2023-03-31-accounts - Bridgend County Borough Citizens Advice Bureau

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		Page
Report ofthe Trustees	I	to	5
Independent Examiner's Report	6to7
Statement ofFinancial Activities
Balance Sheet	9	to	10
Cash Flow Statement
Notes to the Cash Flow Statement		12
Notes to the Financial Statements	13	to	26
Detailed Statement ofFinancial Activities	27	to	28

						2023	2022
				Unrestricted	Resndcted	Total	Total
				funds	funds	funds	funds
			Notes	f
INCOME	AND ENDOWMENTS FROM
Donations	and legacies		2				320
Charitable	activities
Charitable	projects			204,970	664,028	868,998	738,853
Investment	income			3,366		3,366	1,889
Total				208,336	664,028	872,364	741,062
EXPENDITURE ON
Raising funds				4,981		4,981	4,545
Charitable	activities
Charitable	projects			141,119	670,826	811,945	702,483
Total				146,100	670,826	816,926	707,028
NET INCOME/(EXPENDITURE)				62,236	(6,798)	55,438	34,034
Transfers	between funds		17	(6,798)	6,798
Net movement in funds				55,438		55,438	34,034
RECONCILIATION		OF FUNDS
Total funds	brought forward			484,556	14,014	498,570	464,536
TOTAL FUNDS CARRIED FORWARD				539,994	14,014	554,008	498,570

		Balance Sheet
		31March 2023
			2023	2022
		Notes
FIXEDASSETS
Tangible assets		13	4,528	5,517
CURRENT ASSETS
Debtors		14	24,868	16,621
Cash at bank and in hand			572,139	493,778
			597,007	510,399
CREDITORS
Amounts falling due within	one year	15	(47,527)	(17,346)
NET CURRENT ASSETS			549,480	493,053
TOTAL ASSETSLESSCURRENT
LIABILITIES			554,008	498,570
NET ASSETS			554,008	498,570
FUNDS		17
Unrestricted funds			539,994	484,556
Restricted funds			14,014	14,014
TOTAL FUNDS			554,008	498,570

			2023	2022
		Notes
Cash flows from operating	activities
Cash generated &om operations			79,455	120,428
Net cash provided by operating activities			79,455	120,428
Cash flows from investing	activities
Purchase oftangible fixed assets			(4,460)
Interest received			3,366	1,889
Net cash (used in)/provided	by investing	activities	(1,094)	1,889
Change in cash and cash equivalents
in the reporting period			78,361	122,317
Cash and cash equivalents	at the
beginning ofthe reporting	period		493,778	371,461
Cash and cash equivalents	at the end
ofthe reporting period			572,139	493,778

ACTIVITIES
			2023	2022
				6
Net income for the	reporting	period (as per the Statement of
Financial Activities)			55,438	34,034
Adjustments for:
Depreciation charges			5,449	4,944
Interest received			(3,366)	(1,889)
(Increase)/decrease	in debtors		(8,247)	86,851
Increase/(decrease)	in creditors		30,181	(3,512)
Net cash provided	by operations		79,455	120,428

	At 1/4/22	Cash flow	At 31/3/23
Net cash
Cash at bank and in hand	493,778	78,361	572,139
	493,778	78,361	572,139
Total	493,778	78,361	572,139

	Further explanation of	the nature	the nature	and	purpose of each fund is included	purpose of each fund is included	in the notes to the	in the notes to the	financial
	statements.
	DONATIONS AND LEGACIES
							2023		2022
									E
	Donations								320
3.	INVESTMENT INCOME
							2023		2022
	Deposit account interest						3,366		1,889
4.	INCOME FROM CHAIOTABLE			ACTIVITIES
							2023		2022
			Activity						f
	Grants		Charitable		projects		868,998	738,853
	Grants received, included	in the above,			are	as follows:
							2023		2022
	Bridgend CBC —Core funding		(unrestricted			income)	201,851	183,452
	British Gas - Warmer Wales								20,034
	Financial Advice Support	Service					100,000	100,000
	Help to Claim						166,741		72,667
	Advice Link Community	Focus					171,516	164,919
	Advice Link Specialist Debt &Other						104,063	100,139
	Domestic Violence								28,000
	Employment Upskilling								9,833
	Torfaen CAB								10,000
	Claim What's Yours						36,000		15,000
	Carried forward						780,171	704,044

				2023	2022
					f.
	Brought forward			780,171	704,044
	Public Health Wales				27,000
	Department for Work k,	Pensions		3,119	6,909
	National Citizens Advice				900
	RCTBasic Income Pilot			26,408
	Energy Advice Programme			5,200
	Moondance Foundation	Wanner Wales II		31,600
	Food Bank Pattnership			22,500
				868,998	738,853
5.	RAISING FUNDS
	Other trading activities
				2023	2022
	Staffcosts			4,981	4,545
6.	CHARITABLE ACTIVITIES COSTS
			Direct	Support
			Costs (see	costs (see
			note 7)	note 8)	Totals
	Charitable projects		641,404	170,541	811,945
7.	DIRECT COSTS OFCHARITABLE ACTIVITIES
				2023	2022
	Staffcosts			507,895	379,030
	Rent„water and premises	levy		24,249	24,230
	Insurance			4,240	4,028
	Light and heat			13,810	5,703
	Telephone dr communications			10,692	9,083
	Printing, postage &stationery			4,117	3,916
	Adverdsing				30
	Stafftravel			393
	Staff and volunteer training			8,392	8,567
	Staff'recruinnent			1,712	2,779
	Subsistence and re&eshments			3,850	2,339
	Other staff expenses			58	545
	Premises cleaning, repairs	and maintenance		4,273	5,278
	Carried forward			583,681	445,528

7.	DIRECT C	OSTS O	F	CHARITABLE ACTIVITIES -	continued
						2023	2022
	Brought forward					583,681	445,528
	Reference materials		etc.			11,750	9,142
	Office ITand consultancy					17,402	14,214
	Office equipment					21,950	22,371
	Other office	expenses					900
	Translation	services				1,174	1,091
	Depreciation					5,447	4,944
						641,404	498,190
8.	SUPPORT	COSTS
					Human	Govetnance
					resources	costs	Totals
	Charitable projects				163,963	6,578	170,541
	Support costs, included			in the above, are as follows:
	Human resources
						2023	2022
						Charitable	Total
						projects	activities
	Staffcosts					163,963	I99,433
	Governance	costs
						2023	2022
						Charitable	Total
						projects	activities
	Independent	examiner		fee		3,630	3,300
	Professional	fees				2,740	1,310
	Bank charges					28
	Sundry					45	250
	Trustee development		costs			80
	Trustee subscriptions					55
						6,578	4,860

	2023	2022
Wages and salaries	616,819	518,594
Social security costs	36,321	36,926
Other costs
Pension costs	23,699	19,488
	676,839	583,008
Key management personnel
Salaries and benefits	48,907	45,448

Key management	Key management	personnel	personnel	comprises	Chief Officer.	Chief Officer.
The average	monthly		number	ofemployees	during	the year was as follows:
							2023	2022
Management	and	support staff					8	12
Advisers							26	26
							34	38

	Notes to the Financial tatemen - continue for the Year Ended 31March 2023	Notes to the Financial tatemen - continue for the Year Ended 31March 2023	Notes to the Financial tatemen - continue for the Year Ended 31March 2023	Notes to the Financial tatemen - continue for the Year Ended 31March 2023
12.	COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES
			Unresnicted	Restricted	Total
			funds	funds	funds
	INCOME AND ENDOWMENTS FROM
	Donations and legacies		320		320
	Charitable activities
	Charitable projects		i9i,261	547,592	738,853
	Investment income		1,889		1,889
	Total		193,470	547,592	741,062
	EXPENDITURE ON
	Raising funds		4,545		4,545
	Charitable activities
	Charitable projects		122,478	580,005	702,483
	Total		I27,023	580,005	707,028
	NET INCOME/(EXPENDITURE)		66,447	(32,413)	34,034
	Transfers between funds		(10,748)	10,748
	Net movement in funds		55,699	(21„665)	34,034
	RECONCILIATION	OF FUNDS
	Total funds brought forward		428,857	35,679	464,536
	TOTAL FUNDS CARRIED
	FORWARD		484,556	14,014	498,570

TANGIBLE FIXEDASSETS
	Fixtures
	and	Computer
	fittings	equipment	Totals
			f.
COST
At 1 April 2022	9,651	35,116	44,767
Additions		4,460	4,460
At 31March 2023	9,651	39,576	49,227
DEPRECIATION
At 1 April 2022	9,651	29,599	39450
Charge for year		5,449	5,449
At 31March 2023	9,651	35,048	44,699
NKT BOOKVALUE
At 31March 2023		4,528	4,528
At 31March 2022		5,517	5,517

DEBTORS:AMOUNTS FALLING DUK W	ITHIN ONE YEAR
	2023	2022
Other debtors	16,346	11,619
Prepaymenls	8,522	5,002
	24,868	16,621

CREDITORS: AMOUNTS FALLING DUE WITHI	N ONE YEAR
	2023	2022
Social security and other taxes	10,485	9,231
Other creditors	8,874	3,447
Deferred income	15,000
Accrued expenses	13,168	4,668
	47,527	17,346

ANALYSIS OFNET ASSET	SBETWEEN FUNDS
			2023	2022
	Unrestricted	Restricted	Total	Total
	funds	funds	funds	fllllds
Fixed assets	4,528		4,528	5,517
Current assets	582,993	14,014	597,007	510,399
Gnrent liabilities	(47,527)		(47,527)	(17,346)
	539,994	14,014	554,008	498,570

		Incoming	Resources	Movement
		resources	expended	in funds
Unrestricted funds
General fund		208,336	(146,100)	62,236
Restricted funds
Financial Advice Support	Service	100,000	(100,593)	(593)
Help to Claim		166,741	(168,466)	(1,725)
Advice Link Community	Focus	171,516	(172,349)	(833)
Advice Link Specialist Debt and Other		104,063	(106,742)	(2,679)
Claim What's Yours		36,000	(36,437)	(437)
Warmer Wales II		31,600	(31,753)	(153)
Food Bank Partnership		22,500	(22,696)	(196)
BasicIncome Pilot		26,408	(26,590)	(182)
Energy Advice Program		5,200	(5,200)
		664,028	(670,826)	(6,798)
TOTAL FUNDS		872,364	(816,926)	55,438

				Net	Transfers
				movement	between	At
			At I/4/21	in funds	funds	31/3/22
Unrestricted funds
General fund			306,168	66,447	13,252	385,867
Staffing Contingency			36,663			36,663
Preiuises Reserve			48,000		(24,000)	24,000
Capital Equipment			9,000			9,000
Service sustainability	dt development
fund			29,026			29,026
			428,857	66,447	(10,748)	484,556
Restricted funds
British Gas - Wanner	Wales			(913)	913
Financial Advice Support Service				(951)	951
Help to Claim				(4,827)	4,827
Money Advice Service Debt Advice
Project Redundancy			5,042			5,042
Advice Link Community		Focus		(2,053)	2,053
Advice Link Specialist	Debt and Other			(1,774)	1,774
BEISHelping More People			10,251	(10,236)		15
Meeting More People			16	(16)
Community Foundation		Wales	953	(953)
Domestic Violence			9,093	(136)		8,957
Building Debt Capacity			891	(1,055)	164
Employment Upskilling			9,433	(9,437)	4
Carers Project				(16)	16
Claim What's Yours				(I)	I
Public Health Wales				(45)	45
			35,679	(32,413)	10,748	14,014
TOTAL FUNDS			464,536	34,034		498,570

		Incoming	Resources	Movement
		resources	expended	in funds
Unrestricted funds
General fund		193,470	(127,023)	66,447
Restricted funds
British Gas —Warmer Wales		20,034	(20,947)	(913)
Financial Advice Support Service		100,000	(100,951)	(951)
Help to Claim		72,667	(77,494)	(4,827)
Advice Link Community	Focus	164,919	(166,972)	(2,053)
Advice Link Specialist Debt and Other BEISHelping More People		100,139	(101,913) (10,236)	(1,774) (10,236)
Meeting More People			(16)	(16)
Community Foundation	Wales		(953)	(953)
Domestic Violence		28,000	(28,136)	(136)
Building Debt Capacity			(1,055)	(1,055)
Employment Upskiging		9,833	(19,270)	(9,437)
Carers Project		10,000	(10,016)	(16)
Claim What's Yours		15,000	(15,001)	(I)
Public Health Wales		27,000	(27,045)	(45)
		547,592	(580,005)	(32,413)
TOTAL FUNDS		741,062	(707,028)	34,034

					2022	2021
Amounts	due	within	12	months	24,000	27,141

		Detailed Statement ofFinancial Activitie
		for the Year Ended 31March 2023
			2023	2022
INCOME AND ENDOWMENTS
Donations and legacies
Donations				320
Investment income
Deposit account interest			3,366	1,889
Charitable activities
Grants			868,998	738,853
Total incoming resources			872,364	741,062
Other trading activities
Fund raising wages			4,981	4,545
Charitable activities
Statf costs			507,895	379,030
Rent, water and premises	levy		24,249	24,230
Insurance			4,240	4,028
Light and heat			13,810	5,703
Telephone &communications			10,692	9,083
Printing, postage &stationery			4,117	3,916
Advertising				30
Stafftravel			393
Staff and volunteer training			8,392	8,567
Statf recruitment			1,712	2,779
Subsistence and refieshments			3,850	2,339
Other staff expenses			58	545
Premises cleaning, repairs	and	maintenance	4,273	5,278
Reference materials etc.			11,750	9,142
Office ITand consultancy			17,402	14/14
Office equipment			21,950	22,37I
Other office expenses				900
Translation services			1,174	1,091
Depreciation oftangible fixed		assets	5,447	4,944
			641,404	498,190

		Detailed Statement of for the Year Ended	Financial Activities 31March 2023
			2023	2022
Support costs
Human resources
Staffcosts			163,963	199,433
Governance	costs
Independent	examiner	fee	3,630	3,300
Professional	fees		2,740	1,310
Bank charges			28
Sundry			45	250
Trustee development		costs	80
Trustee subscriptions			55
			6,578	4,860
Total resources	expended		816,926	707,028
Net income			55,438	34,034