DENE VALLEY COMMUNITY PARTNERSHIP {A charllabl• ¢ompany Ilmltod by guarants8) REPORT OF THE TRUSTEES ANO UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 R•gl•tor•d Charlty Numb•r 1102088 Rogl•torod Company NuMr 04969943 (England and Wale81
DENE VALLEY COMMUNITh PARTNERSHIP INDEX Pago Roport of tho Trustw• Ind•p•ndont Ex•mln•rf• R•port St•t•m•nt ol Fln•n¢lal Actlvftl Balan 8ho•t Nots• to tho Fln•ncl•l Statsmonts 9-14
Governance and Management Structure The organisation, known as Dene Valley Community Partnership Ltd is a charitable company limrted by guarantee, incorporated on 19th November 2003 and registered as a charity on 13th February 2004. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up, members are required to contribute an amount not exceeding £1. The Memorandum and Articles of Association together with our current financial position, as set out in our latest accounts, and our key objectives and future plans become Key Management control documents. Our Communlty Soclal. Phy8lcal and Mental Hoalth Environmont The social and welfare issues in the Dene Valley Area continue to reflect low levels of personal aspiration, poor physical and mental health wellbeing. The regeneration of local housing stock is being managed by DCC. However, the aa has as large proportion of private landlords and empty properties which continues to be an issue of concem. The relocation into the area of people with addiction issues remains an ongoing issue. The concept of 'Not being a good place to live" persists with people living outside of the local area. The Dene Valley Area is continuing to attract people who are tsking advantage of a beautiful rural environment, and low propety values with good access to other parts of the county and country. These people are buying and developing their property and what is equally important, becoming involved and stakeholders in the community and DVCP. There is a noticeable influx of new migrant people coming into the area which can only add strength and diversity to the community. Charlty Alm8 and ObJectlve8 Our aims and objectives include, working in partnership with other professional and volunteer organisations to provide active and measurable support and signposting for people with mental and physical health and wellbeing issues improve their quality of life. We aim to reduce deprivation, social loneliness and digital isolation. To raise the aspirations of people by providing 8UPPOrt, training, mentoring, and volunteering oppOrtUnleS and permanent employment. We are pledged to help vulnerable p80ple with disabilities, mental and physical health issues improve their esteem and quality of life. Other aims include improving the environment by being a Councilor on Dene Valley Parish Council, who working with the local police members on countering anti-social behaviour and the removal of rubbish left in back yards and by fly- tipplng. We will continue to offer a wide range of activities and interests which can be targeted at individuals to capture their imagination, raise individual aspiration, improve their mental and physical health and their quality of Ilfe. These aims and objectives are In place to comply with our Charitable Objectives. The object of the charitsble company is the promotion ft)r the public benefit of rural regeneration in all areas of social and economic deprivation and in particular the Dene Valley area by all or any of the following means: 1. The rellef of poverty and social isolation. 2. The relief of unemployment 3. By one to one and group activities strive improve the Mentsl and Physical health of individuals 4, The advancement of educatlon, training or retraining particularly among most vulnerable adults. 5. The provision of recreational facilities and activities for the public at large or those who by reason of their youth, age, infirmity, disablement, poverty or social and economic circumstsnces have a need of such services 6. The protection andlor conservation of the environment 7. The promotion of public securty, safety and crime prevenkn'on Tho Organlsatlonal Structure The Board of Dene Valley Community Partnership consists of ten Trustees, all with a wide range of skills levant to the needs of the organisation. By using demographic data and statistics provided by Local and National Government and more importantly the reported day to day 'Life Experiences" of local people the Trustees plan the policies and strategic objectives for the organisation. In addition, the Board monitors our perfomance and achievement levels relative to our key objectives. The Administration is designed as an umbrella function to serie both Dene Valley Community Partnership and the sister company Dene Valley Communty Transport. The Operations Manager reports directly to the Chair of Trustees and is responsible for the procedural and direct management issues.
Appointment of Charlty Trustses and the Management Committee The Trustees of Dene Valley Community Partnership are also Charity Trustees for the purpose of charity law and under the Company's Articles are known as members of the Management Committee and are electedlre-elected yearly at our Annual General Meeting. Trustee & Staff Inductlon and Ongolng Tralnlng The Trustees and staff are fully aware of the organisation's charitable objectives and aware of the management procedures and controls in pla to measure and monitor the achievement of attaining the charitable and business objectives. All Trustees are issued with a copy of the organizations Memorandum. New trustees and stsff attend training and induction sessions during which they are provided with a copy of the govemance documents and the Charitable Objectives. The new Trustees also receive a booklet issued by the Charities Commission which describes their key 'Roles and Responsibilities. as a Trustee. We ensure during the induction new Trustees understand the document and their responsibilities as a Trustee. The Chair of Trustees remains more involved with the Parish and Shildon councils to expand knowledge of local issues and is also a member of several applicable committees of organisations with interests compatible to our own aims and objectives. Training in that sense has been ongoing during the past years. The Trustees also attend conferences and committees to further expand their knowledge on social issues. Dev•lopm8nt8, Ongolng Improvements. Achlevements and Performance The 2023-24 performan indicates the control of costs and actions to improve unrestricted income are succeeding. The Cree project remains an essential element to assist th8 vulnerable members who suffer from a range of mentsl and physical wellbeing issues coupled with social isolation. The Trustees and management continued to plan for th8 Sustainability and ongoing improvement of and assessment of th8 Post covid needs of the wider community with Durham Health Care through the Cree organisation. To maximise resources we have set up a café vRrm welcoming space and a not for profit shop for the benefit of the local community who seek Company, a wami meal in a warm welcoming environment. The Not-for-profit recycling shop is assisting peopla to obtain items to furnish and brighten their homes at an affordable price. We continue to remaln actively involved with the Department of Health, County Durham Health Trust and other Mental and Physical Health & Wellbeing support organisations. We remain actively involved in the local Area Action Partnership and with the local councilors for the benefit of our Community. The DVCP Women's and Men's Cree clubs provide essential support to the most vulnerable deprived and socially isolated and at-risk membars of the community. References are available to support this. Dene Valley Community Partnership 'Cree Clubs" and "Drop In" services remain and continue to achieve DVCP objectives by assisting and supporting vulnerable persons who are at risk of suicide, social isolation and deprivation. No person is ever turned away. The men and women involved with the Crees have measurably improved personal confidence, raised aspirations which has allowed them to move on to volunteering and in some instances achieve permanent employment. We will continue to assist members and the public in completing PIP and Universal Credit applications by working with County Durham Welfare Rights to actively assist people receive their rightful welfare payments. We are continuing to assist ex- servicemen by signposting and support. We continue to assist members of the community by provide signposting on social issues, access to on- line advice including welfare benefits and employment information. AICD provides access to an Advice Web Page. In addition, we provide secretarial seplices, document interpretation, photocopying and document scanning. It remains the practice of Trustees to attend meetings and functions which provide a means of networking and promoting the work, image and potential of Dene Valley Community Partnership. Buslnes8 Risk Management The Management and Trustees continue to review, monitor and update the °Business Risks" register to plan to mitigate the identified risks to DVCP is exposed. The Risks of business sustainability associated with the sUcSsion of staff and management will be addressed and positive actions taken by the Board of Trustees during 202*25 to redu the identified risks. The control and prudence towards operational costs remains a key objective as we target a sustainable self-financing organisation. The Management will continue to make funding applications during the 2024-25 period. The financial controls in place are well established, effective and applied rigorously. The Cash flow continues to be monitored and updated daity to provide current financial management information.
Ongolng Compliance wlth Legislation Procedures and policies are in pLgce and continually reviewed to ensure Complian with the Health and Safety at Work Act 1974. Social Care Act 2021 and the latest OHSW, Safeguarding, Equal Opportuntties and Diversity and Modems Slavery regulations and requirements both for the safety, protection of mental and physical wellbeing of the staff, volunteers and visitors to DVCP. These prOdureS and policies continue to be regularly reviewed to ensure ongoing compliance. Financial Revlew and princlpal fundlng sources We will conts'nue to react positively to meet the challenges of the current uncertain financial climate. It is our intention to conkn'nually review our business plan and resources to ensure we can react to market changes to remain relevant. We continue to provide our sepiices with limited resources and the organisation continues to approach the principal funders with confidence for grant funding to cover individual projects, running costs and salaries. Reserves poIIcy The Board of Trustees has agreed tight budget controls which have resulted in a small surplus and an increase in reserves. Unrestricted reserves are applied for building maintenance vrfork, equipment replacement andlor unforeseen expenditure. Unrestricted funds are used to cover core and unexpected costs. Plan8 for the luture We proactively engage in actions to attract new Trustees of the right calibre needed for sustainability and to take DVCP foard. We actively encourage and assist the continued personal development of staff and volunteers. The organisation continues to project an image of professionalism, imagination, caring and support for the wider local ¢ommunrty. Our financial policy remains to maintain the operation within a tight budgetary regime. We have made steps in creating closer contact with members of the community of all ages to further identify improvements based upon the Needs of the community. New projects will be developed to improve the lives and wellbeing of local people of all ages. We shall continue to strengthen our contacts with other local stakeholders, communlty partnerships, organisations and services so that we can be effective and efficient in delivering our services. As part of our management strategy, we shall continue to monitor and measure the effectiveness, success andlor failures of our actions and take appropriate corrective action. We will continue to review and revise our business plan as appropriate to our operating economic and financial environment. DVCP shall continue offering a Drop-in Service to support the vulnerable members of the community. We will ensure we match their 'Needs' where possible and be a Portal for the community to contact the local services and police authorities. Through the Men's and Woman's Cree's we will continue to provide support to those most vulnerable members of the Community most in need. Renewed efforts will be focused on assisting members of the Cree's to integrate into society, regain personal confidence and raise their aspiratlons allowing them to move on to volunteering and permanent employment if that is their wish. Volunteer8 The organisation is indebted to the continuing hard work and efforts of our new and existing volunteers. Our Volunteers freely provide their time to perform key operational duties and generate funding for Dene Valley Community Partnership. Without their contribution the improved financial and overall operational performance would have been difficult to achieve. The estimated value of the volunteer and trustee time is £49.500 for th8 year. Accountant The Chair again wishes to thank the Accountant, lan Groves, for the quallty and presentstion of the accounts and the time taken to ensure the Trustees fully understand the contents. The Chair confirms the financial accounts accurately reflects the position of the organisation. Peopl The staff and volunteers were motivated and encouraged to train to develop and increase their skills. The Trustees thank the Staff and Volunteers for their loyalty and continuing efforts during the year, in particular the repeated contribution to the organisation made by our Operations Manager and the Admin Assistant.
Responslbllltles of the Board of Trustees Company Law requires the Board of Trustees to prepare financial statements for each financial year which give a true and fair reflection of the financial status of the charitable company as shown in the balan sheet and its incoming resources and applicats'on of resources, including income and expenditure, for the financial year. In preparing those financial statements, the Board of Trustees shall follow best practice and: Select suitsble accounting policies and then apply them consistently. - Make judgments and estimates that are reasonable and prudent., and Prepare the financial statements on the going concern basis unle88 It is inappropriate to assume that The Company will continue on that basis. The Board of Trustees is responsible for having maintained proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Board of Trustees is also responsible for safeguarding the assets of the charitable company and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. M•mb8r8 of tho Board of Trust808 This report has been prepared in accordance wrth the Statement of Recommending Practice: Accounting and Reporting by Charities (issued in March 2005) and in accordance with the special provisions of the Companies Act 2008 relating to small entities. th Approved by the Board of Trustees on 24 December 2024 and signed on its behalf by., - Anthony H. Blrd Chair of the Board of Trustees
Ind•pendent Examhe$ Roporttoth•Trnstees of Denevalley Cwmunlty Partètshlp I report on the ac¢wnts for the year ended 3t8t March 2024 8etout on 7 to 14 Rospon¥lbfllUo8 And Basil of Rwrt A8 the Iru5tees ofthe ctsmpary land 80 Its dlrectOTS forlhe purpc6e8 ol company law) you are responble forth& pr•p8rnlon of the flnaneAal ststements kn accord8nce vAth the requirements ofthe Compani&s Act 2006 nhe 2006 Acn. Havirkg 8atitsfiad mwlfthal the accounts ofthe cornpany aio nol r8quwad to be aLrted under Part 16 of the 2006 Act and aT8 eligible for kndependenl examination. I report In re8pe¢È of my examina1) ofthe accounts as ¢8¥rfèd out under 8ectton 145 of the Chartbes Act 2011 {Ihe 2011 Act). In ¢anfvg out my examinalion I heve loTrowed the Dlrecllons by th• Charty CommI5n under sec11on 14515llb) of the 2011 A Indop•nd•nt Examln•rf• 8tat•ffl I have ¢omrlet•d my wmlnallorb. I conllrm Ilmt no Matt hav• eomo to my attenllon In connèdon vlth the axamhMYon m• ¢aU68 to beli8v8'. a¢cothryj r•cord8 w•r• not kopt kn re4ped otthts Chartty requlred by 8ectton 386 of the 2008 Act; or {21 flnan¢lal 8tatement¥ do not a¢¢ord wlth thoge r8cordB; or tho tht•m•nts do t ¢ompty wllh th• i¢¢ounOng r•(wlr•m•nts of 8•Ction 396 01 the 2006 Act olhrthan 8ny requlr•menl that the eccounts a and fav vthkh * not a matter ¢on8ldwod a8 part of An independent examknthkn: or the fln•ndo18tatem•rts hav• not been pr¥p8r8d In accordan¢o wlth th• m•thods and prfn*)1oB of the Ststem•nl of Recommended Praclc• for eccounllng and reporong by eharldes •ppICab to charftie8 proparlng thor •¢eounts ac¢wdn¢o with the Fthanc6al R•portlng Stsndard opplcable In the UK and R¢publl¢ of IT¢nd (FRS I Q21. I hfjvo no con¢tmF and hav• come ecroB8no other m•tt•r• kn ¢onneclJon th• •xamlnalon to I1¢h attgnllon 81Uld be drawn In IN• report In order to 8blO e proper under•tsndlng of thè ac¢ount• lo b• r•&ch8d. tan Grov 167 Humm•r¥knott Av•Yw• Darlington DL3 8RL 301h January 2025
DENE VALLEY COMMUNITY PARTNERSHIP STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024 Unr8Strf¢ted Funds 2024 Restricted Funds 2024 Totsl Funds 2024 Total Funds 2023 INCOMING RE8OURCES Nota Incomlng R•sourc•8 From Gonorotod Funth Voluntary Income Activill88 for ganoratlng fund8 Incon from inv¢$tment8 3,625 7,246 3,625 7,246 1,799 9,824 2b. 2c. In¢omlng r•*our¢ trom Charltabh Actlvltl•• Grant8 RoGolv•d Other Income Irom Charttabb Activlti 2d. 8,630 26,CQO 32,830 10,(N)3 TOTAL INCOMING RE80URCES 17,501 26,000 43,501 21,626 RE80URCES EXPENDED ChadlabL9 aCtlvltlg8 14,183 20,000 34,183 33,396 Co•t8 of 9efioratlng fvnd8: 3b. Gov•rnane8 costs 150 150 500 TOTAL RESOURCE8 EXPENDED 14,333 20,000 34,333 33,896 NET IOUTGOINGI I INCOMING RESOURCES BEFORE TRANSFER8 3,188 8,000 9,188 112,2701 Gro88 tron$f•rn fund$ NEf MOVEMENT IN FUND8 3,168 6,000 9,168 <12,270} BALANCE BROUGHT FORWARD- A8 previously stated 213,830 213.830 226,100 BALANCE CARRIED FORWARD. 216,998 6.000 222,998 213,830 The notes on pagos 9 to 14 fomi part of these flnanclal statements
DENE VALLEY COMMUNifY PARTNERSHIP 8ALANCE SHEET AS AT 31ST MARCH 2024 2024 2023 Noto TANGIBLE FIXED ASSETS 197,786 197,786 CURRENT ASSETS Debtors 58,066 47.226 Cash At Bank and In Hand 29.778 20,344 87,844 67,570 LIABILITIE8 Credltor8- amounts falllng duo wlthln one year 88,612 51,506 TOTAL NeT ASSEf8 218,998 213,830 THE FUNOS OF THE CHARITY Unro$trfcted- gemral 10 119,8381 116,8701 - d•8lgnatsd 10 {197,1801 1197,1801 R•8trf¢tsd 10 TOTAL FUNDS 1216.998) {213.830) 2zz4K For the yoar Qnded 31st March 2024 the company was entitled lo Qxemption from audlt under 8OCtlon 477 of tho Companies Act 2008 relating to Small companla8 The members have not requlred Ihe Mmpany to obtaln an audlt of Its aeeounts lor the year In questlon In aCcoanCe w6th 8ectlon 476. The dlrectors acknowledge their r66pon$lblliti88 for complylng wtth the requlremonts of the ALI wlth respect to accountlng rocords and the preparallon of aco)unts. Th888 accounts have boen prepared In 8rdance wlth the provlslons appllcebla to companies Subject to the Small companie8, regime. Tho flnan¢lal statem•nts w•rg approvod by tho Board on 30th January 2025 and 8lgnod on Its half by: Anthony Hopklrnon Blrd Dlrector l Th9 The notes on pages 9 10 14 fomi part of the88 financlal Statements
DENE VALLEY COMMUNITY PARTNERSHIP NOTES TO THE FINANCIAL STATÉME14TS FOR THE YEAR ENDED 31ST MARCH 2024 Accountlng Pollcles Ba818 of Accountlng Tho flnandal statements are prepared undor th8 historical cost ¢onvenllon and in a¢cordance with the Financial Reportlng Standard for Smaller Entltles., AOnting and Reporting for Charftlo8: Statsment of Recommanded Pradce "Accountlng and Rèportlng by Charitl88" {SORP 2005) 2nd adMon168ued in May 2008. Incomlng Re•ourco• l incoming resources are included in the Statsment of Financlal Actfvitlos wh&n Ihe charfty ts lagalty entitled to the Income and tho amount Can be quanlifiad with r8a8onabl6 accuraoy. Any general purpose grants whose use 1$ restricted by Ihè grantor lo some fulure accounllng period are accountsd for as deferred Income untll the re8trfctlon ha6 been 8alisfiod. Donatlon8 are allo¢atsd to tho relevant funds on donorn In81ructlon$ ond recorded In tho accounts on an accru818 ba$l8. Ro•our¢g1 Exp•nd•d Expendbture Is accounted for on an acwa18 ba818 and ha8 béèn Cla18d undor headings that aggregate all costs related to the catsgory. Where costs cannot ts dlreetty attrlbutsd lo a partIcur heading they have been allo¢atsd to activlll88 ¢on8i8tent wlth the Use of the resources. Support ¢08ts are shown a8 a Fércantage of lotsl charttable èxpendtluro calculated using staff lima. Support costs whleh cannot be $8paratsty Id•ntNied aro dlreclly attrfbutad. Governanco costs Include the co8ts of providlng the govemanc8 Infra•tructure to th• ch8fSty. Fund Accountlng Unrnslrlctsd funds are lund$ whleh can bo U88d In accnrdance vthth the chorttable oblts at the dlscrelion ollhe tXU81ee8. R98trlct8d funds may onty be expended for particular purpo888 wlthln tho oblocts of the charty. Ro8tridons ar18e when 8p8clfied by the donor or when funds are ralsed for a partlcular purp088. Further oxplanallon of the nature and purpose of each lund 1$ induded In note 10 to the flnandal statsment8. Tanglblo Flxed A880ts Tangible Fixod 8880ts arn eapltall8ed at h1011¢ co8t Includlng In¢ldent81 c08ts of acqu181tlon. Dopre¢batlon 18 calculated 80 al to wrlte off Iho ¢08t of tho tan9lble ffxod 081gt by equal annual Instalmonts over thelr e811mat8d U8eful Ilfo a8 follows:. Freehold Proporty Fumiture & Flttlng8 Offlce & Other Equipment Computer Equipment not depréciated: awaltlng valuatlon 5 yéars 5 years 5 year8 Cash Flow Statomont Th• company ha8 taken advanteg8 of tho exemptlon contsinod wlthin Finan¢lal Reportlng Stsndard numbgr 3 in not presenting a cash flow statement. Taxallon The charlty Is wmpt from corporation tax on Its charltablo actlvitl88.
DENE VALLEY COMMUNITY PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS Icontlnuod) FOR THE YEAR ENDED 31ST MARCH 2024 INCOMING RESOURCES Nots 2024 2023 Voluntary Incomo Donatlon6 3,625 1,799 2b. Actlvltlos for gonoratlng funds R8ntal and Room Hlre 'On8 Slop Shop" 88rvlc88 M18cellaneou8 Incomo 9,170 1.786 7.248 9,824 Incom• from Invo•tmont• 8ank Intere81 rvcglvab Incomlng r••OurC from ¢h•rhable actlvlti Grants: r88tr1¢ted funds Grants.. unre8trf¢ted fund8 10 28,000 6.630 10,003 32,630 10,003 Total In¢omlng Ro•ourco• 43,501 21,828 10
DENE VALLEY COMMUNITY PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS (¢ontlnwd) FOR THE YEAR ENDED 31ST MARCH 2024 RESOURCES EXPENDED Charltable actlvltl•8 Dlrect cts Support Costs Total 2024 Total 2023 Stsffing costs Premis8s ropalr8 and molntenance Heat and Lyht Renl and Rats8 Insurances Offica costs Tralnlng Prolecl Costs Voluntser Expen888 Bad Debt Provision Shop expen8•8 Doprg¢latlon of owned awts 24.784 1,200 2.608 2,153 104 227 55 26.917 1,304 2,833 891 23.893 790 5,260 1,019 270 23 1,371 501 545 1,600 75 29,977 2,606 34,183 33,398 3b. Co•ts of 9on•r•tlng fund• Dlrnct Co•t• 3upport Co•ts Totsl 2024 Tolal 2023 Sundry Expon808 GOv0m•n co•t• 2024 2023 Professlonal and other f Independent Examlnation 13501 500 5(NJ 150 500 Total Rosources Exp•ndod 34.333 33,898 NET INCOMING I (OUTGOING) RESOURCES 2024 2023 Not resourc88 are staled after charging I Icreditingl.. Depreciation of owned assets Loss on sab of owned assets Independenl Examination C08ts 500 5LN) 11
DENE VALLEY COMMUNITY PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS (contlnued) FOR THE YEAR ENDED 31ST MARCH 2024 TRUSTEES DISCLOSURE 2024 2023 Trusteos remuneration gnd benefits Trustees expenses STAFF COSTS 2024 2023 Wages and salari08 Soclal Se¢unty costs P&n8ion costs 25,746 1.171 23,893 26,917 23,893 ara98 nL¢mber of omploy4é8 duflng the year was 88 foll¢)VA.'- 2024 2023 Charlt8ble Activtti88 Admlnl8tratson and support No employ88 &amed In exc$ of £60,000 Volunteer Ilma 18 estimated to ttave a value of £47,500 {2020'. £47,5¢)0). FIXED ASSETS la) Tanglblo (all unrestrict•dl Freehold Land & Bulldlng8 Offic8 & Other Equlpmenl Total COST At 1st April 2023 241,004 44,048 285,052 Addltlons durlng year At 31$1 March 2024 241, 44.048 285,052 DEPRECIATION At 18t )ri1 2023 50,878 36,408 87,286 Charg8 for thè year At 31st March 2024 50,878 38,408 87,288 NET BOOK VALUE At 31st March 2024 190,126 7,840 197,788 At 31$t March 2023 190.128 197.786 12
DENE VALLEY COMMUNI PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS (conllnuodl FOR THE YEAR ENDED 31ST MARCH 2024 DEBTORS 2024 2023 Trade Debtors Other Dèbtors Propayments and accrued Incom& 23.625 34,441 17,785 29.441 58,066 47,226 CREDITOR8 . amount• falllng dug wlthln on• ymr 2024 2023 Trade Cr•dltors Payroll 8o¢ial Securfjty and Othor Tams Other Credltorn Accruals and Deferrgd Incomo 2.789 15,063 8.224 42,538 3.088 15.063 1.838 31.521 88,812 51,506 10. FUNDS Unrn•trlct Tho unre8tricted fund8 comprf80 thg general fund and one do8lgnoted fund. Tha movoments are 8hown b81ow'.- BaEance at 181 Aprfl 2023 Incomlng rn8ource8 & tran8f8rn Resources e>p8nded & tran8fer5 Rovaluatlon 108s ar tr8n8for8 Balance at 31st March 2024 General FLsnd Frxed AJ8et Values 118,870) (197,180) (17.S01) 14,333 {19,838} 1197,160} 1213.830) {17,501} 14.333 1218,998) 13
DENE VALLEY COMMUNITh PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS (¢ontlnuod} FOR THE YEAR ENDED 315T MARCH 2024 10. FUNDS - Conllnuod RoStrf¢t¢d Balance at 1$t April 2023 In¢oming resourc85 Resources expended Revaluation I$ and transfe Balance at 31st March 2024 Greggs Foundatlon OCC Cr80 DCC Cr80 Bl$hop Auckland & Shlldon AAP Hadrlan Tru81 County Dutham Hou81ng (20,000) {3,Cy)O) {3.000) 20.000 3,000 3,000 128,000) 28,000 0M•n In Indlvldu•l fund• ar• •hown •bov•. Tho Purpo of oach fund l* a• follow•: Gregg6 Foundation - fundlng for Salary Durham County Councll- fundlng for Cree prolegt Ourham County Councll- fvndlng for Creo project 11. ANALY818 OF NET A8SET8 BY FUND Unrestrlctgd Fund8 D&Snated FundB General Fund Restrlctsd Funds Total Fund8 2024 Total Tanglbl8 fixed a880ts Current assets Llabllltbs 197,160 197,76e 87,844 {88,812} 197,786 87,844 (88,812) 87,844 {88,812) 19,838 197,180 218,998 216,998 12. THE COMPANY The tharitable company18 a company limitod by gu8rantao and as Such does not have any share capital. The118bility of each Mernr is, in event of windlng up, limited to £1. 14