CHARITY REGISTRATION NUMBER: 1191383 Community Volunteers Wales Unaudited Financial Statements 31 March 2024 WALTER HUNTER & CO LIMITED Chartered accountants 24 Bridge Street Newport South Wales NP20 4SF
Community Volunteers Wales Financial Statements Year ended 31 March 2024 Page Trustees, annual report Independent examiner's report to the trustees Statement of financial activities Statement of financial position 10 Notes to the financial statements
Community Volunteers Wales Trustees, Annual Report Year ended 31 March 2024 The trustees present their report and the unaudited financial stslemenls of the charity for the year ended 31 March 2024. Reference and administrative details Registered charity name Community Volunteers Wales Charity registration number 1191383 Principal office The Pantri 49 Tredegar Street Risca Newport NP11 6BW The trustees Miss J Davies Mrs DL Derraven Mr R Grayson Miss M Hedges Miss T Holloway Miss S Lanigan Ms P Leonard Mr RG Owen Dr D Platt IAppointed 19 February 20241 Mr M Tudor IAppointed 12 February 20241 Miss G Spindler Vasquez Walters IAppointed 12 February 20241 IApFX)inted 12 February 20241 IApF)ointed 12 February 20241 IAppointed 12 February 20241 IResigned 3 June 20231 IAppointed 12 February 20241 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 Organisalion, 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 ils name lo 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 Iruslees, every Iruslee must be appointed for a term of three years by resolution passed al a properly convened meeting of the charity trustees. In selecting individuals for appointment as charity trustees, the charity Iruslees musl have regard to the skills, knowledge and experience needed for the effective administmtion of the CIO.
Community Volunteers Wales Trustees, Annual Report (conllnuedj Year ended 31 March 2024 Objectives and activities Summary of the purposes ofthe charity as set out in its governing document Community Volunteers Wales ICVVV) is a community-based charity dedicated to helping and connecting people in our community, now and always. To create robust self-sufficienl communities that have kindness and connection al 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 lo be ever evolving, lo 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 resourees with those in need. WeNurture CIAN are working to ensure no one in our community is lonely or frightened. These can be significant contributors lo 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 lo embrace outdoor spaces. By creating these spa$ we are able lo foster talent lo develop our best selves.
Community Volunteers Wales Trustees, Annual Report (conllnuedj Year ended 31 March 2024 Objectives and activities {contInue Summary of the main activities in relation to those purposes for the public benefit CIM 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 Iransportalion services lo facilitate heallh-relaled 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 lo 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 lo donate to various foodbanks, pantry's and charities in the wider area. Volunteers sign up as Street Champions lo 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 calving, Santa's Christmas Grotto, Easter Egg Hunt elc. Risca IWN this is the Integrated Wellbeing NeOrk in partnership with David Llewelyn at ABUHB. We meet once a month with all local businesses and service providers lo 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 il's own building in February 2023. The Snug Community Coffee Shop - Originally as a base for the Panlri, 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 lo hire for other groups Including a Youth Club and we run our own groups from here loo. We also offer pastoral support and referral services from The Snug. Bike Hub CVW encouraged local young people lo 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 hol meal and drink lo anyone who would like to attend. Aimed at reducing loneliness and isolation.
Community Volunteers Wales Trustees, Annual Report (conllnuedj Year ended 31 March 2024 Objectives and activities {contInue Statement confimiing whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit The Iruslees confirm that they have referred lo the guidance contained in the Charity Commission's general guidan on public benefit when reviewing the Charities aims and purposes and in planning future aclivilies. 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 have continued lo provide vital support to over 1000 individuals from our community. many of whom would otherwise face overwhelming challenges or experience total isolation. The dedication of our volunteers remains 8 cornerstone of this success. Over the past 12 months, we have delivered significant support through the Pantri project, supptying an average of 12,500 meals per monlh-an increase from the previous year. This initiative continues lo support families referred by schools and community organisalions while offsetting an impressive 6,400 kg of C02 per month, further enhancing ils environmentsl impact. Our volunteer base has expanded to over 450 dedicated individuals, and we are continually approached by others eager to join our efforts. This reflects the exceptional community spirit within the South Wales Valleys, which many have described as reminiscent of the camaraderie during the war years. We are proud to report that we were honoured with the Welsh Charity Award in the Trailblazer category during this period. This recognition highlights our innovative approaches and sustsined commitment to the community. Our work has generated significant social value, with contributions such as food and toy donations and volunteer hours laveraging 1,750 hours per monthl translating lo an estimated £310,200 per annum in financial benefit to the community. This figure underscores the additional value our activities bring lo the area, beyond our direct financial contributions detailed in our accounts. We have further strengthened our operations by employing 12 individuals across the charity and continuing to provide work experience opportunities for students through partnerships with local colleges, universities, and the DWP. Our holistic approach lo support remains a defining feature of our work. While addressing immediate needs such as social connection, low-level mental health support, confidence building, and food security, we also assist beneficiaries with broader challenges. This includes referrals lo social services, mental health teams, housing support. debt advice, and other agencies, ensuring that those we support receive comprehensive and sustainable assistance.
Community Volunteers Wales Trustees, Annual Report (conllnuedj Year ended 31 March 2024 Financial review Transactions and financial position The financial statements are sel out on pages 9 10 22. 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 lo charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 Icharilies SORP IFRS 10211 and the Charities Act 2011. The Statement of Financial Activities shown on page 9 to the accounts discloses net incoming reSoUrS for the year of £12,07912023'. £6,112). The lotsl reserves al the year-end stand al £72,43212023.' £60,353). 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 al a level that ensures core activity can continue for three months in the event of disruption of income streams". Funds are lo 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 2024. The charlty's prlnclpal sources of funds The charity's principal sources of funding for the year ended 31 March 2024 are disclosed in note 5 10 the financial stslements.
Community Volunteers Wales Trustees, Annual Report (conllnuedj Year ended 31 March 2024 Plans for future periods The charity has an exciting array of activities and projects planned for the forthcoming year, focused on supporting the community, fostering connections, and addressing pressing needs. Key initiatives include.. 1. Expanding Mental Health Support We will continue lo work alongside local surgeries, pharmacies, and self-referrals lo identify individuals experiencing low-level mental health challenges. These individuals will be encouraged lo participate in outdoor activities that reconnect them with nature and promote well-being. This is the main focus of the Inlegraled Wellbeing Netsork, facilitated by ABUHB, in which we participate. 2. TTrnsPOrt to Health Our Iransportalion service for medical appointments will remain a priority. This essential project relies on volunteer drivers and two vehicles,. however, demand often outpaces availability. We aim to boost both the number of vehicles and the recruitment of volunteer drivers to meet this critical need. . Dèy Trips We plan to organise pre-bookable day trips at least once per month, priced affordably to cover transport and associated costs. These outings are designed to enhance social inclusion and create memorable experiences for participants. 4. Clothès Collecli¢)ns We will continue to operate an outdoor clothes bin al the Channel View Community Centre, complemented by six-monlhly donation points. These collections benefit the community while reducing waste. 5. The Snug Coffee Shop We aim to enhance the services offered at The Snug by increasing venue hire and continuing lo provide pastoral care and support. All proceeds will be reinvested into the charity to sustsin and expand our community projects. 6. rhe P8nttl Our community eco food shop will continue its mission lo reduce food waste, redistribute surplus food al low cost, and provide a warm and safe space for visitors lo engage with our team. 7. Youth Club vwth secured funding, continue to host a Youth Club in the Snug I1 a week. This initiative will provide a safe and fun space for young people, help redu anti-social behaviour, and include workshops on life skills such as cooking, CV writing, and budgeting. 8. Dan Y Graig and Ri5ca Park Development We are collaborating with CCBC lo lake over a local park area and building. Dan Y Graig will be transformed into a peaceful area for meditation, personal growth, and contemplation. Meanwhile, the building in Risca Park will house a new Bike Hub, offering drinks and snacks to the public. These projects will not only provide valuable community resources but also contribute to financing the charity's ongoing work.
Community Volunteers Wales Trustees, Annual Report (conllnuedj Year ended 31 March 2024 9. rhe Sycamorn Centre We are thrilled to announce our plans lo lease-to-buy the Sycamore Cenlre, a vitsl community hub that will significantly enhance our ability to deliver seNices and support local residents. This centre will serve as a multi-purpose space, enabling us lo expand existing projects and develop new initiatives that address the evolving needs of our community. By securing this facility, we aim lo create a long-lerm base for our charity that offers stability and sustainability, ensuring we can continue lo make a meaningful impact for years lo come. 10. Collaboration Aclivilies 4t the sYcanM) Centre The Sycamore Centre will also be a focal point for collaboration, bringing together a range of organisalions and groups lo work towards shared goals. We are partnering with schools, local authorities, healthcare providers, and other charities to deliver integrated support for residents. These collaborations include hosting workshops, training sessions, and outreach programmes that tackle issues such as mental health, food insecurity, and employment challenges. By pooling reSoUrS and expertise, we aim to create a cohesive support network that maximises the positive impact on the community. We remain committed to developing innovative projects and fostering collaboration lo meet the evolving needs of our community while creating lasting social value. The trustees, annual report was approved on 30 January 2025 and signed on behalf of the board of trustees by.. Mrs DL Derraven Trustee
Community Volunteers Wales Independent Examiner's Report to the Trustees of Community Volunteers Wales Year ended 31 March 2024 I report lo the trustees on my examination of the financial statements of Community Volunteers Wales I'the charily'l for the year ended 31 March 2024. Responsibilities and basis of report As the Iruslees of the charity you are responsible for the preparation of the financial statements in accordan with the requirements of the Charities Act 20111'the Act'i. 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 14515llbl of the Act. Indgpendent 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.. accounting records were not kept in respect of the charity as required by section 130 of the Act., or the financial statements do not accord with those records", or 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 fairf 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 lo which attention should be drawn in this report in order to enable a proper understsnding 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 30 January 2025
Community Volunteers Wales Statement of Financial Activities Year ended 31 March 2024 2024 Restricted funds Total funds Total funds 2023 Unrestricted funds Not• Income and endowments Donations and legacies Charitable activities Other trading activities Investment income Other income 3,037 17,585 59,530 111 3,925 248 92,626 3,285 110,211 59,530 13,594 93,678 76,469 72 3,925 Total income 84,188 92.874 177,062 183,813 Expenditure Expenditure on charitable activities Total expenditure 9,10 87,981 77,002 164,983 177,701 87,981 77,002 164,983 177,701 Net ineome 13,7931 15,872 12,079 6,112 Transfers beeen fvnds 7,002 17,0021 Net movement in funds 3,209 8,870 12,079 6,112 Reconciliation of funds Total funds brought fotward Total funds carried foThvard 1,972 58,381 60,353 54,241 5,181 67,251 72,432 60,353 The slalement 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.
Community Volunteers Wales Statement of Financial Position 31 March 2024 2024 2023 Notè Fixed assets Tangible fixed assets 18 25,203 26,859 Current assets Debtors Cash at bank and in hand 19 16,249 34,048 15,089 69,924 50,297 85,013 Creditors: amounts falling due within one year Net current assets 20 3,068 51,519 33,494 47,229 Total assets less current Ilabllltles 72,432 60,353 Net assets 72,432 60,353 Funds ofthe charity Restricted funds Unreslricled funds 67,251 5,181 58,381 1,972 Total charity funds 22 72,432 60,353 These financial statements were approved by the board of trustees and authorised for issue on 30 January 2025, and are signed on behalf of the board by". ri4r• Mrs DL Derraven Trustee The notes on pages 11 to 22 form part of these financial statements. 10
Community Volunteers Wales Notes to the Financial Statements Year ended 31 March 2024 General information The charity is a public benefi't entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is The Pantri, 49 Tredegar Street, Risca, Newport, NP116BW. 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 IFRS 1021 (Charities SORP IFRS 10211 and the Charities Act 2011. 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 steding, which is the functional currency of the entity. All amounts included in the finsncial statements have been rounded to the nearest £1. Golng 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, al the lime of signing these accounts there are no material uncertainties about the charity's ability lo continue. Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, eslimales 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 Unreslricled funds are available for use al the dIretIOn of the trustees to further any of the charity's purposes. Restricted funds are subjected lo restrictions on their expenditure declared by the donor. Incoming resources All income is included in the statement of financial activities when enlillemenl 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 ineome". 11
Community Volunteers Wales Notes to the Financial Statements (¢onllt)ue Year ended 31 March 2024 Accounting policies {conllnu8d) Incoming resources (continu8dJ income from donations or grants is recognised when there is evidence of entillemenl to the gift, receipt is probable and ils amount can be measured reliably. income from contracts for the supply of ServIS is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for il lo be spent on a particular purpose and returned if unspent, in which case it may be regarded as reslricled. 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 Il relates.. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of ils 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 aclivib'es. All costs are allocated lo expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly lo that activity. Shared costs are apportioned between the activities they contribute lo on a reasonable, justifiable and consislenl basis. Operatlng leases Lease payments are recognised as an expense over the lease term on a slraight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a slraight-line basis. Tangible assets Tangible assets are initially recorded al cost, and subsequently slated at cost less any accumulated depreciation and impairment losses. Depreciation Depreciation is calculated so as lo write off the cost or valuation of an asset, less ils residual value, over the useful economic life of that asset as follows.. Plant and machinery Fixtures and fittings Motor vehicles Kitchen Equipment 20,/0 Straight line per annum 200/0 Straight line per annum 250/¢ Straight line per annum 200/0 Straight line per annum 12
Community Volunteers Wales Notes to the Financial Statements (¢onllt)ue Year ended 31 March 2024 Accounting policies {conllnu8d) Defined contribution plans Contributions lo 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 sellled wholly within 12 months of the end of the reporting dale in which the employees render the related servi, the liability is measured on discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which il arises. Donations andlogacies Unrestricted Funds Restricted Totsl Funds Funds 2024 Donations Donations 3,037 248 3,285 Unrestricted Funds Restricted Total Funds Funds 2023 Donations Donations 13,119 475 13,594 Charltable actlvltles Unrestricted Funds Restricted Total Funds Funds 2024 Caerphilly County Borough Council Community Foundation in Wales Gwenl Association of Voluntary Organisalions National Grid Moondance Newport County Council Community Transport Association other income from charitable activities 14,191 30,647 10,000 44,838 10,000 5,000 40,000 5,000 40,000 6,979 6,979 3,394 3,394 17.585 92,626 110,211 13
Community Volunteers Wales Notes to the Financial Statements (¢onllt)ue Year ended 31 March 2024 Charitable activities (con*nu8d) Unrestricted Funds Restricted Totsl Funds Funds 2023 Caerphilly County Borough Council Community Foundation in Wales Gwenl Association of Voluntary Organisalions National Grid Moondance Newport County Council Community Transport Association other income from charitable activities 320 34,083 34,403 26,488 10,000 26,488 10,000 5,000 7,500 7,344 5,000 7,500 10,287 2,943 3,263 90,415 93,678 other trading activities Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 The Snug Cafe takings The Pantri membership fees Venue hire 59,280 59,280 75,829 640 75,829 640 250 250 59,530 59,530 76,469 76,469 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Bank Interest receivable 111 111 72 72 Other income Unrestricted Total Funds Unrestricted Totsl Funds Funds 2024 Funds 2023 Gain on disposal of tangible fixed assets held for charity's own use 3,925 3,925 14
Community Volunteers Wales Notes to the Financial Statements (¢onllt)ue Year ended 31 March 2024 Expenditure on charitable activities by fund type Unrestricted Funds Restricted Total Funds Funds 2024 Core activity, including community volunteering and support Families First & Cookbook Food Poverty We Cycle Bags2School Safe and Well We Connect @ The Snug Youth Club The Pantri Sim Cards Community Empowerment Fund Green Grid Fund Isolation Loneliness Summer of Fun Sustainable Food Transport to Health Ukrainian Refugees Warm Bank Support costs 2,708 2,708 11,005 11,005 19 672 2,308 4,987 4,879 10,465 225 613 4,600 1,200 160 6,089 18,448 240 6,657 4,455 19 672 2,308 62,027 4.879 24,656 225 613 4.600 1.200 729 6,069 18,448 240 6,657 17,928 57,040 14,191 569 13,473 87,981 77,002 164,983 Unrestricted Funds Restricted Total Funds Funds 2023 Core activity, including community volunteering and support IT and Equipment funding Food Povety We Cycle Bags2School Safe and Well We Connect @ The Snug POBL We Grow Youth Club The Pantri Sim Cards Community Empowerment Fund Green Grid Fund Isolation Loneliness Summer of Fun Sustainable Food Transport to Health Ukrainian Refugees Warm Bank Support costs 2,185 2,185 442 3,378 6,210 146 455 84,614 30 6,909 121 7,713 639 4,014 1,094 1,196 15,890 4,320 9,019 260 6.041 23,025 177,701 442 3,378 6,210 146 455 2,036 30 6,909 121 5,693 639 4,014 1,094 1,196 15,890 4,320 9,019 260 6,041 8,385 82,578 2,020 14.640 101,423 76,278 15
Community Volunteers Wales Notes to the Financial Statements (¢onllt)ue Year ended 31 March 2024 10. Expenditure on charitable activities by activity type Activities undertaken directly Support costs Totsl funds 2024 Total fund 2023 Core activity, including community volunteering and support IT and Equipment funding Families First & Cookbook Food Poverty We Cycle Bags2School Safe and Well We Connect @ The Snug POBL We Grow Youth Club The Pantri Sim Cards Community Empowerment Fund Green Grid Fund Isolation Loneliness Summer of Fun Sustainable Food Transport to Health Ukrainian Refugees Warm Bank 2,708 11,588 14,296 18,654 442 11,005 11,005 3,378 8,070 146 455 89,140 30 6.909 121 7.883 639 4,014 1,094 1,196 15,890 4,320 9,019 260 6,041 19 672 2,308 62,027 1,860 1,879 672 2,308 66,507 4,480 4,879 24,656 225 613 4,600 1,200 729 6,069 18,448 240 6,657 4,879 24,656 225 613 4,600 1,200 729 6,069 18,448 240 6,657 147,055 17,928 164,983 177,701 11. Analysis of support costs We Connect We Cycle @ The Snug Total 2024 Total 2023 Core activities Staff costs Premises Communications and IT General office Finance costs Governance costs Insurance Motor & travel expenses Subscriptions Depreciation 170 2,007 2,294 4,430 241 2,194 422 1,422 1,430 8,415 672 800 1,534 63 2,482 145 4,218 1,474 200 672 1,049 1,810 63 2,482 145 4,218 1,833 5,656 249 276 359 3,596 1,860 11.588 1,860 4.480 17,928 23,025 16
Community Volunteers Wales Notes to the Financial Statements (¢onllt)ue Year ended 31 March 2024 12. Taxation The charity is considered to pass the tests sel 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. 13. Net income Nel income is stated after chargingllcrediling}'. 2024 2023 Depreciation of tangible fixed assets Gains on disposal of tangible fixed assets 5,656 13,9251 8,415 14. Independent examination fees 2024 2023 Fees payable to the independent examiner for.. Independent examination of the financial statements 1,320 1,200 15. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows". 2024 2023 Wages and salaries Employer contributions lo pension plans 57,104 140 41,171 227 57,244 41,398 The average head count of employees during the year was 912023.. 41- No employee received employee benefits of more than £60,000 during the year12023". Nill. 16. Trustee remuneration and expenses No trustees or any persons connected with them have received any remuneration during the year 12023. £nill. During the year the charity operated from premises owned by a connected person of a trustee. Total rent paid al arm's length was £8,66712023.' £1,733). In addition, prior to their appointment as a trustee, one trustee provided marketing setwices to the charity. Total fees paid to them for this work was £1,50012023.' £nill. Other than the above, no other expenses were paid lo a Iruslee or any persons connected with them. 17
Community Volunteers Wales Notes to the Financial Statements (¢onllt)ue Year ended 31 March 2024 17. Transfers between funds A transfer of £998 12023.. £3601 has been made from unreslricled reserves to three restricted reserve funds which is the charity's own contribution towards these aclivilies. A further transfer of £8,00012023.' £nill has been made from the restricted fixed asset fund lo unrestricted reserves following the disposal of an asset where the charity was able to keep the proceeds and use at their discretion. Full details are shown in note 22 to the accounts. 18. Tangible fixed assets Plant and Fixtures and machinery fillings Motor vehicles Equipment Total Cost At 1 April 2023 Additions Disposals At 31 March 2024 7,548 6,260 16,000 12,000 116,0001 12,000 9,466 39,274 12,000 116,0001 35,274 7,548 6,260 9,466 Depreciation Al 1 April 2023 Charge for the year Disposals At 31 March 2024 1,510 1,510 1,252 1,252 8,000 1,000 18,0001 1,000 1,653 1,894 12,415 5,656 18,0001 10,071 3,020 2,504 3,547 Carrying amount At 31 March 2024 4,528 6,038 3,756 5,008 11,000 8,000 5,919 25,203 At 31 March 2023 7,813 26,859 19. Debtors 2024 2023 Trade debtors Prepayments and accrued income Other debtors 5,059 9,000 2,190 16,249 4.051 9,950 1,088 15,089 20. Creditors.. amounts falling due within one year 2024 2023 Accruals and deferred income Other creditors 3,068 1.604 49,915 3,068 51,519 18
Community Volunteers Wales Notes to the Financial Statements (¢onllt)ue Year ended 31 March 2024 21. 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 £14012023.. £2271. 22. Analysis of charitable funds Unrestricted funds Al 1 April 2023 At 31 March 2024 Income Expenditure Transfers General funds We Connect @ The Snug The Pantri 1,972 10,647 119,2601 7,002 361 59,350 14,191 84,188 154,5301 114,1911 187,9811 4,820 1,972 7,002 5,181 Al 1 April 2022 At 31 March 2023 Income Expenditure Transfers General funds We Connect @ The Snug The Pantri 10,347 14,436 114,6541 {8,1571 1,972 485 77,847 640 184,7491 12,0201 1101,4231 6,417 1,380 13601 10,832 92,923 1,972 19
Community Volunteers Wales Notes to the Financial Statements (¢onllt)ue Year ended 31 March 2024 22. Analysis of charitable funds {contInue Restricted funds At 1 April 2023 At 31 March 2024 Income Expenditure Transfers Fixed Asset Fund IT & Equipment Families First & Cookbook Food Poverty We Cycle Bags2 School Safe & Well We Connect @ The Snug POBL We Grow Youth Club The Pantri Sim Cards Community Empowerment Fund Green Grid Fund Isolation Loneliness Summer of Fun Sustainable Food Transport to Health Ukrainian Refugees Warm Bank 8,000 {8,000} 15,698 111,0051 4,693 10,004 424 2,308 11,8791 16721 12,3081 8,125 248 9,790 3,868 17,5821 6,076 805 4,879 805 14,8791 110,4651 12251 52,076 41,611 225 16131 14,6001 11,2001 11601 16,0691 118,4481 12401 16,6571 177,0021 613 10,000 1,200 5,400 160 2,680 11,469 240 7,782 3,930 6,979 541 11 1251 92,874 58,381 {7,002} 67,251 20
Community Volunteers Wales Notes to the Financial Statements (conllnue Year ended 31 March 2024 22. Analysls of charltable funds (contlnued) Restricted funds (continu8d) Al 1 April 2022 At 31 March 2023 Income Expenditure Transfers Fixed Asset Fund IT & Equipment Families First & Cookbook Food Poverty We Cycle Bags2 School Safe & Well We Connect @ The Snug POBL We Grow Youth Club The Pantri Sim Cards Community Empowerment Fund Green Grid Fund Isolation Loneliness Summer of Fun Sustainable Food Transport to Health Ukrainian Refugees Warm Bank 12,000 442 14,0001 14421 8,000 378 16,324 185 2,673 3,000 1,750 385 90 13,3781 18,0701 11461 14551 10,004 424 2,308 11,181 12 214 3,000 14,3911 1301 16,9091 11211 15,8631 16391 9,790 18 7,500 5,000 5,863 639 805 4,879 3,868 1,094 1,000 15,890 7,000 20,488 500 13,823 14,0141 11,0941 11 1961 115,8901 14,3201 19,0191 12601 16,0411 176,2781 146 196 2,680 11,469 240 7,782 43,409 90,890 360 58,381 23. Analysis of net assets between fund$ Unrestricted Funds Restricted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Net assets 11,600 13,3511 13,0681 5,181 13,603 53,648 25,203 50,297 13,0681 72,432 67,251 Unrestricted Funds Restricted Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year Net assets 800 2,894 11,7221 1,972 26,059 82,119 149,7971 58,381 26,859 85,013 151,5191 60,353 21
Community Volunteers Wales Notes to the Financial Statements (conllnue Year ended 31 March 2024 24. Operating lease commitments The total future minimum lease payments under non-cancellable operating leases are as follows.. 2024 2023 Not later than 1 year Later than 1 year and not later than 5 years 18,267 17,600 35,867 18,267 27,200 45,467 22