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2024-03-31-accounts
| Index |
Page |
Page |
|
| Report of the Trustees |
I |
to |
8 |
| Independent Examiners Report |
|
9 |
|
| Statement of Financial Activities |
|
10 |
|
| Balance Sheet |
|
II |
|
| Statement ofCash Flows |
|
12 |
|
| Notes to the Financial Statements |
13 |
to |
20 |
| Benefits Universal |
V |
V |
V |
|
|
| Credit |
|
|
|
|
|
| Consumergoodsand |
V |
V |
V |
|
|
| services |
|
|
|
|
|
| Debt |
VV |
|
V |
V |
|
| Discrimination |
V |
V |
V |
|
|
| Education |
V |
V |
V |
|
|
| Employment |
V |
V |
V |
|
|
| Financial services & |
V |
V |
V |
|
|
| capability |
|
|
|
|
|
| Health & community |
V |
V |
V |
|
|
| care |
|
|
|
|
|
| Housing |
V |
V |
V |
V |
V |
| Immigration & asylum |
V |
V |
V |
|
|
| Legal |
VV |
|
V |
|
|
| Other |
VV |
|
V |
|
|
| Relationships&family |
V |
V |
V |
|
|
| Tax |
VV |
|
V |
|
|
| Travel &transport |
V |
V |
V |
|
|
| Utilities & |
V |
V |
V |
|
|
| communications |
|
|
|
|
|
| Service |
Targetclient/Projectfocus |
Funder |
| Macmillan Welfare |
Individualswith a cancer diagnosis, their |
Macmillan |
| Benefits Advice |
familyorcarers |
|
| Housing First Aid Service |
Developmentof a Housing First Aid approach, |
Trustfor London |
|
supporting partnersto deliver First Aid and |
|
|
make casework referrals |
|
| Advising Londoners |
A pan London project providing information, |
Greater London |
| Project |
advice and supportto Londoners at risk of/in |
Authority (GLA) |
|
crisis, and delivering Advice First Aidtraining |
|
|
to a range ofcommunity partners. |
|
| Improving Outcomes |
A projectto improve and sustain accessto |
AccesstoJustice |
| Through Legal Support |
early legal advice and avoid unnecessary court |
Foundation |
| (IOTLS) |
proceedings. |
|
| A |
9 in 10 have increased sense of purpose and self |
| ~ |
esteem |
~
~ |
Over halfofour retired volunteers saytheyfeel less at
risk ofsocial isolation |
|
3 in 4volunteers identifying as having a mental |
|
health condition felt better able to managetheir |
|
condition |
|
Notes |
Unrestricted |
Designated |
Restricted |
Total Funds |
|
|
|
Funds |
Funds |
Funds |
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
£ |
| INCOME |
|
|
|
|
|
|
| Donations |
2 |
780 |
|
|
780 |
785 |
| Charitable activities |
3 |
370,230 |
|
322,631 |
692,861 |
510,154 |
| Investments |
4 |
3,581 |
|
|
3,581 |
704 |
| TOTAL INCOME |
|
374,591 |
|
322,631 |
697,222 |
511,643 |
| EXPENDITURE |
|
|
|
|
|
|
| Fund raising |
5 |
|
|
|
|
|
| Charitable activities |
6 |
184,902 |
- |
393,130 |
578,032 |
493,416 |
| TOTAL EXPENDITURE |
|
184,902 |
- |
393,130 |
578,032 |
493,416 |
| NET INCOMEI(EXPENDITURE) |
|
189,689 |
- |
(70,499) |
119,190 |
18,227 |
| OTHER GAINS AND LOSSES |
|
|
|
|
|
|
| Remeasurement of net |
|
|
|
|
|
|
| defined benefit liability |
23 |
|
|
|
|
604,000 |
| Transfer between funds |
17 |
(142,721) |
56,266 |
86,455 |
- |
|
| NET MOVEMENT OF FUNDS |
|
46,968 |
56,266 |
15,956 |
119,190 |
622,227 |
| Total funds broughtforward |
17 |
108,643 |
248,496 |
6,662 |
363,801 |
(258,426) |
| Total funds carried forward |
17 |
155,611 |
304,762 |
22,618 |
482,991 |
363,801 |
| CROYDON CITIZENS ADVICE BUREAUX LIMITED |
|
|
|
|
| Company No. 02197919 |
|
|
|
|
| Balance Sheet |
|
|
|
|
| as at 31 March 2024 |
Note |
2024 |
|
2023 |
|
|
£ |
£ |
£ |
| Fixed Assets |
|
|
|
|
| Tangible Assets |
13 |
|
|
|
| CurrentAssets |
|
|
|
|
| Debtors |
14 |
88,980 |
|
72,421 |
| Cash held as investment |
15 |
85,219 |
|
- |
| Cash at bank and in hand |
|
351643 |
|
347,564 |
|
|
525,842 |
|
419,985 |
| Creditors: amounts falling due within one year |
16 |
42,851 |
|
56,184 |
| Netcurrentassets |
|
|
482,991 |
363,801 |
| Total assets less current liabilities |
|
|
482,991 |
363,801 |
| Provision for defined benefit pension liability |
23 |
|
- |
- |
| NetAssets |
|
|
482,991 |
363,801 |
| Unrestricted funds |
|
|
|
|
| General funds |
17 |
|
155,611 |
108,643 |
| Designated funds |
17 |
|
304,762 |
248,496 |
| Restricted funds |
17 |
|
22,618 |
6,662 |
| Total Funds |
|
|
482,991 |
363,801 |
CROYDON CITIZENS ADVICE BUREAUX LIMITED
Statement of Cash Flows
forthe year ended 31 March 2024 |
|
|
|
2024 |
2023 |
|
£ |
£ |
| Net cash provided by (used in) operating activities (Note 19) |
85,717 |
(7,879) |
| Cash flows from investing activities |
|
|
| Investment income |
3,581 |
704 |
| Purchase of fixed assets |
- |
- |
| Cash provided by (used in) investing activities |
3,581 |
704 |
| Increase (decrease) in cash and cash equivalents atthe end ofthe year |
89,298 |
(7,175) |
| Cash and cash equivalents atthe beginning ofthe year |
347,564 |
354,739 |
| Cash and cash equivalents at the end of the year |
436,862 |
347,564 |
| Reconciliation to cash and cash equivalents atthe end ofthe year per the Balance sheet: |
|
|
| Cash held as investment |
85,219 |
- |
| Cash at bank and in hand |
351,643 |
347,564 |
| Total cash and cash equivalents at the end ofthe year per the Balance sheet |
436,862 |
347,564 |
| There are no cash and cash equivalent balances that are notavailable for use bythe company. |
|
|
|
|
|
|
2024 |
|
2023 |
|
|
Note |
Unrestricted |
Restricted |
Total |
Total |
| 2 |
DONATIONS |
|
£ |
£ |
£ |
£ |
|
Sundry donations |
|
780 |
|
780 |
785 |
|
|
|
780 |
- |
780 |
785 |
| 3 |
CHARITABLE ACTIVITIES |
|
£ |
£ |
£ |
£ |
|
Croydon Council - Local Government Grant |
|
339,856 |
- |
339,856 |
333,000 |
|
Macmillan Cancer Support |
|
- |
112,554 |
112,554 |
88,223 |
|
Trust For London |
|
- |
51,875 |
51,875 |
41,302 |
|
Greater London Authority (GLA) |
|
- |
37,000 |
37,000 |
24,000 |
|
Access to Justice Foundation |
|
- |
85,875 |
85,875 |
36,736 |
|
The London Community Foundation |
|
- |
4,555 |
4,555 |
4,555 |
|
Croydon Relief In Need |
|
|
15,772 |
15,772 |
|
|
Citizens Advice |
|
- |
15,000 |
15,000 |
(28,171) |
|
OtherCharitable Income |
|
30,374 |
- |
30,374 |
10,509 |
|
|
|
370,230 |
322,631 |
692,861 |
510,154 |
| 4 |
INVESTMENTS |
|
£ |
£ |
£ |
£ |
|
Bank interest |
|
3,581 |
- |
3,581 |
704 |
| 5 |
FUND RAISING EXPENDITURE |
|
£ |
£ |
£ |
£ |
|
Support cost allocation |
8 |
|
|
|
|
| 6 |
CHARITABLE ACTIVITIES EXPENDITURE |
|
£ |
£ |
£ |
£ |
|
Direct staff costs |
11 |
96,383 |
267,892 |
364,275 |
308,129 |
|
Direct professional fees (legal aid work) |
|
|
|
|
34,433 |
|
Otherdirect costs |
|
- |
1,586 |
1,586 |
5,350 |
|
Governance costs |
7 |
9,543 |
20,707 |
30,250 |
12,045 |
|
Support cost allocation |
8 |
78,976 |
102,945 |
181,921 |
133,459 |
|
|
|
184,902 |
393,130 |
578,032 |
493,416 |
|
|
|
|
2024 |
|
2023 |
|
|
Note |
Unrestricted |
Restricted |
Total |
Total |
| 7 |
GOVERNANCE EXPENDITURE |
|
£ |
£ |
£ |
£ |
|
lndependentexaminer |
|
776 |
1,684 |
2,460 |
2,400 |
|
Trustee expenses |
12 |
182 |
396 |
578 |
- |
|
Legal & professional fees |
|
8,585 |
18,627 |
27,212 |
9,645 |
|
Support cost allocation |
8 |
- |
- |
- |
- |
|
|
|
9,543 |
20,707 |
30,250 |
12,045 |
| 8 |
SUPPORT COSTS EXPENDITURE |
|
£ |
£ |
£ |
£ |
|
Staff costs |
11 |
40,455 |
51,665 |
92,120 |
71,148 |
|
Staff and volunteer expenses |
|
1,967 |
2,807 |
4,774 |
6,608 |
|
Premises and establishment costs |
|
14,432 |
16,410 |
30,842 |
25,056 |
|
Office administration costs |
|
22,122 |
32,063 |
54,185 |
30,647 |
|
Other support costs |
|
|
|
|
|
|
|
|
78,976 |
102,945 |
181,921 |
133,459 |
|
Allocated to: |
|
£ |
£ |
£ |
£ |
|
Fund raising |
5 |
|
|
|
|
|
Charitable activities |
6 |
78,976 |
102,945 |
181,921 |
133,459 |
|
Governance |
7 |
|
|
|
|
|
|
|
78,976 |
102,945 |
181,921 |
133,459 |
|
2024 |
2023 |
| NET INCOMEI(EXPENDITURE) |
£ |
£ |
| This is stated after charging: |
|
|
| Independentexaminer’s remuneration |
2,400 |
2,400 |
| Operating leases - Premises |
22,500 |
22,500 |
| Operating leases - Equipment |
1,944 |
1,944 |
| Pensions - defined contribution |
15,964 |
14,160 |
| Depreciation |
- |
4,569 |
es to the Financial Statements (Continued)
he year ended 31 March 2024 |
|
|
|
|
|
Note |
|
2024 |
2023 |
| STAFF COSTS |
|
|
£ |
£ |
| Salaries and wages |
|
|
405,168 |
337,096 |
| Social security costs |
|
|
32,286 |
28,021 |
| Pensions - defined benefit |
|
|
- |
- |
| Pensions-defined contribution |
|
|
15,964 |
14,160 |
| Redundancy |
|
|
- |
- |
|
|
|
453,418 |
379,277 |
| Staff costs are analysed as: |
|
|
|
|
| Direct staff costs |
|
6 |
364,275 |
308,129 |
| Support staff costs |
|
8 |
92,120 |
71,148 |
|
|
|
456,395 |
379,277 |
| One employee received emoluments of more than £60,000 (2023: Nil). |
|
|
|
|
| The remuneration of key management personnel was £61,340 (2023: £56,457) |
|
|
|
|
| The average number of employees during the yearwas |
|
|
|
|
| Full time employees |
|
|
11 |
9 |
| Part time employees |
|
|
3 |
3 |
|
|
|
14 |
12 |
| The full time equivalent posts at the end of the financial |
yearwas |
|
|
|
| Charitable purposes |
|
|
11.6 |
9.1 |
| Management and administration |
|
|
1.4 |
1.4 |
|
|
|
13.0 |
10.5 |
| TRUSTEE EXPENSES |
|
|
£ |
£ |
| Travel costs reimbursed |
|
|
- |
- |
| Other costs |
|
|
- |
|
| No Trustees were reimbursed for expenses in the year |
(2023: |
none). |
|
|
| No Trustee received any remuneration or fees for professional services (2023: none) |
|
|
|
|
| FIXED ASSETS |
|
|
|
|
|
|
|
Equipment |
|
| Cost |
|
|
£ |
£ |
| Balance brought forward |
|
|
13,689 |
13,689 |
| Acquired during the year |
|
|
- |
- |
| Balance at 31 March 2024 |
|
|
13,689 |
13,689 |
| Depreciation |
|
|
|
|
| Balance brought forward |
|
|
13,689 |
9,120 |
| Provided during the year |
|
|
- |
4,569 |
| Balance at 31 March 2024 |
|
|
13,689 |
13,689 |
| Net balance |
|
|
|
|
| 31 March 2024 |
|
|
|
|
| 31 March 2023 |
|
|
- |
4,569 |
| DEBTORS |
|
|
£ |
£ |
| Trade debtors |
|
|
83,099 |
25,083 |
| Prepayments and other debtors |
|
|
5,881 |
5,151 |
|
|
|
88,980 |
30,234 |
YDON CITIZENS ADVICE BUREAUX LIMITED
s to the Financial Statements (Continued)
he year ended 31 March 2024 |
|
|
|
2024 |
2023 |
| CASH HELD AS INVESTMENT |
£ |
£ |
| Redwood Bank 1 year deposit account |
85,219 |
|
| Cash at bank not used to meet short term cash commitments |
|
|
|
|
|
| CREDITORS : Amounts falling due within one year |
£ |
£ |
| Social security and other taxes |
|
|
| Accruals |
39,680 |
9,559 |
| Deferred Income |
- |
44,052 |
| Othercreditors |
3,171 |
2,573 |
|
42,851 |
56,184 |
| MOVEMENTS IN FUNDS |
|
|
|
|
|
|
Balance |
|
|
|
Balance |
|
1 April |
Incoming |
Outgoing |
Transfers |
31 March |
|
2023 |
Resources |
Resources |
|
2024 |
|
£ |
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
|
| General Funds |
108,643 |
374,591 |
184,902 |
(142,721) |
155,611 |
| Designated Funds |
|
|
|
|
|
| Wind Up Reserve |
138,496 |
|
|
56,266 |
194,762 |
| IT Infrastructure Fund |
30,000 |
|
|
|
30,000 |
| Service Development Fund |
50,000 |
|
|
|
50,000 |
| Premises Fund |
30,000 |
|
|
|
30,000 |
| Subtotal: Designated Funds |
248,496 |
- |
- |
56,266 |
304,762 |
| Total Unrestricted Funds |
357,139 |
374,591 |
184,902 |
(86,455) |
460,373 |
| Restricted funds |
|
|
|
|
|
| Macmillan Benefits Advice Services Project |
- |
112,554 |
104,434 |
14,498 |
22,618 |
| Trust For London |
2,087 |
51,875 |
60,458 |
6,496 |
- |
| Greater London Authority |
- |
37,000 |
90,991 |
53,991 |
- |
| Access to Justice Foundation |
4,575 |
85,875 |
101,920 |
11,470 |
- |
| The London Community Foundation |
- |
4,555 |
4,555 |
- |
- |
| Croydon Relief In Need |
- |
15,772 |
15,772 |
- |
- |
| Citizens Advice |
- |
15,000 |
15,000 |
- |
- |
|
6,662 |
322,631 |
393,130 |
86,455 |
22,618 |
| Total balance |
363,801 |
697,222 |
578,032 |
- |
482,991 |
|
Balance |
|
|
|
Balance |
|
1 April |
Incoming |
Outgoing |
Transfers |
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 Infrastructure 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) |
357,139 |
| Restricted funds |
|
|
|
|
|
| Macmillan Benefits Advice Services Project |
- |
88,223 |
91,526 |
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 |
| ANALYSIS OF NETASSETS BETWEEN FUNDS |
|
|
|
|
|
|
|
2024 |
|
|
Unrestricted |
|
Restricted |
Total |
|
General |
Designated |
|
|
|
£ |
£ |
£ |
£ |
| Fund balance as at 31 March 2024 is represented by |
|
|
|
|
| Tangible fixed assets |
- |
- |
|
|
| Cash balances |
169,588 |
304,762 |
(37,488) |
436,862 |
| Debtors |
28,874 |
- |
60,106 |
88,980 |
| Current liabilities |
(42,851) |
|
|
(42,851) |
|
155,611 |
304,762 |
22,618 |
482,991 |
| RECONCILIATION OF NET MOVEMENTS IN FUNDS TO NET CASH FLOW FROM |
|
OPERATING |
ACTIVITIES |
|
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
| Net movement in Funds |
|
|
119,190 |
622,227 |
| Loss/(gain) 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 |
| Less: investment income |
|
|
(3,581) |
(704) |
| Decrease (increase) in debtors |
|
|
(16,559) |
(42,187) |
| Increase (decrease) in creditors |
|
|
(13,333) |
36,216 |
| Netcash provided by (used in) operating activities |
|
|
85,717 |
(7,879) |
| OPERATING LEASES |
|
|
|
|
|
|
|
2024 |
|
|
2023 |
|
Property |
Equipment |
|
Total |
Total |
|
£ |
£ |
|
£ |
£ |
| Future minimum lease payments due |
|
|
|
|
|
| within one year |
1,250 |
|
- |
1250 |
24,396 |
| between I and 5 years |
- |
|
- |
- |
24,396 |
| more than 5 years |
- |
|
- |
- |
|
|
1,250 |
|
- |
1,250 |
48,792 |
| Net pension liability |
|
|
|
Yearto |
Yearto |
|
31st March |
31st March |
|
2024 |
2023 |
|
£ |
£ |
| As at 1stApril 2023/2022 |
- |
628,000 |
| Contributions in the year |
- |
(24,000) |
| Discharge of obligations by Fund |
- |
(604000) |
| As at 31St March 2024 / 2023 |
|
|