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2023-03-31-accounts

CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE

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

CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE

Contents Pages
Report of the trustees……………………………….………
3 - 8
Independent Examiner’s Report……………………….. 9
Statement of Financial Activities……………………….. 10
Cash Flow Statement ………………………………….…… 11
Balance Sheet………………………………………………..… 11 - 12
Notes to the Financial Statements ………………..… 13 - 19

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 Matthew Powell Vice Chair Ian Cuthbertson Treasurer Bethan Williams Price Huw Llwyd Rowlands Ifan Llewelyn Jones John Pollard Lesley Day Lis Crompton Siôn Hughes

President: Betty Williams (position abolished in line with national guidance 11/11/2022)

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, 273 High Street, Bangor, Gwynedd LL57 1UE

Nationwide Building Society, 258 High Street, Bangor, Gwynedd LL57 1RS

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

CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE

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REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2023

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 2023.

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 2023 this is set at £10.90 per hour.

Significant activities

We provide advice to clients across Gwynedd and beyond, usually by phone initially but with face-to-face appointments as required. With restrictions to tackle the Covid-19 pandemic lifted, we resumed offering face to face advice during 2022-23 but a significant proportion of our service continued to be delivered by phone, email, video call and webchat.

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.

Grants

The trustees have not made grants in furtherance of the Charity's objectives during 2022-23.

CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE

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REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2023

Achievement and performance

Charitable activities

Charitable activities
2022-23 2021-22
Unique clients helped byCAB Gwynedd 7,484 4,776
Unique clients seen face to face 654 223
Issues CAB Gwynedd helped with 26,542 14,980
Clients where outcome was recorded 4,574 798
Clients where an incomegain was recorded 636 363
Total Incomegains £2.89m £1.8m
Total arrears reported byclients £3.35m £3.17m
Clients where debt was written off 30 18
Total value of debt written off £402k £261k

However, the recorded outcomes represent only a small fraction of the impact of our work as we do not have the resources to follow up with every client until their issue has been resolved. 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 and comparing this with the number of clients we helped with different issues, we can estimate that overall for every £100 invested in CAB Gwynedd, during 2022-23 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: £2.3 million (£1.9 million)

• £2,872 in wider economic and social benefits (public value) (£2,276)

Solving problems improves lives – and this means better wellbeing, participation and productivity for the people we help. Total: £20.1 million (£13.2 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: £14.5 million (£8.4 million)

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).

CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE

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REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2023

Financial position

There was an overall deficit for the year of £25,877. The deficit in the previous year was £23,468. As reported in previous accounts, it was our intention to spend most of the surplus generated in 2020-21 on service delivery in 2021-22 and 2022-23 which was achieved.

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. Our funding for and contribution to this service doubled in 2022-23, which has had a significant impact on various of the statistics outlined above.

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 February 2022 is to hold unrestricted reserves of £190,000. For 2022-23 this was expected to provide at least 3 months running costs. The policy was reviewed by the Board in May 2023. Notwithstanding the increase in turnover, the Board agreed to maintain the same policy on the basis that the increase in funding was to a

CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE

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REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2023

large extent temporary. As at 31 March 2023, the charity had unrestricted reserves totalling £182,673. Based on the above policy, the board has designated a contingency reserve fund of £190,000 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 2023-24 is projected to be over £1m. 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, together with the five other Citizens Advice charities in North Wales we have established a formal consortium, which has been registered with Companies House and will be an associate member of Citizens Advice and registered with the Charity Commission.

Structure, governance and management

CAB Gwynedd is a company limited by guarantee established by its Memorandum of Association dated 2001 and governed by Articles of Association which were updated in November 2022 based on model articles agreed between the Charity Commission and Citizens Advice. 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 £10 in the event of the charity winding up. During 2022-23 there were 26 individual members and 2 corporate members.

Organisational structure

CAB Gwynedd is managed by a board of trustees (directors) 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 of four members covering management issues which meets more regularly. No trustee receives any remuneration.

The Executive Committee comprised Peter Evans (Chair), Matthew Powell (Vice Chair) and Ian Cuthbertson (Treasurer). In April 2023 they were joined by Siôn Hughes.

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

CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE

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REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2023

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. The Board has sought to follow the local government pay scheme insofar as this is affordable within available resources.

Recruitment, training and appointment of trustees

As set out in the Articles of Association, the maximum number of trustees is fifteen and there are currently ten. 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, CAB Gwynedd is a member of Citizens Advice, 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 is used by the charity. 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 a position in a related organisation they may be involved in discussions regarding that organisation 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

CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE

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REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2023

identified. The risk register is regularly reviewed and in response to medium risks improved emergency procedures and contingency plans are developed.

Statement of trustees’ responsibilities

The trustees (who are also directors of CAB Gwynedd 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 31[st] October 2023

and signed on its behalf by:

Peter Evans - Trustee, and Chair of the Board

CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE

Page 9

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 2023.

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:

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: 24 October 2023

CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE

Page 10

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE REPORT) FOR THE YEAR ENDED 31 MARCH 2023

Note
Income and Endownments from:
Donations and Legacies
2
Charitable Activities
3
Other
4
Total Income
Expenditure on:
Charitable Activities
5
Total Expenditure
Net Income/(Expenditure)
for the financial year
Transfers between Funds
14
Net Movement in Funds
Reconciliation of Funds:
Total funds brought forward
Total funds Carried Forward 14		 Unrestricted
Funds
Restricted
Funds
Total Funds
2023
Total Funds
2022
£
£
£
£
22,551
0
22,551
8,315
138,462
619,721
758,183
642,176
5,447
0
5,447
2,235
166,460
619,721
786,181
652,726
131,503
680,555
812,058
676,194
131,503
680,555
812,058
676,194
34,957
(60,834)
(25,877)
(23,468)
(60,834)
60,834
-
-
(25,877)
-
(25,877)
(23,468)
208,549
-
208,549
232,017
182,672
-
182,672
208,549

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 13 - 19 form part of these financial statements.

CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE

Page 11

STATEMENT OF CASH FLOWS AT 31 MARCH 2023

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
BALANCE SHEET AT 31 MARCH 2023		 2023
2022
£
£
(26,412)
34,035
(268)
(189)
(26,680)
33,846
1,758
452
1,758
452
(24,922)
34,298
236,342
202,044
211,420
236,342
Note
Current Assets
Debtors
11
Cash
Liabilities
Creditors - amounts falling due
within one year
12
Net Current Assets
Net Assets
Funds of the Charity
13
Restricted funds
Unrestricted funds
Designated funds		 Total Funds
31 March 2023
Total Funds
31 March 2022
£
£
52,321
14,166
211,421
236,342
263,742
250,508
81,069
41,959
182,673
208,549
182,673
208,549
-
-
-
18,549
182,673
190,000
182,673
208,549

CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE

Page 12

BALANCE SHEET AT 31 MARCH 2023 – continued

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statement for the year ended 31 March 2023 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

and signed on its behalf by:

Peter Evans, Trustee & Chair of the Board

Ian Cuthbertson, Trustee & Treasurer

CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE

Page 13

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

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 2019)’, 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 and 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 except that 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 it is not deferred.

CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE

Page 14

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

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 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.

CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE

Page 15

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

2
Donations & Legacies
Voluntary Income
Donations		 Total
Total
Unrestricted
Restricted
2023
2022
£
£
£
£
22,551
-
22,551
8,315
22,551
0
22,551
8,315

2021/22 Donations included £250 from C K Tools, and £7,500 from the late Miss LM Hughes (all Unrestricted).

2022/23 Donations include an annual donation from CK Tools of £250, and £22,191 from the late Miss LM Hughes.

3 Income from Charitable Activities Total Total
Unrestricted Restricted 2023 2022
Advice Services: £ £ £ £
Cyngor Gwynedd 138,332 40,000 178,332 166,303
Citizens Advice* 456,911 456,911 418,077
Adra Tai Cyf (prev. CCG) - 15,000 15,000 15,000
Other 130 4,643 4,773 2,500
Banc Bwyd Arfon - 18,182 18,182 12,000
Energy funds** - 84,985 84,985 28,296
138,462 619,721 758,183 642,176

Of the 2022 total £642,176, Unrestricted total was £168,803 and Restricted total was £473,373.

*Citizens Advice includes Single Advice funding (Specialist Debt, Community Focus, Claim What's Yours and Care Leavers projects) and Help to Claim

4
Other Income
Bank Interest
Other Income
Total		 Total
Total
Unrestricted
Restricted
2023
2022
£
£
£
£
1,758
-
1,758
452
3,689
-
3,689
1,784
5,447
-
5,447
2,236

The 2022 total of £2,236 was all Unrestricted.

CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE

Page 16

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

5 Charitable Activities Costs Total Total
Unrestricted Restricted 2023 2022
Advice & Advice &
Information Information
Charitable activities Services Services
Direct Costs 88,979 474,789 563,769 421,483
Support costs (see below) 42,524 205,766 248,289 254,711
Total 131,503 680,555 812,058 676,194
Support costs
Salaries/management 19,653 106,398 126,050 143,996
Governance 896 2,528 3,424 2,406
Other 21,975 96,840 118,815 108,309
Total 42,524 205,766 248,289 254,711

Support costs are shared overhead costs, shared on the basis of staff FTEs.

Of the 2022 total of £676,194, Unrestricted total was £137,248, and the Restricted total was £538,946

6 Net Income or Expenditure for the year

Net Income or Expenditure for the year
2023 2022
This is stated after charging: £ £
Independent Examiner's fee 1,320 1,320
Operating lease costs (buildings) 36,894 37,470
Hire of office equipment 9,526 12,133

7 Information about Trustees, Directors and Employees

Information about Trustees, Directors and Employees
2023 2022
£ £
Wages and salaries 618,315 425,033
Social Security costs 37,258 32,087
Pension costs 22,836 17,563
Total 678,409 474,683
The average number of FTE employees, analysed by function was:
2023 2022
Chief Officer 0.9 1.0
Advice & Information Services 21.6 13.6
Admin. & Support 2.5 2.7
Total 25.0 17.3

CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE

Page 17

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

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

The charity considers its key management personnel comprise the trustees and the chief executive. Total emoluments, including pension contributions and Employer’s NI, of the key management personnel were £49,583 (2022 - £46,926).

8 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year (2022 – £nil).

Expenses were reimbursed to trustees during the year totalling £47 (2022 £nil)

The trustees had indemnity insurance in place throughout the year.

9 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 £22,836 (2022: £17,563).

10 Comparatives for the statement of financial activities – previous year

Income and Endowments from:
Donations and Legacies
Charitable Activities
Other - including Fundraising
Total Income
Resources expended
Charitable activities
Total resources expended
Net Income/(Expenditure) for the financial year
Transfers between funds
Net movements in Funds
Reconciliation of Funds:
Total funds brought forward
Total Funds carried forward		 Unrestricted
Funds
Restricted
Funds
Total Funds
2022
£
£
£
8,315
-
8,315
168,803
473,373
642,176
2,235
-
2,235
179,353
473,373
652,726
137,248
538,946
676,194
137,248
538,946
676,194
42,105
(65,573)
(23,468)
(60,168)
60,168
(18,063)
(5,405)
(23,468)
226,612
5,405
232,017
208,549
-
208,549

CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE

Page 18

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

11
Fixed assets
Improvements to
Furniture
leasehold properties
& fittings
Total
Cost
£
£
£
At 1 April 2021 and 31 March 2022
345,858
44,040
389,898
Depreciation
At 1 April 2021 and 31 March 2022
345,858
44,040
389,898
Net book value at end 2021 and 2022
-
-
-
There were no changes to the fixed assets position during the year.
12
Debtors - amounts falling due within one year
2023
2022
£
£
Accrued Income
46,563
8,827
Prepayments
4,686
4,647
Trade Debtors
1,072
692
52,321
14,166
13
Creditors - amounts falling due within one year
2023
2022
£
£
Accounts payable
1,362
434
Other creditors including tax and social security
18,098
8,217
Accruals and Deferred Income
57,400
27,447
Others
4,210
5,861
81,070
41,959
14
Movement in Funds
Net
At 1 April
movement
Transfers At 31 March
2022
in funds
in funds
2023
£
£
£
£
Restricted Funds:
Advice services
-
(60,833)
60,833
-
-
(60,833)
60,833
-
Unrestricted Funds:
Designated reserve fund
190,000
-
(7,328)
182,673
General fund
18,549
34,957
(53,506)
-
208,549
34,957
(60,833)
182,673
Total Funds
208,549
(25,877)
-
182,673		 11
Fixed assets
Improvements to
Furniture
leasehold properties
& fittings
Total
Cost
£
£
£
At 1 April 2021 and 31 March 2022
345,858
44,040
389,898
Depreciation
At 1 April 2021 and 31 March 2022
345,858
44,040
389,898
Net book value at end 2021 and 2022
-
-
-
There were no changes to the fixed assets position during the year.
12
Debtors - amounts falling due within one year
2023
2022
£
£
Accrued Income
46,563
8,827
Prepayments
4,686
4,647
Trade Debtors
1,072
692
52,321
14,166
13
Creditors - amounts falling due within one year
2023
2022
£
£
Accounts payable
1,362
434
Other creditors including tax and social security
18,098
8,217
Accruals and Deferred Income
57,400
27,447
Others
4,210
5,861
81,070
41,959
14
Movement in Funds
Net
At 1 April
movement
Transfers At 31 March
2022
in funds
in funds
2023
£
£
£
£
Restricted Funds:
Advice services
-
(60,833)
60,833
-
-
(60,833)
60,833
-
Unrestricted Funds:
Designated reserve fund
190,000
-
(7,328)
182,673
General fund
18,549
34,957
(53,506)
-
208,549
34,957
(60,833)
182,673
Total Funds
208,549
(25,877)
-
182,673		 11
Fixed assets
Improvements to
Furniture
leasehold properties
& fittings
Total
Cost
£
£
£
At 1 April 2021 and 31 March 2022
345,858
44,040
389,898
Depreciation
At 1 April 2021 and 31 March 2022
345,858
44,040
389,898
Net book value at end 2021 and 2022
-
-
-
There were no changes to the fixed assets position during the year.
12
Debtors - amounts falling due within one year
2023
2022
£
£
Accrued Income
46,563
8,827
Prepayments
4,686
4,647
Trade Debtors
1,072
692
52,321
14,166
13
Creditors - amounts falling due within one year
2023
2022
£
£
Accounts payable
1,362
434
Other creditors including tax and social security
18,098
8,217
Accruals and Deferred Income
57,400
27,447
Others
4,210
5,861
81,070
41,959
14
Movement in Funds
Net
At 1 April
movement
Transfers At 31 March
2022
in funds
in funds
2023
£
£
£
£
Restricted Funds:
Advice services
-
(60,833)
60,833
-
-
(60,833)
60,833
-
Unrestricted Funds:
Designated reserve fund
190,000
-
(7,328)
182,673
General fund
18,549
34,957
(53,506)
-
208,549
34,957
(60,833)
182,673
Total Funds
208,549
(25,877)
-
182,673
52,321
14,166
2023
2022
£
£
1,362
434
18,098
8,217
57,400
27,447
4,210
5,861
81,070
41,959
Transfers At 31 March
in funds
2023
£
£
60,833
-
-
(60,833)		 60,833
-
190,000
-
18,549
34,957		 (7,328)
182,673
(53,506)
-
208,549
34,957		 (60,833)
182,673
208,549
(25,877)		 -
182,673

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.

CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE

Page 19

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

Purpose of restricted funds:

Advice services

The total for advice services comprises:

Both are administered through Citizens Advice.

15 Commitments under operating leases

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

Operating Leases

Operating Leases
Within one year
Between two and five years		 2023
2022
£
£
44,182
26,780
82,107
51,247
126,289
78,027

16 Related Party Transactions

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

The charity paid £11,113 to Citizens Advice in membership fees (2022: £12,375) and to cover the cost of insurance, financial support, and information services.

No amounts were outstanding at the year end.

17 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.

18 Going concern

As at 31 March 2023, the charity had unrestricted reserves totalling £182,673. The Board has decided that the charity should aim to have unrestricted reserves of £190,000 and actions to achieve this level of reserves are underway.

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