COMPANY REGISTRATIO1¥4 1¥4UMBER: 03954998 CHARITY REGISTRATION NUMBER: 1082478 The Voluntary Network Company Limited by Guarantee Unaudited Financial Statements For the year ended 31 March 2024
The Voluntary Network Compvdny Limited by Cuarantse Financial Statementi Year ended 31 March 2024 Pages Trllstees, annual report (in¢on)orating the directofs report) Ito4 Independent examiner's report to the tni8tee8 Statement of financial activities (including income and expendittwe account) ststement of financial position St2t¢ment of ca8b flows Note$ to the financial statements 9t018
The Voluntary Network Company Limited by Guarantee Trustee¥, Awiual Report (In¢orporAtlng the Dtreetorls Report) Year eDded 31 MArcb 2024 The Inle¢s, who are also the directors for the putP05cs of Gomp&ny lawp present their report and the unaultited rmancial statements of the ¢harity for the year ella 31 March 2024. Reference and Rdmlnfistratlve detAI8 Reglytered chArlty name The Voluntsry Network Charlty reglBtrAtlon number 1082478 Company regljtradon number 03954998 PrineipAI offlee &Thd regl•tered otTice The Racing Centrc Fred ArGher Way Newm4rket Engl&nd CB8 8NT The trustees F M Saltmar8h T Kerby RJKLaird JORMiller Company secretary C L Robin80n Independent examlner Shanc Tharf)y FCA For and on behalf of Streets Charted Accountsnts 3 Wellbrook Court Girton Cambridge CB3 ONA Structure governanee And management Th¢ Voluntary Network ("TVN ) is a company limited by 8uarantee governed by its Memorandum and Articles of Association dated 23 March 2000 and amended 27 May 2010. It is regi8teTed as a Charity with the Charity Commission. Anyone may become a rnctnb¢r of the ¢ompany and each member agrccs to Gontrlbute £l in th¢ event of the charity winding up. The ¢JJarity is governed by the trustees who may b¢ eoptl subject to forn1 election by the membcrs of the company in accordance with the Memorandum and Articles. Day to day management 15 delegated to the GeTaI Manager who 15 alsted by support staff.
The Voluntary Network Company IAmited by Guarantee Trustees, Annllgl Report (Incorporating the Dtrector'8 Report) (e•nrlnTwd) Year ended 31 Mar¢h 2024 Stru¢tsrfy goverllance aDd nwnagement (Ld) For the purpose of the Companies Act 2006 all trustees are deemed be directors. Memb5 and others are circulated with invitation8 PTior to the AGM advising them of any retiring trustees and requesting nominations for potential trustees. When co.opting ITUStees the board ha& regard to the skills #nd attributes ally individual may bring to the clwity. Or8ani8Ation The board of trustees administer the chlty And usually rn¢ every two months. A General Manager is appointed by the board to manage the day-to-day operations of the clwity. To facilitste efftive operntions the General Manager has (klegated authority fi>r opcrational matters includin8 financ¢ aDd ¢mploymenL Risk managcment The trustees bavc assessed the major ri8k8 to whith the charity 18 exposed and e8tablisb¢d systems and pro¢¢dvres to mitigat¢ exposure to thc nujor risks. Objedive8 And aetlvlll The purpo8¢ of th¢ charity 18 to provide a public benefit of promoting ond ellabling con)munity Cohesion and reducing social and nal isolation for ajl residents of our ar¢a of operation, enablin8 any resident to fully parts'cipats within the ¢ommutiity and enjoy their own independent lif¢ styles. Our wod( applies particularly to the more vulnerable members of our society. Thi8 purpose is ¢wrently realised by our provision of: (a) Community transport projects. (b) A Befriending S¢rYi¢¢ The trustees aim to provide 8ustsinable serviccs at hlgh standards of delivery within the constraints of ever changing fundiDgi regulation and political Chang¢ all of which currently Icad5 us in to a morc commercial cnvironment and po88ible diversification so as to ttcure our future.
The Voluntary Network CompAny Limited by Guarantee Trusttts, ADnual Report {Incorporalillg the Direetor'i Report) Year ended 31 March 2024 Achlevements and performance Community Transport The VoluntsryNetwork operatss various ConllnunityTran5POrtprojects. We operatethe Connectin8 Communities 8ervi¢e for Forest Heath and St Edmundsbury, alongside C1)nllnIty Tratw)0rt 8¢rvices for nei8hbouriD8 areas and Ea8t and South Cambridgeshir¢. CoDne¢ting Communities provides a transport solution for those who fmd it difficult to use Publi¢ Transport, supporting those f8cing social and rural i501ation. We fl in th¢ gaps of the commercial bus network. providing the joumey5 that are not deemed to be commercially viable by commercial operators, vitsl in Tural conmunities. A lifeline to key services, including employment, education, shopping, medical appoititments and social We also 8UPPOrt thoa¢ that are stNggling with mobility issue8, ensuring that they ¢an reJnAill indq)¢ndent, ablc to ac8& their local community 8Dd preventative scrviceB. The VoluniaryNthork fully understands the value of social interaction, which improv¢5both physical and mentsl wellbeing. We bave recently iatrodu¢&l "Lets do Lunch., reBular Iwich club enablillg people to estsblish new ci)nnection8 at friendships. We intend to firther cxtcnd this new project moving forward, Ir serrfice8 are continuing to rebuild Po8t Covid, with a Steady increase of passenger journey8. Our services are however operating under restricted funding and we look forward to negoti&ting our new contract with Suffolk County Council. Befriending Service We operate a Befriending Serwice which provides wpport and cornpanionship aer088 West Suffolk for those who would otherwise be lonely and isolated. Our team of voluntcers &re in contact once A week with Clients. either by telephone or face to fa¢e. W¢ have fvrther extended our Befriending activitics with the introduction of our pen pal projeot. We work in partnership with a locally primary school to support 60 ¢]ients. We will look to extend our inter8eneration81 work in the future. Volunteers Th¢ Voluntary Nctwork is supported by a team of over 250 volunteers. for both Community Transport and our Befriendillg SeryirK. W¢ are very grate1 for the time that they offer enabling us to provide cxcellent support to so many.
The Voluntary Network Company Llmited by Guaranlee Yrujtees, ADnuAI Report (Incorporating the Director's Report) Year ¢nd¢d 31 March 2024 Flnandal revlew Our accounts for the year ended 31 March 2024 reflect Fd net outward Movcnt of fimds of £16,443. This peri(Ml was the final year of a Gontract with Suffolk County Council which had been extended for 3 years beyond its original 5 yearterni withno additional contribution to OUT rnassively increasing costs. This ¢ontrart bas now collle to end and a new 2 yearcontract commenc¢d in April 2024. The newcontractprovide8 fimd8 for 8 muchreduced service. The c08ts of 8taff and fuel h&ve increa8ed greatly ill th¢ last few years and the c08t of new vehicle&. e&WllY electric and hybrid is far hi8her than tbe diesel vehicles which we have relied upon in the past. The reduction in funding has r¢sulted in a ¢ons¢qu¢ntial reduction in our oporational provi¥ion. We are now looking forward to a negotiating the next contract with Suffolk County Council which will commence in 2026 and which we hope will provide sU1¢ient funding for us to invest in new vehicle8 and reverse the recent T110 in our operational provision. We ar¢ operating in a ¢hallenging financial environment, establishin8 fjnancial sustsinAbility is key to our future SU¢¢¢8S. Reserves policy The tNstee$ regard the current level ot. re8erv¢s to be adequate for immediate needs but remain wary of the fmancial risks involved particularly where full project funding is not achieved. Sm&ll eompaDy provlslolls This report has been prepared in accordance with the provisionB applic&ble to companies entitled to Ihe small companies exemption. The tn]8tees' annual report was approved on .......... ...... ..... ..... and Sied on beha]f of th¢ board of tru8ttt8 by.. JGRMiller Trnstee
The Voluntary Network Company Llrnited by Guarantee Indendent Examlnerls Report to the Trllstees of The Voluntary Network Year ¢nded 31 March 2024 I r¢w)rt to the trust¢¢s on my examination of the fmancial statements of The Voluntary Network ('the tharity) for the year ended 31 March 2024. Responslblllllu and b•sl• of r¢por¢ A8 the trustees of the ¢ompaJy (and a180 its directors for the purposes of company law) you are TespoDsible for the prepardtion of tbc financial stat¢meDt5 in accordance with the requirements of the Conwanies Act 2006 ('the 2[)06 Act,). Having satisfied myself that the accounts of th¢ company not required to be audited under Part 16 of the 2006 Act and are eligible for indcpendent examination. I report in respect of my examination of the charity's accoilllts a8 carried out under section l45 of thc Cl]aritics A¢t 2011 ('the 2011 Act,). In ¢Illg out my examination I have followed the Direction5 given by the Charity Commission under section 145(5)(b) of the 2011 ACL Independent examlner'l ststement Since the charity's gross income exceed £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confmn that I Mm qualified to undertake the examination because I am a mcmbcT of the In8tithte of Chortered A¢¢ountants in En8land and Wales UCAEW), which is one of the listsd bodics. I have completed my examimtion. I eonfirni that no ntterS have come to my attention iti connection with the eXamItion giving me ¢aus¢ to believe: accounting records were not kept in respect of the charity as required by BectiQD 386 of the 2006 Act; or the financirdl 8tatcments do not accord with thosc record8; or the financial statements do not comply with the accoullting rquirem¢Dts of section 396 of the 2006 Act otber than any requirement that thc accounts give a 'true and faif view which 1$ Dot a matter ¢onsidered as port of an independent ¢xwnination' OT th¢ financial gtatements havc not bccn PTepaTed in a¢¢ordance with the methods and principles of the Ststcment of RrGomm¢nd¢d Practice for accounting aDd reporting by charities applicable to charities preparing thcir accouDt8 in accordance with the Financial iieporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no conGcrns and bave come acr088 no other matttt5 in eotjneetion with the examin&tion to which attention Should b¢ dT8wn in thi8 report in order to enable a prnper understanding of the acLX)uDts to bv reached. Shane ThaY FCA Ind¢pendent Examiner For and on bchalf of Streets Ch8rfered Accountants 3 Wellbrook Court Girton Cambridge CB3 ONA
The Voluntary NetTrvork CoMpY Limited by Cuarantee Statement of FinAndl Actlvitie5 (IDtludlng Income exptndlture aeeount) Year ended 31 March 2024 2024 Restricted 2023 UnrestriGtcd fund8 Total funds Totsl fimd8 Note Ineorne 2nd endowments Donations and Icgacics Charitable activitieg Other trading activitics Investment in¢om¢ Other in¢ome 168,971 168.971 587,413 78,877 514,661 175 1,979 587,413 3,893 2,150 3.893 2,150 TotAI Income 593,456 168,971 762,427 595.692 penditure Expenditure on clwitsble a¢tivitie8 Total expendlture 9.10 609,899 609,899 168,971 778,870 831,569 831.569 168,971 778.870 Net tndIre And net movement In fuDd8 (16,443) (16,443) (235,877) Re¢on¢lllAtlon of fvnds Totsl fimds brought forward Total funds carrled forward 160,531 160,531 396,408 144,088 144,088 160,531 The ststement of financial activitie8 includes all gains and losses recosThised in the year, All income and expcnditure derive from ¢ontinuiDg a¢tivitie8. The notss on pages 9 to 18 form part of these financlal Bttsments.
The Voluntary Network Company Llmlted by CuaraDtee Stydtement of Flnanclal FOtIon 31 Mr¢h 2024 2024 2023 Note Fixed assets Tangible fixed a88ets 16 53.389 45,683 Current asts Debtors Cash at bank and in hand 17 78,368 86,332 77,520 99.017 164,700 176.537 Credlton: amounts falllnE due within one year 18 74,001 61,689 Net current amets 90,699 114,848 Totil asiet$ l¢H current llabuitles 144,088 160,531 160,531 Net aisets 144,088 FuDdfj of the chxrlty Unre8tricted fund8 144,088 160,531 100,531 Total charlty fundi 20 144,088 For the year ending 31 Mar& 2024 the charity was entitled to exemption from audit under 6Ktiou 477 of the Companies Act 2006 relating to small companies. Directors, r¢spon8ibiiitie8.' The members have Dot required the company to obtain an audit of its financial statements for the year in question in attordance with section 476. The directors acknowledge their respon8ibilitie$ for complying with th¢ reqUIrllts of the A¢twith respect to 4e¢ounting records and the preparation of financial statement5. These fllwicial statements have been prepared in accordan¢¢ with the provi5ion8 applicable to compauie8 subject to the small cowi¢s' regime. These financial 8tAtements were approved by the board of trustees and authori8ed for issue on .. . are signed on behalf of the board by: J G R Miller Thiste The notes on pages 9 to 18 fonn part of these finandal statements.
The Voluntary Network Company Llrnited by Gllarantee Statement of Cish Flow8 Year ended 31 March 2024 2024 2023 Ca8b flows from op¢ratlng activities Net expenditure (16,443) (235,877) Adjustmentsfor." Depreciation of tangible fixed assets oth intcrest receivable and similar income Gains on disposal of tsngibl¢ fix a58ets 24,208 (3.893) {2,150) 25,197 (1.979) Changes in." Trade and other debtor8 Trade and otbtt creditor8 {848) 12.312 154,049 11.696 Cash 8¢n¢rat¢d fmrn operations 13.186 (46,914) IDterest receiv 3,893 17,079 1,979 Net ¢88h froml(used in) operating &ttivities (44,935) Ca$b flows from finvesthig acdvlttes Purcljase of tangible assets Prn¢eed8 frorn e of fixed assets {31,914} 2,150 (29,764) (2225) Net C45h used in investing activities (2,225) Net decrease In ¢a$h nd eaih equlvilents Csh Ind cAih equlvalents at beginn5ng of year Clih And eAsh equ1VCnts 4t end ol year (12,685) 99,017 86,332 (47,160) 146,177 99,017 The notss on page8 9 to 18 form part of these finclaI ststements.
The Voluntary Network Compally Limited by Cuarantee Notes to the Ffillanctsl Statements YeAr ended 31 Mareh 2024 General Inforn8Jtlon Th¢ charity is a private company limited by guarantee, registered ID England and Wales and a registeTed charity in England and Wales. Th¢ addrtss of the registered office is The Racing Centr¢, Fr¢d ATch¢r Way, NewmarkeL England, CB8 8NT. The ¢harity is a public benefit entity as defjned by FRS 102. St*tem¢Dt of eompllanee TheBC financial statements have been preparcd in compliance with FRS 102. The Financial R¢porting Siand4Td applicablc iD the UK and the Republic of Ireland,, the 8tatement of Recommended Practice applicable to charities preparing their accounts ill accordance with the Financial Reporting Standard Applicable in the UK and Republi¢ of treland (FRS 102) (Clwities SORP {FRS 102)) and the CoJnp8nies Act 2006. Aeeountlng pollcle Basli of prepiritlon The finaD¢i41 statsments have beett Prepared on the historical cost basi8. The fthaneial statenKnts are prepared in Sterli which 18 the functional cunrncy of the entity. Golng concern There are no material uncertainties about the charitys ability to colltillU¢. JudgemeDt$ and key ree& of ¢IatIon uneertxlDty The preparatii)n of the financial 8tatem¢nts requires management to n¢ judgements, estimates and a5SLunptions that affect the amounts reported. Thcse estimates and judg¢rn¢nt8 are continually reviewed and are based on experience aDd othw factors. including expe¢tstion8 of future events that ar¢ believed to be reasonabl¢ under the circumstances. Significant judgements Thcre are no jud8ements (Apart from those involving estimationy) that manA8emcnt has made iD the process of Applying the entity's accountinB policie8. Fund ac¢ouniang UDre8tricted finds are available for use at th¢ discretion of the tru8tee8 to further any of the ¢barity's purp06¢B. Designated funds Are uwestricted funds eaTmatk¢d by th¢ trustees for particular future project or commilmenL Rcstricted fjmds are subjerted to restriclions on their expenditure dectared by the donor or through the tenn5 of an appeaL or ID accordance with the CL)ntract tern15.
The Voluntary Network CompaDy Linjited by Guarantee Notes to the Finndal Statements (e•#rfMedJ YeAr ended 31 March 2024 A¢¢ountlng pollcles (u•MtlwMed) Ineomlng resources All income is included in the statement of fmancial activities when entitlement has passed to the ehority, it is probable that the ecoThomiG benefits 8s8ociated with the transactionwill flow to the charity and the amount can be Te]iably mell8ured The following sp¢cifJ¢ policie5 aTe applied to p&rti¢ular cate8ories of irAc0n. - income from donations or grants 18 recognised when there is evidencc of entitlement to the gift, reccipt 18 probable and its amount can be measured reliably. - income from contracts for the SLwply of service8 is recognised with the delivery of th¢ contr&Gted service. This is classified as unrestrictcd funds unless theT¢ is a contractual rcquircm¢ni for it to b¢ spent on particular purpo8¢ and retwned if un5pcnt, itl which ¢&s¢ it may be regaTdcd as restricted. Rewurcei exp¢nd¢d Expenditure is recogni8cd on 4c¢rual8 basis as A IiAbility is incurred. Expenditure includes any VAT which cannot be fully recovered, and is c18ssified under heading6 of the stytem¢nt of fllwicial artivities to which it relat¢8: - expcnditLwe on charitable activities includes all ¢06ts in¢urr¢d by a charity in undertaking tiVitieS that rther its charitable aims for the benefit of its beneficiaries, includin8 those support costg and c06ts relating to the 8ovcrnan¢e of the charity apportioned to charitable activiti¢s. All costs are allocatsd to expendire Categories reflecting the use of the r¢sour¢¢. Direct costs attributabl¢ to a single activity are allocated dircctly to that activity. Shorcd costs are apportioned betweèn the artivities they Contribute to on a rc8sunable, juslifiable and consistent basis. Operillng leaJeJ IKase payment8 are recognised as an expense over the lea8¢ tenn on a StrglIt-llnC basis. The aggregate b¢n¢fit of lea8e incentives 18 recognised aB a reduction to exwise over the leaBe terns on a straight-line ba818. TaDgible lets Tan8ible 885cts are initially recorded at ¢08L and subsequently stated at cost les5 any 8ccumulat¢d drecIation and irnpoinnent1055es. Depretiatlon Dcprcciation is CellIad so as to write off the cost or valuation of an asset, less its residual value, over the usethl econornic life of that a&8et as follows: Motor v¢hi¢l¢s Equipment 20Yo straight line 200/0 and 33.330/• straight lin¢ io-
The Voluntary Network Company Llmtted by GuaraDtee Notes to the FiDaneiil Statements Year ended 31 MArch 2024 Accounthig polldes Impalrment of fixed ajset A review for indicators of impairment is carried out at each reportxng dats, with the recoverable amount being estinled wherc such indicators exist. Where the carrying value exceeds the recoverable amounL the asset is impaired accordingly. Prior inairents are also reviewed for possil)le revetsal at each reporting date. For thc purposes of in]pairnient testing, when it is not possible to C5timate the recoverable amount of on individual asse( an estimate is made of the recoverable amount of the cash_8enerating unit to which the asset bclongs, The cash-generatin8 Iinit is the Smallest idcntifiablc group of assets that includes thc as8ef ond generates cash inflows that largely independent of the cash inflows from other assets or groups of ajsets. Flnanelal IDJtrnments A financlaj asset or a fJnAncial liability 18 rrfogni8ed only wb¢n the entity be¢ome8 apaty to the contractual provi8ion& of the instrumenL Basic fillanci insttillnents are initially recogni8ed ot the amount receivabl¢ orpayabl¢ including any related transaction costs, Current assets and curr¢nt liabilities are subBequcntly measured at the cash or other ¢on8ideration expected to be paid or receivcd and not di6wunt¢d. Defin¢d eontrlbutloD plini Contributions to defined Contribution pl4n5 are [Ognised a8 an expense in the period in which the related $VI¢¢ 1$ provided. DoDations Ind legaei Re6tricted Total Fundi Funds 2024 Re5trACted Totsl Fund8 Funds 2023 Donations Donation8 18.994 18,994 8.886 8,886 GraDtI GrAnts reeeivable 149,977 168,971 149,977 168,971 69.991 69,991 78,877 78.877 11
The Voluntary Network Company L5mltsd by Gu&raDtee Notes to tb¢ Financial Statements (comdmued) Year ended 31 MAr¢h 2024 DonatloDS and legatles fcoAlinwéd) The majority of income is received by way of grant lldIng generally for restricted purposes. During the year the following bodies provided grants. 2024 2023 Forest Heath District Council and SL Edmundsbury South Cambridge District Council Haverhill Town Council BSOG Newmarket Festival 131216 5.000 39,430 3.000 10,000 12.181 5,000 380 12,550 1.211 149,977 69,991 Charltable aclivltiei Unrestricted Total Funds Unrestricted Totsl Funds Funds 2024 Fund8 2023 Expenses recovered Transport fares Minibus hire Other inconi¢ 14.499 118,429 443,430 11,055 14,499 118,429 443.430 11,055 17,419 116,032 371,182 10,028 17,419 116,032 371,182 10.028 587,413 587,413 S 14,661 514,661 Other tradlng aedvitlei Unrestrictcd Total FuDdJ Unrestricted Totsl Fund Funds 2024 Funds 2023 Trading incom¢ 175 175 Investment income UTrr¢Btrictsd Total Fund8 Unrestricted Tota] Funds 2024 FuDd8 2023 Bank inlerest receivable 3,893 3.893 1,979 1,979 Other Income UDre8tricted Total Funds Unrestrictcd Total Funds Funds 2024 2023 Gain on disposal of tangible fix¢d assets 2,150 2,150 12-
The Voluntary Network Company timlted by GuArante¢ Notei to the Flnanelal Statements (¢onilw4J Year ended 31 March 2024 Expendltllre on Chthtable *¢tIvldes by hnd type Unrestricted Funds Restiicted TotAI Funds Funds 2024 Charitsble activities Support cost8 585,661 24238 168,971 754.632 24,238 778,870 609,899 168,971 Unrestricted Funds Restricted Totsj Funds Funds 2023 Charitable activities Support costs 721,017 31,675 78,877 799,894 31.675 752.692 78,877 831,569 10. Expenditure on charltable a¢tiviti¢$ by a¢tlvlty type A¢tivities undcrtaken dir¢rtly Support C08ts Total fun 2024 Total fund 2023 Charitablc activitie$ Governance costs 754,632 19,431 4,807 24238 774,063 4,807 778,870 828,747 2.822 754,632 831,569 11. Support colts Analysis of Support costs TotAI 2024 Totsl 2023 Accommodation Depreciation Govcrnanc¢ 18,865 567 4,806 18,865 567 4,806 24238 28.417 436 2,822 31.675 24,238 12. Net expendlture N¢t expenditure is stated after chargingl(crediting): 2024 2023 Depreciation of tsn8ible fixed a8sets Gains on disposal of tangli )le fixed asset8 24,208 (2,150) 25.197 13
The Voluntary Network Company Llmited by Gu*rantse Iyotei to the Financi41 Statements ye ended 31 MArch 2024 13. Independent exgmlnadoll fee5 2024 2023 Fees payable to the independent examiner for.. Independent ¢xaminatiOD of the financial ststcrnents 2,640 2,400 14. Staff costs The total 8taff co8ts and ¢mploy¢e benefits for the reporting period are ana]ysed a5 follows: 2024 2023 Wages and salaries Social security Costs Etnployer contributions to pension plans 443,530 27,194 5,352 450,929 29.542 5.277 476,076 485,748 The average head ¢ount of employees during the year was 27 (2023: 27). No enwloyee received employee benefits of llK)re than £60,000 during the year (2023: Nil). Key MAn&gement PeThonnel Key management personDel inGlude all persons that bavc authDrity and responsibility for planning, directing and controlling the activities of the charity, The totsl compensation paid to key mana8cmcDt personncl for services provided to the ¢lLaTity was £61,648 (2023.. £62,306). IS. Tru8te¢ r¢muD¢radon and expenies No trustee received any remuneration or expenses durin8 the current or previous year. 14-
The Voluntary Network Company Llmlted by Guarantee Iyotes to the Flnanelal Statements YeAr ended 31 March 2024 16. Tanglble fixed iisets Motor vehiclcs Equipment Total Cost At l April 2023 AdditioDS Disposals At 31 MArcb 2024 343,284 31,914 (56,437) 318,761 14,606 357,890 31,914 (56.437) 333.367 14.606 Deprtclatlon At l April 2023 Charge for the year Disposa18 At 31 MArcb 2024 299,880 23,641 (56,437) 267,084 12,327 567 312,207 24,208 {56,437> 279,978 12,894 Carrying amount At 31 Mareb 2024 51,677 43,4Q4 1,712 53,389 At 31 March 2023 2,279 45,683 17. Debton 2024 2023 Trade debtors PrepayDThts and acfflied incon Other debtors 42,631 19,847 15,890 78,368 35,038 23,010 19,472 77,520 18. Credltors: amounts lalllng due wlthln one year 2024 2023 Trade creditors A¢CTrls and deferred incorne Soci&l security and other taxes 38,098 3,586 32,317 31,003 3.977 26,709 74,001 61,689 19. Pen8lon$ &nd other poit retlrement beneflts Dellned contribution plvdnf Th¢ amount recogniscd in ineome or expenditure as an expense in TclatioD to defined contribution plans was £5.352 (2023: £5277). 15-
The Voluntary Network CompAny Llnylted by Gllarantee Notes to the Flnandal Statements (ertA#<I) Year ended 31 March 2024 20. Anllysls of charltvdble funds UDrestri¢ted funds At l April 2023 At31 IDcome Expenditure MAreb 2024 General fid8 Designated Vehicle Replacemellt Fund 133,654 26.877 593,456 (609,899) 117211 26.877 144,088 160,531 593,456 (609,899) At31 Incon Expenditur¢ March 2023 l April 2022 General funds Designaicd Vchicle Replacement Fund 369,531 26,877 396,408 516,815 (752,692) 133,654 26,877 160,531 516,815 (752,692) Desi nated Fun Following the receipt of a g¢nerous legacy from the estats of a fomer u8er of the Charity's Di81-A-Ride 6ervicc, thc Trust¢¢$ deterniined that this sum 6hould b¢ designated into a vehicle replocem¢nt fund. R¢strleted fundi At l April 2023 At31 Income Expenditure March 2024 Community Transport Befriending Scheme 160,551 8,420 168,971 (160,551) (8,420) (168,971) At l April 2022 At31 Incomc Expenditure March 2023 Community Transport Befriending Scbeme 77,138 1,739 78,877 (77.138) (1,739) {78,877) 16
The Voluntary Network Company Lijnfited by Guarantee Notei to the Fjnanelal Stalement$ fcttftthmdj Year ended 31 March 2024 20. Analysts of eharltlble fllnds Communi The chatity runs a nurnber of community transport projects as follows:. Dial a Ride, Suffolk Links And Wheels within Wheels services, all of which came under the Connecting Conununities brandin8 after June 2016, A commw)ity CIT Service utilising voluntccr drivers and thdr car8 which relies upon grant funding. All of thes¢ 8¢Tviee8. in their different modes of operatioD. benefit vulnerable members of the publi susceptil>le to ra1 or social i801ation. Funding to support these tran5POrt projects is 18rgety provided by Suffolk County Coll1[ Carnbridgeshire County Council and Forest HeAth District Council. fricndi chen The charity operates a befriending servic¢ sUPPOrted by grant funding. 21. AnAlysh of net a$iel$ between fundi Unrestricted Total Funds Funds 2024 Tangibl¢ fixed a88ets Current assets Creditor5 less thAD l year Net a•tI 53,389 164.7(10 (74,001) 144.088 53,389 164,700 (74.001) 144,088 Unrestrickd Total Funds 2023 Tangibl¢ fixed assets Current assets Creditors less than l year 45,683 176,537 (61.689) 160,531 45,683 176,537 (61,689) 160,531 Net Asjets 22. Analy8lJ of changu In net debt At31 Mar 2024 At l Apr 2023 Cash flows Cash at bank and in halld 99,017 (12,685) 86,332 17
The Voluntary Network Company Limited by Guarantee Nots8 to the Financial StAlements Year ended 31 Mareh 2024 23. Operatlng lease commitments The totsl future minimum lease payments under llon-aan¢ellabl¢ operating lea8es are as follows: 2024 2023 Not18teT tlwi l year Latsr tb8n l y¢8r and not later than 5 years 7.920 24,420 32,340 7260 32.340 39,600 24. Related part No related pty transactions took plaee during the currelll or previous year. 18