Charty registr¥llon number 1163512 ST ANNS ADVICE GROUP ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
ST ANNS ADVICE GROUP LEGAL AND ADMINISTRATIVE INFORMATION Tru$t*•s Mr R Bird Rèv A Giles Mr G Everrtt Ms F Abiodun Sowunmi Charity numbar 1163512 Principal addres¥ Chase Neighbourhood Centre Robin Hood Chase St Anns Nottingham NG3 4EZ Audltor HSKSG Audit Limited 3rd Floor Butt Dyke House 33 Park Row Nollingham NG1 SEE 8ank8rs Unity Trust Bank PLC 4 Brindley Place Birmingham B1 2JB
ST ANNS ADVICE GROUP CONTENTS Pag• Trustees, report Statement of trustees, responsibilities Independent audilorfs report Statement ol financial activities Balance sheet 10 Slalemenl of cash flows 11 Notes lo th& financial statements 12.24
ST ANNS ADVICE GROUP TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 The trustees psent their annual report and financial stalemonls for the year ended 31 March 2024. The finanryal statements have been prepared in accoidance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document. the Charities Act 2011 and "Accounting and Reporting by Chanties.. Slalement of Recommended Practice applicable lo charities preparing their accounts in accordanTr with tho Financi81 Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191. Objectlves and a¢tivitles Thè centre's objectives and principal activities are to promote any charitable purpose lor the benefit of the inhabitants of Sl Ann's, Nottingham City and surroLJnding areas. in particular through the provision of an advice and inforrnalion service for persons who are in need of such Servi$. The aim is to provide a high qualty, easily accessible service in the areas of welfare benefits, debt, housing, employment and generalist advice. We also offer representation 8t DWP appeals and ernp5oyment tribuna15 and more generally support and help service usèrs to understand cornplex forms and regulations. We review our aims, objectives and activities each year. The review looks at ihe success of each key activity and the benefits they have brought. The review alsts helps u5 ensure our objectives and adivities remain focused on our stsled purpose5. Public ben8fil We confirm that St Anns Advice Group meets the definition of a public benefrt entity. Wè have referred to the guidance contained within the Charity Commission'5 guidance on public benefit when reviewing our aims and objèctives and in planning our future activities, in particular, the tru51ees consider how planned activitiès will conliibute to the aims and objectives they have sel. Achievements and perfomiance Signific8nl activities aftjd achievgmgnls against objeGb"v&s Thi5 period the Advicè Group continued to provide advice on debt and benefits resulting in 4446 lull cases, managed over £1.5 rnillion pounds worth of debts and made total gains for local people of just over £3.5 million pounds. These figures refled a cornrnitted staff team that have provided support and advice throughout 2023124. W8 continu8 lo run several projects with the core servi¢e of welfare benefits and debt advice. We have a 501id reputation as deliverer5 and influenceis. We are based at the Neighbourhood Centre in St Anns and approx. 500/0 of our clients are frorn this area. Howevei. we do outreach in parts of aa six and across the city. Our Money Debt Advice and the British Gas Ellergy Trust proje¢t can work with people acros5 the East Midl8rnds. However other projects have a light geographical ¢riterion. Referrals lo the centre are regularly received from the Nottingham City Council Housing, Nottingham City Council. housing associations, health workers. Ioc81 councillors. and GP surgeries. As in previous years. most enquiries received 2023124 were about Oepartment of Work and Pensions welfare benefits, Universal Credit and priority and non-priority debts. Other area5 in which people were assisted include housing, homelessness. multiple debt advice. bailiff5, health, employment, water, and fuel. An ever-increasing number of clients who com8 to the advice centre have priority debt pioblems and face crisis due to the excessive cost of energy. We alsD distributed the household support fund held by the rity council, by providing supermarket vouchers. and have taken applications for energy vouchers frorn iesidents. We were SucsSfUl in gaining additional ILsnding to support clients with energy vouchèrs if they were slrug91ing to pul money on their pre-payment meters.
ST ANNSADVICE GROUP TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 O¢bt advice service and the Money Advi¢• Setvice The Money Advice SeNice, The Renewal Trust and Nottingham City Homes fund our debt work. The projects reduce the levèl of rent and council tax arrèars and other priority non-priority debts wilttin the cty. We have as51sled clients with budget plans and incorne maxirnisalion including 8pplications for housing benefit. discretionary housing payments. lax credits. and personal Independent payments. The team apply to various trust fund5 and small charities for funds lo assist clients with es5eNlial furniture and white goods. Appoals The centre continues to represent people al various appeal tribunals for Pèrsonal Iridependenl Payments. disability living allowance, erfiployment support allowancè and industrial injuries benefit. Where we were successful in these appeals Clients received baek payrnenls of benefit or eompensalion. In addition. many of these clients will have also gained increases in their weekly benefit entitlement. Sneinton and general advice work We have resumed our outreach sessions in Sneinlon. Most of this work 15 funded through the Nottingham City Council contract that was awarded lo the Advice Nottingham consortium with the Citizens Advice Nottinghamshire bureau as the lead organi5alion. This contract was extended through a grant-based payment lor 2023124. St Ann's and Sneinton food and furniture store Our independent food and furniture store was opened in Defftber 2012 and has continued to f8ed vulnerable people who are experiencing hardship typifjally having no income. We have c105ed the furniture pioject and are using the extra Space to sloie food. We provided 25 Christmas hampers for clien15. who werè on the food bank book5. With fresh food 8nd presents for farnily members. Bulldlng better opportunitio$ IBBOI Money sorted in D2N2 was part of the Building Better Opportunits'es programme. The project was funded by the European Social Fund and The National Lottery Community Fund. We were part ol the 'Peoples First Alliance. with Frarnewoik Idelivered on Opportunity and Changel and Groundwork (delivered on Towards Workl. A secured extension funded this project until June 2023 with actual delivery ending at the end of March 2023. Money sorted in Derby crty, Derbyshire, Nottingham city and Nottinghamshire ID2N21, was about excluded people. 11 offefed a six rnonlhs programme of person-cèntred support and a rangè of bespoke interventions de55gned lo enable pèople experiencing financial crisis and financial hardship to take control, build confi¢Jence. tacklè their problems and move out of ptsverty and exclusion. Personal financial resilience plans developed beeen participan15 and our personal navigators pul people in control. They identify and tackle obstacles and challenge5 to engagement and achievement. Thèy focus on goals, aspirations, and arnbrtions, enabling participants to progress along a pathway to finanaal inclusion and paid employment. The partnership brought logether large and small local providers with a wide range of expertise an($ experience of working with diverse and vulnerable communities across D2N2. It re8¢hèd individuals. families and ClMunitieS stretching across these rnajor city cenlres, larger towns. rural towns. and villages with the D2N2 area. The money sorted partnership in 02N2 also include5 the four leading local authorities as key strategic delivery partnars. Fugl èfficiency and dobt project We ¢ontinue lo run the Fuel eifieiency and debt project funded by the British Gas Energy Trust. Advisors can provide a holistic sèNice to clients providing advice on maximising incomes and reducing debts as well as managing or writing off energy debt and support thern with energy eKiciency savings in the home. We sub-conlracl three part lime posts lo Besfv400d Advice Cenlre. Meadows Advice Centre and Notlingttam Law Centre in order to cover both north. centre and south of the city. We have funding lo issue energy vouchers lo those citizens that afe struggling to heat their homes.
ST ANNS ADVICE GROUP TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Family MentQrin9 Service Framework Hou51ng Assoaation ¢ontinue to fund a dedicated welfare benefrts advisor that SUPPOrts the families they engage with. Independent Agè Fund a dedicated 8dvisor lo work with the older community and encour898 benefit take up. This funding ended De¢ember 2023. Nottingham City East PCN Fund an advice wtsrker to work alongside their Stscial Pre5wibers in ATe8 3 & 6. Well for Work Funded through FUTURES we can providè one lo one support and advice for those clien15 who want htrlp to move closer to the laboLJr market. This project ended December 2023 Financial rèvlew With limited reserves and medium lo long term funding aayS a challenge to obtain, il ¢ontinues lo be difficult to plan and develop services. Total income for the year was £1,120.22012023'. £1,778.8031 and total expenditure was £1,101.939 12023.. £1,673.8431 resulting in a surplu5 ft>r the year of £18,281. This is compared to a surplus of £104.960 in the prtrvious year. Al the year end. the funds of the charity were £337.fj01 which is represented by £28.183, of reslricled ILJnds and £309,418 of unrestricted funds. ReseThes polioy Reserves policy The Trustees have established a policy whereby the unrèstricted funds not committed or invested in tangible fixed assets I'the free feserves'l held by the ch8rity should be two rnonlhs of the lolal resoUrS expended1£186.156 based on these financial staternentsl. At this level. the board feel that they would be 8ble to continue the current acliviliès of the charity In the event of a si9nificanl drop in incotne. At present there are free reserve5 of £303,985. Structure, governance and management The charity is a Charitable In¢orporated Organisation, registered in England & Wales. The trustees who seFved during the year and up to the date of signature ol the financial slalements were.. Mr R Bird Ms S Jones MrT Fame Ms J Orury Rev A Gilès Ms M Lindsay Mr G Everitt Ms F Abiodun Sowunmi (Resigned 1 August 20241 (Resigned 1 August 20241 (Resigned 1 August 20241 (Resigned 1 Augus120241 Recwitmènt and appointment of InJsle&s The trustees are 5UPPOrted by a managernent cornrnittee. The Iruslees and members of the management comffiittèe are elected to serve for a period of three year5 after which they must be re-elected at the next annual general meèting. The tfUStee5 and management committee represent a broad base of skills and experience, and this is continually monitored. Wheie possible. Individuals with specific skills are approached lo offgr themselves for election as trustees or to the managernent committee.
ST ANNS ADVICE GROUP TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Organisalionèl stmclu Manag¢ment Committ¢• Ms Coleen Franci5 Key Management Team Ms Debbie Webstér Sally Marshall Manager Supervisor Induction and lfftining ollmstees Most trustees and tnanagemenl committee members are familiar with the work of the centre through previous contact with and experience. New trustees and rnan8gement commrttee members are givtsn an indu¢tion to the centre by the rnanager. Thi5 includes the following". Obligations of Iru5tees and management committee Members . All doeumen15 Critical to the strategic and operational management of the centre Full briefing of the resourcing and current financial position as set out in the current a¢counts and the late51 quarterly financial inforrnalion Future plans and objectives EneDuragemenl lo attend relevant training The Irustees. report was approved by the Board of Trustees. Mr R Bird Trustee 081e'
ST ANNSADVICE GROUP STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The trustees are responsible for preparing the Trustee5' Report and the financial stalernenls in accordan with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel. The law appli¢able to charrtiès in England and Wales requires the Iru51ees lo prepa financi81 statements for each financial year which give a true and fair view of the stale of affairs ol the charity and of the incoming resources and application ol resources of the charity lor that year. In preparing these financial statemeri15, the trustees are required lo.. select suitable accounting poli¢iès and then apply them consistently., observe the method5 and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent., stale whether applicable accounting standards have been followgd, subject lo any rnalerial departures disclosed and explained in the finan¢ial statements", and prepare the financial staternenls on the going Concern basis unless it is inappropriate to presuma that the charity will continue in operation. The trustees ara responsiblè lor keeping sufficient accounting records that disd05e with reasonable a¢¢uracy al any time the financial position of the charity and enable them to ensure that the financial statements coTnply with the Charities Act 2011. the Charity (Accounts and Reports) Regulations 2008 and the provisions of thè trust deed. They are also responsible for safeguarding the a55ets of the charity and hence lor taking reasonable step5 for the prevention and detection ol fraud and other irregulari119S.
ST ANNS ADVICE GROUP INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF ST ANNS ADVICE GROUP Opinion We havè audited the fin8ncial statements of St Anns Advice Group Ilhe 'charity'l for the year ended 31 March 2024 which comprise the statement of finallcial activities, the balance Sheet. the slalemenl ol cash flows and notes to the financial statements. including significant accounting policies. The financial reporting framework that has been appliéd in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Fin8nGial Repottirtg Standanl applicable in the UK and Republic of Ir&land Iunilèd Kingdom Generally Acceptgd Accounting Practice). In ovr opinion, the financial slalernents.. give a true and fair view of thè state of the charity'5 affairs as al 31 March 2024 and of ils in¢oming resources and application of resources. for the year thèn ended.. have been properly prepared in accordance wilh United Kingdom Generally Accepted Accounting Practi., 8nd have been prepared in accordance with the requirements of the Charities Act 2011. Basis for opinion We condu¢t6d our audit in accordance with International Standards on Auditing IUIQ IISAS IUIQI and applicable law. Our responsibilities under those standards are further described In the Auditorfs tssponsibililies for tlje audit ol Ihfj financial stal&m8nts section ol our report. We are indepèndent of the charity in 8ccordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going ¢onc•rn In auditing the financial slalemenls, we h8ve concluded that the Iruslees, use of the going COnM basis of accounting in the preparation ol the financial 51alements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that. individually or collectively. may cast Significant doubt on the charity s ability to continue as a going concern for a period of at lea51 twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect lo going concem are described in the relevant sections of thi5 report. oth*r Infomiation The other information comprises the information included in the annual report other than the financial slalèment5 and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statèments does not covei the other inforrnation and we do not express any form of assuranG8 conclusion Ihereon. Our responsibility is to read the other information and. in doing so. consider whether the other inforrralion is materially inconsi5t8nt with the financial statements or our knowledge obtained In the course ol the audit, or otherwise appears to be materially misstated. If we identify such material incon51Stencies or apparent material misstalemenls. we are required lo determine whether this gives iise to a ma19rial mi5slatemenl in the finanaal statements themselves. If, basèd on the work we have performed, we conclude that there is a aterial rnisstatement of this other information, we are required lo report that fact. We have nothing to report in this regard. Matters on whlch we arn required to report by èxception We have nothing lo report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report lo you if, in our opinion.. the information given in the financial statements is incon5isl8nl in any material respect with the trustees. report,. or sufficient ac¢ounting records have not bèen kept., or Ihe financial statements aTe not in agreement with the accounting records". or we have not received all the information and explanation5 we require for our audit.
ST ANNS ADVICE GROUP INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF ST ANNS ADVICE GROUP Responsibilities of trustees As explained rnore fully in the 5talem8nt of trustees, respon5ibilrties, the Irusleès are responsible for th¢ preparation of the financial statements and for being satisfied that they give a Iiue and fair view, and lor such inleinal control a5 the tru51Éès deterrnine is necessary to enable the preparation of financial statements that are free from material misstatement. whether due lo fiaud or error. In pparIng IhÉ financial Statements, the trustees are respon5ibl6 for assessing the charty's ability lo continue as a going concein. disclosing, as applicablè, matters ielated to going conGern and using the going concern basis of accounting unless the Iru5tees either intend to cease operations. or have no realistic allem81ive but to do so. Audltorfs respon$lbilities for the audit of the financial statsm8nts We have been appointed a5 auditor under se¢lion 144 of thè Charitie5 Act 2011 and report in a¢¢ordance with the Act and relevant regulations made Of having effect Ihèreunder. Our objectivès are to obtain reasonable assurance about whether the financial statements a5 a whole are free from matèrial rnisslalemsnt, whether due to fraud 01 error, and lo issue an auditorfs report that includes our opinion. Reasonable assurancè is a high level of assurarFce but is not 8 guarantee that an audit conducted In accordancè with ISAS IUKI will always detect a material misstatement wheri Il exists. Misstatements can arise from fraud or èrror and arè considered malenal il, individually or in the aggregate, they could reasonably be expected to influence the economic de¢isic>ns of users tsken on the basis of these Inancial stalemenls. The extent to which our procedures are capable of de18¢ting irregularities, induding fraud. is detailed b810w. We ¢onsidered the nature of the charity's business and its control environment. We also enquired of management about their identification and assessmènt of the risks ol irregulariligs. We obtained an understanding of the legal and regulatory framework in which the charity operates and identified key laws and regulations that". Had a direct effed on the determination of m8lerial amounts and disdosures in the financial 51alemenls, which included the Charitie5 Act 2011, tax legislation and payroll legislation-, and Did not have a direct effect on the financial statements but compliance with which may be fundar(Enlal to the charity's ability lo operate. We dis¢ussed among the audit engagement team the opportunities and incentives th* may exist within the organisalion lor fraud and how I where fraud might occur in the financial stalemenls. In ¢ommon with all audits under ISA'S IUKI, we are also required to perform specific procedures to respond to the risk of management override. In additrssing the risk of fraud through management override of controls, we te51ed the appropiialeness of a¢counting adjuslmenls and joumal entrie5, assessed whether accounting estimates were reasonable and accurate and reviewed the as¢ounling recoids lor any significant and unusual transaction5 In addition, our procedures to respond to the risk5 identified included.. Reviewing financial statement dis¢losures by testing to supporting documentation lo assess compliance with provi5I0n of relevant laws and regulations described as having a direct effect on the financial statements., Performing analytical procedures to idtrntify any unusual or unexpected variances that may indicatè risks of material misstatement due to fraud., Enquiring of management about any instanctss of non-compliance wrth laws and regulations and any instances of known or suspected fraud. Because ol the inherent limitations of 8n audil, there Is a risk that we will not dètect all irregularities, including those leading lo a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed frorn the events and transactions refleoled in the financial stalerrents, as we will be less likely to become aware of instances of n0COmpliancE. The risk is also greater regarding irregularities oeeurring due lo fraud rather than error. as fraud involves intentional concealment. forgery, Collusion. omission or rnisrepresentation.
ST ANNS ADVICE GROUP INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF ST ANNS ADVICE GROUP A further description tsf our responsibilities is available on the Financial Reporting CouncAI's website al.. https'.11 www.frc.org.uklauditorsresponsibililies. This description forms part of our audilorfs report. Use of our report This report is made solely to the charity's trustee5, as a body, in 8c¢ordance with part 4 01 the Ch8fibes (Accounts and Reports) Regulation5 2008. Our audit work has been undertaken so that we might siale lo the charitrfs trustees Ihosa matters we arè required lo state to them in an auditor's report and for no other purpose. To the fullest extent perrnittÈd by law, we do not accept or assume responsibility to anyone other than the charity and the charity, trustees as a body, for our audit work. for this report. or for the opinions we have formed. HSKSG Audlt Limited 22- Chartered Accountants ststutory Auditor 3rd Floor Butt Dyke House 33 Park Row Nottingham NG1 8EE
ST ANNS ADVICE GROUP STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrèstricted Rèstricted funds funds 2024 2024 Totsl Unrestricted Restricted fund$ funds 2023 2023 Total 2024 2023 Notes Income and ondowments from: Donations and legacies Charitable adivrties Other income 52,307 508,402 5,635 57,942 553,860 1,062,262 16 70,929 2,010 72.939 382,446 1,323.118 1,705.564 300 300 Total income 560.725 559.495 1,120.220 453.675 1.325,128 1,778.803 Expenditurè on: Raising funds Gharitable aclivilies Other expenditure 797 515.131 797 1,101,142 2,993 2,993 496.707 1,171.057 1,667,764 3.086 3,086 588.011 13 Totsl expenditur8 515.928 586,011 1.101,939 502.786 1,171,057 1,673,843 Net in¢omèlloxpenditurèl 44,797 126.5161 18,281 149,1111 154.071 104,960 Transfers beiwtten funds 54.918 154.9181 93,628 193.8281 Net movemant In funds 10 99.71 S {81,4341 18,281 44,517 60,443 104.960 Reconciliation of fund$: Fund balances at 1 April 2023 209,703 109,617 319,320 165,186 49.174 214,360 Fund balance5 at 31 March 2024 309.418 28.183 337,601 209,703 109,617 319,320 The staternent ol financial activities includes all gains and lossès recogni5ed in the year. All incorne and expenditure derive from Gontinuing activities.
ST ANNSADVICE GROUP BALANCE SHEET ASAT31 MARCH 2024 2024 2023 Notes Fixed assets Tangible assets 15 5,433 13.028 Curront assets Debtors Cash al bank and in hand 16 128,111 228,978 77,603 260,689 357,089 338,292 Creditors: amounts falling due withln one year 17 {24,9211 132,0001 Net current assets 332,168 306,292 Total assets lèss current liabilitles 337,601 319,320 N•t assets èxcluding p•nsion liability 337,601 319,320 Th8 funds ofth• charity Restricted Income funds Unrestri¢ted funds 19 28,183 309,418 109.617 209,703 337,601 319,320 The financial statements were approved by the trustèes on Mr R Bird Trustsa 10-
ST ANNS ADVICE GROUP STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from operating activitie$ Cash labsorbed byllgenerated from operation5 23 131,7111 59,200 Investing activities Pui¢hase of tangible fixed assets 12.6971 Not cash used in Investing activities 12,6971 Net cash u$•d in finan¢ing activitie$ Net Idecrèasellincreasfr in ca¥h and cash equivalents 131.7111 56.503 Gash and cash equivalents al beginning of year 260,689 204,186 Cash and c4$h èquivalents at end of y¢ar 228,978 260.689
ST ANNS ADVICE GROUP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 A¢countlng poli¢i¢$ Charity information St Anns Advi¢e Group 15 a Charitable Incorporated Organisation registered with the Charity Commission in England and Wales. 1.1 Accountirtg convention The financial slaternenls have been prepared in accordance with the charity's governing docurnent, the Charities Act 2011, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic ol Ireland. l FRS 102.1 and the Charitie5 SORP "Accounting and Reporting by Charities.. Statement ol Recommended Practice applicable to charitiès preparing their accounts in accordance with the Finanrial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 102}" (offective 1 January 20191. The charity 15 8 Public Benefit Entity as defined by FRS 102. The finanaal statements are prepared in sterling, which 15 Ihg functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial 51alemènts have been prepared under the historical cost convention. The principal accounting poli¢ies adopted a set out below. 1.2 Going concem At the tirne of approving the financial ststements. the trustees have a reasonable expectation that the charity has adequate resource5 to ¢ontinue in operational existen for the foreseeable future. Thus the trteeS Continue to adopt the going concern basis of accounting in preparing the financial slalements. 1.3 Charitable fund$ unstricted funds are availablè for use at the discretion of the Iruslees in furtherance of their charitable objectives. Reslricled funds arè subject lo specific conditions by donors or grantors as to how they may be used. The purpostrs and use5 of the restricted funds are set out in ihe notes to the financial statements. 1.4 Income Income is recogni5ed when the charity is legally entitled lo il after any performance conditions have been rnet. the 8mounts can be measured reliably, and il is probable that income will be re¢aived. Cash donations are recognised on re¢eipt. Other donation5 are recognised onc8 the charity has been notified of the donation, unless performance conditions require deferral of the amotynl. Income lax recoverable in relation to donations received under Gift Aid or deeds ol covenant Is r&¢ognised al the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount 15 known, and ieceipt is expe¢ted. If the amount is not known, the legacy is treated as a contingent asset. The charity has not reIVed any material donated goods for its own use. Small iterns are not recognised In the Slalement of Finan¢4a5 Activities. The monetary value of volunteer Services are not re¢ognised in the Statement of Fian¢al A¢livitiey. No amount 15 in¢luded in the financial statements for volunteer tirne in line with the SORP. Income from government grants and other grants. whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlerrent to the funds. any performan conditions attached lo the grants have been rnet, it is probable that the Income will be received and the amount Can be measurèd reliably and is not deferred. 12
ST ANNS ADVICE GROUP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 A¢counting poli¢l•s (Continued) Interest on funds held on deposit is includ8d when receivable and the amount ¢3n be measured religbly by the charity,. thi5 is normally upon notification of the interest paid or payable by the Bank. 1.5 Expenditure Expenditure is recognised once there is 8 legal or constructive obligation lo transfer economic benefrt to a third party, it is probable that a transfer of economic benefits will be required in settlemenl, and the amount ol the obligation can be measured reliably. Expenditure 1$ classified by actiwty. The costs of each activity are made up of the total of di1 costs and shared costs, ineluding support ¢osts involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly lo that activity. Shared cost5 which contribute to more than one activity and support St$ which are not altribulable lo a single activity are apportioned between those activiles on a basis consistent with the use of resources. Central staff costs are allocated on the basis of tirne spent, and depreciation charges are allocated on the portion of the asset's use. Support C051s are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governancé costs, administrative payroll costs. They are incurred directly in support of expenditu on the objects of the charity and include project management cariied out al Headquarter5. Where 5UPPOrt costs cannot be directly attributed lo particular headings, they have been allocated lo cost of raising funds and expenditur6 on charitable activities on the basis consistent with use of the resources. Overheads have been allocated on a basis of budgeted turnover. 1.6 Tangibla fixed assets Tangible fixed 85Sèts are initially measured 81 eost and subsequently measured al cost or valuation, nel ol deprèciation and any impaimenl losses. Depreciation is recognised so as lo write off the cost or valuation of assets less their iesidual values over their useful lives on the following bases.. Leasehold improvernenls Computers 20ts straight line 250/0 Straight lirie The gain or loss arising on the disposal of an asset is determined as the differènce between the sale proceeds and the carrying value of the asset, and Is recognised in the statement of financial activities. Furnishing5 arè written off as the expenditure is incurred. Expenditure on equipment and fixtures above £500 is capitalised. 1.7 Impairnient of fixèd assets At each reporting end date, the charrty reviews the carrying amounts of 115 tangible assets to determine whether there is any indication that those assets have suffered an impaiment loss. If any such IndatIOn eKlSts, the recoverable arnount of the asset 15 estimated in order to deterrnine the extent of the impairment loss lif any). 1.8 Cash and cash equivalents Cash and cash equivalen15 in¢lude cash in hand, deposits held al call with banks, other short-lerm liquid investments wrth original malurilies ol three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in Current liabililitrs. 13-
ST ANNSADVICE GROUP NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 AG¢ounting poli¢i•$ (Continuedl 1,9 Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Sedion 12 'Other Financial Instruments Issues, of FRS 102 to all ol its financial instrument5. Finanaal instruments are recognised in the charity's balance sheet when th¢ charity becomes party lo the contractual provisions of the instrumènt. Financial assets and liabilities are offset, with the nel amounts presented in the financial statements, when there is a legally enforceable right to sel off thè recognised amounts and the is an intention lo settle on a nèt basi5 or lo realise the asset and Settle the liability simultaneously. 8aslc financial assets Basic financial assets, which include debtor5 and cash and bank balances, are ini11311y rneasured at Iiansaction piice induding transaction costs and are Subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaetion, where the transaction is measured at the present value ol the future receipts discounted al a market rale of interest. Finaniyal assets classified as receivable within one year are nol amortlsed. Impairment of finanelal assets Financial a55ets. other than those held al fair value through income and expenditure, arè assessed frir indicators of impairment al each reporting date. Financial assets are Impaired where Iheie is objecb.ve evidence that. as a result of one or more events that occurred after the initial recognition of the financial asset. the estirnaled future cash flows have btsen affected. If an asset is Impaired. the impairment loss is the difference befvleen the carrying amount and the present value ol the eslitnated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in nel incornellexpenditurel lor the yèar. If there is 8 decrease in the impairment loss arising from an event occurring after the impairm&nt was recognised, the impairment is reversed. The reversal Is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previou5ty been 18cognised. The impairment reversal is recognised in net incomellexpenditurel lor the year. DeTrcognition of financial assets Financial assets are derecognised onty when the conlra¢tual rights lo the cash flows from the asset expire or are settled, or when the charity Iransfers the financial asset and substantially 811 the risks and rewards of ownership lo another entity. or il some significant risks arTrd rewards of ownership 8re taIned but control of the asset has transferred to another party that 15 able to sell the asset in 115 entirety lo an unrelated third party. 83sic financial liabilitie$ Basic financial liabilities, includin9 ¢reditors are initially recognised al IFansaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured al the present value ol the future payments discounted at a markèt rate of interest. Financi81 liabilities Glassrfied as payable within one year are not amortised. Trade creditors are obligations to pay lor goods or services that have been 8cquired in the ordinary course ol operations from suppliers. Amounts payable are classified as current liabilities il payment is due within one year or less. If not, they are presented as non-current liabilitie5. Trade creditors are recogniseol initially at Iransaclion price and subsequently measured at amortised cost using the effecb've interest mèthod. De¢09D1ti0n of financial liabilitiès Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 14-
ST ANNS ADVICE GROUP NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Ac¢ounting policies Icontinuedl 1.10 Employee ben¢fits The cost of any unused holiday èntitlement is recognised in the period in which the employee'5 senrices are re¢eived. Terrninalion benefits are recognised immediately as an expense when the charity is demonstrably comrnitted to terminate the employmerTrl of an employee or to provide termination benefits. 1.11 Retirement benefits Paymènts to defilled ¢ontribuiion retirement benefit schemes are charged as an expense as they fall due. Critical accountlng estimats$ and judgements In the application of the charity's accounting policies. thè trustees a refluired lo make judgements. estimates and assurnplions about the ¢arrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and a550ciated assumptions are based on historical experience and other fadors that ale considered lo be relevant. Actual results rnay differ frorn these estirnates. The eslirnates and underlying assumptions are reviewed on an tsngoing basis. Revisions to accounting estirnale5 are recognised in the period In which the estimate is revised where the revision affects only that pèriod, or in the period ol the revision and futu periods where the revision affects both current and future periods. Income from donations and18gacies Unrestrictèd Restrictad funds funds 2024 2024 Total Unrestri¢ted Restrlcted funds funds 2023 2023 Total 2024 2023 Oonalions and gifts Grants re5vable for Core activitiès 29.057 2.835 31.692 21,141 2,010 23,151 23.250 3.000 26.250 49.788 49,788 52,307 5,635 57,942 70,929 2,010 72,939 Grants r•ceivable for core activiti9$ Nottingham City Council 400 Communities in Crisis Fund Mr D Liversidge Unite Nottingham Community and Voluntary Services National Grid Energy Saving Gr8nt Garfield Weston Foundation Other 3,000 3,400 16,300 1e.300 3,756 5,000 1,000 3,756 5,000 1.000 14.142 9.240 14.142 9,240 2,850 2.850 20,000 20,000 350 350 23,250 3.000 26.250 49,788 49.788 15-
ST ANNS ADVICE GROUP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from charitabl• activities Unrestricted Rèstricted funds funds 2024 2024 Total Unrestrictsd Restri¢ted fund$ fvnds 2023 2023 Total 2024 2023 Advlce sgrvices Performance related grants 508.402 553,860 1,062.262 382.448 1.323,118 1.705,564 Perfomianc• related grants analysi$ Advice services 2024 Advice servle•s 2023 The National Lottery Community fund Bnlish Gas Energy Trust Citizens Advice Bureau Money Advice SèNice Framework Housing A550ciation Debt Advi¢e Service Energy Saving Renewal Trust Nottingham City Primary Care NebOrkS Multiply VITA Other 68.523 151,322 203,341 72,978 40,000 46,300 967.620 124.702 203.341 102.015 40,000 46,300 71,850 29,250 26,749 15,025 65,387 166.250 82.116 151.020 93,737 1.062,262 1,705,564 Oth•r incorne UnrestTlCt•d Unre$trlcted funds funds 2024 2023 Other income 16 300 16-
ST ANNS ADVICE GROUP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expenditure on raisiny funds Unre$trlcted Unrestricted funds funds 2024 2023 Fundraising and publicity Stsging fundraising events 797 2,993 Expènditure on ¢haritable a¢tivltles Advle8 servi¢e$ 2024 Advlce servie8s 2023 Direct ¢o*ts Staff eosts Depreciation and impairment Premises costs Postage and stationery Telephone and lax Legal and Professional fees Insurance and 5ybscription5 Training and conference5 Travelling Bank charges Publicity and advertlsing Client costs Motor expenses IT and softwarè Other costs 766,554 7,595 21,140 16,889 10.363 10,892 13,701 2,583 1,307 206 1,310 4.787 825,878 7.600 21,094 17,604 11,551 14,485 7.932 3.522 2.764 279 12.400 21.146 344 47,788 95,503 12,974 66.108 936,409 1,089,890 Grant funding of activitie5 lsea note 81 133,279 547.654 Share of support and governan¢$ eosts Isee notè 91 Governance 31,454 30.220 1,101.142 1,667,764 Anaty$ls by fund Unrestricted funds Restricted funds 515.131 586,011 496,707 1,171,057 1,101,142 1.667,764 17-
ST ANNSADVICE GROUP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Grants payable Advi¢è $ervices 2024 Advice servicès 2023 Grants lo instilkjtions.. Meadow5 Advice Group Direct Help & Advice Derbyshire Dales District Citizens Advi Bureau Derbyshi YMCA South Derbyshire Citizens Advice Bureau Mansfield Gilizens Ad Bureau Derbyshire Law Centre Workers Educational Association Services for Empoweiment and Advocacy Derby Homes Derbyshire Unemployed Workers Centre Nottinghamshife YMCA Nottingham & Nottingh8mshl Refugee Forum Bestsvood Advice Cenlie Nottingham Law Centre Other 17,140 59.377 63.830 50.911 37.744 67,945 9,166 31.147 52.510 24.532 48,230 27,332 13,438 18,766 22,904 174 18,035 16,694 16.967 12.428 22,267 2,346 7,910 8,437 19,283 8,755 157 133,279 545,146 Grants lo individuals 2.508 133.279 547,654 Support costs allo¢atèd to activities 2024 2023 Governance costs 31,454 30.220 Anatysèd bee*n. Advice services 31.454 30,220 10 Net movement in funds 2024 2023 The net movement in funds is stated after chargingllcrediting}'. Fees payable to the charity'5 auditor.. for the audit of the charity's financial slalements for other financial seNi¢es Depreciation of owned tangible fixed assets Loss on disposal of tangible fixed assels 4.630 4,352 7.595 4,410 2,240 7.600 3,086 18
ST ANNS ADVICE GROUP NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 11 Trustees None of the trustees lor any persons connected with thernl received any remuneration or bellefils from the Charity during the year. None of the trustees lor any persons connected with them) were reimbursed lor any expenses during the period. 12 Employee$ The average monthly number of employees during the year was.. 2024 Numb•r 2023 Number 32 32 Employment Costs 2024 2023 Wages and salaries Social se¢urity cos15 Other pension costs 722.082 55,927 11.017 765,346 68.202 15,900 789,026 849,448 There wère no ernployees whose annual remunera14.on was more than £80,000. Rèmungration of key man4g•ment personnel The remuneration of key management personnel was as follows". 2024 2023 Aggr8gate compensation 79,988 82,870 13 Other Total Unr•strictsd funds general 2023 2024 Net loss on disposal of tangible fixed assets 3,086 3,086 14 Taxation The charity 15 exempt frow taxation on ils activrtie5 because all Its incorne Is applied for charitablè purposes. 19-
ST ANNSADVICE GROUP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 IS Tangibl• fixed assets Lva5ehold Impro¥emoThts Comput815 Total Cost Al 1 April 2023 21,899 14,081 35.980 At 31 March 2024 21,899 14,081 35,980 Depreciation and impaimi•nt At 1 April 2023 Depreciation charged in the year 13,740 4,080 9.212 3,515 22.952 7.595 At 31 March 2024 17,820 12.727 30,547 Carrying amount At 31 March 2024 4.079 1,354 5,433 Al 31 March 2023 8,159 4,869 13,028 16 Debto 2024 2023 Amounts falling duè within one yèar: Trade debtors Other debtors Prepayments and a¢¢rued incorne 66,835 13,241 48,035 55,132 11.967 10.504 128,111 77,603 17 Creditors: amounts falllng due within one year 2024 2023 OtheT taxation and social security Trade creditors Othei ¢reditor5 A¢cruals and deferred income 12,687 999 385 1.732 2.785 27,098 11,235 24,921 32,000 -20-
ST ANNS ADVICE GROUP NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 18 Retir•mènt benefit $ehemes 2024 2023 Daffined contribution sch&m8s Charge lo profit or Ios5 in rèspect of defined contribution schemes 11,017 15,900 The Charity operates a defined contribution p&nsion scheme for all qualfying employees. The as5els of the scheme are held Separately frorn those of the ¢harity in an ind8pendenlly 8dminislered fund. 19 Re$trlcted fund$ The restiicted fund5 of the charty Comprise the unexpended balances of donations and grants held on ITUSI subject to specrfic conditions by donor5 as to how they may be used. At 1 April 2023 Incoming rèsources Resour¢•s èxpended Transfers At 31 Mar¢h 2024 Fuel Poverty Project Food and Fumiture Store Money Advice Outreach Program Building Better Opportunities Multiply UKSPF Renewal Trust IDd-Age 1.500 151,322 9,084 1139,1901 16,4821 111.2341 2,398 2,602 2,091 104.877 72,978 73,548 166,250 41,288 15,025 30,000 191.8551 1167,4011 1102.6771 129.2541 119,1521 130,0001 16.786 {11,0241 {43,5731 20.000 3,183 18.8511 4,127 110,0001 10,000 109,617 559,495 1586,0111 154,9181 28.183 Prevlous year. At l April 2022 In¢oming resoure•s R¥$ources expended Transfèrs At 31 March 2023 Fuel Poverty Project Food and Fkjrniture Store Money Advice Outreach PrograTn Building Better Opportunitie5 UK SPF Renewal Trust Newst3rt Ind-Age Energy Saving 21.375 124.702 2.010 1112.5321 13.2701 {32,0451 1,260 1.500 2.790 25,009 102.015 967.619 3,875 29,250 13.807 10,OOQ 71,850 1102.7141 1846,2831 112,7261 118,4151 111,8371 2,091 104,877 18,851} 141,4881 110,8351 11,9701 10,000 163,300} 18.5501 49,174 1,325,128 11,171.057} 193,6281 109.617 21
ST ANNS ADVICE GROUP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Restricted funds (Continued) Transfers: Fuel Poverty Project £11,234 transferred lo unrestricted funds lo cover overheads, printing and travel. £11,024 transferred to unrestricted funds lo cover overheads. £43.573 transferred to unresln¢led funds to cover overheads. £10,000 transferred to unrestricted funds to cover overheads and salaries as per funding requirements. £20,913 transferred from unre5tricled fund5 Its cover expenditure In excess of restricted incorne. Buililing Better Opportunilios Multiply Other restricted funds other r8s1ricted fund5 Purposes of Re5tr1cted Funds Fuel Poverty Project Funding from Bri115h Gas Energy Trust lo tackle fuel debt and provide energy eftiryency advice. Food and Furniture Store Funding from numerous donors lo provide food parcels for people in crisis and essential furniture. Money Advice Oulraach Program Funding from Money Advice SeNce lo provide d8bt advice. Funding frorn Big Lottery fund and European Structural Investrnent Fund to provide a financial inclusiori project across thè D2N2 area. Building Better Opportunities UKSPF Funding frorn UKSPF for community developrnent by supporting Nottingham City residents & businesses. Funding from UKSPF lo offer One-lOne support to city residents to help manage housèhold budgets Multiply Renèwal Trust Funding from The Renewal Trust lo tackle the numbei of people in Nottingham experiencing pioblem debt. Funding from Independent Agè to assist and provide rèlief lo older people in need. Ind-Age Newstart Funding from Newstart to support Creation of employmént opportunitie5. Energy Saving Funding frorn Energy Saving Tnjst to assi51 households by prowding vouchers in line with the energy redress voucher fund. -22-
ST ANNSADVICE GROUP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 20 UnStrIct&d fund$ The unrestricted funds of the charity comprise the unexpended balances ol donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These indude designated funds which have been sel a51de out ol unrestri¢ted funds by the trustees for SpefiC purpostrs. At 1 April 2023 Incoming resourc4s Resource$ expènded Tran$f•rs At 31 March 2024 General fund$ 209.703 560.725 {515.9281 54,918 309.418 Previous year: At 1 April 2022 Incoming re50ur¢ès Rèsources expendèd Transfers At 31 March 2023 General funds 165,186 453,675 1502,7861 93,628 209,703 21 Analy$i$ of net assets b*ts¥èen fund¥ Unrestricted funds 2024 Rèstricted fund$ 2024 Totsl 2024 At 31 March 2024.. Tangible assets Current asselsllliabililiesl 5,433 303,985 5.433 332.168 28,183 309.418 28.183 337,601 Unrestricted funds 2023 Restricted funds 2023 Total 2023 At 31 March 2023: Tangible assets Current asselsllliabilities} 13,028 196.675 13,028 306.292 109,617 209,703 109,617 319.320 -23-
ST ANNS ADVICE GROUP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 22 Relatsd party transaetlons Throughout the year, the following trustees of St Anns Advice Group have also been directors of Chase NC Lirniled, a cornpany limited by guarantee Icompany number 069348391 and registered charity (charity number 11375911. which oper8tÉs The Neighbourhood Community Centre, Robin Hood Chase, St Anns. Nottingham." Mr Grant Everitt Ms Monica Lindsay Rev Anthony Giles Mr Trevor Farmer Mr Robert 8ird Ms Sheila Jones Ms Folasade Abiodun Sowunmi The charity pays an ami's length rental of £11,85612023.. £11,858) per annum and service charges of £4,876 12023." £4.8761 per annurn lo Chase NC Limited. Al 31 March 2024 £1,732 12023.. £1,732) was owed lo Chase NC Limited. The charity recharges half ol the Charity insurance c051 Incurred ea¢h year £2.929 12023.. £2.0421 to Chase NC Limited. Thi5 year il also Charged £15,000 12023.. £15,000) in relation lo salary. At 31 March 2024 £8,71512023'. £22.7341 was owed from Chase NC Limited. Thè charity provided a loan to Chase NC Limited to refurbish the kitchen, wages and other expenses. The amount outstanding at the year-ènd was £11,967 12023.. £11.9681. The loan 15 intere51-Iree and is repayable on demand. 23 Cash g¥nerated from operntlons 2024 2023 Surplus for the year 18,281 104,960 Adjustments for.. IGain}lloss on disposal ol tangible fixed assets Depreciation and impairment of tangible fixed assets 3,086 7,600 7,595 Movements in working capital.. Ilncreasel in debtors (Decrease) in creditors 150,5081 17,0791 145,2921 111,1541 Cash labsorbèd byllg•nerated from operations 131,7111 59,200 24 Analysis of ¢hanges in net funds Thts charity had no rnalerial debt during the year. .24-