Docusign En¥ÈlopÈ ID." 8459FEF&D34tk48EF-8583-9DE6C15DOA9A Company registratlon number.. 04354628 Charily number: 1090669 TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 RUSHMOOR CITIZENS ADVICE BUREAUX (A company limited by guarantee) MENZIES BRIGH I EF< I HINkAINii
Docusign En¥ÈlopÈ ID." 8459FEF&D34tk48EF-8583-9DE6C15DOA9A RUSHMOOR CITIZENS ADVICE BUREAUX (A company limited by guarantee) CONTENTS Page R•f•r•n¢• and admlnlJtratfv• detallg of thu Ch•thy, Its Truste•s and advl•r• Truste69' r•port 2-11 Independ•nt audftor•' r•port on th• Ilnanclil gt8tem•nt8 12-15 Slat•ment of fln•ncSal actlvltl• 16 Bal•ncg ¥h•ot 17 St)¢•m•nt of •h Ilow8 18 Not•* to th• fln•nclal •tat•mont• 19-33
Docusign En¥ÈlopÈ ID." 8459FEF&D34tk48EF-8583-9DE6C15DOA9A RUSHMOOR CITIZENS ADVICE BUREAUX (A company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023 Trust• Andrew Levey, Chalr Urna Indran (appointed 20 February 20231 Sam8niha Levey lappolnted 13 October 20221 Tric18 Phllllps (appointed 13 Oclob8r 20221 Annette Althen {8ppoinled 13 October 20221 Gaynor Austin Gary Ghale Josaph Bennett Jason Halllday Gery Baker Chelsa8 Knlght (resigned 9 M8rch 20231 Calum Stewart Irasigned 16 February 20231 Kay Goodchlld Ir¥slgned 16 May 20231 Malcolm Cummlns Ir¢$lgned 20 Jung 20221 Company r•glitgred number 04354828 Ch•rlty rogl•tsr•d numb•r 1090669 R•gl•t•red offl Clvic Offices Farnborough RoBd Farnborough ampshire GU14 7JU Chl•f execut1¥• offl¢•r A F Hughe8 Ind•p6nd•nt •uditor• M•nzS8s LLP Chartered Accountants C&ntrum House 36 Siation Road Egh8m Surr8y TW20 9LF Bjnkgrn R¢)yal Bank of Scotland Farnborough Hampshire GU14 7NR Scott15h Wldows Edinburgh EH3 8YJ Website cilizens8dviceNshmoor.org.uk Page 1
Docusign En¥ÈlopÈ ID." 8459FEF&D34tk48EF-8583-9DE6C15DOA9A RUSHMOOR CITIZENS ADVICE BUREAUX (A company limited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2023 STRUCTURE, GOVERNANCE & MANAGEMENT Governing Oocument The Charity was lomied a5 8 company limited by guaiantaé on 17th January 2002 Icompany number 043546281. The lull name of the charity Is Rushmoor Citizens Advice Bureaux and wa5 re-regislered with th8 Charity Commission in 2002, whan incorporating as a company (Charity number 10906691. 11 Is govemed by its Memorandurn and Articles of Associatlon. Trust••8 The charfty Is governed by a trustee board. Tru$t8è9 who hav8 held orric8 durlng the year are listed abtsve. Th8 Artlcles ol Associatlon provid& for a minimurn of four and a rnaxlrnurn of twenly-thr&a trustee8. Board meetlngs are held eight tirnes a year with addition81 quarterly meetings for thè cornmittoes listed b&low. Truslees are elected to the board for a three-year pedod and aro appolnted at an AnnuBI Ganaral Mèèiing. None of the trustéès hBs any benefic181 Intaresl sn the company. All Irusleeg are members of the company and guarantee to contribut& £1 in th• event of a wlndSng up. Slnce Ihe and ol the last financlal year four new tru3tee8 have been Appointèd and four trustees have signed, One ol those resigning w85 appointed lo the paid stsff a$ Deputy Chief Officer. th8 rsquired approval for this 8ppoinlrllgnl havlng b8en glv¢n by the Charity Commlsslon. The tru$l¢e b08rd h8s therefore seén qulte 8 degree of chum and $ome Iru$lee8 are still r8latlv8ly in•xpeTlenced, In common wlth other Citizens Advice teams, and Iho charfty sector In general, dèm8nd8 on trustee tim8 have been Increa8lng and the capaclly of tru3tees to lulfil their responsibilitie5 is becoming a concÈming feature, NOlth$tandIng thls, feedback from a suNey of bo8rcJ effectiveness basad on th8 Charity Governan¢o Code, the results of our assessmoni 8gainsl national Citlzens Advlc8 leadership standards. gnd feedback Irom thp Chief Officer, staff, volunteers, and other stakeholders confirms that the board has had an eff¥¢live year. Trustees contlnuè to have 'l8ad role, rasponslbillty for key areas of the $ervic8'8 activities, provldlng dlrèetion end overyight and working effectlvely with staff members. Oecislon$ made by the trust88 boafd 8re ¢Ided in the rnlnuleg of board rneetings, Indl¢8ting dl¥cus8lons held and whether those decislons were unonimous, or subject lo a vote. Decislons are Fnade against the background of the agreed strategy oullined in the Business Plan, which Is reviewed by the board on a quarterfy basis. The board hag updated its skills audlt to 5UPPOrt its continued fccus on further developing trust8e knowledge and skills. New trustees receive full inducts'on and undertake rnandatory Ir8ining. comprising Financial Conduct Authorily IFCAI, Data Prolectlon, EqLJrty. Diversily & Inelijsion IEOII, and Safeguarding) 85 well as discrBts'on8ry learning. Tru51ees are ancoura9ed to attend exlemal trainlng events %yhere these wlll 8nh8ne8 effgctiveness in Iheir rola. They are lully briefed on thelr legal oblig8lions under Charity 8nd company law, the content ol the Memorandum and Articles of Association, the board and committee decision-mhking proc8SS85, the business plan and recent financial performance of the charity. Thé board ha5 appropriate polSci8s and Procedures In place to compty wth its rnandalory and organisational EOI cornrnitrnents. Particular attention has been given to appolnting new truslees that r8fl8Ct th8 loc81 cornmunity. New trustee rècruiiment has been done wrth dlver5ity, as well as experienc8 and skills, in mind. Organl¥atlon Structure & Management Cltizens Advice Rushmoor (the op8raling name of Rushmoor Cit128ns Advi Bureaux) is a mamber ol Cit12ens Advice Ithe operaiing namè ol the National Association of Citizens Advice Bureaux), which provides a fraTnework for Standards of advice and casework management a5 well as monitoring progress against standards. Operating policiès are independently deterniined by thè board in order to lulfil its charitable objects and compty with Ihe national membership réquirements. Page 2
Docusign En¥ÈlopÈ ID." 8459FEF&D34tk48EF-8583-9DE6C15DOA9A RUSHMOOR CITIZENS ADVICE BUREAUX (A company limited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 The Chief Officer of the organisatton, who is highly capable and experienopd, and provides strong leadership to the team, has beèn appointed by the trustee5 to rnanage the day-tO&day operations of th8 charrty. During the year the board approved the recruitrnent of a Deputy Chief Officer to provide addrtional focus cin fundral8ing and business dev8lopmnt. In addition. there Is an experienced tealn of paid staff and volunt•ars who work to d8llv8r the services ottered by the charity. Key role succession planning remains an area of focus, linked to development 8nd deoyMent of the organls8Uon's service model and longer-term sustainability. The senior management team rneel lo review perfonnance ag81nsl targets and the charftls financial position, and to progrgss matters referred t¢ them by the trust8e board. Reports and r8ctsmmendations are thon taken lo the lull board for approval, and implementats'on is organised by the Chief Officer and staff team. There are regul8r staff. volunteer and management team meetings which focus on pèrformance. communication, and leombuilding. The cap8Clty and skills Df the manag&m8nt ieam are kept under regul8r réview by the board. There 1$ an Annual General Meellng, whS¢h Involves Ihe staff learn, trust8• board, members, and other s1okeholder8. In the face of Inc¥easlng cllenl demand from the c081.of.living crfsis, th• trustaas have paid ¢los8 attention to whether the service has an appropria¢È organlsational structure io deliver client Support in the rnosl cosi-8ff8ctive way. While no structure chBnges wer¢ approprfata during the flnanclal year covered by thls report, a lull revlw of the seryice's operating model and organSsalional $trudurè Is taklng place in 2023- $ts8 Fulum Plons below. The expert and quallly ece dellveigd by the ieam of fully Iralnod p81d and volunteer s18ff is vll81, not least lo rneet the many demands now belng g8n8rated by the cost.of-living cri818, 85 wtrll as changlng woNare b8n8llts laws. 18ngthy appoal processes, increaslng mental hèalth support needs and the ri81ng and more complex n••ds ol rnarginalised cli8nts. Meeting ever-Increa6ing demand remains a paCUlar challenge that trustees continue to work wlth management to rosolve. Trustees have a strategic aim io'makè Cltizens Advice Ru8hTnoor 8 gro81, sale and Inclusive placè to work and voluntèèr.. They recognise the importan¢0 of glvln9 th¥ rlghl support lo staff who ore consislenlly dealing with crisls 511u81ions for People, and work to ensure flgxibility and progression lor volunt88rs. The servicg 18 proud of the Strong mlx of aga. background. and ethnlclty In the tg9rn, wlth an incluslve approach to gnsure eqully and ¢Jivof8lty 8¢ross both paid 8taff and volunteers. Pay and Remun•ratSon of K•y Manag•m•nl Per•onn•l The board considers that the trustegs (all voluntaersl ond the senior management team comprise tha key managerngnt personnel ol the charily. The charity's 5gnic>r management team are Bll paid in Accordance wlth a publlshed r8muneration policy 8nd scale ol grades reflecting levels of responsibility. Any increasès to those grade5 ar8 approved by the board. The Chi8f Officer's sBlary is rgvi8wed arKI approved by the board separately but is In line with the policy Set out above. 04)v•manc• The truslees have followed the Citizens Advlc8 Code ol Conduct and 8r8 fully oware of their leg81, regulatory, and govamance responsibilities. Reporting requiremants to tho Charity Cornrnission, FCA, and Compani8J House have been met and trustees have underteken mandatory tralning as outlined above. The board p8yS P8rticular aitantion to the key trustee re5POll5ibilities Outlined by Ihe Chonty CommissKn,' Ensure your charity is carying out its purp058s for the public benefit. Comply with your charity's governing document and the law. Act in your charity's best interests Ensure your charity is accountable. Manage your charity, r850urces responsibly. Act th re8sonable care and sklll Reviews of board effectiveness are undertaken, based on the Charity Govemance Cth1e, to identify areas of strength and those where furthèr d8v8lopment is needed. The board adopts a continuous improvgment approach to its own perfomiance and will continue to idents'fy priorities for further action during the coming year. Trustees take rvsponsikllty lor quarterfy reviews ol designated areas of the business plan and risk register, identfying emerging risk5 and instigating action to mitigate thosè rlsks, and linking wth key st8ff to review plan delivery and report rogr855 to board meetings, P8ge 3
Docusign En¥ÈlopÈ ID." 8459FEF&D34tk48EF-8583-9DE6C15DOA9A RUSHMOOR CITIZENS ADVICE BUREAUX (A company limited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 In addition to the 'le8d role. structure mentioned above there are three formal Committ8es. which hav8 appropriats terms of reference and report to the lull board. An Executwa Commlttee comprislng the Ch8lr, Vloe-chalr, TTeasurer. Health, Safety and Wellbelng Chair, Chief Officer. and Deputy Chief Officer rneels quarterly, with an annual meeting lo rèvlew staff pay awards. In Ilne with the remuneration policy. An Audit 8nd Risk Cornmittee maintains oversight of governance, complianc8, financlal audil. and rlsk management. A H8allh, Safety and Wellbalng Commlltee overse&s Health and Safety obllgations. together wllh business continuity pl8nnln9, buslness resilience, and $laff and volunteer wellbelng. 08JECTNES AND ACTivrriES Alm¥s and Oblectlvo• The ¢h8rlly'$ purp08es, as sel out in tho ot4ect5 contalned in the Company's Merr¥Nandum of Associallon, are to promot• Any rJ)8rit8ble purpose foi th& ban&fll of the whole community ol Rushmoor and surrounding aro88 by the advanc8m&nt ol educ8Uon, the protection ol health And the relief of poverty, sicknèss and distress. As p8rt of the nBllon81 Citizens Advi¢0 network, Citizens Advice Rushrnoor aim5 to.. Glve poople the knowledge and confidgnce they need to ffind th•lr w8y loald - whoever th¢y 8re and whatever thelr problem. Improve th& poll¢i¥$ and practlces that affe¢i people's liv88. The charlty values dlver8Sly, prornotes equallty and challenge8 d13crlmln8tion: il puls cllents at the h¢art of 811 its activities. En8urlnq our work d•llv•r• our alrns Trustees vI8W aim¥. objeclives and activitles 88ch year. The annual r8th?w examines achlgvgmenl¥ and outcome8, Including the suc¢¢s5 and benefitg of key projects. In carrying out Ihe re8W trustees confirm th8l the airns, objectives and activities gre in line with the charity's ststgd purpose. Plannod oul¢omo$ for 2022-23 were.. Advlce We will improv& peoplè'y Èxperience ol our sorvicè by meeting more demand and rn8king sure th8t paopl8 Can acc8SS us in ways that suit them, without cornpromising our ctsmmilmenl lo the most vuln8r8ble members ol our communlty. Advocacy We will become an even stronger voice on issues that mgtter most by enhancing our re8earch and campaign9 8clivity, engaging more wllh our communlty and our stakeholders, and comrnunicating more widèly lo increase OUT profil6. Sustalnablllty Wa will irnprove the sustBinBbility of services for our dlents by developing our capabilty lo diversify and increase our funding, collaborating with our partn&rs and olher hJc81 Q'tizens Advice t88ms. Peopl• and Culture We will deliv8r a service vAth equity, diversity, and indusion at its heart by engaging and developing our people. How our actlvltl•s deliver publlc benefft The service's main advltie5 are described in the Achievements and Performance section below. All ¢had¢8ble 8Ctivities focus on providlng the advlc8 People need lor the problèms they face and are undertaken specifically to prowde public benefit. The board ol trustees h8ve had due regard to the Charity Commission guidance on public benefit and have complied wAh the duty in section 4 of Ihe Charities Act 2011. Cltizens Advice Rushmoor operates from tsvo main centres in Aldershot and Famborough, providing free. independent, irnpartial. and confidential advice lo its clien15. Advice is deliveréd by phone. on-llne, email and faCe-tO-fa at different locations. Ranging from brief one-off interventions to in4Jepth casework. the service is tailored lo meet individual need5. Page 4
Docusign En¥ÈlopÈ ID." 8459FEF&D34tk48EF-8583-9DE6C15DOA9A RUSHMOOR CITIZENS ADVICE BUREAUX (A company limited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 In 2020 the service celebrated Its 80th year in Aldershol, 81 last managing to celebrate this event in 2022, tsvo years 18te due lo the pandernic. The 88rvlce Is a constant pre58nc8 in the face of change, giving a unique inslght Into Ihe challenges th8 community is facing today- and having the flexiblllty to stBy ahead and remain relevant In the Ilght ol future chang8. It works in partnershlp the locèl authority and k¢y agencies to make surè loeAI needs are rn8t. It recogn15es the slgnilieant diversity ol the local population and works 10 8ddress known areas of dèprivation. It also undertakes re6earch and campaigns activity to identify and report on issues that iTnp8¢1 people. wrth a vlew to Influencing local and national decision rnakers to lrnprove pollcy and legl818Uon. Thls is donè through shared nallonal systems as well as undert8klng local rasearch and partnership work. It provldes support lor clien18 wlth mental Illness through Its cora servlce, al m•ntal health sethng8, in thè community and In partnèrship wllh NHS teams, Ioc81 s&Nices and tharilltss. crtiz8ns Advlce Rushmoor Is ong of 16 local Citlzgns Advlce offices lo dellvtsr thè national Ptrn$lon Wise service, glvlng xpert advice and guid8ne# to halp people understand their penslon opllons. Sincè th8 pandem1¢ Ihl$ Important servic• has been principally d8llv¢red by phone. In additiortr, the service works directly and whh local p8rtneT5 to dollver a range of projects to support different J•¢tion$ of the communlty. includlng vulnerable clients and. specifically, the slgnifieont Nepall community and the nevly arring Llkrainian community. FU• Plans The servlce conBlantly revlèws Its plans and activitiès considering n8llonal 8nd local pressufes and challengeB. The previovs busines¥ and development plan ha¥ bèan updated to cover tho perfod 2023-2025. A rglreshed organisational strategy and supporting operotional plan have bgtrn rgviewed and adopted by the full board, Tesponding to the Changing needs of clients, lunders, and partners. The overar¢hlng strategic alm 18 lo ensure the 6ervlcv 1$ accesslble, relevant. and sustainable IOT evtrryonè who needs 51. The plans u8e up lo data msaarch and cla18 Insights to provlde context and oulllne the str8tègy ond dlrection lor Cldzens Advlce Rushmoor. They are rooied in a wealth of local knowledgg. d8t8. ond consultations, with con8lStent input Irom trustees and operational siaff across the organbsatlon. They also draw upon the national Clts"z9ns Advlce slralegy Bnd 2023124 prloritie3. Thè s•Nce's cllent5 and community are al the heart ol 811 It does. Evidencè of the past imp8cI ol austerfty on vulner8ble local people, along with currènt Increasing dernand caused by the cosl-ol-living crisis. gives urgency to finding new way¥ to rTrBat dient needs. The Import8nce ol maintaining su5t8inability and resiliencè as Bn organisation, both to continue lo gUPPOrt clients. and lo addre88 futur? chAllenges and opportunitles, cannot be overstated. Technological developments, will 8upwrt delivery of 88Nlces in new ways. rècognlsing the diverBe r8nge of needs for advlcè, gUPPOrt and information, and the requirement (o reaeh more people. Straleglc priorities for 2023-25 are.. Advice Improv8 cll8nt expèrience and increase 8cc6sslbility for thos? who are marginali58d, delivering our servlce In ways that result sn rnore clients getting the sVPPOrt they need and experlendng positive out¢omes,' and Increasing our commitment to the most marginalised mernbers of our community and those digitally excluded. Advocacy Become an 8ven stronger voice on issues that matter most- increasing our research and campaigns fr)cus, angaging with our community, inlluenrAng policy, and effectively communicating the work we do. Sustainablllty Improve our organisational sustsin8billty - increasing our financial sustainability through increasing income and redutyng sls; working collaboralivety with funder5 and with internal and exlernal partner5. Page 5
Docusign En¥ÈlopÈ ID." 8459FEF&D34tk48EF-8583-9DE6C15DOA9A RUSHMOOR CITIZENS ADVICE BUREAUX (A company limited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Pooplg Make Citizens Adwce Rushmoor a great, safe. and incluslvg place lo work and voluntser. Opératlonul EnvSronm•nt The c05t-of-livlng crisis Is c8uslng signfficanl increases in demand, wth mere clients presenting wilh cornpl8x needs. Meetin9 this demand is a key op8rallonal challenga wllh 8vidence of a perfect 51onn of r15ing demand at thè yame time as re¢Jucing finandal resources. Accordingly, there is a critical irnperative to sustain and enhance new ways of workiThJ, logeiher wllh adopting a multi- channel strategy uslng phone, chat, email, and video lo increase access for clients. 'In p8rson' appointrnents for cllents unable to gel thè help needed by phona or dlgit81 servic85, wlll continua lo be achieved In a secure environment. There have been And condnuè be concems abwl acc858 to advi¢8 lor marginallsed clients, Induding minority groups. e.g., members ol the N$pali community, and pml•d5 have been establi$hed to con(Snue to meet tha nèed8 of people fgcing barrlers lo advlc8. Thorè 18 no doubt that thè overall operabng envlronmenl for Cilizens Advie•15 the most challenglng that has been seen for long while. Trustees arts focusing their alt&ntion on lh8 future strategy and sU8tsinability ol the service. And how they can work with the operational learn to olfer the best service levels possib. In view ol this, a erilical 8ctivily during 2023 will bt a full revlew and r¢$tructure ol the service's optrraiing model- aimed gt en5urlng clients 8r8 glvèn the knowledg8, resovrces and support needed lo overcome challenges, Make inlorm8d decisions, and find 8 way folward. This r8vl•w1s undeThvay at (h¢ tlm? ol productlon of th19 Tru$loes Report. with Slated alms lo ensure tha gervlce.. Pvls our cllent5 at the hèart of everything we do. 0911vers Services In a streamllnèd &nd joined up way, wlth a focus on quallly. Provl¢¢s Ilexibllily to respon(J lo dtrrèrlng leve13 01 client ngèd. Welcomes ynd supports our peopl8 erfo¢1ively - bolh volunteer and paid - wllh opportunities for progrèsgion and development. Is resilient and $u8tainable, now and In the future, with the ability to oxploil new development opportuniU86. Responds positlvely lo chall8nges of capacity and demand management. Embraces innovation and change. Volunt••rn As already menlloned, service delivery Is highly d8pend8nl on volunteers - who bring a we8lth of 8xperience 8nd str8ngth lo the organisabon 85 8 whole. Pre-pand8mic the Service was fortunate lo have over 100 volunt88r8. however, th• changing operating environm8nt, inrjuding requir8m&ntS Lo work digitally, voltsnteer numbers reduced signific8nlly, with particular10s5 of some of rnore experienced team members. A focused drive on volunleer r8cnJitment ig b8glnning to bear fruit. wlth new recruits and Irain8es bringing active volunteer nurnbers to ove¥ 60. Tr8ining and prDgre5sion of volunteers lakes Ilme, with consequent impacl on overall capacity ol the service. A new volunteer 'Welcom8 Team. to enab18 ihe offices to OP8n to in person walk ins. marked an important developrnenl, wlth the new role enabling volunte8r5 to support 5eNice delivery almost frorn day onB. Volunteers work a variety of hours, rangin9 frorn 4 10 12 hours per week occaslonally more. Thls averayes out at approximaièly 3.000 volunteer hours freely glven during the financi81 year. equating to a financial value of £418,216. This calculation u595 nationally set scales equadng the nature of th¥ work undertaken with salary benchmarks. Risk and Inl•rnal eontrol¥ Trustees are responslble for the effective manag8m&nl of risk and for making Sure that intern81 controls are in place and operating as designed. Th8 Trustee Board ha5 adopte(l a risk manag6mènt strategy. Risk own8rs rttgulady review risks to assess the likelihood. impact and relevance of rfsks, the plans for managing them and adequacy of those plans, Page 6
Docusign En¥ÈlopÈ ID." 8459FEF&D34tk48EF-8583-9DE6C15DOA9A RUSHMOOR CITIZENS ADVICE BUREAUX (A company limited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 A robust system of interna5 financial controls is operated, which is cornpliant with charity c1MiSSion guidance and good practice. Trustees agree annual budgets and review quarterty financial reports. The Truslges identrfied the folk)wlng as th& key ri5k6 and uncertainties likely to affect modlum gnd long-terrn delivery and financial performance ttr posilion.. Funding - sècurfng long tenn lundlng lo malntain and deliver the service remains a challenge and is critical in terms of long- term 5USt8inability and surviv81. Reliance on COTe fundlng from Rushrnoor Btsrough Council, which saw a 10% reductlon in Its general grant for the 2022- 2023 financial year and a ftjrther 10% cul confirmed for the forthcoming year, remains a key rlsk and creatès a significant divergence beeen funding 8v8ilable and the cest ol delivering the 5eNSce. The board has developed 8 lundlng policy lo invesllg8t8 broadenlng its approach to income generation and bulldlng unrestricted income as well as crealing designated reserves to Invest in a Deputy Chlel Officer role to support fundraising and busin0$5 developrnenl efforts. As oulllned above, after the and of the reporting period, in August 2023, Trusi&e Board 18unched a restrucluring of the operating rnodol. supporied by thtr national Citizen8 Advi¢a Strategic Changa Consultsnt t83m. to optirnise s•Ce delivery, mana90 the cost base 8nd ensure CIUzen$ Ad¥Ace Ru6hmoor's longer rM lin8ncial 8UStainability. People 8ttractlng, engaging, And ratalning talent as w•ll as maintaining and increasing the volunteer base Bre crltical to the continued delivery of the soNIc8. The service's People PSan include8 key activltles around recruitment and r¢tèntSon of paid 51aff, including engagemant 8Ctivilies. training and dovelopmenl, and Annual reviews tsf remuneration. and lerms and condllions. Tho serySc6 opera186 a continuous progr8mrn8 of recruilmenl ol volunleers, which is flexlble and responsive to new volunteering roles and remote working opportunilles. A volunteer slralegy has been dev?lop6d to provid? an gff¢¢live And 8UStalnable basls for ongolng reGwltment. training. and ratention of volunteers. ACHIEVEMENTS AND PERFORMANCE During 2022123 the team has worked eonsistently and positlvely lo meet changlng needs, 8$ wall As adapt lo the new, post- covid, operatlng envlronmenl. A5 part of our slralegic commitment to moetsng the needs of those rn06t In need of our support and 8dvice. we have develop¥d some import8nt p8rtnershlps, most 51gnS1icantly with th8 Community Grub Hub. As part of 8 wldeT .raparOUnd. servico, thls partnership is gnabling eng8gement and practic81 Support with issues ranglng Irom fuel poverly to hornelessness prvventS0n. Energy advice has, In8vllably, emerged as g key theme through the year, with over £60,000 of gr8nts being allocated by Clllzens Advice to local people in Rushmoor, vla Hompshire's Household Support Fund. This work has holped us gnggga more closely with a range of community organisatlons. as well 8s Ilbraries. loc81 Councillors and Nep81i speaking groups. Our Cosl of Living in Rushmoor research report launch in M8rch was the result of a key project supported by Ru5hmoor Borough Council. Idgntlfylng specific pressures •xperienc8d in the local community as well as. importantly, actions nè8dad to mitigate and 5UPPOrt those affected. Cost ol Living pressures. and Ihe pledges 8ri5ing fr(*n our"Call to action" event, continue to drive and infomi our wort across all our projects and activities. Whilst contact by phone ramains the prim8ry rnelhod our clients s8ek our help, 8nd Is Iherefore a priorfty for our servica deliv8ry, we committed to rèopen our doors for in person walk ins. This is recognised 85 a really irnportont way lor more vuln8rable people to engage with us. Sadly, people in crisis. and the need for urgant energy and lood grants, have domin8t8d B lot of the walk-in activity. Increased projuct funding for our rnentsl health focu58d work. as W811 as our Domeslic Abuse project and der activitie5. refiects the value and impact of th8 charity as a whole. Our Pension Wise team continues to deliver a very high quality ancl highly valuèd servi also seeing increased dem8nd as a resutt ol economic pres5ur8s. A summary of our financial impact is glven in the following tablè. Thi5 does not include the huge valuB uf our volunteers (shown abovg) who bring enorrnous Indirect benefits as well, not least to our independence, diversity and the range of experience we can draw upon wilhin our team. The table bek)w shows the breakdown of the dtrrerent issues seen - th15 data has been extremely valuable to our partners. P8rti¢ularly in the NHS and Rushmoor Borough Counell, where it is published quartedy at ward level and in other fomals, to give granular feedback, active used to target activity- and locus help wh8re it is most neèded. Br•?kdown of Advlce15su05 in 2022123 Last year. Citszens Advice Rushmoor helped 9,920 people with 32.744 issues. through 25,924 a¢tivlliÉs in 9,777 cases. Page 7
Docusign En¥ÈlopÈ ID." 8459FEF&D34tk48EF-8583-9DE6C15DOA9A RUSHMOOR CITIZENS ADVICE BUREAUX (A company limited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 From rnoney and nsIOn Savings guidance to scams and domastic abuse. The chart below shows the distribution of adwc8 issues across the different C8legorles of the work we do, excluding tha 20.587 financial Issue codes recorded by the Pension Wisè service. Comparlsons with Ihe previous year show rèducllons in actlvlty Sn some areas. The lower number of Unlversal Credlt Issues rellect the loss ol the 'Help to Claim. national project from our looal service,, in other areas bwer number5 reflecl the ovèrall reduced capaclly In our paid and volunteer workforce. We know that demand lor all servlces rèm8Ins high, vlth significant levels ol unmel nead. Increas8s In energy advice are a dlrecl response lo thè high level ol fuel poverty for lo¢al p&ople, with addltlonal work undertak8n to ensure appropriata 8nd targeted halp is glven. 5.000 2021.22 2022-23 -% Change ZOO 4.900 4.000 150 3.500 100 3.000 2.500 2.000 1.5th) 046 1.000 500 100 Dlf•¢t and Indlr•ct Valu• of Adv1¢• table b81ow uses directly recorded dat8 from advice given, as well as a Trgasury approved mod81 to ca1late publlc value and fiscal savlngs, provided Ihrough our national Cib'zens Advice nelOrK. Dlr#ct and IndiTect Valu• of Advice 2022123 Bgnefits.. an avèrago of £6,424 per client. including 220 one-off awards totalling £338.542 th8 10181 value ol benefit5 advice was. Debt.. 319 clients with debt Issues 74% of whlth were r8501ved - average of £13,558 debts written èr client 49 , wilh a further 33 clients havin £62.893 of enls rescheduled Houslng." savings to our local authority purely by preventing hornelessness. In addition, £247,650 of savin s to housln foviders and £10 015 to the courts S 51em. Fls¢al savln s lo Government and non overnmenlal a encies Publle value of the benefit ol our advice lo societ as a whole Clrent outcomos indudin the benefit and debt OLJtcornes above Total of Fiscal Savin s Public Value and Client Outcomes.. £4,141,026 £662,417 £112 193 £1.625.550 £24.314,125 £5.659.335 £31 599 010 Page 8
Docusign En¥ÈlopÈ ID." 8459FEF&D34tk48EF-8583-9DE6C15DOA9A RUSHMOOR CITIZENS ADVICE BUREAUX (A company limited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Th8B8 figures are not includad in the finanual stalernents. FINANCIAL REVIEW a. R8suIts Income in the year amounted lo £939,863 with expéndituie tsf £952,320. The results lor the year and the charity's fln8ncial positlon at the end of the year are shown in the attached finoncial staternenls. Thè financial slalements have been prepared in accordance with the Cornpanies Act 2006 and the Financial Repo.ng Standard applicable in the UK and ReputrAlc ol Ireland ISORPI,. and comply wllh the charity's Memorandum and Articles of AS5100n. b. Prlnclpal Fundlng Source Rushmoor 8orough Coun¢ll 8r8 a princlpal fundèr and in addltion to the dlrect financial grant and rent detaileij in the flnan¢ial staterrenls, Ihoy also provide much 8ppr8clated help in kind, in the fomi of car p8rking concesslon$. meetlng rooms and other SnforTn81 ¥upport for services. In the Cntext of thè volatile, complex, and uncertain operatlng envlronment Ihe Board contlnu8S to recognlse the Importonce of m8lntalnlng dlv&rse fundlng and ensurfng a flexible response to opportunitie8 and ¢hgllenges. c. Golng Concem Thè financial statements 8$ of 31 March 2023 wera prepared on 8 905ng concem basis. In ptrrfomiing the goiny conc&m ass8ssment, tho Tru8188s have considered Cltiz¥ns Advice Rushmoor's abillly to continue lo dellv6r servlce to Its clients., thè Increase in client demand for services., the c8pacity ol slaff and volunteers lo perfom their rol8s,' current and future funding Sources,. c88h posltlon.. and av8118ble r98ervgS, 8psed on this 88se8smènt, tho Trustee8 concludèd and were sallsfied thgt lh6 charlty has adaquale resources lo ¢ontinue In operational existence for the foreseeable luture and Ihat Citszen5 Advicg Rushmoor rernains o golng concem. For th19 reBson, they conllnue to adopt the golng conc8m basis In pParIng the flnancial 8t8tern8nts. Further dat8i18 reg8r¢Jlng the adoplon ol th8 going concem basis can be found in the Accounting Policles. d. InvgBtment PollGy and Perfomance Rogular revi8 of inveslrnent of res&rves are undèrtakan by the Treasur&r 8nd Finance Man8g8r, to ensure the mo$1 favtsurabl& return for the charity. Reserves and running costs are s1t belwgen Scoitish Widows and Royal Bank of Scotl8nd. l. ReBeNes Policy The Trustees recognise the need to maintain reserves to ensure Citizen5 Advlce Rushrnoor its slatutory and contractual obligatiofis, following Ch8rity Commission guidance and b8sI practice. The Reservos Policy is reviewed annually ond updat8d In a rèport to Trustee Board meetings. Trustees aim to actively manage reserves. recognising the changing operating environment. The Reserves PDllcy r8cognises the need to hold financi81 reserves to ensure that thè charlty can conlitlug to operate and meet the needs of elients in the event of unforeseen and potentially financ4ally damaging circumst3nce5 arising. This includes recognitlon ol areas such a5 Staff redundancie5'. sickness cover,. unin5ur8d losses and late paymènt by funders. The policy defines a minimum level for unrestricted TeseNes. Designated reserve8, which fom part of unrestrictod reserves, are allocai8d Ihrough pertodic review of requirements. Reserves as of 31 March 2023 total £330,986 being £280,399 unrestricted reserves (excluding designated reserves). £50,000 deslgnated reserves and £586 restricted reserveg. £50,000 is designated lor the employerfs cosl of the Deputy Chief Officer IOCOI for 2023124. which, is an investment made to generate new fundlng streams and business developm8nt opportunities, with initial results in Ilne wlth expectauons. Page 9
Docusign En¥ÈlopÈ ID." 8459FEF&D34tk48EF-8583-9DE6C15DOA9A RUSHMOOR CITIZENS ADVICE BUREAUX (A company limited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 The Board considers that free reserves Idelined as unrestricted reserves less tangible fixed assgt16ss deslgnated resery8sI should be rnaintain8d at a mlnimum amount equiv81enl to three rnonths of the current year's expenditure, and results meet thi5 pollcy. The board considers that the current level 15 adequat• lo support current and anticip8led levels of activty, to enable it to r8spond to opportunities and to pmvlde for emergencles. MEMBERS, LIABILITY The Members of the ch8ri18ble company guarantee lo contribute an amounl not exceedlng £1 to the assets ol the charlty in the event of wlndlng up. SMALL COMPANY PROVISIONS Thls report hB5 been prepared in accordance with the spaclal provislons relallng to wmpBnles sublact to thè small cornpany rggiwne wlthln Part 15 ol thè Compani88 Act 2006. TRUSTEES. RESPONSIBILMES STATEMENT The Irusteas 8r¢ re8pon8ible for preparing Ihe Trustees, Report and the financlal 8tatemontB. Company law requlrès the Injslees lo prgpare 3tatements for 88ch financlal year, to give a tru¢ and fair view ol the 8tote of affairs ol the Gharltablè company - 8s 11 as the incoming retyources and application ol resourc88 . including tho Income and expendhuré of Ihe charity lor that period. Tru8te•s must.. select suliable accounting policles and apply them consistently, observe the rnelhgds and princie$ in th8 charitle3' 8tslement of ra¢ommended practlce ISORPI make reasonable And prudent judgments and 89tim8tes. slate whether appllcablo UK accounts'ng standard8 have been follow8d. Subject lo any material departures diBclosed and explained In the flnanclo18tslements. pr¥parè the financlal statements on the going cknncem ba81s unless 11 is InApproprlate lo presume that the charitabl8 company will c()ntinu8 In business. The truste85 are responslble lor ensudng proper accounting records are kopt. The records must disc108e with reasonable ac¢uracy, al any time, the lin8nci81 position ol the charflable company an¢J Ihg Iruslees must make sure Ihal the financial st8tBmenls comply wilh the Companie8 Act 2006. The Iruslees are also responsible for the rn8inlananc8 and integrity of lh8 corpor8le and 1Snancial information included on the charltsble company's website, TnJstè8s must safeguard thè a8sels ol tha charftable cornp8ny and tak• r&snae steps to pravènl and detect fraud and r)ther irregularities. DISCLOSURE OF INFORMATION TO AUDITORS We. the Twsiees of the company who held office bl the date o18pproval of these Financial Statements as set out abovg each confirm, so far as we are aware, that.. rhere is no relevant audlt Inforrn8tion ol which Ihe company's 8uditor5 are unaw8re,' and We have taken all the steps that we ought to have taken as Trustees in urder to make OurS¥eS aware of any relevant aud51 Inforrnation and to 8Stabllsh that the c4Jmpany's 8udilors are aware of th8t information. Page 10
Docusign En¥ÈlopÈ ID." 8459FEF&D34tk48EF-8583-9DE6C15DOA9A RUSHMOOR CITIZENS ADVICE BUREAUX (A company limited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 AUDITOR Under section 487121 of the Compani85 Act 2006, Menzies LLP will be deemed to have been reappointed as audllors 28 dgys after thes8 finanaal statements were sent to members or 28 days aftar th8 latest date prescribed for filing the 8ccounts with the reglstrar. whichever Is 8arller. Approved by order of tha members of Ihtr board of TNstees and signed on thelr behalf by.. Mr Andr•w L•v. Chair Date.. 19/ 12023 Page11
Docusign En¥ÈlopÈ ID." 8459FEF&D34tk48EF-8583-9DE6C15DOA9A RUSHMOOR CITIZENS ADVICE BUREAUX (A company limited by guarantee) MENZIES INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF RUSHMOOR CITIZENS ADVICE BUREAUX Oplnloh We have audited the financial statements of Rushmoor Citizens Advlce Bureaux Ithe 'charfty'l for the yo8r ended 31 March 2023 which comprise the Sl8tement ol lingnu81 activitles, the Bo14nce sheet, the Statement of cash fiows and the related notès. including a summary of significant accounung policles. The financial rewrtlng framework that has been applied in thèir preparats'on Is applic8ble law and United Kingdom Accountlng Standards, including FinancAal R8POrtlng Standard 102 'Thè Financial Rèporting Standard appllcabla In the UK and Republlc of IrelBnd' (Unrted Kingdom Generalty Accaptad Accountrng PrM¢licel. In our oplnion Ihg financlal statemants.. give a true and fair view of the slate of th8 ¢h8rilable companls affaSr8 a8 at 31 March 2023 and of Its Incornlng res¢JJr¢e8 and applicatson of r850urc88. includlng 115 incom8 and ¢xp8nditure for the year th8n ended.. have been properly prepared in accordance with United Kingdom G¢norally Accepled Ac¢ounUng Practlce; and have bean prepared In accordAn¢e wlth the requir&m•nls of the Companies Act 2006. 8a81• for oplnlon We cDndLtcted our audit in 8ccord8nc8 Wlth Inlarnallonal Standards on AudS1Sng IUKI IISAS IUKII and appllcable law. Our responsibilities under those stAndard8 are further described in the Auditors, responslbilili96 for the audit ol the flnandal gtatem&nt3 section of our r8port. We ar8 Sndependent of the ch8rllable cornpany in accordance wlth the etttical requlr8mgnt8 that are relevant to our audlt of the financial statemènts in th8 Unllgd Klngdom, Includlng the Flnanclal R8ports'ng Council's Ethlcal Standard, and we h8vg fulfilled our other elhlcal respon$lbililies in accordance with these r8quirem8nl8. We believ& that the audit eviden¢ei have oblainad Is sufficl8TIt and appropriate lo provldè a b8318 for our oplnlon. Conelu•lon• relatlng to oolng concern In audlting the finandHI 3181eFnents, we have Concluded that the Trustees, u$¥ of the going conc•rn ba818 of accountlng In th¢ preparallon of the financial siatem8nls18 8ppropdate. Ba8ed on the work WÈ have performèd, we have not identifiod any materlal unc8rtainties r&latlng lo events or eCdItionS Ihat, individually or tto118cbvely. may eA818ignlflcant doubt on Ihe charitable ¢ornpany's ability lo continue as a going concem for a poriod ol al least NY•lve months from when lh• financial s(atam8nts are authorfsed for issu8. Our respon&bilitlas and the respon51bililies of the Trustees with Tesp8et to going concem are destxbed In th8 rè18vant sections ol ihis r8porL Oth•r Infomiatlon The other information comprt$eS the information Included in the Annual report oth•r than the financial statements and our Auditors, report Ihereon. The Trustees are responsible for the oth8r information contained wfihin the Annu81 pOrt. Our opinion on the financial statemènts does not cover the other information and. except to the extent OtheISe explicitly stated in our report, we do not express any forrn of assurance conclusion thereon. Our responsibility is to read the other infom)alion 8nd, in doing so, consider whether the other infomialion 15 materially inconslstent with the financial statements or our knovAedge obtained in the course of the audlt, or othewse appears lo be materi8lly rnisstated. If we identty such material inconsistencies or apparent rnaterial misstatern8nt5, we are rUired to determln8 whether this gives rise lo a material rnis5talem&nt in the financial statements themselves. If. based on the work we have perfonned, we conclude Ihat there is a materlal misstatement of this other information, we are reqUId to rew)rt that fact. We have nothlng lo report in this reg8rd. Page 12
Docusign En¥ÈlopÈ ID." 8459FEF&D34tk48EF-8583-9DE6C15DOA9A RUSHMOOR CITIZENS ADVICE BUREAUX (A company limited by guarantee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF RUSHMOOR CITIZENS ADVICE BUREAUX (CONTINUED) Oplnlon on other matters preserlbed by tho Companlès Act 2006 In our opinion, based on the work undertaken in the course of the audit= the information given in the Trustees, report for the flnancial year for whlch the flnancl81 siat•ment5 are prepBred is consistent with the financial slalements. tha Trustees. report has been prepared in accordance whh appllc8ble legal requirements. Matt•r• on whlch we ar• r•qulred to r•port by •xceptlon In the Ilghl of our knowledge and undrstandlng of the charitable company and onvlronment oblalnéd In the course of tha audit, we have not identified malerlal mlsstat&ments in the Tr4b$lses' report. We h8ve nolhlng to report in TeBpect ol tha follovAng mattars Sn relation lo whlGh Companles Act 2006 raqulres u8 to r•port lo you If, In our opinion.. 8dequ8le accountlng records h¥v• not been kept, or tUrnS adequate for our audlt have not been recelved from branche8 not vlsSted by us., or the finan¢lal stalemenls are not In agreernent with th8 accounting records and T8tum8,' or ¢rt81n disclosures of Trusttrès, ramuneration sperifl¢d by law are not m8d8.' or we have not received 811 th8 Inlomation and explanotions we require for our audlt., or the Trustee5 were not 8nlllled to prep8re thg flnanclal statements In accordance hth the small companlos reglme and take advant899 ol the small compani95' axemptions In prepartng the Trusl8e3' veport and from th& wquirernenl to prep8fe 8 Slr8teglc report. R••ponslblllil•s of tru•t••$ AB explainod more fully in the Tru5teèg' r8sponslbilities 518lem¢nt, the Trustees (who are 8190 Ihe dlr•etors of the charitsbl8 company for the purposes of comp8ny 18wI ore responsibl8 f¢r the preparation of the financial s18tements and for boing satislled th81 th¢y glve a true and fair vlew, and for suth int8m81 control as the Trustees delemiine Is necessary to enable the preparation of Ilnancial sl3teFnents that aw free from mat8r181 mlsstatement, whether due to fraud tsr •rror. In prepariny the fin8nd81 statemenfs, the TnJste8s Bre T8sponsible lor aBses5ing the chArilable companls ability to continue as a going concem, disclosing. 85 8pplieabl8, matters related tu going concern and using the goin9 concern basls ol accounting unless the Trustees elther intend to liquidate the charitable company or to cease operatic)s, or have no r861isknc allernalive but to do so. Page13
Docusign En¥ÈlopÈ ID." 8459FEF&D34tk48EF-8583-9DE6C15DOA9A RUSHMOOR CITIZENS ADVICE BUREAUX (A company limited by guarantee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF RUSHMOOR CITIZENS ADVICE BUREAUX (CONTINUED) AudhorJ' respon$lbllltS•8 for the audlt of thè fln•hclal ststement8 Our objectives are to obtain reasonabla assur8nce about whether the financial slatements as a whole are free from ma18rial rn15Stalement, whether due to fraud or error, and to issue an Audllors, report that illcludes our opinion. Reasonable assurance is a hlgh level of assurance. bul 59 not 8 guaranteè ih81 an audit conducted in accordance with ISA5 IUKI wll ays detecl a material rnisslalement when it exisls. Misstatements can arlse from fraud or error and Bre considered material if, individually or In the aggregate, they could r&asonably be expecled lo influence Ihe economlc dedsions of users taken on the baBls of these financ81 ststements. Irr6gul8rllle5, Including fraud. arè Insiances ol non-compliance with laws and regulatlons. We dèslgn Procedures Sn line wlth our iespon81blllties, outlined above, to detect material Fni88tstemonts in r•speci of irregularities, including fraud. The extent to which our procedures are Capable of detecting Irregularfiies, Includlng Ir8ud 18 detailed balow.. Thè ¢haritable companyls subject lo laws and règu18tlons that dirèctly affect the financial statèments includlng flnan¢i81 reportlng legislolian. W8 deterrnined that the following laws and regulations were most slgnificanl including FRS 102, Ch8Tities SORP, Cornpanios Act 2006. Ch8rllies Act 2011 and compliance with IhÈ Nalional Citizens Advlce Bureax policies. We assessed the exlenl of Gompllance with Ihe8e18w8 and regulatlon5 as part of our procedure8 on the related tlnanclal stalemanl items. W8 under81ood how thè ¢h8rilable company Is complying with thosè ltrgal and regulatory Iralneworks by, rnokng Inqulri¢5 to rnanag6ment. those responslble lor189818nd complianc¢ procedures and the company secretary. We corr¢boraled our inquirfes Ihrovgh our review of board rninules. The engagernent partnw 8sse8sed whether the gngagernenl team collectlvely had the gpproprlale cornpetenc• and cap8bllliies to id8ntlty or rècognize nonacompllance wilh18ws and r¢gulalionB. The assogsmenl did not idenufy any 155ues in Ihis area. Wa ass888ed Ihe susc8pVbilily ol the chadtable eomp8ny's ffinoncial st8ternenls lo matari81 misslalem8nl, Includlng how fraud might occur. We considered the opportunities and incenllve5 that may exlst wilhin the organisatlon I fraud and idenllfied the gre81esl potential for fraud In the lollowlng areas.. management override ol conlrtsls to rnanipulate iesurts, or to cause the chodlabla Cornpany lo enter Into transactions not In it5 be51 interests. Audit procedures perlomiad by the engagement laam Included.. Identifying and Bss&sslng the design 8ff&ctlvBness of controls m8n8gement has in place lo prevent and del&ct fr8ucI,. Understanding how those charged with gov8manc8 considered and addressed the polen1181 for overrid• of controls or olher inapproprfate influence over the fin8ncial reporting process.. Challenging assumptions and judgrnents m8d8 by rnanagement In Its significant accounting estimatès," 8nd Identitying and (esting journ81 entrie5. in particular any jouin81 entries posted with unusual account combinatlon¥. 8ecau58 of the inharènt limitations of an audil, there is a risk th81 we will not d8t8ct 811 irregularitias. Including those leading lo a material misstalemenl in the financial slalements or non-compliance with regulation. This risk inrxeases the more that 0mplian with a law or regulation is rernov8d frorn the evBnt5 and IransacliorTS reflecteij in the financial Statements. as we will be less liktrly to becorne aware ol Instsnces of non.compli8nce. The rlsk is also greater reg8rding irregularities occurring due to fraud rather than Eiroi, a5 fraud involv85 Illtenlional concealrnent, forgery, collusion, omission or misrepresentslion. A further description of our responsibilities for the audit of Ihe ftnancial statements is IoGqted on the Fin8ncl81 Reporting Council's website at.. sknvw fr .uklauditorsies s. This d¢$p'0n lomis part of our Auditors, report. Page 14
Docusign En¥ÈlopÈ ID." 8459FEF&D34tk48EF-8583-9DE6C15DOA9A RUSHMOOR CITIZENS ADVICE BUREAUX (A company limited by guarantee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF RUSHMOOR CITIZENS ADVICE BUREAUX (CONTINUED) Uso of our report Thls report Is made solely lo tha charitable company'8 members, as a body, in a¢¢ordance with Chaptèr 3 of Part 16 of the Cornpanies Act 2006. Our audit woeK has been undortaken so that we might 818le to the charitable company's memb8rs those matters we are requlred lo stale to them In an Audltors, report and for no other purpo$o. fo the lullest oxtBni pèrmitted by law, we do not accept or assume Tesponslblllty to anyone other than the charlt8ble company and its member8. as 8 body, for our audlt work, for Ihis report, or for ihe oplnlon$ wa have fomed. O¢euSkJnid by.. 634F240E92A4471 Janlc• M•tth•w8 FCA IS•nlor jtatutory audltorl for and on behalf of Monzl•JJ LLP Chartered A¢¢ountants ststutory Audltor Centrum House 36 Stalion Road Egharn Svrrgy TW20 9LF Dale.. 20-Sep-2023 Page 15
Docusign En¥ÈlopÈ ID." 8459FEF&D34tk48EF-8583-9DE6C15DOA9A RUSHMOOR CITIZENS ADVICE BUREAUX (A company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023 Unr•strlci•d funds 2023 Regtricted funds 2023 Total fund> 2023 Total rund$ 2022 Noté Incom• from: GrAnls Investments 473,776 1,722 414.365 938,141 1,722 7,084,420 J36 Totsl Incom• 475,498 464,365 939,883 I,Q84, T56 Exp•ndliur• on: Charitable actlvlues 480,615 471,705 952.320 1, 109, 783 Total •xp•ndhur• 480,615 471.705 952,320 1, 109, 783 N•t •xpendl¢ure Transfers be?n fvnd$ 15.1171 12,5801 17,3401 2,S88 112,4571 (25,027) 13 N•t movoment In fundi {7,7031 14,754} 112,4571 (25,027) R•conclllatlon of funds.. Total funds brought forward Not rnovemenl in funds 338,102 17,7031 5,341 14,7541 368,470 {35,027) 112.4571 Totsl fundo rrI•d forward 330,399 587 330,988 343,443 The Stal8ment of financial 8Ctiwlles includes all gain5 and losses mcounised in th• yaar. The notes on pag•9 19 to 33 Irn part of these financial stolem8nts. Page 16
Docusign En¥ÈlopÈ ID." 8459FEF&D34tk48EF-8583-9DE6C15DOA9A RUSHMOOR CITIZENS ADVICE BUREAUX (A company limited by guarantee) REGISTERED NUMBER: 04354628 BALANCE SHEET AS AT 31 MARCH 2023 2023 2022 Note Flx•d as••t• Tanglble 83sets 10 24,012 17,584 24,012 17.584 Current ••s•ts Debtors Ca8h At bank and In hand 32.176 421,114 31,618 480,014 454,290 511,632 Credltors.. amounts 18lllng due within one year 12 1147.3161 {185,773) N•t currnnt ••••ts 306,974 325,859 Total ••s&t• l••• curr•nt Ilabllltl•• 330,981 343,443 Totsl n•t o•••l• 330,986 343,443 Ch4rlty lund• Rtrstricl8d funds Unrgslriclvd funds 13 587 330,399 5,341 338, 102 13 Totsl funds 330,986 343,443 The Trustees ackno%•Aedge their responsibilities for complying vhth the requirernants of the Act with respect to accovnlng records and preparation of financial 51atemenls. Th8 finandal statements h8v8 baen prepared in accordance with Iht provisions applirAble to 8ntities 8ublect to the small cornpanles reglme. The fin8nd81 stataments were approvgd and authoTised lor issue by the Trustees and signed on their behaLf by.. Andr•w L•v Chair Date." Iq The note5 on pages 19 to 33 fom) part of thèse financial statements. 7013 Page 17
Docusign En¥ÈlopÈ ID." 8459FEF&D34tk48EF-8583-9DE6C15DOA9A RUSHMOOR CITIZENS ADVICE BUREAUX (A company limited by guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 Ca•h Ilowi from operatlng acllvltles Net cash used in operatlng activitses 139.403) 46.240 Cash flows from Inv••tlng actSvlll•s Purchase of tanglble flxed 8ssel8 118,9971 [9,628) Net cash u••d In Invo•tlng actlvltl• 118,9971 19,6281 C88h flow• from flnanclng actlvllle8 Nel uh provld•d by flnonelng actlvltS•• Ch4ng• In ca•h and c••h gqulval•nt• In th• y•ar Cash and cash equlvalentg 8t th• beginnlng ol th6 ar 158,4001 480,014 36.812 443,402 Ca•h Ind c••h •qulvahnt• al th• •nd of the >w•r 421,614 480,014 Thè notes on pagas 19 to 33 fomi part of th? flnanaal stOt&mgnts Page 18
Docusign En¥ÈlopÈ ID." 8459FEF&D34tk48EF-8583-9DE6C15DOA9A RUSHMOOR CITIZENS ADVICE BUREAUX (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 G•neral Infornijtlon Rushrnoor Citizen5 Advice Bureaux is a charitBble company limlted by guarantee inCporat4d in England and Wales. The address of Ihg regigterod office is d15closad on the company information page. Aeeountlng pollcles 2.1 Ba$16 of proparntlon of flnanclal stat•m•nts The financial statements have been prep8rèd in accordanc8 wllh Accounting and Reporting by Charitl8S'. Statement R8commanded Practice appllcable to charities preparlng their accounts In 8ccordance vllh the Financial Reporting Standard appllcabk In tha UK and Ropubllc ol Ireland IFRS 102112nd Edltion, eff•ctlv8 January 20191. "Charities SORP" and Companles Act 2006. Rushmoof Cllizèns Advice Bureaux meet8 ihe definrilon of a publlc benefit entlty undar FRS 102. A858ts and li8billlies are Inltlally recognised at historical cost or Iransacllon value unless olheMis8 Staled In the relevant accountlng pollcy. 2.2 Compally •tatu• The Charlty 58 a company Ilmlled by guarantèa. In ihe event of the ¢h8rity being wound up. thè Ilabillty Sn respect ol the guarant is limited lo £1 pèr mamber ol the Charity. 2.3 Golng conc•rn The Tru51ees believe Ih8l the chadly has sufficlènt resourc88 to ¢ont1nue Ils oper8llonB frorn at least efve months from the d8tè of gpproval of the88 flnanclal statement8. Thtr accounts are accordingly prepared on the GoSng Concern b8$i$. 2.4 Incom• All incom¢ Is recognlsed once the Ch8rSty has entitlemènt lo the Income, il i¥ probable that the In¢om• will be received and the amount of income rocaivable can be m8a8ured rellably. Grants arè included in ihe Ststement of Financial ACtIti8$ on a receivable basis. The balancg of incoma received for gp6cific purposes bul not expended durin9 th8 period is shown In the relevant fund5 on tha balance sh88t. Where incorne 15 received in advance ol meotlng any performanc8 related conditions thar& is not unconditional eniitlemenl to the incom8 and its recognition is deferred and included in creditors 85 deferre income until the perfrnance-I8le conditions are met. Where entitlement occur5 balore incorne is reG8ived. ttte income is accrued. DonBted servicas or facilitles 8rB recognised when the charity h85 control over the Item, any condib'ons a550ciated wth the donated item have been rnet, the receipt of economic benefit from the use of the charity ol the item is probable and th8 bconomic benefit b& measured reliably. On receipt, donated professional setmces and facillties are recognlsed on the basis ol thè value of the gift to the Charity which is the amount it would have b88n wlling lo pay lo obtaln Services or facilities of equivalent economic benefit on thg Open market.. a corresponding amount 13 the)n reeognised in exp8ndftur• In the period ol receipt. 2.5 Expendltur• Expellditure is recognis8d once there is a legal or constructive obligation to make payment to a third paty, il probable that settlement will be required and the amount of the obligation can be measur8d reliabty. Page 19
Docusign En¥ÈlopÈ ID." 8459FEF&D34tk48EF-8583-9DE6C15DOA9A RUSHMOOR CITIZENS ADVICE BUREAUX (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accountlng poll¢le$ Icontlnuedl 2.5 E%ndItUTe Icontlnu•dl Support costs ale thosè eosls Incurred dlrectly In 5UPPOrt of expendlture on the objects of the ChatY and include project management carried out at Headquarters. Governance costs are thosè Incurre¢J In connection with the consutub'onal and statutory 8t8tulory requirem8nt8 of the charity. IrreCvrabl8 VAT 15 charged agalnsl the expendlture hoadlng for whlch It was Incurred. 2.6 Int•r•8t r•c•lvabl• Intèrnsl on fund5 held on deposS1 1$ Included when raeèlvable and the amount can be measured reliably by th¢ ch8rlly,' th18 Ss normally upon noUfl¢al¢n of the interest pald or payable by tho bank. 2.7 T•nglbl• Ilxed a•s•t8 •nd d•pr•¢laiion Assets cosllng more than £500 ara capilalised. Tangibk8 fixed ass6ls ar• slatèd 81 ¢OBt1858 d¢preci8llon. Depredationrg provSded al rates calculated lo write off the cosl of the asset, less their èstimated residual valu•, ov?r their expected usolul Ilve8 on the follDwlng b8ses'. Dèpreclation Is provlded cn the lollowing basl8.' Offic& and Computer equlpmenl 33% per onnum on cost 2.8 Flnanclal In*trum•nti The charfly only has financial assets and fin8nclal liabllities of 8 kind that qualify as basic financial instruments. Basic linan¢l81 in51rumenis are Inillally reccgni5ed al Iransa¢lion value end Subsgquenlly rneayured at their saeMent value. 2.9 P•n•ion• Colts Conlributlons to the definad contribution schemè are charged to the Sta18m8nt of Financigl Activlties as incurred. 2.10 Support ct4 Costs are allocated b&baen direct and support COSts in propurtion to time spent by employe8$. 2.11 Fund accountin9 General fund5 are unrestricted funds which are available for use at the discretion of thè Trustees In furth8rAnc8 of the general objecb'ves of the charity and which have not been designated for other purposes. Designated funds comprise uniestricted funds that have bèen sel aside by the Trusl8è8 for parb'cular purpos&s. The aim and of each designated fund 18 set out in the not85 to the financial statements. Restricted funds 3re to be used in accordanGe with specific restrictions imposed by donors or which have been raised by the charfty for particular purpose5. The costs of raising 8nd adminisierinu such funds are charged against the gpeclfic fund. The aim and use ol each restricted fund is set out in the notes lo the financial statements. Investment income, g8lns and losses are allocatéd to Ihe appropriate fund. Page 20
Docusign En¥ÈlopÈ ID." 8459FEF&D34tk48EF-8583-9DE6C15DOA9A RUSHMOOR CITIZENS ADVICE BUREAUX (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Ineom• from donatlons and leg3cl•s UnTestrlct•d lund 2023 R•$trict•d funds 2023 Totsl funds 2023 Total runds 2022 Don*tSon• Donations 459 459 Grant• RuBhmotsr Borouoh Council (funding grant) RuBhmoor Borough Councll Iront and rates) Penslon Wise Frlmlèy CCG Broadhurst Trust Joinlng Forctsg For F8mllies opcc Help t¢ Cl8lm The Braln Tumour Chorlty Cbtlzens Advlce HarnpBhlrg Includlng Heallhwalch Hampshire Miscellaneous fundlng Arm8d Forcas Covenant Fund KSck8lart BEIS Capacity Buildlng BELS Innov8tion Communlly Money Advice and Ponsion S8rvlc R88chlng People Together HCC Get Golng HCC CommunilieB Flrsl Overcoming Barrier8 Cost of Livlng Research Armed Forces Covenant 2 Household Support Fund Outregch 199.958 52.902 199,958 52.902 389,196 134,230 33,536 222, 175 52,902 365,066 113,517 27,402 9,545 32,OOG7 41,265 20,230 369,196 134,230 33,536 24,000 24,000 26,079 26.079 2.200 718 2.200 718 23,716 29,250 35,925 17,000 8.333 35.760 45,000 29,250 2.089 39,250 2,089 3,2BO 3.280 17941 1794} 15,000 15,000 5,625 23,800 4,627 8,333 1,500 2,364 23,800 4,627 8.333 6,934 2,364 5,434 473.776 464,365 938,141 1,084,331 Grants 89 473,776 464.365 938,141 1,084,420 Total 2022 474,821 6C19,599 1.084,420 Page 21
Docusign En¥ÈlopÈ ID." 8459FEF&D34tk48EF-8583-9DE6C15DOA9A RUSHMOOR CITIZENS ADVICE BUREAUX (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Investment incom• Unrestrlcted Total funds 2023 Total funds 2022 2023 8ank Inl&resl recelvable 1,722 1,722 336 Tol812022 336 336 Analy41• of •xp•ndlture by actlvltles Actl¥lll•• undertaken dlr•ctly 2D23 Support cos1• 2023 Total lund• 2023 Tofal fvnds 2022 Chorit8blg adlvllle 845,515 106,805 952,320 1, 109, 783 Tolg12022 983,378 126,405 1,109, 783 Page 22
Docusign En¥ÈlopÈ ID." 8459FEF&D34tk48EF-8583-9DE6C15DOA9A RUSHMOOR CITIZENS ADVICE BUREAUX (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Anal5 of •xpond5ture by actlvitl•s Icontlnuedl An1# of dlmct costs Alk)catlon baveen dlrect and SUPPDrt Costs is calculated based on the prtsportlon of the Ilme spent by employees Allocated to direct and support cos18. In 2023 the allocation between dlrect and support costs was 9317 12022.. 92,517.51. Total fund• 2023 Tot81 funds 2022 A¢tlvltl•8 2023 staff costs Rent, rates, Ilghl and hèat Insurance Telophone Prfnllng, p05tag• and stationary Computer and equipment costs Cleaning Sundry Tralnlng Subscrlptions and professlonal Pu1catIOnS Travgl Depreci8lion Consultan18 cost¥ 733,911 55,100 4,818 6,687 3,977 3,415 831 9.219 2,939 7,906 1,508 11,577 3,827 733.911 55,100 4,818 6,087 3,977 3,415 631 9.219 2.939 7.906 1,508 11,577 3,827 868,788 54,372 4.259 13,877 3,213 4,085 7,966 5, 149 9,337 87T 11,455 845,51 S 845,515 983.378 Total 2022 983,378 983,378 Page 23
Docusign En¥ÈlopÈ ID." 8459FEF&D34tk48EF-8583-9DE6C15DOA9A RUSHMOOR CITIZENS ADVICE BUREAUX (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Anatysls of expendltur? by a¢tivltl•i Icontlnued} Anal>F18 of Bupport costs kncation been direct and support costs 5s calculated based on the proportion ol the lime Bpent by employees allocated to direct and support cost$. In 2023 the allocatson been direct and suppcrt Costs was 93n 12022.. 92.517.51. Total fund$ 2023 Total lunds 2022 Actlvltles 2023 S18ff ¢031$ Rent, rale3, light and heat In8urance 54,863 4.147 363 503 145 257 54,063 4,147 363 503 145 257 TO,244 4,4Q8 345 1, 125 434 Telephon8 Prinllng, postage and stallon8ry Cornpuler and equlpment costs Cleaning Sundry Tralnlng subsCptlonS and profe$$lon81 publlcallons Travel 329 48 693 221 595 113 871 693 221 595 648 418 757 113 871 286 43,89B 71 Dgproci8lion Con8ultsn18 Costs Governan costs 929 288 43.898 46,699 106.805 106,805 126,4Q5 Total 2022 126,405 126,405 Page 24
Docusign En¥ÈlopÈ ID." 8459FEF&D34tk48EF-8583-9DE6C15DOA9A RUSHMOOR CITIZENS ADVICE BUREAUX (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Governanc• eosts Unr•gtrict•d funds 2023 Total funds 2023 Tot81 runds 2022 AudStorfs remuneratlon Accountaney fees Stsff c08ts 9,360 1,656 32,882 9,360 1.&S6 32,862 6, 180 1,494 39,025 43.898 43,898 46,699 A1kn¢8tsd govamAnce coBts aré calculated at 4% of totsl Blaff and travel costs12022.' 4%). Audltors. r¢munoratlon 2023 2022 Fees payable to th8 Charlty6 audltor for the audll of the Charitls annual account8 Fee3 P8y8bl8 to th8 Charlty'5 auditor in r93P¢Ct ol.. All nonudIt Servlces not In¢luded above 9,360 6,180 1,656 7,494 Page 25
Docusign En¥ÈlopÈ ID." 8459FEF&D34tk48EF-8583-9DE6C15DOA9A RUSHMOOR CITIZENS ADVICE BUREAUX (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 staff coJt8 2023 2022 Wages and salaries Social security Costs Oth8r pènslx costs 735,824 62,616 23,016 884,500 64,387 29,170 821,4S6 978.057 The av8raga number of persons employed by the Chgrlty durfng Ihe year wgs gs follows.. 2023 No. 2022 No. Employees 37 43 The averag¢ h¢adcount oxpro$sed as full-tlme equlvalonts was.. 2023 No. 2022 No. Employees 17 33 No employee recelved mmunerglon amounting lo more thon £60.000 in either year. The remunargtlon and benefits recelved by key m8n8gemenl personnel Sn th& ye8r totalled £108,742 12022.. £107,142) with 6mployer's pension contn'butions 01 £5,43712022.. £4,773). Tru#1, rernuneratlon During the yeor no Trust88s recald any remuneration12022.' £ nill. During the year no Trusteos recaived any benefit in kind12022. £ nill. DLLring the year no Tnjstees wero reimbursed in the year12022.' nill. Page 26
Docusign En¥ÈlopÈ ID." 8459FEF&D34tk48EF-8583-9DE6C15DOA9A RUSHMOOR CITIZENS ADVICE BUREAUX (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 10. Tonglble Ilxed ••8•ts Office •qulpmerbt Cost or valuatlon Al 1 Aprll 2022 Additions 74.333 18,997 At 31 March 2023 93,330 D•pr•clatlon Al 1 ApAI 2022 Charge le* th& year 56,74• 12,569 At 31 March 2023 69.318 Net book v•lu• Al 31 March 2023 24,012 At 31 March 2022 17,584 11. D•btQTIS 2023 2022 Due wlthln on• y•ar Trade debtors Pr&pgyments ond acc¥ued incom 666 2,678 28,940 32.010 32,676 31,6t8 Page 27
Docusign En¥ÈlopÈ ID." 8459FEF&D34tk48EF-8583-9DE6C15DOA9A RUSHMOOR CITIZENS ADVICE BUREAUX (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 12. CmdltorJ: Amounts falllng due wlthln one ye•r 2023 2022 Trade cr8ditors Other laxation and soaol socurity Othef crediiors Accruals and deferred income 2,484 14,363 3,968 128,SOI 3,049 16,752 5,921 160,651 147.318 185, 773 2023 2022 Delerred Incorne at 1 Aprll 2022 Resources deferred durfng tho year Amount9 r81&88*d from prevlou5 perlods 11S,446 101,982 1113,3441 82,967 97.329 164,850) 104,084 7 15,446 Dolerred income lor 2023 r8lat&s to grant8 and other Income recelved In respect ol future perlods. Page 28
Docusign En¥ÈlopÈ ID." 8459FEF&D34tk48EF-8583-9DE6C15DOA9A RUSHMOOR CITIZENS ADVICE BUREAUX (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 13. Statsm•nt of funds Statement of fundg - current y•ar Balanc• at 1 Aprll 2022 Transferj Balance at 31 Inlout Mareh 2023 In¢¢m• Expendlturo Unr••trlctgd funds DMlgnat•d funds De8ignated Funds 411 funds S0,IXIO 50,000 G•n•r•l fundA G8n&ral Purpose Fund 338,102 475,498 1480,6131 152,5861 280.399 Totsl Unro•trlct•d fundi 338.102 475,498 1480,61 SI 12,5861 330,399 R•¥trlct•d fund• Pènslon Wlge opcc MOD DorneBtlc Abuse Fundlng Help to claim Arrn¥d For¢98 Covonanl Kickstart BEIS Capadty Bulldlng BEIS Innov8don Funding Money Advice & P8nslon Servlce Domestic Abuse & Sexual Violence IPCCI Re3chinu People Together Overcoming Barriérs Ouireach Project5 Household Support Fund Cost ol Living Research Armed Forces Covenant 369,196 24,000 1369,1921 130,1281 16,4831 141 6.128 131 0,487 11.1401 29,250 2,089 131,9721 13,348} 13,868} 1,259 1,121 2,291 122,5351 11,3711 15821 15,6271 13,8791 11.1211 11,4971 {1,26S} 1993) 19181 1.000 17941 23,800 2,364 1.500 4,627 8.333 4.454 5,341 464,365 471,7051 2,SB6 587 Tot•1 of fund• 343,443 939,863 1952,3201 330,986 Page 29
Docusign En¥ÈlopÈ ID." 8459FEF&D34tk48EF-8583-9DE6C15DOA9A RUSHMOOR CITIZENS ADVICE BUREAUX (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 13. Statement of fund¥ Icontinuedl Tha Gener81 Purposes Fund represents Ireg fund5 of the Charity which Are not d8slgnaled for a particular purpostr other than meet the obligaknons set down in th8 reserves policy includad In the Trustees, Annual Report. Pension Wise Fund has be&n recaived lo provide PensSons Guldanca wllhln the area designated to be covered by Ihe Charty. OPCC Fund has been received as part of project to prevent scarns and raise awareness of Hate Crfme. MOD DOMes'C Abuse Fund has been received as part of continualbn of 8 project lo providè a N&palS Speaklng Dorn8Stlc Abuse workar. Help to Claim Fund has been received as part of a natlonal Department for Work and P•nslon$ conlract lo Support clalms to Unlversal Crg¢Jlt to the polnt where the benefit Is In payment. Armed Forces Covenant Fund h88 been received lo provlde Dorne3llc Abuse support an¢J awawne$$. Tht strortfall on this fund is covered by th* MOD Dornestlc Abuse Fund. BEIS Capacity Building Fund ha3 been received to Incre880 ¢ap8diy to rneet addltlonal $6rvic8 d8llv¢ry need8 a8 a result of Covid-19. BEIS Innovotion Fund has been received to flnd naw W8yB to reach vulner8bl& cll•nt$ dlsa¢Jv8nlaged by Covld-19 Impact. Money Advlce & Panslon Sprvlce Fund has b88n ra¢gived increasing capaCY fur Money Advico through training addikn'onal staff. The Domegllc Abuse & Sexual vlolence IPCCI fund 11 reach out lo vulnerable persong ncst currently acce55ing seNces, through oxtonding our Servi to include an out of hours, own languaga and so¢lal media offer. The Tru$toe$ have sel aside an arnount of £50.000 toward5 the new Deputy Chlef Offlcer l Buslness Development role whlch commenced In March 2023. Page 30
Docusign En¥ÈlopÈ ID." 8459FEF&D34tk48EF-8583-9DE6C15DOA9A RUSHMOOR CITIZENS ADVICE BUREAUX (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 13. Statement of lunds Icontlnu•dl Statement of funds- prlor year BAl&nce &t 31 March 2022 8818nce at l Aprll 2021 Transfers in/out Income Expendlture ilnr•strlet•d funds D•slgnatsd fund• Dèslgnated Funds- all fund8 G•n•ral lund• General Purpo88 Fund 352, 199 475, 157 (476,983J (12,291) 338. 102 Total Unr••trICt fund• 352, 799 475, 157 (476,963J 112,291) 338, 102 R••trlet•d funds Pension Wise opcc MOD DomastSc Abuse Funding Help Its cl81rn Amied Forces Covenant 365.066 32,000 (365,539) (40,065) (10,258) (41,310J f29,305J (35,925) (16,977J (8,3341 (40, 1071 473 5,228 2,837 16,745 6,487 41,265 29,250 35,925 17,000 8,333 35,T60 45 (1,091) (1,146) Kl¢kstBrt BEIS Capafyty Byllding BEIS Innovation Funding Monèy Advice & Pension SeTViCO Domestic Abuse & Sexual Violéneè IPCCI Reaching People foyeth8r Overcoming Barriers Outreach Proj8cts Household Support Fund Cost of Living Research ArTned Forces Cov$nant 380 (403) 2,925 4.023 (2,924) 324 45.000 (45,OOQ) 16.271 609.599 (632,82Q) 12,291 5,347 Total of funds 368,4TO 1,084, 756 (7. 109,783) 343,443 Page 31
Docusign En¥ÈlopÈ ID." 8459FEF&D34tk48EF-8583-9DE6C15DOA9A RUSHMOOR CITIZENS ADVICE BUREAUX (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 14. Analysls of nèt ass8ts betWBen fund• Analysls of n•t a¥sets bgtW¢on funds - current ar Unrostricted funds 2023 R•strlct•d funds 2023 Total funds 2023 Tanglble fixed assets Current assets Creditors due vAlhln one year 24.012 453,703 1147,3161 24,012 454,290 1147.3101 587 Total 330,399 587 330,986 Analy•is of net a•*•t• b•tw••n fund• - prlor year Unreslricled runds 2022 Restricted funds 2Q22 Total funds 2022 Tanglbkg flx8d a$s&ts Currant ass8t$ Cre(Illors due th5n one year 17,584 474,382 (153,864) 17,584 511,632 (185, 773) 37,250 (37,909) Tatal 338, 102 5,347 343,443 15. R•eoncSllatlon of n•t rnov•m•nl In tund• to n•t Ilow from operatlng actlvltl•• 2023 2022 N&t axpendilur& for the year la5 per Sl8t8ment of Fln8ncial Actiwliesl {12.4571 (25.027) Adlustm•nts for: Depreciation charges Increase in deblors Decrease in creditors 12,569 11,0581 138.6231 12,383 (1,320J 60,204 N•t cash provided byllujed inl op•ratlng a¢tlvlt105 139,5691 46,240 Page 32
Docusign En¥ÈlopÈ ID." 8459FEF&D34tk48EF-8583-9DE6C15DOA9A RUSHMOOR CITIZENS ADVICE BUREAUX (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 16. An•l>sls of cash and cagh equlval¢nt¥ 2023 2022 Cash in hand 421,614 480,014 Totsl cash and c••h •q4blvalents 421.614 480,014 17. An•18 of change8 In n•t d•bt At l Aprll 2022 At 31 March 2023 Ca•h flow* Cash al bank and In hand 480,014 158.41KII 421,814 4BO,014 158,400} 421,614 18. Grants In klnd Durfng the year the Ch8rlty f¢¢elv8d a grant klnd for tho rant on ttyo $1108, Famborough and Aldorghot. from Rushmoor Borough Councll., the Charity recelved 90% rg11of £52,902 12022.. £52,9D21 incorntr 8gainst the rent expendiiure of £58,780 12022., £58,780). 19. TJx•tlon Ru8hm¢x)r ClJzens Advice Bufeaux has ch8tltable ststus and is exempt from lax on its ineomo and gains to the extent they ar& applied lo lis charitable objects. 20. R•lated partytransactlon• The ChBrity has not enl8r8d Into any related party IrBns¥ction during the year, nor ore there any outstsnding bAl8nc85 owing beMeen related parties and the Charity 8131 M8reh 2023. 21. Post balancè 8h••t evonts Due to thg avallabilty of funding the charity hss r8cognised the need to conslder the 5tructur8 around costs and as suth 8ubsgquent to the year end Siaff w8rè notifi8d of these prop0s81s and potenbal redundanaes. Page 33
Docusign En¥ÈlopÈ ID." 8459FEF&D34tk48EF-8583-9DE6C15DOA9A