Company registration number: 04715323 Charity registration number: 1099194
## Mansfield Community and Voluntary Service (CVS)
(A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 March 2025
Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL
## **Mansfield Community and Voluntary Service (CVS)**
## **Contents**
|Reference and Administrative Details|1|
|---|---|
|Trustees' Report|2 to 5|
|Independent Examiner's Report|6|
|Statement of Financial Activities|7 to 8|
|Balance Sheet|9|
|Notes to the Financial Statements|10 to 21|
## **Mansfield Community and Voluntary Service (CVS)**
## **Reference and Administrative Details**
**Trustees** Lady Veronica Cooper Peter Clarke Craig Whitby Gillian Hagen Stephen Cooper Teresa Cullen **Senior Management Team** Stephen Cooper, Interim CEO Lesley Watkins, Partnership & Engagement Manager Joanne Wakefield, Marketing & Communications Manager **Charity Registration Number** 1099194 **Company Registration Number** 04715323 **Registered Office** Civic Centre Chesterfield Road South Mansfield Community Voluntary Service Mansfield NG19 7BH **Independent Examiner** Eva Stevens, employee of Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL
Page 1
## **Mansfield Community and Voluntary Service (CVS)**
## **Trustees' Report**
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 March 2025.
## **Trustees and officers**
The trustees and officers serving during the year and since the year end were as follows:
Trustees: Lady Veronica Cooper Peter Clarke Craig Whitby Gillian Hagen (appointed 5 December 2024) Stephen Cooper (appointed 25 October 2024) Teresa Cullen Andrew Ball (appointed 21 May 2024 and resigned 14 July 2025)
Secretary: Caroline Gill (appointed 15 October 2024 and resigned 4 July 2025)
## **Structure, governance and management**
## _**Nature of governing document**_
The charity is a company limited by guarantee and registered charity. It is operated under the rules of its memorandum and articles of association dated 11 March 2003 and most recently amended 20 July 2022. It has no share capital and the liability of each member in the event of winding-up is limited to £1.
## _**Recruitment and appointment of trustees**_
Advertisements are sent out via our social media and mailing lists. Applicants are invited to complete an application form which is presented to our Trustees who then invite applicants for an informal meeting.
## **Objectives and activities**
## _**Objects and aims**_
The Charity’s objects are:
1.To promote any charitable purposes for the benefit of the public, principally but not exclusively in the local government area of Nottinghamshire and its environs (hereinafter called “the area of benefit”) and, in particular, build the capacity of third sector organisations and provide them with the necessary support, information and services to enable them to pursue or contribute to any charitable purpose.
2. To promote, organise and facilitate co-operation and partnership working between third sector, statutory and other relevant bodies in the achievement of the above purposes within the area of benefit.
We develop, connect and support community and voluntary groups in Mansfield & district. We support new and existing community and voluntary groups. We make a difference to vulnerable people and communities. We help people into volunteering through our Volunteer Centre. We co-develop and deliver health and social groups to people across Mansfield.
Page 2
## **Mansfield Community and Voluntary Service (CVS)**
## **Trustees' Report**
## _**Objectives, strategies and activities**_
Mansfield CVS is a not-for-profit infrastructure organisation. We provide a support framework so that local organisations can then support the community. We do this via 8 themes which are; Comms. & Marketing, Insight & Intelligence, Sustainability, Governance, Volunteering, Networking, Community & Engagement & Training,
Whilst settling in our new home, it’s fair to say this year has been more difficult than most. As with all voluntary sector organisations Mansfield CVS was not immune to having to say cheerio to colleagues and friends as various contracts came to a close.
From past success of Community Champions, Mansfield CVS continues to co-ordinate Community Transport funded by Mansfield District Council, enabling people living in Mansfield to attend medical appointments and receive food parcels as they find themselves in ever desperate situations whilst also being the co-ordinator of various other funds.
On a positive note, we have built stronger relationships with Mansfield District Council who have partnered with us to deliver the UKSPF (UK Shared Prosperity Fund). Now for 4 consecutive rounds. This opportunity has enabled MCVS to be a stronger voice on behalf of the VCS and provide much needed funds to over 70 local organisations submitting bids amounting to over £1,000,000.
We continue to provide successful, well attended network meetings where the voluntary sector come together. And we have secured partnerships and funding with many organisations enabling joined up work and collaboration across the district.
## _**Public benefit**_
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
## **Financial review**
Our financial position at the end of the year is healthy our operating cashflow remains stable. We have done this through the appointment of a new Operations Manager.
The charity faces a number of risks including:
The lack of funding opportunities, short term funding, historic contacts with Notts county Council and the NHS under threat of not being renewed for CVS's and other organisations from the sector.
There are several risks facing the sector, rising costs, stagnant labour market, highly competitive market, partnerships breakdowns. However, at present we see ongoing contracts and partnerships with external agencies, we have built a solid reputation of delivery and outcome that can help mitigate these risks.
## _**Policy on reserves**_
Our reserves policy is 3 months anticipated running costs. This will be reviewed annually with the Board of Trustees. As we now have a healthy cashflow, at present we are no longer reliant on building sale or capital equity release to cover these costs.
Page 3
## **Mansfield Community and Voluntary Service (CVS)**
## **Trustees' Report**
## **Plans for future periods**
## _**Aims and key objectives for future periods**_
Mansfield CVS continues to develop its infrastructure support capabilities: Communicating with organisations that give grants. Working with these organisations to bring additional funding to the sector. Devising a research model that enables accurate intelligence is collated. Away from the traditional survey model that alienates so many.
## **Funds held as custodian trustee on behalf of others**
The charity holds funds for a number of third parties - details are available in Note 15.
## **Statement of Responsibilities**
The trustees (who are also the directors of Mansfield Community and Voluntary Service (CVS) for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies.
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they 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 its 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 apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records that can 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.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
## **Small companies provision statement**
This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
Page 4
## **Mansfield Community and Voluntary Service (CVS)**
## **Trustees' Report**
The annual report was approved by the trustees of the charity on .................... and signed on its behalf by:
......................................... Lady Veronica Cooper Trustee
Page 5
## **Mansfield Community and Voluntary Service (CVS)**
## **Independent Examiner's Report to the trustees of Mansfield Community and Voluntary Service (CVS) ('the Company')**
## **Independent examiner’s report to the trustees of Mansfield Community and Voluntary Service (CVS) ('the Company')**
I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2025.
## **Responsibilities and basis of report**
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner’s statement**
Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Chartered Institute of Public Finance and Accountancy (CIPFA), which is one of the listed bodies. 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.
......................................
Eva Stevens, BSc, CPFA, employee of Community Accounting Plus member of the Chartered Institute of Public Finance and Accountancy (CIPFA)
Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL
Date:.............................
Page 6
## **Mansfield Community and Voluntary Service (CVS)**
## **Statement of Financial Activities for the Year Ended 31 March 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)**
|**Note**
**Income and Endowments from:**
Donations and legacies
2
Charitable activities
3
Investment income
5
Total income
**Expenditure on:**
Charitable activities
6
Total expenditure
Net (expenditure)/income
Transfers between funds
**Other recognised gains and**
**losses**
Gains/losses on revaluation of
fixed assets
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
13|**Unrestricted**
**£**
12,478
14,053
2,692
29,223
(181,721)
(181,721)
(152,498)
(2,000)
-
(154,498)
282,750
128,252|**Restricted**
**£**
-
315,321
47
315,368
(273,261)
(273,261)
42,107
2,000
-
44,107
124,538
168,645|**Total**
**2025**
**£**
12,478
329,374
2,739
344,591
(454,982)
(454,982)
(110,391)
-
-
(110,391)
407,288
296,897|**Total**
**2024**
**£**
87,722
339,403
2|
|---|---|---|---|---|
|||||427,127|
|||||(494,487)|
|||||(494,487)|
|||||(67,360)
-
(96,258)|
|||||(163,618)
570,906|
|||||407,288|
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for the period is shown in note 13.
The notes on pages 10 to 21 form an integral part of these financial statements. Page 7
## **Mansfield Community and Voluntary Service (CVS)**
## **Statement of Financial Activities for the Year Ended 31 March 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)**
## **These are the figures for the previous accounting period and are included for comparative purposes**
|**Note**
**Income and Endowments from:**
Donations and legacies
2
Charitable activities
3
Investment income
5
Total income
**Expenditure on:**
Charitable activities
6
Total expenditure
Net (expenditure)/income
**Other recognised gains and losses**
Gains/losses on revaluation of fixed assets
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
13|**Unrestricted**
**funds**
**£**
87,722
29,598
2
117,322
(212,036)
(212,036)
(94,714)
(96,258)
(190,972)
473,722
282,750|**Restricted**
**funds**
**£**
-
309,805
-
309,805
(282,451)
(282,451)
27,354
-
27,354
97,184
124,538|**Total**
**2024**
**£**
87,722
339,403
2|
|---|---|---|---|
||||427,127|
||||(494,487)|
||||(494,487)|
||||(67,360)
(96,258)|
||||(163,618)
570,906|
||||407,288|
The notes on pages 10 to 21 form an integral part of these financial statements. Page 8
## **Mansfield Community and Voluntary Service (CVS)**
## **(Registration number: 04715323) Balance Sheet as at 31 March 2025**
|**Note**
**Current assets**
Debtors
8
Cash at bank and in hand
9
**Creditors: Amounts falling due within one year**
10
**Net assets**
**Funds of the charity:**
**Restricted income funds**
Restricted funds
13
**Unrestricted income funds**
Unrestricted funds
**Total funds**
13|**2025**
**£**
15,885
283,496
299,381
(2,484)
296,897
168,645
128,252
296,897|**2024**
**£**
45,158
369,780|
|---|---|---|
|||414,938
(7,650)|
|||407,288|
|||124,538
282,750|
|||407,288|
For the financial year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
The financial statements on pages 7 to 21 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by:
......................................... Peter Clarke Trustee
The notes on pages 10 to 21 form an integral part of these financial statements. Page 9
## **Mansfield Community and Voluntary Service (CVS)**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **1 Accounting policies**
## **Summary of significant accounting policies and key accounting estimates**
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
## **Statement of compliance**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
## **Basis of preparation**
Mansfield Community and Voluntary Service (CVS) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
## **Going concern**
The financial statements have been prepared on a going concern basis.
The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.
## **Exemption from preparing a cash flow statement**
Under the exemption available to smaller charities the Board of Trustees has chosen not to include a Statement of Cash Flows within the financial statements.
## **Income and endowments**
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
## _**Donations and legacies**_
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
## _**Grants receivable**_
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
Page 10
## **Mansfield Community and Voluntary Service (CVS)**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## _**Gift aid**_
Incoming resources from tax reclaims are included in the Statement of Financial Activities at the same time as the gift to which they relate.
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
## _**Charitable activities**_
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## **Government grants**
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Tangible fixed assets**
Individual fixed assets costing £500.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
**Asset class Depreciation method and rate** Land & buildings 50 years straight line Furniture & equipment 25% reducing balance Computer equipment 25% straight line
Page 11
## **Mansfield Community and Voluntary Service (CVS)**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **Trade debtors**
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.
Restricted income funds are those grants for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
## **Pensions and other post retirement obligations**
The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Page 12
## **Mansfield Community and Voluntary Service (CVS)**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **2 Income from donations and legacies**
|Donations and legacies;
Donations from individuals
Grants, including capital grants;
Government grants
Grants from other charities
Other income from donations and legacies|**Unrestricted**
**funds**
**General**
**£**
-
5,252
1,192
6,034
12,478|**Total**
**2025**
**£**
-
5,252
1,192
6,034
12,478|**Total**
**2024**
**£**
180
87,542
-
-|
|---|---|---|---|
||||87,722|
## **3 Income from charitable activities**
|Management fees
Grants & Donations
Sundry income|**Unrestricted**
**funds**
**General**
**£**
13,898
-
155
-
14,053|**Restricted**
**funds**
**£**
4,043
311,278
-
-
315,321|**Total**
**2025**
**£**
17,941
311,278
155
-
329,374|**Total**
**2024**
**£**
6,955
275,394
890
56,164|
|---|---|---|---|---|
|||||339,403|
Page 13
## **Mansfield Community and Voluntary Service (CVS)**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
|**4**
**Grants & donations**
10th General Scouts
ABL
Active Notts
Ashfield Voluntary
Bassetlaw CVS
Futures
Sir John Eastwood Foundation
Mansfield District Council
Maun Refuge
Newark & Sherwood CVS
Sundry donations
NHS ICB
NHSCT
Nottinghamshire County Council
West Notts College
**5**
**Investment income**
Interest receivable and similar
income;
Interest receivable on bank
deposits|**Unrestricted**
**funds**
**General**
**£**
2,692|**Unrestricted**
**funds**
**£**
-
-
-
-
-
-
1,000
5,252
-
192
6,034
-
-
-
-
12,478
**Restricted**
**funds**
**£**
47|**Restricted**
**funds**
**£**
500
8,646
6,250
30,120
17,534
17,000
-
-
3,500
30,622
5,479
6,400
3,600
181,210
417
311,278
**Total**
**2025**
**£**
2,739|**Total**
**£**
500
8,646
6,250
30,120
17,534
17,000
1,000
5,252
3,500
30,814
11,513
6,400
3,600
181,210
417|
|---|---|---|---|---|
|||||323,756|
|||||**Total**
**2024**
**£**
2|
Page 14
## **Mansfield Community and Voluntary Service (CVS)**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **6 Expenditure on charitable activities**
|Advertising
Communications
Finance costs
Insurances
IT costs
Office costs & equipment
Legal & professional fees
Hospitality
Partnership payments
Premises & relocation
Cleaning & hygiene
Repairs & maintenance
Utilities
Salaries
Training
Travel & subsistence
Other staff costs
Allocation of overheads
Allocation of salary costs
Other costs|**Unrestricted**
**funds**
**General**
**£**
258
17,979
370
2,267
3,164
4,672
59
768
15,929
18,000
-
-
95
181,615
125
170
15,627
(13,163)
(66,368)
154
181,721|**Restricted**
**funds**
**£**
234
499
-
-
254
806
-
330
136,475
3,252
-
740
20
52,075
-
726
(1,729)
13,163
66,368
48
273,261|**Total**
**2025**
**£**
492
18,478
370
2,267
3,418
5,478
59
1,098
152,404
21,252
-
740
115
233,690
125
896
13,898
-
-
202
454,982|**Total**
**2024**
**£**
-
17,928
504
2,936
3,282
2,979
15,465
516
176,445
36,453
21
-
2,413
231,662
649
1,471
-
-
-
1,763|
|---|---|---|---|---|
|||||494,487|
Page 15
## **Mansfield Community and Voluntary Service (CVS)**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **7 Staff costs**
The aggregate payroll costs were as follows:
|**Staff costs during the year were:**
Wages and salaries
Social security costs
Pension costs|**2025**
**£**
218,022
12,653
3,015
233,690|**2024**
**£**
207,611
19,348
4,703|
|---|---|---|
|||231,662|
The monthly average number of persons (including senior management team) employed by the charity during the year was as follows:
|Average number of employees|**2025**
**No**
8|**2024**
**No**
11|
|---|---|---|
3 (2024 - 4) of the above employees participated in the Defined Contribution Pension Schemes.
Contributions to the employee pension schemes for the year totalled £3,014 (2024 - £4,702).
No employee received emoluments of more than £60,000 during the year.
The total employee benefits of the key management personnel of the charity were £81,695 (2024 - £164,836).
## **8 Debtors**
|Trade debtors
Other debtors
**9**
**Cash and cash equivalents**
Cash at bank|**2025**
**£**
15,885
-
15,885
**2025**
**£**
283,496|**2024**
**£**
-
45,158|
|---|---|---|
|||45,158|
|||**2024**
**£**
369,780|
Page 16
## **Mansfield Community and Voluntary Service (CVS)**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **10 Creditors: amounts falling due within one year**
|**10 Creditors: amounts falling due within one year**|||
|---|---|---|
|Other taxation and social security
Other creditors|**2025**
**£**
-
2,484
2,484|**2024**
**£**
4,974
2,676|
|||7,650|
## **11 Obligations under leases and hire purchase contracts**
## **Operating lease commitments**
Total future minimum lease payments under non-cancellable operating leases are as follows:
|**Land and buildings**
Within one year|**2025**
**£**
10,000|**2024**
**£**
10,000|
|---|---|---|
## **12 Charity status**
The charity is a company limited by guarantee and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.
Page 17
## **Mansfield Community and Voluntary Service (CVS)**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **13 Funds**
|**Unrestricted funds**
**_General_**
General fund
**Restricted funds**
ABL
Butterfly
CCG PPE Engagement
Services
Community Transport
Futures
Bellamy
NHS Prevention
Building Better
Opportunities
LCF
Pleasley SOS
POV
Ren
SMI
Y Volunteer
Bellamy Insight
ICB Community Champions
**Total restricted funds**
**Total funds**|**Balance at 1**
**April 2024**
**£**
282,750
-
404
5,815
3,036
-
12,875
24,584
8,933
(330)
3,281
471
33,533
4,804
27,132
-
-
124,538
407,288|**Incoming**
**resources**
**£**
29,223
18,069
6,017
30,120
1,500
17,000
-
-
30,622
181,210
646
-
-
-
17,534
6,250
6,400
315,368
344,591|**Resources**
**expended**
**£**
(181,721)
(23,440)
(6,421)
(17,333)
(6,536)
(17,000)
(12,875)
(18,265)
(25,224)
(116,904)
(1,554)
(471)
(8)
(4,804)
(16,176)
(6,250)
-
(273,261)
(454,982)|**Transfers**
**£**
(2,000)
-
-
-
2,000
-
-
-
-
-
-
-
-
-
-
-
-
2,000
-|**Balance at**
**31 March**
**2025**
**£**
128,252
(5,371)
-
18,602
-
-
-
6,319
14,331
63,976
2,373
-
33,525
-
28,490
-
6,400|
|---|---|---|---|---|---|
||||||168,645|
||||||296,897|
Page 18
## **Mansfield Community and Voluntary Service (CVS)**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
|**Unrestricted funds**
**_General_**
General fund
**Restricted**
ABL
Butterfly
CCG PPE Engagement Services
Community Transport
Bellamy
NHS Prevention
Building Better Opportunities
LCF
Pleasley SOS
POV
Ren
SMI
Y Volunteer
**Total restricted funds**
**Total funds**|**Balance at 1**
**April 2023**
**£**
473,722
-
-
2,052
1,804
27,539
41,888
-
2,159
-
10,377
-
-
11,365
97,184
570,906|**Incoming**
**resources**
**£**
117,322
11,634
15,587
17,866
2,650
-
-
18,072
153,139
3,707
11,750
37,600
11,500
26,300
309,805
427,127|**Resources**
**expended**
**£**
(308,294)
(11,634)
(15,183)
(14,103)
(1,418)
(14,664)
(17,304)
(9,139)
(155,628)
(426)
(21,656)
(4,067)
(6,696)
(10,533)
(282,451)
(590,745)|**Balance at 31**
**March 2024**
**£**
282,750
-
404
5,815
3,036
12,875
24,584
8,933
(330)
3,281
471
33,533
4,804
27,132|
|---|---|---|---|---|
|||||124,538|
|||||407,288|
Page 19
## **Mansfield Community and Voluntary Service (CVS)**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
The specific purposes for which the funds are to be applied are as follows:
ABL - Funding for a worker. Worker to deliver Health & Wellbeing on Bellamy Estate, Mansfield. Butterfly - End of life care project. Funds for staff and project costs.
CCG/PPE Engagement Services - Funding from Integrated Care Board to deliver public and patient engagement across the District of Mansfield.
Community Transport - Funding from Mansfield District Council to provide transport services to disadvantaged residents of Mansfield.
Futures - funded via UKSPF to attract voluntary organisations supporting individuals the furthest away from employment, to become more confident and employable.
Bellamy - Project to support the tenants and residents of the Bellamy Estate.
NHSEI Prevention - Funding from NHS to provide in-depth community development support on Bellamy. BBO Investing in Communities - County Council funding to support community work on Bellamy & Oak Tree estates in Mansfield.
LCF - Local Infrastructure Support, supporting core funding for volunteering. Pleasley SOS - a fund set up to raise money for residents after a flood in the area. POV - Project aimed at building new, strong and lasting relationships between Arts organisations and the wider voluntary sector, putting young people at the centre of its activities.
REN - Funding to support engagement of hard to reach communities in research projects through development of a network of Community Research Champions.
SMI - Funding to support gaining an understanding the experiences of local people in relation to mental health services.
Y Volunteer - project addressing the lack of volunteer roles for young people across Mansfield & Bassetlaw. Bellamy Insight - Funding to develop an inclusive engagement and insight framework. ICB Community Champions - Funding to support training and capacity building for Volunteers and VCSE workforce.
The transfer from the General fund to the Community Transport fund is to cover the deficit on this activity.
## **14 Analysis of net assets between funds**
## **Unrestricted**
||**Unrestricted**|||
|---|---|---|---|
|Current assets
Current liabilities
Total net assets
Current assets
Current liabilities
Total net assets|**General**
**£**
130,736
(2,484)
128,252
**Unrestricted**
**General**
**£**
290,400
(7,650)
282,750|**Restricted**
**£**
168,645
-
168,645
**Restricted**
**£**
124,538
-
124,538|**2025**
**Total funds**
**£**
299,381
(2,484)|
||||296,897|
||||**2024**
**Total funds**
**£**
414,938
(7,650)|
||||407,288|
Page 20
## **Mansfield Community and Voluntary Service (CVS)**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **15 3rd party funds**
|Big Warsop
Big Kirk Hallam
UK SPF Round 2
UK SPF Round 3|**Opening**
**balances**
**£**
(3,236)
41,896
15,000
-
53,660|**Incoming**
**resources**
**£**
-
45,195
149,284
119,625
314,104|**(Resources**
**expended)**
**£**
3,236
(87,091)
(149,284)
(119,625)
(352,764)|**Total**
**£**
-
-
15,000
-|
|---|---|---|---|---|
|||||15,000|
## **16 Fees payable to independent examiner**
During the period, the fees payable (excluding VAT) to the charity’s independent examiner Community Accounting Plus are analysed as follows:
|Independent examination
Other financial services|**2025**
**£**
1,872
-
1,872|**2024**
**£**
1,800
1,200|
|---|---|---|
|||3,000|
## **17 Taxation**
The charity is a registered charity and is therefore exempt from corporation taxation.
## **18 Trustees remuneration and expenses**
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
## **19 Related party transactions**
There were no related party transactions in the year.
Page 21