REGISTERED COMPANY NUMBER.. 03301204 (England and Wales} REGISTERED CHARITY NUMBER: 1062644 Roport of tho Trusto0s and Unaudlted Flnanclal Statements for the Year Ended 31 Mar¢h 2024 for Fllnt8hlro Local Voluntary Councll Salisbury & Company Chartered Accounlanls Irish Square Upper Denbigh Road Sl Asaph Denbighshiro LL17 ORN
Fllntshlre Local Voluntary Councll Contents of the Flnancial Statomonts for tho yoar ended 31 March 2024 Pago Report of the Trustees Indèpèndent Examlner's Report Statement of Flnanclal Actlvlt1&8 Balance Sheet Cash Flow Statemont Notos to thg Cash Flow Statement 10 Notès to the Flnanclal Statements 11 10 20 Detalled Statement of Flnanclal Actlvltles 21 10 22
Fllntshlre Local Voluntary Coun¢ll Report of tho Trustees for the year ended 31 March 2024 The trustees who are also directors of th8 charity for the purposes of the Companies Act 2006, present their report with the financial slalemenls of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of AountIng and Reporting by Charities: Slalemenl of Recommended Piaclice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191. OBJECTIVES AND ACTIVITIES Objectlves and alms Flinlshire Local Voluntary Councll IFLVCI is an umbrolla organisalion for voluntary and community groups in Flinlshire. FLVC is tasked by the Welsh Government lo provide a wide range of services lo the voluntary sector and is a member of the Third Sector Infrastruclufe Body, Third Se¢lor Support Wales {TSSW) which combines the work of the national body. Wales Council for Voluntary Action and tho nineteen County Voluntary Councils across Wales. FLVC'S vision is for a strong and effecllv8 voluntary and community $6clor involvlng and serving the people of Flintshir6. FLVC'S mlsslon Is to support, d6v6lop and promote voluntary and community activity in Flinlshire and lo strengthen th& capacity of voluntary and communily groups lo contrlbule to the quality of life of Flintshire people and communilies. FLVC works within the framework of agreed Nallonal Core Serv1¢8 Standards Incorporaled In the National Infraslructuie Agreement that form part of the TSSW Business Plan. The aim of the plan is lo build a Wales Ihal is prosperous and secure. healthy and active. ambitious and learnlng. and unSted and connecled. Thlrd Sector Support Wales has an Impact measurement framework within four areas ol work.. Good governance Effecllve influenclng and strategic engagement Volunt88rlng Suslalnabl8 funding Fllnlshire Local Voluntary Council'8 Core Values las Staled wllhin the Strategic Plan) are.. Quallty- Oellverlng hSgh qualSty seNlces vla a skillèd, Iralnèd and motivated workforce Rèsponslblllty - Responding lo relevanl policy and legislative change through regular oonsullalion and engagement wllh all stakeholders Partnershlp - Represenllng and empowering members and promoting thè uniquèness and èffectivenéss of Third Sector support lo our communltles Equallty - Ensuring our practice reflects and responds lo the diverse needs of the s6¢lor and th8 populallon of Fllntshire The Iruslees have paid due regard lo guidance is8ued by the Charity Commission in deciding what activities the charity should undertake. Pag8 1
Fllnt$hlre Lo¢al Voluntary Coun¢ll Report of the Trustees for tho year ondod 31 March 2024 OBJECTIVES AND ACTIVITIES Slgnlflcant actlvltlgs 2023124 saw FLVC'S staff continued wlth a hybrld mod81 of working, combining home-based and office based allendance with outreach work across Flinlshire and North Wales. B8spok6 training, support and networking opportunities were provided lo support Third Sector organisalions as they adapted lo resuming face-lo-face working. FLVC works in partnership with Cadwyn Clwyd to support and distribute funds under the Shared Prosperity Programme. FLVC'S supported volunteering projects as adaplod the servic8 model lo provlde more bespoke support for individuals lo develop their confidenc8 and skills to access volunteering wilhin the wider community. FLVC'S Social Prescribing service conlinuod ils expansion in 2023124 enabling Flintshire resldenls to explore What Mallers lo them and lo help them lo access voluntary and community-based support. The team work within Fllnlshlre Single Point of Access (for adullsl and the Early Help Hub (for Children and Famlllesl and has developed $8rvi¢es lo worf( more Closely with profgssionals in Probation and Mental Health services, FLVC continued lo administer a number of grant funds which support local voluntary and community groups. The Youth Led Grant scheme, funded by the Welsh Government, is dlstribuled by a group of young peop18 with the support of FLVC. Flinlshire Local Voluntary Council also administer the local aulhorills Community Chest Fund and support the dlstribulion of funds throu9h the Gwynt y Mor Comrnunity Project and Shared Prosperity Funds. Support contSnues for Fllnlshlre's Communlly Asset Transfer process, wilh FLVC Staff and a trustee represenlalive worklng closely wllh local authorlly staff to support polenllal appllcallons. Ropr88ontatlon and partner8hlp support FLVC has conllnu8d lo r&pres8nl lh8 Ihlrd $8clor wlthln a range of Slral•gic Partnershlps. Fllnlghire Lo¢81 Voluntary Council's Chief Officer is Chair of th8 Flinlshire and Wrexham's Public Services Boafd of Flinlshire and represents the Thlrd Sector 81 varlous sub*roups of Ihe PSB. The Chief Officer and Ihe Thlrd Se¢lor Development Managers allend various regional parlnefships and work wllh WCVA, the national body. on various sleerlng groups and panels, In¢ludSng those leading development regarding the Core S&tvice areas of work Volunteering, Good Goveinance, Sustainable Funding and Engagement and Influencing and also Impact Measurement and Safeguarding Setvlces. Quallty Assurance FLVC achieved Trusted Charity Status in January 2024, havlng {previously achi8vèd the PQASSO Quality mark in 2018. Flinlshire Local Voluntary Council also has the Investing in Volunteers Qualily Slandard, reflecllng thelr work to develop high standards in recruiting, Iraining and supporting volunteers. STRATEGIC REPORT Achlevomont and porforman¢o harltablfr a¢tlvltl&s The following slalislics glve an indicallon of the rangè of seNlc&s provided by FLVC In 2023124 There were over 19,500 vlsils lo our webslle wvM.flvc.org.uk FLVC enabled Voluntary and Community Groups lo access over £2million of funding from 8 wide range of sources. Over £49.000 of lunding was awarded through our Grant schemes. FLVC'S network and partner$hlp events allracted 517 attendees throughout the year 277 individuals were supporled lo access volunteering opportunities FLVC'S Social Prescribing loam supported 2069 Flinlshire residents las part of the Single Point of Access Adult support team and Flinlshire's Early Help Hub) Page 2
Fllntshlro Local Voluntary Councll Report of the Trustee$ for the year ended 31 March 2024 STRATEGIC REPORT Flnan¢lal revlew Flnanclal posltlon Roserrfe5 poIIcy FLVC has a Reserv6s Policy which guides the Iruslees in Ihelr deliberations about future security and contingencies. The trustees have reviewed these costs and al 31 March 2023 believe them to be.. staff redundancy £42,000, premises repairs and ien8wals £5.000, oonlrlbullon lo one year's lease payments at £35.000 lo Cover risks lo rental payments, and information technology equipment replacement £3,000. The individual elemenls amount lo £85,000. Prln¢lpal fundlng 8ource$ FLVC continues lo enjoy a rgasonably stable, Sf reduclng, platform of core funding. FLVC received funding from the following primary sources.. Welsh Government., Wales Council for Volunlary Acllon., Fllnlshire County Council., Betsi Cadwaladr Universily Health 8oard- Regional Inl8gratSon Fund (formerly ICFI Families First., Shared Prosperlty Fund (in partnershlp with Cadwyn Cl). Rl•k factor8 The trusl66s hav8 assessed the major rl$k8 lo whlch the charlly Is exposed, and ar8 satisfied that sysl8ms ara in Place lo mitigate exposure lo the malor rlsks. Future plan8 Although Ihe fundlng envlronmenl In whlch the Ihlrd sector Is op6rallng remalns uncertain and very challenging, FLVC Is stlll IdenlSfylng and exploSllng opportunilles whlch ensure that the organlsatlon conllnuas to dellver good quallty sustainable services. Our priorilles remaln.. Worklng collaborallvely with Stalulory, Prlvate and Thlrd Sector partn8rs lo dellver Quality Public service8 Collaborating with Third Sector Support Wales partners to make th8 b8s1 use of resources Developing services Ihal help lo maxlmlse the Impact of the Third S8clor as a whole 8TRUCTURE, GOVERNANCE AND MANAGEMENT Govornlng document The charily is a company limited by guarantee. The charity 18 controlled by Ils governlng document, Its Memorandum and Articles of Associallon, and conslllules a limited company, limited by guarantee. as defined by the Companies Act 2006. The trustees, who are also the directors for the purpose of company law, and who served during the year and up lo th& dale of signature of the financi81 slalemenls were.. Mr. T Byram Mr. J D Hatlon Ms. P M Perry Ms. B Roberts Ms. J M Thomson Mr P Agnew MS Karen Armstrong Mr lan Papworth Mr Davld Wisinger Recrultmont and appolntm6nt of now trusteès The charity can havg LIP lo 15 Iruslees, 12 of whom are nominated and elected by the membership and Ihreo can be appointed by the trustees. Only one third of the trustee places are eligible for nomination each year so balancing conlinuily with renewal. None of the Iruslees has any beneficial Inte$t In the company. All ol the trustggs are members of the company and guarantee to contribute £10 in the event of a winding up. Page 3
Fllnt$hlro Lo¢al Voluntary Councll Report of the Trustees for the yoar ended 31 Mar¢h 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Organlsatlonal structuro The FLVC Board meets al least six limes each year and has sub-commi118es reporting lo il and overseelng flnances and personnel issues. The Iruslees delegate lo the Chief Officer and the management leam and, through them. lo staff teams the day to day operation of the organisalion. Trustees require regular progress ieports on services and activities and scrulinise and approve budgets and financial reports. Trustees also take responsibility. with support from staff, for the development and approval of 811 necessary policies and procedures and for thg recruilmenl and appointment of staff. FLVC contracts with WorkNest to r6ceiv818gal advlcé on P6rsonnel and Health & Safety 188ues. Inductlon and tralnlng of new tru8tee8 All Iruslees are provided with an induction pack and new trustees allend an induction course. Truslees can access training whlch Ss relevant lo thelr role and can shadow more experienced colleagues lo learn a particular role In more detail. Statoment of Publ1¢ B•n•flt The objects of Fllnlshlre Local Voluntary Councll as slalad In tho Memorandum of Assoclallon are as follows .10 promote any charitable purposes lor the benefit of the community in Walas with particular preference lo the Local Government Dlstrlcl of Flintshire {or Ils succ8ssors} which now or hereafter may be deemed by law lo be ¢haritable" The Iruslees have taken note of the Charity Commission's guidance on "public benefit" and Iru$l Ihal this rgport reflecls that guidance. FLVC dlscharges ils responsibility under "public benefit" by providing a range of support services lo other voluntary organisations and charilies as sel out in this r8POrt. In parllcular il supports, but not exclusively, Ihose wilh Ihe following charitable purposes.. the prevention or relief of poverty the advancement ol education the advancemonl of health or saving of Iiv6S the advancement ol citizenship or community development the advancement of arts, culture, heritage or sclence the advancement ol amateur sport the advancement of anlmal welfare the advancemonl of onvironmenlal protecllon or Improvement the advancemonl of human rights the relief ol those in need. by reason ol youth, age,111-heallh. disability, financial hardship or other dlsadvanlage Related partle8 FLVC collaborates with a wide range of partners at local. regional and national Ièv8ls. Th8s& Include public bodles and other third sector organisalions. The purpose of thg collaboratlon can be lo develop new projects and services, lo secure addillonal resources or lo represent the interests of the third sector. 11 receive5 significant core funding from the Welsh Government ladminislered by WCVAI, through the National Infraslruclure Agreement. The charlly bullds on Ihls core funding by allracllng support from a range ol sources, includin9 Flinlshire County Covncll, Wales Council for Voluntary Acllon, Betsl Cadwaladr Unlverslly Health Board (BCUHB) and Families Firsl. Wh8re Iruslee5 havo any 1Snks with related parties these are declared on a register and trustees are required lo declare any potential conflict of interest al any meetlng where Ihls may arlse. Approprlale actlon Is Ih&n taken by the chalr of the meeting. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Company number 03301204 (England and Wales) Reglstered Charlty numbfrr 1062644 Reglster•d offlce Corlan, Unil 3 Mold Business Park Wrexham Road Mold Flinlshlre CH7 1XP Page 4
Fllntshlr• Local Voluntary Councll (Reglstered number.. 03301204) Report of the Trustee$ for the year ended 31 March 2024 Trust•os Mr P Agnew Ms K Armstrong Mr T Byram Mr J D Hallon Mr I Papworth Mrs P M Perry Mrs B Rob8rts Mrs J M Thomson Mr D Wisinger Company So¢r6tary Ms A Woods Ind&p8ndent Examlnor Salisbury & Company Chartered Aecounlanls Irish Squar& Upper Denbigh Road Sl A5aph Denbighshire LL17 ORN Report of th6 trust66 directors. on incorporallng a strategic report, approved by order of the board of trustees, as Ihe company and signed on the board's behalf by.. Mr J D Hatton - Trustee Page 5
Ind¢p¢ndont Examlner's Roport to tho Tru$t¢?$ of Fllntshlre Local Voluntary Councll Independont examlner's rgport to Ihe trustees of Fllntshlre Local Voluntary Coun¢ll {'the Companrf} I report to the charity Iruslees on my examinalion of the accounts of tho Company for the year ended 31 March 2024. Rosponslbllltles and basls ot report As the charily's trustees of the Company land also ils directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061.the 2006 Acl'l. Having satisfied myself Ihal the accounts of the Company are not required lo be audited under Part 16 01 the 2006 Act and are eligible foi independenl examinalion, I report in fespecl of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 I'lhe 2011 Acl'l. In carrying out my examination I have followed the Dlreclions glven by the Charity Commission under Section 145{51 Ibl of the 2011 A¢1. Indopendonl examlner's statement Since your charity's gross income exceeded £250,000 your examiner musl be a membe¥ of a listed body. I can confirm that l am qualified lo undertake the examination because l am a member of the Inslilute of Chartered Accounlonts in England and Wales, which is one of the listed bodi6S. I have completed my examlnation. I confSrm Ihal no mallers have come lo my allention in connection with Ihe exgminalion giving me cause to believe.. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act,, or the accounts do nol accord wilh those records., or the accounts do not comply with the accounting requirements of S8clion 396 of the 2006 Act other than any requirement Ihal the accounts glve a true and fair view whlch is not a maller consid8red as part of an Independent examlnallon., or the a¢¢ounls have not been prepared in accordance wllh the methods and prin¢lple$ of the Slalemenl of Recommended Pfactlce for accounllng and reportlng by charllles lappllcable lo charlllos pr&parlng Ihelr account$ In 8¢¢ordance with the Financial R&porting Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no Concerns and have come across no other mallers In ¢onne¢llon wllh the examlnallon lo whlch allentlon should b6 drawn In this report in order lo enable a proper understanding of the accounts lo be reached. AJnll- Aled Roberts Sallsbury & Company Chartered Accountants Irish Squar6 Upper Denbigh Road Sl Asaph Denbighshirè LL17 ORN Date.. .a..q Iv &Lf.,..,.,,..... Page 6
Fllntshlre Lo¢al Voluntary Coun¢ll Statomont of Flnan¢lal A¢tlvltle$ lor the year ended 31 March 2024 2024 Total funds 2023 Total funds Unreglri¢led fund Restricted funds Notes INCOME AND ENDOWMENTS FROM Oonalions and leg8cies 1,667 1.666 2,291 Charltabla actlvltlo$ Charity acliviligs 631,938 631,938 575.910 Investment income Other income 18.090 18,090 1,918 17,159 Total 18,089 633,605 651,694 597,278 EXPENOITURE ON Raising funds 460.966 460.966 437,361 Charltable actlvltlos Chafity aclivilies 657 161.056 161,713 204,6g2 Total 657 622,022 622,679 642,053 NET INCOMEI{EXPENDITURE) 17,432 11,583 29,015 144,775) RECONCILIATION OF FUNDS Total funds brought lotward 90,364 523,111 613,475 658,250 TOTAL FUNDS CARRIED FORWARD 107,796 534,694 642,490 613,475 The notes form part of these flnanclal statements Page 7
Fllntshlre Loeal Voluntary Coun¢ll Balance Sheet 31 March 2024 2024 Total funds 2023 Total funds Unreslricled fund Reglricled funds Notes CURRENT ASSET8 Debtors Cash al bank and in hand 15 48.304 74,995 2.194 529,212 50.498 604,207 58,742 611,663 123.299 531.406 654.705 670,405 CREDITORS Amounts falling due within one year 16 115,5051 3,290 {12,2151 156,9301 NET CURRENT ASSETS 107,794 534.696 642.490 613,475 TOTAL ASSETS LESS CURRENT LIABILITIES 107,794 534.696 642.490 613,475 NET ASSET8 107.794 534,696 642.490 613,475 FUNDS Unreslricled funds Reslriclod funds 17 107.794 534.696 90,364 523,111 TOTAL FUNDS 642,490 613,475 Th6 charitable company is enlilled lo gxemplion from audlt under Secllon 477 of the Companies Act 2006 for th& year ended 31 March 2024. The members have not requlred the company lo oblaln an audll of Ils financlal sialemènls for the yèar ended 31 March 2024 in accordance with Secllon 476 of th8 Cornpanies Act 2006. Th8 Iruslees acknowledge their responslbililies for lal ensuring that the chaii18ble company keeps accounting record5 that comply wlh Sections 386 and 387 of the Companie5 Act 2006 and preparing financial statements which give a true and falr view of the slate of affairs of lh8 charilablo company as al the end of each linancial year and ol ils surplus or deficil lor each financial year in accordance with the roquiremenls of Sections 394 and 395 and whlch OtheIse comply wllh the requirements ol tho Companies Act 2006 relallng to Ilnancial slalemenls, so far as applicable lo the charitable company. {bl The finaDcial sla emenls were approved by the 8oard of Trustees and aulhorised for Issue nd were signed on ils behalf by: on Mr J fi Hallon Trustee The notes form part of these financial statements Page 8
Fllntshlro Lo¢al Voluntary Coun¢ll Cash Flow Statement for the year ended 31 March 2024 2024 2023 Notes Cash flow8 from operatlng actlvltles Cash generated from operations <25.5461 129.1631 Nel cash used in operaling aclivilles 125,5461 {29.1631 Cash flows from Investlng actSvStlog Sale of intangible fixed assels Interest received 17,159 1,918 18,090 Nel cash provided by investing aclivitl8S 18.090 19.077 Chango In cash and cash equlvalent8 In tho roportlng porlod Cash and Cash equlvalent• at the beglnnlnp of the reportlng porlod {7,456) 110,0861 611.663 821.749 Cash and cash equlvalents at the end of the reportlng perlod 604.207 611,663 The notes form part of these financial statements Page g
FlSntshlre Local Voluntary Councll Notes to the Cash Flow Statement for tho yoar onded 31 March 2024 RECONCILIATION OF NET INCOMEI{EXPENDITUREI TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Ngt Incomollexpendlture) for tha roportlng porlod {a$ por th• Statoment of FSnanclal Acllvltle8) Adjustments for: Depreciation charges Profil on disposal of fixed assets Interest received Decrease in debtors Decrease In creditors 29,015 {44,7751 1,277 (17.1591 11,9181 53.313 (19,9011 118,0901 8,244 144,7151 Net cash usod In oporatlons 125.5461 (29,1631 ANALYSIS OF CHANGES IN NET FUNDS At 114123 Cash flow Al 3113124 Net cash Cash al bank and in hand 611,663 17,4561 604,207 611,663 17,4561 604,207 Total 611.663 17,4561 604,207 The notes form part of these financial slalem8nls Page 10
Fllntshlro Local Voluntary Coun¢ll Notes to the Flnanclal Statements for the yoar ended 31 Mar¢h 2024 ACCOUNTING POLICIES Basls of preparlng the flnanclal statements The financial statements of the charitable company. which is a public benefit entity under FRS 102. have been prepared in accordance with the Charities SORP IFRS 1021 'Accounling and Reporting by Charities- Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with tho Financial Reporting Standard applicable in tha UK and Republic of Ireland IFRS 1021 léff6cliv6 1 January 20191,. Financial Reporting Standard 102 'The Financial Reporting Standard appli¢ab18 in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cosl convention. At lh8 Ilm8 approvlng th8 financlal slalements, the Irusle8s have a reasonable 6xpectations that the ¢harily has adequate resources lo continue in operational existence for the forese80ble future. Thus the Iruslees continue lo adopt the 90in9 concern basis of accounting in preparing tho financial slalements. There Is no evidence of a roducllon lo funding in the next 12 months, support6d by lh6 budgets prepared by managements. so il is fell Ihal the going concern assumption remains appropriate. CrStlcal a¢countlng Judg8ment8 and key sources of estlmatlon uncertalnty In the application of the ch8rily's accounting policies, the Iruslaes ar& requiied lo make judgements, estimates and assumptions about the carrying amount of assels and liabilili6s that re not readily apparent from other sources. The eslimales and associated assumptions based on higlorical experign¢e and other factors that ar6 considered lo be relevant, Actual r8suI15 may differ from these eslimatos. Th8 eslimales and underlying assumplSons are revlewed on an ongoing basis. RevisSon lo accounllng gslim8les are recognised in the period in which the eslimales is revised where the revision affects only that perlod, or In th8 period of Ihe fevision and future period where the revlsion affects both curfent and future perlods. Thère are no critical accounllng estimates and judgements. Incomo Incom8 Is reco9nised when the charlly is legally enlltles lo 51 after any performance conditlons have been met, the amounts can be measured reliably. and il is probable Ihal Income will be received. Voluntary income includes donations. Bclivity income and grants that provide corg funding and are recognised where there Is entillement, certalnty of receipt and the amount ¢an be mgasured with sufficient reliability. This income is only d8f8rred if the donor specifies that the grant musl only be used in a future accounling perlod or there are condStions Imposed which mug1 be met before the charlly has uncondillonal enlillement, Expendlture Liabilities are recognised as expenditure as Soon as there 1$ a legal or conslruclive obli9alion commltling the charity lo that expenditure, il is probable that a transfer of economic benefits will be required in settlement and the amount of the obllgallon can be measured rellably. Expgndlture Is accounted for on an accruals basls and has been classified under headings that aggregate all cost related lo the category. Where costs cannot be dlreclly atlrlbuled lo partlcular headlngs they have b&en allo¢aled to aclivllles on a basls consistent wllh the use of resources. Grants offered subject lo conditions which havo not boen met al tho year end dale are noted as a Commitment bul not accrued as expendlture. Charltable actlvltlos Charitabl8 activities include the expenditure of grant disbursements and the running cost ol th6 charity. Grant payable are payments lo third part18s in thè furthèrance of thé charitable objectifies of the charily. They are accounted for when the recipianl has a reasonable expectation that they will receive the grant and the trustees have agreed o pay the grant., conditions will bè applièd to some gTanls payabl& whlle other grants payable will be payable without condition. Provision is made for any grant money potanlially repayable to the fundlng body as a result of any underspend in the period of Ihe grant. Tanglble flxed assets Depreciation is provided at the following annual rates in order to write off each asset over ils eslimaled useful Fixtures and fittings Computer equipment 25°A on cost 33/0 on cost Impalrment of flxod assets Page11 continued...
Fllntshlre Local Voluntary Councll Notes to the Flnanclal Statements contlnued for the year end¢d 31 Mar¢h 2024 ACCOUNTING POLICIES - ¢ontlnued Tanglble flxed assets Al each reporting end dale, the charity reviews the cairying amounts of ils langibl8 assets lo determine whether there is any indication that those assels have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order lo determine the extent of the impairment loss lif any), Taxatlon The charity 1$ exempt from corporation lax on its charllable acllvilies. Fund a¢¢ountSng Unreslrlcted funds can be used In accordance wlth thg charllable objectives al th& discretion of the trustees In furtherance of their charitable objectives. Designated funds are income funds of the charity which have been sel aside out of unreslricled funds by the trustees for spe¢lflc purposes. Reslricled funds can only be used for particular r6slrSct8d purposes wilhln the objects of th8 charily. Restrlcllons arise when specified by the donor or when funds are raised for parli¢ular reslricled purposes. Loa$o$ Rental payable under operatlng18as8s, Including any16as8 Inc8nliv8 r8c8lv8d, ar8 charg8d as an 8xp6nsé on a straight lin8 basls over the term of Ihe relevant lease. Pen•lon ¢ost8 and oth•r post-rotlroment bon•flt8 The charitable company operates a defined conlribullon pension scheme. Contributions payable lo the charilable company's pgnsion scheme are charged lo the Slalemenl of Financial Activities in the period lo which they relate. Cash and ¢a8h •qulval•nt8 Cash and cash 6qulvalgnls Include cash In hand, deposll h8ld al Call wllh banks, and other short-term Ilquld Inveslm&nls with original rnaturilles of three months or less. Flnanclal Inslruments The charity has elected lo apply the provision of Section 11 'Basic Financial Instruments, and S8cllon 12 '01her Financial Instruments Issues, of FRS 102 to all of Ils financlal inslrvmenls. Financial instruments are recognised In the charity's balance sheet when the charlly becomes party ot the conlraclual provisions ol Ihe inslrumenl. Financial assets and liabilities are offset, with the net amounts presented in the flnancial staloments, when there is a legally enforceable right to 581 oll the recogni58d amounts and there is an intention lo sellle on a nel basis or to realise the asset and sellle Ihe1Sability simultaneously. Bas1¢ flnanclal a88ets Basic financial asse15, which include debtors and cash and bank balances, are initially measured al transaction pric8 including transaction costs and are subsequently carried al amortised cost using the effective interest method unless the aTrangernenl conslilulgs a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rale of interest. Financial assets classified as receivable wilhin one year are not amortised. Ba81c flnanclal Ilabllltles Basic financial liabilities includlng credltors and bank loans are inltlally recognised al transaction prlce unless the arrangement conslilulos a financing Iransaclion. where the debl inslrumenl is measured al Ihe prgsenl value of the future payments discounted al a market rale of inl8resl. Financial liabilities classified as payable within one year are not amortised. Debl instruments are subsequently carried al amortised cost, using the effective interest rale method. Trade creditors are obligations lo pay for goods or services that have boen acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilitios. Trade creditors ar9 recognised initially al transaction price and subsequently measured al amortised cost using the effeclive inler8sI method. Derecognltlon of flnan¢lal Ilablllti8$ Financial liabilities are derecognised when the charills conlraclual obligations expire or are discharged or cancelled. Page 12 continued...
Fllntshlre Lo¢al Voluntary Councll Notes to tho Flnanclal Statgmonts - ¢ontlnued for the year ended 31 March 2024 DONATIONS AND LEGACIES 2024 2023 Grants Other recoipls 1,664 2,286 1,666 2,291 Grants received, included in the above, are as follows.. 2024 2023 Other grants INVESTMENT INCOME 2024 2023 Deposit account interest 18,090 1,918 INCOME FROM CHARITABLÉ ACTIVITIES 2024 2023 Activity Charlty aclSvilles Grants 631.938 575.910 Grants rec8lv8d, Includ8d in th8 abové, are as follows.. 2024 2023 Wglsh Council for Voluntary acllon Flinlshire County Council 8elsi Cadwaladr University Health Board Welsh Governm8nl- Families Fifst & Early Years Charitable Bodies Grants rec8lv8d for dlslrlbutlon Other ICF SpoA and RIF Cadwyn Cld 207,839 81,834 88,873 94,800 193,508 69,567 124,730 74,325 27.903 94,757 18,8801 41,557 89,389 27,646 631,938 575,910 Grant received for dislribulions ware.. 31 March 2024£ 13,830 31 March 2023£ 36.510 10.000 22.727 5,000 9,000 11,520 Flinlshire County Council- Communily Chest Flinlshire County Coun¢il- Summer of Fun Flinlshire County Council- Connect Commvnilles Welsh Council for Voluntary Acllon Families First Hub BCUHB- CAMHS grant fund for dlslribullon 22.727 5.000 41,557 94,757 Page 13 continued...
Fllntshlre Local Voluntary Council NotQS to thg FlnanGlal Statgmonts - contlnugd for the year ended 31 March 2024 OTHER INCOME 2024 2023 Gain on sale of intangible flxed assets 17,159 The grants disbursements refunded lo FLVC are grants repairs lo FLVC by third party organisalions unable lo comply with the conditions of funding. Any disbursements refunded will be made available lo other Ihird party organizalions Ihal will be able to comply with the condilions of lunding. RAISING FUNOS Other tradlng actlvltle8 2024 2023 Staff costs 460.966 437,361 CHARITABLE ACTIVITIES COSTS Grant funding of aclivilies {see note Support costs Ise8 note 91 Direct Costs 81 Totals Charily activities 13,129 44.579 104.005 161,713 GRANTS PAYABLE 2024 2023 Charlty aclivllles 44,579 78,286 Grant dl8bur$oment8 Charltable Expgndlture 2024£ Ch8rilable Expenditure 2023£ Grant lo in$lilulions'. Grant disbursements- Community Chest Grant disbursemenl- Youth Led Grant Granl disbursement- Loneliness & Social Isolation Fund Grant disbursement- FCC Summer of Fun Grant disburs&ment- Plallau Plant Healthy Eating 15,989 5,900 22,690 31.145 5,450 22,691 10,000 9.000 44,579 78,286 Page 14 continued...
FlSntshlre Local Voluntary Councll Notes to the Flnanclal Statements contlnued for the year onded 31 March 2024 SUPPORT COSTS Information technology Governance costs Management Flnance Totals Charity activities 75,954 298 4,122 23.631 104,005 10. NET INCOMEI{EXPENDITURE) Net incomellexpenditurel is staled after charglngllcreditingl.. 2024 2023 Auditors. remuneration Other operallng leases Surplus on disposal of fixed assets 6,259 33,585 4,507 34,740 117.1591 11. TRUSTEES. REMUNERATION AND BENEFITS There were no Iruslees, remunerallon or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Tru8tOo8' expon8&8 None of the Iruslees lor any persons ¢onnecled wlth them) received any remuneration or benefits from the charity durlng the year. Expenses were paid lo Iruslees in the current year and the pervlous year lo relmburse the trustees for travel expenses and other incidental cosl incurred in th performance ol Iheir duties as Iruslees. During Ihe year expenses lolalllng £532 were paid lo the Iruslees (2023- £8351. 12. STAFF COSTS There were no unused hollday 8nlillèmènls for 8mploye8s sèrvicès at 31 March 2024. Standard Llfe conllnuos to provide a staff pension sehamè with a 6010 conlribullon from Fllnlshlre Local Voluntary Council. The aver8g& monthly number of employees durlng the year was as follows.. 2024 16 2023 17 Support lo the charity No employees recelved emoluments In excess of £60,000. 13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unreslricled fund Reslricled funds Total funds INCOME AND ENDOWMENTS FROM Donalioris and legacies 2,286 2,291 Charltablo a¢tlvltlo8 Charily activities 575,910 575.910 Inveslmenl Income Other income 1,918 1,918 17.159 17,159 Total 4,204 593,074 597,278 EXPENDITURE ON Raising funds 437.361 437,361 Page 15 continued...
Fllnt$hlro Local Voluntary Coun¢ll Note$ to the Flnan¢lal Stat¢ment$ - contlnued for the year onded 31 March 2024 13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES . ¢ontlnuod Unr&slricled fund Reslricled funds Total funds Charltable a¢tlvltle$ Charity activities 3.315 201.377 204.692 Total 3,315 638,738 642,053 NET INCOMEIIEXPENDITURE> Tran8for8 botwo•n funds 889 15,000 145.6641 115,0001 {44.7751 Not movomènt In fund8 15,889 160,6641 144,7751 RECONCILIATION OF FUNDS Total funds brou9hl forward 74,472 583,778 658,250 TOTAL FUNDS CARRIED FORWARD 90,361 523.114 613.475 14. TANGIBLE FIXED ASSETS Flxluros and fllllngs Computer equlpmenl Totals C08T Al 1 AprS12023 and 31 March 2024 27,849 41,157 69,006 DEPRECIATION Al 1 April 2023 and 31 March 2024 27,849 41,157 69,006 NET BOOK VALUE Al 31 Maich 2024 Al 31 March 2023 15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Prepayments and accfued income 42,117 8,381 22,727 36,015 50,498 58,742 Page 16 Continued...
Fllnt$hlre Lo¢al Voluntary Councll Notès to tho Flnan¢lal Statements - conllnuod for the year ended 31 March 2024 16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Social security and olh6r taxes Accruals and deferred income Accrued expenses 2.651 1.453 8,229 37,300 11.401 8,111 12,215 56.930 Deferred Income comprlses grant Sncomo r6coived whSch as a condition of tha donor relalas to a future accounting period. 17. MOVEMENT IN FUNDS Net movement in funds Al 3113124 At 114123 Unro$trl¢t•d fundj General fund 90,364 17,430 107,794 Re8trlcted funds Engagement and inlluenclng Funding arid governance Volunleefing Health and social eare Grant Funds 143,950 42,415 159,922 155.863 20,961 14,053 13,7971 133,217) 39.350 {4,804) 158,003 38,618 126,705 195,213 16,157 523,111 11,585 534,696 TOTAL FUNOS 613,475 29,015 642.490 Nel movement In funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unre8trSctod fund• General fund 18,089 (659) 17,430 Re8trl¢tod funds Engagement and Influenclng Funding and governance Volunteering Health and social care Grant Funds 82,777 121,866 124,438 262,053 42,471 168,7241 (125,6631 {157,6551 1222,7031 147,275} 14.053 13.797) {33,217> 39,350 14,804) 633,605 (622,020) 11,585 TOTAL FUNDS 651,694 {622.6791 29.015 Page 17 continued...
Fllnt$hlre Lo¢al Voluntary Councll Not¢$ to tho Flnan¢lal Statements - contlnued for th8 year ended 31 March 2024 17. MOVEMENT IN FUNDS . contlnued Comparatlvo$ for movement In funds Nét movement in funds Transfèrs between funds Al 3113123 Al 114122 Unrestrlcted funds General fund 74.472 892 15.000 90,364 Re8trl¢tgd funds Engagement and influenclng Funding and governance Volunteering Health and soclal care Grant Funds 113,018 70.514 204,537 191,219 4.490 35.932 {28.0991 {39.6121 {30,3591 16.471 15,000} 143.950 42,415 159.925 155,860 20.961 15.0001 15,0001 583,778 {45,6671 115,000) 523.111 TOTAL FUNOS 658.250 {44,7751 613.475 Comparativ8 n81 movement in funds, included in the abovè arè as follows: Incoming resources R8soure&s expended Movement in funds Unrestrlctod fund8 General fund 4,204 (3.3121 892 Rostrlcted fund8 Engagement and Influenclng Funding and governance Volunleer+ng Health and social car6 Grant Funds 95,692 102,251 120.687 179,687 94,757 159,7601 1130,3501 (160,2991 1210,0461 178,2861 35.932 (28,0991 {39,612} {30,3591 16,471 593,074 (638,7411 {45.6671 TOTAL FUNDS 597,278 1642,0531 144,7751 A current y8ar 12 months and prior year 12 months combined posilion Is as follows.. Nel movement in funds Transfers between funds At 3113124 Al 114122 Unrostrlcted funds General fund 74,472 18.322 15,000 107,794 Restrlcted fund8 Engagement and influencing Funding and governance Volunteering Health and social care Grant Funds 113,018 70,514 204,537 1g1,219 4,490 49,985 (31.8961 172,8291 8.991 11,667 (5,0001 158,003 38.618 126,708 195,210 16.157 15,000} 15.000) 583,778 134.082) 115.0001 534,696 TOTAL FUNDS 658,250 115,760) 642,490 Page 18 continued...
Fllntshlre Local Voluntary Councll Notes to tho Flnan¢lal Statements - contlnued for the year ended 31 Mar¢h 2024 17. MOVEMENT IN FUNDS - contlnued A current year 12 months and prior year 12 months combined nel movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestrleted funds General fund 22.293 13,9711 18,322 Restrlcted fund$ Engagement and influencing Funding and governance Volunteering Health and Soclal car6 Grant Funds 178,469 224,117 245,125 441.740 137,228 (128,4841 1256,0131 1317,9541 {432,7491 1125,5611 49,985 131,896) 172,829) 8.991 11,667 1,226,679 {1,260,7611 134.082) TOTAL FUNDS 1,248,972 11,264,732) 115,7601 Deslgnatod funds Tha Income funds of the charity includ6 th8 following deslgnated funds whlch have been sel aside out of unreslricled funds by the trustees for spe¢ifi¢ purposes.. Balance at I Aprll 2022 Balance at 1 Apf112023 Balance at 31 March 2024 Transfgri Tran8ler8 Designated reserve 70,000 15,000 85,000 85,000 18. OTHER FINANCIAL COMMITMENTS Oporatlng lease commltmont• At the reportlng end dale the charlly had oulslanding commitments for future minimum lease pgymenls under non-cancellable operating leases, which fall due as lollows.. 2024 £ 23,244 23,244 2023 £ 23,244 Wilhln one y6ar Between two and five years 46,488 23.244 Thè operating lease consis15 of rental agreement with BA Commercial from 1 March 2019 10 28 February 2029 wilh a break clause al 1 March 2024. FLVC has surrondered and renewed this lease, 5 year lease wlth break clause al 2 y8ars and then annual break clause. 19. RELATED PARTY DISCLOSURES Flinlshire Local Voluntary Council provides service and grant funding lo other voluntary and community groups and, in turn, receives funding and resources from a number of external agencies. To minimise and manag& and conflict of interest trustees are required lo sign a Declaration of Interest from and, where appropriate. declare the particulai interest and withdraw from meellngs or discussion pertaining lo that issue. The related party Irans8clions for the year ended 31 March 2024 wère as follows.. Mr J Hatlon £881 Grant awarded lo Aura Leisure and Libraries The relal8d party transactions for the year ended 31 March 2023 were as follows.. Ms JM Thomson £1324 Grant awarded lo Home-slart Flinlshire Page 19 continued..,
Fllntshlre Local Voluntary Councll Notes to the FlnanGlal Statements contlnued for the year ended 31 March 2024 20. RESTRICTED FUNDS Engagement and Influenclng FLVC promotes Ihird sector organisalions, services and actives to slalulory partners. FLVC represents the third sector at strategic planning and partnership groups. FLVC promotes partnership working within the third sector and across Sectors. Fundlng and Govornan¢& FLVC provides exp8rtise on gr8nls, sustainable funding. fundraising from private souices. local funding opportunities, commissioning, tendering, funding applications. planning, proj&ct management and financial managemonl. FLVC provid6s high quality, indivldual support and advice on all aspects of setting up and runnlng a group or organisalion. Voluntoorlng FLVC matches individuals looking lo volunteer with local and national organisalions who are looking for people lo help them and to help the Indlvldual flnd a role In volunteering that Is ideal for them. FLVC helps organlsallons lo re¢ruSt and manage volunteers, Hgalth and Soclal Care FL VC facililale the develop effective parlnefship working between Heath, Social Care, Third and Indopendenl Sector Services. FLVC works in partnership lo slr&nglhen th& ¢onlribulion of the Third Seclor in the provision of Well-belng Servicas across Flinlshire. Grant Funds FLVC works with Funding Bodies in the disbur8em8nl of specific grants to numerous volunlary and community organl8atlon8. 21. LEGAL STATUS OF THE CHARITY The charlly18 8 company Ilmlled by guarantee. The Ilabillly of the members Is therefore IlmS18d. In accordance with the Memorandum of Associalion every member of the charlly undertakes lo ¢onlribule such amount as may requlrod Inot 6xc6edlng £1 01 lo the charlty's asset If It should be wound up whllsl they are a member or wilhln one year aller he or she ceases lo be a member. Page 20
Fllntshlro Lo¢al Voluntary Coun¢ll Dotallgd Statement of Flnanclal Actlvltles for the year end¢d 31 March 2024 2024 2023 INCOME AND ENDOWMENTS Donatlons and lèga¢los Grants Other receipts 1,664 2,286 1,666 2,291 Investmont Incom• Deposit accounl interest 18,090 1.918 Charltable actlvltlgs Grants 631,938 575,910 Othor Income Gain on sal6 of Inlanglbl8 fixed ass8ls 17,159 Total In¢omlng r&8ourco8 651,694 597,278 EXPENDITURE Other tradlng actlvltle• Wages Pensions 437,156 23,810 415,228 22,133 460,966 437,361 Charltable actlvStS08 Staff Iralnlng and 6xpensos Volunteers and training Contractors and consullallons Grants lo communlly groups 12,517 612 11.198 2.706 201 78,286 44,579 57,708 92,391 Support ¢08ts Managemont Olher operating leases Insurance Llght and hoat Telephone Postage and stationery Advertising Sundrles Computer expense Trusteos expenses AGM expenses Office &xpense Contractor & consultancy cost Subscriptions Computer equipment 33,585 3.818 6,567 13,754 2,035 2,011 1,419 8,542 812 640 921 34,740 3.661 10,969 11.278 2,756 2,508 2,661 14,332 836 957 555 142 1,398 1,277 1.850 75,954 88,070 Flnance Bank charges 298 595 Informatlon technology Ropairs and renewals 4,122 5.698 This pag8 does not form part of the stalulory financial statements Page 21
Fllntshlre Local Voluntary Coun¢ll Detailed Statement ot Financlal A¢tlvltles for tho yoaT ondod 31 Maich 2024 2024 2023 Informatlon technology Governance cost$ Auditors, remuneration Accountancy and legal fees 6.259 17,372 4.507 13,431 23,631 17,938 Total resources expended 622,679 642.053 Not In¢omoll&xpondltur•) 29,015 {44,775) This page does not form part of the statutory financial slalemenls Page 22