Community Voluntary Action Ledbury & District Report of the Trustees & Unaudited Financial Statements For the year ended 31st March 2024 Registered company number: 07265811 (England & Wales) Registered charity number 1137377
Community Voluntary Action Ledbury District For the year ended 31st March 2024 Contents Page Report of the Trustees Ito5 Independent Examiner's report 4t05 Statement of Financial Activities Balance Sheet Notes to Financial Statements 10-22 Detailed statement of Financial Activities 23-24
Community Voluntary Action Ledbury District For the year ended 31st March 2024 REPORT OF THE TRUSTEES The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The accounts have been prepared in accordance with the provisions applicable to the small companies regime and in accordance with FR5102 Statement of Recommended Practice (SORPI applicable to charities preparing their accounts in accordance with the Financial Reporting Standard (FRS} 102. References and administrative details Registered company number: 07265811 Registered charity number: 1137377 Reglstered office 4b Hill House Bye Street Ledbury HR82AA Trustees The following Directors and Trustees served during the year: Jane Salt {Chair) John Tallis (Treasurer) Graham Every Sue Millington-jones David Elliston Bryan Spencer Heather Coppock Independent Examiner Luke Keegan Chartered Management Accountant IA The Homend Ledbury Page I
Community Voluntary Action Ledbury District For the year ended 31st March 2024 REPORT OF THE TRUSTEES (CONT) OBJEcfivES The principal objectives for the company in the period under review were to promote any charitable purposes for the benefit of the community of Ledbury and surroundin8 parishes; and in particular the advancement of education , the protection of health and relief of poverty distress and sickness. Our current objectives are to: l) Facilitate access to healthcare for those who have difficulty getting around 2) Support independent living for the elderly and disabled 3) Reduce loneline55 un the elderly 4) Reduce rural isolation 5) Promote wellbein8 in later life through volunteering IMPAcf REPORT Facllltatlng access to healthcare Community Voluntary Action Ledbury & District (CVALD) runs the Ring & Ride volunteer car service for Ledbury and its surrounding villages. The service provides transport to people who do not have access to a car and cannot Use public tran5POrt. In total, in 23- 24, the service made 4,418 journeys, a 17% increase on 22-23. The primary aim of the service is to help those that struggle with transport to 8et to medical appointments. In 23-24 the service took 345 people to 2,240 medical appointments, this compares to 306 people to 1,800 appointments in 22-23. SupportSn8 Independent Llvlng The charity provides a number of services aimed at helping the elderly and other vulnerable and disabled people to continue living independent lives in their own homes. These include: Ring & Ride transport for shopping and other day to day necessities such as hairdressers. bank and Post Office. Durin8 the year we took 68 people on 505 shopping journeys. We also took 38 people to 294 hairdressing appointments. • Delivering food parcels to users of Ledbury Foodbank. We delivered 65 food parcels to 23 users in Ledbury . Reduclng lonellness We know that 73% of our users are over the age of 75 and 65Yo live alone. We run a programme of minibus day-trips, pub lunches and other eventa designed to provide an easy way for our members to get out of the house and socialise. During the year we ran 53 day trips, 24 pub lunches and 15 shopping trips. We also ran our first overnight-stay minibreak, which proved very popular. In total, 114 users went on one or more of these trips. Page 2
Community Voluntary Action Ledbury District For the year ended 31st March 2024 REPORT OF THE TRUSTEES (CONT) Combating rural isolation Twenty-five percent (120) of our registered members live in small villages and hamlets between two and eight miles outside of Ledbury and do not have access to a car. These villages have few amenities and very limited public transport. The Ring & Ride seplice, provide these people with an affordable and flexible transport option. We also run a weekly Community Bus serving a isolated Park Home retirement village. Promotlng wellbelng In later Ilfe through volunteering During 23-24 CVALD'S sep4ices were delivered by 66 volunteers, 64 of whom are retired. In total, we estimate that these volunteers completed over 7,600 hours of service durin8 the year. The Trustees extend their thanks to all the volunteers who Fundralslng During the year we received donations and grants from the following organisations whose invaluable support we gratefully acknowledge: 29th May 1961 Charitable Trust Albert Hunt Charitable Trust A N McKechnie Foundation Blakemore Foundation Edward Gostling Foundtion Eveson Trust Herefordshire Council Ledbury Town Council Mccarthy Stone Foundation Robert McAlpine Foundation Staff The Trustees would like to express their appreciation for the efforts of the staff team, who performed extremely well during a busy year. Page 3
Community Voluntary Action Ledbury District For the year ended 31st March 2024 DECLARATIONS The company has taken advantage of the small companies exemption in preparing the report above. The trustees declare that they have approved the Trustees, Report {including Directorfs report) above. Jane Salt (Chair) John Tallis (Treasurer) Date 21,,1 Date Page 5
Community Voluntary Action Ledbury District For the year ended 31st March 2024 REPORT OF THE TRUSTEES {CONT) FINANCIAL REPORT For the year 23-24 the charity made a surplus of £7,3931£24,170 in 22-23). Income The total income for 2023-24 was £232,548 a reduction of £8,460 on 22-23. While income from charitable activities increased by £17,859 this was offset by a decrease of £28,700 in grants and donations. Expenditure Total expenditure was £225,155 {£216.838 in 2022-23), an increase of £13,303. This was primarily due to increases in: volunteer driver expenses, in proportion to the increase in number of journeys); staff wages to address the increase in the cost of living. Reserves It is the policy of the trustees to maintain reserves as follows: Restricted funds These are funds ring-fenced by funders for specific project51purposes and cannot be used for other purposes. At year end these restricted funds amounted to £62,934 Unrestricted funds Unrestricted reserves are held for financing the future operation of the charity. These reserves are divided into designated reserves and the general fund. Designated Fund It is the policy of the Trustees to maintain sufficient designated reserves to cover all liabilities in the event the charity is wound up. At the end of the year the designated fund stood at £62,376. General Fund. It is the policy of the of the Trustees to main sufficient general, unrestricted reserves to cover three months of expenditure, estimated £52,OLK). At year end, the general fund stands at £84,461 (£88,623 in 2022-23), bringing the total unrestricted reserves to £146,838 {£134,842 in 2022-231. Going concern The trustees have considered the financial position of the charity and concluded it is a going concern, remains solvent and is able to fulfil its financial commitments. Inductlon of new trustees On appointment the trustees receive a copy of the governing documents and Charity Commission documents regarding trusteeship. New trustees are briefed on the history, background and work of the charity. Page 4
Community Voluntary Action Ledbury District For the year ended 31st March 2024 Independent Examinerfs Report to the trustees of Community Voluntary Action Ledbury and District Limited I report on the accounts for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet and the related notes. The charity's Trustees (who are also the Directors for the purposes of company law) are responsible for the preparation of the accounts. The charity's Trustees consider that an audit is not required for this year (under Section 144121 of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required, Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to: examine the accounts under Section 145 of the 2011 Act to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145{5)(b) of the 2011 Act); and - to state whether particular matters have come to my attention. Basis of the independent examiner's report My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view and the report is limited to those matters set out in the statements below. Independent examiner's statement In connection with my examination, no matter has come to my attention: 11) which gives me reasonable cause to believe that, in any material respect, the requirements to: i) keep accounting records in accordance with Section 386 and 387 of the Companies Act 2006, and ii) prepare accounts which accord with the accounting records, comply with the accounting principles of the Statement of Recommended Practice: Accounting and Reporting by Charities, have not been met (cont) Page 6
Community Voluntary Action Ledbury District For the year ended 31st March 2024 Independent examiner's statement (cont) (2) to which. in my opinion, attention should be drawn in order to enable a proper understanding of the accounts be reached. 2.J J.l_L 2oZ Luke Keegan, Chartered Management Accountant IA The Homend Ledbury Herefordshire, HR8 IBN Page 7
Community Voluntary Action Ledbury District For the year ended 31st March 2024 Statement of Financial Activities (including summary income and expenditure account) Recommended categories by artivity Unrestricted funds Restrirted funds 2024 2023 Notes INCOME Donations and legacies Charitable activities Other trading activities Investments 61,557 35,195 85,562 96,752 85,562 47,635 2,600 125,453 67,703 47,070 783 47,635 2,600 Separate material item of income Other Total 111,791 120,757 232,548 241,008 EXPENDITURE Raising Funds Charitable activities Other trading activities Management, adminstration 6,468 6,468 125,359 43,651 49,678 5,509 114,451 51,461 45,417 125,359 43,651 49,678 Total 99,797 125,359 225,155 216.838 Transfers between funds Net movement in funds 11,994 14,6011 7,393 24,170 Reconciliation of funds Total funds brought forward 134,844 67,535 202,379 178,208 Total Funds caried forward 146,838 62,934 209,772 202,378 Page 8
Community Voluntary Action Ledbury District For the year ended 31st March 2024 BALANCE SHEEr Unrestrirted funds Notes Restricted funds 2024 2023 Flxed Assets Tangible assets 516 36,115 36,631 48,510 Total Flxed Assets 516 36,115 36,631 48,510 Current Assets Debtors 5,698 150,212 5,938 26,245 11,636 176,457 12,061 153,249 Cash at bank and in hand Total Current Assets 155,910 32,183 188,093 165,310 Creditors amounts falling due within one year 10 {9,588) (5,365) (14,953) (11,441) Net Current assets/{Llabllitie5) 146.322 26.818 173,140 153,869 Total assets less current liabilities 146.838 62,934 209.772 202,379 Funds of the Charlty Restricted income funds Unrestricted funds Total funds 12.2 12.1 62,934 62,934 146,838 209,772 67,535 134,844 202,379 146,838 146.838 62,934 Jane Salt Chair of Trustees John Tallis Treasurer Date ( (o{£ Date 110 I Page 9
Community Voluntary Action Ledbury District For the year ended 31st March 2024 The company was entitled to exemption from audit under $477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP. Signed by John Tallis Treasurer Ilio{L Page 10
Community Voluntary Action Ledbury District For the year ended 31st March 2024 NOTES TO FINANCIAL STATEMENTS Note l Basls of preparation 1.1 Basis of accounting These accounts have been prepared under the historical cost convention with items reconised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with the Statamement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard appicable in the UK and Republic of Ireland {FRS 1021 issued on 16 July 2014 and with the Financial Reporting Standard applicablle in the United Kingdom and Republic of Ireland (FRS102) and with the Charities Act 2011. Note 2 Accounting policies 2.1 Income Recognition of Income Offsetting There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. Grants and donations Grants and donations are only included in the SOFA when the general income recognition criteria are met {5.10 to 5.12 FRS102 SORP).In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or service5 as entitlement to the grant only occurs when the performance related conditions are met (5.16 FRS 102 SORP). Legacies Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the of the charity or have been met. Government grants The charity has received government grants in the reporting period Page 11
Community Voluntary Action Ledbury District For the year ended 31st March 2024 Tax reclaims on donatlons Gift Aid receivable is included in income when there is a valid and gifts declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. Contrartual income and This is only included in the SOFA once the charity has provided the performance related grant5 related goods or services or met the performance related conditions. Donated goods Donated goods are measured at fair value (the amount for which the asset could exchanged) unless impractical to do so. The cost of any stock of goods donated for distribution to beneficiaries is deemed to be fair value of those gifts at the time of their receipt and they are recognised on receipt. In the reportin8 Donated goods for resale are measured at fair value on initial recognition, which is the expected proceeds from sale less the expected costs of sale, and recognised in 'lncome from other trading activities, with the corresponding stock recognised in the balance sheet. On its sale. the value of the stock is charged against income from other trading activities" Good5 donated for on-going use by the charity are recognised as tangible fixed assets and included in the SOFA as incoming resources when receivable. Gifts in kind for use by the charity are included in the SOFA as income from donations when receivable. Donated services and facilities Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA SUPPOrt costs The charity has incurred expenditure on support costs. Volunteer help The value of any voluntary help received is not included in the accounts but is described in the trustees, annual report. Page 12
Community Voluntary Action Ledbury District For the year ended 31st March 2024 Income from interest, royalties and dividends This is included in the accounts when receipt is probable and the amount receivable can be measured reliably. Income from membership subscriptions Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies. Membership subscriptions which gives a member the right to buy Services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities. Settlement of insurance claims Insurance claims are only included in the SOFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income in the SOFA. Investment gains and losses This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. 2.2 Expenditure and Llabillties Liability recognition Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pav out resources and the amount of the obligation can be measured with reasonable certainty. Governance and support costs Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. Grants with performance conditions Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output. Page 13
Community Voluntary Action Ledbury District For the year ended 31st March 2024 Grants payable wlthout performance conditions Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised. Redundancy cost The charity made no redundancy payments during the reporting period. Deferred Income There was deferred income due to trips being prepaid Creditors The charity has creditors which are measured at settlement amounts less any trade discounts Provisions for1Sabilities A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date Basic financial Instruments The charity accounts for basic financial instruments on initial recognition as per paragraph 10.7 FRS102 50RP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP. 2.3 Assets Tangible fixed assets for use These are capitalised if they can be used for more than one year, by charity and cost at least £IOO.00. They are valued at cost. The depreciation methods used are disclosed in Note 7. Investments Fixed asset investment5 in quoted shares, traded bonds and similar investment5 are valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of less than l year are treated as current asset investments Stocks and work in progress Stocks held for sale as part of non-charitable trade are measured at the lower of cost or net realisable value. Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock. Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract. Page 14
Community Voluntary Action Ledbury District For the year ended 31st March 2024 Debtors Debtors (including trade debtors and loan5 receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received. Current asset investments The charity has investments which it holds for resale or pending their sale and cash and cash equivalents with a maturity date less than one year. These include cash on deposit and cash equivalents with a maturity 15
Community Voluntary Action Ledbury District For the year ended 31st March 2024 Note 3 Income Unrestricted Funds Restricted Funds 2024 2023 Donations and grants Donations and gifts 51,557 3,500 55,057 86,295 Grants from government 10,000 31,695 41,695 39,157 Total 61,557 35,195 96,752 125,453 Charitable Actvities Membership Fees Ring & Ride Trip fees Community transport fees Fundraising activities Total 5,898 48,630 31,034 5,898 48,630 31,034 4,957 41,394 21,351 85.562 85,562 67,703 Trading activities School transport Other Total 47,635 47,635 47,070 47,635 47,635 47,070 Income from investments Bank Interest 2,600 2,600 783 Total Income 111,791 120,757 232,548 241,008 Page 16
Community Voluntary Action Ledbury District For the year ended 31st March 2024 Note 4 Expenditure Analysis of Expenditure Unrestricted funds Restricted funds 2024 2023 Expenditure on raising funds Incurred seeking donations 6,468 6,468 5,509 Total expenduture on raising funds 6,468 6,468 5,509 Expendlture on charitable activities Ring & Ride Community Transport Other Charitable activities 84,774 84,774 73,897 40,584 40,584 23,846 16,707 Total expenditure on charitable artivities 125,359 125,359 97,743 Other trading activities Expenditure on school Contracts 43,651 43,651 51,461 Other Management/administration 49.678 49,678 45,417 Total Expenditure 99,797 125.359 225,155 216,838 Note 5 Staff Cost 2024 2023 Wages & Salaries Ilnc NI) Pension costs Total 120,030 2,092 122,122 110,477 1,757 112,234 The charity considers its key management personnel comprised the General Manager and the Finance Officer. The total employment benefit5 including employer pension contributions of the key management personnel were £57,675 (2023 £52,042) 2024 2023 Charitable activities Management/administration Other tradin8 activities No employees received emoluments in excess of £60,000 Page 17
Community Voluntary Action Ledbury District For the year ended 31st March 2024 Note 6 Details of certain type5 of expenditure 2024 2023 Independent examiners fee Advisory fees Legal Fees 528 480 119 Note 7 Tangible Fixed assets Plant & Fixtures & machinery fittings Motor Vehicles Computer equipment Total 7.1 Cost or valuation As at 1st April 2023 Additions Disposals As at 31st March 2024 1,612 196,804 385 10,647 149 209,063 534 1,612 197,189 10,796 209,597 7.2 Depreciation & impalrments As at 1st April 2023 Depreciation 23-24 Depreciation disposals As at 31st March 2024 990 172 149,225 11,848 10,337 393 160,552 12,413 1,162 161,074 10,730 172,966 Net book value As at 31st March 2023 As at 31st March 2024 622 450 47,579 36,115 309 66 48,510 36,631 Basis for depreciation Motor vehicles Plant & machinery Computer equipment 25Yo reducing balance 10% straight line 33Yo Straight line Page 18
Community Voluntary Action Ledbury District For the year ended 31st March 2024 Note 8 Debtors and prepayments 8.1 Analysls of debtors 2024 2023 Trade debtors Prepayments and accrued income Bad debt provision Other debtors Total 11,719 12,069 70 61 11,719 12,061 Note 9 Cash at bank and in hand Short term deposits Cash at bank and on hand Amounts released to income from previous periods Balance at 31st March 2023 176,457 153,249 176,457 153,249 Note 10 Credltors and accruals Amounts falling due within one year 2024 2023 Amounts falling due after more than l year 2024 2023 Bank loans and overdrafts Trade creditors Other creditors Taxation and social security VAT Pension contributions Accruals Deferred income Total 5,365 197 3,548 2,392 2,971 480 6,859 16 3,449 456 480 181 11,441 14,953 Note 11: Deferred Income 2024 181 2023 185 181 11851 181 Balance at at the start of the reporting period Amounts added in current period Amounts released to income from previous period Balance at at the end of the reporting period (181) Page 19
Community Voluntary Action Ledbury District For the year ended 31st March 2024 Note 12 Charity funds 12.1 Details of materlal funds held and movements during the period 31.03.23 Movement Movement in out Transfer between fvnd5 31.03.24 Unrestricted General fund Designated fund 88,623 46,220 134,843 111,791 (99,797) (16,156) 16,156 84,461 62,376 146,838 111,791 199,7971 Restrirted Ring & Ride Ring & Ride vehicle Community Transport DOT grant Herefordshire Community Foundation Hereford Council Refugee Transport grant Mccarthy stone Grant 5,954 4,586 28,566 20,800 85,635 183,6281 {1.147) {35,670) {4,914} 3,383 11,344 3,439 26,650 15,886 31,622 2,133 881 881 6,748 {2,0161 4,732 3,500 120,757 13,500> 67.535 (125,359) 62,934 202,378 232,548 (225,156) 209,772 Page 20
Community Voluntary Action Ledbury District For the year ended 31st March 2024 12.2 Details of material funds held and movements during the previous reporting period 31.03.22 Movement Movement Transfer in out between funds 31.03.23 Unrestricted General Fund Designated Fund 65,400 47,452 112,852 124,378 {102,387) 1,232 11,2321 88,623 46,220 134,843 124,378 1102,387) Restrirted Ring & Ride Ring & Ride Vehicle Community Transport DOT Mnibus grant Herefordshire Community Foundation National Lottery Herefordshire Council Refugee Grant 1,283 6,115 30,868 26,209 78,316 (73,897) {1,529) 123,846) (5,4091 252 5,954 4,586 28,566 20,800 21,544 881 881 9,770 {9,7701 7,000 (252) 6,748 65,356 116,630 (114,451) 67,535 178,208 241,008 (216,838) 202,378 Page 21
Community Voluntary Action Ledbury District For the year ended 31st March 2024 12.3 Designated funds Purpose of designation Winding up costs Satutory redundancy & notice Two months wages Lease Legal fees Creditors Total Amount 20,619 18,186 22,(M) 1,000 571 62,376 Note 13 Transactions with trustees and related partie5 13.1 Trustee remuneration Two trustees were employed as temporary, part-time minibus drivers to cover for two periods of absence of one of the paid minibus drivers Trustees employed as temporary, part-time minibus drivers 2024 63 127 190 2023 1,197 423 1,620 G Every J Tallis Total 13.2 Trustees. mileage expenses Five Trustees were paid mileage expenses as volunteer drivers 2024 2023 Volunteer driver mileage Number of trustees paid 5,502 3,543 13.3 Transaction wth related parties Note 14 Members, guarantee The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of it winding up, such an amount as may be required, not exceeding £10.00. Note 15 Company details Community Voluntary Action Ledbury & District, is a private company limited by guarantee, incorporated in England & Wales, registered no. 07265811. The registered address is 4b Hill House, Bye Street, Ledbury, Herefordshire HR8 2AA. Page 22
Community Voluntary Action Ledbury District For the year ended 31st March 2024 Detailed statement of financlal actlvities Recommended categories by activities Unrestricted funds Restricted funds 2024 2023 INCOME Donations and grants Donations Grants 51,557 10,000 61,557 3.500 31,695 35,195 55,057 41.695 96,752 93,295 32,157 125.452 Investment income 8ank Interest 2,600 783 Charitable Activtles Ring & Ride Community Transport Fundraising activitie5 54.528 31,034 54,528 31,034 46,159 21,544 85,562 85,562 67,703 Other activities School transport Other income 47,635 47,635 47,070 47,635 47,635 47,070 Total incoming resources 111,791 120,757 232,548 241,008 EXPENDITURE Raising funds Wages Pensions Postage and stationery 6.162 150 156 6,468 6,162 150 156 6,468 5,228 124 157 5,509 Charitable and Trading Activities Wages Pensions Rates and water Insurance Light and Heat Advertising Training and workshops Rent Motor and travel Day trip costs Subscriptions DBS checks Computer system Health and safety R&R driver payments Premises expense5 Bad debts Vehicles depreciation 25,430 214 281 383 399 44,478 854 343 766 488 1,269 1,719 6,177 9,982 6,701 69,908 1,068 623 1,149 887 1,269 1,719 11,230 20,787 6,701 68,885 848 426 1,025 917 1,837 118 10.038 25,348 2.293 120 217 2,262 201 34,541 5.054 10,805 249 1,170 249 1,170 249 40,663 58 47 11,848 169,626 249 40,663 13 44 47 6,454 49,360 70 15,798 166,387 5,395 120,266 Page 23
Community Voluntary Action Ledbury District For the year ended 31st March 2024 Detailed statement of financial activities (cont.) Recommended categories by artivities Unrestricted funds Restricted funds 2024 2023 Support Costs / Overheads allocation Wages Pensions Telephone/internet Postage and stationery Sundries Computer system Subscriptions Welfare/refreshments Cleaning Travel Bank charges Recruitment expenses Consultancy fees Office Equipment depreciation Exceptional items 39,124 874 386 108 39,124 874 772 3,079 67 1,170 310 679 65 75 1,429 36,364 785 652 2,904 135 227 386 2,970 66 1,170 310 572 29 75 184 35 919 83 217 1,306 84 154 538 107 35 1,245 35 282 35 565 282 43,151 5,092 48,243 44,402 Governance costs Accountancy Fees Examination Fees AGM expenses Legal Fees 300 300 480 39 480 480 59 39 819 819 539 Total resources expended 99,797 125,359 225,155 216,838 Net Income/Expenditure 11,994 14,601) 7,393 24.170 Page 24