BEXLEY BOROUGH CITIZENS ADVICE BUREAUX LIMITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
Charity registration number 275955
Company Registration number: 01368988
Independent Examiner:
Sadler Davies (Trading as: Finsbury Robinson Ltd) Top Floor, West Hill House, Dartford, Kent DA1 2EU
Registered Address:
42 Pier Road, Erith Kent DA8 1TA
BEXLEY BOROUGH CITIZENS ADVICE BUREAUX LIMITED
Year Ended 31st March 2025
Contents:
| Page | |
|---|---|
| Reference and Administration Details | 1 |
| Report of the Trustees | 2 - 4 |
| Statement of Assets & Liabilities | 5 |
| Statement of Financial Activities | 6 |
| Notes to the Financial Statements | 7 - 9 |
| Independent Examiners report | 10 |
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6
BEXLEY BOROUGH CITIZENS ADVICE BUREAUX LIMITED STATEMENT OF FINANCIAL ACTIVITIES Year Ended 31st March 2025
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Notes Unrestricted Funds Restricted TOTAL FUNDS
General Designated Funds 2025 2024
£ £ £ £ £
INCOMING RESOURCES
Donations and legacies 6a 700.00 - - 700.00 22,600.00
Charitable Activities 6b 219,302.00 - 111,886.92 331,188.92 349,354.00
Investments 6c 14,406.24 - - 14,406.24 12,325.98
TOTAL £234,408.24 - £111,886.92 £346,295.16 £384,279.98
RESOURCES EXPENDED
Charitable Activities 7a 226,558.36 - 130,874.12 357,432.48 338,550.81
Other expenditure 7b 7,200.54 - 938.59 8,139.13 2,908.00
TOTAL £233,758.90 - £131,812.71 £365,571.61 £341,458.81
NET INCOMING / ( OUTGOING ) RESOURCES
BEFORE TRANSFERS 649.34 - (19,925.79) (19,276.45) 42,821.17
ADDITIONS TO & RELEASES FROM FUNDS 8 (4,087.87) - 4,087.87 - -
NET MOVEMENT IN FUNDS (£3,438.53) - (£15,837.92) (£19,276.45) £42,821.17
BALANCES BROUGHT FWD AT
1 APRIL 2024 (2023) £230,533.05 £16,000.00 £46,331.56 £292,864.61 £250,043.44
BALANCES CARRIED FWD AT
31 MARCH 2025 (2024) £227,094.52 £16,000.00 £ 30,493.64 £273,588.16 £292,864.61
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7
BEXLEY BOROUGH CITIZENS ADVICE BUREAUX LIMITED NOTES TO THE FINANCIAL STATEMENTS Year Ended 31st March 2025
1 Accounting Policies
1a Accounting Convention
The financial statements have been prepared under the historical cost convention and in accordance with Charities SORP (FRS102) 2015 and with regard to the Charities Act 2011. An independent examination is required under the Charities Act 2011. Abridged financial statements have been filed with Companies House in accordance with the special provisions of the Companies Act 2006 relating to smaller companies. No audit is required under exemption S 477 of the Companies Act 2006.
1b Tangible Fixed Assets
Depreciation is calculated on fixed assets in order to write off each asset over its estimated useful life.
Effective 1st April 2024, the trustees have decided to change the depreciation rule for all fixed assets to a 20% straight-line method. This replaces the previous 20% reducing balance method used for computers, office equipment, and office furniture. This change means that depreciation will now be calculated as a fixed percentage of the asset's original cost each year, rather than a percentage of its declining book value.
1c
Pension costs
The charity pays into The Peoples Pension scheme for all qualifying employees.
1d 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 subject to restrictions on their expenditure imposed by the donor of each fund.
| 2 TANGIBLE FIXED ASSETS Cost at the beginning of the year Additions Disposals Cost at the end of the year Accumulated Depreciation 1st April 2024 Charge for year Depreciation eliminated on disposals NET BOOK VALUE 31st March 2025 3 DEBTORS AND ACCRUED INCOME Other Debtors Prepayments Travel Expenses Refund 4 MONETARY ASSETS Bank current Account: CAF Bank deposit Account: COIF 5 LIABILITIES FALLING DUE WITHIN 1 YEAR Deferred Income Accrued expenses Pension liability |
Office Equipment £ (Restricted) 3,751.55 629.00 - 4,380.55 2,809.79 938.59 3,748.38 £632.17 |
Office Equipment £ 30,467.74 3,818.56 - 34,286.30 19,482.87 6,642.36 26,125.23 £8,161.07 2025 - 252.00 - £252.00 2025 24,420.69 272,920.23 £297,340.92 2025 23,698.00 9,100.00 - £32,798.00 |
Furniture £ 5,171.18 - - 5,171.18 4,613.00 558.18 5,171.18 £0.00 2024 34,000.00 - 1,500.00 £35,500.00 2024 16,489.27 231,401.99 £247,891.26 2024 - 2,200.00 811.46 £3,011.46 |
TOTAL £ 39,390.47 4,447.56 - 43,838.03 26,905.66 8,139.13 - 35,044.79 £8,793.24 |
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BEXLEY BOROUGH CITIZENS ADVICE BUREAUX LIMITED NOTES TO THE FINANCIAL STATEMENTS Year Ended 31st March 2025
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8
6 INCOMING RESOURCES Unrestricted Restricted TOTAL FUNDS
General Funds 2025 2024
6a Voluntary Income £ £ £ £
Donations and legacies 700.00 - 700.00 600.00
Other grants and income - - 22,000.00
700.00 - 700.00 22,600.00
6b Charitable Activities-Grants
Bexley Council 216,300.00 - 216,300.00 216,300.00
Bexley Council Debt Advice Fund - 37,000.00 37,000.00 34,000.00
CitA Cost of Living Grant - - - 15,000.00
CitA Energy Advice Programme - - - 11,812.50
Trust for London Fund - 29,103.50 29,103.50 34,854.50
Trussell Trust - 36,259.22 36,259.22 36,427.08
London Borough of Bexley Fuel Voucher Scheme - 9,524.20 9,524.20 -
Charitable Activities-fundraising 3,002.00 - 3,002.00 959.92
219,302.00 111,886.92 331,188.92 349,354.00
6c Income from investment
Bank interest 14,406.24 14,406.24 12,325.98
14,406.24 - 14,406.24 12,325.98
TOTAL INCOMING RESOURCES £234,408.24 £111,886.92 £346,295.16 £384,279.98
7 RESOURCES EXPENDED Unrestricted Restricted TOTAL FUNDS
General Funds 2025 2024
£ £ £ £
7a Expenditure on charitable activities
Rent of offices 20,207.04 - 20,207.04 17,708.50
Training - - - 775.00
Travel 223.03 596.51 819.54 245.29
IT supplies & support 3,660.63 40.00 3,700.63 4,369.66
Salaries & Wages 168,622.64 96,694.78 265,317.42 270,359.93
Employers NI 9,737.17 6,693.45 16,430.62 18,108.35
Pensions 2,229.80 1,626.50 3,856.30 3,414.50
Recruitment - - - 704.40
Volunteer Costs 806.76 - 806.76 770.41
Telephone 1,946.55 - 1,946.55 3,455.93
Printing postage stationery 2,877.33 46.88 2,924.21 1,298.50
Office Supplies 112.11 - 112.11 525.08
Membership Fees & Subscriptions 8,557.29 141.00 8,698.29 8,356.15
Insurance 1,936.59 - 1,936.59 2,191.80
Company accounts filing fees 34.00 - 34.00 13.00
Bank charges 60.00 - 60.00 60.00
Accountancy and book keeping 1,570.00 - 1,570.00 1,290.00
Bexley Fuel Voucher Scheme 25,035.00 25,035.00 -
Sundry 3,977.42 - 3,977.42 4,904.31
226,558.36 130,874.12 357,432.48 338,550.81
7b Other expenditure
Depreciation Computer & Equipment 6,642.36 938.59 7,580.95 2,770.00
Depreciation Furniture & Fittings 558.18 - 558.18 138.00
7,200.54 938.59 8,139.13 2,908.00
TOTAL RESOURCES EXPENDED £233,758.90 £131,812.71 £365,571.61 £341,458.81
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9
BEXLEY BOROUGH CITIZENS ADVICE BUREAUX LIMITED NOTES TO THE FINANCIAL STATEMENTS Year Ended 31st March 2025
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8. Summary of Fund Movements
Balance
Balance 31 March
Designated Funds 31 March 2024 Income Expenditure Net Movement Transfers 2025
Repairs Contingency Fund 6,000.00 - - - - 6,000.00
IT Contingency 10,000.00 - - - - 10,000.00
TOTAL DESIGNATED FUNDS £16,000.00 - - - - £16,000.00
Balance
Balance 31 March
Restricted Funds 31 March 2024 Income Expenditure Net Movement Transfers 2025
Fixed Assets - - 711.32 (711.32) 711.32 -
Debt Adviser - 37,000.00 40,865.75 (3,865.75) 3,865.75 -
CitA Energy Advice Programme 11,077.50 0.00 0.00 11,077.50 11,077.50
Trust for London Fund 15,954.50 29,103.50 30,000.00 15,058.00 15,058.00
Trussell Trust 3,299.56 36,259.22 35,200.64 4,358.14 4,358.14
London Borough of Bexley Fuel Voucher Scheme 16,000.00 9,524.20 25,035.00 489.20 (489.20) -
TOTAL RESTRICTED FUNDS £46,331.56 £111,886.92 £131,812.71 £26,405.77 £4,087.87 £30,493.64
General £230,533.05 £234,408.24 £233,758.90 £649.34 (£4,087.87) £227,094.52
TOTAL £292,864.61 £346,295.16 £365,571.61 £27,055.11 - £273,588.16
9. Staff Costs
2025
£
Gross wages, salaries and benefits in kind 265,317.42
Employer’s National Insurance costs 16,430.62
Pension costs 3,856.30
Total staff costs 285,604.34
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Average number of full-time equivalent employees in the year: 7.25
10. Trustee Remuneration
During the year, none of the trustees received any remuneration or any other benefits from employment with the charity.
11. Trustee Expenses
None of the trustees have claimed expenses or had their expenses met by the charity.
| 2025 | |
|---|---|
| Number of Trustees | 0 |
| Reimbursement of expenses | £0.00 |
12. Related Party Disclosures
There were no related party transactions for the year ended 31 March 2025.
BEXLEY BOROUGH CITIZENS ADVICE BUREAUX LIMITED
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 MARCH 2025
INDEPENDENT EXAMINER'S REPORT TO THE TRLISTEES OF THE BEXLEI. BOROUGH CITIZENS
ADVICE BUREAUX LIlITED
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