Company Registration Number: 03865647 Charity Registration Number: 1079229
Citizens Advice Cumbria
Financial Statements For the Year Ending 31 March 2025
JANE ASCROFT ACCOUNTANCY LIMITED
Chartered Accountants Enterprise House Harmire Enterprise Park Barnard Castle County Durham DL12 8XP
Citizens Advice Cumbria
Financial Statements
Year Ended 31 March 2025
| Page | |
|---|---|
| Trustees' Annual Report (Incorporating the Director's Report) | 1 |
| Independent Examiner's Report to the Trustees | 7 |
| Statement of Financial Activities (Including Income and Expenditure Account) | 8 |
| Statement of Financial Position | 9 |
| Notes to the Financial Statements | 10 |
| The Following Pages Do Not Form Part of the Financial Statements | |
| Detailed Statement of Financial Activities | 18 |
Citizens Advice Cumbria
Trustees' Annual Report (Incorporating the Director's Report)
Year Ended 31 March 2025
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2025.
Objectives and Activities
Objects
The Company is established to promote any charitable purpose for the benefit of the community in Cumbria by the advancement of education, the protection of health, the relief of poverty, sickness and distress.
Public benefit
The Trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the objectives and in planning for future activities.
Charity's aims
The aims of the Charity are to support the work of Cumbria's Local Citizens Advice and to co-ordinate the work and financing of county wide contracts to be implemented by Cumbria's Local Citizens Advice, comprising Allerdale, Barrow, Carlisle and Eden, Copeland, and South Lakes.
Achievements and Performance
Macmillan Cancer Support
Macmillan was our sole funder for 2024-25. Our work supporting people whose lives are affected by cancer, both patients and their families, to ease financial concerns and make sure that they have the income they need, continues to be a vital service. Our achievements during the period satisfied the requirements of Macmillan.
Review of charitable activities
The board of Citizens Advice Cumbria (CAC) continues to perform an enabling and consultative function to assist Cumbria's Local Citizens Advice (LCA) in offering coordinated advice services across the county. It does not exercise or possess executive powers over them but operates through the agreement and consent of the members. CAC does not provide advice services outside Cumbria. CAC has legal responsibility for those contracts secured in its name and the members enter into sub-contracts for the provisions of specified services.
In addition to providing a forum for sharing information and good practice for members, CAC provides a single Citizens Advice organisation within which funders and partner organisations can work. This can be crucial for county wide strategies which benefit the people of Cumbria, for example, reducing poverty, minimising the negative impacts of the cost-of-living crisis, and helping people into work. CAC manages contract and grant funding, channelling funding to LCAs according to contract and/or grant requirements. CAC also has responsibility for monitoring performance against contract and grant specifications. CAC is represented at national meetings of Citizens Advice consortia, providing further opportunities for sharing best practice and identifying current and future issues.
The Chief Officers of each LCA meet on a regular basis to review and monitor operations on county wide services and to discuss recommendations for service development to CAC.
1
Citizens Advice Cumbria
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year Ended 31 March 2025
Strategic Development
The local government administrative structure of Cumbria was altered as from 1 April 2023. Cumbria was split geographically into Cumberland to the northwest and Westmorland & Furness to the southeast. New administrative centres for these areas absorbed the responsibilities previously discharged by both Cumbria County Council and the local district councils. CAC has helped the Cumbria LCAs to build and maintain productive working relationships with council officers and councillors during this period of change to ensure they continue to work with us as valued partners to achieve their strategic objectives. The transformation is still evolving, and it will take time to formalise new relationships. While the changes have the potential to affect LCAs, no impact has yet emerged on CAC as our main role is to operate county wide contracts and the only current funder is MacMillan.
In December 2024 the government published a White Paper on English Devolution, promising to devolve power and money from central government and create new funding streams devolved to local areas. It would include the election of regional Mayors, and in due course further alignment of services including the Police and Crime Commissioner and the Fire and Rescue Authority.
In February 2025 the Cumberland and Westmorland & Furness councils announced that they would seek a Mayoral Combined Authority for Cumbria, under the arrangements set out in the White Paper, which if accepted would be implemented in May 2026. A consultation paper was issued and CAC made a submission on behalf of the Cumbria LCAs, emphasising the needs of rural populations and seeking greater involvement of the voluntary sector in planning.
CAC has been hosting discussions with LCAs about the best way to respond to these changing circumstances, in the interests of clients throughout the county. These discussions will continue through the new financial year.
Financial Review
Financial Position
The trustees are satisfied that the Charity has adequate reserves to continue as a going concern for the next twelve months.
Principal financial management policies adopted in the year
A budget for the year was agreed at the beginning of the accounting period. Management accounts were presented at quarterly Trustee Board meetings with expenditure monitored against budgets. Policies regarding spending authorities and accounting procedures are laid out in the Financial Procedures policy.
Reserves policy
The Charity follows the guidance issued by the Charity Commission and seeks to maintain adequate reserves to meet the Charity's commitments for governance costs of at least nine months. It has been agreed that the reserves be set at £14,000. The Charity's costs for charitable activity are directly related to, and funded by, the contracts for which it has responsibility. Any future expenditure will be funded from those contracts.
2
Citizens Advice Cumbria
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year Ended 31 March 2025
Principal funding sources
During the accounting period a contract was held with Macmillan Cancer Support (which combined the two contracts held previously), supporting people diagnosed with cancer and their families.
This project contributed 1% of its funding towards the governance and administrative costs of CAC.
Investment policy
The policy of the Charity is not to make investments, as liquid reserves may be used to help member LCAs to manage cash flow gaps between receipt of funder payments and their expenditure on providing services under the contract.
Donation policy
The policy of the Charity is not to give grants or donations to other charities or organisations. It does administer the payments of grants to its member organisations. These are shown in the accounts.
Plans for Future Periods
CAC's sole funder currently is MacMillan, via a contract expiring at the end of 2025. However, in April 2025 Macmillan notified national Citizens Advice that this contract will be extended until May 2026 but then terminated at this time. Work is underway within Citizens Advice nationally, to open discussions with Macmillan about possible options to continue our relationship once this contract expires.
Additionally, CAC and its members continue to look for additional funding streams to augment our income and services. There are continuing financial pressures on funders, and the current trend away from consortia-based contracts creates uncertainty. However, there may be a role for CAC if contracts offered under the new Cumbria local government arrangements are based on a wider geographical area than that of individual LCAs. In the meantime, CAC will continue to support the LCAs in representing Citizens Advice services to local government.
If there were no future sources of funding CAC would carry no financial risks, as the organisation would have no liabilities other than the small overhead in running the company. The risk, in terms of loss of income, would be borne by the LCAs.
3
Citizens Advice Cumbria
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year Ended 31 March 2025
Structure, Governance and Management
Governing Document
Citizens Advice Cumbria is an incorporated organisation, governed by its Articles of Association. The present Articles are the result of amendment by special resolution dated 21st September 2010 and reflect the current CAC member structure. Whilst there are some differences between CAC's Articles and the national CA model articles, the latter are still under development and any further work by CAC will await their completion.
Methods adopted for the recruitment and appointment of new trustees
a) Each local Citizens Advice (Allerdale, Barrow, Carlisle & Eden, Copeland and South Lakes) may nominate three representatives - two from its Board of Trustees together with the Chief Officer, to be a Trustee of CAC. There is no minimum or maximum period of office.
b) Other Trustees may be appointed by the Board of Trustees, at any time and for any period, to bring necessary and relevant experience or expertise to the Charity.
Policies and procedures adopted for the recruitment and training of Trustees. All trustee nominees from the members are expected to have experience of and commitment to the ethos and work of Citizens Advice; this is supplemented by an induction detailing the structure, aims and procedures of Citizens Advice Cumbria.
Wider Network
Citizens Advice Cumbria works with all the Local Citizens Advice Offices in Cumbria and with national Citizens Advice, particularly with their staff in the North Region.
Membership
All Local Citizens Advice in Cumbria are members of CAC.
Organisational Structure
a) The Company functions through a Trustee Board hereinafter referred to as the Board b) All members of the Board of Trustees are ex officio Trustees of the Charity and Directors of the Company.
Risks Policy
The company has no employees and therefore does not require cover for employer's risks.
As there are no employees there is no requirement to retain reserves covering redundancy costs.
The company has no buildings or other fixed assets and therefore requires no related insurance cover.
Third party cover is provided by Citizens Advice nationally based on our associate membership of Citizens Advice.
The company is only contracted to pay the LCAs from funds it receives from Funders and has no liability in the event that Funders do not extend the contract.
To prevent loss of income due to not adhering to the funder's contract the company has entered into formal agreements with each Local Citizens Advice concerning their participation in central contracts for which the company is responsible.
To limit any liability to Trustees in the event that such a contract becomes unaffordable forcing LCAs to default, CAC has taken Trustee indemnity insurance.
4
Citizens Advice Cumbria
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year Ended 31 March 2025
Reference and Administrative Details
Registered charity name Citizens Advice Cumbria Charity registration number 1079229 Company registration number 03865647 Principal office and registered C/o Citizens Advice Carlisle and Eden Office office 2 Sandgate Penrith Cumbria CA11 7TP The Trustees A J Setters Chair G P Smith Citizens Advice Copeland (Treasurer) J A Auld Citizens Advice Carlisle & Eden M C McKinlay Citizens Advice Barrow In Furness (Resigned 20 September 2024) K Evans Citizens Advice South Lakes K A Little Citizens Advice Allerdale S Hewitson Citizens Advice Copeland T F Edwards Citizens Advice Allerdale C Ranshaw Citizens Advice South Lakes (Appointed 1 May 2024) J Young Citizens Advice Barrow In Furness (Appointed 15 October 2024, resigned 31 March 2025) Company Secretary A J Setters assumed the role from 1 May 2024 Independent Examiner Jane Ascroft FCA MA (Cantab) Enterprise House Harmire Enterprise Park Barnard Castle County Durham DL12 8XP
Small Company Provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
5
Citizens Advice Cumbria Trustees. Annual Report {Incorporating the Directovs Report) (continued) Year Ended 31 March 2025 The trustees. annual report was approved on . trustees by: and signed on behalf of the board of A Setters (Chair) Trustee
Citizens Advice Cumbria
Independent Examiner's Report to the Trustees of Citizens Advice Cumbria
Year Ended 31 March 2025
I report to the trustees on my examination of the financial statements of Citizens Advice Cumbria ('the charity') for the year ended 31 March 2025.
Responsibilities and Basis of Report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).
Having satisfied myself that the accounts of the company 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 the 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 the charity’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 Institute of Chartered Accountants in England and Wales (ICAEW), 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 the charity as required by section 386 of the 2006 Act; or
-
the financial statements do not accord with those records; or
-
the financial statements 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 financial statements 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.
Jane Ascroft FCA MA (Cantab) Independent Examiner
Enterprise House Harmire Enterprise Park Barnard Castle County Durham DL12 8XP
7
Citizens Advice Cumbria
Statement of Financial Activities (including income and expenditure account)
Year Ended 31 March 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Charitable activities | 5 | – | 285,510 | 285,510 | 251,148 |
| Investment income | 6 | 466 | – | 466 | 407 |
| Other income | 7 | – | – | – | 3,005 |
──── |
───────── |
───────── |
───────── |
||
| Total income | 466 | 285,510 | 285,976 | 254,560 | |
════ |
═════════ |
═════════ |
═════════ |
||
| Expenditure | |||||
| Expenditure on charitable activities | 8,9 | 1,309 | 281,743 | 283,052 | 254,086 |
─────── |
───────── |
───────── |
───────── |
||
| Total expenditure | 1,309 | 281,743 | 283,052 | 254,086 | |
═══════ |
═════════ |
═════════ |
═════════ |
||
─────── |
───────── |
───────── |
───────── |
||
| Net income | (843) | 3,767 | 2,924 | 474 | |
═══════ |
═════════ |
═════════ |
═════════ |
||
| Transfers between funds | 3,767 | (3,767) | – | – | |
─────── |
───────── |
───────── |
───────── |
||
| Net movement in funds | 2,924 | – | 2,924 | 474 | |
| Reconciliation of funds | |||||
| Total funds brought forward | 27,526 | – | 27,526 | 27,052 | |
──────── |
───────── |
───────── |
───────── |
||
| Total funds carried forward | 30,450 | – | 30,450 | 27,526 | |
════════ |
═════════ |
═════════ |
═════════ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 10 to 16 form part of these financial statements.
8
Citizens Advice Cumbria Slalement of Financial Posltion 31 March 2025 2026 2024 Current Assets Debtors Cash at bank and in hand 16 24.265 3Q,3S 23,646 28,097 54,661 51,743 Credltors: amounts falllng due wlthln one year Net Current Assets 16 24,211 24,217 30,450 30,450 30,450 27,526 Total A8set8 Lèss Current Llabillties 27,526 27.526 Net Assets Funds ofthe Charfty Unrestricted funds 30,450 27,526 Total charlty funds 17 30,450 27,526 For the year ending 31 March 2025 the charity was entitied to exemptlorl from audlt under sectlon 477 of the Companies Act 20[ r8lating to small companies. Directors, responsibilities.. The members have not required the company lo obtain an audit of its financlal st8lements for the y•ar in question in accordanco with $tion 476,, The directors ackncwledge their Sponsibl11t1es for complying with the requirements of th8 Act with respect to accounting reccrds and the preparation of financial statements. Th8se financial statements have been prepared in accordance with the provisions applicable to companies subject to the small cornpanie8' regime. I stat8mént8 were approved by the board of trusiees and authorised for issue on , and are signed on behalf of the board by: G P Smith (Treasurer) Trustee The notes on pages 10 to 16 forni part of these financial ststernent8.
Citizens Advice Cumbria
Notes to the Financial Statements
Year Ended 31 March 2025
1. General Information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is C/o Citizens Advice Carlisle and Eden Office, 2 Sandgate, Penrith, Cumbria, CA11 7TP.
2. Statement of Compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going Concern
There are no material uncertainties about the charity’s ability to continue.
Judgements and Key Sources of Estimation Uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
There were no judgements made or estimation uncertainty that would have a significant impact in these, or the following years', figures
Fund Accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
10
Citizens Advice Cumbria
Notes to the Financial Statements (continued)
Year Ended 31 March 2025
3. Accounting Policies (continued)
Income
All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Expenditure
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible Assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
11
Citizens Advice Cumbria
Notes to the Financial Statements (continued)
Year Ended 31 March 2025
3. Accounting Policies (continued)
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment - Fully depreciated
Impairment of Fixed Assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial Instruments
The charity only has financial assets and 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.
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Accrued income and tax recoverable is included at the best estimate of the amounts receivable at the balance sheet date.
Cash at Bank and in Hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Creditors
Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.
Taxation
The company 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 company 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.
12
Citizens Advice Cumbria
Notes to the Financial Statements (continued)
Year Ended 31 March 2025
4. Limited by Guarantee
The company is limited by guarantee. At 31st March 2025 there were 10 members each of whom had undertaken to contribute an amount not exceeding £1 in the event of a winding up.
5. Charitable Activities
| Restricted | Total Funds | Restricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Macmillan Cancer Support | 285,510 | 285,510 | 251,148 | 251,148 | |
═════════ |
═════════ |
═════════ |
═════════ |
||
| 6. | Investment Income |
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Bank interest | 466 | 466 | 407 | 407 | |
════ |
════ |
════ |
════ |
||
| 7. | Other Income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Training income | – | – | 3,005 | 3,005 | |
════ |
════ |
═══════ |
═══════ |
||
| 8. | Expenditure on Charitable Activities by Fund Type | ||||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2025 | |||
| £ | £ | £ | |||
| Macmillan Cancer Support | – | 281,743 | 281,743 | ||
| LCA Support | – | – | – | ||
| Support costs | 1,309 | – | 1,309 | ||
─────── |
───────── |
───────── |
|||
| 1,309 | 281,743 | 283,052 | |||
═══════ |
═════════ |
═════════ |
|||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2024 | |||
| £ | £ | £ | |||
| Macmillan Cancer Support | – | 248,722 | 248,722 | ||
| LCA Support | 3,883 | – | 3,883 | ||
| Support costs | 1,481 | – | 1,481 | ||
─────── |
───────── |
───────── |
|||
| 5,364 | 248,722 | 254,086 | |||
═══════ |
═════════ |
═════════ |
13
Citizens Advice Cumbria
Notes to the Financial Statements (continued)
Year Ended 31 March 2025
9. Expenditure on Charitable Activities by Activity Type
| Activities | ||||
|---|---|---|---|---|
| undertaken | Total funds | Total fund | ||
| directly Support costs | 2025 | 2024 | ||
| £ | £ | £ | £ | |
| Macmillan Cancer Support | 281,743 | – | 281,743 | 248,722 |
| LCA Support | – | – | – | 3,883 |
| Governance costs | – | 1,309 | 1,309 | 1,481 |
───────── |
─────── |
───────── |
───────── |
|
| 281,743 | 1,309 | 283,052 | 254,086 | |
═════════ |
═══════ |
═════════ |
═════════ |
|
| Independent Examination Fees | ||||
| 2025 | 2024 | |||
| £ | £ | |||
| Fees payable to the independent examiner for: | ||||
| Independent examination of the financial statements | 816════ |
816════ |
10. Independent Examination Fees
11. Staff Costs
The average head count of employees during the year was Nil (2024: Nil).
No employee received employee benefits of more than £60,000 during the year (2024: Nil).
12. Trustee Remuneration and Expenses
No salaries or wages have been paid to employees, including the members of the Board, during the year.
Expenses of £Nil were reimbursed to trustees during the year (2023 - £Nil).
13. Transfers Between Funds
There was a transfer from the Macmillan Cancer Support restricted fund to unrestricted reserves totalling £3,767 in relation to a set percentage management fee.
14. Tangible Fixed Assets
| Equipment | |
|---|---|
| £ | |
| Cost | |
| At 1 April 2024 and 31 March 2025 | 1,364 |
═══════ |
|
| Depreciation | |
| At 1 April 2024 and 31 March 2025 | 1,364 |
═══════ |
|
| Carrying amount | |
| At 31 March 2025 | – |
═══════ |
|
| At 31 March 2024 | – |
═══════ |
14
Citizens Advice Cumbria
Notes to the Financial Statements (continued)
Year Ended 31 March 2025
15. Debtors
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Macmillan debtor | 24,265 | 23,646 | |
════════ |
════════ |
||
| 16. | Creditors: amounts falling due within one year | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Accruals and deferred income | 816 | 816 | |
| Macmillan partner payments owed to local CitA offices | 23,395 | 23,401 | |
──────── |
──────── |
||
| 24,211 | 24,217 | ||
════════ |
════════ |
17. Analysis of Charitable Funds
Unrestricted funds
| Unrestricted funds | |||||
|---|---|---|---|---|---|
| At | At 31 March | ||||
| 1 April 2024 | Income | Expenditure | Transfers | 2025 |
|
| £ | £ | £ | £ | £ | |
| General funds | 13,526 | 466 | (1,309) | 3,767 | 16,450 |
| Designated Funds | 14,000 | – | – | – | 14,000 |
──────── |
──── |
─────── |
─────── |
──────── |
|
| 27,526 | 466 | (1,309) | 3,767 | 30,450 |
|
════════ |
════ |
═══════ |
═══════ |
════════ |
|
| At | At 31 March | ||||
| 1 April 2023 | Income | Expenditure | Transfers | 2024 |
|
| £ | £ | £ | £ | £ | |
| General funds | 13,052 | 3,412 | (5,364) | 2,426 | 13,526 |
| Designated Funds | 14,000 | – | – | – | 14,000 |
──────── |
─────── |
─────── |
─────── |
──────── |
|
27,052════════ |
3,412═══════ |
(5,364)═══════ |
2,426═══════ |
27,526 ════════ |
Designated funds comprise £8,000 held as a cash flow buffer for member Local Citizens Advice and £6,000 for Strategic Development projects.
15
Citizens Advice Cumbria
Notes to the Financial Statements (continued)
Year Ended 31 March 2025
17. Analysis of Charitable Funds (continued)
Restricted funds
| Restricted funds | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| At | At | 31 | March | ||||||
| 1 | April | 2024 | Income | Expenditure | Transfers | 2025 | |||
| £ | £ | £ | £ | £ | |||||
| MacMillan Cancer | |||||||||
| Support | – | 285,510 | (281,743) | (3,767) | – | ||||
════ |
═════════ |
═════════ |
═══════ |
════ |
|||||
| At | At | 31 | March | ||||||
| 1 | April | 2023 | Income | Expenditure | Transfers | 2024 | |||
| £ | £ | £ | £ | £ | |||||
| MacMillan Cancer | |||||||||
| Support | – | 251,148 | (248,722) | (2,426) | – | ||||
════ |
═════════ |
═════════ |
═══════ |
════ |
The specific purposes for which funds are to be applied are as follows:
MacMillan Cancer Support
The funding from Macmillan is to provide a specialist welfare benefits advice service to people affected by cancer.
18. Analysis of Net Assets Between Funds
| Unrestricted | Total Funds | |
|---|---|---|
| Funds | 2025 | |
| £ | £ | |
| Current assets | 54,661 | 54,661 |
| Creditors less than 1 year | (24,211) | (24,211) |
──────── |
──────── |
|
| Net assets | 30,450 | 30,450 |
════════ |
════════ |
|
| Unrestricted | Total Funds | |
| Funds | 2024 | |
| £ | £ | |
| Current assets | 51,743 | 51,743 |
| Creditors less than 1 year | (24,217) | (24,217) |
──────── |
──────── |
|
| Net assets | 27,526 | 27,526 |
════════ |
════════ |
19. Related Parties
The trustees all represent local CitA offices to whom the funding is distributed.
16
Citizens Advice Cumbria
Management Information
Year Ended 31 March 2025
The Following Pages Do Not Form Part of the Financial Statements.
17
Citizens Advice Cumbria
Detailed Statement of Financial Activities
Year Ended 31 March 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Charitable activities | ||
| Macmillan Cancer Support | 285,510 | 251,148 |
───────── |
───────── |
|
| Investment income | ||
| Bank interest | 466 | 407 |
──── |
──── |
|
| Other income | ||
| Training income | – | 3,005 |
──── |
─────── |
|
───────── |
───────── |
|
| Total income | 285,976 | 254,560 |
═════════ |
═════════ |
|
| Expenditure | ||
| Macmillan Cancer Support | ||
| Partner payments to local CitA offices - Macmillan | 281,743 | 248,722 |
───────── |
───────── |
|
| LCA Support | ||
| Training costs | – | 3,455 |
| Marketing | – | 192 |
| Other | – | 236 |
──── |
─────── |
|
| – | 3,883 | |
──── |
─────── |
|
| Governance costs | ||
| Premises hire | – | 263 |
| Insurance | 249 | 185 |
| Marketing | 100 | – |
| Independent Examination fees | 816 | 816 |
| Membership fees | 50 | 50 |
| Bank charges | 60 | 60 |
| Other costs | 34 | 107 |
─────── |
─────── |
|
| 1,309 | 1,481 | |
─────── |
─────── |
|
───────── |
───────── |
|
| Total expenditure | 283,052 | 254,086 |
═════════ |
═════════ |
|
───────── |
───────── |
|
| Net income | 2,924 | 474 |
═════════ |
═════════ |
18