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2024-03-31-accounts

Registered number: 02228358 Charity number: 700314

LEEDS CITIZENS ADVICE BUREAU

(A company limited by guarantee) TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

Document ID: 1c9e2f0507828df7d9de38e7b60dd2a21ecb1ead4774bfe39b6fa937ad9951b9

LEEDS CITIZENS ADVICE BUREAU

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the charity, its Trustees and advisers 1
Trustees' report 2 - 9
Independent auditor's report on the financial statements 10 - 13
Statement of financial activities 14
Balance sheet 15
Statement of cash flows 16
Notes to the financial statements 17 - 36

Document ID: 1c9e2f0507828df7d9de38e7b60dd2a21ecb1ead4774bfe39b6fa937ad9951b9

LEEDS CITIZENS ADVICE BUREAU

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024

Trustees Isobel Mills,Chair
Alison Lowe,Vice Chair
Dr Kenneth Patterson,Trustee
Laura Walker,Treasurer
Nigel Turner,Trustee
Patrick Grant,Trustee
Rebecca Dearden,Trustee
Richard Balfe,Trustee
Richard Brook,Trustee
Ryk Downes,Trustee
Company registered
number
02228358
Charity registered number
700314
Registered office
Oxford House
Oxford Row
Leeds
West Yorkshire
LS1 3BE
Company secretary
Dianne Lyons
Key Management Personnel Dianne Lyons ( Chief Executive )
Badamkhand Palmer ( Finance Manager )
Julie Balfour ( Specialist Services Director )
Marie Mooney ( Advice Services Director )
Independent auditor
BHP LLP
Chartered Accountants
Rievaulx House
1 St Mary's Court
York
YO24 1AH
Bankers
Unity Trust Bank plc
4 Brindleyplace
Birmingham
B1 2HB

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Document ID: 1c9e2f0507828df7d9de38e7b60dd2a21ecb1ead4774bfe39b6fa937ad9951b9

LEEDS CITIZENS ADVICE BUREAU

(A company limited by guarantee)

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2024

The Trustees present their Annual Report together with the audited Financial Statements of the charity for the period 1 April 2023 to 31 March 2024. The Annual report serves the purposes of both a Trustees' Report and a Directors' Report under company law. The Trustees confirm that the Annual Report and Financial Statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the charity qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

a. Purpose and Values

The Charity's objectives are to promote any charitable purpose for the benefit of the community in the Leeds Metropolitan District and surrounding areas ("the area of benefit") by the advancement of education, the protection and preservation of health and the relief of poverty, sickness, and distress. Citizens Advice Leeds seeks to achieve these aims by providing a comprehensive service of information, advice, and representation and by working to achieve policy change for the benefit of those in greatest need.

Citizens Advice Leeds provides a generalist advice service that covers a wide range of subjects including Benefits, Debt, Employment, Housing and Utilities. We provide advice that is free, independent, confidential, and impartial; we value diversity, promote equality and challenge discrimination. Our services are available via telephone, online and face-to-face channels.

Our services are delivered in accordance with the quality standards of Citizens Advice and the Advice Quality Standard. Quality of advice and organisation performance are monitored on an ongoing basis through the Citizens Advice Performance Quality Framework and we are audited annually. We are also regulated by the Financial Conduct Authority in relation to the debt advice we provide.

b. Public benefit

The trustees have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set.

c. Policies and objectives

Our objectives for 2023/24 fell into three main categories:

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Document ID: 1c9e2f0507828df7d9de38e7b60dd2a21ecb1ead4774bfe39b6fa937ad9951b9

LEEDS CITIZENS ADVICE BUREAU

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

Objectives and activities (continued)

We’re pleased to report we’ve made significant progress in all three areas.

1. Increase access to frontline advice services

2. Build capacity in specialist advice services

We didn’t want to increase access to frontline advice without being able to back that up with additional capacity to deal with the more complex problems that our clients face, especially in Benefits, Debt, Employment and Housing. Progress in this area included:

3. Strengthen our campaigning voice

Increased staff and volunteer resources for this area of work has enabled us to:

d. Grant making policies

During the year the charity has issued 1,619 grants to clients in the form of vouchers to pay for fuel or food. Vouchers can be issued to people who are on low incomes and without funds to pay for energy or food costs, and who are receiving advice from the charity. Most of these vouchers have been purchased from Household Support Funds allocated to the charity by Leeds City Council, with a small number purchased from other funds set aside for this purpose.

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Document ID: 1c9e2f0507828df7d9de38e7b60dd2a21ecb1ead4774bfe39b6fa937ad9951b9

LEEDS CITIZENS ADVICE BUREAU

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Achievements and performance

a. Main achievements of the charity

2023/24 has been another busy year in which Citizens Advice Leeds has substantially increased access to our services and the number of people we help, compared to the previous year. Alongside this we’ve been working on several projects focussed on reaching people at higher risk of disadvantage and deprivation, and developing specialist casework services to tackle legal problems in debt, benefits, housing and employment.

Support from Leeds City Council and the West Yorkshire Combined Authority has been crucial in enabling us to make progress on these projects. Additional funding from them meant that we were able to sustain service levels despite financial pressures, and to appoint additional advisers and caseworkers to respond to increased demand arising from the cost of living crisis. A detailed review of the Charity’s performance against our aims and objectives, and our financial position, are set out below.

As always, our staff and volunteers have risen to the challenges of increased demand and the increasingly intractable problems our clients face, to support people with expert advice, kindness and patience. Our clients frequently feedback their appreciation of that kindness and patience when they have so often met with indifference - or worse - when trying to resolve problems themselves. Once again our profound thanks go to everyone in the Citizens Advice Leeds team who do so much to combat poverty and inequality in Leeds.

b. Fundraising activities and income generation

Nearly all of the charity’s income comes from grants and contracts through which the charity is funded to deliver specified services. The Senior Management Team has responsibility for securing new and ongoing funding through competitive tendering or other application processes.

The organisation does not actively fundraise from the public, no commercial fundraisers or participators are engaged. Where donations are received this is on a voluntary basis from individuals and not actively sought.

Fundraising in the charity sector has been regulated by the fundraising Regulator since 2015 but the organisation is not specifically registered. The Trustee Board is not aware of any failure by the charity to comply with this regulation and no complaints have been received in relation to any form of fundraising.

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Document ID: 1c9e2f0507828df7d9de38e7b60dd2a21ecb1ead4774bfe39b6fa937ad9951b9

LEEDS CITIZENS ADVICE BUREAU

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

Financial review

a. Reserves policy

The purposes of Citizens Advice Leeds reserves are:

In order to establish what level of reserves this equates to, we have undertaken an analysis of our income and expenditure to determine the level of risk we need to manage. Given increased uncertainty about certain funding streams and the possibility of incurring premises costs in 2025, the Board decided to set a target range for reserves, rather than a single figure. The minimum amount of reserves is the equivalent of 3 months’ running costs (£620,000 excluding subcontracts) and the maximum is £720,000.

At the end of 2023/24 the charity's unrestricted reserves not held in tangible fixed assets were £624,634. Citizens Advice Leeds is in a sound position to deal with the continuing uncertainty around national funding streams and to sustain service capacity during this period of exceptional pressures on our service users.

b. Financial position

The charity's free reserves as at 1 April 2023 were £557,168.

The Statement of Financial Activities (Page 14) shows a net surplus for the year of £41,493 (2023: £21,986) after accounting for FRS 102 current year pension costs of £99,960 (2023: £82,266). The result excluding this amount is an operating surplus of £141,453 (before pension scheme costs) (2023: £104,252) of which £nil (2023: £nil) was on restricted funds and £141,453 (2023: £104,252) on unrestricted funds.

At the end of 2023/24 the charity's free reserves stood at £624,634. This represents 3.1 months’ running costs excluding sub-contracts.

The Trustees have approved a budget for 2024/25 which anticipates a deficit of £35,932 on a turnover of £2.89 million. This deficit is expected to arise as a result of the charity starting to undertake Legal Aid work in 2024. As Legal Aid fees are paid in arrears, the charity expects to meet some running costs from its own resources in the first year and has sufficient reserves to meet this obligation.

After completing appropriate enquiries, including a review of ongoing funding sources, current level of reserves and assessment of risks and uncertainties, the trustees have a reasonable expectation that the charity has sufficient resources to manage anticipated outgoings in the next year and therefore consider it appropriate to prepare the financial statements on the going concern basis.

The Statement of Cash Flows on page 16 shows that the charity had £1,058,920 in cash and cash equivalents at 31.3.2024, an increase of £323,769 on the previous year. That amount includes £265,000 income that is being deferred to 2024/25, including £50,000 for sub-contractors, and which is budgeted to be spent in that financial year.

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Document ID: 1c9e2f0507828df7d9de38e7b60dd2a21ecb1ead4774bfe39b6fa937ad9951b9

LEEDS CITIZENS ADVICE BUREAU

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

c. Investments policy and objectives

The investment policy of the organisation is to adopt a low risk strategy with liquid resources being invested in deposit accounts and this policy is reviewed annually.

d. Principal funding

Leeds City Council remains the principal funder of Citizens Advice Leeds, representing 63% of income in 2023/24. 28% of income derived from Citizens Advice to deliver the Money Advice Service Debt Advice Project, Help to Claim and Pension Wise services, and 9% of income came from other projects and donations.

We are very grateful to all those funders who have supported Citizens Advice Leeds' work in 2023/24:

We are also grateful to all those individuals and organisations who have made donations during the year and to local firms that have provided pro bono services or other support in kind.

Structure, governance and management

a. Constitution

Leeds Citizens Advice Bureau is registered as a Charitable Company limited by guarantee and was set up by a Trust Deed. The charity was registered on 16 June 1988, number 700314 and the company was incorporated on 1 March 1988, number 2228358. The Charity is constituted as a company limited by guarantee, and is therefore governed by Articles of Association, which were updated as of 27 November 2012.

The members of the charity are the current Trustees as named on page 1, and a further 2 members who were appointed by the Trustees in accordance with charity’s Articles of Association in November 2023. At 31 March 2024 the charity therefore had 12 members. The maximum liability of each member is limited to £1.

The Directors and Trustees who have held office during the year are set out on page 1. Trustees shall retire from office at the third Annual General Meeting following the Annual General Meeting at which they were elected, and are eligible for re-appointment.

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Document ID: 1c9e2f0507828df7d9de38e7b60dd2a21ecb1ead4774bfe39b6fa937ad9951b9

LEEDS CITIZENS ADVICE BUREAU

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

Structure, governance and management (continued)

b. Methods of appointment or election of Trustees

Procedures for electing/appointing Trustees are set out in the Articles of Association. The Charity wishes its Trustee Board to be representative of the local communities it serves, as well as containing the range of skills necessary to provide leadership and good governance. To that end the Charity advertises to fill any vacancies on the Board from time to time and Trustees are selected through an open recruitment process.

All trustees give their time voluntarily. Any expenses reclaimed by trustees from the charity are set out in note 11 to these accounts.

c. Organisational structure and decision-making policies

The Trustee Board is responsible for the strategic direction of the Charity and its policy, planning and finances. The Trustees carry ultimate responsibility for ensuring that the Charity meets its legal, regulatory and contractual obligations. The Trustee Board meets at least six times a year and delegates day-to-day running of the organisation to the Chief Executive and senior managers.

d. Policies adopted for the induction and training of Trustees

New Trustees are provided with an induction pack containing information about the Charity, the work it carries out and the national Citizens Advice network and induction meetings are held with the Chair of the Trustee Board and the Chief Executive.

Trustees are also invited to attend training and conferences run by Citizens Advice at regional and national levels.

e. Pay policy for key management personnel

Remuneration of key management personnel is reviewed annually by the Trustee Board.

f. Related party relationships

Citizens Advice Leeds is a member of Citizens Advice, the operating name of the National Association of Citizens Advice Bureaux. Citizens Advice Leeds has entered into a Membership Agreement with Citizens Advice, which requires it to meet certain standards in its service provision and organisational management. The Organisation pays fees to Citizens Advice, for which it receives a range of services, including information resources, electronic case recording facilities and management consultancy. All local Citizens Advice have voting rights at Citizens Advice Annual General Meeting.

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Document ID: 1c9e2f0507828df7d9de38e7b60dd2a21ecb1ead4774bfe39b6fa937ad9951b9

LEEDS CITIZENS ADVICE BUREAU

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

Structure, governance and management (continued)

g. Financial risk management

Citizens Advice Leeds holds a risk register and systems are put in place to mitigate those risks. The most significant risks identified are:

To manage and mitigate these risks:

Aims and objectives for 2024/25

Although inflation and fuel costs are easing at the time of writing, our clients are still struggling to meet persistently high fuel and food costs, with incomes nowhere near to keeping pace with inflation. Our aims in 2024/25 therefore continue to be focussed on maximising the help we’re able to offer local people and continuing to campaign for policy changes to help those on low incomes, including:

Specific objectives include:

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Document ID: 1c9e2f0507828df7d9de38e7b60dd2a21ecb1ead4774bfe39b6fa937ad9951b9

LEEDS CITIZENS ADVICE BUREAU

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the charity for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to auditor

Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that:

Auditor

BHP LLP were appointed as auditor during the year. The auditor, BHP LLP, has indicated his willingness to continue in office. The designated Trustees will propose a motion reappointing the auditor at a meeting of the Trustees.

Approved by order of the members of the board of Trustees and signed on their behalf by:

Signer ID: YYVDOV6X2Y... Laura Walker

Date: 28/07/2024 GMT

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Document ID: 1c9e2f0507828df7d9de38e7b60dd2a21ecb1ead4774bfe39b6fa937ad9951b9

(A company limited by guarantee)

LEEDS CITIZENS ADVICE BUREAU

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LEEDS CITIZENS ADVICE BUREAU

We have audited the financial statements of Leeds Citizens Advice Bureau (the ‘charitable company’) for the year ended 31 March 2024, which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance 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 concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements 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 charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the trustees' report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

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Document ID: 1c9e2f0507828df7d9de38e7b60dd2a21ecb1ead4774bfe39b6fa937ad9951b9

LEEDS CITIZENS ADVICE BUREAU

(A company limited by guarantee)

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LEEDS CITIZENS ADVICE BUREAU (CONTINUED)

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report included within the trustees' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

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Document ID: 1c9e2f0507828df7d9de38e7b60dd2a21ecb1ead4774bfe39b6fa937ad9951b9

LEEDS CITIZENS ADVICE BUREAU

(A company limited by guarantee)

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LEEDS CITIZENS ADVICE BUREAU (CONTINUED)

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We assessed the susceptibility of the charity’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by;

To address the risks of fraud through management bias and override controls we:

In response to the risk of irregularities and non compliance with laws and regulations, we designed procedures which included, but were not limited to:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to 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 from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the FRC's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

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Document ID: 1c9e2f0507828df7d9de38e7b60dd2a21ecb1ead4774bfe39b6fa937ad9951b9

LEEDS CITIZENS ADVICE BUREAU

(A company limited by guarantee)

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LEEDS CITIZENS ADVICE BUREAU (CONTINUED)

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Signer ID: CRZCVPKXXZ... Laura Masheder (Senior statutory auditor)

for and on behalf of

BHP LLP

Chartered Accountants Statutory Auditors Rievaulx House 1 St Mary's Court York YO24 1AH

Date: 02/08/2024 GMT

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Document ID: 1c9e2f0507828df7d9de38e7b60dd2a21ecb1ead4774bfe39b6fa937ad9951b9

LEEDS CITIZENS ADVICE BUREAU

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024

Note
Income from:
Donations and legacies
4
Charitable activities
5
Investments
Total income
Expenditure on:
Charitable activities
6
Total expenditure
Net income/(expenditure)
Transfers between funds
16
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward
16		 Unrestricted
funds
2024
£
211
1,684,279
14,921
1,699,411
1,657,800
1,657,800
41,611
(118)
41,493
697,005
41,493
738,498		 Restricted
funds
2024
£
-
1,293,762
-
1,293,762
1,293,880
1,293,880
(118)
118
-
-
-
-		 Total
funds
2024
£
211
2,978,041
14,921
2,993,173
2,951,680
2,951,680
41,493
-
41,493
697,005
41,493
738,498		 Total
funds
2023
£
372
2,517,367
2,772
2,520,511
2,498,525
2,498,525
21,986
-
21,986
675,019
21,986
697,005

The Statement of financial activities includes all gains and losses recognised in the year and also complies with the requirements for an income and expenditure account under the Companies Act 2006.

All income and expenditure derive from continuing activities.

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Document ID: 1c9e2f0507828df7d9de38e7b60dd2a21ecb1ead4774bfe39b6fa937ad9951b9

LEEDS CITIZENS ADVICE BUREAU

(A company limited by guarantee)

REGISTERED NUMBER: 02228358

BALANCE SHEET

AS AT 31 MARCH 2024

2024 2024 2023
Note £ £
Fixed assets
Intangible assets 12 - 3,240
Tangible assets 13 113,864 136,597
113,864 139,837
Current assets
Debtors 14 93,945 26,439
Cash at bank and in hand 1,058,920 735,151
1,152,865 761,590
Creditors: amounts falling due within one year 15 (528,231) (204,422)
Net current assets 624,634 557,168
Total net assets 738,498 697,005
Charity funds
Restricted funds 16 - -
Unrestricted funds 16 738,498 697,005
Total funds 738,498 697,005

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

Signer ID: YYVDOV6X2Y...

Laura Walker

Trustee and Treasurer Date: 28/07/2024 GMT

The notes on pages 17 to 36 form part of these financial statements.

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Document ID: 1c9e2f0507828df7d9de38e7b60dd2a21ecb1ead4774bfe39b6fa937ad9951b9

LEEDS CITIZENS ADVICE BUREAU

(A company limited by guarantee)

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2024

Note
Cash flows from operating activities
Net cash used in operating activities
19
Cash flows from investing activities
Investment income received
Net cash provided by investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
20		 2024
£
308,848
14,921
14,921
323,769
735,151
1,058,920		 2023
£
(5,735)
2,772
2,772
(2,963)
738,114
735,151

Included within cash and cash equivalents ad the end of the year is cash relating to deferred income at year end of £315,125 (2023: £41,153). This cash is due to be spent in the year ending 31 March 2025.

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Document ID: 1c9e2f0507828df7d9de38e7b60dd2a21ecb1ead4774bfe39b6fa937ad9951b9

(A company limited by guarantee)

LEEDS CITIZENS ADVICE BUREAU

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

1. General information

Charity information Leeds Citizens Advice Bureau is a private company limited by guarantee incorporated in England and Wales and is a charity registered in England and Wales. The registered office is Oxford House, Oxford Row, Leeds, LS1 3BE.

Each member of the company has undertaken to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Leeds Citizens Advice Bureau meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £1.

2.2 Going concern

After completing a review of ongoing funding sources, current level of reserves and assessment of risks and uncertainties, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

Page 17

Document ID: 1c9e2f0507828df7d9de38e7b60dd2a21ecb1ead4774bfe39b6fa937ad9951b9

(A company limited by guarantee)

LEEDS CITIZENS ADVICE BUREAU

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

2. Accounting policies (continued)

2.3 Income

Income is recognised in the Statement of Financial Activity ("SoFA") when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Income from charitable activities includes income recognised as earned (as the related service is provided) under contract. Where income is received in advance of a specified service, it is deferred until the charity is entitled to that income.

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.5 Intangible assets and amortisation

Intangible assets costing £5,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Amortisation is provided on intangible assets at rates calculated to write off the cost of each asset on a straight-line basis over its expected useful life.

Page 18

Document ID: 1c9e2f0507828df7d9de38e7b60dd2a21ecb1ead4774bfe39b6fa937ad9951b9

LEEDS CITIZENS ADVICE BUREAU

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

2. Accounting policies (continued)

2.5 Intangible assets and amortisation (continued)

Amortisation is provided on the following basis:

Computer software - 20 % Straight line

2.6 Tangible fixed assets and depreciation

Tangible fixed assets costing £5,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following bases:

Straight line over life of the lease 20% straight line

2.7 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.8 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.9 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

Page 19

Document ID: 1c9e2f0507828df7d9de38e7b60dd2a21ecb1ead4774bfe39b6fa937ad9951b9

LEEDS CITIZENS ADVICE BUREAU

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

2. Accounting policies (continued)

2.10 Taxation

Leeds Citizens Advice Bureau is a registered charity and as such is a charity within the meaning of schedule 6 of the Finance Act 2010. Accordingly, it is potentially entitled to tax exemption under part 11 of the Corporation Tax Act 2010 or section 256 of the Taxation of Chargeable Gains Act 1992 in respect of income and gains arising.

2.11 Employee Benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2.12 Leases

Rentals payable under operating leases, including any lease incentives received, are charged as an expense on a straight line basis over the term of the relevant lease.

2.13 Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.14 Pensions

The charity contributes to a defined contribution pension scheme for the benefit of its employees. Contributions are charged to the statement of financial activities as they are incurred.

2.15 Grants payable

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

Page 20

Document ID: 1c9e2f0507828df7d9de38e7b60dd2a21ecb1ead4774bfe39b6fa937ad9951b9

LEEDS CITIZENS ADVICE BUREAU

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

2. Accounting policies (continued)

2.16 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

3. Critical accounting estimates and areas of judgment

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

Critical accounting estimates and assumptions:

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The trustees have judged that there are no critical accounting estimates or assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities.

4. Income from donations and legacies

Donations
Total 2023		 Unrestricted
funds
2024
£
211
372		 Total
funds
2024
£
211
372		 Total
funds
2023
£
372

Page 21

Document ID: 1c9e2f0507828df7d9de38e7b60dd2a21ecb1ead4774bfe39b6fa937ad9951b9

LEEDS CITIZENS ADVICE BUREAU

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

5. Income from charitable activities

Leeds Advice Service contract
Leeds Advice Service contract - sub contracted
services
Money and Pensions Service - Debt Advice Project
Citizens Advice Remote Advice Project (Pot 1 and
2)
West Yorkshire Combined Authority
Help to Claim
NHS West Yorkshire Integrated Care Board
PensionWise
Northern Powergrid and Regional Project
Yorkshire Building Society referral service
Household Support Fund
Other income
Total 2023		 Unrestricted
funds
2024
£
1,095,223
465,852
-
-
-
-
90,000
-
-
-
-
33,204
1,684,279
1,659,524		 Restricted
funds
2024
£
-
-
194,313
46,125
135,000
454,185
-
-
338,745
19,688
105,706
-
1,293,762
857,843		 Total
funds
2024
£
1,095,223
465,852
194,313
46,125
135,000
454,185
90,000
-
338,745
19,688
105,706
33,204
2,978,041
2,517,367		 Total
funds
2023
£
1,035,973
450,102
165,794
-
-
453,354
90,000
45,032
175,663
18,000
-
83,449
2,517,367

6. Analysis of expenditure on charitable activities

Summary by fund type

Charitable activities
Total 2023		 Unrestricted
funds
2024
£
1,657,800
1,639,786		 Restricted
funds
2024
£
1,293,880
858,739		 Total
2024
£
2,951,680
2,498,525		 Total
2023
£
2,498,525

Page 22

Document ID: 1c9e2f0507828df7d9de38e7b60dd2a21ecb1ead4774bfe39b6fa937ad9951b9

LEEDS CITIZENS ADVICE BUREAU

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

7. Analysis of expenditure by activities

Charitable activities
Total 2023		 Activities
undertaken
directly
2024
£
2,820,440
2,396,337		 Grant funding
of activities
2024
£
90,891
70,385		 Support costs
2024
£
40,349
31,803		 Total
funds
2024
£
2,951,680
2,498,525		 Total
funds
2023
£
2,498,525

Analysis of direct costs

Staff costs
Depreciation and impairment
Insurance
Telephone
Office expenses, stationary and postage
Premises
Repairs and maintenance
Equipment
Training and conferences
Interpreting costs
Information, referencing and subscriptions
Travel and care expenses
Professional fees
Employer related costs and recruitment
Subcontracted advice work
Bank charges
Rent paid		 Total
funds
2024
£
1,912,616
25,973
6,922
15,601
14,264
115,594
13,999
40,823
8,669
19,455
15,000
13,065
698
24,378
515,852
1,030
76,501
2,820,440		 Total
funds
2023
£
1,605,835
20,900
6,597
17,928
10,426
86,082
14,726
18,263
11,839
22,248
20,867
7,408
3,123
22,598
450,102
894
76,501
2,396,337

Page 23

Document ID: 1c9e2f0507828df7d9de38e7b60dd2a21ecb1ead4774bfe39b6fa937ad9951b9

LEEDS CITIZENS ADVICE BUREAU

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

7. Analysis of expenditure by activities (continued)

Analysis of support costs

Staff costs
Governance costs - Professional Fees
Governance costs - Other
Total 2023		 Activities
2024
£
21,708
14,400
4,241
40,349
31,803		 Total
funds
2024
£
21,708
14,400
4,241
40,349
31,803		 Total
funds
2023
£
20,685
10,320
798
31,803

8. Analysis of grants

Grants paid
Total 2023		 Grants to
Individuals
2024
£
90,891
70,385		 Total
funds
2024
£
90,891
70,385		 Total
funds
2023
£
70,385

During the year 1,619 grants were paid to individuals.

Page 24

Document ID: 1c9e2f0507828df7d9de38e7b60dd2a21ecb1ead4774bfe39b6fa937ad9951b9

LEEDS CITIZENS ADVICE BUREAU

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

9. Auditor's remuneration

2024 2023
£ £
Fees payable to the charity's auditor for the audit of the charity's annual accounts 9,800 -
Fees payable to the charity's previous auditor for the audit of the charity's annual
accounts - 6,500
Fees payable to the charity's auditor in respect of:
All non-audit services not included above 2,200 -
Fees payable to the charity's previous auditor for all non-audit services - 2,100

10. Staff costs

Employment costs
Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2024
£
1,680,176
154,188
99,960
1,934,324		 2023
£
1,419,657
124,597
82,266
1,626,520

The average number of persons employed by the charity during the year was as follows:

Number of employees
The average monthly number of employees during the year was :
The average headcount expressed as full-time equivalents was:		 2024
No.
63
2024
No.
53		 2023
No.
68
2023
No.
49

Page 25

Document ID: 1c9e2f0507828df7d9de38e7b60dd2a21ecb1ead4774bfe39b6fa937ad9951b9

LEEDS CITIZENS ADVICE BUREAU

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

10. Staff costs (continued)

No employee received remuneration amounting to more than £60,000 in either year.

The key management personnel of the charity have been identified as the Chief Executive, Advice Services Director, Specialist Services Director and Finance Manager. The aggregate employment benefits, including employer's national insurance and pension contributions, for the key management personnel for the year was £209,708 (2023: £162,777). The remuneration of these key management personnel is set and reviewed annually by the Trustee Board.

Page 26

Document ID: 1c9e2f0507828df7d9de38e7b60dd2a21ecb1ead4774bfe39b6fa937ad9951b9

LEEDS CITIZENS ADVICE BUREAU

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

11.
Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).
During the year ended 31 March 2024, no Trustee expenses have been incurred (2023 - £NIL).
12.
Intangible assets
Cost
At 1 April 2023
At 31 March 2024
Amortisation
At 1 April 2023
Charge for the year
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023		 Computer
software
£
6,480
6,480
3,240
3,240
6,480
-
3,240

Page 27

Document ID: 1c9e2f0507828df7d9de38e7b60dd2a21ecb1ead4774bfe39b6fa937ad9951b9

LEEDS CITIZENS ADVICE BUREAU

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

13. Tangible fixed assets

Cost or valuation
At 1 April 2023
At 31 March 2024
Depreciation
At 1 April 2023
Charge for the year
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023
14.
Debtors
Trade debtors
Other debtors
Prepayments and accrued income		 Leasehold
improvements
£
175,176
175,176
43,795
17,517
61,312
113,864
131,381		 Computer
equipment
£
10,431
10,431
5,215
5,216
10,431
-
5,216
2024
£
55,957
3,832
34,156
93,945		 Total
£
185,607
185,607
49,010
22,733
71,743
113,864
136,597
2023
£
-
-
26,439
26,439

Page 28

Document ID: 1c9e2f0507828df7d9de38e7b60dd2a21ecb1ead4774bfe39b6fa937ad9951b9

LEEDS CITIZENS ADVICE BUREAU

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

15. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
Deferred Income
Brought forward
Released in the year
Deferred in the year
Carried forward		 2024
£
11,683
36,311
20,006
460,231
528,231
2024
£
41,153
(41,153)
315,125
315,125		 2023
£
4,779
29,175
2,473
167,995
204,422
2023
£
55,416
(55,416)
41,153
41,153

The deferred income is contract income relating to a future accounting period.

Page 29

Document ID: 1c9e2f0507828df7d9de38e7b60dd2a21ecb1ead4774bfe39b6fa937ad9951b9

LEEDS CITIZENS ADVICE BUREAU

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

16. Statement of funds

Statement of funds - current year

Unrestricted funds
General funds
Restricted funds
Money and Pensions Service Debt
Advice Project
Northern Powergrid
Help to Claim
Yorkshire Building Society
Citizens Advice Remote Advice
Project (Pot 1)
Citizens Advice Remote Advice
Project (Pot 2)
Household Support Fund
West Yorkshire Combined
Authority
Northern Powergrid Regional
Project
Total of funds		 Balance at 1
April 2023
£
697,005
-
-
-
-
-
-
-
-
-
-
697,005		 Income
£
1,699,411
194,313
309,745
454,185
19,688
15,000
31,125
105,706
135,000
29,000
1,293,762
2,993,173		 Expenditure
£
(1,657,800)
(194,409)
(309,665)
(454,220)
(19,786)
(15,120)
(31,111)
(105,716)
(134,853)
(29,000)
(1,293,880)
(2,951,680)		 Transfers
in/out
£
(118)
96
(80)
35
98
120
(14)
10
(147)
-
118
-		 Balance at 31
March 2024
£
738,498
-
-
-
-
-
-
-
-
-
-
738,498

Page 30

Document ID: 1c9e2f0507828df7d9de38e7b60dd2a21ecb1ead4774bfe39b6fa937ad9951b9

LEEDS CITIZENS ADVICE BUREAU

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

16. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
General funds
Restricted funds
Money and Pensions Service Debt
Advice Project
Northern Powergrid
Pensionwise
Help to Claim
Yorkshire Building Society
Total of funds		 Balance at
1 April 2022
£
675,019
-
-
-
-
-
-
675,019		 Income
£
1,662,668
165,794
175,663
45,032
453,354
18,000
857,843
2,520,511		 Expenditure
£
(1,639,786)
(165,710)
(175,663)
(45,673)
(453,653)
(18,040)
(858,739)
(2,498,525)		 Transfers
in/out
£
(896)
(84)
-
641
299
40
896
-		 Balance at
31 March
2023
£
697,005
-
-
-
-
-
-
697,005

Page 31

Document ID: 1c9e2f0507828df7d9de38e7b60dd2a21ecb1ead4774bfe39b6fa937ad9951b9

(A company limited by guarantee)

LEEDS CITIZENS ADVICE BUREAU

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

16. Statement of funds (continued)

Money and Pensions Service Debt Advice Project

Funding from the Money Advice Service to deliver debt advice. This is a restricted fund and the monies paid cover the project costs.

Northern Powergrid

This is a restricted grant from Northern Powergrid to combat fuel poverty through advice in the Yorkshire region.

PensionWise

A restricted grant from The Department of Work and Pensions to deliver pensions guidance to residents of Leeds and Bradford.

Help to Claim

A restricted grant to help with early stages of universal credit claim.

Yorkshire Building Society

A project to provide qualified generalist advice at two specified offices of the Yorkshire Building Society to support the Yorkshire Building Society's customers who have been identified as having additional support needs.

Citizens Advice Remote Advice Project (Pot 1)

Funding to increase capacity in telephone and online services from April to December 2023.

Citizens Advice Remote Advice Project (Pot 2)

Funding to increase capacity in telephone and online services from July 2023 to July 2024.

Household Support Fund

Funds energy and food vouchers for households in need (national government funding via Leeds City Council).

West Yorkshire Combined Authority

Funding to support and develop advice services in response to the cost of living crisis (from WYCA via Leeds City Council).

Northern Powergrid Regional Project

Funding for project management of fuel poverty advice services across the NPG region.

Transfers from restricted funds to unrestricted funds represent the unspent portion of funding for completed projects which is not required to be returned to funders.

Page 32

Document ID: 1c9e2f0507828df7d9de38e7b60dd2a21ecb1ead4774bfe39b6fa937ad9951b9

LEEDS CITIZENS ADVICE BUREAU

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

17. Summary of funds

Summary of funds - current year

General funds
Restricted funds
Summary of funds - prior year
General funds
Restricted funds		 Balance at 1
April 2023
£
697,005
-
697,005
Balance at
1 April 2022
£
675,019
-
675,019		 Income
£
1,699,411
1,293,762
2,993,173
Income
£
1,662,668
857,843
2,520,511		 Expenditure
£
(1,657,800)
(1,293,880)
(2,951,680)
Expenditure
£
(1,639,786)
(858,739)
(2,498,525)		 Transfers
in/out
£
(118)
118
-
Transfers
in/out
£
(896)
896
-		 Balance at 31
March 2024
£
738,498
-
738,498
Balance at
31 March
2023
£
697,005
-
697,005

18. Analysis of net assets between funds

Analysis of net assets between funds - current period

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2024
£
113,864
1,152,865
(528,231)
738,498		 Total
funds
2024
£
113,864
1,152,865
(528,231)
738,498

Page 33

Document ID: 1c9e2f0507828df7d9de38e7b60dd2a21ecb1ead4774bfe39b6fa937ad9951b9

LEEDS CITIZENS ADVICE BUREAU

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

18. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior period

Tangible fixed assets
Intangible fixed assets
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2023
£
136,597
3,240
761,590
(204,422)
697,005		 Total
funds
2023
£
136,597
3,240
761,590
(204,422)
697,005

19. Reconciliation of net movement in funds to net cash flow from operating activities

Net income for the period (as per Statement of Financial Activities)
Adjustments for:
Depreciation charges
Amortisation charges
Investment income
(increase)/decrease in debtors
Increase/(decrease) in creditors
Increase(decrease) in deferred income
Net cash provided by/(used in) operating activities		 2024
£
41,493
22,733
3,240
(14,921)
(67,506)
49,837
273,972
308,848		 2023
£
21,986
19,604
1,296
(2,772)
26,308
(57,894)
(14,263)
(5,735)

Page 34

Document ID: 1c9e2f0507828df7d9de38e7b60dd2a21ecb1ead4774bfe39b6fa937ad9951b9

LEEDS CITIZENS ADVICE BUREAU

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

20. Analysis of cash and cash equivalents

Cash in hand
Total cash and cash equivalents		 2024
£
1,058,920
1,058,920		 2023
£
735,151
735,151

21. Analysis of changes in net debt

Cash at bank and in hand At 1 April
2023
£
735,151
735,151		 Cash flows
£
323,769
323,769		 At 31 March
2024
£
1,058,920
1,058,920

The charity had no net debt in the current or previous year.

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(A company limited by guarantee)

LEEDS CITIZENS ADVICE BUREAU

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

22. Pension commitments

The Charity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund of £99,960 for the year (2023: £82,266). As at 31 March 2024 a creditor of £16,406 (2023: £11,663) was due in respect of contributions to the scheme.

23. Operating lease commitments

At 31 March 2024 the charity had commitments to make future minimum lease payments under non-cancellable operating leases as follows:

Not later than 1 year
Later than 1 year and not later than 5 years
Later than 5 years		 2024
£
95,948
374,405
85,456
555,809		 As restated
2023
£
95,948
378,354
177,718
652,020

24. Related party transactions

There were no disclosable related party transactions during either this or the previous year.

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