REGISTERED COMPANY NUMBER: 03330062 (England and Wales) REGISTERED CHARITY NUMBER: 1061713 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR COAST AND VALE COMMUNITY ACTION
COAST AND VALE COMMUNITY ACTION CONTENTS OF THE FINANCIAL STATEMENTS For The Year Ended 31 Morch 2024 Page Report ol the Trustees I to 10 R•port ol the Independent Audllors 11 to 13 Slatement of Flnanclal Acllvlffes 14 Balance Sheet 15 Cash Flow Statement 16 Nole$ to the Cash Flow Stalement 17 Notes to the Financlal Slalements 18 to 32
COAST AND VALE COMMUNITY ACTION REPORT OF THE TRUSTEES For The Year Ended 31 MCh 2024 The Iruslees who are also direclors of the charily for the purposes of the Companies Acl 2CY)6, present their report wilh the financial statements of the charity for the year ended 31 March 2024. The trustees have odopled the provisions of Accounling and Reporting by Charities: Statement of Recommended Proclice opplicoble lo charities preporing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191. Page I
COAST AND VALE COMMUNITY ACTION REPORT OF THE TRUSTeES For The Year Ended 31 March 2024 OBJECTIVES AND ACTIVITIES Objeclives and alms The Charifable Objects of Coast and Vale Community Action, as om&nded in March 2019. are to promote any Chorilable Purposes for the benefil of Ihe public, principally. but not exclusively. on the Yorkshire Coost and Rurol Hinterfand of the Borough of Scarborough and District of Ryedale in the Counly of North Yorkshire. and in the East Riding of Yorkshire Ihereinafter called the areo of benefit), and in particular by: Building the capacity of local people and groups in such a way thal they are better able to identify and help meet their own needs, and porlicipate more fully in sociely. Promoting urban, rural and coostol regeneration through: - The provision of enterprise advice ond consultancy - The provision of workspace, buildings and l or land on favovrable terms The provision of community. cullurol, social. recreotional and leisure facilities. octivilies andlor centres for community use,. and - Such other mean5 05 moy from time lo time be detennined. subject to the priorwrilten consenl of the Charity Commission for England and Woles In furtherance of the above Objecls. the Charity may assist other organisclions estcblished for the benefit of said communities and promote co-operotion and partnership w01ng between all sectors in the achievement of Ihe above purposes within the area of benefit. Our Strategic Vision is of thriving communities which are independent, entrepreneurial ond connected. Our Mission is: lo acl as a cotalyst for the support, developmenl and empowerment of communities; to support individua5s and communities to have an increased sense of collective agency and power and; lo promote co-operation and Ihe achievement of common goals to improve quality of community life forall. Coost ond Vale Community Aclion is committed fo developing the local and social economy in the following ways- Supporting local and Social innovation and enteTprise, and building the capacity of local communities solutions lo locally identified need5-, Enabling collective voice and ogency, bringing people together to explore. discuss and toke collective action on local i55ues and; Enabling access to facilities, resources and services for the benefit of communities OurwoTk folls into key delivery areas which support our belief that Peopl6 and Places Matler: People and Communities Facilities and Resources Coast and Vale Community Action operate5 os a charitable community enterortse, 5UPPOrting ond developing community led solutions lo locolly identified needs, delivering communily conversations. community projects and other setvices including information, support and networking; and providing managed work ond meeting spoce for VCSE organisations, public bodies and SMES and community facilities including a music studio, climbing woll. evenl space and studios at The Streel, Scarborough, Green Lone Centre, Whitby and the Hungale Centre, Pickering. Page 2
COAST AND VALE COMMUNITY ACTION REPORT OF THE TRUSTEES For The Year Ended 31 March 2024 The overarching Strategic Aims of Coast and Vale Commvnily Action are: Slralegic Objectlve One - People and Communllles Collaborollon, colleclfve agency and shared power . better connected, inflvenflol and engaged people and commvnltles To lead, facilitate and support communication, netWOTking ond partnership working between local people and Iheir comrnunities To a5SlSt individuals. communities and local organisalions in working logefher to develop shored resources. approaches and 51rategic influence To promote and focililote social ond community action and innovalion, lo build the community appetite and copocity for the self-delivery of community owned solutions Straleglc Objeclfve Two - Facllltles. Resources and Servlces Better equlpped. resourced and supported people and cornmunllles To provide high qualily managed workspace and other communily venues to enable local, social and community oction and enlerprise activity To assist Ihe further development of community owned and managed assets and services To actively seek out and access addilional resources to support and enoble community aclivity To assist in the development of Ihriving communities through the direct delivery of community support initiatives Foundallon Objective - Volues. vlslon ond flnonclal self-sufflclency CQVCA 1$ an Indep•ndenl. sustalnable and reslllent commvnlty cotalyst To ensure Ihat CaVCA 15 fit for purpose, recognised as the community catalyst organisation for the beneficiol area and able to demonstrate quality and impoct of provision To further develop ond maintain 5UStainable funding streams through eomed income Page 3
COAST AND VALE COMMUNITY ACTION REPORT OF THE TRVSTEES For The Year Ended 31 March 2024 ACHIEVEMENT AND PERFORMANCE Charitoble octlvllles The moin oreas of chorilable activity undertaken by Coast and Vale Community Action to fulfil the above objectives are.. Stroteglc Objective One - People and Communllles Collaboratlon, collecffve agency and shared power . better connected. influentlal and engaged people and communllles To lead, facilitale ond support communicotion, networking and partnership w01ng between local people and their communities To assist individuals, communities and local organisations in working together to develop shored resources, approaches and stralegic influence To promote and facilitate social and community action and innovation. to build the community appetite and capacity for the self-delivery of community owned solution5 We have conlinued to pilot the Communily Research Network on the coast to enoble a different type of conversation with our communities. The CRN supports o core port of our work which inlend5 lo bllng people together to share views and issues, identify common solutions. and build sustoinoble peer support nelwork5 in and between communilies. We have conlinued to host 'Finding Our Voice, events aimed at helping local people lo identify and articulate the issues that are important to them 05 well os to stimulate new community and social oction. CaVCA has also continued to facilitate the local Community Collective. a forum of leaders of Iccal voluntary and community sector organisotions, which provides peer support, collaboration opportunities and helping fo ensure that locol voices are heard within new health 51ructures, the new unitary authority. North Yorkshire Council, and the Combined Moyoral Authority. We hove supported a range of activities as port of the Great Big Green Week and will continue to help communities to tockle the chollenges crealed by climale change; we have workeé wilh a ronge of partners to explore issues sUound1ng posl-covid communities. cost of living increases, environmental change. waste and reuse and so on. This has been further strengthened by o grant from the Heritage Lottery Fund for our two yaar'wasle Not Want Not, initiative. CaVCA Consultancy has also seen us supporting o ronge of organisotions in oreas such as osset transfer, funding strategy, business planning, succession planning, markeling and communications and so on. This work both enables the sustainability of COVCA whilst also supporting a thriving local and social seclor on the Coasl. We have continued to develop the profile of indoor climbing locally. building on the climbing community which uses our Climbing Woll al the Streef our committed climbing community is keen lo see the expansion of the local indoor climbing offer in order to meet the growing need for climbing locally, and we ore working on an investment plan and various profile and fundr0i5ing activitie5. We held 0 24 hour climbathon in July 2023 to raise funds and the profile of local climbing, and we began to explore the possibilify of exponding clim bing wilhin the Streel. rather than looking for a new building. With this in mind we secured funding from Sport England lo ollow us to employ a part time climbing development wotker to support the management team and the climbing community in developing the project. Since the year end, we have secured the funding required and commissioned the new installation from Kong Climbing. We have continued to support the work of the Scarborough Business Ambassadors and its drive lo raise aspiralion5 and increase opportunities locolly, and we also represent the community on the Scarborough Fair Steering Group ond hold a place on the Scorborough Fund panel. We also represent COVCA on the Seechange partnership which is o cross sector portnership exploring health inequalities. We olso attend the county wide VCSE Leaders Group to ensure we are up to date wilh new developments impacting upon our sector and its delivery. Page 4
COAST AND VALE COMMUNITY ACTION REPORT OF THE TRUSTEES For The Year Ended 31 March 2024 Slralégic Objecttve Two - Facilities, Resources and SeNlce$ Better equlpped, resourced and supported people and communllles To provide high quolity managed workspace and other community venues to enable local. social and community action and enlerprise activity To ossisl the further development of community owned and managed assets and services To octively seek out and access additional resources to support and enable community aclivity To assist in the development of Ihriving communities through the direct delivery of community support initiatives During the year we hove continued to operate our portfolio of community a5sels benefiting over 100 tenants and l OOOS of sessional users over the period of Ihe review. We have developed a new co-working space wilhin the Street, Scorborough Works @ The Street. which provides comfortable friendly drop-in work space for those small businesses and sole Iraders who do not have dedicoled office Space but feel they would benefit from working some, or oll. ot the time amongst a work community. As staled above, we have li51ened Io QLJr climbing communily, and are expanding the facilities at the Street to include 8 new 12m climbing lines in the current reception area and o bouldering / conditioning suite on the lop floor. This will include some remodelling of the building which we believe will have multiple benefits to Ihe orgonisation, not least in creoling a new, cosier and more welcoming reception facility. We have continued to operote Green Lane Centre in Whitby and The Hungate Cenlre in Pickering. Trustees determined to sell Church Housa on Flowergate in Whilby as the rother dated building wa5 considered to no longer be fit for purpose as a community sector hub as it required extensive investment. The building sole completed just before year end, with trustees investing the proceeds in charitable delivery and a55et maintenance. Additionally, CaVCA delivers seNice5 where we are Ihe best-placed organisation to do so, ond where there ore no altemative providers availobl& locally. This has involved us in the following initiatives during the 2023-24 financial year.. Social prescribing we hove continued lo work in partnership with the Whitby Coast and Moor5 Primory Care Network to provide a social prescribing seNice for the Whitby areo. We currently have Iwo full time community link worker5 working with an active caseload of approxmofely 50 patients at any one time. We are experiencing high levels of refeffals, mony of whom hove complex needs and the team hove developed effective partnership working wilh other services to ensure presenting issues can be resolved in order that potients can be assisted to lake Iheir own aclions to improve health and wellbeing. Eady years / pre-school work- during the period of this review we have continued to deliver We Are Family. thanks to support from the Masonic Charilable Foundation. This has enabled us to deliver slay and play sessions for families wilh pre-school children across the coast. These sessions create friendships and mutual support networks. 'normalise' asking for support and provide practical tips on ploying, child development and supporting school readiness. We have also been delivering Children'5 University locally thanks to an initial donation from the Opportunity Areo, ond intensive fundraising throughout the year from local businesses which has allowed for the programme to continue. Children's University broadens children's horizons by rewarding their extra Cu1cular activity. allowing them to eam 'hours' which contribule towards their graduotion ol the end of Year 6. Almost 200 children 'graduate' each year and evidence shows thot participation in Children's University builds aspirations and o love of leaming as well as contribuling to the development of key skills like communication ond team working. A wide range of locol residents benefit directly from our services listed above and clients of many other locol charities and VCSE organi50tions benefit from the work that we do in supporting ond developing locol groups. In compiling this report the Trustees have given dve regard to public benefit guidance published by tha Charity Commission. The detoiled activitie5 ond achievements made wilhin this financial yeor to achieve our Objectives are highlighted in the separate document 'Coost and Vale Community Action Annucl Review 2021-22,. Page S
COAST AND VALE COMMUNITY ACTION REPORT OF THE TRUSTEES For The Year Ended 31 March 2024 FINANCIAL REVIEW Flnanclol re$ulls There was a satisfactory financial perfomonce in year in line with the approved annual budget where we had anticipated a deficit due lo Ihe timing of funding. The balance sheet shows total funds of £3,025,469 mode up of a General Fund lunrestricledl of £501,874 and Restricted Funds of £2,523,595. Princlpal fundlng sources Coast and Vale Community Action's funding comes from four main sources,. Grants and contractual poyments from slotulory and other bodies. Grants from charitable trusts and foundations. Donotions from individuals, local groups and firms. Fees and charges including rental income and eamed income. Total income during 2023-24 was £714,547. Of this approximately 82.5% of funding1£589,6541 wa5 eamed income generated by properties and core seNices, including rentol income. consultancy seNices. conlracts, investment income and donations I fees. This shows an increased ratio of eamed income/grant aid from 78% in 2022-23 ond has now exceeded our previous highest ratio of 81 % in 2019-20, which is a very positive piclure. This is broken down as follows: Renls received Consultancy income Contracls Investment income Donations Miscellaneous other income £398,337 £24,973 £72,118 £13,531 £49.794 £16,566 £14,335 Gront aid l£124,8931 £14,284 from North Yorkshire County Council for refurbishment works at the Hungote Centre £37,440 from the Heritage Lottery Fund for Waste Nol Wont Not £19,882 from the Ma50nic Charitable Foundolion for We Are Family £49,912 from Innovate UK for the Yorkshire Coast Community Research Network £3.375 from Sport Englond for The Street Climbing CaVCA received no direct funding from nalional Government during the 2023-24 financial year. Tangible fixed assets (freehold property and fixtures / fittings) are valued of £3,Ql 9,360 - 0 reduclion from 2022-23 due to the sale of Church House. Long term boffowing secured ogainsl our freehold property is £535,726 which equates lo approximately 18% of our total asset value, This figure is well within prudent loonlasset value rolios. Page 6
COAST AND VALE COMMUNITY ACTION REPORT OF THE TRUSTEES For The Yeor Ended 31 March 2024 FINANCIAL REVIEW Reserves Pollcy The Trustees consider that unre5tricled cash reserves ore required for the following reasons.. To enable Coost and Vale Community Action to maintain essential core functions for a period of six monlhs to allow time lo adjust in the evenl of a significant reduction in anticipated or budgeled income streams. To provide for othemise unfunded slofFing-related cosls such as parentol leave, extended stoff sickness and redundoncy paymenls,. and for unforeseen compliance costs orising from existing or new legislation and regulations, To cover unforeseen expenditure relaling lo the Charity's physicol assel base. To provide funds of last resort in the evenl of vnovoidable cost overTuns of activities that cannot be met from restricted fund5 and to mointoin project conlinuity in the event of limited short lerm funding gap To pump prime new projects and initiatives when appropriate A lorget figure of £275,000 free reserves has been set. lo include £50,000 for maintenance of the physical asset base, and ot 31 st March 2024 the freB reserves were £386,809 (total unrestricted reserve5 £501,874). This increased level of reserves is due fo the sale of Church House and a proportion of it 15 designated to the climbing wall expansion and the upgrade of Ihe healing system at The Street. The remaining level of free reserves is considered to be acceploble considering ongoing high energy costs which will have an impoct on expendilure over the next year. Golng concem CaVCA Trustees are confident thot CaVCA is o going concem on the basis of on assessment of Ihe risks and uncertainties outlined above. and on our reserves, asset value and independent income generation ability. REMUNERATION POIICY CaVCA Trustees determine staff remuneration wilh reference to the National Joinl Council poy scales and the underpinning guidance on role alignment to grade. PRINCIPAL RISKS AND UNCERTAINTIES The main risk and uncertainty moving forward relates lo maintaining and increasing levels of eamed income. Page 7
COAST AND VALE COMMUNITY ACTION REPORT OF THE TRUSTEES For The Year Ended 31 March 2024 FUTURE PLANS CaVCA will continue to focus on delivery as a locally owned, managed ond rooted social enterprise. investing in capacity building and development with the intention of developing resilience and suslainability within our locol communities. CaVCA's role will be to assist locol people in coming together to lake action over issues of importance to the local area, stimulating community business. and enabling social cohesion. During 2024-25 we will focus our delivery on: Community capocity building and community development support. including helping local communilies to live well within the current cost of living crisis Rasing the lesser heard voices of our residents and enabling community conversations about matters of locol importance Enabling social cohesion ond local economic resilience Maintaining and further developing our portfolio of managed workspoce and community facilities In 2024-25 we will 0150 continue to build on ond develop new parlnerships lo influence local policies and plans. particularty Ihose of statutory agencies following locol govemment reorganisation and devolution, and we will promote community resilience in the light of changes lo public sectorfunding, welfare reform, heallh and sociol care delivery, Ihe coronovitus pandemic, and the ongoing economic climate. We will continue to be actively involved in the Scorborough Town Boards, Scart)orough Fair. The Scarborovgh Fund and in the Scotborough Business Ambassadors, We will continua to develop CaVCA Consultancy as a fee-aaming seNice providing specialisl professional support setvices and we will also continue to hosl a range of community projects and aclively seek to fill gaps in social provision. Further we will continue to develop Ihe Tolally Socially model as Ihe 'CaVCA Woy, embedded ot the heart of all that we do: we will continue to seek out the voices of local people in relalion to motters which are importanl lo them and will develop the Communily Research Network on Ihe Coast; we will conlinue to deliver in support of a 'green' ogenda, helping local people to recognise and utilise the skills at their disposol, maximising people's obilily to reuse, recycle, share and reduce their reliance on depleting resources. We will help communities to understand ond work collaboratively within the new unitary council slnjcture ond the combined mayoral authorily. We will support the raising of aspiralions by leading the Children's University locally. We will also refresh our branding. marketing and digital presenco to ensure we portray an outhenlic picture of our work and enable people to find out oboul us more easily. Finolly we will see our vision of developing a professional climbing centre in Scarborough fulfilled. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The chanty is controlled by its goveming document. o deed of trust, ond constitutes o limited company, limited by guarantee. as defined by the Companies Acl 2C£I6. Organl$allonal slruclure The Charity is govemed by a Board o* Trustees, which is elected by the members. ond who are also direclors of the Company. On becoming a Trustee. each Ttustee is provided wilh an induction catried out under the direction of the Chair and Chief Executive. Training events and away days are arranged as and when required. Trustees appoint a Chief Executive Officer. who is also Company Secfetary. to manage the operations of the Charity. The Boord of Trustees nomally meets bi-monthly and olso ha5 a permonent Finance Sub-committee which meets monthly. The Chief Executive Officer ottends all Trustee meetings and has responsibility for all strategic management decisions within policies agreed by the Boord of TnJst8es. Operational decisions ore delegaled lo the Senior Manogemenl Team Under Ihe guidance of the Chief Executive Officer. Page 8
COAST AND VALE COMMUNITY ACTION REPORT OF THE TRUSTEES For The Yeor Ended 31 March 2024 STRUCTURE. GOVERNANCE AND MANAGEMENT Widw nelwork The members of the Charity are local voluntory and communily group5. chorities and social enlerprises. The charity works closely with its members and is in the process of reviewing ils membership offer to increase involvemenl and active engagemenl of our membership. CaVCA is also a member of Localily. The Chief Executive is also a Fellow of the Royal Sociely for the Encouragement of the Arts, Manufactures and Commerce IRSAI. Our Finance Manager is a member of the Charity Finance Group ICFGI. REFERENCE AND ADMINISTRATIVE DETAIIS Registered Company number 03330062 (England and Wale51 Reglstered Chorlly number 1061713 Reglstered offlce The Street 12 Lower Clark Street Scarborough North Yorkshire Y012 7PW Trvslees Mr R L Grunwell (resigned 15.7.241 Mr G A Backhouse (appointed 12.3.241 Mr A B G Pickering lappoinled 12.3.241 Ms K Farrow (appointed 12.3.241 Dr l Newman (resigned 12.3.241 Mr G Baumann Mrs M Cunningham (Vice Chairl (resigned 12.3.241 Mr D T Womer MBE (Chairl Mr R J T Wolton Dr M O Jackson Mr l Johnston (Chair of Finance) Company Secretary Ms M L Bonney Auditors Fortu5 Audit LLP Chortered Accountants & Statulory Auditors 5&6 Manor Court Manor Gorth Scarborough North Yotkshire YOI 13TU Sollcllors Pinkney Gnjnwells Lowyers LLP 64 Westborough Scarborough North Yorkshire YOI I ITS Chief •xecullve offlcer Ms M L Bonney FUNDS HELD AS CUSTODIAN FOR OTHERS Please refer to note 24 to the accounts for details of funds held as custodian for others. Page 9
COAST AND VALE COMMUNITY ACTION REPORT OF THE TRUSTEES For The Year Ended 31 Morch 2024 STATEMENT OF TRUSTEES. RESPONSIBILITIES The tru51ees (who ore also the directors of Coast and Vale Communily Action for the purposes of company lawl are responsible for preparing the Report of the Trustees and the financial stotemenls in accordance with applicable law and United Kingdorn Accounting Slondards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepore financial statements for each finoncial year which give a true and foir view of the state of affairs of the choritable company and of the incoming resources ond application of resources, including the income ond expenditure, of the charitable company for Ihot period. In preporing those financial statements, the trustees are required to select suitable occounting policies ond then apply them consislently- observe the methods and principles in the Charity SORP.. make judgements and estimotes thal are reasonable and prudent; prepare the financial statements on the going concem basis unless it is inappropriale to presume Ihat the charitable company will continue in business. The InJstees are responsible for keeping proper accounting records which disclose with reosonoble accurocy at any time the financiol position of Ihe choritable company and to enable them lo ensure Ihat the financial statements comply with the Companies Act 2006. They are also responsible for safegvording the assets of Ihe charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware: Ihere is no relevanl audit information ot which the charitoble company's auditors are unaware,. and the Irustees have taken oll steps Ihol they ought to have laken lo moke themselves owore of any relevant oudit information and to establish that the auditors are aware of that informalion. AUDITORS The audito, Fortus Audit LLP, will be proposed for re-oppointment al the forthcoming Annval Generol Meeting subject to Trustees discussion and agreement of the level of fees. der of the board of trustees on 25 November 2024 and signed on its behalf by: Approved by MsMLBon y- Secretary Page 10
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF COAST AND VALE COMMUNITY ACTION Oplnlon We have audited the financial statements of Coost and Vale Community Action (the 'chariloble company I for the year ended 31 March 2024 which comprise Ihe Statement of Financial Aclivitie5, the Balonce Sheet, the Cash Flow Statement and notes lo the financial slalements, including a summary of significont accounling policies. The financial reporting framewofft Ihol has been opplied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel. In our opinion the financiol statements: give a true and fair view of the slate of the charitoble company's affairs as ot 31 March 2024 and of its incoming resources and application of resources, including its income and expendilure, for the year then ended,. have been properly prepared in accordonce with United Kingdom Generolly Accepted Accounting Practice; and hove been prepared in accordance with the requirements of the Companie5 Act 2006, Basls for opinlon We conducled our audit in accordance with Internolional Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities Under those standords are further described in the Audilors, responsibilities for the oudit of Ihe financial statements section of our report. We are independenl of Ihe charitable company in accordance with the ethicol requirements that ore relevant lo our avdil of the financial statements in the UK, including the FRC'S Ethical Standord, and we hove fvlfilled our other ethical responsibilities in accordance wilh these requirements, We believe thal the audit evidence we hove obtained is sufficient and appropriate to provide a bosis for our opinion. Concluslons reloling to golng Concern In audiling the financial statements, we hove concluded thal the trustees, use of Ihe going concem basis of accounting in the preporation of the financial slolements is appropriate. Based on the work we have perfomed. we hove nol idenlified any material uncertainties reloting to evenls or conditions thal, individually or colleclively. may casl significanl doubt on the charitable company's ability to continue 0$ a going concem for o period of af leas1 twelve monlhs from when Ihe financiol stotements are aulhorised for issue. Our responsibilities and the responsibilities of the trustees with respect lo going concem ore described in the relevant sections of this report. other Intomiallon The fru51ees are responsible for the other infotmotion. The other informalion comprises the information included in the Annual Report, other than the financial slalements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover Ihe olher infomation and, except to the extent othemise explicitly slaled in our report, we do not express any form of assurance conclusion thereon. In connection with our avdit of the financial stotements, our responsibility is lo read the other information and, in doing so. consider whether the other infornotion is materiolly incon515tent with the financial statements or our knowledge oblained in the audit or otherwise appears lo be moterially misstated. If we identify such malerial inconsistencies or apparent molerial misstotements, we are required lo determine whether this gives rise to a material misstatement in the financial slatemenls themselves. If, based on the work we hav& performed, we conclude fhat there is a material misstalement of this other information, we are required lo report thal fact. We have nothing to report in this regord. Oplnlons on other matter$ prescrlbed by the Componles Act 2006 In our opinion, based on the work undertaken in the course of Ihe oudil.. Ihe information given in the Report of the Trustees for the financial year for which the finoncial stotements ore prepared is consistent with the financial statements; and Ihe Report of the Truslees has been prepared in accordance wilh applicable legal requirements. Pagell
REPORT OF THE INDEPENDENT AUDJTORS TO THE MEMBERS OF COAST AND VALE COMMUNITY ACTION Mallers on whlch we ore requlred to report by excepllon In the light of the knowledge and underslanding of the charilable company and its environmenl obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees. We have nothing to report in respect of Ihe following motters where the Companies Act 2006 requires us to report to you if, in our opinion: adequote accounting records have not been kepl or ratums adequate for our oudit hove not been received from bronches not visited by u5.. or the financial statements are not in agreement with the accounling records and returns.. or certain disclosures of trustees, remuneration specified by law are not mode; or we have not received all the informalion and explanations we require for our audit,, or the Irustees were not entitled lo take advantage of the small companies exemption from Ihe requirement to prepare a Strategic Report or in preparing the Report of the Trustees. Responslbllltles of trustees As explained more fully in the Stalemenl of Trustees, Re5ponsibililies. the trustees (who ore also Ihe directors of the charitable company for the purposes of company lawl are responsible for the preparotion of the financial statements and for being satisfied that they give a true and fair view, and for such intemol control os the tStee5 determine is necessary fo enable the preporation of financial statements Ihal are free from material misslatement, whether due to froud or error. In preparing the finoncial statements, the trustees are responsible for assessing the chorilabla company's ability to continue as o going conc&rn, disclosing, as applicable, matters related to going concem and using the going concem basis of accounting unless the trustees either intend to liquidole the choritable compony or to cease operations. or have no realistic altemative but to do so. Page 12
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF COAST AND VALE COMMUNITY ACTION Our r•spon$lbllltles for the avdlt of the financlol statements Qur objeclives ore to obtoin reasonable assurance obout whether the financial stalemenls 0$ a whole are free from material rnisslatement, whelher due to froud or error, ond to issue a Report of Ihe Independent Auditors that includes our opinion. Reasonoble ossurance is a high level of assurance. but is not a guoranlee that on oudit conducted in occordance with ISAS IUKI will olwoys detect o material misstatement when it exisls. Misslatements can arise ffom fraud or error and are considered mateiiol if, individually or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these finoncial statements. lffegularities, inclvding fraud, are instances of non-compliance with laws ond regulations. We design procedures in line with our responsibililies, outlined above, to detect material misstatements in respecfr of iffegularities, including fraud. The exlent to which our procedures are capable of detecling irregvlarilies, including fraud is detoiled below: We oblained an understanding of Ihe legal and regulotory frameworks that ore applicable to the company and determined Ihat the most significant frameworks which ore direclly relevont to specific assertions in the finoncial slatements are those thot relate to the reporting framework (UK GAAP ond the Companies Act 2(K)61 ond the relevant lox compliance regulotions in the UK. We vnderstood how the company is complying with those framewo$ by making enquiries of management and those responsible for legal ond compliance procedures. We corroboroted our enquiries through review of board minutes and discussions with those chorged wilh govemance. We assessed the susceptibilily of the company's financial statements to moterial misslotement, including how fraud might occur. by discussion with management from various parts of Ihe business lo undersfand where they considered there was a susceplibility to fraud. We considered the procedures and controls thot Ihe compony has established to prevent and detect fraud. and how these are monitored by management. and also any enhanced risk factors such as perfomance targets. Based on our understanding. we designed our audit procedures lo identify any non-compliance wilh law5 and regulations identified in the paragrophs above. We a150 performed audit work over the risk of management override of controls, including testing of joumal entries ond other odjuslments for appropriateness, evaluoling the business rofionale of significant Iransoclions oulside the normal course of business and reviewing accounting estimates for bias. A fvrther description of our responsibilities for the audit of the financial statements is located on the Financiol Reporting Council's websile al www.frc.org.uk/audilors responsibilities, This description forms part of our Report of the Independent Auditors. Use ol our report This report is mode solely lo the charitoble company's members. as a body, in accordance with Chopter 3 of Port 16 of the Companies Act 2006. Our oudit work has been undertaken so fhot we might state to the charitable company's members those matters we ore required to state to Ihem in an auditors, reporl and for no other purpose. To the fullest exlenl permilled by law, we do not accepl or ossume responsibilily lo anyone other Ihan the charitoble compony and the charitable compony's members as a body, for our audit rk, for this report, or for Ihe opinions we have forrned. Frances Howord FCA (Senior Stalulory Auditorl for and on behalf of Fortus Audit LLP Chartered Accountants & Statutory Auditors 5&6 Manor Court Monor Garth Scarborough North Yorkshire YOI13TU Dote.. 2.UNovember 2024 Page 13
COAST AND VALE COMMUNITY ACTION STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) For The Ye(¥ Ended 31 March 2024 2024 Total funds 2023 Total funds Unrestricted funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donotions and legacies 509 49,285 49,794 1.781 Chorltable adlvllies Core services and properties Communily projects 489.788 72,118 489.788 147.099 467.562 227,548 74.981 5nve51ment income other income 13,531 14,335 13,531 14,335 11.550 15,387 Total 590.281 124.266 714.547 723.828 EXPENDITURE ON Chorltoble actlvllles Core seNices and properties Community projects 557,254 135,597 46,737 116.035 603,991 251,632 414.636 258.838 Total 692,851 162,772 855.623 673,474 NET INCOMEIIEXPENDITURE} Translers between funds 1102,5701 114,705 138,5061 1114,7051 1141,0761 50,354 21 Nel movement In lunds 12,135 1153,2111 1141.0761 50,354 RECONCILIATION OF FUNDS Total funds brought forward 489,738 2,676.807 3,166,545 3,116.191 TOTAL FUNDS CARRIED FORWARD 501,873 2.523,596 3.025,469 3.166,545 The notes foTm port of these financial stalements Page 14
COAST AND VALE COMMUNITY ACTION BALANCE SHEET 31 March 2024 2024 2023 Notes FIXED ASSErs Tangible assets 13 3,019,360 3.234,762 CURRENT ASSETS Debtors Cash at bank and in hand 14 25,586 666,016 39.826 564.635 691,602 604,461 CREDITORS Amounts falling due within one year 1164.2521 1137.3631 NET CURRENT ASSETS 527,350 467,098 TOTAL ASSETS LESS CURRENT LIABILITIES 3,546,710 3,701.860 CREDITORS Amounls falling due after more thon one year 1521,2411 1535,3151 NET ASSETS 3.02S,469 3.166,545 FUNDS Unrestricted funds= General fund Reslricted funds 21 501,874 2.523,595 489,738 2,676,807 TOTAL FUNDS 3,025,469 3,166,545 These financiol stotemenls have been prepared in accordance with the provisions opplicobla lo charitable componies subject lo the 5moll companie5 regime. The finoncial stalements were approved by Ihe Board of Trustees and authorised for issue on 25 November 2024 and were signed on its behalf by: MrDT r MBE- Truslee The notes form part of Ihese financiol slalemenls Page 15
COAST AND VALE COMMUNITY ACTION CASH FLOW STATEMENT ForThe Year Ended 31 March 2024 2024 2023 Notes Cash flows from operallng aclfvllles Cash generated from operolions Interest paid 19,4241 145.8271 157,415 131 ,2381 Net cash (used inllprovided by operating activilies 155,2511 126.177 Cash Ilows Irom Invesllng aclivlffes Purchose of tangible fixed assets Sale of tangible fixed assels Inlerest received 123,9741 180.000 13,531 141,0171 11.550 Nef cash provided by/lused inl investing activities 169.557 129,4671 Cash flows Irom flnanclng acllvttles Loan repayments in year 112,9251 117,1271 Net cash used in financing activities 112,9251 117,1271 Change in cash and cash equlvalerbts In the reportlng period Cash and co$h èqvlvalents al Ihe beglnnlng c•f the reportlng perlod 101,381 79.583 564,635 485.052 Cash ond cash eqvfvalenl$ ol the end ol Ihe reportlng period 666,016 564.635 The notes fom part of these financiol statemenls Page16
COAST AND VALE COMMUNITY ACTION NOTES TO THE CASH FLOW STATEMENT For The Yeor Ended 31 March 2024 RECONCILIATION OF NEf (EXPENDITURE)IINCOME TO NEf CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Nel {expendlture)/lncome lor the reportlng perlod (as per the 5totemenl of Flnanclal Actlvllle$) Adjustments for. Depreciation charges Loss on disposal of fixed assets Interest received Interest paid Decrease in debtors Increase in creditors 1141,0761 50,354 20,382 38,994 113,5311 45,827 14,240 25.740 12,792 111,5501 31.238 33.156 41.425 Net cash (used In)/pTovlded by operallons 19,4241 157,415 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.23 Cash flow At 31.3.24 Nel cash Cash at bank and in hand 564,635 101,381 666,016 564.635 101,381 666,016 Debl Debts falling due within l year Debts falling due afler l year 113,1561 1535,3151 114.3051 1521.2411 14,074 1548.4711 12,925 1535,5461 Total 16.164 114,306 130.470 The noles fom part of these finoncial statements Page 17
COAST AND VALE COMMUNITY ACTION NOTES TO THE FINANCIAL STATEMENTS For The Year Ended 31 Morch 2024 ACCOUNTING POLICIES Bas1$ ol prepaTlng the linanclal Stolements The financial slalements of Ihe charitable compony, which is a public benefit enlity under FRS 102. have been prepared in occordonce wilh the Charities SORP IFRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounls in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191,, Financiol Reporting Standard 102 'The Finoncial Reporting Standard applicable in the UK and Republic of Irelond, and the Companies Act 2cNJ6. The financial statements hove been prepared under Ihe historical cost convention. Coast and Vale Communily Aclion is a charitable company limited by gvaronlee in Ihe United Kingdom. The oddress of the registered office is given in the charily information on page 8 of these financial statements. The nature of the charity's operations and principal activities ore advice. support, promotion and representalion of the volunlary, community and social enterprise sector principally. bul not exclusively. in the Borough of Scarborough and Ryedale and its environs. The accounts ore prepared in steding which is the functionol currency of the charity. Income All income is recognised in the Statement of Financial Activities once Ihe charity has entitlement to the funds, il is probable Ihat the income will be received and the omounl can be measured reliably. For grants lo be recognised Ihe charity will hove been notified of the amounts and Ihe setllemenl date in wriling. If there are conditions attoched to the granl and this requires o level of performance before entitlement can be oblained Ihen income is deferred until those conditions ar8 fully met or the fuifilment of those conditions is within the conlrol of the charity and it 15 probable that they will be fulfilled. Income from troding activities includes income eamed from fundraising events to rais& funds for the charity. Income is received in exchange for supplying goods ond services in order to raise funds and is recognised when entitlement has occurred. Expendllure Liobililies are recognised os expenditure as soon os there is a legal or constTuctive obligation commitling the charity lo that expenditure, it is proboble Ihal a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is occounted for on an accruals basis ond has been classified under headings Ihat aggregate oll cost related to the category. Where costs connot be directly attribuled lo particular headings Ihey have been allocated lo octivities on a bosis consislenl with the use of resources. Support costs Support costs are those thot assist the work of the charity bul do nol directly represenl charitable activities and include office costs, govemance costs, administrative payroll costs. Where support cosls connot be directly attributed to porticulor headings they have been ollocaled lo charitable activities on a basis of staff time. Costs have been directly allocoled where possible. The onalysis of these costs is included in note 8. Tanglble Ilxed assels Depreciation is provided al Ihe following annual rates in order lo wrile off each asset over its estimated useful life. Freehold property Fixtures ond fittings Computer equipment not provided 20% on cost 20% on cosl Page 18 conlinued...
COAST AND VALE COMMUNITY ACTION NOTES TO THE FINANCIAL STATEMENTS - contlnued For The Year Ended 31 Maich 2024 ACCOUNTING POLICIES - c¢ntinved Tanglble fixed assets Tangible fixed asse15 are staled at cost lor deemed costl or valuation less occumulated depreciation and accumulated impairmenl losses. Freehold properly is not depreciated on the basis thol Ihe net book value is alreody lower thon Ihe estimated residual value of the property at Ihe end of its useful life. Taxation The charity is exempt from corporalion lax on its charilable aclivilies. The company is registered for VAT on a partial exemption basis. Any non-recoverable VAT is allocated in the accounts on a b051S con5151ent with the originol expense. Fund accounllng Unrestricted funds can be used in occordance with the charitable objectives at the discretion of the tnJslees. Restiicted funds can only be used for particular restricted purposes within the objects of Iha chority. Restrictions arise when specified by the donor or when funds are raised for particular restricled purposes. Furlher explanation of the nature ond purpose of each fund is included in the noles to the financial statements. Pen$lon costs and other post-rellrement benellts The charitable company operales a defined contribution pension scheme. Conlribulions payable to the chorilable company's pension Scheme are charged to the Statement of Financial Activities in the period to which they relole. Investments Listed investments are revalued at the market value at the balance sheet date and the unreolised gain or loss is taken to the Stotemenl of Financial Activities. Loans and borrowings Loans and borrowings ore initially recognised al the transaction price including transaction costs. Govemmènl grants The compony receives govemment grants in respect of the coronovirus job retenlion scheme and local council grants. These granls ore recognised at Ihe fair value of the asset received or receivable when there is reasonable ossuronce that the charity will comply with conditions alloching to them and the grants will be received using the accnJol model. Going concern The financial statements have been prepared on a going concem bosis as the trv5tees believe Ihot no material uncertainties exist. The truslees have considered the level of funds held ond the expected level of income ond expenditure for 12 months from aulhorising these financial sfalements, The budgeted income and expendilure is sufficient with the level of reseNes for the chority to be able to continue as a going concem. Page 19 conlinued...
COAST AND VALE COMMUNITY ACTION NOTES TO THE FINANCIAL STATEMENTS - conflnued For The Year Ended 31 March 2024 DONATIONS AND LEGACIES 2024 2023 Donotion5 49,794 1,781 INVESTMENT INCOME 2024 2023 Deposil occount interest 13,531 11,550 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Aclivity Core services and properties Core services and properties Core services and properties Core services and properties Core services ond properties Community projects Community projects Rents received Grants Miscelloneous income Insurance claim Consultancy Grants Contract income 398.337 49.912 16.566 392.360 1,945 16,027 53.163 4.067 158.400 69.148 24.973 74.981 72.118 636,887 695,110 Grants received. included in the above, are a5 follows: 2024 2023 other North Yorkshire Council 110,609 14,284 107,370 52,975 124.893 160,345 An analysis of grants by donor is as follows: 2024 2023 National Literocy Trusl - Hungry Little Minds NY Childhood Futures Ischool Readiness) NYCC Covid response Scorbofough Borough Council Icofe refurbishment) North Yotkshire Council (Hungate Cenlrel Heritage Loltery Fund Masonic Chorilable Grant Innovate UK Sport England The Climate Coalilion IGreat Big Green Weekl Transporl Gront Ryedale District Council Isolar Panels) Childrens Universiry 32.240 16,975 36.OlX) 14,284 37,440 19.882 49.912 3,375 945 1,000 52.018 21.167 124,893 160,345 Of the total amount received in the year £74,981 relates to restricted funds. Poge 20 continued...
COAST AND VALE COMMUNITY ACTION NOTES TO THE FINANCIAL STATEMENTS - contlnued For The Year Ended 31 March 2024 OTHER INCOME 2024 2023 Copital goods scheme adjuslment 14,335 15,387 CHARITABLE ACTIVITIES COSTS Direct Costs Isee note 71 Support costs Isee note 81 Totals Core setvices and properties Community projects 488,850 181.497 115.141 70,135 603.991 251.632 670,347 185,276 855,623 DIRECT COSTS OF CHARITABLE ACTIVITIES 2024 2023 staff costs Rent and woter rotes Insuronce Light and heat Telephone Postage and stotion8ry Travel and subsistence Repairs and maintenance Cleaning Subscriptions Legal and professional fees Events and activilies Sundry expenses Security Bad debts Bank charges Depreciation Loss on sale of ossets Interest payoble and similar charges 287,612 8,349 19,878 82,078 6,074 3,104 2.435 38,186 53,682 4.083 36,986 23,159 639 175 665 171 18,250 38,994 45,827 281,356 6.413 43,461 4,912 2,323 2.979 29,556 45,748 4,145 4.657 14.936 994 1,642 400 74 10,659 31,238 670,347 496,667 Page 21 continued...
COAST AND VALE COMMUNITY ACTION NOTES TO THE FINANCIAL STATEMENTS - contlnved For The Year Ended 31 Morch 2024 SUPPORT COSTS Govemance costs Core services ond properties Community projects 115,141 70.135 185,276 Support costs above include staff costs which ore included within the totals shown in note I l. NE[ INCOMEI(EXPENDITURE) Net incomellexpenditurel is slated after chargingllcreditingl: 2024 2023 Auditors, remuneralion Auditors, remunerolion for non audit work Depreciation - owned assets Deficit on disposal of fixed ossels 7,332 2,286 20,382 38,994 7,392 2,417 12,792 io. TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the yeor ended 31 Morch 2024 nor for the year ended 31 March 2023. Truslee$' expenses 2024 2023 Trustees expenses 127 93 STAFF COSTS 2024 2023 Wages ond salaries Social security costs other pension costs 392.752 25,413 15.776 376,314 25,266 16,307 433.941 417,887 The overage monlhly number of employees during Ihe year was as follows: 2024 2023 Core Projects 22 22 No employees eamer £60.0(JJ or more during the current or prior year. The cost of key management personnel for the year wa5 £135,32212023- £130,167}. Page 22 continued...
COAST AND VALE COMMUNITY ACTION NOTES TO THE FINANCIAL STATEMENTS - conllnued For The Year Ended 31 Morch 2024 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds Restricted funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 1,499 282 1.781 Charttoble actfvllies Core seNices ond properties Community projects 466,617 101.148 945 126,400 467.562 227,548 Inve51ment income other income 11,550 15,387 11.550 15,387 Tolal 596.201 127,627 723,828 EXPENDITURE ON Charttable acllvttles Core setvices and properties Community projects 404,868 138,462 9,768 120,376 414.636 258.838 Total 543.330 130,144 673.474 NET INCOMEI(EXPENDITURE) Translers befvieen funds 52.871 12,5171 9.171 50,354 N•1 movement In lunds 43,700 6,654 50,354 RECONCILIATION OF FUNDS Total funds brought forward 446.038 2.670.153 3,116,191 TOTAL FUNDS CARRIED FORWARD 489,738 2,676.807 3,166.545 The figures shown above represenl the detailed breakdown of the Statement of Financial Activities for the prior year. Page 23 continued.
COAST AND VALE COMMUNITY ACTION NOTES TO THE FINANCIAL STATEMENTS - conffnued For The Year Ended 31 Morch 2024 13. TANGIBLE FIXED ASSETS Fixtures and fittings Freehold property Computer equipment Tolols COST At l April 2023 Additions Disposals 6.211,146 179,365 23,974 59.617 6.450,128 23,974 1365.5051 1365,0651 14401 At 31 March 2024 5,846,081 203.339 59.177 6,108,597 DEPRECIATION At l Aptil 2023 Charge foryear Eliminated on disposal 3,041,970 123,708 16,422 49,688 3,960 12051 3,215.366 20.382 1146,5111 1146,3061 At 31 Morch 2024 2,895.664 140,130 53.443 3,089.237 NEf BOOK VALUE At 31 March 2024 2.950.417 63,209 5,734 3.019.360 At 31 March 2023 3.169.176 55,657 9.929 3,234.762 14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trode debtors Prepayments and accnjed income 7.745 17.841 21.384 18,442 25,586 39,826 15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Bank loons and overdrafts Isee note 171 Trade creditors Social security ond other toxes other creditors Accruals ond defeffed income 14,305 8.829 15,969 5.941 119,208 13,156 7,483 15,548 9,912 91,264 164.252 137,363 Page 24 continued...
COAST AND VALE COMMUNITY ACTION NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 March 2024 16. CREDITORS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR 2024 2023 Bank loans (see note 171 521,241 535,315 The bank loan is charged at a rate of 3.5% above Bank of England Bose Rale. The final repayment dale is 2041 . 17. LOANS An analysis of the maturily of loans is given below: 2024 2023 Amounts falling due within one year on demand: Bank loans 14,305 13,156 Amounts falling between one ond two years: Bank loans 15,154 13,925 Amounts falling due between two and five yeors: Bank loans 16,493 15,154 Amounts falling due in more than five years: Repayable by inslalmenfs: Bank loans 489,594 506,236 18. LEASING AGREEMENTS Minimum leose payments under non-cancellable operoling leases fall due as follows: 2024 2023 Within one year Between one and five years 3.ICK) 3.284 3,IC() 3,753 6,384 6,853 19. SECURED DEBTS The following secured debts are included within credilors: 2024 2023 Bank loans 535,546 548,471 The bank loon is secured with a fixed first charge over all the property known as The Streel, 12 Lower cla street, Scarborough. The loon is also secured with on ossignment over the Charity Bonk deposit accounl held within these accounls. Page 25 conlinued...
COAST AND VALE COMMUNITY ACTION NOTES TO THE FINANCIAL STATEMENTS . contlnued For The Year Ended 31 March 2024 20. ANALYSIS OF NET ASSETS BEtWEEN FUNDS 2024 Total funds 2023 Tolal nds U nrestricted funds Restiicled funds Fixed assets Cuent assets Current liabilities Long tenn liabilities 115.065 629,811 1152.4311 190,5711 2.904,295 61,791 111,8211 1430,6701 3.019,360 691,602 1164,2521 1521,2411 3,234,762 604,461 1137,3631 1535,315} 501,874 2,523.595 3,025,469 3.166,545 21. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 31.3.24 At 1.4.23 Unrestrfcted fund$ General fund 489,738 1102,5691 114,705 501,874 Reslrlcted fvnds Core Copifol The Street Defibrilator donotions Scalby Land George Martin Trust Stoge Fund Hunglry Lillle Minds MS Brown Power to Change NY Childhood Futures - School Reodinass Great Big Green Week SBC Cafe Refurbishment Hungote Centre Development Childrens Universily Musical Memories, Songs and Scones Sport Englond Heritage Loltery 153,411 2,396,829 246 417 213 740 13,036 3,474 16.741 127,1811 1126,2301 10,680 2,407,509 81 417 11651 12131 740 11,663 2,652 15.644 11,5031 13221 19821 15001 11151 43,605 241 2.024 41.552 11921 4,470 114.8311 13561 15281 4.292 250 12,6131 11301 115 28,644 1,496 48,189 58 857 1,1 10 4,535 2.345 I I,ocxJi 4,535 2,676.807 138.5071 1114.7051 2,523,595 TOTAL FUNDS 3,166.545 1141,0761 3,025.469 Page 26 continued...
COAST AND VALE COMMUNITY ACTION NOTES TO THE FINANCIAL STATEMENTS - contlnued For The Year Ended 31 March 2024 21. MOVEMENT IN FUNDS . conllnued Net movement in funds. included in the obove ore as follow5- Incoming resources Resources expended Movement in funds Unréstrlcted lunds General fund 590,281 1692,8501 1102.5691 Reslrfcted funds Core Capital Defibrilator donolions George Mortin Twsl Hunglry Liltle Minds MS Brown Power to Change NY Childhood Futures- School Readiness Great Big Green Week SBC Cafe Refurbishment Hungale Centre Development Childrens University Musical Memorie5. Songs and Scones Masons - Earfy Yeor5 Sport England Heritage Lotlery 127.1811 12991 12131 11,5031 13221 13,4921 127.1811 11651 12131 11,5031 13221 19821 134 2,510 114.8321 13661 15281 19,9921 146,2771 12,6131 119,8821 12,2651 133,(t)81 114.8311 13561 15281 4.292 250 12.6131 10 14.284 46,527 19,882 3,375 37.543 4,535 124.266 1162.7731 138,5071 TOTAL FUNDS 714,547 1855,6231 1141,0761 Page 27 continued...
COAST AND VALE COMMUNITY ACTION NOTES TO THE FINANCIAL STATEMENTS - contlnued For The Year Ended 31 March 2024 21. MOVEMENT IN FUNDS - conllnved Comparotives for movement In Ivnds Net movement in funds Transfers between funds At 31.3.23 At 1.4.22 Unrestrlcted funds General fund 446.038 52.871 489.738 Reslrlcted lunds Core Capilol The Slreel The Streel Garden Totally Sociolly Growing Opportunilies Defibrilator donations Surf Club- Clarion Futures Scalby Land George Martin Trust stage Fvnd Hunglry Little Minds MS Brown Power to Change NY Childhood Futures - School Readiness Great Big Green Week SBC Cafe RefUlshrnent Hungate Centre Development Childrens University Musical Memories, Songs and Scones 153,411 2.382,679 137 354 235 79 65 417 679 740 30.494 534 17.426 153,411 2,396,829 14,150 11371 13541 12351 167 1651 246 417 213 740 13,036 3,474 16,741 14661 117,4581 2,940 16851 78.747 1.604 2.552 130,1631 11.3631 15281 41.552 11921 4,470 14,9791 43,605 241 2.024 41.552 11921 4,470 2,670.153 12,5171 9,171 2,676,807 TOTAL FUNDS 3,116,191 50.354 3.166,545 Page 28 conlinued...
COAST AND VALE COMMUNITY ACTION NOTES TO THE FINANCIAL STATEMENTS - contlnu•d For The Yeor Ended 31 Morch 2024 21. MOVEMENT IN FUNDS - conllnved Comparative net movement in funds, included in the above are as follows: Incoming Resources resources expended Movement in funds Unrestricled lunds General fund 596.201 1543.3301 52,871 Restrfcled fund$ The Street Garden Totally Socially Growing Opportunities Defibrilolor donations Surf Club - Clarion Futures George Martin Trust Hunglry Little Minds MS Brown Power to Change NY Childhood Futures- School Readiness Great Big Green Week SBC Cafe RefuTbishment Hungate Centre Development Childrens University Musical Memories, Song5 and Scones 11371 13541 12351 11371 13541 12351 167 1651 14661 117,4581 2.940 16851 167 1651 14661 149,6981 11,0601 32,240 16,975 1.060 147,1381 12,4231 15281 16261 121.3591 15,3701 130,1631 11,3&31 15281 41,552 11921 4,470 42,178 21,167 9,840 127.627 1130,1441 12,5171 TOTAL FUNDS 723,828 1673,4741 50.354 Poge 29 continued...
COAST AND VALE COMMUNITY ACTION NOTES TO THE FINANCIAL STATEMENTS - conllnued For The Yeor Ended 31 March 2024 21. MOVEMENT IN FUNDS - continued A current year 12 monlhs and piior year 12 months combined position is os follows: Net Transfe movement between in funds funds At 31.3.24 Al 1.4.22 Unre$lrlcled fund$ General fund 446,038 149,6981 105,534 501,874 Restricted funds Core Capital The Slreel The Streel Garden Totolly Socially Growing Opportunilies Defibrilator donations Surf Club- Clarion Futures Scalby Land George Mortin Tnjst stage Fund Hunglry Little Minds MS Brown Power to Change NY Childhood Futures- School Reodiness Great Big Green Week SBC Cafe Refvrt)ishmenl Hungafe Cenlre Development Childrens U niversity Musical Memories. Songs and Scones Sport England Heritage Lottery 153,411 2,382.679 137 354 235 79 65 417 679 740 30,494 534 17.426 127,1811 1126,2301 24,830 2.407.509 11371 13541 12351 81 1651 417 16791 740 11,663 2,652 15,644 118,9611 2,618 11,6671 130 15001 11151 78,747 1,604 2,552 144.9941 11,7191 11,0561 45,844 15,1091 115 28,644 1,496 48,189 2,345 1.857 I 1,0001 857 4,535 4,535 2.670,153 141.0241 1105,5341 2,523,595 TOTAL FUNDS 3.116,191 190.7221 3,025,469 Page 30 continued...
COAST AND VALE COMMUNITY ACTION NOTES TO THE FINANCIAL STATEMENTS - conffnu•d For The Yeor Ended 31 March 2024 21. MOVEMENT IN FUNDS - conllnved A current year 12 months and prior year 12 months combined net movement in knnds, included in the above are os follows: Incoming resources Resources expended Movement in funds Unreslrlcled funds General fund 1,186,482 11,236,180) 149,6981 Re$trfcled lunds Core Capital The Street Garden Tololly Socially Growing Opportunities Defibrilalor donotions Surf Club- Clarion Futures George Martin Trust Hunglry Little Minds MS Brown Power to Change NY Childhood Futures- School Readiness Great Big Green Week SBC Cafe Refvrbishment Hungate Centre Developmenl Childrens U niversity Mvsical Memories, Songs ond Scone5 Masons- Eady Years Sport England Heritage Lottery 127,1811 11371 13541 12351 12991 1651 16791 151,2011 11,3821 14,1771 127,1811 11371 13541 12351 1651 16791 118,9611 2,618 11,6671 32,240 4,OCO 2,510 16,976 1,070 161,9701 12,7891 11 ,0561 110,6181 167.6361 17,9831 119,8821 12.2651 133,CK)81 144,9941 11,7191 11,0561 45.844 56.462 67.694 9,840 19.882 3,375 37,543 1,857 4.535 251,893 1292,9171 141.0241 TOTAL FUNDS 1.438,375 11,529,097) 190,7221 Transfers belween funds The transfers in respect of Th8 Street reflect loan repayments being funded from unreslricted funds. RELATED PARTY DISCLOSURES Some of the charity's trustees and officers sit on local councils,, heolth care Irusls and other similar bodies which award gronts to Coost and Vale Community Action. During the year the charity received income of £5,00012023." £nill in donalions from Scarborough Business Ambassadors of whom Mr R Grunwell is a director. During the year the charity received income of £3,241 12023., £5,092) and made purchases of £nil 12023, £3831 from bvsinesses run by Mr G Baumann, who is also a twstee of the charily. These Iransoction were caThied oul on normal commercial tems and, at the year-end. an omount of nil 12023: £nill wos outstanding. Page 31 continued...
COAST AND VALE COMMUNITY ACTION NOTES TO THE FINANCIAL STATEMENTS - continued For The Yeor Ended 31 March 2024 23. ULTIMATE CQNTROLLING PARTY The charity is under the control of Ihe board of trustees. 24. FUNDS HELD AS CUSTODIAN TRUSTEE OR AGENT During the yeor the charity held funds as an agenl and custodian on behalf of other5. The funds held were as follows- Balance held at I April 2023 Balance held at 31 March 2024 Fund5 Received Funds Paid Over Organisation Latvis Green Lane Community Connections SBC Locality Fundlv Austin Calm and Connect (Baby Masgagel NYCC Get Going GrantlEmre (Easy Peasy Footbolll HD Adventure £608 £2,623 £608 £2.623 £40 £913 £40 £913 £i.000 £i,(KJo £i,oc £i,(xJo Tolal £5,184 £I.OCKJ £5,576 £608 Page 32