Company registration number: 03867757 Charity registration number: 1079880
Rushcliffe Community and Voluntary Service
(A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 March 2024
Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL
Rushcliffe Community and Voluntary Service
Contents
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 to 8 |
| Balance Sheet | 9 |
| Notes to the Financial Statements | 10 to 19 |
Rushcliffe Community and Voluntary Service
Reference and Administrative Details
Trustees Philip Gronow Jane Hawthorn John Gray Alexander Julian Beverley Wormald Gillian Stevenson Michael Rose Secretary Carolyn Perry Senior Management Team Chief Executive Officer, Carolyn Perry Charity Registration Number 1079880 Company Registration Number 03867757 Registered Office Cotgrave Hub Rivermead Cotgrave Nottingham NG12 3UQ Independent Examiner John O'Brien, employee of Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL
Page 1
Rushcliffe Community and Voluntary Service
Trustees' Report
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 March 2024.
Trustees and officers
The trustees and officers serving during the year and since the year end were as follows:
Trustees: Philip Gronow Jane Hawthorn Richard McCallum (resigned 17 October 2023) John Gray Alexander Julian Beverley Wormald Gillian Stevenson Michael Rose (appointed 2 November 2023) Secretary: Carolyn Perry
Structure, governance and management
Nature of governing document
The charity is a company limited by guarantee and registered charity. It is operated under the rules of its memorandum and articles of association adopted 28 October 1999 and most recently amended 22 October 2009. It has no share capital and the liability of each member in the event of winding-up is limited to £1.
Recruitment and appointment of trustees
The procedures to be observed are contained in the RCVS Memorandum and Articles of Association adopted on 22nd October 2009.
At each AGM one-third of trustees retire from office. The trustees retiring are decided according to length of service. The AGM elects trustees and honorary officers by vote through a show of hands or by proxy vote. Each member has one vote.
Trustees may be elected at the AGM:
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If recommended for re-election by the trustees;
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If nominated by a member of RCVS not less than 14 nor more than 35 clear days before the date of the meeting.
Trustees may appoint a person who is willing to act as a trustee but they must retire at the next AGM. The number of trustees will be not less than 6 and not more than 15.
Page 2
Rushcliffe Community and Voluntary Service
Trustees' Report
Objectives and activities
Objects and aims
The objects of the company shall be to promote any charitable purpose for the benefit of the community principally, but not exclusively for the local government district of Rushcliffe and in particular, the advancement of education, the protection of health and the relief of poverty, distress and sickness: and in the furtherance of said purpose, but not otherwise to promote and organise co-operation in the achievement of same and to that end to bring together representatives of the voluntary organisations and statutory authorities within the area of benefit.
Rushcliffe Community and Voluntary Service provides advice, information and support to voluntary and community organisations across the Borough of Rushcliffe and delivers a range of health and social welfare services. We work closely with partner organisations across all sectors.
Achievements and performance, including public benefit
RCVS’s activities benefit voluntary sector organisations, individuals and the interaction between the statutory sector and the voluntary and community sector in the South of Nottinghamshire. The Board of Trustees have considered public benefit and concluded that:
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The aims of the organisation continue to be charitable;
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The aims and the services delivered give identifiable benefits to the charitable sector and both indirectly and directly to individuals in need;
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The benefits are for the public, are not unreasonably restricted in any way and not by ability to pay;
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There is no detriment or harm arising from the aims or activities.
As a local development and support organisation Rushcliffe Community & Voluntary Service (RCVS) provides services to local voluntary organisations, community groups, charities, faith groups, and others who wish to promote, support or engage in local voluntary action. These services enable organisations and individuals to deliver better services to members of the public who live or work in Rushcliffe and Broxtowe.
We achieve this by:
• Providing information and advice to voluntary and community groups on all issues relating to good practice in volunteer management, including recruitment, training and supporting volunteers, advise on policy when involving volunteers;
• Helping people find voluntary work to suit their interests and skills, acting as a broker between those that want to volunteer and organisations that need them;
• Providing support to voluntary organisations with funding advice, training, advice and information on legal structures and governance and most other issues relating to the community and voluntary sector;
• Supporting older people to access services and support through our older people’s projects.
During the year RCVS has remained committed to delivering a wide range of high quality support services to local voluntary and community groups and organisations across Broxtowe and Rushcliffe, adapting our approach to meet the changing needs of the diverse communities we serve.
We continued to provide a much needed and valued services to meet the needs of older and vulnerable people through our Community Transport, Befriending, Handy Housekeeper services, and continued to provide shopping and prescription collection to those that needed it.
Page 3
Rushcliffe Community and Voluntary Service
Trustees' Report
During the year, an increase in uptake of our independent living services was evident, with demand for our services continuing to grow. Over the year, our transport scheme supported 422 passengers to get out and about to shops, social and recreational activities, and primary care appointments, with support from 115 volunteers.
The Befriending service benefited 186 people in the community, with 95 volunteers supporting the service.
Our Volunteer Centre saw a slight increase in activity during the year:
We had contact with 448 potential volunteers, all of whom were offered appropriate opportunities to suit their skills and interests. 186 are known to be placed. We have undertaken direct work with 19 volunteer involving organisations to help them implement good practice, and assisted with the development of 86 new volunteering opportunities.
RCVS is active on social media posting articles on Facebook, Twitter and Linkedin. We currently have 1,400 followers on Twitter and 700 followers on Facebook with numbers and our reach growing daily. Social media is an important channel to ensure that our information reaches the people who need it or who could benefit from it.
For more information, see our Annual Impact Report.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Financial review
We ended the year with a surplus of about £39,000 which was better than anticipated.
Policy on reserves
The Trustees have agreed that adequate reserves should be maintained to cover potential closure (redundancy) costs, project contingencies, general variations in income generation and cash flow; this amounts to £130,000. The remaining unrestricted reserves will be used to extend the charity’s reach, expand existing services and develop new services to meet community needs. Total unrestricted free reserves are about £370,000.
Major risks and management of those risks
Financial risks
Our balance sheet is strong and we have significant unrestricted reserves. A modest surplus is expected in the current financial year. In the short term it is more important to build capacity to grow charitable benefit.
Page 4
Rushcliffe Community and Voluntary Service
Trustees' Report
Statement of Responsibilities
The trustees (who are also the directors of Rushcliffe Community and Voluntary Service for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies.
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they 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 its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them 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 trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small companies provision statement
This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
The annual report was approved by the trustees of the charity on 24 October 2024 and signed on its behalf by:
......................................... John Gray Trustee
Page 5
Rushcliffe Community and Voluntary Service
Independent Examiner's Report to the trustees of Rushcliffe Community and Voluntary Service ('the Company')
Independent examiner’s report to the trustees of Rushcliffe Community and Voluntary Service ('the Company')
I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2024.
Responsibilities and basis of report
As the charity’s 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 charity’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 examiner’s statement
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 and Fellow of the Association of Charity Independent Examiners, 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:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
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the accounts 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 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
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.
......................................
John O'Brien MSc, FAIA, FCCA, FCIE, employee of Community Accounting Plus Fellow of the Association of Charity Independent Examiners
Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL
Date:.............................
Page 6
Rushcliffe Community and Voluntary Service
Statement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
| Note Income and Endowments from: Donations and legacies 2 Charitable activities 3 Investment income 5 Total Income Expenditure on: Charitable activities 7 Total Expenditure Net income/(expenditure) Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 16 |
Unrestricted £ 89,425 106,628 6,661 202,714 (160,888) (160,888) 41,826 41,826 328,779 370,605 |
Restricted £ - 172,321 - 172,321 (174,975) (174,975) (2,654) (2,654) 43,922 41,268 |
Total 2024 £ 89,425 278,949 6,661 375,035 (335,863) (335,863) 39,172 39,172 372,701 411,873 |
Total 2023 £ 120,876 253,552 2,865 |
|---|---|---|---|---|
| 377,293 | ||||
| (276,708) | ||||
| (276,708) | ||||
| 100,585 | ||||
| 100,585 272,116 |
||||
| 372,701 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for the period is shown in note 16.
The notes on pages 10 to 19 form an integral part of these financial statements. Page 7
Rushcliffe Community and Voluntary Service
Statement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
These are the figures for the previous accounting period and are included for comparative purposes
| Note Income and Endowments from: Donations and legacies 2 Charitable activities 3 Investment income 5 Total Income Expenditure on: Charitable activities 7 Total Expenditure Net income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 16 |
Unrestricted £ 120,876 81,415 2,865 205,156 (144,830) (144,830) 60,326 60,326 268,453 328,779 |
Restricted £ - 172,137 - 172,137 (131,878) (131,878) 40,259 40,259 3,663 43,922 |
Total 2023 £ 120,876 253,552 2,865 |
|---|---|---|---|
| 377,293 | |||
| (276,708) | |||
| (276,708) | |||
| 100,585 | |||
| 100,585 272,116 |
|||
| 372,701 |
The notes on pages 10 to 19 form an integral part of these financial statements. Page 8
Rushcliffe Community and Voluntary Service
(Registration number: 03867757) Balance Sheet as at 31 March 2024
| Note Fixed assets Tangible assets 12 Current assets Debtors 13 Cash at bank and in hand Creditors: Amounts falling due within one year 14 Net current assets Net assets Funds of the charity: Restricted income funds Restricted funds Unrestricted income funds Unrestricted funds Total funds 16 |
2024 £ 860 12,789 409,238 422,027 (11,014) 411,013 411,873 41,268 370,605 411,873 |
2023 £ 2,344 16,722 381,672 |
|---|---|---|
| 398,394 (28,037) |
||
| 370,357 | ||
| 372,701 | ||
| 43,922 328,779 |
||
| 372,701 |
For the financial year ending 31 March 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
The financial statements on pages 7 to 19 were approved by the trustees, and authorised for issue on 24 October 2024 and signed on their behalf by:
......................................... John Gray Trustee
The notes on pages 10 to 19 form an integral part of these financial statements. Page 9
Rushcliffe Community and Voluntary Service
Notes to the Financial Statements for the Year Ended 31 March 2024
1 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
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)) (issued in 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.
Basis of preparation
Rushcliffe Community and Voluntary Service meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Going concern
The financial statements have been prepared on a going concern basis.
The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.
Exemption from preparing a cash flow statement
Under the exemption available to smaller charities the Board of Trustees has chosen not to include a Statement of Cash Flows within the financial statements.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
Grants receivable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
Page 10
Rushcliffe Community and Voluntary Service
Notes to the Financial Statements for the Year Ended 31 March 2024
Deferred income
Deferred income represents amounts received for future periods and is released to incoming resources in the period for which, it has been received. Such income is only deferred when:
- The donor specifies that the grant or donation must only be used in future accounting periods; or - The donor has imposed conditions which must be met before the charity has unconditional entitlement.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £500.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
| Asset class | Depreciation method and rate |
|---|---|
| General equipment | 25.0% straight line |
| IT equipment | 33.3% straight line |
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
Page 11
Rushcliffe Community and Voluntary Service
Notes to the Financial Statements for the Year Ended 31 March 2024
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.
Restricted income funds are those grants for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Pensions and other post retirement obligations
The charity operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the charity. Pension costs charges in the Statement of Financial Activities represent the contributions payable by the charity during the year.
2 Income from donations and legacies
| Donations and legacies; Donations from individuals Gift aid reclaimed Grants, including capital grants; Government grants Grants from companies |
Unrestricted funds General £ 44 130 27,000 62,251 89,425 |
Total 2024 £ 44 130 27,000 62,251 89,425 |
Total 2023 £ 256 - 22,000 98,620 |
|---|---|---|---|
| 120,876 |
3 Income from charitable activities
| Grants Sales & fees Sundry receipts Shopping reimbursements Fundraising |
Unrestricted funds General £ - 98,797 - 7,809 22 106,628 |
Restricted funds £ 172,321 - - - - 172,321 |
Total 2024 £ 172,321 98,797 - 7,809 22 278,949 |
Total 2023 £ 172,137 73,495 723 7,197 - |
|---|---|---|---|---|
| 253,552 |
Page 12
Rushcliffe Community and Voluntary Service
Notes to the Financial Statements for the Year Ended 31 March 2024
| 4 Grants & donations Notts County Council Ashfield Voluntary Action NHS Charities Prison Advice and Care Trust Rushcliffe Borough Council Mansfield CVS Nottingham CVS Gedling Borough Council NHS Nottm & Notts ICB The National Lottery Community Fund Co-operative Community Fund ABL Health Rural Communities Action Notts (RCAN) Gift Aid Sundry grants & donations 5 Investment income Interest receivable and similar income; Interest receivable on bank deposits 6 Net incoming/outgoing resources Net incoming resources for the year include: Depreciation of fixed assets |
General funds £ - 23,452 - 15,699 15,000 12,000 23,000 - - - - - - 130 144 89,425 Unrestricted funds General £ 6,661 |
Restricted funds £ 30,257 - 44,526 - - 23,560 - 21,750 29,500 9,332 1,721 6,268 3,400 - 2,007 172,321 Total 2024 £ 6,661 2024 £ 2,774 |
Total £ 30,257 23,452 44,526 15,699 15,000 35,560 23,000 21,750 29,500 9,332 1,721 6,268 3,400 130 2,151 |
|---|---|---|---|
| 261,746 | |||
| Total 2023 £ 2,865 |
|||
| 2023 £ 2,556 |
Page 13
Rushcliffe Community and Voluntary Service
Notes to the Financial Statements for the Year Ended 31 March 2024
7 Expenditure on charitable activities
| Equipment, repairs & renewals Insurance Marketing & promotions Postage Printing & photocopying Professional fees Publications & subscriptions Recruitment Rent & premises maintenance Room hire & events Salaries, NIC & pensions Staff expenses Staff training Stationery & office supplies Telephone & IT Volunteer expenses Management & office costs Depreciation Sundry expenditure Bank charges Bad debts Shopping expenses Hospitality & refreshments Grants awarded |
Unrestricted funds General £ 201 1,800 933 1,197 996 2,365 329 94 11,006 334 157,003 1,463 - 1,527 7,685 334 (37,962) 2,774 - 1,187 163 7,451 8 - 160,888 |
Restricted funds £ 222 - 81 - 946 - 164 - - 345 115,397 350 - 65 1,567 1,345 37,962 - - - - 20 3 16,508 174,975 |
Total 2024 £ 423 1,800 1,014 1,197 1,942 2,365 493 94 11,006 679 272,400 1,813 - 1,592 9,252 1,679 - 2,774 - 1,187 163 7,471 11 16,508 335,863 |
Total 2023 £ 118 1,620 1,710 1,442 63 3,397 384 542 9,663 375 228,815 527 1,124 1,624 12,944 1,240 - 2,556 20 951 184 7,409 - - |
|---|---|---|---|---|
| 276,708 |
8 Trustees remuneration and expenses
During the period, two Trustees were volunteer drivers who, in common with all volunteer drivers, receive mileage expenses at 45p per mile.
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
Page 14
Rushcliffe Community and Voluntary Service
Notes to the Financial Statements for the Year Ended 31 March 2024
9 Staff costs
The aggregate payroll costs were as follows:
| Staff costs during the year were: Wages and salaries Social security costs Pension costs |
2024 £ 252,696 8,974 10,730 272,400 |
2023 £ 215,019 5,559 8,237 |
|---|---|---|
| 228,815 |
The monthly average number of persons (including senior management team) employed by the charity during the year was as follows:
| Average number of employees | 2024 No 27 |
2023 No 24 |
|---|---|---|
12 (2023 - 10) of the above employees participated in the Defined Contribution Pension Schemes.
Contributions to the employee pension schemes for the year totalled £10,730 (2023 - £8,237).
No employee received emoluments of more than £60,000 during the year.
The total employee benefits of the key management personnel of the charity were £38,179 (2023 - £31,580).
10 Fees payable to independent examiner
During the period, the fees payable (excluding VAT) to the charity’s independent examiner Community Accounting Plus are analysed as follows:
| Accounting Plus are analysed as follows: | ||
|---|---|---|
| Independent examination | 2024 £ 965 965 |
2023 £ 875 |
| 875 |
11 Charity status
The charity is a company limited by guarantee and consequently does not have share capital. Each member is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.
Page 15
Rushcliffe Community and Voluntary Service
Notes to the Financial Statements for the Year Ended 31 March 2024
12 Tangible fixed assets
| Cost At 1 April 2023 Additions At 31 March 2024 Depreciation At 1 April 2023 Charge for the year At 31 March 2024 Net book value At 31 March 2024 At 31 March 2023 13 Debtors Trade debtors Prepayments 14 Creditors: amounts falling due within one year Other creditors Deferred income |
General equipment £ 2,675 - |
IT equipment £ 14,372 1,290 |
Total £ 17,047 1,290 18,337 14,703 2,774 17,477 860 2,344 2023 £ 13,191 3,531 |
||
|---|---|---|---|---|---|
| 2,675 | 15,662 | ||||
| 2,675 - |
12,028 2,774 |
||||
| 2,675 | 14,802 | ||||
| - | 860 | ||||
| - | 2,344 | ||||
| 2024 £ 8,794 3,995 12,789 2024 £ 4,014 7,000 11,014 |
|||||
| 16,722 | |||||
| 2023 £ 5,037 23,000 |
|||||
| 28,037 |
15 Commitments
Capital commitments
The premises lease for Cotgrave Hub started on 30th November 2018 and is for 5 years at £6,000 per annum. There is a 3 month break clause within the lease. The renewal of the lease from November 2023 onwards is currently under negotiation with Rushcliffe Borough Council.
The total amount contracted for but not provided in the financial statements was £Nil (2023 - £Nil).
Page 16
Rushcliffe Community and Voluntary Service
Notes to the Financial Statements for the Year Ended 31 March 2024
| 16 Funds Unrestricted funds General General Restricted funds Voluntary Transport scheme (VTS) Health Inequality Events South Notts Befriending South Notts Community Development Lottery Partnership Infrastructure Support ABL Community Development PH Investing in Communities Total restricted funds Total funds Unrestricted funds General General Restricted Voluntary Transport scheme (VTS) One step at a time South Notts Befriending South Notts Community Development Lottery Partnership Infrastructure Support Total restricted funds Total funds |
Balance at 1 April 2023 £ 328,779 - - 16,806 1,543 5,112 20,461 - - 43,922 372,701 Balance at 1 April 2022 £ 268,453 671 1,623 1,369 - - - 3,663 272,116 |
Incoming resources £ 202,714 23,478 12,000 44,525 39,250 9,332 26,960 6,268 10,508 172,321 375,035 Incoming resources £ 205,156 38,577 14,623 59,490 17,750 15,627 26,070 172,137 377,293 |
Resources expended £ (160,888) (23,478) (238) (58,867) (28,072) (13,266) (32,887) (7,659) (10,508) (174,975) (335,863) Resources expended £ (144,830) (39,248) (16,246) (44,053) (16,207) (10,515) (5,609) (131,878) (276,708) |
Balance at 31 March 2024 £ 370,605 - 11,762 2,464 12,721 1,178 14,534 (1,391) - |
|---|---|---|---|---|
| 41,268 | ||||
| 411,873 | ||||
| Balance at 31 March 2023 £ 328,779 - - 16,806 1,543 5,112 20,461 |
||||
| 43,922 | ||||
| 372,701 |
Page 17
Rushcliffe Community and Voluntary Service
Notes to the Financial Statements for the Year Ended 31 March 2024
The specific purposes for which the funds are to be applied are as follows:
The Voluntary Transport Scheme provides a responsive, accessible and flexible service to enable people to live independently, participate in their community and to access social activities, health appointments, shopping, education and other services.
Health Inequalities project: South Notts Place Based Partnership, the objects of the fund is to facilitate community engagement activities linking with health inequalities, innovation and investment in four neighbourhoods with the highest inequalities.
South Notts Befriending: Funded through NHS Charities Trust supports those who are lonely and isolated. It is a personalised, holistic befriending service tailored to individual needs which includes face to face and telephone befriending, as well as supporting people to take part in local community activities.
The South Notts Community Development project: The project develops, supports and promotes voluntary and community action in Rushcliffe and Broxtowe, and supports Integrated Working in Cotgrave and Eastwood.
The Lottery Partnership: Funded through The National Lottery Community Fund is a project taking place in Mid and South Nottinghamshire. Working in partnership with Newark and Sherwood CVS the core principle of this project is to provide the best quality services to our communities and beneficiaries; we believe this will be achieved by working together to explore ways of sharing resources and developing services.
The Infrastructure support project: Provides infrastructure and volunteer brokerage support to the voluntary and community sector across Broxtowe and Rushcliffe.
ABL Community Development: The project works in communities across South Nottinghamshire, to enable and empower people and communities to lead healthier and happier lives and supports the transformation of services for local people. The funding is paid one month in arrears, so further funding was due and received in the 2024-25 financial year.
PH Investing in Communities project: Supports community development approaches in Gedling and Hucknall. In addition, it supports a small grants ‘Growth Fund’ for small grassroots community groups across the South Notts Place Based Partnership.
Last year there was also the One Step at a Time: Funded by NHS Charities Trust, this project focuses on the initial first step of getting people back out of their houses in a way that keeps them safe and ensures that they also feel confident to leave the house after months of staying home. This is identified as a need to help address a lack of physical activity and the negative impacts of social isolation and loneliness.
17 Analysis of net assets between funds
| 17 Analysis of net assets between funds | |||
|---|---|---|---|
| Tangible fixed assets Current assets Current liabilities Total net assets |
Unrestricted General £ 860 380,759 (11,014) 370,605 |
Restricted £ - 41,268 - 41,268 |
2024 Total funds £ 860 422,027 (11,014) |
| 411,873 |
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Rushcliffe Community and Voluntary Service
Notes to the Financial Statements for the Year Ended 31 March 2024
| Tangible fixed assets Current assets Current liabilities Total net assets |
Unrestricted General £ 2,344 354,472 (28,037) 328,779 |
Restricted £ - 43,922 - 43,922 |
2023 Total funds £ 2,344 398,394 (28,037) |
|---|---|---|---|
| 372,701 |
18 Related party transactions
There were no related party transactions in the year.
19 Taxation
The charity is a registered charity and is therefore exempt from taxation.
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