Company registration number: 07975636 Charity registration number: 1148060
CAB Devon
(A company limited by guarantee) Annual Report and Financial Statements
for the Year Ended 31 March 2025
Thompson Jenner LLP 1 Colleton Crescent Exeter Devon EX2 4DG
CAB Devon
Contents
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 6 |
| Statement of Trustees' Responsibilities | 7 |
| Independent Examiner's Report | 8 |
| Statement of Financial Activities | 9 |
| Balance Sheet | 10 |
| Statement of Cash Flows | 11 |
| Notes to the Financial Statements 12 to 23 |
CAB Devon
Reference and Administrative Details
Principal Office
Citizens Advice Bureau Dix's Field Exeter Devon EX1 1QA
Company Registration Number
07975636
Charity Registration Number
1148060
Bankers
CAF Bank 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ
Independent Examiner
Thompson Jenner LLP 1 Colleton Crescent Exeter Devon EX2 4DG
Page 1
CAB Devon
Trustees' Report
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 March 2025 which comply with current statutory requirements, the charity’s governing documents and prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006.
The Charity was incorporated on 5 March 2012 and is a company limited by guarantee, having no share capital.
Trustees
E S Bradshaw (Chair)
M D Byrne (Treasurer) C E Mottram
K Routledge
J Collins
A Alder-Westlake (resigned 29 May 2025)
K McDonald (resigned 18 Sept 2024) J Oliver (appointed 18 Sept 2024) C Hole (appointed 5 June 2024, resigned 27 Nov 2024) D Incoll (appointed 29 May 2025) M Bullen (appointed 29 May 2025) G Williams (resigned 5 June 2024)
Objectives and activities
Objects and aims
The objects of the charity are to promote any charitable purpose for the public benefit by the advancement of education, the protection and preservation of health and the relief of poverty, sickness and distress, but without limitation, for the benefit of the community in Devon and surrounding areas.
The aims of the charity are to establish and provide and assist in the provision of Citizens Advice Bureau services and outlets supplying a free, independent, confidential and impartial service of advice, information and counsel for the public.
Overall, we use the National Leadership Self-Assessment as an annual external test of how well we are doing in meeting our aims and objectives. The Report by CA nationally gives us an objective view of how we are performing and progressing, whilst measuring our standards of governance, financial and risk management.
To continue to provide our highly valued service in Devon we need to be funded, which necessitates us demonstrating that we are relevant and our services meet users’ needs. To that end our Strategy is to create relevant Countywide visibility, which is partly achieved by working successfully with partners and
Page 2
CAB Devon
Trustees' Report
by being represented at relevant Events. We are an active member of the Devon Strategic Partnership, a body of local authority, public and private bodies.
We also maintain strong relationships with key players such as the NHS, Local Government, the Police Commissioner with a view to entering into new projects and programmes.
Objectives, strategies and activities
The creation of CAB Devon as a legal entity in 2012, was an important and necessary strategy for the individual Citizens Advice office throughout Devon, who collectively comprise over 30 office locations, 210 employees and a valuable volunteer force of over 580 people.
As an organisation we do not deliver the client services directly however we form the essential collaborative elements that are beneficial to the funders, partners and individual Citizens Advice consortium members in Devon, which ultimately creates the ability to offer a wider, more efficient, cohesive, client access.
The benefits of the consortia are:-
-
We contract directly with large grant funders and contractually distribute these grants on agreed formulae to the various applicable consortia members.
-
We contract with major project funders, where a full, or part Devon, delivery of services is required by the funders and then subcontract the delivery and management services to consortia members.
-
We measure, monitor and report to funders and conduct regular service delivery meetings with the relevant subcontracted consortia members.
-
We seek new funding streams where more than one consortium member is required to work together to perform the contract.
-
We meet to promote best practice, sharing of knowledge and resources throughout the consortia.
-
We invest any free unrestricted reserves to support new initiatives with the prime aim to meet our collective aims of wider and more efficient client access.
-
We act as the voice of Devon for the Citizens Advice offices where Devon wide press, and promotion is necessary, plus the voice and conduit for promoting the collective strength of the consortia’s members to present and future project funders.
-
We add value and additive services to what our consortia members do at the least cost, ensuring maximum distribution of the grants and project funding, to maximise our collective charitable focus and aims towards clients.
Public benefit
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Page 3
CAB Devon
Trustees' Report
Grant making policies
The core grant from Devon County Council is split between the various local offices which make up the consortium on the basis of an index combining the Index of Multiple Deprivation and their respective populations. The English Indices of Deprivation are based on 37 separate indicators, organised across seven distinct domains of deprivation which are combined, using appropriate weights, to calculate the Index of Multiple Deprivation 2019 (IMD 2019) as published by the Department for Communities and Local Government. These domains are Income Deprivation; Employment Deprivation; Health Deprivation and Disability; Education, Skills and Training Deprivation; Crime; Barriers to Housing and Services; and Living Environment Deprivation. The IMD is revised every 5 years. The population statistics are supplied by the Office of National Statistics and the most current figures are used at the time of creating the budget.
The specific project grants are allocated between the various offices based on the relative time and effort spent by each office on the project. One office is identified as the lead office for any particular project, and they receive an additional share of the funding to recognise the additional workload associated with that responsibility.
Achievements and performance
CAB Devon secured a renewal and uplift of our Core Grant of £500,000 from Devon County Council to help fund the generalist services our Local Offices provide; despite the significant financial pressures the Council is facing.
In addition, CAB Devon secured project funding of a value of £343,754.
This funding was achieved following successful bidding for the following projects-
-
An advice service for carers in need of benefits support.
-
An advice service for families with a disabled child.
-
Support for families who attend children's centres, in partnership with Action for Children.
-
An information and advice service on health and social care issues (as part of Healthwatch Devon).
-
Supporting Devon C.C. with financial assessments for social care.
-
Supporting members with allocation of the Household Support fund to clients in fuel poverty
-
.
Financial review
Our income reported in this year was £843,988 compared with £825,904 in the 2023/24 fiscal year. Our expenditure included some distribution of reserves to support delivery of services for children and families. This ensured the overall reserves at year end were in line with the intended position, at £34,497 at the 31st March 2025.
Risk and uncertainty
Below are the identified principal risks and uncertainties affecting the charity and the strategies for managing those risks:
Finance: Maintain sufficient reserves and oversee a commitment for Local Offices to help each other if funding lost.
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CAB Devon
Trustees' Report
Effective decision making: Ensuring the Board have the right mix of skills, experience and commitment.
Project Management: Ensure effective performance management and control of costs.
Management: Regular monitoring of outcomes.
Project failure or cessation: Identifying risks before Contract signing & effective monitoring.
Policy on reserves
The trustees (directors) took the decision this year to use funds from the reserve to extend service delivery through our members, in line with our reserves policy, and to invest in staff training to improve future income generation. This has seen the general reserves figure reduced to £34,497. Our reserves policy remains to maintain a level of reserves to manage uncertainty, support new initiatives for new extended service delivery initiatives through the members we represent, the local citizens offices throughout Devon; and provide in the unlikely event for the cost of planned closure of this consortium member charity.
Planned closure costs are foreseen as circa £15,000 and the remaining £19,000 of unrestricted funds is considered adequate in supporting the objectives of the charity. As stated above, our unrestricted reserves for this reported period as at the 31st March 2025 are £34,497. We review this reserve level annually to ensure the maximum funds are deployed to provide the services through our members, as was the case this financial period.
Plans for future periods
Going concern
The trustees have given due consideration to the current economic climate and the effect this may have on the charity and financial statements. At present, the trustees do not consider it to have a material impact on the balances included within the financial statements and do not consider it to cast any significant doubt upon the charity's ability to continue to operate as a going concern.
Structure, governance and management
Nature of governing document
The charity is governed by its Memorandum and Articles of Association.
Recruitment and appointment of trustees
Trustees are appointed in line with the terms and conditions of the Memorandum and Articles of Association of the charity. A term of office is 3 years and trustees may be elected at the general meeting, nominated by members or co-opted by the trustee board.
A Trustee is appointed from each of our Local Offices (2 in the case of Torridge North, West & Mid Devon) together with two Independent Trustees who currently serve as Chair and Treasurer.
Organisational structure
The day to day management is conducted by the Chair, Edwina Bradshaw (Governance issues, overall strategy) and the Business Development Manager, Katie Carter who oversees Contract discussions and bidding processes. The Treasurer Matthew Byrne is responsible for financial management.
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CAB Devon
Trustees' Report
Financial instruments
Objectives and policies
The charity's activities expose it to a number of financial risks including credit risk and liquidity risk.
Cash flow risk
Due to the nature of the charitable activities and assets held, risk in relation to cash flow is considered to be minimal, with funds being held in instant access UK bank accounts and our unrestricted reserves being held in free cash not tied up in fixed assets.
Credit risk
The charity’s principal financial assets are bank balances.
The credit risk on liquid funds is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies.
The charity has no significant concentration of credit risk.
Liquidity risk
In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the charity holds surplus funds in instant access bank accounts.
The annual report was approved by the trustees of the charity on 26[th] November 2025 and signed on its behalf by:
M D Byrne (Treasurer) Trustee
Page 6
CAB Devon
Statement of Trustees' Responsibilities
The trustees (who are also the directors of CAB Devon for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements 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 adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 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 other irregularities.
Approved by the trustees of the charity on 26[th] November 2025 and signed on its behalf by:
M D Byrne (Treasurer) Trustee
Page 7
CAB Devon
Independent Examiner's Report to the trustees of CAB Devon
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2025 which are set out on pages 9 to 23.
Respective responsibilities of trustees and examiner
As the charity’s trustees of CAB Devon (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of CAB Devon are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner’s statement
Since CAB Devon's gross income exceeded £250,000, your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Association of Chartered Certified Accountants, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of CAB Devon as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
David Tucker FCCA The Association of Chartered Certified Accountants
1 Colleton Crescent Exeter Devon EX2 4DG
Date: 1 December 2025
Page 8
CAB Devon
Statement of Financial Activities for the Year Ended 31 March 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
| Note | Unrestricted Restricted Total |
|
|---|---|---|
| funds funds 2025 |
||
| £ £ £ |
||
| Income and Endowments from: | ||
| Charitable activities 3 |
500,000 343,754 843,754 |
|
| Investment income 4 |
234 - 234 |
|
| Total income | 500,234 343,754 843,988 |
|
| Expenditure on: | ||
| Charitable activities 5 |
(500,000) (343,754) (843,754) |
|
| Total expenditure | (500,000) (343,754) (843,754) |
|
| Net (expenditure)/income | 234 - 234 |
|
| Transfers between funds | - - - |
|
| Net movement in funds | 234 - 234 |
|
| Reconciliation of funds | ||
| Total funds brought forward | 34,263 - 34,263 |
|
| Total funds carried forward 18 |
34,497 - 34,497 |
|
| Note | Unrestricted Restricted Total |
|
| funds funds 2024 |
||
| £ £ £ |
||
| Income and Endowments from: | ||
| Charitable activities 3 |
500,000 325,664 825,664 |
|
| Investment income 4 |
240 - 240 |
|
| Total income | 500,240 325,664 825,904 |
|
| Expenditure on: | ||
| Charitable activities 5 |
(531,209) (325,664) (856,873) |
|
| Total expenditure | (531,209) (325,664) (856,873) |
|
| Net income | (30,969) - (30,969) |
|
| Transfers between funds | - - - |
|
| Net movement in funds | (30,969) - (30,969) |
|
| Reconciliation of funds | ||
| Total funds brought forward | 65,232 - 65,232 |
|
| Total funds carried forward 18 |
34,263 - 34,263 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 18.
The notes on pages 12 to 23 form an integral part of these financial statements. Page 9
CAB Devon
(Registration number: 07975636) Balance Sheet as at 31 March 2025
| Note | 2025 2024 |
|---|---|
| £ £ |
|
| Fixed assets | |
| Tangible assets 12 |
- - |
| Current assets | |
| Debtors 13 |
3,371 4,447 |
| Cash at bank and in hand 14 |
52,292 56,913 |
| 55,663 61,360 |
|
| Creditors: Amounts falling due within oneyear 15 |
(21,166) (27,097) |
| Net currentassets | 34,497 34,263 |
| Netassets | 34,497 34,263 |
| Funds of the charity: | |
| Restricted | - - |
| Unrestricted income funds | |
| Unrestricted | 34,497 34,263 |
| Total funds 18 |
34,497 34,263 |
For the financial year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
The financial statements on pages 9 to 23 were approved by the trustees and authorised for issue on 26[th] November 2025 and signed on their behalf by:
M Byrne Trustee
The notes on pages 12 to 23 form an integral part of these financial statements.
Page 10
CAB Devon
Statement of Cash Flows for the Year Ended 31 March 2025
| Note | 2025 2024 |
|---|---|
| £ £ |
|
| Cash flows from operating activities | |
| Net cash income/(expenditure) | 234 (30,969) |
| Adjustments to cash flows from non-cash items | |
| Depreciation | - - |
| 234 (30,969) |
|
| Working capital adjustments | |
| (Decrease)/increase in debtors 13 |
1,076 2,775 |
| (Decrease)/increase in creditors 15 |
(20,736) 23,452 |
| (Decrease)/increase in deferred income 16 |
14,805 - |
| Net cash flows from operating activities | (4,855) 26,227 |
| Cash flows from investing activities | |
| Purchase of tangible fixed assets 12 |
- - |
| Net (decrease)/increase in cash and cash equivalents | (4,621) (4,742) |
| Cash and cash equivalents at 1 April 2024 | 56,913 61,655 |
| Cash and cash equivalents at 31 March 2025 | 52,292 56,913 |
All of the cash flows are derived from continuing operations during the above two periods.
The notes on pages 12 to 23 form an integral part of these financial statements. Page 11
CAB Devon
Notes to the Financial Statements for the Year Ended 31 March 2025
1 Charity status
The charity is incorporated in UK and is a charity limited by guarantee and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.
The address of its registered office is:
Citizens Advice Bureau Dix's Field Exeter Devon EX1 1QA
2 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011.
Basis of preparation
CAB Devon meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
The financial statements are prepared in sterling, which is the functional currency of the charity.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
Income and endowments
Grants receivable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
Page 12
CAB Devon
Notes to the Financial Statements for the Year Ended 31 March 2025
Deferred income
Deferred income represents amounts received for future periods and is released to incoming resources in the period for which it has been received. Such income is only deferred when:
-
The donor specifies that the grant or donation must only be used in future accounting periods; or
-
The donor has imposed conditions which must be met before the charity has unconditional entitlement.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Grant provisions
Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources.
Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’ meetings and reimbursed expenses.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £450.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
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CAB Devon
Notes to the Financial Statements for the Year Ended 31 March 2025
Asset class Depreciation method and rate Computer equipment 33.33% on straight line basis
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Pensions and other post-retirement obligations
The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Financial instruments
Classification, recognition and measurement
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
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CAB Devon
Notes to the Financial Statements for the Year Ended 31 March 2025
3 Income from charitable activities
| 3 Income from charitable activities |
|
|---|---|
| Unrestricted funds Restricted Total |
|
| General funds funds |
|
| £ £ £ |
|
| Devon County Council Core Grant | 500,000 - 500,000 |
| Quids 4 Kids | - 80,000 80,000 |
| Healthwatch | - 128,000 128,000 |
| Action for Children | - 60,000 60,000 |
| Carers Project | - 24,300 24,300 |
| DASWAC/ABC | - 46,700 46,700 |
| Household Support Fund | - 29 29 |
| National LotteryAwards for All | - 4,725 4,725 |
| Total for 2025 | 500,000 343,754 843,754 |
| Total for 2024 | 500,000 325,664 825,664 |
4 Income from investments
| 4 Income from investments |
|
|---|---|
| Unrestricted funds Restricted Total |
|
| General funds funds |
|
| £ £ £ |
|
| Bank interest receivable | 234 - 234 |
| Total for 2025 | 234 - 234 |
| Total for 2024 | 240 - 240 |
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CAB Devon
Notes to the Financial Statements for the Year Ended 31 March 2025
5 Expenditure on charitable activities
| Note Unrestricted £ Restricted £ Total 2025 £ Total 2024 £ |
Note Unrestricted £ Restricted £ Total 2025 £ Total 2024 £ |
|---|---|
| DCC Core Grant | 500,000 - 500,000 500,000 |
| Healthwatch | - 128,000 128,000 113,000 |
| Quids4Kids | - 80,000 80,000 80,000 |
| Action For Children | - 60,000 60,000 60,000 |
| Carers Project | - 24,300 24,300 24,300 |
| DASWAC/ABC | - 46,700 46,700 46,700 |
| Household Support Fund | - 29 29 1,664 |
| Additional Children's services | - - - 25,000 |
| National Lottery Awards for All | - 4,725 4,725 - |
| Additional support costs | 6,209 |
| 500,000 343,754 843,754 856,873 |
| Activity undertaken Grant funding Activity support Total |
|
|---|---|
| directly of activity costs expenditure |
|
£ £ £ £ |
|
| Grant funding local CAB | - 815,727 28,027 843,754 |
branches |
|
| Total for 2025 | - 815,727 28,027 843,754 |
| Total for 2024 | - 812,287 44,586 856,873 |
Included in the expenditure analysed above, there are governance costs of £6,574 (2024 - £15,905) which relate directly to charitable activities. See note 6 for further details.
Page 16
Notes to the Financial Statements for the Year Ended 31 March 2025
CAB Devon
6 Analysis of governance and support costs
Support costs allocated to charitable activities
| Basis of allocation |
Basis of allocation |
|---|---|
| Grant making to local Citizens Advice branches Direct |
|
| Total for 2025 | |
| Total for 2024 | |
| Governance costs Independent examiner fees Examination of the financial statements Trustees remuneration and expenses Legal & Consultancy fees Depreciation, amortisation and other similar costs Total for 2025 Total for 2024 |
|
| 6,574 6,574 |
|
| 15,905 15,905 |
7 Grant-making
Analysis of grants
| Analysis of grants | |
|---|---|
| Grants to institutions | |
| 2025 2024 |
|
| £ £ |
|
| Analysis | |
| Local Citizens Advice Branches in Devon | 815,727 812,287 |
| Projectpartnerships & consultancy (other) | - - |
| Total funds | 815,727 812,287 |
Page 17
CAB Devon
Notes to the Financial Statements for the Year Ended 31 March 2025
8 Trustees remuneration and expenses
There were £155 of trustee expenses during the year in respect of travel and subsistence (2024 - £0).
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any other benefits from the charity during the year.
9 Staff costs
The aggregate payroll costs were as follows:
| 9 Staff costs The aggregate payroll costs were as follows: |
|
|---|---|
| 2025 2024 |
|
| £ £ |
|
| Staff costs during the year were: | |
| Wages and salaries | 12,439 24,185 |
| Social security costs | - - |
| Pension costs | 330 890 |
| 12,769 25,075 |
The monthly average number of persons (including senior management team) employed by the charity during the year expressed as full-time equivalents was as follows:
| during the year expressed as full-time equivalents was as follows: | |
|---|---|
| 2025 2024 |
|
| No No |
|
| Charitable activities | 1 1 |
1 (2024 - 1) of the above employees participated in the Defined Contribution Pension Schemes.
Contributions to the employee pension schemes for the year totalled £330 (2024 - £890).
No employee received emoluments of more than £60,000 during the year.
The total employee compensation of the key management personnel of the charity was £12,769 (2024 - £25,075).
| 10 Independent examiner's remuneration |
|
|---|---|
| 2025 2024 |
|
| £ £ |
|
| Examination of the financial statements | 1,480 1,200 |
| 11 Taxation |
The charity is a registered charity and is therefore exempt from taxation.
Page 18
CAB Devon
Notes to the Financial Statements for the Year Ended 31 March 2025
12 Tangible fixed assets
| 12 Tangible fixed assets |
|
|---|---|
| Computer equipment £ Total £ |
|
| Cost | |
| At 1 April 2024 | 500 500 |
| Disposals | (500) (500) |
| At 31 March 2025 | - - |
| Depreciation | |
| At 1 April 2024 | 500 500 |
| Charge for the year | - - |
| Eliminated on disposals | (500) (500) |
| At 31 March 2025 | - - |
| Net book value | |
| At 31 March 2025 | - - |
| At 31 March 2024 | - - |
| 13 Debtors |
|
| 2025 2024 |
|
| £ £ |
|
| Prepayments | 2,860 |
| Other debtors | 511 4,447 |
| 3,371 4,447 |
|
| 14 Cash and cash equivalents |
|
| 2025 2024 |
|
| £ £ |
|
| Cash at bank | 52,292 56,913 |
| 15 Creditors: amounts falling due within one year |
|
| 2025 2024 |
|
| £ £ |
|
| Trade creditors | - 25,240 |
| Accruals | 6,361 1,857 |
| Deferred income | 14,805 - |
| Pension creditors | - - |
| 21,166 27,097 |
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CAB Devon
Notes to the Financial Statements for the Year Ended 31 March 2025
16 Deferred Income
| 16 Deferred Income |
|||
|---|---|---|---|
| 2025 | 2024 | ||
| £ | £ | ||
| Deferred income at 1 April 2024 | - | - | |
| Resources deferred in the period | 14,805 | - | |
| Amounts released frompreviousperiods | - | - | |
| Deferred income atyear end | 14,805 | - |
17 Pension and other schemes
Defined contribution pension scheme
The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £330 (2024 - £890).
18 Funds
| 18 Funds |
18 Funds |
|---|---|
| Balance at 1 April 2024 £ Incoming resources £ Resources expended £ Transfers £ Balance at 31 March 2025 £ |
|
| Unrestricted funds | |
| General unrestricted 34,263 234 - - 34,497 |
|
| Devon County Council Core Grant - 500,000 (500,000) - - |
|
Grant |
|
| Restricted funds | |
| Quids4Kids | - 80,000 (80,000) - - |
| Healthwatch | - 128,000 (128,000) - - |
| Action For Children | - 60,000 (60,000) - - |
| Carers Project | - 24,300 (24,300) - - |
| DASWAC/ABC | - 46,700 (46,700) - - |
| Household Support Fund | - 29 (29) - - |
| National Lottery Awards for | - 4,725 (4,725) - - |
All |
|
| Total restricted funds | - 343,754 (343,754) - - |
| Total funds | 34,263 843,988 (843,754) - 34,497 |
Page 20
CAB Devon
Notes to the Financial Statements for the Year Ended 31 March 2025
| Balance at 1 April 2023 £ Incoming resources £ Resources expended £ Transfers £ Balance at 31 March 2024 £ |
Balance at 1 April 2023 £ Incoming resources £ Resources expended £ Transfers £ Balance at 31 March 2024 £ |
|---|---|
| Unrestricted funds | |
| General unrestricted 65,232 240 (31,209) - 34,263 |
|
| Devon County Council Core Grant - 500,000 (500,000) - - |
|
Grant |
|
| Restricted funds | |
| Quids4Kids | - 80,000 (80,000) - - |
| Healthwatch | - 113,000 (113,000) - - |
| Action For Children | - 60,000 (60,000) - - |
| Carers Project | - 24,300 (24,300) - - |
| DASWAC/ABC | - 46,700 (46,700) - - |
| Household Support Fund | - 1,664 (1,664) - - |
| Total restricted funds | - 325,664 (325,664) - - |
| Total funds | 65,232 825,904 (856,873) - 34,263 |
Page 21
CAB Devon
Notes to the Financial Statements for the Year Ended 31 March 2025
Unrestricted Funds
Devon County Council Core Grant - funding received to provide generalist advice work in line with the aims and objectives of the charity.
Restricted Funds
Quids 4 Kids - a contractual arrangement with Devon County Council through Citizens Advice Devon to provide an income maximisation service for families with disabled children.
Devon Advice Services for Workings Age Carers (DASWAC) - provided by Devon County Council through Citizens Advice Devon to provide an advice service for working age carers.
Healthwatch Devon - a grant from Citizens Advice Devon to employ a Healthwatch Champion to assist clients in need.
Action for Children - a grant received to provide advice for users of Children's Centres in Devon. The service can provide a free benefit check, help with claiming benefits and give guidance on financial management. It can also help parents understand how getting a job or changing the hours they work would affect their income and benefits.
Carers Project - funding provided by Devon Carers through Citizens Advice Devon to provide an income maximisation service for Devon’s carers.
Household Support Fund – Department of Work and Pensions funds received through Devon County Council to support those most in need of help with significantly rising living costs. This fund was specifically for the distribution of fuel vouchers for Devon clients on prepayment meters and is now managed and distributed by partner LCAs. Funds received by CAB Devon are for local administration of project reporting.
National Lottery Community Fund - Devon Communities Connect
A two year National Lottery funded project to raise public awareness of Citizens Advice services in Devon, strengthen ties with local media and support volunteer recruitment across all Devon LCAs.
Page 22
CAB Devon
Notes to the Financial Statements for the Year Ended 31 March 2025
19 Analysis of net assets between funds
| 19 Analysis of net assets between funds |
||||
|---|---|---|---|---|
| Unrestricted | Total funds at | |||
| funds | Restricted | 31 March | ||
| General | funds | 2025 | ||
| £ | £ | £ | ||
| Tangible fixed assets | - | - | - | |
| Current assets | 55,663 | - | 55,663 | |
| Current liabilities | (21,166) | - | (21,166) | |
| Total net assets | 34,497 | - | 34,497 | |
| Unrestricted | Total funds at | |||
| funds | Restricted | 31 March | ||
| General | funds | 2024 | ||
| £ | £ | £ | ||
| Tangible fixed assets | - | - | - | |
| Current assets | 61,360 | - | 61,360 | |
| Current liabilities | (27,097) | - | (27,097) | |
| Total net assets | 34,263 | - | 34,263 | |
20 Related party transactions
There were no related party transactions in the year.
Page 23