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|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|
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|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)|
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|Help Accessing Legal|A projectto improve and sustain access to|Greater London|
|---|---|---|
|Support (HALS)|early legal advice and avoid unnecessarycourt|Authority (GLA)|
||proceedings.||
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||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)|
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|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.|||
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|||||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|
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|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|
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||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|
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|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.||||
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|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|
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||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)|
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|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|||||
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|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|
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|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|