## **CVS SOUTH GLOUCESTERSHIRE**
## **FINANCIAL STATEMENTS**
## **31 MARCH 2024**
**Company Registration Number: 04831569 Charity Number: 1099702**
CVS SOUTH GLOUCESTERSHIRE CONTENTS YEAR ENDED 31 MARCH 2024
________________________________________________________________________________
## **CONTENTS**
|**CONTENTS**||
|---|---|
||**Page**|
|Report of the Trustees|1|
|Reference and administrative information|8|
|Report of the Independent Examiner|10|
|Statement of Financial Activities|11|
|Balance Sheet|12|
|Notes forming part of the financial statements|13|
CVS SOUTH GLOUCESTERSHIRE REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2024
________________________________________________________________________________
## **REPORT OF THE TRUSTEES**
## **Objects, vision, mission**
The **Objects** of the charity are:
- To promote any charitable purposes for the benefit of the community in the local government district of South Gloucestershire and its neighbourhood, and particularly the advancement of education, the protection of health and the relief of poverty, distress, and sickness.
- To promote and organise co-operation in the achievement of the above purposes and to that end to bring together council representatives of the voluntary organisations and statutory authorities within the area of benefit.
Our **Vision** is of an independent, thriving, diverse, innovative and resilient, local, voluntary, community and social enterprise sector providing high quality services in communities across the area and making a positive difference to people’s lives.
Our **Mission** is to support, develop, and represent voluntary, community, social enterprise (VCSE) and social action in South Gloucestershire.
Our **Values** drive and influence our work. _They are:_
|Our**Values**drive and inf|luence our work. _They are:_|
|---|---|
|**Social justice**|We embed and champion the role and value of the VCSE in|
||making a difference and promoting lasting social,|
||environmental and economic change.|
|**Trust**|We develop and deliver our services with partners in a way|
||that supports the development of trust across and between|
||sectors.|
|**Responsive**|We ensure that our services and those of our partners meet|
||the needs of our service users and are delivered at times and|
||in location which are suitable.|
|**Open**|We actively seek feedback on the delivery of our services to|
||help us to improve both our services and those provided by|
||partners.|
|**Networking**|We will use the strength of the VCSE, to develop networks and|
||promote equality and diversity, ensuring that our services meet|
||the needs of, and are accessed by, the most diverse range of|
||groups.|
|**Good Governance**|We ensure that our organisation models good governance in|
||all that we deliver, and we continue to support good|
||governance across the VCSE.|
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CVS SOUTH GLOUCESTERSHIRE REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2024
________________________________________________________________________________
## **Ensuring our work delivered our constitutional aims.**
CVS South Gloucestershire’s Trustees review the organisation’s activities every year to consider how planned activities will contribute to the organisation’s objectives, vision, mission, and public benefit as a charity.
2023 brought a range of systemic challenges including on-going post Covid recovery efforts and the complexity of spreading funds further as the cost-of-living crisis continues. CVS.SG has also navigated a change in leadership with the CEO moving on due to poor health, and the long-standing chair of the board retiring. Despite these challenges, CVS.SG has maintained an important role in the local landscape, continuing to deliver projects, and support organisational development. An interim CEO has been appointed whilst recruitment is underway, and their focus has ensured the maintenance of strategic relationships and the well-being and productivity of the wider team. Additionally, a well-established board member with a wide range of connections and experience has stepped in as interim Chair.
Overall, CVS.SG is in a period of transition, one that allows us the opportunity to review our service offer and adapt our systems and processes to one that can be nimble and responsive to a complex and ever-changing environment.
## **The CVS Team**
Staff – 6 staff were employed by CVS.SG during this reporting period. Chief Executive Officer 0.6 FTE (Left CVS.SG in March 2024) Finance Officer 0.2 FTE (Left CVS.SG in March 2024) Business Support Officer 0.2 FTE (Recruited September 2023) Business Support Officer 0.2 FTE (Left CVS.SG May 2023) Project Support Officer 0.6FTE (Recruited April 2023) SGREN Coordinator 0.6FTE
## **CVS Associates**
CVS South Gloucestershire operates an Associate Model to accompany our delivery of VCSE sector support, using Associates to deliver services that are beyond the capacity covered by our Service Level Agreement with South Gloucestershire Council (SGC) and/or for services requiring specialist skillsets not covered adequately in our staff team. Our pool of Associates has been busy this year and we continue to support this model to broaden our scope in helping as many VCSE organisations as possible, with charged-for services covered by those with the ability to pay. We continue to seek to understand the needs of the sector and to attract investment for our services whilst not competing with our members, enabling us to broaden and enhance our support offer for VCSE organisations in our area.
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CVS SOUTH GLOUCESTERSHIRE REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2024
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## **2024 Priorities:**
CVS.SG priorities for this period have focussed on adapting to the shifting environment by investing in partnerships and collaboration and supporting our local membership.
## **Strategic partnerships and collaboration.**
CVS.SG has been a key partner representing the South Gloucestershire community at a range of local strategic boards including, Chairing the South Gloucestershire Compact group, attending the Leaders Board, co-chairing the Keep it Local Steering Group, cochairing the Safer Stronger Communities Board, and co-chairing the South Gloucestershire Strategic Resilience group. Additionally, CVS.SG is involved in regional partnership boards including the BNSSG Alliance (Health), and a similarly named but entirely separate Strategic Alliance led by St Monica’s Trust with a focus on addressing the systemic challenge of loneliness and isolation.
As well as supporting the strategic infrastructure of the system, involvement in this work has additional benefits including:
- Increasing the potential of drawing funding into South Gloucestershire
- Supporting the resilience and sustainability of partnership infrastructure
- Modelling leadership across the system
## **Membership Support**
CVS.SG are committed to supporting the growth of micro-organisations across South Gloucestershire, to enable a rich, diverse and nimble community of services and provision. This has included:
- Supporting a local area Volunteer Centre who provide a dynamic and responsive volunteering service across the Thornbury area.
- Administered funds. CVS.SG create impactful opportunities for small community groups and organisations by administering funds which would otherwise be unavailable. This includes:
- Distributing funds for three volunteer centres through local partner Southern Brooks.
- Administration of National Lottery Community Funds grants and local council funds to a local South Gloucestershire Race Equality Network (SGREN) who provide a rich range of services to improve racial equality and community safety in the area.
- Administration of funds for the South Gloucestershire Equalities Partnership.
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CVS SOUTH GLOUCESTERSHIRE REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2024
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- Coaching and support:
- Support for SGREN to constitute as a CIO.
- Support with Committee Development for Kingswood Tabernacle.
- Associate support for Thornbury-based services Turnberries Centre and Armstrong Hal.
-
## **State of Play Report**
Finally, CVS has led on the development of a State of Play report for South Gloucestershire, the findings of which will inform a range of strategic and operational work areas.
## **Financial Review**
## **Funding**
This financial year CVS South Gloucestershire has posted a surplus of £49,591 (2023: surplus £68,680). South Gloucestershire Council continues its Service Level Agreements (SLA) with us. This grant funds some of our work and we continue to manage funding on behalf of four regional volunteer centres, three of which (Yate, Kingswood, and Patchway and the Stokes) are run by our partner, Southern Brooks and the final one is supported by us. We also deliver the South Gloucestershire Equalities Voice partnership of Diversity Trust, S.Glos. Disability Equality Network, S,Glos. Race Equality Network and Southern Brooks under a separate SLA.
We have continued to offer charged-for services, primarily through our small group of associates. This brings extra capacity to CVS and communicating clearly how this service fits with CVS’s basic support to the sector, and its membership offer, continues to be important. We have continued to work in partnership with Diversity Trust, Thornbury Volunteer Centre, and Southern Brooks Community Partnerships, GREN, the West of England Rural Network (WERN) and The Care Forum (TCF) both through the West of England Civil Society Partnership (now just an informal network, not a legally registered organisation).
We were successful in generating income to boost our resources to deliver support for local VCSE organisations and see this as a necessity but also a potential area of growth in the future, whilst our core service must be recognised and paid-for through core funding, supplemented by membership fees, paid-for advertising and paid-for support services.
4
CVS SOUTH GLOUCESTERSHIRE REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2024
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## **Reserves Policy**
In line with guidance issued by the Charity Commission, the trustees have reviewed the charity’s need for reserves. The charity requires unrestricted reserves approximately equal to around three months running costs, equating to around £23,300. The Trustees believe that this represents a minimum level of reserves necessary to ensure effective and efficient operation of the charity for the benefit of its clients. The charity has unrestricted funds of £154,191 (2023: £91,362) of which £37,900 has been designated to ensure that the charity has the funds to cover redundancy and wind-up costs. Free reserves at the year end amounts to £116,291. The excess of reserves of £92,991 have been allocated to safeguard against future income generating shortfalls and towards the exploration of new future business opportunities.
## **Structure, Governance and Management**
## **Governing document.**
CVS South Gloucestershire incorporated on 14 July 2003 as a private company limited by guarantee. The company became a registered charity on 26 September 2003.
The company governed by the Memorandum and Articles of Association dated 13 May 2003, updated on 19 November 2008 and amended on 15 September 2010 and 6[th] July 2011. In accordance with section 28 of the Companies Act 2006, the Memorandum of Association is deemed part of the Articles of Association with effect from 15 September 2010.
In the event of the company being wound up, members are required to contribute an amount not exceeding £1 towards the cost of dissolution and the liabilities incurred by the charity when the contributor was a member.
## **Recruitment and appointment of the Board of Trustees’**
The directors of the company are also charity trustees for the purposes of charity law and under the company’s Articles, are know as members of the Board of Trustees. Under the requirements of the Articles of Association, one third of the members of the Management Committee must resign at each AGM, the longest in office retiring first. A retiring trustee may be re-elected at the same Annual General Meeting.
CVS South Gloucestershire works to provide development, support and representation to the voluntary, community and social enterprise sector (VCSE) in South Gloucestershire and its membership is drawn from these groups who are either based in or providing services to communities in South Gloucestershire.
CVS South Gloucestershire is governed by a Board of Trustees who are elected by the members of the organisation. We look for members with business acumen and experience of management, alongside knowledge of our work with voluntary organisations, community groups and social enterprises and strategic work with public and private sector partners. Individuals, with appropriate skills to enhance the Board of Trustees and development of the
5
CVS SOUTH GLOUCESTERSHIRE REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2024
________________________________________________________________________________
charitable company may also be approached or offer themselves for election or co-option to the Board of Trustees.
The full Board of Trustees meets at least four times a year, one meeting to review strategic plan and agree future priorities with some business undertaken by electronic means.
## **Trustee induction and training**
Trustee induction consists of an introduction to the organisation and its activities and projects and includes details of their duties and responsibilities as Trustees. All Trustees are encouraged to attend the appropriate training to facilitate their undertaking of the role.
## **Risk Management**
Trustees regularly log major strategic, business, financial and operational risks, which the charity faces and have established procedures to manage organisational risks to ensure compliance with best practice and legislation; to cover the delivery of projects.
## **Public Benefit Statement**
In preparing this report the Board of Trustees has complied with the duty under Section 4 of the Charities Act 2006 to have due regard to public benefit guidance published by the Charity Commission in relation to meeting the public benefit requirement.
6
CVS SOUTH GLOUCESTERSHIRE REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2024
________________________________________________________________________________
## **Statement of Trustees’ responsibilities**
The trustees (who are also directors of CVS South Gloucestershire for the purposes of company law) are responsible for preparing the Trustees Report (incorporating the directors’ report) and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom 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 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 judgments and accounting estimates that are reasonable and prudent;
- State whether applicable UK Accounting Standards 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 adequate 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 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 report was approved by the trustees on ………………….... and signed on their behalf 18 November 2024 by:
…………………………………..
Sue Parsons Chair of Trustees
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CVS SOUTH GLOUCESTERSHIRE REFERENCE AND ADMIN INFORMATION YEAR ENDED 31 MARCH 2024
________________________________________________________________________________
**Charity Name** CVS South Gloucestershire **Charity Registration No:** 1099702 **Company Registration No:** 04831569
## **The Board of Trustees**
**----- Start of picture text -----**
Name Nominating Position Status
Member
Organisation
Peter Steel Age UK Chair Re-elected
From September 2019
December Resigned 26
2015 October 2023
Deborah Gee Creative Youth Trustee Re-elected
Network Treasurer December 2022
Mark Crutchley Circadian Trust Trustee Re-elected
September 2020
Jamie Gill 1625 Independent Trustee Re-elected
People September 2020
Berkeley Wilde The Diversity Trust Trustee Elected
September 2017
Julie Hughes Developing Health Trustee Elected December
and Independence 2021
Resigned 26
October 2023
Amanda Bromford Housing Trustee Elected 2019
Robbins
Sue Parsons Winterbourne Trustee Re-elected
Medieval Barn December 2022
**----- End of picture text -----**
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CVS SOUTH GLOUCESTERSHIRE REFERENCE AND ADMIN INFORMATION YEAR ENDED 31 MARCH 2024
|CVS SOUTH GLOUCESTERSHIRE
REFERENCE AND ADMIN INFORMATION
YEAR ENDED 31 MARCH 2024|CVS SOUTH GLOUCESTERSHIRE
REFERENCE AND ADMIN INFORMATION
YEAR ENDED 31 MARCH 2024|
|---|---|
|________________________________________________________________________________||
|**Chief Executive Officer**|**Steve Curry**(Until 30 April 2024)|
||**Hannah Mahoney**(Since 24 June 2024)|
|**Registered office**|Yate Library,|
||West Walk|
||Yate Shopping Centre|
||BS37 4AX|
|**Independent Examiner**|Joshua Kingston, BSc, ACA|
||Burton Sweet Limited|
||Chartered Accountants|
||The Clock Tower|
||5 Farleigh Court|
||Old Weston Road|
||Flax Bourton|
||Bristol. BS48 1UR|
|**Bankers**|Lloyds TSB plc|
||Westbury-On-Trym branch|
||15 High Street|
||Bristol|
9
CVS SOUTH GLOUCESTERSHIRE INDEPENDENT EXAMINER REPORT YEAR ENDED 31 MARCH 2024
## ________________________________________________________________________________
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.
## **Responsibilities and basis of report**
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner’s statement**
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 Institute of Chartered Accountants in England and Wales, 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:
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.
Joshua Kingston, BSc., ACA Burton Sweet Limited The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1UR Date: 18 November 2024
10
## **CVS SOUTH GLOUCESTERSHIRE**
## **STATEMENT OF FINANCIAL ACTIVITIES (Including Income & Expenditure Account)**
## **YEAR ENDED 31 MARCH 2024**
|**Note**
**Income from:**
Donations and legacies
**2**
Charitable activities
**3**
Investment income|**Unrestricted**
**Restricted**
**Total funds**
Total funds
**Funds**
**Funds**
**2024**
2023
**£**
**£**
**£**
£
3,680
-
3,680
7,700
124,024
166,068
290,092
302,687
2,680
-
2,680
715|
|---|---|
|**Total income**|130,384
166,068
296,452
311,102|
|**Expenditure on:**
Charitable activities
**4**|67,555
179,306
246,861
242,422|
|**Total expenditure**|67,555
179,306
246,861
242,422|
|**Net income/(expenditure) and**
**7**
**net movement in funds**
**Total funds at 1 April**
**14**|62,829
(13,238)
49,591
68,680
91,362
94,123
185,485
116,805|
|**Total funds at 31 March**
**14**|154,191
80,885
235,076
185,485|
The Charity has no recognised gains or losses other than the results for the year as set out above. All of the activities of the Charity are classed as continuing.
See note 10 for fund comparatives
**The notes on pages 13 to 22 form part of these financial statements**
11
## **CVS SOUTH GLOUCESTERSHIRE**
## **BALANCE SHEET**
## **AT 31 MARCH 2024**
|**AT 31 MARCH 2024**|Company number: 04831569|
|---|---|
|**Note**
**Current assets**
Debtors
**12**
Cash at bank|**2024**
2023
**£**
£
16,159
933
239,097
200,524|
|**Creditors: Amounts falling due**
**within one year**
**13**|255,256
201,457
(20,180)
(15,972)|
|**Net assets**|235,076
185,485|
|**Funds**
Restricted funds
**15**
Unrestricted funds
**15**
_Designated funds_
_General funds_|80,885
94,123
37,900
37,900
116,291
53,462|
||235,076
185,485|
For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
## 18 November
## 2024
These accounts were approved by the Board on…................................., and signed on their behalf by:
….................................... Sue Parsons **Chair of Trustees**
**The notes on pages 13 to 22 form part of these financial statements**
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## **CVS SOUTH GLOUCESTERSHIRE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2024**
## **1 Accounting policies**
**----- Start of picture text -----**
||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|1.1|Basis of preparation|
|The|financial|statements|have|been|prepared|in|accordance|with|the|historical|cost|convention|(except|where|otherwise|
|stated|in|the|accounting|policy|note)|and|in|accordance|with|the|Statement|of|Recommended|Practice:|Accounting|and|
|Reporting by 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,|and|the|Financial|Reporting|Standard|applicable|in|the|United|
|Kingdom and Republic of Ireland (FRS 102), and the Companies Act 2006.|
|The|trustees|know|of|no|reason|why|the|charity|might|not|continue|as|a|going|concern,|therefore|the|accounts|have|been|
|prepared on this basis.|
|1.2|Income|
|All|income|becoming|available|to|the|Charity|in|the|year|is|recognised|in|the|Statement|of|Financial|Activities|(SOFA)|when|
|the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.|
|Income|is|deferred|only|when|the|Charity|has|to|fulfil|conditions|before|becoming|entitled|to|it|and|where|the|donor|has|
|specified that the income is to be expended in a future period.|
|Donations and legacies includes income generated from gifts, donations, legacies and grants and is included in full in the|
|SOFA when receivable. Grants where entitlement is not conditional on the delivery of specific performance by the Charity are|
|recognised when the Charity becomes unconditionally entitled to the grant.|
|Donated|services|and|facilities|are|included|at|the|value|to|the|Charity|where|this|can|be|quantified.|The|value|of|services|
|provided by volunteers has not been included in these accounts.|
|Grants receivable are accounted for on a receivable basis and allocated to the appropriate fund.|
|1.3|Expenditure|
|Expenditure|is|recognised|on|an|accruals|basis|as|a|liability|is|incurred.|The|charity|is|not|registered|for|VAT.|Expenditure|
|includes all VAT which cannot be recovered, and is reported as part of the expenditure to which it relates.|
|Expenditure|on|charitable|activities|comprises|those|costs|incurred|by|the|Charity|in|the|delivery of|its|activities|and|services|
|for|its|beneficiaries.|CVS|South|Gloucestershire|advocates|on|behalf|of|the|sector|through|our|strategic|work.|We|provide|
|free|information|and|charge|(at|low|cost)|for|services|primarily|provided|to|the|voluntary|community|and|social|enterprise|
|(ICSE) organisations. Where|possible|we grant|fundraise for|the provision|of support|to|groups|in crisis.|It|includes|both|costs|
|that can be allocated directly to this activity and those costs of an indirect nature necessary to support them.|
**----- End of picture text -----**
Support costs include the costs of staff for the general support activity of the office. They have been allocated to activity cost categories on a basis consistent with the use of resources, e.g. staff costs by time spent.
Governance costs are included within charitable activities and include all those costs associated with meeting the constitutional and statutory requirements of the Charity and include the independent examination fees and costs linked to the strategic management of the Charity.
**----- Start of picture text -----**
|||
|---|---|
|1.4|Pension costs and other post-retirement benefits|
|The charity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the|
|charity and are independently adminstered. Contributions are|charged in the accounts as they become payable in accordance|
|with the rules of the scheme.|
**----- End of picture text -----**
## **1.5 Debtors** Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any discounts due.
**----- Start of picture text -----**
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|1.6|Cash and cash equivalents|
|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.|
|1.7|Tangible fixed assets and depreciation|
|Tangible|fixed|assets|costing|more|than|£500|other|than|freehold|land|are|stated|at|cost|less|depreciation.|Depreciation|is|
|provided|at|rates|calculated|to|write|off|the|cost|less|estimated|residual|value|of|each|asset|over|its|expected|useful|life,|as|
|follows:|
**----- End of picture text -----**
Computer equipment 33% straight line
**1.8 Debtors** Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any discounts due.
- **1.9 Cash and cash equivalents** 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.
13
## **CVS SOUTH GLOUCESTERSHIRE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2024**
## **1 Accounting policies (continued)**
## **1.10**
## **Creditors**
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 discounts due.
## **1.11 Funds**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with the specific restrictions imposed by donors which have been raised by the Charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Designated funds form part of unrestricted funds and have been identified as being for particular purposes by the Trustees. They are not restricted and can be transferred to general funds at any time at the discretion of the Trustees.
## **2 Donations and legacies**
|Current year
Membership
Prior year
Donations
Membership|**Unrestricted**
**Restricted**
**Total funds**
**funds**
**funds**
**2024**
**£**
**£**
**£**
3,680
-
3,680
3,680
-
3,680
**Unrestricted**
**Restricted**
**Total funds**
**funds**
**funds**
**2023**
**£**
**£**
**£**
-
3,000
3,000
4,700
-
4,700
4,700
3,000
7,700|
|---|---|
- **3 Income from Charitable activities**
|Representation and strategic development
Developing skills and capacity
SG Race Equality Network
Information Services
Partners' funding - Government grants
Equalities SLA
Volunteer centres funding
Cost of Living
Consulting|**Unrestricted**
**Restricted**
**Total funds**
**funds**
**funds**
**2024**
**£**
**£**
**£**
67,434
-
67,434
-
59,861
59,861
2,320
-
2,320
-
78,000
78,000
-
28,000
28,000
50,000
-
50,000
4,270
207
4,477
124,024
166,068
290,092|
|---|---|
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## **CVS SOUTH GLOUCESTERSHIRE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2024**
## **3 Income from Charitable activities (continued)**
## **Prior year**
|Representation and strategic development
Developing skills and capacity
SG Race Equality Network
Information Services
Connections
Training and support
Partners' funding - Government grants
Equalities SLA
Volunteer centres funding
Consulting
Mutual Aid Groups|**Unrestricted**
**Restricted**
**Total funds**
**funds**
**funds**
**2023**
**£**
**£**
**£**
48,970
20,000
68,970
-
58,346
58,346
5,303
-
5,303
-
32,714
32,714
-
7,500
7,500
-
74,250
74,250
-
28,000
28,000
6,000
15,711
21,711
-
5,893
5,893
60,273
242,414
302,687|
|---|---|
- **4 Expenditure on Charitable activities**
|Representation and strategic development
Developing skills and capacity
SG Race Equality Network
Connections
Membership
Information Services
Partners' funding
Equalities SLA
Volunteer centres funding
Consulting
Mutual Aid Groups
Cost of Living|**Grants**
**Direct**
**Support**
**Total**
**payable**
**costs**
**costs**
**2024**
**(note 5)**
**(note 6)**
**£**
**£**
**£**
**£**
-
2,816
56,304
59,120
-
27,657
29,822
57,479
-
668
20,013
20,681
-
-
900
900
-
119
-
119
68,625
-
-
68,625
28,000
-
-
28,000
-
3,667
2,020
5,687
-
3,250
-
3,250
-
3,000
-
3,000
96,625
41,177
109,059
246,861|
|---|---|
15
## **CVS SOUTH GLOUCESTERSHIRE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2024**
## **4 Expenditure on Charitable activities (continued)**
## **Prior year**
|Representation and strategic development
Developing skills and capacity
SG Race Equality Network
Connections
Training and support
Membership
Information Services
Partners' funding
Equalities SLA
Volunteer centres funding
Consulting
Mutual Aid Groups|**Grants**
**payable**
**(note 5)**
**£**
20,000
-
-
-
-
-
74,250
28,000
-
-
122,250|**Direct**
**Support**
**Total**
**costs**
**costs**
**2023**
**(note 6)**
**£**
**£**
**£**
108
59,947
80,055
13,698
13,520
27,218
1,370
-
1,370
933
1,050
1,983
-
1,303
1,303
157
-
157
-
-
74,250
-
-
28,000
14,220
11,774
25,994
2,092
-
2,092
32,578
87,594
242,422|
|---|---|---|
- **5 Grants payable**
|Volunteer Centres
Southern Brooks Community Partnerships:
Patchway, Yate Volunteering, Kingswood Volunteering, Filton & Stokes Volunteer Centre
Other grants (Quartet)
Volunteer Centre Thornbury
- SGC 3 year grant
Equalities Partnership
Southern Brooks Community Partnerships for Community Cohesion
AGE UK South Gloucestershire
Over 50's Forum
SARI
South Gloucestershire Disability Equality Network
South Gloucestershire Racial Equality Network
The Diversity Trust
Total grants payable to organisations|**2024**
2023
**£**
£
15,750
21,000
-
20,000
7,000
7,000
22,750
48,000
21,000
15,750
12,117
12,117
6,445
7,383
2,813
3,750
15,750
15,750
-
3,750
15,750
15,750
73,875
74,250
96,625
122,250|
|---|---|
16
## **CVS SOUTH GLOUCESTERSHIRE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2024**
|**6**
**Support costs**
**Office**
**costs**
**£**
Representation and strategic development
Developing skills and capacity
SG Race Equality Network
Connections
Membership
Partners' funding
Consulting
Equalities|**Total 2024**
**£**
**£**
**£**
36,775
19,529
56,304
-
29,822
29,822
-
20,013
20,013
657
243
900
409
1,611
2,020
-
-
-
37,841
71,218
109,059
**Premises &**
**office costs**
**Payroll &**
**staff costs**|
|---|---|
Support costs are allocated to activities based on usage of individual resources.
|**Prior year**
Representation and strategic development
Developing skills and capacity
SG Race Equality Network
Training and support
Membership
Partners' funding
Consulting
**7**
**Net income for the year**
**This is stated after charging:**
Independent examiner's fees
Independent examination
Accountancy|**£**
33,375
-
-
-
-
33,375
**Premises &**
**office costs**|**Payroll &**
**staff costs**
**Total 2023**
**£**
**£**
26,572
59,947
13,520
13,520
1,050
1,050
1,303
1,303
11,774
11,774
54,219
87,594
**2024**
2023
**£**
£
1,089
1,016
1,971
1,840|
|---|---|---|
None of the Trustees (or any persons connected with them) received any remuneration, benefits or expenses from the Charity for their work as Trustees (2023- £nil).
17
## **CVS SOUTH GLOUCESTERSHIRE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2024**
## **8 Staff costs and numbers**
The aggregate payroll costs were:
|Wages and salaries
Social security costs
Pension contributions|**2024**
2023
**£**
£
90,483
69,314
1,085
4,684
3,487
2,936
95,055
76,934|
|---|---|
The number of employees whose emoluments as defined for taxation purposes amounted to over £60,000 in the year was nil (2023 - nil).
The senior management team includes the post of Chief Officer (2023: Chief Officer and Finance Officer).
The aggregate payroll costs for the senior management team were:
|Wages and salaries
Social security costs
Pension contributions|**2024**
2023
**£**
£
26,989
33,582
2,469
2,446
1,619
2,015
31,077
38,043|
|---|---|
The average weekly number of employees during the year, calculated on the basis of head count:
|Management, administration and support|**2024**
2023
**No.**
No.
6
6
6
6|
|---|---|
## **9 Taxation**
The Charity is exempt from corporation tax on its charitable activities.
18
## **CVS SOUTH GLOUCESTERSHIRE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2024**
## **10 Fund Comparatives for the Statement of Financial Activities**
|**Income from:**
Donations and legacies
Charitable activities
Investment income
**Total income**
**Expenditure on:**
Charitable activities:
**Total expenditure**
**Net income/(expenditure) and net movement in funds**
Gross transfers between funds
**Net movement in funds**
**Total funds at 1 April**
**Total funds at 31 March**
**11**
**Tangible fixed assets**
**Cost**
At 1 April 2023 and 31 March 2024
Additions
**Depreciation**
At 1 April 2023 and 31 March 2024
**Net book value**
At 31 March 2023 and 31 March 2024
**12**
**Debtors**
Trade Debtors
**13**
**Creditors: amounts falling due within one year**
Trade creditors
Taxes and social security costs
Accruals|**Unrestricted**
**Funds**
**£**
4,700
60,273
715
65,688
67,017
67,017
(1,329)
-
(1,329)
92,691
91,362|**Restricted**
**Total funds**
**Funds**
**2023**
**£**
**£**
3,000
7,700
242,414
302,687
-
715
245,414
311,102
175,405
242,422
175,405
242,422
70,009
68,680
-
-
70,009
68,680
24,114
116,805
94,123
185,485
**Total**
**£**
**£**
3,218
3,218
3,218
3,218
-
-
**2024**
2023
**£**
£
16,159
933
**2024**
2023
**£**
£
14,930
8,128
2,191
789
3,059
7,055
20,180
15,972
**Computer**
**equipment**|
|---|---|---|
19
## **CVS SOUTH GLOUCESTERSHIRE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2024**
## **14 Movement in funds**
|**Restricted funds**
Community Accountancy Service
Climate Action Fund (Big Lottery)
Community Cohesion grant
Community Development and Support
Connections Officer
Equalities SLA
Equalities Voice
Quartet training
SG Race Equality Network
Social Value fund
Volunteer Centres
Westport
Whitfield Tabernacle
SG Lotterie
SG Phoenix
**Unrestricted funds**
Designated - closedown fund
Designated activity funds
General funds
**Total funds**|**At**
**1 April**
**2023**
**£**
203
2,000
1,787
551
31,344
-
-
5,517
45,351
3,000
-
3,250
1,120
-
-|**At**
**31 March**
**Income**
**Expenditure**
**Transfers**
**2024**
**£**
**£**
**£**
**£**
207
(154)
-
256
-
-
-
2,000
-
-
-
1,787
-
-
-
551
-
(20,681)
-
10,663
48,000
(39,000)
-
9,000
30,000
(29,625)
-
375
-
-
-
5,517
15,175
(24,177)
-
36,349
-
-
-
3,000
28,000
(28,000)
-
-
-
(3,250)
-
-
-
(1,120)
-
-
34,686
(33,299)
-
1,387
10,000
-
-
10,000
166,068
(179,306)
-
80,885
-
-
-
30,000
-
-
-
7,900
130,384
(67,555)
-
116,291
130,384
(67,555)
-
154,191
296,452
(246,861)
-
235,076|
|---|---|---|
||94,123
30,000
7,900
53,462
91,362
185,485||
## **Restricted funds**
## **Climate Action Fund**
Funding from Quartet to enable coordinators to work with communities to put them at the centre of responding locally to climate change, building in engagement, creativity and sustainability.
## **Community Accountancy Service**
Funds to provide a service to VCSE Organisations to support good financial practise and to review accounts.
## **Climate Action Fund (Big Lottery)**
This is an Awards for All grant for 2020-21 to support the engagement with Climate Action Groups across the area, to deliver a series of training sessions for this emerging community action network.
## **Community Cohesion grant**
Funds received fom South Gloucestershire Council to support the community of Cheswick Village.
## **Community Development and Support**
Funds to assist VCSE organisations with good organisational practice, membership of CVS South Gloucestershire .
## **Connections Officer**
Funding for Community Development officer to connect VCSE organisations, to gender partnership working and collaboration.
## **Equalities SLA**
A new three year Service Level Agreement from SGC which CVS manages on behalf of the SG Equalities Partnership.
## **Equalities Voice**
Funding for a quarterly meeting between South Gloucestershire Council and representatives from Equalities organisations to discuss issues and priorities to promote equality in South Gloucestershire.
## **Quartet training**
Funding to provide individual and bespoke training to VCSE organisations over two years.
## **South Gloucestershire Race Equality Network**
Funding from South Gloucestershire Council for CVS to employ the Network's first part time Development Officer and to work with them to build their capacity to apply for future funding to support their work.
20
## **CVS SOUTH GLOUCESTERSHIRE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2024**
## **14 Movement in funds (continued)**
## **Social Value fund**
Funding initiated through the south Gloucestershire Council procurement process, by which local businesses donate funds to support local VCSE groups.
## **Volunteer Centres**
South Gloucestershire Council 3 year grant to support the volunteer centres run in Thornbury, Kingswood, Yate & Patchway
## **Westport**
Funding received for Recharge Up - to provide fitness classes for people isolated because of covid 10 and also visually impaired and blind people who need additional support and equipment to access classes. CVS is to manage the funding and support the newly formed group.
## **Whitfield Tabernacle**
Funding from South Gloucestershire Council for CVS South Gloucestershire to support the development of a Trust to preserve the heritage of the site and support an initial business plan and to fundraise for future development work. At the end of the project, the remaining funds were transferred to General funds in recognition of costs borne by the charity, as permitted by the agreement.
## **SG Lotterie**
CVS SG. Administer funds from the National Lottery Community Fund to support SGREN in becoming an independent CIO. CVS SG receive a fixed amount per year, over three years, to administer the grant.
## **SG Phoenix**
Funding to support organizations in order to strategically invest in their growth and developments activities.
## **Designated funds**
## **Designated activity funds**
The trustees transferred funds for ongoing activities into a separate designated fund to ensure they were available for completing the projects in question.
## **Designated close down fund**
Funds set aside to cover costs in the event that the charity must close down.
|**Prior year**
**Restricted funds**
AWG Climate Action fund
Community Accountancy Service
Climate Action Fund (Big Lottery)
Community Cohesion grant
Community Development and Support
Connections Officer
Equalities SLA
Equalities Voice
Quartet training
SG Race Equality Network
Social Value
Volunteer Centres
Westport
Whitfield Tabernacle
**Unrestricted funds**
Designated - closedown fund
Designated activity funds
General funds
Total funds|**At**
**At**
**1 April**
**31 March**
**2022**
**Income**
**Expenditure**
**Transfers**
**2023**
**£**
**£**
**£**
**£**
**£**
-
20,000
(20,000)
-
-
-
1,511
(1,308)
-
203
2,000
-
-
-
2,000
7,633
3,000
(8,846)
1,787
-
-
551
-
551
-
32,714
(1,370)
-
31,344
-
48,000
(48,000)
-
-
-
26,250
(26,250)
-
-
-
7,500
(1,983)
-
5,517
14,224
58,346
(27,219)
-
45,351
257
3,000
(257)
-
3,000
-
28,000
(28,000)
-
-
-
5,893
(2,643)
3,250
-
11,200
(10,080)
-
1,120
24,114
245,414
(175,405)
-
94,123
30,000
-
-
-
30,000
11,000
-
-
(3,100)
7,900
51,691
65,688
(67,017)
3,100
53,462
92,691
65,688
(67,017)
-
91,362
116,805
311,102
(242,422)
-
185,485|
|---|---|
21
## **CVS SOUTH GLOUCESTERSHIRE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2024**
## **15 Analysis of net assets between funds**
|**Restricted funds**
**Unrestricted funds**
Designated - closedown fund
Designated activity funds
General fund
**Prior year**
**Restricted funds**
**Unrestricted funds**
Designated - closedown fund
Designated activity funds
General fund|**Other**
**Cash at Bank**
**Net assets**
**Total 2024**
**£**
**£**
**£**
80,885
-
80,885
30,000
-
30,000
7,900
-
7,900
120,312
(4,021)
116,291
239,097
(4,021)
235,076
**Other**
**Cash at Bank**
**Net assets**
**Total 2023**
**£**
**£**
**£**
94,123
-
94,123
30,000
-
30,000
7,900
-
7,900
68,501
(15,039)
53,462
200,524
(15,039)
185,485|
|---|---|
## **16 Related party transactions**
There were no transactions with related parties either during 2023 or 2024.
## **17 Company limited by guarantee**
CVS South Gloucestershire is a company limited by guarantee and as such has no share capital. In the event of the company being wound up, the liability of the members is limited to £1 each.
22
Audit Trail
|**Document Details**|**Document Details**|**Document Details**|||
|---|---|---|---|---|
|**Title**|Accounts for signature||||
|**File Name**|CVS 2024 Financial Statements (ID 236648).pdf|CVS 2024 Financial Statements (ID 236648).pdf|||
|**Document ID**|4f68259d041848e989d2d3f9d16c23c0||||
|**Fingerprint**|81cebe6b83540b255c846e11461e73ca||||
|**Status**|Completed
Ld||||
|**Document History**|||||
|**Document Created**||Document Created by Karen Chelton (karen@burton-sweet.co.uk)
Fingerprint: 03f3810dd7b9acd35fea28572ec6f0d1|Nov 18 2024
10:38AM UTC||
|**Document Sent**||Document Sent to Sue Parsons (sue.parsons6@btinternet.com)|Nov 18 2024
10:38AM UTC||
|**Document Viewed**||Document Viewed by Sue Parsons (sue.parsons6@btinternet.com)
IP: 86.154.173.14|Nov 18 2024
10:39AM UTC||
|||Document Signed by Sue Parsons (sue.parsons6@btinternet.com)|||
|||IP: 86.154.173.14|||
|**Document Signed**||Aue Vrsons|Nov 18 2024
10:40AM UTC||
|**Document Sent**||Document Sent to Joshua Kingston (josh.kingston@burton-sweet.co.uk)|Nov 18 2024
10:40AM UTC||
|**Document Viewed**||Document Viewed by Joshua Kingston (josh.kingston@burton-sweet.co.uk)
IP: 185.249.213.98|Nov 22 2024
11:26AM UTC||
|||Document Signed by Joshua Kingston (josh.kingston@burton-sweet.co.uk)|||
|||IP: 185.249.213.98|||
|**Document Signed**||qos
Kingston|Nov 22 2024
11:26AM UTC||
|**Document**||This document has been completed.|Nov 22 2024||
|**Completed**||Fingerprint: 81cebe6b83540b255c846e11461e73ca|11:26AM UTC||