**CHARITY REGISTRATION NUMBER: 1191383** # **Community Volunteers Wales (formerly RCV UK (Risca CV19 Volunteers)) Unaudited Financial Statements** ## **31 March 2023** ## **WALTER HUNTER & CO LIMITED** Chartered accountants 24 Bridge Street Newport South Wales NP20 4SF **Community Volunteers Wales (formerly RCV UK (Risca CV19 Volunteers))** ## **Financial Statements** ## **Year ended 31 March 2023** ||**Page**| |---|---| |Trustees' annual report|**1**| |Independent examiner's report to the trustees|**8**| |Statement of financial activities|**9**| |Statement of financial position|**10**| |Notes to the financial statements|**11**| **Community Volunteers Wales (formerly RCV UK (Risca CV19 Volunteers))** ## **Trustees' Annual Report** ## **Year ended 31 March 2023** The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2023. ## **Reference and administrative details** |**Registered charity name**|Community Volunteers Wales (formerly RCV UK (Risca CV19|Community Volunteers Wales (formerly RCV UK (Risca CV19| |---|---|---| ||Volunteers))|| |**Charity registration number**|1191383|| |**Principal office**|13 High Trees|| ||Risca|| ||Newport|| ||NP11 6HH|| |**The trustees**||| ||Mrs C Bennett|(Resigned 1 October 2022)| ||Mrs DL Derraven|| ||Miss T Holloway|(Resigned 3 June 2023)| ||Ms P Leonard|| ||DR CEC Magaw|(Resigned 1 October 2022)| ||Mr RG Owen|| **Independent examiner** Mr Jonathan Rhodes BSC BFP FCA ## **Structure, governance and management** ## **Nature of the governing document and constitution of the charity** RCV UK (Risca CV19 Volunteers) was formed and commenced trading on 21 September 2020 as Charitable Incorporated Organisation, charity number 1191383. Originally established as Risca Community Volunteers, having always offered support to anyone, regardless of location, during the year ended 31 March 2023, the charity changed its name to CVW Community Volunteers Wales to better reflect the charity's inclusivity. ## **The methods adopted for the recruitment and appointment of new trustees** Other than the founding trustees, every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees. In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO. **1** **Community Volunteers Wales (formerly RCV UK (Risca CV19 Volunteers))** ## **Trustees' Annual Report** _**(continued)**_ ## **Year ended 31 March 2023** ## **Objectives and activities** ## **Summary of the purposes of the charity as set out in its governing document** Community Volunteers Wales (CVW) is a community-based charity dedicated to helping and connecting people in our community, now and always. To create robust self-sufficient communities that have kindness and connection at the very heart. Our vision is a connected community where no-one is suffering the side effects of poverty or isolation. To combat climate change on a local level, utilising resources available and redistributing them to those in need and avoiding landfill waste. CVW strive to be ever evolving, to reach more people and families focusing on giving those who need it a hand up, rather than just a handout. Our 4 Core Values include: ## **WeShare** We believe in giving everyone in the community access to a hand up not just a handout. We have trust in our community's generosity and share resources with those in need. ## **WeNurture** CVW are working to ensure no one in our community is lonely or frightened. These can be significant contributors to poor mental health, and we are committed to eradicating them. ## **WeConnect** Creating meaningful connections is at the heart of everything we do. We believe in bringing people together to support each other and build strong, lasting bonds. ## **WeGrow** We encourage those in our community to embrace outdoor spaces. By creating these spaces we are able to foster talent to develop our best selves. **2** **Community Volunteers Wales (formerly RCV UK (Risca CV19 Volunteers))** ## **Trustees' Annual Report** _**(continued)**_ ## **Year ended 31 March 2023** ## **Objectives and activities** _**(continued)**_ ## **Summary of the main activities in relation to those purposes for the public benefit** CVW provides companionship and support services to individuals experiencing loneliness, isolation, vulnerability, or mobility challenges. Our offerings encompass essential assistance such as shopping and prescription delivery, consistent telephone check-ins, and occasional in-person interactions. Additionally, we extend transportation services to facilitate health-related appointments as required. As agents for Trussell Trust we make referrals to Risca Foodbank when a family or individual presents to us with food poverty. We also run our own emergency foodbank to cover during the days that Trussell Trust are closed. We offer free unbranded school uniform to any family in need. We currently cover the 4 Risca schools with branded uniform and receive referrals from the schools as well. Coffee Morning - Channel View Community Centre Risca. Open to anyone of any age. A chance to meet others and meet the CVW team. Indoors during the cold seasons and outdoors during the summer. Tin on a Wall - this is a once monthly project to collect non-perishable foods from specific targeted streets to donate to various foodbanks, pantry's and charities in the wider area. Volunteers sign up as Street Champions to take care of their own or a street close by. The streets are rotated for each collection. Competitions - we run a variety of competitions throughout the year, particularly during seasonal events, such as school holidays, Easter, Halloween etc. School holidays - we focus on children during school holidays with events such as Halloween disco's and pumpkin carving, Santa's Christmas Grotto, Easter Egg Hunt etc. Risca IWN - this is the Integrated Wellbeing Network in partnership with David Llewelyn at ABUHB. We meet once a month with all local businesses and service providers to plan activities and events for the local community. The Pantri - we opened The Pantri within our Community Coffee Shop The Snug, in February 2022. This was primarily a pantry for the distribution of supermarket surplus food which we purchase from Fareshare. We also supplement this surplus with donations through Tin on a Wall. However, the need quickly outgrew the premises, so we moved the Pantri to it's own building in February 2023. The Snug Community Coffee Shop - Originally as a base for the Pantri, it now runs purely as a coffee shop with the added bonus of being a safe space, where everyone is welcome. We offer the space to hire for other groups including a Youth Club and we run our own groups from here too. We also offer pastoral support and referral services from The Snug. Bike Hub - CVW encouraged local young people to become bicycle mechanics through accredited training. We take donations of unwanted bikes and our mechanics run repairs and ''MOTs' so that we can supply bikes to local families. Community Cook Book - This project is run in conjunction with Multiply through CCBC and we offer cookery sessions from The Snug. Friendly Friday - a support group run from The Snug, offering a free hot meal and drink to anyone who would like to attend. Aimed at reducing loneliness and isolation. **3** ## **Community Volunteers Wales (formerly RCV UK (Risca CV19 Volunteers))** ## **Trustees' Annual Report** _**(continued)**_ ## **Year ended 31 March 2023** ## **Objectives and activities** _**(continued)**_ ## **Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit** The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Charities aims and purposes and in planning future activities. The services and support that the charity offers are available to anyone in need, regardless of nationality, religion, age or sex. We have in place an Equal Opportunities policy as recommended by the Charity Commission. ## **Achievements and performance** ## **Summary of the main achievements of the charity, identifying the difference the charity's work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole** Through our befriending service we support over 400 people from our community, people who otherwise would not be able to cope or would be totally isolated without the help from our volunteers on behalf of our charity. We make 170 kindness telephone calls a week to check in and make sure our VIP's are ok. Over a period of 12 months we have supplied an average of 11000 meals per month through the Pantri, and have also offset 5900kg of CO2 per month through this project alone. This support is available to all and includes families referred to us by various schools and other community support organisations. We have recruited over 400 volunteers and more volunteers continue to approach us with offers to help the community. Community spirit in our area of the South Wales Valleys is particularly high and people often comment that they haven't experienced this since the war years. We were awarded the Welsh Charity Award in the Trailblazer category this year, which is a huge achievement. We have calculated our social value, which includes food and toy donations, volunteering hours (averaging at 1499 hours per month) and these benefits translated into financial value to the community as a whole, equates to £271,176 per annum. This is in addition to the financial contribution we make to the area, evidenced in our accounts. We have already employed 10 people throughout the charity and continue to offer students work experience in partnership with local Colleges and Universities and the DWP. We offer holistic support, in that there isn't normally just one problem. Once we speak to someone there's normally other underlying issues which we also can help with. For example whilst we can help with socialising, low level mental health support, confidence building and food poverty, we can also involve other agencies such as social services, the Mental Health Team, Housing Support, debt advice and many other services. **4** **Community Volunteers Wales (formerly RCV UK (Risca CV19 Volunteers))** ## **Trustees' Annual Report** _**(continued)**_ ## **Year ended 31 March 2023** ## **Financial review** ## **Transactions and financial position** The financial statements are set out on pages 8 to 17. 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. The Statement of Financial Activities shown on page 8 to the accounts discloses net incoming resources for the year of £6,112 (2022: £25,913). The total reserves at the year-end stand at £60,353 (2022: £54,241). ## **Statement explaining the policy for holding reserves stating why they are held** The Board has set a reserves policy that requires: - Funds are to be maintained at a level that ensures core activity can continue for three months in the event of disruption of income streams; - Funds are to be maintained in a readily realisable form; The policy allows review on an annual basis. No funds of the charity, restricted or unrestricted, are in deficit as at 31 March 2023. ## **The charity's principal sources of funds** The charity's principal sources of funding for the year ended 31 March 2023 are disclosed in note 5 to the financial statements. **5** **Community Volunteers Wales (formerly RCV UK (Risca CV19 Volunteers))** ## **Trustees' Annual Report** _**(continued)**_ ## **Year ended 31 March 2023** ## **Plans for future periods** The charity has various activities and projects planned for the forthcoming year to include: Working alongside local surgeries and pharmacies, along with self-referrals, to identify individuals with low-level mental health problems. We will encourage them to participate in some of the activities, particularly outdoors and to re-engage with nature. Transport to health - we will continue to offer transportation to medical appointments. We rely on a volunteer drivers and our 2 vehicles. Need often outstrips availability, so we will refocus on boosting both the number of vehicles and drivers that are available under this project. Day trips - we plan to run outings from time to time, pre-bookable, priced to cover costs of transport etc. It is our aim to do one per month. Evening outings - we plan to organise a meal at a restaurant or pub, pre-bookable and priced to cover costs. Again, it our aim to organise one per month where possible and Covid 19 restrictions permitting. Clothes collections - We will continue to have an outdoor clothes bin at the Channel View Community Centre, and we also run 6 monthly donation points. The Snug- This is our Coffee Shop. We aim to continue providing pastoral care and support and increase venue hire. All proceeds are re-invested in the Charity to continue providing projects to support local people. The Pantri - This is our community eco food shop. The aim is to reduce food waste, redistribute surplus food cheaply to people who need it and encourage people to visit and talk to the team in a warm and safe environment. Youth Gaming Club - we have secured funding to run a gaming club for young people one evening a week from The Snug. This aims to reduce anti-social behaviour, give young people somewhere to go and help them with life skills (cooking, CV writing, budgeting etc). Fun on the Field - This is our annual summer fun day. Includes bouncy castles, rides, stalls, food, music, face-painting, crafting, demonstrations and much more. This takes place on the last Saturday in August on either the Spar Field in Ty Sign or Risca Park. This is our main fundraiser of the year and an opportunity to bring the whole community together. Lylac Ridge and Bike Hub - We are working with CCBC with the view to taking over an area of ground and also a building within the local park. Lylac Ridge will be developed into a quiet and peaceful area for meditation, personal growth and a peaceful contemplation garden. While the building within Risca Park will be developed into a new Bike Hub where we can also provide drinks and snacks to the public to help with financing the charity going forward. **6** ## **Community Volunteers Wales (formerly RCV UK (Risca CV19 Volunteers))** ## **Trustees' Annual Report** _**(continued)**_ ## **Year ended 31 March 2023** The trustees' annual report was approved on 31 January 2024 and signed on behalf of the board of trustees by: Mrs DL Derraven Trustee **7** **Community Volunteers Wales (formerly RCV UK (Risca CV19 Volunteers))** ## **Independent Examiner's Report to the Trustees of Community Volunteers Wales (formerly RCV UK (Risca CV19 Volunteers))** ## **Year ended 31 March 2023** I report to the trustees on my examination of the financial statements of Community Volunteers Wales (formerly RCV UK (Risca CV19 Volunteers)) ('the charity') for the year ended 31 March 2023. ## **Responsibilities and basis of report** As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the financial statements do not accord with those records; or 3. the financial statements do not comply with the applicable requirements concerning the form and content of accounts 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 other matters in connection with 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 Jonathan Rhodes BSC BFP FCA Independent Examiner Walter Hunter & Co Limited Chartered Accountants 24 Bridge Street Newport NP20 4SF 31 January 2024 **8** **Community Volunteers Wales (formerly RCV UK (Risca CV19 Volunteers))** ## **Statement of Financial Activities** ## **Year ended 31 March 2023** ||||||Period from| |---|---|---|---|---|---| ||||||2 Apr 21 to| |||**Year**|**to** **31 Mar**|**23**|31 Mar 22| |||Unrestricted|Restricted||| |||funds|funds|**Total funds**|Total funds| ||**Note**|**£**|**£**|**£**|£| |**Income and endowments**|||||| |Donations and legacies|**4**|13,119|475|13,594|5,631| |Charitable activities|**5**|3,263|90,415|93,678|75,853| |Other trading activities|**6**|76,469|–|76,469|5,303| |Investment income|**7**|72|–|72|–| |||`────────`|`────────`|`─────────`|`────────`| |**Total income**||92,923|90,890|183,813|86,787| |||`════════`|`════════`|`═════════`|`════════`| |**Expenditure**|||||| |Expenditure on charitable activities|**8,9**|101,423|76,278|177,701|60,874| |||`─────────`|`────────`|`─────────`|`────────`| |**Total expenditure**||101,423|76,278|177,701|60,874| |||`═════════`|`════════`|`═════════`|`════════`| |||`─────────`|`────────`|`─────────`|`────────`| |**Net income**||(8,500)|14,612|6,112|25,913| |||`═════════`|`════════`|`═════════`|`════════`| |Transfers between funds||(360)|360|–|–| |||`─────────`|`────────`|`─────────`|`────────`| |**Net movement in funds**||(8,860)|14,972|6,112|25,913| |**Reconciliation of funds**|||||| |Total funds brought forward||10,832|43,409|54,241|28,328| |||`─────────`|`────────`|`─────────`|`────────`| |**Total funds carried forward**||1,972|58,381|60,353|54,241| |||`═════════`|`════════`|`═════════`|`════════`| 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 11 to 22 form part of these financial statements.** **9** ## **Community Volunteers Wales (formerly RCV UK (Risca CV19 Volunteers))** ## **Statement of Financial Position** ## **31 March 2023** |||**2023**|2022| |---|---|---|---| ||**Note**|**£**|£| |**Fixed assets**|||| |Tangible fixed assets|**16**|26,859|25,931| |**Current assets**|||| |Debtors|**17**|15,089|7,018| |Cash at bank and in hand||69,924|53,942| |||`────────`|`────────`| |||85,013|60,960| |**Creditors: amounts falling due within one year**|**18**|51,519|32,650| |||`────────`|`────────`| |**Net current assets**||33,494|28,310| |||`────────`|`────────`| |**Total assets less current liabilities**||60,353|54,241| |||`────────`|`────────`| |**Net assets**||60,353|54,241| |||`════════`|`════════`| |**Funds of the charity**|||| |Restricted funds||58,381|43,409| |Unrestricted funds||1,972|10,832| |||`────────`|`────────`| |**Total charity funds**|**20**|60,353
`════════`|54,241
`════════`| These financial statements were approved by the board of trustees and authorised for issue on 31 Jan 24, and are signed on behalf of the board by: Mrs DL Derraven Trustee **The notes on pages 11 to 22 form part of these financial statements.** **10** **Community Volunteers Wales (formerly RCV UK (Risca CV19 Volunteers))** ## **Notes to the Financial Statements** ## **Year ended 31 March 2023** ## **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 13 High Trees, Risca, Newport, NP11 6HH. ## **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. All amounts included in the financial statements have been rounded to the nearest £1. ## **Going concern** The charity is entirely dependent on continuing grant aid and as a consequence the going concern basis is also dependent on the continuing grant aid. However, at the time of signing these accounts there are no material uncertainties about the charity's ability to continue. ## **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. Restricted funds are subjected to restrictions on their expenditure declared by the donor. ## **Incoming resources** All income is 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: **11** **Community Volunteers Wales (formerly RCV UK (Risca CV19 Volunteers))** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 31 March 2023** ## **3. Accounting policies** _**(continued)**_ ## **Incoming resources** _**(continued)**_ - 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. - 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 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. - 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. ## **Operating leases** Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis. ## **Tangible assets** Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. ## **Depreciation** Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Plant and machinery - 20% straight line per annum Fixtures and fittings - 20% straight line per annum Motor vehicles - 25% straight line per annum Kitchen Equipment - 20% straight line per annum **12** **Community Volunteers Wales (formerly RCV UK (Risca CV19 Volunteers))** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 31 March 2023** ## **3. Accounting policies** _**(continued)**_ ## **Defined contribution plans** Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. ## **4. Donations and legacies** ||Unrestricted|Restricted|**Total Funds**| |---|---|---|---| ||Funds|Funds|**2023**| ||£|£|**£**| |**Donations**|||| |Donations|13,119|475|13,594| |Bags2School|–|–|–| |Lottery|–|–|–| ||`────────`|`────`|`────────`| ||13,119|475|13,594| ||`════════`|`════`|`════════`| ||Unrestricted|Restricted|Total Funds| ||Funds|Funds|2022| ||£|£|£| |**Donations**|||| |Donations|2,678|1,518|4,196| |Bags2School|–|1,323|1,323| |Lottery|112|–|112| ||`───────`|`───────`|`───────`| ||2,790|2,841|5,631| ||`═══════`|`═══════`|`═══════`| |**Charitable activities**|||| ||Unrestricted|Restricted|**Total Funds**| ||Funds|Funds|**2023**| ||£|£|**£**| |Caerphilly County Borough Council|320|34,083|34,403| |Charitable Foundation in Wales|–|–|–| |Gwent Association of Voluntary Organisations|–|26,488|26,488| |Groundworks|–|–|–| |Lloyds Bank Foundation|–|–|–| |Newport County Council|–|5,000|5,000| |Sirhowy Enterprise|–|–|–| |Community Transport Association|–|7,500|7,500| |Other income from charitable activities|2,943|17,344|20,287| ||`───────`|`────────`|`────────`| ||3,263|90,415|93,678| ||`═══════`|`════════`|`════════`| ## **5. Charitable activities** **13** **Community Volunteers Wales (formerly RCV UK (Risca CV19 Volunteers))** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 31 March 2023** ## **5. Charitable activities** _**(continued)**_ ||Unrestricted|Restricted|Total Funds| |---|---|---|---| ||Funds|Funds|2022| ||£|£|£| |Caerphilly County Borough Council|–|26,365|26,365| |Charitable Foundation in Wales|5,000|–|5,000| |Gwent Association of Voluntary Organisations|–|–|–| |Groundworks|–|1,000|1,000| |Lloyds Bank Foundation|983|–|983| |Newport County Council|–|–|–| |Sirhowy Enterprise|2,000|–|2,000| |Community Transport Association|–|–|–| |Other income from charitable activities|7,628|32,877|40,505| ||`────────`|`────────`|`────────`| ||15,611|60,242|75,853| ||`════════`|`════════`|`════════`| ## **6. Other trading activities** ||Unrestricted|**Total Funds**|Unrestricted|Total Funds| |---|---|---|---|---| ||Funds|**2023**|Funds|2022| ||£|**£**|£|£| |The Snug cafe takings|75,829|75,829|5,303|5,303| |The Pantri membership fees|640|640|–|–| ||`────────`|`────────`|`───────`|`───────`| ||76,469|76,469|5,303|5,303| ||`════════`|`════════`|`═══════`|`═══════`| ## **7. Investment income** ||Unrestricted|**Total Funds**|Unrestricted|Total Funds| |---|---|---|---|---| ||Funds|**2023**|Funds|2022| ||£|**£**|£|£| |Bank interest receivable|72|72|–|–| ||`════`|`════`|`════`|`════`| **14** **Community Volunteers Wales (formerly RCV UK (Risca CV19 Volunteers))** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 31 March 2023** ## **8. Expenditure on charitable activities by fund type** ||Unrestricted|Restricted|**Total Funds**| |---|---|---|---| ||Funds|Funds|**2023**| ||£|£|**£**| |Core activity, including community volunteering and|||| |support|2,185|–|2,185| |IT and Equipment funding|–|442|442| |Food Poverty|–|3,378|3,378| |We Cycle|–|6,210|6,210| |Bags2School|–|146|146| |Safe and Well|–|455|455| |We Connect @ The Snug|82,578|2,036|84,614| |POBL|–|30|30| |We Grow|–|6,909|6,909| |Youth Club|–|121|121| |The Pantri|2,020|5,693|7,713| |Sim Cards|–|639|639| |Community Empowerment Fund|–|4,014|4,014| |Green Grid Fund|–|1,094|1,094| |Isolation Loneliness|–|1,196|1,196| |Summer of Fun|–|15,890|15,890| |Sustainable Food|–|4,320|4,320| |Transport to Health|–|9,019|9,019| |Ukrainian Refugees|–|260|260| |Warm Bank|–|6,041|6,041| |Support costs|14,640|8,385|23,025| ||`─────────`|`────────`|`─────────`| ||101,423|76,278|177,701| ||`═════════`|`════════`|`═════════`| ||Unrestricted|Restricted|Total Funds| ||Funds|Funds|2022| ||£|£|£| |Core activity, including community volunteering and|||| |support|6,615|–|6,615| |IT and Equipment funding|–|3,302|3,302| |Food Poverty|–|3,190|3,190| |We Cycle|–|355|355| |Bags2School|–|2,079|2,079| |Safe and Well|–|4,775|4,775| |We Connect @ The Snug|–|20,534|20,534| |POBL|–|420|420| |We Grow|–|786|786| |Youth Club|–|991|991| |The Pantri|–|–|–| |Sim Cards|–|–|–| |Community Empowerment Fund|–|–|–| |Green Grid Fund|–|–|–| |Isolation Loneliness|–|–|–| |Summer of Fun|–|–|–| |Sustainable Food|–|–|–| |Transport to Health|–|–|–| |Ukrainian Refugees|–|–|–| **15** **Community Volunteers Wales (formerly RCV UK (Risca CV19 Volunteers))** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 31 March 2023** |Warm Bank|–|–|–| |---|---|---|---| |Support costs|12,953|4,874|17,827| ||`────────`|`────────`|`────────`| ||19,568|41,306|60,874| ||`════════`|`════════`|`════════`| **9. Expenditure on charitable activities by activity type** ||Activities|||| |---|---|---|---|---| ||undertaken||**Total funds**|Total fund| ||directly|Support costs|**2023**|2022| ||£|£|**£**|£| |Core activity, including community||||| |volunteering and support|2,185|16,469|18,654|23,568| |IT and Equipment funding|442|–|442|3,375| |Food Poverty|3,378|–|3,378|3,190| |We Cycle|6,210|1,860|8,070|355| |Bags2School|146|–|146|2,079| |Safe and Well|455|–|455|4,775| |We Connect @ The Snug|84,614|4,526|89,140|21,335| |POBL|30|–|30|420| |We Grow|6,909|–|6,909|786| |Youth Club|121|–|121|991| |The Pantri|7,713|170|7,883|–| |Sim Cards|639|–|639|–| |Community Empowerment Fund|4,014|–|4,014|–| |Green Grid Fund|1,094|–|1,094|–| |Isolation Loneliness|1,196|–|1,196|–| |Summer of Fun|15,890|–|15,890|–| |Sustainable Food|4,320|–|4,320|–| |Transport to Health|9,019|–|9,019|–| |Ukrainian Refugees|260|–|260|–| |Warm Bank|6,041|–|6,041|–| ||`─────────`|`────────`|`─────────`|`────────`| ||154,676|23,025|177,701|60,874| ||`═════════`|`════════`|`═════════`|`════════`| **16** ## **Community Volunteers Wales (formerly RCV UK (Risca CV19 Volunteers))** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 31 March 2023** ## **10. Analysis of support costs** ||Core|Fixed Asset||We Connect|||| |---|---|---|---|---|---|---|---| ||activities|Fund|We Cycle|@ The Snug|The Pantri|**Total 2023**|Total 2022| ||£|£|£|£|£|**£**|£| |Staff costs|–|–|–|–|170|170|212| |Premises|2,007|–|–|–|–|2,007|6,164| |Communications and IT|1,404|–|–|890|–|2,294|366| |General office|3,225|–|–|1,205|–|4,430|1,969| |Finance costs|165|–|–|76|–|241|97| |Governance costs|2,194|–|–|–|–|2,194|2,883| |Insurance|422|–|–|–|–|422|–| |Motor & travel expenses|1,422|–|–|–|–|1,422|2,136| |Subscriptions|1,430|–|–|–|–|1,430|–| |Depreciation|200|4,000|1,860|2,355|–|8,415|4,000| ||`────────`|`───────`|`───────`|`───────`|`────`|`────────`|`────────`| ||12,469|4,000|1,860|4,526|170|23,025|17,827| ||`════════`|`═══════`|`═══════`|`═══════`|`════`|`════════`|`════════`| **17** **Community Volunteers Wales (formerly RCV UK (Risca CV19 Volunteers))** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 31 March 2023** ## **11. Taxation** The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital 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 are applied exclusively to charitable purposes. ## **12. Net income** Net income is stated after charging/(crediting): |Net income is stated after charging/(crediting):||| |---|---|---| ||**2023**|2022| ||**£**|£| |Depreciation of tangible fixed assets|8,415
`═══════`|4,000
`═══════`| **13. Independent examination fees** Period from **Year to** 2 Apr 21 to **31 Mar 23** 31 Mar 22 **£** £ Fees payable to the independent examiner for: Independent examination of the financial statements 1,200 1,200 `═══════ ═══════` ## **14. Staff costs** The total staff costs and employee benefits for the reporting period are analysed as follows: |||Period from| |---|---|---| ||**Year to**|2 Apr 21 to| ||**31 Mar 23**|31 Mar 22| ||**£**|£| |Wages and salaries|41,171|4,712| |Employer contributions to pension plans|227|–| ||`────────`|`───────`| ||41,398|4,712| ||`════════`|`═══════`| The average head count of employees during the year was 4 (2022: 3). Staff were employed for the first time in January 2022 in preparation of the We Connect café opening at the end of February. No employee received employee benefits of more than £60,000 during the year (2022: Nil). ## **15. Trustee remuneration and expenses** No trustees or any persons connected with them have received any remuneration or expenses during the period (2022: £nil). **18** **Community Volunteers Wales (formerly RCV UK (Risca CV19 Volunteers))** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 31 March 2023** ## **16. Tangible fixed assets** ||Plant and|Fixtures and|Motor||| |---|---|---|---|---|---| ||machinery|fittings|vehicles|Equipment|**Total**| ||£|£|£|£|**£**| |**Cost**|||||| |At 1 April 2022|–|6,260|16,000|7,671|29,931| |Additions|7,548|–|–|1,795|9,343| ||`───────`|`───────`|`────────`|`───────`|`────────`| |**At 31 March 2023**|7,548|6,260|16,000|9,466|39,274| ||`═══════`|`═══════`|`════════`|`═══════`|`════════`| |**Depreciation**|||||| |At 1 April 2022|–|–|4,000|–|4,000| |Charge for the year|1,510|1,252|4,000|1,653|8,415| ||`───────`|`───────`|`────────`|`───────`|`────────`| |**At 31 March 2023**|1,510|1,252|8,000|1,653|12,415| ||`═══════`|`═══════`|`════════`|`═══════`|`════════`| |**Carrying amount**|||||| |**At 31 March 2023**|6,038|5,008|8,000|7,813|26,859| ||`═══════`|`═══════`|`════════`|`═══════`|`════════`| |At 31 March 2022|–|6,260|12,000|7,671|25,931| ||`═══════`|`═══════`|`════════`|`═══════`|`════════`| |**Debtors**|||||| |||||**2023**|2022| |||||**£**|£| |Trade debtors||||4,051|7,018| |Prepayments and accrued income||||9,950|–| |Other debtors||||1,088|–| |||||`────────`|`───────`| |||||15,089|7,018| |||||`════════`|`═══════`| |**Creditors:** **amounts falling due**|**within one**|**year**|||| |||||**2023**|2022| |||||**£**|£| |Accruals and deferred income||||1,604|2,040| |Social security and other taxes||||–|325| |Other creditors||||49,915|30,285| |||||`────────`|`────────`| |||||51,519|32,650| |||||`════════`|`════════`| ## **17. Debtors** ## **18. Creditors: amounts falling due within one year** ## **19. Pensions and other post retirement benefits** ## **Defined contribution plans** The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £227 (2022: £Nil). **19** **Community Volunteers Wales (formerly RCV UK (Risca CV19 Volunteers))** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 31 March 2023** ## **20. Analysis of charitable funds** ## **Unrestricted funds** |**Unrestricted funds**|||||| |---|---|---|---|---|---| ||At 1 April||||**At 31 March**| ||2022|Income|Expenditure|Transfers|**2023**| ||£|£|£|£|£| |General funds|10,347|14,436|(14,654)|(8,157)|1,972| |We Connect @ The|||||| |Snug|485|77,847|(84,749)|6,417|–| |The Pantri|–|640|(2,020)|1,380|–| ||`────────`|`────────`|`─────────`|`───────`|`───────`| ||10,832|92,923|(101,423)|(360)|1,972| ||`════════`|`════════`|`═════════`|`═══════`|`═══════`| ||At 2 April||||At 31 March| ||2021|Income|Expenditure|Transfers|2022| ||£|£|£|£|£| |General funds|9,997|17,297|(17,832)|885|10,347| |We Connect @ The|||||| |Snug|–|6,407|(1,736)|(4,186)|485| |The Pantri|–|–|–|–|–| ||`───────`|`────────`|`────────`|`───────`|`────────`| ||9,997|23,704|(19,568)|(3,301)|10,832| ||`═══════`|`════════`|`════════`|`═══════`|`════════`| **20** **Community Volunteers Wales (formerly RCV UK (Risca CV19 Volunteers))** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 31 March 2023** ## **20. Analysis of charitable funds** _**(continued)**_ |**Restricted funds**|||||| |---|---|---|---|---|---| ||At 1 April||||**At 31 March**| ||2022|Income|Expenditure|Transfers|**2023**| ||£|£|£|£|£| |Fixed Asset Fund|12,000|–|(4,000)|–|8,000| |IT & Equipment|442|–|(442)|–|–| |PPE & Marketing|–|–|–|–|–| |Food Poverty|378|3,000|(3,378)|–|–| |We Cycle|16,324|1,750|(8,070)|–|10,004| |Bags2 School|185|385|(146)|–|424| |Safe & Well|2,673|90|(455)|–|2,308| |Winter Warmer|–|–|–|–|–| |We Connect @ The|||||| |Snug|11,181|3,000|(4,391)|–|9,790| |POBL|12|–|(30)|18|–| |We Grow|214|7,500|(6,909)|–|805| |Youth Club|–|5,000|(121)|–|4,879| |The Pantri|–|5,863|(5,863)|–|–| |Sim Cards|–|639|(639)|–|–| |Community|||||| |Empowerment Fund|–|3,868|(4,014)|146|–| |Green Grid Fund|–|1,094|(1,094)|–|–| |Isolation Loneliness|–|1,000|(1,196)|196|–| |Summer of Fun|–|15,890|(15,890)|–|–| |Sustainable Food|–|7,000|(4,320)|–|2,680| |Transport to Health|–|20,488|(9,019)|–|11,469| |Ukrainian Refugees|–|500|(260)|–|240| |Warm Bank|–|13,823|(6,041)|–|7,782| ||`────────`|`────────`|`────────`|`────`|`────────`| ||43,409|90,890|(76,278)|360|58,381| ||`════════`|`════════`|`════════`|`════`|`════════`| ||At 2 April||||At 31 March| ||2021|Income|Expenditure|Transfers|2022| ||£|£|£|£|£| |Fixed Asset Fund|16,000|–|(4,000)|–|12,000| |IT & Equipment|73|3,744|(3,375)|–|442| |PPE & Marketing|19|–|–|(19)|–| |Food Poverty|–|3,568|(3,190)|–|378| |We Cycle|–|16,679|(355)|–|16,324| |Bags2 School|941|1,323|(2,079)|–|185| |Safe & Well|–|7,448|(4,775)|–|2,673| |Winter Warmer|16|–|–|(16)|–| |We Connect @ The|||||| |Snug|–|28,330|(21,335)|4,186|11,181| |POBL|1,282|–|(420)|(850)|12| |We Grow|–|1,000|(786)|–|214| |Youth Club|–|991|(991)|–|–| ||`────────`|`────────`|`────────`|`───────`|`────────`| ||18,331
`════════`|63,083
`════════`|(41,306)
`════════`|3,301
`═══════`|43,409
`════════`| **21** **Community Volunteers Wales (formerly RCV UK (Risca CV19 Volunteers))** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 31 March 2023** ## **21. Analysis of net assets between funds** ||Unrestricted|Restricted|**Total Funds**| |---|---|---|---| ||Funds|Funds|**2023**| ||£|£|**£**| |Tangible fixed assets|800|26,059|26,859| |Current assets|2,894|82,119|85,013| |Creditors less than 1 year|(1,722)|(49,797)|(51,519)| ||`───────`|`────────`|`────────`| |**Net assets**|1,972|58,381|60,353| ||`═══════`|`════════`|`════════`| ||Unrestricted|Restricted|Total Funds| ||Funds|Funds|2022| ||£|£|£| |Tangible fixed assets|1,000|24,931|25,931| |Current assets|11,872|49,088|60,960| |Creditors less than 1 year|(2,040)|(30,610)|(32,650)| ||`────────`|`────────`|`────────`| |**Net assets**|10,832|43,409|54,241| ||`════════`|`════════`|`════════`| ## **22. Operating lease commitments** The total future minimum lease payments under non-cancellable operating leases are as follows: ||**2023**|2022| |---|---|---| ||**£**|£| |Not later than 1 year|18,267|9,600| |Later than 1 year and not later than 5 years|27,200|36,800| ||`────────`|`────────`| ||45,467|46,400| ||`════════`|`════════`| **22**