REGISTERED COMPANY NUMBER.. 03709442 (England and Walesl REGISTERED CHARITY NUMBER.. 1083642 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR VISION 21 IGLOUCESTERSHIRE) LTD BK Plus Limited 6 Manor Park Business Centre Mackenzie Way Chellenham Gloucestershire GL519TX
VISION 21 IGLOUCESTERSHIRE) LTD CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Reference and Administrative Detslls Report of the Trustees Independent Examlnees Report Statèment of Flnancial Actlvltles 10 Statemenl of Flnanclal Posltion 11 to 12 Note8 to the FSnanclal Statements 13 to 21 Detalled Statement of Flnanclal A¢tlvltles 22 to 23
VISION 21 {GLOUCESTERSHIRE) LTD REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES Martin Roy Hewett Gideon Capie Rodney Smith Peter Brian Clegg Brian Sloan Rowena Louise Kay COMPANY SECRETARY Martin Hewell REGISTERED OFFICE The WorksIP Malthouse Lane Chellenham Gloucestershire GL50 4EY REGISTERED COMPANY NUMBER 03709442 (England and Wales) REGISTERED CHARITY NUMBER 1083642 INDEPENDENT EXAMINER BK Plus Limited 6 Manor Park Business Centre Mackenzie Way Chellenham Gloucestershire GL51 gTX Page 1
VISION 21 IGLOUCESTERSHIRE) LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees who are also directors of the charity for the purposes of the Companies Acl 2006, present their report with the financial slalements ol the charity for the year ended 31 March 2024. The Iruslees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 20191. OBJECTIVES AND ACTIVITIES ObjectSves and alms Vision 21 Gloucestershire is a small, highly active charity with a will to make Gloucestershire more sustainable by communicating, co-operating and collaborating with any licit organisalion, group or individual willing lo help us meet this desire. We were established in 1994 as a direct result of the 1992 Rio Earth Summit under the auspices of Agenda 21. Our work comprises a mixture of strategic and grass root level actions to draw communities together, making them more resilient and better able to cope in the result of a crisis. We act in an ethical, equitable and honest manner. Since our inception. our publications, programmes, projects and events, have supplied community buoyancy by improving connectivity. networking. neighbourliness. integration and civic piide. We have been successful in raising public awareness of Global Warming, improving people's life chances, general health levels and the environment. In order to maximise our impact. our projects are reslricled to the Gloucestershire county boundary and we Jncentrale our energies and efforts on achieving the UN Sustainable Development Goals, in particular.. SDG3 Good Health and Wellbeing SDG11 Sustainable Cities and Communities SDG12 Responsible Consumption SDG13 Climate Action 10 13 17 The Charity's objects are.. to provide local, voluntary opportunities for people to engage in community based environmental aclivilies., to educate and encourage the public, businesses and Local Authorities to become more sustainable. Our Mission is to make Gloucestershire's communities more sustainable and more robust to the effects of Climate Change. Publlc beneflt In planning the charity's activities for the year, the Trustees kept in mind the Charity Commission's guidance on public benefit. The focus of the charivs activities during the year explains the delivery by the charity of public benefits and is set out under "Objectives and Aclivilies" above and "Achievements and Performance below. Page 2
VISION 21 {GLOUCESTERSHIREI LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 ACHIEVEMENT AND PERFORMANCE Charltsble actlvltles Vision 21 IGloucesteTshire} Ltd delivers community based environmental projects and activities that help make Gloucestershire's communitie5 more svstainable. As such, Vision 21 is as much a social organisalion as il is an environmental one and. our inclusive approach ensures people on low incomes and BAME are not forgollen. We ' Act Locally bul Think Globalty" and we aim to give everyone a greater understanding of sustainability issues lo help change attitudes and behaviour regarding the environment and how we live. Our projects and actiwties are categorised as follows under the relevant SDG-. SustaSnable Develo ment Goal 3 Good Health and Wellbeln 11 Unstoppable Vision 21 continued to be Ihe lead agent in this antipperiod povety project. However the network of partners and delivery mechanisms never fully recovered from the pandemic lockdowns. As a result, the project was wound up al the end of the financial year and the remaining menstrual products were distributed to Chellenham's various foodbanks. 2) Annecy Gardens This is 8 sel of beds In a public park where the volunleers can learn how to grow vegetsbles, Any produce is then free for the public to tske once it is ripe. The project helps overcome social solation and provide5 exercise. 3) Prlors Park Edlble Garden and Communlty Allolments Created from a piece ofwasteland in an area of high density social housing, OUT garden engenders community spirit. It comprises a small community garden and 24 vegetable plots. A self-governing committee of residents manages the sile on the behalf of Vision 21. Sust8lnable Citie talnable Develo rnent Goal 11 11 Planted Communlty Cafe, RefSllery and Communlty Hub Following the closure of the Community Resource Centre at Grove Sl., Vision 21 needed to relotale its admin office. We took the opporiunily lo lake over an existing community café and lo develop il inlo our admin office. We have refurbished its facilities and have a loose food relillery, a crafting area, a small meeting room and info community hub. We have made the building as sustainable as possible, considering il is a short term let, and used second hand units in the kitchen as well as introducing LED lighting throughout the building and secondary glazing in the café area. We also purchased planters with built in bike stands lo encourage cyclists to use the café. 21 Prestbury Communlty Orchard As part of Vision 21's 30th anniversary celebrations, volunteers planted an orchard of 10 Irees of traditional apples, peafs and cherries. 31 Lansdovm Communlty Compostlng After 10 years of opeialion, this projecl was closed down al the end of the financial year, because the landlord seNed notice upon us. 4} Regeneration and Repalr Cafes Our nelwork of repair cafes continues lo grow. We now have 10 such Cafes scattered around the county. Each usually meels once per month, but schedules vary according to season. 5) Community Energy Advice and Thermal Imaging We continued lo offer free energy advice and a domestic therma5 imaging service, bul Ihis operation changed at the end of the financial year and il is now delivered by Sustainable Charllon Kings, volunteers. Page 3
IIISION 21 (GLOUCESTERSHIRE) LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 IAARCH 2024 ACHIEVEMENT AND PERFORMANCE Charitable actlvltles contlnued Sustainable Clties Sustainable Develo ment Goal 11 6) Carbon Cutting Operations We have small investments in community Cctroperalive wtnd and $012r farms. Not only do these investments provide a return on our money, the profits generated are used by Ihe uj-operatives lo improve the life chances and well-being of residents in the vicinity of the establishments. We use energy effIent lighling system in our furniture warehouse. We purchase gas and eleclricily from 100 10 Green suppliers. Our pension scheme invests in environmental funds. Reclaim uses roule planners lo work out optimal routes to reduce mileage. An eleclrlc tricycle and bicyde are available for staff use. es onslble Consum tlon Su talnable Develo ment Goal 12 1) Reclalm Furnlture Re-uge Scheme Reclaim furniture reuse scheme collects good quality used furniture and then sells il lo people predominantly on low incomes. In this way we help lo develop householders, expectstions and aspiralions. 11 also ensures Ihal maximum use is gained from the embodied energy contained within the items. Our bulk waste operation helps reduce fly lipping and ensures fridges and fridge- freezers are appropriately degassed. Reclaim offers vocational training to volunteers and in particular. it reseNes a number of placements for hard lo place volunteers who often have issues concerning mental illness andlor drug andlor alcohol abuse and some are ex-offenders. Volunteers work in our warehouse, workshop or as van crew, depending upon their skills and abilities. In return, we offer them basic vocational training and a safe place in which Ihey can improve their interpersonal skills and build self-esteem. We provide a reference and give encouragement for them lo move on to more lormalised training andlor paid employment. 2) Communlty Re-Palnt Reclaim is the Chellenham agent for this national scheme. We offer unwanted and surplus paint lo community groups, people on benefits and low income families. We CA)Ilecl end of line and other surplu5 P8iril lo make available to community groups, community cenlres and people on low incomes for a nominal charge of £2.00 per lilre. Lasl year we re-issued around 2,000 litfes of paint. 3) Cando We recycle small amounts of metal chielly aluminium. copper and steel, all of which are lOOV recyclable and have to be dug out of the ground and smelled at great expense in terms of energy use and of damage lo the environment via pollution, quarrying and Iransportalion. Cllmate Actlon S stainabl D velo ment Goal 13 heltenhamzero The Chellenhamzero partnership with Chellenh2m Borough Council was a continued success bul it ended al the end of the financial year. During ils 3 year operation it buill up a membership of 175 businesses and community organisalions, created several Chellenham based environment networks, helped CBC dislribule £150,000 environmental grants and delivered presenlations on heal pumps, solar PV, electric vehicles and Iransportalion.11 also designed a carbon cutting tool pack to support businesses on their Net Zero journey. Planet Cheltenham Public Awareness of the Planet Chellenham initiative continues lo grow. Activities include.. A Library of Things (in partnership with Gloucestershire County Council. and Charlton Kings Parish Council) that wa3 featured on the BBC Midlands today programme A community Fridge located al the School House Café Climate Change Youth Group Climate Changemaker projecl Schools and other environmental OLrtreach work. Page 4
VISION 21 IGLOUCESTERSHIRE) LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 IAARCH 2024 FINANICIAL REVIEW Reserves pollcy The Trustees continue to closely review the level of funding required by the Charity and to take the action appropriate lo generate this funding. The Trustees consider the present level of funding to be sufficient to both lo support the Charity's principal aclThiities over the coming year and, lo suNive a calaslrophic event, 8.g. loss ol the principle income stream for up lo a period one linanaal year. The trading conditions for Reclaim are expected to be tougher than ever, with other charities slill active with similar projects in our aTea and 311 seeking grants from similar funders. However, Reclaim continues to be an anchor point and il retains an excellent repulation and links wilh Ihe local agencies and community groups that support people in need. Investment poll¢y The organisation is non-profit making and any surplus income is either re-invested within the organisalion lo énhance ils activities and Support ils projects or invested in green nfraslruclure projects that will yield a financial income lo further support our aclivilies, e.g. co-operative wndfarm and a solar panel farm, We have 15.416 shares in the Egni Co-op wnd and solar farms, and 3.630 shares in Gower Regeneration solar farm. FUTURE PLANS To cornmence work on the Eco-Hub. Chellenham's lirsl peimanent suslainabilily centre. To develop and trial more activities al Planted To explore the possibility of a Repairlcircular Economy partnership for Chellenham To commen¢e a new joint Fit For The Future household relrofilling project with CBC. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document and legal status Vision 21 (Glouceslershirel is a registered charity and company limited by guarantee, as defined by the Companies Act 2006 and therefore h8s no share capital. In the event of the company being wound up and li8bililies and wnding up expenses being in excess of assets Ihe liability ol each member is limited lo £1. Our charitable status is based on the objects below. We are governed by Memorandum and Articles adopted in February 1999. updated by resolution at an Extraordinary General Meeling in October 2000 and by resolution al a Board Meeling in January 2009. Further amendments to the conslilulion. such as a funding lock were lnlrodud, which mean5 that should the charity wind up. ils currenl assels will be returned lo either Ihe original donor or redislmbuled amongst charities with a similar purpose as Vision 21. This enabled Vision 21 Gloucestershire lo become a registered Environmental Body wlh Enlrusl and these amendments were adopted at the 2016 AGM. Page 5
VISION 21 (GLOUCESTERSHIRE) LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure Trustees In 2023-24 Trustees are elected by the members al the Annual General Meetmg or can be co-opted by the Board of Management during the year. They lorm the Board of Management and meet at least 6 times per year. Martin Hewett {Secretary and Chalr) Martin is a Senior Chartered Structural engineer who works al an engineering consultancy working on a wide variety of buildings induding the design of a number of low-energy building projects. One of his company's aims is lo inlluen¢e fellow professionals and clients towards more sustainable CL)nslrucliDn practices and lo minimise the use of new material. Brlan Sloan (Treasurer) Brian is an accountant with extensive experience of working at director level in industry. He currently runs his own accountancy praclice in Ch8llenham. Gideon Caple Gideon is a granl funding and project management specialist, with over 15 years, experience. With a career in High Education, Gideon was the head of the University of Gloucestershire's Funding Office for 10 years. supporting local, national and international gr8nls and projects. Rod Smlth Rod is a retired archilecl, having been a director of a local practice for many years. He has 3 keen interest in sustainable construction and has been involved in the design of low energy buildings. Within Vision 21 Rod has taken on the responsibilities for our Health and Safety matters. Peter Clegg Peter has spent most ol his working life in Ihe Compuler-Aided Electronic Design industry and Computer- Aided Electronic Manufacturing industry. He has specialist experience of European Iraining & lechnlcal support management of high value lime-to-markel critical applications. He moved into European sales & marketing management and for short periods lived and worked in Munich. Paris, 8ru55els and Moscow with 8xlensiv8 business travel in the USA and Europe. Rona Kay Rowena is a HR solicilor with Harrison Clark Rickerbys. staff in 2023-2024 Dave Entwlstle - Chief Executlve Offlcer (FT) Dave has an MBA, comes from a background of managing organisalions wilh environmental and conservalion aims and is well veTsed in running community and volunteer groups. Dave Twynlng - Reclalm Manager After a long period of unemploymenl, Dave joined the projecl as a volunleeT and he was later taken on as a full lime drlver in October 2006. He has since progressed to become Redaim Manager TIM Whittaker- Asslstant Manager Tim is Vision 21's longest conlinuing volunteer with over 25 years, service. He conbnues to volunteer bLJI he is also engaged as a Part Time Assistant Manager Nilesh Patel Driver Nilesh joined Reclaim as a volunteer driver immediately before the Covid pandemic began and he was taken on as a member of staff shortly afler the lockdowns ended. Page 6
VISION 21 {GLOUCESTERSHIREI LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Staff in 2023-2024 . continued Dave Cooper- Driver Prior lo his employment as a driver. Dave held a volunlary role as Chair ol the Priors Park Edible Garden Project in Tewkesbury. Rebecca SSllence- Cheltenhamzero Communlcatlons Offlcer Rebecca has a varied employment background. Irom former Flood Officer, Library Assislant and author, she is a well experienced Communications Officer. Volunteers As an organisation we are graleful for their efforts. Related partles The company has no subsidiary urKlertakings or direct relationships with other organisalions. As part of a Green Investment Strategy, we have £15.416 worth of shares in the Egni Co-op for the installation of solar Panels on community housing and buildings, and in addition £3.630 worth of shares in the Gower Regeneration solar farm. Risk managemenl The trustees have a duty lo identify and review the risks to which the charity is exposed and to ensure appropriate ojnlrols are in place lo provide reasonable assurance against fraud and error. TRUSTEES, RESPONSIBILITY STATEMENT The tru$lees (who are also the directors ol Vision 21 {Glouceslershirel Ltd for the purposes of company law) are responsible lor preparing the Report of the Trustees and Ihe financial slalemenls in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Praclicel. Company law requires the Ifuslees to prepare financial slalements for each financial year which give a true and fair view of the slate of affairs of the charitable company and of the incoming resources and application of resources. including the income and expenditure, of the charilable company for that period. In preparing those financial slalements, the trustees are required to select suitable arLounting policies and then appty Ihem consistently., observe the methods and principles in the Charity SORP.. make judgements and eslimales thal are reasonable and prudent., prepare the financial slalemenls on the going concem basis unless il is inappropriale to presume Ihat the charitable company will continue in business. The Iruslees are responsible for keeping proper accounting records which disdose with reasonable 2ccuracy 8t any lime Ihe financial position of the charitable company and lo enable them to ensure that Ihe financi81 slalemenls comply with the Companies Act 2006. They are also responsible lor saleguarding the assets of the charitable company and hence for laking reasonable steps for the prevention and detection ol fraud and other Irregularities. Page 7
VISION 21 (GLOUCESTERSHIRE) LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Thls report has been prepared in accordance with the special provisions of Part 15 of the Companies Acl 2006 relating lo small companies. Approved by order of the board of trustees on 18 December 2024 and signed on its behalf by.. Martin Roy It - Trustee Page 8
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF VISION 21 IGLOUCESTERSHIRE) LTD Independent examlnerfs report to the trustees of Vislon 21 (Gloucestershire) Ltd ('the Company'l I report lo the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024. Responsibilltles and basls of report As the charity's trustees of the Company (and 81so its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 {'Ihe 2006 Act'l. Having satisfied myself Ihal the %covnts 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 01 the Charilies Act 2011 I'lhe 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145151 Ib) of the 2011 Act. Independent examlner's statement sin your charity's gross income exceeded £250,000 your examiner musl be a member of a listed body. I can confirm Ihal l am qualified lo undertake the examination because l am a member of the Assooalion of Chartered Certified Accounlanls, which is one of the listed bodies. I have completed my examination. I confirm Ihal no matters have come to my attention in connection with the examinalion giving me cause lo believe- accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act., or the accounts do not accord with those records. or the accounts do not comply with the accounting requiremenls of Section 398 of the 2006 Act olheT than 8ny requirement that the accounts give a true and fair view which is not a maller considered as part of an independent 8xaminalion', or the accounts have not been prepared in accordance wlh Ihe methods and principles of the Slalemenl of Recommended Praclice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with Ihe Financial Reporting Standard applicable in the UK and RepLtblic of Ireland IFRS 10211. I have no concerns and have come across no other matters in connection with the examinalion lo which allenlion should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. Cinzia Hensl Institute of Ch YFCA Accountanls England and Wales BK Plus Limited 6 Manor Park Business Cenlre Mackenzie Way Chellenham Gloucestershire GL519TX Dale.. 18 December 2024 Page 9
VISION 21 (GLOUCESTERSHIRE) LTD STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 31.3.24 Total funds 31.3.23 Total funds UnreslrictedRestricted funds funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 7,130 90.026 97,156 37,577 Other trading activities Investment income 159.881 4,736 27.034 186,915 4,736 181,526 913 Total 171747 288 807 220.016 EXPENDITURE ON Raising funds 4.350 4,350 9.080 Charitable actlvltles Gharilable 219 514 66,977 286 491 289 147 Total 66,977 290.841 298 227 NET INCOMEIIEXPENDITURE) Tran9fers betweèn funds (52,117} 50.083 42.000 (2.034) {78,2111 18 Net movement in funds (10,117) 8,083 (2,0341 (78,2111 RECONCILIATION OF FUNDS Total funds brought fomard 88,152 125,417 213,569 291,780 TOTAL FUNDS CARRIED FORWARD 78.035 133,500 211,535 213 569 The notes form parl of these financial slalemenls Page 10
VISION 21 (GLOUCESTERSHIRE) LTD STATEMENT OF FINANCIAL POSITION 31 MARCH 2024 31.3.24 Total funds 31.3.23 Total funds UnreslrictedRestricted funds funds Noles FIXED ASSETS Tangible assets Investments 13 14 127.846 127,846 129,527 146,892 146,892 149,091 CURRENT ASSETS Stocks Debtors Cash at bank and in hand 15 16 7,445 18.098 7,445 18.098 149,175 5,000 26,552 151,675 133.500 41,218 133.500 174,718 183,227 CREDITORS Amounts falling due within one year 17 {110,075) (110,075) {118,7491 NET CURRENT ASSETS 68,857) 133 500 TOTAL ASSETS LESS CURRENT LIABILITIES 78,035 133,500 211,535 213,569 NET ASSETS 211535 213569 FUNDS Unrestricted funds Restricted funds 18 78,035 133,500 88,152 125417 TOTAL FUNDS 211535 213569 The charitable company is entitled lo exemption from audit under Seclion 477 of the Companies Act 2006 for the year ended 31 March 2024. The members have not required the company to obtain an audit of ils financial statements for the year ended 31 March 2024 in accordance with Seclsc)n 476 01 the Companies Acl 2006. The trustees acknowledge Ihelr responsibilities for lal ensuring that the charitable company keeps accounting records Ihal Gomply with Sections 386 and 387 of the Companies Act 2006 and Ibl preparing financial slalements which give a true and lair view of the slate of affairs of the charitable company as al the end of each financial year and of ils surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which olhepNise comply with the requirements of Ihe Companies Act 2006 relating lo financial statements, so far a5 applicable lo the charitable company. The notes form parl of these financial slalemenls Page11 continued...
VISION 21 (GLOUCESTERSHIRE) LTD STATEMENT OF FINANCIAL POSITION - ¢ontinued 31 MARCH 2024 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements re approved by the Board of Truslees and authorised for issue on 18 December 2024 and were sign ts behalf by: Brian Sloan - Trustee The noles form part of these financial statements Page 12
VISION 21 IGLOUCESTERSHIRE) LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Basls of preparlng the flnanclal stslements The financial slalements ol the charitable company, which is a public benefit entity under FRS 102, h8ve been prepared in accordance with Ihe Charities SORP (FRS 102) 'Accounling and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing Iheir accounts in accordance wlh the Finanu81 Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 leffeclive 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. and Ihe Companies Act 2006. The financial slalemenls have been prepared under the histoncal cost convention, with the exceplion of investmenls which are included at market value. The Trustees continue lo closely review Ihe level of fijnding required by the Charity. particularly in the light of Covid-19 and olher global economic faclors and their implicalions on the finances of the charity. As such, they are prepared lo lake action appropriate lo the generation of funding or lack of and the security of the charity. The Truslees consider the present level of funding lo be sufficient lo both lo support the Charity's principal activities over the coming year and to survive a calaslrophic event. i.e. there are enough free reseNes lo suNive the loss of the principal income stream (Reclaim) for up to a period one financial year from the date of approval of these financlal slalements. Furniture donations are strong, bul operating conditions are expected lo be as lough as ever, wilh other charities still active wilh similar projects in our area and, they are also seeking grants from similar funders. However. Reclaim continues to be an anchor point and il retains an excellent reputstion and links wlh the local agencies and communily groups that support people in need. As a result of these considerations. the Trustees consider Ihe charity lo be a going ¢Xsncern and have prepared these financial statements on this basis. Income All income is recognised in the Stalefnent of Financial Activities once the charity has enllllemenl to the funds, it is probable that the income will be received and the amount can be measured reliably. Voluntary income, including grants and donations, are recognised on re¢eipi. Trading income is recognised al the point of sale. Expendlture Liabilities are recognised as expenditure as soon as Ihere is a legal or constructive obligation comrrilling the charity to that expenditure, il is probable that a transfer of economic benefits will be required in settlement and Ihe amount of the obligalion can be measured reliably. Expenditure is accounted lor on an accruals basis and has been dassified under headings that aggregate all cost related to the category. Where costs cannot be directly atlribuled to particular headings they have been allocated lo aclivilies on a basis consistent with the use ol resoufces, Tanglble fixed assets Depreciation is provided al the followbng annual rates in order lo write off each 8ssel over its estimated useful life. Freehold property Fixtures and fillings Motor vehicles 2% on cost 25Yo on reducing balance 25% on reduang balance Assets likely lo increase in value over the period of their ownership are deemed lo have a resldual value equal to their original cost and are consequently not deprecialed. Stocks Stocks are valued at the lower of cost and net realisable value. after making due allowance for obsolete and slow moving ilems. Page 13 continued.
VISION 21 (GLOUCESTERSHIREI LTD NOTES TO THE FINANCIAL STATEMENTS - continLJed FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES - continued Taxatlon The charity is exempt from corporalion tax on its charitsble activities. Fund accountlng Unreslricled funds can be tjsed in accoidance with the charitable objectives al the discretion of the Iruslees. Reslrlcted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial slatemenls. Penslon costs and other post-retlrement beneflts The charitable company operates a defined contribution pensi scheme. Contributions payable lo the charitable company's pension s¢heme are charged lo the Statement of Financial Activities in the period to which they relate. DONATIONS AND LEGACIES 31.3.24 31.3.23 Donations GTants Memberships Gommlssion 32,518 64,555 15,742 21.760 75 83 Grants received, included In the above. are as follows.. 31.3.24 31.3.23 Gloucestershire County Counul Cheltenham Borough Council Charllon Kings Town Parish NGED The Midcounlies Co Community Grant Planet CheSlenham Project Summerlield Trust Transition Town NeOrk Jubilee Planters 29,300 25.000 7.100 2,655 500 8.000 7.SOO 4,910 Page 14 continued...
VISION 21 IGLOUCESTERSHIRE) LTD NOTES TO THE FINANCIAL STATEMENTS . continued FOR THE YEAR ENDED 31 MARCH 2024 OTHER TRADING ACTIVITIES 31.3.24 31.3.23 Project income Furniture sales Income from scrap metal Tenant rental & service charge Recycling credits Bulky collections 25,115 88,313 1,905 1,000 5,452 65.130 25,250 89,834 3,589 5,728 57.125 186,915 181528 INVESTMENT INCOME 31.3.24 31.3.23 Dividend8 Bank interest on deposits 930 846 87 913 RAISING FUNDS Ralsing donations and legacles 31.3.24 31.3.23 Fundraising costs CHARITABLE ACTIVITIES COSTS Direct Costs {see note 7) Support C051s (see note 8) Totals Charitable 262,804 23,687 286,491 Page 15 continued...
VISION 21 IGLOUCESTERSHIREI LTD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 DIRECT COSTS OF CHARITABLE ACTIVITIES 31.3.24 31,3,23 Staff cos15 Renl & rates Insurance Light 2nd heal Office costs Advertising Sundries Housekeeping Information Technology Meeting Expenses Safely equipment Staff travel & expenses sub5cfipiions & membership Motor expenses Volunleels expenses Repairs and renewals Project expenses Debil card machine Costs Depreciation 153,086 46,736 2,688 2,090 2.226 1.529 1,603 263 1.121 339 1,480 4,105 242 14,366 3,681 5,910 6.911 4,291 10,137 126,169 94,420 2,705 2,758 2.956 905 620 298 972 37 1,283 2,151 540 11,244 5,252 2,951 1,421 3,309 262 804 269,494 Rent & rates include5 a provision of £,000 for additional renl charges for the period from August 2019 to March 2024, which are currently under negotiation with the landlord. SUPPORT COSTS Governance costs Charitable 23 687 Support Costs, included in the above, are as follows.. Governance costs 31.3.24 31.3.23 Total 8ctivitie5 Charitab18 Accountancy and legal fees 23,687 Page 16 continued...
VISION 211GLOUCESTERSHIRE) LTD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 NET INCOMEIIEXPENDITUREI Net incomellexpenditure) is slated after chargingl(credits'ng}'. 31.3.24 31.3.23 Depreciation - owned assets 9503 10. TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the yearended 31 March 2023. Trustees, expenses There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. 11. STAFF COSTS The average monthly number of employees during the year was as follows.. 31.3.24 31.3.23 10 Office and administration No employees received emolumenls in excess of £60,000. 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTtVlTIES UnrestricledRestricled funds fijnds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 17,782 19.795 37,577 Other trading activities Investment income 156,104 913 25.422 181,528 913 Total 174 799 220 016 EXPENDITURE ON Raising funds 9.080 9,080 Charltable activllies Charitable 20,614 289,147 Total 277,613 20.614 298,227 NET INCOMEIIEXPENDITURE) {102.814) 24,603 {78,2111 Page 17 continued...
VISION 21 (GLOUCESTERSHIRE} LTD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - contlnued UnresliictedReslricted funds funds Total funds RECONCILIATION OF FUNDS Total funds brought forward 190,966 100,814 291,780 TOTAL FUNDS CARRIED FORWARD 88.152 125 417 213 569 13. TANGIBLE FIXED ASSETS Fixtures and fittings Freehold PTopety Motor vehiclès Totals COST At 1 April 2023 Additions 100,752 3,420 11,607 5,036 44.069 156,428 8,456 Al 31 March 2024 104,172 44.069 DEPRECIATION Al 1 April 2023 Charge for year 3,357 2.021 8,409 1,075 15,135 26.901 10,137 At 31 March 2024 9.484 37.038 NET 800K VALUE At 31 March 2024 98.794 127,846 Al 31 March 2023 97,395 3,198 28,934 129.527 14. FIXED ASSET INVESTMENTS Unlisted investments MARKET VALUE At 1 April 2023 Disposals 19.564 At 31 MaTch 2024 NET BOOK VALUE Al 31 March 2024 Al 31 March 2023 There were no inveslmenl assets outside Ihe UK. Page 18 continued...
VISION 21 (GLOUCESTERSHIRE) LTD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 15. STOCKS 31.3.24 31.3.23 Stocks 7.445 5,000 16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31,3,23 Trade debtors VAT Accrued income Prepayments 12,245 965 3,250 1,638 21.475 2,272 2,805 26,552 17. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade Cfedilors VAT AccTued expenses Deferred income 15,276 4,792 1,046 70,911 42 000 89,999 4.800 110075 118749 18. MOVEMENT IN FUNDS Nel movement in funds Transfers beeen funds Al 31.3.24 Al 1.4.23 Unrestrlcted funds Vision 21 88.152 (52,117) 42,000 78.035 Restrlcted funds Vision 21 Restricted FUNI 125,417 50,083 <42,0001 133,500 TOTAL FUNDS 213,569 2.034) 211.535 Net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in lunds Unrestricted funds Vision 21 171,747 (223,8641 (52,117) Restricted fund5 Vision 21 Reslricled Fund 117.060 {66,977) 50,083 TOTAL FUNDS 288,807 290,841) 2,034) Page 19 continued...
VISION 21 (GLOUCESTERSHIRE> LTD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 18. MOVEMENT IN FUNDS- contlnued Comp3ratlves for movement in funds Net movement in funds At 31.3.23 Al 1.4.22 Unrestrlcted funds Viston 21 190,966 (102,814) 88,152 Restrlcted funds Vision 21 Restricted Fund 100,814 24,603 125,417 TOTAL FUNDS 291,780 78.211) 213,569 Comparative nel movemenl in funds, Included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestrlcted funds Vision 21 174.799 (277,613) 1102,8141 Restrlcted funds Vision 21 Restricted Fund Transillon Town 40,307 (15,7041 24,603 45,217 20,614) 24,603 TOTAL FUNDS 220,016 298.2271 78.211} Restrlcted Funds Vision 21 Reslricled Fund includes funding for projects on environmental awareness and education. Transfers betNeen funds Transfers are made between restricted and unrestricted funds al the end of every accounting period in cases where:. i) the activity of the restricted fund has come to an end and there is an unspent balance th81 is not repayable to the funderlsl, en the surplus is transferred to uniestricted funds. or ill the reslricled fund is in deficit and has either come lo an end or there 15 no prospecl of a surplus in a later period, when the deficit Is eliminated by transfer from unrestricted funds-, or iiil income that is received in the restrided fund covers in part some of the costs in the unrestricted lunds. Page 20 continued...
VISION 21 IGLOUCESTERSHIREI LTD NOTES TO THE FINANCIAL STATEMENTS . continued FOR THE YEAR ENDED 31 MARCH 2024 49. RELATED PARTY DISCLOSURES There were no related party transaction5 for the year ended 31 March 2024. Page 21
VISION 21 (GLOUCESTERSHIRE) LTD DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 31.3.24 31.3.23 INCOME AND ENDOWMENTS Donations and legacies Donations Grants Memberships Commission 32,518 64,555 15.742 21,760 75 83 97,156 37,577 Other trading actlvltles Project income Furniture sales Income from scrap melal Tenant rental & service charge Recycling credils Btjlky collections 25,115 88,313 1,g05 1,000 5,452 25,250 89,834 3,589 5,728 57.125 186,915 181,526 Invèstment Income Dividends Bank Interest on deposits 930 3,806 846 67 913 Total Incomlng resources 288,807 220,016 EXPENDITURE RaSsing donatlons and legaclès Fundraising costs 4,350 9,080 Charltable actlvltSes Wages Soclal security Pensions Rent & rates Insurance Light and heat Office costs Advertising Sundries Housekeeping Information Technology Meeting Expenses Safety equipment Carried fotward 144,452 5,954 2,680 46,736 2,688 2,090 2,226 1,529 1,603 263 1.121 339 1,480 213,161 119,361 4,625 2,183 94,420 2,705 2,758 2,956 905 620 298 972 37 1,283 233,123 This page doe5 not form part of Ihe slalulory financial statements Page 22
VISION 21 (GLOUCESTERSHIREI LTD DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 31.3.24 31.3.23 Charitable actlvltles Brought rOnard Staff travel & expenses Subscriplions & membership Motor expenses Volunteers expenses Repairs and renewals Project expenses Debil card machine costs Freehold property Fixtures and fittings Motor vehicles 213,161 4,105 242 14,366 3,681 5,910 6.911 4,291 2.021 1,075 7,041 233.123 2,151 540 11,244 5.252 2,951 1.421 3,309 2,015 572 262,804 269,494 Support Costs Governance costs Accountancy and legal fees 23,687 19,653 Totsl resources expended 290 841 298 227 Net expendlture 78,2111 This page does not form part of Ihe slalulory financial slalementS Page 23