**COMPANY REGISTRATION NUMBER: 03954998 CHARITY REGISTRATION NUMBER: 1082478** 

## **The Voluntary Network** 

**Company Limited by Guarantee Unaudited Financial Statements** 

**For the year ended** 

**31 March 2023** 



## **The Voluntary Network** 

## **Company Limited by Guarantee** 

## **Financial Statements** 

## **Year ended 31 March 2023** 

||**Pages**|
|---|---|
|Trustees' annual report (incorporating the director's report)|**1 to 3**|
|Independent examiner's report to the trustees|**4**|
|Statement of financial activities (including income and expenditure account)|**5**|
|Statement of financial position|**6**|
|Statement of cash flows|**7**|
|Notes to the financial statements|**8 to 16**|





## **The Voluntary Network** 

## **Company Limited by Guarantee** 

## **Trustees' Annual Report (Incorporating the Director's Report)** 

## **Year ended 31 March 2023** 

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2023. 

## **Reference and administrative details** 

|**Registered charity name**|The Voluntary Network||
|---|---|---|
|**Charity registration number**|1082478||
|**Company registration number**|03954998||
|**Principal office and registered**|The Racing Centre||
|**office**|Fred Archer Way||
||Newmarket||
||England||
||CB8 8NT||
|**The trustees**|H R Saltmarsh|(Resigned 1 June 2022)|
||F M Saltmarsh||
||T Kerby||
||R J K Laird||
||J G R Miller||
|**COMPANY SECRETARY**|C L Robinson||
|**INDEPENDENT EXAMINER**|Shane Tharby FCA||
||For and on behalf of||
||Streets Chartered Accountants||
||3 Wellbrook Court||
||Girton||
||Cambridge||
||CB3 0NA||



## **Structure, governance and management** 

The Voluntary Network ("TVN") is a company limited by guarantee governed by its Memorandum and Articles of Association dated 23 March 2000.  It is registered as a charity with the Charity Commission.  Anyone may become a member of the company and each member agrees to contribute £1 in the event of the charity winding up. 

The charity is governed by the trustees who may be co-opted subject to formal election by the members of the company in accordance with the Memorandum and Articles. Day to day management is delegated to the General Manager who is assisted by support staff. 

**- 1 -** 



## **The Voluntary Network** 

## **Company Limited by Guarantee** 

## **Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_ 

## **Year ended 31 March 2023** 

## **Structure, governance and management** _**(continued)**_ 

For the purpose of the Companies Act 2006 all trustees are deemed to be directors. 

Members and others are circulated with invitations prior to the AGM advising them of any retiring trustees and requesting nominations for potential trustees. When co-opting trustees the board has regard to the skills and attributes any individual may bring to the charity. 

## Organisation 

The board of trustees administer the charity and usually meet every two months. A General Manager is appointed by the board to manage the day-to-day operations of the charity. To facilitate effective operations the General Manager has delegated authority for operational matters including finance and employment. 

## Risk management 

The trustees have assessed the major risks to which the charity is exposed and established systems and procedures to mitigate exposure to the major risks. 

## **Objectives and activities** 

The purpose of the charity is to provide a public benefit of promoting and enabling community cohesion and reducing social and rural isolation for all residents of our area of operation, enabling any resident to fully participate within the community and enjoy their own independent life styles. Our work applies particularly to the more vulnerable members of our society. 

This purpose is currently realised by our provision of: 

## (a) Community transport projects. 

## (b) A Befriending Service 

The trustees aim to provide sustainable services at high standards of delivery within the constraints of ever changing funding, regulation and political change all of which currently leads us in to a more commercial environment and possible diversification so as to secure our future. 

## **Achievements and performance** 

## Community Transport 

The Voluntary Network operates various Community Transport projects. We operate the Connecting Communities service for Forest Heath and St Edmundsbury, alongside Community Transport services for neighbouring areas and East and South Cambridgeshire. 

Our services are continuing to rebuild Post Covid, with a steady increase of passenger journeys.  Our services are however operating under restricted funding and we look forward to negotiating our new contract with Suffolk County Council. 

**- 2 -** 



## **The Voluntary Network** 

## **Company Limited by Guarantee** 

## **Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_ 

## **Year ended 31 March 2023** 

## **Achievements and performance** _**(continued)**_ 

## Befriending Service 

We operate a Befriending Service which provides support and companionship across West Suffolk for those who would otherwise be lonely and isolated.  Our team of volunteers are in contact once a week with clients, either by telephone or face to face. 

We have further extended our Befriending activities with the introduction of our pen pal project.  We work in partnership with a locally primary school to support 60 clients.  We will look to extend our intergenerational work in the future. 

## Volunteers 

The Voluntary Network is supported by a team of over 250 volunteers, for both Community Transport and our Befriending Service. We are very grateful for the time that they offer enabling us to provide excellent support to so many. 

## **Financial review** 

Our accounts to 31 March 2023 reflect a net outward movement of funds of £239,252. 

We are operating in a challenging financial environment, establishing financial sustainability is key to our future success. 

The current financial year has been very challenging, in particular the funding provided for Connecting Communities contract, which has been insufficient. TVN have carried out a full operational review, leading to a reduction in our operational provision. We are now looking forward to a more viable and positive future, including a new contract with Suffolk County Council and new extension projects. 

## Reserves policy 

The trustees regard the current level of reserves to be adequate for immediate needs but remain wary of the financial risks involved particularly where full project funding is not achieved. 

## **Small company provisions** 

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. 

The trustees' annual report was approved on .............................. and signed on behalf of the board of trustees by: 

## J G R Miller 

Trustee 

**- 3 -** 



## **The Voluntary Network** 

## **Company Limited by Guarantee** 

## **Independent Examiner's Report to the Trustees of The Voluntary Network** 

## **Year ended 31 March 2023** 

I report to the trustees on my examination of the financial statements of The Voluntary Network ('the charity') for the year ended 31 March 2023. 

## **Responsibilities and basis of report** 

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements 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 the 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 charity’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 Institute of Chartered Accountants in England and Wales (ICAEW), 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: 

1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or 

2. the financial statements do not accord with those records; or 

3. the financial statements 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 

4. 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 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. 

Shane Tharby FCA Independent Examiner For and on behalf of Streets Chartered Accountants 3 Wellbrook Court Girton Cambridge CB3 0NA 

**- 4 -** 



## **The Voluntary Network** 

## **Company Limited by Guarantee** 

## **Statement of Financial Activities (including income and expenditure account)** 

## **Year ended 31 March 2023** 

||||**2023**||2022|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|||
|||funds|funds|**Total funds**|Total funds|
||**Note**|**£**|**£**|**£**|£|
|**Income and endowments**||||||
|Donations and legacies|**4**|–|78,877|78,877|60,499|
|Charitable activities|**5**|514,661|–|514,661|739,000|
|Other trading activities|**6**|175|–|175|2,345|
|Investment income|**7**|1,979|–|1,979|49|
|||`─────────`|`────────`|`─────────`|`─────────`|
|**Total income**||516,815|78,877|595,692|801,893|
|||`═════════`|`════════`|`═════════`|`═════════`|
|**Expenditure**||||||
|Expenditure on raising funds:||||||
|Costs of raising donations and||||||
|legacies|**8**|–|–|–|1,478|
|Expenditure on charitable activities|**9,10**|752,692|78,877|831,569|764,257|
|||`─────────`|`────────`|`─────────`|`─────────`|
|**Total expenditure**||752,692|78,877|831,569|765,735|
|||`═════════`|`════════`|`═════════`|`═════════`|
|||`─────────`|`────────`|`─────────`|`─────────`|
|**Net (expenditure)/income and net**|**movement**|||||
|**in funds**||(235,877)|–|(235,877)|36,158|
|||`═════════`|`════════`|`═════════`|`═════════`|
|**Reconciliation of funds**||||||
|Total funds brought forward||396,408|–|396,408|360,250|
|||`─────────`|`────────`|`─────────`|`─────────`|
|**Total funds carried forward**||160,531<br>`═════════`|–<br>`════════`|160,531<br>`═════════`|396,408<br>`═════════`|



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

**The notes on pages 8 to 16 form part of these financial statements.** 

**- 5 -** 



## **The Voluntary Network** 

## **Company Limited by Guarantee** 

## **Statement of Financial Position** 

## **31 March 2023** 

|||**2023**||2022||
|---|---|---|---|---|---|
||**Note**|**£**|**£**|£|£|
|**Fixed assets**||||||
|Tangible fixed assets|**16**||45,683||68,655|
|**Current assets**||||||
|Debtors|**17**|77,520||231,569||
|Cash at bank and in hand||99,017||146,177||
|||`─────────`||`─────────`||
|||176,537||377,746||
|**Creditors: amounts falling due within**||||||
|**one year**|**18**|61,689||49,993||
|||`─────────`||`─────────`||
|**Net current assets**|||114,848||327,753|
||||`─────────`||`─────────`|
|**Total assets less current liabilities**|||160,531||396,408|
||||`─────────`||`─────────`|
|**Net assets**|||160,531||396,408|
||||`═════════`||`═════════`|
|**Funds of the charity**||||||
|Unrestricted funds|||160,531||396,408|
||||`─────────`||`─────────`|
|**Total charity funds**|**20**||160,531<br>`═════════`||396,408<br>`═════════`|



For the year ending 31 March 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 

Directors' responsibilities: 

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476; 

- The directors acknowledge their responsibilities for complying with the requirements of the Act 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 subject to the small companies' regime. 

These financial statements were approved by the board of trustees and authorised for issue on ........................, and are signed on behalf of the board by: 

J G R Miller Trustee 

**The notes on pages 8 to 16 form part of these financial statements.** 

**- 6 -** 



## **The Voluntary Network** 

## **Company Limited by Guarantee** 

## **Statement of Cash Flows** 

## **Year ended 31 March 2023** 

||**2023**|2022|
|---|---|---|
||**£**|£|
|**Cash flows from operating activities**|||
|Net (expenditure)/income|(235,877)|36,158|
|_Adjustments for:_|||
|Depreciation of tangible fixed assets|25,197|27,728|
|Other interest receivable and similar income|(1,979)|(49)|
|_Changes in:_|||
|Trade and other debtors|154,049|(117,523)|
|Trade and other creditors|11,696|24,491|
||`─────────`|`─────────`|
|Cash generated from operations|(46,914)|(29,195)|
|Interest received|1,979|49|
||`────────`|`────────`|
|Net cash used in operating activities|(44,935)|(29,146)|
||`════════`|`════════`|
|**Cash flows from investing activities**|||
|Purchase of tangible assets|(2,225)|(290)|
||`────────`|`────────`|
|Net cash used in investing activities|(2,225)|(290)|
||`════════`|`════════`|
|**Net decrease in cash and cash equivalents**|(47,160)|(29,436)|
|**Cash and cash equivalents at beginning of year**|146,177|175,613|
||`─────────`|`─────────`|
|**Cash and cash equivalents at end of year**|99,017|146,177|
||`═════════`|`═════════`|



**The notes on pages 8 to 16 form part of these financial statements.** 

**- 7 -** 



## **The Voluntary Network** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** 

## **Year ended 31 March 2023** 

## **1. General information** 

The charity is a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is The Racing Centre, Fred Archer Way, Newmarket, England, CB8 8NT. 

The charity is a public benefit entity as defined by FRS 102. 

## **2. Statement of compliance** 

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006. 

## **3. Accounting policies** 

## **Basis of preparation** 

The financial statements have been prepared on the historical cost basis. 

The financial statements are prepared in sterling, which is the functional currency of the entity. 

## **Going concern** 

There are no material uncertainties about the charity's ability to continue. 

## **Judgements and key sources of estimation uncertainty** 

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. 

## Significant judgements 

There are no judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies. 

## **Fund accounting** 

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. 

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. 

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, or in accordance with the contract terms. 

**- 8 -** 



## **The Voluntary Network** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2023** 

## **3. Accounting policies** _**(continued)**_ 

## **Incoming resources** 

All income is included in the statement of financial activities when entitlement 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 to particular categories of income: 

- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. 

- income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. 

## **Resources expended** 

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: 

- expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. 

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. 

## **Tangible assets** 

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. 

## **Depreciation** 

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: 

Motor vehicles - 20% straight line - Equipment 20% and 33.33% straight line 

**Impairment of fixed assets** 

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. 

**- 9 -** 



## **The Voluntary Network** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2023** 

## **3. Accounting policies** _**(continued)**_ 

## **Impairment of fixed assets** _**(continued)**_ 

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. 

## **Financial instruments** 

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. 

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. 

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. 

## **Defined contribution plans** 

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. 

## **4. Donations and legacies** 

||Restricted|**Total Funds**|Restricted|Total Funds|
|---|---|---|---|---|
||Funds|**2023**|Funds|2022|
||£|**£**|£|£|
|**Donations**|||||
|Donations|8,886|8,886|15,425|15,425|
|**Grants**|||||
|Grants receivable|69,991|69,991|45,074|45,074|
||`────────`|`────────`|`────────`|`────────`|
||78,877|78,877|60,499|60,499|
||`════════`|`════════`|`════════`|`════════`|



The majority of income is received by way of grant funding generally for restricted purposes. During the year the following bodies provided grants. 

|year the following bodies provided grants.|||
|---|---|---|
||2023|2022|
||**£**|£|
|Forest Heath District Council and St. Edmundsbury|39,430|35,900|
|South Cambridge District Council|3,000|3,000|
|Haverhill Town Council|10,000|–|
|BSOG|12,181|6,174|
|Newmarket Festival|5,000|–|
|Other|380|–|
||`────────`|`────────`|
||69,991|45,074|
||`════════`|`════════`|



**- 10 -** 



## **The Voluntary Network** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2023** 

## **5. Charitable activities** 

|||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|---|---|---|---|---|---|
|||Funds|**2023**|Funds|2022|
|||£|**£**|£|£|
||Expenses recovered|17,419|17,419|19,634|19,634|
||Transport fares|116,032|116,032|89,422|89,422|
||Minibus hire|371,182|371,182|624,849|624,849|
||Other income|10,028|10,028|5,095|5,095|
|||`─────────`|`─────────`|`─────────`|`─────────`|
|||514,661|514,661|739,000|739,000|
|||`═════════`|`═════════`|`═════════`|`═════════`|
|**6.**|**Other trading activities**|||||
|||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|||Funds|**2023**|Funds|2022|
|||£|**£**|£|£|
||Trading income|175|175|2,345|2,345|
|||`════`|`════`|`═══════`|`═══════`|
|**7.**|**Investment income**|||||
|||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|||Funds|**2023**|Funds|2022|
|||£|**£**|£|£|
||Bank interest receivable|1,979|1,979|49|49|
|||`═══════`|`═══════`|`════`|`════`|
|**8.**|**Costs of raising donations and legacies**|||||
|||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|||Funds|**2023**|Funds|2022|
|||£|**£**|£|£|
||Trading costs|–|–|1,478|1,478|
|||`════`|`════`|`═══════`|`═══════`|



**- 11 -** 



## **The Voluntary Network** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2023** 

## **9. Expenditure on charitable activities by fund type** 

||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|
||Funds|Funds|**2023**|
||£|£|**£**|
|Charitable activities|721,017|78,877|799,894|
|Support costs|31,675|–|31,675|
||`─────────`|`────────`|`─────────`|
||752,692|78,877|831,569|
||`═════════`|`════════`|`═════════`|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2022|
||£|£|£|
|Charitable activities|673,573|60,499|734,072|
|Support costs|30,185|–|30,185|
||`─────────`|`────────`|`─────────`|
||703,758|60,499|764,257|
||`═════════`|`════════`|`═════════`|



## **10. Expenditure on charitable activities by activity type** 

|||Activities||||
|---|---|---|---|---|---|
|||undertaken||**Total funds**|Total fund|
|||directly|Support costs|**2023**|2022|
|||£|£|**£**|£|
||Charitable activities|799,894|28,853|828,747|761,677|
||Governance costs|–|2,822|2,822|2,580|
|||`─────────`|`────────`|`─────────`|`─────────`|
|||799,894|31,675|831,569|764,257|
|||`═════════`|`════════`|`═════════`|`═════════`|
|**11.**|**Support costs**|||||
||||Analysis of|||
||||support costs|**Total 2023**|Total 2022|
||||£|**£**|£|
||Accommodation||28,417|28,417|27,352|
||Depreciation||436|436|253|
||Governance||2,822|2,822|2,580|
||||`────────`|`────────`|`────────`|
||||31,675|31,675|30,185|
||||`════════`|`════════`|`════════`|
|**12.**|**Net (expenditure)/income**|||||
||Net (expenditure)/income is stated after|charging/(crediting):||||
|||||**2023**|2022|
|||||**£**|£|
||Depreciation of tangible fixed assets|||25,197|27,728|
|||||`════════`|`════════`|



**- 12 -** 



## **The Voluntary Network** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2023** 

## **13. Independent examination fees** 

||**2023**|2022|
|---|---|---|
||**£**|£|
|Fees payable to the independent examiner for:|||
|Independent examination of the financial statements|2,400|2,175|
||`═══════`|`═══════`|
|**Staff costs**|||
|The total staff costs and employee benefits for the reporting period are analysed as follows:|||
||**2023**|2022|
||**£**|£|
|Wages and salaries|450,929|404,380|
|Social security costs|29,542|23,921|
|Employer contributions to pension plans|5,277|5,094|
||`─────────`|`─────────`|
||485,748<br>`═════════`|433,395<br>`═════════`|



## **14. Staff costs** 

The average head count of employees during the year was 27 (2022: 20). 

No employee received employee benefits of more than £60,000 during the year (2022: Nil). 

## **Key Management Personnel** 

Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £62,306 (2022: £59,633). 

## **15. Trustee remuneration and expenses** 

No trustee received any remuneration or expenses during the current or previous year. 

## **16. Tangible fixed assets** 

||Motor vehicles|Equipment|**Total**|
|---|---|---|---|
||£|£|**£**|
|**Cost**||||
|At 1 April 2022|343,284|12,381|355,665|
|Additions|–|2,225|2,225|
||`─────────`|`────────`|`─────────`|
|**At 31 March 2023**|343,284|14,606|357,890|
||`═════════`|`════════`|`═════════`|
|**Depreciation**||||
|At 1 April 2022|275,119|11,891|287,010|
|Charge for the year|24,761|436|25,197|
||`─────────`|`────────`|`─────────`|
|**At 31 March 2023**|299,880|12,327|312,207|
||`═════════`|`════════`|`═════════`|
|**Carrying amount**||||
|**At 31 March 2023**|43,404|2,279|45,683|
||`═════════`|`════════`|`═════════`|
|At 31 March 2022|68,165|490|68,655|
||`═════════`|`════════`|`═════════`|



**- 13 -** 



## **The Voluntary Network** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2023** 

## **17. Debtors** 

||**2023**|2022|
|---|---|---|
||**£**|£|
|Trade debtors|35,038|109,337|
|Prepayments and accrued income|23,010|101,658|
|Other debtors|19,472|20,574|
||`────────`|`─────────`|
||77,520|231,569|
||`════════`|`═════════`|
|**Creditors:** **amounts falling due within one year**|||
||**2023**|2022|
||**£**|£|
|Trade creditors|31,003|28,504|
|Accruals and deferred income|3,977|3,380|
|Social security and other taxes|26,709|18,109|
||`────────`|`────────`|
||61,689|49,993|
||`════════`|`════════`|



## **18. Creditors: amounts falling due within one year** 

## **19. Pensions and other post retirement benefits** 

## **Defined contribution plans** 

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £5,277 (2022: £5,094). 

## **20. Analysis of charitable funds** 

## **Unrestricted funds** 

|**Unrestricted funds**|||||
|---|---|---|---|---|
||At 1 April|||**At 31 March**|
||2022|Income|Expenditure|**2023**|
||£|£|£|£|
|General funds|369,531|516,815|(752,692)|133,654|
|Designated Vehicle Replacement Fund|26,877|–|–|26,877|
||`─────────`|`─────────`|`─────────`|`─────────`|
||396,408|516,815|(752,692)|160,531|
||`═════════`|`═════════`|`═════════`|`═════════`|
||At 1 April|||At 31 March|
||2021|Income|Expenditure|2022|
||£|£|£|£|
|General funds|333,373|741,394|(705,236)|369,531|
|Designated Vehicle Replacement Fund|26,877|–|–|26,877|
||`─────────`|`─────────`|`─────────`|`─────────`|
||360,250|741,394|(705,236)|396,408|
||`═════════`|`═════════`|`═════════`|`═════════`|



**- 14 -** 



## **The Voluntary Network** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2023** 

## **20. Analysis of charitable funds** _**(continued)**_ 

## Designated Fund 

Following the receipt of a generous legacy from the estate of a former user of the Charity's Dial-A-Ride service, the Trustees determined that this sum should be designated into a vehicle replacement fund. 

## **Restricted funds** 

|**Restricted funds**||||||||
|---|---|---|---|---|---|---|---|
||At|1|April|||**At 31 March**||
||||2022|Income|Expenditure||**2023**|
||||£|£|£||£|
|Community Transport|||–|77,138|(77,138)||–|
|Befriending Scheme|||–|1,739|(1,739)||–|
||||`────`|`────────`|`────────`||`────`|
||||–|78,877|(78,877)||–|
||||`════`|`════════`|`════════`||`════`|
||At|1|April|||At|31 March|
||||2021|Income|Expenditure||2022|
||||£|£|£||£|
|Community Transport|||–|50,949|(50,949)||–|
|Befriending Scheme|||–|9,550|(9,550)||–|
||||`────`|`────────`|`────────`||`────`|
||||–<br>`════`|60,499<br>`════════`|(60,499)<br>`════════`||–<br>`════`|



## Community Transport 

The charity runs a number of community transport projects as follows:- 

Dial a Ride, Suffolk Links and Wheels within Wheels services, all of which came under the new Connecting Communities branding after June 2016. 

A community car service utilising volunteer drivers and their cars which relies upon grant funding. 

All of these services, in their different modes of operation, benefit vulnerable members of the public susceptible to rural or social isolation.  Funding to support these transport projects is largely provided by Suffolk County Council, Cambridgeshire County Council and Forest Heath District Council. 

## Befriending Scheme 

The charity operates a befriending service supported by grant funding. 

**- 15 -** 



## **The Voluntary Network** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2023** 

## **21. Analysis of net assets between funds** 

|||Unrestricted|**Total Funds**|
|---|---|---|---|
|||Funds|**2023**|
|||£|**£**|
|Tangible fixed assets||45,683|45,683|
|Current assets||176,537|176,537|
|Creditors less than 1 year||(61,689)|(61,689)|
|||`─────────`|`─────────`|
|**Net assets**||160,531|160,531|
|||`═════════`|`═════════`|
|||Unrestricted|Total Funds|
|||Funds|2022|
|||£|£|
|Tangible fixed assets||68,655|68,655|
|Current assets||377,746|377,746|
|Creditors less than 1 year||(49,993)|(49,993)|
|||`─────────`|`─────────`|
|**Net assets**||396,408|396,408|
|||`═════════`|`═════════`|
|**Analysis of changes in net debt**||||
||At 1 Apr||**At 31 Mar**|
||2022|Cash flows|**2023**|
||£|£|**£**|
|Cash at bank and in hand|146,177<br>`═════════`|(47,160)<br>`════════`|99,017<br>`════════`|



## **22. Analysis of changes in net debt** 

## **23. Related parties** 

No related party transactions took place during the current or previous year. 

**- 16 -**