Company Registration No. 06150651 (England and Wales)
Charity No: 1153582
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL
STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
FOR
CITIZENS ADVICE ESSEX LIMITED
CITIZENS ADVICE ESSEX LIMITED CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner’s Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Statement of Cash Flows | 10 |
| Notes to the Financial Statements | 11 |
CITIZENS ADVICE ESSEX LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of Citizens Advice Essex Limited (the company) for the year ended 31 March 2022. The trustees confirm that the Annual Report and financial statements of the company comply with current statutory requirements, the requirements of the company’s governing document 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 published in October 2019.
REFERENCE AND ADMINISTRATIVE DETAILS
Charity name
Citizens Advice Essex Limited
Registered company number
06150651 (England and Wales)
Registered charity number 1153582
Registered office & operational address
Council Offices Princes Road Maldon Essex CM9 5DL
Company Secretary Riccardo Tazzini
Trustees & Company Directors
Richard Armitage Andrew Hunter (Resigned 9 July 2022) David Pickles - Chair (Resigned 20 July 2022) Susan Wilson John Barber Keith Dabbs (Resigned 10 February 2022) Tonia Parsons (Resigned 10 March 2022) Jean Wells (Resigned 13 May 2021) Philip Wakeling Paula Whittle Nigel Conway David Jarvis Riccardo Tazzini - Independent Treasurer Chloe Tron (Appointed 10 February 2022, Resigned 20 July 2022) Georgina Placey (Appointed 10 March 2022) Stuart Freel (Appointed 9 July 2022) Michael Barthee (Appointed 20 July 2022) John Gilbert - Chair (Appointed 20 July 2022)
Independent Examiner
Mark Goldman FCA M J Goldman (Chartered Accountants) MJG Accounts Limited Hollinwood Business Centre Albert Street Oldham OL8 3QL
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CITIZENS ADVICE ESSEX LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022
Bankers
Unity Trust Bank Four Brindleyplace Birmingham B1 2JB
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Charity was incorporated as a private company limited by guarantee on the 12 March 2007, number 06150651. It is governed by a Memorandum and Articles of Association that were adopted by the Board on 5 December 2018. It registered as a charity, number 1153582, with the Charities Commission on the 29 August 2013.
Organisation and appointment and training of trustees
Citizens Advice Essex Limited is governed by its Trustee Board, whose composition is detailed at the front of this document. The Directors of the company are also the Trustees for the purposes of charity law. The Trustees carry the ultimate responsibility for the conduct of the Charity and for ensuring that the Charity satisfies its legal and contractual obligations. Trustees meet as a minimum quarterly.
The members of the Charity are made up of the individual Local Citizens Advice (LCAs) within the county of Essex. Under the requirements of the Memorandum and Articles of Association each member is entitled to appoint one Trustee to the Trustees board and each trustee shall have one vote at all meetings of the Trustee Board.
Both the Chair and the Treasurer of the Charity are independent Trustees.
The Trustee Board may co-opt up to three Trustees in addition to those appointed by members. Co-opted Trustees shall serve for terms of three years from the date of their appointment and may then be re-appointed.
Trustees therefore are usually exclusively Trustees of the member organisations. As such they are drawn from the various local communities within Essex and have a broad range of skills and backgrounds. Newly appointed Trustees will usually have acted as a Trustee of their member LCA for a number of years prior to appointment, and therefore will have received comprehensive inductions to the role of a Trustee, within their respective LCA.
Risk management
The Trustees recognise that any major risks to which the Charity is exposed need to be reviewed and systems put in place to mitigate those risks.
The Trustees have a duty to identify and review the risks to which the Charity is exposed and to ensure that appropriate controls are in place to provide reasonable assurance against fraud and error. The Trustees have implemented processes which evaluate the risks associated with the key areas within the operation of the Charity. The Trustees operate a range of committees including Finance, Strategic Planning and Operations to discharge effective governance on behalf of the Board. These include regular review of key risks through Trustees meetings and the monitoring of the processes utilised to manage those risks.
The key risk to the Charity is currently the main funding source from Essex County Council. Should any of the agreements with the council cease and not be renewed, then it would be necessary for the Charity to restructure or look for alternative funding.
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CITIZENS ADVICE ESSEX LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022
OBJECTIVES AND ACTIVITIES
Aims, objectives, strategies and activities
The Charity’s objects are to promote any charitable purpose for the benefit of the community of Essex, the Unitary Authorities, plus surrounding areas (“the areas of benefit”) by the advancement of education, the protection and preservation of health and the relief of poverty, sickness and distress.
This is achieved by assisting the member LCAs to secure funding from Essex County Council and other county and national level bodies, acting as a conduit to the processing of these funds and to streamline the relationship between the LCAs and funders. Citizens Advice Essex Limited receives funding directly from Essex County Council, currently in regards to three funding sources, and then distributes these between its member LCAs, meaning that Essex County Council only requires one point of contact.
How our activities deliver public benefit
Citizens Advice Essex Limited aims to meet its charitable objectives by assisting its member LCAs to provide free, confidential, impartial and independent advice and information for the benefit of the community of Essex.
The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the year, the Charity continued to assist consortium member Local Citizens Advice (LCAs) in securing and administering funding from Essex County Council. Funding consisted of continuing grant funding for general advice valued at £122,000 annually. This funding, which supports the LCAs' core activities, is distributed proportionally based on local needs and in its entirety.
In addition, Essex County Council provided further funding to Citizens Advice Essex under the Contain Outbreak Management Fund (COMF). This significant funding supported the LCA in their response to the pandemic in terms of volunteer recruitment, training and the digital transformation efforts that enabled them to support clients in similar numbers through the pandemic as prior, but through non face-to-face channels. Some of the monies received have been treated as income in advance as at the year end as we sought and obtained approval for funding deployment to continue beyond the financial year. Irrespective, the investment in core infrastructure and the network's capacity to work digitally will provide a legacy into the future. It is noteworthy that of the funding received under this fund, Citizens Advice Essex retained, and on agreement with the funder, less than 1.5% of the fund value to coordinate activities and provide central monitoring and reporting.
The Charity was appointed by Citizens Advice in 2018/19 to take on the role of Best Practice Lead for Essex for Universal Credit best practice development support as part of the national "Help to Claim" service. This resulted in the appointment of the Charity's then first employee. This work continued with the worker hosted by one of the member LCA, although this ceased by year-end in line with a remodelled Help to Claim service.
As part of the Charity's strategic plan, we had previously appointed a Business Development manager to raise the Charity's profile with external stakeholders and influence their funding and commissioning decisions. The appointment is funded by the Thriving Third Sector Fund, administered by the Essex Community Foundation (ECF) and the LCAs in Essex. The role continues and now also encompasses strategic development and the management and supervision of employees directly employed in the delivery of new projects and initiatives. The Charity directly employed four members of staff throughout the year.
A successful application made in 2019 to the Warm Homes Fund via Essex County enabled us to continue to draw down and pass on this funding against a total funding allocation of £774,000 over two years. Services supporting clients who are in fuel poverty are delivered via the member LCAs. The project's duration was extended during the year, meaning it will continue into the financial year 2022/23.
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CITIZENS ADVICE ESSEX LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022
A successful application, made in 2020, for funding from the Energy Redress Fund "main fund" programme, again supporting the delivery of services throughout the consortium to help alleviate conditions for clients experiencing fuel poverty. The total funding allocation was £348,000, and we have been able to continue to draw down against this allocation and pass on this fund to participating consortium LCA throughout the year. The geographic scope of this project encompasses Southend and Thurrock, in addition to Essex, as befits the remit of component consortium members.
Funding was received to support the delivery of a successful "emergency fuel voucher" scheme – again funded by the Energy Redress Scheme with administration shared between Citizens Advice Essex and a consortium member. This scheme supports the delivery of fuel vouchers by member LCA who are at risk of (or already have) "self-disconnected" from their energy supply as they use a prepayment meter.
Of note and strategic significance, the Charity directly provided funded training activity through funding from Saffron Building Society to provide debt awareness training for their staff and through Citizens Advice nationally, who selected us as the Regional Energy Lead part of which required us to deliver training to over 300 frontline workers throughout Essex and neighbouring counties.
Fundraising activities
Total income for the year was £1,178,851.
Investment activities
Due to the current size of the charity, all funds are presently held on deposit. The charity does not currently hold any other type of investment.
FUTURE PERIODS
The Charity will continue to work to achieve a sustainable future for the provision of Citizens Advice services throughout Essex & the Unitary Authorities.
The Charity plans to refine changes in its business development and operational governance during the year to better manage future challenges.
We will continue to develop our relationship with statutory organisations, including local authorities, health, and police services, and look for imaginative and innovative ways to support their people-focussed objectives.
Other potential funding sources have been identified for services that the LCAs will deliver. Such resources are almost always time project-specific and linked to outcomes.
FINANCIAL REVIEW
Financial position
Incoming resources in the year were £1,178,851 (2021: £666,734). Of this £1,170,870 (2021: £598,534) related to project restricted activities.
The surplus of income over expenditure for the year was £4,953 (2021: £9,036). At 31 March 2022, total reserves were £80,865 (2021: £75,912), of which £70,644 were unrestricted and £10,221 were restricted.
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CITIZENS ADVICE ESSEX LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022
Reserves policy
Each year, the Trustees review the reserves policy and consider the appropriate level of reserves for the organisation to hold. They consider the level appropriate for the current size and complexity of the organisation, the economic environment, the risks and known investment plans above and beyond annual budgeted costs. Trustees also consider our current risk profile, balancing the need to reflect that risk, while making sure funds are not held unnecessarily at the expense of committing funds to meet charitable objectives.
In September 2021, the Board of Trustees agreed a revised reserves policy recommended to them by the Finance Committee. The policy is to hold in free reserves (unrestricted funds and designated reserves) the equivalent of 3 to 6 months’ core operating costs for the staff pay, fixed running costs plus any redundancy and closedown liabilities. This means the target range for the year 2022/22 of between at least £30,000 to £50,000. As at 31 March 2022, unrestricted funds (general fund plus designated funds) totalled £70,644, which is comfortably ahead of the target range.
Funds in deficit
No funds were in deficit at the balance sheet date.
Principal funding sources
The Trustees extend their gratitude to Essex County Council who continue to support the Charity and its members in their operations.
The Charity’s members continue to provide additional funding when required to meet operational costs and during the year this totalled £2,750 (2021: £3,150).
Investment policy and objectives
Due to the size of the charity and its cash flow requirements, all funds are held on deposit or in low-risk investments, in furtherance of its objects, and for no other purpose. The charity has the power to invest the monies of the charity not immediately required for its purposes in or upon such investments, securities or property as may be thought fit, subject nevertheless to such conditions and such consents as may for the time being be imposed or required by law.
TRUSTEES’ RESPONSIBILITIES STATEMENT
The Trustees (who are also directors of Citizens Advice Essex Limited for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
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 and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing the financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP 2019 (FRS 102);
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
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CITIZENS ADVICE ESSEX LIMITED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2022
| Year ended 31 March 2022 Notes Unrestricted funds Restricted funds Total funds £ £ £ Income from: Charitable activities 2 5,200 1,170,870 1,176,070 Investment income 3 31 - 31 Other 4 2,750 - 2,750 _ _ _ Total income 7,981 1,170,870 1,178,851 Expenditure on: Charitable activities 5 3,028 1,170,870 1,173,898 _ _ _ Total expenditure 3,028 1,170,870 1,173,898 _ _ _ Net income / (expenditure) 4,953 - 4,953 Transfers between funds - - - _ _ _ Net movement in funds 4,953 - 4,953 Reconciliation of funds Total funds brought forward 65,691 10,221 75,912 _ _ _ Total funds carried forward 70,644 10,221 80,865 _ _ _ |
Year ended 31 March 2021 Total funds £ 663,534 50 3,150 _ 666,734 657,698 _ 657,698 _ 9,036 - _ 9,036 66,876 _ 75,912 _ |
|---|---|
The accompanying notes form part of these financial statements.
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CITIZENS ADVICE ESSEX LIMITED BALANCE SHEET AS AT 31 MARCH 2022
| Notes Unrestricted funds Restricted funds £ £ Fixed assets Tangible assets 9 114 - _ _ 114 - Current assets Debtors 10 2,162 98,689 Cash at bank and in hand 77,844 162,768 _ _ 80,006 261,457 Liabilities Amounts falling due within one year 11 (9,476) (251,236) _ _ Net current assets 70,530 10,221 _ _ Total assets less current liabilities 70,644 10,221 _ _ Net assets 70,644 10,221 _ _ Funds of the Charity: Unrestricted funds: 12 General funds Designated funds Restricted funds Total charity funds |
2022 Total funds £ 114 _ 114 100,851 240,612 _ 341,463 (260,712) _ 80,751 _ 80,865 _ 80,865 _ 25,643 45,001 10,221 _ 80,865 _ |
2021 Total funds £ 312 _ 312 95,563 131,987 _ 227,550 (151,950)1 _ 75,600 _ 75,912 _ 75,912 _ 20,690 45,001 10,221 _ 75,912 _ |
|---|---|---|
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CITIZENS ADVICE ESSEX LIMITED STATEMENT OF CASH FLOWS AS AT 31 MARCH 2022
| Notes Cash flows from operating activities Net movement in funds Adjustment to cash flows from non-cash items Depreciation Investment Income 3 Working capital adjustments Decrease/(increase) in debtors 10 (Decrease)/increase in creditors 11 Net cash flows from operating activities Cash flows from investing activities Interest receivable and similar income 3 Purchase of tangible fixed assets Net cash flows from investing activities Cash flows from financing activities Repayment of borrowing Net cash flows from financing activities Net increase in cash and cash equivalents Cash and cash equivalents at 1 April Cash and cash equivalents at 31 March Cash and cash equivalents consists of: Cash at bank and in hand Cash and cash equivalents at 31 March |
2022 2021 £ £ 4,953 9,036 198 196 (31) (50) _ _ 5,120 9,182 (5,288) (95,563) 108,762 147,005 _ _ 108,594 60,624 _ _ 31 50 - - _ _ 31 50 _ _ - - _ _ - - _ _ 108,625 60,674 131,987 71,313 _ _ 240,612 131,987 _ _ 240,612 131,987 _ _ 240,612 131,987 _ _ |
|---|---|
All of the cash flows are derived from continuing operations during the above two periods.
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CITIZENS ADVICE ESSEX LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
1. ACCOUNTING POLICIES
Basis of preparation of financial statements
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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Companies Act 2006 and UK Generally Accepted Accounting Practice.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
Citizens Advice Essex Limited meets the definition of a public entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
Preparation of the accounts on a going concern basis
The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
Income
All incoming resources are included on the Statement of Financial Activities when the Charity is legally entitled to the income, it is probable that the income will be received and the amount can be quantified with reasonable accuracy.
Bank interest is included in the income and expenditure account on receipt.
Expenditure
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of the resources.
Governance costs include those costs associated with meeting the constitutional and statutory requirements for the charity and include accountant’s fees and costs linked to the strategic management of the Charity.
Taxation
The charity is exempt from corporation tax on its charitable activities. The Charity is not registered for VAT and accordingly all expenditure includes VAT as appropriate.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life, which in all cases is estimated to be 5 years from initial acquisition.
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments and accrued income comprise payments made in advance relating to the following year and income relating to the current year, which will not be invoiced until after the balance sheet date.
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CITIZENS ADVICE ESSEX LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
Cash at bank and in hand
Cash at bank and cash in hand includes 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 provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Restricted funds
Income received for the restricted purposes is included in a separate restricted fund against which appropriate expenditure is allocated.
Designated funds
Designated funds are allocated out of unrestricted funds by the Trustees for specific purposes. The use of such funds is at the Trustees’ discretion.
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2. INCOME FROM CHARITABLE ACTIVITIES
| Essex County Council – Contain Outbreak Management fund Essex County Council – SLA Essex County Council – Warm Homes Essex County Council – Covid-19 assistance Essex Community Fund Essex Community Foundation – Covid-19 assistance Energy Saving Trust – Energy Redress Covid-19 Crisis Fund Energy Saving Trust – Warm Start Essex Citizens Advice – Big Energy Saving Network Universal Credit Best Practice Lead Saffron Building Society – Debt Awareness Training |
2022 £ 536,817 122,000 297,112 - 14,167 - 23,606 122,052 15,137 39,979 5,200 _ 1,176,070 _ |
2021 £ - 122,000 215,053 65,000 13,333 60,000 119,776 28,724 - 39,648 - _ 663,534 _ |
|---|---|---|
The income from charitable activities was £1,176,070 (2021: £663,534) of which £1,170,870 was restricted (2021: £598,534).
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CITIZENS ADVICE ESSEX LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
3. INVESTMENT INCOME
| Bank interest received 4. OTHER INCOME Income from members Income of £2,750 received from members represents subscriptions paid by Citizens Advice to support the general running costs of the Charity, which in of the member Local Citizens Advice themselves. 5. RESOURCES EXPENDED Unrestricted funds Restricted funds £ £ General Advisory Services 3,028 1,170,870 Governance Costs - - _ _ 3,028 1,170,870 _ _ Natural classification of expenditure Provision of SLA Provision of Warm Homes Provision of Energy Redress Covid-19 Crisis Partner costs Staff and training costs Outsourced support Recruitment costs Support costs Office costs Governance costs Other costs |
2022 2021 £ £ 31 50 _ _ 31 50 _ _ 2022 2021 £ £ 2,750 3,150 _ _ 2,750 3,150 _ _ the Charity’s member Loca turn supports the activities Total Funds 2022 Total Funds 2021 £ £ 1,173,898 654,859 - 2,839 _ _ 1,173,898 657,698 _ _ 2022 2021 £ £ 122,000 122,000 3,528 1,689 - 108,410 894,711 317,895 129,596 91,006 13,292 4,062 488 1,930 - 3,000 3,265 1,656 2,394 2,839 4,624 3,211 _ _ 1,173,898 657,698 _ _ |
|---|---|
Income of £2,750 received from members represents subscriptions paid by the Charity’s member Local Citizens Advice to support the general running costs of the Charity, which in turn supports the activities of the member Local Citizens Advice themselves.
Governance costs relate in their entirety to accountancy fees in respect to the preparation and independent examination of the year end accounts.
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CITIZENS ADVICE ESSEX LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
6. TRUSTEES’ REMUNERATION AND BENEFITS
There were no trustees’ remuneration or benefits for the year ended 31 March 2022, nor for the year ended 31 March 2021.
Trustees’ expenses
There were no trustees’ expenses paid during the year ended 31 March 2022, nor in the year ended 31 March 2021.
7. STAFF COSTS
| 2022 £ Wages and salaries 114,683 Employers National Insurance 5,185 Pension costs 2,985 _ 122,853 _ The average monthly number of employees during the year was as follows: 2022 Charitable purposes 4 _ 4 _ |
2021 £ 80,028 3,407 2,401 _ 85,836 _ 2021 3 _ 3 _ |
|---|---|
No employee received remuneration of more than £60,000 during the year (2021: Nil).
8. INDEPENDENT EXAMINERS REMUNERATION
The Independent Examiners’ Remuneration paid in the year to 31 March 2022 was £2,394.
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CITIZENS ADVICE ESSEX LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
9. FIXED ASSETS
| Computer Equipment £ Cost As at 1 April 2021 984 Additions - _ As at 31 March 2022 984 Depreciation As at 1 April 2021 672 Charge for the year 198 __ As at 31 March 2022 870 Net book value As at 31 March 2022 114 _ As at 31 March 2021 312 _ 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 £ Prepayments and accrued income 100,851 __ 100,851 _ 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 £ Trade creditors 413 Taxation and social security 2,531 Accruals and deferred income 257,768 Other creditors - _ 260,712 _ |
Total £ 984 - _ 984 672 198 _ 870 114 _ 312 _ 2021 £ 95,563 _ 95,563 _ 2021 £ 560 2,378 148,459 553 _ 151,950 _ |
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CITIZENS ADVICE ESSEX LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
12. MOVEMENT IN FUNDS
| UNRESTRICTED FUNDS General fund Designated fund RESTRICTED FUNDS Citizens Advice – Big Energy Saving Network Essex County Council – SLA Essex County Council – Warm Homes Essex County Council – Contain Outbreak Management Fund Energy Saving Trust – Energy Redress Covid-19 Crisis Fund Energy Saving Trust – Warm Start Essex Essex Community Foundation Universal Credit Best Practice Lead TOTAL FUNDS |
At 1 April 2021 Incoming resources Outgoing resources £ £ £ 20,690 7,981 (3,028) 45,001 - - _ _ _ 65,691 7,981 (3,028) _ _ _ - 15,137 (15,137) - - - - - 5,521 4,700 122,000 297,112 536,817 23,606 122,052 14,167 39,979 (122,000) (297,112) (536,817) (23,606) (122,052) (14,167) (39,979) _ _ _ 10,221 1,170,870 (1,170,870) _ _ _ 75,912 1,178,851 (1,173,898) _ _ __ |
Transfers between funds £ - - _ - _ - - - - - - - - _ - _ - __ |
At 31 March 2022 £ 25,643 45,001 _ 70,644 _ - - - - - - 5,521 4,700 _ 10,221 _ 80,865 __ |
|---|---|---|---|
13.PURPOSES OF RESTRICTED FUNDS
Essex County Council – SLA (Service Level Agreement)
This is funding to support the member Local Citizens Advice with regards to the continued provision of free, independent, impartial advice and information to residents within the Essex County Council area.
Essex County Council – Warm Homes
The Warm Homes project is derived from Essex County Council acting as lead accountable body and contracting to Citizens Advice Essex under a grant paid through Category 3 of the National Grid "Warm Homes Fund". It is to support fuel poverty alleviation activities across the county.
Energy Saving Trust – Energy Redress Covid-19 Crisis Fund
This is a fund to support us distributing emergency fuel vouchers for prepayment meter users who are at risk of "self-disconnection" from their energy supply. The fund included both an element to cover the direct costs of the vouchers, the voucher supplier’s admin costs, and the costs of administering the scheme.
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CITIZENS ADVICE ESSEX LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
Energy Saving Trust – Warm Start Essex
This is a fund source from the Energy Redress "main fund" for which Citizens Advice Essex is the lead accountable body. Activities are chiefly delivered by consortium member LCA and support fuel poverty alleviation across Essex, Southend and Thurrock.
Essex Community Foundation
This is funding to support with the costs of a business development manager for a four year period.
Essex County Council – Contain Outbreak Management Fund
Funding to support the costs associated with the ongoing public health and outbreak management costs of tackling COVID.
Universal Credit Best Practice Lead
Funding research to guide best practice for Citizens Advice support for Universal Credit applicants.
Citizens Advice – Big Energy Saving Network
Funding to support the costs of training Regional Energy Leads.
14. PURPOSES OF DESIGNATED FUNDS
Member SLAs – Business Development Manager
This is funding to support 50% of the costs of a business development manager for a two year period.
15. LEGAL STATUS OF CHARITY
The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1. The number of members as at the 31 March 2022 was 12.
16. CONTROL
The charity is controlled by its Trustees/Directors.
17. RELATED PARTY DISCLOSURE
Each of the Trustees who served during the year represented the following member Local Citizens Advice:
| Richard Armitage | Uttlesford |
|---|---|
| Andrew Hunter | South Essex |
| David Pickles | None – Independent Chair |
| Susan Wilson | Braintree, Halstead & Witham |
| John Barber | Harlow |
| Keith Dabbs | Chelmsford |
| Tonia Parsons | Tendring |
| Jean Wells | Epping |
| Philip Wakeling | Maldon |
| Paula Whittle | Southend |
| Nigel Conway | Epping |
| David Jarvis | Colchester |
| Riccardo Tazzini | None – Independent Treasurer |
| Chloe Tron | Chelmsford |
| Georgina Placey | Tendring |
Details of the monies passed, during the year, by Citizens Advice Essex Limited to each member Local Citizens Advice is disclosed in the individual accounts for each member, which are publicly available.
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CITIZENS ADVICE ESSEX LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
18. STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021 (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT)
| Unrestricted funds Restricted funds £ £ Income from: Charitable activities Investment income 65,000 50 191,478 - Other 3,150 - _ _ Total income 68,200 598,534 Expenditure on: Charitable activities 59,164 598,534 _ _ Total expenditure 59,164 598,534 _ _ Net income / (expenditure) 9,0361 - Transfers between funds - - _ _ Net movement in funds 9,036 - Reconciliation of funds Total funds brought forward 56,655 10,221 _ _ Total funds carried forward 65,691 10,221 _ _ |
Total funds £ 663,534 50 3,150 _ 666,734 657,698 _ 657,698 _ 9,036 - _ 9,036 66,876 _ 75,912 _ |
|---|---|
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CITIZENS ADVICE ESSEX LIMITED DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
| 2022 | 2021 | |
|---|---|---|
| INCOMING RESOURCES | £ | £ |
| Incoming resources from charitable | ||
| activities | ||
| General Advisory Services | 1,176,070 | 663,534 |
| Income from members | 2,750 | 3,150 |
| _ | __ | |
| Total incoming resources | 1,178,820 | 666,684 |
| RESOURCES EXPENDED | ||
| Charitable activities | ||
| Provision of SLA | 122,000 | 122,000 |
| Provision of Warm Homes | 3,528 | 1,689 |
| Provision of Energy Redress Covid-19 Crisis | - | 108,410 |
| Partner costs | 894,711 | 317,895 |
| Computer costs | 2,002 | 1,340 |
| Telephone | 571 | 60 |
| Recruitment advertising | 488 | 1,930 |
| Staff training | 6,743 | 5,170 |
| Insurance | 693 | 256 |
| Travel and subsistence | - | 54 |
| Legal and professional | 35 | 185 |
| Bookkeeping and payroll processing fees | 2,443 | 2,538 |
| Management support | - | 3,000 |
| Publicity and promotion | 667 | - |
| Sundry expenses | 999 | 50 |
| Subscriptions | 176 | 90 |
| Depreciation | 198 | 196 |
| Bank charges | 105 | 98 |
| Outsourced support | 13,292 | 4,062 |
| Wages and salaries | 114,683 | 80,028 |
| Employer’s National Insurance | 5,185 | 3,407 |
| Pension costs | 2,985 | 2,401 |
| __ | __ | |
| 1,171,504 | 654,859 | |
| Governance costs | ||
| Accountancy fees | 2,394 | 2,839 |
| __ | __ | |
| 2,394 | 2,839 | |
| __ | __ | |
| Total resources expended | 1,173,898 | 657,698 |
| __ | __ | |
| Bank interest received | 31 | 50 |
| ______ | __ | |
| Net (expenditure)/income | 4,953 | 9,036 |
| __ | __ |
This page does not form part of the statutory financial statements
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