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2024-03-31-accounts

Glossop and District Volunteer Bureau operating as

The Bureau

Report and Financial Statements for the Year Ended 31 March 2024

Company number 3455027 Charity number 1067170

Volunteering

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:

Simon Rogers (Chair) Wayne Prior (Treasurer) Sue Nash (Resigned January 2024) Andy Zuntz (Resigned March 2024) Elaine Richardson (Resigned June 2023) Peter Carefoot (Resigned July 2023) Danny McLoughlin Lynda Shentall (Resigned January 2024) Adrian Stokes Jean Shanks (Resigned October 2023) Bernadette Connor (Resigned April 2024) Sophie Glinka (Appointed January 2024) Clare Plant (Appointed January 2024) Anne Talbot (Appointed February 2024) Victoria Wellings (Appointed February 2024)

Staff

Natalie Rhodes Chief Officer Karen Gard Finance and Compliance Officer Ruth Towner-Yates Community Health and Wellbeing Manager Graham Morgan Service Development and Programme Manager Lauren Moore Operations Manager Rebecca Hyde Finance Officer Frances Joddrell Life Skills Lead 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 Lisa Newens Community Navigator

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Rebecca Knowles Community Navigator Bev Maycock Community Navigation Triage Paul Kiddy Sight Loss and Call Companions Coordinator Jan 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 Work Coach Jennifer Elliott Pre-Employment Administrator Simon Hughes Cleaner

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

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Chair’s Review

It is both a privilege and a pleasure to be able to communicate the many achievements of The Bureau over the past twelve months. As a charity we face significant challenges, but we have come through the past 12 months with much to be proud of. You will see elsewhere in this report what The Bureau has been working on this year. Here are a few of the notable successes I would like to mention.

Firstly, for any organisation to be successful it has to be well led. We have a skilled and experienced senior team who have performed with great success over the year. In addition, during the year we have appointed a new group of trustees who are bringing a depth of experience and knowledge to the board. I can say with confidence that the governance and management of The Bureau are strong, cohesive, and are well placed to see the organisation through the coming challenges. Thank you to the Board and senior team for your hard work and support over this past year.

Our staff team have once again gone above and beyond our expectations. Good staff retention and high levels of satisfaction with The Bureau as a place to work are the cornerstone of our success. As a result, we have been able to at least meet, and in many cases exceed our project targets. On behalf of the Board, I would like to thank all our staff for their hard work and commitment.

Much of what we do is hugely reliant on our team of over 200 volunteers. They are crucial to our success and it is they who are in so many ways the face of The Bureau. So, on behalf of the staff and the Board, a huge thank you for what you do for the people of Glossop.

We have almost achieved a financial break-even position, despite several ‘one off’ costs. In addition, we have maintained strong financial reserves which will help us deal with the inevitable ebbs and flows of income all charities must deal with.

The potential implications of the changes to local NHS organisational arrangements had been a cause for concern, but we have established effective working relationships with our new partners. We have also cemented more collaborative working across the High Peak, something we are committed to enhancing in the year ahead.

Partnerships are key to our effectiveness. We can point to the continued development of successful projects and services in partnership with a wide range of statutory and non-statutory organisations in Glossop and across the High Peak.

We have also continued our work in Gamesley and Whitfield, in particular supporting young and vulnerable people. We are committed to enhancing our service offer in these areas.

In addition, our long running services such as befriending, the car scheme, Life Skills, Move More and Digital Health have continued to help meet the needs of our local community.

The future for The Bureau is bright, but we know we face significant financial and service challenges in the year ahead. Continued pressure on public finances and growth in demand will continue to be a challenge. However, we are confident we can meet those challenges, to adapt to new circumstances and environments by working in collaboration with our partners across Glossopdale.

Finally, I would like to thank all our partners without whom we could not provide the services we do for the people of Glossop. Our clients deserve nothing but the best from us all.

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 focused on our stated purposes, and directed towards public benefit. The Board has referred to the literature 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 key strategic aims key aims are:

These strategy strands help us to organise and focus our projects, work to our purpose and articulate clearly what we do and how we do it. This aids fundraising and aligning with the purpose and values of relevant Trusts and Foundations and also helps us connect with a range of stakeholders about our work and ambitions in continuing to uniquely serve the community of Glossopdale. Our projects and activities work interdependently 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 it arises, the funding landscape and the priorities of key statutory and third sector partners. Our work falls into the following areas:

During this financial year, we have continued to maintain and strengthen relationships in the Derbyshire Health footprint. We are a critical partner in the High Peak Health Place Alliance, the Health and Wellbeing partnership, the Health VCSE Alliance and we sit on the workforce development group for Derby and Derbyshire Integrated Care Board. We make it our business to ensure that the voice of lived experience is heard and taken into account at all levels. We are also working to connect community volunteering with our local Health offer. We continue to lobby for vital services in Glossop. In particular, this year we have been

working hard to challenge cuts to mental health provision in the area, and monitor and inform on changes as we see them happen on the ground. Much of this is as a result of Tameside still delivering our services but confusion over responsibilities. 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 sure Glossop is not overlooked.

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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. This year, we have taken various approaches to recruitment, training, retention and allocation of volunteers via our own projects and brokerage. This has included capitalising on corporate volunteering opportunities and supporting various place based initiatives across the area (e.g. Gamelsey youth groups at the community centre). We currently sit on the workforce analysis sub-group with Derby and Derbyshire Integrated Care Board and are looking at options to support health initiatives and greater preventative care in communities via volunteering solutions. This has the potential of opening wider training and experience opportunities for volunteers in health.

Our Activities and Achievements

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

1. Social Connections:

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. Below is our range of peer support social sessions on offer at the moment.

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Some reported outcomes at these groups have been a decrease in social isolation, increase in confidence, increase in knowledge and even some going on to gain employment as a result of the skills learned at these groups

3. Volunteering:

Volunteering is at the heart of everything we do and 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

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our clients. We currently have around 272 registered volunteers and this year we were supported by 200 active volunteers, giving over 15,600 hours of volunteering time which, if applied to the Living Wage, is over £187,000 in wages!

We also work alongside lots of other organisations to support them with their volunteering requirements. This involves advertising for them on our website and newsletters, and also signposting volunteers with specific interests to the right places. This year, these included:

4. Supporting Community Wellbeing:

Following 5 years of delivering a strong Social Prescribing and Community Development offer, 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:-

This year 263 referrals were received, although a total of 356 new cases were processed over the year. 109 referrals were from Primary Care and a further 154 from elsewhere – including self-referrals, community teams, Adult Social Care, the Job Centre, probation etc. The top reasons for referral were mental health, disconnection from the community, isolation, problems coping, and loneliness.

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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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partnerships with the local authority, health and public health to inform, shape and influence provision for our local communities.

Economic environment/Cost of living crisis

Impact on Volunteers, Staff, and Beneficiaries

Strained finances continue to be a problem for our beneficiaries and is one of the top five referral reasons to our Social Prescribing Service. This is also reflected in higher number of referrals for mental and emotional wellbeing problems and demand on local food banks. Rates of volunteering are still stunted following COVID and whilst we have good volunteering numbers, we have had to work hard to encourage this. A positive solution has been to encourage place based volunteering where people can engage in offering their time to support activities in their local neighbourhoods within Glossopdale.

Our staffing has remained stable and we have worked hard to match wages with NJC scales to ensure staff are being paid as fairly as possible. This has led to a need to enhance the organisations fundraising and has been difficult given that statutory funding has remained stagnant, grant pots are more competitive and funding is harder to come by as a result of the current economic climate.

Further Developments

This year we have continued to observe the presenting needs in our community. Something that we have been on the periphery of for some time, is support for children and young people. During this time we have been developing our Life Skills programme as we observe the support required from children falling into the NEET category (not engaged in education, employment or training). We have supported young people from 15+ through our preemployment offer and as we have learned about the barriers these young people experience, we have readied ourselves to expand our input further as we move forward into the new financial year.

Financial Impact

This year we have finished the year with a deficit. Whilst a small proportion of that is related to self-funding some of our own work, the majority relates to spends on building maintenance and investment in a sister charity to support digital divide activities for some of the most vulnerable members of our community. This year has been an opportunity to take stock of Charity fundraising during economic crisis and review what and how we need to progress to ensure we take the opportunity to utilise our reserves to support some important work in Glossopdale. We remain in a strong financial position moving into the 24/25 financial year and are reviewing our key strategic priorities and fundraising strategy to adapt to the current environment.

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

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Financial review

Year Summary

The total income for the year was £797,349 with a total expenditure of £849,335 resulting in an reported operating deficit of £51,986. However, the restricted funds brought forward from 2022-23 were £107,557 and the restricted funds being carried forward to 2024-25 are £98,191. When these figures are taken into account along with adjustments for a couple of one-off costs the amended result is a small deficit of £9,109. This is more or less a breakeven position which is what we should be aiming for every year.

Our main funders over the year were NHS Derby and Derbyshire ICB, Derbyshire County Council, Greater Manchester Health and Social Care Partnership, High Peak Borough Council, NHS Greater Manchester ICB, The National Lottery and the European Social Fund.

Reserves Policy

Overall reserves at 31/3/2024 were £470,116 comprising £98,191 restricted funds and £371,925 unrestricted funds.

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 cost of living crisis, rising costs and heightened competition for funding at the same time as impending cuts from Derbyshire County Council make the next financial year very challenging. Demand for our services remain high and the needs presenting have become more complex and require more capacity. Given the economic climate and the challenges this presents for the third sector we will focus on the following things moving forward to future proof our organisation and to continue to meet the needs of our community:-

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(one is actually in the top 2%). Three further areas are in the top 20%. In contrast, three Glossopdale areas are in the top 10% least deprived, and part of Simmondley is the least deprived in Derbyshire. This is mirrored in life expectancy where it is 9.3 years lower for men and 7.7 years lower for women in some areas compared to more affluent ones. Whilst growing in many respects, Glossopdale has an ageing population and projections show a much larger ageing population with a deficit in numbers entering working age. In the coming year we will be working to protect as far as we can the infrastructure needed locally to provide services that reach those marginalised from services due to poverty and the health inequalities associated with their circumstances.

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 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.

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.

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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

18/09/2024 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 2024 which are set out on pages 14 to 37.

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

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Glossop and District Volunteer Bureau (The Bureau)

Statement of Financial Activities

(including Income and Expenditure account) for the year ended 31 March 2024

Unrestricted
funds
Note
£
Income from:
Donations and legacies
3
42,788
Charitable activities:
4
Core activities
5,000
Projects and other
-
5
44,780
Investments
6
11,608
Total income
104,176
Expenditure on:
Charitable activities:
7
Operating costs
146,796
Direct project costs
-
Total expenditure
146,796
9
(42,620)
Transfer between funds
-
Net movement in funds for the year
(42,620)
Reconciliation of funds
Total funds brought forward
414,545
Total funds carried forward
371,925
Other trading activities
Net income/(expenditure) for the
year		 Restricted
funds
£
2,182
49,018
641,973
-
-
693,173
114,055
588,484
702,539
(9,366)
-
(9,366)
107,557
98,191		 Total funds
2024
£
44,970
54,018
641,973
44,780
11,608
797,349
260,851
588,484
849,335
(51,986)
-
(51,986)
522,102
470,116		 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

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 2024

Note 2024 2023
£ £ £ £
Fixed assets
Tangible assets
14		 2,629 5,856
Total fixed assets
Current assets
Debtors
15
Cash at bank and in hand
16		 55,325
467,582		 2,629 76,455
523,023		 5,856
Total current assets
Liabilities
Creditors: amounts falling
due in less than one year
17		 522,907
(55,420)		 599,478
(83,232)
Net current assets 467,487 516,246
Total assets less current liabilities 470,116 522,102
Net assets 470,116 522,102
The funds of the charity:
Restricted income funds
19
Unrestricted income funds
20		 98,191
371,925		 107,557
414,545
Total charity funds 470,116 522,102

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 17 to 37 form part of these accounts.

Approved by the trustees on 18/09/2024 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 2024

Note
Cash provided by/(used in) operating activities
23
Cash flows from investing activities:
Dividends, interest, and rents from investments
Purchase of tangible fixed assets
Cash provided by/(used in) investing activities
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Increase/(decrease) in cash and cash
equivalents in the year		 2024
£
(64,408)
11,608
(2,641)
8,967
(55,441)
523,023
467,582		 2023
£
(90,679)
6,321
(2,605)
3,716
(86,963)
609,986
523,023

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Glossop and District Volunteer Bureau (The Bureau)

Notes to the accounts for the year ended 31 March 2024

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 2024 (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 2024 (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 £61 outstanding contributions at the year end (2023: £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 2024 (continued)

3 Income from donations and legacies

Donations
Total
Donations
Total
Previous reporting
period
Current reporting
period		 Unrestricted
£
42,788
42,788
Unrestricted
£
6,429
6,429		 Restricted
£
2,182
2,182
Restricted
£
1,501
1,501		 Total 2024
£
44,970
44,970
Total 2023
£
7,930
7,930

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Glossop and District Volunteer Bureau (The Bureau)

Notes to the accounts for the year ended 31 March 2024 (continued)

4 Income from charitable activities

Core activities
Derbyshire County Council
High Peak Borough Council
GMHSCP
Projects and other
Derbyshire County Council
Volunteering
Active Travel
Derbyshire MIND
European Social Fund
BBO
Police and Crime Commissioner
ICFT Grants
Move More Glossop
Anti Social Behaviour Fund
Climate Fund
PHP
Streetgames
Spring Holiday Activity Fund
Summer Holiday Activity Fund
Christmas Holiday Activity Fund
Round the Resers
Glossopdale Food Bank
Sport England
UKSPF
Sessional Income
Other Income
Total
High Peak Borough Council
Councillor Initiatives
Connex Community Support
NHS Derby and Derbyshire ICB
Community Navigation
Simmondley Medical Practice
The National Lottery
High Peak CVS
Glossopdale Community
Messengers project
Community Leadership Fund
NHS Greater Manchester ICB
Current reporting
period
Befriending
High Peak School and Sports
Partnership
Grant Awards
Car Scheme
Digital Health
Awards 4 All
Peter Sowerby
Henry Smith
Churchill Fund
Sustrans Ferasibility Study
Routes to Work		 Unrestricted
£
-
5,000
-
5,000
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
5,000		 Restricted
£
21,936
-
27,082
49,018
19,175
468
10,000
600
4,788
5,045
7,212
125,120
39,000
16,032
10,000
80,000
3,218
8,635
700
18,000
500
416
37,968
47,445
8,147
479
24,994
57,000
2,484
9,984
3,952
13,133
4,404
782
1,728
15,000
5,029
26,710
30,584
2,222
1,019
641,973
690,991		 Total 2024
£
21,936
5,000
27,082
54,018
19,175
468
10,000
600
4,788
5,045
7,212
125,120
39,000
16,032
10,000
80,000
3,218
8,635
700
18,000
500
416
37,968
47,445
8,147
479
24,994
57,000
2,484
9,984
3,952
13,133
4,404
782
1,728
15,000
5,029
26,710
30,584
2,222
1,019
641,973
695,991

21

Glossop and District Volunteer Bureau (The Bureau)

Notes to the accounts for the year ended 31 March 2024 (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
Digital Support
Derbyshire County Council
Volunteering
Easter Holiday Activity Fund
Glossop SOUP
Contain Funding
European Social Fund
BBO
Futures
Police and Crime Commissioner
ICFT Grants
Councillor Initiatives
Move More Glossop
CYP Move More
Self Help Services - Big Life Group
Streetgames
Summer Holiday Activity Fund
Christmas Holiday Activity Fund
Active Partner Trust
Glossop Youth Action Group
National Squash Centre
Erewash Voluntary Action
Royal Society for Public Health
Tintwistle Parish Council
Total
Previous reporting
period
Grant awards
Simmondley Medical Practice
High Peak Well Being
Partnership
High Peak School and Sports
Partnership
The National Lottery -
Befriending
High Peak CVS
Salford CVS
Glossop Round Table
Sessional Income
Glossopdale Community
Messengers project
Active Travel
High Peak Borough Council
Life Skills
Tameside & Glossop Integrated
Care NHS Foundation Trust
Connex Community Support
Action together		 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 2024 (continued)

5 Income from other trading activities

Room hire & other income 2024
£
44,780
44,780		 2023
£
31,540
31,540

All income from other trading activities is unrestricted.

6 Investment income

Income from bank deposits 2024
£
11,608
11,608		 2023
£
6,321
6,321

All investment income is unrestricted.

23

Glossop and District Volunteer Bureau (The Bureau)

7 Analysis of expenditure on charitable activities

Notes to the accounts for the year ended 31 March 2024 (continued)

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
£
153,396
-
100,087
5,868
1,500
260,851
Operating
costs
£
165,833
-
67,789
4,987
4,404
243,013		 Direct project
costs
£
413,203
175,281
-
-
-
588,484
Direct project
costs
£
387,333
79,461
-
-
-
466,794
2024
£
702,539
146,796
849,335		 Total 2024
£
566,599
175,281
100,087
5,868
1,500
849,335
Total 2023
£
553,166
79,461
67,789
4,987
4,404
709,807
2023
£
640,893
68,914
709,807

24

Glossop and District Volunteer Bureau (The Bureau)

Notes to the accounts for the year ended 31 March 2024 (continued)

8 Analysis of governance and support costs

Basis of
apportionment
Independent examination
Governance
Basis of
apportionment
Independent examination
Governance
Legal and professional
Governance
9
Net income/(expenditure) for the year
This is stated after charging/(crediting):
Depreciation
Operating lease rentals:
Property
Independent examiner's fee
Current reporting
period
Previous reporting
period		 Governance
£
1,500
1,500
Governance
£
1,500
2,904
4,404
2024
£
5,868
24,000
1,250		 Total 2024
£
1,500
1,500
Total 2023
£
1,500
2,904
4,404
2023
£
4,987
24,000
1,250

25

Glossop and District Volunteer Bureau (The Bureau)

Notes to the accounts for the year ended 31 March 2024 (continued)

10 Staff costs

Staff costs during the year were as follows:

Wages and salaries
Social security costs
Pension costs
Recruitment, training and other staff costs		 2024
£
513,043
31,934
17,715
3,907
566,599		 2023
£
499,140
35,569
18,135
322
553,166

No employee has employee benefits in excess of £60,000 (2023: Nil).

The average number of staff employed during the period was 27 (2023: 27). The average full time equivalent number of staff employed during the period was 18 (2023: 19).

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 £48,564 (2023: £47,539).

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 (2023: Nil).

No members of the management committee received travel and subsistence expenses during the year (2023:£nil).

Aggregate donations from related parties were £nil (2023: £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 (2023: nil).

26

Glossop and District Volunteer Bureau (The Bureau)

Notes to the accounts for the year ended 31 March 2024 (continued)

12 Government grants

The government grants recognised in the accounts were as follows:

Derbyshire County Council
High Peak Borough Council
Tameside & Glossop CCG
NHS Derby and Derbyshire ICB
NHS Greater Manchester ICB
UKSPF
Tameside & Glossop Integrated Care NHS
Manchester CCG
Police and Crime Commissioner		 2024
£
52,179
24,616
-
-
7,212
27,082
190,152
80,000
57,294
438,535		 2023
£
75,337
76,586
54,234
125,120
2,438
41,041
-
-
-
374,756

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.

27

Glossop and District Volunteer Bureau (The Bureau)

Notes to the accounts for the year ended 31 March 2024 (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 1 April 2023
At 31 March 2024
At 31 March 2024
At 31 March 2024
At 31 March 2023
At 1 April 2023		 £
36,109
2,641
(3,920)
34,830
30,253
5,868
(3,920)
32,201
2,629
5,856
2024
£
49,077
1,592
4,656
55,325
Office
equipment		 £
36,109
2,641
(3,920)
34,830
30,253
5,868
(3,920)
32,201
2,629
5,856
2023
£
61,387
2,151
12,917
76,455
Total

28

Glossop and District Volunteer Bureau (The Bureau)

Notes to the accounts for the year ended 31 March 2024 (continued)

16 Cash at bank and in hand

2024
£
Short term deposits
379,058
Cash at bank and on hand
88,524
467,582
Creditors: amounts falling due within one year
2024
£
Short term compensated absences (holiday pay)
4,633
Other creditors and accruals
9,999
Deferred income
34,798
Taxation and social security costs
5,990
55,420
Deferred income
2024
£
Deferred grant brought forward
59,645
Grant received
34,798
Released to income from charitable activities
(59,645)
Deferred grant carried forward
34,798		 2023
£
407,450
115,573
523,023
2023
£
6,598
16,989
59,645
-
83,232
2023
£
117,028
59,645
(117,028)
59,645

17 Creditors: amounts falling due within one year

18 Deferred income

29

Glossop and District Volunteer Bureau (The Bureau)

Notes to the accounts for the year ended 31 March 2024 (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
Digital Health
GM Moving
Gamesley Youth
Group
Social Fund Spot
Purchase
Routes to Work
Councillor Iniative
CYP Move More
Current reporting
period
DCC Glossopdale
Community
Messengers project
Simmondley
Medical Practice
Thursday Friends
Peer Support
Place Based
Activities
Derbyshire County
Council
Volunteering		 Balance at
1 April
2023
£
-
275
275
-
-
29,056
8,000
-
-
-
-
-
35,472
-
-
-
2,314
878
482
-
800
30,280
107,282
107,557		 Income
£
27,082
22,026
49,108
5,045
59,484
164,120
47,445
16,032
19,175
8,635
10,000
91,100
88,921
1,279
37,968
46,784
671
820
268
30,584
700
15,034
644,065
693,173		 Expenditure
£
(27,082)
(22,135)
(49,217)
(5,045)
(59,484)
(154,683)
(55,445)
(16,032)
(19,175)
(8,635)
(3,333)
(85,700)
(106,422)
-
(37,968)
(29,481)
(1,967)
(1,047)
(348)
(30,584)
(702)
(37,271)
(653,322)
(702,539)		 Transfers
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Balance at
31 March
2024
£
-
166
166
-
-
38,493
-
-
-
-
6,667
5,400
17,971
1,279
-
17,303
1,018
651
402
-
798
8,043
98,025
98,191

30

Glossop and District Volunteer Bureau (The Bureau)

Notes to the accounts for the year ended 31 March 2024 (continued)

19 Analysis of movements in restricted funds (cont.)

Core activities
DCC Time Out
Projects
Life Skills
ICFT
DCC Active Travel
Total
Previous reporting
period
GMHSCP
Simmondley
Medical Practice
Thursday Friends
GM Moving
Befriending
support
Alpkit
CCG Digital
Support
Car Scheme
DCC Glossopdale
Community
Messengers
project
Derbyshire
County Council
Volunteering
Peer Support
Place Based
Activities
ESF BBO
Social Fund Spot
Purchase
Royal Society for
Public Health
CYP Move More
Councillor
Iniative		 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 2024 (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. Digital Health Funding to work with primary care to develop a volunteer support model 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. UKSPF Funding from the UK Shred Prosperity Fund to provide a Work Coach pre employment support service covering Glossop, Buxton and New Mills. Henry Smith - Life A programme which provides group work, 1-2-1, and mentorship support Skills 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 shopping and other essentials. Peer Activity groups including coffee mornings, gardening/allotment clubs and Support/Awards for cookery classes for clients that needs to build confidence, self-esteem All/Peter and are socially isolated. Sowerby/PHP/Place Based Activities Thursday Friends Weekly volunteer-led social connection for those living with dementia and their carers.

32

Glossop and District Volunteer Bureau (The Bureau)

Notes to the accounts for the year ended 31 March 2024 (continued)

20 Analysis of movement in unrestricted funds

General fund
General fund
Redundancy
Current reporting
period
Redundancy
Name of fund
General fund
Previous reporting
period
Redundancy		 Balance
at 1 April
2023
Income
Expenditure
Transfers
As at 31
March 2024
£
£
£
£
£
375,126
96,658
(146,796)
-
324,988
39,419
7,518
-
-
46,937
414,545
104,176
(146,796)
-
371,925
Balance
at 1 April
2022
Income
Expenditure
Transfers
As at 31
March
2023
£
£
£
£
£
391,501
52,539
(68,914)
-
375,126
35,730
3,689
-
-
39,419
427,231
56,228
(68,914)
-
414,545
Description, nature and purposes of the fund
The free reserves after allowing for all designated funds
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 2023/24 financial year based
on age, length of service and weekly pay of all eligible staff.

33

Glossop and District Volunteer Bureau (The Bureau)

Notes to the accounts for the year ended 31 March 2024 (continued)

21 Analysis of net assets between funds

Tangible fixed assets
Net current assets/(liabilities)
Total
Tangible fixed assets
Net current assets/(liabilities)
Total
Current reporting
period
Previous reporting
period		 General
fund
£
2,629
322,359
324,988
General
fund
£
5,856
369,270
375,126		 Designated
funds
£
-
46,937
46,937
Designated
funds
£
-
39,419
39,419		 Restricted
funds
£
-
98,191
98,191
Restricted
funds
£
-
107,557
107,557		 Total
£
2,629
467,487
470,116
Total
£
5,856
516,246
522,102

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
Over five years		 2024
2023
£
£
24,000
24,000
24,000
48,000
-
-
48,000
72,000
Property

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		 2024
£
(51,986)
5,868
(11,608)
21,130
(27,812)
(64,408)		 2023
£
32,866
4,987
(6,321)
(54,434)
(67,777)
(90,679)

34

Glossop and District Volunteer Bureau (The Bureau)

Notes to the accounts for the year ended 31 March 2024 (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.

35

Glossop and District Volunteer Bureau (The Bureau)

Notes to the accounts for the year ended 31 March 2024 (continued)

24 Pension scheme and Contingent liability (cont.)

Present value of provision

Present value of provision
31-Mar-24 31-Mar-23 31-Mar-22
(£s) (£s) (£s)
Present value of provision 278 595 934
Reconciliation of opening and closing provisions
Period ending Period ending
31-Mar-24 31-Mar-23
(£s) (£s)
Provision at start of period 595 934
Unwinding the discount factor (interest expense) 23 17
Deficit contribution paid (340) (340)
Remeasurements - impact of any change in assumptions - (16)
Remeasurements - amendments to the contribution schedule - -
Provision at end of period 278 595

Income and expenditure impact

Income and expenditure impact
Period ending Period ending
31-Mar-24 31-Mar-23
(£s) (£s)
Interest expense 23 17
Remeasurements - impact of any change in assumptions - (16)
Remeasurements - amendments to the contribution schedule - -
Contributions paid in respect of future service * - -
Costs recognised in income and expenditure account 1 1

*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-24 31-Mar-23 31-Mar-22 % per annum % per annum % per annum Rate of discount 5.31 5.52 2.35

Rate of discount

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.

36

Glossop and District Volunteer Bureau (The Bureau)

Notes to the accounts for the year ended 31 March 2024 (continued)

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

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

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