DoGuSign Envelope ID." CB1 D61CB.E3E44A6E.A3A8-D772E3M2E86 Registered number.. 05311627 Charity number.. 1107830 CITIZENS ADVICE MID MERCIA (A company limited by guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
DoGuSign Envelope ID." CB1 D61CB.E3E44A6E.A3A8-D772E3M2E86 CITIZENS ADVICE MID MERCIA IA company limited by guarantee} CONTENTS Page Reference and administrative detsils of the charity. its Trustees and advisers Trustees. report Independent auditors. report on the financial statoments Statement of financial activities 10 Balance sheet Statement of cash flows 12 Notes to the financial statements 13-30
DoGuSign Envelope ID." CB1 D61CB.E3E44A6E.A3A8-D772E3M2E86 CITIZENS ADVICE MID MERCIA IA company limited by guarantee} REFERENCE ANO ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023 Trustees J Lloyd, Chair Councillor D Shepherd J Bosworth G Royall B Gillman Iresigned 2 February 20231 Councillor J Hewlell K Eldrel, Vice Chair C Smith, Treasurer S McKendrick A Armstrong l G Blackett (appointed 17 August 20231 Company registered number 05311627 Charity registered number 1107830 Registered office 114 Church Street Church Gresley Swadlincole Derbyshire DE11 9NR Senior management team Mr D Symcox, Chief Executive Officer & Company Secretary Mrs S Brown, Deputy Chief Executive Officer Independent auditors Bales Weston Audit Ltd Slatulory Auditors Chartered Accounlanls The Mills Canal Street Derby DE12RJ Bankers Unity Trust Bank 9 Brindley Place Birmingham B12HB Accountants Bales Weston LLP Chartered Accounlanls The Mills Canal Street Derby DE12RJ Page 1
DoGuSign Envelope ID." CB1 D61CB.E3E44A6E.A3A8-D772E3M2E86 CITIZENS ADVICE MID MERCIA IA company limited by guarantee} TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2023 Structure Governance and Mana ement Govorning Document The Charity was incorporated as a company limited by guarantee on 13th December 2004 (Company Number.. 053116271. The full name of the charity is Citizens Advi Mid Mercia and il was registered with the Charity Commission on 27 January 2005 (Charity Number.. 11078301. The charity commenced operations on 1st April 2005 al which date the assets and liabilities of the unincorporated South Derbyshire Citizens Advice Organisalion (Charity Number.. 10791151 were acquired. 11 is governed by ils Memorandum and Articles of Association. Previously the organisation was referred to as Citizens Advi South Derbyshire or South Derbyshire CAB or Citizens Advice South Derbyshire and City. From 1 April 2019 il is referred lo as Citizens Advice Mid Mela Isee below- Aims, Obieclives, Strategies and Activities for the Yearl. anisational structure The Charity Is governed through a Trustee Board. Trustees, who are also Directors of the Company, are elected from the local community and musl either reside or work South Derbyshire, Derby City, East Slaffordshire, Tamworth or surrounding areas. The Trustee Board is responsible for setting the strategic direction of the organisation and the policy of the charity. The Trustees carry the ultimate responsibility for the conduct of Citizens Advice Mid Mercia and for ensuring that the charity satisfies its legal and contractual obligations. The Articles of Association provide for a minimum of three and a maximum of fifteen Trustees, being either.. a. Nominated by member organisations, or b. Co-opted by the Trustee Board An Election Committee, made up of Trustees, the Company Secretary and chaired by the Vice Chair is established lo oversee the elections proTrss for Board appoinlmenls. All Trustees whether elected, nominated or co-opted musl retire from office al the third year of Offi following their election, but may be reelected or re- appointed. No other persons or bodies external to the charity are entitled to appoint persons lo the Trustee Board. A separate process agreed by the Trustee Board is followed for the election of the Chair. The Trustee Board meet as a minimum quarterly and has a number of working sub-committees who report back to the full Trustee Board. The Trustee Board delegates the implementation of ils decisions and the day-lo- day operation of the organisation to the chief executive, supported by senior managers. The Trustee Board is Independent from management. A register of members, interests is maintained at the registered office, and is available to the public. The organisalion is Co-ordinated from its registered officelprincipal pla of business al 114 Church Street, Church Gresley, Swadlincote, Derbyshire DE11 9NR, though has offices across Derby City, East Stsffordshire and Tamworth. Trustee Induction and training Through a comprehensive Induction lo Citizens Advice Mid Mercia, which includes the provision of training courses and mentoring by established trustees, newly appointed Trustees are briefed on their legal obligations under charity and company law, the conlenl of the Memorandum and Articles of Association, the committee and decision-making process, the business plan and rent financial performance of the charity. They also meet key employees and other Iruslees and are encouraged to attend appropriate external training events where these will facilitate the understsnding of their role. Page 2
DoGuSign Envelope ID." CB1 D61CB.E3E44A6E.A3A8-D772E3M2E86 CITIZENS ADVICE MID MERCIA IA company limited by guarantee} TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 Arrangements for settlng the remuneratlon of key management personnel The Trustee Board has a remuneration sub-commillee with the responsibility for setting and monitoring of the pay and remuneration of Personnel in key management, which is slruclured against industry benchmarks. The Committee presents to the Board for consideration ils report and a vote is taken on whether to approve the recommendation. Alms ob-ectives and strate The charity's objects are to promote any charitable purpose for the benefit of the community in Derby City, South Derbyshire, East Stsffordshire, Tamworth and surrounding areas, by the advanment of education, the prolects'on and preservation of health and the relief of poverty, sickness and distress. Citizens Advice Mid Mercia aims lo provide free, confidential, impartial and independent information, advice, peer support, health support and training for the benefit of the local community, to exercise a responsible influence on the development of social policies and services and to ensure individuals are aware of and have access to our ServIS and do not suffer through a lack of knowledge or an inability to express their needs effectively. We provide help around a wide range of topics through delivery of quick advice, generalist advice, casework, peer support and training. To meet these aims the organisation has identified four key strategic objectives.. We'll deliver an effective and accessible service We'll build strategic partnerships and be influential We'll become even more sustainable We'll embrace our core values Actlvl The organisation have continued lo adapt, develop and expand ServIS to continue to help clients in the best way possible, in the most efficient way possible and through a model that is best lo help our clients find a way forward. This is an aim that has been successful and even allowed our organisation to expand the number of people that we have supported. In addition to our volunteer generalist advi service the following specialist information, advisory and health support ServIS were provided.. 1. Outreach advi service in primary care settings to help address health inequalities by tsckling povety- related determinants of health. 2. Money Advice Service IMAS) casework - providing free quality and consistent debt management. 3. Wellbeing service- to help address issues facing families with the key focus being income maximisation. 4. Debt Advice - to help households facing unmanageable debt in Burton. 5. Integrated Advocacy Servi - brings together all independent statutory and non-ststulory advocacy in Derby City so that people who need advocacy support can now access il in one place. 6. IT training- providing digital skills and IT training, advice and support ntred around the needs of the individual. 7. Money Management Advice- advise on maximising income, managing cash flow and budgeting. Page 3
DoGuSign Envelope ID." CB1 D61CB.E3E44A6E.A3A8-D772E3M2E86 CITIZENS ADVICE MID MERCIA IA company limited by guarantee} TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 8. Energy - lo assist with issues relating to relief from fuel poverty and advising on energy & thermal efficiency measures. 9. Money Sorted in D2N2, part of the Building Better Opportunities Programme providing support and personally tailored interventions for people of working age who are experiencing financial difficulties and exclusion, who are unemployed or economically inactive. 10. Community of praclise to understsnd the current setvices and gaps in delivery for autistic people and create ServIS to fill those gaps. 11. Help to claim- providing assistan lo claim universal credit. 12. Autism service- providing information and advice surrounding autism. 13. Universal service for carers free, confidential and imparts'al sewice dedicated solely to the holistic support of unpaid carers in Derby City. 14. Eu-resettlement service - practical support to vulnerable EU, EEA and Swiss citizens land their non EU family members) through information-giving, advi and provision of technology and assistance to help them make a scheme application. 15. Tamworth advi project- generalist advice and debt service for the community of Tamworth. 16. Derbyshire Community Health Trust project- generalist advice and debt Servi for DCHS clients. 17. Help through hardship servi food banks. advi seNice funded by the Trussell Trust supporting those accessing 18. Midlands Partnership Foundation Trust- Financial inclusion advi for MPFT clients. 19. Generalist advice in South Derbyshire support residents. Advice setvices funded by South Derbyshire District Council lo Publlc beneflt In considering the operation, achievements, performance and finances of the charity, the trustees are satisfied that public benefit has been provided in accordance with the Charities Act 2011 and the guidance published by the Charity Commission. Achievements and erfomiance 2022123 In the year 2022123 we provided high quality services to the residents of South Derbyshire Derby City, East Staffordshire, Tamworth and the surrounding areas. A particular success has been lo establish our community of practise partnership which is the first of ils kind in the country. A service that allows an inclusive, community focused analysis of gaps for aulislic people and people with learning disabilities. 11 is a service that we expect to have many dedicated work packages in the year to come. Another success has been to expand our help through hardship service from a pilot into a full-blown service, increasing advice provision for those that aCsS food banks from hundreds lo thousands of clients per year. In 2022123, 5.20A of the registered adult population of South Derbyshire, Derby City, East Stsffordshire and Tamworth received help. An achievement that has meant over 30,333 individuals have been helped lo find a way foNard. This has meant that we have helped with over 84,932 issues and had over 301,001 contacts with clients. Page 4
DoGuSign Envelope ID." CB1 D61CB.E3E44A6E.A3A8-D772E3M2E86 CITIZENS ADVICE MID MERCIA IA company limited by guarantee} TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 Staff volunteers and rinci le funders Our success could not have been achieved without the hard work and dedication of our staff and volunteers. The Trustees and the Senior Management Team recognise the tremendous contribution made, without which the service could not operate. To be an adviser, specialist or front line worker within the organisation requires extensive training, dedication and commitment to help those in our community. We are therefore so grateful for the valuable support our trained stsff and volunteers provide throughout the organisalion. Our Volunteers are for instsnce involved in the administration department, as generalist Advisors or telephone Advisors and assist with our community development projects. The essential work achieved would not have been possible without the help of our principle funders which include The Money Advice Service, Derbyshire County Council, Derby City Council, South Derbyshire District Council, Tamworth Borough Council, The Big Lottery, The European Union, Citizens Advice England and Wales, Midlands Partnership Foundation Trust, The Trussell Trust, Derbyshire Integrated Care Board, Derbyshire Community Health Trust, Good Things Foundation, Multiple Sclerosis Society, Smart Energy GB, Winshill Parish Council, Marches Energy. Need rlsks and future lans There are a series of principal risks that the management and Iruslees have identified, both lo clients served and the organisalion overall. Most prevalent amongst those is the cost of living crisis. Primarily the adverse effect that this could have on the clients that we serve and vast increase in need for our services and uncertainly of future funding, especially from traditional sources. 11 will be the aim of the organisation to meet these challenges by ensuring that we continue lo deliver the highest possible stsndard of service, sustaining and developing areas of funding to increase provision while ensuring that all staff and volunteers are supported. To meet these challenges, the organisation plans to.. Continue lo implement and invest in digital training and innovations programme for our people Improve the quality of advice through extemal audit Invest in a dedicated funding team lo expand and diversify services Develop strong connections with remaining external partners Focus on the effects of the cost of living crisis Focus on supporting those living with neurodiverse, leaming disabilities and mental health issues Provide help in the most deprived wards served Maintain the quality of provision across all services Sustain the answer rale within our own telephone adviceline Diversify our funding stream further for greater sustainability Deliver face lo face provision where needed for clients Financial review For the year ended 31st March 2023 the charity has benefitted from incoming resources of £2,327,372 of which £2,319,179 was funding for charitable aclivilies. An in-year surplus of £158,689 resulted in an increase of reserves with the charity now reporting total funds of £1,007,536 of which £769,063 are unreslricled and £238,473 are reslricled. Of the unrestricted funds, £410,616 has been designated for other purposes, of which £237,616 relate to fixed assets. Citizens Advice Mid Mercia is required lo ensure that free monies are available in each financial year lo meet any reasonable foreseeable contingency. The organisalion will maintain a projection of income for at least Page 5
DoGuSign Envelope ID." CB1 D61CB.E3E44A6E.A3A8-D772E3M2E86 CITIZENS ADVICE MID MERCIA IA company limited by guarantee} TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 years ahead and will ensure that this continues to be derived from as wide a variety of sources as possible. The Board take all reasonable steps lo minimise the impact that would occur from the cessation of one or more funding streams within this period and are mindful to structure the charity in a way to minimise the likelihood that this would present so serious a challenge to the future of the organisalion that il could not be managed. In reviewing the potential costs that could arise should a significant reduction in income be incurred, or to deal with variances in cash flow, the Trustees have determined that 'free reseNes'. in addition to 'Designated funds, should be maintsined equal to 3 months normal operats'ng expenditure. Trustees Res onslblll ststement The Trustees (who are also directors of Cityzens Advi Mid Mercia for the purposes of company lawl are responsible for preparing the Trustees, report and the financial statements in accordance with law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practisel. Company law requires the Trustees lo prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the stste of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, the charitable company for that period. In preparing these financial stalemenls, the Trustees are required lo.. select suitsble accounting policies and then apply them consislenlly, observe the methods and principles of the Charities SORP, make judgements and accounting estimates that are reasonable and prudent, stale whether applicable UK Accounting Standards have been followed, subject lo any material departures disclosed and explained in the financial statements,. prepare the financial statements on the going concern basis unless it is inappropriate lo presume that the charitable company will continue operation. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitsble company and enable them lo ensure that the financial statements comply with the Companies Act 2006. They are also reasonable for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Dlsclosure of infomiation to auditors Each of the persons who are Trustees al the time of when this Trustees, report is approved has confirmed that.. So far as that Trustee is aware, there is no relevant audit information of which the charitable company's auditors are unaware. Trustees have taken all steps that ought lo have been taken as a Trustee in order lo be aware of any relevant audit information and to establish that the charitable company's auditors are aware of that information. Approved by order of the members of the board of Trustees and signed on their behalf by.. Mr J Lloyd Ichair of Trustees) Dale.. 1511212023 Page 6
DoGuSign Envelope ID." CB1 D61CB.E3E44A6E.A3A8-D772E3M2E86 CITIZENS ADVICE MID MERCIA IA company limited by guarantee} INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF CITIZENS ADVICE MID MERCIA Opinion We have audited the financial statements of Citizens Advi Mid Mercia (the 'charity'l for the year ended 31 March 2023 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the related notes, including a summary of 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 Stsndard applicable in the UK and Republic of Ireland, Iunited Kingdom Generally ACpted Accounting Practi1. In our opinion the financial statements.. give a true and fair view of the slate of the charitable companls affairs as at 31 March 2023 and of its Incoming reSoUrS and application of resour$, including Ils income and expenditure 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 IUKI IISAS IUKII and applicable law. Our responsibilities under those $18ndards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant lo our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Elhieal Standard, and we have fulfilled our other ethical sponsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is suffi'cient and appropriate lo 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 COnM 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 lo events or conditions that, individually or collectively, may cast significant doubl on the charitable company's ability lo continue as a going concern for a period of at least e1ve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect lo going concern are described in the relevant sections of this report. other information The other information eomprises the information included in the annual report other than the financial statements and our auditors, report Ihereon. 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, except lo the extent otherwise explicilly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is lo 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 wotk we have performed, we conclude that there is a material misstatement of this olhei information, we are required to report that fact. We have nothing lo report in this regard. Page 7
DoGuSign Envelope ID." CB1 D61CB.E3E44A6E.A3A8-D772E3M2E86 CITIZENS ADVICE MID MERCIA IA company limited by guarantee} INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF CITIZENS ADVICE MID MERCIA ICONTINUEDI Opinion on other mattors prescribod by the Companigs Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the informab'on given in the Trustees, report for the financial year for which the financial statements are prepared is consistent with the financial ststements. the Trustees, report has been prepared in accordan with applicable legal requirements. Matters on which are required to report by exception In the light of our knowledge and understsnding of the charitable company and ils environment obtained in the course of the audit, we have not identified material misstatements in the Trustees, report. We have nothing to report in respect of the following matters in relation lo which Companies Act 2006 requires us lo report to you if, in our opinion.. adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us,. or the financial slalements are not in agreement with the accounting records and returns,. or ertain disclosures of Trustees, remuneration specified by law are not made., or we have not received all the information and explanations we require for OLJr audit", or the Trustees were not entitled to prepare the financial statements in aceordance with the sm811 companies regime and lake advantage of the small companies, exemptions in preparing the Trustees. report and from the requirement to prepare a Strategic report. Responsibilities of trustees As explained more fully in the trustees, responsibilities statement, the Trustees Iwho are also the directors of the ch8ritsble company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such intemal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due lo fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability lo continue as a going concern, disclosing, as applicable, matters related lo going concern and using the going conrn basis of accounting unless the Trustees either Intend to liquidate the charitable company or lo cease operations, or have no realistic alternative but lo do so. Auditors. responsibilities for the audit of the financial statements Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from material misslatemenl, whether due to traud or error, and to issue an auditors, report that includes our opinion. Reasonable assurance is a high level of assuran, bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will aayS delect a material misstalemenl when Il exists. Misstalemenls can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected lo influence the economic decisions of users taken on the basis of these financial stalemenls. Irregularib'es, including fraud, are instsnces of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to delecl material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of delecling irregularities, induding fraud is detsiled below". Based on our understsnding of the charity and sector in which it operates, we conSided those laws and gulalions that have a direct impact on the preparation of the financial statements such as the Companies Act 2006. Audit procedures performed by the engagement team included". Enquiry of management around actual and potential litigation and claims., Reviewing financial slalemenl disclosures and lesling to supporting documentation to assess compliance with applicable laws and regulations., Page 8
DoGuSign Envelope ID." CB1 D61CB.E3E44A6E.A3A8-D772E3M2E86 CITIZENS ADVICE MID MERCIA IA company limited by guarantee} INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF CITIZENS ADVICE MID MERCIA ICONTINUEDI Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading lo a material misslalemenl in the financial slalemenls or non-complian with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected In the financial stalemenls, as we will be less likely to become aware of instan5 of non-wmpliance. The risk is also greater regarding irregularities occurring due lo fraud rather than error, as fraud involves intentional COnalMent, forgery, collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at". www.frc.or .uklaudilorsres onsibilities. This description forms part of our auditors, report. Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might stale to the charitable company's members those matters we are required to stste to them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed. Wayne Thomas ACA (Senior Statutory Auditor) for and on behalf of Bates Weston Audit Ltd statutory Auditors Chartered Accountants The Mills Canal Street Derby DE12RJ Date". Page 9
DoGuSign Envelope ID." CB1 D61CB.E3E44A6E.A3A8-D772E3M2E86 CITIZENS ADVICE MID MERCIA IA company limited by guarantee} STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023 Unrestricted funds 2023 Restricted fund$ 2023 Total funds 2023 Total funds 2022 Note Income from: Donations and legacies Charitable activities other trading activities Investments Other income 1,452 1,452 2,319.179 460 2,800 3,481 776 2,319.179 1,984. 760 9,815 460 2.800 3,481 Total income 8.193 2,319.179 2,327.372 1,995.291 Expenditure on: Charitable activities 10,369 2,158,314 2,168,683 1,873,910 Total expenditure 10.369 2,158.314 2,168.683 1,873,910 Net lexpenditurellineome Transfers between funds {2,1761 58.538 160,865 158.5381 158,689 121,381 Net movement in funds 56.362 102.327 158.689 121,381 Reconciliation of funds.. Totsl funds brought forward Nel movement in funds 712,701 56,362 136,146 102,327 848,847 158,689 727,466 721,381 Total funds carried forward 769.063 238.473 1,007.536 848.847 The Statement of financi818ctivities includes all gains and losses recognised in the year. The notes on pages 13 to 30 form part of these fin8nci81 statements. Page 10
DoGuSign Envelope ID." CB1 D61CB.E3E44A6E.A3A8-D772E3M2E86 CITIZENS ADVICE MID MERCIA IA company limited by guarantee} REGISTERED NUMBER: 05311627 BALANCE SHEET AS AT 31 MARCH 2023 2023 2022 Notg Fixed assets Tangible assets 12 294,807 284,433 294,807 284.433 Current assets Debtors Cash al bank and in hand 243,806 778.597 129, 862 633, 733 1,022.403 763,595 Creditors.. amounts falling due within one year 14 1309,6741 (199, 781) Net current assots 712,729 564.414 Total assets less current liabilities 1.007.536 848.847 Total net assets 1,007,536 848,847 Charity funds Reslricled funds Unrestricted funds 15 15 238.473 769,063 136, 146 712, 701 Total funds 1.007,536 848.847 The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect lo accounting records and preparation of financial statements. The financial statements have been prepared in accordan with the provisions applicable to entities subject lo the small companies regime. The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. J Lloyd Dale.. 1511212023 Page11
DoGuSign Envelope ID." CB1 D61CB.E3E44A6E.A3A8-D772E3M2E86 CITIZENS ADVICE MID MERCIA IA company limited by guarantee} STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 Cash flows from operating activities Nel cash used in operating activities 174,443 162,087 Cash flows from investing activities Purchase of 18ngible fixed assets 129,5791 (29,259) Net cash used in investing activities 129,5791 129.2591 Cash flows from flnanclng actlvltles Repayments of borrowing (34.274) Net cash provided byl(used inl financing activities 134.2741 Change In cash and cash equlvalents In the year Cash and cash equivalents at the beginning of the year 144,864 98,554 633,733 535, 179 Cash and cash equivalents at the end ofthe year 778,597 633. 733 The notes on pages 13 to 30 form part of these financial statements Page 12
DoGuSign Envelope ID." CB1 D61CB.E3E44A6E.A3A8-D772E3M2E86 CITIZENS ADVICE MID MERCIA IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accounting policios 1.1 Basis of preparation of financial statements The financial statements have been prepared in aceordance with the Charities SORP IFRS 1021 Accounting and Reporting by Charities". Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Iland IFRS 1021, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. Citizens Advice Mid Mercia meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise ststed in the relevant accounting policy. 1.2 Company status The charity is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the charity being wound up, the liability in sPect of the guamnlee is limited lo £1 per member of the charity. 1.3 Income All income is COgnised once the charity has entitlement lo the ineome, it is probable that the income will be received and the amount of income receivable can be measured reliably. Income from government and other grants is recognised when the charity has entitlement to the funds, any performance conditions attached to the gffinl have been mel, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Eviden of entitlement will usually exist when the formal offer of funding is communicated in writing to the charity. However some grants will contain terms or conditions that must be mel before the charity has entitlement to the resources. Income received in advan for the provision of specified services is deferred until the criteria for income recognition are meL Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the servi. 1.4 Resources expended Expenditure is COgnised once the is a legal or construcb've obligation lo tfftnsfer economic benefit to 8 third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured lIablY. Expenditure is classified by activity. The costs of each 8etivily are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. 01ct costs attributable lo a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Centffil staff costs are allocated on the basis of lime spent, and depreciation charges 811ocaled on the portion of the asset's use. The primary functional activity of the charity is the giving of free and confidential advice to the public. Support costs include all those overhead costs of office and bureau accommodation, utility services, and other serVIS and costs, which are in support of the activity. Support costs also include the governance costs." costs of meeting the constitutional and statutory requirements of the charity, the audit fees and costs linked to the strategic management of the charity. Page 13
DoGuSign Envelope ID." CB1 D61CB.E3E44A6E.A3A8-D772E3M2E86 CITIZENS ADVICE MID MERCIA IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accounting policios Icontinuedl 1.5 Tangible fixod assots Tangible fixed assets costing £500 or more are capilalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are carried al cost, nel of depreciation and any provision for impairment. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives. Depreciation is provided on the following bases.. Freehold property Fixtures and fittings Computer equipment 2'k on cost 20,/0 reducing balan 20,/0 reducing balan 1.6 Opgrating 1gaSOS Rentals under operating leases are charged to the Statement of financial activities incorporating income and expenditure account on a straight line basis over the lease term. 1.7 Debtors Trade and other debtors are recognised at the settlement amount. Prepayments are valued al the amount prepaid. 1.8 Cash at bank and in hand Cash at bank and in hand Includes cash and short-temi 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. 1.9 Liabilities and provisions Liabilities are recognised when there is an obligation al the Balance sheet date as a result of a past event, Il is probable that a transfer of economic benefit will be required in selllemenl, and the amount of the selllemenl can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates Il will pay to sellle the debt or the amount it has reTrived as advanced payments for the goods or services it musl provide. Provisions are measured al the best estimate of the amounts required lo settle the obligation. Where the effect of the lime value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rale that reflects the risks specific lo the liability. The unwinding of the discount is recognised within interest payable and similar charges. 1.10 Financial instrumgnts The charity onty has financial assets and financial liabilities of a kind that qualify as basic financial inslrumenls. Basic financial instruments are initially recognised at transaction value and subsequently measured al their settlement value with the exception of bank loans which are subsequently measured al amortised cost using the effective interest method. Page 14
DoGuSign Envelope ID." CB1 D61CB.E3E44A6E.A3A8-D772E3M2E86 CITIZENS ADVICE MID MERCIA IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accounting policios Icontinuedl 1.11 Taxation The charity is exempl from corporation tax on its charitable activities under section 505 of the Income and Corporation Taxes Act 1988. No provision for taxation has therefore been made in these accounts. 1.12 Pensions The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity lo the fund in respect of the year. 1.13 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objecbves of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is sel out in the notes lo the financial statements. Restricted funds are funds which are lo be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund Is set out in the notes lo the financial statements. Income from donations and logacies Unrostrictod funds 2023 Totsl funds 2023 Total funds 2022 Donations and gifts 1,452 1,452 716 Page 15
DoGuSign Envelope ID." CB1 D61CB.E3E44A6E.A3A8-D772E3M2E86 CITIZENS ADVICE MID MERCIA IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Income from charitablg activities Restricted funds 2023 Totsl funds 2023 Total funds 2022 Gateway Community Development Family Support Outreach Debt & Financial Awareness 756,404 629,150 250,284 107,725 575,616 756A04 629,150 250,284 107,725 575.616 377,697 531,586 255,286 408.221 411,970 2,319,179 2,319,179 1, 984, 760 Income from charitable activities Icontinuod} Funding from Government organisalions can be analysed as follows.. 2023 2022 South Derbyshire District Council Bureau Funding Disabled facilities grant 62,228 16,833 60,996 67,330 79,061 128.326 Dorby City Council Advocacy Service Carers 177,216 250,284 177.216 255,286 427,500 432,502 Dert)yshire County Council Self Support- Expert Patient Programme Employment Advice Family Advice Service Project NHS Outreach Autism Information and Advice Food bank services Wellbeing and community wellness 33,333 5,200 33.540 103,779 87,242 8,400 5,200 111,273 87,614 4,200 48,236 256,523 271.494 Page 16
DoGuSign Envelope ID." CB1 D61CB.E3E44A6E.A3A8-D772E3M2E86 CITIZENS ADVICE MID MERCIA IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Other governmental organisations staffordshire Council - Outreach Tamworth Borough Council- Outreach Winshill Parish Council Home Office EU Resettlement staffordshire Council - Covid 19 self isolators grant Bolsover district council 6.000 124,282 5,500 72.389 12,000 87,000 5,500 26,926 12,473 131,899 220, 111 894,983 1, 052.493 Income from other trading activities Income from fundraising events Unrestricted funds 2023 Total funds 2023 Total funds 2022 Room hire Admin support 9.690 125 460 460 460 9,815 Investmgnt income Unrestricted funds 2023 Total funds 2023 Total funds 2022 Bank interest 2,800 2,800 Page 17
DoGuSign Envelope ID." CB1 D61CB.E3E44A6E.A3A8-D772E3M2E86 CITIZENS ADVICE MID MERCIA IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Othor incoming rgsources Unrestricted funds 2023 Totsl funds 2023 Total funds 2022 Non-trade income 3,481 3.481 Anatysis of expenditure on charitsble activities Summary by fund type Unrestricted Restricted funds funds 2023 2023 Total 2023 Total 2022 Gateway Community Development Family Support Outreach Debt & Financial Awareness 3,399 2,811 620,342 673,322 269,183 86,216 509,251 623.741 676,133 270,298 86,696 511.815 481,566 515,241 237,233 238.008 401,862 480 2,564 10,369 2,158,314 2,168,683 1, 873,910 Total 2022 25,296 1, 848,614 1,873, 910 Page 18
DoGuSign Envelope ID." CB1 D61CB.E3E44A6E.A3A8-D772E3M2E86 CITIZENS ADVICE MID MERCIA IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Analysis of expendituro by activities Activities undertaken directly 2023 Support osts 2023 Total funds 2023 Total funds 2022 Gateway Community Development Family Support Outreach Debt & Financial Awareness 473,665 531,805 210,548 63,854 406,914 150,076 144,328 59,750 22,842 104,901 623.741 676,133 270,298 86,696 511.815 481,566 515,241 231,233 238.008 401.862 1,686,786 481,897 2,168,683 1,873,910 Total 2022 1,401, 767 472,143 1.873, 910 Anatysis of support costs Community Develop- ment 2023 Famity Support 2023 Gateway 2023 Outreach 2023 Stsff costs Depreciation Staff & volunteer costs Office costs Premises costs Governance Other costs 77,206 5,554 4,633 30,641 15,517 9,224 7,301 73,667 4,594 4,519 30,175 15,302 9,089 6,982 30,509 1,822 1,860 12,563 6,265 3,814 2,917 12,017 784 717 4,797 2,370 1,141 1,016 150,076 144,328 59,750 22,842 To1812022 128,466 129,036 51,943 113,657 Page 19
DoGuSign Envelope ID." CB1 D61CB.E3E44A6E.A3A8-D772E3M2E86 CITIZENS ADVICE MID MERCIA IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Analysis of expendituro by activities Icontinugdl Analysis of support costs Icontinuedl Debt & Financial Awargness 2023 Total funds 2023 Total funds 2022 staff costs Depreciation Staff & volunteer costs Office costs Premises costs 53,818 4,190 3,200 21,112 10,853 6,601 5,127 247.217 16.944 14,929 99.288 50.307 29.869 23,343 190,472 32,084 15,299 129,439 51,972 22,579 30,298 Governance Other costs 104,901 481.897 472,143 Total 2022 43.041 472.143 Auditors. remuneration 2023 2022 Fees payable to the charity's auditor for the audit of the charitys annual accounts 6,200 6.000 10. Staff costs 2023 2022 Wages and salaries Social security costs Contribution lo defined contribution pension schemes 1.550,332 127,171 101,033 1,320.433 103. 727 84,377 1,778,536 1,507,937 Page 20
DoGuSign Envelope ID." CB1 D61CB.E3E44A6E.A3A8-D772E3M2E86 CITIZENS ADVICE MID MERCIA IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 10. Stsff costs {continuod) The average number of persons employed by the charity during the year was as follows.. 2023 2022 Charitable purposes Support and governan 61 51 12 73 62 No employee received remuneration amounting to more than £60,000 in either year. The senior management team as listed on page 1 are considered to be the key management personnel", the aggregate reMUnet10n and benefits received was £102,20412022." £98,091). 11. Trustees. remuneration and expenses During the year, no Trustees reiVed any remuneration or other benefits (2022- £NIL). During the year ended 31 March 2023, expenses tolalling £737 were reimbursed or paid directly to 1 Trustee (2022- £NILI Page 21
DoGuSign Envelope ID." CB1 D61CB.E3E44A6E.A3A8-D772E3M2E86 CITIZENS ADVICE MID MERCIA IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 12. Tangiblg fixed assets Freehold Flxtures and property fittings Computer equipment Total Cost At 1 April 2022 Additions 278,319 51,128 2,300 98,247 27,279 15,2001 427,694 29,579 15,2001 Disposals At 31 March 2023 278,319 53,428 120,326 452,073 Depreciation At 1 April 2022 Charge for the year On disposals 51,227 5,566 35,661 5,106 56,373 8,533 15,2001 143,261 19,205 15,2001 At 31 March 2023 56.793 40,767 59,706 157,266 Net book value At 31 March 2023 221.526 12,661 60,620 294,807 At31 Ma 2022 227,092 15,46T 41,874 284,433 13. Debtors 2023 2022 Due within one year Trade debtors 190,932 330 54,195 Other debtors Prepayments and accrued income 52,544 75,667 243,806 129,862 Page 22
DoGuSign Envelope ID." CB1 D61CB.E3E44A6E.A3A8-D772E3M2E86 CITIZENS ADVICE MID MERCIA IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 14. Creditors: Amounts falling due within one ygar 2023 2022 Trade creditors Other laxalion and social security other creditors 26,772 43,280 274 60,598 65.286 1.675 Accruals and deferred income 239,348 71,622 309,674 199, 181 2023 2022 Deferred Income Deferred income at 1 April 2022 ReSoUrS deferred during the year Amounts released from previous periods 41,259 197,877 (41,2591 78,034 41.259 (78,034) 197,877 41,259 Deferred ineome lateS to grant income received where funders had specified conditions on the spend period. Page 23
DoGuSign Envelope ID." CB1 D61CB.E3E44A6E.A3A8-D772E3M2E86 CITIZENS ADVICE MID MERCIA IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 15. ststement of funds ststomont offunds - curront year Balance at 31 March 2023 Balance at 1 April 2022 Transfgrs inlout Incomg Expgnditure Unrestrlcted funds Designated funds Fixed asset fund Dilapidation & emergency asset repair fund Staff redundancy & closure contingency fund Development Fund 247,985 {10,3691 237,616 16,000 16,000 77.000 77.000 80.000 80,000 340,985 {10,3691 80,000 410,616 General funds General Funds 371,716 8,193 121,4621 358.447 Total Unrestricted funds 712.701 8.193 {10.3691 58,538 769.063 Restricted funds Gateway Community development Family support Outreach Debt and finanei81 services 33,289 23.473 21.633 41,588 16,163 756,404 629.150 250.284 107.725 575,616 1620,3421 1673,3211 1269.1821 {86,2181 1509,2511 30,7491 20,698 138,602 2.735 25.282 71,854 137,8131 10,6741 136.146 2,319.179 {2.158.3141 158.5381 238.473 Totsl offunds 848.847 2,327,372 {2,168,6831 1,007.536 Page 24
DoGuSign Envelope ID." CB1 D61CB.E3E44A6E.A3A8-D772E3M2E86 CITIZENS ADVICE MID MERCIA IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 15. ststement of funds Icontinuedl ststomont of funds - prior year Balan at 31 March 2022 Balan at l Apnl 2021 Transfers in/out Income Expenditure Unrestrlcted funds Designated funds Fixed asset fund Dilapidation & emergency asset repair fund Staff redundancy & closure contingency fund Development Fund 217,531 (25,296) 55, 750 247,985 16,000 f6,000 40,0( 37,0(XJ 77,000 273,537 (25,296) 92, 750 340,985 General funds General Funds 162,689 10,531 198,496 371, 716 Total Unrestricted funds 436,220 10,531 (25,296) 291,246 T12, 701 Restricted funds Gatew8y Community development Family support Outreach 112,931 79,816 33,562 3,506 61,431 377.697 (475, 037) (508,429) (233,998) (234, 512) (396, 638) 17,698 f79,500) (33,217) (135,627) (60,600) 33,289 23.473 21,633 41,588 16,163 531.586 255.286 408,221 411.970 Debt and financial services 291,246 1,984, 760 (1,848,614) (291,246) 136, 146 Totsl offunds 727,466 1,995,291 (1,873, 910) 848.847 Page 25
DoGuSign Envelope ID." CB1 D61CB.E3E44A6E.A3A8-D772E3M2E86 CITIZENS ADVICE MID MERCIA IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Fund Descriptions and Transfers Dosignated funds Designated funds are allocated out of unrestricted funds by the trustees for specific purposes. The use of such funds is at the Iruslees, discretion. Fixed asset fund The Charities SORP specifically allows funds held as tsngible fixed assets for charity use lo be excluded from reserves. This recognises that certain assets will be used operationally and their disposal may adversely impact on a charity's ability to deliver its aims. Cleady all the fixed assets of the charity are essential lo the delivery of our charitable aims and could not be disposed of without adversely Impacting our operations. The carrying value of the Fixed Assets less the secured loan balance is therefore set aside as designated funds in the balan sheet and is excluded from the free reserve (General fund) calculation. Buildin dila idab.on & emer enc asset re air fund Routine rna1ntenan of the building is covered in the annual budget. However, due to the age of the property - it was buitt circa late 1800's, parts of the structure are tired and a fund is required for dealing with the dilapidation and to cover major emergency repairs which could impact on the security or disrupt the operation of the charity from the premises. Staff redundanc & closure ¢onlin en fund Were the charity have to close il would incur a number of winding up costs. Although the trustees expect the charity to continue its activities for a very long lime they nevertheless believe that il Is their duty to be prudent and to protect the charity's reputation by ensuring Il is able lo meet ils financial commitments in the event of a winding up. Therefore the trustees have created a designated fund reflecting the cost of staff redundancies, professional and other costs that would arise should the charity have to close, or lo operate with a much lower level of acb.vity with significantly fewer staff. The amount of this fund will be reviewed annually lo take into account any changes In circumstances, legislation and staff. Develo ment fund Provision of an organisalional priority to recruit, train and deploy volunteer generalist advisers to support the community that we serve. Rgstrictgd funds Galewa Our Gateway Assessment ServiTr aims to improve a¢$S to the best, consistent & practical information, support & advice and where applicable to determine the most appropriate next steplsl that needs to be taken by our clients and to enable them in taking that next steplsl. Our team's primary purpose Is lo ensure that those with lesser needlsl can be dealt with quickly and efficiently and those with greater needlsl can use this as a Gateway lo receive the level and depth of help required, again quickly and efficiently. To help with aspects of this we have been supported with funds from Good Things Foundation formerly Tinder Foundation IHMRC Digital Inclusion & Digital Health Information and Google Digital Garage),. Melropolilan Housing (Energy Training), Trussell Trust IFood Bank servi$) & Aperture IDebt client referrals). Communi Develo ment The Community Development Project is a number of funds all aiming to build a stronger and more resilient local community by promoting the knowledge, skills & tools needed so the disadvantaged can have access & take part in the issues that affect their lives. D2N2.' part of the Building Better Opportunities Programme, supported by the Big Lottery & the European Social Fund IE.S.Fl. An experienced Personal Navigator provides individual support, an assessment of financial well-being and a Personal Finance Resilience Plan and by providing support with current financial Circumstan$, including debt, benefits, banking and any other aspects, financial capability Page 26
DoGuSign Envelope ID." CB1 D61CB.E3E44A6E.A3A8-D772E3M2E86 CITIZENS ADVICE MID MERCIA IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 supportitraining is tailored to the needs of the participant, including the option of a Money Mentor. Self Support.. a fund supported by Derbyshire County Council (Expert Patient Programmel and Incorporating The Living with A Long Term Condition ILWLTCI programme. LWLTC is a free 6-week course that can help a person to lake more control of their health by learning new skills and strategies lo manage their condition on a daily basis. Innovation service. National project to test innovative Ideas that will enhance service and lives for people across the UK Famil Su ort Our Family Support Project Is designed lo offer targeted support and advice to families who often need more than generalist advice. Universal service for carers.. free, confidential and impartial service dedicated solely lo the holistic support of unpaid carers in Derby City. Outreach The purpose of our Outreach Project, including Outreach Contracts, is to establish advice sessions in the heart of the community. The majority of the services we offer are now deliverables at venues throughout South Derbyshire, which means that our clients are able to access our services as soon as possible, In a venue and al a lime that is most convenient for them. GP Advisory Service.. a project funded by 'Derbyshire County Council Public Health, and designed lo help address health inequalities by tackling poverty-relaled delerminanls of health. Clients using this service have advice needs related lo illness or disability (such as welfare benefit enquiries or debt problems). Eu-resettlement service.. practical support to vulnerable EU, EEA and Swiss citizens land their non - EU family members) through information-giving, advice and provision of technology and assistance to help them make a scheme application. Trussell Trust. Citizens Advi, in partnership with The Trussell Trust, provides a freephone helpline for people who cannot afford food and help them obtsin an e-voucher for a local food parcel. 11 also provides Information & advice on the issues that are causing financial hardship In order to move the client forward. Debt and Financial services Casework. providing free quality and consislenl debt management. Transfers bgtwgen funds Transfers beeen the fixed asset fund and general and restricted funds in the prior year represented capital additions within that year and movement in the capital loan balance. Transfers to the development fund represent provision of funds for the purposes described above. Page 27
DoGuSign Envelope ID." CB1 D61CB.E3E44A6E.A3A8-D772E3M2E86 CITIZENS ADVICE MID MERCIA IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 17. Summary offunds Summary offunds - current year Balance at 31 March 2023 Balance at 1 April 2022 Transfers inlout Incomg Expgnditure Designated funds General funds Reslricled funds 340,985 371,716 136.146 {10,3691 80,000 21,4621 158.5381 410.616 358,447 238.473 8,193 2,319.179 {2.158.3141 848,847 2,327,372 {2,168,6831 1,007.536 Summary offunds - prior year Balan at 31 March 2022 Balan at l Apnl 2021 Transfers in/out Income Expenditure Designated funds General funds Reslricled funds 273,531 162,689 291,246 (25,296) 92, 750 198,496 (291,246) 340.985 371, 718 136. 146 10,531 1,984. 760 (1,848,674J 727,466 1,995,291 (1,873, 910) 848.847 18. Analysis of net assets between funds Anatysis of net assets between funds - Current year Unrestrieted Restricted funds funds 2023 2023 Total funds 2023 Tangible fixed assets Current assets Creditors due within one year 284,438 596,422 1111,7971 10,369 425,981 1197,8771 294,807 1,022.403 (309.6741 Total 769,063 238,473 1,007,536 Page 28
DoGuSign Envelope ID." CB1 D61CB.E3E44A6E.A3A8-D772E3M2E86 CITIZENS ADVICE MID MERCIA IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 18. Analysis of net assets botwgen funds {continuodl Analysis of net assets between funds - prior year Unrestricted funds 2022 Restricted funds 2022 Total funds 2022 Tangible fixed assets Current assets Creditors due within one year 258.969 611,654 (157,922) 25,464 151,941 (41,259) 284.433 763.595 (199, 181) Total 712. 701 136, 146 848.847 19. Reconciliation of net movement in funds to net cash flow from operating activities 2023 2022 Nel income for the year las per Statement of Financial Acliviliesl 158,689 121.387 Adjustments for: Depreciation charges Ilncreaselldecrease in debtors Increaselldecreasel in creditors 19,205 1113,6141 110,163 29,687 (3.995) 15,014 Net cash provided by operating activities 174,443 162,087 20. Anatysis of cash and cash equivalents 2023 2022 Cash in hand 778,597 633, 733 Total cash and cash equlvalents 778,597 633, 733 Page 29
DoGuSign Envelope ID." CB1 D61CB.E3E44A6E.A3A8-D772E3M2E86 CITIZENS ADVICE MID MERCIA IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 21. Analysis of changgs in net debt At 1 April 2022 Cash flows At 31 March 2023 Cash at bank and in hand 633,733 11,6751 144,864 1,401 778,597 12741 Debt due within 1 year 632,058 146,265 778.323 22. Related party transactions Owing to the composition of the Trustees Board being drawn from local Council's, expected transactions such as bLJsiness rates are not as a result of their appoinlmenls. All transactions involving such organisations are conducted at arm's length. 23. Operating lease commitments At 31 March 2023 the charity had commitments to make future minimum lease payments under non- CanlIable operating leases as follows.. 2023 2022 Not later than 1 year Later than 1 year and not later than 5 years 23,744 11,872 16,631 16,481 35,616 33.112 Page 30