## **Cumbria Council for Voluntary Service** **(A company limited by guarantee)** ## **Annual Report and Financial Statements** **31 March 2024** **Company registration number: 06178269 Charity registration number: 1119671** ## **Cumbria Council for Voluntary Service** ## **Contents** |Reference and Administrative Details|1| |---|---| |Trustees' report|3| |Trustees' responsibilities in relation to the financial statements|11| |Independent auditors' report|12| |Statement of financial activities|16| |Balance sheet|17| |Cash flow statement|18| |Notes to the financial statements|19| ## **Cumbria Council for Voluntary Service** ## **Reference and Administrative Details** Cumbria Council for Voluntary Service |||| |---|---|---| |**Charity name**|Cumbria Council for|Voluntary Service| |**Charity registration number**|1119671|| |**Company registration number**|06178269|| |**Principal office**|Shaddongate Resource Centre|| ||Shaddongate|| ||CARLISLE|| ||CA2 5TY|| |**Registered office**|Shaddongate Resource Centre|| ||Shaddongate|| ||CARLISLE|| ||CA2 5TY|| |**Trustees**|M J E Taylor, Chair|(Resigned 29 November 2023)| ||A R Culley|(Resigned 29 November 2023)| ||S Gregory, Chair|| ||S Martin|(Resigned 29 November 2023)| ||S Sewell|| ||K Ward|| ||L Martin-White|(Resigned 19 June 2023)| ||C Watt|| ||Z Myers|(Resigned 11 December 2023)| ||K Dutton|(Resigned 3 April 2024)| ||J Bowmer|(Resigned 21 August 2023)| ||V Vyalikova|(Resigned 29 November 2023)| ||J Rush|(Appointed 17 August 2023)| ||S Smith|(Appointed 17 August 2023)| ||J S Crozier|(Appointed 30 October 2023)| ||C Kenwood|(Appointed 2 May 2024)| ||L M Vance|(Appointed 21 September 2023)| Page 1 ## **Cumbria Council for Voluntary Service Reference and Administrative Details** ## **Chief executive officer & company secretary** ## **Bankers** ## **Auditor** D Allen Unity Trust Bank Plc Nine Brindley Place BIRMINGHAM B1 2HB Dodd & Co Audit Limited FIFTEEN Rosehill Montgomery Way Rosehill Estate CARLISLE CA1 2RW Page 2 ## **Cumbria Council for Voluntary Service** ## **Trustees' Report for the Year Ended 31 March 2024** The Trustees present their annual report together with the audited financial statements of the charity for the year 1 April 2023 to 31 March 2024. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) 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 2019). Since the group and the charity qualify as small under section 383 of the Companies Act 2006, the Group strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted. ## **OBJECTIVES AND ACTIVITIES** ## **a) Policies and Objectives** The objectives of the charity are: - to promote any charitable purposes for the benefit of the community in the local government County of - • Cumbria and surrounding areas (the ‘area of benefit’) and in particular the advancement of education, the protection of health and the relief of poverty, distress, and sickness - representatives of the voluntary organisations and statutory authorities within the area of benefit.to promote and organise co-operation of the above purposes, and to that end to bring together, in council, In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'. ## **b) Strategies for achieving objectives in the year** The charity has continued to progress its strategic plan that defines 4 over-arching strategic aims in support of our charitable objectives: - Make Cumbria ‘an even better place’ to live - Support our Members to achieve their aspirations and cope with change - Deliver direct services to meet identified gaps, in collaboration with others - Become more financially sustainable and have happy staff ## **c) Activities undertaken to achieve objectives** All the years’ activities focused on, and were undertaken to further, our charitable purposes for the public benefit. Throughout 2023/24, Cumbria CVS delivered a range of activities as detailed in the strategic plan and the Annual Review of 2022/23 shared at the charity’s AGM in Kendal in November 2023. All delivery was in accordance with the contractor/funding requirements. Objectives for the year included: 1. Supporting the third sector to access funding, build capacity, and address changes 2. Facilitating and supporting the recruitment, training, and placement of volunteers 3. Delivering a range of direct services through a variety of key partnerships 4. Supporting and developing the third sector’s strategic influence across Cumbria and beyond ## **d) Social investment policies** The Trustees are aware of their potential powers, and responsibilities, under the terms of the Charities (Protection and Social Investment) Act 2016. No social investments have been made by the charity. Page 3 ## **Cumbria Council for Voluntary Service** ## **Trustees' Report for the Year Ended 31 March 2024** ## **e) Grant Making Policies** Cumbria CVS holds a small grant fund on behalf of the Trustees of the Eric Wright Charitable Trust and makes awards of up to £1,000 for any charitable purpose. ## **f) Volunteers** We have a wide range of volunteers who contribute their skills and expertise to help with the running of Cumbria CVS and to support individual projects, particularly administrative tasks, digital delivery, social media, and graphic design volunteers. ## **ACHIEVEMENTS AND PERFORMANCE** ## **a) Main Achievements of the Charity** Cumbria CVS has continued to deliver highly successful outcomes through its major partnership projects (see review of activities below). We continued to strengthen partnerships between the third sector and the healthcare sector; launching new services and partnerships. We continue to expand our engagement with the third sector and with local government – to better represent the interests of our membership – particularly following Local Government Re-organisation in Cumbria and the establishment of two new Local Authorities from the first of April 2023. ## **b) Key Performance Indicators** All our projects and activities are assessed against relevant key performance indicators - each tailored to the project outcomes and requirements of the funder. Performance is assessed through a range of methods, including delivery metrics, recipient feedback, fundraising achieved, and specific outcomes realised. We continued to support evaluation and research practice across the voluntary sector with a number of specific programmes and webinars. ## **c) Review of Activities** ## _**Supporting the Third Sector to access funding, build capacity and address change**_ We provided a range of information and support services to help the sector access funding – helped by our introduction of a new CRM system, enabling us to update and improve our communications with members and stakeholders and refresh relationships with over 400 member organisations of Cumbria CVS. - 1,600 people supported through our events, networking opportunities and training services - 52,735 website visits, over 5,000 followers on X and 2,800 Facebook followers - A suite of targeted communications via ebulletins, updates, toolkits, webinars and more - We launchedGDF, South Copeland GDF, TNL Community Connectors, Furness for You and This is Us (detailed below)or extended several new projects designed to support members – Bedrock Basics, Allerdale We ran several “Meet the Council” events to discuss strategy, funding, sector engagement and shared resources – both online and face-to-face. Both Councils established structures for stronger community and third sector engagement, with a focus on “Community Power”. We launched our online Funding Portal this year, enabling charities to seek out the most appropriate funds for their work. We supported this with another popular series of funding fairs across Cumbria - and our monthly “Focus on Funding” updates regularly listed over 60 sources of financial support for Cumbrian Charities ## ADD GRANT FINDER numbers ## _**Facilitating and supporting the recruitment, training, and placement of volunteers**_ After significant consultation with our Volunteer Managers Network – and a considerable amount of development work – we were proud to launch our new “Volunteering in Cumbria” portal in October 2023 – enabling organisations and potential volunteers to find each other and make the whole process of volunteering easier and quicker. Volunteering in Numbers: - 280 volunteering opportunities promoted Page 4 ## **Cumbria Council for Voluntary Service** ## **Trustees' Report for the Year Ended 31 March 2024** - 193 individuals supported with advice and information on local volunteering opportunities - 9 volunteering fairs held across Cumbria - Volunteering week126 organisations engaged in our events aligned to Volunteer’s week, Trustee’s week and Student - and Sellafield152 potential volunteers attended our partnership events run with University of Cumbria, Carlisle College - student volunteering, support and supervision, appraisals, and DBS checks86 organisations attended 4 “Volunteer Manager” network meetings, covering topics including youth and - 67 organisations attended our Volunteer Management training training courses This year, we also: - Maintainedwhole concept about why volunteering is so importantour twice-weekly BBC Radio Cumbria slot, promoting local volunteering opportunities and the - Builtorganisations, funded by the Arts Council – providing training and support to 36 organisationsfurther on the “Helping Hands” project to improve access to opportunities within arts and heritage - DeliveredPartnership.two volunteering workshops as “Pathways into Employment” sessions for Copeland Skills - LaunchedHospice in Carlisle and undertaking a large-scale redecoration programme.our Employer Supported Volunteering programme, working collaboratively with Eden Valley - Launched a volunteering element within several other projects: “Furness for You” has a focus on tackling - • chronic loneliness by encouraging people to volunteer; “Step Forward” enables people with experience of severe and enduring mental health experiences to engage in volunteering opportunities. - Ran two trustee network meetings attracting 37 attendees, in partnership with ACTion with Communities in - • Cumbria, Cumbria Youth Alliance, Cumbria Community Foundation and Jacobs. These covered subjects including trustees as ambassadors and supporting employees to become trustees. ## _**Delivering a range of direct services through a variety of key partnerships**_ Our “Bedrock Basics” project is part of the “Transforming West Cumbria” programme, delivered in collaboration with Cumbria Community Foundation and Sellafield. This year the team worked with over 250 organisations, including 60 organisations for the first time, supporting with volunteering, funding, digital skills and much more besides. We are thrilled that the project was extended in late 2023 for a further two years. Two new projects started in Cumberland this year – funded by Allerdale GDF and South Copeland GDF (Geological Disposal Funds). These provide much needed on-the-ground support for existing local voluntary organisations – as well as advising on the start-up of new charities. In South Copeland alone, some 45 organisations have benefited from grants totaling £382,000. Westmorland and Furness Council – in collaboration with the UK Shared Prosperity Fund – enabled us to reach 187 organisations across the authority through our “This is Us” project, building capacity, knowledge and capability and sharing it with voluntary and public sector partners. In Furness, with funding from the Know Your Neighbourhood Fund, we launched “Furness for You” – a partnership with ten local third sector organisations to tackle chronic isolation by engaging with the community. We established and launched a volunteering portal to promote opportunities and enable people to match these to their interests and skills and will be launching an on-line directory next year to increase visibility of engagement opportunities. Our collaboration with Northeast and North Cumbria ICS has continued despite further NHS restructuring and funding challenges. We extended our team with a new Health Partnership Support Officer, who has focused on improving social prescribing activities in collaboration with many of our members and partners. We also met with over 200 NHS ICC (Integrated Care Community) colleagues at five “Meet the Third Sector” events, growing awareness of the expertise, knowledge and support our sector offers. We have seen expansion of the successful “Waiting Well” programme delivered by voluntary organisations, supporting people keep healthy whilst awaiting surgery. Page 5 ## **Cumbria Council for Voluntary Service** ## **Trustees' Report for the Year Ended 31 March 2024** Our Third Sector Referral Service received nearly 977 referrals this year – helping people benefit from the voluntary sector’s non-clinical support services across the county. We also channeled £46,000 through to these organisations to help them build their own capacity, maintained the “Health and Welfare Telephone Support Service” and supported people being discharged from community and acute hospital settings. Our “Step Forward into Volunteering and Employment” programme helped 60 people with experience of significant mental health problems to achieve paid employment (28) or volunteer opportunities (32) in North Cumbria. We also launched our Better Mental Health toolkit and increased our support to employers. This programme is delivered in collaboration with The Glenmore Trust, Carlisle and Eden MIND and Together We. Our “Action for Health” network met five times throughout the year (74 organisations attending) and our 852 members received 21 Health and Wellbeing bulletins. The Mental Health provider forum also grew its membership to 541 members. After eight years of continuous delivery, our “Inspiring Barrow” programme completed it’s last funded year of activity in Barrow, working with 22 schools in the area to help children with improved confidence, enhanced teamworking, leadership and communication skills. Over 1,700 young people benefited from this programme during its lifetime, changing futures and inspiring the next generation. In October 2023 we launched the South Lakeland “Poverty Truth Commission”, bringing together people with lived experience of poverty to share their experiences and influence key decision makers. The programme’s community commissioners contributed to a series of short films about their experiences, now available on YouTube and the Cumbria CVS website. ## _**Supporting and developing the third sector’s strategic influence across Cumbria and beyond**_ We continue to support the Cumbria Third Sector Network Executive (TSNE), working closely with Cumbria’s public and private sector to promote opportunities to represent and promote collaboration with the third sector. The changes in local government, health and wellbeing system, Local Enterprise Partnership and many other related bodies has made TSNE representation more challenging but every more important. Our Community Resilience Co-Ordinator has continued to support county-wide work on community cohesion, emergency planning and response as well as further developing the Poverty Strategy Reference Group. Adverse climate-related events continue to disrupt communities, through power outages, damage to public highways and travel infrastructure and of course the risk of flooding. Cumbria CVS staff continued to engage in a range of public sector groups and bodies, seeking to represent the views of our members and the wider third sector. We are active across two NHS Integrated Care System regions, two local authorities and too many working parties, strategy workshops and steering groups to count! We continue to work with and support Cumbria’s other infrastructure bodies, including Cumbria Community Foundation, Cumbria Youth Alliance, Cumbria Funder’s Network, Action for Communities in Cumbria and Active Cumbria – seeking to reduce duplication and improve collective value. ## **d) Factors relevant to achieve objectives** The Covid-19 pandemic and recovery phase began to ease this year but we maintained our commitment to flexible, hybrid working. The impact of inflation and national political turmoil increased the cost of living and as ever, those in the most deprived areas of Cumbria were worst affected. The financial position of some of our long-term partners led to reductions in the level of core grants we receive, stretching our resources ever further at a time of highest need. ## _**Fundraising activities**_ Cumbria CVS does not currently carry out any fundraising activities. ## **FINANCIAL REVIEW** ## **a) Going Concern** After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Two properties were reclassified as held for sale in the period with their sales proceeds being realised in the 24/25 year and improving the free reserves position. For this reason, they continue to adopt the going concern basis in preparing financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies note 1. Page 6 ## **Cumbria Council for Voluntary Service** ## **Trustees' Report for the Year Ended 31 March 2024** ## **b) Reserves Policy** The Board of Trustees, in accordance with the agreed policy, regularly reviews the level of reserves held by Cumbria CVS. The Policy was updated in June 2020, was reaffirmed in 2021 and was reviewed in August 2023, where Finance Committee agreed to retain it unaltered. As previously, it states that sufficient reserves should be held to address a range of adverse circumstances including supporting continued operations in periods of financial difficulty and to cover outstanding liabilities in the event of Cumbria CVS ceasing to operate. On this basis the Board of Trustees has agreed that, ideally, the minimum threshold level of unrestricted cash reserves to be held should be £175,000, and a maximum of £350,000. These figures are reviewed regularly by the Finance sub-committee and adjusted when appropriate. On 31st March 2024 Cumbria CVS has total net assets amounting to £1,034,614 (2023 - £1,156,164). The majority of reserves are allocated as restricted funds held for on-going restricted projects. Unrestricted reserves at 31st March 2024 totalled £330,654 (2023 – £371,685), including unrestricted fund assets of £327,136 (2023 - £596,933) being held as fixed or investment assets in addition. The ‘Free Reserves’ as calculated in accordance with SORP requirements are now negative £135,592 (2023 - negative £39,136). The Board of Trustees has approved a budget for 2024/24. As the level of unrestricted cash reserves were below the minimum level at 31st March 2024. The Trustees have agreed to a process for continued close monitoring of assets and reserves. It will take time to replenish unrestricted cash reserves to the minimum threshold level and the Trustees will regularly review and update a replenishment plan to achieve this over the medium to long term. ## **c) Material Investment Policy** Cumbria CVS operates in accordance with the powers detailed within its Memorandum and Articles of Association. The Board of Trustees has approved a Policy for the Investment of any surplus funds and/or reserves which supports the principles of ethical investment. It provides for an appropriate balance of; - maintaining and, if possible, enhancing the value of the invested funds, so as to enable the charity to carry - I. out its purpose in the longer term, and - where possible, providing an income for the Charity to carry out its activities and purpose effectively in the - II. short term; During 2023/24 investment was restricted to receipt of monthly interest on immediate access bank/building society accounts, and the charity’s continued investment in property. ## **d) Principal Risks & Uncertainties** The principal financial risks and uncertainties for Cumbria CVS are: - The risk of potential volatility in the value of and uncertainty in receipt of sufficient annual funding grants, - I. particularly unrestricted funds. This risk may be somewhat exacerbated by the UK wide economic impact of the COVID-19 pandemic. - The risk that economic uncertainty may also create a short to medium term risk for the market value of our - II. property investments, and their ability to generate rental income for the charity. - The risk that the cost of fulfilling proposed individual project activities is not accurately calculated and budgeted to ensure that grant funds are sufficient; and the associated risk that funded projects are not - III. effectively managed in line with their finite budgets. This risk is managed operationally by application of clear policies and procedures to ensure accurate funding bids and project budget management. These risks and uncertainties are closely and regularly monitored by senior management and by the Board of Trustees in accordance with agreed financial risk management objectives and Policies. Ongoing financial performance is monitored closely to ensure that risks are not materialising into issues, and to decide what remedial action is required should they materialize. ## **e) Financial Risk Management Objectives & Policies** A system of financial planning, reviewing, and reporting is in place to assist the Board of Trustees in maintaining very close monitoring of financial performance whilst unrestricted cash reserves are at low levels. The objectives of financial risk management are to make sure that Cumbria CVS develops and maintains sustainable, compliant, financial health by ensuring that: Page 7 ## **Cumbria Council for Voluntary Service** ## **Trustees' Report for the Year Ended 31 March 2024** - an Annual Budget is agreed and approved by the Trustee Board each year and that performance against - i. the approved Annual Budget is frequently reviewed by both management and Trustees, - there is clear accountability and defined authority levels for grant bid submission, project budget approval, - ii. and operational expenditure, - procurement of goods & services is conducted in accordance with the principle of Best Value and in - iii. accordance with the seven principles of public life. The Procurement Policy was updated in September 2020, - the charity is protected as far as possible against the threats of financial crime, money-laundering, and - iv. fraud; and that protective procedures are fully compliant with regulatory requirements. These objectives are supported by the creation and application of the following Policies. - Financial Policy - Reserves Policy & Investment Policy - Expenses Policy - Procurement Policy - Anti Money Laundering & Anti Fraud Policies ## **f) Principal Funding** The Statement of Financial Activities shows a net decrease for the year of £121,550 (2023 – increase £274,829). This results in total reserves at the end of the period of £1,034,614, with £330,654 being unrestricted (includes revaluation reserve of £90,645) and £703,960 being restricted in nature. More details can be found in the notes to the financial statements. The principal funding for Cumbria CVS is in the form of the receipt of grants. These may be unrestricted grant awards to support the overall aims and objectives of the charity, or restricted grant awards designed to deliver specific and clearly defined individual activities. For 2023/24 Trustees expect that there is likely to be a broad balance of unrestricted expenditure relative to unrestricted income. It is not currently anticipated that unrestricted reserves will be materially increased in the coming financial year. However, trustees will commence replenishment if operating circumstances allow. ## **STRUCTURE, GOVERNANCE, AND MANAGEMENT** ## **a) Constitution** The charity is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 22nd March 2007 and registered as a charity (no. 1119671) on 15th June 2007. ## **b) Methods of appointment or election of Trustees** The management of the charity is the responsibility of the Trustees, who are elected and co-opted under terms of the Articles of Association. The Board of Trustees consists of a minimum of 5, and a maximum of 12, Trustees elected by the membership at the AGM. A Chair, Vice-Chair and Treasurer for the ensuing year are elected at the last meeting of the Board of Trustees prior to the AGM. The Trustees have the power to co-opt an additional 3 persons to the Board at any time. ## **c) Organisational Structure and decision-making policies** Cumbria CVS is an independent charity and company limited by guarantee. It supports third sector organisations, helping them to build their capacity, sustainability, and effectiveness. The Trustees are responsible for overall management and control, and receive reports from the Chief Executive Officer, HR sub-committee, and Finance sub-committee on a regular basis. Cumbria CVS Trading Limited is a subsidiary of the charitable company and was incorporated as a private company limited by shares on 24th September 2013. Cumbria CVS Trading Ltd was placed into dormant status in 2021, remaining as an asset with a £1 nominal value on the balance sheet. Page 8 ## **Cumbria Council for Voluntary Service** ## **Trustees' Report for the Year Ended 31 March 2024** ## **d) Policies adopted for the induction and training of Trustees** All new trustees are provided with a pack of information upon appointment and attend a general induction session delivered by the Chair and Chief Executive Officer. Cumbria CVS runs at least one staff and Trustee training day each year and arranges in-house training to meet identified needs on an ad hoc basis. An annual Trustees’ skills audit is carried out and this informs both continuing Trustee development and the recruitment of new Trustees as required. ## **e) Pay policy for key management personnel** Cumbria CVS has a policy of ensuring that each role within the charity has a defined job description and person specification setting out key areas of responsibility and accountability. Each role is evaluated against Cumbria CVS pay grades which are based on the 2019 salary banding published by the National Joint Council for local government services. Individual salaries are applied within this salary framework on a case-by-case basis. For reasons of affordability and effective financial management the Board approved pay policy is not to apply an automatic annual increase in salary levels for any role, nor to operate a ‘performance related pay’ annual increase. However, the CEO and Trustee Board will consider, annually, the affordability and necessity of awarding a discretionary ‘cost of living’ increase, by reference to any inflation increase that may be applied to the NJC scales. Similarly, as roles change and develop, they may be subject to reassessment within this salary framework; and there may be occasions when temporary salary increases (up to 10%) can be awarded for additional responsibilities. ## **f) Related party relationships** Cumbria CVS is a member of the National Association for Voluntary and Community Action (NAVCA) and, as a member of this national organisation, has core functions (adapted to a local context) in common with other Councils for Voluntary Service across the UK. ## **g) Funds Held as Custodian** Cumbria CVS holds funds as custodian for informal groups that have been awarded grant funding or received donations but do not have a governance structure and/or the capacity/experience to manage those funds or where this is a requirement of the Funder. Details of these funds are contained within the Notes to the Accounts. ## **PLANS FOR FUTURE PERIODS** We will continue to build upon the operational team structure put in place during 2021/22 – with a particular emphasis on continuing to improve and develop financial reporting, reviewing our property strategy and seeking operational efficiencies. Cumbria CVS will continue to progress the implementation of its strategy, working with key partners to help the Third Sector, and Cumbrian communities as a whole, to build resilience to the changes impacting upon them. ## **DISCLOSURE OF INFORMATION TO AUDITORS** Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that: - so far as that Trustee is aware, there is no relevant audit information of which the charitable group's auditors are unaware, and - that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any - relevant audit information and to establish that the charitable group's auditors are aware of that information. ## **AUDITORS** The auditors, Dodd & Co Audit Limited, were appointed by the trustees in July 2021 and have indicated their willingness to continue in office. ## **Small company provisions** This report has been prepared in accordance with the small companies regime under the Companies Act 2006. Page 9 ## **Cumbria Council for Voluntary Service** ## **Trustees' Report for the Year Ended 31 March 2024** Approved by the Board on 27 November 2024 and signed on its behalf by: ......................................... S Gregory Trustee Page 10 ## **Cumbria Council for Voluntary Service** ## **Trustees' Responsibilities in relation to the Financial Statements** The trustees (who are also directors of Cumbria Council for Voluntary Service for the purposes of company law) are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and the Financial Reporting Standard 102 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records that disclose with 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. Page 11 ## **Independent Auditors' Report to the Trustees of** ## **Cumbria Council for Voluntary Service** ## **Opinion** We have audited the financial statements of Cumbria Council for Voluntary Service for the year ended 31 March 2024 which comprise Statement of Financial Activities, Balance Sheet, Cash Flow Statement and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: - give a true and fair view of the state of the charitable company’s affairs at 31 March 2024 and of the charity’s incoming resources and application of resources, including its income and expenditure, for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the requirements of the Companies Act 2006. ## **Basis for opinion** We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditorʼs responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRCʼs Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. ## **Conclusions relating to going concern** In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the [entity]’s ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. ## **Other information** The trustees are responsible for the other information. The other information comprises the information included in the annual report other than the financial statements and our auditorʼs report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Page 12 ## **Independent Auditors' Report to the Trustees of** ## **Cumbria Council for Voluntary Service** _......... continued_ ## **Opinions on other matters prescribed by the Companies Act 2006** In our opinion, based on the work undertaken in the course of the audit: • the information given in the trustees' report (incorporating the strategic report and the directors' report) for the financial year for which the financial statements are prepared is consistent with the financial statements; and • the trustees' report (incorporating the strategic report and the directors' report) have been prepared in accordance with applicable legal requirements. ## **Matters on which we are required to report by exception** In the light of the knowledge and understanding of the Charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Annual Report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: - certain disclosures of trustees' remuneration specified by law are not made; or - adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and returns; or - we have not obtained all the information and explanations necessary for the purposes of our audit. ## **Responsibilities of the trustees** As explained more fully in the Trustees' Responsibilities Statement set out on page 11, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal controls as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charityʼs ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. ## **Our responsibilities for the audit of the financial statements** Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following: Page 13 ## **Independent Auditors' Report to the Trustees of** ## **Cumbria Council for Voluntary Service** _......... continued_ - the nature of the industry and sector, control environment and charitable company’s performance; - results of our enquiries of management about their own identification and assessment of the risks of - irregularities; - any matters we identified having obtained and reviewed the charitable company’s documentation of their - policies and procedures relating to: - identifying, evaluating and complying with laws and regulations and whether they were aware of any - instances of non-compliance; - detecting and responding to the risks of fraud and whether they have knowledge of any actual, - suspected or alleged fraud; - the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations; - the matters discussed among the audit engagement team and involving relevant internal specialists, including pensions regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud to be in relation to revenue recognition and management override which, in common with all audits under ISAs (UK), we are required to perform specific procedures to respond to this risk. We also obtained an understanding of the legal and regulatory framework that the charitable company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act, Charities Act, pensions legislation and tax legislation. As a result of performing the above, in response to the risks identified, we did not identify any key audit matters related to the potential risk of fraud or non-compliance with laws and regulations. ## In addition to the above, our procedures to respond to risks identified included the following: - reviewing the financial statement disclosures and testing to supporting documentation to assess compliance - with provisions of relevant laws and regulations described as having a direct effect on the financial statements; - enquiring of management concerning actual and potential litigation and claims; - performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks - of material misstatement due to fraud; - reading minutes of meetings of those charged with governance, reviewing correspondence with HMRC; and - in addressing the risk of fraud through management override of controls, testing the appropriateness of - journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business. We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Councilʼs website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditorʼs report. Page 14 ## **Independent Auditors' Report to the Trustees of** ## **Cumbria Council for Voluntary Service** _......... continued_ ## **Use of our report** This report is made solely to the charity's trustees as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone othe than the charity and its trustees as a body, for our audit work, for this report, or for the opinions we have formed. ......................................... FIFTEEN Rosehill Joanne Thomlinson (Senior Statutory Auditor) Montgomery Way For and on behalf of Dodd & Co Audit Limited, Statutory Rosehill Estate Auditor CARLISLE CA1 2RW Dodd & Co Audit Limited is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006 Page 15 ## **Cumbria Council for Voluntary Service** ## **Statement of Financial Activities (including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) for the Year Ended 31 March 2024.** |**Note**
**Income and endowments from:**
Donations and legacies
2
Investments
3
Charitable activities
4
Total income and endowmnets
**Expenditure on:**
Charitable activities
Total expenditure
Net gains/(losses) on investments
**Net income/(expenditure)**
**Transfers between funds**
**Other recognised gains/(losses):**
Gains/(losses) on revaluation of fixed assets
**Net movement in funds**
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total Funds**
**2024**
**Total Funds**
**2023**
**£**
**£**
**£**
**£**
252,500 518,848 771,348 1,437,704
46,849
- 46,849 68,406
2,608 722,585 725,193 732,759| |---|---| ||301,957 1,241,433 1,543,390 2,238,869| ||398,984 1,307,876 1,706,860 1,964,040| ||398,984 1,307,876 1,706,860 1,964,040| ||5,000
-
5,000
-| ||(92,027)
(66,443)
(158,470) 274,829
14,076
(14,076)
- -
36,920
- 36,920
-| ||(41,031)
(80,519)
(121,550)
274,829
371,685 784,479 1,156,164 881,335| ||330,654 703,960 1,034,614 1,156,164| All of the Charity's activities derive from continuing operations during the above periods. The notes on pages 19 to 40 form an integral part of these financial statements. Page 16 |���  � �   � 
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