**Charity registration number 1086138**
**Company registration number 04171822 (England and Wales)**
## **VILLAGES IN ACTION**
## **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2022**
## **VILLAGES IN ACTION**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**Trustees** H Bovey D J Buckroyd N G Chapman C G Devenish R H Sutton W A Van Der Plank **Secretary** C E Marshall **Charity number** 1086138 **Company number** 04171822 **Registered office** 26 Brunswick Street Teignmouth Devon TQ14 8AF **Independent examiner** Rowlands Webster Limited Austin House 43 Poole Road Bournemouth Dorset England BH4 9DN
## **VILLAGES IN ACTION**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 2|
|Independent examiner's report|3|
|Statement of financial activities|4|
|Balance sheet|5|
|Notes to the financial statements|6 - 8|
## **VILLAGES IN ACTION**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
The trustees present their annual report and financial statements for the year ended 31 March 2022.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) " (effective 1 January 2019 ).
## **Objectives and activities**
The Charity is established for the purposes of promoting, maintaining, improving and advancing education of the public, in particular of the County of Devon by the promotion and encouragement of the arts including the performing, visual, media, plastic and/or written arts, and by empowering communities to develop, organise, and sustain their own cultural activity and, in doing so, enhance their quality of life, encourage social inclusion and build up a sense of enterprise and self-confidence.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
## **Achievements and performance**
The Locomotor project, funded by Arts Council England, was delivered by the Cornish rural touring scheme Carn to Cove (C2C), part of the Creative Kernow organisation, under the ViA brand. In 2018 C2C set out to respond to both the imminent collapse of the mature ViA network and to opportunities that new partners and models could offer to improve sustainability, diversity and quality. The legacy of the rural touring programme delivery in Devon has been to secure the future of ViA, reinvigorating a valuable network of volunteers and delivering a coherent plan for a thriving rural performance having consulted widely with key stakeholders and tested new models of working together. We have also secured ongoing financial commitment from Local Authorities to the arts sector in Devon.
Over the final 6 months of the Locomotor project, the ViA team became more independent from C2C and, when the Arts Council England funding for the AgriCULTURE project was confirmed in January 2022, ViA was able to bring the management of activity back to Devon.
ViA is extremely grateful for C2C’s continued support, allowing rural touring to continue in Devon.
Since January 2022 the focus has been on reinvigorating the charity with a new staff team, renewed Board of Trustees and a new 2022 – 2025 Business Plan. The company policies have been reviewed and updated and systems and processes put in place including Quickbooks accounting software and Eventotron arts management system. An external accountant has also been instructed to assist with year end accounts.
With these systems in place, the charity is in a much stronger position to gain momentum in its activities and is rebuilding the artist and promoter database to enable events to be programmed across the rural parts of Devon.
## **Financial review**
The finances of Villages in Action are growing steadily with more fundraising applications in the pipeline. Successful grants have been received from Arts Council England, East Devon District Council, SSE Devon Enterprise Group. Unrestricted funds stood at £3 6 ,7 56 at 31 March 2022.
Of these unrestricted funds, £32,006 is designated to project delivery in 2022/23.
## **Structure, governance and management**
The charity is a company limited by guarantee incorporated 02 March 2001.
- 1 -
##
##
## **VILLAGES IN ACTION**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF VILLAGES IN ACTION**
I report to the trustees on my examination of the financial statements of Villages in Action (the charity) for the year ended 31 March 2022.
## **Responsibilities and basis of report**
As the trustees of the charity (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 financial statements of the charity 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 financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act) . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 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 financial statements to be reached.
## **Rowlands Webster Limited**
Austin House 43 Poole Road Bournemouth Dorset BH4 9DN England
Dated: .........................
- 3 -
## **VILLAGES IN ACTION**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 31 MARCH 2022**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2022**
**2022**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
43,408
-
**Expenditure on:**
Charitable activities
12,632
-
Other
-
-
**Total expenditure**
12,632
-
**Net incoming/(outgoing)**
**resources before transfers**
30,776
-
Gross transfers
between funds
1,254
(1,254)
**Net income/(expenditure)**
**for the year/**
**Net movement in funds**
32,030
(1,254)
Fund balances at 1 April 2021
4,726
1,254
**Fund balances at 31 March**
**2022**
36,756
-|**Total Unrestricted**
**Restricted**
**funds**
**funds**
**2022**
**2021**
**2021**
**£**
**£**
**£**
43,408
-
-
12,632
-
-
-
69
-
12,632
69
-
30,776
(69)
-
-
-
-
30,776
(69)
-
5,980
4,795
1,254
36,756
4,726
1,254|**Total**
**2021**
**£**
-
-
69
69
(69)
-
(69)
6,049
5,980|
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
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##
##
##
|||2022|||2021|||
|---|---|---|---|---|---|---|---|
||Notes|f|f||€||f,|
|Gurrentassets||||||||
|Cash at bank and in hand||37,436|||5,980|||
|Creditors: amounts fallingduewithin||||||||
|oneyear|5|(680)|||||t.|
|Net current assets|||36,756||||5,980|
|lncomefunds||||||||
|Restrictedfunds|||||||1,254|
|Unrestrictedfunds||||||||
|Designatedfunds|6|32,006||||||
|General unrestricted funds||4,750|||4,72;|||
||||36,756||||4,726|
||||36,756||||5,980|
|||||:r.|i!|:||
## **VILLAGES IN ACTION**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **1 Accounting policies**
## **Charity information**
Villages in Action is a private company limited by guarantee incorporated in England and Wales. The registered office is 26 Brunswick Street, Teignmouth, Devon, TQ14 8AF.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's [governing document], the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling , which is the functional currency of the charity . Monetary a mounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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## **VILLAGES IN ACTION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **1 Accounting policies**
## **(Continued)**
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
## **1.6 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity ’s contractual obligations expire or are discharged or cancelled.
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## **3 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
## **4 Employees**
The average monthly number of employees during the year was:
||The average monthly number of employees during the year was:|||
|---|---|---|---|
|||**2022**|**2021**|
|||**Number**|**Number**|
||Total|-|-|
||There were no employees whose annual remuneration was more than £60,000.|||
|**5**|**Creditors: amounts falling due within one year**|||
|||**2022**|**2021**|
|||**£**|**£**|
||Trade creditors|680|-|
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## **VILLAGES IN ACTION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **6 Designated funds**
The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:
||**Movement**||**Movement**||
|---|---|---|---|---|
||**in funds**||**in funds**||
||**Incoming**|**Balance at**|**Incoming**|
**Balance at**|
||**resources**|**1 April 2021**|**resources**|
**31 March 2022**|
||**£**|**£**|
**£**|
**£**|
|Agriculture|-|-|
24,506|
24,506|
|SSE|-|-|
7,500|
7,500|
||-|-|
32,006|
32,006|
## **7 Related party transactions**
There were no disclosable related party transactions during the year (2021 - none) .
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