COMPANY REGISTRATION NUMBER: 03449469
CHARITY REGISTRATION NUMBER: 1066921
North Bristol Advice Centre
Company Limited by Guarantee
Unaudited Financial Statements
31 March 2024
WALTER HUNTER & CO LIMITED
Chartered accountants
24 Bridge Street
Newport
South Wales
NP20 4SF

North Bristol Advice Centre
Company Limited by Guarantee
Financial Statements
Year ended 31 March 2024
Page
Trustees, annual report (incorporating the directorfs report)
Independent examinerfs report to the trustees
Statement of financial activities (including income and
expenditure account)
statement of financial position
12
14
15
Statement of cash flows
17
Notes to the financial statements

North Bristol Advice Centre
Company Llmlted by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report)
Year ended 31 March 2024
The trustees, who are also the directors for the Purposes of company law. present their report and the
unaudited financial statements of the charity for the year ended 31 March 2024.
Reference and admlnlstratlve detalls
Registered charlty name
North Bristol Advice Centre
Charity rnglstratlon numbor
1066921
Company regislratlon number 03449469
Principal office and registered 2 Gainsborough Squa
office
Lockleaze
Bristol
BS7 9XA
The trustees
S Edmunds
R Walters
T Mahari
J Rogers
J Sankey
J Garel
C MacDiarmid
(Resigned 11 October 2023)
(Appointed 10 May 2023)
Independonl examiner
Mr Jonathan Rhodes Bsc BFP FCA
24 Bridge Street
Newport
South Wales
NP20 4SF

North Bristol Advice Centre
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report) (condnued)
Year ended 31 March 2024
Structure. governance and management
The trustees are pleased to present their annual Directors. report together with the financial
ststements of the charity for the year ended 31 March 2024 which are also prepared to rneet the
requirements for a Directors, report for Companies Act purposes.
The financial statements 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 small charities preparing their accounts in accordance with the
Financial Reporting Stsndard applicable in the UK and Republic of Ireland {FRS102) (effective 01
January 2015).
The organisation incorporated as a charitable company limtted by guarantee and registered as a
charity on 14110197. The company was established under a Memorandum of Association which
established the objects and powers of the charitable company and is govemed under its Articles of
Association. In the event of the company being wound up members are required to contribute an
amount not exceeding £1.
anisational Structure
North Bristol Advice Centre has a Management Committee who meet monthly and are responsible for
the strategic direction and policy of the charity. This financial year the board had seven members from
a variety of backgrounds relevant to the work of the charity-
A scheme of delegation is in place and day to day responsibilty for the provision of the services rests
th the Director. Head of SeNices and We￿are Beneffts Team Leader. The Director is responsible for
ensuring that the charity delivers the services specÉfied and that key targets are met. The Head of
Services has responsibility for the day to day operational management of the advice service, and
individual supervision of the advice team. They also ensure that team members continue to develop
their skills and working practices in line with good practice.
Recruitment and
intrnent of Mana
ement Committee
The DI￿￿Or$ of the company are also charity trustees for the purposes of charity law and under the
company's Articles are known as members of the Management Committee. North Bristol Advice
Centre offers advice trj a wide cross section of people within the local community. The Management
Committee seeks to ensure that the needs of the local communty are appropriately reflected through
the diversity of the trustee body. One trustee stepped down and one new trustee was appointed in
2023124. The more traditional business and professional skills are V￿11 represented on the
Management Committee. In the event of particular skills being lost due to retirement. new individuals
are approached to offer themselves for election to the Managernent Committee.

North Bristol Advlce Centre
Company Llmlted by Guarantee
Trustees. Annual Report (Incorporating the Dlrectorfs Report) (¢ondnu¢dJ
Year ended 31 March 2024
Trustee Induction and Trainin
Most trustees familiarise themselves with the practical worf( of the charity by undertaking a tour of the
Advice Centre and the Outreach Work. Additionally. new trustees attend briefing sessions on the
Charity and the context within which il operates. These are led by the Chair of the Management
Committee an(Vor the Dir8Ctor of the charity and ￿er.
The obligations of Management Committee members
The main documents which set out the operational framework for the charity including the
Memorandum and Articles
Resourcing and the current financial position as set out in the latest published accounts
Publications from the Charity Cornniission relating to the roles and responsibilities of trustees
Future plans and objectives
Ongoing training is encouraged and regular policy days are held to ensure the Business Plan is
delivering and on target. A Trustee Induction Pack is provided.

North Bristol Advice Centre
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report) (¢ontlnued)
Year ended 31 March 2024
ObJe¢tlves and activities
oses and Aims
Located in Lockleaze. Brfstol. North Bristol Advi￿ Centre (NBAC) Is a communlty-based advice
centre. It is a registered charity and a company limtied by guarantee.
Our charity's objects a￿.
to assist in the promotlon of any charitable purposes for the benefrt of the inhabitsnts of North
Bristol and South Gloucestershire areas by the provision of free and independent advice and
support, especially in relation to access to Welfa￿ beneffts and managing personal debt: and
to advance education and provide training and other services that support and strengthen the
Skills, health and wellbeing of the said inhabitants.
The aims of the charity are to promote social justice arKI combat poverty by providing free and
independent advice and support that enables people to develop skills, improve wellbeing and make
positive changes in their lives and communities.
Our activities
We help people at times of crisis. work to address the causes of deprivation and support people to
take practical steps to improve their situation in the longer term. The activities we provided to meet
our objectives included:
Free. confidential and independent advice services, including welfare beneffts and debt advice,
complex casework and representation at tribunal.
Digital inclusion work lo Inc￿aSe digital skills. improve access to online tools and services and
increase financial and social inclusion.
Home-visiting advice services for older people to maximise income and help thern remain
independent in their homes.
North Bristol Advice Centre has been sepding the communities of North Bristol and South
Gloucestershi￿ for 40 years. The hallmark of its work has been high levels of professionalism.
delivering a quality service and listening to and responding to communty needs. Underpinning the day
to day work has been the long temi dedication and commitment of the Board of Trustees which has
always worked to support the team and ty as far as possible to anticipate and prepare for the future.
The Board regularly reviews the perf0rnan￿ of the various services we offer. as vrfell as monitoring
and evaluation data to help us to continually develop. improve and innovate.

North Bristol Advice Centre
Company Llmlted by Guarantee
Trustees. Annual Report (Incorporating the Directofs Report) (contlnu8dJ
Year ended 31 March 2024
Revlew of 2023124
Demand for advice seNices ￿mained high as people impacted by the continued high cost of living
sought help to manage their financial difficulties. Clients continue to present with complex issues
requiring multiple interventions and longer-terni support. Our priority was to maintain quality services
and do all we could to support people in financial hardship.
In order to meet the challenge of managing high demand with limited resources, we looked toward
innovation and collaboration to develop our advice services in a way Ihat is sustainable and meets the
needs of people in our communities.
Innovation to develo
our communi
-based advice services
NBAC ran a pilot projed working with Kingsmeadow@Made4ever in South Gloucestershire to
ccFlocate our Welfare Benefrts advice worker within their setting. Staff were trained to ident
advice issues and help with fomi filling, as well as provide confidence-building support to dients to
act on advice. A mini evaluaiion of the pilot shows it was successful in reaching vulnerable people
who would not otherwise access advice.
We delivered tailored talks to 10 older people's groups, going into communities where there was
low take up of benefits, responding to feedback from community leaders and workers. Over 165
people attended. The aim was to empower older people reluctant to claim benefrts to better
understand the benefrts system. their entitlements. understsnd where they can get help and
support them to apply for benefits that will improve their financial situation.
Collaboration and Partnershi
NBAC is part of the Bristol Advice Partnership (BAP) and the South Gloucestershire Advice
Service (SGAS). comprised of the main advice agencies in Bristol and South Gloucestershire
respectivety. working in partnership to provide advice across communities.
Through BAP NBAC worked in partnership with Bristol City Council and other advice agencies in
the city to deliver additional advice under the Household Support Fund. The funding enabled us to
increase our complex casework capacity.
We worked with Housing Matters to devek)p our priority referral system. This improved the client
joumey for NBAC welfare beneffts and debt clients with a housing issue. as well as Housing
Matters clients needing specialist advice.

North Bristol Advice Centre
Company Llmlted by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report) (contlnu•dJ
Year ended 31 March 2024
We continued to work in partnership with Bristol Northwest Foodbank. delivering weekly
face-to-face debt advice in Avonmouth. the most isolated ward in north Bristol.
NBAC continued to work with the Centre for Sustainable Energy as part of the rnulti-agency
WHAM project providing, holistic support to people in fuel poverty and financial hardship.
We developed a Digital Outreach Service (Bristol Tea and Tech) working with partners in
Communty settings across north Bristol to bring digital support into communilies to combat digital
exclusion.
NBAC continued to be a key partner in ACFA ffhe Advice Network), the for independent
advice agencies across the West of England. This year ACFA focused on the improvement of
infrastrudure support (eg training and networks) and the development ACFA'S strategic plan, in
particular engaging with health services and the Integrated Care System.

North Bristol Advlce Centre
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report) (¢onllnuedJ
Year ended 31 March 2024
hievements and performance
How our actlvltles deliver public benefrt.
Our main activities and who we support are described below. Full details on how our services benefft
clients, including client stories, can be viewed in our Impact Report. available on our website.
Who used and benefrted from our services?
We supported 2114 people Imng in deprived communwties across North Bristol and South
Gloucestershire.
29Ytr of advi￿ Clients suffered from mental ill health arKI one quarter were physically disabled. Just
under half were unfit to work and 65°A were living in social housing or rented accommodation. One
third were BAME. speaking 28 different languages. People sought our support due to the Cost of
Living Crisis as well as unexpected changes of circumstance such a5 unemployment. long term
illness, bereavement or disability which plunge them into sudden and severe financial difficulties.
Others need access to justice having been denied benefrts thelre entitled to or need tegal support to
challenge decisions of the local authonty. DWP and HMRC. The deniand for Gomplex casework for
both welfare benefits and debt remains high.
For our digital inclusion work, the majority of Get Online attendees {71°h) were over 55. with 250A from
BAME communities and 37.kn disclosing a physical andlor rnental disability. 22 % did not have internet
access in their homes. while 15Yo had never used the intemet before.
Advice seNices
NBAC provides specialist welfare benefits and debt advice. Some 60% of this is specialist legal advice
made up of end-to-end casework and appeals support. including representation at tribunal.
4451 enquiries handled by our admin team
1992 people received one-tLwne advice support
362 people at risk of homelessness kept in housing
£1,823,070 was raised for clients
£4,073,882 in debt was managed
9410 success rate at appeal
Advice clients (143 questionnaires completed at case closed) reported that. as a result of our advice
and support..
87 /0 were in a better financial siiuation
83°/0 were less stressed
84 /0 felt better able to manage their affairs
780/0 had improved understanding of their legal rights
Over half of clients contacted three months after case closed (108 replies) said there had been long
term changes in their lrfe as a result of our advice:
780/0 hav8 b88n able to budget and plan their expendtiure
300/0 spent increased income on more or better food
680/0 feel more in control of their finances now

North Bristol Advice Centre
Company Limtted by Guarantee
Trustees, Annual Report (Incorporating the Directorfs Report) (conLlnu•dJ
Year ended 31 March 2024
Our professional advisers were supported by a team of trained and dedicated Advice Support
Volunteers who provided one-toone support to people at the start of their claim Joumey. They help
clients to understand how the claims Pro￿S8 works, what sort of evidence they need to gather,
appropriate infomiation to include on their application form. and help them to complete complex
benefft forms. They also pick up on where clients might need other help and signpost thern. This eady
intervention work helped ensu￿ vulnerable people secured their legal entitlements. preventing
financial problems developing or escalating. Volunteers also complete charity applications for white
goodslbedslcarpets for those most in need.
Home ViS￿n
Advice Service
A total of 61 older people were supported through our home vistbng seTwce. with £118,792 in income
raised. This service is for those who cannot access advice services due to disabilty, poor health
conditions or mobilty problems. Our caseworker helps clients to maximise their income so they can
access extra support for daily living. increase food and heating and stay independent in their homes.
Home visits allows our adviser to pick up on other issues {e.g. cold homes. adaptation n8eds) and link
them with local services.
Get Online
In addition to our weekty Lockleaze drop-in. our Bristol Tea and Tech pilot project delivered 46
outreach sessions in 8 communty setttngs. supporting 138 people. We￿e continued Ihis outreach
work from January. enabling us to ¢onlinue reaching the most excluded across north Bristol. Clients
were supported to fill out forms: use Microsoft office; set up and use email. transfer data,. solve issues
with their own devices" download andlor remove apps; use search engines" access govemment
websites: learn to shop online. use translation tools: access online leaming.
122 people received digital support
133 sessions held in Lockleaze and across North Bristol
559 foot-fall at drop-in and outreach
90Vo of attendees can get online independently as a result of attending drop-in

North Bristol Advice Centre
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report) (conllnuad)
Year ended 31 March 2024
Flnanclal review
During the year, we were On￿ again successful in raising funds, with income from donations,
charitable trusts and grants generating £571.810 (2023: £535,798) while expenditure was £539,810
(2023: 480,105). There was a sutplus of £32.000 {2023: £55,693).
Princi
al Fundin
Sources
Our main core funding came from Bristol City Council. South Gloucestershire County Council, Money
and Pensions Service {MaPS). the Henry Smith Charity. Nisbet Trust. Garfield Weston. The Access to
Justice Foundation and Quartet Communty Foundation. We were also supported by a range of
charitable trusts and individual donors. Wrthout their support we woukl not be able to deliver the
current level and quality of services to local communities.
Our fundraisin
NBAC does not actively fundraise from the publi¢. The Management Committee were pleased to
receive unsolicited donations from clients and supporters. Our one fundraising activity is the Bristol
Legal Walk; staff and volunteers raise sponsorship money while raising awareness of the free legal
adwce sector, though this did not take place this year.
Investment lic
NBAC is in the fortunate position of owning ils building. This property represents the charity's most
substantial asset. and is a good long temi investment. CAF Bank deposit account provides a source of
ethical investmant armd interest. We also have savings with Cambridge & Counties Bank.
Reserves
The Management CommTrttee has examined the Gharity's requirements for reserves in light of the main
risks to the organisation. It has established a policy whereby the unrestricted funds not committed or
invested in tangible fixed assets held by the Gharity should be between 3 and 6 months of the
expenditure, which currently equates to £125.000 to £250,000. At this level. the Management
Committee feel that they would be able to continue the current activities of the charity in the event of a
significant drop in funding. allowing time to secure altematrve funding or make changes. The current
level of general reserves is £202.310 for running costs. We have further reserves held as capital within
the building and other f￿ed assets lotalling £208.621.
The charity currentty has a designated ￿serve of £50.000 to cover the cost of potential staff
redundancies, sickness and maternity pay. There is a fvrther £10.000 designated reserve for building
maintenance. The Management Committee aims to continue building the level of reseNes in line with
policy, to achieve a level which they feel is adequate to meet the organisational needs. The
Management Commtttee keep the reserves policy under review (it was last revised and approved in
Decemb8r 2023).

North Bristol Advice Centre
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report) (¢tintinuedJ
Year ended 31 March 2024
Priorities for the
ear ahead
Use leaming from Extemal Evaluation to develop and improve advice services.
Increase outreach work in communilies. working dosety wtth communty partners.
Improve access to advice for the most vulnerable by increasing fao-to-face access through
drop-ins.
Use leaming from our digital outreach pilot to develop our digital inclusion work and reach more
people across north Bristol.
Be a data curious organisation. working with data partners to leam more from the data we collect
to improve services and promote evidence-based decision making and development.
Promote wellbeing for all staff and volunteers wtihin NBAC in a proactive way that helps to embed
wellbeing in our ethos, culture and ways of working.
Maintain and develop relationships with local and national trusts and foundations that share our
ethos. securing the long term funding needed to deVe￿p and deliver seNices that help make
change.
Use leaming. research and engagement to develop our long term strategic plan from 2024.
Work with ACFA, key agencies and stakeholders to increase strategic engagement and influence
policy locally and national
Risk mana
ement
The Management Committee has conducted a review of the major risks to which the charity is
exposed. A risk register has been established and is updated at least annually. Where appropriate.
systems or procedures have been established to mitigate the risks the charity fa￿5. Significant
external risks to funding have led to the development of a funding strategy which will allow for the
diversification of income streams. Intemal rnntrol risks a￿ minimised by the implementation of
procedures for authorisation of all transactions and projects. PrO￿dureS are in place to ensure
compliance with health and safety of staff. volunteers. clients and visitors to the centre.
Related Parties
In so far as it is complementary to the charitys objects. the chaiity is guided by both local and national
F)olicy. NBAC works in partnership with other local and cty wde professional agencies to ensure a
range of complimentary services. We are aware of national developments which could have an impact
on our service, for example ongoing Govemment changes to social Welfa￿ law and the welfare state.
10

North Bristol Advlce Centre
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report) fcondnu•d)
Year ended 31 March 2024
Small company provisions
This report has been prepared in accordance wilh the provisions applicable to companies entitled to
the small companies exemption.
The trustees, annual report was approved on 22 October 2024 and signed on behalf of the board of
trustees by=
S Edmunds
Trustee
11

North Bristol Advice Centre
Company Limited by Guarantee
Independent Examinerfs Report to the Trustees of North Bristol Advice Centre
Year ended 31 March 2024
I report to the trustees on my examination of the financtal statements of North Bristol Advice Centre
{'the charity) for the year ended 31 March 2024.
Rosponsibllitles and basis of report
As the trustees of the company {and also its directors for the purposes of company law) you are
responsible for the preparation of the financial statements in accordance wtth the requirements of the
Companies Act 21x16 (Yhe 2006 ACY).
Having satisfied myself that the accounts of the company 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 as 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 examinorfs statomeTrt
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. l Confimi that l am qualtfied to undertake the examination
because l am a member of the Inslitute 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:
accounting records were not kept in respect of the charity as required by section 386 of the
2006 Act" or
Ihe financial statements do not accord with those records: or
the financial statements do not comply with the accounting requirements of section 396 of
the 2006 Act other than any requirement that the accounts give a 'twe and fai¢ view which
is not a matter considered as part of an independent examination. or
the financial statements 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 wilh the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
12

North Bristol Advice Centre
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of North Bristol Advice Centre
(Mntinuedj
Year ended 31 March 2024
I have no concems 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.
Mr Jonathan Rhodes Bsc BFP FCA
Independent Examiner
24 Bridge Street
Newport
South Wales
NP20 4SF
22 October 2024
13

North Bristol Advice Centre
Company Limited by Guarantee
Statement of Flnancial Activities
(including income and expenditure account)
Year ended 31 March 2024
2024
Restricted
fvnds Total funds Total funds
2023
Unrestricted
funds
Income
Donations and legacies
Charitable activities
Other trading activities
Investment income
Other income
4.632
157.824
10.054
7.021
6,242
4,632
543,861
10,054
7.021
6.242
5.113
515,738
8.900
2,728
3,319
386.037
Total income
185.773
386.037
571.810
535,798
Expenditure
Expenditure on charitable activities
Total expenditure
153.773
386,037
539,810
539.810
480.105
153.773
386.037
480,105
Net income and net movement in funds
32.000
32.000
55,693
R•conclllatlon of funds
Total funds brought fO￿￿ard
Total funds urried forward
471,201
9.197
480.398
424.706
503.201
9,197
512,398
480,398
The statement of financial activities includes all gains and losses recognised in the year.
Al income and expenditure derive from continuing activities.
Tho not•s on pages 18 to 31 forni part of these financial statemonts.
14

North Bristol Advice Centre
Company Llmlted by Guarantee
Statement of Financial Posltlon
31 March 2024
2024
2023
Flxed assets
Tangible fixed assets
18
208.621
216.225
Current assèts
Debtors
Cash at bank and in hand
19
19.613
361.008
8,084
343.756
380.621
351.840
Credltors: amounts falling due wfthin one year
Net current assets
20
76,844
87,666
303.777
264,174
Total assets less current liabllllies
512.398
480.399
Not assots
512.398
480,399
Funds of the charlty
Restricted funds
Unrestricted funds-
Revaluation reserve
Other unrestricted income tunds
9.197
9,197
10.000
493.201
10.000
461.201
Total unrestricted funds
503,201
471,201
Total charity funds
23
512,398
480,398
For the year ending 31 March 2024 the charity was entit￿￿ to exemption from audit under section 477
of the Companies Act 2006 ￿lating to small companies.
Directors. responsibilities:
The members have not required the company to obtain an audit of its financial statements for the
year in question in accordance with section 476"
The directors acknowledge their responsibilities for comptying with the requirements of the Act
with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in a¢¢ordance with the provisions applicable to
companies subject to the small companies. regime.
The statement of financial position
continues on the following page.
The n¢)tes on pages 18 to 31 fomi part of these financial ststemonts.
15

North Bristol Advice Centre
Company Limited by Guarantee
Statement of Financlal Position {¢ondnu
31 March 2024
These financial statements were approved by the board of trustees and authorised for issue on 22
October 2024, and are signeil on behaff of the board by..
S Edmunds
Trustee
The notes on pages 18 to 31 forni part of these financial slatsments.
16

North Bristol Advice Centre
Company Llmlted by Guarantee
Statement of Cash Flows
Year ended 31 March 2024
2024
2023
Cash flows from operatlng activitles
Net income
32.000
55,693
Adjustments for..
Depreciation of tangible fixed assets
Other interest receivable and similar income
Interest payable and similar charges
Accrued {in¢omeyexpenses
8,997
(7.021)
11.165
(4.917)
8,649
{2,728)
6,595
4,778
Changes in."
Trade and other debtors
Trade and other creditors
(6.529)
(10.906)
22.789
6,370
13,736
Cash generated from operations
93,093
Interest paid
Interest received
(11.165)
7.021
(6.595)
2.728
Net cash from operating activities
18,645
89,226
Cash flows from investing aclivitles
Purchase of tangible assets
Nel cash used in investing activities
(1.393)
{1.393}
Net increase in cash and cash equivalents
Cash and cash equivalents at beglnning of year
Cash and cash equivalents at end of year
17,252
343,756
89.226
254.530
361.008
343.756
The notes on pages 18 to 31 forni part of these finanGlal statemonts.
17

North Bristol Advice Centre
Company Limited by Guarantee
Notes to the Financial Ststements
Year ended 31 March 2024
General Infomiatlon
The charity is a public benefrt entity and a private company limited by guarantee, registered in
England and Wales and a registered chaiity in England and Wales. The address of the
registered office is 2 Gainsborough Square, Lockl&8ze. Bristol, BS7 9XA.
Statement of Compliance
These financial statements have been prepared in compliance with FRS 102. The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,. the 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) (Charities
SORP (FRS 102)) and the Companies Act 2006.
Accounting pollclo$
Basis of preparation
The financial ststements have been prepared on the histofical cost basis, as modtfied by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through inGome or expendiiure.
The financial statements are prepared in sterling. whith is the functional currency of the enttty.
Golng con¢em
There are no material uncertainlies about the charitys abilty to continue.
Judgements and key sources of estimation uncertalnty
The preparation of the financial statements requires management to make judgements,
estimates and assumptions that affect the amounts reported. These estimates and judgements
a￿ continually reviewed and are based on experience and other factors. including expectations
of future events that are believed to be ￿asonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of Ihe trustees to further any of the
chartvs purposes.
Designated fvnds a￿ unrestr5Cted fU[￿S 8amiarked by the trustees for particular future project or
commitment.
Restricted funds a￿ subjected to restrictions on their expenditure declared by the donor or
through the terms of an appeal. and fall into one of two sub-classes: restricted income funds or
endowment funds.
18

North Bristol Advice Centre
Company Limited by Guarantee
Notes to the Financial Statements {conth¥u•d)
Year ended 31 March 2024
Accounting poll¢les (candnusd)
Incoming resources
l incoming resources are included in the statement of financial activities when entitlement has
passed to the charity; il is probable that the economic benefrts associated with the transaction
11 flow to the tharty and the amount can be reliabty measured. The following specific policies
are applied lo particular categories of income:
Income from donations or grants is recognised when Ihere is evidence of entitlement to the
gift. re￿ipt is probable and its amount Can be measured reliably.
legacy inGome is recogni5ed when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is
impractical to measure reliabty, in which case the value is derived from the c05t to the donor
or the estimated resale value. Donated facilities and services are recognised in the
accounts when received rf the value can be reliably rneasured. No amounts are included for
the contribution of general volunteer5.
income from contracts for the supply of services is recognised with the delivery of the
contracled service. This is classified as unrestricted fvnds unless there is a contractual
requirement for it to be spent on a particular purpose and reiumed rf unspent in which case
it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expendtture includes any
VAT which cannot be fully recovered, arjd is classtfied under headings of the statement of
financial activities to which it relates:
expenditure on raising funds includes the costs of all fundraising activities, events,
non-charitsble trading activities, and the sale of donated goods.
expenditure on charitable aclivities includes all costs incurred by a charity in undertaking
activities that further its charitable aims for the benefit of its beneficiaries, including those
support costs and costs relating to the govemance of the charity apportioned to charitable
activities.
other expenditure includes all expenditure that is neither related to raising funds for the
Gharty nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories refiecting Ihe use of the resource. Direct costs
attributable to a single activty are allocated directty to that activity. Shared costs are apportioned
be￿een the activities they contribule to on a reasonable. justifiable and consistent basis.
Tanglble assets
Tangible assets are initialty recorded at cost. and subsequently stated at cost less any
accumulated depreciation and impainnent losses. Any tangible assets carried at revalued
amounts are recorded at the fair value at the date of revaluation less any subsequent
accumulated depreciation and subsequent accumulated impaimient losses.
19

North Bristol Advice Centre
Company Limited by Guarantee
Notes to the Financlal Statements {¢onrfnu
Year ended 31 March 2024
A¢¢ounting poli¢ies {eonrfnu•d)
Tanglble assets (contlnuod)
An increase in the carying amount of an asset as a result of a revaluation, is recognised In other
recognised gains and losses. unless it reverses a charge for impairment that has previously been
recognised as expenditure within the statement of financial activities. A decrease in the carrying
amount of an asset as a result of revaluation, is recognised in other recognised gains and losses,
except to which it offsets any previous revaluation gain, in which case the loss is shown within
other recognised gains and k)sses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to vuite off the cost or valuation of an asset. less its residual
value, over the useful economic lrfe of that asset as follows:
Freehold property
Fixtures and fittings
2Q/o straight line
25.fi reducing balance
Impalrnient of fix￿ ass•ts
A review for indicators of impainnenl is carrted oui at each reporting date. with the recoverable
amount being estimated where such indicators exist. Vlhere the carying value exceeds the
Cove￿ble amount. the asset is impaired accordingly. Prior irnpairments are also reviewed for
possible reversal at each reporting date.
For the purposes of impaimienl testing. when it is not possible to estimate the recoverable
amount of an individual asset. an estimate is made of the recoverable amount of the
cash-generating unit to which the asset belongs. The cash-generating unit is the smallest
identifiable group of assets that includes the asset and generates cash inflows that largely
independent of the cash infiov4S from other assets or groups of assets.
For impainnent testing of goodwill, the goodwill acquired in a business combination is. from the
acquisition date. allocated to each of the cash-generating units that are expected to benefit from
the synergies of the combination. Ir￿spe￿ive of whether other assets or liabilities of the Charity
are assigned to those units.
Flnanclal Instruments
A financial asset or a financial liabilty is rewgnised only when the charity becomes a party to the
contractual provisions of the instrument.
Basic financial instruments are inttially recognised at the amount receivable or payable including
any related transaction costs.
Current assets and cu￿ent liabilities are subsequently measured at the cash or other
consideration expected to be paid or ￿ceIVed and not discounted.
Debt instruments are subsequenlly measured at amortised ￿St.
20

North Brlstol Advice Centre
Company Llmlted by Guarantee
Notes to the Financlal Statements (contlnuod)
Year ended 31 March 2024
Accountlng pollcles (condnu•d)
Financial inslruments (¢ondnued)
Where investments in shares are publicly traded or their fair value can otherwise be measured
reliably, the investment is subsequently measured at fair value with changes in fair value
recognised in income and expendilure. All other such investments are subsequently measured at
cost less irnpairment.
Other financial instruments. including derivatives. are initially recognised at fair value, unless
payment foi an asset is deferred beyond nonnal business terms or financed at a rate of interest
that is not a market rate, in which case the asset is measured at the present value of the future
payments dtscounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value. with any changes
recognised in the statement of financial activities. with the exception of hedging instruments in a
designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence
of impairment at the end of each reporting date. If there is objective evidence of impairment, an
impairment loss is recognised under the appropriate heading in the statement of financial
actrvities in which the initial gain was recognised.
For all equty instruments regardless of significance. and other financial assets that are
indivKlually signfficant. Ihese are assessed individually for impairment. Other financial assets are
either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impaimiont are recognised immediatety. to the extent that the reversal does not
resu￿ in a carrying amount of the financial asset that exceeds what the carying amount would
have been had the impaimient not previously been re¢ognised.
Defined contribution plans
Contributions to defined contribution plans are ￿cOgnised as an expense in the period in which
the related service is provided. Prepaid contributions are reo)gnised as an asset to the extent
that the prepayment will lead to a reduction in future payments or a cash ￿fund.
When contributions are not expected to be settled wholty within 12 months of the end of the
reporting date in which the employees render the related service. the liability is measured on a
discounted present value basis. The unwitKling of the discounl is recognised as an expense in
the period in which it arises.
Limited by guarantee
Every member of the Charty undertakes to contribute such amount as may be required {not
exceeding £1) to Ihe Charitys assets rf it should be wound up while he or she is a member or
within one year after he or she ceases to be a member. for payment of the Charitys debts and
liabilities contracted before he or she ceases to be a member. and of the costs. charges and
expenses of winding up. and for the adjustment of the rights of the contributories among
themselves.
21

North Bristol Advice Centre
Company Limited by Guarantee
Notes to the Financial Ststements (¢ondnu6d)
Year ended 31 March 2024
Donatlons and legacles
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Donations
Donations
Local Giving
4.632
4.632
1.894
3.219
1.894
3.219
4.632
4,632
5.113
5,113
Charltable actlvltles
Unrestricted
Funds
Restrbcted Totsl Funds Total Funds
Funds
2024
2023
Small Grants
John James Bristol Foundation
Henry Smith Charity
Garfield Weston
MaPS Grant
Quartet Communty Foundation
Van Neste
Shire
Bristol Wessex Billing
WHAM Grant
Access lo Justice - CIF
IMA Grant
The National Lottery
Bristol City Council - IAG
Bristol City Council - Cost of Living
Bristol City Council- HSF
Bristol City Funds BCH Health and
Wellbeing
The Dolphin Society
South GloucesteT5hire CC - COL
South Gloucestershire CC
The Nisbet Trust
St Monica Trust
BNWFB
Access to Justice - HALS
Access to Justice - IOTLS
Society of Merchant Venturers
Thrive Bristol Communty Granl
Forrester Family Trust
BW Prom
Society of Holy Child Jesus
SGC Area Wide
Bristol CPA
700
700
833
60,000
20,000
115.376
8.333
10,000
12,000
4.200
8.250
12.196
4.011
8.333
57.624
14.617
20.000
11,189
9,167
60.000
833
60.000
20.000
115.376
8.333
10.000
138.829
12.024
12.OlJO
4.200
12,000
8.250
13.725
12.196
4.011
8.333
8,319
51.624
57,624
17,979
14.617
20.000
5.340
10.000
20.000
5,340
10.000
20.000
34,604
16,500
16,660
19.901
12.500
51.883
17,347
5,000
34.604
16.500
34,593
20,000
3,340
11,408
25.000
16.660
19,901
12.500
51,883
4,167
5,850
16,667
3.000
20.000
1,500
7,010
157.824
386,037
543.861
515.738
22

North Bristol Advice Centre
Company Llmlted by Guarantee
Notes to the Financial Ststements (condnu
Year ended 31 March 2024
Other tradlng actlvltles
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Room Hire
10,054
10,054
8,900
Investment incomo
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Bank interest receivable
7,021
7,021
2,728
2.728
Other income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Advice Services
Miscellaneous
5.368
874
5.368
874
2,045
1.274
2,045
1,274
6.242
6.242
3.319
3,319
23

North Bristol Advice Centre
Company Limited by Guarantee
Notes to the Financial Statements (conthiu
Year ended 31 March 2024
10. Expenditure on charitable aclfvfties by fund type
Unrestricted Restricted Total Funds Total Funds
Funds
Funds
2024
2024
Charitable activities
Support costs
150,611
3.162
379.269
6.768
529.880
9.930
473,510
6,595
153.773
386.037
539.810
480,105
11. Expendlture on charftable actlvltles by activlty type
Activities
undertaken Grant funding
diredy
of activities Support costs
Total funds
2024
Total fund
2023
Charttable activities
Govemance costs
523.697
6.183
529,880
9.930
473,510
6.595
9.930
523,597
6.183
9.930
539,810
480.105
Activities directly undertaken can be further analysed as:
2024
2023
Grants
Wages and salaries
Employerfs NIC
Pension costs
Other employmènt benefits
Rates and water
Light and heat
Repairs and maintenance
Insurance
Other motorltravel costs
Legal and professional fees
Telephone
other office costs
Depreciation
Finance costs
Marketing and publicty
Subscriptions and membership
6,183
365.814
23.566
10.877
5,492
2.330
4,837
17,515
2,228
2.546
11,978
11,882
47.933
8,997
11.165
2,010
3,845
6,792
326,138
20,512
10,318
7,271
1,553
4,350
28.592
2.585
3.113
16.538
10.726
22.993
8,649
6.595
1.450
1.930
539,810
480.105
24

North Bristol Advice Centre
Company Limlted by Guarantee
Notes to the Financlal Statements (¢onUnuodJ
Year ended 31 March 2024
12. Analysis of support costs
Analysis of
support costs
activty 1 Total 2024 Total 2023
Finance costs
Govemance costs
62
9.868
62
9.868
77
6,518
9.930
9.930
6.595
13. Analysls of granls
2024
2023
Grants to indivlduals
Grants to individuals
6,183
6,792
Total granls
6.183
6.792
14. Net income
Net income is stated after chargingl(crediting):
2024
2023
Depreciation of tangible fixed assets
8.997
8,649
15. Independent examination fees
2024
2023
Fees payable to the independent examiner for:
Independent examination of the financial statements
2.202
2.118
16. Staff costs
The total staff costs and employee benefrts for the reporting period are anatysed as follows:
2024
2023
Wages and salaries
Social security costs
Empk)yer contributions to pension plans
Other employee benefits
365.814
23.566
10.877
5.492
326.102
20,512
10,319
7,271
405,749
364.204
25

North Bristol Advice Centre
Company Limited by Guarantee
Notes to the Flnancial Statements (conllnu
Year ended 31 March 2024
16. Staff ¢osts (contlnued)
The average head count of employees during the year was 17 {2023: 17). The average number
of full-time equivalent employees during the year is anatysed as follows:
2024
2023
No.
Number of staff - management
Number of staff - administration
Number of stsff - support workers
13
12
17
17
No employee received employee benefits of more than £60.000 during the year {2023: Nil).
17. Trustw remuneration and •xpenses
No remuneration or expenses or oth8r beneffts from employment with the charity or a related
entity were received by the trustees
18. Tangible fix•d ass•ts
Freehold Fixtures and
property
fittings
Total
Cost
At 1 April 2023
Additions
233.523
60.086
1,393
293,609
1,393
At 31 March 2024
233.523
61,479
295,002
Depreciation
At 1 April 2023
Charge for the year
At 31 March 2024
17.298
8.649
60.086
348
77.384
8.997
25.947
60.434
86,381
Carrylng amount
At 31 March 2024
207.576
1.045
208.621
At 31 March 2023
216,225
216.225
19. Debtors
2024
2023
Trade debtors
Pr@payments and a¢¢rued income
13.016
6.597
4,557
3.527
19,613
8.084
26

North Bristol Advice Centre
Company Limited by Guarantee
Notes to the Flnancial Statements (contlnuad)
Year ended 31 March 2024
20. Credltors: amounts falllng due withln one year
2024
2023
Trade creditors
A¢Gruals and deferred income
Social securty and other taxes
Other creditors
21,305
42,536
10,633
2,370
4,215
73.042
6.282
4.127
76.844
87,666
21. Deferred income
2024
2023
Amount deferred in year
40.334
70,924
22. Pensions and other post retlrement beneffts
Dofin•d contrlbutlon plans
The amount recognised in income or expendtture as an expense in relation to defined
contribution plans was £10.877 (2023: £10.319}.
23. Analysis of charltable funds
Unr•strlcted funds
At
In(Y￿e Expenditure 31 March 2024
At 1 April 2023
General funds
Reseve for Redundancy and Sickness
Reserve for Capital Expendtture
Reserve for Building Repairs
170,311
50,000
240.891
10.000
185.773
(153,773)
202,310
50.000
240.891
10,000
471.201
185.773
(153,773)
503,201
At
Expenditure 31 March 2023
M 1 April 2022
Income
General funds
Reseve for Redundancy and Sickness
Reserve for Capital Expenditure
Reserve for Building Repairs
114,618
50.OIXJ
240.891
10.000
199.143
(143.45)
170,310
50,000
240.891
10.000
415.509
199.143
{143.451)
471,201
27

North Bristol Advice Centre
Company Limited by Guarantee
Notes to the Financlal Statements fcontlnu•d)
Year ended 31 March 2024
23. Anatysls of charltsble funds {confrnuedJ
Restrlctsd funds
At
Income Expenditure 31 Ma￿h 2024
At 1 April 2023
John James Bristol Foundation
BNWFB
Bristol City Funds BCH Health and
Wellbeing
Henry Smith Charity
MaPS Grant
Quartet Communty Foundation
Van Nesle
The National Lottery
st Monica Trust
MaPS Grant Redundancy
South Gloucestershire CC - Cost of
Living
Thrive Bristol Cornmunty Grant
WHAM Grant
IMA Grant
Bristol City Council - HSF
Bristol City Council - Cost of Living
SGC Area Wide
BW Prom
The Dolphin Society
Access to Justice - HALS
Access to Justice - IOTLS
833
19.901
{833)
(19,901)
5,340
60,000
115,376
8.333
10.000
8.333
16.660
{5,340)
{60.000)
(115.376)
(8.333)
(10.000)
(8,333)
(16,660)
9.197
9,197
20.000
(20,000)
8.250
4.011
20.000
14.617
(8,250)
{4,011)
(20,000)
(14.617)
10.000
12.500
51.883
(10.000)
(12.500)
(51,883)
(386.037)
9.197
386.037
9,197
At
Expenditure 31 Mar¢h 2023
At 1 April 2022
Income
John James Bristol Foundation
BNWFB
Bristol City Funds BCH Health and
Wellbeing
Henry Smith Charity
MaPS Grant
Quartet Communty Foundation
Van Neste
The National Lottery
St Monica Trust
13.334
11,408
(13,334)
(11,408)
29.371
60.000
138.829
(29.371)
(60.000)
(138,829)
3,340
(3,340)
28

North Bristol Advice Centre
Company Limited by Guarantee
Notes to the Financial Statements (condn
Year ended 31 March 2024
23. Anatysis of charitable funds (eontlnuodj
MaPS Grant Redundancy
South GIoU￿sterShIre CC - Cost of
Living
Thrive Bristol Community Grant
WHAM Grant
IMA Grant
Bristol City Council- HSF
Bristol City Council - Cost of Living
SGC Area Wide
BW Prom
The Dolphin Society
Access to Justi￿ - HALS
Access to Justice - IOTLS
9.197
9,197
5.850
13.725
8,319
(5,850)
(13.725)
(8.319)
17.979
1.500
3.1)00
5,000
25.000
(17.979)
(1.500)
(3,000)
{5.IX)O}
(25.000)
9.197
336.655
{336.655)
9,197
Purpose of restricted funds 2023124
BNWFB - towards delivery of debt advice services at Bristol Northwest Foodbank in Avonmouth.
BCC Cost of Living - extension of COL project. increasing complex casework ¢apacty.
BCC Household Support Fund - part of ¢ty-wide partnership to increase access to advice services
by increasing complex casework capa¢ity and priority referrals Wrth Housing Matters.
The Dolphin Society- 3-year granl supporting our Home W￿l11n9 Advi￿ SeNice.
Henry Smlth Charlty - this grant wa5 awarded towards the salary and running costs of our advice
services.
IMA- funding towards our debt work and debt relief orders.
John James Brlstol Foundatlon - awarded towards non salary operational Gosts.
MaPS - funding of our main debt Servi￿ and the provision of face to face debt advice.
MaPS redundancy reserve - this money is for the provision of redundancy as full and final settlement
of all of MAS'S obligations under the funding agreement it has with NBAC.
The National Community Lottery- Awards 4 All - towards the core costs of our advice services,
supporting people in response to the cost of l1vir￿ crisis.
South Glou¢estershlre CC - Cost of Living Grant - to increase advice capacity to support more
South Gloucestershire residents impacted by the cost of living crisis.
Brlstol Clty FundslBCH Health and Wellbeing - towards our Get Online project to develop our
digital inclusion work while creating new income streams to improve resilience.
29

North Bristol Advice Centre
Company Limited by Guarantee
Notes to the Financial Ststements {conrfnu•d)
Year ended 31 March 2024
23. Analysls of charitable funds (conllnu¥d)
Quartet Community Foundation - Catslyst Grant - towards our projed providing advice support to
older people on low incomes through Olrtreach sessions and direct support to secure legal
entidements and maximise incorne.
Th• Access to Justice Foundation - HALS - towards the core costs of our legal advice services.
The Access to Justice Foundation - IOTLS - towards our triage and outreach services. providing
early intervention legal advice support to vulnerable residents.
St Monica Trust- grant for our Bristol Tea and Tech Outreach projecL working with community
partners to take digital support into community settings.
Van Neste Foundation - towards our specialist advice SeNi￿S to help people in north Bristol facing
a cost of living crisis.
WHAM - part of a partnership project, providing advice to residents struggling with high fuel bills,
referred by the Centre for Sustainable Energy. the lead partner.
Purpose of Designated Funds
Building Repairs Reserve - this reserve has been estsblished to set aside funds for future repairs and
maintenance on the building.
Redundancy and Sickness ReseNe - this reser¥e has been set up to cover the cost of potential
redundancies. sickness and matemity pay.
Capital Expenditure Reserve - this reserve represents the capital assets value owned by the charty
that do not make up part of the charitys free reserves.
30

North Bristol Advice Centre
Company Limited by Guarantee
Notes to the Financial Statements {contlnu•d)
Year ended 31 March 2024
24. Analysis of net assets between funds
Unrestricted Total FurKIs
Funds
2024
Tangible fixed assets
Gurrent assets
Creditors less than 1 year
Net assets
208,621
380.621
(76.844)
512.398
208,621
380.621
{76.844)
512,398
Unrestricted Total Funds
Funds
2023
Tangible fixed assets
Current assels
Creditors less than 1 year
Not assets
216.225
351.840
(87.666)
480.399
216,225
351,840
(87,666)
480,399
25. Anatysls of changos in net debt
At
At 1 Apr 2023 Cash flows 31 Mar 2024
Cash at bank and in hand
343.756
17.252
361,008
31