## **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**