April 2013

Waverley CAB-information for discussion with Waverley Borough Council

Introduction

• The draft accounts and budget on the following page have not been reviewed by the Trustees and hence must be considered as provisional at this stage.

• The comparison of the financial performance of Waverley CAB with other CABs in Surrey is largely based on publically available information and some estimates. This is the first time that this analysis has been performed.

Waverley CAB Draft accounts for 2012/13 and Draft Budget for 2013/14

Draft Draft Accounts Budget

2012/13 2013/14

Total council grants 253145 250950Total new funds 0 16000Total paid back to councils 46484 46850Salary costs 170738 200100Premises costs 44152 48600Other office and admin costs 38451 37000Depreciation 10560 5600Deficit before fund raising -57240 -71200Total donations and other income 51227 48200Overall deficit -6013 -23000

Comparison of the CAB in Waverley with other Boroughs-the data

Per

Population Per

ClientWaverley Average Waverley Average

LA core grant 2.09 1.53 38.8 36.2Net LA core grant 1.35 1.21 25.0 28.7Total Grants 2.09 2.69 38.8 63.8Net Total Grants 1.35 2.38 25.0 56.2

Waverley AverageGrants/Total hours 4.55 9.26Volunteers/paid staff 23.4 9.2FR/Total Grants 0.23 0.02

Based on 2011/12 accounts and estimatesAlthough Waverley based on 2012/13 draft accountsAverage of 7 largest Boroughs.Net = After deducting rent LA includes Town Councils

Comparison of the CAB in Waverley with other Boroughs-Conclusions

• Total Grants received by WCAB are significantly lower than other Boroughs, although LA core Grant is higher than the average

• WCAB is very reliant on LA core funding• WCAB rent costs are much higher than other Boroughs• WCAB cost to serve is less than half the average as a

result of the high ratio of volunteers• WCAB raises significantly more money from the community