Registration number N1033560 COMMUNITY ADVICE ARDS AND NORTH DOWN LTD Company limited by guarantee Annual, report and financial statements for the year ended 31 March 2023
COMMUNITY ADVICE ARDS AND NORTH DOWN LTD Reference and Adrninistrative Details Trustees John Corey, Chairperson Leanne Brown Colin Foote Valerie Goodchild Robin M¢Clelland, Vice-chairperson Anne McKenni Treasurer Aaron Mulholland Vivienne Beck Gavin North Louise Togneri Peter Gatnble Susan McKee Secretary Leanne Brown Company number N1033560 Charity number 101425 Registered ofFice Hamilton Road Community Hub 39A Hamilton Road Bangor Co Down BT20 4LF Auditors Mccreery Turkington Stockman LTD l Lanyon Quay Belfast BTI 3LG Bankers Danske Bank 77 Main Street Bangor BT20 SAF Solicitors Mccoubrey Hinds 61 Main Street Bangor Co Down BT20 SAF
COMMUNITY ADVICE ARDS AND NORTH DOWN LTD Contents Page Trustees report Auditors, report Statement of Financial Activities Balance shcet 10 Cash flow statement 11 Notes to the financial statements 12-19
COMMUNITY ADVICE ARDS AND NORTH DOWN LTD Trustees, Report for the year ended 31 March 2023 The Trustees present their report with the audited financial statements for the year ended 31 March 2023. The accounts have been prepared in accordance with the accounting policies set out in note I to the accounts and comply with the charity's Memorandum and Arttcles of Association, the Conipanies Act 2006 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charitics preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019 Management Structure Community Advice Ards and North Down is an independent local charity. rLU] by local people for the benefit of local people. CAAND was formerly Citizens Advice Ards and North Down and part of thc UK wide Citizens Advice service. The Citizens Advicc brand was withdrawn fi.om Northern Ireland in 2018 requiTkng implementation of the name change to Community Advice Ards and North Down (CAAND) with effect from January 2019. CAAND is a member of AdviceNI the independent advice network. CAAND subscribes fully to AdviceNI membership criteria which include the requir¢m¢nts to be independent of central or local government control, non-profit making, providing advice fre¢ and accountable to the community. CAAND is govemed by its board of trustees. which is drawn from the local community. The members ar¢ charity trustees and company dircctors who are collectively responsible for thc governancc, including setting an overall vlsion and making strategic decisions. The board ensures there is effective planning, financial management and contrnl plus compliance with charity lawlcompany law and other relevant legislation. In practice, day-to-day management is delegated to managers who arc also responsible for quality and service delivery. The board holds staff accountable while carrying ultimate responsibility for the activities of the organisation. Trustee Board Trust¢¢s are elected at the Annual General MeetÉng. Officers are elected by the trustees at thc first meeting after the AGM. The board nornially mcets monthly throughout each year. The board may delegate any of their powers and duties to a sub-committe¢ comprising at Icast three Board m¢mbers' there are three sub-committees within the board dealing with Finance, Planning and Staffing matters. The chair of th¢ board is ex officio on all committces and the managers act as facilitators. CAAND aims to ensure the members of the trust¢¢ board reflect the local community and trustees are provided with appropriate training as required Risk Assessment CAAND undertakes timely risk assessments and the results are used to inforn] financial and business planning for contingency Page I
COMMUNITY ADVICE ARDS AND NORTH DOWN LTD Trustees, Report for the year ended 31 March 2023 Purpose and Aims l. To ensure that individuals do not suffer through.. lack of l(nowledge of their rights and responsibilitics" lack of knowledge of service available to them" an inability to express their needs effectively. 2. To exercise a responsible influence on the development of social policies and services both locally and nationally. CAAND aims to achieve its pUose by: providing free, confidential, independent advice and assistance for the people in the community, regardless of religion, race, sex, disability or sexuality. contributing to the development of social policy from the expericncc of WOTking with clients- managing operations within available funding and in compliaThc¢ with regulatory, statutory and AdviceNI membcrship requirements . developing its staff and syst¢ms to respond to business needs, arranging appropriate training for volunteers, staff and trustees so as to ensure the delivery of quality services to clients- making pcople aware of thc work of CANND. working effectively with its maill funder, Ards and North Down Borough Council, to maintain the effkciency, effectivencss and economy of its service delivery. networking within AdviceNI and similar organisations in Northern Ireland. Services provided CAAND'S Core contract is with Ards and North Down Borough Council and provides a general advice service through an appointment and drop-in service, plus tel¢phon¢ advice from offices in Bangor, Newtownards and Holywood. Weekly advice sessions are also available at outreach facilities to give citizens throughout the Borough Cowicil's geographÉc area acccss to CAAND'S services. Other services available inckude Speciakist Debt Advice (funded by Ards & North Down Borough Council COTe funding) and Tribunal representation (social security). Additional Advice Projects CAAND provides additional advicc serviccs under a number of other funded pi"ojects including Welfare Refonn, Debt Action and MacmiElan Cancer Care advice services based in the Ulster Hospitsl, Dundonald. In the 2022123 year across alk projects CAAND piovided advice, help and support to 10002 people, dealing with 28,384 issues. The total income generated for our clients was £3.587,048. Page 2
COMMUNITY ADVICE ARDS AND NORTH DOWN LTD Trustees, Report for the year ended 31 March 2023 Public Benefit Statement The trustees confirn] that they have complted with their duty as prescribed by section 4 of the Charities Act (Northern-lreland) 2008 to have due regard to the Charity Commission for Northern Ireland public benefit guidance. CAAND records client statistics relating to disability and ethnicity in order to assist identification of under use by client groups. Posters stating the scrvice's commitment to equality, diversity and non-discrimination are displayed in public areas in the CAAND offices. Promotional material is prepared and distributed as widely as possible. CAAND has on display as many leaflets in many languages relating to benefits, services and employment. CAAND has an up to date child protection policy. Copies of CAAND'S Strategic Plan and Annual Operational Plan were available on request. Social Policy Throughout the 2022123 year, actions continued to achieve CAAND'S second pUoSe of exerciskng a responsible influence on the devclopment of social policies and services to improve the lives of people Rn the community. Drawing on the evidence of advisers, work in providing advice and helping people. CAAND prepared quarterly Social Policy reports to assist in raising awaTeness of evidence of shortcomings in laws, policics and public services. Thesc reports w¢r¢ shared with MPS, MLAS and Councillors and provided to the regional organisation AdviceNI to support Eobbying on social policy issu¢s. Financial Review CAAND'S funding contract with the Ards and North Down Borough Council provided corc funding for the three-year period from l April 2021 plus options for the annual renewal of the contract to March 2026. As well as this core funding, otlier sources of income foi the 2022123 year included.._ Funding from MacmiElan Care for the advice project based in the Ulstcr Hospktal Funding from the Department of Communities for employment of advisers to meet advice dcmands and assist with appeals arising from Welfare Refonn Funding provided via AdviceNI for the Debt Action project The combination of the above funding has enabled CAAND to finish the 2022123 year with a reduction of funds amounting to £130,634. Reserves Policy The trustees reviewed and reaffimied the policy to achieve SerVeS in unrestricted funds equivalcnt to up to six months of CAAND'S annual operating expenditure. Going Concern The trustees hav¢ a reasonable expectation that the organisatÈon has adequate resources to continue in operational existence for the foreseeable future. In arriving at this conclusion, the year to date budgets for 2023124 and current cash position were reviewed. For this reason they continue to adopt the going conc¢rn basis in preparing the financial statements Page 3
COMMUNITY ADVICE ARDS AND NORTH DOWN LTD Trustees, Report for the year ended 31 March 2023 Statement of Trustees, Responsibilities The trustees (who are also directors for the pu4)oses of company law) are responsible for preparing the Trustees, Annual 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 year. Under company law the trustees must not approve the financiak statements unless they are satisficd that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and applicatkon of resources, including the income and expenditure, of the charilable company for that period. In Preping these financial statements, the trustees are required to.. select suitable accounting policies and then apply thcm consistently- observe the n]ethods and principles Én the Charities SORP; make judgments and estimatcs that are reasonable and prudent; statc whether applicable UK Accounting Standards havc been followed, subject to any material departures disclosed and explained in the financial statements- prepare the fiuancial statements on thc going concern basks unless it is inappropriate to presume that the company will continue in opeiation. The trustees are responsible for kecping adequate accounting records that disclose with reasonable accuTacy at any Éimc the financial position of the charitable company and cnable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the haritable company and hence for taking reasonabl¢ steps for the prevention and detection of fraud and other irregularities. Auditors The auditors are deemed to be reappointed in accordance with Section 487(2) of the Companies Act 2006. In so far as the trustees are aware. there is no relevant audit inforn]ation of which the charitable company's auditor is unawaie" and th¢ trustees have taken all steps that they ought to have taken to make themselves aware of any ielevant audit inforn]ation and to establish tbat the auditor is aware of that information. This report was approved by the Board on I st December 2023 and signed on its behalf by John Corey Trustee Page 4
COMMUNITY ADVICE ARDS AND NORTH DOWN LTD Independent auditors, report to the members of COMMUNITY ADVICE ARDS AND NORTH DOWN LTD Opinion We have audited thc financial statements of COMMUNITY ADVICE ARDS AND NORTH DOWN LTD for the year ended 31 March 2023 which comprise the Statement of Financial Activities , the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including significant accounting policies.The financial reporting framework that has been applied in their preparation És 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: give a true and fair view of the state of the charitable company's affairs as at 31 March 2023 and of its incoming resources and application of resources, for the Year then ended. have been properly pi"epared in accordance with United Kingdom Generally Accepted Accounting Practice. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applÉcable law. Our rcsponsibilities under those standards are further describcd in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant lo our audit of th¢ financRal statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance wlth these requiremcnts. 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 concludcd that the trustees, usc of the going concern basis of accounting Tn the preparation of th¢ financial statements is appropriate. Based on the work we have performcd, we have not identified any material uncertainties relating to events or conditions that. individually or collectively, may cast significant doubt on th¢ charitable company's ability to continue as a going concern for a period of at least twelve months from when the financiak statements are authorÈs¢d for issue. However, as we cannot predict all future ev¢nts or conditions and as subsequent events may result in outcomcs that are inconsistent with judgements that were reasonable at the tim¢ they were made, the absence of reference to a material uncertainty in this auditoi's rcport is not a guarantee that the Company will continue in operation. Our responsibilities and thc responsibilities of the trustees with respect to going concem arc described in the relevant sections of this report. Other information The other infonnation comprises the infonnation included in the annual report, other than the accounts and our auditors report thereon. The trustees are r¢sponsibl¢ for the other inforn]ation. Our opinion on the accounts does not cover the other information and we do not express any forn] of assurance conclusion thereon. In connection with our audit of the accounts, our responsibility is to read the other inforn]ation and, in doing so, consid¢r whether the other infomiation is materially inconsistent with the accounts or our knowledge obtained in the audit or othenvise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the accounts or a matcrÈal misstatement of the other inforniation. If, based on the work we have perfomied, we conclude that there is a material misststement of this other inforniation, we are required to report that fact. We have nothing to report in this regard. Page 5
COMMUNITY ADVICE ARDS AND NORTH DOWN LTD Independent auditors, report to the members of COMMUNITY ADVICE ARDS AND NORTH DOWN LTD continued Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken An the course of our audit.. the infom]ation given in the trustees, Repoit, which includes the directors, report prepared for th¢ putposcs of company law, for the financial year for which the financial statements arc prepared is consistent with the financial statements- and the directors, report included within the trustees, report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception 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". the inforn]ation given in the financial statements is inconsistent in any material respect with the trustccs, report" or sufficient accounting records have not been kept- or the financial statements are not in agreement with the accounting records- or we have not received all the infonnation and explanations wc requir¢ for our audit. Responsibilities of trustees As explained more fully in the Statement of trustces, Responsibilities, the trustees, who are also the Directors of thc cha¥ity for the purpose of company law, arc responsible for the preparation of the accounts and for being satisfi¢d that they give a true and fair view, and for such internal control as the committee d¢t¢rniine is necessary to enable the preparation of accounts that are fr¢¢ from material misstatement, whether due to fraud or error. In pi"eparing the accounts, the trust¢¢s are responsible for assessing the charity's ability to continue as a going concem, disclosing, as applicable, matters rclated to going concern and using the going concern basis of accounting unless the truslees either intend to liquidate the charity or to c¢asc operations, or have no realistic alternative but to do so. Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statcments 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 dctect 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. Page 6
COMMUNITY ADVICE ARDS AND NORTH DOWN LTD Extent to which the audit was capable of detecting irregularities, including fraud Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedurcs in line wftth our responsibilities, outlined above, to dctect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting i¢gUlarIties. including fraud is detailed below: We identified the areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements and risks of material misstatement due to fraud, using our understanding of the entity's industy, regulatory environment and other extemal factors and inquiry with the Tiijstees. In addition, our risk assessment procedures included.. inquiring wtth the Trustees as to the charities policies and procedures regarding compliance with laws and regulations and prevention and detection of fraud; inquiring whether the Trustees have knowledge of any actual or suspected non-compliance with laws or regulations or alleged fraud. inspccting the charities Tegulatory and legal correspondcnce. and adIllg Board minutes. We discussed identified laws and regulations, fraud risk factors and the need to remain alert among the audit team. The chlty is subject to laws and regulations that directly affect the financial statements charity and financial reporting l¢gislation. We assessed the cxtent of complian¢¢ with these laws and Tegulations as part of our procedures on the related financial statement items, including assessing the financial statement disclosures and agreeing them to supporting documentation when necessary. The charity is subject to many othcr laws and regulations where the consequenc¢s of non-compliancc could have a materAal effect on amounts OT disclosures in the financial statements, for instance through thc imposition of fines or litigation. We identified the following areas as those most likely to have such an effect= health and safety, anti-bribery. employment law, enviTonmentaE Eaw. Auditing standards limit the required audit procedures to identify non-compliancc with th¢sc non-direct laws and regulations to inquiry of the Trustees and inspection of regulalory and legal COeSpondenCe, if any. These limited procedures did not idcntify actual or suspected non- compliance. We assessed events or conditions that could indicate an incentive or prcssure to cornmit fraud or provide an opportunity to commit fraud. As required by auditing standards. we pcrfomled procedures to address th¢ risk of management ov¢rride of controls. On this audit we do not believe there is a fraud risk related to revenue recognition. We did not identify any additional fraud risks. In response to risk of fraud, we also performed procedures including= identifying journal entries to test based on risk criteria and comparing the identified entries to supporting dumentatIon. evaluating the business purpose of significant unusual transactions. assessing significant accounting estimates for bias- and assessing the disclosures in the financial statements. Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the fmancial statements, even though we have properly planned and perfonned our audit in accordance with auditing standards. For example, the further removed non- compliance with laws and regulations (irregularities) is from the events and transactions reflected in the fEnancial statements, th¢ less likely the inherently limited procedures required by auditing standards would identify it. Page 7
COMMUNITY ADVICE ARDS AND NORTH DOWN LTD In addition, as with any audit, there remains a hkglier risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the oveLTide of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non- compliance with all laws and regulations. A rther description of our responsibilities for the audit of the accounts is located on the Financial Reporting Council's website at.. http://www.frc.org.uk/auditors responsibilities. This description fonns part of our auditor's report. The purpose of our audlt work and to whom we owe our responsibilities This report is madc 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 tbose matters we are required to state to tem in an auditors, 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 forn]ed. Richard Mcclay FCA (Senior Statutory Auditor) For and on behalf of Mccreery Turkington Stockman LTD l Lanyon Quay BELFAST BTI 3LG Chartered Accountants 1st December Page 8
COMMUNITY ADVICE ARDS AND NORTH DOWN LTD Statement of Financial Activities (Jncluding Summary Income and Expenditure Aceount) for the year ended 31 March 2023 Unrestricted Restricted Funds Funds Total Tot21 2023 2023 2023 2022 Income from: Charitable activities Donations and legacies Investment Income Notes 333,322 385 580 195,956 529,278 385 580 656,777 60 152 Totsl incoming resollrces 334,287 195,956 530,243 656,989 Expenditure on: Charitable activilies (422.684) (238,193)(660,877) (610,901) Total resources expended (422,684) (238,193)(660,877) (610,901) Net income before transfers (88,397) (42,237)(130,634) 46,088 Net incoming resources (88,397) (42,237)(130.634) 46,088 Fund balances brought forward 368,586 57,262 425,848 379,760 Fund balances carried forward 280,189 15,025 295.214 425,848 All of the above results are deiived from continuing gains and losses recognised in the year are included above. The notes on pages 12 to 19 form an integral part of these financial statements. Page 9
COMMUNITY ADVICE ARDS AND NORTH DOWN LTD Balance sheet as at 31 March 2023 2023 2022 Notes Fixed assets Tangible assets 15,704 22,956 Current assets Debtors Cash at bank and in hand 122,45 R 167,327 158,440 249,052 289,778 407,492 Creditors: amounts falling due within one year 10 (10,268) (4,600) Net current assets 279,510 402.892 Net assets 295,214 425,848 Capital and reserves Restricted funds Unrestricted funds 11 li 15,025 280,189 57,262 368,586 Total funds 295,214 425,848 The fKnancÈal statcments were approved by the Directors on l December 2023 and signed and approved for issue on its behalf by John Corey Trustee The notes on pages 12 to 19 form an integral part of these financial statements. Page 10
COMMUNITY ADVICE ARDS AND NORTH DOWN LTD Cash flow statement for the year ended 31 March 2023 2023 2022 Cash generated from operations Net income / (exp¢ndKture) for the year Depreciation Decrease in debtors Increase in creditors Investment income Tecognised in statement of financial activities (130,634) 7,252 35,989 5,668 (580) 46,088 10,656 (46,618) (45,404) (152) Net cash outllow from operating activities (82,305) (35,430) Cash flow statement Net cash outflow from operating activities (82,305) (35.430) Cash flow from investing activities Interest received Payments to acquire tangible fed assets 580 152 (2,711) Decrease in cash in the year (81.725) (37.989) Reconciliation of net cash floTrv to movement in net debt Decrease in cash in the year Cash and cash equivalents at l April 2022 (81.725) 249,052 (37,989) 287,041 Cash and cash equAvalents at 31 March 2023 167,327 249,052 Page 11
COMMUNITY ADVICE ARDS AND NORTH DOWN LTD Notes to the financial statements for the year ended 31 March 2023 Accounting policies Company information Community Advice Ards and North Down is a Company limited by guarantee, registered in Northern Ireland. The address of the registered office is Haniilton Road Community Hub, 39A Hamilton road, Bangor, Co Down, B T20 4LF. Accounting convention The accounts have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practic¢ applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appltcable in the UK and Republic of Ireland published in October 2019" The charity is a Public Bcncfit Entity as defined by FRS 102. The financial statements are prcpar¢d in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the neaT¢St £. 1.2. Going concern At thc time of approving the accounts the trustees have a reasonable cxpectation that the charity has ad¢quate resources to continue in operatkonal cxistcnce for th¢ fores¢eable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the fmancial statements. 1.3. Charitable funds Unrestricted funds arc available for use at the discretion of the Trustees in furtherance of theiT haritable obJectiv¢s unless the funds have bcen dcsignated for other purposes. Restricted funds arc subject to specific conditions by donoTS as to how they may be us¢d. The PUOSeS and uses of the restricted funds are set out tn the notes to thc financial statements. 1.4. Incoming resources Income is recognised when the charity is legally ¢ntitl¢d to it after any performancc 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 b¢en notified of the donation, unless perfornlance 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. Legacies are recognised on receipt or othenvise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. Investment income is recognised once the income and been declared and notified to bank accounts. 1.5. Resources expended All expenditure is accounted for on an accruals basis. Expenditure is recognksed where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required, and the amount of the obligation can be measured reliably. Page 12
COMMUNITY ADVICE ARDS AND NORTH DOWN LTD Notes to the financial statements for the year ended 31 March 2023 . continued 1.6. Tangible fixed assets and depreciation Tangible fixed assets are initially recorded at cost and subsequently stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impaimient losses. Cost includes costs directly attributable to inaking the asset capable of operating as intended. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected uscful life, as follows- Land and buildings Fixttires, fittings and equipment l O % Straight line 250/0 Straight line 1.7. Impairment of fixed assets Assets not m¢asur¢d at fair value are reviewed for any indication that the asset may bc impaired at each balance sheet date. If such indicatton exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated, and compared to the carying amount. Where the carrying amount exceeds its rccoverable amount. an impairn]ent loss is recognised in surplus or defECIt unless the asset is carried at a revalued amount wher¢ the impairmcnt loss is a revaluation decrease 1.8. Cash at bank and in hand Cash and cash equivalents includc cash in hand, deposits held at call with banks, other short-term liquid investments with original mathrities of three months or less, and bank overdrafts. Bank overdrafts are shown within boffowings in current liabilities. Page 13
COMMUNITY ADVICE ARDS AND NORTH DOWN LTD Notes to the financial statements for the year ended 31 March 2023 continued 1.9. Financial Instruments The chartty has elected to apply the provisions of Section I I 'Basic Financial Instntments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its fanCIal instruments. Financial instruments are recognised in the charity's balance sbeet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and ther¢ is an intention to settle on a net basis or to realisc the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, ar¢ initially measured at transaction price including transaction costs and arc subsequently caRTied Kit amortised cost ustng the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of tlie future reccipts discounted at a market rate of interest. Financial assets classificd as receivable within one year arc not amortised. Basic financial liabilities Basic financial liabiliti¢s, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutcs a fancIng transaction, whcre the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payabl¢ within one year are not amortiscd. Debt instruments are subsequently carried at amortised cost. using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have bcen acquired in the ordinary course of opcrations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recogniscd knitially at transaction price and subsequently measured at amortised cost using the effective interest method. Page 14
COMMUNITY ADVICE ARDS AND NORTH DOWN LTD Notes to the financial statements for the year ended 31 March 2023 continued 1.10. Provisions Provisions are recognksed when the Company has a legal or constructive present obligation as a result of a past event, it is probable that the Company wlll be required to settle that obligation and a reliable estimate can be made of the amount of the obligation. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the oblÉgatÉon. Where the effect of the time value of money is material. the amount expected to be required to settle the obligation is r¢cognis¢d at present value. When a provision Èn measured at prcsent value the unwinding of the discount is recognised as a finance cost in profit and loss in the period it arises. 1.11. Government grants Government grants arc recognised at thc fair value of th¢ asset received or receivable when there is reasonablc assurance that the grant conditions will be met and the grants will be received. A grant that sp¢cifi¢s performance conditions is recognised in income when the perfotmance conditions are met. Where a grant does not specify p¢rforn]ance conditions it És recogniscd in income when the proceeds are received or receivabl¢. A grdnt receivcd before th¢ recognition criteria are satisfied is recognised as a liability. 1.12. Employee benefits Thc costs of short-term employee benefits arc recognised as a liabtlity and an expense, unless those costs are required to be recognised as part of th¢ cost of stock 01 fixcd assets. The cost of any unuscd holiday cntitlement is rccognised in the period in which the employe¢'s services are received. Temiination beneftts are recognised immediately as an expense when the company is demonstrably committed to tern]inate the emplonent of an employe¢ or to provide tennination benefits. 1.13 Critical accounting estimates and judgements In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the canying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experiencc and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are r¢cognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the reviskon and tUre periods wh¢r¢ the revision affects both current and tUre periods. Page IS
COMMUNITY ADVICE ARDS AND NORTH DOWN LTD Notes to the financial statements for the year ended 31 March 2023 continued Unrestricted Restricted 2023 2023 Total 2023 Total 2022 2. Income from charitable activities ANDBC Contract ANDBC Core Salary Uplifts ANDBC Additional Funding Welfare Reforni National Lottery Community Fund Macmillan Cancer Support PRRT- Police Rchabklitation Debt Action Funding WR- Appeals Funding Other Incom¢ Halifax Foundation NI 294,000 29,350 8,172 294,000 29,350 8,172 57,760 294,000 21,849 106,665 58,647 9,950 66,443 1,000 68,753 20,870 3,600 5,000 57,760 67,603 67,603 51,393 19,200 51,393 19.200 1,800 1,800 333.322 195,956 529,278 656,777 The other income figure for 2023 relates to funding from Penslon Wise (£1800) Donations and legacies 2023 2022 Donations 385 60 Income from investments 2023 2022 Bank interest 580 152 Page 16
COMMUNITY ADVICE ARDS AND NORTH DOWN LTD Notes to the financial statements for the year ended 31 March 2023 continued Unrestricted Restricted Total 2023 2023 2023 Total 2022 5. Expenditure on charitable activities Wages and salaries Subscription & care code Trakning Travelling Office costs Telephone Establishment costs Insurance Depreciation Grant released Accountancy costs Audit fee Other costs 325,332 6,115 3,839 496 21,516 3,307 37,082 2,182 7,252 215,714 3,371 2,941. 565 10,798 885 541,046 9,486 6,780 1,061 32,314 4,192 37,082 3,828 7,252 488,100 5,432 5,941 650 31,672 16,249 33.116 3,782 10,656 (3,750) 10,510 3,576 4.967 1,646 9,865 2,503 3.195 1,200 1.073 11,065 3,576 3,195 422,684 238,193 660.877 610,901 Employees Year ended 2023 Year ended 2022 Number of employees The av¢rage monthly numbers of employees (including the Directors) during th¢ year were: Support staff 32 28 Employment costs 2023 2022 Wages, salaries and pensÉon costs Social security costs Other pension costs 494,796 31,168 15,082 447,499 29,439 Ik,162 541,046 488,100 There were no employees earning over £60,000 in the two years ended 31 March 2023. Page 17
COMMUNITY ADVICE ARDS AND NORTH DOWN LTD Notes to the financial statements for the year ended 31 March 2023 continued Taxation No liability to UK corporation tax arises on ordinary activities for the year. The company is a registered charity . Land Fixtures, and rittings and buildings equipment Tangible fixed assets Total Cost At l April 2022 18,189 72,753 90.942 At 31 March 2023 18,189 72,753 90,942 Depreciation At l April 2022 Charge for the year 5,457 1,819 62,529 5,433 67,986 7,252 At 31 March 2023 7.276 67,962 75,238 Net book values At 31 March 2023 10,913 4,791 15,704 At 31 March 2022 12,732 10,224 22,956 Debtors 2023 2022 Dcbtors Prepayments and accrued income 119,876 2,575 129,371 29,069 122,451 158,440 10. Creditors: amounts f211ing due within one year 2023 2022 Creditors Accruals and deferred income 6,692 3,576 1,024 3,576 10,268 4,600 Page 18
COMMUNITY ADVICE ARDS AND NORTH DOWN LTD Notes to the financial statements for the year ended 31 March 2023 continued General Restricted 11. Statement of funds reserve reserve account account Total Total reserves at l April 2022 Total income for the year Total expenditure for the year 368,586 57,262 425,848 334,287 195,956 530,243 (422,684) (238,193) (660,877) Total reserves at 31 March 2023 280,189 15,025 295,214 The general reserve represents the free funds of the charity which are not designated for particular purposes. The restricted res¢rve funds represent the funds held by the charity that have restrictions on use. General Restricted 12. Analysis of net assets behveen funds reserve reserve fund fund Total Fund Balances at 31 March 2023 represented by: Tangible fixed assets Current assets Cuffent liabllities 15,704 274.753 (10,268) 15,704 289.778 (10,268) 15,025 Total net 2S5ets 280,189 15,025 295,214 Th¢ g¢netal reserve represents the fr¢¢ funds of the charity which are not designated for particular purposes. The restricted reserve funds represent the funds held by the charity that have restrictions on use. 13. Related party transactions There was no related party transactions during the year under review. Page 19