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← Citizens Advice Colchester

2021-03-31-accounts

COMPANY REGISTRATION NUMBER: 4431673 CHARITY REGISTRATION NUMBER: 1097252

: Citizens Advice Colchester

3

Company Limited by Guarantee Unaudited Financial Statements

31st March 2021

Citizens Advice Colchester

Company Limited by Guarantee

Financial Statements

Year Ended 31st March 2021

Page
Trustees’Annual Report (Incorporating the Director's Report) 1
Independent Examiner's Report to the Trustees 7
Statement ofFinancial Activities (Including Income andExpenditure Account) 8
Statement ofFinancial Position 9
NotestotheFinancialStatements 10

Citizens Advice Colchester

Company Limited by Guarantee

Trustees’ Annual Report (Incorporating the Director's Report)

Year Ended 31st March 2021

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31st March 2021.

Reference and Administrative Details

Registered charity name Citizens Advice Colchester
Charity registration number 1097252
Company registration number 4431673
Principal office and registered 28 Middleborough
office Colchester
Essex
CO1 1TG
The Trustees
MrSREde (Appointed IstMay2020)
MrB Hayton
Mr GN
Chalklin		 (Appointed IstMarch 2021)
: MsEKeegan
MrMA Kerr
MrMW Poole		 (Appointed 12thMay2020)
(Appointed 18thDecember2020)
MsAC Tyler (Appointed IstMay2020)
: (Served from 17th December 2020
MrG Lindridge
MrD J JarvisCBE		 to 6th February 2021)
Mrs M Owens
MrD J Pickles
DrAFejos
MrsGVWoods		 (Retired 15th January2021)
(Retired 1stMay2020)
(Retired IstMay2020)
Company Secretary Mr SR Ede
IndependentExaminer Peyton TylerMears
Middleborough House
16 Middleborough
Colchester
Essex
CO11QT

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Trustees' Annual Report (Incorporating the Director's Report) (continued) Year Ended 31st March 2021

Citizens Advice Colchester

Company Limited by Guarantee

Structure, Governance and Management

Objectives

Citizens Advice Colchester (CAC) provides free, confidential, impartial, and independent advice and information for the benefit of the local community. It aims to exercise an influence on the development of social policies and services, and to ensure that individuals do not suffer through a lack of knowledge or an inability to express their needs effectively.

Governing Document

Citizens Advice Colchester is a registered charity and a company limited by guarantee. The maximum liability of each member is limited to one pound. At 31st March 2021 the company had 37 members (31st March 2021, _ 37 members). CAC is governed by its Memorandum and Articles of Association as adopted on Ist April 2004, which have since been partially amended by various special resolutions since that time.

Colchester Citizens Advice Bureau was incorporated as a company limited by guarantee on 3rd May 2002. The company commenced operations on 1st April 2004, at which date the assets and liabilities of the Colchester Citizens Advice Bureau (unincorporated association) were acquired.

In line with service wide changes and national re-branding, the term 'Bureau' was removed from the company name. The organisation formally changed its name by special resolution in February 2016 to Citizens Advice Colchester.

Organisational Structure

Citizens Advice Colchester is governed by its Trustee Board which is responsible for setting the strategic direction of the organisation and the policy of the charity. The Trustees carry the ultimate responsibility for the conduct of CAC and for ensuring that the charity satisfies its legal and contractual obligations. Trustees meet as a minimum every two months or more frequently if necessary and delegate the day-to-day operation of the organisation to senior management. There are a number of sub-committees, such as the finance sub-committee, and working groups are formed as required. The Trustee Board is independent from management. A register of members’ interests is maintained online, and is available to the public,

Recruitment, Appointment of Trustees

Trustees, who are also Directors of the Company, are recruited for vacancies on the basis of the necessary skills to complement the existing lead roles within the Board, and where possible the Board's profile reflects that of the community which it serves. Potential candidates are interviewed and attend a board meeting prior to being invited to join. The Trustee Board oversees the election process for Board appointments and atthe first meeting after the Annual General Meeting the Board elects the Chairman, the Vice Chairman, and the Honorary Treasurer. The Board can co-opt a Councillor from Colchester Borough Council as an observer, if one is nominated by them.

Induction of Trustees

Newly appointed Trustees are provided with an induction to Citizens Advice Colchester through ‘the provision of access to online information packs, training courses and mentoring by established trustees.

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Citizens Advice Colchester

.

Trustees’ Annual Report (Incorporating the Director's Report) (continued) Year Ended 31st March 2021

Company Limited by Guarantee

Related Parties

Citizens Advice Colchester is a member of Citizens Advice, the operating name of the National Association of Citizens Advice Bureaux, which ensures quality and‘consistency of advice by providing quarterly monitoring against a framework for standards and casework management, Operating policies are independently determined by the Trustee Board of CAC to fulfil its charitable objects and comply with national membership requirements.

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

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Major Risks :
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The Board of Trustees of Citizens Advice Colchester has a risk register in place. The Trustees recognise that any major risks to which the charity is exposed need to be reviewed and systems put in place to mitigate those risks. To that end the Trustee Board is continually monitoring and managing its risk, reviewing the risk register and ensuring action plans are in place to mitigate its key risks

Included in external risks is that of the loss of funding. The effects of this have been minimised by the procedures in place, which have resulted in funding being secured from a variety of sources. The charity continues to seek to diversify its funding sources. Internal risks are minimised by the implementation of procedures for authorisation of all transactions and projects and to ensure consistent quality of delivery for all . operational aspects of the charitable company. These procedures are periodically reviewed to ensure that they still meet the needs of the charity

Reserves Policy

Citizens Advice Colchester ensures that resources are available in each financial year to meet any reasonably foreseeable contingency

In view of the uncertainty in the current financial climate trustees have maintained sufficient reserves to cover 1 year's operating costs.

Investment Policy

As required in its Memorandum paragraph 4.15 in furtherance of its objects, and for no other purposes, the Company has the power to invest or deposit funds in any lawful manner whilst having regard to the suitability of investments and the need for diversification.

Strategic Report

Achievements and Performance

COVID-19 restrictions were introduced in England on 23 March 2020 just before the beginning of the year in review. As a result, CAC was obliged to close its office and suspend its face-to-face advice service. Our staff and volunteers made tremendous efforts to adapt to the new circumstances. With financial help from Essex Community Foundation, we were-able to buy laptop computers and mobile phones so that staff and volunteers could work from home.

Citizens Advice Colchester

Company Limited by Guarantee

Trustees’ Annual Report (Incorporating the Director's Report) (continued) a YearRRR Ended 31st March ERG 2021 oe De | ee ee TS, Some of our funded projects, notably the ‘help to claim’ service for Universal Credit, also had to be reconfigured from face-to-face provision to online and telephone services. We are very pleased to be able to say that, despite the strictures imposed by the response to the pandemic, our dedicated team of volunteer advisers and paid staff delivered advice to over 4000 clients during this difficult year.

During the lockdown, the Trustee Board continued to meet remotely. We came to the view that, given the move to online and telephone delivery, CAC's future service would require fewer rooms for face-to-face Meetings. We took a decision to reduce our expenditure by surrendering the lease on the offices in Blackburn House, where we had been based since 2008. A search for new premises resulted in an agreement to take a licence from Lepra and occupy part of their offices at 28 Middleborough, Colchester, CO1 1TG.

The trustees are immensely proud of, and grateful to, all our volunteers for the contribution they make to the people of Colchester and beyond. We estimate that, had we had to pay them for their time, it would have cost CAC in excess of half a million pounds.

Despite all the difficulties of this 'COVID year' we have been able to make a real contribution to the wellbeing of the community. Two in every 3 clients had their problems solved, 4 in every 5 clients said the advice improved their lives by reducing stress and improving their finances, and 90% of our clients reported overall satisfaction with the service. Last year a Treasury approved model concluded that CAC realised a benefit of over £38 for each pound we spent, and saved the public purse nearly £4m asa result of the advice we gave our clients. This year has been no different in scale thanks to the flexibility and efforts of our staff and volunteers despite the constraints of the pandemic, and such figures demonstrate that CAC is an essential and valuable local service for the residents of Colchester and beyond.

We are grateful to all our funders. Alongside our core general advice service, we have continued to deliver our successful partnership projects with, in particular, Colchester Borough Homes, the Department for Work and Pensions, Essex County Council, Money and Pensions Service, the Big Lottery, and Colchester Borough Council.

Financial Review

Financial Position

Incoming resources in the year were £299,753 (2019/20 £258,719). Of this, £1 88,153 related to restricted project activities (2019/20 £172,314). A surplus of £90,528 was the outcome in the year (2019/20 surplus £18,205). At 31st March 2021 total reserves were £315,585 of which £226,733 represented unrestricted funds (2019/20 £192,708). The increase in surplus and unrestricted funds is a welcome hedge against a more difficult financial climate expected after COVID, and the commensurate increase in demand for our services over the next few years.

Borrowing Sources

CAC did not have any borrowings from either providers of funding or other sources at the balance sheet date.

Funds in Deficit

No funds were in deficit at the balance shect date.

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Citizens Advice Colchester

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year Ended 31st March 2021

Plans for Future Period

We expect our operating environment will continue to change as our clients' needs change, and as a result of the sighificant reduction in funding for our general advice service. This is likely to have an impact on our balance * sheet. We are developing a local fundraising and stakeholder plan to diversify our funding base and raise our profile within the Colchester community. The requirement to retain and secure long-term funding is crucial to ensure the service continues to meet the needs of our growing local community.

We are currently undertaking a review of strategy, reflecting on the changing needs of our clients and shifts in the ways we provide advice and help. In particular, the reduction in face-to-face consultations necessitated by the pandemic has required a greater emphasis on remote working and digital delivery (via email and online chat) or by phone.

We want our services to be easily accessible, particularly in areas of greatest need, To this end, we are developing our outreach programmes. Discussions are underway with other organisations in Colchester with a view to developing additional partnerships to address the issues experienced by residents.

In these ways we will ensure that we are best placed to meet the challenges facing us and are able to do so within the income streams available to us. A further key challenge for us is to increase the number of volunteers supporting CAC in the future to ensure continuity and increase capacity to meet increasing demand for our services.

=5 2

Citizens Advice Colchester

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year Ended 3ist March 2021

Trustees’ Responsibilities Statement

The trustees, who are also directors for the purposes of company law, are responsible for preparing the trustees’ report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, for that period.

In preparing these financial statements, the trustees are required to:

‘ select suitable accounting policies and then apply them consistently;

state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Independent Examiner

Martin Mears FCA of Peyton Tyler Mears has been re-appointed as independent examiner for the ensuing year. The trustees’ annual report and the strategic report were approved on Nid 5 and signed on behalf of the\board of trustees by:

David Jarvis CBE

Trustee & Director

36s

Independent Examiner's Report to the Trustees of Citizens Advice Colchester (continued)

Citizens Advice Colchester

Company Limited by Guarantee

|

Year Ended 31st March 2021

[ report to the trustees on my examination of the financial statements of Citizens Advice Colchester (‘the charity) for the year ended 31st March 2021.

Responsibilities and Basis of Report

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As the trustees of the company (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 accounts of the company are not required-to be audited under Part 16 of the 2006 Aet and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. :

Independent Examiner's Statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I-am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.

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:

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 accaunts to be reached.

Oe ge ae Peyton Tyler Mears Independent Examiner

Middleborough House - 16 Middleborough Colchester Essex CO1 1QT

292

Citizens Advice Colchester

Company Limited by Guarantee

Statement of Financial Activities (including income and expenditure account)

Year Ended 31st March 2021

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|||||||||| |---|---|---|---|---|---|---|---|---| |2021|2020| |Unrestricted|Restricted| |Note|funds£|funds£|Total funds£|Total funds£| |Income|and|endowments| |Donations|and|legacies|5|111,601|188,153|299,753|256,315| |Investment|income|6|-|-|-|2,404| |Total income|111,601|188,153|299,753|258,719| |Expenditure||| |Expenditure|on|charitable|activities|7,8|72,997|136,229|209,225|240,514| |Total|expenditure|72,997|136,229|209,225|240,514| |Net income|38,604|51,924|90,528|18,205| |Transfers|between|funds|(4,579)|4,579|-|-| |Net movement|in|funds|34,025|56,503|90,528|18,205| |Reconciliation|of funds| |Total|funds brought forward|192,708|32,349|225,057|206,852| |Total funds carried forward|226,733|88,852|315,585|225,057|

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

The notes on pages 10 to 18 form part of these financial statements.

= 8s

Citizens Advice Colchester

Company Limited by Guarantee

Statement of Financial Position

sig Se! ge alg NN a hg RL area31st Marcha 2021rr

2021 2020
Note £ £
Fixed Assets
Tangible fixed assets 14 7,465 =
Current Assets
Debtors
Cash at bank and in hand		 15 11,041
310,066		 4,101
256,020
321,107 260,121
Creditors: amounts fallingdue within oneyear : 16 12,987 35,064
Net Current Assets 308,120 225,057
Total AssetsLess Current Liabilities 315,585 225,057
Net Assets 315,585 225,057
Funds ofthe Charity
Restricted funds 88,852 32,349
Unrestricted funds 226,733 192,708
Totalcharityfunds 17 315,585 225,057

For the year ending 31st March 2021 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors! responsibilities:

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime. These financial statements were approved by the board of trustees and authorised for issue on Ndee2) and(’re signed on behalf of the board by:

David Jarvis CBE

Trustee & Director

The notes on pages 10 to 18 form part of these financial statements.

= Ore

Notes to the Financial Statements Year Ended 31st March 2021

Citizens Advice Colchester

Company Limited by Guarantee

1. General Information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 28 Middleborough, Colchester, Essex, CO1 1TG.

2. Statement of Compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland’, the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.

  1. Accounting Policies

Basis of Preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going Concern

There are no material uncertainties about the charity's ability to continue.

Disclosure Exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102.

Judgements and Key Sources of Estimation Uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Fund Accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

==10i%=

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Citizens Advice Colchester

Company Limited by Guarantee

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Notes to the Financial Statements (continued)
a a ce ee Ee same ee eSYear Ended 31sta Marchere 2021ia ee oe eee
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  1. Accounting Policies (continued)

Incoming Resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity ‘and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

Resources Expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

Tangible Assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses, Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses,

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Citizens Advice Colchester

Company Limited by Guarantee

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Notes to the Financial Statements (continued) Y e ar Ended 31ste March 2021 Le ee ee SO

3. Accounting Policies (continued)

Tangible Assets (continued)

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures & fittings .- 25% straight line Office Equipment - 33% straight line

Impairment of Fixed Assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly, Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows ‘that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

Financial Instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument,

  1. Limited by Guarantee Every member of the charity undertakes to contribute such amount as may be required, not exceeding £1, to the charity's assets if it should be wound up.

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Citizens Advice Colchester

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year Ended 31st March Year Ended 31st March Year Ended 31st March 2021
5. Donations and Legacies
Unrestricted Restricted Total Funds
Funds Funds 2021
£ £ -
Donations
Donations		 2,702 - 2,702
Grants
Government and public authority services 108,899 188,153 297,051
111,601 188,153 299,753
Unrestricted - Restricted Total Funds
Funds Funds 2020
£ £ £
Donations
Donations 17,099 35 17,135
Grants
Gevernment andpublic authority services > 66,901 172,279 239,180
84,000 172,314 256,315
6. Investment Income
Unrestricted Total Funds Unrestricted Total Funds
Funds 2021 Funds - 2020
Bank interest receivable iE ~ £
-		 £
2,404		 £
2,404
7. Expenditure on Charitable Activities by Fund Type
Unrestricted Restricted Total Funds
. >Funds Funds 2021
GeneralAdvisory Services £
72,997		 £
136,229		 £
209,225
Unrestricted Restricted TotalFunds
Funds Funds 2020
General AdvisoryServices £
60,525		 p
179,988		 £
240,514

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Citizens Advice Colchester

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year Ended 31st March 2021

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|||||||||| |---|---|---|---|---|---|---|---|---| |8.|Expenditure|on|Charitable|Activities|by|Activity Type| |Activities| |undertaken|Total|funds|Total|fund| |directly|2021|2020| |£|£|£| |Expenditure|209,225|209,225|240,514| |9.|Analysis|of expenditure| |Expenditure|Total|2021|Total|2020| |£|£|a)| |Staff costs|160,958|160,958|159,268| |Premises|23,703|*|23,703|49.985| |Communications|and|IT|8,564|8,564|9451| |General|office|1,629|1,629|2,932| |Human|resources|1,932|1,932.|1,629| |Finance|costs|123|123|103| |Professional|Fees|6,467|6,467|15,020| |Depreciation|3,734|3,734|760| |Sundry|2,115|2,115|1,366| |209,225|209,225|240,514| |10.|Net|Income| |Net income|is|stated|after|charging/(crediting):| |.|2021|2020| |£|se| |Depreciation of tangible|fixed|assets|3,734|760| |11.|Independent|Examination|Fees| |2021|2020| |Fees|payable|to|the|independent|examiner|for:|£|£| |Independent|examination|of the financial statements|2,100|1,500|

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Company Limited by Guarantee

Notes to the Financial Statements (continued)

Citizens Advice Colchester

Year Ended 31st March 2021
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12, StaffCosts
The average head count of employees during the year was Nil (2020: Nil). The average number of
full-time equivalentemployees during theyear is analysed as follows:
2021 2020
Charitable purposes No.
8		 No.
8
Management and administration ofcharity 1 1
9 9
Noemployeereceivedemployee benefitsofmore than £60,000 during theyear(2020: Nil).
13. Trustee Remuneration and Expenses
No remuneration or other benefits from employment with the charity
the trustees		 or a related entitywere received by
14. TangibleFixed Assets
Fixtures and
fittings Equipment Total
Cost £ £ £
At lstApril 2020
Additions
-		 2,860
-		 44,778
11,199		 47,638
11,199
At31stMarch2021 2,860 55,977 58,837
‘Depreciation A
At IstApril2020
Charge for theyear		 2,860
-		 44,778
3,734		 47,638
3,734
At31stMarch2021 2,860 48,512 51,372
Carrying amount c
At 31st March 2021 — 7,465 7,465
At 31st March 2020 = =
=
15. Debtors
2021 2020
Prepaymentsandaccruedincome
Otherdebtors		 £
91
10,950		 £
4,101
_
11,041 4,101

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Citizens Advice Colchester

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year Ended 31st March 2021

16. Creditors: amounts falling due within one year

2021 2020
£ £
Trade creditors 2,259 1,121
Accruals and deferredincome 6,833 27,000
Social security and other taxes 2,728 6,139
Other creditors 1,167 804
12,987 35,064

17. Analysis of Charitable Funds

Unrestricted funds

‘ At
At 31stMarch 2
lstApril2020
£		 Income
£		 Expenditure
£		 Transfers
£		 021
£
General funds 192,708 111,601 (72,997) (4,579) 226,733
At
At 31stMarch 20
General funds IstApril2019
£
113,811		 Income
£
86,404		 Expenditure
£
(60,525)		 Transfers
£
53,018		 20
£
192,708

= 16 5

Citizens Advice Colchester

Company Limited by Guarantee

Notes to the Financial Statements (continued)

a I oe Year Endedeg 31st Marchee 2021 Re a ee

17. Analysis of Charitable Funds (continued)

Restricted funds

At
At 31st March 2
1st April2020
£		 Income
£		 Expenditure
£		 Transfers
£		 021
£
CBHomes Fund
DWP Fund		 =s 24,750
—		 (14,730)
-		 —
-		 10,020
-
MAPS
Lakes
MindKind
WarmHomes
Money Advice Assist
Help toClaim
Warm Start		 14,061
11,147
=
=
=
7,141
_		 48.751
8,775
13,661
15,073
12,753
64,390
—		 (38,949)
(12,415)
(6,038)
(10,295)
(17,182)
(36,470)
(150)		 =
=
=
—
4,429
=
150		 23,863
7,507
7,623
4,778
~
35,061
-
32,349 188,153 (136,229) 4,579 88,852
At
: At 3istMarch 20
CBHomesFund
DWPFund
MAPS
Lakes
MindKind
Warm Homes
Money
AdviceAssist
Help toClaim
Warm Start		 IstApril2019
£
_
67,950
21,429
3,662
=
=
-
-
=		 Income
£
24,500
=
59,319
18,435
2
a
O37
60,823
=		 Expenditure
£
(28,278)
~
(66,687)
(10,950)
Bi
=
(20,391)
(53;682)
as		 Transfers
£
3,778
(67,950)
-
-
=
az
11,154
=
a		 20
£
=
=
14,061
11,147
=
ke
-
7,141		 :
93,041 172,314 (179,988) (53,018) 32,349

= aps

Citizens Advice Colchester

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year Ended 31st March 2021

18. Analysis of Net Assets Between Funds

Unrestricted Restricted TotalFunds
Funds Funds 2021
£ £ £
Tangible fixed assets 7,465 - 7,465
Currentassets 219,268 88,852 308,120
Net assets 226,733 88,852 315,585
Unrestricted Restricted TotalFunds
Funds Funds 2020
£ £ £
Tangible fixed assets _ = :
ft
Current assets 192,708 32,349 225,057
Netassets 192.708 32,349 225,057

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