REGISTERED COMPANY NUMBER: 03090292 (England and Walo81 REGISTERED CHARITY NUMBER: 1060926 Report of tho Trusteos and Audited Financial Statements for the Year Ended 31 March 2025 for Harrow Citizens Advice Bureaux Servlce Llmlted Parker Cavendish Chartered Accountsnts Registerad Auditor Sulta 301, Stanmore Business and Innovation Centre Howard Road Slanmore Middlesex HA71FW
Harrow Cltizens Advice Bureaux Service Limited Contents of the Financial Ststements for the Yoar Endad 31 March 2025 Pago Report of the Trustees Statement of Trustees. Responslbllltles Roport of the Indopendent Auditors Statement of Financial Activitios Balance Sheet Cash Flow Statement 10 Note8 to the Cash Flow Statement Not88 to tho Flnanclal Statements 12 to 17 Detailed Statement of Financial Activilies
Harrow Citizens A(4vice Bureaux Service Limited Report of the Tru8tees for the Year Ended 31 March 2025 The Iste3S who are alsct directo of the charity for the purposes of th8 Companies Act 2006, present thelr report with the financlal statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporbng by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Ihe Financial Raporting Standard applicable in the UK and Republic of Ireland {FRS 1021 (effective 1 January 2019). STRATEGIC REPORT STRUCTURE, GOVERNANCE AND MANAGEMENT STATUS AND ADMINISTRATION The registered name Df the charity is Harrow Citizens Advice Bureaux Sarvic8s Limited and Is also known as and rafarrad to as Harrow Cltizens Advlce. Harrow Citizens Advice is a registered charity and a company Ilmited by guaranlee. The maximum li8bilily of each member is limited lo on6 pound. At 31 March 2025 the company had six members (2024.. 71 of the Managamant Board. Harrow Citizens Advi is govarnad by its Articles ofAssocialion as approved on 12th Octob6r 2022. INVESTMENT POWERS As required in its Articles , paragraph 3. in furtherance of its objects, and for no other purposes, th8 company has tha power to invest Ihe monies of tho company not Immediately required for its purpos8s in or upon such Investments, securities or propety as may be thought flt,subject nevertheless to such conditions and such Consents as may for the time boing be Imposed or required by law. OBJECTS AND ACTIVITIES FOR THE PUBLIC BENEFIT The charity's objects ar8 ID promote any charitable purpose for the beneffil of tho comm(Jnity in the area of the Borough of Harrow and surroundlng areas by the advancement of education, the protection and preseNation of health and the relief of poverly. slckness and distres5, The principal activity of Harrow Citizens Advice is the provision of free, confidential independent and Impartial advice, information and counsel for members of the public, ensuring that individuals do not suffer through a lack of knowl8dge or an Inability to express their needs effectively. Harrow Citizens Advice aims to exercise a responsible in)luenco on thè development of social policies and s@rvic88. ORGANISATIONAL STRUCTURE Harrow Citizens Advice is governed by its Trustee Board which is responsible for setting the strategic dir8clion of the organisalion and the policy of the charity. These policles are implemented by the trustees who cary tho ultimate responsibility for the conduct of Harrow Citizens Advice and for ensuring that the charity satisfies its legal and contractual obligations. Trustaas meet as a minimum quartedy and d8legate the day-to-day operation of the organisalion to senior management. The Trustee Board is independenl frarn manag6mgnt. A register of members, interests is maintained at the registered office and is available lo the public. Hamw Citizens Advico Is a member of The National Association of Citizons Advica Bureau (Citizens Advice) which provid?s a framework for standards of advice and ca88work management as well as monltoring progress againsl these standards. The Bureaux 18 also actively involved in partnershlp working wilh other voluntary, statutory and private sector senrice providers.
Harrow Citizens Advice Bureaux S8rvlce Llmlted Report of the Trustees for the Year Ended 31 March 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT REVIEW OF ACTIVITIES AND FUTURE DEVELOPMENT Citizens Advice Harrow delivers hlgh-quallty services in respons8 to the n8èds of the local communily. Citizens Advice Harrow delivers an advice and information service both face lo face and across a diversè range of digital platforms. In the year under review Citizens Advice Harrow have dealt with 24,383 issues (2024: 19,675} and tha debt managed it approximat8ly £2,873,000 which is a significant increase from the previous year. In addition to our core contract for advlce Informatlon and guidance from Harrow Council, Citizens Advice Harrow have IhroughoLtt the year secured additional funding to SUPPDrt bespoko projects which targeted some of tha most vulnerable communities in Harrow. Thls included- Delivering outreach service for vulnerable communities via the Conversation Café., Supported Harrow Council regarding administering the Household Support Fund, Enérgy advice programme for residents struggllng With utilities, In addition, Citizens Advice Harrow has asslsted cancer patients in Harrow and a number of other boroughs. Citizens Advice Harrow have retained a highly skilled, diverse and committed workforce. The trusteé board have continued to provide robust governance and scrutiny. The year under revlew has been a year of significant challenges both financially and with tha surgo in demand for our sarvicas as the impact of the Gost of living tskes effect, During the year wa relocal8d to new premises to mak@ way for Hamw Council's regeneration plans for our currant site. REVIEW OF FINANCIAL RESULTS During the year ended 31st March 2025, Harrow Citizens Advice had total Income of £763,740 12024.. £792,047), of which £315,09812024.. £275.9351 {400/0 2024.. 350/0) represented grants and contracts from Harrow Council. In addition, funding was received from.. Mattmillan, RCJ Advice for GLA Cost of Living Advice and Citizens Advice for Energy advice and Help to Clalm. Aflar expenditure of £757,137 {2024.' £725,898}, a surplus of£6,603 (2024.. £66,149) has been added to reserves carried forward. RESERVES Harrow Citizens Advic8 is r8quir8d to ensure Ihat free monies are available in each financial y8ar to meat any reasonable foras86ablo contingency. Harrow CitlZ8ns Advic8 maintain 8 projection of income fDr at least one year ahead and will ensure that this continues to b8 darivèd from as wide a variety of sourc@s possible. Harrow Citizens Advice has tsken all necessary steps lo ensure that, at no lime within this period, would it bg posslb18 for the cessation of one or mor8 funding streams to present so serious a challenge to the future of the organisation that it could not b8 managed so as ID continue to provide 8 best value advice 8eNice. The reasons for holding reserves are outlined in note 14. RISK ASSESSMENT Harrow Citizens Advice annually assesses the rrsks to which it is exposed. The trust6es recognise that any major risks to which th@ charity is exposed needs to be reviewed with systerns and controls in place to mitigata those risks. In addition, Haww CitiZ6ns Advice continually monitors and manag85 its risks ensuring systems and controls ara In Pla to mitigate its key risks. Included in exlemal risks is that of the loss of lunding. The effects of this has been minimised by the procedures in place which have resultod in funding being secured from a variety of sources. The charity continues to seek to diversify its funding sources. Internal risks are minirnised by tho implementadon of procedures and controls which include authorisation of all transactions and projects and to ensure consislent quality of delivery for all operational aspects of the charitable company. The procedures are periodlcally reviewed to ensure that Ih8y still meet the needs of the charity. Harrow Citixens Advice takes all reasonabl& precautions to protecl ils infomiation assets. These include making use of Cyber Essentials which is a govarnment backed certification schème, the use of laptops and memory sticks whlch are encrypted to the required standards for the use of staff who work at outreach locations or from home. Client and personnel files are stored in locked cabinets and are lff nsported securely belw8en sltes. VOLUNTARY WORK AND EMPLOYEE INVOLVEMENT The charily receives help and support in Ihe form of voluntary assistance in advising Ihe public. Volunteers contributed approximately 11,074 (2024.. 8,277) hours of work to the service during the year which equates lo £227,000. An extensive rang8 of communication and consullalive arrangornents are in place to help ensure that 8mploy6es aro kopt fully involved about developments within the organisation.
Harrow Cltlzens Advlce Bureaux Service Limlted Report of the Trustees for the Year Ended 31 March 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT GOING CONCERN The Irusle@s are of the view that the charily is able to continue as a going concern. The trusté8s have consldered the PO88ible threat lo the company caLtsed by the current economic Conditions. Du8 to the financlal strength of the charity and the ongoing commltmenl and support of ils major funders it will be able lo continue operating for a period exceeding twelve months from the date of signing these financial stalemants, REFERENCE AND ADMINISTRATIVE DETAILS Regl8ter8d Company number 03090292 (England and Wales) Regi5tsrgd Charity number 1060926 Roglstered office 4 Gayton Road Harrow HA12FB Trustees DJWood Ms P H Lalloo S Bose (reslgn8d 1611012024) I Spilka M J Hammng Ms T J Chambers S D Ezekiel Company S8cr8tary Ms T Nijjar Auditors Park8r Cavendish Charlerad Accountants Registered Auditor Suite 301, Stanmore Business and Innovation Centre Howard Road Stanmore Middlesex HA71FW Bankers HSBC 101- 103 Slatlon Road Edgware Middlesex HA8 7JJ AUDITOR5 The auditors, Parker Cavendish. will be proposed for re-appointment at the forthcoming Annual Gonoral Meeting. Report of the trustees, Incorporating a strategic report, approvad by order of the board of trustees, as the company directors, on 16 October 2025 and signed on thg board's behalf by: Ms T Nijjar- Secrotary
Harrow Citizens Advice Bureaux Service Limited statement of Trustees. Rosponslbllltle8 for the Year Ended 31 March 2025 Th8 tnjstees {who are also the d1ctOrS of Harrow Citizens Advice Bureaux Service Llmited for the purposas of company law) are responsible for pr8p8ring the Report of Ihe Trustees and the financial statements in accordance with applicable law and United Kingdom Accountlng Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reportlng Standard 102 'The Financlal Reporting Standard applicable in the UK and Republic of Ireland" Company law requires the trustees to prepare f5nancial statements for each financlal year which give a true and falr vlaw of tha slate of affairs of the charitable company and of the incomlng resources and application of resources, includlng the income and expenditure, of the charitsble company for that period. In pparing those financial statements. the trustees arè required lo select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charity SORP- make judgements and estimates that ar& reasonable and prudenl., state whather applicable accounting Standards h8ve been followed, sublact lo any material departures disclosed and explained in Ihe financial staternents., prepare the financial statements on the going Gonrn basis unless it is inappropriate to pr8sumo that the charitable company will continue in business. The tnjstses are responsible for k6gping proper accounting records which di8closa with roasonable accuracy at any lime the financial pos11ion of the charitable company and lo enab18 them to ensure that th? financi81 staternenls comply with the Companies Act 2006. They are also responsible for safeguarding the assets of th8 Gharitable company and hence for taking reasonable steps for the prevenlion and detection of fraud and other irregularltles, In so far as the trust8es are awarè.. Ihere is no relevant audit information of which the charitable company's auditors aré unaware., and the trustees have taken all steps that Ihey ought to have taken to make themselves aware of any r818vant audit infomialion and lo establish that the auditDf8 arg aware of that information.
Report of the Independent Auditors to tho Members of Harrow Citizens Advice Bureaux Service Limited Oplnlon We have audited the financial slal8ments of Harrow Cltizens Advice Bureaux Service Limited (the 'charitable company,) for the year ended 31 March 2025 which comprise the Slatement of Financial Activities, the Balance Shget, th8 Cash Flow Statement and nolos to the financlal statements, including a summary of significant accounting policl6s. The financial reporting framework that has been applied in their prep8r8tion is applicabla law and United Kingdom Accounling Standards {Uniled Kingdom Generally Accepted Accounting Practica}, including Financial Reportlng Standard 102 The FlnanGial Reporting Standard applicable in the UK and Republic of Ireland,. In our opinion tho financial statemgnts,. glve a twe and fair view of the stale of the Gharilable company's affairs as at 31 March 2025 and of its Incoming resources and application of resources. including its incoma and axpenditure, for the year th6n ended,. have been properly prepared in accordanca with United Kingdom Gen6rally Accepted Accounllng Practice, including Financial Reporting Standard 102 The Flnancial Reporting Stsndard appllcable in the UK and Republic of Iraland,; and have been preparad In accordance with the requirements ofthe Companl&s Act 20D6. Basls for opinion Wo conducted our audit in accordance wllh Intemational Standards on Auditing (UK} IISAS (UKII and applicabla law. Our responsibilities under those slandards are further described in the Auditors, responsibilit18s for the audit of the financlal stat8ments secticin of our report. We are independent of the charitable company in accordance wlth the ethical requirements that are relevant to our audit of the financial statements In the UK, including the FRC'S Ethical Slandard. and we have fulfilled our other elhic81 responsibilities In accordance with these requirernenls. We believe that the audll evidence we have obtained is sufficient and appropriate to provlde a basis for our opinion. Concluslons relatlng to golng concern In auditing the flnancial stalemenls, we hav8 concluded that the trust68s' use of the going concem basis of accounting in the preparation of the financial stat8ments is approprlatè. Based on the work we have performed, we have not identified arsy rllaterial unc8rtaintl88 relating to ovents or conditions that. individually or collectively, may cast significanl doubt on the charitable company'8 ability to Gonlinue as a going concem for a period of at least twelve monlhs from when the financial stat8rnenls are authorfsed for issue. Our respansibilities and the responslbilities of the trustees with respect to going concern are describgd in th8 relevant sections of this report. Other Information The tNstees are responsible ft)r the other information. The other Information comprises the information included in th8 Annual R8POrt, other than the financial statements and our Report ofthe Independent Auditors th8reon. Our opinion on the financial statements does not cav8r the other information and, except to the extent otherwise explicitly slated in aur report, we do not exprgss any form of assuranca conclusion thereon. In conn8ction with our audit of the financial statements, our responsibilily is lo read the other information and, in doing so. consider whether the other information is malerially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears lo be materially misstated. If we identlfy such material inconsistencies or apparent malerial misst8t8men18, we aro raquired lo determine whether this gives rise to a material misstatem8nt in the financial st8lements themselvés. If, based on the work we have performed, we conclude that there is a material misstatement of this other infomation, we are required to report that fact. We have nothing lo rsport in this regard. Opinlons on other matters prescribed by the Companles Act 2006 In our opinion, b8sed on the work undertaken in the course of the audit.. the information given in the R&port of the Trustees for the financial year for which the financial statements are prèpared is conslstenl with the financial slalements., and th8 Report ofthe Trustees has been preparod in accordance with appllcable legal requirements. Matters on which we are requlrod to report by exception In the light of the knowladge and understanding of the Gharitable company and its anvironment Dbtained in tha course of tha audit, we have not identified material misstatomonts In the Report of the TNstags, We have nothing to raport in rèspect of the following matters where the Companies Act 2006 requires us to r6port to you if, in Dur opinion.. adéquate accounting records have not been kept or rèturns adequata for our audit have not been received from branches not visited by us., or the financial statements 8re not in agra6m8nt with the accounllng records and returns,, or certain disclosures of trustaes, remuneration specified by law are not made- or we hava not received all the information and explanations we require for our audit.
Report of the Independent Auditors to the Members of Harrow Citizens Advice Bureaux Service Limited Responsibilities of trustee5 As explained more fully in the Statement of Trustees, Responsibilities, the trustees Iwho are also the dlrectors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for belng satisfiod that Ihey give a true and fair view, and for such internal control as the Iruste&s determine is nec8SSary to enable the preparation of financial ststements that are free from material misstat6m8nt, whothor due to fraud or error. In preparing Ihe financlal statements, the trustees are responsible for assessing Ihe Gharitable company's abllity to continue as a going concern, disclosing, as applicable, matters related to going GonGern and using the golng concern basis of accounting un16SS tho trusteas either intend to liquidate the charitable company or lo cease operations, or have no realistic altemative but to do so Our r8sponslbllltle8 for the audlt of th8 flnanclal statements Our objactivgs are lo obtain r?asonable assurance about whether the financial statemants as a whol@ are fro6 from material misststement, whether due to fraud or error, and lo issue a Report of the Independant AuditotE that includes our opinion. Reasonable assurance is a high level of assurance, but Is not 8 guarantee that an audit conducted in accordance with ISAS {UK> will always detect 8 rnalerial misstatement when it exists. Misstatements can arlse from fraud or error and are consider8d mat8rial if, individually or in Ihe aggr8gate, they could reasonably be expected to inlluence the aconomlc dacisions of usors taken on the basis of these financial statemenls. The extent to which our procedures are capable of detecting Irregularltles, including fraud is detailed below.. Qur approach lo identifying and &Jssessing th8 risks of material missiatemant 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 competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations., we Idenlified tha laws and regulations applicable to the company through discussiDns wlth th8 dir8Ctors and other management, and from our commercial knowledge and experience of the company's actlvltias and our prior knowledge of the Gompany's operations., Wa focused on specific laws and r8gulalions which we consider8d rnay have a direcl material effect on the financial statements or the operations of U)e company, including the Companies Act 2006. taxation 16gislation and data protection, anti-bribery, employment, and health and safety legislation., we assessed the extent of compliance with th& laws and regulations identified above through making enquiries of m8nagement and inspecting legal CarpOndence- and identified laws and regulations were communicated within the audit team regularly and the team remained alert to instsnces of non-compliance throughout th8 audit. wa assessed tho susceptibilily of the company's financial statements to material misstatement, Includlng obtaining an understanding of how fraud might occur, by, making enqulries of management as lo where they considered there was 8usceplibilily to fraud, their knowledge of actual, Suspected and all8ggd fraud. and Gonsidering the inlernal controls in place to mltigale risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through management blas and overrid& of controls, wo.. performed analytical procedures to identify any unusual or unexpected relationships., tested journal entries lo identify unusual transactions., assess&d whether judgements and assumptions made in determining the accounting estimates were indicative of potanlial bias., and Investigated the rationale behind significant or unusual transactions.
Report of the Independent Auditors to the Members of Harrow Citizens Advice Bureaux Service Limited Our responsibilities for the audit of the financial statements (continued) In response lo the risk of irregularities and noniompliance with laws and regulations, we designed procedures which included, but were not limited to= agreeing financial statement disclosuS to underfying supporting documentation- reading the minutes of meetings ofthose charged with govemance.. enquiring of management as to actual and potential litigation and claims- and reviewing correspondence with HMRC, and any other applicable corresponden. There are inherent limitations in our audit procedures described above. The more removed that laws and gUlationS are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required lo identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence. if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uklaudilorsresponsibilities. This description foms part of our Report of the Independent Auditors. Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state lo them in an auditors, report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work. for this report. or for the opinions we have formed. M Gazza (Senior lalutory Auditor) for and on behalf of Parker Cavendish Chartered Accountants Registered Auditor Suite 301, Stanmore Business and Innovation Centre Howard Road Slanmore Middlesex HA71FW Date: 16 October 2025
Harrow Citizen3 Advice Bureaux Service Llmited Statement of Flnanclal Actlvltles for the Year Ended 31 March 2025 2025 Total funds 2024 Total funds Unreslricled fund Rostrfcted Notes INCOME AND ENDOWMENTS FRO Donations and legacies 36,228 36,228 36,566 Charltable actlvltles Government & public avthority grants Other grants 315,098 24,410 315,098 406,317 275,935 474,091 381,907 Invastrnenl Income 6,097 6,097 5,455 Total 381,833 381,907 763,740 792,047 EXPENDITURE ON Charltabla actlvltles General Administration & Management 375 230 381,907 757,137 725 898 NET INCOME 6,603 6,603 66,149 RECONCILIATION OF FUNDS Total funds brought forward 572,560 572,560 506,411 TOTAL FUNDS CARRIED FORWARD 579163 579163 572 560 The notes form part of these financial statements
Harrow Citizens Advice Bureaux Service Limited Balance Sheet 31 March 2025 2025 Total funds 2024 Total funds unstcted fund Restricted Notes FIXED ASSETS Tangible assets 12,640 12,640 8,374 CURRENT ASSETS Debtors Cash al bank and in hand 12 139,564 466,933 139,564 466.933 100,250 529,271 606,497 606.497 629,521 CREDITORS Amounts falling due within one year 13 {39.974) (39,9741 {65.3351 NET CURRENT ASSETS 566,523 566,523 564,185 TOTAL ASSETS LESS CURRENT LIABILITIES 579.163 579.163 572,560 NET ASSETS 579,163 579.163 572,560 FUNDS Unrestricted funds 14 579.163 572,560 TOTAL FUNDS 579.163 572.560 The financial statements We approved by the Board of TnJstees and authorised for issue on16 October 2025 and were signed on its behalf by.. I Spilka rustee S D Ezekiel - T. stee The notes form part of these financial statements
Harrow Citizens Advice Bureaux Servlco Llmltod Cash Flow Statement for the Year Ended 31 March 2025 2025 2024 Notes Cash flows from operating actlvltles Cash generated frgm operations 59,956) 14,658) Net cash used in operating activities 59,958) Cash flows from investing activities Purchase of tangible fixgd assets Interest received (8,4791 5,455 Net ca8h (used inyprovided by investing activities 5,455 Change in cash and cash equlvalents in the roportlng perlod Cash and cash equivalents at the beglnning of the reportlng perlod (62,338) {9,203) 529,271 538 474 Cash and cash equlvalents at the end of the reporting period 466,933 529,271 The notes form part of Ihe8e financial slatements 10
Harrow Citizens Advice Bureaux Servlce Limited Notes to the Cash Flow Statement for the Year Ended 31 March 2025 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2025 2024 Net income for the reportlng perlod {as per the Statement of Flnan¢lal Activities) Adjustments for: Depreciation charges Interesl recelved Increase in debtors Decrease in creditors 6,803 66,149 4,213 (6,0971 {39,3141 25,3611 2,791 15,4551 {76,0941 Net cash usod in operations 59,956) ANALYSIS OF CHANGES IN NET FUNDS At 1.4,24 Cash flow At 31.3.25 Nat ca8h Cash al bank and in hand 529,271 82,3381 486,933 529,271 82,3381 466,g33 Total 529,271 62,3381 466,933 The notes form part of these flnanclal statements
Harrow Citizens Advlce Bureaux Service Limited Notes to the Financial Statements for the Year Ended 31 March 202S ACCOUNTING POLICIES Basls of preparing the flnanclal statements The financial statemanls of tha charitsble company, which is 8 public benefit entity under FRS 102, have been prepared in accc)rdance with the Chcirilies SORP IFRS 1021 'Accounting and Reporting by Charilles: Siatement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland {FRS 102} (effective 1 January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard appllcablo in the UK and Republic of Ireland, and tha Companias Act 2006. Th@ financial stat8menls have been prepad under the historical cost convention. The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous yearlperiod, and also have been consistently appliod within the same accounts. Incoming resources (i) Grants Receivable Grants made lo finance the activities of the buroau are credited to ths income and exponditure account In the period to which they relate. lil) Bank Interest Bank interest is included in the income and expendituré account on racaipt. (iii) Othar Incomé Sales of services are included in the income and expenditure account in the period to which they relate. Other income, including donations, gifls and covenants are included as they are received. (iv} Gifts and Intangible Income In addltlon lo the above, tha charity also receives help and support in the form of voluntary assistance in advising the public. Iv) Deferred Income Grants received in advance of the period in which the funded roquiros the oxponditure to be applied will b8 reflacted In daferrad incomè within the balance she8t. Expenditure Liabilities are recognised as expenditur8 as soon as ther8 is a 18gal or conslrucb've obligation commilling the charity tD that expenditure, it is probable that a transfer of aconomlc benefits wlll bo required in settlemant and the amount of the obligation can be measured reliably. Expendlture is accounted for on an accruals basls and has been classified under he8dings that aggregate all cost related to the Gategory. Where costs cannot be dlreclly atlributed to particular headings Ihey have been allocaled to activities on a basis consistent wilh the use of resources. Tanglble flxed assets Depreciation is provided at the following annual rates in order lo wrlle off each asset over its estimated useful life. Computer equipment 25Vo on reducing balance Taxation The charlly is exempt from corporalion lax on its charitable aclivilies. Fund accounting Unrestricted funds can bo usad in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specif16d by th6 donor or wh8n funds ar8 ralsed for particular restricted purposes. Further explanation of the nature and purpose of each fund is included In the notes lo the financial stakments. 12 continued...
Harrow Cltlzon8 Advlco Burèaux Servlce Llmlted Notes to the Financial Statements- continued for the Year Ended 31 March 2025 ACCOUNTING POLICIES- contlnued Pension costs and other p08t-retirement benefit5 The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme aro chargad lo Ihe Statamant of Financial Activities in the period lo which Ihey relate. Going con¢em The trustees have no concern8 regarding the charity's ability to continue as a going concem. The trustees have considered the possibl6 Ihroal to the company caused by tha cunI economlc conditions and are confidant that dua to the financlal slrgngth of the charfty, and tho ongoing commltrnent and support of Its major funders thal It will be able to continue operating for a period exceeding twelve months from Ihe dale of signing these financial statements. DONATIONS AND LEGACIES 2025 2024 Donations 36,228 36,566 INVESTMENT INCOME 2025 2024 Deposit account inter@st 6,097 5,455 INCOME FROM CHARITABLE ACTIVITIES 2025 2024 Gov8mment & public authority grants Other grants 315,098 406317 275,935 474 091 721415 750 026 CHARITABLE ACTIVITIES COSTS Support costs (s8e note 6} General Administration & Management 757,137 13 continued..
Harrow Cltlzens Advlce Bureaux Servicè Limitèd Notes to the Financial Statements- Continued for the Year Ended 31 March 2025 SUPPORT COSTS Governance costs Management Totals General Admlnistration & Management 731,280 25,877 757,137 NET INCOMEI(EXPENDITUREI Net inGomel(expenditure) is stated after chargingllGreditingl', 2025 2024 Auditors, remuneration Depreciation - owned assets 5,040 4,213 6,380 2,791 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, r6mun&ration or oth6r b8nafits for th6 year andad 31 March 2025 nor for the year endod 31 Mah 2024. Trustees. expenses Th8r8 w8r8 no trust8es' expens88 paid for the year 8nd8d 31 March 2025 nor for the year ended 31 March 2024. STAFF COSTS 2025 2024 Wages and salaries Social security costs Olher penslon costs 536,110 37,900 505,222 3g.815 593 569 562 258 The average monthly number of employees during the yearwas as follows.. 2025 21 2024 20 Management and administration No employe8s r8ceived emolument5 in excess of£60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Total funds Restricted INCOME AND ENDOWMENTS FROM Donations and legacies 36,566 36,566 Charltable activities Govemmenl & public authority grants Other grants 275,935 98,593 275,935 474,091 375,498 Investment income Total 416,549 375,498 792,047 EXPENDITURE ON Charilable activities Gen8ral Administration & Manag8m8nt 35D,400 375,498 725,898 continued.,.
Harrow Cltlzens Advl¢e Bureaux Service Limited Notes to the Financial Statements . continued for the Yoar Ended 31 March 2025 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- contlnued Unrestricted fund Total funds Restricted NET INCOMEI(EXPENDITURE) 86,149 68,149 RECONCILIATION OF FUNDS Total funds brought forward 506,411 506,411 TOTAL FUNDS CARRIED FORWARD 572,560 572,560 TANGIBLE FIXED ASSETS Computer equipment COST At 1 April 2024 Additions 32,354 8,479 At 31 March 2025 DEPRECIATION At 1 April 2024 Chargg for year 23,980 4,213 At 31 March 2025 NET BOOK VALUE At 31 March 2025 12,640 At 31 March 2024 8,374 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Prepayments and accrued income 139,564 100,250 13. CREDITORS,. AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Social security and other taxes Pension Contributions other cr8dilors Deferred income 18,280 3,443 7,260 10,991 10,870 2,633 34,430 17,402 39,974 65 335 15 continuad...
Harrow Citlzens Advice Bureaux Sarvlca Llmlted Notes to the Financlal Statements- continued for the Year Ended 31 March 2025 14, MOVEMENT IN FUNDS Net movement in funds At 31.3,25 At 1.4.24 Unrestrlcted funds General fvnd 572,560 6,603 576,163 TOTAL FUNDS 572,560 6,603 576,163 Net movement in funds, included In the above are as follows.. Incoming r6sourc6s Resourcos expended Movément in funds Unrestrlcted funds General fund 381,833 (375,23a) 8,603 Restrlcted funds Roslrlcted rasorves 381,907 1381,9071 TOTAL FUNDS 763 740 757 1371 Comparatives for movement in funds Net mov6m8nt in funds At 31.3.24 At 1.4.23 Unrestricted funds General fund 506,411 66,149 572,560 TOTAL FUNDS 506,411 66,149 572.560 Comparative net movement in funds, included In the above are as follows- Incorning resources Resources expended Mov8ment in lunds Unrestrlcted funds Gener81 fvnd 416,S19 1350,400} 66,14,98 Re8trlcted fund8 Restricted reserves 375,498 1375,4981 TOTAL FUNDS 792,047 725,8981 66,149 Restricted Reserves Th8re are no restricted funds in the current year or in the previous year. 16 Continued,..
Harrow Citizens Advice Bureaux Servlca Limited Notes to the Flnanclal Statomonts - contlnuod for the Year Ended 31 March 2025 14. MOVEMENT IN FUNDS- continued Unrastrictad R8serv6S Included in unrestricted reserves are the following amounts that hav8 been designated by the diractors: 4 months operating expenses to meel unexpecled events such as a significant loss of funding., £100,000 to cover insufficient core funding so th8t the charity can Continue to maintain serVIS for which it does not h8ve funding and also for possible redundancies in the event of losing core funding., 3. £100,000 for essantial 8xpenditur8, for &xample IT and premises, n8èded to malntsin operating capacity. 15. RELATED PARTY DISCLOSURES There were no related party Ir8nsaGtions for th8 year endèd 31 March 2025.
HaoW Citizens Advice Bureaux Service Limited Detallod Statement of Flnancial Activities for the Year Ended 31 March 2025 2025 2024 INCOME AND ENDOWMENTS Donations and legacies Donations 36,228 36,566 Investmènt Incomo D8POSit aG¢ount interest 6,097 5,455 Charitable activities Government & public authority grants other grants 315,098 406 317 275,935 474,091 721415 750 026 Total Incomlng re80urcos 763,740 792,047 EXPENDITURE Support cost8 Management Wages Social securlty Pensions Rent & rates Insurance 536,110 37,900 19,559 57,655 1,127 505,222 39,815 17,221 41,347 2,862 L 11 Talephone Postage and stationery subrIPtIOns Sundries Comput6r and software Repalrs & renewals Travel & slaff tralnlng Depreciation of tangible and heritage assets 5,930 4,657 7,661 36,407 11,676 2,378 5,987 4,213 12,898 3,570 8,933 34,499 5,652 24,139 4,391 2,791 731,260 703,340 Governance costs Auditors, r8muneration Accountancy and legal fees 5,040 6,360 16,198 22,558 Total resources expended 757 137 725,898 Net income 66,149 This page does not form part of the statutory financial 8tat8menls