Company r¢gislration numb¢r: 05180733 Charity registrntion numbcr.. 1109429 Hucknall and District Voluntary Sector Partnership (A company Itmited by guarantee) Annual Report and Financial Stsiements for the Year Ended 30 Septeniber 2024 Community Accounling Plus Unils l & 2 North Wcst 41 Talbot Street Nollingham NGR 5GL
HuckDall and District Voluntary Sector Partnership Contents Refcrcncc and Administrative Details Truste¢s' Report 2to5 Independent ExamineVs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 91016
Hucknall and District Voluntary Sector Parthership Reference and Administrative Details Trustees Alberto Rovid& Chaimmn Trevor Clay John Wilkinson K¢vin Rostance Trevor Clay Seeretary Senlor Management Team Rebecca Wells. Centre cOrdInatOr Charity Registration Number 1109429 Company Registration Number 05180733 Reglstered Office 3a Vine Terrace Hucknall Nottingham Nottinghamshire NG15 7AR Independent Examiner John O'Brien. employ¢¢ of Community Accouniing Plus Units l & 2 North West 41 Talbot Street Nottingham NGI 5GL Page I
Hucknall and District Voluntary Sector Parthership Trnstees, Report The trustees, who arc dircctors for the purposes of company law, present the annual report together with the rmancial statements of the cbaritable company for th¢ y¢ar ended 30 September 2024. Trnstees and oificers The trustees and officers serving during th¢ year and since the year end were as follows: Trustees: Alberto Rovid4 Chairnwi Trevor Clay Brenda Shelbournc (died 30 April 2024) John Wilkinson Kevin RostaThce Secretary: Trevor Clay Structure) governance and management Nathre ofgoverning doeumenl The charity is a company limlied by guarantee and trgislered charÈty. It is operaled under the rules of its meinorandum and articles of &ssociation dated 13 July 2004. Ir has no share capital and the liability of each mcmbcr in the cvcnt of wiTJding-up is limited to £ l. Recruitment dnd appointmen¢ of trustees New trustees come to us by recommendation from the centre's Management Committee. Objectlves and activities Objects and To generally benefit the inhabitanls of Hucknall and Surrounding areas as the trustees for the time being of the charity shall think fit. including the provision of low cost accommodation and related services to charitable and voluntsry organisations for the general benefit of th¢ inhabitsnts of Hucknall and the surrounding district. Objectives. slrategies and 4ctiviiies We provide and maintain low cost accommodation to tenants and casual uscrs of the centre. Public benefil We benefit the public through providing the opportunily to access a Tange ofservices in one IatiOn close to th¢ town centre. The trustees confm that they have complied with th¢ requirements of section 17 of the Charities Act 201 I to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Page 2
HuckDall and District Voluntary Sector Partnership Trustees, Report Achievements and performance HUCKNALL & DISTRICT VOLUNTARY SECTOR PARTNERSHIP ANNUAL REPORT 2024 This year has been quite an eventful one. sadly Brenda Shelbourn¢ who was the main driving force and founder of Under One Roof passed awdy. The Managetnent Committee aLknowledges her dedication and Lontribution to the success of thc Under One Roof Project. We also lost one of our longest tenanLs Mark Spencer (MP) but thanks to the influence of one of our trustees we wcrc ablc to r¢nt the offTCCS to ihe incoming Labour MP, Michcllc Wclsh. l.T. For All have also restarted their sessions which are run by Richard Roworth. The following serviccs also continucd to be in great demand The Engage Foodbank and Furniture Project and CGL (Drug and Alcohol Recovery). The o&erdll foorfall of people attending the building ha5 continued to grow with a big increase of clients using the Foodb8nk. Th¢ Groups operating from Under One Roof include:_ Engage Foodbank & Furnilure Project CCIL l.T. For All Cotthgc Crafis 11.11.F..L.P. GTOUP United Rcsponsc Michelle Welsh MP Constituency Office We aT¢ very grat¢ful for the hclp Janet Johnson has been able to give to the c¢ntre despite h¢r health problems. she has pmvided Qover for sickness and holidays of our Centre Co-ordinator. We would a150 like to acknowledge the on-going financial support CeIVed from Ashfield District Council, Nottinghajnshire County Council and various organisations. We hope the next year will be a healthy and prosperous one. Alberto Rofvida Page 3
Hucknall and District Voluntary Sector Parthershlp Trustees, Report Finallcial revieTh' Total income in 2023-24 was £68,754, an increase of £18.356 compared with the previous year. The reason for this increase is two-fold. In respot)se to the increase in electricity prices, rents were increased by 200/0 from I January 2024 ( l April for CGL). resulting in total income from rents and rrx)m hire of £44,609, comparcd with £39,574 in 2022-23. Se¢ondly. tbe Charity was successful in securing grants and donations totalling £24.145. an increase of £13.321 over the previous year. Thesc granls w¢re'. Nottingh¢imshire County Council £7.950 Ashficld District Council £4.750 Hucknall Relief in Need Charity £5.000 Thomas Farr £5,000 These demonstrate the charity's continued reliance upon external funding 10 ren]n financially viable. Expenditure increased from £58,564 in 2022-23 to £64.701 in 2023-24, an increase of £6.137. of which, electricity and water costs increased by 51 Yo frorn £20,458 in 2022-23 to £30,879 in 2023-24. Ixpenditure on repairs and maintenance rcduced by £1,634. thus enabling the worst affects of the utility costs to be contsined. The balancc shcct on 30 Scptember 2024 shows cash at bank and in hand of £21.474 comparcd to £20,31 l in 2023 (notc l O). Credilors were at a similar level to the previous year, however debtors increased due to a debtor for the rent increase from CGL remaining unpaid at the year-end. In view of the continuing high cost of ¢lectri¢ity, at least until the end of the CUTrent three-year Lontract that Nns unlil April 2026, tbere are ongoing implications for Hucknall and District Voluntsry Sector Partnership. thai will require further grants to be secured io ensure the solvency of the Charity. The three-year fvnding agreement with Ashfield District Council has come to an end, Wher the Local Community Funding from Nollinghamshir¢ County Council runs until 2026. A fiffther Incre in rents of15 % from l January 2025 has already been agr¢¢d by the trustees. Policy on reserves We don'i have a spccific rescrves, policy. There is the ned lo conlinue to grow our cash b212n¢es lo be ablc to finance any unforeseen events. A minimum of £10.000 is held at any one lin. Page 4
Hucknall and District Voluntary Sector Partnership Trustees, Report Principal risks and uncertainti Therc is a risk that a large proportion of the building is now Occupi by only a f¢w tenants. The loss of our main tenant if they decided lo move or lose their government contracts. would be a significant risk to the financial viability of the organisation. Statement of Responsibilities Thc It¢¢S (who arc also Ihc dAtorS of Hucknall and Dislrici Voluntary Sector Partnership for ihc purposes of company law) are re4ponsible for preparing the trustees, report and the fiT)ancial $tements in accord¢ince with applicable law and Uniicd Kingdom Accounting Standards (United Kingdom Gcn¢rally Acccplcd Accounting Prdctice), including FRS 102 "The Financial Rqjorting Standard applicable in the U K and Republic of Ereland". The report and accounts have been prepared in accordance with th¢ provisions in the Companies Act 2006 relating to small Lompanies. Company law requir¢s the trustees to prepare financial statements for ¢acb financial year. Under company law the trustees must not approve the fiTJancial statemens unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming r¢sourc¢s and application of resources, including its income and cxp¢ndilur¢. of the charitsble company for that period. In preparing these financial stdtements. the trnstees aTe required lo: select suitable accounting policies and apply them consislently. obscrvc thc mcthods and principles in thc Charitics SORP. make judgements and eslimal¢s Ihal are reasonable and prudent: state whcth¢r applicable accounting standards, comprising FRS 102 have been followed. subjcct to any material d¢partur¢s ditTrclosed and explained ID thc fmancial stai¢m¢nts- and prepare the fmancial ststements on the going concem basis unless it is inappropriate to presume that the charitable company will continue in business. The Iru51ees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of th¢ charitabl¢ company and cnablc them lo ensure thai thc financial stal¢ments Lomply with the Companies Act 2006. They are also responsible for safeguarding the a55ets of the Lharitsble ompany and hencc for laking reasonable steps for Ihe prevention and dctcction of fraud and other irrcgularitics. Thc trustccs are rc%ponsible for the maintcnancc and intcgrity of the corporatc and financial inforniation includ¢d on Ihc charitablc company's wcbsiic. Lcgislalion governing th¢ prcparation and disscminalion or financial statements may differ from legislation in other jurisdictions. Sniall companies provlslon statement This port has been prepar¢d in accordance with the small companies regime under the Companies Act 2006. The annual report was approved by the tsuslees of the charity onJ.o... L:.a.fand signed on its behalf by: Alberto Rovida TnLsIc¢ Page 5
Hucknall and District Voluntary Sector Partnership Independent Examiner's Report to the trustees of Hucknall and District Voluntary Sector Partnership ('the Company,) Independent examlner's report to the trnstees of Hueknall and Dlstrlct Voluntary Sector Partnership {'the Company,) I report to the charity tnlstees on my examination of the accounts of the company for the year ¢nded 30 September 2024. Re5ponslblllties and basis of report As the charity's trustc¢s of thc Company (and a150 its directors for the purposes of company law) you are responsible for the prepara(ion of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of ihe Company are not required to be audited under Part 16 of the 2006 Act and arc cligible for indcpcndcn¢ cxamination. I rcport in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Cbarity Commission under section 145(5)(b) of tbe 2011 Act. Independent examiner's statement I have completed my examination. I confllm thal no matters have come ¢0 my attention in connection with the examination giving me cause to believe tha( in any material respect- accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act" or 2. the accounls do not accord with ihose records. or 3. the accounts do not comply with thc accounting rcquiremcnts of scction 396 of the 2006 Act other than any rcquircmcnt thal the accounts give a 'true and fairf view which is not a maller considcred as part of an Indepdent examination; or 4. the accounts have not been prepared in accordance with the methods and principleg of the Statement of Recommended Practice for accounting and reporting by charities [applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of IrelRnd (FRS 102)]. I have no ¢onc¢rns and have come across no other matters in connection with the examination to which altenlion should be drawi in this report in order to enable a proper understanding of the account5 to be reached. John O, ricn MSC. FAIA, FCIE. cmploye¢ of Commwiily Accounting Plus Fellow of the Association of Charity Independent Examiners Units l & 2 North West 41 Talbot Street Nottingham NGI 5GL Page 6
Hucknall and District Voluntary Sector Partnership Statement of Financial Activities for the Year Ended 30 September 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Total 2024 Total 2023 Unrestricted Restricted Note Income and Endowments from: Donations and legacies Charitable a¢livities 19,145 44,609 19,145 49.609 10,824 39,574 5.000 Total InLome 63.754 5,0 68,754 50,398 Expenditure on: Charitablc activities 162,201) (2,500) {64,701) 158,564) Total Expendirure (62.201) (2.500) (64,701) (58,564 Net incom¢l(expenditure) 1,553 2.500 4.053 (8.166) Net movement in funds 1.553 2.500 4.053 (8,166) Reconciliation of fundj Total funds brought forward 155.812 155.812 163,978 Total funds carried forward 12 157.365 2.500 159,865 155.812 All of the charity's activities derive from continuing operations during the above two periods. The notes on pages 9 to 16 fomi an integral part of these financial slatements. Page 7
HuckDall and District Voluntary Sector Partnership (Registration number: 05180733) Balance Sheet as at 30 September 2024 2024 2023 -Note Fixed assets Tangible assets 140.0(XI 140,000 Current assets t)ebtors Cash ai bank and in hand 2,781 21.474 258 20,311 io 24.255 20,569 Credltors: Amount5 falling due withln one year 4,390 (4,757) Net current a55ets 19,865 15,812 Net assets 159.865 155.812 Funds of the charlty: Restricted iocome funds Restrictcd fimds 12 2.500 Unrestricted income funds Unrestricted fun(ts 157.365 155,812 Total funds 12 159,865 155,812 For the financial year ending 30 September 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. DireL'tors' responsibilities- The mcmbers have not required the charity to obthin an audit of its accounts for the year in question in accordance with Section 476" and Th¢ directors acknowlcdge their rc5ponsibilitics for complying with the requ1M¢nIS of lh¢ Acl with rcspccl to accounting records and ihc prcpardtion of accounts. Th¢se financial statements have been prepared in accordan¢¢ with thc spccial provisions r¢latin8 to companics subjecl to the small companies regime within Part 15 of the Companies ACL 2006. The financial statements on pages 7 to 16 Vre approved by the trtees, and authorised for issue on Jo.:.L,afand signed OD their behalf by: vor Clay Company Secrelary nlee The notes on pages 9 to 16 fom) an integral part of these fanCIal statements. Page 8
Hucknall and District Voluntary Sector Parthership Notes to the Financial Statements for the Year Ended 30 September 2024 l Accounting policies Summarv of signlficant a¢¢ountlng pollcies and key accounting e5tinutes The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. Statement of ¢ompli2nce The finanLial statements have en prepared in accordance with Accounting and Reporting by Charities: Sthicmcnl of Recommended Prnclice {applicabl¢ lo charilics prcparing thcir accounts in accordance with thc l•inanLial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (i$5ued in October 2019) {Charities SORP (FRS 102)). the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Basls of preparation Hucknall and District Voluntary Sector Partner5bip meets the defmilion of a public benefit entity under FRS 102. Assets and liabilities are initially rKognis¢d at historical cost or transaction value unless otherwise slaled in the relevant aLLounting poliLy notes. Goin2 eoncern The financial statements have been Prepared on a goin8 concern basis. The Iruslccs asscss whether the usc of going concern is appropriate i.e. whelher there are any mal¢rial uncertainties related to events or conditions that may cast Si1fiCant doubi on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a p¢riod of one year from the date of approval of the fllmncial statements. Exemption from preparing a cash flow slatement Undcr the exemption available to smaller ¢harili¢s th¢ Board of Trustees has chosen not to include a Stsi¢ment of c.ash Flows within the financial statements. Incon and eDdoWnt$ Volunlary incom¢ including donations. gifts. legacies and grants thai provide corc funding or are of a general nature is recognised when the charity h&$ entitlement to the income, it is probable that the income will be r¢¢civ¢d and th¢ amount can b¢ m¢asur¢d with suLficient reliability. Donations and l¢g4¢1 Donations are recognised when the charity h&s been notified in writing of both the amount and settl¢m¢nt date. In the event that a donation is subject to conditions that require a level of perfornwice by the charity before the Lharity is ¢ntitl¢d io the funds. the income is deferred and not recogni5 UT]til either those conditions aT¢ fully meL or the fulfilment of those conditions is wholly within the coT)trol of the charity and it is probable that these conditions will be fulfilled in the reporting period. Grnnts recéivable Grants arc r¢cogniscd wh¢n thc charity has an entitlement to the funds and any conditions linkcd to the grants have been met. Whcr¢ perforniance conditions are 2i&ched to the grdnl and are yet lo be mel. Ihe incomc is recognised as a liabiliry and included on (he balance sheel &s deferred income to be released. Page 9
HuckDall and District Voluntary Sector Partnership Notes to the Financial Statements for the Year Ended 30 September 2024 Expendithre All expenditur¢ is recognised once there is a legal or constructive obligation to that expenditure. tt is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attTibuted to particular headings th¢y hav¢ been allocated on a basis consistent with the use of resources. with central staff Losts allated on the b&sis of time spent. aud d¢preciation clwges allocated on the portion of the ass¢t's use. (hhcr support costs are allocated b&s¢d on the sprcad of staff costs. Charitable activiti Charilablc cxpcndilurc cornpriscs Ihosc costs incurr¢d by thc charity in the dclivcry of its activitics and scrviccs for its beneficiaries. It includes both costs that can be allocated directly to such activities and ihose costs of an indirect naturc necessary io support them. Government grants Government grants are recognised based on th¢ accrual model and are measured at the fair value of th¢ asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relaling to revenue are COgnised in income over the period in which the Telated costs are recognised. Grants relating to assets are recognised over the expccid useful life of the asset. Where part of a grant relating to an asset 15 defeed. it is Tecognised as deferred income. Taxation The charily is considered lo pass th¢ tests sel out in Paragraph I Schedule 6 of ih¢ Finance Aci 2010 and therefore it meets the definition of a charitable company for UK corporation tsx PUTposes. Accordingly, the charily is potentially exempt from ttiOn in r¢speci of income or capital gains r¢c¢ivcd within categories covered by Chapter 3 Part I l of the CoTpofdtion Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purwses. Tangible fixed assets Individual fixed assets Cosling £500.00 or more are initially recorded at cost. Depreclatlon and amort15atlon Depreciation is provided on tangible fixed IlS so as lo write off the cost or valuaiion, less any eslimated rcsidual valu¢, ovcr thcir cxpccted useful cconomic lifc as follows: A$$et class Deprttialion method and rate Equipment 200/0 on a straight line basis The cost of land and buildings included in the Balance Sheet but not deprectated is £140.000. Trade debtors Trade d¢btor5 are amounts due from customers for meTchandis¢ sold or services performed in the OTdin3ry course of business. Trade debtors are recognt5ed initially at the transaction price. Th¢y are 5ub5equently measur¢d at aTnurtised Lost using Ihc effcclivc inlcrcsl methoQ Icss provision for impairmcnl. A provision for thc impairmcnl of Iradc dcbtors is established when there is obJtive evidence that ihe charity will noi be able to collect all amounts due according io the original tenns of thc re1vableS. Page 10
Hucknall and District Voluntary Sector Partnership Notes to the Financial Statements for the Year Ended 30 September 2024 Cash and cash equivalents Cash and cash equivalents comprise c&sh on hand and call deposits, and other short-tern] highly liquid invcslm¢nÉ¥ that are readily convertible a known amount of and are subject to an insignificant risk of change in value. Fund structure Unrestricted incom¢ funds are gcncral funds thai arc available for wc at thc tnLslccs' disCli0n in furtherance of thc objcctivcs of the charity. Restricted income funds are those grdnts for use in a particular area or for specific purposes, the use of which is rcstricted to that aTea or PUTPOSC. Penslons and other post retirement obligations The charity operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from thos¢ of the Charity. Pension costs charges in the Statement of Financial Activities represent the contrtbutions payable by the charity during the year. 2 Income from donations and Regacies Unrestricted funds General Tolgl 2024 Total 2023 Donations and legacies: Donations from companies, trusts and sitnilar proceeds Grants, including capitsl grants" Govenunent grdnts 6.445 6,445 624 12.700 12,700 10,200 19,145 19,145 10,824 3 Ineome from charitable activities Unrestrirted funds Gener41 Restricted funds Total 2024 Total 2023 Rent 43.737 872 43.737 872 5,000 36.948 2,626 Rwm hire Grants 5,000 44.609 5,000 49.609 39.574 Page 11
HuckDall and District Voluntary Sector Partnership Notes to the Financial Statements for the Year Ended 30 September 2024 4 Gr¥dnts & donations Unrestrirted funds Restrlcted funds Total Thomas Farr Nottinghamshtr¢ County Council Hucknall Rclief in Necd Charily Ashfield Dtstrict Council Sundry donations 5.0(K) 5,000 7.950 5.000 4.750 1,445 7,950 5,0(M) 4.750 1,445 19.145 5,000 24,145 5 Expendfiture on eharlt2ble artivltles Unrestricted funds General Restrlcted funds Total 2024 Total 2023 Wages. Nl & pension Utilities Insurance Repairs & maintcnancc Cleaning. materials & refuse Furnitur¢ & equipment Telephones Printing, postsge & stationery Service contrdcts Licences CateTing Legal & professional fccs Othcr Contribution to core costs 18.737 30.879 2,129 3.775 5,435 18.737 30.879 2.129 3.775 5,435 18.579 20,458 1,950 5.409 6,005 129 2,268 81 2,218 537 246 2254 87 2254 87 249 50 1,056 50 2,500) 249 50 1.056 50 684 2.500 62,201 2,500 64.701 58,564 6 Fees payable to Independent exaDthier During the period, the fees payablc (excluding VAD to the clwity's independent examiner Community A¢Uting Plus are analysed as follows: 2024 2023 Indcpcndcnl Cxamination 630 570 Page 12
Hucknall and District Voluntary Sector Parthership Notes to the Financial Ststements for the Year Ended 30 September 2024 7 Slaff costs The aggregate payroll costs were as follows: 2024 2023 Staff costs during the year were: Wagcs and salaries Pension costs 18,373 364 18,220 359 18.737 18,579 The monthly average number of persons (including senior management fram} ¢mployed by the charity during the yeaT was as follows: 2024 2023 Averdge number ofemployees 1 {2023 - 1) of the abovc cmployees participated in the Defjncd Contribulion P¢nsion Scheme5. Contributions to the employee pension schemes for the year totalled £364 (2023 - £359). No employee received emoluments of more than £60.0(X) during the year. The totsl employee benefits of the key n)agement personDel of the clwity were £18,737 {2023 - £18,579}. 8 Tangible fixed assets Land and buildings Equipment Total Cost At l October 2023 140.(K)O 2.183 142.183 At 30 Scpternber 2024 140.(K)O 2.183 142,183 Depreciation At l October 2023 2.183 2,183 At 30 September 2024 2.183 2.183 Net book value At 30 September 2024 140,1K)O 140.000 At 30 Septcmbcr 2023 140,WO 140.000 Page 13
Hucknall and District Voluntary Sector Partnership Notes to the Financial Statements for the Year Ended 30 September 2024 9 Debtors 2024 2023 Trade debtors Prepayments 2.447 334 258 2,781 258 10 Cash and cash equlvalents 2024 2023 Cash on hand Cash at bank 20 21.454 344 19,967 21.474 20.311 I I Creditors: amounts fvdlliDg due within one year 2024 2023 Oih¢r laxation and social SCCUTity Other creditors Accruals 127 994 3.269 147 731 3.879 4.390 4,757 12 Funds Balance at 30 September 2024 BalaDce at I Oclober 2023 InconADg resources Resources expended Unrestrieted funds General General Fund 155,812 63.754 {62,201) 157.365 Restricted funds Core costs 5,000 {2.500 2,500 Total funds 155.812 68.754 (64.701 159,865 The specific purposcs for which the funds arc to bc applied arc as follows: The Core costs fimd is funding from Thomas Farr towards the core costs of Under One Roof. Page 14
Hucknall and District Voluntary Sector Partnership Notes to the Financial Statements for the Year Ended 30 September 2024 Balance At 30 September 2023 Balanee at I October 2022 Incoming resources Resources expended Unrestricted funds Generol Gcneral Fund 163.978 155,812 13 Analysis of net assets between funds Unrestricted 2024 Total funds General Restricted Tangible fix assets Current assets Current liabilities 140.000 21,755 (4,390) 140.000 24,255 (4,390) 2.500 Total nct asscts 157.365 2.500 159,865 Unrestricted 2023 Total funds General Tangible red assets Current assets Current liabilRties 140.000 20.569 (4.757) 140.000 20,569 (4.757) Total net assets 155.812 155,812 14 Related party transactions There w¢rc no rclated party transactions in the y¢ar. IS Taxation The chlty is a registered charity and is therefore exempl from taxation. 16 Trustees remuneration Vdnd expenses No kntee$, nor any persons connected with them, have received any remuneration from the Charity during the year. No twstees have received any reirnbursed ¢xpenses or any other benefits from thc charity during th¢ year. Page 15
Hucknall and District Voluntary Sector Partnership Notes to the Financial Statements for the Year Ended 30 September 2024 17 Charity staths The charity is a company limited by guarantee and consequently doe5 noi have share capital. Each of the trustees is liable to Lontribute an amount not exceeding £1 towards the assets of the chariry in the event of liquidation. Page 16