REI GISTERID COMPANY NUMBER: 04349637 (EnglAnd And Wales) REGISTERED CHARITY NUMBER: 1092972 REPORT ofi THE TRUSTEES AP4D UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR PRESTON AND DISTRicf CITIZENS ADVICE BUREAU Miller Roskell Limited 17 Victoria Road East Thomton Cleve5eys Lancashire FY5 5HT
PRESTON AND DISTRicf CITIZENS ADVICE BURII AU CONTCI NTS OF THE filNANCIAL STATEIIIENTS FOR THE YEAR ENDED 31 MARCH 2025 PAge Repoi't of the Trustees I to 5 ndependent Examinei s Repoi't Statement of FinanciAI Activities Balanee Sheet Notes to the Financial Statements 10 to 17 Detailed Statement of FinanciAI Activities 18
PRESTON AND DISTRicf CITIZENS ADVICE BUREAU REPORT OF THE TRUSTEES FOR THE YE< AR ENDED 31 MARCH 2025 The trustees who are al80 directors of the charity for the purposes of Ihe Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the pi'ovisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities pi'eparing their accounts in accoi'dance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJECTIVEI S AND ACTIVITIES Our aims are.. -To provide the advice people need for the problems they face. -To improve the policies and practices that affect people's lives. We provide free, confidential, independent advice to help people overcome their problems. We are a voice for our lients and consumers on the issues that matter to them. We value diversity, champion equality, and challenge discrimination and harassment To meet these aims we deliver a range of advice and information services direct to the public across the Gity. Preston & District Citizens Advice Bureau strives to provide individuals and communities with opportunities lo achieve their full potential by providing accessible quality services, which alleviate povety and inequality. The Charity is committed to relieving injustice and Greating an environment which values clients, slaff and volunteers. Preston & Districts Citizens Advice Bureau aims to provide the advice people need for the problems they face and to improve the policies and practices that affect people's lives. We are a local Charity and Company limiled by guai'antee setving the local communities of Preston & District. We belong to the largest multi-generic advice-giving network in the country. We are independent and provide free, confidential impartial advice to everyone regardless of race. gender, sexuality, religion, sexual orientation or disability. We aim to give local people a setvice, which meets socal needs, and which is flexible, and demand driven. We aim lo underslanding partners, goals and demonstrate effective and efficient use of resources. The Ti'ustees meet at least four times per year plus the Annual General Meeting to manage the affairs of the Charity- When required an Executive Board meet with regard io Finance and Personnel, reporting to the main Trustees, meeting. Ms Saima Abrar and Ms Rayhana Hafejee, the Joint Chief O(Yicers. are responsible for the daily running of the Charity. The Chai'ity's work 15 carried out at its pi'incipal office at the Town Ha51 Aiinexe, Birley Street, Preston PRI 2QE by paid employees a5SiSted by volunteers who give generously of their time. Page I
PRII Sl'ON AND DISTRICT CITIZENS ADVICE BUREAU REPORT OFTHE TRUSTEES FOR THE YII AR ENDED 31 MARCH 2025 ACHIEVEMENTS AND PERFORMANCE ChaJ'itAble activities Paid and volunteer stafr undeitakes the Charity's work. The Advisers undertake a high quality-training programme. The generalist advice service provides individuals with infonJ]ation, advice and assistance in all areas including debt, housing, immigration and nationality, employment, welfare benefits, relationship breakdown, consumer, health, education and financial management. A case management system (CASEBOOK) and othei. software including QB Welfare Benefits calculation package support the Charity. The Chaiity has again managed ils resources with prudence to provide the community with a wide l'ange of advice and information services at genei'alist and specialist levels and has secured external funding to enhance the core services. Bureau seivices are available five days per week. This year the bureau generalist and specialist advice services have delivered telephone and webchat services and have taken the opportunities working with local partners to resume face to face services thi'ough outreach sessions held at host sites in coinmunity venues. The Money Advice and Pensions Service, National WHO Energy Advice Programme, Cadent Fund and British Gas Energy Trust provide funding for debt advice and enei'gy efficiency advice. The Money Advice and Fuel Poverty teams have been proactive in developing shong partnei'sliips and links with the Lancashire Council, slalutory and Volui)tary organisations and the Council tax I'ecovery Teatn and good working pi'actices 'e in place to enabl¢ clients, problems lo be dealt effectively and expediently. Funding from Macmillan Fund is to support cancer patients and their families who face financial and other issues. funding from Yorkshire Building Society and UCLAN support our generalist advice services. The Charity's Business and Development Plan covers the period 2024 to 2027. The overriding principle of the plan is lo ensure services are accessible to all. Partnership working is one of the main priorities and the Chlty actively supports local working with partners, from community. statutory and voluntary sectors. Volunteer recruitment is ongoing with training being another key priority. We work with our national organisation to answer out of area calls through the national helpline Adviceline, Help to Claim project and the Debt Helpline. Staff and volunteers have adapted quickly to continue giving advice. We maintain business continuity with a combination of office and home working. The challenges are opportunities. time to reflect and review how we respond to changing needs of our clients, services, and staff. FINANCIAL REVIEW Princip21 funding souj'ces Details of income and expenditure for the pei'iod are Shown in the Statement of Financial Activities. The Charity receives a contribution lo its core activities and help in kind from Bi'ilish Gas Trust Fund, Mcmillan trust Fund, Cadent and Yoi'kshire Building Society and receives rests'icted funding fiDm the MaPS Mainstream Debt Advice to provide suppoit for specialist face to face money advice. Funds received from the MaPS Debt Advice Projects are restricted for use in the slaifing and running of the designated specialist services and are not used for any other puiyose. Funding fi'om the Bi'itish Gas Energy Trust Fund is restricted for the use in staffing and running costs to pi'ovide debt advice, complete Trust Fund applications and provide energy efficiency advice service and are not used for any other purpose. All restricted income is applied strictly in accordance with funder requirements. As a registered chai'ity the Bureau only makes authorised investments. As at the year-end date the Trustees considered that there were no funds available to invest. The Charity's investments are reviewed at least every twelve Inottths. Pxge 2
PREsfoN AND DISTRicf CITIZENS ADVICE BUREAU REI PORT OF THI TRUSTEES FOR THE YE<AR NDED 31 IIqARCH 2025 FINANCIAL REVIEW Reserves policy The Board aims to maintain sufficient reseives to meet operational eommitments aiid manage unfoi'eseen risks. It is the policy of the Charity that unrestricted funds which have not been designated for a specifsc use should be maintained at a level equivalent to three month's expenditure. The trustees considei. that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Bureau's cui'rent activities while consideration is given to ways in which additional ndS may be raised. The Generalist fund comprises contributions from funders who support our money advice services and energy efficiency advice services including MAPS, British Gas Trust Fund, Lancashire County Council and Cadent with help in kind funding from Preston City Council. The Equipment fund represents the value of tangible fsxed assets held by the Charity. This Redundancy fund is an amount designated by the Trustees. The value of the resetve represents funds required to meet the Chai'ity's obligations to pay redundancy should it cease to operate. This Project Exit fund is for the outreach and money advice projects specifically for implementing a three month exit strategy at the end of ihe funding periods to allow for exploration and bidding for other funding streams. The Relocation fund is an amount designated by the Trustees to investigate the possibility of relocating the local office. The feasibility of purchasii)g suitable premises will be considered with the opportunity of renting surplus office space to other local voluntary organisations, if applicable. The review commenced in 2024125. The Trustees will review the level of reserve in future years based on the viability of this project and the availability of surplu5 funds. As a registered charity the Bureau only makes authorised investments. As at the year-end date the Trustees considered that there were no funds available to invest. The Charity's investments are reviewed at least every twelve months. FUTURE DEVELOPMENT The Charity is aware that it must continue to strengthen funding of its core services to be able to bid for external monies. The Chai'ity is also aware that regional arld national funding agencies view Consortium bids more favourably. Partnership work and consortium bids will be developed with Citizens Advice Bureaux in the Lancashire area as well as in partnership with other local oi'ganisations. Broadening the services, we offer and how we deliver these services is one of our prime objectives over the next year. To this end, it is recognised that our aim is to improve accessibility to the service using information technology including telephone provision and web chat and to develop different methods of a¢cess. The Charity is continually aiming to develop new projects to promote the Concept of 'access for all,. STRucfuRE, GOVEI RNANCE AND IWIANAGEMENT Governing document The charity is ¢onlrolled by its govei'ning document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. It is registered as a chai'ity under Charity Commission number 1092972. The Directors of the company are also charity trustees for the purposes of charity law and under the company's articles known as management committee members. Recruitment and appointment of new trustees The Board Membei's apart from one Trustee. who must be nominated by Preston City Coun¢il, appoint the Trustees, who are also all Directors of the company. Re-appointment of Trustees is piovided for under the nomial Companies Act rules on an annual basis at the Charity's Annual General Meeting. The Trustee Board are mindful when appointing new Trustees of the skills and abilities requii'ed lo run the Charity effectively. Following initial discussions with the Chair about the natui'e and purpose of the Chai'ity potential new I'riislees are nominated to the Trustee Board aiid duly elected to the board. Page 3
PRESTON AND DISTRicf CITIZENS ADVICC BUREAU REPORT ofi THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 STRucfuRE, GOVERNANCE AND MANAGEMENT OrgAnisational structure The Board sets strategy and oversees governance, I'isk manageinei)t, and financial responsibility. Day-to-day management is delegated to the joint Chief OleerS, supported by paid staff and volunteers. The Charity utili5es Citizens Advice quality standards, CASEBOOK case management including QB Welfare Benefits calculation package which support the Charity. Induction and training of ne)Y trustees At the time of their appointment new Trustees are provided wilh a pack of information including copies of the Charity's formal documenls and latest fillancial infonnation, together with copies of pertinent literature from the Charities Commission. The New Trustee Induction pack is provided by the Charity's national organisation and covers the following matters.. Their legal responsibilities under charity and company law, Safeguarding, data piDtection and confidentiality Citizens Advice governance and operational requirements An overview of the Charity's strategic plan, fvnding, and risk frainework. Trustees are appointed in accordance with the governing document. Ris1< mAnagement The Charity has an annual budget approved by the Trustees. There is a regular consideration of the financial results by the Trustees including the review of variances from budget and compari50n with benchmarks The appropriate segregation of duties and delegation of authority has been put into place and ihere is a regular consideration of new risks facing the chai'ity and the steps needed to deal with these. The Trustees review the major strategic, operational and financial risks facing the Charity. Key areas of focus include: Funding stability and diversification. Safeguarding and data protection. Maintaining service quality and volunteer capacity. IT security and cybei. risk. Compliance with Citizens Advice national standards. Mitigation measure5 include internal controls, insurance, policies reviewed annually, secure Gase management systems, and stafflvolunteer training. REFERENCE AND ADIIIINISTRATIVE DETAILS Registered Company number 04349637 (England and Wales) Registei'ed Charity number 1092972 Registered office Town Hall Annexe Bii'ley Sti'eet Pi'eston Lancashire PRI 2QE Page 4
PRESTON AND DISTRicf CITIZENS ADVICE BUREI AU REPORT ofi THE TRUSTEES riOR THE YEI AR ENDEI D 31 MARCH 2025 Trustees Trustees and Directors Mr P Woodbum - Chair Mr P Crowe- Vice Chair Mrs J M Pearson - Elected Membei'rrreasurer Mrs E Gregory - Elected Member Mr M Bradley- Elected Member Preston City Council Representative Councillor Z Coupland Company Seci'etary Mrs J M Pearson Independent Examiner D. Miller FCCA Miller Roskell Limited 17 Victoria Road East Thornton Cleveleys Lancashire FY5 5HT This report has been prepared in accordance with the special provisions of Part 15 of ihe Companies Act 2006 relating to small companies. Approved by order of the board of trustees on 5 November 2025 and signed on ils behalf by.. P Woodburn - Trustee Page 5
INDII PEI NDENT EXAfvYINER'S REI PORT TO THE TRUSTEES OF PRII STON AND DISTRIcf CITIZENS ADVICE BUREAU Indepeiident exAminei"s i'epoil to the tj'ustees of Preston And District Citizens Advice BureAu ('the Company,) I report lo the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025. Responsibilities and bAsis of repoi't As the charity's trustees of the Company (and also ils directors for the purposes of company law) you are responsible for the piEparation of the accounts in accoi'dance with the requirements of the Companies Act 2006 ('Ihe 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I I'eport in respect of my examination of your charity's accounts as catTied out undei. Section 145 of the Charities Act 2011 {'Ihe 201 l Act,). In cariying out my exaininalion I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 201 l Act. Independent exAminei"s statement Since your charity's gloss income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undeitake the examination because l am a membei. of the Association of Chartered Ceitified Aecountants, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act. or the accounts do not accord with those I'ecords. or the accounts do not comply with the accounting requirements of Section 396 of ihe 2006 Act other than any requireinent that the accounts give a true and fair view which is not a matter Considered as part of an independent examination. or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recotnmended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. ler FCCA The Association of Chartered Ceitified Aceounlants Miller Roskell Limited 17 Victoi'ia Road East Thomton Cleveleys Lancashire FY5 5HT 5 November 2025 Page 6
PRESTON AND DISTRicf CITIZENS ADVICE BUREAU STATEMENT OF FINATr4CIAL ACTIVITIES FOR THE YEAR NDED 31 MARCH 2025 2025 Total funds 2024 Total funds Unrestricted funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Charitible activities Generalist Money advice British Gas Energy Trust Yorkshire Building Society Cadent Macmillan 141,725 141,725 55,860 126,700 19,716 39,416 24,723 164,002 47,196 94,800 18,900 39,000 26,277 55,860 126,700 19,716 39,416 24,723 Investment income Other income 8,987 2,520 11,507 6,350 Total 214,851 204,796 419,647 396,525 I XPENDITURE ON Charitable activities Generalist Money advice Equipment British Gas Energy Trust Yorkshire Building Society Cadent Macmillan 41,911 41,911 55.860 50 129,221 19,715 39,417 24,723 42,801 47,196 66 94,800 18,900 39,000 26,277 55,860 50 129,221 19,715 39,417 24,723 TotAI 106,101 204,796 310.897 269,040 NET INCOM 108,750 108,750 127.485 RECONCILIATION OF FUNDS Total funds brought fonward 267.333 267,333 139.848 TOTAL FUNDS CARRIED FORWARD 376,083 376,083 267,333 The notes foi'm pait of these financial stateinenls Page 7
PRESTON AND DISTRIcf CJTIZEI NS ADVICE BUREIAU BALANCE SHEET 31 MARCH 2025 2025 2024 Notes rilXED ASSETS Tangible assets 150 200 CURRENT ASSETS Debtoi's Casli at bank 26,388 373,702 76,872 289,382 400,090 366,254 CREDITORS Amounts falling due within one year (24,157) (99.121) NET CURRENT ASSETS 375.933 267,133 TOTAL ASSETS LESS CURRENT LIABILITIEI S 376,083 267,333 NET ASSETS 376,083 267.333 FUNDS Unrestricted funds.. Generalist Equipment Redundancy Project Exit Relocation Fund 56,933 150 44,000 75,000 200,000 46.133 200 46,000 75,000 100,000 376,083 267.333 TOTAL FUNDS 376.083 267,333 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and 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 accoi'dance with the requirements of Sections 394 and 395 and which otherwise comply witl) the requirements of the Companies Act 2006 relating lo financial statements, so fai. as applicable to the charitable company. (b) The notes fomi pait of these financial statenients Page 8 continued..
PRESTON AND DISTRICT CITIZENS ADVICE BUREI AU BALANCE SHEI ET- continued 31 MARCII 2025 These financial statements have been prepared in accordance with the provisions applicable to Gharitable ¢ompanies subjeGt to the small companies regime. The financial statements were appi'oved by the Board of Trustees and authorised for issue on 5 November 2025 and were signed on its behalf by.. P Woodburn - Trustee The notes forin part of these financial statements Page 9
PRCI STON AND DISTRICT CITIZEI NS ADVICE BUREAU NOTES TO THE FINANCIAL STATEIVIEI NTS FOR THE YEAR ENDID 31 IIqARCH 2025 ACCOUNTING POLICIES Basis of pi'eparing the financial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been pi'epared in accordance with the Chai'ities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {effective l January 2019), Financial Reporting Standard 102 'The Fiiiancial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial slatenients have been prepai'ed under the histoi'ical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to Ihe funds, it is probable that the income will be i'eceived and the amount can be measured reliably. Expenditui'e Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it 15 pi'obable that a li'ansfer of economic benefits will be required in settlement and the amount of the obligation can be measured I'eliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggi'egale all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings Computer equipment 25 % on reducing balance 25 % on reducing balance Taxation The charity is exempt from corporation tax on its charitable activities. Fund Accounting Unrestricted funds Can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and puryose of each fund is included in the notes to the financial statements. NET INCOME/(EXPENDITURE) Net incomel(expenditure) is stated after chargingl(crediling): 2025 2024 Depreciation - owned assets 50 66 Page 10 continued...
PRESTON AND DISTRicf CITIZENS ADVICE BURII AU NOTES TO THI FINANCIAL STATEMENTS - continued FOR THE YE< AR ENDE<D 31 MARCH 2025 TRUSTEES, mUNERATIoN AND BENEFITS There were no trustees, remuneration or oiher benefits for the year ended 31 March 2025 nor for the year ended 31 Mai'ch 2024. Payments of £2,820 (2024: £4,035) were made to Mrs J M Pear50n. a Trustee, in respect of consultancy services provided. Tru5tees' expenses There were no Éi'usÉees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. COMPARATIVES FOR THE sfATEN£ENT OF FINANCIAL AcfiviTIES Unre5h'icted funds Restricted funds Total funds INCOME AND ENDOWMENTS FROM Charitable activities Generalist Money advice British Gas Energy Trust Yorkshii'e Building Society Cadent Macmillan 164,002 164,002 47.l96 94,800 18,900 39,000 26,277 47,196 94,800 18,900 39,000 26.277 Other income 6,350 6.350 Total 235,629 160,896 396,525 EXPENDITURE ON Chai'itAble activities Generalist Money advice Equipment British Gas Energy Trust Yorkshire Building Society Cadent MacMiSlan 42.801 42,801 47,196 66 94,800 18,900 39,000 26,277 47,196 66 94,800 18.900 39,000 26,277 Total 108,144 160.896 269,040 NET INCOME 127.485 127,485 RECONCILIATION OF FUNDS Total fiinds brought forward 139,848 139,848 TOTAL FUNDS CARRIE< D FORWARD 267,333 267.333 Pagell continued...
PRESTON AND DISTRicf CITIZENS ADVICE BUREI AU NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 TANGIBLE filXED ASSETS Fixtures and fittings Computer equipment Totals COST At l April 2024 and 31 March 2025 5,546 30,354 35,900 DEPRECIATION At l April 2024 Charge for year 5,505 10 30,195 40 35,700 50 At 31 March 2025 5,515 30,235 35,750 NET BOOK VALUE At 31 March 2025 31 119 150 At 31 March 2024 41 159 200 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade debtors Prepayments and accrued income 24,673 1,715 75,853 1,019 26,388 76,872 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade creditors Social security and other taxes Other ci'editors 2,228 3,348 18,581 2,935 2,924 93,262 24,157 99.121 ANALYSIS OF NET ASSETS BETWEEN FUNDS 2025 Total funds 2024 Total funds Unrestricted funds Restricted funds Fixed assets Current assets Current liabilities 150 400,090 {24,157) 150 400,090 (24,157) 200 366,254 (99,121) 376,083 376,083 267,333 Page 12 continued...
PRESTON AND DISTRicf CITIZENS ADVICE BUREI AU NOTES TO THE FINANCIAL STATEMENTS- eontinued FOR THE Yll AR ENDED 31 MARCH 2025 MOVEMENT IN FUIYDS Net movement in funds Transfers between funds At 31.3.25 At 1.4.24 Unrestricted funds Generalist Equipment Reduiidancy Project Exit Relocation Fund 46,133 200 46,000 75,000 i 00,000 108,800 (50) (98,000) 56,933 150 44,000 75,000 200,000 (2,000) 100,000 267,333 108.750 376,083 TOTAL FUNDS 267,333 108,750 376,083 Net movement in funds. included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds Geiieralist Equipment Cadent Macmillan 150.711 (41.911) (50) (39,417) {24,723) 108.800 (50} 39,417 24,723 214,851 (106,101) 108,750 Restricted funds Money advice Britsh Gas Energy Trust Yorkshire Building Society 55,860 129,221 19,715 (55,860) (129,221) (19,715) 204,796 (204,796) TOTAL FUNDS 419,647 (310,897) 108,750 Compai'atives for movement in funds Net movement in funds Transfers between funds At 31.3.24 At 1.4.23 Unrestricted funds Generalist Equipment Redundancy Project Exit Relocation Fund 41,379 266 33,203 65,000 127.551 (66) (122,797) 46,133 200 46,000 75,000 loo,000 12,797 i 0,000 100,000 139,848 127.485 267,333 TOTAL FUNDS 139,848 127,485 267,333 Page 13 continued...
PRESTON AND DISTRIcf CITIZENS ADVICE BUREAU NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDID 31 MARCH 2025 MOVEMENT IN f<UNDS- continued Comparative net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in fund5 Unrestrieted funds Genei'alist Equipment Cadent Macmillan 170,352 (42,801) (66) (39,000) {26,277) 127,551 (66) 39,000 26,277 235,629 (108,144) 127,485 Restricted funds Money advice Britsh Gas Energy Ti'ust Yorkshire Building Society 47,196 94,800 18,900 (47,196) (94,800) {18,900) 160,896 (160,896) TOTAL FUNDS 396,525 (269,040) 127.485 A current year 12 months and prior year 12 months combined position is as follows: Net movement in funds Transfers between funds At 31.3.25 At 1.4.23 Unrestricted funds Genei'alist Equipment Redundancy Project Exit Relocation Fund 41,379 266 33,203 65,000 236,351 (116) (220,797) 56.933 150 44,000 75,000 200,000 10.797 i 0,000 200,000 139,848 236,235 376,083 TOTAL FUNDS 139,848 236,235 376,083 Page 14 continued...
PRESTON AND DISTRicf CITIZENS ADVICE BUREAU NOTES TO THE FINANCIAL STATEMENTS- eontinued FOR THE YEAR ENDED 31 MARCH 2025 MOVEMII NT IN FUNDS- continued A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Uni'estricted funds Generalist Equipment Cadent Macmillan 321.063 (84.712) (116) (78,417) (51.000} 236,351 {116) 78,417 51,000 450,480 (214,245) 236,235 Resti'ieted funds Money advice Britsh Gas Enei'gy Trust Yorkshire Building Society 103,056 224,021 38,615 {103,056) (224,021) (38,615) 365,692 (365,692) TOTAL FUNDS 816,172 (579,937) 236,235 io. RELATED PARTY DISCLOSURES Other than as detailed at Note 3 there wei'e no related party transactions for the year ended 31 March 2025 and the year ended 31 March 2024 ii. FUNDS UNRESTRICTED FUNDS GenerAIi5t The above fund comprises contributions from funders who support our money advice services and eiiergy efficiency advice setvices including MAPS, British Gas Trust Fuiid, Lancashire County Council and Cadent with help in kind funding from Prestoii City Council. Equipment This fund represents the value of tangible fixed assets held by the Charity. The balan¢e at the year end in the fund was £150. Reduiidancy This fijnd is an amount designated by the Trustees. The value of the reserve represents funds required lo meet the Charity's obligations to pay redundancy should it cease lo operate. The balance at the year end iii the fund was £44,000. Page 15 eontinued...
PRESTON AND DISTRicf CITIZEI NS ADVICE BUREI AU NOTES TO THE FINANCIAL STATEMENTS - Continued riOR THE YEAR ENDED 31 MARCH 2025 ii. FUNDS- continued Project Exit This fund is for the outreach and money adviee projects specifically for implementing a three month exit strategy at the end of the funding pei'iods to allow for exploi'ation and bidding for oihei. funding streams. The balance at the year end in the fund was £75,000. Relocation Fund The above nd is an amount designated by the Trnstees to investigate the possibility of relocating the local office. The feasibility of purchasing suitable preini5es will be considered with the opportunity of renting surplus office space to other local voluntary organisations, if applicable. The review commenced in 2024125. The Ti'uslees will review the level of reserve in future years based on the viability of this project and the availability of surplus funds. The balance at the year end in the fund was £200,000. Cadent The above fund provides funding for debt advice and energy efficiency advice. The balance at the year end in the fund was £nil. Macfvlillan The above fund is to support cancer patienls and their families who face financial and other issues. The balance at the year end in the fund was £nil. REsfRICTED FUNDS Money advice The above is comprised of funding received from the Money Advice Services Debt Advice Project. Funding is restricted lo face lo face specialist money advice within the lemis of the contrad. The balance at the year end in the fund was £nil. British Gas Enei'gy Trust The above fund is restricted to deliver Fuel Debt and other povety relaled advice within the temis of the ontract. The balance at the year end in the fund was £nil. Uilited Utilities Trust The above fund is restricted to deliver water debt and other povety related issues within the ternis of the contract which ended in September 2022. The balance at the yeai. end in tlie fund was £i)il. Page 16 continued...
PRESTON AND DISTRicf CITIZEI NS ADVICE BUREAU NOTES TO THE fi INANCIAL STATEMENTS - continued IOR THE YEI AR ENDED 31 MARCH 2025 ii. FUNDS- continued LCC Fuel Department The above fund was restricted to deliver fuel voucher schemes and fuel poverty related issues. The balance at the year end in the fund was £nil. Yorkshii'e Building Society The above fund was restricted to deliver generalist advice services based in the Yorkshire Building Society offsce within the lem]s of the conlract. The balance at the year end in the fund was £nil. Page 17
PREI STON AND DISTRICT CITIZII NS ADVICII BUREAU DETAILED STATEMENT or FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 INCOME AND ENDOWMKNTS ChAI'itAble activities Grants 408,140 390.175 Other income Other income 11,507 6,350 TotAI incomiiig i'esources 419,647 396,525 EXPENDETURE ChAritable activities Wages Rates, accommodation & phone Insurance Volunteer travel expenses Computer expenses Postage, stationery & advertising Accountancy Cleaning aiid sundry expenses Depreciation of tangible fixed assets 198,687 18,303 565 8,923 4,258 3,946 2,033 2,520 50 169,917 19,672 566 6,366 7,641 4.323 1,442 100 66 239,285 210.093 Support Costs Management Wages 49.670 42.478 Govei'nAnce costs Subscriptions Other costs Accountancy/ Consultancy 4,256 696 16,990 4,062 518 11,889 21,942 16,469 Total resources expended 310,897 269,040 Net iiicome 108,750 127,485 This page does not form part of the slatulory financial statements Page 18