REGISTERED COMPANY NUMBER: 04958843 {England and Wales) REGISTERED CHARITY NUMBER: 1101450 Re ort of the Trustees and Flnanclal Statements for the Year Ended 31 March 2024 for South Derb hire CVS Wrighl Vigar Limited Slalulory Auditors Chartered Accountants & Business Advisers Alexandra House 43 Alexandra Sl Nottingham Nottinghamshire NG5 1AY
South Derb shlre CVS Contents of the Flnancial Statements for the Year Ended 31 March 2024 Pag¢ Reference and Administrative Details Chalrman's Report Report of the Trustee$ 3 to 12 Report of the Independent Audltors 13 10 14 Statement of Flnanclal Activities 15 Balance Sheet 16 Cash Flow Statement 17 Notes to the Cash Flow Statement 18 Notes to the Flnancial Statements 19 to 30 Detailed Statement of Flnanclal Activities 31
South Derb hlre CVS Reference and Administrative Detalls forthe Year Ended 31 March 2024 TRUSTEES H M Scoll-soulh, Chair K L Parkinson, Treasurer K Downs M B Myth8n Z J Gillbe D J Holland O Ripley (resigned 25.3.241 K J Horn (appointed 13.12.23) J A O'Halloran {appointed 22.7.241 S Jackson {resigned 8.11.23) A M Jones (resigned 10.5.23) REGISTERED OFFICE The Hive Top Floor, Unit G Sharpes Eslale, Alexandra Road SwadlSncole Derbyshire DE119AZ REGISTERED COMPANY NUMBER 04958843 (England and Wales) REGISTERED CHARITY NUMBER 1101450 AUDITORS Wright Vigar Limited Statutory Auditor8 Chartered Accounlanls & Buslness Advisers Alexandra House 43 Alexandra St Nottingham Nottinghamshire NG5 1AY SOLICITORS Ellis-Fermor & Negus 2 Devonshire Ave Beeslon Nottingham NG91BS BANKERS Unity Trust Bank PLC 9 Brindley Place Birmingham B12HB Page 1
South Derb shire CVS Chalrman's Re ort for the Year Ended 31 March 2024 The chair presents her statement for the year. Last year, I reported lo you that we had appointed a new Chief Executive Officer Hollie Benton. l am pleased to report that Hollie has settled well into the role and the charity has continued lo thrive under her leadership. This has not been an easy year, demand for our seNices remains high and many of our service users continue lo face challenges within their lives. which we as a charity endeavour to ease, where posslble, and to support where we can. The foodbank is an excellent example of how we support the local community, and we remain extremely graleful lo all of the individuals who give of their lime and their donations lo support the essential work of Ihis seNice. This year though has seen a significant development in the services we provide lo support people within their own homes. We believe that working wlh partners we are one of the essential servlces that help to prevent people inapproprialely going into hospital or indeed support people to come home sooner. We now provide services across the whole of Derby8hire, and into Notllnghamshire supporting discharge in the Royal Derby H08Pltal, Qu88ns Hospital Burton in Staffordshire. Chesterfield Hospital and Kings Mill Hospital. Many of otjr services are inledinked, which en8ures a holistic approach 10 supporting the vulnerable within their own homes. None of this would be possible without the support of the partner organisations and dedicated staff, and of course, most importantly our volunteers who give their lime selflessly. As we move into the second part of this year, we will be looking lo expand the services we provide and will be looking for likeminded partners to either support or to lead on setvice provision within Derbyshire, but also bordering Counties. This year has seen the leadership team and Ihe Board of Trustees working even closer together on our agreed strategy. The Charity continues lo listen to the needs of our commissioners and lo understand the significant financial challenges that face them as we go forward. All of our discussions take into account the immense challenges that are faced by 811 In these very difficult and changing limes. We have Continued lo work through our subcommittees on our governance arrangements in¢luding significant improvements in our reporting systems for both financial performance and the quality and impact of our seNices. The expertlse and the commitment of the Trustees in supporting the leadership team and our staff has grown this year when we meet in committee and at the Board, we now have a high level of confidence in the infonmalion and data that we are receiving. This is 811 down lo the Trustees who give of their lime lo support our excellent leadershSp team. I would Ilke lo lake this opportunity lo thank the whole Board for the work they do and the impact that they have on our local and wider community. Finally, I would like to again thank all of our staff, the leadership team and our wonderful volunteers for their hard work and commitment to the vsers of our seNices. Wilhovl you none of this would happen, you really do make a difference. H M Scotl-south Chair Page 2
South Derb shlre CVS ort of the Trustees for the Year Ended 31 March 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 {effe¢tive l January 2019). OBJECTIVES AND ACTIVITIES Objectlves and aims a. Pollcies and objectlve$ The charity's oble¢ls, as defined in ils governing document, are: o lo promote any charitable purposes for the benefit of the communily. in particular bul not exclusively in the local government area of South Derbyshire and the advancement of education, the advancement, promotion and pro18clion of health and the relief of poverty, distress and siGkness' o lo promote and organise co operation in the achievement of (he above purposes and to that end lo bring togelher in Gouncil represenlalives of the voluntary organisalions and statutory authorities within the area of benefil. In setting objeclives and planning for activities. the Trustees have given due consideration lo general guidance published by the Charity Commission relating lo publlc benefit, including the guidance 'PubliG benefit.. running a charity IPB2)'. b. Strategles for achleving objectives. The Gharily has a strategic plan, agreed by ils Board of Directors, which sets out its vision, aims and priorities, and outlines planned a¢llvSty to achieve these aims. Our vision is for healthy, ¢onnecled. thriving communities. SDCVS is committed lo improving health and wellbeing oulcomes by: o Supporting individuals lo live well, learn & relain independence. o Helping to empower communities to feel heard and lo create sustainable change, through volunteering & partnerships o Place-based working to ensure that the voluntary sector remains at the heart of the communily c. Activities undertaken to achieve objectiVO$ The trustees confirm that they have referred to the Charity CommSssion's guidance on public benefit when reviewing the charity's aims and objectives, and have complied with the Charities Act 2011. Our activities deliver Ihe public benefit requirement Sn the following ways: Our first charitable objecl has two main beneficiaries.. Sndividuals who use our direct services., and voluntary and communily groups (and, indirectly. their beneficiaries). Page 3
South Derb shlre CVS ort of the Trustees for the Year Ended 31 March 2024 Through the services we directly provide lo individual beneficiaries, we relieve poverty, distress and ill health, advance education, improve health outcomes, andlor deliver other charitable purposes. For example.. o The Food Bank provides immediate relief lo individuals and families, in limes of crisis, who are experiencing food poverty. as well as helping them access support for the underlying causes.. o Safer Homes and our handy Person SeNice secure the homes ofvulnerable people who are at risk orwho have been victims of ¢rime- o Active Travel and other practical help servlces such as shopping and social car support the continued independence, quallty of life and wellbeing of older people and those experiencing poor health, limited mobility or dlsability., o Befriending servl¢es and groups tackle social isolation among older and vulnerable people, which is proven lo impact on mental and physical wellbeing and quality of life,. o Training provided through our Aim Awards Centre for voluntary and community groups and volunteers, provides opportunities for both accredited and inform81 learning and development. SeNices such as the Home from Hospital Service and the Mental Wellbeing Support Team, aim lo provide low level & preventive support Sn order lo preserve health and ensure that service users feel informed and able lo make choices about their health, such as awareness of local groups and services that they can access. We benefit a wider range of beneficiaries through our support lo local voluntary and community groups. volunteering and an asset based community development approach lo worklng with local communS1Ses. Through this area of activity.. o We support the development of new community activities, volunteering activity, services and groups, {including the formation and registration of new chariliesl ensuring a diverse cross section of the community are able lo benefit from their aclivilies., We provide training, information, guidance and support lo voluntary and community organisalions, as well as recTUiting volunteers and facililaling collaboration and peer support, so that other organisations operate effectively and provide quality services lo their beneficiaries., o We refer and signpost people lo, and if necessary support them to access, other voluntary and communilygroups and other services, so that Ih8y benefit from a wider rang8 of ¢ommunily based support. o We facilitate a Time Bank scheme in many of the districls across Derbyshire. The pro}ecl entitled Derbyshire rimeswap, alms lo facilitate community connecllon through the currenGy of time, empowering Individuals and organisations lo exchange skills they may have, in a flexible and accesslble way. Through delivery of our second charitable object (lo promote and organise co oper21ionl there is a wider benefit, enabling voluntary and community organisalions working across the whole range of charitable objects lo inform and influence the development and delivery of public seNices. Eligibility for some seNices may be limited lo, or priority given lo, a defined group of people le.g. those of a certain ag8, disability, or financial clrcumslances or those living in a particular geographical areal. This might be 8 condition of fundlng andlor because Ihe purpose ol the service Ss lo miligal8 a disadvantage experienced by that particular group. Other than this, seNices are offered in line with our equality and diversity policy lo all eligible sectors of the communSty. Most of our services to individuals and voluntary org8nisalion8 are free or subsidised. We actively encourage the contribution of volunteers who freely give their time to support and deliver aclivilies. We recognise that inabilily to pay Can be a barrier lo thos8 in most need of seNices. Where we do need lo charge for Seices, because they are nol olhetwse funded, charges are kept al the minlmum needed lo cover our delivery costs. The public benefits identified above are evidenced through: o Reports on performancellevels of service which measure the number of beneficiaries supported and number and nature of InteentIonS provlded., o Feedback from individual seNice users including ev81ualion of personal outcomeslbenefils. imp8cI and quality of seTViCe', Feedback from local voluntary and community organis81ions inlervenl1onslsupportlse1ces, impact on their work, and quality of service. includlng outcomes of our We hav8 not identified any private benefits olher Ihar) those incidental lo the furtherance of our charitable purposes. Nor have we identified any harm arising from our purposes. Page 4
South Derb shlre CVS Re ort of the Trustees for the Year Endèd 31 March 2024 STRATEGIC REPORT Achievement and performance Demand on the Foodbank continued to Sncrease during this period, undoubtedly due to the UK'S suslalned increased living costs. The Food Bank demand continues to increase steadily each year. We continue lo be supported by generous donations of food, funds, and other seasonal Items & our thanks go lo residents, businesses, community groups. schools, faith-based organisalions, clubs & parish councils, all of whom contributed. We are fortunate lo have many regular supporters from all walks of life and would like to thank the local businesses who pledged to support us during this period. Thanks also goes to our local supermarkets who continue to provide invaluable support both Ihrough collecting 2nd making donations as well as their in-house community roles who we work closely with lo run donation generating events. Individuals and families referr8d lo us receive a supply of basic food, appropriate to their needs whS¢h typically lasls up to three days. Where possible we try lo provide food suited lo circumstances as well as dietary needs. Our Food Bank provision is supported by an experienced team of Volunteers who provide a high-qualily seNice and ensure that servlce users can access this with dignity. Where donations allowed, we were able to provide famllSes with season816xlras such as chocolate selectlon boxes over the festive December period and specialist donations such as slow cookers, has allowed us lo support those living in accommodation wilhoul Cooking facilities for example. We typically expe¢t to see higher demand in the winter months, which was the case, however the lev61 and complexity of need was comparable lo 2022123, and in partnership with other organisations, we have been able to support many people 8xperienGing distress, living in difficult circumstance5. During IhSs period, the Food Bank supported a lolal of 2,667 people. 1,567 of those were adults and 1,100 children. A lolal of 1,217 food parGels were issued, 595 Single parcels and 716 Family parGels. The number of meals clients were able lo cook with the food we provided equales to approximately 24,003 meals. Additional support available to food bank clienls, has continued in partnership with Citizen8 Advice Mid-mercia. This co-loGated seNice, provided timely adm to those in distress, focused on improving financial out¢omes relating to benefit entitlement and review of energy costs. The Safer Homes seNice was delivered across South Derbyshire and Erewash, which offered home safely checks, reassurance & advice together with the installation of safely measures such as window locks and door chains. This seice is provided to older and vulnerable residents, who may at risk of. or who have unfortunately been the victim of crime. During the period a lolal of 611 safety visits were made, 363 in South Derbyshire and 252 in Erewash. Our Handy Person service continued lo support South Derbyshire residents working closely wilh the Safer Homes Team. The Handy Person Support seNice is available to eligible private sector owners who have a vulnerability, helping them to retain their independence al own home, prevent hospital admission and support timely hospital discharge. Our Handy Person Operative supplies and fits a range of free physlcal adaptions and low-level improvements such as. 1. Inslallalion of grab rails and other aids 2. Installation of key safes 3. Minor home rep21rs 4. Eliminating fall risks (carpet trips, changlng light bulbs, fixing curtain polesllracks, putting up shelves and pictures etc.) The service is service-user led, with an advisory role on hand to offer information alongside Ihe pr8clic81 support provided. This might include for example, referrals lo Befriending Services, signposting to the CAB for benefit entitlement or access to local social activities. We are delighted to b8 able lo continue delivering Ihis seNice until 2026. In Ihls period, we carried out 452 Operative visits and 120 Support visits a Tolal of 572 visits, to people ranging in age from 28-99 years. 215 rails were fitted and 16 outside ramps were built lo allow easier access to properties. 299 key safes were fitled during this time, which we know Gan provide peace of mlnd as well as enabling timely Hospltal discharge. Page 5
South Derb hlre CVS Re ort of the Trustees forthe Year Ended 31 March 2024 We were very pleased lo continue delivering the Active Travel service together with our delivery partners of Connex and Ashboume Community Transpo¥t. The service provides transport for people in South Derbyshire and Derbyshire Dales, supporting them lo access medlcal appointments at GP surgeries and Hospitals as well as ensuring that people have access to prescriptions and essential shopping items. This seNice is delivered in the main by volunteer drivers using their own vehicles, with 8 local transport provider being on hand for those people who need a wheelchair accessible vehicle. The seICe enabled 2242 journeys lo lake place- 0 1,532 medical appointments 0 46 medication collecllons 0 284 shopping deliveries The transport offer also included accessible transport lo Swadlincole High street, with 108 journeys being provided. Our 'Connecl Befriending, service continued lo offer vital support lo people experiencing loneliness and isolation, through a blended offer of telephone calls and home visits. This 811-age adult's service is delivered by specially trained volunteers. The service has supported 62 individuals with 28 being provided with home visits and 34 receiving telephone support. 58 volunleers have enabled this lo happen, and we are pleased lo report 13 new volunteers were recruited. Support isn't just limited lo the volunteer interaclions, with the Befriending Coordinator ensuring that onward referrals are made for those individuals wih other support needs. The support Ss provided for as long as the befriendee needs. It's very Clear that the impact of isolation contributes lo poorer health outcomes, both physically and mentally, and we continue to showcase the value of this seNice to our partners. In 2023, this service opled to undertake a quality agsurance exercise and we were dellghted lo have given a Quality Sn Befriending kitem8rk, offering greater assurance lo those who use our seNices. their family and carers as well as our amazing volunteers. The Mental Wellbeing Support Team became an established part of our organSsation in this period and continue lo offer vital 8UPPOrt to South Derbyshire residents experiencing challenges with their mental health. This is provided through weekly group sessions as well as on a one-to-one basis. 173 people were supported wllh 98 of them being new referrals. Over 800 calls were made lo and on behalf of seNice users. 208 one-to-one appointments and home visits were made, wlh 275 onward referrals & signposting. The Home from Hospital seNice, a county wide provislon offering preventative and proactive support lo those al rtsk of being admltled lo Hospilal or who are due to be discharged from Hospital, has gone from strength lo slrenglh Sn this period. SDCVS lead this conlr8Ct and deliver this important seNice in partnership wlh olher VCSE organisalions across the county. The support we offer inGludes.' o Undertaking shopping & collecting prescriptions o Making sure the home environment Ss warm and safe wlh a layout lo support any new equipment entering the home. o Arranging for key safes to be fitted and community alarm or telecare systems to be provided if needed o Supporting people lo manage Ihelr bills and appoinlmenls o IncreasSng access lo Community activities to help people feel connected lo their communities o Empowering people lo understand care oplions and plan what they need for the future o Signposting lo other slalulory, voluntary sector and community organisations as appropriate. In this period. 1,114 referrals would made lo the service across the County. Home from Hospital volunteers supported 84 sejvice usèrs giving 371 hours of their lime. We were delighted lo secure the Home from Hospital contract for a second time in this period. whlch means we can continue building on this success until 2027. The Derbyshire Time Swap service was officially launched in April 2023 and this period has seen the team gaining Iraclion wllh securing new lime swap members as well as resuming swap activity within the existing membership. This service is a huge asset lo our Organisation, the sector, and the residents of Derbyshire. Locally based time swap officers have developed community relalionshlps in order lo understand the unique challenges of each area as well as the opportunities. In this period, 48 new organisalional members joined the scheme, and 130 new individual members wer8 recruited. Page 6
South Derb shire CVS Re ort of the Trustees for the Year Ended 31 March 2024 1,230 exchanges took place with 3,132 hours swapped. Our Community Development Team has continued delivering expert infrastructure support, to existing voluntary and community groups as well as helping new groups lo set up and develop. This support includes governance, and sourcing funding. Our focus has been on building community resilience and ensuring Ihal the variances between different areas such as thos8 more rural villages for example, are understood. We support place-based methodology seen in partner sectors and our aim is for communities who feel empowered to help themselves, bul who are also well informed and know when stalulory support is required and how to access this. The team provide workshops and training. undertake research and act as conduit for 8 vast exchange of information across the sector within South Dert)yshire, championing the VCSE sector within strategic conversations and local forums. The leam have a vast range of skills, with specialisms in social connectedness, funding, community development and volunteer force management. Achievements during this period.. 0 1008 Inleraclions took place with support being provided to 259 different groups 0 12 funding e-bulletins were issued across the ye8r with our combined malling list for bulletins now lolalling over 900 conta¢ts. 0 12 funding workshops were delivered 0 15 community forums were organised. o Our 'Community Connector8, project continued to provide information on health and wellbeing related seNi¢es and infomalion. The network currently has 48 Community Connectors and continues to grow. We recruited 19 new connectors this year but unfortunately lost a few due lo different circumstances including roles changes. The network is recognised and celebrated within South Derbyshire CVS representing a real community collaboralion and way of sharlng Information wlh residents of South Derbyshire. We produced 12 Health and Wellbeing Bulletlns We have had 11 Informatlon Sessions including.. Hearing Help UK, Neurodevelopmental Community Hub, STAND TO, Derbyshire Fire and ResGue Service, Beyond Barriers and Green Doclor. o Connect South Derbyshire aims lo work with community groups and individuals lo improve social connections. Being connected socially decreases feelings of loneliness and isolation and improves health and wellbeing. On average each month over 300 people benefit from the work done through Social conne¢tiveness, and 18 groups are supported. o We were Involved in 65 events, and Ihe value of in-person conversation and connection is once which we are pleased lo have sustained, with a carefully managed approach in wnler months. o In partnership wilh South Derbyshire Dlslrict Council, we helped lo deliver a live music event 'Swad Live, contributing to Swadllncote's aim lo be a vibrant and allraclive visitor destination, complementing existing atlraclionslevents and in doing so bring more people into the town ¢entr8. 500 people attended the event in August 2023. o The distribution of South Derbyshire Small Grants Funding Ss offered lo small volunlarylcommunity organisalions in South Derbyshire. This funding aims lo improve he811h & wellbeing and improve mental health & wellbeing. 9 groups received funding during this period. We continued our role of managing South Derbyshire Volunteer Force, working hard to relain and 8UPPOrt our existing volunteers as well as recruiting new volunteers. As mentioned, we hav8 developed corporate volunteering relationships with several organisalions and are keen to develop further in 2024125. 123 volunteers supported (he delivery of our services, conlributing 10,520 hours. We received over 100 expressions of interest of which over 60 /0 were placed into voluntary Sector roles. We placed 86 corporate volunteers in with 7 community organisalions or groups to Complete community projects amounting to over 500 hours of time volunteered. We secured funding from DCC for a pilot project around engaging young people aged 16-24 in Youth Social Action through volunteering as part of Ihis we delivered inspiring assemblies around the impact and benefits of volunteering to over 110 Year 12 pupils at The Pingle A¢ademy. We were pleased lo host a successful voltjnteer celebration event seeing awards for oulstandlng contributlon and long service. The event was attended by over 50 volunteers as well as representatives from exiemal charitable organisalions and corporate supporters. The Volunteer fair 2023 (which coincided with Volunteer Week) was attended by 31 visitors with exhibitors from 12 local and national charitable organisalions. Page 7
South Derb hire CVS Re ort of the Trustees for the Year Ended 31 March 2024 We hosled quarterly volunteer sector forums. with guest speakers from the Vision for Volunteering, Neurodiversity Hub on how to engage and support volunteers with neurodiverse needs, Hive Training Solutions on training and development of volunteers. Our commilled staff team continues lo work in a hybrid way, with 'The Hive, being a meeling point for service us8rs on a 1..1 and group basis, partnershlp meetings and the loGation for Training & Development delivery. We provide room hire for other organisalions for community work and training delivery. The food bank continues lo operate from the Hive, providing service users an accessible yel discreel seNice and we have made several improvements to this area during the period. We have increased our workforce within this period, enabling us to deliver a wider range of services lo more residents in South Derbyshire & beyond with ambitious plans for 2024125. Financial review a. Going concern After making appropriate enquiries, the Trustees have 2 reasonable expectation that the Charily has adequate resources to conllnLfe in operational exlstence for the foreseeable future. For this reason. they continue lo adopt the going concern basis in preparing financial s18tements. b. Reserves policy The Iruslees set a reserves pollcy which requires.. o Reserves be maintained al a level which ensures that South Derbyshire CVS ISDCVS) core activity could continue during a period of unforeseen economic difficulty. o A proportion of r8seNes be maintained in Ihe annual cash flow of the ¢harily for operation81 imperatives. o A proportion of reserves be maintained in the annual cash flow of the charity for strategic development. partnership development and growth opportunities. o Any reserves net of the above agreed values may be invested to generate capital but musl be able to be drawn down wlthin one operalional month. The calculation of the required level of reserves is an integral part of the organlsalions planning, budget and forecast cycle. The Trustees have reviewed the po8sSble costs of winding up and redundancies if CVS should fail. The total potential slalutory redundancy pay liability Is calculated al £73,841 based on current staffing levels, with anlicipaled wnding up costs of £27,393, so a deslgnaled reserve of £101,234 is allocated for this eventuallly. Unrestricted funds tied up in fixed assets and property sale of £11,619 and £265.413 respectively musl also be ringfenced. After these funds have been designated accordingly, as shown in note 22, the Charily is left with free reserves of £127,683 at the balance sheet dale (2023 £123,301), whlch is less than the largel set of £200k (3 months operational costs). SDCVS will aim to restore the reserves lo between 25 /0 300/0 of expenditure over the next four years. This could be achieved by increased fundraising, increaslng earned income or reducing expendilLtre in line with positive operational management. The reserves policy will be reviewed annually in line with our budgel and annual accounts. Principal funding The principal funding sources for the organisalion are the Derbyshire ICB, South Derbyshire District Council and Derbyshire County Council. Page 8
South Dèrb shire CVS ort of the Trustees for the Year Ended 31 March 2024 STRATEGIC REPORT Future plans As the UK and Voluntary sector continues lo face uncertainty with increased living costs and financial challenge8 in other seGtors. South Derbyshire CVS will remain focussed on improving health outcomes and community connections. Continued pressures on Local Authorities, Health and Social Care services, continues lo hlghlight the value and impact of the VCSE sector, as a responsSve and proa¢live partner, well placed to build community reslllence and reduce demand on statutory S8Nices Our focus will remain on offering preventive health and wellbeing seNices, supporting thoge experiencing food inequality, reducing loneliness and isolation, and promoting independence at home. We aim to expand the number of services we provlde, in partnership with other VCSE organisalions. The services we provide are rellanl on our incredible Volunteer Force, who are an invaluable asset lo our Organisalion as well as the community. We are committed lo our volunteers and lo supporting and celebrating the impact they have. Our developments with corporate volunteering have demonslraled that volunteerlng can be accessibl8 for a v8ri8ty of organisalions who have undertaken several communlty projecls that we wouldn't have been able to support without the commitmenl of local businesses. It remains our aim lo be 8 trusted provider of hlgh quality, affordable training, for individuals, other VCSE organisations as well as the private sector. Provision of paid-for training will allow us to invest in seNices where we see fluclualing demand such as the Food Bank. It's also our goal to embed learning opportunities in the support we provide lo individuals and groups, and we will continue to develop this approach In 2024125 Our Community Development team play a vital role in the development of local groups and community based organlsations, with sustained focus and energy being directed into the rural parts of South Derbyshire, and others who may be isolated in different ways such as those who may experlence digital exclusion. The links between the work we do with the community in this way. as being the earliest opportunity lo prevent isolation and ill health, will be championed In the year ahead. Our home, The Hive, based Sn the centre of Swadlincote, is developing into a multi-agency hub of activity and w8 aim lo maximise use of the space we have available, not only lo support partnership working but also lo establish stronger links with local businesses and new seNices. We hold the highest standards for our organisation in terms of quality, complianGe and governance. SDCVS will conlinue to be a strong voice for the sector, ensuring that the value of VCSE organisalions Is endorsed and that the insight we have, feeds Into slralegi¢ decision maklng. We remain in very challenging times as a sector and of equal importance to seNice delivery and community impact, is the wellbeing and development of our staff 2nd volunteers. We will work with partners across sectors for the benefit of our teams, lo ensure that all feel valued and supported, with opportunity lo grow and develop. Page 9
South Derb shire CVS ort of the Trustees for the Year Ended 31 March 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Constitution The charitable Company Is registered as a charitable company limited by guarantee and was s61 up by a Memorandum of Associalion on 10 November 2003 and regSstered as a chartly on 12 January 2004 with registered charily number 1101450. The charity was established under 8 Memorandum of Association, which established the objects and powers of the charitable company and is governed under its Articles of Associallon. In the event of the charitable company being wound up, the members are required to Gonlribule an amount not exceeding £1. b. Methods of appolntment or electlon of Trustees The management of the charitable company Is the responsibility of the Trustees who are elected and Go opted under the terms of the Articles of Association. The directors of the company are also charity Iruslees for the purpose of charity law and under the Articles of Association are known as dire¢lors. Under the requirements of the Memorandum and Articles of Association one third of the directors musl retire at each annual general meeting. They are eligible for re election. The organisation strives lo ensure the diversity of ils beneficiaries is reflected within the membership of the board and that directors have the relevant business and practical experience required. ReGruilmenl of the directors 18 achieved by a variety of methods, including a direct approach, where the need for specific skills has been identified, lo an invitation to members lo nominate 8 candidate. Organisational structure and decision maklng pollcl¢$. South Derbyshire CVS has a board of Trustees which can have up lo 15 voting members. Some funders also nominate non voting represenlalives lo allend Board meelings. The Board meets every two months and is responsible for the strategic direction and policy of the organisalion. The organisation also operates finance & performance, human resources, and risk commillees, that are subgroups of the Trustee Board. These groups meet every month or as required lo deal with financial or human resource issues. The CEO allends meelings of these subcommillee groups bul wilhoul voting rights. The day to day responsibilily of running the org8nisalion lies with the Chief Executive with a team of managers responsible for the delivery of specific services, including the line m8nagement of frontline staff and volunteers. The Flnance and Admln Manager overseas the day-to-day financlal operallon. The Chief Executive Is responslble for overseeing the staff development programme, and the achievement and maintenance of quality standards within the organisation, supported by the Head of Operations. The Community Development Manager is responsible for ensuring the delivery of CVS and Volunteer Centre core functions. The Direct Services Manager and Education & Trainlng Manager have responsibly for their respective seNice areas. d. Policies adopted for the inductlon and tralning of Trustees. All new trustees receive an information pack containing.. the Memorandum and Articles of Association, a role description, charity commission guidance on the roles and responsibilities of trustees and public benefit, an annual report and accounts, CVS servic8s information pack, newsleller, and the org2nisation's strategic plan. They are invited to attend an induction training session which covers the history of CVS and Ils future plans, the roles and responsibilities of trustees and basic health and safely information. Trustees are also offered the opportunity lo shadow members of staff. attend all internal training and development days and lo loln a sub commillee of their choice. There is IT provision th81 enables Iruslees to access our suite of Policies. Related party relationshlps The organisalion is an affiliated member of NAVCA (the National Association of Voluntary Communily Associations). CVS agrees to provide seNices that cover the core areas of work. These are.. Development, Represenlalion, Liaison, Practical Support and Strategic Partnerships. The org8nisalion observes best praclice standards as sel out by NCVO {Nalional Council of Voluntary Organisations) and ensures that our Volunteer Centre seNice delivers all 5 core functions to a high standard. These are.. sttegiC Development of Volunteering, Good Practice Development, Developing Volunteering Opportunities, Voice of Volunteering and Brokerage. The organisation is a memb8r of DDIA (Derby 8 Derbyshire Infraslruclure Alliance), the Derbyshire Consortium of voluntary and community sector infraslruclure organisallons. Membership enables the organisation lo ¢ollabor8te with similar seNlces al 8 counly level and engage with national policy around the provision of infraslruclure services. The Volunteer Cenlre is a member of Volunteer Centres Derbyshire, 8 subgroup of DDIA. Its remit Is lo maintain high standards of volunteer centre seNice delivery 8¢ross the county and to work towards equitable delivery of service. Page 10
South Derb shire CVS ort of the Trustees for the Year Ended 31 March 2024 f. Flnancial risk management The Trustees have assessed the malor risks lo which the charitable company is exposed, In particular those related to the operations and finances of the charitable company and are satisfied that systems and procedures remain in place to miligale our exposure lo the major risks. The Senior Team has carried out a review of Ihe rlsks lo which the organlsatlon is exposed. The risk register is updated and is brought lo sub committees and Board meetings. Where appropriate, systems and procedures have been established lo miligale the risks faced by the organisation. The organisalion has Gomprehensive financial management and operational manuals, which are reviewed annually and amended as requirad. All the services delivered by SDCVS operate within legal requirements as well as the requirements of stalulory partners on matters of safeguardlng children and vulnerable adults, confidenlialily and the maintenance of client records. The org8nisalion operates subgroups lo manage ils health and safety requlrements and the revlew and production of policies. The groups are responsible for monitoring, reviewing and responding lo risks on a regular basis and reporting to sub committees and the Board as appropriate. FUNDS HELD AS CUSTODIAN FOR OTHERS During the year, South Derbyshire CVS acted as Custodian Trustee for the organisalions listed below. The Sncome and expendilure is not included within the South Derbyshire CVS financial statements and the balances held at 31 March 2024 are carried in a separate bank account that is not reflected on the balance she8t. 1 April 2023 Income Expendlture 31 March 2024 Miscellaneous A gift foryou Bereavement Cafe Bug's Lifeline Creative Collaborative Client fundlng CVS holding Account Dimand Befriending & Support Endometriosis Etwall Baby and Toddler Group Etwall Walklng Football Club Friends of Chrysanthemum Court Friends of Slenson Fields CCG Grow Outslde CIC Hatlon Bingo Ladies @ Craft LD Partnership Board Lullinglon Knit & Nalter Memory Lane Social Activities Newhall Community Friends Newhall Litter Pickers Shoutout Social Connectedness Support fund St Martin in the Fields Staff Collections Stanton Messy Play Swad & Burton N81ural Parenls Swad & Burton FANS William Allill Youth Group 13,018 12,240 775 26 123 969 130 1,886 80 500 1,491 1778) 775 26 123 969 130 356 80 500 1,530 1,491 50 1,565 50 1.565 1,386 821 1,053 489 400 500 75 66 12,065 1,951 565 821 1,053 700 211 1200} 200 500 75 66 2,659 8,043 430 1,480 18,461 9,055 8,043 430 1,372 68 2,000 246 1561 933 176 2,000 246 56 28,817 33,898 42.078 19,080 STATEMENT OF TRUSTEES. RESPONSIBILITIES The truslees (who are also the directors of South Derbyshire CVS for the purpose8 of company lawl are responsible for preparing the Annual Report and the financial slatements in accordance with applicable law and United Kingdom Accounting Standards (United KSngdom Generally Accepted Accounting Practice). Page11
South Derb shire CVS ort of the Trustees for the Year Ended 31 March 2024 STATEMENT OF TRUSTEES. RESPONSIBILITIES - Continued Company law requires the Iruslees lo prepare financial statements for each financial year which give a true and fair view of the slate of affairs of Ihe Gharilable company and of the incomlng resources and appllcallon of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to select suitable accounting policies and then apply them consislenlly., observe the methods and principles in the Charity SORP., make judgements and estimates Ihal are reasonable and prudent., prepare the financial glalemenls on the going concern basis unless il is inappropriate to presume that the charitable company will continue in buslness. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial posSllon of the charllable company and lo enable them lo ensure that the financial statements comply with the Companies Act 2006. They are also responsible for, safeguardin9 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 Iruslees are aware-. there is no relevant audit Snformation of which the charitable company's auditors are unaware.. and the trustees have taken all steps thal they ought lo have taken lo make themselves aware of any relevant audit information and lo establish that the audilors are aware of that information. AUDITORS The auditors, Wright Vigar Limited, wll be proposed for re-appointment al the forthcoming Annual General Meeting. Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 1.%.:..g..-.a¥t................ and signed on the board's behalf by- H M Scoll-soulh, Chair- Trustee Page 12
Re ort of the Inde endent Auditors to the Members of South Derb shlre CVS Oplnlon We have audited the financial slalements of Soulh Derbyshire CVS Ilhe 'charltable GompanVI for Ihe year ended 31 March 2024 whicki comprise the Slalemenl of Financial A¢tivities, the Balanc8 Sh661. the Cash Flow Slalemenl and notes lo the financial stalemenls, including a summary of significant accounting policies. The financial reporting framework that hag been applied in their preparation is applicable law and Uni18d Kingdom Accounting Standards (United Kingdom Generally Accepted AcGounling Praclicel. In our opinion the financial statements.. give a true and fair view of the slate of the charitable company's affairs as al 31 March 2024 and of ils incoming resources and appli¢ation of resources. including ils income and expendllure, for the year then ended- have been propedy prepared in accordance wilh United Kingdom Generally Accepted Accounting PracliGe' and have been prepared in accordance wilh the requirements of the Companies Act 2006. Basls for opinion We conducted our audit in aGcordance with International Standards on Auditing {UKI {ISAs (UKII and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements sectlon of our report. We are independent of the charitable Company in accordance with the elhScal requirements that are relevant lo our audit of the financial stalements in Ihe UK, including the FRC'S Ethical Sland8rd, and we have fulfilled our other ethical responsibilities Sn a¢cordance with these requirements. We believe th81 the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclusions relating to golng concern In auditing the financial slatemenls, we have concluded that the Iruslees, use of the going concern basis of accounting in Ihe preparation of the financial slalements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating lo events or conditions that, individually or collectively, may cast significant doubl on the charitable Gompany's ability to continue as a going concern for a period of al leasl twelve monlhs from when the financial slalemenls are aulhorised for issue. Our responsibilities and the responsibilities of the trustees with respect lo going Goncem are described in the relevant sections of this report. Other informatlon The Irustees are responsible for the other Infomiatlon. The other information comprlses the Informallon Included in the Annual Report. other than the financial 8lalements and our Report of the Independent Auditors Ihereon. Our opinion on the financial statements doe8 not cover the other information and, except lo the 8Xtent otherwise explicitly slated in our report, we do not express any form of assurance conGlusion thereon. In connection with our audit of the financlal stalemenls, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misslatemenls, w8 are required to determlne whether this gives rise lo a material misstatement in the financi81 statements themselves. If, based on the work we have performed, we ¢onclude that there is a material misstatement of thls other Information, we are required to report Ihat fact. We have nothing lo report in this regard. Oplnlons on other matters presGrlbed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit- the information given in the Report of the Trustees for the financial year for which the fin3n¢ial slalements are prepar8d is consistent wlh the financial statements; and the Report of the Tnjstees has been prepared in accordance with applicable legal requirements. Matters on whlch we are required to r8POrt by exception In the light of the knowledge and understanding of the charitable company and ils environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees. We have nothing to report in respect of Ihe followng matters where the Companies Act 2006 requires us lo r8POrt to you if, in our opinion.. adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not vlsited by us., or the financial statements are not in agreement with the accounling records and returns., or certain disclosures of Iruste¢s' remuneration specified by law are not made., or we have not received all Ihe information and explanations we require for our audit. Page 13
ort of the Inde endent Auditors to the Members of South Derb shlre CVS Responsibilities of trustees As explained more fully in the Statement of Trusle6s' Responslbilities, the Iruslees (who are also the director8 of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a ITue and fair view, and for such internal control as the Iruslees determine is necessary to enable the preparation of financial statements that are free from material misslalement, whether due lo fraud or error. In preparing the financial slalements, the trustees are responsible for assessing Ihe charitable company's ability lo continue as a going concern, disclosing, as applicable, mallers related to going concern and using the going concern basis of accounting unless the trustees either intend lo liquidate the charitable company or to cease operations, or have no realistic alternative bul lo do so. Our responsibilitles for the audit of the flnan¢lal statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misslatemenl, whether due lo fraud or error, and lo issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when il exists. Mlsslalemenls can arlge from fraud or error and are considered material if, individually or in the aggregale, they could reasonably be expected lo intEuence the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of delecling irregularities, including fraud is detailed below- Irregularities, including fraud, are instances of non-compliance w¢lh12ws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of Irregularities, including fraud. Our approach included oblalnSng an understanding of the legal and regulatory frameworks th81 are applicable lo the company and we determined those that are most significant. Based on the results of our risk assessment we designed audit procedures to identify non-compli8n¢e with such laws and regulations. The specific procedures included enquiry of management and those charged with governance around actual and potential litigation and claims. In addition, and based on the results of our risk asses8ment we designed audit procedures lo identify and address material misstatements in relation lo fraud. Specilically we considered the risk of fraud through management override Ihal may lead lo a misappropriation of assets or inappropriale financial reporting. In response, we performèd audit work over the risk of management override of controls, including testing journal entries 2nd other adjustments for appropriateness, evaluating the business rationale of signlficant transactions outside the normal course of business and reviewing accounting eslimates for bias. Because of the inherent limitations of an audil, there is a risk that we will not delecl all irregularities, including those leading to a material misslalemenl in the finanGSal slalemenls or non-¢ompliance with regulation. This risk increases the more that compliance with a law or regulation is removed from Ihe events and transactions reflected in the financial slalemenls, as we will be less likely lo become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than èrror, as fraud involves intentional conce81ment, forgery, collusion, omission or misrepresenlalion. A further description of our responsibllStSes for the audit of the financial slalements is lo¢aled on the Financial Reporting Council's website al www.frG.org.uklauditorsresponsSbilllles. This description forms part of our Report of Ihe Independent Auditors. Use of our report Thls report Ss made solely lo the ¢harltable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might stale to the charitable company's members those matters we are required lo slate lo them in an auditors, report and for no other purpose. To the fullest extent permilled by law, we do not accept or assume responsibility lo anyone other than the charitable company and the charilable company's members as a body, for our audit work, for this report, or for the opinions we have formed. Steven Newman LLB BFP FCA (Senior Statutory Auditor) for and on behalf of Wright Vigar Limited Slalulory AudStors Chartered Accountants & Business Advisers Alexandra House 43 Alexandra St Nollingham Nollinghamshlre NG5 1AY Date-. Page 14
South Derb hire CVS Statement of Financlal Activitles forthe Year Ended 31 March 2024 2024 Total funds 2023 Total funds Unrestrictèd funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 17,273 41,482 58,755 101,445 Charltable activltles Voluntary Sector Support & Setvices 11,595 1,155,119 1.166,714 1,004,485 Other trading activities Investment Income Other income 1,235 6,305 1.235 6,305 2,853 234,168 Total 36,408 1,196,601 1,233,009 1,342,955 EXPENDITURE ON Raising funds 3,348 3,348 5.073 Charitable activltles Volunlary Sector Support & Services 25,285 1,236,213 1.261.498 1,202,370 Total 28,633 1,236.213 1,264,846 1,207,443 NET INCOMEI{EXPENDITURE} Transfers between funds 7,775 (9,3601 {39,612) 9,360 131,8371 135,512 22 Net movement In funds {1,5851 (30,2521 {31.837) 135,512 RECONCILIATION OF FUNDS Total funds broughl foNard 507,534 117,310 624,844 489.332 TOTAL FUNDS CARRIED FORWARD 505,949 87,058 593.007 624,844 The notes form part of thes8 financial statements Page 15
South Derb shlre CVS Balance Sheet 31 March 2024 2024 Total funds 2023 Total funds Unrestricted funds Restrlctèd funds Notes FIXED ASSETS Tangible assets 18 11,619 11.619 17,586 CURRENT ASSETS Debtors Cash at bank and in hand 19 24,708 527,147 24,708 635,002 76,055 711,715 107,855 551,855 107,855 659,710 787,770 CREDITORS Amounts falling due within one year 20 (57,5251 120,7971 (78,3221 (180,5121 NET CURRENT ASSETS 494,330 87,058 581,388 607,258 TOTAL ASSETS LESS CURRENT LIABILITIES 505,949 87,058 593,007 624,844 NET ASSETS 505,949 87,058 593.007 624,844 FUNDS Unreslrittted funds Reslricled funds 22 505,949 87,058 507,534 117,310 TOTAL FUNDS 593,007 624,844 The financial tatemenls were approved by the Board of Trustees and authorised for issue and were signed on Ils behalf by.. on H M Scolt-soulh, Chair- Trustee The notes form part of these financial slalement8 Page 16
South Derb shire CVS Cash Flow Statement for the Year Ended 31 March 2024 2024 2023 Notes Cash flows from operatirtg actlvltles Cash generated from operations (76,618) (127,9531 Net cash used in operating activities (76,618) (127,9531 Cash flows from investirtg actlvltles Purchase of tangible fixed assets Sale of tangible fixed assets (951 112,2581 335,000 Net cash (used in)Iprovided by investing activities 195) 322,742 Change in cash and cash equlvalents in the reporting period Cash and cash equlvalents at the beginnlng of the reporting period (76,713) 194,789 711,715 516,926 Cash and Cash equlvalents at the end of the reporting perlod 635,002 711,715 The notes form part of these financial slalements Page 17
South Derb hire CVS Notes to the Cash Flow Statement for the Year Ended 31 March 2024 RECONCILIATION OF NET {EXPENDITUREIIINCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net (expendlturellincome for the reporting period {as per the Statement of Flnanclal Activities) Adjustments for: Depreciation charges Profil on disposal of fixed assets Decreasellincreasel in debtors IDecreasellin¢rease in creditors 131,8371 135,512 6,062 12,559 {234.1681 (55,4141 13.558 51,347 {102,1901 Net cash used in operations (76.6181 (127,9531 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.23 Cash flow At 31.3.24 Net cash Cash at bank and in hand 711,715 {76,713) 635,002 711,715 (76,7131 635,002 Total 711,715 176,713) 635,002 The notes foim part of these financial statements Page 18
South Derb shlre CVS Notes to the Flnancial Statements for the Year Ended 31 March 2024 GENERAL INFORMATION South Derbyshire CVS is a private company limited by guarantee, incorporated in the United Kingdom and reglstered with the Charity Commlsslon in England & Wales. Ils registered office address and registered numbers are given on Page 1 of these financial slatemenls. Its primary objective is to promote any charitable purposes for the benefit of the community, in particular, bul not exclusively, in the local government dislricl of South Derbyshire and the advancement of educalion, the advancement, promotion and protection of health and the relief of poverty, distress and sickness. ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company, which Ss a public benefit enlily under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounling and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance wlh the Financial Reporting Standard applicable in the UK and Republio of Ireland IFRS 102) (effe¢live 1 January 2019),, Financial Reportlng Standard 102 'The Finan¢Sal Reporting Standard appli¢able in the UK and Republic of Ireland, and the Companies Act 2006. The financial slalements have been prepared under the historical cost convention. South Derbyshire CVS meets the definition of a publlc benefit entity under FRS 102. Assets 8nd liabilities are initially recognised 81 historical cost or transaction value unless otherwise slated in the relevant accounting policy. Golng concern After making appropriale enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources lo contlnue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial slalemenls. Income All Income is recognised in the Statement of Financial Aclivilles on¢e the charily has enlillement lo the funds. It is probable that the income will be received and the amount can be measured reliably. The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the abillly lo estimate with sufficient accuracy the amount receivable. Evidence of entillemenl lo a legacy exists when the Charity has sufficient evidence that a gift has been left to them (through knoedge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will nol be required to Satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount lo be distributed lo the Charity, can be reliably measured. Grants are included in the Slalement of financial aclivilies on a re¢eiv8ble basis. The balance of income received for specific purposes bul not expended during the period is shown in the relevant fttnds on th8 balance sheet. Where income is received in advance of entitlement of receipt, ils recognition is deferred and inGluded in creditors as deferred income. Where entitlement occurs before income Is received, the income is accrued. Income tax recoverable in relation to donations received under Gifl Aid or deeds of covenant is recognised al the time of Ihe donation. Other income is recognised in the period in which it is receivable and to the extent the goodg have been provided or on completion of the seNice. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or construtttive obligation committing the charity lo that expenditure, il is probable that a transfer of economic benefits will be required in selllement and the amount of the obligation can be measured reliably. Expenditure is classified by 2clivily. The costs of each activity are made up of the total direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs 2ttribul8ble to a single activlty are 811ocaled directly to that 8Ctivily. Shared costs which contribute lo more than one activity and support costs which are not allribulable lo a single activity are apportioned b8lween those activities on a basis consistent with the use of resources. Central staff costs are allocated on Ihe basis of lime spent, and depreciation charges allocated on the portion of the asset's use. Expenditure on raising funds includes all expenditure incurred by the Charity lo raise funds for its charitable purposes and Includes costs of all fundraising actSvilies events and non-oharilable trading. Expenditure on charitable activities is inGurred on directly undertaking the activities which further the Charity's objectives, 88 well as any associated support costs. Page 19 continued...
South Derb shire CVS Notes to the Financial Statements- continued for the Year Ended 31 March 2024 ACCOUNTING POLICIES - continued Expenditure All expenditure is inclusive of irrecover8ble VAT. Grants payable are charged in Ihe year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered sublect to conditions whlch have not been met al the year end date are noted as a commitment bul not accrued as expenditure. Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured rellably by the Charity. This is normally upon notlficalion of the interest paid or payable by the inslilulion with whom Ihe funds are deposited. Intangible assets and amortisation Intangible assets costing £1.000 or more are capilalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Inlanglble assets are initl8lly recognised al cost. After recognition, under the cost model, intangible assets are measured 8t cost less any accumulated amortisalion and any accumulated Smpairmenl losses. Al each reporting date the charity assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined to be the higher of ils fair value less costs to seel and ils value in use. An impairment loss is recognised where the carrying amount exceeds the reGoverable amount. Amortisalion is provided on intangible assets at rates calculated to write off the cost of each asset on a slraight-line basis over its expected usefLtI life. Amortisalion is provided on the following basis- Computer software - fully amortised Tangible fixed assets Depreciation is provided at the followng annual rates in order lo write off each asset over ils eslimaled useful Plant and machinery Fixtures and fillings Computer equlpment 25 % on reducing balance 25'/è on cost 33 /0 on reducing balance Tangible fixed assets costing £1,000 or more are capilalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. Afler recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All Gosls incurred lo bring a tangible fixed asset into its inlended working condition should be included in the measurement of cost. Al each reporting date the charity assesses whether there is an indication of impairment. If such Indicalion exists, the reGoverable amount of the asset is determined lo be higher of Ils fair value less costs lo sell and its value in use. An impalTment loss is recognised where (he carrying amount exceeds the recoverable amount. The assets. residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the statement of financi81 acllvilies. Taxation The Gharily is exempl from Gorporalion lax on Its Gharilable aclivitieg. Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Tnjslees in furtherance of lh8 general objectives of the Charity and which have not been designated for other purposes. Page 20 ¢ontinued...
South Derb shlre CVS Notes to the Flnancial Statements - contlnued for the Year Ended 31 March 2024 ACCOUNTING POLICIES - ¢ontlnued Fund accountlng Designated funds comprise unrestricted funds that can be used In accordance with the charitabl8 objectives at the discretion of the Iruslees. Reslri¢led funds can only be used for particular restricted purposes within the objects of the charity. The costs of raising and admlnlsterlng such funds are charged agalnst the specific fund. Further explanation of the nature and purpose of each fund is included in the notes lo the finanGial stalemenls. Pensions The charitable company operates 8 defined contribution pension scheme. Contributions payable lo the charitable company's pension scheme are charged to the Statement of Financial Acllvilies in the period lo which they relate. The charSty operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year. Debtors Trade and other debtors are recognised al the settlement amount after any Irade discount offered. Prepayments are valued at the amount prepaid nel of any trade discounts due. Cash at bank and In hand Cash at bank and in hand includes cash and short-tarm highly liquid investments wlh a short malurily of three months or less from the date of acquisition or opening of the deposit or similar account. Operating lèases Rentals paid under operating leases are Gharged to the slalement of finanGial activities on a slraighl line basis over the lease term. Llabllltles Liabilities are recognised when there is an obligation at Ihe balance sheet dale as a result of a past event. il is probable that a transfer of economic benefit wll be required in selllemenl, and the amount of the selllemenl Can be estimated reliably. Liabilities are recognised at th8 amount that the charity anticipates il will pay to settle the debt or the amount il has received as adVand payments for the goods or services it musl provide. Provisions are measured al the best estimate of the amounts requlred to sellle the obligation. Where the effect of the lime value of money is material, the provision is based on the present value of those amounts, discounted al the pre-tax discount rale that reflects the risks specific lo the liability. The unwinding of the disGount is recognised in the slalèmenl of financial activities as a finan cost. Flnancial instruments The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and Ilabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. Flnancial assets that are measured at cost and amortised cost are assessed at Ihe end of each reporting period for objective evidence of impairment. If objective evSdence of impairment is found, an Impairment loss is recognSsed in the Statement of Comprehensive Income. For financial assets measured al cost less impaiment, the impaiimenl loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that Ihe Company would receive for the asget if il ware lo be sold at the balance sheet dale. Page 21 continued...
South Derb hire CVS Notes to the Financial Statements - continued for the Year Ended 31 March 2024 CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY Estimates and judgments are continually evaluated and are based on historical experience and other factors, Including expectations of future events that are believed lo be reasonable under the clrcumstances. Critical accounting eslimales and 8ssumplions'. The charity makes estimates and assumplions concerning the future. The resulting accounting estimates and assumptions will, by definition, Seldom equal the related actual results. The estimates and assumptions Ihat have a significant risk of Gausing a material adluslment lo the carrying amounls of assets and liabilities within the next financi81 year are discussed below. Critical areas of ludgmenl.. Depreciallon- Tangible fixed assets are depreciated over their useful livès laklng into account resldual values where appropriate. The actual lives of the assets and residu81 values are assessed 8nnually and vary depending on a number of factors. In re-assessing the asset lives. f8clor8 such as product life cycles and maintenan¢e programmes are taken into account. Residual values consider such things as future market conditions, the remaining life of the asset and projected disposal values, plans lo dispose of an asset before the prèviously expected date, changes in funding which impact on the future viability of schemes resulting in assets no longer required. DONATIONS AND LEGACIES 2024 2023 Donations 58,755 101,445 In the year, £41,482 of donations {£2023- £55,726) was reslricled income. The remaining £17,273 (2023.. £45,719) was unrestricted income. OTHER TRADING ACTIVITIES 2024 2023 Fundraising events 1,235 2,853 Amounts in 2024 and 2023 were wholly attributable lo unreslricled funds. INVESTMENT INCOME 2024 2023 Bank interest 6,305 Amounts in 2024 and 2023 were wholly attributable lo unreslricled fvnds. INCOME FROM CHARITABLE ACTIVITIES 2024 2023 AGtlvlty Voluntary se¢lor support & services Voluntary Sector Support & Services 1,166,714 1,004,485 In the year, £1,155,119 of Income from charitable activities 12023: £988,966) was restricted income. The remaining £11.595 (2023- £15.5191 was unrestricted income. Page 22 onlinued...
South Derb shlre CVS Notes to the Flnanclal Statements contlnued for the Year Ended 31 March 2024 RAISING FUNDS Other trading actlvltles 2024 2023 Evenl costs 3,348 5,073 Amounts in 2024 and 2023 were wholly attributable lo unreslricled funds. CHARITABLE ACTIVITIES COSTS Support costs (see nole 111 Diroct Costs Totals Voluntary Sector Support & Services 1,249,778 11,720 1,261,498 In the year, £1,236,213 of expenditure from charitable aclivilies {2023'. £1,038,653) was restricted. The remaining £25,285 {2023'. £163,717) was unrestricted. 10. GRANTS PAYABLE 2024 2023 Voluntary Sector Support & Services 14,298 11. SUPPORT COSTS Governance costs Voluntary Sector Support & SeNices 11.720 12. NET INCOMEIIEXPENDITUREI Nel in¢omel(expendilure) Is staled after ¢hargingllcrediting)- 2024 2023 Auditors. remuneration Depreciation - owned assets Surplus on disposal of fixed assets 11,720 6,062 8,500 12,559 {234,168) 13. TRUSTEES. REMUNERATION AND BENEFITS There were no Iruslees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees. expenses There were no Iruslees, expenses Paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. Page 23 continued...
South Derb hTre CVS Notes to the Flnancial Statements - ¢ontinued for the Year Ended 31 March 2024 14. STAFF COSTS 2024 2023 Wages and salaries Social securily costs Olher pension costs 927,887 70,019 88,814 711,370 55.611 68,339 1,086,720 835,320 The averagè monlhly numb8rofemployees during the year was as follows.. 2024 2023 Chief Executive Charitable Activities Administration and Support 34 26 38 30 No employee received remuneralion amounting lo more than £60,000 in either year. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds 15. Restricted funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 45,719 55,726 101,445 Charitable actlvitiés Voluntary Se¢lor Support & Setvices 15,519 988,966 1.004,485 Other Iradlng activities Investment income Other income 2.853 2,853 234,168 234,168 Total 298,263 1,044,692 1,342,955 EXPENDITURE ON Raising funds 5,073 5,073 Charitable activlties Voluntary Sector Support & Setvices 163,717 1,038,653 1,202,370 Total 168,790 1,038,653 1,207,443 NET INCOME Transfers between funds 129,473 {40,968) 6,039 40.968 135,512 Net rnovement Sn funds 88,505 47,007 135,512 RECONCILIATION OF FUNDS Total funds broughl loard 419,029 70,303 489,332 TOTAL FUNDS CARRIED FORWARD 507,534 117,310 624,844 Page 24 continued...
South Derb hlre CVS Notes to the Flnanclal Statements - continued for the Year Ended 31 March 2024 16. TRUSTEES REMUNERATION AND EXPENSES During the year, no Trustees received any remuneration or olher benefits {2023 - £NILI. During the year ended 31 March 2024, no Trustee expenses have been incurred12023 - £NILI. 17. INTANGIBLE FIXED ASSETS Computer software COST Al 1 April 2023 and 31 March 2024 32,823 AMORTISATION Al 1 April 2023 and 31 March 2024 32,823 NET BOOK VALUE At 31 March 2024 At 31 March 2023 18. TANGIBLE FIXED ASSETS Flxtures and fittings Plant and machinery Computer equipment Totals COST At 1 April 2023 Additions 4,277 95 5,289 36,644 46,210 95 Al 31 March 2024 4,372 5,289 36,644 46,305 DEPRECIATION Al 1 April 2023 Charge for year 1,238 785 2,728 1,322 24,658 3,955 28,624 6,062 At 31 March 2024 2,023 4,050 28,613 34,686 NET BOOK VALUE Al 31 March 2024 2,349 1,239 8,031 11.619 Al 31 March 2023 3.039 2,561 11,986 17,586 19. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Prepayments and accrued income 18,833 5,875 64,552 11,503 24,708 76,055 Page 25 continued...
South Derb hlre CVS Notes to the Financial Statements - continued for the Year Ended 31 March 2024 20. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Social security and other taxes Other creditors Accruals and deferred income 2,697 19,174 17,778 38,673 10,598 17,923 10,704 141.287 78,322 180,512 2024 Deferred income al April 2023 131,324 Resources deferred during the year 9,065 131324 Amounts released from previous periods L Deferred income al March 2024 9.065 2023 81,733 131,324 131,324 Deferred income Is held in respect of contracts for services where those services will be delivered in the followng financial year. 21. LEASING AGREEMENTS Minimum lease payments under non-cancellable operating leases fall due as follows.. 2024 2023 Within one year Between one and five years 24,678 19,798 19,128 10,326 44,476 29,454 22. MOVEMENT IN FUNDS Net movement In funds Transfers between funds Al 31.3.24 At 1.4.23 Unrestricted funds General fund Fixed assets Property sale Reserves policy 123,301 17,586 265,413 101,234 13,837 {6,062) 19,455) 95 127,683 11,619 265,413 101,234 507,534 7,775 (9,3601 505,949 Restricted funds Derbyshire County Council Soulh Derbyshire District Council (SDDCI N81ion81 Lottery Community Fund Miscellaneous Funds SDMHA- Mental Wellbeing 71,725 18,044 136,4101 35,315 18,044 6,565 6,565 {9,3601 {407} 9,360 27,541 27,134 117,310 (39,6121 9,360 87,058 TOTAL FUNDS 624,844 131,8371 593,007 Page 26 continued...
South Derb shire CVS Notes to the Financial Statements continued for the Year Ended 31 March 2024 22. MOVEMENT IN FUNDS- continued Net movement in funds, included in the above are as follows- Incomlng resources Resources expènded Movement In funds Unrestri¢ted funds General fund Fixed assets 36,408 {22,571) {6.0621 13,837 (6,062) 36,408 {28.633) 7,775 RestriGted funds Derbyshire County Council Derbyshire ICB South Derbyshire District Council ISDDCI Erewash Borough Council N2tion81 Lollery Communlty Fund Foundation Derbyshire Miscellaneous Funds SDMHA- Mental WellbeSng Other income DCC Public Health 559,581 228,690 241,778 16,499 24,256 16.039 35,534 5.948 12,276 56,000 {595,991) {228,690) {241,778) {16,499) {17,691) {16,039) {44,894) {6,355) {12,2761 (56,000) 136,410) 6,565 (9,360) (407) 1,196,601 {1,236,213) (39,612) TOTAL FUNDS 1,233,009 {1.264.8461 (31,837) Comparatives for movement In funds Net movement in funds Transfers bÈtween funds At 31.3.23 At 1.4.22 Unrèstrlcted funds General fund Fixed assets Property sale Reserves policy 168,310 118,719 122,549) (12,5591 164,581 122,4601 188,5741 100,832 130,7661 123,301 17,586 265,413 101,234 132,000 419,029 129,473 (40.9681 507,534 Restricted funds Derbyshire County Council South Derbyshire District Council ISDDC) National Lottery Community Fund Handy Person capital budget Capital grant fund SDMHA- Mental Wellb8ing 34,201 {7,3761 16,289 20,189 7,000 {3,4441 16,740 {16.2891 {11,5091 {7.0001 27,541 40,968 8,680 71,725 18,044 18,6801 27,541 70,303 6,039 40,968 117,310 TOTAL FUNDS 489,332 135,512 624,844 Page 27 continued...
South Derb hire CVS Notes to the Financial Statements - contlnued for the Year Ended 31 March 2024 22. MOVEMENT IN FUNDS- contlnued Comparative net movement in funds, included in the above are as follows.. Incomlng resources Resources èxpended Movement In funds Unrestricted funds General fund Fixed assets Property sale 64,095 (86,644) 112,559} 169,5871 122,5491 112,5591 164,581 234.168 298.263 {168,7901 129,473 Restrleted funds Derbyshlre County Council Derbyshire ICB South Derbyshire Dislricl Council {SDDCI Erewash Borough Council National Lollery Community Fund Foundation Derbyshire Handy Person capital budget Capital grant fund SDMHA- Mental Wellbeing 697,716 60,535 208.312 16,000 4,167 6,000 7,000 1701.160} 160,5351 1191,5721 {16,000) (20,456) 16,000) 118,5091 17,0001 {17,4211 13.4441 16,740 116,2891 {11,5091 (7,0001 27,541 44,962 1,044.692 (1,038,653) 6,039 TOTAL FUNDS 1,342,955 {1,207,4431 135,512 A current year 12 monlhs and prior year 12 months combined position is as follows.. Net movement In funds Transfers between funds At 31.3.24 At 1.4.22 Unrestrlcted funds General fund Fixed assets Property sale Reserves policy 168,310 118,719 18,712) {18,6211 164,581 (31,915) 188,4791 100,832 {30,7661 127,683 11,619 265,413 101,234 132,000 419.029 137,248 Restrlcted funds D8rby8hire County Council Soulh Derbyshire District Council (SDDCI National Lottery Community Fund Miscellaneous Funds Handy Person capital budget Capital granl fund SDMHA - Mental Wellbeing (50,328) 505,949 34,201 17,3761 16,289 {39,8541 16,740 {9,7241 (9,360) 111,509) 17.000) 27,134 40,968 8,680 35,315 18,044 6,565 9,360 (8,680) 20,189 7,000 27,134 70,303 (33.5731 50,328 87,058 TOTAL FUNDS 489,332 103,675 593,007 Page 28 continued...
South Derb shlre CVS Notes to the Flnancial Statements contlnued for the Year Ended 31 March 2024 22. MOVEMENT IN FUNDS- contlnued A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows- Incomlng resources Resources expended Movement in funds Unrestricted funds General fund Fixed assets Property sale 100.503 (109,2151 (18,6211 (69,587) (8,7121 (18,6211 164,581 234,168 334,671 1197,4231 137,248 Restricted funds Derbyshire County Council Derbyshire ICB South Derbyshire District Council ISDDCI Erewash Borough Council National Lollery Community Fund Foundation DerbyshSre Miscellaneous Funds Handy Person capital budget Capital grant fund SDMHA- Mental Wellbeing Other income DCC Public Health 1,257,297 289,225 450,090 32,499 28,423 22,039 35.534 7,000 {1,297,1511 (289,225) (433,350) 132,499) (38,147) 122.0391 144,8941 118,5091 {7,0001 {23,7761 {12,276) (56,000) (39,8541 16,740 19,724) {9,360) {11,5091 {7,0001 27,134 50,910 12,276 56,000 2,241,293 12,274,866) 133,573) TOTAL FUNDS 2,575,964 {2,472,2891 103,675 Statement of funds Designated funds Designated funds are comprised of amounts sel aside under the reseNes policy detailed in the Trustees, Report, amounts lied up in fixed assets and the proceeds from the prior year property sale ringfenced by the Trustees. Restrlcted funds Derbyshire County Council funding supports the provision of the Home from Hospital service, Befriending SeiceS, A¢live Travel, the running of the Food Bank, Covid Connectors and general infrastructure prolects. Derby & Derbyshire CCG funding supports the provision of infraslruclure, signposting and includes funds for grant adminislr81ion. South Derbyshire District Council funding includes core funding and funds for infrastructure, Safer Homes, Shopmobilily and the Handyperson service. DCC Public Health funding received supports Food Hub. ALICE, and includes funds for grant adminislralion. N81ional Lottery Community Fund supports Hubco and the Ihree year Island Project. Found81ion Derbyshlre support projects on Social Impact and Protected Characlerislics. Miscellaneous funds represent Erewash Borough Council Safer Homes, NHS Swadlincote PCN - Soclal Prescribing and smaller funds suGh as food bank donations. The Handyperson capital budget represents funding for materials used in delivering Handyperson setvice funded by South Derbyshire District Council. Other income represents smaller funds such as Connex and NHS Shenmood Forest Hospitals. SDMHA - Menlal Wellbeing represents the funds donated by South Derbyshire Mental Health Association on winding up of the charity. Page 29 continued...
South Dèrb shlrè CVS Notes to the Financial Statements - contlnued for the Year Ended 31 March 2024 23. EMPLOYEE BENEFIT OBLIGATIONS The Charity operates a defined contribution pension scheme. The assets of the scheme are held separately in an independently admlnislered fund. The penslon cost charge represents contributions payable by the Charity to the fund and amounted to £88,814 in Ihe year12023 - £68,339). 24. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2024. Page 30
South Derb shire CVS Detailed Statement of Financlal Actlvltles for the Year Ended 31 March 2024 2024 2023 INCOME AND ENDOWMENTS Donatlons and legacies Donations 58,755 101,445 Other tradlng actlv5tles Fundraising events 1,235 2,853 Investment income Bank interest 6.305 Charltable actlvltles Voluntary sector support & seNices 1.166,714 1,004,485 other Income Gain on sale of langible fixed assets 234,168 Total incoming resources 1,233,009 1,342,955 EXPENDITURE other trading actlvltles Event costs 3.348 5,073 Charitable activities Wages Social security Pensions Rent and premises Insurance Telephone & inlernel Postage and stationery Sundries Project delivery Travel & expenses IT expenses Slaff Iralning Professional fees Bank charges Cleaning Heal & light Volunteer expenses Maintenance & repairs Bad debts Freehold property Grants lo indlviduals 927,887 70,019 88,814 26,427 7,173 7,058 6,424 711.370 55,611 68.339 21,750 5,546 5,454 3,171 1,947 219,491 5.517 20,743 8,454 28,113 765 2,184 4,726 1.638 1,025 11,013 39,007 9,993 35,546 831 1,493 7,400 2,389 2,574 779 6,062 12,559 14,298 1,249,778 1,192,701 Support costs Governance costs Auditors, remuneration Sundrie8 11,720 8,500 1.169 11,720 9,669 Total resources expended 1,264,846 1,207,443 Net {èxpendlturé)lincome 131,837) 135,512 This page does not form part of the stalulory financial statements Page 31