Citizens Advice Braintree & South Essex Limited
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net expenditure of £102,292 for the year, resulting in total reserves of £455,931. The trustees confirm that free reserves of £433,188 exceed the stated policy requirement of £294,529, which is calculated to cover three months of running costs. The independent auditors concluded that there are no material uncertainties related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern.
What the accounts disclose
“The Trustees have determined that free reserves should be maintained to cover costs that would be required to minimise the impact on clients and to cover legal obligations should a significant reduction in income arise. Costs should cover 3 months running cost.” — page 7
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (23/08/2024)
- Received assets from another charity (23/02/2023)
- Received assets from another charity (15/10/2020)
- Received assets from another charity (06/03/2020)
Trustees
- Stuart Robert Freelchair
- BRETT SAINTY
- Jayne Anita Ainsworth
- John William Gerald Evans
- Lynn Talbot
- Mark Fenn
- Oluwatoyin Bolanle Odunlami
- Tamasin Anne Curtis
- Thomas Francis Harrison
- William Jones
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.5m | £1.6m |
| 31/03/2024 | £1.4m | £1.5m |
| 31/03/2023 | £1.1m | £1.1m |
| 31/03/2022 | £1.2m | £1.1m |
| 31/03/2021 | £999k | £956k |
Common questions
Is Citizens Advice Braintree & South Essex Limited financially healthy?
The accounts state that the charity reported a net expenditure of £102,292 for the year, resulting in total reserves of £455,931. The trustees confirm that free reserves of £433,188 exceed the stated policy requirement of £294,529, which is calculated to cover three months of running costs. The independent auditors concluded that there are no material uncertainties related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. Its FY2023 accounts were audited by Smith & Goulding Limited.