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2021-03-31-accounts

REGISTERED COMPANY NUMBER: 04353734 (England and Wales) REGISTERED CHARITY NUMBER: 1092359

CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE

Contents Pages
Report of the trustees……………………………….………
1 - 9
Independent Examiner’s Report……………………….. 10
Statement of Financial Activities……………………….. 11
Cash Flow Statement and notes ……………………… 12
Balance Sheet………………………………………………..… 13
Notes to the Financial Statements ………………..… 14 - 21

Registered Company Number: 04353734 (England and Wales)

Registered Charity Number: 1092359

Registered Office: Canolfan Lafan, 2 Glanrafon, BANGOR, LL57 1LH

Trustees

Peter Evans Chair of the Board Mathew Powell Vice Chair Ian Cuthbertson Treasurer Lesley Day Ifan Llewelyn Jones Very Revd Kathy Jones (resigned 3/6/2021) John Pollard Huw Llwyd Rowlands Lis Crompton (co-opted 24/11/2020) Siôn Hughes (co-opted 9/3/2021) Bethan Williams Price (co-opted 31/3/2021)

President: Betty Williams

Independent Examiner

Barrie Buels, Crestmere Limited Chartered Certified Accountants Unit F1, Intec Ffordd Y Parc, Parc Menai, Bangor, Gwynedd LL57 4FG

Key Management

Tal Michael – Chief Executive and Company Secretary

Bankers

Barclays Bank Plc, 5-7 Bangor Street, Caernarfon, Gwynedd, LL55 1AE Nationwide Building Society, 258 High Street, Bangor, LL57 1RS

The Charity Bank Limited, Fosse House, 182 High Street, Tonbridge, TN9 1BE

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CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE

REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2021

Cyngor ar Bopeth Gwynedd Citizens Advice (CAB Gwynedd) is a registered charity and a company limited by guarantee. It is governed by a board of trustees who are also directors for the purposes of the Companies Act 2006. This is their annual report and the financial statements of the charity for the year ended 31 March 2021.

Objectives and activities

Objectives and aims

The charitable purpose of CAB Gwynedd is “to promote any charitable purpose for the public benefit by the advancement of education, the protection and preservation of health and the relief of poverty, sickness and distress in particular, but without limitation, for the benefit of the community in Gwynedd and surrounding areas”.

The trustees have agreed the following aims:

In pursuing these aims we are focused on ensuring that advice is available when and where Gwynedd people need it and that they are able to access that advice face to face, by telephone or digitally in the way that best meets their needs. Our campaigning involves engaging with government agencies locally and nationally as both can have a significant impact on Gwynedd people and the problems they face.

In furtherance of these aims we seek to secure training and employment opportunities for local people providing bilingual digital advice, usually by phone, email or webchat, across Wales and England.

Our policy is that all staff should, once fully trained, be paid at least the Living Wage as defined by the Living Wage Foundation. From April 2021 this is set at £9.50 per hour.

Significant activities

We provide advice to clients across Gwynedd, usually by phone initially but with face-to-face appointments as required. Due to restrictions to tackle the Covid-19 pandemic our advice was almost exclusively delivered by phone, email, video call and webchat during 2020-21. In total we helped 3,301 clients in 2020-21 (3,993 clients in 2019-20) with 10,313 issues (12,731). We recorded outcomes against 659 of these clients (546 in in 2019-20). For these clients we secured £235k (£285k) debt written off and income gains of £1.9m (£1.7m).

Public benefit

The trustees have paid due regard to the Charity Commission's guidance on public benefit in deciding the activities undertaken during the year. The trustees are satisfied that the information provided in the report and accounts meets the public benefit reporting requirements.

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CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE

REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2021

Grants

The trustees have not made grants in furtherance of the Charity's objectives during 2020-21.

Achievement and performance

Charitable activities – how our activities deliver public benefit

National research indicates that the value of our advice far exceeds the results formally recorded on the casebook system. Using the average outcomes from national research we can say that overall for every £100 invested in CAB Gwynedd, during 2020-21 we delivered:

By helping stop problems occurring or escalating, we reduce the pressure on public services such as health, housing or out-of-work benefits. Total: £786,000

Solving problems improves lives – and this means better wellbeing, participation and productivity for the people we help. Total: £7.8 million

Through our advice, we can increase people’s income. We can help them get debts written-off, take up benefits they’re entitled to or get compensation for problems. Total: £5.3 million

Caution should be exercised in making direct comparisons with previous years for the following reasons:

Financial review

The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

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CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE

REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2021

Financial position

There was an overall surplus for the year of £30,265. The surplus in the previous year was £34,572. These surpluses are primarily the result of uncertainty and delays in recruitment: we did not know whether Citizens Advice would be awarded funding from the Single Advice Fund commencing January 2020 and if we hadn’t, we would have faced a very different financial position. Our initial attempts at recruitment were delayed by the Covid pandemic and by individuals turning down job offers, requesting part-time hours and some individuals leaving after training. However we intend to spend most of this surplus on service delivery in 2021-22 with the rest in 2022-23 and it has enabled recruitment to proceed and much-delayed pay awards to be implemented.

We have continued to deliver Advicelink Cymru in partnership with Citizens Advice charities across North Wales plus Shelter Cymru and SNAP Cymru. Advicelink Cymru is supported by the Welsh Government’s Single Advice Fund.

We have continued to deliver Universal Credit Help to Claim on behalf of the UK Department of Work and Pensions and funding continues in 2021-22.

Principal funding sources

The principal funding sources for the year’s operations were:

Investment policy and objectives

Our policy is that funds not required for current expenditure will be deposited in interestbearing bank accounts with one or more secure and reputable banks in accounts providing access within a reasonable notice period.

Reserves Policy and going concern

The reserves policy (agreed by trustees in October 2018 and reviewed annually): that the charity should hold unrestricted reserves of at least £160,000, based on 4 months anticipated

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CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE

REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2021

running costs. This is consistent with the financial health monitoring regime operated by Citizens Advice nationally, based on guidance from the Charity Commission.

As at 31 March 2021, the charity had unrestricted reserves totalling £226,612. With the above guidance in mind, the board has designated a contingency reserve fund of £160,000 to provide security for the charity in the event of a shortfall in revenues from funders.

The charity’s ability to continue to provide current services is largely dependent on funding from local authorities and government agencies. The funding available for 2021-22 is projected to be £507,909. The financial statements are prepared on a going concern basis based on the risk assessment and cash flow forecasting exercises undertaken.

Looking forward

The trustees are committed to ensuring that the funding available is used in the most effective way possible to meet our charitable objectives, ensuring that CAB Gwynedd remains a going concern. This requires us to ensure that the service offered matches the resources available. We are committed to working with other organisations to improve the effectiveness and efficiency of our operations – our commitment is to securing the advice services which the people of Gwynedd need and deserve not to a particular organisational structure. With this in mind, the Board has agreed to develop a strategic partnership with Cyngor ar Bopeth Cylch Conwy Citizens Advice. Both Trustee Boards see this as an opportunity to share resources, reduce duplication, build on business strengths and negate potential weaknesses and in so doing build a resilient partnership which could invest more resources into a quality front line service that meets the needs of citizens.

The Welsh Language is very important in both counties and working together will mean we are better able to deliver language choice as well as ensuring high quality advice can be accessed in a variety of ways whether it be by phone, video, email or face to face (in line with government guidance on minimising the risk of transmitting Covid-19) in Welsh and English, and also using British Sign Language.

The development comes in light of many discussions with the wider Citizens Advice network and trends across the charitable sector. It will enable us to:

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CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE

REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2021

Structure, governance and management

The charity is a company limited by guarantee established by its Memorandum of Association dated 2001 and governed by Articles of Association which were updated in October 2016. It is registered with the Charity Commission. Anyone over the age of 18 years who is not a paid or volunteer worker of the Charity and any corporate body or unincorporated association interested in furthering the work of the charity, can become a member of the charity. The members each agree to contribute £1 in the event of the charity winding up. There are currently 26 individual members and 2 corporate members.

Organisational structure

CAB Gwynedd is managed by a board of trustees who are ultimately responsible for all aspects of its activities and administration. The Chief Executive is appointed by the trustees to manage the day to day operations of the charity; authority for operational matters including finance and employment has been delegated by the trustees to the Chief Executive. The board meets quarterly and there is an executive committee comprising the chair, vice-chair and treasurer covering management issues which meets more regularly. No trustee receives any remuneration.

The executive committee comprises Peter Evans – Chair, Matthew Powell – Vice Chair, and Ian Cuthbertson – Treasurer. There were no changes during the year.

Wider network

The charity is a member of Citizens Advice (National Association of Citizens Advice Bureaux). Membership of Citizens Advice confers rights and responsibilities. As a condition of membership the charity follows a performance and quality framework consisting of a combination of self-assessment and external checking. The charity agrees to submit itself to periodic audits as is reasonably required and to provide access to Citizens Advice staff or any other person authorised by Citizens Advice. The charity has to ensure that its governing body can demonstrate responsibility, accountability, and compliance with statutory legislation and show that its decisions are based on clear understanding of the relevant issues.

Key management remuneration

The remuneration of paid staff is set by reference to norms in the voluntary sector and in particular other local Citizens Advice offices.

Recruitment, training and appointment of trustees

As set out in the Articles of Association, the maximum number of trustees is 15 and the minimum is 3, being either:

All elected trustees retire from office at the third annual general meeting following their election, but may be re-elected. All co-opted trustees retire from office at the third annual

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CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE

REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2021

general meeting following the meeting of the trustee board at which they were appointed, but may then be re-appointed.

In line with best practice, vacancies for trustees are advertised and applicants are interviewed by a panel. However, any member can nominate an individual to be a trustee by giving notice of their intention to nominate that individual between fourteen days and thirty five days before the AGM.

New trustees undergo an induction session to brief them on their legal obligations under charity and company law, the content of the Memorandum and Articles of Association, the committee and decision making processes, the business plan, and recent financial performance of the charity. During the induction they meet key employees and other trustees. Trustees are encouraged to attend appropriate external events.

Related parties

As stated above Cyngor Ar Bopeth Gwynedd Citizens Advice is a member of Citizens Advice, the operating name of the National Association of Citizens Advice Bureaux, which provides a framework for standards of advice and casework management as well as monitoring progress against these standards. It also provides a secure electronic case management tool which must be used by the charity as a condition of membership. Operating policies are based on national guidance and model procedures where provided, but are independently determined by the trustee board of the charity, in order to fulfil its charitable objects and in compliance with national membership requirements.

The charity also co-operates and liaises with a number of other advisory services, local charities and council departments on behalf of clients. Where one of the trustees holds the position of trustee or director of another charity they may be involved in discussions regarding that other charity but not in the ultimate decision-making process.

Risk management

The trustees have a duty to identify and review risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against e.g. fraud and error.

The trustees recognise that any major risk the charity is exposed to needs to be reviewed and systems put in place to mitigate those risks. To that end the charity has produced a risk register and action plan to address priority risks and set up a framework for the continuous management and monitoring of risks. Systems are in place to mitigate the risks as they are identified. The risk register is regularly reviewed and in response to medium risks improved emergency procedures and contingency plans are developed.

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CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE

REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2021

Statement of trustees’ responsibilities

The trustees (who are also directors of Cyngor ar Bopeth Gwynedd Citizens Advice for the purposes of company law) acknowledge their responsibility for preparing the report of the trustees and the financial statement in accordance with applicable law, and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice GAAP), including Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”.

Company law requires the trustees 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 trustees are required to

The trustees are responsible for ensuring that proper accounting records are kept 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.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 3[rd] November 2021

and signed on its behalf by:

Peter Evans - Trustee, and Chair of the Board

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CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES

I report to the trustees on my examination of the financial statements of Cyngor ar Bopeth Gwynedd Citizens Advice (the charity) for the year ended 31 March 2021.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

  2. the financial statements do not accord with those records; or

  3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come 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 the financial statements to be reached.

Barrie Buels FCCA FCIE Crestmere Limited, Chartered Certified Accountants Unit F1, Intec, Parc Menai, Bangor, LL57 4FG

Signed 3[rd] November 2021

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CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021

Note
Income and Endowments from:
Donations and Legacies
3
Charitable Activities
4
Capital projects
Other - including Fundraising
5
Total Income
Expenditure on:
Charitable Activities
6
Capital Projects
Total Expenditure
Net Income/Expenditure
before transfers
Transfers between funds
Net Movement on Funds for the Year
Reconciliation of Funds:
15
Balances brought forward
Balances Carried Forward		 Unrestricted
Funds
Restricted
Funds
Total
2021
Total
2020
£
£
£
£
529
-
529
375
136,362
390,376
526,739
450,365
-
665
665
429
1,079
-
1,079
1,260
137,971
391,041
529,012
452,429
95,662
403,085
498,747
413,643
-
-
-
4,214
95,662
403,085
498,747
417,857
42,309
(12,043)
30,265
34,572
(12,043)
12,043
-
-
30,265
-
30,265
34,572
196,347
5,405
201,752
167,180
226,612
5,405
232,017
201,752

The statement of financial activities includes all gains and losses in the year. All income and expenditure derive from continuing activities.

The notes on pages 14 - 21 form part of these financial statements.

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CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE

STATEMENT OF CASH FLOWS AT 31 MARCH 2021

Operating activities
Net cash (used in)/provided by operating activities
Interest paid
Investing activities
Investment income
Net cash provided by investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at beginning of the year
Total cash and cash equivalents at end of the year		 2021
2020
£
£
74,986
(36,891)
(158)
(265)
74,828
(37,156)
894
450
894
450
75,722
(36,706)
126,322
163,028
202,044
126,322

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CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE

BALANCE SHEET AT 31 MARCH 2021

Note
Fixed Assets
Tangible fixed assets
12
Current Assets
Debtors
13
Cash at bank and in hand
Liabilities
Creditors - amounts falling
due within one year
14
Net Current Assets
Net Assets
Funds of the Charity
15
Restricted funds
Unrestricted funds
Designated funds		 Unrestricted
Funds
Restricted
Funds
Total
Funds
Total
Funds
31-Mar-21
31-Mar-20
£
£
-
-
-
-
49,292
29,973
79,265
105,252
196,639
5,405
202,044
126,321
245,931
35,378
281,309
231,573
19,319
29,973
49,292
29,821
226,612
5,405
232,017
201,752
226,612
5,405
232,017
201,752
0
5,404
5,404
5,405
66,612
0
66,612
36,347
160,000
0
160,000
160,000
226,612
5,404
232,017
201,752

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statement for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to charitable small companies.

The Trustees acknowledge their responsibilities for:

a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 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.

The financial statements were approved by the board of trustees on 3[rd] November 2021 and signed on its behalf by:

Peter Evans, Trustee & Chair of the Board Ian Cuthbertson, Trustee & Treasurer Cyngor ar Bopeth Gwynedd Citizens Advice Company Registration No. 04353734

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CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

1.1 Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under Financial Reporting Standard 102, have been prepared in accordance with the Charities SORP (FRS102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice, applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015)’, Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The charitable company is not a member of a group and the financial statements cover its activities as an individual entity.

The financial statements are prepared under the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The Trustees consider there are no material uncertainties about the charity’s ability to continue as a going concern.

1.2 Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives of the company at the discretion of the trustees.

Designated funds are unrestricted funds earmarked by the trustees for a particular purpose.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors, or which have been raised by the company for specific purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

1.3 Income

All income is recognised in the Statement of Financial Activities (SOFA) once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Donated services and facilities are included at the value to the charity where this can be quantified and is material. The value of services provided by volunteers has not been included in these accounts.

Voluntary income is received by way of grants (including Government grants), donations and gifts, including gift aid where applicable, and is included in full in the statement of financial activities when receivable. Income from grants, where related to performance and specific deliverables, is accounted for when it is probable that the income will be received and the amount can be measured reliably and is not deferred.

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CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1.4 Expenditure

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates.

Charitable expenditure includes those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. The primary functional activity of the charity is the giving of free and confidential advice to the public. It includes both costs that can be allocated directly to this activity and those costs of an indirect nature necessary to support them. All costs have been allocated to activity cost categories on a basis consistent with the use of resources.

Support costs include all those overhead costs of office accommodation, utility services and other services and costs which support the charity’s activities. Also the costs of meeting the constitutional and statutory requirements of the charity and costs linked to the strategic management of the charity.

1.5 Operating leases and hire purchase agreements

The charity classifies leases of property and printing and telecommunications equipment as operating leases; the title to the property and equipment remains with the lessor. Rental charges are expensed on a straight line basis over the term of the lease.

1.6 Tangible fixed assets and depreciation

Tangible fixed assets for use by the charity are stated at cost or, in cases where fixed assets have been donated, at valuation at time of acquisition, less depreciation. The cost of minor additions or those costing below £500 are not capitalised.

1.7 Transfers between funds

Any restricted funds that over-spent and are in deficit, are supported using core funding by means of a transfer between funds.

1.8 Pension costs and other post-retirement benefits

The charitable company enrols staff in a defined contribution pension scheme. Contributions payable to the charitable company’s pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Differences between contributions payable in the year and contributions paid are shown as either accruals or prepayments in the balance sheet.

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CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations & legacies
3 Donations & legacies Total Total
Unrestricted Restricted 2021 2020
Voluntary income £ £ £ £
Donations 529 - 529 375
529 - 529 375
Donations includes £250 from C K Tools
4 Income from charitable activities Total Total
Unrestricted Restricted 2021 2020
Advice services: £ £ £ £
Cyngor Gwynedd 132,579 - 132,579 132,577
Citizens Advice - 361,786 361,786 282,805
Adra Tai Cyf (prev. CCG) - 15,000 15,000 15,000
Community Foundation Wales - 13,100 13,100
Cyngor Tref Caernarfon 2,500 2,500
Other 1,283 490 1,773 12,123
Betsi Cadwaladr University Health Board - - - 5,360
Capital projects
Pwllheli leasehold improvements - 665 665 429
136,362 391,041 524,903 450,794

Citizens Advice includes funding to support Single Advice funding - Debt/Community Focus, Income Maximisation (Welsh Government), and Help to Claim projects (UK Government).

5
Other income
Rent from hire of rooms
Bank interest
Other income
Total		 Total
Total
Unrestricted
Restricted
2021
2020
£
£
£
£
-
-
-
150
894
-
894
450
186
-
186
660
1,080
-
1,080
1,260

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CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

6 Charitable activities costs

Charitable activities
Direct costs
Support costs (see below)
Total
Support costs
Salaries/management
Other
Governance
Total		 Unrestricted
Restricted
Total
Total
Advice &
Information
Services
Advice &
Information
Services
2021
2020
67,164
255,229
322,393
230,477
28,498
147,856
176,354
187,380
95,662
403,085
498,747
417,857
903
74,703
75,606
89,970
25,684
69,961
95,645
91,427
1,911
3,192
5,103
5,983
28,498
147,856
176,354
187,380

Support costs are allocated based on hours worked in each area.

7 Net income or expenditure for the year

Net income or exenditure for the ear
p y 2021 2020
£ £
This is stated after charging:
Independent Examiner's fee 3,120 3,120
Operating lease costs (buildings) 28,470 37,470
Hire of office equipment 13,416 7,965
Information about trustees, directors and employees
2021 2020
£ £
Wages and salaries 331,775 275,464
Social Security costs 19,736 15,743
Pension costs 12,683 10,182
Total 364,194 301,389

8 Information about trustees, directors and employees

The average number of employees (full time equivalent), analysed by function was:

Chief Officer
Advice & information services
Administration & support
Total		 2021
2020
0.8
0.8
11
9.7
2
1.1
13.8
11.6

No employee received remuneration of more than £60,000.

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CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

The charity considers its key management personnel comprise the trustees and the chief executive. Total emoluments, including pension contributions, of the key management personnel were £39,954 (2020 - £36,603).

9 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year (2020 – £nil).

No expenses were reimbursed to trustees during the year (2020 - £200)

The trustees had indemnity insurance in place throughout the year.

10 Pensions

The charitable company enrols staff in a defined contribution pension scheme administered by Nest under auto-enrolment regulations. The pension cost charge for the year represents contributions payable by the charitable company to the fund and amount to £12,056 (2020: £10,182).

11 Comparatives for the statement of financial activities – previous year

Income and Endowments from:
Donations and legacies
Charitable activities
Capital projects
Other - including fundraising
Total Income
Expenditure on:
Charitable activities
Capital projects
Total expenditure
Net income/expenditure
before transfers
Transfers between funds
Net movement on funds for the year
Reconciliation of funds:
Balances brought forward
Balances carried forward		 Unrestricted
Funds
Restricted
Funds
Total
2020
£
£
£
375
-
375
155,902
294,463
450,365
-
429
429
1,260
-
1,260
157,537
294,892
452,429
92,246
321,397
413,643
-
4,214
4,214
92,246
325,611
417,857
65,291
(30,719)
34,572
(36,124)
36,124
-
-
29,167
5,405
34,572
167,180
-
167,180
196,347
5,405
201,752

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CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

12 Fixed assets

Fixed assets
Improvements to Furniture &
leasehold properties fittings Total
Cost £ £ £
At 1 April 2020 and 31 March 2021
345,858		 44,040 389,898
Depreciation
At 1 April 2020 and 31 March 2021
345,858		 44,040 389,898
Net book value at end 2020 and
2021 - - -

There were no changes to the fixed assets position during the year.

13 Debtors - amounts falling due within Debtors - amounts falling due within one year 2021 2020
£ £
Accrued Income 77,259 104,408
Prepayments 2,006 844
79,265 105,252
14 Creditors - amounts falling due within one year 2021 2020
£ £
Other creditors including tax and social security 6,260 8,338
Accruals 27,752 20,156
Others 15,280 1,327
49,292 29,821
15 Movement in Funds At 1 April Net movement Transfers At 31 March
2020 in funds in funds 2021
Restricted Funds: £ £ £ £
Advice services 5,405 (12,043) 12,043 5,405
5,405 (12,043) 12,043 5,405
Unrestricted Funds:
Designated reserve fund 160,000 - - 160,000
General fund 36,347 42,309 (12,043) 66,612
196,347 42,309 (12,043) 226,612
Total Funds 201,752 30,265 - 232,017

19

CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Transfers between funds: Any restricted funds that have overspent and are in deficit are supported by core funding by means of a transfer between funds.

Analysis of net assets between funds

Current assets
Current liabilities
Net assets		 General
Designated
Restricted
Total
funds
funds
funds
funds
£
£
£
£
115,904
160,000
5,405
281,309
(49,292)
-
-
(49,292)
66,612
160,000
5,405
232,017

Purpose of restricted funds:

Advice services

The total for advice services comprises:

Both are administered through Citizens Advice.

Purpose of designated funds:

Contingency Fund The purpose of the Contingency Fund is to ensure that we are able to cover our obligations in the event of loss of funding.

16 Commitments under operating leases

Minimum lease payments under non-cancellable leases fall due as follows:

Within one year
Between two and five years		 2021
2020
£
£
40,603
39,500
51,246
61,616
91,850
101,116

17 Related Party Transactions

There were related party transactions between Cyngor Ar Bopeth Gwynedd Citizens Advice and Citizens Advice (National Association of Citizens Advice Bureaux) during the year.

The charity paid £10,695 to Citizens Advice in membership fees and to cover the cost of insurance, financial support, and information services.

In addition to receiving grants through Citizens Advice, they also reimbursed travel costs of £100.90 for attending events and/or participating in committees.

No amounts were outstanding at the year end.

20

CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

18 Taxation

The company, being a registered charity with minimal trading income, has been granted exemption from corporation tax under Section 505 of the Income and Corporation Taxes Act 1988. No provision for taxation has therefore been made in these accounts.

19 Going concern

As at 31 March 2021, the charity had unrestricted reserves totalling £226,612. The Board has decided that the charity should hold unrestricted reserves of at least £160,000, based on 4 months anticipated running costs.

Following risk assessments and cash flow exercises undertaken, the Trustees consider it appropriate to prepare the financial statements on a going concern basis.

21