VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Company Reglstratlon No. 05756723 {England and Wale8) Charlty Reglstratlon No. 1426184
VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trusteos Mrs E Smilh MBE Mrs A Jacques Mr P Orme Mrs J Humble Mrs B Lucas Secretary L Saggerson Charlty number 1125184 Company numbèr 05756723 Reg18tered offlce 95 Abingdon Street Blackpool Lancashir6 FY11PP Independent Qxamlner Champlon Accountants LLP Unil 2 Otympic Couil Whilehills Buslness Park Blackpool Lancashire FY4 5GU Bankers Royal Bank ol Scotland PIC Drummond House 1 Redheughs Avenue Edinburgh EH12 9JN
VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED CONTENTS Pago Trustèès, report Independent examinèi's report Slalement of financial aclivilies Balance sheet Notes to the financial statements 9-20
VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT> FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their annual report and financi81 statements for th6 year ended 31 March 2024. The financial statements have bèen prepared In accordan with the accounting policies sèl out in note 1 to the flnanclal slalemenls and comply wilh Ihe charity's Memorandum & Articles of Associallon. the Companies Act 2006 and "Accounting and Reporknng by Charilies: Slalemenl of Rècommended Practi applicable lo charilies prepartng their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Iréland {FRS 1021" (effective 1 January 2019). ObJectlve6 and actlvltle8 The charily's objects afe to promote all or any ch8Titable purpose thè bènefit of the community with the arèa of bonefit in particular, the advancement of education, furtherance of heallh and the relief of poverty. dlstr6S$ and sickness. The policies adopted in fLirtherance of these objects are to promote volunteèring In genefal, offei advice on volunleering issues and provide support and Iiaining lo volunle6rs. lo support volunteer placement organisallons and to PTomote and organise co-operation in advancement of these purposes and brlng togelheT the council, representatives tsf thè voluntary organisations. stalulory aulhofilies and agencies, community associations and Indlviduals wllhin the ar68 of bènefit. TheTe has been no change in these aclivilies d(Aring tho year. The Iruslees have paid due regard to gul(Janc8 issued by Ihg Charity C¢)mmisslon In d&cidlng wha( aclivilies the charlly should undertake. The chaftty's key proj8Cts and services over this financial year have been.. Borrow11 Blackpool Social Prescribing Llnk Worker service (Let's Connect) FleeOOd & Wre Youth Hub Blackpool Cost ol Living Support Blaekpool Community Action NeOrk strengihenlng Communities Palhways lo Health and Employment (Posllive Futures) Upskllllng Health and Socigl Care Workforce across Lancashire Homes for Ukraine Cycling project Know Your Neighbourhood Communlty Navigators Ukralne Infrastructure Fund Project activlty and servi¢e delivery has been supported by: The National Lollery Community Fund via the Bl8ckpool Beller Start Partnership European Social Fund Blackpool North Primgry Care Nerk re and Fylde Rural Extended N&iwork Plary Caro No0(k National Health Service Department for Work and Penslons UK Shared Prosperity Fund via Blackpool CouncA Household Support Fund via Blackpool Council Blackpool Council Cycling UK Department for Culture, Media and Sport Blackpool Coastal Housing Tenants Support Fund Biilish Red Cross via NAVCA
VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achlevèments and performance In 2023-24, Ihe Volunteer Centre Slrategic Obj'eclives have remalned to.. Sustain and grow current workslreams. Support voluntary and community organisalion in Blackpool. Wyrè and Fylde. Develop partnerships and partnership opportunilies. Secure the long-lerm sustainability of the Volunleer Centre. Malnlaln a good governance s1ructu. 81ackpool CAN Icommunlly Action Me0} - hll s'.lthvM.black Ican.co.ukl Is a partnershlp bee8n Volunleer Centre Blackpool, Wra and Fylde IVCBWF). Cillzens Advice 81ackpool (CAB) and Social Enlerprlse Solullons CIC {SESCICI which had been fomed lo provide infrastructure support to build the capacity of the Volunlary, Communily, Faith, Social Enterprise IVCFSE} sector in Blackpool through Shared Prospefily Funding until 3111 March 2025. Volunteer Centre Blackpool, Wre and Fylde is th8 lead organisalion for the prolecl. Following th8 Blackpool CAN launch on the 281h Mar¢h 2023. the partn@rship dellvered the following aclivities durlng lh6 2023-24 finan¢ial year. Volunt8er brokerage support lo help r&sklents find sullable volunteering opportunltles. Promoting of volunteering Ihrough outreach. events and soclal media. Volunteer Programme development support lo volunteèr involving organlsations. Community Engagement aclivilies to support the developmènt of local community action nètsvorks, Bi-monthly Fyld8 Coast Resili8nce N8hvork meetings to bring the public, priva16 and Voluntary, Community, Faith. Soclal Enterprise IVCFSE) sectors IcwJ6lheT to llabOrate, raise awarèness of each olhei, share knowledgè. Information and support. Bi-monthly Volunteer Coordinators NeOrk ID support volunleer involving OTganlsalion to $h8re good pr8cllc6, knowledge, informalion and support. Deliver 8 eapacily building small grants programme lo the VCFSE sector in Blackpool. Support lo aid the development of the Blackpool North Regeneralion Group. Meet the Funders event al Blackpool Tower th prèsenlalions m8de by NalSonal Lotlery Communlty Fund, Arts Council, Nalional Lottery Herilage Fund. Poslcode Lollery, Community Foundation for LancashSre & Merseyside, Blsckpool Councll and VINCI Building to over 300 allend88S. Hosting of National Lollery Communily Fund advice sessions for polÈnlial gfanl applicants. Support lo new and emerging groups lo become formally constiluted. incorporated. Business support to social enterprises, Awarèness raising of Blackpool CAN lo the NHS and olher slalulory bodlés. Support lo Blackpool's Herilag8 Forum to access grant fundlng, training and voluntèer support. Plannlng and delivgry ol the inslallallon ol water bulls by volunteers for Blackpool housoholders In 8UPPOrt ol Blackpool Councils Shared Prosperity Fund Community Flood Risk Reduclion projecl. LOCAL project Volunteer Falrs Governance workshop Slralegic partnershlp working meetings with Blackpool Coastal Housing and Blackpool & The Fylde CoSlege Administration of a small grants programme for VINCI building Meeting with Blackpool Councils Cabinet Member for Young People and Asplratlon to discu89 the developmenl of a volunleeriNJ pathway for young people In April 2023, Borrow 11 Blackpool was officially launched. and 34 members jolned the scheme durlng Ihe financial yoar. With fundlng from the 81ackpool Coastal Housing Tenants Project Fund and the Household Support Fund, a series of cooking, sewing, DIY and painling and decorating workshops were delivéred across Blackpool lo upskill residents and enable them lo become more self-sufficieRI. Towards the 8nd of 2023-24 w& werè presented with a FY)lenlial opportunity lo secure premises lor Borrow 11 in the Central Drive aréa of Blackpool. As the premises will require significanl refurbislunent, we w¢ll be seeking further capital funds and In kind support in 2024-2510 carry this work oul. In June 2024, wo celebratèd National Volunteers Weèk by holding a presentatron event for our volunteers. To mark this year's National Volunteers Week. we commisstoned a local poel lo write a poem aboul volunteers and volunteering
VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 If BlackpDoI were lo look itself In th8 mirror. One of Ihe brlght Ilghls. shining in our reflection, Would be Ihe thousands upon thousands ol volunteers, Passing thiough the Volunteer Cenlre, since 118 inception. For 17 years we have been supporting, Our sèlflèss voluntèers out in Ihe community. Enriching the 5ives of so many, Showing dedication, resilience and unity. Volunteers are kind, Volunteers are thoughtful. Volunleers afe proud, Volunteers are resourceful. We want lo say thank you lo you, And celebrate all that you are. To recognlse that thèrè Is a place for anybody. To loin up wilh our team and raise the bar. By stepping out and helping olhers, A Volunteer will also help themsell. Improving 8ocSal conneclions, As well as mental gnd physical health. UndeT the guidance and vision, we've grown. 01 Davld, Ell6en and Lynn- to name bul a few The volunteer academy was created, Ensuring volunteers are valued and their support Is true. Not to mention our staff lean), Rèslding al Ihe Volunteèr hub almost every day, W61¢oming you with warmth- and a brew, A listèning ear whenever you've something to say. Bul wilhoul every single person's commilmonl, To improve local places and lives akin. BlackpDol would be a far worse place. We wouldn't even know where lo b8gin. We need you now more than ever, Togother, Ihe small things add up and keep our town intact. So, sign up and volunteer today, And begin your journey towards making a posllive impact. itien by Nathan Parker Also In June, we held an event at the Salvation Army in Blackpool lo celebrale R&fuge6 Week. The event brought refugees and their families together wtlh local agenc188 to conn8cI wlth each other, share fo(xl and enjoy music provided by local lalenl. In October 2023, we began delivery of the Shared Prospèrity Fund Communlty Namgators project in partnershlp with Citizens Advice Blackpool. The project is aimed al supporling people across the town who need addition81 support with base "life skills., accessing s6rvices lo enable them to claim welfare benefits, access health seTvice8, budget and m8nag6 thoir finances, 8ccess educalK)n and Iraining, secure suitable a(xommodation and olher vital help needed to move forward in life. In January 2024 we began a convefsalion with colleagues across Lartcashire & South Cumbria regarding a partnership funding application lo the NHS Volunteering for Heallh programme. An application was submilled in March 2024, with an expected outcome of May 2024 In March 2024 a furlher 12-monlh fundirKJ from the Depaitment of Work and Pensions for continued delivery of the Fleolwood and Wre Youth Hub was awarded. Also in March 2024. a 12-month contract lo address economi ina¢livity in Wre, in partnership with FleeOod Town Communily TrusL was awarded by re Council with the Volunteer Centre as the lead organisation.
VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 As always, the Boaid of Oiredors would like lo Ihank all the staff and volunleeTs al Ihe Volunlegr Centre, our 81akeholders, parlners and fund8rs, wilhoul whom none of Ihls work would be possible. The team al the Volunteer Centre conllnue lo endeav¢)ur lo overcome Ihe ongoing funding challenge8 Ihal many small ¢haiilies face whi181 se8king new and innovaliv8 ways in which lo supporl the communities they seNe. The Board would also like lo take Ihls opportunity to remember David Blower MBE, Chair of lh& Volunteer from 2006 10 2023, and Eileen Wood, the Volunta8r Céntra's Volunteer Coordinator from 2006 10 2023, bolh who sadly passed away In 2023 and are sorely missed by thèlr colleagues and friends. Flnanclal rèvlew The charity has incurred a surplus for the year of £31.86812023'. £21.418). This has been added lo the relain6d funds broughl foMard wllh the iesulling accumulated surplus of £174,106 12023. £142,438> belng carried forward lo next year. The Iiuslèas are satisfied with the resulls for Ihe year. 11 is noted that the accounts wlll be fi18d lale at Companies House and Ihe Charities Commlssion this year. Thls ha5 occurred due lo changes in the financè team after the accounting perlod end and staff Illness in the laller part of the year. Th& Trustees are fully awar8 Of Ihelr filing obligatlons and will ensur8 Ihal Ihe current year accounls are completed wllhin Ihe relevant lim8 limits. 11 is lh& pollcy of the charity th81 unreslricled funds which have not been designatèd for a specific us& should be mainlalnod al a level equivalenl lo between three and slx monlh's expenditure. Thè Iruslees consldèr that reserves al th18 level will Ènsure that, in the event ol a significant drop in funding, thèy will be able to conllnue Ilie charilrfs current activilies while consideialion Is given Io ways in whlch addllional lunds may be ralsed. Thls levél of reserves has not bÉ8n achleved al Ihe year 8nd. The Iruslees have ass6ssed thé major risks lo which lh& charity is exposed, and are salSsfied that $y$lems are in place to miligale exposure lo the malor risks. Structure, governan¢e and managèmènl Th8 charity is a company Ilmiled by guarantee e$tgbli$hed in Apfil 2006. Th9 Iruslees, who are also Ihe dlrectofs for Ihe purposè of Company law, and who seNed during the year and up to Ihe dale of 9ignalure of the financial statements were.. Mrs E Smith MBE Mrs AJacquès Mr D Blowèr {resigned 2 Aprl 2023) Mrs J Humblè Mrs B Lucas Mr P Orme Trustees are elected by vo16 al Annual General M8Otings. They receive appropriale Irainlng for Ihe role of Irustee, None of Ihe trustees has any benefial inleresl in the company. All of tho Iruslees are membors of Ihe company and guaranlee lo conlribule £1 In Ihe event of a winding up. The trustees have had duè regard to gutdance published by Ihe Charity Commission on publlc bènelit arKI has applied this in ils day lo day runnlng of the seTvices provided.
VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The organisalion Is managed by the Boafd of Trustees who delegala th& day to day runnlng of the organisation to the Volunteer Cenlre Chief Executive who is Lynn Saggerson. Thg ITuslees' report W88 approved by the Board of Trustees. Mrs E Smlth MB Trusteè Dated.. J.........rfi.a SOL
VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED report to Ihe trustees on my examination of Ihe financial statements of Volunteer Centre Blackpool, Wre and Fylde Limited (the charlly) for the year ended 31 March 2024. RegponslbllStle8 and basls of report As the trustees of the charity {and also ils dweclors lor Ihe puiposès of company lawl, you are respon5ib18 for Ihe preparglion of the financial slalements in accordance wilh the requirèmènt8 of the Companies Act 2006. Having sallsfled myself that Ihe financi81 statemenls of the charlty are not required lo be audited under Part 16 of the Compan165 Act 2006 and are eligible for independenl examination, I report in respect ol my examlnalion of Ihe charity's financial statemènts carried out under section 145 01 the Charities Act 2011. In carrying out my examlnallon I have lollowed Ihe Direcllons given by the Chafily Comm15slon under seotion 145(5llb) of Ihe Charitles Act 201 f. Independent examlnels 8tatement Since the cliarlly's gross incom6 6xcÉèded £250,000, the independent examiner musl be a membar of a body Ilsted In section 145 of the Ch8rilies Act 2011. 1 Confirm Ihal l am qualified lo undertake the examination because l am a member of ICAEW, whlch Is one of Ihè lisied bodies. I hav8 compl8ted my examinallon. I confirm th81 no matters have come lo my attenlion in conneclion wilh the examination givlng m8 c8use lo beli8v8 that in any malèrlal respect.. gccounling fecords were not kept in respecl of Ihe charily as requlred by s6ctlon 386 of Ihe Companles Act 2006. Ihè financlal statemen18 do not accord with Ihose records; or Ihè financlal 6lalemenls do not comply wilh Ihe accounting requirements of section 396 of thè Compani&s Act 2006 othèr than any requiremeF)I that the financial sla18menis glve a Irue and falr vlew, which Is not a mallei considérèd a$ part of an independ8nl examlnalion., or the financial slalements hav8 not bèen prepared in accordance with lh8 methods and prinelple$ of the statemenl of Recommended Praclice for aecounling 8nd reporting by charilies appllcable lo ¢harllles preparlng Ihelr financial slalemenls in accordance wilh the Financlal R8POrting Standard appllcable In thé UK and R8public of Ireland IFRS 102). I have no concerns and hav6 Come across no other matters In connection with Ih@ 8xaminaliDri to whlch attention should b8 drawn in Ihls reporl in order to enable a proper undèrslanding of the financlal slalemenls lo b8 reached. Champlon Accountant8 LLP A-C COLL£Lko LLP Unll 2 Olympic Court Whilehllls Business Park Blackpool Lancashiie FY4 5GU FY4 5GU
VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestrlcted Restrlcted funds funds 2024 2024 Total UnrÈstrlcted Rèstrlctèd fund8 funds 2023 2023 Total 2024 2023 Not68 Incom& from: Donations and legacies Charitable aclivilies Investments 907 12,830 907 645,003 903 632,173 903 7.300 454,222 404 461,522 404 Total Incomo 13,737 633.076 646,813 7,300 454,626 461,926 Expendlture on: Ralsing funds Cheri18ble activities 11.916 597.684 11,916 603,229 6.216 426,993 6,215 429,693 5.$45 2,700 Total expendltvre 5,545 609,6CKJ 615.145 2,700 433,208 435,908 Net Income 8,192 23,476 31,668 4.600 21,418 26,018 Transfers between funds 25,002 (25.002} Other re¢ognlBed galns and1088e8: Aeluarial losses on delined benefil penslon $ch8mes (4,600) (4,6001 Nèt movement ITr fund8 33,194 (1,5261 31.668 21,418 21,418 RÈconclllatlon of funds: Fund b81ances at 1 April 2023 142,438 142.438 121,020 121,020 Fund balances at 31 March 2024 33.194 140,912 174,1C6 142,438 142,438 The statement of financial acttvilles Indudes all gains and losses recognised in the year. All income and exp8nditure derive from conllnuing aclivilies.
VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED BALANCE SHEET ASAT 31 MARCH 2024 2024 2023 Nole8 Flxed assel$ T8nglble assets 13 6.990 10,127 Currènt a88et8 Debtors Cash al bank and In hgnd 14 136,385 90.603 70,751 78,837 226.988 149.588 Cred5tors.' amounls falllng duo wlthln ong year 15 (58,872) (16,277) Nèl current a88ets 188,116 133,311 Total as8èts1888 ¢urr•nt Ilabllltle8 175,108 143,438 Defined benefil pènslon liability 18 (1,000) (1,000) Net as8e16 174,108 142,438 The fund8 of Iho charlty Re51ricled Income funds Unr8slricled funds 16 17 140,912 33,194 142,438 174,106 142,438 The company Is ènlitled to the exemption ffom audit requiremènt contained In section 477 of the Companies Act 20, lor the y6ar ended 31 March 2024, Thè dlreclors acknowledge Ihelr r8sponsibilities for complying with the requiremenls of the Companles Act 2006 wilh respecl to accounllng record8 and Ihe preparation of ftnancial statements. The members have nol required tho company lo obtain an audit of its financial slalements for lh& year In qu&slion In accordance wilh section 476. These financlal stalemenls have been prepared in accordanc8 Wth Ihe provislons applicable lo companles sublect to the small companies regime. The financial statements were approved by the trustees on.................. zoz Mrs E Smith MBE Truslee Company registration numb&r 05756723 {England and Wales)
VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 A¢¢ountlng pollcles Charity informatlon Volunteer Centre Blackpool, Wre and Fylde Limlled is a private company limited by guaranlee incorporgled in England and Wales. The regist&red offTrce Is 95 Abingdon Street. Blackpool, Lancashire, FY1 1 PP, 1.1 Aecountlng ¢onventlon The financial statements have been prep8red in accordan with the charity's Memorandum & Articles ol Association, the Companies Act 200$, FRS 102 'The Flnanclal Reporiing Slandard applicable in Ihe UK and Republic of Ireland. {"FRS 102°) and the Charili&s SORP "Accounting and Reporting by Chariliès.. Slalemenl of Recommended Practicè applicablo to charilios preparing their accounts in accordance wlth Ihe Financial Reporting Standard applicable in the UK and Republic of Irèland (FRS 102)" (èffective 1 January 2019}. The charily is a Public Benefit Entity as defined by FRS 102. The charlly has taken advanlage of the provisions in the SORP for charilie$ not to pr6p8re a Statement of Cash Flows. The financial statements are prepared in sterling. which is the functional currency of the charity. Monetary amount6 in these financial statements are iounded lo thé nearest £. The fin8n¢ial slalemenls have been prepared under the hisloricAI cosl convention. The pilnclpal accounting policl&s adopl8d ar8 S8t out below. 1.2 Golng concern At the Ilme of approving the financial statements, the trustees have a reasonable expectation Ihal the charlty has adequate resources lo continue in operallonal existence for the foreseeable fulure. Thus th& Ifuslees continue to adopt the going concern basis of accounling in preparing the financial slalem8nls. 1.3 Charltable funds Unreslrlcted funds are available for use al Ihe discretion of th6 trustees in furtherance of their charitablè obleclives. Reslrlcled funds are subject to specific condllions by donors or grantors as lo how they may be usèd. Thè purposes and uses of the feslricled funds are sel out in the notes to Ihe financial statèmenls. Endowment funds are subject to specific condillons by donors that the capilal musl be malnlalned by the charily. 1.4 Incomè Income is recognised when the charily is legally enlilled to il after any perloTmance cDndilion$ have been rnet, the amounts can be measured reliabty. and il is probable that income will be received. Cash donalions are recognlsed on receipl. Olher donations are recognised once the charity has been notified of the donation, unless performance condilions require defe(ral of Ihe amount. Income lax recoverable in relation to donations feceived under Gift Aid or deeds of covenant is recognised at the Ilme of the donation. Legacies are recognised on receipt or olherwise if the chgfity has been notified of an Impendlng distribution, the amount 13 known. and receipt is expected. If the amount Is not known, the legacy is treated as a contingent asset. Deferred income relates to grants rèceived for specific expendilLtre over a specified pèrlod of lim6. A portion of the grant is carried fOard as deferred income and matched against èxpèndlture in the relevant period.
VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED> FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcle8 (Contlnuèd> 1.5 Expendlture R6slrlcl&d lunds are to bè used for the specific purpose determined by the grant provkler. Expenditure which meals Ihls criteria is identified to Ihe fund, together wilh a fair allocation of management and support costs. Unreslricled funds are other income received Dr g8neraled for charitable purp08e$. All expendllure is accountèd for on an accruals basis and recognised when the liability 1$ incurred. 1.6 Tanglblè flxed assets Tanglble fixed assels are Initially mèasured al cost and subsequently measuffjd al cost or valuatlon, nel of depreclallon and any ImpalTmenl lossès. Depreciation is Tecognised so as lo write off the cost or valuation of a55els less their residual values over thelr US8ful Ilv&s on the followlng bases.. Planl and machlnery Fixiufes, fillings & equipment 25 % on cost 25 % on cost The galn or loss arising on the disposal of an asset is delermlned as the dlfference between the sale proceeds and Ihg carrylng value of the asset, and is recognlsed in the sialement of financial aGlivilie8. 1.7 Impalrment of flxed asset8 Al èach reporting end dalè, the charity r6viéws Ihe carrylng amounts of its langibla assets lo dètermine whèther there is any iftdicalion Ihal those assèts have suffer6d an Impairm8nl loss. If any such indiealion èxlsls, Ihè recov8rabl8 amount of the asset is èstimated in order to delemiin8 the 8xlent of the Impalrmènl 108s (If any). 1.8 CaBh and cash equlvalent8 Cash and cash equivalents include cash in hand, deposits held al call with banks, other short-lerm liquld invèstmènts with orlglnal malurilies of Ihree monlhs or less. and bank Ovafdrafts. Bank ovgrdrafts ar6 shown wilhin boTiowings in currenl liabili118S. 1.9 Flnanclal In8truingnt8 The charity has elected lo apply the wovislons of Seclion 11 'Bastc Finanelal Insl(umenls' and S8cllon 12 'Olher Financlal Instruments Issues, of FRS 102 to all of ils financial Snslrumenls. Flnanclal Instruments are recognised In the charity's balance sheet when Ihè ¢harity becomes party to th8 conlraclual provisions of the inslrumenl. Financial assets and liabilities are offsel. wilh the net amounts presented In the financlal stalemen18, when there is a legally enlorceabl8 right to sel off th6 recognised amounts and Ihore is an Inlenllon lo sellle on a nèl basls or lo realise the asset and sellle Ihe liabilily simultaneously. Baslc flnanclal assets Basic financlal assets, which indude debtors and cash and bank balances. are initially measured al transaction price Including transaclion costs and are gub5equenlly carried at amortised cost using Ihe effective inlerest melhod unless the arrangement con51ilules a financing Iransaclion, where the transaction is measured gt Ihe present value of the future reIP1S discounted at a market rale of interest. Flnanclal gsgels classified as receivable within one year are nol amortised. 10-
VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting pollcios Icontlnued) Basle Alnanclal Ilabllltles Basic financi81 liabilities, including creditors and bank loans are initially Tecognised at Ifansactlon price unless the arrangement constilules a financing transaction, where the debt instrument Is measured at Ihe presenl value of the future payments discounted al a market rate of interest. Flnancial liabiknlies classifted as payable within one year are not amortised. Debt inslfumenls are sUbSeqant1Y cartléd at amortised cost. using the effective intere81 fate method. Trade credilors arè obllgations to pay lor goods or services Ihal have been acqulred in the ordinary course of operallons from suppliers. Amounts payabSe are classified as current liabilities if paymenl is due wilhin one yèar or 16ss. If not. they are presented as non-¢urrenl liabilitie5. Trade credllors are recognised initially 81 transaction price and subsequently measured at 8mortised cost using the 8ffective inleresl method. Derecognltlon olllnanclal Ilabllltles Financial liabiliti88 are d8recognlsed when the charills contractual obllgalions expire or are distharged or cancellèd. 1.1 O Employeè benèflts The cost of any unused holiday enlillement is recognised In the pariod in whlch the employe8'8 servicks are received. Terminallon benefits are recognised immedialety as an expense when the charity is d8monslr8bly commilled lo lermin8le the employment of an employee or lo provide termination benèflls. 1.11 Rètlrement beneflts The charlty operates a defined conlribullon pension scheme. Contribulion$ are Charged In the accounts as they become payable in accordancè with the iul&s ol Ihe scheme. The company opèrated a dofined benefit pension scheme for certain former employees. The assots ol the 8cheme ar6 hold separately from Ihose of Ihe ¢harlly.The regular cost of providing reliremenl pen5ion5 and felated benefits is charged to the slalement of financial aclivilles over Ihe employees. Servi lives on tho basis of a cons18nl percentage of egrning5. Any difference between the charge to the slalemenl ol flnancial aclivilies and the ¢onlribulions paid to the scheme Is shown as an asset or liabillty in Ihe balance sheet. The nel Int6resl element is determined by multiplying the nel defined benefit liability by th6 dlscount rate, taking into accounl any changes in the net d6fined benefil liability during Ihe peri¢)d as a re5uII of conliibulion and benefil payments. The nèt Interest is recognised in incomellexpenditUTe) for Iho year. Remeasurement changes comprise actuarial gains 8fKI losses. the effect of the asset ceiling and Ihe return oft the nel defined benefit liability excluding 8rnounls included In net Interesl. These are recognised imm8dlalely in other recognised gains 8nd losses in the period wi whith they occur and are not reclasslfted to incomel (expenditure) in subsequent periods. The nel defined benefit pension asset or liability in the balance sheet comprises tha total lor o8ch plan of the present value of the defined benefit obligalion (using a discount rale based on high quality corporate bonds), less the fair value of plan assets out of which the obligations are to be setlled direclly. Fair value is based on market price infomiation, and in the case of quoted securities is Ihe published bid price. The value of a nel pension benefit assot is Ilmiled to the amount Ihat may be recovered either through reduced contribvlions or agreed rèfunds from the scheme. 11
VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Crltlcal accountlng ostlmatos and ludgements In the application of the charity's accounting policieg, the trustees are required lo make judgemenls, eslimates and assumplions 8boul the carying amount of assets and liabililies that are not readily gpparenl from other sources. The estimates a1 associated assumptions are based on historical experience and other factors that ale considered to be rdevanl. Actual results may differ from these eslimales. The eslimales and underlying assumptions are iavl8wed on an owolng basis. Revisions to accounting estimates are recognised in tho peii¢)d in which the eslwnate is Tevised wherè the revision affecls only thal period, or in the period of Ihe revision and future periods where the revision affects both curfenl and future perlods. Income from donatlon8 and lega¢los Unre8trlcled funds 2024 Unrè8trlcted funds 2023 Donations 9nd gifts 907 Incom• from Investmènts Restrlctgd fundg 2024 RèBtrl¢ted funds 2023 Interest recelvable 903 404 12-
VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Incomo from charltabl• actlvltles Grants Grants recelvable recelvable for for charltable charltab16 actlvltle8 actlvltles 2024 2023 Performance related grants Other income 632,173 12,830 454.222 7,300 645,003 461,522 Analyslg by fund Unrestri¢led lunds Restricted funds 12,830 632,173 7.300 454,222 645,003 461,522 Expendlture on ralslng funds Re8trl¢tsd funds 2024 Re8trlcted funds 2023 Fundralslng and publlelty Advertlslng 11,916 6,215 13-
VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expenditurè on charltable actlvltles Charltabla Charltable expendltuio expendltur8 2024 2023 Dlyèet costs Staff costs Rent Rates Room hlre Insurance Lighl and heat Repairs & malntenance Printing & Station8ry Telephone Travel expens88 Dlrèel project co818 Tralnlng Sundry èxpenses Pariner payments re.. Infrastructure support projèct Other charltable expendilure 451.667 488 2.301 1.574 6,479 5,418 3,627 2,762 6,203 1,330 16,863 612 11,187 76.101 1,153 356,946 271 417 255 4,448 2,923 4,027 2,937 4,675 3,542 30,224 6,978 907 587,765 418,550 Share of support and govornanco costs (8eo nota 91 Support Gov8rnance 5,573 9.890 4,976 6,167 603,228 429,693 Analysl8 by fund Unrestflcled funds Reslricled funds 5,545 597,684 2,700 426,993 603,229 429,693 N8t movement In funds 2024 2023 The net movement in lunds Is slated after charglngl{crediling)'. Fees payable for the independent 6xaminalion of the chariws finandal slatemonls Depreciallon of owned lar4Jible fixed assels 1,920 5,573 1,864 4,978 14
VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs allocatod lo a¢llvltle$ 2024 2023 Oeprecialion Governance costs 5,573 9.890 4,976 6,167 15,463 11,143 Analysed botween: Charilable activites 15,463 11,143 10 Trustees None ol Ihe trustees {or any P8fsons connected with tmI received any remun?rallon during the year, None ol the trustees recelv8d any expenses during the year (2023: £Nil). 11 Employ088 The 8v8rago monthly number of &mploye6s during the year was: 2024 Numbor 2023 Number 28 20 Employmgnt CO8t8 2024 2023 Wages and salaries Soclal secuflty costs Other pension costs 414,204 24,335 13,128 329,546 18,405 8,995 451,667 356,946 Thore were no employaÈs whose annual remuneralit)n was more than £60.tNJo. 12 Taxotlon The charity is exempl from laxati¢)n on its aclivities because all Ils income is applied for charilable pvrposes. 15-
VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13 Tanglble flxed assets Plant and machlnery Flxlum8, Iitllngs & epulpmenl Tolal Cost Al 1 April 2023 Addlllons 41,802 2,435 19,356 61,15B 2,435 At 31 Mareh 2024 44,237 19,356 63.593 Depreclatlon and Impalrmont Al 1 April 2023 Depreciation chargèd In the year 33.115 4.749 17.915 824 51,030 5,573 Al 31 March 2024 37,864 18,739 56,603 Carrylng amount At 31 March 2024 8,373 617 8,990 At 31 March 2023 8.687 1,440 10,127 14 Debtors 2024 2023 Amounts falllng due wlthln one yaar: Trade debtors Prepayments and accwed Income 129.926 6,459 70,502 249 136,385 70,751 16 Credltor8: amounts falllng due wlthln one year 2024 2023 Other 18xation and soclal security Trade Cfedilors Accruals and deferfed Inccmne 6,364 2.442 50,088 6,323 4,121 5,833 58.872 16.277 16-
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VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Unrèstrlcted funds The unrestricted funds of the charity comprise Ihe unexpended balances of donatk)ns and grants whlch are not subject to specific condilions by donors and granloTs as to how Ihey may be used. These include d6signated funds which have been set aside oul of unreslricted funds by the Iiuslees for speclfic purposes. Transfèrs Galns and At 31 March 1088è8 2024 At 1 Aprll 2023 Incomlng Resources resourtes expènded General fund$ 13,737 (5.545) 25,002 33,194 Prevlous yoar: At 1 Aprll 2022 In¢omlng Re80ure8S re80urces èxpondod Tran8ffrr6 G8ln8 and At 31 March 106se8 2023 General fund8 7.300 (2,700) 14,6001 18 Retlrement bènotit schemès Dellned ¢ontrlbutlon 8chemè8 Tha charity operates a defined conlributi¢)n pension scheme for all qualifylng employees. The assets of the schemg are held sepaTately Irom those of Ihe charity in an ir)dependenlly administered fund. The contrlbullons payable by the company for the year were £13,128 {2023 -. £8,995). Doflned benèflt 8chemeB The company opèrated 8 pension scheme providing benèfits based on final pension8bl8 pay whlch commenced on 1 April 2013. None of the cuirent employees ale members of the scheme. Tha assets of the scheme are held separately from those ol the company. being invested with InsuTanc& companles. There were no conlfibutions to Ihe scheme during Ihe year. There are no acllve mombers In thé scheme and as such the company is not required to m8ke any coniributitsns in r8specl of fulure seNice. The assumptlons which have the most significant effect on the results of the valualion are those relating to the rale ol return on Investments and the rates of increase in salaries and pensions. It was assumed Ihat the investment returns would bé 3.7¥9 per annum, that salary ii)cr6ases would avorage 2.5% pel annum and that PTesent and future pensions would increase at the rate of a maximum of 2.7Yo por anftum. The pension charg8 for the year was £Nil12023: £NII). The company is taking athce on the closur6 of the scheme now Ihat 815 employees have left. The last actuarial valuation was carried out al 31 December 2022. Mortalily assumplions The assumed lile expeclalions on relir6menl at age 65 are: 2024 Years 2023 Yèars Retiring today Males - Foma18S 22 24 22 24 Retiring in 20 years Males Females 24 26 24 26 19-
VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18 Retlrement beneflt s¢hemes {Contlnuod) The 8mounls included In the balance sheet arising Irom the charlty's obllgations In rèspect of d6fined bènefil plans are as follows: 2024 2023 Presenl value of defined b8nefil obligations Falr value ol plan a558t5 17,300 (16,300) 17,300 {18,300) Deflcll in sch6me 1,000 1,000 19 Analy818 of net a88ets betwaon fundè Unrostrlcted Re6trlcted funds funds 2024 2024 Total Unretslricled Reslricled funds funds 2023 2023 Total 2024 2023 Fund balancés at 31 March 2024 ara represented by.. Tangiblè assets Cuirènl assèlsllllabililiès) Pfovisionsand penslons 8.454 133,458 8.454 166,852 10.127 133.311 10,127 133,311 33,194 (1,000) (1,000) (1,000> (1,0001 33,194 140,912 174,106 142,438 142,438 20 Rèlatèd party tr&n8aetlon8 Ther8 were no dlsclosable related party Ir8nsacllons during the year (2023- non8). -20-