| page | ||||
|---|---|---|---|---|
| Reference and Administrative Details |
||||
| Trustees' Annual Report (Incorporating |
the | Directors' Report) | ||
| Independent Auditor's Report tothe Members |
10 | |||
| Statement of Financial Activities (Including |
Income and Expenditure | Account) | 15 | |
| Statement of Financial Position |
16 | |||
| Statement ofCash Flows | 17 | |||
| Notes to the Financial Statements |
18 |
| Unrestricted | Restricted | Total | ||||
|---|---|---|---|---|---|---|
| Funds | Funds | Total 2022 | 2021 | |||
| Note | E | 8 | E | E | ||
| Income and endowments | from: | |||||
| Donations &legacies |
3 | 324,374 | 35,191 | 359,565 | 39,073 | |
| Charitable activities |
4 | 70,000 | 1,036,827 | 1,106,827 | 631,352 | |
| Trading ActiviTies |
5 | 7,465 | 7,465 | 76,838 | ||
| Investment income |
6 | 38 | 38 | 61 | ||
| Other income | 7 | 26,900 | 215 | 27,115 | 4,000 | |
| TOTAL INCOME | 428,777 | 1,072,233 | 1,501,010 | 751,324 | ||
| EXPENDITURE ON | ||||||
| Charitable activities |
||||||
| Advice and Information | 6 | 56,472 | 1,011,847 | 1,068,319 | 716,118 | |
| TOTALEXPENDITURE | 56,472 | 1,011,847 | 1,068,319 | 716,118 | ||
| NET INCOMEI (EXPENDITURE) | 372,305 | 60,386 | 432,691 | 35,206 | ||
| Transfers Between Funds |
18,915 | (18,915) | ||||
| Actuarial gain/(loss) on defined pension scheme |
benefit | 10,949 | 10,949 | |||
| NET MOVEMENT IN FUNDS |
402,169 | 41,471 | 443,640 | 35,206 | ||
| Reconciliation of Funds |
||||||
| Funds brought forward at 1 April | 2021 | 249,111 | 76,386 | 325,497 | 290,291 | |
| Funds carried forward 31 March 2022 | 651,280 | 117,857 | 769,137 | 325,497 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| note | K | 8 | |||
| FIXEDASSETS | |||||
| Tangible Assets | 13 | 112,122 | |||
| CURRENT ASSETS | |||||
| Debtors | 14 | 87,015 | 101,507 | ||
| Cash at bank and in hand | 629,585 | 291,822 | |||
| 716,600 | 393,329 | ||||
| CREDITORS: Amounts | falling due within one year | 15 | (53,360) | (67,832) | |
| NET CURRENT ASSETS | 663,240 | 325,497 | |||
| TOTAL ASSETS LESSCURRENT LIABILITIES | 775,362 | 325,497 | |||
| Defined benefit pension scheme asset | / (liability) | 16 | (6,225) | ||
| TOTAL NET ASSETS | 769,137 | 325,497 | |||
| FUNDS | |||||
| Restricted income funds | 117,857 | 76,386 | |||
| Designated funds |
|||||
| Unrestricted funds |
651,280 | 249,111 | |||
| TOTAL FUNDS | 799,137 | 329,497 |
| 2022 | 2021 | ||
|---|---|---|---|
| note | 6 | ||
| Cash flows from operating activities |
|||
| Net income/(Expenditure) for the period |
432,691 | 35,206 | |
| Adjusted for: | |||
| Depreciation charge |
13 | 839 | 690 |
| Investment income |
(38) | (61) | |
| Pension scheme finance cost | 16 | 132 | |
| Pension scheme deficit contributions | 16 | (5,774) | |
| Pension scheme deficit transferred from Redcar CAB |
16 | 22,816 | |
| Decrease/(increase) in debtors (Decrease)/increase in creditors |
14 16 |
14,492 ~74.472 |
(43,063) 34,060 |
| Net cash flows from operating activities |
450,686 | 26,832 | |
| Cash flows from investing activities |
|||
| Interest receivable and similar income |
6 | 38 | |
| Tangible fixed assets additions | 13 | ~112,961 | |
| Net cash flows from investing activities |
112,923 | 61 | |
| Net increase/(decrease) in cash and cash equivalents |
337,763 | 26,893 | |
| Cash and cash equivalents at 1 April 2021 |
291,822 | 264,929 | |
| Cash and cash equivalents at 31 March 2022 |
19 | 629,585 | 291,822 |
| Unrestricted | Restricted | |||
|---|---|---|---|---|
| Funds | Funds | Total 2021 | ||
| F | E | E | ||
| Income and endowments from: |
||||
| Donations &legacies |
39,073 | 39,073 | ||
| Charitable activities |
6,726 | 624,626 | 631,352 | |
| Trading Activities | 76,838 | 76,838 | ||
| Investments | 61 | 61 | ||
| Other Income | 4,000 | 4,000 | ||
| TOTAL INCOMING RESOURCES | 126,698 | 624,626 | 751,324 | |
| RESOURCES EXPENDED | ||||
| Charitable activities |
||||
| Advice and Information | 69,293 | 646,825 | 716,118 | |
| TOTAL RESOURCES | EXPENDED | 69,293 | 646,825 | 716,118 |
| NET INCOMEI (EXPENDITURE) | 57,405 | (22,199) | 35,206 | |
| Transfers between funds |
15,741 | (15,741) | ||
| NET MOVEMENT IN FUNDS |
73,146 | (37,940) | 35,206 | |
| Reconciliation ofFunds |
||||
| Funds brought forward | at 1 April 2020 | 175,965 | 114,326 | 290,291 |
| Funds carried forward | 31 March 2021 | 242,111 | 76,386 | 325,497 |
| 3.Income from Donations | and Legac | ie | s | |||
|---|---|---|---|---|---|---|
| Unrestricted | Total | |||||
| Funds | Restricted | 2022 | Total 2021 | |||
| E | 8 | |||||
| Donations | 706 | 300 | 1,006 | 2,517 | ||
| Covid Grants | 16,496 | 16,496 | 36,556 | |||
| Funds Transferred from Redcar CAB |
323,668 | 18,395 | 342,063 | |||
| Total | 324,374 | 35,191 | 359,555 | 39,573 | ||
| 4.Income from Charitable | Activity | |||||
| Advice &Information Services: |
||||||
| Unrestricted | Restricted | Total | ||||
| Funds | Funds | 2022 | Total 2021 | |||
| Funder | 8 | 8 | 8 | |||
| CCG Health - GP Surgeries | 25,000 | 25,000 | 25,000 | |||
| Citizens Advice - Money Advice Service | Debt | 259,781 | 259,781 | 125,726 | ||
| Citizens Advice - Universal | Credit | 163,909 | 163,909 | 65,425 | ||
| County Durham Community |
Foundation | 9,948 | 9,948 | 5,000 | ||
| Darlington BC - Benefits Advice & Support |
Ser | 30,000 | 30,000 | 30,000 | ||
| Darlington BC - Community |
Care | 140,013 | 140,013 | 147,116 | ||
| Darlington BC - Emergency |
Assistance | Grant | 20,196 | 20,196 | ||
| Darlington BC - Financial Crisis |
74,438 | 74,438 | 65,917 | |||
| Darlington BC - Trailblazer |
16,608 | 16,608 | 14,475 | |||
| Hartlepool Community Grants |
6,032 | |||||
| Macmillan Cancer Support |
17,631 | 17,631 | 17,500 | |||
| North East Law Centre | 25,074 | 25,074 | 4,985 | |||
| Redcar BC | 70,000 | 70,000 | ||||
| Redcar BC - Mortgage Rescue | 31,638 | 31,638 | ||||
| Step Forward Tees Valley | 36,520 | 36,520 | 30,329 | |||
| Stockton Citizens Advice - | Energy Redress | 35,334 | 35,334 | |||
| Stockton Citizens Advice - Warm Homes | Fund | 43,737 | 43,737 | |||
| West Park Hospital | 53,272 | 53,272 | 22,594 | |||
| Youth Employment Initiative |
53,728 | 53,728 | 64,527 | |||
| Other Charitable Income |
6,726 | |||||
| Total | 70,000 | 1,036,827 | 1,106,827 | 631,352 |
| Unrestricted | Restricted | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Total 2022 | Total 2021 | |||||||
| 8 | 8 | E | 8 | |||||||
| Room Hire | 4,374 | 4,374 | 5,050 | |||||||
| Legal Aid | 5,809 | |||||||||
| Management | consultancy | 3,091 | 3,091 | 65,979 | ||||||
| Total | 7,465 | 7,465 | 76,838 | |||||||
| 6.Investment | Income | |||||||||
| Unrestricted | Restricted | |||||||||
| Funds | Funds | Total 2022 | Total 2021 | |||||||
| 8 | 8 | E | 8 | |||||||
| Interest receivable | on | bank | deposits | 38 | 38 | 61 | ||||
| Total | 35 | 38 | 61 | |||||||
| 7.Other | Income | |||||||||
| Unrestricted | Restricted | |||||||||
| Funds | Funds | Total 2022 | Total 2021 | |||||||
| 8 | E | 8 | E | |||||||
| DWP - Kickstart | 26,700 | 26,700 | ||||||||
| Other Income | 200 | 215 | 415 | 4,000 | ||||||
| Total | 25,200 | 215 | 21,115 | 4 QQQ | ||||||
| 8.Resources | Expended | Unrestricted | Restricted | |||||||
| Funds | Funds | Total 2022 | Total 2021 | |||||||
| Advice 8 | information | services: | E | E | 8 | 8 | ||||
| Direct | costs | 11,301 | 753,016 | 764,318 | 559,549 | |||||
| Allocated | Support | Costs | (see below) | 35,189 | 249,160 | 284,348 | 150,979 | |||
| Governance | Costs | 9,982 | 9,671 | 19,653 | 5,590 | |||||
| Total Resources Expended | 56,472 | 1,011,847 | 1,068,319 | 716,118 | ||||||
| Staff Costs | Other Costs | Total 2022 | Total 2021 | |||||||
| E | ||||||||||
| Allocated | Support | Costs comprise | 245,555 | 38,793 | 284,348 | 150,979 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| 8 | ||||||
| Wages | and | salaries | 737,125 | 410,369 | ||
| Social | security costs | 48,931 | 30,136 | |||
| Pension costs | 17,439 | 9,843 | ||||
| 803,495 | 450,348 | |||||
| The average | number | ofemployees | during | the year was | ||
| 2022 | 2021 | |||||
| No. | No. | |||||
| Management | 4 | 3 | ||||
| Advice | Delivery | 30 | 15 | |||
| Admin | & support | 5 | 4 | |||
| Total | 39 | 22 |
| 13.Tangible Fixed Assets | ||||
|---|---|---|---|---|
| Cost | Freehold Propertyf |
Computers | Fixtures & Fittingsf |
Total F |
| At 1 April 2021 Additions |
110,000 | 0 621 |
115,212 2,340 |
115,212 112,961 |
| At 31 March 2022 | 110,000 | 621 | 117,552 | 228,173 |
| Depreciation | ||||
| At 1 April 2021 | 0 | 115,212 | 115,212 | |
| charge for the year | 621 | 218 | 839 | |
| At 31 March 2022 | 621 | 115,430 | 116,051 | |
| Net Book Value | ||||
| At 1 April 2021 | ||||
| At 31 March 2022 | 110,000 | 2,122 | 112,122 |
| Freehold property and Computer additions a Redcar Citizens Advice. |
re the Fixed asset fund balances dona | ted from |
|---|---|---|
| 14.Debtors | 2022 f |
2021 f |
| Trade Debtors | 29,629 | 64,929 |
| Accrued Income | 52,787 | 36,106 |
| Prepayments | 4,599 | 472 |
| Total | 87,015 | 101,507 |
| 15.Creditors | 2022 F |
2021 f |
| Trade Creditors | 3,342 | 16,491 |
| Accruals | 8,351 | 6,654 |
| Deferred Income | 42,845 | |
| Other Creditors | 41,667 | 1,842 |
| Total | 53,360 | 67,832 |
| RECONCILIATION | OF OPENING | AND CLOSING PROVISIONS | AND CLOSING PROVISIONS | AND CLOSING PROVISIONS | AND CLOSING PROVISIONS | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| note: prior period | comparatives | are for | information | only. They | relate to balances previously |
held | |||||
| with Redcar Citizens Advice and therefore | were transferred | to | the | charity | as part ofthe | business | |||||
| combination on 1st May 2021 |
|||||||||||
| Period | Period | ||||||||||
| 31-Mar-22 | 31-Mar-21 | ||||||||||
| 6 | |||||||||||
| Provision at start of period |
22,816 | 27,034 | |||||||||
| Unwinding ofthe discount factor (interest |
expense) | 132 | 608 | ||||||||
| Deficit contribution | paid | (5,774) | (5,606) | ||||||||
| Remeasurements | -impact ofany | change | in | assumptions | (143) | 780 | |||||
| Remeasurements | -amendments to the contribution |
(10,806) | |||||||||
| Provision at end ofperiod |
8,225 | 22,816 | |||||||||
| INCOME AND EXPENDITURE IMPACT | |||||||||||
| Period | Period | ||||||||||
| Ending | Ending | ||||||||||
| 31-Mar-22 | 31-Mar-21 | ||||||||||
| E | F | ||||||||||
| Interest expense | 132 | 608 | |||||||||
| Remeasurements | —impact ofany | change | in | assumptions | (143) | 780 | |||||
| Remeasurements | —amendments | to the contribution | (10,806) | ||||||||
| Contributions paid |
in respect offuture service* | ||||||||||
| Costs recognised | in income and expenditure | account | |||||||||
| *includes defined | contribution schemes and |
future service contributions | (i.e. excluding any deficit |
reduction | |||||||
| payments) to defined benefit schemes which |
are treated as defined | contribution | schemes. | ||||||||
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |||||||||
| % | per | %per | %per | ||||||||
| annum | annum | annum | |||||||||
| Rate ofdiscount | 2.35 | 0.66 | 2.53 |
| 17.Funds | ||||||||
|---|---|---|---|---|---|---|---|---|
| Balance 1 | Incoming | Outgoing | Pension | Balance 31 | ||||
| April 2021 8 |
Resources f |
Resources E |
Gain/(Loss) | f | Transfers 6 |
March 2022 6 |
||
| Unrestricted funds: |
||||||||
| General Funds |
249,111 | 428,777 | (56,472) | 10,949 | 18,915 | 651,280 | ||
| Designated Funds |
||||||||
| Pension reserve | ||||||||
| Total unrestricted funds |
249,111 | 428,777 | (56,472) | 10,949 | 18,915 | 651,280 | ||
| Restricted Funds: | ||||||||
| CCG - Northern Cancer Alliance |
23,373 | (1,574) | 21,799 | |||||
| CCG Health - GP Surgeries | 25,000 | (25,000) | ||||||
| Citizens Advice - LIBOR | 13,356 | 13,356 | ||||||
| Citizens Advice - Money Advice Service Debt Advice |
264,821 | (242,200) | (22,621) | |||||
| Citizens Advice - Universal | Credit | 163,909 | (163,909) | |||||
| County Durham Community Foundation |
2,453 | 9,948 | (781) | 11,620 | ||||
| Darlington BC - Benefits Advice & Support Service |
30,000 | (30,000) | ||||||
| Darlington BC - Community |
Care | 19,071 | 140,013 | (151,302) | 7,782 | |||
| Darlington BC - Emergency Assistance Grant |
20,196 | 20,196 | ||||||
| Darlington BC - Financial Crisis |
12,314 | 74,438 | (80,344) | 6,408 | ||||
| Darlington BC - Infection Control |
16,496 | (16,496) | ||||||
| Darlington BC - Trailblazer |
16,608 | (16,608) | ||||||
| Growing Old Living in Darlington (GOLD) |
12,069 | 514 | (341) | 12,242 | ||||
| Hartlepool Community Grants |
||||||||
| Macmillan Cancer Support |
17,631 | (17,500) | 131 | |||||
| North East Law Centre | 25,074 | (25,074) | ||||||
| Redcar BC - Mortgage Rescue | 31,638 | (31,638) | ||||||
| Step Forward Tees Valley | 7,106 | 36,520 | (43,626) | |||||
| Stockton Citizens Advice- Energy Redress |
35,334 | (35,516) | 182 | |||||
| Stockton Citizens Advice - Warm Homes Fund |
43,737 | (47,261) | 3,524 | |||||
| West Park Hospital | 53,272 | (28,949) | 24,323 | |||||
| Youth Employment Initiative |
53,728 | (53,728) | ||||||
| Total restricted funds |
76,386 | 1,072,233 | (1,011,847) | (18,915) | 117,857 | |||
| Total funds | 325,497 | 1,501,010 | (1,068,319) | 10,949 | 769,137 |
| 17.Funds (Prior year com | parative) | |||||
|---|---|---|---|---|---|---|
| Balance 1 | Balance 31 | |||||
| April 2020 | Income | Expenditure | Transfers | March 2021 | ||
| 8 | 6 | 6 | 6 | |||
| Unrestricted funds: |
||||||
| General Funds | 175,965 | 126,698 | (69,293) | 15,741 | 249,111 | |
| Designated Funds |
||||||
| Total unrestricted funds |
175,965 | 126,698 | (69,293) | 15,741 | 249,111 | |
| Restricted Funda: | ||||||
| CCG - Northern Cancer Alliance |
29,937 | (6,564) | 23,373 | |||
| CCG Health - GP Surgeries | 25,000 | (21,480) | (3,520) | |||
| Citizens Advice - LIBOR | ||||||
| Citizens Advice - Money Advice Service Debt Advice |
125,726 | (114,325) | (11,401) | |||
| Citizens Advice - Universal | Credit | 65,425 | (56,783) | (8,642) | ||
| County Durham Community Foundation |
5,000 | (2,547) | 2,453 | |||
| Darlington BC - Community |
Care | 20,839 | 147,116 | (148,884) | 19,071 | |
| Darlington BC - Covid 19 |
32,440 | (36,203) | 3,763 | |||
| Darlington BC - Emergency |
||||||
| Assistance Grant |
||||||
| Darlington BC - Financial Crisis |
65,917 | (53,603) | 12,314 | |||
| Darlington BC - Trailblazer |
14,475 | (13,661) | (814) | |||
| Darlington BC - Benefits Advice & Support Service |
30,000 | (32,727) | 2,727 | |||
| Growing Old Living in Darlington (GOLD) |
12,225 | (156) | 12,069 | |||
| Hartlepool Community Grants |
5,284 | 6,032 | (11,732) | 416 | ||
| Macmillan Cancer Support |
17,500 | (15,693) | (1,807) | |||
| North East Law Centre | 4,985 | (4,985) | ||||
| Step Forward Tees Valley | 30,329 | (23,223) | 7,106 | |||
| Stockton Citizens Advice - Redress |
Energy | (1,603) | 1,603 | |||
| Stockton Citizens Advice - Warm Homes Fund |
(2,996) | 2,996 | ||||
| West Park Hospital | 22,594 | (13,027) | (9,567) | |||
| Youth Employment Initiative |
13,601 | 64,527 | (86,633) | 8,505 | ||
| Total restricted funds | 114,326 | 624,626 | (646,825) | (15,741) | 76,386 | |
| Total funds | 295,291 | 751,324 | 1716,1151 | . | 325,497 |