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2023-03-31-accounts

Charity registration number 1092735

Company registration number 4361648 (England and Wales)

VITA NOVA

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

VITA NOVA

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees M Hancock - Chair P Dyer L Buswell D J Temple (Appointed 7 September 2022) L Fenge (Appointed 12 April 2023) Charity number 1092735 Company number 4361648 Principal address 11 Roumelia Lane Boscombe Dorset BH5 1EU Registered office 11 Roumelia Lane Boscombe Dorset BH5 1EU Independent examiner F J Wilde FCCA MBA DChA Warner Wilde 4 Marigold Drive Bisley Surrey GU24 9SF Bankers Natwest

VITA NOVA

CONTENTS

Page
Trustees' report 1 - 4
Independent examiner's report 5
Statement of financial activities 6
Balance sheet 7
Notes to the accounts 8 - 16

VITA NOVA

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 MARCH 2023

The trustees present their annual report and financial statements for the year ended 31 March 2023.

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 objectives of this charity are: the advancement of public education in drug and alcohol awareness including issues related to sexual health, health, mental health, anti-social behaviour and bullying, in particular through public performances, drama productions, workshops and talks, and the relief of recovering addicts and people with mental health issues, through the provision of training and diversionary activities and there has been no change in these activities during the year.

Public Benefit

The Trustees have referred to the guidance in the Charity Commission’s general guidance on public benefit when reviewing the charity’s aims and objectives and in planning its future activities. They do not consider that the charity’s activities include any potential detriment or harm or that they convey any significant incidental private benefit.

Activities

The charity’s main activities are based in the local community and across Dorset and Hampshire providing drama based education products in schools and other youth and community projects together with ongoing workshops and support to those in recovery, mental health issues and marginalized members of the local community.

Achievements and performance

From the Chair Martin Hancock

Vita Nova’s financial situation improved towards the end of the year thanks to two significant funding successes that will help us develop a new play based around County lines, as well as work to deliver the Nest and the new play into schools across Dorset rather than just the usual BCP area.

Thanks once again to the considerable commitment, compassion and energy of our Artistic Director, Sharon, Vita Nova has made significant progress during the past year and increasing impact on so many more lives as numbers of members of our community have been involved.

We continued to build on the broader weekly offer started in the previous year and towards the end of the year produced a new Business Plan working with Michael Armstrong who is now our part time Creative Producer, bringing significant experience and skills to help us move forward and continue to grow our offer and fundraising opportunities.

Our profile has been raised and more funders seeing the value of what we are doing, although it is still a very tough world to source longer term 2-to-3-year income.

I have been Chair of the Vita Nova Trustees since May 2015 and very grateful of the commitment and energy of the other Trustees ensuring we continue to support our members in their recovery. During this financial year our board membership also remained stable and we are seeking to expand the number of Trustees especially around the creative arts areas as well as financial and governance. We have one established Vita Nova service user/volunteer on the Board.

VITA NOVA

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

We are delighted to have added Lee-Ann to the Trustees since the year end who is Professor of Social Care, Director of the Centre for Seldom Heard Voices at Bournemouth University with whom we have worked with a couple of research projects during the past year.

Some of the highlights of the year are covered below demonstrating the continued development of our offer even though there is the usual continued need to submit requests for more funding and grants to ensure we can sustain the high level and quality of our services. That is forever the pressure on similar sized charities whose members are not in a position to pay for our services, and we are encouraged that we have been more successful during the year gaining funding and for 2023/24

Vita Nova demonstrated an improved mix of income streams: earned income from hires and events, charitable donations and grants from Trusts and Foundations. Whilst there is no sustained funding from BCP Council, the charity reacted nimbly to BCP Council’s ASPIRE programme, supporting the programme’s aims through weekly creative workshops. Funding extended to March 2023, generating additional income of c£1300 every 6 weeks for the use of the space and to pay facilitators.

In 22/23 funding awards from Trusts/Foundations included Alice Ellen Cooper Dean Charitable Trust, BH Coastal Lottery, Dorset Community Neighbourhood Fund and the George Temperance Trust. In addition, we received Arts Council England (ACE) Jubilee funding (£10000), Dorset Public Health awarded £35000 (non-recurring) funding to extend the school outreach programme to Dorset schools and finally Talbot Village Trust awarded £22000 to sustain the core costs of the curriculum and to expand staff capacity.

Programme highlights

Alcohol and Drug Prevention

The charity provides people recovering from drug/alcohol addiction a means of putting their life experience to use, benefiting society, whilst offering structure, bolstering self-esteem and developing new skills. Vita Nova continues to offer drug and alcohol awareness through

Jubilee Event Saturday 18th June

An ambitious and well received outdoor production that profiled the range of services and creative work of the charity: it also featured collaborative performances from local partners, vendors and a series of staged performances, the event was well attended from across the local community.

Expanded curriculum

As we continued to rebuild from the pandemic, we extended the arts curriculum recruiting a new music lead, Jack Grace who continues to deliver a weekly session; the BCP Aspire programme enabled two weekly workshops, Fun Drama and Repair, Re-wear and Reuse to continue through the year, both of which took a more integrated approach and welcomed other vulnerable adults from across the community.

Bournemouth University

This longitudinal research programme ‘Community Health Assets’, led by Lee-Ann Fenge (Professor of Social Care, Faculty of Health & Social Sciences) and PHD student Rejoice Chipuriro.

The project is funded for 3 years by the National Institute for Health Research (NIHR) and focusses on identifying, investigating and evaluating the ways in which community-led organisations (CLOs) impact on the health and wellbeing of individuals living in their communities. The funding acknowledges and rewards the time devolved from both staff and volunteers, monitoring the progress of individual members and supporting the charity to improve their own evaluative processes, local area profile and approach to partnership.

VITA NOVA

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

Schools Outreach

This important aspect of our work recommenced in 2022 as schools began to return to normal: The Nest, a vivid portrayal of addiction, was relaunched in October attracting the interest of Sam Crowe, Director of Public Health Dorset. This subsequently led to the funding award, to support wider engagement in 2023 and to enable us to develop a new play which will tackle the prescient theme of county lines activity.

Community performances

The charity continues to partner with and support other local endeavours including Increase the Peace Festival, PAVE (a local network of arts providers) and BCP Council led events. Our partnership with Bournemouth and Poole College has enabled us to explore the widening of our remit, through some informal work with refugees and asylum seekers; weekly group Celeste culminated in a Christmas performance (Refugee Nativity).

December was a busy time, with two sold out performances of Wind of Change, a light hearted play about recovery and addiction and we also hosted the second craft event, following the launch of the Spring event in April – these day long events platforms local makers and creatives and offers us a further opportunity to raise unrestricted funds.

Business planning and sustainability

The charity engaged a consultant during the autumn, developing the business plan and extending the strategic objectives for the year ahead. In summary the ambitions are to extend the reach through a wider programme; challenge the stigma of addiction through positive representation; advance the school outreach programme and nurture the relationship with our primary funders to encourage a more sustained approach. In addition, the focus will shift from discrete project funding to core funding.

Funding from Dorset Public Health and Talbot Village has afforded Vita Nova the opportunity to extend the staff team, adding a Creative Producer for 15 hours per week and Marketing officer 12 hours per week to support the Artistic Director 22.5 hours per week and Arts & Education administrator 18.75 hours per week, to deliver the current and new programmes and manage the day to day running of the service into the new financial year.

Financial review

The charity has maintained its level of activities with the assistance of a grant for core costs. The budget for 2023/24 was approved and indicates that a combination of revenue income, reserves and grant funding will ensure the charity continues to be financially sustainable.

Income for the year was £112,651 (2022: £53,835). Expenditure was £85,803 (2022: £67,222), resulting in a surplus of £26,848 (2022: deficit of £13,387). At the end of the year total reserves were £50,666 of which £3,298 was unrestricted and £47,368 was restricted.

Reserves

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised.

The current reserves identified as Restricted in these accounts are supporting the roles of the Creative Producer and the Artistic Director as well as development of our profile and elements of the building and rehearsal space we have. This takes the pressure off the level of Unrestricted funds needed although we continue to find ways to increase earned income and more general funding grants.

VITA NOVA

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

Risk Management

The Trustees have considered the major risks to the Charity and ongoing Funding exposure and have reviewed those risks and established systems and procedures to manage them. Procedures are in place to cover health and safety, vulnerable adults and child protection, safeguarding, equal opportunities, disciplinary and alcohol and drugs policies.

Structure, governance and management

Vita Nova is a company limited by guarantee and not having a share capital and is governed by its Memorandum and Articles of Association. The company is a registered charity.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

M Hancock - Chair

P Dyer P Allen (Resigned 18 January 2023) L Buswell D J Temple (Appointed 7 September 2022) L Fenge (Appointed 12 April 2023)

New Trustees are recruited to fill vacancies identified by the Trustees skills audit. Their election must be confirmed by the members of the company in general meeting. One third of the Trustees’ compliment is required to retire by rotation each year and may offer themselves for re-election by the members of the company. None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £10 in the event of a winding up.

This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. The trustees' report was approved by the Board of Trustees.

M Hancock – Chair Trustee

Dated: .11 December 2023........................

VITA NOVA INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF VITA NOVA I report to the 1nJste88 my examlnaucfi of ts finanLyal slatemerts of Vlla Nova lthg tharttyl forthe year ended 31 Mar¢h 2023. RMpOn4lblUtI￿ and ba•l¥J of report As the truste95 of th& chartty {and aL￿ ils dI￿t￿3 for the purposes of LX)mpany lawl you are reS￿81b18 for the preparation ol Ihtr fin8ndal statements In attordance vAth the requtr¢mwts of Ihe Companles Act 2006 Ithe 2006 H#vlng satlsfied myBeifthatth8 Ina￿01 sl•twnonts ofth& charlty we not requlred to be 8udltsd undér Pgrt 16 of th 2CQ6 Aet aThJ are eligible forlndep8nd8nt eX8mInalk￿. I in resFeCt of my examination olthè charitys finandal stat6m8nts carried ¢yJt ￿der Be¢lton 145 of th• Charfties Act 2011 (the 2011 Act). In [￿n9 wt my axaminallon I hav8 follohd #U th• opplb>bla Dlrths gfven by the Charlty Commlsth und•r s•don 14515llbl ofthg 2011 Act. gxomlnalon Includes a review of the accounting record$ kopt by tho charity and a COM￿n30￿ of the accounts pre$gnt&d wlth Ihose records. li ￿$0 indudes con￿deTaI￿ of any unusual items ordlSdosu￿ in th? accounts, and $$•kln9 &xplanatIo￿ from the trustees concerrmng any w¢h mattèrs. The procedures undertaken do not yovldè all tho evldence that would be requlred In w audK arwj COr￿￿n11Y no oplnlon ts given as to wh&th•r lh& aecounts present a 'true and lairf vlow and lh• rnpjrt is limlt8d to thjse matter3 881 out in Ihg ¥tstorn•nt balow. Ind•p•nd•nt •x•mln•rf• statsm•nt I hav8 complotod my examlnat5on. I conflrn that Th) mattws lo my attentlon In corw)octlM th• oxamlnatlon glving me to bèlièv• that In any material resp8cL account5ng records were not ktrpt in r•sp•¢t of ¢harlty as roqulrod by 8ectlon 386 01tr 2008 Act., or the flnandal slatements do not accord with thw rgcords.. or the flnandal stalemonts do not ¢ompty ￿th thg accounllro requIrem￿ts of 396 of Ihg 2006 Acl oth•r than any r¢qulrmont that tho o¢¢ounts give a trug and la￿ VI￿ vl)lth 1$ ￿ • matt•r consldered a8 part of an ind&pond¥nt ¥x8Mlnats"￿.. c tho finanoal statomfjnts have Th)t bean Prepared In accordan¢o with thè methods atwj prfnclple8 of the Slalemenl of R•commended Pracaice for acc￿￿[￿g aThY ropthr•3 by charldes oppllcable to charlUe3 wepartng thelr aeeounts In occordancewllh tho FIn￿da1 Rap￿n0 Sl#rd8rd applkabl• Inth& UK and Republl¢of Imland IFRS 102). I hav8 no concem8 and have ¢omo acrc68 no othor mgtt8rs in eonnoctknn the examination to whl¢h attantio) should be drawn In this rnpjrt in cd¢r to ¥n9b￿ • propgr uThJerslandlng ofthe ffinancial Statements to be roa¢hgd. F J Wlld• FCCA MBA DChA Wamer Wllde 4 Marigold Drive Bl$1 Suffgy GU24 9SF It loL2 Dtsd'.

VITA NOVA

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2023

Unrestricted
Restricted
funds
funds
2023
2023
Notes
£
£
Income from:
Donations and legacies
3
5,091
-
Charitable activities
4
36,440
71,000
Investments
5
120
-
Total income
41,651
71,000
Expenditure on:
Charitable activities
6
56,842
28,961
Net (expenditure)/income for
the year/
Net movement in funds
(15,191)
42,039
Fund balances at 1 April 2022
18,489
5,329
Fund balances at 31 March
2023
3,298
47,368		 Total Unrestricted
Restricted
funds
funds
2023
2022
2022
£
£
£
5,091
6,174
5,329
107,440
42,332
-
120
-
-
112,651
48,506
5,329
85,803
56,262
10,960
26,848
(7,756)
(5,631)
23,818
26,245
10,960
50,666
18,489
5,329		 Total
2022
£
11,503
42,332
-
53,835
67,222
(13,387)
37,205
23,818

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.

VITA NOVA

BALANCE SHEET

AS AT 31 MARCH 2023

Notes
Fixed assets
Tangible assets
10
Current assets
Debtors
11
Cash at bank and in hand
Creditors: amounts falling due within
one year
12
Net current assets
Total assets less current liabilities
Income funds
Restricted funds
14
Unrestricted funds		 2023
£
953
53,200
54,153
(3,542)		 2022
£
£
55
3,974
32,046
36,020
(12,275)
50,611
50,666
47,368
3,298
50,666		 £
73
23,745
23,818
5,329
18,489
23,818

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2023.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on ..11 December 2023.......................

..............................

M Hancock - Chair Trustee

Company registration number 4361648

VITA NOVA

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

Charity information

Vita Nova is a private company limited by guarantee incorporated in England and Wales. The registered office is 11 Roumelia Lane, Boscombe, Dorset, BH5 1EU.

1.1 Accounting convention

The financial statements have been prepared in accordance 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)". 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 applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. 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 accounts.

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.

VITA NOVA

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

1.5 Expenditure

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements 3 years straight line Plant and equipment 25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 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.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

VITA NOVA

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

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.

VITA NOVA

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

3 Donations and legacies

Unrestricted
Unrestricted
Restricted
funds
funds
funds
2023
2022
2022
£
£
£
Donations and gifts
5,091
6,174
5,329
Charitable activities
2023
£
Sales within charitable activities
29,970
Performance related grants
76,000
Charitable rental income
1,470
Other income
-
107,440
Analysis by fund
Unrestricted funds
36,440
Restricted funds
71,000
107,440
George Temperance Trust
-
Dorset Community Fund
10,000
Bournemouth Borough Council
-
Alice Ellen Cooper Dean
5,000
Talbot Village Trust
22,000
Kickstart Scheme
-
Dorset Council
35,000
NHSCT
4,000
76,000		 Unrestricted
Unrestricted
Restricted
funds
funds
funds
2023
2022
2022
£
£
£
Donations and gifts
5,091
6,174
5,329
Charitable activities
2023
£
Sales within charitable activities
29,970
Performance related grants
76,000
Charitable rental income
1,470
Other income
-
107,440
Analysis by fund
Unrestricted funds
36,440
Restricted funds
71,000
107,440
George Temperance Trust
-
Dorset Community Fund
10,000
Bournemouth Borough Council
-
Alice Ellen Cooper Dean
5,000
Talbot Village Trust
22,000
Kickstart Scheme
-
Dorset Council
35,000
NHSCT
4,000
76,000		 Total
2022
£
11,503
2022
£
6,533
34,544
1,105
150
42,332
36,440
71,000
107,440
-
10,000
-
5,000
22,000
-
35,000
4,000
76,000		 42,332
-
42,332
5,000
3,928
4,841
-
-
20,775
-
-
34,544

4 Charitable activities

VITA NOVA

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

5 Investments

Interest receivable
6
Charitable activities
Depreciation and impairment
Share of support costs (see note 7)
Share of governance costs (see note 7)
Analysis by fund
Unrestricted funds
Restricted funds
7
Support costs
Support
costs
Governance
costs
£
£
Staff costs
39,420
-
Premises and other
support costs
45,345
-
Independent examiner
-
1,020
84,765
1,020
Analysed between
Charitable activities
84,765
1,020		 Unrestricted
funds
2023
£
120
2023
£
18
84,765
1,020
85,803
56,842
28,961
85,803
2023Support costs Governance
costs
£
£
£
39,420
42,485
-
45,345
23,741
-
1,020
-
972
85,785
66,226
972
85,785
66,226
972		 Total
2022
£
-
2022
£
24
66,226
972
67,222
56,262
10,960
67,222
2022
£
42,485
23,741
972
67,198
67,198

VITA NOVA

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

8 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

9 Employees

Expressed as full-time equivalent, the average monthly number of employees during the year was:

2023 2022
Number Number
2 2
Employment costs 2023 2022
£ £
Wages and salaries 37,481 40,703
Other pension costs 1,939 1,782
39,420 42,485

Key Management Personnel is defined as the Artistic Director role. Total remuneration for key management personnel, including employer's pension contributions, was £19,827 (2022: £16,791).

There were no employees whose annual remuneration was more than £60,000.

10 Tangible fixed assets

Tangible fixed assets
Leasehold
improvements
Plant and
equipment
£
£
Cost
At 1 April 2022
8,685
16,200
At 31 March 2023
8,685
16,200
Depreciation and impairment
At 1 April 2022
8,684
16,128
Depreciation charged in the year
-
18
At 31 March 2023
8,684
16,146
Carrying amount
At 31 March 2023
1
54
At 31 March 2022
1
72		 Total
£
24,885
24,885
24,812
18
24,830
55
73

VITA NOVA

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

11
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
12
Creditors: amounts falling due within one year
Notes
Other taxation and social security
Deferred income
13
Accruals and deferred income
13
Deferred income
Other deferred income
Deferred income is included in the financial statements as follows:
Deferred income is included within:
Current liabilities
Movements in the year:
Deferred income at 1 April 2022
Released from previous periods
Resources deferred in the year
Deferred income at 31 March 2023		 2023
£
-
953
953
2023
£
373
-
3,169
3,542
2023
£
-
2023
£
-
10,000
(10,000)
-
-		 2022
£
3,730
244
3,974
2022
£
226
10,000
2,049
12,275
2022
£
10,000
2022
£
10,000
-
-
10,000
10,000

VITA NOVA

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

14 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Movement in funds Movement in funds Movement in funds Movement in funds
Balance at Incoming Resources Balance at Incoming Resources Balance at
1 April 2021 resources expended 1 April 2022 resources expended 31 March 2023
£ £ £ £ £ £ £
Arts Council
England 8,540 - (8,540) - - - -
Local
Connect
Fund 2,420 - (2,420) - - - -
Dorset
Community
Fund -
Jubilee Fund - 10,000 - - 10,000 (10,000) -
Light Up
Project - 5,329 - 5,329 - (5,329) -
Dorset
Council - - - - 35,000 (9,632) 25,368
Talbot Village - - - - 22,000 - 22,000
NHSCT
Community
Grant - - - - 4,000 (4,000) -
10,960 15,329 (10,960) 5,329 71,000 (28,961) 47,368

Arts Council England: emergency response fund

Public Education: George Temperance Trust and BBC Children in Need funds to support public education, such as delivering preventative education in schools and colleges.

Local Connect: funding for the Community and Connect project, helping communities thrive.

Jubilee Fund: supports voluntary and community groups by developing new creative and cultural activities as part of the Queen’s Platinum Jubilee celebrations in June 2022. The fund was created by Arts Council England (ACE) with funds from the National Lottery, and awarded by Dorset Community Fund.

Light Up Project: crowdfunder donations to buy portable stage lighting to enhance and develop the charity's vital drugs and alcohol educational work in schools and the wider community.

Dorset Council: to deliver a series of school workshops across Dorset secondaries, delivering our play The Nest/Wasps Nest' as part of Public Health Dorset's Drug Prevention Strategy. The grant is non-recurring with appox 65% allocated towards core costs including salaries.

Talbot Village: a £22,000 grant awarded in Nov to support the development of the core curriculum for people in recovery. In addition, the grant includes budget towards core costs.

NHSCT Community: This grant facilitated the delivery of The Nest across schools in BCP. It provided funds that were used post-pandemic to restart our community theatre group.

VITA NOVA

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

15
Analysis of net assets between funds
Unrestricted
funds
Restricted
funds
2023
2023
£
£
Fund balances at 31
March 2023 are
represented by:
Tangible assets
55
-
Current assets/(liabilities)
3,243
47,368
3,298
47,368		 Total
Unrestricted
funds
Restricted
funds
2023
2022
2022
£
£
£
55
73
-
50,611
8,416
15,329
50,666
8,489
15,329		 Total
2022
£
73
23,745
23,818

16 Related party transactions

There were nil disclosable related party transactions during the year (2022 - two, noted below).

In 2022: Vita Nova shares a trustee with The George Temperance Trust, who awarded Vita Nova £10,000. £5000 of this was received in the 2021/22 financial period.

BCHA facilitated the Kickstart Scheme for Vita Nova. One trustee of Vita Nova acted as CEO for BCHA.