OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← Citizens Advice Mid Lincolnshire

2025-03-31-accounts

REGISTERED COMPANY NUMBER: 5449108 (England and Wales) REGISTERED CHARITY NUMBER: 1111681

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

CITIZENS ADVICE MID-LINCOLNSHIRE

Dexter & Sharpe Chartered Certified Accountants The Old Vicarage Church Close Boston Lincolnshire PE21 6NA

CITIZENS ADVICE MID-LINCOLNSHIRE

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page
Report of the Trustees 1 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Cash Flow Statement 10
Notes to the Cash Flow Statement 11
Notes to the Financial Statements 12 to 19

CITIZENS ADVICE MID-LINCOLNSHIRE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of 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).

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The organisation is a charitable company limited by guarantee, incorporated on 11 May 2005 and registered as a charity on 13 October 2005. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

5449108 (England and Wales)

Registered Charity number

1111681

Registered office

Municipal Buildings West Street Boston Lincolnshire PE21 8QR

Other operational office

Kesteven Street Sleaford Lincolnshire NG34 7EF

Trustees/Company Directors

Simon Bradford Anna Pugh Kevin Will Jenny Paterson Liz Sims Christabel Edwards Stuart Clegg John Kilcoyne Danielle Hardy

Chair Vice Chair, Chair of People & Policies committee Treasurer/Chair of Finance committee

Management Team

Louise Buckingham Vicki Langley Steph Shinn

Chief Executive Officer Business Manager Service Manager

Page 1

CITIZENS ADVICE MID-LINCOLNSHIRE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Independent Examiner Nicola Lenton F.C.C.A. Dexter & Sharpe Chartered Certified Accountants The Old Vicarage Church Close Boston Lincolnshire PE21 6NA

Bankers Barclays Bank plc Leicester LE87 2BB

Approved by order of the board of trustees on 16[th] July 2025 and signed on its behalf by:

Simon Bradford (Chair of the Trustee Board)

Page 2

CITIZENS ADVICE MID-LINCOLNSHIRE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Our Aims and Objectives

Purposes and Aims

Our local aim, from our articles of association is to establish and maintain a local Citizens Advice for charitable purposes for the benefit of the inhabitants of the Borough of Boston, North Kesteven and of the adjacent districts of the County of Lincolnshire.

Ensuring that our work delivers our aims

This year saw the benefits by way of increased capacity and our ability to push forward on developing new outlets, service delivery channels and other projects.

How our activities deliver public benefit

Our main activities are undertaken to further our charitable purposes for public benefit.

Who used and benefited from our services

During this financial year we assisted in 5,577 individual clients, helping with 26,549 issues. Advice was provided via face to face, telephone, email and web chat.

The top 5 issues by proportion were:

● Benefits and Tax Credits (inc. UC) 41%
● Debt and financial capability 12%
● Housing 9%
● Legal 6%
● Employment 5%

Our age profile of clients across CAML

● 15-24 years old 5% of total clients ● 25-34 years old 19% of total clients ● 35-49 years old 36% of total clients ● 50-64 years old 27% of total clients ● Over 65 years old 17% of total clients

Our main services

We give people the knowledge and confidence they need to find their way forward – whoever they are and whatever their problem. Our service is free, independent, impartial and confidential. This gives us an insight into the issues our clients are facing and policies that are affecting them unfairly. We feed this information back to national Citizens Advice to help with their research and to influence decision makers to change policies and practices.

Our advice is given by a mix of volunteers and paid staff. We also provide specific advice on energy, benefits and debt and can help our clients to appeal decisions and negotiate with creditors.

Page 3

CITIZENS ADVICE MID-LINCOLNSHIRE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Quality of advice

We use the ongoing Citizens Advice quality of advice model where we self-assess our performance on a monthly basis; this is then moderated by a sample undertaken by Citizens Advice.

We regularly score “yellow or green” assessments (good or excellent respectively) for quality of advice, case administration and the consistency of our self-assessment.

Specialist services

We continue to offer specialist debt advice via our East Midlands Money Advice project funded by the Money Advice and Pensions Service.

We also operate smaller projects, as examples, supported by Boston Big Local (focusing on housing, benefit and debt issues for residents of a specified part of Boston) and the Medlock Charitable Trust providing benefits advice in our local Boston community.

Financial Review

Despite local and central government funding restrictions, we have worked hard to secure necessary and additional funding.

Principal funding sources

Our Funding comes from a mix of grant and contract income with some donations from small bodies and individuals. We particularly welcomed the continuance of funding at the previous year’s level from our local borough and district councils despite the continuing economic downturn and the reduction in their income from central government.

Our funders for 2024-25 were:

Investment policy

Aside from retaining a prudent amount in reserves each year, most of the charity’s funds are spent in the short term so there are few funds for long term investment.

CAML’s funds are managed tightly. An account also contains CAML reserves.

The Trustee Board, via the Treasurer, will continue to review investment strategy to establish whether a larger return is available at no risk to CAML’s finances.

Page 4

CITIZENS ADVICE MID-LINCOLNSHIRE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Reserves policy

The Trustee Board has reviewed the charity’s requirements for reserves in the light of the main risks to the organisation. The established policy is to aim to maintain the greater of:

Or in the case of immediate closure,

This second figure was totalled around £128,000 as at 31 March 2025.

Our unrestricted reserves for this year are quoted as £322,785 of which £171,555 was designated by us as detailed in the 31 March 2024 accounts.

This leaves a net unrestricted reserve to cover items such as current or future deficits, premises upgrades, service delivery and sustainability at £151,230. Restricted reserves stood at £23,179.

Plans for Future Periods

We plan to continue to improve access to our services by further use of telephone, electronic face-to-face, webchat and email advice opportunities to complement our well established face-to-face offer.

To assist in planning, we have a revised CAML business and service development plan that has been produced to give our strategic direction and timelines for travel along our development path.

Recruitment and appointment of the Trustee Board

The directors of the company are also charity trustees and known as Trustees. Trustees are elected, co-opted or nominated to serve for a period of up to the third Annual General Meeting after which they must be elected, co-opted or nominated again. Trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in notes 5 & 6 to the accounts.

Trustee recruitment remains a key objective in order that the Board:

Trustee induction and training

New Trustees spend time in the local offices to get an idea of the activities and pressures that staff and clients face. Data protection training and assessment is mandatory for all Trustees on an annual basis.

Trustees are provided with full information on their roles and responsibilities when recruited and asked to work through a programme of information, research and knowledge following their appointment.

Risk management

We have a risk register and have fully reviewed our CAML Business Continuity Plan. This is now being aligned with other partners where relevant, e.g. Boston Borough Council.

Page 5

CITIZENS ADVICE MID-LINCOLNSHIRE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Organisational structure

We currently have 9 Trustees (as at 31 March 2025) who meet quarterly as a minimum and also attend Board subcommittee meetings:

The Board also takes responsibility under the new Citizens Advice membership agreement and leadership guidance for the strategic direction and policy of the charity.

Related parties

CAML is a member of Citizens Advice with its local and national policy. We are represented on various boards and bodies at local level as well as county.

In Lincolnshire, CAML is part of the Citizens Advice Lincolnshire consortium. This allows for a single county conduit to facilitate countywide funding and activity.

We have well established links with many local organisations and contacts: our local councils, The Trussell Trust, Department for Work and Pensions, Age UK, Centrepoint Outreach (a local homeless charity) and we also continue to maintain close links with our local Community and Voluntary Service colleagues.

Our Trustees also have other areas of interest and influence in our locality and we also encourage our staff to represent their communities within other organisations.

Members of the Trustee Board

Trustee Board members (who are directors for the purpose of company law and trustees for the purposes of charity law) who served during the year and up to the date of this report are set out earlier.

In accordance with Company Law, as the company’s directors, we certify that:

● So far as we are aware, there is no relevant examination information of which the company’s examiners are unaware.

● As the directors of the Company we have taken all the steps that we ought to have taken in order to make ourselves aware of any relevant examination information and to establish that the charity’s examiners are aware of that information.

Responsibilities of the Trustee Board

We are required to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company. In preparing these financial statements the Trustee Board should follow best practice and:

The Trustee Board is also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Accountants

Dexter and Sharpe were re-appointed as the charitable company’s accountants during the year and have expressed their willingness to continue in that capacity.

This report has been prepared in accordance with the Statement of Recommended Practice; Accounting and Reporting by Charities issued in March 2005 (updated June 2008) and in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small entities.

Approved by the Trustee Board on 16[th] July 2025 and signed on its behalf by:

………………………………………………………. Simon Bradford (Chair of Trustee Board)

Page 6

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CITIZENS ADVICE MID-LINCOLNSHIRE

Independent examiner's report to the trustees of Citizens Advice Mid-Lincolnshire ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.

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 your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can 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:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts 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

  3. the accounts 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.

Mrs Nicola Lenton FCCA

Dexter & Sharpe Chartered Certified Accountants The Old Vicarage Church Close Boston Lincolnshire PE21 6NA

Date: 16[th] July 2025

Page 7

CITIZENS ADVICE MID-LINCOLNSHIRE

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted
Designated
fund
funds
Notes
£
£
INCOME AND
ENDOWMENTS FROM
Donations and legacies
2
11,200
19,973
Charitable activities
4
Charitable Activities
295,395
-
Investment income
3
2,879
-
Total
309,474
19,973
EXPENDITURE ON
Charitable activities
5
Charitable Activities
11,302
-
Other
2,339
-
Staff and Volunteer
225,757
85,394
Office Costs
27,381
9,986
Premises Expenses
36,238
9,986
Total
303,017
105,366
NET
INCOME/(EXPENDITURE)
6,457
(85,393)
RECONCILIATION OF
FUNDS
Total funds brought forward
144,773
256,948
TOTAL FUNDS CARRIED
FORWARD
151,230
171,555		 Restricted
fund
£
-
171,982
-
171,982
-
-
142,863
5,940
-
148,803
23,179
-
23,179		 2025
Total
funds
£
31,173
467,377
2,879
501,429
11,302
2,339
454,014
43,307
46,224
557,186
(55,757)
401,721
345,964		 2024
Total
funds
£
41,000
513,120
2,596
556,716
18,324
2,377
385,782
35,588
45,233
487,304
69,412
332,309
401,721

The notes form part of these financial statements

Page 8

CITIZENS ADVICE MID-LINCOLNSHIRE

BALANCE SHEET 31 MARCH 2025

Notes
FIXED ASSETS
Tangible assets
11
CURRENT ASSETS
Debtors
12
Cash at bank
CREDITORS
Amounts falling due within one year
13
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
15
Unrestricted funds
Restricted funds
TOTAL FUNDS		 2025
£
7,188
1,524
351,114
352,638
(13,862)
338,776
345,964
345,964
322,785
23,179
345,964		 2024
£
9,204
1,352
437,628
438,980
(46,463)
392,517
401,721
401,721
401,721
-
401,721

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 16[th] July 2025 and were signed on its behalf by:

............................................. Simon Bradford (Chairman)

The notes form part of these financial statements

Page 9

CITIZENS ADVICE MID-LINCOLNSHIRE

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash (used in)/provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
Net cash used in investing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 2025
£
(85,345)
(85,345)
(4,048)
2,879
(1,169)
(86,514)
437,628
351,114		 2024
£
84,457
84,457
(12,717)
2,596
(10,121)
74,336
363,292
437,628

The notes form part of these financial statements

Page 10

CITIZENS ADVICE MID-LINCOLNSHIRE

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net (expenditure)/income for the reporting period (as per the
Statement of Financial Activities)
Adjustments for:
Depreciation charges
Interest received
(Increase)/decrease in debtors
(Decrease)/increase in creditors
Net cash (used in)/provided by operations		 2025
£
(55,757)
6,064
(2,879)
(172)
(32,601)
(85,345)		 2024
£
69,412
6,393
(2,596)
548
10,700
84,457

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.24 Cash flow At 31.3.25
£ £ £
Net cash
Cash at bank 437,628 (86,514) 351,114
437,628 (86,514) 351,114
Total 437,628 (86,514) 351,114

The notes form part of these financial statements

Page 11

CITIZENS ADVICE MID-LINCOLNSHIRE

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

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Grants are included on the accruals basis, being recognised in the period they are intended to cover. Grants received before their period of designated expenditure are accrued as deferred income. Donations are included on a receipts basis.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Other costs include all expenditure not directly related to the charitable activities.

Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation. Values of less than £500 are not capitalised. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives. The trustees have reviewed the policy and have adopted the following bases of depreciation:

Furniture & equipment 5 years straight line Computer equipment 3 years straight line

Taxation

The charity is a registered charity and the accounts are prepared on the basis that its activities are not liable to income tax or corporation tax. The bureau is registered for value added tax and has a partial exemption status. Assets, income and expenditure are shown in the accounts net of any VAT payable or recoverable.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

continued...

Page 12

CITIZENS ADVICE MID-LINCOLNSHIRE

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

1. ACCOUNTING POLICIES - continued

Operating leases

Rentals applicable to operating leases, where substantially all of the benefits and risks of ownership remain with the lessee, are charged against profits on a straight line basis over the period of the lease.

2. DONATIONS AND LEGACIES

2.
DONATIONS AND LEGACIES
Donations
3.
INVESTMENT INCOME
Deposit account interest
4.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Government and Local
Government
Charitable Activities
Other
Charitable Activities		 2025
£
31,173
2025
£
2,879
2025
£
262,411
204,966
467,377		 2024
£
41,000
2024
£
2,596
2024
£
236,066
277,054
513,120

5.

CHARITABLE ACTIVITIES COSTS

Charitable Activities
Other
Staff and Volunteer
Office Costs
Premises Expenses		 Direct
Costs
£
11,302
-
454,014
43,307
46,224
554,847		 Support
costs (see
note 6)
£
-
2,339
-
-
-
2,339		 Totals
£
11,302
2,339
454,014
43,307
46,224
557,186

continued...

Page 13

CITIZENS ADVICE MID-LINCOLNSHIRE

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

6. SUPPORT COSTS

Governance costs £ Other 2,339

7. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2025 2024 £ £ Depreciation - owned assets 6,064 6,393

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

9. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Employees		 2025
£
403,750
26,881
11,552
442,183
2025
20		 2024
£
349,277
20,688
8,584
378,549
2024
18

No employees received emoluments in excess of £60,000.

continued...

Page 14

CITIZENS ADVICE MID-LINCOLNSHIRE

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

10.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Designated
fund
funds
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
41,000
-
Charitable activities
Charitable Activities
281,741
-
Investment income
2,596
-
Total
325,337
-
EXPENDITURE ON
Charitable activities
Charitable Activities
11,949
-
Other
2,377
-
Staff and Volunteer
276,318
-
Office Costs
34,381
-
Premises Expenses
45,233
-
Total
370,258
-
NET INCOME/(EXPENDITURE)
(44,921)
-
Transfers between funds
36,201
107,448
Net movement in funds
(8,720)
107,448
RECONCILIATION OF FUNDS
Total funds brought forward
153,493
149,500
TOTAL FUNDS CARRIED FORWARD
144,773
256,948		 Restricted
fund
£
-
231,379
-
231,379
6,375
-
109,464
1,207
-
117,046
114,333
(143,649)
(29,316)
29,316
-		 Total
funds
£
41,000
513,120
2,596
556,716
18,324
2,377
385,782
35,588
45,233
487,304
69,412
-
69,412
332,309
401,721

Page 15

continued...

CITIZENS ADVICE MID-LINCOLNSHIRE

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

11.
TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£
COST
At 1 April 2024
15,820
Additions
1,881
At 31 March 2025
17,701
DEPRECIATION
At 1 April 2024
15,820
Charge for year
376
At 31 March 2025
16,196
NET BOOK VALUE
At 31 March 2025
1,505
At 31 March 2024
-
12.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Prepayments and accrued income
13.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Pension
Deferred income
Accrued expenses
14.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
Designated
Restricted
fund
funds
fund
£
£
£
Fixed assets
7,188
-
-
Current assets
157,904
171,555
23,179
Current liabilities
(13,862)
-
-
151,230
171,555
23,179		 Computer
equipment
£
51,426
2,167
53,593
42,222
5,688
47,910
5,683
9,204
2025
£
1,524
2025
£
2,448
7,117
1,772
-
2,525
13,862
2025
Total
funds
£
7,188
352,638
(13,862)
345,964

Restricted funds represent grants received for projects, less expenses paid for direct charitable services and administration under the restrictions imposed for these grants.

Page 16

continued...

CITIZENS ADVICE MID-LINCOLNSHIRE

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

14. ANALYSIS OF NET ASSETS BETWEEN FUNDS - continued

Unrestricted funds noted above are unrestricted general funds, which represent the free funds of the charity which are not designated for a particular fund. The designated fund is a fund that has been designated by the trustees to cover future costs as follows:

Immediate closure / running costs
IT & office
Premises provision reserve
Wages		 Balance at
1.4.2024

£
127,000
2.500
20,000
107,448
256,948		 Transfers in
Year
£
-
-
-
(85,393)
(85,393)		 Balance at
31.3.2025
£
127,000
2,500
20,000

22,055
171,555

15. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Designated Fund
Restricted funds
Restricted Fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Designated Fund
Restricted funds
Restricted Fund
TOTAL FUNDS		 At 1.4.24
£
144,773
256,948
401,721
-
401,721
Incoming
resources
£
309,474
19,973
329,447
171,982
501,429		 Net
movement
At
in funds
31.3.25
£
£
6,457
151,230
(85,393)
171,555
(78,936)
322,785
23,179
23,179
(55,757)
345,964
Resources
Movement
expended
in funds
£
£
(303,017)
6,457
(105,366)
(85,393)
(408,383)
(78,936)
(148,803)
23,179
(557,186)
(55,757)

continued...

Page 17

CITIZENS ADVICE MID-LINCOLNSHIRE

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

15. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Designated Fund
Restricted funds
Restricted Fund
TOTAL FUNDS		 At 1.4.23
£
153,493
149,500
302,993
29,316
332,309		 Net
movement
in funds
£
(44,921)
-
(44,921)
114,333
69,412		 Transfers
between
funds
£
36,201
107,448
143,649
(143,649)
-		 At
31.3.24
£
144,773
256,948
401,721
-
401,721

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Restricted Fund
TOTAL FUNDS		 Incoming
resources
£
325,337
231,379
556,716		 Resources
Movement
expended
in funds
£
£
(370,258)
(44,921)
(117,046)
114,333
(487,304)
69,412

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Designated Fund
Restricted funds
Restricted Fund
TOTAL FUNDS		 At 1.4.23
£
153,493
149,500
302,993
29,316
332,309		 Net
movement
in funds
£
(38,464)
(85,393)
(123,857)
137,512
13,655		 Transfers
between
funds
£
36,201
107,448
143,649
(143,649)
-		 At
31.3.25
£
151,230
171,555
322,785
23,179
345,964

continued...

Page 18

CITIZENS ADVICE MID-LINCOLNSHIRE

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

15. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

as follows:
Incoming
Resources		 Movement
resources
expended		 in funds
£ £ £
Unrestricted funds
General fund 634,811 (673,275) (38,464)
Designated Fund 19,973 (105,366) (85,393)
654,784 (778,641) (123,857)
Restricted funds
Restricted Fund 403,361 (265,849) 137,512
TOTAL FUNDS 1,058,145 (1,044,490) 13,655

16. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2025.

17. JOINT VENTURE

Citizens Advice Mid Lincolnshire is a participant, with two other county Bureaux, in a joint venture, Citizens Advice Lincolnshire.

Citizens Advice Lincolnshire is a charitable company limited by guarantee, incorporated on 12 October 2012.

The Bureau received £73,183 (2024 £68,911) from the joint venture.

As at 31 March 2025 no amounts were due from/to Citizens Advice Lincolnshire.

Page 19