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2025-03-31-accounts

Welfare Benefits Unit

Charity number 1164225

Annual Report and Financial Statements

for the year ended 31 March 2025

Welfare Benefits Unit

Annual Report and Financial Statements for the year ended 31 March 2025

Contents Page
Trustees' report 2 to 6
Examiner's report 7
Statement of financial activities 8
Balance sheet 9
Notes to the accounts 10 to 14

Prepared by West Yorkshire Community Accountancy Service CIO

1

Welfare Benefits Unit

Trustees' report for the year ended 31 March 2025

Reference and administrative details of the charity, its trustees and advisors

The trustees during the financial year and up to and including the date the report was approved were: Name Position Dates

Paul Murphy Richard Bridge Prof. Charlotte O'Brien Nicola Welch Prof. Peter Ball Helen Edwards Mark Taylor Dr Katie Pybus David Braithwaite

Resigned 18 November 2024 Resigned 24 June 2024 Appointed 1 January 2025

Charity number

1164225

Registered in England and Wales

Registered and principal address Bankers Welfare Benefits Unit Cooperative Bank plc 17 Priory Street PO Box 250, Delf House York Southway YO1 6ET Skelmersdale WN8 6WT

Independent examiner

Simon Bostrom FCIE West Yorkshire Community Accountancy Service CIO

Stringer House 34 Lupton Street Leeds LS10 2QW

Structure, governance and management

The charity is a Charitable Incorporated Organisation (CIO) - Foundation registered on 2 November 2015, and governed by a constitution.

Method of recruitment and appointment of trustees

Trustees are recruited by invitation and application. Our trustees come from a wide range of backgrounds including academia, the Civil Service, law, local government and the advice sector. Trustees' induction includes attendance at meetings as observers, and relevant information about the service and trustee responsibilities.

2

Welfare Benefits Unit

Trustees' report (continued) for the year ended 31 March 2025

Objectives and activities

The charity's objects

For the public benefit, the prevention or relief of poverty and financial hardship, the advancement of education and the protection of health in particular, but not limited to, the people of York and North Yorkshire.

These purposes will be advanced in particular but not exclusively by:

The provision of advice and assistance on welfare benefits, and other social welfare matters.

The provision of training, meetings, lectures and events in particular but not exclusively for persons working or engaged in the provision of social welfare.

Raising public awareness of welfare benefits and social welfare provision.

Providing written information, in print, online or otherwise.

Promoting, contributing to or undertaking organised research and experimental work, and disseminating the results thereof.

Providing consultancy for persons interested in welfare benefit provision, and related matters.

The charity's main activities

The Welfare Benefits Unit (WBU) offers specialist welfare benefits advice to those who work with members of the public. Our experienced team of advisers provides independent support through our advice line, publications, training, consultancy and project work.

Public benefit statement

In setting our objectives and planning our activities our Trustees have given serious consideration to the Charity Commission’s general guidance on public benefit and in particular the prevention or relief of poverty and financial hardship, the advancement of education and the protection of health.

Achievements and performance

The Welfare Benefits Unit provides expert welfare benefits advice to advisers and supporters who work with the public.

Our specialist second-tier provision underpins the North Yorkshire and York advice sector ensuring that local residents are supported to navigate through the complex welfare system, helping to maximise their income and reduce the impact of poverty, often at difficult points in their lives.

The welfare system can seem bewildering. Even with the introduction of Universal Credit it can seem like there are a myriad of options, and indeed, the ongoing managed migration process often necessitates comparisons between entitlement to Universal Credit and the legacy system it replaces. Benefit claims are made for many different reasons, from relationship or health changes, the arrival of a child or simply checking to see what might be available when current income does not stretch far enough and access to expert advice at key points can ensure residents can make informed choices.

Further, when answering queries on the Advice Line, our advisers regularly identify missing entitlement and incorrect assessments. The specialist advice we provide ensures that when a challenge to a benefit decision is needed, both residents and their frontline advisers are supported to provide effective arguments; utilising legislation, guidance and case law as appropriate.

Working in partnership with local organisations, our independent support provided through our advice line, training, publications, consultancy and projects brings expert advice and improved outcomes to residents and builds the confidence, skills and knowledge of local advisers.

3

Welfare Benefits Unit

Trustees' report (continued) for the year ended 31 March 2025

Achievements and performance continued

Advice Line

The WBU Advice Line (phone and email) is available Monday to Friday to anyone working with a North Yorkshire or York resident. Queries are answered promptly, and detailed explanation and guidance given.

The WBU received 1,038 enquiries from April 2024 to March 2025; these concerned 1,910 separate benefit issues. Seven out of ten related to complex, in-depth or extensive advice queries that required significant research using advanced reference material and extensive explanations.

In 2024/25 WBU was accessed by 275 advisers across 72 organisations within a number of sectors including social services, advice agencies, housing providers, carer support and services for older people.

Around six in ten enquiries included advice about Universal Credit; we expect this to continue to further increase as the government completes migration from legacy benefits in the forthcoming year. One in six of queries were for families with children and 74% related to households with at least one disabled person.

“Thank you for the swift and efficient response, it is very much appreciated.”

“Your support to me was invaluable and helped me understand the issues around this case.”

WBU continued to receive funding from Improving Finance, Improving Lives (CYC Financial Inclusion Steering Group) supplemented by City of York All Ward grant funding to run the AdviceExtra project. This focused on follow-up and in-depth advice provision for 2024/25. This funding, continuing in 2025/26, allows us to build on our core service and provide a broader range of support to York advisers and agencies.

WBU received funding from Two Riding Community Foundation’s York Community Fund to support the delivery of the Advice Line in York.

Our Legal Education Foundation funded project also supports the delivery of the Advice Line in the region.

Training

Welfare Benefit Unit training is provided contractually to City of York Council and North Yorkshire Council staff, as well as to Citizens Advice North Yorkshire. The courses are open to other advisers nationally with training revenue supporting quality provision of the WBU service.

Our training programme provides for advisers at all stages of advice-giving, from introductory courses for those just starting out to experienced level ones for those looking to expand or refresh their knowledge. Our trainers are all qualified, experienced and dedicated to high quality provision, responding to high demand and ongoing benefit changes.

This year, we delivered our popular three-day Introduction to Benefits alongside Universal Credit (Introduction, Migration, Income and Capital), Benefits Overview – Working Age, Benefits Following a Bereavement, Personal Independence Payment – How to get the Right Decision, Benefits for Disabled Young People Including Students, Benefits for State Pension Age People, Benefits to Help Pay Rent.

This year we provided 165.5 hours of training to 194 individuals from 48 organisations. Online provision attracts advisers from a wide geographical area.

“I thoroughly enjoyed this training and the information that all training provided over the weeks. I know so much more now than I did previously, especially with Pension Credit and ESA.”

“The course materials provided were excellent and the course leaders each day were fantastic at answering peoples questions and providing a positive learning experience. The course is truly beneficial to my role and I will use my knowledge gained in my role moving forward.”

4

Welfare Benefits Unit

Trustees' report (continued) for the year ended 31 March 2025

Achievements and performance continued

Publications

The WBU Advisers Guide to Benefits is a concise annual publication which provides an overview of welfare benefits, including eligibility and calculation. It is written for people who give information and advice, with its clear format ideal for accuracy and quick reference. It is an invaluable resource, currently used across a wide range of statutory and voluntary organisations, including advice, community, health, housing and probation services. It is supplemented by our Rates Card and disability and State Pension age leaflets for use with members of the public. In 2024/25 we sent out over 5,200 items to 300 organisations and individuals.

Our Benefits e-Bulletins and News in Brief keep advisers up to date on changes throughout the year. Our disability and State Pension age leaflets can also be downloaded from our website, providing a useful resource for advisers.

“I’m just getting in touch to say what a great Bulletin it is again. …Very helpful all the way through and a really nice tone.”

“The advisers guide is indispensable especially when doing outreach work, it is very portable yet contains all the basic rules and rates which I can then easily refer to when meeting clients.”

Other online resources include our benefit factsheets which provide in-depth information on specific areas (eg. Universal Credit and self-employment) as well as a quick-reference Benefits Checklist.

Forums meetings, social policy and collaborative working

Our online Forum meetings provide updating material and an opportunity to share information and network. In May 2024, we provided a benefits and Budget update and a specialist briefing from Child Poverty Action Group and in and November 2024 we provided a benefits and Budget update and a specialist briefing about challenging DWP disability discrimination.

Welfare Benefits Unit supports partnership working, putting advisers in touch with each other and relevant organisations through events such as our Forum meetings.

“Many thanks for today's presentation, it was really helpful.”

Response to consultations enables us to present the experience of claimants based on the cases we receive and our specialist knowledge of the benefit system. We submitted a response to the modernising support for independent living: the health and disability green paper consultation.

WBU experience also informs the work we do within regional networks and involvement in local and national forums, and sector conferences.

Consultancy services

WBU collaborates with a number of consultancy clients, supporting organisations with copy and technical writing, recruitment, training and supervision of staff and through file review, supporting quality assurance. During 2024/25, we provided over 130 hours of consultancy support.

Expanding this area of work has been supported through a Step Change Grant from Two Ridings Community Foundation which has led to a significant increase in supervision and file review customers.

Training for staff delivering file reviews and adviser technical supervision has been supported through a grant from The Charles and Elsie Sykes Trust.

Looking ahead

We have been successful in our bid for the North Yorkshire Council’s contract to provide second tier support to organisations working within North Yorkshire and training to North Yorkshire Council staff. Our SLA with City of York Council has been extended.

5

Welfare Benefits Unit

Trustees' report (continued) for the year ended 31 March 2025

Achievements and performance continued

Currently, revenue raised through grants, training and publication sales, and consultancy services are essential to ensure continued, quality assured service provision.

We received funding from City of York’s Financial Inclusion Fund to fund AdviceExtra for an additional year, offering in-depth support as the managed migration to Universal Credit nears completion alongside providing file review, supervision and training support to Peasholme Charity’s frontline advice workers.

Our collaborative project with the University of York, City of York Council, Citizens Advice York, Peasholme Charity, Age UK York and York Foodbank funded by Lloyds Bank Foundation for England & Wales continues for a further year, alongside Targeted Case Review research in partnership with University of York funded by the Legal Education Foundation. Two Ridings Community Foundation grants continue into June 2025.

Essential support from North Yorkshire Council and City of York Council recognises the positive impact that expert benefits advice has on residents and communities.

Financial review

The net income for the year was £32,994, including net expenditure of £22,533 on unrestricted funds and net income of £55,527 on restricted funds after transfers.

Reserves policy

The purpose of the Welfare Benefits Unit’s Reserves Policy is to ensure the financial stability of the organisation and the means for it to meet its charitable purposes.

The Reserves provide an internal source of funds for situations such as a sudden increase of expenses, one-off unbudgeted expenses, covering unforeseen day-to-day operational costs (eg. long-term staff sickness), a source of income not being renewed, a gap in funding to ensure continuity of service or uninsured losses. The Reserves also provide the opportunity to invest in developmental or innovative action to support service provision and sustainability.

Restricted funds

The Welfare Benefits Unit obtains funding for specific projects. Such funding is not included in the available reserves.

The Welfare Benefits Unit has an obligation to pay a pension withdrawal fee of £6,848 (latest update September 2024) if the WBU withdraws from The Pensions Trust Growth Plan. This is due because an employer is required by law to pay its share of this multi-employer defined benefit pension scheme when it is in deficit.

Reserves level

The Trustees recognise that the Welfare Benefits Unit is operating in a time of funding uncertainty. Current funding from North Yorkshire County Council and City of York Council does not fully cover core costs. The WBU also generates revenue through publications and training. The Trustees propose to maintain the charity’s reserves at a level which is at least equivalent to three months’ operational expenditure and not exceeding nine months’ operational expenditure. This would equate to between £68,755k and £206,325k based on budgeted activity. This level of reserves would allow the opportunity to explore other areas of income generation whilst maintaining service provision if funding was not renewed, in particular taking into account the need to meet differing contractual obligations.

The charity's free reserves, excluding fixed assets, at the year end were £58,545.

The Trustees review the amount of reserves to ensure that they are adequate to fulfil the charity’s continuing obligations at the quarterly Trustee Board meetings.

Approved by the board of trustees on 27 August 2025

Paul Murphy (Trustee)

6

Welfare Benefits Unit

Independent examiner's report to the trustees of Welfare Benefits Unit

I report to the charity trustees on my examination of the accounts of the CIO for the year ended 31 March 2025, which are set out on pages 8 to 14.

Responsibilities and basis of report

As the charity trustees of the CIO you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the CIO's accounts as carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

Since the CIO's gross income exceeded £250,000 your examiner must be a fellow 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 fellow of ACIE which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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.

Simon Bostrom FCIE

28 August 2025

West Yorkshire Community Accountancy Service CIO

Stringer House 34 Lupton Street Leeds LS10 2QW

7

Welfare Benefits Unit

Statement of Financial Activities

(including summary income and expenditure account) for the year ended 31 March 2025

Notes
2025
Unrestricted
funds
£
Income from:
Grants and contract income
(2)
111,945
Sales and fees
48,634
Total income
160,579
Expenditure on:
Staffing costs
(3)
148,965
External supervision
-
Freelance workers
1,558
Payroll charges
1,476
Staff travel and subsistence
511
Training and conferences
1,188
Printing and reproduction
7,251
Materials and resources
1,825
Rent and service charges
7,670
Office and administration
885
Small equipment and consumables
448
IT, software and maintenance
3,443
Office repairs and maintenance
111
Telephone and internet
1,842
Postage
1,156
Advertising and publicity
683
Bank charges
140
Insurance
1,603
Independent examination
1,024
Consultancy
390
Depreciation
1,014
Recruitment and HR
560
Payments to delivery partners
307
Total expenditure
184,050
Net income / (expenditure)
(23,471)
Transfers between funds
(4)
938
Net movement in funds
(22,533)
Fund balances brought forward
84,307
Fund balances carried forward
(4)
61,774
2025
Restricted
funds
£
182,772
-
182,772
45,490
-
-
-
-
1,880
398
-
2,039
145
115
889
17
764
298
176
-
413
296
-
-
1,154
72,233
126,307
56,465
(938)
55,527
9,937
65,464
2025
Total
funds
£
294,717
48,634
343,351
194,455
-
1,558
1,476
511
3,068
7,649
1,825
9,709
1,030
563
4,332
128
2,606
1,454
859
140
2,016
1,320
390
1,014
1,714
72,540
310,357
32,994
-
32,994
94,244
127,238
2024
Total
funds
£
151,992
38,533
190,525
176,135
145
935
1,392
212
1,631
8,504
2,138
8,789
784
1,168
6,220
89
2,321
1,560
420
151
1,990
945
675
826
1,117
-
218,147
(27,622)
-
(27,622)
121,866
94,244

All incoming resources and resources expended derive from continuing activities.

8

Welfare Benefits Unit

Balance sheet

as at 31 March 2025
2025
Unrestricted
£
Fixed assets
Tangible assets
(5)
3,229
Total fixed assets
3,229
Current assets
Debtors and prepayments
(6)
5,562
Cash at bank and in hand
(7)
158,612
Total current assets
164,174
Current liabilities:
amounts falling due within one year
Creditors and accruals
(8)
105,629
Total current liabilities
105,629
Net current assets / (liabilities)
58,545
Net assets
61,774
Funds
Unrestricted funds
61,774
Restricted funds
-
Total funds
61,774
2025
Restricted
£
-
-
-
65,464
65,464
-
-
65,464
65,464
-
65,464
65,464
2025
Total
£
3,229
3,229
5,562
224,076
229,638
105,629
105,629
124,009
127,238
61,774
65,464
127,238
2024
Total
£
3,305
3,305
15,322
83,218
98,540
7,601
7,601
90,939
94,244
84,307
9,937
94,244

The financial statements were approved by the board of trustees on 27 August 2025

Paul Murphy (Trustee)

9

Welfare Benefits Unit

Notes to the accounts

for the year ended 31 March 2025

1 Accounting policies

Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102. There has been no change to the accounting policies since last year. No changes have been made to the accounts for previous years.

Going concern

The trustees are satisfied that there are no material uncertainties about the charity's ability to continue.

Incoming resources

All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, if it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability.

Grants and donations

Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.

Where grants are related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by its performance.

Expenditure and liabilities

Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.

Taxation

As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.

Tangible fixed assets

Tangible fixed assets costing more than £1,000 are capitalised and included at cost including any incidental expenses of acquisition. Gifted assets are shown at the value to the charity on receipt. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a straight line basis over their expected useful economic lives as follows: Office equipment: over 5 years

Pensions

The charity operates a defined contribution scheme for the benefit of its employees. The costs of contributions are recognised in the year they are payable.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.

Further explanation of the nature and purpose of each fund is included in the notes to the accounts.

10

Welfare Benefits Unit

Notes to the accounts continued

for the year ended 31 March 2025

2 Grants and donations
Contracts and Service Level Agreements
North Yorkshire County Council (NYCC)
City of York Council (CYC)
Grant income
City of York Council Customer and Communities
Lloyds Bank Foundation
The Legal Education Foundation
The Charles and Elsie Sykes Trust
Two Ridings Community Foundation
Department of Work and Pensions (DWP)
Other donations
3 Staff costs and numbers
Gross salaries
Social security costs
Employment allowance
Life cover
Pensions
2025
Unrestricted
funds
£
101,995
5,150
-
-
-
-
-
4,800
111,945
2025
Restricted
funds
£
-
-
31,700
50,000
93,322
2,750
5,000
-
-
182,772
2025
Total
funds
£
101,995
5,150
31,700
50,000
93,322
2,750
5,000
-
4,800
294,717
2025
£
175,161
14,038
(5,000)
758
9,498
194,455
2024
Total
funds
£
101,995
-
37,285
-
-
-
9,250
3,462
-
151,992
2024
£
159,320
12,572
(5,000)
620
8,623
176,135

The average number of employees during the year was 8.2, being an average of 5.2 full time equivalent (2024: 7.5, 4.8 FTE). There were no employees with emoluments above £60,000.

Defined contribution pension scheme
Costs of the scheme to the charity for the year
4 Restricted funds
Balance b/f
£
Two Ridings Community Found.
-
Two Ridings Community Found.
9,250
CYC Customer and Communities
210
CYC Customer and Communities
477
Legal Education Foundation
-
Lloyds Bank Foundation
-
Charles and Elsie Sykes Trust
-
9,937
Incoming
£
5,000
-
9,000
22,700
93,322
50,000
2,750
182,772
Outgoing
£
2,500
7,708
9,210
23,177
68,165
13,735
1,812
126,307
2025
£
9,498
Transfers
£
-
-
-
-
-
-
(938)
(938)
2024
£
8,623
Balance c/f
£
2,500
1,542
-
-
25,157
36,265
-
65,464

11

Welfare Benefits Unit

Notes to the accounts continued

for the year ended 31 March 2025

4 Restricted funds continued

Fund name

Purpose of restriction

Two Ridings Community Found. York Community Fund grant towards Welfare Rights Advisor salary, providing funding to sustain our core Advice Line service for York phone and email enquiries.

Two Ridings Community Found.

CYC Customer and Communities CYC Customer and Communities Legal Education Foundation

Lloyds Bank Foundation

Charles and Elsie Sykes Trust

Step Change grant towards the Chief Executive's salary, and salary contribution for our Consultancy and File Review Lead, supporting the development of new services, identifying funding opportunities and working to promote and enhance the public awareness of the organisation.

Grant funding for the Advice Extra project offering follow-up, in-depth support, training and development.

City of York Council (Communities and Equalities) – funding to provide our core service: advice line, training, and publications.

Funding towards a research partnership project with the University of York and the Administration Fairness Lab, examining system-level issues (including appeals) on Targeted Case Reviews, researching both welfare benefits advisers and claimant experiences.

A partnership collaboration project, funding a Campaigns Co-ordinator based at WBU to provide capacity for supporting partnership working across the Advice York network and co-ordinating policy influencing activities, funding for participatory workshops led by experienced practitioners and coproducing policy recommendations and regional influencing.

Funding for specialist ‘effective supervision’ training for our staff, to enable expansion of our services and support offered to the advice sector, and funding to replace two laptops. The transfer relates to the purchase of assets for the charity's general purposes.

Tangible assets
Cost
At 1 April 2024
Additions
Disposals
At 31 March 2025
Depreciation
At 1 April 2024
Charge for year
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024
£
12,488
938
-
13,426
9,183
1,014
10,197
3,229
3,305
Office
equipment
Total
£
12,488
938
-
13,426
9,183
1,014
10,197
3,229
3,305

5 Tangible assets

12

Welfare Benefits Unit

Notes to the accounts continued

for the year ended 31 March 2025

6 Debtors and prepayments
Debtors
Prepayments
Accrued income
7 Cash at bank and in hand
Cash at bank
Cash in hand
8 Creditors and accruals
Creditors
Accruals
Deferred income (see note below for analysis)
2025
£
3,378
2,184
-
5,562
2025
£
224,044
32
224,076
2025
£
-
1,320
104,309
105,629
2024
£
2,889
4,386
8,047
15,322
2024
£
83,197
21
83,218
2024
£
675
945
5,981
7,601

9 Related party transactions

Trustee expenses

No trustee received any expenses during this year or the previous year.

Trustee remuneration and benefits

No trustee received any remuneration or benefit during this or the previous year.

Remuneration and benefits received by key management personnel

The total employee benefits received by key management personnel were £56,490 (previous year: £61,401).

10 Contingent liabilities - Defined benefit pension scheme

The charity is a member of a multi-employer defined benefit pension scheme. No new members can be enrolled into this scheme.

The scheme is accounted for as a defined contribution plan because sufficient information is not available to use defined benefit accounting.

Where an agreed deficit funding arrangement is in place a liability for this obligation will be recorded in the accounts. This would be the net present value of the deficit contributions payable.

For the current scheme a revised recovery plan took effect in April 2016.

Annual deficit contributions under this plan for the charity are £nil.

The estimated cost of withdrawal (i.e. the contingent liability) has been calculated at September 2024 as £6,848.

13

Welfare Benefits Unit

Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 31 March 2025

2025
2024
Unrestricted Unrestricted
funds
funds
£
£
Income
Grants and contract income
111,945
101,995
Sales and fees
48,634
38,533
Total income
160,579
140,528
Expenditure
Staffing costs
148,965
141,749
External supervision
-
145
Freelance workers
1,558
935
Payroll charges
1,476
1,392
Staff travel and subsistence
511
212
Training and conferences
1,188
1,601
Printing and reproduction
7,251
8,008
Materials and resources
1,825
2,138
Rent and service charges
7,670
6,944
Office and administration
885
516
Small equipment and consumables
448
309
IT, software and maintenance
3,443
2,910
Office repairs and maintenance
111
59
Telephone and internet
1,842
1,526
Postage
1,156
1,026
Advertising and publicity
683
420
Bank charges
140
151
Insurance
1,603
1,308
Independent examination
1,024
945
Consultancy
390
675
Depreciation
1,014
826
Recruitment and HR
560
1,117
Payments to delivery partners
307
-
Total expenditure
184,050
174,912
Net income / (expenditure)
(23,471)
(34,384)
Transfers between funds
938
1,825
Net movement in funds
(22,533)
(32,559)
Fund balances brought forward
84,307
116,866
Fund balances carried forward
61,774
84,307
2025
Restricted
funds
£
182,772
-
182,772
45,490
-
-
-
-
1,880
398
-
2,039
145
115
889
17
764
298
176
-
413
296
-
-
1,154
72,233
126,307
56,465
(938)
55,527
9,937
65,464
2024
Restricted
funds
£
49,997
-
49,997
34,386
-
-
-
-
30
496
-
1,845
268
859
3,310
30
795
534
-
-
682
-
-
-
-
43,235
6,762
(1,825)
4,937
5,000
9,937
2025
Total
funds
£
294,717
48,634
343,351
194,455
-
1,558
1,476
511
3,068
7,649
1,825
9,709
1,030
563
4,332
128
2,606
1,454
859
140
2,016
1,320
390
1,014
1,714
72,540
310,357
32,994
-
32,994
94,244
127,238
2024
Total
funds
£
151,992
38,533
190,525
176,135
145
935
1,392
212
1,631
8,504
2,138
8,789
784
1,168
6,220
89
2,321
1,560
420
151
1,990
945
675
826
1,117
-
218,147
(27,622)
-
(27,622)
121,866
94,244

14