Charity registration number 1135959 (England and Wales) Company registration number 02720382
REDCAR AND CLEVELAND VOLUNTARY DEVELOPMENT AGENCY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
REDCAR AND CLEVELAND VOLUNTARY DEVELOPMENT AGENCY
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Mr WJ Tovey Mr M Caveney Mrs M Whitehead Mr NC Hornsby Mr M Hodgson Charity number (England and Wales) 1135959 Company number 02720382 Registered office Palace Hub 28-29 Esplanade Redcar North Yorkshire TS10 3AE Independent examiner Davies Tracey Swan House Westpoint Road Teesdale Business Park Stockton on Tees TS17 6BP
Bankers
Virgin Money 7 Linthorpe Road Middlesbrough TS1 1RF
REDCAR AND CLEVELAND VOLUNTARY DEVELOPMENT AGENCY
CONTENTS
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Page
Trustees' report 1 - 4
Independent examiner's report 5
Statement of financial activities 6
Balance sheet 7
Notes to the financial statements 8 - 18
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REDCAR AND CLEVELAND VOLUNTARY DEVELOPMENT AGENCY
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 and 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 principal object of the charitable company during the year under review was that of the provision of charitable activities for the benefit of the community in the Borough of Redcar and Cleveland.
Public benefit
In shaping our objectives for the year and planning our activities, the trustees have considered the Charity Commission’s guidance on public benefit.
Volunteers
The charity was established by volunteers for volunteers and is rooted in the distinct communities that make up the Borough of Redcar & Cleveland. The charity could not deliver its charitable works without voluntary help, and we wish to thank our friends for their loyal support and service.
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REDCAR AND CLEVELAND VOLUNTARY DEVELOPMENT AGENCY
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Achievements and performance
This year we’ve been reflecting on the primary purpose of the charity, which was established more than four decades ago in South Bank, by volunteers for volunteers, to help them in supporting communities across the Borough of Redcar and Cleveland. In our 2024 state of the sector report, produced in collaboration with Tees Valley Rural Action, we established that there are 186 registered charities, based in and operating from the borough, contributing a total of £16m+ annually to our economy. The wider sector is of course much larger and our collaborative work with the food partnership has identified over 36 discrete food services provided, which are kept going by more than 287 hours of volunteering weekly.
Whilst we work in close partnership with the public sector, none of the core functions of the charity are funded and we continue to find innovative and creative ways to fund our work, from the development and launch this year of the Redcar and Cleveland Community Lottery, which allows locally based community groups to benefit from half of each ticket sold, with the buyer being able to select the charity they’d like to benefit to the Redcar Fundseekers Platform, which allows local community groups to find funding and who we hope to fund long term with the income from the former. These initiatives aside, our core work is funded by surpluses in other areas of delivery, which we detail below.
Our work on transport, through the Wheels 2 Work programme was contracted to come to an end in September 2024, however, due to delays in the proposed consolation cabinet approval was sought and received at the Tees Valley Combined Authority (TVCA) to extend the scheme for a further year to 30 September 2025. Throughout the year TVCA have worked closely with the delivery team to ensure that long term participants of the scheme will be supported through the cessation and we are negotiating with them closely to work through a business case that would allow the transfer of the assets to the charity and for the scheme to be run on a commercial basis as a selffunded form of community transport provision.
Building on this aspiration for sustainable transport solutions, we have deepened our collaborative work with Tees Valley Rural Action and other voluntary sector community transport providers to better understand the grass roots needs of our communities and we were jointly successful in pitching for a small seed grant from TVCA in March 2025 to establish a new vehicle through which to develop these aspirations forming a company limited by guarantee, Tees Valley Community-led Transport Ltd to act as a future vehicle through which to develop and deliver transport solutions that are co-created and led by the communities of Redcar & Cleveland and the wider Tees Valley.
Our work in Education, Employment and Skills was strengthened over the course of the year through the delivery of our volunteering offer, the delivery of which was supported through employability funding secured through our longterm partnership with the charity Humankind (latterly known as Waythrough). This work was jointly funded by a successful consortium bid to the Shared Prosperity Funds held by TVCA to deliver part of the Tees Valley Move Forward programme, aligned with a separate bid to the National Lottery Community Programme to deliver the LEAP programme, which together provides a comprehensive support package to those furthest from the workplace through our partnership.
Our flagship primary careers programme, Building our Futures, concluded its second successful full year of academic delivery and we were delighted that Dogger Bank Wind Farm agreed to provide another two years of funding over the summer of 2024, meaning provision is now fully funded until August 2026. This programme is a unique partnership across the public, private and voluntary sector and in recognition of the key role played by its coordinator, Jacqui Hutchinson, she has taken a wider lead on our work in Education, Employment and Skills, enabling her to represent the transformative nature of this groundbreaking approach to building skills through realising social value at a regional and national level.
Following a successful tender in February 2024 to Middlesbrough Borough Council, in May we commenced our delivery of the Health Determinants Research Collaboration South Tees Community-based Research programme, delivered in partnership with Public Health South Tees and Teesside University. This ambitious five-year programme is funded by the National Health Institute and designed to support the development of an evidence-based research culture in local authorities, with our element of the programme designed to support those from the most disadvantaged and marginalised communities to be able to develop their own research questions, exploring solutions informed by their lived and living experience.
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REDCAR AND CLEVELAND VOLUNTARY DEVELOPMENT AGENCY
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Over the course of the year, we led on a pilot research project for the Institute of Community Studies at the Young Foundation as part of the Capabilities in Academic Policy Engagement (CAPE) funded through University College London, delivered in partnership with Teesside University and Redcar and Cleveland Council. This reflects a deepening focus on research and evidence-based practice, typified by our hosting of 22 Advance Practice Masters internships through Teesside University, each of whom we supported to engage in undertaking research projects either in or of interest to the wider community of Redcar and Cleveland, building on the work of earlier years.
Finally, as this accounting period drew to a close, we were awaiting the outcome of a funding bid to the Woodsmith Foundation, who leads a partnership of funders seeking to go some way to address the funding gap for support of charities across the borough. We have bid for these funds in partnership with Tees Valley Rural Action, representing work in the rural parts of the borough, and Darlington and Redcar and Cleveland Citizens Advice, who represent an increasingly common part of the shared infrastructure across local charities. It is a bid of which the organisation is proud and a piece of collaborative work that we will seek to deliver whatever the outcome of that funding opportunity.
Programme
We continue to work closely with Tees Valley Rural Action in the rural parts of East Cleveland, with Middlesbrough Voluntary Development Agency across the South Tees and with the Tees Valley Infrastructure Partnership across the Tees Valley to ensure the needs of those most marginalized across are provided with an assertive voice that will championing their needs.
Financial review
Total income during the year reduced to £460,879 and the charity incurred net expenditure during the year of £49,480. All funds and resources allocated to RCVDA, have been used for the sole purpose of the organisation inline with the Objectives as set out in the Charities Memorandum of Articles. The movements of the funds are described in the statements of financial activities, which highlight spend that is restricted and unrestricted, total funds carried forward are £87,735.
Reserves policy
The Trustees are working towards the policy of having sufficient reserves to be able to cover six months' operational costs. At 31 March 2025 the charity's free reserves amounted to £40,366 equivalent to approximately 8 weeks' operational costs.
Plans for future periods
The trustees remain committed to support the CEO and staff so that they can continue to move the charity forward.
Structure, governance and management
Redcar and Cleveland Voluntary Development Agency (RCVDA) was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed by the articles of association. RCVDA is also a registered Charity in England and Wales.
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REDCAR AND CLEVELAND VOLUNTARY DEVELOPMENT AGENCY
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Governing Body
The charitable company is governed by a Board of Trustees, who in accordance with its Articles of Association are the only members of the charitable company. Each trustee is required to meet specification concerning eligibility, personal competence specialist skills and local availability.
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:
Mr WJ Tovey Mr M Caveney Mr JM Anthony (Resigned 23 May 2025) Mrs M Whitehead Mr NC Hornsby Mr M Hodgson
Organisational structure and liability of executives
The charitable company has a Board of Trustees in accordance with its Articles of Association.
The trustees who are the only members of the charitable company during the year have guaranteed the liability of the charitable company up to the maximum of £5 each.
Trustee induction and training
New trustees are inducted into the working environment of the charity, and also of the company as a registered charity, including trustees' policy and procedures.
Risk management
The Trustees from time to time conduct their own review of the major strategic, business and operational risk to which the charitable company is exposed. The Board confirms that the systems have been established to monitor and control these risks to mitigate any impact that they may have on the charitable company.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
The trustees' report was approved by the Board of Trustees and signed on its behalf by:
Mr WJ Tovey Trustee
19 December 2025
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REDCAR AND CLEVELAND VOLUNTARY DEVELOPMENT AGENCY
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF REDCAR AND CLEVELAND VOLUNTARY DEVELOPMENT AGENCY
I report to the trustees on my examination of the financial statements of Redcar and Cleveland Voluntary Development Agency (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:
-
1 accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006.
-
2 the financial statements do not accord with those records; or
-
3 the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or
-
4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial statements 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.
Craig McBride FCA Davies Tracey Chartered Accountants and Business Advisers Swan House Westpoint Road Teesdale Business Park Stockton on Tees TS17 6BP
Dated: 22 December 2025
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REDCAR AND CLEVELAND VOLUNTARY DEVELOPMENT AGENCY
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: Charitable activities Contracts fo operational programmes 2 21,360 439,519 Total income 21,360 439,519 Expenditure on: Charitable activities Contracts for operational programmes 3 263,022 247,337 Total expenditure 263,022 247,337 Net income/(expenditure) (241,662) 192,182 Transfers between funds 228,445 (228,445) Net movement in funds 5 (13,217) (36,263) Reconciliation of funds: Fund balances at 1 April 2024 47,225 89,990 Fund balances at 31 March 2025 34,008 53,727 |
Total Unrestricted Restricted funds funds 2025 2024 2024 £ £ £ 460,879 101,893 504,591 460,879 101,893 504,591 510,359 239,453 413,102 510,359 239,453 413,102 (49,480) (137,560) 91,489 - 175,215 (175,215) (49,480) 37,655 (83,726) 137,215 9,570 173,716 87,735 47,225 89,990 |
Total 2024 £ - 606,484 606,484 652,555 652,555 (46,071) - (46,071) 183,286 137,215 |
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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REDCAR AND CLEVELAND VOLUNTARY DEVELOPMENT AGENCY
BALANCE SHEET AS AT 31 MARCH 2025
| Notes Fixed assets Tangible assets 8 Current assets Debtors 9 Cash at bank and in hand Creditors: amounts falling due within one year 11 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 12 Net assets The funds of the charity Restricted income funds 14 Unrestricted funds 15 |
2025 £ 67,637 112,310 179,947 (85,854) |
£ 3,325 94,093 97,418 (9,683) 87,735 53,727 34,008 87,735 |
2024 £ 101,566 135,949 237,515 (93,698) |
£ 58,213 143,817 202,030 (64,815) 137,215 89,990 47,225 137,215 |
|---|---|---|---|---|
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 19 December 2025
Mr WJ Tovey Trustee
Company registration number 02720382 (England and Wales)
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REDCAR AND CLEVELAND VOLUNTARY DEVELOPMENT AGENCY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
Charity information
Redcar and Cleveland Voluntary Development Agency is a private company limited by guarantee incorporated in England and Wales. The registered office is Palace Hub, 28-29 Esplanade, Redcar, North Yorkshire, TS10 3AE.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's governing document, 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.
Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred.
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REDCAR AND CLEVELAND VOLUNTARY DEVELOPMENT AGENCY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
Irrecoverable VAT is charged as a cost in the Statement of Financial Activities.
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:
Scooters and ebikes 33% on cost and 25% on cost Computer equipment 25% on cost Motor vehicles 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 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.
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REDCAR AND CLEVELAND VOLUNTARY DEVELOPMENT AGENCY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
(Continued)
Impairment of financial assets
Financial assets, other than those held at fair value through income and expenditure, are assessed for indicators of impairment at each reporting date. Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected.
If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in net income/(expenditure) for the year.
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in net income/(expenditure) for the year.
Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the charity transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
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.
1.8 Taxation
The charity is exempt from corporation tax on its charitable activities.
1.9 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.
1.10 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
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REDCAR AND CLEVELAND VOLUNTARY DEVELOPMENT AGENCY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
2 Charitable activities
| Contracts for | Contracts for | |
|---|---|---|
| operational | operational | |
| programmes | programmes | |
| 2025 | 2024 | |
| £ | £ | |
| Contracts for operational programmes | 460,879 | 606,484 |
| Analysis by fund | ||
| Unrestricted funds | 21,360 | 101,893 |
| Restricted funds | 439,519 | 504,591 |
| 460,879 | 606,484 | |
| Tees Valley Combined Authority - Wheels 2 Work | 226,733 | 299,303 |
| Middlesbrough Voluntary Development Agency - Changing Futures | 44,728 | 97,847 |
| VONNE - Social Prescribing | - | 13,418 |
| New College Durham - Teesworks | - | 80,840 |
| Woodsmith Foundation | - | 3,500 |
| Humankind - Tees Valley: Move Forwards | 24,815 | 9,684 |
| Other | 164,603 | 101,892 |
| 460,879 | 606,484 |
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REDCAR AND CLEVELAND VOLUNTARY DEVELOPMENT AGENCY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
3 Charitable activities
| Contracts for | Contracts for | |||
|---|---|---|---|---|
| operational | operational | |||
| programmes | programmes | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Staff costs | 291,973 | 291,761 | ||
| Depreciation and impairment | 54,887 | 129,343 | ||
| Other office costs | 158,774 | 226,951 | ||
| 505,634 | 648,055 | |||
| Share of governance costs (see note 4) | 4,725 | 4,500 | ||
| 510,359 | 652,555 | |||
| Analysis by fund | ||||
| Unrestricted funds | 263,022 | 239,453 | ||
| Restricted funds | 247,337 | 413,102 | ||
| 510,359 | 652,555 | |||
| 4 | Support costs allocated to activities | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Governance costs | 4,725 | 4,500 | ||
| Analysed between: | ||||
| Contracts for operational programmes | 4,725 | 4,500 | ||
| 5 | Net movement in funds | 2025 | 2024 | |
| £ | £ | |||
| The net movement in funds is stated after charging/(crediting): | ||||
| Fees payable to the charity's independent examiner: | ||||
| - for the independent examination of the charity's financial statements | 1,185 | 1,130 | ||
| - for other financial services | 3,540 | 3,370 | ||
| Depreciation of owned tangible fixed assets | 54,887 | 129,343 |
6 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
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REDCAR AND CLEVELAND VOLUNTARY DEVELOPMENT AGENCY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
7 Employees
The average monthly number of employees during the year was:
| Employment costs Wages and salaries Social security costs Other pension costs |
2025 Number 11 2025 £ 271,963 10,441 9,569 291,973 |
2024 Number 12 |
|---|---|---|
| 2024 £ 260,137 21,465 10,159 |
||
| 291,761 |
There were no employees whose annual remuneration was more than £60,000.
| 8 Tangible fixed assets Scooters and ebikes Computer equipment £ £ Cost At 1 April 2024 349,231 9,268 At 31 March 2025 349,231 9,268 Depreciation and impairment At 1 April 2024 305,761 7,947 Depreciation charged in the year 43,467 682 At 31 March 2025 349,228 8,629 Carrying amount At 31 March 2025 3 639 At 31 March 2024 43,471 1,321 9 Debtors Amounts falling due within one year: Trade debtors Prepayments and accrued income |
Motor vehicles £ 42,950 42,950 29,529 10,738 40,267 2,683 13,421 2025 £ 32,952 34,685 67,637 |
Total £ 401,449 |
|---|---|---|
| 401,449 | ||
| 343,237 54,887 |
||
| 398,124 | ||
| 3,325 | ||
| 58,213 | ||
| 2024 £ 32,586 68,980 |
||
| 101,566 |
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REDCAR AND CLEVELAND VOLUNTARY DEVELOPMENT AGENCY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
| 10 Loans and overdrafts 2025 £ Bank loans 65,361 Payable within one year 55,678 Payable after one year 9,683 The long-term loans are secured by fixed and floating charges over the company's assets. |
2024 £ 120,371 |
|---|---|
| 55,556 64,815 |
|
| 11 Creditors: amounts falling due within one year Notes Bank loans 10 Other taxation and social security Trade creditors Other creditors Accruals and deferred income 12 Creditors: amounts falling due after more than one year Notes Bank loans 10 13 Retirement benefit schemes Defined contribution schemes Charge to profit or loss in respect of defined contribution schemes |
2025 £ 55,678 15,161 8,083 1,932 5,000 85,854 2025 £ 9,683 2025 £ 9,569 |
2024 £ 55,556 20,435 13,276 2,116 2,315 |
|---|---|---|
| 93,698 | ||
| 2024 £ 64,815 |
||
| 2024 £ 10,159 |
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.
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| LEAP | CAPE | HDRC | VONNE - Social Prescribing | Futures | Dogger Bank Wind Farm - Building our | Woodsmith Foundation | Agency - Changing Futures | Middlesbrough Voluntary Development | Virgin - Business Development Manager | Virgin Money Foundation | Humankind - Tees Valley: Move Forward | Middlesbrough BC | Cycling insight | Hartlepool BC | Ballinger Trust | Sport England | Anglo-American Foundation | TEWV | New College Durham - Teesworks | Work | Tees Valley Combined Authority - Wheels 2 | Redcar & Cleveland BC | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 173,716 | - | - | - | - | 80,263 | 3,970 | (36,012) | 37,712 | (11,966) | (5,301) | 15,000 | 2,060 | 130 | (228) | 2,518 | 40,000 | 86,970 | - | (41,400) | - | £ | 1 April 2023 | Balance at | ||||
| 504,591 (413,102) |
- - |
- - |
- - |
13,418 - |
- (34,361) |
3,500 - |
97,847 (35,489) |
- - |
- - |
9,683 (58) |
- - |
- - |
- - |
- - |
- - |
- - |
- - |
80,840 (3,653) |
299,303 (328,569) |
- (10,972) |
£ £ |
resources expended |
Incoming Resources |
Movement in funds | |||
| (175,215) | - | - | - | - | - | (7,470) | - | (37,712) | 11,966 | - | (15,000) | (2,060) | (130) | 228 | (2,518) | (40,000) | (86,970) | (77,187) | 70,666 | 10,972 | £ | Transfers | |||||
| 89,990 | - | - | - | 13,418 | 45,902 | - | 26,346 | - | - | 4,324 | - | - | - | - | - | - | - | - | - | - | £ | 1 April 2024 | Balance at | ||||
| 439,519 (247,337) |
18,461 (13,088) |
25,000 (7,708) |
80,634 (14,954) |
- - |
73,067 (41,677) |
- - |
(9,191) (600) |
- - |
- - |
24,815 (11,656) |
- - |
- - |
- - |
- - |
- - |
- - |
- - |
- - |
226,733 (157,654) |
- - |
£ £ |
resources expended |
Incoming Resources |
Movement in funds | |||
| (228,445) 53,727 |
(5,373) - |
(17,292) - |
(56,580) 9,100 |
- 13,418 |
(46,083) 31,209 |
- - |
(16,555) - |
- - |
- - |
(17,483) - |
- - |
- - |
- - |
- - |
- - |
- - |
- - |
- - |
(69,079) - |
- - |
£ £ |
31 March 2025 | Transfers Balance at |
| restrictions have been discharged. | Transfers are made from unrestricted funds to cover shortfalls in restricted funds. Transfers are made from restricted funds to unrestricted funds once the relevant | Restricted funds represent resources received from funders for the purchase of items of a specific nature. | 14 Restricted funds (Continued) |
FOR THE YEAR ENDED 31 MARCH 2025 | NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) | REDCAR AND CLEVELAND VOLUNTARY DEVELOPMENT AGENCY |
|---|---|---|---|---|---|---|
REDCAR AND CLEVELAND VOLUNTARY DEVELOPMENT AGENCY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
15 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 | |
|---|---|---|---|---|---|---|
| 2024 | resources | expended | 2025 | |||
| £ | £ | £ | £ | £ | ||
| General funds | 47,225 | 21,360 | (263,022) | 228,445 | 34,008 | |
| Previous year: | At | 1 April | Incoming | Resources | Transfers | At 31 March |
| 2023 | resources | expended | 2024 | |||
| £ | £ | £ | £ | £ | ||
| General funds | 9,570 | 101,893 | (239,453) | 175,215 | 47,225 | |
| Analysis of net assets between | funds | |||||
| Unrestricted | Restricted | Total | ||||
| funds | funds | |||||
| 2025 | 2025 | 2025 | ||||
| £ | £ | £ | ||||
| At 31 March 2025: | ||||||
| Tangible assets | 3,325 | - | 3,325 | |||
| Current assets/(liabilities) | 40,366 | 53,727 | 94,093 | |||
| Long term liabilities | (9,683) | - | (9,683) | |||
| 34,008 | 53,727 | 87,735 | ||||
| Unrestricted | Restricted | Total | ||||
| funds | funds | |||||
| 2024 | 2024 | 2024 | ||||
| £ | £ | £ | ||||
| At 31 March 2024: | ||||||
| Tangible assets | 14,745 | 43,468 | 58,213 | |||
| Current assets/(liabilities) | 97,295 | 46,522 | 143,817 | |||
| Long term liabilities | (64,815) | - | (64,815) | |||
| 47,225 | 89,990 | 137,215 |
16 Analysis of net assets between funds
17 Financial commitments, guarantees and contingent liabilities
Grants receivable and similar funding may be repayable if certain associated conditions are not, or have not been, met.
- 17 -
REDCAR AND CLEVELAND VOLUNTARY DEVELOPMENT AGENCY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
18 Operating lease commitments
Lessee
| Lessee | ||
|---|---|---|
| At the reporting end date the charity had outstanding commitments for future | minimum lease payments | under |
| non-cancellable operating leases, which fall due as follows: | ||
| 2025 | 2024 | |
| £ | £ | |
| Within one year | 833 | 1,332 |
19 Related party transactions
There have been no disclosable related party transactions during the year.
- 18 -