SOMERSET YOUTH VOLUNTEERING NETWORK
(a company limited by guarantee)
FINANCIAL STATEMENTS FOR THE 6 MONTHS ENDED 31st DECEMBER 2025
COMPANY NUMBER 3807870
CHARITY NUMBER 1096507
SOMERSET YOUTH VOLUNTEERING NETWORK FINANCIAL STATEMENTS FOR THE 6 MONTHS ENDED 31st DECEMBER 2025
CONTENTS
| Pages | ||
|---|---|---|
| Report of the Trustees | 1 - 5 | |
| Independent Examiner's Report | 6 | |
| Statement of Financial Activities | 7 | |
| Balance Sheet | 8 | |
| Notes to the Financial Statements | 9 | - 12 |
SOMERSET YOUTH VOLUNTEERING NETWORK
TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31[st] MARCH 2025
OBJECTS OF THE CHARITY, ITS ACTIVITIES, ACHIEVEMENTS and PERDORMANCE
The Trustees have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing our aims and objectives and in planning our future activities.
The objects of the charity are the advancement of education, the protection of health and the relief of poverty, distress and sickness through the promotion of voluntary services, particularly by young people.
The objectives of Somerset Youth Volunteering Network are as follows:
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The support of voluntary activities by young people and the wider community.
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To provide free or low cost national accreditation schemes, qualifications and awards.
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Capacity building of 3rd sector groups and organisations.
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Offer non-judgmental confidential support, advice and training to individuals on personal subject such as drugs and alcohol awareness, sexual health, debt management, eating disorders, mental health, living with a disability, the law and benefits.
We currently do this through;
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Running recruitment and training programs to give young people skills and opportunities to use community volunteering as tools for personal development.
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Acting as a gateway to volunteering by giving people of all ages information and support so they can choose to volunteer, doing things that enhance their opportunities for education and experience while at the same time promoting community integration.
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Promoting the involvement of young people as active citizens.
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Running sheltered programs targeting support at those most at risk in our community.
1
Achievements
Overview
This year has been the most challenging period for the charity since its creation. Despite continuing growth in demand for our services and clear success in supporting individuals experiencing mental health difficulties, long-term social challenges, or loneliness , we have faced significant financial pressures that have limited our ability to continue our work sustainably.
Service Delivery and Impact
Throughout the year, our team has worked tirelessly to deliver frontline support to those most in need. Our projects have achieved meaningful outcomes, helping people rebuild confidence, develop community connections, and reduce isolation. Feedback from participants and partner organisations has been overwhelmingly positive, reinforcing the importance and effectiveness of our work.
Financial Position and Strategic Review
In November 2024 , the trustees and senior team held a strategic planning meeting to assess the charity’s long-term viability. With the dramatic falling rate of success funding appeals and initiatives It was agreed that the Chief Executive , would focus on increasing fundraising activity and exploring new income streams. The situation was reviewed again at the beginning of January 2025 , taking into account all available financial data and funding prospects.
After careful consideration, and with deep regret, the Board of Trustees unanimously decided to close the charity . The decision was made to ensure an orderly closure that meets all legal and financial obligations , including redundancy payments and other commitments. Postponing the decision further would have risked leaving the organisation unable to complete a responsible winddown process.
Next Steps
The charity will cease service delivery on 31 March 2025 . Following that date, the formal closure process will begin, with the aim of completing all administrative and legal requirements as soon as possible thereafter.
In line with our values and charitable objectives, the trustees have agreed to identify a local charitable organisation closely aligned with our mission to receive any remaining assets once closure is complete.
Acknowledgements
The trustees wish to express sincere gratitude to all staff, volunteers, supporters, and partner organisations who have contributed their time, energy, and compassion over the years. The impact of the charity’s work will continue to be felt long after its formal closure, through the individuals and communities it has helped to empower.
2
FINANCIAL REVIEW
Trustees’ responsibilities in relation to financial statements
Company law requires the Trustees to prepare financial statements for each financial year that give a true and fair view of the Company’s state of affairs at the end of the financial year and of its income and expenditure for that year. In preparing those financial statements the Trustees are required to;
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Select suitable accounting policies and then apply these consistently
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Make judgements and estimates that are reasonable and prudent
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State whether applicable accounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial statements
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Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the Charity will continue in business The Trustees are responsible for keeping proper accounting records which
disclose with reasonable accuracy at any time the financial position of the Charitable Company and to enable them to ensure that the financial statements comply with the Companies Act 2006.
They are also responsible for safeguarding the assets of the Charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Review of Financial Position
This Trustees have decided to wind up the Charity.
Reserves Policy and Risk Management
The Trustees have examined and addressed the financial risks to which the Charity is exposed and have decided to wind up the Charity
3
STRUCTURE, GOVERNANCE and MANAGEMENT
The Charity was incorporated on the 25[th] March 2002 as a Company Limited by Guarantee. It is governed by its Memorandum and Articles of Association. The Charity registered with the Charity Commission on 13[th] March 2003. The Directors of the charitable company (“the charity”) are its trustees for the purpose of charity law and throughout this report are collectively referred to as the trustees. The Board meets at least four times a year.
The Board of Trustees is responsible for determining the overall policy direction of the charity, for fixing and reviewing its annual budget, and for approving annual accounts. The Director is responsible for day to day management in accordance with determined policies.
4
REFERENCE and ADMINISTRATIVE DETAILS
The full name of the Charity is Somerset Youth Volunteering Network. Charity number 1096507, Company number 3807870.
The registered office is 9 Silver Street, Glastonbury, Somerset, BA6 8BS.
Directors and Trustees
The directors of the charitable company (“the charity”) are its trustees for the purpose of charity law and throughout this report are collectively referred to as the trustees.
The trustees who served during the period and up to the date the accounts were approved are as follows:
Mr A Thompson
Ms A Schneider
Mr Kevin Chalmers
Ms Jayne Roberts
Mr David Greg
Mr Peter Munday
Mr David John Whitt
The bankers are;
CAF Bank Ltd, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19 4JQ
The Independent Examiner is Tim Green FCM
Trustee
26/12/25 Date
5
SOMERSET YOUTH VOLUNTEERING NETWORK INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES
I report on the accounts of the company for the 6 months ended 31[st] December 2025 which are set out on pages 8 to 14
RESPECTIVE REPONSIBILITIES OF TRUSTEES AND EXAMINER
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to an audit under company law and is eligible for independent examination, it is my responsibility to;
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Examine the accounts under Section 145 of the 2011 Act
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To follow the procedures laid down in the general directions given by the Charity Commission under section 145(5)(b) of the 2011 Act, and
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To state whether particular matters have come to my attention
BASIS OF INDEPENDENT EXAMINER’s REPORT
My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes a consideration of any unusual issues or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
INDEPENDENT EXAMINER’S STATEMENT
In connection with my examination, no matter has come to my attention which gives me reasonable cause to believe that, in any material respect, the requirements
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To keep accounting records in accordance with section 386 of the Companies Act 2006; and
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• To prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice; Accounting and Reporting by Charities have not been met.
No other matter has come to my attention in accordance with my examination to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Timothy Green FCMA
Date 31st December 2025
6
SOMERSET YOUTH VOLUNTEERING NETWORK STATEMENT OF FINANCIAL ACTIVITIES FOR THE 6 MONTHS ENDING 31st DECEMBER 2025 (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
| Notes | Unrestricted | Restricted | Dec-25 | Mar-25 | |
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| INCOME & ENDOWMENTS FROM; | |||||
| Donations & Legacies | 2 & 3 | - | - | - | 13,108 |
| Charitable Activities | 4 | 6,341 | - | 6,341 | 34,834 |
| Other Trading | 5 | - | - | - | - |
| Investments | 6 | - | 6 | 872 | |
| Other Income | - | - | - | - | |
| TOTAL INCOME & ENDOWMENTS | 6,347 | - | 6,347 | 48,814 | |
| EXPENDITURE ON; | |||||
| Raising Funds | 6 | - | - | - | 702 |
| Charitable Activities | 7 & 8 | 10,350 | - | 10,350 | 111,636 |
| Other Expenditure | - | - | - | - | |
| TOTAL EXPENDITURE | 10,350 | - | 10,350 | 112,338 | |
| NET EXPENDITURE BEFORE TRANSFERS | (4,003) | - | (4,003) | (63,524) | |
| Gross Transfers between funds | - | - | - | - | |
| NET MOVEMENT IN FUNDS | (4,003) | - | (4,003) | (63,524) | |
| TOTAL FUNDS BROUGHT FORWARDS | 4,003 | - | 4,003 | 67,527 | |
| TOTAL FUNDS CARRIED FORWARDS | 11 | - | - | - | 4,003 |
The notes on pages 9 to 12 form part of the financial statements
7
SOMERSET YOUTH VOLUNTEERING NETWORK BALANCE SHEET AS AT 31st DECEMBER 2025
| Notes £ £ £ £ FIXED ASSETS Tangible Assets 12 - - CURRENT ASSETS Debtors 13 - 1,153 Cash at bank and in hand - 5,245 - 6,398 CREDITORS Amounts falling due within one year 14 - 2,395 NET CURRENT ASSETS - 4,003 NET ASSETS - 4,003 FUNDS Unrestricted funds - 4,003 Restricted funds - - TOTAL FUNDS - 4,003 Dec-25 Mar-25 |
Notes £ £ £ £ FIXED ASSETS Tangible Assets 12 - - CURRENT ASSETS Debtors 13 - 1,153 Cash at bank and in hand - 5,245 - 6,398 CREDITORS Amounts falling due within one year 14 - 2,395 NET CURRENT ASSETS - 4,003 NET ASSETS - 4,003 FUNDS Unrestricted funds - 4,003 Restricted funds - - TOTAL FUNDS - 4,003 Dec-25 Mar-25 |
Notes £ £ £ £ FIXED ASSETS Tangible Assets 12 - - CURRENT ASSETS Debtors 13 - 1,153 Cash at bank and in hand - 5,245 - 6,398 CREDITORS Amounts falling due within one year 14 - 2,395 NET CURRENT ASSETS - 4,003 NET ASSETS - 4,003 FUNDS Unrestricted funds - 4,003 Restricted funds - - TOTAL FUNDS - 4,003 Dec-25 Mar-25 |
Notes £ £ £ £ FIXED ASSETS Tangible Assets 12 - - CURRENT ASSETS Debtors 13 - 1,153 Cash at bank and in hand - 5,245 - 6,398 CREDITORS Amounts falling due within one year 14 - 2,395 NET CURRENT ASSETS - 4,003 NET ASSETS - 4,003 FUNDS Unrestricted funds - 4,003 Restricted funds - - TOTAL FUNDS - 4,003 Dec-25 Mar-25 |
Notes £ £ £ £ FIXED ASSETS Tangible Assets 12 - - CURRENT ASSETS Debtors 13 - 1,153 Cash at bank and in hand - 5,245 - 6,398 CREDITORS Amounts falling due within one year 14 - 2,395 NET CURRENT ASSETS - 4,003 NET ASSETS - 4,003 FUNDS Unrestricted funds - 4,003 Restricted funds - - TOTAL FUNDS - 4,003 Dec-25 Mar-25 |
|---|---|---|---|---|
| 6,398 2,395 |
||||
| - - - |
4,003 4,003 - |
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| - | 4,003 |
The accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies, and with the Financial Reporting Standard 102
The company has taken advantage of the exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025
The members have not required the company to obtain an audit for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.
The Trustees acknowledge their responsibilities for;
ensuring that the company keeps accounting records which comply with Section 386 and 387 of the Companies Act 2006; and
preparing Accounts which give a true and fair view of the state of the company’s affairs at the end of the financial year and of its surplus or deficit for the year in accordance with the requirement of Section 394 and 395, and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company.
These accounts were approved by the trustees on and signed on their behalf by:
Trustee
The notes on pages 9 to 12 form part of these accounts
8
SOMERSET YOUTH VOLUNTEERING NETWORK NOTES TO THE ACCOUNTS FOR THE 6 MONTHS ENDING 31st DECEMBER 2025
1 Accounting Policies
The financial statements have been prepared under the historical cost convention and following the Statement of Recommended Practice for Charities and are in accordance with the Financial Reporting Standard 102 (effective January 2015 and updated by Bulletin 1 effective February 2016) and the Companies Act 2006
a Going Concern
The Charity is in the process of being wound up.
b The Charity
Tha Charity is a public benefit entity.
c Income
Income from donations, grants and subscriptions is taken to the Statement of Financial Activity on receipt unless there is a Service Level Agreement or Contract in which case it is taken into account in the period to which it relates.
d Resources Expended
Resources expended are accounted for on an accruals basis. Costs are allocated on the basis of usage on each project..
e Operating Leases
The costs of operating leases are charged as they accrue.
f Tangible Fixed Assets
Depreciation is provided on tangible fixed assetst at the following annual rates in order to write off each asset over its estimated useful life. In the period all assets were disposed of.
Motor Vehicles 25% reducing balance Fixtures & Fittings 25% reducing balance Office Equipment 25% - 33% reducing balance
g Funds
Fund designations are formally approved and minuted by the Trustees. Separate accounting records are kept for restricted funds.
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SOMERSET YOUTH VOLUNTEERING NETWORK NOTES TO THE ACCOUNTS FOR THE 6 MONTHS ENDING 31st DECEMBER 2025
2 Income from Donations & Legacies
| 2 Income from Donations & Legacies |
||
|---|---|---|
| Donations Unrestricted Grants Restricted Grants 3 Analysis of Donations Monatary Donations 4 Income from Charitable Activities Fee for Service Education & Training DWP Support Other 5 Income from Other Trading Room Hire & Rent Fundraising Activities Other Traiding 6 Expenditure on Raising Funds Raising Funds 7 Expenditure on Charitable Activities Education & Training DWP Support 8 Allocation of Support Costs Education & Training DWP Support Other Trading Raising Funds |
Dec-25 Mar-25 £ £ - 208 - 12,900 - - - 13,108 Dec-25 Mar-25 £ £ - 208 - 208 Fee for Restricted Total Total Service Grant Dec-25 Mar-25 £ £ £ £ - - - 22,200 6,341 - 6,341 12,634 - - - - |
Dec-25 Mar-25 £ £ - 208 - 12,900 - - |
| - 13,108 |
||
| Dec-25 Mar-25 £ £ - 208 |
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| - 208 |
||
| 6,341 - |
6,341 34,834 |
|
| Dec-25 Mar-25 £ £ - - - - - - - - Direct Support Total Costs Costs Dec-25 £ £ £ - - - - - - Direct Support Total Costs Costs Dec-25 £ £ £ 3,220 - 3,220 - 7,130 7,130 3,220 7,130 10,350 Office Other Total Costs Costs Dec-25 £ £ £ - - - 6,600 530 7,130 - - - - - - 6,600 530 7,130 |
Dec-25 Mar-25 £ £ - - - - - - |
|
| - - |
Office Costs have been allocated based on usage Other Costs on the basis of Direct Costs
10
SOMERSET YOUTH VOLUNTEERING NETWORK NOTES TO THE ACCOUNTS FOR THE 6 MONTHS ENDING 31st DECEMBER 2025
9 Trustees Remuneration & Benefits
During the period no trustees were reimbursed any expenses
There were no related party transactions with trustees in the period
10 Independent Examination
The independent examiner was paid £nil to prepare and examine these accounts
11 Staff Costs
| Wages & Salaries (including redundancy) Social Security Payments Employer Pension Contributions The average number of employees during the year was 0 (2025 - 4) No employee received remuneration of over £60,000 12 Tangible Fixed Assets Motor Fixtures & Vehicles Fittings Cost As at 31st March 2025 - - Additions - - Disposals - - As at 31st December 2025 - - Depreciation As at 31st March 2025 - - Charge for the period - - Disposals - - As at 31st December 2025 - - Net Book Value As at 1st April 2025 - - As at 31st December 2025 - - 13 Debtors Trade Debtors Prepayments & Accrued Income 14 Creditors Trade Creditors Accruals PAYE/NI Other Creditors |
Wages & Salaries (including redundancy) Social Security Payments Employer Pension Contributions The average number of employees during the year was 0 (2025 - 4) No employee received remuneration of over £60,000 12 Tangible Fixed Assets Motor Fixtures & Vehicles Fittings Cost As at 31st March 2025 - - Additions - - Disposals - - As at 31st December 2025 - - Depreciation As at 31st March 2025 - - Charge for the period - - Disposals - - As at 31st December 2025 - - Net Book Value As at 1st April 2025 - - As at 31st December 2025 - - 13 Debtors Trade Debtors Prepayments & Accrued Income 14 Creditors Trade Creditors Accruals PAYE/NI Other Creditors |
Dec-25 Mar-25 £ £ - 99,499 - 274 - 1,560 |
|---|---|---|
| - 101,333 |
||
| Office Equpiment Total £ £ - - - - - - |
||
| - - |
- - |
|
| - - - - - - |
- - - - - - |
|
| - - |
- - |
|
| - - |
- - |
|
| - - |
- - |
|
| Dec-25 Mar-25 £ £ - 1,153 - - |
||
| - 1,153 |
||
| Dec-25 Mar-25 £ £ - 2,248 - - - - . 147 |
||
| - 2,395 |
11
SOMERSET YOUTH VOLUNTEERING NETWORK NOTES TO THE ACCOUNTS
FOR THE 6 MONTHS ENDING 31st DECEMBER 2025
15 Fund Accounts
| Unrestricted Funds Restricted Funds Total Restricted Funds Total Funds Fixed Assets Tangible Assets Current Assets Debtors Bank Current Liabilities Creditors Net Current Assets Net Assets |
Opening Incoming Resources Closing Balance Resources Expended Transfers Balance £ £ £ £ £ 4,003 6,347 10,350 - - |
Opening Incoming Resources Closing Balance Resources Expended Transfers Balance £ £ £ £ £ 4,003 6,347 10,350 - - |
|---|---|---|
| - | - - - - |
|
| 4,003 | 6,347 10,350 - - |
|
| Unrestricted Restricted Dec-25 Mar-25 £ £ £ £ - - - 1,813 - - - 7,559 - - - 63,287 |
||
| - - - 70,846 - - - 2,395 |
||
| - - - 68,451 |
||
| - - - 70,264 |
16 Members' Liability
The charity is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation. As at the 31st December 2024 there were 0 members.
17 Controlling entity
The charity is controlled by the trustees who are all directors of the company.
12