Charlty reglstratlon number 1049996 IEngland and Wales) Company registration number 3108844 KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE LEGALAND ADMINISTRATIVE INFORMATION Trustees Mr C Kelsall Mr U Ezeanata Mr K Pearce Mr B Molloy Ms C Lunt (Appointed 25 July 2024) Secretary Mr B Gouldson Charlty number {England and Wales) 1049996 Company number 3108844 Registered office 142 Cherryfield Drive Kirkby Merseyside L32 8RX Audltor Mitchell Charlesworth (Audit) Limiled Suites C,D,E, & F 14th Floor The Plaza 100 Old Hall Street Liverpool L3 9QJ Solicitors Maxwell Hodge 26 Sherborne Square Liverpool L36 9UR
KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE CONTENTS Page Trustees, report Statement of trustees. responsibililies Independent auditorfs report 10-12 Statement of financial activiti88 13-14 Balance sheel 15 Slalemenl of cash flows 16 Notes to the financial statements 17-28
KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trustees presenl their annual reporl and financial statements for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies sel oul in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association, Ihe Companies Act 2006 and "Accounting and Reporting by Charities.. Stalement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)" (as amended for accounting periods commencing from 1 January 2019) Objectlves and actlvltles The chaTlty's purposes, as set out in the objects contained in the Company's Memorandum of Association, are lo promote any charitable purpose for the benefit of the whole community of Knowsley {'Ihe area of benefil.) by the advanment of education, Ihe protection of health and the relief of poverty, sickness and distress, The charity's objects are defined as above. Our aims are focused on: To provide the advice people need for the problems they face, and To improve the policies and practices that affect people's lives Our $8rvice provides free, independent, confidential and impartial advl¢e to everyon8 on thelr righls and responsibilities. We value diversity, promote equality and challenge discrimination. The charity has developed ils own Mission Statement to reflect more accurately its purpose and foIe- Cilizens Advice Knowsley empow8r the Knowsley commiinity to make infom70d cholces by providing trusted advico 8nd iiilluenung positive change W6 achieve this by.. Providing advice and advocacy to help people solve Ihe pn)blems they face Campaigning lo iMpVe Ihe policies and practices Ih8t affect people s lives Ensuring thal we remain relevant to the needs ol the Knowslèy Communily by main18ining slrong stakèholder relalionships and ensuring a focus on Ihe suslainatslity of our chanly Ensurlng our work delivers our alms We review our aims, objectives and activities each year. The annual review seeks lo examine our achievements and outcomes and to sel key stralegic largels for Ihe coming Ihree year period, with a focus on developing a 12 month strategic plan to be reviewed by trustees on an ongoing basis. In carrying out the review we are ensuring Ihal Ihal our aims, objectivès and activities are in line with our stated purpose. Our main objectives on an annual basis focus on ensuring that our service meets the needs of the dienls we support.
KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED> FOR THE YEAR ENDED 31 MARCH 2025 Key priorities have been.. Providing clear development opportunities for all volunleeis. staff and trustees, linked to the organisalional vision statemer)l and priorities Ensuring our clients can access multi-channel services Maintain high quality standards across the organisalion. including performance management and granu contract compliance Maintain sound financial practices in line with slatulory requirements and good practice, and develop a more diverse and sustainable funding base Raise the overall profile of research and campaigns work across the organisalion Improve the consistency of data collected through our case management systems and use this information lo support campaign issues and the drive to end the disparities in access and experience for marginalised people Use our data to improve engagemenifinfluence on local and nalional stakeholders, in particular elected officials Publlc benellt Our main aclivitles and who we try lo help are described above. All our charitable activities focus on providing the advice people need for Ihe problems they face and are underlaken 5pecifi¢ally lo provide public benefit. The board of Iruslees have had due regard to the Charity Commission guidance on public benefit and have complied wilh the duly in section 4 of the Charities Acl 2011. The trustees have paid due regard to guidance issued by the Charity Commission In deddlng what activilies the charity should undertake. Responslblllty towards the envlronment Knowsley District Citizens Advice Bureau aims to minimise its impa¢1 on the environment and has implemented an organisalional environmental policy lo ensure that all aclivities place an increased emphasis on the environmental impact of our actions. Achlevements and perfomiance Signilicant aclivitl8s and aGhievem8ntS againsl objeclives During this year, we assisted 4.512 unique clients with 42,519 issues. INelfare Benefits accounted for 38¥0 of all issues with money advice (Debt and Financial Capability) accounting for 33Qh of issues. During this period, we have seen a dramatic rise in the number of housing, consumer and family related issues, with more than 1000A increases in the number of issues in each of these areas, evidencing that clients are receiving support with more diverse and complex matlers, and being provided with a holistic advice service. Through this year, we have continued to focus on the accessibllity of our seNlces, including the use of WhalsApp messaging to allow more efficient booking of telephone and fa-tO-faCe appointments. We have continued lo devèlop our core services and adapt to the changing needs of Knowsley residents: We remained committed to supporting the twin aims of the Citizens Advi Service and ensuring Ihat our work contributes lo the strategic aims of Knowsley Council and other funders. We continued to lead Grealer Merseyside Money Advice Partnèrship via funding from the Money and Pensions Service.
KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 We participated in research and campaigns work to highltghl issues and to advocate on behalf of the residenls of Knowsley. We provided general help outreach work at Stockbridge Village via funding from ForHousing and in Halewood with the support of Halewood Town Council. We provided energy advice Ihrough funding from Energy Redress. the Cadenl Foundation and Citizens Advice Energy Advice Project. We helped clients to develop money skills through the LCR Mind and Money Programme. We assisted clients with energy adviek and income maximisation advice supported by Scottish Power Energy Networks. We further expanded our network of approved referral partners to allow direct referrals for clients in need of advice seniices. Suiiimary 1sSIIQS 4,512 40 s [¢ O 42,619 OA Ji hLl¢¥iliwJ 19.23Q 21 8.118 IIVAA iwi
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KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Ago 54 )d vjpi l* VJ. GFJndar Dlsabilily l Loiio-16im hoallh Elhnielly 11 Yin
KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Financlal review The charity recorded a surplus of the year of £60,503 (2024 - surplus £63,342). Working on a stable financial foundation, trustees have been able lo invest in new technology and implement robust financial procedures a5 part of the busines5 planning process. During this year. Citizens Advi Knowsley received addilional funds through the Know51ey Better Together Fund to assist Knowsley residents affected by the cost of living crisis with Welfare Benefits and General advice. This additional funding has allowed fa-t0•face and outreach serv1$ lo develop in order lo reach all sectors of the Knowsley community. As energy costs are impacting on Knowsley residents, additional funds have been secured lo provide energy specific advice lo complement debt and financial capability services. Trustees were made aware of the growing need for housing advi in Knowsley and committed fund to support this work as part of their commilmenl to providing a seNice which adapls lo Ihe needs of Knowsley residents. Trustees are aware that there will be Increased pressure on resources and are working with senior managemenl lo secure new and existing funding lo enable Citizens Advice Knowsley lo Gonlinue to provide a much needed service despite the pressure on funding and resources. Resee6 pollcy 11 is the policy of the charlly that unreslrlcted funds which have not been designated for a specific use should be maintained al a level equivalent lo six months. expenditure which based on the current turnover would be an equivalent of £610,000, providing a £45.000 surplus in free reserves which trustees will look to invest in service delivery in the coming year. The trustees Consider that reserves al this level will ensure that, in the event of a significant drop in fundlng, they will be able lo continue the charily's current activities while consideration is given to ways in which ajditional funds may be raised. This levèl of reserves has been maintained throughout the year. Restricted funds of £44,623 currently held will be used in 2025r26 to continue the activities for which they were inlended. Funds designated for future building works are expected lo be spent within the next 3 years. Trustees have endeavoured lo make the reserves work for the organisation by implementing a low rlsk inveslmenl slrategy. Rlsk management Systems and procedures have been established to identify, monitor and manage the risks that Knowsley Citizens Advice faces. Trustees and the senior management team periodically review and update risks and mitigating actions. Citizens Advi Knowsley operates under a risk management stialegy agreed by trustees and periodically reviews and updates a Tisk register to reflect the current risks we are exposed to with a view to monitoring and miligaling major risks. The Board ideally would like lo be able to call on a &month running costs in the evenl of the organisation ceasing operations. As required in its Memorandum paragraph 5.11, the organisalion has Ihe power to invest and deposit funds in any lawful manner whilst having regard lo the suilabilily of investments and the need for diversification. The Trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place lo miligale exposure to the major risks.
KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Structurè, governance and management The ¢harily is a company limited by guarantee (3108844) and is govemed by its Memorandum and Articles of Association, as amended by special resolution dated 23 May 2024. The registered name of the charity is Knowsley District Citizens Advice Bureau (1049996) and from January 2004, the charity has used the operating name of Citizens Advice Knowsley. The Iruslees, who are also the directors for the purpose of company law, and who served during the year and up lo the date of signing were.. Mr C Kelsall Mr K Walsh Mr U Ezeanata Mr K Pearce Miss O See Mr 8 Molloy Ms K Markey Ms l Templeman Ms C Lunt (Resigned 24 April 2024) (Resigned 24 April 2024) (Resigned 24 April 2024) (Appointed 25 July 2024 and resigned 30 January 2025) {Appoinled 25 July 2024) Trustees are recruited in Ilne with the terms laid out in Ihe Bureau's Artide$ of Association. A term of office is 3 years and trustees may be re-elected. Knowsley Metropolllan Borough Council annually nominates an elected member to the Board of Trustees. Cllr Frank Walsh lo 24 April 2024 Cllr Chantelle Lunt from 25 July 2024 Trustees can be elected at the Annual General Meeting, nominated by member organlsations or co-opted by the Board, provided that the total number of co-opted and nominated trustees does not exceed one Ihlrd of the total number of trustees. New Iruslees meet with the Chair and Chief Officer for an induction session and all trustee5 undertake ongoing training and development as appropriate lo their role. Citizens Advice provide support to Citizens Advice Knowsley Irustees to ensure they are trained lo carry out their roles In the interests of the organisalion and in Complian with the requirements of charity and company law. None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £10 in the event of a winding up. The trustees are covered by trustee indemnity insurance. Remuneratlon of Key Management Key management remuneration is set using information from the national association and Ihough analysis of comparable roles within the charity and voluntary sector. Salaries are reviewed on an annual basis in line with roles and fesponsibililies.
KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Organisational structure Citizens Advice Knowsley is a member of Citizens Advice, the operating name of the National Association of Citizens Advice Bureaux, which provides a framewofk for standards of advice and casework management as well as monitoring progress against these standards. Knowsley District Citizens Advi Bureau is govemed by the Board of Trustees who.. Sel the policy of the charity Are involved in determining corporale strategy, including setting key strategic objectives Make major decisions about the future of finan$ Set a framework for human resource policy Responsibilily for day lo day management matters and implementation of policy Is delegated to the Chief Officer, within a clearly understood framework for strategic control. The following personnel attend trustee meets'ngs in a nov011n9 capacily.. Brian Gouldson. Chief Officer Trustee mlnutes are sent to Citizens Advice to ensure compliance with national membership requirements. Contrlbutlon of Volunteèrs and Pald Staff The charlly's success could not have been achieved without the hard Vrk and dedicalion of volunteers and staff. The Trustee Board and senior management recognise the tremendous contribution made by the charity's volunteers in advising the public and administering the service without which Ihe service could not operate. Volunteers represent the indispensable core of the service for without them there would not be a Cillzens Advice service. Their value is inadequalely expressed in monelary lemis. Indeed, volunteers bring many skllls to the Service and very often Ihe experience gained helps individuals return to full employment. Our volunteers Volunteers contributed the equivalent lo 4.48 FTE members of staff during the year. This equates lo £111,460 based on a paid staff equivalent receiving the Living Wage Foundation Real Living Wage. All TrusleeslDirectors are volunteers Equal opportunilies Knowsley District Citizens Advice Bureau recognises the positive value of diversity promotes equality and challenges discrimination. The charity welcomes volunteers and employees from all parts of the community, particularly under-represented groups. We support the Citizens Advi equalily. diversity and indusion goals and have incorporated these in with all aspects of business planning. The trustees, who are also the directors of Knowsley District Citizens Advice Bureau for the purpose of company law are responsible for preparing the Trustees, Report and the financial statements in accordan with applicable law and United Kingdom Accounting Standards (Uniled Kingdom Generally Accepted Accounting Practice).
KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Audltor In accordance with the companws articles. a resolution proposing Ihal Mitchell Charlesworth {Audit) Limited (formerly BWM) be reappointed as auditor of the company will be put at a General Meeling. Disclosure of information to auditor So far as the trustees are aware, there is no relevant audit information of which the charity's auditors are unaware. Additionally, the Iruslees have taken all necessary steps that they ought lo have taken as Irustees in order lo make themselves awarè of all relevant audit information and lo establish that the charity's auditors are aware of that information. This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the companies act 2006. The trustees, report was approved by the Board of Trustees. Mr U Ezeanata Treasurer IS-(o- 2011- Date:
KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The trustees. who are also the directors of Knowsley District Cilizens Advice Bureau for the purpose of company law, are responsible for preparing the Trustees. Report and the financial slalemenls in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepled Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the slate of affairs of the charity and of Ihe incoming resources and application of reSoUrs, induding the income and expenditure. of thè charitable company for that year. In preparlng these financial slalements, Ihe 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 eslimales that are reasonable and prudent., slate whether applicable UK Accounting Slandards have been followed. subject lo any material departures disclosed and explained in the financial slatemenls.. and prepare the financial slalemenls on the going concern basis unfess it is inappropriate lo presume Ihal the charity will continue in operation. The trustees are responsible for keeping adequale accounting records that disclose wlth reasonable accuracy al any lime the financial position of the charity and enable Ihem lo ensure thal 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 olher irregularities.
KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU Opinion We have audited the financial statements of Knowsley District Citizens Advice Bureau (the 'charity') for the year ended 31 March 2025 which comprise the statement of financial activities, Ihe balance sheet. the statement of cash flows and notes lo the financial stalemenls, including significant accounling policies. The financial reporting framework Ihat 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 Ihe UK and Republic ol Irol8nd (United Kingdom Generally ACpIed Accounting practi). In our opinion. the financial slalemènts: give a true and fair view of the stale of the charilable company's affairs as at 31 March 2025 and of ils incoming resource5 and application of resources, including its income and expenditure. for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practi,. and have been prepared in accordanc8 with the requirements of the Companies Act 2006. Basls for oplnlon We conducted our audit in accordance wilh International Standards on Audillng (UK) {ISAs {UK)) and applicable law. Our responsibilities under those standards are further described in the Audilorfs responsibilities lor the audit ol the financial slalements section of our Teport. We are independent of the charity in accordance with the ethical requirements Ihal are relevant to our audit of Ihe financial slalemenls in Ihe UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requiremènts, We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons rèlatlng to going concern In auditing the fi'nancial stalemenls. we have concluded Ihat the ITUStees' use of th& going concem basis of accountlng In the preparation of the financial statements is appropriate. Based on the Work we have performed, we have not idenlified any material uncerlainlles relating to events or conditions Ihal, individually or collectively. may cast significant doubt on the charity's ability lo continue as a golng concern for a period of at least Iwelve months from when the financial statements are aulhorised for issue. Our responsibililies and the responsibilities of the tTuslees wilh respect lo going concern are described in the relevant sections of this report. Other Information The other information comprises the information included in the annual report olher than the finarcial statements and our auditof s report Ihereon. The Iruslees are responsible for the olher information containèd within the annual report. Our opinion on the financial statements does not covef the other information and. except lo Ihe extent otheiSe explicitly slated in our report. we do not express any form of assurance conclusion thereon. Our responsibility is lo read the other information and. in doing so, consider whether the other information is materially inconsislenl with the financial slatemenls or our knowledge obtained in the course of the audit. or otherwise appears to be materially misslaled. If we identify such material inconsistencies or apparent material misslalemenls, we are required lo delermine whether Ihis gives rise to a material misslalement in the financial slalemenls themselves. If, based on the work we have performed. we conclude that there is a material misslatemenl of thi5 olher information, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course ofour audit: the information given in the trustees, report for the financial year for which the financial statements are prepared, which includes the direclors. report prepared for the purposes of company law, is consislenl with Ihe financial statements: and the directors, report included within the trustees, report has been ppad in accordance with applicable legal requirements. 10-
KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU Matters on whlch we are required to report by exception In the light of the knowledge and understanding of the chaiily and its environment obtained in the course of the audit, we have not identified material misstatements in the directors. report included within the trustees, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2D06 requires us to report lo you if, in our opinion.. adequate accounting records have not been kepl, or relurns adequate for our audit have not been r8c8ived from branches not visited by us., or the financial statements are not in agreement with the accounling records and returns; or certain disclosures of Iruslees. remuneration specified by law are not made., or we have not received all Ihe infofmalion and explanalions we require for our audit. or the trustees were not enlitled lo prepare the financial statements in accordance with the small companies regime and take advantage of the small companies, exemptions in preparing the trustees. report and from the requirement to prepare a strategic report. Responsibilitle8 of tru6tee8 As explained more fully in the statement of tTuslees' responsibilities, Ihe trustees, who are also the directors of the charity for the purpose of company law. are responsible for Ihe preparation of the financial slalemenls and for being satisfied that they give a true and fair view, and for such internal control as the Iruslee5 determine is necessary lo enable the preparation of financial slalemenls Ihal are free from malerial misslatemenl, whether due to fraud or error. In prepafing the financial slalements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable. mallers related to going concern and using the going concern basis of accounting unless the Iruslees eilher intend to liquidate the charitable company or to cease operations. or have no realistic alternative bul to do so. Audltorfs responsibllltles for the audlt of thè financlal statements Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from material misslalemenl, whelher due lo fraud or error. and lo issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is nol a guarantee that an audit conducted in accordance with ISAS {UK) wlll always detect a material misslatemenl when il exists. Misstalements can arise from fraud or error and are considered material if, individually or in the aggregale, they could reasonably be expected lo influence the economic decisions of users taken on Ihe basis of these financial statements. The extent to which our procedures are capable of detecting irregularities. Induding fraud, is detailed below. The extent to whlch the audlt was consldered capable of detectlng Irregularitles, Includlng fraud Our approach to identifying and assessing the risks of material misstatement in respect of irregularilies. including fraud and non-compliance with laws and regulations, was as follows.. the engagement partner ensured that the engagement team collectively had the appropriate competenc8, capabilities and skills lo identify or recognise non-complian with applicable laws and regulations., we identified the laws and regulations applicable to the company through discussions wlth directors and other management; we focused on specific laws and regulations which we considered may have a direct malerial effect on the financial statements or the operations of the company. including the Companies Act 2006. laxalion legislation and dala prolection, anli-bribery, employment and health and safety legislation., we assessed the exlenl of Complian wilh the laws and regulations identified above through making enquiries of management and inspecting legal correspondence.. and identified laws and regulalions were cotnmunicaled within the audil team regularly and Ihe team remained alert lo instances of non-complian Ihroughoul the audit. 11
KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU We assessed the su5cepiibilily of the company's financial statements to material misstatement. including obtaining an understanding of how fraud might occur. by.. making enquiries of management as lo where Ihey considered there was susceplibilily lo fraud, their knowledge of actual, suspected and alleged fraud. and • considering the internal controls in place lo mitigate risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias and oveffide of controls, we.. performed analytical procedures lo identify any unusual or unexpected relationships., tested journal entries lo identify unusual Iransaclions. assessed whether judgements and assumptions made in determining the accounting eslimales were indicative of potential bias., and Investigaled the rationale behind significant or unusual transactions. In response lo the risk of irregularitles and non-compliance with laws and regulations. we designed procedures which included, bul were not limited to: agreeing financial slalement disclosures to underlying supporting documentation; reading the minutes of meetings of those charged with governance., and enquiring of management as to actual and potential litigation and claims. There are Inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial Iransaclions, the less likely il is that we would become aware of non-compliance. Auditing standards also limit Ihe audit procedures required lo idenlify non-compliance with laws and regulations to enquiry of the directors and olher management and the inspection of regulalory and legal correspondence, if any. Material misslatemenls that arise due lo fraud can be harder to detect than those Ihal arise from error as they may involve deliberate concealment or collusion. A further descflption of our responsibililies is available on the Financial Reporting Council's website at.. hllPS'.11 www.fr¢.org.uklaudilorsresponsibililies. This descriplion forms part of our audito¢s report. This raport is made solely to Ihe charitable company's members, as a l)ody, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate lo the charitaue company's members those matters we are required to stale lo them in an audiloT'S report and for no other purpose. To the fullest extent permilled by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable companws members as a body. for our audit work. for this report, or for Ihe opinions we have formed. Mr Tony Stanley ACA (Senlor Statutory Auditor} For and on behalf of Mitchell Charlesworth (Audit) Limited. Statutory Auditor Accountants Suites C,D.E. & F 14th Floor The Plaza 100 Old Hall Street Liverpool L3 9QJ Dale: 2411112025 12-
KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Current flnancial year Unrestrlcted Unrestrlcted funds funds general designated 2025 2025 Restricted funds Total Total 2025 2025 2024 Notes Income and endowments from: Charitable activities Inveslmenls Other income 689,542 26,862 10.251 494.451 1,183.993 26.862 10.401 1,151,366 5,411 10,197 150 Total income 726.655 494,601 1,221,256 1,166,974 Expenditure on: Charitable aclivilies 686.662 474,091 1,160,753 1,103.632 Total expendlture 686,662 474.091 1,160,753 1,103,632 Net income 39,993 20.510 60.503 63,342 Transfers between funds (20,278) 20.278 Net movement In funds 19.715 20.278 20,510 60,503 63,342 Reconclllatlon of funds: Fund balanS at 1 April 2024 635.680 168,892 24.113 828,685 765,343 Fund balances at 31 March 2025 655.395 189,170 44,623 889,188 828,685 The slalemenl of financial activities includes all gains and losses recognised in the year. All Iorne and expenditure derive from conlinuing aclivilies. 13-
KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Prior financlal year Unrestricted Unrestricted funds funds general designated 2024 2024 Restricted funds Total 2024 2024 Notes Income and endowments from: Charitable activitiès Investments Other income 676.429 5,411 9.777 474,937 1.151,366 5,411 10,197 420 Total income 691.617 475.357 1,166,974 Expendlture on: Charilable activities 640,800 462.832 1,103,632 Total expendlture 640,800 462,832 1,103,632 Net Income 50,817 12,525 63,342 Transfers between funds 20,(7 (29.722) 9,655 Net movement in funds 70,884 {29.722) 22,180 63,342 Recontlllatlon of funds: Fund balances at 1 April 2023 564,796 198,614 1,933 765,343 Fund balances at 31 March 2024 635,680 168,892 24,113 828,685 14-
KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE BALANCE SHEET AS AT31 MARCH 2025 202S 2024 Notes Flxed assets Tangible assets 10 89.170 118.892 Current assets Debtors Cash at bank and in hand 11 109,082 732.794 81,319 734.521 841.876 815.840 Creditors: amounts falllng due withln one year 12 (41,858) (106,047) Net current assets 800.018 709,793 Total assets less current Ilabilitles 889,188 828,685 The funds of the Charity Restricted income funds Unrestricted funds - general Unre51ricled funds - designaled 15 44,623 655,395 189,170 24,113 635,680 168,892 16 889,188 828,885 S-(tr- LOLs- The financial statements were approved by the Iruslees on ......................... Mr U Ezeanata Treasurer Company reglstralion number 3108844 (England and Wales) 15-
KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from operatlng activities Cash (absorbed by>lgenerated from operations 20 (28.589) 96,507 Investlng actlvltles Investment income received 26,862 5,411 Net ¢a8h generated from Investlng activitios 26.862 5,411 Nèt cash generated from flnan¢lng actlvltles Net Idecreaselllncrease In cash and cash equivalents {1,727) 101,918 Cash and cash equivalents al beginning of year 734.521 632,603 Cash and cash equlvalents at end of year 732.794 734,521 16-
KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcies Charity infomiation Knowsley District Citizens Advice Bureau is a private company limited by guaTantee incorporated in England and Wales. The registered Offi is 142 Cherryfield Drive. Kirkby, Merseyside, L32 8RX. 1.1 Accounting conventlon The accounts have been prepared in accordance with Ihe charity's governing document, the Companies Act 2006 and "Accounling and Reporting by Charilies.. Slatemenl of Recommended Practice applicable to charities preparing Iheir accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" {as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling. which is the functional cuffency of the charily. Monetary amounts in these financial slalemenls are rounded lo the nearest £. The accounts have been prepared on the hlstorical cost ¢onvention. The principal accounting pollcies adopted are set out below. 1.2 Golng concern At the lime of approving the accounls, the trustees have a reasonable expeclalion that the charily has adequate Tesources lo continue in operational existence for Ihe foreseeable future. Thus the trustees continue to adopt Ihe going concern basis of accounling in preparing the accounts. 1.3 Charltable funds Unr8sliicted funds are available for use al the discretion of the trustees In furtherance of their chaiitable objectives unless the funds have been designated for other purposes. Designaled funds comprise unreslricled funds that have been sel aside by trustees for a particular purpose. The aim and use of the designated fund is sel out in the notes to the financial statements. Reslrict&d funds are funds which are lo be used in accordance with specific reslrictlons imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes lo the financial stalemenls. 1.4 Income Income is recognised when the charily is legally entitled lo il after any performance conditions have been mel, the amounts can be measured reliably, and it is probable that income will be received. 17-
KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policles IContlnuÈd) Income from donations and grants, including capital grants. is included in income when these are receivable, except as follows: When donors specify that donations and grants given to the chafily must be used in future accounting periods, the income is deferred until those periods. When donors impose conditions which have lo be fulfilled before Ihe charity becomes entitled to us& such income, the income is deferred and not included until the preconditions for use have been mel. When donors specify Ihal donations and grants, Including capital grants, are for particular restricted purposes, which do not amount lo precondilions regarding èntillemenl, this income is includèd as restricted funds when receivable. Voluntary income includes discretionary grants for projects. goods and senfices where no service agreement or contract exists. Other grants and contracls, which have particular sepiice requirements are included in the statement of financial activities under the heading income from charitable aclivilies. Interest Is included when receivable by the charity. 1.5 Expenditure Expenditure reflects all amounts paid and accrued during the year. All costs are allocated between the expenditure categories on a basis designed lo reflect the use of the resource. Costs relating to a rerticular proj&ct are allocated directly. others are apportioned on an appropriate basis. Staff costs are apportioned belween projects on the basis of an assessment of the time spent by individual employees. Charltable expendlture Charitable expenditure comprises those costs incurred by the charity in the delivery of ils activities and services for ils beneficiaries. 11 includes both costs Ihat can be allocated dirèctly lo such activiiies and those costs of an indirect nature necessary to support them. Governance costs These iepresenl costs associated with meeting the conslitulional and stalulory requirements of the charity and include the Independent examinalion fees and costs linked to the strategic management of the charity. 1.6 Tangible fixed assets Tangible fixed assets are measured at cost, nel of depreciation and any impairment losses. All assets costing more than £1,000 are capitalised at cost. Depreciation is provided al rates calculated lo write off the cost less eslimaled residual value of each asset over ils expected useful life. as follows.. Leasehold Improvements Office equipment 10% p.a. on a straight line basis 25% p.a. on a stfaighl line basis 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. 1B-
KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng policies {Contlnued 1.7 Impalrment of fixed assets At each reporting end dale, the charity revievts the carrying amounts of ils tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indallOn exists, the recoverable amount of Ihe asset is estimated in order to delemiine 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 wilh banks, other short-term liquid inveslmenls with original maluTilies of Ihree months or less. and bank overdrafts. 1.9 Flnancial instruments The Gharily has elected to apply the provisions of Seclion 11 'Basic Financial Instruments, and Section 12 'Other Financial Inslrumenls Issues. of FRS 102 to all of ils financial inslrumenls. Financial inslrumenls are recognised in the charity's balance sheet when the charity becomes party to the conlraclual provisions of the instrument. Financial assets and liabilities are offset, with the nel amounts presented in the financial slalements, when there is a legally enforceable right to set off the recognised amounls and there is an inlention to sellle on a net basis or to realise the asset and sellle the liability simultaneously. Basic Ilnancial assets Basic financial assets, whlch Include debtors and cash arKI bank balances, are initially measured at transaction price including transaclion costs and are subsequently carried al amortised cost using the effective Interest method unless the arrangement constitutes a financing Iransaclion, where the transaction is measured at the present value of the future receipts discounted at a market rale of interest. Financial asset5 classified as receivable within one year are not amortised. Baslc flnanclal liabilities Basic financial liabilities, including credilofs and bank loans are initially recognised at transaction price unless the arrangement constilules a financing transaction. where Ihe debt instrument is measured at the present value of the future receipts discounted at a market rale of interest. Financial liabililies classlfied as payable wlthin one year are not amortised. Debt instruments are subsequenlly carried at amorlised cost. using the effective interest rate method. Trade creditors are obligations lo pay for goods or services that have been acquired in Ihe ordinary course of operations from suppliers. Amounts payable are classified as current liabililies if payment is due within one year or less. If not, they are presented as non-currenl liabilities. Trade creditors are recognised initially at Iransaction price and subsequently measured al amortised cost using the effective inlerest method. Derecognition of flnantial liabilitles Financial liabilities are derecognised when the charity's contractual obligations expire or are dischaiged or cancelled. 1.10 Employee benefits The cosl of any unused holiday entitlement IS Tecognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably commilled to terminate the employment of an employee or to provide termination benefits. 19-
KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting pollcles {Continued) 1.11 Taxalion The charity benefits from various exemptions from taxation afforded by tax legislation and is not liable to corporation lax on income or gains falling within those exemptions. The charity is not able lo recover Value Added Tax. Expenditure is recorded in the a¢UnIS inclusive of VAT. 1.12 Pension8 The charity operates a defined contribution scheme for employees. Contributions are Charged lo the Statement of Financial Activities in Ihè period lo which they relate. Crltlcal accountlng estlmates and ludgements In the application of the charitws accounting poliues, 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 Ihese estimates. The eslimales and underlying assumplions are reviewed on an ongoing basis. Revisions lo 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 Tevision affects both current and future periods. The following where considered lo be critical accounting estimates thal have been applied during the preparation of these financial slalemenls.. The annual depreciation charge for tangible fixed assets is sensitive to changes in the eslimaled useful economic lives and residual values of the assets. The useful economic lives and residual values are assessed on initial acquisition and reassessed pefiodically lo ensure they remain appropriate. They are amended when necessary lo reflect current eslimales based on technological advancement. future investmenls. e¢onomi¢ ulilisation and the physical condition of the assets. The useful economic lives for each class of asset are sel out in the accounting policy 1.6. Invoices which are received during the year that cover the following accounling period have an appropriate proportion of Iheir costs held as a prepayment. They are amended periodically based on the invoices which have been received in each year. Income from charltable activities Unrestrlcted Restricted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Services provided under contract Performance related grants 689,542 689,542 676,429 676.429 494.451 494,451 474.937 474,937 689,542 494.451 1.183.993 676,429 474.937 1.151.366 -20-
KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from Investments Unrestrlcted Unrestrlcted funds funds 2025 2024 Interest receivable 26,862 5,411 Other Income Unrestricted Restrlcted funds fund8 2025 2025 Total Total 2025 2024 Other income 10.251 150 10,401 10,197 Expendlture on charltable actlvllles Advice delivery 2025 Advlce delivery 2024 Dlrect costs Staff cosls Office expenses Travel and subsistence Sundry and cleaning 851,784 16,874 6,785 17,398 745,142 35,459 15,391 40,806 892.841 838,798 Share of support and governance costs (see note 7) Support Governance 248,701 19,211 236.978 29,856 1,160,753 1,103,632 Analysls by fund Unrestricted funds- general Restricted funds 686,662 474,091 640,800 462,832 1,160,753 1,103,632 21
KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support costs allocated to activities 2025 2024 Staff costs Depreciation Premises costs Office costs Slaff and volunteer Other costs Governance costs 119,429 29,722 60,982 35,340 3,127 106,975 29.722 59,282 36,598 4,311 90 29,856 19,312 267,912 266,834 Analysed between: Advice delivery 267,912 266,834 Support costs represent Ihe overheads for running the Charity and where directly attributable, costs have been allocated to the relevant headings. The recharges have been calculated as a pro-iata figure based on the number of FTE posts allocated to each funding str&am. Governance costs includes payments lo the auditor of £6.828 for the audit and £4.932 for accountancy fees 12024.. £6,235 for the audit and £4.505 for accountancy fees). Trustees None of the trustees (or any persons connected with them) received any remuneration during the year. During the year no trustees where reimbursed for any expenses incurred {2024- £nll). Employees The average monthly number of employees during the year was- 2025 Number 2024 Number Advicel project delivery Management and adminislralion 23 10 20 11 Total 33 31 -22-
KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Employees IContlnued} Employmènt costs 2025 2024 Wages and salaries Social security costs Othèr pension StS 846,678 75.812 48,723 743,054 66,345 42.718 971,213 852,117 The average number of employees shown above is based on actual employee numbers. There were no employees whose annual iemunefation was more than £60,000. Remuneration of key management personnel The remuneration of key management personnel is a5 follows. 2025 2024 Aggregate compensation 143,494 80,113 10 Tangible flxed assets Lea80hold Improv•m•nts Offlc equlpm•nt Total Cost Al 1 April 2024 297.225 34.519 331,744 Al 31 March 2025 297,225 34,519 331,744 Depreclation and Impalrment At 1 April 2024 Depreciation charged in the year 178,333 29,722 34,519 212,852 29,722 At 31 March 2025 208.055 34,519 242,574 Carrying amount Al 31 March 2025 89.170 89,170 At 31 March 2024 118.892 118,892 -23-
KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 11 Debtors 2025 2024 Amounts falling due wlthln one year: Trade debtors Prepayments and accrued income 6,375 74,944 109,082 109,082 81,319 12 Credltors: amounts falllng due within one year 2025 2024 Trade creditors Other creditors Accruals and deferred income 9,427 21,441 10,990 25,156 36,005 44,886 41,858 106,047 14 Amounts held on bèhalf of thlrd parties The charitable company holds funds as agent lolalling £180,229 (2024.. £239,723), in a bank account operaled by the charilable company, which is payable lo third parlies. The amount payable lo third parties and an equivalent amount of the bank balan are excluded from these accounts. Funder Balance at 1 Aprll 2024 Recelved Pald out Balance at 31 March 2025 GMMAP Funds 239.723 2.117.959 (2,177,453) 180,229 239.723 2.117.959 (2.177,453) 180,229 Funder Balance at 1 April 2023 Re¢elved Pald out Balance at 31 March 2024 GMMAP Funds 207.760 2.128,673 (2.096,710) 239,723 207.760 2.128,673 (2,096,710) 239,723 -24-
KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 Retirement benefit schemes 2025 2024 Defined contributlon schemes Charge to profil or loss in respect of defined contribution schemes 48,723 42,718 The charity operates a defined contiibution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the ¢harity in an independently administered fund. 15 Restricted funds The restricted funds of the charity comprise the unexpended balanS of donations and grants held on trust subject lo specifi¢ condilions by donors as lo how they may be used. At 1 Aprll 2024 Ineomlng resources Re80urces expended Tran8fer8 At 31 March 2025 Energy Redress MAS Cadenl Financial Resilience 12,194 11,919 72,379 304,096 46,173 71.953 (74,608) (299,981) (42.544) (56.958) 9,965 16,034 3,629 14,995 24,113 494,601 (474.091) 44,623 Prevlous year: At 1 April 2023 Incoming Resources resources expended TransfeK8 At 31 March 2024 Energy Redress MAS Cadent Financial Capability Financial Resilience 98,125 289,431 39,575 (85,931) (277,512) {44,470) (1,933) (52,986) 12,194 11,919 4,895 1.933 48,226 4.760 1.933 475,357 (462.832) 9,655 24,113 -25-
KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Restrlcted funds (Continued) Energy Redress - Energy Redress is funding administered by the Energy Saving Trust lo provide advice on energy saving and energy efficiency measures to Knowsley residents through a blend of home visils, face-to- face and telephone advice. MAS - Funding through the Money and Pensions Service lo provide debt advice services as part of the Greater Merseyside Money Advice Partnership. Cadent- The Energy Caseworker Projecl is designed to deliver specialist energy advice and income maximisation support lo clients experiencing fuel poverly. The advice will focus on energy advice issues, Income maximisalion and benefits advice. Flnancial Capabllity - Funding through the Beller Mental Health Fund as part of a project managed by Knowsley Council on behalf of the Office for Health Improvement and Disparities providing support to Knowsley residents experien¢ing mental health issues arising from the Covid-19 pandemic. FSnanclal Reslllence - The Financial Resilience Programme will underlake targeted community engagement and recruitment activities to reach out and connect with people from Ihe local authorily areas of Hallon, Knowsley, Sl Helens, Liverpool. Seflon and Wirral wilhin Ihe Liverpool City Region. 16 Unrestricted funds - designated These are unrestricted funds which are material to the charity's activities made up as follows: At 1 Aprll 2024 Transfera At 31 March 2025 Future building works Leasehold improvements 50,000 118,892 50,000 (29,722> 100,000 89,170 168,892 20,278 189,170 Previous year: At 1 Aprll 2023 Transfers At 31 March 2024 Future buildlng works Leasehold improvements 50,000 148,614 50.000 118.892 (29,722) 198,614 (29,722) 168,892 The above designated funds have been set aside lo carry out future building works at our new Kirkby and Huyton offices. The balance was reviewed by the trustees to more accurately reflect the position held al 31 March 2025. The lèasehold improvements designated fund represents the net book value of the assets capitalised within 2019. -26-
KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 17 Analysis of net assets between funds Unrestricted Unrestrlcted funds funds general designated 2025 202S Restricted funds Total 2025 2025 At 31 March 2025: Tangible assets Current assetsl(liabililies) 89,170 100,000 89,170 800,018 655,395 44,623 655.395 189.170 44.623 889.188 Unrestricted Unrestrlcted funds funds general deslgnated 2024 2024 Restricted funds Total 2024 2024 At 31 March 2024: Tangible assets Currenl asselsl(liabilities) 118,892 50,000 118,892 709,793 635.680 24,113 635,680 168,892 24,113 828,685 18 Operating lease ¢ommltments At the reporting end dale the charity had outstanding commilmenls for future minimum lease payments under non-cancellable operating leases, which fall due as follows.. 2025 2024 Within one year Between two and five years 53,400 106,800 53,400 160,200 160.200 213,600 The operating leases represent leases of premises lo third parties. The leases a negotiated over terms of ten years and Tenlals are fixed for four years. 19 Related party transa¢tlons There were no disdosable related party transactions during the year {2024 remuneration of key management personnel detailed in the 'Employees' note. none) olher than the -27-
KNOWSLEY DISTRICT CITIZENS ADVICE BUREAU COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 20 Cash (absorbed by}Igenerated from operatlons 2025 2024 Surplus for the year 60,503 63,342 Adlustments for: Investment incomè re¢ognised in statement of financial activities Depreciation and impairment of tangible red assets (26,862) 29.722 {5,411) 29,722 Movements In worklng capltal: (Increase) in debtOTS (Decrease)lincrease in creditors (27.763) (64,189) (29.922) 38.776 Cash {absorbed byllgenerated from operatlons 128,589) 96,507 21 Analysls of change8 In net funds The charity had no material debt during the year. 22 Company Ilmlted by guarantee Knowsley District Citizens Advice Bureau Limited is incorporated under the Companies Act 2006 as a company Ilmited by guarantee. The liability of the members is limited to £10. -28-