CHARrrY REGISTRATION NUMBER: 1116430 Community And Voluntary Action Blyth Valley Unaudited Financial Statements 31 March 2025
Communlty And Voluntary Actlon Blyth Valley Flnanclal siatements Year ended 31 March 2025 Page Trustees, annual report (incorporating the directorfs report) IndeperKlent examiner's report lo the trustees Statement of financial aclivities (including income and expenditure account) Stat8ment of financial position Notes to the financial slat8ments The followlng pages do not form part of Ihe Ilnanclal statements Delailed statement of financial activities 15
Community And Voluntary Action Blyth Valley Trustees, Annual Report {Incorporating the Director's Report) Year ended 31 March 2025 The trustees. who are also the directors for the purposes of company law. present Iheir report and the unaudited financial statements of the charity for the year ended 31 March 2025. Reference and administrative details Règistared charlty name Community And Voluntary Action Blyth Valley Charity registration number 1116430 Principal office and registered 22 Beaconsfield Street office Blyth Northumberland NE24 2DP The trustees D.F. Vaughap, M. Beresford D. Johnston P. Smith C. Nicholson Independent examiner Jane Freeman Chartered Certified Accountants 58 Durham Road Birtley Co Durham DH3 2QJ We are a Charitable Incorporated Organisation, not having a share capital, and 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 frorn 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.
Communlty And Voluntary Action Blyth Valley Truste8s' Annual Report (Incorporatlng the DIrecto3 Report) fMntlnu•dJ Year ended 31 March 2025 Structure, goveTnan¢e and management Recruitment and Appolntment ol Dlrectorsifrustees The Directorsfrustees seek to ensure that the usgrs needs are reflected through the diversity of the Board. To enhan¢8 Ihe potentlal pool of DirectorsruStee5, selected indSviduals who May whlch to become Dlrectorsrfrusiees are approached as necessary. Dlreclorsfrustees are re.appolnted annually. They glve their time voluntarily and receive no b8nefit. Dlrector Induction and Tralnlng New Directorsrrrustees are actively encouraged by the exlsting DIr8¢torsrusIee$, having iegard to any specialist skills required. New DirectorsThrustees are briefed on their obligations under company and charity law, our Memorandum and Artlcles of Association, the Board and the deciBion making procgss. future plans and recent perforrnance. They are encouraged to attend approprlate tralnlng. and made aware ol relevant publlcatlons. Feedbad< Is encouraged. Rlsk Managemenl We have assessed {and revlewed regularly) the malor rlsks lo whlch we are exposed, in particular those relaled to our operations and flnancès. and are satlsfied Ihat systems are in place to mitigate our exposure. No major rlsks have been identrfie(l. A key element in our managemenl of ffnanclal rlsk is the settlng and regular review ol our Resentss Pollcy. R•s•rves Pollcy Free reserves are those funds not tled up in Fixed Assets or DeslgnatedlRestricted funds. We forecasl the level of reserves required to sustain operatlons, should incomtrgeneraling activities be curtailed. After making provision for Redundancy Costs, free reserves increased trom £13,388 to £50,886 durlng the year, equatlng to appioxlmately 4.9 months of experKJlture. It remalns our view that it is prudent to ensure Ihat there are sufficlent free re$eNes to provide tinancial flexibility over the course of the fortIomIng challengas. Oblectlve8 and actlvlties Our Objecls continue to be to promote any charitable purpose for the b8n8fit ol the community in the Blyth Vallay area Iln partlcular the advancement ol educallon, protection of health and the relief of poverty, distress and slcknessl, and to promote co-operation in the achievement ol the ave by bringing together represenlatives of voluntary organisations and statutory authorities wilhin the area. Our Policies to achieve our Objects continue to be lo promote, provide and carry on or asslst In any way in the promotion, provision and carrylng on of facilities of any kind pursuant lo the Objects and to arrange and hold meelings, conferences and lectures. We refer to Charity Commission guidance on Public Benefit when reviewing our aims and objectives. and ensure that fulure plans remain locused on their achievement. Fundlng Ilmlts our activities, bLrt no beneficiades appropriate to our aims are excluded. Equal access lo our services is important to us. and we promote local understanding of our worl<. Achlevemenls and perlormane• We developed and increased the range ol sèrvices we oller. Including the delivery of a new Volunteer Support Service, including Volunteer tralnlng, development and delSvery of the new Blyth Cornmunity Hub and increased Training and support for VCS groups, especially in terms of IT and In the effective use of Social Media.. Flnanclal revlew Our assets wntinue lo bg adequate th available to meet our obligalions.
Community And Voluntary Action Blyth Valley Trustees, Annual Report (Incorporating the Director'8 R8port) (conllnuod) Year ended 31 March 2025 Plans for futuro perfods We have secured lunding to maintain our d8v81opment. Small company provisions This report has been prepared sn accordance wllh the provislons appllcable lo companS85 enfitled to the small ¢ompanles exemptlon. The trustees. annual rewrt was approved on .............................. and signed on behalf ol th& board of trustees by: D.F. Vaughan Trustee
Community And Voluntary Action Blyth Valley Independent Examiner's Report to the Trustees of Community And Voluntary Action Blyth Valley Year ended 31 March 2025 I report lo the trusiees on my examination of the Ilnanclal staternents of Communlty And Voluntary Action Blylh Valley I'the charily'l for the year ended 31 March 2025. Responsibilities and basls of report As the trustees ol the company (and also ils dir8ctors for the purposes of company law) you are responsible for the preparation of Ihe financial statements in accordance with the rèquirements of the Companies Act 2006 Ilhe 2006 Act.). Having s*isfied myself that the accounts of the COpanY are not requlred to be audfted under Part 16 ol the 2006 Act and are eligible for independent examlnation, I report in respect of my examinalion of the charity's accounts as carried out under section 145 of the Charities Act 2011 I'lhe 2011 Act,). In carrying out my examination I have followed the Directions glven by the Charity Commission under section 14615)(bl of the 2011 Acl. Independent examlnèr's statement I have compleled my examlnation. I confirm that no matters have corne to my attenllon In connectlon with Ihe examination giving me cause to believe: accountlng records wer8 not kept In respect of the charity as required by section 386 of the 2006 Act,. or Ihe financial statements do not accord with those records. or the financial statemenls do not Compty with the appIable requirements concarning th8 fomi and content of accounts set out in Ihe Charilies (Accounls and Reports) Regulations 2008 other than any requirernent Ihat the accounls give a 'true and faiv view which is not a matter considered as part of an independenl examination I have no concems and have come across no other matter5 in connection with the examinalion to which attenlion should be drawn in this rewrt in order to enable a proper understanding of the accounts to be reached. Jane Freeman FCCA Independenl Examlner 58 Durham Road Blrtley Co Durham DH3 2QJ
Community And Voluntary Action Blyth Valley Statement ol Financlal Actlvltles (Including income and expenditure account) Year ended 31 March 2025 2025 Restricted lunds Total funds Total funds 2024 Unrestricted funds Income and endowmen18 Grants and donations Other Irading activities Totsl Income 58.510 14,391 164,821 223,331 14,394 151,057 5,914 72,901 164.824 237,725 156,971 ExpondHure Expenditure cn raising funds: Costs of charltable activities Governance cosls 25,345 1,801 27.146 152,263 177,608 1,800 157,500 1,800 Total expendllure 152,263 179,408 159,300 Net Incomel(expendlluro) 45,755 12,581 58.317 12,329) Transfers between funds (8591 859 Net movement in fund8 44,896 13,420 58.317 (2.329) Reconcillallon of funds Total funds brought forward Toial fund8 carrled forward 46.275 19,273 65,548 67,877 65,548 91.171 32,693 123,864 The staternenl of financial activities includes all gains and losses recognised in Ihe year All income and expenditure derive from conlinulng activities. Tho nDte5 on pages 7 to 13 form part ol these linancial statemenls.
Community And Volunlary Action Blyth Valley Statom8nl of Financlal Posltlon 31 March 2025 2025 2024 Fixed assets Tangible fixed assets 12 632 948 Currenl assels Debtors Cash at bank and in hand 13 23,583 101,449 66.400 125,032 66.400 Creditors: amounts falllng due wlthln one year Nel current 8gset8 14 11,800) 123,232 {1,800) 64.600 Total a88ets le88 curient Ilabllltlgs 123,864 65,548 65,548 Net as8Ots 123,864 Funds of the charlty Restricted funds Unrestricted funds.. - General fund - Designat8d fund 32,693 19,273 72.620 18.551 91,171 123,864 29.213 18.551 46,275 Toial charlty funds 15 65,548 These flnancial statements were approved by the tKrd of trustees and aulhoris9d lor issue on , and are signed on behall of the board by: D.F. Vaughan Trustee The not85 Dn pages 7 to 13 fom part of *h8se fin8ncial 8tstement&
Community And Voluntary Action Blyth Valley Notes to th8 Financlal Statements Year ended 31 March 2025 G¢noral Informatlon The charity is a public benefit entity and a private company Ilmi18d by guarantee, regislerwj in England and Wales and a registered charlty In England and Wales. The address of the reglstered offlce Is 22 8eacon5field Stre8t. Blykh, Northumberland, NE24 2DP. Statement of compliance These financlal stalements have been prepared in compliance wlth FFIS 102, 'The Financial Reporting Standard applicable in the UK and thg Flepubllc of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts In accordance with the Financial Reportlng Standard appllcable in the UK arrfj Republic of Ireland IFRS 102) (Charitie5 SORP {FRS 102)). Accountlng policies Basls of preparallon The financial stalements have been prepar8d on the hlstorical cost basis, as modthed by the revaluatSon of certain financlal assets and Ilabllltles and investm8nt propertles measured at fair value Ihrough income or exp8nditure. The financial statements are prepared in sterling, which is Ihe functional currency of the entity. Going concern There are no material uncertainties about Ihe charitys abillty to conllnue. Disclosure exempiion8 The entlty satisfies the criteria of being a qualifying entity as defined In FRS 102. Its flnanclal statemenls are consolldated Inlo the financlal st*oments of (enter name of group financial stat8m8nts) which can be obtained from {enter detall). As such, advantage has been laken of the followlro disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow stat8m8nt has been presented for the company (b) Dlsclosures in respect of financial Inruments have not been presented. Fund accounting Unrestricted funds ar8 available for use at the dlscrellon of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future prO1t or commitment. Restricled funds are subjecled to restrictions on Ihelr exp8ndf(ure declared by the donor or through the t8rms of an appeal, and lall into one of two sub-classes.. resldcted Income funds or endowment funds.
Community And Voluntary Action Blyth Valley Notes to the Flnancial Statements (cont Year ended 31 March 2025 Aceounllno policies (¢oniinu#d) Incomlng rosources All inGomiThJ resources are included in the statement of financlal act5vllles when entitlem&nt has passed to the charity., it is probable that the economic benefits associated wlth the transaction will flow to the charlty and the amount can be reliably measured. The followlng speclflc pollcles are applied to particular Categories of income: income from éonalions or grants is recognised when there is evidence of enlitlement to the gift, receipt Is probable and fts amounl can be m88sur8d reliably. 18gacy Income is recogni5ed when recelpt Is probable and entlllement is eslablished. Income from donated goods is measured at the lair value of the goods unless tkms is impractical to measure r81iably, in which case Ihe value is derived from the cost lo Ihe donor or the esllmated 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 Gontrlbution of general volunle8rs. income from contraGts lor the supply of services is recognised with th8 d81iv8ry DI th contracted service. This is classified as unrestricted funds unless there is a conlractual requiremenl for il lo be spent on a particular purpose and reluined rf unspent, in which case It may be reoar¢Jed as restrlcted. 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 ¢lasslfied under headings of the statefflerrt of financial activities to which it relates: expendllure on raising lunds includ8s the costs of atl fundraising activities, events. non<haritable Irading acllvltles, and the sale of donated goods. expendilure on charltable activities includes all costs incurred by a charty in undertaking activities that further its charitable alms for Ihe ben8fit of its beneficiaries, including those support costs and costs relallng to the governance of the charity apportioned lo charitable activities. other expendlture Includes all expendfture Ihat is neither related to raLslng lunds for th8 charity nor part of its expenditure on charltable activities. All costs are alloca1 to expendilure categories reflecting th8 US8 of the resource. Direct costs attribulable lo a single actlvlty are allo¢ated dlreclly to that activty. Shared costs are apportioned betrie9n the actlvkles they contribute to on a reasonable, justifiable and consistent basis. Tanglble 8s891s Tangible assets are initially recorded ai ¢ost. and subsequently stated al cost less any accumulated depreclallon and impairment losses. Any iangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any $ubseouent accumulated depreclation and subsequenl accumulated impairment losses.
Community And Voluntary Action Blyth Valley Noles to the Flnanclal Statements (¢onllmr) Year ended 31 March 2025 Accounting pollcles (¢onllnuedl Tangible assets (continued) An increase in the carrying amount of an asset as a result of a reVUallon, is recognised In other recognised gains and losses. unlass it reverses a charge for impairmenl that has prgviously been recognised as expenditure wilhin the statement ol linancial aGtivitiès. A decrease in th& carying amount of an assel as a result of revalualion, is recognised In other recognised gains and losses, except to which il offsots any prevlous revUatIon gain. in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Depreclalion Depreciation Is calculated so as to write off Ihe cost or valuation of an assel, less hs residual value, ¢)ver the useful economlc life of that asset as follows: Equipmenl 33% rgduclng balance Financlal Instrument8 A financial asset or a financial liablllly is recognised only when the entty becomes a paty to the contractual provlsions of the instrument. Basic financial instruments are initially recognised al the amount receivable or payable including any related transactlon costs, unless the arrangement constitutes a financing iransaclion. where it is recognised al Ihe present value ot the future payments discounted at a market rate of Interest for a similar debl instrum8nl. Current assets and current liabililies are subsequently measured at the cash or other conslderalion expected to be paid or received and not dlscounled. Debt insiwments are subsgquently measured at amortised cost. Grants and donations Unrestricled Funds Reslricted Tolal Funds Funds 2025 Grantg Contracts and Trusts Northumberland County Council - Hub 58,510 154,821 10,000 164,821 213,331 10.000 223.331 58,510 Unrestricted Funds Restricted Total FurKJs Funds 2024 Grants Contracts and Tnjsts TNL 69,960 13,502 67,605 83,452 67.605 151,057 69,950 81,107
Communlty And Voluntsry Action Blyth Valley Notes to the Financial Statements (cantlnuod) Year ended 31 March 2025 Olher tradlng activities Unrestricled Funds Restricted Tolal Fundg Funds 2025 Other income 14,391 14,391 14,394 14,394 Unrestricted Fund5 Resiricted Total Funds Funds 2024 Olher income 5,302 612 5,914 5,302 612 5.914 Costs of charitable a¢tivitles Unrestricted Funds Reslricled Total Funds Funds 2025 Staff costs Telephone Printing ancl stationery Tratning, consultancy fees and 8vents Sundry expenses Travel Utilities Insurance Professional fees Property costs and equipment renewals Commissioned work Deweciation 9.879 1.232 533 116 2,926 83 3,318 662 4,396 1,884 109,609 315 800 2,173 2,616 531 1.487 119,488 1,547 1.333 2.289 5,542 614 4.805 662 33,495 2,998 4,519 316 29.099 1,114 4,519 316 25,345 152,283 177.808 Unrestricted Funds Restri¢led Tal Funds Funds 2024 Staff costs Telephone Prinling and stationery Training. COnsuancY fees and events Sundry expenses Travgl Utilities Insurance Professional lees ProrEty costs and equipment renewals Depreciation 4(1,780 607 692 239 1,747 74.851 570 461 2,353 2,098 173 2,705 300 4,584 5,375 115.631 1.177 1.153 2,592 3.845 173 4,296 655 20.113 7,392 474 1,591 355 15,529 2.017 474 64,031 93,470 157,501 10
Communlty And Voluntary Action Blyth Valley Notes to the Financlal Statements (conllnuedj Year ended 31 March 2025 Governance costs Unrestricted Total Funds Unrestrlcted Total FurKJs Funds 2025 Funds 2024 Accountancy fees 1,800 1,800 1.800 1.800 Independent examinalion f 2025 2024 Fees payable to the independent examiner for: Independent examinatlon of thè financlal slalements 1.800 1.800 Net Incomel(expondlture) Net incomel{expenditurel is ated after chargingl{crediting): 2025 2024 Depreciation of tangible fixecl assets 316 474 10. Staff costs The total staff costs and employee benefits lor the reporting period are analysed as follows: 2025 2024 Wages and salaries 119,488 115,631 The average head count of employees during the year was Nil12024.' Nill. No employee recelved employee benefits of more Ihan £60,000 durfng the year (2024: NIII. 11. Trusloo remunerallon and ttxpenseg No remuwration or other benefits from employment wlth the charity or a retated entity were recelvèd by the trustees. 12. Tanglble flxed a88018 Equipment Cost At 1 Aprll 2024 and 31 March 2025 Depr•clatlon At 1 April 2024 Charge for the year At 31 March 2025 48,319 45,371 31S 45,687 Carrying amounl At 31 March 2025 632 At 31 March 2024 948 11
Communlty And Voluntary Aclion Blyth Valley Noles to the Flnanclal Ststemems (¢onlinuedJ Year ended 31 March 2025 13. Dèbtors 202S 2024 Income paid tn arar9 23,583 14. Credltors: amounls lalling dup wllhin one year 2025 2024 Accruals and deferred income 1,800 1.800 15. Analysls of charltabl• lund$ Unrestricted fund8 At Transfer$ 31 MaTch 2025 l April 2024 Incorne Expenditure General funds Designated funds 27.724 18.551 46.275 72,901 (27.1461 (859) 72.620 18.551 91.171 72,901 {27.146} 18591 At l April 2023 At Transfers 31 March 2024 Income Expenditure Genaral funds Designated lunds (3.857) 75,252 18.551 36,854 {65,8311 22,160 27,724 18,551 46,275 75,252 (65,8311 22,160 Rostilcted funds Al l April 2024 Income Expenditure At Transfers 31 March 2025 TNL UKSFP Hub (via Northumberland County Council) Hub (via th8 Communlty Foundation Hub (via Spacehive Crowdfunding website) NIEGP (via Northurllbeiland County Council 15,885 1,280 {15,888) {96,718) 95,438 2,108 10,000 (6,000) 6.108 10.000 {10,LbJO) 27.487 {902) 26,585 21,896 19,273 164.824 (22,755) {152,263) 859 859 32,693 12
Community And Voluntary Action Blyth Valley Notes to the Flnanclal Statements (¢ontlnu•d) Year ended 31 March 2025 15. Analysls of charflable funds (Mrtinued) Restricled funds At 31 March 2024 At 1 April 2023 Income Expenditure Transfers Bernicia Foundation (via Northumberland Gounty Council) Operation Elf New Deleval ancl Newsham Residents Association TNL UKSFP Hub (via Northumberland County Council) 14.378 12,828 (14.378) 17.782) 450 15.495) 900 20.026 1900) (71,746) (12,384) 67,605 13,664 15.885 1.280 5.052 53.184 12,944) 2.108 (93,470) 122,160) 19.273 81.719 16. Analysis of net assels between funds Unrestricted Funds Reslrfoted Total Funds Funds 2025 Tanglble fixed assets Current assets Creditors less than 1 year Net assets 632 92.339 (1,800) 91,171 632 125,032 (1,800) 123,864 32,693 32,693 Unrestricted Funds R8Strict8d Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Net assets 948 47.127 {1,800) 46,275 948 66.400 11,800) 65,548 19,273 19,273 17. Related party transAclions C. Nicholson and D.F Vaughan (who are Trustees of the Charity) are also directors of Sustalnab18 Community Enterprises North East Ltd (SCENE). During the year ended 31 March 2025. CVABV provided no seNi¢es lo SCENE {2024'. £nll> and SCENE provided no services to CVABV (2024: £nil). 13
Community And Voluntary Action Blyth Valley Management Inlormation Year ended 31 March 2025 Tho following pages do nol lorni part of th8 flnanclal statements. 14
Community And Voluntary Action Blyth Valley Detalled siatement of Financial Actlvllles Year ended 31 March 2025 2025 2024 Income and endowments Granls and donations Contracts and Trusls TNT Hub 213,331 83,452 67,605 10.000 223,331 151,057 Other trading acllvi11os Other income 14.394 5,914 14.394 5,914 Tolal Income 237,725 156,971 Expgndlture Cosls of charltable actlvttle8 Wages and salaries Property cosls and equipment rersewals Travel costs Telephone Prlnting and slationery Depreciation Training, consultancy fees and events Sundry expenses Comtnissioned work 119,488 8,465 614 1,547 1,333 316 35,784 5.542 4.519 115,631 12,343 173 1.177 1.153 474 22.706 177.608 157,501 Govemance cosls Legal and professional fees 1.800 1.800 Total oxpendlture 179,408 159,301 Nel In¢omel(expenditure) 58,317 (2,330) 15