Company Number: 4666277 Charity Number: 1097655
## New Mills and District Volunteer Centre
Report and financial statements For the year ended 31 March 2024
New Mills and District Volunteer Centre
## Reference and administrative information
## for the year ended 31 March 2024
**Company number** 4666277 **Charity number** 1097655 **Registered office and operational address** 33-35 Union Road, New Mills, High Peak, SK22 3EL
**Trustees** Trustees, who are also directors under company law, who served during the year and up to the date of this report were as follows:
Tony Ashton Chair Liz Treacy Vice Chair Hazel Body Treasurer From 1 April 2024 Doris Higginbotham Treasurer resigned 31 March 2024 Gill Christian Anne Clarke Rodney Gilmore David King Ian Robertson Dorothy Scapens Sue Stringer Shirley Woolner Resigned
|**Key management**|Mark Allen
Centre Manager|
|---|---|
|**personnel**|Hannah Kitson
Community Transport Coordinator|
||Lorna Young Marketing & Groups Coordinator|
||Fiona Stanier Befriending Coordinator|
||Julie Slack Office Administrator|
||Jeanette Howard Caretaker/Cleaner|
|**Bankers**|The Co-operative Bank, Delph House, Skelmersdale, WN8 6WT|
||Cambridge & Counties Bank, Charnwood Court, Leicester LE1 6TE|
||United Trust Bank, Ropemaker Street, London EC2Y 9AW|
|**Independent**|**J**ennifer Daniel FCCA DChA Slade & Cooper Limited Slade & Cooper Limited|
|**examiner**|Beehive Mill, Jersey St, Ancoats, Manchester, M4 6JG|
1
## New Mills and District Volunteer Centre
## Trustees’ annual report
## for the year ended 31 March 2024
The trustees present their report and the unaudited financial statements for the year ended 31 March 2024 Included within the trustees’ report is the directors’ report as required by company law.
Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.
## **Objectives and activities**
The objective of the Volunteer Centre is to promote charitable purposes for the benefit of the residents of New Mills and district by associating together volunteers in a common effort to relieve poverty, sickness and distress through:
1. Promoting volunteering
2. The provision of a volunteer centre
3. Giving advice and support to volunteers.
The trustees review the aims, objectives and activities of the charity each year. This report looks at what the charity has achieved and the outcomes of its work in the reporting period. The trustees report the success of each key activity and the benefits the charity has brought to those groups of people that it is set up to help. The review also helps the trustees ensure the charity's aims, objectives and activities remained focused on its stated purposes.
The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning its future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives that have been set. The trustees are responsible for maintaining the Volunteer Centre and employing a team of staff which is sufficient to deliver the services to our volunteers and clients. During the past year, we have ensured a high-quality service for volunteers, clients, and socially isolated people in New Mills and district. The Volunteer Centre has offered advice and support to volunteers and we continue to use our resources carefully to ensure that we can continue to provide a focal point within our community as well as adapting our activities to meet the ever changing needs of our clients.
New Mills and District Volunteer Centre
## Trustees’ annual report
## for the year ended 31 March 2024
## **Chair’s Report**
Yet again we can report another successful year thanks to our committed staff and the small army of active volunteers who give freely many hours of their time. Mark, our manager, joined us at the beginning of the year, a year that has seen improvements in many popular services with an increased number of minibus trips, Kinder Social group has been established as a firm favourite and the Walking Group has widened our provision.
We outperform most similar charities with comparable budgets in terms of individual users and the number of times the users utilise our services, something of which we can be proud and demonstrates how donations are spent wisely.
Financial challenges are the norm but over the years the Board has always been prudent and operated within its means thanks to the continuous monitoring of the Centre’s budgets. Throughout the past 10 years Doris Higginbotham has been the Treasurer (as well as one of our most active Volunteers) and overseen our finances, thereby enabling the Centre to continue and develop. The Treasurer’s position is the most demanding Trustee role and after 10 years Doris has decided the time has come to retire. We owe her a big “thank you” and are fortunate that another Trustee, Hazel Body offered to take over the role and has been working with Doris over the past six months.
Regarding finances, it is worth noting tha Mark has made a number of successful funding bids and the active Fundraising Committee has raised £13,800 over the year
In May Trustees and staff met to review our operations (what we do well and areas to improve) plus what we wish to achieve in the future. The conclusions will form an important part of our new business plan which we will implement at the beginning of 2025. _The conclusions can be seen here_ . https://www.nmvc.org/wp-content/uploads/feedback-from-staff-trustee-forum.pdf . The event was very well organised by Mark and Vice Chair Liz, it was well received by all and the best such event I have attended.
2024/25 will no doubt bring its own challenges (see Mark’s Manager report) but with our staff and a committed Board of Trustees we are in a strong position to meet whatever challenges come our way.
## **Tony Ashton**
New Mills and District Volunteer Centre
## Trustees’ annual report
for the year ended 31 March 2024
## **Achievements and performance**
## **Volunteering**
The charities main activities focus upon delivering volunteer-led help to people in the local community in need of support that is not provided by statutory authorities. We have grown our volunteer numbers to 326, who have given 11,619 hours towards achieving our aim the equivalent £132,921, all benefiting the community. We have trained 43 volunteers this year to support them in being able to carryout their volunteering safely and effectively.
## **Car Scheme**
Our volunteers have driven 2118 journeys (including return trips) for members of the community who are unable to attend medical appointments via public transport or other means for one reason or another. The scheme has saved the NHS approximately £74,340 in missed appointments.
## **Befriending**
We have 26 befrienders supporting 48 clients how have contributed 3154 hours, with 2099 interactions over the year including both in person interactions such as home visits and remote interactions such as telephone calls.
## **Shopping trips**
We made 62 shopping trips to local supermarkets for clients and 55 group trips to social groups and other outings on our minibus. In total we’ve have 525 people who have used our minibus shopping service, who would have otherwise struggled to be able to get to the shops and get those essential provisions.
## **Groups**
We’ve run 257 group sessions all aimed at connecting people and alleviating loneliness and social isolation. The groups we have run throughout the year have included our Acoustic Soup, Chair Based Exercise, Knit & Natter, Kinder Social Club and Friday Lunch Club. These sessions have all been well attended with 2791 attendances at these groups.
## **Signposting**
During the last year we dealt with 4456 enquiries about our various services and request from client about other services and needs up 8% on last year. We have signposted 796 times linking clients with other services and providers to ensure that their needs are met.
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New Mills and District Volunteer Centre
## Trustees’ annual report
## for the year ended 31 March 2024
## **Financial review**
This financial year the Charity has a surplus of £2,448 ( 2021/2022 £(16,409)) The value of the COIF Charities Investment Fund Units increased by £8,102 making the units held worth £97,607, these fund units cannot be sold, they are held in Trust for the District Nurse Fund, it is just the interest earned each year that can be used for the benefit and well being of the users of the Charity, this amount at the year end is £10,486. We received continuation funding from Derbyshire County Council of £35,489, £8,774 for Active Travel, £952 for provision of a Warm Hub, £4,000 Covid Community Grant, and from NHS Derby and Derbyshire Group Integrated Care System we received £24.064, £2,370 for signposting. This year High Peak Borough Council gave us £5,000, we also received £2,450 from Screwfix to repair the lift, £5,000 from the Masonic Charitable Foundation, £10,000 from Garfield Weston, £10,000 from The Forrester Family Trust all towards our core costs, and £12,500 from Royal Countryside Fund to help run the Community Mini-bus.
The Social and Fundraising and Regular Funding Committees continued to be well supported by the Volunteers, local businesses and the general public and have raised £13,800. There have been many different events, including our annual Garden Sale raising £1,139 , the Golf Day £1,415, Handicraft sales £1,023, Plants from Olwen Liddard £1814, Grand Raffle in the summer £655, a number of quizzes, including QuizIts £1,200 Coffee mornings £778, the Community Lottery £725. Lazlo Baby Concert £531 Christmas Concert £308, Fashion Show £759, and numerous smaller events including Cream Tea, Teddy Bears Picnic, the Carnival, Car Boot Sales, and The One World Festival.
The Josh Webb Memorial Golf Day raised £2,086, organised by Simon Webb, in memory of his son, who kindly donated the money to the Centre to help finance our Befriending service.
We received donations of £6,000 from Kelsa Trucks, £1,000 from Swizzels Matlow, £1467 from the disbanding of the Golden Age Club, £585, from the disbanding of BROC, £250 from Whaley Uniting Church £500 from Prisma Colour, £500 from Auto Trader, and £1550 to go towards a walking group, together with other generous donations the total received was £15,548. We would like to thank everyone for their generosity,
The total income for 2023/2024 was £175,315 (2022/2023 £173,706) The total expenditure for 2023/2024 was £180,969 (2022/2023 was £186,595). Therefore, this year we have a deficit of £5,654 but because of an increase in the value of the COIF units of £8,102 have ended up with a surplus of £2,448. Although our income had increased this year and our expenses had decreased, we still ended up with a deficit this was all due to increased staff costs.
Our main funders were Derbyshire County Council, NHS Derby and Derbyshire Integrated Care System High Peak Borough Council, Royal Countryside Fund, Masonic Charitable Foundation, Garfield Weston and the Forrester Family Trust.
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New Mills and District Volunteer Centre
## Trustees’ annual report
## for the year ended 31 March 2024
## **Reserves policy**
The Trustees have, as required of them, considered the risks faced and the steps needed to mitigate them. The level of reserves is kept under review and the Trustees believe we need to put some monies into a Designated fund to cover the repairs and renewals in the Centre, £2,870.
We have £21,092 in Gap Funding to cover any short fall of the cost of keeping and running the Mini Bus and the Transport Co-ordinator’s salary,
The Trustees also like to have £25,148 to cover the remaining lease, £10,406 the interest that has been earned on the District Nurses Fund (this is ring fenced) and is to be used for the health and wellbeing of anyone in New Mills & District, a request needs to be presented to the Board for approval, £1,147 held for the High Peak Kids Council and £757 for the Repair Cafe. This leaves money held in unrestricted income of £149,217 which would cover approximately 10 months of expenditure.
Due to the uncertainty of the grants continuing from Derbyshire County Council and NHS Derby and Derbyshire Integrated Care System, we feel we need a good buffer to give the manager and trustees time to obtain more funding and still have the security of knowing the Charity will still be viable in 12 months.
## **Plans for the future**
We began this financial year with a very successful Trustee, Staff and Volunteer forum, the results from which will form the basis of our future business plan, to be produced soon. It was felt to be such a success that we plan to hold similar events annually. It was clear from the forum that meeting the community's needs through volunteers and volunteering remains the most important thing that we do and will continue to do.
Our funding for the financial year ahead looks secure, but the same cannot be said for the following year. Derbyshire County Council have begun a Public Consultation into Discretionary Grant Funding. Three grants that New Mills District and Volunteer Centre receive could be affected, two of these are very small and would have little impact if they were lost, but the third is for £21,000 towards our infrastructure costs. The public consultation will run from 28[th] May to 20[th] of August 2024, and it is our intention to respond to this both as an individual organisation and jointly with Derbyshire & District Infrastructure Alliance, Voluntary, Community and Social Enterprise Alliance and the High Peak Alliance. We will also encourage our supporters to respond to demonstrate the public support there is for the Centre. We have been advised that during the consultation and decision-making process we will continue to receive all grants from Derbyshire County Council.
In the meantime, we continue to actively look for as many sources of funds for our projects as possible. Including possible joint bids with other Voluntary groups in the High Peak.
The planned upgrade of the phone systems will happen this year, this will give a small cost saving, but more importantly will give us a better phone system which will be ready when the analogue phone system is turned off in the UK in January 2027. The Wi-Fi access will also be improved at the same time.
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New Mills and District Volunteer Centre
## Trustees’ annual report
## for the year ended 31 March 2024
Demand for the groups and services run by the Centre continues to increase, and there are several trips already planned in 2024. Including regular walks, a visit to Hayfield well dressing and a trip on the canal boat New Horizon (based at Marple).
## **Structure, governance and management**
The organisation is a charitable company limited by guarantee, incorporated on 13 February 2003 and registered as a charity on 22 May 2003
The company was established under a memorandum of association which established the objects and powers of the charitable company and is governed under its articles of association.
Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The total number of such guarantees at the 31 March 2024 was 81 (2023:77)
The Trustees are members of the charity but this entitles them only to voting rights. The Trustees have no beneficial interest in the charity. All Trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in note 12 to the accounts.
The Trustees have a policy on Trustee recruitment and new Trustees are encouraged to receive relevant training. This year the Trustee main body has continued with the use of sub-groups i.e. Fundraising, Publicity & Marketing.
The Trustee Board meetings are held regularly in person at the Centre.
Under the requirements of the Memorandum and Articles of Association, the Trustees retire in rotation over a three-year period after which they must be re-elected at the next Annual General Meeting. The Chair, Vice Chair and the Treasurer are all re-elected every year.
## **Related parties and relationships with other organisations**
We will continue to support and provided a voice for the voluntary sector by working with our funding partners Derbyshire County Council and NHS Derby and Derbyshire ICB despite the threat to remove funding for the sector following public consultations. We will work with the New Mills Move More strategy group at the best way forwards in enabling the people of New Mills to move more and become more active, and the role we can play at the Volunteer Centre. We will continue to attend and contribute to a range of partner meetings and alliances to ensure we are at the table and have a voice in the shaping of the VCSE moving forwards.
## **Remuneration policy for key management personnel**
Employees with total benefits over £60,00
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New Mills and District Volunteer Centre
## Trustees’ annual report
## for the year ended 31 March 2024
No employees have total benefits over £60k who work for this charity
## **Risk management**
The Trustees have identified key risks associated with running the Volunteer Centre and have created a Risk Register which is reviewed regularly with remedial action being taken as appropriate. Written procedures have been prepared for the Company’s policies covering employees, volunteers, clients, visitors and financial systems and procedures
## **Manager Report 2023/24**
After taking on the role of Centre Manager in 2023, my first 12 months at the centre have been busy!
Volunteering once more remains at the heart of what takes place at the Centre. We couldn’t do all of the fantastic work and support the number of people we do without the support from the local community. We have grown the number of registered volunteers to 326 who perform a myriad of roles including befriender, volunteer driver, receptionist, shopping helper, gardener, cook, fundraiser, office assistant to name a few.
The focus as always in the voluntary sector has been on securing funding for the projects and the core operational cost that we encounter to keep the centre running. We’ve been fortunate to bring in funding from The Masonic Charitable Foundation (who will fund for 3 years), Garfield Weston, and the Forrester Family Trust for general charitable purposes. We’ve also received generous donation from Kelsa Trucks to support our work along with the fantastic amount of money the Social & Fundraising committee has generated through the year.
The number of journeys our Transport Volunteers have carried out taking people to and from medical appointments has increased this year with 2118 journeys being made potentially saving the NHS £74,340 in missed appointment costs. We were successful in being rewarded the contract to deliver Derbyshire County Council’s Access to Health taking people to medical appointments who would otherwise be unable to use public transport to get there. The contract for the scheme which we deliver with our partners at Connex Buxton, The Bureau Glossop and Bakewell & Eyam Community transport will run until 2026. We have also fortunately been awarded funding from the Royal Countryside Fund to fund transport to medical appointments ensuring those in rural communities can access appointments.
Our befriending service saw quite a lot of additional “churn” last financial year, as many of the remaining check in & chat befriending relationships that had continued after covid, came to an end (often a natural end as people returned to their ‘normal’ activities). We also lost some clients who passed away and others who went into permanent residential care. Many of the clients who no longer have a befriender are still being helped by us in other ways, e.g. coming to our groups, similarly many of the volunteers no longer befriending are still volunteering for the centre in other ways. The main challenges we faced was volunteer recruitment and the complexity of befriending referrals and ongoing needs of the clients we support. Dementia and cognitive decline continue to be a significant feature of befriending support and referrals, and a great deal of the
8
New Mills and District Volunteer Centre
## Trustees’ annual report
## for the year ended 31 March 2024
coordinator and volunteer time is focused on helping and assisting with ongoing medical, social care and other challenges. We will face some challenge in the next 12 months across the county regarding funding for Befriending as Derbyshire County Council look to remove support for the voluntary sector.
Our minibus shopping trips which alternate weekly between Tesco Glossop and Morisons in Chapel became so popular during they year that we increased the trips to twice a week, with the help of funding received from the Royal Countryside Fund. The Minibus travelled 2660 miles around the High Peak picking clients up from some of the more remove rural areas allowing them to access the shops where regular public transport would have been unable. In total we had 525 people on the bus going to the supermarket over 62 trips.
We have seen most of our groups go from strength to strength once again this year. Kinder social group, our dementia friendly monthly social session has regularly got over 50 attendees and we thank Swizzels for their support of this session. Mondays acoustic soup has seen a wide variety of performers and entertainment and we have been fortunate to receive funding from the Co-Op to support these sessions. Our Friday Lunch club served 706 meals last year all cooked by our wonderful army of volunteers and incorporating some of the produce grown on our allotment.
Looking to the next year and beyond, we will look at continuing to support volunteering in New Mills and the surround areas. We will develop the sessions we deliver to meet the needs of the community, and will be looking to deliver some lead walks over the summer as part of this. We will be facing uncertain times regarding our funding from Derbyshire County Council as the look to remove the funding for the volunteering work we do as well as befriending and lunch club funding. We will look to develop a new business plan and will engage staff and volunteers to shape the direction we take the centre for the next few years.
Mark Allen
Centre Manager
## **Funds held as custodian trustee on behalf of others**
We hold Investments for the District Nurses Fund, these were given to us on the understanding that we could not sell them, but that the interest generated could be used for the health and well being of the people of New Mills & district. These are shown every year on our Balance Sheet and the amount of interest still to be used is stated in our Reserves.
The Volunteer Centre holds monies in trust for the High Peak Kids Council, this is monies raised by the primary schools of New Mills, this money is to be used by the schools for equipment for the benefit of themselves. The money is included in our restricted funds and the amount is reported on every year. We also hold monies in our restricted fund for the Repair Cafe who open on the last Saturday every month and this is to cover any expenses they incur.
9
New Mills and District Volunteer Centre
## Trustees’ annual report
## for the year ended 31 March 2024
## **Statement of responsibilities of the trustees**
The trustees (who are also directors of Frs102 Small Company Charity for the purposes of company law) are responsible for preparing the trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
- Select suitable accounting policies and then apply them consistently
- Observe the methods and principles in the Charities SORP
- Make judgements and estimates that are reasonable and prudent
- State whether applicable UK Accounting Standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and 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.
In so far as the trustees are aware:
- There is no relevant audit information of which the charitable company’s auditors are unaware
- The trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
10
New Mills and District Volunteer Centre
## Trustees’ annual report
## for the year ended 31 March 2024
## **Auditors**
Slade & Cooper Ltd were re-appointed as the charitable company's auditors during the year and have expressed their willingness to continue in that capacity.
This report has been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime of the Companies Act 2006.
The trustees’ annual report has been approved by the trustees on 20 June 2024 and signed on their behalf by:
Tony Ashton
Chair
11
Independent examiner’s report
## to the members of
## New Mills and District Volunteer Centre
I report to the charity trustees on my examination of the accounts of the company for the year ended 31st March 2024 which are set out on pages 13 to 36.
## **Responsibilities and basis of report**
As the charity 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 company’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:
1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. 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
4. 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.
Jennifer Daniel FCCA DChA Slade & Cooper Limited Beehive Mill, Jersey Street Manchester, M4 6JG
Date 08/08/2024
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## New Mills and District Volunteer Centre
## Statement of Financial Activities
## (including Income and Expenditure account) for the year ended 31 March 2024
|Unrestricted
funds
Note
£
**Income from:**
Donations and legacies
3
33,073
Charitable activities
4
73,466
5
23,817
Investments
6
4,976
**Total income**
**135,332**
**Expenditure on:**
Raising funds
7
2,645
Charitable activities
8
137,161
**Total expenditure**
**139,806**
(4,474)
-
10
**(4,474)**
Transfer between funds
14,098
**Net movement in funds for the year**
**9,624**
**Reconciliation of funds**
Total funds brought forward
201,013
**Total funds carried forward**
**210,637**
Other trading activities
**Net income/(expenditure) before**
**net gains/(losses) on investments**
Unrealised gains/(losses) on investments
**Net income/(expenditure) for the**
**year**|Restricted
funds
£
1,550
35,831
-
2,602
**39,983**
-
41,163
**41,163**
(1,180)
8,102
**6,922**
(14,098)
**(7,176)**
176,677
**169,501**|Total funds
2024
£
34,623
109,297
23,817
7,578
**175,315**
2,645
178,324
**180,969**
(5,654)
8,102
**2,448**
-
**2,448**
377,690
**380,138**|_Total funds_
_2023_
_£_
_32,068_
_104,368_
_31,683_
_5,587_|
|---|---|---|---|
||||**_173,706_**|
||||_3,573_
_183,022_|
||||**_186,595_**|
||||_(12,889)_
_(3,520)_|
||||**_(16,409)_**
_-_|
||||**_(16,409)_**
_394,099_|
||||**_377,690_**|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
13
## New Mills and District Volunteer Centre Company number 41666277
## Balance sheet as at 31 March 2024
|Note
£
£
**Fixed assets**
Tangible assets
15
46,926
Investments
16
97,607
**Total fixed assets**
**144,533**
**Current assets**
Debtors
17
1,267
Cash at bank and in hand
18
245,395
**Total current assets**
**246,662**
**Liabilities**
Creditors: amounts falling
due in less than one year
19
(11,057)
**Net current assets**
**235,605**
**Net assets**
**380,138**
**The funds of the charity:**
Restricted income funds
20
169,501
Unrestricted income funds
21
210,637
**Total charity funds**
**380,138**
2024|_£_
_£_
_56,308_
_89,505_
**_145,813_**
_8,062_
_229,222_
**_237,284_**
_(5,407)_
**_231,877_**
**_377,690_**
_176,677_
_201,013_
**_377,690_**
_2023_|_£_
_£_
_56,308_
_89,505_
**_145,813_**
_8,062_
_229,222_
**_237,284_**
_(5,407)_
**_231,877_**
**_377,690_**
_176,677_
_201,013_
**_377,690_**
_2023_|
|---|---|---|
|||**_145,813_**
**_231,877_**|
|||**_377,690_**|
|||_176,677_
_201,013_|
|||**_377,690_**|
For the year in question, the company was entitled to exemption from an audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006,
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts are prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies and in accordance with FRS102 SORP, and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company.
The notes on pages 16 to 34 form part of these accounts.
Approved by the trustees on 20 / 06 /2024 and signed on their behalf by:
Tony Ashton (Trustee)
Doris Higginbotham (Trustee)
14
## New Mills and District Volunteer Centre
## Statement of Cash Flows for the year ending 31 March 2024
|Note
2024
£
**Cash provided by/(used in) operating activities**
24
**8,595**
_Cash flows from investing activities:_
Dividends, interest, and rents from investments
7,578
**Cash provided by/(used in) investing activities**
**7,578**
16,173
Cash and cash equivalents at the beginning of the year
229,222
**Cash and cash equivalents at the end of the year**
**245,395**
Increase/(decrease) in cash and cash
equivalents in the year|_2023_
_£_
**_(14,311)_**|
|---|---|
||_5,587_|
||**_5,587_**|
||_(8,724)_
_237,946_|
||**_229,222_**|
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New Mills and District Volunteer Centre
Notes to the accounts for the year ended 31 March 2024
## **1 Accounting policies**
The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
## **a Basis of preparation**
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), second edition - 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 and UK Generally Accepted Accounting Practice.
New Mills and District Volunteer Centre meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.
## **b Preparation of the accounts on a going concern basis**
The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern.
The trustees have made no key judgments which have a significant effect on the accounts.
The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next reporting period.
16
New Mills and District Volunteer Centre
Notes to the accounts for the year ended 31 March 2024 (continued)
## **c Income**
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.
Income received in advance of a provision of a specified service is deferred until the criteria for income recognition are met.
## **d Donated services and facilities**
Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised; refer to the trustees’ annual report for more information about their contribution.
## **e Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
17
New Mills and District Volunteer Centre
Notes to the accounts for the year ended 31 March 2024 (continued)
## **f Fund accounting**
Unrestricted funds are available to spend on activities that further any of the purposes of charity.
Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.
Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.
## **g Expenditure and irrecoverable VAT**
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
## **h Operating leases**
Operating leases are leases in which the title to the assets, and the risks and rewards of ownership, remain with the lessor. Rental charges are charged on a straight line basis over the term of the lease.
## **i Tangible fixed assets**
Individual fixed assets costing £1,000 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as follows:
Leasehold building improvements 25 years (period of lease) Office fixtures and equipment 5 years Computer equipment 1 year Minibus 5 years
18
New Mills and District Volunteer Centre
Notes to the accounts for the year ended 31 March 2024 (continued)
## **j Fixed asset investments**
Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year.
The Charity does not acquire put options, derivatives or other complex financial instruments.
The main form of financial risk faced by the charity is that of volatility in equity markets and investment markets due to wider economic conditions, the attitude of investors to investment risk, and changes in sentiment concerning equities and within particular sectors or sub sectors.
## **k Debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **l Cash at bank and in hand**
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **m Creditors and provisions**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **n Financial instruments**
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **o Pensions**
Employees of the charity are entitled to join a defined contribution ‘money purchase’ scheme. The charity’s contribution is restricted to the contributions disclosed in note 11. Outstanding contributions at the year end was £595 (2023: 400).
19
New Mills and District Volunteer Centre
Notes to the accounts for the year ended 31 March 2024 (continued)
## **2 Legal status of the charity**
The charity is a company limited by guarantee registered in England and Wales and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The registered office address is disclosed on page 1.
## **3 Income from donations and legacies**
|**Current reporting period**
Donations
Fund raising income
Gift Aid
**Total**
**_Previous reporting period_**
_Donations_
_Fund raising income_
_Gift Aid_
**_Total_**|Unrestricted
£
13,998
16,454
2,621
33,073
_Unrestricted_
_£_
_14,093_
_16,039_
_1,936_
_32,068_|Restricted
£
1,550
-
-
1,550
_Restricted_
_£_
_-_
_-_
_-_
_-_|Total 2024
£
15,548
16,454
2,621|
|---|---|---|---|
||||34,623|
||||_Total 2023_
_£_
_14,093_
_16,039_
_1,936_|
||||_32,068_|
20
New Mills and District Volunteer Centre
Notes to the accounts for the year ended 31 March 2024 (continued)
## **4 Income from charitable activities**
|**Current reporting period**
NHS Derby & Derbyshire ICS
Derbyshire County Council
Derbyshire County Council
Derbyshire County Council
High Peak Borough Council
Royal Countryside Fund
Screwfix
Masonic Charitable Foundation
Garfield Weston
The Forrester Family Trust
Swizzels
**Total**
**_Previous reporting period_**
_NHS Derby & Derbyshire ICS_
_NHS Derby & Derbyshire ICS_
_Derbyshire County Council_
_High Peak Borough Council_
_High Peak CVS_
_Community Foundation Grant_
_Erewash Voluntary_
_Other Small Grants_
**_Total_**
Co-op|Unrestricted
£
21,703
-
21,763
-
5,000
-
-
-
5,000
10,000
10,000
-
73,466
_Unrestricted_
_£_
_21,694_
_-_
_17,322_
_5,000_
_1,195_
_6,925_
_500_
_2,106_
_54,742_|Restricted
£
2,361
8,774
952
4,000
-
3,794
12,500
2,450
-
-
-
1,000
35,831
_Restricted_
_£_
_2,370_
_28,999_
_7,442_
_-_
_5,815_
_-_
_5,000_
_-_
_49,626_|Total 2024
£
24,064
8,774
22,715
4,000
5,000
3,794
12,500
2,450
5,000
10,000
10,000
1,000|
|---|---|---|---|
||||109,297|
||||_Total 2023_
_£_
_24,064_
_28,999_
_24,764_
_5,000_
_7,010_
_6,925_
_5,500_
_2,106_|
||||_104,368_|
21
New Mills and District Volunteer Centre
Notes to the accounts for the year ended 31 March 2024 (continued)
## **5 Income from other trading activities**
|Room Hire
Groups' Income
Miscellaneous Income
All income from other trading activities is unrestricted.
**6**
**Investment income**
**Current reporting period**
Income from bank deposits
Income from Investments
**_Previous reporting period_**
_Income from bank deposits_
_Income from Investments_|2024
£
2,305
21,357
155
23,817
Unrestricted
£
4,976
-
4,976
_Unrestricted_
_£_
_2,984_
_-_
_2,984_|_2023_
_£_
_4,666_
_18,841_
_8,176_
_31,683_
Restricted
£
-
2,602
2,602
_Restricted_
_£_
_-_
_2,603_
_2,603_|2024
£
4,976
2,602|
|---|---|---|---|
||||7,578|
||||_2023_
_£_
_2,984_
_2,603_|
||||_5,587_|
All of the charity's investment income arises from money held in interest bearing deposit accounts. All investment income is unrestricted.
## **7 Cost of raising funds**
|**Cost of raising funds**|||
|---|---|---|
|Costs of raising funds|2024
£
2,645
2,645|_2023_
_£_
_3,573_|
|||3,573|
All expenditure on cost of raising funds is unrestricted.
22
New Mills and District Volunteer Centre
Notes to the accounts for the year ended 31 March 2024 (continued)
## **8 Analysis of expenditure on charitable activities**
|Staff costs
Premises
Administration
Gas, Water, Electricity
Project costs
Professional fees
Depreciation
Restricted expenditure
Unrestricted expenditure
**Analysis of governance costs**
Basis of
apportionment
Administration
Governance
Independent Examiner's fee
Governance
Accountancy services
Governance
Governance costs (see note
9)|Total 2024
£
112,646
12,778
8,470
4,124
28,147
713
9,382
2,064
178,324
2024
£
41,163
137,161
178,324
_Total 2024_
£
120
600
1,344
2,064|_Total 2023_
_£_
_105,219_
_14,826_
_12,748_
_2,749_
_35,623_
_341_
_9,382_
_2,134_|
|---|---|---|
|||_183,022_|
|||_2023_
_£_
_57,895_
_125,127_|
|||183,022|
|||_Total 2023_
_£_
_286_
_576_
_1,272_|
|||_2,134_|
## **9 Analysis of governance costs**
23
New Mills and District Volunteer Centre
## Notes to the accounts for the year ended 31 March 2024 (continued)
## **10 Net income/(expenditure) for the year**
This is stated after charging/(crediting):
||||
|---|---|---|
|This is stated after charging/(crediting):|2024|_2023_|
||£|_£_|
|Depreciation|9,382|_9,382_|
|Operating lease rentals:|||
|Property|6,286|_6,286_|
|Ind. examiner remuneration - Accountancy fees|1,344|_1,272_|
|Ind. examiner remuneration - payroll bureau fees|600|_553_|
|Independent examiner's fee|678|_576_|
## **11 Staff costs**
Staff costs during the year were as follows:
|ff costs during the year were as follows:|||
|---|---|---|
|Wages and salaries
Social security costs
Pension costs
Other Staff Costs|2024
£
105,194
2,574
4,583
295
112,646|_2023_
_£_
_95,093_
_3,981_
_6,134_
_12_|
|||_105,220_|
No employees have employee benefits in excess of £60,000 (2023: Nil).
The average number of staff employed during the period was 6 (2023: 6).
The key management personnel of the charity comprise the trustees and the Centre Manager. The total employee benefits of the key management personnel of the charity were £29,563 (2023: £19,694).
24
New Mills and District Volunteer Centre
Notes to the accounts for the year ended 31 March 2024 (continued)
## **12 Trustee remuneration and expenses, and related party transactions**
Neither the management committee nor any persons connected with them received any remuneration or reimbursed expenses during the year (2023: Nil).
3 (2023: 2) members of the management committee received travel and subsistence expenses during the year, these amount to £726 (2023:£188).
Aggregate donations from related parties were £154 (2023: £99).
There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.
No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity, including guarantees, during the year (2023: nil).
## **13 Government grants**
The government grants recognised in the accounts were as follows:
|High Peak Borough Council
Derbyshire County Council|2024
£
5,000
22,715
27,715|_2023_
_£_
_5,000_
_24,764_|
|---|---|---|
|||_29,764_|
There were no unfulfilled conditions and contingencies attaching to the grants.
25
New Mills and District Volunteer Centre
Notes to the accounts for the year ended 31 March 2024 (continued)
## **14 Corporation tax**
The charity is exempt from tax on income and gains falling within Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.
## **15 Fixed assets: tangible assets**
|Leasehold Office furniture &
Motor
improvements
equipment
vehicles
**Cost**
£
£
£
234,566
26,739
38,413
Additions
-
-
-
Disposals
-
-
-
234,566
26,739
38,413
**Depreciation**
178,258
26,739
38,413
Charge for the year
9,382
-
-
Disposals
-
-
-
187,640
26,739
38,413
**Net book value**
46,926
-
-
_56,308_
_-_
_-_
At 1 April 2023
At 31 March 2024
At 31 March 2024
At 1 April 2023
At 31 March 2024
_At 31 March 2023_|£
299,718
-
-
Total|
|---|---|
||299,718|
||243,410
9,382
-|
||252,792|
||46,926|
||_56,308_|
26
New Mills and District Volunteer Centre
Notes to the accounts for the year ended 31 March 2024 (continued)
## **16 Investments**
|**Investments**|||
|---|---|---|
|Add: additions to investments at cost
Disposals at carrying value
Add net gain/(loss) on revaluation
Investments at fair value comprised:
COIF Charities Investment Fund Units
Market value at the end of the year
Market value at the start of the year
Cash held by investment broker pending reinvestment|2024
£
89,505
-
-
8,102
97,607
-
97,607
97,607
97,607|_2023_
_£_
_93,025_
_-_
_-_
_(3,520)_|
|||_89,505_
_-_|
|||_89,505_|
|||_89,505_|
|||_89,505_|
Investments are all carried at fair value and are all traded in quoted public markets.
## **17 Debtors**
|**Debtors**|||
|---|---|---|
|Trade debtors
Prepayments and accrued income|2024
£
920
347
1,267|_2023_
_£_
_7,611_
_451_|
|||_8,062_|
27
New Mills and District Volunteer Centre
Notes to the accounts for the year ended 31 March 2024 (continued)
## **18 Cash at bank and in hand**
|**sh at bank and in hand**|||
|---|---|---|
|Short term deposits
Cash at bank and on hand|2024
£
167,849
77,546
245,395|_2023_
_£_
_162,990_
_66,232_|
|||_229,222_|
## **19 Creditors: amounts falling due within one year**
|**Creditors: amounts falling due within one year**|||
|---|---|---|
|Other creditors and accruals
Deferred income
Taxation and social security costs|2024
£
5,840
3,500
1,717
11,057|_2023_
_£_
_3,945_
_-_
_1,462_|
|||_5,407_|
28
New Mills and District Volunteer Centre
Notes to the accounts for the year ended 31 March 2024 (continued)
## **20 Analysis of movements in restricted funds**
|**Volunteer Centre**
District Nurses' Fund
Relocation Project
Active Travel
DCC Infrastructure
Derbyshire County Council
Royal Countryside Fund
Swizzels
Screwfix
Derbyshire County Council
Derbyshire County Council
Annonymous Donor
Total
**_Volunteer Centre_**
_District Nurses' Fund_
_Relocation Project_
_Active Travel_
_High Peak CVS_
_DCC Infrastructure_
_HPBC - Move More_
_CCG NHS_
_Community Fridge_
_Erewash CVS_
_Total_
NHS Derby & Derbyshire ICS
Home from Hospital
_NHS Derby & Derbyshire ICS_
_Home from Hospital_
Co-operative
**Current reporting period**
**_Previous reporting period_**|Balance at
1 April
2023
£
100,436
56,308
5,735
13,746
-
452
-
-
-
-
-
-
-
176,677
_Balance at_
_1 April_
_2022_
_£_
_105,364_
_65,690_
_5,469_
_-_
_-_
_3,892_
_9,539_
_-_
_3,000_
_-_
_192,954_
|Income
£
10,704
-
8,774
-
3,794
2,361
952
12,500
1,000
2,450
2,000
2,000
1,550
48,085
_Income_
_£_
_2,603_
_-_
_7,442_
_28,999_
_5,815_
_-_
_-_
_2,370_
_-_
_5,000_
_52,229_|Expenditure
£
(3,047)
(9,382)
(9,719)
(3,725)
(3,794)
(4,046)
-
-
(1,000)
(2,450)
(2,000)
(2,000)
-
(41,163)
_Expenditure_
_£_
_(3,874)_
_(9,382)_
_(7,176)_
_(15,253)_
_(5,815)_
_(3,440)_
_(9,105)_
_(2,370)_
_-_
_(5,000)_
_(61,415)_|Transfers
£
-
-
-
(10,021)
-
-
(952)
(3,125)
-
-
-
-
-
(14,098)
_Transfers_
_£_
_(3,657)_
_-_
_-_
_-_
_-_
_-_
_(434)_
_-_
_(3,000)_
_-_
_(7,091)_|Balance at
31 March
2024
£
108,093
46,926
4,790
-
-
(1,233)
-
9,375
-
-
-
-
1,550|
|---|---|---|---|---|---|
||||||169,501|
||||||_Balance at_
_31 March_
_2023_
_£_
_100,436_
_56,308_
_5,735_
_13,746_
_-_
_452_
_-_
_-_
_-_
_-_|
||||||_176,677_|
29
New Mills and District Volunteer Centre
Notes to the accounts for the year ended 31 March 2024 (continued)
|**Name of**||
|---|---|
|**restricted fund**|**Description, nature and purposes of the fund**|
|District Nurses' Fund|Income from dividends and increase in value. Expenditure included|
|Relocation Project|The relocation Project fund was created in 2003 and refers to the|
||move to the current premises on Union Road. The project was|
||substantially funded by the Big Lottery and outgoing resources|
|Active Travel|Grant received from the DCC to go towards the cost of travel to|
||medical appointments.|
|Royal Countryside Fund|Half of Grant received in January to go towards Community Transport|
|Swizzles|Money to to towards Kinder Social Group.|
|Screwfix|Money to be spent on lift repairs.|
|DCC Infrastructure|Money received from NHS ICS to help with signposting|
|DCC|Covid Community Grant to be split between CBE and Kinder Social Gro|
|DCC|Money to go towards providing a warm space during winter.|
|Co-op|Money to go towards Acoustic Soup|
|Annonymous Donor|Money to be used to run monthly walking group.|
|Transfers|Transfers in respect of donations from participants, and|
||administration and management costs agreed with funders.|
30
New Mills and District Volunteer Centre
Notes to the accounts for the year ended 31 March 2024 (continued)
## **21 Analysis of movement in unrestricted funds**
|Gap funding -
Community transport
_Repairs & renewals_
_Befriender costs_
_Gap funding -_
Designated funds:
General fund
Repairs & renewals
Befriender costs
_General fund_
_Designated funds:_
_Community transport_
**Current reporting period**
**_Previous reporting period_**|Balance at
1 April
2023
£
154,593
-
2,542
17,485
26,393
201,013
_Balance at_
_1 April_
_2022_
_£_
_158,333_
_2,737_
_17,945_
_22,130_
_201,145_|Income
£
92,986
2,450
2,186
37,710
135,332
_Income_
_£_
_89,964_
_-_
_13,754_
_17,759_
_121,477_|Expenditure
£
(83,740)
(3,862)
(18,568)
(33,636)
(139,806)
_Expenditure_
_£_
_(80,812)_
_(2,945)_
_(14,214)_
_(30,729)_
_(128,700)_|Transfers
£
20,603
2,870
-
(9,375)
14,098
_Transfers_
_£_
_(12,892)_
_2,750_
_-_
_17,233_
_7,091_|As at 31
March 2024
£
184,442
4,000
1,103
21,092|
|---|---|---|---|---|---|
||||||210,637|
||||||_As at 31_
_March 2023_
_£_
_154,593_
_-_
_2,542_
_17,485_
_-_
_26,393_|
||||||_201,013_|
## **Name of unrestricted fund Description, nature and purposes of the fund**
General fund
Repairs & renewals
The free reserves after allowing for all designated funds To cover the cost of repairs and repainting of the Centre
31
New Mills and District Volunteer Centre
Notes to the accounts for the year ended 31 March 2024 (continued)
## **22 Analysis of net assets between funds**
|**Current reporting period**
Tangible fixed assets
Fixed asset investments
Net current assets/(liabilities)
Creditors of more than one year
Total
**_Previous reporting period_**
_Tangible fixed assets_
_Fixed asset investments_
_Net current assets/(liabilities)_
_Creditors of more than one year_
_Total_|General
fund
£
46,926
97,607
39,909
-
184,442
_General_
_fund_
_£_
_56,308_
_-_
_98,285_
_-_
_154,593_|Designated
funds
£
-
-
26,195
-
26,195
_Designated_
_funds_
_£_
_-_
_-_
_46,420_
_-_
_46,420_|Restricted
funds
£
-
-
169,501
-
169,501
_Restricted_
_funds_
_£_
_-_
_89,505_
_87,172_
_-_
_176,677_|Total
£
46,926
97,607
235,605
-|
|---|---|---|---|---|
|||||380,138|
|||||_Total_
_£_
_56,308_
_89,505_
_231,877_
_-_|
|||||_377,690_|
32
New Mills and District Volunteer Centre
Notes to the accounts for the year ended 31 March 2024 (continued)
## **23 Operating lease commitments**
The charity's total future minimum lease payments under non-cancellable operating leases is as
|Less than one year
One to five years|2024
_2023_
£
_£_
6,286
_6,286_
18,862
_25,148_
25,148
_31,434_
Property|2024
_2023_
£
_£_
6,286
_6,286_
18,862
_25,148_
25,148
_31,434_
Property|
|---|---|---|
|||_31,434_|
## **24 Reconciliation of net movement in funds to net cash flow from operating activities**
|**Net income/(expenditure) for the year**
**Adjustments for:**
Depreciation charge
(Gains)/losses on investments
Dividends, interest and rents from investments
Decrease/(increase) in debtors
Increase/(decrease) in creditors
**Net cash provided by/(used in) operating**|2024
£
2,448
9,382
(8,102)
(7,578)
6,795
5,650
8,595|_2023_
_£_
_(16,409)_
_9,382_
_3,520_
_(5,587)_
_(5,373)_
_156_|
|---|---|---|
|||_(14,311)_|
33
New Mills and District Volunteer Centre
## Notes to the accounts for the year ended 31 March 2024 (continued)
## **25 Prior year Statement of Financial Activities**
|Income from:
Donations and legacies
Charitable activities
Other trading activities
Investments
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Unrealised gains/(losses) on investments
Net income/(expenditure) for the year
Transfer between funds
Net movement in funds for the year
Reconciliation of funds
Total funds brought forward
Total funds carried forward
Net income/(expenditure) before net
gains/(losses) on investments|Unrestricted
funds
£
32,068
54,742
31,683
2,984
121,477
3,573
125,127
128,700
(7,223)
-
(7,223)
7,091
(132)
201,145
201,013|Restricted
funds
£
-
49,626
-
2,603
52,229
-
57,895
57,895
(5,666)
(3,520)
(9,186)
(7,091)
(16,277)
192,954
176,677|Total funds
2023
£
32,068
104,368
31,683
5,587
173,706
3,573
183,022
186,595
(12,889)
(3,520)
(16,409)
-
(16,409)
394,099
377,690|Total funds
2022
£
34,998
94,186
20,359
3,926|
|---|---|---|---|---|
|||||153,469|
|||||1,887
147,461|
|||||149,348|
|||||4,121
7,390|
|||||11,511
-|
|||||11,511
382,588|
|||||394,099|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
34