Registered Number: 06695847 Registered Charity Number: 1126883 (EllglaDd and Wales) AVELEY VtLLAGE COMMuNrrY FORUM LIMITED ANNUAL REPORT AND UNAUDITED AccouKrs YEAR ENDED 31 MARCH 2024 'AOINLffjRUS 2411212024 COMPANIES HOUSE A70
AVELEY VILLAGE COmN[UNT FORUM LIMITED CONTENfs PAGE YEAR ENDED 31 MARCH 2024 Page No: Legal and Administrative Detsils Directors, Report and TnLStees' ReFK)rt Independent Examiner's ResM)rt Statement of Financial Activities (Incorporating the Income andExpenditure Account) Balance Sheet Statement of Cash flows Notes t(i the Financia] Statements 10-21
AVELEY VILLAGE COMMUNTTY FORUM LIMrrED LEGAL AND ADMINISTRATIVE DETAtLS YEAR ENDED 31 MARCH 2024 Constitution: Aveley Village Community Fon]m Limited is a company limited by guaranlee and a registered charity governed by its memorandum and articles of association. Aveley Village Community Fonun Limited operates under the name of Aveley Village Conununity Foundation. Trnstees and Directors Mr A Day (Chair of Tntee$) Mrs B Davies Ms J Horton Mr A Field (Resigned 16 May 2023) Mrs A Prevost (Resigned 16 May 2023) Compally Seeretary MrADay Company Number: 06695847 in England and Wales Charity Number. 1126883 in England and Wales R¢gist¢r¢d Address: Aveley Christian Centre Aveley Close Aveley RM15 4AB Page I
AVELEY VILLAGE COMMiiNfrY FORUM LIMITED TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2024 The Trustees (who are also the directors) present their report and the financial statement of the charitable company for the year ended 31SI Mah 2024 The statutory infonnation is shown on pa8e l. GOVERNING DOCUMENr Aveley Village Community FonllD (AVCF) is a company Limited by Guarantee, governed by its MemordDdum and Articles of Association. CHARITABLE ORJECTIVES To develop the capacity and skills of the members of the socially and economically disadvantsged community of Aveley in such a way that they are better able to identify, and help meet. their ne&ls and to participate more fully in Siety The promotion for the benefit of the public of urban or rural regeneration in areas of Sla1 and economic deprivation (and in particular in Aveley) by all or any of the following means: (a) the advancement of educalion. training or retrainin& particularly among unemployed people, and providing unemployed people with work experience (b) the Creation of training and employment opportunities by the provision of Workspace, buildings. anOr land for use on favourable ternis (c) the maintenance. improvement or provision of public amenities (d) the provision of recreational facilities for the public at large or those who by reason of their youth, age, infirniity or disablement. financial Iwdslllp or social and economic circumstances, have need of such facilities. (e) the provision of public health facilities and childcare. (fj th¢ promotion of public safety and prevention of crime: (g) such other means as may from ttme to time be deterniined subject to the prior lttell consent of the Chanty Commissioners for England and Wales.. To fillther or benefit the residents of Aveley and the neighknurhood, without distinction of sex. sexual orientation. race or of politiul, religious or other opinions by &ssociating together the said residents and the local authorities. voluntary and other organisalions in a common effort to advance education and to provide facilities in the interests of Social welfare for recreation leisure time occupation with the objective of improving the conditions of life for the residents In furtherance of these objects but not otherwise, the trustees shall have power: To establish or secure the establisljment of a comrnunity ceDtre and to maintain or manage or Corate with any statutory authority in the maintenance and management of such a centre for activities promoted by the chanty in furtherance of the above objects Page 2
AVELEY VILLAGE COMMUNITY FORUM LIMITED TRUSTEES ANNUAL REPORT YEAR ENDED 31 KIRCH 2024 ACHIEVEMENT AND PERFORMANCE This will be the sixte¢nth annual report that the Board of TnLStees have prepared since its incorporation back in September 2008. Over the years the Clwity has been serving and Wotking towards bringing the community of Aveley together. Looking at th¢ year to 31 Ma 2024, we have continued with our Cornmunity minibus and have been collecting excess food and delivering to local projects to give food to those that need it. Alongside having a minibus for the local community to hire. This was helped with the securing of a new minibus during 2023 which has improved our ability to continue the food project and having a more reliable minibus for hire to residents and community gTOUPS. This was secured from funding from Thurrock Council's Community Environmental Development Fund (CEDF Fund) and matching funding from our organisation. Our Community Luncheon Club has grown over the year to 31 March 2024 with special events for E&ster and Christh]&s. During the year. our Todd]er group leader stepF*d down from running this activity. It has now been picked up and run by Aveley Christian Centre as part of their Church activity Our involvement in the newly established Aveley Community HUB has continued throughout 2023-24. AVCF obtsined a grant from the Council to help hire a new part time caretaker. Our events leam two larg¢ community events during the year. The first was the King's Coronation Event. This was held in Aveley Recreation Ground and was well attended by the public of Aveley. This was funded through the National Lottery Fund- Awards for All. In December 2023. we We able to hold our Christmas event in the Aveley HUB. It was a smaller event than our norn)al ChTiStmas Mark¢l but it was well received. All our achievements could not have been achieved without the suptx>rt of our hard-working volunteers which we are greatly appreciative of. FINANCIAL REVIEW During the year to 31 March 2024 the Charity was able to generate a sury)lus on unrestricted funds of £3,674 The balance on the designated funds after providing for the match ndIng for the minibus was undesignated and moved back into the unrestTiCted fund. The remaining unrestricted funds left at the year<nd continue to serve the community of Aveley. Restricted funds at the 31 March 2024 amounted to £36,065 which is made up of a number of restricted fund balances that have been collected over a number of years. Full details of the funds can be found in note 12 of the accounts. The two largest restricted funds relate to two ongoing projects. CEDF fimd which lateS to the purchase of tninibus with the fLmd balance being the atnounts held to match against the annual depreciation charge on the asset. The Police, Crime and Commissioner Fund was obtained during the year to repair damage Page 3
AVELEY VILLAGE COMMUNITY FORUM LIMfTED TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2024 to the local skateboard park in Aveley Recre*ion Gmund and to SUPEX)rt work with young people to deter them from Crimitanti-$0Clal behaviour in the community and harniing themselves. There have been several delays io progressing this project further forward as at the date of this report. We are k¢¢ping th¢ awarding organisation infomied as the proj¢cl progress¢s. The trustees have no specific policy on the level of reserves held by the Charity but closely review finaDces before the onset of any activity. This ensures that the Charity has sutTicient funds lo meet any liabilities. Where wssible we seek to attract grant funding for activities. RECRUITMENT AND AppoINfMENT OF TRUSTEES Aveley Village Community Forum Limited artively seeks suitable trustees for apintrnent onto the board of trustees. All trustees are appointed by the management committee. PUBLIC BENEFIT The trnstees of the Charity have complied with their duty to have due regard to the guidance on public benefit published by the Clwity Commission. We se this guidance when we plan activities for the Charity. PLANS FOR FUTURE PERIODS The plans for 2024 -25 are similar to previous years. We will continue to support Aveley Community HUB and see its development further. We will also look to continue to bring the Community of Aveley together with Community events and numing activities for the benefit of the community of Aveley. TRUSTEE'S RESPONSIBILITIES The Trustees, (who are also directors of Aveley Village Community Forurn Limited) for the pose$ of company law are resp)nsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Ac£epted Accounting Practice). CotnpaDy law requires the Trustees to prepare statements for each financial year that give a true and fair view of tbe state of affairs of the charitable company and of the incoming resowces and application of resources, including income and expenditure of the charitable company for thai peri(Kl. In preparing these fllLqncial slatements, the Tntstees 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 tbat are reasonable and prudent" State whether applicable UK Accounting Standards have ken followed, subject to any malerial d¢parths disclosed and explained in the financia] statements" Page 4
AVELEY VILLAGE COMMUNITY FORUM LIMITED TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2024 Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitsble company will continue in operation. 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 to enable them to ensure that the financial statemenls comply with the Companies Act 2006. The TnLStees are also responsible for safeguarding the assets of the charitable company and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. SMALL COMPANY PROVISIONS This report has been prepared in accordance with the special provisions for srnall companies under Part 15 of the Cornpanies Act 2006. This report w&$ approved by TnLStees on 16 December 2024 and signed on their beha]f: MrAD*y Chair of Trustees Page 5
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF AVELEYVILLAGE COMMUNITY FORUM LIMITED FOR THE YEAR ENDED 31 MARCH 2024 I report on the acUnts of the chanty for the peTTrod from 1 April 2023 to 31 Marth 2024. RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND INDEPENDENT EXAMINER The trustees (who are aso the direclors of the rnpanY for the purposes of c4)mpany law) are responsible for the preparalion of the accounts. The Irustees (x)nsider that an audii is not required for this year under section 14412) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. Ha4ing satisfied myself that the thartty is not subjecl to audit under company law and is eligible for Indepdent examinalion. it is my resp£$1b11ify lo: . examine the attounts der se(#1¢ 145 of ctsres Ad; . to follo4V the prOureS laid dMI in the General Direclions gven by the Chaiity Comssion under seclion 145(5)Ib) of the Charities Art: and . to state whether wticular mattefs have come to my attention. BASIS OF INDEPENDENT EXAMINER'S STATEMENT My examination was carried out in attOrdan V•ith General Directions given by the Charity Comnission. An examination indudes a review of the aox)unting recoTds kept by the tharity and a 1mpan50n of the accounts presented with those recxyds. It also indudes consideration of any unusual items or disdosures in Ihe anIs. and seeing explanth'ons from you as trustees concerning any such matters. The prOlUreS undertaken do not provide all the evideno that would be required in an audit, and consequently no opinion is given as to whether the acCnIS psent a Irue and fair and the report is limtted to those matters set oui in the statement below. INDEPENDENT EXAMINER'S STATEMENT In connedion with my examination, no matter has Ix)me to my attention: (1) vthi¢h gives me reaSlable cause to belie* thai in any material resped the trustees have not met the requirements to ensure that.. to keep accounting rewds in actx>rdance wilh seclion 386 ofthe Companies Act 20(. and to prepare a¢nts whith acrd th the a¢¢ounting recL)rds, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recomrnended Practice.. Ac££Junling and Reporting by Charibes {2) to which. in my opinion. attents"¢)n ShOd be drawn in order lo enable a prop8r understanding of the accxlunts lo be reached. Huw Nitholls FCCA 6 Beechwood View Oakvslle Road Hebden Bridge HX7 6NR 22 December 2024 Page 6
AVELEY VILLAGE COMMUNrrY FORUM LIMITED STATEMENT OF FINANCIAL AcfiviTIES (INCORPOR4 TING THE INCOMEAND EXPEJVDJTUREACCOU]V FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted DesigDated Re8tri¢ted FuDds FuDds Funds Total 2024 (£) 1.030 34,065 719 Tolal 2023 Income Donations Charitable activities Investment income - Bank interest Total IDcome Noles (£) 1,030 7,215 719 (£) (£) 2,171 11,238 23 26,850 13,432 Expenditure: Governance Costs Charitable activities 48 27.767 414b 5290 20,672 25,962 Total Ex enditure Net in¢om¢ Transfer between funds Net movement in funds 52 27,8J5 14,383 9,852 3,674 14,383 ReconciliatlOD of funds Total Funds at l A ril Total Funds at 31 Marcb 13,302 16,976 57,572 43,189 36.065 53.(kll The statmient of financial activities also compli¢s with the requirements for an income and expenditure account under the Companies Act 2006. All activities are classified as continuing. There are no tecognised gains or losses other than those reported on in the Statetnent of Financial Activities. Page 7
AVELEY VILLAGE COMMUNITY FORUM LIMITED BALANCE SHEET AS AT 31 MARCH 2024 Notes 2024 2023 Fixed knsets Tangible assets 11,083 16,624 Currenl Assets Debtors C&sh at bank and in hand 1268 2.378 43,401 54J60 45, 779 Creditors: Amounts falling due within one year (12,402) (19.214) Net Current Assets 41,958 26,565 Total Net Awts li 43,189 FuDds Unrestricted Fund Designated Fund Restricted Fund 16,976 13,302 13 36,065 29,887 Total Funds 53,041 43,J89 The fmancial 5tat¢ments have been prepared in ardance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Th¢ company is entitled to the exemption from the audit requirement contained in s¢clion 477 of th¢ Companies Act 2006. for the year ended 31 March 2024. No member of the MpanY has d¢posit¢d a nolice pursuant to section 476. requiring an audit of these COUnts. The director5. acknowledge their reswnsibiltty for complying with th¢ requirements of the Act with respect to accounting records and for the preparation of the accounts. These fu]ancial statements were approved by the Inte¢S on 16 December 2024 and $id on their behalf and authorised for issued by: MrADay Tnte¢ CoMpY Registrntion Number I95847 Page 8
AVELEY VILLAGE COMMUNITY FORUM LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from o eratin activitie5: Net ¢a5h rovided b used in eratin activities 17 JI,004 Cvdsh flows from investin activities Purchase of ro lant and ui ment et cash rovided b used in investin activiti¢s Chan e in cash 2nd cash e UiV21ents in the re rtin eriod Cash and ¢ash equivalents at the beginning of the reporting eriod 43,401 77,170 Cash and ¢asb ivalents at the end of the r¢ 43,401 Page 9
AVELEY VILLAGE COMMiJNITY FORUM LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 I ACCOUNTING POLICES The principal accounting polices adopted, judgements and key sources of estimatio uncertainty in tbe preparation of the financial ststements are as follow: a) Bosis ofaccounling These financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities prepating their accouDts in accordance with Financial RertIng Standard applicable in the UK and Republic of Ireland IFRS 102) (effective I January 2019), (Charities SORP (FRS 102)) th¢ Financial Rq)ortin8 Standard applicable in the UK and Republic of Ir¢land (FRS 102) (March 2018 and with the requirements of the Companies Ad 2006 and Charities Act 2011. The financial statements are prepared in sterling, which is the fimctional CUencY of the charity. Monetary amounts in these financial ststements are rounded to the nearest £. Aveley Village Comrnunity Forum Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or trdnsaction value unless otherwise stated in the relevant accounting policy note (s). Incoming Resourc All incoming resources are recogDised once the charity has entitlement to the resources, it is probable (more likely than not) that the resources will be received, 2nd the monew value of incoming resources can be measured with sufficient reliability. Where there are *m?s or conditions attached to incoming resources. particularly grants, then these ternis or conditions must be met before the income is recognised as the entitlement condition will not be satisfied until that int. Where tern]s or conditions have not been met or uncertainty exists &$ to whether they can be met then the relevant income is not recognised in the year but defe¢d and shown on the balance sheet as defeTred income. Resourees Expended Resources expended are accounted for on an accruals basis. gross and with the irrecoverable element of VAT included viith the item to which it r¢lates. Charitable Activities.. Charitable activities include the direct cost of the activities and th¢ support Costs associated to supp)rt these activities. Support Costs.. Relates to costs incued to supp)rt the Company in its day to day ninning. Page 10
AVELEY VILLAGE COMMUNITY FORUM LIMrrED NOTES TO THE FtNANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 I ACCOUNTING POLICES (CODtinued...) Governance Cosfs." Relates to the costs incurred ijj connection with athninistration of the Company and its compliance with ConStitional and statutory requirements. FuDds Funds held by the charity are either: UnreslTi¢t¢dfvnds." These are funds which can be used in accordance with the ¢haritsbl¢ objects at the discretion of the trustees. Designatedfunds." The Company has set aside fijnds for specific designaied purwses as the need arises and they are sbown in a separate fund in the balance sheet. Restrictedfvnds.. Thes¢ are funds that canonly k used for aparticular Testricted purpose within the objects of the Charity. Restrictions arise when SFrtified by the donor, or when the funds are raised for particular restricted purpose. Details of the individual restricted funds are delailed in the not¢s to the accounts. Fixed Assets The Company's fed &ssets are recorded at historic cost. It is the Company p)licy not to capitaiise any asset under £2.000. Depreciation is provided as follows: Outside Facililies- Straight line over three years. Motor Vehicles- Straigbt line over four years. TaxatROD The activities of the Charity are exempt from ¢oTpordtion taxation under section 505 of the Income and Corpordtion Taxes Act 1988. Pagell
AVELEY VILLAGE COMMUNITY FORUM LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 2 DONATIONS UDrt8tricted Reytrlcted 2024 2024 Tothl 2024 Total 2023 Donydtions Generat Public Minibus donations B & P Scrap melal donations TOTAL DONATIONS 67 640 323 1,030 67 640 323 1.030 206 577 1,388 2.171 3 CHARITABLE ACTIVITIES UDrestrieted Rtricted 2024 2024 Total 2024 Toial 2023 Grants Awardsfor All Evenls 2023124 cop- A VCF Foundation Projecl Police, Fire and Crime Commissioner For E¥5ex (PFCC) Grant ThwTock Council.. IIUB Caretaker 9,SOO 95(J) 1,714 10,000 1,714 10.000 1,467 1.186 5,636 6022 4, 729 1,186 26050 6,196 Event ID¢om¢ Christmas Event Coronalion Event Ltlncheon Club Platinum Jubilee Quiz Nigh¢s Toddler Group 877 1286 2J30 877 1286 2J30 89] 1, 700 800 134 134 J68 3,619 Minibus ID¢om¢ Community Minibus 1,402 1,402 1.423 1,423 TOTAL INcoh CHARTTABLE ACTIvlEs LIS 26,8SO 34,065 11.238 Page 12
AVELEY VILLAGE COMMUNITY FORUM LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 4 COSTS OF CHARITABLE ACTIVITIES BY FUND Unrestricted Designated Restricted 2024 2024 2024 Totsl 2024 Total 2023 FornDTr Expenses Thurrock Council: HUB Caretaker Thurrock Council: CEDF Fund National Lottery: Awards for All 2023-24
NYdtionalLotteryFuDd
5290 5290 5,631 5,027 3,886 5,631 5541 10,428 9WO 7,908 518 5390 20,672 25,962 27,767 Page 13
AVELEY VILLAGE CO[U1Ty FORUM LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 4b DETAILS OF CHARITABLE AcfIviTY EXPENSES IY2tional Thurrock Thurro¢k Lottery: Council: Council: Awards HUB CEDF for All 2024 2023 Fornm Caretaker Fund 2>24 Total Total Advertising Depreciation Equipment Event Expenses Insurance Licenses Luncheon Club Expenses Minibus Expenses Payroll Expenses Printing, Postage and Stationery Repairs and Renewals Software fees Sundry Telephone Toddler Group ExpereS Training 5,541 5541 5,541 200 9,500 10,172 8,487 262 295 145 139 1,134 867 2,644 3,222 5399 3,817 84 115 4.887 200 672 262 145 1,134 5,299 84 87 262 87 262 132 75 112 210 132 5290 41 9,500 25 962 27 767 Page 14
AVELEY VtLLAGE COMMUNftY FORUM LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 S EMPLOYEE INFORMATIOF4 During the year to 31 March 2024, the average number of employees was l (2023: 1). At the year end the Charity had l employee. The trustees, received no remuneration and delails of expenses reimbursed are included in note 17. There were no employees whose annual remuneration was £60.000 or more. 6 GOVERNAI44CE COSTS Unrestricted Restricted 2024 2024 Total 2024 Total 2023 Legal 48 Page 15
AVELEY VILLAGE COMMUNrrY FORUM LIMrrED IYOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 7 TANGIBLE FIXED ASSETS Motor Vebieles Outside Fa¢iliti¢s Total COST At l April 2023 22,165 9.924 32.089 Additions in the year Disposal in the year At 31 March 2024 32.089 DEPRECIATION At l April 2023 5.541 9,924 15,465 Charge for the year 5.541 5.541 At 31 Mah 2024 9.924 NET BOOK VALUE 31 Marcb 2024 31 March 2023 16.624 8 DEBTOILS Total 2024 Toial 2023 Other Debtors Aecrned Incolne Prepaid Expenses 1,178 281 987 1,200 1268 2,378 Page 16
AVELEY VILLAGE COMMtrNITY FORUM LIMTTED NOTES TO THE FINAI¥CIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 9 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Total 2024 Toial 2023 Trade creditors Other creditors D¢ferr¢d income 334 4J47 7,ni 1,305 3,747 14,162 12,402 19.214 10 ANALYSIS OF DEFERRED INCOME During the year a grant was received from Thurro¢k Council for the recruitsnent, training, and provision of a part time caretaker for the Aveley HUB. The grant was paid in advance of any provision taking place and a fee per hour has been agreed as part of the grant. Therefore, the income will be recognised as the caretaking provision is provided. Below is the analysis of the movement in the year: 2024 2023 DefeLTed income at l A ril Income received and deferred Income released in Deferred income at 31 March 14.062 18,791 6J41 7,721 4.729 14,062 There is other deferred income that was received and deferred of £nil (2023: £100) in relation to event income re£eived for future events after the year ¢nd. 11 ANALYSIS OF NET ASSETS BETWEEN FUNDS Fund Balan¢es are repraented by: UDrL8tricted DesigDated Restricted 2024 2024 2024 TotV41 2024 Total 2023 NoD-¢urrent Assets Current Assets Current Liabilities 11,083 24,982 11,083 54J60 (12,402) 16,624 45, 779 (19,214) 29J78 (12.402) Total Net Assets 16,976 43,189 Page 17
AVELEY VILLAGE coMMuNrrY FORUM LIMITED NOTES TO THE Fll¥ANCIAL sfATEMEiYrs FOR THE YEAR ENDED 31 MARCH 2024 12 RESTIUCTED FUND BALAIYCE AsatlApr Income TraDsf¢rs Expen A$at31 Mar 24 Aveky War Memorial Restorntion Fund Awards for All PlaliDUm Jubilee & 22-23 Events Awards for All 23- 24 iJ84 iJ84 lJ92 1592 (9500) . CEDF Fund Co-op- Hub Projeet Co-op- Foundation Project Police, Fire and Crime Commissioner For Essex 16,624 2,774 2,718 (5541) 11,083 2,774 4,432 10,000 1,714 10,000 IPFCC) Fund Tbe Ford BritalD Trnst Tburrock Council HUB Carelaker Thurroek Coun¢il Hub Fund Thurrock Coun¢il_- Voluntary Sector Development Fund
NationalLottery Fund
22iKI 2,200 5,636 (5,631) 2.103 io 2,103 io 482 29J87 26350 20,672 36,065 13 FUNDS The unrestricted fund comprises of funds that the InteeS are free to use within its charitabl¢ objectives. Page 18
AVELEY VILLAGE COMMUNrfY FORUM LIMITED NOTES TO THE FINAIYCIAL STATEMENTS FOR THE YEAR ElED 31 MARCH 2024 13 FUNDS (continued) The Trustees have selup the following restricted reserves when income came into the charity with restrictions on its use. Aveley War Memorial Re5torntion Fund On 19 February 2009, the Trustees setup a fund to enable the Charity to raise funds to carry out restoration work on the war memorial in Aveley. The puryx)se is to raise funds from donations made by individuals and other institutions such as local businesses to fund this worL The Trustees, rnade the followkng restrictions of the fund: The Trustees have restricted the fimds use to the restoration of the war memorial in Aveley. Any sUlUS funds are to be used for the on-going maintenance of the war memorial. Awards for All - Platinum Jubilee and 22-23 Events During the year the Charity wa5 successful in apply for the Nationa] Lottery - Awards for All fund for £9,500 towards the Queen's Platinum Jubilee Celebrations in Aveley along wiib other events in 2022 -23. CEDF This fund relales to a grant received from Thurrock Council from their Community EnVIror7enÉal Development Fund (CEDF) this w&$ to purchase equipment to benefit the local community. The bid submitted for 21-22 w&8 to purchase a Dew minibus for the Community. Co-op Hub Fund - Hub Project This fund relates to a grdnt received from the cov01Ve Local Community Fund for the development of the Aveley HUB. Co-op Hub Fund - Foundation This fund relales to a grant received from the cOperative Community Fund to support the community work carried out by the Foundation. Police, Fire and Crime Commissioner For Essex IPFCC) Fund This fund relates to a grant received from the Police. Fire and Critne Commissioner for Essex to repair damage to the local skateboard park in Aveley Recreation Ground and to support work with young people to deter them from crimianti-$0¢1a] behaviour in the community and harming themselves. The Ford Britain Trust This fund relates to a grdnt received from the Ford Britain Tnt to purchw an interactiv¢ whiteboard for the conlmunity. Page 19
AVELEY VILLAGE COMMUNfTY FORUM LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 13 FUNDS (contiDued) Tburrock Council Hub Grant This fund relates a grant given by Thutrock Council to fimd the development of the Aveley HUB project. Thurrock Council: HUB Caretaker This fijnd relates a grant given by Thurrock Council to employ and fund a part-time caretaker for the FtUB. This includes the costs of recruitmenL trdining, and equipment for the post along with funding io the Charity in administrating the process. ThumKk Coulleil: Voluntary Sector Development FuDd This fijnd relales to a grant award by Thurrock Council to fund the development of youth work within the con]munity.
NationalLottery Fund
This fund relates to a grant award by the National Lottery foT their 25 anniversary for work in a local community. AVCF was awarded a grant of £l,(M)O towards an opening event for the new community HUB building and a display cabinet to be installed in the building. 14 TRATrISFERS BETWEEPI FUNDS In the prior year a transfer of £1.698 w&s transferred between designated reserves to unrestricted reserves. This transfer to the designated fund last year was for match fw)ding for the CEDF fijnd however. the full balance of £5,0(K) was not needed. The trustees therefore decided to move the balance back to the unrestricted reserves. 15 COMPANY LIMITED BY GUARAiYfEE The charitable company is a private company limited by guarantee and ¢ons¢qu¢ntly does not have share capitsl. It is gIstered in England and Wales. Each of the members is liable to contribute an amount not exceeding £10 towards the assels of the company in the event of liquidation. Th¢ Register¢d Office is: Aveley Christian Centre Aveley Close Aveley RM15 4AB The Company was under the control of the Direct0[rUste¢s. Page 20
AVELEY VILLAGE COMMUNTTY FORUM LIMITED NOTES TO THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 31 MARCH 2024 16 RELATED PARTY TRANSAcfioNS During the year, the following Trustees received expense reimbursement for expenditure incurred on E¢half of the cljarity: 2024 2023 MrAD•y Mr A W Field A Prevosl Mrs B Davies lJ74 1,695 340 517 604 3,182 2,035 During the y¢ar. hir¢ expenses of £225 (2023: £375) were charged to the Charity by Aveley Christian Centre. a charity which Alex Day and Alan Field, are a trustees of. The hire expenses were for the of Aveley Christian Centre's building. In the opinion of the Directors there is no ultimate controlling paty. 17 RECONCtLIATION OF IYET EXPEIYDrruRE TO NET CASH FLOW FROM OPERATING ACTIVITIES. For the period ending. 2024 2023 Net income Adjustment for: Deprecialion charges DeCre in debtorsl InCree in debiors tkcrease in creditors 9052 (14.383) SJ41 I,iio (6,812) 5.541 (2.073) (689) Net c&th provided by (used in) Operating Activities 9.691 (JI,604) Page21