COMPANY REGISTRATION NUMBER: 05860971 CHARITY REGISTRATION NUMBER: 1116430
Community And Voluntary Action Blyth Valley Company Limited by Guarantee Unaudited Financial Statements 31 March 2022
Community And Voluntary Action Blyth Valley
Company Limited by Guarantee
Financial Statements
Year ended 31 March 2022
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent examiner's report to the trustees | 4 |
| Statement of financial activities (including income and | |
| expenditure account) | 5 |
| Statement of financial position | 6 |
| Notes to the financial statements | 7 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 16 |
Community And Voluntary Action Blyth Valley
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 March 2022
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2022.
Reference and administrative details
Registered charity name
Community And Voluntary Action Blyth Valley
Charity registration number 1116430 Company registration number 05860971
Principal office and registered 22 Beaconsfield Street office Blyth Northumberland NE24 2DP
The trustees
D.F. Vaughan M. Beresford D. Johnston P. Smith (Appointed 2 March 2022) C. Nicholson (Appointed 2 March 2022)
Company secretary T.S. Bradley Resigned 2 March 2022 Independent examiner Jane Freeman 58 Durham Road Birtley Co Durham DH3 2QJ
We are a company limited by guarantee, not having a share capital, and a Registered Charity (No 1116430). We have operated successfully within the terms of our Memorandum and Articles of Association since our formation on 28 June 2006. The premises from which we operate are occupied on a rent-free lease, with well over sixty years left to run. Our Bankers are Unity Trust Bank, Nine Brindley place, Birmingham. We appoint Solicitors as necessary.
1
Community And Voluntary Action Blyth Valley
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2022
Structure, governance and management
Recruitment and Appointment of Directors/Trustees
The Directors/Trustees seek to ensure that the users needs are reflected through the diversity of the Board. To enhance the potential pool of Directors/Trustees, selected individuals who may wish to become Directors/Trustees are approached as necessary. Directors/Trustees are re-appointed annually. They give their time voluntarily and receive no benefit.
Director Induction and Training
New Directors/Trustees are actively encouraged by the existing Directors/Trustees, having regard to any specialist skills required. New Directors/Trustees are briefed on their obligations under company and charity law, our Memorandum and Articles of Association, the Board and the decision making process, future plans and recent performance. They are encouraged to attend appropriate training, and made aware of relevant publications. Feedback is encouraged.
Risk Management
We have assessed (and reviewed regularly) the major risks to which we are exposed, in particular those related to our operations and finances, and are satisfied that systems are in place to mitigate our exposure. No major risks have been identified. A key element in our management of financial risk is the setting and regular review of our Reserves Policy.
Reserves Policy
Free reserves are those funds not tied up in Fixed Assets or Designated/Restricted funds. We forecast the level of reserves required to sustain operations, should income-generating activities be curtailed. Free reserves decreased from £50,886 to £19,766 during the year, equating to approximately 4 months of expenditure. We believe it prudent to make a provision for Redundancy costs of £18,551 and this year we have allocated it to a Designated fund to be ringfenced rather than making an adjustment through the income and expenditure account. It remains our view that it is prudent to ensure that there are sufficient free reserves to provide financial flexibility over the course of the forthcoming challenges.
Objectives and activities
Our Objects continue to be to promote any charitable purpose for the benefit of the community in the Blyth Valley area (in particular the advancement of education, protection of health and the relief of poverty, distress and sickness), and to promote co-operation in the achievement of the above by bringing together representatives of voluntary organisations and statutory authorities within the area. Our Policies to achieve our Objects continue to be to promote, provide and carry on or assist in any way in the promotion, provision and carrying on of facilities of any kind pursuant to the Objects and to arrange and hold meetings, conferences and lectures. We refer to Charity Commission guidance on Public Benefit when reviewing our aims and objectives, and ensure that future plans remain focused on their achievement. Funding limits our activities, but no beneficiaries appropriate to our aims are excluded. Equal access to our services is important to us, and we promote local understanding of our work.
Achievements and performance
We have facilitated Covid and Hardship support for the local community during the pandemic and are in a good position to maintain that support.
Financial review
Our assets continue to be adequate and available to meet our obligations.
2
Community And Voluntary Action Blyth Valley
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2022
Plans for future periods
We have secured funding to maintain our development.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report was approved on .............................. and signed on behalf of the board of trustees by:
D.F.Vaughan
D.F.Vaughan (Dec 23, 2022 12:36 GMT)
D.F. Vaughan Trustee
3
Community And Voluntary Action Blyth Valley
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Community And Voluntary Action Blyth Valley
Year ended 31 March 2022
I report to the trustees on my examination of the financial statements of Community And Voluntary Action Blyth Valley ('the charity') for the year ended 31 March 2022.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).
Having satisfied myself that the accounts of the 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 charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
-
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Jane Freeman FCCA Independent Examiner 58 Durham Road Birtley Co Durham DH3 2QJ
4
Community And Voluntary Action Blyth Valley
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 March 2022
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Grants and donations | 5 | 36,645 | 69,356 | 106,001 | 190,399 |
| Other trading activities | 6 | 3,956 | 200 | 4,156 | – |
| ──────── | ──────── | ───────── | ───────── | ||
| Total income | 40,601 | 69,556 | 110,157 | 190,399 | |
| ════════ | ════════ | ═════════ | ═════════ | ||
| Expenditure | |||||
| Expenditure on raising funds: | |||||
| Costs of charitable activities | 7 | 52,095 | 51,291 | 103,386 | 123,610 |
| Governance costs | 8 | 1,455 | – | 1,455 | 1,336 |
| ──────── | ──────── | ───────── | ───────── | ||
| Total expenditure | 53,550 | 51,291 | 104,841 | 124,946 | |
| ════════ | ════════ | ═════════ | ═════════ | ||
| ──────── | ──────── | ───────── | ───────── | ||
| Net income | (12,949) | 18,265 | 5,316 | 65,453 | |
| ════════ | ════════ | ═════════ | ═════════ | ||
| Transfers between funds | 380 | (380) | – | – | |
| ──────── | ──────── | ───────── | ───────── | ||
| Net movement in funds | (12,569) | 17,885 | 5,316 | 65,453 | |
| Reconciliation of funds | |||||
| Total funds brought forward | 50,886 | 27,955 | 78,841 | 13,388 | |
| ──────── | ──────── | ───────── | ───────── | ||
| Total funds carried forward | 38,317 | 45,840 | 84,157 | 78,841 | |
| ════════ | ════════ | ═════════ | ═════════ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 7 to 14 form part of these financial statements.
5
Community And Voluntary Action Blyth Valley
Company Limited by Guarantee
Statement of Financial Position
31 March 2022
| Note Fixed assets Tangible fixed assets 13 Current assets Debtors 14 Cash at bank and in hand Creditors: amounts falling due within one year 15 Net current assets Total assets less current liabilities Net assets Funds of the charity Restricted funds Unrestricted funds - General fund - Designated fund Total charity funds 16 |
2022 £ 2,132 1,788 82,026 ──────── 83,814 1,789 ──────── 82,025 ──────── 84,157 ──────── 84,157 ════════ 45,840 19,766 18,551 38,317 ──────── 84,157 ════════ |
2021 £ – 1,788 96,550 ──────── 98,338 19,497 ──────── 78,841 ──────── 78,841 ──────── 78,841 ════════ 27,955 50,886 |
|---|---|---|
| 50,886 ──────── 78,841 ════════ |
For the year ending 31 March 2022 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on ........................, and are signed on behalf of the board by:
D.F.Vaughan D.F.Vaughan (Dec 23, 2022 12:36 GMT)
D.F. Vaughan Trustee
The notes on pages 7 to 14 form part of these financial statements.
6
Community And Voluntary Action Blyth Valley
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2022
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 22 Beaconsfield Street, Blyth, Northumberland, NE24 2DP.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of (enter name of group financial statements) which can be obtained from (enter detail). As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102:
(a) No cash flow statement has been presented for the company.
(b) Disclosures in respect of financial instruments have not been presented.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
7
Community And Voluntary Action Blyth Valley
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2022
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
8
Community And Voluntary Action Blyth Valley
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2022
3. Accounting policies (continued)
Tangible assets (continued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
- 33% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
9
Community And Voluntary Action Blyth Valley
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2022
4. Limited by guarantee
The company is limited by guarantee and the liability of each member is limited to £10. The company successfully applied to convert to a Charitable Incorporated Organisation (CIO) on 18 May 2022.
5. Grants and donations
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Grants | |||
| Operation Elf | – | 2,606 | 2,606 |
| Contracts and Trusts | 36,645 | 480 | 37,125 |
| Reaching Comms | – | 31,935 | 31,935 |
| TNL | – | 34,335 | 34,335 |
| ──────── | ──────── | ───────── | |
| 36,645 | 69,356 | 106,001 | |
| ════════ | ════════ | ═════════ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2021 | |
| £ | £ | £ | |
| Grants | |||
| Bernicia Foundation (via Northumberland County | |||
| Council) | – | 20,000 | 20,000 |
| The National Lottery | – | 49,084 | 49,084 |
| Operation Elf | – | 12,816 | 12,816 |
| New Delaval and Newsham Residents Association | – | 7,650 | 7,650 |
| Contracts and Trusts | 100,849 | – | 100,849 |
| ───────── | ──────── | ───────── | |
| 100,849 | 89,550 | 190,399 | |
| ═════════ | ════════ | ═════════ |
6. Other trading activities
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Other income | 3,956 | 200 | 4,156 |
| ═══════ | ════ | ═══════ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2021 | |
| £ | £ | £ | |
| Other income | – | – | – |
| ════ | ════ | ════ |
10
Community And Voluntary Action Blyth Valley
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2022
7. Costs of charitable activities
| Unrestricted | Restricted | Total Funds | |||
|---|---|---|---|---|---|
| Funds | Funds | 2022 | |||
| £ | £ | £ | |||
| Staff costs | 28,463 | 43,761 | 72,224 | ||
| Telephone | 772 | 225 | 997 | ||
| Printing and stationery | 381 | 350 | 731 | ||
| Training, consultancy fees and events | 4,138 | 2,512 | 6,650 | ||
| Sundry Expenses | 457 | – | 457 | ||
| Travel | 37 | 207 | 244 | ||
| Utilities | 1,768 | 225 | 1,993 | ||
| Insurance | 696 | – | 696 | ||
| Professional fees | 6,977 | 1,348 | 8,325 | ||
| Property costs and equipment renewals | 7,340 | 2,663 | 10,003 | ||
| Depreciation | 1,066 | – | 1,066 | ||
| ───────── | ───────── | ───────── | |||
| 52,095 | 51,291 | 103,386 | |||
| ════════ | ════════ | ═════════ | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2021 | |||
| £ | £ | £ | |||
| Staff costs | 29,631 | 25,328 | 54,959 | ||
| Telephone | 851 | – | 851 | ||
| Printing and stationery | 678 | – | 678 | ||
| Property costs and equipment renewals | 4,832 | – | 4,832 | ||
| Training, consultancy fees and events | 525 | 19,877 | 20,402 | ||
| Coronavirus and hardship support | 25,155 | 16,390 | 41,545 | ||
| Sundry expenses | 343 | – | 343 | ||
| ───────── | ───────── | ───────── | |||
| 62,015 | 61,595 | 123,610 | |||
| ════════ | ════════ | ═════════ | |||
| 8. | Governance costs | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2022 | Funds | 2021 | ||
| £ | £ | £ | £ | ||
| Accountancy fees | 1,455 | 1,455 | 1,336 | 1,336 | |
| ═══════ | ═══════ | ═══════ | ═══════ | ||
| 9. | Independent examination fees | ||||
| 2022 | 2021 | ||||
| £ | £ | ||||
| Fees payable to the independent examiner for: | |||||
| Independent examination of the financial | statements | 1,456 | 1,336 | ||
| ═══════ | ════ |
11
Community And Voluntary Action Blyth Valley
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2022
10. Net income
Net income is stated after charging/(crediting):
| Net income is stated after charging/(crediting): | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Depreciation of tangible fixed assets | 1,066 ═══════ |
– ════ |
11. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows: 2022 2021 £ £ Wages and salaries 72,224 54,959 ════════ ════════
The average head count of employees during the year was Nil (2021: Nil).
No employee received employee benefits of more than £60,000 during the year (2021: Nil).
12. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
13. Tangible fixed assets
| Equipment | |
|---|---|
| £ | |
| Cost | |
| At 1 April 2021 | 43,121 |
| Additions | 3,198 |
| ──────── | |
| At 31 March 2022 | 46,319 |
| ════════ | |
| Depreciation | |
| At 1 April 2021 | 43,121 |
| Charge for the year | 1,066 |
| ──────── | |
| At 31 March 2022 | 44,187 |
| ════════ | |
| Carrying amount | |
| At 31 March 2022 | 2,132 |
| ════════ | |
| At 31 March 2021 | – |
| ════════ |
The premises from which we operate are occupied on a rent-free lease, with well over sixty years left to run.
12
Community And Voluntary Action Blyth Valley
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2022
14. Debtors
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Prepayments and accrued income | 347 | 347 |
| Other debtors | 1,441 | 1,441 |
| ─────── | ─────── | |
| 1,788 | 1,788 | |
| ═══════ | ═══════ | |
| Creditors: amounts falling due within one year | ||
| 2022 | 2021 | |
| £ | £ | |
| Accruals and deferred income | 1,789 | 1,789 |
| Redundancy provision | – | 17,708 |
| ─────── | ──────── | |
| 1,789 | 19,497 | |
| ═══════ | ════════ |
15. Creditors: amounts falling due within one year
16. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||||
|---|---|---|---|---|---|---|
| At | At | |||||
| 1 April 2021 | Income | Expenditure | Transfers | 31 March 2022 | ||
| £ | £ | £ | £ | £ | ||
| General funds | 50,886 | 40,601 | (72,101) | 380 | 19,766 | |
| Designated funds | 18,551 | 18,551 | ||||
| 50,886 | 40,601 | (53,550) | 380 | 38,317 | ||
| ════════ | ════════ | ════════ | ════ | ════════ | ||
| At | At | |||||
| 1 April 2020 | Income | Expenditure | Transfers | 31 March 2021 | ||
| £ | £ | £ | £ | £ | ||
| General funds | 13,388 | 100,849 | (63,351) | – | 50,886 | |
| ════════ | ═════════ | ════════ | ════ | ════════ | ||
| Restricted funds | ||||||
| At | At | |||||
| 1 April 2021 | Income | Expenditure | Transfers | 31 March 2022 | ||
| £ | £ | £ | £ | £ | ||
| Bernicia Foundation (via | ||||||
| Northumberland County | ||||||
| Council) | 17,231 | 680 | (2,802) | (380) | 14,729 | |
| Operation Elf | 7,324 | 2,606 | (867) | – | 9,063 | |
| New Deleval and | ||||||
| Newsham Residents | ||||||
| Association | 3,400 | – | – | – | 3,400 | |
| TNL | – | 34,335 | (23,811) | – | 10,524 | |
| Reaching Comms | – | 31,935 | (23,811) | – | 8,124 | |
| ──────── | ──────── | ──────── | ──── | ──────── | ||
| 27,955 | 69,556 | (51,291) | (380) | 45,840 | ||
| ════════ | ════════ | ════════ | ════ | ════════ |
Community And Voluntary Action Blyth Valley
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2022
16. Analysis of charitable funds (continued)
Restricted funds
| At | At | ||||
|---|---|---|---|---|---|
| 1 April 2020 | Income | Expenditure | Transfers | 31 March 2021 | |
| £ | £ | £ | £ | £ | |
| Bernicia Foundation (via | |||||
| Northumberland County | |||||
| Council) | – | 20,000 | (2,769) | – | 17,231 |
| The National Lottery | – | 49,084 | (49,084) | – | |
| Operation Elf | – | 12,816 | (5,492) | – | 7,324 |
| New Deleval and | |||||
| Newsham Residents | |||||
| Association | – | 7,650 | (4,250) | – | 3,400 |
| ──── | ──────── | ──────── | ──── | ──────── | |
| – | 89,550 | (61,595) | – | 27,955 | |
| ════ | ════════ | ════════ | ════ | ════════ | |
| Analysis of net assets between funds | |||||
| Unrestricted | Restricted | Total Funds |
|||
| Funds | Funds | 2022 | |||
| £ | £ | £ | |||
| Tangible fixed assets | 1,752 | 380 | 2,132 | ||
| Current assets | 38,354 | 45,460 | 83,814 | ||
| Creditors less than 1 year | (1,789) | – | (1,789) | ||
| ──────── | ──────── | ──────── | |||
| Net assets | 38,317 | 45,840 | 84,157 | ||
| ════════ | ════════ | ════════ | |||
| Unrestricted | Restricted | Total Funds |
|||
| Funds | Funds | 2021 | |||
| £ | £ | £ | |||
| Tangible fixed assets | – | – | – | ||
| Current assets | 70,383 | 27,955 | 98,338 | ||
| Creditors less than 1 year | (19,497) | – | (19,497) | ||
| ──────── | ──────── | ──────── | |||
| Net assets | 50,886 | 27,955 | 78,841 | ||
| ════════ | ════════ | ════════ |
17. Analysis of net assets between funds
18. Related party transactions
C. Nicholson (who is a Trustee of the Charity) and D.F Vaughan (who is a Director of the Company and a Trustee of the Charity) are also directors of Sustainable Community Enterprises North East Ltd (SCENE).
During the year ended 31 March 2022, CVABV provided services to SCENE to the value of £Nil (2021: £nil) and SCENE provided services to CVABV to the value of £nil (2021: £699).
Community And Voluntary Action Blyth Valley
Company Limited by Guarantee
Management Information
Year ended 31 March 2022
The following pages do not form part of the financial statements.
15
Community And Voluntary Action Blyth Valley
Company Limited by Guarantee
Detailed Statement of Financial Activities
Year ended 31 March 2022
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Grants and donations | ||
| Bernicia Foundation | – | 20,000 |
| The National Lottery | – | 49,084 |
| Operation Elf | 2,606 | 12,816 |
| New Deleval and Newsham Residents Association | – | 7,650 |
| Contracts and Trusts | 37,125 | 100,849 |
| Reaching Comms | 31,935 | – |
| TNL | 34,335 | – |
| ───────── | ───────── | |
| 106,001 | 190,399 | |
| ───────── | ───────── | |
| Other trading activities | ||
| Other income | 4,156 | – |
| ─────── | ──── | |
| ───────── | ───────── | |
| Total income | 110,157 | 190,399 |
| ═════════ | ═════════ | |
| Expenditure | ||
| Costs of charitable activities | ||
| Wages and salaries | 72,224 | 54,959 |
| Property costs and equipment renewals | 12,692 | 4,832 |
| Travel costs | 244 | – |
| Telephone | 997 | 851 |
| Printing and stationery | 731 | 678 |
| Depreciation | 1,066 | – |
| Training, consultancy fees and events | 14,975 | 20,402 |
| Coronavirus and hardship support | – | 41,545 |
| Sundry expenses | 457 | 343 |
| ───────── | ───────── | |
| 103,386 | 123,610 | |
| ───────── | ───────── | |
| Governance costs | ||
| Accountancy fees | 1,455 | 1,336 |
| ─────── | ─────── | |
| ───────── | ───────── | |
| Total expenditure | 104,841 | 124,946 |
| ═════════ | ═════════ | |
| ───────── | ───────── | |
| Net income | 5,316 | 65,453 |
| ═════════ | ═════════ |
16
2022-12-23
CVA 31.3.22 Draft Accounts V4
Final Audit Report
Created: 2022-12-23 By: Kay Walker (kay@jfstorbitt.co.uk) Status: Signed Transaction ID: CBJCHBCAABAApysKrziibiC48k-dqFn3UsqC6z2M7qVt
"CVA 31.3.22 Draft Accounts V4" History
Document created by Kay Walker (kay@jfstorbitt.co.uk)
2022-12-23 - 11:39:39 AM GMT
Document emailed to vaughand622@gmail.com for signature
2022-12-23 - 11:40:14 AM GMT
- Email viewed by vaughand622@gmail.com
2022-12-23 - 12:14:43 PM GMT
Signer vaughand622@gmail.com entered name at signing as D.F.Vaughan 2022-12-23 - 12:36:41 PM GMT
Document e-signed by D.F.Vaughan (vaughand622@gmail.com) Signature Date: 2022-12-23 - 12:36:43 PM GMT - Time Source: server
- Document emailed to sign@jfstorbitt.co.uk for signature 2022-12-23 - 12:36:44 PM GMT
Email viewed by sign@jfstorbitt.co.uk 2022-12-23 - 12:39:01 PM GMT
Signer sign@jfstorbitt.co.uk entered name at signing as Jane Freeman 2022-12-23 - 12:39:14 PM GMT
Document e-signed by Jane Freeman (sign@jfstorbitt.co.uk) Signature Date: 2022-12-23 - 12:39:16 PM GMT - Time Source: server
Agreement completed.
2022-12-23 - 12:39:16 PM GMT