citizens advice Wealden Financial statements for the year ended 31 March 2024 Registered Charity Number 1090666 Company Number 04287877
Wealden Citizens Advice Wealden Citizens Advice Financial statements for the year ended 31 March 2024 CONTENTS Report of the Directors and Trustees 3-10 Independent Examiners Report 11 statement of Financial Activities 12 Balance Sheet 13-14 Notes to the Financial Statements 15-22
Wealden Citizens Advice Report of the Directors and Trustees The Trustees of the Charity (who are also the Directors of the Company for the purpose of Company Law) have pleasure in presenting their annual report and the financial statements for the year ended 31 March 2024. The financial statements comply with the Charities Act 2011 , the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities. 1. REFERENCE AND ADMINISTRATIVE DETAILS Charity Name.. Wealden Citizens Advice Charity Registration.. 1090666 Company Registration: 04287877 Registered Office: Uckfield Library Library Way High Street Uckfield TN22 1AR Chief Executive: Jennifer Jadia Bank: CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Independent Examiner.. Andy Fowler Solicitors: Dawson Hart The Old Grammar School Church Street Uckfield East Sussex TN22 1BH
Wealden Cilizens Advice Report of the Directors and Trustees continued The following people were directorsltrustees of the Charity during this financial year were: DIRECTORSI TRUSTEES ROLE CHANGE 2023-24 Mr Tom Bell Mr Nick Foskett Chair Mr John Pery Treasurer Mr Michael Salter Ms Kristina Watson Vice Chair Mr David Whensley Mr Peter Baker Resigned on 14 Nov. 2023 Ms Linda Bonner Mr Andrew Corroll Resigned on 18 Jul. 2023 Ms Corinne Askaroff Appointed on 14 Nov. 2023 Mr Steven Harrison Appointed on 23 Jan. 2024 Mr David Rule Appointed on 12 Dec. 2023 2. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing Document Wealden Citizens Advice is a registered charity and company limited by guarantee. The Company was incorporated, under the name of Uckfield Citizens Advice Bureau, as a company limited by guarantee on 14 September 2001. In April 2005, the Company changed its name to Wealden Citizens Advice. At the same time, Crowborough and Hailsham Citizens Advice Bureaux transferred their assets and liabilities to the Company and ceased to exist as independent legal identities. Prior to 31 March 2005, these operated as independent bureaux. Wealden Citizens Advice is governed by its Memorandum and Articles of Association as amended in January 2011 and January 2018. The maximum liability of each member is limited to £1 . A register of members, interests is maintained at the registered office and is available to the public for inspection. Report of the Directors and Trustees continued
Wea5den Citizens AdviGe Recruitment, Appointment and Induction of Trustees Trustees, who are also Directors of the Company, are elected from the local community. They are appointed by the Board and approved at the AGM or EGM as appropriate. A separate process agreed by the Trustee Board is followed for the election of the Chair and Vice Chair. No other persons or bodies external to the Charity were entitled to appoint persons to the Trustee Board. Newly appointed Trustees are provided with a comprehensive induction to Wealden Citizens Advice through the provision of training courses and mentoring by established trustees. Organisational Structure Wealden Citizens Advice is governed by its Trustee Board, which is responsible for setting the strategic direction and the policies of the Charity. The Trustees carry the ultimate responsibility for the conduct of the Charity and for ensuring that it satisfies its legal and contractual obligations. Trustees meet as a minimum quarterly and have delegated the day-to-day operation of its offices to the Chief Executive, who is supported by a manager at each site. The Trustee Board is independent from management. Related Parties The Charity is a member of Citizens Advice, the operating name for the National Association of Citizens Advice Bureaux, which provides a framework for standards of advice and casework management, as well as monitoring progress against those standards. Operating policies are independently determined by the Trustee Board of the Charity in order to fulfil its charitable objectives and comply with the national membership requirements. The Charity also co-operates and liaises with a number of other advisory services, local charities and local govemment departments on behalf of clients. Where any of the trustees holds the position of a trusteeldirector of another chanty, they may be involved in discussions regarding that charity but not in the ultimate decision-making process. Major risks The Trustees recognise that any major risks to which the Charity is exposed need to be reviewed and systems established to eliminate, or at least mitigate, the effects of those risks. A risk management strategy and risk register have been agreed by the Trustee Board the Board's appetite for risk is low. The strategy and register are reviewed continuously, ensuring that action plans are in place to manage the Charity's key risks. The Charity recognises its responsibility for the personal data of clients. The Charity has adopted the recommended Citizens Advice Information Assurance Policy. The Trustee Board agree an annual information assurance plan, with clear allocation of responsibilities for infomiation assurance along with GDPR compliant policies and procedures. Any infomiation assurance incidents and required actions or lessons learned are reported to the Board at their regular meetings. The major extemal risk to the Charity is the loss of funding provided by any of its major funders. The effects of this have been mitigated by the implementation of a fundraising strategy, including actions to investigate and identify additional sources, and to make timely submissions for funds. The Charity also seeks to establish and maintain adequate reserves to address unforeseen circumstances and to mitigate any budget deficits.
Wealden Citizens Advice Report of the Directors and Trustees continued Intemal risks are minimised by the implementation of procedures for authorisation of all transactions and projects, and by ensuring consistent quality of delivery of service for all aspects of the Charity. The procedures are pen'odically reviewed to ensure that they continue to meet the needs of the Charity. At present, the main internal risk to the Charity is its ability to continue to recruit sufficient numbers of volunteers for the offices. In common with many other charities in the sector (and in other sectors) it has become more challenging to secure enough volunteers to service the increasing demand across Ihe range of services provided by Wealden Citizens Advice. The management team and Board of Trustees are developing a strategy to maintain and enhance the number of volunteers at the offices. 3. OBJECTIVES AND ACTIVITIES Objects The Charity's objectives are to promote any charitable purpose for the benefit of the community in Wealden, by the advancement of education, the protection and preservation of health and the relief of poverty, sickness and distress. Objectives, Strategies and Activities for the Year Wealden Citizens Advice aims to: provide free, confidential, impartial and independent advice and information for the benefit of the local community; exercise a responsible influence on the development of social policies and services,, and ensure individuals do not suffer through a lack of knowledge or an inability to express their needs effectively. In addition to the continuing provision of high quality advisory services to the local community, the primary objectives for the year were to.. Maximise access to advice and information. Maintain a specialist debt advisory service staffed by appropriately qualified personnel; trial new processes to enhance the efficiency and effectiveness of clients, accessing our services and responding to their enquiries (including Adviceline calls)., and to provide disbursements from the UK government's Household Support Fund and a parish council's hardship fvnd, to pay for goods and services for residents facing particular hardship, To obtain the necessary funding to provide the additional services, applications were made to various local and national providers of community finance. Advertisements were placed in the local press for volunteers, induction and training being provided to the extent that necessary knowledge and skills were not pre-existing. In September 2023 the Crowborough team relocated to a new serviced office, maintaining client accessibility via the new location in the centre of town and providing a higher environmental standard for staff and for face-to-face meetings with clients. Public Benefit Required The Trustees have paid due regard to the Charity Cornmission's guidance on public benefit in deciding the activities undertaken by the local Citizens Advice during the year. The Trustees are satisfied that the information provided in the report and accounts meets the public benefit reporting requirements. The principal activity of Wealden Citizens Advice remained the provision of free, confidential, independent and Impartial advice and information for members of the public. This is provided through local Citizens Advice offices in Crowborough, Hailsham and Uckfield. In addition to generalist advice the following specialist advisory services were provided: expert money advice casework and fuel poverty advice. Advisory services were provided through a telephone adviceline and by email, webchat and letter.
Wealden Citizens Advlce Report of the Directors and Trustees continued Contribution of Volunteers The Charity receives help and support In the form of voluntary assistance in advising the public and administering the Charity. An average of 70 volunteers contributed over 22,000 hours of time to the Charity during 2023124. We achieved a total of £1,739,079 in income gain for our clients and we supported them with having £723,077 of debts written off. We also aGhieved a total of £107,588 in reimbursements for our clients. 4. ACHIEVEMENTS AND PERFORMANCE Charftable Activities We offer confidential advice over the phone, via email and in person, for free. When we say we're here for everyone, we mean it. People rely on us because we're independent and totally impartial, No one else sees so many Wealden residents with so many different kinds of problems, and that gives us a unique insight into the challenges we are facing today. With this evidence, we can then influence and campaign - from individual companies right up to the government - and work with them to make thlngs better for Wealden. That's why we're here: to give people the knowledge and the Confiden they need to find their way forward - whoever they are, and whatever their problem, Wealden Citizens Advice (WCA) staff and volunteers continued to deliver face-to-face, telephone and email advice and casework. Throughout the yearwe supported 3,344 clients with 17,649 issues. Over 3,500 calls were answered immediately by staff and volunteers and 655 clients were provided with tailored debt advice on 2,784 issues. Benefits, tax credits and universal credit issues continue to be one of the main challenges that face our clients with 1,793 clients with 5,642 issues approaching us for advi on these subject areas. Particular subject areas of advice include support for Personal Independence Payments, general benefit entitlement, initial claims, Attendance Allowance, Disability Living Allowance, Employment Support Allowance, Pension Credit and Housing benefits. As expected, as a result of the effect of recent European conflicts and the consequenl cost-of-living challenges, issues with debt continued to be a major challenge that our clients are dealing with, and we supported over 3,344 Wealden residents to Improve their financlal resilience. Research and Campaigns {R&C) - We have been actively involved in addressing issues that our community are facing and have made representations to the appropriate organisations. Campaigns include - digital exclusion., Post Office account closures. access to GP surgeries and cost of Ilving, Volunteers, Trustees and Staff - WCA currently have on average 70 dedicated and highly professional volunteers who are the backbone of our service. They are supported by a small but highly experienced team of hard working staff. The Servi was led by Chief Executive Mrs Jennifer Jadia. The Chair of the Board was Mr Nick Foskett and the Vice-chair was Ms Kristina Watson. Report of the Directors and Trustees continued
Wealden Citizens Advlce Fundraising Activities Total income for 2023124 was £401,850, an increase of £99,126 on 2022123. The main reason was the award of a Cost of Living fund of £43,400 from Wealden District Council. A larger sum was also received from the Household Support Fund for disbursement to clients: This had stood at nearly £31,178 in 2022-23 and was £40,675 in 2023-24. The sum received from East Sussex County Council for money advice was maintained at £37,000. A CitA Adviceline fund of £15,000 was received, as was a grant of £5,000 from the Chalk Cliff Trust, £7,243 from Hailsham Foodbank, and a fund of £4,858 from Wilington & Jevington Parish Council for disbursement to its parishoners. The charity continues to have a proactive fundraising strategy in place. No separate expenditure was incurred in fundraising activities outside of stafflvolunteer time incidental to main duties. Investment Activities The Charity does not currently hold material investments. Factors Affecting the Achievement of Objectives In addition to the funding pressures outlined above, the Charity continues to find it difficult to secure sufficient volunteers able to offer the time commitment required. 5. FINANCIAL REVIEW Financial Position Incoming resources in the year were £401 ,850 (2022-23., £302.724). Of this £148,176 {2022-23' £73,678) related to project restricted activities. A deficit of £2,754 was made in the year (2022-23. surplus £8,224). At 31 March 2024 total reseNes were £112.624 which represenled unrestricted funds (2023: £115,37.8). Reserves Policy The Charity is required to ensure that free monies a available in each financial year to meet any reasonable foreseeable contingency. The Charity will maintain a projection of income, and will ensure that this continues to be derived from as wide a variety of resources as possible. In reviewing the potential costs that could arise should a significant reduction in income be incurred, the Trustees aim to maintain reserves equivalent to three months normal operating expenditure. The reserves included Unrestricted Funds of £112,624 of which £20,000 (2022-23, £20,000) are Designated Funds for potential dilapidations claims, and £50,000 (2022-23, £50,000) for costs arising in the event of funding being withdrawn at any time in the future. The reasons for holding particular reserves are outlined in note 14.
Wealden Cltizens Advice Principal Funding Sources The Trustees express their gralitude to.. Wealden District Council; the Town and Parish Councils in Wealden,, East Sussex County Council" the Sussex Community Foundation. Citizens Advice,, Hailsham Foodbank. the Chalk Cliff Trust. the Friends of Crowborough CAB and local partners, businesses and individual donors, without whom the Charity could not have operated. The Charity did not have any borrowings from any source at the balance sheet date. Investment Policy As required in ils Memorandum, in furtherance of its objects, and for no other purposes, the Company has the power to invest the monies of the Company not immediately required for its purposes in or upon such investments, secLJrities or property 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. Going Concern After making further appropnate enquiries, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. 6. FUTURE PLANS Wealden Citizens Advice aims to continually improve access to its services. Its strategic plan to 2025 focuses on: maintaining access to its services (including its expert money advice caseworker services), supporting claimants transitioning to Universal Credit and extending advice out into the local community. 7. DIRECTORS, RESPONSIBILITES The directors are responsible for preparing the Report of the Directors and Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period, In preparing those financial statements, the directors are required to., select suitable accounting policies and then apply them conslstently., observe the methods and principles in the Charity SORP. make judgements and estimates that are reasonable and prudent. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. Report of the Directors and Trustees continued
Wealden Citizens Advice The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In accordance with company law, as the company's directors, we certify that: so far as we are aware, there is no relevant independent examination Information of which the company's examiners are unaware; and as the directors of the company we have taken all the steps that we ought to have taken in order to make ourselves aware of any relevant independent examination information and to establish that the Charity's independent examiners are aware of that information. This report has been prepared in accordance with the Statement of Recommended Practice - Accounting and Reporting by Charities and in accordance with the provisions applicable to companies subject to the small companies regime. Signed.. Chair of Trustees.. Nick Foskett Date.. 10
Independent examiner's report to the trustees of Wealden Citizens Advlce report to the charity trustees on my examination of the accounts of Wealden Citizens Advice for th8 year end8d 31 March 2024. Responsibilities and basis of report As th8 Charity's trustees, and also the directors of the Company for the purposes of company law, you are responsible for the preparation of the accounts in accordance with tha requirements of the Companies Act 2006 ('the 2006 Acti. Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for indep8ndent examination, I report In respeGt of my examination of your Charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 AGt'). In carying out rny examination .1 have followed th8 Directions giv8n by the Charity Commission under section 145{5) (b) of the 2011 Act. Independent examiner's statement Sinc6 the Company's gross income exceeded £250,000, your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination becaus61 am a m8mber of CIMA, which is one of the listad bodi8S. I have completed my examination. I confirm that no matters have come to rny attgntion in connedion with the examination glvlng me cause to beliave.. accounting records w8re not kept in respect of the Company as required by section 386 of the 2006 Act. or 2, the accounts do not accord with thes8 records,. or 3, the accounts do not comply with the accounting r8quirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view, which is not a rnatter considered as part of an independent examination; or 4. the accounts have not been prepared in aGcordance with the methods and principles of the Statement of Recommended PractlC8 for accounting and reporting by charities [applicable to charities preparing their accounts in aGcordance with the Financial Reporting Standard applicable in the UK and R8public of Ireland (FRS102)]. I have no concerns and have com8 across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of th8 accounts to be reach8d. Andy Fowler Associate Chartered Management Accountant 33, Station Road Newhaven East Sussex BN9 ONL Date.. 31 December 2024
Wealden Citizens Advice statement of flnanclal actlvitles for the year ending 31 March 2024 Incorporatlng the Income and Expendlture Account Unrestrlcted funds Restrlcted funds Total funds 2023 Note Total funds 2024 Income from.. Donations and legacies Charit8ble 8Ctivltl8s Other (Including fundraislhg) Total Income 1b 4,327 245,059 4,289 253,675 4,327 393,234 4,289 401,850 1,538 299,173 2,014 302,725 148,175 148,175 Expendlture on: Charitable activities Other Total Expenditure 255,928 148,676 404,604 294,500 255,928 148,676 404,604 294,500 Net Incomol(expenditure) befor8 transfers (2,254> (500) (2,7541 8,224 Transfers betW88n f unds Transfers belwe8n funds Net mov8ment in funds for the year {2,254) (500) (2,754) 8,224 Reconciliation of funds., Balances brought fomard 12 115378 115,378 107,154 Balances carried forward 12 113,124 500 112624 115,378 There are no recognised gains or losses in the year other than those included in the statement of financial activities. All activities derive from continuing operations. 12
Wealden Citizens Advice Balance Sheet as at 31 March 2024 Unrestrlcted Restrlcted Funds Funds Total Note 2024 2023 Fixed Assets Tangible Fixed Assts Non-currenl assets 4,550 Current Assels Debtors Short term deposlts Cash at bank and in hand 3,716 3,716 1,686 145,255 148,971 145,255 148,971 227,871 229,557 Credllors - amounts falling éue wilhin one year 10 40,897 40,897 114,179 Net Current Ass8ts 108,074 108,074 115,378 Credllors - amounts falling due after one year Net assets 10 112.624 112,624 115,378 Represented by: Funds of the Charity Unrestricted funds General funds Designat8d 12 42,624 42,624 44,878 funds 12 70.000 70,000 70,000 Restricted Funds 12 112,624 112624 115,378 The charitable company is entitled to exemption from audit under SeGtion 477 of the Companies Act 2006 relating to subsidiary charitable companies for the year ended 31 MarGh 2018. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006, The directors acknowledge their responsibilities for: (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 of the Companies Act 2006; and (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. 13
Wealden Citizens Advice These financial statements have been prepared In accordance with the pmvisions applicable to companies subject to the small companies regime. Th8 financial statements were approved by the Board orf nd are signed on their behalf by Chair Treasurer Company Registration No.. 04287877 Charity Regislration No: 1090666 14
Wealden Citizens Advice Notes to the financial statements for the year ended 31 March 2024 Accounting policies Accountlng basis The financial statements of the charitable company have been prepared In accordance with the Charities SORP (FRSSE) 'Accounting and Reporting by Charities,. Statement of Recommended Practlce, applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities (the FRSSE) (effective 1 January 2015),, the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. b) Incoming resources Grants receivable Grants made to finance the activities of the local Citizens Advice are credited to the income and expenditure account in the period to which they relate. Bank Interest Bank interest is included in the income and expenditure account on receipt. Other income Sales of services are included in the income and expenditure account in the period to which they relate. Other income, Including donations, gifts and covenants are included as they were received. iv) Gifts and Intsngible income In addltion to the above, the Charity also receives help and support in the form of voluntary assistance in advising the public. This help and support is not included in the financial statements. However, its value to the Charity has been estimated and disclosed in the Report of the Directors and Trustees. Deferred income Grants received in advance of the period in which the funder reqUIS the expenditure to be applied will be reflected in deferred income on the balance sheet. Resources expended All expenditure is accounted for on an accruals basis. All expenditure directly related to the provision of advice services is included within charitable expenditure. Other costs incurred have been allocated beeen fundraising and publicity and management and administration as appropriate. Where such costs relate to more than one functional cost category they have been allocated on an estimate of time or floor space basis, as appropriate. 15
Wealden Citizens Advice Notes to the financlal statements for the year ended 31 March 2024 Accounting pollcies {continued) d) Fixed assets and depreclation Fixed assets (excluding investments) are stated at cost less accumulated depreciation. The costs of minor additions or those costing below £1000 are not capitalised. Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life, as follows.. Computer equipment Fixtures, fittings and equipment Straight line over 4 years straight line over 5 years No depreciation is charged in the year of aquisition, but a full year's depreciation is charged in the year of disposal. Restricted funds Income received for restricted purposes is included in a separate restricted fund against which appropriate expenditure is allocated. Designated funds Designated funds are allocated out of unrestricted funds by the trustees for specific purposes. The use of such funds is at the Trustees, discretion. g) Leases Rental costs under an operating lease are charged to the Statement of Financial Activities in equal amounts over the period of the lease. h) Warrantles Extended product warranties are charged to the statement of financial activities in equal amounts over the period of the warranty. Warranties costing less than £500 are charged to the statement of financial activities in the year of purchase. i) Irrecoverable VAT Wealden Citizens Advice is not able to recover VAT. 16
Wealden Citizens Advice Notes to the financlal statements for the year ended 31 March 2024 2 Donations and legacies Unrestrlcted Restrlcted 2024 Total 2023 Total Voluntary Income Donatlons 4,327 4,327 4,327 4,327 1,538 3 Income from Charitable Activities Unrestrlcted Restricted 2024 Total 2023 Total Fees Government and public authorlty grants Other Grants 233,550 11,509 88,800 59,375 322,350 70,884 393,234 294,004 245,059 148,175 294,004 4 Other Income Unrestricted Restricted 2024 Total 2023 Total Actlvlti•s for generating funds Fundraising events 808 808 Investment incom8 Bank Interest received Other income 4,289 4,289 1,206 Total Other Income 4,289 4,289 2,014 17
Wealden Citizens Advice Notes to the financial statements for the year ended 31 March 2024 Analysis of expenditure on charitable activities U nrestricted Restricted 2024 Total 2023 Total Charitable Activities Staff costs 193,978 83,973 2,470 277,951 5,401 283 352 207,925 other direct costs 196,909 212,836 Support costs Office, IT, Communications Premises 14,551 37,866 587 11,700 12,900 37,633 26,251 50,766 38,220 16,536 33,573 26,819 Other Governance 6,015 6,015 121,252 4,73e 62,233 Total Resources Expended 255,928 148 676 404,604 294,500 Net incomel (expenditure) for the year 2024 2023 Net income l (expendilurel is stated after charging- Independent examiners, remuneration 550 550 Information regarding Trustees, Directors and Employees 2024 2023 Salaries and Employer Pension contributlons Inc redundancy Social security cost5 Includlng rebate 2024 £5,000 264,268 13,683 277 951 199,703 207,925 The average number of employees, analysed by function was. 2024 14 2023 13 Gharitable purposes Management and administration of charity 17 16 18
Wealden Cilizens Advice Notes to the financlal statements for the year ended 31 March 2024 No Trustee was rernunerated for any seNices. Travel costs amounting to £Nil were reimbursed to members of the Trustee Board. Trustee indemnity insurance was purchased as part of Wealden Citizens Advi'S general office liability policy. The total cost for the full policy including Trustee indemnity insurance was £2,407. 8 Fixed assets Leas•hold land and buildings Flxtures, f5ttings and equipment Computer Equlpment Tolal Cost At 1 April 2023 Additions Disposals Al 31 March 2024 Depreclalion At 1 April 2023 Charge for the year Disposals At 31 March 2024 Net book value 2024 Non-current Ass'ts (Rent deposits) Nel book value 2024 4,550 4,550 4,550 4,550 9 Debtors 2024 2023 Prepayments Accrued Income 3,036 680 3,716 1,686 1,686 10 Credltors - arnounts falling due within one year 2024 2023 Accruals PAYE Deferred income (e.g. grants in advan¢8) 2,250 5,375 33,272 40,897 8,550 4,217 101412 114 179 19
Wealden Citizens Advice Notes to the financial statements for the year end March 2024 Credltors - amounts falllng due after one year 2024 2023 Long term Ilabililies 11 Analysis of net assets between funds General Deslgnated Funds Rgstncted Total Funds Funds Funds Fixed Assets (rent security deposits) Current Assets Currenl + Long Term Liabilities 4,550 78,971 4,550 148,971 70,000 40,897 42,624 40,897 Net Assets 70,000 112624 12 Movement in funds At31 March 2024 April 2023 Income Expendlture Transfers Restricted Funds Small Projects DRO Fund Hailsham Foodbank ESCC Household Support Fun ESCC Money Advice Willingdon PC Hardship Fund 500 500 7,243 7,243 40,675 40,675 37,000 4,858 37,000 4,858 CitA Adviceline fund WDC Cost of Living Fund Total Restricted Funds 15,000 43,400 148,176 15,000 500 148676 Unrestricted Funds Designated redundancy fund Deslgnated property fund Ganeral funds 50,000 50,000 20,000 45,378 20,000 42,624 401,850 404,604 Total Unrestricted funds 115,378 401,850 404,604 112,624 Total funds 115378 401,850 404,604 112,624 20
W8alden Citizens Advice Notes to the flnanclal statements for the year ended 31 March 2024 13. Purposes of funds Restricted Funds Small Projects DRO Fund To pay for DRO applications ESCC Household Support To provide emergency funding for utility and similar Fund debts ESCC Money Advice To provide generalist money advice Hailsham Foodbank To provide staff support to Hailsham Foodbank CitA Adviceline fund To provide staff support for for answering clients, Adviceline calls Willingdon & Jevington PC Hardship fund To provide hardship relief to W&J parishioners 14. Designated funds Redundancy reserve - the reserve has been designated by the Trustees for the purpose of covering potential redundancy costs totalling £50,000. Premises fund - the fund has been designated by the Trustees for the purpose of refurbishment at the end of the leases totalling £20,000. 15. Financial commitments Capital The Company has no capital expenditure commitments, Property Leases The Company entered into a lease for the Uckfield premises, which expires In March 2030. The annual rent is £16,072.00, which will be subject to review in 2024 and increase in line with RPI. There is an 3 year break clause which can be operated by either party. The property must be retumed in the same condition as at the start of the lease. At the Crowborough bureau, a new lease was signed in September 2022 at a rent of £10,200 and with a six-month break clause. In Spring 2023 the trustees agreed to terminate the lease and to move operations to recently constructed serviced offices, still in the centre of town. The move was compleled in September 2023 and an early repayment charge was made to the landlords of the vacated office. The new facility provides an enhanced working environment for staff and a more pleasant experience for visitors. 21
Wealden Cilizens Advice Notes to the financial statements for the year ended 31 March 2024 At Hailsham, a peppercom lease has been agreed, which was up for review in March 2023 (in April 2023, the annual rent reverted to its earlier value of £7,500 but the annual Town Council grant was increased proportionately to maintain a net annual award of £5, 800). Operating lease commitments The company has no annual commitments under non-cancellable operating leases. 16. Related party transactions During the year, Citizens Advice, of which the Charity is a member, provided insurance and infomiation services at a total cost £4,855. Individual costs were as follows: Membership fee £3,686; Insurance £1,062,. AdviserNet fee £107. 17. Taxation The Charity is exempt from tax on income and gains falling within section 505 of the Taxes AGt 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. 18. Pension costs The Charity operates a pension plan for its employees with the National Employment Savings Trust (NEST). The Charity's responsibilities under auto-enrolment commenced in August 2016. 22