REGISTERED COMPANY NUMBER: 06030995
REGISTERED CHARITY NUMBER: 1118855
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
FOR
NEWPORT CAB
MHA
Chartered Accountants and Statutory Auditor
Elfed House
Oak Tree Court
Cardiff Gate Business Park
CARDIFF
CF23 8RS

NEWPORT CAB
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Page
Report of the Trustees
Report of the Independent Auditors
Statsment of Financial Activities
Balance Sheet
10
Cash Flow Ststsment
Notes to the Cash Flow Statement
12
Notes to the Financial Statements
13 to 24

NEWPORT CA8
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
The Iruslees who are also directors of the Charity for the purposes of the Companies Act 2006. present their report with
the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of
Accounting and Reporting by Charities.. Stalement of Recommended Practice applicable to charities preparing iheir
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)
(effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objects
The charity's objects are to promote any charitable purpose for the public benefit of the community by the advancement
of education, the protedion and presetvalion of health and the relief of poverty, sickness and distress in particular, but
without limitation for the benefit of the community in Wales and England.
The service aims:
to provide the advice people need for the problems they fa
to improve the policies and practices that affect people's lives
Public benefit
The organisations trustees can confirm thal they have complied with the duty in Section 17 of the Charilies Act 2011 to
have due regard to public benefit guidance published by the Commission. Significant activities that we undertook during
Ihe year Ihal demonslrate public benefit are set out below.
Significant activities, achievernents and perfomiance
During 2023-24 the organisation achieved the following=
Delivery of conlinued strong perfomiance across all the services of Ihe organisation.
Obtained continuation of fundirig across most aspects of the organisation's service5
Annual income gains for clients of more than £6.5 million.
Debts written off amounted to over £1.5m .
During the year we saw nearty 9,000 clients and provided advice on over 35,000 issues.
ost of Living Crisis
We continue to experien￿ high levels of demand due to the ongoing cost of living crisis. Large numbers of clients need
emergency help with fuel costs, money and food. During the year we secured additional fijnding to provide a ftexible
'POP-UP' Outreach service to provide improved access to clients facing cost of living difficulties.
Summary of main activities of the charity in relation to its objects..
Open Access
The open door Servi￿ is open to the public during part of the week for advice on all subjects_ 2,900 clients were seen
Ihrough the open- doorlcore service, many of which will also have been provided specialist help.
Single Advice Fund (Generalist Service)
This service is funded by the Welsh Govemment to provide generalised advise on all subjects The Servi￿ was delivered
through, open door, telephone and oulreach seNices
In the year 1.697 clients were seen by this service dealing with over 4.000 issues.
Newport Support SeNice - Inforniation, Advice and Assistance {IAA)
The seNice continues to provide advice to help prevent or delay the development of people's need for care and support.
In 2023-24 the project provided service to 872 clients in Ihe year clients and this generated financial gains of £2.1 million.
Aneurin Bevan University Health Board Project
Newport Citizens Advice lead5 this service which provides advice for people in the care of secondary mental health
seNices in Gwent. The advice work involves advice and casework across a range of subjects and is delivered in
partnership with Citizens Advice Caerphilly Blaenau Gwent and Citizens Advice Torfaen. During the year Newport
Citizens Advice helped 440 clients and secured financial gains of over £1.2 million via this service.
Page 1

NEWPORT CAB
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
OBJECTIVES AND ACTIVITIES
Significant activities, achievements and perfomiance
Help to Claim (Universal Credit Support}
This project is funded by the Department for Work and Pensions, contracted through national Citizens Advi￿. The
purpose of the funding was to provide support lo clients wishing to make a claim for Universal Credit with support up to
the first regular payment of Universal Credit. This service is provided by phone and webchal.
Claim What's YourslAdvicelink
This is Welsh Govemmenl funded service intended as a phone seNice to allow people across Wales to check that they
are getting all the benefits and Tax CredÈts to which they may be enlilled. The service also operates as an ovefflow
seNice for the Welsh telephone Advicelink setvice which offers a fuller general advice seNice. In the year 1,992 clients
were setved by this setvice by Newport Citizens Advice stsff.
Core Service Donation Funding - Innovation Grant
This additional funding was provided via Citizens Advice to support delivery of a flexible outreach service across the city
providing 42 pop-up sessions in 30 different venues from 1 sl July 2023 to 31 st March 2024.
Debt Team
Debt advice is funded by Welsh Government through the Single Advi￿ Fund. During 2023-24 our specialist debt
advisers provided services to 654 clients.
Basic Income Pilot
This is a pan Wales pilot initiative funded by the Welsh Govemment to provide on a standard basic income to care
leavers as they leave Local Authority care. The work involves regular contact with participants as they enter the scheme.
throughout the income period and then as they leave at the end of the 12 monlhs. The project has been assisting 33
young care leavers wilh intensive support.
Employment and Discrimtnation Team
Welsh Government through the Single Advice Fund provides fvnding for employment and discrimination advice and
casework to Newport Cilizens advice to support clients from across mid. south and west Wales.
In addition, Welsh Govemment also funds a telephone based advice service lo clienls across Wales which is delivered in
partnership with Citizens Advice Flintshire.
A total of 1,125 clients were provided specialist employment and discriminalion advi￿ and casework during the year.
Families First
The Families First project. funded by Welsh Government via Newport City Council, provides specialisl support and
income maximisation help to families with disabilities. Clients are referred from external organisalions and intemally.
During the year 320 clients were assisted with over £0.8 million of additional income secured for clients.
Wamier WaleslEnergy Advice Project
This projecl is intended to provide a wide range of advice seNices relating to fuel poverty and energy use. This includes
energy efficiency advi￿, budgeting support and income maximisalion. During the year it has helped 474 clients and is
funded by the Moondance Foundation and National Grid.
Single Advice Fund Test and Learn
This Servi￿ was funded by the Welsh Govemment and was established during Covid 19 and aimed to assist clients with
Learning and cognitive issues with income maximisation. This was in wind down at the start of the year and 10 clients
were assisted. Newport was a partner in a project funded across South East Wales.
Perfomiance & Monltoring
Perfomiance moniloring reports are prodU￿d and reported to the Performance Risk and Compliance Committee and to
the Trustee Board on a quarterly basis and to funders as required. board and to relevant funders for each project.
Outcomes are measured against KPIS where specified and performance during 2023124 had been generally very strong.
Volunteers
Volunteers team can make a significant and valued contribution to our seNices, but volunteer involvement has fallen
significantly in recent years. We continue to make volunteering opportunities available.
Fundraising activities
The charity attracts limited donations from members of the public. However, the majorily of fvnding is via grants or
contracts from slatulory and other bodies.
Page 2

NEWPORT CAB
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
OBJECTIVES AND ACTIVITIES
Employment of disabled persons
The charity is an equal opportunities employer and encourages applications from all members of the community. The
charsty follows the policies and principles of Citizens Advice. the nationwide umbrella organisation for all local Citizens
Advice organisations in the England and Wales.
FINANCIAL REVIEW
Principal funding sources
The principal funding sources of the charity..
Newport City Council
Welsh Govemment via Citizens Advice
Aneurin Bevan University Health Board
DWP Ihrough National Cilizens Advi
BFitish Gas Energy Trust. through Citizens Advice Cymru
Moondance Foundation via Citizens Advi
The Trussell Trust
Reserrfes policy
Newport Citizens Advice will seek to maintain sufficient reserves to ensure that the Servi￿ can continue to meet all its
statutory and other legal commilments for a minimum of three months. Reserves are held to ensure smooth running of
the organisation following payments received in arrears from funders. Having reviewed the risks fa￿d by the bureau,
trustees believe thal this level of reserves would nomially be suffi￿ent to cover risks such as..
potential redundancy
increase in premises costs
reliabilily of income sources
Underperforman￿ on contracted funds
other opportuntties, conlingencies or unforeseen costs
The Board will consider the need for any revisions to the content of this policy at the same time as assessing the level of
reserves required.
A detailed cash flow forecast is used to ensure financial risks are monitored closely and kept to an absolute minimum.
The aim is to set aside reserves amounting to three months operating Costs. including a contingency lo cash flow funded
projects as and when required, which would equate to approximately £280,000.
Current reserves position
Unrestricted funds stand at £555,188. The Board have approved designated funds for redundancy costs of £90,OOOand a
staff cost of living support fijnd for £41,410. The general fund stands at £423,778. Tangible fixed assets represent
£23,871 leavin9 £399.907 as the charities free re5eNes.
At 31 March 2024 the amount of restricted fund5 were £4.912.
Trustees have agreed that reserves in excess of the stated policy amounts should only be held for specific and
designated purposes. Any addttional reserves should be applied to support activities in keeping with the charity's objects.
Going ¢on¢ern
The Board have considered the charity's ability to continue as a going concem. Several factors have been considered
by the Board when forming their conclusions as to whether the use of the going concem basis is appropriate when
preparing these slatements including liquidity, cash resources, liabilities, future funding and support available from
various government initiatives.
The Iruslees have concluded that the cha17ty has a reasonable expectalion Ihat there will be adequate resources to
continue lo operate for at least 12 months from the date of signing these financial statements.
Page 3

NEWPORT CAB
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
FUTURE DEVELOPMENTS
In 2024-2025 Newport Citizens Advice is committed lo..
Developing Newport Citizens advice as a place where people feel valued. want to work and stay working,
where staff wellbeing is prioritised and where people can develop and enjoy a positive working culture and
environmenl
Continue to develop services that are responsive to need and are accessible for all our communities and further
develop our market leading products in employment and discrimination, health and wellbeing
Develop an organisalion that is seen as a highly valued and trusted partner both within Newport and beyond,
whose achievemenls are recognised and celebrated
Ensuring our organisation is robust in its govemance, structures and systems, forward thinking and sustainable
Ensure we are located in suitable. accessible premises
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Newport Citizens Advi￿ Bureau, also known as Newport Citizens Advice, is a registered charity and a company limited
by guafanlee. The charity is govemed by its Memorandum and Articles of Association.
Recruitment and appointment of new trustees
The charity actively seeks new trustees from the general public, users of the seNice and appropriate organisations, via
direcl contact and distribution of promotional materials. Trustees are selecled on the basis of the skills, knowledge and
experience they are able to bring to the bureau.
Organisational structure
Overall responsibility for the management of the bureau resls with the Trustee Boatd which is responsible for setting the
strategic direolion of the organisation and the policy of the charity. Board members are both charity Iruslees and
company directors. The trustees carry the ultimate responsibility ft)r the conduct of the bureau and for ensuring that the
charity satisfies its legal and contractual obligations. Trnslees meeling as a minimum quarterly. Day-to-day operational
responsibility for the organisation is delegated to the Chief Executive Officer.
Remuneration of all slaff. including key management personnel is set by Ihe Trustee Board in line with Local Authority
pay scales and market rates within Citizens Advice and the local area.
Induotion and training of new trustees
Newly appointed trustees are provided with a cOMp￿hen$1ve induction lo Ihe bureau through the provision of induction
material, training courses and menloring by established trustees. The charity adopts the policies and procedures
produced by Cilizens Advice.
Wider network
The charity is a member of Citizens Advice. a nationwide umbrella organisation for all local Citizens Advi￿ in the UK,
which provides a framework for standards of advice and casework managemenl as well as monitoring compliance with
these standards.
Risk management
The principal risk lo the charity is a change in its current funding. Perfomance is scrutinised by the Board of Trustees lo
ensure maintenan￿ of current funding. The charity actively seeks to diversify its funding sources.
Both internal and external risks have been evaluated and steps taken to mitigate these risks. Intemal risks have been
redU￿d by the development and implemenlalion of sound financial and other procedures. External risk has been
addressed by diversification of otjr funding base and promotion of the benefits of the service we offer at a local and
regional level.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
06030995 (Nol specified/Other)
Registered Charity number
1118855
Registered office
8 Corn Street
NEVVPORT
Newport
NP20 1DJ
Page 4

NEWPORT CAB
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Trustees
A Blackmore
J Hine
D Reed
J Harris
D Jouvenat
G Pankhurst
C Suller
Chair
Treasurer
Resigned 0811012024
Resigned 2610612023
Resigned 1610512024
Key Management Personnel
CSLane
Chief Officer
S Collis
ReSoUr￿S Manager
R Hustler
Specialist Services Manager
D Miliken
Generalist Services Manager
Until 0411012024
Company Secretsry
CSLane
Auditors
MHA
Chartered Accountants and Ststulory Auditor
Etfed House
Oak Tree Court
Cardiff Gate Business Park
CARDIFF
County of Cardiff
CF23 8RS
Bankers
Untty Trust Bank PLC
Nine Brindleyplace
BIRMINGHAM
B12HB
STATEMENT OF TRUSTEES. RESPONSIBILITIES
The trustees (who are also the directors of Newport CAB for the purposes of company law) are responsible for preparing
Ihe Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom
Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
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 incoming resources and application of resources. induding Ihe
income and expendilure, of the charitable company for Ihal period. In p￿parIng those financial slatemenls, the trustees
are required to
select suitable accounting 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 stalements on the going concern basis unless it is inappropriate to presume that the charitable
company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time
the financial position of the charitable company and to enable them to ensure that Ihe financial statements comply with
the Companies Acl 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 olher irregularities.
In so far as the trustees are aware..
there is no relevant audit information of which the charitable company's audilots are unaware- and
the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit
infomiation and to eslablish Ihat the auditors are aware of that informalion.
AUDITORS
The auditors, MHA, will be proposed for re-appointment al the forthcoming Annual General Meeting.
Page 5

NEWPORT CAB
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Approved by order of the Board of Trustees on ............................................. and signed on its behalf by:
A Blackmore - Trustee
Page 6

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
NEWPORT CAB
Opinion
We have audited the financial statements of Newport CAB (the 'charitable company,) for the year ended 31 March 2024
which comprise the Statement of Financial Activities. the Balan￿ Sheet, the Cash Flow Statement and notes to the
financial slatemenls, including a summary of significant accounting policies. The financial reporting framework that has
been applied in their preparation is applicable law and United Kingdom Accounting Standards {United Kingdom
Generally Accepted Accounting Practice).
In our opinion the finanaal slatements..
give a true and fair view of the state of Ihe charitable companls affairs as al 31 March 2024 and of its incoming
resources and application of resources, including its income and expenditure, 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 Intemational Standards on Auditing (UK) (ISAS (UK)) and applicable18w. Our
responsibilities under those standards are further described in the AuditOfS' responsibilities for the audit of the financial
stalements section of our report. We are independent of the charitable company 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 fijlfilled our other ethical responsibilities in accordance with these requirements. We believe that the audil
eviden￿ we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going ¢on¢ern
In auditing the financial statements, we have concluded that the trustees, use of the going concem basis of accounting in
the preparation of Ihe financial slatements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or condilions
that, individually or colleclively, may cast significant doubt on the charitable company's ability to continue as a going
cOn￿M for a period of at leasl Iwelve months from when the financial statements are authorised for issue.
Our responsibilities and Ihe responsibilities of the trustees with respect to going concern are described in Ihe relevant
sections of this report.
Other information
The trustees are responsible for the olher infomalion. The other information comprises the infomation induded in the
Annual Report, other than the financial statements and our Report of the Independent Au¢Jitors thereon.
Our opinion on the financial stalements does nol cover Ihe other information and, except lo the extent othewise explicitly
slated in our report. we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other infomiation and. in doing
so, consider whelher the other information is materially inconsistent with the financial slatemenls or our knowledge
obtained in the audit or othemise appears to be materially misstated. If we identify such material inconsistencies or
apparent material misstatements, we are required to determine whether Ihis gives rise to a malerial misslatemenl in the
financial statements themselves. If, based on the work we have performed, we conclude that there is a material
misstatemenl of Ihis other information, we are required to report that fact. We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit=
the information given in the Report of the Trustees fof the financial year for which the financial statements are
prepared is consislenl with the financial statements.. and
Ihe Report of the Truslees has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of
the audit, we have not identified material misstatements in the Report of Ihe Trustees.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you
if, in our opinion..
adequate accounting records have not been kept or returns adequate for our audit have nol been received from
branches not visited by us., or
the financial statements are not in agreement wtlh the accounting records and returns., or
certain disclosures of tnJstees' remuneration specified by law are not made., or
we have not received all the information and explanalions we require for our audit., or
the Irustees were not entitied to take advantage of the small companies exemption from the requirement lo prepare a
Strategic Report or in preparing the Report of the Trustees.
Page 7

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
NEWPORT CAB
Responsibilities of trustees
As explained more fully in the Statement of Trustees, Responsibilities, the tTLtstees (who are also Ihe directors of the
charitable company for the purposes of company law) are responsible for the preparation of the financial stalements and
for being satisfied that they give a true and fair view. and for such internal control as the trustees dete￿Ine is necessary
to enable the preparation of financial slatemenls that are free from material misstatement. whether due to fraud or error.
In preparing the financial statements, the Iruslees are responsible for assessing the charitable company's ability to
continue as a going concern, disclosing, as applicable, matters related to going con￿rn and using the going concem
basis of accounting unless the trustees either intend lo liquidate the charitable company or to cease operations, or have
no realislic alternative but to do so.
Our responslbilitles for the audit of the financial ststements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misslatemenl. whether due lo fraud or error, and to issue a Report of the Independent Auditors that indudes 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. Misslatements can arise from fraud
or error and are considered material if, individually or in the aggregale, they could reasonably be expected to influence
the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance wtth laws and regulations. We design procedures in line
with our responsibilities. outlined above. to detect material misstatements in respect of irregularities, induding fraud. The
specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including
fraud is detailed below-
Enquiries of management. those charged with govemance around actual and potential liligalion and claims-
Enquiry of entity staff to identify any InStan￿S of non-compliance with laws and regulations-
Performing audit work over the risk of management override of controls, including lesting of journal entries and
olher adjustments for approprialeness and evaluating the business rationale of significant transactions outside
the normal course of business:
Reviewing minutes of meetings of those charged with govemance;
Evaluating the reasons for any large or unusual transactions,.
Reviewing financial slatemenl disclosures and testing to supporting documentation lo assess complian
with applicable laws and regulations.
Because of the inherent limitations of an audit. there is a risk that we will not detect all irregularities, including those
leading lo a material misslatemenl in the financial statements or non-compliance wtih 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 inslances of non-complian￿. The risk is also greater regarding
irregularities occurring due lo fraud rather than error. as fraud involves intentional concealment. forgery. Gollusion,
omission or misrepresenlation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting
Council's website at www.frc.org.uklauditorsresponsibilities. This description forms part of our Report of the Independent
Auditors.
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of
the Companies Act 2006. Our audit work has been undertaken so that we might stale lo the charitable company's
members those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest
extent pemiitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the
charFlable company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Julia Mortimer (Senior Statutory Auditor)
for and on behalf of MHA
Chartered A￿ountants and Statutory Auditor
CARDIFF
CF23 8RS
Dale:
MHA is the trading name of Maclntyre Hudson LLP, a limited liability partnership
in England and Wales (registered number OC312313)
Page 8

NEWPORT CAB
STATEMENT OF FINANCIAL ACTIVITIES
{INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2024
2024
Total
fvnds
2023
Total
funds
Unrestricted
funds
Reslricted
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
127,215
127.215
128,677
Charitsble activities
Generalist Advice
Specialist Advice
712.645
452,749
712,645
642,749
682.300
714,818
190.000
Other trading activities
Investment income
800
526
800
526
1,600
385
Total
318,541
1,165.394
1.483.935
1,527,780
EXPENDITURE ON
Charitable activities
Generalist Advice
Specialist Advi
95,856
246,986
737.476
454,110
833.332
701,096
717.907
778.843
Total
342.842
1.191.586
1.534.428
1,496.750
NET INCOMEIIEXPENDITURE)
Transfers between funds
(24.301)
9,743
(26,192)
9,743
(50,493)
31,030
18
Net movement in funds
(34.044)
(16,449)
(50,493)
31,030
RECONCILIATION OF FUNDS
Total funds brought forward
589,232
21,361
610,593
579.563
TOTAL FUNDS CARRIED FORWARD
555,188
4,912
560,100
610.593
The notes form part of these financial statements
Page 9

NEWPORT CAB (REGISTERED NUMBER: 06030995)
BALANCE SHEET
31 MARCH 2024
2024
Total
funds
2023
Total
funds
Unrestricted
fvnds
Reslrieled
fijnds
Notes
XED ASSETS
Tangible assets
14
23,871
23,871
22,317
CURRENT ASSETS
D9blor8
Cash at bank
15
87.001
528 374
87,001
533 286
140.432
615,375
4.912
620.287
684,476
CREDITORS
Amounts falling due within on8 year
16
{84.058)
{84,058)
196.200)
NET CURRENT ASSETS
531,317
4,912
536.229
588 276
TOTAL ASSETS LESS CURRENT LIABILITIES
555,188
4.912
560.100
610,593
NET ASSETS
555.188
4.912
560.100
810.593
FUNDS
Unrestrtcted funds
Restricl8d funds
18
555,188
4.912
589,232
21,361
TOTAL FUNDS
560.ItXI
610,593
These financial statements have been prepared In acc4)rdan¢e with the pwslons applieab18 to Charitable compantes
sublecl lo the small companies regime.
The flnanaal statements were approved by the Boanl of Ttuste8s and authorised fLY iswe on
.-I7.1..11..l..a%zX4.........,.. 8nd were signed on its behalf by:
D F i¥eed-Twslee
A Blackmore- Trustee
The notes fonn part of these fin8n¢ial statemenis
Page 10

NEWPORT CAB
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Notes
Cash flows from operating activities
Cash generated from operations
2.635
30.736
Net cash provided by operating activilies
2,635
30,736
Cash flows from investing activities
Purchase of langible fixed assets
Interest recetved
(13,919>
526
(2,017)
385
Net cash used in investing activities
13,393)
Change In cash and cash equivalents In
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
(10.7581
29.104
544,044
514,940
Cash and cash equivalents at the end of
the reporting period
533.286
544.044
The notes form part of these financial slalemenls
Page11

NEWPORT CAB
NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024
RECONCILIATION OF NET (EXPENI)ITURE}IINCOME TO NET CASH FLOW FROM OPERATING
ACTIVITIES
2024
2023
Net (expenditure}fincome for the reporting period (as per the
Statement of Financial Activities)
Adjustments for:
Depreciation tharges
Loss on disposal of fixed assets
Interest recetved
Decreasel(Increase) in debtors
{Decrease)Iincrease in creditors
(50,493)
31,030
12,364
20,955
131
(385)
(54.623)
33,628
(526)
53,432
12.142
Net cash provided by operations
2.635
30,736
ANALYSIS OF CHANGES IN NET FUNDS
At 114123
Cash flow
At 3113124
Net cash
Cash at bank
544.044
10,758
533,286
533.286
Total
544.044
10,758
533.286
The notes form part of these financial statements
Pa9e 12

NEWPORT CAB
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
STATUTORY INFORMATION
Newport CAB is a registered charity and private company limited by guarantee having no share capital. Members
have agreed to contribute £1 in the event of a winding up. The company is incorporated in Wales in the United
Kingdom. The registered office is 8 Corn Street, Newport, NP20 1 DJ. The nature of the company's operations
and principal activities is disclosed within the Report of the Twstees.
The financial statements are presented in Sterling (£1, the wmpany's functional currency, and rounded lo the
nearest pound.
The significant accounting policies applied in the preparation of these financial statements are set out below.
These policies have been consislently applied to all years presented unless otherwise staled.
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statemenls of the charitable company. which is a public benefit enlity under FRS 102, have been
prepared in accordarice with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement
of Recommended PractiTr applicable lo charilies preparing Iheir accounts in accordan￿ with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {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. The financial statements have been prepared under the historical cost convenlion.
There have been no material departures from Financial Reporting Stsndard 102.
Going concem
The trustees have assessed the charity's ability to continue as a going COn￿rn.
The charity has no extemal borrowings and manages its activtties with positive unreslricted bank balan￿s.
The trustees regularly review and manage short-term fluctuations in income streams and have established a
minimum level of free reserves to allow for such fluctuations.
The charity's forecasls and projections show that the charity should be able to conlinue to operate and is well
placed lo manage its risks successfully in the coming 12 months.
The Irustees, therefore, have a reasonable expectation that the charity has adequate resources to continue in
operational existen￿ for the foreseeable future. Accordingly, they continue to adopl the going concem basis of
accounting in preparing these financial statements.
Income
All income is recognised in the Slatement of Financial Activities once the charily has entttlement to Ihe funds, it is
probable Ihal the income will be received and the amount can be measured reliably.
This indude5 capital grants.
Donations and legacies income includes donations. gifts and grants that provide core funding or are of a general
nature are recognised where there is entitlement. probability of receipt and the amount can be measured with
sufficient reliability. Such income is only deferred when the donor specifies il must be used in future accounling
periods or the donor has imposed conditions which must be met before the charity has unconditional entitlement.
Income from charitable activities includes income received under contract or where entitlement to grant funding is
subject to specific performance conditions. This income is recognised where there is enlitlemenl, when the
receipt is probable and the amounl can be measured reliably. Income is deferred when the amounts received are
in advance of the performance of the service or event lo which they relate.
Income from other trading activities is recognised as the related seNices are provided and there is entitlement,
probability of receipt and the amount can be measured with suffirient reliability. Income is deferred when the
amounts received are in advance of the delivery of the service or evenl to which it relates.
Investment income is recognised on a recetvable basis.
Page 13
continued...

NEWPORT CAB
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES- continued
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the
charity lo that expenditure. it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and
has been classified under headings that aggregate all cost relaled to the calegory. Where Costs cannot be
directly attributèd to particular headings they have been allocated lo activities on a basis consistent with the use
of reSoUr￿s.
Expendtture on charitable activities comprises those costs incurred by the charity in the delivery of its activities
and servi￿5 for its beneficiaries. It includes both costs that rAn be allocated directly to such activities and those
costs of an indired nature to support them.
Support costs are those costs that, whilst necessary io deliver an activity, do nol themselves produce or
constitute the output of the charitable activity. This includes governance costs which are those costs associated
with meeting the constitutional and statutory requirements of Ihe charity and include the accountancy fees and
costs linked to the strategic management of the charFty as well as a proportion of salaries based on an
approximation of time spent in this area.
Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to
which it relates.
Allocation and apportionment of costs
All costs are allocated between the expenditure categories on a basis designed to reflect the use of the resource.
Costs relating to a particular activily are allocated directly- others are apportioned on an appropriate basis.
Operating lease commibnents
Rentals applicable to operating leases where substantially all of the benefits and risks of the ownership remain
with the lessor are charged against profits on a straight line basis over the period of the lease.
The benefits of lease in￿ntiVeS are recognised in the profFt and loss account over the lease period.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Pension costs and other post-retirement benefits
The charity contributes lo the personal pension schemes of some of its employees. Contributions payable to the
schemes are charged to the stalemenl of financial activities in the period to which they relate.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useftjl life.
Fixtures & Fittings
Equipment
200/0 Straight line
Straight line
Fixed assets are initially recorded at cost.
Financial instruments
The charity only has financial assels and financial liabilities of a kind Ihat qualify as basic financial instruments.
Basic financial instruments are initially recognised at transaction value and subsequently measured at their
settlement value.
Debtors
Trade and other debtors are recognised at the settlement amount due and prepaymenls are valued al the
amount prepaid.
Creditors
Creditors are recognised where Ihe charity has a present obligation resulting from a past event that will probably
result in the transfer of funds to a third party and the amount due to settle the obligalion can be measured or
estimated reliably. Creditors and provisions are normally recognised at Iheir settlement amount after allowing for
any trade discounts due.
Page 14
continued.

NEWPORT CAB
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES - continued
Funds structure
Unrestri¢ted funds
Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the
charity without further specified purpose and are available as general funds.
Designated funds
Designated funds are created at the discretion of the board.
Restricted funds
Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure, which meets these
criteria. is charged to the fund, together with a fair allocation of support and governan￿ costs.
DONATIONS AND LEGACIES
2024
2023
Grants
Other sundry income
126,046
125,700
2,977
127.215
128.677
Grants received. included in the above, are as follows..
2024
2023
Newport City Council - core grant
126.046
125,700
OTHER TRADING ACTIVITIES
2024
2023
Shelter Cymru - service charge
800
7,600
INVESTMENT INCOME
2024
2023
Bank interest receivable
526
385
INCOME FROM CHARITABLE ACTIVITIES
2024
2023
Activity
Generalist Advice
Grants
Newport City Council-
Information. Advice and
Assislance
Grants
Aneurin Bevan University
Health Board
612.371
582,300
Generalist Advi
Specialist Advice
100,274
452,749
100,000
524,818
Specialist Advice
190,000
190.000
1.355.394
1,397.118
Page 15
continued...

NEWPORT CAB
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
INCOME FROM CHARITABLE ACTIVITIES - continued
Grants received, included in the above, are as follows..
2024
2023
Newport City Council
Welsh Govefnmenl
Citizens Advice
Citizens Advicelmoondance Foundation
NCN- East and West Cluster
Citizens Advice - Energy Advice Programme
Citizens Advice - Core SeNice Donation Funding
Trussell Trust
59,574
884,269
144,424
885,772
21,922
41,500
13,500
41,479
13,500
20,650
39,656
5.992
1.065,120
1,107.118
CHARITABLE ACTIVITIES COSTS
Direct
Costs (see
note 8)
Support
costs (see
note 9)
Totals
Generalist Advice
Specialist Advi
754,567
644.110
78,765
56.986
833,332
701.096
1,398.677
135,751
1,534,428
DIRECT COSTS OF CHARITABLE ACTIVITIES
2024
2023
Staff costs
Renl, rates and water
Insurance
Repairs and maintenance
Premises- Outreach room hire
Other staff and volunteer costs
Telephone
Printing, postage. stationery and general offi
Sundry expenses
Disbursements
Training and conferences
IT and computer expenses
Subscriptions
Publicity and promotion
Restricted funding due to be repaid
Partnership funding
1,147,568
36,687
4,566
7.390
270
11.935
17,559
31.177
612
1.201
1,652
18,275
6.485
15
1.126,665
37,564
3.965
3,685
413
9,850
6.547
19.227
568
3.448
2,967
20,025
4,025
208
6,922
113,285
113,285
1.398.677
1.359.362
Page 16
ontinued.

NEWPORT CAB
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
SUPPORT COSTS
staff
costs
Other
costs
Governance
costs
Depreciation
Totals
Generalist Advice
Specialist Advice
50,568
36.585
7,801
5.645
7,174
5,190
13,222
9,566
78,765
56,986
87,153
13.446
12.364
22,788
135.751
10.
NET INCOMEI(EXPENDITURE)
Net incomel{expendtture) is stsled after chargingl(crediting)'.
2024
2023
Auditors, remuneralion
Audilors, remuneration for non-audit work
Depreciation - owned assels
Deficil on disposal of fixed assets
Pension contributions
Lease payments recognised as an expense
5,016
2,417
12,365
5.016
2,113
20,955
131
79,896
55.467
85.934
55,208
11.
TRUSTEES. REMUNERATION AND BENEFITS
There were no tnjstees, remuneration or other benefits for the year ended 31 March 2024 or for the year ended
31 March 2023.
Trustees. expenses
Expenses were paid by the charity on behalf of one trustee during the year of £184 (2023= £334 to one truslee).
12.
STAFF COSTS
2024
2023
Wages and salaries
Social securily costs
Other pension costs
1,071,869
92.014
85,934
1,058.350
82,790
79.896
1.249.817
1,221.036
One employee received emoluments in excess of £60,000.
The average number of full-time and part-time staff were as follows..
2024
23
20
2023
24
24
Average number of full lime staff
Average number of part time staff
The total key management personnel remuneration benefits during the year was £224.385 (2023.. £205,281).
Page 17
continued...

NEWPORT CAB
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
13.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
Restricted
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
128,677
128,677
Charitable activities
Generalist Advice
Specialist Advice
13,200
190,000
669,100
524.818
682,300
714,818
Other trading activities
Investment income
1.600
385
1,600
385
Totsl
333,862
1,193,918
1.527 780
EXPENDITURE ON
Charitable activities
Generalist Advice
Specialist Advice
81.746
255.386
656.161
523,457
717,907
778.843
Total
317,132
1.179.618
1.496,750
NET INCOME
Transfers between funds
16,730
3,422)
14.300
3,422
31,030
Net movement in funds
13.308
17.722
31,030
RECONCILIATION OF FUNDS
Total funds brought fornard
575,924
3.639
579,563
TOTAL FUNDS CARRIED FORWARD
589,232
21,361
610,593
14.
TANGIBLE FIXED ASSETS
Fixtures
& Fittings
Equipment
Totals
COST
At 1 April 2023
Additions
Disposals
30,278
6,685
2.734}
88,073
7,234
2.137)
118,351
13.919
At 31 March 2024
34,229
93.170
127,399
DEPRECIATION
At 1 April 2023
Charge for year
Eliminated on disposal
26,936
2,640
69,098
9,725
2.137
96,034
12,365
At 31 March 2024
26,842
76.686
103,528
NET BOOK VALUE
At 31 March 2024
7.387
16.484
23.871
At 31 March 2023
3.342
18,975
22.317
Page 18
continued...

NEWPORT CAB
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2024
15.
DEBTORS." AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade debtors
Prepayments and accrued income
19,000
68.001
19,480
120,952
87,001
140,432
16.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade creditors
Social securily and other laxes
VAT
Other creditors
Accruals and defeffed income
21,917
18,488
5.715
12.420
25,518
21,205
20,195
6,567
3,871
44,362
84.058
96.200
17.
LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows..
2024
2023
Within one year
Between one and five years
In more than five years
37.738
150,000
70.313
39,360
150,238
107,813
258,051
297.411
18.
MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
belween
funds
At
3113124
At 114123
Unrestricted funds
General lund
Designated fund - re(Jundancy costs
Designated Fund - staff for cost of living
support
457.822
90,000
(24.301)
(9.743)
423,778
90,000
41,410
41.410
589,232
{24,301)
{9,743)
555,188
Restricted funds
Newport City Council - Information, advi
and assistance
Help to Claim
EU Crtizens Rights Project- Generalist
EU Cilizens Rights Project- Specialist
Welsh Government - Advicelink Claim
What's Yours
Citizens Advicelmoondance Foundation -
Wamer Wales
Citizens Advice - Cosl of Living
Welsh Government - Winter Capacity
3,639
(3,639)
(730)
(1,361)
(1.361)
730
1,361
1,361
(5,900)
5,900
(3,113)
(15.000}
4,912
3,113
15.000
4,912
21,361
26,192
9,743
4,912
TOTAL FUNDS
610.593
50.493
560.100
Page 19
ontinued...

NEWPORT CAB
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
18.
MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fvnd
318,541
(342,842)
(24,301)
Restricted funds
Families First
Newport City Council - Infomalion, advice
and assistance
Help lo Claim
EU Citizens Rights Project - Generalist
Welsh Governmenl - Advice Link Cymru
(Generalist Fund)
Welsh Government- Advi￿ Link Cymru
(Specialist Fund)
Welsh Government- Advice Link Cymru
(Other Regions Fund)
Welsh Govemment - Advice Link Cymru
(Remote Fund)
EU Citizens Rights Project- Specialist
Welsh Government- Advicelink Claim
What's Yours
Citizens Advi¢elMoondance Foundation-
Warmer Wales
Welsh Government - Basic Income Pilot
Citizens Advice - Cost of Living
NCN - East and Wesl Cluster
Cilizens Advice - Energy Advice
Programme
Citizens Advice - Core Service Donation
Funding
Welsh Government - Wnter Capacity
Trussell Trust
59,574
(59,574)
100,274
145,539
16.532
(103.913)
(148,269)
{17.893)
(3,639)
(730)
{1.361)
164.862
(164.862)
179.000
(179.000)
85,994
(85,994)
90.999
16,532
{90,999)
(17,893)
(1,361)
113,400
{119,300)
(5,900)
41,479
61,411
(44.592)
(61.411)
{15,000)
{13.500J
(3.113)
{15.000)
13,500
20.650
(20,650)
39,656
10,000
5,992
(39,656)
(5,088)
5,992)
4,912
1,165,394
1,191,586)
26.192)
TOTAL FUNDS
1,483,935
1,534,428
50,493
Page 20
continued...

NEWPORT CAB
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2024
18.
MOVEMENT IN FUNDS- continued
Comparatlves for movement In funds
Nel
movement
in funds
Transfers
between
funds
At
3113123
At 114122
Unrestricted funds
General fund
Designated fund - redundancy costs
Designated Fund - Business Development
Manager
Designated Fund - staff for cost of living
support
355,924
90,000
35,320
66.578
457,822
90,000
70.000
(70.000)
60.000
18.590)
41,410
575.924
16.730
(3,422)
589,232
Restricted funds
Newport City Council - Infomiation, advice
and assistance
Help to Claim
EU Citizens Rights Projecl - Generalist
EU Citizens Righls Project - Specialist
Citizens Advice - Cost of Living
3,639
3.639
(3.422)
1,361
1,361
15,000
3.422
1.361
1,361
15.000
3.639
14.300
3.422
21,361
TOTAL FUNDS
579,563
31,030
610.593
Page 21
continued...

NEWPORT CAB
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2024
18.
MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows..
Incoming
resoLsrces
Resources
expended
Movement
in funds
Unrestricted funds
General lund
Designated Fund - staff for cost of living
support
333,862
{298,542)
35,320
333,862
(317,132)
16,730
Restricted funds
Families First
Newport City Council - Information, advice
and assistan
Help to Claim
EU Citizens Rights Project- Generalist
Welsh Government- Advice Link Cymru
(Generalist Fund)
Welsh Govemment- Advice Link Cymru
(Specialist Fund)
Welsh Govemment - Advi￿ Link Cymru
(Other Regions Fund)
Welsh Government- Advice Link Cymru
{Remole Fund)
EU Citizens Rights Project- Specialist
Welsh Govemment - Advice Link
Employment Capacily Taskforce
Welsh Government- Advicelink Claim
What's Yours
Citizens Advicelmoondance Foundation -
Warmer Wales
Newport City Council - Early Help
Welsh Govemment - Basic Income Pilot
Citizens Advi￿ - Cost of Living
NCN - East and Wesl Cluster
70,174
(70,174)
100,000
143,663
32,768
(100,000)
(147,085)
(31,407)
(3.422)
1,361
157,004
(157,004)
170,478
(170,478)
81.899
(81.899)
86,666
32,768
(86.666)
(31.407)
1,361
8,583
(8,583)
135,000
(135,000)
28,300
74,250
43.865
15,000
13,500
(28,300)
(74,250)
(43,865)
15,000
13,500)
1.193.918
1.179,618
14.300
TOTAL FUNDS
1,527,780
1,496.750)
31,030
Designated funds
Redundancy costs - the Board sel aside an amount to be used in the event of redundancy costs being incurred.
Staff for cosl of living support - the Board set aside funds in anticipation of the extra staff needed lo support the
additional service levels during the cost of living crisis.
Restri¢tsd funds
Newport City Council - Famllies First
The aim of this service is to maximise the income of children and families with disabilities, so that they don't
become disadvantaged by povety.
Newport City Councll - Infomiation, Advice & Assistance
This is a service to provide an Advocacy and Preventative Social Care SeNice in Newport. IAA services are
defined under Ihe project as services which offer infomiation and advice relating lo accessing care and support.
Citizens Advice - Help to Claim
An agreement between The National Association of Citizens Advice Bureaux and the Local Citizens Advice on
receipl of funding from The Department for Work and Pensions (DVVP) to assist in helping to claim universal
support.
Page 22
continued...

NEWPORT CAB
NOTES TO THE FINANCIAL STATEMENTS . continued
FOR THE YEAR ENDED 31 MARCH 2024
18.
MOVEMENT IN FUNDS - continued
EU Citizens Rights Project
Cilizens Advice has been awarded funding by the Welsh Governmenl for the provision of information and advi
services for EU Citizens from April 2019 to March 2024.
Advice Link Cymru - Generalist Fund
Citizens Advice has been awarded funding by the Welsh Govemment to provide advice Se￿iceS across Wales
from January 2020 until March 2024. Newport Citizens Advice Bureau have received a proportion of the fvnding
allocation relating to the Gwent Region of Wales. Part of the grant relates to an underspend on Front Line Advice
Services that has been reallocated to the Advice Link project with the funders permission to cover the costs of a
generalisvbenefits welfare worker.
Advice Link Cymru - Specialist Fund
Citizens Advice has been awarded funding by the Welsh Government to provide advi￿ setvices across Wales
from January 2020 until March 2024. Newport Citizens Advice Bureau have received a proportion of the funding
allocation relating to the Gwent Region of Wales.
Advice Link Cymru - Other Regions
Citizens Advice has been awarded funding by the Welsh Government to provide advice services across Wales
from January 2020 unlil March 2024. Newport Citizens Advice Bureau have received a proportion of the funding
allocation relating to the Gwenl Region of Wales.
Advice Link Cymru - Remote
Citizens Advice has been awarded funding by the Welsh Govemment to provide advice services across Wales
from January 2020 until March 2024. Newport Cilixens Advice Bureau have received a proportion of the funding
allocation relating to the Gwent Region of Wales.
Advice Link Employment Capacity Taskforce
Funding received from Citizens Advice towards a new advisor from January 2021.
Claim What's Yours
Funding re￿iVed from Citizens Advice to support the 'claim what's yours, income maximisation and benefit take
up campaign.
Newport City Council- Early Help
Funding received in support of the delivery of the Welsh Govemment's Support for Early Help Programme which
focuses on easing the pressure on and reducing watting times for vital early help and support services in support
of children and young people and parents in response to the pandemic.
Welsh Government- SAF Basic Income Pilot
Funding received in support of the delivery of the Basic Income for Care Leavers in Wales pilot which is available
for those leaving care who are turning 18 years of age between 1 July 2022 and 30 June 2025. The programme
will provide a monthly payment of £1,600 {£1,280, after-tax) to all eligible reupients choosing to participate in the
pilot.
Citizens Advice - Cost of Living
Funding received to support the cost of living work which was previously funded from reserves.
Citizens Advicelmoondance Foundation - Warmer Wales
Funding received to ensure people in Wales get the crucial advice they need to manage their energy more
efficiently and avoid fuel povety.
NCN - East and West Cluster
Funding for 1 x 0.6wte link worker support for a 6 month period, the individual will offer social welfare advice
support for patients referred by GP praCtI￿S in the Newport East Cluster.
Citizens Advlce - Energy Outreach Programme
The outreach programme provided additional help for people across Wales with energy advice and income
maximisation.
Page 23
continued...

NEWPORT CAB
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
18.
MOVEMENT IN FUNDS - continued
Citizens Advice - Core Service Donation Funding
Funding received lo provide telephone advice, website and email advi￿ in general topics across the England
and Wales.
Trussell Trust
Funding provided general welfare benefit advice from foodbank locations.
Welsh Government - Winter Capacity
Funding provided additional support enabling our debt advisers to increase capacity for a short period.
Prior
Advice Link Employment Capacity Partners
Funding re￿iVed from Citizens Advice towards 1.5 FTE trainer SUpe￿IS0rS for Caerphilly Citizens Advice and
olher costs to be apportioned between Torfaen and Caerphilly. Newport Citizens Advi￿ acted as lead on Ihe
project but none of the funding was for their use.
British Gas Eneryy Trust
An agreement between National Association of Citizens Advice Bureaux and the local Citizens Advice on receipt
of funding from the British Gas Energy Trust. To provide advice and assistance to beneficiaries aimed al enabling
them to manage their debts and budget going forward, maximise their income and ability to afford their bills.
enabling people to have warm homes through improving energy efficiency and improving their health and
wellbeing.
Transfers between funds
A transfer of £730 was made from the general fund to the Help to Claim fund due lo overspend this year.
A transfer of £5,900 was made from the general fiJnd to the Claim ￿81.$ Yours fund due to overspend this year.
A transfer of £3.113 was made from the general fund to the Wamier Wales fund due lo overspend this year.
19.
EMPLOYEE BENEFIT OBLIGATIONS
The charily operates a defined contribution pension scheme. The assets of the scheme are held separately from
those of the charity in independenlly administered funds. The pension cost charge represents conlribulions paid
by the charity to the fund and amounted to £85,934 (2023.. £79.896). At the year end there were outstanding
contributions of £9.431 (2023= £299).
20.
RELATED PARTY DISCLOSURES
There were no further related party transactions for year ended 31 March 2024 {2023: £nil) that require
disdosure.
Page 24