Registsred number." 05795877 Charity number: 1114926 HUNTS FORUM OF VOLUNTARY ORGANISATIONS (A Company Limited by Guarantee) UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
HUNTS FORUM OF VOLUNTARY ORGANISATIONS (A Company Limlted by Guarantse) CONTENTS Page Referenc6 and Admlnlstrative Details of the Charitable company, its Trustea8 and Athiisors Trustees. Rèport Indepondent Examlnerfs Report Statement of Flnanclal Activlti 2-13 14 15 Balanca Sheet 16 Statement of Cash Flow8 17 Notes to the Financlal Statements 18-32
HUNTS FORUM OF VOLUNTARY ORGANISATIONS (A Company Limited by Guarantse) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024 Trustees R Elliott, Elected member N F Kearns, Elected member, Chair T Holliday, Elected member S Stones, Co-opted member C Tyrell-Jones, Elected member H J Williams, Co-opted member Company reglstered number 05795877 Charfty reglgtsred number 1114926 Roglstered offlco The Maple Centre 6 Oak Drive Huntingdon Cambridgeshire PE29 7HN Company Secretary D Middleton Chlef exocutive offlcer C J Farrow Accountants Streets Chartered Accountants Potton House Wyboston Lakes Great North Road Wyboston Bedford MK44 3BZ Page 1
HUNTS FORUM OF VOLUNTARY ORGANISATIONS (A Company Llmited by Guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their annual report together with the financial statements of the charitable company for the year from 1 April 2023 to 31 March 2024. The Annual Report serve5 the purposes of both a Trustees, report and a Directors, report under company law. The Trustees confirm that the Annual Report and financial statement5 of the charitable company comply with the current statutory requirements, the requirements of the charitable cornpany's governing document and the provision of the Statement of Recommended Practice ISORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS102) (effective 1 January 2015) a5 amended by Update Bulletin 1 (effective January 2015). Since the charitable company qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors, Report) Regulations 2013 has been omitted. Introduction In an ever-changing envlronment we continue to see economlc, social and political changes and the Impact they have on our communities. The 'ask' from our VCS has changed, as evident in our State of the Sector report, 'Out of Difficulties Grow Miracles. and our 'Faith, Hope and the Charity Sectorf report. Both reports demonstrated the vital work our sector does, whether that be by providing food, shelter, advice, or mental health support. and how our sector responds quickly to the needs within our communities. We continued to support, develop, guide and connect with VCS organisations and statutory partners, championing the work they do, and challenging partners when decisions are made without full engagement of the sector or our communities. Objectives and actlvltles . Strategles for achl•ving objectives We review the impact VR make each year. This review looks at what we have achieved and the success of each key activity and the benefits they have brought to voluntary organisations across Huntingdon5hire and the wider area. We have referred to the guidance contained in the Charrty Commission's general guidance on public benefit when reviewing our aim5 and objectives and in planning our future activities. b. Actlviti85 undertaken to achiove objeGtives All our charitable activities focus on voluntary organisations across Huntingdon5hire and the wider area. c. Main activltl8s undertaken to further the charitable company's purposes for the publlc benefit Our priority is to encourage (guide) support and develop voluntary, community and social enterprise IVCSE) organisations and individuals across the area of benefit to have a real influence over the places and communities in which they live. Our five strategic goals are- 1. To be the leading provider for information, research, advice & guidance for local voluntary & community action in Cambridgeshire. In particular to support smaller (local) voluntary and community groups. 2. To act as a catalyst for voluntary & community sector development by connecting and collaborating with any appropriate organisation. Page 2
HUNTS FORUM OF VOLUNTARY ORGANISATIONS (A Company Limited by Guarantee) TRUSTEES. REPORT ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Objectlves and activities (continued) 3. To impartially campaign, communicate and advocate on behalf of the voluntary & communty sector and engage in and influence relevant partnerships. 4. To develop the co-production of services with the voluntary & community sector, communities, public bodies and local businesses to create sustainable community action. 5. To ensure Hunts Forum is fit for purpose, independent, flexible and marketed effectively. We do this by Supporting Developing Guiding Cannectlng communities, charities & volunteers across Cambridgeshire. a strong VCSE that is adaptable and sustainable. our members, communities, and partners. our netsrk, working together to cultivate greater relationships. d. Polleles and objectlves Our charity'5 purpose5 a5 set out in the objects contained in the company's mernorandum of association are to.. Promote and improve the efficiency and effectiveness of registered charities in direct pursuit of their objective5 Provide advice, training and information on efficient and professional management of resources Act as an umbrella body The charity has been set up for general Charitable purposes wthin the meaning of English law. The alms of our charity are to encourage voluntary and community organisations wlthin the distrlct of Huntingdonshire and the surrounding area,. to provide buildings, facilities and open spaces., lo provide advocacy, advice and information. Our aim5 fully reflect the purp05es that the charity was set up to further. Achievements and perfomiance Review of activities How well did we meet our goals? We believe that the organisations we work with, and the wider voluntsry and Gommunity Sector play a vital role in ensuring that communities flourish, that individuals are supported and that inequalities are reduced. The work we do helps these organisations to do more, to work smarter and to maintain high standards. We have a strong and thriving voluntary sector in Huntingdonshire and the surrounding area, one that encourages communities to lead, prioritises health and well-being, promotes our area as a great place to live, work and visit and supports people during vulnerable times. With the challenges VCS organisations are facing as identified in our annual research we collaborated in Social Enterprise Consortium to support groups with 5UStainability. We continued to show leadership for the Support Cambridgeshire Consortium operating as the Lead Contracted Organisation for Cambridgeshire County Council's infrastructure grant funding. We encouraged further investment in joint activities with our partners recognising the importance of collaboration and delivery of consistent services and support. The consortium has Secured fvnding to support skills. volunteering and sustainability. Page 3
HUNTS FORUM OF VOLUNTARY ORGANISATIONS (A Company Limited by Guarantse) TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achievements and performance (continued) ortin We continued to offer 1.1 advice to established groups and newly formed organisations via zoom, telephone, and face to face meetings. 63 front line groups received 1.1 support. 171 enquiries dealt with. e¢iali5t su ort around fundin Ifinances We continued to help groups with funding, fundraising and finance issues., providing access to an experienced charity accountant who provides 1.1 support to groups in crisis. We continue to invest in a funding portal and are grateful for grants from Cambridgeshire County Council and South Cambridgeshire District Council. £823,655 brought into Cambrldgeshire this financial year vla the funding portal, Over 17,901 visits to the fvnding portal with 594 new users. 21 groups received 1..1 financial 5UPPOrt sessions. g organisations accessed specialist financial support "Thanks so much for your time this aftemoon. Whilst we may not have made any binding declslons, it's really helpful to know that there is an Impartial. knowledgeable and approachable contact whom we can turn to for advice, ideas. et¢" Good to Go Governance Mark Our 'Good to Go, accreditation scheme is an opportunity for organisations to evidence they are VRII govemed with sufficient internal controls, the framework for the scheme is based upon the evidence that core policies are fit for purpose and operating effectively across all levels of the organisation. 5 organisations achieved the Mark during the year 12 organisations supported to start it. isfoplt Develo in The training we provide is designed to give people real skills that can impact on how they work or volunteer. We offered a wide range of online, on deTnand and in person training during the year, including Trustee, First Aid, Strategy development and Engaging with Business. 21 sessions were delivered with 181 attendees from 95 drfferent or9anisations. 194 views of our on-demand videos "Definitely something to share with my fellow trustees- very well organised and enjoyable" Page 4
HUNTS FORUM OF VOLUNTARY ORGANISATIONS (A Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 AGhievgments and performance (continued) Good to Know bite sized knowled e sessions We introduced new bite-sized sessions during the year to connect members and organisations across different themes, for information, networking and engagement purposes. Utilising colleagues and organisations from across sectors we were able to deliver a range of informative events. Good To Know Wekw6ion&TO oi WThwto th•th p•K4•tyA(DBSthKbJ) higr•inNrwtr4ts•¥ty••nwng Xth July w¢Vg{¥•r¥•Y1 lyd AL¥ rn•dfwcM ul(Ork Chari able tradin Mid-way through the year, Support Cambridgeshire was approached to be part of a pilot funded by the Combined Authority looking at upskilling groups around ways to earn income through selling goods and services. This has led to a six-month pilot ending in March 2024, which sees a partnership between Social Enterprise Easl of England, Allia, PCVS, Cambridgeshire ACRE and Support Cambridgeshire. Where bespoke support is provided to groups, community buildings and social enterprises across the County to become more sustainable. 5 organisations received inlensive support 14 organisations received advice and guidance Volunteer Cambs In October, Support Cambridgeshire, with support from the Integrated Care System and Cambridgeshire and Peterborough Local Resilience Forum, launched the first phase of the new Volunteer Cambs web51te. A site where both organisations looking for support and those wanting to help out in their community can find each other. As reflected in the State of Sector 2023 report, volunteer recruitment in Cambridgeshire is getting more complicated, which was reflected nationally in the Time Well Spent report. This is why Support Cambridgeshire feels strongly about supporting those wishing to engage in their communities and those looking for support to have a fit-for-purpose contact point. Guidin The importance of our representation role was highlighted once again within our annual State of the Sector Survey where Cambridgeshire groups highlighted that they wanted to build more relationships. "We found that nearly three quarters (74°A) of organisations wanted support to build relationships with business and nearly two thlrds (630A) wanted help to build partnerships or relationships wlth other voluntary organisation5." Page 5
HUNTS FORUM OF VOLUNTARY ORGANISATIONS (A Company Limited by Guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 AGhlevements and pgrforniance (continuèd) We continue to champion the sector by attending meeting5 and influencing decision makers of the needs an challenges of the VCSE in our area. "Julia 1$ such a good advocat8 forthe VCS sector- because she has the ability to be challenging and forthrigh( whlle at the same tlme always being positlve, pleasant and in control. IVS boen a pleasure working with her." •é Voluntary Sector Network We supported the continuing development of the VCSE Health Alliance, whlch went through a rebranding exercise to become the Voluntary Sector Network. It is responsible for developlng and embedding ways in which grassroots charitable and non-profit organisalionshave a greater voiGe and influence in the Integrated Care Sector (ICS). It also provides direct access to ICS leadership and govemance structures. The Cambridgeshire and Peterborough Voluntary Sector Network sees its vision as developing a vibrant and thriving VCSE sector within the ICS, driving health and wellbeing in our communilies in an inclusive and empowering way. The network holds monthly meetings, altemating online and face-to-face in locations across Cambridgeshire & Peterborough. We are passionate about our local voluntary and community sector and see this partnership as leadlng the way to greater Influence our local care and heahh setvices. We are always looking ft)r new people fmm any voluntary or soelal enterprise, big or small, and faith gmups to Jain the membership and get Involved., Connectin For the first time we commissioned exiernal research into the Faith Sector, helping us to get a greater understanding of their work and what support needs they may have. We also explored how to connect them to other VCS organisations in their area. We increased the number of informal nelworking events to ensure group5 could get the support they needed when they needed it. In addition to the Informal neOrkIng events, we continued to run specialist sessions enabling participants to hear from expert speakers about particular issues and to share experiences. Ctoo ceonetwofk A network to bring CEO and senior managers together in a safe space to di5CUSS challenges and opportunities. Four events took place over the year, a total of 66 attendees. "Just wanted to say thank you fora great meeting today. It seems a very supportive nehvork, which I am really pleased to be a part of. l am looking fi?Thvard to future meetingsllj Page 6
HUNTS FORUM OF VOLUNTARY ORGANISATIONS IA Company Llmited by Guarantee) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Achievements and performance {contlnued) Ith& Network A neOrk which allows voluntary and community groups and health professionals to meet. Over the year, a total of eight online events were held with over 176 attendee$ including community groups, charities and healthcare professionals. Topics explored how to connect with your Social Prescribing Link Workers, leaming about the JOY, digital access, mental health and an introduction to Volunteer Cambs a new one stop shop for volunteering. "Many thanks for facilitatlng today's networklng event- It was really Informatwe" Fundraiser NeIOrk The Fundraiser Network provides the space groups have asked for., they meet online quarterly and use Slack to share information, events and updates in between the meets'ngs. Recent di5CUS5ion topics have included.. Shared experiences on applying for grants, sharing tips and ideas. Upcoming key grants, deadline8 and requirements. They also explained how they can support charities in other ways including offering venue Spaces and advertising in their local stores. .1 wanted to take the opportunity to thank you for all your support. I really valued your Ideas, support and being part of the fundlng group" Connectin Communities An annual volunteering event over three days which alms to upskill and broaden the conversation around volunteering and volunteer management. of those who attended rated the event 0 515. with 48/0 rating it 415. , *+**+ We asked individua15 to rate the event and tell us the impact it would have on both thpm and their organisation i9.1, Agreed wilh the statement "Ihove will aineo something today rhaL enefii my or,gonisntioii' with 37/. 'Strongly agreeing with that staterllent 67/ iéed witii the >t¢atemeiit "Tgf. 01 s pveni will suppoi't OLir oigaiiisotion's developnier)I iiioviiic¢ fnri4Jnrd ' with 26 /. 'Strongly agreeing, with that 5tdteinent Page 7
HUNTS FORUM OF VOLUNTARY ORGANISATIONS IA Company Limited by Guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achlevements and performance (continued) Governance Month Support Cambridgeshire partners delivered a range of events that fall under the Governance theme, which wa5 an adaptson of the previous year's events, which looked explicitly at trusteeship. 5 events attended by 60 individuals 'Thank you so much for such an Interestlng and Inft1rn78tive talk regardlng the dutles and responslbllltle$ of trustees. Although I've been a trustee for almost 20 years, your talk and qulzzes added Ilesh to the bones of what my dutles involvedl" Annual Cel br ion of the sector Volunteer Awards - working with local businesses and promote good works and celebrate all that volunteers do for and within our cammunities 60 attendees 6 winners from a range of groups "Thank you for your effort In recognising the work of 50 many volunteers in Huntingdonshlre. They are so important in so many way5. Congratulatlons on another well planned. perfectly run and really very nice awards evening." Communications Communication plays a huge role in ensuring groups have access to upto-date informatlon enabling them to respond quickly and effectively to the needs in their communitie3. We work under three main banners to get infomiation out to groups. Hunts Forum members Website - 6,400 862 Recipien15 of our newsletter wlth 588 subscribers Funding Alert- 449 subscribers Twtter- 1,165 followers Linkedln- 529 followers 79% Increase Facebook- 404 foll0vr$ 1,400 Interactions 600/0 increase 'Hunts Forum Linked In account Is a brllllant example of how charftles can use social medla well. Clearly understand their audlence and what they need. The pace, tone and content (their own news and sharing others) fflakes thelrposts somethlng I look out for in my feed., Trustee of one of our member organlsations- Support Cambridgeshire Website - 12,000 Newsletter- 652 subscribers 'The Newsletter is such a helpful resource as a Trustee. A great mix of updates on what Is happening locally, and Ilnk5 to relevant national news andguldance. And the format is easy to navigate- enough to know what I'm looklng at and whether it's relevant, but not too much in the newsletter to make it unreadable., Trustee of one of our member oryanisations.- Page 8
HUNTS FORUM OF VOLUNTARY ORGANISATIONS (A Company Limitsd by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achiovements and performance (continued) Voluntary Sector Network Newsletter- 96 subsGribers 320k increase Communit Develo ment Hunts Forum is based in and run5 the Maple Centre on the Oxrnoor estate, one of the most deprived areas in Cambridgeshire. The Centre is the base for 6 organisations who are also our members, we provide meeting and training rooms. The Centre is owned by Huntingdonshire District Council and tTanaged on their behalf by Hunts Forum. Since the pandemlc we've seen the number of users drop by 45%, tenants have also reduced the number of tlmes they frequent the building. Recognising that we needed to do more to encourage people back into the Centre, we refurbished our meeting room turning it into a hybrid meeting space, we modernised the foyer with a new coffee station and athork. We relaunched the centre's facilities at an event with Members and partner organisations which enabled us to demonstrate the effective use of the building, hybrid meeting rooms nefvrfork and to remind people about the value of face-to-face connections. Flnanclal revlew . Overvlew Income for 2023-24 was £442,933 compared to £308,258 in the previous year, an increase of 430A. This was mainly due to new grants received for various projects, including £70,000 for the Health Alliance project (now renamed Voluntary Sector Network), £24,920 for the Allia project and £22,650 for the Know Your Neighbourhood project. The Maple Centre rental Income remalned at full capaclty for most of the year with income increasing by 10/0 to £46,068 and room hire increasing by 270/0 to £8,110, reflectsng the demand for our room facilities. With the increase in interest rates during 2023-24, we were able to increase our return on bank interest which was £7,456 compared to £3,269 in the previous year, a 128% increase, Expenditure for 2023-24 was £568,183 compared to £468,989 in the previous year, an increase of 210. Most of this increase was due to payroll cost5 up 200h to £284,013, where we employed extra staff resources. We also spent more on associate fees (consultants) to assist with our delivery of services. Although the charity had a deficit of £125,250, this mostly reflected the spending of restricted funds brought forward from 2022-23, with only £14,701 of the deficit taken from unrestricted fund balances. Total fund reserves on 31 March 2024 were £295,642, backed up by healthy cash balances of £299,624. b. Golng concem Hunts Forum continues to work hard to ensure its operational future. Our influence within Huntingdonshire and surrounding areas has enabled us to increase our contractual commitments during 2024-25, including a 5-year funded project in Fenland, with the grant coming from the National Lottery amounting to £494,555. We continue to adopt the going concern basis in preparing the financial statements. The trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. Following our successful tender to renew our Countywde infrastructure grant. Page 9
HUNTS FORUM OF VOLUNTARY ORGANISATIONS (A Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 c. Reserves policy In accordance with guidance given by the Charity Commission and the legal obligations of Trustees, a formal policy on reserves has been agreed. The Trustees have set a policy Ithich requires reserves to be maintained at a level that ensures the organisation's core activity could continue during a period of unforeseen difficulty. In setting the level of resereS the Trustees have considered the reliabilty of income and the financial risk facing the Charity. The Trustees have concluded that the charity should hold reserves sufficient to fund the organisational costs for 3 months, giving time to consider their options and find a soluts'on lo any potential difficults-es that may arise. This level of reseprfes has been calculated at £141,992. As at 31 March 2024 the level of free unrestricted reserves was £195,027. This 15 above the level required In our policy, Ihough as our organisational costs rise, the level of unrestncted reserves required will move closer to the 3 months organisational costs guidance in our policy. Structurei govamance and management . Constltution Hunts Forum of Voluntary Organisations is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association. b. Methods of appointment or olection of Trustees The management of the charitable company is the responsibility of the Trustees who are elected and COwOPted under the terms of the Articles of Association. The Trustees who have served during the year are set out on page 1. The Trustees are elected annually by members of the charity and serve for an initial period of three years. A further three-year term may be served. Trustees must be nominated by member organisations. The Board may also co-opt individuals with the skills and experience required to SUPPOrt the direction of the charity, such individuals must not exceed 500h of the total number of elected members. These co-opted Trustees shall be eligible for re-appointment provided they do not hold office for more than six consecutive years. All members of the Executive Committee glve thelr time voluntarily and receive no benefits from the charlty. Any expenses reclaimed from the charity are set out in note 11 to the accounts. All members are circulated with invitation5 to nominate trustees prior to the AGM advising them of any retiring trustees and requesting nominations for the AGM. Trustees are required to declare all relevant interests and register them with the Company Secretsry and, in accordance with organisational policie5, Wlthdraw from decisions vthere a conflict of interest arises. c. Policies adopted for the induction and training of Trustees New trustees are provided with a trustee induction pack and receive orientation to brief them on their legal obligations under charity and company law, the content of the Memorandum and Articles of Association, the commFttee and decision-making processes, the business plan and recent financial performance of the charty. During induction they meet key employees and other trustees. Trustees are encouraged to attend appropriate training events where these facilitate the undertaking of their role. Page 10
HUNTS FORUM OF VOLUNTARY ORGANISATIONS IA Company Limited by Guarantee) TRUSTEES. REPORT ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 struGture¥ governancg and managemgnt Iconlinued) d. Oryanisational structure and declslonwmaking pollcies The members of the Forum shall be those voluntary organisations andlor statutory authorities operating in the area of benefit and pursuing any of the said objects which are invited to appoint a number of individuals to represent such organisation5 Qr authorities as the Forum may from time to time determine. These members wll form the Executs've Committee and administer the charty. Trustees meet bi-monthly and are responsible for the strategic direction and policy of the charity. A Chief Executive is appointed by the trustees to manage the day-to-day operations of the charity. To facilitate effective operations, the Chief Executive has delegated authority, within terms of delegation approved by the trustees, for operational matters including finance, employment and ensuring key perfomiance indicators are met. e. Pay pollcy for key management personnel The charity refer3 to the NJC pay scales as a basis for all staff salaries, including the CEO, but the charity may use other pay scales more appropriate to the position. f. Related party relationshlps The charity has close working relationships with Huntingdon5hire District Council, Cambridgeshire County Council, Cambridgeshire and Peterborough Integrated Care System and Cambridgeshire and Peterborough Combined Authority who provide essential core funding. Hunts Forum of Voluntary Organisations works with other charities and is the lead partner for Support Cambridgeshire which is a consortium of infrastructure organisations that delivers countywide support to community, voluntary group5 and parish councils enabling them to survlve and thrive. Hunts Forum of Voluntary Organisations joined a new Impact Consortium funded by Cambridgeshire and Peterborough Combined Authority, consisting of SEEE, Allia, Cambs ACRE. Cambs CVS, and PCVS. The consortium aims to support voluntary, community and Social enterprise5 to become more 5U5tainable by trading. All partner organisations are strongly committed to partnership working in order to add value and strengthen core activities and, that all front-line organisation5 should have acce55 to the same quality services wherever they are. g. Financial risk management The Trustees examine the major risks which the charity faces in relation to external factors and relationships, its govemance and management, its internal operations and its business. A risk register has been established and is updated annually. Where appropriale, systems or procedures have been established to mitigate the risks the charity faces. A strategic plan and an annual budget approved by the Trustees. Regular consideration by the Trustees of financial results, variance from budgets and perfomiance against the non-financial plan Health and safety of staff, volunteers and visitors to the Maple Centre Emergency and contingency plans in the event of fire, electn'cal malfunction and food hygiene. Page11
HUNTS FORUM OF VOLUNTARY ORGANISATIONS (A Company Limited by Guarantee) TRUSTEES. REPORT ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Structure, governance and management (continued) A key element in the management of financial risk is the setting of a reserves policy and its regular review by Trustees. The internal financial controls confomi to guidelines issued by the Charity Commission. Plans for future periods Significant changes are on the way for Hunts Forum and its Support Cambridgeshire partner Cambridge Council for Voluntary Service, with the announcement of the retirement of the current CEO in April 2025; and the rollout of recent five-year funding from the National Lottery Community Fund to deliver dedicated Infrastructure support in Fenland. Succession Planning by the board of trustees is underway and wll include all options to ensure the future sustainability of the organisation and its partners. This will include proposals to rename Hunts Forum as Support Cambridgeshire and Merge with Cambridge Council for Voluntary Service. An action plan to engage and consult with staff, Stakeholders and members is being co-ordinated by a steering group from both organisations. Staff will continue to support the sector by: Supporting Developing Guiding Connecting communities, charities & volunteers across Cambridgeshire. a strong VCSE that is adaptable and sustainable. our members, communities, and partners. our nerk, working together to cultivate greater relationshlps. We wll continue to develop our relationships with the Impact Consortium 1dent1.ng how the newly developed Social Enterprise Strategy can $upport the sustsinability of the VCSE. As we embark on the National Lottery Community Fund Five-year Support Fenland project, we will recTuIt new staff to ensure the VCSE in Fenland gets the support and development it needs. Statement of Trust608' responsibilities The Trustees (vtho are also the directors of the charitable company for the purposes of company law) are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standard5 (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustee5 to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial ststements unless they are satisfied that they give a true and fair view of the stste of affairs of the charitable company and of its incoming resources and application of resources, including its income 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 principle5 of the Charities SORP (FRS 1021", make judgments and accounting e5timate5 that are reasonable and prudent; State whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial 5tatements- prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charitable company will continue in business. Page 12
HUNTS FORUM OF VOLUNTARY ORGANISATIONS (A Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Statement of Trusto8s' responsibilities (CONTINUED) The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose wth reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the member5 of the board of Trustees and signed on their behalf by.. o I N F Kearns Chair of trustees Date: 25 September 2024 Page 13
HUNTS FORUM OF VOLUNTARY ORGANISATIONS (A Company Limlted by Guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 Independent Examlner's Report to the Trustees of Hunts Forum of Voluntary Organisations Ilh8 charitable company.) I report to the charity Trustees on my examination of the accounts of the charitable company for the year ended 31 March 2024. Responsibllltles and Basls of Report As the Trustees of the charitable company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charitable company's accounts carried out under section 145 of the Charities Act 2011 (Ihe 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent Examinor's Statement Since the charitable company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confimi that l am qualified to undertake the examination because l am member of Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confimi that no matters have come to my attention in connection vAth the examination giving me cause to believe: accounting records were not kept in respect of the charitable company as required by Section 386 of the 2006 Act; or the accounts do not accord )Atyth those records; or the account$ do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'tnJe and fairf view which is not a matter considered as part of an independent examination; or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charits-e5 lapplicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. I have no concems and have come across no other matters in connection the exarnination ta which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. This report is made solely to the charitable company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charitable company's Trustees those matters l am required to state to them in an Independent Examinerfs Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibilty to anyone other than the charitable company and the chantable company's Trustees as a body, for my work or for this report. Signed: Dated.. q occuvw ts24 Linda J Lord Bsc BFP FCA TEP Streets Chartered Accountants Potton House, Wyboston Lakes, Great North Road, Wyboston, Bedford MK44 3BZ Page 14
HUNTS FORUM OF VOLUNTARY ORGANISATIONS (A Company Limited by Guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 Unrestrlctad funds 2024 Restricted funds 2024 Total funds 2024 Total runds 2023 Note Incom• from: Donations and legacles Charitable activities Investments 141 78,913 7,456 250 304, 739 3,269 356,423 435,336 7,456 Total Income 86,510 356,423 442,933 308,258 Expenditure on: Charitable activities 88,694 479,489 568,183 468, 989 Total expendlture 88,694 479,489 568,183 468,989 Net expendltura Transfers between funds (2,184) 112.517) (123,066) 12,517 1125,250) (160, 731) 15 Net movomant in funds 114,701 (110,549) 1125,250) (160,731) Roconclllation of funds: Total funds brought forward Net movement in funds 209,728 (14,701) 211,164 111 D,549) 420,892 (125,250) 581,623 (160, 731) Total funds carrled forward 195,027 100,615 295,642 420,892 The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on page$ 18 to 32 form part of these financial statements. Page15
HUNTS FORUM OF VOLUNTARY ORGANISATIONS IA Company Limited by Guarantee) REGISTERED NUMBER: 05795877 BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Note Fixed assets Tangible assets Current assets 12 16.245 17,951 Debtors Cash at bank and in hand 13 41,369 299,624 8,294 531, 759 340.993 540,053 Credltors: amounts falling due vththin one year 14 161.596) (137, 112) Net current assets 279,397 402,941 Totsl assets less current liabilities 295.642 420,892 Total net assats 295.642 420,892 Charfty funds Restricted funds Unrestricted funds 15 15 100,615 195,027 211,164 209, 728 Total funds 295,642 420,892 The charitable company was entitled to exemption from audit under sectlon 477 of the Companies Act 2006. The members have not required the company to obtaln an audit for the year in question in accordance wlth section 476 of Companies Act 2006. The Trustees acknowledge their re5ponsibilits'e5 for complying with the requirements of the Act with respect to accounts'ng records and preparats.on of financial statements. The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. The financi I statements were approved and authorised for issue by the Trustees and signed on their behalf by.. N F Kearns Chair of trustees Date.. 25 September 2024 The notes on pages 18 to 32 form part of these financial statements. Page 16
HUNTS FORUM OF VOLUNTARY ORGANISATIONS (A Company Limited by Guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Cash flows from operatlng activities Net cash used in operating activities (234,574) 140,834 Cash flows from Investlng actlvltl Dividends, interests and rents from investments Purchase of tsngible fixed assets 7,456 (5,017) 3,269 (1,075) Net cash provlded by Investlng actlvltles 2.439 2,194 Cash flowg from flnanclng activities Net cash provldod by flnanclng actlvltles Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning ofthe year 1232.135) 531.759 143,028 388, 731 Cash and cash equlvalents atthe end of the year 299,624 531,759 The notes on pages 18 to 32 fomi part of these finanGial statements Page 17
HUNTS FORUM OF VOLUNTARY ORGANISATIONS (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 General inforniation As set out in the Trustees. Report, Hunts Forum of Voluntary Organisations is a incorporated charity registered in England and Wales. The address of their registered office is The Maple Centre, 6 Oak Drive, Huntingdon, Cambridgeshire PE28 7HN. The financial ststements a prepared in sterling, which is the functional currency of the entity. Accounllng pollcles 2.1 Basis of prgparatlon of flnanclal statsments The financial Statements have been prepared in accordance Viith the Charities SORP (FRS 102) Accounting and Reporting by Charities- Statement of Recommended Practice applicable to charities preparing their accounts in accordance llth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Hunts Forum of Voluntary Organisations meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unle55 othenvise stated in the relevant accounting policy. 2.2 Going concem The trustees assess ether the use of going concern is appropriate, l.e. whether there are any material uncertaints-es related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements. 2.3 Fund accounting General funds are unrestricted funds which are available for use at the dlscretlon of the Trustees in furtherance of the general objectives of the charitable company and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charitable company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Investment income, gain5 and1055es are allocated to the appropriate fund. 2A Income All income is recognised once the charitable company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the seTViCe. Page 18
HUNTS FORUM OF VOLUNTARY ORGANISATIONS (A Company Llmlted by Guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (continued) 2.6 Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charitable company,. this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. 2.6 Exp8nditur8 Expenditure is reGognised once there is a legal or constructive obligation to transfer economic benefit to a third paty, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basls. All expenses including support costs and govemance costs are allocated to the applicable expenditure headlng. Expendlture on charitable activities Is Incurred on directly undertaking the activlties which further the charitable company's objectives, as well as any associated support costs. 2.7 Tangible fixed assets and depreciation Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tsngible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Depreciation Is charged $0 as to allocete the cost of tanglble fixed assets less their resldual value over their estimated useful liyes. Depreciation is provided on the following bases.. Fixtures and fittings Office equipment 100/0 per annum straight line 20% per annum straight line 2.8 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 2.9 Cash at bank and in hand Cash at bank and in hand includes cash and short-temi highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 2.10 Liabllltles and provlslons Liabilitie5 are reGogni5ed when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Creditors and provision5 are normally recognised at their settlement amount after allowing for any trade discounts due. Page19
HUNTS FORUM OF VOLUNTARY ORGANISATIONS {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Continued) 2.11 Financlal instruments The charitable company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective Interest method. 2.12 Opgratlng leasos Rentsls paid under operatbng leases are charged to the Statement of Financial Activities on straight line basis over the lease term. 2.13 Ponslons The charitable company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charitable company to the fund in respect of the year. Crltlcal accounting 8Stimates and areas of judgment Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Critical accounting estimates and assumptions: Allocation of cosls - Direct expenses are charged to individual cost centres wherever possible. Where costs cannot be directly attributed to particular activits'es, they have been allocated on a basis consistent with the use of those resources. The charitable company makes estimates and assumptlon5 concerning the future which VAII. by definition, seldom equal the related actual results. There 1$ a risk that the estimates and assumpts'ons made at any point in time could have a matenal effect on the carrying amounts of assets and liabilities in the next financial year. Income from donations and legacios UnrwJtricted funds 2024 Total funds 2024 Total funds 2023 Donations 141 141 250 Total 2023 250 250 Page 20
HUNTS FORUM OF VOLUNTARY ORGANISATIONS (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Income from charltable activities Unrestrlcted Restricted funds funds 2024 2024 Total funds 2024 Total funds 2023 Charitable setvices 78,913 356,423 435,336 304, 739 Tot812023 77,275 227,464 304, 739 Investment Income Unrestricted funds 2024 Total fund5 2024 Tot81 funds 2023 Interest received 7,456 7,456 3,269 Total 2023 3,269 3,269 Analys1$ of expenditure on charitable activities Summary by fund typo Unrestrlcted funds 2024 Restricted funds 2024 Total 2024 Total 2023 Charitable services 88,694 479,489 568,183 468,989 Total 2023 252, 151 216,838 468,989 Page 21
HUNTS FORUM OF VOLUNTARY ORGANISATIONS (A Company Llmlted by Guarantea NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analysls of expenditure by activltl8s Actlvlties undèrtaken dlrectly 2024 Support costs 2024 Total funds 2024 Total funds 2023 Charitable ser¥ices 189,820 378,363 568,183 468,989 Total 2023 143, 152 325,837 468,989 Analysis of dlrect costs Total funds 2024 Total funds 2023 Consultant and associate fee5 Partnership payments 65,410 124N10 12,575 130,577 189,820 143,152 Page 22
HUNTS FORUM OF VOLUNTARY ORGANISATIONS (A Company Limit8d by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analysis of expenditurg by actlvltles (continued) Analysls of support costs Total funds 2024 Total funds 2023 Staff costs Depreciation Office costs Travel and subslstence Refreshments Rent and rates 284,013 6,724 14,929 2,201 2,690 5,875 6,886 4,821 3,232 3,238 4,875 9,818 2,187 8,S38 336 14,189 3,811 236,615 6,221 14,039 1,891 2,263 362 Light and heat Property maintenance Insurance Cleaning and waste disposal Telephone Training costs Sub3cnptions and books Repairs and renewals Miscellaneous Webslte development Govemance costs 6,908 15,060 1,327 2,696 3,396 7,626 1,627 3,880 755 18,094 3,077 378,363 325,837 Independent examlner's remuneratlon The independent examiner's remuneration amaunts to an independent examiner fee of £1,900 (2023 £1, 700). Page 23
HUNTS FORUM OF VOLUNTARY ORGANISATIONS (A Company Limited by Guarants8) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 10. Staff costs 2024 2023 Wages and salaries Social security costs Contribution to defined contributlon pension schemes 255,487 17,742 10,784 217,203 14,755 4,657 284,013 236.615 The average number of persons employed by the charitable company during the year was as follows: 2024 2023 Staff 10 The average headcount expressed as full-time equivalent5 was.. 2024 No. 2023 Staff No employee received remuneration amounting to more than £60,000 in either year. The key management personnel of the charity comprise the trustees and the Chlef Executive Officer. The Trustees all give their time voluntarily, and the total remuneration paid to key management personnel during the year was £58,584 (2023 £45,638). 11. Trustees. remunoration and expens•s Durlng the year, no Trustees received any remuneration or other benefrts (2023 - £NIL). During the year ended 31 Marth 2024, expenses totalling £NIL were reimbursed or paid directly to Trustee (2023 - £NIL). Page 24
HUNTS FORUM OF VOLUNTARY ORGANISATIONS (A Company Limtted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 12. Tangible fixed assots Flxtures and fittings Office equipment Total Cost or valuatlon At 1 April 2023 Addits'ons 23,834 3,575 28,495 1,442 52,329 5,017 At 31 March 2024 27,409 29.937 57,346 Depreclatlon At 1 Apnl 2023 Charge far the year 16,389 2,264 17,989 4,459 34,378 6,723 At 31 March 2024 18,653 22,448 41,101 Net book value At 31 March 2024 8,756 7,489 16,245 At 31 March 2023 7,445 10,506 17,951 13. Debtors 2024 2023 Due within one year Trade debtors Prepayment5 and accrued income 26,156 15,213 4,952 3,342 41,369 8, 294 Page 25
HUNTS FORUM OF VOLUNTARY ORGANISATIONS (A Company Llmited by Guarant88) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 14. Creditors: Amounts falllng due wlthln one year 2024 2023 Trade creditors Other taxation and social security Accruals and deferred income 26.472 S.885 29,239 3,121 4.530 129.461 61,596 137,112 2024 2023 Deferred income at 1 April 2023 Resources deferred during the year Amounts released from previous periods 121,333 21,333 (121,333) 21,333 121,333 (21,333) 21,333 121,333 Page 26
HUNTS FORUM OF VOLUNTARY ORGANISATIONS {A Company Llmlted by Guarant881 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 15. Statement of fund8 Statement of funds - current year Balance at 31 March 2024 Balance at 1 Aprll 2023 Transfers Inlout Income Expanditure Unrestrlcted funds General Fund Maple Centre Fund 174.728 35,000 29,066 57.444 (22,290) {66,404) 121,477) 8,960 160,027 35,000 209,728 86,510 188,694) {12,517) 195,027 Restrlcted fund8 Fixed Asset Reserve Support Cambridge8hire- ccc HDC ICS Core ICS Main ICS PHM ICS Voluntary Sector NebNork Know Your Neighbourhood Support Fenland- National Lottery Allia NAVCA Combined Authority Skills 17,951 (6,723) 5,017 16,245 11.993 128.703 62,400 40,000 1142,939) 162,400) 149,7971 173,5811 (15,719) (66,397) (23,128) 7,500 5,257 13,741 151,510 15,719 77,929 70,000 22,650 3,603 1478 (1,250) 124,751) {2501 (12,5541 (1,250) 169 24,920 250 7,750 {4.804 211.164 356,423 (479,489) 12,517 100,615 Total of funds 420,892 442,933 1568,183) 295,642 Page 27
HUNTS FORUM OF VOLUNTARY ORGANISATIONS (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 15. Statement of funds (continued) Statement of funds - prior year Balance at 31 March 2023 Balance at 1 Apnl 2022 Translers in/out Income Expenditure Unrestricted funds General Fund 204,882 35,000 25, 196 55, 598 (42,384) (67,490) (12,966) 11,892 174, 728 35,000 Maple Centre Fund 239,882 80, 794 (109,874) (1,074) 209, 728 Restrlctsd funds Fixed Asset ReseNe Support Cambridgeshire - ccc HDC Huntingdon Freemen's Trust CCG CCG ICS CCH PHM Fenland Enhanced Support NAVCA 23,097 (6,220) 1,074 17,951 14,284 129,000 62,300 (131,291) (62,300) (8,025) (7,696) (55,441) (34,034) (44,358) (9, 750) 11,993 8,025 4,023 206,951 49, 753 35, 608 17,414 13,741 151,510 15,719 8, 750 10,000 250 341,741 227,464 (359,115) 1,074 211,164 Total of funds 581, 623 308,258 (468,989) 420,892 Page 28
HUNTS FORUM OF VOLUNTARY ORGANISATIONS IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 1S. Statement of funds (contlnued) Unrestrlcted funds General Fund The General Fund represents those funds which are not restricted and not designated for specific purposes. Transfers from the general fund represent contributions to maintain the designated Maple Centre Fund and addition5 to the Fixed Asset ReseNe. le Centre The Maple Centre Fund VRS created to provide fund5 for building repairs and renovations. The trustees are ccmmitted to maintaining the designated fund balance at £35,000. Restrictsd funds Fixed Asset Reseple - The Fixed Asset Reserve Fund represents the value of assets bought for the use of the charity, wth additions being recognised by transfers from general or restricted funds. Depreciation has been charged to the fund, reducing the fund balance over the life of the assets. ort Cambrid eshire - CCC - Funded by Cambridgeshire County Council, Suppcrt Cambridgeshire is a consortium that provides infrastructure support to voluntary and community groups across Cambridgeshire. Hunts Forum lead5 the consortium which includes Cambridge CVS. Funding is ommitted to March 2026. Direct and indirect expenditure 15 charged to this fund. un don District Council HDC The charity receives a grant from Huntingdon District Council to increase the capacity of the voluntary sector in Huntingdonshire. Direct and indirect expenditure is charged to this fund. ICS Core (fomerly CCGI - The Cambridgeshlre and PeteOrOUgh Integrated Care System gave £17,414 in 2022-23 and a further £40,000 in 2023-24 to enable Hunts Forum to represent, support and communicate with the voluntary and community sector. S MAIN {formerly CCG - ICS) The Cambridgeshire and Peterborough Intergrated Care System provided £210,000 to enable Hunts Forum to participate In work to establish and develop Voluntary, Community and Social Enterprise (VCSE) in the local area. The project was agreed in March 2022 and work continued into 2023-24 and is ongoing in the current period. ICS PHM (fomerly CCG - PHM) - In 2022, the Cambridgeshire and Peterborough Intergrated Care System provided £50,000 to fund engagement across Cambridgeshire & Peterborough, Hunts Forum facilitated this engagement. The project finished during 2023-24. ICS Volunta Sector Network (formerly Health Alliance) £70,000 was provided in 2023-24 for secretariat support for the Health Alliance. Costs will cover Hunts Forum's Project Support Officer, a part time programme director and some funds ringfenced for partner time attending meetings. Know Your Nei hbourhood Thi5 new funding targeting Fenland is managed by Cambridgeshire Community Foundation, the purpose of which is to increase volunteering in Fenland. The funds were awarded to CCVS (lead) and Hunts Forum receive part of this funding for staff time on the Volunteer Cambs Portal (our new Volunteering Portal). Su ort Fenland National Lotte A recent award of a five-year funding from the National Lottery Comrnunity Fund to deliver dedicated infrastructure support in Fenland. Some initial start up costs have been incurred prior to the project commencing in the summer of 2024. Hunts Forum and CCVS will be delivering this project with 3 staff directly employed. Page 29
HUNTS FORUM OF VOLUNTARY ORGANISATIONS (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 15. Statement of funds (continued) Allia C&P Combined Authority funding to support VCSE groups (particularly CICS) trade,. this pilot project a collaboration between Allia, SEEE, Cambs ACRE, CCVS, PCVS & HF, will provide specialist support to identified groups. NAVCA - The National Assoclatlon for Voluntary and Community Action (NAVCA) provided a grant of £10,000 In 2022-23. to help support comminities in the cost of living crisis. The final grant of £250 was paid out in April 2023 and the project has now finished. Combined Authori Skills -This project looks at how can support Cambridgesh1 charfties and community groups to deliver more activity that supports people Into skills and employment. It also supports organisations to apply for and deliver projects under the new grant funding provided by the Combined Auihority through Cambridgeshire Community Foundation <CCF}. 16. Summary of funds Summary of funds - current year Balance at 31 March 2024 Balance at 1 April 2023 Transfers Inlout Income Expenditure General funds Restricted funds 209,728 211,164 86,510 356,423 188,694 (479,489) (12,517) 12,517 195,027 100.615 420,892 442,933 {568,183) 295,642 Summary of funds - prior year B818nce 8t 31 March 2023 Balance at l Apnl 2022 Transfers in/out Income Expenditure General funds Restricted funds 239,882 341,741 80, 794 227,464 (109,874) (359, 115) (1,074) 1,074 209, 728 211,164 581,623 308,258 (468,989) 420,892 Page 30
HUNTS FORUM OF VOLUNTARY ORGANISATIONS (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 17. Analysis of net assets between funds Analysis of net assets between funds - current period Unre8trlcted Restrlcted fund5 fund5 2024 2024 Total funds 2024 Tangible fixed assets Current assets Creditors due within one year 16,245 136,313 (51,943) 16,245 340.993 (61,596 204,680 (9,6531 Total 195,027 100,615 295,642 Analysls of not asBets bgtween fundg - prlor perlod Unrestricted funds 2023 Restricted funds 2023 Tot81 funds 2023 Tangible fixed assets Current assets Creditors due within one year 17,951 17,951 321,078 540, 053 (127,865) (137, 112) 218,975 (9, 247) Total 209, 728 211, 164 420,892 18. Reconciliation of net movement In funds to net cash flow from operating activlties 2024 2023 Net expenditure for the period (as per Statement of Financial Activities) {125,250) (160,731) Adjustments for: Depreciation charges Dividends, interests and rents from investments Decreasel(increasel in debtors Decrease in creditors 6,723 (7,456> (33,075) (75,516) 6,221 (3,269) 951,837 (653,224) Net cash provlded byl(used in) operating activities 1234,574) 740,834 Page 31
HUNTS FORUM OF VOLUNTARY ORGANISATIONS (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 19. Analysls of cash and cash equivalents 2024 2023 Cash in hand 299.624 531,759 Totsl cash and cash equlvalents 299,624 531,759 20. Analysls of changes In net debt At 31 March 2024 2023 Cash flows Cash at bank and in hand 531.759 1232,135) 299,624 531,759 1232,136) 299.624 21. Members. Ilablllty Each member of the charitable company undertakes to contribute to the assets of the company in the event of it being wound up while helshe is a member, or within one year after helshe ceases to be a member, such amount as may be required, not exceeding £10 for the debts and liabilities contracted before helshe ceases to be a member. 22. Rolated party transa¢tlon8 All member organisations pay a nominal annual subscription in addition to fees for room hire and other services, as approprtate. A number of the Trustees and key management personnel are connected to members and other organisations. No one person is considered to be in a position to exercise significant influence over these organisations and consequently no related party transactions are dedared in these financial statements. H J Williams, Trustee of Hunts Forum is also a Director and shareholder of Keystone Marketing Limited. There were no related paty transaction5 in the year. Page 32