| Index | Page | Page | ||
|---|---|---|---|---|
| Report ofthe | Irusteos | I | to | 8 |
| Independent | Examiners Report | 9 | ||
| Statement of | Financial Activities | 10 | ||
| Balance Sheet | 11 | |||
| Statement of | Cash Flows | 12 | ||
| Notes to the | Financial Statements | 13 | to | 20 |
| Stephen Bahooshy | Chair (appointed 25 October 2023) |
|---|---|
| Cillian Lyons | Treasurer |
| Davina Hehir | Vice Chair |
| James Daglish | |
| Pat KnIght | |
| Homer Taylor | |
| Cheryl Cower | |
| Carolyn Dealey | (appointed 17 May 2023) |
| Frances McDonnell | (appointed 17 May 2023) |
| Richard Khan | (appointed 17 May 2023) |
| Help Accessing Legal | A projectto improve and sustain access to | Greater London |
|---|---|---|
| Support (HALS) | early legal advice and avoid unnecessarycourt | Authority (GLA) |
| proceedings. |
| Notes | Unrestricted | Designated | Restricted | Total Funds | ||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2023 | 2022 | ||
| £ | £ | £ | £ | £ | ||
| INCOME | ||||||
| Donations | 2 | 785 | 785 | 996 | ||
| Charitable activities | 3 | 319,893 | 190,261 | 510,154 | 476,593 | |
| Investments | 4 | 704 | 704 | |||
| TOTAL INCOME | 321,382 | 190,261 | 511,643 | 477,589 | ||
| EXPENDITURE | ||||||
| Fund raising | 5 | |||||
| Charitable activities | 6 | 286,565 | - | 206,851 | 493,416 | 475,165 |
| 10[AL LXPLNDIIURL | 286,585 | 208,851 | ‘193,4l~ | ‘178,188 | ||
| NE I INCOMEI(EXPENDITURE) | 34,817 | - | (16,590) | 18,227 | 2,424 | |
| OTHER GAINS AND LOSSES | ||||||
| ii Lrr~.irir~rii of ii~.[ |
||||||
| defined benefit liability | 23 | 604,000 | - | - | 604,000 | |
| Transfer between funds | 17 | (23,252) | - | 23,252 | - | |
| NET MOVEMENT OF FUNDS | 615,565 | - | 6,662 | 622,227 | 2,424 | |
| Total funds broughtforward | 17 | (506,922) | 248,496 | - | (258,426) | (260,850) |
| Total funds carried forward | 17 | 108,643 | 248,496 | 6,662 | 363,801 | (258,426) |
| CROYDON CITIZENS ADVICE BUREAUX LIMITED | ||||
|---|---|---|---|---|
| Company No. 02197919 | ||||
| Balance Sheet | ||||
| as at 31 March 2023 | Note | 2023 | 2022 | |
| £ | £ | £ | ||
| Fixed Assets | ||||
| Tangible Assets | 13 | - | 4,569 | |
| CurrentAssets | ||||
| Debtors | 14 | 72,421 | 30,234 | |
| Cash held as investment | 15 | - | 76,114 | |
| Cash at bank and in hand | 347,564 | 278,625 | ||
| 419,985 | 384,973 | |||
| Creditors: amounts falling due within one year | 16 | 56,184 | 19,968 | |
| Netcurrent assets | 365(105 | |||
| lotal assets less current liabiiit~es | 363,801 | 369,5/4 | ||
| Provision fordefined benefit pension liability | 23 | - | (628,000) | |
| NetAssets | 363,801 | (258,426) | ||
| Unrestricted funds | ||||
| General funds | 17 | 108,043 | (506,022) | |
| Designated funds | 17 | 248,496 | 248,496 | |
| Restricted funds | 1 / | 6,662 | - | |
| lotal 1-unds | 363801 | (258426) |
| CROYDON CITIZENS ADVICE BUREAUX LIMITED Statement of Cash Flows forthe year ended 31 March 2023 |
||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Net cash provided by (used in) operating activities (Note 19) | (7,879) | (2,130) |
| Cash flows from investing activities | ||
| Investment income | 704 | |
| Purchase offixed assets | ||
| Cash provided by (used in) investing activities | 704 | |
| Increase (decrease) in cash and cash equivalents atthe end ofthe year | (7,175) | (2,130) |
| Cash and cash eqLlivalents atthe beginning ofthe year | 354,739 | 356,869 |
| Cash and cash equivalents atthe end ofthe year | 347,564 | 354,739 |
| Reconciliation to cash and cash equivalents atthe end ofthe year per the Balance sheet: | ||
| Cash hold as invostment | - | 76,114 |
| Cucii at bunk and In hand | 341,564 | 2/8,625 |
| Total cash and cash equivalents at the end ofthe year per the Balance sheet | 347,564 | 354,739 |
| There are no cash and cash equivalent balances that are notavailable for use by the company. |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Note | Unrestricted | Restricted | Total | Total | ||
| 2 | DONATIONS | £ | £ | £ | £ | |
| Sundry donations | 785 | 785 | 996 | |||
| 785 | - | 785 | 996 | |||
| 3 | CHARITABLE ACTIVITIES | £ | F | F | £ | |
| Croydon Council - Local GovernmentGrant | 333,000 | - | 333,000 | 313,975 | ||
| M~cmill~n [3~n~fit~ ~clvic~ ~rvic~ | - | 88,223 | 88,223 | 74,554 | ||
| Universal Credit | 55,409 | |||||
| Irust F-or London | - | 41,302 | 41,302 | 29,625 | ||
| GLA | - | 24,000 | 24,000 | |||
| Access to Justice | - | 36,736 | 36,736 | |||
| The London Community Foundation | 4,555 | - | 4,555 | |||
| Citizens Advice | (28,171) | - | (28,171) | |||
| DWP Access To Work Grant | 10,509 | - | 10,509 | 3,030 | ||
| 319,893 | 190,261 | 510,154 | 476,593 | |||
| 4 | INVESTMENTS | £ | £ | £ | £ | |
| Bank interest | /04 | - | /04 | |||
| 5 | FUND RAISING EXPENDITURE | £ | £ | £ | £ | |
| Support cost allocation | 8 | |||||
| 6 | CHARITABLE ACTIVITIES EXPENDITURE | £ | £ | £ | £ | |
| Direct staff costs | ‘183,581 | ‘124,548 | ,308,129 | .~05,48/ | ||
| Direct professional fees (legal aid work) | 19,821 | 14,612 | 34,433 | 34,212 | ||
| Otherdirect costs | - | 5,350 | 5,350 | 2,362 | ||
| Governance costs | 7 | 6,808 | 5,237 | 12,045 | 7,452 | |
| Support cost allocation | 8 | 76,355 | 57,104 | 133,459 | 125,652 | |
| Finance costs | 23 | |||||
| 286,565 | 206,851 | 493,416 | 475,165 |
| or | the year ended 31 March 2023 | |||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| Note | Unrestricted | Restricted | Total | Total | ||
| 7 | GOVERNANCE EXPENDITURE | £ | £ | £ | £ | |
| Independentexaminer | 1,356 | 1,044 | 2,400 | 2,310 | ||
| Trustee expenses | 12 | |||||
| Legal & professional fees | 5,452 | 4,193 | 9,645 | 5,142 | ||
| Support cost allocation | 8 | |||||
| 6,808 | 5,237 | 12,045 | 7,452 | |||
| 8 | SUPPORT COSTS EXPENDITURE | £ | £ | £ | £ | |
| Staff costs | 11 | 40,12q | 31,01~ | 71,148 | 63,006 | |
| Staff and volunteer expenses | 3,717 | 2,891 | 6,608 | 5,296 | ||
| Preinisos arid eslablisliirieiil costs | 13,985 | 11,071 | 25,056 | 27,944 | ||
| OfFice aclinil Iisiratioi I cosis | 18,524 | 12,123 | 30,647 | 29,308 | ||
| Othersupport costs | 98 | |||||
| 76355 | 57,104 | 133,459 | 125,652 | |||
| Allocated to: | £ | £ | £ | £ | ||
| Fund raising | 5 | |||||
| Charitable activities | 6 | 76,355 | 57,104 | 133,459 | 125,662 | |
| Governance | 7 | |||||
| 76,355 | 57,104 | 133,459 | 125,052 |
| 2023 | 2022 | |
|---|---|---|
| NET INCOML~I(~XPhNDI IURb) | £ | |
| This is stated after charging: | ||
| Independent examiner’s remuneration | 2,400 | 2,310 |
| Operating leases - Premises | 22,500 | 22,500 |
| Operating leases - Equipirierit | 1,944 | 1,944 |
| Pensions - defined contribution | 14,160 | 13,243 |
| Depreciation | 4,569 | 4,562 |
| es to the Financial Statements (Continued) he year ended 31 March 2023 |
|||
|---|---|---|---|
| Note | 2023 | 2022 | |
| STAFF COSTS | £ | £ | |
| Salaries and wages | 337096 | 328,686 | |
| Social security costs | 28,021 | 26,564 | |
| Pensions - defined benefit | |||
| Pensions-defined contribution | 14,160 | 13,243 | |
| Redundancy | |||
| 379,277 | 368,493 | ||
| Staff costs are analysed as: | |||
| Direct staff costs | 6 | 308,129 | 305,487 |
| Support staff costs | 8 | 71,148 | 63,006 |
| 379,277 | 368,’103 | ||
| No employee received emoluments of more than £60,000 (2022: Nil). | |||
| The remuneration of key managementpersonnel was £66,461 (2022: £66,163) | |||
| I lie averege number of employees during the year was | |||
| Full time employees | 9 | 9 | |
| Part time employees | 3 | 4 | |
| 12 | 13 | ||
| The full time equivalent posts at the end of the financial | yearwas | ||
| Charitable purpoee~ | 0.1 | 10.1 | |
| Management and administration | 1.4 | 1.4 | |
| 10.5 | 11.5 | ||
| TRUSTEE EXPENSES | £ | £ | |
| Travel coa[~ reiiribuised | - | - | |
| Other costs | |||
| No Trustees were reirribursed for expenses in the year (2022: none). | |||
| No Trustee received any remuneration orfees for professional services (2022: none) | |||
| FIXED ASSETS | |||
| Equipment | |||
| Cost | £ | £ | |
| Balance brought forward | 13,689 | 13,689 | |
| Acquired during the year | - | - | |
| Balance at 31 March 2023 | 13,689 | 13,689 | |
| Depreciation | |||
| Balance broughtforward | 9,120 | 4,558 | |
| Provided during the year | 4,569 | 4,562 | |
| Balance at 31 March 2023 | 13,689 | 9,120 | |
| Net balance | |||
| 31 March 2023 | - | 4,569 | |
| 31 March 2022 | 4,569 | 9,131 | |
| DEBTORS | £ | £ | |
| Trade debtors | 67,582 | 25,083 | |
| Prepayments | 4,839 | 5,151 | |
| 72,421 | 30,234 | ||
| There are no debtors due after more than one year. |
| OYDON CITIZENS ADVICE BUREAUX LIMITED es to the Financial Statements (Continued) he year ended 31 March 2023 |
||||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| CASH HELD AS INVESTMENT | £ | £ | ||||
| Scottish Widows | 76,114 | |||||
| Cash at bank not used to meet short term cash commitments | ||||||
| CREDITORS Amounts falling due within one year |
£ | £ | ||||
| Social security and other taxes | ||||||
| Accruals | 0,559 | 8,161 | ||||
| Deferred Income | 44,052 | 9,875 | ||||
| Other creditors | 2,573 | 1,932 | ||||
| 56,184 | 19,968 | |||||
| MOVEMEN IS IN FUNDS | ||||||
| Balerice | Balance | |||||
| 1 | April | Iricorriing | Ou[goinç~ | Ti iri~1~r~ | 31 March | |
| 2022 | Resources | Resources | 2023 | |||
| £ | £ | £ | £ | £ | ||
| Unrestricted funds | ||||||
| General Funds | (506,922) | 321,382 | (317,435) | (23,252) | 108,643 | |
| Designated Funds | ||||||
| Wind Up Reserve | 138,496 | 138,496 | ||||
| IT IiilraslxucJure Fund | 30,000 | 30,000 | ||||
| Service Development Fund | 50,000 | 50,000 | ||||
| Premises Fund | 30.000 | 30,000 | ||||
| Subtotal: Designated Funds | 248,496 | 248,496 | ||||
| Total Unrestricted Funds | (258,426) | 321,382 | (317,435) | (23,252) | 35/139 | |
| Restricted funds | ||||||
| Macmillan Benefits Advice Services rroject | 88,223 | 01,526 | 3,303 | - | ||
| Trust For London | - | 41,302 | 39,215 | - | 2,087 | |
| Greater London Authority | 24,000 | 43,949 | 19,949 | - | ||
| Access to Justice Foundation | . | 36,736 | 32,161 | - | 4,575 | |
| - | 190,261 | 206,851 | 23,252 | 6,662 | ||
| Total balance | (258,426) | 511,643 | (110,584) | - | 363,801 |
| Balance | Balance | ||||
|---|---|---|---|---|---|
| 1 April | Incoming | Outgoing | Transfers | 31 March | |
| 2021 | Resources | Resources | 2022 | ||
| £ | £ | £ | £ | £ | |
| Unrestricted funds | |||||
| General Funds | (613,786) | 318,001 | 288,729 | (22,408) | (500,922) |
| Designated Funds | |||||
| Wind Up Reserve | 142,936 | - | - | (4,440) | 138,496 |
| IT Infrastructure Fund | 30,000 | - | - | - | 30,000 |
| Service Development Fund | 50,000 | - | - | - | 50,000 |
| Premises Fund | 30,000 | - | - | - | 30,000 |
| Subtotal: Designated Funds | 252,936 | - | - | (4,440) | 248,496 |
| Total Unrestricted Funds | (260,850) | 318,001 | 288,729 | (26,848) | (258,426) |
| Restricted funds | |||||
| Macmillan Benefits Advice Services Project | - | 74,554 | 84,327 | 9,773 | - |
| Universal Credit | - | 55,409 | 55,536 | 127 | - |
| National Lottery Community Fund | - | 29,625 | 46,573 | 16,948 | - |
| - | 159,588 | 186,436 | 26,848 | - | |
| Total balance | (260,850) | 477,589 | 475,165 | - | (258,426) |
| ANALYSIS OF NET ASSETS BETWEEN FUNDS | ||||
|---|---|---|---|---|
| 2023 | ||||
| Unrestricted | Restricted | Total | ||
| General | Designated | |||
| £ | £ | £ | £ | |
| Fund balance as at 31 March 2023 is represented by | ||||
| Tangible fixed assets | - | |||
| Cash balances | 152,512 | 248,496 | (53,444) | 347,564 |
| Debtors | 12,315 | - | 60,106 | 72,421 |
| Current liabilities | (56,184) | - | - | (56,184) |
| 108,643 | 248,496 | 6,662 | 363,801 | |
| RECONCILIAIION OF NEI MOVEMENIS IN FUNDS 10 NEI CASH FLOW FROM | OPERAIINGACIIVIIIES | |||
| 2023 | 2022 | |||
| £ | £ | |||
| N~t iiiov~m~nt in Funds | 622,227 | 2,424 | ||
| oss/(qain) on defined benefit pension scheme (note 23) | (604,000) | |||
| Less: employer contributions to defined benefit pension scheme (note 23) | (24,000) | |||
| Add: depreciation charge | 4,569 | 4,562 | ||
| Less: investment income | (704) | |||
| Decrease (increase) in debtors | (42,187) | (8,287) | ||
| Increase (decrease) in creditors | 36,216 | (829) | ||
| Net cash provided by (used in) operating activities |
| OPERATING LEASES | ||||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Property | Equipment | Total | Total | |
| £ | £ | £ | £ | |
| Future minimum lease payments due | ||||
| within one year | 22500 | 1896 | 24396 | 24396 |
| between 1 and 5 years | - | - | 24396 | |
| more than 5 years | ||||
| 22,500 | 1896 | 24,396 | 48,792 |
| Net pension liability | ||
|---|---|---|
| Year to | Year to | |
| 31st March | 31st March | |
| 2023 | 2022 | |
| £ | £ | |
| As at 1stApril 2022 / 2021 | 628,000 | 628,000 |
| Contributions in the year | (24,000) | - |
| Discharge of obligations by Fund | (604,000) | - |
| As at 31st March 2023/2022 | - | 628,000 |