2021-03-31-accounts - Charnwood Citizens Advice Bureau

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Trustees' and Directors'	Report	Page 2-13
Statement ofTrustees'	and Directors' Responsibilities	14
Independent Examiner's	Report	15
Statement of Financial	Activities	16
Balance Sheet		17
Notes tothe Financial Statements		18-33

The financial	The financial	The financial	statements	statements	statements	comply with the Charities	comply with the Charities	comply with the Charities	Act 2011, the Companies	Act 2011, the Companies	Act 2011, the Companies	Act 2011, the Companies	Act	2006, the	2006, the	Memorandum	Memorandum
Articles	of	Association,				and	Accounting and	Reporting		by Charities:		Statement		of	Recommended		Practice
(SORP),	applicable			to	charities preparing their			accounts		in	accordance	with	the	Financial		Reporting	Standard
applicable		in	the UK	and Republic of Ireland (FRS 102)(effective 1 January 2015).
REFERENCE AND ADMINISTRATIVE INFORNIATION
Charity	number:						1102353
Company			number:				4984410
Authorised			&regulated			by	the Financial Conduct		Authority FRN:				617548
Registered			office:				Woodgate Chambers
							70Woodgate
							LOUGHBOROUGH
							Leics, LE112TZ
Trustee	Directors			(at	the date ofthis report):
							Neil Patrick		Chair
							Michael Duggan
							Michael Higgs		Hon. Treasurer
							lain Kirtley
							Roderick Pearson
Company			Secretary:				lan Dennis
Senior	management				team:
							lan Dennis		Chief		Officer
							Paula Tobin		Deputy Chief Officer/Operations						Manager
Independent Examiner:							Helen Harrison MAAT
							CBS (Accounting)	Limited
							Oak Business Centre
							79-93Ratcliffe Road
							Sileby
							LOUGHBOROUGH
							Leics LE127PU
Bankers:							The Co-operative	Bank p.l.c.

Neil Patrick (Chair)
Jean Anderson	Resigned	31 March 2021
Andrew Bate	Resigned	1 May 2020
Ann Brass	Resigned	19August 2020
Steffan Burge	Appointed	10December 2020
Michael Duggan
Janette Halliday	Appointed	10December 2020
Ada Harrop
Michael Higgs (Hon Treasurer)
lain Kirtley	Appointed	10December 2020
Roderick Pearson
Tricia Wray

Subsequent tothe year-end,	the following trustee directors have resigned:
Ada Harrop	Resigned 7April 2021
Janette Halliday	Resigned 10May 2021
Tricia Wray	Resigned 5August 2021
Steffan Surge	Resigned 31August 2021

			Note	Unrestricted	Restricted	Total	Unrestdicted	Restricted	Total
				Funds 5	Funds 5	2021f	Funds	Funds	2020f
Income from:
Donations 8 gifts				5,957		5,957	5,586		5,586
Charitable activities				63,928	169,678	233,606	80,444	140,224	220,668
Investment income				410		410	303		303
Other							5,261		5,261
Total income				70,295	169,678	239,973	91,954	140,224	231,818
Expenditure on:
Charitable activities			9,	(54,486)	(172,916)	(227,402)	(85,860)	(143,913)	(229,773)
			10,11
Total expenditure				(54,486)	(172,916)	(227,402)	(85,860)	(143,913)	(229,773)
Net income I				15,809	(3,238)	12,571	5,734	(3,689)	2,045
(expenditure) before
exceptional item
Exceptional item		—	8	3,251		3,251	6,161		6,161
Movement on	defined
benefit pensions	scheme
funding obligation
Net income forthe year				19,060	(3,238)	15,822	11,895	(3,689)	8,206
Transfers between	funds			(4,298)	4,298		(4,106)	4,106
Net movement in funds				14,762	1,060	15,822	7,789	417	8,206
for the year
Reconciliation offunds:
Total funds brought				32,475	5,942	38,417	34,909	5,517	40,426
forward (2020:as
previously reported)
Prior period adjustment							(9,280)	(935)	(10,215)
Adjustment to	transfer						(943)	943
between reserves
Total Funds brought			17b	32,475	5,942	38,417	24,686	5,525	30,211
forward (2020 restated)
Total funds	carried		17a	47,237	7,002	54,239	32,475	5,942	38,417
forward

As at 31 March	2021
							2021		2020
						Note				F
Fixed assets
Tangible assets
Current assets
Debtors						13	10,604		19,744
Cash at bank and in	hand					20	111,087		67,925
								121,691		107,669
Liabilities
Creditors:amountsfallingduewithinoneyesr						14	(16,313)	(16,313)	(16,662) —	(16,662)
Net current assets								105,378		91,007
Creditors: amounts	falling		due	after	more
than one year
Provision for liabilities						15		(18,000)		(16,200)
Net assets before defined			benefit pension					87,378		74,807
liability
Defined benefit pension		funding		liability		16		(33,139)		(36,390)
Total net assets								54,239		38,417
Funds ofthe charity
Unrestricted & designated			funds		before	17	80,378		66,865
pension reserve
Pension reserve							(33,139)		(36,390)
Unrestricted and designated			funds					47,237		32,475
Restricted funds						17		7,002		5,942
Total charity funds								54,239		38,417

4 Donations and legacies	4 Donations and legacies	4 Donations and legacies	4 Donations and legacies
				Unrestricted			Restricted	Total 2021	Unrestricted	Restricted	Total2020
							6	6		6
Donations and ggts					5,957			5,597	5,586		5,586
Note that donations including			GIRAid tax		recovery	where appropriate.
5 Income from charitable				activities
Grant and contract income				Unrestricted			Restdcted	Total	Unrestricted	Restricted	Total
receivable for charitable								2021	F	E	2020
activities.								6
Chamwood Borough Council
Core advice					62,428			62,428	62,428		62,428
Money Advice							28,561	28,561		28,500	28,500
Homelessness support							23,052	23,052		23,000	23,000
Welfare Benefit							4,414	4,414
Armed Forces Covenant									13,174		13,174
Leicesters hire County Council
Core advice							48,220	48,220		48,220	48,220
Covid 19Recovery	Grant						16,790	16,790
Round 1
Covid 19Recovery	Grant						533	533
Round 2
Leicesters hire &		Ruiland					1,954	1,954
Community Foundation	- Training
National Citizens Advice
Help to Claim service							24,895	24,895		24,246	24,246
Energy Best Deal /Advice							4,800	4,800		6,600	6,600
BEISRemote Working							3,620	3,620
Other									632	158	790
Shepshed Town Council							9,500	9,500		9,500	9,500
Intelligent Energy									2,409		2,409
Syston &District Volunteer		Centre							1,801		1,801
Total income from	charitable				63,928		169,678	233,606	80,444	140,224	220,668
activities
6 Investment income
				Unrestricted			Restricted	Total	Unrestricted	Restricted	Total
							6	2021	6		2020
								F			E
Interest received					410			410	303		303
7 Other Income
				Unrestricted			Restricted	Total	Unrestricted	Restricted	Total
						6	5	2021	E	6	2020
								6			6
Sundry rental income									5,261		5,261
Proceeds of insurance claim
Total Other Income									5,261		5,261
							22

As identified in Note 3, and detailed in Note	As identified in Note 3, and detailed in Note	16, the company	16, the company	16, the company	is unable to	identify	its liabilities for the defined	its liabilities for the defined	its liabilities for the defined	benefit
pension plans and treats them as a defined		contribution		scheme and charges the			deficit funding		to the Statement	of
Financial Activities to reflect the costs adising from the membership ofthe						plans. However, the Trustees evaluate				the
obligation in relation to the scheme liabilities and			include	certain discount adjustments				and actuarial adjustments
when establishing the liability. Changes	in this obligation			are treated as an		exceptional		item.
								2021	2020
								6
Deficit contributions paid								5,598	5,434
Unwinding of discount —finance cost								(856)	(579)
Re-measurement of liability —Gain	/ (Loss)		arising	from	a change	in		1,491	1,306
assumptions
Re-measurement —Gain / (Loss) arising		from	amendment		to contribution
schedule
Total exceptional gain								3,251	6,161
9 Net incoming resources forthe year
								2021	2020
								E
This isstated after charging:
Operating leases —land and buildings								25,000	25,000
Operating leases —other (photocopier)								580	594
Independent Examiners' remuneration:
- Independent Examination fee								2,400	2,400
-Overprovision of prior year Independent		Examination		fee				(1,650)
- Other services (accountancy advice	and	payroll services)						1,368	1,368

							2021	2021	2020	2020
							Full Time	Head	Full Time	Head
							Equivalent	Count	Equivalent	Count
The average	number		of paid	employees	analysed	by
function:
Advice workers Key management		and support staff personnel					4.0 1.6	8.0 2.0	3.6 1.6	7.0 2.0
Total							5.6	10.0	5.2	9.0

11Employees	(continued)
					2021	2020
					F	E
Employment	costs
Wages and salaries					128,547	131,833
Social security	costs				5,169	6,248
Other benefits	—childcare vouchers				240	1,066
Pension costs	—defined contribution		schemes		6,256	5,763
Other pension	costs- defined	benefit	schemes- SVSPS	(see note 17a)	5,587	6,228
Other pension	costs —defined	benefit	schemes —Growth	Plan (see note 17b)	11	30
					145,810	151,167

Debtors
		2021	2020
			E
Trade debtors			6,127
Prepayments		7,431	7,425
Accrued income		3,173	5,767
Other debtors			425
		10,604	19,744
Creditors: amounts	falling due within one year
		2020	2020
		E	E
Trade creditors		3,182	1,507
Taxation and social Deferred income *	security costs	1,992 2,953	1,087 6,176
Accruals		7,652	7,373
Pension contributions		534	519
		16,313	16,662

this fu paid,	nding shorffall, the trustees and t in combination from all employers,	he participating employers have tothe scheme as follows:	ag	reed	th	at additional	co	ntributions
Total	deficit contributions based on	30Se tember 2017valuation
From	1 April 2019to 30September 2026:	91,404,636 per annum (payabie		monthly		and increasing		by 3%each
		year on 1stApril)
From	1 April 2019to 30September 2027:	F136,701 per annum(payable	monthly		and increasing		by	3% each
		year on 1stApril)

past and present) with the Tr	ustee; the company is not one ofthose em	ustee; the company is not one ofthose em	ustee; the company is not one ofthose em	ustee; the company is not one ofthose em	pl	oyers.
Tote!deficit contributions	based on 30Se tember 2014valuation
From 1 Apriil 2016to 31 October	2029	61,323,116per annum		(payable		monthly	and increasing	by 3%each on
		1tApril)
Fram 1 April 2016to 30September 2031		6292,376per annum		(payable	monthly		and increasing	by 3%each on
		1stApril)
From 1 April 2016tc30September 2031		637,475 per annum	(payable		monthly)

Trustee has asked the participating em	ployers	to pay additional contribu	tions to	the	sche	me as fo	llows	:
Total deficit contributions based on	30Se	ember 2017valuation
From 1 April 2019to31 January 2025		511,243,000 per annum on 1stApdii)	(payable	monthly		and increasing		by 3%each
Unless a concession has been agreed	with the	Trustee the term to 31 January 2025			applies.
Total deficit contributions based on	30Se	mber 2014valuation
From 1 April 2016tc30September 2025:		r12,945,440 per annum on 1stApril)	(payabie	monthly		and increasing		by 3% each
From 1 April 2016tc30September 2028:		F54,560per annum (payable monthly 1stApdil)			and	increasing	by 3%each on

		31	March 2021		31 March 2020
		%	per annum		%per annum
Rate	ofdiscount			0.66		2.53

17 Movement in Fun 17aCurrent year	ds
		Balance at	Income	Expendit	Transfer	Balance at
		31stMarch		ure	between	31st	March
		2020			funds	2021
		E
Unrestricted funds
General Funds		60,865	70,295	(51,235)	(14,716)		65,209
Pension Fund		(36,390)			3,251	(33,139)
Total General funds		24,475	70,295	(51,235)	(11,465)		32,070
Designated fund—		8,000			8,000		16,000
Equipment
Total Unrestricted funds		32,475	70,295	(51,235)	(3,4651		48,070
Restricted funds
Charnwood Borough Council		44	28,561	(28,929)	324
—Money Advice (a)
Charnwood Borough Council			4,414	(5,247)	833
—Welfare Benefit (b)
Charnwood Borough Council			3,339	(3,339)
—Covid Recovery Grant (c)
Charnwood Borough Council		4,211	23,052	(31,434)	4,171
—Homelessness Prevention
(d)
Citizens Advice - Energy			4,800	(2,331)	(2,469)
Best Deal (e)
Citizens Advice —Help	to		24,895	(29,697)	4,802
Claim (f)
Citizens Advice- BEIS			3,620	(2,776)
Remote Working Fund Leicestershire County	(g)	15	48,220	(43,833)			4,402
Council —Core Advice	(h)
Leicestershire County
Council —Signposting	and
Community Support (i)
Leicestershire County			16,790	(9,516)	(7,274)
Council —Covid Grant
Round 1 (I)
Leicestershire County			533	(487)			46
Council —Round 2(k)
Leicestershire & Rutland			1,954	(2,962)	1,008
Community Foundation
Grant re Training (I)
Shepshed Town Council—		1,664	9,500	(12,365)	2,903		1,702
Outreach (m)
Total Restricted funds		5,942	169,678	(172,916)	4,298		7,002
Total funds		38,417	239,973	(224,151)			54,239

17bPrior year
			Balance	at	Prior		Balance	Income	Expenditur	Transfe	Balance
			31stMarch		period		at 31st		e	I'	at 31st
			2019(as		adjustmen		March			betwee	March
			previously		ts (net	of	2019			nfunds	2020
			reported)		transfers)		(restate
							d) f
Unrestricted funds
General Funds			77,460		(10,223)		67,237	91,594	(79,699)	(18,267)	60,865
Pension Fund			(42,551)				(42,551)			6,161	(36,390)
Total General funds			34,909		(7,884)		24,686	91,594	(79,699)	(12,106)	24,475
Designated fund—										8,000	8,000
Equipment
Total Unrestricted			34,909		(10,223)		24,686	91,594	(79,699)	(4,106)	32,475
funds
Restricted funds
Charnwood	Borough		186			(186)		28,579	(28,535)		44
Council —Money		Advice
(a)
Citizens Advice -		Energy						6,600	(4,493)	(2,107)
Best Deal (e)
Citizens Advice		—Help		30			30	24,246	(25,895)	1,619
to Claim (f)
Chamwood	Borough		3,585				3,585	23,079	(22,453)		4,211
Council —Homelessness
Prevention (d)
Leiceste rehire		County		30		(15)	15	48,220	(50,208)	1,988	15
Council —Core		Advice
(il)
Leicestershire		County									8
Council —Signposting
and Community	Support
(i)
Shepshed Town		Council	1,678			209	1,887	9,500	(12,329)	2,606	1,664
—Outreach (m)
Total Restricted		funds	5,517			8	5,525	140,224	(143,913)	4,106	5,942
Total funds			40,426		(10,215)		30,211	231,818	(223,612)		38,417

Fund Descriptions
General Funds
These are the accumulated unrestricted funds ofthe charity.
Pension Fund
The pension reserve represents the discounted liability of the committed					contributions				to the		multi-employer
pension schemes.
Designated Fund —Equipment
The Trustees resolved to establish a designated fund to build		a reserve	to fund				the ongoing			replacement			of		IT
equipment that has been expensed, rather than capitalised and		depreciated.
Restricted Funds
(aj Charnwood Borough Council- Money Advice
This funding from the Borough Council is outreach funding	to enable the			charity to provide						debt advice			at	our
offices. This service is provided by specialist, paid, advisers.
(bj Chamwood Borough Council —Welfare Benefits
This short term funding was for a staff member to improve	the uptake of		welfare				benefits		in the		borough		during
the Covid-1 9pandemic.
(cj Chamwood Borough Council- Covid Recovery Grant This grant was to assist with funding of additional health and safety requirements							during the		Covid-19 pandemic.
(dj Chamwood Borough Council- Homelessness Prevention
This project, funded through Charnwood Borough Council is	to	assist clients			in debt and prevent homelessness										in
the borough. Specialist, paid, advisers deliver this service.
(ej Citizens Advice —Energy BestDeal Extra
This funding, through national Citizens Advice is to provide	clients with energy advice, especially										to those		clients
in fuel poverty.
(fj Citizens Advice- Help to Claim
This funding from the DWP, through national Citizens Advice	is	to support	people				to make	their		initial claim			for
Universal Credit and is delivered by a paid, generalist, adviser.
Citizens Advice —BEISRemote Working Fund
This funding from BEIS, through Citizens Advice nationally,	was to fund			additional equipment							and software				to
accelerate the working from home of staff and volunteers during		the Covid-19 pandemic.
(gj Leicestershire County Council —Core Advice This funding from Leicestershire County Council is to support	the charity's		core generalist					advice service.
(hj Leicestershire County Council —Signposting and Community Support Service
This funding is to provide for additional casework to clients with		debt issues			who		may be	in	a crisis situation.					This
project has completed.
(ij Leicestershire County Council —Covid Grant Round	1
This funding was to support the initial efforts in remote working		and to provide grant support							where		the charity			lost
income. This funding is now completed.
((j Leicestershira County Council —Covid Grant Round	1
This funding was to support health and safety measures at outreach offices.
Ik) Leicestershire &Rutland Community Foundation
This funding was to support additional training during the Covid-19 pandemicfor staff,									volunteers			and		new
trainees.
(lj Shepshed Town Council —Outreach
This funding from Shepshed Town Council is continuing funding		for the Shepshed					outreach,		which		operates		twice
aweek. This funding supports a paid generalist adviser. During		the pandemic			the		outreach	was		closed but			the
staff member involved was deployed on the telephone support and this included						Shepshed			residents.

		Unrestricted	Restricted	Total 2021	Unrestricted	Restricted	Total 2020
			8	F	f	5
Fund balances	at 31 March
are represented	by:
Tangible fixed	assets
Net current assets		48,070	6,169	54,239	32,475	5,942	38,417
Total		48,070	6,169	54,239	32,475	5,942	38,417

						Property		Other
						2021	2020	2020	2020
						8			5
Within	one year					12,500	12,500		346
Between two and		five years						1,541
After five years
The company	currently	occupies	its	Loughborough	offices	under a 'tenancy at will'	whilst the new lease
arrangement	is finalised.

						2021	2020
						5
	Cash at bank					26,000	32,754
	Cash on deposit at Building Society					85,000	55,000
	Petty cash					87	171
	Total cash and cash	equivalents				111,087	87,925
21	Financial Instruments
	At the balance sheet	date the Charity	held the following		financial	2021	2020
	instruments:
						8	f
	Financial assets measured at amortised			cost
	Trade debtors and Accrued income					3173	11,894
	Cash at bank, building	society and in hand				111,087	87,925
	Financial liabilities at amortised cost
	Creditors					3,182	1,507
	Accru ala					8,186	7,892
	Financial liabilities at fair value through			income or expenditure
	Provisions					18000	15200