Company Registration Number: 3765728 Charity Registration Number: 1077427 Barrow Citizens Advice Bureau Financial Statements For the Year Ending 31 March 2025 JANE ASCROFT ACCOUNTANCY LIMITED Chartered Accountants Enterprise House Harmire Enterprise Park Barnard Castle County Durham DL12 8XP
Barrow Citizens Advice Bureau Financial Statements Year Ended 31 March 2025 Trustees' Annual Report (Incorporating the Directors' Report) Independent Examiner's Report to the Trustees Statement of Financial Activities (Including Income and Expenditure Account) Statement of Financial Position Notes to the Financial Statements The Following Pages Do Not Form Part of the Financial Statements Detailed Statement of Financial Activities Page 1 6 7 8 9 21
Barrow Citizens Advice Bureau Trustees' Annual Report (Incorporating the Directors' Report) Year Ended 31 March 2025 Tha truised is anal state the directors it the he years oded 31 My ran resent their report and the Objectives and Activities itizens Advice Barrow's objects are to promote any charitable purpose for the benefit of th ommunity in Barrow and district by the advancement of education, the protection and preservation c health and the relief of poverty, sickness and distress. Citizens Advice Barrow's aims are: To provide the advice people need for the problems they face and : To improve the policies and practices that affect people's lives The charity provides tree, confidential, impartial and independent advice and information to anyone regardless of personal circumstance. Citizens Advice Barrow values diversity, promotes equality, and challenges discrimination. Public Benefit Statement The trustees confirm that they have complied with their duty under section 17 of the Charities Act 2011 to have due regard to the Charity Commission's guidance on public benefit. In delivering our services and planning future activities, we ensure our work furthers our charitable purposes and provides clear public benefit. in 2024/25, Citizens Advice Barrow supported 2,705 clients with a total of 14,468 issues, averaging 5.3 issues per person. These covered a range of areas and like previous years, the majority of need was regarding benefits and tax credits, debt and housing. 65% of our clients had a long-term health condition or disability. Our advice work secured £3,570,597 in direct financial gains for clients, boosting the local economy. Major projects included ongoing delivery of the Macmillan Welfare Benefits Project and MAPS (Money and Pensions Advice Service). - 1-
Barrow Citizens Advice Bureau Trustees' Annual Report (Incorporating the Directors' Report) (continued) Year Ended 31 March 2025 Achievements and Performance Despite leadership transition and continued funding uncertainty, Citizens Advice Barrow delivered high-quality advice and support during a challenging year. The retirement of long-standing CEO Christine McKinlay in August 2024 marked a significant change A decision on long-term leadership and strategy has been delayed due to funding uncertainties in the new Westmorland and Furness local authority area. The trustees thank Christine and Steve for their commitment, leadership and guidance of Citizens Advice Barrow for many years. They also express their sincere thanks to the dedicated team of staff who have continued to deliver high-quality advice and support during a year marked by considerable uncertainty and organisational change. The professionalism, resilience and commitment shown by the team — particularly during the transition in leadership — have ensured that Citizens Advice Barrow remained a trusted and vital service for local people. We are also pleased to report the successful recruitment of two new volunteers, the first in several years. Volunteers are a vital part of the Citizens Advice service and enable us to extend our reach and provide additional capacity, ensuring that more people in our community can access the help they need when they need it most. Financial Review The results for the year show an operating deficit of £52,274 which was in line with our forecasts and was funded from reserves. Income was primarily derived from project-based grants and contracts, including from Westmorland and Furness Council, Macmillan Cancer Support and the Money and Pensions Advice Service (MAPS). The trustees continue to monitor financial risks closely and aim to diversify income sources to safeguard core services. The charity holds unrestricted reserves to provide stability and flexibility in managing future risks and commitments. Our reserves policy is to maintain a minimum of three months' operating costs, to allow the charity to respond to unexpected income shortfalls or expenditure needs. This amounts to £101,603 and our actual unrestricted funds at 31 March 2025 excluding fixed assets was £338,452. - 2-
Barrow Citizens Advice Bureau Trustees' Annual Report (Incorporating the Directors' Report) (continued) Year Ended 31 March 2025 Investment policy The charity maintains only those funds necessary for day-to-day operations in its current account ensuring that no more than is required for regular monthly activity is held as non-interest-bearing cash A proportion of remaining unrestricted funds is held in interest-bearing savings accounts. The trustees aim to achieve the best possible return on these reserves while ensuring flexibility to access funds when needed for operational purposes. This cautious and low-risk approach ensures that funds designated for future investment in frontline services retain their value and are readily available when required. The trustees regularly review the charity's banking arrangements to ensure that interest rates remain competitive and that the charity's funds are managed prudently and securely. Donations policy Citizens Advice Barrow does not make grants or donations to other organisations. Plans for Future Periods The trustees recognise that the cost-of-living crisis and local government restructuring will continue to place pressure on both our clients and our organisation. Citizens Advice Barrow will remain focused on supporting the most vulnerable individuals in the community, particularly those with low incomes and long-term health conditions. Over the coming year, the Board will review its strategic direction, including the appointment of a new Chief Executive Officer, expected in April 2025. This period of transition will also involve reviewing staffing, service delivery models, and partnership arrangements across the Barrow area. The charity will continue to seek sustainable funding to safeguard existing services and expand access to advice where demand continues to grow. Structure, Governance and Management Citizens Advice Barrow is a company limited by guarantee, governed under Memorandum and Articles of Association. Appointment of trustees Trustees are appointed in accordance with the charity's Articles of Association. They may be elected at the Annual General Meeting or co-opted by the Board, with co-opted trustees not exceeding one third of the total. Trustees serve a term of up to three years and may be reappointed. Recruitment, induction and training of trustees All trustees are volunteers and are expected to act in the best interests of the charity, ensuring compliance with legal duties and good governance. New trustees receive an induction and ongoing support to help them understand their responsibilities and the work of Citizens Advice Barrow. Trustees are encouraged to access relevant training, and all sign up to the charity's Code of Conduct and Conflict of Interest policy. - 3-
Barrow Citizens Advice Bureau Trustees' Annual Report (Incorporating the Directors' Report) (continued) Year Ended 31 March 2025 Organisational structure & networks Citizens Advice Barrow is governed by the Board of Trustees. The Board sets the strategic direction of the organisation and holds overall responsibility for its conduct, legal compliance, and contractual obligations. The Board meets quarterly, with additional meetings convened as needed. Trustees also undertake biannual reviews of the business plan to assess progress and determine future direction. Non-trustee members may be co-opted to provide specific expertise on a temporary basis. Operational management is delegated to the Chief Executive Officer, who works closely with the Advice Services Manager to ensure delivery of all services and projects. Citizens Advice Barrow is a member of the national Citizens Advice network and actively contributes to the development and delivery of countywide services as part of the consortium of local Citizens Advice offices in Cumbria. Services are delivered by a small team of committed paid staff. Risks Policy The Trustees have considered the major risks to which the charity is exposed and have reviewed those risks, establishing systems and procedures to manage them. The Trustees consider the current key risk to be the ongoing uncertainty regarding local authority funding, with a significant delay in the confirmation of core funding. To mitigate this, the Trustees have worked closely with the Interim CEO, who has led efforts to review and update key policies and procedures and to improve internal efficiency. Risk will continue to be reviewed regularly at board meetings. Citizens Advice Barrow is part of the Cumbria-wide consortium of Citizens Advice offices. This collaboration enables the sharing of resources and expertise and strengthens the sustainability of Citizens Advice services in the region. Citizens Advice Barrow has also begun working more closely with Citizens Advice South Lakes to explore opportunities for joint roles. Reference and Administrative Details Registered charity name Barrow Citizens Advice Bureau (known as Citizens Advice Barrow) Charity registration number 1077427 Company registration number 3765728 Principal office and registered Ramsden Hall office Abbey Road Barrow In Furness Cumbria LA14 5QW The Trustees L Chambers, Chair F Chatfield R Knagg N Calvert L Postlethwaite J Mayhew M Hoggan S Trainer (Appointed as Chair 4 November 2024) (Appointed 25 July 2024) (Appointed 25 July 2024) (Retired 29 April 2024) (Retired 18 October 2024) (Retired 4 October 2024) -4-
Chief Officer Company Secretary Independent Examiner Barrow Citizens Advice Bureau Trustees' Annual Report (Incorporating the Directors' Report) (continued) Year Ended 31 March 2025 ! Young (Interim from 1 September 2024 to 21 April 202: : McKinlay (until 31 August 2024 C Mckinlay (to 31 August 2024) Jane Ascroft FCA MA (Cantab) Enterprise House Harmire Enterprise Park Barnard Castle Small Company Provisions This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The trustees' annual report (incorporating the directors' report) was approved on 17. 7. 25. and signed on behalf of the board of trustees by: Weeke L Chambers, Chair Trustee - 5-
Barrow Citizens Advice Bureau Independent Examiner's Report to the Trustees of Barrow Citizens Advice Bureau Year Ended 31 March 2025 I report to the trustees on my examination of the financial statements of Barrow Citizens Advice Bureau (the charity') for the year ended 31 March 2025. Responsibilities 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 with the requirements of the Companies Act 2006 ('the 2006 Act'). 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 Examiner's Statement Since the charity's gross income exceeded £250,000 your examiner must be a member of a body in section 145 of the 2011 Act. I confirm that | am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW). which is one of the listed bodies 1 have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or 2. the financial statements do not accord with those records; or 3. 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 'true and fair' 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 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. Jane Ascroft FCA MA (Cantab) Independent Examiner Enterprise House Harmire Enterprise Park Barnard Castle County Durham DL12 8XP - 6-
Barrow Citizens Advice Bureau Statement of Financial Activities (including income and expenditure account) Year Ended 31 March 2025 2025 Restricted funds Total funds € Income and endowments Donations and legacies Charitable activities Investment income Other income Total income Expenditure Expenditure on charitable activities Total expenditure Net (expenditure)/income Transfers between funds Note 5 6 8 9,10 Unrestricted funds € 51 223,310 9,937 5,000 238,298 274,075 274,075 55,860 : 55,860 72,357 72,357 51 279,170 9,937 5,000 294,158 346,432 346,432 (35,777) (16,497) (12,830) 12,830 (52,274) - Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward (48,607) (3,667) (52,274) 457,658 409,051 23,038 19,371 480,696 428,422 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 2024 Total funds 91,227 322,483 9,467 9,860 433,037 345,285 345,285 87,752 - 87,752 392,944 480,696 The notes on pages 9 to 19 form part of these financial statements. - 7 -
Barrow Citizens Advice Bureau Statement of Financial Position 31 March 2025 2025 € 2024 Fixed Assets Tangible fixed assets Current Assets Debtors Cash at bank and in hand Note 16 70,599 80,268 17 Creditors: amounts falling due within one year Net Current Assets Total Assets Less Current Liabilities Net Assets 18 3,585 380,852 384,437 26,614 357,823 428,422 428,422 3,930 453,385 457,315 56,887 400,428 480,696 480,696 Funds of the Charity Restricted funds Unrestricted funds Total charity funds 20 19,371 409,051 428,422 23,038 457,658 480,696 For the year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating 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 diet couledge thai esponsies for complying with the requiremenis of the All These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime. These financial statements were approved by the board of trustees and authorised for issue on ..7: 1: 25, and are signed on behalf of the board by: Scrays. R Knagg Trustee The notes on pages 9 to 19 form part of these financial statements. - 8 -
Barrow Citizens Advice Bureau Notes to the Financial Statements Year Ended 31 March 2025 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 Ramsden Hall, Abbey Road, Barrow In Furness, Cumbria, LA14 5QW. 2. 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 Policies Basis of Preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investments measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. The entity is a Public Benefit Entity. Going Concern There are no material uncertainties about the charity's ability to continue. Judgements and Key Sources of Estimation Uncertainty The preparation of the financial statements requires management to make judgements estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The Trustees consider that there are no significant estimates or judgements affecting these accounts. Fund Accounting Unrestricted funds are available for use at the discretion of the trustees in furtherance of the purposes of the charity. Designated funds are unrestricted funds earmarked by the trustees for specific purposes. Restricted funds are subjected to restrictions on their expenditure imposed by the donor. - 9-
Barrow Citizens Advice Bureau Notes to the Financial Statements (continued) Year Ended 31 March 2025 3. Accounting Policies (continued) Income All income is included in the statement of financial activities when the charity is entitled to the ncome, any performance related conditions attached have been met or are fully within th control of the charity, the income is considered probable and the amount can be quantified witt reasonable accuracy. The following specific policies are applied to particular categories of income: Donations and legacy income is received by way of donations, legacies, grants and gifts and is included in full in the Statement of Financial Activities when receivable. Where legacies have been notified to the charity but the criteria for income recognition have not been met, the legacy is treated as a contingent asset and disclosed if material. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. Donated services and facilities are included at the value to the charity, being the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market. Investment income is included when receivable. Income from charitable trading activity is accounted for when earned. Income from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance. Expenditure Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it Costs of raising funds comprise the costs associated with attracting donations, grants and legacies and the costs of trading for fundraising purposes. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated between the expenditure categories of the SOFA on a basis designed t eflect the use of the resource. Costs relating to a particular activity are allocated directly, other are apportioned based on the number of staff working on each project. Tangible Assets All fixed assets are initially recorded at cost. -10-
Barrow Citizens Advice Bureau Notes to the Financial Statements (continued) Year Ended 31 March 2025 3. Accounting Policies (continued) Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Office Equipment Computer Equipment Property Improvements : 33% traint in 33% straight line Over length of lease Impairment of Fixed Assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. Financial Instruments The charity only has financial assets and 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. Defined Contribution Plans Contributions to defined contribution plans are recognised as an expense in the period in which the related serie is prouded. Predation nibute pa are reco a sed as an asset to the extent When contributions are not expected to be settled wholly 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 unwinding of the discount is recognised as an expense ir the period in which it arises. Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due Accrued income and tax recoverable is included at the best estimate of the amounts receivable at the balance sheet date. Cash at Bank and in Hand Cash at bank and cash 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. - 11-
3. 4. 5. Barrow Citizens Advice Bureau Notes to the Financial Statements (continued) Year Ended 31 March 2025 Accounting Policies (continued) Creditors Creditors are recognised where the charity has a present obligation 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 estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due. Taxation The company is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Ac 2010 or Section 256 of the taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Limited by Guarantee The company one by eate ste arch 22 me were a reach or r Ty any many is under the control of the board of rustees as a body and as such is not controled Donations and Legacies Donations Donations Donations Donations Unrestricted Funds 51 51 - Unrestricted Funds - Restricted Total Funds Funds 2025 € - 51 Restricted Total Funds Funds 2024 - 12 -
5. Donations and Legacies Donations Donations Grants Sir John Fisher Foundation - Building work Barrow Borough Council - Heritage grant for building Barrow Citizens Advice Bureau Notes to the Financial Statements (continued) Year Ended 31 March 2025 Unrestricted Funds 51 Unrestricted Funds - 6. Charitable Activities Barrow Borough Council MAPS Westmorland & Furness Council - Money Advice project Westmorland & Furness Council - Money Advice Outreach project Macmillan/CAB welfare benefits Cumbria County Council - Emergency Fund Barrow Borough Council MAPS Barrow Foodbank CA Manchester (Energy NW Nestmorland & Furness Council - Money Advice project Citizens Advice - Energy Advice Project Macmillan/CAB welfare benefits Mind - Help Through Crisis Other charitable income Unrestricted Funds 99,280 - 57,060 38,365 28,605 223,310 Unrestricted Funds 99.280 = 1,860 57,060 28,308 184 186,692 Restricted Total Funds Funds 2025 51 51 Restricted Total Funds Funds 23,000 68,227 91,227 23,000 68,227 91,227 Restricted Total Funds Funds 2025 55,860 - 99,280 55,860 57,060 38,365 28,605 55,860 279,170 Restricted Total Funds Funds 2024 29,559 29,559 99,280 58,030 58,030 3,859 1,859 15,488 28,855 57,060 15,488 28,308 28,855 184 135,791 322,483 - 13 -
Barrow Citizens Advice Bureau Notes to the Financial Statements (continued) Year Ended 31 March 2025 7. Investment Income Bank interest receivable Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 9,937 9,937 9,467 9,467 8. Other Income Employment allowance Insurance claim Employment allowance Rates refund Unrestricted Funds 50000 5,000 Unrestricted Funds - 5,000 3,204 8,204 9. Expenditure on Charitable Activities by Fund Type Expenditure on charitable activities Support costs Expenditure on charitable activities Support costs Unrestricted Funds € 200,000 74,075 274,075 Unrestricted Funds 141,561 76,404 217,965 Restricted Total Funds Funds 2025 € 5,000 5,000 Restricted Total Funds Funds 2024 1,656 1,656 5,000 3,204 1.656 9,860 Restricted Total Funds Funds 2025 55,234 255,234 17,123 91,198 72,357 346,432 Restricted | Total Funds Funds 2024 106,029 247,590 21,291 97,695 127,320 345,285 10. Expenditure on Charitable Activities by Activity Type Activities undertaken directly Support costs Expenditure on charitable activities Governance costs 255,234 89,998 1,200 255,234 91,198 Total funds 2025 345,232 1,200 346,432 Total fund 2024 344,085 1,200 345,285 - 14-
Barrow Citizens Advice Bureau Notes to the Financial Statements (continued) Year Ended 31 March 2025 11. Net (Expenditure)/Income Net (expenditure)/income is stated after charging/(crediting): Depreciation of tangible fixed assets 12. Independent Examination Fees 2025 9,669 2024 9,669 2025 2024 Fees payable to the independent examiner for: Independent examination of the financial statements 1,200 1,200 13. Staff Costs The total staff costs and employee benefits for the reporting period are analysed as follows: 2024 Wages and salaries Social security costs Employer contributions to pension plans 237,658 20,035 18,556 276,249 240,204 20,393 19,708 280,305 The average head count of employees during the year was 10 (2024: 11). The average number of full-time equivalent employees during the year is analysed as follows: 2025 No. Advice and information 10 2024 No. 11 No employee received employee benefits of more than £60,000 during the year (2024: Nil). Key Management Personnel Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £27,033 (2024:£42,929). 14. Trustee Remuneration and Expenses Mo trusted expeces fa dunerate i he current or previous year. Trustees were 15. Transfers Between Funds During the year £12,830 was transferred from unrestricted to restricted funds being match funding for the MAPS project. - 15-
Barrow Citizens Advice Bureau Notes to the Financial Statements (continued) Year Ended 31 March 2025 16. Tangible Fixed Assets Cost At 1 April 2024 and 31 March 2025 Depreciation At 1 April 2024 Charge for the year At 31 March 2025 arrying amoun it 31 March 202 At 31 March 2024 17. Debtors Office Equipment € 15,486 13,556 965 14,521 965 1,930 Computer Property Equipment Improvements 27,843 27,843 - 27,843 - 105,054 26,716 8,704 35,420 69,634 78,338 Total 148,383 68,115 9,669 77,784 70,599 80,268 Prepayments Accrued income 2025 1,127 2,458 3,585 2024 1,571 2,359 3,930 18. Creditors: amounts falling due within one year Accruals Social security and other taxes Pension creditor Deferred income 2025 6,092 3,705 1,817 15,000 26,614 2024 4,111 4,792 2,119 45,865 56,887 19. Pensions and Other Post Retirement Benefits Defined contribution plans The amount recognised in income or expenditure as contribution plans was £18,556 (2024: £19,708). expense in relation to - 16-
Barrow Citizens Advice Bureau Notes to the Financial Statements (continued) Year Ended 31 March 2025 20. Analysis of Charitable Funds Unrestricted funds General Reserves Capital Fund Front line services in 24/25 Contractual commitments to staff First Contact Service General Reserves Capital Fund Front line services in 24/25 Contractual commitments to staff ICT upgrades and building works First Contact Service At 1 April 2024 138,399 80,268 56,126 32,481 150,384 457,658 At 1 April 2023 129,914 2,895 - 60,292 5,000 194,843 392,944 Income Expenditure 238,298 (264,406) (9,669) - - : : 238,298 (274,075) Income Expenditure (208,296) (9,669) - - = 204,363 (217,965) Funds have been designated for the following purposes: At 31 March Transfers 2025 (8.700) 103,591 70,599 (56,126) - (11,702) 20,779 63,698 214,082 (12,830) 409,051 At 31 March Transfers 2024 12,418 138,399 87,042 80,268 56,126 56,126 (27,811) 32,481 (5,000) (44,459) 78,316 150,384 457,658 Contractual obligations to staff: this is essential expenditure needed to meet redundancy an notice costs for all eligible staff should projects end. We have designated £20,779 for thi financial year. - 17-
Barrow Citizens Advice Bureau Notes to the Financial Statements (continued) Year Ended 31 March 2025 20. Analysis of Charitable Funds (continued) Restricted funds MAPS Help thru Crisis - Emergency Fund Building work At 1 April 2024 - 17,373 5,665 23,038 Income Expenditure 55,860 (68,690) : (3,667) 55,860 (72,357) 1 April 2023 MAPS Citizens Advice - Energy Advice Project Foodbank Help thru Crisis Help thru Crisis - Emergency Fund Building work - - - - Income Expenditure 58,030 (66,591) 15,488 (15,653) 3,859 (3,859) 28,855 (28,855) 29,559 (12,186) 92,883 (176) 228,674 (127,320) At 31 March Transfers 2025 12,830 - 13,706 5,665 12,830 19,371 At 31 March Transfers 2024 8,561 - 165 = (87.042) (78,316) 17,373 5,665 23,038 The Money Advice Service project is funded by the Money Advice and Pensions Service in partnership with Citizens Advice. The contract funds debt caseworker hours at Barrow CAB Help Through Crisis - The Lottery funded this project to support individuals in crisis get the advice they needed to resolve the crisis and then address its underlying causes. Lancashire & South Cumbria NHS Foundation Trust awarded a grant to enable this work to Barrow Foodbank - Provided a grant so individuals in urgent need of food and advice to resolve the underlying causes of hardship could be referred for immediate support and advice. This partnership ended in June 2023 graer to Fund arm ia to prode su and the Bayind sunily here use provided - 18-
. ' Barrow Citizens Advice Bureau Notes to the Financial Statements (continued) Year Ended 31 March 2025 21. Analysis of Net Assets Between Funds Tangible fixed assets Current assets Creditors less than 1 yea Net assets Unrestricted Funds 70,599 365,066 (26,614) 409,051 Unrestricted Funds 80,268 401,563 (56,887) 424,944 Restricted Total Funds Funds 2025 19,371 70,599 384,437 (26,614) 19,371 428,422 Restricted Total Funds 2024 55,752 80,268 457,315 (56,887) 55,752 480,696 Tangible fixed assets Current assets Creditors less than 1 year Net assets 22. Operating Lease Commitments The total future minimum lease payments under non-cancellable operating leases are as follows: 2025 Not later than 1 year Later than 1 year and not later than 5 years Later than 5 years 10 40 28 78 40 38 88 23. Transactions With Connected Charities During the year Ms M C McKinlay (Company Secretary and CEO) was also a trustee of Citizen Advice Cumbria (CAC), a consortium of the Citizens Advice Bureaux in Cumbria. The followin funding has been received through CAC during the year: Macmilian Cancer Support 2025 28,605 - 19-
Barrow Citizens Advice Bureau Management Information Year Ended 31 March 2025 The Following Pages Do Not Form Part of the Financial Statements. - 20 -
Barrow Citizens Advice Bureau Detailed Statement of Financial Activities Year Ended 31 March 2025 2025 Income and endowments Donations and legacies Donations Sir John Fisher Foundation - Building work Barrow Borough Council - Heritage grant for building work 51 Charitable activities Cumbria County Council - Emergency Fund Barrow Borough Council Barrow Foodbank CA Manchester (Energy NW) Westmorland & Furness Council - Money Advice project Citizens Advice - Energy Advice Project Westmorland & Furness Council - Money Advice Outreach project Macmillan/CAB welfare benefits Mind - Help Through Crisis Other charitable income 99,280 55,860 38,365 28,605 279,170 9,937 Investment income Bank interest receivable Other income Insurance claim Employment allowance Rates refund Total income 5,000 5,000 294,158 - 21- 2024 233000 68,227 91,227 29,559 99,280 58,030 3,85g 1,860 55,480 28,308 28,855 184 322,483 9,467 55056 3,204 9,860 433,037
Barrow Citizens Advice Bureau Detailed Statement of Financial Activities (continued) Year Ended 31 March 2025 2025 Expenditure Activities undertaken directly Wages & salaries NIC Pension costs Emergency fund disbursements Suidiy costs Support costs Wages and salaries Right, rates and water Insurance Cleaning, waste collection, repairs and maintenance L&P fees Telephone Postage, stationery and other office costs Depreciation Computer expenses Travel and training Other staff and volunteer costs Governance costs Accountancy fees Total expenditure Net (expenditure)/income 207,373 20,035 18,556 3,667 5,212 391 255,234 30,285 274 3,536 1,655 5,543 22,602 8,999 6,366 9,669 886 143 40 89,998 1,200 346,432 (52,274) - 22 - 2024 188,772 20,393 19,708 12,186 1,902 247,590 51,432 2,011 2,503 2,593 3,802 351 9,101 6,908 9,669 5,548 722 1,855 96,495 1,200 345,285 87,752