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← Citizens Advice Thanet

2025-03-31-accounts

Registered company number - 04176324

CITIZENS ADVICE THANET (A COMPANY LIMTED BY GUARANTEE)

FINANCIAL STATEMENTS AND TRUSTEES ANNUAL REPORT

FOR THE YEAR ENDED 31 MARCH 2025

Charity Number 1086799

CITIZENS ADVICE THANET

CONTENTS

Pages
Trustees' Annual Report 1 - 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9 - 17

CITIZENS ADVICE THANET

Page 1

TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025

The trustees have pleasure in presenting their report and the unaudited financial statements for the year ended 31 March 2025 which are also prepared to meet the requirements for a directors' report and accounts for Companies Act purposes.

The financial statements comply with the Charities Act 2011, the Companies Act 2006 relating to small companies, and Accounting and Reporting by Charities: 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) (effective 1 January 2019).

REFERENCE AND ADMINISTRATIVE DETAILS Charity Registration Number Company Registration Number 1086799 04176324 Registered Office Mill Lane House Mill Lane Margate Kent CT9 1LB Trustees/Directors Mr Simon Farrer Mrs Danielle Barnes (resigned 30.6.24) Mrs Sarah Ellis Ms Helen Mitchell Ms Sharon Wilding Chair Mrs Heidi Coleman (resigned 30.6.24) Mr Connor Harney Treasurer Ms Bernadette Hawkes (appointed 17.4.24) Ms Nicola Parmar (appointed 18.7.24) Co-Opted Local Authority Representatives Cllr Jenny Matterface Cllr David Green (until 18.5.24) Cllr John Edwards (from 18.5.24) Chief Officer and Company Secretary Mrs Angela Drew-Robinson (until 31.5.25)

Bankers

CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ

Independent Examiner

Mr S J Wren FCCA Accountancy Matters (Kent) Limited The Marlowe Innovation Centre Marlowe Way Ramsgate Kent CT12 6FA

CITIZENS ADVICE THANET

Page 2

TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Citizens Advice Thanet is a registered charity and a company limited by guarantee incorporated on 9 March 2001. It was established under a memorandum of association and is governed by its articles of association.

Recruitment and appointment of trustee directors

Trustees Board vacancies are advertised on the national Citizens Advice website and other appropriate media. Applicants for vacancies will be selected by a short listing and interview process which will be based on a published job description and person specification. This process will be carried out by a small group of Trustees especially appointed for this purpose. The Charity aims to have a balanced makeup which reflects the community the Service serves.

Organisational structure

Citizens Advice Thanet is governed by a Board of Trustees who meet at least quarterly. Day to day running of the Charity is supervised by the Chief Officer who reports to the Trustees on a quarterly basis. The Trustees and the Chief Executive are the Key Management Personnel as defined by the Charities SORP FRS102.

Related parties

Citizens Advice Thanet has membership of the national body now called Citizens Advice, which provides a framework for the standards of advice and casework managements as well as monitoring progress against these standards. Operating policies are independently determined by the Trustee Board in order to fulfil its charitable objects and comply with the national membership requirements.

Risk assessment

The Charity has adopted a policy of regularly reviewing the risks to the operations of the Charity, to ensure that adequate steps are taken to mitigate such risks.

OBJECTIVES AND ACTIVITIES

Objectives

To deliver the Citizens Advice Service to the people of Thanet, ensuring as far as possible that we provide the advice people need for the problems they face and improve the policies and practices that effect peoples' lives. We will endeavour to provide free, independent, confidential and impartial advice to everyone on their rights and responsibilities, whilst valuing diversity, promoting equality and challenging discrimination.

Activities and achievements, performance and factors affecting achievement of objectives

Unfortunately, not much has changed since the previous year; the cost of living is still a factor affecting many of our clients. Ever increasing food costs, high energy costs, acute shortage of affordable housing. The government decision to take away the Winter Fuel Allowance from many of our Pension Age people has an added impact. The demand for our service is consistently high due to the difficulties people are experiencing and advice needed.

We were delivery partners for the Government Household Support Fund scheme. People and families this was aimed at those we identified as not having enough income to afford the basic essentials for living and fitted the eligibility criteria. We were able to offer Food vouchers, School wear vouchers and items for keeping warm and improving energy efficiency. A total of £90,000 was given to 291 local vulnerable households in need. Budgeting and money advice were also part of the delivery to where possible improve the financial capability of these clients.

We were able to secure funding for a part-time telephone adviser for 6 months through the UK Shared Prosperity Scheme, part of the government levelling up programme. This was successful and certainly identified the need of telephone as an advice channel. We are actively seeking further funding to continue this service as a priority.

CITIZENS ADVICE THANET

Page 3

TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025

Activities and achievements, performance and factors affecting achievement of objectives

Reaching Communities ‘Better Lives Thanet’ continues to provide a much-needed Outreach Advice service, working out of foodbanks, libraries, Community locations, Salvation Army. Home visits have also commenced this year for clients. Due to Home Visits being resource heavy, these are limited to those that are not able to get advice via our other channels. This has improved our accessibility as a service.

A successful bid for new IT equipment from National Lottery ‘Awards for All’ scheme, enabled us to completely replace our old stock of Computers and laptops. This has improved our efficiency as a service. Our advisers are really impressed about the difference this has made to the advice-giving process. As much of the equipment was not compatible for Windows 11, we have future proofed ourselves for the next few years.

We secured £30,000 of funding from Colyer Fergusson Charitable Trust, this provided the money to employ a full-time Supervisor/Adviser for one year. This has enabled us to increase Advice Capacity and take on more trainee volunteer advisers.

Our Service Level Agreement with Thanet District Council, continues to be the backbone for our core costs. We are pleased to say we have been able to secure a further three years funding (from April 2025) from Thanet District Council.

Ramsgate Town Council continued to provide funding to assist with employing a supervisor/adviser 22.5

hours pw to man the Ramsgate Office.

Over the year, due to the training up of new volunteer advisers, we were able to extend the Drop-in Service at our Ramsgate office from one to two drop ins a week.

We advised 3159 clients during 2024-25 regarding 7602 issues, this is an increase of 881 clients from the previous year (2278 clients and 5736 issues).

We have the added value of being able to provide training for new staff and volunteers that wish to improve their future job prospects

A special thank you to an amazing group of dedicated volunteers that continue to give up their free time to provide their services to Citizens Advice Thanet and the local community. Thank you also to our paid staff for their hard work and diligence that have ensured the growth and increased capacity to deliver quality advice to the people of Thanet

FINANCIAL REVIEW

Financial position

The total income for the year was £361,659 a small increase from the previous year's income of £359,836. The service has been working to rebuild the service following the ending of projects and the disruption caused to the service by the Covid-19 pandemic. Thanet District Council Continue to be a valued supporter of the work of Thanet Citizens Advice. Their funding agreement provides for the core services, with additional funding provided for specific projects. Other significant funders during the year were Ramsgate Town Council, Colyer Fergusson Charitable Trust and The National Lottery.

The number of volunteers again increased, and additional staff employed is a positive step forward. The total resources expended were £326,865.

Total funds held at the end of the financial year, 31 March 2025, were £276,266. This is made up of restricted funds of £6,117, designated funds of £93,216 and unrestricted general funds of £176,893.

Once again, the service has been successful in securing project funding and will continue to seek opportunities of further funding. This enables the service to plan to continue to grow its services in the coming year.

CITIZENS ADVICE THANET

Page 4

TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025

Reserves Policy and going concern

Citizens Advice Thanet operates on grant and project funding. Funding for core services is provided through grants by Thanet District Council. A 3-year agreement commencing from April 2025 is in place. Project funding has been secured for the financial year 2025-26 and further funding bids will be made to support the expansion of services.

The Directors consider that Citizens Advice Thanet is able to operate as a going concern over the next twelve months and to run its core services and projects that fit with the charitable objects.

The reserves policy has been prepared with reference to the Charity Commission's publication 'Charities and Reserves'. CC19, 2016.

The trustees believe that Citizens Advice Thanet should hold financial reserves in order to ensure that the charity can continue to operate and meet the needs of clients in the event of unforeseen and difficult financial circumstances.

In determining the level of reserves consideration will be given to:

The trustees consider that an unrestricted reserve of between 3 and 6 months unrestricted expenditure is sufficient to meet the above requirements. Total reserves have increased to the year end 31 March 2025.

The Trustees have two designated funds. One designated fund is in respect of the net book value of fixed assets. Although these form part of general funds, they cannot be utilised for future expenditure. The second designated fund is to cover the costs of closure of the charity should it be considered that is no longer a going concern. This would enable the charity to meet its financial commitments on closure.

Investment policy and activities

The current policy is to keep reserves in an interest-bearing account and for sufficient funds to be available should they be required in an emergency.

PLANNING OUR FUTURE AND THE TASKS AHEAD

To secure further funding to increase the capacity of our telephone advice service.

To secure further funding to continue the full-time Supervisor/Advisor role.

Further application for funding from Ramsgate Town Council to continue the part-time Supervisor/adviser role

To source other possibilities and opportunities for funding, collaborating with partners and other LCA’s to source larger pots of funding to continue and support our growth to advise more people.

To increase the Drop-in service at our Ramsgate Office to three drop ins a week.

CITIZENS ADVICE THANET

Page 5

TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025

PUBLIC BENEFIT

The trustees confirm that they have complied with their duty as prescribed by section 4 of the Charities Act 2006 to have due regard to the Charity Commission public benefit guidance.

Signed on behalf of the Board of Trustees by :

Sharon Wilding - Chairman

Date : 24 July 2025

INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF

Page 6

CITIZENS ADVICE THANET

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2025 which are set out on pages 7 to 17.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts 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 your 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 Company'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 Association of Chartered Certified Accountants, 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:

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.

S J Wren FCCA Accountancy Matters (Kent) Limited Chartered Certified Accountants The Marlowe Innovation Centre Marlowe Way Ramsgate Kent CT12 6FA

Date : 29 July 2025

CITIZENS ADVICE THANET

Page 7

STATEMENT OF FINANCIAL ACTIVITIES (incorporating an Income and Expenditure Account) FOR THE YEAR ENDED 31 MARCH 2025

Notes
Unrestricted
funds
£
INCOME
Donations and grants
2
304
Charitable activities
3
113,851
Investment income
4
5,831
Fundraising income
-
TOTAL INCOME
119,986
EXPENDITURE
Cost of raising funds
5
7,349
Charitable activities
5
116,270
TOTAL EXPENDITURE
123,619
NET (EXPENDITURE)/INCOME FOR THE YEAR
BEFORE TRANSFERS
6
(3,633)
Transfers between funds
12
61,977
NET MOVEMENT IN FUNDS FOR THE YEAR
58,344
Balance as at 1 April 2024
211,765
BALANCE AS AT 31 MARCH 2025
270,109		 Restricted
funds
£
122,500
119,173
-
-
241,673
-
203,246
203,246
38,427
(61,977)
(23,550)
29,667
6,117		 Total
Total
funds
funds
2025
2024
£
£
122,804
147,834
233,024
211,475
5,831
527
-
-
361,659
359,836
7,349
7,439
319,516
284,285
326,865
291,724
34,794
68,112
-
-
34,794
68,112
241,432
173,320
276,226
241,432

CITIZENS ADVICE THANET

Page 8

BALANCE SHEET AS AT 31 MARCH 2025

Notes
FIXED ASSETS
Tangible assets
8
CURRENT ASSETS
Debtors and prepayments
9
Cash at bank and in hand
CURRENT LIABILITIES
Creditors: amounts falling due within one
year
10
NET ASSETS
11
Represented by:
FUNDS OF THE CHARITY
.
Unrestricted general fund
12
Designated funds
12
Restricted funds
12
TOTAL FUNDS		 4,556
348,134
352,690
89,680		 2025
£
13,216
4,780
284,708
289,488
54,459
263,010
276,226
176,893
93,216
6,117
276,226		 2024
£
6,403
235,029
241,432
165,362
46,403
29,667
241,432

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under s.477 Companies Act 2006 and no members have deposited a notice under s.476 requiring an audit.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with s.386 of the Act for preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company.

The financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and in accordance with the Charities SORP FRS 102.

Approved and signed for issue by the trustees on 24 July 2025

Sharon Wilding - Chairman

Connor Harney - Treasurer

Company registration number - 04176324

CITIZENS ADVICE THANET NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page 9

1 ACCOUNTING POLICIES

Citizens Advice Thanet meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

b) Preparation of the accounts on a going concern basis

Citizens Advice Thanet operates on grant and project funding. Funding for core services is currently funded through grants by Thanet District Council. A 3-year funding agreement was put in place from April 2025. The success with bids for funding, and the review of core costs, all contribute to the charity being able to operate the service within the funds available.

The Trustees consider that Citizens Advice Thanet is able to operate as a going concern for at least the twelve months from the date these accounts are formally approved. Funding is in place and sufficient reserves are held for the service to continue to operate.

c) Income

Bank interest - bank interest is included in the income and expenditure account on receipt.

Other income - other income, including donations and gifts are included as they were received.

Gifts and intangible income - in addition to the above, the charity also receives help and support in the form of voluntary assistance in advising the public. This help and support is not included in the financial statements. However, its value to the charity has been estimated and disclosed in the trustees' report.

Deferred income - grants received in advance of the period in which the funder requires the expenditure to be applied will be reflected within deferred income on the balance sheet.

d) Expenditure

All expenditure is accounted for on an accruals basis and includes VAT where applicable. All expenditure directly related to the provision of the advisory services is included within the charitable expenditure. Other costs incurred have been allocated between activities for generating funds and governance as appropriate. Where such costs relate to more than one functional cost category they have been split on an estimate of time spent.

e) Leases

Rental costs are charged to the Statement of Financial Activities as incurred.

f) Significant judgements and estimates No significant judgements or estimates have had to be made by the Trustees in preparing these financial statements

CITIZENS ADVICE THANET

Page 10

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1 ACCOUNTING POLICIES

g) Depreciation of fixed assets

Tangible fixed assets costing more than £1,000 are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows :

Leasehold improvements Over the term of the lease Computers, software and equipment 33% straight line Furniture and equipment 25% straight line

h) Fund accounting

Unrestricted funds are grants, donations and other incoming resources receivable by the charity without further specified purpose and are available as general funds.

Designated funds are unrestricted funds earmarked by the Trustees for particular purposes.

Restricted funds relates to income to be used for specific purposes as laid down by the donor.

Unrestricted
funds
£
2
DONATIONS AND GRANTS
Thanet District Council - Household Support
-
Colyer Fergusson Charitable Trust
-
DWP - Kickstart Scheme
-
Thanet District Council - Community Connect
-
Donations
304
304
3
INCOME FROM CHARITABLE ACTIVITIES
Thanet District Council
113,851
Ramsgate Town Council
-
Cit A - Cost of Living
-
The National Lottery Community Fund
-
Thanet District Council - Rough Sleeper
-
113,851
4
INVESTMENT INCOME
Bank interest receivable
5,831		 Restricted
funds
£
100,000
12,500
-
10,000
-
122,500
-
21,500
-
97,673
-
119,173
-		 2025
Total
funds
£
100,000
12,500
-
10,000
304
122,804
113,851
21,500
-
97,673
-
233,024
5,831		 2024
Total
funds
£
120,000
-
500
19,180
8,154
147,834
106,702
20,000
15,000
55,944
13,829
211,475
527

CITIZENS ADVICE THANET

Page 11

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

5
EXPENDITURE
Unrestricted
Restricted
funds
funds
£
£
Costs of raising funds :
Wages and salaries
7,349
-
Fundraising costs
-
-
7,349
-
Charitable activities
Wages and salaries
20,705
112,129
Travel and other staff and volunteer costs
3,745
785
Grants - Household support
-
90,000
Rent and room hire
12,066
-
Light, heat and water
2,777
-
Property repairs and cleaning
3,112
-
Computer costs and IT support
4,753
75
Office equipment repairs
1,244
157
Insurance
4,659
-
Telephone
1,934
-
Publicity
12
100
Printing post and stationery
1,445
-
Training
480
-
CAB subscription costs
2,028
-
Books and publications
2,698
-
Sundries
60
-
Depreciation
11,763
-
Support costs
Wages and salaries
35,419
-
Accountancy fees
1,551
-
Payroll costs
864
-
Governance costs
Wages and salaries
2,940
-
Board and AGM meeting expenses
382
-
Legal and professional
13
-
Independent Examiner's fee
1,620
-
116,270
203,246
Total expenditure
123,619
203,246
6
NET INCOME
This is stated after charging:
Depreciation
Loss on disposal of fixed assets
Independent Examiner's remuneration : Management accounts
Payroll fees
Independent Examiners' fee		 2025
Total
funds
£
7,349
-
7,349
132,834
4,530
90,000
12,066
2,777
3,112
4,828
1,401
4,659
1,934
112
1,445
480
2,028
2,698
60
11,763
35,419
1,551
864
2,940
382
13
1,620
319,516
326,865
2025
£
11,763
-
1,551
864
1,620		 2024
Total
funds
£
7,439
-
7,439
98,240
2,747
108,000
11,040
1,609
5,256
3,101
927
4,480
1,607
205
2,311
5,218
1,969
974
106
8,193
21,175
1,566
965
2,976
60
-
1,560
284,285
291,724
2024
£
8,193
-
1,566
965
1,560

CITIZENS ADVICE THANET

Page 12

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

7
INFORMATION REGARDING EMPLOYEES
Wages and salaries
Social security costs
Pension contributions
Employment Allowance		 2025
2024
£
£
166,851
122,767
13,552
10,008
3,139
2,055
(5,000)
(5,000)
178,542
129,830

The average monthly head count was 8 staff (2024 - 6 staff).

The average number of employees based on full time equivalents analysed by function was:

Advisory services
Management and administration		 2025
2024
Number
Number
5
4
2
1
7
5

No employee received remuneration of more than £60,000 during the year or the preceding year.

No trustees received remuneration or were reimbursed expenses (2024 - no trustee received remuneration, but one trustee reimbursed expenses of £39) in their capacity as a trustee.

The total employee benefits (including employers national insurance) of the key management personnel of the charity were £29,397 (2024 - £29,756)

8 FIXED ASSETS

Cost
As at 1 April 2024
Additions
Disposals
As at 31 March 2025
Depreciation
As at 1 April 2024
Charge for the year
Disposals
As at 31 March 2025
Net book value
As at 31 March 2025
As at 31 March 2024		 Leasehold
Imp'ments
54,969
-
-
54,969
51,300
3,669
-
54,969
-
3,669		 £
53,359
18,576
(48,029)
23,906
51,694
7,025
(48,029)
10,690
13,216
1,665
Equipment
Computer		 Fixtures &
fittings
8,229
-
(827)
7,402
7,160
1,069
(827)
7,402
-
1,069		 Total
£
116,557
18,576
(48,856)
86,277
110,154
11,763
(48,856)
73,061
13,216
6,403

CITIZENS ADVICE THANET

Page 13

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

9
DEBTORS
Prepayments
10 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Other creditors
Taxation and social security
Accruals
Deferred income		 2025
£
4,556
2025
£
-
676
3,281
3,469
82,254
89,680		 2024
£
4,780
2024
£
807
458
2,463
2,914
47,817
54,459
11 ANALYSIS OF NET ASSETS BETWEEN FUND
General Designated
funds
funds
£
£
Fixed assets
-
13,216
Current assets
266,573
80,000
Current liabilities
(89,680)
-
Net assets as at 31 March 2025
176,893
93,216
ANALYSIS OF NET ASSETS BETWEEN FUND - PREVIOUS YEAR
General Designated
funds
funds
£
£
Fixed assets
-
6,403
Current assets
219,821
40,000
Current liabilities
(54,459)
-
Net assets as at 31 March 2024
165,362
46,403		 Restricted
funds
£
-
6,117
-
6,117
Restricted
funds
£
-
29,667
-
29,667		 Total
£
13,216
352,690
(89,680)
276,226
Total
£
6,403
289,488
(54,459)
241,432

CITIZENS ADVICE THANET

Page 14

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

12 MOVEMENT IN FUNDS
As at
1 04 2024
£
Restricted funds
TDC - Relocation
3,490
TNL Community Fund - IT
19,180
TNL Community Fund - Better Lives
6,997
Full Time Supervisor
-
TDC - Community Connect
-
TDC - Household Support
-
Ramsgate Town Council
-
Total restricted funds
29,667
Designated funds
Fixed assets
6,403
Charity closure
40,000
Total designated funds
46,403
Unrestricted general funds
165,362
Total funds
241,432		 IncomeExpenditure
£
£
-
-
-
-
97,673
(73,473)
12,500
(11,242)
10,000
(7,568)
100,000
(90,000)
21,500
(20,963)
241,673
(203,246)
-
-
-
-
-
-
119,986
(123,619)
361,659
(326,865)		 As at
Transfers
31 03 2025
£
£
-
3,490
(18,576)
604
(30,432)
765
-
1,258
(2,432)
-
(10,000)
-
(537)
-
(61,977)
6,117
6,813
13,216
40,000
80,000
46,813
93,216
15,164
176,893
-
276,226

RESTRICTED FUNDS

Thanet District Council - Relocation

£30,000 was awarded for the move and relocation costs in 2021, for refit to make new smaller office fit for purpose. No further money was spent from this pot in 2024-25

TNL Community Fund - IT

Grant money received from the National Lottery Awards for All scheme spent on replacing old IT equipment for new. The transfer to unrestricted funds represents the cost of IT purchased in the year and is shown within fixed assets on the balance sheet.

TNL Community Fund - Better Lives Thanet

Restricted to project salaries of 2 advisers plus associated costs of admin, supervision, training, travel, IT provision, insurance, memberships, reference materials, stationary. The aim of the project is to make our service more accessible by taking is out into Community Venues around Thanet. The transfer to unrestricted funds represents an agreed contribution towards the charity's overhead costs.

Full Time Supervisor

A grant of £30,000 from Colyer Fergusson Charitable Trust to fund the full time salary of a supervisor/advisor for a one year contract from November 2024. £17,500 has been deferred into next year's budget to match against the salary cost.

TDC - Community Connect

£10,000 received from Thanet District Council (UK Shared Prosperity Scheme) to cover the salary and additional costs for a part-time telephone adviser on a 6-month contract, focusing on the most deprived wards in Thanet. The transfer to unrestricted funds represents the agreed contribution towards the charity's overhead costs.

TDC - Household Support

A total of £100,000 received from Thanet District Council, £90,000 to distribute and £10,000 for admin costs. The aim of the fund to help those unable to pay for essentials during the continuing cost of living crisis.

CITIZENS ADVICE THANET

Page 15

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

RESTRICTED FUNDS - cont'd

Ramsgate Town Council

Funding is restricted to the Ramsgate Office paying for a part-time Supervisor/Adviser to enable a service to function from the Ramsgate Office.

DESIGNATED FUNDS

Fixed assets

A fund created by the Trustees and represents the net book value of the charity's fixed assets at the balance sheet date. The fund was created due to the increase in fixed assets and although they are within general funds the value of the assets cannot be utilised for future expenditure.

Charity closure

A fund created by the Trustees and represents the estimated costs of the charity having to close due to a lack of funding.

UNRESTRICTED GENERAL FUNDS

This (Operational Reserve) provides funding for the service to continue for a period of time should funding be withdrawn. This allows the Directors to seek further alternative funding or to reorganise the service to meet the available funding.

MOVEMENT IN FUNDS - PREVIOUS YEAR

As at
1 04 2023
£
Restricted funds
TDC - Relocation
3,490
TNL - Community Fund - IT
-
TNL - Community Fund -Better Lives
-
TDC - Rough Sleeper
4,116
TDC - Household Support
-
Ramsgate Town Council
-
KCF - Volunteer Training
4,700
Total restricted funds
12,306
Designated funds
Fixed assets
12,098
Charity closure
40,000
Total designated funds
52,098
Unrestricted general funds
108,916
Total funds
173,320		 IncomeExpenditure
£
£
-
-
19,180
-
55,944
(35,522)
13,829
(13,160)
120,000
(108,000)
20,000
(17,350)
-
(4,250)
228,953
(178,282)
-
-
-
-
-
-
130,883
(113,442)
359,836
(291,724)		 As at
Transfers
31 03 2024
£
£
-
3,490
-
19,180
(13,425)
6,997
(4,785)
-
(12,000)
-
(2,650)
-
(450)
-
(33,310)
29,667
(5,695)
6,403
-
40,000
(5,695)
46,403
39,005
165,362
-
241,432

RESTRICTED FUNDS - PREVIOUS YEAR

Thanet District Council - Relocation

In the previous year, £30,000 was awarded for the move and relocation costs. The new smaller office required a complete refit to make it ‘fit for purpose’. Further remaining money was spent in 2022/23, and further amounts may be spent in 2024/25.

TNL Community Fund - IT

This was awarded towards the end of the financial year to be spent in 2024-25 on IT as prescribed in the bid.

CITIZENS ADVICE THANET

Page 16

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

RESTRICTED FUNDS - PREVIOUS YEAR - cont'd

TNL Community Fund - Better Lives

Restricted to project salaries of two Advisors, one 35 hours pw and the other 30 hours pw plus associated on costs of admin, supervision and management and other costs such as training, travel, IT provision, Insurance, memberships, reference materials, stationery. The aims of the project are to bring our advice service to venues in the community such as food banks, children centres, community hubs, libraries where people in need of our help may be.

TDC - Rough Sleeper RISE

This ended 20 September 2023. Restricted to cover of 21 hour part-time adviser within the Rise Team plus a transfer to unrestricted funds to represent a contribution towards office costs.

TDC - Household Support

A total of £120,000 was received from Thanet District Council. £108,000 to distribute and £12,000 to cover administration of the project. The aim of the project was to help hose unable to pay for essentials during the cost of living crisis. The £108,000 was distributed via vouchers from platforms Hugg and Charis plus the Schoolwear Centre Shop in Margate.

Ramsgate Town Council

Funding from Ramsgate Town Council restricted to Ramsgate Office for paying for a part time Supervisor/Adviser to enable advice service to function from the Ramsgate Office.

KCF - Volunteer training

Funding carried over from 2022/23 to cover training of volunteers, provided by Citizens Advice North West Kent. An amount of £450 remained of the original grant of £6,000. It was agreed with the funder that we could use this to put towards the cost of a desktop. A desktop was purchased and therefore the balance of the fund has been transferred to general funds to contribute towards the cost of the desktop.

DESIGNATED FUNDS - PREVIOUS YEAR

Fixed assets

A fund created by the Trustees and represents the net book value of the charity's fixed assets at the balance sheet date. The fund was created due to the increase in fixed assets and although they are within general funds the value of the assets cannot be utilised for future expenditure.

Charity closure

A fund created by the Trustees and represents the estimated costs of the charity having to close due to a lack of funding.

UNRESTRICTED GENERAL FUNDS

This (Operational Reserve) provides funding for the service to continue for a period of time should funding be withdrawn. This allows the Directors to seek further alternative funding or to reorganise the service to meet the available funding.

CITIZENS ADVICE THANET

Page 17

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

13 FINANCIAL COMMITMENTS

At 31 March 2025 the charity had future minimum lease payments under non-cancellable operating leases as follows:

leases as follows:
2025 2024
£ £
within one year 27,500 6,440
within two to five years 7,875 -
after five years - -

Included in the amount payable within one year is £14,000 in respect of a lease agreement where heads of terms were agreed by the year end but the lease agreement was not actually signed until just after 31 March 2025.

14 OTHER FINANCIAL COMMITMENTS

During the year ended 31 March 2022, the charity moved its offices in Margate and incurred expenditure of £18,875 which has been shown as Leasehold Improvements on the balance sheet and depreciated over the initial lease term. When the charity vacates the property it will be required to put the office back to their original state. The cost of this work cannot be accurately quantified and therefore has not been recognised as a commitment on the balance sheet.

15 MEMBERS LIABILITY

The company is a company limited by guarantee. Every member of the Charity undertakes to contribute such amount as may be required, not exceeding £10, to the Charity's assets if it should be wound up while they are a member or within one year after they ceased to be a member, for the costs of winding up and for the adjustment of the rights of persons who have contributed to the Charity's assets.

16 CORPORATION TAXATION

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

17 RELATED PARTY TRANSACTIONS

The charity did not undertake any transactions with related parties that require disclosure.