECTORS, REPORT) (continued) SMALL COMPANY EXEMPTIONS This rewrt has been prepared laklng a¢fvantage cl tho small oJnpaniès' exernplion s8ctk)n 41SA of the Companies Acl 2. Thi$ ret was approv1 8nd authorised for IS by thè Trustees aThJ signwj on its behalf Valorle Harrison (Chalr) 211, 123 12
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF BARNET CITIZENS ADVICE BUREAU Opinion We have audited th8 financial statements crf Bamet Citizen's Adv Bureau It 'charitae company,) for the year ended 31 March 2023 which ¢omprtse the statt crf Finan31 Activtlies incorwjrating the Income and Expenditure account, th8 Balan Sheet, the &atnent of Cash Ftows aTKI the related notes lo the financial stalemenls, indudiThJ significant o¢¢ounling policiès. The finan8[ rOpting framessork that has been applled in Ihgir preparatson is appli12e law and Untied KiTrJdcffi Accounting Stsndards, including Financial Reporting Standard 102 The Finanual Reporting SlandÉrdapplicabl8 in Ihe UKandRepubllc of Ireland {United Kingdom G8nar8lly Accept1 Accounting Pracli(l. In our oixnion the flnancÉal statements: glvè B true and fair View of the state of the charitabtg u)mpany's affairs as at 31 March 2023, and of ils inc(ming resources and apFAication d res4)urces. indudiru its incTre and exFwditure. lorthe year then ended., have been prr4xrfy prepwfjd in accordanc£ Unibj Ggnerally kn8pled Accounting Practi. and have been prepared in accordanco wilh the requirem8nts of the Companles Act 20. 8a515 for opinton Wè eonducled our aud51 in accordan InleTnational Standards on Audlllng IUKI {ISAs IUKII and aprAicable law. Our responsibilllies uThler Ise blandards are further dribed in the Audltorfs responsibilitigs for tha atjdit of Ihe financial siatements tiOn of rewyt. We are indepeiKlgnt of Ihe charitakle company In accordance wth the ethicJ requirements that arg rdevanl to our audit of the finanoal statements in the UK. indudlng the FRC'S Ethical Standard. and we have fuld our other ethical rgspw%bilities in acGordance with Ihese requiremat)ts. We bdieve that the audil evidm have obtpined is sufficient and appropriata to provide a basis for our opinion. Condus5ons rèlatlng to gotng nC&M In auditing the financial slalern9nls. we havecondLkl&d thatthe trustees. use ot th& Concern bass of aGcounling in the praparalion of the finanaal statwn$nts is appropriate. Based on the work we have performed. we have noi itnlrfied any uncertaintiès ralatlng lo events or conditions Ihal. individually or c(Alectively. may cast signtficaftt doubt on the charitable company's ability lo conlinue as a going conrEmfor a of at least morrths frtmn en the financial statements are aulhorisgd for issue. Our rèsponsibilities and the responsbilittes of thetrusteesvth r8St*d to g(xng (x)ncem are de%rib8d in the relevant sectsons of this report. other infom)atlon The other infomalion comprises the infom8tion induded in the tnjstees, annu31 Tort. clherthan the financial statements and our audit(S rert thereon. The trustees are re5w)nsible for the other information contained wlhin the annual report. Our opirNon cm the finan(aal statements does not cover the other inlomatt'on and, except lo thg extent olhoTh%ise explic411y stat&1 in our rep(rt do not express any form of assurance conclusion Ihereon. Our responsibility 1$ to read Ihe other information 8nd, in doing x). Consid ether fhe other infomation Is materially inconsistent wth the finaniyal statements ty our krAedge obtain8d in the course the audit or otherwse appears lo be materially misstale(l. If idenlify yjch material inconslstencies or apparent malerfal misslatgments, we are required lo de19mine sthether this gives rise to a material misstalemenl in thg financbal stalemenls themselves. If, basad on the wk we have performed. we condude that th6fp& is a mal8ri85 mlsstatement Df this other infijmation. are required lo report that fact. We have nothing lo report in tNs regard. 13
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF BARNET CITIZENS ADVICE BUREAU Opinlons on othèr m•ttèrs prescrlbed hy the C¢)mpanles Act 2006 In our opinion. based the wi)rk undertaken in (xxjrse of the auditr. the infomalion given in tru51ees' retx)rt (InrM)rng the directors, report) for the flnanrAal year for which th8 finan(yal stat8ts are prepared is co15nt wlh ts financial stat8m8nts; and the directors, report included knithin the trijslees. reFrfKI h8s been wepared in accordance wlh applicat&legal reqLArements. Matters on vthlch we aro rnqUIr to report by exceptlon In the light d thè knoedge and understanding ol the tharitabfe (¥npany and rts environment obtained In Ihe coursg of the audiL w hgve t identrfied material misslatements in lh& dIrectc. ror We havo rnotng trj rewrt in respect th8 fdIan9 matters in relati to sthich the CompanFe5 Act 2006 requires us to rewrt lo yj rf, in our opirxon= adequate ac(unIng r8cor(Is have not been kepL or turnS adequate for our alIt have not be8n received frrxn br8nthes not visited by us.. or the financi stat8ments are not in agreemenl ith the accounting re(x)rds relums: or certain disclosures of dlre¢tors' iemuneration specified by law are not made" or we have not re(rived all the infrxmation arKI exFlanati(x)s we requi for OUT audit" c the Trustees were not gnbled to prepare the financial slalements in accord8nee wlh the sman companies, regltlle and take adv8nlage d the smafl companies. exempuons in preparing the dirèdoTS' report and fr(m the rwjlren1 lo preparÈ a strategic rBPJrt. Responslbilities of trustses As explalned more fully in the trustees, respongbilities s18temenL the trust {vtho Aré also the dlroctors of tha charilatle compally for the purposes of company law) are restwsible for th8 preparation of the financ481 statements and for being lIled that they bvve a true and fair vw, for such Inlomal o)ntrol as the Iruslees determine is neGe5sary lo enable the preparation of finanaa stalewnenls that are free from material misstalemenl, whether due to fraud or error. In preparing the fin8no1818tatents, the trustees are reswnsible for asses&no the charitsble company's ability to conlbnue as a going eoncem, disdowng, as ap11?1e, matters rel818d to going concem 8nd using tha going concern basis of accounting unless the tmstees eilher inlwKI lo hquidat8 the charitatAe (xmpany or to cease op8rats"ons. or have no realist altemative but to do so. Audltorfs responslbllltles lor the audit of the fin¥cial statements Our objectNes are lo obt8in reasonable assuran about whether thè fifianc4 statements as a whole are free from materia mÉsslalemertt. whether due lo fraLKI error. and to issJ8 an audilorfs report that includes our otxnlon. Reasonable assurance is a high lèvd of assurance. bul is mt a guaranlee that an audit ¢onducled In accordance wlh ISAS IUKI wll alvrdys dgtect a materia misslatem8nl when tt exists. Misslatem&nls can arise from fraud 01 error and are considered material if, indivKJu8lly or in Ihe aggregate, they could reasonably be expgctsd lo infiuence the ecorKYnic de(x&r)ns of users taken on th8 b8*s of Ihese finanoal statements. Irregularities. indu(Sng fra1. are instances of w-CA)mp4ianc8 lakns and regulations. We design procedures In Ilne Mlh our resrM)nsibilitie4 outllned above. lo detect malerial misstalernents in respect of irregularities. including fraud. The 8pecAfic prorEdures for thts engagement and the exl6nt lo whith these are capable of deteCur Irregularitses. indudiro fraud are (letailed bd¢w. Wè gained an understanding of the legal 8nd regulalory frame1%rk 3pplrcae io the charitae company and the sector In which it operates and nsidered Ihe risk of the Chilable wmpany not complying with the applicabl8 laws and regulalions Fncluding fraud.. In parl'cular those thal cwld have a matèrial impact on the ftnanu81 statements, indurfing finarria reporting. In relation to thB operations of fhe ¢harilabte ¢(panY this induded ecxnpl1an with the Charib8s Act 2011 arKf Compani8s Act 20L. 14
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF BARNET CITIZENS ADVICE BUREAU The risks were discussed with thè audit team and we reMned alort to any indications of non-compllance IhroLJghout the audlt. We Carri1 out specrfic wctedures to addTess the rlsks IdentÈfied. Theso induded the fdlowing.. Review Df legal fees itKurred", Reviewing minutes d Truste8 Board me8tiry5: AgregiThJ the financial slatent thsdosvres to underlying SUPPDrting dcKuTnontation: Enquiring of manag4nent including those charged witrt governance" Revlwng key accounting p)liaes and 8sbmates Managemènt ovenide: To address the risk of management override d controls, carried out lgstlng of jOLrmal $nlries and othgr adjustment for appropriateness. W• also assessed martagement bias in relation to the accounting poliaes adopted atMI in determlnlng sI1Cant acwnung estimates. Because of the Inherent limitations of an audit. there is a risk th8t 11 1 detect 1 Irregularities. induding those lèading to a malorial misstateFnont in the finan(Yal stalements or non-cornpliance wllh regulation. This risk increases th& more that c(¥ntliance wlh 8 law or regulation is removed IrLYWt the events and tr8ns8¢tions reflected in the finandal stalemenls, as we will les8 likely lo becorno aware ot instanfjes of non.crxnpliance. The risk is also greater regafding irregularities occurrirvJ due lo fraud rathgr than error, as fraud invdves Intentional conog8lmenL forgery, (%Alu%on. omiOn or misreprwntation. A lurther descripti¢)n of our reSpwsIk1ltieS is 8wlaUe on the Flnandal ReportsThJ Courl'S website at: w.frc.o .uklOur-WorklAudiVA dit-an¢>aSSurarl tandards-and- uidèncelslandards-an uidance-for uditorslALMlilors- sibilities-f -audilors-r onsikn.lities-for-audiLas This descripllon foms part of our audilc<s rAx)rt. Use of our report This report is made solely lo the chaTitat4e oJnp8ny's Tvustees. as a b(xly. in aCC[an(l Chaplei 3 of Part 16 of the Comp3niès Ad 2006. Our audit has twn undertaken so that we might slate to the charilaLle cownpanls Trustees thosg matters are req¢Jired lo slate to them in an auditor's report and for no other purpose. To the fullest extent permttied by law, do not accept or assume rwonsibility lo anyone other than the charftable ccffipany's TAtee5 as a b, for our aLKJit vKwk, for this rewrt, ¢xfDrthe opinTons we hav8 fomied. Cooper-Davis FCCA AGA Isenior Slatutcoy AlIOr) For and on behalf of Pricè Balley LLP Chartered Accoufttants Statutory Auditors 24 Old Bond Street LrtOn W1S 4AP Date.. 27 November 2023 15
BARNET CITIZENS ADVICE BUREAU STATEMENT OF FINANCIAL ACTivrriES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 las restat•dl Total furtds Urneslricted General Designated Restri¢led fund8 funds funds Not• Total lunds INCOME Donations and legacles 25.584 25,584 28,172 Charitable actwitigs 347.553 768.071 1,115,624 1.0.237 Irweslments 3,289 53 Total Income 374426 768,071 1.144,497 1.028.462 EXPENDITURE charitab act#$ 1376.42fj) (149.0521 1768.0131 11,293,4g11 {1.038.1581 {376.4261 1149.052) (76Q0131 {1,293,491) 11,03B,1S8) TrAal •xpènditure Trdnsfer ben lurKIs 14.9361 125.7SO (120,8141 IEXPENDtruREyINCOPE BEING NET MOVEMENT FUNDS 15116 14936) 123.302) 1120.7581 1148.9941 19,6961 RECONCILIAMON OF FUNDS Tirt81 funds broht foTward 347.735 234.259 128,SJ8 710,502 757,274 PrT yearadjustm8nt 37.076 37.076 Adiusled openiry balan 347,735 Z34.259 165,584 747.578 757.274 TOTAL FUNDS CARRED FORWARO 341799 210.951 44828 598.584 747.578 All Erwmg and eyparfiture has arisen from continuiTrJ actl¥ib8& Th8 Statement of Finandal ACt*S Indudes all gains and k)&8es r11 in year. Thè mt8S to the accounts are shywn on pages 20-34 arKI fimm an integ¥al part of Ihese ffinarr4al statemenis. 16
BARNET CITIZENS ADVICE BUREAU (Company number: 02627909) BALANCE SHEET ASA T31 MARCH 2023 20ZJ 2022 {as reststedl Not•s FIXED ASSETS Tangible fixed assets 12 41,119 57.935 CURRENT ASSETS Debtors Cash al bank and In hand 13 210.650 486.627 212.575 560,364 TOTAL CURRENT ASSETS 697377 772.939 LIABILITIES Credilors: amounts f8JllNJ due within on8 year 14 (139.8121 183,296) NET CURRENT ASSETS 557.465 689.643 TOTAL ASSETS LESS CURRENT LIABILITIES 747.578 RestsTcted income fiAyJs UreStrted fuNJs Designated furnls General funds 15 44,828 165,584 16 16 210.95r 342,799 234,259 347,735 Totsl UELrestricted FuTrJts 553,756 SB1.994 TOTAL FUNDS 594584 747.578 notes to the a¢coLuts are shown pages 20-34 arxl fomi part c(these finaKtal staterngnt$. Th8se finaTual statements have been wepar&J in rd8 vrith spe1 w0visn$ appIabl6 to companies subject lo thÉ small compar, reglme. The finarKkg1 *at&menlswer8 apwoved by t7 BoarTI of Trustees slgned on Ih8rt behalf ty. Valerl? Halon {Chatr) Dats: 21 17
BARNET CITIZENS ADVICE BUREAU STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 (as re5t8tedl R8conciliatlon of net incom8 to nel cash flow from operatiFVJ actlvities: Nel •K0rn8 for It reFKJrtiNJ P8tXMI (as p6rthe Statement of FinancMI ActivKies) (148.9941 19.6961 Adjustments for. D8precialron charges Dividends, interest aTrJ rents Irom invethents Decreas& I lincreasel in debtor5 Iw6as8 I Idecreasel in (xeditors 12 21.377 13,289) 1,925 19,339 1531 171,8541 124,1091 56,516 Net Cash provlded by I (used Inl operatlny acttvities: 172.4651 186,3731 Cash flows from Inve8tlng actIvio5. Divid918. interesis a1 rents Irom inNE5tments 3,289 53 Plwchases of fixed assets 12 (4,5611 123.8321 Nèt cash lus•d In) invesung ac13ville5: 11.2721 123.7791 Change in eash and cash equivaknts Ih8 r8portiThJ period (73.7371 1110.152) Cash arxf cash equivaknts al Ihe teginnlrvj of th6 rÈwrbng pertod 670,516 Cash and cash equlvalerts atthe 8¥xl of the reportlry perlod.. 48627 560.364 The notes to the a(A>)unts are shown on pages 2044 and form part of finanrAal st81emenls. 18
BARNET CITIZENS ADVICE BUREAU ANALYSIS OF NET DEBT FOR THE YEAR ENDED 31 MARCH 2023 At 1 April 2022 Cath lknvs M31 March 2023 Cash at bank in hand 560,364 (73.7371 486,627 560,364 (73.737) 486,627 Th8 notes lo the accounts are Sho on pages 2044 and fomi part (* the8e financial siatemen 19
BARNET CITIZENS ADVICE BUREAU NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accounting polldes Th8 principa accounting poliue5 a(k)pted, IeMentS and key sources of e5tirnatlc urtrrtainly In tho preparation of Ihe finan¢ial statements are as fdlcfiMs= Basis of preparatlon The financial statements have Ixen prered in accordan vth AcLY)unling and R@Ptyllng by Charities: Slalement of RecommerKled Practice 8pplicable to charilies preparing their accounts In accordance wlh Ihe Financtd Rèwrting Standard applicat40 in the UK and Republic of Irèland IFRS 1021 (updated 1 Jarwary 2019} - (Chatities SORP IFRS 1021). th8 Financial Reporting Stsndard applicaNe in the UK and ReNJNic of Irdand IFRS 1021 and the Companies Acl 2006. 8aTnel Citizens A(fvice Burea mé8ls the definilion of a publlc tnefit entity under FRS 102. Assetsand liabilitiès are initially recognised at hlslori¢al costorlrdnsaction value unlessotherwise stsled in the relevant accounting w)Ilcy notels). The finda1 stalem&nts are presented In Slerllng i£}. bl Legal status of thè Chartty The charity is a privatè company limited by guarantsg ar¥J has no share c&pltal. In the event of the charity bng wound up. the liability in iesFd of the guarant88 1$ lilnited to £1 per membor of the charity. As at 31 March 2023 there were 9 membgrs12Q)Z2.' 9). charfty was incorporated Ylhin Eland and Wale& a1 the wislered wjdrpss is40- 44 Chur( End. London. NW4 4JT. Going concern The financia statemenls have been prepared on a going cDn¢ern basis whlch forecasts that the charity wll have adequate resources to ¢tinUe in opEralional exislen¢B for a p70d Df at least 12 months from the dats of finanLial repcKL A forecast has be epad fiK a pertod irf more than 12 months flom the date of 8ppmv81 of these financial statements. The f¢xecast indi(ates thaL whllst lakiro into a¢wunt rea80nable )wnsidos, suffiLaentlunds are eXled to b8 gÈnerated wlhin Ihe d)arity so as lo meet liabilities a5 they fall due. As part of their review th6 Bo8id of Iws1 have addltlonally consdered the IMlCationS of the Curn1 coronav1rL Pandemic gThJ c(e assLFmption. &0m1C impact on the charity dl lo the Coronavirus Pandemic is bject to unprecedented levels of unc6rtainty Mlh the full rang¢ of possble effects unkno1. Sensilfvtty analyses have be&n aptAied lo Iheforecasts lo assess a range of potential impa¢isfrom the Coronavirus Pandomic. In the analyses, a varioly of assumpkn'ons modelled 1th Vang degrees of impact and duration. Whdsl there is evidence negative effeds on income arKI cash flows. the resulting Sentised forecasts cfjnlinue lo support tha golng eon¢ern assumptÈon and tho Bo8rd of Iruslees are confident they can lake suffiriènt mitig8ting 8clion to ensure that avale funds will be suffici8nl for the charity's needs. 20
BARNET CITIZENS ADVICE BUREAU NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accounting pollciès (¢ontinuedl Fund accounting Unreslricled fuTKls are available to SP8nd on actNities that further any of the purpKses of the charity. Dgnated funds arè reStricted funds of th8 charftywhich the trustees have decided al theirdi%retion to set de to LfOr8 spacific rmjrpose. The and purpose of each designated ftsnd is set in the note510 thefinancid stslements. R6slri¢ted fttnds are Barnel citensAdviCe BuTeau's orfor educational proi8(ts being undertaken by the charity. The cost of rasing and administering such funds 8ie tharged against the VCTficfund. The aim and use of each material denated and restricled fund is Sel out in the notes to the finanoal statemenls. Inv8stm8nl income, gains and losses are alEocated to Ihe 8ppropriate fund. Incomg Income is recognis8d when the charity has enliuanent to the funds. any performance wndilion¥ attaGh¢d trj the ilemls} of in¢(Mno have been meL il is wobable that the irKome wll be recryved and the amount can b8 Meajr1 reliably. Where in¥e has related expwNJiture {8$ wth fvThJraising or contract in(m18). the incom8 related exnditre are rewJri8d gross in the Slatwnenl ¢A Flnarthl Activrfaes. Donations, grants and gifts are recogrnsed b%then r1Vable. In the event that a donallon is subject lo fulfilling porfom1are ¢ditionS before the charity is entillgd lo the funds, the in¢omg IS deferred and not renised unti5 it is probablèthatthose conditions will befLÈlfilled in the reporting poriod. IncTrne from Gift lax redams is reccrfJni88d f(Y 8ny th)nations with relevant Gift certrficates renised in incomè for lh8 year. Any amourts of Gbft not received by y88r are counted f[ in Énc(Mme and accrued vKom8 debtors. Incomè from government and other grant& sthether 'capitd' grants or 'revenue' grants are reccJnised when th8 tharity has enltuement to the fuThls. any performarK8 wnditions attached to the grants have been mel, it is probable that the IrKx¥ne will rec£ived and the amount can be measured reliably 8nd is t deferred. Income recewed in advance f a futur8 fuwKlrai%ng evenL or for a grant fNed relating to the followng year is deferrÈd unlil Ihe critla 1rxrte recognition are met. Bank InlgTest is recognis8d on an accruals ba5i& Expenditure and Value Added Tax xpellditure is recognised once thère is a legal or cl81ti¥8 oNigation to make a payment to a third party, il is Probable that settlwnenl b8 rnquir and the amour)t of the obligation can be me8surÈd rdiably. Al exwKlilure is accJ)unted foT on an accruals basis under Ihe followng headings= Expenditure on charit80 adivib'es has been induded in Ihe relevant COSt categories. Support costs wmprise thos8 COSts which are incurred direc in gjpport of expenditure on the objects of the charity and Iaude govetnan¢e costs, finan, and offi¢0 costs. Govemance costs are thosa costs incurred in ¢onn8ction wth the (X1#nc& wÈth IStitutIOnal and slatulory requirements of the Gharity. Support costs are apportioned on a per Cata bas, based on the number of staff eTnployed on a particular adivity ere the grant wement or conlracf allow5. 21
BARNET CITIZENS ADVICE BUREAU NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accountlng polldé$ (contlnuedl gl Volunteers The value of the serylce5 pfovKled by votunteers is rK>t InCPOrated Into these fin8nrial statement& A further detail of their Contribut is provid&J in thè Trustees repc Fixed assots Fixed asset additions a catlsl at less Ihe amount of any speofi¢ gonts received In respect Df the purthase of those a&%el& Dewect8tion 15 provided at rates calculated to write off the cost less rèsidual v8fue ( eath asset over its expected useful life. as fdlows.. h) Leasehold improVemts Corllputer eqLJisJxènl Fixluras, fittings arKS equiFThent 10 years straight lir 5 ygars straight line 10 years siraighl line The nè8d for any irnpaimient of a frxed assgt vKite-down is consided if there is con¢eTn over the carrying value of an as5el aryj is assèssed by cMparing that Carr vduè against the value in use or realisatAe value the asset when apprOlate. Debtors Trade and other debtors a reJrwSed at the setuemenl due after any trade discount offered. Prepayfflenls e vaued at the wnount wepaÉd nel L4 any trade (Iscounts due. Accrued income is inolijded al the best estimats d the amounts receivat48 at thg balance sheet dale. Cash at bk and in hand Cash al bank and Ca in hand Indude5 cath arxl short lemi hlghly liqud irNestmonts th a strK)rt rnaturtty (A Ihr8e months or less fron the dale of acqui%tion or nIng the depDsit or simllar a¢¢ount. kl Credltors Creditors are rèwn1d vknere the ch8n.ty has a present obligation resulllThJ from a past event that wll probably resull in the transfer funds tr) a third pariy and the amrAJnl dua lo selile Ihe obligation can be measured LY estimateij reliably. Cre(lilors are normally re(wnised al Ih?ir settlement amounl after allo%%Tng for any trade thscounts due. Flnancial Instruments The charity only has flnancial assets arvj finaniaal li8kn1ibes of a kind tKg1 qualify as baslcfinancial instruments. Baslc finanal instruments a iniliaty recowised at transactlon value and subsaquantly measured at th[ setuement vatu8. Fixed assets arè recorded al dopreciated historical cost arKI all other assets arKI li8blÉbe5 are re(xNK al cost vthich is thr fairvalue. m) P•nslon$ Employees of the charity are entitl to jcrfn a defir ¢tribU hon8y purchase, s¢h&me. The cosls of the defIT Contrit11( are IndiKfed wlhin the 8550clated staff costs arKI Bllocaled therefore to raisFng funds, thalltabje &vibe& supw)rt arid govemanco costs. Operatlng leases Op8ralirvJ leases are rgwnised over the peri(%1 of1ch thè lease falls due. Benefi18 rewved and recetvabJ6 8s an InlIve to gn an orrating lease are recognised on a straight line bags ovw the riod of the le.
BARNET CITIZENS ADVICE BUREAU NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 o} Taxatlon The company is (#Msidered to pass the tests set oul in Paragraph 1 SC1Ule 6 of the Fin8n¢& Act 2010 8nd refOre il meets Iho definition d a charitaLI8 ¢(rnpany for UK tx)rpor8tion la purKK)ses. Accordingly. the c4)mp8ny is potenlialy exernptfr taxation in respect (* income OT capital galns received wthin categories CoVed by Chapter 3 Part 11 01 thè Corrx)ration Tax Ast 2010 or 256 of the T8X8don d Chargeae G&ns Act 1992. to the exl8nt that income or gains are apylled exdUvdY Its d)ariiable purrK)ses. Key sources ofludgement and •stlmation uncertalnty No SIlficant judgemenls. accounting I%A&S assumptions have been made by managemwl In applyiro the charity's a¢w&nting OKxes. Donatlons and Legacle$ 2023 2022 Donolions 25,584 28.172 Income from donations and legleS was £25.584 {2022- £28,172) of vthich £Nil12022-£16,1071 was attrfbutable to restrlcted funds and £25.584 (2022- £12.0651 was altributaiAe to unrestricted funds. Charltable Activltl•s 2023 2022 la$ rosiated) Local Governm•nt contracts: CommuntyA(fvice SeTvi¢e 347.553 347.552 347.553 347,552 Grants R•¢•lvgd: Generalist Advice Advic8- Welfare Benefits 501.836 314,043 8.45 216,047 114,145 Fin8nryal Capatq5ity Speaalist Employment and ImmKJration Olher Services 120.245 145,990 768,071 652.685 Total Charitable Activities 1.115,624 1,IJOO,237 Th6 Income from charitable aclivities receN £1,115.624 (21r22.' £1,000.237) of which £347,553 was unreslricled (2022: £347,552) and £768.071 was restsicted12022: £652.6851.
BARNET CITIZENS ADVICE BUREAU NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Charltable Activities Icontlnued) Total income of £347.55312022: £347,552) was retsived frcm the London BL¥ough of BameL Th& funds were receNed to deliver the Ccxnmunty Athtce SupFKYI Servi. There were no unfulfilled conditions or other conl1n9des attaciro lo grants. Investm•nt Income 2023 2022 Bank interest 3.289 53 Investmenl income (rf £328912022." £53) vra5 attributable lo unr88tricted funds. Analysls of Expondllure Support C05t (note 7) 2023 Total Costs Direct Costs Generalist A(fvice 382.649 368,141 142,829 133.697 525,478 5Q)1,838 Advice SeNices- Wdfare Benefits Financial Capabllty Specialist Infom)aUon, Athtce and Advocacy NIce Spedalist Employment and Immigralion Other services 17t,959 43.937 221.&J6 36.667 7,612 7.612 966,406 327.085 1,293.491 Support Costs (note 71 2022 Total Costs Dlrect Costs Generalist A(fvl( 189,482 231,178 10.436 126.005 315.487 Advic6 S8rvlces- Wdfare Benefiis 73,041 2.113 304.219 12,549 86,628 217.355 Financial C8pabillty SpecÉalist Information. Advu and Affvocacy service Specialist Employmgnt and ImmNJralton Olher services 86,628 26.418 I,937 69.356 32.564 101.920 691.389 346,769 1,038,158 £768,013 {2022.. £S29.094) crfthe above G05ts Mere attiItxJlae to rer[cled funds ar £525,47812022.. £409.Cl was atlributable lo unreslricled furKIs. 24
BARNET CITIZENS ADVICE BUREAU NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 alysis of Support Costs Admin and Piomlses Costs staff Costs Govemancè Costs Total 2023 Costs Generalist Athi( 93.755 39,186 142,829 Advice Services- Welfare Beneffts 39.352 83,287 11,058 133,697 Inanaal Capality StclaI151 Infomiabon. Advic& and Adv(K SeNIcB 19,803 21.262 2.872 43,937 Spècialist EmployTnert and Immigralion 3.140 482 6,622 Other Total 155.910 146.875 24.300 327,085 Admln and Premlses Costs staff Costs Govgmanco Costs Total 2022 Costs Generalist Advi¢e 64.685 51.995 9,325 126,005 Aijvice Servtcos- Wdtare Ben 35.445 35.445 2.151 73,041 Finanaal Capabilhy 1.037 1.013 2,113 Specialist 1nf0m)ati. Advice and Adv(Kacy Service 47.908 37,268 1,452 86,628 SpeciSt EmoyMent and Immigrabon 13.130 12.494 794 26,418 Other 18.918 12.667 979 32,564 Total 181.123 150.882 14.764 346.769 Support costs are apw>rUoned on a capita b$. based on the of staff em 0Yed on 8 partictrtar adivity WIre the grdnt agrewM8nt or ccnlrdLt al1¢YS. 25
BARNET CITIZENS ADVICE BUREAU NOTES TO THE FINANCIAL STATEMENTS (COlfflNUED) FOR THE YEAR ENDED 31 MARCH 2023 Governance Costs 2023 2022 Legal and prtlessional fe95 Auditor's rernuneration 900 3,T59 9,640 864 9.350 Acccwntancy and taxation servtces TnJ8lees' meeting costs ,250 7,800 501 24,30D 14.764 Analysls of costs and key managÈmert personnel 2023 2022 Wages ar salaries Socia sacurwty costs PgrEsion costs 933.016 70.715 19.108 698,141 59,316 13.408 1,022,839 770.865 No Trustees received remunerati1 and tsther benefits emOyMent dire¢tly or through a related enlity. Trusteas were reimbursed forlravel exwses in the year iotalling Nil {2022.' Nil). Thé total wnount of expenses rmburSed to Tnjsiees amounted lo £8.18412022'. £NIL). The averag8 monlhly head (xxmt was 41 (2022.. 321 aThJ analyS of the staff employ88s in the year re: 2023 2022 Managèrs other 26 41 32 No em0yS recewed total ern01entS of more than thl.(KJ) in the y8ar12022'. no ewnploye85). The key managèment personr1 of the charitable company Consists of 5 members {2022'. 61 of thg Barnel Citizens Athi(* Bureau manayemenl team wlM)58 total r8mungrations including employer's pension conlrtbullon5 lotalled £192,89912022.- £248.9LX)I.
BARNET CITIZENS ADVICE BUREAU NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 10 Net In¢ome 2023 2022 Net income is stal&l after chargiThJ". Depreciation Auditorfs remuneratiC'. - for audil seNices ~ for accountancy arKI taxatlm seNices Operating lease rentals 21.378 19,339 9,350 6.250 9,640 864 4.258 37.438 11 Penslon wnmltments The charlty operates a defined ntriJon pengon **eme. Pensi( costs for the ri(KI have been charged at £19,108 12022: £13.4081 as oullined aL¥M Al tho period end, £3,231 was owed to thè schene12022: £2,255}. 12 Tanglble FTxod Assets Fixtures. Fittings and Equlpmgnt Leasehold Improvements Computer Equlpment Total COST Al 1 Aprl 2022 Addition5 92,802 2C6,279 4.561 84,178 383,259 4.5e1 As al 31 M8r¢h 2023 92,802 210.840 84.178 387.820 DEPRECIATION Al l April 2022 Charge for ye3r 79.644 8.540 168,674 8.978 325,324 21,377 As al 31 March 2023 88.184 177.652 80.865 346.701 NET BOOK VALUE As at 31 March 2023 4.618 33,188 1313 41,119 As at 31 March 2022 13.158 37,605 7,172 51,935
BARNET CITIZENS ADVICE BUREAU NOTES TO THE FINANCIAL STATEMENTS (copifiNUED) FOR THE YEAR ENDED 31 MARCH 2023 13 Debtors 2023 2022 {as restated} Trade Debtors 171.360 39,290 fj75.499 37,076 ArUe Incom8 aNJ PrepayTnents 210,650 212,575 44 Crod5tors: Amounts Falllng Ce Wrthln One Year 2023 2022 Trade Credilors 15.802 20.777 96.230 7.003 19,338 15,989 41,943 6,026 Taxalion and So¢Fal Security Accruals and Deferred Ir$ other Creditors 139.812 83,298 14a Deferred Income 2023 2022 Deferred income 1 April Amount {released} in year Amount deferr8d in year 14,145 114.1451 70.172 70.172 Income is deferred vthen Teceived in the find31 pewi¢yJ bLrt has not been eamed by the of the year.
BARNET CITIZENS ADVICE BUREAU NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 15 R•stricted lund$ As 1 Aprll 2022 At 31 March 2023 Incom8 Expenditure Transfers Macmillan Cancar Research 52.686 148,307 {148.306) 152.687) A¢¢8SS to Justice- Spedaisl Advlce Scheme 23,542 14.672 114.6721 123.542} {1,WO) 13,7431 2,410 Access to Jusuce CJF Citizen8 Advl¢e EneTgy Best Deal Trust for London 3,743 12.4101 68.813 {68.813) Talisman Account 1.336 Hcxne Office 4.018 51,432 (51,432) (4,018) {8,80D) 19371 (1561 Sara Young Lega Big Energy Savings Netsrk Smart Energy Broadband Grant 937 156 Thames Water 1,950 11.9501 London Borough of Bametwinter Grant 3.800 Help lo aaim Census 30.621 353.530 {353.530) (30,621) 13,3081 9,538 Innovation Fund 19.538) 6.250 10.778 12.704 LBB Bamet 6,250 10.778 12.761 Hry Smith Chipping Barnel Foodbank Amld Clark 56,7tK) 10,385 (56,7001 {10,3281 11.OCrf)) Olhgr Restrfcied FuncL8 9,13 BOOST Notting Hill Ganesls BOOST Barnal Homes 13.170 13.170 (13,170) {13.1701 (17,042) (13.237) 11.154) (6,4591 City8ridge RCJ Advice- GLA 17.042 13237 1.154 National cIten5 AdVI- Open Door National Citizens Adwce- Olhers TOTAL 165.584 768,071 1768,013) 1120,814) 44,828
BARNET CITIZENS ADVICE BUREAU NOTES TO THE FINANCIAL STATEMENTS {cOriNUED) FOR THE YEAR ENDED 31 MARCH 2023 1S Restricted fund$ Icontinuodl A$ 1 April 2021 Al 31 March 2022 {as r•stat•dl Incom• ExpendituY• Transfers Macmillan Cancer Research Acce8S to JL1¢8 Spe¢ialist Advlce StheJne 22,921 150,520 1120,755) 52.686 23.542 23,542 1.000 Acce&s to Justice CJF Citizens Ad EneryJy Bost D881 Trust for LIdOn 1.000 8.779 7,200 62.750 112.236) {65.160) {300} {152.1951 3.743 (2,4101 1.336 4.018 Talisman Accounl Homo Office 1916 153,297 Sara Young Legacy Big Ewgy Savings NetbWTk Smart Energy Broadband Grant 8,800 937 1,250 1313) 156 156 1,0(X) 1,950 Thames Water 1,950 London Borough of Bamel Wnter Crant 3,800 30.621 Help to cl Census 46.764 163.524 4.410 57.197 (179.6671 11.102) {66.735) 3.308 (9.5381 6.250 10.778 InnovalÉon Fund LBB 8arnet 6.2 Henry Srnith Chlpping Barnel F(xxlbank Arrv)Id Clark 2B,350 16,938 (17,512) {4.234} 12.704 1.000 Other Restrfctsd FUNJS 14.779 (8.8261 9,903 TOTAL 138.043 6.636 1629.095) 165,584 Broadband Grant Ss furhjed by Cibzens Advice to assist bureaus in upJr8ding Ihelr broadband. Thames Water Tiust furKI a debt acfvice and money mentoring s(*em8for peOe In ter arrears. Help to Clawn is furxled by ClzenS A(fvice to pThide arKI sjpport to clients daimlng Universal Credit.
BARNET CITIZENS ADVICE BUREAU NOTES TO THE FINANCIAL STATEfiiENTS (cOl1NuED) FOR THE YEAR ENDED 31 AIARCH 2023 The European Séthement Scheme És furthd by the Home offi to d81iver wacti¢al pport to vulnerable EU Citizens arKI their family members arKI lo help make their EU Setttemenl Scheme applicalton. A¢cèss to JLSSti¢e is fLtnding to suppc*t the delivwy of wiafist legal thice in welfar8 benefits, Immigrati[ and nplOYMent law. Ma¢millan Welfare Benefits proj8¢t, fUn[d by Maunillan CarKer SuppL¥t, 1¢h provided speciallst Ifare benefils support lo (sncer palients. CItizensAl¢6 Energy Best Extra proj, funded byCiliz8ns AIfviLX. Yknich provide 8dvkoon redu¢ing energy costs to people In need. Tiuslfor Londrm fund¢d proiecathich SUPFQrts w)ple in nee¢J of legal advice (as8vA)rkforemploymenl and immigration issues. Talisman Accountis afurKI established togjpwt destitute dients in w)ergencycircum$tances Nthereby the fundin9 is not immadialeiy avlable. S8ra Young Legacy is a fulld for training 8v8nts forvdunleers. lo be usod cwer the next 4-5 yew& Big Energy Savings Nelbth is funded fmm Citizens Advi¢e to provid& thice to hBlp redu energy costs to clients. Smart Energy is funded by Cibzens Athice to help inform arKI thlse dients on smart energy such as smart meters. Eastern EUron Proiecl exists to prov¥Jg a(fvi SFecfflcAlly to dients fnxn Eastem Europe. COVID R&snSe and COVID EqLSiKm)eni Fund to dglNer equiwneiit and acthvitiès speufically aimed to svppwt CMunIty"e$ through th8 COVID19 ¢xisis. Good Foundatirm Trust: Cerws exists to fund costs of galhetiro Census Infomiation during the 2021 ngJ& The InnovalSon Fund was funded by the L(d0 Bor(wh of Barn8t to be applieil to 4)ecÈalist advice trj enable the charity lo meet ils gbjeclNe5 and aims for stakeholders. Henry Srnith Charity Funded cosls of the weEfare benefits arKI debt casevk. Chlpping Barnet Foodbank and Citizen Advke Bamel affj parthering to Increase the broadth of support and advice they can offer s8jv1 users by uUli&ThJ prdessional advi sèNices. BOOST- Notbng Hill GenS & Bamel H(Mnes- FUrIng for an Oulre8eh adviser to wxk In Burnt Oak and Grah8me Park OngsIde exisb.ng ccqnrnurtiy servhx. City Bridg8- Funding to SLEPP¥)rt exisling immigrabon athice arHI to Irwn a n8w immigratiorb adviser to OISC levd 3 a¢¢redilatton. 31
BARNET CITIZENS ADVICE BUREAU NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 RCJ CitizS Advice- GLA FundiThJ as part d a LoNkn-wide prvigct to Incre acc to speualisi debt and welfare benefits adv. National Cllizens Advice- op Door- fUling lo alcw us to rn0 opaaty to help clients drop In to our dfices. Transfer beknn funds were undertak$n to update tho desgnations of some lh9 gener81 funds. 16 Unrestrlcted funds Balance as at 1 April 2022 Balance a¥ at 31 March 2023 Income Expenditure Transfers Designated funds Staff Fyn(F 78.298 87.772 (59,0521 35,824 55,080 87.772 ITIPr8mlses Fund SeNÉ¢e Devekjwnent Fund 68.189 (9),}) 89.916 68.105 Total deslgnated lunds 234,259 (149.0521 125,750 21Q.957 G¢neral funds 347,7&5 376,426 {376,426) (4,9361 342.799 TOTAL UNRESTRICTED 581,994 376,426 1525,478) 120.814 553,756 Balance as at 1 April 2021 Balance a3 at 31 March 2022 Incomé Expendlturo Transf¢T5 Deslgnatèd funds Staff Fund 42.187 87,772 221,305 118,969} 55.080 78.298 87.772 BB.189 [TremiseS Fund Service Devekjpment Fund {gJ.OLM)) {63,116) Total deslgnated funds 351.264 1108,969} 18,036) 234,259 Genaral funds 267.7 371.827 I.095) 8,0 347,735 TOTAL UNRESTRICTED 619.231 371.827 1409.064) 581,994 32
BARNET CITIZENS ADVICE BUREAU NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 D8slgnated furKIs: The Staff Fund includes 8 d8signation of £35,83412022- £55,080) tofund an infiationary cost ofiiving increas& of 5.4% to supporl staff with the ojrrenl econotnic dimale. The remairNng balance relales lo a prgvious salary review whl¢h was applied to dign salaries Vlith market rates. The IT1Pr[SP$ Fund does not Include a dgnal[0 this year12022: £NIL). However, th8 balance relates to funds to upgrad8 IT sewer and eqlent £50,0 {2022: £50.1YY)l afKI a )ntinncY PTemi59s £37.772 12022.. £37.7721. The Service Development Futml ths r1 indude 8 deSiatiOn {2022: £NILI. The b8t8nce of £68,106 indudes funds set 8side to cover unfunded posts. 17 Net assots by fund General D•$ignat8d Restricted Total funds funds fuTKIs funds 2023 Tanglblè fixed assets CAJrrent awts 41,119 441.492 {139.812) 41.119 697,277 {139,8121 210.957 44.828 CreditLYs falling due in less than one year 342,799 21D.957 44,828 598,584 Ggnoral Designated Restrfctèd Total funds funds funds funds 2022 Restated Tangible fix8d assets Current a55els 57.935 361.148 57,935 772,939 183.296) 234,259 177,532 111.948) Creditors falling due In less than one ye8r (71.348) 347.735 234,259 165,584 747.578 18 R•latsd party transactions The cimpany pays a premium for professional in(lemnity insurance for ils Trustees whiGh is included within the total insuranc8 Premiurn payable each year. It is rt separately identifiable. There were no olhor related party Irans8Ctions {2022'. rrf)ne). BARNET CITIZENS ADVICE BUREAU
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 19 Commitments underoperating l•as•s Land and Bulldlng$ 2023 2022 other 2023 2022 Wthin one yg Two to Fwe years 3.802 .420 448 1,824 Total 3.802 30.420 20 Prlor ygar adjustments The Macmillan cart Research restricted lund as al 31 March 2022 has bts8n reduced by £37,076 due to an overstatement (* incune in the cxjrrent year a1 an undeTStalemenl of accrued incc¥ne as at 31 March 2022. This has in¢reaseil the total ftjnds ¢arrTed foTward as at 31 March 2022 to £747,578 from previously slatgd £710.502 and decr8a8ed the total funds Carried forward as at 31 March 2023 10 £598.584.