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2023-03-31-accounts

Charity registration number 1121196

Company registration number 06317053 (England and Wales)

BROXBOURNE CITIZENS ADVICE BUREAU ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

BROXBOURNE CITIZENS ADVICE

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees D. Smith
A.M. Clarke
S.E. Norgrove (Appointed 25 October 2022)
R.M. Spiers (Appointed 7 June 2023)
Chief Executive Officer M. Mansour
Charity number 1121196
Company number 06317053
Principal address The Hub
275 Holdbrook Court
Holdbrook South
Waltham Cross
Herts
EN8 7SL
Registered office 28 Plumpton House
Plumpton Road
Hoddesdon
Hertfordshire
EN11 0LB
Independent examiner HB Accountants
28 Plumpton House
Plumpton Road
Hoddesdon
Hertfordshire
EN11 0LB
Bankers HSBC
34 Broad Walk
Harlow
CM20 1JA

BROXBOURNE CITIZENS ADVICE

CONTENTS

Page
Trustees' report 1 - 4
Independent examiner's report 5
Statement of financial activities 6 - 7
Balance sheet 8
Notes to the financial statements 9 - 16

BROXBOURNE CITIZENS ADVICE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2023

The trustees present their annual report and financial statements for the year ended 31 March 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's memorandum and articles of association, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement 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)” (as amended for accounting periods commencing from 1 January 2016)

Objectives and activities

The charity's objects are to promote any charitable purpose for the public benefit by the advancement of education, the protection and preservation of health and the relief of poverty, sickness and distress in particular, but without limitation, for the benefit of the community in Broxbourne and surrounding areas.

Vision: The charity seeks a future where the residents of Broxbourne are well informed and sufficiently confident to address their own advice needs and without the need for third party advocacy or representation.

Mission: The charity provides free, independent, confidential and impartial advice and advocacy to the residents of Broxbourne.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance

Citizens Advice Broxbourne continued to deliver support and advice to the residents of Broxbourne, Hoddesdon, Cheshunt and Waltham Cross. At the start of the year, we were delivering advice by telephone and limited face-to-face appointments at the Holdbrook Hub in Waltham Cross and Wormley Community Centre, in partnership with Wormley and Turnford Big Local (WTBL).

As the year progressed and due to flooding in Holdbrook Hub in Waltham Cross, we enhanced our outreach model to operate face-to-face advice appointments in different locations. We took steps to increase the locations where we offer face-to-face client appointments, and in June we started extensive outreach face-to-face advice at the Council rooms in Broxbourne District Council offices, Hoddesdon Library and CVSBEH offices in Waltham Cross. Thanks to contributions from Broxbourne District Councils and Shanly Foundation who made it possible for us to expand our outreach service.

As our advisers moved on to use the national Citizens Advice telephone platform Adviceline, using a dedicated freephone number for Broxbourne residents. This improved access to our service because outside the hours worked by our advisers, calls can be answered on the same number by other local Citizens Advice offices or the national backup centres. Clients may receive immediate help, but if they need local advice they are referred on to us for a call back. Some of our advisers also take calls for other Citizens Advice offices and we participate in responses to emails in the national queue, as part of our Citizens Advice membership commitment.

Although the majority of our advice continues to be delivered by telephone, we can now provide face-to-face advice where this is needed, and thanks to funding from the National Lottery Awards for All, we will be developing other channels, including video and email advice, over the next year.

Personnel

The organisation continues to be led by an active trustee board which holds bi-monthly meetings. Following the resignation of previous CEO, the charity has been led by an interim-CEO Maxine Bromyard. The trustee board reviewed the organisation’s financial position and decided that we would need a CEO for a minimum of four days per week to fulfil the role effectively.

With no immediate replacement for the CEO, the decision was taken by the Board to form a three-way senior management team to lead the operational activity and plan for the future. The team consisted of Gillie White, Charity Advice and Operations Manager; Maxine Bromyard, Charity Business Manager and Neil Thomas, Chair. Citizens Advice Broxbourne continued to function well during this period with outputs improving and the numbers of clients increasing.

With support from Broxbourne District Council and the investment in a Business Development Manager, which has been a successful endeavor. We have been able to secure multi-year funding from Henry Smith and National Lottery to recruit a new chief executive officer and enhance our specialist advice service staffing.

BROXBOURNE CITIZENS ADVICE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

In May we made contact with Broxbourne Borough Council and were given the opportunity to present our forward strategy and outputs. We met virtually with Jeff Stack, CEO, and Sandra Beck, Director of Finance. Our aim was to secure additional core funding in the region of £50,000 per annum to enable us to recruit a new CEO. Unfortunately, the Council were unable to make that commitment, but did agree to our other suggestion of part-funding a Business Development Manager (BDM) with additional funding of £40,000 over 18 months. Karyn Jones was appointed as our BDM and started work with us in September.

To prepare for the future, we needed to update our strategic plan. We were assisted in this task by the Strategic Change Consultant from Citizens Advice. We held an “away day” at the Hub in Waltham Cross during November, including the trustee board and representatives from volunteers and paid staff. The day was well structured, with inputs from everyone. The output was a fourpoint plan for the next three years focusing on the four cornerstones of service delivery, fund raising, governance and equality and diversity. The plan has been crafted into a document that is published on our website and revisited in sections at each Board meeting.

In January, the Board met to consider the next stage in our development. With reference to the strategic plan, we decided to recruit internally for a new CEO on a 12 month contract. This was in no small way due to the success Karyn had in securing extra funding, which increased confidence in future bids. The Board approved the use of some of the reserves to be used in the event that the projected funds didn’t materialise. Maxine Bromyard was appointed as our new CEO and commenced her duties in February.

Governance

At the end of 2021 Citizens Advice Broxbourne carried out a leadership self-assessment (LSA) exercise. This is a requirement of our membership of national Citizens Advice. It consists of a rigorous audit that examines nine different areas of leadership and helps the trustees to measure how well they, and the organisation are performing. It also identifies where improvements can be introduced. This year the LSA was in Year 2 of a 3-year cycle and consisted of a telephone review following the submission of reports compiled by the senior management team and Board. The assessment was good overall, but updates were required in two specific areas. These were addressed, and following an additional call, Citizens Advice Broxbourne scored yellow in both Leadership and Equality Leadership, indicating that we had fully met the standard and are passported to external quality marks.

Advice Giving

In the year to 31 March 2023, CA Broxbourne delivered free, independent, impartial and confidential advice and casework support to 1,614 clients. This entailed dealing with 6947 separate issues. The service is quality assured and advice has been given on many topics, mainly housing, debt, benefit and tax credits, universal credit, financial services and capability, relationships and family, legal advice, health and social care, consumer and immigration. The provision of such advice has generated a financial benefit of approaching £ 883,127 to Broxbourne residents.

Principal Funding Sources

The major sources of funding during 2022–2023 for the operations of Citizens Advice Broxbourne are Broxbourne Council, B3 Living Ltd., Hertfordshire County Council (Crisis Prevention via the Hertfordshire Citizens Advice Service HCAS), Henry Smith, National Lottery, and the Postcode Places Trust, to all of whom we are extremely grateful.

During the year, there were some changes to the trustee board. In November 2022, Neil Thomas, who had served as chair for almost two years, resigned. In February 2023, Treasurer Sajad Manzoor resigned. Selina Norgrove, has been appointed in October 2022 and has become the chair of the board in November 2022. Active recruitment is ongoing for new trustees to develop the board’s capacity.

A huge thanks goes out to each and every one of our staff and volunteers who continue to give so much time and dedication to delivery of a quality service for the people of Broxbourne.

BROXBOURNE CITIZENS ADVICE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

Financial review

Income increased from £232,848 in the year to 31 March 2022 to £235,524. Short-term funding to assist through the Covid pandemic in 2020-21 ended and was partly replaced by additional funding from Hertfordshire County Council through HCAS to help clients through the Covid recovery period, particularly during the winter months.

As well as £30,000 core funding, the £20,000 BDM grant and a further £7,500 Covid Recovery grant from Broxbourne Borough Council, the charity received income from the ICS for Cost of Living Adviser via HCAS, B3Living, Hertfordshire County Council Crisis Prevention (via HCAS), Citizens Advice (Core Service Expansion), the Police and Crime Commissioner, Hertfordshire Community Foundation, the Henry Smith Charity and the National Lottery Innovation and Leadership fund.

Expenditure totalled £233,843 in the year to 31 March 2022 compared to £190,531 for the previous year, the increase primarily due to the employment of the BDM from September and a ongoing employment for specialist advisers under the Henry Smith charity project for our specialist housing and debt advisers, offset by reduced spending on infrastructure following the Covid remote working setup period.

As a result of income exceeding expenditure, fund balances increased by £1,681 to 204,586in the year to 31 March 2023.

The trustees have determined to retain a minimum level of reserves to meet unexpected events (such as a significant loss of funding). The amount of reserves has been calculated as a proportion to cover restructure and redundancy costs and the remaining amount to maintain the service as a going concern while applying for replacement funding. The trustees consider that a level of between 4 and 6 months of operating costs, based on the average monthly expenditure in the 2021-22 accounts, should be held in reserve.

The higher reserves policy figure at 31st March 2023, based on average monthly expenditure in 2022-23, equates to £116,922. At the same date, general unrestricted funds were £135,968. Subtracting the fixed assets of £5,646 gives net unrestricted reserves of £130,322 which exceeds the higher reserves policy by around 14%. Trustees consider this is acceptable in the face of continuing uncertainty over future levels of core funding.

Aside from retaining reserves each year, most of the charity’s funds are spent on its charitable aims and there are no funds for long term investment. Cash flows are proactively managed to maximise the benefit of short and medium term interest accounts.

The charity has a risk management strategy which comprises of:

(i) An annual review of risks which the charity may have to face;

(ii) The establishment of systems and procedures to mitigate those risks; and

(iii) The implementation of procedures designed to report on and minimise any potential impact on the charity should any of those risks materialise.

Structure, governance and management

The charity is a recognised charity and is a company limited by guarantee.

BROXBOURNE CITIZENS ADVICE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

D. Smith N. Thomas (Resigned 30 November 2022) A.M. Clarke S. Manzoor (Resigned 3 February 2023) S.E. Norgrove (Appointed 25 October 2022) R.M. Spiers (Appointed 7 June 2023)

The charity conforms to the Citizens Advice national service recruitment process and newly elected trustees attend induction training offered by Citizens Advice and thereafter are actively encouraged to attend further training sessions. They are also encouraged to attend and participate in the national AGM and other forums where they can take part in discussions about the direction of the service nationally.

All serving trustees are required to declare actual or potential conflicts of interest. Records of these are maintained by the company secretary. Skills audits of the Board are regularly carried out to ensure that the Board continues to maintain and develop the necessary knowledge and experience required to effectively fulfil its legal and strategic functions.

The charity is governed by a Board of Trustees which formally meets regularly during the year and also communicated by email, with decisions ratified by full board meetings. There is also an executive committee to support the strategic management of the charity.

The Chief Executive Officer of the organisation is appointed by the trustees to manage the day-to-day operations of the charity. The Chief Executive Officer’s pay is set and reviewed by the trustee board, using a benchmark against pay levels in other Local Citizens Advice offices of a similar size across the network. The current Chief Executive Officer is M. Mansour.

The trustees' report was approved by the Board of Trustees.

.............................. D. Smith Trustee 31/01/2023 Date: .............................................

BROXBOURNE CITIZENS ADVICE

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF BROXBOURNE CITIZENS ADVICE BUREAU

I report to the trustees on my examination of the financial statements of Broxbourne Citizens Advice Bureau (the charity) for the year ended 31 March 2023.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

HB Accountants

28 Plumpton House Plumpton Road Hoddesdon Hertfordshire EN11 0LB

31/01/2023

Dated: .........................

BROXBOURNE CITIZENS ADVICE

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2023

Current financial year
Income from:
Notes
Donations and legacies
3
Charitable activities
4
Investments
5
Total income
Expenditure on:
Charitable activities
6
Net (expenditure)/income for the year/
Net movement in funds
Fund balances at 1 April 2022
Fund balances at 31 March 2023		 Unrestricted
funds
general
Unrestricted
funds
designated
Restricted
funds
2023
£
2023
£
2023
£
1,091
-
-
90,378
-
143,260
795
-
-
92,264
-
143,260
126,035
-
107,808
(33,771)
-
35,452
114,739
55,000
33,166
80,968
55,000
68,618		 Total
2023
£
1,091
233,638
795
235,524
233,843
1,681
202,905
204,586		 Total
2022
£
10,457
222,368
23
232,848
190,531
42,317
160,588
202,905

The statement of financial activities includes all gains and losses recognised in the year.

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

BROXBOURNE CITIZENS ADVICE

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2023

Prior financial year
Income from:
Notes
Donations and legacies
3
Charitable activities
4
Investments
5
Total income
Expenditure on:
Charitable activities
6
Net (outgoing)/incoming resources before transfers
Gross transfers between funds
Net (expenditure)/income for the year/
Net movement in funds
Fund balances at 1 April 2021
Fund balances at 31 March 2022		 Unrestricted
funds
general
Unrestricted
funds
designated
Restricted
funds
2022
£
2022
£
2022
£
10,457
-
-
73,121
-
149,247
23
-
-
83,601
-
149,247
43,460
-
147,071
40,141
-
2,176
(36,935)
25,000
11,935
3,206
25,000
14,111
111,533
30,000
19,055
114,739
55,000
33,166		 Total
2022
£
10,457
222,368
23
232,848
190,531
42,317
-
42,317
160,588
202,905

BROXBOURNE CITIZENS ADVICE

BALANCE SHEET

AS AT 31 MARCH 2023

2023
Fixed assets 2022
Notes £ £
£ £
Tangible assets 11 5,646 6,241
Current assets
Debtors 12 - 12,396
Cash at bank and in hand 236,930 193,907
Creditors: amounts falling due within one 13 236,930 206,303
year 37,990 9,639
Net current assets 198,940 196,664
Total assets less current liabilities 204,586 202,905
The funds of the charity
Restricted income funds 14 68,618 33,166
Unrestricted funds - general 80,968 114,739
Unrestricted funds - designated 55,000 55,000
204,586 202,905

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2023.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

31/01/2023

The financial statements were approved by the trustees on .........................

..............................

D. Smith Trustee

Company registration number 06317053 (England and Wales)

BROXBOURNE CITIZENS ADVICE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

Charity information

Broxbourne Citizens Advice Bureau is a private company limited by guarantee incorporated in England and Wales.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's articles of association, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement 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)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid is recognised at the time of the donation.

1.5 Expenditure

Expenditure is accounted for on an accruals basis.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings

33% reducing balance

BROXBOURNE CITIZENS ADVICE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

1 Accounting policies (continued)

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest 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 presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

BROXBOURNE CITIZENS ADVICE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

1 Accounting policies (continued)

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and legacies

Unrestricted Unrestricted
funds funds
general general
2023 2022
£ £
Donations and gifts 1,091 10,457
Charitable activities
2023 2022
£ £
Services provided under contract 203,638 192,368
Core grant 30,000 30,000
233,638 222,368
Analysis by fund
Unrestricted funds - general 90,378 73,121
Restricted funds 143,260 149,247
233,638 222,368

4 Charitable activities

5 Investments

Unrestricted Unrestricted
funds funds
2023 2022
£ £
Interest receivable 795 23

BROXBOURNE CITIZENS ADVICE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

6 Charitable activities

Staff costs
Depreciation and impairment
Staff and volunteer expenses
Office
Other
Share of support costs (see note 7)
Share of governance costs (see note 7)
Analysis by fund
Unrestricted funds - general
Restricted funds
7
Support costs allocated to activities
Staff costs
Depreciation
Staff and volunteer expenses
Office
Premises
Other
Governance costs		 2023
£
139,630
3,315
6,834
11,597
4,168
165,544
65,700
2,599
233,843
126,035
107,808
233,843
2023
£
38,898
-
2,146
21,884
1,511
1,261
2,599
68,299		 2022
£
91,345
-
41
6,672
2,066
100,124
87,659
2,748
190,531
43,460
147,071
190,531
2022
£
66,645
3,076
435
15,967
945
591
2,748
90,407

None of the trustees (or any persons connected with them) received any remuneration from the charity during the year.

8 Trustees

BROXBOURNE CITIZENS ADVICE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

9 Employees

Number of employees

The average monthly number of employees during the year was:

Chief executive
Manager
Advisors
Administration
Community engagement and fundraising
Employment costs
Wages and salaries
Social security costs
Other pension costs		 2023
Number
2022
Number
1
1
1
-
7
7
1
1
1
-
11
9
2023
£
2022
£
167,651
147,374
6,765
6,361
4,112
4,255
178,528
157,990

There were no employees whose annual remuneration was £60,000 or more.

10 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

BROXBOURNE CITIZENS ADVICE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

11
Tangible fixed assets
Cost
At 1 April 2022
Additions
At 31 March 2023
Depreciation and impairment
At 1 April 2022
Depreciation charged in the year
At 31 March 2023
Carrying amount
At 31 March 2023
At 31 March 2022
12
Debtors
Amounts falling due within one year:
Prepayments and accrued income
13
Creditors: amounts falling due within one year
Trade creditors
Other creditors
Accruals and deferred income		 Fixtures and
fittings
£
42,704
2,720
45,424
36,463
3,315
39,778
5,646
6,241
2023
2022
£
£
-
12,396		 Fixtures and
fittings
£
42,704
2,720
45,424
36,463
3,315
39,778
5,646
6,241
2023
2022
£
£
1,004
-
958
771
36,028
8,868
37,990
9,639

BROXBOURNE CITIZENS ADVICE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

14 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

B3Living
Crisis Intervention
Covid Recovery
Hoddesdon Library
Scams Awareness
Wormley and Turnford Big Local
BEIS Remote Equipment
Awards for All
Postcode Places Trust
Henry Smith: Specialist Advisers
National Lottery
CitA Expand Core funding
HCAS: Cost of Living
Previous year:
B3Living
Crisis Prevention
Covid Recovery
Help to Claim
Scams Awareness
Money and Pensions Service
BEIS Equipment
Vaccine Inequality
Fuel Top-ups
Awards for All
Postcode Places Trust
BoB Covid		 At 1 April 2022
Incoming
resources
Resources
expended
Transfers
At 31 March
2023
£
£
£
£
£
-
15,000
(14,314)
-
686
2,847
29,270
(28,768)
-
3,349
2,234
-
(479)
-
1,755
-
5,000
(2,838)
-
2,162
5,000
-
(5,872)
-
(872)

-
6,597
(6,825)
-
(228)
1,559
-
(463)
-
1,096
7,279
-
(5,008)
-
2,271
14,247
-
(15,409)
-
(1,162)
-
29,450
(4,890)
-
24,560
-
33,418
(13,981)
-
19,437
-
15,000
-
-
15,000
-
9,525
(8,961)
-
564
33,166
143,260
(107,808)
-
68,618
At 1 April 2021
Incoming
resources
Resources
expended
Transfers
At 31 March
2022
£
£
£
£
£
2,414
15,000
(25,222)
7,808
-
5,014
28,034
(30,201)
-
2,847
9,063
-
(6,829)
-
2,234
-
18,088
(18,586)
498
-
-
5,000
-
-
5,000
-
41,436
(44,494)
3,058
-
2,564
-
(1,005)
-
1,559
-
5,000
(5,509)
509
-
-
2,000
(2,000)
-
-
-
9,412
(2,133)
-
7,279
-
17,777
(3,530)
-
14,247
-
7,500
(7,562)
62
-
19,055
149,247
(147,071)
11,935
33,166

BROXBOURNE CITIZENS ADVICE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

15 Analysis of net assets between funds

Analysis of net assets between funds
Fund balances at 31 March 2023 are
represented by:
Tangible assets
Current assets/(liabilities)		 General funds
Designated
funds
Restricted
funds
2023
2023
2023
£
£
£
5,646
-
-
75,322
55,000
68,618
80,968
55,000
68,618		 Total
2023
£
5,646
198,940
204,586		 Total
2022
£
6,241
196,664
202,905

16 Related party transactions

There were no other disclosable related party transactions during the year (2022 - none).