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2024-03-31-accounts

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 2024

Citizens Advice South Lincolnshire

Company Limited by Guarantee

Financial Statements

For the year ended 31st March 2024

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 2024

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 2024.

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 Antoinette Butler Appointed 6th December 2023 Jeremy Stephen Gibbs Susan Mary West Mark Simon Hallewell Vicky Haw Monica Stark Heather 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 2024

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 2024 was 10.

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 2024

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 2023/24 Citizens Advice South Lincolnshire helped 13,204 (2023 11,621) clients and supported them with 48,565 (2023 37,543) new issues.

It helped clients in financial difficulty with an aggregate debt figure of £1,731,246 (2023 £2,107,436) and helped secure a total income gain of £4,995,316 (2023 £1,626,517) for our clients.

This was achieved by 105 (2023 80) volunteers and 45 (2023 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 £774,422 (2023 £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 2024

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.

Migrant workers in Lincolnshire have been supported by the Home Office via the EUSS scheme and the Flex scheme (Focus on Labour Exploitation) during the year, although these activities have now ceased, but the Ukraine Settlement Grant, funded by Lincolnshire County Council, continues to support Ukrainian citizens.

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, Spalding Town Husbands Charity and Citizens Advice for donations to help meet the needs of people during the cost-of-living crisis.

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, Trussel Trust for Stamford foodbank and funding from Ctizens Advice to help increase our remote service capacity and help people in fuel poverty.

New funding has been secured this year from Independent Age to improve the lives of older people facing hardship, and from Stamford Foodbank to work together in partnership to offer financial advice for foodbank customers facing hardship.

Management and other issues

The core funding accounts for 25.4% of the total income but, because of this strong base, the company has managed to lever in 74.6% 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 2024

Financial review (continued)

Reserves Policy

The directors have agreed to maintain a minimum designated reserve of £213,000 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 reduced to £12,719.

The restricted reserves have been evaluated, and £17,081 has been provided as at 31-3-24 (2023 £15,748)

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 19th September 2024 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 2024

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 2024.

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

19th September 2024

6

Citizens Advice South Lincolnshire

Company Limited by Guarantee

Statement of Financial Activities

(including income and expenditure account)

For the year ended 31st March 2024

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
£
311,875
9,088
23,135		 2024
Restricted
funds
£
557,037
-
-		 2023
Total funds
Total funds
£
£
868,912
819,994
9,088
3,287
23,135
12,505
344,098 557,037 901,135
835,786
(505,769)
(2,673)		 (466,253)
-		 (972,022)
(860,856)
(2,673)
(3,467)
(508,442) (466,253) (974,695)
(864,323)
(164,344)
89,451		 90,784
(89,451)		 (73,560)
(28,537)
-
-
(74,893)
396,018		 1,333
-		 (73,560)
(28,537)
396,018
424,555
321,125 1,333 322,458
396,018

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

7

Citizens Advice South Lincolnshire

Company Limited by Guarantee

Statement of Financial Position

as at 31st March 2024

Note 2024
2023		 2024
2023
Fixed assets
Tangible fixed assets
14
Current assets
Debtors
15
Cash at bank and in hand
Creditors: amounts falling due
within one year
16
Net current assets
Net assets
Funds of the charity
Restricted funds
18
Unrestricted funds
18
Total charity funds		 £
64,714
375,960		 £
£
£
12,719
15,367
44,015
486,124
530,139
149,488
309,739
380,651
322,458
396,018
17,081
15,748
305,377
380,270
322,458
396,018
440,674
130,935

For the year ending 31st March 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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 19th September 2024, 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 2024

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		 2024
2023
£
£
(73,560)
(28,537)
9,761
10,400
(9,088)
(3,287)
2,871
5,874
(20,699)
4,242
(21,424)
(14,286)
(112,139)
(25,594)
9,088
3,287
(103,051)
(22,307)
(7,113)
(18,329)
(7,113)
(18,329)
(110,164)
(40,636)
486,124
526,760
375,960
486,124

9

Citizens Advice South Lincolnshire

Company Limited by Guarantee

Notes to the Financial Statements

for the year ended 31st March 2024

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 2024

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:

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:

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:

11

Citizens Advice South Lincolnshire

Company Limited by Guarantee

Notes to the Financial Statements (continued)

for the year ended 31st March 2024

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

Donations
Voluntary donations
Fundraising
Grants
Lincolnshire County Council
South Holland District Council
South Kesteven District Council
Adviceline
Energy Advice
East Midlands Money Advice
Holbeach United Charities
EU Settlement Scheme
Ukraine Resettlement Grant
Flex
Trussell Trust
East Coast Community Fund
Mindspace
Winter Pressures (NHS)
Energy Redress Fuel Vouchers Project
Independent Age
Stamford Foodbank
Len Pick Trust, Bourne United Charities and
Bourne Town Council		 Unrestricted
Funds
£
10,192
5,292
79,953
88,960
52,000
31,125
44,353
-
-
-
-
-
-
-
-
-
-
-		 Restricted
Funds
£
-
24,736
39,530
140,946
8,000
5,337
25,093
17,073
208,759
22,000
15,440
14,885
1,925
15,333
17,980		 Total Funds
Total Funds
2024
2023
£
£
10,192
6,935
5,292
79,953
79,953
113,696
107,620
91,530
91,930
31,125
44,353
140,946
165,333
8,000
7,000
5,337
47,322
25,093
10,500
17,073
22,411
208,759
180,860
6,773
22,000
20,000
15,440
6,800
14,885
18,082
1,925
48,475
15,333
17,980
311,875 557,037 868,912
819,994

6. Investment income

Investment income
Bank interest receivable
Other income
Miscellaneous income		 Unrestricted
Funds
£
9,088		 Restricted
Funds
£
-		 Total Funds
Total Funds
2024
2023
£
£
9,088
3,287
Total Funds
Total Funds
2024
2023
£
£
23,135
12,505
Unrestricted
Funds
£
23,135		 Restricted
Funds
£
-

7. Other income

12

Citizens Advice South Lincolnshire

Company Limited by Guarantee

Notes to the Financial Statements (continued)

for the year ended 31st March 2024

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
Sundry office costs
Energy Saving Trust fuel vouchers
Partner Payments
Depreciation
Postage and stationery
Information and IT services
Reference materials
Office equipment
9. Governance costs
Trustee expenses
Legal and professional fees
Bank charges
Other
10. Net income		 Unrestricted
Funds
£
320,790
18,838
3,765
42,081
15,911
5,797
4,225
2,516
8,915
13,859
12,204
5,538
-
-
9,761
8,417
18,779
11,181
3,192		 Restricted
Funds
£
413,490
24,282
4,852
4,524
-
-
-
240
5,596
6,060
2,648
88
727
1,400
-
316
468
1,379
183		 Total Funds
Total Funds
2024
2023
£
£
734,280
617,619
43,120
36,418
8,617
5,737
46,605
40,017
15,911
14,356
5,797
4,575
4,225
3,873
2,756
2,085
14,511
13,826
19,919
11,194
14,852
15,824
5,626
4,144
727
41,667
1,400
-
9,761
10,400
8,733
8,990
19,247
18,368
12,560
8,800
3,375
2,963
505,769 466,253 972,022
860,856
Total Funds
Total Funds
2024
2023
£
£
-
-
2,534
3,257
139
160
-
50
Unrestricted
Funds
£
-
2,534
139
-		 Restricted
Funds
£
-
-
-
-
2,673 - 2,673
3,467

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		 2024
2023
£
£
9,761
10,400
2024
2023
£
£
259
310

13

Citizens Advice South Lincolnshire

Company Limited by Guarantee

Notes to the Financial Statements (continued)

for the year ended 31st March 2024

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		 2024
2023
£
£
734,280
617,619
43,120
36,418
8,617
5,737
786,017
659,774

The average head count of employees during the year was 45 (2022: 38). 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 (2023: Nil). During the year the trustees received £Nil (2023: £Nil) as reimbursed expenses.

14. Tangible fixed assets

Cost
At 1st April 2023
Additions
Disposals
At 31st March 2024
Depreciation
At 1st April 2023
Charge for the year
Disposals
At 31st March 2024
Carrying amount
At 31st March 2024
At 31st March 2023
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
£
£
62,519
78,168
7,113
7,113
15,649 69,632
85,281
15,649
-		 47,152
62,801
9,761
9,761
15,649 56,913
72,562
- 12,719
12,719
15,367
15,367
2024
2023
£
£
56,662
36,047
8,052
7,968
-
64,714
44,015
2024
2023
£
£
2,603
2,983
104,074
122,944
12,760
12,904
11,498
10,657
130,935
149,488

17. Pension benefits

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £8,617 (2023: £5,737).

14

Citizens Advice South Lincolnshire

Company Limited by Guarantee

Notes to the Financial Statements (continued)

for the year ended 31st March 2024

18. Analysis of charitable funds

At 01.04.23
£
Restricted Funds:
Restricted Charitable Activities (Note 5 and 8)
Transfer to Unrestricted Fund
Restricted Funds C/fwd
15,748
Unrestricted Funds:
General Fund B/fwd
108,329
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
108,329
Designated Funds B/fwd
Potential Winding up Costs
220,000
AdviceLine costs for next financial year
36,574
Fixed assets still to depreciate
15,367
Designated Funds C/fwd
271,941
Total Funds
396,018
Prior Year Comparison
At 01.04.22
£
Restricted Funds:
Restricted Charitable Activities
Transfer to Unrestricted Fund
Restricted Funds C/fwd
-
Unrestricted Funds:
General Fund B/fwd
164,117
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
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		 At 01.04.23
£
Restricted Funds:
Restricted Charitable Activities (Note 5 and 8)
Transfer to Unrestricted Fund
Restricted Funds C/fwd
15,748
Unrestricted Funds:
General Fund B/fwd
108,329
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
108,329
Designated Funds B/fwd
Potential Winding up Costs
220,000
AdviceLine costs for next financial year
36,574
Fixed assets still to depreciate
15,367
Designated Funds C/fwd
271,941
Total Funds
396,018
Prior Year Comparison
At 01.04.22
£
Restricted Funds:
Restricted Charitable Activities
Transfer to Unrestricted Fund
Restricted Funds C/fwd
-
Unrestricted Funds:
General Fund B/fwd
164,117
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
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		 Income
£
557,037		 Expenditure
£
(466,253)		 Transfers
At 31.03.24
£
£
(89,451)
15,748 557,037 (466,253) (89,451)
17,081
311,875
32,223		 (505,769)
(2,673)		 108,329
(193,894)
32,223
(2,673)
89,451
89,451
46,222
46,222
108,329 344,098 (508,442) 135,673
79,658
220,000
36,574
15,367		 (7,000)
213,000
(36,574)
(2,648)
12,719
271,941 - - (46,222)
225,719
396,018 901,135 (974,695) -
322,458
At 01.04.22
£		 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

15

Citizens Advice South Lincolnshire

Company Limited by Guarantee

Notes to the Financial Statements (continued)

for the year ended 31st March 2024

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
£
12,719
428,575
(118,836)		 Restricted
Total Funds
Funds
2024
£
£
-
12,719
12,099
440,674
(12,099)
(130,935)
322,458 -
322,458
Restricted
Total Funds
Funds
2023
£
£
-
15,367
11,780
530,139
(11,780)
(149,488)
Unrestricted
Funds
£
15,367
518,359
(137,708)
396,018 -
396,018

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