OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← Volunteer Centre Blackpool Wyre And Fylde

2025-03-31-accounts

VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025 Company Registration No. 05756723 (England and Wales) Charity Registration No. 1125184

VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mrs E Smith MBE Mrs A Jacques Mr P Orme Mrs J Humble Mrs B Lucas Secretary L Saggerson Charity number 1125184 Company number 05756723 Registered office 95 Abingdon Street Blackpool Lancashire FY1 1PP Independent examiner Champion Accountants LLP Unit 2 Olympic Court Whitehills Business Park Blackpool Lancashire FY4 5GU

Bankers The Co-operative Bank plc 1 Balloon Street Manchester M4 4BE

VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED

CONTENTS

Page
Trustees' report 1 - 4
Independent examiner's report 5
Statement of financial activities 6
Balance sheet 7
Notes to the financial statements 8 - 19

VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2025

The trustees present their annual report and financial statements for the year ended 31 March 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum & Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

The charity's objects are to promote all or any charitable purpose for the benefit of the community with the area of benefit in particular, the advancement of education, the furtherance of health and the relief of poverty, distress and sickness.

The policies adopted in furtherance of these objects are to promote volunteering in general, offer advice on volunteering issues and provide support and training to volunteers, to support volunteer placement organisations and to promote and organise co-operation in advancement of these purposes and bring together the council, representatives of the voluntary organisations, statutory authorities and agencies, community associations and individuals within the area of benefit. There has been no change in these activities during the year.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

The charity's key projects and services over this financial year have been:

Project activity and service delivery has been supported by:

VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Achievements and performance

In 2024-25, the Volunteer Centre Strategic Objectives have remained to:

Blackpool CAN (Community Action Network) - https://www.blackpoolcan.co.uk/ is a partnership between Volunteer Centre Blackpool, Wyre and Fylde (VCBWF), Citizens Advice Blackpool (CAB) and Social Enterprise Solutions CIC (SESCIC) that was formed to provide infrastructure support to build the capacity of the Voluntary, Community, Faith, Social Enterprise (VCFSE) sector in Blackpool through Shared Prosperity Funding until 31[st] March 2025. Volunteer Centre Blackpool, Wyre and Fylde is the lead organisation for the project.

The partnership delivered the following activities during the 2024-25 financial year.

In April 2024, a further 12 months funding to deliver Cost of Living support to Blackpool households was secured from the Household Support Fund via Blackpool Council.

Membership of Borrow It Blackpool and equipment loans continued to grow and further skill building workshops were delivered for cooking, sewing, DIY and painting and decorating. In September 2024, the VINCI UK Foundation gave a grant of £6,000 towards the refurbishment costs of premises for Borrow It Blackpool

Delivery of the Shared Prosperity Fund Community Navigators project in partnership with Citizens Advice Blackpool continued over the year and the target of 200 participants was exceeded. The project is aimed at supporting people across the town who need additional support with base “life skills”, accessing services to enable them to claim welfare benefits, access health services, budget and manage their finances, access education and training, secure suitable accommodation and other vital help needed to move forward in life.

In July 2024, as part of a Lancashire and South Cumbria partnership we became one of fifteen national Volunteering for Health Projects funded until June 2027. Our role within the project is to develop a place based volunteering strategy for Blackpool that will support a cross sector collaborative approach to volunteering in Blackpool.

VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Delivery of the Fleetwood and Wyre Youth Hub and Positive Futures in Wyre project continued in 2024-25, with the Youth Hub entering its 3rd year of delivery and Positive Futures in Wyre entering its 2nd year.

In November 2024, an application was submitted to the National Lottery Community Fund for 3 years funding for the BFriend and Wellbeing project to continue the project beyond the end of the Know Your Neighbourhood BFriend funding. If successful, the funding will also help to develop new initiatives within the project that will extend its reach and impact.

In December 2024, Blackpool’s Big Thank You volunteer awards were held at Blackpool Winter Gardens Conference Centre with the High Sheriff of Lancashire as the guest of honour and key speaker.

As always, the Board of Directors would like to thank all the staff and volunteers at the Volunteer Centre, our stakeholders, partners and funders, without whom none of this work would be possible. The team at the Volunteer Centre continue to endeavour to overcome the ongoing funding challenges that many small charities face whilst seeking new and innovative ways in which to support the communities they serve.

Financial review

The charity has incurred a deficit for the year of £18,684 (2024: surplus £31,668) and this has arisen as a result of spending restricted fund surpluses from prior years. This has been deducted from the retained funds brought forward with the resulting accumulated surplus of £155,422 (2024: £174,106) being carried forward to next year. The trustees are satisfied with the results for the year.

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has not been achieved at the year end.

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The charity is a company limited by guarantee established in April 2006.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mrs E Smith MBE Mrs A Jacques Mrs J Humble Mrs B Lucas Mr P Orme

Trustees are elected by vote at Annual General Meetings. They receive appropriate training for the role of trustee.

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company

and guarantee to contribute £1 in the event of a winding up.

The trustees have had due regard to guidance published by the Charity Commission on public benefit and has applied this in its day to day running of the services provided.

The organisation is managed by the Board of Trustees who delegate the day to day running of the organisation to the Volunteer Centre Chief Executive who is Lynn Saggerson.

VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

The trustees' report was approved by the Board of Trustees.

.............................. .............................. Mrs E Smith MBE Trustee Dated: .........................

VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED

I report to the trustees on my examination of the financial statements of Volunteer Centre Blackpool, Wyre and Fylde Limited (the charity) for the year ended 31 March 2025.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Champion Accountants LLP

Unit 2 Olympic Court Whitehills Business Park Blackpool Lancashire FY4 5GU FY4 5GU

Dated: .........................

VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted
Restricted
funds
funds
2025
2025
Notes
£
£
Income from:
Donations and legacies
3
100
1,850
Charitable activities
5
13,617
610,670
Investments
4
-
-
Total income
13,717
612,520
Expenditure on:
Raising funds
6
-
8,229
Charitable activities
7
28,511
608,181
Total expenditure
28,511
616,410
Net income/(expenditure)
(14,794)
(3,890)
Transfers between
funds
41,055
(41,055)
Net movement in
funds
8
26,261
(44,945)
Reconciliation of funds:
Fund balances at 1 April 2024
33,194
140,912
Fund balances at 31 March
2025
59,455
95,967		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
1,950
907
-
624,287
12,830
632,173
-
-
903
626,237
13,737
633,076
8,229
-
11,916
636,692
5,545
597,684
644,921
5,545
609,600
(18,684)
8,192
23,476
-
25,002
(25,002)
(18,684)
33,194
(1,526)
174,106
-
142,438
155,422
33,194
140,912		 Total
2024
£
907
645,003
903
646,813
11,916
603,229
615,145
31,668
-
31,668
142,438
174,106

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED

BALANCE SHEET

AS AT 31 MARCH 2025

Notes
Fixed assets
Tangible assets
13
Current assets
Debtors
14
Cash at bank and in hand
Creditors: amounts falling due within
one year
15
Net current assets
Total assets less current liabilities
Defined benefit pension liability
18
Net assets
The funds of the charity
Restricted income funds
16
Unrestricted funds
17		 2025
£
149,247
50,950
200,197
(48,778)		 £
5,003
151,419
156,422
(1,000)
155,422
95,967
59,455
155,422		 2024
£
136,385
90,603
226,988
(58,872)		 £
6,990
168,116
175,106
(1,000)
174,106
140,912
33,194
174,106

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on .........................

..............................

Mrs E Smith MBE Trustee

Company registration number 05756723 (England and Wales)

VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

Charity information

Volunteer Centre Blackpool, Wyre and Fylde Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is 95 Abingdon Street, Blackpool, Lancashire, FY1 1PP.

1.1 Basis of preparation

The financial statements have been prepared in accordance with the charity's Memorandum & Articles of Association, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Deferred income relates to grants received for specific expenditure over a specified period of time. A portion of the grant is carried forward as deferred income and matched against expenditure in the relevant period.

VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

1.5 Expenditure

Restricted funds are to be used for the specific purpose determined by the grant provider. Expenditure which meets this criteria is identified to the fund, together with a fair allocation of management and support costs.

Unrestricted funds are other income received or generated for charitable purposes.

All expenditure is accounted for on an accruals basis and recognised when the liability is incurred.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery 25 % on cost Fixtures, fittings & equipment 25 % on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

The charity operates a defined contribution pension scheme. Contributions are charged in the accounts as they become payable in accordance with the rules of the scheme.

The company operated a defined benefit pension scheme for certain former employees. The assets of the scheme are held separately from those of the charity.The regular cost of providing retirement pensions and related benefits is charged to the statement of financial activities over the employees' service lives on the basis of a constant percentage of earnings. Any difference between the charge to the statement of financial activities and the contributions paid to the scheme is shown as an asset or liability in the balance sheet.

The net interest element is determined by multiplying the net defined benefit liability by the discount rate, taking into account any changes in the net defined benefit liability during the period as a result of contribution and benefit payments. The net interest is recognised in income/(expenditure) for the year.

Remeasurement changes comprise actuarial gains and losses, the effect of the asset ceiling and the return on the net defined benefit liability excluding amounts included in net interest. These are recognised immediately in other recognised gains and losses in the period in which they occur and are not reclassified to income/ (expenditure) in subsequent periods.

The net defined benefit pension asset or liability in the balance sheet comprises the total for each plan of the present value of the defined benefit obligation (using a discount rate based on high quality corporate bonds), less the fair value of plan assets out of which the obligations are to be settled directly. Fair value is based on market price information, and in the case of quoted securities is the published bid price. The value of a net pension benefit asset is limited to the amount that may be recovered either through reduced contributions or agreed refunds from the scheme.

VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Income from donations and legacies

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2025 2025 2025 2024 2024 2024
£ £ £ £ £ £
Donations and gifts 100 1,850 1,950 907 - 907

4 Income from investments

Restricted Restricted
funds funds
2025 2024
£ £
Interest receivable - 903

VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

5 Income from charitable activities

Grants Grants
receivable receivable
for for
charitable charitable
activities activities
2025 2024
£ £
Performance related grants 610,670 632,173
Other income 13,617 12,830
624,287 645,003
Analysis by fund
Unrestricted funds 13,617 12,830
Restricted funds 610,670 632,173
624,287 645,003
6 Expenditure on raising funds
Restricted Restricted
funds funds
2025 2024
£ £
Fundraising and publicity
Advertising 8,229 11,916

VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

7 Expenditure on charitable activities

Charitable Charitable
expenditure expenditure
2025 2024
£ £
Direct costs
Staff costs 491,899 451,667
Rent 1,992 488
Rates 2,066 2,301
Room hire 7,089 1,574
Insurance 7,803 6,479
Light and heat 5,271 5,418
Repairs & maintenance 2,264 3,627
Printing & Stationery 2,834 2,762
Telephone 8,361 6,203
Travel expenses 3,551 1,330
Direct project costs 19,812 16,863
Training 1,204 612
Sundry expenses 12,614 11,187
Partner payments re: Infrastructure support project 47,882 76,101
Other charitable expenditure 952 1,154
615,594 587,766
Share of support and governance costs (see note 10)
Support 3,634 5,573
Governance 17,464 9,890
636,692 603,229
Analysis by fund
Unrestricted funds 28,511 5,545
Restricted funds 608,181 597,684
636,692 603,229
8 Net movement in funds 2025 2024
£ £
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements 1,528 1,920
Depreciation of owned tangible fixed assets 3,635 5,573

9 Trustees

None of the trustees (or any persons connected with them) received any remuneration during the year. None of the trustees received any expenses during the year (2024: £Nil).

VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

10 Support costs allocated to activities

Depreciation
Governance costs
Analysed between:
Charitable activites		 2025
£
3,635
17,463
21,098
21,098		 2024
£
5,573
9,890
15,463
15,463

11 Employees

The average monthly number of employees during the year was:

Employment costs
Wages and salaries
Social security costs
Other pension costs		 2025
Number
38
2025
£
453,021
25,595
13,283
491,899		 2024
Number
28
2024
£
414,204
24,335
13,128
451,667

There were no employees whose annual remuneration was more than £60,000.

12 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

13
Tangible fixed assets
Plant and
machinery
£
Cost
At 1 April 2024
44,237
Additions
1,573
At 31 March 2025
45,810
Depreciation and impairment
At 1 April 2024
37,864
Depreciation charged in the year
3,295
At 31 March 2025
41,159
Carrying amount
At 31 March 2025
4,651
At 31 March 2024
6,373
14
Debtors
Amounts falling due within one year:
Trade debtors
Prepayments and accrued income
15
Creditors: amounts falling due within one year
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income		 Fixtures,
fittings &
equipment
£
19,356
75
19,431
18,739
340
19,079
352
617
2025
£
148,541
706
149,247
2025
£
6,834
13,898
20,700
7,346
48,778		 Total
£
63,593
1,648
65,241
56,603
3,635
60,238
5,003
6,990
2024
£
129,926
6,459
136,385
2024
£
6,364
2,442
-
50,066
58,872

VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

16 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

be used.
Movement in funds Movement in funds
Balance at Incoming Resources Transfers Balance at Incoming Resources Transfers Investments
Balance at
1 April 2023 resources expended 1 April 2024 resources expended gains/losses 31 March 2025
£ £ £ £ £ £ £ £ £ £
Fixtures and fittings 9,741 - (1,287) - 8,454 - (393) 1,573 - 9,634
Pension Fund 17,394 - - - 17,394 - - - - 17,394
Sister Anne 5,505 - - (5,505) - - - - - -
Better Start 20,233 84,139 (90,805) (13,567) - - - - - -
Be Friend (359) - - 359 - - - - - -
Ukraine Support 586 - (586) - - - - - - -
Borrow IT Blackpool 7,063 34,267 (25,670) - 15,660 23,190 (32,293) 3,980 - 10,537
Cycle to recycle 572 - (572) - - - - - - -
Blackpool Council Cost of
Living Project 779 61,817 (42,216) - 20,380 38,068 (56,875) (1,573) - -
Infrastructure Support VCFSE 8,825 130,159 (139,561) - (577) - - 577 - -
Ukraine Infrastructure - 7,208 (7,208) - - - - - - -
Community Hub Fleetwood 6,289 - - (6,289) - - - - - -
Strenthening Communities 16,601 17,837 (34,438) - - - - - - -
Fleetwood Hub Service - 44,552 (43,332) - 1,220 40,282 (41,230) - - 272
SPLW 35,671 153,251 (147,867) - 41,055 160,636 (138,408) (45,297) - 17,986
Upskilling 13,538 6,049 (19,587) - - - - - - -
Sundry small - 3,403 (2,500) - 903 - (903) - - -
KYN Community Foundation - 72,858 (37,633) (30,480) 4,745 64,672 (67,447) - - 1,970
Project Support Fund - - (1,944) 30,480 28,536 - (5,710) - 22,826
Project Tenant Fund - 5,000 (1,020) - 3,980 - - (3,980) - -
Community Navigators - 12,536 (13,374) - (838) 54,917 (58,321) 4,242 - -
Vinci Building - - - - - 6,000 - - - 6,000
Blackpool CAN - - - - 123,842 (123,265) (577) - -
Vinci Construction - - - - - 5,000 (5,000) - - -

VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

16 Restricted funds

Restricted funds
Positive Futures
Lancs Teaching Hospitals
Charity
Sundry donations		 -
-
-
142,438		 -
-
-
-
-
-
633,076
(609,600)		 -
-
-
(25,002)		 -
-
-
140,912		 75,208
(75,208)
18,855
(10,060)
1,850
(1,297)
612,520
(616,410)		 -
-
-
(41,055)		 (Continued)
-
-
-
8,795
-
553
-
(95,967)

The purpose of the main restricted funds was:-

Better Start Blackpool - for delivery of the Better Start Early Years Volunteer Academy and Borrow It Blackpool

Transfers have been made between restricted and unrestricted funds to reflect expenditure allocated in prior years against unrestricted income which has been met by restricted monies where projects have ended.

VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

17 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At
General funds
Previous year:
At
General funds		 1 April
2024
Incoming
resources
Resources
expended
Transfers
At 31 March
2025
£
£
£
£
£
33,194
13,717
(28,511)
41,055
59,455
1 April
2023
Incoming
resources
Resources
expended
Transfers
At 31 March
2024
£
£
£
£
£
-
13,737
(5,545)
25,002
33,194

18 Retirement benefit schemes

Defined contribution schemes

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. The contributions payable by the company for the year were £13,283 (2024 : £13,128).

Defined benefit schemes

The company operated a pension scheme providing benefits based on final pensionable pay which commenced on 1 April 2013. None of the current employees are members of the scheme. The assets of the scheme are held separately from those of the company, being invested with insurance companies. There were no contributions to the scheme during the year. There are no active members in the scheme and as such the company is not required to make any contributions in respect of future service. The assumptions which have the most significant effect on the results of the valuation are those relating to the rate of return on investments and the rates of increase in salaries and pensions. It was assumed that the investment returns would be 3.7% per annum, that salary increases would average 2.5% per annum and that present and future pensions would increase at the rate of a maximum of 2.7% per annum.

The pension charge for the year was £Nil (2024: £Nil). The company is taking advice on the closure of the scheme now that all employees have left. The last actuarial valuation was carried out at 31 December 2022.

Mortality assumptions

The assumed life expectations on retirement at age 65 are:

Retiring today
- Males
- Females
Retiring in 20 years
- Males
- Females		 2025
Years
22
24
24
26		 2024
Years
22
24
24
26

VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

18 Retirement benefit schemes The amounts included in the balance sheet arising from the charity's obligations in respect of defined benefit plans are as follows:

(Continued)

Present value of defined benefit obligations
Fair value of plan assets
Deficit in scheme
19
Analysis of net assets between funds
Unrestricted
funds
Restricted
funds
2025
2025
£
£
Fund balances at 31
March 2025 are
represented by:
Tangible assets
-
5,003
Current assets/(liabilities)
59,455
91,964
Provisionsand
pensions
-
(1,000)
59,455
95,967		 Total
Unrestricted
funds
2025
2024
£
£
5,003
-
151,419
33,194
(1,000)
-
155,422
33,194		 2025
£
17,300
(16,300)
1,000
Restricted
funds
2024
£
6,990
134,922
(1,000)
140,912		 2024
£
17,300
(16,300)
1,000
Total
2024
£
6,990
168,116
(1,000)
174,106

20 Related party transactions

There were no disclosable related party transactions during the year (2024 - none).