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 2024
CITIZENS ADVICE MID MERCIA (A company Ilmlted by guarantee) CONTENTS Page Reference and administrative details of the charity, its Trustees and advisers Trustees. report Independent auditors. report on the financlal statements Statement of financial activities 10 Balance sheet Statement of cash flows Notes to the financial statements 13-30
CITIZENS ADVICE MID MERCIA (A Company Ilmited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024 Trustees J Lloyd, Chair K Eldret, Vice Chair J Bosworth, Treasurer Councillor D Shepherd {resigned 1 February 2024) G Royall CoLAncillor J Hewlett C Smith S McKendrick A Armstrong l G Blackett J McKiernan (appointed 1 February 20241 A Mackenzie (appointed 8 May 2024) J Harris {appointed 7 Augtjsl 2024) Company registered numbe 05311627 Charity registered number 1107830 Registered office 114 Church Street Church Gresley Swadlincote Derbyshire DE119NR Senior management team Mr D Symcox, Chief Executive Officer & Company Secretary Mrs S Brown, Chief Operating Officer Independent auditors Bates Weston Audit Ltd Statutory Auditors Chartered AGGountants The Mills Canal Street Derby DE12RJ Bankers Unity Trust Bank 9 Brindley Place Binningham B12HB Accountants Bates Weston LLP Chartered Accountants The Mills Canal Street Derby DE12RJ Page 1
CITIZENS ADVICE MID MERCIA (A company limited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 Structure Governance and Mana ement Governing 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 Advice Mid Mercia and it was registered with the Charity Commission on 27 January 2005 (Charity Number= 11078301. The charity commenced operations on 1 st April 2005 at which date the assets and liabilities of the unincorporated South Derbyshire Citizens Advice Organisation (Charity Number= 1079115) were acquired. It is governed by its Memorandum and Articles of Association. Previously the organisation was referred to as Citizens Advice South Derbyshire or South Derbyshire CAB or Citizens Advice South Derbyshire and City. From 1 April 2019 it is referred lo as Citi£ens Advice Mid Mercia (see below - Aims, Objectives, Strategies and Activities for the Year). Or 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 must either reside or work South Derbyshire. Derby Cily. East staffordshire, Tamworth or surrounding areas. The Trustee Board is responsible for setting the strategic direction of the oiganisation 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 that are elected by the trustee board. An Election Committee, made up of Trustees, the Company Secretary and chaired by the Vice Chair is established to oversee the elections process for Board appointments. All Trustees whether elected, nominated or co-opted must retire from office at the third year of office following their election. bul may be re-elected or re- appointed. No other persons or bodies external to the charity are enlitled to appoinl person5 to 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 its 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 organisation is co-ordinated from its registered officelprincipal place of business at 114 Churoh Street. Church Gresley, Swadlincote, Derbyshire DE11 9NR, though has offices across Derby City, East Stafford5hire and Tamworth. Trustee Induction and training Through a comprehensive induction to Citizens Advice Mid Mercia, which includes the provision of training courses and mentoring by established trustees, newly appointed Trustees are briefed on their legal obligalions under charity and cornpany law, the content of the Memorandum and Articles of Association. the committee and decision-making process, the business plan and recent 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 faciSitate the understanding of their role. Page 2
CITIZENS ADVICE MID MERCIA {A company limited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENOED 31 MARCH 2024 Arrangements for setting the remuneration of key management personnel The Trustee Board has a remuneration sub-committee with the responsibility for setting and moniloring of the pay and remuneration of Personnel in key management, which is structured against induslry benchmarks. The Committee presents to the Board for consideration its report and a vote is taken on whether to approv6 the recommendation. Aims 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 staffordshire, Tamworth and surrounding areas, by the advancement of education, the prolection and preservation of health and the relief of poverty, sickness and dislress. Citizens Advice Mid Mercia is a multi-discipled organisation that aims to provide free, confidential, impartial and independent information. advice, peer support, health and wellbeing support as well as 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 services and do not suffer through a lack of knowledge or an inabilily 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 organi5ation 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 Activit The organisation has continued to adapt. develop and expand services to continue lo help clients in the best way possible, in the most efficient way possible and through a model that is best to help our clients find a way forward. This IS ¢Jn aim that has been successful and even allowed our organisation to expand the number ot people Ihat we have supported. In addition lo our volunteer generalist advice service the following advice, specialist advice, health and wellbeing support services were provided= Outreach advice service in primary care settings to help address health inequalities by taGkling poverty- 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. Debl Advice - to help households facing unmanageable debt in Burton. 5. Integrated Advocacy service - brings together all independent statutory and non-ststutory advocacy in Derby City so that people who need advocacy support can now access it in one place. 6. IT training- providing digital skills and IT training, advice and support centred around the needs of the individual. 7. Money Management Advice - advise on maximising income, managing cash flow and budgeting 8. Energy - to assist with issues relating to relief from fuel poverty and advising on energy & thp.rmAI pffie,iency measures. 9. Coiiiiiiuiiily uf pi'¢JuIis lu und&rsldnd Ihe current services and gaps in delivery for auli5tic people and create services lo fill those gaps. Page 3
CITIZENS ADVICE MID MERCIA (A company Ilmitèd by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 10. Help to Glaim - providing assistance to claim universal credit. 11. Autism service - providing information and advice surrounding autism. 12. Universal service for carers - free, confidential and impartial service dedicated solely to the holistic support of unpaid carers in Derby City. 13. Eu-resettlement service - practical support to vulnerable EU, EEA and Swiss citizens {and their non EU family members) through information-giving, advice and provision of technology and assistance to help them make a scheme application. 14. Tamworth advice project- generalist advice and debt service for the community of Tamworth. 15. Derbyshire Community Health Trust project- generalisl advice and debt service for DCHS clients. 16. Help through hardship service - advice service funded by the Trussell Trust supporting those accessing food banks. 17. Midlands Partnership Foundalion Trust- Financial inclusion advice for MPFT clients. 18. Generalist advice in South Derbyshire Advice services funded by South Derbyshire Districl Council to support residents. 19. Energy services - various energy specific programmes to help people through the energy crisis 20. Short term intervention service a preventative advice, care and support service for people with learning disability and autistic people at imminent risk. Public benefit In considering the operation, achievernents, 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 erformance 2023124 In the year 2023124 we provided high quality services to the residents of South Derbyshire Derby City, East Staffordshire, Tamworth and much wider surrounding areas than ever before. A particular success has been to establish our short lerm intervention service which is the first of its kind in the country. A setvice that allows a preventative support mechanism for those at imminent risk_ Currently a pilot but if proven we expect a model that could be rolled out right across the country. Another success has been to expand our services in Tamworth, specially our homeless hub project in partnership with several partners that will help even more people within Tamworth In 2023124, 5.3 % of the registered adult population of South Derbyshire, Derby City. East Staffordshire and Tamworth received help. An achievement that has meant over 31,203 individuals have been helped to find a way fotward. This has meant that we have helped with over 85,602 issues and had over 306,098 contacts with clients. Staff volunteers and 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 Iremendous contribution made, without which the service could not operate. To be an adviser, specialist, health professional or front line worker within the organisation requires extensive training, dedication and commitment lo help those in our community. We are therefore so grateful for the valuable support our trained staff and volunteers provide throughout the organisation. Our Volunteers are for instance involved in the administration department, as generalist Advisors or telephone Advisors and assist with our community developmenl projects. Page 4
CITIZENS ADVICE MID MERCIA (A company limited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The essential work achieved would not have been possible without the help of our principle funders whiGh include The Money Advice Service, Derbyshire County Council, Derby City Council, South Derbyshire Districl 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, Derby and Derbyshire ICB, and Energy Redress. Need risks and future lans There are a series of principal risks that the management and trustees have identified. both to clients served and the organisation overall. Most prevalent amongst those is the cost of living crisis and continued difficult scenarios faced by many of our clients. Primarily the adverse effecl th(St this could have on the clients that we serve and vast increase in need for our services and uncertainty of future funding, especially from traditional sources. It will be the aim of the organisalion to meet these challeiiges by ensuring that we continue to deliver the l)ighest possible standard 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 to implement and invest in digital training and innovations programme for our people Improve the quality of advice Ihrough external audit Invest in a dedicated funding team to 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. learning disabilities and mental health issues Provide help in the most deprived wards served Focus more heavily within health based services Maintain the quality of provision across all services Sustain the answer rate within our own telephone adviceline Diversify our funding stream further for greater sustainability Deliver face to face provision where needed for clients Flnanclal revlew For the year ended 31st March 2024 the charily has benefitted from incoming resources of £3,189.142 of which £3,176,874 was funding for chafltable activities. An in-year surplus of £163,684 resulted in an increase of reserves with the charity now reporting total funds of £1,097,939 of which £734,262 are unrestricted and £363,677 are restricted. Of the unrestricted funds, £401,959 has been designated for other purposes. of which £215,959 relate to fixed assets. Citizens Advice Mid Mercia is required to ensijre that free monies are available in each financial year to meet any reasonable foreseeable contingency. The organisation will maintain a projection of income tor at least two 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 fundino streams within this period and are mindful to structure the charity in a way to minimise the likelihood that tp would presenl so serious a challenge to the future of the organisation that it could not be managed. Iii reviewiiiy 11)e potenlial costs that could arise should a si91iificaiit reduction in income be incurred with variances in cash flow, the Trustees have determined that 'free reserves,, in addition to 'Desif
CITIZENS ADVICE MID MERCIA (A company limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 should be maintained equal to 3 months normal operating expenditure. Trustees Res onsibilit Statement The Trustees (who are also directors of Citizens Advice 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 (United 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 state 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 staleiiients. the Trustees ale required to.. select suitable accounling policies and then apply them consi5tentiy, observe the methods and principles of Ihe Charilies SORP, make judgements and accounting estimates that are reasonable and prudent, state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements," prepare the financial statements on the going concern basis unless it is inappropriate to presuffle 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 ac¢uiacy at any time the financial position ol the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also reasonable for safeguarding Ihe assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Disclosure of information to auditors Each of the persons who are Trustees at the time of when this Trustees, report is approved ha5 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 to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the charitable company's auditors are aware of thal information. rder of he members of the board of Trustees and signed on their behalf by.. Ic ir of Trustees) Page 6
CITIZENS ADVICE MID MERCIA (A company limited by guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF CITIZENS ADVICE MID MERCIA Opinion We have audited the financial statements of Citizens Advice Mid Mercia Ilhe 'charitll for the year ended 31 March 2024 which comprise the stalemenl of fi'nancial 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 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 stale of the charitable company's affairs as at 31 March 2024 and of its incoming resources and application of resoure.es, including its 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 iequirements of the Companies Act 2006. Basis for opinion We conducled our audit in accordance with Inlernational Standards on Auditing {UKI IISAS (UKI) and applicable law. Our responsibilities under those standards 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 iequirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance wilh 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 ihe 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 uncertainlies relating to events or conditions that, individually or collectively, may cast significant doubt on Ihe charitable companrfs 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 Gomprises the information included in the annual report other than the financial statements and our auditors, 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, except to the exlent otherwise explicitly staled in our report, 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 apparenl material misstatements, we are required to determine whether this gives rise lo 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. Page 7
CITIZENS ADVICE MID MERCIA (A ¢ompany1Smited by guarantee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF CITIZENS ADVICE MID MERCIA (CONTINUED) Opinion on other matters prescribed by the Companies Act 2006 In our opinion, based on the worf( undertaken in the oourse of the audit.. the information given in the Trustees, report for the financial year for which the financial slatemenls are prepared is consistent with the financial statements. the Trustees, report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have iiot identified material misstatements in the Trustees, report. We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to 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 visiled by us., or the financial statements are not in agreement with the accounting records and returns., or certain disclosures of Ttustees, remuneration specified by law are not made- or we have not received all the information and explanations we require for our audit- or the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take 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 (who are also the directors of tho charitable company for the purposes of company law) are responsible for Ihe preparation of Ihe financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial stalements that are free from material misstatement, whether due to fraud or error. In preparing the financial slatements, the Trustees are responsible for assessing the charitable companys ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic altemative but to do so. Auditors, responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to Issue an aijditors, report that includes our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will always delect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if. individually or in the aggregate, they could reasonably be expected to influence Ihe economic decisions of users taken on the basis of these financial statements. Irregularities. including fraud. are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misslalements in respect of irregularities. including fraud. The extent to which our procedures are capable of detecting irre9ularilies, including fraud is detailed below= Based on our understanding of the charity and sector in which it operates, we considered those laws and regulations 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.. Page 8
CITIZENS ADVICE MID MERCIA (A company limited by guarantee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF CITIZENS ADVICE MID MERCIA (CONTINUED) Enquiry of management around actual and potential litigation and claims; Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations- 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 limilations of an audit, Ihere is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance 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 statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further descriptiofj of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at.. www.frc.o .uklauditorsre5 onsibilities. This description forms part of our auditors, ieport. 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 mighl state to the charitable company's members those matters we are required to stale to them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accepl 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 FCA (Senior Statutory Auditor} for and on behalf of Bates Weston Audit Ltd statutory Auditors Chartered Accountants The Mills Canal Street Derby DE1 2RJ Date.. Page 9
CITIZENS ADVICE MID MERCIA IA company Ilmlted by guayantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 MARCH 2024 As restated Total funds 2023 Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Note Income from: Donations and legacies Charitable activities Other trading activities Investments 938 938 3,176,874 1,452 2,319,179 460 3,176,874 9,828 9,828 1,502 2,800 3,481 Other income 1,502 Total income 10,766 3,178.376 3,189,142 2,327.372 Expenditure on-. Charitable activities 45.567 2.979.891 3.025.458 2.241.964 Total expenditure 45,567 2,979,891 3,025,458 2,241,964 Net movement in funds (34.801 } 198,485 163.684 85,408 Reconciliation of funds: Total funds brought foward Net movement in funds 769,063 (34,801) 165.192 198,485 934,255 163.684 848, 847 85,408 Total funds carried forward 734,262 363,677 1,097,939 934, 255 The Statement of financial activities includes all gains and losses recognised in the year. The notes on pages 13 to 30 form part of these financial statements. Page 10
CITIZENS ADVICE MID MERCIA (A company limited by guarantee) REGISTERED NUMBER: 05311627 BALANCE SHEET AS AT 31 MARCH 2024 As restaled 2023 2024 Note Fixed assets Tangible assets 12 215,959 221,526 215,959 221.526 Current assets Debtors 13 306.754 170,000 821,634 243, 806 Investments Cash at bank and in hand 14 778,597 1.298.388 1,022,403 Creditors.. amounts falling due within one year 15 {416,4081 (309. 674) Net current assets 881,980 712. 729 Total assets less current liabilities 1.097,939 934,255 Total net assets 1,097,939 934.255 Charity funds Restricted funds 16 16 363.677 734,262 165, 192 769.063 Unrestricted funds Total funds 1.097.939 934,255 The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to entities subjecl to the small companies regime. The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. J Lloyd (Chair of Trustees) Date.. Page 11
CITIZENS ADVICE MID MERCIA (A company limited by guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 As r6Stated 2023 2024 Cash flows from operating activities Net cash used in operating activities 203,209 174,443 Cash flows from investing actlvities Dividends, interests and rents from investments Purchase of tangible fixed assets 9,828 (29,579) Net cash provided byl(used in) investing activities 9.828 (29,5791 Cash flows from financing activities Net cash provided by financing activities Change in cash and Cash equivalents in the year 213,037 144,864 Cash and cash equivalents al the beginning of the year 778,597 633, 733 Cash and cash equivalents at the end of the year 991,634 778,597 The notes on pages 13 to 30 form part of these financial statements Page 12
CITIZENS ADVICE MID MERCIA (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies 1.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with the Charities SORP {FRS 102) Accounting and Reporting by Charities.. Stalemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} 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 otheise slated 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 respect of the guarantee is limited to £1 per member of the charity. 1.3 Income All income is recognised once Ihe charity has entitlement to the income, 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 grant have been mot, it is probable thal the income will be received and the amount can be measured reliably and is not deferred. Evidence of entitlement will usually exist when Ihe formal offer of funding is communicated in writing to the charity. However some grants will contain terrns or conditions that must be met before the charity has entitlement to the resources. Income received in advance for the provision of specified services IS deferred until the criteria for income recognition are met. Income tax recoverable in relation to investment income is recognised at the time the inveslmenl income is receivable. other income is recognised in the period in which it is reGeivable and to the extent the goods have been Pfovided or on completion of the service. 1.4 Resources expended Expenditure is recognised once there is a legal or conslructive obligation to transfer economic benefit to a 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 reliably. Expenditure is classified by activity. The cosls of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more Ihan one aclivity and support Costs which are nol attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocaled on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. The primary funclional activity of the charity is the giving of free and confidential advice to the public. Page 13
CITIZENS ADVICE MID MERCIA (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies {continued) 1.4 Resources expended l¢ontinuedl Support costs include all those overhead costs of office and bureau accommodation, utility services, and other services 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. 1.5 Tangible fixed assets Tangible fixed assets Costing £1,500 or more are capitalised and recognised when future economic benefits are probable and the cost or value ot the asset can be measured reliably. This represents a change to the previous accounting policy under which tangible fixed assets costing £500 or more were capitalised. Retrospective application of the revised policy to comparative periods to 31 March 2023 results in an aggregate reduction of £73,281 in tangible fixed assets and total funds at that date. Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Dopreciation is charged so as to allocate the cosl 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,/0 on cost 20 ID on cost 20 /0 on cost 1.6 Operating leases Rentals under operaling 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 amounl. Prepayments are valued at the amount prepaid. 1.8 Cash at bank and in hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the dale of acquisition or opening of the deposit or similar account. Page 14
CITIZENS ADVICE MID MERCIA (A company limited by guaranlee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting pollcles (contlnuedl 1.9 Liabilities and provisions Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement. and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipate5 It will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to seltle the obligation. Where the effect of the time value of money is material. the provision is based on the present value of Ihose amounts, discounted at the pre-tax discount rate thal reflects the risks specific to the liability. The uawinding of the discount is recognised within interest payable and similar charges. 1.10 Financial instrurnents The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their seltlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 1.11 Taxation The charity is exefflpt from corporation tax on its charitable activities under section 505 of the Income and Corporation Taxes Aci 1988. No provision for taxation has therefore been made in these accounts. 1.12 Pensions The charily operates a defined contribution pension scheme and Ihe pension charge represents the amounts payable by the charity to the fund in respect of the year. 1.13 Fund aG¢ounting General funds are unrestricted funds which ale available for use at the discretion of the Trustees in furtheranGe of the general objectives of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been sel aside by the Trustees for particular purposes. The aim and use of each designated ftjnd is set out in the notes lo the financial slatements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The Gosls 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 to the financial statements. Page15
CITIZENS ADVICE MID MERCIA (A Company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Income from donations and legacies Unrestricted funds 2024 Total funds 2024 Total funds 2023 Donations and gifts 938 938 1,452 Income from charitable activities Restricted funds 2024 Total funds 2024 Total funds 2023 Gateway Community Development Family Support Oijtreach 1,038,035 1.015.741 245.786 226.283 651.029 1.038.035 1.015.741 245,786 226,283 651.029 756,404 629. 150 250.284 107,725 575,616 Debt & Financial Awareness 3,176,874 3,176,874 2,31g,779 Funding from Government organisations can be analysed as follows.. 2024 2023 South Derbyshire District Council Bureau Funding Disabled facilities grant Capital Grant Funding 63.463 62,228 16,833 15,740 79,203 79,061 Derby City Council Advocacy Service Carers 177,216 245,786 177,276 250,284 423,002 427,500 Page16
CITIZENS ADVICE MID MERCIA (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Derbyshire County Council Employment Advice NHS Outreach Autism Information and Advice Food bank services Wellbeing and community wellness 10,400 127,715 97,842 12.600 55,586 10,400 111,273 87,614 4, 200 48,236 304,143 261, 723 Other governmental organisations Tamworth Borough Council - Outreach Winshill Parish Council 178,928 5,500 87,000 5,500 26,926 12,473 Home Office EU Resettlement Bolsover District Council East Staffs Borough Council COLA Nottingham County Council - Autism Services 29,940 12,250 98,980 98,980 325,598 230.879 1,131,946 999, 163 Income from other trading activities Income from fundraising events Unrestricted funds 2024 Total funds 2024 Total funds 2023 Admin support 460 Page 17
CITIZENS ADVICE MID MERCIA (A company Ilmited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Investment income Unrestricted funds 2024 Total funds 2024 Total funds 2023 Bank inlerest 9,828 9,828 2,800 Other incoming resources Restricted funds 2024 Total funds 2024 Total funds 2023 Non-trade income 1,502 1.502 3,481 Analysis of expenditure on charitable activities Summary by fund type Unrestricted funds 2024 Restricted funds 2024 As resÈaled Total 2023 Total 2024 Gateway Community Development Family Support Outreach Debt & Financial Awareness 15.181 14.485 3,781 2,991 9,129 995,029 966.936 236.956 203,744 577,226 1,010,210 981,421 240,737 206,735 586,355 647, 762 696,000 2T8,175 90,089 529,938 45.567 2,979.891 3,025,458 2,247.964 Tolal 2023 as restated 83,650 2,158,314 2,241,964 Page 18
CITIZENS ADVICE MID MERCIA {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analysis of expenditure by activities Acttvities undertaken directly 2024 As restated Tolal funds 2023 Support costs 2024 Total funds 2024 Gateway Community Development Family Support Outreach 752.966 785,483 174,278 166,835 482,699 257,244 195,938 66.459 39,900 103,656 1,010,210 981,421 240,737 206,735 586,355 647, 762 696,000 278, 175 90,089 529.938 Debt & Financial Awareness 2,362,261 663.197 3,025,458 2,241,964 Total 2023 as restaled 7,686, 786 555, 178 2,241,964 Analysis of support costs Community Develop- ment Family Support 2024 Gateway 2024 Outreach 2024 2024 Staff costs Depreciation Prior year adjustment Staff & volunteer costs Office costs Premises costs Governance other costs 121,392 1,825 96,332 1,509 32,434 598 19.344 258 8,664 61.604 32.530 16.686 14,543 6,576 44,364 24.012 12.926 10,219 2,165 15,267 8,087 4,242 3,666 1,284 9,273 4,978 2,554 2,209 257,244 195,938 66,459 39,900 Tolal 2023 as restated 174,097 164,195 67.627 26,235 Page 19
CITIZENS ADVICE MID MERCIA (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analysis of expenditure by activities (continued) Analysis of support costs (continued) Debt & Financlal Awareness 2024 As restated Total funds 2023 Total funds 2024 Staff costs Depreciation Prior year adjustment Staff & volunteer costs Office costs Premises costs Governance 51,426 1,377 320,928 5,567 247,217 16,944 73,281 14,929 99,288 50.307 29.869 23,343 3,299 22.606 12,700 6.625 5,623 21,988 153.114 82.307 43.033 36,260 Other costs 103.656 663.197 555. 178 Total 2023 as restated 123.024 555, 778 Auditors. remuneration 2024 2023 Fees payable to the charity's auditor for the audit of the charily's annual accounts 6,500 6.200 10. Staff costs 2024 2023 Wages and salaries Social security costs Contribution to defined contribution pension schemes 1,953,966 160,612 132.168 1, 550.332 727.777 707,033 2,246,746 1, 778,536 Page 20
CITIZENS ADVICE MID MERCIA (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 10. Staff costs (continued) The average number of persons employed by the charity during the year was as follows.. 2024 2023 Charitable purposes Support and govemance 78 61 12 87 73 No employee received remuneration amounting to more than L60.000 in either year. The senior management team as listed on page 1 are considered to be the key management personnel; the aggregate remuneration and benefits received was £117,109 {2023.' £102,204). Trustees. remuneration and expenses During the year. no Trustees received any remuneration or other benefits (2023- £NIL). During the year ended 31 March 2024. expenses totalling £3.629 were reimbursed or paid directly to 2 Trustees (2023 - £7371 Page 21
CITIZENS ADVICE MID MERCIA {A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 12. Tangible fixed assets Freehold Fixtures and property fittings Computer equipment Total Cost At 1 April 2023 las previously stated) Prior Year Adjustment 278,319 53,428 (53.4281 120,326 {120,3261 452,073 (173,7541 At 1 April 2023 (as restated) 278,319 278,319 At 31 March 2024 278,319 278,319 Depreciation Al 1 April 2023 (as previously stated) Prior Year Adjustment 56,793 40,767 140,767) 59,706 (59,706) 157.266 (100.473) At 1 April 2023 las restated) Charge for the year 56.793 5,567 56.793 5.567 At 31 March 2024 62,360 62,360 Net book value At 31 March 2024 215,959 215,959 At 31 March 2023 (as restated) 221.526 221,526 13. Debtors 2024 2023 Due withln one year Trade debtors Other debtors Prepayments and accrued income 153,423 7,579 145,752 190,932 330 52, 544 306,754 243, 806 Page 22
CITIZENS ADVICE MID MERCIA (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 14. Current asset investments 2024 2023 Short term investments 170,000 15. Creditors: Amounts falling due within one year 2024 2023 Trade creditors Other taxation and social security Other creditors Accruals and deferred income 80,788 45,992 26, 772 43,280 274 289,628 239,348 416.408 309.674 2024 2023 Deferred Income Deferred income at 1 April 2023 Resources deferred during the year Amounts released from previous periods 197.877 225,785 (197,877} 41,259 197,877 (41,259) 225.785 197.877 Deferred income relates to grant income received where funders had specified conditions on the spend period. Page 23
CITIZENS ADVICE MID MERCIA (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 16. Statement of funds Statement of funds - current year Balance at 31 March 2024 Balance at 1 April 2023 Transfers inlout Income Expenditure Unrestricted funds Designated funds Fixed asset fund 237.616 (5,567) (16.090) 215,959 Dilapidation & emergency asset repair fund Staff redundancy & closure contingency fund Development fund 16,000 16.000 77.000 80,000 53.000 130,000 40.000 (40.000) 410.616 (45,5671 36,910 401,959 General funds General funds 358,447 10,766 {36.910} 332.303 Total Unrestricted funds 769,063 10.766 {45.567} 734,262 Restricted funds Gateway Community development Family support Outreach 114,580 1.038,035 (19.866) 1.017.243 (5,143) 245.786 21,889 226,283 53,732 651,029 1995,029) (966,936) (236.956) (203.744) (577,226) 157,586 30,441 3,687 44.428 127.535 Debt and financial services 165,192 3,178,376 12,979,891) 363,677 Total of funds 934,255 3,189,142 13,025,458) 1,097,939 Page 24
CITIZENS ADVICE MID MERCIA {A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 16. Statoment of funds (continued) statement of funds - prior yoar As restated Balance at 31 March 2023 Balance al 1 April 2022 Transfers in/out Income Expenditure Unrestricted funds Designated funds Fixed asset fund 247,985 (10.369) 237,676 Dilapidation & emergency asset repair fund Staff redundancy & closure contingency fund Development fund 16,000 16,000 77.000 77,000 80.000 80.000 340,985 (10,369) 80,000 410,616 General funds General funds 371,716 8,193 (21,462) 358,447 Total Unrestricted funds 712,701 8,193 (10,369) 58,538 769,063 Restricted funds Gateway Community developmenl Family support Outreach Debt and financial services 33,289 23,473 21,633 41,588 16,163 756,404 629. 150 250.284 707, 125 575,616 (644.364) (693. 187) (277, 060) (89, 611) (527,373) (30, 749) 20,698 7 14,580 (19,866) (5. 143) 21.889 53, T32 (37.873) (10,674) 136, 146 2,319,179 (2,231,595) (58,538) 165,192 Total of funds 848,847 2,327,372 (2,241,964) 934, 255 Page 25
CITIZENS ADVICE MID MERCIA (A company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 17. Fund Descriptions and Transfers Designated funds Designated funds are allocated out of unrestricled funds by the trustees for specific purposes. The use of such funds is at the trustees, discretion. Fixed asset fund The Charities SORP specifically allows funds held as tangible fixed assets for charity use to be excluded from reserves. This recognises that certain assets will be used operationally and their disposal may adversely ifflpact on a charity's ability to deliver its aims. Clearly all the fixed assets of the charity are essential to 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 balance sheet and is excluded from the free reserve (General fund) calculation. Buildin dila idation & emer enc asset re air fund Routine maintenance of the building is covered in the annual budget. However, due to the age of the property - it was built 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 contin enc fund Were the charity have lo close it would incur a number of winding up costs. Although the trustees expect the charity to continue its activities for a very long time they nevertheless believe that it is their duty lo be prudent and to protect the charity's reputation by ensuring it is able to meet its 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 to operate with a much lower level of activity with significantly fewer staff. The amount of this fund will be reviewed annually to take into account any changes in circumstances. legislation and staff. Develo ment fund Provision of an organisational priority to recrL¢it. train and deploy volunteer generalist advisers to support the community that we serve. Restricted funds Gatewa Our Gateway Assessment Service aims to improve access to the best, consistent & practical information, support & advice and where applicable lo determine the most appropriate next stepls) that needs to be takeTr by our clients and to enable them in taking that next stepls). Our team's primary purpose is to ensure that those with lesser needls) can be dealt with quickly and efficiently and those with greater needls) can use this as a Galeway to 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 (HMRC Digital Inclusion & Digital Health Information and Google Digital Garage); Melropolilan Housing (Energy Training), Trussell Trust (Food Bank Services) & Aperture (Debt client referrals). Communit Develo ment The Community Development Project is a number of funds all aiming to build a stronger and more resilient local cofflmunity by promoting the knowledge, skills & tools needed so the disadvantaged can have access & lake part in the issues that affect their lives. D2N2.' pari of the Building Better Opportunities Programme, supported by the Big Lottery & the European Social Fund {E.S.Fl. An experienced Personal Navigalor provides individual support. an assessment of Page 26
CITIZENS ADVICE MID MERCIA (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 financial well-being and a Personal Finance Resilience Plan and by providing support with current financial circumstances, including debt, benefits, banking and any other aspects, financial capability supportltraining 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 Programme) and incorporating The Living with A Long Term Condition (LWLTC) programme. LWLTC is a free 6-week course that can help a person to take more Gontrol of their health by learning new skills and strategies to 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 to 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 to the holistic support of unpaid care15 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 setvices 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 at a tiffle that is most convenienl for them_ GP Advisory Service- a project funded by 'Deibyshire County Council Public Health, and designed lo help address health inequalities by tackling poverty-related determinants of health. Clients using this service have advice needs related to illness or disability (such as welfare benefit enquiries or debt problems}. Eu-resettlement service.. practical support to VLslnerable EU, EEA and Swiss citizens (and their non EU family members) Ihrough information-giving, advice and provision of technology and assistance to help them make a scheme application. Trussell Trust= Citizens Advice, in partnership with The Trussell Trust, provides a freephone helpline for people who cannot afford food and help them obtain an e-voucher for a local food parcel. It 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 conslstent debt management. Transfers between funds The transfer between the fixed asset fund and the general fund aligns the carrw'ng value with the calculation outlined above. The transfer belween the general fund and the staff redundancy & closure conlingency fund is made to reflect the potential costs based upon circutnstances, legislation and staff. Page 27
CITIZENS ADVICE MID MERCIA (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 18. Summary of funds Summary of funds - current year Balance at 31 March 2024 Balance at 1 April 2023 Transfers inlout Income Expenditure Designated funds General funds Restricted funds 410,616 358.447 165,192 (45,567) 36,910 (36,910) 401,959 332,303 363.677 10,766 3,178,376 12.979,8911 934.255 3,189,142 13,025,458) 1,097,939 Summary offunds - prior year As restated Balance at 31 March 2023 Balance al l April 2022 Transfers in/out Income Expenditure Designated funds General funds 340,985 371, T16 136.146 (10,369) 80, 000 (21,462) (58, 538) 470,616 358.447 165. 192 8, 193 2.379.179 Restricted funds (2.231.595) 848,847 2,327,372 (2,241.964) 934,255 19. Analysis of net assets between funds Analysis of net assets between funds - current period Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Tangible tixed assets Current assets Creditors due within one year 215.959 708.926 {190.6231 215,959 1,298.388 (416,408) 589,462 1225,785) Total 734,262 363.677 1,097,939 Page 28
CITIZENS ADVICE MID MERCIA {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 19. Analysis of net assets between funds {continued) Analysis of net assets between funds - prior period Unrestricled funds 2023 Reslricted As restated funds Total funds 2023 2023 Tangible fixed assets Current assets Creditors due within one year 221,526 659,334 (111, 797) 227.526 1,022,403 (309, 674) 363,069 (197,877) Total 769,063 765.792 934.255 20. Reconciliation of net movement in funds to net cash flow from operating activities As res(ated 2023 2024 Net income for the period (as per Statement of Financial Activities} 163.684 85,408 Adjustments for: Depreciation charges Dividends, interests and rents from investments Ilncreaseydecrease in debtors Increasel{decrease) in creditors Prior year adjustment- fixed assels 5.567 (9,828) (62,948) 106,734 19.205 (113,944) 110,493 73.281 Net cash provided by operating activities 203,209 174.443 21. Analysis of cash and cash equivalents 2024 2023 Cash in hand Short term investments 821,634 170,000 778,59T Total cash and cash equivalents 991,634 778,597 Page 29
CITIZENS ADVICE MID MERCIA (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 22. Analysis of changes in net debt At 1 April 2023 Cash flows At 31 March 2024 Cash at bank and in hand Liquid investments 778,597 43,037 170,000 821.634 170.000 778.597 213.037 991,634 23. Related party transactions Owing to the composition of the Trustees Board being drawn from local Council's, expected transactions such as business rates are not as a result of their appointments. All transactions involving such organisations are conducted at arm's length. 24. Operating lease commitments At 31 March 2024 the charity had commitments to make future minimum lease payments under non- cancellable operating leases as follows-. 2024 2023 Not 5ater than 1 year Later than 1 year and not later than 5 years 11,872 23, 744 11,872 11,872 35,616 Page 30