ARMAGH AND DISTRICT CITIZENS ADVICE BUREAU
Statement of financial activities
For the year ended 31 March 2018
| Unrestricted Restricted funds funds Notes £ £ Incoming resources Incoming resources from generating funds: Voluntary income 2 19,887 - Investment income 3 13 - Incoming resources from charitable activities 4 130,501 - Total incoming resources 150,401 - Resources expended Salaries & NIC 5 122,280 - Staff Training 730 - Rent, light, heat & insurance ACDC - (notional) 5,150 - Outreach rental 130 - Insurance 481 - Cleaning 450 - Volunteer expenses, travel, etc 1,521 - Audit fees 1,380 - Employment consultancy fees 1,308 - General administration 952 - Telephone 1,211 - Sundry expenses 407 - IT maintenance contracts 2,253 - Interest payable and similar charges 71 - Depreciation and impairment 948 - NACAB subscription 1,211 - Total resources expended 140,483 - Net incoming resources for the year 9,918 - Total funds brought forward 58,884 ) (2,215 Total funds carried forward 68,802 ) (2,215 |
2018 Total £ 19,887 13 130,501 150,401 122,280 730 5,150 130 481 450 1,521 1,380 1,308 952 1,211 407 2,253 71 948 1,211 140,483 9,918 56,669 66,587 |
2017 Total £ 19,887 17 117,572 |
|---|---|---|
| 137,476 | ||
| 95,197 4,058 5,150 696 473 160 1,677 1,380 1,954 1,169 793 499 60 724 4,614 |
||
| 118,604 | ||
| 18,872 | ||
| 37,797 | ||
| 56,669 |
The statement of financial activities includes all gains and losses in the year and therefore a separate statement of total recognised gains and losses has not been prepared.
All of the above amounts relate to continuing activities.
The notes on pages 10 to 13 form an integral part of these financial statements.
Page 7
ARMAGH AND DISTRICT CITIZENS ADVICE BUREAU
Income and expenditure account
For the year ended 31 March 2018
| Notes Income Operating expenditure Operating surplus Other income Interest receivable and similar income Interest payable and similar charges Retained surplus for the financial year All activities derive from continuing operations. |
2018 £ 150,388 ) (140,412 9,976 13 13 ) (71 9,918 |
2017 £ 137,459 ) (118,544 18,915 17 17 ) (60 18,872 |
|---|---|---|
The notes on pages 10 to 13 form an integral part of these financial statements.
Page 8
ARMAGH AND DISTRICT CITIZENS ADVICE BUREAU
Balance Sheet
as at 31 March 2018
| as at 31 March 2018 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Restated | ||||||||||
| 2018 | 2017 | |||||||||
| Notes | £ | £ | £ | £ | ||||||
| Fixed assets | ||||||||||
| Tangible assets | 7 | 3,070 | 2,895 | |||||||
| Current assets | ||||||||||
| Cash at bank and in hand | 66,807 | 59,824 | ||||||||
| 66,807 | 59,824 | |||||||||
| Creditors: amounts falling | ||||||||||
| due within one year | 8 | (3,200 | ) | (5,963 | ) | |||||
| Net current assets | 63,607 | 53,861 | ||||||||
| Total assets less current | ||||||||||
| liabilities | 66,677 | 56,756 | ||||||||
| Restricted funds paid in advance | 90 | 87 | ||||||||
| Net assets | 66,587 | 56,669 | ||||||||
| Funds | 9 | |||||||||
| Restricted income funds | (2,215 | ) | (2,215 | ) | ||||||
| Unrestricted income funds | 68,802 | 58,884 | ||||||||
| Total funds | 66,587 | 56,669 | ||||||||
| The financial statements were approved by | the trustees on 10 September 2018 and signed on its behalf by | |||||||||
| ____ | ______ | |||||||||
| Lynd Roper | Eamon Donnelly | |||||||||
| Director | Director |
The notes on pages 10 to 13 form an integral part of these financial statements.
Page 9
ARMAGH AND DISTRICT CITIZENS ADVICE BUREAU
Notes to financial statements for the year ended 31 March 2018
1. Accounting policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.
1.1. Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities' issued in March 2005 (SORP 2005) and the the Charities Act (Northern Ireland) 1964.
1.2. Cashflow
The charity has taken advantage of the exemption in FRS1 from the requirement to produce a cashflow statement because it is a small charity.
1.3. Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.
Gifts donated for resale are included as incoming resources within activities for generating funds when they are sold.
Grants, including grants for the purchase of fixed assets, are recognised in full in the statement of financial activities in the year in which they are receivable.
Income from investments is included in the year in which it is receivable.
1.4. Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes including the charity's shop.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
1.5. Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
- Fixtures, fittings and equipment 20% straight line
Page 10
ARMAGH AND DISTRICT CITIZENS ADVICE BUREAU
Notes to financial statements
for the year ended 31 March 2018
1.6. Defined contribution pension schemes
The pension costs charged in the financial statements represent the contribution payable by the charity during the year.
2. Voluntary income
| Voluntary income | ||
|---|---|---|
| Unrestricted funds £ Southern Health & Social Care Trust 19,485 Donations (grateful clients) 402 19,887 |
2018 Total £ 19,485 402 19,887 |
2017 Total £ 19,485 402 |
| 19,887 |
3. Investment income
| Investment income | ||
|---|---|---|
| Unrestricted funds £ Bank interest receivable 13 13 |
2018 Total £ 13 13 |
2017 Total £ 17 |
| 17 |
4. Incoming resources from charitable activities
| Unrestricted funds £ Armagh City & District Council 106,932 Armagh City & District Council (Notional) 5,150 Pension Wise - CAB Regional Office 18,419 130,501 |
2018 Total £ 106,932 5,150 - 18,419 130,501 |
2017 Total £ 98,620 5,150 5,668 8,134 |
|---|---|---|
| 117,572 |
Page 11
ARMAGH AND DISTRICT CITIZENS ADVICE BUREAU
Notes to financial statements for the year ended 31 March 2018
| 5. | Employees | |||||||
|---|---|---|---|---|---|---|---|---|
| Employment costs | 2018 | 2017 | ||||||
| £ | £ | |||||||
| Wages and salaries | 120,766 | 95,197 | ||||||
| 120,766 | 95,197 | |||||||
| No employee received emoluments of more than £60,000 (2017 : None). | ||||||||
| Number of employees | ||||||||
| The average monthly numbers of employees (including the trustees) during | the year, | calculated on the basis of | ||||||
| full time equivalents, was as follows: | ||||||||
| 2018 | 2017 | |||||||
| Number | Number | |||||||
| Staff | 7 | 5 | ||||||
| Voluntary Staff | 8 | 4 | ||||||
| 15 | 9 | |||||||
| Other | ||||||||
| 8. | Tangible fixed assets | tangible | ||||||
| assets | Total | |||||||
| £ | £ | |||||||
| Cost | ||||||||
| At 1 April 2017 | 22,733 | 22,733 | ||||||
| Additions | 1,122 | 1,122 | ||||||
| At 31 March 2018 | 23,855 | 23,855 | ||||||
| Depreciation | ||||||||
| At 1 April 2017 | 19,837 | 19,837 | ||||||
| Charge for the year | 948 | 948 | ||||||
| At 31 March 2018 | 20,785 | 20,785 | ||||||
| Net book values | ||||||||
| At 31 March 2018 | 3,070 | 3,070 | ||||||
| At 31 March 2017 | 2,896 | 2,896 | ||||||
| 8. | Creditors: amounts falling due | |||||||
| within one year | 2018 | 2017 | ||||||
| £ | £ | |||||||
| Accruals and deferred income | 3,200 | 5,963 |
Page 12
ARMAGH AND DISTRICT CITIZENS ADVICE BUREAU
Notes to financial statements for the year ended 31 March 2018
| Unrestricted funds | At | At | |||
|---|---|---|---|---|---|
| 1 April | Incoming | Outgoing | 31 March | ||
| 2017 | resources | resources | 2018 | ||
| £ | £ | £ | £ | ||
| Restated | |||||
| Unrestricted Funds | 58,884 | 150,401 | (140,483 | ) | 68,802 |
9. Unrestricted funds
Purposes of unrestricted funds
Funds which are expendable at the discretion of the Directors in furtherance of the objects of the charity. Such funds may be held in order to finance capital investment and working capital.
| Restricted funds | At | At | ||
|---|---|---|---|---|
| 1 April | 31 March | |||
| 2017 | 2018 | |||
| £ | £ | |||
| Restated | ||||
| Restricted Fund | (2,215 | ) | (2,215 | ) |
10. Restricted funds
Purposes of restricted funds
Grants or donations received, which are earmarked by the donor for specific purposes within the overall aims of the organisation.
Page 13