2023-03-31-accounts

Legal and administrative	information
Legal structure	The charity is a company limited by guarantee, incorporated in England and Wales
Charity Registration No.	1115522
Company No.	5866861
Chairman	Steven Alderson (Resigned 16 June 2022)
	Nick Mayo (Appointed 20 June 2022)
Board of Trustees
- Elected members	Steven Alderson (Resigned 16 June 2022)
	Stephen Curtis (Resigned 11 August 2022)
	Leanne Munro (Resigned 11 August 2022)
	Rhys Jarvis (Resigned 16 June 2022)
	Roger Guthrie (Appointed 11 April 2022; resigned 5 June 2023)
	Ed Day (Appointed 11 April 2022)
	David Verney (Appointed 11 April 2022)
	Nick Mayo (Appointed 11 April 2022)
	Craig Fiddaman (Appointed 11 April 2022)
	Susan Robinson (Appointed 11 April 2022)
	Richard McLeod (Appointed 20 April 2022)
	Simon Quantrill (appointed 19 April 2023)
	Philip Davy (Appointed 5 June 2023)
- Council nominees	Tony Cooper (East Suffolk Council)
	Keith Robinson (Suffolk County Council)
Company Secretary	Janet John (Resigned 21 June 2022)
	Craig Fiddaman (Appointed 21 June 2022)
Chief Officer	Janet John (to 21 June 2022)
	Chiara Saunders (from 21 June 2022)
Principal Address and	St Margaret's House
Registered Office	Gordon Road
	Lowestoft
	Suffolk
	NR32 10
Independent Examiner	Helen Rumsey FCA
	Ensors Accountants LLP
	Blyth House
	Rendham Road
	Saxmundham
	Suffolk
	IP17 IWA

For the year ended 31 March 2023
					Combined
				Total	Total
		Unrestricted	Restricted	Funds	Funds
		Funds	Funds	2023	2022
					Note 4
Notes		£	£	£	£
Income and endowments from
Donations and legacies	2	418,858	41,845	460,703	463,967
Charitable activities	3	98,371	265,870	364,241	543,683
Investments		1,895	-	1,895	327
Total Income		519,124	307,715	826,839	1,007,976
Expenditure on
Raising funds			-	-	-
Charitable activities: Advice	5	605,821	292,939	898,760	948,529
Total expenditure		605,821	292,939	898,760	948,529
Net income / (expenditure)		( 86,697)	14,776	( 71,921)	59,448
Total Funds brought forward at 1 April 2022		745,779	67,812	813,591	754,143
Total Funds carried forward at 31 March 2023		659,082	82,588	741,670	813,591

As at 31 March 2023
	Notes	2023	2022
		£	£
Fixed Assets
Tangible assets	8	110,516	120,123
Current Assets
Short term investments	9	85,019	-
Debtors	10	20,841	46,636
Cash at bank and in hand		673,850	714,910
		779,710	761,546
Creditors: amounts falling due within one year	11	( 148,555)	( 68,078)
Net Current Assets		631,155	693,468
Net Assets		741,670	813,591
Funds
Restricted Funds	12	82,588	67,812
Unrestricted Funds	13
Designated Funds		210,516	250,123
General Charitable Funds		448,566	495,656
Total Funds		741,670	813,591

For the year ended 31 March 2023
	Notes	2023	2022
		£	£
Cash flows from operating activities
Cash (utilised by)/generated from operations		43,959	91,102
Loan repayment deducted from funding
Net cash provided by operating activities		43,959	91,102
Cash flows from investing activities
Purchase of tangible fixed assets		-	-
Increase in short term investments		( 85,019)	-
Net cash used in investing activities		( 85,019)	-
Change in cash and cash equivalents in the year		( 41,060)	91,102
Cashandcash equivalents at 1 April 2022		714,910	623,808
Cash and cash equivalents at 31 March 2023	14	673,850	714,910
Reconciliationof cash flows from operating activities
Net income for the year (as per statement of financial	activities)	( 71,921)	59,448
Depreciation		9,607	14,164
(Increase)/decrease in debtors		25,795	5,832
lncrease/(decrease) in creditors		80,478	11,658
Net cash provided by operating activities	(see above)	43,959	91,102

Freehold property	2% on cost
Improvements to property	10% on cost
Fixtures & furniture	20% on cost

	Unrestricted	Restricted
	Funds	Funds	2023	2022
	£	£	£	£
Parish & Town Councils	12,345	1,995	14,340	25,373
Individuals, Charitable bodies and other	10,855	18,600	29,455	98,123
Donations	23,200	20,595	43,795	123,496
East Suffolk Council	227,100		227,100	215,540
Suffolk County Council	152,406	10,000	162,406	108,982
L D Rope Charitable Trust	-	8,895	8,895	15,000
Hopestead	10,000	-	10,000	-
Other	-	2,355	2,355	-
Grants Receivable	389,506	21,250	410,757	339,522
Other	6,152		6,152	949
Total donations and similar income	418,858	41,845	460,704	463,968

	Unrestricted	Restricted
	Funds	Funds	2023	2022
	£	£	£	£
Fundraising events	-	-	-	-
Money Advice Service	-	108,466	108,466	143,629
Help to Claim	-	-	-	83,471
Solutions	-	136,582	136,582	136,578
East Suffolk Council - Housing	18,500	-	18,500	18,500
Suffolk County Council - SASS	31,250	-	31,250	68,357
James Paget Hospital - The Big C	4,921	-	4,921	6,630
Community Connectors	-	12,872	12,872	51,490
East Suffolk Council - Budgeting	-	-	-	3,028
Money Advice and Budgeting - L D Rope	43,700	-	43,700	32,000
Lowestoft Food Bank	-	7,949	7,949	-
Service Level Agreements	98,371	265,870	364,241	543,683
Total charitable activities	98,371	265,870	364,241	543,683

				Total
	Unrestricted		Restricted	Funds
	Funds		Funds	2022
	£		£	£
Income from
Donations and legacies	375,391		88,576	463,967
Charitable activities	93,487		450,196	543,683
Investment	327		-	327
Total Incoming Resources	469,205		538,772	1,007,977
Resources Expended
Costs of generating funds
Charitable activities: Support	409,074		539,455	948,529
Total Resources Expended	409,074		539,455	948,529
Net Incoming Resources for theperiod	60,131	(	683)	59,448
Total Funds brought forward at1 April 2021	685,648		68,495	754,143
Total Funds carried forward at 31 March 2022	745,779		67,812	813,591

	Unrestricted	Restricted	Total	Total
	Funds	Funds	2023	2022
	£	£	£	£
Staff costs	400,712	237,487	638,199	672,833
Travel expenses	9,169		9,169	4,965
Printing, postage and stationery	13,062		13,062	12,553
Telephone	22,762		22,762	16,492
Information systems	27,896		27,896	8,804
Training	1,871		1,871	2,676
Hardship payments	6,336	17,755	24,091	81,452
Overheads allocated to projects	( 37,697)	37,697		-
Managementand administration (Note 6)	161,710	-	161,710	148,754
	605,821	292,939	898,760	948,529

	2023	2022
	£	£
Rent, rates, power and cleaning	115,587	92,916
Technical support	11,318	13,364
Insurance	7,806	9,468
Professional fees	10,918	5,703
Depreciation	9,607	12,387
Depreciation - policy standardisation	-	3,196
Other	6,474	11,720
	161,710	148,754

The cost of staff was
	2023	2022
	£	£
Wages and salaries	592,816	630,472
Social security costs	36,432	29,533
Pension costs	8,951	12,827
	638,199	672,833

8	Tangible Fixed Assets
				Fixtures
		Freehold	Property	furniture	Total
		property	improvements	&IT
		£	£	£	£
	Cost
	Asat 1 April 2022	101,472	36,643	171,450	309,565
	Additions	-	-	-	-
	Disposals	-	-	-	-
	As at 31 March 2023	101,472	36,643	171,450	309,565
	Depreciation
	As at1 April 2022	8,569	19,224	161,650	189,443
	Charge for the year	2,030	3,664	3,913	9,607
	Disposals	-	-	-	-
	Asat31 March 2023	10,599	22,888	165,563	199,050
	Net Book Value
	As at 31 March 2023	90,873	13,755	5,888	110,516
	As at31 March 2022	92,903	17,419	9,801	120,123
9	Short term investments
				2023	2022
				£	£
	Bank deposits (lessthantwo years to maturity)			85,019	-
				85,019	-
10	Debtors
				2023	2022
				£	£
	Other debtors			-	22,142
	Prepayments and accrued income			20,841	24,494
				20,841	46,636

Creditors: amounts falling due within one year
	2023	2022
	£	£
Accruals	98,555	61,878
Deferred income	50,000	6,200
	148,555	68,078

Restricted funds
	At 1 April				At 31 March
	2022	Income	Expenditure	Transfers	2023
	£	£	£	£	£
Money Advice Service	-	108,466	107,725	-	741
Help to Claim	-	-		-
Solutions	23,589	136,582	145,588	-	14,583
Client funding	29,399	41,845	24,091	-	47,153
Other	14,824	20,822	15,535	-	20,111
	67,812	307,715	292,939	-	82,588
	At 1 April				At 31 March
	2021	Income	Expenditure	Transfers	2022
	£	£	£	£	£
Money Advice Service	2,395	99,199	101,594	-	-
MAPS	-	23,210	23,210	-	-
Help to Claim	703	83,471	84,174	-	-
Community Connectors	629	51,490	52,119	-	-
Solutions	19,111	136,578	132,100	-	23,589
Client funding	25,849	144,824	141,274	-	29,399
Other	19,808		4,984	-	14,824
	68,495	538,772	539,455	-	67,812

Unrestricted funds
	At 1 April						At 31 March
	2022	Income	Expenditure			Transfers	2023
	£	£		£		£	£
Designated funds
Contractual commitments	98,500				(	48,500)	50,000
Premises	10,500					39,500	50,000
Property reserve	120,123				(	9,607)	110,516
Co vid	11,000				(	11,000)	-
Development	10,000				(	10,000)	-
General charitable funds	495,656	519,124	(	605,820)		39,607	448,567
	745,779	519,124	(	605,820)		-	659,083
	At 1 April						At 31 March
	2021	Income	Expenditure			Transfers	2022
	£	£		£		£	£
Designated funds
Contractual commitments	98,500						98,500
Premises	9,500					1,000	10,500
Property reserve	( 9,561)					129,684	120,123
Covid	22,000				(	11,000)	11,000
Development	10,000						10,000
General charitable funds	555,209	469,205	(	409,074)	(	119,684)	495,656
	685,648	469,205	(	409,074)		-	745,779

13	Analysis of net assets between funds
		Tangible	Net
		Fixed	Current	2023	2022
		Assets	Assets	Total	Total
		£	£	£	£
	Restricted funds	-	82,588	82,588	67,812
	Designated funds	110,516	100,000	210,516	250,123
	General funds	-	448,567	448,567	495,656
		110,516	631,155	741,670	813,591
		Tangible	Net
		Fixed	Current	2022	2021
		Assets	Assets	Total	Total
		£	£	£	£
	Restricted funds	-	67,812	67,812	68,495
	Designated funds	120,123	130,000	250,123	144,877
	General funds	-	495,656	495,656	540,771
		120,123	693,468	813,591	754,143
14	Analysis of cash and cash equivalents			2023	2022
				£	£
	Cash in hand			306	276
	Bank current account			102,261	624,496
	Bank deposit (immediate access)			400,873	90,138
	Bank deposit (access within three months)			170,411	-
	Total cash and cash equivalents			673,850	714,910

	Felixstowe	Leiston	CANES	CAES
	31 Mar 22	31 Mar 22	31 Mar 22	1 Apr 22
	£	£	£	£
Total incoming resources	229,785	213,529	564,662	1,007,976
Total resources expended	203,546	206,881	534,905	945,333
Depreciation - policy standardisation				3,196
Surplus/(deficit) for the year	26,239	6,648	29,757	59,448
Funds brought forward at 1 April 2021	193,649	221,892	349,844	765,385
Depreciation - policy standardisation - prior yrs				( 11,242)
Funds carried forward at31 March 2022	219,888	228,540	379,601	813,591

		Felixstowe	Leiston	CANES		CAES
		31 Mar 22	31 Mar 22	31 Mar 22		l Apr 22
		£	£	£		£
Net assets (before fixed asset adjustments)	•	219,888	228,540	379,601		828,029
Depreciation - policy standardisation					(	14,438)
		219,888	228,540	379,601		813,591
Restricted funds		8,591	18,271	40,950		67,812
Unrestricted funds		211,297	210,269	338,651		760,217
					(	14,438)
Total funds		219,888	228,540	379,601		813,591