Charity Registration No. 1161144 Company Registration No. CE003831 (England and Wales)
WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | Mrs H Bailey (secretary) |
|---|---|
| Mr R Batstone | |
| Mr G Beith (chairman) | |
| Mr I Griffiths (treasurer) | |
| Mrs J T Hannaby | |
| Mr D Parry | |
| Dr C Walters | |
| Mr C Warwick | |
| Dr D Wise | |
| Ms K Morgan | |
| Mr J Leggott | |
| Mr J Cox | |
| Mr K Jones | |
| Mr TR Phillips | |
| Mrs Laura Hubbard | |
| Mr J Brockbank-Gash | |
| Charity number | 1161144 |
| Company number | CE003831 |
| Principal address | 16 Market Place |
| Wantage | |
| Oxfordshire | |
| OX12 8AE | |
| Independent examiner | Chapman Worth Limited |
| 2 The Old Estate Yard | |
| High Street | |
| East Hendred | |
| Wantage | |
| Oxfordshire | |
| OX12 8JY |
WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 5 |
| Independent examiner's report | 6 |
| Statement of financial activities | 7 |
| Statement of financial position | 8 |
| Notes to the financial statements | 9 - 16 |
WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their report and accounts for the period ended 31st March 2024.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with Wantage Independent Advice Centre Governance and Management Policies Manual, the Charities Act 2011 and “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 2015)”.
Objectives and activities Mission Statement
Wantage Independent Advice Centre also trading as Vale Community Impact works at the heart of the local community and is dedicated to serving those in need of Advice, Transport or Good Neighbour services. Consideration for volunteer and client welfare is the foundation of everything we do. We strive to be the best notwithstanding limitations of budget, space and other resources.
Object
The object of the CIO is:
The relief of those in need, for any reason including but not limited to ill health, disability, financial hardship, social exclusion.
For the purpose of this clause ‘social exclusion’ means being excluded from society, or parts of society, as a result of one of more of the following factors: unemployment; financial hardship; youth or old age; ill health (physical or mental); substance abuse or dependency including alcohol and drugs; discrimination on the grounds of sex, race, disability, ethnic origin, religion, belief, creed, sexual orientation or gender re-assignment; poor educational or skills attainment; relationship and family breakdown; poor housing (that is housing that does not meet basic habitable standards; crime (either as a victim of crime or as an offender rehabilitating into society).”
The object will be met by the provision of services as set out below for the benefit of the Vale of White Horse area.
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An advice and information service
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A transport service
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A Good Neighbour service
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Other services, provided from time to time, which are deemed appropriate and in accordance with the stated charitable objective.
Nothing in this constitution shall authorise an application of the property of the CIO for the purposes which are not charitable.
During the year, Wantage Independent Advice Centre also trading as Vale Community Impact has carried out its public benefit duty and its duty with regard to the objectives of the charity. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
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WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2024
Plan 2024 – 2025
Strategic and Core Activities:
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Maintain the provision of free advice services to all Vale residents including advice in the core areas of debt, employment, finance, housing, energy, family, law and health.
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Maintain the volunteer transport service assisting those in need to get to all important health and wellbeing related appointments.
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Maintain our good neighbour scheme which plays a core role in combatting isolation and loneliness across The Vale.
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Develop and maintain close contact with elected Councillors to ensure the Advice Centre maintains a high profile
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Maintain and expand our outreach plan to address increasing levels of social isolation and loneliness; taking advice and support into community spaces
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Enhance existing process to better understand, evaluate & share the financial and emotional wellbeing outcome values to our clients
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To extend the climate strategy to fully incorporate the support required by vulnerable, disadvantaged and marginalised residents whilst matching strategies of potential funders
Finance, Funding & Grants:
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Achieve service deliverables and achieve targets in line with the District and County Council grants for Advice and Transport Services.
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Continue to identify and explore additional funding avenues to include both core and project related revenue opportunities - to include both local and national funders with increased focus on core funding & sustainability.
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Manage finances within budget and in accordance with the reserves policy aiming to achieve a balanced budget.
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Continue to explore ways to achieve utilisation of Crab Hill development S106 monies which are assigned to VCI for relevant, eligible project funding.
Operational:
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Conduct client satisfaction surveys. Results to be submitted to the Vale of White Horse District Council via SLA target reporting.
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Attend mid-year and annual review meetings with District Council’s Community Enablement team, review targets and performance to targets
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Support and train staff and volunteers to maintain continuous service improvement
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Hold an Annual General Meeting in accordance with the Constitution
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Maintain a safe working environment
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Continue with the ongoing recruitment campaign for more volunteers in all areas. Seek to find volunteers who can assist in training, data analysis and fundraising and over time expand trustee base to include vice chair and deputy treasurer roles
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WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2024
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Provide support, governance guidance and broad assistance to other charities and local community groups in their endeavours to offer help to residents of the Vale of White Horse – signposting our clients where appropriate and collaborating with others where at all possible.
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To be recognised as a valuable source of knowledge and for our of wealth of experience to be understood so as to ensure funders and grant givers are aware of real, local needs and challenges during a period of significant change and instability.
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Continue to work with our IT support company to make sure we stay up to date and systems are fit for purpose. This to include continued use of virtual and “cloud” based systems
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Continue to develop our tailored, in-house software and a CRM system for all three services to manage future growth efficiently
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Keep paid staffing levels under review – to include both pay review and also level / numbers of required staffing during the Cost of Living crisis demands for clients, the organisation and internal resources.
Achievements during 2023 – 2024
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Continued to deliver process improvements as the landscape moved from the cost of living crises
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Continued as a District Council partner for the delivery of central government Household Support initiatives
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Maintained a relationship with the County Council as a Tier 2 partner for the Residents’ Support Scheme
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Targeted specific residents’ needs with tailored projects relating to missing benefits entitlements including Pension Credit
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Developed a revised framework for Income Generation activity with recruitment of a focussed resource delivering Q4 grant income and a pipeline ready for 2024/25 execution
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Helped local charities & organisations with governance support
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Continued to attend and speak at seminars and conferences to give our first-hand experience & advice on how funders can best help support groups & charities through the cost of living crisis
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WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2024
Financial Review
The charity ended the year with a deficit of £14,144. At the end of the year the charity has achieved a level of reserves of £189,524 which includes designated funds of £3,721. The Trustees aim to set aside an unrestricted reserve of 12 months running costs to be regularly reviewed and adjusted for any changing liabilities.
The Charity’s funds come largely from local government and performance related grants however donations are also received.
Structure, governance and management
We are a Charitable Incorporated Organisation registered with the Charities Commission for England and Wales. The charity was established by a charitable trust deed on 1[st] April 2015. Wantage Independent Advice Centre commenced trading on the 1st January 2016 and adopted the additional “trading as” name of Vale Community Impact, VCI, from November 2020.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Hon. Chairman Graham Beith Hon. Vice Chairman N/A Hon. Treasurer Ian Griffiths Hon. Secretary Helen Bailey (resigned Nov ’24) Jenny Hannaby Cllr Keith Jones(from April 23) John Leggott Cllr James Cox (from May 23) Chris Warwick David Wise Cllr Ron Batstone Cllr Kimberley Morgan Cllr David Parry (resigned July 23) Cllr Christine Walters Toby Phillips (from September 23) Laura Hubbard (from Nov ’23, resigned Dec ’24) Jason Brockbank-Gash (from January 24)
*Nominated Trustees as representatives of local Councils
**Nominated Trustee as representative of VWHDC until May ’23, subsequently as an Elected Trustee
All new committee members, either elected at the AGM or co-opted during the year, shall complete an induction process as listed below. The induction will be conducted by the Chairman or other Officers or, where appropriate, by Operations Management.
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Completion of personnel file including contact details & signed confidentiality agreement
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Overview of the WIAC, its history and current activities and objectives
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Overview of WIAC finances including principal funders, annual budget and anticipated capital projects
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Introduction to Officers, Committee Members and Operations Management
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Review of key roles and responsibilities
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Review of WIAC policy documents
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Completion of the Register of Members’ interests
New members will be given the following documents on joining:
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Copy of the Constitution
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Copy of the most recent Annual report
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Minutes of Committee meetings for the previous 12 months
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Calendar of Committee meeting dates for the current year
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WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNrrY IMPACT TRUSTEES, REPORT (coKfiNUED)(INCLUDING DIRECTORS, REPORn FOR THE YEAR ENDED 31 MARCH 2024 Aknli) EM(45) oknii) 7•vJ(l) Th• Tru•t•e• A•••••od th• m* to dmrfty li •xpowd and arn tht y•t•m ar• In Chdrm•n
WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WANTAGE INDEPENDENT ADVICE CENTRE I report on the fflntrtlal staternents ofthe chwty fiy )weThJod 31 Marth 2024. are 8¢t out on pag0s 7 10 16. R•8P•Ctlv• r•Aponslbllttl•s of tru•t•w Ind •x•rnln•r The charity's trustees. are also directors ol Wantago INpeNJ6nt Ndvic8 Centre for the purposes of company law. a¥8 responsib for Ihe preparatTr of the financiBI stst8meTht$. The trustees C4)n5idgr that an Budrt is not r¢qiJtrnd for thi5 year wder 8ecb.on 144121 ol the Char¥li•sAct 2011 (the 2011 A¢tl and Ihat w Sndewndertt •xarninalion is naedgd. Having sotisfd my tho1 Ihe chaiity is under c(fftpany ar•J Is for irKhpgndl eX8minalion.11 is my ro$ponsknihty lo.. examin• the finanoal statements under 145 ofth• 2011 Act.. lill to folk)w Ihe proKeduTes laid drf4¥n in Dir•cbMs given by Ihg Chaty cornm)n under s•etKJn 1451Sllbl of th• 2011 Acl.. aThJ liiil to st8ts whelher parb¢uL•r mallers hm lo my attMtion. Bash of Ind•p•nd•nt •MmSn•rfs T•Wt My 8xamThgbon was carri•d in accordance 1h Ihe S8181 Diredions gi by the Charty Commls$k)n. An •xamlnakn Includes a r8we of Ihe accounting records kepl by the chanty and 8 Mp8$0 of the financ14 statements prosentd with those records. 11 also Int$ ¢onsKlorab"on tsf any unusual it8m8 or discbsures in t rinancial $18tements, and $eeking •xt48nations Ircffj you 08 trustoes corumiNJ any such fflatters. Thg wo¢edur•s undertaken do not provido all Ihe ovthfi¢o Ihal be required in an audit &nd ¢M$0quonY no cpinion is given as to whether th• finarKial 5tal8manls a 'Ir )d f•ir vithv. and th• r•F4)rt is limit•d to thoM mattèrs set yJt in the next 918lemenL Ind•p•nd•nt •xafflln•f¥ •¢•¢•m•nt In connec.0 wilh rny examin)kn, no manor has m to my attent. lal which gi¥05 rn8 reasonab caus• to that in any rrthial respect Ihg rgqulrements.. 151 10 kw 8ccountlng rer in 8cc(d8nco sectbjn 386 of the ¢Pani A¢t 20C6' and Illl lo prepar8 finar181 Statements %vhid) accord wrilh the ac£ounting reoyds. Comply with th• aruntIng reouiremonls ol seclK•n 396 01 the Componies Act 2(6 and wilh the rn8lhc>Js and prfnrypl86 of Ihe Slaternent of PrneiK•.' ActthU R•portiry by Chwttkn•', h8v• nol been met cf Ibl lo whlch, In my opSnKJn. attenlion bo dr•*n In to enabl• a pr(yr urthr8laThJlng ol Ih? Ilnanciul 51at8ments to 8(thd. ACh8prnan FCA Chapman Worth Limited 2 The Oh4 Est81e Yard High Street Ea$1 Hondrad Waniage Oxfordshi OX12 &lY Dated..
WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
| Unrestricted Unrestricted funds funds general designated 2024 2024 Notes £ £ Income from: Donations and legacies 3 110,312 40,200 Charitable activities 4 56,344 - Investments 5 8,210 - Total income 174,866 40,200 Expenditure on: Raising funds 6 2,280 1,000 Charitable activities 7 190,451 35,479 Total expenditure 192,731 36,479 Net expenditure for the year/ Net movement in funds (17,865) 3,721 Fund balances at 1 April 2023 203,668 - Fund balances at 31 March 2024 185,803 3,721 |
Total Unrestricted Unrestricted funds funds general designated 2024 2023 2023 £ £ £ 150,512 124,877 890 56,344 38,784 - 8,210 3,352 - 215,066 167,013 890 3,280 11,524 - 225,930 199,773 2,890 229,210 211,297 2,890 (14,144) (44,284) (2,000) 203,668 247,952 2,000 189,524 203,668 - |
Total 2023 £ 125,767 38,784 3,352 167,903 11,524 202,663 214,187 (46,284) 249,952 203,668 |
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
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WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNrrY IMPACT STATEMENT OF FINANCIAL P081TION ASAT31 AIARCH2024 12 11359 181017 Cash at bank and In h•nd 214.057 19(276 218,150 Crndllorn: qmpunts f•llry du• Thlthkn 13 (4.752) {14,482) 189B4 In¢tyM thnd• 247 34,197 191.000 189A24 Th• 00mnY b •ntlO•d k> th• •xthptkn frnm the audlt l•ql•M• n1•Ird In 477 oflh• Comwnl•• 2W forth• r PJKl•d 31 March 20X Th• dkothrl 1hk'r•W)MbII1Ilos for ry)MIn9 wllh tho requlrwwrt• of th• comp1 Act 21106 to the tt*mpBni81 rog1Th. Mr1 ¢3rffflth•
WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
1 Accounting policies
Charity information
Wantage Independent Advice Centre is a private company limited by guarantee incorporated in England and Wales. The registered office is .
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's [governing document], the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The accounts have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Designated funds are reserves set aside by the trustees for a particular project.
1.3 Incoming resources
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
1 Accounting policies
(Continued)
1.4 Resources expended
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
Charitable activities include expenditure associated with meeting the charitable objectives.
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities.
Governance cost include those incurred in the governance of the charity and its assets and are primarily associated with constitutional and statutory requirements.
1.5 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.6 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
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WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
1 Accounting policies
(Continued)
1.7 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Income from donations and legacies
| Unrestricted Unrestricted funds funds general Designated 2024 2024 £ £ Donations and gifts 15,912 - Government grants 94,400 40,200 110,312 40,200 Donations and gifts Donations from Parish Councils 1,090 - Other donations received 14,822 - 15,912 - |
Total Unrestricted Unrestricted funds funds general Designated 2024 2023 2023 £ £ £ 15,912 26,177 - 134,600 98,700 890 150,512 124,877 890 1,090 585 - 14,822 25,592 - 15,912 26,177 - |
Total 2023 £ 26,177 99,590 |
|---|---|---|
| 125,767 | ||
| 585 25,592 |
||
| 26,177 |
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WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
| Income from donations and legacies Unrestricted Unrestricted funds funds general Designated 2024 2024 £ £ Grants receivable for core activities Vale of White Horse District Council 58,000 - Oxfordshire County Council - 20,300 Wantage Town Council 12,000 - Faringdon Town Council - - Grove Parish Council 3,000 - OCF Col Grant - 9,900 TVP & Crime Commissioner’s Community Fund 5,000 - CWGS & HSF Admin Grants 3,600 - Food & Warmth 5,000 - OCC - Restricted Transport - 10,000 Other 7,800 - 94,400 40,200 Charitable activities Transport fares Miscellaneous Rental income |
Total Unrestricted Unrestricted Total funds funds general Designated 2024 2023 2023 2023 £ £ £ £ (Continued) 58,000 58,000 - 58,000 20,300 10,000 890 10,890 12,000 11,000 - 11,000 - 2,000 - 2,000 3,000 3,000 - 3,000 9,900 - - - 5,000 - - - 3,600 8,700 - 8,700 5,000 - - - 10,000 - - - 7,800 6,000 - 6,000 134,600 98,700 890 99,590 2024 2023 £ £ 40,628 29,464 1,716 320 14,000 9,000 56,344 38,784 |
Total Unrestricted Unrestricted Total funds funds general Designated 2024 2023 2023 2023 £ £ £ £ (Continued) 58,000 58,000 - 58,000 20,300 10,000 890 10,890 12,000 11,000 - 11,000 - 2,000 - 2,000 3,000 3,000 - 3,000 9,900 - - - 5,000 - - - 3,600 8,700 - 8,700 5,000 - - - 10,000 - - - 7,800 6,000 - 6,000 134,600 98,700 890 99,590 2024 2023 £ £ 40,628 29,464 1,716 320 14,000 9,000 56,344 38,784 |
|---|---|---|
| 99,590 | ||
| 2023 £ 29,464 320 9,000 |
||
| 38,784 |
3 Income from donations and legacies
4 Charitable activities
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WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
5 Income from investments
| 6 7 |
Unrestricted Unrestricted funds funds 2024 2023 £ £ Interest receivable 8,210 3,352 Raising funds Unrestricted Unrestricted Total Unrestricted funds funds funds general designated general 2024 2024 2024 2023 £ £ £ £ Fundraising and publicity Marketing 2,280 1,000 3,280 11,524 2,280 1,000 3,280 11,524 Expenditure on charitable activities 2024 2023 £ £ Direct costs Staff costs 112,828 106,254 Good neighbour expenses 4,635 5,098 Volunteer and staff expenses 6,992 5,486 Driver reimbursements 27,989 22,554 Hardship fund 205 877 Other charitable expenditure 5,353 2,062 Connected communities CFO pop up 2,136 - OCF cost of living 846 - Food and warmth 2,343 - 163,327 142,331 Share of support and governance costs (see note 8) Support 62,603 60,332 225,930 202,663 Analysis by fund Unrestricted funds - general 190,451 199,773 Unrestricted funds - Designated 35,479 2,890 225,930 202,663 |
Unrestricted Unrestricted funds funds 2024 2023 £ £ Interest receivable 8,210 3,352 Raising funds Unrestricted Unrestricted Total Unrestricted funds funds funds general designated general 2024 2024 2024 2023 £ £ £ £ Fundraising and publicity Marketing 2,280 1,000 3,280 11,524 2,280 1,000 3,280 11,524 Expenditure on charitable activities 2024 2023 £ £ Direct costs Staff costs 112,828 106,254 Good neighbour expenses 4,635 5,098 Volunteer and staff expenses 6,992 5,486 Driver reimbursements 27,989 22,554 Hardship fund 205 877 Other charitable expenditure 5,353 2,062 Connected communities CFO pop up 2,136 - OCF cost of living 846 - Food and warmth 2,343 - 163,327 142,331 Share of support and governance costs (see note 8) Support 62,603 60,332 225,930 202,663 Analysis by fund Unrestricted funds - general 190,451 199,773 Unrestricted funds - Designated 35,479 2,890 225,930 202,663 |
|---|---|---|
| 11,524 | ||
| 2023 £ 106,254 5,098 5,486 22,554 877 2,062 - - - |
||
| 142,331 60,332 |
||
| 202,663 | ||
| 199,773 2,890 |
||
| 202,663 |
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WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
8 Support costs
| Support costs | ||
|---|---|---|
| Support costs Governance costs £ £ Rent 20,160 - Utilities 6,545 - IT support/upgrade 17,990 - Maintenance and repairs 4,310 - Photocopier 2,108 - Cleaner 3,214 - Bank charges 1,942 - Subscriptions 2,554 - Printing and stationery 1,505 - Insurance 2,275 - 62,603 - Analysed between Charitable activities 62,603 - |
2024Support costs Governance costs £ £ £ 20,160 20,160 - 6,545 6,555 - 17,990 15,349 - 4,310 2,977 - 2,108 2,046 - 3,214 3,407 - 1,942 1,500 - 2,554 3,092 - 1,505 3,076 - 2,275 2,170 - 62,603 60,332 - 62,603 60,332 - |
2023 £ 20,160 6,555 15,349 2,977 2,046 3,407 1,500 3,092 3,076 2,170 |
| 60,332 | ||
| 60,332 |
There were no fees charged by the accountants for the independent examination of these or the 2023 accounts.
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WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
9 Trustees
None of the trustees (or any persons connected with them) received any remuneration, expenses or benefits from the charity during the year. There were no donations from trustees (2023 £0).
10 Employees
The average monthly number of employees during the year was:
| Employment costs Wages and salaries |
2024 Number 7 2024 £ 112,828 |
2023 Number 7 |
|---|---|---|
| 2023 £ 106,254 |
There were no employees whose annual remuneration was more than £60,000.
11 Taxation
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. 12 Debtors
| Debtors | ||
|---|---|---|
| Amounts falling due within one year: Trade debtors Other debtors Creditors: amounts falling due within one year Other taxation and social security Trade creditors Other creditors |
2024 £ 3,600 7,659 11,259 2024 £ 2,095 1,426 1,231 4,752 |
2023 £ 91 4,002 |
| 4,093 | ||
| 2023 £ 2,091 1,631 10,760 |
||
| 14,482 |
13 Creditors: amounts falling due within one year
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WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
14 Unrestricted funds - Designated
These are unrestricted funds which are material to the charity's activities.
| At 1 April | Incoming | Resources | At 31 March | |
|---|---|---|---|---|
| 2023 | resources | expended | 2024 | |
| £ | £ | £ | £ | |
| - | 40,200 | (36,479) | 3,721 | |
| Previous year: | At 1 April | Incoming | Resources | At 31 March |
| 2022 | resources | expended | 2023 | |
| £ | £ | £ | £ | |
| 2,000 | 890 | (2,890) | - | |
| Analysis of net assets between funds | ||||
| Unrestricted | Unrestricted | Total | ||
| funds | funds | |||
| general | Designated | |||
| 2024 | 2024 | 2024 | ||
| £ | £ | £ | ||
| At 31 March 2024: | ||||
| Current assets/(liabilities) | 185,803 | 3,721 | 189,524 | |
| 185,803 | 3,721 | 189,524 | ||
| Unrestricted | Unrestricted | Total | ||
| funds | funds | |||
| general | Designated | |||
| 2023 | 2023 | 2023 | ||
| £ | £ | £ | ||
| At 31 March 2023: | ||||
| Current assets/(liabilities) | 203,668 | - | 203,668 | |
| 203,668 | - | 203,668 |
15 Analysis of net assets between funds
16 Related party transactions
There were no disclosable related party transactions during the year (2023 - none).
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