REGISTERED COMPANY NUMIIER: 4372959 (England and Wales) REGISTERED CHARITY NUMBER: 1094025 Report of the Trustees and Lnaudited Financial Statements For The Year Ended 31 March 202S for Citizens Advic¢ Elmbridge (Wesl) FulleT Spurling Mill House 58 Guildford Sireet Chertse)" Surre KT16 9BE
Citizens Advice Elmbridge Iwesl) Contents of the Financial Statemenls For The l'ear Fnded 31 .March 2025 Page Report nf the Trustees Independent Examiner's Report 10 Statement of Financial Aetivities Balance Sheet l? to 13 Note5 tu the Financial Slatements 14 to 23 Delailed Statemellt of Financial Aclivities 24
CitizeD5 Advice Elmbridge {West) Report of the Trustees For The Year Ended 31 March 2025 'rhe trustees who are also dir¢¢tors of the charity for the purposes of the Companies Act 2006. present their report with the financial statements of the charily for the year endvd J l March 202). The knistees have adopted the provisions of Accountiiig and Reporting by Charities". Statelnenl ot- Recommended Practice applicablL to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FR% 102) (¢ffi¢tive l Januari, 2019). OB.TECTIVES AND ACTIVITIES Objectives and xctii'ities CAEW is a publiL benefit entity whose objective is to prolde services to members of the public as set out b¥low, and docs not operate to provide a lin(Cial return to its members. 'l-he objects of the charity are &5 set out in the Imemordndum and Articles of Associaiion. Its serviccs arc consistent '1th tlie twin aims of C,itizens Advicc narnely. 10 provide the adi.'ice people need for the problems they facc" and to iinprove the policies and praclices that affect people's lii'es" Its services ar¢ also consistent with the four slated Principles of Citizens Advice namely. Free: IndependenL Impartial and Confidential" Its objectives are clearly laid out in irs MemLirandum and Articlcs ot Associaiion- cAE1'S objects are 'to promote any charitable purpose foT the benefiL but not limited to. the conununiti, of Walton. Wei,bridge & Hersham and s0vndjno areas ('the area of benefit,) bN the advancement of education, the protection and preservation of health, and the Telief of poveth. sickness and di5tress'. ThL key power it exercise.% in ttirtheranLC of the Objects is "to Lstablish Cili/_ens AdviLe Elmbridge (Wcst) as a ceIitre to pr()vide a IrLe, Confidenti11 and impartial service of advice: trdÉning and inforniation for the public and for the impleimentation thereof." Having been in operation since 1947 providino free, independeni: impartial, and confidential advice to the citizens of West Elmbridge and surroundino areas. the directors are satisfied that CAEII.-' fully complies '1th the guidance on public benefit supplied by the Charity Commission. This i5 amplv demonstrated b}1 rhe CAEW Grant Agreemcni M,hich it produces every two vears in conjunction with ils ptiT]ciple thndcr ElmbridgTC Borough Council. A key requirL'rnLnt ol the Grant Agreement is thc Production of an annual Business Plan. Whilst its primary purpose is to create a process b} which CAEW'S Trustee Board can monitor progress tow'ards achieving the Business Plan, the plan also serves as a set of internal targets and outputs for staff and volunteers. In this way inclusiveness and collective responsibililv about CAEW'S key priorities call be engendered Icadino to improvements in seTh'ice delivery. Page I
Citizens Advice Elmbridge (West) Report of the Truslees For Th¢ Year Endcd 31 March 2025 ACHIEVF,MENT AND PERFORMAfiCE Charitable activities I"he Lliarity deliv.ers ils ¥ervice5 from the Elmbrid£e C.omTnunity Hub at 72 Iligh Street, Waltoll on Thames and al outreach centres in the areas it serves. The main areas of charitable activity is the provision of advice and infomiation services to the communities ot WaltorL Weybridge and Hersham and surroundino areas The charitsble activities are described in mOTe delail below with their achievements and perfomiance.. Advice and Information servt¢¢s Thc Charitv provides free. confidential and impartial advicc and inforniation serviccs within the coininuiiities of Walion: Weybrid. (Tre and I lersham and Surrounding areas regardle%5 c)f age, gender. sexudlity. disabilit!: race or religion. Th¢ .SL'Thices are delivered il'iihin the aims aiid principlcs of ihc National Association of Citizens Adl'ice by both voluntter5 and paid staff to-. Provide the adi'ice people need for the problenis the!. face and Improve the polici¢s and praciices that affect people's lii.es These services ¢oveT a lare range of subjects includin¥= debt & Tnonev advice: employment, consumer matters and welfare benefits. housin(T and homelessness, le4)al sNsiem. immTgralion and nationality, relationship and separation matteTS and human rights. Ive ofter specialist adfvice in H.'elfare. mone),. housinu and en]plo!qnent issues. Services are delivered by drop-in. appointments: telephone, email: and by ivebfornl referrals. Both local and national web.gites provftde inforn]ation and advice and ways of accessing Ihe services. Core fundinu lor the advice services are provided by Elmbridge Borou Council. %ervice ts delivered by a team of Iraincd volunteers and 3 specialist case ii"orkers. We have one tnember of staly who piovide5 athninistrative support and an advice scssion supervisor, who are both managed and supported by Head of Advice Services. 'l-hc overall uperatiollal service is the responsibility of the Chief Executii'e. In the J"'ear under Tei'-ieii'" substantial volunleer hours were donated through our network of volunteers. Outreach services: An outreach drop-in Session is offered as part of the Charity's Core service at various communily location5 in Elmbrid(re West. This service is delivered bv volunteers and sraff. The Charity is n]ost grateful lo Elmbridge BorouJ) Council for its Lontinued support and grant aided lldIng, the continnCe of which post 3 I March 2026 is under discussion. Welfare Reform - Debt and Mone) Advice The Charity received fLLndints fTom Elmbridge Borough Council: Sutrey County Council and Walton Charilv lo provide specialist debt & benefit advice services lo its Llients affected by w'ellarc reform. This has enabled us to provide mo 8Lrvices across a greater rLaLh of clients. Specialist Older People's Welfare Advisory service to residents 0( Wei'bridge We rLccive knding from Elmbridee Borough Council lo deliver an Older People's Welfare Advi50rv service to older Tesidents of Weybrtdge. This s¢rvice is delii'ered bj. an eTnploy"ed meniber of staff from leybrIdge Ccntre for the CommiInity and by home visiLq for a total of 10 hours per wrek. We a grateful io Elmbrtdgc Borough Council tor funding this much needed service in an area wilh an increasing older population. Research and Campaigns The Charity has been active in developing ils Social policy work in line with Citizens Advice standards. The Head of Advice Services is responsible for this area of work which includes:_ i) Advisers discussing matter5 olsocial policv in interviews with clients, supplvino Best EvidLnL¢ forms to Citizens AdvicL. ChanLTes have been madc naiionally 10 increase qudlity of best evidence forms that are far more COTnprehensive in quality and detail, therefore the requirements changed io a mininium of one per LCA per month. Sltpplying articles to local newspapers iii) Liaising with local MPS Page 2
Citizens AdTr'ice Elmbridge (West) Report of ihe Trustees For Thc Year End 31 March 2025 iv) Repiescnlation on local torums bv various members of staff: includiTJU membership of North Surrev CA social policy cluster group. F.Imbridge Older People's Advi50ry" Body. Elmbridge Homelcssne55 Forn- Gold Cost of l.ivillg' Sicering Group and the Elmbridge Partner.8hip ofsupport agencies. Domesti¢ Abuse Service As noted in last year's accounts the domestic abuse activity was transferred to a totally separate charity North Surrey Domestic Abuse Service with effect from l April 2024. The transfer of this acrivlty has had a maleTial impact on the comparable level of activit), as the accounts reveal together wilh a material impact on the balance sheet ThL Trustee Board ivould like to take this opportunitv to thank all our funders. our staff and all our volunteers for the service and commitment they . ive to the Charil), dnd the communilv they serve. without whose support wc wollld not be able lo providL the beneficial service5. Training Al I Ihe volunteers and staff receive comprehensive training when .joining the CA service and have reglilar on-going Irainin(T and developnient opportuntties to increase iheir know.'ledge and areas of expertise. Slaff and volunteers also havc personal dcvelopmeni plans ihat are reviewcd annuallK' throUh the appraisal proce.88_ F.ach year we conduLt a training needs anal)'sis and from our findTngs create lh¢ !.'earl J traininu plan. We use a iiorkforce developjnent plan to assess our service needs in the future and what training provision is required to ensure we have the adequate skills and experrise. Values Th¢ Chariti. endeavours to secure funding for both its core service and the development of specialist services as appropridte to Eneet the needs of the local community and upholds the principle of partnership working and development. I'he Lharitv employ5 its stafl and recruits volunteers to dcliveT its corc and Specialist services th'ith lull regard to equalities & divcrsity. It also has a Dignitv at Ivork Polic>"" It endcai'ours to improve accc55 to its services for all groups and to Tnake its service appropriate to the indildual. FINA_NCIAL REVIEW Financial position Income and Net Surplus for the year rollowing our charity demergcr from NSDAS on l April, total income has reduced to £481,399 (£1,180 ?60 -2024). CAEIII "onl} income has remained at Similar levels £481.769 for 2024 £370 less. The loss of income £698.491 relates to NSDAS income for 2024. Shared costs recovered from NA SDAS for 2025 totalled £48,990 and was oiTset against support costs. The net deficit for the year was £47,215 (£116:024 surplus - ?024). The Trustees have committed il deficit budgFet for 2025 (£58,881) and upcoming 2026 (£)7,847) io support the charitN' Ihrough transition of the deniergcr. This leaves £410,700 in total reserve carried fonyard at 31 st March 2025. of which £1.6J5 (£182,852 - 2024} remains as restricted re5erve.8. Principal Funding.8ourccs Core SLfviLe - thL Citizens Advice and Inforn]ation Service - Core funding of £ 111.210 {£111,210 2024) was bv way of an annual grant und¢r the terms of a Iwn-year Service Level Agreement with ElmbridLTre Borough Council. Further tundiiig M'as generated from various other local funders namell, Elmbridge Borough Council, SueY County Council, PA Housing, Walton Charitv, National Citizens Advice, The Lortery, Postcode Society, Community, Foundation for Surrey, The Masonic Foundation, 1veybride Lands Charitv and the Trussell Trust to deliver additional related service5. North Surrey Domestic Abuse Service (NSDAS) - in the prior year 2024. NSDAS received £698,491 in grant and contract inLorne durinn IhL yL<ir from a numbLI of sourccs lo deliver a dumestic abiise oulreach sLrvice acT055 N"orth Surrey. Furtlier funding was received from Lloyds Bank foundalion. Henry, Smith, Elmbridge Borough Council, Spclthorne Council. Epsom & Ewell Borough Council, Community Foundaiion for SUeY and the Walton Charity. Otlier Income We would like to thank OUT local community who continue to SUPPOrt us through donations and support for hardship funds. These include Groundworks. The Charities Trust, Walsingham Care Home, Iveybridge Waitr05e and Coop Community Fund. Page 3
Citizen5 Adiice Elmbridge (West) Report of the Trustees For The Year Ended 31 March 2025 Fif*ANCIAI, REVIEW Reserves policy The r¢serN'es policy is reviei%'ed and adjusted where necessaTr on an annual basis. RLserves are required to provide sufficient funds for cash flow purpose.% and future uncertainties. Our core tunding is provided by public sector bodies and the long tern) future of these funding streams at existing levels is uncertain. Non public sector fi]nding sources are short term (1-3 years), which also places psSUre on fvndino continuilv, and therefore potential pressure on reserves. There is also the need lo make provision for slatulory. contracrual or other liabilities includino anv deficit in the pension fund. In addilion, certain unrestricted designated reserves can be required for specific projects and activities that spaii two or more financial J'ears. These funds are sci £ide al the discretion of the Board and mav bL returned to gcneral reserves whLn a project is completed. There is also a necd tu hold in rescrvL" funds for 'hIc]) IhL donor specifiL"d a speLific purpose, these are cli15sified as restricicd funds and Jnay be repayable should the funds not be spent. Rcstricted reserves - At the balance sheet date total restricted Teserve5 are £1.635 {2024= £182,852). As a result of the transfer of the domestic abuse activity, together with the obligations under the respective contracts: the previous restricted reserve of £181,217 for this activity has been transferred to 4Teneral resen'es. Unrestricted reserves general fuod - This comptises a eeneral reserve of £409,065 which provide5 a fid against untoreseen eTrentUdlities includin2 the pe.nsion fund liabilit! of £1,604. The Trusiees considLr that the reserves whilst adequate are not excessive for the charity. in the IToht of the reorganisation of local authorities across Surrey and in the future need to be increased to allow for the expansion of activities. S'I'RIJCTURE, GOVERNANCE AND MAIYACEMENI T Cvoverning document The eharity is controlled bv its ooverninu documenL a deed of trnst. and constitutes a limited company, limited by guaraniee, as defined by the Cotnpanies A¢t ?006. Citizens Advice Elmbridge (West) referrcd hereafter as 'CAF.W' is a private company IiTllited bv gluaranree. 11 w'¢ incorporated as a company IiTnited bj guaraT)tee on 13th FebrLWJ 2002: COTnpany number 4372959: and registered as a chariry with the Charity Commission on ird October 2002, number 10940?5. The compan}. was established under a Memorandum of Association which established the objects and powers of the charity and is governed undcr its Articles of Association. In the event ol" the company being wound up.. members aTe TequiTed to contTibute amount not exLeeding £ l.
Citizens Advice Elmbridge (West) Report of the Trustee5 For The Year Ended 31 March 202$ STRUCTURE, GOVERNANCE AND MANAGEMENT Direclors I'he directors, who are also the trusievs of the charity for the Plwposes ol- charitv la., and who served durino tlie year and up lo tlie date ot. this report are set out on page 9. Appointment of trustees, induction and training The Articles of Association provide that th¢ number of directors shall not be more than fjfteen and not less than three. Trustees are elected for a three vear terni and rctirc in rotaTiOn. The Trustee Board consists of.. elected trustees, nornially resident in the area of CAEW'S borouJ of Elmbridge, elected at an Annual G#neral Meeting. co-opted trustees appointed by the trnstee board provided the total nuInber of co-opted trustees does not cxceed oiie tliird of Ihe IrustLe b()ard We actively encourage attendance al the Tnjstee Board meetings by key lundeTS. such as Eltnbridge Borough Council, &% M'ell as key members ofstaff and volunteer5. Thc Trustee Board seeks to cnsure that the communitv served bi, the chariiy is appropriatel), reflected througli thc divcr8ily otr the Trustee body. Trustces recruited Ihrou2h advertLSing Tria its M'ebsite, Redch, Voluntary Action Elmbridoe other recruitment organisations: as well as trom Tnembers of the public who express an intcrcst. h'ew truslces aTe provided with an Induction Pack containing thc Mernorandum and Articles of Association together with tlie most recent Accounts and Annual Report. This is follow.'ed up with an induction meeting with rclcvanl members of the Management Team and the Chair of the Trustee Board. This provides an opportunity to learn ninre aboul the work of CAEW. focus on Cllent Board priorities and to &s.%ess individual training needs. Organisatio I'hc ChiltI, operates from premises Icased from Elmbtidge Borough Council, and frum Viifiou5 outreach centres in its area of operation. A Trustce Board, comprising directors of the charity has been establT5hed to monitor flnancial policies. strategies and procedures and to take certain decisions in accordance N*ith the delegated po.erS. The Trustee Board meets, as a minimum. four times a vear to determine overall policy and overview the fvrtherance of the charity's objects with additional meetings as requtied. The Trustee Board works within the guidelines of the Code of Conduct published by Cilizens Advice. li incorporates Ihe Nolan prilloiples of standards in public life which aims io ensure that all trustees observe ihe highesl standards of PTopriety w)d acts in thL bcsl inlcrests of the Citizeng AdviLe service at all tivnes. SVSteRn of deleoation is in pl¢ice and ddv ro day responsibilit) for Ihe PTovision of services resis with Ihe Chief Exccutive and in her absence M'ith the Service Managers. The Chiel. Exccutivc is responsible for ensuring that the charity dL.liv¢r5 the services specified and that key perforniancc indicators are Ellet. The Chief ExLCUtIVL is entitled to attend '] riisle¢ Bo(Ird Meetillgys and is responsible for reporting lo the Board on the performance of the charilw and on strategic opportunities that may arise to dcwelop the services of the charits,. The Service Manaocrs, who report to the Chief Executive. have re.4pon.sibility for the dav ro dav service deliTrery and individual supervision of their team of staff aDd volunteers. The Chief Executive and Head of Advice Services atlend Trustee Board Meetings along wilh 2 volunteer advisers- none of whom have voting rights. Page 5
Citizens Advice Elmbridge IWe5t) Report ol the Trustees For The Year Ended 31 .March 2025 STRUCTURE. GOVERNANCE AND MANAC.EMFNT Related parties .hout die Unit¢d CAEIV is a member of Citizens Advice, the national association for (he. Citizen5 Advice service throu(J Kingdon]. Membership of the national association requires the charitable companv to adher¢ to rigorous standards in respect of (fovernance, organisational PTaclices and qualiN of advice. The Ciiizens Advice .Membership Scheme requires member organisalions to maintain perfomance standards ihrou(ph a protsramme called the 'Performance Quality Franiem'oi-k, and 'l.ead¢rship £elf-Assessment'. Mcmbers undergo an annual review of standards and an on-site in.spcetion, conditions P¢Tmilting.. evLry Ihree years by Citizens Advicc. At a local level the chariiy is guided by local policies and strate.(wies and is an active member of manj local forums, Elmbridge Older People's Advisory Board, DWP Liaison meeungs, Elmbridge Equalities & Diversity Forum, Crown Prosecution Involvement Panel. Health Intervention Straiegry. Panel and Homelessne55 Forum. Representation on these group5 lias proiicd invaluabl¢ to the charity tn establishints iniprobcd link-s within the cnwJimLLniry and identifying policy developments and funding opportunities. We tneet w'ith our partn¢rs within the Ial authoritv and other agencies to contiiiue to develop good w.orking practices and services. Page 6
CitiLeiis Advice Elmbridge (West) Report of the Trusteos For The Year End¢d 31 March 2024 STRUCTURE, GOVERNANCE ANI D MANAGEMENT Risk management The directors have revleii'ed their PTo¢¢dures in the li?hi of Corporate novernaDLe guidance contained within the Siatement of Recommended Practice 'Accountill(7 and Reporting by Charities,. A risk assessment report is contained w'ithin the business plan and anticipates potential changes to the environment in which CAEW is working and highliohis how these would impacr on lis services. In addition the Trustee Board reviews the current risk assessment at each board meeting. CAEW faces a range of operational risks and the key to succ¢sstul risk managcment is to identify potential risks, the likelihood ot them ()ccurring and then obviate theiT impact. The Risk Assessment is a forn]al statement ot CAEW'S risk mana£Fement .str(Itegy and hoiv the impact of potential risks can bc minirnisLd. Identifying the risks is an important elemeni of risk management and has been given detailed and careful consideration. ATeas which have been covered ITh this process include= activities and services undertaken by the organisalion oiir objectiv¢s tariyets and outputs required by fi]nder5 and other5 the operatlllgT Structure exTernal factors (statutorv obligations, relationships with funders) comparisons ith o(her Local Citizens Advice and comparnble organisations p[ perfomiance and previous risks encountered. In addition, CAEW face some uncertainty over continuing funding from Elrnbiidtre Borouoh Council after 31 March 2026 due to Local GovernmeT]t Review (devolution) in Surrev as announced The Government at the end of 2024. CAEW'S objectives, ils inrernal organi5ation and the enwironment in ,hiCh it operates are conrinually evolving and as a result, the risks it faces are not con51ant. Oruanisational success derives in par¢ from successful risk taking and so rhe purpose of inlcmal conirol is to help manage and iontrol risk appropriatel rather than to eliminate it. The following measures ivill help minimise the risks inherent in an) large and diverse voluntaThi seclor organisaiion which relies on a diverse Tange of fLLnding to meet all its commitments= 'rhe Trustee Board Tecognises ils role as the ultimare authority w ith regard to the govemance of the organisation. The management team and slaty recognise that they opeTate iYTth delL¥3ted auihority- EITective appraisals of the Chief Eiecutive and Managemenl Tcam. Inlernal management and supervisory controls h1¢h minimise risk of failing to deliver on ¢xistin(F agrL¢mLnls and contracts. Stciff awareness of sources of funding and the consequences arising from anv failure to deliver scrvices in line with grant agreements and contract5_ The effective u.se ot probationary periods, jobholder perfortnance i¢views, staff supervision: and HR policie5 10 promprly identity and deal with issues of concern. ReLTular case sheet Lhecking, Independent File Reviews. and training to ensure quality. Regular review and analysis of statistlC5 to ensurc targets are met. Maintain good relationships with funders to identifv potential future fidin0 opportunities. Ensure adequate financial Teserves. l O. RegFiilai' financial Tnuniloring against annual budoet. I l. (ivod Lotnmunicalion between volunt¢er5, 5tdff. thL Mana£ement Team and the Trnstee Board. l ? Maintaining independence and political llgutralil) lo avoid conflicts of interests. grant problems and potential ndIng Page 7
Citizens Advice Elllybridge (West) Report of the Trustees For The Year Ended 31 Marth 2025 STRUCTUKE. GOVERNANCE AND MANAGF.TrIF.NT Procedures are in place 10 ensure compliancc with Hcalth and Safety legislation Covering staft, volunteer5. clients and other visitors. Compliance ii'ith CiliLen5 Advice National Membership Scheime ensures a consistent qualitv ol- delivery. foT all operational aspects of the charilw. The Charitv has Safeguardiiig policies and procedures covering children and vulnerable adults. All policies are reviewed reoularls. The Trustee Board oversee the tnforniaiion securlry of all personal infomiation of our clients, staff: fundLrs and stratetsi¢ partners that is processed. It holds joint responsibility, for client dats that is held in our case management s)'sleffl, w'ith the national Citizens Advice S¢rvic¢. An infortnalion sura5]cL manaoLmLnt team exists lo ensure the confidentiality. integTity'- and iivailability Ot ¢ill personal and sen51tive data is maintained to a Icvel whiLh is compliant wilh the requirements (he General Data Protection Regulation and Data Protection Aci 2018. Statement of dir¢¢tors' responsibilities Th¥ Directors (who are also tslee5 of CAEW for the purposes of charily la) are responsible for preparing the DircctDr.s' Rcport and thc financial statcincnts in accordance wilh applicablc law and United Kingdom Accounting Standar(Ls (Unilcd Kingdom Generally Accepting Accounlino Practice). Company law requires the directors to prepare fanCIal statements for each financial year 'hICh give a true and fair view of the state of affairs ot the charitable company and of the incoming resources and application of resources, including income and expenditllre, of the charitable companj for that perlod. In preparing these flljancial statements, the d[[eLto are required to- Select suitable accountin
policies and then applv them consistentl)'- - Observe the methods and principles in the Charities SORP" (Fements and estimates that are reasonable and prudeni: - Make jud. State whether applicable LIK Accounting Standards have been followe(L subject to an), material departure disclosed and explained in the financial statements. and Prepare the %lalcIncnls on the going conccrn basis unless il As inappropriate to presume that the charilable company will continue in business. In so far as the directors are aivare: there is no relevant inforniation of which the charitable. companj's independent exarniner is Unaare. and the directors have taken all steps that th¢y ought to have taken to make themselves aivare of anv relevant independeni examtnation intorniation and lo esLablish that the independent examiner are aware of that information. Page 8
Citizens Advice Elmbridge (West) Report of the Trustees For The Year Ended 31 March 2025 REFF.RF,NCE AND ADMINISTRATIVF. DETAILS Registered Company number 437295() (Fngland and Wales) Registered Charili. number 109J025 Re¥istered office Elmbridge Community Hub The Old Scliool House 72 High StrLet Wlllton on Thames KT12 IBU Trustees TMGale T W Butler D Elulls D J Walker-smith N Pil¢lia¢aren A FILrriTnan (re.%i.(Tn¥d 30.1.25) D Hellderson R Kosliani F LUC7 S R Nllilliams T Sryant (appointed 3.7.24} Cllr K [e.enS CllrN Dodds Honorars. member HonoraTV rneniber In addition, some senior management and 2 volunteers attend Board Meetings as contributing i)bs¢rvcrs. 8enitsr Management Team M1( rgaret Bourne Julia Gray Chief Executive Head of Advice Services Company Secretary rMGale Independent Examiner Susan Keane Fuller Spurling Mill House 58 Guildtord Street Chertsey Surrey KT16 9BF Principal Bankers CAF Bank 25 Killg?s Hill West Malling Kcnt ME19 4"1"A Finaneial Conduet Authoritv Number: FRN617782 Approved by order of t oard of trustees on fNLI. - and signed on its behalf by.. T M Gale- Trustee Page 9
Independ¢nt F.xaminer's Report to the Trustees of CitiLens Advice Elmbridge (West) nd¢pend¢Dt examiner's report to the trustccs of Ciliz¢n$ Advi¢e Elmbridge (West) {'the Company,) I report to the charity trustees on my examination of the accounts of th¢ Companv for thc year ended J l Marcl) 2025. Responsibilities and basi$ 4)f report As the charity's trustees of the Company (and als() its directors for the purposes of companv laiv) you are responsible for the preparation of the accouTLt5 in accoTdaDce with the requirements of the Cofflpanies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not required io be audited under Part 16 of the 2006 Aci and are eligible for independent exaTnination. I report in resp¢ct of my examination of }wour charity's accounts ds carried out under Section 145 of the Charities Act 2011 ('the ?0 I l Act,). In carrving out my examination I have fullowcd th Dtrtctions given bv the Charity Comvnission under Section 145(i) (b) of the 2011 Act. Independent examiner'5 Statement Since your charity's gross inCOTne exLcedLd L?50,000 your examiner must be a member of a listed body. I C<in Lonfirn] that l aTn qualified to undcrtakL the examination because l atn a (nembeT of the Inslituie ot Chartered Accouniants in F,ngland and Wales, which is one of the listed bodies. I hav¥ complLtLd mi. examination. I Conf that no matters have come to my attention in connection with the exam ination givinu Tn¢ cau5C to bclicvc- accoLmting records were not kept in respect of the Company as required by SeL*ion 386 of the 2006 Act; or the accounts do not accord wilh those records- or the accounts do not compl). with the accounting requirements of Section J96 of the 2006 Act other than any requirement that the accounts gil'e a true and fair view which is not a niatter Considered as parl of an independent examination- or the accounts hawe not been prepared in accordance H.-ith the methods and principles of the 8tsiement of Recornniended Pra¢lice for accoLmling and reporting by charities (applicabl¢ to charities prcparing their accounts in accordance with the l--inancial Reportints Sthndard applicable in the UK and Republic of Ireland (FRS 102)). I have no coneerns and have come acr055 TJO Other Tnatters in connection ivith the. examination to which attention should be drawn in Iliis report in order to enable 4 proper ulldLrstandin¥ ot.the accounts to be reached. Susan Keane Fuller Spurling Mill House 58 Guildford Street Chertsey Surrey K"1'16 9BE Date.. Pag¢ 10
Citizens Advice Elmbridge (West) Slatement of Financial ActiTritie5 For The Year Ended 31 March 2025 31.3.24 Tolal filnds Unrestricted fund Restricted fund Total funds Notes INCOME AND F.NDOWMF.NTS FROM Donaiions and legacies lJl.178 331,989 463.167 1,161,409 Bank intere.st 18.23? 18.232 Total 149410 3)1989 481399 1 180 260 EXPETr4DITURE O.N Charitablc activities Charitable activities Support costs 19i.235 3.390 iJ1,989 525,224 I.OCi4,236 Total 196625 331989 528614 1.064,236 INFT INCOMEI(EXPENDITURE) Transfers between funds {47,215) 181217 (47,215) 116.024 14 181 ?17 Net moi'ement in funds 134,002 (181,217) (47,215) 116,024 RECONC.ILIATION OF FUNDS Total funds broLsght fonvard 275.06) 182,852 4i7,91.5 341,891 TOTAL FUIYDS CARRIED FORWARD 409 065 410 700 457915 The notes fomi part of thes¢ financial statements Page 11
Citizens Advice F.Imbridge (We8t) B212nee Sheet 31 Marrh 2025 31.i.25 Total funds Unrestricted fund Restricted fund l-()tal fuiids Notes FIXED ASSF.TS Tangible usscts io 552 552 1,689 CIIRRENT ASSETS Dcblors Casli at bank d in hand 46.849 5J7 fj48 46,849 543 176 68,C?09 984 569 584.397 590.025 1,053,178 CREDITORS Amounts falling due within one year 12 (173.728) (4.545) (17827J) (596,367) NET CURRENT ASSF.TS 410.669 411,752 456.811 TOTAL ASSETS LESS CURRENT LIABILITIES 410,669 412,304 458,500 PROVISIONS FOR LIABILITIES 13 (1,604) (1,604) {_fjs.fj) ET ASSETS 409 065 410700 4)7915 FUTr*'DS Unrestricled fund5 Rknstricied funds 14 409,06) 275.063 182.8.f 2 TOTAL FUNDS 410 700 457 915 The Charitable companv is entitled to exemption from audit under Section 477 of the Companies Act 2006 for Ihc )'car ended 31 March 2025. The members have not required the compan). to obtain an audit of its financial statements for the year ended 31 March 20?5 in accordance w'ith Section 476 ot the Companies Act 2006. The trnslees acknoi4,ledge their responsibilities for (a) ensuring that the charitable compan. keeps accounting records that comply with Sections J 86 and 387 of the Companies Act 2006 and preparing flnancial statements i%hich gil'e a true and fair view of the State of affairs of the charitable cornpany as at the end of each financial vear and ot- its surplus or deficit for each financial year in accordance witli the requiremLnts ot" Sections 394 and 395 and M,hich other¥vise compl}, with ihe requirements of the Companies Act 2006 relating io financial statements. so far as applicable to the chariiable coinpanv. (b) The notes forni part of th¢8e financial stat¢ments Page 12 continued...
Citizens Adi ice Elmbridge {We5t) Balance .Sheel - continued 31 Mareh 2025 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. InanLial slalem¢nts were approved by thL Board of Trustees and authorised for issue on . and were signed on its behalf bv: (MLJ .1" M Gale - Trnstee The T]Otes fomi part of these financial statements Paoe 13
Citizen5 Advice Elmbridge (West) Yotes to the Financial Statements For The Year Elld¢d 31 March 2025 ACCOUNTING POLICJES Basi5 of preparing Éhc financial slalements The financial slateinents olthe charitable compan. whic.h is a public benefit entity under FRS 102, h1¢ ve been prepared in a¢cordance with the Charities SORP {FRS 102) 'Accounting and ReportinD by Charities: Statenient of Ricommcnded Practice applicable to charities preparing their dccounts in accordance iviih th¢ Financial Rcportinb Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January, 2019}', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Repiiblic of Ircland, and the Companies Aa 2006. The financial statements have been prepared under the historical cost convention. Income 1.2 Incoming resources All incoming resources are reco.(mised in the StateDTrent of Fillancial Activities once the charity 15 leually entitled to the income after any perforniance conditions ha'e been met, the amounl can be measured reliablv and it is probable that the income will be received. No <imount is included in the financial statements for volunteer time in line with the SORP (FRS 102). Voluntary income bv ivav of grants. donation.8 and oifts is included in full in the Statement of Financial Activities when receivable and w,hen the amounts are known with certainty, and are measurable. Incomino resources from grdnts. where related to perforniance and specific deli*'erables, are accowrted for as the cliaritable cornpanv earns the ritsht lo consideration bi. its perforniaT]Le. Where income is received in advance of perforniance it is treated as defeffed income and included within creditors. 1.3 Resources expended All Lxpenditure is accounted for on an accruals basi% and has been classified under headings that aggregate all osts related to the category. Expenditure is recognlsed where there is a legal or con5tn]ctive obligation to inake pal'ments to third parties: it is probablc that the settlement will be ttquired, and the amount of the obligation can be measured reliably. Charitable expenditure ¢omprises those costs incurred by the charitable company in the delivery of its activities and services for its beneficiaries. Governance costs include those costs associated with meetints the consiitulional and statutory requirements of the charitJhlL" coinpany and include Ind¢pLdLnl cxaminer's remuneratTOn Losts link¢d io the strateoic management ofthe charitable company. All costs are allocated between the expenditure Categories of the Siaternent of Financial Activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity comprise both costs that can be allocated directlv lo such activities and Ihose cosls of an indirect nature necessary lo support them. 1.4 Fund accounling Restricted funds Restricted funds represent fantS and donations receii'ed which are subject to restriclions on their expendilu imposed by the donor or through the terms of an appeal. The aim and use of each restricted nd is set out in the notes to the financial statements. Unrestricted funds UnrestriLted funds represent fund5 Ih¢lt aTe expendable al ihe discretion of the Truslees in the furtherance of the Libjecis of the charitable cotnpany. Such funds mav be held in order tv finance both WOTking capital and Ldpital investmeiit. Designated Funds Desiated funds represent part of uv]restri¢l¢d funds that are set aside for a specific deSTgnated purpose as detailed in the notes to the financial slatemenls. Page 14 continued...
Citizens Adi'ice EITubridge (West) NotCS to the FTDancial Statements - eontinued For The Year End 31 March ?025 ACCOUNTING POLICIES- continued Ineome 1.5 Tangible fixed as$ets Tangible fixed assets are stated at ¢ost (or deemed cost) or N'aluation less accumulated depreciation and accumulated iinpairnient losses. Cost includes costs directly attributable to making the asset capable of opcrating as intended. Depreciation is provided on all taT]<yible fixed asse15: at rates calculated to write off the cost, lesb estin)at#d residuc11 value, of each asset on a systemalic basi5 over ils expected useful lifc as follows.. Office equipment 250/0 Straight line Computer equipment ?50/0 Straioht line Assets PLkrchagcd which are under £1.250 are expensed to the Statemenl of Financial Activities. 1.6 Debtors and creditors receii'able / pavable within one vear Debtors and creditors wilh no stated mterest rate and receivable or paydble within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. 1.7 Recognition of liabilities Liabilities are reColSed when an obligation arises to transfer cconomic benefjts as a result of past transaclions or ei'ents. 1.8 Emplo)'ee benefits When eTnployLtiS have rcndcred service to the charity. shon-term eMpIo.ee benefits to which the employees are entitled are recogniscd al Ihc undiscount¢d amount ¢¥pecE¢d to be paid for that sep*'iCe. The charitv operates a defmed contribution plan lor th¥ benefit of its employees. Contributions are expensed as they become pavable. 1.9 VAT VA T is not recoverable by the charitable company. Irrec0erable VAT is included within the relevant costs in the Statement of Financial Activities. 1.10 Tax The chariry is an exempt charity within Ihe TtieaT]in¢F of schedule 3 of the Charities Aci 201 l and is considered io pass the tests set out in Paragyraph I Schedule 6 Finance Act 2010 4wd therLfore it meets the definition of a charitsble company for UK corporation tax purposes. l. I l Going concern The financial statements have been prepared on a going concern basis as the trustees believe that no material unccrtainii¢s c.xist. The iruslees have Considered the level of fund5 held and ihe expeLlcd Icvel of income and expenditure for 12 months from authorisino these financial statements. The budgeted income and expenditure 15 sufficient with the level ot-reserves for the charitv to be able to continue as a uoing cvncern. Expenditure Liabi lities are recognised as expenditure as soon as there is a legal or constructive obligation ¢omrnitting the charity to that e%penditllre, il is pmbable Ihal a Iransfer of economic benefits will be required in settlemeiit and thc amount of thL oblioation can be measured reliablv. Expenditure is accounted for on an accruals basis and has bccn classitied under headings that a_4¢Frei)ate all cost related to thL CdtLgory. Where costs cannot be directlv attribllted to particular heading5 they have allocatLd io aciivities on a basis consistent with the use of resources. Taxation I"he charity is exempt from corpordtion tax on its charitable activities. Page 15 continued...
Citizen5 Advice Elmbridge (West) Note5 to thc Financial Statefflents- continued For The Year Ended 31 March 2025 ACCOUNTING POLICIES- continued Fund accounting Unrestricted fiLnds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds only be used for particular restricied 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 pUOSe of each fijnd is included in ihe notes to the financial statements. DONATIONS AND LEGACIES 31.3.25 Donations Grants 1,268 461899 6,155 1.155 254 46_3 167 1.161.409 RALYTS: Restricted 20?5 20?4 Domestic Abuse Service Youth Citizens Advice Flousehold Support FLmd Debt &. Benefit Casework Service The l.otEery- COI. (irant Trainer Project Il. Comms Project Advice Line Sessions Supervisor Health GP Outreach Community Olltreach Old People Welfare Advisory SeTvice Core Strate(Fic Grant Delegated Fund Irom Walton Chari DelLSLTralLd fund from Ih'ej'bridge Charity WalsinJo am Carc Hardshlp 698,491 81,944 43.432 63,500 66,73. 49.1611 4.691 13,368 5,000 6.461 18,000 8,)60 11,798 10,000 49,921 18.000 8,660 5.000 2,327 540 350 2,507 1,670 ?50 331,989 1,020,144 Unrestricted F.ITnbrdgL Boroiioh Council Core Grant Flmbridge Borough Council COL Grani 111,210 18.700 111,210 461899 1 15)?54 Page 16 continued...
Cilizens Advice Elmbridge (West) Notes to the Finallcial StateThellts- contlDued For The Year Ended 31 March 2025 BANK INTEREST il.3.25 31.3.24 Bank" interest 18.8.f I CHARIT ABLE ACTIVITJF.S COSTS Direct Costs (see note 5) Support costs Totals Charitable activities Support costs 358,686 166.538 i.390 5?5 ?24 3,390 J58,686 169,928 f 28,614 DIRECT COSTS OF CIIARITABLE ACTIVITIES Expenditurc on charitable activi¢ics Direct C05t5 Support Costs 2024 Total Total Advice ivork GuvLmance J58.686 163,717 6.211 5?9,403 6,211 1.058.066 6.170 169.9?8 5?8.614 1064.2J6 Analysis of expenditure on charilablc aetivities Direet Costs Support Costs 2025 Total 2024 Total Staff costi Volunteer ¢osL4 IT costs Service delivery cosls ShdrLd dclivLry costs Occupancy Insur4ince Depieciation Audiior's Remuneration Independent Examiner's fLe Oihcr gyovernance costs Pension liabilitv movement Shar¢d cosls reLov¢red 337.981 1.109 126,111 464,092 1,109 15,829 19.596 30.822 821,14? 3,383 15.829 19.596 114,671 32.6511 3).254 1,770 1,138 1,770 I,li8 3.128 6,170 3,)90 i.001 1,604 3,390 20,028 (715) 1.604 48,990) JS8.686 169 929 528.615 Page 17 continlled.-.
Citizens Advice Elmbridge (West) Notes to the Financial .$tateents- continued For The Vear Ended 31 March 2025 NET INCOME/(EXPENDITURE) Net income1(eXnd7ture} is stated after char¥in&'(creditino - Auditors, remuneration Depreciation - owned assets 6.170 ?,331 1,137 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees. remuneration or other benefits for the )'ear ended i l March 20?5 nor for the )'ear ended ) l Marcl) 2024. Trustee5' expenses Expenses tolalling nil (2024- £268) wer¢ rL"imbursed to trustc¢s during the N'ear (2024 - 4 trustees). STAFF CO.STS The average monthly number of ¢mplo)'¢es durin£ th¢ J'car was as follows: 31.3.25 31.3.24 29 Staft"_ Advisorv Stall- Administratton 12 28 No employees received emoluments in excess of £60,000. COMPARATIVLS FOR THE STATEMENT OF FINANCIAL ACTIVITIth:S Llnrestricied fund Restricted tund Total tunds INCOIViE AIYD ENDOWMEIYTS FROM Donations and lenacies 138,892 1,0?2.517 1,161,409 Bank interest 18.851 Total 151472 10?8 788 1 180260 EXPF,NDITURE OI Charitable activities Charitable dclivities 104 713 959.523 1064 236 INET INCOME 46,759 69,265 116,024 RECOIYCILIATION OF FUNDS Total funds brought for¥vard 228.304 113.587 341,891 TOTAL FUNDS CARRIED FORWARD 275 063 182852 457915 Page18 continued...
Citizens Adviee Flmbridge (West) Notes lo the Finaneial .St2tements- cnntrnued For The Year Endcd 31 March 2024 io. TAIYGIBLE FIXED ASSETS Plant and machinery COST At l April 2024 and 31 March 2025 23,889 DEPRECIATION At l April 2024 Charg>e for year 22,200 1,137 At 31 March 2025 23,i37 NET BOOK VALUE At 31 MaTch 20?5 At 31 March 2024 1.689 DEBTORS: AMOUNTS FALLING DiiE WITHIN ONE YEAR 31.3.24 Tradc debtors Other debtors Prcpaj'mcnls and accrued incoTne 35,717 376 10.756 51.166 17,443 46.849 68,609 12. CREDITORS: AMOUNTS FALLING DUE WITHIli ONE YEAR 31.3.24 Tradc creditors Social sccurity and oihcr laxes Accruals and deferred income 1,814 11.394 16i,065 18,?19 578,148 178.?73 -f96.J67 Page 19 continued..
Citizens Advice Elmbridge {West) Notes to the Financial Stalements - eontinued For Tht Year Ended 31 March 202- 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR- continued Deferred Income 2025 2024 Ministry of Ju5tic¢ Surr¢y Count). Council Walion Charity The Lottery Community Foundation for Surrey Thc Henrv Sm itli Charity Wej'bridge Charil OPCC and Surrey police Elmbridge Borough Council National Citizens Advice WalsftnJftam Care Th¢ Masonic Foundation Spelthorne Council Epsom & Ewell Council 186,483 89,8?7 27.404 29.845 13,690 6,234 1,8()3 60,717 34,920 25,8- 48,178 34,493 46.984 ,353 1,404 1,700 19,016 27,417 153 128 53) 905 Of the deferred income of £5i).905 carried forward at Isi April ?024, £366,569 was transferred to North Surrey Domestic Abuse Service Charity on rhe de whcn ihe splii of ihe Chariiies look place. 13. PROVISIONS FOR LIABILITIES PENSION LIABILJTY SCHEME: TPT Retirement Solutions- The Growth Plan The company participates in the scheme: a multi-employer scheme which provides benetits to some 521 non-a5so¢iated participating emploiers. The scheme is a detined benefit scheme in the UK. It is not possi ble for the coinpany to obtain SLEtTicient inforniiltion to enable li to CoUnt for the scheme as a del)ned bencfit scheme. ThLrLforL It Éiccounts for the schL Tllc ds a defined contribution scherne. The schem¢ is subject lo the fvnding leois121ion outlincd in the Pensions Act 2004 which came inlo forc¢ on 30 December 200.5. This: tonether M'ith documents issued by the Pensions Reoulator and Technical Actuarial Standards issued bv the Financial Reporting Council: set our the frameivork for funding detined benefit occupational pension schemes in the b'K. I'he scheme is classified as a 'last-man standTng arrangement,. Therefore the companv is potentially liable for other participating employers, obligaiions if those emplovers are unable to meet their share of the scheme deficit following withdrawal from the scheme. Participating employers are legally required to meet their share of tlie schenie defIcic on an annuity purchase basis on withdrawal from the scheme. A full aCtual valuation for the scheme was Carried out al 30 September 2023. This valuarion showed assets of £514.9m. liabilities of £iJ l.om and a dehcit ot" £16.Im. To eliminate this funding shortfall, the Trustee has asked ihe participating emplovers to pay additional contributions to the scheme as follows= Deficit contributions From l April 2025 to 31 March ?028= £2.100:000 per annum {pavable monthly) Unless a concession has been aoreed with the Trustee the ierni ro 31 March 20?8 applies. Note that the scheme's previous valuation was carried out with an effeciive date of 30 September 2020. This valuation showed assets of £800.3m. liabilities of £831.9m and a deficit of £31.6m. To elirninate this funding shortfall: the Trustee asked the participating employers to pav additional contribulions to the scheme as follows: Deficit contributions From l April 2022 to 31 January 2025: £3.312.000 per annum (payable monthly) Page 20 continued...
Citizens Advice Elmbridge (West) Notes to the Financial Statements- eontinued For Th¢ Year Ended 31 March 2025 13. PROVISIONS FOR LIABILITIES- continued Tlie recover), plan contributions are allocated to each participating employer in line with their estimated share of The Series l and Series ? scheme liabilities. Where the scheme is in deficil and where the companv has agreed to a def)cit funding arrangcment tht compaTTr} recognises a liability for this oblioation. The amount reColSed is the net present value of the deficit reduction ontributions payable under the agreeTnev]I that relates to the deficit. The present value is calculated using thc discount rate detailed in these disclosures. The unw'inding of the discount rate 15 recogTnised as a financc cost. J l March 2025 March 2024 31 March 2023 Prescnt value of provision £1,251 £1,604 £585 RECONCILIAI"ION OTr OPENING AND CLOSING PROVISIONS Period ending J l March 20?5 Period ending 31 March 2024 Provision at the start of the period Univinding ot- the discount factor (interest expense) D¢ticil contribution paid RemLasuremenis - impact of any change in assllmptions Remea%urements - amendmcnls to contribution %chedule 585 15 (596) 10 1,590 1,251 49 Provision at the end of the period Currcnt Liability on Withdrawal for the Scheme The Pen8i()ns Trust ha% cnnfirnied the ¢stiTnaied liabiliti.. for CAEW on iYiihdraw(Il, or in the ewenl this liabililv vcre Iii crystalisc is estimated lo be £9.490 at JO September 2023 compared to £15,056 as at 30 Septen)ber 9022. As indicaltd above, the debi on withdrai%'iil wuuld only L.ryStali5e if CAEW wcrc to withdraw from the (irowth Plan or fail to have at least one active member in the pension scheme. As at the balance sheet date rhere ivere 4 actii'e members of the Plan who ivere employed b), CAEW within Gro11] Plark (Series 4). It follows Therefore Ihai Ihere is no immediate or forthcomijig risk of a dcbt o 'ilhdrawal from the scheme arising. The 5cbeTne is closed to further members and existing slaff are ol'fered a delined Contribution scheme. 14. MOVEMENT IN FUNDS N'et rnovement in fLLnds Transfers between fid$ At 31.3.25 At 1.4.24 L'nre5tricted funds General fund 275.063 {47,215) 181.217 409,065 Restrieted funds Restricted funds 182,852 (181,217) 1,635 TOTAL FUNDS 457.915 47,215) 410,700 Page21 continued...
Citilens Advice Elmbridge (West) riotes to Ihe Fin2ncial Stalements- continued For The Year Ended 31 MaTeh 202q 14. MOVEMENT IN FUNDS - continued Nvl mowcment in funds, included in ihc above are as follows= Incomin resources Resources expended MoTrenient in fui)ds UnrestrieÉed funds GLllLral fund 149,410 (196,625) (47,2 l5) Restricted funds Restricted Funds 3Jl,989 (331,989) TOTAL FLDs 481,i99 528.614) 47,21)) Comparatil'es for movement in funds Net movement in funds At 31.i.24 At 1.4.23 Unrestricted funds General t-ulld 46.759 ?75,063 Restricted funds Re5triLt¥d Funds 113,i87 69,265 182,852 TOTAL FUNDS 341.891 116.024 4.fj7,915 Comparative net movement in funds, included in the above are as folloiTrs.' Incoming resources Resources expended Movement in funds U nre$trieted funds Gencral fund 151,472 (104,713) 46,759 Restricted funds Restricted Fund.$ 1.028.788 {959,523) 69,265 TOTAL FUNDS 180?60 1064 236) I16024 Page 22 continued...
Citizens lee Elmbridge (Wesl) r*otes to the Financial Statements- continued For The Year Ended 31 March 2025 14. MOVEMENT IN FUNDS - continued Restrieted Funds Ralanee l April 2024 Incomijig Resources Expendedl transferred Balallcc 31 March 2025 Resources Domestic Abuse Service Youna cit17.ens Advice Debt &. Benefits Casework Coniinunity. Outreach Trainer Project Advice Line SessTons Supervisor Health GP Outreach OldLr Peoples Welfare Advisory Service IT Coinnis Project Delegated Fund from Walton Charity Strategic Fund - working iogeiher Deleg(tted Fund from Weybridge C.harity' Wa15inJu am Care Client Bankruptcy Costs fund 181 ?17 181,217 113,200 83,200 78,9?5 18,000 37,669 25,599 10.000 49,909 18,000 37,669 25.-fj99 i 0.000 49,909 8.660 11,810 8.660 11,810 664 2,3?7 5.000 2.327 5.000 664 540 540 3iO 971 971 182,852 ))1.989 $13 206 15. RF.LATED PARTY DISCLOSURES There wer¢ no related partv transactions foT the vear ended 31 March ?025. Paoe 2)