Charity registration number 10152161England and Wales)
Company registration number 02761115
COVENTRY INDEPENDENT ADVICE SERVICE LIMITED
TRUSTEES REPORT
FOR THE YEAR ENDED 31 MARCH 2025

COVENTRY INDEPENDENT ADVICE SERVICE
REPORT OF THE TRUSTEES/DIREcfoRS
FOR THE YEAR ENDED 31# March 2025
The trustees, who are also directors of the charity for the purpose of the Companies Act 2006,
present their report along with the financial statements of the Charity for the year ended 31, March
2025.
The Trustees have adopted the provisions of the Statement of Recommended Practice ISORPI
'Accounting and Reporting by Charities, in preparing the annual report and financial statements of
the charity.
Chair's introduction
l am delighted to present this year's Trustees Annual Report for Coventry Independent Advice
Service.
Overthe past year, our team of dedicated staff and volunteers has continued to provide vital
support to people across the city, often at moments of real diff iculty and uncertainty in their lives.
Demand for advice and support has remained high, with many facing increasing financial pressures,
cost of living concerns, and challenges in navigating complex systems. Despite these pressures, our
servlce has helped many indlvlduals and families to secure their rlghts, Improve their circumstances,
and regain a sense of stability.
l am especlally proud of the way our organisatlon has adapted following a sudden loss of funding
mid-way through the year. The huge shock of Coventry City Council cuts forced dramatlc change. But
whether through innovative outreach work, strengthening partnershlps across Coventry, or ensuring
that our advice remains accessible and hi8h-quality, we have shown resilience and commitment. The
positlve outcomes we see for our cllents are a testament not only to the skill and dedication of our
team, but also to the value of havin8 an independent advice service rooted in the community.
Looking ahead, we know that the challenges will not diminish. Rising living costs and ongoing social
and economic pressures mean that our work wlll continue to be essential. Our focus will be on
sustaining and developing the service so that everyone who needs advice and advocacy in Coventry
and surrounding areas can find it. With the continued support of our funders, partners, volunteers,
and staff, l am confident we are well placed to meet the future with determination and hope.
On behalf of the Board, I want to extend my heartfelt thanks to everyone who has contributed to
our success over the past year. Together, we are making a real difference in people's lives and
strengthening our communitie5.
Strurture, Governance and Management
Coventry Independent Advice Service ICIAS) is a charitable company. The Memorandum of
Association establishes the objects and powers of the charitable company which is governed by the
Articles of Association. In the event of the company being wound up, members are required to
contribute an amount not exceeding £1.

Charity trustees are the people who share ultimate responsibility for governing the charity and
directing how it is managed and run. During the past year the trustees have been meeting every 1-2
months to review performance and budgets as well as overseeing the broad strategy of CIAS.
CIAS operates in accordance with documented policies and procedures which are designed to ensure
that these re5pon5ibilities are fully met. Day to day management of activities is delegated to the
Chief Executive Off icer ICEOI who reports directly to the trustee board.
Recruitment and a
ointment of directors
The trustees are appointed by ordinary resolutlon or by a decision of the existing trustees. Under the
Articles of Association, one third of the directors are required to retire by rotation at each Annual
General Meetin8 at which time they may seek re-election. Trustees who have served a total of nine
years on the board must stand down for a period of not less than one year.
CIAS has a recruitment process for new trustee5 which includes a written application form followed
by an initial meetin8 With the Chair and CEO. Trustee vacancies are advertised on the CIAS website
and promoted through Voluntary Action Coventry, social media accounts and national advertisin8
where appropriate. Officer roles may also be advert15ed on recruitment websites.
The induction process for new trustees comprises further meetings with the Chalr andlor CEO and
attendance at a trustee meeting as an observer. New trustees are given access to previous board
papers, recent accounts and annual reports, the Memorandum and Articles of Association, and
Charity Commission Guidance ICC31. New trustees also complete an NCVO e-learning module
coverin8 the roles and duties of trustees.
Risk Mana
emen
CIAS annually reviews its risk re8i5ter to ensure strategic, business, and operatlonal rlsks are
covered. CIAS has detailed Health and Safety, Risk Management and Safeguarding policies as well as
other policies to ensure that risks are identified and managed. Public and professional liability
insurance is held at a level recommended by our membership body, AdviceUK, along with
appropriate levels of insurance against other identifled rlsks such as trustee indemnlty and theft.
Access to 24/7 human resources and health and safety support has been provided through a paid
subscription to Croner HR. This support helps reduce exposure to risk in these key areas. The
subscription also includes an Employee Assistance Programme aimed at promoting and supporting
wellbeing. Governance support, through membership of professional bodies including AdviceUK and
NCVO, is also in place.
Information Assurance and Data Protection
CIAS has policies to effectively manage compliance with the General Data Protection Regulations
IGDPRI which are reviewed and updated regularly. All staff receive GDPR training relevant to their
A resolution at the 2024 AGM suspended the normal trustee retirement process for one year to ensure that
the board remained functional and aligned with the charity's objectlves, while safeguardin8 good governance
processes, durin8 a period of unforeseen financial challenges.
2 Coventry Independent Advice Service at htt
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-uk
NCVO E-learning 'Roles and Duties of Tru5tee5' at htt
bookin
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trainin
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role. Robust processes are in place to ensure that IT systems are secure and comply with recognised
cyber security standards. These systems are supported by an external IT professional.
The secure Microsoft 365 cloud-ba5ed environment is used for day-to-day operations and the online
case management system, AdvicePro, is used to secure all client information and case files. Both
systems are fully assured and compliant with international data security standards. The Microsoft
365 system was upgraded in 2021 to take advantage of enhanced security and protection options as
more people were regularly working from home. Client data held in AdvicePro is securely stored in
the UK within a robust, secure operations centre compliant wlth Information Security Code of
Practice IS027001, and automatically backed up daily.
E ualit
and Diversi
CIAS recognises that a diverse board brings a wider range of perspectives and improves critical
evaluation. A board that reflects the communities we serve can enhance our le8ltimacy and ability to
connect with and serve our beneficiaries. We use open recruitment methods fortrustees to help
broaden the pool of candldates.
CIAS trustees answered the call from ACEVO to sign up to eight principles to address the diver5itv
deficit in the charity sector and to create an action plan. We are open to feedback on how we might
take further steps towards increasln8 our reach.
Liabilities
CIAS main liabilities are for staffing costs, including pensions. Slnce losing our main source of core
funding from Coventry City Council, we have strived to reduce our long-term liabillties. Most of our
service contracts are on a monthly rolllng basis, including our current premises costs. Appropriate
insurance is maintalned to cover all identlfied liabilities and we have a reserves policy In place to
ensure adequate protection {see under'Financial Review, below}.
Trustees, res
onsibllities In relation to the flnancial statements
The law applicable to charities in England and Wales requires the trustees to prepare financial
statements for each financial year, which give a true and fair view of the charity's financial activities
during the year and of its financial position at the end of the year. In preparing financial statements
giving a true and fair view, the trustees should follow best practice and..
Select suitable accounting policies and then apply them consistently.
Make judgements and estimates that are reasonable and prudent.
State whether applicable accounting standards and statements of recommended prattice
have been followed, subject to any departures disclosed and explained in the financial
statements.
Prepare the financial statements on the 80ing concern basis unless it is inappropriate to
presume that the charity will continue in business.
The trustees are responsible for keeping accounting records which disclose wlth reasonable accuracy
the financial position of the charity and enable them to ascertain the financial position of the charity,
and which enable them to ensure that the financial statements comply with the Companies Act
' ACEVO at htt
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-deficit-in-charit -leader5hi

2006. The trustees are responsible for safeguarding the assets of the charity and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
Public Benefit Statement
In setting objectives and planning activities the trustees have complied with the requirements of
section 17 of the Charities Act 2011 by giving due consideration to the Charity Commission's public
benefit guidance. In pa rticular, the Trustees consider how planned activities will contribute to the
aims and objectives set.
Objective5 and Activities
CIAS charitable objectives are to promote any charitable purpose for the public benefit of
communities in Coventry and the surrounding areas, predominantly by providing informatlon,
advice, public legal education, and other support to relieve poverty and hardship, reduce inequality
and improve quality of life.
CIAS core actlvlties focus on the provislon of advlce and casework on welfare benef its and debt plus
general advice and casework on other social welfare issues. Business planning and strategic
development keeps these core attivities at heart with the aim of focusing work on the most
disadvantaged and financially excluded sections of local communities. The services offered are free,
confidential and independent.
The range of specific activities focus on helping indlviduals and families to Identify and claim
benefits, to challenge benefit decisions, to advise on strategies for dealing with problem debt, to
negotlate with creditors and to provide informatlon and support on a range of other social welfare
issues.
The service model is focused on reaching people where they live, in their own neighbourhoods, and
in areas of greatest need. Advice services are delivered usin8 a mix of face-to-face work In
community venues across and remote delivery via telephone and an online enquiry portal, CIAS
recognises that its 'USP' is advice in communities and that remains the key focus of dellvery.
In addition, we have developed a significant digital inclusion offer enabled through our ongoing
volunteer programme. This activity focuses on one-to-one sessions in public libraries across
Coventry, assisting people to get online, perform everyday tasks which are increasingly 'di8ital flrst,
and to improve their soclal interaction with friends and famllies.
Over the past year a range of actlvities have been undertaken to help meet the charitable objectives,
including:
Working closely with community partners to ensure that our'in person, services are
targeted on those who need them most.
Focusing on 'early help, and working with partners to help meet community need for advice
and information before problems reach crisis point.
Recruiting and supporting more volunteers to help increase service capacity in response to
rising demand.
Developing targeted advice clinics around Personal Independence Payment IPIPI, utilising
our own staff and trained students from Warwick University, to address an identified need
within Coventry for help with claim forms and challenging decisions.

Delivering a debt advice and casework service as part of a local Health Justice Partnership
IHJP) alongside Central England Law Centre, Citizens Advice, Coventry University and local
health professionals.
Developing a new service offering online and telephone-based support to the foodbank
network in Stratford Upon Avon.
U ndertaking new activity within communities focused on addressing digital exclusion,
including links with Coventry City Council's '#CovConnects' initiative to extend availability of
IT and support end users to access essential online services,
Developing our volunteer offer to include NVQ qualifications in Advice and Guidance
alongside further support with their personal and professional development.
Working with statutory and voluntary sector partners to produce resources in response to
the continuing cost-of-livin8 crisis and to help address wider poverty and inequality issues.
Membership of the Health Determinants Research Collaboration IHDRCI in Coventry. This is
a collaboration with the University of Warwick, Coventry University, University College
London, University Hospitals Coventry and Warwickshire NHS Trust, the voluntary sector and
local communities. The HDRC aims to establish a research infrastructure to reduce health
inequalities and improve the health of Coventry residents,
Part of the Marmot Partnership which brings together partners from the voluntary,
commu nity and social enterprise sectors, statutory services, universlties, health, emergency
services, and the cou ncil, focu55ed on reducin8 health inequalities by working together on
the Marmot Principles
Maintaining and developing accessible advlce and information for communities via
telephone, email, and online enquiry.
Maximising the Income of indlvlduals and famllles through increased benefit take-up and
support with problem debt.
Maintalning and further developing a public website, Including video advlce resources and
an enhanced 'self-help' section to enable people to flnd other sources of help locally and
nationally.
Working with students on the Public Le8al Education module at the University of Warwick
Law School, including an internship, to further enhance our public facing offer.
Seekin8 Opportunities to help enhance seNice offer and demonstratin8 a good return on
investment for funders.
Helping address poverty and Inequallty by increaslng the take-up of benefits and by offering
debt advice and casework.
Playing a part in the life of the city throu8h engagement with local initiatives, pollcy work
and campaigns.
Financial review
Trustees agree a budget each year and a quarterly monitoring report is prepared by the treasurer. A
detailed cashflow forecast is updated monthly.
The CEO and finance assistant deal with day-to-day flnancial matters In accordance with well
established procedures. CIAS uses the Xero financial software package which allows trustee officers,
the CEO and the financial administrator to carry out their respective roles in a hybrid working
environment.
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Goin
concern statement
The Trustees have assessed the charity's financial position and are satisfied that it is a going concern.
We have therefore adopted the going concern basis of accounting in preparing the financial
statements. The following information summarises the assessment made by the Trustees.
Following the unforeseen loss of our core grant from Coventry City Council in October 2024, trustees
undertook an immediate and comprehensive review of the charity's financial sustainability. This
review identified a combination of cost-saving measures including strategic realignments and
redoubled efforts to secure alternative funding. To allow the charity to continue to operate, the
review also sadly resu Ited in the compulsory redundancies of three full-time advisers in January
2025.
Trustees acknowled8e that the charity faces material uncertaintie5 inherent to the charity's reliance
on external funding. However, based on the steps taken and the current assessment of available
resources, the trustees are conf ident that the charity will remain operational throughout the next 12
months for the following reasons:
Exlstln8 contracts: The charlty secured new contracts and seNlce level agreements with
Cadent Gas, Stratford Foodbanks, the local Health Justice Partnership and with the Monev
Advice and Pensions Service. These are due to explre at various polnts within the 12-month
assessment period. but the charity anticipates that some of these agreements will be
renewed. The outcome of these processes and the exact timing of the related funding
cannot be guaranteed but the Trustees have mitl8ated this risk by preparing contingency
plans.
Antlclpated new funding: The Trustees have considered the charity's plpeline of new
funding and grant applications. Thls Includes confirmation that a substantial bid to the
National Lottery Reaching Communities fund has been pro8ressed to the second sta8e alon8
with positive feedback on applications.
5cenarlo analysis: Cash flow forecasts have been prepared and reviewed, which indicate
that the charity can meet its liabilities as they fall due. A reseNes policy is in place and is
kept under review Isee below). The charity has no outstanding debts and maintains a focus
on reducing Costs where possible. Forecasts have been stress-tested for different scenarios,
including potentlal delays in funding declsions, and demonstrate that the charity has
suff icient resources to respond to challen8es.
The Trustees will continue to closely monitor the charity's financial posltion and take approprlate
actions as needed to address emer8ing challenges, ensurin8 that the charity remains focused on
delivering its mission and objectives.
Reserves
olic
The trustees have set a reserves policy that requires reseNes to be maintained at a level which
ensures that core activity could continue during a period of unforeseen difficulty and that a
proportion of reserves be maintained in a readily realisable form. The reserves policy is calculated
and reviewed annually by the trustees.
The intention of the policy is to cover liabilities including provision for redundancies, prem ises and
other contrattual costs, a reasonable level of urgent contingencies and the realistic costs that may
be incurred if the charity were to be wound-up.

The trustees assess the required level of reserves on an annual basis, alongside the operating
budget. The assessment takes account of the income and expenditure risk within the budget and the
need to keep sufficient bank balances to be able to manage the day-to-day fluctuations of receipts
and payments. Any significant changes in activities or financial obligations that could affect the level
of reserves is closely monitored.
Based on risk analysis, unrestricted reserves equivalent to at least three months operating costs
were agreed to be necessary (representing approximately £75,000 for 2025/261. Unrestricted
reserves on 31, March 2025 were £119,295). Of this, we have designated £32,74012025/26) to
cover potential redundancy costs if the charity needed to close.
Income and ex
enditure
Overall income reduced to £350,540 in 2024/251£506,829 in 20231241, mainly due to the loss of
fundin8 from Coventry Clty Council following a competitive tenderin8 process for advice services in
the city. The competitive tendering process was completed in a short timescale, with little notice,
and there was no transltional funding available or any period of adjustment.
A three-year grant from the National Lottery continues to 5UPPOrt our Volunteer Programme but this
Is due to end in December 2025 (after being rescheduled following the loss of our council grant). We
have recently learned that a new application to the National Lottery has been approved at stage one
and now progresses to the second stage of the process, which is encouraging. The existing grant has
helped to enhance our service capacity as well as providing continued financial securitv.
We successfully gained new funding from Cadent Gas and through the Stratford Foodbank network.
This, alongside other project specific fundin8 and smaller unrestricted grants, has enabled us to
continue to deliver core services to our communitles.
Staff costs represented around 85% of our total charitable expenditure in 2024125. Following the
loss of our main source of funding we implemented several cost saving measures, the most
sSgnificant of which was a process to make some staff redundant. This enabled the charity to
continue to operate, albeit at reduced capacity, in line with available resources
The need to diversify funding streams Is recognised by trustees as critical to safeguarding the
charity's future and building capacity to meet ever increasing demand from beneficiaries. This will
continue to be our focus of activity in the coming months.
Investment Polic
and Performance
CIAS continues to hold a current account with Unity Trust, an independent bank commltted to
supporting socially minded organisations across the UK. The charity no longer holds any
investments. and all cash is held in the current account.
Finding a reasonable return on investment is still a major problem for the charity sector. Investments
are regularly reviewed but, due to unattractive interest rates and the need to keep a level of
reserves relatively liquid, potential income from investments 15 limited.
Acknowled
ements
Trustees would like to thank all the organisations and individuals who have supported their work in
the past year, specifically:

The National Lottery Community Fund-for their continued support of our volunteer
programme and for their flexibility in adjusting grant payments to help us navigate
challenging financial circumstances.
Cadent Gas- who stepped in to support our core advice service in Coventry at a time of
uncertainty and who have shown a commitment to working with us in the longer term.
Stratford Foodbanks- who contracted with us to provide a remote service to their users and
who have demonstrated their support by extension of the contract.
Warwick Law School- with whom we have maintained an excellent working relationship
and who have endeavoured to unlock additional partnership opportunities.
Money Advice and Pensions Service- who have funded a Debt Modernisation Project to
help develop an Al tool and other resources to better support our beneficiaries.
Coventry City Council- although our core funding from the council was withdrawn on I,
October 2024, following a competitive tender process, we would like to thank them for their
support over the last 30 years.
Individual donors~ A small number of people who regularly donate In support of the
charities work or who make one-off donations. The trustees are extremely grateful to every
one of you.
Review of the Year
Our strongest indicators of success are the outcomes we help achieve for our clients, their families
and for our city. These stories of chan8e provide greater evidence of our impact than simple outputs
and help demonstrate progress in tacklin8 poverty and inequality within Coventry and the
surrounding area.
A summary of our outputs for the 2024125 financlal year include:
We helped put over £3.5 mllllon into the pockets of local people in the form of beneflt
entitlements, debts managed or written off, charitable payments and other financial gains.
We estimate this is worth at least £5 milllon to the local economy as this money circulates
rather than being saved or taken out of the city. In turn, this additional money helps to
create local jobs and services.
Our two main enquiry areas continue to be welfare benefits and welfare rl8hts {74% of new
files opened) and debt/money guidance issue5 {13%1. This breakdown has remained
consistent for many years. However, many clients have multiple complex issues and so there
is inevitable overlap between enquiry categories.
We opened 1530 new cases for 1211 individuals and families and had over 6300 dlrect
engagements with our beneficiaries.
We closed 1709 files as work was concluded, and an outcome recorded.
63tyh of cases closed resulted in a positive financial outcome.
Our advisers completed nearly 9800 packages of work, includlng Intervlews, research
casework, phone calls and other actions on behalf of our beneficiaries.
23% of clients told us they had a disability or a long-term illne5S.
58% of our clients are female.
46% of our client5 identified an ethnlc origin other than White 8ritlsh. Thi5 include5 20%
from an Asian or British Asian background and 13% from a Black or Black British background.
48% of our clients were over the age of 50, with 17% over the age of 65. By contrast, only
9% were under the age of 25.

Our public website was viewed 16600 times by 7400 visitors. Approximately 7000 users had
not visited our website before.
87% of people visiting our website have come to us directly or specifically searched for our
service. 71% of visitors to our website are using a mobile device.
The financial gains we have helped achieved for clients helps demonstrate the real value of our
service to our clients, to the city and to our funders. Increased income and reduced indebtedness
can be life-changing, having a positive impact on health and wellbeing as well as providing increased
financial security and stability,
Our social return on investment cannot be understated. We estimate this year that our work is
worth around £5 million to the city economy. We base this estimate on the local economic multiplier
model which recogni5es that people on lower incomes tend to spend their money locally, which in
turn creates jobs and wealth for local businesses and other seNices. Additionally, financial security
reduces pressure on health services and other soclal provision.
Staffln
A review of the past year would be incomplete without acknowledging our dedicated staff team. The
last half of the 2024125 financial year was the most diff icult in the history of our charity. Losing our
core funding Wlth only a few weeks, notlce out an incredible strain on all our staff and trustees. As
Christmas approached, we were starting a redundancy consultation process which eventually
resulted in us losin8 three full-time staff including our longest serving adviser, Magdelana Kolinska.
None of our staff wanted to leave us, and they all understood the pressure the charlty was under to
cuts costs to survive. At one point, because of the uncertainty, we nearly lost all our advice team as
they had understandably started applying for alternative employment. While we could not retain all
of them, the 5UPPOrt from Cadent Gas and Stratford Foodbanks helped us to keep a core staff team
in employment. Some of these staff had Secured work elsewhere but rescinded those offers to stav
with us. That level of commitment and dedication to our charity speaks volumes as to the value of
our work and the culture we have maintained.
We are pleased to say that the staff who left us have all gone on to thrive in their new job5, including
Magdalena who is now working at a senior level within Citizens Advice.
Information advice and su
ort
Advice is a powerful empowerment tool. We don't just 'do things, for clients, we work alongside
them. For instance, when helping with a PIP claim, advisers explain ellgibility criteria, necessary
evidence, and how to prepare for assessments. In debt cases, clients are guided through budgeting,
credltor negotiation, and debt management options, helping to build long-term financial confidence.
This hands-on approach helps people understand their rights and responsibilities, equipping them to
advocate for themselves. Clients report increased confidence in dealing with future challenges and
reduced anxiety about their financial situations. By demystifying complex systems, we help turn
feelings of helplessness Into knowledge and action.
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We hold the Advice Quality Standardlo at the Advice with Casework level in Welfare Benefits and
Debt advice. The board recognises the value of continuing to hold AQS as it gives confidence to
clients, stakeholders, and funders that hiEh standards of Servi￿ and quality of advice are in place.
Our next assessment is due in April 2026.
We currently offer a mix of face-to-fa￿, phone and digital support, with clients increasinglv
choosing to use our new WhatsApp service and preferring some digital contact and text messaging.
The loss of council funding and staff redundancies meant that we had to reduce our advertised
service offer midway through the financial year. We now offer drop-in and appointments sessions in
Tile Hill and Holbrooks and recently started an appointment session in Binley.
We are a150 running a Personal Independence Payment IPIPI Clinic. in partnership with Warwick Law
School, at Foleshill Community Centre following a successfu I pilot at Holbrooks Community Centre.
We have helped 169 unique clients to date, supporting people with new PIP claims, reviews, and
appeals. We have found that clients are grateful to see an adviser face to face to discuss their issues.
They are often anxious and feel overwhelmed by the process. We help to reassure them and help
them to feel more confident about their PIP journey.
PIP and healthldisability related issues continue to be the biggest part of our work. It is a concernin8
time for sick and disabled people, considering the government's announcement earlier thls year
re8ardinB reforms to benefits which could result in cuts for many. Although there was a change to
the proposed PIP '4-point rule,, the review into how PIP will be reformed (the Timms Review), and
about the test to replace the current Work Capability Assessment for Universal Credit IUC) when the
WCA is scrapped, is not expected until Autumn 2026.
Universal Credit mlgratlon Is nearing the end of Its roll out, wlth Employment and Support Allowance
IESAI to UC migration nearing completion. Thls Is one of the tricklest client groups to migrate and
CIAS is approached weekly for help with UC migration. While we do help clients we are already
working With, we do not have capacity to help everyone that contacts us. The Government fund
Citizen's Advice 'Help to Claim SeNice' to help clients migrate to UC but this is only via telephone.
This doesn't work for many of the clients we speak to who prefer face to face advice. DWP visiting
officer5 are lin theory) able to help clients claim, although anecdotally they do little more than visit
to ensure the client knows they need to call to make the claim, It remains to be seen how many
people on ESA may slip through the net.
Our project with Stratford Foodbanks has been extended until March 2026. Two of our advisers,
Denis and Selena, provide fortni8htly advice at The Fred Winter Centre and Denis provldes support
at an evening session once a fortnight. There have been some challenges with the quality of referrals
and clients have sometimes been hard to contact and engage with. We hope to see improvement in
this, following our recent training for all foodbank volunteers.
Our project with Coventry Law Centre's Health Justice Partnership has also been extended and we
continue to support clients referred to us for debt advice. The Health Justice Partnership works
across one of the Primary Care Networks in the city and allows GPS to make direct referrals for
people whose health problems are often related to, or made worse by, financial difficulty.
We have taken on 10 Warwick Law Student volunteers who will be supporting our PIP Clinic and our
Holbrooks and Tile H ill outreach for two terms, helping them gain valuable experience and helping
us deliver more support to Coventry residents. This will allow us to continue the work we started
over the summer, when our intern from Warwick Law School helped clients with council tax
JO Advice Quality Standard, at htt
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ualit -standard
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discounts and exemptions, signing up to the Priority Service Register, charity grant support, Big
Difference Scheme applications, Blue Badge applications and other support.
For such a small staff team, supported by a handful of dedicated volunteers, the Board is proud of
the charity's achievements for individuals and families in Coventry. CIAS is very much embedded in
the life of the city and initiatives to tackle poverty and exclusion.
The trustees would like to thank Diane, our Advice Service Manager, along with the advice team for
their continued commitment and hard work on behalf of the charity and our beneficiaries.
Volunteer
ro
ramme and Communit Di
ital
The second year of our volunteer programme funded by the Natlonal Lottery Community Fund has
brought growth and diversity in our volunteers and opportunities to support local people. We have
seen a marked increase in volunteer numbers, noting the increase in volunteers who are seeking
support to develop essential work skills and an increase in the number of volunteers holding de8rees
and post graduate qualifications.
The project continues to focus on disadvantaged communities across the clty of Coventry, with the
Community Digital project expanding to two new locations and growth from monthly to weekly
sesslons in addition to targeted sessions with local community 8roups. This preventative and
empowering work has focused on givin8 people essential digltal skills to navigate information,
services and access education and work opportunities. Participants have reported that they have
learnt a wide range of skills from basic computer use, email, CV writing, and Excel to online safetv
and using 8overnment services. Some participants reported getting jobs, help with benefits, and
Increased confidence,
Our partnership with community libraries and funding from the Good Things Foundation has
enabled us to develop the project. Through the Coventry City Council #Covconnects device bank we
have been able to tackle di8ital exclusion by giving people a range of device5 from Chromebooks to
Echo devices and SIM cards through the National Databank.
Our volunteers continue to provide valuable 5UPPOrt to our core service, saving valuable adviser
time through form filling, money advice support and grants support, and facllitatlng more support
for our clients, development of skills, confidence and expertise in our volunteers and our ability to
add value to our services through their knowled8e about neighbourhoods and cultures.
Volunteers tell us that they are more confident, volunteering wlth us has inspired their career and
educational plans, they have learnt digital skills, communications skills, advice and guidance skills
and teamwork. We received thanks for our clear communication, flexible schedulin8 and welcoming
environment.
As one volunteer sald, "I have helped improve people's quallty of life while learning how to complete
applications, it makes me feel amazing."
Along with offering a NVQ qualifications in Advice and Guidance, our volunteers receive training on
communication skills, health and safety, safeguarding, diversity and inclusion and data protection.
The project has developed the ethos that everyone can contribute, and we are seen locally as an
organisation that can provide volunteering opportunities to people who may be perceived as
furthest away from the jobs market, providing coaching and mentoring to help volunteers move
forward with their lives.
12

We are looking forward to expanding our volunteer programme, providing more structured coaching
and mentoring for volunteers and working closely with our third sector partners to drive
improvements in volunteering across the city and sharing of best practice. We hope to increase our
ability to empower more local people through our Community Digital project and to train more
volunteers to support our core service.
The trustees would like to thank Daksha, our Volunteer Programme Manager, along with our current
and former volunteers, for their dedication and commitment to our charity. We recognise that you
give your time for f￿e, and your support Is invaluable.
Looklng forward
As stated in the finance section above, we are working with regularly updated cashflow forecasts
and adapting service delivery based on new income streams. These include our core work in
Coventry supported by Cadent Gas and other smaller pots of money, our project supporting
Foodbanks in Stratford Upon Avon, our disability-advice clinics alongside students from Warwick Law
School, the Health Justice Partnership and our Debt Modernlsatlon Project supported by the Money
and Pensions SeNice.
Our key priorities are now:
To consolidate our existing services as far as possible and retain valuable, hl8hly skilled, staff
within the advice sector.
To redouble our fundraising efforts and seek diversification of income to help secure the
future of our charitv.
To seek additional partnerships and other opportunities to share the costs of seNice
delivery.
To continue to build our volunteerlng activity and digital inclusion work. Thls Includes
training and development activity to support our core advice work.
Continuin8 to support our staff and volunteer wellbeing, including work towards the West
Midlands Combined Authority'Thrive at Work, Bronze award,
li
To work on a sustainable succession strategy. We know there is a national shortage of
experienced advisers and our CEO continues to work with colleagues across the UK on the
development of initiatives to tackle this national challenge as well as looking internally,
Trustees and our CEO are committed to remain focused on our mission and objectives, and to
pursue all opportunltles that wlll continue to help us meet the needs of our beneficiaries.
th
The annual report was approved by the trustees of the charity on 28 November 2025 and signed on
its behalf by:
Damon Swindell
Director & Chair of CIAS Trustee Board
11 Thrive at Work: About the programme, at htt
work
about-the-
ro
ramme
www.wmca.or .
what-we-do
thrive
thrive-at-
13

Charfty registration number 1015216 (England and Wales)
Company registration number 02761115
COVENTRY INDEPENDENT ADVICE SERVICE LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

COVENTRY INDEPENDENT ADVICE SERVICE LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Chairperson
Damon Swindell
Trustees
Cllr Rachel Lancaster
Isabelle Osbourne
Mark Monaghan
Damon Swindell
Zainib Hus5ain
Secretary
Alan Markey
Charity number
1015216
Company numbor
02761115
Prlnclpal addres8
Norton House
Bird Street
Coventry
CV15FX
ReglsteTed office
Norton House
Bird Street
Coventry
CV1 SFX
Independont examiner
Amanda Asbury
16 Emily Allen Road
Whilmore Park
Coventry
CV6 2PN

COVENTRY INDEPENDENT ADVICE SERVICE LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Bankers
Unity Trust
Nine Brindley Place
4 Ooze115 Square
Birmingham
B12H8
Redwood Bank
The Nexus Building
Broadway
Letchworth Garden City
SC6 3TA
Cambridge and Counties Bank
Charnwood Court
5B New Walk
Leicester
LE16TE

COVENTRY INDEPENDENT ADVICE SERVICE LIMITED
CONTENTS
Page
Independent examiner's report
Statement of finan¢ial activities
Balance sheet
Notes lo the financial statements
4-16

COVENTRY INDEPENDENT ADVICE SERVICE LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF COVENTRY INDEPENDENT ADVICE SERVICE LIMITED
I report to the trustees on my examination of the financial 5tatemenls of Coventry Independent Advice SeNice
Limited (the charity) for the year ended 31 March 2025.
Responsibilities and basis of report
As the trustees of the charity land also its directors for Ihe purposes of company lawl, you are responsible for
the preparation of the financial slalemenls in accordance with the requirements of the Companies Act 2006.
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16
of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination
of the ¢harily's financial statements carried out under section 145 of Ihe Charities Act 2011. In carrying out my
examination I have followed the Directions given by the Charity Commission under section 14515)Ib) of the
Charities Act 2011.
Independent examinerfs statsment
Since the charity's gross income exceeded £250,000. the independent examiner must be a member of a body
listed in section 145 of the Charities Act 2011. 1 confirm that l am qualified to undertake the examination
because l am a member of Association of Accounting Technicians, which is onè of the listed bodies.
I have completed my examination. I confirm that no matters have come lo my attention in connection with Ihe
examination giving me cause lo believe thal in any material respect..
ac¢ounling record5 were not kept in respect of the charity as required by section 386 of the Companies
Act 2006.
the financial statements do not accord wlth those records., or
the financial slalemenls do not comply with the accounting requirements of section 396 of the Companies
Act 2006 other than any requirement that the financial slalemenls give a true and fair view, which is not
matter considered as part of an independent examination., or
the financial slalements have not been prepared in accordance wilh the methods and principles of the
Statement of Recommended Praclice for arKounting and reporting by ¢harities applicable to charities
preparing iheir financial statements in accordance with the Financial Reporting Standard 8pplicable in the
UK and Republic of Ireland (FRS 102).
I have no concern5 and have come across no other matters in conne¢lion with the examination lo which
attention should be drawn in this report in order to enable a proper underslanding of the financia5 statements lo
be reached.
Amanda Asbury FCCA
16 Emily Allen Road
Whitmore Park
Coventry
CV6 2PN
Dated.. .Dec.3.2a2S..

COVENTRY INDEPENDENT ADVICE SERVICE LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted Restricted
funds
funds
2025
2025
Total Unrestricted Restricted
funds
funds
2024
2024
Total
2025
2024
Notes
Income from:
Donations and legacies
Other trading activities
Investments
209,630
140,133
349,763
326,642
50,068
952
129,167
455,809
50,068
952
777
777
Total Income
210.407
140,133
350.540
377,662
129,167
506,829
Expenditurn on:
harilable activities
Advice service
266,872
109,101
375,973
337,133
113,430
450,563
Total expenditure
266,872
109,101
375.973
337,133
113,430
450,563
Net Incomellexpendlturo)
(56,465)
31,032
(25,433)
40,529
15,737
56,266
Transfers between
funds
22,817
<22.817)
Net movement In
funds
(56,465)
31,032
(25.433)
63.346
(7.080)
56,266
Reconclliatlon of funds:
Fund balances at 1 April 2024
175,760
(7,080)
168,680
112,414
112,414
Fund balances at 31 March
2025
119,295
23,952
143,247
175,760
{7,080)
168,680
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.

COVENTRY INDEPENDENT ADVICE SERVICE LIMITED
BALANCE SHEET
AS Af31 MARCH 2025
2025
2024
Natss
Fixed assets
Tangible assets
12
1,082
2.054
Current assets
Debtors
Cash at bank and in hand
13
2,491
176,662
149,085
149,085
179,153
Credltor8: amounts falling due within
one year
14
(6,920)
(12,527)
Not current assets
142,165
166,626
Total assets less current Ilabllltle•
143,247
168.680
The funds of the Charity
Restricted income funds
Unrestricted funds
16
23,952
119,295
(7,080)
175,760
143,247
168.680
The company is entitled to the exemption from the audit requiremenl contained in section 477 of the Companies Act
2006, for the year ended 31 MarGh 2025.
The director acknowledges her responsibilities for complying with the requirements of Ihe Companies Acl 2006 wrth
resped to a¢counling records and the preparation of financial statements.
The members have not required the company to obtain an audil of its financial statements for the year in question in
accordance with s8ction 476.
These financial statements have bèen prepared in accordance wilh Ihe provisions applicable to companies subject
to the small Gompanies regime.
The financial statements were approved by the trustees on
Dec 2, 2025
Damon Swindell
Trustee
Company registration number 02761115 (England and Wales)

COVENTRY INDEPENDENT ADVICE SERVICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng policle8
Charity information
Coventry Independent Advice Service Limited is a private company limited by guarantee incorporaled in
England and Wales. The regislered office is Norton House, Bird Slreel, Coventry, CV15FX.
The charity is limited by guarantee, incorporaled in England and Wales, and consequently does not have
share capital. Each of the trustees are liable to contribute an amount not exceeding £1 towards the assets of
the charity in the event of liquidation.
1.1 Accountlng conventSon
The financial statements have been prepared in accordance wilh the Charty's governing document, the
Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in Ihe UK and Republic of
Ireland" and Ihe Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended
Practice applicable to charitiès preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 1021" The Gharity is a Public Benefit Entity as defined by
FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not lo prepare a statement of
cash flows.
The financial statements are prepared in sterling, which is the functional ¢urr8ncy of the charity. Monelary
amounts in these financial statements are rounded lo the nearest £.
The financial statements have been prepared under the hislorical cost convention, [modified lo include the
revaluation of freehold properties and lo include investment properties and certain financial instruments al fair
valuel. The principal accounting policies adopted are set out below.
1.2 Golng concem
Al the lime of approving the financial statements, the Irustees have a reasonable expectation that the charity
has adequate resources lo continue in operational existence for the foreseeable future. Thus the trustees
continue lo adopt the going concern basis of accounting in preparing the financial slalemenls. With regard to
after 31st March 2025, the most significant area of uncertainty of the Charity is the level of grants to be
received from Coventry City Council, which al the balance sheel has not been agreed beyond 3191 March
2025.
1.3 Charitable funds
Unreslricled funds are available for use at the discrelion of the trustees in furtherance of their charitable
objectives.
Restricted funds are subject to specific conditions by donors or grantors 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.
1A Income
Income is recognised when the charity is legally entilled to it after any performance conditions have been met,
the amounts can be measured reliably.
Cash donations are recognised on re￿ipl. 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
relalion 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 distributlon,
the amount is known, and receipt is expected. If the amount is not known, Ihe legacy is treated as
contingent asset.

COVENTRY INDEPENDENT ADVICE SERVICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
(Continued)
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the
grants have been met. Where performance condition5 are allached to the grant and are yel to be met, the
income is recognised as a liabiliiy and included on the balance sheet as deferred income to be released.
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
1.5 Expenditure
All expenditure is recognised once there is a legal or conslruclive obligation to thal expenditure, it is probable
settlement is required and the amounl can be measured reliably. All costs are allocated to Ihe applicable
expenditure heading that aggregate similar costs lo that category. Where costs cannot be directly attributed to
particular headings they have been allocated on a basis consistent with the use of resources, with central
staff costs allocated on the basis of lime spent, and depreciation charges allocated on the portion of Ihe
asset's use. Other support costs are allocated based on the spread of staff costs.
1.6 Tangible fixed assetx
Tangible fixed assets are initially measured at cost and subsequently measured al cost or valuation, net of
deprecialion and any impairment losses.
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..
Office equipment
straightline method over three years
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 Impalrrnent of flxed assets
Al each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine
whether there is any indication that Ihose assets have suffered an impairmenl loss. If any such indication
exists. the recoverable amount of the asset is estimated in order to determine the extent of the impairment
loss (rf any).
1.8 Cash and ca8h equlvalents
Cash and cash equivalenls include cash in hand, deposits held at call with banks, other short-lerm liquid
investments wilh 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 Finan￿al Instruments, and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of ils financial instruments.
Financial instruments are recognised in the charity's balance sheel when the charity becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, wilh the nel 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 lo realise the asset and sellle the liability simultaneously.

COVENTRY INDEPENDENT ADVICE SERVICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng policies
(Continuedl
Basic financial assets
Basic financial assets, which include deblors and cash and bank balance5, 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 al the present value of the future receipts discounted at a market rate of interest. Financial assets
classified as re￿1vable within one year are not amortised.
Basic finanelal liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangem&nt conslitules 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 liabililies classified as payable
within one year are not amortised.
Debt inslruments are subsequently carried al amorlised cost, using the effective interest rate melhod.
Trade Creditors are obligations lo pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified a5 current liabilitie5 if payment 15 due within one
year or less. If not, Ihey are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured al amortised cost using the effective interest method.
Derecognition of flnanclal Ilabilities
Financial liabilities are derecognised when the charlty's contractual obligations expire or are discharged or
cancelled.
1.10 Taxatlon
The charity is considered to pass the lesls set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and
therefore il mèets the definition of a charitable company for UK corporation tax purposes. Accordingly. the
charity is potentially exempl from taxation in respect of income or capital gains received within categories
covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of Ihe Taxation of Chargeable
Gains Act 1992, to the extenl that suGh income or gains are applied exclusively to charitable purposes.
1.11 Employee bènefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
Termination bènefits are recogni58d immedialeSy as an expense when the charity is demonstrably committed
to terminate the employment of an employee or lo provide tefmination benefits.
1.12 Retirement beneflts
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.13 Governance costs
These include the costs attributable to the charity's compliance with constitutional and statutory requirements,
including audit, strategic management and trustees, meetings and feimbursed expenses.
1.14 Government Grants
Government grants are recognised based on the accrual model and are measured at the fair value of the
asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating lo
revenue are recognised in income over the period in which the related costs are recognised. Grants relating
to assets are recognised over the expected useful life of the asset. Where part of a grant relating lo an asset
is deferred, il is recognised as deferred income.

COVENTRY INDEPENDENT ADVICE SERVICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Critical accounting estimates and judgements
In the application of Ihe charity's accounting policie5, the trustees are required to make judgements, estimates
and assumptions about the carrying amounl of assets and liabilities that are nol readily apparent from other
sources. The estimates and as50Giated assumptions are based on historical experience and other faclors that
are considered to be relevant. Actual result5 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.

fDOO
00
o¢0
00)
oi ¢ri iri r ln
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(O Oi ri Ln r ln
J<sUffjc
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Ic£>c
￿￿0z>Zi5lLS

COVENTRY INDEPENDENT ADVICE SERVICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Income from other tradlng activities
Unrestrictsd Unrestricted
funds
funds
2025
2024
Full recovery cost
50,068
Income from Investments
Unrestrlctèd Unrestrtcted
funds
funds
2025
2024
Interest receivable
777
952

COVENTRY INDEPENDENT ADVICE SERVICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Charitable activities
Advice
Service
2025
Advice
Service
2024
Staff cosls
Depreciation and impalrmenl
Recruilmenl
Training and conferences
Rent, seTvice charge and storage fees
Repairs and maintenance
Telephone
Printing, postage and stationery
Sundry expenses
Legal and professional fees
Volunteer expenses
Insurance, subscriplions and licences
Computer software and maintenance costs
324.018
1,124
336,903
1,511
1,368
1,783
17,804
339
5,280
5,316
54,557
6,605
1,269
4,843
12,835
1,980
12,193
5,903
3,239
3,532
4,054
4,011
4,239
11,530
375,823
450,413
Share of governance costs (see note 7)
150
150
375,973
450.563
Anatysls by fund
Unrestricted funds
Restricted funds
266,872
109,101
337,133
113,430
375,973
450,563
Support costs
Support Governance
costs
costs
2025Support costs Governance
costs
2024
Independent examiners
fee
150
150
150
150
150
150
150
150
Analysed be￿een
Charitable activities
150
150
150
150
10-

COVENTRY INDEPENDENT ADVICE SERVICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Net movement In funds
2025
2024
The net movement in fvnds is stated after chargingl(crediling).'
Fees payable for the independent examination of the charity's financial
slalements
Depreciation of owned tangible fixed assets
1,124
1,511
Tru8tee8
None of the trustees (or any persons connected with them) re￿iVed any remunèration or benefits from the
charity during the year.
10 Employee8
The average monthly number of employees during the year was:
2025
Number
2024
Number
Charitable activities
Adminislration
Total
12
13
Employment Costs
2025
2024
Wages and salaries
Social security costs
Other pension costs
289,731
17,817
16,470
300,051
20,901
15,951
324,018
336,903
No employee received emoluments of more than £60,000 during the year.
The total employae benefits of th8 key management personnel of the charity were £51,286 (2024 - £49,751).
There were no employees whose annual remuneration was more than £60,000.
Remuneration of key managemenl personnel
11 Taxation
The charity is a registered charity and is therefore exempt from taxation.
11

COVENTRY INDEPENDENT ADVICE SERVICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
12 Tangible fixed assets
Office
qulpmènt
Cost
At l April 2024
13,617
At 31 March 2025
13,617
Depreciation and Impalmiènt
Al 1 April 2024
Depreciation charged in the year
11.411
1,124
Al 31 March 2025
12,535
Carying amount
Al 31 March 2025
1,082
Al 31 March 2024
2,054
13 Debtors
2025
2024
Amounts falllng due wlthln one year:
Other debtors
2,491
14 Credltorn: amounts falling due wlthln one yoar
2025
2024
Olher taxation and social security
Trade creditors
Olher creditors
Accruals and deferred income
2,664
1,396
63
2,797
6,111
3,129
109
3,178
6,920
12,527
15 Retlrement benefft schemes
2025
2024
Deflned contribution schemes
Charge to profit or loss in respect of defined contribution schemes
16,470
15,951
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of Ihe
scheme are held separately from those of the charity in an independently administered fund.
12-

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COVENTRY INDEPENDENT ADVICE SERVICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
17 Anatysis of nat assets between funds
Unrestricted
funds
2025
Restrictsd
funds
2D25
Totsl
2025
At 31 March 2025:
Tangible assets
Current asselsl{liabilities)
1,082
118.213
1,082
142,165
23,952
119,295
23,952
143,247
Unre$trlcted
fundg
2024
Re$trl¢ted
funds
2024
Total
2024
At 31 March 2024:
Tangible assets
Current asselsl(liabilitiesl
2,054
173,706
2,054
166,626
(7,0801
175,760
17,0801
168,680
18 Related paty tran8actlons
There were no dis¢losable related party transactions during the year12024 - none).
16-