## **Dial South Worcestershire** ## **Financial Accounts** For the Year Ending 31 March 2024 Company Registration No. 04150056 Charity registration No. 1085677 ( A company Limited by Guarantee ) ## Dial South Worcestershire ## Management Committee ## Trustees Elena Victoria Round ( Secretary) Elise Masterman ( Chair of Trustees) Donna Saunders Janet Butler Rachael Chapman Susan Ellis Ann Marden ## **INDEPENDENT EXAMINER’S REPORT** ## **Dial South Worcestershire** ## **FOR THE YEAR ENDED 31 March 2024** I report to the trustees on my examination of the accounts of Dial South Worcestershire Charitable Trust for the year ended 31 March 2024. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the Charities Act 2011 (the Act). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity’s Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with my examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. 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. ……………………………………… James Wright-Anderson FCCA Chartered Certified Accountant 9 Malvern Road Worcester WR2 4LE ## Dial South Worcestershire ## Balance Sheet ## As At 31 March 2024 |**CURRENT ASSETS**|Note|General|Restricted|Total|2023| |---|---|---|---|---|---| |||Fund|Funds||| |Cash at Bank and in Hand||46,372|-|46,372|47,123| |Other Debtors||1,931|-|1,931|-| |||---------|---------|---------|---------| |Total Current Assets||48,303|-|48,303|47,123| |**CURRENT LIABILITIES**|||||| |Accruals & Short Term Creditors|12|(6,494)|-
|(6,494)|(600)| |||----------|----------|----------|---------| |NET ASSETS||41,809|-|41,809|46,523| |||----------|----------|----------|----------| |**GENERAL RESERVES**|||||| |As at 1 April 2023||46,523|-|46,523|63,391| |Change in Reserves||(4,714)|-
|(4,714)|(16,868)| |||---------|---------|----------|---------| |As at 31 March 2024||41,809|-|41,809|46,523| |||----------|---------|----------|---------| For the year ending 31/03/2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006 The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to small companies regime. SIGNED Elise Masterman Chair of Trustees Date ## Dial South Worcestershire ## Statement of Financial Activities For the Year ending 31 March 2024 ## Income and Expenditure account ||Note|General|Restricted|Total|2023| |---|---|---|---|---|---| |INCOMING RESOURCES||fund|funds||| |Worcs CC SS Grant|2a|22,918|-|22,918|20,735| |COVID-19||-|-|-|-| |HMRC||-|-|-|-| |Fund Raising|2b|-|-|-|6,825| |Donatons|4|1,305|-|1,305|1,978| |Bank Interest|4|918|-|918|344| |Gif Aid||-|-|-|-| |||----------|--------|----------|----------| |||25,141|-|25,141|29,882| |||----------|--------|----------|----------| |RESOURCES EXPENDED|||||| |Charitable Expenditure|3a|29,855|-|29,855|46,750| |||----------|---------|----------|---------| |TOTAL RESOURCES EXPENDED||29,855|-
|29,855|46,570| |||======|======|======|======| |Transfer between funds|5|-|-|-|-| |||-----------|-----------|-----------|----------| |Net Movement in Funds|5|(4,714)|-
|(4,714)|(16,868)| |||=======|=======|=======|======| |Fund Balance brought forward||46,523|-|46,523|63,391| |Fund Balance carried forward||41,809|-|41,809|46,523| |||======|=======|======|======| ## Dial South Worcestershire ## Notes to the Financial Statements for the year ending 31 March 2024 ## 1 Accounting Policies ## a) Basis of preparation of accounts The Financial Statements have been prepared under the historical cost convention and comply with the Companies Act 1985. The Financial Statements have been prepared in accordance with the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities March 2005’, the Financial Reposting Standard for Smaller Entities (FRSSE) and applicable accounting standards. ## b) Fund Accounting Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the charitable objective of DIAL. Restricted funds are subject to specific restrictions imposed by doners or by the purpose of the appeal. The purpose and use of restricted funds is set out in the notes of the financial statements. ## c) Incoming resources All income is accounted for as soon as DIAL has entitlement to the income, there is certainty of receipt, and the amount is quantifiable. 9. Donated facilities are as described in note ## d) Pension policy DIAL operates a pensions policy in compliance with stakeholder pension requirements and contributes at the rate of 5% of salary. ## e) Resources expanded All expenditure is accounted for on an accruals basis and has been listed under headings which aggregate all the costs related to that activity. Where costs cannot be directly attributed, they have been allocated to activities on a basis consistent with the use of resources. Direct costs, including directly attributable salaries, are allocated on an actual cost basis to the areas of activity. Overheads are allocated between expense headings on the basis of time spent. Governance costs are no longer required to be displayed separately in the financial accounts and organisational administration and compliance with constitutional and statutory requirements. ## f) Fixed Assets Policy Assets valued at under £1,000 are written off in the year of purchase. Assets over £1,000 are depreciated at 25% of cost per annum for tangible fixed assts and 33% of cost per annum for computers so as to write off their expected useful lives. ## g) Changes to previous accounts None ## h) Interest Received In accordance with ACEVO recommendation, interest received on combined bank accounts has been allocated proportionately to restricted accounts only when there has been a specific request in the contract with the funding organisations. No such requests have been received. ## Dial South Worcestershire ## Notes to the Financial Statements for the year ending 31 March 2024 Continued ## 2 Income ## a) Grants Dial South Worcestershire has a contract from Worcestershire County Council (WCC) as part of the Worcestershire Advice Network partnership with Citizen’s advice / WHABAC and Age UK’s to provide information services on contract to the council ## b) Fundraising Dial has been successful in winning funds from various trusts and charities which are outlined below. Without the support of these sponsors Dial would not be able to carry out the full range of its services and we are extremely grateful for their support. |HMRC
Sundry Donatons
MS Society
Worcester advice Network
Disability LTD
John Martns Charity
Worcestershire CAB
Bank Interest
|General
Fund
£
-
1,305
-
22,918
-
-
-
918
25,141|Restricted
Funds
£
-
-
-
-
-
-
-
-
-|2024
Total
£
-
1,305
-
22,918
-
-
-
918
25,141|2023
£
-
1,978
6,825
20,735
-
-
-
344_
_29,882| |---|---|---|---|---| |||||
_| ## 3 Resource expanded The Activities of the charity are determined by the direct request of clients. It is estimated that about 15% of the time of the core project is spent on management and administration. ## a) Analysis of total resources expanded ||General|Restricted|Total| |---|---|---|---| ||Fund|Funds|| ||£|£|£| |Charitable Actvites|29,855|-|29,855| |Transfer between funds|||| ||General|Restricted|| ||Fund|Funds|| ||£|£|| |Transfer between funds|-|-|| ||======|=======|| ## b) Transfer between funds ## Dial South Worcestershire Notes to the Financial Statements for the year ending 31 March 2024 Continued ## c) Analysis of Costs ||| |---|---| |is of Costs
Salaries
Travel
Telephone and Postage
Professional Fees
Copier Hire
Printng
Core
Independent Examiners Review|Total
£
23,144
-
1,831
1,560
709
831
1,120
660| ||29,855| From April 2023 to March 2024 there were two part time employees who worked the equivalent of 1.2 FT employees (based on a 37 hour week.) ## 4 Analysis of Income resources The principal incoming resources are grants and fundraising. ## 5 Movement of Funds |5 Movement of Funds||||| |---|---|---|---|---| |Income
HMRC
Sundry Donatons
MS Society
Worcestershire advice network
Disability Ltd
John Martns charity
Worcestershire CAB
Bank Interest
WCF COVID-19
Expenditure
Transfers
Net Balance
B/fwd.

Balance|General
Fund
£
-
1,305
-
22,918
-
-
-
918
-
----------
25,141
29,855
-
(4,714)
46,523
41,809|Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-----------
-
-
-
-
-
-|2024
Total
£
-
1,305
-
22,918
-
-
-
918
-
-----------
25,141_
29,855
-
(4,714)
46,523
41,809|2023
Total
£
-
1,978
6,825
20,735
-
-
-
344
-
---------
29,882
46,750
-
(16,868)| |||||63,391
46,523| ## Dial South Worcestershire Notes to the Financial Statements for the year ending 31 March 2024 Continued - 6 No Remuneration was paid to trustees during the year. - 7 No travel expenses were paid to trustees during the year. 8 No indemnity insurance was paid to protect the charity from loss arising from the neglect or defaults of its employees and volunteers. of premises and services free of cost, and the continued support of volunteers who enable the work of DIAL. ## 10 Reserves and future liabilities The trustees have a policy of maintaining the reserves above a level that would meet the predicted redundancy costs of the staff; there are no contract costs for premises or services. ## 11 Debtors and prepayments Debtors include £1,931 due from HMRC for overpaid PAYE. ## 12 Creditors and Accruals 13 Balances in restricted funds There are no restricted funds. ## 14 Fixed Assets Purchases of less than £1,000 are written off in the year of acquisition. DIAL has no single asset of value greater than £2,000. Value at 31 March 2024 of office computers £NIL ## 15 Organisation risks Future funding of the organization beyond March 2024 depends on the renewal of replacement of existing Service Level agreement for the core project and securing sources of funding for the Welfare ## 16 Reserves Policy The Trustees have a policy to maintain sufficient reserves to ensure the continued operation of the charity for three months.