Citizens Advice Somerset
Financial health, per its FY2025 accounts
The accounts state that the charity generated a surplus of £55,666 for the year ended 31 March 2025, with total income of £2,268,514 and expenditure of £2,212,848. Per the trustees' report, free reserves after excluding fixed assets were £971,811, and after allowing for designated reserves, were £479,311, which is in line with the reserves target.
What the accounts disclose
“As at the year end, free reserves after excluding fixed assets, were £971,811, and after allowing for the designated reserves, were £479,311, which is in line the reserves target.” — page 27
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (23/08/2024)
- Received assets from another charity (23/08/2024)
- Received assets from another charity (23/08/2024)
Trustees
- Alexander Heath
- Anthony Charles Edward Taylor
- David John Incoll
- Jo Humble
- Lin Cousins
- Lyn Goodfellow
- Margaret Mary Mercer
- Nicola Emma Joan Rhodin
- Peter John Hunter
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £2.3m | £2.2m |
| 31/03/2024 | £2.4m | £3.0m |
| 31/03/2023 | £950k | £894k |
| 31/03/2022 | £1.0m | £952k |
| 31/03/2021 | £881k | £797k |
Common questions
Is Citizens Advice Somerset financially healthy?
The accounts state that the charity generated a surplus of £55,666 for the year ended 31 March 2025, with total income of £2,268,514 and expenditure of £2,212,848. Per the trustees' report, free reserves after excluding fixed assets were £971,811, and after allowing for designated reserves, were £479,311, which is in line with the reserves target. Its FY2025 accounts were audited by Albert Goodman LLP.