REGISTERED COMPANY NUMBER.. 05392093 (England and Wales> REGISTERED CHARITY NUMBER: 1111800 Kent Coast Volunteering Ltd (A company limited by guarantee) Unaudited Report of the Trustees and Financial Statements Year Ended 30 September 2024
KENT COAST VOLUNTEERING LIMITED (A COMPANY LIMITED BY GUARANTEE) CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Page Reference and administrative details of the Charity, its Truslees arKI advFsers Report of the Trustees Report of the Independent Examiners Statement of Financial Actrvities Balance Sheet 10 Notes to the Financial Stalements 11-17
KENT COAST VOLUNTEERING LIMITED (A COMPANY UMITED BY GUARANTEE) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Page 1 Registered Company Number 05392093 (England and Wales) Registered Charty Number 1111800 Registered Office 3 Park Street Deal Kent CT14 6AG Trustees J Sutton (Chair) A Ladds V Kosumi S Addley- resigned 19.04.24 H De Souza C Fitzwilliam-Grey E Pugh J Gallagher- appointed 19.04.24 Charity Manager E Cooney Independent Examiner David Muggridge FCCA Ackland Webb Limited Suite 1, First Floor 3 Jubilee Way Faversham Kent ME13 8GD
KENT COAST VOLUNTEERING LIMITED (A COMPANY LIMITED BY GUARANTEE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2024 Page 2 Trustees. report for the year ended 30 September 2024 The Trustees present their annual report together with the financ1 statements of Kent Coast Volunteering Ltd for the year 1 October 2023 to 30 September 2024. The annual report SeeS the purposes of both a trustees, report and directors. report under company law. The Trustees confimi that the annual report and financial statements of the charitable company comply with the current statutory requirements of the charitable company's governing document and the provIsnS of the Statement of Recommended Pract@ (SORP) applicable to charities preparing their OuntS in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019). Since the charity qualifies as small under section 382 of the Companies Act 20C6. the strategic report required of medium and large companies under the Companies Act 2006 (strategic Report and Directors, Report) Regulations 2013, has been OMed. Successes this financial year Oct 2023 - September 2024 included expansion of our volunteering brokerage seNice and wNJening our infrastructure support offer for volunteer-involving organisations in Thanet, thanks to Thanet District Council, and organising the inaugural Excellence in Volunteering Awards for the Folkestone, Hythe and Romney Marsh area wtth funding from Folkestone & Whe District Council. We were sucsSful in our first attempt at crowdfunding. and we launched accessibilty and youth volunteering projects. Our Communty Transport Service and Gojd Neuhbours Serv continu1 to do vttal work, with staff, volunteer befrienders, volunteer drivers and offe volunteers reducing loneliness and isolation and transfomiing lives across our area of operation. We are in a good posrtion to look forward, and to explore ways to expand our services, supporting our communsties. combatting loneliness and isolatKJn and improving lives. We are proud of our achievements during this period and the impad we have made. We would like to thank trustees and all the staff, volunteers, donors, fundraisers and stakeholders for everything they have done to support the work and success of KCV. Objectives and activities Pollcles and objectives In setting objectives and planning for activtiies, the Trustees have given due constderation to general guidance published by the Charity Commission relating to public benefrt, including the guidance 'Public Benefrt.. Running A Chanty (P82)'. Finances For the first year in a long time, y ended our financial year with a surplus to reinvest in our charity. Major constituents of this were a generous exit grant from Tudor Twst, who had prewously backed our brokerage service in Thanel for three years, a one-off recouping of hLStori¢ Glft AMI and, at long last, being able to obtain a reasonable level of bank interest on our funds. Grant funding continues to be the prmnary source of income that enables us to do the good work we do supporting communities. And we are hugely grateful to our funders.
KENT COAST VOLUNTEERING UMITED (A COMPANY LIMITED BY GUARANTEE) Page 3 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2024 Finances cont'd The furKling landscape is a continuation of the previous year wtth all but a few of our peer charities struggling for funding as more grants are awarded for less money. so funders can reach more people. The Garfield Weston Foundation again granted us a generous award to be able to continue our work. Support from Kent Community Foundation has been invaluable as core funding is so drfficult to find, and their additional help and advice has been hugety benefla1. Support from Funding For All and Charity Mentors Kent and Medway has also bn invaluable. At the 2023-2024 year-end, we are in a secure positK)n to continue the work we believe in supporting our communities - and explore opportunrties to expand. We are proud of our achievements during this period. Volunteering There have been many highlights from our Volunteer Connector service to show the differen it makes. The team have reached 900 individuals through regular volunteer bulletins and have worked closely with more than 200 in identifying volunteer possibiltEies. Our work includes the successful placement of people into volunteering roles to develop their Confiden and improve wellbeing. We added a string to our bow the inaugural Folkestone & Hjrthe District EX1]enCe in Volunteering Awards, organised and hosted on behalf of Folkestone & Hhe District Council - an agreement renewed for the coming year, which is great news. These awards are an opportunty to recognise and reward volunteers and celebrate Volunteer-lnvolving Orgainsations (VIOs} across Folkestone & Hythe. There were nearly 100 entries and nominees ranged from volunteers offering fcrf)d. repairing beloved items and giving financial support with a smile, to environmental groups, bowls clubs and groups supporting dementia seN¢es going above and beyond in their roles. In tems of infrastructure support, the team reached 897 MOS and organised NeOrk and Knowledge sessions, an opportunity for peer sharing and leaming. Our new Accessibilty Project organised sessions focussing on deaf awareness and including mental heah and blind and partial sightedness. Our Dover Volunteer Connectorfs highlights included working on a t)over Volunteer Hub and being on the panel of Deal Collective for local charities and CICS to share infomiation. She is part of the Deal History Allian, an opportunty to network with k)cal history groups and find out MO about the volunteering opportunities in this sector, and she is part of the Commun5ty Forum with Dover Big Local. One of her hhlightS was Coworganising a Making Connections Dover event for VIOS with parlners Stronger Kent Communities. As the financial year ended, we started the efficacious partnership wrth Thanet District Council Communty Champions Programme, developing a series of NeOrk & Knowledge and Best PraCte training events to support the growing infrastructure needs of Thanet based VIO'S.
KENT COAST VOLUNTEERING UMITED (A COMPANY LIMITED BY GUARANTEE) Page 4 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2024 We thank the National Lottery Communty Fund for our volunteer connector service, which started in January 2023 and is set to enter tts third and final year. This generous award ensures the survival of KCVS volunteer brokerage service and SUPFQrts us to develop our infrastructure support offer to VIO'S in Thane( Dover and Folkestone & Hythe. As we mentioned eartier, this work was expanded in Thanet WTth generous support from Thanet Distrtct Council, funding our new pilot youth project and a communications iole, and from Folkestone & Hythe District Council whose funding enabled us to run our first ever Excellence in Volunteering Awards across the district. Community Transport The transport team gained a third member of staff alongside ts 9 office volunteers and 50 volunteer drivers. and this dedicated team continue to reach those most in need. During the year more than 6,500 journeys were arranged for over 800 of our Transport Scheme Members. As a charity we are keen to expand the seNice, which necessrtates bcosting driver numbers, so we can help more people, particularfy those wtth lrfe-threatening illnesses and younger disabled people. Until we rUit more drNers, we are unable to expand the Servi to offer this support. This continues to be a VK)rk in progress. We also thank NHS Kent and Medway for their contribution to our transport service, enabling us to take clients to essential NHS medical appointments they would otheTrwse not be able or might have great difficulty in attending. Good Neighbours Service Our Good Neighbours Service (GNS) managed to do vital V4rJrk combatting loneliness and is0[atn in the community. This financial year, Folkestone Town Council. Folkestone & Hythe District Council and The Roger De Haan Charitable Trust kind stepped in to help us continue our Folkestone befriending Service - and The Philip and Connie Philips Foundation in partnership viith Colyer Fergusson Charrtable Trust enabled us to restart our seNice in Dover district. along wtth a Crowdfund Kent campaign, which included donations from Kent County Councillors in Folkestone & Hythe. Age UK Whitstable and Herne Bay continue to support our Thanet befriending service, enabling us to support those most in need. We thank them all for their support for this much-loved seNice, a lifeline for many Communications A new temporary comms post was created to help promote volunteering through social media and articles in the printed press. radio and TV as well as volunteer opportunitEs listings going into a printed publi&ation posted through people's doors as the year came to a close. This is expected to make a huge dtfference.
KENT COASTVOLUNTEERING UMITED (A COMPANY UMITED BY GUARANTEE) Page 5 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2024 How we work As afrways since our merger in 2018. our Vision and MissDn cc>nb'nue to be a future Nthere Kent's coastal communitES improve their qualty of lrfe through the ptrwer of volunteering and swial action, connecting communities across East Kent through volunteerir¥J and COMMUnty- projects. Our core purpose is volunteering - we are here for the individual and the organisation. Volunteering is at the heart of eveNhing that we do. Our Servi has always been focused on those that are most disadvantaged, including the elderly. disabw and people who are economically disadvantsged. Our Volunteer led projects support much Nplued and much needed servi. Our Staff The trustees delegate day to day management to the Charrty Manager who leads a dedicated team of staff and volunteers and we aim to recruit high calibre individuals vtho contribute to the achievement of the charty's aims and objectives and understand the ethos of the organisation. Our dedicated employees are our most valuable asset, and we have been revEwng terms and condrtions so that we can both attract and keep staff. This financial year, looked at staff salaries and emplosrnent tenns and conditions and improved them whenever possible. We aim to be a "Real Lmng Wage employer and expect to achieve this in April 2025. The Trustees All members of the Board of Trustees give their time voluntarily and received no benefits from the charity. Any expenses reclaimed from the charity are set out in the notes to the financial statements. Flnancial rnvlew Going concern After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in cyerational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial ststements. Reserves Policy The Trustees have noted the financial sitIOn of the Charity whh is rather healthier than it has been for some years. This is in great part due to a very generous unrestricted donation from the Tudor Trust. The Trustees have therefore agreed to desunate funds to a 'Development Reserve. which will support the initial research and development costs expected to be asscciated with a potential new Gardening SeNice and expansion of both the GNS and Transport Seplices.
KENT COAST VOLUNTEERING UMITED (A COMPANY LIMITED BY GUARANTEE) Page 6 REPORT OF THE TRUSTEES FOR TrIE YEAR ENDED 30 SEPTEMBER 2024 Reserves policy conyd We have also taken the opportunity to review the existing. Designated "Winding up Reserve". Hitherto this had only taken into account costs expected to arise on the complete cessation of operations, such as staff r8dundancy pwnents. Trustees have now expanded its scope also to include all running expenses the Chatity might be eXPted to incur until all existing prqects and ccAnmitments have been brought to an orderly conclusion and renamed li the"Contingency Reserve" Structure, govemance and management Constitution Kent Coast Volunteering Ltd is registered as a charitable company limited by guarantee and was set up by a Trust deed. The management of the Charity is the responsibilty of the Trustees who are elected and cwted under the tems of the Memorandum & Articles. The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for preparing the Twstees, report and Ihe financial statements in accordance wtth applicable law and United Kingdom Accounting Standards (UnTrted Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statemenls unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its incorne and expenditure, for that period. In preparing these financial statements. the Trustees are required to: select suitable accounting policies and then apply them consistently. observe the methods and principles of the Chan'ties SORP (FRS102): make judgments and accounting estimates that are reasonable and prudent; state whether applicable UK Accounting Standards {FRS102) have been followed, subject to any material departures disclosed and explained in the financial statements; prepare the financial statements on a goirwJ concern basis unless il is inappropriate to presume that the Charity wil continue in business.
KENT COAST VOLUNTEERING UMTTED (A COMPANY UMITED BY GUARANTEE) Page 7 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2024 Constitution confd The Trustees are responsible for keeping adequate accounting records that are Sufflent to show and explain the Charitys transactions and disclose wth reasonable accuracy al any time the financiai position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hen for taking reasonab steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the Board of Trustees and sned on their behalf by.. John SLrtion - Chair of KCV 2210512025
KENT COAST VOLUNTEERING UMrrED IA COMPANY UMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KENT COAST VOLuKfEERING LIMITED ('THE CHARrrY") FOR THE YEAR ENDED 30 SEPTEMBER 2024 Page 8 I report to the Chartys Trustees on my examination of the accounts of the Charity for the year end8d 30 September 2024. Responsibilities and basis of report As the Trustees of the Charity (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordan wtth the reqU1ments of the Cwipanies Act 20C6 ('Ihe 2006 act"). Having satisfied myself that the accounts of the Chanty are not required to be audrted under Part 16 of the 20CkS Act and are elh3ible for independent examination, I report in respect of my examination of the Charitls accounts carried out under section 145 of the Charities Act 2011 ('Ihe 2011 Act"). In carying out my examination I have follcwed the directions given by the Charty Commission under section 145(5) (b) of the 2011 Act. Independent examinerfs statement Since the Charitys gross income exceeded £250,OW your examiner must be a member of a body listed in Section 145 of the 2011 Act. I confim that l am qualffied to undertake the examination because l am 8 member of the Associab'on of Chartered Certffied Accountants, whth vs one of the listed bodies. Having completed my examinatK)n. I confimi that no matters have come to my attention in connedion with the examination giving me cause to believe: accounting records were not kept in respect of the Chanty as required by section 386 of the 20{ Act" or the accounts do not accord with those records; or the accounts do not comply with the accounting requirements of section 396 of the 2(X)6 Act other than any requirement that the accounts give a Irue and fairf view which is not a matter considered as part of an independent examination; or the accounts have not been prepared in accordan with the methods and principles of the Statement of Recommended Practrce for accounting and reporting by chartties (applicable to charities preparing their accounts in &cordance wilh the Financial Reporting Standard applicable in the UK arKI Republic of Ireland (FRS 102)]. I have no concerns and hw4e come across no other matter5 in connection wtih the examination to which attention should be drawn in this report in order lo enable a proper undwslarKling of ts accounts to be reached. This report is made solely to the Charivs Twstees. as a bcKty, in accordan with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Chartys Trustees those matters l am required to state to them in an Independent Examiner's report and for no other purpose. To the fullest extent permitted by law. I do not accept or assume responsibility to anyone other than the Charity and Charitls Trustees as a body, for my work in this report. 21, David Muggridge FCCA Ackland Webb Limited Suite 1, First Floor, 3 JUble Way Faversham. Kent, ME13 8GD Date
KENT COAST VOLUNTEERING LIMrrED (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2024 Page 9 Unrestricted Restricted Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 Note INCOMING RESOURCES Grants, Donations & Legaries Charitable activities Investrnents 60,742 85,422 7.174 242.001 302,743 85,422 7.174 408,146 70.099 3.616 Total income 153.338 242.001 395,339 481,861 RESOURCES EXPENDED Charitable activf(ies 82.113 243.677 325,790 374,546 Totsl expenditure 82,113 243,677 325,790 374,546 Net incomel(exponditurel Transfers between funds 71,225 11.6761 (999) 12,675) 69,549 107,315 12 Net movement In funds 72224 69,549 107.315 RECONCILIATION OF FUNDS Totsl funds brought fopKdrd Net movement in funds 108.272 72,224 116,706 2,675 224,978 69,549 117,662 107,315 TOTAL FUNDS CARRIED FORWARD 180.496 114,031 294,526 224.9TT The statement of financial activities includes all gains and bsses recognised in the year. The notes on pages 10 to 17 forn part of these financial statemerts
KENT COAST VOLUNTEERING LIMITED (A COMPANY UMITED BY GUARANTEE) BALANCE SHEET AS AT 30 SEPTEMBER 2024 Page 10 2024 2023 FIXED ASSETS Tangible assets 2.114 2,789 CURRENT ASSETS Debtors Cash at bank & in hand 10 3,179 304,760 307.939 4,701 235,033 239,734 Creditors.. amounts falling due within one year 11 15.527 17,546 NET CURRENT AssErs 292,412 222,188 TOTAL NET ASSETS 294,526 224,977 CHARITY FUNDS Restricted funds Unrestricted funds Contingency fund Development fund General fund 12 12 114.030 116,706 113,000 50,000 17,496 50.000 58.271 180,496 294,526 108,271 224,9TI The Charty was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit for the year in question in accordance with sectron 476 of CompanEs Act 20(AS. The Trustees acknowledge their responsibilities for comptying with the requiremerrts of the Act with respect to accounting records and preparatM)n of financial statements. The financial statements have been prepared in accordance with the pro¥isions applicable to enttties subject to the small companies regime. The financial ststements Ere approved and authorised for issue by the TrUStS and signed on their behalf by John Sutton - Ch'ait ol KCV Date.. 22105r2025 The notes on pages 10 to 17 fomi part of the financial statements
KENT COAST VOLUNTEERING LIMrrED (A COMPANY UMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Page11 GENERAL INFORMATION Kent Coast Volunteering Limiied is a Charity {Charity number 1111800) Limff(ed by guarantee, incorporated in England and Wales. The address of the registered Offi is 3 Park Street. Deal, Kent. CT14 6AG. Details of the princpal activities are included in the Trustees, Report. ACCOUNTING POLICIES 2.1 Basis of preparatlon of financial statements The financial statements ha4e been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Chartties: Statement of Recommended Pract applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard appluble in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Kent Coast Volunteering Limiied meets the definition of a public benefrt entity under FRS 102. Assets and liabilities are intiialty recognised at historical cost or transaction value unless otherYise stated in the relant accounting policy. The financial statements are presented in pound sterling and rounded to the nearest pound. 2.2 Going concern The Trustees have considered the level of Ihe Chariws reseNes ak)ng wilh its projected irKome and expenditure and are satIsfd that the Charty has adequate resources to continue in operational existen for the foreseeable future. 2.3 Income All income is recognBed once the charity has entitlement to the ncome, it is probable that the income will be receNed and the amount of income receivable can be measure reliably. Grants are included in the statement of financial actNities on a receivable basis. The balan of income received for $peCrf purposes but not expended during the period is shown in the relevant funds on the balance sheet. Where income is received in advan of entitlement of receipt. ts recognition is deferred and included in creditors as deferred inCe. Where entitlement occurs before income is received. the income is accrued. Other income És recognised n the period in which it is reiable and to the extent the go)ds have been prlIded or on Comptn of servi. 2.4 Expenditure Expenditure is recognised once there is a legal or constructive c)IvJatTron to transfer econanic benefrt to a third paty. it is probable that a transfer of economic beneffts will be required in settlement and the amount of obligation can be measured reliably. Expenditure on charitable actiNibes is incurred on directly undertaking the activities which furtkEr Ihe Charitys objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. 2.5 Tangible fixed assets and depreciation Tangible fixed assets costing £500 or more are capitalised arKI recognbsed when future economic benefrts are proba)le and the cost or value of the asset can be measured reliably. Tangible fixed assets are initialty recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangib fixed asset inlo ts intended working condition are included in the measurement of cost.
KENT COAST VOLUNTEERING LIMrrED (A COMPANY UMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Page 12 ACCOUNTING POLICIES (contlnued) 2.5 Tangible fixed assets and depreciation continued Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful li. Depreciation is provided on the foll1ng basis: Motor vehicles 20% reducing balance Office equipment 20% reducing balance Computer equipment 25% reducing balan 2.6 Debtors Trade and other debtors are recognised at the settlement amount after any trade diswjnt offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 2.7 Cash at bank and in hand Cash at bank and in hand includes cash and short4emi highty liquid investments with short maturty of three months or th from the date of acquisition or opening of the deposit or similar account. 2.8 Liabilities and provisions LiabilitEs are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of ewnomic benefrt will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are rewJnised at the amount that the Charity anticipates rt will pay to settle the debt or the amount it has reiVed as advanced payments for the goods or seprfices it must provide. 2.9 Financial instruments The Charity only has financial assets and financial liabilitw of a kind that qualify as basic financial instruments. Bas financial instruments are initially recognised at transactK)n value and subsequently measured at their settlement value wth the exception of bank loans which are subsequently measured at 8mortised cost using the effective interest method. 2.10 Penslons The Charity 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. 2.11 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charty and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular Purposes. The aim and use of exh deswjnated fund is set out in the notes to the financbal statements. Restricted funds we funds which are to be used in accordance with specific restrictions imposed by donors or which have bn raised by the Charity for particular purposes. The aim and use of each restricted nd is set out in the notes to the financial ststements. Investment income, gains and losses are alkKated to the appropriate fund.
KENT COAST VOLUNTEERING LIMITED IA COMPANY UMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Page 13 3 INCOMING RESOURCES FROM DONATIONS AND GRANTS Unrestricted Restricted Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 Donations Legacies Grants 18,592 2.000 40.150 18,592 2,000 282,151 9,748 242,001 398,398 60,742 242.001 302,743 408,146 Donations include gift aKI relief reiVed amounting to £15,352 (2023: £nil) of which £13,653 related to claims for earlier years. 4 INCOMING RESOURCES FROM CHARITABLE ACTivrriES Unrestrkted Restricted Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 DBS service fees Good neighbours see Transport income Other service delivwy inccyne 4,043 4.043 5,658 917 36,564 28,221 47,719 33.660 47,719 33.660 85.422 85.422 71,360 5 INCOMING RESOURCES FROM INVESTMENT INCOME Unrestricted Restricted Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 Interest recerrfed 7.174 7.174 2,355 7,174 7.174 2,355
KENT COAST VOLuKfEERING UMrrED (A COMPANY LIMITED BY GUARANTEE) Page 14 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 6 RESOURCES EXPENDED ON CHARITABLE ACTMTIES Unrestrlcted Restrlcted Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 Insurances Premises expenses Rent & rates Computer expenses Motor expenses Telephone Postage & stationery Sundries Promotional costs SubscriptK)ns & publications Event expenses Advertising Travel & training Volunteer expenses Wages & salaries Pension costs NatK)nal insurarr Support costs chargeablelreceivable DBS charges Bank charges Depreciation Accountancy Professional fees Loss/{Profrt) on disposal of asset Bad debt expense 1.931 15 3,690 1,827 1,931 15 7,380 10,584 2,130 870 11,042 11,578 8.757 2.919 3,112 1,726 6,031 2,232 2,469 2,358 7,632 3,848 1,886 2,780 7,755 18,012 819 6,899 3,062 266,650 4.134 11,247 2,469 2,358 5,635 874 925 6,577 523 7.237 153 178,137 7,451 523 7,473 2,898 238,061 3,802 9,428 236 2.745 59,924 2.842 6.593 (27.410) 1.833 1.176 630 2.835 27.410 233 2,066 1,176 630 2,548 10,129 45 3,519 1,150 799 3,197 5,501 (127) 163 8,727 45 1.402 82.113 243,677 325,790 374,546 7 STAFF COSTS 2024 2023 Wages & salaries Social securty Costs Contributed to defined contribution pensh)n schemes 238,061 9,427 3,803 266,650 11,247 4,134 251.291 282,031 The average number of persons empbyed by the Charty during the year was as follthY8: 2024 no. 2023 no. Employees 16 18 No employee receNed remuneration amounting to more than £60,000 in eitrr year. Remuneration paid to key management personnd during the year was £52,771 (2023.. £55,475).
KENT COAST VOLUNTEERING UMrrED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Page 15 8 TRUSTEES, REMUNERATION AND EXPENSES During the year, no Trustees reNed any remuneration or other beneffts (2023: £Nil). During the year ended 30 September 2024, there were no expenses reimbursed or paid directly to TrUStS {2023'. £91 to 2 Trustees). 9 TANGIBLE FIXED ASSETS Office Computer Vehicles Equipment Equipment Total Cost At 1 October 2023 Additions Disposals At 30 September 2024 Depreciation At 1 October 2023 Charge for the year On diswsals At 30 September 2024 Net Book Value At 30 September 2024 8,201 7.493 15,694 290 290 8,201 7,203 15,404 6.615 317 6,290 313 245 12,905 630 245 6,932 13,290 1,269 2,114 At 30 September 2023 1,586 1,203 2,789 10 DEBTORS 2024 2023 Trade debtors Prepayments & accrued income 2.913 4,634 67 3,179 4,701 11 CREDITORS - AMOUNTS FALUNG DUE THIN ONE YEAR 2024 2023 Trade cr&lrf(ors Other laxalion & social seCUrY Accruals & deferred income 4.695 1,761 3,790 11,995 10,832 15.527 17,546 2024 2023 Deferred Income Deferred income at 1 October 2023 Resources deferred during the year Amounts released from previous years Deferred income at 30 September 2024 Deferred income relates to income receNed during the year but has been deferred based on the temis of the subscriptions. 9.381 121,191 10,832 9,381 9,381) (121,191 9,381 10,832
KEKf COAST VOLUNTEERING UMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Page 16 12 STATEMEKf OF FUNDS Balance Incomin Resources Transfers 01-Oct-23 Resources Ex Balance 30-Se 24 Unrestricted Funds Designated Funds Contingency Reserve Development Reserve 50,000 63,000 50,000 113.000 50,000 50,IX)O 113,000 163,000 General Funds General Funds- all funds 58,271 153,339 {82,113) {112,001) (82.113) 17,496 Total Unrestricted Funds 108,271 153.339 180,496 Restricted Funds Good Neighbours Service KCV overheads (funded by grant) Folkestone Nepalese Communrty Centr Nepalese Digital Indusion Programme Transport Sepiice Volunteer Connect$ 738 48,431 43,000 (26,61n (48,041) (6,822) {127) {295) 22,425 6,822 577 7,468 95,765 (577) 7,468 143,101 (14,936) (147,261) 91.605 Total Restricted Funds 116.706 242,001 (243.677) (999) 114.030 Total Funds 224.97T 395.340 (325.790) 294,526 Purpose of Designated Funds Contingency Reserve - This represents the Trustees, estimate of costs that may be incurred in the event of the Charity ceasing to operate. D8velopment reSee - Funds set asmje for the future enhancement of the Chanws operations. Purpose of Restricted Funds Good Neighbouts SeNKe - A volunteer befriending service aimed at reducing the feeling of loneliness and isolation among okler people in our communities. KCV overheads - This represents monies given specffKally to fund our overheads. Folkestone Nepalese Community Cents? - Provides funding to establish a Nepalese Communty Cenlre and set up and run a series of activities aimed at Cnbating loneliness for people of all ages within the al communty. Nepalese Digital Inclusion Prcgrdmme - This programme has been Thplemented to help the Nepalese communty within Folkestone access online services which will enable individuals to better connect to services and the wider communjty. which will promote lIbeing and overcome isolalion. Transport Service - An essential. volunteer led ccfflmunty transport service. enabling people to attend hospital appointments, GP and Dental appointments, as well as visit relatives. go strK)pping or attend social events. Volunteer Connectors - A comprehensive outreach and brokerage serrfice to help match individuals to voluntary organisations and to support organisations with best Practi resources and networking and training opportunities on volunteering.
KENT COAST VOLUNTEERING UMrfED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Page 17 13 ANALYSIS OF NET ASSETS BETWEEN FUNDS (CURREMf YEAR) Unrestricted Restricted Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 Tangib fed assets Cuent assets CdItorS due 1th1n one year 2,114 193.910 (15.527) 180.497 2,114 2,789 307.939 239,734 (15,527) (17,546) 294.526 114,030 114,030 224,977 ANALYSIS OF NET ASSEfs BEfwEEN FUNDS (PRIOR YEAR Unrestricted Restrfcted Funds Funds 2023 2023 Total Funds 2023 Total Funds 2022 Tangible red assets Current assets Creditors due vrithin one year 2,789 123,028 {17.546) 2,789 239.734 (17,546) 4,482 247.047 133,847) 116,71 108.271 116,71 224,977 117,662 14 PENSION COMMITMEKrs The Charty operates a defined contribution pension scheme. The assets of the scheme are held separatety from those of the Charity in an independently administered fund. The pension cost charge represents contributions payable by the Charrty to the fund and amounted to £3,803 (2023.. £4.134). An amount of £Nil (2023: £Nil) was payable to the fund at the baL3nce sheet date. 15 RELATED PARTY TRANSACTIONS During the year. the Charty received donations of £960 net of gift aid relief from the Trustees (2023.. £1,230). The Charity has not entered into any related party transaCticS during the year or the prior year, nor are there any outstarKling balances wIng between related parties and the Charty as at 30 September 2024 (2023:nil).