Chartty reglstrdtlon numbw 1103630 C(yany rnglBtration nwmbor 051￿54 {England and Walgs) BEDWORTH RUGBY AND NUNEATON CITIZENS ADVICE BUREAU ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 BEDWORTH RUGBY AND NUNEATON CITIZENS ADVICE BUREAU LEGAL AND ADMINISTRATIVE INFORMATION Trustses Peter ￿lSeman (Cha￿) Jim &mrrA)ns ￿reasur￿l JasMrKler Thiara Chalr) Jane HHI Jeft Hunt Francis Chris Kenward Jill l as wdl generd oyrtwigencios. The bureau h¢Mds total reseNes of £fj00,98312021= £505,14n al 31 March 21Y22 of which £nil (2021: £34,772> are hdd for re8tridad purposes. Induded in unrestricted te5pNes is £20.000 12021.. £20,IK)O} which has be8n designated 8pecificalty the purpose of replarAng IT equi)menl.11 Is not Possible to when this expenditure is likety lo be inGurrwJ. Tho Burvau is not exposed lo price or C￿rfrt risk and In of the 8ubslanti81 bank depostis there aro no liquidity or (ash flow risks. PIAns for Future Pe￿0d$ Our luknrg strategic plans be summarised und8r 4 (ategories: ACC￿5. extending him we give advi￿. increasing the I￿9￿ of advice given, extending and developing ad￿($ 10 excluded group$ 8￿j work with partners to prowde a￿sS to adv￿ services. Equallty and Divernity: improve arKEss lo a(fvts for exduded groups and use our inlluenc8 to promote equality and diversity. Resilien¢o: Strength8n our f￿ancial posltion. upgrats and improve our ICT infrastructure and inve51 In leadetship and g)¥ernan¢e. Influence: Pa￿lipate in national ￿mpaIgn5, devek)p our wal media presw. buitd on our parthership w￿kIng and continue lo invest in Irainlng to davalop cmjr ieam and swices offered. Struciurn. goveman¢¥ ond management Govemlng Document The organisation is a ch8ritabl& omipany limibl by guarantee, In￿rpo￿aled on 14 Ociobei 2004. Tha o)mpany was estsblish￿l under a MeMOran(h￿ of As$￿￿a￿0Th which established the olieds and powers of the tharilable company and is governed under its Arlldes of Association. In the event of the ￿mpanY bèing wound up ￿em￿r$ are re(wired lo contnbulo an amount not ext￿11￿￿ £1. DuiTng Ihe ffftanaal year 2￿ th8 bur6au changed ils name to Bedworth. Rugby & Nunealon Citszens Bureau. wth ihe approval of the Charity Commission and Comp8ni8s House in readiness of Ihe amalgamatK)n wth Rugby Citizen3 Advicè Bureau. The Memorandum and Artides ofASs￿ati0n were also (*anged and approved to relle(*the thanges Caused by the amalgomation. BEDWORTH RUGBY AND NUNEATON CITIZENS ADVICE BUREAU TRUSTEES. REPORT IINCLUDING DIRECTORS. REPORT) (coKfiNUED> FOR THE YEAR ENDED 31 AIARCH 2022 The trustees. who are also the dirodots for the pwp058 ofcompany Iw. and 8eNed during Ihè year and up to the date of Signature of tho finwial statements were: Peter Wisernan {Chair) Jim Slmmons (freasurerl Jasvindar Thi8r8 (M'ce Chal Jane Hin Jeff Hunt Keith Franci8 Chrfs Kerward Jill Krusls IApw)thd 15 Deeember 2￿￿1) R•¢rnltment and Appointsnont of TNst•• Boanl The direcaors of the charity arg ajso charfty twslees for the purpos8s of charity law and under the companV8 Artides are kno4￿ as m8mb8rs of the trust￿ board. Utwjer the requirements of the M8morandurn and Artides ot Assoaatlon thp rnembefs of the tnjslee board are dected to serve for a period of 3 years after whith thtsy must be rwl¢d0d al Ihe nextknnual General Meetiry. The bureau seeks to ensure that Irustee boatd wnembers refieca the diverstty of the LxirNnunity il sèNes. The bureau 8eeks lo recruit new ￿MberS who have the ability to make an ￿ntr￿)UtICffl to the board thTDugh their skllls, knowl8dg8 And 8xparieNx, as as haNing a proven iiterg$1 in the oflhe thaiity. Th18tse Induction and Tralnlng The trustees are famliarlsed with the pradi(al work of Ihe charity and a￿ en￿Uraged to attend the annual Planning & De¥elopm&nl Days h8kl @aeh year to woth alongsbje bureau w(Kkew5 to develop fvlure objedtves. In addlllon to Ihis new bustee8 are inviied to afte￿1 an Indul*￿ meeting with the Chief Exe(artive oifKer lo famlllarise Ihem8dves with the charity and th8 o)ntext withKI whi0* rt op￿at0$. This (x)vers: . The oblvJabons of trustee ￿ard member8 . The main docun￿lS ￿lch set oui the operalional framtr￿ for the charity hKluding the M8morandum and Arucles. Re$ourdng and the Gu￿ent fina￿la1 N)sthon a8 la*J c¥Jt in the 18te81 put4ished acCO￿ts and annual budgets Future business plans and ol¥'ecbve3 E-LeamiThJ induction Mcx1￿ (Inc*Jding confidentialtyl Information for trustee board M￿be[S is av8i18ble thro(yh a Tnjstee BDard Inf0m￿tiOn Pack and nationally on Crbzens thice's Intranet. c￿ze￿$ AdvK% also publishe5 self-siudy train￿g pac*s on a varièty of topics relevant lo the Iruslee board and these dith"buted to twste8s. In ad(kn￿l to thi5 there are various oFwrtUn￿eS lo attend Iruslee development days orgaN5ed k￿laY ty Ciiizgns Advi￿. BEDWORTH RUGBY AND NUNEATON CITIZENS ADVICE BUREAU TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORn (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 RiBk Management The Trustèé Board has cOnd￿ted a ￿￿leW of the m8iiK risks to which the tharity is exP￿d. The dsk register has been estsblished and is updated al least annuaty. appropriate systems or pri)cedufes have been established lo rniligat¢ the risks the d￿rity faces. Intemal control risk5 are rninitnised by the implem8ntation of 8Uthorisation of transacbons and projeds. A disaster re￿v￿ plan has al80 b88n prodU￿d and is updated al least annualy. Proce(lures ara in pla￿ lo ensure com￿lane￿ th haalth and safety of staff, vdunteers and visitors to thg bureou. Oryanisational Structure The Iruslee board mè&ts quarterfy and is responsi￿ for the stralegK and pofKy of the charity. Members are frorn a variety of professional badtgr(xJnds relewdnl lo the work of the tharity. The Chief Executtve Offi(*r (who is also the cornpany Se¢￿trry and takes mwmjlesl and Advice Services Manager5 attend board meetings withcwjl vobng r￿ht& A ￿eme of delegation is In pla￿ wlweby Ihe Chlef Ex8OJtNe Offi¢x (CEQI has the day lo day reskxJn5ibilty for the prow5ion of The CEO is ￿sponsI)le for ensuring the tharity de1Th￿rS the seNces S￿rfed and that key perforrnan¢% indi(2tors are met as well as ensuring progress to rneet thè strategic service development objectives delaled in Business and Dgvebjpment Plan. Advice SeTri(*s Managers have day lo day responsibility of the operational managemènt of the ser¥iLE and have geographic atKI themat￿ responsl>ilrfies. This ncludès iThJividual supervislon and ensuring thal the team I￿1￿￿eS to d8¥elop their 5kils and Worki￿ practK*S in line with 9￿￿ practice. stafflng The lyjreau has 33 paid staff. both fijl and part time con5iSting of 1 x CW EKewtive 0ffi&8r, 4 Adhry￿ Servkes Managers, 2 Techni￿ Supervisors, 1 x Finance Administsator, lx Data Analyst Apprantic&, 1 x Breakthrough Project Manag8r, 2 Breakthrough Project Support ￿)rkerS. 9 x caseworkers and 12 x outroath I proied funded advice workers. The trmjreau tearn also consists of 55 volunteers, Ihe maprrty of whom aro trained generalisl advisers working on averdge d8ys per week eath. The vaue of volunteering based on paid e(wivalent role5 8quate8 to over £326,563 per anmm. Wtknul the skl and dedication of the V￿Urrteers Ihe buteau would t701 be abl& lo promde it8 ossentiai Ser¥7￿ to the c*)mmunty. Relat•d Pa￿¢$ BRANCAB Is a memb8r of the national orgarmsation, Ctitzens Advice. the natKbnal charity Icharity number 279057) vthich sets tha framewort fot standards of ad￿￿ *)d case rna￿agen￿nt and supports members with an Inf0M￿tIOn system, case management system. tra￿Ing and othw seThices. Auditor In accordance whh the cornpanls artKles, a re5(AutN)n proposing that Spencer Gardner DI￿nS Audit LLP be r8appoinled as audltor ofthe oJmpany will be wt at a Gerwd Meeting. Thè s, rep(Kt was approved by Board of T￿￿t￿. Pelei ￿8￿m￿n Dats.. i.f..:..K.ii..-.X02.Z... BEDWORTH RUGBY AND NUNEATON CITIZENS ADVICE BUREAU STATEMENT OF TRUSTEES. RESPONSIBIUTIES FOR THE YEAR ENDED 31 MARCH 2022 The twstees. who are also Ihe direra(K8 of Bethvorth Rugby and Nuneaton CttoertsAdvlce B￿eaU thè purpose of (x)mpany law, are r&sponsibk fr)r preparing the Trustees. ReP￿t and the financial sl*ments in auxjrdance with applicable kw and Utmted lfjngdom Accthinting Standards (United lQngdom Generally Acceptsd AcrA)unÉing PracY¢¢). Company Law requires the trustees to wgpare financaal Skleff￿nts for each financh?I ￿ whith give a tru? and fair vlew of Ihe state of affairs of the charity and of incomng resour￿ and applicatKsn of resources. indudlng the inc4)me and expenditure, of the Cha￿table fX)mpany forthal yèar. In proparlng these finan¢i81 statements. the trustees afv requw&l to.. - $91oct suitable awounting p￿￿eS and th8n apFfy them r￿SISt￿. - ob5eNe the melhods and pri￿￿eS in the charl￿ SORP" - mak8judgements and eslrmates that are Teasonth and pnDJenL - stste whether applicable UK Accounting Standards have loltswed. subied to any material d8parturèB sdDsed and ex￿ain￿d #i thè f￿anci￿ Stat￿￿nIs.. and - prepare the fin8n¢i818latements (K) the gcing COn￿M basi5 u￿$ it is iwyopriate lo presune fhat the charity 11 conllnue In operation. The trustee5 are responsible lor *uate arA>￿th3 re(xxd¥ Ihat di5d05e with rèasonabk aC￿r8¢Y al any time the financAal position of the ¢haFity and enable them to Ènsure that the finandal stalements compty with the Compardes Act 2006. They are al30 respOns￿le for safeguwding the assets of the tharty aThJ hèn￿ for taking reasonablè steps for the prevent￿￿ and deteclion of fraud and olher iwularitles. The charty trustees Iwho are also th& dirwxors of the Cc¥npany ￿ the wrpo8es ol company law) are resrAnsible for preparing a Iruslees, annual r8port and finar5caal statemw15 in arxoTdanc* wsth app1kab￿ law and United Jfjngdom Acwunling Stand4rd5 (Uniled lfjThJdom Gerwaty A¢)xptedAc(ounting P￿ra1¢e). Company law requires the d￿rIty trustees to prepare financial statements eath year whth gNe a true and f81r view of the State of affairs of the Charitab￿ company and of the In¢oming ￿oUrCES and application of resources. iNAuding Ihe income and eX[￿diture of the charity for Ih8t wod. In preparing thg financ4al stalements, the Iru51ees are required to.. . 8elèct suitable accounting poloeg ￿ then appty them &)nsistenty. ObSe￿e Ihe mèthods and prindples in the Charitigs SORP,. makè judg&ments and estimates that are reas(Thble and sl8ts whethei app￿￿ble UK accounting stwKlards have be8n lolkywed. 8ubieL* lo any rnatsrial departures di8closed and explained in Ihg fIna￿la[ statements: prepare the finar￿la1 stal8ments on the Lu)ing concem basis unbes5 it is inapproprfale to presumg that tr arity wll continue ¥) buwnes8. trustees are responsible for keeping prr)per I￿￿untrI9 rewds Ihat disc105e with Mson8ble accuracy at any lime the financial posilk?n of the charity 8tKI lo enable them to ensure that the finartial stslemerrts comply woth the Companies Act 20Q6. Thtry are a150 re5ponsiknle for safeguarding Ihe as$915 of the chwity and hence taking asonable steps ftx the preventjon aThJ det&*on of fra￿1 and other irregthitses. The trustees are responsible for the maintenm aiml integrity of the Co￿￿Tate and f￿an(la1 irrformation inrAwled on Ihe charitabl8 CA)mpany's website. Legislation in tho United lfjngdom g)veming preparation and dissemknatKJn of fin8nci81 statemen18 may dffer from ￿gI￿abon in otherprisdctKA)s. ## **BEDWORTH RUGBY AND NUNEATON CITIZENS ADVICE BUREAU** ## **INDEPENDENT AUDITOR'S REPORT** ## **TO THE TRUSTEES OF BEDWORTH RUGBY AND NUNEATON CITIZENS ADVICE BUREAU** ## **Opinion** We have audited the financial statements of Bedworth Rugby and Nuneaton Citizens Advice Bureau (the ‘charity’) for the year ended 31 March 2022 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 _The Financial Reporting Standard applicable in the UK and Republic of Ireland_ (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements: - give a true and fair view of the state of the charitable company's affairs as at 31 March 2022 and of its incoming resources and application of resources, for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the requirements of the Companies Act 2006. ## **Basis for opinion** We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the _Auditor's responsibilities for the audit of the financial statements_ section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. ## **Conclusions relating to going concern** In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. ## **Other information** The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. - 9 - BEDWORTH RUGBY AND NUNEATON CITIZENS ADVICE BUREAU INDEPENDENT AUDITOR'S REPORT (CONTINUED} TO THE TRUSTEES OF BEDWORTH RUGBY AND NUNEATON CITIZENS ADVICE BUREAU Matters on which we are required to report by exceptlon We have nothing lo report in resped of the folltswing matters in relation lo which the Charities IAco)unls and Reports) Regulations 2008 require us to report lo you if, in our opinion-. the infomiation given in the financial statements is inconsistent in any material respeGI with the Iruslee8' report., or suffic4enl accounting records have not been kept,. or the financial statements are not in agreement with the acLounting records.. or we have not received all the Information and explanations we require for our audit. Responsibilities of trustees As explained more fully in the statement of trustees, reSpOn￿bIlItIeS, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such intem31 control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financtal slalemenls. the trustees are responsible for assesslng the charity's ability lo continue as a going ￿n￿rn, disdosing, as applicable, matters related to going 0)n￿rn and using the going concern basis of accounting unless the trustees either intend to liquidate the charitsble o)mpany or to cease operations, or have no realistic alternative but to do so. Auditorf$ rè$ponsibilÉtie$ for the #udit of the financial $tstements We have been appointed as auditor under section 144 of the ChaTilies Act 2011 and report in 8eeordanee wth the Act and ielevanl iegulalions made or hawng effect thereundeT. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are tree from material misstatement. whether due to fraud or error. and lo issue an auditorfs report that indudes our opinion. Reasonable assuran¢e is a high level of a55urance but is not a guarantee that an audit ¢onducted in accordance wrth ISAS IUIQ will always detect a material misslatemenl when il e￿51￿. Misst*ements Can arise from fraud or error and are considered material rf. individually or in the aggregate, they could feasonably be expected lo Influence the economic decAsions of users taken on the basis of these finan(8al slalemenls. The extent lo whith our p￿}￿dureS are capable of detecting itregularilies, includlng fraud, Is detailed below. Enquiring of management. those charged with governance around actual and potential liligatitin and daims-, Rewewing minutes of meetings of those charged with governance; Rewewing finanaal statement disdosures and lesling lo supporting documentation to 8$8ess ￿pIlance with applicable laws and regulations., Perfoming audit work over the risk of management override of o)nlrol3, induding testing ofjoumal entries and other adjuslmenls for appropriateness. evaluating the business rationale of srgnrficanl Iransa(*ions outside the normal ￿￿T￿e of busines5 and rewèwing acctxjnting estimates for bias. A further description of our responsibilities is available on the Fin8n¢i81 Reporting Council's website at.. https-.11 www.frc.org.ukjauditorsresponsibilities. This description forms part of our auditorfs rÈport. 10- BEDWORTH RUGBY AND NUNEATON CITIZENS ADVICE BUREAU INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF BEDWORTH RUGBY AND NUNEATON CITIZENS ADVICE BUREAU Use ofour report This report is m8de solely to the charity's Iruslees, as a body, in accordance with part 4 of the Charitie$ IAccounts and Reports) Regulations 2006. Our audii work has been undertaken sts that we might state lo thé eh8rity's Iruslees those matters we are required to state to them in an 8udltorfs report for no other purpose. To the fullest extent pemiitted by law, we do not accept or 35sume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this teport. or for the opinions we have formed. IE bkn (rCC4 Debrd Knighton FCCA Isenior Statutory Auditor) for and on behalf of Spencer Gardner Dickins Audit LLP IbJ￿14￿UlS2 Chartered Accountants Statutory Auditor 3 Coventry Innovation Villagè Cheatah Road Coventry CV12TL Spencer G8rdner Dicknns Audit LLP is eligible for appointment as auditor of the tharity by vtrtue of ils eligibilty for appointrnent as auditor of a company under section 1212 of the Companies A¢t 2006. BEDWORTH RUGBY AND NUNEATON CITIZENS ADVICE BUREAU STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 MARCH 2022 Unr•Jtri¢ted Re8trlcted funds funds 2022 2022 Total UnY•strIct￿ Rostrtcted fund8 funds 2021 2021 Total 2022 2021 eomè Voluntary ￿n￿me Chariiable acti￿1 Investsnents 150 150 789,883 1.179.847 11KI 369.036 100 672,058 1,041.094 235 389. Totsl In¢omfr ).152 789.883 1.180.035 369,371 672.058 1,041,429 Ex endlture on: CharTtable actwibe5'. Operdtion of Cllizens Admce Bureaux 259.544 824,655 1.084,199 376.872 637.286 1.014,158 Net Incomel{expendlturel for the yearf Nèt movèment In funds 130,f4)B (34.772) 17,501) 27,271 Fund balanr*s at 1 April 2￿21 470.375 505.147 477.878 477.876 Fund balance8 at 31 Ma￿h 2022 .983 6(K),983 470,375 34,772 505,147 The sial8mant of finanoal adMb8s indudes al gab)s arnl losses reLyJgnised in the year. AII IM))me and expenditure derrve from conlinuing acbMI Th& statémènt of financia actmties 81s0 ￿M￿le3 Vlith the requwements for an In￿m& w)d expendibJr& aeLount under the compan￿A(￿ 2006. 12- BEDWORTH RUGBY AND NUNEATON CITIZENS ADVICE BUREAU BALANCE SHEET AS AT31 MARCH 2022 2022 2021 Flx•d a$sots Tangible assets 9,883 Current •$s*ts Debtors Cash al bank and in hand 10 77.205 730.159 83,934 690,855 807.384 774,789 Crédltor&: amounts falling due wllhin onè wr (209.8241 (279.5051 Nel current assets 597.540 495,284 Total assots l•s$ current Ilabllities 600.983 505,147 Incomè funds Restricted lutKIs Unraslricted funds 12 34,772 470,375 600.983 600.983 505.147 The cornpany is enlilled lo the gxemplion from audrt req￿reMent conlained in SeCt￿n 477 of the CoMpan￿S Act 2006, for the year ended 31 March 2022. allhwJh an a￿Jit has been oul under section 144 of the Charili8S Act2011. The dlrectors athowledge their responskmlilies ft* ￿mF￿1n9 wilh the req￿ren￿nts of Ihe Comp8nles Act 21￿6 with r?spect lo a(xounting records and thè prepara￿On of finaniial 51alements. Tnember£ ha￿ nol required the company to (thin an albdit of its fina￿lat sfatements und8r lh• requtrements oflhe CompanlesAct 2(￿. for lh8 year in questrL¥J in ac{￿ with sect￿￿ 476. These fthancial statem8nls have been p￿paTed in afxrytsn¢x with the prows10￿ applicAbl8 to companles subje 10 the 8mal ￿MPanieS reglm8. Th ncial sl ments were apwoved by Ihe Twstaes on ..J£.:..¥.i.K.:.2GI Peter Trn$lo0 air} Company registratlon number 05056664 13- BEDWORTH RUGBY AND NUNEATON CITIZENS ADVICE BUREAU STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022 2022 2021 Cash flows from op•rntlng a¢tlvitio8 Cash generated from operations 169,272 Investlng actlvltlg8 Investment r8celved 235 Nfjt ¢ash generated from Invest5ng •¢tivities 235 Net cagh us•d in financlng actlyltios Not increase In cash and ¢a$h gqulvajents 39.304 169.507 Cash and (gsh 8quIv￿eThts at beginrrfng of year 521,348 Cash and cash equlv•lents at end ofyear 730,159 6￿,855 -14- BEDWORTH RUGBY AND NUNEATON CITIZENS ADVICE BUREAU NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 AIARCH 2022 Accountlng poll¢los Charlty infomiallon Bedworth Rugby and Nuneaton Cittterts Bumu is a o)mpany lynited by guardnteo Incorporated in England and Wale5. The regist￿ed offi(* is Gethin House. 36 Bond Str8el, ￿Jneal0n, WdtwB*shire CVI1 4DA. Bedworth Rugby and Nuneaton Citrzens Advice Bureau meets the dofinition of a put￿￿ benefit entity under FRS102. The charlty is a company limilwl by guaTante&. It doe5 nol have 3 share (xptt818nd the lability of each member is Ilmited to the guaranlee given by Ihal m8rnber whKh shau not ex￿ed £1. The charity is underlhe ojntrol of the Trustee5. 1.1 A¢¢r)untlny convenilon ffinancAal stalemenls have been prepared in a￿)[dan￿ vrith Ihe ¢*arity's goveming dofwmenL the Companies Act 20(￿ and Accounting and ReportHig by Charilies: StaiÈmènt of Recommended Practic appll¢ablè to tharilies preparing their 8IX*¥Lmts in aLwrdance with the FinaTHial Reporknng Standard applicablè in the UK and RepubEc of Irdand IFRS 102) leffe¢tN& 1 January 2L1191' The tharity is a Public Benefft Entity as defined by FRS 102. The financid statements are prepared in sterlng. Wh￿￿ is tha fvuK*ollal of the ¢h8rKy. Monetary amounts n these financial stalements aio rwnd&J to the neaTrst £ The finandal ststaments have been prepared undèr the hisknical (x)st D)n¥enlion. The ￿1n¢4PaI accounting PLliaes adwed are set out IRI￿¥. 1.2 &Jlng ¢oncern The Trustees have r8Mewed the [￿an￿5 budget and cash Ilow fore￿$1 and consldered any material uncertainties. partIa￿adY wlh regard lo futu￿ fvndiro. 8ase(l on tFus remew. the TNstees are salisffied 1h3t al the time of approwng the fjnancial statements th8 charity has *quate resources atxl that the going ¢oncern basis of accounling Temawis appropriate. 1.3 Charftable funds Unreslrii*ad funds are avaIlatr￿ for use at thp disuetion of the tntst88s in furlherance of Ihelr th8rita objective5. Designated fvnds comprise fijnds whith have been set aside at the (tscr8lion of the Iruslees for spedfic purposgs. The purw)w and uses ofthe ¢J8svJnated fvnds are set out in the notes lo the ffinan￿al stsl8m8nts. Re8lrl¢ted ffiJnds a￿ sutlect lo specafic condibons by donows as to h￿1 they may bè usad or through the terms of an ap￿￿. The wrposes and Lt5es of Ihe rèstricted fvnd5 arè s•t out In the notes lo the financiol statements. 15- BEDWORTH RUGBY AND NUNEATON CITIZENS ADVICE BUREAU NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Ae¢ounthig pollcl Icontlnugd 1A Income Al In(x>me is induded in the 8tatement of financaal adNithgs, &xdugi¥e of YaL when Ihe tharfty 18 erilrfed to tha come and th8 amount can be quanlrfEd wlth rwonabl8 Th& folh)wing SPe￿riC poli¢i&s are applied to particdar categories of Voluntary incom8 is T￿Ne￿ by way of gra1￿. dc￿at￿)n$ a￿1 gifts and 13 Induded In full in the Statèment of Finanr>81 ActWTknes when receivab]e. Grants. where entitlement is not conditional on the delwery of a specyffc perf0mlan￿ ty th8 tharty, arE recogni5ed tho charity become8 unLX)n(filionalty entiljed lo the granL Donated services and faalities arg indtTrded at the value to the charity whwe this can b6 quantifled. The value ofseThice provided by ￿urrteelS has not been induded in thèse a¢o)unls. Investment income is induded when reCe￿able. IncK)mirKJ resouK*s from grants, where relaled to perfomian(* arKI SF*cific delp￿res, are 8C4>)unted for as thè charity eams the rfghl to c¥Jnshkntson by Ns perfwmance. Vvhere income has been receNed but the p8rfomi8n¢￿ of the contracl wwk has not been perfomied al th8 balance sheet date then such i8 oK￿dÈ￿ as a fiabilty and canied foThward as def8rred incomé. Work perfomied but not ￿mpletod of Iyllerl * the baknce sheet date is inc4uded In Debtors al an eslimaled V￿Ue. 1.6 Exp8ndltur• EXpendI￿re is recognised On￿ thwe ￿ a legaT L¥ conslnth oblgalion to tr8nsfer e¢onomtc bonefft to third party. it is probabie that a transfer of 8(￿O￿lC benefits requir&1 in 8etttement. and the smount of tho obligation can be measu￿d refiab￿. ExpewKlilure 13 classrfied by athity. The costs of èath **ivity are made up of Ihe total of direct costs and shared costs, includiThJ support (xjsts Invo￿ in undertaking each actiwty. Direct costs attrtjutable to 8 8lngle aGIMly are all￿d dire(aty lo that actiwty. Shar•Y c4)sts whith o)nlribute to more than one aetivtty and SUW)￿ costs whi* 8rè not allribul8bk lo a singk are apportioned beiween those act￿11￿& on a basis ¢onsislent Wtu) the use of reSoUr￿s. Central staff L￿st5 arè albcated ￿ the basis of 8penl, and deprec¥ation ¢harges are a]located Lyk the portion of Ihe a&sef5 Use. Expenditure is induded in the Statement ol FnaNial Adivil*s on an ac¥yuals ba$ls, Indusive of any VAT, where the VATcannot b& re¢overgJ. Expendmure whl¢h is d￿e¢tty athibutable lo Spea￿ adfvths has been Included in ￿se cosl (ategorl8S. Vthere costs are attribLrtable to more than acti￿ty. they have L￿1 apFthion8d acros$ the cost calegorfes on a b￿$ CA￿SIstenI wilh the use of these ros(wrL 1.6 Tanglble flxed a$$gts Tangible fixed ass&ts c#isting £1,(ftX) or nb)rE are Thiibaly n￿gJred at o)st aKI subsequenly measurèd at sl, nat of dépre(#at￿ 8nd any impanTRnt bsses. Dewe(#81￿ Is recognlsed so a5 to T￿lie off the c¥)storvaluatth of assets less th￿r rOsMI￿ vth68 over I useful ￿yeS on the folbwing bases: Equipment, friures and fflling$ Computer equi￿ent 10% on a reducang balance baskq 25% straght line The gain or loss wising on the d1$￿￿ Df an asset 15 delemiind as th8 diNerence belween the sale pr[￿ed5 8nd the canyng Va￿ ofthe asset. avvj bs reoyised in statement offinaThial adwIt￿s. -16- BEDWORTH RUGBY AND NUNEATON CITIZENS ADVICE BUREAU NOTES TO THE FINANCIAL STATEMENTS (co￿riNuED) FOR THE YEAR ENDED 31 MARCH 2022 Accounting policies Icontlnued) 1.7 Impaimient of fixed as8¥ts At each reporting end date. the Charity reviews tho of its tangible asset8 to del8rmine whether there is any Indi￿110￿ thal th)3e assets have yjffered an impairment Ios5. If any such indicatKJn e￿$¢s, recoverab￿ amourrt of the asset is esb"mat6d in Order lo determine the extent of the impairm¢nl 1088 lif any>. 1A Cash and cash •quivalents Cash and cash equivaknls indude cash In hand. deposris held at txII wth banks. other shth-larm liquid Investments with original maluritigs of Ihree n￿thS or l&ss. and bank ovgrthafts. Bank overdrafts aré shown wlhln borrowings in current liakn"lOties. 1.9 Flnancial iMtruments The charity has elected to appty the pro￿￿onS of Se(*on 11 'BaS￿ Financial Instrun￿nts, and Sectlon 12 'Oiher Finanual Instruments158ues' of FRS Iir2 to all of its f￿￿)CIal inslruments. Financial instwments are recognised in ￿ thaiitys balaThz sheet Ythen the charKy bec#)m8s paty to the contractual proviwns of the instrumenL FinanLaal assets and labllfjes Are offset. wlh the r*t amounts present&J in finanual stslements, wh&n there is a kg81￿ enfor￿able nght to sèt off the rewgnlse(18mounls and ther? is an intenlw)n lo settl8 on a nat basis or to realise th& assel and settle th¢ liability ￿M￿taneoUSly. Basle flnancialassets Basic financial assets. whith indude dobtors and cash and bank b818nc*s. are initially measured al transaction pri￿ including transa*on costs and are subsequently caryied 8t amortised r¥)st using the effective intsrest meth¢xl unless the 8tranggmenl consfriutes a financ4ng trans8CtTon, where Ihe transadon is meastwed al the present value of the firture receipts diwunted al a market rate of intorest Finan￿al assets dassif￿￿ as re¢Wva￿ within one year are not amorti5ed. Bgsfc flnancial liabllllles 8asic finanLyal liab1h.￿'e$, inclurfing creditors and bank loans a￿ inlualty reC￿nIS6d at trdnsaction unless the arrangement constiiutes a finarriTh3 transa(thn. where the debt ￿$t(￿M￿nt is measured al the pre$enl value of the future payments dIS￿l￿nI￿ ot a martet rate of inter8sL F￿anUal liabilitles dassified as payablè within one year are not amortised. Derncognlllon of financi•lllabililies Finanaal liabilities are d￿ecOgniSed ￿en the contra￿ual oNkJalk)ns 8xpire or are thSchar￿d or ¢an¢elled. 1.10 Employ89 benefHB The rA)sl of any u￿sed holday entiuement Is re(￿n￿d in the period #i which the employee's s8Nr£s are receiv￿. Termlnatlon bènèffts are recognised Immediatety zs an eypen8e when the chariiy Is d8monstrabty committed lo terminate the emwoyment of an employee or lo provide lermnathon beneffts. -17- BEDWORTH RUGBY AND NUNEATON CITIZENS ADVICE BUREAU NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Crhleal acC￿ntIng estlmate8 and judge￿￿ts In the apphc8tion of the charfty'$ accourrting poloes. the twstees are reqillrpd to mak6 judgements. estimates and assumptK)n8 about the tarrying am0￿¢ of assets and liabllitles that are not tgadity apparent from oth&r sour¢gs. The eslimales and associated assufflpticTh are bas￿ on historical and other factors that arts Considered lo be releyant Adual ￿$￿IlS may differ from Ihese eslimates. The eslimales undertying assumpl•)ns ar& ￿eWed on an ongokng basis. RevSsk)n8 to ar*ounting estimates are r￿nIsed in the p￿10d in whith the estimate 1$ le￿sed where the revlsion affacts only that period, or in the pefK)d of the revision arKJ lulL¥e periods where ￿ re￿sion aff8(as both cJJrr¢nt and firtura pa￿ds. Voluntary incoma Unrestrictad Unrestrlctsd fund$ funds 2022 2021 Donalions and gffts 1(Kl 18- BEDWORTH RUGBY AND NUNEATON CITIZENS ADVICE BUREAU NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Charitable aclfvltK Vnresltl£￿ Fund¥ 2D22 Unrestrlctod FurMIs 2021 Nunealon and Bedworth BorrAoh Cound (NBBC) R￿jbY Borough Coun¢1 wa￿lC&shIre Ctsunty Cc4Jncal (WCC> CAB sundry ￿Snts Rent ie¢eiv¢d Other In￿Me WCCAthition818(fvanrE provided due to COWD 19 95.315 73.000 160,879 95,315 73,000 157,459 12,900 3,8 15,470 41,5 3,362 27.000 389,984 369,036 ROtrfGted Fund5 2022 Réstrlctod F￿￿¥ 20 CilvlensAd￿￿- MoneyAdvic8 Servi Finanoal Capabifity Citizens Ad￿￿- UCS Help lo Cl•'m WCC- Family Centres WCC- Spodalist 8enefiis Big Lottery BBO Big Luttery Blg Local ME Society Ser¥i(* Trussell Twsl 219.874 178.297 12,720 57,817 38,724 206,559 158,lJ)4 4,800 58.163 49.950 210.OOD 190.868 21.367 3.000 36,863 8,137 789,883 672.058 Totsl Income from Charilable ArAr 1,179,847 1.041.094 Investmènts Unrestrictsd Unrn5tr1cted lund¥ lund$ 2022 2021 Bank and COIF deposit inte￿t recewl 235 19- BEDWORTH RUGBY AND NUNEATON CITIZENS ADVICE BUREAU NOTES TO THE FINANCIAL STATEMENfs (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Charitablg activities: Opardtion ofcitizans Advlce Bweaw 2022 2021 D8pracialKJn and [mpalm￿nI Rent. rates and service tharges Salaries and pen810n co815 Cc¥npuler ey4)en8es and fees Travelling and ￿InIng Light, heat and water Printing. posta9e and stati￿ery Telephone RepaiTS and mainlerwil InsLJrance Sundry expens¢s Bank charges RedundanLy IM)sts Audit 8nd ac¢ounlan¢y Legal and professbnal fees .420 64,058 824,152 38.783 19.383 11.908 20,142 10.757 23,103 5.682 28.333 6,460 82.718 769,608 29,954 2.885 12,050 18.521 10,330 3.800 6,817 26.341 376 32.133 7,585 4,600 12,802 18.267 1,084,199 1.014,158 1,084.199 1,014,158 Anatysis by fund Unrestricted funds Restricted fijnds 259.544 824,655 376,872 637,286 1,084.199 1,014.158 Tru5t•es None of the Iwslees {¢x any per80ns ￿nnec￿ ￿th them) receTrrnd any rem￿eratI￿ or bpnefrts from the charity during the year.12021.' None) No twsteè expenses ha￿ bgw knwrfed •xl rKMe ofthe trustees davned any exFense5 from th& trust during the year.12021= None} BEDWORTH RUGBY AND NUNEATON CITIZENS ADVICE BUREAU NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Employe•s The average monthty number ofempbyees during the year was: 2022 Number 2021 Number Managemènt Administration Adwsors 24 Totsl 34 The stsff ￿$t$ W8re mad& up as folbws: Employm•nt ¢04ts 2Q22 2021 Wages and Salaries so￿al 8e￿lrIty ￿$1$ Other pensk)n costs 718.823 56,046 51,283 677,392 50,618 41,598 824,152 769,608 There were no employees whose annual r8munBratbJn was £60.OCN) or T￿re. Tanglble fixed 4$8•ts Equlpmo Computsr 9qulpm¥nl tIUlNJs Cost Al 1 April 2021 166,674 2￿.894 At 31 March 2022 34.020 166,674 2(KJ,694 Dèpmclatlon and InNJalmient Al 1 April 2021 Dépr8ciation charged in Ihe year 30,1 382 160,635 6.038 1 Kl.831 6.420 Al 31 March 2022 30,578 188.673 197,251 Carylng amount At 31 March 20 3.442 3,443 At 31 March 2021 3.824 6.039 9,863 21 BEDWORTH RUGBY AND NUNEATON CITIZENS ADVICE BUREAU NOTES TO THE FINANCIAL STATEMENTS {coKfiNUED) FOR THE YEAR ENDED 31 MARCH 2022 10 Debtors 2022 2021 Amounts fr411ing due wlthin one year. Other debtors Prepay￿￿nts and aclxued income ,821 68,007 15,927 77,205 83,934 11 Cr8dlt¢r4: #mounts faming due wlthln year 2022 2021 Other tsxation and 3odal setyJTity GrBnts re¢elved on bèhalfof other Bureaux Trade creéitors Grants rerrived in adwdnce 56.784 80.787 25.447 31,566 15.240 64,570 109.344 5,491 209,824 279.505 Grants r*¢elved on behalfof other Bumux: The bweau OC￿OnallY recewss inc(￿& as an agent for otr￿r C￿en5 Athce Bureaux and other pather8, as part of Ihe original grant applir*t¥)ns. In the year lo 31 March 2022 the bur8au recerved £403,651 (2021.. £384,918) In trys respect and at 31 Marth 2022 £70.233 (2021: £1CQ,343) had not been distributed to pathors. BEDWORTH RUGBY AND NUNEATON CITIZENS ADVICE BUREAU NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 12 Restrlcted fund$ The Income fund5 of the tharlty in¢thJde reth(thd knnds coryrisiny the foll￿rting unexpended balances ol donations and grant5 hetd on trust for SFeafic purw)sès: Movement In funds Mov•mnt In fvnds IrKomlng Resowos Balance at Incorning Rwurco5 BalAnce •t 1 Aprl resources eyendod 31 Mwch 20 2022 MoneyAdwc8 Service CKitensAdiKe- Help tr) Clam Big Lottery- B80 WCC- Famlty Cenlres WCC- Spgualist BenerrtS cit1iensAdv￿- Finanoal Capablty Big Local MS Scciety SaNce Trussell Trust 178.297 (178.297) 219.874 1219,874) 57.817 (57.817) 58,163 {58,163) 158.{(￿ (158,LX34) 19),et6 {190,6e6) 38.T24 (30.4941 8,230 49,950 158,180) 2[￿.561 (161,￿2) 25,559 206.556 {232,115) 12,720 (11,73n 1983 4,8 (4,81XII (21,367) 7.OlJ) (7,(KM)I (3,0(MJ) 8.137 (8.13n (36,863) 21,￿7 36,8e3 672.060 (637288) 34.772 786.439 1821,211) -23- BEDWORTH RUGBY AND NUNEATON CITIZENS ADVICE BUREAU NOTES TO THE FINANCIAL STATEMENTS (CONTINUED> FOR THE YEAR ENDED 31 MARCH 2022 12 Restrtctsd funds (Cojrtlnuedl Purpo$os of Restrlrted Funds: MoneyAdvi¢o Servlce Funding Pro￿lded for debt casewort seThI(￿ Nunaalon and Be(knTlh and Rugby. H6lp to Clalm Sérvlc• Funding from (via naliona Citizens Ad￿¢￿} to pthpale in tha plot of the to Claim S8rvice lo support vulnorable people lo make their initial for UnNersal Credit arKI offer support thr￿gh to r8cglpt of the first payment. Big Lottery Bumdlng Bfrttw Oppvrtunltles (BBO) B Yeakthwough Progrnmm• Funding provided to ￿1P the unernFtyed aThJ èCx>nom¥￿IY inactive people lo devdop )Inancial literacy and fa sknlls and over¢ome barrie￿ and help to move them towards empk>yment. WCC Fam1￿ and childr￿.$ Centre8 Funding prowded by Kknickshire Cwnty cow￿1 for outre&h a{h￿ and supp(Kt to families and 8ervKe users. Warwi¢kshiro Spocialist Benellts Service Funded by Wavwi(*shire County Courril to provvje SFeialisl casework support to Warwlckshire resldents ac¥oss the county indudmig iwHx)me maxlmisal￿n Ihrough benefits lake up, support to ask tor a le￿nsidera￿n of benefft appli¢allon derAs¥)ns or support to appeal to Tribunal. Thp semce also promdes benefit awaTen8ss sassions for I￿1 fronlline wthgrs. Flnanclal CapAbl4ty Citizens Athce provided fijnthng for energy best deal financAal capabllty Work and We Digital prowded funding for Ihe'Eam It Don't Bum IV pr(4&* Blg Local This funding relates lo Ihe ddNery of outrga* within the Hll Top and Wombri)ok area of Nuneaton. MS Society Funding to provide ￿nefft$ maxlmlsation to dierrts and (sws of Multiple Sderosls. TrnssÈll Trubt Fur￿l￿g for the proviS￿n ofwtmth s•rvlrM in Nuneaton. BwlW￿th and R￿by. 13 Anatysh ol net assets between fund5 Unmtri¢ted Restrntod funds fvnd 2022 Total un￿Sti1Cl8d Restsicted funds funds 2021 2021 Total 2022 2021 Fund balances al 31 March 2022 are represented by= Tangible asset$ Current asset51(￿￿￿1￿ies} 9,883 460,512 9,863 495,284 597.540 597,540 6CX).983 470,375 34.772 505,147 -24- BEDWORTH RUGBY AND NUNEATON CITIZENS ADVICE BUREAU NOTES TO THE FINANCIAL STATEMENTS (coKfiNUED) FOR THE YEAR ENDED 31 AIARCH 2022 14 Opernting lèasé Comn￿￿￿ts Al the reporbng end date th8 chatrty had Qulslandi￿j comrnitmants for fu￿re minimum lease payments under non-caFScellable operalinu leases. which fatl due as follows: 2022 2021 Wthin one year Between Iwo and five yea In overfive years 37,407 97,148 36,065 126,521 7.000 134,555 169.586 16 Relatod paity tran¥actlons Payrol tr￿rea￿ seN(%s are supplied by ArnistroThJ &5hop &mmons Limite(l {Fomety Bishop Simmons Lirnited}, a company In which J &mM￿s w&8 a dire(*or and shareholder until l O(lobar 2021. The8e services provided at a dwge of £1.6LKJ for tha year (2021.. £1,920). As al 31 March 2022 £nl (2021: £nll wa8 Outstanding lo knnstrong Bishop Simmws Limfted. Accountancy are supplied by JLS AcLountanGy Linthed. a company fomi@d on 15 November 2021 in which J Simmon3 is a dlrectcf and shareholder. These swvtces were prowded al a charge of £1.8IM) for the year. As at 31 March 2022 tnll wa8 OUtstarKling to JLSAcCLXM￿nry Limited. 16 Cash genBratsd from operatlorv 2022 21121 Surplus for the year 95,836 27,271 Adjustrnents for.. Investment inoome recognis8d statement of ffinatMNal Dep￿cIall0n and impairmeni of taThJUI e )i¥ed assets <381 6.420 1235) Movements in w￿knng capital: Decrease ￿ debtors (DeCrease)fir￿QOS¢ in c¥edfjtors IDe¢xease)AnrJease in defewred InC￿r 6,729 (41.1241 {28.55n 18.531 104.131 13,114 Cash g•nerated frorn opfrrntion• 39,266 169.272