| Chelmsford Citizens Advice Bure |
Chelmsford Citizens Advice Bure |
Chelmsford Citizens Advice Bure |
au | ||
|---|---|---|---|---|---|
| Reports and Financial Statements | 2023 | ||||
| Contents | Page | ||||
| Officers &professional | advisers | ||||
| Trustee report | |||||
| Statement ofdirectors' | responsibilities | ||||
| Independent examiner's |
report | 10 | |||
| Statement offinancial | activities | ||||
| Balance Sheet | 12 | ||||
| Statement ofcash flow | 13 | ||||
| Notes to the accounts | 14 |
| for the year | ended | 31Mar | ch 2023 | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Notes | |||||||||
| 2023 | 2022 | ||||||||
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||||
| Income | |||||||||
| Bank interest | |||||||||
| received | 851 | 851 | 27 | 27 | |||||
| Donations | 2,270 | 13 | 2,283 | 838 | 47 | 885 | |||
| Charitable activities |
172,934 | 633,166 | 806,100 | 219,059 | 662,624 | 881,683 | |||
| Other income | 60,174 | 60,174 | 68,059 | 68,059 | |||||
| Total income | 176,055 | 693,353 | 869,408 | 287,983 | 662,671 | 950,654 | |||
| Expenditure | |||||||||
| Charitable activities |
211,365 | 780,035 | 991,400 | 229,362 | 672,590 | 901,952 | |||
| FRS 102pension | |||||||||
| movements | |||||||||
| Service costs | 15 | 27,000 | 27,000 | 28,000 | 28,000 | ||||
| Employer | |||||||||
| contribution | 15 | (19,000) | (19,000) | (23,000) | (23,000) | ||||
| Total resources | |||||||||
| expended | 219,365 | 780,035 | 999,400 | 234,362 | 672,590 | 906,952 | |||
| Net income | |||||||||
| (expenditure) | in the | ||||||||
| year | (43,310) | (86,682) | (129,992) | 53,621 | (9,919) | 43,702 | |||
| Actuarial gains |
|||||||||
| (losses) on defined | |||||||||
| benefit pension | |||||||||
| scheme | 15 | 154,000 | 154,000 | 68,000 | 68,000 | ||||
| Net income (deficit) | |||||||||
| in the year after | |||||||||
| actuarial | |||||||||
| adjustments | 110,690 | 86,682 | 24,008 | 121,621 | (9,919 | 111,702 | |||
| Balance brought | |||||||||
| forward | 451,007 | 130 | 451,137 | 335,667 | 3,768 | 339,435 | |||
| Net movements | from | ||||||||
| above | 110,690 | (86,682) | 24,008 | 121,621 | (9,919) | 111,702 | |||
| Transfer between | |||||||||
| funds | (94,475) | 94,475 | 6,281 | 6,281 | |||||
| Balance carried | |||||||||
| forward | 467,222 | 7,923 | 475,145 | 451,007 | 130 | 451,137 |
| Balance Sheet as at | 31March 2023 | |||||
|---|---|---|---|---|---|---|
| Notes | 2023 | 2023 | 2022 | 2022 | ||
| Fixed assets | 15,169 | 19,801 | ||||
| Debtors | 30,978 | 41,461 | ||||
| Cash at bank and in hand | 269,664 | 403,505 | ||||
| Current assets |
300,642 | 444,966 | ||||
| Creditors: Amounts | falling due | |||||
| within one year | 10 | (78,666) | (105,630) | |||
| Net current assets | 221,976 | 339,336 | ||||
| Cash Flow generated | from | |||||
| operations | 237,145 | 359,137 | ||||
| Defined benefit pension scheme | ||||||
| assets( liability) | ||||||
| Defined benefit pension scheme | 15 | 238,000 | 92,000 | |||
| Net assets | 475,145 | 451,137 | ||||
| Unrestricted funds |
11 | 229,222 | 359,007 | |||
| Pension fund reserve | 11 | 238,000 | 92,000 | |||
| Restricted funds |
11 | 7,923 | 130 | |||
| Net Reserves | 475,145 | 451,137 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Cash Flows from Operating Activities |
||||
| Net income (expenditure) | in the year | (129,992) | 43,702 | |
| Adjustments for |
||||
| Depreciation | 12,772 | 12,327 | ||
| Interest | (851) | (27) | ||
| (Increase)/ Decrease | in debtors | 10,483 | 12,892 | |
| Increase/ (Decrease) |
in creditors | (26,964) | 20,199 | |
| FRS 102 Defined benefit | pension scheme adjustment | 8,000 | 5,000 | |
| Cash Flow generated from operations |
(126,552) | 94,093 | ||
| Interest income | 851 | 27 | ||
| Purchase oftangible | fixed | assets | (8,140) | (3,869) |
| Net increase /(decrease) | in cash | (133,841) | 90,251 | |
| Cash at beginning | ofthe | year | 403,505 | 313,254 |
| Cash at the end of | the year | 269,664 | 403,505 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Unrestricted | Unrestricted | |||
| Grants | ||||
| Chelmsford City Council |
114,629 | 103,584 | ||
| Essex County Council | 99,333 | |||
| National Citizens Advice |
15,000 | |||
| Citizens Advice Essex | 15,192 | 15,672 | ||
| other | 28,113 | 470 | ||
| 172,934 | 219,059 | |||
| Restricted | Restricted | |||
| Grants | ||||
| Pensionwise | 483,589 | 441,489 | ||
| Universal Credit: Help to |
Claim | 60,731 | ||
| Law Project | 15,000 | 100,000 | ||
| Civil Military Partnership |
Board | 14,063 | ||
| Foodbank | 9,800 | |||
| Britich Gas Energy trust | 17,471 | |||
| Essex Community Foundation |
Writtle Housing | 39,708 | ||
| Citizens Advice Essex - Warm | Homes | 27,387 | 26,579 | |
| Citizens Advice Essex - Warm | Start | 26,148 | 26,148 | |
| Citizens Advice Essex —Volunteering | 7,677 | |||
| 633,166 | 662,624 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |
| Salaries and pension | ||||||
| costs | 106,679 | 621,748 | 728,427 | 113,157 | 509,068 | 622,225 |
| staff and volunteer | ||||||
| costs | 1,319 | 4,225 | 5,544 | 58 | 8,504 | 8,562 |
| Office | 47,119 | 18,072 | 65,191 | 68,012 | 35,265 | 103,277 |
| Premises | 42,791 | 16,460 | 59,251 | 60,244 | 12,130 | 72,374 |
| Governance | 242 | 1,150 | 1,392 | 1,188 | 2,303 | 3,491 |
| overhead contribution |
(53,109) | (53,109) | ||||
| Independent | ||||||
| examination | 1,420 | 1,420 | 2,240 | 2,240 | ||
| Partner Payments | 113,100 | 113,100 | 104,732 | 104,732 | ||
| other costs | 11,795 | 5,280 | 17,075 | 37,572 | 588 | 38,160 |
| Total resources | ||||||
| expended | 211,365 | 780,035 | 991,400 | 229,362 | 672,590 | 901,952 |
| 2023 | 2022 | ||
|---|---|---|---|
| Staff costs | |||
| Wages and salaries | 642,747 | 545,140 | |
| Social security costs | 49,951 | 39,804 | |
| Pension costs | 35,729 | 37,281 | |
| Total | 728,427 | 622,225 | |
| Average monthly | head count | 26 | 26 |
| Fixed Assets for Charity | Use | ||
|---|---|---|---|
| 2023 | 2022 | ||
| IT, | IT, | ||
| Telecom | Telecom | ||
| &Office | &Office | ||
| Equipment | Equipment | ||
| Cost | |||
| 1 April 2022 | 156,795 | 152,926 | |
| Additions | 8,140 | 3,869 | |
| 31 March 2023 | 164,935 | 156,795 | |
| Depreciation | |||
| I April 2022 | 136,994 | 124,667 | |
| Charge | 12,772 | 12,327 | |
| 31 March 2023 | 149,766 | 136,994 | |
| Net Book Value | |||
| 31 March 2023 | 15,169 | 19,801 | |
| 31 March 2022 | 19,801 | 28,259 | |
| All assets are used for charitable | purposes |
| 9 | Debtors | ||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Debtors | 24,792 | 39,566 | |||
| Prepayments and |
Accrued Income | 6,186 | 1,895 | ||
| 30,978 | 41,461 | ||||
| 10 | Creditors | ||||
| 2023 | 2022 | ||||
| Creditors Amounts | due within | 1 year | |||
| Other Creditors | 78,666 | 105,630 | |||
| 78,666 | 105,630 |
| Total | |||||||
|---|---|---|---|---|---|---|---|
| Opening | Incoming | Resources | Actuarial | resources | Transfer from | Closing | |
| 2023 | Balance | Resources | expended | adjustment | expended | unrestricted | Balance |
| Restricted funds | |||||||
| Pensionwise | 10,448 | 483,589 | (486,350) | (486,350) | 7,687 | ||
| Foodbank | 0 | 9,800 | (10,103) | (10,103) | 303 | 0 | |
| Universal Credit |
0 | 0 | 0 | 0 | 0 | ||
| Warm Homes | (2,077) | 27,400 | (26,749) | (26,749) | 1,426 | 0 | |
| Warm Start | 34 | 26,148 | (26,035) | (26,035) | 147 | ||
| Law Project | 3,141 | 15,000 | (13,591) | (13,591) | (4,550) | 0 | |
| Volunteer fund |
(6,001) | 0 | 0 | 0 | 6,001 | 0 | |
| Civilian Military | (5,415) | 14,063 | (23,552) | (23,552) | 14,904 | 0 | |
| Central Law Group | 0 | 60,174 | (135,204) | (135,204) | 75,030 | 0 | |
| British Gas Energy | |||||||
| Trust | 0 | 17,471 | (17,382) | (17,382) | 89 | ||
| ECF | 0 | 39,708 | 41,069 | 41,069) | 1,361 | 0 | |
| Total Restricted | |||||||
| Funds | 130 | 693,353 | (780,035) | 0 | (780,035) | 94,475 | 7,923 |
| Designated funds |
|||||||
| Unrestricted funds |
359,007 | 176,055 | (211,365) | (211,365) | (94,475) | 229,222 | |
| Pension reserve | 92,000 | 146,000 | 146,000 | 238,000 | |||
| Total Funds | 451,137 | 869,408 | (991,400) | 146,000 | 845,400) | 0 | 475,145 |
| Total | |||||||
|---|---|---|---|---|---|---|---|
| Opening | Incoming | Resources | Actuarial | resources | Transfer from | Closing | |
| 2022 | Balance | Resources | expended | adjustment | expended | unrestricted | Balance |
| Restricted funds | |||||||
| Pensionwise | 1,551 | 441,536 | (432,639) | (432,639) | 10,448 | ||
| Universal Credit |
2,239 | 60,731 | (69,251) | (69,251) | 6,281 | 0 | |
| Warm Homes | 1 | 26,579 | (28,657) | (28,657) | (2,077) | ||
| Warm Start | 0 | 26,148 | (26,114) | (26,114) | 34 | ||
| Law Project | 0 | 100,000 | (96,859) | (96,859) | 3,141 | ||
| Volunteer fund |
(23) | 7,677 | (13,655) | (13,655) | (6,001) | ||
| Civilian Military | 0 | 0 | (5,415) | (5,415) | (5,415) | ||
| Central Law Group | |||||||
| ECF | |||||||
| Total Restricted | |||||||
| Funds | 3,768 | 662,671 | (672,590) | 0 | (672,590) | 6,281 | 130 |
| Designated funds |
|||||||
| Unrestricted funds |
306,667 | 287,983 | (229,362) | (229,362) | (6,281) | 359,007 | |
| Pension reserve | 29,000 | 63,000 | 63,000 | 92,000 | |||
| Total Funds | 339,435 | 950,654 | (901,952) | 63,000 | (838,952 | 0 | 451,137 |
| At 31 March 2023 the company | had total commitments | under non-cancellable | operating |
|---|---|---|---|
| leases as follows | |||
| 2023 | 2022 | ||
| Land and buildings | |||
| Less than 5 years | 35,517 | ||
| Office Equipment: | |||
| Later than one year and not later | than five years | 1,377 | 1,377 |
| 2023 | 2022 | |
|---|---|---|
| Income | ||
| Citizens Advice Bureau | 498,589 | 502,220 |
| Citizens Advice Essex | 69,175 | 76,076 |
| 567,764 | 578,296 | |
| Expenditure | ||
| Citizens Advice Bureau | 7,667 | 9,097 |
| Citizens Advice Essex | 250 | |
| Citizens Advice Stevenage | 113,100 | 104,732 |
| 121,017 | 113,829 |
| Assets | 2023 | 2023 | 2022 | 2022 | ||
|---|---|---|---|---|---|---|
| 6000's | 0/ | f000's | 0/' | |||
| Equities | 406 | 58 | 414 | 60 | ||
| Gilts | 10 | 1 | 16 | 2 | ||
| Other bonds | 0 | 0 | 30 | 5 | ||
| Property | 58 | 8 | 57 | 8 | ||
| Cash/temporary | investments | 23 | 3 | 17 | 3 | |
| Alternative | assets | 111 | 16 | 85 | 12 | |
| Other managed | funds | 96 | 14 | 70 | 10 | |
| Total | 704 | 100 | 689 | 100 |
| Asset reconciliation | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| OOOO'S | OOOO'S | OOOO'S | ||
| Opening fair value ofFund assets | 689 | 607 | 458 | |
| Interest on assets | 18 | 12 | 11 | |
| Returns on assets less interest | (16) | 49 | 122 | |
| Other actuarial gains /(losses) |
(4) | |||
| Administration expenses |
||||
| Contribution by employer |
19 | 23 | 21 | |
| Contributions by scheme participants |
6 | 6 | 5 | |
| Estimated benefits paid | (8) | (8) | (10) | |
| Closing fair value offund assets | 704 | 689 | 607 | |
| Defined benefit obligation reconciliation |
||||
| Opening defined benefit obligation |
597 | 578 | 465 | |
| Current service cost | 30 | 29 | 20 | |
| Interest cost | 15 | 11 | 11 | |
| Change in financial assumptions |
(188) | (20) | 97 | |
| Change in demographic assumptions |
(17) | (5) | ||
| Experience gains/(loss) on def. benefit obligations |
31 | 1 | (5) | |
| Estimated benefits paid | (8) | (8) | (10) | |
| Past service costs, including curtailments |
||||
| Contributions by Scheme participants |
6 | 5 | ||
| Closing defined benefit obligations | 466 | 597 | 578 | |
| Remeasurements in other income |
||||
| Return on Fund assets in excess ofinterest | (16) | 49 | 122 | |
| Other actuarial gains/(losses) on assets |
(4) | |||
| Change in financial assumptions |
188 | 20 | (97) | |
| Change in demographic assumptions |
17 | 5 | ||
| Experience gains/(loss) on def. benefit obligations |
(31) | 5 | ||
| Remeasurement ofnet assets/(defined |
liability) | 154 | 68 | 35 |
| Value ofscheme assets and liabilities | ||||
|---|---|---|---|---|
| 2023 | 2022 | 2021 | 2020 | |
| $000's | 6000's | f000's | 6000's | |
| Value ofscheme assets and liabilities | ||||
| Fair value ofFund assets | 704 | 689 | 607 | 458 |
| Present value ofdefined benefit obligation | (466 | 597 | (578 | (465) |
| Net pension scheme asset ( liability) | 238 | 92 | 29 | |
| Amounts recognised in SOFA for the year to31March |
||||
| 2023 | ||||
| Service cost | 30 | 29 | 20 | 27 |
| Net interest on deferred liability | 3) | 1 | 0 | 1 |
| 27 | 28 | 20 | 28 | |
| Less Employer contribution | (19) | (23) | (21) | (19) |