**CARMARTHENSHIRE CITIZENS ADVICE BUREAU (A company limited by guarantee)**
## **TRUSTEE REPORT AND FINANCIAL STATEMENTS**
## **FOR THE YEAR TO 31 MARCH 2023**
**Registered Charity No 1141755**
**Company No 07600945**
## **CARMARTHENSHIRE CITIZENS ADVICE BUREAU (A company limited by guarantee)**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR TO 31 MARCH 2023**
||**Page**|
|---|---|
|Report of the Trustees’/Directors|1 - 4|
|Independent Examiners’ Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Statement of Cash Flows|8|
|Notes to the Financial Statements|9 - 13|
|Detailed Statement of Financial Activities|14 - 15|
## **CARMARTHENSHIRE CITIZENS ADVICE BUREAU (A company limited by guarantee)**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
**Charity Name** Carmarthenshire Citizens Advice Bureau **Registered Charity Number** 1141755 **Registered Company Number** 07600945 (Registered in England and Wales) **Financial Conduct Authority** 617542 **Registered Office** 113 Lammas Street Carmarthen Carmarthenshire SA31 1AP **Directors/Trustees** Howard Neil Llewellyn (Chair) Richard John Edwards Hamish William Laughland Beverley Jayne Careless Fioled Meirion Jones Huw Wyn Lloyd (Appointed 13 September 2022) **Company Secretary** R M Thomas **Senior Management Team** Suzanne Gainard - Chief Executive R M Thomas - Finance Manager **Independent Examiners** Rimmer & May Chartered Accountants 19 Murray Street Llanelli SA15 1AQ **Bankers** HSBC 4A Vaughan Street Llanelli Carmarthenshire SA15 3TY
## **CARMARTHENSHIRE CITIZENS ADVICE BUREAU (A company limited by guarantee)**
## **TRUSTEES’ REPORT FOR THE YEAR TO 31 MARCH 2023**
The Trustees who are Directors of the Charity for the purposes of the Companies Act 2006 where indicated, present their report together with the financial statements of the Charity for the year ended 31[st] March 2023. The financial statements comply with Charities Act 2011, the Company’s Act 2006, the Memorandum and Articles of Association 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) (effective 1 January 2019) Section 1A.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The organisation is a charitable company limited by guarantee, incorporated on 12[th] April 2011 and registered as a charity on 6[th] May 2011 and commenced its activities on 1[st] July 2011. The company was established and is governed under its Articles of Association which sets out its objects and powers.
## **Organisation and management**
The Charity is administered and managed by the members of the Executive Committee which shall consist of not less than three members and not more than fifteen:- honorary office holders of Chairman, Vice Chairman and Treasurer elected by members from amongst themselves at the first meeting of Carmarthenshire Citizens Advice Bureau.
A member of the Executive Committee shall cease to hold office if they become disqualified, incapable, is absent from meetings, notifies the trustees of their wish to resign, ceases to be a member or fails to declare an interest in a contract of the Charity.
The Trustee Board which comprises of Trustees/Directors, Bureau County Director and other appropriate personnel meet on a bi-monthly basis to discuss issues and future plans.
## **Recruitment and appointment of new trustees**
The names of the Trustee Board are shown on the previous page. The Charity is a company limited by guarantee and none of the officers hold any shares in the company. The Charity is administrated by a Trustee Board of between three and fifteen persons.
The Trustee Board members can either be elected at the Annual General Meeting or co-opted by the Trustee Board provided that the total number of co-opted nominated members does not exceed one third of the total members of the Trustee Board. No member of the Trustee Board can serve for more than three years without being formally re-elected.
## **Induction and training of new trustees**
New Trustees are provided with a Trustee handbook and a follow up course of induction procedures.
The company was established and is governed under its Articles of Association which sets out its objects and powers. Under those Articles the members of the Trustee Board are elected at AGM. A member may be coopted at any ordinary meeting, subject to the Articles, until the next AGM.
The charity is operated in accordance with its Articles of Association. The Trustee Board is responsible for all aspects of the Bureau. Sub committees are delegated the power to make some decisions on behalf of the Board. In other areas, recommendations are made to the Trustee Board, which makes the ultimate decision.
## **Wider network**
Carmarthenshire Citizens Advice Bureau is a member of Citizens Advice (Cita), but is an independently registered Charity and company limited by guarantee. Citizens Advice provides support services to the Bureau in the form of information and training amongst others. The Bureau is required to adopt service wide policies and comply with Membership Scheme requirements.
Page: 1
## **CARMARTHENSHIRE CITIZENS ADVICE BUREAU (A company limited by guarantee) TRUSTEES’ REPORT**
**FOR THE YEAR TO 31 MARCH 2023 (Cont’d)**
## **Relationships with other organizations**
The Charity has links with Carmarthenshire County Council, Carmarthenshire Social Services, Citizens Advice Cymru, and Welsh Government. We have approximately 60 partner organization who make daily referrals into our service.
## **Risk management**
The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
During the year the Board has reviewed each of the Bureau’s operations and activities as part of an overall risk assessment approach. All new ventures are appraised on the basis of the risks identified and the procedures and policies associated with the minimisation of such risks that are significant. In addition, the Bureau is subject to regular audit by Citizens Advice.
## **OBJECTIVES AND ACTIVITIES**
The aims and objects of the Charity are to provide the following:Free, independent, confidential and impartial advice to everyone on their rights and responsibilities. It values diversity, promotes equality and challenges discrimination. The service aims:
- To provide the advice people need for the problems they face;
- To improve the policies and practices that affect people’s lives.
## **Charity’s public benefit**
The Charity exists to provide advice to members of the public. It is part of the Charity’s ethos to meet the changing needs of the people of Carmarthenshire and to be responsive to their requests for advice. Any surplus generated from the provision of our services is reinvested for the benefit of the public in the future. We have referred to the guidance contained in the Charity commissioner’s general guidance on public benefit when reviewing our aims and objectives and in planning our future activities.
## **Volunteers**
Having lost several of our volunteers at the beginning of the Pandemic the Bureau currently has two active volunteers, one of which has a lengthy service exceeding 10 years. The Trustees Board would like to thank both volunteers for their substantial work during the period.
## **ACHIEVEMENTS AND PERFORMANCE**
## **Review of activities**
Carmarthenshire Citizens Advice was awarded the Advice Quality Standard - General Help, and Specialist Debt and Welfare Benefits with Casework - in October 2021. We are now in year two of our three-year audit cycle.
We have received additional funding from the following: -
- Energy Projects (Cita) to provide advice around energy savings, Carbon Monoxide awareness.
- Single Advice Fund 1[st] April 2022 to 31[st] March 2023 to provide Generalist Advice, social welfare rights-based information, advice services together with specialist debt and welfare benefits advice.
- • Moondance Foundation – to support generalist Advice.
- Unresticted Funding – to support generalist Advice.
Page: 2
## **CARMARTHENSHIRE CITIZENS ADVICE BUREAU (A company limited by guarantee) TRUSTEES’ REPORT FOR THE YEAR TO 31 MARCH 2023 (Cont’d)**
## **FINANCIAL REVIEW**
The charity relies largely on grants received which were of a satisfactory level in the sum of £ 585,899 (2022: £728,300). Overall the fund balances (including assets and liabilities) carried forward are £478,841 made up of £428,377 restricted funds and £50,464 unrestricted funds. An overall deficit of £ 20,109 (2022: surplus £117,745) was made in the year on total funds before transfers and unrealised gains.
## **Reserves policy**
Total funds held at 31 March 2023 amounted to £478,841 made up of £428,377 restricted funds and £50,464 unrestricted funds.
It is the policy of the charity that reserves should be maintained where possible at a level equivalent of at least £120,000. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised.
## **Investment policy**
The Charity invests its funds in bank deposits and is continually seeking to obtain better rates of return.
## **Remote working**
We continue to deliver a remote service through the following advice channels: Telephone, Web Chat, Video Call, Drop-in Video Call and Email.
We continue to provide the following equipment, laptop, phone, desk, support equipment and IT support. We have achieved the ‘Cyber Essentials Plus’ Certificate.
## **FUTURE DEVELOPMENTS**
Working in partnership with Carmarthenshire County Council we deliver advice from the three Hwb’s Carmarthen (Monday) Ammanford (Tuesday) Llanelli (alternate Wednesday and Thursday). We attend ‘Advice Events’ held by AM’s, MP’s and Partner Organisations building a trusted pathway to advice.
Page: 3
## **CARMARTHENSHIRE CITIZENS ADVICE BUREAU (A company limited by guarantee) TRUSTEES’ REPORT FOR THE YEAR TO 31 MARCH 2023 (Cont’d)**
## **Responsibilities of the Trustees**
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent; and
- prepare the financial statements on the going concern basis unless it is inappropriate to assume that the company will continue on that basis.
The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to Small Companies. The report also contains a director’s report as required by Company Law.
Approved by the Executive Committee on July 2023 and signed on its behalf by:
……………………………………………………………… ……………………………………………………………… Mr H N Llewellyn – Chair Mr R J Edwards Director/Trustee Director/Trustee
Page: 4
## **CARMARTHENSHIRE CITIZENS ADVICE BUREAU**
## **(A company limited by guarantee)**
## **Independent examiner’s report to the Trustees of Carmarthenshire Citizens Advice Bureau**
I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2023, which are set out on pages 6 to 13.
## **Responsibilities and basis of report**
As the charity’s trustees of the company (who are also the directors of the company for the purpose of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the company 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 your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner’s report**
The company’s gross income exceeded £250,000 and I confirm that I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales.
I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe:
- (1) accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
- (2) the accounts do not accord with those accounting records; or
- (3) the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or
- (4) the accounts have not been prepared in accordance with the Charities SORP (FRS 102).
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 accounts to be reached.
Alan Martin Evans F.C.A Chartered Accountant Rimmer & May Chartered Accountants 19 Murray Street Llanelli Carmarthenshire SA15 1AQ
Date:
Page: 5
## **CARMARTHENSHIRE CITIZENS ADVICE BUREAU**
## **(A company limited by guarantee)**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR TO 31 MARCH 2023**
|**Unrestricted**
**Funds**
**2023**
**Notes £**
**INCOME FROM**
Charitable activities
2
146,208
Donations
3
150
Investment income
4
_1,837
**Total income**
148,195
**EXPENDITURE ON:**
Charitable activities
5
216,729
Total expenditure
216,729
**NET (EXPENDITURE) INCOME**
(68,534)
Gross transfers between funds
11128,401
**Net movement in funds**
59,867
**RECONCILIATION OF FUNDS:**
Total funds brought forward
(9,403)
**Total funds carried forward**
50,464|**Restricted**
**Funds**
**2023**
**£**
439,691
-
___-
439,691
391,266
391,266
48,425
(128,401)
(79,976)
508,353
428,377|**Total**
**Funds**
**2023**
**£**
585,899
150
1,837
587,886
607,995
607,995
(20,109)
_____-
(20,109)
498,950
478,841|**Total**
**Funds**
**2022**
**£**
728,300
700
_ _40
729,040
611,295
611,295
117,745
-
117,745
381,205
498,950|
|---|---|---|---|
All activities relate to continuing operations and there are no gains or losses other than those shown above.
The notes form part of these financial statements
Page: 6
## **CARMARTHENSHIRE CITIZENS ADVICE BUREAU (A company limited by guarantee) Registered Number 07600945**
## **BALANCE SHEET AS AT 31 MARCH 2023**
|
**Notes**
**FIXED ASSETS**
Tangible Assets
8
**CURRENT ASSETS**
Debtors
9
Bank and Cash
**CREDITORS**
Amounts falling due within one year
10
**NET CURRENT ASSETS**
**NET ASSETS**
**CHARITY FUNDS**
11
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|**Total**
**Funds**
**2023**
**£**
15,129
17,085
500,180
517,265
(53,553)
463,712
478,841
50,464
428,377
478,841|**Total**
**Funds**
**2022**
**£**
15,439
29,277
486,631
515,908
(32,397)
483,511
498,950
(9,403)
508,353
498,950|
|---|---|---|
The Trustees consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 (“the Act”) and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.
The trustees acknowledge their responsibilities for:
- i. ensuring that the charitable company keeps accounting records that comply with Section 386 of the Companies Act 2006; and
- ii. preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial period and of its surplus or deficit for each financial period in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the Small Companies regime and in accordance with FRS 102 Section 1A and the Charities SORP (FRS 102).
The financial statements were approved by the trustees on July 2023 and signed on their behalf, by
………………………………………………………….. …………………………………………………………… Mr H N Llewellyn – Chair Mr R J Edwards (Director/Trustee) (Director/Trustee)
The notes form part of these financial statements
Page: 7
## **CARMARTHENSHIRE CITIZENS ADVICE BUREAU**
## **STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023**
|**Note**
**Cash flows from operating activities**
Net cash income
**Adjustments to cash flows from non-cash items**
Depreciation 8
Loss on disposal of tangible fixed assets
Investment income
4
**Working capital adjustments**
(Increase)/decrease in debtors
9
Increase/(decrease) in creditors
10
Net cash flows from operating activities
**Cash flows from investing activities**
Interest receivable and similar income
4
Purchase of tangible fixed assets
8
Net cash flows from investing activities
**Net increase/(decrease) in cash and cash equivalents**
Cash and cash equivalents at 1 April 2022
Cash and cash equivalents at 31 March 2023
**Reconciliation of net cash flow to movements in net funds**
Increase/(decrease) in cash
Net funds at 1 April 2022
Net funds at 31 March 2023|**2023**
**2022**
£ £
(20,109) 117,745
3,453 4,302
4,986
-
(1,837)
(40)
(13,507) 122,007
12,192 (632)
21,156 17,327
19,841 138,702
1,837
40
(8,129)(2,761)
(6,292)(2,721)
13,549 135,981
486,631 350,650
500,180 486,631
13,549 135,981
486,631 350,650
500,180 486,631|
|---|---|
All of the cash flows are derived from continuing operations during the above two years.
## **Notes to the Cash Flow Statement**
|**Analysis of changes in net debt**
**Net Cash**
Cash at bank and in hand
**Debt**
Debts falling due within 1 year
**Total**|At 1.4.22
£
486,631
(32,397)
454,234|Cash flow
At 31.3.23
£
£
13,549
500,180
(21,156)(53,553)
(7,607) 446,627|Cash flow
At 31.3.23
£
£
13,549
500,180
(21,156)(53,553)
(7,607) 446,627|
|---|---|---|---|
|||
||
||||
|
Page: 8
## **CARMARTHENSHIRE CITIZENS ADVICE BUREAU (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 31 MARCH 2023**
## 1 **ACCOUNTING POLICIES**
## **Summary of significant accounting policies and key accounting estimates**
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
## **Statement of compliance**
The financial statements have been prepared in accordance with 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) (effective 1 January 2019) – (Charities SORP (FRS 102)), The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) section 1A. They also comply with the Companies Act 2006 and Charities Act 2011.
## **Basis of preparation**
Carmarthenshire Citizens Advice Bureau meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
The financial statements are prepared in sterling which is the functional currency of the entity.
## **Going concern**
The financial statements have been prepared on a going concern basis.
The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.
## **Income**
Grants and donations are recognised on entitlement once conditions of certainty and measurement are met. Grant income is recognised on an accruals basis and is allocated on a strict basis to the period to which it relates.
## **Expenditure**
All expenditure incurred by the charity relates to its charitable activities i.e., providing advice to the community and is allocated accordingly. Governance costs relate to the provision of accountancy fees and also trustees meetings expenses and are allocated accordingly. The accruals basis has been adopted for the recognition of liabilities.
## **Use of volunteers**
The charity relies on up to 2 fully trained volunteers who carry out a wide range of advice work and administrative tasks, apart from the cost of training and reimbursement of travel expenses. The donated services of volunteers in the course of undertaking the charitable and income generating activities is not recognised within the Statement of Financial Activities.
## **Leasing**
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
## **Pensions**
The pension costs charged in the financial statements represent the contribution paid by the charity during the year to a defined contribution money purchase scheme.
## **Taxation**
The Charity is exempt from corporation tax on its charitable activities.
Page: 9
## **CARMARTHENSHIRE CITIZENS ADVICE BUREAU (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 31 MARCH 2023 (Cont’d)**
## **Tangible Fixed Assets and Depreciation**
Tangible fixed assets are included at valuation on commencement in July 2011 and at cost thereafter less accumulated depreciation. Depreciation is provided to write down the net book value of the assets at the following rates:-
Fixtures, Fittings and Equipment – 25% reducing balance method
## **Trade Debtors**
Trade debtors are amounts due from grant providers towards services provided in the financial year. Trade debtors are recognised at the transaction price.
## **Trade Creditors**
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business by suppliers. Trade creditors are recognized at the transaction price.
## **Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
|2
**INCOME FROM CHARITABLE ACTIVITIES**
Contracts and fees – Citizens Advice & Welsh Office
Grants – Carmarthenshire County Council
3.
**DONATIONS**
Donations
4.
**INVESTMENT INCOME**
Interest receivable
5.
**EXPENDITURE ON CHARITABLE ACTIVITIES Governance**
Local partnership payment
Employment costs
Establishment
Office and administrative expenses
Sundry and other costs
Cost of Trustee meetings, travel and training
Legal and professional fees
Accountancy and Independent Examination
3,900
Depreciation of tangible fixed assets
Loss on disposal of tangible fixed assets
3,900|**2023**
**£**
425,035
160,864
585,899
**2023**
**£**
150
**£**
1,837
**Support**
**Costs**
**£**
500
512,562
13,699
63,966
126
-
4,803
-
3,453
4,986
604,095|**2022**
**£**
567,436
160,864
728,300
**2022**
**£**
700
**£**
40
**Total**
**£**
500
512,562
13,699
63,966
126
-
4,803
3,900
3,453
4,986
607,995|
|---|---|---|
Page: 10
## **CARMARTHENSHIRE CITIZENS ADVICE BUREAU (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 31 MARCH 2023 (Cont’d)**
## 6. **TRUSTEES’ REMUNERATION AND BENEFITS**
There were no trustees’ remuneration or other benefits for the year ended 31 March 2023. Reimbursement of travel expenses and training were made totalling £0 (2022 £ 0).
|7.
**EMPLOYEES**
**Number of employees**
The average monthly number of employees during the year was:
Manager and project caseworkers
Management and administration of the charity
**Employment costs**
Gross wages and salaries
National insurance
Pension costs
Staff training and conferences
|**20232022**
18
17
2
2
20
19
**2023 2022**
**£ £**
459,677
476,177
38,054
37,813
13,708
13,385
1,123
____510
512,562
527,885|
|---|---|
There were no employees whose annual remuneration was £60,000 or more. In addition, approximately four volunteers provided support during the year.
8.
|8.
**FIXED ASSETS**
**Cost**
At 1 April 2022
Additions in year
Disposals
At 31 March 2023
**Depreciation**
At 1 April 2022
Depreciation charge for the year
Elimination on disposals
At 31 March 2023
**Net Book Value**
At 31 March 2023
At 31 March 2022
9
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Debtor – Charitable income
Prepayments
10
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Grant paid in advance
Taxation & Social Security
Accruals|**Office equipment**
**and furniture**
**£**
27,714
8,129
(11,995)
23,848
**£**
12,275
3,453
(7,009)
8,719
15,129
15,439
**20232022**
**£ £**
16,295
28,790
790
487
17,085
29,277
**20232022**
**£ £**
34,126
-
10,874
8,950
8,553
23,447
53,553
32,397|
|---|---|
Page: 11
## **CARMARTHENSHIRE CITIZENS ADVICE BUREAU (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 31 MARCH 2023 (Cont’d)**
|11
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General Advice Fund & Universal Support
**Restricted funds**
**TOTAL FUNDS**|**At Net Movement Transfers**
**01.04.22 in funds**
**£ £ £**
(9,403) (68,534) 128,401
508,353 48,425(128,401)
498,950(20,109) -|**At**
**31.03.23**
**£**
50,464
428,377
478,841|
|---|---|---|
## **Restricted funds**
The income funds of the charity include restricted funds comprising the following unexpended balance of grants and donations held on trust for specific purposes:-
|
Welfare Rights
Central Fund
Masdap
Front Line Advice
Single Line advice
Carbon Monoxide Advice|
**Balance at**
**1 April 2022**
**£**
74,582
261,257
79,606
67,461
25,447
-
508,353|**Movement in funds**
**Income Expenditure Transfers Balance at**
**31 March 2023**
**£** **£ £ £**
14,656
(14,669)
-
74,569
137,778
(74,274)
-
324,761
-
-
(79,606)
-
-
-
(67,461)
-
277,057
(273,457)
-
29,047
10,200
(28,866) 18,666 -
439,691(391,266)(128,401)428,377|
|---|---|---|
## **Transfers**
Any restricted funds that are in deficit are supported by the central core fund. Any deficit made by a particular fund is absorbed by the core fund and any such funds are left with a nil retained reserve carried forward.
The Masdap and Front Line Advice projects were completed in previous years as all targets were met in relation to this income and there will be no clawback. The balances have therefore been transferred to unrestricted funds.
The specific purposes for which the funds are applied are as follows:
Generalist Advice – Funded by Carmarthenshire County Council for generalist advice - unrestricted.
Welfare Rights - Funded by Carmarthenshire County Council for benefits advice.
Claim what’s Yours – Project to assist clients with obtaining benefits maximization – included in central funds.
Adviceline (SAS) – Welsh Government funding to provide social welfare rights based information and advice services together with specialised debt advice.
Energy advice programmes – projects to give energy advice – included in central funds.
British Gas – Funding to continue the delivery of advice and support through the Warmer Wales initiative – included in central funds.
Page: 12
## **CARMARTHENSHIRE CITIZENS ADVICE BUREAU (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 31 MARCH 2023 (Cont’d)**
## 12 **FINANCIAL COMMITMENTS**
At 31 March 2023 the company had commitments under non-cancellable operating leases over the remaining life of those leases of £0 (2022 £0).
## 13 **RELATED PARTY TRANSACTION**
In April 2011 Citizens Advice Bureau, Ammanford were awarded substantial compensation monies of approximately £160,000 under the proceeds of crime act. No monies were received by the Bureau in the year ending 31 March 2023. HM Courts & Tribunals Services are currently unable to speculate as to the time scale for the balance of the compensation to be paid and as a result no provision has been made in these accounts for the recovery of the balance of the award. Apart from this the Trustees have considered the position and confirm that there are no other related party disclosures.
## 14 **CONTINGENT LIABILITY**
The trustees have been made aware of an accident claim by a member of staff. Having considered the matter they believe that there is no merit in the claim but that any claim would be covered by insurance cover and that ultimately there will be no financial liability to the Charity.
_________________________________________________________________________________________
Page: 13
## **CARMARTHENSHIRE CITIZENS ADVICE BUREAU**
## **(A company limited by guarantee)**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR TO 31 MARCH 2023**
|
**£**
**INCOME FROM:**
**Charitable Activities**
Contracts and fees – Citizens Advice & Welsh Office
425,035
Grants – Carmarthenshire County Council
160,864
_____
**Donations**
**Investment Income**
Deposit account interest
**TOTAL INCOME**
**EXPENDITURE ON CHARITABLE ACTIVITIES:**
**Support Costs**
Local partnership payment – Garnant Family Centre
500
Wages – salaries
497,731
Staff pension costs
13,708
Staff training and conferences
1,123
Staff travel
3,191
Volunteer travel and expenses
-
Subsistence and refreshments
25
Rent
7,500
Water rates
37
Heating and lighting
3,987
Insurance
5,145
Postage, stationery and computer costs
21,710
Licences – Video calling platform
-
I T equipment support, telephone & internet
28,141
Reference materials
5,172
Cleaning, repairs and maintenance
2,175
Legal and professional
4,803
Bank charges
126
General expenses
582
Depreciation
3,453
Loss on disposal of equipment
4,986
**Carried Forward**
604,095|**2023**
**£ £**
567,436
160,864
585,899
____
150
1,837
_____
587,886
-
513,990
13,385
510
1,963
245
73
14,825
84
13,400
4,655
6,556
3,109
21,530
4,320
3,448
1,150
137
13
4,302
____-_
607,695|**2022**
**£**
728,300
700
40
_____
729,040|
|---|---|---|
This pages does not form part of the statutory financial statements
Page: 14
## **CARMARTHENSHIRE CITIZENS ADVICE BUREAU**
## **(A company limited by guarantee)**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR TO 31 MARCH 2023 (Cont’d)**
|
**£**
**Brought Forward**
**Governance costs**
Trustees training and travel costs
-
Accountancy
3,900
_____
**TOTAL EXPENDITURE**
**NET (EXPENDITURE) INCOME**|**2023**
**£ £**
604,095
-
3,600
3,900
____
607,995
(20,109)|**2023**
**£ £**
604,095
-
3,600
3,900
____
607,995
(20,109)|**2022**
**£**
607,695
3,600
611,295
117,745|
|---|---|---|---|
||
||
|
|||||
This page does not form part of the statutory financial statements
Page: 15