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← Central Surrey Voluntary Action Limited

2024-03-31-accounts

Charity registration number 1135830

Company registration number 07174573 (England and Wales)

CENTRAL SURREY VOLUNTARY ACTION LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

CENTRAL SURREY VOLUNTARY ACTION LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees C Gifford - Chair M Hicks - Vice Chair S Hubbard R Turner H Newton S Spiteri (Appointed 1 July 2024) Charity number 1135830 Company number 07174573 Principal address The Mayflower (The Point) Lyons Court Dorking Surrey RH4 1AB Registered office The Mayflower (The Point) Lyons Court Dorking Surrey RH4 1AB Independent examiner F J Wilde FCCA MBA DChA Warner Wilde 4 Marigold Drive Bisley Surrey GU24 9SF

CENTRAL SURREY VOLUNTARY ACTION LIMITED

CONTENTS

Page
Trustees report 1 - 5
Independent examiner's report 6
Statement of financial activities 7
Balance sheet 8
Notes to the financial statements 9 - 22

CENTRAL SURREY VOLUNTARY ACTION LIMITED

TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) FOR THE YEAR ENDED 31 MARCH 2024

The Trustees present their report and financial statements for the year ended 31 March 2024.

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 governing document, 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

Central Surrey Voluntary Action ('CSVA") seeks to 'Support the Voluntary, Community and Faith Sector (“VCFS”) in Elmbridge, Epsom and Ewell, and Mole Valley'. CSVA has continued to evaluate its work and keep its funders fully informed about the work that they have supported.

The Aims and Objectives, as laid down in the constitutions of the Company and further defined and developed by the Directors with the support of the staff and volunteers, are set out below and define clearly the actions by which the charitable and public benefit is achieved:

-To provide an independent voice for the VCFS in Central Surrey, representing the sector to other agencies, statutory and public to ensure that their voice is heard and that a comprehensive response is given.

Public benefit

The Directors confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Charity's aims and objectives and in planning future activities.

Volunteers

The figures for Total Incoming Resources and Charitable Expenditure in the Financial Statements do not fully reflect the total resources made available to and utilised by CSVA. Very significant resources of valuable time and skills are provided by volunteers who work to support CSVA's Volunteer Centres. Charity accounting protocols do not currently permit the recording of this volunteer time in the Statement of Financial Activities. However, FRS 102 does suggest that some sort of indicative value be put on the value of volunteers' contributions and in the case of CSVA this would be the equivalent of two extra full-time staff members. As stated also elsewhere, the Directors are unpaid; it is considered that their services represent the equivalent of an average of at least one day per week of professional service.

CENTRAL SURREY VOLUNTARY ACTION LIMITED

TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Achievements and performance Review of the Charitable Activities for Year 2023-24

It has been another very busy year for all the staff and volunteers at CSVA. Facilitation and support services continue to be delivered to the voluntary, community and faith sectors. The following list shows examples of CSVA's activities over the year:

  1. Continued delivery of the "Aspire" project, which helps vulnerable people move into voluntary and employed work. We have supported online, via telephone and face to face appointments.

  2. Advice and information to local voluntary organisations, including newsletters and webinars, on funding sources and applications as well as on governance, constitutional matters.

  3. Collaboration with local Health and Social Care partners providing voluntary support for vulnerable people.

  4. Developing voluntary support for social prescribing referrals.

  5. Continuing and further developing our Disclosure and Barring Service (DBS) facility for local organisations.

  6. Working to improve the online volunteering database offer in conjunction with others, particularly as it affects local organisations.

  7. Encouraging Corporate Social Responsibility. Working with corporate organisations to deliver support in their communities

  8. Promotion of volunteering opportunities through our website and our social media presence, as well as through local social outlets such as Surrey Libraries in Elmbridge, Epsom and Ewell and Mole Valley.

  9. Regular distribution of the CSVA Newsletter —please refer further to the CSVA website. www.centralsurreyvoluntaryaction.co.uk

10.Working with the Mid Surrey Valuing People board.

  1. Providing Training for the sector.

  2. A funding and sustainability advisor role - with bespoke searches and templates for individual organisations.

  3. Friendship and Fishing Group for vulnerable people to build relationships and combat social isolation and loneliness.

  4. Delivering Sparks funding to areas of need within the CSVA geography – The Holmwoods, Court, Cobham and Downside and Walton South and Walton North.

  5. Deliver the STEPS Ukrainian support project across our geographical area.

The Point in Dorking continues to be a vital resource as office accommodation to our tenants. Computer classes and wellbeing sessions continued. Throughout the winter period we delivered a Warm Hub and offered cheap hot meals and free tea and coffee. The Point continues to be used as a Polling Station by the District Council.

Elmbridge and Epsom Volunteer Centre continued to provide valuable advice and support for volunteers and voluntary organisations in the Boroughs through online and telephone support and booked appointments.

In the year, the Centres have referred on 570 people and have placed 175 volunteers.

Financial review Results of Operation

The Directors are continually reviewing the possibilities of both increasing core and non-core funding and economising on costs.

CENTRAL SURREY VOLUNTARY ACTION LIMITED

TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Reserves policy

The Company had previously adopted a reserves policy which aimed to achieve and maintain a level of unrestricted reserves which represents at least twelve months' expenditure and had been making good progress to this objective. It is considered that such reserves are required to: - Cover staff redundancy costs in the event of closure —Bridge the timing difference between the start of each financial year and the receipt of core income. - Provide funds for unexpected contingencies including further unannounced reductions of funding.

Financial Statements

The following Financial Statements are part of the Central Surrey Voluntary Action Annual Report 2023 - 24.

It is the Directors' view that practically all the Company's Expenditure relates to charitable purposes. Time spent by staff on governance and fundraising is too small to measure. Directors are unpaid and provide advice on governance, strategic and operational matters on a voluntary basis.

Except as detailed in the Accounts, CSVA has no deficit on any of its funds and it does not hold assets. There has been no change in accounting policy this year and there is no subsidiary undertaking; there are no investments.

Principal funding sources

The Directors of CSVA would like to take this opportunity to thank Epsom and Ewell Borough Council, Elmbridge Borough Council, Mole Valley District Council, and Surrey County Council for their continued support in their core funding for the organisation. This support is greatly valued by all the Directors, staff and volunteers who carry out the work of CSVA.

Risk Assessment

The Directors make a regular review of the major financial risks to which CSVA may be exposed and the ways in which such risks may be mitigated. CSVA applies prudent policies in its financial operations, with any significant expenditure requiring formal authorisation by the Directors. Appropriate insurance cover for the charity is ensured by the Directors.

CENTRAL SURREY VOLUNTARY ACTION LIMITED

TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Plans for future periods

Future plans

As previously indicated, the Charity is actively exploring ways of increasing its incoming resources and will maintain its firm hold on its cost basis while at the same time recognising the expertise of and the valuable work undertaken by its staff.

The staff team and volunteers of CSVA, along with the Directors, will ensure that the services and support for the voluntary sector will continue to be delivered and developed still further for the benefit of the communities of Elmbridge, Epsom, Ewell, Mole Valley and Surrey generally.

Structure, governance and management Governing document

The organisation is a charitable company limited by guarantee, incorporated on 2 March 2010 and registered as a charity on 6 May 2010. The company was established under and is governed by its Memorandum and Articles of Association which established the objects and powers of the charitable company; these Articles have been formally amended subsequently to clarify certain governance matters. In the event of the company being wound up Members are required to contribute an amount not exceeding one pound.

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:

C Gifford - Chair M Hicks - Vice Chair S Hubbard P Tajasque (Resigned 2 June 2023) R Turner S Lewin (Resigned 2 February 2024) H Newton S Spiteri (Appointed 1 July 2024)

CENTRAL SURREY VOLUNTARY ACTION LIMITED

TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Recruitment, appointment, and induction of new Directors

New Directors are recruited by recruiting representatives from organisations in the VCFS sector or for their expertise and this recruitment is carried out by positive action from the Chief Executive, Chairman and current Directors of CSVA. All prospective Directors complete a Skills Audit report. This is also used to help recruit new Directors. New Directors are interviewed by the Chairman and usually one other Director and introduced to the work and methods of CSVA by assistance from other Directors and the Chief Executive.

If Directors are appointed to the Board during the year, they are confirmed in appointment at the next Annual General Meeting. Current Directors are re-elected by a similar process on a rotational basis as laid down in the Company's constitution. The general rule is that Directors must be subject to re- election at least every three years.

Organisational structure and management

Official support

Regular contact is maintained with Funders by the Chairman and the Chief Officer who report regularly to the Directors accordingly.

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

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

C C Gifford - Chair Gifford - Chair Trustee Trustee Date: ............................................. Date: cds TIQ= RORUY-

CENTRAL SURREYVOLUNTARY ACTION LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CENTRAL SURREY VOLUNTARY ACTION LIMITED I report to the Trustees on my examination of the financial statements of Central Surrey Voluntary Action Limited (the Charity) for the year ended 31 March 2024. Responsibilltles and basis of report As the Trustees of the Charity land also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in aGcordance wilh the requirements of the Companies Act 2006 (the 2006 Act). Having satisfied myself that the financial statéments of the Charity are not required to be auditad under Part 16 of the 2006 Act 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 (the 2011 Acl). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515}(b) of the 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection wilh thè examination giving me cause to believe that in any malerial respect: accounting records were not kept in respect of the Charity as required by seclion 386 of the 2006 Act. or the financial statements do not accord with those records., or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independenl examination; or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounling and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102). 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. F J Wilde FCCA MBA DChA Wamer Wilde 4 Marigold Drive Bisley Surrey GU24 9SF 1&- W

CENTRAL SURREY VOLUNTARY ACTION LIMITED

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted
Restricted
funds
funds
2024
2024
Notes
£
£
Income from:
Donations and legacies
3
132,030
-
Charitable activities
4
18,009
82,071
Investments
5
7,503
-
Total income
157,542
82,071
Expenditure on:
Raising funds
6
-
66
Charitable activities
7
202,314
113,854
Total expenditure
202,314
113,920
Net expenditure
(44,772)
(31,849)
Transfers between
funds
(1,056)
1,056
Net movement in
funds
10
(45,828)
(30,793)
Reconciliation of funds:
Fund balances at 1 April 2023
82,748
147,751
Fund balances at 31 March
2024
36,920
116,958		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
132,030
139,915
500
100,080
17,218
100,740
7,503
3,482
-
239,613
160,615
101,240
66
143
-
316,168
195,684
86,693
316,234
195,827
86,693
(76,621)
(35,212)
14,547
-
-
-
(76,621)
(35,212)
14,547
230,499
117,960
133,204
153,878
82,748
147,751		 Total
2023
£
140,415
117,958
3,482
261,855
143
282,377
282,520
(20,665)
-
(20,665)
251,164
230,499

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

CENTRAL SURREY VOLUNTARY ACTION LIMITED

BALANCE SHEET

AS AT 31 MARCH 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 14 3,116 4,155
Current assets
Debtors 15 8,037 9,709
Cash at bank and in hand 262,407 241,093
270,444 250,802
Creditors: amounts falling due within 17
one year (119,412) (22,814)
Net current assets 151,032 227,988
Total assets less current liabilities 154,148 232,143
Creditors: amounts falling due after
more than one year 18 (270) (1,644)
Net assets 153,878 230,499
The funds of the Charity
Restricted income funds 21 116,958 147,751
Unrestricted funds 22 36,920 82,748
153,878 230,499

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 2024.

The director acknowledges her 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 The financial statements were approved by the Trustees on ......................... fi i ements were approved by the Trustees on Wa I2= 2oQle

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

C C Gifford - Chair Gifford - Chair Trustee Trustee

Company registration number 07174573 (England and Wales)

CENTRAL SURREY VOLUNTARY ACTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

Charity information

Central Surrey Voluntary Action Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is The Mayflower (The Point), Lyons Court, Dorking, Surrey, RH4 1AB.

1.1 Accounting convention

The financial statements have been prepared in accordance with the Charity's governing document, 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)". 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 applying FRS 102 Update Bulletin 1 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, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. 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.

1.5 Expenditure

A liability is recognised when either a legal or constructive obligation is identified. Irrecoverable VAT is categorised in the same way as the cost it relates to.

CENTRAL SURREY VOLUNTARY ACTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

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:

Fixtures and fittings 25% reducing balance Computers 25% reducing balance

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.

CENTRAL SURREY VOLUNTARY ACTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

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

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12 Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to net income/(expenditure) for the year so as to produce a constant periodic rate of interest on the remaining balance of the liability.

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.

CENTRAL SURREY VOLUNTARY ACTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

3 Income from donations and legacies

Unrestricted
Restricted
funds
funds
2024
2024
£
£
Donations and gifts
52
-
Grants
117,009
-
Donated goods and
services
14,969
-
132,030
-
Grants
Epsom & Ewell Borough
Council
7,989
-
Elmbridge Borough
Council
11,920
-
Surrey County Council
85,100
-
Mole Valey District
Council
12,000
-
117,009
-
Income from charitable activities
Unrestricted
Restricted
funds
funds
2024
2024
£
£
Charitable income
Performance related
grants
-
82,071
Charitable rental income
10,614
-
Other income
1,145
-
DBS income
Other income
6,250
-
18,009
82,071		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
52
70
500
117,009
124,876
-
14,969
14,969
-
132,030
139,915
500
7,989
7,989
-
11,920
23,840
-
85,100
81,047
-
12,000
12,000
-
117,009
124,876
-
Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
82,071
-
100,740
10,614
11,397
-
1,145
150
-
6,250
5,671
-
100,080
17,218
100,740		 Total
2023
£
570
124,876
14,969
140,415
7,989
23,840
81,047
12,000
124,876
Total
2023
£
100,740
11,397
150
5,671
117,958

4 Income from charitable activities

CENTRAL SURREY VOLUNTARY ACTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

5 Income from investments

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Interest receivable 7,503 3,482

6 Expenditure on raising funds

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2024 2024 2024 2023 2023 2023
£ £ £ £ £ £
Fundraising and publicity
Advertising - 66 66 143 - 143

CENTRAL SURREY VOLUNTARY ACTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

7 Expenditure on charitable activities

Charitable Charitable
activities activities
2024 2023
£ £
Direct costs
Staff costs 191,570 206,183
Depreciation and impairment 1,039 1,385
The Point- Rent and Rates 20,803 16,505
Quintet- Rent 3,650 3,100
IT and communications 24,259 15,309
Disclosure and Barring Service costs 4,850 4,436
Epsom Office- Rent 14,969 14,969
Other costs including staff training and travel 2,655 11,365
Community Projects 5,952 -
Cafe expenses 303 -
270,050 273,252
Grant funding of activities (see note 8) 38,500 2,350
Share of support and governance costs (see note 9)
Support 5,287 5,382
Governance 2,331 1,393
316,168 282,377
Analysis by fund
Unrestricted funds 202,314 195,684
Restricted funds 113,854 86,693
316,168 282,377
8 Grants payable
Charitable Charitable
activities activities
2024 2023
£ £
Grants to institutions:
Other 38,500 2,350

CENTRAL SURREY VOLUNTARY ACTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

9 Support costs allocated to activities

Subscriptions and Memberships
General Expenditure
Bank Charges
Insurance
Governance costs
Analysed between:
Charitable activities
Governance costs comprise:
Legal and professional
Audit and Accountancy
10
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Depreciation of owned tangible fixed assets		 2024
£
188
3,616
270
1,213
2,331
7,618
7,618
2024
£
940
1,391
2,331
2024
£
1,039		 2023
£
1,739
2,424
72
1,147
1,393
6,775
6,775
2023
£
13
1,380
1,393
2023
£
1,385

11 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year.

12 Employees

The average number of employees during the year was as follows:

2024 2023
Number Number
Management 3 3
Charitable Activites 3 3
Administration 4 5
Total 10 11

CENTRAL SURREY VOLUNTARY ACTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

12
Employees
Employment costs
Wages and salaries
Social security costs
Other pension costs		 (Continued)
2024
2023
£
£
179,347
192,023
8,882
9,751
3,341
4,409
191,570
206,183		 (Continued)
2024
2023
£
£
179,347
192,023
8,882
9,751
3,341
4,409
191,570
206,183
206,183

10 (2023: 11) people were employed during the year. 2 of these people (2023: 1) did not work for the whole accounting period.

The total cost of Key Management Personnel for the year was £80,241 (2023: £74,736) including employer's national insurance and pension contributions. Key Management Personnel is defined as the Chief Officer and Deputy Chief Officer roles.

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

13 Taxation

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

14 Tangible fixed assets

Fixtures and
fittings
Computers
£
£
Cost
At 1 April 2023
28,278
9,762
At 31 March 2024
28,278
9,762
Depreciation and impairment
At 1 April 2023
28,169
5,716
Depreciation charged in the year
27
1,012
At 31 March 2024
28,196
6,728
Carrying amount
At 31 March 2024
82
3,034
At 31 March 2023
109
4,046		 Total
£
38,040
38,040
33,885
1,039
34,924
3,116
4,155

CENTRAL SURREY VOLUNTARY ACTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

15
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income		 2024
£
666
276
7,095
8,037		 2023
£
775
-
8,934
9,709

16 Finance lease obligations

Future minimum lease payments due under finance leases:

Within one year
Within two and five years		 2024
£
1,100
270
1,370		 2023
£
960
1,644
2,604

The charity has entered into a finance lease arrangement to purchase a photocopier. The lease is over a period of five years, the interest rate is fixed at the contract date, the lease is on a fixed repayment basis.

17 Creditors: amounts falling due within one year

Notes
Obligations under finance leases
16
Other taxation and social security
Deferred income
19
Accruals
18
Creditors: amounts falling due after more than one year
Notes
Obligations under finance leases
16		 2024
£
1,100
(1,222)
118,113
1,421
119,412
2024
£
270		 2023
£
960
5,474
15,000
1,380
22,814
2023
£
1,644

CENTRAL SURREY VOLUNTARY ACTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

19
Deferred income
Arising from government grants
Other deferred income
Deferred income is included in the financial statements as follows:
Deferred income is included within:
Current liabilities
Movements in the year:
Deferred income at 1 April 2023
Released from previous periods
Resources deferred in the year
Deferred income at 31 March 2024
20
Retirement benefit schemes
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes		 2024
£
103,113
15,000
118,113
2024
£
118,113
15,000
-
103,113
118,113
2024
£
3,341		 2023
£
-
15,000
15,000
2023
£
15,000
7,989
(7,989)
15,000
15,000
2023
£
4,409

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.

CENTRAL SURREY VOLUNTARY ACTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

21 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.

At 1 April Incoming Resources Transfers At 31 March
2023 resources expended 2024
£ £ £ £ £
- - - - -
Winter Pressure 50,741 - (36,433) - 14,308
Covid Shopping Vouchers 1,192 - - - 1,192
Carers' Support Walton 277 - (277) - -
Ukranian Support - 40,151 (18,309) - 21,842
Surrey Downs CCG 1,779 - - - 1,779
Fishing and friendship 2,223 - (1,911) - 312
Surrey CC - Social Prescribing 24,593 - - - 24,593
Surrey CC - Sparks 51,000 - (31,150) - 19,850
Walking Buddies 1,530 - - - 1,530
Time Bank Fund 1,445 - - - 1,445
Surrey CC - Public Health 919 - (1,800) 881 -
Community Foundation Surrey 2,015 41,920 (20,240) - 23,695
NAVCA - Ukraine 7,150 - (1,125) - 6,025
COVID shopping and DBS 287 - - - 287
Dorking & Surrounds 100 - - - 100
NAVCA - Cost of living 2,500 - (2,675) 175 -
147,751 82,071 (113,920) 1,056 116,958

CENTRAL SURREY VOLUNTARY ACTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

21 Restricted funds (Continued)
Previous year: At 1 April Incoming Resources Transfers At 31 March
2022 resources expended 2023
£ £ £ £ £
Winter Pressure 50,000 - (348) - 49,652
Covid Shopping Vouchers 1,392 - (50) (150) 1,192
Carers' Support Walton 277 - - - 277
Veterans' Support Association (1,388) - (430) 1,818 -
Surrey Downs CCG 30,086 - (28,307) - 1,779
Fishing and friendship 1,723 500 - - 2,223
Surrey CC - Social Prescribing 15,633 25,740 (16,780) - 24,593
Surrey CC - Sparks - 51,000 - - 51,000
Health Consultation 1,089 - - - 1,089
Walking Buddies 3,348 - - (1,818) 1,530
Time Bank Fund 1,445 - - - 1,445
Surrey CC - Public Health - 12,000 (6,686) (4,395) 919
Community Foundation Surrey 19,552 - (17,537) - 2,015
NAVCA - Ukraine - 7,500 (350) - 7,150
COVID salaries 9,810 - (14,205) 4,395 -
COVID shopping and DBS 287 - - - 287
Dorking & Surrounds 100 - - - 100
NAVCA - Cost of living - 4,500 (2,000) - 2,500
Tackling Inequalities Fund (150) - - 150 -
133,204 101,240 86,693 - 147,751

Winter Pressure: Epsom & St Helier winter support.

Surrey Downs CCG: Winter pressures funding to be used for salaries and overheads for projects supporting patients during pressured times.

Carers' Support Walton: Admin support.

Surrey CC - Sparks: To be given as grants to community groups supporting the impact of COVID and the cost of living crisis.

Veterans' Support Association: Funds management.

Fishing & Friendship: Elmbridge Borough Council social support.

Surrey CC - Social Prescribing: Social prescribing support services.

Health Consultation: Improving healthcare.

Walking Buddies: Leatherhead Diabetes walk and talk support.

Time Bank Fund: Walton Charity time banking.

Surrey CC - public health: Community Champion project.

CENTRAL SURREY VOLUNTARY ACTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

22 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 1 April Incoming Resources Transfers At 31 March
2023 resources expended 2024
£ £ £ £ £
General funds 82,748 157,542 (202,314) (1,056) 36,920
Previous year: At 1 April Incoming Resources Transfers At 31 March
2022 resources expended 2023
£ £ £ £ £
General funds 117,960 160,615 (195,827) - 82,748

23 Analysis of net assets between funds

Unrestricted
Restricted
funds
funds
2024
2024
£
£
At 31 March 2024:
Tangible assets
3,116
-
Current assets/(liabilities)
34,074
116,958
Long term liabilities
(270)
-
36,920
116,958
Unrestricted
Restricted
funds
funds
2023
2023
£
£
At 31 March 2023:
Tangible assets
4,155
-
Current assets/(liabilities)
80,237
147,751
Long term liabilities
(1,644)
-
82,748
147,751		 Total
2024
£
3,116
151,032
(270)
153,878
Total
2023
£
4,155
227,988
(1,644)
230,499

CENTRAL SURREY VOLUNTARY ACTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

24 Operating lease commitments

Lessee

At the reporting end date the Charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, including network services under a 7-year lease and hardware under a 5- year lease both commencing March 2023. These commitments fall due as follows:

Within one year
Between two and five years
In over five years		 2024
£
10,944
43,416
6,072
60,432		 2023
£
10,944
43,416
12,696
67,056

25 Related party transactions

Transactions with related parties

During the year the Charity entered into the following transactions with related parties: None

Sonia Hubbard: Sonia Hubbard is the CEO of a charity called Age Concern Mole Valley and this charity was awarded £2,000 restricted grant from the Sparks Fund, held by CSVA in September 2023