Charity registration number 1151790
Company registration number 08357279 (England and Wales)
CITIZENS ADVICE COUNTY DURHAM
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
CITIZENS ADVICE COUNTY DURHAM
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr M Smith
Mr J Scollen
Mr J W Taylor
Mrs V Wilkinson
Mr A Shield
Mr D Blackwell
Mrs J Smurthwaite
(Appointed 12 September 2022)
Ms A Barnett
(Appointed 13 September 2023)
Mrs A M Fahey
(Appointed 12 September 2023)
Charity number
1151790
Company number
08357279
Registered office
Armstrong House
Abbeywoods Business Park
Pity Me
Durham
DH1 5GH
Auditor
Allen Sykes Limited
5 Henson Close
South Church Enterprise Park
Bishop Auckland
Co Durham
DL14 6WA
CITIZENS ADVICE COUNTY DURHAM
CONTENTS
Page
Trustees' report
1 - 5
Independent auditor's report
6 - 9
Statement of financial activities
10
Statement of financial position
11 - 12
Statement of cash flows
13
Notes to the financial statements
14 - 29
CITIZENS ADVICE COUNTY DURHAM
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2023
- 1 -

The trustees present their annual report and financial statements for the year ended 31 March 2023.

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

Objectives and activities

Citizens Advice County Durham (CACD) provides free, confidential, impartial and independent advice and information to benefit the local community, campaigning for change and to ensure individuals do not suffer through lack of knowledge or an inability to express their needs effectively. These objectives are shared by all members of Citizens Advice as per the twin aims:

1. To provide advice that people need for the problems they face.

2. To improve policies and practices that affect people's lives.

Our aims and objectives will be reviewed annually to ensure that our activities remain focused on the stated purposes.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Significant activities

Our principal activity remained the provision of free, confidential, impartial and independent advice to clients in County Durham and across the country to empower them to move forward. Some of our activity was focused in our locality, with other key contracts being delivered on a national basis. We have been able to move forward following the imposed lockdown conditions from the past 2 years, with staff and volunteers being able to return to offices and the community.

We had an active Research and Campaigns team and a lot of work had been done during this period to re-build and improve our approach to research and campaigns. We understood the scale of potential impact that social change could have on the residents of County Durham. Therefore, we prioritised research and campaigns as a key activity and have been working on campaigns that affect our local community but also those that have a broader UK impact.

Volunteers

Volunteering over the last year has developed into a stronger and more robust system where volunteers are now more frequently using other methods of advice such as telephone and email. This has allowed us to face challenges head on. Recruitment locally and nationally has changed and the face of volunteering is a moving picture. For this reason we have adapted our process to recruitment and engagement to build a strong footing, in the places where this is needed moving forward.

Achievements and performance

2022/23 was another challenging year for us as we continued to deal with the impact of the Covid 19 pandemic. The frontline resource remained stretched due to volunteers not returning to the offices, meaning we were restricted on our advice delivery times. We continue to do hybrid working, which in the main has had a positive impact.

Across the projects that involve us, the following summarises our key activities and benefits we had achieved for people, both in County Durham and nationally:

CITIZENS ADVICE COUNTY DURHAM
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 2 -
CITIZENS ADVICE COUNTY DURHAM
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
Financial review

In 2022/23 the total income decreased slightly by 1% due to a small decrease in restricted sources of income.

 

 

Total funds at 31 March 2023 were £1,879,405, made up of unrestricted funds and restricted funds. The restricted funds as at the year end were £205,166 which reflected the level of unspent funding recognised in the year as income which would be spent in 2023/24 or returned to the funder if unspent. Total unrestricted funds as at 31 March 2023 were £1,674,239, a reduction of £105,380 from the previous year.

Reserves policy

We continued to grow and we were a major financial inclusion charity in the North East of England. We employed 130 staff and had contractual responsibilities for 10 premises. As such, we needed a reserves policy to be able to;

 

The value of free reserves required to achieve these goals was re-evaluated twice yearly by the Finance Sub Committee and recommended for approval by the Trustee Board.

 

The reserves target agreed in November 2022 was £750,000.

 

Unrestricted free reserves held by CACD 31 March 2023 were £1.09 million which is in excess of the company's above reserve policy. Reserves held will be spent on charitable activities in line with Citizens Advice County Durham's strategy.

Risk

The risk register was reviewed quarterly by the executive team and annually by the Trustee Board.

We held bi-monthly Information Risk Management meetings with a Senior Information Risk Officer and Senior Management Team. In this meeting, we reviewed data breaches, data impact assessments, best practice and the information risk asset register.

We also had a risk management strategy which was reviewed regularly by the executive team and annually by the Trustee Board. Policies and procedures were reviewed on an annual basis or in response to changes within the charity or external factors such as legislation.

Plans for future periods

Short Term (< 1 year)

Ensure the organisation is stable and able to move forward once a strategic business plan is in place.

Assess the new environment we are operating in, as well as how this effects the people we help.

Make immediate changes to address these needs.

Review and implement new IT/telecommunications systems to support flexible development of services.

Medium Term (1 - 3 years)

Implement strategy to address changes (including known, expected and unexpected scenarios) to the external landscape.

Ensure resources are at suitable levels to enable optimised delivery of advice, across multiple channels (face to face, email, phone, video, etc.).

Be at the heart of alliance working and collaboration, contributing to shared intelligence in the county.

Structure, governance and management

We were established under a memorandum of association which outlined the objects and powers of the charitable company and are governed under its articles of association. We adopted an updated governing document in 2022/23, which is based on the model Citizens Advice governance method.

CITIZENS ADVICE COUNTY DURHAM
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 4 -

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr M Smith
Mr A J Pensom
(Resigned 12 September 2023)
Mr J Scollen
Mr J W Taylor
Ms M Pavlou
(Resigned 10 May 2022)
Mrs V Wilkinson
Mr A Shield
Mr D Blackwell
Mrs J Smurthwaite
(Appointed 12 September 2022)
Mrs J Wrigley
(Appointed 1 September 2022 and resigned 28 August 2023)
Mrs M A Roe
(Appointed 12 September 2023 and resigned 12 October 2023)
Ms A Barnett
(Appointed 13 September 2023)
Mrs A M Fahey
(Appointed 12 September 2023)

Recruitment and appointment of trustees

Trustees are openly recruited with specific skills and experience targeted according to Trustee Board need. Potential trustees are asked to submit a CV and are subsequently interviewed by a panel consisting of at least two existing trustees (one of whom should be the chair) and head of resources. Trustees are appointed at the annual general meeting but may be co-opted by the Trustee Board throughout the year where appropriate.

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

Organisational structure

We are governed by a Trustee Board of directors who are also the charity's trustees. Sub-committees including Personnel, Research and Campaigns and Finance report to the Trustee Board with task and finish committees formed as required. Trustee Board usually meet on a bi-monthly basis with more regular meetings held as and when need dictates. The day-to-day running of the charity is delegated to the executive team led by the chief executive officer. The Trustee Board is independent from the management of the charity.

Induction and training of trustees

All newly-appointed trustees are given a detailed introduction to the charity's work and are supplied with relevant documents such as governing documents and annual accounts. They are also invited to meet with existing staff and trustees and visit services where suitable. They are also encouraged to undertake relevant training opportunities and must undertake certain mandatory training such as Data Protection.

Wider Network

We are a member of Citizens Advice, the operating name of the National Association of Citizens Advice Bureaux which provides support, guidance and training to members. They also provide a national case management and information system. A condition of membership is to meet and maintain national advice and management standards which are audited regularly. We meet the Advice Quality Standard and are registered with the Information Commissioner’s Office (ICO) and the Financial Conduct Authority (FCA).

We are a full member of the Advice in County Durham (AiCD) partnership, which works with all the advice providers in the county to enable effective referrals into appropriate services, upskill the advice sector and encourage collaboration.

CITIZENS ADVICE COUNTY DURHAM
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 5 -

Risk management

The trustees had a duty to identify and review the risks to which we are exposed to and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Pay Policy for Senior Staff

The pay of the senior staff is reviewed annually by the Trustee Board without staff being present.

Statement of trustees' responsibilities

The trustees, who are also the directors of Citizens Advice County Durham for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

 

Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

 

In preparing these financial statements, the trustees are required to:

 

- select suitable accounting policies and then apply them consistently;

 

- observe the methods and principles in the Charities SORP;

 

- make judgements and estimates that are reasonable and prudent; and

 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

 

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

Auditor

In accordance with the company's articles, a resolution proposing that Allen Sykes Limited be reappointed as auditor of the company will be put at a General Meeting.

Disclosure of information to auditor

Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The trustees' report was approved by the Board of Trustees.

Mr J Scollen
Trustee
21 November 2023
CITIZENS ADVICE COUNTY DURHAM
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF CITIZENS ADVICE COUNTY DURHAM
- 6 -

Opinion

We have audited the financial statements of Citizens Advice County Durham (the ‘charity’) for the year ended 31 March 2023 which comprise the statement of financial activities, the statement of financial position, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

-

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 prepared 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 applicable law. Our responsibilities under those standards are further described 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 to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

 

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

Other information

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

 

We have nothing to report in this regard.

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 Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

-

the information given in the financial statements is inconsistent in any material respect with the trustees' 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 information and explanations we require for our audit.

CITIZENS ADVICE COUNTY DURHAM
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF CITIZENS ADVICE COUNTY DURHAM
- 7 -
Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

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

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

CITIZENS ADVICE COUNTY DURHAM
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF CITIZENS ADVICE COUNTY DURHAM
- 8 -

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

 

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

 

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

 

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

 

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

CITIZENS ADVICE COUNTY DURHAM
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF CITIZENS ADVICE COUNTY DURHAM
- 9 -

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

 

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

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

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Jillian F Hindmarsh FCA (Senior Statutory Auditor)
for and on behalf of Allen Sykes Limited
22 November 2023
Chartered Accountants
Statutory Auditor
5 Henson Close
South Church Enterprise Park
Bishop Auckland
Co Durham
DL14 6WA
CITIZENS ADVICE COUNTY DURHAM
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2023
- 10 -
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2023
2023
2023
2022
2022
2022
Notes
£
£
£
£
£
£
Income from:
Donations and legacies
4
1,515
-
1,515
-
-
-
Charitable activities
5
849,470
2,696,660
3,546,130
732,596
2,880,733
3,613,329
Investments
6
34,961
-
34,961
6,487
-
6,487
Total income
885,946
2,696,660
3,582,606
739,083
2,880,733
3,619,816
Expenditure on:
Charitable activities
7
1,061,589
2,472,627
3,534,216
673,024
2,665,308
3,338,332
Net (outgoing)/incoming resources before transfers
(175,643)
224,033
48,390
66,059
215,425
281,484
Gross transfers between funds
11
70,263
(70,263)
-
227,590
(227,590)
-
Net (expenditure)/income for the year/
Net movement in funds
(105,380)
153,770
48,390
293,649
(12,165)
281,484
Fund balances at 1 April 2022
1,779,619
51,396
1,831,015
1,485,970
63,561
1,549,531
Fund balances at 31 March 2023
1,674,239
205,166
1,879,405
1,779,619
51,396
1,831,015

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
CITIZENS ADVICE COUNTY DURHAM
STATEMENT OF FINANCIAL POSITION
AS AT
31 MARCH 2023
31 March 2023
- 11 -
2023
2022
as restated
Notes
£
£
£
£
Fixed assets
Tangible assets
12
582,103
590,061
Current assets
Debtors
13
208,769
128,658
Investments
14
85,772
616,619
Cash at bank and in hand
1,235,259
909,260
1,529,800
1,654,537
Creditors: amounts falling due within one year
17
(232,498)
(323,158)
Net current assets
1,297,302
1,331,379
Total assets less current liabilities
1,879,405
1,921,440
Creditors: amounts falling due after more than one year
18
-
(90,425)
Net assets
1,879,405
1,831,015
Income funds
Restricted funds
21
205,166
51,396
Unrestricted funds
Designated funds
22
491,678
499,636
General unrestricted funds
1,182,561
1,279,983
1,674,239
1,779,619
1,879,405
1,831,015
CITIZENS ADVICE COUNTY DURHAM
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
31 MARCH 2023
31 March 2023
- 12 -

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2023, although an audit has been carried out under section 144 of the Charities Act 2011.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements under the requirements of the Companies Act 2006, for the year in question in accordance with section 476.

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

The financial statements were approved by the Trustees on 21 November 2023
Mrs V Wilkinson
Trustee
Company registration number 08357279
CITIZENS ADVICE COUNTY DURHAM
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2023
- 13 -
2023
2022
as restated
Notes
£
£
£
£
Cash flows from operating activities
Cash (absorbed by)/generated from operations
26
(137,815)
350,184
Investing activities
Investment income received
34,961
6,487
Net cash generated from investing activities
34,961
6,487
Financing activities
Repayment of borrowings
(101,994)
(2,179)
Net cash used in financing activities
(101,994)
(2,179)
Net (decrease)/increase in cash and cash equivalents
(204,848)
354,492
Cash and cash equivalents at beginning of year
1,525,879
1,171,387
Cash and cash equivalents at end of year
1,321,031
1,525,879
Relating to:
Cash at bank and in hand
1,235,259
909,260
Short term deposits included in current asset investments
85,772
616,619
1,321,031
1,525,879
CITIZENS ADVICE COUNTY DURHAM
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 14 -
1
Accounting policies
Charity information

Citizens Advice County Durham is a private company limited by guarantee incorporated in England and Wales. The registered office is Armstrong House, Abbeywoods Business Park, Pity Me, Durham, DH1 5GH.

1.1
Accounting convention

The financial statements have been prepared in accordance with the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

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

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4
Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

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

Legacies are recognised on receipt or otherwise 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.
CITIZENS ADVICE COUNTY DURHAM
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 15 -
1.5
Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

 

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Freehold land and buildings are carried at fair value at the reporting date. Changes in fair value are recognised in net income/(expenditure) for the year.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
not depreciated
Leasehold property improvements
10% straight line
Computer & office equipment
25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7
Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the charity's balance sheet 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 there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

CITIZENS ADVICE COUNTY DURHAM
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 16 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

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 been acquired in the ordinary course of operations 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 recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
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 carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

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

3
Company Limited by Guarantee

The company is limited by guarantee. At 31 March 2023 there were 9 members (2022 - 8 members) each of whom had undertaken to contribute an amount not exceeding £1 in the event of the company winding up.

CITIZENS ADVICE COUNTY DURHAM
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 17 -
4
Donations and legacies
Unrestricted
Total
funds
2023
2022
£
£
Donations and gifts
1,515
-
5
Charitable activities

Information & Advice Services

Information & Advice Services

2023
2022
£
£
Performance related grants
3,538,060
3,566,899
Other income
8,070
46,430
3,546,130
3,613,329
Analysis by fund
Unrestricted funds
849,470
732,596
Restricted funds
2,696,660
2,880,733
3,546,130
3,613,329
Funding Analysis
Durham County Council Funding
772,663
610,355
Citizens Advice Funding
2,448,845
2,510,499
European Social Fund Funding
89,907
181,130
Other Funding
226,645
264,915
3,538,060
3,566,899
CITIZENS ADVICE COUNTY DURHAM
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 18 -
6
Investments
Unrestricted
Unrestricted
funds
funds
2023
2022
£
£
Rental income
18,750
-

Bank interest receivable

16,211
6,487
34,961
6,487
7
Charitable activities

Information & Advice Services

Information & Advice Services

2023
2022
£
£
Staff costs
2,699,169
2,570,593

Other costs

228,753
160,332
2,927,922
2,730,925
Share of support costs (see note 8)
593,606
607,407
Share of governance costs (see note 8)
12,688
-
3,534,216
3,338,332
Analysis by fund
Unrestricted funds
1,061,589
673,024
Restricted funds
2,472,627
2,665,308
3,534,216
3,338,332
CITIZENS ADVICE COUNTY DURHAM
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 19 -
8
Support costs
Support costs
Governance costs
2023
Support costs
Governance costs
2022
£
£
£
£
£
£
Staff costs
295,357
-
295,357
245,311
-
245,311
Depreciation
7,958
-
7,958
22,916
-
22,916

Other staff costs

21,110
-
21,110
-
-
-

Office costs

111,586
-
111,586
-
-
-

Premises costs

131,200
-
131,200
-
-
-

Other costs

26,395
-
26,395
339,180
-
339,180
Audit fees
-
5,605
5,605
-
-
-
Legal and professional
-
290
290
-
-
-

Other governance costs

-
6,793
6,793
-
-
-
593,606
12,688
606,294
607,407
-
607,407
Analysed between
Charitable activities
593,606
12,688
606,294
607,407
-
607,407
9
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
10
Employees

The average monthly number of employees during the year was:

2023
2022
Number
Number
129
129
Employment costs
2023
2022
£
£
Wages and salaries
2,664,797
2,505,435
Social security costs
217,060
195,484
Other pension costs
112,669
114,985
2,994,526
2,815,904

The average number of full time equivalent employees during the year was 111 (2022 - 111).

There were no employees whose annual remuneration was more than £60,000.
CITIZENS ADVICE COUNTY DURHAM
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 20 -
11
Transfers

The fund transfers relate mainly to transfers from restricted funds to unrestricted funds where non monetary expenditure (e.g. management charges, etc) has been released during the year. The transfers have been made in order that the restricted funds shown in the balance sheet at the year end shows the total amount of funding remaining which has been restricted in its purpose. In some instances transfers from unrestricted funds have been made to restricted funds where the expenditure was greater than the income received.

12
Tangible fixed assets
Freehold land and buildings
Leasehold property improvements
Computer & office equipment
Total
£
£
£
£
Cost or valuation
At 1 April 2022
575,000
164,734
117,931
857,665
Disposals
-
(66,343)
-
(66,343)
At 31 March 2023
575,000
98,391
117,931
791,322
Depreciation and impairment
At 1 April 2022
-
156,815
110,789
267,604
Depreciation charged in the year
-
3,589
4,369
7,958
Eliminated in respect of disposals
-
(66,343)
-
(66,343)
At 31 March 2023
-
94,061
115,158
209,219
Carrying amount
At 31 March 2023
575,000
4,330
2,773
582,103
At 31 March 2022
575,000
7,919
7,142
590,061

The freehold property includes property at High Street, Spennymoor and Armstong House, Durham. These are carried at the fair value. The directors have assessed their market value based on a formal valuation undertaken by McGillivrays Chartered Surveyors on 15th June 2019. The directors believe the market value of the properties has not changed significantly since that date.

At 31 March 2023, had the revalued assets been carried at historic cost less accumulated depreciation and accumulated impairment losses, their carrying amount would have been approximately £461,491 (2022 - £466,522).

13
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
122,252
28,666
Other debtors
55,843
63,281
Prepayments
30,674
36,711
208,769
128,658
CITIZENS ADVICE COUNTY DURHAM
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 21 -
14
Current asset investments
2023
2022
as restated
£
£
Investment bank accounts
85,772
616,619
15
Prior year adjustment

A prior year adjustment of £616,619 was made to reclassify funds held in a bank account to which the company does not have instant access as a current asset investment rather than as cash at bank and in hand. The adjustment was presentational and had no effect on reserves brought forward.

16
Loans and overdrafts
2023
2022
£
£
Other loans
-
101,994
Payable within one year
-
11,569
Payable after one year
-
90,425
Amounts included above which fall due after five years:
Payable by instalments
-
50,707

The long-term loans were secured by fixed charges over the freehold property at 71 High Street, Spennymoor.

17
Creditors: amounts falling due within one year
2023
2022
Notes
£
£
Borrowings
-
11,569
Other taxation and social security
57,144
43,201
Deferred funding income
19
21,704
148,284
Trade creditors
62,878
41,462
Other creditors
44,189
9,564
Accruals
46,583
69,078
232,498
323,158
CITIZENS ADVICE COUNTY DURHAM
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 22 -
18
Creditors: amounts falling due after more than one year
2023
2022
£
£
Borrowings
-
90,425
19
Government grants

Deferred income is included in the financial statements as follows:

2023
2022
£
£
Deferred income is included within:
Current liabilities
21,704
148,284
Movements in the year:
Deferred income at 1 April 2022
148,284
91,768
Released from previous periods
(141,784)
(91,768)
Resources deferred in the year
15,204
148,284
Deferred income at 31 March 2023
21,704
148,284
20
Retirement benefit schemes
Defined contribution schemes

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

The charge to profit or loss in respect of defined contribution schemes was £112,669 (2022 - £114,985).

CITIZENS ADVICE COUNTY DURHAM
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 23 -
21
Restricted funds
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
Movement in funds
Movement in funds
Balance at
1 April 2021
Incoming resources
Resources expended
Transfers
Balance at
1 April 2022
Incoming resources
Resources expended
Transfers
Balance at
31 March 2023
£
£
£
£
£
£
£
£
£
MAPS Debt Advice Project
-
540,417
(508,393)
(32,024)
-
348,109
(390,704)
42,595
-
MAPS DRO
-
1,420,938
(1,258,702)
(162,236)
-
1,188,086
(1,115,018)
(73,068)
-
AAP
16,530
19,828
(25,151)
(3,709)
7,498
19,635
(18,155)
(1,655)
7,323
Reaching Out Across Durham (ROAD)
4,407
97,936
(99,622)
(2,404)
317
82,498
(94,074)
11,259
-
Durham Works
-
58,224
(74,119)
15,895
-
7,409
-
(7,409)
-
Durham Works Intensive Support Programme
-
24,970
(22,153)
(2,817)
-
-
-
-
-
Big Energy Savings Network (BESN) Regional Lead
-
15,138
(10,668)
(4,470)
-
21,999
(21,915)
(84)
-
Stanley Town Council
9,333
9,333
(11,905)
(6,761)
-
-
-
-
-
PAW - Help to Claim
-
266,978
(261,678)
(5,300)
-
382,356
(366,470)
(15,886)
-
Universal Support Best Practice Lead
-
17,277
(18,659)
1,382
-
-
-
-
-
NPower
-
-
(11,674)
11,674
-
-
-
-
-
Energy Advice Project
-
29,109
(27,122)
(1,987)
-
16,500
(16,423)
(77)
-
Energy Redress
-
105,058
(110,924)
5,866
-
40,403
(39,479)
(924)
-
PCF
3,371
-
(4,003)
632
-
-
-
-
-
LCF CPF
4,587
2,237
(2,714)
(4,110)
-
-
-
-
-
Innovations Fund (BEIS)
25,333
8,333
(8,633)
(25,033)
-
-
-
-
-
SQ Award (BEIS)
-
17,000
(18,193)
1,193
-
-
-
-
-
Remote (BEIS)
-
-
(719)
719
-
-
-
-
-
NL Portal
-
52,647
(9,066)
-
43,581
71,473
(64,568)
-
50,486
Help Through Hardship
-
195,310
(181,210)
(14,100)
-
277,831
(256,970)
(20,861)
-
Cost of Living
-
-
-
-
-
156,000
(35,132)
-
120,868
Energy Cap
-
-
-
-
-
10,000
(2,407)
-
7,593
MAPS Webchat
-
-
-
-
-
37,589
(30,928)
(6,661)
-
CITIZENS ADVICE COUNTY DURHAM
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
21
Restricted funds
(Continued)
- 24 -
MAPS Regional
-
-
-
-
-
36,772
(39,280)
2,508
-
AiCD
-
-
-
-
-
-
18,896
-
18,896
63,561
2,880,733
(2,665,308)
(227,590)
51,396
2,696,660
(2,472,627)
(70,263)
205,166
CITIZENS ADVICE COUNTY DURHAM
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
21
Restricted funds
(Continued)
- 25 -

Restricted Funds

 

MAPS Debt Advice Project

MAPS Debt Advice Project is funded by the Money & Pensions Service in partnership with Citizens Advice and provides debt advice via telephone & face to face appointments. Contract ended 31st January 2023 and is replaced by MAPS Regional Debt Advice. Most recent funding has been provided for a period of 26 months from 1st February 2023 to 31st March 2025 for 5 FTE debt advisers in County Durham.

MAPS Webchat

MAPS Webchat is funded by the Money & Pension Service in partnership with Citizens Advice and provided debt advice via webchat.

MAPS DRO

The DRO unit is funded by the Money & Pensions Service in partnership with Citizens Advice and provides delivery of a centralised debt relief order (DRO) unit. The aim of the unit is to support frontline advisers nationally with the time consuming administrative processes involved in submitting a DRO. Funding for the DRO unit ended 31st January 2023 and was replaced with an unrestricted contract from 1st February 2023 to 31st January 2026.

MAPS Regional

MAPS Regional Debt Advice is funded by the Money & Pensions Service in partnership with Citizens Advice and provides debt advice via telephone and face to face appointments. Funding has been provided for a period of 26 months from 1st February 2023 to 31st March 2025 for 5 FTE debt advisers in County Durham.

Energy Advice Project

Citizens Advice awarded Citizens Advice County Durham a sub grant agreement for the Energy Advice Programme (EAP), an industry initiative funded by BEIS and through contributions from the energy suppliers Warm Home Discount obligations. The programme provides one-to-one energy and smart meter advice to 'fuel poor' and vulnerable clients who are struggling to pay their bills. Funding was granted for delivery up to 31st March 2023.

Big Energy Saving Network (BESN) Regional Lead

Citizens Advice Sub grant in relation to Big Energy Saving Network 21/22 to deliver training to 300 frontline workers and guide BESN project at a regional level from 1st July 2022 to 31st March 2023.

Big Energy Saving Network (BESN) Energy Champions

Citizens Advice Sub grant in relation to Big Energy Saving Network 21/22. Energy Champions will offer advice to vulnerable consumers to help them take action and improve their energy situation. Funded from 1st July 2022 to 31st March 2023.

PAW Help To Claim

PAW Help to Claim is funded by the Dept of Work & Pensions in partnership with Citizens Advice to provide advice to those who need help to apply for Universal Credit. Help will be tailored to the individual over the phone and web. Funding granted to 31st March 23 and a new grant agreement has been awarded to CACD from 1st April 23 to 31st March 24.

Help Through Hardship

Trussell Trust funded a helpline representing an opportunity to tackle the root causes of poverty for thousands of people. Citizens Advice sub contracted to Citizens Advice County Durham, funding up to 7.5 FTE advisers. To help people address their crisis and provide support to maximise their income, help them navigate the benefits system, and identify any additional grants they could be entitled to. If needed, they’ll issue a voucher so they can get an emergency food parcel from their local food bank. Funding agreed to 31st March 2023 and a new sub grant agreement is expected for delivery from 1st April 23.

 

CITIZENS ADVICE COUNTY DURHAM
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
21
Restricted funds
(Continued)
- 26 -

Innovations Fund (BEIS)

BEIS (Department of Business, Energy and Industrial Strategy) Innovations Fund is used to develop ideas and conduct experiments in a Local Office Citizens Advice Innovation Community ('CAIC') Working collaboratively in a CAIC group, assigned by Citizens Advice, of other local offices to develop and test ideas which look to improve access to advice.

SQ Award (BEIS)

BEIS (Department of Business, Energy and Industrial Strategy) Single Queue award was assigned by Citizens Advice to Citizens Advice County Durham to increase capacity to respond to the immediate demand for advice arising from Covid-19, enabling CACD to support the continuance and development of the single queue pilot, meeting more demand on adviceline phone, chat and emails in a way that's more sustainable.

Remote (BEIS)

BEIS (Department of Business, Energy and Industrial Strategy) Technology fund was assigned by Citizens Advice to Citizens Advice County Durham to increase capacity to respond to the immediate demand for advice arising from Covid-19, enabling CACD to invest in remote working technology to increase capacity to delivery in light of increased demand for advice across all channels caused by Covid-19.

Universal Support Best Practice Lead

Universal Support Best Practice Lead is funded by the Dept of Work and Pensions in partnership with Citizens Advice. The Job Centre Plus district lead is required to promote the service, establish and develop strong community awareness and service across the district. Funding granted to 31st March 2023.

Durham Works

Durham County Council coordinates DurhamWorks partnership to help NEET 16-24 year olds into employment. DurhamWorks is partially funded by the European Social Fund: Youth Employment Initiative until July 2021 and matched by Citizens Advice County Durham.

Durham Works Intensive Support Programme

ISP Durham Works Intensive Support Programme (ISP) is a stand-alone pilot alongside our existing Durham Works delivery. The pilot was developed and evaluated in partnership with Job Centre Plus and Durham County Council, with provision aimed at 18-24 year olds who are recently unemployed, close to the labour market and in need of a short intensive programme of support to enable re/entry into employment, including Apprenticeships.

Reaching Out Across Durham (ROAD)

Reaching out across Durham (ROAD) is a partnership led by Groundworks helping 625 people who live in County Durham and are aged 25 and over.  ROAD is funded by the Big Lottery Fund and the European Social Fund and has been extended until June 2023, and is a Building Better Opportunities (BBO) programme.

Cost of Living

Poverty Action Steering Group: Crisis Recovery Fund to provide crisis and recovery support to residents of County Durham in response to the cost of living crisis in collaboration with Durham Christian Partnership and East Durham Trust.

CITIZENS ADVICE COUNTY DURHAM
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
21
Restricted funds
(Continued)
- 27 -

AAP

Weardale Area Action partnerships funded Weardale Welfare Benefit Support to support all residents of Weardale with a range of advice. Funding awarded from 7th July 22 to 6th July 23. Further funding has been awarded for 7th July 23 to 6th July 24.

NL Portal

The National Lottery Community Fund funded RC North East and Cumbria Region Advice in County Durham project with Citizens Advice County Durham as the lead and makes disbursements to AICD partners. The project has been extended for it to run over 5 years with a new end date of 31 Jan 2027.

AiCD

The National Lottery Community Fund funded RC North East and Cumbria Region Advice in County Durham Referral Portal and Website Development project has been extended to use the remainder of the fund as General Running costs to 31st March 24.

Energy Redress

County Durham social landlord’s tenant’s project is funded by Energy Redress Round 5. The project engaged and supported vulnerable consumers that are living in social housing, providing advice and support. Social landlords, Housing Associations and members of Advice in County Durham referred into the project as well as accepting self-referrals from tenants. Project ended July 22.

 

Energy Advice - Right Place, Right Time funded by Energy Redress provides energy advice and support to vulnerable residents in County Durham. Project awarded from 1st February 23 to 31st January 25.

Energy Cap

County Durham Community Foundation funds Poverty Hurts Energy Advice to provide additional capacity to provide energy advice to vulnerable energy consumers in Durham by provided advice. The project is funded to December 23.

Stanley Town Council

Funding provided by Stanley Town Council to provide a generalist advice service located in The Venue Community Centre, Stanley.

PCF

Princes Countryside Fund funds a Teesdale rural advice home visiting service, delivering a service to residents living in rural Teesdale.

LCF CPF

Leeds Community Foundation grant programme Community Partnering Foundation. To promote awareness across County Durham of the Priority Services Register for disadvantaged and vulnerable groups

NPower

Npower funded an Energy Adviser to provide Energy Advice to people referred through the Advice in County Durham Partnership.

CITIZENS ADVICE COUNTY DURHAM
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 28 -
22
Designated funds
The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:
Balance at
1 April 2021
Resources expended
Transfers
Balance at
1 April 2022
Resources expended
Balance at
31 March 2023
£
£
£
£
£
£
Capital Fund
519,482
(22,916)
3,070
499,636
(7,958)
491,678
519,482
(22,916)
3,070
499,636
(7,958)
491,678
23
Analysis of net assets between funds
Unrestricted funds
Restricted funds
Total
Unrestricted funds
Restricted funds
Total
2023
2023
2023
2022
2022
2022
£
£
£
£
£
£
Fund balances at 31 March 2023 are represented by:
Tangible assets
582,103
-
582,103
590,061
-
590,061
Current assets/(liabilities)
1,092,136
205,166
1,297,302
1,279,983
51,396
1,331,379
Long term liabilities
-
-
-
(90,425)
-
(90,425)
1,674,239
205,166
1,879,405
1,779,619
51,396
1,831,015
24
Operating lease commitments

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2023
2022
£
£
Within one year
46,321
40,377
Between two and five years
20,500
71,318
66,821
111,695
CITIZENS ADVICE COUNTY DURHAM
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 29 -
25
Related party transactions

There were no disclosable related party transactions during the year (2022 - none).

Remuneration of key management personnel

The remuneration of key management personnel is as follows.

2023
2022
£
£
Aggregate compensation
59,475
34,247
26
Cash generated from operations
2023
2022
£
£
Surplus for the year
48,390
281,484
Adjustments for:
Investment income recognised in statement of financial activities
(34,961)
(6,487)
Depreciation and impairment of tangible fixed assets
7,958
22,916
Movements in working capital:
(Increase)/decrease in debtors
(80,111)
54,383
Increase/(decrease) in creditors
47,489
(58,628)
(Decrease)/increase in deferred income
(126,580)
56,516
Cash (absorbed by)/generated from operations
(137,815)
350,184
27
Analysis of changes in net funds
At 1 April 2022
Cash flows
At 31 March 2023
as restated
£
£
£
Cash at bank and in hand
909,260
325,999
1,235,259
Cash equivalents
616,619
(530,847)
85,772
1,525,879
(204,848)
1,321,031
Loans falling due within one year
(11,569)
11,569
-
Loans falling due after more than one year
(90,425)
90,425
-
1,423,885
(102,854)
1,321,031
2023-03-312022-04-01falseCCH SoftwareiXBRL Review & Tag 2022.2083572792022-04-012023-03-3108357279bus:Director12022-04-012023-03-3108357279bus:Director32022-04-012023-03-3108357279bus:Director42022-04-012023-03-3108357279bus:Director62022-04-012023-03-3108357279bus:Director72022-04-012023-03-3108357279bus:Director82022-04-012023-03-3108357279bus:Director92022-04-012023-03-3108357279bus:Director122022-04-012023-03-3108357279bus:Director132022-04-012023-03-3108357279bus:Director22022-04-012023-03-3108357279bus:Director52022-04-012023-03-3108357279bus:Director102022-04-012023-03-3108357279bus:Director112022-04-012023-03-31083572792023-03-31083572792022-03-31083572792021-04-012022-03-3108357279bus:FRS1022022-04-012023-03-3108357279bus:Audited2022-04-012023-03-3108357279bus:FullAccounts2022-04-012023-03-31xbrli:purexbrli:sharesiso4217:GBP