| Page | ||||||||
|---|---|---|---|---|---|---|---|---|
| Trustees' annual report |
(incorporating | the | directors' | report) | ||||
| Independent examiner's |
report to the | trustees | 13 | |||||
| Statement offinancial | activities | (including | income and expenditure | account) | 14 | |||
| Balance sheet | 15 | |||||||
| Notes to the financial | statements | 16 |
| Year en | ded 31 March 2 | ded 31 March 2 | 023 |
|---|---|---|---|
| Reference | and administrative | details | |
| Registered | charity | name | Mid Suffolk Citizens Advice Bureau |
| Charity registration | number | 1107152 | |
| Company | registration number |
05296023 | |
| Principal office and | registered | 5 Milton Road South | |
| office | Stowmarket | ||
| Suffolk | |||
| IP14 1EZ |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||||
| Note | funds f |
funds f |
Total funds | Total funds F |
|||
| Income and endowments | |||||||
| Grants and donations | 5 | 270,760 | 65,245 | 336,005 | 292,029 | ||
| Charitable activities |
7 | 849 | 849 | 1,782 | |||
| Investment income |
8 | 2 776 | 2,776 | 1,197 | |||
| Total income | 274,385 | 65,245 | 339,630 | 295,008 | |||
| Expenditure | |||||||
| Charitable activities |
9 | 257,636 | 61,980 | 319,616 | 271,356 | ||
| Total expenditure | 257,636 | 61,980 | 319,616 | 271,356 | |||
| Net income and net movement | in funds | 16,749 | 3,265 | 20,014 | 23,652 | ||
| Reconciliation offunds |
|||||||
| Total funds brought | forward | 296,977 | 5,968 | 302,945 | 279,293 | ||
| Total funds carried | forward | 313,726 | 9,233 | 322,959 | 302,945 |
| 31 March 202 | 3 | ||||||
|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||
| Note | F | F | |||||
| Fixed assets | |||||||
| Tangible fixed assets | 5,107 | ||||||
| Current assets | |||||||
| Debtors | 15 | 300 | 14,048 | ||||
| Cash at bank and | in | hand | 378,493 | 313,968 | |||
| 378,793 | 328,016 | ||||||
| Creditors: Amounts | falling due within | ||||||
| one year | 16 | (60,941) | (25,071) | ||||
| Net current assets | 317,852 | 302,945 | |||||
| Total assets less | current liabilities | 322,959 | 302,945 | ||||
| Net assets | 322,959 | 302,945 | |||||
| Funds ofthe charity Restricted funds |
9,233 | 5,968 | |||||
| Unrestricted funds |
313,726 | 296,977 | |||||
| Total charity funds | 17 | 322,959 | 302,945 |
| Grants and donations | |||
|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2023 | |
| f | f | E | |
| Donations | |||
| Donations | 29,277 | 3,000 | 32,277 |
| Grants | |||
| Grants | 241,483 | 62,245 | 303,728 |
| 270,760 | 65,245 | 336,005 | |
| Unrestricted | Restricted | Total Funds | |
| Funds F |
Funds F |
2022 f |
|
| Donations | |||
| Donations | 30,144 | 2,850 | 32,994 |
| Grants | |||
| Grants | 215,056 | 43,979 | 259,035 |
| 245,200 | 46,829 | 292,029 |
| Grants and donations | |||
|---|---|---|---|
| 2023 | 2022f | ||
| Grants Receivable | |||
| Mid Suffolk District Council | 125,500 | 95,500 | |
| The National Association ofCitizen Advice Bureaux | 74,211 | 72,994 | |
| Suffolk County Council | 55,967 | 19,431 | |
| Rope Trust | 20,000 | ||
| Hopestead Stowmarket Town Council |
10,000 7,600 |
7,600 | |
| East Suffolk Council | 6,250 | ||
| M SSociety Stowmarket Relief Trust |
4,000 200 |
4,333 5,500 |
|
| Ipswich &East Suffolk CCG Ipswich & District CAB - Suffolk Advice 8 Support Service Suffolk Community Foundation Innovation Community |
24,926 11,700 8,718 8,333 |
||
| 303,728 | 259,035 | ||
| Donations | |||
| Private Donations | 10,787 | 5,564 | |
| Parish Councils | 7,085 | 7,059 | |
| Needham Market Town Council |
5,500 | 4,500 | |
| Alfred Williams Charitable |
Trust | 3,000 | 3,000 |
| CAMs Mayor Geoffrey Burton Charitable |
Trust | 2,900 2,000 |
1,850 |
| Needham Market 8 Barking Welfare Charities Other donations |
1,000 5 |
1,000 19 |
|
| Margaret Wright Birketts LLP |
10,002 | ||
| 32,277 | 32,994 |
| 7. | Charitable a |
ctivities | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds f. |
2023 f |
Funds | 2022 | |||
| Other income | 849 | 849 | 1,782 | 1,782 | ||
| 8. | Investment | income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2023 | Funds | 2022 | |||
| F | F | |||||
| Bank interest | receivable | 2 776 | 2 776 | 1,197 | 1,197 |
| 9. | Expenditure on charit |
able activities |
|||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2023 | |||
| f. | E | E | |||
| Subsistence and refreshments |
762 | 762 | |||
| Staff travel | 336 | 336 | |||
| Surviving winter grants |
|||||
| Staff recruitment | 834 | 834 | |||
| Staff training | 408 | 388 | 796 | ||
| Volunteer training |
1,100 | 1,100 | |||
| Volunteer expenses | 3,173 | 3,173 | |||
| Volunteer other |
363 | 363 | |||
| Wages and salaries | 181,373 | 56,045 | 237,418 | ||
| Support costs | 69,287 | 5,547 | 74,834 | ||
| 257,636 | 61,980 | 319,616 | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2022 | |||
| f | f | ||||
| Subsistence and refreshments |
414 | 414 | |||
| Staff travel | 637 | 644 | |||
| Surviving winter grants |
9,207 | 9,207 | |||
| Staff recruitment | 75 | 75 | |||
| Staff training | 1,403 | 1,403 | |||
| Volunteer training |
500 | 500 | |||
| Volunteer expenses | 1,150 | 211 | 1,361 | ||
| Volunteer other |
385 | 385 | |||
| Wages and salaries | 148,208 | 46,580 | 194,788 | ||
| Support costs | 48,515 | 14,064 | 62,579 | ||
| 210,494 | 60,862 | 271,356 | |||
| Analysis ofsupport costs | |||||
| 2023f | 2022 E |
||||
| Offices costs | 40,704 | 28,740 | |||
| Premises costs | 29,207 | 29,489 | |||
| Legal and professional | fees | 2,173 | 1,867 | ||
| Depreciation | 1,703 | ||||
| Other costs | 1,047 | 2,483 | |||
| 74,834 | 62,579 | ||||
| 10. | Net income | ||||
| Net income is stated after charging: | |||||
| 2023 | 2022 | ||||
| Operating lease rentals |
23,757 | 21,629 |
| Independent | examination | fees | ||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| E | F | |||||
| Fees payable Independent |
to the independent examination ofthe |
examiner for: financial statements |
2,136 | 1,854 |
| The total staff costs and employee benefits for the |
reporting period are analysed as follows |
: |
|---|---|---|
| 2023 E |
2022f | |
| Wages and salaries Social security costs Pension costs |
213,836 9,583 13,999 |
176,991 6,458 11,339 |
| 237,418 | 194,788 |
| No trustees received any remuneration or reimbursed e Tangible fixed assets |
xpensed during this or the prior year. |
|---|---|
| Office | |
| equipmentf | |
| Cost | |
| At 1 April 2022 | 33,988 |
| Additions | 6,810 |
| At 31March 2023 | 40,798 |
| Depreciation At 1 April 2022 |
33,988 |
| Charge for the year | 1,703 |
| At 31March 2023 | 35,691 |
| Carrying amount At 31March 2023 |
5,107 |
| At 31 March 2022 |
| 15. | Debtors | ||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| F | |||||
| Prepayments | and accrued income | 300 | 14,048 | ||
| 16. | Creditors: Amounts | falling due within one year | |||
| 2023 | 2022 | ||||
| f. | f. | ||||
| Accruals and deferred | income | 60,941 | 24,871 | ||
| Other creditors | 200 | ||||
| 60,941 | 25,071 |
| Yea | r ended 3 | 1 March | 2023 | |||||
|---|---|---|---|---|---|---|---|---|
| 17. | Analysis of | charitable | funds | |||||
| At 1 April | At 31 March | |||||||
| 2022 | Income E |
Expenditure f |
Transfersf | 2023 E |
||||
| Unrestricted | funds | |||||||
| General Funds | 171,977 | 274,385 | (257,636) | (70,000) | 118,726 | |||
| Equipment Reserve |
20,000 | 20,000 | ||||||
| Contractual | Commitment | |||||||
| Reserve | 55,000 | 55,000 | ||||||
| Development | Reserve | 10,000 | 70,000 | 80,000 | ||||
| Property Reserve | 40,000 | 40,000 | ||||||
| 296,977 | 274,385 | (257,636) | 313,726 | |||||
| Restricted funds | ||||||||
| BIM Project | 3,000 | (3,000) | ||||||
| M SSociety | 4,000 | (4,000) | ||||||
| EAP | 5,968 | 38,245 | (34,980) | 9,233 | ||||
| Rope Trust | 20,000 | (20,000) | ||||||
| 5,968 | 65,245 | (61,980) | 9,233 | |||||
| At 1 April | At 31 March | |||||||
| 2021 | Income F |
Expenditure f |
Transfers | 2022 f |
||||
| Unrestricted | funds | |||||||
| General Funds | 124,203 | 248,179 | (209,287) | (38,704) | 171,977 | |||
| Equipment Reserve |
20,000 | 20,000 | ||||||
| Contractual | Commitment | |||||||
| Reserve | 55,000 | 55,000 | ||||||
| Development | Reserve | 10,000 | 10,000 | |||||
| Property Reserve | 40,000 | 40,000 | ||||||
| Covid 19Reserve | 25,000 | (1,207) | 23,793 | |||||
| 274,203 | 248,179 | (210,494) | (14,911) | 296,977 | ||||
| Restricted funds | ||||||||
| BIM Project | 2,850 | (12,895) | 10,045 | |||||
| Employment | Advice | 4,669 | (5,772) | 1,103 | ||||
| Help to Claim | 18,463 | (21,513) | 3,050 | |||||
| M S Society | 421 | 4,333 | (5,467) | 713 | ||||
| EAP | 13,583 | (7,615) | 5,968 | |||||
| Rent | 7,600 | (7,600) | ||||||
| 5,090 | 46,829 | (60,862) | 14,911 | 5,968 |
| As at 31 March 20 | 23 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Designated | Restricted | Total Funds | |||
| Funds f |
Funds F |
Funds f |
2023 | |||
| Current assets | 118,726 | 195,000 | 9,233 | 322,959 | ||
| Net Assets | 118,726 | 195,000 | 9,233 | 322,959 | ||
| As at 31 March 2022 | ||||||
| Unrestricted | Designated | Restricted | Total Funds | |||
| Funds | Funds | Funds | 2022 | |||
| F | ||||||
| Current assets | 171,977 | 125,000 | 5,968 | 302,945 | ||
| Net Assets | 171,977 | 125,000 | 5,968 | 302,945 | ||
| Financial commitments | ||||||
| Total commitments | under non-cancellable | operating leases |
are as follows: | |||
| 2023 f |
2022 | |||||
| Amounts due within |
one year | 20,048 | 18,607 | |||
| Amounts due between |
one and 5years | 16,706 | ||||
| 36,754 | 18,607 |