COMPANY REGISTRATION NUMBER: 03666606 CHARITY REGISTRATION NUMBER: 1073101 Mid Suffolk Voluntary Organisations Forum Company Limited by Guarantee Unaudited independently examined accounts 31 March 2025
Mid Suffolk Voluntary Organisations Forum Company Limited by Guarantee Financial statements Year ended 31 March 2025 Pages Trustees, annual reF)Ort (incorporating the directors, report) 1to9 Indp.pendent examinerfs report to the trustees Statement of finanaal activities {including income and expenditure account) Balance sheet 12to13 Notes to the financial ststements 14to25
Mid Suffolk Voluntary Organisations Forum Company Limited by Guarantee Trustees, annual report (incorporating the directors. report) Year ended 31 March 2025 The tnjstees, who are also the directors for the purposes of Company law, present their report and ihe unaudited financial statements of the charity for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies sel out in notes to the accounts and comply with the charity's goveming document. the Charities Act 2011 and Companies Act 2006 and Accounting and ReF)Orting by Charities.. Slatement of Recommended Practice applicable to charitlss proparing th8ir accounts in 8ccordanc8 With th8 Financial R8POTting Standard 2pplicabl8 in the UK and Republic of Ireland published in October 2019.
Mid Suffolk Voluntary Organisations Forum Company Limited by Guarantee Trustees. annual report (incorporating the directors. report) (contlnued) Year ended 31 March 2025 Chaimian's report Finances Over the past year. MSVOF. or Red Gables. has made sub5tgntial piogress. Despite facing considerable challenges due to external factors in the global economy. we have advanced several key projects and strengthened our partnerships with tenants. hirers. and funders_ Throughout this journey. we have rg.mxinp.d committed lo making a positive impact in Stowmarket and Mid Suffolk. Our finances have remained stable despite increasing costs. Income for the calendar year has decreased by £21,917. primarily due to a reduction in grant funding for capital and projects. many of which were successfully funded in the year ending March 2024. Expenditure has risen by £16,176, reflecling a notable decrease in office costs balanced by a significanl rise in property expenses. This increase is attributed to ongoing works across both buildings aimed at enhancing visual appeal and maintaining compliance with the scheduled maintenance plan. Community Engagement The Redwoods Lunch Club has seen a steady increase in participants, maintaining a robust attendance of 30 individuals at each fortnighlly gathering. This growth has been supported by funding from the MGCarthy Stone Foundation, allowing us to invest in new equipment. unrfomis. and enhanced marketing efforts. Our Friday warm space social group. You're Welcome. has successfulty operated throughout the year. Originally eslablisned as a six-month pilot in February 2023. we are delighted to see its continuation. Our singing groups have been progressing well with Marf( and Jill facilitating tsvo 'Lel's Sing at Red Gables. sessions each month, which have experienced growing attendance. Furthermore. our outreach singing initiatives have been actively engaging care homes in Stowmarkel and Mid Suffolk. with special events such as the Sin9alongs at the Rampant Horse in Needham Market witnessing increasing parbcipation every quarter. Volunteers of Stowmarket has experienced an extraordinary year. The project includes a variety of initiatives, such as the weekly Tuesday environmental activity group, the Stowmarket Repair Cafe, and the Hard lo Recycle stall. With over 50 volunteers supporting our efforts each month, we tske pride in the accomplishments of this project and appreciate the growing attention on social media, which underscores the significance of environmental acttvities for the people of Stowmarkel. Cooking on a Budget commenced in eady 2023 and has been running continuously through this calendar year. Each six-week course is tailored to impart new recipes and essential kitchen skills, all while assisting participants in rnaximising their household food budgel. The initiative seeks to offer valuable guidance and support for families with low incomes. carers. indivtduals relying on foodbanks, or those facing mental health challenges. We are delighted to announce that we have seCud additional fundin9 for another 12 months. Maintenance This year. we have conducted 8 comprehensive review of the facilities at Red Gables. concentrating on the enhancement of the offices we rent out a5 well as the comrnunal indoor areas. Several rooms have undergone redecoration. and we have successfully upgraded to LED lighting throughout both buildings, along with improvements to Ihem)al insulation wherever feasible. Our sincere gratitude goes to our maintenance team, led by Mark. The outdoor area at Red Gables has consislendy drawn admiration, and it would be remiss not to commend the dedicated efforts of the Red Gables Garden Project. For over 12 years, this group of volunteers has diligently mainlained the gardens and continues to cultivate new areas of beauty throughoul the sile.
Mid Suffolk Voluntary Organisations Forum Company Limited by Guarantee Trustees. annual report (incorporating the directors. report) (conffnued) Year ended 31 March 2025 The next 12 months In the upcoming year, our key priorities will encompass the following- Finalising the fire ststion project and evolving it into a vital community hub thal addresses various needs and fosters connections among residents. Creating a thorough and modem business plan that detsils our funding strategy. ensuring we are equipped to secure financial backing for future initiatives_ Proactively recruiting more volunteers. particularly focusing on increasing participation within Volunteers of Stowmarket and our You're Welcome group. Expanding our intergenerational events and programmes, promoting meaningful exchanges beeen different age groups lo enrieh the overall experience for all. Maintaining financial sustainability amidst rising costs. enabling us lo continue delivering quality services without compromising stsndards. On behalf of the truslees, I would like to take this opportunity to express our heartfelt gratitude to our outstanding team of staff and volunteers who play a crucial role in making Red Gables what it IS today. We also extend our sincere thanks to our tenants. partners. and funders. whose vital support enable$ us to reach our objectives. Mark Cobum {MSVOF Chair) Reference and administrative details Registgred charity name Mid Suffolk Voluntary Or9anisaiions Forum Charity registration number 1073101 Company registration number 03666606 Principal office and registered Red Gables offlce Ipswich Road Slowmarket Suffolk IP14 1BE The trustees The trustees who served during the year and at the date of approval were a5 follows: M Cobum (Chairl A Dennis {Treasurer. Appointed 1910312025) S Lovell L Scott {Appointed 2110212023) M Trent
Mid Suffolk Voluntary Organisations Forum Company Limited by Guarantee Trustees. annual report {incorporating the directors. report) (conllnued) Year ended 31 March 2025 Membership groups 1 sl Slowmarket Guides and Rangers ACE {Anglia} Lld Art for All Babergh & Mid Suffolk Dislrict Council Base Counselling Blue Butlefflies Holistic Therapies Catherine Rolfe Yoga Children & Young People's Semces Clear Light Counselling Communtties Together EA Confident Cr•ach Dans Coach Travel Dimensions Easl Anglian P05tal History Society East Anglia Traditional Music Trust Enigm8 Essex and SLrffolk Rivers Trust Families Together Suffolk Family Psychology Mutual Fintellity Gables Therapies Gipping Social Lodge {Odtttellows) KFL Yoga Lapwing Education Macmillan Mid Suffolk Healing Roow New Lrfe Church Parenting Apart Centre East CIC Parkinsons UK Stowmarkel Cuppa and Chat POhWER Prepped Academy Primary Homecare PSS Shared Lives Scorpion Martial Arts Academy Second Coming Clothing Serenity Yoga Suffolk Smooth Seas Psychotherapy and Counselling SODS st Elizabeth Hospice Stow Crafters Stowmarkel ASD Saturday Club Slowmarket Camival Stowmarkel Foodbank Stovmiarket Musical Theatre Company Stowmarket U3A Stowmarket Youth Theatre Suffolk and North East Essex ICB Suffolk Family Carers Suffolk Guide Association Suffolk Red Cross Link Group Suffolk Riders ROSPA Suffolk Sight The Royal Philatelic Society Totally HR Ltd Valant Viva La Visa Volunteers of Stowmarket IECOI Wesl Suffolk HospitallSCARC Red Gables Tenants ACE (Anglial Ltd Communities Together EA Essex and Suffolk Rivers Trust Stowmarket Foodbank Vallanl Ltd Counsellors East Anglia Traditional Music Trust Gables Therapies Suffolk Sight Red Gables Volunteers with Projects Cake, Can¢er & Coffee {MacMillan) Garden Project Lunch Club Volunteers of Stowmarkel (Eco) Tolal number of Volunteers = 70 Cooking on a Budget Living With Dementia Members Club Repair Café You're Welcome Sollcltors Pretys Elm House 25 Elm Street Ipswich IP1 Z4D
Mid Suffolk Voluntary Organisations Forum Company Limited by Guarantee Trustees. annual report (incorporating the directors. report) (continuedj Year ended 31 March 2025 Independent examlner A Robinson FCA Lovewell Blake LLP Chartered accountants Firsl Floor Suite 2 Hillside Business Park Bury St Edmunds IP32 7EA Bankers TSB 7 Market Street Stowmarkel IP14 1DY
Mid Suffolk Voluntary Organisations Forum Company Limited by Guarantee Trustees. annual report (incorporating the directors. report) f¢ontlnuedJ Year ended 31 March 2025 Objectlves and actlvltle5 Aims of the Charity {Extract from the Memorandum of Association): To promote for the public benefit the urban and wral regeneration in areas of social and economic deprivation and in particular Mid Suffolk District and the County of Suffolk. To promote the benefit of the inhabtianls of the area of benefrt without distinction of sex, sexual Ofientation. age. disability, nationality. race or of political. religious or olher opinions. by associating together the said inhabitants and the statutory authorities. voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure-time occupation with the object of improving the conditions of life for the said inhabitsnls. To promote and improve the effectiveness of charities which operate in whole or in part in Mid Suffolk in direct pursuit of Iheir objeclives by the provision of advice. training. and infomiation on efficient and professional management of resources. To promote such other purposes as are charitable according to Ihe laws of England and Wales for the benefit of Ihe public as may from time to time be detennined. Maln actlvltles of the fornm Piuiriuliiiy ¢aiid iiriyiuviiiy Ilie el(lIve11¥s5 of voluiilary oryaiii>aknoii> worki1i9 in Ilie Mid Sulfolk dl ea by Lli provision of advice, training. pra¢tical sUPPOrt. and inft)rmation. Managing the Red Gables Wellbeing Hub which provides permanent office accommodation for voluntary groups as well as facilities for hire such as the Redwoods Centre. Publlc benefit In shaping our objectives for the year and planning our activities. the Trustees have considered Ihe Charity Commissions guidance on public benefit when setting the objective5 for the year. The trustees confim that they have complied with the duty in section 4 of the Charities Act 2011. Achievements and perforniance The Chariws activities for the year a reported in the Red Gables Chaifs Report wthin these accounts.
Mid Suffolk Voluntary Organisations Forum Company Limited by Guarantee Trustees. annual report (incorporating the directors. report) (¢ontinu¢d) Year ended 31 March 2025 Financial review UnreslTicled income for the year has increased by £23.190 to £125,780 (2024- £102,590) this is mainly due to an increase in renls and service charges although this was somewhat offset by a decrease in grants and donations. Total income amounted to £160,002 (2024- £181,919) down 12% on last year. Unrestricted expenditure has increased by £29.308 to £122.377 {2024.. £93.0691_ Total pxpÈ.nrlitiJrp. amounted to £214.86312024.' £198.6871 up 8°h on last year. After transfers betsveen funds 2nd gains from revaluations. UnStriC1ed funds carried forward amounted to £48,91512024= £60,681) and restricted funds amounted to £1,962.65612024.' £2.005.7511 as at the year end date. wlh total reserves amounting to £2,011,571 (2024: £2,066,432). Reserves policy The Charitys reserves policy is lo hold six months unrestricted expenditure as reserves which would amount to £61,188 {2024- £46,535} based on current expenditure levels. The policy is set to hold enough free reserves to enable the Charity lo fu111 statutory and legal obligations and to provide a contingency fund lo meet unforeseen falls in income or increases in expenditure. In setting the reserves policy the Trustees have considered the benef¢ts and security of ils ownership of the Red Gables propety. which allows the Trustees to properly manage the charities finances wlh consistency against unforeseen expense fluctuations in future years. The Chafity's actual unrestricted reserves amounted to £48.915 as at Ihe year end (2024: £60.6811 which is below the policy level. The Trustees anticipate raising funds over the foreseeable future in order to retum the charity fund position to be in ¢xcess of this policy. Plans for future periods The Charitys plans for the foreseeable future a to promote and undertake activities in line with the Charity's aims and objectives to support the tenants and the wider community induding those who rely on Red Gables. as oudined in the Chairs Report.
Mid Suffolk Voluntary Organisations Forum Company Limited by Guarantee Trustees, annual report (incorporating the directors. report) (continue Year ended 31 March 2025 structure, governance and managernent Organisational and deGision4naking structUTg The Mid Suffolk Voluntary Organisations Forum. also known as Red Gables or the forum throughout these accounts is a registered charity and a company limited by guarantee. company number 03666606 and Charity number 1073101. A Board of Trustees is responsible for managing the business of the Forum and there are six scheduled meetings of the Board each year. Appointrngnt or election of Trustees Trustees are appointed by the Annual General Meeting or by resolution of the Board of Trustees. The number of Trustees shall not be less than three and Ihe total number is not subject lo any maximum unless otherwise determined. New Trustee5 will communicate with the Charily and its existing Trustees prior lo becoming a member, during which time the individual will obtain an understanding of Ihe obiectives and operations of Ihe Charity and the individual's expected role. Membership of the forum MvrTibEisliiy lu UIE fviuiT) Ib <iuloin<iliG(IIIy gf<inled ID all regular lenan15 anij hirer5 of Red Gables and Redwoods. Additionally, voluntary organisations or community groups with a charitable purpose. as well as registered charities in Mid Suffolk. are eligible for membership. Individuals and groups with relevant skills or interests that can contribute lo the gro of the voluntary sector are also invrled to join. Approval from the board of Trustees is required for all applications. Main Testrictions set by governing document The governing documents of the Forum are the Arb¢les of Association and the Memorandum of Association. The overriding restriction is that the income and propety of the Fonjm shall only be used for achieving the aims of the Charity- Risk assessment The trustees have assessed the major risks to which the charity is exposed. and are satisfied that systems are in place to miligale exposure to the major risks. Independent examiner reappointment A resolutson lo appoint A Robinson FCA of Lovewell Blake LLP as independent examiner will be proposed at the next meeting. Small company provisions This report has been prepared laking advantage of the small cornpanies, exemption of section 415A of the Companies Act 2006.
Mid Suffolk Voluntsry Organisations Forum Company Umlted by Guarantee Trustees. annual report (Incorporatlng the dlrectors. report) Year ended 31 March 2025 Iy/il 1 25 .. arKI *ned on beh8K of ts board of M C(thm (Chair)
Mid Suffolk Voluntary Organisations Forum Company Limited by Guarantee Independent examiner's report to the trustees of Mid Suffolk Voluntary Organisations Forum Year ended 31 March 2025 I report to the charity trustees on my examination of the financial stslemenls of the company for the year ended 31 March2025 which comprise the statement of financial aclivilies (including inGome and expenditure account). balance sheet and the related note5. Responsibilitie$ and basis of report As the charity trustees of the company land also ils directors for the purEx)ses of company law) you are responsible for the preparation of the financial statements in a¢¢ordance with the requirements of the Companies Act 20061.the 2006 ACYI. Having satisfied myself that the financial staternents ol 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 compan$ financial statements as carried out under section 145 of the Charitie5 Act 2011 {'Ihe 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5llb) of the 2011 Act. Independent examIneS statement I have completed my examination. I confim that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. aecounting records wg.re not kopt in rp5pp.rt ttf thp. rompxny required by section 386 of thp. 2006 Act: or the financial statements do not accord with those records.- or the financial statements do nol comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounls give a 'true and fairf view which is not a matter considered as part of an independent examination- or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities pparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102). I have no concems and have come across no other matters in conneclion with the examination to which attention should be drawn in this report in order to enable a proper understandin9 of Ihe accounts to be reache A Robinson FCA Independenl Examiner Lovewell Blake LLP Chartered accountants First Floor Suite 2 Hillside Business Park Bury Sl Edmunds IP32 7EA -10-
Mid Suffolk Voluntary Organisations Forum Company Limited by Guarantee Statement of financial activities (including income and expenditure account) Year ended 31 March 2025 2025 Reslricled funds Total funds 2024 Unrestricted funds Total funds Note Income and endowments Grants and donations Charitable activities Other trading aclivities Total Income 9.392 116,097 291 24.467 6,225 3.530 77,435 102.486 1,998 122,322 3.821 125.780 34.222 160,002 181,919 Expenditure Charitsble aGtivities 122,377 92,486 214,863 198,687 Totsl expenditure 122,377 92.486 214,863 198.687 Net expendlture before transfer of funds 3,403 {58,264) (54.8611 116,768) Transfets beeen funds {15,169) 15,169 Other recognlsed galns and losses Losses from revaluation of fixed assets (150,000} (166.768) Net movement in funds {11.766) 143,0951 (54.8611 RgGon¢iliation of funds Total funds brought forward Total funds carried forward 60,681 2,005.751 2.066.432 2,233.200 48.915 1.962.656 2,011,571 2.066.432 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure dertve from continuing activities. The notes on pages 14 to 25 forni part of these financial statements. 11
Mid Suffolk Voluntary Organisations Forum Company Limited by Guarantee Balance sheet 31 March 2025 2025 2024 Note Fixed assets Tangible fixed assets 11 1.929,582 1,967,293 Current assets Debtors Cash at bank and in hand 12 17.896 81,085 13,578 103,512 98.981 117.090 Creditors: Amounts falling due within one year 13 (16,992) (17,951) Nèt currènt assets 81.989 99,139 Total assets less current Ilabllltles 2,011,571 2.066.432 Not as$gts 2.011.571 2,066,432 Funds of the charity Restricted income funds- Rev8lualion reserve Oiher restrtcled income funds Unrestricted funds= Revaluation reserve other unreslrieled ineome funds 1,595.271 367,385 1.595.271 410,480 8,517 40,398 8.517 52,164 Total unrestri¢ted fund$ 48.915 60.681 Total charity funds 16 2.011.571 2,066.432 For the year ending 31 March 2025 the charity was entitled lo exemption from audit under section 477 of the Companies Act 2006 relating to small companie5. Directors. responsibilities: The members have not requir8(I Ihe (x)mpany to obtain an audit of its financial statements for the year in question in 8ccordance with section 476: The directors ackrsowledge their responsibilities for complying with the requirèments of the Aet with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subje¢t lo the small companies. regime. The balance sheel continues on the following page. The notès on pages 14 to 25 form part of these financial statements. 12-
Mid Suffolk Voluntary Organisatlons Forum Company Umltod by Guarantee Balance sheet 31 March 2025 aThl are sNJned on behalf ofth8 board by: M Coiwrn {Ch8lr} -13-
Mid Suffolk Voluntary Organisations Forum Company Limited by Guarantee Notes to the financial statements Year ended 31 March 2025 General infomiation The charity is a public benefit entity and a privale company limited by guarantee, registered it) England and Wales and a registered charity in England and Wales. The operational and registered office address of the charity is Red Gables. Ipswich Road. Siowmarket. Suffolk. IP14 1 BE. ststement of complian¢e The charity constitutes a public benerrt entity as defined by FRS 102. 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 issued in October 2019, the Financial Reporting Standard applicable in the United KingdoTn and Republic of Ireland IFRS 102), the Charit18s Acl 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice. A¢¢ounting policies Basls of preparation The financial statements have been prepared on the historical cost basis. Going ¢on¢¢rn The accounts have been prepared on the on going concem basis and the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected income and expenditure for the next 12 months from aulhorising these financial slalement. The budgeted income and expenditure is sufficient with the level of reserves for the Chaiity to be able to continue as a going concem. Income tax As a registered ch8rtty. the 8ctsvtltes are exempt from UnFted Kingdom Income and Corporation taxation, provided that the income is applied to charitable purposes. Fund accounting Unrestricted funds are available for use at the discretion of the Trustees lo furlher any of the Charity's purposes. Designated funds, where necessary are unrestricted funds eamiarked by the Trustees for particular future projects or commttments. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an 8ppeal, and fall into one of two sub<lasse5= restricted income funds or endowment funds. Income All income is included in the statement of financial actiwbes when entiuement has passed to the charity. it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied lo particular categories of income.. 14-
Mid Suffolk Voluntary Organisations Forum Company Limited by Guarantee Notes to the financial statements (continued) Year ended 31 March 2025 Accounting policies (continued) In¢ome (continuedj income from donations or grants is recognised when there is evidence of entitlemenl to the gift, receipt is probable and its amount can be measured reliably. income from contracts for the supply of services is recogllised with the delivery of the contracted service. This is classrfied as unrestricted funds unless there is a conlraclual requirement for it to be spent on a particular purpose and retumed if unspent. in which case it rnay be regarded as restricted. - income from fundraising activities is recognised when it is received. Expendlture Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered. and is classified under headings of the statement of financial activities to which it relates= expendilure on charitable activtties includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its benefictaries, including those support costs and costs relating to the g0veMan of Ihe charity apportioned to charitable activities. Tangible assets Tangible assets are initially recorded at cost. and subsequenuy stated at cost less any accumulated depreciation and impairment losses. Any tangible assels carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulaled impairment losses. An increase in the carrying amounl of an asset as a SUIt of a revaluation, is recognised in other recognised gains and losses. unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses. except lo which it offsets any previous revaluation gain. in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Depreciation The Freehold propety 1$ being depreciatÉd over 50 years and includes improvements. Land is not depreciated. Freehold property improvements Fixtures and fittings Equipment 2y•. 40h. 100/0 and 33% straight line 10 /0 Straighi line 25¥0 slraighl line -15-
Mid Suffolk Voluntary Organisations Forum Company Limited by Guarantee Notes to the financial statements f¢ondnued) Year ended 31 March 2025 Accounting pollcles (continued) Financial instruments A financial asset or a financial liability is Cognised only when the entity become5 ? party to the contractual provisions of the instrument. Basic financial instruments are initially recognised al the amount receivable or paable including any related Iransaction costs. unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Current assets and current liabilities are subsequenlly measured at the cash or other consideration expected to be paid or received and not discounted. Debt inslruments are subsequently measured al amortised cost. Defined contribution plans Contributions lo defined Conlribution plans are recognised as an expense in the period in which the related semce is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a duCtIon in future paymenls or a cash refund. When conlributions are not expecieo to be seived wholly wlthin 12 monÉh5 of the end of the reportir)g dale in which the employees render the related service. the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. Limited by guarantee The company is limiled by guarantee and does not have a share capital. Every member of the ompany undertakes to contribute to the assets of the cornpany if il is wound up during the time that he or she is a member, or wthin one year afteards. for payment of the deb15 and liabilities of the COfTIP8ny contracted before the lime at which he or she ceases to be a member and of the costs, charges and expenses of winding up and for Ihe adjustment of the rights of the contributors among themselves such amount as may be required not exceeding £1. 16-
Mid Suffolk Voluntary Organisations Forum Company Limited by Guarantee Notes to the financial statements (¢tsntinuedJ Year ended 31 March 2025 Grants and donations Unrestricted Funds Restricted Total Funds Funds 2025 Grants Suffolk County Council Mid Suffolk Oi5trrcl Council Simon Gibson Charitable Trust Stowmarket Town Council Other grants and donations Mccarthy & Storke Charitable Foundation Albert Hunt Trust Suffolk Community Foundation Pargiter Trust 14,182 14,182 5.000 3,398 19,719 5.000 3.000 1.392 398 18,327 (13,440) 5,000 {13.4401 5,000 9,392 24,467 33,859 Unrestricted Funds Restricted Total Funds Funds 2024 Grants Suffolk County Council Mid Suffolk District Council Simon Gibson Charitable Trust Stowmarket Town Council Other grants and donations Mccarthy & Stone Charitable Foundation Albert Hunt Trust Suffolk Community Foundation PaTgiter Trust 150 6.350 150 6.350 2.990 973 10 25,325 6.472 4,000 31.165 3.000 26,298 6.472 4,000 31.165 3.963 73.472 77,435 The negative amount disclosed above in relation to the Simon Gibson Ch8ri1able Trust represents the nel amounl received during the year after taking into account the retum of monies previously provided that remained unspent for the purpose5 in which they were provided. Charitable activities Unreslricted Funds Reslricled Total Funds Funds 2025 Rents and service charges Other income 114.004 2.093 6.225 120,229 2,093 116.097 6.225 122,322 -17.
Mid Suffolk Voluntary Organisations Forum Company Limited by Guarantee Notes to the financial statements (continuedj Year ended 31 March 2025 Charltable activities (continued) Unrestricled Funds Reslricted Total Funds Funds 2024 Rents and service charges Other ineome 97,305 572 4.458 101,763 723 97.877 4.609 102.486 Expendithre on charitable activities Unrestricted Funds Restricted Total Funds Funds 2025 Staff costs Office costs Propety costs Project and service costs Depreciation Support costs 59,416 14.420 41.670 32 856 5,983 59.416 14.630 41,670 55,453 37,711 5.983 210 55,421 36,855 122.377 92,486 214,863 Unrestricted Funds Restricted Total Funds Funds 2024 Staff cosls Office costs Property costs Project and serwce costs Depreciation Support costs 56,985 2.959 28.683 56.985 2.959 31.803 65,643 37,714 3.583 3.120 65.643 36,855 859 3.583 93.069 105.618 198,687 Analysis of support Costs 2024 2023 Independent examiners fees Legal and professional fees 3,162 2.821 2,670 913 5.983 3.583 Net expenditure Net expenditure is stated after chargingl(crediting)= 2025 2024 Depreciation of tangible fixed assets 37.711 37,714 18-
Mid Suffolk Voluntary Organisations Forum Company Limited by Guarantee Notes to the financial statements (continuedj Year ended 31 March 2025 Staff costs The lotal 51off costs and employee benefits for the reporting period are analysed as follows.. 2025 2024 Wages and salaries Pension costs 57,282 2.134 54,711 2,274 59.416 56.985 The average head count of employees during the year was 4 (2024: 41. No employee received employee benefits of more than £60,000 during the year (2024.. Nil)- 10. Trustee remuneratlon and expenses The key management personnel of the Charity comprise the Trustees. Two Trustees received remuneration for non-Truslee related services totalling £3.293 {2024'. One Trustee received £2,926). No truslees were reimbursed expenses amounts12024.' One Trustee was reimbursed £60) during the year. The total amount of employee benefits. including employer pension contribution., received by senior management for their services to the Charity was £Nil (2024= £Nil). 11. Tanglble fixed assets Land and freehold Fixtures and pn)perty fittings Equipment Totsl Cost At 1 April 2024 and 31 March 2025 Depreciation Al 1 April 2024 Charge for the year At 31 March 2025 2.184.709 51,119 23.221 2,259.049 221,331 36.622 47.385 1,005 23.040 291,756 37,711 257.953 48.390 23.124 329.467 Carrying amount At 31 March 2025 1.926,756 2,729 97 1.929,582 At 31 March 2024 1.963,378 3.734 181 1,967,293 Tangible fixed assets held at valuatlon The land and freehold property was revalued by trustees in July 2023 on the basis of advice and assistance by third party providers to be £2.000,000 excluding depreciation. The historical cost of the land and property is £580,921 12024: £580.921). 19-
Mid Suffolk Voluntary Organisations Forum Company Limited by Guarantee Notes to the financial statements {conlinued) Year ended 31 March 2025 12. Debtor5 2025 2024 Trade debtors Prepayments and accrued income Other debtors 15.000 2.586 310 10.668 2,610 300 17.896 13,578 13. Credilors: Amounts falling due within one year 2025 2024 Trade creditors Accruals and deferred income Other creditors 221 16.771 526 17.073 352 16,992 17,951 14. Defined contribution plans Thg. amoLint recffjgniqe.rt in incom8 or expe.ndittIrp. An pxpp.nsp. in rp.latinn tn dpfin•.d rA)ntribiJlion plans was £2.13412024.' £2.274). 15. Deferred income 2025 2024 Al 1 April 2024 Amount released to income Amount deferred in year 14,121 114.1211 13,597 14,171 114.171) 14,121 At 31 March 2025 13.597 14.121 Deferred income represents conditional arnounts received in relation to services actioned after the year end date and are released in the year to which they relate. 16. Analysls of charitable funds Unrestricted funds Revaluation gains I (logses) Transfers At31 Mar 2025 At 1 Apr 2024 Incomè EXnditUr Unrestricted Funds 60.681 125.780 (122.377) 115,1691 48.915 -20-
Mid Suffolk Voluntary Organisations Forum Company Limited by Guarantee Notes to the financial statements (continu8d) Year ended 31 March 2025 Restricted funds Revaluation gains I (losses) Transfers At31 Mar 2025 Ai 1 Apr 2024 Incorne Expenditure Community Fund Old Librgry Exten3ion Festival Dementia Fund Garden Proje¢ls Better Balance Classes Building Costs Corne Sing with Me Cooking ors a Budget Window Replacemenl Car Park Resurfacing Range Cooker LWD Members Club Cake, Cancer and Coffee Redwoods Table and Chairs Lun¢h Club Singing for the Brain Rickshaw Hand Dryers Haughly Bequest Volunteers for Stowmarket Events IT Improvements Nurture Together Pop Up Farm StowmaTket and District Dementia Community Group Windows & Doors You're Welcome Lights & Electrical Upgrades Repair Café Social Enterprise Fund Stow Crafters 1.394,710 525.586 (22.665) {11,391) 1.372,045 514,195 5.055 14.9751 6,955 (80) {1.895) 5.060 1.408 880 911 1,042 3.311 26,021 770 11.712 4.540 2.580 15.394) 13.4601 554 911 1,823 2.532 24.662 563 2.816 (2.035) (779) (1.359) {207) (21.256) 9,544 419 81 (2101 290 {4541 112.7901 (5.415} 1.477 7,165 7.429 5.625 7.266 700 1.475 4.569 9,280 700 (1.4751 (40} 14,529) 2.517 2,918 1.674 400 2.015 1,500 (3,974} (174) (331) {1.513) (3.800) 1.461 1,500 275 1,484 3,283 1,986 983 9.484 606 336 6.487 {3,646) (2421 (348) 12,325 364 1,056 8.782 1.208 18,7821 1,208 4.900 2.47G 4.900 2.449 127> 192.486) 2.005.751 34.222 15.169 1.962,656 21
Mid Suffolk Voluntary Organisations Forum Company Limited by Guarantee Notes to the financial statements (continued) Year ended 31 March 2025 Unrestricted funds Revaluation gains I (losses) Transfers At 31 Mar 2024 At 1 Apr 2023 Income Expenditure Unrestsicted Funds 57,170 102.590 {93.069) {327) 15,6831 60,681 Restrlcted funds Revaluation gains I (losses) Transfers At31 Mar 2024 At 1 Apr 2023 Income Expendilure Community Fund Old Library Extension Festival Dementia Fund Garden Projects Better Balance Classes Building Costs Come Sing with Me Cooking on a Budget Window Replacement Car Park Resurfacing Range Cooker LWD Members Club Cake, Cancer and Coffee Redwoods Table and Chairs Sensory Ark Project Lunch Club Singing for the Brain Rickshaw Hand Dryers Haughly Bequest Volunteers for Stowmarket EveTrtS IT Improvements Nurture Together Pop Up Fann 24 Slow Xmas Tree Festival Stowmarket and District Dementia Community Group Windows & Doors You're Welcome 1.550.434 553.592 122.666) {133.058} 111.391) {16,6151 1,394,710 525.586 6.474 913 (1,419) (9961 5,055 83 440 5,570 4,000 2.000 2,816 (4.602) (3.1201 {1,089) (1.774) {K191 (1.3591 12051 (8.0551 1.408 880 911 1,042 3,311 26,021 770 11,712 4.09U 27.380 975 19.767 534 188 {303) 419 2.385 {454} {2.137} {10,515) {3,845) 1,931 1,180 7.908 8.725 957 4,629 1.000 (2,022} 1.386 700 7.266 700 1.475 4.569 1,475 6.873 1754) 11,550) 22.383 1.208 1,000 977 826 (20.692) 11,058) 1725) 1450) {217) 2,517 1150} 275 1.484 3,283 407 3,500 550 152) (112) 164 1,479 10.580 3.000 (2.575) (2.3941 (1.9321 {105.6181 1149.6731 9.484 606 336 2,268 2.176.030 79.329 5,683 2.005,751 -22-
Mid Suffolk Voluntary Organisations Forum Company Limited by Guarantee Notes to the financial statements (continued) Year ended 31 March 2025 Restricted fund purposes: Community Fund.. Funding from the Community Fund for property improvements. Old Library Extension." Income and expenditure relating to the Old Library extension. Gartlen Projeels.. IncnmKt and pxpp.nrliliJrp. rplk)tiw to the work on the grounds. Better Balance Classes.. Funding from the Simpson Fund through Suffolk Community Foundation to provide exercise classes for older people Ihrough the Redwoods Lunch Club sessions. Come Sing with Me.- The income received within this fund is restricted to the purposes set out by the fund provider. Cooklng on a Budget.. The in¢ome ee7Ved within this fund is restricted to the purposes set out by the fund provider. Window Replacement." Funding from Suffolk County Council to improve the Ihermal efficiency of Red Gables. including insulation and secondary glazing. Car Park Resurfacing.- Funding from Viridor Credits Environmental Company and Mid Slrffolk District Council for resurfacing the car park. Range cooker.. Fundlng from the Dulverton T1 for a new range Gooker. Cake, Cancer and Coffeg.. Funding from Macmillan Cancer Support for complimenlary therapy activities. Redwoods Table and Chairs." Suffolk Community Foundation's Joy Abbott Fund and Awards for All funded the rep18cement of fumiture in Redwoc4Js. Slnglng ftir the BraiTn.' Singing for the Brain is a project which started in spring 2021 delivering in person and online singing sessions for people with neurological and brain disorders and also regular recording and sending out CDS for those unable lo get online. Funding of £8,450 was awarded from Awards for All, part of the National Lottery. Delivery of the project will be largely the followng financial year. Rickshaw.. The Stowmarket Rickshaw Project is a joint venture between MSVOF and BSEVC with support from Suffolk County Council and Slowmarkel Dementia Action Alliance. In February 2021 M8VOF wx% awarded £4.996 from SLrffolk Community Coronavirus Fund and Reviving Our Community Fund, both of which are 8dministered by Suffolk Community Foundation. The funding was lo purchase another Rickshaw. a second hand one together with sorne running costs for the additional administration costs. Delivery of the project will be largely during the following financial year. Volunteers for Stowmarket (Eco).. Initially funded with £1,000 through Stowmarket Town Councils environmeni funu, Ihe project has successfully s04Jrced £10.000 from ihe Community Choices Award, a grant provided by Stowmarket Town Council to celebrate the platinum jubilee. -23-
Mid Suffolk Voluntary Organisations Forum Company Limited by Guarantee Notes to the financial statements (cothjtinuedj Year ended 31 March 2025 Events.. This fund relates to income re¢eived specifically for the purposes of the fund. IT Improvements.. This fund relate5 to income received specifically for the pruposes of the fund. Nurture Together.. This fund relates to income received specifically for the pruposes of the fund. Pop Up Farm.. ThÈs fund relatès lo in(YJm@ rece.ivpd_qPAf.iflr1lY fnr thg priRpnspq nf thp fijnrt Stowmarket and Dlstrlct Dementla Community Group.. This fund relates to income received specifically for the pruposes of the fund. Wlndows & Doors.. The income received within this fund is restrided lo the purposes set out by the fund provider. You re Welcome.. The income received within this fund is restricted to the purposes set out by the fund provider. R8pairs Cafe.. The income received wthin this fund is restricted to the purposes set out by the fund provider. Social Enterprise Fund.. The income received within this fund is restrÉcted to the purwses set out by the fvnd provider. Stow Crafters.- The income received thIn thls lund Is restmcted to the purposes set out by the Yund provider. The following restricted projects have been completed in this or the prioe year: Building Costs.. The income received wthin this fund is restricted to the purposes set out by the fund provider. Festlval Demenda Fund.. The income received within this fund is Stricted to the purposes set out by the fund provider. LWD Mernbers Club.- The income 1ve within this fund is restricted to the purposes sel out by the fur)d provider. Lunch Club.. Supported by Slowmarket Town Council and Oddfellow lo cover room hire and staff time,while keeping the costs to members as low as possible. Hand Dryers.. The income received within this fund is restricted to Ihe purposes set out by the fund provider. Haughley Bequest.. This £10.000 funding was provided through Ihe bequest of a lady and facilitated through a local funeral director. Lights & Electrical Upgrades.. The in¢ome received within this fund is restricted to the PUTposes set out by the fund provider. -24-
Mid Suffolk Voluntary Organisations Forum Company Limited by Guarantee Notes to the financial statements (continued) Year ended 31 March 2025 17. Analysis of net assets between funds As at 31 March 2025 Unrestricted Funds Restricted Total Funds Funds 2025 Tangible fixed assets Net current assets 14.108 34.807 1,915.474 47,182 1,929,582 81,989 Net assets 48.915 1,962,656 2,011,571 As at 31 March 2024 Unrestricted Funds Restricted Total Funds Funds 2024 Tangible fixed asset5 Net current assets 14.964 45.717 1,952,329 53.422 1.967,293 99,139 Net assets 60,681 2.005,751 2,066.432 18. Related partles Other than a5 elsewhere disclosed in the accounts. there were no related party transactÉons in this or the previous year. .25-