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2023-03-31-accounts

Company registration number: 02693602 Charity registration number: 1015841

Newark and Sherwood Community and Voluntary Service

(A company limited by guarantee) Annual Report and Financial Statements

for the Year Ended 31 March 2023

Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL

Newark and Sherwood Community and Voluntary Service

Contents

Reference and Administrative Details 1
Trustees' Report 2 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7 to 8
Balance Sheet 9
Notes to the Financial Statements 10 to 20

Newark and Sherwood Community and Voluntary Service

Reference and Administrative Details

Trustees Jeremy Hague, Chair Tom Geraghty, Treasurer Terry Shrimpton Ivor Walker Lisa Geary Arran Coggan Peter Duncan Senior Management Team Madeleine O'Sullivan, CEO Louise Casey-Simpson, Deputy CEO Kirsty Joynes, Finance Manager Charity Registration Number 1015841 Company Registration Number 02693602 Registered Office Edwinstowe House High Street Edwinstowe Nottinghamshire NG21 9PR Independent Examiner John O'Brien, employee of Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL

Page 1

Newark and Sherwood Community and Voluntary Service

Trustees' Report

The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 March 2023.

Trustees and officers

The trustees and officers serving during the year and since the year end were as follows:

Trustees: Jeremy Hague, Chair Tom Geraghty, Treasurer Terry Shrimpton Ivor Walker Lisa Geary Arran Coggan Peter Duncan (appointed 14 March 2023)

Structure, governance and management

Nature of governing document

The charity is a company limited by guarantee and registered charity. It is operated under the rules of its memorandum and articles of association dated 4 March 1992 and most recently amended 23 November 1992. It has no share capital and the liability of each member in the event of winding-up is limited to £1.

Recruitment and appointment of trustees

The management of the company is the responsibility of the trustees who are elected and co-opted under the terms of the Articles of Association; trustees are asked to complete an application form and are interviewed by the Chair / Vice Chair and CEO.

Objectives and activities

Public benefit

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Objects

• To promote any charitable purpose for the benefit principally but not exclusively to the community in Newark and Sherwood district and in particular the advancement of education, the protection of health and relief of poverty, distress and sickness;

• To promote and organise co-operation in the achievement of the above purpose and to that end bring together in Council the representatives of the statutory authorities and voluntary organisations engaged in the furtherance of the above purposes within the Newark and Sherwood area.

Mission

• To support and develop local organisations and to promote and encourage local voluntary activities in the Newark and Sherwood district.

Page 2

Newark and Sherwood Community and Voluntary Service

Trustees' Report

Priniciples:

Core Functions:

All of our work helps inform service design & development e.g. health & social care provision. We are actively involved in the developing of the new ICS structure ensuring that local voice is represented and local provison meeting local need supported.

Achievements and performance

Over the last year we provided the following services:

Door 2 Door Community transport – volunteer driver led service for Disabled People, those with health conditions, and/or are isolated to enable them to get out and about e.g. to visit friends, support groups and other social & leisure activities. The service also supported residents to attend non-urgent medical appointments who do not fit the criteria for hospital transport and cannot access public transport or taxis due to barriers such as access, low income. 28 volunteer drivers provided on average 30 hours a week support to 103 members of the scheme who undertook a total of 1,032 trips.

Volunteering – our accredited (VCQA) volunteer Centre promoted and facilitated volunteering opportunities. We supported 1-1 appointments with potential volunteers; provided resources for volunteers e.g. handbook, leaflets; support to local organisations around volunteer recruitment, management, stewardship, reward and recognition, practical resources, guidance on best practice and training. We also facilitated the Volunteer Coordinators’ Network, which provides an opportunity for volunteer managers to come together to share information, ideas, best practice and network; hosted a volunteer and funding event.

Through the Homes for Ukraine project we provided specific help to Ukrainian guests to find volunteering opportunities at events and with one to one support.

Golden Thread – supported young people into further education/work through volunteering. Young people received training around the role and benefits of volunteering and are matched with organisations. Through this programme they are able to develop a range of new skills, improve confidence & self-esteem.

Community development – supported local groups with e.g., set up, governance, finance/funding & volunteers.

Engagement & Patient Experience – supported our local health and social care providers to engage with and involve residents around the transformation of local services including gaining insight from our harder to reach communities.

Partnership and collaboration – development and facilitation of community networks, and cross-sector collaboration with health and public sector partners.

Training and provision of online resources.

Page 3

Newark and Sherwood Community and Voluntary Service

Trustees' Report

Butterfly End of life Care - a team of paid staff and volunteers provided support for individuals with an end of life diagnosis, their family and carers to access care, information & advice such, pre and post bereavement support.

Good Moves - volunteer led community navigators support, encourage and engage with residents to connect, build confidence, become more socially & physically active.

Community Champions - set up a team of Community Champions to roll out health messages across the district.

Financial review

Policy on reserves

Newark and Sherwood Community and Voluntary Service is required to ensure that reserves are available in each financial year to meet any reasonable foreseeable contingency. In reviewing the potential costs should a significant reduction in income arise, the trustees have determined that unrestricted reserves be maintained at three months running costs. This is reviewed annually.

Principal risks and uncertainties

Financial risk

Loss of funding and decommissioning of contracts.

Page 4

Newark and SherTvood Community and Voluntary Service Truste￿, Repoi't Stat£meiit of Respon5ibiliiles The triistees {who ave also the ditrctors tsf New81'k and Sheiivood Coinmunity and Voluntaiy Service f￿. the pui'poses af company law) are responsible foi. prepai'ing the trustees, iepoit and the fitiarncial 5t8teillernts in aecordaÈi¢e witli applicable law aiid Ullited Kingdoni A¢¢ourt¢inE Standards (United Kingdom Gellerally Accepted Accounting Piictice), including FRS 102 "The Fin￿cial Reporting Standard applicable in the ttK and Republic of beland" The report and accounts have beett prepared in actoydaiice with the piDvisioiis in the Companies Act 2006 relating to sniall coiiipanies. Coinpally law i'eqiiiles tlie ti'iistees to pirpare financial stateiiien¢s for eacli fittancial ycar. Undei. company law the tyustees must Rot approve tlie fitiancial statements unless they are satisfied that they 8iv¢ a true and fair view of tlie st&te of affairs of the ¢h¥Yitable coinpany atld of the incoining resources and ai)i)lication of resoui"¢es, including its intoine and expenditure, of the Ch￿'it&blc conipai)y for that period. In prepaiing tliese fjnancial statements, the ttvstees are iEquiird to.. select suitable accountillg policies alld apply them consistently. observe the i)ietliods a#d prijiciples in the Charities SORP; ake judgeinents and esliniatcg Iliat are reasonable Aiid prudenL; s(ate whethei. appli¢abl¢ accounting stalldal￿.￿, comp¥ising FRS 102 have been fallowed. subject to aiiy material depai*ure5 disclosed and explaiiicd ui the financi￿ st&tdnetits' and prepaiE die fLnan¢ial statemettts OEL tl)¢ going concun ba515 Linless it is in8ppropiiate to prt5ume tliat the ¢hai'itable company will cuntinue in business. The trustees are vt8ponsiblc for keeping proper accounting recotxis th&t cai) disclose with reasonable accuracy at any time the fJiaDcial position of the cliar&table ¢ompaiiy and eiiable Ihetn iu ensuir tliat tlie fitkancial St￿tel￿ents ¢omply w￿tIl tlie Conipani¢s A¢t 2006. Tkney are a15u rcsponsible for safeguarding the assets of tlie c11211table eonipany and lience foi. takittg rtasoiiable step5 foi. tlie preventioti aiid detectinn nf fraud and otlier ilyegularities. The trustee5 are r¢sponsible for the inaintenance and illtegi'ity of the ¢orpoi'ate and financial iiiforination ittclttdcd on IE]e charitable company's website. Legislation govei'ning the preparation aiid dissemination or finall¢ial statements inay diffei. fi'om legislation in other jui'isdic(ions. SMAII eowThpHnie$ pi'ovision 5tAtemeiil This Y¢port lias been pi'epaird in a¢¢oithoce widi the small compan￿¢S irgLmE und¢r tb¢ Companies A¢t 2006. The aniiual veport W29 approved by tl)e tivstees of tlle cliai'ity oil 13 Jyly 2023 alld signed ()n its behalf by.. Jereiny Ha Ti'ustee Page 5

Newark and Sherwood Community and Voluntary Service

Independent Examiner's Report to the trustees of Newark and Sherwood Community and Voluntary Service ('the Company')

Independent examiner’s report to the trustees of Newark and Sherwood Community and Voluntary Service ('the Company')

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2023.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts 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 your 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 Company'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 and Fellow of the Association of Charity Independent Examiners, 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 that in any material respect:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts 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 accounts 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.

......................................

John O'Brien MSc, FAIA, FCCA, FCIE, employee of Community Accounting Plus Fellow of the Association of Charity Independent Examiners

Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL

Date:............................. 01/08/2023

Page 6

Newark and Sherwood Community and Voluntary Service

Statement of Financial Activities for the Year Ended 31 March 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note
Income and Endowments from:
Donations and legacies
2
Charitable activities
3
Investment income
4
Total income
Expenditure on:
Charitable activities
6
Other expenditure
7
Total expenditure
Net income/(expenditure)
Transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
21		 Unrestricted
£
15,579
-
1,819
17,398
(11,550)
(553)
(12,103)
5,295
8,402
13,697
93,746
107,443		 Restricted
£
-
352,042
-
352,042
(283,702)
-
(283,702)
68,340
(8,402)
59,938
41,177
101,115		 Total
2023
£
15,579
352,042
1,819
369,440
(295,252)
(553)
(295,805)
73,635
-
73,635
134,923
208,558		 Total
2022
£
3,450
285,560
22
289,032
(294,770)
-
(294,770)
(5,738)
-
(5,738)
140,661
134,923

All of the charity's activities derive from continuing operations during the above two periods.

The funds breakdown for the period is shown in note 21.

The notes on pages 10 to 20 form an integral part of these financial statements. Page 7

Newark and Sherwood Community and Voluntary Service

Statement of Financial Activities for the Year Ended 31 March 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

These are the figures for the previous accounting period and are included for comparative purposes

Note
Income and Endowments from:
Donations and legacies
2
Charitable activities
3
Investment income
4
Total income
Expenditure on:
Charitable activities
6
Total expenditure
Net income/(expenditure)
Transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
21		 Unrestricted
funds
£
3,450
-
22
3,472
(1,575)
(1,575)
1,897
25,315
27,212
66,534
93,746		 Restricted
funds
£
-
285,560
-
285,560
(293,195)
(293,195)
(7,635)
(25,315)
(32,950)
74,127
41,177		 Total
2022
£
3,450
285,560
22
289,032
(294,770)
(294,770)
(5,738)
-
(5,738)
140,661
134,923

The notes on pages 10 to 20 form an integral part of these financial statements. Page 8

Newark aDd Shernood Community and Voluntary Serviee (Registration number: 02693602) Balance Sheet as at 31 March 2023 2023 2022 r4ote Fixed assets Tangible a55ets 12 3.548 1,714 Current #￿ets Debiors Cash at bank and in hand 13 14 10,553 203,535 12,562 125.859 214,088 138.421 Creditor$: Amounts falling due witbiTr one year l¥et Current a$$ets 15 (9,0781 5,212 205,010 13.3,209 N*t as5¢ts 208.558 134,923 Funds of the tharity: Restricted ineome funds Restricted funds 21 101.115 41,177 Unrestricted intome funds Unrestricted funds 107,443 93,746 Total funds 21 208,558 134,923 For the flnancial year endih¥ 31 March 2023 the charity was entitled to exeTnption from audit under section 477 of the Coinpanies Act 2006 relating to small companies. Dire¢tt>rs' re5pon5ibilities'. The m¢mber9 have not required the ¢harity to obtain an audit of its accounts for th¢ year in qu¢5tion in at¢tsrdan¢e with s¢ction 476., and The dir¢ctors acknowledge their responsibtlities for complying with the requirements of tjie Act with respect to accounting records and th¢ Preparation of accounts. These financial statements have beett prepared in accordance with the special provisÉon$ relaiing to COM￿nieS subject to the small companie$ regime within Part 15 of tile Companies Act 2006. The financial statem¢nt5 on page5 7 to 20 were approved by the trllstees, and avihtsrised ftsr issue on 18 July 2023 and signed ort their behalf by.. Tom Geraghty Trustee The notes on pages 10 to 20 forjn an integral part of these financial siatements. Page 9

Newark and Sherwood Community and Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2023

1 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: 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)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Basis of preparation

Newark and Sherwood Community and Voluntary Service 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 notes.

Going concern

The financial statements have been prepared on a going concern basis.

The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.

Exemption from preparing a cash flow statement

The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.

Income and endowments

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

Donations and legacies

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.

Grants receivable

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Page 10

Newark and Sherwood Community and Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2023

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Individual fixed assets costing £500.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate Computer equipment 33.33% straight line General equipment 20% straight line

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Page 11

Newark and Sherwood Community and Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2023

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.

Restricted income funds are those grants for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Pensions and other post retirement obligations

The charity operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the charity. Pension costs charges in the Statement of Financial Activities represent the contributions payable by the charity during the year.

2 Income from donations and legacies

Donations and legacies;
Donations from companies, trusts and similar
proceeds
Grants, including capital grants;
Government grants
3
Income from charitable activities
Grants & donations
Fees & registrations
4
Investment income
Interest receivable and similar income;
Interest receivable on bank deposits		 Unrestricted
funds
General
£
15
15,564
15,579
Restricted
funds
£
344,851
7,191
352,042
Unrestricted
funds
General
£
1,819		 Total
2023
£
15
15,564
15,579
Total
2023
£
344,851
7,191
352,042
Total
2023
£
1,819		 Total
2022
£
200
3,250
3,450
Total
2022
£
283,538
2,022
285,560
Total
2022
£
22

Page 12

Newark and Sherwood Community and Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2023

5 Grants & donations

5
Grants & donations
Active Partners Trust
NHS Nottingham & Nottinghamshire ICB
NHSE
National Lottery Community Fund
Newark and Sherwood District Council
Nottingham Hospitals Charity
Nottinghamshire County Council
Nottinghamshire Together (Notts County Council)
Sundry grants & donations		 Unrestricted
funds
£
-
8,564
7,000
-
-
-
-
-
15
15,579		 Restricted
funds
£
13,430
73,684
-
118,449
35,133
46,046
21,234
35,570
1,305
344,851		 Total
£
13,430
82,248
7,000
118,449
35,133
46,046
21,234
35,570
1,320
360,430

6 Expenditure on charitable activities

Bank charges
Depreciation
Events & activities
Website development
Insurance
IT software & consumables
Legal & professional fees
Marketing
Partnership grant distribution
Printing, postage & stationery
Recruitment & advertising
Rent & services
Room hire
Salaries, NI & pensions
Staff expenses & training
Subscriptions & memberships
Telephone & internet
Volunteer expenses		 Unrestricted
General funds
£
Restricted funds
£
-
148
805
1,596
760
7,953
-
815
-
1,140
1,048
8,012
-
2,206
-
2,503
-
16,464
-
266
-
1,782
-
2,674
80
1,562
8,593
218,413
38
11,617
215
583
11
2,319
-
3,649
11,550
283,702		 Total
2023
£
148
2,401
8,713
815
1,140
9,060
2,206
2,503
16,464
266
1,782
2,674
1,642
227,006
11,655
798
2,330
3,649
295,252		 Total
2022
£
114
1,931
3,600
-
1,120
7,411
2,093
8,181
45,020
183
2,189
539
437
201,180
5,128
1,050
2,424
12,170
294,770

Page 13

Newark and Sherwood Community and Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2023

7 Other expenditure

Loss on disposal of tangible fixed assets
8
Net incoming/outgoing resources
Net incoming/(outgoing) resources for the year include:
Loss on disposal of fixed assets held for the charity's own
Depreciation of fixed assets
9
Staff costs
The aggregate payroll costs were as follows:
Staff costs during the year were:
Wages and salaries
Social security costs
Pension costs		 Unrestricted
General
£
553
553
use		 Total
2023
£
553
553
2023
£
553
2,401
2,954
2023
£
207,300
11,136
8,570
227,006		 Total
2022
£
-
-
2022
£
-
1,931
1,931
2022
£
184,342
8,503
8,335
201,180

The monthly average number of persons (including senior management team) employed by the charity during the year was as follows:

Average number of employees 2023
No
9		 2022
No
10

6 (2022 - 7) of the above employees participated in the Defined Contribution Pension Schemes.

Contributions to the employee pension schemes for the year totalled £8,570 (2022 - £8,335).

No employee received emoluments of more than £60,000 during the year.

The total employee benefits of the key management personnel of the charity were £98,316 (2022 - £72,977).

Page 14

Newark and Sherwood Community and Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2023

10 Trustees remuneration and expenses

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

No trustees have received any reimbursed expenses or any other benefits from the charity during the year.

11 Fees payable to independent examiner

During the period, the fees payable (excluding VAT) to the charity’s independent examiner are analysed as follows:

Independent examination
12 Tangible fixed assets
Cost
At 1 April 2022
Additions
Disposals
At 31 March 2023
Depreciation
At 1 April 2022
Charge for the year
Eliminated on disposals
At 31 March 2023
Net book value
At 31 March 2023
At 31 March 2022
13 Debtors
Prepayments
Other debtors		 2023
£
1,110
1,110
Computer
equipment
£
7,695
4,788
(2,611)
9,872
5,981
2,401
(2,058)
6,324
3,548
1,714
2023
£
1,746
8,807
10,553		 2022
£
1,060
1,060
Total
£
7,695
4,788
(2,611)
9,872
5,981
2,401
(2,058)
6,324
3,548
1,714
2022
£
3,082
9,480
6,324
3,548
1,714
2023
£
1,746
8,807
10,553
12,562

Page 15

Newark and Sherwood Community and Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2023

14 Cash and cash equivalents

Cash at bank
15 Creditors: amounts falling due within one year
Other taxation and social security
Accruals		 2023
£
203,535
2023
£
1,104
7,974
9,078		 2022
£
125,859
2022
£
353
4,859
5,212

16 Obligations under leases and hire purchase contracts

Operating lease commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

Land and buildings
Within one year
Other
Within one year		 2023
£
1,163
1,163
2,600
2,600		 2022
£
-
-
88
88

17 Charity status

The charity is a company limited by guarantee and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.

18 Taxation

The charity is a registered charity and is therefore exempt from taxation.

Page 16

Newark and Sherwood Community and Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2023

19 Related party transactions

During the year the charity made the following related party transactions:

Tom Geraghty & Associates Ltd

(During the year the charity acquired services totalling £672 (2022 - £634) from Tom Geraghty & Associates Ltd, a company in which Tom Geraghty is a director and controlling shareholder.) At the balance sheet date the amount due Tom Geraghty & Associates Ltd was £Nil (2022 - £Nil).

20 Analysis of net assets between funds

Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets		 Unrestricted
General
£
3,548
112,973
(9,078)
107,443
Unrestricted
General
£
1,714
92,446
(414)
93,746		 Restricted
£
-
101,115
-
101,115
Restricted
£
-
45,975
(4,798)
41,177		 2023
Total funds
£
3,548
214,088
(9,078)
208,558
2022
Total funds
£
1,714
138,421
(5,212)
134,923

Page 17

Newark and Sherwood Community and Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2023

21 Funds

Unrestricted funds
General
General fund
Restricted funds
Communities First
Community Engagement
Project
Door to Door Project
Door to Door (National
Lottery)
Door to Door (UKSPF)
Nottinghamshire Together
Vounteer Centre
Golden Thread
Butterfly Project
Community Champions
Social Recovery
Innovation fund
Good Moves
Homes for Ukraine
Reach Out
Rushcliffe Engagement
SMI Co-production &
Engagement
Total restricted funds
Total funds		 Balance at 1
April 2022
£
93,746
-
12,119
261
7,503
-
-
3,332
950
4,914
11,915
1,214
(1,031)
-
-
-
-
-
41,177
134,923		 Incoming
resources
£
17,398
118,449
31,848
19,025
-
23,873
35,570
11,260
-
50,410
7,500
-
4,296
10,000
4,975
500
6,694
27,642
352,042
369,440		 Resources
expended
£
(12,103)
(68,019)
(35,712)
(16,645)
(7,503)
(23,873)
(31,431)
(11,765)
(950)
(53,172)
(10,873)
(1,214)
(3,448)
(6,928)
(4,975)
(500)
(6,694)
-
(283,702)
(295,805)		 Transfers
£
8,402
(1,972)
(901)
(901)
-
-
(2,213)
(1,378)
-
(1,220)
-
-
183
-
-
-
-
-
(8,402)
-		 Balance at
31 March
2023
£
107,443
48,458
7,354
1,740
-
-
1,926
1,449
-
932
8,542
-
-
3,072
-
-
-
27,642
101,115
208,558

The transfer from the General fund to the Innovation fund is to cover the deficit on this activitiy. The transfers from the Community Engagement Project, Volunteer Centre, Door to Door Project and Nottinghamshire Together funds to the General fund represent the redundancy contingency. The transfers from the Butterfly Project and Communities First to the General fund represent the net book value of fixed assets, the use of which is not subjest to any restriction.

Page 18

Newark and Sherwood Community and Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2023

The specific purposes for which the funds are to be applied are as follows:

Community Engagement Project - funded by NHS Nottingham and Nottinghamshire ICB, the project aims to improve community engagement with health services in the Newark and Sherwood area.

Door to Door Project - funded by Nottinghamshire County Council, the National Lottery Community Fund and Newark and Sherwood District Council, the project aims to increase provision of community transport across Newak and Sherwood for those who find it difficult to access transport services.

Nottinghamshire Together - funded by Nottinghamshire County Council, this project aims to offer a single point of access for strategic infrastructure support whilst playing and active role in local place based area co-ordination.

Golden Thread - funded by Boots to support young people into volunteering.

Volunteer Centre - funded by Newark and Sherwood District Council to provide support services to organisations who involve volunteers and individuals looking for volunteering opportunities.

Butterfly Project - funded by Nottingham Hospitals Charity to develop and deliver a new end of life care service.

Community Champions - funded by NHS Nottingham and Nottinghamshire ICB - working with voluntary and community sector colleagues and local authority partners to enhance and embed health and wellbeing messages and support services across the district.

Social Recovery - funded by Nottinghamshire County Council, this project directly helped vulnerable people affected by the effects of Covid 19.

Innovation Fund - funded by Nottinghamshire County Council to develop and implement a community transport business plan for joint working with Rushcliffe CVS.

Homes for Ukraine - funded by Nottinghamshire County Council, the project provided access to support, advice and guidance to increase chances of future employment for Ukrainian people living in the district. Communities First - funded by the National Lottery Community Fund - aims to develop partnership working with Rushcliffe Community Voluntary Service.

Good Moves - funded by Active Partner Trust - aims to build capacity in people and communities to enable them to get out of the house and 'move more' in Sherwood's former mining communities.

Reach Out - funded by Nottinghamshire County Council, the programme aims to to extend our current reach to meet with a range of people/communities where they are an connect with them face-to-face to give information, promote understanding and raise an awareness of the importance of vaccination in providing strong protection against serious illness, hospitalisation and death.

Rushcliffe Engagement - funded by NHS Nottingham and Nottinghamshire ICB to cover Partnership and Engagement officer shared post.

SMI Co-production & Engagement - funded by NHS Nottingham and Nottinghamshire ICB, the project starting in April 2023 is designed with a focus on co-production and meaningful engagement of people with Severe Mental Illness (SMI).

Page 19

Newark and Sherwood Community and Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2023

These are the figures for the previous accounting period and are included for comparative purposes:

Unrestricted funds
General
General fund
Restricted
Community Engagement
Project
Door to Door Project
Door to Door (National
Lottery)
Nottinghamshire Together
Ollerton Development
Project
Vounteer Centre
Golden Thread
Vaccination Programme
VC SEP
Listening Line
Butterfly Project
Community Champions
Let's Connect
Social Recovery
State of the Sector Survey
Innovation fund
Total restricted funds
Total funds		 Balance at 1
April 2021
£
66,534
19,811
-
-
6,861
-
2,094
10,000
21,950
644
12,767
-
-
-
-
-
-
74,127
140,661		 Incoming
resources
£
3,472
31,848
11,348
9,774
10,312
42,958
11,260
-
110,919
1,500
-
8,346
25,000
13,257
5,000
4,038
-
285,560
289,032		 Resources
expended
£
(1,575)
(37,945)
(11,087)
(2,271)
(16,094)
(34,832)
(10,022)
(9,050)
(121,300)
(2,047)
(10,828)
(3,432)
(13,085)
(12,545)
(3,786)
(3,840)
(1,031)
(293,195)
(294,770)		 Transfers
£
25,315
(1,595)
-
-
(1,079)
(8,126)
-
-
(11,569)
(97)
(1,939)
-
-
(712)
-
(198)
-
(25,315)
-		 Balance at
31 March
2022
£
93,746
12,119
261
7,503
-
-
3,332
950
-
-
-
4,914
11,915
-
1,214
-
(1,031)
41,177
134,923

Page 20