2023-03-31-accounts - Citizens Advice New Forest

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Reference and Administrative Details	I to 2
Trustees Report	3 to 9
Statement ofTrustees' Responsibilities	10
Independent Examiner's Report
Statement ofFinancial Activities	12
Balance Sheet	13
Notes to the Financial Statements	14to 23

	Citizens Advice	Citizens Advice	New Forest Ltd	New Forest Ltd
	(formerly known as New Forest Citizens Advice Bureau)
	Reference and Administrative			Details
Chair	J.J.Ogden
Chief Officer	A Talbot (Resigned December 2022)
	JMcMahon Hnterim	Chief	Ofticer)
	N Young (Appointed	April	2023)
Trustees	LGMiles
	GANewman
	JM Baldwin
	PRH Jennison
	JKalathil (Appointed	May	2023)
	D Smith (Appointed	May 2023)
Secretary	FEMarsden
Principal Office	Town Hall
	Avenue Road
	Lymington
	Hampshire
	SO41 9ZG
	The charity is incorporated		in England	and Wales.

(Including Income and Ex	penditure	Account and St	atement ofTotal Rec	ognised Ga	ins and Los
	Note	Unrestricted	Restricted	Total	Total
		funds	funds
		2023	2023	2023	2022
		8		8
Income and endowments
Donations and legacies Charitable activities		267,197	109,991 118,388	377,188 118,388	325,625 120,681
Other trading activities Investment Income		3,413	64	64 3,413	75 599
Total Income		270,610	22S 443	499,053	446,980
Expenditure on: Charitable Acitvities		283 488	238 098	521,586	427 524
Total Expenditure Net income		(12,878) 283 488	(9,655) 238 098	521,586 (22,533)	427 524 19,456
Transfer between funds		17509	17509
Net movement in funds		30,387	7,854	22 533	19,456
ReconciTiation offunds
Total funds brought forward Total funds canted forward	17	318518 288,131	30,862 38,716	349380 326 847	329,924 349,380
Statement ofFinancial Activities	-Comparative	Data for the Year Ended 31March 2022
	Note	Unrestricted	Restricted	Total	Total
		funds	funds
		2022	2022	2022	2021
		8		8	0
Income and endowments
Donations and legacies Charitable activities		270,616	55,009 120,681	325,625 120,681	307,388 121,093
Other trading activities Investment Income		75 599		75 599	100 640
Total Income		271,290	175,690	446 980	429,221
Expenditure on: Charitable Aoitvities		259 198	168,326	427 524	283,112
Total Expenditure Net income		259,198 12,092	168,326 7,364	19,456 427,524	146,109 283,112
Transfer between funds		5,159	5,159
Net movement in funds		6 933	12,523	19456	146,109
Reconciliatioa offunds
Total funds brought forward Total funds canied forward	17	311585 318,518	18339 30,862	329,924 349,380	183815 329924

				Note	2023	2022
					f.	f.
Current assets
Debtors				13	26,586	26,987
Cash at bank	and in hand				405,352	376,560
					431,938	403,547
Creditors: Amounn		falling	due within one year	14	(70,091)	(19,167)
Total Assets	Less Current		Liabilities		361,847	384,380
Provisions				15	(35,000)	(35,000)
Net assets					326,847	349,380
Funds ofthe	charity:
Restricted Income Funds
Restricted Funds				17	38,716	30,862
Unrestricted	Income	Funds
Unrestricted	Punds			17	288,131	318,518
Total Funds					326,847	349,380

Inveslmentincatne	Inveslmentincatne
Investment income is recognised on areceivable basis.
Chari lable activities
Income I'rom charitable activities includes income recognised as earned (as the related					goods		or services are provided)			under
contract.
Expenditure and irrecoverable VAT
Liabilities are recognised as soon as there is a	legal or constructive obligation		committing			the charity to the expenditure.					All
expenditure is accounted for on an accruals basis and has been classified under			headings			that	aggregate		all costs related	to the
category. Irrecoverable VAT is charged as acost against the activity for which			the expenditure was					incurred.
Raising funds
These are costs incurred in attracting voluntary	income, the management	ofinvestments				and	those incurred in trading activities
that raise funds.
Charitable activities
Charitable expenditure comprises those costs	incurred by the Charity in the delivery ofits activities							and services for its
beneficiaries. It includes both costs that can be allocated directly to such		activities		and	those		costs ofan indirect nature
necessary to support them.
Governance costs
Governance costs include costs of the preparation and examination ofthe		statutory accounts,					the costs oftrustee meetings				and
the cost ofany legal advice to trustees on governance or constitutional matters.
Debtors
Trade and other debtors are recognised at the	settlement amount due atter any		trade discount				offered.
Prepayments are valued at the amount prepaid	net ofany trade discounts	due.
Cash at bank and in hand
Cash at bank and in hand includes cash and short term cash deposits
Taxation
The company is aregistered charity and therefore, is not liable for income tax			or	corporation			tax on income derived
from its charitable activities, as it falls within	the various exemptions available		to	registered			charities.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction				costs. Interest-bearing					borrowings are
subsequently carried at amortised cost, with the difference between the proceeds,				net oftransaction				costs, and the amount			due
on redemption being recognised as acharge to the Statement ofFinancial		Activities over				the	period	ofthe relevant borrowing.
Interest expense is recognised on the basis of	the effective interest method	and	is included			in	interest	payable and similar
charges.
Borrowings are classitied as current liabilities	unless the charity has an unconditional				right to defer			settlement ofthe liability
for at least twelve months after the reporting	date.
Creditors aad provisions

3 Income		from donations and legacies
			Unrestricted	Restricted	Total	Total
			funds	funds	2023	2022
					g
Donations	and legacies;
Donations		from individuals	4,416		4,416	4,105
Donations	and legacies;
Government		grants	262,781		262,781	266,541
Grant &om		other charities		109,991	109,991	54,979
			267,197	109,991	377,188	325,625

Restricted	Total	Total
funds	2023	2022
118,388	118388	120681

I	ncome	from	other	trading	activities
						Restricted		Total		Total
						funds		2023		2022
Other	income	from	other	trading	activities		64		64		75

6 Investment in	come
		Unrestricted	Total	Total
		funds	2023	2022
Interest receivable	and similar income;
Interest receivable on bank deposits		3,413	3,413	599

7 E	xpenditure on charitable activities
		Activity	Total	Total
		support costs	2023	2022
		8		8
Advice	giving;	521,586	521,586	427,524

		Advice	Governance	Total	Total
		giving	costs	2023	2022
		8		8
Staffcosts		400,241		400,241	306,157
Admin cost		41,341		41,341	50,194
Premises		52,800		52,800	42,217
Computer	costs	11,278		11,278	18,714
Finance costs		416		416	96
Other support costs		12,945		12,945	7,486
Governance	costs		2,565	2,565	2,660
		519,021	2,565	521,586	427,524

The aggregate payro
	2023	2022
Staff costs during the year were: Wages and Salaries Social security costs Pension Costs Other Staffcosts	347,428 20,627 12,537 19,649	274,133 11,975 9,905 10,144
	400,241	306,157

The monthly average number of persons (including senior m as full time equivalents was as follows:	anagement team) employed by the charity du	ring the	year expres
	2023		2022
	No		No
Managerial		3	1
Service delivery		15	11
			12

13 Debtors
			2023	2022
Prepayment			6,141	5,952
Accrued income			20,445	21,035
			26,586	26,987
14 Creditors: amounts	fafiing due	within one year
			2023	2022
Other taxation and social	security		4,500	3,525
Deferred income			56,197	8,251
Accrued income			9,394	7,391
			70,091	19,167
15 Provisions
			Dilapidations	Total
At 1 April 2022			35,000	35,000
Credited to the statement	of recognised	gains and losses
At 31March 2023			35,000	35,000

Funds
		Balance atI	Incoming	Resources	Transfers	Balance at
		April 2022	resources	expended		31
						March	2023
						8
Unrestricted funds
General
Unrestricted Income Fund		318,518	270,610	(283,488)	(17,509)	288,131
Restricted funds
Macmillan			29,265	(36,858)	7,593
Larder HUB Grant			14,131	(9,105)			5,026
NFDC Debt Supervisor			17,500	(14,554)			2,946
Restorative Justice		600					600
Ringwood Food Grant		5,023	2,172	(55)			7,140
Help to Claim Universal	Credit		64				64
Home dc Well		25					25
MaPSDAP		11,255	89,123	(92,440)			7,938
Help To Claim Phone R	Webchat	5,028					5,028
National Lottery Citizens	Advice		6,596	(6,596)
NF Campaigns Manager			25,475	(29,866)	4,391
Financial Inclusion			19,321	(21,508)	2,187
HIWCF Charles Burnett			20,000	(23,338)	3,338
HAF Signposting			4,796	(3,778)			1,018
Sovereign		8,931					8,931
Total Restricted funds		30,862	228,443	(238,098)	17,509	38,716
Total funds		349,380	499,053	521 586		326,847

	Balance at I April 2021	Incoming resources	Resources expended	Transfers	Balance at 31 March 2022
Unrestricted funds
General Unrestricted Income Fund	311,585	271,290	(259,198)	(5,159)	318,518
Restricted funds
Macmillan	2,788	30,178	(34,349)	1,383
Restorative Justice	600				600
Home &Well	131	780	(886)		25
MASDAP	(3,776)			3,776
Webchat	1,326	40,741	(37,039)		5,028
Sovereign MaPS	8,931 6,163	90,533	(85,441)		8,931 11,255
Ringwood Food Grant	2,176	8,558	(5,711)		5,023
Bury Brickfield HAF Outreach		2,400 2,000	(2,400) (2,000)
UoS Cost ofLiving Project Total Restricted funds	18,339	500 175,690	(500) (168,326)	5,159	30,862
Total funds	329,924	446,980	427,524		349,380

18 Analysis ofnet assets between fund
	Unrestricted	Restricted	Total funds at
	funds	funds	31March 2023
Current Assets	393,222	38,716	431,938
Current Liabilities	(70,091)		(70,091)
Provisions	(35,000)		(35,000)
Total net assets	288,131	38,716	326,847
	Unrestricted	Restricted	Total funds at
	funds	funds	31March 2022
Current Assets	372,685	30,862	403,547
Current Liabilities	(19,167)		(19,167)
Provisions	(35,000)		(35,000)
Total net assets	318,518	30,862	349,380