Charity registration number 1136465 (England and Wales) Company registration number 07233113 CHESHIRE WEST VOLUNTARY ACTION ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
CHESHIRE WEST VOLUNTARY ACTION LEGAL AND ADMINISTRATIVE INFORMATION Trustees Ms D Brown Ms V Buzza Mr J Davies MrAKJeffs Mr B D Rigby Ms S Sutherland Dr H Vvhite Charity number {England and Wales) 1136465 Company number 07233113 Registsred office The Blue¢031 Upper Northgale Street Chester CH14EE Auditor Champion Accounlanls LLP 2nd Floar Refuge House 33-37 Watergate Row Chester CH12LE
CHESHIRE WEST VOLUNTARY ACTION CONTENTS Page Trustees, report Independent auditols report Statement of financial activities Balance sheet 10 Slalement of cash flows Notes lo the financial statements 12-26
CHESHIRE WEST VOLUNTARY ACTION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual report and financial 51alements for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies sel out in note 1 10 the financial statements and comply with the charity's governing document, the Companies Act 2006. FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" Objectives and activities Cheshire West Voluntary Action'5 ICWVA} vision is championing the Community sector - building trust. influencing, inspiring. This is achieved through four key strategic aim5. Connecting by building trusted relationships and capacity within and across sectors Championing our members and providing opportunities for people's voices to influence change locally, regionally and nationally Sharing and growing opportunities for the sector Building resilience lo respond lo key 50cielal issues and ¢rises creatively and appropriately CWVA has been rooted in the local community since 1914 and continues lo offer a wide range of invaluable support for the community sector in Cheshire West. Our Values Passion Independence Volunteering Collaboration Inclusiveness Public b8ngfit The trustees have paid due regard lo guidance issued by the Charity Commission in deciding what activities the Charity should undertake. Cheshire West Voluntary Action (CVWAI has been supporting voluntary, community, faith groups, and social enterprises {VCFSE sector) across west Cheshire for nearly 110 years. Our role is lo enable local organi5alions lo thrive by offering practical support with governance. volunteering. funding. training, networking, and representation. We advocate for the sector through strategic partnerships and create opportunities for our members. Our Vision CWVA'S vision ¢510 champion the community sector by building trust, influencing change, and inspiring action. We achieve thi5 by: Connecting sectors and building trusted relationships. Championing our members and amplifying their voices lo influence policy. Sharing and expanding opportunities for the sector. Building resilience to address societal issues with creativity and care. KeyAreas of Work Our team of 13, led by Chief Executive. Gary Cliffe. has played a significant role in shaping the local health and social care landscape. As an equal partner in Cheshire Vvesl Place. we are recognised for our ability to support early intervention and prevention. helping lo reduce the burden on statutory services. However. there is an ongoing need lo invest in the sector to deliver these SeiceS effectively. CVWA continues lo act as a strategic bridge. representing a diverse range or organisalions and enabling a unified conversation with slalulory partners. Our work is vital in building the capacity of the sector to respond to increasing demand and prevent people from falling into crisis.
CHESHIRE WEST VOLUNTARY ACTION TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achievements and perfomiance oveieW of acÈiviÈy for 2024-25 During 2024-25, CVVVA actively supported more than 900 people from 257 organisations, equating lo almost 3,300 collective hours of support and nearly 2,000 collective attendances al events, training and one-to-one support sessions. CVVVA'S reach is far wider. however, through ils extensive digital and in-person networks. Below is a breakdown of individual workstreams and the outcomes that have been achieved. System laadgrship As a champion for the community sector. CWVA offers extensive system leadership and a strong voice for the sector. helping make sure it IS seen as an equal partner and can influence a wide range of agendas. The CWVA team, supported by member organisalions, regularly attend more than 50 meetings and boards to offer system leadership. Alongside the work of CWVA'S themed alliances and partnerships, this has opened many opwrtunilies for the community sector. CVVVA is now coordinating Community Partnerships, playing a leading role in the borough's work at a neighbourhood level. and is heavily engaged with emerging agendas like devolution, working with the Cheshire and Warringlon Infrastructure Partnership ICWIPI to develop a community sector manifesto. Cheshire and Mersaysidg Canc8rAllianGe CWVA delivers the Cheshire and Mersey5ide Cancer Alliance in Cheshire Wesl, funding and 5UPPOrting community engagement projects aimed al promoting early cancer diagnosis. Cancer messaging has been fed into projects in engaging and inleraclive ways, helping reach under-served communities that can be traditionally more difficult lo engage with. The Our Best Chance project, delivered by Live1 Cheshire for people with learning disabilities, had a social return on investment ISROI) of £ 4.33 per £1 invested - based on the value of being part of an active Social group, and improved confidence among people with disabilities when discussing cancer. The approach of this award-winning Cancer Alliance project, embedding early intervention and prevention messages in communities, is being explored by CWVA more broadly for other projects. Children, Young P80ple and Families (CYPF) Allianca During 2024-25, the CYPF Alliance has continued lo mature, with a membership of more than 50 community sector organisalions. The Alliance has Sel its vision and strategic priorities, forming sub groups lo feed into the main Alliance meetings. A first CYPF Alliance Conference was held. and il played a key role in developing a new neurodevelopment pathway for Cheshire and Merseyside, coordinating the initial coproduction and creating resources lo support the launGh of the new pathway. Development offer More than £340,000 of funding has been distributed by CWVA to the Gommunity sector. working with funders like Cadent Gas, Enlep Properties Ltd, the Household Support Fund and UK Shared Prosperity IUKSPF). £150,000 of funding distributed on behalf of Cadenl Gas delivered a social return on investment ISROI} of £4.48 per £1 invested based on signposting for other services, reducing the risk of carbon monoxide by fitting alarms, and support with dampness and condensation issues in the household. CWVA has developed a Vision for Volunteering, helping create a framework for investing time and resources inlo volunteering, elevating ils importance and extending its reach far and wide. The Volunteer Managèrs Network has been relaunched, creating a space for volunteer manager5 to come together and drive forward the Vision for Volunteering. CWVA has also been leading a bespoke projéct with funding from the VVe51minsler Foundation, coproducing a training package for community sector organisations that can support them with encouraging more younger people to volunteer and remove some of the existing barriers. Training continues to be a key part of CVVVA'S offer to community sector organisations, delivered by both the CWVA team and external trainers. This programme is delivered in line with the needs of member organisalions, covering an extensive range of topics like managing conflict, fundraising, impact, First Aid. safeguarding. food hygiene and much more. 83 per cent of people providing post-training feedback said it was excellent, while 97 per cent said their knowledge in the subject area had improved.
CHESHIRE WEST VOLUNTARY ACTION TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Mental Health Alliance Now a couple of years old, the Mental Health Alliance has reviewed its vision and strategic priorities. making sure it continues lo meet its members, needs and can influence the local mental health system effectively. The Alliance has helped lever in £240,000 of funding over two years for Cheshire Young Carers and Youth Fed lo deliver a mental health coaching project in schools, delivering a Social return on investment ISROII of £8.73 per £1 invested - based on preventing school exclusion, an improvement in confidence and self-awareness among nearly 400 pupils, and the cost of mental health therapy. The Alliance also worked with eight community sector organisalions lo deliver a Positive Mental Health for Us project. capturing the lived experience of under-served communities and the challenges faced when trying to access mental health services. This project included two in-person events, as well as an online resources, lo help professionals in their roles supporting these communities. Wast Cheshirè Food Partnership After the transition from the Welcome Network lo the Wesl Cheshire Food Partnership, il is aiming towards a Sustainable Food Places bronze accreditation. The Food Partnership brings people and organi5ations together across sectors, helping make sure everyone in our communities can access the food support they need. A second Wesl Cheshire Food Summit was held to help sel the vision for the Food Partnership, with nearly 70 people from 27 different organisations in attendance and 82 per cent of people rating the event as &xcellenl. Food for All reports were developed by several community sector organisations, understanding the barriers lo accessing healthy and affordable food, while innovative projects like Brio 8ite5, delivered by Council company Brio Leisure, have helped create nulrilious and affordable pre-packed mea15 that can be accessed by older people and others who might benefit from them in the local community. Conclusion As highlighted in the summary of CVVVA'S activities, the charity continues lo b8 committed to its vision of championing the community sector - building Irusl, influen¢ing, inspiring. While these are challenging limes for the sector, with increased demand for services at a lime when funding is stretched, CWVA has built Ifusled relationships wilh partners, helping make sure the sector is seen as an equal partner and well-placed lo access future funding and opportunities. Flnancial review During 2024125. CWVA had an increased income of over £1 milion which has led lo us having a full audit for the first lime which has been an interesting and fruitful exercise las well as needing hard work and resourTrsl. We showed a small deficit bul within acceptable parameters of our budget for the year. We again distributed funds on behalf of public sector partners, charitable trusts and private organisalions, retaining a modest management fee lo support our core operations. These funds enabled frontline VCFSE organisalions to Sustain essential services amid ongoing financial pressure within communities, particulafly around poverty. mental health and access lo basic support. Unrestricted feserves decreased slightly during the year by £5.489 10 £276,468, reflecting prudent cost control and sustained partnership income in difficult limes. Core incorne has slowed due lo uncertainly around major funding streams, including the conclusion of UK Shared Prosperity Fund allocations. While our reseNes remai n within policy tolerance, Trustees are alert lo future risk and are actively reviewing income diversification and scenario planning. CWVA entered 2025126 financially stable bul cautlQU5, with robust financial controls and governance in place to manage potential funding volalilily. Rgsgrves policy 11 is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained al a level equivalent lo between three and six month's expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able lo continue the charity's current activities while consideration is given lo ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. Investment policy The charity does not have an investment policy. The funds of the charity are held in interest bearing bank accounts lo maximise returns.
CHESHIRE WEST VOLUNTARY ACTION TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 structure, governance and management The charity is controlled by 115 governing document, a deed of Irusl. and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The trustees. who are also the directors for the purpose of company law, and who served during the year and up lo the date of signature of the financial statements were.. Ms D 8rown Ms V Buzza Mr J Davies MrAKJeffs Mr B D Rigby Ms S Sutherland Dr H White Ms L Heskelh IResign8d 16 October 20241 R9cltmgnt and appointm8nt of trustees Mew Trustees are appointed by the Board after advertisement of the vacancies and short li5tin9 against the published role description. followed by an interview with three existing Iruslees. The interviewing group reports lo the Board who decide whether or not lo appoint. Under the Memorandum and Articles of Association. appointment as a Iruslee is immediate but il is confirmed by members al the organisation's next Annual General Meeting lo serve for a period of three years. after which they may be re-appointed for one further period of thre8 years. In accordance with the charity's governing document. the Board meets at least four limes a year. The Board compri5e5 representatives of voluntary and community or9anisations and other members with appropriate skill 5els. the Board of Trustees forms sub-commillees and ad hoc working groups lo address particular issues. including finance and govemance matters with recommendations. which are considered by the full Board. New trustees are provided with an induction lo the charity lo familiarise themselves with the organisation and the context in which it operates. jointly delivered by the Chair and the Chief Exè¢utive. New trustees are also provided with a welcomel induction pack which includes Charily Commission guidance on the roles and responsibilities of trustees CWVA'S Code of Condu¢l.' Declarations of Interests Guidance, CVVVA'S Governing Document., most recent Annual A¢¢ounls und Annual review.. and Strategic Plan. The Charity has a full lime Chief Executive who reports lo the 8oard of Trustees and is line managed by the Chair. and a Deputy Chief Executive line managed by the Chief Exe¢ulive. None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up. Statement of trustees, responsibilities The Iruslees, who are also the directors of Cheshire Wesl Voluntary Action for the purpose of company law, are responsible for preparing the Trustees, Report and the financial slalements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees lo prepafe financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure. of the charitable company for that year. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistenlly., observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent.. and prepare the financial statements on the going concern basis unless it is inappropriate lo presume that thè charily will continue in operation.
CHESHIRE WEST VOLUNTARY ACTION TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any lime the financial position of the charity and enable them lo ensure that the financial statements comply with the Companies Act 2006. They are also responsible lor safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregular1ties. Auditor In accordance with the company's articles, a resolution proposing that Champion Accountants LLP be reappointed as auditor of the company will be pul al a General Meeting. The Iruslees, report was approved by the Board of Trusle8S. AKJeffs Trustee Dale
CHESHIRE WEST VOLUNTARY ACTION INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF CHESHIRE WEST VOLUNTARY ACTION Opinion We have audited the financial statements of Cheshire Wesl Voluntary Action (the 'charily'l for the year ended 31 March 2025 which comprise the slalemenl of financial activitie5, the balance sheet. the statement of cash flow5 and notes lo the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 Th& Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted A¢Gounting Practice). In our opinion, the financial statements.. give a true and fair view of the State of the charitable Gompany's affairs as al 31 March 2025 and of its incoming resources and application of resources, for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting PraclicÉ', and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinlon We conducted our audit in accordance with International Standards on Auditing (UK) {ISAs (UKI} and applicable law. Our r8spon5ibilities under those standards are further described in the Auditorts r8sponsibilities ft)r the audit ol the financial statam8nts section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant lo our audit of the financial slalements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclusions relatlng to going concern In auditing the financial statements, we have concluded that the trusleas, use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubl on the charity's ability to continue as a going concern for a period of at least e1ve months from when the finan¢ial statements are authorised for issue. Our responsibilities and the responsibilities of the Iruslees with respect lo going concem are described in the relevant sections of thi5 Teport. Other Information The other infarmation comprises the information included in the annual report other than the financial slalemenls and our auditor's report Ihereon. The Iru5tees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion Ihereon. Our responsibility is lo read the other information and, in doing 50. consider whether the other information is materially inconsistent with the financial statemen15 or our knowledge obtained in the course of the audil, or otherwise appears lo be materially misstated. If we identify such material inconsistencies or apparent material mis5tatemenls. we are required lo determine whethèr this gives rise to a materrdl misslalemenl in the financial slalements themselves. If, based on the work we have performed, we conclude that there is a material misstalemenl of this other information, we are required lo report that fact. We have nothing lo report in this regard. Matters on which we are required to report by exception We have nothing lo report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us lo report lo you if, in our opinion.. the information given in the financial statements is inconsistent in any material respect with the trustees. report., or sufficient accounting records have not been kept., or the financial statements are not in agreement with the accounting records., or we have not received all the information and explanations we require for our audit.
CHESHIRE WEST VOLUNTARY ACTION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF CHESHIRE WEST VOLUNTARY ACTION Responsibilities of trustees As explained more fully in the statement of trustees, responsibilities, the trustees, who are also the directors of the charity for the purpose of company law. are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misslalemenl, whether due lo fraud or error. In preparing the financial slalements, the trustees are responsible for assessing the charity's ability lo continue as a going concern, disclosing, as applicable, matters related lo going concern and using the going concern basis of accounting unless the Iruslees either intend to liquidate th8 charitable company or to cease operations, or have no realistic alternative but lo do so. Auditorfs responsibilities for the audit of the financial statements We have been appointed as auditor under section 144 of the Ghariti8s Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives arè lo obtain reasonable assurance about whether th8 financial statements as a whole are free from material misstatement, whether due lo fraud or error, and lo issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance bul is not a guarantee that an audit conducted in accordance with ISAS (UK) will always delecl a material mis51atémenl when it exists. Misslatemenls can arise from fraud or error and are considered material if, individually or in the aggregate. they could reasonably be expected lo influence the economic decisions of users taken on th8 basis of these financial slalements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, lo delect material misstatements in respect of irregularities. including fraud. Thè extent to which our procedures are capable of detecting irregularities, including fraud. 15 detailed below. Extent to which the audit is considered capable of detacting irregularities, includlng fraud The responsibility for the prevention and detection of irregularities, in¢luding fraud, lies with the trustees and with those charged with govérnance. The objectives of our audit in respect of irregularities and fraud are lo assess the risk of material misslalement of the financial statements due lo fraud, lo obtain sufficient, appropriate audit evidence regarding Ihe assessed risks and to respond appropriately lo fraud or suspected fraud identified during the audit. Audit proc8dures We determine significant applicable laws and regulations through discussion with those charged with governance and our own knowledge of the industry and design audit procedures to help identify instances of non-compliance with those laws and regulations that may have a material effect on the financial statements. We consider the applicable laws and regulations lo be the financial reporting framework IFRS 102 and the Companies A¢t 20061, charity law. èmployment law, and the Health and Safety al Work Act 1974. We consider the control environment and the procedures in place to address identified risks, including management override, non-compliance with laws and regulations and lo prevent and delect fraud or irregularity. Our procedures are designed lo provide reasonable assurance that the financial statements are free from material misstalemenl or error and include.. enquiries of management and of staff in kèy compliance functions., review of reported incidents and reports from regulators,. review of minutes of meetings of those charged with governance., review and lesling of manual journals, relevant nominals and significant transactions outside the normal course of business", review of financial slalement disclosures and lesling lo supporting documentation,. performance of analytical procedures. We are not responsible for preventing non-compliance and due lo the inherent limitations of an audit, as described above, the audit cannot be relied upon lo detect all instances of non-compliance with laws and regulations. A further description of our responsibilities is available on the Financial Reporting Council's website al.. https'.11 www.frc.org.uklauditorsresponsibilities. This description forms part of our audilo¢s report.
CHESHIRE WEST VOLUNTARY ACTION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF CHESHIRE WEST VOLUNTARY ACTION Other matters The financial slalemenls for the year ended 31 March 2024 were not audited and were subject only to an independent examination. Accordingly, we do not express an opinion on the comparative figures included within these financial stalemenls. We have obtained sufficient appropriate audit evidence that the opening balances do not contain material misstatements that malerially affect the current Period's financial statements. Use of our report This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities {Accounts and Report51 Regulations 2008. Our audit Work has been undertaken so that we might slate to the charity's truste8S those matters we are required lo stale to them in an auditor's report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility lo anyone other than the charity and the charity's Iruslees as a body, for our audit work, for this report, or for the opinions we have formed. Susan Harris MA ACA {Senior Statutory Auditor) For and on behalf of Champion Accountants LLP, Statutory Auditor Chartered Accountants 2nd Floor Refuge House 33-37 Walergale Row Chester CH12LE Dale.. L4* O Jo Ir Champion Accountants LLP is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2008.
CHESHIRE WEST VOLUNTARY ACTION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARGH 2025 Unrestricted Restricted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Notes Income from: Charitable activities Events and training Investments 169,886 1,460 1,857 954,002 1,123.888 1,460 1,857 529,010 80 944 278,564 807,574 80 944 Total income 173,203 954,002 1,127,205 530,034 278.564 808,598 Expenditure on: Charitable activities 220,860 920,944 1.141,804 511,373 224.251 735,624 Total expenditure 220,860 920,944 1,141,804 511,373 224,251 735,624 Nel gain51llosses} on investments 13 11,997) {1,9971 3,558 3,558 Nat incomel(axpendlture} 149,654) 33,058 116,5961 22,219 54,313 76,532 Transfers between funds 44,165 {44,1651 72,381 (72,381) Net movement In funds 10 {5,489) 111 1071 116,596) 94,600 118,068) 76,532 Reconclllatlon of funds: Fund balances at 1 April 2024 281,957 24,974 306,931 187,357 43,042 230,399 Fund balances at 31 March 2025 276,468 13,867 290,335 281,957 24,974 306,931 The statement of financial aclivilies includes all gains and losses recogni5ed in the year. All income and expenditure derive from continuing activities.
CHESHIRE WEST VOLUNTARY ACTION BALANCE SHEET AS AT31 MARCH 2025 202S 2024 Notes Fixed assets Tangible assets Investments 15 16 25 42.866 40,869 40,869 42,891 Current assets Debtors Cash at bank and in hand 17 138.841 248,621 72,969 207,622 387,462 280,591 Credltors: amounts falling due within one yoar 18 {137,996} 116,551) Net current assets 249,466 264.040 Total assats las8 current liabilities 290,335 306,931 The funds of the charlty Rèstricted income funds Unrestricted funds 21 22 13.867 276.468 24,974 281,957 290,335 306,931 The financial tatements were approved by the trustees on K Jeffs Trustee Company registration number 07233113 (England and Wales) 10
CHESHIRE WEST VOLUNTARY ACTION STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 202S 2024 Notes Cash flows from operating activities Cash generated froml{absorbed by) operations 25 39,142 {29,8731 Investing activities Investment income recéived 1,857 944 Not cash generatsd from Investing activities 1,857 944 Net cash generated from financing aGtlvlties Net increaselldecrease} In cash and cash equivalents 40.999 128,9291 Cash and ¢ash equivalents at beginning of year 207.622 236.551 Cash and cash aquivalents at end of year 248,821 207,622
CHESHIRE WEST VOLUNTARY ACTION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charity information Cheshire West Voluntary Action is a private company limited by guarantee incorporated in England and Wales. The registered office is The Bluecoal, Upper Northgate Street, Chester, CH14EE. 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 ol Ireland" and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended PractlC8 applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102}" The charity is a Public Benefit Enlily as defined by FRS 102. The financial statements are prepared in sterling, which is the funclional currency of the charity. Monetary amounts in these financial slalements are rounded lo the nearest £. The financial slalemenls have been prepared under the historical cost convention. The principal accounting policies adopted are Set out below. 1.2 Going concern Al the time of approving the financial slalemenls, the Iruslees have a reasonable expectation that the charity has adequate resources lo ¢onlinue in operational existence for the foreseeable future. Thus the trustees continue lo adopt the going concern basis of accounting in preparing the financial statèments. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trnslees in furtherance of their charitable obieGlives. Restricted funds are subject lo specific conditions by donors or grantors as lo how they may be used. The purposes and uses of the restricted funds are sel out in the notes lo the financial slalemènts. 1.4 Income Income is recognised when the charity is legally entitled lo it after any performance conditions have been met, the amounts can be measured reliably, and il is probable that income will be recéived. Cash donations are recognised on reipl. 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 lo donations received under Gift Aid or deeds of covenant is recognised al the lime of the donation. Legacies are recognised on receipt or othemise 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. Management fees are earned by the charity for the administration of funds on behalf of third party funders. The fees are calculated as a percentage of the funds or as a fixed sum. depending on the project being funded. Fees are recognised when performance wnditions have been mel. 12
CHESHIRE WEST VOLUNTARY ACTION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued) 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation lo transfer economic benefit lo a third party. il 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 dirdrl costs and shared Gosts, including support costs involved in undertaking each aclivily. Direct costs allributable lo a singl8 activity are allocated directly lo that activity. Shared costs which contribute lo 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 lime spent, and deprecialion charges are allocated on the portion of the asset's use. 1.6 Tangible flxed 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 lo write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Fixtures and fittings Computers 200/0 on reducing balance 200/0 on 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 Fixed asset investments Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting dale. Changes in fair value are recognised in net in¢omellexpenditurel for the year. Transa¢tion costs are expensed as incurred. 1.8 Impairnient of fixed assats At each reporting end date, the charity reviews the carrying amounts of ils tangible assets lo 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 eslimaled in order to determine the extent of the impairment loss lif any). 1.9 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with bank5, other short-lerm liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.10 Financial instruments The charity has elected lo apply the provisions of Section 11 'Basic Financial Instruments. and Section 12 'Olher Financial Instruments Issues, of FRS 102 to all of ils financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party lo the contractual Pfovisions of the instrument. Financial assets and liabilities are offset, with the nel amounts presented in the financial statemen15, when there is a legally enforceable right to sel off the recognised amounts and there is an intention to settle on a net basis or lo realise the asset and settle the liability simultaneously. 13
CHESHIRE WEST VOLUNTARY ACTION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued) Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured al transaction price including transaction costs and are subsequently carried al amortised cost using the effective interest method unless the arrangement constitutes a financing Iransaclion, where the transaction is measured al the present value of the future receipts discounted al a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities. including creditors and bank loans are initially recognised at transaction price unless the arrangement constilules a financing transaction, where the debt instrument is measured al 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 lo 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-currenl liabilities. Trade creditors are recognised initially at transaction pric8 and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilit18s are derecognised when the ¢harity's contractual obligations expire or are discharged Of cancelled. 1.11 Employae benefits The cost of any unused holiday entillement is re¢ognis8d in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the Gharity is demonstrably committed lo lerminale the employment of an employee or lo provide termination benefits. 1.12 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Critlcal 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 lo be relevant. Actual results may differ from these eslimales. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions lo 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. None are considered lo have a significant impact. 14-
CHESHIRE WEST VOLUNTARY ACTION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from charitable activities Unrestricted Restricted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Charitable activities Performance related grants 169,886 954,002 1,123.888 529.010 278,564 807,574 Income from events and training Unrestricted Unrestricted funds funds 2025 2024 Fundraising events 1,460 80 Income from investments Unrestricted Unrestricted funds funds 2025 2024 Other income 1,857 944 Agency Arrangements The Gharity acts as an agent in respect of certain funds received for distribution on behalf of third parties. These funds are not recognised as income or expenditure of the charity. The movements on these funds during the year were as follows.. Funds held al beginning of year.. £nil Amounts received in year.. £60,183.90 Amounts distributed in year'.1£33,815.50) Management fee retained by the charity.. (£250.00) Funds held al end of year.. £26,118.40 The charity retained a management fee of £250, which is recognised as income in the Statement of Financial Activities under Income from charitable activities. 15-
CHESHIRE WEST VOLUNTARY ACTION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARGH 2025 Expenditure on charitable activities Charitable activities 2025 Charitable activities 2024 Direct costs Staff costs Depreciation and impairrnent Rent Staffing Isecondedlagencylcontracted staffj Events and training Other direct axpenses 289,646 25 12,311 27,939 18.815 13,860 237,119 10,513 10,273 24,651 25,880 362,596 308,442 Grant funding of activities (see note 8) 689,882 340,845 Share of $upport and governance costs {see note 91 Support Governance 77,079 12,247 82,344 3,993 1,141,804 735,624 Analysis by fund Unrestricted funds Restricted funds 220,860 920,944 511,373 224,251 1,141,804 735,624 Grants payable Charitable activities 2025 Charitsble a¢tivities 2024 Grants to instilutions.. Support for grass roots and communily groups Relief of food and fuel poverty Mental health support Creative food projects Heallh promotion and engagement Neurodiversity research Creative arts projects 23,084 269,863 136,235 6,000 132,550 56.150 66.000 36.811 204,397 9,770 33,867 56.000 689.882 340,845 16-
CHESHIRE WEST VOLUNTARY ACTION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 Grants payable (Continued) The charity awarded grants lo institutions lo administer projects directly in furtherance of its charitable objectives. The charity does not provide grants lo individuals. Grants were awarded lo fund local projects, as described above, and included donations of £125,155 to Youth Federation Limited. £28.000 lo Mid Cheshire Hospital Trust, £26,500 to Cheshire Community Action, £23,555 to Heallhbox CIC, £23,130 to Dial Wesl Cheshire and £22,500 to Age UK Cheshire. Total grants awarded can be analysed as follows.. Individually material grants - £248,840 Others- £441.042 Total grants payable - £689.882 Support costs allocated to a¢tivitie8 2025 2024 Staff costs Publicity and marketing Motor and travel Events and training Office expenses Gov8rnance costs 41,624 364 1.282 1,638 32,171 12,247 39,084 6,524 982 1,455 34,319 3,993 89,326 86,337 Analysed betrieen: Charitable activities 89,326 86,337 10 Net movement In funds 202S 2024 The net movement in funds is slated after chargingl(¢redilingl'. Fees payable for the audit of the charity's financial statements Depreciation of owned tangible fixed assets 9,913 25 11 Trusteas None of the trustees lor any persons connected with them) reGeived any remuneration or benefits from the charity during the year. 12 Employee5 The average monthly number of employees during the year was.. 2025 Number 2024 Number 11 10 17-
CHESHIRE WEST VOLUNTARY ACTION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Employees (Continued) Employment costs 2025 2024 Wages and salaries Social security costs Other pension costs 287,591 20,588 23,091 238.043 17,758 20,382 331,270 276,183 There were no employees whose annual remuneration was mor8 than £60,000. Remunération of key management personnel The remuneration of key management personnel was as follows.. 202S 2024 Aggregate compensation 93,005 93,420 13 Gains and losses on investments Unrestricted Vnrestrlcted funds funds 2025 2024 Gainslllossesl arising on.. Revaluation of investments {1,997) 3,558 14 Taxatlon The charity is exempl from laxalion on its activities because all its income is applied for charitable purposes. 15 Tangible fixed assets Flxtur•s and littings Comput•rn Total Cost Al 1 April 2024 Disposals Depreciation and impaimient Al 1 April 2024 Depreciation charged in the year Eliminated in respect of disposals Carrying amount At 31 March 2025 54 1541 461 {4611 515 (5151 51 439 22 (4611 490 25 15151 (541 At 31 March 2024 22 25 18-
CHESHIRE WEST VOLUNTARY ACTION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 Fixed asset investments Listsd investments Cost or valuation Al 1 April 2024 Valuation changes 42,866 11,9971 At 31 March 2025 40,869 Carrying amount Al 31 March 2025 40.869 At 31 March 2024 42.866 17 Debtors 2025 2024 Amount8 falling due withln one year: Trade debtors Prepayments and accrued income 82,902 55,939 72,969 138.841 72,969 18 Creditors: amounts falling due within one year 2026 2024 Notes Other taxation and social security Deferred income Trade ¢reditors Other creditors Accruals 6,461 65,967 58 54,121 11,389 2,426 19 6,731 3,794 3,600 137,996 16,551 19 Deferred income 2025 2024 Other deferred income 65.967 Deferred income is included in the financial Statements as follows.. 19-
CHESHIRE WEST VOLUNTARY ACTION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 19 Deferred income (Continued) 2025 2024 Deferred income is included within.. Current liabilities 65,967 Movements in the year: Deferred income at 1 April 2024 Resources deferred in the year 65,967 Deferred incom8 at 31 March 2025 65,967 20 Retlrament benafit schemes 2025 2024 Dèflnad contrlbutlon schemes Charge to profit or loss in r8specl of defined contribution schemes 23.091 20.382 The charity operates a defined contribution pension scheme for all qualifying employees. The assets of th@ schem8 are held separately from thos8 of the charity in an independently administered fund. -20-
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CHESHIRE WEST VOLUNTARY ACTION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 22 Unrestricted funds The Ljnrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject 10 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 Aprll 2024 Incoming resources Resources expended Transfers Gains and At 31 March losses 2025 Gèneral funds 281.957 173,203 1220,8601 44,165 {1,997) 276.468 Pr9vious year: At 1 April 2023 Incoming resources Resources expended Transfers Gains and At 31 March losses 2024 General funds 187,357 530,034 1511,3731 72,381 3,558 281,957 23 Analysls of net assets between funds Unrestricted funds 2026 Restrictad funds 2025 Total 2025 At 31 March 2025: Investments Current asselsl{liabilitl8s) 40,869 235,599 40,869 249,466 13,867 276,468 13,867 290,335 Unrestricted funds 2024 Restricted funds 2024 Total 2024 At 31 March 2024: Tangible assets Investments Current assels/{liabililies) 25 42,866 239,066 25 42,866 264,040 24,974 281,957 24,974 306,931 24 Related party transactions There were no disclosable related party transactions during the year12024 - none)- -25-
CHESHIRE WEST VOLUNTARY ACTION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 25 Cash generated fromllabsorbed by) operations 202S 2024 IDeficitl/surplus for the year 116,596) 76,532 Adjustments for: Investment income recognised in statement of financial activities Fair value gains and losses on investments Depreciation and impairm8nt of tangible fixed assets (1 ,857) 1,997 25 (9441 13,558) Movements In worklng capltal: Ilncreasel in debtors Increasel{decreasé} in creditors Increase in deferred inwme 165,8721 55,478 65,967 125.2161 176,6931 Cash generated froml(absorbed by} operation3 39,142 129,8731 Per cash flow statement page 39,142 129,8731 26-