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2024-03-31-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 2024

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 21

Newark and Sherwood Community and Voluntary Service

Reference and Administrative Details

Trustees Jeremy Hague, Chair Tom Geraghty, Treasurer Terry Shrimpton Ivor Walker Peter Duncan Susan Smith 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 and auditors' report of the charitable company for the year ended 31 March 2024.

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 Peter Duncan Susan Smith (appointed 18 January 2024) Lisa Geary (resigned 18 July 2023) Arran Coggan (resigned 14 September 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

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 1032 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. 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. Close partnership working and joint delivery has been undertaken with Rushcliffe CVS through the communities first project including the development of a joint volunteer offer.

Butterfly Project - Our Butterfly project supports those facing an end of life diagnosis, and their significant carers. The service offers volunteer befrienders and support groups.

Hawtonville - Our targeted investing in communities’ project funded by Public Health is focusing on the building block for health principles. We are working with local residents to encourage community activation, citizenship and volunteering.

Page 3

Newark and Sherwood Community and Voluntary Service

Trustees' Report

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 Sherwood C'ommunlty and Voluntary Servlce Trustees• Report Slaten*nt of Responslbllltles The trustees (who are also the directors of Newark and Sh¢rwood Commuiiity and Voluntary S¢rvic¢ for the pu￿oSe5 ot coinpany law) ar¢ responsible for prcpariog the Iruste¢s' report ￿]d the financial slat¢in¢nts In accoi'dance with applicable law and United Kingdoni Accounting Siandards (United Kingdoni Genei'ally Accepted Accounliiig Praclice), ijKluding FKS 102 "The Financial Reporling Standard applicablc in Ibe UK and Republic of Ireland" The report Jnd oLcounts havc been pyepared in acLordance witl) the provisions in the Companies Act 2006 rclating to small compani¢s. C.01￿panY law requires the tivstees lo prepare financial statenients fDr each finan¢ial year. lJnder cojnpany law Ihe Iriislees musl no( opprove Ihe financial sialemenls unlcss ilicy arc salisfied (hal Ihey give a Irue and fair view of the slate of affairs of the charitable company and of thc inLoining resources and application of resources, including its iiicome and expenditure, of ihe charitable comp8ny for that period. In prepariiig these financial stalemeiits, the trustees are required to: Select suitable accounting policies aiid apply Ihem eonsistently: observc the metliods and principles in the Charities SORP. nmke jiidgements and cslimatcs that are reasoiiabl¢ and prndcnt. slate wli¢ih¢r applicable accounting stsndard4 comprising FRS 102 liave been followcd, subject to 81)y mAlcrial d¢parlur¢8 discloscd and explained in Ihc financial slaleinent8; and prep.Ai'e Ilie fipAnFi#l sifiiemenlfj p.n Ihe gp.jng F.p.pF¢rn b.psji ynl{S¢ s jl li jpfipp.rp.p,iiale Ip, preium¢ Ihaf th¢ charitable company will continu¢ in business. The twsteel are responsible for keeping proper accountiiig records that can disclose with reasonable accuracy at aiiy time the finaiicial position of the ch8rilobl¢ company and enable Iheni lo cnsure Ilial the fiiiancial stalcmeiits coinply with the Coinpgnies Act 2006. They arc also responsible for sufeguarding the Mssets of th¢ chEbi'itnble coinpany and hence for takin¥ reasonable skps for the prevention and detection of fraud and other Irregu1￿.111¢s. The trustees are responsible for the maintenance and integrtty of the corporate and financial inforniation included on the charit#bl¢ companys websilc. Le8islalion govcrnin8 Ihe prcparalion and dissemijialion of rinancial ststements may diftei. fro(n legislation in other jurisdictions. SMAII ¢ompanle5 provlslon statement Thls r¢porl has beeft prepared Ill accordan¢e wlth (he sn)all wmpanles regln)e und¢r lh¢ Compai)1¢8 Acl 2006. The onnual report wa8 approved by the trjstees of the charity on .22/08/24 and si8n¢d on its be1￿]f by: tlei'¢my I Trustee 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 2024.

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:............................. 23/08/24

Page 6

Newark and Sherwood Community and Voluntary Service

Statement of Financial Activities for the Year Ended 31 March 2024 (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
Transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
20		 Unrestricted
£
28,109
-
6,389
34,498
(2,082)
-
(2,082)
32,416
11,179
43,595
107,443
151,038		 Restricted
£
-
345,669
-
345,669
(325,709)
-
(325,709)
19,960
(11,179)
8,781
101,115
109,896		 Total
2024
£
28,109
345,669
6,389
380,167
(327,791)
-
(327,791)
52,376
-
52,376
208,558
260,934		 Total
2023
£
15,579
352,042
1,819
369,440
(295,252)
(553)
(295,805)
73,635
-
73,635
134,923
208,558

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 20.

The notes on pages 10 to 21 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 2024 (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
Other expenditure
7
Total expenditure
Net income
Transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
20		 Unrestricted
funds
£
15,579
-
1,819
17,398
(11,550)
(553)
(12,103)
5,295
8,402
13,697
93,746
107,443		 Restricted
funds
£
-
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

The notes on pages 10 to 21 form an integral part of these financial statements. Page 8

Newark and Sherwood Community and Voluntary Service (Registration number: 02693602) Balance Sheet as at 31 March 2024 2024 2023 Note Fixed Assets Tangible assets 12 1.596 3,548 Current assets Debtors Cash at bank and in hand 13 14 40,232 268,648 10,553 203,535 308,880 214,088 Creditors: Amounts falling due within one year Net current Assets 15 (49,542) 9,078) 259.338 205,010 Net assets 260,934 208,558 Funds ofthe charity: Restricted ineome funds Restricted funds 20 109,896 101,115 Unrestricted ineome funds Unrestrirted ￿ndS 151,038 107,443 Total funds 20 260,934 208,558 For the financial year ending 31 March 2024 the charity w35 entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities.. The inembers have not required the charity to obtain an audlt of it5 accounts for the year in question in accordanee with section 476; and The direclors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting r¢¢ords and the preparation of accounts. These fInan¢ial statements have been prepared in accordance with th¢ special provisions relating to companies subject to the STnall companies regime within Part 15 of the Companies Act 2006. The financial ststements on pages 7 to 21 were approved by the trustees, and authorised for issue on .ts.Q.V.2.¥. and sigiied on their behalf by: Tom Geraghty Trustee The notes on pages 10 to 21 fom) an integral part of these financial statements. Page 9

Newark and Sherwood Community and Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2024

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

Under the exemption available to smaller charities the Board of Trustees has chosen not to include a Statement of Cash Flows within the 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 2024

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 2024

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
£
15,109
13,000
28,109
Restricted
funds
£
341,170
4,499
345,669
Unrestricted
funds
General
£
6,389		 Total
2024
£
15,109
13,000
28,109
Total
2024
£
341,170
4,499
345,669
Total
2024
£
6,389		 Total
2023
£
15
15,564
15,579
Total
2023
£
344,851
7,191
352,042
Total
2023
£
1,819

Page 12

Newark and Sherwood Community and Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2024

5 Grants & donations

5
Grants & donations
Futures
Active Partners Trust
NHS Nottingham & Nottinghamshire ICB
The Jones 1986 Charitable Trust
Public Health
National Lottery Community Fund
Newark and Sherwood District Council
Nottingham Hospitals Charity
Nottinghamshire County Council
Nottinghamshire Together (Notts County Council)
Sherwood Forest NHS Hospitals Trust
Sundry grants & donations		 Unrestricted
funds
£
15,000
-
-
-
-
-
-
-
8,000
-
5,000
109
28,109		 Restricted
funds
£
-
8,750
40,015
15,000
8,405
106,882
11,260
53,530
57,189
35,570
-
4,569
341,170		 Total
£
15,000
8,750
40,015
15,000
8,405
106,882
11,260
53,530
65,189
35,570
5,000
4,678
369,279

Page 13

Newark and Sherwood Community and Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2024

6 Expenditure on charitable activities

Bank charges
Depreciation
Events & activities
Website development
Hospitality & refreshments
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/accreditation
Management contribution
7
Other expenditure
Loss on disposal of tangible fixed assets		 Unrestricted
General funds
£
Restricted funds
£
13
129
1,952
-
282
5,851
-
9,140
13
51
83
1,221
312
6,962
565
1,799
13
690
-
45,476
4
145
-
1,289
680
2,824
-
1,659
1,504
223,221
439
11,588
71
189
9
2,052
293
7,272
(4,151)
4,151
2,082
325,709		 Unrestricted
General funds
£
Restricted funds
£
13
129
1,952
-
282
5,851
-
9,140
13
51
83
1,221
312
6,962
565
1,799
13
690
-
45,476
4
145
-
1,289
680
2,824
-
1,659
1,504
223,221
439
11,588
71
189
9
2,052
293
7,272
(4,151)
4,151
2,082
325,709		 Unrestricted
General funds
£
Restricted funds
£
13
129
1,952
-
282
5,851
-
9,140
13
51
83
1,221
312
6,962
565
1,799
13
690
-
45,476
4
145
-
1,289
680
2,824
-
1,659
1,504
223,221
439
11,588
71
189
9
2,052
293
7,272
(4,151)
4,151
2,082
325,709		 Total
2024
£
142
1,952
6,133
9,140
64
1,304
7,274
2,364
703
45,476
149
1,289
3,504
1,659
224,725
12,027
260
2,061
7,565
-
327,791
Total
2024
£
-
-		 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
2023
£
553
325,709
553

Page 14

Newark and Sherwood Community and Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2024

8 Net incoming/outgoing resources

Net incoming resources for the year include:

Loss on disposal of fixed assets held for the charity's own use
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		 2024
£
-
1,952
1,952
2024
£
204,211
12,255
8,259
224,725		 2023
£
553
2,401
2,954
2023
£
207,300
11,136
8,570
227,006

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

Average number of employees

2024 2023
No No
9 9

6 (2023 - 6) of the above employees participated in the Defined Contribution Pension Schemes.

Contributions to the employee pension schemes for the year totalled £8,259 (2023 - £8,570).

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 £107,207 (2023 - £98,316).

Page 15

Newark and Sherwood Community and Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2024

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		 2024
£
1,230
1,230		 2023
£
1,110
1,110
12 Tangible fixed assets
Cost
At 1 April 2023
At 31 March 2024
Depreciation
At 1 April 2023
Charge for the year
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023
13 Debtors
Prepayments
Other debtors		 Computer
equipment
£
9,872		 Total
£
9,872
9,872
6,324
1,952
8,276
1,596
3,548
2023
£
1,746
8,807
9,872
6,324
1,952
8,276
1,596
3,548
2024
£
3,254
36,978
40,232
10,553

Page 16

Newark and Sherwood Community and Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2024

14 Cash and cash equivalents

Cash at bank 2024
£
268,648		 2023
£
203,535

15 Creditors: amounts falling due within one year

15 Creditors: amounts falling due within one year
Other taxation and social security
Accruals		 2024
£
5,330
44,212
49,542		 2023
£
1,104
7,974
9,078

16 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.

17 Taxation

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

18 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 (2023 - £672) 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 (2023 - £Nil).

Page 17

Newark and Sherwood Community and Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2024

19 Analysis of net assets between funds

Unrestricted

Unrestricted
Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets		 General
£
1,596
198,984
(49,542)
151,038
Unrestricted
General
£
3,548
112,973
(9,078)
107,443		 Restricted
£
-
109,896
-
109,896
Restricted
£
-
101,115
-
101,115		 2024
Total funds
£
1,596
308,880
(49,542)
260,934
2023
Total funds
£
3,548
214,088
(9,078)
208,558

Page 18

Newark and Sherwood Community and Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2024

20 Funds

Unrestricted funds
General
General fund
Restricted funds
Communities First
Community Engagement
Project
Door to Door Project
Nottinghamshire Together
Vounteer Centre
Gedling
Golden Thread
Butterfly Project
Community Champions
Kilisick
Hawtonville
Good Moves
Rushcliffe Engagement
SMI Co-production &
Engagement
Total restricted funds
Total funds		 Balance at 1
April 2023
£
107,443
48,458
7,354
1,740
1,926
1,449
-
-
932
8,542
-
-
3,072
-
27,642
101,115
208,558		 Incoming
resources
£
34,498
106,882
30,235
31,432
35,570
11,260
8,405
8,750
57,628
-
3,780
45,727
-
6,000
-
345,669
380,167		 Resources
expended
£
(2,082)
(85,384)
(28,956)
(27,682)
(33,743)
(10,910)
(7,154)
(3,733)
(56,820)
(100)
(46)
(37,204)
(2,525)
(5,502)
(25,950)
(325,709)
(327,791)		 Transfers
£
11,179
-
-
-
-
-
-
-
-
(8,442)
-
-
(547)
(498)
(1,692)
(11,179)
-		 Balance at
31 March
2024
£
151,038
69,956
8,633
5,490
3,753
1,799
1,251
5,017
1,740
-
3,734
8,523
-
-
-
109,896
260,934

The transfers from the restricted funds to the General fund relates to activities which have ceased, and the release of any restrictions on the use of these funds.

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 Newark and Sherwood District Council and The Jones 1986 Charitable Trust the project aims to increase provision of community transport across Newark 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 an active role in local place based area co-ordination. Volunteer Centre - funded by Newark and Sherwood District Council to provide support services to organisations who involve volunteers and individuals looking for volunteering opportunities.

Page 19

Newark and Sherwood Community and Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2024

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.

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.

Golden Thread - funded by Active Partners Trust the volunteering project aims to buddy older members of the community with younger people to help them gain news skills and participate in community activity. Rushcliffe Engagement - funded by NHS Nottingham and Nottinghamshire ICB to cover Partnership and Engagement officer shared post.

SMI - funded by NHS Nottingham and Nottinghamshire ICB the project focuses on co-porduction and meaningful engagement of people with severe mental illness.

Hawtonville - funded by Nottinghamshire County Council to coordinate and develop activities and provision to support the health and wellbeing of residents in the area. Gedling - funded by Public Health for a development worker.

Kilisick - funded by South Notts Placed Based Partnership for activities for a newly formed friendship group.

Page 20

Newark and Sherwood Community and Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2024

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

Unrestricted funds
General
General fund
Restricted
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

Page 21