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2023-03-31-accounts

Contents Contents
Trustees'
report incorporating		 the strategic report. .. .3-29
Independent
auditors'		 report. .. ..30-33
Statement offinancial activities. ..34-35
Balance sheet 36
Cash flow statement. . 37
Notes to the financial statements. ..... ..38-52

tructure , governa nce
and management		 nce
and management
Status Child Poverty Action Group ("the CPAG") is a charitable company limited by
guarantee.
Governing document The charitable
company		 was established under a Memorandum ofAssociation
which established
the objects and		 powers ofthe charitable company and is
governed
under its Articles ofAssociation.
Company number 1993854
Charity number Registered
with the Charity Commission		 for England and Wales registration
number 294841, and with the Office ofthe Scottish Charity Regulator
registration
number SC039339
Registered office and 30Micawber Street
operational address London
N1 7TB
Email officeCrcpag. org.uk
Website cpag.org.uk
Honorary officers Jane Millar Chair
Mark Cooke Vice Chair
Mark Cooke Treasurer
Chief Executive Alison Garnham
Company Secretary Chineze
Okonkwo-Onyilo
Bankers NatWest
Bank pic
Islington
Angel Branch
2/3 Upper Street
London N10PH
Solicitors Russell-Cooke
2 Putney
Hill
London SW15 6AB
Auditors Haysmacintyre
LLP
10Queen Street Place
London
EC4R 1AG

~ ~
Failure to sustain Our reliance on funders
and		 Sales and income reports generated
and regularly
income or sudden business
income, and pressures		 reviewed to enable agility and timely corrective action.
unforeseen loss of facing supporters
and customers,		 Close monitoring
ofgrant-funded
projects to ensure that
income creates risk. funding
conditions
are met within timescales
given.
Large or sudden
increase
in
expenditure
against approved		 Any reduction
in sales or
cancellation
ofgrants
may lead to
inability to sustain our vital policy
and advocacy work. We aim to
build unrestricted
income which		 Improve our CRM (database)
and website to enable us to
develop fundraising
in areas other than trusts and
foundations
including
legacies programme,
individual
donations
and corporates.
Continue to develop
new creative offerings to our
budgetlevels enables us to post a surplus
and
build reserves to the required		 publications,
training
and membership
customers.
Continue to use more effective debt-chasing
procedures.
levels. The reserves increased
substantially
in the previous year
and this year. We have sufficient funds
in the bank for
deferred
income.
Loss of reputation Given greater media interest
in		 We comment
and focus only where we are expert and
or market share charities
and increased
exposure to		 have evidence.
over time as public comment through
social		 We have clear lines of accountability
for sign-off of all
leading experts on media activity ofour advocacy and external documents
and designated
media spokespeople
social security and policy work, there
is a risk that our		 in place.
child poverty for reputation,
credibility or market		 We have prioritised
funding to employ more expert
government, share as the leading independent analysts than before.
media, users and experts on social security and child Regular horizon-scanning
ofsector issues and
stakeholders or poverty
may be challenged.		 competition.
sudden
reputational		 risk Other organisations
have moved
into the poverty and social secunty		 Policy Committee
regularly
review positioning.
CPAG has received
pro bono advice on the implications		 of
fields. They are often better the Lobbying Act and, during
regulated
periods, ensures		 a
resourced
than we are.		 review
is undertaken
on whether
registration
is needed,
Nevertheless
we continue to use		 relevant
activities are signed off and a log kept of relevant
our limited resources
in a targeted		 spending.
and strategic way to maintain
our		 CPAG continues to maintain
a leadership
role on child
leadership
role.		 poverty and social security,
including
hosting
End Child
Poverty which strengthens
this work through
regular
sector meetings.
We pursue joint working with partners
where possible and
appropriate.
Failure
in		 Law and guidance
are constantly		 Board aware ofits governance
role, receiving
regular
organisational developing
and we operate
in a		 updates
on charity law. We have an induction
pack for
governance or complex and fast-changing new Trustees.
regulatory
failure		 environment. Elected Board means we can fill skills gaps.
Public accountability
via annual
report.
Regular review of skills set and performance
against
Charity Commission
guidelines.
Regular review of all policies including
safeguarding
and
GDPR.

Recruitment and Recruitment Recruitment Recruitment and retention ofstaff— ofstaff— Hire the best staff CPAG can attract.
retention of staff particularly senior and specialist System ofdevelopment
and appraisals
means reward		 can
—particularly staff due to better-off competitors. be reviewed
and support offered.
senior and Opportunities
for development
prioritised
by managers.
specialist staff Procedure for proper handover
on exits in place.
due to better-off Continue to conduct regular supervisions
and reviews.
competitors Training offered wherever
possible.
Failure to manage Growth in organisation
has		 Constant
monitoring
ofactivities
and resources
within
shrinkage
in		 stimulated growth
in income		 large projects.
organisation size generating and servicing teams. Including the projects as part ofour risk assessment
when
large		 process which involves Trustees and the senior
projects end Given our ambitions to grow our management
team working together.
impact there
is a		 risk that, as we Staff leave as contracts end unless additional
funding		 has
expand, we fail to successfully been found.
downsize after delivery of large
rejects.
Major ICTsystems Our objective to move towards Our new ICT company,
Taran, run our support contract
failure due to digital provision and service and ICT issues are now dealt with much faster than before.
hardware
or		 continues with investment from Most ICT issues are now resolved
within four hours of
software systems funding and core where being raised.
crash, viral attack appropriate. All staff now equipped for home working,
with laptops,
orfailure to
business
requirements		 meet We are increasingly
reliant on IT
systems
and need to keep up, and
also to keep our data and users'
data safe.		 cloud-hosted
VPN and Office 365.Risks ofaccess to VPN
and server problems
now gone. There is no more use of
personal
laptops.
Mobile device management
(MDM) added to all mobiles
Failure to stay and laptops, protecting from data breaches when used at
ahead of IT home or out ofoffice.
developments Getting Cyber Essentials
Plus certification
(CE+) —the most
which optimise advanced
level, suitable for organisations
with remote
use ofCRM, workers.
website and We have moved to offsite backup facilities and we now
online shop have internal
ICTsupport.
We know how to implement
a plan to ensure
minimal
disruption
to business as usual with staff all capable of
working
remotely.
We have implemented
Share Point in 2023 which reduces
risk of hardware
failure and VPN no longer needed.
Continual
improvements
to all platforms,
including
CMS.
Cpag.org.uk rebuild
underway
now that Dru pal 7obsolete.
Our Board Digital Committee
monitors
digital
develo
ments.
Loss of reputation The sector has experienced more Good working practices and procedures
and disciplinary
due to industrial pay disputes and HR issues due to policies in place
action and/or lockdown and the cost of living Comprehensive
Staff I-landbook
in place.
expensive crisis Regular one-to-ones, team and staff meetings
and positive
involvement in working relationship
with staff members.
employment Focussing more attention
on staff health
and wellbeing
tribunal and support since Covid.
Continue to review policies and procedures.
SMT receives help on policy development
from our
employment
lawyer and
HR consultants.

Income from:
Donations 1,265,844 1,265,844
Legacies 24,359 24,359
Activities for generating funds
Rent and room hire 830 830
Charitable
activities:
Publications 1,033,061 73,212 1,106,273
Welfare rights and test cases 109,977 1,040,809 1,150,786
Training 444,207 274,680 718,887
Membership 68,325 68,325
Information,
research		 and campaigning 7,161 1,377,426 1,384,587
Investments 37,833 37,833
Other
Total 2,991,597 2,766,127 5,757,724
Expenditure
on:
Raising funds 323,277 323,277
Charitable
activities:
Publications 968,573 73,212 1,041,785
Welfare rights and test cases 232,572 1,040,809 1,273,381
Training 373,653 276,682 650,335
Membership 37,926 37,926
Information,
research		 and campaigning 677,738 1,377,426 2,055,164
Total 2,613,739 2,768,129 5,381,868
Net income/(expenditure)
investment
gains		 before 377,858 (2,002) 375,856
Gross transfers
between		 funds
Net income/(expenditure) 377,858 (2,002) 375,856
Unrealised
investment		 gains 178 178
Net movement
in funds		 378,036 (2,002) 376,034
Totalfunds
brought forward		 4,554,454 2,002 4,556,456
Total funds carried forward 4,932,490 4,932,490
Income from:
Donations 1,212,357 1,212,357
Legacies 42,033 42,033
Activities for generating funds
Rent and room hire
Charitable
activities:
Publications 1,092,552 51,975 1,144,527
Welfare rights and test cases 187,618 979,983 1,167,601
Training 464,488 232,675 697,163
Membership 61,593 61,593
Information,
research		 and campaigning 250 1,484,154 1,484,404
Investments 9,706 9,706
Other 15,846 15,846
Total 3,086,443 2,748,787 5,835,230
Expenditure
on:
Raising funds 259,642 259,642
Charitable
actiwties:
Publications 768,121 51,975 820,096
Welfare rights and test cases 279,858 985,843 1,265,701
Training 257,085 232,675 489,760
Membership 39,217 39,217
Information,
research		 and campaigning 482,015 1,490,908 1,972,923
Total 2,085,938 2,761,401 4,847,339
Net income/(expenditure)
investment
gains		 before 1,000,505 (12,614) 987,891
Gross transfers
between		 funds
Net income/(expenditure) 1,000,505 (12,614) 987,891
Unrealised
investment		 gains 69 69
Net movement
in funds		 1,000,574 (12,614) 987,960
Total funds brought forward 3,553,880 14,616 3,568,496
Total funds canied forward 4,554,454 2,002 4,556,456

FIXEDASSETS
Tangible fixed assets 1,571,400 1,653,916
Investments 1,555,740 1,528,211
3,127,140 3,182,127
CURRENT ASSETS
Stock 10 84,277 91,684
Debtors 11 1,024,127 1,081,585
Cash and short-term deposits 2,563,644 2,276,789
3,672,048 3,450,058
CREDITORS: amounts falling due
within one year 12 (1,866,698) (2,075,729)
NET CURRENT ASSETS 1,805,350 1,374,329
TOTAL ASSETS LESSCURRENT
LIABILmES 4,932,490 4,556,456
13 4,932,490 4,556,456
FUNDS
Restricted funds 2,002
Unrestricted
funds:
Designated
funds		 3,308,275 3,582,229
General funds 1,624,215 972,225
TOTAL CHARITY FUNDS 14 4,932,490 4,556,456

Cashfiowa from operating
activities
Net cash provided
by operating
activities		 (see note below) 281,403 1,253,570
Cash flows from investing
activities
Investment
income received		 37,833 9,706
Purchase of property,
plant and equipment		 (5,030) (6,196)
Purchase of investments (27,351) (409,698)
Net cash (used in)/provided
by investing		 activities 5,452 (406,188)
Change
in cash and cash eqtnvalents
in the		 year 286,855 847,382
Cash and cash equivalents
at the start of		 the year 2,276,789 1,429,407
Cash and cash equivalents at the end ofthe year 2,563,644 2,276,789
Note: reconciliation ofnet expenditure tonet cash used by operating activities
Net income/(expenditure)
for the year		 376,034 987,960
Adjustments
for:
Depreciation 87,545 96,290
Investment
(gains)/losses		 (178) (69)
Investment
income		 (37,833) (9,706)
Decrease/(increase)
in stock		 7,407 (16,740)
Decrease/(increase)
in debtors		 57,458 491,533
(Decrease)/increase
in creditors		 (209,030) (295,698)
Net provided
by operating
activities		 281,403 1,253,570

2023 2022
Publications 10% 89o
Welfare rights and test cases 29% 29%
Training 18% 1290
Membership 09o 1%
Information, research and campaigning 37o/o 44%o
Fundraising and publicity 5%o 5%o
Governance 1%o 1%

This is stated after charging: This is stated after charging:
Depreciation 87,545 96,290
Operating
lease rentals:
Property 7,618 41,685
Equipment 16,716 4,199
Auditors'
remuneration:
Audit Current Year provision 18,000 15,000
Audit relating to previous year 1,000
Trustees'
remuneration:
Costs paid for Trustees
Trustees'
reimbursed		 expenses 121
~ ~
Costs ofgenerating funds
Raising funds 69,456 253,821 323.277
Charitable
activities
Publications 127,615 914,170 1,041,785
Welfare rights 323,316 950,065 1,273,381
Training 165,156 485,179 650,335
Membership 4,439 33,487 37,926
Information,
research and campaigning		 457,830 1,597,334 2,055,164
Total expenditure 1,147,812 4,234,056 5,381,868

Costs ofgenerating funds funds
Raising funds 51,987 207,655 259,642
Charitable
activities
Publications 85,074 735,022 820,096
Welfare rights 301,562 964,139 1,265,701
Training 122,159 367,601 489,760
Membership 6,380 32,837 39,217
Information,
research		 and campaigning 453,108 1,519,815 1,972,923
Total expenditure 1,020,270 3,827,069 4,847,339
Salaries and wages 2,967,170 2,740,720
Social security costs 309,763 271,577
Pension contributions 164,273 154,062
Redundancy
costs		 16,897
3,458,103 3,166,359
Agency staff costs 2,968 45,683
Total staff costs 3,461,071 3,212,042
Welfare rights and test cases Welfare rights and test cases 18 17
Information, research and campaigning 23 27
Fundraising and publicity 3 3
Training 8 6
Membership 1 1
Publications 4 5
Governance 1 1
Support activities 10 9
68 69
At 01/04/2022 1,766,146 107,225 381,555 2,254,926
Additions
in year		 3,664 1,366 5,030
At 31March 2023 1,766,146 110,889 382,921 2,259,956
Depreciation
At 01/04/2022 251,261 76,296 273,453 601,010
Charge for 2022/23 35,537 9,211 42,798 87,546
At 31March 2023 286,798 85,507 316,251 688,556
Net BookValue
At 31March 2023 1,479,348 25,382 66,670 1,571,400
At 31March 2022 1,514,885 30,929 108,102 1,653,916
Market value at the start ofthe year 1,528,211 1,118,444
Amount
deposited
in the year		 27,351 409,698
Unrealised
gain		 178 69
Market value at the end ofthe year 1,555,740 1,528,211
Historic cost at year end 1,557,243 1,529,537
Investments
comprise:
Close Brothers Group Pic 1,554,237 1,526,886
Shares listed on the LSE 1,501 1,323
Investment
in trading
subsidiary		 2 2
1,555,740 1,528,211

Work in progress Work in progress 79,701 79,072
Publications for resale 4,576 12,612
84,277 91,684

Trade debtors 662,950 882,517
Other debtors 59,259 14,240
Prepayments 109,290 71,537
Accrued income 192,628 113,291
1,024,127 1,081,585
Trade creditors 207,275 6,499
Taxation and social security 80,982 103,877
Other creditors 254,803 229,530
Accruals and deferred income 1,323,638 1,735,823
1,866,698 2,075,729
~ - . . - ~
~
..		 ~
Tangible fixed assets 1,571,400 1,571,400
Fixed asset investments 1,555,740 1,555,740
Net current assets 901,129 (719,994) 1,624,215 1,805,350
Net assets at the end ofthe
year 2023		 1,571,400 901,129 835,746 1,624,215 4,932,490
~ - . - ~
~ ~
Tangible fixed assets 1,653,916 1,653,916
Fixed asset investments 1,528,211 1,528,211
Net current assets 2,002 1,166,770 (766,668) 972,225 1,374,329
Net assets atthe end ofthe
year 2022		 2,002 1,653,916 1,166,770 761,543 972,225 4,556,456

Restricted funds
Scottish Government
—second tier welfare
rights service		 732,000 (732,000)
National
Lottery Community
Fund —UK Cost
ofthe School Day project		 439,026 (439,026)
Barclays —Your Work Your Way 400,247 (400,247)
The Legal Education
Foundation —Access to
Justice in Social Security		 230,687 (230,687)
Scottish Government
through
a CYPFEIF and
ALEC Fund grant		 139,650 (139,650)
Scottish Government
—Cost ofthe School
Day Project		 123,421 (123,421)
Trussell Trust —Food Bank Income
Maximisation
Service		 107,950 (107,950)
Grant for the Welfare Rights Advice Service
and Universal
Credit Advice project		 95,217 (95,217)
City Bridge Trust —Universal
Credit London
advice project continuation		 78,328 (78,328)
Trust for London —London Calling 46,407 (46,407)
Comic Relief —Universal
Credit Project		 37,447 (37,447)
Pears Foundation
for UK Cost ofthe School
Day Project		 37,375 (37,375)
TUUTChantable
Trust		 37,286 (37,286)
Donations to 8BCRadio 4 appeal
and other
donations for UK Cost ofthe School Day 36,281 (36,281)
project
Grants and donations for the Advice Line and
other work in Scotland		 36,225 (36,225)
Fusion 21 Foundation,
No rthwick
Trust, and
Riverside for Mental
Health and Benefits		 29,998 (29,998)
Handbook
abrdn
Financial
Fairness Trust for the project
on identifying
difficulties
claimants face		 20,274 (20,274)
when migrated
onto Universal
Credit
Grant and donations for removing the
financial
barriers to children's
education		 18,334 (18,334)
after Covid-19
Barclays
—Survivors Welfare Advice Project		 17,997 (17,997)
Digital Freedom
Fund —Access tojustice in
the face of digitalisation
of means tested		 13,842 (13,842)
welfare benefits
in the UK
Royal Borough of Greenwich
contribution
to
the UK Cost ofSchool Day project in London		 13,333 (13333)
Deborah and Laurence
Harris to support
legaltest case work		 12,500 (12,500)
University ofYork —Changing
project		 Realities Realities Realities Realities 10,032 (10,032)
abrdn
Financial
Fairness Trust
need for foodbanks
project		 —ending the 8,688 (8,688)
University ofYork-Covid
Realities		 project 7,872 (7,872)
Therium
Access Limited —continuation
fundmg towards solicitor		 7,383 (7,383)
Coventry
City Council contribution
to UK Cost
ofthe School Day project in Coventry		 4,500 (4,500)
Charities Advisory Trust Good
Catalogue - catch up education		 Gifts 4,500 (4,500)
University ofYork —benefit changes
larger families		 and 4,376 (4,376)
Orbit Group contribution
to UK Cost
School Day project in Coventry		 ofthe 4,375 (4,375)
Strategic LegalFund 3,276 (3,276)
Newcastle
University
—childhood
the North East		 poverty in 2,225 (2,225)
Trussell Trust —ending the need for
foodbanks:
income maximisation		 and cash 2,075 (2,075)
first project in Scotland
Other grants 2,002 3,000 (5,002)
Total restricted funds 2,002 2,766,127 (2,768,129)
~Di
td
d
Tangible fixed assets 1,653,916 (87,546) 5,030 1,571,400
Capital and infrastructure
reserve		 100,000 (100,000)
Operational
Working
Capital		 1,166,770 (265,641) 901,129
Development
fund		 100,000 400,000 500,000
Redundancy/leave 85,000 (85,000)
Investment
fund		 259,543 (119,763) (84,034) 55,746
Campaign
fund		 50,000 (50,000)
Cost of living reserve 67,000 (67,000)
Fundra ising investment 100,000 10,000 110,000
Impact Fund 170,000 170,000
Total designated
funds		 3,582,229 (257,309) (16,645) 3,308,275
General funds 972,225 2,991,597 (2,356,252) 16,645 1,624,215
Tota I unrestricted
funds		 4,554,454 2,991,597 (2,613,561) 4,932,490
Tote)funds 4856,456 5,757,724 (5,381,690) 4,932,490

Restricted funds
Scottish Government —second tier welfare
rights service		 695,000 (695,000)
National
Lottery Community
Fund		 650,743 (650,743)
Barclays —Your Work Your Way 316,808 (316,808)
Scottish Government
through
a
ALEC Fund grant		 CYPFEIF and 133,000 (133,000)
The Legal Education
Foundation
Improving
public law education		 (TLEF)—
and capacity		 96,321 (96,321)
Scottish Government
-Cost ofthe School
Day Project		 92,780 (92,780)
TLEF —'Computer
Says No!' Access tojustice
in universal
credit		 12,614 83,519 (96,133)
Barclays —Survivors
Welfare Advice Project		 79,811 (79,811)
Comic Relief 76,441 (76,441)
City Bridge Trust 75,071 (75,071)
abrdn
Financial Fairness Trust (formerly
Standard
Life)		 69,262 (69,262)
TLEF —Access tojustice in social security 60,471 (60,471)
Fusion21 Foundation 49,513 (49,513)
Therium
Access Limited		 43,637 (43,637)
Trust for London 42,835 (42,835)
Mitchell Charitable
Trust		 30,000 (30,000)
Glasgow
Health and Social Care		 Partnership 23,614 (23,614)
TUUT Charitable
Trust		 22,514 (22,514)
Grants for Advice Line Glasgow 22,250 (22,250)
Donations to appeal for UK Cost ofSchool
Day project		 17,265 (17,265)
Deborah
and Laurence
Harris		 12,500 (12,500)
Baring Foundation 9,657 (9,657)
University
ofYork —benefit changes and
larger families		 8,637 (8,637)
London Borough ofGreenwich 6,667 (6,667)
Scottish Government
—Scottish
up Fund		 Benefit Take- 6,600 (6,600)
Oxfam 4,458 (4,458)
Newcastle
University
and NEPC		 3,166 (3,166)
Orbit Group 3,125 (3,125)
Coventry
City Council		 3,000 (3,000)
Pears Foundation 2,625 (2,625)
Digital Freedom
Fund		 2,103 (2,103)
Strategic Legal Fund 1,848 (1,848)
University
ofYork —'Covid		 Realities' 499 (499)
Other grants 2,002 3,047 (3,047) 2,002
Total restdicted funds 14,616 2,748,787 (2,761,401) 2,002
~Di
td
d
Tangible fixed assets 1,744,010 (96,290) 6,196 1,653,916
Capital and infrastructure reserve 40,000 60,000 100,000
Operational
Working Capital		 1,166,770 1,166,770
Development
fund		 100,000 100,000
Redundancy/leave 85,000 85,000
Investment
fund		 259,543 259,543
Campaign
fund		 50,000 50,000
Cost of living reserve 67,000 67,000
Fundra ising investment 100,000 100,000
Total designated
funds		 2,278,553 (96,290) 1,399,966 3,582,229
General funds 1,275,327 3,086,512 (1,989,648) (1,399,966) 972,225
Total unrestricted
funds		 3,553,880 3,086,512 (2,085,938) 4,554,454
Totalfunds 3,568,496 5,835,299 (4,847,339) 4,556,456
Purposes of Restricted Purposes of Restricted Purposes of Restricted Funds Funds
Scottish Government —second tier The aim ofthis project is to tackle poverty
by improving
the quality of advice
welfare rights service made available to low-income
households.
The project achieves its aim through
increasing the capacity and capability offrontline
agencies to provide accurate,
high quality and effective advice and information
on benefits to eligible
claimants,
both in and out ofwork.
National
Lottery Community		 Fund- Final year of a 39-month
long project that breaks down financial
barriers to
UK Cost ofthe School Day project education
in England, Scotland and Wales. The project helps children
and young
people totake part and be happy at school.
Barclays —Your Work Your Way Fourth ofafour-year grant for an innovative
work support
programme
for
potential second earners from low-income
families,
helping them overcome
barriers to get into work and progress.
The Legal Education Foundation Second year ofa 28-month
project that increases access tojustice for families
on a low income accessing welfare benefits.
Scottish Government through a The Early Warning
System
in Scotland collects and analyses
evidence about the
CYPFEIF and ALEC Fund grant impact ofchanges
in social security on children, their families and the
communities
that support them.
Scottish Government —Cost ofthe Continued
support forthe Cost ofthe School Day project in Scotland as a
School Day Project national
programme
within the Scottish Attainment
Challenge.
First ofa four-
year grant towards
salary and support costs ofa part-time
project manager,
information
officer and participation
worker, and project costs. The project aims
to provide more strategic leadership
and support to more schools and local
authorities
on tackhng cost barriers and maximising
incomes. The project
focuses on further
national
project development,
awareness
raising,
professional
learning,
research and resource development,
as well as a new lived
experience
strand
working
with children
and young people.
Trussell Trust —Food Bank Income First ofa two-year grant to support Trussell Trust's income maximisation
service
Maximisation
Service		 at food banks through
a second-tier welfare rights advice service to benefits
advisers funded
by the Trussell Trust, helping to ensure
individuals
can access
their full benefit entitlement.
Grant for the Welfare Rights Advice Grant to CPAG's UK-wide benefits advice and specialist
universal
credit advice
Service and Universal Credit Advice services, free to any frontline
worker, volunteer or adviser helping people on a
project low income.
City Bridge Trust Second year ofa three-year
continuation
grant for a London
Universal
Credit
Welfare Rights Worker and associated project costs.
Trust for London London Calling project, supporting
local authorities
and the Greater London
Authority
(GLA) in tackling child poverty
in the capital and CPAG's London family
panel.
Comic Relief Final six months of a three-year
universal
credit advice project.
Pears Foundation
for		 UK Cost ofthe Towards project extension (see above for project description).
School Day project
TUUT Charitable
Trust		 Funding
a parliamentary
assistant.
Donations to BBCRadio 4appeal Contributions
towards
extending
our UK Cost ofSchool Day project in		 Contributions
towards
extending
our UK Cost ofSchool Day project in		 Contributions
towards
extending
our UK Cost ofSchool Day project in		 Contributions
towards
extending
our UK Cost ofSchool Day project in		 schools schools
and other donations for UK Cost of and legacy work.
the School Day project
Grants and donations
for the Advice		 Co funding
for our free service for anyone
in Scotland who		 advises people living
Line and other work in Scotland in poverty on social security and benefits.
Fusion21 Foundation,
Northwick		 Grants for a new, free to access digital Mental Health and Benefits Handbook
Trust, and Riverside
abrdn
Financial
Fairness Trust-		 An 18-month project started
in December 2022 to identify		 difficulties claimants
'managed
migration'
project		 face when migrated
onto universal
credit from legacy benefits and how they
adjust after the move, and to share this with policy makers.
Grant and donations
for removmg		 Contribution
tothe legacy work ofour UK Cost ofthe School Day		 project after
the financial
barriers to children' s		 Lottery and other funding
ended
in December 2022.
education after Covid-19
Barclays —Survivors
Welfare Advice		 The final part of a one-year project advising
professionals		 working with domestic
project abuse survivors
on issues relating to their benefit claims and entitlement.
Digital Freedom
Fund		 Project on access tojustice in the face ofdigitalisation
ofmeans-tested		 welfare
benefits
in the UK.
London Borough ofGreenwich UK Cost ofthe School Day project extension
in London.
Deborah and Laurence
Harris		 Towards our legal test case work.
University ofYork —Changing A collaborative
project between
parents
and carers, researchers		 at the
Realities University
ofYork, and CPAG, to document
life on a low income and push for
change.
abrdn
Financial Fairness Trust—		 Final part ofa two-year grant towards
research
and advocacy work to		 reform
ending the need for foodbanks emergency
support to reduce demand forfood banks.
project
Therium
Access Limited		 Final part ofcontinuation
funding for the employment
of		 a solimtor,
Coventry
City Council		 UK Cost ofthe School Day project extension
in Coventry.
Charities Advisory Trust Good Gifts Donation
directly helping school children across Dundee and at Surrey Square
Catalogue Primary School in southeast
London
University ofYork —benefit changes Project on how benefit changes affect larger families.
and larger famihes
Orbit Group UK Cost ofthe School Day project extension
in Coventry.
Strategic Legal Fund Pre-litigation
research
into EU citizens with pre-settled
status and		 no other right
to reside being excluded from social security benefits.
Newcastle
University		 Proiect on childhood
poverty
in the North East.
University
ofYork —Covid Realities		 Research project documenting
the experiences of parents		 and carers on a low
income during the pandemic.
Other grants Grants towards our advice service and policy work.
Tangible fixed assets reserves fixed assets reserves Reserve relates to the net book value Reserve relates to the net book value Reserve relates to the net book value of tangible fixed assets at the end ofthe
financial year.
Operational Working Capital Reserve relates to net value oftrade debtors, stock, and trade creditors at the
reserve end ofthe financialyear.
Development fund reserve Reserve to fund further
identified		 strategic projects to increase the income of
CPAG over the next three years.
Investment fund Reserve to continue development of our leading digital products, website, e-
commerce and shop over the next year.
Fundraising investment Reserve to cover fundraising
consultancy		 support to increase individual donors
in the next financial year.
Impact fund Reserve designated
to fund additional		 campaign projects over the next three
years.

Within 1year 21,206 2,852 7,200 11,976
1—5years 169,646 28,800 8,593
190,852 2,852 36,000 20,569