Charlty raglstratlon number 1086163 Company reglstration number 04171801 (England and Wal66) EASTBOURNE CITIZENS ADVICE BUREAU ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Caladine Chartered certifi Accountants
EASTBOURNE CITIZENS ADVICE BUREAU LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr M Frayne Mr R Fear Ms D Adeyemo Ms J Frame Ms C French MrA Bull Ms H Howard Ms A Jarrgtt Mr D White (Appointed 19 October 2023) (Appoint8d 19 October 2023) (Appointed 19 October 2023) (Appointed 19 October 2023) 8ocr•tary MrA Bruzon Charlty number 1086163 Ct>mpany number 04171801 Reglstered office Unlt 6, Highllght House 8 St Leonards Road E88tbourne East Su85ex BN213UH Indopondont axamlner Colin Dadswell FCA FCCA DChA C8ladine Llmited Chantry House 22 Upp8rton Roaj Ea8tbourne Ea8t Sussex BN2118F Bankers CAF Bank Limlted 25 Klngs Hlll Avenue Klngs Hlll West Malling Kent ME19 4JQ
EASTBOURNE CITIZENS ADVICE BUREAU CONTENTS Pago Trustee8' report Independent examineff8 report Statement of finandal adlvltles 10-11 Statement of f4nanclal p081tlon 12 statement of cash flows 13 Notes to the Ilnanclal 8tstements 14-26
EASTBOURNE CITIZENS ADVICE BUREAU TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees present thelr annual report and financlal statements for the year 8nd8d 31 March 2024. The financial statements have been prepared in accordance wilh the accounting policies set out in note 1 to the financlal statements and comply with the charws Memorandum and Articles of A5SO¢l8tion, Ihe Companies Act 2006 and "Accounting and R8POrting by Charities: Statement of Recommended Practice applicable to Gharilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Irelan(l (FRS 102) leffectlve 1 January 2019). Objectfves and actlvltles The charity's objects, as set out In Its Memorandum and Articles of Associats'¢)n, a lo promote any charitable purpose, in particular, but wlthout Ilmitation, for the b8nefit of the community in East Sussex by advancement of education, the proteGtlon and preservatlon of health and the relief of poverty, slckness and dlstress. Cltlzens Advlce's aims are focused on the following: To provlde the advlee people need for the problems they f8ce, and To lrnprove the policies and practices that affect people's lives. Citizens Advice provides fr8e, independent, ¢onfld8ntlal and Impartlal advic8 to everyone on their rlgms and responslblllties. We value diverslly, promote equality arKI challenge dlscrfminatlon. citizens Advice Eastboume has developed own m1s8ion Statement to reflect more accurately Its purpose and role within the local communlty.. Wg provid8 freo, confldentlal advlce to help people overcome thglr problsms, and we campaign on big Issues when their voices need to ba h88rd. We are a trusted local charfty providlng r85ponsiv8, hlgh- qU8llly serviG85 to help people find a way forwa and meet communlly n88ds. Our wort( and pTrsenc8 give us uniqua Inslght Into the needs of our communlty. We 8re 8 constant in the face of change, but wllh the Ilexibilily to innovate and slay ahead. Cn'teria used for 8ssesslng SUCGess Ensurlng ourwork d•llvers our alms W8 review our alms, objectives 8nd activlties each year. The 8nnual revlew seeks tc examlne our achlevements and outcome, together wilh the Su8$ of Individu81 key projects and the benefits that have been derived froTn them. In pArrying out the revlew we are ensuring that our aims, obj8Ctives and activilles are in line wlth our statsd purpose. Our main otyectives for the year have been focused on rnaintalnlng our services through the year given the problems we still experience following the pandemic. problems caused by the war in the Ukraine and the Impact of high infiation and spiralllng Ilving costs.. Key activities have includad.. Using our well-respected Research and Campaigns work to maximise our inlluence with key stakeholders, In particular feeding back on the 8ffeciiveness of government pollcles. Management of the Household Support Fund vthiGh provided financial support In excess of £82,000 to individual households throughout Eastbourn8. Responding tD the cost of living crisis and working wlth the Foodbank to produce a report on its impact in Ea5tbournè. Support for Ukraine. Wth other voluntsry agencias we have maintained our support for refugees coming from the Ukraine.
EASTBOURNE CITIZENS ADVICE BUREAU TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 PubliG benefit How our activltles dellver Publle Benefft Our main activities and who we try to help ar8 described below. All our charitsble activities focus on providing the advi people need for th8 problems they face and are undertaken specifically to provide publi¢ benefit. Th8 board of trustees have had due regard to the Charity Commission guidance on publlc benefit and have complied with the duty in sectlon 4 of the Charities Act 2011. The trustees have paid due r8gard to guidance issued by the Charity Cammisslon in decidin9 whal activities th8 charity should undertake. Activiti&s Advlce and Information SeNlce$ The maln areas of charitsble actlvity are: the provlsion of general advice and inforn80n 8ep4lces the provlslon of sp8clali6t advice and casework servlces In the debt and welfare benefits categories of social welfare law, and helping people to make appllcallons for Unlversal Credit vla the help to Claim Servlce Throughout the year we hava contlnued to offer general advlce and Informatlon in the followng way8 The provision of adviGe by face to face meellngs as w811 a8 remots rnean8, in particular our telephone servlces em8il and, in some cases, by video call. Advlce Line - partlcipation continues as part of a county-wide tdephone servlce. The Ilne Is covered an a rota basis beeen the hours of 10.00am and 4.00pm from Monday lo Friday. Outside of thes8 ts'mes there is an automated advice service 24 hours a day. Full advlc8 - general and specialist advice through our team of trained advi8ers and paid stsff. Infomiatlon and self-help, particularly through online resources. Who US and benefltsd from our servl¢e87 We have helped 8,724 people during the year 1202212023: 6,117). This Is a significant increase over the prevlous year figlre. Most clients present with more than one problem, In tot81 we helped with 28,352 issuès (202W23: 21,160). The major problem areas Identified during the course of th8 year were Benefits and Claims, Universal Credlt, housing, debt and employment. There have been changes to Ihe normal range of problems. In percentage term$ there is a large drop in Ihe number of enquirles relating to Unlversal Credit but an Increase In benefit$ and clalms. The fvio comblned however. continue to be the largest pr¢Jblem areas. We now identify charitsble support ar¥J food bank problems thlch have seen a large Increas8. The largest single problem is Personal Indapendence Payment problems which accounted for 1,504 of the issues we dealt wlth in the year.
EASTBOURNE CITIZENS ADVICE BUREAU TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Citizens Advice uses an external Treasury-approved model that allows us to put a financlal value on a handful of key areas where we can evidence the value we create locally through our advice provision and from working with volunteers. This estimated that, in 2023124, for every £1 invested in our servi, £2.57 is returned in fiscal benefits savings to the government, £22.72 in public benefit through wlder economlc and social benefits to the local community and £18.60 directly to individuals. Thes9 figures ere an Increase over the previous year especlally the figur8 that goes directly to individuals up from £16.37 to £18.60. Thls reflects the 8ignfficant efforts we made lo ensure our client5 receive all the help they need to get through the cost-of-living cr151S. We have been actively involved In Identlfying Issues that affect the communlty and have made representation to the approprlate organisatlons. During the period In qLtéstion, key Issues revolved around the cost of energy and the growing problems assoclated with inflation which has had a dramatic effect on the cost of Ilving. We also hlghlighted the impact of digital exclusion for som8 of our client8. Achl•v8ments and performance Swnificant 8Ctivities and achievements against obj8CtIV8S Factors Affo¢tlng the Achlovernent of ObJectlv08 Our blggest problem continues to be generallng sufficient funds to maintain our CO service and the detalled help we provlde related to money advice and benefits. We have a very acllve fund-r8181ng commlttee who are tasked wllh id8ntifying and obtaining funds. Our other major focus Is lo ensure we dellver the most Go$l- eff8Ctlve servlce we possibly can. Thls is 8bout doliverlng a value for money service that genuinely meets clients, needs so that we c8n Make the funding we receive work as effectively 88 POS8lbl8. The complexity of the issues that clients are facing grows constantly whlch means that we h8V8 to allow more tlme for each client. The sizè of the problems 15 also growing as a result of the Impact of Infi81ion. W8 should not forget that our staff and volunteer3 face the Identical problems related to Incraases in the cost of Ilvlng. Nobody is Immune. We actively slgn-post clients to other agencies If we believe they could be better served elsewhere. Covld.19 The immedlate problems associated wilh Covid 19 have largely disappeared but it has left major structural problems such as NHS waitlng lists. It will be several years unlll thing$ go back to the way they were, if ever. One slgnificanl thing that we have learnt from our reactlon to Covid-19 Is that there are other ways of delivering our service, not just the 1818phone and office. Other means of servicing clients such as homeworking, outreach. video conferencing and web chat are likely to grow in the future. Contrlbutlon of Volunteer5 and Pald Staff The charitvs su¢cess could not be a¢hiev8d without the hard work and dedicatlon of our volunteers and staff. The trustee board re¢ognises the tremendous contribulion made by the charity's volunteers in advising the public and adrninistering the service without which the service could not operate. Durlng 2023124 the seNice employed 18 paid workers (12.3 FTE) and 52 active volunteers together deliverlng 6 projects, Including the core serv1. Volunteers represent the indlspensable core of the service. Citizens Advice Eastbourne benefits from an average of 418 volunteer hours per week. This may be expressed as an annualised value of approximately £370,000. However, their value is inadequately expressed in monetary term5. Without our volunteers. there simply would not be a Citizens Advice service.
EASTBOURNE CITIZENS ADVICE BUREAU TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Fundraising Activities Total Income for the year wa6 £581,061, an increase of £57,436 on 2022123. Through the varlous activities of the fund-raising committee, we were able to obtsln grants from a variety of sources as shown b@low, as well a5 a legacy of £45,000 from the estate of the L8ts Joan Elizabeth Muggeridge. Fundlng has been confirmed for the majorlty of our planned actlvities for 2024125. INe are gpteful to ell our funders for their Gontlnuing 5UPPOrt and trust in us. We are also delighted to have the continuing support of a number of important local clubs and socleties. Financial revlew The availabllity of fundlng In the charity sector remains difficult. The charity is focused on providing added valu8 to its funder$ from a base of sound financlal management and ensuring that our services remain relevari¢ to Ihe strategic objedives of stakeholders at local and national level. The charity is working hard to deliver a cost-effective service Ih8t genuinely maets the needs of our dlents. It remains a chall8nglng prospect to meet the ever-increaslng demand wlth r8stricted funding sources. There was an overall surplus of £34,828 for the year (2022123 surplus of £7,956) . At 31 March 2024 tot81 reserves were £201,955 of whlch £152,955 represented unre6trict8d funds and £49,000 deslgnated reserves ReseNes policy Cltlzens Advice Eastbourne is required to ensure that free monles are avallable in each financial year to meet any reasonably foreseeable contingency. Citizens Advice Eastbourne malnialns a projection of income for three years ahead and trles to ensure Ihat this continues lo be derived from as wide a variety of sources as posslble. We take all necessary steps to ensure Ihal al no time wlthin this perlod would li be posslbla for the cessallon of one or more fundlng streams (apart from funding received frorn Eastbourne Borough Council) to present so serious a Challenge to the future of the OTganisation th8t St could not be managed so as to rontinue to provide a best value advlce 8ervlce. The trustees thoreforg conslder that it is prudent to maintain an amount equivalent to three months of operating expandlture In respect of the core advlty. Thls requires reserves of £50,000 based on the current year. In addition, th8 trustse8 revlew every year the amount required to cover potential staff and other liabilities which could be payable in the event of c105ure of Easlboume Cilizens Advlce; th18 18 estimated at approximatety £75.000. At the end of 2023124 the actual level of free reserves (i.e., unrestricted lunds less designated fund8) wa £152,955. Funds in Deflclt If, at the end of a project the fund is in deficit, that deficlt is written off against general r8setves. Any surpluses under £1,000 not required to be retumed to funders are transferred to general reserves, subject to Board appfoval. Any such transfers of surpluses above £1,000 would be referred to the Charity Commis}ion.
EASTBOURNE CITIZENS ADVICE BUREAU TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Princlpal fijnding sourc9S Prlnclpal Funding Sources The trustees extend thelr gratitud& to Easlbourne Borough Council, our major funder who continued to provide the majority of funding for the core operatlng capacity of the charity,. w6thoui this support, it would be difficult If not impossible for us to continue serving the communty The core grant has rémained at the same level for several years and has been insufflent to cover our core costs for the last few years. As mentioned under Fundraising Actrvrties. slgnlficant fundlng has also beén provided by the Nalional Loitery, Sussex Communty Foundation, the Household SuFPOrt Fund, and the ESCC Addltional Measures during the year. Our Legal Ik wlth the support of th8 Legal Support Trust ralsed £2,491. We thank them for thelr assistance. Our volunteers were also active In malntainlng our presence In the local communty by organlslng tombolas at Langney Shopping Centre and attending a local fete. The Charity old not have any borrowings from elther provlders of funding or other Sources at the balance sheet date. Inv&stm8nt pollcy As required in its Mernorandum paragraph 3.19 in furtherance of its obct5, and for no other purposes, the Company has the power to invest the monies of the Company not imrnedlately required for its purposes in or upon such investments, 8ecurltles or propety as may be thought fit, subject nevertheless to such conditions and such consents a8 may for the time being be imposed or réquired by law. Tha charity does not currently hold material inve8trn8nts. M8Jorrisks The truste8s recognise that any major rlsks to which the charlty is exposed need to be reviewed and measures put In place to mltigate th088 risks. To that end the trustees maintain a corporate rlsk register which is reviewed and updated regulady. Citlzens Advice Ea8tboume is continually monitorlng and managing It8 r18ks and ensuring action plans are in place to mitigate Its key risks. Internal rlsks are minimls8d by the implementatlon of policies and procedures for 8Uthorisallon of all transactions and prolects, and to ensure consistent quality of delivery and the upholding of our values for all operational aspects of the charltable company. These policies and procedures are periodically reviewed to ensure Ihat they stlll meet the needs of the charity. A key extemal rlsk181088 of fundlng from our traditional sources, both to fund speclfic projects aThl, potentlally, to fund our core service. This Is a perennial rlsk which was arnpllfied by the Covid-19 pandemic and has been the focus of the Fundraising Committee's work. This has resulted in funding being obtained from a number of new sources during the year as noted under 'Fundraislng Activities, bdow. Despite this, funding remalns a key risk and the charity continues to implement its longer-temi fundraising 8tralegy and to seek to diversify its funding sources. Plan5 for future porfods Ilve entered the new year with an anticipated deficit. This is nol unusual and we have built up our reserves to allow us to keep going. However, every year we seem to have a bigger hole to fill. This is a constant battle thet does not get any easier. We are reviewing our fund-raising strategy and hope that we Can r8alise our ambillons to widen our range of funders. We are ConMed that our staff and volunteers are under increased pressure both personally and professionally. We have instigated a wellbeing revlew and have discussed the results wlth staff and volunteers. As a consequence. we now have a trustee Wellbelng working group and have undèrtaken several initiatives to Improve wellbeing across the organlsation.
EASTBOURNE CITIZENS ADVICE BUREAU TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 structure, govèrnance and management Eastboume Citizens Advice Bureau (also known as Citizens Advice Eastbourne} was incorporated on 2 March 2001, company number 04171801, and 1$ registered wilh the Charily Commission in England and Wales, reglstration number 1086163. It is governed by Its memorandum and articles of associakn'on. Further detalls of the charity includSng ils reglstéred offi¢e, principal address and details of professional advisors can be found on the second page of the a¢¢ounts headed 'Legal and adminislralive infomiauon,. The trustees, are a150 the directors for the purpose of company law, and who served during the year and up to the date of Slgnature of the financial statements were: Mr M Frayne Ms P Taylor Mrs N Barrett Ms R Gargiulo Mr R Fear Ms D Adeyemo Ms J Frame Ms C French MrA Bull Ms H Howard Ms A Jarrett Mr D Wffilte {Resignéd 19 October 2023) (Resigned 19 October 2023) {Resigned 23 January 2024) {Appolnted 19 October 2023) (Appolnted 19 October 2023> (Appolnted 19 October 2023) (Appolnted 19 October 2023) Recwltment and appointment ol tnistees The charity is governed through a trustee board. Trustees who have held office durfng the year are listed on page 2. The Artlcles of Association provide for a minimum of three and a maximum of fifteen trustees, The trustees meet al least 4 times per year wilh additional meetings as required. Trustees are elected to the Board for a threevyear period and are appointed by a resolutlon of Its members at an AGM. The board has powers to co-opt members who shall retire at the followlng AGM and may offer themselves for re-election. Citizens Advlce appoints a repre8entatlve who Is entitled to attend tho Board as a non-votlng member. Eastbourne Borough Coundl Is also Invited to send a representative from its paid staff, plu¥ o repre$enlative of the councillors, to attend board meetlngs as observers. None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
EASTBOURNE CITIZENS ADVICE BUREAU TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Organisalional stniGture The organisalion Is coordinat8d from rts office in Eastbourne. Eastl)oume Clllzens Advice is a member of Citizens Advice, the operating nam8 of the National Association of Citizens Advic@ Bureaux, which provides a framework for stsndards of advlce and casework management as well as monitoring progress against these standards. Eastbourne Citizens Advlce Is. however, an Indepéndent stand alone charlty, wth ils own constitution, board of trustees and charltable objects. Operating policies are Independeniiy determined by Its Board of Trustees in order to both fulfil its own charitable objects and comply with the national membership requiremenls. Th8 Chl8f Officer, Mr. A Bruzon, h8s been apFointed by the trustees to manage the d8y-tOknday operations of the charity. In additlon, there Is an experlenced leam of paid staff and volunteers who are key to the 5ervlce offered by the charity. Decisions are made by the trustee board in line wlth the Busine$$ Development Plan and are reviewed at least annually. Reports and recommendations are taken lo the full board for approval, and thelr implementatlon Is organlsed by Ihe Chlef Offic8r and the staff team. There are regular staff and volunteer m88tings which ensure thet progre55 Is belng mad8 against targ8t8 and progress against the plan is gUlarlY monitored by the board. The board operates iwo sub-commltte85, the Fundraising Committee, and the Governance & Policies Group. Addltlonally, there is a Wall-b8ing working group. The sub•committees operate under wrltt8n terms of reference agreed by the full board,and are delegated authority withln cleady defined limits. The charlty also co-operate5 and liaises wlth a number of other advi80ry sepiices, local chBrilles 8nd soclal services departments on behalf of clients. here one of the trustees holds the p08ition of trusleeldirector of another organisalion or charity they may be involved in discussions regarding that other organisalion or charity but not in the ulllmate decislonvmaking process. Any potentlal conflict of Interest must be dedared at the outset of every board meellng, and a Truslee8' register of interests is m8intalned and regularfy updated. Induction and training of Iruste8s New trustees are briefèd on their legal obligallons under charlty and cornpany law, the content ol th8 Memor8ndum and Artlcles of Association, the committ8e and dacislon-making processes, the buslnèss plan and recent financtal performance of thè charity. They also meet key employees and other trustee5. Trusleas are encouraged to attend appropriate external tralnlng event$ where these will faGilitale the understanding of their role. Re18tionshlp wlth relaledp8thes None of the trustees rer8ive remuner8tlon or other benefits for Ihelr work wlth the Charfty. The truslees are not aware of eny contradual relationshlp with 8 related party and no related party transactions have been reported In the current year.
EASTBOURNE CITIZENS ADVICE BUREAU TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Statement of trustees. responsibilitie5 The trustees who are also the directors of Eastbourne Citizens Advice Bureau for Ihe purpose of company law, are responsible for prepartng the Trustees, Report and the financial statements in accordance with applicable law and Uniled Klngdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requires the trustees to prepare financial ststements for each financlal year which glve a true and fair vlew of the state of affairs of the Charlty and of the Incoming resources and appllcation of resources, including the Income and expendlture. of the charitable company for that year. In pr8parlng these financial ststements, the truste8s are requlred to: - select suitable accounting pollcies and then apply them consistently,. obsepie the methods and princlp18s in the Charities SORP; make judgements and estlmates that are reasonable and prudent., state whether 8ppllcable UK Accountlng Standard8 have been followed, subject to any material departures dl$closed and explained in the financial statements: and prepare the tln8nclal statements on the going concem basis unles8 It Is Inapproprlate to presume that Ihe ¢harity will cclInue in operation. The trustees are SpOnSIble for keeping adequate accountlng records thal dlsclose wlth reasonable accuracy at any time the financial position of the Charity and enable them to ensure Ihat Ihe financial slalements comply with the Companies Aci 2006. They are also responsible for safeguafding Ihe assets of the charity and hence for taking reasonable steps for the prevention and detectlon of fraud and other irregularilie5. I would like to thank all ol our staff and volunleers for thelr help and support over the last year. It h85 been difficult, but wa have conlnued to provlde the people of Eastbourne with a first-class seNi¢e which hopefully will continue. Lastly, as a new Chair, I would Ilke to mention our board of trustees. Our board now has more wom8n than men, diffefent ethnicilies, a wide age range and a mixture of working trustees and retirees. Their 8nthusiasm and commltment is highly valued. l especially thank the prevlous Chair and the CEO for their invaluable insights and support to me. They all make an enormous conlrlbution to the Success of our organisatlon. The Iwst8es' report was approved by the Board of Trustees. Ms H Howard Trustee
EASTBOURNE CITIZENS ADVICE BUREAU INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EASTBOURNE CITIZENS ADVICE BUREAU I report to the trustees on my examlnation of the financial 8tstements of Eastbourne Cltlzens Advi Bureau (the charily) for the year ended 31 March 2024. Responslbilitles and bagls of report As the trustees of the charity (and also Its directors for thè purpos8s of company law) you are responsible for the preparation of the financial statements in accordance wth the reqU1MentS of the Companies Act 2006 (the 2006 Acti. HavirvJ satlsfied myself that the financial statements of the charlty are not required to be audited under Part 16 of the 2006 Act and are eliglble for Independent examinatlon, I report In respect of my examination of the charlty's financial ststement5 carried out under Section 145 of the Charltles Act 2011 (the 2011 Act). In carrying out My examlnation I hgve followed all tho appllcable Dlrections glven by the Charity Commisslon under section 14515)(b) of the 2011 Act. Indepondent oxarnlner's 8talornont Since the charlty's gross Income exceeded £250,000 your 8xamln8r musl be a member of 8 body Ilsted in 8ectlon 145 of the 2011 Act. I confirm that l am qualified to undertake the examln81ion because l am a member of A5sociatlon of Chartered Certified Ac¢¢Juntants, whh is one of the listed bodies. I have Gompleted my examlnatlon. I confirm that no matters have come to my att8ntlon In ConnecOn with the examlnation giving me cause to belleve that In any materlal respect.. 8¢counling records were not kept in resp8Ct of Ihe charity as requlred by 8eGtlon 386 of the 2006 Act.. or the financial statements do not 8ccord with those records., or the financial statements do not comply wlth the accounting requirements of section 398 of the 2D06 Act other than any requirement that the accounts give a true and fair view which Is not a mattar considered as part of an Indapendent examlnation., or the financlal statements have not been prepared in acrKJrdance with the methods and prlnciples of the Statement of Re¢omm8nd8d Practlce for accounting and reporting by charttles appllcable to charltles prèpariyg thelr accounts in accordanc& with the Financial Reportlng St8nd8rd applicable in the UK and Republic of Ireland (FRS 102). I have no conc8ms and have come across no other matters in connectlon with the examination to which attention should be drawn in this report In order to enable a proper undetstanding of the finan¢i81 statements to be reached. Colin Dad$woll FCA FCCA DChA Caladine Llmlted Chanty House 22 Upperton Road Eastbourne East Sussex BN21 1 BF Dated: .1411i1.lO2*
EASTBOURNE CITIZENS ADVICE BUREAU STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Current flnanGlal year Unrestrlcted Unrestrlcted funds funds general deslgnated 2024 2024 Re5trlcted funds Totsl Totsl 2024 2024 2023 Not?s InGom& and endowments from: Donatlons, legacies and granls Charitsble 8¢1ivities Investments Other Income 319.958 319,958 217,360 18,743 5,000 256,810 226,559 15,258 5,000 217,380 18.743 5,000 Total Incom8 343,701 217,360 561,061 503,625 Expondlture on: Charltable activltles Total expendlture 296,668 296,668 229,565 229,565 526,233 528,233 495,669 495,669 Net Incomol(oxp•ndlture) 47,033 (12,205) 34,828 7,958 Transfers between funds 17 (52,8451 45,000 7,845 Net movoment In funds (5,812) 45,000 (4,360) 34,828 7,956 Reconclllatlon of funds: Fund balances at 1 April 2023 158,767 4,000 4.360 187,127 159,171 Fund balances at 31 March 2024 152,955 49,000 201,955 167,127 The statemènt of ff nancial activftles includes all galns and losses recognlsed in thg year. All Income and exp&nditure derive from contlnulng actlvilies. 10-
EASTBOURNE CITIZENS ADVICE BUREAU STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Prior financial year Unrestrlcted Unrestricted funds funds general deslgnat8d 2023 2023 Restricted funds Total 2023 2023 Notes Income and endowments from: Donations, legacles and grants Charitabl8 activitie¥ Investments Other Income 256,810 256,810 226.559 15,256 5,000 226,559 16,256 5.000 Total Income 277.088 226.559 503,625 Expendlturg on: Ch8ritable activities Total axpendlturo 267,398 267,398 228,271 228,271 495,8e9 495,689 Net Incomellexpenditure) 9,668 (1,712) 7,956 Tran8fers tstrween funds 17 (4,3501 4.350 N•t nveMent In funds 5,318 2,638 7,956 Rèconclllatlon of funds: Fund balances at 1 Aprll 2022 153,449 4,000 1,722 159,171 Fund balance8 at 31 March 2023 158,767 4,000 4,360 187,127 11
EASTBOURNE CITIZENS ADVICE BUREAU STATEMENT OF FINANCIAL POSITION ASAT31 MARCH 2024 2024 2023 Notss Flxed assets Property, plant and equipment 13 3,019 Current assets Trade and other r8ceivab188 Cash at bank and in hand 14 15,570 231,044 9,391 254,512 246,614 (47,878) 263,903 {96,778) Current Ilabllltieg 16 Net Cufrent assets 198,936 187,127 Net assets 201,955 167.127 Tho funds of the charlty Restrlcted income funds Unrestricted fund8 - general Unrestri(Xed funds - designated 17 4.360 158,767 4,000 152,955 49,000 201,956 167,127 The company Is entitled to the exemplion from the audit requirement contained In sectlon 477 of the Companie8 Aci 2006, for the year ended 31 March 2024. The directors acknowledge thelr responslbllities for complying with the requirementj of the Companles Act 20( with respect to accounlng records and the preparation of financial stat8m8nts. The membars have not required the company to obtaln an audit of its fin8nclal Statements for the year In question In aOrdanCe with seclion 476. These financial statsments hav8 been prepared in accordance with the provislons applicable to companles subject to th8 srnall companies reglme. The financial ststaments were approved by the trust8es on ..I.LC)l.xu4 Mr R Fear Trustee Ms H Howard Tru8tee Company reglstration number 04171801 (England and vleS) 12-
EASTBOURNE CITIZENS ADVICE BUREAU STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Cash flows from operatlng actlvllle8 Cash (absorbed by)Igenerated from operations 23 (38.857) 44,504 Investlng actlvltles Purchase of property, plant and equlpment Investment income roceived (3.354) 18.743 15,256 Net cash generated frorn Investlng actlvltles 15,389 15,256 Net cash ueed In flnanclng actlvltlwd Net Ide¢reasoVlncroase In cash and cash equlvalont8 (23,468) 59,760 Cash and cash equlvalenls at beglnnlng of year 254.512 194,752 Ca8h and cash equlvalents at end of year 231,044 254,512 13-
EASTBOURNE CITIZENS ADVICE BUREAU NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcle$ Company informatlon Eastbourne Citbzens Advlce Bureau is a prNate company limited by guarant88 incorporated In England and Wales. The registered office is Unit 6, Hlghlight House, 8 St Leonards Road, Eastbourne, East Sussex, BN21 3UH. 1.1 Accountlng convention The financial statements have been prepared in accord8nc8 with the charity's memorandum and articles of association, the Companies Act 2006, FRS 102 'The Financlal Reporting Standard applicable in the UK and Republic of Ireland. I'FRS 102.1 and the Charities SORP "Ac¢ounling and Reporting by CharitiÈs.' St8tÉment of Recommendecl Practice appllcable to charities preparing their 8c¢ounts in accordance with the Financial Reporting Standard appllcable in the UK and Republic of Ireland (FRS 1021" (effective 1 January 2019). The charity is a Public Benefrt Entity as defined by FRS 102. The financial stat8menls are prepared in stsrllng, which is the functional currency of the ¢harfty. Monetary amounts In thèse flnancial slatements are rounded to the nearest £. The financial statements have been prepared under the hlstorical cost convention. The prlncipal accounting policies adopted are set out below. 1.2 Golng concgrn At the tlme of approvlng the financial 8tatemenls, the trustees have a reasonable expectatlon that the charity has adequate resources to continue Sn operational existence for thè forese8able future. Thus the trustees contlnue to adopt the going concarn basls of accountlng In preparlng the financial statements. 1.3 Charitable funds Unrestricted funds 8r8 available for use at the dlscretion of the trustees in furtherance of their charitabla objectlves. Designated funds comprise funds which have been set 88ide at the dlscretion of the trustees for speclflc purposes. The purposes and uses of the designated funds are set out in the notes to thè flnancial statements. Restricted funds are Subject to SP8cifi¢ conditions by donors or grantors as to how they may be used. The purposes and uses of th8 restricted funds are set out in the notes lo the financlal statement3. 1.4 Income Income Is recognised when the ch8Tity Is legally entitled to it after any performance condltions have been met, the aMntS can be measured reliably, and It is probable that income will b8 recelved. Cash donations ar8 recognlsed on reoelpt. Other donations are recognised once the charlty has been notified of the donalion, unless performance condltions require deferral of the amount. Income tsx recoverable in relation to donations receiv8d under Grft Abd or deeds of covenant Is recognised at the time of the donation. Legacies *e recognised on reclpt or otheIse if the Gharlty has been notified of an impending distribution, the amount is known, and recelpt is expected. If the amount is not known, the legacy is treated as a ontingent asset. Grants receivable are accounted for In the period to which they relate. Rental income is accounted for when it falls due, 14-
EASTBOURNE CITIZENS ADVICE BUREAU NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting pollcl88 Icontlnued) 1.5 Expenditure All expenditure is inclusive of VAT, accounted for on an accruals basls and has been cla8slfied under headings that aygregate all costs related to that category. here costs cannot be d1ctlY attributable to particular heading3 they have been allocated to activlties on a basis consistent with the use of resource5. Support costs are those incurred dlrectly In support of expenditure on the objects of the charity and include govemance cost8. Govèmance costs are those costs associated with meeting the statutory requirements of the charity, and Include independent examination costs. Any expenditure on equipment and assets exc88dlng £1,000 Is capllallsed. 1.6 Property, plant and 8quipment Property, plant and equipment are initialty measured at cost and Subsequently measur8d at C08t or valuation, net of deprec18tion and any Impalrment losses. Depreciatlon Is recognised 80 as to write off th• cost or valuation of assets less thelr residual values over their useful lives cn the followin9 ba51S'. Flxtures, fittings and equipment 5 years straigm line The galn or Ios5 arlsing on the dlsp08al of an a58el is determined as the dlfference between the sale proceeds and the carrylng value of the asset, and 15 recognlsed in th8 statement of financial actlvlties. 1.7 Impalrment of non.current assets At each reporting end dat8, the charlty rèvlews the carying amountg of Its tangible assèts to determlne whether there is any indlcalion that those assels have suffered an impalment loss. If any such indication exlsts. the recoverable arnount of the asset is èstimated In ordar to detemiine the extent of th8 Impairmenl loss (If any). 1.8 Cash and ¢a8h equlvalents Cash rynd c8sh equivalents Include cash in hand, deposits held at call with banks, other short-temi liquid inveslmenls wlth origlnal maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in Gurrent15abilities. 1.9 Flnanclal instruments The Charlty has elected to apply the provisions of Section 11 'Basic Flnancial Instrurnents. and S8Ction 12 'oth8r Financial Instrumènts Issues, of FRS 102 to all of ils finandal Instrum8nts. Financial instruments are recognised in the charlty's balan sheet when the charlty becomes paty to the contractual provisions of the Instrument. nancial assets and liabilities are offset, with the net amounts pSented in the financial staternents, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to alise the asset and settle the liability simultaneously. Basic financial asset5 Baslc financial assets, which include trade and other re1V3b1es and cash and bank balances, are initlally measured al transaction price inGluding transaction costs and are 5ub5equently carrled at amortised cost using the effective interest method unless the arrangement constitutes a financing transacllon, whgre the transaction is measured et the present value of the future reip1S discounted at a market rate of Interest. Flnancial assets classified as recelvable within one year are not amortised. 15-
EASTBOURNE CITIZENS ADVICE BUREAU NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policles (Contlnued) Basic financlal liabllltles Basic finartial liabilrtles, including trade and other payables and bank loans a Initially recognised at transaction price unless the arrangement constitutes a financing trans8¢lion, where the debt instrument is measured al the present value of the fvture paymenls discounted at a market rate of interest. Finandal li8bililies dassified as payable withln one year are not amortised. Debt instruments are $ubsequentty carried at amortised cost, uslng the effective Interest rate method. Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current Ilabillties if payment is du& wlthln one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost uslng the effective interest method. Derecognlllon of financlal Ilabllltles Financial liabilitses are derecognised when the charity's contractual obligallons expire or ar8 dlscharged or cancelled. 1.10 Employee benefits The cost of any unused holiday entitlement18 recognlsed In the pèriod in vthich the employee's services are r8celved. Temlnation b8nefft8 are recognised immedlately as an expense when the charlty is demonstrably committed to terminate the employment of an employee or to provide termination benefit8. 1.11 Retlrement bèneffts Payments to defined contrlbutSon retirement benefit schemes are charged as an expense as they fall due. Crltical acGountlng estlmatss and Judgements In the applicallon of the charlty's ac¢ounting pollcies, the trustees are requlred to make judgements, estlmales and assumptions about the carrying amount of assets and liabilities that are not readlly apparent f(om other sources. The estimates and associated assumptions are based on historical experience and other factors that are Gonsidered to be relevant Actual results may differ from thesé estimates. The estimates and underfying assumpllons ara revlewed on an ongolng basis. Revisions to accounting estimates are recognised in the period in whlch the estimate is revised where the revisSon affects only that perlod, or in the period of Ihe revision and fijture periods whare the revlsion affects both currenl and future periods. Income from donatlons, legacles and grant8 Unrestrlcted fund9 2024 Unrestrfcted funds 2023 Donations and gifts Legacies receivable Grants receivable for core activities 4.839 45,000 270.119 3.705 253,105 319,958 256,810 16-
EASTBOURNE CITIZENS ADVICE BUREAU NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from donatlon$, legacles and grants Unrestrlcted Unrestrfcted funds nds 2024 2023 £ £ {Contlnued) Grants recelvable for coro acllvities Eastboume Borough Councll CIL4. C06t of Living Lottery - Cost of Livlng Household Support Fund Su55ex Communlty Foundation Awards forAII ESCC Addltlonal Measure8 I Shleldlng Legal Support Tru8t M8$onlc Lodges Mead8 Other 117,500 15,000 25,800 62,723 7,080 127,500 48,485 18,824 7,IXIO 37,000 2,440 37,000 2,491 1,110 6,700 7,156 1,415 270,119 253,105 Incomo from charltable actlvltles Restrlctod fund8 2024 Restrlctsd funds 2023 Charltablo actlvltle8 Perfomiance related grants 217,360 228,559 Perlomiance relatsd grants anatysl$ Charltsble activitie8 2024 Charltsble activitles 2023 ESCC General Benefits CitA Funded- Help to Clai 48,000 169,360 48,232 178.327 217,360 226,559 17-
EASTBOURNE CITIZENS ADVICE BUREAU NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from Inveslments Unrastrlctsd Unr¢strlcted funds funds 2024 2023 Rentsl income Interest recelvable 13,750 4,993 13,713 1.543 18,743 15.256 other Income Unmtrlctsd Unrestrlcted funds funds 2024 2023 Other Income 5,000 5,000 18-
EASTBOURNE CITIZENS ADVICE BUREAU NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 expenditure on charltable actlvltles Advlsory services Project costs Total Advisory Project costs services Total 2024 2024 2024 2023 2023 2023 Dlrect Costs Staff costs Depreciatlon and impalrment Staff recrultment Travel & 3ubsl8tenc8 Trainlng Telephone Postage, prlntlng & photocopying Cornp'jter expense5 Subscrlptions Legal and prof8sslonal fees Bank charges Office equipment Sundry expenses Management fees Security Household support 188,693 200.262 388,955 173,977 198,773 372,750 335 33S 299 1,102 2,300 5,643 225 225 397 1,306 5,803 1,034 450 5,643 397 775 5,467 1,850 531 338 4,127 6,924 359 954 5,081 6,924 359 2,975 4,680 178 2,195 3,834 5,170 8,514 176 11,567 427 11,994 60 1,438 2,018 9,082 72 421 620 (7,700) 837 42,500 2,490 11,572 72 870 638 1,438 1,651 (17,340) 449 18 7.700 17,340 837 42.500 52,269 52,269 258,156 221,585 479,721 234.279 216,551 450,830 Share of support and governance costs Isee note 8) Support 35,620 8,000 Govèmance 2,892 43,620 2,892 30,879 2,240 11,720 42.599 2,240 296,868 229,585 526,233 267,398 228,271 495,869 Analysls by fund Unrestricted funds - general Restricted funds 296,868 296,668 229,565 267,398 267.398 228,271 229,565 228,271 296,668 229.565 526.233 267,398 228.271 495,669 19-
EASTBOURNE CITIZENS ADVICE BUREAU NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs allocated to activitles Advlsory Project costs services Total Totsl 2024 2024 2024 2023 Rent and rates Insurance Llght and heat Cleaning Repairs and renewals Governance 19,500 3,184 9,098 2,140 1,700 2,892 8,000 27.500 3,184 9,096 2.140 1.700 2,892 27,5iJl 2.685 9,094 1,960 1.360 2,240 38,512 8,000 46,512 44,839 2024 2023 Governanco costs compri88: Independent exBminatlon 2,892 2,240 2,892 2,240 Included in Governance Costs above are payments of £2,892 {2023.' £2,240) to the Independenl Examlner for Independent Examlnation and accountsncy $8rvice¥. Net movement In fund8 2024 2023 The net movemènt In funds Is stated after charglngl(cr8dltlng)'. Depreciation of owned property, plant and equlpment 335 10 Trustee8 None of the trustees lor any persons connected with them) recelved any remuneration or benefits from the charity during the year. Travel expenses totalllng £14 (2023: £40) were relmbursed to one of the trustees during the year. During the year, trustees, indemnity Insurance cover costlng £194 (2023: £185) was paid by the charity. -20-
EASTBOURNE CITIZENS ADVICE BUREAU NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 11 Employees The average monthly number of employees during the year was: 2024 Number 2023 Number Charltable activit188 18 17 Emplcjment costs 2024 2023 Wages and sBlarle8 Social 8ecurlty costs Other pgnsion costs 352,836 27,398 8,721 336,962 27.088 8,700 388.955 372,750 Th8r8 were employees wh08e annual remuneration more than £60,000. Remunaratlon of key managernont pernonnel The MuneratiOn of key management per80nn81 was as follovts: 2024 2023 Aggregate compensation 41,621 40,230 The charlty re¢elves help and 8UPPOrt In the fomi of voluntary assistance In advlslng the publlc and administering the charity. 52 volunteers {2023'. 52 volunteers) contrlbuled approxlmately 416 hours of work to the charlty each week durlng the year12023: 352 hours each week). Vve estlmate Ihe valu8 of thls h8lp to be 8pproxlmat8ly £370,000 {2023.' estlmate of £300,000). 12 Taxation The charity is exempt from taxation on its activities because all Its income 1$ applied for charbtable purposes. 21
EASTBOURNE CITIZENS ADVICE BUREAU NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13 Prop8rty. plant and equipment Fixtiire8, fittings and equipment Cost Addltlons 3,354 At 31 March 2024 3,354 Depreclatlon and Impalrment Depreciation charged in the year 335 At 31 March 2024 335 Carylng amount 14 Trada and othor r•colvabl 2024 2023 Amounts falllng due wlthln onè year: Trade receivabl8S Prepayments and accrued Income 220 15,350 5,953 3,438 15,570 9,391 16 Currènt Ilabilltles 2024 2023 Olher taxatlon and social secur Trade p8yables Other payable8 A¢crual8 and deferred Income 6,425 6,088 435 1,4149 88,804 1,709 39,544 47,878 98,776 16 Retirement beneflt schemes 2024 2023 Deflned contrlbutlon s¢heme8 Charge to profit or loss In respect of defined contrlbution schemes 8,721 8,700 The charity operates a defined contribution pension scheme for a15 qualifying employees. The assets of th8 schème are held separately from those of thg charity in an independently administered fund. -22-
EASTBOURNE CITIZENS ADVICE BUREAU NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Restrlcted funds The restricted funds of the charlty comprise the unexpended balances of donallons and grants held on trust subject to specific conditions by donors a8 to how they may be used. At 1 Aprll 2023 Incoming resou88 Rasources expended Transfers At 31 MarGh 2024 Homeless Fund Awards for All Surviving Winter ESCC General 88n8fits CitA 1,360 (365) (995) 192) {270) 6,892 2,310 270 48,000 169,360 (54,892> (174,308> 2,638 4,360 217,360 (229,565) 7,845 Provlou8 year: At 1 Aprll 2022 Incomlng Regources resources expended Transfers At 31 March 2023 Homelèss Fund Awards for All Surviving Wtnter ESCC General B8nofit8 CttA 1,360 92 270 1,360 92 270 48,232 178,327 152,582) {175,689) 4,350 2,638 1,722 226,559 (228.271) 4,350 4,380 The trustees agreed in 2024, in Ilne with Charlty Commlsslon guidance (given the balance are below £1,000), to transfer the remaining balances on the Homeless Fund (expenses for homeless cllentsl. Awards for All (for IT upgrades) and Surviving Wnter (to support cllent's heating costs) to general fund8. The ESCC General Benefit5 Fund includes grants from East Sussex County CounGII and is used to increase capaciiy In the area of gèneral advlce. The CItA Fund is made up of grants from Ihe Natlonal Assoclation of Citizens Advice Bureaux and is used to assist with Universal Credit claims and the MAPS scheme which provides debt advlce. The project is included in restricted funds In order to report to C&tA. Any remaining balance held at the end of the project is transferred to genera5 reserves. The transfers into the the ESCC and CitA fund in 2024 are from unrestricted funds to clear the negative balances. -23-
EASTBOURNE CITIZENS ADVICE BUREAU NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 18 unrtrICted funds . designated The funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 Aprll 2023 Transfers At 31 March 2024 Property dllapldation8 Legacy fund 4,000 4.000 45,000 45.000 4,000 45,000 49,000 Prevlous y•ar'. At 1 Aprll 2022 Transfer8 At 31 March 2023 Property dilapidations 4,000 4.000 The Propety dllapid8tions r888rve18 set aslde for potentlal renovatlons to the offices at Highlight Hou68. The Legacy Fund contains a 18gacy received In 2024, whlch the Truste88 wlsh to put aslde for 8P8cific fundral8lng arKJ d8velopment activltl88 in the future. 19 unrtrICted funds The unre8tr1cted funds of th8 charity comprise tho unexpended balances of donatlons and grants wh5ch are not subject to 8peclflc CondiOn8 by donoTS and grantors as to how th8y may be used. These Include dèslgnatsd fijnds which have been set agld8 Out of unrestrictsd fund8 by Ihe trustees for spaclfi¢ purposes. At 1 Aprll Incomlng Resources Transfers At 31 March 2023 resouKe8 oxpendod 2024 General funds 158,767 343,701 (296.688) 152,845) 152.955 Prevlous year: At 1 Aprll 2022 Incomlng resources Resourc•s expended Transfers At 31 March 2023 General funds 153,449 277,066 (267.398) (4,350) 158,767 -24-
EASTBOURNE CITIZENS ADVICE BUREAU NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 20 Analysis of net assets between funds Unrestrlcted Unrestrlctsd fund5 funds general deslgnatgd 2024 2024 Restrlcted funds Total 2024 2024 At 31 March 2024: Property, plant and equipment Current 8S8etsllllabilillesl 3,019 149,936 3.019 198,936 49.000 152,955 49,000 201,955 Unrestrlcted Unrestrl¢ted funds funds general deslgnatsd 2023 2023 Regtrlcted funds Total 2023 2023 At 31 March 2023: Currer,'t assetsllliabiliti88) 158,787 4,000 4,360 167.127 158,767 4,000 4,360 167,127 21 Operntlng lea8e Gommltments Le88ee The current rental lease ended at 31 March 2020. A rolling extension is In place and the charity Is still in negotlation with tho landlo ragarding rènawal. Lea88 payments in the year were £27,500 {2023.' £27,500) 22 Related party trangactlons There were no dlsclosable rolated party transactlons durlng the year {2023 - none), -25-
EASTBOURNE CITIZENS ADVICE BUREAU NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2024 23 Cash generatsd from operations 2024 2023 Surplus for the year 34.828 7,956 Adjustments for.. Investment income recognised in ststement of financial activilles Depreciation and Impaimient of propety, plant and 9quIpmt (18,743) 335 (15,256) Movements in worklng capltal: (Increase) In trade and other recelvables {De¢reaselllncrease In trade and other payables (6,179) (49,098) (9.391) 96,776 Cash labsorbed by)Igenerated frorn oporatlon8 (38,857) 80.085 24 Analy818 of changes In net funds The chariiy had no materfal debt durlng the year. -26-