2021-03-31-accounts - Citizens Advice Nottinghamshire Central and South

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Reference and Administrative Details
Trustees' Report	2to5
Independent Examiner's Report
Statement ofFinancial Activities	7to 8
Balance Sheet
Statement ofCash Flows	10
Notes to the Financial Statements	11 to 24

		an	d Losses)
		Unrestricted	Restricted	Pension	Total	Total
		funds	funds	funds	2021	2020
	Note
Income and Endowments	from:
Donations and legacies	2	235,696			235,696	170,313
Charitable activities	3		345,756		345,756	359,381
Investment income	5	2,243			2,243	2,833
Total income		237,939	345,756		583,695	532,527
Expenditure on:
Charitable activities		(223,843)	(298,728)	(19,000)	(541,571)	(546,954)
Total expenditure		(223,843)	(298,728)	(19,000)	(541,571)	(546,954)
Net income/(expenditure)		14,096	47,028	(19,000)	42,124	(14,427)
Transfers between funds		26,100	(26,100)
Other recognised gains
and losses
Actuarial gains on defined
benefit pension schemes				(89,000)	(89,000)	39,000
Net movement in funds		40,196	20,928	(108,000)	(46,876)	24,573
Reconciliation offunds
Total funds brought
forward		272,515	61,533	(313,000)	21,048	(3,525)
Total funds carried forward	19	312,711	82,461	(421,000)	(25,828)	21,048

These are the figures for the	These are the figures for the	previous	accounting period	and are included	for comparative	purposes
			Unrestricted	Restricted	Pension	Total
			funds	funds	funds	2020
		Note
Income and Endowments	from:
Donations and legacies		2	170,313			170,313
Charitable activities		3		359,381		359,381
Investment income		5	2,833			2,833
Total income			173,146	359,381		532,527
Expenditure on:
Charitable activities			(210,165)	(311,789)	(25,000)	(546,954)
Total expenditure			(210,165)	(311,789)	(25,000)	(546,954)
Net (expenditure)/income			(37,019)	47,592	(25,000)	(14,427)
Transfers between funds			(23)	23
Other recognised gains and
losses
Actuarial gains on defined
benefit pension schemes					39,000	39,000
Net movement in funds			(37,042)	47,615	14,000	24,573
Reconciliation offunds
Total funds brought forward			309,557	13,918	(327,000)	(3,525)
Total funds carried forward		19	272,515	61,533	(313,000)	21,048

		Balance Sheet as at	31March 2021
				2021	2020
			Note
Fixed assets
Tangible assets			12	15,470	5,469
Current assets
Debtors			13	286	589
Cash at bank and in hand			14	387,321	338,649
				387,607	339,238
Creditors: Amounts	falling due	within one year	15	(7,905)	(10,659)
Net current assets				379,702	328,579
Net assets excluding	pension liability			395,172	334,048
Pension scheme liability			17	(421,000)	(313,000)
Net (liabilities)/assets	including	pension liability		(25,828)	21,048
Funds ofthe charity:
Pension funds				(421,000)	(313,000)
Restricted income funds
Restricted funds			19	82,461	61,533
Unrestricted income	funds
Unrestricted funds				312,711	272,515
Total funds			19	(25,828)	21,048

Statement	ofCash Flo	ws for the Yea	r Ended 31	March 2021
				2021	2020
			Note
Cash flows from operating activities
Net cash (expenditure)/income				(46,876)	24,573
Adjustments to cash flows from non-cash items
Depreciation				4,513	966
Investment income				2,243	2,833
				(44,606)	22,706
Working capital adjustments
Decrease/(increase) in debtors			13	303	(589)
(Decrease)/increase in creditors			15	(2,754)	2,293
Loss/gain on defined pension scheme				89,000	(39,000)
FRS102Pension adjustment				19,000	25,000
Net cash flows from operating	activities			60,943	10,410
Cash flows from investing activities
Interest receivable and similar	income		5	2,243	2,833
Purchase oftangible fixed assets			12	(14,514)
Net cash flows from investing	activities			(12,271)	2,833
Net increase in cash and cash equivalents				48,672	13,243
Cash and cash equivalents at 1	April			338,649	325,406
Cash and cash equivalents at 31March				387,321	338,649
Reconciliation ofnet cash flow to movement		in net funds
Increase in cash				48,672	13,243
Net funds at 1 April 2020				338,649	325,406
Net funds at 31March 2021				387,321	338,649

2 Incom	e f	r	om	donations	and legacies
						Unrestricted
						funds
							Total	Total
						General	2021	2020
Donations	and		legacies;
Donations		froin		companies,	trusts and similar proceeds	52,315	52,315	47,372
Grants, including				capital grants;
Government			grants			183,381	183,381	122,941
						235,696	235,696	170,313

Income from charitable
	Restricted	Total	Total
	funds	2021	2020
			f,
Grants &donations	345,756	345,756	359,381

					Unrestricted	Restricted
					funds	funds	Total
Beeston Consolidated Charity					2,300		2,300
Broxtowe Borough Council					90,291	76,315	166,606
Citizens Advice					11,313	181,618	192,931
National Lottery		Community		Fund		7,321	7,321
East Midlands Money Advice						68,302	68,302
The Henry Smith		Charity				12,200	12,200
Nottinghamshire		County Council			93,091		93,091
The Jones 1986	Charitable		Trust		5,000		5,000
Nottinghamshire		Community		Foundation	11,000		11,000
Sundry grants &donations					22,701		22,701
					235,696	345,756	581,452
5 Investment	income
					Unrestricted
					funds
						Total	Total
					General	2021	2020
Interest receivable		and similar		income;
Interest receivable on bank				deposits	2,243	2,243	2,833

6 Expenditure on char	itable activities
	Unrestricted	Pension		Total	Total
	General funds	funds	Restricted funds	2021	2020
Accountancy &
consultancy fees	5,797			5,797	2,156
Bank charges	71		80	151	137
Depreciation	3,415		1,098	4,513	966
Communications	4,602		1,419	6,021	4,033
Insurance	1,489			1,489	1,200
IT equipment &support	3,528		2,416	5,944	13,512
Legal &professional
fees	8,583			8,583	4,606
Miscellaneous expenses	437		240	677	4,682
Office equipment	2,807		408	3,215	2,023
Partner payments	35,171		14,222	49,393	30,160
Postage, printing &
stationery	3,078			3,078	8,520
Premises	14,207			14,207	25,344
Publicity &promotion					222
Recruitment			275	275	275
Salaries, NI &pension	178,748	19,000	206,302	404,050	427,591
Staff training	2,134		182	2,316	3,508
Staff travel	194		32	226	5,454
Subscriptions &
reference materials	6,651		437	7,088	1,596
Subsistence &
refreshments	60			60	1,500
Volunteer expenses &
training	1,959		4	1,963	6,369
Internal recharges	(53,144)		53,144
Payments to
beneficiaries	4,056		18,469	22,525	3,100
	223,843	19,000	298,728	541,571	546,954

Accounting	Plu	s are analysed as follows:
			2021	2020
Independent	examination		1,500	1,500
Other financial		services	120
			1,620	1,500

10 Staff costs The aggregate payroll costs were as follows:
	2021	2020
Staff costs during the year were:
Wages and salaries	354,523	370,328
Social security costs	18,924	21,518
Pension costs	11,603	10,745
FRS102pension service &interest costs	19,000	25,000
	404,050	427,591

2021		2020
No		No
	24		24

12 Tangible fixed assets
		Furniture and
		equipment	Total
Cost
At 1April 2020		31,310	31,310
Additions		14,514	14,514
At 31March 2021		45,824	45,824
Depreciation
At 1 April 2020		25,841	25,841
Charge for the year		4,513	4,513
At 31March 2021		30,354	30,354
Net book value
At 31March 2021		15,470	15,470
At 31 March 2020		5,469	5,469
13 Debtors
		2021	2020
Prepayments		286	589
14 Cash and cash equivalents
		2021	2020
Cash on hand		98	64
Cash at bank		387,223	338,585
		387,321	338,649
15 Creditors: amounts	falling due within one year
		2021	2020
Other taxation and social	security	4,320	6,782
Other creditors		1,785	1,727
Accruals		1,800	2,150
		7,905	10,659

The total value offuture minimum lease payments	was as follows:
	2021	2020
Within one year	2,107	2,107
In two to five years	2,107	4,214
	4,214	6,321

The amounts recognised in the statement offinancial position	are as follows:
	2021	2020
Fair value ofscheme assets	513,000	435,000
Present value ofdefined benefit obligation	(934,000)	(748,000)
Defined benefit pension scheme deficit	(421,000)	(313,000)

Defined benefit obligation Changes in the defined benefit obligation are as follows:
	2021
Present value at start ofyear	748,000
Current service cost	(12,000)
Interest cost	(17,000)
Actuarial gains and losses	191,000
Benefits paid	26,000
Contributions by scheme participants	(2,000)
Present value at end ofyear	934,000
Fair value ofscheme assets
Changes in the fair value ofscheme assets are as follows:

Changes in the fair value ofsche	me assets	are as f	ollows:
				2021
Fair value at start ofyear				435,000
Interest income				10,000
Return on plan assets, excluding	amounts	included	in interest income/(expense)	83,000
Employer contributions				9,000
Contributions by scheme participants				2,000
Benefits paid				(26,000)
Fair value at end ofyear				513,000

Analysis ofassets The major categories ofscheme assets are as follows:
	2021		2020
	%000
Cash and cash equivalents		27		ll
Equity instruments		328		278
Debt instruments		104		91
Property		54		55
		513		435

2021	2020
93,000	(40,000)

The principal actuarial	as	sumptions	at the statement offinancial p	osition date are as follows:
				2021	2020
Discount rate				2.00	2.35
Future salary increases				3.80	2.90
Future pension increases				2.80	1.90
Post retirement mortality		assumpti	ons
				2021	2020
				Years	Years
Current UK pensioners	at retirement		age - male	22.00	22.00
Current UK pensioners	at retirement		age - female	24.00	24.00
Future UK pensioners	at retirement		age - male	23.00	23.00
Future UK pensioners	at retirement		age - female	26.00	26.00

19 Funds
						Other	Balance at
		Balance at 1	Incoming	Resources		recognised	31March
		April 2020	resources	expended	Transfers	gains/(losses)	2021
Unrestricted	funds
General
General funds		219,015	237,939	(223,843)	26,100		259,211
Designated
Designated
funds		53,500					53,500
Total
Unrestricted
funds		272,515	237,939	(223,843)	26,100		312,711
Restricted funds
Europe Direct
Information
Centres		19,877			(19,877)
East Midlands
Money Advice		6,904	68,302	(69,801)			5,405
The Henry
Smith Charity		17,483	12,200	(12,000)			17,683
Citizens Advice
-Help to Claim		6,928	142,017	(112,173)			36,772
Best Practice
Lead			39,601	(37,206)			2,395
Housing		3,448	27,675	(23,057)			8,066
Homeless
Prevention	fund	6,893	13,000	(18,549)			1,344
Eastwood
Wellbeing	Hub		35,640	(24,844)			10,796
Equipment
(National
Lottery)			7,321	(1,098)	(6,223)
Total restricted
funds		61,533	345,756	(298,728)	(26,100)		82,461
Pension funds
Pension funds		(313,000)		(19,000)		(89,000)	(421,000)
		(313,000)		(19,000)		(89,000)	(421,000)
Total funds		21,048	583,695	(541,571)		(89,000)	(25,828)

Notes	to the Financi	al Statements for the Year Ended 31Ma	al Statements for the Year Ended 31Ma	al Statements for the Year Ended 31Ma	al Statements for the Year Ended 31Ma	rch 2021
These are thefigures	for the previous	accounting period and are included for comparative				purposes
					Other		Balance at
	Balance at 1	Incoming	Resources		recognised		31March
	April 2019	resources	expended	Transfers	gains/(losses)		2020
Unrestricted funds
General
General funds	257,715	173,146	(210,165)	(1,681)			219,015
Designated
Designated
funds	51,842			1,658			53,500
Total
unrestricted
funds	309,557	173,146	(210,165)	(23)			272,515
Restricted funds
Europe Direct
Information
Centres		26,952	(7,075)				19,877
East Midlands
Money Advice	5,587	70,349	(69,032)				6,904
The Henry
Smith Charity	8,331	41,600	(32,448)				17,483
Citizens Advice
-Help to Claim		143,805	(136,877)				6,928
Best Practice
Lead		39,000	(39,023)	23
Housing		27,675	(24,227)				3,448
Homeless Prevention fund		10,000	~3,107)				6,893
Total restricted
funds	13,918	339,381	~311,789	23			61,533
Pension funds
Pension funds	(327,000)		(25,000)			39,000	(313,000)
	(327,000)		(25,000)			39,000	(313,000)
Total funds	(3,525)	532,527	(546,954)			39,000	21,048

20 Analysis ofnet assets betw	een funds
	Unrestricted	funds
			Restricted	Pension	2021
	General	Designated	funds	funds	Total funds
Tangible fixed assets	15,470				15,470
Current assets	251,646	53,500	82,461		387,607
Current liabilities	(7,905)				(7,905)
Pension scheme liability				(421,000)	(421,000)
Total net assets	259,211	53,500	82,461	(421,000)	(25,828)
	Unrestricted	funds
			Restricted	Pension	2020
	General	Designated	funds	funds	Total funds
Tangible fixed assets	5,469				5,469
Current assets	224,205	53,500	61,533		339,238
Current liabilities	(10,659)				(10,659)
Pension scheme liability				(313,000)	(313,000)
Total net assets	219,015	53,500	61,533	(313,000)	21,048