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2023-03-31-accounts

Trustees S E Cole
Y Hunter
N BKnapman
A JTownsend
G Fitzgerald
I M Stark
H J Serrano
K A Payne
L Pound (Appointed 26January 2023)
Secretary &CEO J A Robinson
Charity number 1106631
Company number 05252247
Registered office 10Hamilton Terrace
Leamington Spa
Warwickshire
CV32 4LY
Independent
examiner		 Burgis fh Bullock
8 Elm Court
Arden Street
Stratford
upon Avon
CV37 6PA

Page
Trustees'
report		 1-7
Statement of Trustees' responsibilities
Independent examiner's report
Statement of financial activities
Balance sheet
Statement of cash flows 14
Notes to the financial statements 15-30

Current financia l year
Unrestricted Unrestricted Restricted Total Total
funds funds funds
general designated
2023 2023 2023 2023 2022
Notes f f f f f
Income and endowments from:
Donations
and		 legacies 3,718 3,718 256,359
Charitable
activities
Advice Services 371,088 493,425 864,513 1,031,234
Fundraising 1,773 1,773 904
investments 11,266 11,266 1,895
Other income 1,085 1,085
Tota I income 388,930 493,425 882,355 1,290,392
Ex enditure on:
Charitable
activities
Advice Services 450,422 50,000 557,236 1,057,658 994,402
Total charitable expenditure 450,422 50,000 557,236 1,057,658 994,402
Net (outgoing)/incoming resources
before transfers (61,492) (50,000) (63,811) (175,303) 295,990
Gross transfers between funds (18,264) (2,000) 20,264
Net (expenditure)/income for the year/
Net movement in funds (79,756) (52,000) (43,547) (175,303) 295,990
Fund balances at 1April 2022 340,972 69,538 301,761 712,271 416,281
Fund balances at31March 2023 261,216 17,538 258,214 536,968 712,271

Prior financial year
Unrestricted Unrestricted Restricted Total
funds funds funds
general designated
2022 2022 2022 2022
Notes f f f
Income and endowments from:
Donations
and		 legacies 5,642 250,717 256,359
Charitable
activities
Advice Services 415,794 615,440 1,031,234
Fundraising 904 904
investments 1,895 1,895
Total income 424,235 866,157 1,290,392
Ex enditure on:
Charitable
activities
Advice Services 382,277 612,125 994,402
Total charitable expenditure 382,277 612,125 994,402
Net (outgoing)/incoming resources before
transfers 41,958 254,032 295,990
Gross transfers between funds (17,514) 4,500 13,014
Net (expenditure)/income for the year(
Net movement in funds 24,444 4,500 267,046 295,990
Fund balances at 1April 2021 316,528 65,038 34,715 416,281
Fund balances at 31March 2022 340,972 69,538 301,761 712,271

2023 2022
Notes f f
Fixed assets
Tangible assets 14 14,346 18,795
Current assets
Debtors 15 57,555 75,423
Cash at bank and in hand 610,307 730,222
667,862 805,645
Creditors: amounts falling due within
one year 16 (145,240) (112,169)
Net current assets 522,622 693,476
Total assets less current liabilities 536,968 '712,27,1
Income funds
Restricted funds 18 258,214 301,761
Unrestricted
funds
Designated
funds:
Building reserves 15,038 65,038
Client Emergency Fund 2,500 4,500
17,538 69,538
General unrestricted funds 261,216 340,972
278,754 410,510
536,968 712,271

2023 2022
Notes
Cash flows from operating
activities
Cash (absorbed
by)/generated		 from
operations (131,181) 163,129
Investing
activities
Interest received 11,266 1,895
Net cash generated
from		 investing
activities 11,266 1,895
Net (decrease)/increase in cash and cash
equivalents {119,915) 165,024
Cash and cash equivalents at beginning ofyear 730,222 565,198
Cash and cash equivalents at end ofyear 610,307 730,222

Unrestricted Unrestricted Restricted Total
funds funds funds
general general
2023 2022 2022 2022
f E E
Donations, legacies and gifts 3,718 5,642 250,717 256,359

2023 2022
f f
Advice services income 864,513 1,031,234
Analysis by fund
Unrestricted funds - general 371,088 415,794
Restricted funds 493,425 615,440
864,513 1,031,234

Unrestricted Unrestricted
funds funds
general general
2023 2022
f
1,773 904

Unrestricted Unrestricted
funds funds
general general
2023 2022
f. f
11,266 1,895

Unrestricted Total
funds
general
2023 2022
f
Other income 1,085
Charitable
activities
2023 2022
f f.
Staff costs 735,397 801,078
Depreciation and impairment 4,449 4,449
Staff and Volunteer expenses 30,788 16,606
Office and general 83,534 55,153
Premises costs 96,716 89,612
Grants paid to other Citizens Advice offices 29,573
Dilapidation costs 50,000
1,030,457 966,898
Governance costs (see note 9) 27,201 27,504
1,057,658 994,402
Analysis
by		 fund
Unrestricted funds - general 450,422 382,277
Unrestricted funds - designated 50,000
Restricted funds 557,236 612,125
1,057,658 994,402

The average monthly
headcount
ofemployees
during		 the year was:
2023 2022
Number Number
Management 4 6
Administration and advisors 26 33
Total 30
Employment costs 2023 2022
f
Wages and salaries 669,998 727,962
Social security costs 45,143 50,008
Other pension costs 20,256 23,108
735,397 801,078

14 Tangible fixed assets Tangible fixed assets Tangible fixed assets
Tenants' Fixtures, fittings Computer Total
improvements and equipment
improvements
f f
Cost
At 1April 2022 152,078 54,598 62,165 268,841
At 31March 2023 152,078 54,598 62,165 268,841
Depreciation and impairment
At 1April 2022 133,283 54,598 62,165 250,046
Depreciation charged in the year 4,449 4,449
At 31March 2023 137,732 54,598 62,165 254,495
Carrying amount
At 31March 2023 14,346 14,346
At 31March 2022 18,795 18,795
15 Debtors
2023 2022
Amounts
falling due		 within one year: f f
Trade debtors 12,114 25,828
Prepayments and accrued income 45,441 49,595
57,555 75,423
16 Creditors".amounts falling due within one year
2023 2022
Notes f f
Deferred income 17 30,979 58,050
Other creditors 77,232 17,772
Accruals 37,029 36,347
145240 112169

2023 2022
f f
30,979 58,050
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Balance at Transfers Balance at Resources Transfers Balance at
1April 2021 1April 2022 expended S1March 2022
Building reserves 65,038 65,038 (50,000) 15,038
Client Emergency Fund 4,500 4,500 (2,000) 2,500
65,038 4,500 69,538 (50,000) (2,000) 17,538
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2023 2022
f f
Within one year 29,465 52,651
Between two and five years 536 144,585
In over five years 39,683
30,001 236,919
22 Related party transactions
Remuneration
of key management		 personnel
The remuneration
of key management		 personnel is as follows.
2023 2022
f f
Aggregate
compensation		 53,316 42,814
23 Cash generated
from operations		 2023 2022
f f
(Deficit)/surpus
for the year		 (175,303) 295,990
Adjustments
for:
Investment
income recognised		 in statement offinancial activities (11,266) (1,895)
Depreciation
and impairment		 oftangible fixed assets 4,449 4,449
Movements
in working capital:
Decrease in debtors 17,868 3,41?
Increase/(decrease)
in creditors		 60,142 (24,965)
(Decrease) in deferred
income		 (27,071) (113,867)
Cash (absorbed by)/generated from operations (131,181) 163,129