Charity rogistration number 1191842 Company r¥glstratlon number 10922760 {England and Walè$l NORTH NORTHUMBERLAND VOLUNTARY FORUM ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
NORTH NORTHUMBERLAND VOLUNTARY FORUM LEGAL AND ADMINISTRATIVE INFORMATION Dire¢tors And Trustees Mr5 J. Pannell Mr G. Scoll Ms F. Simpson - Chair Mrs J. Casson - Vice Chair Mr J. Elliott- TreaSur Ms T. Sowerby Mr C. Hardy Mr5 B. Huddart Mr5 M. Deans Mrs W. Hanson Miss A. Petrie Mr P. Barrell {Appoinled 22 Novembei 20231 {Appointed 22 November 20231 Charity number 1191842 Company numbgr 10922760 Independent oxaminèr Colin Frame CA 17 Walkergale Berwl¢k-upon-Tweed Northumberfand TD15 1DJ Bankers Unity Trust Bank plc Nine 6rindleypla¢e 4 Oozells Square 8imiingham B1 2HB Solicitors Adam Douglas Legal LLP Market Place nwick Northumberland NE66 1HP
NORTH NORTHUMBERLAND VOLUNTARY FORUM CONTENTS Page Directors And Trustees report Independent examiner's report Slalement of finan¢lal activities Balance sheet Notes lo the financial statements 9-20
NORTH NORTHUMBERLAND VOLUNTARY FORUM DIRECTORS AND TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The directors and Iruslees present their annual report and financial statements for the year ended 31 March 2024. The financial slalements have been prepared in accordance with the accounting pollcies sel out in note 1 to the financial slalemenls and comply with the Forum's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Pra¢liGe applicable lo charities preparing their a¢¢ounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021" leffe¢live 1 January 20191. Oblectlves and activitie5 North Northumberland Voluntary Forum (the Forum) charitable company's oblects are:_ To promote for the publlc benefit the efficiency and effectiveness of the voluntary se¢lor in North Northumberland and surrounding areas in particular but not exclusively by.. Promoting, organising and facilitsting co-operation and partnership working between third sector, statutory and other relevant bodies in the achievement of the above purposes within the area of benefit. The directors and trustees have paid due regard lo guidan¢e issued by the Charity Commisston in deciding what activities the Forum should undertake. Achievements and p&rformance The year 2023 - 2024 saw an excellent lurnoul for the Awards Ceremony held in the Rugby Club. Berwck in September kindly supported by Bedmax Ltd. The aim of these Awards is to recognise oulslanding examples of Inspirational voluntary dedication that makes a cruc1al difference to people who need il the mosl in North Northumberland. The Berwck Voluntary Cenlre, BerwSck has been a¢lively used by a Tuesday morning Art Group. monthly Veterans Wami Hub and weekly Crafters Afternoon Tea. Other Organisalions using the Centre regularly are the Conservation Area Advisoiy Group, Tribunal Services and for various training sessions hosted by resident Organisations. Resident Organisab'ons include Northumberland Citizens Advice. Berwick and District Friends of Dementia and CYGNUS. Continuing $èrvlc&s Rural Us funding from the National Lollery ended In October 2023 and the employment of the Project Officer ceased. Weekly Craft sessions continued to be delivered until Ma¥¢h 2024. A request for future funding for Rural Us has been submitted lo the National Lollery Volunteering in North Northumberland IVINNI has funding from the Lough Fund and Community Foundaltin up unlll June 2025. Community Action Northumbedand continue lo give the Voluntary Centre £1.200 funding towards energy cost5 as the building is a registered Warrn Hub Centre. hrtemory Laners, the music-based Service for people living with dernenlia, is going from strength to strength. Further fundin9 has been re¢eived from the Ballinger Fund. Our North Northumberland Network meetings held quarterly in Village Halls throughout the NNVF area. are funded by Thriving Together. These meetings are well attended. There have been some changes in the Board of DireGlors and Trustees and we were delighted to welcome Alison Petrie and Paul Barrell to the Board. The following stood down from the Board, Catherine Seymour and Lynn Pringle.
NORTH NORTHUMBERLAND VOLUNTARY FORUM DIRECTORS AND TRUSTEES REPORT (INCLUDING DIRECTORS. REPORTI {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Looking forward Voluntary Awards Evening will be going ahead at the Rugby Club in September 2024 and once again supported by Bedmax Ltd. Community Transport in North Northumbefland is a new pr()jecl to be taken on by NNVF and funded by the National Lottery Fund for 3 years. A Community Transport Project Officer was appointed and commenced his role in October 2023. Funding is always a continuing issue for the Forum. Whilst our financial position is sound, there are increasing demands that we would like lo be able to support. As an organisalion we arg always looking lo bid for funding for new projects that we wish to support. Vve always look to the future in order to show that NNVF 15 a thriving organisalion in the Voluntary and Community Sector in North Northumberland. Financlal revlew The financial results of the Forum are shown on pages 6 to 20 of the financial statements for Ihe year. The Slalement of Financial Activities records 8 deficit of £21.973 {2023- £46,101 deficit} for the year. The balance of free funds al 31 March 2024 wa5 £4,315 {2023'. £13,650}. The Unrestricted Designated Fund totalled £12,311 12023.. £10,480) and represents funding designated by the directors and Iruslees for particular projects. The Restricted Fund tolalled £34,621 12023.. £49,090) and consists of donations and 9rants received for specific purposes and related expenditure. Reserves policy The directors and trLJStees have reviewed the Forum's reserves. The Forum will in due course attempt lo balance its expenditure against income derived from rents and charges. Reserves are only held to manage cash flow andlor where Specific future expenditure has been identified. 11 is the policy of the Forum that unreslri¢led funds which have not been designated for a spe¢ific use should be maintsined al a level equivalent to between three and six month's expenditure. The directors and trustees Consider that reseNes at this level will ensure that, in the event of a significant drop in funding. they will be able to continue the Fcirum's Current activities while consideration is given lo ways in which additional furids may be raised. This level of reserves has been maintained throughout the year. Rlsk management The directors and Iruslees have assessed the major risks to which the Forum Is exposed. and are satisfied that systems are in place to miligale exposure to the major iisks. Public benefit In Considering the operation. achievements and performance and finances of the Forum, the directors and trustees are satisfied that publi¢ benefit has been provided in accordance with the Charities Act 2011 and guidance provided by the Charity Commission.
NORTH NORTHUMBERLAND VOLUNTARY FORUM DIRECTORS AND TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Structure. governancè and managemènt The Forum is a ¢ompany limited by guarantee and 15 governed by ils Memorandum and Arbcles of Association adopted on 13 O¢tober 2020. The members of the Forum are the current directors and trustees. Every member has one vote al general meets'ngs ot the Forum, which may be given either personally or by proxy. The business of the Forum is managed by the director5 and Iruslees, who may exercise all the powers of the Forum. The minimum number of directors and trustees is two, with no maximum limtt. The directors and trustees may appoint al any lime dire¢tor$ and trustees to fill a vacancy or as additional directors and Iruslees. One third of directors and trustees are due lo retire from office at the annual general meeting, bul are eligible for re-ele¢lion. Al the AGM Ms F. Simpson, Mr J. Elliott, Mr C. Hardy and Mrs B. Huddart 11 retlre and all are eligible for re- election. Having been appointed since the last AGM. Miss A. Petrie and Mr P. Barrett automatically retire, with both eligible for re-election. New directors and trustees are given a copy of the Memorandum and Articles of Association, tho laiesl report and arLounls, and all the Forum's documents on governance. Subject lo their experience and expertise, they are also given pamphlets issued by the Charity Commission explaining the duties ol Trustees of Charities and offered training in any areas ol their duties which they think they would like StngthenIng. Directors and trustees The directors and trustees, who are a150 the director5 for the puipose of company law, and who served during the year and up lo the date of signature of the financlal slalements were.. Mrs J. Pannell Mr G. Scott Ms F. Simpson- Chair Mrs J. Casson- Vice Chair Mr J. Ellioll- Treasurer M8 T. Sowerby Mr C. Hardy Mrs L. Pringle Mrs C. Seymour Mrs B. Huddart Mrs M. Deans hdrs W. Hanson hrtiss A. Petrie Mr P. Barrell {Resigned 3 July 20231 {Resigned 22 November 20231 (Appointed 22 November 2C1231 (Appointed 22 November 20231 None of the directors and trustees has any beneficial interest in the Forum. All of the directors and Irusteeg are members of the Forum and guarantee to contribute £10 in the event of a winding up.
NORTH NORTHUMBERLAND VOLUNTARY FORUM DIRECTORS AND TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 statement ol directors and trustees responsibllitles The directors and Iruslees, who are also the directors of North Northumberfand Voluntary Forum for the purpose of company law. arè responsible for preparing the Directors And Trustees Report and the financial statements in accordan with applicable law and United lfjngdom Accounting Stsndards (United Kingdom Generalty Accepted Accounting Practice). Company Law requirès thè dir&ctors and Iruslee5 to prepare financial statemènts for èach financial year which give a true and fair view of the slate of affairs ol the Forum and of the incoming resources and application ol resources. includitYJ the In¢ome and expend¢ture, of the charitable eompany for that year. In prèparing these financAal statements, Ihe director5 and tru51ee5 are required lo= select suitable accounting policie5 and then apply them consislenlly- observe the methods and principles in the Charities SORP.. - makèjudgènpnls and estimates that are reasonable and prudent., stsle whether applicable UK Accounting Standards have been followed, subject to any malerrdl departurès disdosed and explained in th¢ financial statements,. and prepare the finènci81 stslernents on the going conrn basis unless it is inoppropriale to presume that the Forum will continue in opèration. The directors and Iru51ees are responsible for keeping adequate aecounting raeords that disclose with reasonable CCUTacy at any lime the financial position of thè Forum and enable them lo ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Forum and hence for tsking reasonable steps for the prevention and detection of fraud and olher irregularits"es. The dwectors and trustees report was approv8d by the Board of Directors And Trustees. Ms F. Simpson - Chair Director and Trustee
NORTH NORTHUMBERLAND VOLUNTARY FORUM INDEPENDENT EXAMINER'S REPORT TO THE DIRECTORS AND TRUSTEES OF NORTH NORTHUMBERLAND VOLUNTARY FORUM I report to the directors and Iruslees on my examination of the financial statements of North Northumberf8nd Voluntary Forum (the Forum) for the year ended 31 March 2024. Responsibilities and basis of report As the directors and trustees of the Forum land also it5 directors for the purposes of company lawl you are responsible for tre prep8ialion of the finan(a81 statgmènts in acix)rdaneè with the requirements of the Companies Act 2006 (the 2006 Acll. Having satisfied myseEf that the finanaal statements of the Forum are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Forum's financial slalemenls carried out under 5ecllon 145 of the ChariliÈs Act 2011 Ithe 2011 Act) In carrying out my examination I have followed all the applicable Directs"ons given by thg Charity Commission undér sèction 1451Sllbl of the 2011 Act. Independent exarnlnÈVs ststèmènt I have completed my examination. l confirm that no matters have come to my attention in connection with the examination giving me cause to lIeVe that in any rnaterial respect- accounting records were not kept in respect of the Forum as required by section 386 of the 2006 Act., or the financial slalements do not accord with those records,. or the financial staternen15 do not comply with the accounting requirements gf secllon 396 01 the 2006 Act othar than any requirement that the accounts give a true and fair view which is not a matter considered a5 Part of an independent examination., or the financial statements have not been prepared in accordance with the rnelhod5 and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable lo charities preparing thair accounts in aeeordance wth the Finanaal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no other concerns and have (xjme across no other matters in connection with the examination to whid) attention should be dravm in this report in order to enable a proper underslandkng of the financaal slatsmonts lo be reached. Colin Frame CA 17 Walkèrgatè Batv4id(-upon-Tweed Northumberland TD15 1DJ D8tÈd.'
NORTH NORTHUMBERLAND VOLUNTARY FORUM STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Current financial y¥ar Unrestricted Unrestrlcted funds funds general designated funds 2024 Restricted funds Total Total 2024 2024 2024 2023 Note$ Income and endowments from: Donations and lega¢ies Charitable activities other trading acts'vilies Othèr income 1.676 21,782 10,000 34.679 46.355 21.782 300 698 25,942 13,535 1,200 603 300 698 Total income 23,458 10.000 35,677 69,135 41,280 Expendlturè on: Charitable activities 32,793 8,169 50.146 91,108 87,381 Total expenditur 32.793 8,169 50,146 91.108 87,381 Net incomellexpenditurel and movement in funds 19,3351 1,831 (14.4691 121.9731 146,1011 Reconciliation of funds: Fund balan¢9$ at l April 2023 13.650 10,480 49.090 73.220 119.321 Fund balances at 31 March 2024 4,315 12,311 34,621 51.247 73.220 The slalemenl of financial activities includes all gains and losses recognised the year. All income and expenditure derive from continuing aclivilies.
NORTH NORTHUMBERLAND VOLUNTARY FORUM STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Prlor finan¢lal year Unrestricted Unre$tri¢tèd funds funds genèral designated funds 2023 Rastrictad funds Total 2023 2023 2023 Notes Income and endowmonts from: Oonalions and legacies Charitable activities Other trading activities other income 1.342 13,535 10.000 14,600 25,942 13,535 1,200 603 1.200 603 Totsl Incomo 14,877 10,000 16,403 41,280 Expenditure on.. Charitable activities 26,506 8,406 52,469 87,381 Total expenditu 26,506 8.406 52,469 87,381 Net incomellexpenditur¢l and movemènt in funds {11,6291 1.594 136.066) 146,1011 Reconciliation ot fund$: Fund balances at 1 April 2022 25,279 8.886 85.156 119,321 Fund balance5 at 31 March 2023 13,650 10.480 49.090 73,220
NORTH NORTHUMBERLAND VOLUNTARY FORUM BALANCE SHEET ASAT31 MARCH2024 2024 2023 Notes Fixed asset5 Tengible assets 13 8,141 9.069 Current assets Debtors Cash at bank and In hand 14 2.040 43.854 8.139 60,308 45,894 68,447 Creditor5: amount$ falling due wlthln one year 15 12,788} 14.2961 Net eurrent assets 43,106 64.151 Net assets 51,247 73.220 The funds of the Forum Restncted Income funds Unrestricted funds- general Unrestricted funds- designatèd funds 16 34,621 4,315 12,311 49,090 13.650 10.480 17 51,247 73.220 The charitable ¢ompany is enlilled to Ihe exempts"<)n from the audit requirement contained in section 477 of the Companw Act 2006. for the year ended 31 March 2024. The directors aeknowledge their re5ponsibililies for complying with the requirements of the Companies Aet 2006 th respect to accounting reeords and the preparation of financial statements. The mèmbèrs have not required the company to obtsin an audit ot ils finanual statements for the year in question in accordanee with section 476. These financial statemènts have teen prepared in accordance with the prow5ions applicable lo (y)mpan$ subject lo the small companies règlrne. The financial statements were approvsd by1h# dire¢lors and trustees on Mrs J. Pannell Director and Ms F. SirThpson - Chair Dlr•ctor and Trustse rusi•• Company ragistralfon number 10922780 (England and W8lesl
NORTH NORTHUMBERLAND VOLUNTARY FORUM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Aeeountlng policies Charity information North Northumbèrland Voluntary Forum is a charitable company limited by guarantee incgrporaled in England and Wales. The registered office is Berwck Voluntary Centre, 5 Tweed Street, 8erwick-upon-Tweed. Northumberfand, TD15 1 NG. 1.1 Aecountlng convention The financial statements have been prepared in accordance with the Forum's Memorandum and Articles of Associath"on, thè Companies Act 2006, FRS 102 "The Financial Reporting Stsndard applicable in the UK and Republic of Iroland" I'FRS 102.1 and the Charities SORP 'Accounting and Reporting by Charities". Statement ol Recommended Pra¢lice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic tsf Ireland IFRS 1021. (effective 1 January 20191. The Forum is a Public Benefit Entity as defined by FRS 102. The Forum h8$ lak$n advantage of the provisions in the SORP for charities not lo prepare a Statement of Cash Flows. The finanaal statements are prepared in sterfing, which 15 the fvnctional currèncy of the Forum. Monetary amounts in these finanaal statements are rounded to the nearest £. The fjnancial statements have been prepared under the historical cost cnnvents'on. The puncipal accounting policies adopted are set ovl below. 1.2 Golng concern Al the time of approving the financial ststements, the directors and trusteès have a reasonable expectation that the Forum has adequate resources to continue in operational existence for the loreseeable future. Thus the directors and trustees continue to adopt the going concern basis of 8ccounling in preparing thè financial slalements. 1.3 Charltable funds Unrestricted funds are available for use at the discretion of the dbrectsrs and trust88s in furthar8n(* of their charitable 0.eCtives. DèsKJnated funds comprise funds which have been set aside al the discielion of the directors and trustees for spseific purposes. The purposes and uses of the designated funds are 58t out in notes to th& financial slalement5. Re51riclèd funds ara subjèct to specific conditions by donors or grantors as to how they may be used. Thè purposes and uses of the reslricled funds are Set out in the notes to the financial slatemenls. 1.4 Income In(x)me is re(x)gnised when the Forum is legally entItd to it after any performance conditions have been mot, the amounts can be measured reliably, and it is probable that incoma wll be receNed. Cash donations are recognis8d on rèeèipt. Other donations are rewgnised once the Forum has been notified of the donation. unless perfomiance conditions require deferral of thè amount. Income tax recoverable in relation to donations received under GrftAid or deeds of crJven8nt is reeognised at the time of the donation. Intangible donations are included at the value of the services provided. Grants re¢eivab1e arè ertditad to Statèmènt of Financial Activitses when the Forum is enlilled to received them.
NORTH NORTHUMBERLAND VOLUNTARY FORUM NOTES TO THE FINANCIAL STATEIAENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting pollcles IContinued} 1.5 Expèndlture Expenditure is recognised once there is a legal or conslruclive obligation to transfer economic benefit lo a third party, it is probable that a transfer of economic benefits wll be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The Costs of each activity are made up of the lolal of dif1 costs and shared costs, including 5LIPPDrt costs involved in undertaking each aclivily. Direct costs attributable to a single activity are allocated directly lo that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single a¢livily are apportioned between those a¢tivilEs on a basis consistent with the use of resources. Centml staff costs are allocated on the basis of lime spent, and depreciation charges are allocated on the portion of the asset'5 use. All expenditure is accounted for on an accruals basis. Resources expended are allocated lo the parti¢ular activity where the cost can be directly related lo that activity. 1.6 Tangible fixed assets Tangible fixed assets are initially measured al cost and subsequently measured at Cost or valuation, nel of depreciation and any impairment losses. Depreciation is re¢ognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases". Property Improvements Equipment 100/0 reducing balan 15% 120% reducing balance The gain or1035 arising on the disposal of art asset is determined as the difference between the sale proceeds and the Carrying value of the asset, and Is recogni5ed in the statement of financial aclivilies. 1.7 Impairmentoffixgd assots At each reporting end date, the Ftsrum reviews the carrying amounts of ils tangible a55els lo determine whether there is any indication that those assets have suffered an impairment 10s5. If any Such indication exists. the cOVerable amount of the asset is eslimaled in order to determine the exlenl ol the Impaimienl loss lif any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand. deposits held at call with banks. other short-term liqttid nveslmenls with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown wllhln borrowngs in ojrrent liabilities. 1.9 Financial instruments The Foiljm has elected lo apply the provisions of Section 11 'Basic Financial Inslrumenls, and Section 12 'Other Financial Instruments Issues. of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Forum's balan¢e Sheet when the Forum becomes party lo the contractual provisions of the instrument. Financial as5els and liabilities are offset, with the nel amounts presented Sn the finanual slalements. when there is a legally enforceable right lo sel off the recognised amounts and there is an intention to settle on a nel basis or to realise the asset and settle the liability simultaneously. 10-
NORTH NORTHUMBERLAND VOLUNTARY FORUM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies {Continuedl 8asi¢ finanelal assets Basic financial assets, which include debtors and cash and bank balances, are initially measured al transaction price including transaction costs and are subsequently ¢arried at amortised cost using the effective interest method unless the arrangement constitutes a financing Iransaclion, where the transaction is measured al the present value of the future receipts discounted al a market rale of interest. Finan¢ial assets classified as receivable within one year are not amortised. Basic financial liabilitie$ Basi¢ financial liabilities, including creditors and bank loan5 are initially recognised al Iransa¢lion price unless the arrangement constitutes a financing Iransaclion, where the debt instrument is measLJred at the present value of the future payments discounted al a market rale of Interest. Financial liabilities classified as payable w(thin one year are not amcirtised. Debt instruments are subsequently cariied al amortised cost. using the effective interest rate method. Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-currenl liabilities. Trade creditors are re¢ognised initially at Iransa¢lion price and subsequently measured al amort15ed cost using the effe¢tive int¢resl meihod. Derecognition of financial liabilities Financial liabilib'e5 are derecognised when the Forum's conlra¢lua1 obligations expire OT are discharged or cancelled. 1.10 Employeè benefits The cost of any unused holiday enlillemerhl is re¢ognised in the period in which the employee's services are ¥eceived. Temiination benefits are recognlsed immedlalely as an expense when the Forum is demonstrably committed lo terminate the employment of an employee or lo provide temiination benefits. Critical accounting estimates and judgements In the application of the Forum's accounting policies, the d1ClOr$ and trustees are required to make judgements, estimates and assumption5 about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated a55umptions are based on historica1 experience and other factors that are considered lo be relevant. Actual re5u51s may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis, Revisions to accounting esiimates are recognised in the period in which the estimate 1$ revised where the revision affects only that period, or in the period of the revision and future periods where the revision affeds both current and future periods. 31
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NORTH NORTHUMBERLAND VOLUNTARY FORUM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Incom& from charitable activities Unrèstricted Unrg$tricted funds funds 2024 2023 Charitsblè activities Accommodation fees Project management fees 17,782 4,000 6,535 7.000 21,782 13.535 Income from other trading a¢tiviti&s Restricted funds 2024 Re5tri¢ted funds 2023 Award night sponsorship 300 1,200 Other Income Restricted fund5 2024 Restricted funds 2023 Award night ticket and raffle income 698 603 13-
NORTH NORTHUMBERLAND VOLUNTARY FORUM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expenditure on charitable activities Charitable Governance activities ¢o$t5 2024 2024 Total Charitable Governance a¢tivitie5 costs 2023 2023 Totsl 2024 2023 Direct costs Staff costs Depreciation and impairment Heal and light and water Insurance Repairs and cleaning Postage, stationery and telephone Sundry expenses Property lease Bank charges Subscriptions Project management fees Office rental Grant repayment Activity expenses Grant5 allocated 40.247 40.247 31,855 31,855 928 6.254 1,202 5,037 928 6.254 1.202 5.037 1,034 5,247 1,020 2,096 1.034 5,247 1.020 2.096 6,279 3,726 14,000 189 170 4,000 1,842 6,279 3,726 14.000 189 170 4,000 1,842 3,485 2,235 14,000 144 3.485 2,235 14.000 144 7,000 979 5,944 7,567 1,850 7,000 979 5,944 7.567 1.850 3,801 3,801 87.675 87,675 84,456 84.456 Share of support and governance costs1$g9 note 81 Governance 3,433 3,433 2,925 2.925 87,675 3,433 91,108 84,456 2.925 87.381 Analysis by fund Unrestricted funds- general Unrestricted fund5- designated funds Restricted funds 30,118 2,675 32.793 24,205 2,301 26.506 7,853 49,704 316 442 8.169 50.146 8.094 52,157 312 312 8.406 52.469 87,675 3,433 91.108 84,456 2.925 87.381 14-
NORTH NORTHUMBERLAND VOLUNTARY FORUM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support and govemace costs Governance costs 2024 Governan¢¢ ¢osts 2023 Accountancy IndependÈnl examination Payroll services 1,157 950 1,326 1,157 950 1.326 860 900 1,165 860 900 1,165 3,433 3,433 2,925 2,925 Analysed between Charitable activities 3,433 3.433 2,925 2,925 Governance costs includes paymen15 to the Independent Examiner of £3.433 {2023.. £2,925} for accountancy. independent examination and payroll servlces. Netmovement In funds 2024 2023 The net movement in funds is ststed after chargingllcredilingl.. Depreciation of owned langlble flxed assets 928 1,034 10 Directors And Trustee$ None of the directors and Iruslees lor any persons connected with Iheml ceIved any remuneration or benefits from the Forum during the ye8r12023.' Nonel. 11 Employees The average monthly number of employees during the year was.. 2024 Number 2023 Numbèr Employment costs 2024 2023 Wages and salaries 40,247 31,855 There were no employees whose annual remuneration was more than £60.000. 15-
NORTH NORTHUMBERLAND VOLUNTARY FORUM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 11 Employees Icontinuedl Remuneration of key management personnèl The remuneration of key management personnel was as follows.. 2024 2023 Aggregate compensation 35,748 31,855 12 Taxation The charty is exempt from taxation on ils activities because all its income is applied for charitable purposes. 13 Tangibl8 fixèd assets Property improvernents Equipment Total Co$t At 1 April 2023 9,696 407 10,103 At 31 March 2024 9,696 407 10,103 Dèpreciation and impaimient At 1 April 2023 Depreciation charged in the year 968 872 66 56 1,034 928 At 31 March 2024 1,840 122 1.962 Carrying amount At 31 March 2024 7,856 285 8.141 At 31 March 2023 8,728 341 9.069 14 Dèbtors 2024 2023 Amounts falling due within one year: Trade debtors Other debtors Prepayments and accrued income 63 583 1,394 6,993 70 1,076 2,040 8,139
NORTH NORTHUMBERLAND VOLUNTARY FORUM NOTES TO THE FINANCIAL STATEIVIENTS (CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 15 Creditors: amounts falling due within one year 2024 2023 Other credllors Accruals and deferred income 260 2.528 1.886 2,410 2,788 4,296 16 Restricted funds The incctrme funds of the Forum include reslri¢ted funds comprising the following unexpended balances ol donations and grants held on twsl for specific purposes.. At 1 April 2023 Incoming Resources At 31 March resources expèndèd 2024 Reslricled Fixed Asset Fund Annual Awards Fund Nab'onal Lollery Award Fund Nab"onal Lottery Community Fund.. Rural Us Fund Bemicia Hardshlp Fund National Lottery.. COVIO-19 Fund Music for Dementia.. Memory Laner5 Fund Northumbrian CAB.. Thriving Together Fund Warm Hub Fund NCC Building Fund National Lottery.. Transport Project Fund 6,845 1,200 3.408 16911 (2,1981 6,154 998 3,408 21,364 2.924 7.914 3,491 1.109 835 {17,163} 4.201 2,924 7,914 2.761 2,773 762 1.083 2.000 {1,8131 13361 173) {14.0001 113,8721 14,000 17.596 3,724 49.090 35,677 150.1461 34,621 17-
NORTH NORTHUMBERLAND VOLUNTARY FORUM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 16 Restrictèd funds (Continuedl Previou5 year: At 1 April 2022 Incoming resources Resources At 31 March gXP9nded 2023 Reslricled Fixed Asset Fund Annual Award5 Fund National Lollery Award Fund National Lottery Community Fund.. Rural Us Fund Bernicia Hardship Fund National Lollery." COVID-19 Fund National Lottery.. Without Limits Fund Music for Dementia.. Memory Laners Fund Northumbrian CAB.. Thriving Together Fund Wami Hub Fund NCC Building Fund 7,614 416 3,408 17691 (1,0191 6.845 1,200 3,408 1.803 43,748 4,024 7.914 6,200 9,700 1.250 882 600 122,9841 (1,1001 21,364 2.924 7.914 16,200} (6.2091 11411 1471 114.0001 3.491 1,109 835 14.000 85,156 16,403 152.4691 49,090 17 Unrestricted funds - dèslgnated funds These are unrestricted funds whlch a material lo the Forum's aclivilles. At 1 April 2023 In¢oming resources Resourcas At 31 March expended 2024 A8C Gmnl Award Community Foundation - Lough Fund 5,819 4,661 5,819 6,492 10.000 18,1691 10,480 10,000 {8,1691 12,311 Previous year: At 1 April 2022 Incoming resources ResouTce$ At 31 March expend•d 2023 ABC GrantAward Comrnunity Foundatlon - Lough Fund 5.819 3,067 5,819 4,661 10.000 {8,4061 8.886 10,000 (8.4061 10,480 18-
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NORTH NORTHUMBERLAND VOLUNTARY FORUM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Rèlatgd party transactions There were no disclosable related party transactions during the year12023'. None). -20-
NORTH NORTHUMBERLAND VOLUNTARY FORUM DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Donation5 and lega¢les Donations Grant received Grants received- Designated fund Donations - Reslricled fund Grants received - Reslricled fund 476 1,200 10,000 14,583 20,096 142 1,200 10,000 14,000 600 46,355 25,942 Activitios for generating funds Awards night 5ponsorship- Reslricled ftjnd 300 1,200 300 1.200 Incoming resourc•$ from charltable activities Accommodation fees Project management fees 17,782 4,000 6,535 7,000 21,782 13,535 Other Incoming resources Awards night ticket income - Restricted fund 698 603 Total incoming resourcès 69,135 41,280 21
NORTH NORTHUMBERLAND VOLUNTARY FORUM DETAILED INCOME AND EXPENDITURE ACCOUNT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Balance Brought Forward 69,135 41,280 Costs of generating funds Charitable activities Wages DeprecIaOn Heal, light and water Insurance Repairs and cleaning Postage, slalionery and telephone Sundry expenses Bank charges Subscriptions Wages- Designated fund Postage, slalionery and telephone- Designated fund Sundry expenses- Designated fund Proje¢l management fees - Designated fund Office rental - Designated fund Wages- Reslricled fund Depreciation - Restricted fvnd Postage. stationery and lelephone- Reslricled fund Sundry expenses- Restricted fund Property lease- Restricted fund Subscriptions- Reslricled fund Project management fees- Reslricled fund Office rentsl- Restricted fund Grant repayment- Restricted Fund Activity expenses - Reslricled fund Grants allocated - Restricted fund 13.769 237 6.254 1.202 5.037 3,246 74 189 90 6,288 12.177 265 5.247 1.020 2.096 2.333 923 144 6.360 45 77 1,000 443 20,170 691 58 227 1,000 449 13,318 769 2,988 3,575 14,000 80 3,000 1,399 1,094 1,085 14,000 6,000 530 5,944 7,567 1,850 3.801 187.675} {84.456} 118,5401 (43.176} Govornanco Costs Accountancy Independent examiner5. fees Professional fees 1,157 950 1,326 860 900 1,165 13,4331 12.92S} Deficlt for the Year 121.9731 146,101) -22-