Charity registration number.. 1177169 Involve - Voluntary Action in Mid Devon Annual Report and Financial Statements for the Year Ended 31 March 2024 WESTCOTTS ACCOUNTANT HiISIIIESS ADVI$ÉW5
Involve - Voluntary Action In Mid Devon Contents (continued) Trustees, R8PQrt 1to5 Independanl Examinerfs ReFort statement of Financial Activities Balance Sheet Notes to the Financial Ststemenls 9t020
Involve - Voluntary Action in Mid Devon Trustees, Report The truslees present the annual report together wi(h the financial statements of the charity for the year ended 31 March 2024. Reference and administratlve details Registered Charlty Name: Chailty Règistration Number: Principal Offlce: Involve Voluntsry Action in Mid Devon 1177169 Coggan's Well House ICHAT) Phoenix Lane Tiverton EX16 6LU Feliuly Jane (Pollyl Collhorpe (Appointed Chair Fgb 20241 Paul Munnery (Resyned Jun 241 Daisy Robin50n Dennis Knowles {Chair until Feb 2024} Nicole Summers {Resigned Feb 20241 Alison Padfield (Appointed Sep 20241 Weslcotls (SW LLP Timberfy South Street Axminsler EX13 SAD The trustees Independent Examiner: Structure. govemance and management The organisalh?n is a registered charity (sinco 1988) govemed by ils conslrtution wi(h trustee elected by the mèmbership. All assets were Iransfetred to the CIO as of November 18t 2018. ObJ&ctives and activltlo8 To support the efficiency and effectiveness and the effective use of charitable resources of third sector organisation8 in Mid Devon b. 1. Providing supwrt to assist in their good govemance. 2. Buikling their capacity through support, advice and information services. 3. Liaising wf(h and eo-ordinoling with them to provide charitable services to improve the lives of the citizen8 in Mid Devon. 4. Facililaling ccpoperalion and partnerships to promote their Services by bringing them together with public agencies and slalutory 8Uthoritie8 in Mid Devon. 5. Idenlfying gap8 in charitable setvices and supporting them lo fill those gaps. 6. Providing advocacy for them and their ultimate bengficiaries, particularly with rogard lo having their vie heard by policy makers, seryice providers and funders. 7. Malnlaining a database of their services and projects which banefil people in Mid Devon. Page 1
Involve - Voluntary Action in Mid Devon Trustees, Report {continued) In these objects the following definitions 8pply.' a}'Third sector organisatn$. means charities, voluntary organisalions and social enterprises. b)"Charfties" are organisation5 which are ostablished for exclusively charitable purposes in accordance with the law of England and Wales. Achievements and perfomwnc• In the year we have.. 11) Become active participants in the new Devon-wlde community platftsm Devon Connect along with our Devon Voluntary Action Partners. The platfom was launched in December 2021 and provides a one-stop shop for communities across Devon. InVoe provides the administratn and moderation for the Mid Devon Landing page. Specific to Mid Devon the plalfom has.. 124 memberslgroups H8S 8(fvertised 28 events 45 volunteering opportunrties Lists 51 community aclivilies. The platform has 3560 members in total with 1258 activrties all which can be accessed by Mid Devon residents. We participated in 3 volunteer campaigns Ma Devon Conned. {21 We maintained contact with 450 Voluntary and Community Organisations and projects lincrea5èd by 280h in one yearl based in. or dglivering services lo Mid Devon providing them th good practice guidance. 131 We supported 61 groups wrth in-depth 1..18LlPPOrt in the period April 23 - March 2024. 141 Ill the course Df this financial year, we held Health and Wellbeing Alliance meetings quarterfy in each of thè 3 main towns Icredilon. Cullomplon, Tivertonl including 70 community groups in total. We also facilfcaled a District wide Food Nefv40rk which met 3 limes. In al123 groups participated in these netsOrks and continued lo share information and produce via a Whats4pp group sel up to Support their work. The networks focus on understanding the gaps in their communities and 8xploring how to address those needs through greater partnership working and understanding. {51 Together with our Senior Community Development rolg w8 held 6 listening events in Cullomplon and 4 in Credilon during the year, wjth infomiation and collection of ideas and n8eds. 161 Pff)duced newsletters and eleGtroniG bulletin5 in partnership with Devon Voluntsry ActKJn as well as our own quarterfy newsl&ll8r. 171 Involve continued lo manage dedicated part-lime staff lo the main towns of Cullomplon and in Credilon this year in a community building role. These roles enhan our intelligence about the Communities we strNe to support and are also an on the ground resource for those local communities. They support the local community lo set up much needed groups and activities to fill locAI need. In 2023-24 our community builders: la} Established retired farmers groups in Credilon and Cullompton wrth over 30 members each. Ib) Set up breastfeeding gTOUPS for young mums. Icl Starting a peer support group for parents of SEN children. Idl Held Listening C8fes to hear whal local people want for their community. Pagg 2
Involve - Voluntary Action In Mid Devon Trustees, Report (continued) {el Provided f8ce-lo-face connections and social media promotions,. support lo local groups including wular newsletters and dedicated Facebook pages. (81 Our Community Connector role continued in Cullompton supporting the development of 'community friends. at ground level who provide peer support and signposting to services within the area by residents of Cullompton. Alongside this role we set of an on-line Community Directory hllps'.Ilcullomplon.involve-middevon.org.uk) incorwrating 32 organisations and their activities which is now regularly used by communrty members, soci81 prescribers, the local PCN and other groups. We also held information and training events for people interested in becoming a Friend. 191 Conllnued lo manage and deliver social prescribing support to Culm Valley Primary Care nefvlork through the employment of 3 social prescribers. These supported 269 wellbeing coordinator referrals helping people to find non-clinical solutions to improve their wellbeing with 3177 t¢l81 contacts over the year. 28 people enrolled on Hope courses in Mid Devon. 31 people enrolled on Hope courses in East Devon managed by Involve. 110) We also hosted the Voluntary Sector Representslive for Tiverton. 111} We coordinated a new Youth project In Cullomplon which was established in response to there being no regular co-ordinated under 18 youth provision for the area. Involve employs a senior community youth worker and two support workers lo run the growing club. We registered 57 young people duiing the year with." On average 15 attendanS per session Sports programs including boxing. yoga, Piceball, badminton, and frisbee. {121 Across all core service lines we directly engaged with 450 groups throu9houl the year. Devon People First Involve continued to host Devon People First, a semi-independent peer advocacy group for people th leaming drfficullies managed by a board of representative, a member of whom is a Truslefr of Involve. Devon People Flrst provides: Individual advocacy. The service 15 provided by a peer advocate followng an international model of working Vlctlm Support. funded through the Police and Crime Commissioner supports those who have been a victim of Crime. Funding increased this year and es a resuti 22 individuals have been supported this year. Beneficiaries of the service report 8n increase in self-esteem, sense ol empowemienl and their perceptions of safety, as well as having the Confidence lo partKipale in social acliviti'es which Is so often affected by being a victim of crime. Service User Engagement. facilitating and enabling particip*ion in a range of partnership and engagement meetings co-ordinated by Devon County Council ensuring that the views and petspeclives of people with learning difficulties are heard. We have 5UPPOrted 5 people lo participate in these meetings this year. We reached 2500 people with first contscts. The meetings include a C¢>Produclion Working Group. The aim of this group is lo change the CUUre in Devon County Council so that co-produdion is fundamentsl lo the commissioning cycle. One volunteer will join the working group. Devon People First and ils volunteers delivered 5 Co-production Awareness workshops for DCC commissioners, appropriate staff and strategic partne15, and 5 network meetings where eommissioners Ceive gupport on how to deliver new project5 using QProductIon. Page 3
Involve - Voluntary Action in Mid Devon Trustees. R8POrt (continued) We continued to deliver the successful online Friendship Groups. This project is a Devon Leaming Disability Partnership Board initiative lo help people wrth learning disabilities feel less lonely and isolated. The Friendship Groups ran we&kly all year for people wilh leafning disabilities in D¢vDn. Members of the groups have supported DCC through consullalions and some have &ven been on DCC interview panels wth our support. We currently have 70 members of the Friendship Groups with on average 10 10 12 attending each meeting Devon Peopk First achieved 492 Friendship Group attendances. Financial review During the period the Chartty rec9ived income of £162.21312023.' £297,224). Of this incomg £4,118 12023.. £160,353) was unrestricted 8nd £158,09512023.' £136.8711 was restricted. The Chariiy incurred expenditure of £215.20512023.' £185,192) during the year, of which £83,96412023.' £115,197) was unre5tricled and £131,241 12023.. £69,995) was restricted. At 31 st March 2024 the Charity had nel assets of £187,710 12023: £240.7011 of which £52.881 (2023-. £132,726) was unreslricled and £134,82912023.. £107.975) was restricted. Rèserves policy The Trustees are satisfied that the level of reserves as shown on the balance sheet are adequate lo cover known and anlicipaled costs in the short term. Reserves will be kept to eover mandatory redundancy pawnenls for staff and funds required to cover long lerni agreements as well as an agreed amount lo cover general running costs. Rlsk managèment Risks lo which the Charity is exposed are regularty reiriewed by the Trustees. The financial cOrdS of the charty are written up each month and a report of the position to dale reported to the Board. Each project is closely monitored lo assess the progres$ against budgeted income and costs. Internal risks are minimised by procedures which require authorisation of all transactions and projects and a system of regular supervision and appraisal to ensure consistent quality of delNery of all operational aspects of the charity. Publlc bonefit In pL8nning our activities for the y8ar w8 havg k8pt in mind the Charty Commission guidance on public benefrt. Page 4
Involve - Voluntary Action In Mid Devon Trustees, Report Icontinued) statement of trustees. responsibilities The trustees are responsible for proparing the Trustees, Annual Report and the financial slalements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practi. Company law requi$ the trustees lo prepare financial slalements for each financial year which give true and fair view of the slate of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure. of the charitoble company for that period. In preparing these financial ststemenls, the Iruslees are required to.. SeCt suitable accounting pol188 and then apply thern consi8tenlly,' observe the methods and pThnciples in the Charities SORP.. make judgements and estimates that are reasonable and prudent-, slate whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the fin8ncial slatemenls., and - preparg the financial slalemenls on the going concern b8sis unless (( i8 inappropriate lo presume that the charitable company will continue in owration. The Trusle¢s are responsible for keeping proper accounting records which disclose with reasonable accuracy al any time the financial p¢)srtion of the charitable company and which enable them to ensure that the financial slalemenls comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable step5 for the preventK)n and detection of fraud and other irregularities. Small company provlsSons This report has been prepared in accordance with the special provisions for small companies under Part 15 of the C(Impanies Act 2006. The truslee8' annual report was approved on .. .. nd signed on behaw of the board of J ffoltho Chairman Page 5
Involve - Voluntsry Action in Mid Devon Independent Examinerfs Report to the trustees of Involve - Voluntary Action in Mid Devon I report to the trustees on my examination of the accounts of Involve - Volunlary Action in Mid Devon for the year ended 31 March 2024. Responslbllltles and basis of report As the charity Iwslees of Invo - Voluntary Action in MKI Devgn you are responsible for th8 preparation of the accounts in acwrdance with the requirements of the Charitie5 Act 2011 I'the Adl. I report in respe¢l of my examinalion of the Involve- Voluntsry ActiDn in Mid Devon's accounts carried out under section 145 of the 2011 Acl and in carrying out my examination I have followed all the applicable Directions gNen by the Charity Commission under section 14515llbl of the Act. Independent examiner's statement I have completed my examination. I confimi that no materi81 rnatters have come to my attention in connection with the examination giving me cause lo believe that in any material respect.. 1. accounting records were not kept in respect of Invofve- Voluntary Adion in Mid Devon 88 requlred by section 130 of the Act., or 2. the accounts do not accord with Ih05e records., Of 3. the accounts do not comply with the accounting requirements concerning the form and content of 8c¢ounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination. I have no concerns and have come across no othgr matters in connection wlh the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mr S J Carringlon FCA, Independent Examiner For and on behalf of Weslcotts ISWI LLP Timberfy South Street Axminster Dgvon EX13 SAD Dale.. Page 6
Involve - Voluntary Action in Mld Dgvon Ststsment of Financial Activities for the Year Ended 31 March 2024 Unrestricted funds Restricted funds Totsl 2024 Total 2023 Note Income and Endowmgnts from., Charvcable activities Investment income 325 3,793 158,095 158,420 3,793 297,224 Total income 4,118 158,095 162,213 297.224 Expendlture on: Charitable aclNities {83.964) {131,241) 1215,2051 1185,192) 185,192 Total expenditure Net lexpendilurelfincome Net movement in funds {83.9641 {131,241 1215,205 9,846 26,854 52,992 112,032 {79.846) 26.854 (52,992) 112.032 Roconclllatlon of funds Total funds brought fOard Total fvnds carrled fONrd 13 132,727 107,975 240.702 128,669 52.881 134.829 187.710 240,701 All of the charity's activiligs derive from continuing operations during the above tsvo periods. The funds breakdown for 2023 is shown in note 13. The notes on pages 9 to 20 fom an integral part of these financial statements. Page 7
Involve - Voluntary Action in Mid Dovon (Registration number: 1177169) Balance Sheet as at 31 March 2024 2024 2023 Flxed 4880ts Tangible assets 10 9,151 8.003 Current assets Debtors Cash at bank and in hand 11 26.554 159.587 46.289 188,839 186,141 17,582) 235.128 CrnditOTS.' Amounts falling due within one year Nat current assets 12 12.4301 232,698 178.559 Net assots 187.710 240,701 Fund8 ofthè charfty: R•$tri¢ted Income fundg Rostrictgd funds 134.829 107,975 Unrestrlcted Income funds Unrestricted funds 52.881 132.726 Totsl funds 13 187,710 240,701 The financial statements on paga$ 7 to 20 were approved by the trustees, and authorised for issue on nd signed on their behalf by.. F J Colth Ch mian The notes on pages 9 to 20 fom an integral part of these financial statements. Page 8
Involve - Voluntary Action in Mid Devon Notes to tha Financial Statements for the Year Ended 31 March 2024 1 Ac¢ounting pollcles General Informatlon The charity 15 8 public benefit entity and a registered charity in England and Wales and is a chariiable incorporated organisalion. The address of the principal office is Coggans Well House, Phoenix Lane, Tiverton EX16 6LU. Statement of compliance The fin8ncial slalemenls have been prepared in accordance wl(h the second edrtion of the Charities Stslemenl of Recommended Practice issued in October 2019, the Financi81 Reporting Standard applicable in the United Kingdom and Republic of Ireland {FRS 1021 and the Chartties Act 2011. Basls of preparatlon Involve - Voluntary Action in Mid Devon meets the definition of 8 public benefrt enlty under FRS 102. The accounts Ifinancial slalemenls} have been prepared under the historical cost eonvenlion wf(h items recognised at cost or transaction value unless otheise stated in the relevant notelsl to these accounts. Golng concern The trustees consider that there are no material uncertainties about the charills ebility to continue as a going concern. Judgoments and key sources of eSmatIon uncertalnty 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 rewewed and are based on experien and other factors, induding expectations of future events that are believed to be reasonable under the circumstsnce8. Income and endowments All income is recognised once the Charity has entitlement to the income. il is probable that th? income will be received and the amount of the income receivable can be measured reliably. Donations and lggocles Donations are recognised when the charity has been notified in writing of both the amount and settlement dale. In the event that a donation is subject to condrtions that requiie a level of performance by the charty before the charty is entitled to the lunds, the income is deferred and not recognised until either those conditions are fulty mel, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that thes8 conditions will be fulfi118d in the reporting period. Legacy gifts are recognised on a case by case basis following the grant of probate when the adminislratorlexeculor for the estate has communicated in writing both the amount and settlement dale In the everbt that the gift is in the fom) of an asset other than $h or a financial asset Iraded on a recognised stock exchange. recognition is subject lo the value of the gift being reliably measurable wf(h a degree of reasonable accuracy and the lille to the asset hamng been transferred to the eharity. Page 9
Involve - Voluntary Action in Mid Devon Notes to the Financial Statements for the Year Ended 31 PJJarch 2024 (continued) Investment in¢omtr Dividends are rectsgnised once the divtsyend has been declared and nolrfication has been e1Ved of the dividend due. Expenditurn All expenditure is recognised once there is a legal or constructive obligation to that expenditure. i( is probable settlement is required and thè amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs lo that category. Where costs cannot be directly allribuled to particular headings they have been allocated ot) a basis consistènt with the use of resources, wrf(h central 51aff costs allocated on the basis of lime spent, and depreciation charges all¢)ealed on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Charitable activities Charitable expenditure comprlses those eosls incurred by the charty in the delNery of r(8 actNitS and services for ils beneficiaries. It includes both costs that can be allocated diredy lo such activities and Ihosg costs of an indired nature neSSary to SUPPOrt them. Support costs Support costs include central functions and have beèn allocated lo activity cost categories on a basis consislenl with the use of resources, for exarnp18, allocating property costs by floor areas, or per capita. staff costs by the lime spent and other costs by their usage. Taxallon The charity is considered to pass the tests 8el out in Paragraph 1 Schedule 6 of the Finance Acl 2010 and thef0 il meets the definition of a charitable company for UK corporation lax purposes. Accorilingly. the charity is potentially exempl from laxalion in respect of income or capi(al gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992. to the extent that such income or gains ar8 applied exclusively to charitable purposes. Tangible fixed assets Indimdual fixed assets costing £100.00 or more are Inftial recorded al cost, les8 any subsequent accumulated depreciation and subsequent accumulated Impaimient k)sses. Depreciation and amortisation Depreciation is provided on tangible fixed assets so as to write off the cost or valuation. less any estimated residual value, over their expected useful economic life as follows.. Asset class Fumrture & equipment Depreciation method and rate 20% straight line Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term high liquid investments that are readily convertible lo a known amount of eash and are subject to an insignificant risk of Change in value. Page 10
Involve - Voluntary Action in Mid Devon Notes to the Financial Statements for the Year Ended 31 March 2024 (contlnued) Fund structure Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity. Restricted income fund5 are those donated for use in a particular area or for specrfic purposes, the use of which is restricted to that area or purpose. Pensions and other post retlrement obligations The charity operates a defined contribution pension scheme which is a pension plan under which rixed contributions are paid into a pension fund and the ch8rity has no lègal or constnjclive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all ernployees the benefits relating lo Qmployee service in the cUrn1 at)d prior periods. Contributions to defined contnbulion plans are recognised in the Statement of Financial ActNilies when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment. Financlal Instruments Class5ficatlon Financial as5els and financial liabilities are recognised when the charity becomes a paty lo the contractual provision5 of Ihg inslrumenl. Financial liabilities and equty instruments are classrfied according to the substance of the contractual arrangements entered into. An equrty instrument is any cenlr8cI that evidences a residual interest in the assets of the charity after deducting all of ils liabilities. Recognition and measurement All financial asset5 ane liabilities are initially measured at transaction price lincluding tranSalOn coslsl, except for those financial assets classified as at lair value through profit or loss, which are initially measured al fair value (which is normally the transaGtion price excluding transaction costs). unless the arrangement constitutes a financing transaction. If an arrangemenl constilules a financing Iransaclion. the financial asset or financial liabilty is measured at the piesenl value of the future payments discounted at a market rate of interest for a similar debt instrumeTrl. Financial assets and liabile$ are onty offset in the statement of financtal position whon, and onty when the exists a legally enforceable right to set off the recognised amounts and the charty intends either to sellle on a net basis. or to realise the asset and settle the liability simultaneously. Financial assets are derecognised when and onty when al the conlraclual rights lo the cash flow8 from the financial asset expire or are settled, bl the ch8rity transfers lo another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all. significant risks and rewards of ownership. has transferred nIoI of the assel lo another party. Financial liabilitses are derecognised only when the obligation specified in the contract is discharged, cancelled or expires. Page11
Involvo - Voluntary Action in Mid Devon Notes to the Financial Statements for the Year Ended 31 March 2024 {continued) Investments Investments in non-CDnvertible preference sha$ and non-puttable ordinary or preferen shares (where sha$ are publicly traded or their fair value is reliably measurable) are measur8d at fair value through profrt or loss. Where fair value cannot be measurad reliably. investments are measured at cost k8s impairment. Investments in subsidi8ries 8nd associates are measured at cost less impairment. For investments in subsidiaries acquired for consideration including the issue of shares qualfying for merger relief, cost is measured by Teference to the nominal value of the shares issued plus fair value of other consmleralion. Any premium is ignored. Derivative financial Instruments The charity uses derivative financial inslrurnenls to reduce exposure to foreign exchange risk and interest rale movements. The charity does not hold or issue derivative financial instruments for speculative purposes. Derivatives are initially reco9niged at fair value at the dats a derivative contract is entered into and are subsequently remeasured lo their fair value al each reporting dale. The resulting gain or loss is recognised in statement of financial aclivities immediately unless the derivatwe is designated and ffeclive as 2 hedging instrument, in which event the liming of the recognition in statement of finanryal activities depends on the nature of tha hedge relationship. Falr value measurement The best evidence of fair v8lue is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a roc8nt transaction for an identical asset provides evidence of fair value as long as the has not been a significant change in economic circumstsnces or a significant lapse of lime since the transaction took place. If the market is not active and racenl tranSactnS of an identical asset on their own are not a good egtimale of fair value, the fair value is estimated by using a valuation technique. 2 Income from charitable activities Unrestricted funds General Restrlcted funds Total 2024 Grants 325 158,095 1 $8,420 Unrestricted funds General Restrlcted funds Total 2023 Grants 160,353 136,871 297,224 Page12
Involve - Voluntary Action in Mid Devon Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) 3 Investment Income Unrestricted funds General Unre$trfded funds General Totsl 2024 Total 2023 8ank interest receivable 3,793 3,793 4 Expenditure on charitsble actlvltles Unrestrlcted fund5 General Restricted funds Total 2024 Project costs Staff Costs Support St5 15,177 54,598 14,189 83,964 24,642 101,702 4,897 131,241 39,819 156,300 19,086 215,205 Unrestrlcted funds Ggneral Restrlcted funds Total 2023 Project costs Staff costs Support COSt8 36,594 65,869 12.734 11.822 55.339 2,834 48,416 121,208 15,568 185,192 115,197 69.995 S Analysls of support costs Support costs allocated to charitablg actlvltles Total 2024 Total 2023 Premises Communications and IT General office Prc)fessKJnal fees Depreciation 4.334 5.438 4,024 1,963 3,327 19.086 3,733 4.804 3.088 1.512 2.431 15,568 Page 13
Involve - Voluntary Action in Mid Devon Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) 6 Net incomlngloutgoing resources N81 loutgoingllincoming resources for the year include: 2024 2023 Deprecialh)n of fixed assets 3,327 2,431 7 Trustees remuneratlon and expenses During the year the chanty made the following trans8clion$ with trustees.. Nicole Summers £13912023-. £76} of expense8 were reimbursad to N Summers during the year for travel wsts. Dr Daisy Katherlne Robinson £2012023.. £Nill of expenses were reimbursed to Dr O K Robinson during the year for committee members training. No Iruslees, nor any persons connected with them. have receNed any femuneration from the charlty during the year. No trustees have received any other beneffts from the charty during the year. Page 14
Involve - Voluntsry Action in Mid Devon Notes to the Flnanclal Statements for the Year Ended 31 March 2024 (continued) 8 Staff costs The agyregate payroll costs were as follows.. 2024 2023 Wages and solaries Social security costs Pen81on costs 132.194 15,128 8,978 95,576 20.721 4.911 156,300 121.208 The monthly average number of porsons (including senior managgmenl I leadership team) employed by the charity during the year was as follows.. 2024 No 2023 The average head count of employees during the year was No omployee received emoluments of more than £60.000 during the year12023' Nill. 9 Independent examlner's remuneratlon 2024 2Q23 Fees payable lo the independent examiner for.. Independent examination of the financial slalements 832 774 Page 15
Involve - Voluntary Action in Mid Devon Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) 10 Tanglble fixgd assets Furnlture & equipment Total Cost At 1 April 2023 Additions 12.147 4,475 12,147 4,47S At 31 March 2024 16.622 16,622 D•preciation Al 1 April 2023 Charge for th¢ year At 31 March 2024 4,144 3,327 4,144 3,327 7,471 7,471 Net book value At 31 March 2024 9,151 9.151 At 31 Mafch 2023 8,003 8,003 11 Dgbtors 2024 2023 Trade debtors 26.554 46.289 12 Credltors: amounts falllng due wlthln one year 2024 2023 Trade d(Or5 Accruals 5,501 2,081 7,582 1,936 2,430 Page 18
Involve - Voluntary Action in Mid Devon Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) 13 Funds Balanco at Balance at 31 March 2024 Incoming Rosources rgsources expended 2023 Trnn5fers Unrestrfcted funds Gen•ral General Funds Crediton Wellbging STP H&SCT Fund Holding VVP Tiverton WP Cully WP Creditort COL COMF 7,719 521 23,629 9,606 1,359 5,871 38,861 34.464 1,5SO 9,147 {1.5141 137.522) 33.401 2,084 521 123.6291 5,632 12721 14,966 1,359 16.7251 {14,71)01 {24,6741 854 24.161 9,790 11,5501 19,0761 171) 132.727 4,118 83,964 52,881 Restrfcted funds DPF Cully YP CV PCN HOPE 58.832 36.633 1,979 10.531 107.975 37,895 45.990 47,502 26,708 128,964) 127,807) 145,7451 128.5771 1131.0931 67,763 54,816 3,736 8,662 134,977 158.095 Total funds 240.702 162.213 215.057 187,858 Page 17
Involve - Voluntary Action in Mid Devon Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) Balance at 1 Aprll 2022 Balance at 31 March 2023 Incoming Resources resources expended Transfers Unrestricted funds General General Funds Credrton Wellbeing STP H&SCT Fund Holding WP Tiverton WP Cully WP Credilon COL COMF 40,182 521 31,463 9,345 1,359 13.369 144,821} 11,0111 7,719 521 23,629 9.605 1.359 5,872 38,861 34.463 1.550 9.147 132.726 17,834) 114.395) 14,655 11,949 47,450 50,000 19,110 3,820 {6.0771 18,5891 115,5371 117,5601 1384} 1115,197} 5,711 88,581 160,353 11,011) Restricted funds DPF Cully YP CV PCN MD PCN HOPE 35,347 43,842 36,766 34.659 1,604 20,000 136,871 120,357) {1331 (37,176) 12,8601 19,4691 {69,9951 58,832 36,633 1.979 4,496 245 1,011 10,531 107,975 40,088 1,D11 Total funds 128,669 297,224 185,192 240,701 Credilon Wellbeing- These funds have been designated by the trustees to support th8 wellbeing of those Iwing in Crediton. STP- Th8se funds have been designated by the trustee to be spent on delivery of CVS community building activities and partnership working across Mid Devon Sub localty. H&SCT- These funds are held to support a dedicated staff role and its associated costs. Fund Holding Funds are to be spent on supporting older peopl8 in Tiverton onty. WP- Twerton, Cully and Credilon - Winter PresSuS funding for commurbity support covering Cullomplon and Tiverton Cornmunily Connectors and Crediton Community Builder providing support and set up advice in communities. COL - Cost of Lswng fund - funds distributed to various Mid-Devon organisations who applied lo help with COL support. Page 18
Involve - Voluntary Action in Mid Devon Notes to the Financial Statements for the Year Ended 31 March 2024 {contlnued) COMF- Funds are lo be Spent on the capacity building activity. DPF- This is a fund h61d to support those with leaming disabilities. Funds can be spent on revenue and capit81. Cully YP - Cullomplon Youth project sotting up a youth club I costs of community youth development worker and support staff. CV PCN - These funds are held to 8UPPOrt a dedicated staff role and ils associated costs. HOPE- HOPE coordinator working in partnership with running HOPE courses (How to overcome problems effectively) 14 Analysls of net a55ets between funds Unrestrlcted funds General Total funds at 31 March 2024 Restricted funds Tangible fixed assets Current assets Current liabilities 6,548 53,767 17,582) 2.603 132,374 9,151 186,141 {7,5821 187,710 Total nel assets 52,733 134,977 Unrestricted funds General Total funds at 31 March 2023 Restricted funds Tangible fixed assets Current assets Current liabilrties 5,321 129,835 12,430 2.682 105,293 8.003 235,128 12,4301 240,701 Total net assets 132,726 107.975 Page 19
Involve - Voluntary Actlon In Mid Devon Notes to the Flnanclal Statements for the Year Ended 31 March 2024 (continued) 15 Relatsd party transactions During the ye8r the tharty mgde the follxing related party transactions: Old Heathcoat School Community Centre his charty has a trustee in common with InVOe- Voluntary Action in Mid Devon.) Included in the accounts is expenditure to Old Heathat School expenditure of £415 12023.. £Nill. At the balance sheet date the amount due to Old Heathat Sch¢)ol Communty Centre was £2912023 - £NIII. Page 20