Registered number N1056135 Advice North West Report and Accounts Year Ended 31 March 2023 SJK & Com an Chartered Accountants & Registered Auditors 8 Bridge Road, Moira, Craigavon, BT67 OPF
Advl¢e North West Report and accounts Contents Page Charity reference and administrative details Trustees annual report {including directors, & strategic report) Independent auditovs report lo the members Statement of financial activities 2to4 5t07 Balance sheet Notes to the financial statements 101016
Advi¢e North West Charity reference and administrative details Company registration number NIC104965 Charity tax reference XN88408 The board of directors Mr P Gray Mr S McPherson Mrs J Harte Mr K Bradley Ms S Duffy Ms B Heery Mr C McKeone Company secretary Mrs J Gallagher Members of the management committee Mrs J Gallagher Cllr G Donnelly Mr E Dohety Mr R Moyne (Left Oct 22) Mr G Deeney (Started Ocl 221 Alderman M Devenney (Left Dec 221 Alderman N Mcmorris {Started Dec 22) Mrs R Frellch (Slarted Jan 231 Cllr A Dobbins {Left June 23) Cllr S Harkin (Left June 23) Cllr R Barr ILefl June 23) Cllr L Seenoi-Barr {Slarted June 23) Cllr C Devine (Started June 231 Cllr R Farrell (Started June 231 Registered office 5th Floor, Embassy Building 3 Strand Road Derry 8T48 7BH Auditors SJK Chartered Accountants 8 Bridge Road Moira Craigavon BT67 OPF Audltors Satori Accounting 11 Orchard Business Park Pennyburn Industrial Estate Derry, BT48 OLU Bankers First Trust Bank Meadowbank Branch Strand Road Dery Solicitors Hasson & Company Solicilors 39-41 Clarendon Slreet Derry 8T48 7ER
Advicè North West Reglstered numbar: N1056135 Trustaes Annual Raport lincludlng Directors. & Stratagic Report) The trustees have pleasure In presenting their rewrt and the finanual ststements or the company for the year ended 31 March 2023. Oblectlves and actlvltles The principle objective5 and activities of the charity Ouring the year continued to be the relief of poverty, sickne85 and distress in all seclions of the communily, Ihe adVanMeNt of education and prole¢lion of health thetsY ensuring people do not suffer through Ignorance of their rights or Serwices available to them. The principle ol Advi Norih Wesl is that we provide free, impartial, confidential and independent support and advoc2cy over a number of areas of 18w induding social security benefits. money adviceldebt, employment leglslation. consumer issues, health, housing rights and olher legal mallers. The charity is a charitable company limited by guarantee. It is governed by a memor8ndum and articles or association. During the year, the charity carried out a number of acliwties and projects in the furtherance of Ils objectives.. 1. Pros1On of advic8 serceS across 8 range of issues such as soci85 security benefits, rnoney advice, employment legislalion. consumer rights, housing rights et¢ in our four main orrice sites plus oulreach adirice provision in idenlified rural and urban areas of Derry and Slrabane. 2. Speufic focus on new wplfare reform regulations and advising claimants on the impacl on Ihelr finan(xal 11- being of new Universal Credit Migration 8nd Disability 8enefils. 3. Influencing Policy and legislative change via Commissioners Healings. 4. Operation of MoneylDebt advice project to advise users on Issues relallng lo personal debt and implementatlon of le9al debt remedies to assist our dients. strate IcRe ort Achlevernents and p8rfomiance Ilncluding prlnclpal risks and uncertalntles, devglopment and performance and key p8rforman¢e Indlcatorsl The maln achievements of the charity durfng the year were as follows.. 1 Increasing seTr7 deliverable melS to ensure no accessibility barriers for our c1ients- lo Indude face- to fao apprynlments. Telephone AdCe, Email Advice 8nd provision of Information talks to Communities. 2 Furth8r Inveslmenl in new digSlal technology, Mfjlh new linked telephone system aniJ Teams transforming how we inleracl ryth our dienls Funders and each olher. 3 Delivery of Enhanced Specialist Tr8ining for all staff facilitated vla CPAG. Law Centre. Advice Nl. 4 Retention of sp1811st Debt Unit and Tribunal Riohls Unit. S Retention of funding and collaborative partn8rs in Ihe delivery of ouraSms. values and objectives. The direclois are satisfied that the performance of the company during the year, in teims of both rinanaal and operational results, is in Ilne wth the charily's constitution and key objectives. Financl81 review Ilncludlng reserves pollcyl The net income for the year was £24,421 131 Mar 2022- net expenditure £23,785). The surplus for the yearwll be added lo fund5 brought forwdrd. Total funds and reserves at the end of the financial year were £283.957. Th8 charity aims to ensure that liquid funds held at any point in tlme are sufficlent to cover expendlture equivalent to 3 rnonlhs of all ongoing operating cost5 (excluding depreciation). At the year-end date, Ihe charity held cash al bank lon cuffent or short tem deposit accounts) of £227,856. Total expendilure for the year was £838,888 (excluding deprecialionl. The charity. therefore, held funds equiva18nt to 3.3 months of ongoing operatlng costs lexcluding depreciation).
Advic6 North West Reglstered number.. N1056135 Trustees Annual Roport {Includlng Directors. & Strataglc Report) Plans for future perlods There are no significant changes planned for the forthcoming fin8nual year. The directors wryll contlnue io govern the company in line wlh the constitLrtion Sn order lo achieve the objectives noted above. Structure. governance and management The charity is a charilable company limited by guarantee. The company is governed and managed by the board of dIorS. The directors served Ihe company Ihroughoul the year are showi On pages 1 and 2. together wlh details of Ihe registered tsffice and other professional advisors. The Cornpany is managed on a day-ltrday basi5 by Mrs J Gallagher. vtho oversees all operational and finan81 mallers on behalf of the board and reports directly lo the board on all such mallers. The board of dire¢lors rarry out their governance role throughout the year by way of meetings on a monthly basis lo rewew the performan¢e of the company and lo mak8 decisions gardIng the companls financSal and operalional matters. The directors govern Ihe aelivilies of the company in line ryth Ihe obje¢lives sel out in the governing documents of the tharity, namely Ihe Memorandum and Articles of Association an¢J Ihe ¢haritls con51itulS0n. DlrectOTS Th8 directors lalso the Irusleesl vtho Served the wmpany during the period were as follows.. Mr P Gray Ms S Duffy Mr S McPherson Ms 8 Heery Mr$ J Harte Mr K Bradley Mc C M¢Keone Mrs M Quigley M5 WA Kirk Trustees, responsibilities The 1rn8tees, who are also the d1ClorS of the company, are responsible for preparing the Annual Report ané the flnan¢ial statements in accordance wqih applicable lawand regulalions. Company law requires tha trustees io Ppare finan81 slatements for each financial year. Under that law Ihe Iruslee5 have elected lo prepare the financial slalemenls in accordance with Unlled Kingdom Generally Actspled Accounling Praelits (United Kinodom Accounlin9 St3ndard$ and applicable lawl. The financial statements are required by law lo give a true and fair wew ol the state of affairs of Ihe company and Of the profil or loss of the company for Ihal period. In preparlng these finan¢4al slalemenls, the Iruslees are required to". select suitable accounllng polldes and then apply them conslslenlly, makejudgement8 and eslimales that are reasonab18 and prudent.. prepare the linancial slaternenis on the going ¢oncem basis unless il is inappropriate lo presume that Ihe company wll continue in busines8. The trustees are responsible for keeping proper accountlng re¢Cd3 that dise105e 1th reasonaue accuracy at any time the financial position of the company and enable Ihem to ensure that the financial slatetnents Comply wlh the Companles A¢1 2006. They are also responslble for Safeguarding the 8ssels ol the company and hents for taking reasonable steps for the prevenlion and detec.0 of fr8ud and other ittegularilies. Dlsclosure of Informatlon to the auditors We, the dlre¢tors of the ¢x)mpany who held Offi al Ihe date of approval ol these financial statements as set out above each confirm. so far as we are aware, ihal.. there is no ielevznt aud51 information of vthich the companvs auditor is Unawa., and the dire¢lor$ have laken all step5 that they ouohl lo have taken to make themselves aware of any relevant audit informalion and lo eslablish Ihal Ihe auditor is aware ol Ihal inforrnation.
Advice North West Registered numb&r'. N1056135 Trustees Annual Raport lincluding Dlrectors. & Strateglc Reporti Audltor SJK Charted Account8nt5 a deemed to be reappointed under section 487121 of the Companies Act 2006. Small company exemptlons Thi5 report has been prepared In accordan wth the special provision5 for small companie5 under Part 15 of the Companies Act 2006. In approwng the Trustees, Annual Report. we also approve the Strategic Report included therein, in our capacily as company directors. By order of the Board Mrs J Gallagher Company Secretary 1 December 2023
Advice North West Independent Auditor's Report to the Members ofAdvice North West Oplnion We have audited the financlal slalements of Advice North West (the 'charilable company'l lor the year ended 31 March 2023 which comprise the Statement of Financial Activities. the Balance Sheet and notes to the financlal statements, including significant accounting policies. The financial repoTling framework that has been applied in their preparatlon is applicable law and United Kingdom Accounting Standards, including Financial Reportlng Slandard 102 The Financial Reporting Standard applicable in the UK and Republic ol Ireland (United Kingdom Generalty Accepted Accounlino Praclicel. In our opinion the financial slalemenls.. give a true and fair view of the state ol the charitable company's affairs as al 31 March 2023, and of ils incomino resources and application of resources, including its income and expenditure, for the year ended., have been properly prepared in accordance with United Klngdom Generally Accepled Aooounllng Practi.. and have been prepared in accordance wilh the requirements of Ihe Companies Act 2006. Basls for oplnlon We conducted our audit in accoidance with International Standards on Audilinc IUKI IISAS IUKII and applicable law. Our 18sponsibilities under Ihose standards are further described in Ihe auditor responsibilitles for the audit of the financial slalements seolion of our repori. We are independent of the charilable company in accordance wilh Ihe ethical requirements that are relevant to our audit ol the fin8nci81 slalemenls in the UK, including the FRC'S Ethical Slandard, and we have fulfilled our other ethical responsibilities in accordance wilh Ihese requirements. We believe that the audit evidence we have obtained is sufficient and appropriale lo provide a basis for our opinlon. Contlu5ions relatlng to golng concern In auditing the financial slalemenls, we have concluded that Ihe 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 idenllfied any material uncerlainlies relaling to events or conditions that, individually or collectively, may casl significant doubl on the charilable companys ability lo continue as a going concern for a period of at le851 twelve months from when the financial s13lements are aulhorised for i55ue. Our iesponslbilitles and the responsibilities of the Irustees with respect to going concern are described in the relevant sections of this report. Other Information The other infotrnalion comprises the information included in the trustees, annual report. other than the financial statements and our audilorfs report Ihereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the exient otherwise explicilly stAted In our report, we do not express any form of assurance conclusion Iheieon. Our responsibility is lo read the other information and, In doing so. consider whether the olher information is materially inconslslent with the financial statements or our knowledge obtalned in the course of the audit or otherwise appears to be malerlalSy misstated. If we idenlify such maleiial inoonsislencies or apparent rnaleiial misstatements. we are required lo deleirnine whelher this gives rise lo a malerial misstatement in the finanaal slaternents Ihemselves. 11, based on Ihe work we have performed, we conclude that Ihere is a material rni5slalemenl of this olher informalion, we are reqllid to repori that fact. We have nothing lo report in Ihls regard, Opirtion8 on othèr matters prescribed by the Companles Act 2006 In our opinion, based on the work undertaken in the course ol the audit.. the information given in the trustees, report prepared for the purposes of company law, for the financial year forwhich the financial slalements are prepared is conslstent with the financial slatements.. and the directors, report Included within the trustees. report has been prepared in accord8nce with applicable legal requiiemènts.
Advice North West Independent Auditor's Report to the Members ofAdvi¢e North West Matters on whlch we are requlred to report by ex¢eption In the light of the knowledge and undeTslanding of the charil¥ble company and ils environment obtained Sn the course ol the audit. we have not identified material misslalemenls in the directOTS' report Included within the Iruslees. report. We have nothing to report in SpeCt of the followlng mallers in relalion lo which the Comp8nles Act 2006 requires us to report lo you il, in our Opinn.. adequale accounting records have not been kept, or returns adequate for our audit have not been reeelved from branches not visited by US,. OT the financlal stalements are not in agreement with the accounting records and relurns.. or certain disclosures of direclors, remuneration specified by law are not ni8de', or we have not received all the infom81ion and explanallons we require lor our audit.. or the trustee5 were not enlilled lo prepare the financial statements in accordance with Ihe small companies regime and lake advantage of the small companies, exemption5 in preparfng the directors, report and from the requirement to prepare 8 strategic repori Rèsponslbllltles of directOTS As explained more fully in the Iiustèes. SponSIbIlItIeS statement sel oul on page 3, the trustees Iwho are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial sla16ments and for being satisfied that they give a truè and fair view, and for such internal control as thè trustees deterinine is necessary to enable the preparation of financial statements Ihat are free from Inalerial misslalemenl, whether due lo fraud or error. In preparing the financial statements, the trustees are responsible loi assessing the ch8rllable company's ability to conlinue as a going concein, dlscloslng, as appllcable, mallers related lo goino concem and using Ihe going concern basis of accounting unless the Iiuslees either intend lo liqIdate Ihe charitable company or lo Gease opèr8llons. or have no realistic allernalive bul lo do so. Auditor's rèsponslbllltles for the audlt of the financial statèmènts Our objectives are lo obtain reasonable assuTance about whelher Ihe financial statements as a whole are free from material mlsststement, whether due to fraud or error, and lo Issue an audilor's report that iiicludes our opinion. Reasonable 8ssur8nce Is a high level ol assurance, bul is not a guarantè6 that an audit conducted in accordan wilh ISAS IUKI will always dele¢l a materlal mlsstatement when it exists. Misstatements Can arlse from fraud or error and are consldered material if, individually or in the agureoale, they could reasonably be expeoled lo Influence the economic decision5 of users taken on the ba818 of these financial statements. Irregularilies, including figud, are inslances of non-compliance wilh laws and règulatlons. We design procedures in line wlth our responsibilities, oullined above. lo detect material misstatements in respect of IrguIall1les, Includlno fraud. Because of the Snherent Ilmitations of an audit, there is a risk th31 we will not detect all irregularities, including those leading to a maleiial mlsstatement in the financial slalements or non-compliance with regulalion. This risk increases the more Ihal compliance with a law or regulation is removed from the events and transactions reflected in Ihe financial slalements, as we will be less likely lo become aware ol Instances of non-compliance. The risk is also greater regarding irregularfties occurring due to fraud ialher than error, As fraud involves intentional concealment. forgery, collusion. ornission 01 misrepresenlalion. As part of an audit in accordance with ISAS IUKI, we exèrclse professional judgment and mainlain professional soeplicism throughoul the audit. We also.. Identify and assess the risks of material misslaternenl of the financial statements, whether due lo fraud or error, design and perfom audit procedures responsive lo Ihose risks, and obtain audil evidence that is sufficient and appropriate to provide a basis for our opinion. The risk ol not delecling 8 malerlal mlsstalement resulting from fraud Is higher than for one resulting from Èrror, as fr8ud may involve collusion, forgery, Inlenllonal omlssions, misrepresenlalions, or the override of internal oonlrol. Obtaln an understanding of inlem81 control relevant lo the audit in order lo design audit proc¢durès that are approprfale in the cirCumstans, bul not for the purpose of expressing an opinion on Ilie effectiveness ol thè charitable company's Inlemal control. Evaluate the appropriateness ol accounting policies used and Ihe reasonableness of accounting estimales and rel818d disclosures made by the dlrectors. Conclude on the appropriateness of the trijslees. use ol the going Gonoern basis of accounlino and, based on the audit evidence obtained, whether a materi81 uncertainty exisls related lo events or ¢onditions that may cast slgnificanl doubl on the charitable ¢ompany's abllily to continue as a going concern. If wè conclude Ihal a material uncertalnty exists, we are required to draw attention In our audltor's report lo Ihe related dis¢losvres in the fin8nelal slalemenls or. If such disclosures are inadequate, lo Modify our oplnion. Our conclusions are based on the audit evidence obtaitTred up to the date of our audiloffs report. However. fulurg èvents or condilions may cause the charitable company lo ce8$9 lo eonllnue as a golng concern. Ev8lu81e the overall presentation, structure and Content of the financlal stalement5, including the disclosures, and whelherlhe fin8nclal stalements represent the undeilying tr8nsacllons and evenls in a manner Ihal achieves fair presentation lie. give$ 8 true and fair view).
Advice North West Independent Auditor's Report to the Members of Advice North West We communicate with those charged with governan regarding, among olher matters. the planned scope and timing of the audlt and significant audit findings, including any significant deficiencie5 in inleinal control that we identify during our audit. Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 01 Part 16 of the Companies Aol 2006. Our audil work has been underiaken so that wè mlghl slale to the charitable company's members those matters we are required lo slate to them in an audilorfs report and for no other purpose. To the fullest exlenl permilled by law, we do not accept or assume responsibilily to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this repori. or for the opinions we have formed. Stepht KEnnEy10*i.wl3iS..3?6¥4T1 Mr Stèphen Kennedy for and on behalf of SJK Charteyed A¢countants Chartered Accountants & Registered Audltors 8 Brldge Road Craigavon Northern Ireland BT67 OPF 1 Decemb£r 2023
Advice North West Statement of Financial Activities for the year ended 31 March 2023 Notes Unrestricted Restrlcted 2023 2022 Income and endowments from: Donations and legacies Charitable activities Investments 13,638 13,638 853,989 2,016 8,495 846,109 72 853,989 2,016 Total income 15,654 853,989 869,643 854,676 Expenditure on: Raising funds Charitable aclivilies Governance costs 38,569 745,477 43,536 38,569 758,958 47,695 39,815 793,583 45,063 13,481 4,159 Total expenditure 17,640 827,582 845,222 878,461 Net income l (expenditure) 11,9861 26,407 24,421 (23,785) Transfer between funds Reconciliation of funds: Total funds brought forward 141,231 118,305 259,536 283,321 Total funds ¢arried forward 139,245 144,712 283,957 259,536 All income and expenditure derive from continuing activities The statement of financial activities includes all gains and losses recognised during the year
Advice North West Balance Sheet as at 31 March 2023 Notes 2023 2022 Fixed assets Tangible assets 11 11,233 11,233 19,045 19,045 Current assets Debtors Cash al bank and in hand 12 68,977 227,856 296,833 78,071 172,631 250,702 Creditors.. amounts falling due within one year 13 {24,109) 110,211) Net current assets 272,724 240,491 Total assets less current Ilabllities 283,957 259,536 Total assets less current liabilitles 283,957 259,536 Charlty funds Unrestricted Restricted 16 17 17 139,245 144,712 283,957 141,231 118,305 259,536 Total charity funds These financial statements have been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006 and the Statement of Recommended Practice "Accounting and Reporting by Charities" ISORP 20151. These financial slalemenls were approved by the directors and aulhorised for issue on 1 December 2023 and are signed on their behalf by.. w(De£ I, )013 15..JOGMT) 3.08GMTI S Mc Pherson Dlrector B Heery Director
Advice North West Notes to the Financial Statements for the year ended 31 March 2023 1 Accounting policies (i) General information and basis of preparation Advice North West is a charitable company limited by guarantee registered in Northern Ireland. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity's operations and principal activities are: .Ihe relief of poverty, sickness and distress in 811 sections of the community .Ihe advancement of education and protection of health thereby ensuring people do not suffer through ignorance of their rights or services available to them 'provide free, impartial. confidential and independent support on consumer issues, employment legislation, social securily benefits, money advice, health, housing rights and other legal matters The charity constilules a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) issued on 16 July 2014, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 1021, the Charities Act (Northern Ireland) 2008, the Companies Act 2006 and UK Generally ACpted Practice as it applies from 1 January 2015. The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities in the UK and Republic Of Ireland (FRS 102) issued on 16 July 2014, the Financial Reporting Standard applicable in the United Kingdom and Republic Of Ireland (FRS 102), the Companies Act 2006 and UK Generally Accepted Practices as it applies from 1 January 2015. The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on the grounds that il is applying FRS 102 Section 1A. The financial statements have been prepared lo give a 'true and fairf view and are prepared on a going concern basis under the historical cost convention, modified lo include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consislently applied lo all years presented unless otherwise stated. (li) Income recognition Incoming resources from generated funds consists of income from fees and services generated by the charity from ils main charitable activities together wilh donations and fundraising. All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income after any performance condilions have been met, the amount can be measured reliably and it is probable that the income will be received. Incoming reSoUrS from charitable activities consists of grants received from various funding bodies lo assist the charity in achieving ils objectives. Grants of this nature are recognized in the Statement of Financial Activities when the charity is legally entitled to the income and all preconditions for receipt of the funds have been met. 10
Advice North West Notes to the FinancTal Statements for the year ended 31 March 2023 (iii) Expenditure recognition All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate 811 costs related to the category. Where costs cannot be directly allribuled to particular headings they have been allocated to activities on a basis consistent with use of the resources. Staff costs have been allocated on the basis of time spent on each of the main activities of the ch8rily, which are.. OGeneraling funds (those activities involved with raising fundg and funding applications) ocharitable activities (those activities associated with the charilrfs objects) OGovernance costs {managemenl and administralion of the charity) Irrecoverable VAT is charged as an expense against the activity for which expenditure arose. (iv) Depreciation Depreciation is calculaled so as to write off the cost of an asset, less ils estimated residual value, over Ihe useful economic life of that asset as follows.. Premises - 5 % slraight line Office equipmenl _ 200/0 straight line (v) Debtors and creditors receivable/ payable within one year Debtors and creditors with no slated interest rate and receivable or payable within one year are recorded al transaction pri. Any losses arising from impairment are recognised in expenditure (vi) Fund accounting Reslricled Funds Incoming resources of the company which are provided for a specific purpose, together wilh the resour$ expended to which they relate, form part of the reslricled funds of Ihe charity. Unreslricled Funds Incoming resources which are generaled by the charity's own efforts or provided with no specific preconditions, together with the reSoUrS expended to which they relate, are disclosed as part of the unrestricted funds of the charity. (vil) Going concern The financial statements have been prepared on 8 going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from aulhorising these financial statements. The budgeted income and expenditure is sufficient with the level of reseNes for the charity lo be able to continue as a going concern.
Advice North West Notes to the Financial Statements for the year ended 31 March 2023 2 Net income for the year 2023 2022 Net incomin resources are slated after char Depreciation of owned fixed assels Auditors, remuneration 8,334 4,200 8,580 2,400 3 Income from donations and legacies Unrestrlcted Funds Restrlcted Funds Total Funds 2023 Total Funds 2022 Partnership hosting Donations and sponsorship 11,233 2,405 11,233 2,405 4,695 3,800 4 Income from charitable activities Unrestricted Funds Restricted Funds Total Funds 2023 Total Funds 2022 Derry City & Strabane Dislrict Council S.T.E.P. Nl Immigration Project W.H.S.C.T. Advi Nl Pensionwise 694,919 17.460 67,227 74,383 694,919 17,460 67,227 74,383 695,686 69,715 73,958 6.750 853,989 853.989 846,109 5 Expenditure on raising funds Unrestricted Funds Restricted Funds Total Funds 2023 Total Funds 2022 Wages and salaries 38.569 38,569 39,815 38,569 38,569 39,815 12
Advice North West Notes to the Financial Statements for the year endad 31 March 2023 6 Expenditure on charitable activities Unrestrlcted Funds Restricted Funds Total Funds 2023 Total Funds 2022 Wages and salaries Staff training Pensions costs Rent Water rates Heal, light and power Insurance Computer and IT support Repairs and maintenance Telephone and internet Postage and stationery Subscriptions and membership fees Travel expenses General expenses Case management system Accountancy fees Auditor's remuneration Bank charges Depreciation charge Exceptional expenditure on CVA setllemenl 633,315 140 9,917 48,811 214 12,524 2,040 3,549 852 16,628 2,051 664 633,315 140 9,917 48,811 214 12,524 2,040 3,549 852 16,628 3,040 3,276 887 1,991 6,438 2,384 4.200 418 8,334 670,196 250 17,501 52,436 165 7,804 1,826 1,723 1,130 15,703 963 4,551 989 2,612 887 1.991 558 6,438 1,040 2,400 319 8,580 6,438 2,384 4,200 418 8,334 13,481 745,477 758,958 793,583 7 Expenditure on other costs Unrgstricted Funds Restri¢ted Funds Total Funds 2023 Total Funds 2022 Wages and salaries Legal and professional fees 43,536 43,536 4,159 47,695 44,938 125 45,063 4,159 4,159 43,536 13
Advice North West Notes to the Financial Statements for the year ended 31 March 2023 8 Auditor's remuneration The auditor's remuneration amounts lo an audit fee of £4,200 (2022 - £2,400). There were no accountancy or other non-audit services provided by the auditor to the charity. 9 Trustees and key management remuneration and expenses The trustees neither received nor waived any remuneration during the year, nor did the trustees have any expenses reimbursed during the year. 10 Staff costs and employee benefits The average monthly number of employees during the year was as follows.. 2023 No. 2022 No. Raising funds and governance Charitable activities 25 26 27 28 The total staff costs and employee benefits were as follows: 2023 2022 Wages and salaries Social security Pension contribution costs 665,311 50,109 9,917 725,337 695,753 59,196 17,501 772,450 No employees received total employee benefits (excluding pension costs) of more than £60,000. 11 Tangible fixed assets Premises Equipment Total Cost Al 1 April 2022 Additions At 31 March 2023 14,100 118,435 522 118,957 132,535 522 14,100 133,057 Depreciation At 1 April 2022 Charge for the year At 31 March 2023 9,165 705 104,325 7,629 111,954 113,490 8,334 121,824 9,870 Net book value At 31 March 2023 4,230 7,003 11,233 At 31 March 2022 4,935 14,110 19,045 14
Advice North West Notes to the Financial Statements for the year ended 31 March 2023 12 Debtors 2023 2022 Funding debtors Prepayments and accrued income 49,627 19,350 68,977 69,821 8,250 78,071 13 Creditors: amounts falling due within one year 2023 2022 Bank overdrafts Taxes and social security Pension contributions payable Trade creditors and accruals {2,177) 30 2,351 21,758 24,109 12,358 10,211 14 Related party transactions There were no transactions with related parties during the year which require disclosure under SORP 2015 (FRS 102). 15 Tax status The company is a registered charity for lax purposes {reference number XN 884081 and is exempl from corporation lax on any income or capital gains arising. 15
Advice North West Notes to the Financial Statements for the year ended 31 March 2023 16 Company limited by guarantee The company is limited by guarantee and, therefore, there is no issued share capital. Every member of the company undertakes lo contribute to the assets of the company in the event of il being wound up during a period in which they are still a member of the company, including a period of one year from the dale that they ceased to be a member, providing the debts were incurred during their period as a member of the company or the debt relates lo costs and expenses of a winding up. The liability of each member in such circumstances is limited to £1. 17 Funds Unrestricted Funds Restrlcted Funds Total Funds 2023 Total Funds 2022 Funds brought fonmard 141,231 118,305 259,536 283.321 Net income l (expenditure) for the year (1,986) 26,407 24,421 (23,785) Transfers between funds Funds carried fOard 139,245 144,712 283,957 259,536 Fund transfers represent the amount required in order to properly attribute the split of the charity's funds and reserves at the year-end dale to reflect accurately the net assels of the charity al that date. 18 Net assets Unrestricted Funds Restricted Funds Total Funds Fixed assets Current assets Current liabilities 11,233 151,876 (18,397) 11,233 296,833 {24,109) 144,957 (5,712) Total 139,245 144,712 283,957 16