Registered Charity Number 1203129 Company Number CE032310 (England and Wales) Community VISION (Voluntary Infrastructure Support Involving Organisations and NeOrkS) CIO (A Charitable Incorporated Organisation) FINANCIAL sfATEMENTS Period ended 31 MARCH 2024
L ommunil}' VISION (Volunlar! Infrastructure sUprt Involving Organisations and Networks) CIO Charity No.. l ?0)1 ?9 Compan> No.. CE03?310 Contents to the Financial Statements For the period ended 31 March 2024 Page Company Information Independent Examiners Report Report of the Board of Trustees Statement of Financial Attivities 16 Balance Sheet 17 Statement of Cash Flows 18 Notes to the Financial Statements 19
C'onimunilj VISION (Voluntary Infrastructure SupFrf)rt InN'olving Organisations and Neti%'ork"s) CIO Charity No.. l ?031 ?9 Company No: CE03?310 Charity Informatron For the period ended 31 March 2024 TRUSTEES Mr Donald Campbell Mr Peter Choules Mrs Alicia Keen Mrs Christine Mason Mr Ankur Mehrotra Mr Allen Ransome Mr David Russell Mrs Joanne Scholes (Resigned 6 February 2024) Mr James Truepenny Mr David Winter REGIsfERED OFFICE 4-6 Robert Street Scunthorpe North Lincolnshire DN15 6NG REGISTERED CHARFfY NUMBER 1203129 REGisfERED COMPANY NUMBER CE032310 INDEPENDENT EXAMINER Jon Lister FCCA Enterprise Accountancy Services Ltd 8 Castlegate Tickhill Doncaster DNII 9QU BANKERS CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ
Community SION (Voluntary tnfrastructure Support Involving Organisations and Networks) CIO Charity No: 1203129 Company No: CE032310 Independent Examinerfs Report to the Members of Community VISION (Voluntary Infrastructure Support Involving Oryanisations and Networks) CIO I report to the Trustees on my examination of the accounts of Community VISION (Voluntsry Infrastructure Support Involving Organisations and NeIoIs) CIO for the period ended 31 March 2024, which are set out on pages 16 to 29. Respective responslbilities of trustees and examiner The trustees a responsible for the preparation of the accounts in accordance with the Charities Att 2011. The charity's trustees consider that an audit is not required for this finanoal period under section 1+1 of the aritieS Art 2011 (the Charities Act) and that an independent examination is required. It is my responsibility to: examine the accounts under section 145 of the arities Act, to follow the procedures laid down in the general Directions given by the Charity Commlssion (under sectton 145(5)(b) of the Charities A¢ and to stste whether particular matter5 have come to my attention. Basls of independent examlnerfs report My examination was carried out In accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also indudes consideration of any unusual items or dlsclosures in the accounts and seeknng explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audi¢ and consequently no opinion is given as to whether the accounts present a *rue and fairf view, and the report is limited to those matters set out In the ststement below. Independent Examlnerfs statement In connection with my examination, no matter has come to my attention to indicate that: accounting records have not bn kept in accordan with section 130 and 131 of the Charities Att. the accounts do not accord with such records; where accounts are prepared on an accruals basis, whether they fail to comply with relevant accounting requirements of the Charities A¢ or are not consistent with the Charities SORP (FRS102)' any matter which the examiner believes should be drdwn to the attention of the reader to gain a proper understanding of the accounts. Jon Lister FCCA Enterprise Accountancy Servi 8 Castlegate Tickhill Doncaster DNII 9QU Date: Ll - LGLI-f
Communilj VISION (Voluntary Infrailructure Support Involving Organisations and Net.0[k5) CIO Charitv No.- 120i l ?9 Company No.. CF03?j10 Report of the Board of Trustees For the period ended 31 March 2024 The Trustees present their report with the financial statements of the Charitable Incorporated Organisation for the period ended 31 March 2024. The financial statements comply with the Charities Act 2011, the Constitution and Accounting and Reporting by Charities: 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) (effective l January 2019) except in respect of deferred income where adherence would not give a true and fair view as explained in Note 1.4. Thls report and financial statements should be read in conjunction with the reports and financial statements of East Riding Voluntary Action SeNices (ERVAS) Limited and Voluntary Action North Lincolnshire Limited which will provide the full picture of the organisations working under the Community VISION brand while the merger activities are finalised. Reference and Administrative Details of the Charity, its Trustees and Advisers Community VISION (Voluntary Infrastructure Support Involving Organisations and Networks) CIO Community VISION 1203129 Re istr CE032310 Re ister fffice: Community VISION 4-6 Robert Street Scunthorpe North Lincolnshi DN15 6NG ther Community VISION Morley's Cottage, Morley's Yard, Walkergate Beverley East Riding of Yorkshire HU17 9BY Community VISION - Bridlington Hub 2a Marshall Avenue Bridlington East Riding of Yorkshire Y015 2DS
ComInLinilJ' VISION {Volunlarv InftraslruLlurL Support Involving ()ruanisations and Netivorks) CIO Charitv No.. l ?03129 Company No= CEOJ2ilO Report of the Board of Trustees For the period ended 31 March 2024 Truste Names of Trustees who served during the Period and since the period end were as follows: Mr Donald Campbell Mr Peter Choules Mrs Alicia Keen Mrs Christine Mason Mr Ankur Mehrotra Mr Allen Ransome Mr David Russell Mrs Joanne Scholes (Resigned 6 February 2024) Mr James Truepenny Mr David Winter Chief Executive Deputy Chief Executive Miss Sian Broughton Mrs Judith Lh In en en Ex miner: Jon Lister FCCA Enterprise Accountancy Services Ltd 8 Castlegate Tickhill Doncaster DNII 9QU CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Rollits LLP 58 High Street Hull HUI IQE
Coinmunity VISION {Volunlar) Infrastructure Supp()rt Involvino Organisations and NeM"orks} CIO Charitv No- l ?11 J l ?9 Compan), No.. CE032310 Report of the Board of Trustees For the period ended 31 March 2024 Structure, Governance and Management vernin Document Community VISION is a registered Charitable Incorporated Organisation (CIO) governed by its Constitution (Association model) registered on the 18th May 2023. If the CIO is wound up, the members of the CIO have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities. The Charity Is the result of a merger of East Riding Voluntsry Action SeNlces (ERVAS) Limited and Voluntsry Action North Lincolnshire Limited, however at this time the merger has not been fully completed and the respective organisations are working through the steps to complete this pr¢xess. As a result, each organisation has prepad an individual Trustees Annual report and set of accounts for this financial period. intm The Trustees form the Executive Committee of the charity. The current Trustees are the first Trustees of the Charity and were the Trustees of the charities involved in the merger. The members of the Executive Committ a elected at the Annual General Meeting by the members of the Charity, and usually serve for a three-year term. At the end of thls term, they can stand for re-election. All members are circulated with invitstions to nominate Trustees in advance of the AGM. There is a provision for the co-option of additional Trust&s if required. The Constitution states that the number of Trustees must not be less than three but shall not be subject to any maximum. Tr In Tr New Trustees undergo induction training, provided by the Chief Executive and Deputy Chief Executive. The induction includes a discussion ab)ut the role and responsibilities of Trustees, the activities, aims and objectives of the Charity, the structure of the organisation, Board of TnJstees, general procedures of the organisation. New Trustees are introduced to members of staff and other Trustees and are provided with the Charity Commissions 'Role5 and ResFK)nsibilities of Trustees,, the Constitution, the business plan, the latest statutory financial statements, Annual Report, and financial reports provided to the Board of Trustees. Any 3dditional training required by new Trustees will be identified during induction and may be requested at any point by new and existing Trustees, where it is considered useful to their role as Trust. Trustees are also invited to attend staff events and activities in order to develop a better all-round understanding of the organisation.
Communil}' VISION (Voluntary. Fnfraslructure Support In.0[vIng OrganisatlOll5 and Netsvorks) CIO Charil), No.. l ?031 ?9 Company No.. CEOi2i10 Report of the Board of Trustees For the period ended 31 March 2024 Or anisati nal Str re The Board of Trustees manages the Charity but generally aims to consider only strategic decisions at its meetings. Trustees are aware that any conflicts of interest are declared and minuted. The Board meets quarterly. The Chief Executive is appointed by the Trustees to manage the day-to-day operations of the Charity, and also has authority to delegate as appropriate to other staff members. Ad-hoc committees are set up when the need arises. iskm ement The major risks to which the Company is exEh)sed, as identified by the Trustees, have been reviewed and systems have been established to mitigate those risks. The climate within the Voluntary and Community Sector Is such, that risks include a dependence on a mixture of income sources including earned income, Service Level Agreements, contracts and grants - a percentage of which covers the core costs of the organisation. It is the aim of the Trustees to retain within designated reseNes sufficient reserves to cover the expenditure of the budgeted core functions for at least six months if funding became unavailable. Objectives and Activities As set out in the Constitution, the Charity's objetts are: "The promotion of tha voluntary sector in North Lincolnshire and the East Riding of Yorkshire (hereinafter called Ihe area of benefit) in particular by.. (i) Building Ihe capacily of charilable and voluntary organisalions operating within the area of benefil and pvidIng them with the necessary support, information and seNices to enable them to pursue or contiibute to the furtherance of any charitable purpose within the laws of England and Wales and strengthen the communities in which they operale,. and (li) Promoting, organising and facilitaling co-opeTrtion and partnership working between charilable and voluntary organisations and stalutory and other relevant bodies wilhin the area of benefit.
C'onimiinilj. VISION (Voluntary Infrastructure SuptK)rt Iiivolving Organisations and Networks) CIO C haril). N().' l ?OJ l ?9 Compan&. No.. CEOi2i l O Report of the Board of Trustees For the period ended 31 March 2024 Objectives and Activities (Continued) For the purposes of this clause, 'the voluntary sectorf means charities and voluntary organisations defined as follows." Charities are organisations, which are established for exclusively charitable pu@oses in accordance with the law of England and Wales. Voluntary Organisations are independent organisations, which are established for purposes thal add value lo the community as a whole, or a significant seclion of Ihe community, and which are not pemiitled by their constifulion to make 8 profit for private distribution. Voluntary organisations do not include local government or other statutory authorities. This means that the main objects of the charity are promoting, developing and supporting voluntary activity within the community. The principal activities, carried out to achieve these objectives, are the provision of seNices to the voluntary/community sector, liaison with statutory, national and major voluntsry organisations, representstion of local views about service provision and the development of new services. win In developing the main objectives for the following year, the Trustees have given regard to the Charity Commission guidance on public benefit. Following on from the merger investigations and closer partnership working beeen East Riding Voluntary Action Services (ERVAS) Limited (Company No: 5894388, Charity No: 1121190) and Voluntary Artion North Lincolnshire (Company No: 3346067, Charity No,. 1063019), at their respective AGM'S a resolution to merge was provided to both organisations memberships which could be voted on in person and elettronically. This was agreed unanimously by all voting members. We registered the new Charitable Incorporated Organisation for this purpose, Community VISION (Voluntary Infrastructure Support Involving Organisations and Networks) CIO (Charity No: 1203129) and new bank accounts were set up for the new Charity. During the financial period we have been working on developing the brand and started the transfer of operations into the new charity. This will continue into the next financial year as the relevant permissions are received. This brings new opportunities and f$h challenges, which we are very well placed to meet through our strong partnerships and the skills and dedication of the respective staff teams working together to strengthen the support offered to the Voluntary, Community Faith and Social Enterprise Sectors (VCFSE) across both East Riding and North Lincolnshire. The Board of Trustees is committed to investigating ways of diversifying income to ensure the sustsinability of support to the VCFSE.
C'ommLinily I'ISION Ivolunlary Intrastructure Support Ini'olving Organi5alions and Network-s) CIO Charity, No.. l ?O_"71 ?9 Company No.. CE03?310 Report of the Board of Trustees For the period ended 31 March 2024 Objectives and Activities (Continued) te nifi nt tri tet chievin ectives The organisation continually seeks to enhance existing partnerships and develop new ones as well as exploring all appropriate funding opportunities and income Streams which help achieve the Charity's Stated objettives to strengthen the VCFSE and communities across primarily the East Riding of Yorkshire and North Lincolnshire. Em Community VISION is a service organisation and CogniseS that its personnel are one of its greatest strengths. All recruitment is carried out following appropriate HR processes and procedures to ensure that the right personnel with the right skills are employed within the organisation. In addition, an in-depth induction and appropriate training are sought to ensure that our employees are highly skilled and adaptable to the challenges within the VCFSE sector. The Trustees would like to thank all employees b)th current and those that left during the financial perlod for all of their hard work wlth the Community VISION group. On 01 November 2023 all employees of ERVAS and VANL were transferred to Community VISION under the Transfer of Undertakings for the Protettion of Employment (TUPE). Employees have then been seconded to ERVAS or VANL as required for operations that have not yet been transferred. ntri As a charitable organisation our Board of Trustees provide their time and expertise in governance, strategic planning and overseeing the activities of the organisation on a voluntary basis. During the financial period, the Community VISION group had volunteers providing additional capacity to the attivities of the organi&itions making up the Community VISION group. In addition, we have supported many volunt*rs via the Volunteer Centre and the Volunteen Projetts to volunteer within VCFSE organisations and their local communities. The Trustees and staff would like to thank all volunteers for their contribution to Community VISION, ERVAS, VANL and the wider VCFSE and their communities during the financial period. Volunteers give their time freely to provide support and are a much needed and valued resource. io
Commiinil). VISION I Voluntary. Infrasiruclure Support Involving, OrganisalioT15 and Network"5) CIO Lharity No.. l?UJl?9 Companv No.. CEOJ2J10 Report of the Board of Trustees For the period ended 31 March 2024 Achievements and Performance Review fA The Community VISION Board of Trustees is satisfied that in our 1st period of operation, 2023-2024: O Our work reflected our aims. O Our resources were well managed. l Members were satisfied with the service they received. A balance was achieved beeen core service provision and new developments. The Community VISION group rnaintsins its aim of being a one stop shop for VCFSE organisations, as well as belng able to continue to support communities and individuals. During the financial period we have received continued support from our members, the community and developed newladditional funding streams which have supported the Community VISION group to remain sustainable and to grow our service offer for VCFSE organlsations, communities and individuals. We are extremely proud of our achievements and the way the organisation has developed and have plans to continue this development into the future. This could not have been done without our dedicated staff, volunteers and Trustees, the support from the community, our members and our funders. Merger The application to register the new Charitable Incorporated Organisation Community VISION (Voluntary Infrastructure Support Involving Organisations and NeOrkS) CIO was successful and charity status was received on the 18th May 2023 and then banking arrangements were set up. Following this internal preparations were started to work towards the merger. This has not fully completed in the accounting period and will be finalised in the next accounting period once funds and contracts have the permissions in place to be novated to the new CIO and permission has been reiVed from the Charity Commission to transfer the Scunthorpe premises. In the interim, East Riding Voluntary Action SeNices (ERVAS) Ltd, Voluntary Action North Lincolnshire Limited and Community VISION (Voluntsry Infrastructure Support Involving Organisations and Network5) CIO are operating in tandem under the Community VISION branding with strong partnership arrangements in place.
Communil!. VISION IVoliintaTi Inlra5truclure Support Involving OrgFanisations and Netw'orks} CIO C'haritj No= l ?031 ?9 Compan), No= CE03?310 Report of the Board of Trustees For the period ended 31 March 2024 Achievements and Perforniance Review This report and financial ststements should be read in conjunttion with the reports and financial statements of East Riding Voluntary Action Services (ERVAS) Limited and Voluntary Action North Lincolnshire Limited which will provide the full pitture of the organisations working under the Community VISION brand while the merger activities are finalised. Activities specifically undertaken by Community VISION CIO during the financial period were as follows: Transfer from ERVAS and VANL Towards the end of the financial period Community VESION was ready to accept some of the Core functions and acknvities of ERVAS and VANL. This included: All employees of ERVAS and VANL were transferred to the new CIO under the Transfer of Undertakings for the Protection of Employment GrupE). Employees have then been seconded to ERVAS or VANL as required for operations that have not yet been transferred. DBS checks, office services and training delivery have now started to be provided through Community VISION CIO. Room hires at Bridlington and Scunthorpe is now managed through Community VISION CIO. Funding Boynton Almshouses Fund ceased operation and transferred the investments and monetary funds to Community VISION towards the end of the accounting period to ensure the continuation of this fund to support individuals within this community. East Riding Collaborative Community VISION has representstion on the East Riding Collaborative. The funding for this comes directly to Community VISION CIO. 12
CommLinii}' VISION (N'oluntatTr' Infrastruclure Support Involving Organisalions and Neim'orks) CIO L haritv No.. l ?Oi l ?9 Companv No.. CEOi?310 Report of the Board of Trustees For the period ended 31 March 2024 Achievements and Perforniance Phoenix Accountancy and Business Consultancy Limited The subsidiary company of ERVAS, Phoenix Accountancy and Business Consultancy Limited (Company No: 11994941) was transferred to Community VISION at the end of the accounting period. Due to the size of the charity, we have not consolidated the accounts of Phoenix into our own accounts, however the subsidiary company is very much a part of the Community VISION offer to VCFSE organisations. Phoenix Accountsncy and Business Consultancy Limited is registered with the Chartered Institute of Management Accountants (CIMA) who provide the practicing certificate for the individual Director. They also provide the supervision for anti-money laundering purposes. It is also registered with the Association of Accounting Technicians and the Chartered Institute of Professional Development through the staff working within. All other actlvitles remained under the respective organisations at the period end. Financial Review Reserve The Executive Committee regularly review the Reserves policy of the charity to ensure It meets the needs of the Charity. A minimum requirement of the reserves policy is that at least six months, core running costs, and the value of any core redundancy is retsined in the unrestricted designated fund to ensure a sufficient buffer to enable effective financial decision-making, rather than short term decisions and to ensure effective financial stewardship of the Charity. Additional funds may be maintained as part of this reserve to support projects where funding is received in arrears, unrestricted contracted projects or it is decided to be financially prudent by the Executive Committee. Once all operations and funds have been transferred from ERVAS and VANL, Community VISION will transfer the amounts required into designate funds in line with the reserves p)licy. General funds are to be retsined and reinvested in accordance with the Constitution of the Charity and the Charity's objects contained therein. Desi nate The costs in respect of the core functions in the year under VIeW were £63,796. 13
C'ommLinit)' VISION (VoluniaTh, Infrastructure Support Invol'Ing Organisations and Netiyorks) CIO CharitN No.- l ?OJ129 Companj. No.. C EOi_i10 Report of the Board of Trustees For the period ended 31 March 2024 Treasu Community VISION'S main banking facilities continue to be with Charity Aid Foundation Bank who make investments into the Social Enterprise & Voluntary sector to produce an acceptable rate of return that is consistent with the Charity's ststed charitsble objects and ethical stsndpoint. Community VISION is required to have its funds readily accessible and so retains its bank account deposits in risk free instsnt access deposit accounts. Princi IFun in es See note 11 of the notes to the accounts for a detailed explanation of the Company's restricted funds. The main income source to the 'core' unrestricted funds was through grants, contratts, charged for services and recharges from the restritted funds of East Riding Voluntary Action Services Ltd and Voluntary Action North Lincolnshire Limited. During the year all expenditure has been concentrated on the key objectives of the charity. Plans for future periods Please see Trustees Annual Report settion "Main objectives for the following year" on page 9. Audit/Independent Examinatlon As the Income of the Charity Is below £1 million, Community VISION has opted for a Charity Independent Examination for the period ending 31 March 2024 in line with the Charities Act 2011. statement of disclosure of information to Independent Examiner We, the Trustees of the CIO who held office at the date of approval of these financial statements, each confirm so far as we are aware, that: O there is no levant information of which the Company's Independent Examiner is unawa. and we have taken all the steps that we ought to have tsken as Trustees in order to make ourselves aware of any relevant information and to estsblish that the Company's Independent Examiner is aware of that information. 14
Commiiiiil!" Vl.SIOIN Ivolunlarv Infraslrliciure Support Involi'ing Organisations and Nelw'orksl CIO ChariN' No.. 120) l ?9 C'ompaiiv No.. CE03?310 Report of the Board of Trustees For the period ended 31 March 2024 statement of Trustee's responsibilities The Charity Trustees are responsible for preparing a Trustees, Annual Report and financial statements in accordance with applicable law and United Kingdom Accounting Stsndards (United Kingdom Generally Accepted Accounting Prattice). Charity law reqUIS the charity Trustees to prepare financial statements for each financial period which give a true and fair view of the state of affairs of the CIO and of the incoming resources and application of resources, including the income and expenditure, of the CIO for that period. In preparing the financial statements, the Trustees are requlred to: select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent. state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements. prepare the financial statements on the going concern basis unless it is Inappropriate to presume that the charity will continue in business. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial Frf)Sition of the charity and to enable them to ensure that the financial statements comply with applicable accounting standards. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are responsible for the Maintenan and integrity of the corporate and financial information included on the CIO'S website. Legislation in the United Kingdom governing the pparatIOn and dissemination of financial statements may differ from legislation in other jurisdittions. Independent Examiner These accounts have been independently examined by the Independent Examiner, Jon Lister of Enterprise Accountancy Services Ltd. By order of the Board Mr Peter Choules Trustee 21 November 2024
Commiinii)" VISION (N'oliintary Infrastructure Support Involving Organisalions and Nelworksl CIO C harilv No: 120) l ?9 Cornpan! No.. CE03?i10 ststement of Financial Activities For the period ended 31 March 2024 2024 2024 2024 Unrestricted Endowment Restricted Funds Funds Funds 2024 Total Funds Notes Income Grants, donations atKI Legacies Income from Charitable Activities Other Trading Activities Investment Income Total Income 13,773 5,000 340 18,773 75,914 75,574 717 144 861 Expendlture Expenditure on Charitable Artivitie5 Total Expenditure Net Incomel (Expenditure) before other recogn15ed Gains and Lo55es 11,746 13,773 3,855 29,374 Transfer from ERVAS Transfer from VANL Net Movement In Funds 13 13 13,566 206 25,518 13,566 206 43,146 13,773 3,855 Fund$ brought forward at 01 Aprll li Funds Carrled fonyard at 31 March li The notes on pages 19 to 29 fonn part of these financial statements. 16
C'ommunity VISIONL ' Ivoliintar). Infraslructure Support In'01ving OrLJJiiisalions and Networks) CIO Balance Sheet As at 31 March 2024 Charily No.. l ?Oi129 Company No: CEO)?) l O 2024 2024 2024 Unrestricted Endowment Restricted Funds Funds Funds 2024 Total Funds Fixed assets Tangible assets Investments 100 loo 13,773 13,773 Total FixedAssets 13,873 Current assets Debtors Cash at bank and in hand rotalcurrentassets 155,439 164 733 320,172 3,695 159,134 11014 175 747 14,709 334,881 Creditors: amounts falling due within one year io 294 754 305 608 et current assets/(liabilitiesJ Total assets less current liabilitses 3 855 43 146 Funds of the Charlty Unrestricted funds: General Unre5trirted Funds Designated Funds Endowment Funds Restricted Funds 4,700 20,818 4,700 20,818 13,773 13,773 li rotal funds 11 13,773 The financial statements were approved by the Board on 21 November 2024 and signed on its behalf by: Peter Choules, TrusteelDirector The notes on pages 19 to 29 fomi part of these financial statements. 17
L ommiinily VISION Ivoltiniary Intrastruclure Support
Involi'ing Or(JJnis
L,()MMnItI VISION (Volunlan, Infraslruciure Siipport Involving Organisations and Networks) CIO Charity No.. l )[) J l ?9 Company No.. CEOJ_ Notes to the financial statements for the period ended 31 March 2024 Accounting policies 1.1. Accounting convention The financial statements have been prepared in accordance with Accounting and Reporting by Charities., Ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1st January 2019) - (Charities SORP (FRS102)) and the financial reporting standard applicable in the UK and Republic of Ireland (FR5102) except in respect of deferred income where adheren would not give a true and fair view as explained in Note 1.4. Community VISION (Voluntsry Infrastrutture Support Involving Organlsations and Networks) CIO meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transattion value unless otherwise stated in the relevant accounting policy note(s). 1.2. Charity status The Charity is a Charitable Incorporated Organisation. The members of the Charlty are the Trustees named on page 3. The Charity was gIstered on 18th May 2023. This is the first period of operation of the Charity therefore there a no comparab've figures. The Company is attively engaging In the recruitment of its wider membership. 1.3. Going Concern The Trustees consider the Charity to be a going concern. The accounts have been prepared on this basis. 1.4. Incoming resources Income is recognised when the charity has entitlement to the fund5, any performance conditions attached to the item{s) of income have been met, it is probable that the income will be received and the amount can be measured reliably. Services provided, investment income and rents are accounted for on the accrual's basis. Other income is accounted for when received. All income is shown gross with ass iated costs included in expenditure. Grants received to fund the purchase of fixed assets are credited to the Ststement of Financial Activities when the Company is legally entitled to the income. The related expenditure is charged to Fixed A5seis in the Balance Sheet. 19
C'ommiinilN' VISION (Voluntary Inlrastructure Support Involvino Or2anisalions and Neli&'orks) CIO C'harili No.. 120J129 Company No.. CF.Oi?ilO Notes to the financial statements for the period ended 31 March 2024 Accounting policies (continued) 1.4. Incoming resources (continued) Grants received of a revenue nature are accounted for on the accruals basis and credited to Incoming Resources in the Statement of Financial Activities when the charity is legally entitled to the income, the amount can be quantified with reasonable accuracy and the grant relates to the relevant time period. Therefore, grants received in advance may be deferred to futu time periods. This is a departure from the Charities SORP {FRS102) in order to ensure that the accounts of the Charity provide a "True and Fairf, view. The Trustees considered the requirement to recognise income when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably. Due to the payment of some grants received in advance this would distort the Net Surplus/(Deficit) figures which could jeopardise the Charity's position when applying for contracts. Grants received and held by the Charity prior to making grants to other charitable concerns are treated as deferred income. The Trustees considered the requirement to recognise income when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably. Due to the payment of some grants reiVed in advance this would distort the Net Surplus/(Deficit) figures which could jeopardise the Charity's position when applying for contracts. All deferred income is shown in Note 11. (b). 1.5. Interest Receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity. this is normally upon notification of the interest paid or payable by the Bank. 20
Comnilinil) VISION (VoluntaTr' Int"raslruclure SLlPPOrt Involving Organi5alions and Nelw'orksl CIO Charit). No-. 120J l ?9 CompanTr No.. CEOJ?310 Notes to the financial ststements for the period ended 31 March 2024 1.6. Fund accounting Restricted funds are funds which are tt) be used in accordance with specific restrictions imposed by donors. Restritted funds are accounted for separately to each other and to the core funding of the Charity. General funds are unrestricted funds which are available for use at the discretion of the Trustees in the furtherance of the general objectives of the charity and which have not been designated for other purposes. Designated funds comprise unrestritted funds that have been set aside by the directors for particular purposes. The aim and use of each designated fund is set out in the note5 to the financial statements. 1.7. Expenditure and irrecoverable VAT Expenditure is recogni*d once there is a legal or construttive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure has been classified under headings that agggate costs related to the category. All expenditure undertaken is in line with our charitsble and is undertaken to further the purposes of the charity and the associated support costs. The Charity is not VAT registered and irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. 1.8. Allocation of support costs Support costs are those functions that assist the work of the charity but do not direttly undertake charitable activities. Support costs include back-office costs, finance, personnel, payroll and governance costs which support the Charities activities. All activities undertaken by the Charity are in furtherance of the Charitable objects therefore all support Costs have been allocated to charitable attivities. A full breakdown of all costs related to Charitable Attivities has been provided in Note 4. 1.9. Tangible fixed assets and depreciation Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life (except as detailed below) as follows.. Computer Equipment Furniture and Fixtures Office Equipment 33010 on the straight_line basis 250/0 on the straight-line basis 25 % on the straight-line basis 21
Coinmunitl. VISION (Voluniar%' Infrasiruclure Support Inkolvino Organisations and Nelivork-5) CIO Charitj No.. 120) l ?9 Company No.. CF.O.)?310 Notes to the financial statements for the period ended 31 March 2024 1.10. Operating leases Rentals applicable to operating leases are charged to the SOFA over the period in which the c05t is incurred. 1.11. Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 1.12. Cash at bank and in hand Cash at bank and cash in hand includes cash and short temi highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 1.13. Creditors and provisions Creditors and provisions are recognised where the charity has a present obligatlon resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. 2. Grants, donations and similar incoming resources 2024 2024 2024 Unrestricted Endowment Restricted Funds Funds Funds 2024 Total Funds Grants HEY Smile Foundation Totsl Grants Donations Boynton Almshouses Fund Total Donations Total Grants and Donations 5,000 5,000 Grants received for future years have been deferred S note 10. b) ??
C'oinniunil) VISION I Volunlary Infraslntcture Support Involi'ing Oroanisalions and Netitrorks) CIO Chariti No.. l ?Oi129 Compan), No.. CEOi?.I lu Notes to the Financial Ststements For the period ended 31 March 2024 3. Income from Charitable Activities 2024 2024 Unrestricted Restricted Funds Funds 2024 Total Funds VCSE SeNices Room Hire Management/Admin Fees External ManagemenVAdmin Fees Internal (ERVAS/VANL) 1,020 18,656 65 1,020 18,656 405 340 340 75 914 4. Expenditure on Charitable Activities 2024 2024 Unrestritted Restricted Funds Funds 2024 Total Funds Staff Costs Volunteer Costs Premises and Office Costs Membership Fees Neetings Expenses Training DeliverylEvents Insurance Audit and Accountancy Fees Consultancy Fees Professional and Legal FS Bank Charges 51,466 1,289 52,755 4,900 136 60 678 1,484 3,000 470 2,309 33 340 5,240 136 60 678 1,484 3,000 470 2,309 33
Coiiiniunily ltr'lSIONL {Volunlary' Enfrastruciure Support Involving Organiulions and N'elH'orksl CIO CharitN' No.. l ?O_11 ?9 Conipany No.. Q EOJ_ Notes to the Financial Statements for the period ended 31 March 2024 5. Staff costs Total 2024 Wages and salaries (inc e'ers Nl & Pension) Travel and Subsistence 52,146 609 52,755 On 01 November 2023 all employees of ERVAS and VANL were transferred to Community VISION under the Transfer of Undertakings for the Protection of Employment {TUPE). Employees have then been seconded to ERVAS or VANL as required for operations that have not yet been transferred. Average number of paid stsff Total 2024 Headcount There are no higher paid staff. 6. Operating surplus The operating surplus is arrived at after charging.. Total 2024 Depreciation - Owned Assets Directors Emoluments Directors Travelling Expenses Accountants Remuneration 3,000 7. Intet Receivable and Similar Income Total 2024 Bank Interest 861 ?4
ConiniLinili' Vl,%ION IVolunlarTr" Infrastructure Support Involving Or¥ani5ations and NelN&'orks) CIO Charitv No.. l ?OJ129 Coinpany No.. CEOJ? j l O Notes to the Financial Statements for the period ended 31 March 2024 8. Investments Community VISION CIO has a wholly own&1 subsidiary company, Phoenix Accountancy and Business Consultancy Limited (Company No: 11994941), Community VISION is the only shahOlder of the company and owns all 100 shares. These were transferred from East Riding Voluntsry Action Services (ERVAS) Ltd. As the group turnover is less than £lm, we have not prepared consolidated accounts. Community VISION also has investments in an endowment transferred from Boynton Almshouses Fund. Income received from this is to be used to provide small grants to people in povety in the Boynton aa. 9. Debtors Total 2024 Trade Debtors Debtors relating to group undertakings Prepayments and Accrued Income 4,913 151,187 159 134 10. Creditors a) Creditors: Amounts falling due within one year Total 2024 Trade Creditors Creditors relating to group undertakings Taxes and Sixial Security Pension Accruals Deferred Income 3,471 8,067 4,567 11,788 277 715 305 608 25
Q'omniiinil!. VISION (Voluntar). Ii)frasirueiure Support Involillg Organisalions and Neiworks) CIO C"hariti Nu.. 12011 ?9 Companv No.. CE03?310 Notes to the Financial Statements for the period ended 31 March 2024 10. Creditors b) Deferred Income The following income has been deferred into future years: Income Reason Total 2024 Asset Based - Youth Contract income received in advance to provide youth volunt*ring and capacity building sUPPOrt to VCFSE youth organisations in North Lincolnshi Donation received to provide grants to individuals in the community Contract Income received in dvance to provide capacity building support to VCFSE organisations in North Lincolnshire Advan payment to support cash flow 85,625 Boynton Almshouses Fund 2,404 Capacity Builders 100,909 ERVAS 88,777 277,715 11. Accumulated funds Unrestricted Funds Designated General Endowment Restricted Totsl Funds Funds Funds Funds Fund5 2024 2024 2024 2024 2024 Balance at 18 May 2023 Movement in funds for the period Tra nsfer between funds Balance at 31 March 25,518 13,773 3,855 43,146 20,818 4,700 13,773 3,855 43,146 26
Q'onin)Linil) I'ISION I Voliinlan. Infrastructure SuppL)rt
In.0[vIng Or¥anis
Coiiiiiiiinitl V ISIONL I Voluntary" Lnfraslructure Suppon liil'olk'ing Orgaiiisal&ons and Nelworks) CIO Charilj No.. l?031?9 Compan). No.. CEOi?i10 Notes to the Financial Statements for the period ended 31 March 2024 11. Accurnulated funds ER Collaborative Restricted grant received from the HEY Smile Foundation to contribute towards time spent as a representative for children and young people on the East Riding Collaborative Board. Volunteen Voice Restricted funding was received from the Youth Council to contribute towards the printing costs of the ballot papers. Designated Funds Designated Core Project Reserve The organisation has several projects operating where the income received Is unrestrlcted for example contract income or charging for services. Although these are accounted for as part of the unrestricted income and expenditure of the charity, the charity keeps track of these projects and the Directorstrrustees have made the decision to designate the balances on these projects to support on the continuation of these activities in the future. Durlng the year transfers were made as follows: Unrestricted ReseNes redesignated to core project reserve 12. Trustees Remuneration No rernuneration directly or indirectly out of the funds of the Charity was paid or payable for the period to any Trustee. There was no reimbursement of travel expenses to Trustees in respect of the period. All travel expenses paid to employees, volunteers and Dlrettors are in line with approved mileage rates set by HMRC. 13. Related Party Transactions During the period the Charity had related party transactions with East Riding Voluntary Action Services (ERVAS) Ltd and Voluntary Attion North Lincolnshire Limited due to merger related attivity. These a detailed fully in the respettive accounts. There were no other related party transactions during the year.
CoiniiiLinil}' VISION I Vollinlarn" Infraslriiclure sUprt Ini'oli'ing Organisalions and NeliN'ork's) CIO Cliarit). Ni o.. IIOJl?L) Companj No: CEO)? jlo Notes to the Financial Statements for the period ended 31 March 2024 14. Other recognised gains and losses There were no other recogni5ed gains or losses. 15. Members The liability of the members is limited. If the CIO is wound up, the members of the CIO have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities. If the CIO is wound up or dissolved and after all its debts and liabilities have been satisfied there remains any property, it shall not be paid to or distributed among the members of the CIO but shall be given or transferred to some other charity or charlties having objects similar to the objects of the CIO, 16. Going Concern The Trustees consider the CIO to be a going concem for a period of at least 12 months beyond the date of the Independent Examiners repjrt. In the next financial year, we will be completing on the merger with East Riding Voluntary Action Services (ERVAS) Ltd and Voluntary Action North Lincolnshire Limited and all ssets and liabilities will be transferred to Community VISION (Voluntary Infrastrutture Support Involving Organisations and Nelworks) CIO. Some current projects of ERVAS and VANL extend into the new financial year, we will be working with funders to novate these contracts. Community VISION is concentrating on developing its sustsinability strategies and obtaining further funding and continuing to diversify its income sources over the next accounting pericrfl.