CHARITY REGISTRATION NUMBER: 1175192
North East Rape and Sexual Violence Network Unaudited Financial Statements
31 March 2022
S J ACCOUNTING SERVICES (NE) LTD
North East Rape and Sexual Violence Network
Financial Statements
Year ended 31 March 2022
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Statement of financial activities | 3 |
| Statement of financial position | 4 |
| Notes to the financial statements | 5 |
North East Rape and Sexual Violence Network
Trustees' Annual Report
Year ended 31 March 2022
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2022.
Reference and administrative details
Registered charity name North East Rape and Sexual Violence Network Charity registration number 1175192 Principal office 22 Hoylake Road Middlesbrough TS4 3JL
The trustees
K McGarrity Dr S Griffiths L Hinde Prof N Westmarland P Dewell Accountants S J Accounting Services (NE) Ltd 3 Galava Walk Ingleby Barwick Stockton on Tees TS17 5JD
Structure, governance and management
North East Rape and Sexual Violence Network (NERSVN) is a Charitable Incorporated Organisation (CIO), incorporated on 17 October 2017 and is governed by it's constitution which was adopted on 17 October 2017. The CIO is administered by a management committee.
Objectives and activities
The Charity's objectives are to relieve the trauma and distress of victims of sexual abuse and their families, in particular through the provision of counselling, advice and support; to advance the education of the public in sexual assault and in the effects on the victim and their families.
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North East Rape and Sexual Violence Network
Trustees' Annual Report (continued)
Year ended 31 March 2022
Achievements and performance
As a network the North East Rape and Sexual Violence Network (NERSVN) brings together members from across the region whose substantive aim is to relieve the trauma and distress of victims /survivors who have experienced or been subject to rape or sexual violence/abuse.
During continuing Covid 19 restrictions NERSVN Trustees and members continued to meet remotely during this reporting period to discuss issues in line with furthering NERSVN aims and objectives in a post covid future.
With the easing of some Covid restrictions it was possible in June of this reporting period for NERSVN Trustees and representatives from its member organisations to come together in a Covid safe environment for the first time since March 2020. This took the form of a planning day, chaired and facilitated by Cullagh Warnock. Cullagh who specialises in grant-making, policy and project development kindly gave her time at no cost to the charity. The day was purposeful in consolidating NERSVN aims and objectives and in being able to examine and reaffirm the purpose and future direction of the network post covid and also in establishing a series of next steps that are timely and achievable for the network in furthering its aims and objectives.
As a first next step NERSVN is to develop an Infographic thus making full use of the network's website whilst enabling visitors to the website to readily and easily access and process the information therein.
NERSVN trustees and members took the opportunity to extend thanks to Paula Dewell who stepped down as a trustee during this reporting period. Paula's contribution and expertise were appreciated and valued by both the board of trustees and NERSVN members. Louise Wattis was warmly welcomed as a new trustee to the board who look forward to working alongside her.
Going forward NERSVN trustees remain committed to raising awareness of rape and sexual violence and its impact on women and girls.
Financial review
The results for the period are reflected in the Statement of Financial Activities in the accounts. The accounts for the year show a surplus of £1,198.
The reserves stand at £7,145, with all being free reserves.
The trustees' annual report was approved on 2[nd] November 2022 and signed on behalf of the board of trustees by:
L Hinde Trustee
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North East Rape and Sexual Violence Network
Statement of Financial Activities
Year ended 31 March 2022
| 2022 | 2021 | |||
|---|---|---|---|---|
| Unrestricted | ||||
| fundsTotal | funds | Total funds | ||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 4 | 2,000 | 2,000 | 2,000 |
| ----------------------- | ----------------------- | ----------------------- | ||
| Total income | 2,000 | 2,000 | 2,000 | |
| ======================= | ======================= | ======================= | ||
| Expenditure | ||||
| Expenditure on charitable activities | 5,6 | 802 | 802 | 457 |
| ----------------------- | ----------------------- | ----------------------- | ||
| Total expenditure | 802 | 802 | 457 | |
| ======================= | ======================= | ======================= | ||
| ----------------------- | ----------------------- | ----------------------- | ||
| Net income and net movement in funds | 1,198 | 1,198 | 1,543 | |
| ======================= | ======================= | ======================= | ||
| Reconciliation of funds | ||||
| Total funds brought forward | 5,947 | 5,947 | 4,404 | |
| ----------------------- | ----------------------- | ----------------------- | ||
| Total funds carried forward | 7,145 | 7,145 | 5,947 | |
| ======================= | ======================= | ======================= |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 5 to 9 form part of these financial statements.
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North East Rape and Sexual Violence Network
Statement of Financial Position
31 March 2022
| 2022 | 2021 | ||
|---|---|---|---|
| Note | £ | £ | |
| Current assets | |||
| Cash at bank and in hand | 7,495 | 6,297 | |
| Creditors: amounts falling due within one year | 9 | 350 | 350 |
| ----------------------- | ----------------------- | ||
| Net current assets | 7,145 | 5,947 | |
| ----------------------- | ----------------------- | ||
| Total assets less current liabilities | 7,145 | 5,947 | |
| ----------------------- | ----------------------- | ||
| Net assets | 7,145 | 5,947 | |
| ======================= | ======================= | ||
| Funds of the charity | |||
| Unrestricted funds | 7,145 | 5,947 | |
| ----------------------- | ----------------------- | ||
| Total charity funds | 10 | 7,145 | 5,947 |
| ======================= | ======================= |
These financial statements were approved by the board of trustees and authorised for issue on 2[nd] November 2022, and are signed on behalf of the board by:
L Hinde Trustee
The notes on pages 5 to 9 form part of these financial statements.
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North East Rape and Sexual Violence Network
Notes to the Financial Statements
Year ended 31 March 2022
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 22 Hoylake Road, Middlesbrough, TS4 3JL.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
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North East Rape and Sexual Violence Network
Notes to the Financial Statements (continued)
Year ended 31 March 2022
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
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North East Rape and Sexual Violence Network
Notes to the Financial Statements (continued)
Year ended 31 March 2022
3. Accounting policies (continued)
Financial instruments (continued)
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | |
| £ | £ | £ | £ | |
| Donations | ||||
| Donations | 2,000 | 2,000 | 2,000 | 2,000 |
| ======================= | ======================= | ======================= | ======================= |
5. Expenditure on charitable activities by fund type
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | |
| £ | £ | £ | £ | |
| Activity type 1 | 380 | 380 | 35 | 35 |
| Support costs | 422 | 422 | 422 | 422 |
| -------------- | -------------- | -------------- | -------------- | |
| 802 | 802 | 457 | 457 | |
| ============== | ============== | ============== | ============== |
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North East Rape and Sexual Violence Network
Notes to the Financial Statements (continued)
Year ended 31 March 2022
6. Expenditure on charitable activities by activity type
| Activities | ||||
|---|---|---|---|---|
| undertaken | Support | Total funds | Total fund | |
| directly | costs | 2022 | 2021 | |
| £ | £ | £ | £ | |
| Activity type 1 | 380 | – | 380 | 35 |
| Governance costs | – | 422 | 422 | 422 |
| -------------- | -------------- | -------------- | -------------- | |
| 380 | 422 | 802 | 457 | |
| ============== | ============== | ============== | ============== |
7. Staff costs
The average head count of employees during the year was Nil (2021: Nil).
No employee received employee benefits of more than £60,000 during the year (2021: Nil).
8. Trustee remuneration and expenses
- no remuneration or other benefits from employment with the charity or a related entity were received by the trustees; or
9. Creditors: amounts falling due within one year
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Accruals and deferred income | 350 | 350 |
| ============== | ============== |
10. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||||||
|---|---|---|---|---|---|---|---|---|
| At | ||||||||
| At | 31 | March | 20 | |||||
| 1 | April | 2021 | Income | Expenditure | 22 | |||
| £ | £ | £ | £ | |||||
| General funds | 5,947 | 2,000 | (802) | 7,145 | ||||
| ======================= | ======================= | ============== | ======================= | |||||
| At | ||||||||
| At | 31 | March | 20 | |||||
| 1 | April | 2020 | Income | Expenditure | 21 | |||
| £ | £ | £ | £ | |||||
| General funds | 4,404 | 2,000 | (457) | 5,947 | ||||
| ======================= | ======================= | ============== | ======================= |
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North East Rape and Sexual Violence Network
Notes to the Financial Statements (continued)
Year ended 31 March 2022
11. Analysis of net assets between funds
| Unrestricted | Total Funds | |
|---|---|---|
| Funds | 2022 | |
| £ | £ | |
| Current assets | 7,145 | 7,145 |
| ======================= | ======================= | |
| Unrestricted | Total Funds | |
| Funds | 2021 | |
| £ | £ | |
| Current assets | 5,947 | 5,947 |
| ======================= | ======================= |
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