**REGISTERED COMPANY NUMBER: 09080083 (England and Wales) REGISTERED CHARITY NUMBER: 1158524**
## **Report of the Trustees and**
**Financial Statements for the Year Ended 30 June 2023**
**for**
## **Northamptonshire VCSE Assembly Ltd**
Harris & Co (Accountants) Ltd, Statutory Auditor 2 Pavilion Court
600 Pavilion Drive Northampton NN4 7SL
**Northamptonshire VCSE Assembly Ltd**
## **Contents of the Financial Statements for the Year Ended 30 June 2023**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 4|
|**Report of the Independent Auditors**|5 to 8|
|**Statement of Financial Activities**|9|
|**Balance Sheet**|10|
|**Cash Flow Statement**|11|
|**Notes to the Cash Flow Statement**|12|
|**Notes to the Financial Statements**|13 to 18|
|**Detailed Statement of Financial Activities**|19|
**Northamptonshire VCSE Assembly Ltd**
## **Report of the Trustees for the Year Ended 30 June 2023**
## Governance, Structure and Management
The trustees, being the directors of the charitable company, present their report and financial statements for the year ending 30 June 2023.
## Governing Document
The charity is a charitable company limited by guarantee and was incorporated on 10 June 2014. It is governed by the Memorandum and Articles of Association.
## Recruitment and Appointment of Trustees
The Directors of the company are also charity Trustees for the purpose of charity law. They are also known as members of the Board and are appointed at the Annual General Meeting.
The Memorandum & Articles of Association provided for a minimum of 7 Directors and a maximum number of 12.
On 4 May 2021 the company passed an ordinary resolution reducing the minimum number of Trustees to 5. Other provisions in the Articles of Association concerning the appointment of Trustees are unchanged.
## Trustee Induction and Training
The Board of Trustees actively seeks to recruit new Trustees from the community, and on appointment new trustees receive a formal induction process covering the role and responsibilities of Trustees. Appropriate training is offered to all Trustees on a regular basis.
## Vision Statement
To create a society in which all people have good healthy, quality lives through living in positive social, economic, and environmental circumstances, through the provision of high-quality, responsive, generalist and specialist services and facilities.
## Risk Management
The Board has assessed the major operational risks to which the charity is exposed, those related to the operations and finances of the charity and are satisfied that systems are in place to mitigate our exposure to the major risks. The Trustees do not believe the charity is subject to any substantial risk beyond the liabilities disclosed in the Annual Report and Accounts.
The Trustees confirm systems have been established so that the necessary steps can be taken to lessen these risks.
## Organizational Structure
The Charitable Company is managed by the Board of Trustees, all of whom are directors of the company who consider all significant expenditure and other requests at their meetings. The board is chaired by an independent chair, who chairs by invitation of the board.
## Public Benefit Statement
The focus of this formal consortium will be to build on existing capacity and the positive track records of consortium member organisations to co-deliver a range of holistic, bespoke public services, available at the point of need.
The intention is that this consortium will embrace organisations across a wide spectrum of service sectors such as social welfare advice, health and wellbeing, employment support, community transport, environment, heritage, as well as volunteering and infrastructure 'capacity building' support.
## Aims & Objectives
Northamptonshire VCSE Assembly Ltd is a joint venture both of and for community based voluntary and social enterprise sector organisations in Northamptonshire, surrounding counties, and elsewhere.
## The consortium's mission is to:
Ultimately harness the power of collaboration between local Voluntary, Community and Social Enterprise sector organisations to:
Page 1
**Northamptonshire VCSE Assembly Ltd**
## **Report of the Trustees for the Year Ended 30 June 2023**
1. Strengthen community based not-for-profit organisations.
2. Maximise their sustainable funding and investment opportunities.
3. Share their resources and expertise, to add value to frontline public service delivery.
4. Support communities to identify their own needs and build community led solutions.
It will aim to achieve this by securing larger and more complex contracts and grant funding for the delivery of public services, activities, and facilities and to manage the ensuing revenue through a joint consortium approach.
In setting our objectives and planning our activities the Trustees have considered the Charity Commission's general guidance on public benefit.
## Achievement and Performance
## Introduction:
The annual accounts report for Northamptonshire VCSE Assembly Ltd (formerly Commsortia Ltd) for the financial year 2022/2023 reflect on the culmination of our Building Better Opportunities (BBO) programme and the subsequent discussions regarding our organisation's future sustainability and legacy. This report outlines the progression of activities undertaken during the specified period; alongside strategic decisions aimed at ensuring our continued impact within the sector.
## Building Better Opportunities Programme:
Between July 2022 and December 2023, Northamptonshire VCSE Assembly Ltd diligently collaborated with multiple delivery partners, remaining actively engaged in supporting participants towards the completion of their journeys. Although participant recruitment ceased during this phase, our commitment to existing participants remained consistent.
Transitioning into the early months of 2023, our focus narrowed to working closely with a sole delivery partner, prioritising the support of the remaining participants within the project. This concentrated effort underscored our dedication to fulfilling our contractual obligations and ensuring the well-being of the participants involved.
From March to June 2023, as the BBO project drew to a close, meticulous attention was directed towards finalising project claims and documentation. Our team worked tirelessly to ensure all requisite paperwork was completed to the highest standard, subsequently providing it to the University of Northampton for safekeeping. This period marked the conclusive phase of the BBO project, aligning seamlessly with the conclusion of our financial year on the 30 June 2023.
## Strategic Discussions and Future Planning:
Throughout this transitional period, extensive deliberations occurred among the trustees and senior staff concerning Northamptonshire VCSE Assembly's sustainability and lasting impact. As an independent registered company and charity, the potential for our organisation to serve as an important organisation for the Voluntary, Community, and Social Enterprise (VCSE) Assembly emerged as a possible prospect.
After careful consideration, the trustees resolved to pursue negotiations regarding this possibility, laying the groundwork for a merger on the 1 June 2023. The decision was also taken to change the name of the organisation to the Northamptonshire VCSE Assembly Ltd. This name change, together with the changes to the directors and trustees will be concluded in the next financial year 2023/2024. This strategic decision reflects our commitment to maximising charity's legacy.
## Conclusion:
In conclusion, the outlined period has been marked by significant achievements and strategic foresight. From the successful conclusion of the BBO programme to the proactive planning for organisational transition, the trustee's remain steadfast in our commitment to community empowerment and sustainable impact.
As we embark on this new chapter in our organisational journey, we express gratitude to the staff, and partners who have contributed to our success. With a renewed sense of purpose and vision, we look forward to embracing the opportunities that lie ahead as we continue to serve and support our community through collaboration and innovation.
Page 2
**Northamptonshire VCSE Assembly Ltd**
## **Report of the Trustees for the Year Ended 30 June 2023**
## **STRATEGIC REPORT**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Company number**
09080083 (England and Wales)
## **Registered Charity number**
1158524
## **Registered office**
2 Pavilion Court 600 Pavilion Drive Northampton NN4 7SL
## **Trustees**
## **Financial year 22/23**
Alan Armson MBE Chief Executive (resigned 31/1/2024) Carol Phillips - Independent Chair (resigned 31/5/2023) Christopher Duff Dion Hunt Liam Condron - Independent Chair (appointed 31/5/2023) (resigned 16/11/2023) Mark Major **Financial year 23/24** Matthew Foreman (appointed 12/12/2023) Miranda Wixon – Independent Chair (appointed 16/11/2023) Elaine O'Leary (appointed 12/12/2023) Sarah Hayle (appointed 12/12/2023) Sarah Hillier (appointed 12/12/2023)
## **Auditors**
Harris & Co (Accountants) Ltd, Statutory Auditor 2 Pavilion Court 600 Pavilion Drive Northampton NN4 7SL
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
The trustees (who are also the directors of Northamptonshire VCSE Assembly Ltd 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 Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
Page 3
**Northamptonshire VCSE Assembly Ltd**
## **Report of the Trustees for the Year Ended 30 June 2023**
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued**
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
- there is no relevant audit information of which the charitable company'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 establish that the auditors are aware of that information.
## **AUDITORS**
The auditors, Harris & Co (Accountants) Ltd, Statutory Auditor, will be proposed for re-appointment at the forthcoming Annual General Meeting.
Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 27 March 2024 and signed on the board's behalf by:
C Duff - Trustee
Page 4
**Report of the Independent Auditors to the Members of Northamptonshire VCSE Assembly Ltd**
## **Opinion**
We have audited the financial statements of Northamptonshire VCSE Assembly Ltd (the 'charitable company') for the year ended 30 June 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
- In our opinion the financial statements:
- give a true and fair view of the state of the charitable company's affairs as at 30 June 2023 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements 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 to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the trustees' use of the going concern 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 doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
## **Emphasis of matter**
Going concern
As described in the accounting policy notes, the charity has prepared the financial statements on a going concern basis. The charity is reliant on grant funding from various bodies. The current grants terminate at various future dates, none of which are more than 12 months from the date of approval of the financial statements.However, the trustees and directors are confident that further grant funding will be forthcoming and that it is appropriate to prepare the financial statements on a going concern basis.
## **Other information**
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Page 5
**Report of the Independent Auditors to the Members of Northamptonshire VCSE Assembly Ltd**
## **Opinions on other matters prescribed by the Companies Act 2006**
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Trustees has been prepared in accordance with applicable legal requirements.
## **Matters on which we are required to report by exception**
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of trustees' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.
## **Responsibilities of trustees**
As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes 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 misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Page 6
**Report of the Independent Auditors to the Members of Northamptonshire VCSE Assembly Ltd**
## **Our responsibilities for the audit of the financial statements**
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
## Identifying and assessing potential risks related to irregularities
In identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:
o The nature of the charity's activities and sector, control environment and financial performance;
o Enquiring of management and the trustees, including obtaining and reviewing supporting documentation, concerning the charitable company's policies and procedures relating to:
- Identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;
- Detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;
- The internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations. o Discussing among the engagement team and involving relevant internal specialists, including tax, and charity specialists (where relevant) regarding how and where fraud might occur in the financial statements and any potential indicators of fraud; and
o Obtaining and understanding of the legal and regulatory frameworks that the charitable company operates in, focusing on those laws and regulations that had a direct effect on the financial statements, such as provisions of the UK Companies Act, charity legislation and tax legislation or that had a fundamental effect on the operations of the charitable company; including General Data Protection requirements, anti-bribery and corruption policy.
## Audit response to risks identified
As a result of performing the above, we identified various provisions of the Charities Act and the Charity Commission guidance as key audit matters related to non-compliance with laws and regulations and the receipt of donations and the making of grants as key audit matters related to the potential risk of fraud. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.
In addition to the above, our procedures to respond to risks identified include the following:
o Review of the financial statement disclosures and testing to support documentation to assess compliance with provisions of relevant laws
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
Page 7
**Report of the Independent Auditors to the Members of Northamptonshire VCSE Assembly Ltd**
## **Use of our report**
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Phillip J Harris BA(Hons) BFP FCA (Senior Statutory Auditor)
for and on behalf of Harris & Co (Accountants) Ltd, Statutory Auditor 2 Pavilion Court 600 Pavilion Drive Northampton NN4 7SL
27 March 2024
Page 8
**Northamptonshire VCSE Assembly Ltd**
## **Statement of Financial Activities for the Year Ended 30 June 2023**
|2023
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
3
235,516
**EXPENDITURE ON**
**Charitable activities**
4
Charitable activities
284,262
Other
-
**Total**
284,262
**NET INCOME/(EXPENDITURE)**
(48,746)
**RECONCILIATION OF FUNDS**
Total funds brought forward
87,808
**TOTAL FUNDS CARRIED FORWARD**
39,062|2022
Total
funds
£
326,276
353,371
766
354,137
(27,861)
115,669
87,808|
|---|---|
The notes form part of these financial statements
Page 9
**Northamptonshire VCSE Assembly Ltd**
## **Balance Sheet 30 June 2023**
|2023
Unrestricted
fund
Notes
£
**CURRENT ASSETS**
Debtors
11
626
Cash at bank
47,981
48,607
**CREDITORS**
Amounts falling due within one year
12
(9,545)
**NET CURRENT ASSETS**
39,062
**TOTAL ASSETS LESS CURRENT LIABILITIES**
39,062
**NET ASSETS**
39,062
**FUNDS**
13
Unrestricted funds
39,062
**TOTAL FUNDS**
39,062|2022
Total
funds
£
351
90,144
90,495
(2,687)
87,808
87,808
87,808
87,808
87,808|
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 27 March 2024 and were signed on its behalf by:
C Duff - Trustee
The notes form part of these financial statements
Page 10
## **Northamptonshire VCSE Assembly Ltd**
## **Cash Flow Statement for the Year Ended 30 June 2023**
|Notes
**Cash flows from operating activities**
Cash generated from operations
1
Tax paid
Net cash used in operating activities
**Change in cash and cash equivalents in the**
**reporting period**
**Cash and cash equivalents at the beginning of**
**the reporting period**
**Cash and cash equivalents at the end of the**
**reporting period**|2023
£
(41,888)
(275)
(42,163)
(42,163)
90,144
47,981|2022
£
(77,983)
(351)
(78,334)
(78,334)
168,478
90,144|
|---|---|---|
The notes form part of these financial statements
Page 11
**Northamptonshire VCSE Assembly Ltd**
## **Notes to the Cash Flow Statement for the Year Ended 30 June 2023**
|**1.**
**RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES**
2023
£
**Net expenditure for the reporting period (as per the Statement of Financial**
**Activities)**
(48,746)
**Adjustments for:**
Depreciation charges
-
Decrease in debtors
-
Increase/(decrease) in creditors
6,858
**Net cash used in operations**
(41,888)|2022
£
(27,861)
437
13,910
(64,469)
(77,983)|
|---|---|
## **2. ANALYSIS OF CHANGES IN NET FUNDS**
|At
**Net cash**
Cash at bank
**Total**|1/7/22
Cash flow
At 30/6/23
£
£
£
90,144
(42,163)
47,981
90,144
(42,163)
47,981
90,144
(42,163)
47,981|1/7/22
Cash flow
At 30/6/23
£
£
£
90,144
(42,163)
47,981
90,144
(42,163)
47,981
90,144
(42,163)
47,981|
|---|---|---|
|||47,981|
|||47,981|
The notes form part of these financial statements
Page 12
**Northamptonshire VCSE Assembly Ltd**
## **Notes to the Financial Statements for the Year Ended 30 June 2023**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## Going concern
The charity has prepared the financial statements on a going concern basis. The charity is reliant on grant funding from various bodies. The grants terminate at various future dates, none of which are more than 12 months from the date of approval of the financial statements.However, the trustees and directors are confident that further grant funding will be forthcoming and that it is appropriate to prepare the financial statements on a going concern basis.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is calculated to write down the cost of the tangible fixed assets over their expected useful lives on a straight line basis. The useful lives are 4 years for office equipment and computer equipment.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
Page 13
**Northamptonshire VCSE Assembly Ltd**
**Notes to the Financial Statements - continued for the Year Ended 30 June 2023**
## **2. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY**
Asset lives
Included within fixed assets are assets and the useful lives of these assets are estimated.
## **3. DONATIONS AND LEGACIES**
|2023
£
Grants
235,516
**4.**
**CHARITABLE ACTIVITIES COSTS**
Support
Direct
costs (see
Costs
note 5)
£
£
Charitable activities
268,924
15,338
**5.**
**SUPPORT COSTS**
Governance
Management
costs
£
£
Charitable activities
12,453
2,885|2022
£
326,276|
|---|---|
||Totals
£
284,262
Totals
£
15,338|
## **6. NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
||2023|2022|
|---|---|---|
||£|£|
|Auditors' remuneration|2,885|2,700|
|Depreciation - owned assets|-|437|
## **7. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 30 June 2023 nor for the year ended 30 June 2022.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 30 June 2023 nor for the year ended 30 June 2022.
continued...
Page 14
**Northamptonshire VCSE Assembly Ltd**
## **Notes to the Financial Statements - continued for the Year Ended 30 June 2023**
## **8. STAFF COSTS**
The average monthly number of employees during the year was as follows:
|Support
No employees received emoluments in excess of £60,000.
**9.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**EXPENDITURE ON**
**Charitable activities**
Charitable activities
Other
**Total**
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**10.**
**TANGIBLE FIXED ASSETS**
**COST**
At 1 July 2022 and 30 June 2023
**DEPRECIATION**
At 1 July 2022 and 30 June 2023
**NET BOOK VALUE**
At 30 June 2023
At 30 June 2022|2023
2022
3
4
Unrestricted
fund
£
326,276
353,371
766
354,137
(27,861)
115,669
87,808
Computer
equipment
£
1,862
1,862
-
-|
|---|---|
continued...
Page 15
**Northamptonshire VCSE Assembly Ltd**
## **Notes to the Financial Statements - continued for the Year Ended 30 June 2023**
|**11.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Tax
**12.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Social security and other taxes
Accrued expenses
**13.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**TOTAL FUNDS**|2023
2022
£
£
626
351
2023
2022
£
£
1,430
(13)
5,230
-
2,885
2,700
9,545
2,687
Net
movement
At
At 1/7/22
in funds
30/6/23
£
£
£
87,808
(48,746)
39,062
87,808
(48,746)
39,062
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
235,516
(284,262)
(48,746)
235,516
(284,262)
(48,746)|
|---|---|
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Net
movement
At 1/7/21
in funds
£
£
115,669
(27,861)
115,669
(27,861)|At
30/6/22
£
87,808
87,808|
|---|---|---|
continued...
Page 16
**Northamptonshire VCSE Assembly Ltd**
## **Notes to the Financial Statements - continued for the Year Ended 30 June 2023**
## **13. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
326,276
326,276|Resources
Movement
expended
in funds
£
£
(354,137)
(27,861)
(354,137)
(27,861)|
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
|||Net||
|---|---|---|---|
|||movement|At|
||At 1/7/21|in funds|30/6/23|
||£|£|£|
|**Unrestricted funds**||||
|General fund|115,669|(76,607)|39,062|
|**TOTAL FUNDS**|115,669|(76,607)|39,062|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
561,792
561,792|Resources
Movement
expended
in funds
£
£
(638,399)
(76,607)
(638,399)
(76,607)|
|---|---|---|
continued...
Page 17
**Northamptonshire VCSE Assembly Ltd**
## **Notes to the Financial Statements - continued for the Year Ended 30 June 2023**
## **14. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 30 June 2023.
Page 18
**Northamptonshire VCSE Assembly Ltd**
## **Detailed Statement of Financial Activities for the Year Ended 30 June 2023**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Grants
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Travel
Project delivery
Sub contract support staff
Marketing
Software licence
Subscriptions
Telephone
Bank charges
Irrecoverable VAT
Training
Participant expenses
**Support costs**
**Management**
Insurance
Postage and stationery
Rent
Accountancy
Computer equipment
**Governance costs**
Auditors' remuneration
Legal fees
Fines
Total resources expended
**Net expenditure**|2023
£
235,516
235,516
431
134,641
121,396
10
1,050
1,801
170
126
9,299
-
-
268,924
1,240
27
10,125
1,061
-
12,453
2,885
-
-
2,885
284,262
(48,746)|2022
£
326,276
326,276
328
217,125
95,987
1,461
6,300
1,473
148
99
9,004
782
1,100
333,807
1,225
74
13,281
599
437
15,616
2,700
1,714
300
4,714
354,137
(27,861)|
|---|---|---|
This page does not form part of the statutory financial statements
Page 19