Registered number: 3328219 Charity number: 1062446 BURNLEY, PENDLE & ROSSENDALE COUNCIL FOR VOLUNTARY SERVICE (A company limited by guarantee) AUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
BURNLEY. PENDLE & ROSSENDALE COUNCIL FOR VOLUNTARY SERVICE IA company limited by guarantee CONTENTS Page Reference and administrative details of the charity, its trustees and advise Trustees, report 2-11 Independent auditors, report 12-15 ststement of financial activities 16 Balance sheet 17 Statement of cash flows 18 Notes to the financial statements 19-37
BURNLEY, PENDLE & ROSSENDALE COUNCIL FOR VOLUNTARY SERVICE (A company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025 Trustees Mr P Mousdale (appointed 27 November 2024) Mrs M Lishman Mrs B Ashworth Mr P Kenyon Ms S lftikhar Ms B Marshall Mr H Thomas Ms S shLlew0rth Mrs N Zaman {resigned 27 November 2024) Mrs J Oakes Ms B Foster Company registered number 3328219 Charlty registered number 1062446 Registered office 62- 64 Yorkshire Street, Burnley, Lancashire, BB112AL Chief executive officer Mrs C Blythe Independent auditopJ Smith and Goulding Ltd, 2 Southport Road, Chorley, PR7 1LB Bankers Wirgin Money, 25 Manchester Road, Burnley, Lancashire, BB111HX Solicitors Southerns, Lodge House, 2nd Floor, Cow Lane, Burnl8y, Lancashire, BB111NN Page 1
BURNLEY, PENDLE &ROSSENDALE COUNCILFOR VOLUNTARYSERVICE IA company limited by guarantee TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their annual report together with the audited financial statements of the company for the 1 April 2024 to 31 March 2025. The Trustees confimi that the Annual Report and financial statements of the company comply with the current statutory requirements, the requirernents of the company's governing document and the provisions of the Statement of Recommended Practice (SORP), 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} as amended by Update Bulletin 1 (effective 1 January 2019). Since the company qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required. Objectives and Activities a. CHAIRMAN'S REPORT This year certainly seems to have gone really quickly. Operating in an increasingly difficult and challenging environment BPRCVS has again risen to the task and forged ahead with new opportunities, developing and growing partnerships, coping with the day to day obstacles and ensuring that the needs of our member organisations are responded to. The past year has continued to be dominated by uncertainties in the external environment in which we operate and as always, the organisation (thanks to an amazing staff team and brilliant volunteers) continued to be motivated in their roles of helping others. They continue to respond swiftly and effectively in response to the incr@asing demand. We are witnessing this pattern of increased demand and redUd funding affecting capacity across the sector. Trustees made the difficult decision to once again continue to deliver services using our reserves. This situation is kept under constant review , however as we know that it cannot continue for long. We know that many charities are not in quite as fortunate position and have had to make redundancies. Over the last few years, we have seen the need to work differently whilst balancing finance, responding, and supporting the many 100's of, in the main smaller volunteer led organisations that rety on us to help them help others. As trustees we value our staff and ensure that they and our volunteers have much needed time to recharge their batteries. We are also aware that we cannot compete with private and public sector when it comes to salaries and other staff benefrts. Neither can we offer permanent roles as funding is often time limited. However we have been fortunate that we have not had to make redundancies atthough we have had to operate 'at risk" to avoid this and ensure we didn't lose our staff unne$sary. Luckily everything worked out- for this year l! There is more information in our monthly, quarterly and Annual Impact Reports about exactty what was done and how during the year. The figures evidence the increasing demand on us as an organisation. The established relationships and partnerships stood us in good ste8d, and we have continued to expand our networks responding to new issues and helping to find immediate solutions. Trustees played an active role in supporting our Chief Offir, her senior team the staff and volunteers throughout. Everyone plays a crucial part in ensuring BPRCVS can continue the work it began in 1935 and as we begin to celebrate our 90 years we can honestly say our mission has never changed, and we continue to look for opportunities that helps people to help others. The voluntary, community and faith sector in all its many guises and at all levels from the national to the small volunteer led local group play a vital part in supporting others. On a daily basis we see and hear stories that make us proud to be involved and play our part in enabling others to do what they do so brilliantly well. Page 2
BURNLEY, PENDLE& ROSSENDALE COUNCIL FORVOLUNTARY SERVICE (A company limited by guarantee) TRUSTEES. REPORT (continued) FOR THEYEAR ENDED 31 MARCH 2025 As in recent years the Trustees, Report provides a great deal of information regarding the Charrty's operation in the year under review and to offer thoughts on future activities. CVS staff and our accountants and auditor have again assisted a great deal to ensure that the presentation of the financial details comply with relevant accounting requirements. These reflect 8 true state of the affairs of the charty and enable comparison with previous yearfs figures. During the year we met all the usual conditions and criteria from our seiCe level and grant Agreements and increased requirements for monitoring. It is pleasing to note that once again all our funders and partners have been content with the information that we provided when they formalty reviewed this in discussions with us. They were accepting of the challenges we faced in balancing essential delivery against reporting deadlines. In the year under review, we have continued to consider staffing because of the funding in place. As mentioned earlier trustees have committed to using some reserves - in line with our policies - to ensure that we have staff in place to deliver projects. This was even more important as the organisation continued to respond to ever increasing demand. I would like to conclude this report by extending thanks to a number of people and organisations. No business is effective without a leader, and we have a Chief Officer who is prepared to deal with the challenges that inevitably occur. Christine has been ably supported by her senior team. My thanks also go to the following organisations who have supported us during the year. Our accountants CW Accounting. our auditors Smith and Goulding, our solicitors Southerns and our key funders and partners, Burnley Borough Council, Pendle Borough Council and Rossendale Borough Council, Lancashire County Council. l also thank The Lancashire and South Cumbria integrated care l)oard, the Primary Care Networks, Public Health, Lancashire Association of CVS, Little Green Bus (consortium lead for Lancashire Communty Transport) Big Lottery -Reaching Communities, Eric Wright Trust, Communty CVS. We have lots of funders and receive donations from many other organisations and individuals to provide resource for our programmes of work. My thanks go to all of them. Without their support and belief in our organisation to support others it would not be possible for us to do everything that we do. Support has also come from many other organisations with donations to our Children and Young People department, Communicars and to our food share operating from our G8nnow building. This additional funding provides these projects with the "extras. which make all the difference to people's lives. Finally, l extend my appreciation to everyone involved with BPRCVS, in particular staff and Volunteers and my fellow trustees. Margaret Lishman Chair. b. OBJECTIVES AND ACTIVITIES OF THE CHARITY The Charity's objects and its principal activities continue to be the promotion of any charitable purpose for the benefit of the communty in Lancashire., to promote, co-ordinate, support and develop communty activities and to unite citizens of all classes, both men and women, irrespedive of political or religious opinion, in the promotion of health and social welfare. The Charity is a Local Support and Development Organisation which exists to develop, support and promote voluntary action and charitable activty. This activity can be summarised in six key statements.. ilwe provide a range of support services to groups such as training, information, advice, payroll and office Page 3
BURNLEY. PENDLE & ROSSENDALE COUNCIL FOR VOLUNTARY SERVICE (A company limited by guarantee) TRUSTEES. REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2026 functions including access to sources of funding and constitutional advice., iilwe, through contact with individuals and groups, identfy gaps in th8 provision of services and develop initiatives to meet those needs- (iii) We bring together voluntary, community and faith organisations to discuss issues of common concem. This helps avoid duplication of effort and helps to ensure that groups work together., We help to disseminate information about ststLrtory service provision and development", (v) We represent the views of the voluntary sector on many statutory led committees" (vi) We are engaged in strategic partnership activity. In addition, the charity delivers direct services to the community. In setting and reviewing our objectives and planning our activities, the Trustees have given careful consideration to the Charity Commission's General Guidance on public benefit. Our work is designed Achlevèments and perforniance a. REVIEW OF ACTIVITIES During the financial year there continued to be a state of uncertainty as Covid restrictions eased. The impact of the rises of Cost of Living impacted on many organisations and despite rising costs for CVS we maintained existing prices for our tenant groups. Sadly we saw a long established tenant move on to new premises and trustees continue to monitor the impact of empty rooms, increasing costs and essential maintenance. We responded to ever increasing demands and needs for our serVIS from VCF organisations and people affected by the changing environment and the impact of the rising cost of living. We are grateful for the support we received in return from our stakeholders and funders including local councils and health seNices which enabled us to act quickly and proactively to help those most in need. This was not without its challenges and the successful delivery is testament to the dedication and commitment of everyone invofved. We maintained all our project activity and trustees committed to supporting those where funding doesn't cover full costs. We remain fortunate in having the ability to bring additional benefits to projects from our wide range of activities and a reserves policy which enables some flexibility The yearfs key objectives and the impact of our achievements are summarised below. There is more information in our Annual Impact Report. The CEO and operations manager responded to rising requests for CVS presence at strategic networking events as the representative of the wider VCF sector in each of our 3 districts bit also across the EastlPennine, Lancashire wide and at a National level. In order to complete that role we have maintained networks and developed other systems to gather information. Total over 670 and rising Our CEO remains as a trustee on NAVCA (national association of voluntary communty action) and we retain membership of other bodies to support our governance and influencing role. 113 groups received a total of £787615.93 in grants & 22 families were supported through funding facilitated by BPRCVS,. Funders included ICB (integrated care board> Eric Wright, over 50's grants through LCC (Lancashire county council, UKSP Burn18y, Adult personal health budget grants and children & young people mental health personal heatth budgets. We have retained our status as an accredited volunteer centre Page 4
BURNLEY. PENDLE& ROSSENDALE COUNCIL FORVOLUNTARY SERVICE {A company limited by guarantee) TRUSTEES. REPORT (continued) FOR THEYEAR ENDED 31 MARCH 2025 Volunteers across all BPRCVS projects provided over 16600 volunteer hours which gave an estimated added value of over £190540 (Calculated at £11.44 (national minimum wage). Many staff also 'volunteered" evenings and weekends to attend events across our districts. A huge increase from our previous year Our volunteer hub (in its 2nd year of funding through the National Lottery supported 104 organisations to fill volunteer roles We provided in-depth support to over 2270 (almost double the number of the previous year} organisations providing a broad range of development and capacty building support and training from advice on establishment to governance to funding information and support for expansion. Over 1000 were unique (new to CVS support) Our website continues to attract thousands of visitors with many rning back for further information. Followers to our F8boOk and Twitter accounts continue to incresse and our reach was again increased to almost 420,000. Steady engagement with followers to our info-share newsletters indicates real interest in the valuable infonnation we provide. Numbers of people attending our 2 buildings have again almost doubled over the year with almost 16200 visitors. Over 800 parcels have been issued to support our local residents. Our volunteers have provided 3156 meals to people attending our community cafe. Our Yorkshire St building is a collection point for food hampers from the BFCIC {Bumley FC in the community) food bank We have maintained a lease on office space in the A8 & D Centre in Bacup and continue to look at options across Pendle (Nelson) The social prescribing programme team increased and together received and completed actions again supported 2500 people. This figure does not reflect figures for Burnley west link workers or Rossendale PCN'S (primary care neork) link workers. There is still an increasing demand for support. Monthly figures and case studies are collated and circulated Our Children and Young People link workers in Pendle west PCN supported 63 young people. Our safeguarding team provided support and guidance as we evidenced an increase in safeguarding concerns. Our Volunteer Transport scheme has seen a dip in joumeys over this year but still provided over 1200 journeys & registered new passengers. The mini bus enabled 16 VCF organisations and projects to complete 19 journeys We work with LACVS in delivering a 5 year project funded by the national Lottery. Local (locally organised communities across Lancashire). BPRCVS carry out the finance and HR (human resource) function for LACVS and we receive a contribution towards the Chief Officers time. The project has evidenced a notable rise in the profile and need for local infrastructure across the County and BPRCVS have been cited as a great example. We also began the role of supporting the Lancashire place in a new 3 year project - Volunteering for Health. Our services and support are available to members and non-members alike although some require fully paid-up membership. No Trustee has received any private benefrt from the charity. b. INVESTMENT POLICY AND PERFORMANCE Under the Articles of Associalion, CVS has the power to make any investment which the Executive Committee Members see fit. The Committee has considered the most appropriate policy for investing funds and has found that specialised unit trusts, designed for the charity sector, meet their requirements ethically and on a long tem view to generate both income and capttal growth. The Executive Committee consider the retum on investment to be satisfactory given the difficult current economic market. The rate of interest achieved on bank deposits ranged from approximately 0.75% to 1.65% which is poor but the best that can be obtained given the current market rates. The charity will continue to actively look to achieve the best possible return on its investments. Financial review Page 5
BURNLEY, PENDLE & ROSSENDALE COUNCIL FOR VOLUNTARY SERVICE (A company Ilmited by guarantee) TRUSTEES, REPORT Icontinued) FOR THE YEAR ENDED 31 MARCH 2025 a. GOING CONCERN After making appropriate enquiries, the trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going Concem basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies. b. PRINCIPAL RISKS AND UNCERTAINTIES The trustees have a risk managemenl strategy which comprises: -an annual review of the principal risks and uncertainties that the charity faces- the establishment of policies, systems and procedures to mitigate those risks identified in the annual review; and the implementstion of proTrdures desrgned to minimise or manage any potential impact on the charity should those risks materialise. This work has identified that financial sustainability is the major financial risk for the charity. A key element in the management of financial risk is a regular review of available liquid fLbnds to settle debts as they fall due, regular liaison with the bank, and active management of trade debtors and creditors balances to ensure sufficient working capital by the charty. Attention has also been focused on non-financial risks arising from fire, health and safety of staff, volunteers and the public. These risks are managed by ensuring relevant accreditation is up to date, having robust policies and procedures in pla, and regular awareness training for staff. Signfficant Events Burnley Pendle & Rossendale Council for Voluntary seiCe adopted and approved a business continuity plan which is reviewed and amended on an annual basis. The purpose of this business continuty plan is to prepare Burnley, Pendle & Rossendale Council for Voluntary Service in the event of extended service outages caused by factors beyond our control (e.g., natural disasters, man-made events), and to restore services to the widest extent possible in a minimum time frame. All Burnley, Pendle & Rossendale Council for Voluntary SeNice sites are expected to implement preventive measures whenever possible to minimize operational disruptions and to recover as rapidly as possible when an incident occurs. The plan identifies vulnerabilities and recommends necessary measures to prevent exiended communications service OLrtages. It is a plan that encompasses all Burnley, Pendle & Rossendale Council for Voluntary Service outreach sites and operations facilities. This plan enabled CVS to react quickty, effectively and efficiently over the 12-month period of this report as the rise in the cost of living crisis impacted on people and the sector as a whole whilst many were still being affected by the COVID pandemic. The plan will be reviewed following the AGM and updated with learning. c. RESERVES POLICY The Executive Committee have established a policy whereby the unrestricted funds not committed or invested in fixed assets ("the free reseNes ) held by CVS should be approximately six months of total income. At this level. the Executive Committee feels that they would be able to continue the current activities of CVS in the event of a short-term unexpected drop in funding. It would obviously be necessary to consider how the funding would be replaced or activities Changed were this to happen. Page 6
BURNLEY. PENDLE& ROSSENDALE COUNCIL FOR VOLUNTARY SERVICE (A company limited by guarantse) TRUSTEES. REPORT {continued) FOR THEYEAR ENDED31 MARCH 2025 The Trustees have considered the need for the Charity to sustain a level of reserves commensurate with its needs. In doing so, the Trustees have reflected that: . funding is not always clear or confimied at the start of any financial year- funding is often paid in arrears-, the Charity has an obligation to pay its bills expeditiously some staff contracts will be fixed tetm, limited to specific projects or permanent and, in the light of changing legislation. will attract redundancy pay entitlement. The Trustees recognise that the charity is now at that state and will continue to monitor both the level and impact. The trustees are investing the free reserves to support the charity's activities. d. SURPLUSI DEFICIT The Statement of Financial Activities shows net def1t for the year of £123,812 (2024 - deficit - £155.918) and our reserves stand at £1,046,724 in total (2024 - £1,170,536), as shown on the balance sheet. The net deficit for the year of £123,812 is made up of a deficit of £138,497 on unrestricted funds and a surplus of £14.685 on restricted funds. A restatement has been reported to restricted and unrestricted funds. During the year, the Trustees identified that two of the restricted funds (The CVS Centre Running Costs and CVS Gannow Community Cenlre running costs) whilst in the past had been restricted. are no longer to be considered as such. On the basis of this review, the Trustees considered that these fund should have been reported as unrestricted in the prior year. Accordingly, a prior year adjustment has been made to correct for this and the 2024 comparatives amounts have therefore been restated. e. GRANT MAKING POLICY CVS receives monies from various bodies which li then seeks to distribute to organisations and individuals in response to applications sought and reoived. In particular, CVS invites applications for funding to the ICB Prescription for Wellbeing Grant, the Gannow Big Local Communty Fund and the Eric Wright Charitable Trust. Applications are considered by independent funding panels that are convened by CVS with appropriate expertise and representation to ensure impartial-ty. The panel independently I collectively review each application against specific crrteria, set by the agency which gave the initial monies to CVS to administer. If the grant application is approved, CVS advises the applicant, provides constructive feedback (on request}. and offer appropriate post application support. The successful applicant will receive the Tems and Conditions and evaluation process. CVS will continue to provide support to all successful applicants during the life cycle of the grant fund Additionally, CVS distributes invested funds to provide relief for distress suffered by families in the Burnley area. It distributes sums amounting to no more than the annual interest and reserves from the investment fvnd each year. Criteria for the distribution of such grants are specified in the Trust Deed and the distribution policy is reviewed annually by the Trustees. Applications must come from an intermediary organisation and grants are paid to suppliers of services and goods not in cash to the family in distress. Other mISlIaneouS amounts of money are received by CVS from a variety of sources on an ad hoc basis. Such grants are paid out by CVS in accordance with any instructions specified by the original grant donor. Funds for CVS grant making are restricted or designated funds from donations, grants or funding arrangements made to CVS. Structurei govemance and management a. CONSTITUTION Page 7
BURNLEY. PENDLE & ROSSENDALE COUNCIL FOR VOLUNTARY SERVICE (A company limitad by guarantee) TRUSTEES. REPORT (continued) FOR THEYEAR ENDED31 MARCH2025 The company is registered as a charitable company limited by guarantee and VRS set up by a Memorandum of Association on 27th August 1997 and amended on 16th September 2003. Further revised Arttcles of ASslatIon were adopted at the Annual General Meeting in September 2011. The company is constituted under a Memorandum of Association dated 27th August 1997 and is a registered charity number 1062446. b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association. c. PAY POLICY FOR SENIOR STAFF The directors, who 8re the Organisation's trustees, and the senior management team, comprise the key management personnel of the charity in charge of directing and controlling, running and operating the charity on a day to day basis. Related party transactions are in note 21 to the accounts. The pay of the senior staff is reviewed annually and nomially increased in accordance with average eamings. In view of the nature of the charty, the directors benchmark against pay levels in other similar organisations of a similar size run on a voluntary basis and using the NJC pay scales and other guidance issues by ACEVO and NAVCA. NJC scales are a local government pay scales, which are extensively used in the voluntary sector and are a result of negotiations between trade unions (Unite, Unison and GMB) and Local Government Association. Trustees carry out an annual salary review. If recruitment has proven difficult in the recent past a market addition is also paid with the pay maximum no greater than the highest benchmarked salary for a compardble role. d. ORGANISATIONAL STRUCTURE AND DECISION MAKING The charity is governed by ts Memorandum and Articles of Association adopted on 27th August 1997 and amended on 16th September 2003. Further revised Articles of Association were adopted at the Annual General Meeting in September 2011. The Board of Trustees is responsible for the overall governance of the charity. The Trustees and officers who served during the year and since the year end were as stated on page 1. Trustees are either elected or co-opted from the membership and the total number of trustees may not exceed 18. Trustees can either be elected by nomination from a member organisation or as an individual member. Elected trustees remain in office for three years and are eligible for re*lection, with one third of the Board being elected each year. Co-opted twstees are appointed by the Board of Trustees and see for the remainder of that operational year. In addition. the Local Authorities in the area are entitled to nominate representatives to the ExecutNe Committee and these are detailed on the foregoing statement of officèrs, professional advisors and registered ofFice. There is a strong and effective partnership between Trustees and staff which contributes significantly to the organisation's continued success. Twstees are required to meet at least five times per year. These meetings include four quarterly Board meetings where Trustees review strategy and operational activity and agree plans and budgets and the Annual General Meeting. In addition Trustees are encouraged to participate in at least one of the charity'.s sub-committees (Strategy and Finance). New Trustees and Local Authority representatives are given an Induction Pack containing everything they need to know about the charty and its work for effective and infomied decision making. Page 8
BURNLEY, PENDLE & ROSSENDALE COUNCIL FORVOLUNTARY SERVICE (A company limited by guarantee) TRUSTEES. REPORT Icontlnued) FOR THEYEAR ENDED31 MARCH 2025 The Board delegates the exercise of certain powers in connection with the management and administration of the charity as set out below. This is controlled by regular reporting back to the Executive Committee so that all decisions made can be ratified by the full board in due course. i) Strategy The purpose of this sub-committee is to gather and provide information, guidance and recommendations for the full Board of Trustees on the strategic direction and requirements of Bumley, Pendle & Rossendale Council for Voluntary Service. {ii) Finance The purpose of this sub-committee is to gather and provide information, guidance and recommendations for the full Board of Trustees on the financial direction and requirements of Burnley, Pendle & Rossendale Council for Voluntary Service. {iii) Chief Offr2r The Chief Officer manages the day to day administration of the charity and rts projects and is responsible for implementing policies agreed by the Executive Committee. The Chief Officer supports the other 37 members of staff together wtth short tem additional project personnel and volunteers as required from time to tim8. In addition, task and finish groups are set up as required in regard to The CVS Centre 8nd CVS Gannow Community Centre. e. RISK MANAGEMENT The Trustees have assessed the major risks to which the company is exposed, in particular those related to the operations and finances of the company, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks. Plans for future perlods . FUTURE DEVELOPMENTS During 2025126, we remain fortunate in that the bulk of our funding remains in place to deliver all of our activities during the year ending 31st March 2026. In 2025 BPRCVS will be 90 years old and we plan to have a year of celebration to mark the occasion. As a Local Infraslructure Organisation (LIO) we will continue to work to ensure we support the many VCF groups who need our support. We will review, develop and update our strategy and business plans to continue to develop our vision and model to deliver our objectives. We will develop opportunities to be the voice of our sector at a local, county, regional and national level. Recognising the need for mechanisms to gather information to feed in 8t strategic levels as well as disseminating information to our wider membership. We will work with partners to open opportunities to bid for grants and contracts to support delivery of our charitable objects. We will continue to develop and be involved in consortia to support the sector, especially with L4CVS (Lancashire Association of CVS). We will be actively involved in supporting delivery of the LACVS lottery funding project- Lancashire Local. We will continue to develop the positive relationships with our sister CVS in Hyndburn and Ribble valley especially in representing the wider VCF sector on the Sub delivery partnership for Lancashire Place. We will look to develop effective, proven as well as innovative ways of project delivery. Page 9
BURNLEY, PENDLE & ROSSENDALE COUNCIL FOR VOLUNTARY SERVICE (A company limited by guarantee) TRUSTEES, REPORT (continued FOR THE YEAR ENDED 31 MARCH 2025 We will work in partnership with statutory agencies to ensure that the sector influences policy development and se1 design. We will continue to strengthen and enhance our approach to impact measurement. We will review the facilities and usage of the BPRCVS buildings on Yorkshire St, Gannow Community Centre in Burnley, and our presence in Rossendale. We will continue to invest in our informatson technology and communications systems to improve the servitss we offer. We will continue to support our groups and volunteer programmes within the resources we have. We will continue to deliver the NHS Lancashire and South Cumbria's integrated care board (previously East Lancs Clinical Commissioning Group) Social Prescribing small grants scheme, the Social Connector programme and will continue to seek and develop opportunities and relationships to encourage statutory agency investment for this kind of support for our Voluntary, Community and Faith groups. We will continue to develop all of our existing project delivery: Group support and development (including acting as a grant facilitator), Volunteering and support for Volunteer Involving Organisations, Children and Young People seNices), Volunteer Community Transport We remain committed to developing the holistic approach to the social prescribing agenda working with the Integrated Care Board. The grant programmes we facilitate in particular provides some much needed resource for small VCF groups and is crucial for the destination pathways of referrals. We will develop and drive our volunteer hub project- supported by the national lottery. We will invest, from our reseNes wh@n needed and it is possible, to strengthen the core services offered and maintsin our crucial activities to support people. TRUSTEES. RESPONSIBILITIES STATEMENT The Trustees {who are also directors of Burnley, Pendle and Rossendale Council for Voluntary SeNice for the purposes 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. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of th8 charitable company and of the incoming resources and application of resources. including the income and expenditure, of the charit8ble company for th8t period. In preparing these financial statements, the Trustees are required to". select suitable accounting policies and then apply them consistently., ObSee the methods and principles in the Charities SORP., make judgments and accoL¢nting estimates that are reasonable and prudent., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. DISCLOSURE OF INFORMATION TO AUDITORS Each of the persons who are Trustees at the time when this Trustees, report is approved has confimed that: so far as that Trustee is aware, there is no relevant audit infonnation of which the charitable company's Page10
BURNLEY. PENDLE & ROSSENDALE COUNCIL FORVOLUNTARY SERVICE IA company limlted by guarantee) TRUSTEES. REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2025 auditors are unaware, and that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the charitable company's auditors are aware of that infomiation. This report W8s approved by the Trustees, on and signed on their behalf by: Trustee Page11
BURNLEY, PENDLE & ROSSENDALE COUNCIL FOR VOLUNTARY SERVICE (A company Ilmited by guarantee) INDEPENDENT AUDITORS. REPORTTOTHE MEMBERS OF BURNLEY. PENDLE & ROSSENDALE COUNCIL FORVOLUNTARY SERVICE OPINION We have audited the financial ststements of Burnley, Pendle & Rossendale Council for Voluntary Service (the 'charitable company'} for the year ended 31 March 2025 set out on pages 16 to 36. 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 Stsndard 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, including its income and expenditure 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 Charities Act 2011. BASIS FOR OPINION We conducted our audit in accordance with International Standards on Audrting (UK) (ISAS {UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial ststements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council'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 We have nothing to report in respect of the following matters in relation to which the ISAS (UK) require us to report to you where: the Trustees, use of the going concern basis of accounting in the preparation of the financial statements is not appropriate: or the Trustee5 have not disclosed in the financial statements any identified material uncertainties that may cast signrficant doubt about the charitable company's ability to continue to adopt the going concern basis of accounting for a period of at least bNelve months from the date when the financial statements are authorised for issue. OTHER INFORMATION The Trustees are responsible for the other infomiation. The other information comprises the information included in the Annual report, other than the financial statements and our Auditors. report thereon. Our opinion on the financial statements does not cover the other infomation and we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other infomiation and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in 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 there is a material misstatement in the financial statements or a material misstatement of the other infomation. If, based on the Page 12
BURNLEY, PENDLE & ROSSENDALECOUNCILFORVOLUNTARY SERVICE (A company limlted by guarantee) INDEPENDENT AUDITORS, REPORTTOTHEMEMBERS OF BURNLEY, PENDLE & ROSSENDALE COUNCIL FORVOLUNTARY SERVICE work we have perfomied, we conclude that there is a material misstatement of this other information, we are required to report that fact. W8 have nothing to report in this regard. MAThERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion: the information gNen in the Trustees, report is inconsistent in any material respect with the financial statements; or sufficient accounting records have not been kept., or the financial statements are not in agreement with the accounting records and returns; or we have not received all the infomation and explanations we require for our audit. RESPONSIBILITIES OF TRUSTEES As explained more fully in the Trustees, responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. 8nd for such internal control as the Trustees detennine 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 charitable company's ability to continue as a going concem, disclosing, as applicable, matters related to going concem and using the going concern basis of accounting unless the Trustees either intend to liquid8te the charitable company or to cease operations, or have no realistic alternative but to do so. AUDITORS. 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 Auditors, report that includes our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audii conducted in accordan with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material rf, indtvidually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uklauditorsresponsibilities. This description forms part of our Auditors. report. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, OLrtlined above, to detect material misstatements in respect of irregularities including fraud. Our approach to identifying and assessing the risks of material misstatement in Page 13
BURNLEY, PENDLE& ROSSENDALECOUNCILFORVOLUNTARYSERVICE (A company Ilmitsd by guarantee) INDEPENDENT AUDITORS. REPORTTOTHE MEMBERS OF BURNLEY. PENDLE & ROSSENDALE COUNCIL FOR VOLUNTARY SERVICE 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 ident-fy or recognise non-compliance with applicable laws and regulations; we identified the laws and regulations applicable to the charitable company through discussions with trustees and other management, and from our commercial knowledge and experience of the charity sector. we focused on specific laws and regulations which we considered may have a direct material effect on the financial statem@nts or the operations of the charity, including the Companies Act 2006, taxation legislation and data protection, employment, environmental and health and safety legislation., - we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence. and identified laws and regulations were communicated within the audit team regularly and the team remained alert to instan$ of non-compliance throughout 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 enquiries of management as to where they considered there was susceptibilty to fraud, their knowledge of actual, suspected and alleged fraud. and considering the intemal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias and override of controls, we.. performed anatytical procedures to identify any unusual or unexpected relationships- - tested joumal entries to identfy unusual transactions; and assessed whether judgements and assumptions made in detemiining the accounting estimates were indicative or potential bias. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, bLrt were not limited to.. agreeing financial statement disclosures to underlying supporting documentation; reading the minutes of meetings of those charged with governance., enquiring of management as to actual and potential litigation and claims., and reviewing correspondence with relevant regulators and the Company's legal advisors. There are inherent limitations in our audit pr¢xedures 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-complian. 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, rf any. Material misstatements that arise due to fraud can be harder to detect that those that arise from error as they may involve deliberate concealment or collusion. USE OF OUR REPORT This report is made solely to the charitable company'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 charitable company's trustees those matters we are required to state to them in an Auditors, report and for no other purpose. To the fullest extent pemiitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its trustees, as a body, for our audit work, for this report, or for the opinions we have fomied. Page 14
BURNLEY, PENDLE &ROSSENDALE COUNCIL FORVOLUNTARY SERVICE (A company Ilmited by guarantee) INDEPENDENT AUDITORS, REPORTTO THE MEMBERS OF BURNLEY, PENDLE & ROSSENDALE COUNCIL FOR VOLUNTARY SERVICE Andrew Simm Bsc FCA (Senlor Statutory Auditor for and on behalf of Smith & Goulding Ltd (Chartered Accountsnts and Senior Auditors) 2 Southport Road Chorley PR7 1LB Date: Smith and Goulding Ltd (Chartered Accountants and Senior Auditors) are eligible to act as auditors in terms of section 1212 of the Companies Act 2006. Page 15
8URNLEY, PENDLE &ROSSENDALE COUNCIL FORVOLUNTARYSERVICE IA company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrastrlcted Restri¢ted funds funds 2025 2025 Total funds 2025 Total funds 2024 Nots INCOME FROM: Donations and legacies Charitable activities Investments Other income 3,308 287,014 13,517 179,407 17,482 1,445,628 3,053 103,018 20,790 1,732,642 16,570 282A25 22.328 1,333.552 30,011 218,575 TOTAL INCOME 483.246 1.569,181 2,052N27 1,604,466 EXPENDITURE ON: Charbtable activities 621.580 1,551,188 2,172,768 1, 766,569 TOTAL EXPENDITURE 621,580 1.551,188 2,172,768 1, 766,569 NET INCOME I {EXPENDITURE) BEFORE INVESTMENT GAINSIILOSSESI Net gainslllosses) on investments NET INCOME I (EXPENDITURE) BEFORE TRANSFERS 1138,334 <3,471) 17,993 {q20,341) (3,471) (162, 103) 6, 185 {141,805) 3,308 17,993 13,308) {123,812) (155,918) Transfers between Funds NET INCOME I (EXPENDITURE) BEFORE OTHER RECOGNISED GAINS AND LOSSES 17 (138A97) 14,685 1123,812) (155,918) NETMOVEMENT IN FUNDS (138A97) 14,685 (123.812} (155,918) RECONCILIATION OF FUNDS: Total funds brought foNard RESTATED TOTALFUNDS BROUGHT FORWARD RESTATED 613,612 556,924 1,170,536 1,326,454 475.115 571,609 1,046,724 1, 1 TO,536 The notes on pages 19 to 36 form part of these financial statements. Page 16
BURNLEY, PENDLE & ROSSENDALE COUNCIL FOR VOLUNTARY SERVICE (A company limited by guarantee) REGISTERED NUMBER: 3328219 BALANCE SHEET ASAT 31 MARCH 2025 2024 RESTA TED 2025 Note FIXED ASSETS Tangible assets Investments 12 13 353,001 71,046 350.397 74,517 424.047 424,914 CURRENT ASSETS Debtors Cash at bank and in hand 14 191.219 600.031 61,053 749,957 791,250 811,010 CREDITORS: amounts falling due within one year 15 (168,573) (65,388) NET CURRENT ASSETS 622,677 745, 622 NET ASSETS 1,046,724 1, 170,536 CHARITY FUNDS Restricted funds Unrestrided funds 17 17 571.609 475.115 556,924 613,672 TOTAL FUNDS 1,046.724 1, 17Q,536 The company's financial sL*ements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The Trustees consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Ad 20C {"the Act") and members have not required the company to obtain an audit for the year in question in accordan with section 476 of the Act. However, an audit is required in accordance with section 144 of the Charities Act 2011. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial slatements. The financial statements were approved and authorised for issue by the Trustees on signed on their behalf, by.. and The notes on pages 19 to 36 form part of these financial statements. Page 17
BURNLEY. PENDLE & ROSSENDALECOUNCIL FORVOLUNTARYSERVICE (A company limited by guarantee) STATEMENT OF CASH FLOWS FOR THEYEAR ENDED31 MARCH 2025 2025 2024 Note Cash flows from operatlng activtties Net cash used in operating activiiies 19 (127,992) (62,028) Cash flowJ from investing activities: Dividends, interest and rents from investments Purchase oftangible fixed assets 3A71 (25,405) (6, 185) Net cash used in investing activities (21,934) (6, 185) Change in cash and cash equlvalents in the year Cash and cash equivalents brought fOard Cash and cash equivalents urried foNiard (149.926) 749.957 (68.213) 818. 170 20 600.031 749, 957 The notes on pages 19 to 36 form part of these financial statements. Page18
BURNLEY, PENDLE& ROSSENDALE COUNCILFORVOLUNTARYSERVICE IA company limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES 1.1 Basis of preparatlon of financial statements The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102} (effective 1 January 2019) (Charities SORP (FRS 102)), the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Burnley, Pendle & Rossendale Council for Voluntary Service meets the definition of a public benefrt entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. 1.2 Reconciliatlon with previous Generally Accepted Accounting Practice In preparing these accounts, the Trustees have considered whether in applying the accounting policies required by FRS 102 8nd the Charities SORP FRS 102 the restatement of comparative items was required. No restatements were required. 1.3 Company status The company is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liabilty in respect of the guarantee is limited to £1 per member of the company. Page 19
BURNLEY, PENDLE& ROSSENDALE COUNCIL FORVOLUNTARYSERVICE (A company Ilmtted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES (continued) 1.4 Income All income is recognised once the company has entitlement to the income, rt is probable that the income will be received and the amount of income receivable can be measured reliably. For legacies, entitlement is taken as the earlier of the date on which either.. the company is aware that probate has been granted, the estate has been finalised and notification has been made by the executor{s) to the Trust that a distribution will be made, or when 8 distribution is received from the estate. Receipt of 8 legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the company has been notified of the executors intention to make a distribution, Where legacies have been notified to the company, or the company is aware of the granting of probate, and the criteria for income recognition h8ve not been met, then the legacy is treated as a conting8nt asset and disclosed if material. Donated services or facilities are recognised when the company has control over the item, any condition5 associated with the donated item have been met, the receipt of economic benefit from the use of the company of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP {FRS 102}, the general volunteer time of the Friends is not recognised and refer to the Trustees, report for more information about their contribution. On receipl, donated professional servitss and donated facilities are recognised on the basis of the value of the gift to the company which is the amount the company would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market- a corresponding amount is then recognised in expendrture in the period of receipt. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Income tsx recoverable in relation to investment income is recognised at the time the investment income is receivable. Page 20
BURNLEY, PENDLE & ROSSENDALE COUNCILFORVOLUNTARY SERVICE (A company limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POUCIES {contlnued) 1.5 Expenditure Expenditure is recognised On there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classffied by activity. The St$ of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributsble to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned beeen those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Support costs are those costs incurred directly in support of expenditure on the objects of the company and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the company and compliance with constitutional and ststutory requirements. Charitable activities and Govemance costs are costs incurred on the company's operations, including support costs and costs relating to the governance of the company apportioned to charitable activities. Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure. 1.6 Tanglble fixed assets and depreciatlon All assets costing more than £1,000 are capitalised. A review for impainnent of a fixed asset is carried out rf events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls beeen the carrying value of fixed assets and their recoverable amounts are recognised as impaiments. Impainnent losses are recognised in the Statement of financial activities incorporating income and expenditure account. Tangible fed assets are carried at cost, net of deprecialion and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value. over their expected useful Sives on the following bases: 20/0 Straight line 25Q/o reducing balance 150/(Tr - 250/0 Straight line Freehold propety Motor vehicles Fixtures and fittings 1.7 Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company., this is nomially upon notification of the interest paid or payable by the Bank. Page 21
BURNLEY, PENDLE & ROSSENDALE COUNCIL FORVOLUNTARY SERVICE (A company limited by guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POUCIES (continued) 1.8 Debtors Trade and other debtors are recognised at the settlement amount after any trad8 discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 1.9 Cash at Bank and in hand Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 1.10 Llabilities and provislons Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges. 1.11 Financial instruments The company only has financial assets and financial liabilities of a kind that qualify as basic financial instrumenls. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 1.12 Pensions The pensions costs charged in the financial statements represent the contribution5 payable by the charity during the year. 1.13 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and 8dministering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes lo the financial statements. Page 22
BURNLEY, PENDLE&ROSSENDALE COUNCIL FORVOLUNTARYSERVICE {A company limited by guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 INCOME FROM DONATIONSAND LEGACIES Unrestrfcted Restrict•d funds funds 2025 2025 Total funds 2025 Total funds 2024 Donations 3,308 17,482 20,790 22,328 Total 2024 7,839 14,489 22,328 INCOME FROM CHARITABLE ACTIVITIES Unrestricted funds 2025 Restrictsd funds 2025 Total funds 2025 Total funds 2024 Charity activities 287.014 1A45,628 1,732,642 1,333,552 Total 2024 213,569 1, 119,983 1,333,552 ANALYSIS OF INCOME FROM CHARITABLE ACTIVITIES BY TYPE OF INCOME Total funds 2025 Total funds 2024 Charitable Activities 1,732,642 1,333,552 1,732.fA2 1,333,552 Total 2024 1,333,552 Page 23
BURNLEY, PENDLE& ROSSENDALE COUNCIL FORVOLUNTARY SERVICE (A company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Income from Charltable Actlvltigs and Other Income 2025 2024 SLA Grants (See below) Rents and Seryice Charge Receivable Payroll Bureau Fees Membership Fees Administration Fees Other Seminarsl Room Hire 1,732,642 59,24S 3,761 2,085 163,630 16,553 37,151 1,333,552 70,438 2, 837 2,235 104,911 6,696 31,458 Totsl 2,015,067 1,552,127 SLA Grants 2025 2024 Burnley Borough Council Lancashire County Council Pendle Borough Council Population Heah Management NHS East Lancs CCG NHS Blackburn with Daen CCG National Lottery Community Fund LA CVS Little Green 8us National Association of Social Prescribing cvs Spring North NHS Lancashire and South Cumbria LCC Local Member Grant The Calico Group Other NHS Foundation - L&SC Big Local Trust Communty CVS Garfield Western Fund transfers Police and crime commissioner East Lancashire NHS PCN Eric Wright Trust 696,455 750 93,425 174,256 22,000 lQ,000 12,491 389,361 223 63,476 1,011 34,485 52,968 356,146 78,027 34,333 20.620 354,022 824 92,851 8,157 18,371 12, 130 31,268 48,472 57,373 25,000 7,601 6,667 261,786 50,000 9,599 18,605 14,941 Total 1,732,642 1,333,552 Page 24
BURNLEY, PENDLE & ROSSENDALE COUNCIL FORVOLUNTARYSERVICE (A company limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 INVESTMENT INCOME UnrtrICted Restricted funds funds 2025 2025 Total funds 2025 Total funds 2024 Investment income 13,517 3.OS3 16,670 30,011 Total 2024 28,017 1,994 30,011 GRANTS PAYABLE Grants to Organisatio ns 2025 Total 2025 Tolal 2024 Grants payable 837,059 837.059 359,243 Total 2024 359,243 359,243 GOVERNANCE COSTS Unrestricted funds 2025 Restricted funds 2025 Total funds 2025 Total funds 2024 Govemance Auditorsl Accountsnts. costs 13.598 13,598 6,243 Page 25
BURNLEY, PENDLE& ROSSENDALE COUNCIL FORVOLUNTARYSERVICE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 14. DEBTORS 2025 2024 Trade deblors Prepayments and accrued income 179,338 11,881 47, 151 13,902 191,219 61,053 15. CREDITORS: Amounts falling due within one year 2025 2024 Othertaxation and social security (see below) Other creditors Accruals and deferred income 4,636 163,937 6,839 58,549 168,573 65,388 2025 Deferred income Deferred income at 1 April 2024 Resources deferred during the year Amounts released from previous years 49,635 154,263 149,635) Deferred income at 31 March 2025 154,263 16. PRIOR YEAR ADJUSTMENT During the year, the Trustees identified that of the restricted funds (The CVS Centre Running Costs and CVS Gannow Community Centre running costs) whilst in the past had been restricted. are no longer to be considered as such. On the basis of this review, the Trustees considered that these fund should have been reported as unrestricted in the prior year. Accordingly, a prior year adjustment has been made to correct for this and the 2024 comparatives amounts have therefore been restated. The impact of the prior year adjustment was to reduce income to restricted funds in the 2024 comparative amounts by £118,170 and increase income to unrestricted funds by the same amount. Expenditure from restricted funds was reduced by £144,812 and increased from unrestricted funds by the same amount. This adjustment also increased restricted funds as at 31 March 2024 by £45,838 and reduced unrestricted funds by the same amount. Page 29
BURNLEY, PENDLE & ROSSENDALE COUNCIL FOR VOLUNTARY SERVICE (A company limited by guarantse) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 DIRECT COSTS 2025 2024 Costs Directly Allocated to Activities= Staff Costs (Including on costs) Travel and other expenses- Staff Travel and other expenses -volunteer Grants paid Direct expenditure for community projects Other Expenses Respite costs Support Cost5 Allocated to Activities.. Premises costs General office and finance staff Training costs Project administrative fees Communications Advertising, fees and subscriptions Depreciation Other Expenses Accountancy 761,241 5,131 11,244 837,059 18,903 793,882 5,510 15,595 359,243 73. 786 2.415 1,710 140,750 173,035 128,212 246,070 8, 734 91,188 11,294 4, 745 20,238 173,616 12,889 22,801 13,598 6,243 2,172,768 1, 766,569 NET INCOMEI(EXPENDITURE This is stated after charging: 2025 2024 Depreciation of tangible fixed assets- - owned by the charity Auditors, and accountants costs 22.801 13,598 20, 238 6,243 During the year, no Trustees received any remuneration (2024 - £NIL}. During the year, no Trustees received any benefrts in kind (2024- £NIL}. During the year, no Trustees received any reimbursement of expenses (2024 - £NIL). 10. AUDITORS, REMUNERATION The Auditor's remuneration amounts to £6,000 -2024 - £6,000 Page 26
BURNLEY, PENDLE& ROSSENDALE COUNCIL FORVOLUNTARY SERVICE {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 11. STAFF COSTS Staff Costs were as follows.. 2025 2024 Wages and salaries Social security costs Other pension costs 827,338 71,501 35.437 925,408 71,966 42,598 934,276 1,039,972 The average number of persons employed by the company during the year was as follows.. 2025 2024 Direct Charitable Work Administrative 21 11 21 11 32 The numberof higher paid employees VRS: 2025 No. 2024 In the band £60,001- £70,000 The charity trustees were not paid or received any other benefrts from employment with CVS in the year {2024.'NIL ) neither were they reimbursed expenses during the year (2024 . NIL). No charity trustees received payment for professional or other services supplied to the charity. The key management personnel comprise the charity trustees, the Chief Executive Officer, the Finan and HR Officer and the Senior Development Officer. The total employee benefits of the key management personnel of CVS were £143,59112024: £158,779), Page 27
BURNLEY, PENDLE & ROSSENDALE COUNCIL FORVOLUNTARY SERVICE (A company limited by guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 12. TANGIBLE FIXED ASSETS Freehold property Motor Fixtures and vehicles fittings Total Cost At 1 April 2024 Additions 528.155 39,000 170,766 25,405 737,921 25,405 At 31 March 2025 528.155 39,000 196,171 763.326 Depreciation At 1 April 2024 Charge for the year 206,783 10.563 23,129 3,968 157.612 8,270 387,524 22,801 At 31 March 2025 217,346 27.097 165,882 410.325 Net book value At 31 March 2025 310,809 11,903 30,289 353,001 At 31 Mah 2024 321,372 15,871 13, 154 350,397 13. FIXED ASSET INVESTMENTS Trade investments Market value At 1 April 2024 Fair value adjustment 74.517 (3,471) At 31 March 2025 71.046 Investments at market value comprise: 2025 2024 Trade investments 71,046 74,517 All the fixed asset investments are held in the UK Page 28
BURNLEY, PENDLE& ROSSENDALE COUNCIL FORVOLUNTARYSERVICE {A company limited by guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 17. STATEMENT OF FUNDS STATEMENTOF FUNDS- CURRENTYEAR Balance at 31 March 2025 Balance at 1 April 2024 Transfers inlout Gainsl (Lossesl Income Expenditure Unrestrlcted funds General Funds 613,612 483,246 1621,580) 3,308 13,471 475.115 Restricted funds Distress Relief Communicars Prescription for Wellbeing Young Carers Social Prescribing Link Worker Young Carers- Respite The CVS centre - Building CVS Gannow Community Centre- Building Eric Wright Small Grants Scheme Children and Young People's MH Personal Budgets Children In Need- Minibus UK SP Community and Places UK SP People and Skills Adult MM Personal Health Volunteering for wllbeing & community hub Social Isolation grants LACVS Volunteering Health Burnley Com Coh & R Grants Pendle Com Coh & R Grants 81,277 3.053 15.000 342,099 16,946) 77,384 (15,006) 1345,058) 42,883 1544) 39,924 42.319 3,844 187,470 260,364 {258,860) {2,414) {7,563) 43,823 5,018 179,907 3,088 128,000 (3.000) 125,000 8.965 52,841 {61,673) 133 12,027 11,388) 10,639 15,406 13,968) 11,438 222 (718) 26,024 593.222 72,851 (593,444) 172,249) (5A36) {116} 20,588 9,594 155 85,878 (78.071) 1155) 17,401 20,620 (16,3891 4231 68,603 163,604) 4,999 54,150 122,910) 31,240 556,924 1,569,181 {1.551,188 (3,3081 571,609 Total of funds 1,170.536 2.052,427 (2.172,768 13,471) 1.046.724 Page 30
BURNLEY, PENDLE & ROSSENDALE COUNCIL FORVOLUNTARY SERVICE IA company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 17. STATEMENT OF FUNDS {contInu) STATEMENT OF FUNDS- PRIOR YEAR Balance at 31 March 2024 RESTA TED Balance al 1 April 2023 Transfers Income Expenditure in/out RESTA TED RESTA TED RESTA TED Gains/ (Losses) General Funds 816,293 482, 689 (652,432) (39, 123) 6,185 613,612 Restrlctèd funds Distress Relief Communicars Prescription for Wellbeing Young Carers Emergency Assistance Grants Programme Soci81 Prescribing Link Worker Young Carers- Respite Young Carers Female Empowerment The CVS Centre- Running CVS Gannow Community Centre- Running The CVS centre- Building CVS Gannow Communty Centre- Building Big Local Eric Wright Small Grants Scheme Population Health Management Children 8nd Young People's MH Personal Budgets Kickstart pl8ment scheme Children In Need - Minibus Household Support Scheme UK SP Community and Places UK SP People and Skills Aduli MM Personal Health Volunteering for wllbeing & community hub Social Isolation grants 77,681 1,994 15,272 342,818 24,937 1, 602 81,277 (15,272) {332,4 14) (30,976) 32,479 5,495 42,883 (544) 6,399 (6,399) 34,667 5,054 389,361 (381, 709) (1,710) 42,319 3, 844 7,880 (35) (7,845) (100,255) 100,255 54,417 195,033 (54,417) (7,563) 187,470 137,000 9. 735 (3,000) (58,207) 128,000 48,472 11,774 15,604 (18,473) 8,965 3,504 (3,504) 13.588 (1,561) 12,027 1,011 (1,553) 542 20, 696 (5,290) 15,406 1,014 (1,014) 152,506 18,371 30,000 (152,284) (19,089) (3,976) 222 (718) 26,024 63,931 17,000 (54,337) (16,845) 9, 594 155 510, 161 1, 121,777 (1, 115, 151) 40, 137 556,924 Page 31
BURNLEY, PENDLE & ROSSENDALECOUNCIL FORVOLUNTARYSERVICE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 17. STATEMENT OF FUNDS (continued) RESTRICTED FUNDS Dlstress Relief This fund was set up to provide financial assistance to people in distress within the area of Bum*. Prescription forwallbelng The purpose of this fund is to provide three strands of complement8ry activity'.- a programme of grants to be made available to small voluntary, community and faith groups to deliver activities supporting the East Lancs. Clinical Commissioning Group's strategic aims., engagement activity SUPPOrt where engagement and partnership brings together groups to complement activity., and a communty navigator programme to provide handholding support to enable individu81s to access community 8Ctivily. Population Health Management A grant programme facilitated on behalf ofthe Integrated care Board {ICBI UK Shared Prosperity Community and Places A grant programme facilitated on behalf of Burnley Borough Council Social Prescrlblng Link Worker Project A national project of support which enables each PCN (primary car8 network) to fund a Social Prescribing link worker. The link vnrkers in our area are employed by CVS on behalf of the PCNS to carry out the work which complements and enhances the existing Social Prescribing pro9ramme. Young Carers - Respite Provision of respite care foryoung carerswithin the Burnley, Pendle and Rossendale area. Children and Young People's Mental Health Personal Budgets Referrals accepted from CAHMS (children and young people mental health service) to improve health and wellbeing and enable progression by removing barriers for involvement in activities. The CVS Centre - Running (formerly Voluntary Sector Resource Centre) Running expenses of The CVS Centre (formerly the Rachel Kay Shuttleworth Building). CVS Gannow Community Centre Running Running expenses of the Gannow Community Centre. The CVS Centre- Building (fonnerly Rachel-Kay Shuttleworth Building) Represents monies given or awarded to the charty from various sources in order to purchase and renovate the Voluntary Sector Resour Centre. Page 32
BURNLEY, PENDLE & ROSSENDALE COUNCIL FORVOLUNTARYSERVICE IA company limlted by guarantse) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 17. STATEMENT OF FUNDS (continued) CVS Gannow Community Centre- Building Represents the acquisrtion by the charity of the Gannow Communty Centre premises on Adamson Street, Burnley. Flxtures, Fittlngs and Equlpment This fund represents monies given or awarded to the charty from various sources in order to buy specific capital items. Big Local The Gannow area of Burnley has been designated a Big Local area to receive up to £1 million from the Big Lottery to improve the area over a ten year period. The first stage of the programme is to develop a local profile and plan. BPRCVS was asked to be the local trusted organisation to handle a Getting Started budget and employ an outreach worker. Eric Wrfght Small Grants Schem8 Burnley, Pendle & Rossendale Council for Voluntary Service have been commissioned to facilitate a small grants programme funded by the Eric Wright Charitable Trust to support voluntsry. community and faith groups in our area. UK Shared Prosperity People & Skills Project funded by Burnley Borough Council through Calico as part of the government levelling up fund for project work within Bumley. Adult Mentsl Health Personal Health Budgets This project is funded by NHS ICB for adult referrals Volunteering for Wellbeing and Community Hub Proie¢t Funded by the National Lottery Community Fund for 3 years, July 2023 - June 2026 to recruit volunteers and work with local groups to develop volunteering opportunities Social Isolation Grants The Stxial Isolation grant scheme is to address social isolation, particularly in communttie5 where English is not the first language and for men LACVS Volunteering for Health Project BPRCVS receive funding from LACVS, a partner organisation in an agreement with Lancashire Teaching Hospitals Charity to employ a worker to develop and promote volunteering. Burnley Community Cohesion and R•slllenceGrants Project Funded by Burnley Borough Council for groups bringing communities together, tackling extremist narratives, strengthening community resilience and responding to communty tensions Pendle Community Cohesion and ResilienceGrants Project Funded from Pendle Borough Council for groups to deliver projects that build communty relationships and support work to prevent harmful narratives which divide communities. Page 33
BURNLEY, PENDLE & ROSSENDALE COUNCIL FORVOLUNTARY SERVICE (A company limited by guarantee) NOTESTOTHE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 17. STATEMENT OF FUNDS (continued) SUMMARY OF FUNDS-CURRENT YEAR Balance at 31 March 2025 Balance at 1 April 2024 Transfe inlout Gainsl (Losses) Income Expenditure General fvnds Restricted funds 613,612 556,924 483,246 {621.580) 1.569,181 (1,551.188) 3,308 (3,308) (3,471) 475,115 571,609 1,170,536 2,052,427 (2,172,768) (3,471) 1.046,724 SUMMARY OF FUNDS- PRIOR YEAR Balance at 31 March 2024 Balance al l April 2023 Transf8 in/out Gain (Losses) Income Expenditure General funds Restricted funds 816,293 510, 161 482,689 (652,432) 1, 121,777 {1, 115, 151) (39, 123) 40, 137 6, 185 613,612 556, 924 1,326,454 1,604,466 (1, 767,583) 1,014 6, 185 1, 170, 536 18. ANALYSIS OF NET ASSETS BETWEEN FUNDS ANALYSIS OF NET ASSETS BETWEEN FUNDS-CURRENTYEAR Unrestricted funds 2025 Restrlcted tunds 2025 Total funds 2025 Tangible fixed assets Trade investments Current assets Creditors due within one year 30,289 71,046 542,353 1168,573) 322,712 353,001 71,046 791,250 1168,573) 248.897 475,115 S71,609 1,046,724 Page 34
BURNLEY. PENDLE & ROSSENDALE COUNCIL FORVOLUNTARY SERVICE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 18. ANALYSIS OF NET ASSETS BETWEEN FUNDS (continued) ANALYSIS OF NET ASSETS BETWEEN FUNDS- PRIOR YEAR UnrestrKted Rest17cfed Total funds funds funds RESTA TED RESTA TED RESTA TED 2024 2024 2024 Tangible fixed assets Trade investments Current assets Creditors due within one year 334,971 74,517 269,512 (65, 388) 15,406 350,397 74,517 811,010 (65, 388) 541,518 613,612 556,924 1, 170,536 19. RECONCILIATION OF NET MOVEMENTIN FUNDS TO NETCASH FLOW FROM OPERATING ACTIVITIES 2025 2024 Net expenditure for the year (as per Statement of Financial Activities) 1123,812) (155,918) Adjustment for: Depreciatton charges {Increase)Idecrease in debtors Increasel(decrease) in creditors 22,801 (130,166) 103,185 20,238 78,119 (4,467) Net cash US In operating activities (127.992) (62,028) ANALYSIS OF CASH AND CASH EQUIVALENTS 2025 2024 Cash in hand 600,031 749,957 Totsl 600,031 749, 957 Page 35
BURNLEY, PENDLE& ROSSENDALECOUNCIL FORVOLUNTARY SERVICE {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 21. OPERATING LEASE COMMITMENTS At 31 March 2025 the total of the Charty's future minimum lease payments under non-cancellable operating leases was: 2025 2024 Amounts payable: Within 1 year Bthe8n 1 and 5 years 7,856 3.240 3.241 4, 125 Total 11,096 7,366 22. RELATED PARTY TRANSACTIONS Mid Pennlne Arts Mr P Kenyon is a trustee of BPR CVS and Mid Pennine Arts. Pennine Oak5 Ms S lftikhar is a trustee of BPR CVS and managing director of Pennine Oaks. Stacksteas Countryside Park Ms J Oakes is trustee of BPR CVS and a trustee of Stacksteads Countryside Park Buildlng Bridges Bumley Ms B Foster is truslee of BPR CVS and Building Bridges Burnley Lancashire Assoclatlon of Councils forvoluntary Service ILA CVS} Mrs C Blythe is the Chief Executive of CVS and is a directorl trustee of LA CVS. 23. POST BALANCE SHEET EVENTS There have been no significant events affecting the company since the year end. 24. CONTROLLING PARTY Those directors listed on page one of the accounts control the company. Page 36
BURNLEY, PENDLE & ROSSENDALE COUNCIL FORVOLUNTARY SERVICE (A company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 25. COMPARATIVE STATEMENT OF FINANCIAL ACTIVITES 31ST MARCH 2024 Unrestricted funds 2024 Restricted funds Totsl funds 2024 2024 INCOME FROM: Donations and legacies Charitable activities Investments Other Income 7,839 213,569 28,017 115,094 14.489 1,119.983 1.994 103.481 22,328 1,333,552 30.011 218.575 TOTAL INCOME 364 519 1239,947 1,604,466 EXPENDITURE ON: Charitable activities 507.620 1,258,949 1,766.569 TOTAL EXPENDITURE 507.620 1,258.949 1.766,569 NET EXPENDITURE BEFORE INVESTMENT GAINSI(LOSSES) Net gainsl{losses) on investments NET EXPENDITURE BEFORE TRANSFERS (143,1011 6185 119,002) {162,103) 6185 {136.916) {19.002) (155,918) Transfers btheen Funds 6715 6715 NET EXPENDITURE BEFORE OTHER RECOGNISED GAINS AND LOSSES (130.201) 125,717) (155918) NET MOVEMENT IN FUNDS (130.201) 125.717) (155918) RECONCILIATION OF FUNDS: Totsl funds brought fOard 816293 510.161 1326 454 TOTAL FUNDS CARRIED FORWARD 686,092 484.444 1.170,536 Page 37