Charity no. 1001776
# **Halesworth Volunteers (working name of Halesworth Volunteer Centre)**
# **Report and Unaudited Financial Statements**
**31 March 2023**
## **Halesworth Volunteer Centre (working name Halesworth Volunteers)**
## **Reference and administrative details**
|**For theyear ended 31 March 2023**|**For theyear ended 31 March 2023**||
|---|---|---|
|**Charity number**|1001776||
|**Registered office and**|Halesworth Volunteer Centre||
|**operational address**|London Road||
||Halesworth||
||Suffolk||
||IP19 8LW||
|**Trustees**|The trustees who served during the year and up to the date of this report||
||were as follows:||
||Karen Austin|Chair|
||Richard Austin||
||Steve Chadwick||
||Gareth Ingram|Appointed 15 December 2022|
||John Lavery|Resigned 25 January 2022|
||Clare Ludwig||
||Karen Spence-Thomas|Appointed 15 December 2022|
||Christopher Warner||
||David Wollweber|Appointed 15 December 2022|
|**Independent examiners**|Godfrey Wilson Limited||
||Chartered accountants and statutory auditors||
||5th Floor Mariner House||
||62 Prince Street||
||Bristol||
||BS1 4QD||
1
## **Halesworth Volunteer Centre (working name Halesworth Volunteers)**
## **Report of the trustees**
## **For the year ended 31 March 2023**
Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the Constitution and the Statement of Recommended Practice - Accounting and Reporting by Charities (effective from January 2019).
## **Objectives and activities**
The Charity’s objects are to undertake voluntary work in education, social wellbeing, rural isolation and deprivation and similar charitable activities amongst those classes in need thereof. The Charity undertakes a number of services to fulfil these objectives, centred around Halesworth, which includes the following key activities:
- Community car service;
- Isolation Busters - a befriending service and other services to support vulnerable and older people;
- A community larder; and
- Support to other voluntary and community groups.
The Trustees have paid due regard to guidance issued by the Charity Commission on public benefit in deciding what activities the Charity should undertake.
## **Achievements and performance**
This year, we had the honour to be awarded The Queen’s Award for Volunteering. This prestigious award recognises the work we have done in our communities, supporting vulnerable people and making lives better. We received our Award from the Lord Lieutenant of Suffolk in December 2022.
In June 2022 Halesworth Volunteer Centre rebranded to become Halesworth Volunteers. We launched a new website with the functionality to make donations online. The rebrand has been very well-received.
The focus of much of this year has been on supporting people, particularly older and vulnerable people to play an active role in our community. Our Community Larder Project in partnership with St Mary’s Church, Halesworth has grown from strength to strength.
We have continued our programme of social events, activities and outings which are designed to support elderly, isolated people to get out and about. A particular highlight was the lunch organised to celebrate the Queen’s Platinum Jubilee.
The well-being lunches, targeted at people who struggle with their mental health well-being and run in association with the Suffolk Wellbeing Service, continue to be popular.
Befriending through our Isolation Buster Programme remains an important part of our work, referrals to this service have increased significantly during the year and we currently support nearly 40 people.
The Community Car Service continues to offer vital transport to its beneficiaries. We have seen an increased focus on taking people to their hospital appointments. 20% of our journeys have been to hospitals, double what we undertook before the pandemic. The Shopping Service has continued, supporting people who can no longer shop for themselves or who have had to isolate because of covid. 18 households a week are supported by this service.
2
## **Halesworth Volunteer Centre (working name Halesworth Volunteers)**
## **Report of the trustees**
## **For the year ended 31 March 2023**
Our Community Larder Project has continued to grow and there has been an increase in Larder user visitors from 500 a month to over 700. The Larder is open to all but we are seeing an increasing number of visitors who are struggling financially, with a significant increase in families with children accessing the service. We have worked closely with our local supermarket and are supported by local businesses and many generous individual donors. The Larder is part of the FareShare Scheme and is also supported by Suffolk County Council and the Suffolk Community Foundation.
The Charity continues to work in partnership with local groups and organisations to support vulnerable people.
Halesworth Volunteers continued to provide a staff member to support the development of Bungay Community Support. BCS has now become a Charity in its own right and has established itself as a highly successful voluntary organisation.
## **Risk management**
The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to those major risks.
## **Going concern**
After making appropriate enquiries, the trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.
## **Financial review**
Income for the year was £63,688 (2022: £65,953) and expenditure £110,671 (2022: £88,370). Despite the deficit this year the charity holds strong reserves of £108,464 at 31 March 2023. This includes £12,653 of free unrestricted reserves and £62,723 of designated funds. The designated fund is a contingency fund which was created to ensure that the Charity can continue to operate even in the event of unforeseen and potentially financially damaging circumstances. The Contingency fund covers 7 months of expenditure which is within the reserves policy of the charity.
The trustees have a reserves target of £62,723 for year ended 31 March 2023 and this is held in a designated fund at year end. The key items this covers are 3 months running costs and redundancies.
Over and above the reserves target, additional funds of £12,653 were available at year end and provide for additional operational losses in the coming financial year.
## **Plans for future periods**
The Trustees are keen to continue the current projects to support the local community as well as develop new projects to meet future needs. A particular emphasis of our work will be to provide a range of community events and lunches to support people who are isolated or experiencing economic hardship.
We will be undertaking a strategic review of the Community Larder as it celebrates its third year of operation in June 2023.
3
## **Halesworth Volunteer Centre (working name Halesworth Volunteers)**
## **Report of the trustees**
## **For the year ended 31 March 2023**
The Community Car Service is currently operated under a contract with bact as part of the Suffolk County Council Connecting Communities Programme. Suffolk County Council has announced that there will be a new tender for a Community Transport service to be launched in April 2024.
We will be moving from our offices in London Road to a new building managed by the Friends of Halesworth Community Health and Care. We look forward to supporting their work establishing a day care facility for older people.
## **Use of Volunteers**
The Charity is absolutely reliant upon the substantial voluntary help of both Community Car Service drivers, volunteer shoppers, Isolation Buster and Community Larder volunteers. We have seen the retirement of a number of volunteers this year and so will be focusing on recruiting volunteers, particularly Community Car Drivers in 2023/2024.
## **Structure, governance and management**
The Charity’s constitution was adopted on 8 November 1990 and amended on 14 June 2006 and 22 June 2011.
The Trustees who served during the year and up to the date of approval of the financial statements are disclosed on page 1 of the accounts.
The Charity recruits Trustees through local networks and by recommendation. New Trustees are sympathetic to the Charity’s objectives and bring a broad knowledge base to ensure the effective running of the Charity. The Trustee Board is also supported by a representative from Halesworth Town Council, David Wollweber. Gareth Ingram also acts as Volunteer Representative.
The Chairperson is responsible for the induction of new Trustees. This involves awareness of the Trustees’ Responsibilities, the governing document, administrative procedures, and the history of the Charity. A new Trustee receives copies of the previous year’s financial statements, annual report and a copy of the Charity Commission leaflets providing guidance for Trustees.
## **Statement of responsibilities of the trustees**
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and the incoming resources and application of resources, including the net income or expenditure, of the charity for the year. In preparing those financial statements the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- ▪ make judgements and accounting estimates that are reasonable and prudent;
- state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
4
## **Halesworth Volunteer Centre (working name Halesworth Volunteers)**
## **Report of the trustees**
## **For the year ended 31 March 2023**
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
The trustees have no beneficial interest in the charity.
## **Independent examiners**
Godfrey Wilson Limited were re-appointed as independent examiners to the charity during the year and have expressed their willingness to continue in that capacity.
Approved by the trustees on 6 October 2023 and signed on their behalf by
## Karen austin
Karen Austin - Trustee
Richard Austin - Trustee
5
## **Independent examiner's report**
## **To the trustees of**
## **Halesworth Volunteer Centre**
I report to the trustees on my examination of the accounts of Halesworth Volunteer Centre the charity for the year ended 31 March 2023, which are set out on pages 7 to 19.
## **Responsibilities and basis of report**
As trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- (1) accounting records were not kept in respect of the charity as required by section 130 of the Act;
- (2) the accounts do not accord with those records; or
- (3) the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
## William Guy Blake
## Date: 6 October 2023 **William Guy Blake ACA Member of the ICAEW**
For and on behalf of:
## **Godfrey Wilson Limited**
Chartered accountants and statutory auditors 5th Floor Mariner House 62 Prince Street Bristol BS1 4QD
6
## **Halesworth Volunteer Centre (working name Halesworth Volunteers)**
## **Statement of financial activities**
## **For the year ended 31 March 2023**
|Restricted Unrestricted
Note
£
£
**Income from:**
Donations and legacies
3
29,651
20,563
Charitable activities
4
-
12,911
Investments
-
563
**Total income**
29,651
34,037
**Expenditure on:**
Raising funds
-
3,363
Charitable activities
36,104
71,204
**Total expenditure**
6
36,104
74,567
**Net expenditure and net movement in funds**
7
(6,453)
(40,530)
**Reconciliation of funds:**
Total funds brought forward
39,541
115,906
**Total funds carried forward**
33,088
75,376|**2023**
**Total**
**£**
**50,214**
**12,911**
**563**
**63,688**
**3,363**
**107,308**
**110,671**
**(46,983)**
**155,447**
**108,464**|2022
Total
£
54,795
11,138
20|
|---|---|---|
|||65,953|
|||2,954
85,416|
|||88,370|
|||(22,417)
177,864|
|||155,447|
All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in note 14 to the accounts.
7
## **Halesworth Volunteer Centre (working name Halesworth Volunteers)**
## **Balance sheet**
## **As at 31 March 2023**
|Note
**Fixed assets**
Tangible assets
10
**Current assets**
Debtors
11
Cash at bank and in hand
**Liabilities**
Creditors: amounts falling due within 1 year
12
**Net current assets**
**Net assets**
13
**Funds**
14
Restricted funds
Unrestricted funds
Designated funds
General funds
**Total charity funds**|**£**
**4,648**
**105,919**
**110,567**
**(3,331)**|**2023**
**£**
**1,228**
**107,236**
**108,464**
**33,088**
**62,723**
**12,653**
**108,464**|2022
£
-|
|---|---|---|---|
||||6,895
153,544|
||||160,439
(4,992)|
||||155,447|
||||155,447|
||||39,541
72,189
43,717|
||||155,447|
Approved by the trustees on 6 October 2023 and signed on their behalf by
Karen austin Karen Austin - Trustee Richard Austin - Trustee
8
## **Halesworth Volunteer Centre (working name Halesworth Volunteers)**
## **Notes to the financial statements**
## **For the year ended 31 March 2023**
**1. Accounting policies**
## **a) Basis of preparation**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
Halesworth Volunteer Centre (working name Halesworth Volunteers) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.
## **b) Going concern basis of accounting**
The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider appropriate having regard to the current level of unrestricted reserves and cash balances. There are no material uncertainties about the charity's ability to continue as a going concern.
## **c) Income**
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Income from the government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.
## **d) Donated services and facilities**
Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item, is probable and the economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
9
## **Halesworth Volunteer Centre (working name Halesworth Volunteers)**
## **Notes to the financial statements**
## **For the year ended 31 March 2023**
**1. Accounting policies (continued)**
## **e) Donated stock not recognised**
Donated items of stock for resale or distribution are not included in the financial statements until they are sold or distributed. The Trustees consider it impractical to be able to assess the amount of donated stocks. There are no systems in place which record these items and undertaking a stock take would incur undue cost for the charity, which far outweigh the benefits.
## **f) Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity: this is normally upon notification of the interest paid or payable by the bank.
## **g) Funds accounting**
Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.
## **h) Expenditure and irrecoverable VAT**
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
## **i) Allocation of support and governance costs**
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Governance costs are the costs associated with the governance arrangements of the charity, including the costs of complying with constitutional and statutory requirements and any costs associated with the strategic management of the charity’s activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities based on cost of each activity as follows:
||**2023**|2022|
|---|---|---|
|Raising funds|**0.0%**|0.0%|
|Charitable activities|**100.0%**|100.0%|
## **j) Tangible fixed assets**
Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:
|Computer equipment|3 years|
|---|---|
|Fixtures and fittings|3 years|
Items of equipment are capitalised where the purchase price exceeds £100 at the discretion of the trustees.
10
## **Halesworth Volunteer Centre (working name Halesworth Volunteers)**
## **Notes to the financial statements**
## **For the year ended 31 March 2023**
**1. Accounting policies (continued)**
## **k) Debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **l) Cash at bank and in hand**
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **m) Creditors**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **n) Financial instruments**
The trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently recognised at amortised cost using the effective interest method.
## **o) Pension costs**
The charity operates a defined contribution pension scheme for its employees. There are no further liabilities other than that already recognised in the SOFA.
## **p) Accounting estimates and key judgements**
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The key source of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements is depreciation as described in note j above.
11
## **Halesworth Volunteer Centre (working name Halesworth Volunteers)**
## **Notes to the financial statements**
## **For the year ended 31 March 2023**
**2. Prior period comparatives: statement of financial activities**
|**Income from:**
Donations and legacies
Charitable activities
Investments
**Total income**
**Expenditure on:**
Raising funds
Charitable activities
**Total expenditure**
**3.**
**Income from donations and legacies**
Grants from trusts and foundations
Personal donations
Town and Parish council grants
Local organisations and business
**Total income from donations and legacies**
**Prior period comparative:**
Grants from trusts and foundations
Personal donations
Local organisations and business
Town and Parish council grants
Legacies
**Total income from donations and legacies**
**Net income / (expenditure) and net**
**movement in funds**|Restricted
£
£
36,753
18,042
-
11,138
-
20
36,753
29,200
-
2,954
25,740
59,676
25,740
62,630
11,013
(33,430)
Restricted
£
£
13,125
8,519
15,607
2,914
262
5,998
657
3,132
29,651
20,563
Restricted
£
£
24,074
1,000
9,726
3,860
450
5,556
2,503
2,876
-
4,750
36,753
18,042
Unrestricted
Unrestricted
Unrestricted|**2022**
**Total**
**£**
**54,795**
**11,138**
**20**|
|---|---|---|
|||**65,953**|
|||**2,954**
**85,416**|
|||**88,370**|
|||**(22,417)**|
|||**2023**
**Total**
**£**
**21,644**
**18,521**
**6,260**
**3,789**|
|||**50,214**|
|||2022
Total
£
25,074
13,586
6,006
5,379
4,750|
|||54,795|
12
## **Halesworth Volunteer Centre (working name Halesworth Volunteers)**
## **Notes to the financial statements**
## **For the year ended 31 March 2023**
## **4. Income from charitable activities**
|**Income from charitable activities**|||
|---|---|---|
|Community Car Invoiced Contribution
Community transport
**Total income from charitable activities**|**2023**
**Total**
**£**
**7,137**
**5,774**
**12,911**|2022
Total
£
6,807
4,331|
|||11,138|
All income from charitable activites was unrestricted in the current and prior period.
## **5. Government grants**
The charity receives government grants, defined as funding from The National Lottery Community Fund, Suffolk County Council, East Suffolk County Council and Halesworth Town Council to fund charitable activities. The total value of such grants in the period ending 31 March 2023 was £15,998 (2022: £11,348). There are no unfulfilled conditions or contingencies attaching to these grants in 2022/23 or the prior year.
13
## **Halesworth Volunteer Centre (working name Halesworth Volunteers)**
## **Notes to the financial statements**
## **For the year ended 31 March 2023**
## **6. Total expenditure**
|Staff costs (note 8)
Grants paid
Staff expenses
Larder
Volunteer expenses
Sundry goods
Equipment and software
Website and database
development
Telephone costs
Advertising
Admin costs
Insurance
Audit and accountancy
Events
Depreciation
Bad debts
**Sub-total**
Allocation of support
and governance costs
**Total expenditure**|Raising
funds
£
3,363
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
3,363
-
**3,363**|Charitable
activities
£
62,049
4,735
189
16,206
9,051
464
-
3,845
1,310
180
2,564
990
-
1,143
72
28
102,826
4,482
**107,308**|Support and
governance
costs
£
2,802
-
-
-
-
-
-
-
-
-
-
-
1,680
-
-
-
4,482
(4,482)
**-**|**2023 Total**
**£**
**68,214**
**4,735**
**189**
**16,206**
**9,051**
**464**
**-**
**3,845**
**1,310**
**180**
**2,564**
**990**
**1,680**
**1,143**
**72**
**28**
**110,671**
-
**110,671**|Raising
funds
£
2,954
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2,954
-
2,954|Charitable
activities
£
57,406
-
587
7,576
11,155
52
310
181
1,180
219
1,637
1,248
234
1,197
402
472
83,856
1,560
85,416|Support and
governance
costs
£
-
-
-
-
-
-
-
-
-
-
-
-
1,560
-
-
-
1,560
(1,560)
**-**|2022 Total
£
60,360
-
587
7,576
11,155
52
310
181
1,180
219
1,637
1,248
1,794
1,197
402
472|
|---|---|---|---|---|---|---|---|---|
|||||||||88,370
-|
|||||||||88,370|
Total governance costs were £1,680 (2022: £1,560)
14
## **Halesworth Volunteer Centre (working name Halesworth Volunteers)**
## **Notes to the financial statements**
## **For the year ended 31 March 2023**
**7. Net movement in funds**
This is stated after charging:
|Depreciation
Operating lease payments
Trustees' remuneration
Trustees' reimbursed expenses
Independent examiner's remuneration:
Independent examination (excluding VAT)|**2023**
**£**
**72**
**Nil**
**Nil**
**-**
**1,400**|2022
£
402
Nil
Nil
-
1,300|
|---|---|---|
**8. Staff costs and numbers**
Staff costs were as follows:
|Salaries and wages
Pension costs|**2023**
**£**
**67,218**
**996**
**68,214**|2022
£
59,525
835|
|---|---|---|
|||60,360|
No employee earned more than £60,000 during the year.
The key management personnel of the charity comprise the Trustees and Centre Manager. The total employee benefits of the key management personnel were £28,023 (2022: £24,618).
|Average head count|**2023**
**No.**
**4.80**|2022
No.
5.00|
|---|---|---|
## **9. Taxation**
The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.
15
## **Halesworth Volunteer Centre (working name Halesworth Volunteers)**
## **Notes to the financial statements**
## **For the year ended 31 March 2023**
## **10. Tangible fixed assets**
|**Cost**
At 1 April 2022
Additions
At 31 March 2023
**Depreciation**
At 1 April 2022
Charge for the year
At 31 March 2023
**Net book value**
**At 31 March 2023**
At 31 March 2022
**11. Debtors**
Trade debtors
**12. Creditors : amounts due within 1 year**
Trade creditors
Accruals
Other taxation and social security
Other creditors|£
387
1,300
1,687
387
72
459
**1,228**
-
Fixtures
and fittings|£
1,230
-
1,230
1,230
-
1,230
**-**
-
**2023**
**£**
**4,648**
**2023**
**£**
**295**
**1,839**
**1,096**
**101**
**3,331**
Computer
equipment|**Total**
**£**
**1,617**
**1,300**|
|---|---|---|---|
||||**2,917**|
||||**1,617**
**72**|
||||**1,689**|
||||**1,228**|
||||-|
||||2022
£
6,895|
||||2022
£
1,315
1,637
1,613
427|
||||4,992|
16
## **Halesworth Volunteer Centre (working name Halesworth Volunteers)**
## **Notes to the financial statements**
## **For the year ended 31 March 2023**
## **13. Analysis of net assets between funds**
|**Analysis of net assets between funds**|||||
|---|---|---|---|---|
|Tangible fixed assets
Current assets
Current liabilities
**Net assets at 31 March 2023**
**Prior year comparative**
Current assets
Current liabilities
**Net assets at 31 March 2022**|£
-
33,088
-
**33,088**
£
39,541
-
39,541
Restricted
funds
Restricted
funds|£
-
62,723
-
**62,723**
£
72,189
-
72,189
Designated
funds
Designated
funds|£
1,228
14,756
(3,331)
**12,653**
£
48,709
(4,992)
43,717
General
funds
General
funds|**Total**
**funds**
**£**
**1,228**
**110,567**
**(3,331)**|
|||||**108,464**|
|||||Total
funds
£
160,439
(4,992)|
|||||155,447|
17
## **Halesworth Volunteer Centre (working name Halesworth Volunteers)**
## **Notes to the financial statements**
## **For the year ended 31 March 2023**
## **14. Movements in funds**
|**Restricted funds**
Bungay GNS
Community Larder
**Total restricted funds**
_Designated funds:_
Contingency fund
_Total designated funds_
General funds
**Total unrestricted funds**
**Total funds**
**Unrestricted funds**|At 1 April
2022
£
12,474
27,067
39,541
72,189
72,189
43,717
115,906
155,447|Income
£
2,937
26,714
29,651
-
-
34,037
34,037
63,688|£
(15,411)
(20,693)
(36,104)
-
-
(74,567)
(74,567)
(110,671)
Expenditure|£
-
-
-
(9,466)
(9,466)
9,466
-
-
Transfers
between
funds|**£**
**-**
**33,088**
**At 31 March**
**2023**|
|---|---|---|---|---|---|
||||||**33,088**|
||||||**62,723**|
||||||**62,723**|
||||||**12,653**|
||||||**75,376**|
||||||**108,464**|
## **Purposes of restricted funds**
Bungay GNS
The Bungay GNS fund is for specific work supporting the Community Project in Bungay.
Community Larder
The Community Larder fund is for providing a food bank style service in Halesworth during and after the covid pandemic.
**Purposes of designated funds** Contingency fund
There is currently little guaranteed income that the charity can rely on to meet its objectives. The contingency fund has been designated to ensure that the Charity can continue to operate and meet the needs of the clients for a period of time in the event of unforeseen circumstances. The trustees continue to consider particular contingency amounts to cover: a) provision of 3 months’ worth of running costs; and b) statutory redundancy provision.
## **Transfers**
The reason for the transfer between funds is a reduction in the contingency funds required.
18
## **Halesworth Volunteer Centre (working name Halesworth Volunteers)**
## **Notes to the financial statements**
## **For the year ended 31 March 2023**
## **14. Movements in funds (continued)**
|**Prior year comparative**
**Restricted funds**
Bungay GNS
Community Larder
Harris Family fund
Pargiter Trust fund
**Total restricted funds**
_Designated funds:_
Contingency fund
_Total designated funds_
General funds
**Total unrestricted funds**
**Total funds**
**Unrestricted funds**|At 1 April
2021
£
14,457
10,761
1,780
1,530
28,528
72,757
72,757
76,579
149,336
177,864|Income
£
11,310
25,443
-
-
36,753
-
-
29,200
29,200
65,953|£
(13,293)
(9,137)
(1,780)
(1,530)
(25,740)
-
-
(62,630)
(62,630)
(88,370)
Expenditure|£
-
-
-
-
-
(568)
(568)
568
-
-
Transfers
between
funds|£
12,474
27,067
-
-
At 31 March
2022|
|---|---|---|---|---|---|
||||||39,541|
||||||72,189|
||||||72,189|
||||||43,717|
||||||115,906|
||||||155,447|
## **15. Related party transactions**
There were no related party transactions in the current or prior period.
19