CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE REGISTERED COMPANY NUMBER: 04353734 (England and Wales) REGISTERED CHARITY NUMBER.. 1092359 CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (On 31st October 2025 the charitable company's name was changed to Cyngor ar Bopeth Conwy Gwynedd Citizens Advice) AEHR7AKZ 1911212025 COMPANIES HOUSE A30
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CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE Contents Pages Report of the trustees............................... .. Independent Auditorfs Report... Statement of Financial Activlties.. 10 Cash Flow Statement ............... . . .. .. .. ... Balance Sheet........................................................... 12 Note5 to the Financial Statements ....................... 14-21 Registered Company Number: 04353734 (England and Wales) Registered Charity Number: 1092359 Registered Office: Victoria Chambers, Crown Street, Caernarfon Gvrynedd LL55 1 SY. Trustees Peter McGIory Peter Evans Alison Evans lan Cuthbertson Peter Lewis Bethan Williams Price Huw Llwyd Rowlands John Pollard Si6n Hughes Mlchelle Durrant Tracey Horton Stephen Thomas Stewart Burnett Jones Antony Bertola Gwennol Ellis Ifan Llewelyn Jones Lesley Day Matthew Powell Chair of the Boardlco-opted 23June 2025 Chair of the Board until 23 June 20251Vice Chair from 23June 2025 Treasurer from 28 October 2024 Treasurer until 28 October 2024 Vice Treasurerlco-opted 23 June 2025 Vlce Chair from 6 May 2025 until 23June 2025 co-opted 3 February 2025 co-opted 23 June 2025 co-opted 23 June 2025 co-opted 23June 2025 co-opted 23June 2025 resigned with effect 19 June 2025 resigned with effect 19 June 2025 Vice Chair until 4 April 20251 resigned with effert 5 April 2025 AuditorJ Barrie Buels, Crestmere Limited Chartered Certified Accountants Unit F1, Intec Ffordd Y Parc, Parc Menai, Bangor, Gwynedd LL57 4FG Key Management Tal Michael - Chief Executive and Company Secretary (until 30June 2025) Dawn Green - Chief Executive and Company Secretary (from 30 June 2025)
CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE Bankers Barclays Bank Plc, 5-7 Bangor Street, Caernarfon, Gwynedd, LL55 1AE Nationwide Building Society, 258 High Street, Bangor, LL57 1 RS The Charity Bank Limited, Fosse House, 182 High Street, Tonbridge, TN9 1 BE
CYNGOR AR 80PETH GWYNEDD CITIZENS ADVICE Page 4 REPORT OF THE TRusfEES FOR THE YEAR ENDING 31 MARCH 2025 Cyngor ar Bopeth Gwynedd Citlzens Advice (CAB Gwynedd) is a registered charity and a company limited by guarantee. It is governed by a board of trustees who are also directors for the purposes of the Companies Act 2006. This is their annual report and the financial statements of the charity for the year ended 31 March 2025. Objectlves and actlvities Objectlves and alms The charitable purpose of CAB Gwynedd is "to promote any charitable purpose for the publlc benefit by the advancement of education, the protection and preservation of health and the relief of povety, sickness and distress in particular, but without limitation, for the benefit of the community in Gwynedd and surrounding areas" The trustees have agreed the following aims: to provide the advice people need for the problems they face and to campaign to improve the policies and practices that affect people's lives; to provide a service that is free, independent, confidential and impartial,. and to value dlverslty, promote equality and challenge discrimination. In pursuing these aims we are focused on ensuring that advice is available when and where Gwynedd people need it and that they are able to access that advice face to face, by -telephone or digitally'in"the'way that best meets their needs. Our campaigning involves engaging with government agencies locally and natlonally as both can have a significant impact on Gwynedd people and the problems they face. In furtherance of these aims we seek to secure training and employment opportunities for local people providing bilingual digital advice, usually by phone, email or webchat, across Wales and England. Our policy is that all staff should, once fully trained, be paid at least the Living Wage as defined by the Living Wage Foundation. From April 2025 this is set at £12.21 per hour. Significant activities We provide advice to clients across Gwynedd and beyond, usually by phone initially but with face-to-face appointments as required. The proportion of clients seeking face to face appointments increased during the year but remains significantly lower than prior to the pandemic with a significant proportion of our seniice delivered by phone, email, video call and webchat. Public benefit The trustees have paid due regard to the Charlty Commission's 8uidance on public benefit in deciding the activities undertaken during the year. The trustees are satisfied that the information provided in the report and accounts meets the public benefit reporting requirements.
CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE Page 5 REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2025 Grants The trustees have not made grants in furtherance of the Charity's objectives during 2024-25. Achievement and performance Charltable activities 2024-25 2023-24 Unique clients helped by CAB Gwynedd Unique clients seen face to face Issues CAB Gwynedd helped with Clients where outcome was recorded Total number of outcomes recorded 7,039 1,178 30,496 1,741 5,851 773 6,308 956 27,503 1,407 4,987 584 Clients where an income gain was recorded Total Income gains Total Debt cllents receiving full advice Clients where debt was written off Total value of debt written off £4.3m £1.71m 523 633 73 52 £649k £659k However, the recorded outcomes represent only a small fraction of the impact of our work as we do not have the resources to follow up with every client untll their issue has been resolved. National research indicates that the value of our advice far exceeds the results formally recorded on the casebook system. Using the average outcomes from national research and comparing this with the number of clients we helped with different issues, we can estimate that overall, for every £100 invested in CAB Gwynedd, during 2024-25 we delivered: £192 in savings to government and public services (fiscal benefits) (£238 in 23-24) By helping stop problems occurring or escalating, we reduce the pressure on public services such as health, housing or out-of-work benefits. Total: £2.2 million (£2.2 million) £1. 733 in wider economic and socit71 benefits (public value) (£1,926) Solvin8 problems improves lives - and this means better wellbeing, participation and productivity for the people we help. Total: £20.1 mllllon (£17.8 million) £1.709 in value to the people we help (financial outcomesfollowing advice) (£7,5 74) Through our advice, we can increase people's income. We can help them get debts written-off, take up benefits they're entitled to or get compensation for problems. Total: £19.9 mllllon (£14.0 million) These three viewpoints on impact (fiscal, public and people) cannot be added together.
CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE Page 6 REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2025 Flnanclal revlew The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). Flnanclal posltlon There was a surplus for the year of £136,217. The surplus in the previous year was £100,271.. The surplus will enable us to maintain reserves as required, with additional surpluses allocated to future service delivery. In addition to continuing exlstlng programmes, In 2024-25 we were awarded contlnued funding from the UK Governmenys Shared Prosperity Fund courtesy of Cyngor Gwynedd. Thls has enabled us to deliver two projects: giving family budgeting advice in community settings (as part of the Multiply numeracy programme) and upskilling local people in call centre, customer services, reception and admin skills. The latter has made less of a contribution to our core activity of giving advice but has been successful against its own objectives as wel5 as enabling us to recruit several people into substantive advice roles with CAB Gwynedd and other charities. Funding commenced in July 2023 and continues until December 2025. Princlpal fundlng sources The principal funding sources for the yearfs operations were: Welsh Government for advice and informatlon services, a proportion of which was raised from a levy from the financial seniices industry for the purpose of providing debt advice (referred to variously as Single Advice Fund and Advicelink Cymru, delivered in partnership with Citizens Advice charities across Wales, Shelter Cymru and SNAP Cymru). Gwynedd Council for core activities, housing advice and additional capacity to train volunteers. Department for Work and Pensions for Help to Claim Universal Credit (admlnistered through Citizens Advice). Adra Tai Cyf for advice and support to tenants with the aim of ensuring that tenancies are sustainable. Various funders to provide energy advice through programmes managed by Citizens Advice in particular funded by Moondance Foundation Bangor City Council for advice and support to residents of their area. Arfon and South Gwynedd Foodbank to provide advice to foodbank users (commenced November 2022 and continues until October 2025) UK Shared Prosperity Fund, administered by Cyngor Gvrynedd (see above for details)
CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE Pa8e 7 REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2025 Investment policy and objectives Our policy is that funds not required for current expenditure will be deposited in interest- bearing bank accounts with one or more secure and reputable banks in accounts providing access within a reasonable notice period. Reserves policy and going concern The resenies policy agreed by trustees in February 2023 is to hold unrestricted reserves of £190,000. The policy was revlewed by the Board in May 2024. Notwithstanding the increase in turnover, the Board agreed to maintain the same policy on the basis that the increase in funding was to a large extent temporary. As at 31 March 2025, the charlty had unrestricted reserves totalling £282,943. Based on the above policy, the board has designated a contingency reserve fund of £190.000 to provide security for the charity in the event of a shortfall in revenues from funders. The charitys ability to continue to provide current ser4ices is largely dependent on funding from local authorities and government agencies. The fundlng available for 2025-26 is projected to be just over £1 M. The financial statements are prepared on a going concern basis based on the risk assessment and cash flow forecasting exercises undertaken. Looking forward The trustees are committed to ensuring that the funding available is used in the most effective way possible to meet our charitable objectives, ensurlng that CA8 Gwynedd remains a going concern. This requires us to ensure that the sen4ice offered matches the resources available. We are committed to working with other or8anlsations to improve the effectiveness and efficiency of our operations - our commitment is to securing the advice services which the people of Gwynedd need and deserve not to a particular organisational structure. With this in mind, together with the five other Citizens Advice charities in North Wales we have established a formal consortium, which has been registered with Companies House and will be an associate member of Cltlzens Advice and registered with the Charlty Commission. Following on from the success of the strategic partnership with Citlzens Advice Conwy, Trustees agreed to explore the feasibility of a merged service. The Merger Working Group recommended that the the Trustee Boards of the participating local Citizens Advice offices. having agreed in 2025 to a merger in principle subject to Due Diligence having been duly completed with no additional or substantive risks, barriers or liabilities having been identified, resolved to merge by 30 June 2025. On 23 June 202S Conwy Citizens Advice Trustee Board met and agreed to transfer its liabilities and assets to Gwynedd Citizens Advice on 1 July 2025. Gvrynedd Citizens Advice Trustee board met and agreed to accept Conwys liabilities and assets. The merged service has operated as Cyngor ar Bopeth Conwy Gwrynedd Citizens Advice under the charity and company of Gwynedd Citizens Advice since 1 July 2025. Formal requests to change the company and charity name have been completed.
CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE Page 8 REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2025 Structure. governance and management CAB Gwynedd is a company Ilmlted by guarantee establlshed by Its Memorandum of Association dated 2001 and governed by Articles of Association which were updated in November 2023 based on model articles agreed between the Charity Commission and Citizens Advice. It is registered with the Charity Commission. Anyone over the age of18 year5 who is not a paid or volunteer worker of the Charity and any corporate body or unincorporated association interested in furthering the work of the charity, can become a member of the charity. The members each agree to contribute £10 in the event of the charity winding up. There are currently 21 indivldual members and 3 corporate members. Organisational structure CAB Gwynedd is managed by a board of trustees (directors) who are ultimately responsible for all aspects of its activities and administration. The Chief Executive is appointed by the trustees to manage the day to day operations of the charity; authority for operational matters including finance and employment has been delegated by the trustees to the Chief Executive. The board meets quarterly and there is an executive committee of four members covering management issues which meets more regularly. No trustee receives any remuneration. The Executive Committee comprised Peter Evans (Chair), Matthew Powell (Vice Chairl and lan Cuthbertson (Treasurer) and Sion Hughes, Alison Evans joined the Executive Committee when she was voted as Treasurer on 28th October 2024. Wlder network The charity is a member of Cltizens Advice (National Association of Cltizens Advice Bureaux). Membership of Citizens Advice confers right5 and responsibilities. As a condition of membership the charity follows a performance and quality framework consisting of a cornbination of self-assessment and external checking. The charity agrees to submit itself to periodic audits as is reasonably required and to provide access to Citizens Advice staff or any other person authorised by Citizens Advice. The charity has to ensure that its governing body can demonstrate responsibility, accountability, and compliance with statutory legislation and show that its decisions are based on clear understanding of the relevant issues. Key management remuneration The remuneration of paid staff is set by reference to norms in the voluntary sector and in particular other local Citizens Advice offsces. The Board has sousht to follow the local government pay scheme insofar as this is affordable within available resources.
CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE Pa8e 9 REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2025 Recrultment. tralnlng and appolntment of trustees As set out in our ociati , the maximum number of trustees is fifteen. In line with best practice, vacancies for trustees are advertised and applicants are interviewed by a panel. However, any member can nominate an individual to be a trustee by giving notice of their intention to nominate that individual between fourteen days and thirty-five days before the AGM. New trustees undergo an induction session to brief them on their legal obligations under charity and company law, the content of the Memorandum and Articles of Association, the committee and decision-making processes, the business plan, and recent financial performance of the charity. During the induction they meet key employees and other trustees. Trustees are encouraged to attend appropriate external events. Related partles As stated above, CAB Gwynedd is a member of Citizens Advice, which provides a framework for standards of advice and casev40rk management as well as monitoring progress against these standards. It also provides a secure electronic case management tool which is used by the charity. Operating policies are based on national guidance and model procedures where provided. but are independently determined by the trustee board of the charity, in order to fulfil its charitable objects and in compliance with national membership requirements. The charity also co-operates and liaises with a number of other advisory services, local charities and council departments on behalf of clients. Where one of the trustees holds a position in a related organisation, they may be inv.olved in discussions regarding that organisatlon but not in the ultimate decision-making process. Rlsk management The trustees have a duty to identify and review risk5 to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against e.g. fraud and error. The trustees recognise that any major risk the charity is exposed to needs to be reviewed and systems put in place to mitigate those risks. To that end the charity has produced a risk register and action plan to addre55 priority risks and set up a framework for the continuous management and monltoring of risks. Systems are in place to mitigate the risks as they are identified. The risk register is resularly reviewed and in response to medium risks improved emergency procedures and contingency plans are developed.
CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE Page 10 REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2025 Statement of trustees. responsibilitie5 The trustees (who are also directors of CAB Gwynedd for the purposes of company law) acknowledge their responsibility for preparing the report of the trustees and the financial statement in accordance with applicable law, and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice GAAP), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incomlng resources and application of resources, including the income and expenditure, of the charitable company for that period, In preparing those financial statements, the trustees are required to Select suitable accountlng policies and then apply them consistently Observe the methods and principles in the Charity SORP Make judgements and estimates that are reasonable and prudent Prepare the financial statements on the going-concern basis, unless it is inappropriate to presume that the charitable company will continue as a business. The trustees are responsible for ensuring that proper accounting records are kept which disclose with reasonable accuracy at any time, the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Thls report has been prepared in accordance wlth the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the board of trustees on 18th December 2025. and signed on its behalf by: Peter McGlory- Trustee, and Chair of the Board
CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE Pa8el7 INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE Opinlon We have audited the financial statements of Cyngor. ar Bopeth Gynedd Citizens Advice (the 'charitY) for the year ended 31 March 2025 which comprise the statement of financial activities, the balance sheet and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Ki ngdom Generally Accepted Accounting Practice). In our opinion, the financlal statements: give a true and fair view of the state of rhe charitable company's affairs as at 31 March 2025 and of its incoming resources and application of resources, for the year then ended,. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Audlting (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described In the Auditors responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relatlng to golng concern In auditing the flnancial statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitys ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
CYNGOR AR 80PETH GWYNEDD CITIZENS ADVICE Page 12 INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE Other information The other information comprlses the information Included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other informarion is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in thls regard. Matters on which we are required to report by exception We have nothing to report in respect of the following matters In relation to which the Charities (Accounts and Reports) Regulations 2008 requlre us to report to you if, in our opinion: the information given in the financial statements is inconsistent in any material respect with the trustees, report; or sufficient accounting records have not been kept: or the financial statements are not in agreement with the accounting records,. or we have not received all the information and explanations we require for our audit. Responsibilities of trustees As explained more fully in the statement of trustees, responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement. whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitys ability to continue as a going concern, disclosins, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE Page13 INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE Auditor's responslbllltles for the audit of the financial statements We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or In the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below. A further description of our responsibilities is available on the Financial Reporting Council's website at.. httPS:Ilwww.frc.org.uklauditorsresponsibilities. This description forms part of our auditor's report.
CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE Page 14 INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE Extent to which the audit was considered capable of detectlng Irregularltles Including fraud Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council's website, to detect material misstatements in respect of irregularities, including fraud. We obtain and update our understanding of the entity, its activities, its control environment and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, includlng fraud. On response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included: Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud; Reviewing minutes of meetings of those charged with governance,. Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the entity through enquiry and inspection,. Reviewing financlal statements disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations; Performing audit work over the risk of management blas and override of controls, including testing of journal entries and other adjustments for appropriateness, evaluatin8 the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for indications of potential bias. Because of the inherent limltatlons of an audit, there is a rlsk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation.This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations or the override of internal control.
CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE Page IS Barrie Buels FCCA FCIE (Senior Statutory Auditor) Crestmere Limited Chartered Certified Accountants Statutory Auditor December 2025
CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE Page 16 STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Unreslricled Funds Resliicled Funds Tolal Funds 2025 T0141 Funds 2024 Income and Endownments from= Donatlons and Legacies Charitable Aclivlties Other 1,541 21 &476 22,166 1,541 1,182.883 22,166 1650 1,001,031 18,433 961407 Toial Income 240,184 96&407 1,206 590 1,022,114 Expenditure on: Charita ble Activities 88,978 981,395 1,070,373 921,843 Tolal Expenditure 88,978 981,395 1,070,373 921.843 Net Incom•l(Expendiluie) for Ihe finanaal year 151,206 04,989) 131217 100,271 Transfers between Funds 14 (14989) 14989 Nel Movomeni In Funds 136,218 13&217 100,271 R•con(ilialion of Funds: Total funds brought forward 282,944 282,944 182,673 Tolal funds Carrl•d Forward 419,161 419,161 282,944 The statement of financial activities includes all gains and losses in the year. All income and expenditure derive from continuing artivities. The notes on pages 20-28 form part of these financial statements.
CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE Page 17 BALANCE SHEET AT 31 MARCH 2025 Total Funds Total Funds 31 March 2025 31 March 2024 Fixed Assets Equipment - cost Equipment - depreclatlon 3,610 1.184 2.427 1,125 281 844 11 Current Assets Debtors Cash 12 120,902 338.460 459.362 168,815 175,287 344.102 Liabilities Creditors - amounts falling due within one year 13 42,628 62,002 Net Current Assets 416.734 282.100 Net Assets 419,161 282,944 Funds of the Charity Restricted funds Unrestricted funds Designated funds 229.161 190.000 92.944 190.000 419.161 282,944
CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE Page 18 BALANCE SHEET AT 31 MARCH 2025 In recent years, the charitable company has been entitled to exemption from audit under Section 477 of the Companies Act 2006 as the income and expenditure in each year was less than £1 m. For the year ended 31 March 2024 an audit is required and has been undertaken. These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to charitable small companies. The Trustees acknowledge their responsibilities for: ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006, and b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which othenNise comply with the requirements of the Companies Art 2006 relating to financial statements, so far as applicable to the charitable company. The financial statements were approved by the board of trustee5 on 18th December 2025. and signed on its behalf by: 7ko"G(..y Peter McGlory- Trustee. and Chalr of the Board Alison Evan5. Trustee & Treasurer
CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE Page 19 STATEMENT OF CASH FLOWS AT 31 MARCH 2025 2025 2024 Operating activities Net cash (used in)/provided by operating activities Interest paid 162,876 (269) 161607 (38,737) (175) (38,912) Investing activities Investment Income Capllalised purchases Depreciatlon Net cash provlded by Investlng actlvltles 2,148 (1485) 903 566 3,623 (1,125) 281 2,779 Change in cash and cash equlvalents In the year Cash and cash equlvalents at beglnnlng of the year Total cash and cash equivalents at end of the year 163.173 175,287 (36,133) 211,420 338,460 175,287
CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE Page 20 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies 1.1 Basis of preparing the financial statements The financial siatements of the charitable company, which is a public benefit entity under Financial Reporting Standard 102, have been prepared in accordance with the Charities SORP (FRS102) 'Accounting and Reporting by Charities: Statement of Recommended Practice, applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FR5102) (effective 1 January 2019),, Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Companies Act 2006. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. The charitable company is not a member of a group and the financial statements cover Its activities as an individual entlty. The financial statements are prepared under the historical cost convention and in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The Trustees conslder there are no material uncertainties about the charitys ability to continue as a going concern. 1.2 Fund accountlng Unrestricted funds can be used in accordance with the charitable objectives of the company at the discretion of the trustees. Designated funds are unrestricted funds earmarked by the trustees for a particular purpose. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors, or which have been raised by the company for specific purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. 1.3 Income All income is recognised in the Statement of Financial Activities (SOFA) once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Donated services and facilitie5 are included at the value to the charity where this can be quantified and is material except that the value of services provided by volunteers has not been included in these accounts. Voluntary income is received by way of grants (including Government grants), donations and gifts, including gift aid where applicable, and is included in full in the statement of financial activities when receivable. Income from grants, where related to performance and specific deliverables, is accounted for when it is probable that the income will be received and the amount can be measured reliably and it is not deferred.
CYNGOR AR BOPETH GWYNEOD CITIZENS ADVICE Page 21 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1.4 Expendlture 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 relates. Charitable expenditure includes those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. The primary functional activity of the charity is the giving of free and confidential advice to the public. It includes both costs that can be allocated directly to this activity and those costs of an indirett nature necessary to support them. All costs have been allocated to activity cost categories on a basis consistent with the use of resources. Support costs include all those overhead costs of office accommodation, utility services and other seniices and costs which support the charitys activlties. Also the costs of meeting the constitutional and statutory requirements of the charlty and costs linked to the strategic management of the charity. 1.5 Operatlng leases and hlre purchase agreements The charity classifies leases of property and printing and telecommunications equipment as operating leases; the title to the property and equipment remains with the lessor. Rental charges are expensed on a straight line basis over the term of the lease. 1.6 Tanslble flxed assets and depreclatlon Tangible fixed assets for use by the charity are stated at cost or, in cases where fixed assets have been donated, at valuation at time of acquisition, less depreciation. The cost of minor additions or those costing below £500 are not capitalised. Furniture and equipment is written off on a straight-line basis over an estimated useful life of four years. Computer equlpment Is written off on a straight-line basis over an estlmated useful life of four years. Improvement to leasehold property is fully depreciated in the year the expense is incurred. 1.7 Transfers between funds Any restricted funds that over-spent and are in deficit, are supported using core funding by means of a transfer between funds. 1.8 Pension costs and other post-retirement benefits The charitable company enrols staff in a defined contribution pension scheme. Contributions payable to the pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Differences between contributions payable in the year and contributions paid are shown as either accruals or prepayments in the balance sheet.
CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE Page 22 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Donatgons & LeEacies Total 2025 Total 2024 Unrestricted Restricted Voluntary Income Donations 1,541 1,541 1.541 1.541 2,650 2,650 Income from Charitable Activities Unrestricted Total 2025 Total 2024 Restricted Advice Services: Cyn8or Gwjnedd Citlzens Advlce (a Adra Tai Cyf other Banc Bwyd Arfon Energy funds Ib) Shared Prosperity Fund 188,568 188,568 603,458 16.000 8.083 48.138 77,159 241,476 188,568 457,193 15,000 64.534 43.547 105,227 126,962 603,458 16.000 8.083 48.138 57,334 241.476 19,825 216,476 966,407 1,182.883 1,001,031 Of the 2024 total £1,001,031, the sum of £164,050 was Unrestrlcted and £836,981 was Restricted. {a) citlzens Advlce Includes Sln8le Advlce fundln8 from welsh Government - Speclalist DebL Community Focus. Claim Whafs Yours and Care Leavers projects. Help to Claim fundin8 from UK Department of Work and Pensions. and CSOF {b) Energy funds includes EAP, Carbon Monoxide Advlce, Warmer Wales. Force for Energy SPEN & Warmer Homes Oiscount
CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE Page 23 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Other Income Total 2025 Total 2024 Unrestrirted Restricted Bank Interest Other Income 2,148 20.018 2.148 20.018 3.623 14,811 Total 22,166 22.166 18,434 Primarily incorne for sub-lettin8 Pwllheli offices. The 2024 total was all Unrestricted. Charitable Activities Costs Unrestricted Restricted Advice & Advice & Information Information Services Services Total 2025 Total 2024 Charqtsble activities Direct Costs Support costs (see below) Total 64,627 24.351 88,978 752,235 229,161 981,395 816,862 253,512 1,070.373 673,078 248,765 921,843 Support costs Salaries/management Governance Other Total 12.610 269 11,472 24,351 106,510 2,551 120.100 229.161 119,120 2.820 131,572 253,512 124,044 3,370 121,351 248,765 Support costs are shared overhead costs. shared on the basis of staff FfEs. Of the 2024 total of £248,765 , Unrestricted total was £21.817. and the Restricted total was £226,948. Net Income or Expenditure for the year 2025 2024 This is stated after charging: Independent Examiner's fee Operating lease costs (buildings) Hire of office equipment 3,120 29,090 10,296 3.120 29,090 13,728
CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE Pa8e 24 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Information about Trustees, Directors and Employees 2025 2024 Wages and salarles Soclal Securlty Costs Penslon costs 818,213 62.257 28.126 701,090 51,370 24.694 Total 908.597 777,154 The average number of employees, analysed by function was: 2025 2024 Chief Officer Advice & Infortnation Services Admin. & Support Total 27.2 23.9 31.0 27.7 No employee received remuneration of more than £60,000. The charity considers its key management personnel comprlse the rrustees and the chief executive. Total emoluments, including pension contributions and Employerfs Nl, of the key management personnel were £54,281 (2024- £47,948). Trustees None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year (2024 - £nil). There were expenses reimbursed to trustees during the year of £46 (2024: £93) The trustees had indemnity insurance In place throughout the year. Penslons The charitable company enrols staff in a defined contribution pension scheme administered by Nest under auto-enrolment regulations. The pension cost charge for the year represents contributions payable by the charitable company to the fund and amount to £28,126 (2024: £24,694).
CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE Page 25 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 10 Comparatives for the statement of flnanclal artivities - previous year Unreslrlcted Restrlcted Total Fun d¥ Funds Funds 2024 Income and Endowments from: Donations and Legacies Charitable Activities Other - including Fundraising Total Incom • 2,650 164,050 18,433 2,650 1.001.031 18,433 836,981 185,133 836,981 1,022,114 Resou rces expended Chari tsb le activi lies Total resources expended 62,664 62,664 859,179 859,179 921,843 921,843 Net Inc4)me/(Expendilure) for the financial year Transfers between funds Net movements in Funds 122,469 122,1g8) 100,271 (22,198) 22,198 100,271 100,271 Reconclllatlon of Funds: Total funds brought forward 182,673 182,673 Total Funds carried forward 282.944 282,944 11 Fixed assets Improvements to leasehold properties Furniture Equipment & fittings Total Cost At 31st March 2024 Additions 2024-25 345,858 44,040 1,125 2,485 3,610 391,023 2,485 393,508 345,858 44,040 Depreciation At 31st March 2024 345,858 44,040 281 390,179 Annual Charge 2024-25 903 903 345,858 44,040 1,184 391,082 Net book value at 31 March 2024 844 844 N et book valu e at 31 March 2025 2,427 2,427
CYNGOR AR BOPETH GWYNEDD CITIZENS ADVICE Page 26 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 12 Debtors- amounts falling due within one year 2025 2024 Accrued Income PTepayments Trade Deblois 19,311 3,632 97,960 88,778 5,552 74,486 120,902 168,816 13 Creditors - amounts falling due wlthin one year 2025 2024 Accounts payable Olher CTedllors Includlng tax and soclal securlty Accruals and Deferred Income others 4,270 9,104 15,532 20,180 21,559 1,267 30,955 1,764 42,628 62,003 14 Movement In Funds Net movement in funds At l April 2024 Transfers in funds At 31 March 2025 Restricted Funds: Advice services (14,989) (14,989) 14.989 14.989 Unrestricted Fund Designated reserve fund General fund 190,000 92.943 282,943 190,000 227,633 417,633 149,679 149.679 (14,989) (14.989) Total Funds 282.943 134,690 417.633
f¥JG£)R AR BOPETH GWYNEDD CITIZENS ADVICE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 15 Restricted Funds Balance Held al 31 March 2024 Incoming Outgoing Balance Held al 31 March 2025 Net Transfers (SDF Banc Bwyd Arfon SAF- vla Citizens Advlce Claim Whals Youis Energy funds Help To Clalm SPF ISPF Numeiacy General Advice (Res1ricled) £20,750 £48,138 r269,604 £60,480 £57,334 r268,624 r241,476 £24,381 £48,467 £276,265 £63,218 £55,212 £273,398 £239,994 £460 C3,631) (329) (6,661) P,738) 2,122 (4,774) 1.483 (460) 3,631 329 6.661 2.738 (2,122) 4,774 (1,483) 460 966,407 981,395 0 4,989) 14,989 Transfers between funds: Any restricted funds that have overspent and are in deflclt are supported by core funding by mean5 of a transfer between funds. Purpose of restricted funds: The total for advice services comprises: Welsh Government for advice and information services, a proportion of which was raised from a levy from the financial seniices industry for the purpose of providing debt advice. Department for Work and Pensions for Help to Claim Universal Credit Both are administered through Citizens Advice. 16 Commitments under operating leases Minimum lease payments under non-cancellable leases fall due as follows: 2025 2024 Within one year Between two and five years 39,386 17.903 44,182 82,107 57,289 126,289
WCQRAR BOPETH GWYNEDD CITIZENS ADVICE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 17 Related Party Transactlons There were related party transactions between Cyngor Ar Bopeth Gwrynedd Citizens Advice and Citizens Advice (National Association of Citizens Advice Bureaux) during the year. The charity paid £8,512 to Citizens Advice in membershlp fees and to cover the cost of insurance. financial support, and information services (2024." £7,645). No amounts were outstanding at the year end. 18 Taxation The company, being a registered charity with minimal trading income, has been granted exemption from corporation tax under Section 505 of the Income and Corporation Taxes Act 1988, No provision for taxation has therefore been made in these accounts.