REGISTERED COMPANY NUMBER: 03950747 (England and Wales) REGISTERED CHARITY NUMBER: 1080737 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 ST MARCH 2024 FOR WREXHAM AND DISTRICT CITIZENS ADVICE BUREAUX T Perkins Accountancy 25 Gi'osvenor Road Wrexham LLI I IBT
Wrecsam 2023/24 a'r Cylch Wrexham Annual Impact & District citizens advice orar opeth Who we are Citizens Advice Wrexham is an independent registered charity. We are part of the national Citizens Advice network and provide free, independent, confidential and impartial advice to everyone on their rights and responsibilities. Whoever you are. whatever the problem, our advice and educatlon solves problems and changes Ilves. In 2023124, Citizens Advice Wrexham saw 3.750 people who had over 20.150 issues. Why we're needed Life is complicated. Sometimes people encounter challenges and problems they don't know how to deal with, and they need help to overcome them. Indeed, people's problems have the capacity to affect both other aspects of their lives and wider society, should a situation escalate. Nearly 3 in 4 Citizens Advice clients across England and Wales say their issue caused difficulties in other parts of their life, such as anxiety or financial difficulty. Who we help Last year at Citizens Advice Wrexham 74% of clients did not own their own home 73% of clients were not employed 50 % of clients were disabled or had a long-term health condition 33% of clients had dependent children 42% of clients lived in social housing We're here to help everyone who needs us, but we also support those most in need. Across England and Wales the clients we help locally are almost 5 times more likely to be on a low-income compared to the average population. Our clients are also more likely to be disabled or have a long term health condition, to not be employed and to not own their own homes.
What we do Our service provides free, independent and confidential information and advice. We provide advice to everyone on any topic. One of our greatest strengths as a service is the flexibility to deal with most issues that come through our door. Plu5, by putting our clients, needs at the heart of our decision-making means that we work in partnership and can refer clients to other organisations to get the most relevant support. Key issues in Wrexham in 2023124: 2144 clients had an issue relating to benefits or tax credits 879 315 325 489 clients sought advice on debt clients needed advice relating to employment clients had relationship or family problems clients had an issue with housing By listening closely to the people who come to us, using our real-time data, and gathering insight and intelligence from clients and frontline advisers, we spot emerging local issues as well as policies, practices and regulations that are not delivering for society. We use this experience and evidence to research and campaign for positive change within both the public and private sectors. What we achieve Our minimum value to society Across Wales, 4 out of 5 clients have their problem solved by In 2023124 Citizens Advice Wrexham accessing advice through Citizens Advice. Indeed, 800/0 of our clients said that they would not have been able to resolve their problem without us, and 70% said they felt more confident to take action in the future. Benefited our clients by over £7 million through income gained via benefits, debts written off and consumer problems resolved Contact us Citizens Advice Wrexham 35 Grosvenor Road Wrexham LL11 1BT wrexhamcab@googlemail.com We also create additional benefit to society through the way we deliver our services by working with volunteers, being an embedded part of the local community and being part of the Citizens Advice national network. *The5e figures are tsken from 3 Trea5ury-approved national tneth0do1o applied locally, see.. Modelling the value ofihe Citizens Advice Seice
WREXHAM AND DISTRICT CITIZENS ADVICE BUREAUX CONTENTS OF THE FtNANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 Page Report of the Trustees Independent Examiiier's Report Statement of Financial Activities Balance Sheet Cash Flow Stateinenl io Note5 to the Cash Flow Statement Notes to the Financial Statements 12 to 18
WKEXHAM AND DISTRICT CITIZENS ADVICE BUREAUX REGISTERED NUMBER.. 03950747 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 The Ii'ustees who al'e also directors of the cliarity foi. rhe purposes of the Companies Act 2006, present their report with the Iiiiaiicial slaleinenls of the chariiy for the year ended 31 st March 20?4. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Stalemei)t of Recommended Practice applicable to charities preparing their accoiinis iii accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims The cliai-ity's objects are lo proiiiote any charitable Plirpose for the benefit of the community in Wrexham County Borough, by the advancement ot educalion, Ihe pi'otection and preservation of health and the relief of poverty, sickness and distt'ess. Aims, Objectives, Strategies and Activities for the Year Wrexliani & District Citizens Advice Bureaux aiins to pi-ovide free, confidential, impartial and independent advice and inforinalion for the benefit of the local coininunity, to exercise a responsible influence on the development of social policies and services and to ensure individuals do not suffer through a lack of knowledge or an inability to express their needs effectively. In addition lo the continuing provisioii of high-quality advisory services to the local community the primary objtiveS for the year were lo extend the means of service pi-ovision to include telephone advice, and to establish a specialist debt advisory service staffed by appropriately qualified personnel. To obtain the necessary funding to provide the additional services applications were made to various local and national providers of community finance. Advertiseineiits were placed in the local press for advisory staff both as paid employee5 and volunteers, induction and training being provided to the extent that necessary knowledge and skills were not pi-e-existing. The trLisiees liave paid due regai-d to guidance issued by the Charity Commissioners in deciding what a¢tivities the chai'ily should undertake. The pi'iiicipal activity of Citizens Advice remained the provision of free, confidential, independent and impartial advice. infomiation and counsel for members of the public. This is provided thi.ou one main bureau and several outreaches in the borough. In addition to general advice the following speciali51 advisory services were provided: Single advice fund debt specialist Siiigle Ildvice fund basic income pilot Commuiiiiy council outreach sei'vice Wariner Wales & EAP energy project Forces for enei'gy project Veterans advice service Gypsy and traveller communities advice service Advisory services were provided through face-to-face consultations, telephone advice lines and various outreach services al coininunity venues thi'oughoul the borough. Page I
WREXHAM AND DIS"rC.[ CITIZENS ADVICE BUREAUX REGISTERED NUMBER: 03950747 REPORT OF THE TRUSTEES FQR THF. YF.AR F.NDF.t) I 1ST MARC.H 2024 OBJECTIVES AND ACTIVITIES Sigiiificaiit activities Dui'ing the year Wrexham & District Citizens Advice Bureaux worked with nearly 4,000 clients, and dealt with over 20.000 diffei'ent issues, identified £1,104,857 woith of debts that clients have been assisted with either writing off throLigh insolvency methods (Debt Relief Order) or setling up repayment plans where appropriate and assisted clients in maxiniising Ilieir income by £5,3?3,454. Thi-ougli our Ni'ork this illaximised figure is income which has been brought into the County. We al-e experiencing an increase in very coimplex cases which are taking longer to address. Issues for clients and their evtryday lives are increasing, with the cost of liviiig crisis having a severe impact. We are also spending a lot more time working with clients who are experiencing mental health probletns. Thaiiks 10 funding from Tudor TrLlSt we continue to develop oui. 3-year partnership project with Advance Brighter Futiii'es offei'ing an early intervention and pi'evention servic¢ to clients to stop the escalation into a mental health patliivay. In addilioii thanks to funding from the Veterans Foundation we were able lo expand our support for veterans. Thanks to fuiidiiig froin the Guardian. via National Citizens Advice we were able lo increase our outreach to the gypsy and traveller comniunities. Volunteers Wrexham & District Citizens Advice Bureaux receives help and sUPPOrt in the forni of voluntary assistance in advising the public ai)d administering the cliai-ily. We al'e veiy grateful to our volunteers for their time and commitment. FINANCIAL REVIEW Fin#nLial position The iiel assets of the Wrexham Citizens Advice Bui'eaux at the 315t March 2024 were £553,534 (2023: £530,102). Total incoine for the year was £692,000 (2023: £582,173) and total expenditure for the year was £668,568 (2023.. £580,278). The charity did not have any borrowings fro7 either.pi-oviders of funding or other sources at the balance sheet date. Principal funding sources Tlie dii'eciors extend their gratitude to Wrexham couiity borough council who continue to support the core operating capacity of the charity. Additional ly, we thank tlie following for project specific funding: The We1511 Assembly through Natioiial Citizens Advice Wrexham county borough council Comniuniry councils- Acton, Gwersyllt, Broughton, Penycae and Rhos Moondaiice Foundation & National Grid through National Citizens Advice Tiidoi. Trust Splash Coniinunity TnEst Energ), Redress through Citizens Advice Denbighshire Tlie Veterans Foundation Tlie GLiardian, through National Citizens Advice Natioiial Citizens Advice Investment policy and objectives As reqiiired iii its memorandum paragi-apli 4 in furthei'ance of its objects, and for no other purposes, the charity has the powei. lo invest the monies of the chai'ity, not immediately required for its purposes. in or upon such investments, secui'ilies or pi'operty as may be thought fit, subject nevertheless to such conditions and such consents as may for the time being be imposed or required by law. Page 2
WllbXHAM AND DISI'RICT CITIZENS ADVICE BUREAUX REGISTERED NUMBER.. 03950747 REPORT or THE TRUSTF.FS FOR THF. YF.AR r.Nf)F.D .31 ST MARCH 2024 FINANCIAL REVIEW Reserves policy Undei. cilizeiis advice head office meinbership coiiipliance, Wrexham Citizens Advice Bureaux must maintain a level of reserves that is necessary to enable the charity lo be n)aiiaged efficiently and to provide a buffer. The Natioiial Citizens Advice Bureaux consider that the most appropriate level of reserves would be three to six months of expenditure. The level of designated reserves in this regard is Currently set at five months expenditure. The trustees are of the opinion that there are sufficient funds to meet the charities obligations on a fund-by-fund basis The trustees have this year created a designated reserve in relation to property maintenance and IT costs. The value of this reserve is cun'ently £25.000 (?023.' £iii l) Allocated to biireau are ti'ansfer Cosls fi'om various project sources and Ilie charity allocates some of this project funding allowances towards designated funds for the charity aiid, therefore. will meet full compliance of the citizens advice membership. FUTURE PLANS Wrexliain & District Citizens Advice Bui-eaiix aims to coiitinually improve access to its service5. To develop new ways in which people can access our services in order to iinprove accessibility To obtaiii new project funding and progress specialist work To networ1( more with potential partners to woi'k collaboratively to improve and increase the service we offer To work collaboratively with the Citizens Advice Network across Wales STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document Tlie charity is controlled by its governing document, a deed of trust, aiid constitutes a limited company, limited by guarantee, a5 defined by the Companies Act 2006. Recruitment and appointment of new ti'ustees Trusiees, who are also directols of Ilie coinpaiiy, are elected from the local community. The trn5tees keep its membership under annual review to eiislire that there is effective repi'esentation from the local community. No other persons or bodies external to the charity were elltiiled to appoint persons to the trustee board. Trustees Inust be a permitted person as defined by the Charities Act and of relevant skill or knowledge to the benefit of the Wrexliain & District Citizens Advice Bui'eaiix. Triistee5 are personally responsible for ensuring their skills and knowledge are maintained to a 5Candai-d wliich eiicompasses changes in legislat&on impacting on the operational activities of the rrust. Organisational Structure Tlie Ii'uslees who have served during the year and since tlie year end are sel out on page 4. Trustees are subsci-ibers to the meiiioi'anduni of association and the trustees are legally responsible foi- tlie overall management and control of the Wrexham & District Citizens Advice Bureaux. They hold at least four ordinary meetings in each year. Decision making Wi'exhaim & District Citizens Advice Bureaux is governed by its trustee board, which is responsible for setting the strategic dire¢iion of the organi5ation and Ilie policy of the charity. The trustees carry the ultimate responsibility for the condiict of the bureau atEd for ensuring that the charity satisfies its legal and contractual obligations. Trustee5 meet as a miniinuin quarterly and delegate the day-to-day operation of the organisation to the chief executive officer. The trustee board is independent froTn the management. A register of members, interests is maintained at the registered office, and is avai lable lo the public. Page 3
WREXHAM AND DISTRICT CITIZENS ADVICE BUREAUX REGISTERED NUMBER: 03950747 REPORT OF THE TRUSTEES FOR THE.. YEAR ENDED 3 1ST MARCH 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Inductioii aiid training of new trustees On appointment a newly elected triistee musl liave, as a miniinum, read and accepted the memorandum of association and articles of association of the Wrexham & District Citizens Advice Bui'eaux and read, understood and accepted the dulle5 and responsibilities of a trustee as outlined in the Charity Commissions booklets CC3 The essential ttustee: what yoii need lo kiiow, and CC3(a) - Responsibi l ilies of chai'ity Irusiees. Newly elected trustees must understand in detail the ethos, vision and objectives of the Wrexham & District Citizens Advice Bureaux. Wider network Wi-exl)am & District Citizens Advice Bureaux is a meiiiber of ctizens advice, the operating name of the Citizens Advice Bui'eaux, which provides a framework for standards of advice and casework management as well as monitoring progress against these standards. Operatiiig policies al-e independently detenmined by the trustee board in order to fulfil its chai'itable objects and comply witli tlie national membei'ship I'equiremenls. Related partie$ The Wre.xliain & District Citizens Advice Bureaux co-operates and liaises with a number of other advisory Services, local charities and social services departments on behalf of clients. Wliere one of the trustees holds the posltion of trusteeldii'ector of another charity they may be involved in discussions regarding thal other charity but not in the ultirnate decision-making process (non-voting). Risk management The ti'ustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are iii place lo provide reasonable assurance against fraud and error. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 03950747 (England and Wales) Registei'ed Charity number 10807J7 Registered office 35 Grosvenor Road WrexhaTn LLI I IBT Trustees C Betiley Retired (reSi]ed 26.6.24) M J Davies fil'e safety pra¢titioner M Goldstein (appointed 24.7.24) A Jones Charity worker J Kent Cl'own Servant A J Lewis Accountant H Piggotl Retii'ed A Sliields (appointed 9.10.24) R Wiggs (appointed 9.10.24) R D Williams Solicitor R Wi'ighi Barrister (appointed 22.11.23) (resigned 18.6.24) Coiiipany Secretary E J Morton Page 4
WREXHAM AND DISTRICT CITIZENS ADVICE BUREAUX REGISTERED NUMBER.. 03950747 IIEPORT OF THE TRUSTEES FOR TI-IE YEAR ENDED 31 ST MARCH 2024 REFEREf+lCE AND ADMINISTRATIVE DETAILS Independent Examiner T Perkins T Perkins Accountancy 25 Grosvenor Road Wi"exham LLII IBT Baiiliei's Bai'clays Bank plc 51-5? Hope Street Wi'exhain LLII IBB Approved by order of the board of trustees on 27tli Noveinber 2024 and signed on its behalf by: H Piggott - Trustee Page 5
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WREXHAM AND DISI'KICT CITIZENS ADVICE BUREAUX Independent examiner's report to the trustees of Wrexham and District Citizens Advice Bureaux ('the Conipaiiy,) I report to the charity trust¢es on my exainination of the accounts of the Company for the year ended 31 st March 2024. Responsibilities and basis of report As the charity's trustees of the Company (and also its dii'ectors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act aiid are eligible for independent exainination, I repoit iii respect of my examination of your charity's accounts as Caled out under Section 145 of the Charities Act 2011 ('Ihe ?0 I l Act,). In carrying out my examination I have followed the Directions given by the Charity Commission uiidei- Section 145(5) (b) of the 201 l Act. Independent examiner's statement Since your charity's gross income exceeded £250,000 your examiner must be a tnember of a listed body. I can conf that l ani qualified to undeitake the examination because l am a Member of the Association of Accounting Technicians. wliich is one of the listed bodies. I have completed My examination. I confirm tliat no matters have come lo my attention in connection with the exaniination giving me cause to believe: accounting record5 were not kept in respect of the Company as required by Section 386 of the 2006 Act- or the accounts do not accord with those records. or the accounts do not coinply with the accounting requirements of Section 396 of the 2006 Act other than any I'equireinent that the accounts give a true and tair view which is not a matter considered as part of an independent exaniiiiation. or th¢ accounts hav¢ not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Repoi'ling Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no othei. Inatters in connection with the exarnination to which attention should be drawn in tliis report in order to enable a proper undei-standing of the accounts to be reached. T Perkins T Perkins Accountancy 25 Grosvenor Road WrexhaTn LLII IBT 27th November 2024 Page 6
WREXHAM AND DISTRICT CITIZENS ADVICE BUREAUX STA TEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED J 1ST MARCH 2024 31.3.24 Total funds 31.3.23 Total funds Unrestricted fijnds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations aiid legacies 3,100 3,100 17.281 Chai'itable activities Advice & guidance 115,000 573,895 688,895 564,889 Investmeiit income Total 118,105 573,895 692,000 582,173 EXPENDITURE ON Raisiiig funds 35,380 35,380 32.307 Charitable activities Staff costs Delivery costs Premises costs 80,692 465,788 54,813 23,875 546,480 54,813 23,875 480,092 33.463 27,423 other 7,966 7,966 6,993 Total 88,658 579,856 668,514 580,278 NET If4COME/(EXPENDITURE) 29.447 (5,961) 23,486 1,895 RECONCILIATION OF FUNDS Total ftiiids brouglit forward 244,047 286.055 530,102 528,207 TOTAL FUNDS CARRIED FORWARD 273.494 280,094 553,588 530,102 The notes fomi part of these financial statements Page 7
WREXHAM AND DISTRICT CITIZENS ADVICE BUREAUX REGISTERED NUMBER.. 03950747 BALANCE SHEET 3 1ST MARCH 2024 31.3.24 Total funds 31.3.23 Total funds Unrestricted fuiids R¢stricted funds Notes FIXED ASSETS Taiigyible assets 64,204 280,095 344,299 352,566 CURRENT ASSETS Debioi's Casli at bank and in hand 12 989 225,176 10,021 28.554 I I,oio 253,730 17,250 227,832 226,165 38,575 264,740 245,082 CREDITORS Amounts falling due within one year (16,876) (38,575) (55,451) (67,546} NET CURRENT ASSETS 209,289 209,289 177,536 TOTAL ASSETS LESS CURRENT LIABILITIES 273,493 280.095 553,588 530.102 NET ASSETS 273.493 280,095 553,588 530,102 FUNDS Uni'estricled funds Reslricied tunds 273,493 280,095 244,047 286,055 TOTAL FUNDS 553,588 530,102 The chai'itable company is eiititled to exeinption fi-oni audit under Section 477 of the Companies Act 2006 for the year ended 31 st March 2024. The members have not required the company lo obtain an audit of its fmancial statements for the year ended 315t March 2024 in accordance with Section 476 of tlie Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable coinpany Iceeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial staternents which give a triie and fair view of Ilie state of affairs of the Charitable company as at tlie end of each financial year aiid of its surplus or deficit for each financial year tn accordance with the reqLiirements of Sections J94 and 395 and which othenvise comply with the requirements of the Conipanies Act 2006 I'elating to financial statemeiits, so fai. as applicable to the charitable company. (b) The notes fomi part of these financial statements Page 8 ontinued...
WREXHAM AND L)IS I"RIL"I CII'IZENS ADVICE BUREAUX REGISTERED NUMBER. 03950747 BALANCE SHEET - continiied 3 1ST MARCH ?024 These fiiiancial statements have been prepared in accoi'dance with the provisions applicable to charitable companies subject to the small cotnpanies regiime. The financial statements were approved by Ilie Board of Trustees and authorised for issue on 27th November 2024 and were signed on its behalf by: A J Lewis- Trustee The notes forin part of these financial statements Page 9
WREXHAM AND DIS'I KIC'I" LI"I"IZENS ADVICE BUREAUX CASH FLOW STATEMENT FOR THE YEAR FNDED 3 1ST MARCH 2024 31.3.24 31.3.23 Notes Cash flow5 from operating activities Casli oenerated from operations Interest paid 27.919 31,646 (383) Net casli provided by operating activities 27,919 31,263 Cash flows from investing activities Pui'chase of tangible fixed assets Interest received (218) (37,320) Net cash used in investing activities (213) (37,317) Change in cash and cash equivalents in the reportiiig period Cash and ellsh equivalents at the beginiiing of the reporting period 27,706 (6,054) 212,557 218,611 Cash and cash equivalents at th¢ end of the reporting period 240,263 212,557 The noies foi-m part of these financial staternents Page 10
W'REXHAM AND DISTRICT CITIZENS ADVICE BUREAUX NOTES TO THE CASH FLOW STATEMENT FOR TI.IE YEAR ENDED 31 ST MARCH 2024 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.3.24 31.3.23 Net income for the reporting period (as per the Statement of Financial Actii'ittes) Adju5tment5 for: Deprec iation charges Inlei'est i-eceived Interest paid Deci'ea5e/{increase) in debioi-s {Decrease)/increase in creditors 23,486 1,895 8,485 (5) 8,772 (3) 383 (6,800) 27.399 6,240 (10.287) Net cash provided by operati0115 27,919 31,646 ANALYSIS OF CASH AND CASH EQUIVALENTS 31.3.24 31.3.23 Cash in hand Notice deposits (less than 3 months) Ovei'drafts included in bank loans and overdrafts falling due within one year 42 253,688 (13,467) 122 227,710 (15,275) Total cash and cash equivalents 240,263 212,557 ANALYSIS OF CHANGES IN NET FUNDS Ai 1.4.23 Cash flow At 31.3.24 Net cash Cash at bank and in hand Bank overdrafts 227,832 (15,275) 25,898 1,808 253,730 (13.467) 212,557 27,706 240,263 Total 212,557 27,706 240.263 The notes foi-lm part of these financial statements Page 11
WREXHAM AND DISTRICT CITIZENS ADVICE BUREAUX NOTES TO THE FINANCIAL STATEMENTS FOR I'HE YEAR ENDED 31ST MARCH ?024 ACCOUNTING POLICIES Basis of preparing the financial stateTnents The tinancial statements of the charitable company, which is a public benefit entity under FRS 102. have been prepai'ed in accordance witli the Chai'ities SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to chai-ities pi'eparing Iheii- accounts in accordance with the Financial Repoi1ing Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standai'd 102 'Tlie Financial Reporting Standard applicable in the UK and Republic of Ii-eland, and the Companies Act 2006. The financial stateinenls have been prepared under the historical cost convenlion. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation Gommitting the cliai-ity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation call be illeasui'ed reliably. Expenditure is accounted for on an accruals basis and has beeii cla55ified under he¢idings that au ¥gregate all cost related to tlie category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible flxed assets Depreciation is provided al the following annual rates in order to write off each asset over its estimated useful Fi'eehold propety Plant and machinery Computer equipment 20/0 on cost 15 /D on I'educing balance 330/0 on reducing balance Taxation The charity is exempt from coiporalion tax on its charitable a¢tivilie5. Fuiid accounting Uiirestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted lldS can only be used for particular restricted purposes within the objects of the charity. Restrictions ai'ise when specified by the donoi. or when funds are raised for particular restricted purposes. Fuitlier explanation of the nature and purpose of each fund is included in the notes to the financlal Statements. Pension Costs and other post-retirement benefits The cliai'itable company opei'ales a defiiied conii'ibution pensioii scheme. Contributions payable to the charitable company's pension scheme al'e chai'ged to the Statement of Financial Activities in the period to which they relate. Page 12 continued...
WREXHAM AND DISTRICT CII'I£LNS ADVICE BUREAUX NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 3 1ST MARCH 2024 DONATIONS AND LEGACIES 31.3.24 31.3.23 Donations 3,100 17,281 INVESTMENT INCOME 31.3.24 31.3.23 Inlei'esl receivable - trading INCOME FROM CHARITABLE ACTIVITIES Incliided in incorne forn) charitable activities is a sum of £115,000 received from Wr¢xham county borough council (2023: £115.000). CHARITABLE ACTIVITIES COSTS Direct Costs SialT costs Delivery costs Preimises costs 546,480 54,813 23,875 625,168 SUPPORT COSTS Governance Costs Other resources expended 7,966 NET INCOMEI{EXPENDITURE) Net incomel(expenditure) is staled after chargingl(crediting)'. 31.3.24 31.3.23 Depreciation - owned assets 8,485 8,772 Page 13 conlinued...
WREXHAM AND DIS I'RICT CITIZENS ADVICE BUREAUX NOTES TO THE FINANCIAL STATEMENTS - continued FOR THF, YEAR ENDF.D 3 1ST MARCH 2024 TRUSTEES, REMUNERATIOIY AND BENEFITS There were no trustees, reimunei'ation or other benefits for the year elided 3 1st March 2024 nor for the year ended 31 st March 2023. Trustees, expenses There were no trustees, expenses paid for the year ended 31st March 2024 nor for the year ended 31 51 March 2023. STAFF COSTS 31.3.24 31.3.23 Wages and salaries Social Security costs Otl)ei' pension costs 496,394 35,658 14,428 432,913 33.064 14.115 546,480 480,092 The average monthly number of employees during the year was as follows-. 31.3.24 31.3.23 Management & administratioi) Advice deliveiy 19 17 22 19 No einployees received emoluments in excess of £60,000. io. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds Restricted funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 17.281 17,281 Charitable activities Advice & guidance 115.000 449.889 564,889 Investinent income Total 132.284 449,889 582.173 EXPENDITURE ON Raisiiig funds 32,307 32,307 Charitable activities Staff costs Delivery costs Premises costs 62,510 33,463 21,463 417.582 480,092 33,463 27,423 5,960 Other 6,993 6,993 Total 124,429 455,849 580,278 Page 14 continued...
WREXHAM AND DISTRICT CITIZENS ADVICE BUREAUX NOTES TO THE FINANCIAL STATEMENTS- continued F(iR THF. YF.AR r.NDFI) I 1ST MARCH ?024 io. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- continued Unrestricted Restricted nds funds Total funds NET INCOMEI(EXPENDITURE) 7,855 (5.960) 1.895 RECONCILIATION OF FUNDS Total funds brought forward 236,192 292,015 528,207 TOTAL FUNDS CARRIED FORWARD 244,047 286,055 530,102 TANGIBLE FIXED ASSETS Freehold property Planl and machinery Computer equipment Totals COST At I st April 2023 Additions 358,328 77,467 96 3,788 122 439,583 218 At 31 st March 2024 358,328 77,563 3,910 439.801 DEPRECIATION Al 1st April 2023 Chai'ge for year 13,590 7.167 70,339 1.074 3.088 244 87,017 8.485 At J Isl March 2024 20.757 71,413 3,332 95,502 NET BOOK VALUE At 31 st March 2024 337,571 6.150 578 344,299 At J I sl March 2023 344,738 7.128 700 352.566 12. DEBTORS: AMOUNTS FALLING DUI WITHIN ONE YEAR 31.3.24 31.3.23 Acci'ued income Prepayinents 10,021 989 16,775 475 11.010 17,250 Page 15 continued...
WREXHAM AND DISTRICT CITIZENS ADVICE BUREAUX NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 ST MARCH 2024 13. CRE4 DJTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Bank loans and overdrafts (see note 14) Social security and other taxes Other creditors Credit card Accrued expenses Deferred income 13,467 9,536 15,275 8,578 1,500 365 2,798 39,030 843 3,051 28,554 55,451 67.546 14. LOANS An analysis of the maturity of loans is given below.. 31.3.24 31.3.23 Amouiits falling due within one year on demand.. Bank overdrafts 13.467 15,275 15. MOVEMENT IN FUNDS Net moveTnent in fund5 Transfers betwe¢n nds At 31.3.24 At 1.4.23 Unrestricted funds Gene171 fund Designaled reserve 44.047 200,000 29.446 (25,000) 25,000 48,493 225,000 244,047 29,446 273,493 Restricted funds Capital grant 286.055 (5,960) 280,095 TOT AL FUNDS 530,102 23,486 553,588 Page 16 continued...
WREXHAM AND DISTRICT CITIZENS ADVICE BUREAUX NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR FNDED 3 1ST MARCH 2024 15. MOVEMENT IN FUNDS- continued Nei illovement in funds, included in tlie above al'e as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 118,105 (88,659) 29.446 Restricted funds Acloii community counci I Gwersyllt community council R110511anerchrugog comniuiiity council Penycae community council Broughton community council Single advice fund Capital grant Splasli commuttity trust Forces 4 energy CAB - Cost of living Tudor Trust NCA Energy Guardian Velraiis foundation Waillier Wales WCBC - Cost of living 6,652 9,121 6,296 6,296 9,000 335,004 (6,652) (9,121) (6,296) (6,296) (9,000) (335,004) {5,960) (1,740) (21,903) (13,846) (42,000) (20.948) (28,181) (11,429) (41,479) (20,000) (5,960) 1,740 21,903 13.846 42,000 20,948 28,181 11,429 41,479 20,000 573,895 (579,855) (5,960) TOTAL FUNDS 692,000 (668,514) 23,486 Comparatives for movement in funds Net movement tn funds At 31.3.23 At 1.4.22 Unrestricted funds Genei-al fund Designated reserve 36,192 200.000 7.855 44,047 200,000 236,192 7,855 244,047 Restricted funds Capital grant 292.015 (5,960) 286,055 TOTAL FUNDS 528,207 1,895 530,102 Page 17 continued...
w'tIEXHAM AND DISTRICT CITIZENS ADVICE BUREAUX NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST MARCH 2024 15. MOVEMENT IN FUNDS- continued Comparative net movement in fuiids, included in Ihe above are as follows.. Jncoming resources Resources expended Movement in funds Unrestricted funds General fund 132,284 (124,429) 7,855 Restricted funds Aclon community council GwersyIIt community council Rhosllanerchrugog community couiici I Penycae community council Broughton community council Single advice fvnd Capital grant Moondance Splash community trust Forces 4 energy CAB - C05t of living Tudor Trust 6,522 8,108 6,221 6,221 9,000 302,072 (6,522) (8.108) (6,221) (6,221) (9,000) (302,072) (5,960) (34,900) (2,755) (30,936) (1.154) (42,000) (5,960) 34,900 2,755 30,936 1,154 42,000 449,889 (455,849) (5,960) TOTAL FUNDS 582,173 (580,278) 1,895 16. RELATED PARTY DISCLOSURES There were no related party n'an5actions for the year ended 31 st March 2024. Page 18