2022-03-31-accounts - Citizens Advice Allerdale

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COMPANY REGISTRATION NUMBER: 04646727 CHARITY REGISTRATION NUMBER: 1097260

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Citizens Advice Allerdale

Company Limited by Guarantee Unaudited Financial Statements

31 March 2022

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

Citizens Advice Allerdale

Company Limited by Guarantee

Financial Statements

Year ended 31 March 2022

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |PAGE| |Trustees’|annual|report|(incorporating|the|director's|report)|1| |Independent|examiner's|report|to the|trustees|7| |Statement|of financial|activities|(including|income|and|expenditure| |account}|9| |Statement|of financial|position|10| |Statement|of|cash|flows|12| |Notes|to|the|financial|statements|13| |The|following|pages|do|not|form|part|of the|financial|statements| |Detailed|statement|of|financial|activities|27| |Notes|to|the|detailed|statement|of financial|activities|29|

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Citizens Advice Allerdale

Company Limited by Guarantee

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

Year ended 31 March 2022

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 2022.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered charityname	Citizens Advice Allerdale
Charityregistration 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
	MrA Clark	(Resigned 20 October 2022)
	MrW Pegram
	Ms LM McDonald
	Ms S Stamper	{Resigned 20October 2022)
	MrAl Semple
COMPANY SECRETARYAND CHIEF
OFFICER	Mrs T Edwards
INDEPENDENT EXAMINER	Mr William Moore BA, FCA
	Saint & Co Chartered Accountants
	Unit 7B Lakeland Business Park
	Cockermouth
	Cumbria
	CA13 OQT
BANKERS	HSBC Bank Plc
	3 Pow Street
	Workington
	Cumbria
	CA143AH

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Citizens Advice Allerdale

Company Limited by Guarantee

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

Year ended 31 March 2022

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 Pegrarm.

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 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

Company Limited by Guarantee

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

Year ended 31 March 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT (continued)

Risks Policy

We have a Risk Register which we review at least annually. The key risks at the moment are:

¢ The ongoing impact of Covid-19 and the increased demand on our services created through administering financial assistance to clients, such as the Household Support Fund and fuel vouchers.
¢ Funding from Statutory Bodies and other funders which continue at the same level or may reduce. ¢ The loss of key experienced staff.
The reduction in income from the Legal Aid Agency due to a reduced demand for housing possession related casework during the pandemic.

OBJECTIVES AND ACTIVITIES

The Aims of Citizens Advice Allerdale

The Citizens Advice service provides free, independent, confidential and impartial advice to everyone on their rights and responsibilities. It values diversity, promotes equality and challenges discrimination.

We aim to:

provide the advice people need for the problems they face.
- improve the policies and practices that affect people's lives.

We have a three year Business and Development Plan which is reviewed 6 monthly to address any changes in funding levels or service delivery requirements that may have arisen.

Our objectives are:

¢ To meet the required standards of the national Citizens Advice membership scheme.
To meet the needs of clients presenting themselves to us.
¢ To review our service delivery model at regular intervals to ensure that we are effective in the use of our resources.
To regularly review our budget forecast to ensure our organisation remains financially viable.
Tocontinue to develop our advice channels to enable a provision that both meets the needs of all our clients and matches our resources.

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Citizens Advice Allerdale

Company Limited by Guarantee

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

Year ended 31 March 2022

ACHIEVEMENTS AND PERFORMANCE

Achievements during the year

We have met all the requirements of the Citizens Advice Membership Scheme.
¢ We have met all the requirements for the Special Quality Mark standard.
We have continued to review and adapt out service model to meet the needs of the clients presenting to us and to meet the required Covid restrictions.
We have continued to review our main funding sources and to make funding applications to other organisations and trust funds, where potential changes/reductions were identified.
We have worked collaboratively with other local Citizens Advice in Cumbria to source partnership funding.
We employed 26 staff including 2 Business Administration Apprentices and we have a volunteer workforce of 33 comprising 26 General Advisors and 7 Trustees.
We continue to provide a Pension Wise service for Cumbria and a Legal Aid Housing service for Allerdale and Copeland.
We continue to develop and contribute to Research and Campaigns to address the policies, practices and procedures that impact on the lives of people both nationally and in Allerdale.
¢ Wecontinue to champion equality by: “+ Challenging discrimination through advice
“* Championing equality through research and campaigns “+ Valuing diversity as an employer and volunteer agency

Donations and Grants Policy

Citizens Advice Allerdale does not provide grants or donations to other charities or organisations.

Voluntary Help

Citizens Advice Allerdale receives help from volunteers throughout its organisation - the equivalent of 4.5 full time equivalent employees.

Public Benefit

We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims 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 2022

FINANCIAL REVIEW

During the year, total incoming resources amounted to £574,180 (2021: £548,443) which resulted in net incoming resources of £51,727 (2021: £20,789) and unrestricted funds at 31 March 2022 of £242,832 (2021: £189,097).

Reserves Policy

Citizens Advice Allerdale is required to ensure that free monies are available in each financial year to meet any reasonably 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.

The Trustees review our Reserves Policy annually and this is currently set at £160,000. Total reserves at 31 March 2022 were £245,641.

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).

PLANS FOR FUTURE PERIODS

¢ To continue to strengthen the impact, quality and sustainability of Citizens Advice Allerdale by increasing the emphasis on joint working.
¢ To continue to research funding opportunities and submit applications to increase and diversify the funding base.
¢ To building on the capacity of our teams through the development of skill sets via a comprehensive training programme.
- To strengthen the number of volunteers through an active recruitment process for all volunteer roles. * To continue to develop our service delivery channels to meet the needs of our clients.

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Citizens Advice Allerdale

Company Limited by Guarantee

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

Year ended 31 March 2022

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 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. 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 required to:

¢ select suitable accounting policies 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 17 November 2022 and signed on behalf of the board of trustees by:

Mr KA 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 2022

| report to the trustees on my examination of the financial statements of Citizens Advice Allerdale (‘the charity’) for the year ended 31 March 2022.

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 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 Act and are eligible for independent examination, | 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 | 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 ofthe 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:

accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
the financial statements do not accord with those records; or
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
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

Company Limited by Guarantee

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

Year ended 31 March 2022

[| 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 Cumbria CA13 O0QT

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Citizens Advice Allerdale

Company Limited by Guarantee

Statement of Financial Activities {including income and expenditure account)

Year ended 31 March 2022

			2022		2021
		Unrestricted	Restricted
		funds	funds	_—‘Total funds	Totalfunds
	Note	£	£	£	£
Income and endowments
Donations and legacies	5	228,762	286,453	515,515	544,940
Charitable activities	6	58,876	-	58,876	3,043
Investment income	7	42	-	42	135
Other income	8	-	47	47	325
Total income		287,680	286,500	574,180	548,443
Expenditure
Expenditureon charitable activities	9,10	(233,945)	(288,508)	(522,453)	(527,654)
Total expenditure		(233,945)	(288,508)	(522,453)	(527,654)
Netincomeand net movement Infunds		53,735	(2,008)	51,727	20,789
Reconciliation offunds
Total funds brought forward		189,097	4,817	193,914	173,125
Totalfundscarriedforward		242,832	2,809	245,641	193,914

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

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 2022

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |2022|2021| |Note|£|£|£| |FIXED|ASSETS| |Tangible|fixed|assets|16|10,063|14,645| |CURRENT|ASSETS| |Stocks|17|12,958|7,051| |Debtors|18|32,148|31,358| |Cash|at|bank|and|in|hand|220,585|213,964| |265,691|252,373| |CREDITORS:|amounts|falling|due|within|one|year|19|28,867|68,582| |NEF CURRENT ASSETS|236,824|183,791| |TOTAL ASSETS|LESS|CURRENT|LIABILITIES|246,887|198,436| |PROVISIONS| |Pensions|and|similar|obligations|20|1,246|4,522| |NET ASSETS|245,641|193,914| |FUNDS|OF|THE|CHARITY| |Restricted|funds|2,809|4,817| |Unrestricted|funds|242,832|189,097| |Total|charity funds|23|245,641|193,914|

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For the year ending 31 March 2022 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

e The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
e The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation offinancial 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

Company Limited by Guarantee

Statement of Financial Position (continued)

31 March 2022

These financial statements were approved by the board of trustees and authorised for issue on 20 December 2022, and are signed on behalf of the board by:

Mr KA Little Director

Company Registration Number: 04646727 Charity Registration number: 1097260

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

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Citizens Advice Allerdale

Company Limited by Guarantee

Statement of Cash Flows

Year ended 31 March 2022

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|||||||||| |---|---|---|---|---|---|---|---|---| |2022|2021| |£|£| |CASH|FLOWS|FROM|OPERATING|ACTIVITIES| |Net|income|51,727|20,789| |Adjustments for:| |Depreciation|of tangible|fixed|assets|4,582|5,030| |Government|grant|income|-|(5,495)| |Other|interest|receivable|and|similar|income|(42)|(135)| |Accrued|(income)/expenses|(47,590)|33,370| |Changes|in:| |Stocks|(5,907)|6,015| |Trade|and|other|debtors|9,166|20,961| |Trade and|other creditors|(2,081)|6,144| |Provisions|and|employee|benefits|(3,276)|(836)| |Cash|generated|from|operations|6,579|85,843| |Interest|received|42|135| |Net|cash|from|operating|activities|6,621|85,978| |CASH|FLOWS|FROM|INVESTING|ACTIVITIES| |Purchase|of tangible|assets|-|(13,873)| |Net|cash|used|In|investing|activities|-|(13,873)| |CASH|FLOWS|FROM|FINANCING|ACTIVITIES| |Government|grant|income|~|5,495| |Net|cash|from|financing|activities|-|5,495| |NET|INCREASE|IN|CASH|AND|CASH|EQUIVALENTS|6,621|77,600| |CASH AND|CASH|EQUIVALENTS AT|BEGINNING|OF YEAR|213,964|136,364| |CASH AND|CASH|EQUIVALENTS AT|END|OF YEAR|220,585|213,964|

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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

Notes to the Financial Statements

Year ended 31 March 2022

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.

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 treland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.

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 Ilabilities 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 of a public benefit entity under FRS102.

Going concern

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

Disclosure exemptions

The charity has taken advantage of the disclosure exemptions permitted by the Charities SORP 2015 (FRS102) regarding inclusion of a Statement of Cash Flows as the Charity is a small charity as defined in Update Bulletin 1 of the Charities SORP (FRS102).

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 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.

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Citizens Advice Allerdale

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2022

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 less 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 offinancial 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:

° 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.
° 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 facilities 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 on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

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Citizens Advice Allerdale

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2022

3. ACCOUNTING POLICIES (continued)

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:

e expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
e 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.

Ail costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity 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 residual value, over the useful economic life of that asset as follows:

Fixtures and fittings - Sor10 years 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.

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

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2022

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 receivable. 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 as a liability.

Provisions

Provisions 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 ofthe cost of an asset. Whena 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 Ifabilities 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 2022

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.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment 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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a .

Citizens Advice Allerdale

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2022

5. DONATIONS AND LEGACIES

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2022
	£	£	£
DONATIONS
Allerdale Borough Council	26,400	-	26,400
WorkingtonTown Council	5,000	-	5,000
MaryportTown Council	1,000	-	1,000
WigtonTown Council	500	-	500
KeswickTown Council	500	-	500
Parish councils	1,530	-	1,530
Donations received	3,878	-	3,878
GRANTS
Cumbria County Council -MoneyAdvice Grant	66,570	-	66,570
Citizens Advice Bureau Grants	43,642	-	43,642
Other Grants received	21,500	-	21,500
MAPS Financial Inclusion Project	-	79,754	79,754
Hadfield Trust	5,000	-	5,000
Pension Guidance	-	85,151	85,151
Cumbria Community Foundation	12,000	-	12,000
Energy Grants	-	27,378	27,378
Foodbank Funding	6,760	-	6,760
Francis C Scott Trust	-	-	-
Help to Claim Grant	-	25,495	25,495
The Access to Justice	-	-	-
Mental Health Wellbeing Grant	34,482	~	34,482
Coalfields Regeneration Trust	-	-	-
TWC Covid Grant	-	33,750	33,750
Macmillan	-	34,925	34,925
Government grant income	-	-	-
	228,763	286,453	515,215
	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
Wigton Town Council	500	-	500
Keswick Town Council	500	-	500
Parish councils	1,545	-	1,545
Donationsreceived	10,568	-	10,568

18 -

Citizens Advice Allerdale

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2022

5. DONATIONS AND LEGACIES (continued)

			Unrestricted	Restricted	Total Funds
			Funds	Funds	2021
			£	£	£
	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
	MAPS 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
	TWC Covid Grant		-	-	-_
	Macmillan		-	29,195	29,195
	Government grant income		5,495	-	5,495
			270,480	274,460	544,940
6.	CHARITABLE ACTIVITIES
		Unrestricted	TotalFunds	Unrestricted	Total Funds
		Funds	2022	Funds	2021
		£	£	£	£
	LAA income	24,386	24,386	3,043	3,043
	Admin fees for managingfunding schemes
	as agent	34,490	34,490	_	-
		58,876	58,876	3,043	3,043
7.	INVESTMENT INCOME
		Unrestricted	TotalFunds	Unrestricted	Total Funds
		Funds	2022	Funds	2021
		£	£	£	£
	Bankinterest	42	42	135	135

-19-

Citizens Advice Allerdale

Company Limited by Guarantee

Notes to the Financial Statements (continueg)

Year ended 31 March 2022

8. OTHER INCOME

		Unrestricted	Restricted	Total Funds
		Funds	Funds	2022
		£	£	£
	Miscellaneous Income	-	47	47
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2021
		£	£	£
	Miscellaneous Income	325	-	325
9.	EXPENDITURE ON CHARITABLE ACTIVITIES BY FUNDTYPE
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2022
		£	£	£
	Advice and support	81,661	286,452	368,113
	Support costs	152,284	2,056	154,340
		233,945	288,508	522,453
		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

10. EXPENDITURE ON CHARITABLE ACTIVITIES BY ACTIVITY TYPE

	Activities
	undertaken		Totalfunds	Total fund
	directly	Support costs	2022	2021
	£	£	£	£
Advice and support	368,113	150,877	518,990	521,824
Governance costs	-	3,463	3,463	5,830
	368,113	154,340	522,453	527,654

-20-

Citizens Advice Allerdale

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2022

11. ANALYSIS OF SUPPORT COSTS

		Charitable
		Activities	Total 2022	Total 2021
		£	£	£
	Staff costs	114,022	114,022	74,846
	Premises	22,203	22,203	31,880
	Communications and I(T	1,391	1,391	5,704
	General office	13,261	13,261	14,539
	Governance costs	3,463	3,463	5,830
		154,340	154,340	132,799
12.	NET INCOME
	Net income is stated aftercharging/(crediting):
			2022	2021
			£	£
	Depreciation oftangible fixed assets		4,582	5,030
	Operating lease payments recognised as an expense in the year		2,100	2,100
13.	INDEPENDENT EXAMINATION FEES
			2022	2021
			£	£
	Fees payable to the independent examiner for:
	Independent examination ofthe financial statements		1,300	1,290
	Otherfinancial services		690	1,350
			1,990	2,640

14. STAFF COSTS

The total staff costs and employee benefits for the reporting period are analysed as follows:

The total staff costscosts and employee benefits for the reporting	period are analysed as follows:
	2022	2021
	£	£
Wages and salaries	415,709	413,453
Social security costs	29,045	25,738
Employer contributions to pension plans	20,173	18,629
	464,927	457,820

The average head count of employees during the year was 23 (2021: 24).

No employee received employee benefits of more than £60,000 during the year (2021: 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 £83,415 (2021: £94,379).

-21-

Citizens Advice Allerdale

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2022

15. TRUSTEE REMUNERATION AND EXPENSES

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

16. TANGIBLE FIXED ASSETS

		Fixtures and
		fittings	Total
		£	£
	Cost
	At 1 April 2021 and 31 March 2022	82,329	82,329
	Depreciation
	At 1 April 2021	67,684	67,684
	Charge forthe year	4,582	4,582
	At 31 March 2022	72,266	72,266
	Carryingamount
	At 31 March 2022	10,063	10,063
	At 31 March 2021	14,645	14,645
17.	STOCKS
		2022	2021
		£	£
	Work in progress	12,958	7,051
18.	DEBTORS
		2022	2021
		£	£
	Trade debtors	17,414	24,352
	Prepayments and accrued income	14,734	7,006
		32,148	31,358
19.	CREDITORS: amounts falling due within one year
		2022	2021
		£	£
	Trade creditors	2,347	1,352
	Accruals and deferred income	24,177	61,811
	Social security and othertaxes	2,343	5,419
		28,867	68,582

tncluded within accruals and deferred income above is £9,949 (2021: £33,890) being balances of funds held as agent at 31 March 2022. During the year £143,312 was received and £167,253 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 2022

20. PROVISIONS

	Pensions and
	similar
	obligations
	£
At 1 April 2021	4,522
Charge against provision	(3,276)
At31March2022	1,246

The provision is from an actuarial valuation given by TPT Retirement Solutions - The Growth Plan as at 31 March 2022. The scheme is classified as a ‘last man standing arrangement’. Therefore the charity is potentially liable for other participating employers’ obligations if those employers are unable to meet their share of the scheme deficit following withdrawal from the scheme.

21. 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 £20,173 (2021: £18,629).

22. GOVERNMENT GRANTS

The amounts recognised in the financial statements for government grants are as follows:

				2022	2021
				£	£
Recognised in incomefrom donations and legacies:
Coronavirus Job Retention Scheme				-	5,495
ANALYSIS OF CHARITABLE FUNDS
Unrestricted funds
					At 31 March
At 1 April		2021	Income — Expenditure		2022
		£	£	£	£
General funds	189,097		287,680	(233,945)	242,832
					At 31 March
At	1 April	2020	Income —_Expenditure		2021
		£	£	£	£
Generalfunds	167,754		273,983	(252,640)	189,097

23. ANALYSIS OF CHARITABLE FUNDS

-23-

Citizens Advice Allerdale

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2022

23. ANALYSIS OF CHARITABLE FUNDS (continued)

Restricted funds
				At 31 March
	At 1 April 2021	Income	Expenditure	2022
	£	£	£	£
Energy Grants	-	27,378	(27,378)	-
Pension Guidance	-	85,151	(85,151)	-
DROs	4,817	47	(2,055)	2,809
CAB Grants	-	-	-	-
MAPS	-	79,754	(79,754)	-
Macmillan	_	34,925	(34,925)	-
TransformingWestCumbria	-	33,750	(33,750)	-
Coalfields Regeneration Trust	-	-	-	-
Help to Claim	-	25,495	(25,495)	-
	4,817	286,500	(288,508)	2,809
				At 31 March
	At 1 April 2020	Income —_Expenditure		2021
	£	£	£	£
Energy Grants	-	23,559	(23,559)	-
Pension Guidance	-	85,984	(85,984)	-
DROs	5,371	-	(554)	4,817
CAB Grants	-	16,500	(16,500)	-
MAPS	-	83,909	(83,909)	-
Macmillan	-	29,195	(29,195)	-
Transforming West Cumbria	-	-	-	-
Coalfields Regeneration Trust	-	10,000	(10,000)	-
Help to Claim	-	25,313	(25,313)	-~
	5,371	274,460	(275,014)	4,817

-24-

Citizens Advice Allerdale

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2022

24. ANALYSIS OF NET ASSETS BETWEEN FUNDS

		Unrestricted	Restricted	Total Funds
		Funds	Funds	2022
		£	£	£
	Tangible fixed assets	10,063	-	10,063
	Current assets	262,882	2,809	265,691
	Creditors less than 1year	(28,867)	-	(28,867)
	Provisions	(1,246)	-	(1,246)
	Net assets	242,832	2,809	245,641
		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
25.	ANALYSIS OF CHANGES IN NET DEBT
				At
		At1Apr2021	Cashflows	31 Mar 2022
		£	£	£
	Cash at bank and in hand	213,964	6,621	220,585
26.	OPERATING LEASE COMMITMENTS
	Thetotalfutureminimumleasepaymentsundernon-cancellableoperating		leasesareasfollows:

	2022	2021
	£	£
Not jater than 1 year	2,100	2,100
Later than 1 year and not laterthan 5 years	8,400	8,400
Later than 5 years	17,325	19,425
	27,825	29,925

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).

-25-