2021-03-31-accounts

COMPANY REGISTRATION NUMBER: 04646727 CHARITY REGISTRATION NUMBER: 1097260

‘

Citizens Advice Allerdale Company Limited by Guarantee Unaudited Financial Statements

31 March 2021

SAINT& CO Chartered accountants Unit 7B Lakeland Business Park Cockermouth Cumbria CA13 OQT

Citizens Advice Allerdale

Company Limited by Guarantee

Financlal Statements

Year ended 31 March 2021

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|||||||||| |---|---|---|---|---|---|---|---|---| |PAGE| |Trustees’|annual|report|{incorporating|the|director's|report)|1| |Independent|examiner's|report|to|the|trustees|7| |Statement|offinancial|activities|(including|income|and|expenditure| |account)|9| |Statement|offinancial|position|10| |Statement|of|cash|flows|12| |Notes|to|the|financial|statements|13| |The following|pages|do|not|form|part|of the|financlal|statements| |Detailed|statement|of|[financial]|[activities]|27| |Notes|to|the|detailed|statement|of financial|activities|30|

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Citizens Advice Allerdale

Company Limited by Guarantee

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

Year ended 31 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 31 March 2021.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered charityname	Citizens AdviceAllerdale
Charity registration number	1097260
Company registration number	04646727
Principal office and registered	Town Hall
office	Oxford Street
	Workington
	Cumbria
	CA14 2RS
THETRUSTEES	Mr AL Barry
	Mr KA Little
	Mr K Lamb	(Died 19 May 2020)
	MrA Clark
	MrW Pegram
	Ms L M McDonald
	Ms S Stamper
	MrA! Semple	(Appointed 28July 2020)
COMPANY SECRETARYAND CHIEF
OFFICER	MrM Telford
INDEPENDENT EXAMINER	MrWilliam Moore BA, FCA
	Saint & Co Chartered Accountants
	Unit 7B Lakeland Business Park
	Cockermouth
	Cumbria
	CA13 0QT
BANKERS	HSBC Bank Plc
	3 Pow Street
	Workington
	Cumbria
	CA143AH

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Citizens Advice Allerdale

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Company Limited by Guarantee

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

Year ended 31 March 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

Membership

Membership of the company is open to individuals (over the age of 18 years) who are interested in furthering the work of the Charity and are not paid or volunteer workers at the Bureau and any corporate body or incorporated association which is Interested in furthering the Charity's work and is admitted to membership.

Trustees and Directors

The Trustees are elected from the local community or appointed by a number of member organisations, not exceeding one-third of the Board.

Vacancies

A shortfall in the number of trustees is met by election at the Annual General Meeting or by co-option in the meantime.

Organisational Structure

The Company functions through a Board of Trustees whose members are directors of the Company and are responsible for setting the strategic direction of the organisation and the policy of the charity. A Chief Officer Is appointed covering all the offices of the district and has full responsibility for day-to-day operation of Citizens Advice Allerdale.

The Board will establish sub-committees, when it is appropriate to charge a group of Trustees with a required task. The Trustees carry the ultimate responsibility for the conduct of Citizens Advice Allerdale and for ensuring that the charity satisfies its legal and contractual obligations. Trustees normally meet at three monthly intervals. The Trustee Board is independent from management. The articles limited the chair to six years in office; The Chair is K. Little; Vice-Chair is W Pegram.

Training for Trustee Board members has been conducted by presentations by key staff; and subsequently through use of a Reference Manual for Trustees, which is frequently updated and changes explained at regular Board meetings. Briefing papers about developments are presented to Board meetings when necessary. Citizens Advice materials from Cablink and BMIS supplement this training.

Citizens Advice Allerdale is a member of The National Association of Citizens Advice Bureau, which provides a framework for standards of advice and casework management as well as monitoring progress against these standards. Citizens Advice Allerdale is audited at intervals of two-three years. Citizens Advice Allerdale also co-operates and liaises with several other advisory services, local charities and social services departments on behalf of clients.

Citizens Advice Allerdale is a corporate member of Citizens Advice Cumbria, which is the umbrella body for the county provision of major nationwide contracts. Citizens Advice Allerdale then is a delivery partner or subcontractor to these arrangements.

Key Management Personnel Remuneration

The policy for the remuneration of Key Management Personnel is to follow the Local Authority scale rates.

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Citizens Advice Allerdale

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Company Limited by Guarantee

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

Year ended 31 March 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT (continued)

Risks Policy

We regularly review our risks and the key risks at the moment are:

• ¢ The impact of Covid-19 has been severe.

• The reduction of funding from Statutory Bodies is having a terrlfic effect on the operation and traditional sources of top up funding are more difficult to access.

• ¢ Funding from Statutory Bodies and other funders which continue at the same level which in real terms is a reduction as salary and other costs continue to rise.

• *« An agreement with Allerdale Borough Council for funding Welfare Benefits advice has resulted in a cut of £25,000 pa.

• The loss of the Manager, and key staff who are very experienced would cause considerable strain on our future survival.

OBJECTIVES AND ACTIVITIES

The Aims of Citizens Advice Allerdale

The Citizens Advice Service is independent and provides free confidential and impartial advice to everybody regardless of race, sex, disability or sexuality.

We aim to:

• provide the advice people need for the problems they face.

• improve the policies and practices that affect people's lives.

We value diversity, promote equality and challenge discrimination.

We have drawn up a new Business Plan which needs to be very flexible to deal with the current situation of reduction in the levels of funding available and the funding secured is only guaranteed for shorter periods.

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Citizens Advice Allerdale

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Company Limited by Guarantee

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

Year ended 31 March 2021

OBJECTIVES AND ACTIVITIES (continued)

Over the next few years we expect there to be many reductions in the avallable funding but we will still attempt to meet the following specific objectives:

• ¢ We will comply with the Membership Scheme of Citizens.

• ¢ We will attempt to satisfy the needs of all clients presenting themselves to us unless we refer them to another agency who is more qualified to meet their needs.

• ¢ We will meet these needs within the funding constraints.

• ¢ To ensure we meet our workload within the financial constraints - the balance between the use of volunteers and paid staff will be addressed to make more use of volunteers - This measure will be on going.

• ¢ When clients initially present themselves, the case will be reviewed using an initial assessment and further steps progressed.

• ¢ Staff Costs - the level of staffing will be regularly reviewed to ensure costs can be met - the structure of the organisation will be amended as required.

• ¢ We will review Outreach Services to look at the efficiency of the operations - we would like to retain these services but need to ensure they are efficient and effective.

• We will develop giving advice via telephone and other approaches.

• ¢ We support the development of social policies locally and nationally.

• ¢ As we Satisfy the legal requirements for giving Housing Advice, we will give that service to Copeland and any other clients in Cumbria that require it as requested.

Donations and Grants Policy

The charity does not provide grants or donations to other charlties or organisations.

Voluntary Help

The charity receives help from volunteers throughout its organisation - the equivalent of[4.5][full][time][equivalent] employees. The value is estimated In excess of £115,000.

Public Benefit

We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our alms and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set.

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Citizens Advice Allerdale

Company Limited by Guarantee

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

Year ended 31 March 2021

ACHIEVEMENTS AND PERFORMANCE

Achievements during the year

• We have met all the requirements of the New Membership Scheme and have been externally assessed achieving a high level. This has increased the workload for some staff.

• We have met the needs of all clients presenting themselves unless they have been referred to another provider.

• We have had to respond to changes In funding.

• ¢ We meet the Solicitor requirements to offer Housing Advice within Allerdale and Copeland and throughout the County when requested - we continue to develop our ability to perform certified work.

• We employed 23 staff equivalent to 15.3 full time workers and we have a Volunteer workforce of 33 (25 advisers and 8 trustees), 4.5 FTE.

• ¢« We continue Pensions Wise service throughout Cumbria and achleved a high level of client satisfaction.

• We continue our efforts on social policy work working with other offices in Cumbria.

FINANCIAL REVIEW

During the year, total incoming resources amounted to £548,443 (2020: £501,813) which resulted in net incoming resources of £20,789 (2020: £8,340) and unrestricted funds at 31 March 2021 of £189,097 (2020: £167,754).

Reserves Policy

Citizens Advice Allerdale is required to ensure that free monies are available in each financial year to meet any reasonable foreseeable contingency. Citizens Advice Allerdale maintains a projection for the future and will ensure that this continues to be derived from as wide a variety of sources as possible.

As our main funding streams can no longer be guaranteed long term we recognise that our reserves are limited and therefore decisive, timely action will be necessary for any further loss of funds.

The Trustees aim is for reserves to be £160,000 to cover 4 months of running costs. Total reserves at 31 March 2021 were £193,914.

Investment Powers

The Charity is empowered by item 4.15 of its Memorandum of Association to invest monies of the Company not immediately required for its own purposes in or upon such investments, securities or property as may be thought fit. Reserves and other funds not immediately required for Bureau operations are deposited with Charities Official Investment Funds (COIF).

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Citizens Advice Allerdale

Company Limited by Guarantee

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

Year ended 31 March 2021

PLANS FOR FUTURE PERIODS

The workload of the chief officer is referred to above and preparing bids for future funding often with partners adds to the already heavy workload. The Board recelves a report on all aspects at each meeting.

TRUSTEES' RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS

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 falr 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. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the group and the company and the surplus or deficit of the group for that period.

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

• e select suitable accounting policles and then apply them consistently;

• ¢ observe the methods and principles in the applicable Charities SORP;

• make judgments and accounting estimates that are reasonable and prudent;

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

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.

SMALL COMPANY PROVISIONS

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The trustees’ annual report was approved on 22" November 2021 and signed on behalf of the board oftrustees by:

KALB bs Mr K A Little Director

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Citizens Advice Allerdale

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of Citizens Advice Allerdale

Year ended 31 March 2021

| report to the trustees on my examination of the financial statements of Citizens Advice Allerdale (‘the charity’) for the year ended 31 March 2021.

RESPONSIBILITIES AND BASIS OF REPORT

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation ofthe financial statements in accordance with the requirements of the Companles 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 Act and are eligible for independent examination, | report in respect of my examinatlon of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination | 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. | confirm that | am qualified to undertake the examination because | am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.

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

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

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

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

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

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Citizens Advice Allerdale

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Company Limited by Guarantee Independent Examiner's Report to the Trustees of Citizens Advice Allerdale (continued)

Year ended 31 March 2021

| 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 accounts to be reached.

Mr William Moore BA, FCA Saint & Co Chartered Accountants Independent Examiner

Unit 7B Lakeland Business Park Cockermouth Cumbrla CA13 CQT LT Dees Aet 9991

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Citizens Advice Allerdale

Company Limited by Guarantee

Statement of Financial Activities {including income and expenditure account)

Year ended 31 March 2021

			2021		2020
		Unrestricted	Restricted
		funds	funds _Total funds		Total funds
	Note	£	£	£	£
Income and endowments
Donations and legacies	5	270,480	274,460	544,940	440,955
Charitable activities	6	3,043	-	3,043	57,744
Investment income	7	135	-	135	681
Other income	8	325	-	325	2,433
Total income		273,983	274,460	548,443	501,813
Expenditure
Expenditureon charitable activities	9,10	(252,640)	(275,014}	(527,654)	(493,472)
Total expenditure		(252,640)	(275,014)	(527,654)	(493,472)
Net income and net movement in funds		21,343	(554)	20,789	8,341
Reconciliation offunds
Total funds brought forward		167,754	5,371	173,125	164,784
Totalfundscarriedforward		189,097	4,817	193,914	173,125

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

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The notes on pages 13 to 25 form part of these financial statements.

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Citizens Advice Allerdale

Company Limited by Guarantee

Statement of Financial Position

31 March 2021

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|||||||| |---|---|---|---|---|---|---| |2021|2020| |Note|£|£|£| |FIXED|ASSETS| |Tangible flxed|assets|16|14,645|5,802| |CURRENT|ASSETS| |Stocks|17|7,051|13,066| |Debtors|18|31,358|52,787| |Cash|at|bank and|in|hand|213,964|136,364| |252,373|202,217| |CREDITORS:|amounts|falling due within|one year|19|68,582|29,536| |NET CURRENT|ASSETS|183,791|172,681| |TOTAL ASSETS|LESS|CURRENT|LIABILITIES|198,436|178,483| |PROVISIONS| |Pensions|and|similar|obligations|20|4,522|5,358| |NET ASSETS|193,914|173,125| |FUNDS|OF|THE|CHARITY| |Restricted|funds|4,817|5,371| |Unrestricted|funds|189,097|167,754| |Total|charity funds|23|193,914|173,125|

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

Directors' responsibllittes:

• ° The members have not required the company to obtaln an audit of its financial statements for the year in question in accordance with section 476;

• ° The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared In accordance with the provisions applicable to companies subject to the small companies’ regime.

The statement of financial position continues on the following page.

The notes on pages 13 to 25 form part of these financial statements.

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Citizens Advice Allerdale

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Company Limited by Guarantee

Statement of Financial Position (continued)

31 March 2021

These financial statements were approved by the board of trustees and authorised for issue on 22 November 2021 and are signed on behalf of the board by:

KAC RE. Mr KA Little Director

Company Registration Number: 04646727 Charity Registration number: 1097260

The notes on pages 13 to 25 form part of these financial statements.

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Citizens Advice Allerdale

Company Limited by Guarantee

Statement of Cash Flows Year ended 31 March 2021

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||||||||| |---|---|---|---|---|---|---|---| |2021|2020| |£|£| |CASH|FLOWS|FROM|OPERATING|ACTIVITIES| |Net|income|20,789|8,341| |Adjustments for:| |Depreciation|of tangible|fixed|assets|5,030|2,481| |Government grant|income|(5,495)|-| |Other|interest|recelvable|and|similar|income|(135)|(681)| |Accrued|expenses/(income)|33,370|(53,038)| |Changes|in:| |Stocks|6,015|(950)| |Trade and|other|debtors|20,961|(16,666)| |Trade and|other|creditors|6,144|(4,217)| |Provisions|and|employee|benefits|(836)|(1,142)| |Cash|generated|from|operations|85,843|(65,872)| |interest|received|135|681| |Net cash|from/(used|in)|operating|activities|85,978|(65,191)| |CASH|FLOWS|FROM|INVESTING|ACTIVITIES| |Purchase|of tangible|assets|(13,873)|(3,585)| |Net|cash|used|in|investing|activities|(13,873)|(3,585)| |CASH|FLOWS|FROM|FINANCING|ACTIVITIES| |Government|grant|income|5,495|-| |Net|cash|from|financing|activities|5,495|~| |NET|INCREASE/(DECREASE)|IN|CASH AND CASH|EQUIVALENTS|77,600|(68,776)| |CASH AND CASH|EQUIVALENTS AT BEGINNING OF YEAR|136,364|205,140| |CASH AND CASH|EQUIVALENTS AT END OF YEAR|213,964|136,364|

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The notes on pages 13 to 25 form part of these financial statements.

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Citizens Advice Allerdale

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Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 March 2021

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 Town Hall, Oxford Street, Workington, Cumbria, CA14 2RS.

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.

3. 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.

The charity/trust meets the definition ofa public benefit entity under FRS102.

Going concern

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

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Judgements and key sources of estimation uncertainty

The preparation of the financlal 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.

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Citizens Advice Allerdale Company Limited by Guarantee

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Notes to the Financial Statements (continued)

Year ended 31 March 2021

3. ACCOUNTING POLICIES (continued)

Cash at bank and In hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or Jess from the date of acquisition or opening of the deposit or similar account (other than those held for investment purposes).

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Fund accounting

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

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

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.

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:

• e income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

• ° legacy income Is recognised when receipt is probable and entitlement is established.

• e income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value Is derived from the cost to the donor or the estimated resale value. Donated facilltles and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.

• ° income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent ona particular purpose and returned If unspent, in which case it may be regarded as restricted.

cr

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Citizens Advice Allerdale

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2021

3. ACCOUNTING POLICIES (continued)

Resources expended

Expenditure is recognised on an accruals basts as a liability is incurred. Expenditure Includes any VAT which cannot be fully recovered, and is classifled under headings of the statement of financial activities to which It relates:

• ° expenditure on ralsing funds includes the costs of all fundraising activitles, events, non-charitable trading activities, and the sale of donated goods.

• ° expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

• ° other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single actlvity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

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.

Depreciation

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

Fixtures and fittings - Sor10 years straight line

Impalrment 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.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

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Citizens Advice Allerdale

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Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2021

3. ACCOUNTING POLICIES (continued)

Grants receivable

Grant receivable are recognised at the fair value of the asset received or receivable. Grants are not recognised until there Is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.

Where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or recelvable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in Income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised asa liability.

Provisions

Provistons are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are Initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in income or expenditure unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount Is recognised as a finance cost in the statement of financial activities in the period it arises, and is allocated to the appropriate expenditure heading.

Financial Instruments

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

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment Is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.

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Citizens Advice Allerdale

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2021

3. ACCOUNTING POLICIES (continued)

Financial instruments (continued)

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that Is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging Instruments In a designated hedging relationship.

Financlal assets that are measured at cost or amortised cost are reviewed for objective evidence of impalrment at the end of each reporting date. If there is objective evidence of Impairment, an impairment loss Is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed Individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.

4. LIMITED BY GUARANTEE

The Company is limited by guarantee and does not have a share capital.

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Citizens Advice Allerdale

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2021

TE

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5. DONATIONS AND LEGACIES
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	Unrestricted	Restricted	Total Funds
	Funds	Funds	2021
	£	£	£
DONATIONS
Allerdale Borough Council	61,400	-	61,400
Workington Town Council	5,000	-	5,000
MaryportTown Council	1,000	-	1,000
WigtonTown Councll	500	-	500
KeswickTown Council	500	-	500
Parish councils	1,545	-	1,545
Donations received	10,568	-	10,568
GRANTS
Cumbria County Council - Money Advice Grant	66,570	-	66,570
Citizens Advice Bureau Grants	25,380	16,500	41,880
Other Grants received	30,338	-	30,338
Cumbria County Council - GatewayTraining Grant	-	-	-
Financial Inclusion Project	-	83,909	83,909
Hadfield Trust	-	-	-
Pension Guidance	-	85,984	85,984
Cumbria Community Foundation	22,949	-	22,949
Energy Grants	-	23,559	23,559
Foodbank Funding	4,160	-	4,160
Francis C ScottTrust	10,075	-	10,075
Help to Claim Grant	-	25,313	25,313
TheAccess to Justice	25,000	-	25,000
Coalfields Regeneration Trust	-	10,000	10,000
Peer review	-	-	-
Macmillan	-	29,195	29,195
Government grantincome	5,495	-	5,495
	270,480	274,460	544,940
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2020
	£	£	£
DONATIONS
Allerdale Borough Council	61,400	-	61,400
WorkingtonTown Council	5,000	-	5,000
MaryportTown Council WigtonTown Council	1,000 1,000	- -	1,000 1,000
KeswickTown Council	500	-	500
Parish councils	1,395	-	1,395
Donationsreceived	2,390	6,250	8,640

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Citizens Advice Allerdale

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2021

5. DONATIONS AND LEGACIES (continued)

			Unrestricted	Restricted	Total Funds
			Funds	Funds	2020
			£	£	£
	GRANTS
	Cumbria County Council - Money Advice Grant		-	66,570	66,570
	Citizens Advice Bureau Grants		264	-	264
	Other Grants received		-	-	-
	Cumbrla County Council - Gateway Training	Grant	5,000	-	5,000
	Financial Inclusion Project		-	79,553	79,553
	Hadfield Trust		-	8,333	8,333
	Pension Guidance		-	61,697	61,697
	Cumbria Community Foundation		-	23,416	23,416
	EnergyGrants		-	26,616	26,616
	Foodbank Funding		-	12,500	12,500
	Francis C ScottTrust		10,000	-	10,000
	Help to Claim Grant		25,112	-	25,112
	The Access to Justice		-	-	-
	Coalfields Regeneration Trust		10,000	-	10,000
	Peer review		-	700	700
	Macmillan		-	32,259	32,259
	Government grant income		-	-	-
			123,061	317,894	440,955
6.	CHARITABLE ACTIVITIES
		Unrestricted	TotalFunds	Unrestricted	Total Funds
		Funds	2021	Funds	2020
		£	£	£	£
	LAA Housing Contract	~-	-	17,546	17,546
	LAA income	3,043	3,043	36,585	36,585
	Advice Services Transition fund	-	~	850	850
	Law Centre Court Work	-	-	1,173	1,173
	Keswick to Barrow CharityWalk	-	-	700	700
	Cumbria County Council -Ways to Welfare	~	-	890	890
		3,043	3,043	57,744	57,744
7.	INVESTMENT INCOME
		Unrestricted	TotalFunds	Unrestricted	Total Funds
		Funds	2021	Funds	2020
		£	£	£	£
	Bankinterest	135	135	681	681

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Citizens Advice Allerdale

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2021

8.	OTHER INCOME
		Unrestricted	TotalFunds	Unrestricted	Total Funds
		Funds	2021	Funds	2020
		£	£	£	£
	Miscellaneous Income	325	325	2,433	2,433
9,	EXPENDITURE ON CHARITABLE ACTIVITIES BY FUNDTYPE
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2021
			£	£	£
	Advice and support		120,396	274,459	394,855
	Support costs		132,244	555	132,799
			252,640	275,014	527,654
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2020
			£	£	£
	Advice and support		65,544	152,321	217,865
	Support costs		114,595	161,012	275,607
			180,139	313,333	493,472
10.	EXPENDITURE ON CHARITABLE ACTIVITIES BYACTIVITYTYPE
		Activities
		undertaken		Totalfunds	Total fund
		directly	Support costs	2021	2020
		£	£	£	£
	Advice and support	394,855	126,969	521,824	489,435
	Governance costs	-	5,830	5,830	4,037
		394,855	132,799	527,654	493,472
11.	ANALYSIS OF SUPPORTCOSTS
			Charitable
			Activities	Total 2021	Total 2020
			£	£	£
	Staffcosts		74,846	74,846	231,120
	Premises		31,880	31,880	22,270
	Communications and IT		5,704	5,704	887
	General office		14,539	14,539	17,293
	Governance costs		5,830	5,830	4,037
			132,799	132,799	275,607

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;

| | |

Citizens Advice Allerdale

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2021

12. NETINCOME

Net income is stated after charging/(crediting):

	Net income is stated after charging/(crediting):
		2021	2020
		£	£
	Depreciation oftangible fixed assets	5,030	2,481
	Operating lease payments recognised as an expense in the year	2,100	2,100
13.	INDEPENDENT EXAMINATION FEES
		2021	2020
		£	£
	Fees payabletothe independentexaminer for: Independent examination ofthefinanclal statements	1,290	850
	Other financial services	1,350	650
		2,640	1,500
14.	STAFF COSTS
	The total staffcosts and employee benefits for the reporting period are analysed as follows:
		2021	2020
		£	£
	Wages and salaries	413,453	384,332
	Social security costs	25,738	22,898
	Employer contributions to pension plans	18,629	17,414
		457,820	424,644

14. STAFF COSTS

The average head count of employees during the year was 24 (2020: 25).

No employee received employee benefits of more than £60,000 during the year (2020: Nil).

Key Management Personnel

Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £74,620 (2020: £90,038).

15. TRUSTEE REMUNERATION AND EXPENSES

The trustees did not receive any remuneration or reimbursed expenses during the current year or previous period.

| | ! |

-21-

,

Citizens Advice Allerdale

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2021

16. TANGIBLE FIXED ASSETS

		Fixtures and
		fittings	Total
		£	£
	Cost
	At 1 April 2020	68,456	68,456
	Additions	13,873	13,873
	At 31 March 2021	82,329	82,329
	Depreciation
	At 1 April 2020	62,654	62,654
	Charge for the year	5,030	5,030
	At 31 March 2021	67,684	67,684
	Carrying amount
	At 31 March 2021	14,645	14,645
	At 31 March 2020	5,802	5,802
17.	STOCKS
		2021	2020
		£	£
	Work in progress	7,051	13,066
18.	DEBTORS
		2021	2020
		£	f£
	Trade debtors	24,352	5,191
	Prepayments and accrued income	7,006	14,067
	Other debtors	-	33,529
		31,358	52,787
19.	CREDITORS: amounts falling due within one year
		2021	2020
		£	£
	Trade creditors	1,352	72
	Accruals and deferred income	61,811	28,909
	Social security and othertaxes	5,419	555
		68,582	29,536

Included within accruals and deferred income above is £33,890 (2020: £11,586) being balances of funds held as agent at 31 March 2021. During the year £579,412 was received and £557,108 was paid out by the charity acting as agent.

-22-

.

Citizens Advice Allerdale

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2021

20. PROVISIONS

	Pensions and
	sImilar
	obligations
	£
At 1 April 2020	5,358
Charge against provision	(836)
At31March2021	4,522

The provision is from an actuarial valuation given by TPT Retirement Solutions - The Growth Plan as at 31 March 2021. The scheme is classified as a ‘last man standing arrangement’. Therefore the charity is potentially llable for other participating employers’ obligations if those employers are unable to meet their share of the scheme deficit following withdrawal from the scheme.

1. PENSIONS AND OTHER POST RETIREMENT BENEFITS

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £18,629 (2020: £17,414).

1. GOVERNMENT GRANTS

	The amounts recognised in thefinancial	statements	forgovernmentgrants	forgovernmentgrants	are as follows:
					2021	2020
					£	£
	Recognised in incomefrom donations and legacies:
	Coronavirus Job Retention Scheme				5,495	-
23.	ANALYSIS OF CHARITABLE FUNDS
	Unrestricted funds
						At 31 March
		At 1April	2020	Income	Expenditure	2021
			£	£	£	£
	Generalfunds	167,754		273,983	(252,640)	189,097
						At 31 March
		At 1 April	2019	Income	Expenditure	2020
			£	£	£	£
	Generalfunds	163,974		183,919	(180,139)	167,754

we

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a

‘

Citizens Advice Allerdale

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2021

23. ANALYSIS OF CHARITABLE FUNDS (continued)

Restricted funds

Restricted funds
				At 31 March
	At 1 April 2020	Income	Expenditure	2021
	£	£	£	£
Big Energy	-	23,559	(23,559)	-
Cumbria Community Foundation	-	-	-	-
Penston Guidance	-	85,984	(85,984}	-
Donations for DROs	5,371	-	(554)	4,817
Hadfield Trust	-	-	-	-
HousingAdvice	-	16,500	(16,500}	-
Peer Review	-	-	-	-
Cumbria County Council - MoneyAdvice	-	-	-	-
Financial Inclusion Project	-	83,909	(83,909}	-
Macmillan	-	29,195	(29,195)	-
ABC Foodbank Funding	-	-	-	-
Coalfields Regeneration Trust	-	10,000	(10,000)	-
Help to Claim	-	25,313	(25,313)	-
	5,371	274,460	(275,014)	4,817
				At 31 March
	At 1 April 2019	Income	Expenditure	2020
	£	£	£	£
Big Energy	-	26,616	(26,616)	-
Cumbria Community Foundation	-	23,416	(23,416)	-
Pension Guldance	-	61,697	(61,697)	-
Donations for DROs	810	6,250	(1,689)	5,371
Hadfield Trust	-	8,333	(8,333)	-
HousingAdvice	-	-	-	-
PeerReview	-	700	(700)	-
Cumbria County Council -MoneyAdvice	-	66,570	(66,570)	-
Financial Inclusion Project	-	79,553	(79,553)	-
Macmillan	-	32,259	(32,259)	-
ABCFoodbank Funding	-	12,500	(12,500)	-
Coalfields Regeneration Trust	-	-	-	-
Help to Claim	-	-	-	-
	810	317,894	(313,333)	5,371

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a “

Citizens Advice Allerdale

a

| ! ! |

Company Limited by Guarantee

Notes to the Financlal Statements (continued)

Year ended 31 March 2021

gv

24.	ANALYSIS OF NETASSETS BETWEEN FUNDS
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2021
		£	£	£
	Tangible fixed assets	14,645	-	14,645
	Current assets	247,556	4,817	252,373
	Creditors less than 1year	(68,582)	-	(68,582)
	Provisions	(4,522)	-	(4,522)
	Net assets	189,097	4,817	193,914
		Unrestricted	Restricted	Total Funds
		Funds £	Funds £	2020 £
	Tangiblefixed assets	5,802	-	5,802
	Current assets	196,846	5,371	202,217
	Creditors lessthan 1year	(29,536)	-	(29,536)
	Provisions	(5,358)	-	(5,358)
	Net assets	167,754	5,371	173,125
25.	ANALYSIS OF CHANGES IN NET DEBT
				At
		AtiApr2020	Cashflows	31 Mar 2021
		£	£	£
	Cash at bankand tn hand	136,364	77,600	213,964
26.	OPERATING LEASE COMMITMENTS
	The total future minimum lease payments under	non-cancellable operating	leases are as follows:
			2021	2020
			£	£
	Not laterthan 1year		2,100	2,100
	Laterthan 1yearand not Jaterthan 5years		8,400	8,400
	Laterthan 5 years		19,425	21,775
			29,925	32,275

27. RELATED PARTIES

No transactions with related parties were undertaken, other than remuneration of key management personnel as disclosed in the notes, such as are required to be disclosed under the Charities SORP (FRS 102).

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