COMPANY REGISTRATION NUMBF.R: 4431673 CHARITY REGISTRATION NUMBF.R: 1097252 Citizens Advice Lolchester Conipai)y Liinited by Guarantee Unaudited Financial Statements 31st March 2022
Citizens Advice Colchester CompAny Limited by Guarantee rillirttlal Stat¢mcnt3 YeAr Ended 315t March 2022 Page I rustees, Aiinual Report Ilncorporatlllg tlie Directorf5 Rcportl Independent F.xaminer'8 Repon to ilie Ttw$tees Stateineiit of Financial Activities {Including Income and Expendiiure Account) Stalcincnt of FinanciRI Position Nol¢s io the Financial Sraiements 10
Citizens Advice Colchester CompAny Limited by Guarantee Ti uslL'Ls' AiiiJu#l RL'poi I Ilii¢'oJ poi #liiig l&iL DiiL'Lloi's Rtpui l) Yeir Ended 31st M4r¢h 2022 The trustee5. wlio a150 the diTe¢tor5 for the purposes of con)pany law, pres¢nt their report and the unaudited financial stateiiients of the chai'ity for tlie year ended Ilst March 2022. Referejice Admiili5trI1ve Details Registered cliArity nnine Citizeiis Advice Colclic5ter Chgrity registration numb¢r 1097252 Coinp*rby r¥kTigtrlltion numbiTrr 43167.1 Priiicii)xl orrice registered rnL'L. 28 Middleborough COI ITG Tlie'l'rustees MrSREde Mr B Hayioii Mr G N Chalklin Ms E Kee&pan MrMAKerr Mr M W l)oole Ms A C Tyler Mr D J Jurvis CBE Mrs M Owens {Retired 18th January 20221 (Retired 7th De¢ember 20211 Coniplliiv SecretArv MrSREde Indepen(lei)t ExAniiner Peyton Tyler Mears Mlddlcboroubili I lousc 16 Middleborough (".olcliester COI IQT
Citizens Advice Colchester CompAny Limited by GuArAlltee Ti.uslcLS, Aiiiiu¥l Rl'yvi I IliJ¢'iFtptstxiLitig Ilit Dii eLlvt'5 Repui i) (c1111Eo YeHr Ended 31$t MAr¢h 2022 Structure, GovernAnce And MfinAgement Objectivcs Cili£tns Advice Colclieslei. ICACI provides free. coiifideniial, iinpartial, and independeiil advice and iiifoiinaiioii for thc boiiofil of tho locol community. It uitn. to oxor¢is• an intlu4n¢w on th dov¢loprnent of social policics aiid scrviccs, aiid to ciisurc that individiia15 do not sufyer through A lack of knowledsie or an iiiability to expie5S theii. iieed5 effectively. Governing Doeum¢nt CitiLe115 Advice Colcliesler is a TegTlSlered cliarily and a compaiiy liiniied by guarant¢e. The maxiiruin liability of eacli iiieimber 15 liiiiited to one pound. At 3 1st MaTch 2022 the coinpany h£id 37 m¢iiibers13 Isi Mdiili 1021, J7 iiieiiib¥rs1. LAL is tsJtsv#riied by Ils M#tiiuruiidutii &iid Ai'liLl¢s AS&VLlatlUll U5 uduylLd tsii I sl Apiil iuo4, which l)av¢ since been partially amended by various sp¢¢ial re501utions Since that time. Colchesler C"iiizeiis AdviLe Biireau was incorporated a5 a ¢oinp8iiy liinited by giiaraniec on Ird May 2002. The 01)Ipaiiy ¢oiiiiiieiice(l operAtioiis 011 I si April 2004, ot which date ilie assets ond liabilitie5 of tli¢ Colclieslcr Cilizeiis Advice BiiiruLI IiiiiinLorporated association) were acquired. In line witli service wide ¢haii¥ie5 and 118tlOll81 r¢-branding, the teTllI 'Bureau' was removed from the company iiaiii¢. 'fiie oi'blanisaiion forinally chai)ged irs name by spe¢ial re501utioii in February 2016 to Cilizeiis Advice C.ol¢liester. OrgRiii%fitiiTriiAI Structure Ciii/¢iis Advi¥v Cvl¥li¢bl¢r ib ¥vv¥rii¢J by ils Trubl¢¢ Bra wlii¥li is resyuiisible for selliiib Ilic stiate8ic dii¢ciioii of tlie oi'&iinisi¢ IIL)ii ond lh¢ poli¢y of the ¢11grity. The Trustees carry the ultiniale respon5ibilily for tlie coiiduLt ol-C'AC and for ensurinb IhL?t the charity sa115fies its le¥al and contractLial obli8alions. Tru5tecs Ineet as B niiiiiiniiiii everv IWL) iiioiiihs or Iiinre freqiientlv if iiecessRry and deleyaie the dav-ln-dav operalinii of tlie Recruitinenl. Ai)i)uintment of Trustees TrLisle¢s. Ivho ar¢ also Directors of the Conipany, are recruited for vacancies based on th¢ necessary skills to ¢onipleineiii tli¢ ¢XiStin lead roles within the Board, and where possible the Board's profile refle¢ts Ihat of th¢ ¢01iimuiiiiy wliich it serves. Potential rthndidates cire Iiiterviewed and attend board meeting prior lo b¢in iiiviied ¢o.join. Tl)¢ Trustee Board oversr¢s Ilie election process for Board appointinenls and at the first meeliiib dltrr Ilie Aniiiial Li¢iieial Meeiinb the Board elects the Lhairnian. the Vice Lhairnian. aiid the Hoiiorary Trea5ur¢r, The Board cali co-opt a Couiicillor froni Colchester Borough Council a5 ali observer. if oiie 15 Induction of Trustees Newly appointed Tru$l¢es ar¢ provided with induction to Citiz¢n5 Advice Colchester through tli¢ provision of access lo onliiie infoi'mation PLi¢ks, tminin¥ ¢ours¢s und mentoring by estnblL5hed trustee5.
Citizens Advice Colchester Company Llmit¢d by GuArAntee Tru5tte3' Annual Rcport Ilncorporitbng tht Dir¢¢tor'8 tieportl (cvMlliiuéd) Year Ended 31st MArch 2022 Related P#rties Citizeiis Advice Colchester is a meinbei. of Citizens Advice. the operating name of ilie National Association of Citize1i5 AdviLg Bui'eaiix. wliiLh en5ur¢5 quality Lvnbibl¢nL! uf d(IviL¢ bv providiii& Iiu#i'lL'I'lv iiiuiiilot'iii¥ agaiiist a fiainework foi. staiidards and casework Inaiiageiment. Operaling policies are independently deterinined by tlie 'l'rtislee Board of CAC io fulfil its charitable object5 and cornply with naiioiial men)bership requireinents. The Cliaritv also ¢o-op¥iales ¢gnd liaises witli s¢veral other advisory service5, local ¢haTlties, and piiblic service depdrtimenis on beliaif of Llienis. Wl)ere one of the trustees holds the position of tru5te¢ldirector of k)noiher cliarily tli¢i' Inav be involved in discussions regarding that oiher chRrity but not in the ultiinate deci5ioiI-Inakin i)r(>L¢%s. M4jor Risk$ Tlie B()ard i)r Triisiecs of Citizens Advic¢ Colcliester lias a risk register in place. The Trustees reco&T1115¢ Iliat any ii)ajor ribk% 10 whiLli Ilie cliarity is exposed need io be reviewed aiid sysi¢iiis put in place io Initisaie Iliose ri5k5. To thi¢ i eiid Ihl TrusiLe Boai'd is ctsniin111c Ilj ii)oniiorink> and managing its risk. reviewintsy il)e risk IEgi5ter and pro¢ediir¥5 iii place. Ivl)i¢li liave resulted iii fiiiiding b¢ink? secured from 8 variety of source5. The cliarity coiiiiiiues 10 seek to diversity lis fundink) soiirces. 111ternal risks are minimised by the iinpleinentatioii of proLLdiii'¢s for uiiiliorisalioii of all trniisactions and projects and to ensiire consisteni qiiality of delivery for all operatioiiiil Lispecls of Ilie cliar11b1e company. These procedures are periodically reviewed 10 ensurL' that ihey Keservos lJoli¢y CitizLiis Advice Colchester ei)siires thai resources are available in each Iinancial year fo meei any r¢ason8bly foir4¢rablt eoTiliiigri)cy In vi¢w ol. IIIL IinL¢rtainty in the Current financial climate tNs¢¢es have maintaiD¢d 5uffscient re5er¥e5 to eover I y¢Lir's operaiiiig Losts. InvLlStm¢ni P(blL¢y As requir¢d iii Its Meimoranduii) paragrapl) 4.15 in furtherance of its objects, and for no otlier Purposes, the Coinpaiiy l)as Ilie powcr lo inv¢5t oi. deposit fuiids in any lawful manlier whilst11aviiig regard to the suitability of investnienls and tli¢ iiced foi. diversification. Sti'#teglc Repoi't A¢hi¢vtm¢nt$ Performanee Tl)is ha5 bren a year of profoui)d cliange for Citizens Advicc Colchc5ter, but l ain very pleased to be able to repori tliat CAC ha5 eiiiergT¢d fi'oin it very well. We hav¢ changed Chief Officer. ijnplemented new ways of workiiigy, iiioved offices. reci'uited new staff and voliinleers. and 51abilised our finances. Our previoiis AGM look place only six nionths ago, on 18 January 2022, because over re¢ent yeaTS, and pai'liciilarly during Ihe COVID.19 pandemic. the gap between tlie end of OUT finaiicial ycar aiid tlie AGM liad wideiied. Tlie Board, 111 PAfiicular our Tr¢aSur Graeme Chalklin, and our auditors have Worked very hard to close ihal gap. My tliaiik5 to all wlio liavc lielped to make this happen.
Citizens Advice Colchester CompAny Limited by Guarantee Ti'u.41et.4' Aiiiiual ReiiDI'l (liicoi'poiltiiig tlie Director'i Rtportl (L(Illllllllcil) Yeiir Ended 315t March 2022 Our biggest cliange diiring the past year was in staffing. In May 2021. Jo Blytli stood down as Chief Officer. Jo liad been %viih CAC for maiiy years. initially as an adviser before moving oji to the top job. She skilfiilly guided us Ihroiigh Li dirricllli peri()d when ftinding wa% rediiced, and her hard work etiabled CAC to survive and prosper. We IliLgnk liei. foi. lier dedicated seiwice. Iii May, Jo was succeeded as Cliief Officer by Dcv Ptrkinb. D¢v brin¥s d wealth of e.xp¥i'ieii¥e 10 CAC. Before joining us, she had spent 13 years workiJi8 111 third sectOT or¥anisaiioi)s incliidiii&. Cliarilies, not for PTofii groups aiid the co.op movement. For most of the past year. Bev also carritd out the role ol'operatioiis Manager on lop of her c.hief Officer duties. The work has beeii very hard, with long Iioiirs, and w¢ &Te very Biateful for the dedication and leadership that she has displayed. On 30 April 2021, CAC Inov¢d ollt of B1ckbilM House in Crouch Street. which had been OUT home for l 3 y¥ar%. I hL' l)iuv¢ %va% pdrily l()rLed upi)n u% by the redevelupmenl ul Ihe buildiiiu, but it also coiiicid¢d willi a major Lliaiibp¢ iii our workinb pra¢tices proiiipied by the pandeinic and gave us ati opportuiiiiy lo reduc¢ our fiked Cosis. We ivere vei'v ple¢ised ro be able 10 fiiid a new home ft128 Middleboroii81i willi oiir friend4 from I rprA laboLired io iiiakv Ihe Iraiisitloll so sinooili.. Eiiiiiia KeeBan and Mike Kerr from the Ti'uste¢ Board, aiid Jo Blytli. Si¢plieii Blooiii, Janice Tollb¢. and 11.&are1 Appleion. Tlie paiid¢i)iic ai)d Ilie IILW office arran&ieimeiiis obliged us to end our drop-in servi¢¢ for clieiit5. Iiistead. all our gi¢ii¢ral iidviLc ig nLTrW dclivered by plioiic OT onlii)e. with face-to.face Ineeiii)gs wliere esseiilial, Tlie paiideinic a150 Ca115cd 501i1e of OLir loiisr_servinbT volunteeis to Teduce or cease tlieir ii)volven)eni with CAC. We Iliaiik iliei service lo cover Inore days. Oih¢r volunteers ar¢ providing valuable help in support and specialist roles. 1¢ voltlllli¢i's ar¢ ili¢ baikbon¢ ol'our gTeiieral advice work, and we were particularly pleased lo lioiioiii. one or our niiii)b¢i' ai the ¢iid of january. Mtsr¥arci Clubb eelebroted 50 years of continuous service iyitl) a special preseiilalioii. We believe Iliat she is the lon8e51-servsng Citizens Advice voliinteer in the country. Duriiig tlic year, tlie Trustee Board aiid Ihe Cliief Officer have worked togeth¢r on d¢veloping a new slrate¥y for AGM. W¥ liiive ugreed the following.. CAC'S Missioii.. To siipi)L)ri ¢l1)d eiiipower tl)e people of Colchester io deal with life's cliallenges LAC'S Visi(>ii'. We will dLliver free, iiiipartial, confideiitial help lo the people of Colchester when they need it, Iii a fonn which works fLbr Iheim and ¢iiables theiii 10 haiidle fiiiure situations better Iheniselves. CAC'5 Vcilii¢¥'. Einpath¢lic,' Expaiisiv¢: Evoliitionary,. Educatin8: Effective Durii)g the yeai. we said goodbye to two long-servin8 members of the Trustee Board.. Mike Poole. our loiigTe5t-sei'N'ing ti'iistce. and Ma8u?ie Owens. a former woliint¢er ¢urned trustee. We thank them for tl)¢ir many yeai'5 of devoted service to CAC. Toivard5 the ciid of 2021, the couiitry emerged from the pandemic but also froni the vari0115 paiideinic prolectioii measures. The end of fiirlough payiments. the caiictllation of the Universal Credit uplift payinenls and the wiilidrawal of prote¢iions froim Evictioii caused problcms for many of our clients. That these changes ¢oiii¢ided willi tlie start of tlie ivar in Ukraine aiid drainatic rises in the cost of living will only make tl)e situatioi)s for many lioiiseholds more difft¢ult. Deixand for our services 15 great and rising.
Citizens Advice Colchester
CompAny Limited by Guarantee
Trusle¢s' Aiiiiulll ReyorL (lllLurporALltig Ilie Dlreelor'5 Reyui'i) (C11neI)
Year Ended 31$t Mgr¢h 2022
It 15 tlierefore gratifying that. thi'ough Ihe recruitment of siaff and volunteers and collaboiative working with
otlier oi'ts)anisalions. we liave been able lo inci'ease our s¢rvices to particular groLlPS in need. We now have ali
agreeineiit 10 ivork witli Colchester Foodbank for the next three years and another wilh ihe NHS to assist patient5
wiih'l nnb I'
Citizens Advice Colchester Company Limited by Gu#r#ntee Trustees, AnnuAI Report IlncorporAtlng the Dlrector's Repurt) (conlinme Yegr Ended 31st M9r¢h 2022 Trustce5' Rc5ponsibilities Statement The Iruslees, w'lio are also direciors for Ilie purposes of coinpany law. arc T¢spoiisible for preparing the irustees, rep()i'i aiid Ilie fiiiaiicial 4iateii)enls iii accordatice witli applicable law and United kingdom A¥Luuniin¥ Siaiidard.q (Uniied Kingdoiii Generdlly A¢¢ept¢d A¢¢ounting Prdctice). Coinpaiiy law requires il)e ¢liarity Irusiees io prepare fiiiaiicial slatemei)ts for each year which give a tTUe aiid fair view of ihL Stale of affair.q of the cl)arilAble company and the incoming r¢sour¢es and application of resource* observe the iiietliods and priiiciple5 111 tlie applicable Charities SORP., Inllke jiidgyiiieiiis and accouniing esiimales ihat are reasonable and pJud¢nt; siaie ivlieililr applicable UK Accouniing Slaiidards hAve been followed, 5ubje¢t to 4iiy maleriol departures preparL' tlie fiiiaiicial staiemen15 on tlie bioinby coiicem basis unle5S It is iiiappropriate 10 presiime Ihat the charity 'riie triistee5 ore respoiisible for keepinbj adequate accounting Tecords that Ire sufficient to show and explaiii ihe chai'ily'5 Iraiisnclioiis and disclose with reasonablc accuracy at aiiy tiine the fiiiaiieial position of the chariiy and eiiablL ilieiii io ensure Iliat tlie fiiiaiicial statemeiits comply with the Coiiipanies Act 2006. Thcy arc also respoiisiblL for safeb7uai'diiib tlie assets of the charity aiid heiice for takin8 reasonable sP$ for tlie PTeveiitioi 8iid delectioii of fraud aiid other irregLilarities. Martiii M¢urs Fcil of Peytoii Tyler Meors has beeii re-appointed os independent e¥oniiner for the ensuing year, Tlie Iriislec.s' aiiiiiial report and tlie.%lrate8ic report were apprnved on Ilie board of IrLislees by.. 15 July. 2022 Alld .%igiied on behalf of Ddvi<I lai i'll rTrr Chair Trustee & Director
Citizens Advice Colchester CompAny Limited by Guarantee liid¢1[ltEII Ex#itiltier'.% Rei)orl lu Ilie Truslees ufciilLeiiiF AdvlLe CvlLlitsl¢i (C1114¢) YeRr End¢d 31st Mgreh 2022 I rep011 to the trustees on Iny exaniination ofihe finaiicial stat¢Tnents of Citizens Advice Colchestei. I'tlie charily'l for tli¢ year ended 31 si March 2072. ReEI)011.4ilTrilitie. aiid B#sl8 of Report A5 the IrLislees of the cotnpany Ixnd also its direciors for the purposes of company law} you are responsibl¢ for Ilie prevai'71011 of Ilie fiiiaiicial 51aieineiilS il) a¢¢ordaiice with ihe requireinei)ts of the Conipaiiies Act 20061'the 20Q6 Act'l. Havinbp Sali%fiLd niyself ili1l1 Ihe a¢¥oiints of the company Are not required to be aiidit¢(l uiider Pan 16 of Ilie 2006 Act lid ttr¢ ellglble for Independent examlnc111on, I repon in r¥spe¢l uf my L'.XdiiiiiialiL)ii uf Ili¢ Llidl'ily accouii15 as Larried out ui)d¢T S¥Ctioi) 145 of the Chariiies Aci 2011 I'ihe 2011 Act'l. Iii caTryinb7 out my e%aiiiiiiaii(Iii I liave. fnlloi¥e.d thr. Dirr.r.tinns ¥ivr.n by tht. c.harity C.ommi$%ion linder .EecliDn 14Sl5llb} of the Independeiit Exnniiner s StAternent Siiice Ilie ¢11¢1riiy's k?ross iiicoiiie ex¢e¢ded £2fO,000 your ex8ininer must be a meinber of a body listed iii section 145 of th¢ 201 I ALI. I conlirin thai l AIM qualili¢d io unde11ak¢ tlie examination beca115e l atn a m¢inber of Ili¢ Inslilule of Chartered AccoLinlunts in Eiibrland and Wales IICAEWI, which is one of ilie lisi¢d bodies. I liave cDI)Ipl¥ted my examiiiaiioii. l Coiifirin tliai no In8tters have come to my attention iii eonne¢iion witli tlie accountiiiy records were iiot kept iii respect of the charity as required by section 386 of th¢ 2006 Act: or Illi finon¢iol stal¢in¢nis do noi accord with thosc recvrds.. or Il)e f111aii¢ial slaieinenls do noi coinplv with the a¢¥ouiiting requireiiienis of 5ectioii .196 of tlie 2006 coiisidei'cd as paii of an iiidependeiit ExainiiiatlOLI', or Ilic finaTicial .8llltenienls liave Tiot been prepared in accordaiice witli tlie metl)ods and priii¢iple5 of tli¢ Siateiiiciii of R¢coiniiieiided Practice for accouiitin8 and reportiiig by eliarities applicable 10 cliarities prcpariiig Ilieir aLcoiinl& 111 accordance with the FinfinC1l Reportin8 Standard applicable in the IIK nd R¢publi¥ of Ir¢l#nd ITrRS 1021. I have iio coiiceriis and have come cross no othcr matters in Coiine¢tion witli the examination io which atleiition //-T/ Peyion ,l¢i' M¢ars Indep¢nd¢nl Exciminrr Middleborougli House 16 Middleborougli Colchestei. COI IQT
Citizens Advice Colchester Company Limited by Guarxnte¢ (includiijg ineome And expenditure account) Year Ended 31st Mar¢h 2022 2022 Restricted funds 2021 Unrestricted fund£ TotAI funds Note Incoine Mnd eii(loi%'inents 45.524 3.009 246.170 291,694 3,009 2Y9.753 Totftl inconie 48.533 246,170 294,703 299.753 Expen(litiJre 77,501 226,176 303,677 209,225 Tot&1 cxpiiriditure 77,501 226,176 303.677 20¢J,225 'et {exi)cll(liture}lincotne 128,968) 19.994 18.9741 90.528 Traiisfcrs b¢tweeiJ funds 124,9711 24,971 (53,9391 44,965 18.974} 90,528 Recoii£iliJLlioii Of fuThd5 Total fuiids broubtht forward Totnl (uii(Is cthrried (orwArd 226,733 88.852 31S,.585 225,057 172.794 133,817 306,611 315,585 'riie siateiiient of fiiiaiiciAI activities includes all iaiiis and losses recoRnised iii the Yeor. The note$ on pages 10 to 18 form part of these financial statements.
Citizens Advice Colchester Comp4ny Limit¢d by GuArAntee Stxtement of Fln4nclAI Posltlon 31st M8r¢h 2022 2022 2021 Note 14 7,4CI5 Current Assets Debioi's Cash at bank and in hand 4.gug 313,688 310,066 318.597 321,107 Crediror$: iiniovnts fAlling due witliln one year Net Ciirri'nl *lfSet% 16 15.718 12.987 107.879 308.1?O Tfrtl A$siifS Less Current LIRbllliles 306,611 315.585 Nct A55ets 306.611 315.585 Funds Df the Chnrity 133.817 172,794 88,852 226,733 TotHI cli#i'ily fiindb 17 306,611 315,585 For tli¢ yeai. eiidiiib .1 Isl March 2022 tlie Lharity was entitled to exemption froni audit under seciioii 477 of the Direcloi's, responsibililies.. 1111 IIILiiiber% Iiave Iiot required tl)e colpallY to obt&iii an audit of It% finAiicial 8iatemenis for the year In quesii01i iii accordance witli scctioii 476., Tlie directors llcknowledgpe tlieir responsibilities for Complying with th¢ reqiiir¢m¢nts of the Act with respe¥l to d¥ioiiniing r¢iords und the prepclmiioli of financial statements. Tliese fiiiaiicial stateii)ents have been prepared in Aecordaiice witl) the provisions applicable to COlhpanie5 subject 10 Ilie sinall cornpanic5' Te8iine. These fiiiaiicial slaleimeiils were approv¢d by ihe board of trustees and aufhorised for issue on .lS.Auly.%Q,..., lid orp 8iLiiiod oil bollRlf of tho bnftrd by, David laivis CBE Chair I'ruslee & Director Th¢ notes on PaEe5 10 to 18 form pgrt of these financial st#ttments.
Citizens Advice Colchester Company Limited by Gu*rAntee Note5 to the b'inancial Statements YeRr Ended 31st March 2022 Geiiei'lll InformAtion The ¢l)ariiy is a publi¢ benefii eniity and 3 private ¢ompany limited by guarantee. registered iii Englaiid nd Wales hiid fi reg15tered charilji Iii E'nslaiid and Wales. 'Ihe ftddress ol tlie re8lStertd otlire IE 28 MiddltborougTlI. C.olclie5ter. Essex, COI I TG. StAteJnent of CompliAnc¢ These financia5 siaiemenis have been prepared in compliance with FRS IQ2. 'Tlie Financial Reportin8 St¢tiiJ¢ird ¢ipplicable in the UK and ilie Republic of Ireland., the Staleineni of Recomnieiided Piactice appliLabl¢ iii the UK and Republic of Irelaiid (FRS 1021 (Charities SQRP IFRS 102)) aiid th¢ Cornpaiiies Aei 2006. Accounting Policies B#sl$ of Prei)HrAtlon Tlie Iiiiaiicial 5tatemeiit5 have beeii prepared on the historical cost basis, as modiflcd by tlie revaluaiion of cerlaiii fiiiancial 45sels uiid liabilities and investment propertiey measured at fair value throu8h incoitte or Tl)c Iinancial stlteinents are prepared in sterlirtg. wliieh is the functional currency of the entity. Goiiili Concerii Thtlt are 110 Inaterial uneertAlllties about the ehArity'S ability to continue. DJsclu5ure Lxemption5 Ju(liicinLnly KLY SvurcL&S of C4 Stimltlon UnetrtAlnty Tlie prepai'ation of the financial stat¢ment5 requires mana8¢m¢Dt ¢0 make judgeinents. estiinales and SAl1111PtioiiE Iliai uff¥cl the aini)LintK rgp011ed. Th¥&'.¢ g1,limat¥R and jiid¥#iii¥nlK arg cnnliniiully rgvitwgd and lfL bgL sed on e.xperi¢ii¥¢ ciiid oth¢r luilors, in¢ludiiig expectations of future events tl)dl are b¢li¢ved io be rLLlSonal)l¢ under ¢h¢ cir¢uinstanGes. A¢¢thuiitlng Unrestricted funds arc available for use at the discretion of the trustee5 to further any of the cliarity's purposes. D¢sibinaled funds are unrestri¢trd funds ¢Armarked by the trust¢e5 for partscular futUT¢ proj¢¢t or ¢ominilmeiit. Rc5ti'ictcd fiiiids are 5Libjectcd io iestriLlions on iheir expenditure de¢lared by th¢ dvnor ur Ihrvu¥h ihe tci'nis of an 42ppLal. and fall into one ofiwo sub-¢lass¢s.' r¢stri¢ted income funds or ¢ndowmEnt fiinds. io
Citizens Advice Colchester Company Limited by GugrAntee N(Ites tu Ihe Flnancl#l.Sl#t¢m¢iitS (coNlinuÉd) Year Ended 315t March 2022 Accounting Polities ¢tlI1eo Ineortiithg R¢souY¢¢s All incorninbj re50urc¢5 UTt includtd in the siaiemeni of financial a¢tivilies wlien enliilenieiit lias pubb¢d to the clièirity,. il 15 probable Iliat the eLononiir b¢n¢fits associaied with lh¢ iransaction will flow to the charity aiid Ilie aiiiouiit cali be reliably Incasured. The followiiig specific poli¢ies are applied to particular categories of iiicome.. iiILonie fI1n doncllioiis oi. grants is recognised when Ilier¢ is evidence of enlitl¢iiieii¢ to the gift. receipt is probable and Its amount coil be ineasured rcliably. Irv,Hfy Ilifolnf 1% reroy.iii%ed wheii rteeiril is probable. and enlitle.Ine.nt is e.stablishe.d iiicoine fioin doiiaied &Toods is iiieasured at the fair valuc of th¢ goods uiiless il)is is iiiipractical io valuL. Doiiat¢d facilities and servic¢s are recobynised in tlie account5 when rc¢¢iv¥d if Ilie value Can be reliably Ineasiired. No 8moiin¢s are in¢liided for ih¢ contribution of ¥en¢ral vuliinl¢¢rs. iiiLonie fiuin Loniracls for Ilie supply of services is rccognised willi the delivery of the coiiiracted scrvi¥¢, This is ¢lassilied as unre51ri¢led funds unless there is a coiiiraciual I'¢quiremeni lor it io be spent 011 a particular piirpose and reiuriied if uiispeiii, in ivhich case li may be regarded as re8lricied. Re5ource5 Exi)eiided Expeiidiiiiie is recogiiis¢d on an accriipls basis Is ? liability is incurred. Expendiiiii'e iiicliides any VA T wliiili ¥iiiinoi be fiilly ie<ov¢red. and is ¢lassifi¢d under headin8$ of the statement of financial activities to Iradin&i activities. and Ilie sal¢ ofdoiialed goods. expenditure on charitable activitjC5 incliides all costs incurred by a charity in und¢rtakin¥ 8clivilies costs relniin8 lo ihe ¥overiiaiice of Ilie charsty apportioned lo cliaritable activities. oilier ekpeiiditure iiicludes all expendiliire that is n¢ither related to raisins funds for tlie cl)arity iior part ol'iis expenditure on charitable activities. All ¢0515 are allocated to exp¢iidliure categorles reflectlng the use of the resource. Dlre¢t costs atirlbutable lo a siiigwle activity air allocated directly lo that activity. Shared costs are apportioii¢d b¢tw¢eii the arlivities they coiitribule to on a reasonable, justifiable and consistent ba5lS. Tlliigible Assets Taiigible assets are initially reci)rd¢d at cost. and subs¢qutntly stated at cost less any ac¢uniulat¢d d¢pr¢¥iulion aiid impairment 105S¢5. Any tangible as5¢ts carricd at revalucd amounts are r¢cord¢d at th¢ fair vdliie at th¢ dlc 1¢ of rrvaliiation 1¢55 any 511b5tqiient accufftiilatEd dtpr¢ciation and subsEqii¢nt o¢¢umulated impAimient losses. li
Citizens Advice Colchester Ctsmpany Limited by GuArAntee NotCS to th¢ fiinnt)eiAI Stnt¢mentS ILuNfliith¢rf) Year Ended 31st March 2022 Accouiitiiig Poli¢it$ (coJitinM¥d) Tsliigible Asset5 (eu#iiNiied) An iiicrease in the rrying ainoiinl of an as5¢t as a rcsult of a rcvaluation, is re¢ognis¢d in other recobynised gaiiis c?iid lossLs. uiilLSS It reverses a charge for iinpairintiit thict has previollsly been recogiiised as A decrease iii the currying amouni of an asset as a result ol. revaluaiioii, is re¢ogiiised iii oiher r¢¢ogni5ed gains and Ios5e5. except to wliiLh il offsets Any PT¢ViOUS revaluaiitsi) gaiii, in wliich case the loss is shown witliin other recogiiised gains and losses on the DeiTrreciAtion L)Lpi'iiiaiioii IJ calculaild so as 10 Wl'it¢ off tlic cost or valuatioji of an njsct, Ic5J its residiinl vllliie, ovci. th¢ Iisel'iil e¢onomic life of that asset as follows: 330/0 Straitslit line lJni)hirnient of Flxed Asseis A ILVIL'W for indicators of iinpairinent 15 carried out Al eAeh reporting dale, wilh tli¢ re¢overllble amoLinl b¢111b isllllljilL,d wli¢'r¢ such Iiidicliiors exist. Wliere the carryinb7 value excecds the recoverable anioiiiil, tlie s%¥1 is iinp?¢ ired a¢¢ordiiigly, Prior iinpairinents gre &lso reviewed for P05SLble reversal at each reporting dAI¥, wlicii it is not possiblc to cstiinalc thc r¢cover&blc uinoiinl of uii aiid bTLlIL'rale5 casli inflows Iliat larhrelv iiidependeiil of the cash iiiflows froiii othEr asseis or xroiips or qiiisilinii dat¢, llllncaled to ¢Acli of th¢ cush-gen¢rating units that Ar¢ exp¢¢led to benefit from the SyIILI'U1¢5 of the conibiiialioii. irr¢5pective of wliethcr other assets or liabilities of the Charity ar¢ nssigned FinAnLiiiI Instrum¢nt$ A f1naiicial a8sei nr a fii)aii¢ial liahility 1.4 re¢ngnised only when the ¢nlity becomes a party to the Liniited by GuArHiitee Evely Ineniber of th¢ charity undgrtak¢s to ¢ontribut¢ su¢h amount as may be reqiiired, not exceeding £1. lo ilie cliarity's assets it. it should be wound llp. 12
Citizens Advice Colchester Compaiiy Lirnited by Guarantee Nibte$ to the FinAncial StAtement$ Year Ended 315t Myrch 2022 Doiiiiiioiis #lid Legieies Unrestricted Flind% Restricied Totgl Funds Fiindq 2022 Doiiaiions 6.696 6.696 GJ'xiil$ Goveriiineiit aiid public authority services 38.828 246,170 284,998 45,524 246,170 291,694 ke5ti Icled Funds Funds 2021 2.702 2,702 GovL'rnniLnl and public auilioriiy services 108.899 297,051 188,153 29Q.753 lrtvi'stnient Income Unr¢stri¢ied Tolal Funds Funds 2022 Unresiri¢l¢d Total Fuiids Funds 2021 Dthnll inior¢st ro¢eiw&blo J.009 3.009 Exi)L'iiditiire on ChnritAlTrl¢ A¢tiviti¢s by Fund Type Unrestricted Flinds Restricted Total Funds Furtds 2022 General Advi50ry Services 77,501 226,176 JOJ,677 Unr•Ètrict•d Funds R8g,tTlCted Total Fundf, Funds 2021 Genvi'dl Advisory Services 72,997 136,229 209,225 13
Citizens Advice Colchester Company Limited by GuArAntee Note$ to the Finineiil Stattments YeRr Ended 3 1st March 2022 Expeiiditui'e oil Charitable Activities by Activity Type Activities underlak¢n Tot*l fuijds 2022 Total fund 2021 EkpendilLir 303,677 303,677 209,225 Anily518 1)fsupport C05t$ Expendliure TotAI 2022 Toial 2021 ??6,441 25,5J5 13,983 22(1,441 l ()0,958 2J,'IUi 8.564 1,629 1,932 123 6.467 13,983 3,811 GLii¥ral office 7.523 165 10,413 3.733 12.073 165 10,413 3,733 12.lJ73 Professioiial Fees DLI)reLiation 303.677 303,677 209.225 10. Net IExpenditiire)Ilncome Net lexpendilLirelliiicoine 15 slated ?fter char8ingllcr¢dilingl'. 2022 2021 3,733 I l. liideitrL'ndent Ex8mlnAtion Fees 2022 2021 Fecs payable to Ilie independent exaininer for.. 1,650 2,100 12. Stiift Costs Th¢ iiveragt head count of ernployces durin8 the year was Nil 12021.. Nill. The average number of full-liiiie equivalcnl eniployees durijig tlie year is analysed as follows.. 2022 2021 Cliaritable purposes Maiiageinent and admini%iration nf charity No eniployee re¢¢ived einployce b¢iiefits olmore than £60,000 during the year {2021'. Nill. 14
Citizens Advice Colchester Company Limited by Guiorantee Note5 to the FinRneiAI StAtements fttrjlllttkj YeHr Ended JIst MArch 2022 13. Trustee Reniulleration and Expenses No r¢iiiuiieration or other beiiefits froni ¢mployment with the ¢harity or a related entity were T¢ceiv¢d by 14. Tngible Fixed Assets Fixtures and rittinBs Equipinent TotRI Co&¢ At 1st April 2021 31st Mirch 2022 2.860 55.977 58.837 2.860 48.J12 3.733 51,372 3,73J Cliai'gpe for Ilie year At 31 St .1&1'ch 2022 2.860 52.245 At 31 %t ftriihj'ih 2022 3.732 3,732 At1151 Maicli ?021 7.465 7,465 11. Debtors 2022 2021 PrepLl>'lll¥llts and *¢¢rued irtcome Oili¥r d¥biors 4,125 784 91 10.950 4 1)Ul) Is
Citizens Advice Colchester Co¥npany Limited by GuArAntee Notes to the FinAnciAI StAtementS IroKtsnNe YeAr Lnded 31st M4rLh 2022 16. Crc(litors: nmounts fAlling due wlthln otbe year 2022 2021 I"rade credliors AcLI'uals aiid J¢f¢Tred incoTne SociL21 se¢iirily and other laxe5 Oili¢r crcditors J.917 7.013 3.699 1,079 6,833 2.728 1.167 15.718 12.987 17. Aiifilvsis ofchArltible Funds At 31st Mireh 2 022 Ai Isi April 2021 Incoine Expenditure Trniisfers 226.733 48,533 177.501) 124,9711 172,794 At 3 1st March 20 At 1st April 2020 lrtcoitte Expenditure Transfers 192,708 172.997) 14.579} 226.733 16
Citizens Advice Colchester CompR Thy Limited by Guarantee Note$ to the FiniiiiciAI StAtements itollrtnt YeAr Lnded 31$t Mlreh 2022 17. Analysis of ChAritable Funds (c11111Ii¢ Resti'icted fuijds At 31s1 Mar¢h2 022 Ai I si April 2021 Incon]¢ Expenditure Transfer5 CB Hoines Piind lQ.020 25.000 104.329 8,946 122.3421 187.3501 19,8271 12.678 40,842 6.626 6,406 7.507 7.623 4.778 14,809 MoiiLy Advice Assist Iq.061 ?4,071 10.481 47.5.34 137.38£) 124,0211 113,0161 1226.1761 32,717 COMF 34.518 88.852 246.170 24.971 133,817 At 3 1st March 20 At I st April 2020 Incoine Expenditure Transfers 24.750 48.751 8.775 13.661 15,07.1 12,753 64..190 114,7301 138,9491 10,020 23.8(13 7,507 7,623 4.778 Mill,. Lakes MindlKiiid 14,061 {6.0381 110.2951 Mc)ii¥v Advice Assist Help i() Cltsi Wariii Sinrt 4,429 7,141 136,470) 35,061 150 32,349 188,153 1136,2291 4.579 88,852 17
Citizens Advice Colchester Ctsmp#ny Limlted by GuArantee Note5 to the FinanciRI Statement5 Year Ended 31st MArch 2022 18. Aiinlysis of Net Assets Between Funds Unrestricted Funds Restricted Totfil Fund5 Funds 21J22 Taiigyible fixed assets CiirrLllt fissets 3.732 169,06? 3,732 302,879 133,817 Net 11¥sets 172.794 133,817 300.611 lJnreslri¢ted Funds Resiri¢ted Funds Total Fiinds 2021 219,268 88.852 308,120 Nei iis$¢ts 226,733 88,852 315,585 18