Registered number: 3438957 Charity number: 1064862
IPSWICH AND DISTRICT CITIZENS ADVICE BUREAU
(A company limited by guarantee)
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
IPSWICH AND DISTRICT CITIZENS ADVICE BUREAU
(A company limited by guarantee)
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the Charity, its Trustees and advisers | 1 |
| Trustees' report | 2 - 9 |
| Independent examiner's report | 10 - 11 |
| Statement of financial activities | 12 |
| Balance sheet | 13 |
| Statement of cash flows | 14 |
| Notes to the financial statements | 15 - 33 |
IPSWICH AND DISTRICT CITIZENS ADVICE BUREAU
(A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025
S Pinnell, Interim Chair, from January 2024 (appointed 6 January 2024, resigned 1 August 2024) J Deacon D Podd T Cox A Blaga L Evans J Riley (resigned 18 April 2024) I Williamson E Bryant (appointed 27 August 2024) T Griffin (appointed 6 August 2024)
Company registered number 3438957 Charity registered number 1064862 Registered office Tower House 17 Tower Street Ipswich Suffolk IP1 3BE Bankers CAF Bank Limited 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ
Page 1
IPSWICH AND DISTRICT CITIZENS ADVICE BUREAU
(A company limited by guarantee)
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025
The Trustees present their annual report together with the financial statements of the Charity for the 1 April 2024 to 31 March 2025. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
The Charity also trades under the name Citizens Advice Ipswich.
Objectives and activities
a. Policies and objectives
The charity’s objectives are to promote any charitable purpose for the benefit of the community in Ipswich and surrounding areas, by the advancement of education, the protection and preservation of health and the relief of poverty, sickness and distress.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
b. Objectives, Strategies and Activities for the Year
Ipswich and District Citizens Advice Bureau provides free, confidential, impartial and independent advice and information for the benefit of the local community to exercise a responsible influence on the development of social policies and services and to ensure individuals do not suffer through a lack of knowledge or an inability to express their express their needs effectively.
The cost of living squeeze has continued to affect households across the country; those areas of deprivation have been particularly impacted. This has resulted in increased pressures on our services as we are a main gateway for accessing Charitable Support. Many of our statutory colleagues have continued to work remotely with reduced or no face-to-face services open for clients.
There are financial pressures on VCFSE colleagues across the area, many of who are having reduce or close their services, resulting in more clients seeking support from ourselves.
In addition to the continuing provision of quality assured advice services to the local community the primary objectives for the year were to increase capacity of the team to meet the additional needs and continue to maintain the partnership with key stakeholders.
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IPSWICH AND DISTRICT CITIZENS ADVICE BUREAU
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Objectives and activities (continued)
c. Public Benefit
The Trustees have paid due regard to the Charity Commission’s guidance on public benefit in deciding the activities undertaken by the local Citizens Advice during the year. The Trustees are satisfied that the information provided in the report and accounts meets in the public benefit reporting requirements. The principal activity of Citizens Advice Ipswich remained the provision of free, confidential, independent and impartial advice, information and counsel for members for the public. This is provided Monday to Friday through the central office in 17 Tower Street, Ipswich, IP1 3BE.
In addition to generalist advice, the following specialist advisory services were provide:
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Specialist Debt
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Specialist Welfare Benefits Advice
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Social Prescribing services
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Connect for Health (Delivering services in partnership with GP surgeries across Ipswich)
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Long Covid Clinic
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REACT team
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Energy Advice
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Income Maximisation (Addressing Fuel Poverty)
We are Gateway partners for and administer a number of charitable support options
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Gateway Partners for charitable support from LWAS,
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Glasspool Trust administrator
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Food Bank referrals
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Fuel Vouchers
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Local Grant giving Trusts
d. Community Impact
Citizens Advice Ipswich has the knowledge, skills and experience to make an impact where clients experience greatest need: most significantly in terms of preventing homelessness, maximising benefits and managing debts, including priority debts such as council tax and rent arrears outcomes. This generates tangible savings for statutory services in terms of lower costs incurred in a range of areas including temporary accommodation, debt enforcement, social care support and primary health care. The charity strives to empower people to help them solve the problems they face and to help them own the solutions to them.
Citizens Advice Impact tools help us to evaluate the difference we make to local communities. These include a New Economy and HM Treasury approved methodology and draws together evidence of the impact of all our activities. The benefits to the community can be expressed in money terms as:
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Fiscal savings
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Public value
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Benefits to individuals
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Improved emotional wellbeing
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IPSWICH AND DISTRICT CITIZENS ADVICE BUREAU
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Objectives and activities (continued)
e. Contribution of Volunteers
Voluntary social engagement is the heart and soul of Citizens Advice. Citizens Advice Ipswich is reliant on the work of volunteers who undertake a range of roles including administration, interrupting advice, casework and research and campaigning work and serving as trustees. The volunteer base is diverse and committed with 38 people who give a least one day a week to the service.
The monetary value of these services cannot be included in the Financial Statements and indeed their value is inadequately expressed in purely monetary terms. The trustees welcome the opportunity to acknowledge and praise the contribution which volunteers make to the charity with their enthusiasm and dedication. There were 38 volunteers active during the year contributing 6,505 hours of their time.
Calculated based on a living wage of £11.44 per hours this has an estimated financial value of £74,417; although the services they deliver would attract a wage higher than the living wage. As well as their time, care and life experience, the volunteers being the local community into Citizens Advice Ipswich, so that it is truly an integrated part of the society to which it belongs.
(2023/24: 5,630 hours of volunteering, £64,407)
Achievements and performance
a. Achievements and performance
Citizens Advice Ipswich reached 50 years of delivering service in July 2024, the AGM in November 2024 was held in Ipswich Town Hall the same venue that the initial public meeting to form Ipswich’s own Citizens Advice office was held back in 1973.
In the reporting period the business undertook a year three Leadership Self-Assessment evaluated by National Citizens Advice. This assessment looks deeply into eight different areas of the business and evaluates performance against a set criteria measuring quality standards. Citizens Advice Ipswich achieved the highest outcomes, making eight consecutive years of top marks when externally examined.
b. Charitable Activities
Citizens Advice Ipswich remains one of the busiest local citizens advice offices in Suffolk, approximately one third of the clients using citizens advice in Suffolk used the Ipswich local office. This is reflected in key statistics; our client management system known as Casebook records, clients and client issues in the following way:
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Unique clients – individual clients were counted once only during the period.
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Client Issues – client enquiries may include more than issue e.g. employment rights and tax credits or clients may return in the period with new enquiries
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Client Contacts – contact with clients by phone, letter, email or in person.
The data generated by the system shows that during 2024 – 2025 reporting period Citizens Advice Ipswich supported 9,032 clients presenting with 31,846 issues (2023/2024: 9,998 client contacts with 39,744 issues).
We are aware that we are unable to meet the full demand we are experiencing, we are continually reviewing our procedures and looking at ways to be more efficient, ensuring that we continue to meet vulnerable client needs.
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IPSWICH AND DISTRICT CITIZENS ADVICE BUREAU
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Achievements and performance (continued)
c. Combating Fuel Poverty
During 2024 to 2025 we worked to address fuel poverty through several different ways, all generalist advisers are being upskilled to be able to deliver basic energy saving advice. We have dedicated energy advisers (trained up NEA/City & Guilds Level 3 Award in Energy Awareness. We have been active in administering the Fuel Voucher Scheme which extends across Suffolk.
Our energy specialist work in partnership with Cadent Energy undertaking casework with vulnerable clients needing support to reduce their outgoings and energy costs alongside increasing their income to be able to better heat their homes. The demands for income maximisation are high with the assistance of Health Inequalities funding we were able to increase the capacity of this team.
An award from the Food Sustainability Fund enabled us to expand our reach to work with the Ipswich Top Up Shops offering advice and support directly to those most in need.
A further project commencing in February 2025 funded through SCC Ipswich PDP offers outreach support at the Top Up food shops across the town.
d. Digital Inclusion
From the start of the pandemic Citizens Advice Ipswich recognised that digital inclusion, already an issue in Ipswich would be a greater challenge for clients needing to access services that had to a greater or lesser extent moved to remote delivery.
Continued funding from Suffolk County Council under the hardship fund enabled us to support clients accessing Local Welfare Assistance (LWAS) much needed financial support for many households. The increase in demands for face-to-face services has promoted a greater focus on gathering data to understand the extent to which our services are being sought due to digital exclusion.
The National Lottery fund our specialist Welfare Benefits team, advice on welfare benefits continued to be in high demand we approached in the past year, with many queries around eligibility for claiming benefits (878 clients). The reduction in other town centre charities resulted in additional demand, a grant from Suffolk County Council to assist with capacity meet this has been welcomed.
Charitable Support: We have continued to support local charitable trusts as an agent in the administration of grants payable to individual clients as shown in the notes to the financial statements. The grants have a range of different criteria that advisers consider in line with client circumstances.
As a gateway to grants and support for many in need, we referred 746 clients to the local food bank and assisted with accessing a range of other essential grants.
Housing advice considerably increased, largely due to the changes in rental legislation and an increase in ‘no fault’ evictions, this has driven to the provision of a dedicated Housing and Employment specialist caseworker to work with some of the more complex situations.
Money Advice: During 2024-25 the Money Advice team continued to support clients and have written off £526,592 worth of debt. The team supported 486 clients (down from 557 the previous year).
The team undertook 24 Debt Relief Orders and 3 bankruptcies. It has been a challenging year, with increasingly vulnerable clients presenting and needing a great deal of support to resolve their money issues and get cases through to a conclusion. The team saw a notable increase in rent arrears, both with private rented properties and social housing.
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IPSWICH AND DISTRICT CITIZENS ADVICE BUREAU (A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Achievements and performance (continued)
There has been an increase in demands for Income Maximisation , driven by the impacts of the higher cost of living especially on working families on limited incomes. We have a specialist resource to review income and expenditure and seek areas to maximise household resources.
e. Factors relevant to achieve objectives
The charity is very aware of the financial pressures experienced by its major funders and in view of this has taken active measures to seek additional sources of income for its services.
Financial review
a. Financial review
Income in the year was £952,207 (2023/24: £986,135) of which £681,545 (2023/24: £753,869) related to project restricted activities.
Expenditure in the year amounted to £943,559 (2023/24: £959,722) comprised in large part to salaries for our employed staff £768,798 (including £1,377 redundancy payments) (2023/24: £741,675). It has been necessary to increase and strengthen the numbers of Management team to meet increased demands and meet commitment to deliver the contracted projects.
b. Reserves policy
Citizens Advice Ipswich is required to ensure that free monies are available in each financial year to meet any reasonably foreseeable contingency. We will maintain a projection of income for at least 3 years ahead and will ensure that this continues to be derived from as wide a variety of sources possible.
We will take all necessary steps to ensure that at no time within this period would it be possible for the cessation of one or more funding streams to present so serious a challenge to the future of the organisation that it could not be managed to continue to provide a best value advice service.
In reviewing the potential costs that could arise should a significant reduction in income be incurred that Trustees have determined that ‘free’ reserves of £430,000 should be maintained which is broadly equal to 6 months’ future budgeted operating expenditure of our core services. The charity’s actual free reserves on 31 March 2025 were £355,204 (2024: £315,611). Reasons for holding funds outlined in the notes to the accounts. The charity aims to rectify the small shortfall in the coming years and will monitor the position on an ongoing basis.
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IPSWICH AND DISTRICT CITIZENS ADVICE BUREAU (A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
c. Principal funding
The Directors extend their gratitude to Ipswich Borough Council, Suffolk and Northeast Essex Integrated Care Board, Suffolk County Council, The Rope Trust who continued to support core operating capacity of the charity. The delivery of specialist funded projects have enabled financial support for our Core services as part of the funding contributed to the management and in-direct costs needed to deliver these services.
Project funding includes:
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Money Advice and Pensions Service - Specialist accredited debt advice
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St Giles Trust - Delivering in partnership specialist debt advice to the probation service.
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Suffolk and Northeast Essex Foundation Trust Integrated Care Board - Connect for Health: (working with Primary care across Ipswich), REACT (Reactive Emergency Assessment Community Team): provide care and support to patients within their own home, avoiding the need for them to come into hospital, Long Covid Support: Supporting the Long Covid clinic based in Ipswich Hospital.
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The National Lottery - Specialist Welfare Benefits Advice including tribunal representation.
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Cadent Energy - Offering energy casework, to maximise household income for vulnerable clients.
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Yorkshire Building Society - Working in partnership to provide advice and support for YBS customers.
The charity did not have any borrowings from either provider of funding or other sources at the balance sheet date.
d. Plans for the Future
Within the context of a challenging environment the Board is pleased with the efforts of Citizens Advice Ipswich during the reporting year to deliver the best possible services. It believes the charity is well managed and would like to commend the exceptional work of the undertaken by skilled and committed staff and volunteers.
The trustees are grateful to the agencies and individuals who are working so hard to help us provide and maintain an effective and quality assured independent advice service for the people within the charity’s area of benefit.
The trustees recognise that funding for the core services has been reviewed on a 3-year basis is under transformational changes and its heavily reliant on additional specialist project funding.
The Board remains committed to securing new additional funding where possible, but this must be in line with meeting client needs and within the charity’s objectives.
The Board wishes to continue to deliver a range of funded services that support the local community, adding value through specialisms to our generalist advice offer. The Board is also keen to find ways to enable colleagues within the VCFSE community supporting clients in Ipswich to better support each other.
Development of a VCFSE hub in Tower Street is something that the Board want to encourage and facilitate, through property management of 19 Tower Street enabling an affordable VCFSE business centre for local organisations to rent office and workshop space in the town centre.
Page 7
IPSWICH AND DISTRICT CITIZENS ADVICE BUREAU
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Structure, governance and management
a. Governing Document
Ipswich and District Citizens Advice Bureau is a registered charity and a company limited by guarantee. Ipswich and District Citizens Advice Bureau is also known and referred to as Citizens Advice Ipswich. The maximum liability of each member is limited to £10. On 31 March 2025 the company had 14 members. Ipswich and District Citizens Advice Bureau is governed by its Memorandum and Articles of Association as amended on 24 September 2022.
Ipswich and District Citizens Advice Bureau was incorporated as a company limited by guarantee on 24 September 1997. The charity commenced operations on 14 October 1997 at which date the assets and liabilities of the unincorporated Ipswich and District Citizens Advice Bureau were acquired.
b. Recruitment, Appointment of Trustees
Trustees, who are also Directors of the Company, are elected from the local community. An Elections Committee, made up of Trustees, the Company Secretary and chaired by the Chair is established to oversee the elections process for Board appointments. A separate process agreed by the Trustee Board is followed for the election of the Chair.
The Reference and Administrative Details above identifies the constituencies that elected each of the current trustees. No other persons or bodies external to the charity were entitled to appoint persons to the Trustee Board.
c. Induction of Trustees
Newly appointed Trustees are provided with a comprehensive induction to Citizens Advice Ipswich through the provision of training courses and mentoring by established trustees.
d. Organisational Structure
Citizens Advice Ipswich is governed by its Trustee Board which is responsible for setting the strategic direction of the organisation and the policy of the charity. The Trustees carry the ultimate responsibility for the conduct of Citizens Advice Ipswich and for ensuring that the charity satisfies its legal and contractual obligations. Trustees meet as a minimum quarterly and delegate the day-to-day operation of the organisation to senior management. The Trustee Board is independent from management. A register of members’ interests is maintained at the registered office, and is available to the public.
e. Related party relationships
Ipswich and District Citizens Advice Bureau is a member of Citizens Advice, the operating name of the National Association of Citizens Advice, which provides a framework for standards of advice and casework management as well as monitoring progress against these standards. Operating policies are independently determined by the Trustee Board of Citizens Advice Ipswich to fulfil its charitable objects and comply with the national membership requirements.
The charity also co-operates and liaises with a number of other advisory services, local charities and social services departments on behalf of clients. Where one of the trustees holds the position of trustee/director of another charity they may be involved in discussions regarding that other charity but not in the ultimate decisionmaking process.
Page 8
IPSWICH AND DISTRICT CITIZENS ADVICE BUREAU
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Structure, governance and management (continued)
f. Major risks
A risk management strategy and risk register were agreed by the Trustee Board. The Trustees recognise that any major risks to which to which the charity is exposed need to be reviewed and systems put in place to mitigate those risks. To that end, Ipswich and District Citizens Advice Bureau is continually monitoring and managing its risk, reviewing the corporate risk register, and ensuring action plans are in place to mitigate its key risks
Included in external risks is that of the loss of funding. The effects of this have been minimised by the procedures in place, which have resulted in funding being secured from a variety of sources.
The charity continues to seek to diversify its funding sources. Internal risks are minimised by the implementation of procedures for authorisation of all transactions and projects and to ensure consistent quality of delivery for all operational aspects of the charitable company. These procedures are periodically reviewed to ensure that they still meet the needs of the charity.
Statement of Trustees' responsibilities
The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles of the Charities SORP (FRS 102);
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make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
I Williamson Financial Management Portfolio Holder Date: 16 October 2025
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IPSWICH AND DISTRICT CITIZENS ADVICE BUREAU
(A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025
Independent examiner's report to the Trustees of Ipswich and District Citizens Advice Bureau ('the Charity')
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2025.
Responsibilities and basis of report
As the Trustees of the Charity (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Insitute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
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IPSWICH AND DISTRICT CITIZENS ADVICE BUREAU (A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed:
Dated: 22 October 2025
Giles Kerkham FCA DChA
Larking Gowen LLP Chartered Accountants Ipswich
Page 11
IPSWICH AND DISTRICT CITIZENS ADVICE BUREAU
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025
| Note Income from: Donations and legacies 3 Charitable activities 4 Investments 5 Total income Expenditure on: Charitable activities Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward as previously stated Prior year adjustment Total funds brought forward as restated Net movement in funds Total funds carried forward |
Unrestricted funds 2025 £ 162,655 102,824 5,183 270,662 231,069 231,069 39,593 315,611 - 315,611 39,593 355,204 |
Restricted funds 2025 £ - 681,545 - 681,545 712,490 712,490 (30,945) 30,945 - 30,945 (30,945) - |
Total funds 2025 £ 162,655 784,369 5,183 952,207 943,559 943,559 8,648 346,556 - 346,556 8,648 355,204 |
Total funds 2024 £ 181,692 799,618 4,825 |
|---|---|---|---|---|
| 986,135 | ||||
| 959,722 | ||||
| 959,722 | ||||
| 26,413 | ||||
| 318,143 2,000 |
||||
| 320,143 26,413 |
||||
| 346,556 |
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 15 to 33 form part of these financial statements.
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IPSWICH AND DISTRICT CITIZENS ADVICE BUREAU
(A company limited by guarantee) REGISTERED NUMBER: 3438957
BALANCE SHEET AS AT 31 MARCH 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | |||
| Fixed assets | |||||
| Current assets | |||||
| Debtors | 10 | 2,569 | 26,611 | ||
| Cash at bank and in hand | 522,341 | 398,550 | |||
| 524,910 | 425,161 | ||||
| Current liabilities | |||||
| Creditors: amounts falling due within one | |||||
| year | 11 | (169,706) | (78,605) | ||
| Net current assets | 355,204 | 346,556 | |||
| Total net assets | 355,204 | 346,556 | |||
| Charity funds | |||||
| Restricted funds | 12 | - | 30,945 | ||
| Unrestricted funds | 12 | 355,204 | 315,611 | ||
| Total funds | 355,204 | 346,556 |
The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
................................................
I Williamson
Financial Management Portfolio Holder Date: 16 October 2025
The notes on pages 15 to 33 form part of these financial statements.
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IPSWICH AND DISTRICT CITIZENS ADVICE BUREAU
(A company limited by guarantee)
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025
| Cash flows from operating activities Net cash used in operating activities Cash flows from investing activities Interest received Net cash provided by investing activities Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year The notes on pages 15 to 33 form part of these financial statements |
2025 £ 118,608 5,183 5,183 123,791 398,550 522,341 |
2024 £ 5,610 |
|---|---|---|
| 4,825 | ||
| 4,825 | ||
| 10,435 388,115 |
||
| 398,550 | ||
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IPSWICH AND DISTRICT CITIZENS ADVICE BUREAU (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 19 Tower Street, Ipswich, Suffolk, IP1 3BE.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Ipswich and District Citizens Advice Bureau meets the definition of a public benefit entity under FRS 102. The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
2.2 Going Concern
The accounts have been prepared on the ongoing concern basis and the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected income and expenditure for the next 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the Charity to be able to continue as a going concern.
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IPSWICH AND DISTRICT CITIZENS ADVICE BUREAU (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
2. Accounting policies (continued)
2.3 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable, and its amount can be measured reliably.
Legacy income is recognised when receipt is probable, and entitlement is established
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
Income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
2.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.5 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
Page 16
IPSWICH AND DISTRICT CITIZENS ADVICE BUREAU
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
2. Accounting policies (continued)
2.6 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.7 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.8 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
2.9 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.10 Pensions
The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.
Page 17
IPSWICH AND DISTRICT CITIZENS ADVICE BUREAU
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
2. Accounting policies (continued)
2.11 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs 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 to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
3. Income from donations and legacies
| Unrestricted funds 2025 £ Core grants Ipswich Borough Council 95,000 Suffolk County Council 29,700 Babergh District Council - Local Grant Giving Trust 20,000 144,700 Donations 17,955 Legacies - 162,655 |
Total funds 2025 £ 95,000 29,700 - 20,000 144,700 17,955 - 162,655 |
Total funds 2024 £ 95,000 29,700 7,673 30,000 |
|---|---|---|
| 162,373 | ||
| 14,319 5,000 |
||
| 181,692 |
Page 18
IPSWICH AND DISTRICT CITIZENS ADVICE BUREAU
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4. Income from charitable activities
| Unrestricted funds 2025 £ Income from charitable activities 102,824 Unrestricted funds 2024 £ Income from charitable activities 45,749 |
Restricted funds 2025 £ 681,545 Restricted funds 2024 £ 753,869 |
Total funds 2025 £ 784,369 |
|---|---|---|
| Total funds 2024 £ 799,618 |
Page 19
IPSWICH AND DISTRICT CITIZENS ADVICE BUREAU
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Charitable activities
| Grants Suffolk County Council Disability Advice Suffolk County Council Health Inequalities Suffolk County Council PDP Suffolk County Council SIP grant Locality budget Ipswich Borough Council Sustainable Food Service agreements Suffolk and North East Essex Integrated Care Board (Social Prescribing, Connect for Health) ESNFT (Social Prescribing, Long Covid Support) ESNFT (Social Prescribing, REACT) Cadent Energy Money Advice and Pensions Service (Debt advice) St Giles Trust (probation service support) National Lottery (Welfare Benefits) Yorkshire Building Society Suffolk County Council (Local Welfare Assistance Scheme) Other |
Unrestricted funds 2025 £ 10,000 - - 4,500 - - |
Restricted funds 2025 £ - 25,000 2,500 - 937 1,250 |
Total funds 2025 £ 10,000 25,000 2,500 4,500 937 1,250 |
|---|---|---|---|
| 14,500 - - - - - - - - 88,000 324 |
29,687 194,141 61,900 108,712 46,233 111,951 28,452 91,244 8,721 - 504 |
44,187 194,141 61,900 108,712 46,233 111,951 28,452 91,244 8,721 88,000 828 |
|
| 88,324 | 651,858 | 740,182 | |
| 102,824 | 681,545 | 784,369 |
Page 21
IPSWICH AND DISTRICT CITIZENS ADVICE BUREAU
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
| Grants National Lottery (Cost of Living) Money Advice & Pensions Service IBC Resilience Grant Charitable Grant President Locality budget Contracts and fees Suffolk and North East Essex Integrated Care Board (Social Prescribing, Connect for Health) ESNFT (Social Prescribing, Long Covid Support) ESNFT (Social Prescribing, REACT) ESNFT (Social Prescribing, Welcome Home) Energy Advice Program Cadent Energy Money Advice and Pensions Service (Debt advice) St Giles Trust (probation service support) Suffolk Community Foundation (Fuel Poverty / Surviving Winter) National Lottery (Welfare Benefits) Yorkshire Building Society Suffolk County Council (Local Welfare Assistance Scheme) Other |
Unrestricted funds 2024 £ - - 2,500 2,000 - |
Restricted funds 2024 £ 75,000 4,357 - - 3,479 |
Total funds 2024 £ 75,000 4,357 2,500 2,000 3,479 |
|---|---|---|---|
| 4,500 - - - - - - - - - - - 44,000 1,029 |
82,836 173,248 71,393 108,712 71,800 5,200 39,575 112,581 11,565 49,000 16,009 9,450 - 2,500 |
87,336 173,248 71,393 108,712 71,800 5,200 39,575 112,581 11,565 49,000 16,009 9,450 44,000 3,529 |
|
| 45,029 | 671,033 | 716,062 | |
| 49,529 | 753,869 | 803,338 |
Page 22
IPSWICH AND DISTRICT CITIZENS ADVICE BUREAU
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
5. Investment income
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2025 | 2025 | 2024 | |
| £ | £ | £ | |
| Bank interest | 5,183 | 5,183 | 4,825 |
6. Analysis of expenditure by activities
| Charitable activities Charitable activities |
Activities undertaken directly 2025 £ 711,427 Activities undertaken directly 2024 £ 657,095 |
Support costs 2025 £ 232,132 Support costs 2024 £ 302,627 |
Total funds 2025 £ 943,559 |
|---|---|---|---|
| Total funds 2024 £ 959,722 |
Page 22
IPSWICH AND DISTRICT CITIZENS ADVICE BUREAU
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
6. Analysis of expenditure by activities (continued)
Analysis of direct costs
| Staff costs Recruitment Refreshments Training Travel expenses Other staff and volunteer costs |
Total funds 2025 £ 697,754 650 4,432 699 3,938 3,954 711,427 |
Total funds 2024 £ 639,070 375 4,119 1,220 3,030 9,281 |
|---|---|---|
| 657,095 |
Page 23
(A company limited by guarantee)
IPSWICH AND DISTRICT CITIZENS ADVICE BUREAU
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
6. Analysis of expenditure by activities (continued)
Analysis of support costs
| Staff costs Insurance IT equipment and support Office expenses Bank charges Publicity and promotion Reference materials and subscriptions Telephone and communications Rent Light and heating Cleaning, repairs and maintenance Moving costs Consultancy fees Other premises costs Partner payments Governance costs 7. Independent examiner's remuneration Fees payable to the Charity's independent examiner for the independent examination of the Charity's annual accounts |
Total funds 2025 £ 71,044 2,101 20,426 26,108 120 7,870 10,223 19,518 28,975 5,942 16,449 927 4,508 8,644 497 8,780 232,132 2025 £ 5,000 |
Total funds 2024 £ 102,605 2,043 28,272 34,040 121 830 9,278 12,714 25,415 4,190 8,040 50,263 2,434 2,993 12,500 6,889 |
|---|---|---|
| 302,627 | ||
| 2024 £ 7,000 |
Page 24
(A company limited by guarantee)
IPSWICH AND DISTRICT CITIZENS ADVICE BUREAU
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
8. Staff costs
| Wages and salaries Social security costs Contribution to defined contribution pension schemes |
2025 £ 686,347 55,039 27,412 768,798 |
2024 £ 662,363 51,027 28,285 |
|---|---|---|
| 741,675 |
During the year, the charity incurred redundancy payments totaling £1,377 (2024: £Nil).
The average number of persons employed by the Charity during the year was as follows:
| 2025 | 2024 | |
|---|---|---|
| No. | No. | |
| Employees | 40 | 43 |
No employee received remuneration amounting to more than £60,000 in either year.
The key management personnel of the charity comprise the trustees and the senior management team as listed in these financial statements. The trustees neither received nor waived any remuneration during the year (2024: £Nil) . The total amount of employee benefits (including employer pension contributions) received by senior management for their services to the charity was £136,450 (2024: £76,772) .
9. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2024 - £NIL) .
During the year ended 31 March 2025, no Trustee expenses have been incurred (2024 - £NIL) .
Page 25
IPSWICH AND DISTRICT CITIZENS ADVICE BUREAU
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
10. Debtors
| Due within one year Other debtors |
2025 £ 2,569 2,569 |
2024 £ 26,611 |
|---|---|---|
| 26,611 |
11. Creditors: Amounts falling due within one year
| Other taxation and social security Other creditors Accruals and deferred income |
2025 £ 33,134 58,839 77,733 169,706 |
2024 £ 4,295 68,610 5,700 |
|---|---|---|
| 78,605 |
Deferred income includes funds received in advance of the satisfaction of performance-related and timebased conditions and is recognised as income in line with the delivery of those conditions. At 31 March 2025, deferred income comprises £43,983 relating to welfare benefits and £33,750 relating to income maximisation activities.
Page 26
IPSWICH AND DISTRICT CITIZENS ADVICE BUREAU
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
12. Statement of funds
Statement of funds - current year
| Unrestricted funds Designated funds Premises Fund Transitional Funds Office Commitment Photocopy Lease Premises Lease Fund Redundancy Commitment General funds General Funds Total Unrestricted funds Restricted funds National Lottery Cadent Suffolk Community Foundation (Surviving Winter) Yorkshire Building Society Suffolk and North East Essex Integrated Care Board ESNFT (Long Covid Support) ESNFT (REACT) Money Advice and Pensions Service Other restricted funds Total of funds |
Balance at 1 April 2024 £ 30,000 10,000 8,996 13,825 35,764 98,585 217,026 315,611 - - 28,583 2,362 - - - - - 30,945 346,556 |
Income £ - - - - - - 270,662 270,662 91,475 46,233 - 8,721 194,141 61,900 108,712 111,951 58,412 681,545 952,207 |
Expenditure £ - - (8,996) - - (8,996) (222,073) (231,069) (91,475) (46,233) (28,583) (11,083) (194,141) (61,900) (108,712) (111,951) (58,412) (712,490) (943,559) |
Balance at 31 March 2025 £ 30,000 10,000 - 13,825 35,764 |
|---|---|---|---|---|
| 89,589 | ||||
| 265,615 | ||||
| 355,204 | ||||
| - - - - - - - - - |
||||
| - | ||||
| 355,204 |
Page 27
IPSWICH AND DISTRICT CITIZENS ADVICE BUREAU
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
12. Statement of funds (continued)
Designated funds:
Premises Fund - reserves to be used in the event of potential capital expenditure needs not already allocated as running costs in the budget.
Transitional Funds - reserves to cover staff salaries in the event of a contract finishing before a new contract is in place.
Office commitment photocopy lease - reserves to cover the cost of the photocopier lease agreement.
Premises Lease Fund - reserves to cover the rental costs for 6 months should notice be served.
Redundancy Commitment - reserves to cover the current legal redundancy commitment in the event of business closure.
Restricted funds:
National Lottery - funding to meet the increase in cost of living expenditure for the charity to cover general core services.
Cadent - funding to cover staff costs to deliver energy saving and income maximisation advice.
Suffolk Community Foundation (Surviving Winter) - funding to cover staff costs for administration of Surviving Winter grants to qualifying Suffolk households.
Yorkshire Building Society - funding to deliver weekly advice and support to Yorkshire Building Society.
Suffolk and North Essex Integrated Care Board - funding to cover staff costs for delivery of social prescribing in Ipswich East and Ipswich West INTs in partnership with Ipswich healthcare professionals.
ESNFT (Long Covid Support) - funding to cover staff costs for delivery of social prescribing to Long Covid clinic patients.
ESNFT (REACT) - funding to cover staff costs for delivery of social prescribing to REACT patients.
Money Advice and Pensions Service - funding to cover staff costs to deliver accredited debt advice.
Other restricted funds include smaller amounts that are used to deliver specified projects.
Page 28
IPSWICH AND DISTRICT CITIZENS ADVICE BUREAU
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
12. Statement of funds (continued)
Statement of funds - prior year
| Unrestricted funds Designated funds Premises Fund Transitional Funds Office Commitment Photocopy Lease Premises Lease Fund Redundancy Commitment General funds General Funds Total Unrestricted funds |
As restated Balance at 1 April 2023 £ 30,000 10,000 15,420 13,825 35,764 105,009 164,725 269,734 |
Income £ - - - - - - 232,266 232,266 |
Expenditure £ - - (6,424) - - (6,424) (179,965) (186,389) |
As restated Balance at 31 March 2024 £ 30,000 10,000 8,996 13,825 35,764 |
|---|---|---|---|---|
| 98,585 | ||||
| 217,026 | ||||
| 315,611 |
Page 29
IPSWICH AND DISTRICT CITIZENS ADVICE BUREAU
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
12. Statement of funds (continued)
| Restricted funds National Lottery ESNFT (Welcome Home) Cadent Suffolk Community Foundation (Surviving Winter) Yorkshire Building Society Suffolk and North East Essex Integrated Care Board ESNFT (Long Covid Support) ESNFT (REACT) Money Advice and Pensions Service Other restricted funds Total of funds |
8,004 14,360 3,541 24,504 - - - - - - 50,409 320,143 |
75,000 71,800 39,575 49,000 9,450 173,248 71,393 108,712 112,581 43,110 753,869 986,135 |
(83,004) (86,160) (43,116) (44,921) (7,088) (173,248) (71,393) (108,712) (112,581) (43,110) (773,333) (959,722) |
- - - 28,583 2,362 - - - - - |
|---|---|---|---|---|
| 30,945 | ||||
| 346,556 |
13. Summary of funds
Summary of funds - current year
| Designated funds General funds Restricted funds |
Balance at 1 April 2024 £ 98,585 217,026 30,945 346,556 |
Income £ - 270,662 681,545 952,207 |
Expenditure £ (8,996) (222,073) (712,490) (943,559) |
Balance at 31 March 2025 £ 89,589 265,615 - |
|---|---|---|---|---|
| 355,204 |
Page 30
IPSWICH AND DISTRICT CITIZENS ADVICE BUREAU
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
13. Summary of funds (continued)
Summary of funds - prior year
| Designated funds General funds Restricted funds |
As restated Balance at 1 April 2023 £ 105,009 164,725 50,409 320,143 |
Income £ - 232,266 753,869 986,135 |
Expenditure £ (6,424) (179,965) (773,333) (959,722) |
Balance at 31 March 2024 £ 98,585 217,026 30,945 |
|---|---|---|---|---|
| 346,556 |
14. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Unrestricted funds 2025 £ Current assets 524,910 Creditors due within one year (169,706) Total 355,204 |
Total funds 2025 £ 524,910 (169,706) |
|---|---|
| 355,204 |
Analysis of net assets between funds - prior year
| Current assets Creditors due within one year Total |
Unrestricted funds 2024 £ 394,216 (78,605) 315,611 |
Restricted funds 2024 £ 30,945 - 30,945 |
Total funds 2024 £ 425,161 (78,605) |
|---|---|---|---|
| 346,556 |
Page 31
IPSWICH AND DISTRICT CITIZENS ADVICE BUREAU
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
15. Reconciliation of net movement in funds to net cash flow from operating activities
| Net income for the year (as per Statement of Financial Activities) Adjustments for: Interest received Decrease/(increase) in debtors Increase in creditors Net cash provided by operating activities 16. Analysis of cash and cash equivalents Cash in hand Total cash and cash equivalents 17. Analysis of changes in net debt At 1 April 2024 £ Cash at bank and in hand 398,550 398,550 |
2025 £ 8,648 (5,183) 24,042 91,101 118,608 2025 £ 522,341 522,341 Cash flows £ 123,791 123,791 |
2024 £ 26,413 (4,825) (25,769) 9,791 5,610 2024 £ 398,550 398,550 At 31 March 2025 £ 522,341 522,341 |
|---|---|---|
18. Pension commitments
The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £27,412 (2024: £28,285) . Contributions totalling £4,138 (2024 - £7,717) were payable to the fund at the balance sheet date.
Page 32
IPSWICH AND DISTRICT CITIZENS ADVICE BUREAU
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
19. Operating lease commitments
At 31 March 2025 the Charity had commitments to make future minimum lease payments under noncancellable operating leases as follows:
| Not later than 1 year Later than 1 year and not later than 5 years Later than 5 years |
2025 £ 27,650 110,600 255,763 394,013 |
2024 £ 8,996 - - |
|---|---|---|
| 8,996 |
As at 31 March 2025, the Charity occupy the premises at Tower House. The lease was signed with an expiry date of June 2049, with the option to break at 2039 and again in 2044. The annual lease commitment is £27,650, subject to review every three years. The commitment above has been calculated to the first break date, being June 2039.
20. Agency arrangements
The Charity acts as an agent in distributing grants to qualifying households in Suffolk. In the year, the Charity received £73,431 (2024: £227,459) , and disbursed £71,872 (2024: £249,798) . An amount of £54,702 (2024: £60,036) is payable at 31 March 2025 and is included in other creditors. £Nil (2024: £Nil) has been recognised in income and expenditure in the Statement of financial activities.
21. Related party transactions
The Charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Charity at 31 March 2025.
22. Controlling party
There is no ultimate controlling party.
Page 33