Company fegistr"on number.. 07975636 Chanty re91rnt numtJ¢f". 1148C60 CAB Devon IA ¢(Mwy lunrted by gurtaI) fof the Year Ended 31 Mwth 2024 Thompaon Jenner LLP 1 coltOn Cr•s¢ent Exeter Devpn EX2 40G
CAB Devon Contents R•l•r•FKe Administrative Trustees, Re 2to8 Statement of Trnst¢•8' R•SFOn%'Ilbe9 If¢pendent ExaTrwnefs R•pxt statement of Finanoal Adlvrt Balance Sha•t io Statement ol Cath Fbws 11 t•8 to the Finarbcial Ststements 12to23
CAB Devon Reference and Admlnlstrative Details Prlnclpl Offlc• Citiz¢n¥ Athic• Bureau Dix's Fkl Exeter DewJn EX1 1QA Comp•ny R•gl•tr•tlon Ilumb•r 07975636 Chrlty R•oknhtlon Numb•r 11480 B•nk•rn CAF Bank 25 King$ Hill A¥•n Kings Hill West Malhng K•nt ME19 4JQ Ind•p•nd•nt Ex•mln•r Thompaon hnn•r LLP 1 Colkton Cr•sc•nt Ex•t•r Devon EX2 40G
CAB Devon Trustees. Roport The tru¥lees. are directors lor the purpryJes of company law, prsent the annual port tiKJeth vthh the finanoal ststements olthe eharitabTre eompany for Ihe year en¢Jed 31 Mafth 2024 t•thich CLJmply th current statutory r•quiremenis, the chafty's gw)veming dowments and preparefl in accordan¢• with A¢)untIng an¢J Reportrng by Charrties.. Statement of Rectynm¢nded Prathce applicable to thanties prepann9 their accounts in accordanc• wlh the Financial Reporting Standard applicable in lh• UK and Republic of Ir•land IFRS 1021 (effective l January 20151- (Charthg SORP IFRS10211, th• Financrdl Repryting Standar(l aPpIable Jn th• UK and Repubk of Iland IFRS1021 and thts Compan8 Act 2(. The Charty wa8 in¢wated on S March 2012 and 1$ a ¢oMpY limited by guarante8, havHW no shaf• capital Tru•tM• E S Bradshaw ICh"rl M D 8ym• (Tr••$UrI C E Mottr•m G Buc Iregigned 19 July 20231 K Routledge J Collins G Williom8 (rened 5 June 20241 A Akler.We8lak• K McDonald ob¢11¥• and actbvltb•• ObJ¢cts and alms The obj¢t$ of the charty are to any charrtabl• purpow Ihtr publK benefft by the a(Ivancement of t(lUtion. the prolectson and p$317 ol heath and the Tel1 of poverty, Sickness and distr•ss, limrtatson. for the tenefft ol the communrty In D•von and guThounding area8. The aims ofthe chantyarè to egtabli¥h and wovJe and st in prowsth of CrtrLensAd¥Ke Bureau 8•rvic3 and outlets ppIn9 a free. dependent. confidefttkgl and Impartial s•Nie8 tsf advice, informath.on ctyJna•l fty th• pubk. Overall, we use the Natjtywl Leadership Sell.Assessffnt as an annual extemal test of ht)w 11 are doing in meeting our 81ms and obJtth"ves. The ReFQrt by CA natyonally gives us an objective view of how we are perforrning and progfessiThJ. wN"Ist measurry our stsndards of governan. financbal and risk mana9em•ni. To continue to provhle our hfjhly vaw seNce m we need to be frjnded, whth nesitateS us demonslrating Ihal we are relevanl and wr 8erwc•s meet USWs' needs To Ihat end our Slrategy is to ¢ale relevant coUne ¥is¢kn'lrty. is parvy by working successfvlly wilh partner5 and by bwng represented al levant Events. We a an %ti¥• meth ol Ihe Devon SlralegK Partnefship. body ol al authority. public and pnvate t#Jth'e5 We Also m?bnl¥in strrmg rela1$bS wth key players as th¢ NHS. L•1 Govemment. the Police CommissK)nerwith a to entering into wojects and wogramN*s.
CAB Devon Trustees. Report The atn of CAB Oevon a5 3 al entty in 2012. was an imFant ant1 necessary strategy for the indivual Cen$ Adweè office throughout Devon, ¥hKS c(1b¥elY comprise over 30 office locat¥. 210 empbyees and a V¥luaty ¥olunteer lorce of over 580 people. As an txganisatson we do rx)t [r Iha diont saThirth dir•dy h¢)w•ver * form the esgentsal collaborative elements that a benefiaal to the fvnders. partners and individual Cttzen$ Advice n50rtsum membtsrs m Dèb, ult1Y creates the 'Ity lo offw a wthr. mor• ¢ffitrJ•nt, ¢>Jhegiv¢. dnt accw. Th• b•nfrt8 ol th• consub"a arn:. 1. We ¢M¢ra¢t diredy wth laf9e grant lunders aTrJ CLYrtfaL#ually dnlrityjte these grants on agreed fom)ula• to the various applicabk cons¢ykna members. 2. We contract wth m•jtsr proièd fund•rs. wh•rè a fvll. Of part Devon, delvary of s•Ne•8 18 i•qufjrnd by th• lunders and then subcontrad the an¢1 management Sery1c to consortia members. 3. We TrR8sure. monltor and repryt to fvnderj ¥Thl cuc4 rryul•r goryice ddryery riieetwig• wrth the rnknvant sutth)trath•d COn"a m•mbern. 4. W• s••k fvr•Jing str••ms Wt morn than m•rrknf is wilr•a to toyther lo pert¢)m lh• ¢ontracl. 5. We rneot to promote b1 ¥re. ot kedge ¥nd Ihe consorba. 6. W• in¥1 any fr•• unr•8tn"ct•d reserve8 to 8upwt r• inhlall¥•s th• prim• 8im to m••t our ¢xJIkntNe aims ofvthr 8nd more efficnt drrt accegs. 7. W• act 8$ th• votc of Oevon forth• Citiz•n$ Advicè ofit•$ Cwon idtr m•. •nd Prb0 is necessary. plus the voice and Cn(JuitfDr womotirwJ the collective strength olthe consortia's mmbers to wesent and fulure WOJe¢f fvndws. 8. We add v•lue •nd •ddits"¥e 1•r$ io what our ¢onsortw mmbers do at fv $¢ cost. enguring maximum disinbutKJn of the 9rants and prqect fvndirq. to maximige ow ClaC1• charrtabk• focu$ and aims towards dnts. Publlc b•n•fft The trustees confim Ihat havè ttnwlied vnth r•quwem&nts of ••¢on 17 01 the Ch¥ribe5 Act 2011 to have due regard to the Pl1 benefit gtsance Pu1$ed by the Charrty Commi$$1 for EnglarHJ and Wal Gr•nt nwlngpolkl•s The ctre grant from Dtron County Couml is splrt bèfvrten the vwitsu$ kKal olrtts %thith make up the consortium on th• ba&s of an index COmnir the In¢Jex ol m"Ple Dw"vatbon and Iheir $Fethe populations. Th• English Indices of DewvatK)n art based on 37 separate indutors, organiseij acr059 seven distinct Ilomains of depnvalK)n whKh are Clynne. Un9 appropnate wwghts, to calculate the Index of mUpIe Depnvatw 2019 IIMD 20191 as Wl$hert by the Departmtrnt for Communrftts and LLxal Govemrntht. Thes• ¢Jcffiains ar• Income Dewvation." Employmenl DeprivatK)n,' Heath Deprivation and Dk8abilrty. EdLKation. Skills and Training Depmiab"on". Crime." Barrièrs to Hou$irvJ and SeF¥ices.' LNirwJ Env¥onff*nt OepnvalK)n. The IMD is rewsed every S years. The populat
CAB Devon Trustees, Report tists.cs are supplied by the Office of NatjaI Ststistics aThJ rn•t ¢WTent figures are used at th time of creatrng the budget. The specific project grants are allDced btheen the Vaiious okns based on the re58live time and fftsrt SFent by each office on the proied. One office is Klentrfed as the lead office for any pacular project. and they receive an addth $har• of the funding to recognise the addrth)nal W>0 associated wrth thal SponSIbl1ty. CAB Devon secured a r•n&wal and uplfft of wr Core Grant of £500.0) from D•von County Co(tnril to holp fund the generalist service8 tyjr Local Olfi¢•s provide. dewrte Ihe wgnrf&gnt financial sxessure$ the Council ¢s faartg. In additson. a frjrther Ufft of£10.000 was also seojfed tromourAd lorchihjren partners lo continu• to ILM)d our mleId ¢hikJr4n'g Serv. In ad¢rtH, CAB Dthn •eoJred propd funding of a va• of£32S,664. This funding was ach lolkM"ThJ sueus8fv1 bKlding for th fhN1n9 woiect 1. An advice Serv for caiers in need of beneffts 8UPFrf. 2. An adVe 8eNKe lor familk•S o disabled thikl. 3. Support for famil$ wh) att•nd ¢hibr•ft'• ¢entr•s. in pBrtrwship wilh A(on for Chlldren. 4. An inforrnatr'on and advK• e•Nc• <>n health and ¢w• i6•u¢•1•6 ol He•hhw#tth Devon). 5. SUppOn9 D•von C.C. wth fin•naal ¥s¥e95ments for s¢Kial care 6. Supportrng m•mbers wrth allocat ol th H¥VJhj Supptyt fvnd to dkntj in poverty Fln•nel•l rnvl•w Our income ported In thls y•ar wa$ £825,904 ¢orry>¥ed ilh £794.995 in the 202V23 flscal year. Our •xpenditure ind¢xJed some distntrtjt of serveS to support delivw of for ¢hiklren and famili•s. Thi$ èn$ured the overall reserves at year end were in Itnewrth the intendet1 posrtion. at £34,623 the 31st March 2024. Rhk •nd unc•rt•lnty Below are the identffied princy iisks and unc•rtaintKs affeth"ThJ tm ¢harty th 8tr01•gie$ for mana9ing thoee ns: Finance Ilaintain $ufficAnt rew¥•8 and cNers8• a comfflitment for L1 OffKes to help each other funding lost. Eff•¢tsv• deci8kn rnaking.. Enwring the 8oard ha ihe rigrrt o18kills, •xperwru and commftment. Mana9em•nl." RegUr rnonitwFWJ ofoutcrn. Project failure or cessth"on." Id•nbts'ro risk5 befcrf¢ swiirwj & effe(ive monitoring. P0Y on r•s•ms
CAB Devon Trustees. Report The tnjstees Idireciorsl took the deag.on this year to Use fuThJs trom the reseNe to extend service delivery thfough r membefs. in line wth our reserves poly. and to invest in staff training to improve ftrtU income generaty'on This has seen the general reserves figure reduced to £34.263. Our serveS poIKy remains to maintain a level of reserv•s to manage uncertainty. supFKJrt new inits'atives far néw extended ser delivery lti8"Ve$ thrwh the members we represenl. th¢ Ial crtuens offices Ihroughout D•von." and k¥ovth in the unlikely event for th• cost of Klanrd dosure of this consorb'um m•mt•r charity. Ptsnned costs a ISeen as circa £15.OQO and Ihe r•masnin9 £19,0tr) of tsnfestricted funds 1$ ¢onsidered adequate in suppryting the objectives ol the charty. As stated above. our unrestrirted serves for this reported perKJ 0$ at the 31st March 2024 are £34.263. We review thi¥ reserve level annually to ensure th• MaMrn lun¢Js are deployed to provKle the Mrvi¢$ through our members, as was th• case this financAal period. Plan• lor futur• p•rfod• Golng eonc•rn The tru8tee8 have given due CfmgKleratvJn to the ¢urreni e¢ThJmi¢ ¢h"mate and th• •ff•ct this may have on the chanty and finanual statement5 At present. the tru$te$ do not ¢on•d•r rt lo have a matenal impact on the balances induded wrthin the finanual stsi•ments and do not consider it lo cast any gnrfKant ¢loubt upon th• ¢h¥ity• oblrty 10 o)nlltW to op•rat• as a gTr9 concm. 8tructur•, go¥•rn•nco •nd man•9omont N•tur• of9•MIng docum• Th• ¢hgrty is go4• by rts Memornndn and Athles of A••wakn. R•crvltnMrt•nd appolntm•rt ol tW$¢••• Trustees are appoint•d in lin• the lemn and condit9 of the Mem¢Kandum and ArtleS of Association olthe charrty. A tenn ol office 13 3 years and InJstee• may beekthd at Ihe gener¥1 rnetrng, nc¥ninateiJ by memters or ctropted by the tru3tee t#)aT(I. A Trustee is apFKJinted from eath of our Local Offi¢•$ 12 in th of Ttyridge North, W•8t & M Devon) tOwr with Indep¢nd•nt TnJ8t••s cJJN•nUy s•N• as Chair and Treasurnr. Ory•nls•tlon•lstruclurn The day to day management 1$ ¢Mdu¢ted by the Chr. E¢thwna 8radsttav IGov•mance issu•s. ov•rall strategy) and the Business Develcpmenl Managef. Katy"e Carter who overset$ Conlra¢t ¢Jis¢u8$ion8 and bKIth'ng pro•1. Th• Mallhthv Bym• o r•sponbl• for I•r1 manag•mnt. Fln•ncl•l In•trum•nts ObJ•etlv•s •ndpolkl•s Th• charrty's actNltse8 ex$0 rt to a number ol ffinanoal risks Iding cnd¢t risk and liquidty risk. C•sh Ilow rts Due to the natu of the ChaTttab ath"vibes and assets hekl. risk in lation to cash flow is considered to be minimal. with funds bein9 hekl ¢n inslant a¢ce¥s VK bank anIg and our unreslricted re3erYeg b.n9 held In fr•• cash r1 id up fixed assets. Cr•dit
CAB Dovon Trustees. Report The charty's pri¢Kipal financial assets are bank baL4nces. The Cfedit nsk on liquid ft&nds is limrted because the counteipaities are bkS wth hwh ryeditqatings assigned by intemth.onal crethl-ratmg agenoes. The chanty has no signfficant cont*nITal of (xedit risk. Ir¢ ort1er to maintain ItquKlrty to ensure that sUfficnI fvndJ a availaljle for ty)g¢ing op•ration$ ond ftrture devekJprf1l, charrty holds surwus funds in instant access bank accounts. The annual report was awove<l by the truste48 oftho ¢h•rty ( l311[z4 and swned on rt8 beha M D Byme (Trea Trustee
CAB Devon ststement of Trustees. Responsibillties The tru$tees (w) are also Ihe dKedors ol CA8 De¥w tr the PU0$8 of company l&¥) are responsible for preparTrng the truees' report and the finanaal statements in accordance with the Unrted Kingdom Accounting Standards Iunrted knngdom Generally Accepted Accountsng Practice) and applicable law and regulati¢)n$. Company L8w ¥•quwes Ihe trustees to epa financjal siaterTwts for each finanual year. Und company law the trustees must r¥Jt approve Ihe finanual statements uNess Ihey a satisfied that they give a Irue and fai¥ vthv of the stste of affairs of the chartsbk company and ol rts Inrorning resources and applKatson ol regources. induding its income and expendrture. for that period. In pparing these 8nckn315tat•ments. the trustees a reqwred to.. SUrtab tOu"n9 and aptyy them consistentty.. observe the methods and prinriptes in Ihe charr1¥ SORP, make judgem•rt$ and •sbmales thal are reasonable and wudent., State vthether applicable UK Accountirg Stsndards have been fo11tr4I. wi4¢d to ¥rty mal•nal departures disclosed and exp&ined in the finanaal statements,. antj prepare the finanual ststements on wng cwc4m ba5 unless it li irpprolat• to pr•xKn that the tharrtaW¢ ¢¢mpany 11 continue in buness. The trustees are regponsle ts kee9 adgqua¢é a¢¢twrttmg r•¢orth that ar• wfficwnt to show and •xplaln the charttsble company's transath.ons and dtsdose wth reasonab accuracy at any tsme Ihe financial pO$rtn of the ¢hantsble cr)mpany and enable them to ensure that the financial s¢atement8 comY wth the Ad 20Cfj Th•y ar• also responsk safe9uafdin9 th• a$s8t$ of ¢h• •ri¢•b company ond he fof I4n9 feasonat4• steps for Ihe Pfeventth and detection of fraud and otrw inewlanb"•8. Apyov•d by th• tru8te•8 oflh charrty on and wgned on rt• behall by.. D Byrne (Tr Trustee rer
CAB Devon Independonl Examlnèrfs Report to the trusteos of CAB Devon l ieport to thè charity trustees on my examinaljon olth• cOunts of the charity for year end•d 31 March 2024 whiL are set out On Pa9es 9 to 23 R••poc¥ rpOlbilI¢l of tt••3 and •xamlnor AS the chanty's trustees of CAB Devon land also rts directors for the purtKJses ol company lawl y¢)u are r•spon$ible frjr the preparalKJn of IM acLY>Luts m aOrdance wrth the requwements of Ihè Compan• Act 20C6 I'the 20Cfj Act'i. HavirrfJ satisfied my8•N that th aOnts of CAB t)o¥on ar• not fequw•d to bts audited under Part 18 of the 201% Act and are eligib f IrKlèptn(lent examination. l pt in respect of my èxaminalv)n ol your chanty's a¢counts as carried out under section 145 01 th Chanbes kt 2011 1.the 2011 Act'l. In rArrying out my examination I hav fO1d the Direclws gwven by the Chrty CoMmi¥sn under i•¢tion 14515llbl ol the 2011 Act Indop•nd•nt •mIn•$ •tt•m•nt Since CA8 Den,5 gr055 incAJme exceeded £2SO,000. your •xamlnr must be a memtr ol a body listed in secbon 145 tsflhe 2011 Acl I confim7 that l am qtsalrfd to undertake the examination because l arn a member ofThe of Chartered Certffied Accountants, wliich 18 one olthe listed bodie5. I have comWet•d my •xaminthJn. l that no matters have come to my tttitsn in con(on %rfh th ¢xarnin¥tKJn giving me cau•• to bth•". 1. a¢c¢untTrng reco¥ le nol kept in rnSFCt ofCAB OvM 0$ l•quir by lerb 386 ofthe 20C Act, or 2. the acc4Junts do not acc¢yd wth Il#)8• re¢ord$', or 3. th• acc¥)¢Jnis do nol C4Mnply wth the accnting r•qunments Of$titin 396 01tr 20LI3 Ad olher than any r¢guirm¢ni that Ihe acunt$ give a In fair 1$ not o matt•r t>Ilder•d as part of an ind•p•ndent xaminatI., or 4. th• a¢¢ouni$ have nol been prepared In accordart• T•nth th• m•thtyJ8 •rKI p1P• of the Statement of Reeomm•nd•d Price for aUnb'nq and pOrt1'n9 by ehath•8 1appl1eab to charrtiès prnparing Iheir unt$ In acCOrdar vthh the Finanual R•Th9 Stondard applIe in the UK and A•pUbl ol Irek4nd IFRS 10211. I hovè ¢oncemg and have come auoss no othermatters kn connodion wllh thè examHiolion to %thi¢h attention sh¢)uld be dravm in thig reFQrt in order to enab a proper understanding of the aceounts to b• rexhed. David Tucker FCCA Th¢ A$10t1 of Chartered ce AcCIntantS Thompson Jenner LLP 1 co110 Cr•8c•nt Exeter Oèvon EX24 O•te.IxI:zJL*..
CAB Devon ststement of Financial Activities for the Year Ended 31 March 2024 Ilncludlng Income and Expenditure Account and Ststement of Total Recognised Gains and Losses) Unr•strictsd RMtrSctsd fvnds funds Totsl 2024 Incorno •nd Endowmrt frtyn: Charrtable adNrties mitstment incom• 325.664 825.664 240 240 Total income 500.240 325.684 825.904 ExpondliuY• on." Chantabke actMti08 531.209 32S.664j856.B73 325.664 856.873 Total expendrtu 531.209 Nel (expendrturencome Transfefs bets¥e•n lund$ 130.9691 130,9691 Nel moverTnt in I30.9) 130.9891 R•conclll•tlon of funth Total fvnds brwght for4¥a 65.232 To1 funth cwried foThvard 34.283 34.263 UnMtrlct•d RMtrlcl•d nd• fiu)d• Totsl 2023 In¢¢)m• •nd End¢Yrn fY(Mn: Chatab acti¥rt InvestnnI Incom• 4,(#70 237 394,758 794.758 237 Exp•ndltur• on: charrtab actNiI Total *xp¢ndrture 100. 385,386 Net income Transferg be fvnds 237 9.372 372 9.609 Net rnoveffnt in bjnds 9,609 9,609 R•eonclllatlM ol fund• Total funds bght foNArd Total funds carried lorward 18 All ol the chartys activities len¥e from continuir¥J operabons thiring t abJ¥è penod¥. The lunds break$j¥n for 2023 is sh(wn in note 18. Th• Mt•s cffi pa9•s 12 tts 23 ftym an integral part of these finan(aal statements. Page 9
CAB Devon (Reglstration number: 07975636) Balance Shoet as at 31 March 2024 2024 2023 Flx•d M•ts T¥ngiWe auet¥ 12 Curr•nt au•ts Debtors Cash at bank and in ha 13 14 4.447 56.913 61.380 7,222 61655 68,877 Cr•dltoY: Amounts lalllng du• TAlthln y•ar 1S N•t curr•nt assets 34.263 65.232 N•t asa•ts Fund• ofth• charlty: Rg•¢rfct•d Unr••trfcl•d Incom• fund• Vnrestricle 34,3 66.232 Total fund• 18 For the finanaal year endlng 31 March 2024 th• ¢haiity wa$ entitjed to •xernpti from audtt under lection 477 of Ihe Companies Act 2006 relating to small compani•s. Llrn¢tor•' reBwBI'liti8B.. Th• mambtrs h¥w not r•quirtrJ dlty to oirtain an authl of its xcInIS forth6 y•ar In qu•#tion in accordanc• aecthryn 476." • The directors acknowledg• th•ir rwon'bliti$ fty WnF4yirwJ tmih the Tequirements of Iho Act wih rsped to accounting reCrS and the PParaOn of account8. These •¢¢19 h8ve been prepared in accwdance wilh the wov751$ applKable to c1mnpan9 wJbJed lo the ¥mall companies, regirne Th• fina 111 ual 8tat•menls on pa 9 to 23 were by the trustees and aulhon'sed for issue on and signeil on the¥ behall by". M Byme rrnste• The notes on pages 12 10 23 fom an intwal part ofthese financial 8tat•mènts. PJe 10
CAB Devon Statement of Cash Flows for the Year Ended 31 March 2024 2024 2023 C#h flo frryn op•r•llng 4Ctlvltl•• Net cath Ince1{expenrtUre) {30,9691 9.609 Adlu#tm•nts to c••h from nOnh It•rn• Dgprerjal Worklng ca1 •dlu•tm•nts IDecreageylnaSo in debtLVS (Decreageyinuease in c¥edrtors Itlecreagellnuea•e in deferred inco 13 15 16 2.775 23.452 32,237 {55.0311 Net c•sh Iktyw8 from op•ratiryJ actMb•s C•ih Ilow• Irty InvM¢knJ •cO¥ltlg• Pur¢h•8• of tsTh3ibbe fix amets Net Idocr•aa•llinu••ge ¢ash •ouivaknnt# 28.227 {29.5491 12 14,7421 61.655 (19.9401 Ca•h ond cash •qui¥alents at 1 Apnl 2023 Ca•h and cash •quIvat9 at 31 Mareh 2024 All of Ihe flw4 are den¥•d from continukn9 during the It¥• tlvo FwKd•. The rKJtes cffi pages 12 to 23 fom an integral part ofthe5e fjnancsal statemfrnts. Page11
CAB D•von Notes to the Flnancial Statements for the Year Ended 31 March 2024 I Ch•rfty Status The chanty Is incorporated in UK aTrJ is a chanty l¥nrted by guwantee and o)nsequenty does not have share caprtal. Eath of th• Irustees is liabl•to g)ntrl)ute arThXmt rh)lexcoeding £1 t¢ywardsthe a•8ets of the chanty in the event ol liqUatK)n. The addr•s8 01 ts regi8t•rtd offe •'. Crtizens AdvKe 8weau Dix'g Field Exeter Devon EX1 1QA 2 Aeeountlty Wl¢l•• 8umm•ry olslgnlllcant •eeounllng pollel• nd k•y •ec<)untlng g¥llm•t•• The principal accounting polic8 applied In Ihe preparatn ol these finanoal stat•mnts af ••t out below Thet• polvtt have be•n coMNtenVy apphed trj all the year• FKeMnted, unle8• oth•phig• 8lat•d. 8iat•m•nt ol compllanc• The finanuai staiemenis nav• b••n pr•par•a in ¥xtya•K• Ac£¢unMg an¢J R•wrtirvJ by Chanties. Stateffenl of Recommended Practice applicable to charitK•s praparing their aceounts In rdanc¢ wrth the Financsal Reporting Standard a•ble in the UK and RepuNK of liel•nd IFRS 1021 leffeclNe 1 January 20151- (Chant1•8 SORP IFRS 10211, ihtt Fin•n¢1 Repryting Standard IpplitrIe in the UK and RepublK of Irdan¢J IFRS 1021 They al comply Vrth Ihe Companies Acl 2008 •)d Choribe$ A¢¢ 2011. B••1¥ of pr•p•r•tbon CA8 D•von m¢¢ts the Ottfinrt ol ¥ publi¢ nefft enbty und•r FRS 102. A$$9 and li•bilitie¥ ¥r• inibally reco9nis•d at historical cost or transadth) value unl•s8 othenM stated in th• r•l•vant accounb'ng polw notes. Th• flnanual statemnts are pr•parnd ) 8t•din9. il t furKbonal olth• chanty. Goino eone•m The trustees consthr that there are matenal uncertawrties about the dwity's ats'lty to continue ai 8 90in9 con¢em rT •ny aiynfficant of une*rtaFnty ihat aff•ct th• carrying valu• of asuts h•k1 by the chanty. Incorn• and •ndowm•nl• Grnnts rec•lvabl• Grants are recognised the charrty has an enb1Jeme to the funds any conOn9 Ilnked to the grants have been rnei. Where performance condit8 are aitathed to the 9rant and are yet to met, ihe ifKome is recognised as a liabilrty and induded on Ihe balance sheet as defwred income to be r•knas•d. P•Je 12
CAB Devon Notes to the Financial Statements for the Year Ended 31 March 2024 D•frred rewesents ¥mourts receNed tsfvrture Fenod5 and is released to incoming resources in the penod for vknich rt has been received Sh income is only deferred when.. . The doTh)T Spea that ts grant or IkJnatK>n must cty be used in fulur• actsnting pr)d¥.. or . The donorhasirwaed I>)ThIrtS nwst be met before the chanty has uncondrtional t1r[nf. ExndIn All expenrtu Is recognL8ed once lhe is a al or tonstnxtivè oblvJ"on to that expenditure. it is probable gettthent is reqLbwed and the amnI ran be measureij liaY. All cA)sts are allocated to the applicable expenditure heading that aggfegate Milar tosts to that tegOry whe costs cannot be dir•ctly attnbuted to Parti[ headings Ihey hove been alkncated on a basis CAJTrSiStent the us• of resources, vrtth central stsff costs albcated on the bas16 of tmne spent. and depreckknn charges allocated on the wtion ol the asset's u. Other supwt $¢$ ar• allot• balled on the •pread of staff Cost5. Ch8ntable expenditure compnms tho8• costs by Itt• thanty in thè dlN•ry of Its oLths •nd ¥•NSC¢8 for its benefirIeS It mdudes $t$ that can be alal diredly to 8uth athvlts$ •Yl those costs of an Indirect nalure necessary lo support th•m Grnntprvvl¥lon¥ proviOn8 lor grant8 arn mad• lh• intankn to mak• ¥ gront Iw• b communic•t•d to the re0pnt but there N uncertainty atxrt either Ihe ts.ming ofthe grant or the •mcwnl of gf¥nl payable. Support ¢ts Swport indLth central lunc1Kl and have been alkKated to acthvrty cost cat•gorl•$ on a b•$i• ¢on¥i¥int wrth the uge ol regources. Gov•mne• eo•t¥ These include the cos18 attrlbutsble to thts charity's cthTh)Iwne• with con•titubrywl wnd siatutory quir•m•nts, nK4udNlg •Jdit. str•tsgicfflna9ement and tru¥tees' mee11J3 and rnlmburW exp•n. T•x•tlon The chartty 18 con8ld8r•d to pa8$ the te$ get oirt in Par¥graph 1 Sddule 6 ofthe Flnance Ad 2010 and therefore rt meets lh• definrtKJn of a charrtable crynpany for UK corporatKJn tax Purpo8. AOrdinglY, the charity is potentrally exempt from taxats in resped ol in¢ome trpItal gains received in ¢•tegorS Covered by Chapler 3 Part 1101 the CO T8x A¢t 2010 or Secb'on 256 of the Taxaln of Chargee Gain8 1992, to th• •thnt th#t suth Inc or gains are applied axduwdy to charitable purposes T*nglbJ• fix•d ¥¥••ts Individual fixed assets costiTrJ £450.W or mcKe we inrtkqlly f•¢crfded ¥t t>)Jt. less any sequent accumulatad ¢tspr•ugtion •nd KoJmated inpairment108888. D•pr•clatlon and •morfknatSon Depreoatron is provsded on tsne fixed assets 80 as to write off the cost or v¥lu•tiM. s5 any estimated reghJual valve. over thw"r expected useful ect¥nIC Irf• as follw.. Pagt 13
CAB Devon Notes to thè Financial SLthents for the Year Ended 31 March 2024 A•••t ¢1• Computer eqyiwent O•pr•el•tlon •nd r•ts 33.33% on stravJht line basi$ Trad• dobtorn Trade debtors are n0(ts du• from custthnW4 fty mercWdis¢ 8oK1 ty 8•rvtes perfomd In the ordinary course Trnd• debttys ¥rt re¢ognised inibalty at the transact WK%. They are 8ubs•qu•nMy moasur•d al amortised cost ung th •ffeeb"¥e ifttere rTth. less for impairment. A provisicffi for th• inpairment of trade fltsbtors 1$ estaNish•d when th i¥ obpcts"v? evKIee Ihal the charty will not be abl• to ¢ol•¢t am •mounts ¢k to the ¢xiginal tenns of the rer¥able8. ¢••h •nd •qulv•l•nt• Cash and cash •4u1vants o)mpristr ¢o$h on hr and call deF5. and other short.tern hh3hly Ilquld investments that afe readity cOnV•bkn to a knryn amount of cash and are wbj'ect to an insignffic4nt riik of thaThJe in value. Tr•d• ¢r•dltorn Trad¢ ¢r•drtors artr obligations to pay for goods or seNces that have Èéen acqulr•d in th• ordlnary ¢ourse ¢f bu$ine$3 from Supplrg AUfttS payab a ctassrfd as rJJrrent lia19 il the charrty does not have an unC0ndrtnal nght. atthe end ofthe reKthng n0d, to datsr s¢ttl¢meni ofth¢ credrtor lor at l•aJi rTh)nths after Ihe reporD'ng dale. 11 there Is an uncon(JrtKJnal nght to defer Setttament fvr at least months aft•r tm rwtry d•t•. ar• pl•••n Iwbilth•. Trade recognisod Inrtially alth•tr¥nckn FK •rNI I)#19uerrtly measured atamorbBed cost using the effectNe interest method. Fund 8tructyJrn UnreslrKted Incom funds 9•r•rnl luTh18 tw ar• a¥aibbl• fry •t th• truste•' ¢Ji8U•tity) tn furtherance of the objecty.ves of the charty. Restricted income fijnds a those donated for in a partKk¥ w•• or for speofic W1•8, th8 u8• of which 18 r•strxed to that ar•a or purpose p•10n¥ •nd ¢)th•r po•trf•tlr•m•nl obllg•tlon• The charity operates a defined contrilwbon pen5w schernt is • pensK¥n $n under vthich ffi¥ed c(Jntnbubons af• pa Into a lund and tho tharty has no le9al or constnKtive obligaknon to pay further contributions even rf the lund does not hc4d suffKnt assets to pay al employees the benefitB reL4ting emph)yee In current and Contrlbutions to defined con1nlIon F4an8 are rtCO9ni8ed in the statenI ol FinarKial ACtivitS when they are due If contrrbub¢)n payments ex¢xed Ihe contn'lKthb"on ¢Jue for Sery2. the excess is recognised as a prepayment. Fln•n¢l•l In•tYum•nts The Chanty only has finanual assets and finanual liabitht*s of a kind that qual as basic finanaal struments. Basr financial instruments inthlly COgnised at transathon value aThJ subsequently measured at their settrnent lUe. Poge 14
CAB Devon Notes to the Financial Statements for the Year Ended 31 March 2024 3 Incom• from charftabl• •cllvill•• UnY•stricl•d R••trlct•d fun0• Total fund• GOr•I De¥on Cwnty cou1 Cor• Grant Ouids 4 lQds H•attlMatch A¢bon lor Chiklren Carers Project OASWACIABC Hou8•hold Support F 500.OLKI 80,000 113,0 60,000 24.300 46.700 80.000 113,000 80,000 24,300 46,700 Totsl kn 2024 325,864 Totsl for 2023 I),000 394,758 794 758 4 Incorn• from In¥Mtm•nts lun G•n•rnl RMtrl¢i•d nd• Total lund• Bank int•f•81 rtt•ivabl• 240 240 Totsl for 2024 240 240 Totsl for 2023 237 237 Pw15
CAB Devon Notes to the Flnancial Statements for the Year Endod 31 March 2024 S ExpIdIr• )n eharltsbkn xtlvlli Tol•l 2024 Total 2023 Unrn•trlct•d R••trlcl•d DCC Core Grant VKts'm Care Nefjrk Healthwatch Quk154Kid8 Action For Chiklr•n Ae$S To Just Carers Project DASWACIAB Irne maximlsatn ovsehold Svpwt Fund A¢Jditional Chik4Mn$' Additional supwt 500.000 400,000 25,OC 109.864 74.0fj6 50.01)0 14.672 23.784 46,71)0 41,500 113.0 80.000 60.000 113,000 80,000 60,000 24.3CJ 46.700 24,)0 48,700 25.01)0 25.000 6.209 6.209 325.e64 A¢tbvtty undprtak•n Grant lundln9 A¢tl¥lty ¥upport dlrnctly of •ctl¥lty Totsl •XndItUf Grant lundiro local CAB br8nch•s 812287 856 873 Totsl for 2024 812287 856 873 T¢)lal lor 2023 In¢luded in the expendrture analysed above. there are wvemarr£ costs of £15.90512023 . £14,93n i¢h r¢l• dire¢Vy to ¢haIlb aCtsvits See note 6 for fvrther delails. Page 16
CAB Devon Notss to the Financial Ststements for the Year Ended 31 March 2024 6 Analy41• of gov•rnanc• and Support costs Support •llocat•(I to charitabl• a¢¥111 Admlnlstratl¢)n Totsl fvnd• 8•8fj8 of IIo¢iion Grant making to k)cal Crtvzens Advth br•nch•# Dir0(# Totsl for 2024 584 25.075 3.022 Totsl for 2023 14.937 1846 25 592 G0mn¢• ¢o•i• Unmtrlct•d Totsl lund• Funds Independent examlnef f••$ ExaminatK)n of th• finanual •l•t•mert8 Trustees remunefabon and expon•es Legal & Congultancy fees D•pr•ty¥ti¢n. •morbsalW WKI other wmilar vJgts Total lor 2024 1.200 11 14.691 14,694 1S.905 15,905 Tot•1 for 2023 14.937 14.937 7 Grnnt4n•klng Anafy•l• of gr•nt• Grnnts to In•titulloM 2024 2023 An11$ Lo¢al crt5 Adwce Branches in t)evon Project partnersh'ps & conwhary lotherl 812.287 759,794 Tot•1 fvnd• 812.287 P•3e 17
CAB Devon Notes to the Flnanclal Statements for the Year Ended 31 March 2024 4 TnMt•M Y•mun•ratSon and •xp••) No tw8tee8 we reimburved expenses in yaw. No trustees. nor any persons connected them, ha¥• recei¥ed any rnuraan from the charfty during Ihe year No tru8te•s hèv I1¥1 •ny other bwfft5 frryn the drv the yew 9 8t•ff co•1• The aggfegate payToII coots as folchvs.. 2024 2023 Stsff eo•ts durlng th• y••r w•r•: Wages and salaries SocKal secunty co$t$ Pension costs 24,18S 8,883 756 Th• monlhly ov¢r¥oe number of per¥ lirKILvJiry Jenw)r MI9¢m?nt team) •mployed by the charity durfng th• ar •xpr•wd a$ bj1'm0 •wY¥Wnts was 0$ IC4b.. 2024 2023 No Ch•rit¥blts 112023. 11 of th• at#)ve •mF4oy••s path"pat•d in the Cfm•d Contrthrtk)n P•n8ion Schwn•8. Conln'bution¥ to the ernpk>y•e pen•ion for the yew totalleo E89012023- £7581. No emFAoyee received eThKJhJments of moTe than £60.000 during th? year. The total emF4oyee ComwntiQn ol the key m#ntyement pern ofthe ch•rity w48 £25,07512023 £7.6191 10 Indopendont examln•rf• v•rnun•rallon 2024 2023 ExamknatKin of the finda1 strtn1s 1,000 11 Toxolbon The dwnty is a regter¢d tharty and is theretse exempt from toxat)n. Page 18
CAB Devon Notes to the Financial Statements for the Year Ended 31 March 2024 12 Tanglbl• fix•d M••ts •qulpm•nt Totsl Al 1 Apnl 2023 Al 31 Mar¢h 2024 500 Ihpr•claiton At 1 W"12023 Charge for IM y•ar 500 At 31 March 2024 N•t book v•lu• At 31 March 2024 AI 31 •A4r¢h 2023 13 D•btorn 2024 2023 Prnpaym•ni8 Olhlr d•ttrs 434 8,788 4,447 14 fA•h and c••h •qulval•nts 2024 2023 C¥8h #t bank 15 Cr•dltorn: •mount• f•lllng du• f*lthln (bn• y••r 2024 2023 Tr8de uedit( Acrrual¥ D•l•rrnd income 25.240 1.857 3,505 140 Page 19
CAB Devon Notes to the Flnancial Statements for the Year Ended 31 March 2024 16 D•f•rr•d In¢om• 2024 2023 Delerred sncome at 1 Aw"12023 Resources deferred In the pert Amounts released from prew5 6,755 D•l•rr•d uio)m• al y•ar •nd 17 Pen8lon and other ¥chem D•fln•d Contrlbutlon p•Mlon Kh•m• The charity operates a defined conln"butth pension •CM•. Th• pens cost charge for th• yèar repre3enlg contributn9 payab by the charty to the scheme and amounted to £89012023. £7561. 18 Fund• Balanc• it I Incomlry R••ourc Aprll 2023 Mour¢ •xp•nd•d Balanc• •t 31 Tran•l•r• M•rch 2024 UnMtrlct•d fund• G¢n•ral unr•$tricted Devon County Council Cor• Grant 65,232 240 131,2091 34,283 SOO,OC#) {500,0) R••trl¢t•d fvnd• Quids4Kid$ Hearthwalch Act For Child Carèrs Proi•c¢ DASWACIABC Hous•h¢4d Sw)port F 180.OLVJI 1113.0001 180.0001 124.3001 146.7001 113.000 24.3fyJ 46.7 Tolal r••trlthd lund• 325.e64 325.864 Totsl funds 825.904 856,873 34,263 Pag• 20
CAB Devon Notes to Iho Financial Ststements for the Year Ended 31 March 2024 B•lanc• at 1 IOmng RQr¢ Balanco 4t 31 April 2022 •xpwKl8d Tr•n•t•rn •A#rch 2023 Unr••tricted lund• G•n•ral yN•strthd Devon CcMJnty cj41 Cor• Grant 55,623 237 9,372 65,232 400.000 1400.OWI Vith"m Care N•fjrk Quids4K HeaAhwat¢h A¢Aion For Children CaTerg Project Access For Jusbc• DASWACIABC Incom• Maximisabon Household Supwt Fund 25.000 80.0 109.864 50.000 24.299 16.922 46.700 41.500 673 125.0001 174.0661 1109.6641 {50,0001 123.784) {14.6721 {46,700} {41,Sl)O) 15,9341 15151 12,2501 873 Totsl rn•trlet•d fund• 394.758 385.386 Total fund• ring the year rn*ricted fvrwjj were iTrrNlerred to r••w¥. The trarrdfer 18 on the ba81$ th•1 rondibtsn$ lating to c•rtan grants h•w b8•n •ab"sfwd •rKI tr•n$f•r r•m8•nts a tribut towards the supp)rt costs ol the tharty. Pay• 21
CAB Devon Notes to the Financial Ststoments lor tho Year Endod 31 March 2024 Unrnstrlct•d Fund• Dovon County Councll Cor• Grant- funding rec•N¢d to provid• 9n¢rnli ath'¢e Vthvk in line ith the airns and objectives of the charty. R••trlct•d Fund• Sds 4 Kld8 . a ¢traCtual arfan9•m•nt wilh D•von Cwnty Couwl thffjugh Cibzens Advice Devon to provide an incilme maximisabon aefvtt for lamih.es wth disabknd ehildmn. D•¥on Advlc• S•r¥ScM lor Workthy Ag• C•r•rn {OASWACI- by De4t)n Cwnty Cc4Jndl through cth.zens Advtt Oevon to wowde an adv for wtykiNJ •w ¢OTers. H•althwatch Owon. 4 grani lffjm Cito•n¥ Devon toemploy * Champion to a01 dnts in need. Aetlon lor Chlldr•n- a 9ranl reoi¥ed to provide ad¥i¢e ts users of ChiKl¥en's Centfes in Devon. The Service can provide a fr•0 b•n•fft cheth, hèlp daiming banffts and 9N• gUKIon financaal managemerrt It can also help parents WKIerstd how getbng a Job or changing IM thrs tMy work would affed their income and t)wffts. Car•r• ProJ•ct . fvndg provthd by D•von Car•rn through C6tr•n8 Ad¥k• D•vth) to k¥ovid• •n in¢orne m8xirnis•tion 9er¥ice Ow'$ c•r•r•. rAr•rn 8upport. this ig an extension ofth• DASWAC ¢tract pathlarty Cowld p•fid•mlc to rneet an Ath'ce on eeneffts iallery PToieia to Carers and throu them the clients Ihey Hou••hold support Fund- DepartmentofWth 8nd Pens9 fiJnds re¢Ned Ihrough Oevon County Council lo suppcKt Ihose most In need ol help th sffjnthcanlly n%ng Iivitvj CO811. This fund wai ¥Jteffically lor the di8tnbution of I VOLKhws lor Oew on wepayment meters The CA fvnd• the project were aCCmpan by £200.000 for frJel V(Chern distftbLrted diredly to dnts through Charis, • Ihird.p•rty W0¢T. Vlctlm Car• N•iwork. a grant i•C•Ned to provkle emobonal and wactscal supp)rt seNrAry8 for wctkns of trirn• Acc•s• to Ju•tlc• . a projeet to Inu• ac£e88 to 8peualist 18981 ad¢¥ arKI 8UPF4>1 to people wbo donl qual¢fy for aid and canl affc¥d to pay for adwce from a 801th. Ineom• M•xlmbatlon - furnl¢d tlwcwh De¥ Cwnty Coufiol for c•rws fv11-year Covid supiKrt in response to Inc$ d•m)d for &tsic• on •mploym•nt and hnefts (corers irKom? maximisaticffil. Page 22
CAB Devon Notes to the Financial Statements for the Year Ended 31 March 2024 19 Anatylh of ng1 ••••ts betwg•n fund• Unr•strl¢tod funds G•n•rnl Totsl funth •t 31 March 2024 Re•trlct•d fvnd• Tangible fixed ass•ts Curr•nl a¥sels Curr•nt liabi1rt*8 61,360 27,09 61,360 27.097 Totsl n•t ••••t• 34.263 Totsl fvnth it 31 March 2023 lund G•Mrnl R••trb¢t•d nd• Tangl6 fix•t1 a81•ts CuThent a$3etg Current habilrtl•s 68,877 3.645 Total n•t ass•ts 65,232 20 R•l•t•d p•rty tr•nM¢iioTh• vrtre rel•ted party trSaCt8 in th• Page 23