REGISTERED COMPANY NUMBEI R: 04349637 (Englxnd and Wales) RLGISTEI REI D CHARITY NUMBfR: J092972 REPORT OF THE TRUSTEEI S AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR EI NDED 31 MARCH 2024 FOR PREI STON AND DISTRICT CITIZENS ADVICE BURE< AU Miller Roskell Liinited 17 Victoria Road East Thorntoii Cleveleys Lancashire FY5 5HT
PRfsTON AND DISTRICT CITIZENS ADVICE BUREI AU CONTENTS Ofi THE FINANCIAL STATFMENTS FOR THE YEI AR ENDED 31 MARCH 2024 Page Report of the Trustees Independent Examiiiei s Report Statement of Financial Activities Balance Sheet Notes to tlie Financial Statevnents 10 to 18
PRF.STON AND DISTRICT CITIZENS ADVICE BUIIEAU (REI GISTEIILI D NUMBER: 04349637) REI PORT OF THE TRUSTEI ES FOR THE YEI AR E]YDED 31 MARCH 2024 The trustees who al'e also directors of the charity for the purposes of the Coinpanies Act 2006, pi'esenl their i'epoit with the financial stateinents of the charity foi- the year ended 31 Mai'ch 2024. The ti'ustees liave adopted tlie pi'ovisions of Accountii)g and Repoiting by Charities: Staleinent of Recoininended Pi'actice applicable to cliarities prepai'iiig theii- accouIils in accordance with tlie Financial Repoi'ting Slandai-d applicable in the UK and Republic of Ireland (FRS 102) (effective l Januai'y 2019). OBJECTIVEI S AND ACTIVITIES Oui. aims ai'¢'. -To provide the advice people need foi. the pi'obleins they face. -To improve the policies and pi'actices that affect people's lives. We pi'ovide free, confidential, indepeiident advice to lielp people ovei'come their probleins. We al-e a voice foi- our client5 and consuinei's on tlie issues tliat mattel. to thein. We value diversity, cli8inpion equality, and challenge disci'iinination <ind hai'assinent To Ineet these aiins we delivei. a range of advice and inforination sei'vices dii'ect to the public across the city. Pi'eston & Disti'ict Citizens Advice Bureau strives to pi'ovide individuals and coininunities with opportunities to achieve theii. full potential by providing accessible quality sei'vices, which alleviate poveity aiid inequality. The Charity is coininitted to i'elieving injustice and creating an environinent which values clients, staff and volunteers. Pi'eston & Districts Citizens Advice Biii'eau aii)Is to pi'ovide tlie advice people need for the pi'obleins they face aiid to iinprove the policies and practices that affect people'5 lives. We are a local Chai'ity and Coinpany liinited by guai'antee serving the local coinmunities of Preston & Distt'ict. We beloiig to the lai-ge5t Inulti-geiiei'ic advice-giving network in the countty. We al'e independent and pi'ovide fi'ee, confidential iinpaitial advice to everyone regardless of l'ace, gender, sexuality, I'eligion, sexual orientation oi. disability. We aiiii to give local people a service, wliicli iiieets local needs, and which is flexible. and deinand di'iven. We aim to iinderstanding parlnei-s, goals and deii)onsti'ate effeclive and efficieiit use of i'esoui'ces. The Ti'ustees Ineet at least foiir tiiiies pei- yeai. plus the Annual General Meeting to inanage the affaii's of the Cliarity. When reqiiii'ed an Executive Boai'd ineet with regard to Finance and Pei'sonnel, i'epoi'ting to the inaiii Trustees, Ineeting. Ms Saiiiia Abrar and Ms Rayhana Hafejee, the Joint Cliief Officers, are responsible foi. the daily i'unning of the Charity- The Charity's woi'k is cai-ried out at its principal office at tlie Town Hall Aniiexe, Birley Sti-eet, Pi'eston PRI 2QE by paid einployees assisted by voluiiteei's who give genei'ously of their tiine. Page I
PRESTON AND DISTRICT CITIZEI NS ADVICE BUREAU (REI GISTEREI D NUMBER: 04349637) REPORT OF THE TRUSTE< IS FOR THE YEI AR ENDED 31 MARCH 2024 ACHIEVEMENT AND PERFORMANCE Charitable aetivitie5 Paid and volunteer staff uiiderlakes the Chai'ity's woi'k. Tlie Advisers undei'take a high quality-training prograinime. The geiiei'alist advice sei'vice provides iiidividuals with information. advice and assistance in all ai'eas including debt, housing, iininigi'ation and nationality, einployinent, welfare benefits, relationship breakdown, consuinei., health, education and financial Inanageinent. A case Inanageinent system (CASEBOOK) and other software including QB Welfai'e Benefits calculation package suppoit the Charity. The Chai'ity has again Inanaged its resources with prudence to pi'ovide the coinmunity with a wide range of advice and infoi'ination sei'vices at genei'alist and specialist levels and has secui'ed extei'nal fiinding to enhance the col'e sei'vices. Bureau services are available f5ve days per week. This year the bureau geneizlist and specialist advice sei'vices have delivered telephone and webchat services and have taken the opporlllnities working with local paitnei's to resuine face to face services through outi'each sessions held at host sites in coininunity venues. Tlie Money Advice and Pensions Sei'vice, National WHO Enei'gy Advice Pi-ogi'ainine, Cadent Fund and British Gas Energy Trust provide funding for debt advice and eiiei-gy efficiency advice. The Moiiey Advice and Fuel Poverty teams have been proactive in developing 5b.oiig paitnei'ships and links with the Lancashii'e Council, statutory and Voluntary oi'ganisations and the Council lax I'ecovery Teain and good woi'king pi'actices are iIi place to enable clients, pi'obleins to be dealt effectively and expediently. Funding fi'oin Macmillan Fund is to support cancel- patients and their fainilies who face financial and other issues; nding froin Yorkshire Building Society and UCLAN support our generalist advice sei'vices The Charity's Biisiness and Developinent Plaii covei's the period 2024 to 2027. The overriding principle of the plan is to ensure services al'e accessible to all. Partnership woi'king is one of the Inain priorities and the Chai'ity actively 5UPPOI'ts local working with paitnei's, froin coininunity, statutoiy and voluntai'y sectors. Volllnteei. i'ecruitment is ongoing with ti'aining being another key prioi'ity. We woi'k with our national oi-ganisation to answer out of ai'ea ca115 thi'ough the national helpline Adviceline, Help to Claiin project and tlie Debt Helpline. Staff and volunteei's have adapted quickly to continue giving advice. We Inaintain business continuity with a coiiibination of office aiid home workiiig. The challenges are oppoitunities. tiine to reflect and I'eview how we respond to clianging needs of our clients, sei'vices, and staff. Page 2
PRfi STON AND DISTRICT CITIZENS ADVICE BUIIEI AU (REI GISTERLI D NUMBER: 04349637) REI PORT OF THE TRUSTEI ES FOR THE YEI AR ENDED 31 MARCH 2024 FINANCIAL REI VIEW Principal fundiiig Sources Detai15 of incoine and expenditure foi- the pei'iod al'e shown in tlie Stateinent of Financial Activities. The Cliai'ity receives a coiiti'ibiition to its core activities and help iii kiiid fi'oin Britisli Gas Trust Fund, Mcmillan trust Fund, Cadeiit and Yorkshii'e Building Society and i'eceives restricted funding froin the MaPS Mainsti-eain Debt Advice to pi'ovide support foi. specialist face to face money advice. Funds I'eceived fi-oin the MaPS Debt Advice Pi'ojects al-e restt'icted foi. use in the staffing and running of the designated specialist services and al'e not Used foi. any othei- purpose. Fundkng froin tlie British Ga5 Energy Trust Fund is i'esti'icted foi. the use in staffing and running costs to pi'ovide debt advice, coinplete Ti'ust Fund applications and provide energy efficiency advice service and al'e not used for any other purpose. The Project and Exit Fund's aiin is to meet iininediate operational needs and is invested to achieve the inaximuin i'ettirn for an acceptable level of risk. As a registei'ed ehai'ity the Bureau only Inakes authoi'ised investineiits. As at the yeai'_end date the Trustees Considered that tliei'e were no llds available to invest. The Charity's iiivestinents are reviewed at least every twelve Inoiiths. Reserves policy It is the policy of the Charity that uni-estt'icted ndS which have not been designated foi- a specific use should be maintained at a level equivalent to thi'ee Inonth's expenditui'e. The ti-ustees considei. that i'eserves at this level will ensure that, in the event of a sigiiificant di'op in funding, they will be able to continue the Bureau's cu11.ent activities while consideration is given to way5 in which additional funds may be raised. FUTURE DEVELOPMENT The Charity is awai'e that it must continue to strengthen funding of its core services to be able to bid foi. exteimal monies. The Charity is also aware that i'egional aiid national funding agencies view consortium bids inoi'e favourably. Partnership work and consoitiuin bids will be developed with Citizens Advice Bureaux in the Lancashii'e area as well as in paitnei'ship with othei- local organisation5. Broadeiiing the sei'vices, we offer and how we deliver these sei'vices is one of oui. pi'iine objectives over the next year. To this eiid, it is recognised that oiir aiin is to iinpi-ove accessibility to the sei'vice using infoi'ination technology includiiig telephone pi'ovision and web chat and to develop diffei'ent Inethods of access. The Chai'ily is coiitinually aiining to develop new pi-ojects to pi'omote the concept of 'access for all,. STRUCTURE, GOVERNANCE AND MANAGEME< NT Governing documeiit The chai'ity is coiili'olled by its governing document, a deed of tt'ust, and constitutes a liii)ited coinpany, liinited by gu¢ll'aiitee, as defined by the Coinpanies Act 2006. It is registei'ed as a chai'ity undei. Chai'ity Coininission iiuinber 1092972. Tlie Dii'ectoi's of the coinpany are also chai'ity trustees for the purpose5 of chai'ity law aiid under the coinpany's aiticles known as manageinent coi))Inittee Ineiiibers. Reci'uitnient and appointment of neiv trustees Tlie Boai'd Meinbei's apait froin one Trustee, who Inust be noiniiiated by Pi'eston City Coiincil, appoint the Trustees, who are also all Dii'ectois of the company. Re-appointinent of Triistees is provided foi. undei. the noi'inal Conipanies Act i'ules on an annual basis al the Chai'ity's Aniiual Gene171 Meeting. The Ti'ustee Boai'd al'e iiiindful when appointii)g new Ti'ustees of the skills aiid abilities i-equii'ed to I'un the Chai'ity effectively. Following initial discussions with the Cliair about tlie natui'e and pui-pose of the Cl)ai'ity potential iiew Ti'ustees are iioiniiiated to tlie Ti'llstee Boai'd aiid duly elected to Ilie boai'd. Page 3
PRfi.STON AND DISTRICT CITIZEI NS ADVICE BUIIEAU (REI GISTERCI D NUMBER: 04349637) REI PORT OF THE TRUSTEI ES FOR THE YEAR ETr4DED 31 MARCH 2024 STRUCTURE, GOVERNANCE AND MANAGEME< NT Induction kiiid traiiiing of iiew trustees At the tiine of theii. appointinent new l-ru5tees al'e provided with a pack of infoiiT]ation incliidiiig copies of the Charity's foi'inal docuineiits and latest fiiiancial infoi'ination, togethei- with copies of perliiient literatiii'e fi'om the Charities Coiminission. The New Trustee Iiiduction pack is provided by the Charity's national organisation. Rislc tnanagement The Chai'ity lias an annual budget approved by the Trustees. There is a I'egulai. considei'atioii of the financial results by the Trustees including the I'eview of variances fi-om budget and coinparison with benchinai'ks. The appi'opriate segi-egation of duties and delegation of authority has been put into place and there is a i'egular considei'ation of new risks facing the charity and the steps needed to deal with these. The Ti'ustees have assessed the Inajor i'isks, to which the charity is exposed, in pai'ticular those related to the operation and finance of the Charity, to enslli'e that systeins are in place to initigate exposui'e to those i'isks. REFFRENCE AND ADMINISTRATIVE DETAILS Registei'ed Company number 04349637 (England and Wales) Registered Chai'ity number 1092972 Registei'ed office Town Hall Annexe Bii-ley Stt-eet Preston Lancashire PRI 2QE Trustees Trustees and Dii-ectors The following al'e both Ti'ustees and Directors.. Mr P Woodbuin - Chair Mi. W Shannon- Vice Chaii" The following al'e Ti'iistees: Mi's J Mooi'e Elected Meinbei. Mr P Ci-owe Elected Meinbei. Mi's J M Peai'son Elected Meinber Mi's S Piggott Elected Meinbei. Monalisa Odibo Elected Meinber - resigned 14.11.2023 Ms J 13ai'kei' _ Repi'esentalive LCC Welfai-e Rights Office Clli- E Atkiiis- Repi-esentative Pi-e5ton City Council Bureau Representative Mr M Bi'adley Page 4
PRESTON AND DISTRICT CITIZENS ADVICE BUREAU REPORT OF THE TRUSTfi ES FOR THE YEAR 11 Tr4DED 31 MARCH 2024 REFERFNCE AND ADMINISTRATIVE DETAILS Company Secretary MTS J M Pearson Independent E<xaminer D. Miller FCCA Miller Roskell Liinited 17 Victoi'ia Road East Thornton Cleveleys Lancashii'e FYS 5HT PUBLIC BENEFIT All the funds i'eceived by the Chai'ity e used in providing services mentioned in our objects and activities for the benefit of the cominunities of Preston and District. Pi'eston & Distt'ict Citizens Advice Bui'eau is a inember of 'Citizens Advice,, network of independent UIC chai-ities that helps people resolve thell. Inoney. legal and othei- pi'oblems by pi'oviding infortnation and advice and by influencing policyinalcers. It woi'ks entirely in the public interest. The Ti'ustees of Preston & Distt'ict Citizens Advice Bureau believe they have complied with the duty in section 4 of the Charities Act 2006 to have due regai'd to the public benefit guidance published by the Charity Commission. This report has been pi'epared in accordance with the special provisions of Part 15 of the Companies Act 2006 Irlating to sinall companies. This report has been prepared in accordance with the special provisions of Part 15 of the Coinpanies Act 2006 I'elating to small coinpanies. Approved by ordei. of the board of trustees on ................-..-...-...-...........-..... and signed on its behalf by: Woodburn - Trustee Page 5
INDLI PE4 NDEI NT EXAMINEI R'S REI PORT TO THE TRUSTEI ES OF PREI STOIY AND DISTRICT CITIZENS ADVICE BUREAU liidependent exainincr'5 repoi't to the tl'llStee5 of Preston And District Citi£ens Advicc Ilui'eAu ('tlie Comi)any') l i'epoit to tlie chai'ily Ii'ustees on Iny ex¢iiniiiation of the accouiit5 of the Coinpany foi. tlie yeai. ended 31 Mai'ch 2024. Responsibilities And basis ol report As the charity's ti'ustees of the Coinpany (and also its directoi's foi. the purposes of coinpaiiy law) you al-e i'esponsible for the prepai'ation of the accouiit5 in accordaiice with the i'equii'einents of the Coinp¢inies Act 2006 ('tlie 2006 Act,). Having satisfied myself that the accounts of the Coinpany are not i'equired to be audited under Part 16 of tlie 2006 Act and are eligible for independent examination, l i'eport in i'espect of Iny examinatioii of youi. charity's accounts as carried out under Section 145 of the Chai-ities Act 2011 {'Ihe 201 l Act,). In cai'iying out Iny examination I have followed the Dii'ections given by the Charity Coininission under Section 145(5) (b) of the 201 l Act. Independent examiiier's statement Since your charity's gross incoine exceeded £250.000 youl- exaininei. must be a ineiMbei' of a listed body. I can confiiin that l ain qualified to undei'lake the exainination because I am a meinb¢r of the Association of ChaL'tered Cei'lified Accountants, which is one of the listed bodies. I have eoinpleted Iny exai)iiiiation. I confirin that no mattels have come to Iny attention in connection with the exaininatioii giving ine cause to believe: accounting i-ecoi'd5 were not kept in i'espect of the Coinpany as I'equii'ed by Section 386 of the 2006 Act- or the accounts do not accord with those recoi'ds. or the accounts do not coiiiply with the accounting requireillenls of Section 396 of the 2006 Act otliei. than any reqllireineiit that the accoiiiils give a ti'ue and fair view wliich 15 liot a Inaltei- considered as part of an independent exainination. oi. the accounts have not been pi'epared in accoi'dance with tlie Inethods and pi'inciples of the Stateinent of Recoinmended Practice foi. accoiinting and i'epoi'tiiig by charities (applicable to charities pi'eparing their accouiits in accoi'dance with the Finaiicial Repoiting Standard applicable in the UK and Republic of Ii'elaiid (FRS 102)). I have no concerns and have come aci'oss no other Inatters in connection with the exaininatioii to which attention should be drawn in this i'epoit in ordei. to enable a pi'oper understaiiding of the accounts to be l'eached. D. Miller fccA The Association of Chaitei'ed Cei'tified Accountants Millei. Roskell Liiniled 17 Victoi-ia Road Fast Thoiiiton Cleveleys Lancashii'e FY5 5HT Date- Page 6
PIIEI STON AND DRSTIIICT CITIZENS ADVICE IJUREAU STATEMENT OF f<INANCIAL ACTIVITIE4 S FOR THE YEI AR ENDF.D 31 MARCH 2024 3113124 Total funds 3113123 Total funds Unrestricted funds Resti'icted nds Notes INCOME AND ENDOWMEI Tr4TS FROM Chai'itable activities Generalist Moiiey advice British Gas Enei'gy Ti'ust United Utilities LCC Fuel Departtnent Yoi-kshire Building Society Cadent Macmillaii 164,002 164,002 47,196 94,800 41,083 53,372 116,325 13,124 22,917 9,000 47,196 94,800 18,900 18,900 39,000 26,277 39,000 26,277 Othei. incoine 6,350 6,350 Total 235,629 160,896 396,525 255,821 EXPEI NDITURE ON Cliaritable activitie5 Generalist Money advice Equipinent British Gas Energy Trust United Utilities LCC Fuel Department Yorkshii'e Buildiiig Society Cadeiit Macmillan 42,801 42,801 47,196 66 94,800 38,077 53,372 89 116,325 13,124 22,917 9,000 47,196 66 94,800 18,900 18,900 39,000 26,277 39,000 26.277 Total 108,144 160,896 269,040 252,904 NCIT INCOME 127,485 127,485 2,917 RECONCILIATION OF FUNDS Total funds bi'ought forward 139,848 139,848 136,931 TOTAL FUNDS CARRIED FORWARD 267,333 267,333 139,848 The notes foi'in parl of these financial stateinents Page 7
PRESTON AND DISTRICT CITIZEI NS ADVICE BUREI AU (IIEGISTEI RED NUMBEI R: 04349637) BALANCE SHEI Ei T 31 MARCH 2024 3113124 3113123 Notes FIXED ASSETS Tangible assets 200 266 CURRII NT ASSETS Debtors Cash at bank 76,872 289,382 1,358 192,663 366,254 194,021 CREDITORS Ainounts falling due within one year (99,121) (54,439) NET CURRENT ASSETS 267,133 139.582 TOTAL ASSETS LEI SS CURRENT LIABILITIES 267,333 139,848 NET ASSETS 267,333 139,848 FUNDS Uni'esti'icled funds.. Genei'alist Equipinent Redundancy Pi'oject Exit Relocation Fund 46,133 200 46,000 75,000 i 00,000 41,379 266 33,203 65,000 267,333 139,848 TOTAL FUNDS 267,333 139,848 The chai'ilable coinpany is entitled to exemption fi'oin audit undei. Section 477 of the Companies Act 2006 foi. the yeai. ended 31 March 2024. The ineinbei's have not i'equii'ed the coinpany to obtain an audit of its financial stateinents for the yeai. ended 31 Mai'ch 2024 in aceoi'dance with Sectioii 476 of the Coiiipanies Act 2006. The ti'ustees acknowledge their I'esponsibilities for (a) ensui-ing that the chai'itable coinpany keeps accounting i'ecords that comply with Sections 386 and 387 of the Coiiipanies Act 2006 and prepai'ing financial stateinents which give a true and fail. view of the state of affairs of the chai'itable coinpany as at the end of each financial year and of it5 suiylus oi- deficit for each financial yeai. in accordaiice with the reqiiii'einents of Sections 394 aiid 395 aiid whicli otliei'wise coinply with tlie i-eqiiii'einents of the Coinpanies Act 2006 I'elating to finaiicial stateinents, so fai. a5 applicable to tlie cliarilable coiiipaiiy. (b) I'he iiotes foi'in parl of these financial slateiMei)ts Page 8 continiied...
PREI STON AND DISTRICT CITIZEI NS ADVICE BUREI AU BALANCE SHEI EIT_ contiiiued 31 MARCH 2024 These fmancial statements have been prepared in accordance with the provisions applicable to chai'itable companies subjeot to the sinall companies regiine. The fanCial statements were approved by the Board of Trustees and authorised for i55ue on and were signed on its behalf by: P Woodburn - Trustee The notes foi'in pail of these fmayjcial stateiiients Page 9
PREI STON AND DISTRICT CITIZENS ADVICE BUREAU NOTES TO THE FINANCIAL STATEI MENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Basis of preparing the fiiianeial statements The financial stateinents of the chai'itable coinpany, which is a piiblic beiiefit entity linder FRS 102, have been pi'epared in accoi'dance with the Charities SORP (FRS 102) 'Accounting and Repoi'ting by Chai-ities: Stateinent of Recoinmended Pi'actice applicable to chai'ities pi'eparing theii. accounls in accoi'dance with the Finai)cial Reporting Standard applicable in the UK and Republic of li'eland (FRS 102) (effective l Jaiiuaiy 2019),, Financial Repoi'ting Standard 102 'The Financial Repoitiiig Staiidai-d applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial slateinents Iiave been pi'epared undei. the historical cost convention. Income All incoine is i'ecogni5ed in the Stateinent of Financial Activities once the chai'ity has entitleinent to the funds, it is pi'obable tliat the incoine will be i'eceived aiid the ainount can be inea5ured i'eliably. Expenditure Liabilities are I'ecognised as expeiiditui'e as soon as there is a legal or constructive obligation coinniitting the chai'ity to that expenditure, it is pi'obable that a ti'aiisfei. of econoinic benefits will be requii'ed in settleinent and the ainollnt of the obligation can be Ineasui'ed reliably. Expenditui'e is accounted for on an accruals basis and has been classified under headings tliat aw-egate all cost i'elated to the category. Where costs cannot be dii'ectly atli'ibuted to particulai- headings they have been allocated to activities on a basi5 consistent with the use of i'esources. Tangible fixed assets Depreciation is provided at the following annual l'ates in order to wi'ite off each asset over its estiinated use1 life. Fixture5 and fittings Coinputer equipinent 250/0 on reducing balance 25010 on reducing balance Taxation The cliai'ity is exeinpt fi'oin coi'poi'ation tax on its charitable activities. Fiind #ceounting Unresti'icted funds Can be used in accoi'dance with the charitable objectives at the di5cI'etion of tlie ti'ustees. Restt'icted fiinds can only be used foi. paiticulai. restricted pui'poses within the objects of the chai'ity. Re5tt'ictions ai'ise wlien specified by the donor or when funds are i'ai5ed for particular restricted purposes. Further explanation of the iiature and pui'pose of each fund is included in the notes to the financial stateineiits. Page 10 continued...
PRE< STON AND DISTIIICT CITizfi NS ADVICE BUREAU NOTES TO THE FINANCIAL STATEMCI NTS- eoiitinued FOR THE YEAR NDLI D 31 MARCH 2024 NET INCOMEI(EI XPENDITURE) Net incoinel(expenditui'e) is stated aftei. ChargIn(credIting)'. 3113124 3113123 Depreciation - owned assets 66 89 TRUSTEI ES, REMUNERATJON AND BLNEFITS There were no trustees, i'einllneration or other benefits foi. the year ended 31 Mai'ch 2024 nor for the yeai- ended 31 Mai'ch 2023. Payinents of £4,035 (2023.. £4,965) were imade to Mi's J M Peai'son, a Trustee. in I'espect of consultancy services provided. Trustees, expense5 There wei'e no trustees, expenses paid for the year ended 31 Mai'ch 2024 noi. foi. the year ended 31 Mai'ch 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestt-icted funds Resti'icted fijnds Total funds INCOME AND E< NDOWMENTS FROM Chai'itable aetivitie5 Generalist Moiiey advice Britisli Gas Enei'gy Ti'ust United Utilities LCC Fuel Depart]nent Yorkshii'e Building Society 41,083 41,083 53,372 116,325 13,124 22,917 9,000 53,372 116,325 13,124 22,917 9.000 Total 41,083 214,738 255,821 EXPFNDITURE ON Chai'itable activities Geiieralist Money advice Equipiiient Britisl) Gas Enei'gy Trust United Utilities LCC Fuel Departinent Yoi'ksliii'e Building Society 38,077 38,077 53,372 89 116,325 13,124 22,917 9,000 53.372 89 116,325 13,124 22,917 9,000 Total 38,166 214,738 252,904 NEIT INCOME 2,917 2,917 Pagell continued...
PRFSTON AND DISTRICT CITIZEI NS ADvicf BUREI AU NOTES TO THE FINANCIAL STATEMEI NTS- eontinued FOR THE YEAR ENDED 31 MARCH 2024 COMPAIIATIVEI S FOR THE STATEMEI NT OF filNANCIAL ACTIVITIII S _ continued Uni'estricted Restricted funds funds Total funds RECONCILIATION OF FUNDS Total funds brouglit forward 136,931 136,931 TOTAL FUNDS CARRIED FORWARD 139,848 139,848 TANGIBLE FIXED ASSETS Fixtures and fittings Coinputer equipinent Totals COST At l April 2023 and 31 Mai'ch 2024 5,546 30,354 35,900 DEI PRECJATION At l April 2023 Chai'ge foi. year 5,492 13 30,142 53 35,634 66 At 31 March 2024 5,505 30,195 35,700 NET BOOK VALUE At 31 Mai'ch 2024 41 159 200 At 31 March 2023 54 212 266 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 3113124 3113123 Trade debt013 Pi'epayment5 and acci'lled income 75,853 1,019 200 1,158 76,872 1,358 Page 12 continiied...
PREI STON AND DISTRICT CITIZEI NS ADVICE JIUREI AU NOTE< S TO THE FINANCIAL STATEMENTS - continued FOR THE YEI AR ENDEI D 3] MARCH 2024 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEI AR 3113124 3113123 Trade creditors Social secui'ity and other taxes Other creditors 2,935 2,924 93,262 2,808 2,839 48,792 99,121 54.439 ANALYSIS OF NET ASSEITS BETWEI N FUNDS 3113124 Total funds 3113123 Total funds Unrestricted funds Resti'icted funds Fixed assets Cui'i'ent assets Cui-i'ent liabilities 200 366,254 (99,121) 200 366,254 (99,121) 266 194,021 (54,439) 267,333 267,333 139,848 MOVEMENT IN FUNDS Net Inovement in funds Transfers between funds At 3113124 At 114123 Unrestricted funds Generalist Equipinent Redundaiicy Pi'oject Exit Relocation Fund 41,379 266 33,203 65.000 127,551 (66) (122,797) 46,133 200 46,000 75,000 loo,000 12,797 i 0,000 100,000 139,848 127,485 267,333 TOTAL FUNDS 139,848 127,485 267.333 Page 13 contiiiiied..
PRfi STON AND DISTRICT CITIZII NS ADVICE BUlllI AU NOTII S TO THE FINANCIAL STATEMENTS - continued FOR THE YEI AR ENDED 31 MARCH 2024 MOVEMENT IN fiUNDS - continued Net inoveinent in funds, iiicluded in the above are as follows.. Incoming i'esoui'ces Resources expei)ded Moveinent in funds Unrestricted funds Geiieralist Eqiiipinent Cadent Macmillan 170,352 (42,801) (66) (39,000) (26,277) 127,551 (66) 39.000 26,277 235,629 {108,l44) 127,485 Restricted funds Money advice Britsh Gas Energy Trust Yoi'kshire Buildiiig Society 47,196 94,800 18,900 (47,196) (94,800) (18,900) 160,896 (160,896) TOTAL FUNDS 396,525 (269,040) 127,485 ComparAtives for movement in funds Net rnoveinent in funds Ti'ansfers between fuiids At 3113123 At 114122 Unrestricted funds Genei'alist Eqllipiiient Redundaiicy Pi'oject Exit 42,166 355 29,410 65,000 3,006 (89) (3.793) 41.379 266 33,203 65,000 3,793 136,931 2,917 139,848 TOTAL FUNDS 136,931 2,917 139,848 Page 14 coiitiniied...
PRFSTON AND DISTRICT CITIZENS ADVICE BUREI AU NOTEI S TO THI FINANCIAL STATEMENTS- eontiiiued FOR THE YEI AR ENDED 31 MARCH 2024 MOVEMENT IN FUNDS- coiitinued Coinpai'ative net Inoveinent in funds, included in the above al'e as follows.. Incoining resources Resoul'ces expended Moveinent in funds Unresti'icted funds Genei'alist Equipinent 41,083 (38,077) (89) 3,006 (89) 41,083 (38,166) 2,917 Resti'ictcd funds Moiiey advice Bi'ilsh Gas Enei'gy Trust United Utilities LCC Fuel departineiit Yoi'kshire Building Society 53,372 116,325 13,124 22,917 9,000 (53,372) (116,325) (13,124) (22,917) (9,000) 214,738 (214,73 8) TOTAL FUNDS 255,821 (252,904) 2,917 A current year 12 inontlis and prioi. yeai. 12 months coinbined position is as follows: Net Inoveinent in funds Transfers betweeii funds At 3113124 At 114122 Unrestricted funds Generalist Equipinent Reduiidancy Project F.xit Relocation Fund 42,166 355 29,410 65,000 130,557 (155) (126,590) 46,133 200 46,000 75,000 i 00,000 16,590 10,000 100,000 136,931 130,402 267,333 TOTAL FUNDS 136,931 130,402 267,333 Page15 coiitiiiued...
PIIESTON AND DISTRICT CITIZENS ADVICE BUREI AU NOTES TO THE FINANCIAL STATEI MENTS - coiitinued FOR THE YEAR ENDED 31 MARCH 2024 MOVII MENT IN FUNDS- continued A cui-i'ent year 12 inonths and prior yeai. 12 Inonths coinbined net inoveinent in funds, included in the above al'e as follows: Incoining re50ul.ees Resources expended Moveinent in funds Unrestricted funds Genei'alist Eqiiipinent Cadent Macmillan 211.435 (80,878) (155) (39,000) (26,277) 130,557 (155) 39,000 26,277 276,712 (146,310} 130,402 Restrieted funds Money advice Bi'itsh Gas Energy Ti'ust United Utilities LCC Fuel departinent Yorkshire Building Society 100,568 211,125 13,124 22,917 27,900 (100,568) (211.125) (13,124) (22,917) (27,900) 375,634 (375,634) TOTAL FUNDS 652,346 (521,944) 130,402 io. RELATEI D PARTY DISCLOSURES Othei. than as delailed at Note 3 there were no i'elated pai'ty transactions foi. the year ended 31 March 2024 and the yeai. ended 31 Mai'ch 2023 ii. FUNDS UNRESTRICTED FUNDS Generalist The above fund coiiipi'ises contributions froin fundei's who suppoi't our Inoney advice sei'vices aiid energy efficiency advice sei'vices incliiding MAPS, British Gas Ti'ust Fund, Lancashii'e Coiinty Counci5 and Cadent with help in kind funding fro1 Preston City Council. Equipment The value of the flind i'epreseiits the value of tangible fixed assets held by the Charity. The balaiice at the year end in the fund was £200. RedundaIicy Thi5 fund is an ainount designated by the Ti'ustees. The value of tlie reserve repi'esei)ts the value of i'esei've requii'ed to 11)eet the Chai'ity's obligatioiis to pay I'eduiidaiicy sliould the Cliai'ity cease to opei'ate. Page 16 coiitiniied...
PIIEI.8TON ANI) DISTRICT CITIZENS ADVICE BUREAU NOTES TO THE FINANCIAL STATEMENTS - contiiiued FOR THE YEI AR ENDED 31 MARCH 2024 ii. FUNDS- continued The balance at the yeai. end in the fiind was £46,000. Project Exit Tliis fund 15 for the outs'each and Inoney advice projects specifically foi. iinplernenting a three inonth exit strategy at the end of the fui)ding periods to allow foi. exploration and bidding for othei- funding streams. The balance at the year end in the fund was £75,000. Relocation Fund The above fund is an ainouiit designated by the Ti'ustees to investigate the possibility of i'elocating the local office. The feasibility of purcliasing siiitable preinises will be considered with the oppoi'tunity of renting sui'plus office space to othei. local voluntai'y oi'ganisatioiis, if applicable. The i'eview will coinmence in 2024125. The Ti'ustees will i'eview the level of i'eserve in futui'e years based on the viability of this pi'oject aiid the availability of surplus funds. The balance at the year end in the fund wa5 £100,000. Cadent The above fuiid pi'ovides funding for debt advice and energy efficiency advice. The balance at the yeai. end in the fund was £nil. Macmillan The above fund is to support cancer patients and their fainilies who face finaiicial and othei. issues. The balance at the yeai. end in the fund was £nil. RESTRICTED FUNDS Money Advice The above is coinpi'ised of funding received fi'oin the Money Advice Services Debt Advice Project. Fuiiding is restricted to face to face specialist inoney advice within the terins of the conti'act. The balance at tlie year eiid in the fi]nd was £nil. Bi'iti511 Gas Eiiergy Ti'ust Page 17 continued..-
PREI STON AND DISTRICT CITIZEI NS ADVICE BUREAU NOTES TO THE FJNANCIAL STATIMEI NTS - continued FOR THE YEAR NDED 31 MARCH 2024 ii. FUNDS- continued The above fund 15 restricted to delivei. Fuel Debt and othei- poveity related advice within the teiii)s of the conti'act. The balance at the year end in the fund was £nil. United Utilities Trust The above fund is i'estricted to deliver water debt and other poverty i'elated issues within the terms of the contract which ended in Septeinbei. 2022. The balance at the yeai- end in the fund was £niS. LCC Fuel Department The above fi]nd was i'e5tt'icted to deliver fuel voucher 5cheines and fuel poverty related issues. The balance at the year end in the fund was £nil. Yorkshire Buildiiig Society The above fund was restricted to delivei. genei'81ist advice services based in the Yorkshire Building Society office within the terms of the contt'act. The balaiice at the yeai. end in the nd was £iiil. Page 18