Sudbury & District CitizensAdvice (A company limited by guarantee) Unaudited Report& Financial Statements Year ending 31 March 2022 Charity number: 1123466 Company number: 6051096
Sudbury & District Citizens Advice {A company limlted by guarantee) Report & Financial Statements Year ending 31 March 2022 Page Report of the Irustees lincluding Directors, Report} forthe year ending 31 March 2022 Independent examinerfs report lo the Iru8t8&8 forthg year ending 31 March 2022 Slalemenl of financial activilies lincluding income and expenditure account) for the year ending 31 March 2022 Balance sheet as at 31 March 2022 10 Statement of cash flows forthe year ending 31 March 2022 11 Notes lo the financlal slalemenls 12
Sudbury & Dlstrict Citizens Advice Report of the trusteos (including Dlrectors. Roport) for tho year ending 31 March 2022 The Trustees (tho are also the Directors of the Company for the purposes of company lawl are pleased tts presant their annual directors. report together with Ihg financial slatamanls of tho charity for the year ending 31 March 2022 which are also prepared to meet the wuir¢ments for a direcloTS' report and accounts for Companies Act purposes. The financial statements comply wth the Charities Act 2011. the Companies Act 2006. the Memorandum and Articles of Association, and the Charities Statement of Recomrnended Pwtice I"Charities SORP") (applicable lo charflles preparing their accounts in accoanCe with the Financial ReportSng Standard applicable in the UK and Republic of Ireland,. IFRS 1021 issued in October 2019. CHAIR'SREPORT OWECTIVES AND ACTIVITIES Obj•cti¥8s and aims ft>r the public ben¢fit The principal objectlves of the charlly. as sel out In the Memorandum of Assoclallon, are lo promote any charitable purpose for the benelil of the comfnunily in Sudbury and the surrounding a8$ by the advancgment of education. the protection ar preservation of health and the relief of poverty, Sick$$ and dlsliess". The board confirm that they have referred to the guidance contained in the Cha¥ily CommiSSK)ns general guid8nce on public benefit when reviewir@ the charity's aims and objectives and in planning future activities. The charity carries out these objectives through the involvement of our staff and Voluntee in a very wde range of acllvities reflecting Ihe many kinds of issues that trouble members of the community on a dally basis. SIgnIfint actSvltles We provide free. independvnt. confidential, and impartial advi lo everyone on their problems, rights and responsibili11gs across 8 fde of topics. These include btrnefits, consumer issuos, debt, discrimination, employment, famlly and relationship5, heafth. housing, immigratlon, aNI legal issuès. Our experience is thal many clients in difficulties have several issues that are connected and need resolution together. So, we continue lo support ourclienls wlh advice and guidance until their problems are resolved or they have a clear pathway they can follow. The benelils of our swport 8xlend beyond Ihe practical resolution of clients, issues to their peace of mind and slgnificanl health and well-bang improvements. National fftsearch shows this brings measurable fiscal benefits and wider gains in social and economic terms. PERFORMANCE AND IMPACT The year on which we are reporting continued, from the previous year. to be dominated by the Covid-19 pandernic. While we had hoped for a retum lo the off ice and more nomial team working, the uncertainty did not lift unlil the lasl quarter. As a result, the team continued to work remotely to serve our clients with just a few people allending the office based on their preference. In the last quarter this gradually eased and we relumed to offering clients face40-face advice on a by4ppointment basls. This remained a small part of our service mix and the Board recognises that the future will be hybrid working supported by digital technology. I wrote last year that 'Our team rèsponded briS1ianUy to the challenges of the new model.. but the 808rd is under no illusion that lockdown and rpmote working has taken a toll from which we musl all work hard lo re- build." We did indeed experience that loll la natlonal phenomenon} and during the year experienced loss of capacity in the fom of both staff and volunteers re4Jof ining their person81 priorit19S together with oporaliona issues from remote working. In the second half of the year, we worked hard to lum that around arKI the Board is pleased with both the extent lo 1¢h the team has been rebuilt and the introduction of new leS to improve productivity and quality. This wotk contiwes.
Sudbury & Dlstrfct Citlzens Advlco Report of the trustees (including Direclors. Report) for tho year ending 31 March 2022 the context of the shifting sands of demand during the pandemlc combined wth the capacity issues, the Board is plèased that we supported 1910 clients with 8596 issues a1 achigved £460,579 of direct f Inancial benefit for them and the local economy. We noted last year that clients are presenting with more, and more omplex issues and this trend continued wlh a increase in issues per client and 8 21 % in¢ase in the activities we have to undertake on clients, behalf. The Board expecls this trend to contlnue further implications forcapacity. productNilyand workflow design. The profile of client demand Is also chgnging in some areas. Our k)ng4emi experience has been Ihal around 50% of our clSents are disabled or wlth tong lerrn health conditions. Alongside that our noal experience is that work on benefits Is around 250/D of our rk. These two fundamentals have nol changed bul below that we hav8 seen significant changes in dgmand profil8. Universal credlt support and emplDymenl issues were tll dovm while questions on debt, housing and relationships have seen significant increases. W8 èxpect Ihls trend to continue in the f ace of the Costf41vIThJ crisis. A cruci81 fole forthe Board is to onsure the financial sustainability of our organisation so that we can continue to provide our essential service. We ente the year forecasting a surplus of £25,IKJO bul th8 Outlum has been £8,483 as the f unding environment tightened faster than we had expected. The fo¢8$1 as we enter the coming year 22123 is fora deficit of £55,OfX). Our stratègic review process hay the cotyèction of this situation al Its centre and the Board is determined to innovate in both funding and delivery models. We a fortunate lo have the cash to invest over arid abovè our reserves policy. We were clèar in last yearfs report that viewed this a5 a post-covld investment and development opportunity for our organisalion and our funders. We are extremely graleful to our many supporters for their fLmding and especially the District, Tovm and Parish Councils, Suffolk County Council. the Clinical Commissioning Group and the Nalional Lollery. We appreciate their confidence in what we do. their support during the pandemic and the increasing funding horizons they are providing. We are commilted to working wth thwn on ach and engagement wth our community and in alliance with other Cit12ens Advice organisalions across Suffolk The advice provide is totally dependent on our team of dedicated volunte8r advisors, led by our oulstandiry core staff. Their combined work duriro the Continuing fall-out from the pandemi¢ has shown dedicalion and commitment to our community of the highest order. On behall of the trustees. they all have our greatest respect and sincere thanks. Prlnclpal Fundlng Sources The charity is principally funded by grants f rom various bodies detailed in the reports accounts. The charity did not have any bonDwings f rom either a providw cf funding or other sources al the Balance She81 dale. Reserves poll¢y The directors believe that the Bureau shoubj sel aside f inancial reserves lo ensure that it can Contin lo operate and meet the needs of c'ent5 in th8 event of unexpected contingencies Includlng a cessation or inteUptIon of part of ils fUing. In addition, the Bureau needs to be in a position to meet ils conlraclual commilmenls. UThJer the agreed reserves policy reseNes of £186,660 we set aside within unmlricled reseNes. In addition to the above. the Bureau will mainlaln restricted SerVeS where funds are Tgstricted by the donor or funder and Cannot be used forgeneral purposes. At 31 March 2021 total unrestricted rgserves were £268.406 {2021: £232,925) and re51ricled funds were £32,093 12021: £59,086).
Sudbury & Dlstrlct citlzens Advlce Report of the trustees {including Directors, Report) for the year ending 31 March 2022 Reference and admlnlstratlvg dgtslls Charity name: Charity number. Company number. Prfncipal offirE and registered off Ice.. Sudbury & District Citizens Advice 1123466 6051096 Keyse House. Acton Lane. Sudbury. Suffolk. C010 1QN Our advlsgrs Independent examiner Moore Green Chartered Accountants 22 FriaTS Strg&t, Sudbury. Suffolk. C010 2AA Banke.. Lloyds Bank PIC 30 Market Hill. Sudbury. Suffolk.C010 2EL Dlrectors and trustees The directo of the charitablg company {Ihe charity) are its trustees forlhe purpose of charity law. The trustees and off iceTr serving during the year and since the year end were as follows: Alan Brailhwaile {Chairl Robert Spivey (Treasurer resigned 08.12.21} Janice Osbome (TNsteel - resigned 13.07.22} Mural Kirac (Trustee} Lyndsay Salmon (Trustee Janice Bowdery ITrust8el MaTgaret Maybury (Trusleel Paul Sweeny (Trnjsteel Dave Watts ITrLJSteel Sarah Bartlett reatsUrer appointed 26.01.221 Rlham Aboushousha ITrustee appointed 26.01.221 Martin Roya18 (trustee - appoint 26.01.221 resigned 08.12.211 Chief officer: Colleen Sweeney
Sudbury & Dlstrfct citlzens Advlce Report of the trustees (including Dire¢lors' Report) for the year ending 31 March 2022 Strudure, Governanco and Management Gov•rning documènt Sudbury & District Citizens Advice is a charitable company Ilmlted by guarantee, incorpoiated on 4 April 2008. The Company is govemed by its Memorandum and Articles of Association. In the event of the company bell wound up every member (including membets who ceased to be members within one year prior to such winding up} Uld be required lo contributè to the company's assets an amount not excding £1. The company is a r8gislered charlly with the Charity Commission. Twstee recfulknont and appolntment Trustees are either initially co-opted by the Tnjstee Board and Ihen elected to the Board at an Annual General Meeting wthin three years of Coryopllon or, alternatively, elected diG11Y al èn Annual General Meeting. The charity seeks nominations for tru51ee vacancies in regard to having the need to have a broad mix of skills and experrence. Trustee induction and training New trustees are briefed on their legal obligations under charity and company law. the content of th8 Articles of Association. the committee and decisionrfmaking processes. the strategic business developmeril plan and recent financial performance of the charity. They also meet key employees, volunteers and other trustees. Trustees aTe encouraged lo attend appropriate exlemal training events ere these wll facilitate the understanding of their Tole. Organlsatlonal stru¢ture Th8 trustee board is responsible for setting ihe strategic dlrectlon of the organisation and the poIY of the charily. The truslaes carry the ultimate responslbllity for the conduct of Sudbury & District Citizens Advica and for ensurirg Ihal the charity satisfies its legal and contrdclual obligations. Trustees meet quartedy as a minimum, and delegate thè day4041ay operation of the organisation lo a paid Chief off icer. The Intstee board is independent from management. A reglsler of members, interest5 is maintained at the registered office and is avail8ble to the public. Relat•d partlas and Coryoporatlon wlth other OrglSaIlOns Sudbury & District CIttter Advlce is a member of Citizens Advice, the national association for the Citizens Advice SeICe. Frofll April 2015 Citizens Advic9 Bureau became knovffl as Local Citizèns Advi¢e ILCAI. The Charity also cooperates and li81S8S Wth many other advisory service5, local charities, Iru51s and social services departments on behalf of clients. Pay policy for senior staff The directors consider the board of directors. who 8Te the Trust's trustees and the chief Dfficer. the key management personnel of the charity in charge of directing and controlling, njnning and operating the charily on a day-to-day basis. All directors give of their tlme freely and no director received remuneration in the year. Detsils of directors. experL%es and related party transactions are disclosed in note 17 to the accounts. The pay of the senior staff is reviewed annually and normally increased in accordance with average earnings. In view of the nature of the chadly. the directors benchmark agalnst pay levels in the publie setlor.
Sudbury & District Citizens Advice Report of the trustees {Includlng Dlrectors, Report} for the year ending 31 March 2022 Audlt proce$$ The charitable company is annually audited by Citizens Advice using a Performance and Quality Framewo rk. Every thTee y8at5 the LCA receives a full audit lo ensure compliance wlh the Advice Quality Standard IAQSI and the Mongy Advice Sorvice Debt Advice Quality Fram&work {MASDAQFI. The RlAmbÈr1yeJ1OW and Green IRAYGI scoring system is used to mark each of the five key areas.. Quality of Advice Assessment. Client Experience,. People Managem enl,. Leaders hip, Fin¢81 He8h Monitoring. Qualily of Advice Assessment every quarter Ihe LCA selF4ssesses a selection of Cases whi¢h arg then checked by a Citizens Advice auditor for the quality of the self4ssessment and quality of advica. Client Experience - a selection of clients is contacted by email or text after the advice process to assess their satisfaction with the servÉce and the advice provided. People Management - an annual survey is sent lo all staff and volunleers to ask people about th&r experiences, identify wh81'8 wort(ing well and see whgrg improvements can be made. Le8dersknp the TnJstees annually self4ssess how well the charity is run and whether it is delivering good quality services. The selfvasse5sment is checked by an auditor fffl Qtizens Advice. Financial Health - quarterfy financial reports are provided to Citizens Advice which are assessed againsl the budget and Ihe Reserves Policy. A comparison is provided against LCA in the family group. Rlsk management The board ha5 a fomial risk management policy. The principal risks lo which the ch8r5ty 18 exposed have been identified anrj appropriate controls are in place to provide aSonable assurdnce against fraud antj error. To this end the board has pul in place a documented fomial risk assessment which is reviewed and updated on a regular basis. Twstee8' respon8ibllitleB In relation to Ihe financlal statomgnts The charity trustees (who are also the directors of the charity for the purposes of COFnpany lawl are responssble for preparing a Truslegs, Annual Report and financial stalemenls in accordance with applicable law and United Kingdom Accounting Standards (United King¢Jom f*nerally Accepted Accounting Prdclice). The report and ac¢ount5 have been prepared in accordance with the provisions in the Companies Act 2C¢J6 relating to small companies. Company law requires the charity trnSt to prepare f inCIal statements for gach year whlch give a INe and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources for that period. In preparing the f inancial stalemenls. the trustees are raquired to.. Select suitable accounting policie5 and then apply Ihern consistently., . thserve the methods and principles in the Charities SORP.. • Make judgements and estimates that are reasonable and pwdent; State whether applicable UK accounting sl8nd8rds have been followed. subject lo any materi departures disclosed and explained in the financial statements., and Prepare the financlal slalemenls on the going concèm basis unless it 18 inappropriate to presuma that the charity will continue in business.
Sudbury & District Citlzons Advlco Report of tha trustees (including Directors. Report) for tha year ending 31 March 2022 The trustees are responsible for keeping adequate accounting records that disclose wth 8$Onable 8ccuracy at any time the f inancial position of the charity and lo enable them lo ertsuTe that the f inanci81 statements Comply with the Companies Act 2006. They a also responsibleforsafeguarfing the assets of the and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responslble forthe malntenance and Inlegrfly of the corporate and financial information irlUded on the charitable company's websile. Legislation in the United Kingdom 9oveming the preparalion and dissernination of financial statements may diff8rfrom18gislation in other jurisdiction5. The trustees, annual report was approved on 8nd slgned on behalf of the board oflnjstees A W Braithwaite {Chairl Trustee 1¥h October 2022
Sudbury & Dlstrlct citlzens Advlce Independent examiner's report to the trustees for the year endlng 31 March 2022 I reportto Ihe ch8ritytnJstees on myexamination oflhtr8¢¢ountsoflhe ¢ompanyforthe year ended 31 March 2022 whltti 8r8 s&tout on pages9 to 22. Re$ponslbllttlo$ and basks of rnport As Ihe charfty Iruslees of the cornp8nyland also i& dlreciorslortr)e purposesol company lawlyou are responsible lor Ihè preparation o)ftheaccounts in acCOrdanwith the requiremertsoflhe CompaniesAet20061'lhe 2006Act'i. Having satisfied mysellthÈtthe accounts of Ihe companyare not required to be audited underPart 16of the 2006 Act and 8re eligible for independent examination, I report in resp8clof my examination of your cornpany's aecou nts as carried out underseetion 145 of the ChkritiesAct 20111'the 2011 Act'l. In carry¢ng out my exami17ats.on Ihave lollowea the Directions given by thè Charitycommission undwse¢bon 14515llblof Ihe2011 Act. Indopondent 8xamln8r'6 81atorn8nt Since the company'sgros5inryJtne exceeded £250,OOOyourexaminermustbe a memberof a bodylisled in sectlon 145 of the 2011 Act. I confirm that l am qualified ioundertakethe exarnination because lam 8 mernberof Ihe InEt'tute of Charter8dAccountantsin EngSandand Wales. whichts one of the lisied bodie5. I have completed my examlnalon. I conflmi Ihat no matters hava come to my attentyon in connection with the examinatlgn giving me cause to believe Ihatin any rnaterial respect.. 1. accounting recordsw& not kèpt In rospect ofthe companyas required bysection 386of th& 2006Art or 2. the accountsdo not accofd wllh those rerdS-, or 3. Ihe accounts do not comply wilh the accounting requiremants of secbon 396 of the 2006 Act Olher than any requirementthatthe accountsgiva a'tru? and falrvlBw' which is not a rnattercon3idered aspartof an independent examination,. or 4. the accounts have not been prepared in a¢cordanc8 With the rn8lhod5 and principles of the Siatement of Recommended Praciicèfor8ccountin9 and reporl.ng bycharil.eslapplicabletocharitiespreparingtheiraccounts in ac¢oTdance with the Finaneial Reporting Standard applicable in Ihe VK and Republicof Ir818nd IFRS 10211. I have no concerns and have corne across no other matters in connection wlth Ihe examination to which attentlon should be dr wn in thSs report in orderto enable a properunderstanding ofthe accountsto be reachgd. Signed.. ncenlChandlerACA FCCA lrtstilut8 of Chartarèd AcGo(mt8nl8 in England wjd W8198 MO0 Gen CharteredAccountants 22 Friars Sudbury Suffolk COI0 2AA Dats 12.10.2022
Sudbury & District Citizens Advice statement of financial activities (including income and expendlture account> forthe year ending 31 March 2022 2022 2021 Unrestricted Restricl•d Total funds funds funds Total funds Note Income Grants and donalions Other charitable activities Investment income Total Income Expendlture Charitable activities 111.247 173,821 285.8 27 351.835 15 795 352.645 106 111,380 173,821 285,201 37,050 239,663 276,713 264.155 Totsl expenditur 37.050 239.663 276.713 264.155 Net incomel(oxp8ndlturel for th6 yoar Tran$f•rs b¢tr4een funds for thg yoar Net mov8m•nt in funds for the year 74,330 {65.842) 88.490 138,849) 38,849 35,481 126,993) 8,488 88.490 Reconciliation of funds Total funds brought forward Total funds carried forward 232.925 268,406 59.086 32.093 292,011 300.499 203,521 292,011 The gtslement of financial activities includes all gains and losses recognised in the year. All income and expenditure derives from continuing activities.
Sudbury & Dlstrict Citizens Advice 8alanee sheet as at 31 March 2022 2022 2021 Note Flxed assets 12 Cuffent assets Debtors Cash al bank and in hand Total current at9 13 8.974 303,795 312,769 305,503 304503 Llabllltles Creditors.. falling due within one year Net current assets 14 112.2701 {14,1601 300,499 291.343 Total assets less current liabilities 300.499 292.011 Credltor8- falling due after more than onè yr Net a55ets 300,499 291011 Funds of the Charlty Reslricled funds Unrestricted f unds Totsl charity funds 15 32.093 268,406 300,499 59.086 232,925 292.011 For the year ending 31 March 2022 Ihe charity was entitled to exemption from audrt under section 477 of the Companies Act 2006 lating to small companies. Dlreclors. Sponsibl1111eS'. 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., The directors acknowledge their responsibilities for complying wth the requirements of the Act th respect to accounllng records and the preparation of financial slatem8nts. These financial ststements have been prepared in accordanee vAth the provislons appllcable to companies subjgct to the small companies, regSma. The notes at page9 12 to 22 form part of these accounts. These financlal statements were approved by the board of Ituslees and authorised for issue on 12th October 2022 and are signed on behall of the board by.. A W Broilhwaite IChair}Trustee S Bartlett tffyasurer) Tnjstee 10
Sudbury & Dlstrict Citizens Advlce ststement of cash flows for the yèar ending 31 March 2022 2022 2021 Unrestrlcted Restricted fvnds funds Total funds Totsl funds Note Cash usgd in op9rallng acllvlll8s Cash flows from inv•sting a¢tiviti85 Intest income Purchase of taThJible f Ixed assets Cash provldgd by lusgd Inl Invasllng actlvltles Cash flows from financing activitie5 18 34,153 135,967} 11,814) 61,094 106 106 106 106 795 Repayment of borrowing Cash used In flnanelng activities In¢rea$elldecreosel in $b at bank and in hand In the year Cash al bank and in hand at tha beginning of the year Total cash at bank and in hand at the end of the year 34,259 {35,9671 {1.7081 61,889 246,417 280.676 59086 23.119 305,503 303,795 243,614 305.503
Sudbury & District Cltlzens Advlce Notes to the Flnancial Statements Accounting p¢li¢ies The principal accounting policies adopled, judggments and k8y sOu9S of eslimalion uncwtainly in the preparation of the financial slalements are as follows= & Basi8 of preparation The financi81 statements have been prepared in accordanoe with the Charities.. Statement of Recommended Practice lappllcableto chatIeS pr&partng Ih8sr accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)) {issued in October 20191 (Charities SORP IFRS 1021), the Finala1 Reporting StaThJ8rd applicable in the UK and Republic of Ireland IFRS 102) and the Companies Act 2CJO6, Sudbury & District Citizens Advice meets the def inilion of a public benefit entity under FRS 102. Assets and liabilities are initially COgnised at historical cost ortransaction value unless olherwse stated in the relevant accounting pollcy notelsl. b. Going concgm accounts have been prepared on the going conceTn basis and Ihe trustees believe that no material uncertainties exist. The trustees have considered the level of f unds held and the expected income and expenditure forthe next 12 months when aulhorising these financial statements. The budgeted income and expenditure are sufficient with the 18vel of reserves for the charity lo be able to contlnue as a going concern. c. Fund accountlng Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's pury)oses. Designated funds are Ltnreslricled f unds e8miarked by the trusteès forparticular future project or commltmenl. Restricted funds are subjected to trictiOnS on their expenditurg declared by the donor Of through the terms of an appeal and fall into one of two subryclasses.. reslricled income funds or endowment f unds. d. Income All Income is include(S in the slalemenl of flnanclal actlvities when entitlement has passed to the charity, it is probable that the economic benefits assoclaled with the transaction will flow lo the charity and the amount can be reliably meaSL¥ed. The following specific policies are applied lo particular categories of income: income from donallons or grants is recognised when there Is evldence of entillemenl lo the gift. receipt is probable, and its amount can be measured reliably. income from donated goods is measured at the fair value of the goods unless this is impractical lo measure reliably. In whlch case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and seNices are recognised in the accounts when received if value can be reliably measured. No amounts are included forthe contribution of general volunt88rs. e. Expenditurn Expendilura is racognised on an accruals basis a5 a liabilrty Is incurred. Exp8nditure includes 12
Sudbury & Dlstrict CitizensAdvice Notes to the Financial Statements any VAT whlch cannot be fully recovered. and is classified under headings of the stalgmont of financial activilies to which it relates: expenditure on raising funds includes the costs of all fU1raIsIng actlvi1Ses. events. rK)n- charitable trading activities. and the sale of donated goods. expendrture on Chtable activities includes all c051s incurred by a charity in undertaking activities that f urther its charitable aims for the benefit of ils beneficiaries, including tho59 support costs and Costs relating lo thg govemance of the charity apportioned lo charitsble aclivilles. f. Operatin9 leases Lease paymenls are recognised as an expense over the lease lemi on a straigh14ine basis. The aggwate benefit of lease incentives Is recognised as a reduction to expense over the lease lern, on a slraighl-line basis. g. Tangible ass8ts Tangible assets are initially recorded at cost, and subsw4uenlly staled al cost less any accumulated depreciation and impaimient losses. h. Depreclation DepreGialion is calculated so 8s to lte off the cost or valuation of an asset, le55 its residual value, over the useful eCOrMie life of that asset as folkjws: Off ice equipment.. 25¥. - 33% Str8ight line Impalmient of fixed assets A review for indicators of impairment is caryied out at each raporting date. with the recoverable amount belng estlmaled where such indicators exist. Where the carrylro value exceods the recoverable amount. thg asset is impaired accordingly. Prior impairm8nls a so reviwwj forpossible Teversal al each reporting date. Debiors Trade and other debtors are reGogrMzed at the settlement amount due. Prepayments are valued al the aMot prepaid. Cash at bank and in hand Cash al bank and cash in hand IrludeS cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Creditors and prov181on8 CtEditors and provisions are recognised ere the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a thSrd party and the amount due to settle the obligation can be measured or eslimated reliably. Creditors and provisions are nomally recognised al their selllement amount after allovANJ forany trade discounts due. m. Flnan¢lal Instruments 13
Sudbury & Distrlct citlzens Advlce Notes to the Financial Statements A financiai asset or a financial liability is recognised only when entity becomes a party lo the conlrydclual provision5 of the Instrument. Baslc financial instruments are initialty recognlsed 81 the amount receivable or payable including any related InsaCtIon costs, unless the arrangement constitutes a flnancing transaction, where it is recognised al the Present value of the future payments discounted at a market rale of interest f or a similar debt inslwmenl. Current assets arKI current liabilities are subsequently measured at the cash or other considerdtion expected to be pamd or reVed and not (Siscounted. Debt instFuments are subsequently measured at amortised cost. Legal status of the company The Charity is a company limited by guarantee. None of the trustees have a beneficial interest in the company. All of the tnjslees are members of the company and guaranteè lo conlribule £1 in the event of a winding up. InGome from donations and grants 2022 2021 Donations Grants (note 4) 4,026 281.042 285,068 8,239 343,596 351.835 The income from donations and grants was £285.068 {2021'. £351,835) of lCh £111.247 was unrestricted 12021= £125.6461 and £173.821 restrictgd12021'. £226,189). The Trust benofits gwlly from the involvement and enthusiastic support of its volunteers. details of which are given in our annual ptsrt. In accordancè with FRS 102 and the Charities SORP {FRS 102}, the economic contribution of general VOnteerS is not recognised in the accounts. 14
Sudbury & District Citizens Advice Notes to the Financial Statements Income from grants 2022 2021 Unrestrl¢ted Sudbury Town Council Suffolk County Councll Hadleig h Town Council Babergh Oistrict Council Other Parish Councils Suffolk Community Foundation Sudbury Munlcipal Chaibty 8,250 38,171 800 53.500 8,000 54,607 600 53,500 700 6,000 50D 107.221 117.407 Restricted Other grants Suffolk Community Foundation National Citizens Advico Citiz8ns Advice Best Practice Lead Citizens Advice - EAP Citizens Advice Help to Claim Reaching Cornmunities MAPS SASS Lollery Fund - Debt project Suffolk Family Carers - CFH 4,037 26,101 17,300 39,634 8,100 26,492 48,56D 17,212 3,900 30.503 5,700 12,765 48,919 27,624 12,413 35,897 173,821 34,853 226,189 Total Grants 281.042 343,596 Income from other charitable activities Unrestricted Funds 2022 Unrgstrictgd Funds 2021 Fundralsing Events other Income 15 27 15 Investment income Unrestricted Funds 2022 Unrestricted Funds 2021 Bank inlerest receivable 106 795 15
Sudbury & District Citizens Advice Notes to the Financial Statements Kponditure on charitable actlvlllos 2022 2021 Staff costs Wag8s and salaries Staff tralnlng and IRvel 228.011 3.252 231.263 222.080 1.862 223.942 Office ¢0sts IT equipment and support Office equipment Insurdnce general Payroll 8nd accountiro fees Postage Prtnling and stationery Telephone and communScatlon Other 2.475 16 (661 1,764 475 1,020 3.716 251 1.294 4,621 320 1,615 3,438 1,108 14.293 Premisos costs Rent Rates Light and hoat Insurance Cleaning and maintenance Other 15,0(Xl 2,483 16,520 3.483 2,856 935 857 549 24200 2.110 1,300 24.941 Govarnancè Independent examinets fee Other 1,2Th) 4,084 5.284 2,352 4152 Other costs Publicity arKI promotion Miscellaneous Depreci81ion 192 72 668 932 129 182 666 977 Totsl expenditure on chaTitable activities 276,713 264,155 16
Sudbury & Distrlct citlzens Advlce Notes to the Financial Statements mè ne is stated after charging.. 2022 2021 Ilon of taroiblefixed assets 666 Jent examlnors f90S 2022 2021 'able lo the independent examiner for independent examination of the statements 1,200 1.8 10 Costs staff costs and employee beneflls forth8 l0POrting period are analysed as follows 2022 2021 and social security costs CQSts 221,271 6,740 228,011 215,051 7,029 222.080 age head count of employee5 during the year was 15 {2021.'17) )yee received employee benefit5 of more than £60,000 duriThJ the year12021.' nil) 5 remun8ratlon and gxpgnses 3es received any remunerdlion duriro the year. The charity reimbursed trustees for expenses amounting to £nil12021'. £nill 17
Sudbury & District Citizens Advice Notes to the Financlal Statements 12 Tangible fixed assets Plant and Machinfjry Fixtures and Fittings Computer Equipmenl Tolats COST At 1 April 2021 Additions 8,982 371 13,068 13, As 31 March 2022 8,982 371 13.068 13,068 DEPRECIATION Al l April 2021 Charge foryear 8,982 371 12,400 668 12.4 At 31 March 2022 371 13,068 13,068 NET BOOK VALUE At 31 March 2022 At 31 March 2021 668 13 Debtots 2021 Prepayments and accru8d Income 8.974 14 Crodltors. Amounts falling within ono yoar 2022 2021 Accruels and deferred Sncome Social security ané other taxes 7.368 4,2 9.140 5,020 12,270 14,160 18
Sudbury & Dlstrict Citizens Advlce Notes to the Financial Statements 15 Anatysls of charltable funds Transfvrs between Funds At 31.3.22 1.4.21 movgment In funds Unrestrlctsd Funds General Funds 232.925 74,330 {38,8491 268,406 Restricted Funds Suffolk Community FouThaalion Citizens Advice SuffolkFamily Carers Debt Lottery Fund Community Lottery FUTh 5,724 51,946 18.6131 119.8531 118,6071 {12.413) 6,356 165.8421 8,4B8 32.093 1e,607 12,413 4.940 38,849 1.416 59,086 292011 32,093 300,499 Incoming R¢$our¢es $our¢¢$ Expended Movement in funds Unrestrlcted Funds Gener81 Fund 111.380 137,050} 74.330 Rostrlctsd Funds Suffolkcommunty Foundalhn Cibzens Advice Suffolk Family Carers Debt Lottery Fund Communty Loltery Fund 18.6131 196,4451 154,5041 124,8261 155.2751 1239.6631 (8.6131 119,8531 118,6071 112.4131 {6.3561 165.8421 76,592 35,897 12,413 48.919 173,821 285,201 1276,7131 8A88 19
Sudbury & Dlstrlct Cltlzens Advlce Notes to the Financial Ststements Anatysls of ¢harftablg funds {comparatlvo$} At 1.4.20 Net movement In funds Transfers 31.3.21 Funds Unrestrlcted Funds General Funds 156,407 91,588 115,0701 232,925 Rgstricted Funds Suffolk Community Foundation Citizens Advice Sl01k Famlty Carers SLrffolk County Council Community Lolt8ry Fund 5.116 35.438 6,5K) 608 16.508 113.290) 18,3401 1,416 13,0981 88.490 5,724 51.946 6.730 8.340 1,416 59,086 292,011 47,114 203,521 Incomlng Resources Resources Expended Movement In funds Unrestrlcted Funds G8neTal Fund 147.793 156.206) 91.588 R&stricted Funds Suffolkcommunty Foundation Cilzens Advice SuffolkFamily Car8rs Suflolkcounty Council ommunty Lottery Fund 26,101 91,438 34,853 3.900 48.560 204,852 125.4931 174,9301 148,1431 112,2401 147.1441 1207,9501 16,508 113.2901 {8.3401 1.416 13,0981 352,645 1264.1561 88,490 20
Sudbury & Dlstrict Citizens Advlce Notes to the Financial Statements 16 Flnanclal Commltments Total commitments undor noTrcancallabla op8Trting1gases are as follows.. 2022 2021 Amounts due wilhin one year Amounts due between one arKI 5 year5 15,000 37.500 52,500 15,000 52,50D 67,500 17. R•latod partlas There have been no ated party transactions in this or the previous reportlng ye8r. 18. Reconciliation of net movement In funds to net cash flow from operatlng actlvlties 2022 2021 Unrestricted Restricted Total funds Totsl funds funds fvnd$ Net movement in funds Add back depreciation charge Deduct interest income shown in investing activities Decreasellincrease) In stock Decwsel{increase) in debtors tncreaselldecrease} in credito Net cash used in operating activitles 35.481 {26,993) 8,488 88,490 66 I1() 1795) (8.9741 18,9741 11.8901 11,8141 1.495 128,7621 61,094 {1.890} 34.153 135,9671 19. Employee Bengfits Obllgatlons The Bureau is a partlcipating employer in Th9 Pensions Trust's Gr0h Plan, thlch comprises Series 1 to d. The plan is funded and is not contracted out of the state scheme. Seises 1 to 3 constilutg a mufti-employer pension plan, where the assets are ¢Owmingled for investrnent purposes. and benefits arè paid out of the plan's total assets. It is not possible in the nomial course of events to idenlify on a reasonable and con518lenl basis the share of the undetying assets and liabililies belonging lo indivbdual participating employers. A full actuarial valuation for the scheme was carried out at 30 September 2020. This vatualion showed assets of £800.3m. liabilities of £831.9m and a deficit of £31.6m. Employers participating in Series 1 and 2 of Growth Plan ar8 baing Tequired to make addiliona contributions to help lo eliminate this deficit. The Bureau has never participated in these Series. Whilst unlikely. il cannot totaiy be ruled out that such eontributions may arise in the lu¢ure in respect of the Bureau's past membership of Series 3 of the growth plan. 21
Sudbury & Dlstrlct Cltizens Advice Notes to the Financial Statements 20. Contlnggnt Llabilltles The Pensions Act 2011 retrospactivaly allarod the definition of Series 3 of the Growth Plan so that il became categorised as a 'defined benefit. arrangement. As such. it is anticipated that employer5 such as the Bureau which participated in Series 3 wll be Ilable to meet a share of the deflciton a buy4Jul basis if they leave the Growlh Plan. The Bureau's estimatad debt on withjrawal at 301h September 2021 15 £4066. The Bureau has not provided for this liability in te financial stalements since it has no dernonslrable commitment lo withdraw from the Growth Plan. Ir immediate withdrawal from the Scheme were to be made, then sufficient cash reserves are Wd to settle the contirMJerrt liability. thout impactirwJ on day-to-day operations. 21. Analysis of assets by fund type 2022 Unrestrted Re$tri¢ted Totsl Fund5 Funds Funds 2021 Unrastricj R8slrict8d Total Funds Funds Funds Flxed assets Debiors C3sh aibank an¢J In hand Cr1110r5..f3llhgdUeWlthlno8Year 668 668 8.974 23.119 8,974 303.795 112,2701 280.676 112.2701 246,417 114.1601 59.086 305,503 114,1601 Not 8s$ots 268,406 32P93 300,499 232,925 59.086 292.011 22