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2022-03-31-accounts

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FYLDE CITIZENS ADVICE BUREAU LTD

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

Company Registratlon No. 07450392 (England and Wales) Charity Registration No. 1140175

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FYLDE CITIZENS ADVICE BUREAU LTD

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LEGAL AND ADMINISTRATIVE INFORMATION

Management Committee

Mr | R Driver Mr R Nulty MrA Curphey Ms T Highland Mrs L J Nulty

Charity number 1140175

Company number 07450392

Registered office Council Offices Moor Street Kirkham Preston Lancashire PR4 2AU

Independent examiner Champlon Accountants LLP Unit 2 Olympic Court Whitehills Business Park Blackpool Lancashire FY4 5GU

Bankers HSBC plc 4 Newhouse Road Oxford Square Blackpool Lancashire FY4 4YH

| FYLDE CITIZENS ADVICE BUREAU LTD |

CONTENTS

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Trustees' report 1-3
Independent examiner's report 4
Statement of financial activities 5
Balance sheet 6
Notes to the financial statements 7-15
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FYLDE CITIZENS ADVICE BUREAU LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2022

The management committee present their report and accounts for the year ended 31 March 2022. The charitable company was incorporated on 24 November 2010 and commenced activity on the 24 March 2011, when the former unincorporated charity Fylde Citizens Advice Bureau, (formed in 1967) was wound up and its assets and liabilities transferred into the new entity.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's Memorandum & 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 the Borough of Fylde and surrounding areas. The policies adopted in furtherance of these objects are to establish and provide and assist in the provision of Citizens Advice services and outlets supplying a free, independent, confidential and impartial service of advice, information and counsel to the public, and there has been no change in these during the year.

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

The charity's core funding comes from Fylde Borough Council (FBC) under a Service Level Agreement (SLA).

This funding enables the charity to provide its services, each weekday, from the Kirkham office, which is leased from FBC,

Under the direction of the Trustee Board the charity is managed by a Chief Executive Officer, assisted by a Volunteers Manager and a Projects and Operations Manager. An Advice Session Supervisor, Administration Officer and Cleaner complete the core service team. With the exception of any other workers employed under specific projects all other staff are volunteers. All staff undertake a comprehensive training programme before being certified to give advice, and receive regular refresher training as appropriate.

Due to the COVID pandemic, all advice is offered through email or telephone.

The charity also provides project services on a funded basis. Projects undertaken during the 2021/22 financial year include the following:

Rosemary Project - Funded from reserves, advice and support is provided to those experiencing or at risk of Domestic Abuse.

At Home Project - Funded from reserves, this project facilitates a form filling service. We are hoping to reestablish the home visiting service when deemed safe following the COVID pandemic for those who cannot visit either the Kirkham or St Annes office.

Fylde Energy A project funded by Energy Industry Voluntary Redress Scheme, provides help and support with Energy related projects such as tariff checks, energy efficiency, debt and consumer issues.

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FYLDE CITIZENS ADVICE BUREAU LTD

TRUSTEES’ REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Achlevements and performance

During the financial year 2021/22 we assisted 1,019 clients. Often a client presented with more than one issue and some clients sought advice on several separate occasions. Accordingly during the year advice was provided on 3,404 individual Issues. The need for advice most frequently arose in connection with Benefits, including Universal Credit (48%) Debt (10%) Employment (10%) and Housing and Relationships (7% each).

We participate in the Customer Service Initiative operated nationally by Citizens Advice. That survey reveais that 86% of our clients rated the experience of using our service as positive or very positive and 92% said that they would be likely or very likely to recommend our service to family or friends.

A report on performance under our SLA is provided to FBC on a regular basis.

The national Performance Quality Framework is employed to ensure quality of advice, customer satisfaction and effective leadership. Citizens Advice Fylde holds the AQS (Advice Quality Standard) mark and is therefore subject to a Management, Finance and Compliance Audit every 3 years. A leadership Self Assessment Process undertaken in January 2021 confirmed that Citizens Advice Fylde exceeded the required standard in all aspects of governance, management and planning.

Financial review

The results for the year are as set out in the attached Statement of Financial Activities. There was a net operational surplus for the year amounting to £29,361 (2021 : £33,224). At the Balance Sheet date, total reserves amounted to £134,439 (2021 : £117,210), being unrestricted funds of £134,439 (2021 : £113,327) and restricted funds of ENil (2021 : £3,883).

It is the policy of the charity that unrestricted funds should be maintained at a level equivalent to three months operational expenditure to ensure a rundown of the charity's current activities in the event of a significant drop in funding. This will also allow time for consideration to be given to ways in which additional funds may be raised. These funds are ring fenced for that purpose and have been maintained throughout the year. In addition we hold a sum in respect of potential redundancy costs within our reserves and this amounted to £8,823.

The management committee have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The charity is a company limited by guarantee and does not have a a share capital.

The management committee, 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: Mri R Driver

Mr R Nulty

MrA Curphey

Ms T Highland

Mrs L J Nulty

New trustees are appointed by way of formal application and interview process. Their appointment is confirmed at the next Annual Genera! Meeting.

None of the management committee has any beneficial interest in the company. All of the management committee are members of the company and guarantee to contribute £1 in the event of a winding up.

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FYLDE CITIZENS ADVICE BUREAU LTD

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

— The charity is managed by a Management Committee which consists of all the trustees, and others nominated by interested parties. The committee is responsible for establishing and maintaining the policies and procedures of the organisation and best operating practices, including recruitment of volunteers and staff, in compliance with all statutory regulations and fiscal requirements of a Limited Company and Registered Charity.

The Management Committee ensures the charity's compliance with the membership agreement with Citizens Advice, with whom it is affiliated and under whose authority the Citizens Advice local office operates. There were no related party transactions during the year.

TheMr Atrustees’ Curpheyu2gknreport was approved by the Board of Management Committee. Trustee

13 October 2022

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FYLDE CITIZENS ADVICE BUREAU LTD

INDEPENDENT EXAMINER'S REPORT TO THE MANAGEMENT COMMITTEE OF FYLDE CITIZENS ADVICE BUREAU LTD

| report to the management committee on my examination of the financial statements of Fylde Citizens Advice Bureau Ltd (the charity) for the year ended 31 March 2022,

Responshlbilities and basis of report

As the management committee 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, | 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 | have followed all the applicable Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement | have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

| 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,

Champion Accountants LLP

Unit 2 Olympic Court Whitehills Business Park Blackpool Lancashire FY4 5GU

Dated: 13 October 2022

FYLDE CITIZENS ADVICE BUREAU LTD

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~ STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2022

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2022 2022 2022 2021 2021 2021
Notes £ £ £ £ £ £
Income and
endowments
from:
Donations and legacies 3 1,303 - 4,303 725 - 725
Charitable activities 4 110,438 75,847 186,285 98,826 78,027 176,853
Sundry income 5 250 - 250 551 - 551
Total income 111,991 75,847 187,838 100,102 78,027 178,129
Expenditure
on:
Charitable activities 6 90,879 79,730 170,609 70,741 74,144 144,885
Net Income/(expenditure)
forthe year/
Net movement In funds 21,112 (3,883) 17,229 29,361 3,883 33,244
Fund balances at 1 April 2021 113,327 3,883 117,210 83,966 - 83,966
Fund balances at 31 March
2022 134,439 - 134,439 113,327 3,883 117,210

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.

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FYLDE CITIZENS ADVICE BUREAU LTD

BALANCE SHEET AS AT 31 MARCH 2022

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2022 2021
Notes £ £ £ £
Fixed assets
Tangible assets 10 3,822 4,224
Current assets
Debtors 11 296 4,270
Cash at bank and in hand 187,556 414,033
187,852 118,303
Creditors: amounts faliing due within
oneyear 12 (57,235) (§,317)
Net current assets 130,617 112,986
Total assets jess current liabilities 134,439 117,210
Income funds
Restricted funds 16 - 3,883
Unrestricted funds
Designated funds		 13 8,823 7,500
Genera! unrestricted funds 125,616 105,827
134,439 113,327
134,439 417,210

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 2022.

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.

The financial statements. were approved by the Management Committee on 13 October 2022

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Trustee
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Company registration number 07450392

FYLDE CITIZENS ADVICE BUREAU LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

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4 Accounting policies

Charity information

Fylde Citizens Advice Bureau Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is Council Offices Moor Street, Kirkham, Preston, Lancashire, PR4 2AU.

The accounts have been prepared in accordance with the charity's Memorandum & 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 Financlal 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 stataments 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.

Restricted funds are subject to specific conditions by donors 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.

Cash donations are recognised on receipt. Other 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 or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

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FYLDE CITIZENS ADVICE BUREAU LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 4 Accounting policies (Continued) 1.5 Expenditure Expenditure Is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use.

Restricted funds are to be used for the specific purposes as laid down by the donor. Expenditure which meets this criteria is Identified to the fund, together with a fair allocation of management and support costs.

Unrestricted charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries.!t includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs include those costs associated with meeting the statutory requirements of the charity and include the independent accountant's fees. 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, fittings & equipment 25%/100% on cost

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.

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.

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FYLDE CITIZENS ADVICE BUREAU LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

4 Accounting policies

(Continued)

41.9 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 classifled 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 untess 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 llabilities

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

1.10 Employee benefits

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.

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

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FYLDE CITIZENS ADVICE BUREAU LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

2 ~~ Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the management committee 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
2022 2021
£ £
Donationsand gifts 1,303 725
4 Charitableactivitles
Grants Grants
Receivable Recelvable
2022 2021
£ £
Performance related grants 186,285 176,853
Analysis by fund
Unrestrictedfunds 410,438 98,826
Restricted funds 75,847 78,027
186,285 176,853
Unrestricted Unrestricted
funds funds
2022 2021
£ £
Other Income 250 551

FYLDE CITIZENS ADVICE BUREAU LTD

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022 EEN 6 Charitable activities

Charitable activitiesactivities
Direct
charitable		 Direct
charitable
expenditure expenditure
2022 2021
£ £
Staffcosts 110,763 409,619
Insurance 412 399
Light & heat 4,599 3,931
Repairs & maintenance 16,066 796
Printing, stationery& computer 2,868 1,071
Talephone 7,510 3,369
Travel & training 3,027 4,070
Sundry expenses 4,970 673
Subscriptions 5,025 4,810
Legal & professional 288 648
Rent 12,250 42,250
Covid fuel grants - 917
167,778 142,553
Share of support costs (see note 7) 2,063 1,648
Share ofgovernance costs (see note 7) 768 684
170,609 144,885
Analysis by fund
Unrestricted funds 90,879 70,741
Restricted funds 79,730 74,144
170,609 144,885

FYLDE CITIZENS ADVICE BUREAU LTD

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 7 Support costs

Support costscosts
SupportGovernance
costs
£		 Governance
costs
£		 2022
£		 Support
costs
£		 Governance
costs
£		 2021
£
Depreciation 2,063 - 2,063 1,648 - 1,648
Legal and professional - 768 768 - 684 684
— —___ —_ a — —
2,063 768 2,831 1,648 684 2,332
Analysed between
Charitableactivities 2,063 768 2,831 1,648 684 2,332

Governance costs includes payments to the independent examiners of £702 (2021- £684) for accountancy fees. The charitable company is exempt from audit and therefore no auditors have been appointed.

8 Management Committee

None of the management committee (or any persons connected with them) received any remuneration during the year.

9 Employees

The average monthly number of empioyees during the year was:

2022 2021
Number Number
9 10
Employment costs 2022 2021
£ £
Wages and salaries 105,592 106,606
Other pension costs 3,082 3,043
108,674 109,619

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

FYLDE CITIZENS ADVICE BUREAU LTD

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

10 Tangible fixed assets

10 Tangible fixed assets
Fixtures, fittings &equipment
Cost
At 1April2024
Additions		 é
26,422
1,661
At 31 March 2022 28,083
Depreciation and impairment
At 1 April 2024 22,198
Depreciation charged in the year 2,063
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At 31 March 2022 24,261
Carrying amount
At 31 March 2022 3,822
At31 March2021 4,224
11. Debtors
2022 2021
Amounts falling due within one year: £ £
Trade debtors 2 -
Otherdebtors - 3,976
Prepayments and accrued income 294 294
296 4,270
12 Creditors: amounts falling due within oneyear
2022 2021
Othertaxation and social security 1,664 4,431
Othercreditors 44,787 -
Accruals and deferred income 10,784 3,886
57,235 5,317
  1. Debtors

FYLDE CITIZENS ADVICE BUREAU LTD

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

13 Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

||||||| |---|---|---|---|---| |||||Movement
|| |||In funds
Transfers
Balanceat
Incoming
Balance at
|
1 April 2021
resources 31 March 2022
|
£
£
£
£
|||| |||||i| ||||||| |Redundancy|costs|7,500|7,500|4,323
8,823
!| |||7,500|7,500|1,323
8,823|

This sum is held as designated within unrestricted reserves to cover potential redundancy costs.

14 Analysis ofnetassets between funds
Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2022 2022 2022 2021 2021 2021
£ £ £ £ £ £
Fund balances at 31
March 2022 are
represented by: ;
Tangible assets 3,822 - 3,822 4,224 - 4,224
Current assets/
(liabilities) 130,617 - 130,617 109,103 3,883 112,986
134,439 - 134,439 113,327 3,883 417,210

The charity is obliged to ensure that the unrestricted reserves are sufficient to cover three months operating costs in order that an orderly run down of the company could take place in the event of core funding being lost. The amount of reserves required to cover this obligation amounts to £41,333. The free unrestricted reserves therefore amount to £93,106.

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TF ssn FYLDE CITIZENS ADVICE BUREAU LTD

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

16 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Movementinfunds Movementinfunds Movement Infunds Movement Infunds
Incoming Resources Balance at Incoming Resources Balance at
resources expended = 1 April 2024 resources expended 31 March 2022
£ £ £ £ £ £
Fylde Borough Council
Debt project 2,500 (2,500) - - - -
Help2Claim project 44,003 (44,003) - - - -
Fylde Energy 29,151 (25,268) 3,883 - (3,883) -
National CAB remote
working 2,460 (2,460) - 40,184 (40,184) -
Fylde Borough Council - - - 100,438 (100,438) -
GPAccess - Blackpool
CAB - - - 15,000 (15,000) -
Energy Saving Trust - - - 20,663 (20,663) -
78,114 (74,231) 3,883 176,285 (180,168) -

Fylde Energy - Administration and performance of Fyide Energy Project. Help2Claim - Helping claimants of Universal Credit to complete the initial claim process. FBC Covid Fuel - to administer grants to clients for COVID related energy poverty issues. Natlonal CAB remote working - to enable home working during COVID Debt project - for distribution to clients in need.

16 Related party transactions

There were no disclosable related party transactions during the year (2021 - none).