## **REGISTERED NUMBER: 06156809 (England and Wales) REGISTERED CHARITY NUMBER: 1119081** 

## **CITIZENS ADVICE SERVICES CORBY & KETTERING** 

**(A COMPANY LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL)** 

## **REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021** 

## **AZETS** 

**Independent Examiner** 



## **CITIZENS ADVICE SERVICES CORBY & KETTERING REPORT AND ACCOUNTS – YEAR ENDED 31ST MARCH 2021** 

|CONTENTS|Pages|1|-|4|Report of the Trustees|
|---|---|---|---|---|---|
|||5|||Report of the Independent Examiners|
|||6|||Statement of fnancial activities|
|||7|||Balance sheet|
|||8|-|14|Notes to the accounts|





Page 1 

## **CITIZENS ADVICE SERVICES CORBY & KETTERING** 

## **REPORT OF THE TRUSTEES** 

The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report together with the financial statements of the Charity for the year ended 31st March 2021.  The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) FRS 102 “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and Financial statements of the charity. 

## **REFERENCE AND ADMINISTRATIVE DETAILS** 

|Charity Name:|Citizens Advice Services Corby & Kettering|
|---|---|
|Charity Registration:|1119081|
|Company Number:|06156809|
|Registered Ofice:|The Corby Cube|
||Parkland Gateway|
||George Street|
||Corby|
||Northants|
||NN17 1QG|
|Company Secretary:|Debbie Egan|
|Bank:|National Westminster Bank plc|
||25 Corporation Street|
||Corby|
||Northants|
||NN17 1NR|
|Independent Examiner:|P Tyler|
||Azets|
||Thorpe House|
||93 Headlands|
||Kettering|
||Northants|
||NN15 6BL|
|Solicitors:|Seatons Solicitors|
||1 Alexandra Road|
||Corby|
||Northants|
||NN17 1PE|





Page 2 

## **CITIZENS ADVICE SERVICES CORBY & KETTERING** 

## **REPORT OF THE TRUSTEES (continued)** 

## **Directors and Trustees** 

The directors of the charitable company (the Charity) are its Trustees for the purpose of Charity law and throughout this report are collectively referred to as the Trustees. 

The following Trustees (who are also directors) served during the year: 

Trish Dewar (Vice chair) Joy Lyman Christopher Woolmer Adrian Chambers Paul Clarke (Chair) John Donnelly (Resigned 18 December 2020) Emma Wynne Alex Parsons Jessica Cotton (Appointed 12 March 2021) 

## **OBJECTIVES AND ACTIVITIES** 

## **Objects** 

The  object  of  Citizens  Advice  Services  Corby  &  Kettering  is  the  promotion  of  any charitable purpose for the benefit of the communities of Corby and Kettering Borough by the advancement of education, the protection of health and the relief of poverty, sickness and distress.  The Trustees confirm that they have referred to the guidance contained  in  the  Charity  Commission’s  general  guidance  on  public  benefit  when reviewing the Trust’s objectives and in planning its future activities. 

## **Aims, Objectives, Strategies and Activities for the Period** 

Citizens Advice Services Corby & Kettering aims to provide free, confidential, impartial and  independent advice and information  for the benefit  of the local community,  to exercise a responsible influence on the development of social policies and services and to ensure that individuals do not suffer through a lack of knowledge or an inability to express their needs effectively. 

In addition to the continuing provision of high quality advisory services to the local community, the primary objective of the period was to ensure that the level of services delivered were maintained at their current level despite a difficult economic climate. Increasing the number of volunteers also remained high priority. 

The  principal  activity  of  Citizens  Advice  Services  Corby  &  Kettering  remained  the provision  of  free,  confidential,  independent  and  impartial  advice,  information  and counsel for members of the public.  This is provided from our town centre offices through  face-to-face  consultations,  telephone  advice  and  various  outreach  services within the Borough.  In addition, due to project funding, the following services were provided; 

- Outreach services in Corby Community Centres 

- Money advice casework 

- Outreach services in Kettering Borough libraries 

- Financial Capability Courses 



- Energy Best Deal appointments 

- Universal Credit service 

- Energy saving advice 



## **CITIZENS ADVICE SERVICES CORBY & KETTERING** 

Page 3 

## **REPORT OF THE TRUSTEES (continued)** 

## **Charitable Activities** 

The  key  achievements  in  the  year  for  the  Charity  were to  continue  to  deliver  an excellent service and achieve positive outcomes for our clients whilst all were working remotely due to the Covid pandemic. All workers have been working from home since April 2020 and managed to rise to and overcome the challenges that presented. We were also able to recruit and train new Volunteers to work remotely during this period. 

## **FINANCIAL REVIEW** 

## **Financial Position** 

Total incoming resources in the year were £421,181, of this £404,062 related to project restricted activities. 

A surplus of £96,753 was made in the year.  At 31st March 2021 total reserves were £403,767.  The trustees note the unprecedented level of surplus during the year and can attribute this to two factors: 

1. the budget was set based on a normal year of expenditure. Given that all staff have been working remotely for the entire year, this has meant large underspends in the areas of expenses, utilities and telephone costs resulting; 

2. the exceptional income as described in note 15. 

The Trustees are committed to reinvesting this into our service delivery for the future. 

## **Reserves Policy** 

Citizens Advice Services Corby & Kettering is required to ensure that free monies are available  in  each  financial  year  to  meet  any  reasonable  foreseeable  contingency. Therefore, the financial reserves we have set aside allow for sufficient cash flow to maintain the core service of the Organisation at a level equivalent to at least three (3) months  normal  operating  expenditure.  The  Trustees  have  recently  reviewed  our redundancy liability and in the event that the Charity were to dissolve have ensured that funds are available to meet this. 

## **Principal Funding Sources** 

The  Trustee  Board  extends  their  gratitude  to  Corby  Borough  Council  &  Kettering Borough Council who continue to support the core operating of the Charity. Additionally, project specific funding was received from; Citizens Advice, Corby Borough Council Homelessness,  CLS  Northamptonshire  (NCC  advice  services  contract),  Big  Lottery Awards for All and KHL Big Local. 

Corby Borough Council and Kettering Borough Council provide premises to the Charity, further details of this can be seen in Note 12. 

## **FUTURE PLANS** 



Citizens Advice Services Corby & Kettering will continue their work to ensure that the necessary funds are secured so that the services people need are in place when our help is needed.  Strategic priorities for the next twelve (12) months are to maintain the level of funding streams to support and continue to further increase numbers of volunteer advisers.  Good practice from the last 12 months remote working will be built on and a more flexible way of working moving forward will be adopted, for the benefit of both workers and clients alike. We will continue to adapt as we move forward to ensure we remain fit for purpose. 

## **CITIZENS ADVICE SERVICES CORBY & KETTERING** 

Page 4 

## **REPORT OF THE TRUSTEES (continued)** 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

## **Governing document** 

Citizens Advice Services Corby & Kettering is a company limited by guarantee governed by its Memorandum and Articles of Association dated 13th March 2007. It is registered as  a  Charity  with  the  Charity  Commission.  Members  are  elected  from  the  local community and must either reside or work in the Boroughs of Corby or Kettering. However such applications require the approval of the Trustees. There are currently seven members, each of whom agrees to contribute £1 in the event of the Charity winding up. 

## **Appointment of Trustees** 

As set out in the Articles of Association the first Trustees shall be those persons notified to Companies House as the first directors of the Charity. Trustees are not required to retire by rotation and remain as Trustees until they resign. There shall be a minimum number of three Trustees and a maximum number of fifteen Trustees. 

The Trustees have the power to appoint additional Trustees or to fill a vacancy arising amongst the Trustees. The members have the power to nominate additional Trustees, or Trustees to fill a vacancy, at a general meeting. 

## **Trustee induction and training** 

New Trustees undergo an orientation day to brief them on their legal obligations under Charity and company law, the content of the Memorandum and Articles of Association, the decision making processes, the business plan and recent financial performances of the Charity. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role. 

## **Organisational Structure** 

Citizens Advice Services Corby & Kettering is governed by its Trustee Board which is responsible for setting the strategic direction of the organisation and the policy of the Charity.  The Trustees carry the ultimate responsibility for the conduct of Citizens Advice Services Corby & Kettering and for ensuring that the Charity satisfies its legal and contractual obligations. Trustees meet, as a minimum, quarterly and delegate the day-to-day operation of the organisation to senior management.  The Trustee Board is independent from management. 

## **Major Risks** 



Citizens Advice Services Corby & Kettering has carried out a risk assessment and a risk strategy has been agreed which is incorporated in the Organisation’s Business and Development Plan.  The Trustees recognise that any major risks to which the Charity might be exposed need to be reviewed and systems put in place to mitigate those risks. 

Included in external risks is that of the loss of funding which is becoming increasingly difficult to replace.  The Charity strives to minimize exposure through securing funding from diverse donors 

Signed on behalf of the Trustees 

D Egan, Secretary 

Date  ……………………………………. 2021 



Page 5 

## **CITIZENS ADVICE SERVICES CORBY & KETTERING** 

## **INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF CITIZENS ADVICE SERVICES CORBY & KETTERING** 

I report on the accounts of the company for the year ended 31 March 2021 which are set out on pages 6 to 14. 

## **Respective responsibilities of trustees and examiner** 

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts.  The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.  The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of The Institute of Chartered Accountants England and Wales. 

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to: 

- examine the accounts under section 145 of the 2011 Act; 

- follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and 

- state whether particular matters have come to my attention. 

## **Basis of independent examiner's report** 

My examination was carried out in accordance with the general Directions given by the Charity Commission.  An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records.  It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations  from  you  as  trustees  concerning  any  such  matters.   The  procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below. 

## **Independent examiner's statement** 

In connection with my examination, no matter has come to my attention: 

- 1 which  gives me  reasonable  cause  to believe  that, in any  material  respect,  the requirements: 

   - to keep accounting records in accordance with section 386 of the Companies Act 2006; and 

   - to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or 

- 2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. 

P Tyler 

Date: 



……………………………. 2021 Chartered Accountant (ICAEW) Azets Thorpe House 93 Headlands KETTERING Northamptonshire NN15 6BL 



Page 6 

## **CITIZENS ADVICE SERVICES CORBY & KETTERING** 

## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2021** 

|Notes|Unrestricted||Restricted|Restricted||Total|Total|
|---|---|---|---|---|---|---|---|
||UndesignatedDesignatedIncome FundsFunds||||||Funds|
||Funds|Funds||31.03.21|31.03.21<br>31.03.20|||
|INCOMING RESOURCES|2|||||||
|INCOME AND ENDOWMENTS|FROM:|||||||
|Donations and legacies<br>2A|7,394|-||-||7,394|33,828|
|Investments<br>2B|95|-||-||95|908|
|Charitable activities<br>2C|9,630|-||404,062||413,692|373,392|
|Total Income and Endowments||17,024||-||404,062|421,181|
|408,128||||||||
|RESOURCES EXPENDED3||||||||
|Expenditure on charitable||||||||
|activities|-|-||352,842||352,842|368,987|
|Total expenditure|-|-||352,842||352,842|368,987|
|NET INCOMING/(EXPENDITURE)||||||||
|BEFORE TRANSFERS|17,119|-||51,220||68,339|39,141|
|Exceptional income<br>15|28,414|-||-||28,414|-|
|NET MOVEMENT IN FUNDS||45,533||-||51,220|96,753|
|39,141||||||||
|Total funds brought forward||68,229||190,000||48,785|307,014|
|267,873||||||||
|Total funds carried forward|£113,762|£190,000||£100,005||£403,767|£307,014|



There were no endowment funds for the year. 

There were no recognised gains or losses for the period to 31 March 2021 other than those included in the Statement of Financial Activities. 

All activities were continuing during the period. 



The notes on pages 8 to 14 form part of these accounts 



Page 7 

## **CITIZENS ADVICE SERVICES CORBY & KETTERING** 

## **BALANCE SHEET AT 31ST MARCH 2021** 

**Notes 2021 2020 FIXED ASSETS** Tangible assets 7 - - **CURRENT ASSETS** Debtors 8 5,125 4,269 Cash at bank and in hand 477,879 421,263 483,004 425,532 **CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** 9 (79,237) (118,518) **NET CURRENT ASSETS** 403,767 307,014 **TOTAL ASSETS LESS CURRENT LIABILITIES** 10 £403,767 £307,014 **THE FUNDS OF THE CHARITY: UNRESTRICTED FUNDS** 11 113,762 68,229 **DESIGNATED      FUNDS** 11 190,000 190,000 **RESTRICTED FUNDS** 12 100,005 48,785 **TOTAL CHARITY FUNDS** £403,767 £307,014 

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021. 

The  members  have  not  required  the  charitable  company  to  obtain  an  audit  of  its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006. 

The trustees acknowledge their responsibilities for 

- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and 

- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. 

These  financial  statements  have  been  prepared  in  accordance  with  the  special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies 



and with the Financial Reporting Standard 102 (FRS 102). 

The financial statements were approved by the Board of Trustees on ………………… 2021 and were signed on its behalf by: 

P Clarke 

Notes on pages 8 to 14 form part of these financial statements. 



Page 8 

## **CITIZENS ADVICE SERVICES CORBY & KETTERING** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021** 

## **1.ACCOUNTING POLICIES** 

The following accounting policies have been used consistently in dealing with items which are considered material in relation to the Charity's financial statements. 

## **Accounting convention** 

The financial statements have been prepared under the historical cost convention and in accordance with the Companies Act 2006 and the requirements of the Statement of Recommended Practice (SORP FRS 102), Accounting and Reporting by Charities. 

## **ASSETS** 

## **Tangible Fixed Assets for use by Charity** 

Fixed assets are recorded at cost or, in cases where fixed assets have been donated to Citizens Advice Services Corby & Kettering at the original cost to that Charity. 

## **Depreciation** 

Depreciation has been provided at the following rates in order to write down cost or valuation, less estimated residual value, of all tangible fixed assets by equal annual instalments over their expected useful lives. 

Furniture 25% Reducing balance Equipment 33⅓% Straight line 

## **INCOMING RESOURCES** 

## **Recognition of incoming resources** 

These are included in the Statement of Financial Activities (SoFA) when: 

- the Charity becomes entitled to the resources; 

- the Trustees are virtually certain they will receive the resources; and 

- the monetary value can be measured with sufficient reliability. 

## **Incoming resources with related expenditure** 

Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resources and related expenditure are reported gross in the SoFA. 

## **Grants and donations** 

Grants and donations are only included in the SoFA when the Charity has unconditional entitlement to the resources. 

## **Contractual income and performance related grants** 

This is only included in the SoFA once the related goods or services have been delivered. 

## **Gifts in kind** 

Gifts in kind are accounted for at a reasonable estimate of their value to the Charity or the amount actually realised. 

Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the Charity. 



Gifts in kind for use by the Charity are included in the SoFA as incoming resources when receivable. 



Page 9 

## **CITIZENS ADVICE SERVICES CORBY & KETTERING** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021** 

## **Donated services and facilities** 

These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the Charity is reasonably quantifiable, measurable and material.  The value placed on these resources is the estimated value to the Charity of the service or facility received. 

## **Volunteer help** 

The value of any voluntary help received is not included in the accounts but is described in the Trustees' annual report. 

## **Investment income** 

This is included in the accounts when receivable 

## **EXPENDITURE AND LIABILITIES** 

## **Liability recognition** 

Liabilities  are  recognised  as  soon  as  there  is  a  legal  or  constructive  obligation committing the Charity to pay out resources. 

## **Governance costs** 

Include costs of the preparation and examination of statutory accounts, the costs of trustee  meetings and  cost of any  legal  advice  to  Trustees  on  governance  or constitutional matters. 

## **Grants with performance conditions** 

Where the Charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output. 

## **Grants payable without performance conditions** 

These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the Charity. 

## **Value Added Tax** 

As the majority of Citizens Advice Services Corby & Kettering's activities are classified as exempt or non-business activities for the purposes of value added tax, Citizens Advice Services Corby & Kettering is unable to reclaim any value added tax which it suffers on its purchases 

## **Taxation** 

No  provision  has  been  made  for  corporate  tax  or  deferred  tax  as  the  charitable organisation is a registered Charity and is, therefore, exempt from taxation. 



Page 10 

## **CITIZENS ADVICE SERVICES CORBY & KETTERING** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021** 

|**2.**|**ANALYSIS OF INCOMING RESOURCES**|**ANALYSIS OF INCOMING RESOURCES**||||
|---|---|---|---|---|---|
||||2021||2020|
||**2A   VOLUNTARY INCOME**||£||£|
||Donations and legacies|||£7,394||
||£33,828|||||
||**2B   INVESTMENT INCOME**|||||
||Interest received||£  95||£   908|
||**2C   INCOMING RESOURCES FROM CHARITABLE ACTIVITIES**|||||
||Unrestricted||Restricted|||
||Funds||Funds|Total|Total|
||2021||2021|2021|2020|
||£||£|£|£|
||Awards for All|-|8,000|8,000|-|
||Big Local|-|19,801|19,801|18,278|
||Defra|-|8,700|8,700|-|
||Corby Borough Council||-|28,000|28,000|
||28,000|||||
||NESS (Warm Homes)||-|44,485|44,485|
||44,468|||||
||Henry Smith|-|42,400|42,400|41,200|
||Corby Borough Council Homelessness|-|19,367|19,367|19,367|
||Kettering Borough Council|-|80,000|80,000|80,000|
||KBC Housing|-|30,000|30,000|30,000|
||CITA Energy Funds||-|11,335|11,335|
||6,450|||||
||CITA - Universal Credit||-|98,249|98,249|
||95,629|||||
||Other|9,630|13,725|23,355|10,000|
||£9,630||£404,062|£413,692||



£373,392 



Page 11 

## **CITIZENS ADVICE SERVICES CORBY & KETTERING** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021** 

|**3.**<br>**ANALYSIS OF RESOURCES EXPENDED**<br>Unrestricted<br>Funds<br> 2021<br>**3  CHARITABLE ACTIVITIES**<br>£<br>Volunteer and travel expenses<br>-<br>Training and conference fees<br>-<br>Rent, rates and utilities<br>17,265<br>Citizens Advice Membership<br>-<br>Wages and salaries (note 4)<br>-<br>Telephone<br>-<br>Printing, postage and stationery<br>-<br>IT equipment<br>-<br>Independent examiners fee<br>-<br>£   -<br>**4.**<br>**EMPLOYEES**<br>Staf costs were as follows:-<br>Gross wages, salaries and benefts in kind<br>284,005<br>Employer's national insurance costs<br>Pension<br>Staf numbers were as follows:-<br>Management<br>Other<br>All relate to work on Charitable Activities<br>15||Restricted<br>Funds<br>2021<br>£<br>11,639<br>5,129<br>-<br>7,094<br>299,094<br>5,863<br>5,196<br>10,820<br>2,850<br>£352,842<br>2021<br>£<br>17,688<br>4,015<br>£299,094<br>2021<br>3<br>11|Total<br>2021<br>£<br>11,639<br>5,129<br>5,157<br>7,094<br>299,094<br>5,863<br>5,196<br>10,820<br>2,850<br>£352,842<br>277,391<br>14|Total<br>2021<br>£<br>11,639<br>5,129<br>5,157<br>7,094<br>299,094<br>5,863<br>5,196<br>10,820<br>2,850<br>£352,842<br>277,391<br>14|Total<br>2021<br>£<br>11,639<br>5,129<br>5,157<br>7,094<br>299,094<br>5,863<br>5,196<br>10,820<br>2,850<br>£352,842<br>277,391<br>14|Total<br>2020<br>£<br>14,141<br>2,246<br>5,157<br>8,809<br>306,598<br>5,827<br>6,740<br>-<br>2,760<br>£368,987<br>2020<br>£<br>18,888<br>3,705<br>£306,598<br>2020<br>3<br>12|
|---|---|---|---|---|---|---|
||||||||
||||||||
||||||||
||||||||
||||||||



There were no ‘high paid’ staff in the year.  ‘High paid’ is currently defined in statute as being £60,000 per annum. 

## **5. TRUSTEES** 

|2021<br>£|2020|
|---|---|
||£|





Out of pocket expenses reimbursed to Trustees:Number of Trustees who were paid expenses 

- 

- 



Page 12 

## **CITIZENS ADVICE SERVICES CORBY & KETTERING** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021** 

|**6.**<br>**FEES FOR INDEPENDENT EXAMINATION**<br>2021<br>£<br>Independent examiner’s fees for reporting on the accounts<br>£2,850<br>£2,760<br>**7.**<br>**TANGIBLE FIXED ASSETS**<br>**Furniture and**<br>**Equipment**<br>COST<br>£<br>At 1 April 2020<br>26,881<br>Additions<br>-<br>Disposals<br>-<br>At 31st March 2021<br>26,881<br>DEPRECIATION<br>At 1 April 2020<br>26,881<br>Charge for year<br>-<br>Eliminated on Disposal<br>At 31st March 2021<br>26,881<br>NET BOOK VALUE<br>At 31st March 2021<br>£      -<br>At 31st March 2020<br>£      -<br>**8.**<br>**DEBTORS**<br>2021<br>£<br>£5,125<br>£2,785<br>**9.**<br>**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>2021|||2020<br>£<br>**Total**<br>£<br>26,881<br>-<br>-<br>26,881<br>26,881<br>-<br>--<br>26,881<br>£      -<br>£      -<br>2020<br>£<br>2020|
|---|---|---|---|
|||||
|||||
|||||
|||||
|||||
|||||
|||||
|||||





Other creditors £118,518 

£ £ £79,237 

` 



Page 13 

## **CITIZENS ADVICE SERVICES CORBY & KETTERING** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021** 

## **10. ANALYSIS OF NET ASSETS BETWEEN FUNDS** 

|Tangible fxed assets<br>Current assets<br>Current liabilities<br>Net assets at 31st March 2021|General<br>Designated<br>Restricted<br>Funds<br>Funds<br>Funds<br>£<br>£<br>£<br>-<br>-<br>-<br>113,762<br>190,000<br>236,070<br>-<br>-<br>(79,237)<br>113,762<br>190,000<br>100,005|Total<br>Funds<br>£<br>-<br>483,004<br>(79,237)<br>403,767|
|---|---|---|
||||



## **11. UNRESTRICTED FUNDS** 

|General purpose fund<br>-   undesignated<br>Designated funds|01.04.20<br>Incoming<br>Outgoing<br>£<br>£<br>£<br>68,229<br>45,533<br>-<br>190,000<br>-<br>-<br>£258,229<br>£17,024<br>£   -||Transfer<br>31.03.21<br>£<br>£<br>-<br>113,762<br>-<br>190,000<br>£   -<br>£275,253|
|---|---|---|---|
||||£<br>-<br>-<br>£   -|
|||||



The level of designated funds are set by the Trustees on an annual basis after due consideration  of  likely  future  expenditure.   As  such  the  Trustees  decide  upon allocations to or from designated funds. 

- At 31 March 2021 the Trustees had allocated the designated funds as follows: 

   - Redundancy costs (in the event the charity ceased)£100,000 

   - 3 months operating costs 

£90,000 

## **12. RESTRICTED FUNDS** 

|01.04.20<br>£<br>Awards for All<br>-<br>Big Local<br>3,710<br>Defra<br>-<br>Corby Borough Council (CBC) -<br>CBC Homelessness<br>-<br>Henry Smith<br>8,960<br>Kettering Borough Council (KBC)<br>1,993<br>KBC Housing<br>-<br>CITA Energy Fuels<br>-<br>CITA - Universal Credit<br>1,738<br>NESS<br>4,206<br>Other<br>30,171|Incoming<br>£<br>8,000<br>19,801<br>8,700<br>28,000<br>19,367<br>42,400<br>-<br>30,000<br>11,335<br>98,249<br>44,485<br>13,725|Outgoing<br>Transfers<br>31.03.21<br>£<br>£<br>£<br>8,000<br>-<br>-<br>17,603<br>-<br>5,908<br>-<br>-<br>8,700<br>25,973<br>-<br>2,027<br>19,300<br>-<br>67<br>43,559<br>-<br>7,801<br>80,000<br>78,007<br>-<br>29,025<br>-<br>975<br>-<br>-<br>11,335<br>99,987<br>-<br>-<br>31,388<br>-<br>17,303<br>-<br>-<br>43,896|
|---|---|---|





£48.785 £404.062 £352,842
£100.005

Page 14 

## **CITIZENS ADVICE SERVICES CORBY & KETTERING** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 31ST MARCH 2021** 

## **12. RESTRICTED FUNDS (continued)** 

- Big Local provided funding for outreach worker within the Corby Kingswood and Hazelwood Community Centres 

- CBC Homelessness provide funding to support a part-time financial inclusion worker 

- Corby Borough Council provide funding to support the core service and also specialist benefits advice 

- Kettering Borough Council provide funding to support the core service and also specialist debt advice 

- Energy funding relates to providing support for consumers to ensure that energy best deals are being identified 

- Kettering Borough Council Housing provide funding for homelessness prevention work 

- Citizens Advice provide funding for the Help to Claim project for workers delivering support for claimants of Universal Credit 

- Community Law Service provide funds for NESS, an energy project advising clients on best energy tariffs an energy saving in general 

## **13. DONATED FACILITIES** 

Corby Borough Council (CBC) provides premises (and associated utilities) to the charity at no charge. Kettering Borough Council (KBC) also provides premises to the charity at no charge.  The Trustees recognising this valuable contribution to the charity’s activities, but as a donated facility, its commercial value should not be reflected in these accounts. 

## **14. TRANSACTIONS WITH RELATED PARTIES** 

Other than as described in Note 5, there are no transactions with related parties during the year. 

## **15. EXCEPTIONAL INCOME** 

Included within  the accounts for the  year  ended 31  March 2021  is exceptional income of £28,414 which relates to the release of a provision for the repayment of a grant which is no longer required.