Charky rnghtrallon numb•r 1063655 Compary rnglthllon number 03361866 (England •nd Walm) SOUTHEND ASSOCIATION OF VOLUNTARY SERVICES ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 SOUTHENDASSOCIATION OF VOLUNTARY SERVICES coKrENTS Trustses report 1-10 Statement of Tru•l••i ralponsbi Illtl88 11 Ind¥pond&nt audltoVI r•wt 12.14 Statern•nt of finandal •dMtI•• 16 Bel•n¢e shaet 18-17 Slal•mont of c41h fiaw8 18 Notu to th• flnanc5al st•t•m•nts 19-27 SOUTHEND ASSOCIATION OF VOLUNTARY SERVICES TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 trustees ptesent their annual rgport and financial statements for the year ended 31 Marth 2024. The Ifnandal statements have been pr8par9d In a￿ordanCe vlth the accounting pollcies Get oui in note I to the financial statements and o)mpty wilh the charftys govemlng dowment. the Companies Ad 2006 and "Accounting and ReFQrting by Charfaes.. Statement of Recommended Prnciice applicable to charltles preparing their accounts in a¢cg)rdance with the Financial Reporting Standard appllcablè in Ihé UK and Republic of Irgland (FRS 102} (effect￿ 1 January 2019).. Objects of the tharrty 1) To promote any charitablo purposo and Sodal Ent8rpris89 for tho ben8fft of the communlty In Essex. Suffo￿, Hortfordghire. Norfolk, Bedfordshire and Gambridgeshire and, in particular. th6 advancement of eduratlon, the protectlon of healih and the rellef ol poverty, dl8tres8 8nd glckn889. 2) To promote and organlse co-operauon In the achlevement ol Iha above purposos and. to thai end, to bring togalher in counetl repre￿ntati￿$ of tho voluntary organlsatjons and st8ttft0ry bodieg W￿h1n the 8r8a of bonefit. ObJocllvo• and athftlo• ObJectlve• and alms Th• charity alms to achieva its ofyects by working dosely with a wide range of partners, Includlng other Voluntary and Communlty sector groups, the publlc and prlvate sectors and heath organisalons. Beneficiario$ com8 from am walks of Ilfv and include chlldren through to older people. En•urlng our work d￿1v•r8 our •lm• revlew our alm5, obleth8$ and aclvSles each year. The rovlew looks at what wo achtevod and the oulcomes of our work in the prewous 12 rnonths. The review looks al the Su￿$¥ of each key adlvtty and th8 benefil$ they have brought to th￿6 wo alm to supporL These are incorporated Into an annual operational plan. whith is Supported by a th￿8-year strategic plan. 81gnlllcant actlvltl Tho thanty, as a councll for volunLiry s0￿ceS (CVS), undertakes S core funcliDnS wrlh tho addiljonal volunteerlng functlon: D•v•lopm•nt work Identfylng local need through a range of adMtie$ such a$ dellverfng sp8cfflc programmes on co produclK)n, lived expedence and communlty reslllence. In addition to partnership WOTking wth others to develop approprfate acllon and worktng stratégically to b8n8fit th8 local voluntary and communty sector. Llalson Liaison: Helping to maintaln Ilnks wlth a wlde range of voluntary and o)mmuntty organlsallon8 and promoting cros8 sec4or ￿lationS. Repr88éntstlon Representation: enabling the local voluntsry and communty sector to present its vlews M service design and delivery to statutory socxor agentios through consuftatlon, network¢ng. semlnar6 and workshops. SèNlca8 and •upport Funding, legal, financial. management and tttnsth.tut￿nal information and guidance, training, providlng local and strategic information via a range of mothods, back office support office lettlngs and r¢)om hire. Strategk partn9rshlp Fomilng partnetships between the ma￿r PubAc, Communty and Volurrtary 8￿torS with the aim of improving Southend for the benefit of all within Our Il￿al area. SOUTHENDASSOCIATION OF VOLUNTARY SERVICES TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Volunteerfng To provide sttmulatiDn and support for indfvldual volunteers and organlsatlons that involva them. Publlc 8on•fft The Tru8lees have raferred to tho guldanco In the Charlty Commlssion's general gubaanc8 ￿ Pubfic Benellt when rnviowlng our aims and obJ"ectiv88 and in planning our future actlvlllos. The Trustees a]way8 consider how planned actMtl•3 contribute lo the alms and c*)iectives th8y have sel for the charlty. In ¢on8kleratlon of the signrficanl activiues statgd above the Twstee8 are $8tbsfied the Charfty meets al requirernents for th6 pr￿lS1On of prO￿d￿9 a Public Benefft. Achkv•ments •nd performan Our work 48 an organisallon: Our Vlslon Is 8 strong emp2024 SAVS attended 196 meetlngs to repre8ent the sector, totalllng over 330 hours. SOUTHEND ASSOCIATION OF VOLUNTARY SERVICES TRUSTEES REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Communfty Basod D•ltvery We d8llv6r a number of our own Communty projects that support and ompower the rith and diverse communittes of Southend. These projeds provide residents wlth a volc* and opportunities to help shape the firture of where th8y live. They 81$0 help to identify ga￿ In pro￿$10n, champlon local assets and promots strength based working. The work of our community projects continu88 to devebp Into new areas with the key theme bèlng that of angagthg wlth the public to raise awareness, provlde irrfonnalon. seek their views. keep them safe and build rgsilieno. ￿ engaging wfth the puljic in thoir noighbourhoods, we were able to Identlfy and support Iho most vulnèrable people in the (x)mmunlty, many of whom have ￿1116 or no soclal contact. Community Support Soclal Prnscrlblng: We host SopAal Prescribing Unk workern in thre8 of tho four Southend Primary Car8 Netrworks (PCN). Soaal pr8scriknng Is open to patient• agéd 18+ who present to thelr GP wlth issues that have a non - dinlcal underlying tsuse. Patients may have a social need, on-going health ¢ondrtions, regularty attend their GP surgery or are at rfsk of unplannad admission. Sodal Preg¢Mblng Llnk Workers meet patients rofe(red by their GP al th8lr pradl¢8 befo￿ referring and $ignposting to appropriate voluntary and o)mmunity sectQF 8ervlces. Patierts afo Ireatod hollstlcalty wtth the pO￿t of r8ferr81 dotwmined by Indmdual need". this Gould indudo Infornation to support health, financa or social 5801ation. This year SAVS, Soc481 Prescrfblng Team comKAeted 2411 referrBF8. The SAVS. Rocopuon Tejm: Our front of house 108m Is there to support residents with any qu¢rles relallng lo the Voluntary Sector in Southend and ￿YOnd. R•sldent5 are welcome to call or vFsit lh8 team five days a week wlth ary questions and arg then elthor directy sup{￿ed. or signpJ8tod to groups or organisations acros8 tha City. Pald members of Staff lead the team, but the majorlty of people arg voluntoer8 who donate their time to Supporting those who need a helping hand. HomoS•f• SOS Community Hub: In order to provide patients. famlty member8 and tha communlty with 888enllal 8UPPOrt, nlne Communty Hubs wore setup Buoss and South Es3ex. An ICB grant- nded plbt programme was run bo1￿0&n De¢*mber 2022 and May 2023 and then provided with ongoing fundlng to date. HomgS8fe SOS Is the service dellvered in South6nd, a partnership projec* ty: South•nd Assoclallon of Voluntary Servlces (SAVS), South Essax Advocacy servi￿ (S&4S) and CRIZ￿8 Advtr* Southend. Utlllslng e>isting a￿et$ and the oxperfenca and kn￿￿edge of partners, Y provided an effective gateway to communty-basgd ¥upport 8c¢essible by all r*sldent$ in &)uthend. Foodbank Vouch•r•: SAVS Ss a rgferral pather for Southend Foodbank, a network of foodbanks a￿99 Southend fvnded by the Trus8ell Trusl. We provide a fr80 referral so￿11￿, either iTh-porson or over the phone to help vulnerable South8nd rosidonts accegs food support. This yoar we made 2551 referrals lo Southend Foodbank. South•nd Volunte•r Hub.. A nèw Inltlatlve in ils fir8t year. Th8 Hub delwers a brokerage seNke promoung volunteering offers and opportunities across SoLrthend. Charities and group list thelr opportunities wikh the Hub. vla tha Volurrteer Essax platform.. exdusivèty avalable to Essex CVS organisalions. induding SAVS. Th880 OPPOrtunltlas are pro[￿le￿ throughout our netwo￿ and to the wider Volunt88r Essex audien(%. Our effeclive brokerage $orvi¢a en8ur8s all Indlvlduals interèsted in volunteerlng afe able lo access infonnalior7 about the range of vdunteefing roles through a Yariety ol dlfferènt media induding., website, phone, email and faGo to face. Pr05pe¢tive volunteers receNe impartial person-centred athce and guidance on a range of volunleerlng cotions. Opportunllles will have undergone a quallty check prior to promotlon and organisatlons will be supported to enhance those opwrtunilies and ensure vdunteering best practica. A successfvl year wsth over 600 voluntoars signing up in the first year wrth 138 organisations registered to the Hub shartng over 200 opportunrties. Southend centr￿ for Warnth: South8nd Centres for Warn)th is an innovative collaborative project led by SAVS and being delivered by 11 VCFSE sector partnars In Southend for Cadent, tho nallonal gas infrastruclure company. A first of rts kind for the business, ihe modet utilises a one-trpmany approad) to engage and rea(* residents in Soulh6nd with activilies that., promote energy safeguardlng and raise awareness of Carbon Monoxide (CO) safety issues, provide support to VLlnerable groups within the ry>mmunlty (i.e. debt. mental heatth. low- ino)me, marginalised group8 etc.) and create a posKive social retum. Launched in January 2024. the project has a targeted 2-year reach of 11.640 resldents In Southend wllh a predi￿ed &year social retum on investment for Cadant of over c. £7 million. SOUTHEND ASSOCIATION OF VOLUNTARY SERVICES TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Youth & F*mlly Dovelopm•nt A B•ttar Start Southend: A Better Start Southend is a 1W8ar prcgramme to devèlop and test new ways of supporting Southend's children and frdmilies. Thi5 year marked our sixth year of supportlng the progrnmme, wrth our contracted rolo prlmarlty fwjsslng on parenl engagement and ¢X production. Our work irKaudes empcwerin9 local par8nts through our Parent ChamplonslAmbassador prograrnmes and supporting them to become the volts of parents and participate In th8 various govemance meetings ofABSS. Trfph Ts: Children from central Southend have Triple fs dubs to help Insplr8 th8m and ralsè their aspiratlons wrth thanks to fvndlng from BBC Children in Need. We provide w8ekly sesslons for youngsters aged 8-12 years through a programme 018CtMtles, designed to d8velop each indNidual child In a safe environmonL W8 alm to gfve the youngsters opportunitles to bulld C￿nfidenCe, Imprvvo mental & physic41 wellbeing arNI parldpate in communty Inttlatives. In 202&2024, the Triple T Youth Clubs gUPPOrted 9) young people through the delivery of108 sessions. HAF: The HolKJay Advity and Food Programme (HAF)18 a fr88 and excitlng holiday programme for chlldran and young p8op18 aged 5 to 18 who get benefits related free s(*ool m6al8. The programme rnns ov8r the Easter (1 V￿8k), summar (4 weaks) and Chrfstmas (1 week) school holldays and 1$ funded by the Department for Education (DfE). SAVS Is a leading partnei of the HAF programme in Southend. Th1$ yoar wo supported 52 young people with 22 sesstons that enabled them to a¢¢ess free healthy end nutribous meals, as well as learnlng aboui food and nutsitlon, take part in heatthy lovd of physrcal actlwty. Above all. the young people h8V8 fun and maot now frfend8. feel safe and Secure, gel atte$s to sUp￿rt seN¢e8 and relum lo gthool f89Ung engaged and Teady to learn. Wdlb•lng Support•d Volunt•Ortng: this project fvndod by the National Lottery Comrnun]ty Fund Supportg people who may have experienced mental111 health Into volunleerfng. The alm of the project is to give volunteety one to on• support to incroase o)nfidence and reduce i$olatlon. to highlight 8kllls and experien￿ and help identsfy the type of voluntaorlng thay mlght wl$h to do. Eath year the project supports over 40 IndMttu819. Folk Like U¥: This Natjonal Lottery Communlty Fund fundod lnrtial1￿ provid88 8UPPOrt ar￿ advlce to people over the age of $5. Ilvlng in the borough of Southend who are 8xp8rlencing lonaliness and Isolation. These people are supportèd by Tuming Tides Community Team and where rgqulred wlll be signposted to seNic8s who can as$lst them fijther. Th1$ year the team have continued to support hundr*Jg of oldor people in Southend vla one to one horne vlslts, group S￿la1 ses8ion8. trIp8 Out and larg&S￿le Connect evénts. In 2023-2024. wo 8aw tho number of b8nefi¢i8rie3 of Ihlj project reach 141 people. SOUTHEND ASSOCIATION OF VOLUNTARY SERVICES TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Communlty Developmfrnt ommunlty 8ulldern - Th18 year we conllnued our work empowerlng r88idents in Southend vla our 'Communty Builders, projecL Two member8 of paid stsff dellver the initiative in Éhree areas a¢xoss Southend, operatlng In a strengih-basod way,. they are out in local communities, helplng rè8ld8nts nnéct wlth each other and to amplfy Iheir voic8. Thay dlscover local skllls and rasources, supportlng re8idonts lo tsk8 action on what matters to them. In 2023-2024 the Communlty Bullders project completed over 1,500 ￿nversattonS with local residents. COPD Communlty Connoctorn: A pilot progrdmme dalivered In partnership wlth He8lLhwatch Southend dasigned to gain 8 deeper undérslandlng of Ihe lived exparlance of those living wtth COPD In Southend when accessing support and limng a hedthior lrfe. It is also an oppo￿nIty to sharn vthat works well. This wogramme forms part of the nattonal drive to r8duc8 health inequafitles foujsing Dn Chronlc ObstnKtive Pulmonary Disea￿ (COPD) and supported through the CORE20PIu8S fr8mewoth. Programmes are laking pla¢8 aGross all seven rggions in EnglarKI and encompass the fvo dinical areas of focu$ outlined In the Core20PLUS5 approath.. matemity care, were rnental Illness. respiratory dlsea88. c8nGer and c9rdI￿Va$cu1ar disease. F•GllitAted Communlty Fundlng Communlty Inve•lTMnt Board: Wtth the alm of bullding a cullure of communty ownershlp and resilionce, SAVS supports an Ind8p8ndent boar(I made up of local experts by eyrience, The Community Inv8slment Board Is responsible for Invo$Vng £1.5m of Southond Cty Counc¢l funding lo realise a vision of a gugtsinable South8nd, where residents engage In thelr wider communitles and are empowered to achleve their full potential. Th18 allows residents lo demonstrate infiuanco and PQ8ltfve Impaca In a cty théy arè proud of. feel 88fe in and enjoy healthy and ftjlfilllng Ilvgs. By the end ol MarGh 2024, tho ljoard had dlstributed £1,269k gf thè £1.5m in grants lo loc￿1 groups. Southond Em•rg•ncy Fund: A8 part of the emergency response and support to resklent5 in SoLrth8nd, SAVS 8UPPOrts the Southend Emergency Fund, whlch is independ8nt of SAVS. The Fund pmwdes a vehide to dislribula thanclal based relief lo individual resldgrrts wa local Voluntsry S8Ctor organisations. Partiwlar work of the Fund thls y•ar ha$ been with Hou88hold Support (for energy. bllls arKI food). The Fund is led by an Independent panel and has awarded over £800,000 In 9rants. HMIth Inoqu•1ltl￿ Fund: Mld and South E3s8x Inl8gratsd Care Board have contracted SAVS as the Trusted Partner in South East Essex to admlnl8tor tho Health Inequalitios Fund. A first round of fundlng was owarded to four organlsation$ In Q3 of 202&2024. totalling £170,000, whlcTh wlll be 8etUed in 2024-25. SOUTHENDASSOCIATION OF VOLUNTARY SERVICES TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Flnanclal revlew Prlnclple fundlng sourwi The prinripal ffijnding sources for the tharty are C￿￿enty by Wdy of grants and comm18sloned projert inmme under seThice lovel agreement6 from our prolo(*s. A Ee￿+ndary source of income is from renting Offi￿ space wFthin the SAVS buildlng. Investment polley and obJoctlva• Th8 tharity continues to re￿ its investrnent pdlw. and our F￿lIty is to spread cash Investments acros8 a selectbn ol rèputable bankirva provldars. pos8ibl8 deposjts are wlthln the government backad prolethon lkntts. poll¢y We are pleased to raport that SAVS llnandal postiton contlnues to bé sound and thal the organbatlon contlnues on a fimi financlal footing. This achrevement Is duo to a dedicated and oynmltted wotlrforce, who work wlth enlhusia8m and Imaglnatlon to meot the changlng need8 of Ihe Southend Voluntary and Communty Sector and tha South8nd Communsty. At the year èr￿. the etharfty had unr8Stricted re6erves of £291,972 (2023: £256,786) of this amount £128,838 (2023; £108,970) ha8 been de8lgnaled for ftrture repairs and rénewals and a ￿)ntIngenCY fvnd should redund8ncl68 be r8qulr8d. Thls laavès an unrestd¢ted fund posttlon of £165.134 {2023,' £147,816). G￿n Ihal the Ma￿rIty, approyjmatety 90%, (2023. 91%>, of thé c*arty'8 Income Is derlved from grnnts and contrd¢X income, renewals of whlch are not guaranlaed boyond thelr currerbt agrèement perlod8. The trustees feel that It Is nocassary to ac￿mUl￿a unre8trF¢ted reseNes to a level. which, In Ihair opinii)n. wiu safaguatd 118 continued operatlon for a pertod long onough to obtaln altemative sourc88 of firndlng, #hould Ils currant sources of grant fvndlng c8a88 Iximpletely. Target reBeNes for 2024r25 are £300,724. Tho regeprfes poMcy18 lo add to unre8tricted reserves until that leval Is reachad, and thgreaftar rovlew tho posltlon to en8ur8 that any Surplus fvnds are Mrreth u80d. Golng conc•rn ilst preparing th888 ilnondal accounts the contlnugd operalJon of the Charity ha8 been glven due consid&ratlon. On thé back of the pandernic perrod, SAVS ￿ntInUes to Wob* In an aglla way with remot8 and homebased worklng 8mbedded In our dellvery. Thè cost of liviThJ ulsls and hlgh inilalion has affe(#ed the Chatty, wlth slgnrtlcant In(xea888 across our generdl funnlng Costs inckjdlng utlllty blll$ and rosources. Vthere available uplifts Sn fvndlng or addlllonal fiJnd$ have been 6urxe8sfulty secured to h81p mitigate soma of Ihe rlsk vAthln thls perfod. Therefore, these accounts have been prepared on 8 going conrAm basis. Fund8 In doficlt There wero no fvnd8 In deftclt at thè 8nd of the Flnanclal Year. FUTURE PLANS Our key fowses for 2024r25 Induda: To develop our WO￿ und•r five stratsgiG obJeGlives: 1. Capaaty Building and Irrfrastrudure Support 2. Bulldlng Dynamlc CommunEtles 3. Empo¥￿ing h￿IC*S 4. Develop su(r£ssfuJ partnerships, collaborations and relationships 5. Sustsinabilty SOUTHENDASSOCIATION OF VOLUNTARYSERVICES TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Structure, gov•rnanco and management Govemlng do¢um•nt The charty is controlled by its gov8mlng docum•tht. a deed of trus( and wistituts$ a ￿MIted ¢xmparry. limited by guaranlq•, a$ definod by the Companies Act 21)06. R￿rU11ment and appolnljmnt of now tn TnL8te8s are recruFted through a fornwl and tran$parent process and are appohtod at the Annual GenarBI Maatlng. Provision •xl8ts for trustees to be o>opted onto the board for sknlts availability purposas. Organh•tlon*l •trudur• Southond A880¢181Son of Voluntary Services has a Board of Tnjstses that meets evèry 3 months and Is responsible ft)r the stratsglc dlradon and pollcy of the organisalion. The Board 1$ made up of individuals from varlety of different professlonal ba(*grounds, with tho technlcal axpertise to support the seNkos provlded by the charlty. A stheme of délegatlon Is In place and tho day-trday re$ponslblllty fr•r th8 proTr*lslon of 8er¥lces r08ts with the Chlef Offi(%r Brid Daputy Chlef Offlcar along with the Flnance Manager and Management Team. The Chi8f Officer is re8ponslbl8 for oniurlng that the charlty delivers the ser%fj¢88 and Ihat the key performan¢a Indlcatorn are met. The Flnanr% Manager is responslble lor Iho day to doy managernont ol the finances. The management leam ha8 re8ponslbillty for InrJivldual 8upepthsk￿ of thèir staff and 8ngUrtng that the team (y)ntlnuo to d6v•lop thelr skNls and WOTklng pra(Xlc4s in line wlth good practlco. Induellon and tr•lnlng of n•w tru•tae• Tru8t8es new lo the charty take part In tha InductloTr pn)grdrnrne, whicth Introdu¢08 the followlng:" -M•morandum and Artkl88 of A8soclation -LateBt minutos and financial siatoments -Annu81 report -Resour¢ing and currant flnandal poiltlon as *t out In the latest finandal sLitsrnents -Futur8 plans and obJactives £¢ntact Information for felknv trustees and staff Al n8w tNstt3•8 r•colv8 a comprehenslve Induction Pod( for easa of refaronce. In addllion, trustèa$ hava recelved a (xjpy ot Tnjstee and Management Commltteé- N8tlonal OCuj￿I0nal Standard8. Al of our trustees are famli tarwith tho worft of the tharfty and are Involved in annual plannlng day8 for both Staff and tru81888. Rhk Manig•n*nt The trustees have a duty to identify and rev18w tho rlsks to whlch the charfty k expos8d and to ensure appfOPrtat8 t>)ntrols are in place to pro¥lde rea8onoble as5urnnc8 agaln8t fraud and em)r. The trusto•s have c4)n81der&d the ma￿r rf8k6 to whlch tha chaiity h exposed. and ha￿ put In placa a system to mttbate these risks. A risk register has been established which will be re¥1￿￿￿ and updated annually. Audltor In accordan￿ with the compan1$ artscles, a Tesolution pmposing that Azets Audit se￿1￿ be reappolnted as auditor of the (tsmpany wlll bo at a General Meetlng. SOUTHEND ASSOCIATION OF VOLUNTARY SERVICES TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 REFERENCE AND ADMINISTRATIVE DEfAIL¥ R•gl•t•r•d Company numb•r 03351855 (Englond and IWe$) R•g18t•r￿ Ch•rfty numb•r 1063855 R•gl•t•r•d olllo• SAVS Cgntr• 29131 AIoxAnd•r Str••t South•nd ¢)n Saa E$séx SS118W Gabrt•ll• Rydlngi Adrfan 8uggl• Paul Hlll John L Lamb (v•8lgn•d 07111A023) Janice ￿￿kar Sarnh Mftchdl Davkl Hurnt Chrfl D•Bond Ro•han Rom41 Audltor• Azats Audli sop1￿$ Chartarnd A￿%1￿n￿nIS 74 Brlt•nnl• Bu￿n•￿ Park Comet way S¢uth•nd OTr Sea E88ex SS2 6GE 8olldtor• BTMK Solkknr• 19 Clifftown Road Southand on S•a E88ex SS1 1AB Pr•sld•nt HI8 Worghlp. Tha Mayar Chlot Offlcèr Anthony Quinn SOUTHEND ASSOCIATION OF VOLUNTARY SERVICES TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED> FOR THE YEAR ENDED 31 MARCH 2024 FUND8 HELD AS CUSTODIAN FOR OTHERS The charity sometim6s holds funds on behalf of a 8m&ll number of local voluntary organi391ions who aro themselves In the process of obtalnlng charilallo status. This Is a Sponsorshlp and govemanca 88rdice which we provide in th8 fom)aOv• montt)s of an emerging charlty and Soc181 Ente￿riS6 onty. The funds are acL>)untsd $8parat8ty for in our accountlng reMrds. Th8$8 fund8 ara only dlstributed on rec4lpt of approprfatgly authorised requests from tho fxganlsotion5 involved. At the yaar-end £8W12023: £0) was held tn th1$ manner. In addltlon. SAVS holds funds on behalf of the Southend Em8rg8ncy Fund {SEF), fhe S(xthend Community Invesfrnent Fund (CIF) and thè Health Inequalitl85 Fund (HIF). SAVS is acting as an agent br thg distrfbutlon of the80 furKls, whlch come from local Governmant and the Health Seclor. A$ at 31st March 2024 funds held on behalf of SEF was £8,956 (2023: £8.510), CIF £118,356 (2023.. £108.336) and HIF £220.410 (2023.. £0). Dl•closur• of Infomiatlon to audltorn Eath of the tnistees has confimied that there Is no infomwtlon of whld) they are aware whlch 1$ relevant to Iha audit. but of whl¢h the 8uditor is unawaré. They have fijrther confimied that thay have taken approprlat8 Steps to Identlty suth retevanl information and to establl$h that thè auastor18 aware of suth infom12tlon. Tha Truoteoi rgport wa$ approved ty the Board of Trust808. G Rydlng• Tru8taa Doted: 29 OGtober 2024 10- SOUTHEND ASSOCIATION OF VOLUNTARY SERVICES STATEMENT OF TRUSTEES RESPONS181LrriES FOR THE YEAR ENDED 31 MARCH 2024 The trustees, who ara also dlractors of SoLrth6nd Assodalon of Voluntary Serthces for the purpose of (¥Jmpany w. are respon￿bla for preparfng the Truste8 Annual Re￿rt and the finanaal statsrnonts In a(xx)nlance wlth applICab￿ law and Unlted lfjngdom Accounllng Standards (Unlted lQngdom Genorally Accepted Arxountlng PracllrA>. Company Law requires the trustO8S to prepar& llnandal gtstements for each finandal yaar whlth giv8 a true and fall vlwN of the state of affalrs of the charfty and of the Incfjmlng resources and appll¢atlon of resources. Indudlng the income and expenditure. of the tharitsble company for that year. In preparing the89 fin8n(xal •tstement& the trustees are requ￿ad to: - ¥elect sullable a(wunting polides and then apply thgm C￿51￿ten1￿', - obseN8 the methods and prlnclp188 In thè Charttt8s SORP; - mako Judgaments and 8StSmates that are rn•8onabl8 and prudtrLt', Ind - preparè th8 finandal 8t81emants on the golng concem b8818 unle&8 It18 tiiappropriatè to pr88umo that thé tharfty wlll contlnua In operalon. Tha trustees are responslble for keeplng adequate accounlng recofds that dlsdos8 wSlh r8asonabl8 accuracy at any tlme the finana81 posi1Son of the charity and enable them to an8ure that the finanLaal statements comth wlth the Companla$ Ad 2CK16. Thèy aro al$0 re$pon$lble for $8feguordlng the a$sets of the chartty and h•nce for taklng reasonable steps lor the prnverfon qnd dete(aion of fraud and olher irregularities. 11 SOUTHEND ASSOCIATION OF VOLUNTARY SERVICES INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF SOUTHEND ASSOCIATION OF VOLUNTARY SERVICES Oplnion We hav8 audited the financial statements of Soulhend Assoc18tion of Voluntary Servic*s (the 'dMrW> for the ye8r ended 31 Marth 2024 whith compr188 th8 statement of financial adMti•8. the balance 6hee( tha statement of ￿$h flows and notes to ttie finandal statements, Includlng signtficant accountlng polldes. The financial reporting framework that has been appli8d In thelr preparatlon is applicable law and United lfjngdom Aco)untlng Standards. includlng Flnanctal Reporting Stsndard 102 Th• Finan￿81 Repo￿ng Standanl appllcable in th8 UK and Republic of Ireland (United Klngdom Generally AcrLpted Asxauntlng Practl¢el. In our opinlon, the f￿anc4a1 statèments: gNe a tru8 and falr vlew of the state of tha tharrtable companls affalr8 a8 al 31 March 2024 and of rtg Incoming resources and applltratlon of resourc£s, for the year then ended. have be￿ properly prepared In accordonce wllh United Kingdom Generalty A(tspted Accounting Practtce.. and hav8 been wepar8d In aecordance wlth the requir8m8nt8 of th• Companies Act 2008. BaJl8 for Oplnlon We condutxed our audit in ac￿rdance wlth Intematlonal Standard8 on Audttin9 {UlQ (1&48 (UK)) and appliGeble law. Our r88pon8lbiUtles under thos8 Standards are fvrthar descrlbed in the Audltorfs responsibililios ftir the audtt of tho 11n8n￿al $18temonls sadion of our roporL We ar8 Independent of the charity in ac¢ordan¢e wtth the ethical requirements that are relevant to our audit of th8 finandal statements in the UK, including the FRC'S Ethlcal Stsndard. and w& havo fulfilled our Qthor ethlcal respon51bllitles in accordance with these requlr8m8ntg. We ballove that the audrt evld6nc8 wa have obtsined is sufficient and approprlats to provide a bas1$ for our oplnion. Conelu•lon8 rnlatlng to golng conc•rn In auditlng the financial statèmènts, we hav6 wncludèd that the Trust&e$ use of the going concam ba$ls of accounting in the preparation of thè ftnancial statements is appropriate. B85ed on the work w8 have p8rfomied, we have nol ident¢fied any materlal unortalnl88 ralallng to 8vents or condlllons that, IndlvlduaEty or ￿lleC￿1Vely. may cast $lgnltbnt doubl on the charfty's abilty to continue as a going concern for a pariod of at least twelve month$ from vthen the financial statements are authorised lor Issue. Our responsibilrtle• and the r8sponsibilttia$ of the trustee8 vrith resp¢d to golng ￿nCern are de8crlbwJ In the relevant 6ectlon$ ol th18 report. othor InforrnatFon Tho other Infomalion o)mprf8es tho Inforn8tton induded In thè annual report other than the financlal ststements and ¢)ur audltorfs report thereon. The truBtee8 are responslblg for the othér informaUon contain9d within the annual report. Our opinlon on the fin8nc4al statements does not cover the olher Infomiatlon and we do not 8xpre¥s any fom of assurance condusion the￿on. Our respon¥lbllty is to read the olhw Informauon and, in doing so. consider whether the other irrformation is materially inconsistent wllh the financial Statements QT our knowledge obtalngd in th8 0)urse of the audit, or othermse appgar5 to be mat•rialty mi8stst8d. If we Identlfy 5uth material Inwnslstenryes or apparent material MI$state￿nIS, we are required to detemiine wh8ther Ihis glves rise to a material misstatement in the financial Statements thams6lves. If, based on the work we have performed, we r3)ndude thal Ihere 1$ a material misstatement ol thls olher Infomation. we are requirgd to report thal fact. have nothlng to report In this ragard. Matters on whlch w• arn rgqulrod to report by exceptlon have nothing lo rèport in rèspèct of th8 followlng matters in relation to which the Chatiiies Wcwunts and Reportsl Regulation3 2008 require us to report to you If, in our opinion.. th8 infomation given in lh8 finan(aal stat8ment8 is inconsistent in any material respèct the Trustees roPQrt,' or sufficient a¢￿UntIng records have not been kept: or the financial statements are nol In agreement with the accountÈng recx)rds", or we have not received all the ￿fo￿atrOn and explanattons we require for our audit. 12- SOUTHEND ASSOCIATION OF VOLUNTARY SERVICES INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF SOUTHEND ASSOCIATION OF VOLUNTARY SERVICES Rgspon$lbllltles of Irustees As explained more fully in the statement of Tfustees responslbllltles, the trustees, who are also Ihe directors of the charity for the putpo86 of company law. aro rosponslblo for tha Pfeparallon of th6 financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determlne Is necessary to enable the preparation of financial Statements thal are fr88 from material mls5tatement, whether due to fraud or error. In prepartng the fjnancial statements, the trustees are responsible for assesslng iho Charlty's abllfty to (xntinue as a going toncern, disclosing. as applicable, matters related lo going concem and using the golng concem basls of attounting unlass the tnJst•o$ •ith8r Intond to liquldato tho charitable (x)mpany or to C*Ja operations, or have no realistic 81tgmative but lo do 60. Audltof• re•ponslbllllleg for th? audlt of the flnancl•l stat¢rngnt• We have been appointed as auditor under secb¢)n 144 of the Charitie8 Ad 2011 and report in aw)rdan￿ with the Act and r•levant r6gulations mado or haNing effect thoreundor. Our objedives are to obtain reasonable assurance about whether the finanaal slatements as a wllole are free from materlal ml$ststement, whelher due to fraud Of wror, and to issue an audito¢¥ report that Indude$ our opinion. Reasonable Assurance is a high level of assurnno but is not a guaranlee thal an audit conducted In a￿OrdanCe wth ISAS (UK) wlll afviays det6LI a mat6rlal mlsstalamenl when It éxlsts. Misslatemen18 Can arfse from fraud oi erTor and are o)nsldered materlal M. indivldualty or in the aggregate. they (>)uld reasonabty bé èxp6¢t8d to Influenca the economic dec4sions of users taken on the basis of these finanoal statements. A futhér desixiption of our responsibilities is available on the Flnon(x81 Reporting Coundfs website at httpsjl w¥rw.trc.org.uklaudltorsro$pon8lbllltie8. Thls des￿9￿On form8 part of our audltofs report. Extènt to whleh th• audlt ¢on8ld•r•d eapabh of d•t•ctlng Irr•gularftle•. Includlng traud IrregulariOe$, Induding fraud, are Ingtanc88 of noTrcompllanc8 wlth laws and regulallon8. We d881gn procedur88 In Ilne with our responsibllrll8S. Outlined above and on the Financial Reporting Coun(ifs webslte, to dotgct material mlsstatement8 in respect of Irrwularith'g8. Induding fraud. We obtaln and updatfj our undor¥tsndlng of tho gnllty. Its adlvttle$, Its control environmènL and fikely fvture developments, irK4uding in relation to the legal and regulatory framework applicable and h¢)w the entity 1$ o)mptylng wRh that framawort Ba¥wJ on thls underslandlng. wo identty and assess the rtsks of material misstatement of the financtal ststementj, whether due to fraud or error, deslon and perfom audit proceduw Tesponslvo to those risk8. and obtaln audR e￿dence that 16 8uffldent and approprfal& to provlde a basis for our opinlon. This includes conslderation of the risk of acts by the enfjty that were contrary to appllcable lawj and regulatlons. Induding fraud. In response to the rlsk of IrregularStles and nonryojmpllanca wth laws and regulations, Induding fraud. we desiqned procedures which irKluded: Enquiry of management and those tharged wlth govemance around aclual and potentlal IhNJallon arHI claims a¥ well as actual. 8uspected and alleged fraud. Reviewing minute5 of meetings of those charged with govemance: Assessing the extent of compliance with the law8 and Tegulations o)nsidered to havo a dlrect materlal effecl on the financial 51aternents or Ihe opeRtions of Ihe entity through enquiry and in3pection; Reviewing financial statement disdosures and testing to supportlng doajmentation to compllancè with applicable laws and regulations: Perfomilng audlt work over thè rlsk of management btas and overrfde of eontrols, indudrng te8ting of Joumal entries and other adjustments for approprtateness, eNBluating th8 business rationale of Signifiiant transacttons outside the nonnal ¢ourse of business and reviewing acjxunting estlmates for indicators of potential bias. Be￿U¥e of the inherent Ilrnttations of an audit, there is a risk that we will not deterA all iffe9ularitie5. including those leading to a material mrsstatement in the flnanclal statgmgnts or notFcompliance wrlh rogulatron. Thr4 risk inueases the more Ihat compllance vAth a Saw or regulals)n is ￿MOVed from the events and transacttons refiect8d in the financial statements, as we will be less likety to become aware of inslances of non4¥mplianco. The risk of not detecalng 8 material misstalement results.ng from fraud is hlgher than for one rèsuttlng from error, as fraud may invofve o)Ilusion, forgery, intentional omissions, misrepresentations, or Ihe override of intemal control. 13- SOUTHEND ASSOCIATION OF VOLUNTARY SERVICES INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF SOUTHEND ASSOCIATION OF VOLUNTARY SERVICES of our veport Thlg r6port18 made solely to the charfvg biJ3tee8, 83 a body, in aco)rdan￿ with part 4 of the Charltles (Acry)unts and Reports) Regulations 2008. Our audil work has been ur)d8rtaken go that we mSght gtate to the ¢harW$ tnist those matters we Ara required to state to thom In an audrfiorfs report and for no other purpose. To tho ffijlast extent pemiitled by law, w8 do not accept or assume responsibirty to anyone other than the charlty and th8 charW$ tru8tee$ a8 a body. for our audlt Vffjt*. for thls report, or for the oplnlong wa have forTned. Azftts Audlt Sofvk•• 29 October 2024 Chartornd A¢¢ount•nts Statutory Auditor 7- 8 Britsnnla Bu81ne&8 Pwk Comet Way Southend-on-sea Essex United Kjngdom SS2 6GE Alets Audlt SèDAcas 18 allglble for appolntment as audltor of the ¢hanty by vlrtu• of It$ ollglblltty for appolntment a$ audltor of a ￿rnpanY under sectton 1212 01 the Companies Act 2008. 14- SOUTHEND ASSOCIATION OF VOLUNTARY SERVICES STATEMEKf OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unl￿trICt•d R•8tricted fund• lund* 2024 2024 Total Unreglrt¢tsd Roslricted fund8 fiinds 2023 2023 Total 2024 2023 Donatlons and 18g8¢Aes Charftabla aGlivities Investments 8,478 9,382 208,990 1,044,359 1,253,349 18,087 18.087 11,444 151,28S 5,825 7,938 905,218 19.382 1.056,501 5,625 Total Incom• 227,981 1,052,837 1,280,818 168,354 913,154 1,081,508 Charltable activitios 195.618 1,070,928 1,266,544 122,248 892.904 1.015.152 N•t In¢omlnglloutyolng) rn•¢)urc•• b•for• traDsfern 32,363 (18.089) 14.274 46,106 20,250 86.3 Gro&8 Iransf8r8 btheen funds 2,823 {2,823) Net Incom•ll•xp•ndl￿r•) for the yoarl N•t mov•mgnt In funds 36,188 120.912) 14.274 48,1C 20,250 e6.356 Fund balanc6s at 1 Awll 2023 258,786 297.288 554.052 210,680 277.018 487.898 Fund balances at 31 Mar¢h 2024 291.972 278.354 588.326 258,788 297.268 554.052 The statom•nt of finan¢lal actEvlli08 Indud•8 atl gain• and1088•8 recognised In the yoar. All InL¥xne arKI expenditure dert¥a from conllnulng acuvttl The statement of financial activities 8180 complies with the requir8ments for an income and exparKliture acc(xmt under the CompaniesAct 2006. 15- SOUTHENDASSOCIATION OF VOLUNTARY SERVICES BALANCE SHEET ASAf31 MARCH 2024 2024 2023 Flx•d a•••ts Tanglble a880ts Curr•nt ••••ts 11 12,552 1.386 12 33.022 897,288 Cash at b•nk and In hand 933,841 957,045 Cmdltorn: amount• falllng du• wllhln on• y••r P93,771) (187.842) Not curront a$¥ats 583,274 Totsl a•••l• IM• ¢urr•nt lknblllll 576.826 Cr•dltorn: amounts falllng du• alt•r mor• than on• y•ar 14 17.5th)) (10,OCrfJ) N•t a•••ts 554,052 Ine¢)m• fvnd• Re8trlct8d fund• Unmtrlthd fiJnd• 278.354 291.972 297,288 258,788 554,052 SOUTHEND ASSOCIATION OF VOLUNTARY SERVICES BALANCE SHEET (CONTINUED) ASAT31 MARCH 2024 The Company Is entlued to the exemptlon from the audtt r8qulrem8nt e4)ntain&d In section 477 ot the Comp8nie8 A 2006, for the year ended 31 Marth 2024. although an audit has been ￿1[18d out under section 144 of the Chariltes Act2011. The directors 8(*novAed9e their respon8ibilitleg for ￿Mp￿ing ￿ryth the requirements of the Compwies A¢t 2iX with r•8pect lo ac£x)unting records ond tho preparation of finanoal stateft￿￿ts. Thé members have not requirèd the Company to obtain an audil of its financial statements under the requlr8m8nts of thé Companbe8 Act 2006, for tha year In quesllon In accordance wlth 8e(JJon 476. These finaftdal statèments have been prepared acconlance with th8 provi$tons appll(xble to companlé8 subJéL# to th6 small companles raglma. The andal atatemonts were approved by the Tru8t888 on 29 Octob8r 2024 G Rydlngs Compony R•gl•triUon 03301880 17- SOUTHENDASSOCIATION OF VOLUNTARY SERVICES STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Ilot•s C••h flo￿ Irom op•ratlng acllvltl•• Co8h g•nerat•d from opernY¢)ns 19 235287 Inv••tlng acllvltt•• purcha￿ of tanglbl• fflx•d ai88ts Irrt•r••t re(*ived (14.319) 18,087 5,625 N•t ca•h g•n•ratsd from Inv••llng athltl•• 3,768 5,825 Flnanclng aGtMII R•payment of loans (2,500> (5,000) N•t ¢a•h u••d In flnanclni acUvlU•• (6,000) N•t Incmm In ￿•h And ca•h •qulval•nl¥ 2,647 Calh and cash •qulvalonts at beglnnlng of y•ar 897.288 894,639 Ca•h fA•h •qulvahnts at •nd of y•4r 933,841 897.286 18- SOUTHEND ASSOCIATION OF VOLUNTARY SERVICES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 AcC(￿ntIng pollcl•• Charfty InfonTratlon Southend As$odatlon of Voluntsry Setvices Is a p￿ate company Ilmtted by guarantso In￿rporatsd in England and Walwd. The registered offty￿ is SAVS Centre, 2&31 Alexandra Street, Southend-on-sea, Esse SS118W. United lQngdom. 1.1 8a•h of preparfng th• flnanclal st•tsm•nts Tha finaniial 81atements have been prepared In aC￿rdan￿ with the charitys govèming document, the Companies Acl 2006. FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. CFRS 1021 and th8 Charttles SORP "A(£ountlng and Raportlng by Charttl&$: Stalomant of RerA)mmended Pratxlce appllcable to chaFities preparing their accounls in ar£ordan¢e with the Financlal R8portln9 Standard appllcablè Sn tha UK and Ropublic of Ireland (FRS 102). (affoctNe 1 January 2019). Tha d)ality18 a Public Benafft EnUty al defined by FRS 102. The flnandal sL*8m8nls arn prnpared In 8t8rflng, whlch Is Iha fundlonal currancy of thè chanty. Monétsry amounls In theso finandal statemants ar& roundad to the naarest £. The finanaal statements have been prepared under the historical cost convention. The prtncipal a(zounting poli¢i0g adopted are set out below. 1.2 Golng cone•rn At Iha lime of approving ihe financial $tatefflants, t￿ truJto8$ ha￿ a reasonable expectsllon that th8 charty has adaquate rasourcas to conilnua In op6rattonal 8xlst6nc8 for tho torés88able fijturé. Thus the trustees continue lo adopt the going concem basis of accounting in prepaving the financial statemfints. Further Snfomiatlon ralatlng lo golng concom can b8 fr>und In th8 Réport of the Tru8te88. 1.3 Charltabl• lund$ Unrestricled fvnds ¢xn be used fn accordance with the tharftable obJ8Cttves at the dlstretton olthe tr￿109$. Restricied fun08 can Mly be used for particular re8tritA8d purposes within the objects of the charty. Re5tr1¢tlon$ arSs9 when Jpecffied by the donor or when fvnds are ralsed for partlcul8r re8trlctod purpos88. Futhw axplanatlon of the nature and purpi)6eB of eath fund is induded in the notes to the flnandal gtatsments. 1.4 Incorno All Income Is recognised In the blatement of Financ4al Aclmlies once tho dlarty ha8 entitlement to the lunds, it is pTobaL48 that tha income WHI be received and th&amount can bo measured réliably. 1.5 EXp•nd1￿r• Liabilities are r8(x)gnised as expenditure a$ soon as there is a legal or construdlv8 obligation commititng the charity to that expenditure. it is probable that a transfer of ￿0￿orniC beneffts will be reqUI￿d in settlement and the amount of the obligation can be measured ieliabty. Exwditure is accounted for on an auJuals basis and has been dasstfkd under headings that aggregate all cost related to the category. ￿ere ￿sts cannot bè diredly attributed to parbcular headlrYJs they have been allo¢ated to activities on a basis consistent with the US8 of resources. Expenses are allocated per project on a controlled and calculated basls depending on woth load and fundlng agreement as ￿r grant applications. 19- SOUTHEND ASSOCIATION OF VOLUNTARY SERVICES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED> FOR THE YEAR ENDED 31 MARCH 2024 AccounllTrg polkl• Icontinuod) 1.6 Tangibb fixed a88Ot8 Tangible fixed assets are Inltlally m•asurod at cost and subseqyenfly moasurod at wst or valuatK>n. not of deprnciation and any Impalmiont h)sses. Depreclatk)n IJ rerx)gni$ed so a8 to wrfte off the cost or VBluatton of assets188s Ihelr residual value8 over thelr usefiA rivets on the foll￿n9 bases. VJxlure8 and fftflng8 Computers Motor vehld8$ 25¥0 on cost 33% on ￿$t 259A on ￿51 1.7 Ba41¢ fln•nclal aM•ts 8a$lc ilnandal assets, whkh includo debtors and catsh and bank balancos, are initially mea#uréd Al transaction prtca Includlng transaction Dx8ts ond aré subsequenlfy carrfed at amortl$ed ca)st using tha 8ffedlv8 Interest method unless the arrang8mant ￿n8￿uleS a financing transaction, where the transaction18 measured at th8 pr8s8nl valua of the future recelpls disu)unt8d al a market rate of intere$L FI￿n(la{ assets dassified as rectfvabla wlthin one year are not amortl$8d. 1.8 Ba$k ffn4n¢lal lJabllld•s Bgslc financAal liabilitie8, Includlng ¢reditors and bank loans aré Initlalty recognlsed at transactlon prfce unles8 the arrdngemont eon6lftuts8 a Ilnandng transacyon, where th8 debt Instrum&nt Is measured at Ihe present valu• of the fvrture payments discounted at a m8rket rat8 of interesL Flnanclal Ilabllitles &3sifi9d a8 payabla vAthln one year are not afflort180d. Debt In8trum8nts are 8ubsequentty carri8d at amorti8ed cost, Using th• effoctivo Interest rato method. Trad9 cr8dltors are obligatlon8 to pay for goods or servlce5 that have been a¢qulred in the ordlnary cour8e of operalion3 from YUPPllers. Arnounts payable aro dasslfied as current Ilabifit108 rf paymont18 due wlthin one year or I￿8. If not, they are piesented as norFoJrrent liabilities. Trade credltors are recognised Initlally al tranaaction price arKI 8ubsequonty measured at amortised ￿6t u8lng the effedive iDteroSt mfjthod. 1.9 Taxatlon The thadty h exempt from UJrpor8tlon tax on its charitable aGtlvlUe8. 1.10 Employ49 b•n•fits Tho cost of any unused holtday entitjemgnl 1$ reGognised in the period In vthl¢h the empkjyee's servlces are received. Tèrminatitin ben8fits are recognisad Immèdlatety as an expense when the chaiityls domonstrably committed to terninata the amploymant of an employee CY to provide terminalion b&naffts. Crili¢al accounung estimatss and ludgemonts In the appll¢2tlon of the tharity'5 a¢￿Unting poltcies, the trustees are required to make Judgements. e8￿MateS ond assumplions aboLrt the carying amount of assets and liabilttles that are not readity appafent from other sources. Tho estimate5 and assoc¥ated assumptions a￿ based on historical experierr£ and other factors that are consldered to be relevant Adual results may dtffer from these estimates. The estimates and underfying assumptions are r8viewed on an ongoing basis. Revi&¢on8 lo accounting éstimates ar8 rècognTrsèd in th8 period in which the estimate is revised where the revision affects only that period, or in the per?od of tho ravision and future periods where the reViS￿n affeds both Current and fubjre pwi¢)ds. -20- SOUTHEND ASSOCIATION OF VOLUNTARY SERVICES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charlt•blo actlvlU•8 Charftabl• Charltabl• Incom• In¢om• 2024 2023 Resourcè offth lettlng8 Sundry ￿ra)me Grants S8D*i(x18vel agre8ment Inc¥)rn8 83,953 57.810 30,301 7,881 1,042,095 9(JS.346 117,000 1,253,349 1,058,$01 Anity•h by fiind Unr95tr1ct8d fvnds Restrlcted fvnds 208.990 1,044.359 151,285 )5,216 1.253.349 1,058.501 P•rfomwnw rnlat•d grants Folks Like Us Trlple f8 Sndudlng CIN A Bettgr Start Wallbalng Soc181 Pr08cilblng SoulherKI Centres for Warmth Communlty Builders CommunEty Connectors Hospital discharge Cornmunty Invesknent ￿ard other 825 54.508 165.615 204.1))9 198,142 53,931 198,870 207,140 204,988 167.500 71,250 29,1150 42,000 37.C*XI 175,197 89.118 1.042.095 9Ck8.346 Don•tlong and l•gacl•s Unr•strlet•d Rutrlcted funds funds Total Unrestricted Re*rictsd funds fvnds Total 2024 2024 2024 2023 2023 2023 D(*￿tIOnS 8.478 11,4 19.382 21 SOUTHENDASSOCIATION OF VOLUNTARY SERVICES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Inve•tsMnts Unro•tri¢t•d UnrestriGtod fund* fund$ 2023 Bank deposit int•ro8t 18,087 5.625 Charltabl• actfvit10• 2024 2023 Stsff cost8 Chartiablo oxpondlture 847,697 410.897 762.749 245.683 1,258.584 1,008,432 Share of g¢)vemance ¢￿ts (see notg n 7.950 6,720 1,266.544 1.015,152 AMty81$ by lund Unrestricted fund$ RaslriGted funds 195.818 1,070.926 122.248 892,904 1,286,544 1,015,152 Support co•ts Support Gov•fflanc• C￿t* 2024Support costs Govemanc• 2023 Audit feea 8.720 8.720 7.950 6.720 6,720 An￿Y$ed behyeen Charitsble aGllvtties 7,850 6,720 8.720 -22- SOUTHEND ASSOCIATION OF VOLUNTARY SERVICES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 There was no truste8s' remunerallon or other benellts f¢r tho yaar ended 31 March 2024 nor for the y ended 31 Marth 2¢r23. No directorAN8t88 re¢eiwl any remuneralion or rein*ursement of expens88 durlng the yèar (2023- rnno). No dlreclorftNstee or other person rèlatsd to tho chartty had any personal interest in any contract or transadon entered into by the charity durfng the year {202& none). Trusts￿, •xp•n•g4 There no trustee8' expenae8 pald for the year ended 31 MarGh 2(r24 nor for the year end•d 31 March 2023. Employ￿* The average monthty number of employe￿ durfng thé year wai: 37 2024 Numb•r 2023 Numb•r Chief offlc*r Prole(a work8r8 Admlnlstralon l Flnanclal Management Deputy Chlef Offlcér 26 25 37 35 Employmont ¢o•ts 2024 2013 g08 and $plarto$ 847.697 762,749 There were no omployg8$ whose annual r•mun6ralion was more than £60.000. 10 Taxatlon The rtharfty18 exempt from tax on income and gains fal%ng wthin sethon 505 of the T￿85 Act 1988 or seGII( 252 of the Taxallon of Chargeable Galns Act 1992 to the e*tent that these are applied to tt¥ chaiitable object -23- SOUTHENDASSOCIATION OF VOLUNTARYSERVICES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARGH 2024 11 Tangibl• ffx•d a•••ts Totsl Co•t Al 1 Aprl 2023 Additions 80.378 13.670 120.384 14.319 9,974 At 31 March 2024 64,721 58,312 13.670 134.703 D•prn¢latlon and Impalm*nt At 1 Aprll 2023 DepreeJ&tk)n charyed In tho yoar 58,990 1,356 48.338 1,797 13.670 118,998 3,153 At 31 Marth 2024 48,135 13,870 122,151 Carrylng amount At 31 March 2024 4,375 8,177 12,552 At 31 March 2023 1,388 12 0•1)to 2024 2023 Amounts falllng wlthln on• year. Trade deblorn Other d8btors Prapaymonts and actrued Income 21,548 3,565 8,089 9.2PJ9 23,204 33.022 Trad8 debtOFB di8dosad above are ctassffied ag loans and r•cerrfables and are ther8fofa Measur￿ at amortised c￿1. 13 Cr•dltorn: amounts lalllnll du• wlthln ono yur 2024 2023 Other loans (see note 15) Trada credlto Ofvr creditors Accwed expeftsas 2.500 8.￿2 137,677 20.863 366.722 21.343 393,TT1 167,642 -24- SOUTHEND ASSOCIATION OF VOLUNTARY SERVICES NOTES TO THE FINANCIAL STATEMENTS (cowllNUED) FOR THE YEAR ENDED 31 MARCH 2024 14 Crndltorl: wnounts falllng du• aft•r morn than on• y•ar 2024 2023 Oth•r10gn8 (80• nol• 15) 18 10,000 10 Lo•n• and ov•rdr•f• 2024 2023 I￿her loa 10,O¢JO 12.8C Payable wlthln one year Payabl• aft•r one year 7,$ 10,CL)J Tha loan above wa8 recalv￿ from southenthoTrSea Borough Councl In 2005 to flnance tha dolkli on the Alexandra Street proJq¢L It IJ Inl•r•8t fr•• and ropayable in annu•l Inthlm•nts of £2,500, the last In$t8lm•nt falllng due on 30th November 2027. roc co )rQ 1 <4 (44 %18=.8ggi ¢ry￿ l ￿￿0 i e cF*27J & c a￿￿￿1{))￿= o. 19 C•¥h gonorntod from opornllon• 2024 2023 Surplu6 for the year 14.274 86.356 Adjustments for. Investment income recx)gni6ed in s181ement of finanGi818divStie8 Depreciatlon and Impalmient of tangible fixod assets (18.08n 3.153 (5,825) 1,301 Moveménts in w0￿1n9 Capital: D6uo8801{In¢r8ase> In d8btor8 IncreaSe1{d￿reaSe) In creditors 9,818 226,129 17.536) (52.474> Ca•h goneratsd from oporatlon• 235.287 2.022 20 Analy•lg of Chang￿ In net fund• At t Apr# 2023 Ca•h fiow¥At 31 M•r¢h 2024 Cash at bank and in hand 697.286 933,841 Loans faling due within one year Loans falling dua after more than one year (2,500) (10,000) (2,500) .500> 684.786 239,055 923,841 -27-