Financial Statements For The Period 1 April 2023 to 31 March 2024 For The Venture (Wrexham) Limited Registered Charity Number 1153454 Registered Company Number 08011966
The Venture IWREXHAM) LIMITED Contents of the Flnanclal Statements for the Perlod Ended 31 March 2024 Page Trustee Report Report of the Independent Examlners Statement of Flnanclal Actlvltles Balance Sheet Notes lo the Flnancl81 Statements 10
The Venture {Wrexham) Limited Trustees, Report for the year ended 31st MarGh 2024 The Trustee8 who are also the directors of the charity for the purpose of Companies Act 2006, present their report with the financial statements of the charity for the year ended 31. March 2024. The Trustees have adopted the provi8ions of the Statement of Recommended Practice (SORP) 'Accountlng and Reporting by Charities, issued in March 2005. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Charlty Number 1153454 Reglstered Company Number 08011966 (England and Wales) Trustees and dlrectors for Aprll 2023 12024 Mrs S Nantcurvis M8 J Growcott Mr. P Flrth Mr. M Kuiper Ms J Alton Ms N Rose Mlss S Groom Chair (Resigned 21110124) (Resigned 16108123) Chlef Offlcer Malcolm King OBE Secretary Patrons Lesley Grlfflths MS Keith Towler Reglstered Offlce The Venture (Wrexham) Limited Garner Road Wrexham LL13 8SF Independent examlner Joanne Evans FCCA ACA M D Coxey & Co., 25 Grosvenor Road, Wrexham, LL11 1BT Banker8 HSBC, 17-19 Regent Street, Wrexham, LL111 RY Sollcltors Allington Hughes, 10 Grosvenor Road, Wrexham, LL111SD
STRUCTURE, GOVERNANCE AND MANAGEnfiENT Governing document The Venture is a charitable company and is controlled by its own governing documents a) the Venture's constitution as registered with the Charity Commission (and since 2012 known as The Venture (Wrexham) Limited), b) the organisation's other governing instrument is contained within the Memorandum and Articles of AssoGiation a8 registered with Companies House. Recrultment and appolntment of new Trustees There hav8 been 6 Trustees throughout the period. New appointments are by election by the Trustees. Inductlon and tralnlng of new Trustees New trustees are given, In the view of the board, sufficlent informatlon and enough knowledge of thelr specific field to understand the nature of the charity and fully support the charlty's current vlew8 of its progresslon. Organlsatlonal structure & Management In 2011- 2012 the Venture converted from being a 'Gonventional' charity lo a Company Llmlted by Guarantee, reglstered at Companles House and later to Charitable Company, reglstered with the Charities Commisslon. The organlsatlon is led by Directors who are appointed by its member8. During much of 2023124 there were e director8, led by the Chair Janet Growcott, former manager of Wrexham's multl agency Communlty Safety team. The Dlrectors nonnally meet on a quarterly basls. The Venture's management Is led by Malcolm King OBE who18 the Chlef Offlcer and one of the orlginal founders. Wlder network Whllsl the Venture is a 8tand-alone Independent organisallon, It Is a member of several natlonal and local bodies, Includlng Play Wales, Children in Wale8, and the A880¢iation of Voluntary Organisations In Wrexham (AVOW which is the local Voluntary S6rvic88 Council. Related Partles The Venture ha8 a partlcularly close worklng relatlonship with Caia Park Partnership, Gwenfro Valley Integrated Children's Centra, Caia Park Community Council, Rhosnesni High School, H8fod Y Wern Prlmary School, Wrexham Council'8 Houslng Department, Wrexham Council's Together Achieving Change (TAC) team and North Wales Pollce. Rlsk Management The Trustees eX8rci8e their duty to Identify and review the rtsks to whlch the charity Is exposed by producing a rlsk register whlch ensures that appropriate controls are in place to provlda reasonable assurance that rfsks are mlnlmlsed or mitigated. Publlc Beneflt The Trustees have glven due regard to their duty to maintaln the Venture's activities in accordance with the Charity Commission's guidance on public benefit. The Ventur8'S three core services are the Adventure Playground, Early Years Centre and the Venture Alternative Learning project. Beeen them they are open 6 days week and provide essential early years, play, youth work and educational s@rvices to one of the poorest areas in Wales. These are augmented by a range of other projects and services covering the fields of educatlon and training, health, community development and parent support, all of which fulfil the objects of the charity.
Public Benefit (continued) An important addition has been the development of a major Lottery funded mental health project for young people across North Wales with 15 statutory and third sector partners, and the Venture as lead organisation OBJECTIVES AND ACTIVITIES Objactlves The objectives of the Venture are set out in the Venture's constitution and registered with the Charity Commission. They are., To act as a resource for young people up to the age of 25 Ilving in Wrexham and the surrounding area (the 'area of benefit,) by providing advice and assistance and organislng programs of physical, educational and other activitie8 as a means of: (a) providlng recreatlon, play and18isuro tlrne activities in the interests of soclal welfare for people living in the area of benefrt who have need by reason of their youth, age, Infirmity or disability, poverty or social and economlc clrcumstances with view to Improvlng the conditions of life of such persons. (b} advancing In life and helping young people by developing their skills. capacities and capabllitles to enable them to partlclpate in soclety as indep8nd8nt, mature and responslble Indlvlduals; (c) advancing educatlon Actlvltles The Venture h88 continued to run a very wlde range of activltle8 as usual, which has been axtended even further, All have been well attended, In particular our longest established activitles - the Early Years centre, adventure playground and th8 Venture Altern8tive Learning (VAL) project. Sadly, 211 our activitles have been slgniflcantly Influenced still by the after effects of the Covld pandemic and now the cost-of-living crisls. The hope that the difficulties inflicted by the pand8mlc would quickly recede are proving to be unrealistlc, with a growing natlonwide reallsation that all sorts of developmental harms have occurred that wlll take years to overcome for many chlldren, 8ffectlng, for Instance, emotional development, educatlonal attalnment and family resllience. The cost-of-livlng crisls has also Impacted mllllons of families across the UK. Cala Park already had by far the highest levels of child poverty in Wales, exacerbated by being by far the largest Councll housing estatg in Wales. With many more families 8truggllng to Survlve, the Venture'8 efforts have increaslngly focused on supporting familles In need, in a v8riety of ways, particularly those most at rlsk of golng Into care. As well a8 contlnulng our long-established holiday hunger project, we have Installed commerclal standard kitchen that now provides free hot nutritious meals after school to every child who attends the open access adventure playground sesslon8. The VAL proJect has also successfully expanded to Include more, moslly small groups of students from local schools and special unit8, who had been struggling to maintain their involvement in education, The Venture was also appolnted as the Lead organlsation of a 17-member Partnership developing mental health provlsion for young people aged 11-24 across North East Wales, funded by the National Lottery for 5 years. The home education sessions and the Play Inclusion Projects (PIP) for children and young people with neurodivergent conditlons have also remained popular and well attended. ACHIEVEMENT AND PERFORMANCE Charitable activltles The Venture's achievements and performance, as set out in the Chief Officer8 reports, have covered a very wide area of work.
Charitable activities (continued Despite continuing to face very challenging circumstanGes, the achievements and performan of the Venture have been impressive. Financial Revlew There continued to be financial challenges securing funding throughout 2023-24 along with supporting increasing number of children attending all the provislons. The Venture received continued cor8 funding from Henry Smith Charity along with the early years Flylng Start provision, our Venture Alternative Learning project had continued support from Morgan Foundation. The Waterloo Foundation, The Moondance Foundation and Thomas Howells Foundation8. With the extra funding and support rece5ved for the Venture provided a full programme of activities throughout the year and wa8 able to malntaln our reserves. The National Lottery funding for the mental health project, cost of Ilving support for the food programme and famlly support and the PIP projects have provided vital additional support. Re8erves Pollcy Whilst the level of reserves reduced minimally by les8 than 1A % overspend, the Charlty's aim of achleving and malntalnlng sufficlent reserves to cover at least 3 months operational expendlture was not achieved durlng 2023124 because the size of the Venture's budget Increased 8lgnlflcantly as a result of the additlonal Loltery funding Rlsk Revlew The trustees have considered throughout the year the r18k8 a380ciated with the charlty's work and the achlevement of Ils objectlves. They have taken actlon to mlnlmlse rlsk8 wherever po88ible, given the difficult environment in which the charity ha8 operated. Prlnclple fundlng sources The principal funding source8 for the Venture in 2022123 were Flying Start (WG), Henry Smith Charity, The Waterloo Foundatlon, The MoondanGg Foundation, Cala Park Community Councll, Welsh Government Play Grant, Lottery Community Fund, Lottery People & Places, Wrexham County Borough Councll (WG) Future Development8 a) Flnanclal The effects of the UK Government'8 Cuts in Public Spending overthe last 12 year8 continue to have 8 negative effect on the work of the Venture. More children and famllles In Cai8 Park are sufferlng deeper levels of poverty each year and more of the services they need are also decreasing each year. Each of our Statutory partners in Health, Police, Social Servlces and Educatlon have continued to reduce their servlces, which had also been severely restricted as a result of the pandemic. With the Venture's overall income reduced by almost 300/0 as compared to the level 12+ years ago, It has been Increasingly difficult to maintaln the same level of service as previously, We are also concerned that the current generosity of various funders, especially centrall local government one8 will eventually dry up and we need to prepare as best as possible for that eventuality.
Statement of Trustees Responsibllities The Trustees (who are also the directors of The Venture {Wrexham) Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Pfactic&). 'Company law requires the Trustees to prepare financial statements for each flnancial year which give a true and fair view of the state of affairs of the charitable company and of its Incomlng resources and applicatlon of resources, including the income and expendlture for the charitable company for the financial year. In doing so, the trustees are requlred to: select suitable accounting policies and then apply them consistently. makejudgm8nts and estimates that are reasonable and prudent, state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departure8 dlsclosed and explalned in the financlal statements prepare the financlal statementg on the golng concern ba818 unless It Is inappropriate to presume that the charity will continue in operation. The Trustees ar8 responslble for maintalnlng proper accounting record8 whlch disclose with reasonable accuracy at any time thg financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companles Act 2006. They are also responsible for safeguarding the 88sets of the charity and h8nce for taklng reasonabl8 Steps for the prevention and detection of fraud and oth8r Irregularltles. In so far as the trustees are aware.. there Is no relevant audlt Inforniatlon of which the charitable cornpany's auditors are unaware,. and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to estab118h that the auditors are aware of the information. The Director's report is prepared in accordance with specific provisions of the Companles Act relating to sm811 companles. This report has been prepared in accordance with the provislons applicable to companle8 entitled to the small companies, exemption. ON BEHALF OF THE TRUSTEES S Nanlcuivls - Director Date:
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE VENTURE WREXHAM LIMITED Independent examiner's report to the trustees of The Venture {Wrexham) Limited I'the Company.) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st March 2024, which are set out on pages 8 to 17. Responsibilitle5 and bas18 of report As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requiremenls of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report In respect of my examination of your charity's aGcounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrylng out my examination I have followed the Dlrectlons glven by the Charity Commission under sectlon 145(5) (b) of the 2011 Act. Independent 8xamlner's 8tatemont Since the company's gross income exceeds £250,000 your axamlner must be a member of a body Ilsted in sectlon 145 of the 2022 Act. l Confirm that l am qualified to undertake the examination because l am a member of the ACCA, and 8 member of the ICAEW which are one of the listed bodies. I have completed my examlnatlon. I confirm that no matters hav6 come to my attention In connection with th8 examination glvlng me Gause to believe.. accountlng records were not kept in respect of the Company as required by section 386 of the 2006 Act. or the accounts do not accord wlth those records; or the accounts do not comply with the accounting requlrements of sectlon 396 of the 2008 Act other than any requlrement that the account8 give a true and falr view which18 not a matler considered a8 part of an independent examination; or the accounts have not been prepared in accordance with the method8 and principles of the Statement of Recommended Practlce for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Flnancial Reporting Standard appllcable In the UK and Republlc of Ireland {FRS 102). I have no concerns and have come acro88 no other matters In connection with the exarnination to which attention should be drawn in this report In order to enable a proper understandlng of the accounts lo be reached Joanne Evans F.C.C.A. A.C.A M. D. Coxey and Co. Llmited Chartered Accountants 25 Grosvenor Road Wrexham LL11 18T Date 2024
THE VENTURE (WREXHAMI LIMITED Slaternonl of Ftnanclal AcUvltl81 Forthe Year Ended 31st M8Tch 202a INCOME AND EXPENDITURE Unrestrl¢ted lunfl R8Strlcted fund• 202312024 Total 2Q2212023 Totsl Notes INCOMING RESOURCES INCOME ENDOWMENTS FROM iknaUun8 and Leuad88 Ch8rtlabl8 grJMlleJ Other Inc(%n• 1,202 368.191 25.362 641.4B1 13, 541,461 13,964 Total Incom• R•4(*urrvJ 3.550 555.425 558,975 392,815 RESOURCES EXPENDED EXPENDITURE ON Charltabl• •ctlv1• Eervlcas Supwt Co8 Admlnl8trallc 9,783 378,562 23,711 58.789 3e8,345 23.711 58,769 292,960 19.938 64.668 Total R••ourcu U••d 461.041 470,824 367,564 NET INCOMEIOUTOOING RE80URCES Re8oLIRCES FOR THE YEAR 6,233 .383 88,161 25,251 Bdanc• brauqht fcwmrd l Aprl 2023 174.042 430,069 606,011 679.760 Tr8n5f8r fvnd Bdanc•• canl•d fmard 31 2024 605011 Th• rowlts thkn dèrfv• Irom eonunukng othrtlei •nd thor• hov• è•thry Tr) ylna or loojgj ther than Sho abov•.
THE VENTURE IWREXHAMI LIMITED Balanco Sheet At 31 March 2024 2023-24 Total nds 2022-23 Total fvnds Unreslrlcled funds Restrlcted funds Not•8 FIXED A8SETg TRngible Assel8 16 111,469 314,992 428,461 443,502 111.469 314,992 426,481 443,502 CURRENT ASSETS OeblDr¥ and prepaymonls Cash 81 Bank ind In hand 18 60,037 162,476 80,037 218,819 103,112 70,425 56,342 5e,342 222,513 278,856 173,537 CREDITORS Amoufils falllng due wlthln 1 year 17 12,163 12,153 12,028 NET CLIRRENT AS8gfsiLIABIUTIE8 58,342 210,360 268,702 181,509 NET ASSET8 187,811 525,362 693,163 605,011 FUNDS Unreslrlcled fijnds Restrlcled funds 18 18 167,811 525,352 174,042 430.889 893 183 605,011 For tha year 8ndlng 31gt M8tch 2024 thè compony w#• •nllll•d to •x•mpllon from ludil under sectlon 477 of Iha Compantes Ad 2 relallng to 8mAII oompanbg. Th8 members h8ve not roqulred the comp&ny lo oblaln an audlt ol Its financl&l ¥lalements for Ihg yoai gThJed 31¥1 March 2024 In scldn¢• th $•ctlon 478 of the Compan188 Act 2008. The Ifugts•8 acknowbdg• tholr m$pO1[11108 lor. (81 on5uring Ihgt the ch8rilable company keeps •GcounUng record8 th81 comply wlth Secllon 386 Bnd 387 of the Companle8 Ad 2006 ond Ibl prep8rfn9 flnanclal gtalernen15 whlch glve a Irue f8lr vlew ol thg $101& of affalrs of the charfrtabb comp8ny a$ al th8 end of each flnanc191 yeAr and of115 profll or1055 for 88cth flnandal year In accordun¢8 wlth the iequlr#mgnls of Soctlon 394 and 3gS and vthlch oth8Thvlse comply %57th the requlrem¢nl8 of Ihg Comp8nlag Act 2006 rolallng lo flnancl81 $tat8monl¥ so far 90 applkable lo tho chgrtlable wmpany. Theso 8xounlg have beon prepared In oceordan¢e with the provlslon8 appllcabl8 10 ts)mpanles subject to the Small compgnles rogln The financial 31alements were approved by the 8oard ofTrustg08 on and were Signed on 118 beh811 t*y'. S Nantcurvl$- DI or °JecoA Date
The Ventura (Wrexham) Ltd Notes to tho Flnanclal Statements for the Perlod End Year Ended 315t March 2024 ACCOUNTING POLICIES Basls ol prnparlng the flnanclal statements The flnanclal stotements of the charlty, which is 8 public benefit enttty, have been prepared in accordance wlth the Charities SORP (FRS 102) 'Accountlng and Reportlng by Charities.. Slalemenl of Recommended Pracllce applicable to charities preparing their accounts In accordance with the Flnancial Reporting Standard applicable in th6 UK and Republic of Ireland IFRS 102) issued on 16 Juty 2014, Financial Reportlng Standard 102 'The Flnanclal Reportlng Standard appllcable In the UK and Republlc of Ireland ' and the Companles Act 2006. Th8 Ilnanclal statements have been prepared under the hlslorical cost convention as modified by the revaluatlon of certaln assets. The charlty'8 pres8ntaUon81 currency18 pounds sterllng. Th8 ch8rfty18 a ¢harlt8bl8 company Ilmlted by guarantee, reglstered wlth the Charltles Commlsslon for England and Wales. Its prlnclpal 8ddr8s8 can be found on page 1, The tNste8s consldèr thal there are no materlal uncertalntles about th8 cherity's ablllty to contlnue as a golng concem, Incoma All Income is recogn5s8d In the Statement of Flnanclal Actlvltles when the charlty 1$ legally entltled to the Income and the amount can be quantlflad wlth reasonab18 accuracy. Th8 following spedflc policles apply by c8tsgorles of Income: Donatlons and legacie8 Includes Income fr(Kn other privata sources. Income from charltable actItIes. where related to performancg and sp8dflc deliverables, thls income is accounted for es th8 charlty earns the right lo the consideralon by its perfom7ance. Where Income Is recèlved in advance of It recognltlon It Is deferred end Included In creditors. Wher8 enlillement occurs before Income belng recelved , the Income IB accrued. Expendllure Expendlture Is aUnted for on an accruals b8sls and h83 been d888lfled under the hgadlngs that aggregate all cost re181ed lo the category. Where costs cannot be dlrectty attrlbuled lo parttcular h8adings they have been allocated to activlties on a basls conslstent wlth the use of r88ourc85. Overhead c0518 that Bre premises relat8d are allocated on a floor basls, staff Costs are allocated on an estimate of Ilme usage and other overheads have been 8llocatsd on the basls of the head count. Fundr81sing costs ar8 those incurred in seeklng voluntary contributions and do not include the costs of diss8mln8tlng Infom7atFon In support of the charitable activities. Govemance costs ar8 the costs assoclated wlth the govèrnance arrangements of the charlty which relate to the general runnlng of the charity 8s opposed to those costs associated with the fundraising or charitabl8 activity- Included wlthln thls category are osts assoc18ted wlth 8trateglc as opposed to day lo day managem6nt of the charlty's activities. Support costs, whlch Include the central or reglonal funcuons such as general managernent payroll, adminlslratlon. budgeting and accounting, Infomiallon technology, human resources and flnancing ar6 allocated across the categories of charitable expenditurg, govomance costs and the Gosts of gen&rating funds. The basis of the cost allocatlon has been explalned in th8 notes to the accounts.
The Venture <Wrexham) Ltd Notes to the Flnanclal Statements for the Parlod End Year Ended 3111 March 2024 Allocatlon and apportlonment of costs The trustees have allocated Ihe support cost8 on a headcounl and hours worked basls whlch Ihey deem to be most accurate Tanglble Ilxed a89Ots Tangibl& Fixed AsS8ts are stat8d In the Balancg Sh8et at cost less d8prgclatlon. Depreclatlon All assels c0511ng more than £100 are c8pltallzed. Depreclauon Is provlded al Ihe followlng annual rates In order to wrfte off each 8ssel over Its useful economlc Ilfe. Playground Buildings Fumllure and equlpment Contslners C8noes Motor Vehicle8 Comput8r Over the Ilfe of th8 le888 (er th8 Ilfe olthe lease On cost On co81 On cost On c081 On cosl 2Yo 15% 15Yo 20Vo Taxatlon Tho charlty18 8xempt from corporatlon tax on Ils charftable acllvltl85. Fund accountlng UnreBtrlcled fvnds can be used In 8ccordanc8 wlth the charft8bl8 objecttV08 81 the dlscr&lion of the trustees. Restrfcled funds can only be used for partlcular restrfGted purposes wllhln the obJeGt8 ol the charity. Re8trt¢tlons arise when 5peclfied by the funders. Govemment grants Government grants rec81v8d In r88pect of Capltal expenditure are credited to the profit and 1088 account for the perlod Ih8t the revenug and expendlture arlses. io
THE VENTURE (WREXHAM) LIMITED Notes to the Financial Statements- continued For the Period Ended 31st March 2024 202312024 2023124 2023124 Total 2022123 Uniestrlcted Restrlctsd Total INCOMING RESOURCES 1. Donations and legacies Donalions FundraisinglContributionlActivllles 3.550 3,550 937 325 1.262 3,550 3.550 2. Charitable Actlvltla8 Grants Lottery- MOF Flylng Start Lottery- People & Places WCVA Henry Smllh Lottery - PlPtYip Cala Park Communlty Councll WCBC- Play Weekendslholidays Waterloo Foundation WCBC -safer Streets WCBC- Home Educallon cwyvs WCBC- EOTAS WCBC - New Horizons Rhosnesnl Hlgh School WCBC- New Leaders WCBC - Clty of Culture Flylng Start - Addltlonal fundlng St Marks Church North Wales Pollce T8SCO WCBC - Youth Led Grant Betsl Cadwalllder Unlverslty Hospllal Henry Smlth AVOW - Food Inltlalive Welsh Gov8mm8nt WCBC- Summer of Fun WCBC- Youth Service Flying Start -Childare Grant AVOW- PIP Cala Park Community Coun¢ll Food Inillatlve Landfill Disposal Tax Grant WCBC - Consultation Assoclallon of Sclence & Dlscovery WCBC - Politlcs Project WCBC- FII & Fed 222,054 88,293 46.587 39.898 33.790 20,000 IT,122 12.C4XI 12.000 lo.0) 222,054 88.293 48,587 39,998 33.790 20.0 17.122 12,000 12,CQO 10,000 32,44e 79,341 12,225 ,712 9,999 18.624 12,ODJ 12.Tr)) 1,79e 7,500 5.800 4,473 3.055 7,5frJ 5,8C 4.473 3,055 2.719 3.000 2.164 1,225 750 375 275 3,0 2.164 1,225 750 375 275 4.795 32,OC 17.188 15,907 15,0 10,0 9,313 4,992 2,199 1.930 5CKI 355 150 386.191 541,4e1 S41.401 3. Other Income Roorn Hlre Sundry Wrexham Youth & Play Partnership HMRC 2.856 2.558 8.550 2,858 2.558 8,550 2.339 10.306 12,717 13.964 13,964 25,362 Total Income 3.550 555.425 558,975 392,815 11
The Venture Iwrexham) Llmited Notes to the Financial Statements - continued For the perlod endlng 31 March 2024 202312024 Unrestrlcted 2023124 Restrletod 2023124 Total 2022123 Total EXPENDITURE 4. Ser4lcgs Wages Vohlcles Tax and Fuel Vehlcle M8lnlenanc8 Transport Travel Exp8nses Protective Clolhing Building Improvement & Equipment Sile m8inten8nc8 Slte Improvement & Equipment Equlpmenl Hlre Actlvitles & Equlpmenl Miscellaneous Legacy Fund Partner8 clatlon 5,086 294,808 614 299,895 614 72 197 1,964 1,612 4,767 925 214,424 332 12B 197 1.984 1,612 4.767 925 1.638 70 48,177 4.092 4.138 10,850 371562 780 1,217 Q07 4.505 1,833 440 23.836 13.910 10,DJ8 20,083 292,960 46,177 4,092 4.136 21.547 389,345 4.697 8.783 & Véntvrn Support C08ts Flr8t Ald Tralnlng Bulldlng M8lnlen8nc8 & Cleanlng Audil C051s 130 5,063 16,813 2,705 23.711 130 5.063 15,813 2,705 23,711 51 2.681 14,630 2,575 19,938 6. Venture Admlnlstratlon In$urance Heat, Ugh( Water Telephon8 Refuse Advertlslng OITice Expenses & Photocopylng Admlnislralon W8ge8 8,675 9,622 3,169 468 724 11,078 31,035 58.789 8,675 g.622 3,169 466 724 4078 31,035 68,719 7,202 8,203 2.597 1.862 2,688 31.413 J4.688 Tokni Expèndllura 9,783 461,041 470,824 387,$64 7. TOTAL RESOURCES USED . OTHER DISCLOSURES 8taff c¢ OtherCost• D•procJtlon Tolil 2023124 202V13 Venture Servtces Support CO8ts Admlnlstrallon 299,895 21.547 388,345 23,711 S8.769 470,824 292,960 19.836 54,668 317.564 23.711 27.733 118.347 31,035 330,930 21,$47 12
The Venturg (Wrexhaml Llmlted
Notes to the Flnancial Stalementg - contlnued
For the perlod endlng 31 March 2024
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrsstrltod
lunds
Rtstrtcttd
funds
Total Fund¥
Total
INCOME AND EXPENDITURE
Donations and legacies
Charltable activities
Other income
937
325
368,191
25,362
1,282
366,19?
25.362
Total
937
391.ll78
392.815
EXPENDITURE ON
Charltable actlvltle$
SeNlces
Support Costs
Admlnlst8rtlon
21,494
271,468
19,868
54.184
292,960
19.936
64,669
Tof
22,048
NET INCOME I
TrIE VENTURE IWroxh35nl Limll¢d Noles 1¢ Ilio Flnamclal 51èlwTront9 - CODllfvuod for ihe Perlod lo 31 M8r¢h 2024 13. D•procl&llon Leasehold Bulldln95 Ltrasehold Playground Furnltui Equlpmont Compuf•r Equlpment olor Vehlcle¥ ¢ontstntsr6 car Tolal cosy At 18t Aprfl 2024 208.824 231,9J4 117.742 34.519 4,166 62 17.657 614.874 Addldong 3.12Q 4,50S Dl¥pw•l At 31st Mireh 2024 208,824 232.693 110.432 37,B46 4.ie6 6? 17,657 019.378 DEPRECIATION Al 1•t Apro 2024 55,182 6B283 1&299 29.542 1,033 7,870 171.371 Ch•rg• for th• y••r 8.12B 8,895 3.r29 21,847 Qn DI$11 Al 31•¢Mw¢h 2023 61,307 88,178 17.664 32,3Y7 4.112 11,199 192.918 Nf VALue . 2024 147.olfj iao.418 100,708 ,249 4a.461 NET BOOK VALUE 51•i¥•rnh ZD23 103,042 172,W21 102,443 4.977 134 g.e87 443.6D3 1& RToRS Amounts lthlllnq dwIthIn l y••r Pr•p•ym•nt• Ind •o¢N•d In¢• lJh•r D•btor• 2023 12024 20121202J 1206 06.831 101.fr31 ID.037 10 1B. CREDITOR8 Jrtounl¥ llllng du• 1h1n 1 yur Olh•r Cr•dltw• AeerIlI 4 drf•ff•d In¢•m• 12.IB3 12.028
THE VENTURe IWREXHAMI LIMITED Noto8 to the A¢covnt8 (conti 14. FUND MOVEMENTS RESTRICTED FUNDS Tronsferred Openlng Income ÉxpendJtuY• to Unr•strlct•d Clo6lng Venture Ser¥lceJ 430.969 555.425 461.041 525.352 430.969 SSS.423 461,041 S25,352 UNRESTRICTED FUfrIDS 174.042 3,350 9,783 67,810 15. AJ4ALY818 OF A88ET8 BEfwEEN FUND8 Unr••trlct•d Total 111,469 R•4trl¢t•d Totsl 314,gW2 60,037 162.476 12,153 525,352 202312024 Total 428.481 60.037 218.819 12.153 693183 202243 Totsl 443,602 103,112 70.425 12.028 605.011 FId As••l• D•btor• Bot)l* & Cwsh Crt 68,342 15