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2025-03-31-accounts

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 2025

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)
Mrs L Boler
Mr J Brockbank-Gash
Mr J Cox
Mr I Griffiths (Treasurer)
Mrs J Hannaby
Mrs L Hubbard
Mr K Jones
Mr J Leggott
Ms K Morgan
Mr P O’Leary
Mr T Phillips
Dr C Walters
Mr C Warwick
Dr D Wise
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 - 18

WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 MARCH 2025

The trustees present their report and accounts for the period ended 31st March 2025.

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.

  1. An advice and information service

  2. A transport service

  3. A Good Neighbour service

  4. 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.

WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2025

Plan 2025 – 2026

Strategic and Core Activities:

Finance, Funding & Grants:

Operational:

WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2025

Achievements during 2024 – 2025

WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2025

Financial Review

The charity ended the year with a deficit of £27,253. At the end of the year the charity has achieved a level of reserves of £162,271 which includes designated funds of £10,755. 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) Ron Batstone Cllr Keith Jones Jenny Hannaby Cllr Chris Walters John Leggott Cllr Kimberley Morgan Toby Phillips Chris Warwick Lesley Boler (from Feb '25) Cllr Patrick O'Leary (from Feb '25) Laura Hubbard (resigned Dec ’24) Cllr James Cox* (resigned Feb '25) David Wise (resigned Feb '25) Jason Brockbank-Gash (resigned June '25)

*Nominated Trustees as representatives of local Councils

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.

New members will be given the following documents on joining:

WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2025

Organisation Structure

The Trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to risks.

The trustees' report was approved by the Board of Trustees.

..............................

Chairman Dated: .............. 10/10/2025 ....

WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WANTAGE INDEPENDENT ADVICE CENTRE I report to the trustees on my ex¥ninatK>n ol the finarwl $tslem8nts of W8nt•ge Irnd•nt AdvKe Centrg1th0 charity) for Ihfr year ended 31 Marth 2025. R••ponslbllrtl•• Ind basis ol report As the trnstees ol Ihe chanty18nd al$0 rt• dw•dor5 lor th• purpoms of ci¥np8ny lThil, you •r• ff¥wn¥bl• for t Pfeparabon of Ihe finan¢￿ sl•lom•nts in accord¥n￿ ryth requwgnwnts Oft￿ CLYnpan￿lAC¢ 2006. Having satIsf￿d myself that Ihfr finaThoal 8lalem•nts of th• tharity are nol reqUI￿d to be audrtod under Port 16 of the compan￿ Ad 2006 and are ¢14ibkn for ￿dependen1 ex0mi￿1￿1fi, I r•port in reEped of my examination of th• tharity'5 financial $lalem•nts carrd out und¢r s•¢bon 145 of the CharitK8$kt 2011. In carrying out my •xaminal I have followed Ihe Oire¢tson$ given by the Charity Commiss￿￿ undef se¢bon 14515llbl ol the Charits0sA¢t 2011. Ind•p•nd•nt •x•mln•rf• •t•l•m•ht I hove ￿mpL•led rny examination. I confwm Ihal ffl•tt•r• h•¥• CA)m• to my atten1￿ in c•nn•ction wrth th• •xamInat￿n giVtn9 m• cause lo bel￿￿ that in any m•t•nal resped. accounting r•conl$ were not kopl in reswd of Ihe chanty a$ r•quir•d by Mction 386 of the Compan1•• Act th• financial 51ot•m•nls do not aecwd wth thM• r•wds." of th• finanaal 8tst¢m•nts do not CoM￿Y ￿1h Ihe •crA)Untiw require￿nIS off wcb"¢)n 396 of Ihe Cornp¥n￿ Act ?OC6 oth&r than any wuirerrnt Ihat Ihe financaal $tstw•nts gN• * fair ¥iew. 18 not a m4tt•r n9￿•re￿ 0$ p•rt of an Independent ex•min¥l￿n. or th• financi818tst•m•nti ha￿ [￿t b¢•n pr•p•r•d in accordanc• wth lh• m•thods and prin￿p￿S of the Stat•m•nl of Rgwnm¢nded Prncthc• for a￿l￿nb"r￿j •nd r•poiting by th8nb•s appI#b￿ lo choriti•J prepanng th•ir financkng15tat•m•fits in •¢t¢rdnr wilh th• FIn4rKI￿ R•porkng St•nd•rd •pplKabl• in th• UK and Republic of Ir¢l•nd IFRS 1021. I haw no eoncern$ •nd hm c<•n• no othw m•trn in c4)ftn•d￿jn wilh th• •x•miTr•tK)n to atteTrlK)n shoulj h drthvn in this report ¢n ord•r lo •n•bl• • prcw under•t•ndmg of th• financwl Jlalwmnts to b• r•iched. Ann• Chiprn•n FCA Ch•pman Worth Umlt•d 2 The Estat¢ Yard High Slreel E8S1 Hendred WantAgo Oxford5hire OX12 8JY Dal•'. -Igliolioif

WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted Unrestricted
funds
funds
general
designated
2025
2025
Notes
£
£
Income from:
Donations and legacies
3
124,559
28,424
Charitable activities
4
60,807
-
Other trading activities
5
2,139
-
Investments
6
9,100
-
Total income
196,605
28,424
Expenditure on:
Raising funds
7
1,231
1,573
Charitable activities
8
231,308
18,170
Total expenditure
232,539
19,743
Net outgoing resources
before transfers
(35,934)
8,681
Gross transfers between
funds
1,647
(1,647)
Net expenditure for the year/
Net movement in funds
(34,287)
7,034
Fund balances at 1 April 2024
185,803
3,721
Fund balances at 31 March
2025
151,516
10,755		 Total Unrestricted Unrestricted
funds
funds
general
designated
2025
2024
2024
£
£
£
152,983
110,312
40,200
60,807
56,344
-
2,139
-
-
9,100
8,210
-
225,029
174,866
40,200
2,804
2,280
1,000
249,478
190,451
35,479
252,282
192,731
36,479
(27,253)
(17,865)
3,721
-
-
-
(27,253)
(17,865)
3,721
189,524
203,668
-
162,271
185,803
3,721		 Total
2024
£
150,512
56,344
-
8,210
215,066
3,280
225,930
229,210
(14,144)
-
(14,144)
203,668
189,524

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.

WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

Notes
Current assets
Debtors
13
Cash at bank and in hand
Creditors: amounts falling due within
one year
14
Net current assets
The funds of the charity
Unrestricted funds - general
Unrestricted funds - Designated
16		 2025
£
4,834
194,055
198,889
(36,618)		 £
162,271
151,516
10,755
162,271		 2024
£
11,259
183,017
194,276
(4,752)		 £
189,524
185,803
3,721
189,524

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on ....... 10/10/2025 ..................

..............................

Mr I Griffiths Chairman

Company registration number CE003831 (England and Wales)

WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

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" 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)". 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.

WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

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.

WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

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
2025
2025
£
£
Donations and gifts
15,459
-
Grants
109,100
28,424
124,559
28,424
Donations and gifts
Donations from Parish
Councils
-
-
Other donations received
-
-
Other
15,459
-
15,459
-		 Total
Unrestricted Unrestricted
funds
funds
general Designated
2025
2024
2024
£
£
£
15,459
15,912
-
137,524
94,400
40,200
152,983
110,312
40,200
-
1,090
-
-
14,822
-
15,459
-
-
15,459
15,912
-		 Total
2024
£
15,912
134,600
150,512
1,090
14,822
-
15,912

WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

3
Income from donations and legacies
Unrestricted Unrestricted
funds
funds
general Designated
2025
2025
£
£
Grants
Vale of White Horse
District Council
60,000
-
Oxfordshire County
Council
-
-
Wantage Town Council
12,600
-
Lottery
20,000
-
Grove Parish Council
3,000
-
OCF Col Grant
-
-
OCC Advisory
-
17,907
OCC VCI Community
Transport Support Grant
-
5,000
Oxon Community
Foundation
-
591
Adrian Swire
10,000
-
OCC Restricted transport
-
-
TVP & Crime
Commissioner’s
Community Fund
-
-
Other
3,500
4,926
109,100
28,424		 Total
Unrestricted Unrestricted
Total
funds
funds
general Designated
2025
2024
2024
2024
£
£
£
£
(Continued)
60,000
58,000
-
58,000
-
-
20,300
20,300
12,600
12,000
-
12,000
20,000
-
-
-
3,000
3,000
-
3,000
-
-
9,900
9,900
17,907
5,000
-
5,000
5,000
3,600
-
3,600
591
-
-
10,000
-
-
-
10,000
10,000
-
5,000
5,000
8,426
7,800
-
7,800
137,524
94,400
40,200
134,600		 Total
Unrestricted Unrestricted
Total
funds
funds
general Designated
2025
2024
2024
2024
£
£
£
£
(Continued)
60,000
58,000
-
58,000
-
-
20,300
20,300
12,600
12,000
-
12,000
20,000
-
-
-
3,000
3,000
-
3,000
-
-
9,900
9,900
17,907
5,000
-
5,000
5,000
3,600
-
3,600
591
-
-
10,000
-
-
-
10,000
10,000
-
5,000
5,000
8,426
7,800
-
7,800
137,524
94,400
40,200
134,600
134,600

4 Charitable activities

Transport fares
Miscellaneous
Rental income		 2025
£
44,896
1,911
14,000
60,807		 2024
£
40,628
1,716
14,000
56,344

WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

5 Income from other trading activities

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Fundraising events 2,139 -

6 Income from investments

Interest receivable
Raising funds
Unrestricted
Unrestricted
funds
funds
general
designated
2025
2025
£
£
Fundraising and publicity
Marketing
1,231
1,573
1,231
1,573		 Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
9,100
8,210
Total
Unrestricted
Unrestricted
Total
funds
funds
general
2025
2024
2024
2024
£
£
£
£
2,804
2,280
1,000
3,280
2,804
2,280
1,000
3,280		 Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
9,100
8,210
Total
Unrestricted
Unrestricted
Total
funds
funds
general
2025
2024
2024
2024
£
£
£
£
2,804
2,280
1,000
3,280
2,804
2,280
1,000
3,280
Total
2024
£
3,280
3,280

7 Raising funds

WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

8 Expenditure on charitable activities

Direct costs
Staff costs
Good neighbour expenses
Volunteer and staff expenses
Driver reimbursements
Hardship fund
Other charitable expenditure
Connected communities CFO pop up
OCF cost of living
Food and warmth
Share of support and governance costs (see note 9)
Support
Analysis by fund
Unrestricted funds - general
Unrestricted funds - Designated		 2025
£
123,576
6,344
4,737
33,000
35
5,630
-
498
534
174,354
75,124
249,478
231,308
18,170
249,478		 2024
£
112,828
4,635
6,992
27,989
205
5,353
2,136
846
2,343
163,327
62,603
225,930
190,451
35,479
225,930

WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

9 Support costs

Support costs
Support
costs
Governance
costs
£
£
Rent
21,968
-
Utilities
7,735
-
IT support/upgrade
23,016
-
Maintenance and repairs
5,764
-
Photocopier
2,173
-
Cleaner
3,908
-
Bank charges
2,267
-
Subscriptions
4,513
-
Printing and stationery
1,230
-
Insurance
2,550
-
75,124
-
Analysed between
Charitable activities
75,124
-		 2025Support costs Governance
costs
£
£
£
21,968
20,160
-
7,735
6,545
-
23,016
17,990
-
5,764
4,310
-
2,173
2,108
-
3,908
3,214
-
2,267
1,942
-
4,513
2,554
-
1,230
1,505
-
2,550
2,275
-
75,124
62,603
-
75,124
62,603
-		 2024
£
20,160
6,545
17,990
4,310
2,108
3,214
1,942
2,554
1,505
2,275
62,603
62,603

There were no fees charged by the accountants for the independent examination of these or the 2024 accounts.

WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

10 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 (2024 £0).

11 Employees

The average monthly number of employees during the year was:

Total
Employment costs
Wages and salaries		 2025
Number
7
2025
£
123,576		 2024
Number
7
2024
£
112,828

There were no employees whose annual remuneration was more than £60,000.

12 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. 13 Debtors

Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
Creditors: amounts falling due within one year
Notes
Other taxation and social security
Government grants
15
Trade creditors
Other creditors
Accruals and deferred income		 2025
£
-
4,834
4,834
2025
£
401
26,212
4,524
981
4,500
36,618		 2024
£
3,600
7,659
11,259
2024
£
2,095
-
1,426
1,231
-
4,752

14 Creditors: amounts falling due within one year

WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

15 Government grants

Deferred income is included in the financial statements as follows:

Deferred income is included within:
Current liabilities
Movements in the year:
Deferred income at 1 April 2024
Resources deferred in the year
Deferred income at 31 March 2025		 2025
£
26,212
-
26,212
26,212		 2024
£
-
-
-
-

16 Unrestricted funds - Designated

These are unrestricted funds which are material to the charity's activities.

At 1 April At 1 April Incoming Resources Transfers At 31 March At 31 March
2024 resources expended 2025
£ £ £ £ £
3,721 28,424 (19,743) (1,647) 10,755
Previous year: At 1 April Incoming Resources Transfers At 31 March
2023 resources expended 2024
£ £ £ £ £
- 40,200 (36,479) - 3,721
Analysis of net assets between funds
Unrestricted Unrestricted Total
funds funds
general Designated
2025 2025 2025
£ £ £
At 31 March 2025:
Current assets/(liabilities) 151,516 10,755 162,271
151,516 10,755 162,271

17 Analysis of net assets between funds

WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

17 Analysis of net assets between funds (Continued)
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

18 Related party transactions

There were no disclosable related party transactions during the year (2024 - none).