2021-03-31-accounts - Wolverhampton Citizens Advice Bureaux

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		Page
Trustees' report		1-10
Statement oftrustees'	responsibilities
Independent auditor's	report	12 - 15
Statement offinancial	activities	16
Balance sheet		17
Notes to the financial	statements	19-32

					Unrestricted	Restricted	Total Unrestricted	Total Unrestricted	Restricted	Total
					funds	funds		funds	funds
					2021	2021		2020	2020	2020
			Notes
Income and endowments				from:
Donations and	legacies			3	729,237	41,988	771,225	10	21	31
Income from charitable
activities				4	248,002	1,284,766	1,532,768	375,515	1,085,614	1,461,129
Investments				5	975		975	1,885		1,885
Other income				6	8,233	3,312	11,545	12,724		12,724
Total income					986,447	1,330,066	2,316,513	390,134	1,085,635	1,475,769
Ex enditure on:
Expenditure from
charitable activities					359,215	1,187,323	1,546,538	309,757	1,037,768	1,347,525
Net incoming	resources
before transfers					627,232	142,743	769,975	80,377	47,867	128,244
Gross transfers
between funds					87,190	(87,190)		49,030	(49,030)
Net incoming	resources				714,422	55,553	769,975	129,407	(1,163)	128,244
Other recognised		gains		and	losses
Revaluation of	tangible
fixed assets					(141,900)		(141,900)
Net movement	in	funds			572,522	55,553	628,075	129,407	(1,163)	128,244
Fund balances	at 1 April		2020		1,212,748	9,623	1,222,371	1,083,343	10,784	1,094,127
Fund balances	at	31 March
2021					1,785,270	65,176	1,850,446	1,212,750	9,621	1,222,371

							2021		2020
					Notes
Fixed assets
Tangible assets								455,000		609,600
Current assets
Debtors					12		193,239		81,839
Cash at bank and		in	hand			2,007,163			669,095
						2,200,402			750,934
Creditors:	amounts		falling due within
one year					13	(774,956)			(138,163)
Net current	assets							1,425,446		612,771
Total assets less		current liabilities						1,880,446		1,222,371
Provisions	for liabilities							(30,000)
Net assets								1,850,446		1,222,371
Income funds
Restricted	funds				16			65,176		9,621
Unrestricted	funds
Designated	funds				17	1,466,864			675,790
General unrestricted			funds				168,686		232,640
Revaluation	reserve						149,720		304,320
								1,785,270		1,212,750
								1,850,446		1,222,371
The financial statements				were approved	by the Trustees on		23 November	2021
J ckett	(Chair)					S Handscomb
Trustee						Trustee

				2021		2020
			Notes
Cash flows from operating		activities
Cash generated from operations			21		1,337,093		108,815
Investing	activities
Investment	income received			975		1,885
Net cash generated from		investing
activities					975		1,885
Financing	activities
Repayment	of bank loans					(21,716)
Net cash	used in financing	activities					(21,716)
Net increase in cash and cash equivalents					1,338,068		88,984
Cash and	cash equivalents	at beginning	ofyear		669,095		580,111
Cash and	cash equivalents	at end of	year		2,007,163		669,095

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
			2021	2021	2021	2020	2020	2020
						F	F	F
Donations	and gifts		642,031	32,013	674,044	10	21	31
Grants received under
coronavirus		job retention
scheme			87,206	9,975	97,181
			729,237	41,988	771,225	10	21	31
Donations		and gifts
Transfer of		net assets
from Dudley CAB			642,002	32,013	674,015
Other			29		29	10	21	31
			642,031	32,013	674,044	10	21	31

The assets transferred	were as follows:
Current Assets	1,178,569
Current Liabilities	(477,054)
Provisions	(27,500)
Total assets transferred	2674,015

							2021	2020
Development		&engagement,	financial	capability	and general	&debt advice	1,532,768	1,461,129
Analysis	by	fund
Unrestricted		funds					248,002	375,515
Restricted	funds						1,284,766	1,085,614
							1,532,768	1,461,129

		Unrestricted	Unrestricted
		funds	funds
		2021	2020
			F
Interest	receivable	975	1,885

Unrestricted	Restricted	Total	Unrestricted
funds	funds		funds
2021	2021	2021	2020
8,233	3,312	11,545	12,724

				2021	2020
Staff costs				1,103,984	972,375
Premises	costs			10,356	8,362
Staff and	Volunteers			7,816	23,561
Office costs				26,003	3,853
Governance		Costs		3,538	1,888
Other Costs				40,585	45,312
				1,192,282	1,055,351
Share of	support costs (see note 8)			336,139	268,122
Share of	governance		costs (see note 8)	18,117	24,050
				1,546,538	1,347,523
Analysis	by	fund
Unrestricted		funds		359,215	309,757
Restricted	funds			1,187,323	1,037,768
				1,546,538	1,347,525

Support	costs
		Support	Governance	2021	Support	Governance	2020
		costs	costs		costs	costs
				f		F
Staff costs		166,470		166,470	126,846		126,846
Depreciation		12,700		12,700	12,700		12,700
Premises	costs	45,318		45,318	56,543		56,543
Staff and	Volunteer
Costs		706		706	6,352		6,352
Other costs		14,110		14,110	16,305		16,305
Office Costs		96,835		96,835	65,683		65,683
Legal and	professional		18,117	18,117		7,744	7,744
		336,139	18,117	354,256	284,429	7,744	292,173
Analysed	between
Charitable	activities	336,139	18,117	354,256	268,123	24,050	292,173

The average monthly num	ber ofemployees during the y	ear was:
		2021	2020
		Number	Number
Advice workers 8 support	staff	53	48
Key management personnel		3	2
Total		56	50
Employment costs		2021	2020
		F	F
Wages and salaries		1,139,870	981,237
Social security costs		89,090	77,198
Other pension costs		41,494	40,786
		1,270,454	1,099,221

Tangible fix	ed asset	s
			Freehold	land	and buildings
Cost or valuation
At 1 April 2020					635,000
Revaluation					(180,000)
At 31 March	2021				455,000
At 1 April 2020					25,400
Depreciation	charged	in the year			12,700
Revaluation					(38,100)
Carrying amount
At 31 March	2021				455,000
At 31 March	2020				609,600

Debtors
			2021	2020
Amounts falling due	within one year:
Trade debtors			85,103	24,890
Other debtors			30,624	24,361
Prepayments and accrued income			77,512	32,588
			193,239	81,839
Creditors: amounts	falling due within one year
			2021	2020
		Notes
Other taxation and social security			27,632	23,352
Deferred income		15	148,097	67,752
Trade creditors			552,094
Other creditors			7,591	8,164
Accruals and deferred	income		39,542	38,895
			774,956	138,163
Provisions for liabilities			2021	2020
				F
Dilapidations			30,000
Movements on provisions:
				Dilapidations
				F
Inherited from Dudley	MBC			27,500
Additional provisions	in the year			2,500
At 31 March 2021				30,000

2021	2020
148,097	67,752

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	Balance at	Transfers	Balance at	Transfers	Balance at
	1 April 2019		1 April 2020		31 March 2021
Freehold property	317,980		317,980		317,980
Reserves policy	265,882	91,928	357,810	243,074	600,884
Digital Development				30,000	30,000
Transformation				15,000	15,000
Digital inclusion officer				30,000	30,000
Volunteer co-ordinator				30,000	30,000
Workforce development				40,000	40,000
Health 8 well being				15,000	15,000
Black Country Macmillan				113,000	113,000
MaPS Recomissioning				160,000	160,000
DMBC One Voluntary
Sector Contract				115,000	115,000
	583,862	91,928	675,790	791,074	1,466,864

Analysis of	net assets	between funds
		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		Funds	Funds		Funds	Funds
		2021	2021	2021	2020	2020	2020
					F	E	E
Fund balances at 31
March 2021	are
represented	by:
Tangible assets		455,000		455,000	609,600		609,600
Current assets/
(liabilities)		1,360,270	65,176	1,425,446	612,771		612,771
Provisions		(30,000)	-	(30,000)
		1,785,270	65,176	1,850,446	1,222,371		1,222,371

under non-cancellable operating leases, which fall due a	s follows:
	2021	2020
Within one year	12,161	1,684
Between two and five years	10,185	3,097
	22,346	4,781

Cash generated from	operations	operations				2021	2020
Surplus for the year						769,975	128,244
Adjustments for:
Investment income recognised in statement				offinancial	activities	(975)	(1,885)
Depreciation and impairment of		tangible	fixed assets			12,700	12,700
Movements in working	capital:
(Increase) in debtors						(111,400)	(1,019)
Increase/(decrease) in	creditors					556,448	(27,573)
(Decrease) in provisions						30,000
Increase/(decrease) in	deferred	income				80,345	(1,652)
Cash generated from	operations					1,337,093	108,815