**Company registration number: 09935120 Charity registration number: 1165743**
## **Citizens Advice South Lincolnshire**
**Company Limited by Guarantee Unaudited Financial Statements For the year ended 31st March 2023**
## **Citizens Advice South Lincolnshire**
## **Company Limited by Guarantee**
## **Financial Statements**
## **For the year ended 31st March 2023**
||**Pages**|
|---|---|
|Trustees' annual report (incorporating the directors' report)|**1 to 5**|
|Independent examiner's report to the trustees|**6**|
|Statement of financial activities (including income and expenditure account)|**7**|
|Statement of financial position|**8**|
|Statement of cash flows|**9**|
|Notes to the financial statements|**10 to 16**|
## **Citizens Advice South Lincolnshire**
## **Company Limited by Guarantee**
**Trustees' Annual Report (incorporating the Directors' Report)**
## **For the year ended 31st March 2023**
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 31st March 2023.
**Reference and administrative details Registered charity name** Citizens Advice South Lincolnshire **Charity registration number** 1165743 **Company registration number** 09935120 **Principal office and registered office** Council Offices Priory Road Spalding PE11 2XE **The trustees** Sameena Alladin Melvyn Price Resigned 16th November, 2022 Jeremy Stephen Gibbs Susan Mary West Mark Simon Hallewell Vicky Haw Monica Stark Heather Lucy Jane McLoughlin Timothy Jubb Clare Elizabeth Wadsworth
**Company secretary** Simon Ian Richards **Independent examiner** Andrew M Smith Salway and Wright 32 The Crescent Spalding PE11 1AF **Bankers** Lloyds Bank plc Hall Place Spalding PE11 1SR
1
## **Citizens Advice South Lincolnshire**
## **Company Limited by Guarantee**
## **Trustees' Annual Report (incorporating the Directors' Report) (continued)**
## **For the year ended 31st March 2023**
|**Bankers (continued)**|CAF Bank Limited|
|---|---|
||25 KingsHill Avenue|
||Kings Hill|
||West Malling|
||ME19 4JQ|
||CCLA Investment Management Limited|
||Senator House|
||85 Queen Victoria Street|
||London|
||EC4V 4ET|
||Melton Mowbray Building Society|
||Mutual House|
||Leicester Road|
||Melton Mowbray|
||LE13 0DB|
## **Structure, governance and management**
## **Governing Document**
Citizens Advice South Lincolnshire is a company limited by guarantee governed by its Memorandum and Articles of Association, it was incorporated on 4th January 2016. It was registered as a charity with the Charity Commission on 24th February 2016.
Members guarantee to contribute an amount not exceeding £1 to the assets of the charitable company in the event of winding up. The total number of such guarantees at 31 March 2023 was 9.
## **Appointment of Directors**
Applications to become a director were received, typically in response to advertising or through existing contacts. Prospective directors were then interviewed by at least one director. Successful candidates were presented to a Directors' Meeting that decided whether or not to appoint. All directors are Members of the company.
## **Director Induction and Training**
New directors have been provided with an induction pack outlining their roles and responsibilities and are supported by an existing director in a mentoring role. They have been given a tour around the premises and introduced to key staff. In addition training has been provided by regional and national Citizens Advice training organisations.
## **Organisation**
The Board of Directors have met quarterly and administer the charity. Whilst they have been responsible for the strategic direction of the charity, the Chief Officer has been responsible for the day-to-day operations of the Company. In addition members have participated in four sub committees covering finance, people, external affairs and remuneration, ensuring that these issues are thoroughly examined and debated ahead of making proposals and recommendations to the Board.
2
## **Citizens Advice South Lincolnshire**
## **Company Limited by Guarantee**
**Trustees' Annual Report (incorporating the Directors' Report) (continued)**
## **For the year ended 31st March 2023**
## **Structure, governance and management (continued)**
## **Risk Management**
The Charity has continued to work under the supervising and monitoring umbrella of the National Association of Citizens Advice, and has operated a well-defined Risk Management process.
The Directors have been responsible for ensuring that all risks are identified, assessed and managed in a dynamic manner and that the systems of internal control are robust and relevant, are applied rigorously and reported regularly. The object of the risk policy has been to limit the exposure of the Company's business, and the assets for which it is responsible, financial, operational and other risks and to ensure business continuity. The Risk Register has been reviewed as part of the normal business process by risk owners, on a quarterly basis through the full Board of Directors.
## **Objectives and activities**
The objects of the charity have been to:
Provide advice services to individuals resident in the South Holland and South Kesteven areas under the auspices of Citizens Advice.
Promote any charitable purpose for the benefit of the community in South Holland and South Kesteven by the advancement of education, the protection and preservation of health and the relief of poverty, sickness and distress.
## **Public benefit**
The directors confirm that they have referred to the public benefit guidance published by the Charity Commission. This is evidenced by the sections of this report showing that all services provided by the charity have been available to the public and designed to assist and benefit those members of the public who seek advice.
## **Achievements and performance**
In 2022/23 Citizens Advice South Lincolnshire helped 11,624 clients and supported them with 37,543 new issues.
It helped clients in financial difficulty with an aggregate debt figure of £2,107,436
This was achieved by 64 volunteers and 44 paid staff. It has been estimated by Citizens Advice, the national organisation, that the annual value of volunteering at Citizens Advice South Lincolnshire is £361,148
3
## **Citizens Advice South Lincolnshire**
## **Company Limited by Guarantee**
## **Trustees' Annual Report (incorporating the Directors' Report) (continued)**
## **For the year ended 31st March 2023**
## **Financial review**
## **Funding**
Citizens Advice South Lincolnshire has been funded largely by way of grants, commissioned services and donations. The directors are grateful to all contributors.
This year, grant funding has been received from South Holland District Council ("SHDC"), South Kesteven District Council ("SKDC") and Lincolnshire County Council ("LCC") to provide the generalist advice service.
The provision of funding from the East Midlands Money Advice Service (managed by the Community Advice and Law Service) together with SKDC and SHDC for money advice has allowed for a continuation of the debt work that has been provided for the community.
Holbeach United Charity has provided funding for the most vunerable members of the Holbeach community within their own homes providing advice and support regarding welfare benefits.
The Home Office provided funding to deliver the EUSS scheme across Lincolnshire for which we are extremely grateful.
Bourne United Charities, Bourne Town Council and Len Pick Trust provided funding to deliver a service for the community of Bourne.
We are grateful to Worth Waynflete Foundation and Spalding Town Husbands Charity for donations to help meet the needs of people during the cost-of-living crisis.
We are also grateful to the East Coast Communities Fund who provided funding to support the delivery of the much needed Migrant Worker Helpline .
Staff continue to provide help and support for people struggling to afford the basics, funded through the partnership of Citizens Advice and Trussell Trust's Help Through Hardship helpline.
We have had funding from NHS Lincolnshire to cope with Winter Pressures, Shine Lincolnshire to provide advice in partnership with Mindspace, Stamford and funding from Ctizens Advice and Energy Redress Trust to help people in fuel poverty.
## **Management and other issues**
The core funding accounts for 26.4% of the total income but, because of this strong base, the company has managed to lever in 73.6% from other sources over the year, enabling it to provide specialist benefit and debt advice, home visits, and to provide support to migrant workers.
Citizens Advice South Lincolnshire (CASL) is a member of Citizens Advice Lincolnshire (CAL), a consortium of Citizens Advice companies which work collaboratively to improve and enhance advice services across the county.
## **Investment Policy**
Under the Memorandum and Articles of Association, the charity has the power to make any investment which the Board of Directors sees fit.
4
## **Citizens Advice South Lincolnshire**
## **Company Limited by Guarantee**
## **Trustees' Annual Report (incorporating the Directors' Report) (continued)**
## **For the year ended 31st March 2023**
## **Financial review (continued)**
## **Reserves Policy**
The directors have agreed to maintain a minimum designated reserve of £220,000 which is believed to be sufficient to cover the orderly winding up of the company in the event that all funding is withdrawn. The previous designated fund in respect of the net book value of fixed assets has been increased to £15,367.
The previous designated fund created in order to provide for the replacement of IT equipment is now not considered necessary, reducing the fund by £18,224.
An additional designated fund has been created in order to cover the cost of staff employed working on Adviceline for the next financial year, at an estimated cost of £36,574.
## **Small company provisions**
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report (incorporating the directors' report) was approved on 21st September 2023 and signed on behalf of the board of trustees by:
Monica Stark Chairman
5
## **Citizens Advice South Lincolnshire**
## **Company Limited by Guarantee**
## **Independent Examiner's Report to the Trustees**
## **For the year ended 31st March 2023**
I report to the trustees on my examination of the financial statements of Citizens Advice South Lincolnshire ('the charity') for the year ended 31st March 2023.
## **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:
1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
2. the financial statements do not accord with those records; or
3. 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
4. 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.
Andrew M Smith FCA Independent Examiner Salway & Wright 32 The Crescent Spalding Lincs PE11 1AF
21st September 2023
6
## **Citizens Advice South Lincolnshire**
## **Company Limited by Guarantee**
## **Statement of Financial Activities**
## **(including income and expenditure account)**
**For the year ended 31st March 2023**
|**Note**
**Income and endowments**
Donations and grants
**5**
Investment income
**6**
Other income
**_7_**
**Total income**
**Expenditure**
Expenditure on charitable activities
**8**
Governance costs
**9**
**Total expenditure**
**Net income**
Transfer between funds
**Net movement in funds**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**
**18**|Unrestricted
funds
**£**
223,288
3,287
12,505|**2023**
Restricted
funds
**£**
596,706
-
-|2022
**Total funds**
Total funds
**£**
**_£_**
819,994
869,804
3,287
946
12,505
3,015|
|---|---|---|---|
||239,080|596,706|835,786
873,765|
||(374,136)
(3,467)|(486,720)
-|(860,856)
(834,646)
(3,467)
(5,374)|
||(377,603)|(486,720)|(864,323)
(840,020)|
||(138,523)
94,238|109,986
(94,238)|(28,537)
33,745
-
-|
||(44,285)
424,555|15,748
-|(28,537)
33,745
424,555
390,810|
||380,270|15,748|396,018
424,555|
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 a part of the financial statements_
7
## **Citizens Advice South Lincolnshire**
## **Company Limited by Guarantee**
**Statement of Financial Position**
**as at 31st March 2023**
**----- Start of picture text -----**
Note 2023 2022
£ £ £ £
Fixed assets
Tangible fixed assets 14 15,367 7,438
Current assets
Debtors 15 44,015 48,257
Cash at bank and in hand 486,124 526,760
530,139 575,017
Creditors: amounts falling due
within one year 16 149,488 157,900
Net current assets 380,651 417,117
Net assets 396,018 424,555
Funds of the charity
Unrestricted funds 18 396,018 424,555
Total charity funds 396,018 424,555
**----- End of picture text -----**
For the year ending 31st March 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 21st September 2023, and are signed on behalf of the board by:
Monica Stark Trustee
Clare Wadsworth Trustee
_The notes on pages 10 to 16 form a part of the financial statements_
8
## **Citizens Advice South Lincolnshire**
## **Company Limited by Guarantee**
## **Statement of Cash Flows**
## **For the year ended 31st March 2023**
|**Cash flows from operating activities**
Net income
_Adjustments for:_
Depreciation of tangible fixed assets
Other interest receivable and similar income
Accrued expenses
_Changes in:_
Trade and other debtors
Trade and other creditors
Cash generated from operations
Interest received
Net cash from operating activities
**Cash flows from investing activities**
Purchase of tangible assets
Net cash used in investing activities
**Net increase in cash and cash equivalents**
**Cash and cash equivalents at beginning of year**
**Cash and cash equivalents at end of year**|**2023**
2022
**£**
£
(28,537)
33,745
10,400
6,910
(3,287)
(946)
5,874
4,240
4,242
22,461
(14,286)
(16,803)
(25,594)
49,607
3,287
946
(22,307)
50,553
(18,329)
(5,505)
(18,329)
(5,505)
(40,636)
45,048
526,760
481,712
486,124
526,760|
|---|---|
9
## **Citizens Advice South Lincolnshire**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements**
## **for the year ended 31st March 2023**
## **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: Council Offices, Priory Road, Spalding, PE11 2XE.
## **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.
## **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.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Restricted funds are subject to restrictions on their expenditure declared by the donor.
The company has designated funds which are unrestricted funds set aside for specific purposes. These include an amount equivalent to the net book value of fixed assets used to enable the company to continue to carry out its charitable activities and an amount which is believed to be sufficient to cover the orderly winding up of the company in the event that all funding is withdrawn and an amount to provide for the replacement of IT equipment.
10
## **Citizens Advice South Lincolnshire**
## **Company Limited by Guarantee**
**Notes to the Financial Statements** _**(continued)**_
## **for the year ended 31st March 2023**
**3. Accounting policies** _**(continued)**_
## **Incoming resources**
All incoming resources are 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 money, receipt is probable and its amount can be measured reliably.
- 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.
## **Resources expended**
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 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 of the charity apportioned to charitable activities.
- costs relating to the governance of the charity apportioned to 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.
## **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:
|Tenant's Improvements|-|20% straight line|
|---|---|---|
|Office Equipment|-|33% straight line|
|Computer Equipment|-|33% straight line|
11
## **Citizens Advice South Lincolnshire**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **for the year ended 31st March 2023**
## **4. Limited by guarantee**
Members guarantee to contribute an amount not exceeding £1 to the assets of the charitable company in the event of winding up.
## **5. Donations and grants**
|**5. Donations and grants**||||
|---|---|---|---|
|**Donations**
Voluntary donations
**Grants**
Lincolnshire County Council
South Holland District Council
South Kesteven District Council
Lincolnshire Co-operative
East Midlands Money Advice
Holbeach United Charities
EU Settlement Scheme
Trussell Trust
East Coast Community Fund
Flex
Mindspace
Ukraine Resettlement
Winter Pressures (NHS)
EMMA Increasing Capacity
Energy Redress Fuel Vouchers Project
Help to Claim
GP Referral Project
Time to Shine Project
KickStart Placements
Single Queue AdviceLine
**6. Investment income**
Bank interest receivable
**7. Other income**
Miscellaneous income
Len Pick Trust, Bourne United Charities and
Bourne Town Council|Unrestricted
Funds
£
6,935
79,953
84,000
52,400
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|Restricted
Funds
**£**
**-**
23,620
39,530
**-**
165,333
7,000
47,322
180,860
6,773
20,000
22,411
6,800
10,500
18,082
48,475|**Total Funds**
Total Funds
**2023**
2022
£
£
6,935
3,451
79,953
79,953
107,620
115,148
91,930
111,530
168
165,333
134,587
7,000
6,341
47,322
108,727
180,860
149,022
6,773
13,547
20,000
**-**
22,411
**-**
6,800
**-**
10,500
**-**
18,082
**-**
9,397
48,475
2,673
66,943
10,000
15,509
16,142
26,666|
||223,288|596,706|819,994
869,804
**Total Funds**
Total Funds
**2023**
2022
**£**
£
3,287
946
**Total Funds**
Total Funds
**2023**
2022
**£**
£
12,505
3,015|
||Unrestricted
Funds
£
3,287|Restricted
Funds
**£**
-||
||Unrestricted
Funds
£
12,505|Restricted
Funds
**£**
-||
12
## **Citizens Advice South Lincolnshire**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **for the year ended 31st March 2023**
## **8. Expenditure on charitable activities**
|Salaries
Employers national insurance contributions
Pension costs
Rent and rates
Light, heat and water
Repairs and maintenance
Insurance
Training
Other staff and volunteer costs
Travelling expenses
Telephone and communications
Exceptional costs of moving office
Sundry office costs
Energy Saving Trust fuel vouchers
Depreciation
Postage and stationery
Information and IT services
Reference materials
Office equipment
**Governance costs**
Trustee expenses
Legal and professional fees
Bank charges
Other|Unrestricted
Funds
£
213,148
12,568
1,980
40,118
14,356
4,513
3,873
1,972
7,913
6,676
12,328
-
3,734
-
10,400
8,886
20,958
8,472
2,241|Restricted
Funds
£
404,471
23,850
3,757
-101
-
62
-
113
5,913
4,518
3,496
-
410
41,667
-
104
-2,590
328
722|**Total Funds**
Total Funds
**2023**
2022
**£**
£
617,619
590,330
36,418
39,165
5,737
5,716
40,017
38,326
14,356
11,042
4,575
1,636
3,873
2,386
2,085
2,938
13,826
12,950
11,194
6,952
15,824
21,432
-
41,760
4,144
2,257
41,667
-
10,400
6,910
8,990
8,729
18,368
24,774
8,800
16,183
2,963
1,160|
|---|---|---|---|
||374,136|486,720|860,856
834,646
**Total Funds**
Total Funds
**2023**
2022
**£**
£
-
70
3,257
5,203
160
101
50
-|
||Unrestricted
Funds
£
-
3,257
160
50|Restricted
Funds
£
-
-
-
-||
||3,467|-|3,467
5,374|
## **9. Governance costs**
## **10. Net income**
Net income is stated after charging/(crediting):
Depreciation of tangible fixed assets
## **11. Independent examination fees**
Fees payable to the independent examiner for: Independent examination of the financial statements
||**2023**|2022|
|---|---|---|
||**£**|£|
||10,400|6,910|
||**2023**|2022|
||**£**|£|
||310|372|
13
## **Citizens Advice South Lincolnshire**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **for the year ended 31st March 2023**
## **12. Staff costs**
The total staff costs and employee benefits for the reporting period are analysed as follows:
|Wages and salaries
Social security costs
Employer contributions to pension plans|**2023**
2022
**£**
£
617,619
590,330
36,418
39,165
5,737
5,716|
|---|---|
||659,774
635,211|
The average head count of employees during the year was 38 (2022: 35). No employee received employee benefits of more than £60,000 during the year (2022: Nil).
## **13. Trustee remuneration and expenses**
None of the trustees received any remuneration or benefits during the year (2022: Nil). During the year the trustees received £Nil (2022: £70) as reimbursed expenses.
## **14. Tangible fixed assets**
|**Cost**
At 1st April 2022
Additions
Disposals
**At 31st March 2023**
**Depreciation**
At 1st April 2022
Charge for the year
Disposals
**At 31st March 2023**
**Carrying amount**
**At 31st March 2023**
At 31st March 2022
**15. Debtors**
Trade debtors
Prepayments
**16. Creditors falling due within one year**
Trade creditors
Accruals and deferred income
Social security and other taxes
Other creditors|Tenants
improvements
£
15,649
-|Office
equipment
**Total**
£
**£**
44,190
59,839
18,329
18,329|
|---|---|---|
||15,649|62,519
78,168|
||15,649
-|36,752
52,401
10,400
10,400|
||15,649|47,152
62,801|
||-|15,367
15,367
7,438
7,438
**2023**
2022
**£**
£
36,047
42,879
7,968
5,378|
||-||
||||
|||44,015
48,257
**2023**
2022
**£**
£
2,983
9,168
122,944
119,630
12,904
11,001
10,657
18,101|
|||149,488
157,900|
## **17. Pension benefits**
## **Defined contribution plans**
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £5,737 (2022: £5,716).
14
## **Citizens Advice South Lincolnshire**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **for the year ended 31st March 2023**
## **18. Analysis of charitable funds**
|At 01.04.22
£
**Restricted Funds:**
Restricted Charitable Activities (Note 5 and 8)
Transfer to Unrestricted Fund
Restricted Funds C/fwd
-
**Unrestricted Funds:**
General Fund B/fwd
164,117
Unrestricted Charitable Activities (Note 5 and 8)
Net Income (Note 6 and 7)
Governance costs (Note 9)
Transfer from Restricted Funds
Change in valuation of Designated Fund
General Fund C/fwd
164,117
Designated Funds B/fwd
Potential Winding up Costs
235,000
Computer replacement fund
18,000
AdviceLine costs for next financial year
Fixed assets still to depreciate
7,438
Designated Funds C/fwd
260,438
**Total Funds**
**424,555**
**Prior Year Comparison**
At 01.04.21
£
**Restricted Funds:**
Restricted Charitable Activities
Transfer to Unrestricted Fund
Restricted Funds C/fwd
-
**Unrestricted Funds:**
General Fund B/fwd
96,967
Unrestricted Charitable Activities
Net Income (Note 6 and 7)
Governance costs (Note 9)
Transfer from Restricted Funds
Change in valuation of Designated Fund
General Fund C/fwd
96,967
Designated Funds B/fwd
Potential Winding up Costs
280,000
Computer replacement fund
5,000
Fixed assets still to depreciate
8,843
Designated Funds C/fwd
293,843
**Total Funds**
**390,810**|At 01.04.22
£
**Restricted Funds:**
Restricted Charitable Activities (Note 5 and 8)
Transfer to Unrestricted Fund
Restricted Funds C/fwd
-
**Unrestricted Funds:**
General Fund B/fwd
164,117
Unrestricted Charitable Activities (Note 5 and 8)
Net Income (Note 6 and 7)
Governance costs (Note 9)
Transfer from Restricted Funds
Change in valuation of Designated Fund
General Fund C/fwd
164,117
Designated Funds B/fwd
Potential Winding up Costs
235,000
Computer replacement fund
18,000
AdviceLine costs for next financial year
Fixed assets still to depreciate
7,438
Designated Funds C/fwd
260,438
**Total Funds**
**424,555**
**Prior Year Comparison**
At 01.04.21
£
**Restricted Funds:**
Restricted Charitable Activities
Transfer to Unrestricted Fund
Restricted Funds C/fwd
-
**Unrestricted Funds:**
General Fund B/fwd
96,967
Unrestricted Charitable Activities
Net Income (Note 6 and 7)
Governance costs (Note 9)
Transfer from Restricted Funds
Change in valuation of Designated Fund
General Fund C/fwd
96,967
Designated Funds B/fwd
Potential Winding up Costs
280,000
Computer replacement fund
5,000
Fixed assets still to depreciate
8,843
Designated Funds C/fwd
293,843
**Total Funds**
**390,810**|Income
£
596,706|Expenditure
£
(486,720)|Transfers
**At 31.03.23**
£
£
(94,238)|
|---|---|---|---|---|
||-|596,706|(486,720)|(94,238)
15,748|
|||223,288
15,792|(374,136)
(3,467)|164,117
(150,848)
15,792
(3,467)
94,238
94,238
(11,503)
(11,503)|
||164,117|239,080|(377,603)|82,735
108,329|
||235,000
18,000
7,438|||(15,000)
220,000
(18,000)
36,574
36,574
7,929
15,367|
||260,438|-|-|11,503
271,941|
||||||
||**424,555**|**835,786**|**(864,323)**|**-**
**396,018**|
||At 01.04.21
£|Income
£
643,232|Expenditure
£
(478,620)|Transfers
At 31.03.22
£
£
(164,612)|
||-|643,232|(478,620)|(164,612)
-|
|||226,572
3,961|(356,026)
(5,374)|96,967
(129,454)
3,961
(5,374)
164,612
164,612
33,405
33,405|
||96,967|230,533|(361,400)|198,017
164,117|
||280,000
5,000
8,843|||(45,000)
235,000
13,000
18,000
(1,405)
7,438|
||293,843|-|-|(33,405)
260,438|
||||||
||**390,810**|**873,765**|**(840,020)**|**-**
**424,555**|
15
## **Citizens Advice South Lincolnshire**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **for the year ended 31st March 2023**
## **19. Analysis of net assets between funds**
|**Analysis of net assets between funds**|||
|---|---|---|
|Tangible fixed assets
Current assets
Creditors falling due within one year
**Net assets**
Tangible fixed assets
Current assets
Creditors falling due within one year
**Net assets**|Unrestricted
Funds
£
15,367
434,399
(53,748)|Restricted
**Total Funds**
Funds
**2023**
£
**£**
-
15,367
95,740
530,139
(95,740)
(149,488)|
||396,018|-
396,018
Restricted
Total Funds
Funds
2022
£
**£**
-
7,438
115,500
575,017
(115,500)
(157,900)|
||Unrestricted
Funds
£
7,438
459,517
(42,400)||
||424,555|-
424,555|
## **20. Related parties**
The company is a member of Citizens Advice Lincolnshire (CAL), a charitable company limited by guarantee. CAL is a joint venture between the Lincolnshire Citizens Advice companies to represent them as a consolidated entity in relationships with Lincolnshire County Council. The liability of the company to CAL as a member is limited to £1.
16