Company registration number: 04379873 Charity registration number: 1091495
Eastwood Volunteer Bureau
(A company limited by guarantee)
Annual Report and Financial Statements
for the Year Ended 31 March 2024
Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL
Eastwood Volunteer Bureau
Contents
| Reference and Administrative Details | 1 |
|---|---|
| Trustees Report | 2 to 6 |
| Independent Examiner's Report | 7 |
| Statement of Financial Activities | 8 to 9 |
| Balance Sheet | 10 |
| Notes to the Financial Statements | 11 to 19 |
Eastwood Volunteer Bureau
Reference and Administrative Details
Trustees Tony Harper, Chair Dawn Booth Michael Panter Yvonne Hawthorne Ken Woodhead Jane Statham Jackie Smith Senior Management Team Rachel Laurenson, Manager Charity Registration Number 1091495 Company Registration Number 04379873 Registered Office Wellington Place Eastwood Nottinghamshire NG16 3GB Independent Examiner John O'Brien, employee of Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL
Page 1
Eastwood Volunteer Bureau
Trustees Report
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements and auditors' report of the charitable company for the year ended 31 March 2024.
Trustees and officers
The trustees and officers serving during the year and since the year end were as follows:
Trustees: Tony Harper, Chair Dawn Booth Michael Panter Yvonne Hawthorne (appointed 7 May 2024) Ken Woodhead (appointed 1 October 2023) Jane Statham (appointed 1 October 2023) Jackie Smith (appointed 1 October 2023) Douglas Wilcockson (resigned 28 March 2024) David Bagshaw (resigned 6 September 2023)
Colin Hawthorne (appointed 2 August 2023 and resigned 28 March 2024)
Structure, governance and management
Nature of governing document
The charity is a company limited by guarantee and registered charity. It is operated under the rules of its memorandum and articles of association dated 22 February 2002. It has no share capital and the liability of each member in the event of winding-up is limited to £1.
Recruitment and appointment of trustees
Overall management of the charity is the responsibility of the trustees who are elected and co-opted under the terms of the memorandum and articles of association. Day to day project activity is managed by the Bureau Manager and Project Co-ordinators.
Objectives and activities
Objects and aims
The object of the company shall be to promote the benefit of the inhabitants of Eastwood and its environs by associating together the inhabitants and the local authorities, voluntary and other organisation to promote voluntary work and to advance the education of the volunteers by providing advice, information and assistance where appropriate.
Page 2
Eastwood Volunteer Bureau
Trustees Report
Objectives, strategies and activities
(a) To provide charitable transport facilities in North Broxtowe* for people who cannot use public transport because they are elderly, poor or disabled;
(b) The promotion of social inclusion in North Broxtowe amongst elderly or disabled, who are excluded or isolated from society because of age or infirmity;
(c) The relief of poverty in North Broxtowe by the provision of a Food Bank;
(d) To provide other charitable services from time to time as the trustees see fit;
(e) To recruit and support the work of volunteers to carry out these services.
- (North Broxtowe includes Awsworth, Brinsley, Cossall, Eastwood, Kimberley, Newthorpe, Nuthall, Watnall and surrounding areas.)
Public benefit
Our aims are met by 3 core schemes:
-
Community Transport Scheme;
-
Be-A-Friend Scheme;
-
Food Parcel distribution scheme.
The Community Transport scheme continues to grow and we currently have 314 clients registered as at the end of March 2024. This remains a very valued service for the community which provides affordable transport for the elderly and those unable to use public transport. At the end of this year we had a total of 10 volunteer drivers, an increase of 4 over the last year.
Our Be-A-Friending Scheme continues to grow and at the end of the financial year we had 12 volunteers visiting 13 clients. This important service arranges for volunteers to visit the isolated amd lonely in the local community.
The Food Bank which is now open every Friday, continues to grow supplying up to 60 parcels each week.
We continue to support organisations like VAB (Voluntary Action Broxtowe), BWP (Broxtowe Womens Project), Eastwood Mental Health Group, Eastwood People's Inititiative, Framework & CGL (Change Grow Live).
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Page 3
Eastwood Volunteer Bureau
Trustees Report
Achievements and performance
This last year has been difficult as our long time manager retired last May. We have appointed Rachel Laurenson as our new manager.
Our Be-A-Friend Scheme is working as normal. It has the Accreditation organised by the National Council for Voluntary Organisations's Mentoring and Befriending Foundation.
The Transport Scheme is still providing a great service to the community, however we do experience an ongoing issue with shortage of volunteer drivers.
The Food Bank continues to be very busy and we can distribute up to 240 parcels a month.
In the present financial climate, we believe this can only get worse as so many people are struggling to feed themselves and their families. This increased demand has put an enormous strain on finances of the Food Bank as donations cannot cover the food required and our previous large stock is now depleted. Fortunately we have been supported by many small charities. The local community and supermarkets have been extremely generous with donations of food.
We still have the use of a storage container situated next to the bureau. We have had a range of shelving installed in one of our rooms for the use of the Food Bank. Our volunteers continue to make up the food parcels on a weekly basis ready for being handed out.
During the last year we have tried to increase our income from Room Rental and this is now showing some good results.
All involved in the Eastwood Volunteer Bureau are committed and passionate about the work of the bureau. We believe that we have a responsibility to run all of our schemes with efficiency whilst keeping a careful eye upon the most economic use of our limited resources.
Page 4
Eastwood Volunteer Bureau
Trustees Report
Financial review
After a difficult year we have been able to maintain our financial position at a similar level to last year. Our Room Rental income is beginning to improve and we have been able to attract various grants to help the Bureau.
We have had a small grant for the transport scheme from Notts county council of £1,070.
Policy on reserves
Our reserves policy includes:
In line with good current practice in the event of closure, the Eastwood Volunteer Bureau will aim to hold sufficient reserves to :
-
Honour its liabilities to staff, suppliers and other organisations.
-
Have sufficient funds to continue normal operations.
Reserves Estimate as at 31/03/2024
a. Closure costs Redundancy £3,555 Notice costs £ 1,140 Unpaid salary costs £526 Residual holiday ( Ave 1 wk) £263 TOTAL £5,484
Contracts – photocopier Grenke Leasing Ltd Started on 27/9/2023
18 Payments @ £454.75 per quarter = £8,185.50
Operating cash flow £13,000
TOTAL £26,669
Principal risks and uncertainties
Funding of our schemes
The funding of our schemes continues to be a cause for concern as we are dependent on charitable funding.
We are very grateful to all our funders. We rely on these organisations to continue our charitable work. We would like to thank Nottinghamshire County Council for £4,640, Eastwood Town Council £750, B and E Hutsby £200, Broxtowe Borough Council £1,000, Barrat Homes £3,000, Thoresby Lodge £140.
Page 5
Eashvood Volunteer Bureau Trustees Report Statement of Responsibilities The trustees {who are also the directors of Eastwood Volunteer Bureau for the purposes of company law) are responsible for preparing the lrnstees, report and the financial statements in accordan¢e with applicable law and United Kingdom Accountin? Standards (United Kingdom Generally Accepted .4ccounting Practice}, including FRS 10? 'The Financial Reporting Siandard applicable in tlie UK and Republic of Ire13nd" The report and accounls have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies. Company law requires Ihe Iruslees lo prepare financial statemenls for each financi81 year. Under company law the Irustees must not approve the financial slatemenls unless they are satisfied Ih3t they give a true and fair view of the state of affairs of ihe charitable company and of the incoming resources and application of resources, including ils income and expendilure. of the charilable cornpany for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and apply ihem consistenilj.: observe the methods and principles in the Charities SORP- make judgements and estimates that are reasonable and prudent. stale wheiher applicable accounling standards. comprising FRS 10? have been followed. subject to any material departures di5¢1osed and explained in the financial statemenls. and prepare ihe financial stalemenis on the going concern basis unless il is inappropriate to presume tl)at the charitable company will conlinue in business. The Iruslees are responsible for keeping proper accouniing records that can dis¢lose with reasonable accuracy al any time the financial position of the charilable company and enable them to ensure thai the financial statements comply with the Companies Act ?006. They are also r¢5ponsible for safeguarding lh¢ asseis of the charitable company and hence for taking reasonable sleps for Ihe prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrit), of the corporate and financial inforniation included on the chariiable company's website. Legislation governing the preparation and dissemiiialioii of financial siatements may differ from legislation in other jurisdictions. Sm411 companies provisiolj St4temen¢ This report has been prepared in accordance wtth the small companies regime under the Companies Act 2006. The annual report was approved by the trustees of the charity on lo. . and signed on its behalf by: Tony arp Trnste¢ Page 6
Eastwood Volunteer Bureau
Independent Examiner's Report to the trustees of Eastwood Volunteer Bureau ('the Company')
Independent examiner’s report to the trustees of Eastwood Volunteer Bureau ('the Company')
I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2024.
Responsibilities and basis of report
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner’s statement
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:
-
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 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
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
a> ......................................
John O'Brien MSc, FAIA, FCCA, FCIE, employee of Community Accounting Plus Fellow of the Association of Charity Independent Examiners
Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL 16/10/24 Date:.............................
Page 7
Eastwood Volunteer Bureau
Statement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
| Note Income and Endowments from: Donations and legacies 2 Charitable activities 3 Investment income 4 Total Income Expenditure on: Charitable activities 6 Total Expenditure Net (expenditure)/income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 18 |
Unrestricted £ 18,670 27,140 730 46,540 (51,668) (51,668) (5,128) (5,128) 56,169 51,041 |
Restricted £ - 11,570 - 11,570 (11,570) (11,570) - - - - |
Total 2024 £ 18,670 38,710 730 58,110 (63,238) (63,238) (5,128) (5,128) 56,169 51,041 |
Total 2023 £ 18,681 35,045 209 |
|---|---|---|---|---|
| 53,935 | ||||
| (53,541) | ||||
| (53,541) | ||||
| 394 | ||||
| 394 55,775 |
||||
| 56,169 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for the period is shown in note 18.
The notes on pages 11 to 19 form an integral part of these financial statements. Page 8
Eastwood Volunteer Bureau
Statement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
These are the figures for the previous accounting period and are included for comparative purposes
| Note Income and Endowments from: Donations and legacies 2 Charitable activities 3 Investment income 4 Total income Expenditure on: Charitable activities 6 Total expenditure Net income/(expenditure) Transfers between funds Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 18 |
Unrestricted funds £ 18,681 30,045 209 48,935 (47,883) (47,883) 1,052 (658) 394 55,775 56,169 |
Restricted funds £ - 5,000 - 5,000 (5,658) (5,658) (658) 658 - - - |
Total 2023 £ 18,681 35,045 209 |
|---|---|---|---|
| 53,935 | |||
| (53,541) | |||
| (53,541) | |||
| 394 - |
|||
| 394 55,775 |
|||
| 56,169 |
The notes on pages 11 to 19 form an integral part of these financial statements. Page 9
Eashvood Volunteer Bureau (Registration number: 04379873} Balance Sheet as at 31 March 2024 2024 2023 Note Current a55et5 Debtors Cash ai bank and in hand 12 920 51,749 1,169 56,008 13 52.669 57.177 Creditors: Amounts falling dut within one year 14 (1.628) 11.008) Net assets 51,041 56.169 Funds of the tharity: Unrestricted income funds Unre5tricled funds 51.041 56.169 Total funds 18 51.041 56.169 For the financial year ending 31 March 2024 the charity was enlitled to exemption from audit under seclion 477 of ihe Companies A¢1 2006 relatin8 to small companies. Dircctors, responsibilities: The members have not required the charity to obiain an audii of its accounts for the year in question in accordance with section 476: and The directors acknowledge their responsibilities for complying with the requiremenis of the Act wilh respect to accounting re¢ords and the preparation of accounts. These financial slatements have been prepared in accordance with ihe special provisions relating to cornpanies subject lo the small companies regime within Part 15 of the Companies Act 2006. In cial statements on pages 8 to 19 were approved by the trustees. and authorised for issue on nd signed on their behalf by- Tony arp¢r Trusle¢ The notes on pages I I to 19 forni an integrdl part of these financial statements. Page 10
Eastwood Volunteer Bureau
Notes to the Financial Statements for the Year Ended 31 March 2024
1 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared in accordance with 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)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Basis of preparation
Eastwood Volunteer Bureau meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Going concern
The financial statements have been prepared on a going concern basis.
The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.
Exemption from preparing a cash flow statement
Under the exemption available to smaller charities the Board of Trustees has chosen not to include a Statement of Cash Flows within the financial statements.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
Grants receivable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
Page 11
Eastwood Volunteer Bureau
Notes to the Financial Statements for the Year Ended 31 March 2024
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class Depreciation method and rate Computer equipment 33.3% straight line
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.
Page 12
Eastwood Volunteer Bureau
Notes to the Financial Statements for the Year Ended 31 March 2024
Pensions and other post retirement obligations
The charity operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the charity. Pension costs charges in the Statement of Financial Activities represent the contributions payable by the charity during the year.
2 Income from donations and legacies
| Donations and legacies; Donations from companies, trusts and similar proceeds Grants, including capital grants; Government grants |
Unrestricted funds General £ 12,280 6,390 18,670 |
Total 2024 £ 12,280 6,390 18,670 |
Total 2023 £ 16,576 2,105 |
|---|---|---|---|
| 18,681 |
3 Income from charitable activities
| Grants Booking fees Passenger fares Fundraising Photocopying Rental income Transport reimbursement |
Unrestricted funds General £ - 1,371 1,046 1,301 - 23,296 126 27,140 |
Restricted funds £ 11,570 - - - - - - 11,570 |
Total 2024 £ 11,570 1,371 1,046 1,301 - 23,296 126 38,710 |
Total 2023 £ 5,000 1,392 1,486 382 6 26,779 - |
|---|---|---|---|---|
| 35,045 |
4 Investment income
| Interest receivable and similar income; Interest receivable on bank deposits |
Unrestricted funds General £ 730 |
Total 2024 £ 730 |
Total 2023 £ 209 |
|---|---|---|---|
Page 13
Eastwood Volunteer Bureau
Notes to the Financial Statements for the Year Ended 31 March 2024
5 Grants & donations
| 5 Grants & donations |
|||
|---|---|---|---|
| Nottinghamshire County Council Sundry grants & donations Eastwood Town Council Barratt Homes Broxtowe Borough Council National Lottery Community Fund |
Unrestricted funds £ 4,640 9,280 750 3,000 1,000 - 18,670 |
Restricted funds £ - - - - - 11,570 11,570 |
Total £ 4,640 9,280 750 3,000 1,000 11,570 |
| 30,240 |
6 Expenditure on charitable activities
| Accountancy & professional fees Bank charges Computer support & equipment Driver expenses Equipment, repairs & renewals DBS checks Fundraising Hospitality & refreshments Food supplies Insurance Postage & telephone Printing & stationery Rent & services Subscriptions & affiliation Sundry expenditure Travel & subsistence Volunteer expenses Wages, NI & pension |
Unrestricted funds General £ 1,790 106 971 1,738 243 235 140 301 - 1,512 1,003 3,256 - 195 170 - 224 39,784 51,668 |
Restricted funds £ - - - - 2,727 - - 106 6,580 - - - 2,157 - - - - - 11,570 |
Total 2024 £ 1,790 106 971 1,738 2,970 235 140 407 6,580 1,512 1,003 3,256 2,157 195 170 - 224 39,784 63,238 |
Total 2023 £ 1,768 98 1,102 1,752 762 23 129 80 2,715 1,365 987 1,931 9,089 333 289 50 219 30,849 |
|---|---|---|---|---|
| 53,541 |
Page 14
Eastwood Volunteer Bureau
Notes to the Financial Statements for the Year Ended 31 March 2024
7 Staff costs
The aggregate payroll costs were as follows:
| Staff costs during the year were: Wages and salaries Pension costs |
2024 £ 39,466 318 39,784 |
2023 £ 30,719 130 |
|---|---|---|
| 30,849 |
The monthly average number of persons (including senior management team) employed by the charity during the year was as follows:
| Average number of employees | 2024 No 5 |
2023 No 3 |
|---|---|---|
2 (2023 - 1) of the above employees participated in the Defined Contribution Pension Schemes.
Contributions to the employee pension schemes for the year totalled £318 (2023 - £130).
No employee received emoluments of more than £60,000 during the year.
The total employee benefits of the key management personnel of the charity were £13,193 (2023 - £13,520).
8 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
9 Related party transactions
There were no related party transactions in the year.
10 Taxation
The charity is a registered charity and is therefore exempt from taxation.
Page 15
Eastwood Volunteer Bureau
Notes to the Financial Statements for the Year Ended 31 March 2024
11 Tangible fixed assets
| Cost At 1 April 2023 At 31 March 2024 Depreciation At 1 April 2023 At 31 March 2024 Net book value At 31 March 2024 At 31 March 2023 12 Debtors Trade debtors Prepayments Other debtors 13 Cash and cash equivalents Cash on hand Cash at bank 14 Creditors: amounts falling due within one year Other taxation and social security Other creditors |
Computer equipment £ 1,385 |
Total £ 1,385 1,385 1,385 1,385 - - 2023 £ 301 358 510 |
||
|---|---|---|---|---|
| 1,385 | ||||
| 1,385 | ||||
| 1,385 | ||||
| - | ||||
| - | ||||
| 2024 £ 553 367 - 920 2024 £ 764 50,985 51,749 2024 £ 461 1,167 1,628 |
||||
| 1,169 | ||||
| 2023 £ 1,285 54,723 |
||||
| 56,008 | ||||
| 2023 £ - 1,008 |
||||
| 1,008 |
Page 16
Eastwood Volunteer Bureau
Notes to the Financial Statements for the Year Ended 31 March 2024
15 Obligations under leases and hire purchase contracts
Operating lease commitments
Total future minimum lease payments under non-cancellable operating leases are as follows:
| Photocopier Within one year Between one and five years |
2024 £ 2,238 6,366 8,604 |
2023 £ 1,675 1,256 |
|---|---|---|
| 2,931 |
16 Charity status
The charity is a company limited by guarantee and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.
17 Fees payable to independent examiner
During the period, the fees payable (excluding VAT) to the charity’s independent examiner Community Accounting Plus are analysed as follows:
| Independent examination Other financial services |
2024 £ 890 606 1,496 |
2023 £ 800 480 |
|---|---|---|
| 1,280 |
Page 17
Eastwood Volunteer Bureau
Notes to the Financial Statements for the Year Ended 31 March 2024
| 18 Funds Unrestricted funds General General fund Other Transport Total unrestricted funds Restricted funds Cost of living fund (Lottery) Total funds |
Balance at 1 April 2023 £ 48,731 7,438 7,438 56,169 - 56,169 |
Incoming resources £ 42,919 3,621 3,621 46,540 11,570 58,110 |
Resources expended £ (41,642) (10,026) (10,026) (51,668) (11,570) (63,238) |
Balance at 31 March 2024 £ 50,008 1,033 |
|---|---|---|---|---|
| 1,033 | ||||
| 51,041 - |
||||
| 51,041 |
The specific purposes for which the funds are to be applied are as follows:
Transport - scheme that provides affordable transport for the elderly and those unable to use public transport. Cost of living fund (Lottery) - towards running costs of the Food Bank.
| Unrestricted funds General General fund Other Transport Total unrestricted funds Restricted Be-A-Friend Co-ordinator Total funds |
Balance at 1 April 2022 £ 45,425 10,350 10,350 55,775 - 55,775 |
Incoming resources £ 46,043 2,892 2,892 48,935 5,000 53,935 |
Resources expended £ (42,079) (5,804) (5,804) (47,883) (5,658) (53,541) |
Transfers £ (658) - - (658) 658 - |
Balance at 31 March 2023 £ 48,731 7,438 |
|---|---|---|---|---|---|
| 7,438 | |||||
| 56,169 - |
|||||
| 56,169 |
Page 18
Eastwood Volunteer Bureau
Notes to the Financial Statements for the Year Ended 31 March 2024
19 Analysis of net assets between funds
Unrestricted
| Unrestricted | ||
|---|---|---|
| Current assets Current liabilities Total net assets Current assets Current liabilities Total net assets |
General £ 52,669 (1,628) 51,041 Unrestricted General £ 57,177 (1,008) 56,169 |
2024 Total funds £ 52,669 (1,628) |
| 51,041 | ||
| 2023 Total funds £ 57,177 (1,008) |
||
| 56,169 |
Page 19