##
|NDEX|||
|---|---|---|
|||P~ae|
|REPORT OF THE TRUSTEES|||
|1. Reference and Administrative
details|||
|2. Chair's report|||
|3. STRUCTURE, GOVERNANCE
AND MANAGEMENT|||
|4. FINANCIAL
REVIEW including
reserves|policy||
|5. PROGRESS AGAINST CORE OBJECTIVES|||
|a. Progress Against 2023 core objectives|||
|b. Intentional
Growth
Priorities for|2024||
|SOCIAL IMPACT REPORT|||
|1. Impact Summary||13|
|a. 2022 for historic comparison|||
|b. 2023|||
|2. Home Presence initiatives||16|
|3. Fresh Start initiatives||21|
|4. Street Presence initiatives||28|
|5. System Leadership
initiatives||35|
|6. Vennture
Enterprises
Ltd||39|
|STATEMENT OF TRUSTEE'S RESPONSIBILITIES||42|
|REPORT OF THE INDEPENDENT
AUDITORS||43|
|ACCOUNTS|||
|1. Consolidate
Statement offinancial activities||46|
|2. Consolidated
Balance Sheet||47|
|3. Charity Balance Sheet||48|
|4. Consolidated
Cash Flow statement||49|
|5. Notes for Consolidated
Cash Flow statement||50|
|6. Notes to the consolidated
financial statements||51|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|DESIGNATED cash to cover forecast payment|DESIGNATED cash to cover forecast payment|in arrears of|restricted
income|
|---|---|---|---|
|DWP 3 months
in arrears|||= E661500|
|Herefordshire
Council
1 month|in arrears||= E11,805|
|DFE Contract|||= E20,000|
|Cash to cover forecast overheads|not covered|||
|from restricted
income|||E240,000|
|TOTAL|||E338,305|
|Actual unrestricted
cash reserves at 31 December 2023|||E438,482|
|Actual restricted
cash reserves at 31 December 2023
TOTAL CASH RESERVES held at 31"December 2023|||E97,300
E535,782|
|RESERVES held in tangible assets|||6841,734|
|RESERVES held in investment
property|||E705,530|
|RESERVES held in net assets|||(E205,454)|
|TOTAL RESERVES|||E1,877,592|
##
##
##
##
##
##
##
##
||||||||||||||||||~|.|~||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||||~|~||||||||
|||||||„'4,,"|i||||~g'|4'7|||'il||'||—|&|~,64~,
'||
|||||||a|||||||||||||||||
|Fresh start||Volunteer|||mentors|6||||52|f|1,300|||||||||||
||Garden|lk building|||project|15||||1,920|f|28,800|||||||||||
||||||Training|||||78|f|1,938|||||||||||
||Building Better Opportunities
BBO||||||||||||||73|||||f|243,011||
||BBOCommunity
Grant||||||||||||||55|||||f|111,008||
||Community|||Renewa
I Fund|||||||||||191|||||f|509,112||
|Street-Presence||Winter Provision
'
' ha
'||||27,||||1,479'|f|36975|||71
65|||1949),|||||
|||||||||' .|'|.994'|K,|3'5,475|i||3'51|||5||k."|2-||
|||||||77||||%,456 i|K,|36,4QQ.|i'||36|=||3fJ,|||||
|||||||||||1,145|f|28425|||||||||||
|Vennture|||||projects|||||391|f|19,355|||||||||||
||Buildings -Fresh Start Homeless|||||||||118|f|5,900|||||||||||
||Development|||workshops||||||320|f|8,000|||||||||||
||||||Trustees|||||669|f|33,450|||||||||||
||Total across||all initiatives|||167||9,628|||f|264,918||1,025||||2,015||f 3,299,439|||
|||I||~|~.
~|||||||I|||~I ~|||I|I||||
##
##
##
||Fresh start|||||Fresh Start|||||164|230||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||Winter Provision||||||86|120||||
|,|Strqet»
Pr'rl.shficre-"|r
|—
T»|'-
'|'
'|Msrsa
Qglgg||||||||||
|||||||~LArro|7,|||C||||||
|||||||'
Tratarr"||||r-|— V|||||
||Vennture|||||Pro'ects|8|1,782 f|73,160|||||||
||||Buildings||- Fresh|Start Homeless|2|85 f|4,250|||||||
|||||Development
workshops|||45|360 f|8,000|||||||
||||||Trustees &Directors||7|658 f|32,900|||||||
||||Total||across|all initiatives|155|9,317 f277,385|||966|1,734 f|2,432,747|||
||||||I|~
~.
~|||~ &
t||||~ ~|g|~|
##
##
##
|resent
with simpler earlier|stage, thoug|h
no less|challenging|needs.|needs.|||
|---|---|---|---|---|---|---|---|
||||Percenta|eoffamilies hei ed||||
|Family needs and issue|2019|2020|2021|2022|Family|2023
Vennture|TOTAL|
||||||Mentorin|Prevent||
|Parenting|87%o|83%|85/o|91/o|72%|89%|77%4|
|Children's
mental or
physical
health|60%o|70/|64%|85%+|75%|80%|77%%uo4'|
|Children
not attending||||||||
|school or at risk of|37%o|40%|30%|63%|83%|65%|77%+|
|school exclusion||||||||
|Parent's
mental or
physical
health|52%o|61%|47%|35%4|34%|39%|36/|
|Out of work
or financial difficulties|60%o|43%|36%|28%|21%|26%|23%|
|Victim of domestic||||||||
|abuse|32%o|36%o|31%|19%4|10%|24%|15%|
|current or historic||||||||
|Children
involved
in||||||||
|crime,
or anti-social
behaviour|10%o|13%|5%|12o/|19%o|7%|14%|
|or risk ofex loitation||||||||
|Alcohol
or substance
abuse|10%o|11%|7%|5%|6%|7%||
##
##
||Commissioned|Commissioned|Early|Help 2023|Vennture
Prevent 2023
(Lottery funded
programme)|Vennture
Prevent 2023
(Lottery funded
programme)|Vennture
Prevent 2023
(Lottery funded
programme)|Vennture
Prevent 2023
(Lottery funded
programme)|
|---|---|---|---|---|---|---|---|---|
||No of
families|Average
weeks
su
ort||Average
mentoring
visits|%of
families|Average
weeks
su
ort||Average
mentoring
visits|
|Completed
families|37 (65%)||25|21|39||34|28|
|Families who needed|||||||||
|social worker|11 (1910)||25|23|||||
|intervention|||||||||
|Families who|||||||||
|disengaged
from|7(12')||14||||15||
|su
ort|||||||||
|Families which moved
during
support|2 (4%)||21|15|||||
##
|New Referrals|in 2023|in 2023|Family
Mentoring|Vennture
Prevent|Thriving
Families||
|---|---|---|---|---|---|---|
|Primary
School|||25||33|58%|
|Social Workers/Early||Help|21|n/a|n/a|1910|
|Secondary
School|||19|||19%|
|Health|||||||
|Police|||||||
|Self-referral|||n/a||||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|People
Hel
d|People
Hel
d|Teams
Out||Clearing|||Handed|Out||Agency
Interactions|
|---|---|---|---|---|---|---|---|---|---|---|
|240||68|Bottles|Broken|Glass|Blankets|Water|Flip-
Flo s|Lollipops|589|
||||511|77|||182|130|113||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|for the Year Ended 31 December|2023||||||
|---|---|---|---|---|---|---|
||||||31.12.23|31.12.22|
|||Unrestricted|Designated|Restricted|Total|Total|
|||funds|funds|funds|funds|funds|
||Notes|E|E|E|E|E|
|INCOME AND ENDOWMENTS|||||||
|FROM|||||||
|Donations
and legacies||66,038||6,863|72,901|562,700|
|Charitable
activities|||||||
|Helping families,
young people|||||||
|and individuals||62,000|5,000|540,143|607,143|1,271,750|
|Other trading activities||55,486|119,688||175,174|4,660|
|Investment
income||787||275|1,062|47|
|Other income||1,479|||1,479|1 760|
|Total||185,790|124688|547,281|857 759|1,840 917|
|EXPENDITURE ON|||||||
|Raising funds|||58,285||58,285|14,207|
|Charitable
activities|||||||
|Helping families,
young people|||||||
|and individuals||378 626|68,713|665 220|1,112,559|1,135,871|
|NET INCOME/(EXPENDITURE)
Transfers between
funds|19|(192,836)
159,039|(2,310)
~37,002)|(117,939)
~122,037)|(313,085)|690,839|
|Net movement
in funds||(33,797)|(39,312)|(239,976)|(313,085)|690,839|
|RECONCILIATION
OF FUNDS|||||||
|Total funds brought
forward||155,542|899,874|1,135,261|2,190,677|1,499,838|
|TOTAL FUNDS CARRIED|||||||
|FORWARD||121 745|860 562|895,285|1 877 592|2 190677|
##
##
|Balance Sheet
31 December 2023|||||
|---|---|---|---|---|
||||31.12.23|31.12.22|
|||Notes|E|E|
|FIXEDASSETS|||||
|Tangible assets||12|841,734|859,460|
|Investments||13|1|1|
||||841,735|859,461|
|CURRENT ASSETS|||||
|Debtors||14|993,716|1,092,403|
|Cash at bank and in hand|||514474|385 067|
||||1,508,190|1,477,470|
|CREDITORS|||||
|Amounts
falling due within|one year|15|(341,080)|(55,373)|
|NET CURRENT ASSETS|||1 167,110|1,422,097|
|TOTAL ASSETS LESSCURRENT LIABILITIES|||2,008,845|2,281,558|
|CREDITORS|||||
|Amounts
falling due after|more than one year|16|(25,000)|(25,000)|
|NET ASSETS|||1,983,845|2 256,558|
|FUNDS||20|||
|Unrestricted
funds|||1,088,560|1,121,297|
|Restricted
funds|||895,285|1,135,261|
|TOTAL FUNDS|||1,983,845|2 256 558|
##
##
|for the Year Ended 31 Dec|ember 2023||||||
|---|---|---|---|---|---|---|
|||||31.12.23|31.12.22||
||||Notes|E|E||
|Cash flows from operating|activities||||||
|Cash generated
from operations||||(91,375)|539,031||
|Interest paid||||~17 276)|||
|Net cash used in operating|activities|||~108 651)|539|031|
|Cash flows from investing|activities||||||
|Purchase of tangible
fixed|assets|||(14,414)|(830,802)||
|Purchase of investment
property||||(22,111)|||
|Reclassification
of assets||||(4,435)|||
|Interest received||||1,062||47|
|Net cash provided
by/(used|in) investing||activities|$39 898)|)830|755)|
|Cash flows from financing|activities||||||
|New loans in year||||294,034|||
|Loan repayments
in year||||~4,488)|||
|Net cash provided
by financing
activities||||289 546|||
|Change in cash and cash equivalents||in|||||
|the reporting
period||||140,997|(291,724)||
|Cash and cash equivalents|at the||||||
|beginning ofthe reporting|period|||394,785|686,509||
|Cash and cash equivalents|at the end|of|||||
|the reporting
period||||535,782|394,785||
##
|RECONCILIATION|OF NET (EXPENDITURE)/INCOME|OF NET (EXPENDITURE)/INCOME|OF NET (EXPENDITURE)/INCOME|OF NET (EXPENDITURE)/INCOME|OF NET (EXPENDITURE)/INCOME|TO NET CASH|FLOW FROM|OPERATING ACTIVITIES|OPERATING ACTIVITIES|
|---|---|---|---|---|---|---|---|---|---|
|||||||||31.12.23|31.12.22|
|||||||||E|E|
|Net (expenditure)/income||||for the reporting|period (as per the|||||
|Statement of Financial|||Activities)|||||(313,085)|690,839|
|Adjustments
for:||||||||||
|Depreciation
charges||||||||32,141|34,902|
|Interest received||||||||(1,062)|(47)|
|Interest
paid||||||||17,276||
|Decrease/(increase)||in|debtors|||||167,639|(159,144)|
|Decrease in creditors||||||||5 714|~27,518)|
|Net cash used in|operations|||||||~91,375)|539 032|
|ANALYSIS OF CHANGES||||IN NET FUNDS||||||
||||||||At 1.1.23|Cash flow|At 31.12.23|
||||||||E|E|E|
|Net cash||||||||||
|Cash at bank and|in hand||||||394,785|140,997|535782|
||||||||394,785|140,997|535,782|
|Debt||||||||||
|Debts falling due|within|||1 year||||(289,547)|(289,547)|
|Debts falling due|after||1|year|||$25,000)||~25,000)|
||||||||~25,000)|~289 547)|)314,547)|
|Total|||||||369,785|~148 550)|221 235|
##
##
##
##
##
##
##
##
##
##
|for th|e Year Ended|e Year Ended|31 December 2023|31 December 2023|31 December 2023|31 December 2023|31 December 2023|31 December 2023|||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|2.|DONATIONS||AND LEGACIES||||||||||
||||||||||||31.12.23|31.12.22|
|||||||||Unrestricted|Restricted||Total|Total|
|||||||||funds|funds||funds|funds|
|||||||||E|E||E|E|
||Donations|||||||57,737|6,106||63,843|528,678|
||Gift aid|||||||8,301||757|9 058|34 022|
|||||||||66 038|6|863|72,901|562 700|
|3.|OTHER TRADING|||||ACTIVITIES|||||||
||||||||||||31.12.23|31.12.22|
|||||||||Unrestricted|Restricted||Total|Total|
|||||||||funds|funds||funds|funds|
||||||||||E||E|E. E|
||Room hire|||||||4,615|||4,615|4,660|
||Intercompany|||recharges|||||||||
||Vennture|Enterprises|||||Ltd|170 559|||170559||
|||||||||175,174|||175,175|4,660|
|4.|INVESTMENT|||INCOME|||||||||
||||||||||||31.12.23|31.12.22|
|||||||||Unrestricted|Restricted||Total|Total|
|||||||||funds|funds||funds|funds|
|||||||||E|E||E|E|
||Deposit account|||||interest||787||275|1,062|47|
||Intercompany|||loan interest|||||||||
|||||||||787||275|1,062|47|
|5.|INCOME FROM||||CHARITABLE ACTIVITIES||||||||
||||||||||||31.12.23|31.12.22|
||||||||||||Helping||
||||||||||||families,||
||||||||||||young||
||||||||||||people||
||||||||||||and|Total|
||||||||||||individuals|activities|
||||||||||||E|E|
||Grants||||||||||602,943|1,268,600|
||Training services provided||||||||||4,200|3,150|
||||||||||||607 143|1,271 750|
||Grants received,|||||included||in the above, are as follows:|||31.12.23|31.12.22|
||||||||||||E|E|
||The Eveson||Charitable||||Trust|||||74,999|
||Building Better Opportunities
Herefordshire
Council||||||||||30,834
146,217|108,004
469,908|
||Hereford|Cathedral|||||||||94,000|30,000|
||TNL Community|||||Fund||||||166615|
||Carried forward||||||||||271,051|849,526|
##
##
|for t|he Year Ended 31 December 2023|he Year Ended 31 December 2023|he Year Ended 31 December 2023|he Year Ended 31 December 2023|he Year Ended 31 December 2023|he Year Ended 31 December 2023|||||
|---|---|---|---|---|---|---|---|---|---|---|
||INCOME FROM CHARITABLE ACTIVITIES - continued||||||||||
||||||||||31.12.23|31.12.22|
||||||||||E|E|
||Brought forward||||||||271,051|849,526|
||Herefordshire
Community||Foundation||||||1,000|4,000|
||West Mercia Police and|Crime Commissioner||||Exchequer|Services||3,000|116,051|
||Landau
Ltd||||||||2,781|49,337|
||Hereford
Round Table|||||||||1,038|
||Lloyds Bank Foundation||||||||25,000|27,250|
||Gannett Trust|||||||||2,348|
||Almshouse
Charity|||||||||165,000|
||Gorsley Baptist Church||||||||1,350|500|
||NIHR|||||||||2,300|
||The Jerusalem
Trust|||||||||1,250|
||Benefact Trust|||||||||30,000|
||Herefordshire
Community||Safety Partnership|||||||20,000|
||Secretary of State for Work and|||Pensions|||||124,983||
||The National
Lottery Community|||Fund|||||63,484||
||Baring Foundation||||||||37,000||
||Hereford
City Council||||||||3,000||
||West Mercia Community||Safety|Partnerships|||||20,294||
||Ludlow Trust Company|Ltd|||||||5,000||
||Community
Chaplaincy|Association|||||||10,000||
||Mental
Health
Rough Sleeper Project||||||||35,000||
||||||||||602,943|1 268 600|
||CHARITABLE ACTIVITIES||COSTS||||||||
||||||||||Support||
|||||||||Direct|costs (see||
|||||||||Costs|note 7)|Totals|
|||||||||E|E|E|
||Helping families,
young|people and|||||||||
||individuals|||||||896 306|216,253|1 112 559|
|7.|SUPPORT COSTS||||||||||
|||||||Information|||Governance||
||||||Finance|technology||Other|costs|Totals|
||||||E|E||E||E|
||Helping families,
young||||||||||
||people and individuals||||32 789|38|524|132526|12414|216,253|
||NET INCOME/(EXPENDITURE)||||||||||
||Net income/(expenditure)||is stated||after charging/(crediting):||||||
||||||||||31.12.23|31.12.22|
||||||||||E|E|
||Auditors'
remuneration||||||||16,314|11,970|
||Depreciation
- owned assets||||||||32,140|34,902|
||Operating
lease payments||||||||~9874|17,026|
##
##
|10.|STAFF COSTS||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||31.12.23|31.12.22|
||||||||||E|E|
||Wages and salaries||||||||757,338|740,069|
||Social security costs||||||||55,855|56,712|
||Other pension costs||||||||13,749|13 954|
||||||||||826 942|810735|
||The average monthly|number of||employees|during the year was||as follows:||31.12.23|31.12.22|
||Management||||||||8|7|
||Other staff||||||||23|33|
||||||||||31|40|
||Vennture
Enterprises|Ltd|||||||||
||||||||||38||
||The number of employees||whose|employee|benefits|(excluding|employer|pension|costs) exceeded
31.12.23|E60,000was:
31.12.22|
||E60,001 - f70,000|||||||||1|
||E70,001 - f80,000||||||||1||
||The full time equivalent||number|ofstaff was 23.95||(2022:27.6).|||||
||Total key management|personnel||benefits|amounted|to f338,588 (2022:||f284,787).|||
|Total key management
personnel
benefits amounted
to f338,588 (|Total key management
personnel
benefits amounted
to f338,588 (|Total key management
personnel
benefits amounted
to f338,588 (|2022:f284,78|7).|||
|---|---|---|---|---|---|---|
|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES|||||||
|||Unrestricted|Designated|Restricted||Total|
|||funds|funds|funds||funds|
|||E|E|E||E|
|INCOME AND ENDOWMENTS|FROM||||||
|Donations
and legacies||42,284|494,549|25,867||562,700|
|Charitable
activities|||||||
|Helping families,
young people and
individuals||33,144|167,347|1,071,259||1,271,750|
|Other trading activities
Investment
income||40|30|4,620
17||4,660
47|
|Other income||1 659|||101|1,760|
|Total||77 127|661,926|1 101|864|1,840 917|
|EXPENDITURE ON|||||||
|Raising funds|||14,207|||14,207|
|Charitable
activities|||||||
|Helping
families,
young people and
individuals||303466|14,418|817|987|1,135,871|
|NET INCOME/(EXPENDITURE)
Transfers between
funds||(226,339)
160920|633,301
~18,655)|283,877
~142265)||690,839|
|Net movement
in funds||(65,419)|614,646|141,612||690,839|
|RECONCILIATION
OF FUNDS|||||||
|Total funds brought
forward||220,961|285 228|993|649|1 499,838|
|TOTAL FUNDS CARRIED FORWARD||155,542|899 874|1 135|261|2 190677|
##
##
|GROUP|||||
|---|---|---|---|---|
||||Assets|Improvements|
|||Freehold|Under|to|
|||property|Construction|property|
|||E|I:|I:|
|COST|||||
|At 1 January 2023||1,277,984|62,748|135,681|
|Additions|||3,186||
|Transfer/reclassification||)622,434)|||
|At 31 December 2023||655,550|65,934|135,681|
|DEPRECIATION|||||
|At 1 January 2023||22,950||9,930|
|Charge for year
Transfer/reclassification||13 111
~2976)||6,783|
|At 31 December 2023||33,085||16,713|
|NET BOOK VALUE|||||
|At 31 December 2023||622,465|65,934|118,968|
|At 31 December 2022||1,255,034|62,748|125,751|
||Fixtures||||
||and|Motor|Computer||
||fittings
f|vehicles
E|equipment
I:|Totals
E|
|COST|||||
|At 1 January 2023|87,562|2,499|62,924|1,629,398|
|Additions|3,363||7,865|14,414|
|Transfer/reclassification|$60,984)|||)683,418)|
|At 31 December 2023|29,941|2,499|70,789|960,394|
|DEPRECIATION|||||
|At 1 January 2023|5,554|958|51,562|90,954|
|Charge for year
Transfer/reclassification|3,472
~1458)|500|8,274|32,140
~4,434)|
|At 31 December 2023|7,568|1,458|59 836|118,660|
|NET BOOKVALUE|||||
|At 31 December 2023|22,373|1,041|10953|841 734|
|At 31 December 2022|82 008|1 541|11 362|1,538 444|
##
##
|CHARITY|||||
|---|---|---|---|---|
||||Assets|Improvements|
|||Freehold|Under|to|
|||property|Construction|property|
|||E|E|E|
|COST|||||
|At 1 January 2023||655,550|62,748|135,681|
|Additions|||3 186||
|At 31 December 2023||655 550|65,934|135681|
|DEPRECIATION|||||
|At 1 January 2023||19,974||9,930|
|Charge for year||13 111||6,783|
|At 31 December 2023||33,085||16713|
|NET BOOK VALUE|||||
|At 31 December 2023||622,465|65,934|118968|
|At 31 December 2022||635,576|62,748|125,751|
||Fixtures||||
||and|Motor|Computer||
||fittings|vehicles|equipment|Totals|
||E|E||E|
|COST|||||
|At 1 January 2023
Additions|26,578
3 363|2,499|62,924
7 865|945,980
14,414|
|At 31 December 2023|29,941|2,499|70,789|960,394|
|DEPRECIATION|||||
|At 1 January 2023|4,096|958|51,562|86,520|
|Charge for year|3,472|500|8,274|32 140|
|At 31 December 2023|7,568|1 458|59,836|118660|
|NET BOOKVALUE|||||
|At 31 December 2023|22,373|1,041|10,953|841 734|
|At 31 December 2022|22,482|1,541|11,362|859,460|
##
|Vennture|Enterprises|Enterprises|Ltd|||||
|---|---|---|---|---|---|---|---|
|Registered|office:|United||Kingdom||||
|Nature of|business:|Provision of accommodation||||||
||||||YO|||
|Class of share:|||||holding|||
|Ordinary|||||100|||
|||||||31.12.23|31.12.22|
|||||||E|E|
|Aggregate
capital
Loss for the year||and|reserves|||(106,252)
~40,372)|(65,880)
j65 881)|
|he company
covenants
its taxable profits to Here
low.|ford
Vennture.
A summary
of|trading
results
is|
|---|---|---|
||31.12.2023|31.12.2022|
||E|E|
|Turnover
Cost ofsales|186,375
~91361)|13,083
~49 059)|
|Gross profit/(loss)|95,014|(35,976)|
|Administrative
expenses|~84,580)|~29,935)|
|Operating
profit/(loss)|10,434|(65,911)|
|Interest receivable
and similar expenses
Interest payable
and similar expenses|65
~50 871)|30|
|Profit/(loss)
for the year|~40,372)|~65 881)|
##
##
|FIXEDASSET INVESTMENTS
- INVESTMENTS PROPERT||
|---|---|
||Group|
||31.12.23|
||E|
|FAIR VALUE||
|Additions|22, 111|
|Reclassification/transfer|683,419|
||705,530|
|NET BOOK VALUE||
|At 31 December 2023|705,530|
##
##
|||Group||Charity|Charity|
|---|---|---|---|---|---|
|||31.12.23|31.12.22|31.12.23|31.12.22|
|||E|E||E|
|Amounts|falling due within one year:|||||
|Trade debtors||155,133|224,250|124,821|224,249|
|Amounts|owed by group undertakings|||20,343|71,152|
|Other debtors||18,743|129,397|14,418||
|Prepayments||19,034|6,902|19,034|6,902|
|||192,910|360,549|178,616|302,303|
|Amounts|falling due after more than one|||||
|year:||||||
|Amounts|owed by group undertakings|||815,100|790,100|
|Aggregate|amounts|192,910|360,549|993,716|1,092,403|
##
##
||||Group||Charity|Charity|
|---|---|---|---|---|---|---|
||||31.12.23|31.12.22|31.12.23|31.12.22|
||||E|E|E|E|
|Other loans (see note||17)|289,547||289,547||
|Trade creditors|||24,862|44,336|22,180|25,146|
|Social security|and other taxes||28,418|16,179|14,263|16,179|
|Other creditors|||15,447|3,538|||
|Accruals and deferred||income|15,090|14,048|15,090|14,048|
||||373,364|78,101|341,080|55,373|
##
##
|16.|CREDITORS|: AMOUNTS
F|AL|LI|NG DU|E AFTER M|ORE THAN ONE YE|ORE THAN ONE YE|AR||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||Group||||||Charity||||
||||||||31.12.23|31.12.22||||31.12.23||31.12.22|||
||||||||E|E||||E|||E||
||Other loans|(see note 17)|||||25,000|25,000|||||25,000||25,000||
||The zero interest
loan of E25,000 has had no repayments
made in||||||||the|year. Balance|||remains|at|E25,000.||
|17.|LOANS||||||||||||||||
||An analysis|of the maturity||of|loans is given below:||||||||||||
||||||||Group||||||Charity||||
||||||||31.12.23|31.12.22||||31.12.23||31.12.22|||
||||||||E|E||||E|||E||
||Amounts
falling due within|||one year||on||||||31.12.23|||31.12.22||
||demand:||||||||||||E|||E|
||Other loans||||||289,547|||||289,547|||||
||Amounts
falling due between||||two and five||||||||||||
||years:||||||||||||||||
||Other loans||||||25,000|25,000||||25,000|||25,000||
|18.|LEASING AGREEMENTS||||||||||||||||
||Minimum
lease payments||under non-cancellable||||operating|leases fall due|||as follows:||||||
|||||||||||||31.12.23|||31.12.22||
||||||||||||||E|||E|
||Within one|year|||||||||||9,874|||9,874|
||Between one and five years||||||||||||32,783|||42,657|
||||||||||||||42,657|||52,531|
|19.|ANALYSIS OF NET ASSETS BETWEEN FUNDS||||||||||||||||
|||||||||||||31.12.23|||31.12.22||
||||||Unrestricted||Designated||Restricted||||Total|||Total|
|||||||funds|funds||funds||||funds|||funds|
|||||||E|E|||E|||E|||E|
||Fixed assets|||||32,514|75,207||734,013||||841,734||1,538,444||
||Investments||||||705,530||||||705,530||||
||Current assets||||455,310||112,109||161,273||||728,692|||755,334|
||Current
liabilities
Long term liabilities||||(341,079)
~25,000)||(32,284)||||(1)|(373,364)
~25,000)|||(78,101)
~25,000)||
||||||121,745||860 562||895 285|||1|877 592||2,190,677||
|20.|MOVEMENT|IN FUNDS|||||||||||||||
|||||||||||Net|||Transfers||||
||||||||||movement||||between|||At|
||||||||At 1.1.23||in|funds|||funds||31.12.23||
||||||||E|||E|||E|||E|
||Unrestricted|funds|||||||||||||||
||General fund||||||155,542||(183,540)||||210,765|||182,767|
||Designated|Raising Future|Investment||||235|||||||||235|
||Designated
26 Vicarage|Vennture
Homes
Road|||||899,639
(2,310)
~9,296)|||||(37,002)
~51,726)|||860,327
~61,022)||
||||||||1,055,416||(195,146)||||122,037||982,307||
##
|MOVEMENT
IN FU|N|D|S -|c|ont|inued|||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||Net|Transfers||
|||||||||movement|between|At|
||||||||At 1.1.23|in funds|funds|31.12.23|
|||||||||E|E|E|
|Restricted funds|||||||||||
|Street Pastors|||||||(8,591)|1,032||(7,559)|
|Lean on Me|||||||(3,611)|6,369|(1,805)|953|
|Family Pastors|||||||48,269|(5,312)|(23,145)|19,812|
|Hereford
Ambassadors|||||||42,370|4,263|(14,492)|32,141|
|Ledbury Ambassadors|||||||1,285||(1,285)||
|Building Better Opportunities|||||||3,739|5,418|(9,157)||
|Youth|||||||5,916||(5,916)||
|PREVENTION4FAMILIES|||||||93,200|(79,257)|(14,023)|(80)|
|Housed Homeless|||||||648|||648|
|Discretionary
Grant||Fund|||||609|(417)||192|
|26 Vicarage Road|||||||699,829|(19,395)|51,726|732,160|
|Landau
Community||Prevention||||||313|(313)||
|Police Community|Safer|||Streets|||45,666|(35,603)|(12,065)|(2,002)|
|Response Pastors|||||||30,000|62,166|19,249|111,415|
|Winter Provision|||||||163,150|(68,172)|(94,750)|228|
|Hereford vulnerability|||prevention||||10,897|(8,597)|(2,300)||
|NIHR|||||||1,885|(312)|(1,574)|(1)|
|Parental
Conflict Challenge||||||fund||18,565|(13,472)|5,093|
|Ross Ambassadors||||||||1 000|1 285|2,285|
||||||||1 135261|~117,939)|~122,037)|895 285|
|TOTAL FUNDS|||||||2,190,677|~313,085)||1,877,592|
|Net movement
in|funds,||||included||in the above are as follows:||||
|||||||||Incoming|Resources|Movement|
|||||||||resources|expended|in funds|
|||||||||E|E|E|
|Unrestricted
funds|||||||||||
|Generalfund||||||||184,134|(367,674)|(183,540)|
|Designated
Vennture
26 Vicarage Road|||Homes|||||124,688
1,656|(126,998)
~10,952)|(2,310)
~9,296)|
|||||||||310,478|(505,624)|(195,146)|
|Restricted funds|||||||||||
|Street Pastors||||||||2,446|(1,414)|1,032|
|Lean on Me||||||||27,149|(20,780)|6,369|
|Family Pastors
Hereford Ambassadors||||||||121,158
30,099|(126,470)
(25,836)|(5,312)
4,263|
|Building Better Opportunities||||||||30,835|(25,417)|5,418|
|PREVENTION4FAMILIES||||||||17|(79,274)|(79,257)|
|Discretionary
Grant
26 Vicarage Road
Landau
Community|||Fund
Prevention|||||2,781|(417)
(19,395)
(2,468)|(417)
(19,395)
313|
|Police Community
Response Pastors||Safer|||Streets|||3,000
200,915|(38,603)
(138,749)|(35,603)
62,166|
|Winter Provision||||||||2,901|(71,073)|(68,172)|
|Hereford vulnerability||||prevention|||||(8,597)|(8,597)|
|NIHR||||||||(1)|(311)|(312)|
|Parental
Conflict|Challenge|||||fund||124,981|(106,416)|18,565|
|Ross Ambassadors||||||||1 000||1 000|
|||||||||547 281|)665 220)|(117,939)|
|TOTAL FUNDS||||||||857,759|~1170844)|~313085)|
##
##
|Comparatives
for|m||ovement
in funds|||||
|---|---|---|---|---|---|---|---|
||||||Net|Transfers||
||||||movement|between|At|
|||||At 1.1.22|in funds|funds|31.12.22|
|||||E|E|E|E|
|Unrestricted
funds||||||||
|General fund||||220,961|(226,339)|160,920|155,542|
|Designated
Raising Future Investment
Designated
Vennture
Homes||||235
284,993|633,301|~18,655)|235
899,639|
|||||506,189|406,962|142,265|1,055,416|
|Restricted funds||||||||
|Street Pastors||||(886)|(7,705)||(8,591)|
|Lean on Me||||3,341|(6,952)||(3,611)|
|Family Pastors||||25,773|37,445|(14,949)|48,269|
|Hereford Ambassadors||||24,608|24,131|(6,369)|42,370|
|Ledbury Ambassadors||||285|1,000||1,285|
|Building Better Opportunities||||(4,273)|24,350|(16,338)|3,739|
|Youth||||5,916|||5,916|
|PREVENTION4FAMILIES||||105,986|871|(13,657)|93,200|
|Housed Homeless||||25,571|(13,313)|(11,610)|648|
|Discretionary
Grant
26 Vicarage Road||Fund||4,007
742,344|(3,398)
(42,515)||609
699,829|
|Landau
Community
Police Community|Prevention
Safer Streets|||6,582
54,395|3,246
3,942|(9,828)
(12,671)|45,666|
|Community
Renewal|||(HVOSS)||43,784|(43,784)||
|Fresh Start|||||(1,443)|1,443||
|Response Pastors|||||30,000||30,000|
|Winter Provision
Hereford vulnerability
NIHR|||prevention||168,352
19,897
2,185|(5,202)
(9,000)
~300)|163,150
10,897
1,885|
|||||993,649|283,877|~142,265)|1,135,261|
|TOTAL FUNDS||||1,499,838|690,839||2 190,677|
##
|Comparative
net|mo|v|ement
in funds, incl|uded
in the abov|e are as|follows:|||
|---|---|---|---|---|---|---|---|---|
|||||||Incoming|Resources|Movement|
|||||||resources|expended|in funds|
|||||||E|E|E|
|Unrestricted
funds|||||||||
|General fund
Designated
Vennture|||Homes|||77,127
661 926|(303,466)
~28 625)|(226,339)
633,301|
|||||||739,053|(332,091)|342,234|
|Restricted funds|||||||||
|Street Pastors||||||2,718|(10,423)|(7,705)|
|Lean on Me||||||2,927|(9,879)|(6,952)|
|Family Pastors||||||153,925|(116,480)|37,445|
|Hereford
Ambassadors||||||31,067|(6,936)|24,131|
|Ledbury Ambassadors||||||1,000||1,000|
|Building Better Opportunities||||||108,035|(83,685)|24,350|
|Youth||||||947|(947)||
|PREVENTION4FAMILIES||||||145,482|(144,611)|871|
|Housed Homeless||||||1,352|(14,665)|(13,313)|
|Discretionary
Grant||Fund||||3 337|(6,735)|(3,398)|
|26 Vicarage Road||||||3,870|(46,385)|(42,515)|
|Landau
Community||Prevention||||49,338|(46,092)|3,246|
|Police Community|Safer Streets|||||116,050|(112,108)|3,942|
|Community
Renewal|||(HVOSS)|||226,274|(182,490)|43,784|
|Fresh Start||||||100|(1,543)|(1,443)|
|Response Pastors||||||30,000||30,000|
|Winter Provision||||||202,142|(33,790)|168,352|
|Hereford vulnerability
NIHR|||prevention|||21,000
2 300|(1,103)
~115)|19,897
2 185|
|||||||1,101,864|~817,987)|283,877|
|TOTAL FUNDS||||||1 860,917|)1,150,078)|690 839|
|Summary|||||||||
|Closing fund balances|||can be.summarised|as the following|between|revenue|and fixed asset funds:||
||||||||31.12.2023||
|Unrestricted
Funds|||||||||
|Revenue funds|||||||88,515||
|Fixed Asset funds|||||||33,230||
|Total unrestricted||funds|||||121,745||
|Designated
Funds|||||||||
|Revenue
funds|||||||76,508||
|Vennture
Enterprises|||Ltd||||(106,253)||
|Loan to Vennture|Enterprises||||||815,100||
|Fixed Asset funds|||||||75,207||
|Total designated|funds||||||860,562||
|Restricted
Funds|||||||||
|Revenue
funds|||||||161,988||
|Fixed Asset funds|||||||733 297||
|Total restricted|funds||||||895,285||
|Total funds|||||||1,877,592||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##