**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:
- Volunteering
- Good Governance
- Sustainable Funding
- Influencing & Engagement
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.
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## **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:
- organised three volunteer fairs across the County (Denbigh, Rhyl & Llangollen) and three VIO (Volunteering Involving Organizations) networking events
- Collaborated with volunteer-led organisations to raise awareness of their work
- Organised a Volunteer Awards ceremony
- Created ‘Spotlight’ awareness campaigns
- Supported volunteers with barriers to participation towards rewarding opportunities.
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## **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.
- **Dementia Aware Community Led Grant** . 11 projects were funded, totalling £20,902, from 15 applicants, including singing, movement, sport, intergenerational and reminiscence activities.
- **Welsh Church Act Grant** - 26 successful projects funded from 60 applicants across Denbighshire, totalling 11,917. This year, the Welsh Church Act Grant funded a variety of different projects, from wellbeing sessions with survivors of sexual abuse, to animal therapy for young people to support their mental health.
- **Youth Led Grant** . The youth-led panel made 7 successful grants totalling £9,750, from a total of 17 applications from engagement with Esports, to litter picks by young people on the River Dee.
- -
- **Croeso Cynnes Grant** Denbighshire County Council and Betsi Cadwaladr Health Board worked with DVSC to continue to run a grant to support Warm Spaces. 18 projects were funded, totalling £61,184, from 39 applications. Projects included drop in sessions for a new Community Cinema in Rhyl, and Warm Welcome befriending events in a rural part of the Dee Valley.
- DVSC worked in partnership with Denbighshire County Council to deliver the **Cogog Food Poverty Grant** . 25 revenue projects were funded, totalling £134,756, and 19 capital projects amounting to £78,315 were funded from a total of 26 applicants. Projects included campfire cooking sessions, and educating young people about hydroponic food production.
## 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.
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## **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:
- Conwy and Denbighshire Public Service Board
- Conwy and Denbighshire Area Integrated Service Board
- Denbighshire Integrated Service Forum
- Denbighshire Pan Cluster Planning Group
…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.
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## **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:
- 46 Dementia Friends Sessions to groups and the public
- Creating a total of 570 Dementia Friends
- Continued to support the rollout of the accreditation scheme to succeed the Alzheimer's Society ‘Dementia Friendly Communities’ scheme for North Wales, in partnership with the North Wales Regional Partnership Board.
- Organised 4 bi-monthly online Dementia Aware Denbighshire Network meetings with a range of guest speakers including the Community Rail Ambassador and the Central BCUHB Falls Lead, with 56 people attending.
- We ran a face-to-face DAD Conference in Faenol Fawr, Bodelwyddan in March which was open to all and extremely well attended by professionals, members of the public, people living with dementia, and carers.
## 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.
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## **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:
- Redundancy payments
- Salary in lieu of notice and other monies agreed as owed to staff.
- salary running costs (for the core team) ideally not less than 3 months;
- overheads/running costs ideally of not less than 3 months;
- funds set aside for servicing any long-term contracts;
- the cost of repairs to the building due to repairing lease;
- sufficient funds to cover any deficit in resources for restricted projects, and to provide for the potential risk of funding being reclaimed;
- grant funds (restricted income) held in reserve until the grants are approved and disbursed;
## 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.
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## **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.
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## **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
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## **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:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
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.
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## **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).
- In our opinion, the financial statements:
- give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming resources and application of resources, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **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:
- the information given in the financial statements is inconsistent in any material respect with the trustees' report; or
- sufficient accounting records have not been kept; or
- the financial statements are not in agreement with the accounting records; or
- we have not received all the information and explanations we require for our audit.
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## **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;
- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
- we identified the laws and regulations applicable to the company through discussions with directors and other management;
- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and employment legislation;
- we assessed the extent of compliance with the laws and regulations identified above through enquires of management and inspecting legal correspondence; and
- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance through the audit.
We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
- making enquires of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud;
- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations; and
- understanding the design of the company's remuneration policies.
To address the risk of fraud through management bias and override of controls, we:
- performed analytical procedures to identify any unusual or unexpected relationships;
- tested journal entries to identify unusual transactions;
- assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and
- investigated the rationale behind significant or unusual transactions.
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## **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:
- agreeing financial statement disclosures to underlying supporting documentation; and
- enquiring of management as to actual and potential litigation and claims.
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.
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##
|**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|
|---|---|---|---|---|
- 15 -
## **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**
- 16 -
## **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|
- 17 -
_**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.
- 18 -
## **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:
- Expenditure on charitable activities includes all activities undertaken to further the purposes of the charity and their associated support costs.
- Governance costs include those incurred in the governance of the charity and its assets and are primarily associated with constitutional and statutory requirements.
- Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources; this is done on the basis of staff time attributed to each activity cost category.
## **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.
- 19 -
## **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|
- 20 -
## **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|
- 21 -
## **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|
- 22 -
## **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.
- 23 -
## **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.
- 24 -
## **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|
- Governance costs includes payments to the auditors of £9,907 (2024 £9,030) for audit and accountancy fees.
## **15 Transfers**
Transfers relate to the transfer of fixed assets and the management fee from each restricted fund to the unrestricted, core fund.
- 25 -
## **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|
- 26 -
## **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|
|---|---|---|
||||
- 27 -
||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.
- 31 -
||**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).
- 33 -
## **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|
- 34 -
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**Document ID** 30e10000-c36d-b2b2-827f-08de204f1bb5 **Document Bundle ID** 30e10000-c36d-b2b2-1d78-08de204f1b87 **Uploaded to FuseSign** 2025-11-10 12:50 +01:00 **FuseSign subscriber** Sage & Company Chartered Accountants **Initiator email** caitlin.allen@sageco.co.uk **Signed by** Sandra Wilson (sandra@dvsc.co.uk) **System finalisation** 2025-11-14 09:41 +01:00 **Verify URL** https://app.fuse.work/fusesign/verify/30e10000-c36d-b2b2-827f-08de204f1bb5
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|2025-11-14 09:41 +01:00|SANDRA WILSON|DOCUMENT SIGNED: FINAL AUDITED ACCOUNTS (FOR APPROVAL) YE 31|
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|2025-11-14 09:41 +01:00|SANDRA WILSON|DOCUMENT SIGNED: FINAL AUDITED ACCOUNTS (FOR APPROVAL) YE 31|
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|2025-11-14 09:41 +01:00|SANDRA WILSON|DOCUMENT SIGNED: FINAL AUDITED ACCOUNTS (FOR APPROVAL) YE 31|
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