ST HELENS DISTRICT CITIZENS ADVICE BUREAU Charity number 1110382 A Company limited by guarantee number 05318197 Annual Report and Unaudited Financial Statements for the year ended 31 March 2021 ST HELENS DISTRICT CITIZENS ADVICE BUREAU LEGAL AND ADMINISTRATIVE INFORMATION Trustees Posltlon Chair VI￿ Chair Dates Mrs S Lynch Mr K Flanagan Mr KAnderson Mrs S Hayes Mrs E Gibson rs S Patterson ThArs A Wiswell MBE Mr B Newton Treawrer Company Secretary Mr K Anderson Chlef Officer Mr K Pearce Charlty Number 1110382 Company Number 05318197 Prlnclpal address Millennium Centre Corpomtion Street Sl Helens Merseyside WA10 1HJ Bankers Lloyds Bank PLC Hardshaw Street St Helens WA10 1QZ Independent Examiner Peter Taaffe FCA CTA DChA BWM Chartered Accounlanls Castle Chambers 43 Castle Street Liverpool Merseyside L2 9SH Sollcltors Haygarth Jones Alexander House 109-111 Corporation Sl Helens Merseyside WA10 1SX ST HELENS DISTRICT CITIZENS ADVICE BUREAU Contents Page Report of the Board of Trustees 2107 Independenl Examiners Report Statement of financial activities 9t010 Balan￿ sheet 11 Statement of cash flows 12 Notes lo the financial statements 13to23 ST HELENS DISTRICT CITIZENS ADVICE BUREAU Report of the Board of Trustees Trustees and Directors The persons who have acted as Iruslees and directors during the period 1 April 2020- 31 Mar¢h 2021 are.. Mr K Flanagan Mr KAnderson Mrs S Hayes Mrs E Gibson Mrs S Lynch Mr S Patterson Mrs A Wiswell MBE Mr B Newton In accordance with the Articles of Association, at the Annual General Meeting, all Irustees shall retire from Offi￿ but shall be eligible for re-election. Structure, governance and management The company is govèrned by its Memorandum and Articles of Association that are regular￿ reviewed and revised. The charity, known as St Helens Citizens Advice Bureau, is a charit8tAe company limited by guarantee and not having share capital. The company is registerecl in England and Wales. tompany number 5318197. The principal governing document is the company memorandum and articles of association., the company took ovèr the assets of Sl Helens Dislrsct Citizens Advice Bureau from 1 October 2005. The Charity is registered with the Charity Commissioners, charity number 1110382_ Appointment and induction of trustees All current trustees will strive to identify good candidates for Irusleeship and appoint new trustees on merit. All trustees participate in relèvant induction, training and development aclivilies. Members of the board of Iruslees, who are the directors for the purpose of company law and trustees for the purpose of charity law who served during the year are set out above. The trustees meet 3 monthly and receive reports from management to manage their charty's affairs. None of the Iruslees has any beneficial interest in the company. Al the Iruslees are members ol the company and guar8nlee to contribute £1 in the event of winding up. Trustee Induction and trainlng At present, new Iruslees are inducted into the organisalion in the followirYJ way.. Potential new trustees are invited lo allend an initial discussion with Ihe Chair and Chief Officer, prior to applying to join the Board. Invitation to attend the Annual General Meeting, where new members will be elected. This is also an opportunity to meet other Board members. Completion. with the Chair. of the Trustee Induclion Pack, which the board member then keeps as a manual. Introduction lo the staff team and tour of the offices in St Helens. Attendance at an annual Board away day. This prO￿$S is regularly under review. ST HELENS DISTRICT CITIZENS ADVICE BUREAU Report of the Board of Trustees Third party indemnity Insurance At presen( third party indemnity Insuran￿ is not provided for Board mernbers in their dual capacity as company directors and charity trustees but the situation is kept under review. Organisation The Board of Trustees is responsible for the administration of the charity. The day-to-day running of the organisation is delegated to the Chief Officer. The full board meets quarterly as does the Finance sub4committee. All sub-(x)mmittees have Terms of Reference. which set out the operating framework for the those committees. Risk Management The Irlfslees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in plats to mitigate exposure lo the major risks. A safety, health and environment audit of the premises has been completed and a risk register compiled. This is updated yearly and an action plan produced. Obje¢tives and Activities The Citizens Advice Service provides free, independent, confidentEI and impartial advice to everyone on their rights and responsibilities. It values diversity, promotes equality and challenges discrimination. The SeTvi¢e aims.. To provide the advice people need for the problems they fa To improve the policies and practices that affect people's lives The trustee's have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity shoukl undertake. Achlevemgnts and pèrformance and demonstration of publlc beneflt In preparing this report the Iruslees have had regard lo the charity commission's guidan￿ on PL¢blic benefit. Al Citizens Advice St Helens, nothing ever stands still. None more so than in 20201211 Over the ¢ourse of the Covid-19 crisis we have been working to continue to advocate on behalf of our dients. We have shifted the areas that we are working on to make sure we are focusing on what will have the biggest bènefit to our clients. The current economic climate means that life for everyone is challenging. and our clienis, needs ar8 increasingly complicated,. costs continue to rise while the funding ènvironment is ever more compelilive. What is constant however. is the enthusiasm and dedication of our staff and volunteers and I want lo thank every one of them for their time and energy evident each day, often in hectic and pressurized circumstances. ST HELENS DISTRICT CITIZENS ADVICE BUREAU Report of the Board of Trustees Strategic Prlorltles 202012021 During the period covered by Ihis report, we decided lo look to deliver against the following six strategic prioritles= 1. Change". manage change tr) maintsin a ¢uliure of continuous imyovement and devebpment taking account of and building on new ways of working and lessons learned during the pandemic 2. Resources: achieve long-term sustainability through best use of financial and other reSoUr￿S 3. Impact: tell people who we are, what we do and what we do well 4. Services: expand and develop new adaptable models of service delvory that empower clients and promote self-sufficiency, including working in partnership with other organisalions and the Local Authority 5. People.. Ensure we have enough trained and flexible people in our tesrn. As we make the re-transition lo fa¢e-lo-face advice, we need lo ensure that staff have the Confiden￿ to return lo the office safely, and they are confident and trained in delivering services digitally 6. Policy.. pro-activety idenlrfy trends, and use the eviden￿ of our clients to inlluen¢e policy and prevent Injustice Benefits Our work on benefits is ensuring that everyone has access lo adequate and flexible support through the benefits system and those bènefits provide security and the opporiunty lo build financial resilience. Coronavirus has resulted in a sudden income shock foi many groups. but those who were already struggling will be imp8cled most. Our aim is lo ensure that they have enough lo make ends meet. Household Bill$ Our eviden￿ shows households are feeling the financial impact of the crisis, with many already falling behind on bills and accruing unmanageable debt. Current protections on enforcement have now ended. leaving millions facing harmful consequences sucl as evictions and bailiff 2clion. The government, businesses and regulators must protect households from the worst effects of debt during Covid-19. Employment Our work on employment focused on the impact of Covid-19 on the teople who are 'clinically extremèly vulnerable. and advised by the Government to shield at home. The Coronawrus outbreak has drarnalically changed many people's lives. Already, many people have s8en their hours cul, been laid off. rloughed, or made redund8nl, meaning that many people have struggled to make ends meet during this time. It is clear the impact of the crisis is not short-term. As the lockdown eases, we are already seeing more people face economic insecurity. As an organisalion, we have had lo change and develop service provision lo meet demand in an ever- changing environment. There have been considerable changes to channel inputs and issue types. As well as our traditional advice-giving channels, our setvices continue lo develop in line with technological advances lo ensure we are avai18ble to all. Email advice has increased by over 1000/0 and demand for telephone advice by almost 100 /0. ST HELENS DISTRICT CITIZENS ADVICE BUREAU Report of the Board of Trustees How we supported the communlties affected by the Coronavirus crlsls We recognise that the main channel of advice for our clients previous￿ was face-lo-face contsct. GNen the pandemic, this had lo cease. Then, we had to mobilise our staff to work from home and they.. Delniered advi￿ SeNi￿S by telephone, email, webchat. and WhatsApp Telephoning our +70-year-old clients and checking in on their wellbeing Issuing electronic food vouchers Made applications to trusts and charities for white goods, and other household and essential equipment Introduced and fasl-track servke for referring partners Looking ahead, we must focus on the importanee of utilising new lechnolDgy. We have already commenced using Attend Anywhere. which is a video conferencing Flalform. We are ulilising software that has been developed by Attend Anywhere and chose this platform as il is safe, secure, and simple lo use. Video calling is as convenient as a phone call, wth the added value of faee-to-face communication. Instead of Iravelling lo our office, clients enter our online Wa￿ting area. The advice service is notified when clients arrive, and an adviser joins when reaty. We also joined the National Citizens Advice Advi¢eline Single Queue from April 2021. An importanl element ol our work is to meet the needs of clients who have ment81 health issue8," indeed, the psychological impact of economic pressure is one aspect we arè exploring further as part of our campaigns and ￿searCh analysis, and this will remain a focus going fward. It is impossible lo place a value on the work of our staff and volunl*rs. and I thank them all for their dedication and energy. Each member of the team helps lo keep the show on the road from technological support. advi￿ gniing, admin, research, training, management, and Iruslees. The role of our advisers is crucial. and we continue to plaTr an emphasis on a rdling training programme to ensuro continuity of service right across St Helens. Income and Expendlture The Slalemenl of Financial Activities provides a summary of our incotn8 and expenditure over 2020-21 and shows the previous yeals comparative data. We have continued to see a small increase in the staffing Gomplemenl for the period but, unlike last year. we have seen a deorease in the salary expenditure, in part due lo changes in roles. Annual income increased from £673k to £747k. This is mainly due Its additional funding related lo the COVID response across the borough. Charitable expenditure onty increased slighty so remained slalic al £776k. Balance Sheet The balance sheet presents a healthy picture with reasonable bank balances. The balance of cash al bank increased this year to £510,441. Nel cuirent assets have decreased to £482,27212020'. £511,176). As a charity retying on funding il is important lo mainlaln a reasonable lev81 of reseNes lo meet any unforeseen expenditure, total unrestricted reserves have decreased and is in line with our budget and business plan. Flnanclal Outlook The financial statements continue lo highlight funding as our major challenge. The year has seen the end of some long-standing funding but has also highlighted the financial importance of new development areas. ST HELENS DISTRICT CITIZENS ADVICE BUREAU Report of the Board of Trustees Financial revlew The results for the year and the tharity's financial position at the end of tho year are shown in the attached financial statements. Reserves Pollcy The Board of Sl Helens District Citizens Advice Bureau has considered its responsibilities regarding the idenlifi¢ation and maintenance of adequate levels of reserves. The Board continues to aim to achieve a balanced budget that wlll increase our current level of un¥eslri¢led resetves. This will provide a safety net that will allow us to maintain basic services through this period when funding opportunities are more limitsd. We WTII however, continue to adjust activities and costs in line with the new financial climate in line w'rth our budget and business plan. 11 is policy of the charity that unrestricted funds should be mainlalned at a level equivalent to six months running costs. At 31 st March 2021 this would equate to £341,500. The trustees consider that reserves at this level will ensure that. in the event of a significant drop in funding, they Mrill be able lo continue the charity's current activities while consideration is given lo ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. Designated fvnds have been kept as reserve in a contingency fund to cover the managed Cessation of seryices should this eve¥ become necessary. The fund will cover redundancy costs elc. and may be increased whenever il is considered necessary. Reserves are £482,272 at 31 March 2021 of which £360,000 is designated funds which have been set aside as a reserve lo cover the managed cessation of services, should this ever become necessary. Developments since the year end and plans for future periods Maintaining adequate levels of funding to continue to operate 2nd grow wll be a key challenge and our area of focus for the Coming year. Alongside this a renewed focus on our dients and ensuring we are in regular contact with all to offer suppo¢ information and to hear their views. ST HELENS DISTRICT CITIZENS ADVICE BUREAU statement of Trustees. Responsibilitles For the year ended 31st March 2020 The trustees, who are also the direGlors of St Helens Dislri¢l Citizens Advi￿ Bureau for the purpose of company law, are responsible for preparing the Trustees. Report and the accounts in a¢cordanTr with applicable law and United Kingdom Awounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Iruslees lo prepare accounts for each financial year which givo a true and fair Vlew of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable cornpany for that year. In preparing these accounts, the trustees are required lo.. select suitable accounting policies and appty them consistently., observe the methods and prinaples in the Charities SORP. make judgements and estimates that are reasonable and prudent- stale whether applicable UK Accounting Standards have been followed, subject lo any material departures discbsed and explained in the accounts.. and prepare the accounts on a going cOn￿M basis unless it is inappropriate lo p￿sume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records which disclose with reasonable awuracy al any time the financial position of the charity lo enable them to ensure that the accounts comply with the Companies Act 20(￿. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report has been prepared in accordance with the special provision rekling lo small companies within part 15 of the Companies Act 2008. The Trustees. report was approved by the Board of Trustees on 15th Octobei 2021 Mrs S Lynch Chair ST HELENS DISTRICT CITIZENS ADVICE BUREAU Independent Examiner's Report to the members of ST HELENS DISTRICT CITIZENS ADVICE BUREAU for the year ended 31 March 2021 I report lo the trustees on my examination of the accounts of St Helen8 Dislricl Citizens Advice Bureau for the year ended 31 Mareh 2021. This report is made solely lo the charity's trustees. as a body, in aCcOrda￿e wlh Section 145 of the Charbties Act 2011. My exatninalion has been undert8ken so that I might slate lo the charity's Iruslees those mallers I am required to state to them in an Independent Examiner's report and lor no other purpose. To the fullest exlenl pemiilled by law, I do not accept or assume responsibility to anyone other than the charity and the ¢haril*s trustees as a body, for my examination. for this report, or for the opinions I have formed. Responsibilities and basis of report As the charitls trustees of Sl Helens District Citizens Advice Bureau land also directors for the purpy)ses of company law} you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20￿ {'Ihe 2006 A¢t'i. Having satisfied myself that the accounts of the charity are not required to be audit￿1 under Part 1 S of the 2006 Act and are eligible for independent examination. I report in resped ol my examination of your charity's accounts as Carried out under se¢lion 145 of the Charities Ad 2011 1'IFe 2D11 Acl'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145151 Ibl of the 2011 Ad. Independent examlnor's stat&ment sin￿ the charills gross income exceeded £250,(K)O your examiner must bè a mernber of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake Ihe exarminalion because l am a member of the Inslilule of Chartered Ac¢ounlanls in England and Wales, which is one of the listed bodies. I have completed my examination. I can confirm that no mallers havo conE lo my attention in connection with the examination giving me cause lo believe.. accounting records were not kept in respect of the charity as requlred by secli)n 386 of the 2006 Act,. or the accounts do not accord with those records., or the accounts do not comply with the accounting requirements of $￿tion 396 of the 2006 Acl othèr than any requirement that the accounts give a 'lrue and fair view. which is not a matter Considered as part of an independent examination," or the accounts have not been prepared in accordance with the meth￿8 and principles of the Statement of Recommended Practice for a¢¢ounling and reporting by charities applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable n the UK and Republic of Ireland (FRS 1021. I have no concerns and have come across no other matters in connection with the examination to which allenlion should be drawn in this report in order lo enable a proper urderstanding of the accounts lo be reached, Peter Taaffe FCA CTA DChA BWM Chartered Accountants Castle Chambers 43 Castle Street Liverpool L2 9SH 7 11,1021 ST HELENS DISTRICT CITIZENS ADVICE BUREAU statement of Flnanclal Activities for the year ended 31 March 2021 Notes 2021 Total Funds 2020 Total Funds Unrestricted Restricted Funds Funds Income from: Donations and legacles Charitable activities Investments Total 121 21,550 674,262 2,008 697.820 21,550 723,348 2,008 746,906 25,716 644,839 2,318 672,873 49.086 49,086 Expenditure on- Charitable activities 151 T26,7221 149,088) 1775,8101 {775,0481 N8t (8xpenditurel I Income 128.9021 {21 128,9041 {102,1751 Transfers between funds Net movement In funds 21 128,9041 128.9041 {102,1751 Fund balance$ at 1 April 2020 511,176 511,176 613.351 Fund balances at 31 March 2021 482,272 482,272 511,176 The statement of financial actDiilies includes all gains and losses recognIs￿ in the year. All income and expenditure derive from continuing activities. The statement of financial actwilies also complies with the requirements for8n income and expenditure account under the Companies Act 2006. ST HELENS DISTRICT CITIZENS ADVICE BUREAU Comparative Statement of Financlal Activities for the year ended 31 March 2021 Notes 2020 Total Funds Unrestricted Funds Restricted Funds Income from: Donations and legacies Charitable activities Investments Total pi (31 141 25,716 564,714 2,318 592,748 25.716 644,839 2,318 672,873 80,125 80,125 Expenditure on: Charitable activib'es 151 1685,0681 189,980) 1775,0481 Net {expenditure) l in¢ome 192,3201 19,855) {102,175} Transfgrs between funds Net movement in funds 11581 19,855 1102,175) 9.855 1102,1751 Fund balances at 1 April 2019 613.351 613,351 Fund balances at 31 March 2020 511,176 511,176 The slalement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing aclivilies. The statement of financial activities also complies wilh the requirements for an income and expenditure account under the Companies Act 2006. 10 ST HELENS DISTRICT CITIZENS ADVICE BUREAU Balance sheet as at 31 March 2021 Notes 2021 2020 Fixed Assets Tangible Fixed Assets Total Ilxed assets iioi Current Assets Debtors and prepayments Cash al bank and in hand Total current assets li¥ 33,044 510,441 543,485 38.358 491,919 530,277 Current liabilitles: amounts falling due within one year Creditors and accruals Total current liabilities 113) 61,213 61,213 19,101 19,101 Net current assets I Iliabilities} 482,272 511.176 Total assets less current Ilabilities 482,272 511,176 Funds Restricted Funds Designatèd Funds Unreslricled funds 360,000 122.272 482,272 360,000 151,176 511,176 The trustees (who are also the directors ol fy>mpany for th8 purp0$8s ol company lawl confirm that lorthe year ended 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006, and the members have not required the company lo obtain an audit of its accounts for the year in question in accordance with section 476 of the Act The trustees acknowledge their responsiblilies for en5UTing that the Charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the slate of affairs of the company as at the end of financial year and of ils incoming resources and application of resources, including ils income and expenditure, the the financial year in accordan with the requirements of sections 394 and 395 and which otherwise comply with the requirements ol the Companies Act 2006 relating lo financial slalements, so far as applicable lo the company. The notes on pag8s 12 to 23 fom) an int8gral part of these accounts. Th8so accounis, wh￿h hav8 been prepared in ac¢oidarKe with the provisions in the Cornpanies A¢1 2006 relatiw to small compani re approved by the trusteès on 15th October 2021 and signedon their behalf by.. Mr S Pallerson Treasurer Company registration number 05318197 ST HELENS DISTRICT CITIZENS ADVICE BUREAU Statement of cash flows For the year ended 31 March 2021 2021 2020 Cash flows from oporating artivities: Nel incomellexpenditurel per SOFA Investment Income (Increase)Idecrease in debtors Incre8selldecrease} in oredilors Increaselldecrease) in deferred income 128,904) 12,008) 5,314 42,112 (102,175} 12,3181 31,493 1284) 16,514 Cash f10m￿ from Investing activitigs: Investment income 2,008 2,318 Net Incroaselldecreasel In cash: Total cash as at 1 April 2020 Total cash as at 31 March 2021 18,522 491,919 510,441 {70,9661 562,885 491,919 12 ST HELENS DISTRICT CITIZENS ADVICE BUREAU Notes to the accounts for the year ended 31 March 2021 1 Accounting policies Charity Infomiatlon Sl Helens Dislri¢l Citizens Advice Bureau is a private company limited by guarantee incorporated in England 8nd Wales. The registered office is Millennium Cenlre, Corporation Streel St Helens, WA10 1HJ. 1.1 Accountlng conventlon These accounts (financial slatementsl have been prepared in accordance with the charity's governing document, "Accounting and Reporting by Charities" Stslement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Ireland {FRS 102), and tre Companies Act 2006 as amended foi accounting per￿d$ commencing from 1 January 2016. The charity is a Public Benefit Entity as defined by FRS 102. The accounts have been prepared under the historical cost convents"on, modified lo include the revaluation of ￿rtain financial instruments at fair value. The prinGipal aceounb'ng policies adopled are set out below. The accounts are prepared in sterling which is the functional currency of the charity. Monetary amounts in the financial slalemenls are rounded to the nearest £. 1.2 Going Concern At the time of approving the financial statements, the trustees have reasonable expectation that the charity has adequate resources to Gonlinue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of ￿CountIng in preparing the financial slatemenls. 13 ST HELENS DISTRICT CITIZENS ADVICE BUREAU Notes to the accounts for the year ended 31 March 2021 1 Accountlng Policlgs Icontinuedl 1.3 Charitable funds (a) Unreslricled funds are those that can be expended at the discretion of the trustees In the ftjrtherance of the objects of the Gharity. {bl Restricted funds are those that may only be used for specific purposes. Reslriclions arise when 5pecifred by the donor, or when funds are raised for specific purtoses. 1.4 Incoming resources {al Income is recognised and included in th& Statement of Financial Activities (SOFA) when the charity becomes entitled lo the income., receipt is probable,. and tho monetary value can be measured with sufficient reliability. Ibl Where income has relatd expenditure {e.g. BOF), the income and related expenditure are reported gross in the SOFA. Icl Bank interest is recognised when ¢redited lo the account. (dl Income, which is subject to conditions that the charity has yel to fulfil, or which is specifically for use in a future a¢£ounling period, is Irealed as deferred income. 1.5 Resources expended {a) Expenditure is recognised on the accruals basis. {bl The charity is not registered for VAT, thus all costs are shown inclusive of VAT charged. {cl Liabilities are recognised as soon as there is a legal or constructive oblwation to pay out resources. 1.6 Tangible fixed assets lal Tangible fixed assets are capitslised if they can be used for ￿ore than one year and cost at least £1,000. They are valued al cost or, if gifted, al their value on receipt. Deprecialion is provided al rates calculated to write off the costs ￿sS eslimaled residual value or its expected useful life, as follows.. Computers 25°h p.a. slraighl line basis Equipment 150/0 p.a. straight line basis 14 ST HELENS DISTRICT CITIZENS ADVICE BUREAU Notes to the accounts for the year ended 31 March 2021 1 Accountlng Policies Icontlnued) 1.7 Basic financlal assets Basic financial assets, which include debtors and cash and bank baLances, are initially measured at transaction price including tr8nsaclion costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement conslilutes a financing transaction, where the transaction is measured at the present value of the futsjre re￿ip1S discounted at a market rate of interest. Financial assets classified as re￿￿able wlhin one year are not amortised. Derecognition of financial assets Financial assets are derecognised only when the contractual rights lo the cash flows from the asset expire or are settled, or when the charity transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or rf some significant risks and rewards of ownership are retained b(Jt control of the asset has transferred to an0￿er paty that is able lo sell the asset in its entirety to an unrelated third paty. Baslc financial liabilities Basic financial liabilities, including creditors and bank loans are Initial￿ recognised al trans8ction price unless thè arrangement constitutes a financing transaction, where the debt instrument 15 measured al the present value of the future payments discounted al 8 market rale of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried al amortised cost, using the effective inleresl rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not. they are presenled as non-current liabiSities. Trade creditors are recognised Initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognltlon ot linancial liabllltles Financial liabilitie5 are de￿CogniSed when the charitys contfaclual obligations expire or are discharged or cancelled. 15 ST HELENS DISTRICT CITIZENS ADVICE BUREAU Notes to the accounts continued for the year ended 3q MarGh 2021 2 Donations and legacles 2021 Unrestricted fund$ 2021 Reslilcted funds 2021 Total funds 2020 Total funds Don81ion$ Grants receNable for ¢ore activttles 229 21,321 21,550 229 21.321 21,550 4,395 21,321 25,716 For the year anded 31 March 2020 25,716 25,716 Grant$ r*c¢lvable for corè actlvitles St Helens Borough Counryl 21,321 21,321 21,321 21,321 21,321 21,321 16 ¢LIOOvLnLno¢n u)oooc40(0 rtrJO¢J>rror rts) rf)iQ¢OrO (oG)OTChlOOOOU) *OO(OfnO(QOOON IOrTr1OOtu)oo￿C¢> I Il ¢Troooo o00c4￿) ¢5)0 00)¢o i ui ¢fJ¢ooro (o(Du)y)E￿￿Ju(na