RECISTERED COMPANY NUMBER: 060311995 (EnEland and Waks> FimanciaLStaknKoty ts thLYeat Ell41 IJ 2025 Asbmole & Co First Floor I St John's Court Upper Ffor¢5t Way Entewise Park Swansea SA6 8QQ
Cijntentsof Ibe Financiaj Stat¢msnts for thc.yeat£nd l M8rch2Q25 Report of the Thistees I to 8 li8t ufthe hmkpendfflt Auditors 9 to 12 Statemcnt of Finatsciat Adivities 13 Balaoce Sheet 14 Cash Flow Ststemcnt 15 Notes to the Cash Flow Ststenient 16 Notes to the Financial Statements 17 to 30 Detailed Stst¢mcnt of Financial Activities 31 to 32
port of thc TJW.k forthcLtr4r FAdlI Mch 2Q25 The trust¢¢s who are a180 directors of the thuTity for PuTpO of the Companics Act 2¢X16, pr¢senl tb¢ir ryort with the financial of the charity for the year ended 31 March 2Q25. The ts1CeS have a&>pted the provisions of Accounting and Reporting by Charities: Statenwit of Recommeothl Practice applicable to charities Preparing their acCOlS in accordance with th¢ Financial ReportitiB Standard applicable in the UK and Rwb&ic of Jr¢l8nd (FRS 102) (effective l Yary 2019). ORIECTIVES AND ACTivrriES Objects The charity's objects to prornote any cknitable purpose for the public b¢nefit of tbe Community by the advancetneut of education, thc protection 8nd preservation of h¢alth and the relief of sicknes8 and distr¢ss, ia partieular. but thOut lirnitatioffj for the benefil of th¢ community ID Wale8 and England. The servlce Alm8: to provide the advi people need for tbc prnblems they face to improve the poli¢ies and practieAs th&t Aifect people's jives Public benefit The or8gni6atiotis truste¢s can confrm that they hav¢ complied with the duty in Section 17 of the awAti¢s Art 2011 to h&}"¢ due regard to public Inefit guid8DrK pthlish¢d by ib¢ Cornmission. Significatst a¢tivitie that w¢ undertook thriti8 the year that dernonstrat¢ public bcnefit are set out overleaf. Page I
l<¢port Of_t.T¢ee5 for Ihe.Ye8r ErKled 31 M_ah 2QlS OBJEcfivES AfiD ACITvfriES Sfignificant aetivitit4 gchlevements and performanc DwAug 2024-25 the al$tion achieved the following.. - Ikllvery of strong pCrfI)rnw acmss all the seryices of the or8alli5ation. . Secured continuation of funding for most of the organisation's s¢rviccs - sured incom¢ gains for client$ of MO than £6 million. - Helped over 9,1XX) cliejts andprovided advice oll over 42.0(Kl issues. Summary of main activities of the chority in Trlation to its objects". C05t of Living Crlsts We continue to cxperiencc high levels of d¢mand due to the onsoing cogt of living ¢ri$is. Large munbe]% of clients need emcrgell help WAth fuel Cost4 moncy and fcrfjd. We have now establishcd a cost of IivAll8 dTOP-AD whioh is provided every Friday to provide access to fool tsl vouchers aod emergency payments Open The op¢Th door 8ervice is open to th¢ public during part of the week for Advice on all 8ubi¢0ts. 2,928 ¢Jients were 8ccn through thc OpedoOr1cOr¢ s¢rvi¢e, mony of whi¢h will a180 have been provided spccialist help. Sln8le Athee Fund (Gen¢raUst Senlc¢) Thi8 scryice 18 funded by the Welsh Govemmcnt to prnvide 8eoeraliKd advice on all subjects The service delivered through, open door. telephone and outreach service3 Jn the year 1.634 clients wcre 8e¢n by this servicx dcal?n8 with over 8.000 i88U¢S. N¢wport Clty CouA¢IJ- Informalloll, Advke and As$iqtallce (IAA) DurinA 202425 Newwrt CAB continued to deliver this service wbich provided advice to help prevent or d¢lay the development of people's necd for care and support. Th¢ proj¢¢f pmvid¢d advice to 772 clienis during the g¢nerat¢d fanCi gains of £1.8 million. Aneurln Bey UDivenlty Heglth Board Projeet Newport C.itizenB Advice leads thi's service whi¢h provides advice for pcople in the of secondary mentsl bealth servi¢¢s An GwenL The advicc WO involve8 advice casewo acros5 a range of subjccis and is deliv¢red in parthership ryth Citizen5 Advicc Caerphilly Blaenau Gwent and Citizens Advice Torfaen. DUrll the year Newport Citizens Advice help 336 clients and secEwed financial gains of over £800,000 via this service. Help to aAkn (Unfversal Credit Support) This project 18 fimdcd by the Department for Work aod Pe$lons, contractcd through national Citizens Advice. The purpose of the fundiog was to provide support lo clients wisljing to mth a claim for Universal Credit with 8UPPQrt up to the first regular payment of Universal CrediL This service is provi¢ by phone Debt Adthe Debt advice is funded by Wc]sh Govenunent througb the Single Advice Fund. Dwin8 2024-25 our specialist debt advi5crs provided seryices to 531 clients. Basic Tlleome Pilot Page 2
pottof the T foLshe Y&Ar. En4&3J MaLC.h 2025 This is a pan Wales pilot iniiiative fijnded by the Welsh Governnwrt lo provide on a Standard basi¢ income to carc leaver5 as they leave 1 Authority care. Th¢ woTk involves re8uIAr contsct with participants a5 they enkr the h¢M¢, throughout the ill¢on]e periLNI ond then as they leave ai the end of the 12 months. The project has bem assisting 33 young Gare leavers with intensivc SUPPOTL Kmployrnent and D1¥crlmit1On Te We]sh (3ovemment tbrnugh the Single Advice Fund provides fiwding for employnJeDt and disuilljination adviL% gnd casework to Newport Citiz¢ns advice lo support clients from a¢rosg mi<L south snd west Wales. In 8dditio Welsh Govenllnent also fimd5 a telephone based advice swvice to clients acrosy Wales wbi¢h 18 delivered in partner8bip with Cilizens Advice F]intshire. A totsl of 840 ¢li¢nts were provided sp¢ciAIi8t employment aad dWItion advice and casework dunng FAmiiles FiY8t The Families First projexc fi]nded by Wc18h Gov¢nwt via N¢wport City Council. provides Specialist 8UPPOrt and inwme tiwirni8ation help to famili¢s with di8abilitics. Clients are rcfcrred from ext¢rnal organisation¥ and intenjally. DuLiDg the year 284 ¢lients wcre 4SSiSt¢d with Dver £Q.9 million of additional incon]e smjred for clients. Warmer WalewTner2y Advice Project Thi3 pmJect is intended Io PTovidc a WAde range of advice services relating to fuel povety and encrgy use. Thi8 includ¢s encrgy effici¢ncy advice, budgctiD8 WPPOrt 8nd incom¢ maximisatioii. During th¢ ycar it kns helpcd 516 cli¢llts and fjJlld¢d by the MOOndCe FoUndlOn And National Gild. Perfornimee & Monltorfng PerfortD8nc¢ monit()ring reports are produc and reported to tbe Perfornunce Risk and Complianee Committoe and to th¢ Tnthe Board on a quarterly basiB and 10 funders as r4uired, board to relevant fimdct¥ (or ¢ach project. OutLY)rnes are rneaSUr against KPIS where specified and pcrfornianc¢ thring 2023124 bad bgaj 8cn¢rally very gtron8. Volunteeri Volwit¢¢Tr t¢am can make a signific&nt and valued contribution to our serviees, but volunteer involvement ha5 fallen si8nificontly in recont yeats. W¢ CODtinuc to make Volunteeri opportiltieS available. Fundraiiln% A¢thdtl The chBrity &tts7¢ts limit¢d donations from members of the public. HOVer, the MaJity of fimditig is via its or contracts fiDm 5tht0ry aad other bodies. Employment of dlsabled peryons The CIlty is an equal opportunities employer and encouragc5 applicatiow from all members of the ConrnIty. The charity follows the policies and principles of Citizens Advice, thc Dationwide umbrella organisation for all local Citizet Advice organi8ations in tbe Ensland and W&les. Page 3
N¢wport CAB. Report of tholLvstce8 for th&_Y¢4rErthl 31 March 2025 FINANCIAL REVIEW Principal funding Sources The PTincipal funding source5 of the cknity.. Newport City Council - Welsh Governrnent via Citizens Advice - An¢urin Bevall University Healt& Board - DWP via Citizeos Advice - Citi£¢ns Advi - Moondallcc Fo]datiOn via Cilizen8 Advice - Th¢ Tnsell Trust Reserve5 pollry Newport Citizens Advice sttk to nintain sufficient reserves to ensure tbat the SeIce con continue to meet all its stthtory and other legal conllrithents for a minitnum of three months. Rcscrves arc held to ensure $M(th nmning of the organisation following payments received in oJre4r8 frorn fuDths. Havins reviewed thc risks fa¢¢d by the bureau, llvstees believe that this l¢vel of Tery¢S would nonnally be sufficient to cover risks such as: - potential reAaundw]cy - increase in premises Gosts reliabiiity of i0¢ sources . underperforma¢ on coThtractcd fimds other opportijnities, contingcncie& OT unforeseen costs The Board will consider the ne¢d for any r¢vi8ion5 to the cont¢nt of this policy at the same tin* as aMsing the level of reserves required. A detailed cash flow forecast is used to ellsu 8cIal risks are monitored closely and kept to an Ab801uk minimum. The aim is to 8et aside re9erves amountins to three Months operating ¢osts, includiT]g a ¢ontinga)cy to ca8h flow fiuthd proj¢¢ts as and when requin(L wbicb would cquate to appmximately £300,000. Current res¢rYe8 poiltioD Unrestricted fimds st&nd at £569.848. The Board have approv designated fijnds for redundaocy costs of £90,000 alld slaffing for G05t of living 8UPPVrt of £41.410. The genernl fiu sland8 at £438,438. Tangible fixed &8sets represent £30,742 leaving £407,696 as the charity's r¢senres. At 31 March 2025 the amount of restricted fuJy]s was £DiI TTU8tees have ated that reserves in exce88 of the 8tsted policy antounts should onty be held for specific And dcs1trAI purposes, Any additional reserves should be applied io support activiti¢8 in keeping with the charitys objects.
lieport of the Truste fozJkJeaT EndlLMa& 2025 Golng ¢on¢¢rn Th¢ Board have congidered tbc charitys ability kn continu¢ as 2 80ing concern. S¢v¢ral factors have bc nsidered by the Board wben fomiing their conCl810S a5 to wh¢tber the use of the going concern basis is appropriate when PTq)aring these statcm¢n15 including Jiquidity, ¢ash T&8our¢es. liabilities, luture fullding and 5UPPOrt &vail&ble frnm various government initiatives. The trustees hAve concludd that ttLe chlty bas a re&sonabl¢ expectation thplt there will be adequate 80urces to colltiaue to operat¢ at I¢tI2 montb from tbc date of signing the5¢ fJnan¢ial slatements. FUTURE DEVELOPMENTS tn 2025-2026 Nev4)ort Cilizens A<fvice 18 committed to: - DeY¢loping Ncwport Citizens advirx a6 & pla¢e where people frel valuE wllllt to work and stay wothng, where 81aff wellbeing 18 prioritised gnd wkn pwil¢ can develop and enjoy a p08itive wo)8 culture and ¢nvironment Continue lo develop services that ate rcspxmsive to need and are 8ccosslble for all cornmunitie8 and furthcr develop our molket leading Proth$ ITh employment and dtserirninatiofy health and wellkin8 D¢vclop And QTganisation that 18 seen a& a bighly valued and tsusted parth¢r both within N¢wport b¢yon4 whosc achievcments are re801d and cxlebrat¢d Ensuting our organi5ation is robujt iti its govemonL%, stsuctures and 5yBtern8, foard thinki08 and 8UStainable - Ensure w¢ are located in witable, *Ssible premi8es srRUCTURE,LOVERNANCE AND MAIYAGEMENT Governlng document Newport Citizffl Advice Also l(nown 05 Newport CAtizenB Advice, is & re818temd charity and a company limited by 8uarants¢. The chBTity is 8overned by its Memorandum and Articles of AsxKialion Rocrultment And Appolntment of new trustees The charity actively seèks new ttust¢¢s from the geyjeral public, uscrs of the service and appropriate organisations, via dir¢ct contsct and distribution of promotlODal Mat¢r15. Thist¢C5 are seleclcd on the basis of the skills, knowl¢ds¢ expcrience they ar¢ able to brin8 to th¢ or8ani3Btion. OrgantsalloDal structure l)verall respcnsibility for the management of the bureau rests with the Tnts Board which is responsiblc for setting the strdtegic direction of th¢ organisatiOD and the policy of the charity. Board membcts arc both thRTity tsustees and comparty diredor8. The trustees carry the ultimate T¢5pon8ibility for the Conduct vf the bureau and for ensvmg that the tharity satisfies its legal and ci)nltactueJ obligations. Trnstees rnceting 88 a qu&rtuly. Day-to4ay operation81 responsibility for the organisation is delegated to the Chief ExeLutiv¢ Officer. Remun0 of all staff, including key nwiagement persormel is set by the Tn Board in line with Lttal Authority pay scales and market ratcs withsn Citizens Advice the kn1 ar¢a. IDdllction tralnlDg of Dew trnstees Newly apIllted trust¢e8 are provided with a COmPTEhcn5ivc induction to the bureau throu the provision of induction mataial, training eourw and mcntOTing by csiablished trustees. The Charity adopts the policies nd procedu produced by CitiZeDS Advice
Report of th&JDtee8 for 31 MaLL025 STRUCTh, GOVERNANCE AND MANAGKMENr Wider network The Lknrity is & member of Citizens Advice, a nationwide uothlla organi8ation for all IOCAI Lilizens Advlce in the UK. wllich provides a framework for ¥tsndards of advice and casework. management as well monitoring compliance with thes¢ staadards. Risk mxllllgement The principal risk to the Charity is a clwig¢ in its cutteni fiding. Performancc is s¢nititlised by the Board of Trustets to ¢nsure n]aintenancc of cUent fiMdll. The Charity activ¢ly ¥cck8 lo diversify its funding Sources. Both internal and externa] risks have been eVUated and stepi t8ken to Mitigate thcs¢ risks. Jniemai risks have been mIl¢d by the developm¢nt and impl¢rnentalion of sound financial Ld other procedureB. External risk been addressed by diYersific&tion of our funding bage and promotion of Ihc b¢nefits of the se1¢C w¢ offcT at a local and regional level. REFERENCE AND ADMINISTRATIVE DETAiLS Reg15tered CompAny number 06030995 (EnglaLd Wal¢s) Rc8tstered Charlty Dumber 1118855 Reglstered office 8 Corn Street NP20 IDJ Tru8te89 Mr C J Lasi (appointcd 1414125) Mr D b" Reed Mr A Blackniore J HWTLS MrJDHin¢ Company Setretsry Mrc SLane Alldltors Ashmol¢ & Co Fit Floor I St John's Court Upper Fforest Way Entetprisc Park SA6 8QQ Page 6
Newnort CAB for the Yejr Fded 31 M8rth 202S Key Manxgement Personnd C S La. Chief Offi¢er S Collis- Ruowces Manager R Hustler- Spccrdlist S¢rvic¢s Manager (Until 0411012024) D Miliken- G¢ncTalisi Services Manag¢r Bankers Unity Trust Bank PLC Nine BriJdleypl8ce BI 2HB STATEMENT OF TRUSTEESI RESPONSIBILrriLs The tntheeg (who are also the dirccti)rs of NeWrt CAB for tbe purpose8 of company ]aw) aTe responsible for preparing the Rcpori of the TTUStee8 and the financial statements in a¢et)rdance with applicable law and United Kingdom Accountm8 Staodprds (Uoit¢d Kingdom GcncTally Ac¢ted kncountiny PrnCti). Company law wuires th¢ trustees to prepar¢ finallcial staternent8 for each fmancial year. Under that law. the trustccs have elecled to pttpare the financial ¥18lcm¢nts in a¢cordaD¢e with Uniled Kingdom Generally Accry)t Ac¢ouoting Practic¢ Iunited Kingdom Accounting Stsndard6 and applicable law). Under company law the tnte¢S mwt not approve the financial statern Unless they are sa¢isfi¢d that they givc a Irne and fair view of the state of affairs OF the charitable company and of the in¢ill8 rtsourc¢s end application of reSoUrs, including tlle incom¢ Bnd expenditure, of the charitsble cornpany for that p¢riod. In prying those fmanckal ststements, the trustecs ar¢ required to 5ele£t 8Uitable accountAAg polici¢s and then apply th¢m consisi¢ntlyg obscrye the methods and principles in the Cljarities SORP. make judgenThts and estimates that [¢)nable and pnmlent. prnpatt the financial statements on th¢ going concern basi8 wll¢s8 it is inappropriate to prnume that the ¢haritsbk company will continue in busine88. Thc tru8tce8 are responsible for kwing proper accounting i¢cords wlLich dixlose witb r¢a8onabie accuracy Ut any lime the financxai poBition of the charitftble company and to enable them to ¢n8ure that tlLe financial tstcments cornpty with the Companies knt 2006. They ar¢ also spOnsIble for safe8U8rdtng the assets of Ihe cbaritsblr company 2nd h¢nG¢ for takios reasonabk gt¢ps for th¢ prevention and det¢ction of hud and other itre8ularities. In 80 far as the trustees aware: there is no relevont audit inf0MtiOn of which thc charitable wmpanys auditors 8rc UDaware' and the in8 have taken all steps that they ougbt to have taken tty rnAke themsdves aware of 8ny relevant awjit infortrAtion ar to ¢Stabli8h thÈt the auditw are aware of that InfOrnO AUDITORS The auditors. A8hmole & Co, will be pnw08ed for re•aFyointment at the foffhcoming Annual General 2411112025 Approved by order of the board of tru8tees on ... . . .. and 5i8ned on its behalfby: Page 7
Report of the Trnste Page 8
Rcport 0fthS]Thdqt£tht0 to_thF Mwnb..ryi of Opinion We have audiled the fmancial statemcnts of Newport CAB (the 'chaTitable company,) for the year ended 31 March 2025 which comprige the Statenxnt of Financial Activities, the Balance SheeL the C&8h Flow ststement and notes to the financial statenwjts, including a surnm of sigDifiLant ating policics. The finatL¢thI reporting )kncwoTk that ha5 brul appli¢d in thcir prcparation is 4)plicable law and United Kingdom Acwunting Standards (United Kingdon) Gcncraily AGGepted Accounting Pr8Ctice). In our opinion the financial st&temellts." give a true and fair view of the state of the clwitabl¢ wmpany's affair8 at 31 March 2025 and of its inwmiug rQU[ and application of resou IlUding its in¢om¢ and cxpwdibjre, for the year tlwn have been properly prepar&1 in 4gcordaD¢¢ with United KIn8d0 Generally Accepted Arunting Prnctic¢' have bprepared in 8ccordanc4 with the requirements of the &)mpallies Act 216, Basli for oplDlon We conducted our audit in a¢¢ordall with JntcrnknD41 Standard$ oa Auditing (UK) (ISAS (TJK)) and applicable law, Our r&8ponsibilities under thos¢ st8lld are filltbet descJib¢d in th¢ Audito sponsibilities for the audit of the financial ststenwnts section of our report. We hre independent of the charttabEe company in accordance with the dhicAI requirements that are r¢l¢vllnt to our audit of the financial statem¢nts in th¢ UK including the Flic's Bthical Standard, and we have fiilfill¢d our other ethical responsibilities in arror(l with th¢ rquirements. Wc bclieve that tbe audit evidence we have obtained is sufficient and appropriate provide a ba818 for our opinion. Conelwlons rdatlng to golng eoneern In auditing the financial stalenwnts, we have concluded thai the trustees, use of the going concern basis of 8cc(KJntios in the preparation of the financial statements is appropriat¢. Bed on the woth w¢ hav¢ perfornied, we have Jot idtIr1ed any material uncerttICS relating to ¢ntS or conditions tha( indtviduolly oi collectively. may ¢a5t siunificant doubt on th¢ charitable wmpany'y ability to niinue as u ¥oill8 conccrn for 8 p¢fRod of at least twelve rnonths from when th¢ financial ststements are authori8LyA for i88UC. Our responsibiliti¢8 and the r¢$ponsibiJits¢8 of the trust¢¢s with r¢spe¢t to going conwn are d¢smbcd in Ihe rel¢vdnt sectionB of this rort. Other InfOrntIon The tnwees reswn8iblc for th¢ othcr inforni8tion. The other infornjation comprises ibe Infontion included in the Annual Report, other than thc firnCial statements and our Report of the Indep¢nd¢nt Auditors therton, opinion on the financial ststem•S (k)e8 not wver the other inforniation anl except to the extent otheLWA8e explicitly stated An our repoyL we do not express any fomi of assurance conclusion th¢reo In connection with our audyt of the financial statements. our responsibility is to road th¢ other infornution io doing so, consider whethcr the other inforn]ation is materially inwn8iStent with thc fula1 statem¢nts or our knowledge obtsined in thc audit or otherwise appcar5 to be materilllly mi8ststed. If we id¢ntify such material inconsisteThcies or appaTeJ)t matcriaj misstatements, 'C 8rc requiT¢d to dcternline whether this gives rise to a material misstatement in the financial slatements thejcLves. If, based on the work we hav¢ perforn]e4 we conclude that there is a material misstatement of this other infornlati0 we are TequiTed to rqyort that fact. We have nothmg to report in this regard. Page 9
Rewrt..of.the Inaep*it Audi.JbÉmber5 of Opinions on other matters prescrlbed by rthe CompAnle5 Aet 2006 tn our OPillio based on the work undert&en in the course of the audit.. the infornialion given in thc Report of th¢ TrustKs for the financial yrar for which th¢ financial 8ta1Cm are prepared is CODSiStent with tkc financial statemen. and . the Rcwrt of the Tn]stees has beenpwar&l in OrdnCe with applicable kgal U]rements. Mxtt¢n on whl¢h we are r¢qulred to report by exceptlon Tn the ligbt of the knowledge and uThdetsdll of the charitable eA)rnpany and its environm obtained in tbe course of the audi¢ we have not identified matsrial misstatements in the Report of the Tnte¢s. We have notbiug to rewrt in rcspect of the following wher¢ the Comp8nies Act 2006 [C<1r¢S us to report to you if, in our opinion: . adwie accowiting records h3Ve not been kept or teturns adeqUt for our avdit have not been receiv&1 from brancbcs nol visited by us: or the fanCIal statemeuts are not ID Hgr¢ement with the accounting records returns: or . certsin di5c108ure8 of tru8tCe8' remuucration Sped by ]aw not made; or we bave not receiv all th¢ inforn)ation and explanations we require for our audit; or the tTuslee8 We not entided to take advantage of the small Compani exemption from the jtquirement to prepare a Straiegic Report or in preparing the Rert of th¢ Tnth. Responsibilities of trustees AS explain MO fully in the Ststement of Tnmea, Responsibilities, the tsN8ttt8 (who are also th¢ dire¢tors of charitable company for the purposes of company law) are resp)nsible for ihe preparntion of the fiDan¢ial stat¢mellts and for being satisfied that they give a ttue and f8ir view, and for such internal control as the trustees det¢m]ine is necessary to enable the prep8rati(m of fin8n¢ial statan¢nts that arc free fivm material misStatem¢nl whether du¢ to hud or ¢rror. In ptep8riog the ruwla1 statsnThts, the tsv8tees are respoJ)sible for I$$18 thc chRrit2ble compauls ability to continue as a going concem, disclosin& a5 applicabl4 matters related to 8oiog concern and using th¢ going concern basis of arcounting unless the trnst¢C8 either inId to liquid&t¢ the clwitable conwaThy or to ceas¢ operations. or have no reAIisti¢ alternative blll tu do so. Page 10
Report ofthe JodepA)dent Audi.tw to.thoMAknf Our responsil)illties for the audlt ofthe finandal statements Our objectives are to obtain Teasonabl¢ assurancc aknut whether thc finonciAi statements as a whole are frec from n]aterial misstatanBn¢ Whet1 due to fiaud or orror. and to issue a Report of the Independent Auditor¥ that include8 our opijJioL R¢asollablc assurance is a high level of assurance, bul is nol a guarn¢¢ ibat an audit conduct¢d in accorthce with ISAS (UK) will alway5 detect a mterial mi&statemenl when il cxists. Misstat¢m¢nts can aris¢ rid QT ernr and are consided nrial A£ indiv1thIly or in the aggrewat¢. they ¢ould reasonably be cxpccted to intlu¢¢ the economic decisions of users taken on the basis of these fmancial stakm¢nts. The ext¢nt to which our proRdutcs wtc capabk of d&ecting itregularAtie8. includin8 fraud 15 dethibj below: Irregularities arè iastallces of lDCOmp]iance with law8 and regulations, The obJ1veS of our audit a to obtain sufficient appropriats audit evidcncc rcgarthng compliance with laws and re8u]alions thal hav direct efftct 00 the detemiination of material amounls and disclosures in th¢ finan¥ial statemellts, to EKrforni audit procedure8 to help identify in$tan¢¢s of non-cimjpliance with other law8 and reguliiions thut nuy have a material efft¢t on the fuwieial 8t&tement, and to r¢Snd appropriately to identified or suspert nOll*¢¢)mplion¢e WAth laws And re8ulaiion8 idenlifi¢d during th¢ audiL In relation to fraud, the obje£tTve8 of our audit gre to identify and a88eSS the risk of matsial misststemenl of thc financial statements due to fraud, to obtain sufficient appropriate evidence r¢8atdin8 the as5e3Bed ri8k8 of mRteriaI mis51atement duc to fraud through d¢5igning and itnplemeating appropria1¢ r¢spon8es and to respond appmptlately to fraud or su8PPKtryJ frxud identified dutiDg the audAt. Howcvcr. it is th• piim&ry responsibility of management. with the ovosigbt of those char1 WAth governAnc¢, to ensure that the entLty'S operations are conducted in a¢cord8nee with the provisions of laws gulatio[ and for the prevention and d¢teciion of fTaud. In identifyAng and 3¥yessing ri3k8 of MatsrI mis5tatsment in re5PCCt of iTregularitie$, iDcludiD8 frau4 the audit engagement &M.. - Obtained under8talldin8 of the natuTr of the indu5ty and se£tor, including the legal and regulatory fi8mcw.ork that the ¢oznpaDy operates in alld l)ow the company is complyin8 With the Icgal and regLdatory frameivork,. inquAred of management, and thosc Charg witli govcrnall, about the£r own 1(klltifatl0ll and assessmen1¥ vf th¢ risks of iIregUiti inrluding ally kDown tual, 8USP4¢ted all¢ged instance8 of fraud; - discussed m#Lters about non.complian with jaws and r¢gulations and how fiaud might occur iticludingassessment of how and w1C thc financial slatements may be swcepiible ts) fraud. As a result of these proc¢dureB we considcr the most significant laws and regulatiolls that have a (br¢ct impact on th¥ financial statement& FRS 102, &nd the Companies Act 2006. We perfomied audit procedures lo d¢t¢ct non-mpliance which may have a mateTial impact on the fina1&1 statements which iluded reviewing finiuwiAI statement disclosures. The audit eiigd8ement team identified the Tisk of managemznt override Df controls as thc aTC& m.herc th¢ financial statcnlcnts were most SU5rytsble to material misstst¢ment due to fiaud. Audit procedures perforn]ed itL¢luded but were oot limited to tcsting manual journ&l entries and other adjuslmeDts and evaIuating the business rational¢ in relation to any stgnificon¢ unusua] traDsuctions atul transactio9 entered into outside the nomiAI COUT8e of business. A f(th deSiPtiOn of our responsi11]tieS for the audAt of the financial statements is located on the Financial Reporting Council's website at www.fr¢.org.uWauditorsresponsibilitie8. This description f(n part of our Report ofthe tndepeDdellt AuditOTS. Pug¢ Il
•. of th¢ ind¢peOdetyJ.btr.jrs to the Mctnbers of Use of our report This rep)rt is mode solely to the ch&itable conwanys mcmbers. as a body, in aLXOtthct with Chapter 3 of Part 16 of the CompaDi¢S Act 2006. Our audit WOTk bas been undeth 50 that w¢ might stat¢ to the Charitable company's members those matters we arc rcquircd to state to them ill an auditw¥' report and for no other purpose. To th¢ fullest tellt perniitted by law, we do not accept or assume responsibility to anyone other than the ¢lwitable company and the charltable compan8 rncmbers As a body. for our audit wort for this repo¢ or for the opinions we have fornied. s Ice4E Sfimantha Keith Bsc (Hons), FCCA (S¢nior Statsttory Auditor) for and on behalf of Ashmole & Co First Floor I St John's Court Uppes Fforest Way Enterise Park Swansea SA6 8QQ 12112 1202b Page 12
Ststenmt of FInGIalyi.tICs the Y&aT Pded 31 March 2025 2025 2024 Totsl fidS Notes INCOME AND ENDOWMENTS FROM Donations And legacies 127J74 127.374 127,215 Charltsble aetfvilies Specialist Advice 190,000 507,079 723,126 697,079 723,126 642,749 712,645 Othertredin8 activities Invest* income 800 526 524 524 Totsl 317,898 .230,205 1,548,103 1,483.935 EXPENDITURE OIY CIEarltAble aetlvltles Specialist Advice G¢ncraLtst Advice 507.079 728.038 507,079 1,031,276 701.096 833332 303,238 Totsl 303,238 1235,1 17 1,538,355 1.534,428 r ll¥COMEI(EXPEIYDITURE) 14,660 (4.912) 9,748 (50,493) RECONCILIATION OF FUM)S Totsl fillhds btOU8ht fonv8rd 555,188 4,912 560,IC 610,593 TOTAL FUNDS CAIUiTED FORWARD 569,848 569,848 560.1(K) The notes fonn part of these financiat Statsments Page 13
Bakn Sl 31 M8rth 2025 2025 2(124 Tan8ibk assets 13 30,742 30.742 23,871 CURRKKf ASSETS D¢btor8 C88kn at bAnk 14 110.724 $34.719 110,724 534,719 87,IXII 533286 645.443 645043 620287 CREDITORS 15 (106J37) (106,337) (84.058) ET CURRENT ASSET8 539,106 539,106 536.229 TOTAL ASSEVS LESS CURRENT 569.848 569.848 56),100 NET ASSETS 569,848 569,848 560,100 FUNDS Unrestri¢tsd fimds 17 555.188 4,912 TOTAL FUNDS 569,848 560.1 These fllw¢ial 6tat¢mellts hav¢ b¢en prepad in accorda with the provA8ion8 applicable to ¢harilabk companies subject lo the Brnall cornpaDie8 rewie. XLtr / I I 120% S.... and were si81 on its behalf by: )F ReLd.. ThLStee Mr A Blacknx)K . Thtstee The notss foDn pth of these financial slaten Page 14
Qash Flowl&tsent for the.year Ended 3 LIQat 2025 2025 2024 Notes Cash llows from operatlng acthdtles Cash gwatedfrom operations 19.617 2.635 Net (ash providedby opcrnting activities 19,617 2.635 Cath fiffft from Investlng aedvltieg Purchase of tangible fixed ass¢t8 Sak of tangible fixed aSBets Inttt¢st r¢ceived (19.196) (13,919) 524 526 Net cash uscd in Allvesting activities (18,184) (13,393) ch[e In eagh And (h equivalents In the reportlng perlod CAsh and cash equlvalents At the beonnlng of the repoTdn% perlod 1,433 (10.758) 533286 544,044 Ch cuh equivalents at the ¢nd of the reporting ptriod 534,719 533,286 The notes forni rt of these financial sl8t¢ments Page 15
NOt0 thaSh Flow StatemqLt for the.X¢.ar Ended 31.March2Q25 RECONCILtATION OF NET INCOMEI(EXPENDTfuRE) TO NET CASH FLOW FROM OPFRATING ACTIVITIES 2025 2024 Net IDcome/(expenditure) for the reporting perlod (aj per tILe Statsnwit of FlnAnelal Acdthes) Adjustments for: Dwreciation ¢haT8e5 Interest received OllcreaseydecTeas¢ in debto tncreasol(decrease) ill crcdltors 9.748 (50.493) 11,837 (524) (23,723) 22,279 12.364 (526) 53.432 (12,142) Net ea¥h provided by operAtloni 19,617 2.635 ANALYSIS OF CHANGES IN NET FiJNDS At114124 Cash Aow At 3113125 Net c4sh Ca8h bank 533,286 1,433 534,719 533286 1.433 534,719 Total 533,286 1,433 534,719 The notes fornipHrt of these financial 8tatanffl Pw16
NwortC.AB Notss tQlbe FiJwial_sthÈm.ent6 fo.I.thLY¢arn3I M4rch2fj25 STATLrroRY INFORMATION Newport CAB is a registercd ¢haTity and wivate compaay lirnitrd by Buarantee having shar¢ capital. Mernbcrs bavc a8teed to contnl)ut¢ £1 in the event of a winding up. The eompany is inwTporated in Wales in the United Kmgdom. Th¢ registered office is 8 Corn Strect, N¢wport, NP20 IDI. The natsre of the companS op¢sations and principal activiti is disclosed within th¢ Report of the TLWtee5. ACCOUNTllYGPOLICIES B8818 of preparlng tbe fillAlld $tateDJents Th¢ financial statern¢nts of the ¢hari(able cornp&ny. wbich is a public ben¢fit entity under FRS JO2. bave been pryared in accordance wilh the ChaTitie8 SORP (FRS 102) 'Accounting and RcportiDg by Charities: Statement of RCcomolldLIJ Ptice 4)plicable to chariti¢s preparillg theii accounts in atrA)rdance with Financial Reporting Stsndard applicable in the UK Republi¢ of Ireland (FRS 102) (CtiVe I Sanuary 2019),, Financi81 Keporting Standard 102 The Financial Reportin8 Standard 8pplieable in the UK and Rcpublic of treiand, and the Corn1 Aot 2006, The fmall¢i ststem¢nts have b¢¢n prepared llnder the histori¢41 cost Convcntion. Gokng coneern Tr tTU8tres hav¢ SeSSed the abilty to ¢ontinu¢ as a going nCellL The charity b&8 ao extemal borrowin85 WMI maTTiaw ic8 activities with p08itivt iinr¢8tricled Th¢ tru5ttrA r¢8ularly review and manag¢ short.t¢mi fluctuations in iaoxnc stThnts and have establis1d a miniznum Icvel of fre rescrve8 to allow for such tluctuations. Thc chwity's forncas18 2nd proj¢ctioTAS show tbat the ¢hwity sIuld bc able to ¢ontinu¢ lo op¢rnk and is well placed to manage risks successfijlly in the Coming 12 months. Tr tnstees, ther¢fore have Pd reaBorAbl¢ exp¢¢tation tbat the charity has adequal¢ re50urces to continue ill operntion41 existe¢ for the foreseeable future. A¢cordillgJy, they continuo to Adopt the goAn¥ ¢on¢em blS of ac¢ounting in prep¥ring the5¢ fuwicial st*nents, Ihcome All inc¢mc is reCOlS¢d in the Statem¢nt of fiinan¢iai Activitid once the ¢]wity has emitlement lo the fiwds, it is ptobab16 that the income will be rcc¢ived alld the amount ¢an bc mea5UTed reliably. This incluth8 capitsl grts. Donations and L¢s8ci¢s incomc includes donations. Sifts and grallts that provid¢ ¥ore fimdin8 or arc of a generni natLwe recognised whC there is cniitlemeDt, probabilily of receipt and the amounl can be mea5ur¢d with sufficient reliabilily. Such income is only d¢frrd when the donor specificy it must be used in future accDunting periods or the donor h88 imposed LY)nditions wbich must be met before the chatity ba8 u]OnditionaL entitlemenL Incon from chAritablc a¢tivitie8 inchmles income r¢ceived under contract or wh¢re entillement to gmt fimding is subject to Specific p¢rforne CODditions. The iDcome is Tccogtllsed wher¢ there is entill¢ment. when the recekpt is probable and awK)unt call b¢ mcasua reliably. Incom¢ is deferrcd when the atnounts received Are ID &dvance of tl]e p¢rf(rnce of tbat servi¢¢ or ¢v¢nt to which they relate. Page 17
the Finansial StsemeDts- conthed foJr ie Y¢Jr End¢4 31ab2025 ACCOUNTING POLICIES- eonllnued Income tncome fmm other tradiDg activities is rOlSed as tbe related services are providcd and there is ¢ntitlement. probability of receipt and the any)unt can b¢ measuted with sufficlent r¢EiabiLity. Ino)mc is deferr when th¢ amount& received are in advance of the delivery of the servicc or event which it Investmcnt iocome is recolS¢d on a reccivable basis. Expelldlture Liabilities are Txognised ps expenditiwe as s)n as tlre is a leBal or CAMLqtructive obligation Committing the charity to that eX[l.tUre, it 18 probable that a transfer of economic benefits will be required in settlomellt and the amount of th¢ obii8atioll can be measured relikbly. Expenditure is counted for on &n occruals basls and has been Classified under he&din8s that asgtvgate all COBt related to the Category. Where costs ¢Annot be directly atiribut&4 to particular headings they have bc¢n allocat¢d to activitics on a basis consistent with the use of s0C¢s. Expenditure on charitable activities lpriseS those incurrc41 by the chgrity in the delivery of it's activAties and service5 for it'8 bcneficiarie8. It includes both costs thRt C4ll be allocatcd dirtlY to Buch activities and those c08ts of an indirect nature to 8UPPOrt thcnL Support costs are those costs that, whilst ijecessary to deliver an activity, do not thcrnlV¢s produce or constitute the output Of the charitable activity. This includes govemce costs which are those osts &s¥ociated with meLting the constitutional and slatutory requirements of the charity and include the acwutancy fecs 8Dd costs lit]k&l to the strngA¢ managom¢ot of th¢ charity as well a8 a proportion of salarie8 b&8] on approximation of time spent in this a Expenditure includes any VAT which cmnot be fiY recovered and is reported a8 PArt of the expcnditswe to which it relatcg. AlJoc&tlon and apportlollment ofcoJt8 All costs are allo¢ated between the expenditure catsgories on a basis designed to reflect the use of the reuource. Costs T¢lating Lo a particul8T tivIty atE allocated directly: others are apportioned on an appropriate basis. Operntin¥ leaae commltments Rentals appli¢abEe to opcratin8 le&8es where sub8tanlially all the ixnefits and risks of the ownenhip renmin with the lessor are charged against profits on a straigbt line l)asis over the period of the lease. The benefits of the le incentives are recognis¢d in the profit and loss aceount OV the Ic&se ptriod. Tanglble fixed assets Depreciation is provided at the following atjnual rates in order to write off ea¢b asset over its cStinted eful lif¢, Fixturcs & Fittsngs uipment 200/0 straight line 2511/0 straighi line Page 18
NotrLtQJh&FiD4n¢ial.SttrweDts..mAty. e foth Xear Eud¢d.3.l Mah 2025 ACCOUNTLYG POLICIES- cOntlled TatIon The cbatity is exempt from COTrOMion tsx on its ¢haritabl¢ activities. Peosion colts alld other pt-rthejettt bener The ch8Titable company op¢rat¢s a defiDed Contiibiill pension s¢hem¢. Contributions payable to the ch8ritsble company's ponsion Scheme are charged to the Statement of Financial Activities in the period to which they relat¢. iandal Anstruments The clwity only has financial a&8ets and flljancial liabilitie8 of a kind that qualify basic fiDaucial insknts. Basic fin4ncial instnllnents are initially teeogttied at transaction value and subs¢quently measured dt their settlement vo]uc, Debto Trdde and other debtora are Tonised At the s¢ttlem¢nt arnount due Blld PTepaymeDts are valued at the aTnount prrpaid. Cr¢dltor8 credito ar¢ recogni5ed Whe the charity has a presenl obligation re5ultiDg from a past event that will probably re8ult in the tronsfer of funds to a third parly and the amount duc to 8¢tt1¢ the oblwiion con b¢ measured or e8tinMted reliably. Creditors and pmvisions are n(Jnnally reco8nised at their tt]cm¢nt amount after allowing for any trade discounts due. Fund 8trueture Unre4trlcted fuuds Unrestticted fimds ate donation5 and other incozning resources re¢eivable or Beuerated for the ubJts of the cbarlty without fiwther SPlfied Purpose and are available as general fLth. De51gnAted funds Designatcd fimds are created at th¢ discretion of the bo1, RestrActed thnds Restri¢t¢d funds ttre to be used for BepcifiG purposes a8 laid down by the donor. Expenditure, NNthich meets these Criteri 18 charged to the together with a fair allocation of 8UPPOn aDd govcrnance costs. Page 19 Lxtr Atioued..
Nots to the Fi1CIal S_tatemetsn - continur forlbe Endd 31 M8rcha025 DONATtOlYS AND LEGACIES 2025 2024 125,701 1,673 126.046 1.169 127,374 127215 Grnnts receive4 inchthl in the th)v4 are follows: 2025 2024 Newport City Council - CoTr Grnut 125,701 126,046 OTHER TRADING AcfiviTIES 2025 2024 Shelter Cymm - Servic¢ Charge 800 INVESTMEN'f ll¥COMX 2025 2024 D¢posit ac¢ount int¢rest 524 526 INCOME FROM CHAIUTABLE ACTIVITIES 2025 2024 Activity Specialist Advi Grants Aneurin Bevm University Health Board Grants Newport Cty CouDCiI- InforniatioD. Advice & Assisthnee 507,079 452,749 Specialist Advice Goneralist Advice 190.0 623,126 190,000 611371 Generalist Advice iOO,(XK) 100.274 1,420205 lJ55,394 Grants r¢ocived, included in thc thive. ate as follows: 2025 2024 Newport City Council W¢15h Govenllnent Citizens AdvicelMoondAllC¢ Foundation Il3,951 793.776 41,479 59,574 884,269 4J,479 Cauied fotwatd 949206 985,322 Page 20 ¢ontinue&..
NLtey to the FiognciaLStatsoienLeontinu for the YcgLEndd.31 h2Q25 INCOME FROM cHARABLE ACTIVITtES- ntInUed 2025 2024 Bmught forward NCN - East and West Clustsr Citizens Advi - Energy Advice Progrdmme Citizens Advice- Ener8y OUtr.b Project Ths¢ll TTht Citiz¢Ds Advice 949,206 985,322 13,51KI 20,650 39.656 5992 37,135 13,219 17,245 113.400 1,130,205 l.065,120 CHARITABLE ACTIVITIES COSTS Support Costs (see note 8) Dirtot Costs Total8 Spxialist Advice G¢n¢r8list Advice 470,630 931,448 36,449 99.828 507,079 1,031,276 1,402,078 136,277 1,538.355 SUPPORT COSTS Govcmanc¢ ¢osts Depre¢iLtion Tots18 Speciali51 Advi¢e ciieTrlist Advice 28,168 56.371 8,281 20,383 36.449 99.828 11237 11.837 84.539 11,237 11.837 28.664 136,277 NET INCOMEI(FXPENDITURE) Nct incomel(expanditUTe) is stated after char81n{CredIll08). 2025 2024 Auditors, remuneration Auditors, renmneTation for non audit work Depreciation - owned assets 7,166 2.396 11.837 5,016 2,417 12,365 Pagc21
Loles to e.Fin9ThOlal stsrtw.- conVed for th¢ Yw End¢31 mAh 2.Q25 IIX TRUSTEES, REMUNERATION AND BE1¥Ts Thcr¢ werr no trtee8, remuneration or oth¢r benefits for the year ended 31 mAh 2025 nor for the year ended 31 Match 2024. Tru$te¢s' expen F.xp¢nseB were paid by thc ¢harity on b¢half of one tntee durillg th¢ year of £104 (2024.. £184 to onc tru8te¢). 11. STAFF COSTS 2025 2024 Wages and slllaries Social security costs Other pension KistB 1,072.787 92,022 82989 1.071,869 92,014 85,934 1247,798 1249,817 The average monthly numbw of ernployees ding the y¢ar wag as follow8: AV¢e numb¢r of full time staff Avmge nuTnbcr of part time staff 2L125 21 17 2024 23 20 38 43 The number of employees wh08e 3mployee benefits (ex¢l ¢mploycr pension costs) ¢xCeed ,UOO w&s: £60,001- £70,000 2025 2024 The total key rnanag¢nt perSOrcl remuncration bcncfits duriu8 thc year was £209,310 (2024: £224,385) contitiued...
NOt0 theLinanoLstaients . c4)nlilliied for ts YEnde3.7 mh 2025 12. COMPARATIVT,S FOR THE STATEMENf OF FJNANCIAL ACTIVITIES Untcstriot¢d Restricted fjJnd¥ fullds INCOME AI¥D ENDOWMEIYTS FROM Donations and legacies 127215 127215 ChArknbk aclmtle Specialist Advice G¢n¢rntist Advice 190,(KX) 452,749 712,645 642,749 712.645 Other trading activities Investment inc4)me 8(M) 526 526 Total 318,541 I,l65,394 1,483,935 EXPENDITURE OIY Charltable activlti Specia]isi Advice Gener8]ist Advice 246.986 95,856 454,110 737,476 701.096 833.332 Totsl 342,842 1.19J,586 1,534,428 NEI. INCOMEI(EXPEIYDrtURF) Traa8ferJ between funds (24,301) (9,743) (26,192) 9.743 (50,493) Net movejnent In funds (34,044) (16,449) (50,493) RECONCILIATION OF FUNDS Totsl funds brought forward 589.232 21.361 610.593 TOTAL FUNDS CARRIED FORWARD 555,188 4,912 560,100 Page 23 ¢ontiDucd...
Notes to the Financial Ststem¢llts - coLtinue4 ie Year Eodd 3 IJAarcL2025 13. TANGIBLE FLXEDASSETS Fixtures Computer 4uipme fittings COST At l Awil 2024 Additions Di8PO8als 34,229 93,170 19,196 (27,264) 127,399 19,196 (27264) At 31 March 2025 34229 85,102 119,331 DEPRECIATtON At l April 2024 Cbarge for ycar Elimlld on disposal 26.842 2,302 ?6.686 9,535 (26,776) 103.528 11,837 (26,776) At 31 March 2025 29,144 59,445 88.589 NET BOOKVALUE At 31 Mah 2025 5,085 25,657 30,742 At 31 Marcb 2024 7.387 16,484 23,871 14. DEBTORS: AMOUNTS FALLING DUE wrrHIN OIYE YEAR 2025 2024 Trade debtors Prepayments and alled income I9.(0 68.001 110,724 110,724 87,001 Page 24 continu1...
es Lth¢Lmancial Stslw¢nts. continue forts Y.OLEnW 3 lJlardL2_025. I& CREDrfoRS: AMOUNTSFALLING DUE wrrH]N ONE YEAR 2025 Tr8de crditors Sooial s¢¢urity and other tax¢s VAT 45.751 20.966 6,461 1,552 31,607 21,917 18.488 5,715 12.420 25,518 106,337 84.058 I& LEASll¥C AGREEMENTS Minimum leaK pAytDents under non.¢#nrxllable iJpwatin8 lea%s fall due as follow8: 2025 2024 Within onc y Betw¢en one and five years Io more than five year3 37 JOO Iso,( 32,813 37,738 150,IJ)O 70,313 220,3I3 258,051 17. MOVFMENT llYFUNDS Net movement infiu At 3113125 At 114124 UnYes¢rkted fundj General fiuid Designated fund- RedundAncy costa Designated fimd. Staff foi cost of living supwt 423,77R 90.(X)O 14,660 438.438 90,000 41,410 41,410 555.188 14,660 569,848 Re8trlcted fundj Welsh Governut. Winter Cotxity 4.912 (4,912) TOTAL FUM>S 560,100 9,748 569,848 Page 25
ort IgJ¢s to the Finallcial St&t¢nknt&Jontinugl the YAT En31 Mth2025 17. MOVEMENT JN FUNDS- continued Nel movqllent in fund4 Includ in the above ate as follow3: Incoming Resources Movenxnt resources expended in fimts UDr¢strkled tsDds 317,898 (303,238) 14,660 Newport City Council - Infomation, advice and BSSAStao Help to claim Wclsh Government- Winter Capacity We18h Government- Advicelink Llaim Whal'8 Yours Cittzens AdvAcwMoondanc¢ Foundation- Warmer Wal¢J Farnilies First W¢lsb Governm¢nt- Advice Link Cymru (Generalist Fulld) Welsh Govcmmenl - Advic¢ Link CYMN (SpeciaJi8r Fund) Welsh GovernnKnt. Advic¢ Link CYMN (Other Regions FUTKI) Welsh Govcrnmenl - Advice Link Cymnl (Remote Fund) Welsh Government- Basic Income Piloi CitizeDS Advice - Encr8y Advice i),000 212,675 (100.0) (212.675) (4,912) (4,912) 113,400 (113.400) 41,479 73,447 (41,479) (73,447) 164.862 (164,862) 179,000 (179,IXKI) 85.994 (85.994) 90,999 (90.999) 60.246 (60,246) Citizens Advirx- Core Service DolOn Funding Trussell Tn1 NCC additional fidIllg 37,135 (37,135) 13,219 17,245 40.504 (13,219) (17.245) (40,504) 1230.205 (1,235,117) (4.912) TOTAL FUNDS 1,548,103 (1,538.355) 9,748 Page 26 contxnueiL..
Igotss tLthe Fill?1 Statments: continue 17. MOVEMENT IN FUNDS . ¢ODthiued Comparydtivu for movement In fu]M N¢t Trallsfer5 movement between funds Al 3113124 Al 114r23 Unrertrlctsd funds General fund Designated fid. Rcdundao¢y costs Desi8Thted fund- Staff for ¢0gt of living Bupport 457,822 90.(K)O (24,301) (9,743) 423,778 90,000 41,410 41.410 589,232 (24,30L) (9,743) 555,188 Rwtrlcted Ilumb NeW City Council - Inforn)ation, advice and assiBtpnc¢ Help to claim EU Citiz¢ns Rights Project- Gcnoralist BU Citizens ltigbts Project- Specia]ist Cilizens Advi¢e- Cost of Living We15h Government- Winter Capacity Welsh Qovernrn¢nt- Advicejink Claim WhAts Your8 CitiZer AdvicwMoond#nc¢ FouLthtiOD. Wanner Wales 3,639 (3.639) (730) (1,361) (1,361) (15,000) 4,912 730 1,361 1,361 l5,000 4,912 (5,900) 5,900 (3,113) 3,J13 21,361 (26,L92) 9.743 4,912 TOTAL FUNDS 610,593 (50,493) 560.1 Page 27 ntinued...
Notes2othe F_in8Ki41StatemAIts Ontinue for th¢ ye..EDded1i.ma[th 2025 17. MOVEMENT IN FIINDS. continllol Comparntive n¢tmovement in fuu(b, included in the above are as follows: Incoming Resources Movenxol resources expend¢d in funds Unrestrlthd fuDd• 318,541 42,842) (24JOI) Newport City Council. Infomutson, odvic¢ and assislan HeIp to claim EU Citizen5 Rigbts Project- Generalist EU Citizens Eughts Project - Specialist CitAzens Advice - Co&t of Living Welsh Government- Winter Capacity We18h Government- Advicelink Claitn Whats Yours Citizens AdvicenaoiTrndance Fowldation . Warnier Wal¢s Families First Wetsh Govcrnu]ent- Advice Link Cymru (G¢oernlist Fund) Welsh Govcrnment- Advi Link {Specialisl Fund) Welsh Government- Advice Link CymAu (Remots Fund) Welsh Government - Basio Income Pilot NCN - East and West CIu6ter Citizens Advice - Energy Advice Pr0MMe Citizen5 Advi¢e- Core Service DoDation Fundxn8 TnB¢ll Th 100.274 145.539 16.532 16.532 (103,913) (146,269) {17,893) (17,893) (15,000) (5.088) (3,639) (730) (1.361) (1,361) (15,000) 4,912 10,000 113,4(N) (119,300) (5,900) 41,479 59,574 (44.592) (59,574) (3,113) 164,862 (164,862) 264,994 (264,994) 90,999 (90,999) 61,4] I 13,500 (61,411) (J 3,500) 20.650 (20,650) 39.656 5,992 (39,656) (5.992) 1,165.394 (1,191,586) (26,192) TOTAL FifNDS 1,483,935 (1.534,428) (50,493) Ddgnxte41 lknndi Redundancy costs . thc Board set asidc an aMot ot be used iti the event of redundw costs being Stsff for ¢ost of living 511PPOrt - the B0d set aside funds in antA¢ipation of the extra gtAff needed to support the additional service levels dw7ng the qxts of livin8 Crisis. Restricted thnds Page 28 LThtinucd...
to the FiLanC1tatem¢UQlltiDed .fr thLYr4r. Endedll Mar(b 2.025. 17. MOVEME IN FUNDS . eiiDlinued Newport Clty Councll- FaDdlles FIJTt The aim of this service is to rnaxift the inwrnc of Ghiidrn and familiet? with disabilities, 80 that they don't b0m¢ di5advaDtsged by poverty. Neffport Clty Councll- Informatlon* Advke & Asslstanee This IB B gervice to provide an Advocaoy and Preventativ¢ Sooial C8Te Servic¢ in N¢wport. IAA services are defm¢d under the projcct a$ 8eryices which offcr infomkn and advice relating to a68818 ¢arc and support. Cltlzens Advt¢e- Help to CIAlm All 88r6ernent between The Natsonal A850c110rt of Citiz£ns Advi¢e Bureaux and tbe 1Cl Citi7thS Advice on reIpt of fTmding from The Depai1inent for Work 8nd PrnsiOILq (DWP) to 8&8iYt in h¢lpitig to claim univ¢wl Lyedit. Llnk C¥mnL- GenerAt Fund Citizens Advic¢ ha8 been awardcd Ibnding by th¢ Welsh Government to provide advice services 8cr08s Waleg from Jatsuary 2020 ulllil March 2024. Ncwyort Cktiz¢n8 Advice Bureau have received proportion of th¢ funding allocations relAtiDg to the Gw¢Di Region of Wai&q. Part of the Brant relates to undetpsend on Froat Line Advice S¢rvi¢es that hus been Teallocated to the Advice Link project with the funder8 perniission to Ver the ¢08t¥ of a 8¢nwalistth¢n¢fit8 welfare woIkn. Advlce Llnk Cymrll- Speelallrt Fund Ciliz8 Advice has been awarded fundinB by the Wc18h CvernrntnI to provide advic¢ Aervic across Wale8 from JaMry 2020 until March 2024. Ncwport Lit17A Advice Bureau have r¢ceived proportion of the fimdin8 allocation relatin8 to d¢livery of c[[lOYm¢nt and dis¢rimimation advice acms5 W&les. Advlee Unk Cymru- Other Regiong Citizens Advice has been awarded funding by the Welth Govetnrnt to provid¢ advice seTvi¢es acnyJ5 Wales from January 2020 until Mar¢h 2024. Newport Citiz¢n8 Advi¢¢ BureAU beve re¢%ived a proportion of thc fullding a]location rctsting to the Gwent Region of Wales. Advlce Ljnk Cymru- Remote Citizens Advic¢ has be¢D awarded fim(bng by the Welsh Govenllnent to provide advice scrvic across Wales from JoDvary 2020 until MgTch ?024. Newport Citizens Advice Bureau have received a proportion of the fimding allocation rdating to delivery of empLoyment and discriminati(n advice acmss Wales. aakni Whavs Yours Funding received from Citizens Advice to SUPlKIrt the '¢laim what's yours, ineon]¢ maximisation a1 bellefit take up cwaign, Welsh Governm¢nt- SAF Ba8lc In¢ome Pilot Funding rettivd in support of the delivery of the Basic tncorne for Care Leavers in Wales pilot which is available for those leaving care WI att tuming 18 years of age between l July 2022 and 30 June 2025. Thc programme will provide a I)nthlY payment of £1,600 (£1.280, PAfter t8x) io all eligible Tecipi¢nts cbooging to p&rticipate ID th¢ piJoL Cltlzens AdVi/m00#dnce FollDdation-Warmer Wales Page 29
for Year EJded 31 M_arch 2025 MOVEMENf IN FUNDS - condnued 17. Funding rcccived to eDSW people in Wale8 get the Gn141 viC¢ they ncEd to nwe their ¢ncrgy mwe efficiently and avoid fuel pov¢ty. Chkn8 Advice. En¢Tgy Outregch ProgrAnune The outreach prOe provid additional help for people across Wales WAth energy advicc and athens Advic¢- Core Service Donath)n Fundlng Fundiog rrfeived to provide telephone advice. website aod email &lvicc in general topics acro&s England aTrl Waks. Truuell Tru8t Fundin8 providcd generaj welfare benefit advice from foodbank location6. Welsh Govèrnment- Wlnter Capaeity Funding provided additional supwrt enabling our debt advisers to increase capaclty for a short pffliod. EMPLOYEE BENE OBLIGATIONS The Chlty operates a dcfmed contribution pension scheme. The a8sets of the scbetne uc held separately from those of the charity in IndcpclldctlY administered fill)d& The pension cost tharge represents contributions paid by tIK charity to th¢ fimd and amounted to £82,990 (2024.. £85,934). At th¢ year end there wffe outstandin8 contributions of £473 (2024: £9,431). 19. RELATED PARTY DISCLOSURES There werc no related paty transactions for the year ended 31 Mah 2025. Pa8e 30
Detsibj St4Èment for ILYeaLLndcd 11 MarcL2025 2025 2024 INCOME AND EfiDOwMEs Donatloag 2nd legades 125,701 1.673 126,1)46 1,169 Other sundry incornc 127.374 127215 Other trAdthg aedvhles Shelter . seiCe Charge 800 Inveslment Income Deposit account itit¢rc4t 524 526 Clwat•bl¢ acll 1,130,205 1,065,120 N¢wp*)rt City Council- Jnforn)otion, Advicc & Assistance Aneuriti Bevan University Health Board i 00.000 190,000 100274 190.000 1,420205 1,355394 Total Incomlng re8ourceB 1,548.103 1,483.935 EXPENDJTURE Charltable a¢dvltles W&g Social s¢curity PensioDS Rates and watez tn8ur4nce Rq)airn and mainlenanc¢ Premise5- Outreach room hire staff and volunteer Gost Telephone Printing, postsge, stationeo, Stationey and genernl office Swidry expenses Disbucrnents Training and llferenCeS IT atd ¢omputsr ¢xpense8 caTTi fo£ward 986,411 85.583 77,178 37.764 4,656 4,339 990 9.818 14,604 984,178 84,486 78,904 36.687 4,566 7,3 270 11,935 17,559 20,953 579 802 9.849 38,336 J.291.862 31,177 612 1.201 1.652 18.275 1278,892 This page does not form partof the statulory financial stat¢mcThts Page31
12rtgllcdtthDtt of Financia1 vilios for thc Y¢ar Ended. 31 Mh 2025 2025 2024 Charltabk actfvllie Brought forward SthscriptioDS Publicity and PTornotion Partnership funding 1,291.862 5185 1,27&892 6,485 15 113,285 104.326 1.402.078 lJ98,677 Support ¢08ts Staff ¢08(J Wages Social security Pen8iOllS 74,037 5,522 4.980 75.091 6,022 84.539 87,153 Other co8ts Rent, rat¢8 and waier Imurance Stsff trainin8 Repair8 gnd maititcnan¢e T¢lepbon¢ Printin. postage IT and coniputer expenses Legal and professional fees Sundry expens¢s 2,900 416 880 388 1,305 1,872 3,424 3,269 407 147 658 1,564 2,778 1,628 2,941 54 52 11.237 13,446 Depredatlon FixiuTes and fittings Cojnputor quipment 2,302 9,535 2.639 9,725 11,837 12J64 Governance eosts Wages Social surity P¢nsions Auditorg temunerntion Auditor8, remuneration for non audit work 12.339 917 831 7,166 2.396 5,015 12.6CKI 1.488 I,C()8 5,016 2.417 259 28,664 22,788 Tolai resourc¢8 expended 1,538,355 1.534,428 Net In¢omel(expenditure) 9,748 (50,493) This pag¢ does llot fomi part of the statutory financial Staternts Page 32