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2025-03-31-accounts

Charity registration number 1054322 (England and Wales)

Company registration number 3132487

NEWVOL

OPERATING AS DENBIGHSHIRE VOLUNTARY SERVICES COUNCIL ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

NEWVOL OPERATING AS DENBIGHSHIRE VOLUNTARY SERVICES COUNCIL LEGAL AND ADMINISTRATIVE INFORMATION

Trustees C Ruane
L Jones
S Wilson
K Bellis
G Sandilands
J Gardner
N Donovan (Appointed 22 May 2024)
M Edwards (Appointed 24 April 2025)
J Downing (Appointed 24 April 2025)
Charity number (England and Wales) 1054322
Company number 3132487
Registered office Naylor Leyland Centre
Well Street
Ruthin
LL15 1AF
Auditor Sage & Company Business Advisors Ltd
102 Bowen Court
St Asaph Business Park
St Asaph
Denbighshire
LL17 0JE
Solicitors Gamlins Solicitors Rhyl
33-37 Russell Road
Rhyl
LL18 3DB

NEWVOL OPERATING AS DENBIGHSHIRE VOLUNTARY SERVICES COUNCIL CONTENTS

Page
Trustees' report 1 - 8
Statement of trustees' responsibilities 9
Independent auditor's report 10 - 12
Statement of financial activities 13 - 14
Statement of financial position 15 - 16
Statement of cash flows 17
Notes to the financial statements 18 - 34

NEWVOL OPERATING AS DENBIGHSHIRE VOLUNTARY SERVICES COUNCIL TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2025

The trustees present their report and financial statements for the year ended 31 March 2025.

NEWVOL is a charity registered in the United Kingdom. The Charity Registration Number is 1054322.

NEWVOL is incorporated as a company limited by guarantee and registered in the United Kingdom, number 3132487.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's constitution, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016)

Objectives and activities

DVSC enables volunteers, charities and community groups to be more informed, more effective, and better connected; working together to build a strong and vibrant Denbighshire.

DVSC is a partner in Third Sector Support Wales; a consortium of the 19 County Voluntary Councils, Wales Council for Voluntary Action and Welsh Government.

Thanks to core funding from Welsh Government, we deliver Third Sector Support in Denbighshire, across four pillars of activity:

All our work and projects align with this strategic framework of support and aim to meet the 7 principles, and 5 ways of working of the Wellbeing of Future Generations Act.

Public benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

NEWVOL OPERATING AS DENBIGHSHIRE VOLUNTARY SERVICES COUNCIL TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Achievements and performance

Significant activities and achievements against objectives Introduction

DVSC continues to support the 3rd sector in Denbighshire. As part of Third Sector Wales we manage grant programmes and provide funding advice, volunteering support, governance advice and help the 3rd sector engage and influence Denbighshire County Council and Betsi Cadwaladr University Health Board.

DVSC has continued to deliver its Key Fund project, as part of the UK Government’s Shared Prosperity Fund. This provides significant capital and revenue grants to the Denbighshire 3rd Sector, aimed at improving sustainability and resilience. Additional to the grants, this Key Fund has offered a range of Masterclass training courses, one to one coaching, action learning sets, and direct support to new social enterprises. We also made grants to support community numeracy through the Multiply grant programme.

We have confirmed that the Key Fund will continue to be delivered by DVSC in 2025-2026’s Shared Prosperity Fund’s Transition year.

Team

DVSC have had no new recruits or leavers from its staff team in this year. We continue to invest in our team, to support their effectiveness and impact. We work in a hybrid model – part in the office, part home - that supports flexibility and teamwork and means that we can operate across the whole county. We value our kind and supportive team and progressive workplace culture.

Board

The Board has welcomed Mair Edwards and Janine Downing as new Trustees, both joining on 24th April 2025. David Hanson (Baron Hanson of Flint) resigned on 10th July 2024 and Gavin Harris resigned on 3rd February 2025.

Third Sector Support Wales Pillars:

Volunteering

Volunteering is key to DVSC’s work, and that of the 3rd sector. We celebrate volunteering and work with our members to ensure they provide a quality experience for volunteers. This year we have:

NEWVOL OPERATING AS DENBIGHSHIRE VOLUNTARY SERVICES COUNCIL TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Governance

DVSC provides information, advice, one to one support, training and mentoring opportunities for 3rd Sector organisations that need support in how they operate and govern/ are governed.

A great deal of our Key Fund 321 Masterclass programme is aimed at supporting how Third Sector organisations are set up and run, for example how to measure impact, and how to manage change. We continued to run one on one Build It support sessions for people starting up and at early stages of development of new community groups and social enterprises.

Funding

i). Grants

In 2024-2025, In addition to the Key Fund, DVSC administered 5 different funds across Denbighshire.

ii). Key Fund

DVSC was successful in securing a major Key Fund project as part of the UK Government’s Shared Prosperity Fund. The Key Fund is focused on making significant revenue and capital grants to shore up the resilience and sustainability of the 3rd sector in Denbighshire.

As well as grants, the Key Fund also delivered a range of Masterclass training courses, one to one consultancy and coaching, and other support.

The grants made under the Key Fund were as follows:

The grants made under the Key Fund were as follows:
Core Key Fund Grants £782,785
Multiply Community Numeracy Grants £370,000
Acorn Enterprise Grants £5,995
Total £1,158,780

We wish to thank the volunteer grant panellists for our Key Fund, Youth Grants and overall grants programmes, who ensure an independent and objective community voice is part of the process, mitigating bias, ensuring regional representation and leading to equitable and effective grant distribution.

NEWVOL OPERATING AS DENBIGHSHIRE VOLUNTARY SERVICES COUNCIL TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

iii). Other funding information, advice and support

DVSC staff also take part in the panels of other major regional funders including Gwynt Y Mor and Burbo Bank among others. We organise regular well attended Funding Fairs (3 across the county in 2024-25) and 20 Meet the Funder events, and advise on other grants that organisations can apply for.

Total Grants Awarded

otal Grants Awarded
Fund Number of grants made Total allocated
Welsh Church Act Fund 26 £11,917
Youth-Led Grants 7 £9,750
Dementia-Aware Community Led Grant 11 £20,902
Croeso Cynnes 18 £61,184
Cogog 44 £213,070
Key Fund 70 £1,158,780
Other Small Grants £327
TOTAL £1,475,930

Influencing and Engagement

DVSC works closely with and represents the Denbighshire Third Sector. We help it to engage with Denbighshire County Council, Betsi Cadwaladr University Health Board, and a range of other public bodies. We do this through membership of:

…as well as many more.

We also take part in a number of other national forums and networks through Third Sector Support Wales including or Chief Officer is Chair of the Governance Practitioner Group.

In 2023 we established the Denbighshire Third Sector Influencing Group, with representation from a range of sectors among the voluntary members. We collectively look to discuss, raise and communicate matters of concern and collective interest to our public sector partners. This new Group met twice in the year.

NEWVOL OPERATING AS DENBIGHSHIRE VOLUNTARY SERVICES COUNCIL TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Health and Wellbeing

i). Partnership with Betsi Cadwaladr University Health Board

The role of DVSC’s Wellbeing Partnership Manager is to promote partnership working between public and Third Sectors across health and social care including Denbighshire County Council and Betsi Cadwaladr University Health Board.

In August 2024 we collaboratively organised a Health and Wellbeing tent at the Denbigh and Flint Show, attended by 2500 people and promoting seamless services across sectors.

In March 2025 we also organised with BCUHB and the other North Wales CVCs, a Women’s Health Inequality conference at the Rhyl Pavilion, which attracted a range of high level speakers and nearly 500 attendees.

Our work is held together by the four Denbighshire Third Sector Wellbeing Network meetings that we hold each year.

ii). Dementia Aware Denbighshire

Dementia Aware Denbighshire is funded from the Welsh Government’s Regional Integration Fund. It is an established project supporting community-led support for people living with dementia and their carers. In 2024-25 we delivered:

Other Projects

We have continued to work with Social Enterprise Academy to deliver the second year of Schools Social Enterprise project with schools in Rhyl, expanding into Prestatyn, building on the entrepreneurial skills and community leadership of children and young people. Over the 2 years of the project, 420 young people were engaged across Rhyl and Prestatyn, across 12 schools, 10 external partners engaged as business mentors.

Naylor Leyland Centre

Naylor Leyland Centre in Ruthin continues to be our home – a flexible office space for our hybrid team to come together and work from, and a community building with excellent meeting and event facilities used by a diverse range of Denbighshire’s Third Sector organisations. We have invested this year in better AV equipment to support multimedia events. We are continuing a process with Denbighshire County Council around an asset transfer of the building from DCC’s Corporate Trusteeship to DVSC’s ownership.

NEWVOL OPERATING AS DENBIGHSHIRE VOLUNTARY SERVICES COUNCIL TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Financial review

Financial performance showed an increase in income to £2,149,651 from £1,327,742 in 2023-2024. The charity ended the year with a surplus of £85,053. This performance was partly due to the scale and ambition of the Key Fund project and a range of other fees for services including grant management, as well as continued careful management of expenditure.

Risk Management

The DVSC Board discusses the charity’s risk register at Board meetings. Additionally the Board reviews risk when budget setting and setting the appropriate level of reserves. The Board are notified in the event of significant adverse variances to the risk register and any unexpected impact outside the annual reporting cycle.

Reserves policy

Reserves Policy

The Reserves Policy is reviewed annually. Our Liquid Reserves provision at the start of the 2024/2025 financial year was £227,212.

DVSC’s reserves policy for the financial year, as agreed by the Board, was based on the following requirements:

Budget setting

The financial position (with an increase in reserves) provided the Board with assurance that DVSC remains on a positive trajectory; and continues to deliver business growth with significant free reserves.

Looking to the Future

The Board remains committed to developing DVSC’s support to the sector whilst managing risks, and finances prudently, in line with their trustee duties. The focus for the year ahead is on delivering a further transition year of the Key Fund project funded by Shared Prosperity Fund, whilst planning and designing successor programmes around sector needs.

The Trustees’ aim, working in partnership with the Chief Officer, is to ensure that DVSC provides a sustainable sector support service in Denbighshire, with staff resource proportionate to the funds provided, and with sufficient internal capacity and capability to meet new opportunities.

DVSC has security in terms of its core Third Sector Support Wales grant from Welsh Government, with an agreed funding position until end of March 2026. There is a new TSSW funding arrangement being negotiated in Autumn 2025. The Dementia Aware Denbighshire project funding has been extended a further year to the end of March 2026 with a view to this being delivered until the end of the current RIF arrangements in March 2027. Our work with BCUHB is growing in impact and we look to maintain this contract and long term relationship. Risks on these funding sources have been considered, assessed and have informed the budget setting process.

NEWVOL OPERATING AS DENBIGHSHIRE VOLUNTARY SERVICES COUNCIL TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Structure, governance and management

The charity is a private limited company limited by guarantee without share capital.

Registered Office: Naylor Leyland Centre, Well Street, Ruthin LL15 1AF

Advisors to the Company:

Solicitors: Gamlins, 31/37 Russell Road, Rhyl LL18 3DB

Bankers: Barclays Bank

Auditors: Sage & Company Business Advisors Ltd, 102 Bowen Court, St Asaph Business Park, St Asaph LL17 0JE

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

G Harris (Resigned 3 February 2025) C Ruane L Jones Rt Hon D Hanson (Resigned 11 July 2024) S Wilson K Bellis G Sandilands J Gardner N Donovan (Appointed 22 May 2024) M Edwards (Appointed 24 April 2025) J Downing (Appointed 24 April 2025)

Recruitment and appointment of trustees

Chief Officer: Mr Tom Barham

Legal responsibility for the control of DVS’s activities and funds lies with the Board of Directors. Day to day leadership and management of the Charity is delegated to the Chief Officer.

Directors are appointed and retire in accordance with the company’s Articles of Association. The Articles were revised in 2024 and Directors can serve a maximum of 3 terms and a total of 9 years.

The Board of Directors collectively ensure that the income and property of the charity is applied for the purposes set out in the Memorandum and Articles of Association and for no other purposes.

The Directors are responsible for all other decisions in relation to strategy and budgets.

DSVC’s Chief Officer reports directly to the Board of Directors and is responsible for working with and supporting the Board in line with the principles and practice of good governance and providing day to day leadership and management of the organisation.

Transactions with related parties

There are no conflicts of interest to report in relation to transactions with related parties.

Auditor

In accordance with the company's articles, a resolution proposing that Sage & Company Business Advisors Ltd be reappointed as auditor of the company will be put at a General Meeting.

NEWVOL OPERATING AS DENBIGHSHIRE VOLUNTARY SERVICES COUNCIL TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Disclosure of audit information

Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The trustees' report was approved by the Board of Trustees.

S Wilson

Chair

17 October 2025

NEWVOL OPERATING AS DENBIGHSHIRE VOLUNTARY SERVICES COUNCIL STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2025

The trustees, who are also the directors of NEWVOL for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law 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 of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They 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 charity 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.

NEWVOL OPERATING AS DENBIGHSHIRE VOLUNTARY SERVICES COUNCIL INDEPENDENT AUDITOR'S REPORT

TO THE TRUSTEES OF NEWVOL

Opinion

We have audited the financial statements of NEWVOL (the ‘charity’) for the year ended 31 March 2025 which comprise the statement of financial activities, the statement of financial position, the statement of cash flows and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is 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).

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the accounts in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

NEWVOL OPERATING AS DENBIGHSHIRE VOLUNTARY SERVICES COUNCIL INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF NEWVOL

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

As part of audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows;

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

To address the risk of fraud through management bias and override of controls, we:

NEWVOL OPERATING AS DENBIGHSHIRE VOLUNTARY SERVICES COUNCIL INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF NEWVOL

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that rise due to fraud can be harder to detect than these that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Christopher Morgans BA ACA (Senior Statutory Auditor)

For and on behalf of Sage & Company Business Advisors Ltd, Statutory Auditor

Chartered Accountants 102 Bowen Court St Asaph Business Park St Asaph Denbighshire LL17 0JE 17 October 2025

Sage & Company Business Advisors Ltd is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025		 Unrestricted Unrestricted
Restricted
Total
Unrestricted Unrestricted
Restricted
Total
funds
funds
funds
funds
funds
funds
designated
designated
2025
2025
2025
2025
2024
2024
2024
2024
Notes
£
£
£
£
£
£
£
£
Income from:
Donations and legacies
6
222,468
-
1,904,020
2,126,488
210,719
500
1,096,500
1,307,719
Charitable activities
3
20,648
-
-
20,648
16,640
-
950
17,590
Other trading activities
4
-
-
-
-
-
433
-
433
Investments
5
2,515
-
-
2,515
2,000
-
-
2,000
Total income
245,631
-
1,904,020
2,149,651
229,359
933
1,097,450
1,327,742
Expenditure on:
Raising funds
7
12,326
-
-
12,326
9,712
-
-
9,712
Charitable activities
8
166,547
-
1,885,725
2,052,272
188,816
1,425
1,097,611
1,287,852
Total expenditure
178,873
-
1,885,725
2,064,598
198,528
1,425
1,097,611
1,297,564
Net income
66,758
-
18,295
85,053
30,831
(492)
(161)
30,178
Transfers between funds
15
54,144
(539)
(53,605)
-
14,184
-
(14,184)
-
Net movement in funds
12
120,902
(539)
(35,310)
85,053
45,015
(492)
(14,345)
30,178
Reconciliation of funds:
Fund balances at 1 April 2024
478,611
539
57,362
536,512
433,596
1,031
71,707
506,334
Fund balances at 31 March 2025
599,513
-
22,052
621,565
478,611
539
57,362
536,512

NEWVOL OPERATING AS DENBIGHSHIRE VOLUNTARY SERVICES COUNCIL STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

Notes
Fixed assets
Intangible assets
16
Property, plant and equipment
17
Current assets
Trade and other receivables
18
Cash at bank and in hand
Current liabilities
19
Net current assets
Total assets less current liabilities
Non-current liabilities
20
Net assets
Income funds
Restricted funds
22
Unrestricted funds-general
Designated funds
23
General unrestricted funds		 2025
£
121,761
544,528
666,289
(64,419)
-
599,513		 £
600
21,706
22,306
601,870
624,176
(2,611)
621,565
22,052
599,513
621,565		 2024
£
54,427
471,399
525,826
(17,697)
539
478,611		 £
1,200
32,405
33,605
508,129
541,734
(5,222)
536,512
57,362
479,150
536,512

NEWVOL OPERATING AS DENBIGHSHIRE VOLUNTARY SERVICES COUNCIL STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 17 October 2025

S Wilson

Trustee

Company registration number 3132487

NEWVOL OPERATING AS DENBIGHSHIRE VOLUNTARY SERVICES COUNCIL STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2025

Notes
Cash flows from operating activities
Cash generated from operations
30
Investing activities
Purchase of property, plant and equipment
Investment income received
Net cash generated from investing
activities
Net cash used in financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2025
£
(1,026)
2,515		 £
71,638
1,489
-
73,127
471,401
544,528		 2024
£
(1,416)
2,000		 £
78,730
584
-
79,314
392,087
471,401

FOR THE YEAR ENDED 31 MARCH 2025

NEWVOL OPERATING AS DENBIGHSHIRE VOLUNTARY SERVICES COUNCIL NOTES TO THE FINANCIAL STATEMENTS

1 Accounting policies

Charity information

NEWVOL is a private company limited by guarantee incorporated in England and Wales. The registered office is Naylor Leyland Centre, Well Street, Ruthin, LL15 1AF.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's Memorandum of Association, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income generated from charitable activities is recognised upon receipt. Investment, membership and other income are recognised on an accruals basis. Income is deferred only when income is received in advance at the year end and the performance criteria relates to a future accounting period.

In accordance with the Charities SORP (FRS 102), the economic contribution of volunteers is not recognised in the financial statements. Further details of the contribution made by volunteers can be found in the Trustees Report.

NEWVOL OPERATING AS DENBIGHSHIRE VOLUNTARY SERVICES COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure on charitable activities is recognised once there is a legal or constructive obligation committing charity to the expenditure. Contractual arrangements are recognised as goods and services are supplied. Expenditure is classified under the following activity headings:

1.6 Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Website Straight line over 4 years

1.7 Property, plant and equipment

Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements Straight line over 7 years Computers Straight line over 3 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.8 Impairment of non-current assets

At each reporting end date, the charity reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

NEWVOL OPERATING AS DENBIGHSHIRE VOLUNTARY SERVICES COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

1.10 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including trade and other payables and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Income from charitable activities

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2025 2025 2025 2024 2024 2024
£ £ £ £ £ £
Other income 20,648 - 20,648 16,640 950 17,590

NEWVOL OPERATING AS DENBIGHSHIRE VOLUNTARY SERVICES COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

4 Income from other trading activities

Unrestricted Unrestricted
funds funds
designated designated
2025 2024
£ £
Letting and licensing arrangements - 433
5 Income from investments
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Interest receivable 2,515 2,000

6 Donations and legacies

Unrestricted Unrestricted
Restricted
funds
funds
funds
general
£
£
£
Donations and gifts
25
-
-
Grants receivable
222,443
-
1,904,020
222,468
-
1,904,020
For the year ended 31 March 2024
210,719
500
1,096,500
Donations and gifts
Other
25
-
-
25
-
-
Grants receivable for core activities
WCVA
222,443
-
16,114
Denbighshire CC
-
-
391,801
Betsi Cadwaladr
-
-
61,940
Albert Gubay Foundation
-
-
42,333
Gwynedd CC
-
-
1,391,832
222,443
-
1,904,020		 Total
2025
£
25
2,126,463
2,126,488
25
25
238,557
391,801
61,940
42,333
1,391,832
2,126,463		 Total
2024
£
500
1,307,219
1,307,719
1,307,719
500
500
206,702
294,403
40,456
23,373
742,286
1,307,220

NEWVOL OPERATING AS DENBIGHSHIRE VOLUNTARY SERVICES COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

7 Expenditure on raising funds

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Trading costs
Depreciation and impairment 12,326 9,712

NEWVOL OPERATING AS DENBIGHSHIRE VOLUNTARY SERVICES COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

8 Charitable activities

Staff costs
Staff travelling expenses
Volunteer expenses
Printing, stationery & photocopying
Computer running expenses
Telephone
Advertising/promotion
Insurance
Rent & premises
Subscriptions
Translation
Maintenance & repairs
Professional fees
Meeting/training/seminar expenses
Trustee expenses
Project costs
Grant funding of activities (see note 10)
Share of support costs
Share of governance costs
Analysis by fund
Unrestricted funds - general
Restricted funds
For the year ended 31 March 2024
Unrestricted funds - general
Unrestricted funds -
Restricted funds		 2025
£
279,950
3,709
470
5,665
10,060
2,605
7,024
1,522
12,789
295
2,809
5,115
18,454
20,447
31
39,160
410,105
1,475,930
156,330
9,907
2,052,272
166,547
1,885,725
2,052,272		 2024
£
266,744
2,986
994
1,175
7,620
2,552
3,939
1,500
11,179
237
1,862
5,490
4,969
11,954
63
37,095
360,359
786,728
131,735
9,030
1,287,852
188,816
1,425
1,097,611
1,287,852

9 Trustees

Expenses totalling £34 (2024 - £29) were reimbursed to 1 (2024 - 1) trustees.

None of the trustees (or any persons connected with them) received any other remuneration or benefits from the charity during the year.

NEWVOL OPERATING AS DENBIGHSHIRE VOLUNTARY SERVICES COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

10 Grants payable

Grants to individuals (sorted by project):
Gwirvol Youth
Shared Prosperity Fund
DCC Volunatary Organisations
Welsh Churches
Croeso Cynnes
RIF DAC
Loneliness & Social Isolation
Lottery Young Dragons
Cogog Grant Schemes		 2025
£
9,750
1,158,780
75
11,917
61,184
20,902
-
252
213,070
1,475,930		 2024
£
7,804
578,874
130,976
5,291
-
40,804
22,727
252
-
786,728

During the year, Denbighshire Voluntary Services Council was given the task of distributing grant monies on behalf of other organisations, as detailed above. The monies received for distribution is not income of Denbighshire Voluntary Services Council. A management charge was levied to the relevant organisation for this service.

11 Employees

The average monthly number of employees/DVSC associates during the year was:

The average monthly number of employees/DVSC associates during the year was:
Employment costs
Wages and salaries
Other pension costs		 2025
Number
10
2025
£
342,522
25,382
367,904		 2024
Number
10
2024
£
304,654
22,696
327,350

DVSC also has 28 (2024 - 35) regular volunteers, including the trustees.

There were no employees whose annual remuneration was more than £60,000.

NEWVOL OPERATING AS DENBIGHSHIRE VOLUNTARY SERVICES COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

11 Employees

(Continued)

Remuneration of key management personnel

The remuneration of key management personnel was as follows:

Remuneration of key management personnel
The remuneration of key management personnel was as follows:
Aggregate compensation
12
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Fees payable for the audit of the charity's financial statements
Depreciation of owned property, plant and equipment
Amortisation of intangible assets		 2025
£
59,145
2025
£
4,954
11,726
600		 2024
£
56,492
2024
£
4,515
9,112
600

13 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

14 Support costs


Staff costs
Accountancy fees
Book-keeping fees
Bank charges
Other support costs
Audit and accountancy
fees
Analysed between
Charitable activities		 Support
costs
Governance
costs
£
£
88,554
-
9,770
-
5,998
-
152
-
51,857
-
-
9,907
156,331
9,907
156,331
9,907		 2025
£
88,554
9,770
5,998
152
51,857
9,907
166,238
166,238		 Support
costs
Governance
costs
£
£
86,538
-
8,527
-
5,720
-
146
-
30,804
-
-
9,030
131,735
9,030
131,735
9,030		 2024
£
86,538
8,527
5,720
146
30,804
9,030
140,765
140,765

15 Transfers

Transfers relate to the transfer of fixed assets and the management fee from each restricted fund to the unrestricted, core fund.

NEWVOL OPERATING AS DENBIGHSHIRE VOLUNTARY SERVICES COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

16 Intangible fixed assets

Cost
At 1 April 2024 and 31 March 2025
Amortisation and impairment
At 1 April 2024
Amortisation charged for the year
At 31 March 2025
Carrying amount
At 31 March 2025
At 31 March 2024		 Website
£
2,400
1,200
600
1,800
600
1,200

17 Property, plant and equipment

17
Property, plant and equipment
Leasehold
improvements
£
Cost
At 1 April 2024
63,781
Additions
-
At 31 March 2025
63,781
Depreciation and impairment
At 1 April 2024
34,581
Depreciation charged in the year
9,112
At 31 March 2025
43,693
Carrying amount
At 31 March 2025
20,088
At 31 March 2024
29,199
18
Trade and other receivables
Amounts falling due within one year:
Trade receivables
Prepayments and accrued income		 Computers
£
16,287
1,026
17,313
13,081
2,614
15,695
1,618
3,206
2025
£
61,091
60,670
121,761		 Total
£
80,068
1,026
81,094
47,662
11,726
59,388
21,706
32,405
2024
£
24,699
29,728
54,427

NEWVOL OPERATING AS DENBIGHSHIRE VOLUNTARY SERVICES COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

19
Current liabilities
2025
Notes
£
Other taxation and social security
-
Government grants
21
47,713
Trade payables
5,313
Other payables
1,892
Accruals and deferred income
9,501
64,419
20
Non-current liabilities
2025
Notes
£
Government grants
21
2,611
21
Government grants
2025
£
Deferred income is included within:
Current liabilities
47,713
Non-current liabilities
2,611
50,324
Movements in the year:
Deferred income at 1 April 2024
12,831
Released from previous periods
(1,148,112)
Resources deferred in the year
1,185,605
Deferred income at 31 March 2025
50,324		 2025
£
-
47,713
5,313
1,892
9,501
64,419		 2024
£
(3,279)
7,609
1,554
1,776
10,037
17,697
2024
£
5,222
2024
£
7,609
5,222
12,831
24,484
(840,148)
828,495
12,831
ds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may
Restricted funds The restricted fun be used.
22
Movement in funds
Movement in funds		 Balance at
Incoming
Resources
Transfers
Balance at
Incoming
Resources
Transfers
Balance at		 1 April 2023
resources
expended
1 April 2024
resources
expended
31 March 2025		 £
£
£
£
£
£
£
£
£		 Welsh Churches
5,513
9,443
(5,290)
-
9,666
9,807
(11,917)
-
7,556		 Loneliness & Social Isolation
-
22,727
(22,727)
-
-
-
-
-
-		 Gwirvol Youth
1,944
6,650
(7,804)
(790)
-
10,502
(9,750)
(752)
-		 Lottery Young Dragons
504
-
(252)
-
252
-
(252)
-
-		 BCU Health & Wellbeing
14,212
41,405
(39,005)
(2,700)
13,912
51,940
(54,823)
(1,464)
9,565		 RIF DAC
5,475
120,589
(117,991)
(8,073)
-
120,589
(106,734)
(10,963)
2,892		 Foundation Economy
287
-
-
(287)
-
-
-
-
-		 Food For Life
7,880
-
-
-
7,880
-
-
(7,880)
-		 British Science Association
500
-
500
-
-
(500)
-		 Community Facilities
1,249
-
-
-
1,249
-
-
(1,249)
-		 Albert Gubay Foundation
-
23,373
(23,373)
-
-
42,333
(31,091)
(9,340)
1,902		 DCC Voluntary Organisations
-
130,976
(128,642)
(2,334)
-
-
-
-
-		 Croeso Cynnes
-
-
-
-
-
67,721
(61,184)
(6,537)
-		 ICF Capital
24
-
24
-
(24)
-
-		 Social Supermarket
34,119
(11,252)
-
22,867
-
-
(22,867)
-		 Shared Prosperity Fund
-
742,287
(741,275)
-
1,012
1,391,580
(1,390,962)
(1,493)
137		 Cogog Grant Scheme
-
-
-
-
-
117,485
(134,756)
17,271
-		 Cogog Capital Grant Scheme
-
-
-
-
-
86,146
(78,315)
(7,831)
-		 WCVA for Safeguarding
-
-
-
-
-
5,917
(5,917)
-
-		 71,707
1,097,450
(1,097,611)
(14,184)
57,362
1,904,020
(1,885,725)
(53,605)
22,052

Restricted funds
(Continued)		 Welsh Church Acts – Provision of grant funding for community groups in Denbighshire under the themes of: Relating to or based in church run premises, Dementia, loneliness and isolation, Promoting wellbeing (Being aware, Connecting, Exercising, Learning, Giving Back) and Supporting people with learning disabilities. Loneliness & Social Isolation - DVSC worked in partnership with Denbighshire County Council and Welsh Government to make available this grant scheme linked to the Welsh Government’s strategy for tackling loneliness and social isolation and building stronger social connections. the Welsh Government’s strategy for tackling loneliness and social isolation and building stronger social connections. Gwirvol Youth– This made grants around the provision of youth led volunteering projects and activities in Denbighshire under the themes of: Early Years, Better Mental Health, Housing, Skills and Employability and Social Care. Lottery Young Dragons– this funding assisted the creation of a new steering group and improving the networking opportunities across for Wales for the involvement of young people. BCU Health & Wellbeing – The overall objective of our longstanding partnership with the Health Board is to facilitate effective working practices and relationships with Third Sector organisations as part of the health and wellbeing agenda, specifically promoting Third Sector services to those working in health, social care and wellbeing. RIF DAC (Dementia Aware Community Led Programme) - Enabled through Welsh Government funding (formerly ICF, now RIF) to support communities to generate and transfer awareness around dementia into community led action. Foundational Economy- Welsh Government funded programme based around social enterprise development and set up, that supported the development of the Ruthin Market Hall project. Ruthin Market Hall project. Food For Life- this was a 3-year funded programme where DVSC was awarded funding as a Local Partner in the Food for Life Programme.
Note, the balance on this		 fund was transferred into the Cygog Grant Scheme fund account, as this project was completed as part
of the Cygog Grant Schem
e.		 British Science Association– we had funding to run a series of science themed workshops as part of our Open Doors programme. This project was completed and the balance remaining on the fund transferred into General Funds. Community Facilities– This funding helped us to redecorate the interior and exterior of the Naylor Leyland Centre. This project was completed and the balance remaining on the fund transferred into General Funds. Croeso Cynnes- DVSC is working with Denbighshire County Council to distribute available funding from the UK Shared Prosperity Fund in Denbighshire. The funding will provide additional support to Warm Hubs projects to further support people at risk of fuel poverty and the ongoing cost of living crisis. The venues are intended as locations in the local community where people can find a safe, warm and welcoming environment during the day, to expand capacity to welcome people in, and to provide additional activities. ICF Capital– We had funding for weighted blankets to distribute throughout Denbighshire at the Winter Wellbeing Events. We have had requests for support from adults and children living with sensory over responsivity including those with ADHD, those living with dementia, individuals living with a psychiatric disorders and those on the autistic spectrum who have been told of the benefits of using a weighted blanket.
22
Restricted funds
(Continued)		 Social Supermarket- DVSC is one of the founding partners of Cogog, the Denbighshire social supermarket project, in partnership with Denbighshire County Council, Betsi Cadwaldr Health Board, South Denbighshire Community Partnership, and others. As well as managing a fund made available by Betsi Cadwaladr University Health Board to deliver projects, DVSC has helped develop a waste food based ready meal service in the South of the county as well as deliver cookery classes for parents and children in Ruthin, and develop the Community Fridge in the Ruthin Market Hall. The purpose of this project is to: �
Establish a mobile food delivery service in 13 rural villages in South Denbighshire, enabling accessibility to affordable, nutritious meals, whilst also minimising		 food waste. �
Create a minimum of 3 distribution points across Denbighshire covering North, Mid and South, having fridges stocked with nutritious ready-made meals to be		 purchased at an affordable subsidised rate. �
Work with Public Health Wales for the educational courses, cooking skills, confidence building and knowledge, that will bring about the behavioural change to		 address obesity and incidence of life limiting health conditions. Note, the balance on this fund was transferred into the Cygog Grant Scheme fund account, as this project was completed as part of the Cygog Grant Scheme. Albert Gubay Foundation- A school social enterprise project running over a 2 year period. Shared Prosperity Fund- A project to support organisational sustainability within the third sector in Denbighshire. DCC Voluntary Organisations- DVSC worked with Denbighshire County Council to modernise and manage an existing grant programme for 3rd sector organisations mainly delivering social care.

NEWVOL OPERATING AS DENBIGHSHIRE VOLUNTARY SERVICES COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

23 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 April Incoming Resources Transfers At 31 March
2024 resources expended 2025
£ £ £ £ £
Market Hall 539 - - (539) -
General funds 478,611 245,631 (178,873) 54,144 599,513
479,150 245,631 (178,873) 53,605 599,513
Previous year: At 1 April Incoming Resources Transfers At 31 March
2023 resources expended 2024
£ £ £ £ £
Market Hall 1,031 933 (1,425) - 539
General funds 433,596 229,359 (198,528) 14,184 478,611
434,627 230,292 (199,953) 14,184 479,150

In 2020 an arrangement was entered into with Denbighshire County Council to repurpose Ruthin Market Hall as a social enterprise market and event space. Through the support of a Community Renewal Fund (CRF), in partnership with Cadwyn Clwyd, the project was successfully completed and in December 2022 was spun out to Ruthin Artisans Markets CIC to manage. Whilst standing back from the daily operations of the venture the Trust will continue to monitor the future activities to ensure they remain consistent with the objectives as agreed with Denbighshire County Council.

Total 2024 £ 1,200 32,405 508,131 (5,222) 536,514
Restricted funds 2024 £ - - 57,649 - 57,649
Designated funds 2024 £ - - 539 - 539
Core 2024 £ 1,200 32,405 449,943 (5,222) 478,326
Total 2025 £ 600 21,706 601,870 (2,611) 621,565
Restricted funds 2025 £ - - 22,052 - 22,052
Designated funds 2025 £ - - - - -
Core 2025 £ 600 21,706 579,818 (2,611) 599,513
Analysis of net assets between funds Fund balances at 31 March 2025 are represented by: Intangible fixed assets Property, plant and equipment Current assets/(liabilities) Long term liabilities
24

NEWVOL OPERATING AS DENBIGHSHIRE VOLUNTARY SERVICES COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

25 Retirement benefit schemes

Retirement benefit schemes
2025 2024
Defined contribution schemes £ £
Charge to profit or loss in respect of defined contribution schemes 25,382 22,696

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

26 Related party transactions

Remuneration of key management personnel

The remuneration of key management personnel was as follows:

Aggregate compensation
Transactions with related parties		 2025
£
59,145		 2024
£
56,492

The following related party transactions took place during the year:

Book of You CIC: current Chief Officer was a director until 5 April 2022, and their partner was a Director until 31 March 2025

Payments of £1,500 (2024: £17,263), and receipts of £nil (2024: £80).

NEWCIS: current Trustee was a director. Payments of £44,890 (2024: £42,717), and receipts of £48 (2024: £192).

The Willow Collection CIC: current employee was a director until 7 February 2023. Payments of £33,380 (2024: £27,865).

The Step Up Hub: a current Trustee is a director. The Step Up Hub invoiced the charity £127 for mileage during the year.

All transactions took place at arms length.

There were no outstanding balances due from related parties as at the year end (2024: £Nil).

NEWVOL OPERATING AS DENBIGHSHIRE VOLUNTARY SERVICES COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

27 Operating lease commitments

Lessee

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Within one year
Between two and five years		 2025
£
5,500
4,125
9,625		 2024
£
5,500
9,625
15,125

28 Auditors Ethical Standards

The relevant circumstances requiring disclosure in accordance with the requirements of APB Ethical Standard - Provisions Available for Small Entities are that, in common with many charities of our size and nature, we use our auditors to assist with the preparation of the accounts.

29 Analysis of changes in net funds

The charity had no material debt during the year.

30 Cash generated from operations 2025 2024
£ £
Surplus for the year 85,053 30,178
Adjustments for:
Investment income recognised in statement of financial activities (2,515) (2,000)
Depreciation and impairment of property, plant and equipment 12,326 9,712
Movements in working capital:
(Increase)/decrease in trade and other receivables (67,337) 51,463
Increase in trade and other payables 6,618 1,030
Increase/(decrease) in deferred income 37,493 (11,653)
Cash generated from operations 71,638 78,730

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