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2023-03-31-accounts

Glossop and District Volunteer Bureau operating as

The Bureau

Report and Financial Statements for the Year Ended 31 March 2023

Company number 3455027 Charity number 1067170

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Company number 3455027 Charity number 1067170

Registered office and operational address Bank House, 22 Henry Street, Glossop, SK13 8BW

Board of Trustees Members of the Board of Trustees, who are also directors under company law, who served during the year and up to the date of this report were as follows:

Sue Nash

Elaine Richardson

Andy Zuntz Wayne Prior Peter Carefoot Simon Rogers Lynda Shentall (Appointed 24 May 2023) Adrian Stokes (Appointed 1 April 2023) Daniel McCoughlin (Appointed 1 April 2023) Jean Shanks (Appointed 27 March 2023) (Resigned 12 October 2023)

Staff

Natalie Rhodes Chief Officer Karen Gard Finance and Compliance Officer/BBO Administrator Ruth Towner-Yates Community Health and Wellbeing Manager Graham Morgan Service Development and Programme Manager Lauren Moore Operations Manager (Maternity) Mark Allen Operations Manager (Maternity cover) Rebecca Hyde Finance Officer Ed Kelly Life Skills Lead (left September 2022) Frances Jodrell Life Skill Lead (from September 2022) Matthew Gregory Community Development Lead Helen Thornhill Move More Project Lead Emma Delany Digital Health Lead Janice Imrie PCN Link Worker Jackson Barnes PCN Link Worker

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Lisa Newens Community Navigator
Rebecca Knowles Community Navigator
Bev Maycock Community Navigation Triage
Paul Kiddy Sight Loss and Call Companions Coordinator
Jon Grace Green Social Prescribing Programme Manager
Russell Gard Employability Advisor
Janine Bramald Car Scheme Coordinator
Nathan Connor Befriending Coordinator
Paula Rydings Life Skills Support Worker
Fiona Nelson Volunteer Coordinator
Josh Asquith Business Administrator
Lauren Hastie Peer Support Administrator
Stacey Bedwell BBO Work Coach
Pauline Herbert Cleaner

Bankers National Westminster Bank plc Norfolk Square, Glossop, Derbyshire SK13 8BR Independent Christy Lau FCCA DChA, Slade & Cooper Limited examiner Beehive Mill, Jersey Street, Ancoats Manchester, M4 6JG

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Chair’s Review

Welcome to the Annual Review for year ending 31[st] March 2023.

In last year’s annual report we reflected on our response to and recovery from the Covid epidemic. This year our focus has been on re-establishing our core strategy, dealing with the cost of living crisis, and ensuring our finances are in a robust position to enable us to continue tackling our key priorities.

Our revised strategic aims give a real focus and sense of direction to The Bureau that will set us on a positive course for years to come. It was developed with a range of partners and truly reflects our purpose and focus.

Financially we have stabilised our position and had a very successful year in terms of funding, including one of our most successful funding bids which will support our Life Skills programme for a further three years. Our finance team have managed our resources so well through the year that we are now in a position to provide additional resources to the community to help tackle the cost of living crisis that is causing so much anxiety for many people.

As always, our superb staff and volunteers have ensured that over the last 12 months The Bureau has delivered great services to the Glossopdale community, and will continue to do so. The staff team have proved themselves to be outstanding in responding to the many challenges faced by the community at a time of great financial pressure for many people. And our volunteers have been tireless in putting themselves forward to help support some of the most vulnerable people in the area.

I would also like to thank the Trustees who have overseen the Bureaus activities with commitment and professionalism. Finally a thank you to our many partners who have helped us achieve another successful year. We look forward to working with you all for many years to come.

Simon Rogers (Chair of the Board of Trustees)

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Objectives and Activities

The Board of Trustees reviews the aims, objectives and activities of the charity each year. This report sets out our activities and looks at the outcomes we have achieved over the previous year. The review examines the success of each key activity and the benefits experienced by residents and groups across Glossopdale. The review also helps us to ensure that our aims, objectives and activities remain focussed on our stated purposes, and directed towards public benefit.

The Board has referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the Board has considered how planned activities will contribute to the set aims and objectives.

The Bureau is a community wellbeing charity with continued dedication to improving the quality of life for the people of Glossopdale and the surrounding areas. We support people and communities across Glossopdale to take action that improves the quality of life of local people, by creating solutions and opportunities that enable them to create positive social change and community benefit. This all rooted in our fundamental beliefs that:

Our revised strategic plan for 2022- 2025 sets out 5 key aims, to:

1. Encourage local people to volunteer and support others

2. Offer advice and practical help

3. Connect people with other relevant services

4. Support the growth of community activity and action

5. Respond to community needs as they arise

The revised strategy works to articulate more clearly what we do and how we do it so that all of our stakeholders can connect with and understand our current services and our ambitions for continuing to uniquely serve the community of Glossop. All of our projects and activities remain interdependent and form a model that can flex, grow and respond to the needs, interests and opportunities within our community. The model responds to need as we review what works and integrate feedback, or as the funding landscape changes. Our work falls into the following areas:

During this financial year, following the transition of Glossop NHS services into the Derbyshire footprint, we have worked hard to build relationships with new commissioners and strategic partners, to ensure that vital information on the ground and patient experience and need has been considered at all times. We have lobbied to keep vital services in our community, such as funding for our car scheme and our social prescribing model which is different to those in Derbyshire, infrastructure funding for the local sector and for gaps in service provision on the ground that have been forgotten during the transition. We have also worked with our new partners to communicate the changes with the public, seek their thoughts and concerns and feed them back into the system to assist in making the changes as smooth as possible. Finally we have started to shape future provision through collaboration with the

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High Peak Health Place Alliance, work more closely under the ambitions of the new Integrated Care Board and continue to respond to and feed in information to our partners about local gaps and needs. Where services are not good enough, we act as a mouthpiece for local people, to be a catalyst for change and improvement. The Bureau works to connect health, social care and other public services to community initiatives, to support people towards wellness. Our priority is people, treating them as individuals, never assuming what is right for them and accepting them for who they are. We walk alongside people to offer a person-centred approach to improving wellbeing.

The varying support we offer is an interdependent web that wraps around an individual to support them with their needs and provide opportunity for them to give to others, often simultaneously, through voluntary activity. Unlike our statutory partners, our wide variety of community based social capital rich activities help to connect people and keep them connected for improved wellbeing and health.

Volunteering is at the heart of who we are and what we do resulting in a strong focus in this strategic period to enhance our volunteering offer through improved training for volunteers, wider opportunities and brokerage and a strong focus on making sure that their experience is as rewarding as it is for the people and communities they support. Volunteering is the thread that runs through every project, helping us to reach more people and bring in a wealth of skills and experience. We value each and every person that comes to us for support or to give their time. There is something for everyone, and we make roles to suit them rather than fitting them into roles we need. Because of this we have an incredibly diverse range of activities happening at The Bureau, where people can be valued for who they are and be allowed to shine.

What we do

The following is a summary of the main activities provided over the last year:

1. Social Connections:

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2. Social Sessions:

Our social sessions make up what we label as our ‘peer support’ offer which we have worked hard to develop into a tiered approach this financial year. Tier one activities are simply group connections, they add depth to the work we have done with people by offering them social activities that they can join to enrich their life and activities through friendships and new connections. Tier two activities are a new strand and combine connections, friendship and intervention. Our current activities support men with mild to moderate mental health struggles and we are working with partners to establish some funding to develop this further after a successful self-funded pilot. Below are our range of peer support social sessions on offer at the moment.

3. Volunteering:

Volunteering is at the heart of everything we do and has been a key part of the support we have offered our community during the pandemic. We offer a variety of volunteering roles from befriending, to driving, to reception and administration roles, including one-offs, 1-to-1 and group roles. Through ‘shout outs’ of one-off opportunities, we flexibly match people’s interests, time, skills, experience and enthusiasm to the needs of our clients. We currently have 315 active volunteers supporting our work – you can see in the section below some of the impact they have made on their local community, which has been inspiring and overwhelming.

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4. Supporting Community Wellbeing:

Following 5 years of delivering a strong offer as part of our local integrated care organisation to support our community and the individuals in it to increase their capacity to manage their own health and wellbeing, we have worked hard this year to convince our new commissioners in Derbyshire to maintain the same model. The evidence base we have been able to draw upon showing our ability to support and reduce demand on overstretched statutory services has ensured that we can continue to deliver this work into the future. Our offer will remain as follows as we move into the Derbyshire Health footprint and includes:-

5. Pre-employment support:

These services are for people who face additional issues or barriers in their lives, including housing, mental ill health, drug and alcohol problems, and low confidence and self-esteem, helping to enable them to reach their goals. This support is offered through three key projects:

6. Bureau Partnerships:

Our purpose is to create solutions and opportunities that enable people and communities to create positive social change and community benefit . We recognise that we can’t do this alone and to achieve this we need to work in partnership with other people and organisations that share our purpose. This year we have developed formal coworking partnerships with:

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with the GM partnership, we continue to host the Green Social Prescribing Lead on behalf of them and work with them on developments in social prescribing nationally in partnership with the local PCN.

What we’ve achieved

Through working collaboratively with statutory organisations, other voluntary sector organisations, grass roots groups, local businesses, volunteers, individuals and our community as a whole, we have this year supported up to 2000 individuals with the help of over 300 active volunteers.

Some stand out achievements from the last 12 months include:

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Post COVID-19, and into a Cost of Living Crisis

Impact on Volunteers, Staff, and Beneficiaries

This year has seen a full return to ‘normality’ from the COVID-19 pandemic restrictions, and the ability to consider what our ‘business as usual’ looks like. Despite the total easing of restrictions, it’s important to remember that the pandemic has created a long-lasting wellbeing impact on some of our most vulnerable clients and volunteers and this has been one the challenges of returning to normality. During this past year, we have received unwavering and tireless support from our wonderful volunteers including many new ones and they have helped us through the changing restrictions to deliver all the wonderful impacts outlined above.

However some new challenges have arisen in the form of a cost of living crisis. As the price of basic essentials continued to increase, we found that many of our clients were struggling to keep the heating on and feed their

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families, creating further stress and heartache to those who may have already been facing issues in their lives. We set up a ‘warm bank’ in our offices once a week, welcoming people in to have a brew with us and pick up any warm items of clothing they might need. We also made sure we knew all the offers of support available locally and nationally, and supported people to access these services.

Our staff team have been outstanding, showing flexibility and versatility in how they deliver their work in a way that best suits their clients. We have again retained our full staff team this year, with just a few staffing changes due to maternity leave or personal progression. We have been focusing on learning all about our new strategy, embedding this into our day-to-day work and ensuring that everyone is working together in the most efficient way possible.

Further Developments

As our staff team mature, learn together, and thrive, we are now in a position to consider where to take our projects next, and how we can build on the good work we have achieved over the last 40 or so years. We are always learning, and this year we have been able to dig further into what our community needs and how we can support them at a grass roots level. Our Community Development Lead has done some fantastic work with the Glossopdale SOUP project, which will eventually be floated off as it’s own committee and will further enable crowdfunding within the community which is empowered to choose what they spend their money on. The peer support offer has widened further, with skills activities such as cooking and forest schools groups enabling people to connect to others and support themselves

Financial Impact

The last financial year in the aftermath of COVID saw funding stream return to business as usual but there has been a unprecedented demand for funds and many we have applied to have been extremely competitive and unsuccessful for us. We have however secured some further long term funding for our Life Skills stream of work, secured investment in our social prescribing offer through Derbyshire Integrated Care Board and retained some cross working with Manchester Integrated Care Board. This will change again in the coming financial year so strategic work to re-align ourselves in our new geography is important. Despite these ongoing pressures, having started the year with a projected deficit we have worked hard through the year to manage our finances well. The coming year presents new opportunities and we will continue to show flexibility and embrace new work for the good of our community in line with the needs that are presented to us. The Board of Trustees consider that our charity remains a going concern.

We continue to take the following actions to mitigate financial risk and effectively plan:

Employees of The Bureau are entitled to join a defined contribution money purchase pension scheme. Two exemployees are members of a defined pension scheme. The Bureau is liable to ongoing additional contributions to this scheme due to scheme underfunding. An underfunding recovery plan has been instigated by the trustees of this scheme with this position reviewed every 3 years. The last review was completed on the 30/9/20. The liability for each organisation is recalculated at review date. The current forecasted end date of the recovery plan is January 2025.

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An ongoing financial risk remains here, dependent on the performance of the fund and the overall membership of the fund. Whilst there remains a deficit in the fund, our financial obligations will continue. For more information see note 27 in the accounts.

Financial review

Year Summary

The total income for the year was £742,673 with a total expenditure of £709,807 resulting in an reported operating surplus of £32,866. However, the restricted funds brought forward from 2022-23 were £62,005 and the restricted funds being carried forward to 2023-24 are £107,577. When these figures are taken into account the amended result is a deficit of £12,686.

Our main funders over the year were Tameside and Glossop Integrated Foundation Trust, Derbyshire County Council, Greater Manchester Health and Social Care Partnership, High Peak Borough Council, Tameside and Glossop CCG, The National Lottery and the European Social Fund.

Reserves Policy

Overall reserves at 31/3/2023 were £522,102, comprising £107,557 restricted funds and £414,545 unrestricted funds. See note 22 in the accounts for more information.

The Bureau will seek, where possible, to maintain a general funds reserve equivalent to its running costs for a period of no less than three months and no more than six months.

Plans for the Future

The coming years are likely to bring more challenges and opportunities for the Bureau, local people across Glossopdale and the VCSE sector. However, we are well placed to respond to these. Whilst we cannot predict what these challenges and opportunities will be, there are a range of factors that will influence us over the coming years including:

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Structure, Governance and Management

The Bureau is a charitable company limited by guarantee, incorporated on 24 October 1987 and registered as a charity on 6 January 1998.

The company was established under a memorandum of association which established the objects and powers of the charitable company, and is governed under its articles of association.

Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The total number of such guarantees at 31 March 2018 was 6. The Board of Trustees are members of the charity but this entitles them only to voting rights. The Board has no beneficial interest in the charity.

All Board members give their time voluntarily and receive no benefits from the charity.

Under the requirements of the Memorandum and Articles of Association, the members of the Board of Trustees retire in rotation over a three-year period after which they must be re-elected at the next Annual General Meeting. Trustees may make a recommendation at an Annual General Meeting or through an ordinary resolution to either fill a vacancy or appoint an additional Trustee in accordance with the Articles of Association. New Trustees receive an induction from the Chief Officer and the Chair.

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Risk Management

The Board of Trustees meets six times a year at which it reviews progress against budget and agreed plans, and considers and defines forward strategy. In particular, the Trustees consider appropriate action to mitigate risk as well as ensuring that planned activities contribute to The Bureau’s charitable objectives that have been set.

Statement of Responsibilities of the Board of Trustees

The Board of Trustees (who are also directors of The Bureau for the purposes of company law) are responsible for preparing the Board’s annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Board to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Management Committee are required to:

The Board is responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable it to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Board is responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Independent Examiner

Christy Lau of Slade & Cooper Ltd was re-appointed as the charitable company's Independent Examiner during the year and has expressed her willingness to continue in that capacity.

This report has been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime of the Companies Act 2006.

The Board’s annual report has been approved by the Board on 20[th] September 2023 and signed on its behalf by

Simon Rogers

Chair

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Independent examiner’s report to the trustees of Glossop and District Volunteer Bureau

I report to the charity trustees on my examination of the accounts of the company for the year ended 31[st] March 2023 which are set out on pages 15 to 38.

Responsibilities and basis of report

As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent

Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Christy Lau FCCA CTA DChA Association of Chartered Certified Accountants Slade & Cooper Limited Beehive Mill, Jersey Street Ancoats Manchester, M4 6JG

Date 24/10/2023

Glossop and District Volunteer Bureau (The Bureau)

Statement of Financial Activities

(including Income and Expenditure account)

for the year ended 31 March 2023

Unrestricted
funds
Note
£
Income from:
Donations and legacies
3
6,429
Charitable activities:
4
Core activities
5,000
Projects and other
6,938
5
31,540
Investments
6
6,321
Total income
56,228
Expenditure on:
Charitable activities:
7
Operating costs
68,914
Direct project costs
-
Total expenditure
68,914
9
(12,686)
Net movement in funds for the year
(12,686)
Reconciliation of funds
Total funds brought forward
427,231
Total funds carried forward
414,545
Other trading activities
Net income/(expenditure) for the
year		 Restricted
funds
£
1,501
62,977
621,967
-
-
686,445
174,099
466,794
640,893
45,552
45,552
62,005
107,557		 Total funds
2023
£
7,930
67,977
628,905
31,540
6,321
742,673
243,013
466,794
709,807
32,866
32,866
489,236
522,102		 Total funds
2022
£
8,112
101,787
455,384
34,699
733
600,715
203,061
457,618
660,679
(59,964)
(59,964)
549,200
489,236

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

A full comparative SOFA is available on the last page of the financial statements.

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Glossop and District Volunteer Bureau (The Bureau) Company number 3455027

Balance sheet as at 31 March 2023

Note
£
£
Fixed assets
Tangible assets
14
5,856
Total fixed assets
5,856
Current assets
Debtors
15
76,455
Cash at bank and in hand
16
523,023
Total current assets
599,478
Liabilities
Creditors: amounts falling
due in less than one year
17
(83,232)
Net current assets
516,246
Total assets less current liabilities
522,102
Net assets
522,102
The funds of the charity:
Restricted income funds
19
107,557
Unrestricted income funds
20
414,545
Total charity funds
522,102
2023		 £
£
8,238
8,238
22,021
609,986
632,007
(151,009)
480,998
489,236
489,236
62,005
427,231
489,236
2022		 £
£
8,238
8,238
22,021
609,986
632,007
(151,009)
480,998
489,236
489,236
62,005
427,231
489,236
2022
8,238
480,998
489,236
489,236
62,005
427,231
489,236

For the year in question, the company was entitled to exemption from an audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These accounts are prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company.

The notes on pages 18 to 38 form part of these accounts.

Approved by the trustees on 20/9/2023 and signed on their behalf by:

Wayne Prior (Treasurer)

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Glossop and District Volunteer Bureau (The Bureau)

Statement of Cash Flows for the year ending 31 March 2023

Note
2023
£
Cash provided by/(used in) operating activities
23
(90,679)
Cash flows from investing activities:
Dividends, interest, and rents from investments
6,321
Purchase of tangible fixed assets
(2,605)
Cash provided by/(used in) investing activities
3,716
(86,963)
Cash and cash equivalents at the beginning of the year
609,986
Cash and cash equivalents at the end of the year
523,023
Increase/(decrease) in cash and cash
equivalents in the year		 2022
£
118,184
733
(5,624)
(4,891)
113,293
496,693
609,986

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Glossop and District Volunteer Bureau (The Bureau)

Notes to the accounts for the year ended 31 March 2023

1 Accounting policies

The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

a Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), second edition - October 2019 (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006 and UK Generally Accepted Accounting Practice.

Glossop and District Volunteer Bureau (The Bureau) meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

b Preparation of the accounts on a going concern basis

The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern. The trustees have made no key judgments which have a significant effect on the accounts.

The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next reporting period.

c Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.

Income received in advance of a provision of a specified service is deferred until the criteria for income recognition are met.

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Glossop and District Volunteer Bureau (The Bureau)

Notes to the accounts for the year ended 31 March 2023 (continued)

d Donated services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised; refer to the trustees’ annual report for more information about their contribution.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

e Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

f Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of charity.

Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.

Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.

g Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

h Operating leases

Operating leases are leases in which the title to the assets, and the risks and rewards of ownership, remain with the lessor. Rental charges are charged on a straight line basis over the term of the lease.

i Tangible fixed assets

Individual fixed assets costing £500 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as follows:

Mini-bus 5 years Office equipment 3 years

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Glossop and District Volunteer Bureau (The Bureau)

Notes to the accounts for the year ended 31 March 2023 (continued)

j Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

k Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

l Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

m Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

n Pensions

Employees of the charity are entitled to join a defined contribution ‘money purchase’ scheme. The charity’s contribution is restricted to the contributions disclosed in note 10. There were no outstanding contributions at the year end (2022: £nil).

Two ex-employees are members of a defined benefit pension scheme with The Pensions Trust. Additional contributions to this scheme due to underfunding are included in pensions expenditure. Further details are given in note 24.

2 Legal status of the charity

The charity is a company limited by guarantee registered in England and Wales and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The registered office address is disclosed on page 1.

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Glossop and District Volunteer Bureau (The Bureau)

Notes to the accounts for the year ended 31 March 2023 (continued)

3 Income from donations and legacies

Donations
Total
Donations
Total
Previous reporting
period
Current reporting
period		 Unrestricted
£
6,429
6,429
Unrestricted
£
3,449
3,449		 Restricted
£
1,501
1,501
Restricted
£
4,663
4,663		 Total 2023
£
7,930
7,930
Total 2022
£
8,112
8,112

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Glossop and District Volunteer Bureau (The Bureau)

Notes to the accounts for the year ended 31 March 2023 (continued)

4 Income from charitable activities

Core activities
Derbyshire County Council
High Peak Borough Council
GMHSCP
Projects and other
Tameside & Glossop CCG
Car Scheme
Digital Support
Derbyshire County Council
Volunteering
Active Travel
Glossop SOUP
Contain Funding
European Social Fund
BBO
Futures
Police and Crime Commissioner
ICFT Grants
Move More Glossop
CYP Move More
High Peak Well Being Partnership
Streetgames
Summer Holiday Activity Fund
Christmas Holiday Activity Fund
Active Partner Trust
Glossop Youth Action Group
National Squash Centre
Erewash Voluntary Action
Salford CVS
Glossop Round Table
Royal Society for Public Health
Tintwistle Parish Council
Sessional Income
Total
Simmondley Medical Practice
The National Lottery -
Befriending
High Peak CVS
Glossopdale Community
Messengers project
Easter Holiday Activity Fund
Tameside & Glossop Integrated
Care NHS Foundation Trust
Current reporting
period
Action Together
Grant Awards
Life Skills
Self Help Services - Big Life
Group
High Peak School and Sports
Partnership
Connex Community Support
High Peak Borough Council
Councillor Initiatives		 Unrestricted
£
-
5,000
-
5,000
-
-
-
-
-
-
-
6,938
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
6,938
11,938		 Restricted
£
21,936
-
41,041
62,977
4,234
50,000
19,175
12,000
10,000
4,788
500
-
35,965
14,989
2,438
125,120
2,445
7,396
2,350
34,236
35,000
41,865
23,313
34,473
46,845
500
20,000
19,810
10,728
5,208
15,000
14,894
9,669
5,000
4,920
4,090
300
200
100
4,416
621,967
684,944		 Total 2023
£
21,936
5,000
41,041
67,977
4,234
50,000
19,175
12,000
10,000
4,788
500
6,938
35,965
14,989
2,438
125,120
2,445
7,396
2,350
34,236
35,000
41,865
23,313
34,473
46,845
500
20,000
19,810
10,728
5,208
15,000
14,894
9,669
5,000
4,920
4,090
300
200
100
4,416
628,905
696,882

22

Glossop and District Volunteer Bureau (The Bureau)

Notes to the accounts for the year ended 31 March 2023 (continued)

4 Income from charitable activities (cont.)

Core activities
Derbyshire County Council
High Peak Borough Council
GMHSCP
Projects and other
Tameside & Glossop CCG
Car Scheme
Peer Support
Derbyshire County Council
Volunteering
Christmas Holiday Activity Fund
Easter Holiday Activity Fund
English Sports Council
Youth Matters
European Social Fund
BBO
Futures
Police and Crime Commissioner
ICFT Grants
NHS Manchester CCG
Connex Community Support
Peter Sowerby
High Peak CVS
Social Connectedness
COVID-19 - Volunteer Expenses
Move More
Total
Glossopdale Community
Messengers project
Active Travel
Tameside & Glossop Integrated
Care NHS Foundation Trust
High Peak Borough Council
Previous reporting
period
GM Moving
Action together
Simmondley Medical Practice
The National Lottery -
Befriending
Elemental
Bureau Befriending
NAVCA
British Cycling Federation
Alpkit Foundation		 Unrestricted
£
-
5,000
-
5,000
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
3,000
-
-
-
-
-
-
-
1,500
-
-
4,500
9,500		 Restricted
£
21,936
-
74,851
96,787
16,000
20,000
19,175
6,859
17,754
6,396
8,192
4,489
2,500
29,937
19,418
24,990
124,735
24,329
2,000
500
23,169
32,129
-
34,473
22,356
2,489
6,887
1,334
246
200
-
77
250
450,884
547,671		 Total 2022
£
21,936
5,000
74,851
101,787
-
16,000
20,000
-
19,175
6,859
17,754
6,396
8,192
4,489
2,500
29,937
19,418
24,990
124,735
24,329
2,000
500
23,169
32,129
3,000
34,473
22,356
2,489
6,887
1,334
246
200
1,500
77
250
455,384
557,171

23

Glossop and District Volunteer Bureau (The Bureau)

Notes to the accounts for the year ended 31 March 2023 (continued)

5 Income from other trading activities

Income from other trading activities
Room hire & other income 2023
£
31,540
31,540		 2022
£
34,699
34,699

All income from other trading activities is unrestricted.

6 Investment income

Investment income
Income from bank deposits 2023
£
6,321
6,321		 2022
£
733
733

All investment income is unrestricted.

24

Glossop and District Volunteer Bureau (The Bureau)

Notes to the accounts for the year ended 31 March 2023 (continued)

7 Analysis of expenditure on charitable activities

Staff costs
Project costs
Running costs
Depreciation
Staff costs
Project costs
Running costs
Depreciation
Restricted expenditure
Unrestricted expenditure
Previous reporting
period
Current reporting
period
Governance costs
(see note 8)
Governance costs
(see note 8)		 Operating
costs
£
165,833
-
67,789
4,987
4,404
243,013
Operating
costs
£
128,146
-
64,173
6,658
4,084
203,061		 Direct project
costs
£
387,333
79,461
-
-
-
466,794
Direct project
costs
£
371,912
85,706
-
-
-
457,618
2023
£
640,893
68,914
709,807		 Total 2023
£
553,166
79,461
67,789
4,987
4,404
709,807
Total 2022
£
500,058
85,706
64,173
6,658
4,084
660,679
2022
£
611,680
48,999
660,679

25

Glossop and District Volunteer Bureau (The Bureau)

Notes to the accounts for the year ended 31 March 2023 (continued)

8 Analysis of governance and support costs

Basis of
apportionment
Independent examination
Governance
Legal and professional
Governance
Basis of
apportionment
Independent examination
Governance
Legal and professional
Governance
Net income/(expenditure) for the year
This is stated after charging/(crediting):
Depreciation
Loss or profit on disposal of fixed assets
Operating lease rentals:
Property
Other
Current reporting
period
Previous reporting
period
Independent examiner's fee		 Governance
£
1,500
2,904
4,404
Governance
£
1,500
2,584
4,084
2023
£
4,987
24,000
-
1,250		 Total 2023
£
1,500
2,904
4,404
Total 2022
£
1,500
2,584
4,084
2022
£
6,658
-
24,000
1,005
1,250

26

Glossop and District Volunteer Bureau (The Bureau)

Notes to the accounts for the year ended 31 March 2023 (continued)

10 Staff costs

Staff costs during the year were as follows:

ff costs during the year were as follows:
Wages and salaries
Social security costs
Pension costs
Recruitment, training and other staff costs		 2023
£
499,140
35,569
18,135
322
553,166		 2022
£
444,453
28,901
16,106
10,598
500,058

No employees has employee benefits in excess of £60,000 (2022: Nil).

The average number of staff employed during the period was 27 (2022: 24).

The average full time equivalent number of staff employed during the period was 19 (2022: 17).

The key management personnel of the charity comprise the trustees and the Chief Officer. The total employee benefits of the key management personnel of the charity were £47,539 (2022: £63,419).

11 Trustee remuneration and expenses, and related party transactions

Neither the management committee nor any persons connected with them received any remuneration or reimbursed expenses during the year (2022: Nil).

No members of the management committee received travel and subsistence expenses during the year (2022:£nil).

Aggregate donations from related parties were £nil (2022: £nil).

There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.

No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity, including guarantees, during the year (2022: nil).

27

Glossop and District Volunteer Bureau (The Bureau)

Notes to the accounts for the year ended 31 March 2023 (continued)

12 Government grants

The government grants recognised in the accounts were as follows:

Derbyshire County Council
High Peak Borough Council
Tameside & Glossop CCG
Tameside & Glossop Integrated Care NHS
Manchester CCG
Police and Crime Commissioner		 2023
£
75,337
76,586
54,234
125,120
2,438
41,041
374,756		 2022
£
80,312
37,129
36,000
149,064
24,990
76,851
404,346

The unfulfilled conditions and contingencies attaching to the grants were to complete restricted projects (see note 19).

13 Corporation tax

The charity is exempt from tax on income and gains falling within Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.

28

Glossop and District Volunteer Bureau (The Bureau)

Notes to the accounts for the year ended 31 March 2023 (continued)

14 Fixed assets: tangible assets

Cost
Additions
Disposals
Depreciation
Charge for the year
Disposals
Net book value
15
Debtors
Grants receivable
Other debtors
Prepayments and accrued income
At 31 March 2023
At 31 March 2023
At 31 March 2023
At 1 April 2022
At 31 March 2022
At 1 April 2022		 £
33,504
2,605
-
36,109
25,266
4,987
-
30,253
5,856
8,238
2023
£
61,387
2,151
12,917
76,455
Office
equipment		 £
33,504
2,605
-
Total
36,109
25,266
4,987
-
30,253
5,856
8,238
2022
£
-
4,546
17,475
22,021

29

Glossop and District Volunteer Bureau (The Bureau)

Notes to the accounts for the year ended 31 March 2023 (continued)

16 Cash at bank and in hand

16
Cash at bank and in hand
2023
£
Short term deposits
407,450
Cash at bank and on hand
115,573
523,023
17
Creditors: amounts falling due within one year
2023
£
Short term compensated absences (holiday pay)
6,598
Other creditors and accruals
16,989
Deferred income
59,645
83,232
18
Deferred income
2023
£
Deferred grant brought forward
117,028
Grant received
59,645
Released to income from charitable activities
(117,028)
Deferred grant carried forward
59,645		 2022
£
451,129
158,857
609,986
2022
£
10,832
23,149
117,028
151,009
2022
£
26,887
117,028
(26,887)
117,028

30

Glossop and District Volunteer Bureau (The Bureau)

Notes to the accounts for the year ended 31 March 2023 (continued)

19 Analysis of movements in restricted funds

Core activities
GMHSCP
DCC Time Out
Projects
ESF BBO
Life Skills
ICFT
Car Scheme
DCC Active Travel
Total
Befriending support
CCG Digital Support
GM Moving
Social Fund Spot
Purchase
Royal Society for
Public Health
Councillor Iniative
CYP Move More
Derbyshire County
Council
Volunteering
Current reporting
period
DCC Glossopdale
Community
Messengers project
Simmondley
Medical Practice
Alpkit
Thursday Friends
Peer Support
Place Based
Activities		 Balance at
1 April
2022
£
-
993
993
-
-
-
5,967
-
-
-
17,754
3,500
6,942
-
11,260
12,950
203
1,843
593
-
-
-
61,012
62,005		 Income
£
41,041
22,211
63,252
35,965
58,330
166,985
46,845
16,234
19,175
7,396
10,000
50,000
92,059
34,473
20,809
1,808
-
1,118
230
200
1,500
60,066
623,193
686,445		 Expenditure
£
(41,041)
(22,929)
(63,970)
(35,965)
(58,330)
(137,929)
(44,812)
(16,234)
(19,175)
(7,396)
(27,754)
(53,500)
(63,529)
(34,473)
(32,069)
(12,444)
(203)
(2,083)
(341)
(200)
(700)
(29,786)
(576,923)
(640,893)		 Transfers
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Balance at
31 March
2023
£
-
275
275
-
-
29,056
8,000
-
-
-
-
-
35,472
-
-
2,314
-
878
482
-
800
30,280
107,282
107,557

31

Glossop and District Volunteer Bureau (The Bureau)

Notes to the accounts for the year ended 31 March 2023 (continued)

19 Analysis of movements in restricted funds (cont.)

Core activities
Projects
ESF BBO
Life Skills
ICFT
Car Scheme
DCC Active Travel
Alpkit
Total
Previous reporting
period
GMHSCP
GM Moving
Derbyshire
County Council
Volunteering
National Lottery -
Awards For All
DCC Youth Action
CCG Digital
Support
Place Based
Activities
Thursday Friends
Befriending
Action Together
Peer Support
Elemental
Social Fund Spot
Purchase
High Peak CVS
Social
Connectedness
HP Alliance
DCC Glossopdale
Community
Messengers
project
Simmondley
Medical Practice
DCC Time Out		 Balance at
1 April
2021
-
-
321
-
-
24,329
6,887
9,778
-
-
-
-
9,938
9,700
49,903
10,495
-
-
-
-
-
-
-
-
121,351
121,351
 Income
74,851
74,851
-
29,937
44,408
126,735
29,243
-
16,500
19,175
6,859
22,929
17,754
-
53,983
34,473
1,580
43,169
24,847
2,489
250
2,371
781
477,483
552,334		 Expenditure
(74,851)
(74,851)
(321)
(29,937)
(44,408)
(151,064)
(30,163)
(9,778)
(16,500)
(19,175)
(6,859)
(21,936)
(9,938)
(9,700)
(46,403)
(57,536)
(34,473)
(1,580)
(31,909)
(11,897)
(2,489)
(47)
(528)
(188)
(536,829)
(611,680)		 Transfers
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Balance at
31 March
2022
-
-
-
-
-
-
5,967
-
-
-
-
993
17,754
-
3,500
6,942
-
-
11,260
12,950
-
203
1,843
593
62,005
62,005

32

Glossop and District Volunteer Bureau (The Bureau)

Notes to the accounts for the year ended 31 March 2023 (continued)

19 Analysis of movements in restricted funds (cont.)

Name of fund Description, nature and purposes of the fund
GMHCP Funding from the Person Centred and Community Approaches Team at
the Greater Manchester Health and Social Care Partnership to provide
support to Social Prescribing schemes across Greater Manchester.
ICFT Funding from Tameside and Glossop Integrated Care Foundation Trust to
support the community and individuals in it to increase their capacity to
manage their own health and wellbeing whilst reducing the demand on
overstretched statutory services
T&G CCG Digital Funding to work with primary care to develop a volunteer support model
Support to promote and enable the use of digital self-care initiatives for patients
DCC - Volunteering Infrastructure Grant award for the development of opportunities for
volunteering in the community.
DCC - Active Travel Funding for volunteer car scheme to support vulnerable people to attend
medical appointments
Glossopdale Fund
to
provide
community
stakeholders
in
Glossopdale
with
the
Community information on all aspects of COVID-19 and feedback community insight
Messengers Project and intelligence to the Public Health team
Call Companions Fund to support volunteers to provide a weekly befriending phone call to
the most lonely and socially isolated people within our community
ESF - BBO Funding from the European Social Fund, administered via Groundwork
Nottingham, to provide a Work Coach pre employment support service
covering Glossop and New Mills.
Life Skills A programme which provides group work, 1-2-1, and mentorship support
to move people towards meaningful activity
Befriending Support Funding to coordinate a band of volunteers who visit and befriend socially
isolated and lonely members of the community
GM Moving Funding for a development worker to promote, develop and support
initiatives that help people to be become more physically active.
Also
funding to deliver projects within the community to encourage people to
be more active
Simmondley Medical Funding from Glossopdale PCN for a social prescribing link worker to
Practice - Primary support patients in Glossopdale to access community initiatives
Care Network
HPBC Councillor Grants are available from the Councillors' Initiative Fund for residents,
Initiative Fund local groups and businesses to encourage beneficial community activity.
CYP Move More Funding specifically for children and young people to develop and support
initiatives that help them become more physically active
Car Scheme This
scheme
coordinates
volunteer
drivers
to
transport
elderly
and
vulnerable clients who have no other means of transport to medical
appointments
DCC Time Out A social support group that provides the opportunity for help with weekly
shooping and other essentials
Place Based Activity groups including coffee mornings, gardenening club and cookery
Activities/Peer classes for clients that needs to build confidence, self-esteem and are
Support socially isolated.
Thursday Friends Weekly volunteer-led social connection for those living with dementia and
their carers

33

Glossop and District Volunteer Bureau (The Bureau)

Notes to the accounts for the year ended 31 March 2023 (continued)

20 Analysis of movement in unrestricted funds

Bureau befriending
Previous reporting
period
General fund
Current reporting
period
Redundancy
General fund
Redundancy		 Balance
at 1 April
2022
£
391,501
35,730
427,231
Balance
at 1 April
2021
£
359,520
26,375
41,954
427,849
 Income
£
52,539
3,689
56,228
Income
£
39,026
9,355
-
48,381		 Expenditure
£
(68,914)
-
(68,914)
Expenditure
£
(7,045)
-
(41,954)
(48,999)		 Transfers
£
-
-
-
Transfers
£
-
-
-
-		 As at 31
March 2023
£
375,126
39,419
414,545
As at 31
March
2022
£
391,501
35,730
-
427,231

Name of fund

Description, nature and purposes of the fund

General fund The free reserves after allowing for all designated funds Redundancy In the event that the charity is wound up and staff made redundant, funds have been designated to cover the cost of redundancy based on the maximum that could be incurred in the 2020/21 financial year based on age, length of service and weekly pay of all eligible staff Bureau befriending Befriending project

34

Glossop and District Volunteer Bureau (The Bureau)

Notes to the accounts for the year ended 31 March 2023 (continued)

21 Analysis of net assets between funds

Tangible fixed assets
Net current assets/(liabilities)
Total
Tangible fixed assets
Net current assets/(liabilities)
Total
Previous reporting
period
Current reporting
period		 General
fund
£
5,856
369,270
375,126
General
fund
£
8,238
383,263
391,501		 Designated
funds
£
-
39,419
39,419
Designated
funds
£
-
35,730
35,730		 Restricted
funds
£
-
107,557
107,557
Restricted
funds
£
-
62,005
62,005		 Total
£
5,856
516,246
522,102
Total
£
8,238
480,998
489,236

22 Operating lease commitments

The charity's total future minimum lease payments under non-cancellable operating leases is as follows for each of the following periods:

Less than one year
One to five years		 2023
2022
£
£
24,000
24,000
48,000
72,000
72,000
96,000
Property		 2023
2022
£
£
24,000
24,000
48,000
72,000
72,000
96,000
Property
96,000

23 Reconciliation of net movement in funds to net cash flow from operating activities

Net income/(expenditure) for the year
Adjustments for:
Depreciation charge
Dividends, interest and rents from investments
Decrease/(increase) in debtors
Increase/(decrease) in creditors
Net cash provided by/(used in) operating		 2023
£
32,866
4,987
(6,321)
(54,434)
(67,777)
(90,679)		 2022
£
(59,964)
6,658
(733)
84,992
87,231
118,184

35

Glossop and District Volunteer Bureau (The Bureau)

Notes to the accounts for the year ended 31 March 2023 (continued)

24 Pension scheme and Contingent liability

SCHEME: TPT Retirement Solutions – The Growth Plan

The company participates in the scheme, a multi-employer scheme which provides benefits to some 638 non-associates participating employees. The scheme is a defined benefit scheme in the UK. It is not possible for the company to obtain sufficient infomation to enable it to account for the scheme as a defined benfit scheme. Therefore it accounts for the scheme as a defined contribution scheme.

The scheme is subject to the funding legislation outlined in the Pensions Act 2004 which came into force on 30 December 2005. This, together with documents issued by the Pension Regulator and Technical Actuarial Standards issued by the Financial Reporting Council, set out the framework for funding defined benefit occupational pension scheme in the UK.

The scheme is classified as a "last-man standing arrangement". Therefore the company is potentially liable for other participating employers' obligations if those employers are unable to meet their share of the scheme deficit following withdrawal from the scheme. Participating employers are legally required to meet their share of the scheme deficit on an annuity purchase basis on withdrawal from the scheme.

A full actuarial valuation for the scheme was carried out at 30 September 2020. This valuation showed assets of £800.3m, liabilities of £831.9m and a deficit of £31.6m. To eliminate this funding shortfall, the Trustee has asked the participating eomployers to pay additional contributions to the scheme as follows:

Deficit contributions

From 1 April 2022 to 31 January £3,312,000 per annum (payable monthly) 2025

Unless a concession has been agreed with the Trustee the term to 31 January 2025 applies. Note that the scheme's previous valuation was carried out with an effective date of 30 September 2017. This valuation showed assets of £794.9m, liabilities of £926.4m and a deficit of £131.5m. To eliminate this funding shortfall the Trustee asked the participating employers to pay additional contributions as follows:

From 1 April 2019 to 30 £11,243.00 per annum (payable monthly and September 2025 increasing by 3% each on 1st April)

The recovery plan contributions are allocated to each participating employer in line with their estimated share of the Series 1 and Series 2 liabilities.

Where the scheme is in deficit and where the company has agreed to a deficit funding arrangement the company recognises a liability for this obligation. The amount recogmised is the net present value of the deficit reduction contributions payable under the agreement that relates to the deficit. The present value is calculated using the discount rate detailed in these disclosures. The unwinding of the discount rate is recognised as a finance cost.

36

Glossop and District Volunteer Bureau (The Bureau)

Notes to the accounts for the year ended 31 March 2023 (continued)

24 Pension scheme and Contingent liability (cont.)

Present value of provision
31-Mar-23 31-Mar-22 31-Mar-21
(£s) (£s) (£s)
Present value of provision 595 934 5,364
Reconciliation of opening and closing provisions
Period ending Period ending
31-Mar-23 31-Mar-22
(£s) (£s)
Provision at start of period 934 5,364
Unwinding the discount factor (interest expense) 17 31
Deficit contribution paid (340) (1,357)
Remeasurements - impact of any change in assumptions (16) (21)
Remeasurements - amendments to the contribution schedule - (3,083)
Provision at end of period 595 934
Income and expenditure impact
Period ending Period ending
31-Mar-23 31-Mar-22
(£s) (£s)
Interest expense 17 31
Remeasurements - impact of any change in assumptions (16) (21)
Remeasurements - amendments to the contribution schedule - (3,083)
Contributions paid in respect of future service * - -
Costs recognised in income and expenditure account 774 1,353

*includes defined contribution schemes and future service contributions (i.e. excluding any deficit reduction payments) to defined benefit schemes which are treated as defined contribution schemes. To be completed by the company.

Assumptions 31-Mar-22 31-Mar-21 31-Mar-20
(£s) (£s) (£s)
Rate of discount 5.52 2.35 0.66

The discount rates shown above are the equivalent single discount rates which, when used to discount the future recovery plan contributions due, would give the same results as using a full AA corporate bond yield curve to discount the same recovery plan contributions.

37

Glossop and District Volunteer Bureau (The Bureau)

Statement of Financial Activities

(including Income and Expenditure account) for the year ended 31 March 2022

Unrestricted
funds
Note
£
Income from:
Donations and legacies
3
3,449
Charitable activities:
4
Core activities
5,000
Projects and other
4,500
5
34,699
Investments
6
733
Total income
48,381
Expenditure on:
Charitable activities:
7
Operating costs
48,999
Direct project costs
-
Total expenditure
48,999
9
(618)
Net movement in funds for the year
(618)
Reconciliation of funds
Total funds brought forward
427,849
Total funds carried forward
427,231
Net income/(expenditure) for the
year
Other trading activities		 Restricted
funds
£
4,663
96,787
450,884
-
-
552,334
154,062
457,618
611,680
(59,346)
(59,346)
121,351
62,005		 Total funds
2022
£
8,112
101,787
455,384
34,699
733
600,715
203,061
457,618
660,679
(59,964)
(59,964)
549,200
489,236		 Total funds
2021
£
50,973
82,936
615,610
43,828
251
793,598
222,117
323,918
546,035
247,563
247,563
301,637
549,200

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

38