SOUTH 8RISTOL ADVICE SERVICES LIMITED BY GUARANTEE REPORT ANO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 NTENTS Management committee's report 2-17 Independent examinerfs report 18 Staternent of financial activities 19 Balance sheet 20-21 Notes to the financial 5tatementS 22-32 Registered charity number- 1066392 Company number-3469233 *DVKE ￿tr￿Es SOUTH BRISTOL ADVICE SERVICES LIMITED BY GUARANTEE REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Re ort of the Mana ement C¢xnmittee for ear ended 31 March 2026 The Management Commitiee presents rts report and financial statements for the year ended 31 March 2026. Due to the Management Committee's statu5 as directors under the Companies Act 2006, and Trustees under the Charities Act 2011, this report constitutes a directors, report as required by the Companies Act 2006 and a trustees. report as required by the Charities Act 2011 and has been prepared taking advantage of the exemptions conferred by Part 15 of this act. The financial 5taternents comply with the Charities Act 2011. the Companies Act 2006. the Memorandum and Articles of Association, and Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 2019), and with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102}. OBJEcfs ANO A￿1VITIEs The objects of the charity are the promotion of any charitable purposes for the benefit of people living in south Bristol. throu8h the advancement of education. the protection of health, and relief of poverty, sickness. and distress. The charity sought to further these objects for the year through the provision of information advice and advocacy as summarised below. Our generalist service offers information. advice and advocacy and we have a wide referral network that includes many external agencies. support groups and medical Services. We also have internal referrals to our specialist welfare benefits and debt team. We have the Advice Quality Standard IAQSI for Debt and Welfare Benefits. and we are members of Advice UK. The trustees have had due regard to the Charity Commission guidance on public benefit in deciding what activities we should undertake and confirm that all our activities are undertaken to further Our charitable purposes for the public benefrt. SOUTH BRISTOL ADVICE SERVICES LIMITED BY GUARANTEE REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Re ort of the Mana ement Cornrnittee for ear ended 31 March 2026 cont. ACHIEVEMENT AND PEFORMANCE South Bristol Advice Services has. had another successful year. working on behalf of our service users (Clients) to ensure that they receive ihe financial support in line with their entitlements. with regard to their specific circumstances and in accordance with their circumstances. We have seen more clients in this period than we saw last year. There is an increase in clients with Mental ill health. We are seeing rnany clients thal do not usually require our help, but due to the cost of living and the changes to the Welfare Benefits through Migration to Universal Credit, they are being adversely affected as the system is complex. The need for a phone and email and proofs of identity to make a claim are puttin8 many of our clients at risk of losing payments; the fact that rent is paid with Universal Credit as Housing Allowance also puts them risk of Homelessness. Our community Our community has most of the LSOAS in Bristol. It is often overlooked as having deprivation as the Local Super Output areas are bordered by well to do areas. The highest Level of Deprivation in Brislol at Ward level Hartcliffe and Withyv400d, Hengrove and Whitchurch Park Lawrence Hill 34 LSOA in the most income deprived IIYA Nationallv. 17 are in South Bristol The 10 most deprlved LSOAS (areas of approx. 1.500) Out of 41. Are all in South Bristol in Hartcliffe and Withywood, Whitchurch Park, Knowle West LSOA Hareclive 91 most Deprived Nationally 3 highest Peoples Struggling Financially by Equality Groups Single Parents 30% Black Ethnicity 24% Disabled 21.5% Income Deprivation Affecting Children Bristol has I7.2￿ who live in deprived households in 7 LSOAS. 6 are in South Bristol th Whitchurch Lane ifs the 99 most deprived area in England Health Deprivation & Disability 34 LSOAS in the IO% of England Deprivation 21 in South Bristol. 7 in the Inner City. 4 in Noth and West 2 in East Bristol SOUTH BRISTOL ADVICE SERVICES LIMITED BY GUARANTEE REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 ort of the Mana ement Committee for ear ended 31 March 2026 cont. The Following charts illustrate the work we have carried out on behalf of the community Opened and Closed Cases 2025.2026 • Opened 23 • Cljsed We have on average 450 cases open that we are working on at any one time. This is an increase of l(hJ+ on the 2024- 2025 period Please note Over 2.(KM) additional clients have been provided with one off advice, fact sheets, the use of a computer or a phone. or the contact detai15 of another or8ani5ation whose details are not recorded except by Tally Sheet SOUTH BRISTOL ADVICE SERVICES LIMITED BY GUARANTEE REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Re ort of the Mana ement Committee for ear ended 31 March 2026 cont. Health & Disability 2025-2026 4)3 Physcal • F.leni¥ &Pts64 *65+ 538 Nol &ven Gender 2025- 2026 Female • Male Prefer not if) say Trans8endef B￿ar¥ Fundlng South 8ristol Advice Services values and appreciates every Funder or Contribution to our work. SOUTH BRISTOL ADVICE SERVICES LIMITED BY GUARANTEE REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 ort of ihe Mana ement Committee for ear ended 31 March 2026 cont. 818Thanks to The National Lottery Community Fund COMMUNITY FUND For many years we have struggled each year to provide the South Bristol Community with Welfare Benefit Advice and Advocacy. In 2022 we were successful in our bid to the National Lottery Comrnunity Fund. This has enabled us to complete the last few years without the stress of potential loss of hours or redundancy for our team and the1055 of service to our community. Our award 15 due to end December 2026 We have re applied. Thank You to We remain grateful to 8rfstol Clty Coundl, Trusts and Foundations and charities for keepin8 our project work going and allowing 2000 Plus Service Users/Cllents a year lo receive help to Maximise their income. help them deal with the cost ol livlng with a disabllltyl help deal with debt. to prevent hornelessness and Hunger. Prevent Homelessness. The majority of Our clients are vulnerable due to Disability with 71% of our dients identlfylng as havlng a Disability or issue. Bristol water Wessex Water Clients with Water Debt Quartet Communlty Foundation/Chapman Family Fund /Alfred Hill Fund Quortet Community Foundation Homelessness Prevention UTH BRISTOL AOVICE SERVICES LIMITED BY GUARANTEE REPORT AND FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Re ort of the Mana eme ommittee for ear ended 31 March 2026 cont. Bristol City Council as Part of the Bristol Advice'Partnership (BAPI and the Household Support Fund 7 {HSFI Garfield Weston FOINDATirffti Core Funding for one year Pro Èct Work Our projects are designed to help the most vulnerable clients, the emphasis being on Maxirnising and preventingthe loss of income and preventing the escalation of Poverty and lor Debt due to clients not having the capacity to fully understand their rights as to additional income due to their illness or disability. The current political climate and the portrayal of Welfare Benefit clients in the rnedia has led to many of our clients in particular who have mental issues or who are older. from pursuing claims and appeals. We use our community contacts and our long-term contacts through our local network and referral to seek the most vulnerable and hard to reach members of our community. SOLrrH BRISTOL ADVICE SERVICES UMITED BY GUARANTEE REPORT AND FINANCIAL STATEMENT5 FOR THE YEAR EhlDED 31 MARCH 2026 Re ort of the Mana ement Committee for r ended 31 March 2026 cont. Financial Gains £5.660,411 1st April 2025- 31st March 2026 f 39.096 E160.779 E229.154 £136.945 £0 Attendence Allowancè 8ristol wes$￿ Water £153.247 444,369,. Child OLA Debi Relief Order Discretionary Housing Paymeni E5AIUC50 Charitable Payment 812.107 £1.715.39 Debt Wriie off Pens*Jn CrEdit PIP Appeals PIP new claim 36: PIP Review PIP Increase PIP Lump Sum £9.985 E37.855 Universal Credit UC 8ackdate £20.963 £17￿25 £53.162 The Older Peoples Disability and Income Maximisation Project The project was part funded through Quartd via Chapman Family Fund IAlfred Hlll Fund Quortet Community Foundation who awarded us 3 years of funding for this project. Ends 2027 We had no specific Funding for our Mental Heafth- additional support Welfare Benefit but we were funded for Welfare Benefit advice via our National Lottery Community Funding. io SOUTH BRISTOL ADVICE SERVICES LIMITED BY GUARANTEE REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 ort of the Mana ement Committee for ear ended 31 March 2026 cont. PLANS FOR THE FUTURE We are looking for funders with whom we have history for some 3-year round5 of awards. This would improve the sustainability of the projects. Our proiecis are created by the need we observe and from evidence through our Data Base. We are working on building funding partner5hip5 Wlth other agencies and or organisations to strengthen the services we provide to the Community. We remain committed to providing Advice and Assistance to the South 8ristol Community and are along with the Management Committee lo re view our Funding strate8y in the coming months to consider the impact of the changes to Welfare Benefits and the continuing cost of living crisis will have on our clients. We hope to fund a deputy CEO to help with the running and build some succession planning to help safeguard the orBanisation in future years. li SOUTH BRISTOL ADVICE SERVICES LIMITED 8Y GUARANTEE REPORT AND FINANCIAL5TATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Re ort of the Mana ement Committee for ear ended 31 March 2026 cont. GENERAL INFORMATION Accountants & Independent Examiner: Metis Tax Castlemead Lower Castle Street Bristol 8513AG Bankers: Unity Trust Bank 4 The Square l Broad Street Birmingham 815 IAR Principal Address: Withywood Centre Queens Road Withywood Bristol BS13 8QA Management Commiltee: Chair Treasurer Members Michael Manley Christine Marcia Roger Carver Key Personnel: CEO: Deputy CEO Finance & administration: Supervlsors: Debt team leader Welfare benefits team leader Caseworkers: Fran Begley FRSA LLB IHons} Dip RSA Dip Ed Vacant Gill Morris. Poppy Holdman External - Frita Watters Kvley Hooper GGDA DRO Intermediary, MIMA Icertl Vacant Claire Weeks NVQ IAG Level 3 Karen Mead NVQ IAG Level 3 James Clifford WB Advisor Connie Champion Debt Adviser Naomi Bennett {14 November) Trainees WB Adviser Kirsty House Debt Adviser Mia Hooper Debt Adviser Samantha Chandrasakera WB Adviser Hayley Massiah Debt Advice Assistant 12 SOUTH BRISTOL ADVICE SERVICES UMITED BYGUARANTEE REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Re ort of the Mana ernent Committee for ear ended 31 March 20261cont.I STRUCTURE, GOVERNANCE AND MANAGEMENT SBAS has a Management Committee. which comprises up to 8 members who meet monthly. At present the committee has 3 members from a variety of professional backgrounds relevant tothe work ofthe charity. Day-to-day mana8ement of ihe organisation 15 by the Manager, Fran Begley, under the direction of the Management Committee. and supported by the team. The structure of the organisation is shown in the organo8ram on the next page of the report. 13 SOUTH BRISTOL ADVICE SERVICES LIMITED BY GUARANTEE REPORT AND FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Re ort of Ihe Mana ement Commlttee for ear ended 31 March 2026 Icont.) STRucfuRE. GOVERNANCE AND MANAGEMENT Icont.) LNnmlttee x 4 Wiyker Mike Manley Chair ChfiStw* Marcia Treaswer Ro8ers Trustee Chtef Exe(ul' Vacant n and fina Connie Chaff￿10n Debt Advice .fv Worker Poppy Hol(knan Admin Woiker Welfare Beneffts,, Mia Hooper Debt Advlce Worker aaire Weeks 3 , WelfaTe Benefits Hayley Massiah Debt Advi Assistant pn James Clifford OP . Welfare Benefitsl Kirsty House Debt Ad¥lser Pn ri Alvice WoJ1(er SamCharKlra5kera Wellare Benefits",1 14 SOUTH BRISTOL ADVICE SERVICES LIMITEO BY GUARANTEE REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED I MARCH 2026 Re ort of the Mana ement Committee for ear ended 31 March 2026 Icont.) Governing Document th The org3nisalion 15 a charitable company limited by guarantee. incorporated on 20 November 1997. The company was established under a Memorandum of Association. which established the object5 and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £5. Recruitment and Appointment of Management Committee The directors of the company are also charity trustees for the purposes of charily law and under the companls Articles are known as members of the Management Committee. Under the requirements of the Memorandum and Articles of Association, the members of the Mana8ement Committee are expected to serve for a period of l year. At the Annual General Meeting all members resign and then may offer themselves {in person or b¥ Proxy) for re - election. SBAS periodically advertises in the Evening Post and The Journal for new members. We encourage ex-service users to join the commiltee. Due to the nature ofourwork. and potential for conflict of interesl, current service users cannot be considered. The management committee is well represented by its members to reflect the community we serve and provides a broad skill mix. A list containing trustee's skills is up dated after each AGM. Training and induction M05t Trustee5 are familiar wilh the work of SBAS but are welcome to attend the office or outreach to experience first-hand the day-to-day work. A set of fact sheet5 is sent to any potential member, which sets out and explains the rights and responsibilities of trustees. Trustees are also offered attendarnce on trainin£ courses covering the responsibilities of trustees and role of trvstees. 2 current members have attended both courses. Risk Management The Trustees adively review the major risks. which the charity faces on a regular basis and believe that maint3ininB the free reserves at the levels stated above will provide sufficient resources in the event of adverse conditions. The trustees have also ex3mined other operational and business risks, which the charity faces and confirm that they have established systems to mitl8ate the significant risks. These are detailed below. The office manual contains policies and procedures that have been put in place to ensure with health and safety of staff. volunteers. clients, and visitors to the service. A current bank statement and a trial balance sheel are produced at Management Committee meetings Six times per year to ensure that sufficient funding is in place for ihe current year. 15 SOUTH BRISTOLADVICE SERVICES LIMITED BY GUARANTEE REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 ort of the Mana ernent Committee for ear ended 31 March 2026 (cont.) TRAINING S8AS takes training very seriously and all staff have it written in the lerms of their contracts, that they have to attend at least 3 training Of updating course per year. Two of our Debt Advisers are DRO intermediaries. and our Trainee isworkingtow3rds attaining her certification. One is MIMA certified and the Other GGDA l is working towards certification. Our Staff and volunteers attended a range of courses on a spectfum of issues in debt and welfare benefits. The training and on the job experience that SBAS offers not only enables more service delivery by local people for local people to enable them to achieve a range of easiFy transferable skills and qualifications and is fundamental in moving volunteers into paid work. This contributes to the regeneration of the community by increasing the skills and knowledge of individuals allowing them to take a more active role in the community. PUBLIC BENEFIT The Charity Commission in its 'Charities and Public Benefil. Guidance requires that there are two key principles to be met in order to show that an organisation's aims are for the public benefit.. first, there must be an identifiable benefft and secondly. the benefrt must be to the public or a section of the public. South Bristol Advice Service aims to benefit the public directly by the provision of free independent, confidential and impartial £ener3list and specialist advice services to members of the public. Our clients come from wafds of South 8ristol. FINANCIAL P05mON OF THE CHARITY The charity's main funding comes from three sources.. a core grant from Bristol City Council. a grant from the Money Advice Service, and a grant from the National Lottery Community Foundation. At 31 March 2026 the charity had net assets of £254,743, ofwhich £254.743 were unrestricted funds. Movements in restricted funds are shown in note 10 to the accounts. 16 SOUTH BRISTOL ADVICE SERVICES LIMITED BY GUARANTEE REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Re ort of the Mana ement Comrnittee for ear ended 31 Marth 2026 (cont.) RESERVES POLICY The Trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets 1.the free reserves") held by the charity should be six months of the total resources expended. which currently equates to approximately £202,000. At this level, the management committee feel ihat they would be able to continue the current activities of the charity in the event of a significant drop ITr funding. It would obviously be necessary to consider how the funding would be replaced or activities chan8ed. The "free reserves" at 31 March 2026 were £228.437. TRUSTEES, RESPONSIBILITIES The Trustees (Management Committee Members) are required by company law to prepare financial statements. which give a true and fair view of ihe state of affairs of the Charity at the end of the financial period and of the income and expenditure of the Charity for the period ended on that date. In preparing those financial statements. the Trustees are required to: Select suitable accounting policies and apply them consistentlv Make judgements and estimates that are reasonable and prudent Prepare the financial statements on a goin8 concern basis unless it is inappropriate to presume that the Charity will continue in business The Trustees are also responsible for keeplng proper accountin8 records, which disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the financial statements comply with the Companies Act 2LK)6. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the preverition and detection of fraud and other irfegularilies. This report has been prepared in accordance with special provisions of Pèrt 15 of the Companies Act 2006 relatin8 to small companies. BY ORDER OF THE BOARD */•.- Management Committee Membernrustee 17 INDEPENDENT EXAMINERS REPORT TO THE MEMBERS OF SOUTH BRISTOL ADVICE SERVICES LIMITED BY GUARANTEE the Com an I report to the chority trustee5 on rny examination of the accounts of the Company for the year ended 31 March 2026. Responsibilities and basis of report As the charity's trustees of the Company {and also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requlrements of the Companies Art 2CQ61'the 21x16 Act'l. Having satisfied myself that the attounts of the Company are not required to be audited under Part 16 of the 2(K16 Act and are eligible for independent examination. I report in respect of my examination of your charitws accounts as carried out under section 145 of the Charities Act 20111'the 2011 Act'l. In carrying out my examinatron I have followed the Dirertions given by the Charity Commission under section 145{51 Ibl of the 2011 Act. Independent examinerfs staternent Sinte the Companws gross income exceeded E250,IXKI your examiner must be a mernber of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England & wa￿5, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in onnection with the examination givine me cause to believe= l. the accounting records were not kept in respect of the Company as required by section 38 of the 21x6 Act; or 2. the accounts do not accord with those records.. or the accounts do not comply with the accounting requifements of section 396 of the 2006 Act other than any requirement that the accounts give a 'lrue and fair view which is not a matter considered as part of an independent examination- or 4. the accounts have not been prepared in accordance with the methods ènd principles of the Statement of Recommended Practice for accounting and reporting by charities13pplicable to charities preparing their accounts in accordance with the Financi31 Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021}. 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. Name: Mark Pooley FCA Address.. Metis Tax Limited. Ca5tlemead. Lower Castle Street. Bristol, BSI 3AG Oate.. 18 SOUTH BRISTOL ADVICE SERVICES LIMITED 8Y GUARANTEE STATEMENT OF FINANCIAL AcfiviTIE5 FOR THE YEAR ENDED 31 MARCH 2026 Including income & expenditure Unrestricted Funds Restricled Total funds Total funds Funds 2026 2026 Note INCOME FROM: Grants and donations 247.027 164.150 411.177 377.832 TOTAL INCOME 247,027 164.150 411,177 377,832 EXPENDITURE ON: Raising funds.. Costs of applying for grants and donations Charitable activities: Advice and information 18.077 18,077 17.278 215,427 160,590 376.017 343,203 TOTAL EXPENDITURE 233,504 160,590 394.094 360,481 Net income/ lexpenditurel 13.523 3.560 17,083 17,351 Transfers between funds io. li 3,560 (3,560) Net movement in funds 17.083 17.083 17,351 Reconciliation of funds: Total funds brought forward 237,660 237,660 220.309 Total funds carried forward 254,743 254,743 237.660 The statement of financial activities includes all gains and losse5 recognised in the year. All income and expenditure derive from continutng activities. The notes on pages 22 to 32 form part of these accounts. 19 SOUTH 8RISTOLADVICE SERVICES LIMITED BY GUARANTEE BALANCE SHE AT 31 MARCH 2026 2026 2025 Notes FIXED ASSETS Tangible assets 24.954 28.809 CURRENT ASSETS Debtors Cash at bank and in hand 2,344 258,428 2.807 247,798 260,772 250,605 CREDITORS.. Amounts falling due within one year (30,983) 141,754) NET CURRENT ASSETS 229.789 208,851 TOTAL NET ASSETS 254.743 237,660 THE FUNDS OF THE CHARITY: Restricted Unrestricted.. General Designated io li li 253,391 1.352 234,907 2.753 TOTAL CHARITY FUNDS 12 254,743 237,660 The Trustees are satisfied that the company is entitled to exemption from the prow5ions of the Companies Act 2006 (the Act) relating to the audil of ihe financial statements for the year by virtue of section 477, and that no member or members have requested an audit pursuant to settion 476 of the Act. 20 SOUTH BRISTOL AOVICE SERVICES LIMITED BY GUARANTEE BALANCE SHEET {continuedl AT 31 MARCH 2026 The Trustees acknowledge their re5ponsibilitie5 for- ensuring that the company keep5 adequate accounting records which comply with section 386 ofthe Act, and preparing fi'nancial Siatements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the financial year in accordance with the requirements of section 393. and which otherwise comply with the requirements of the Act relating to financial statements. so far as applicable to the company. These financial statements have been prepared in accordance with the special pr4Jvisions for small companies under Part 15 of the Companies Act 21))6. Approved by the Trustees on and signed on their behalf by Date j&/2 02 The notes on pages 22 to 32 form part ofthese accounts. 21 SOUTH BRISTOL ADVICE SERVICES LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 I.ACCOUNTING POLICIES (al Accounting Convention The financial statements have been prepared in accordance with 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 1021 (effective l January 20191 (Charities SORP {FRS 10211. the Financial Reporting standard applicable in the UK and Republic of Ireland {FRS 1021 and the Companies Act 2006. Ib) Golng concern At 31 March 2026. the charity had total fvnds of £254.74312025- £237,660). Restricted funds amounted to £nil12025 - £nill. The free reserves of the charity. being unrestricted general reserves less designated funds less fixed assets held in general reserves. totalled £228,437. The target for free reserves is to hold 6 months of total expenditure. which currently equates to around £202.0Tr). The charity has prepared a budget and cashflow forecast for the year ended 31 March 2027 which shows that the charity has a forecast surplus for the year of around £nil. The managementcommittee therefore have a reasonable expectat•on thatthe SchC￿l will be in operation 12 months from the date of approval of these accounts and that the charity remains a going concern. The accounts have therefore been prepared on a 80ing concern basis. (cl Income Donations and grants Income from donations and grants. including capital grants, is included in incoming resources when these are receivable, except as follows". When donors specify that donations and grants given to the charity must be used in future accounting periods. the income is deferred until those periods When donors impose conditions. which must be fulfilled before the charity becomes entrtled to use such income, the income is deferred and not included in incoming resources vntil the pre-conditions for use have been met. 22 SOUTH BRISTOL ADVICE SERVICES LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH Z026 Icontinuedl I.ACCOUNTING POLICIES Icontinuedl Icl Income {continued) When donors specify that donations and grants. including capital grants, are for restricted purposes, which do noi amount to pre-conditions regarding entitlement. this income is included in incoming resources of restricted funds when receivable. Interest receivoble Interest is included when receivable by the charity. Idl Expenditure Expenditure is included in the Statement of Financial Activities on an accruals basis, inclusive of any VAT, which cannot be recovered. Most expenditure is directly attributable to a specific artivity and is allocated to that artivity. However. the costs ofthe manager's salary have been allocated as follows based on the time she spends on each activity- Fundraising Advice and information 33% 67% It is believed bythe trusteesthat thecharivsonly support costs are shown in governance costs in note 3. There are no further support costs as all costs can be directly attributable to providing the charities specialist debt and welfare advice. {eTr Operatlng leases Rentals payable under operating leases are charged to the Statement of Financial Activities incurred over the term of the lease. If) Tangible fixed assets The cost of tangible fixed assets is written-off by equal annual instalments over their expected useful lives as follows: Leasehold irnprovemenls Furniture. fixtures and equipment 10 years 4 years Ig} Debtors Trade and other debtors are recognised at the settlement amount due afier any trade discounl offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 23 SOUTH BRISTOL ADVICE SERVICES LIMtTED B Y GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED ai MARCH 2026 {continuedl Ihl Creditors and provis40ns Creditors and provisions are recognised where the charity has a present obli8ation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or esiimated reliablv. Creditors and Pfovisions are normally recognised at their settlement amount after allowing for any trade discounts due. Funds accounting Fund5 held by the charity are- Unrestricted general funds- these are funds. which can be used in accordance with the charitable objects at the discretion of the trustee5. Restricted funds- these are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation ofthe nature and purpose ofeach fund is included in the notes tothe accounts. Pension costs The company operates a defined contribution pension scheme for employees. The assels of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account. 24 SOUTH BRISTOL ADVICE SERVICES LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 (continued} COMPARATIVE YEAR STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Funds Restricted Total funds Funds 2025 INCOME FROM: Grants and donations 209.273 168,559 377,832 TOTAL INCOME 209.273 168,559 377,832 EXPENDITURE ON: Raising funds.. Costs of applying for 8rants And donations 17,278 17,278 Charitable aclivities: Advice and information 146.659 196,544 343,203 TOTAL EXPENDITURE 163.937 196.544 360,481 Net income/ lexpenditurel 45,336 127,9851 17,351 Transfers between funds 12.667 (12.667) Net movement in funds 58,003 140,652} 17.351 Reconciliation of funds.. Total funds brought forward 179,657 40.652 220,309 Total funds carried forward 237,660 237,660 25 SOUTH BRISTOL ADVICE SERVICES UMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Icontinuedl GRANTS ANO DONATIONS RECEIVABLE During the year, the following grants and donations have been received from the following organisation5- Unrestricted Funds Restricted Funds Total 2026 Total 2025 Bristol City Council- Partnership Fund Money and Pensions Service National Lottery Community Fund Garfield Weston Foundation Wessex Bristol Water National Benevolent Charity Independent Age Cost of Living Fund Citizens Advice HSF-Court Action Network Citizens Advice HSF - Older People Citizens Advice HSF - Filwood Outreach Quartet Foundation The Nisbett Trust Burgess Salmon Charitable Trust Advice UK Other grants and donations 35.857 179.820 35,857 35.857 183.518 147,023 81.851 90,008 10,000 13,650 3,698 81,851 12,350 lo,￿0 12,350 10,000 19,659 2,000 18,750 36.791 17.5(M) 2.000 18,750 36,791 17,500 9.000 16,997 22,608 17,500 3,000 3,560 3,560 1,000 530 247.027 164.150 411.177 377,832 TOTAL EXPENDITURE Other Direct Costs Staff Costs Total 2026 Tot31 2025 Cost5 of applying for grants and donations Advice and informalion 18,077 289.750 18.077 17,278 86.267 376.017 343,203 307.827 86.267 394.094 360,481 26 SOUTH BRISTOL ADVICE SERVICES LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 MARCH 2026 (continued) TOTAL EXPENDITURE {continuedl OTHER DIRECT COSTS Total 2026 Total 2025 Information and resources Professional fees Office costs Staff and volunteers. trainin8 and expenses Depreciation Rent and premises cost5 Audit and accountancy fees 22,098 3.173 19,610 4.055 7,769 22.584 6,978 19,654 3.640 15,798 3,937 6.813 22,835 8,688 86.267 81,365 NET INCOME FOR THE YEAR 2026 2025 This is stated after charging.. Depreciation of owned assets Independent examiner Independent examination Non independent examination 7.769 6,813 1,200 5,778 1.200 7.488 27 SOUTH BRISTOL ADVICE SERVICES LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMEMts FOR THE YEAR ENOED 31 MARCH 2026 Icontinuedl STAFF COSTS AND TRUSTEES. REMUNERATION Staff costs were as follows= 2026 2025 Wages and salaries Employer's National Insurance Pension costs 274,597 254,295 22,317 14,751 10.913 10,070 307,827 279,116 No employee earned £60.000 p.a. or more. The average number of employees during the year was 1312025- 121. The average number offull-tirne employees was 412025 41. The average number of part-time employees was 912025-81. No remuneration was paid to the Trustees. No expenses were reirnbursed to Trustees. The centre manager total emoluments. including employer's pension contribution, in the year were £50,56512025 - £48,173). There are no related party tran5aCtion5 to report in the period. TANGIBLE ASSETS Fixtures. Fittings and Leasehold rovements Total COST At l April 2025 Additions 24.S25 57,888 3.914 82.413 3,914 At 31 March 2026 24.525 61.802 86,327 DEPRECIATION At l April 2025 Charge for the year 4.823 2.453 48.781 5.316 53,604 7,769 At 31 March 2026 7.276 54,097 61,373 NET BOOK VALUE At 31 March 2026 17.249 7.705 24,954 At 31 March 2025 19,702 9,107 28,809 28 SOUTH BRISTOLADVICE SERVICES LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 (continued) DEBTORS 2026 2025 Other debtors 2.344 2.807 2,344 2.807 CREDITORS 2026 2025 Amounts falling due within one year-. Trade creditors Taxation and social security Accruals Other creditors Deferred income 2.687 4.239 6.120 250 17.687 1.513 4.203 5,400 250 30,388 30,983 41.754 Deferred income Balance brought forward Released to income Deferred in year 30.388 25.725 130,3881 125.7251 17.687 30,388 Balance carried forward 17,687 30,388 29 )m in ID crt cxw SOUTH BRISTOL ADVICE SERVICES LIMrrED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 (continued) 10. RESTRICTED FUNDS {continued} Restricted fvnds of £nil at the year-end are made up of cash. Com uter and Modernisation Grant to provide funds to upgrade the charity's computer equipment. National Lotte Communit Funds Funding for core costs. including the salaries of welfare benefit advi5er5 and their office overheads. Older Peo le Grants to fund the salary costs of welfare benefit advisers for people over the age of 55. Filwood Outreach A grant to cover the salary cost5 of an adviser to run the Filwood Outreach. C ber securit Grant top fund a cyber security review and advice. Court Action Network Grant to fund the Court Action Network. 11. UNRESTRicfED FUNDS Total IT Unrestricted Fund Funds General Fundraising Fund Fund Training Fund Balance b/fwd 234,907 2,753 237.660 Income 247.027 247,027 Expenditure 1232, 103) (1,401) 1233,5041 Transfers 3.560 3,560 Balance c/fwd 253,391 1,352 254,743 The training fund is allocated for training for new staff that were engaged in 2025126. 31 SOUTH BRISTOL ADVICE SERVICE5 UMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Icontinued) 12. ANALYSIS OF NET ASSETS BETWEEN FUNDS At 31 March 2026 net assets were held in the followingfunds. Restricted Designated Funds Funds General Funds Total Funds Fixed assets 24,954 24,954 Net current assets 1.352 228,437 229,789 Net assets 1.352 253.391 254.743 32 3. Internal Controls and Compliance We have taken all reasonable steps to prevent and detect fraud and other irregularities. We confiTrn that the chanty has complied with the requirements of the Charities Act 2011 and its governing documenl In all material respects. 4. EvenisAfterthe Reporting Date No significant evenis have occurred since the year-end which would require disclosure or adjustment in Ihe financial statements. 5. Golngconcern We consider thai ihe charily is a going concern and has adequate resources to continue in operation for the foreseeable future. 6. Related party transactions o We confirm that all related party transactions have been disclosed in the notes to theaccounts. 7. Trustees, remuneration and expenses We confirm that no management committee member received remuneration or expenses from the charity durin8 Ihe year. Please let us know if you require any further information. Yours sincerely. For and on behalf of the Management Committee of South Bristol Advice Services Michagl Manley Chair ot Management Committee