Charlty number: 1203986 ST NEOTS AND DISTRICT VOLUNTARY WELFARE ASSOCIATION UNAUDITED TRUSTEES'REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025
ST NEOTS AND DISTRICTVOLUNTARY WELFARE ASSOCIATION CONTENT8 Page R•f•r•nG• and Adrnlnlslratlv• Dotalls of tho Charlly, Its Trustea8 and Advlsoro Tru8t4•8' Report Indopfrndont Exarnlner's R•port Statement of Flnanclal Activttiq• Balanco Sheot Not•8 to tha Flnanclal Ststament8 9-18
ST NEOTS AND DISTRICT VOLUNTARY WELFARE ASSOCIATION REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE PERIOD ENDED 31 MARCH 2025 Trustees P C Barton (appointed 14 July 2023, died 14 August 20251 D C Charlton {appoinled 14 July 2023) A J Homsby, Chair until 17 July 2024 (appointed 14 July 2023, resign8d 17 July 2024) J N MGCarthy (appointed 14 July 20231 G Round, Treasurer lappolnled 14 July 20231 J Round, Chalr from 28 October 2024 (appolnle(122 Aprll 2024) D E Smith (appolnled 14 July 2023, die(15 Novomber 2025) Charfty r•glit•r•d numb•r 1203986 Prfnclpal offl Communlty Centr8 Church Walk Sl Neo18 Camb8 PE19 1JH A¢Untants Streets Chartered Accountants Potton House Wyb081on Lakes Great North Rowj boslon Bedford MK44 3BZ Bank• HSBC pl¢ 12 Allhallo Bedford MK40 1U Page1
ST NEOTS AND DISTRICT VOLUNTARY WELFARE ASSOCIATION TRUSTEES. REPORT FOR THE PERIOD ENDED 31 MARCH 2025 The Trustees present their annual report together with the financial statem8nls of the Charty for the period 1 July 202410 31 March 2025. The charity St Neots and Distrlct Voluntary Welfare Association was registered as a Charitable Incorporate Organisation {CIOI on 14 July 2023. The CIO remained dorm8nl untsl 1 July 2024 when the charity took over the assets and activiti&s of the unlncorporaled charity of the same name, Sl Neots & Distrtct Voluntary Welfare Associallon. reg181ared chartty number 253740. ObJoctlvo8 and a¢tlvltl•s •. PolScl•8 and obJ•ctlv• The charity'8 oblectlve L8.. To further fcff the benefit the re81denls of Sl. Neot6 In the county of Cambridg8shire, thout dislinctlon of sex, sfrxual orientation, race, or polrtical. rellgious, or other opinlons, by associating together the said residents and the local aulhoritSes, volunt8ry and other org8ni$alions In a common effort lo advance education and lo provide faGilllie¥, In the inlere8t8 of soclal welfare, for recreation and lel8ure-lime occupation, with the oblective of Improvlng the condition8 of Ilfe for the residents. In furtherance of these objects, bul not otherwlse, the Iruslees shall have power lo establlsh or secure the establishment of a communty centre, and to malntaln or manage, or co-operate wllh any statutory authority In the maintenance and management of such a centre, for acllvilies promoted by the charlty In furtherance of the above obh8cI8. In selllng objecllves and plannlng for 8clivitlè8, the Trustees have glven due conslderatlon to general guidance publlshed by the Charity Commls8lon relatlng to publlc b8neflt. includlng the guldance 'Publlc benefrt.. running charlty {PB2)'. b. A[vItI•$ undortak•n to achlevo objectlv The new charity. constituted 88 a Charltable IncorpcKaled Organlsallon {CIO) continue3 lo operate a Day Centre and provlde a Lunch Club for older adults from Sl Neots and the surroundlng district. c. Maln a1vItIes undertaken to further th• Charlty's purpos•8 for the publlc benefit The charity has a Servlce Level Agreemanl wlth Cambridgeshire County Councll whlch enables them to provide the Day Centre lo those who have limited financial resources and would not be able to acrxs these facilities wrthoul the support of Soclal Services. The Day Centre and Luncheon Club are also open for the benefit of other re8idents in the local a8 who make contrfbulion8 to the charfty to cover the cost of thè service5 provided. A8 noted below, Ihe charity benefrts from the time and skllls gen by members of The Rotary Club of St Neols and thelr friends. This voluntary time enables the charlty to malntain the pmiseS and provide a gre8ter range of facililles than would be possible if the servlce was mn on a commercial basis. The miseS are a150 available for use by community groups and not-for-wofit organisations when they are not required for th8 charity'8 own 8clivltle$. Page 2
ST NEOTS AND DISTRICT VOLUNTARY WELFARE ASSOCIATION TRUSTEES. REPORT (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025 Achlevements and performance . Maln achlovoments of tho Charlty The Day Centre l¥ provided three days per week on behalf of Cambridgeshlre Social Servlces and a sepaTate Luncheon Club is run for private clients. It is the only Day Centre facility in th8 local area. Social Services book places for the elderly 8nd people with dementia and dient's receive a fresh cooked meal, 8LlPPOrt and entertainment. The Centre Man8g8r works lo over9ee the day lo day management of client facilities arsd promote the c&nlr8 10 other potential b8neficiarle$. The Qenlre has experlen¢e(1 8 gtrong demand for 8ervice8 In recent years and contlnues to try to manage costs lo an acceptable level to make the Centre as acces8ible as possibl8. The Rotsry Club of St Neols conllnues lo provide support In malnlalnlng and Improvlng the charlty's pr&mi8e8 and Gertaln indivlduals have also glven tlme to varlous leadershlp roles wllhln the board of trLl8te88 and management committee. b. R•vl•w of actlvltlwj Covkj resulted In perfods of closure of St Neols Day Centre {nJn by Sl Neots and Dl8trlct Voluntary Welfare Associallon charilyl during 2020-21 and that, along with Some issues wSlh the day to day running of the Centr? and lh& fact that the grant we had received for many years from Cambridgeshire County Council ended in March 2024, caused a few problems. Fortunaloly, we won our bid for a CCC ¢onlracl, to repla¢e the grant, bul11 has brought in considorably18s8 income. With the change lo a CIO and 8 resignation from the committee, roles for each Iruslee were determined, whlch has worked well. The new Day Centre Manager and the Care team are excellent and the Day Centre is running extremely well. We have been able lo increase the number of cllenls who pay privately to attend. Th18 ha8 compensated for the reductlon in funding from CCC. Client8 are always full of praise and Several hav8 expressed a desire to IrKrease the days they attend. They enjoy the aclivllies and the freshly cooked lunch prepared by the, also excellent, kitchen staff. Word gels around and we have been able lo readily replace dienls who, due to age and infirmity, unfortunately die or move on lo resldenllal care. Where al one stage, we had some concem5 about the Day Centre'5 Continued existence, we are now confident of ils 5UStainability. Flnanclal rnvlew . Golng conc•rn After making appropriate enquiries, the Trustees have a reasonable expeGtalion that the Charily has adequate resource5 to continue in operational existence for the foreseeable future. For this reason, they continue lo adopt the going concern basis in preparing the financial slatements. Further details regarding the adoption of the going concgrn basis can be found in the accounting policies. Pa3e 3
ST NEOTS AND DISTRICT VOLUNTARY WELFARE ASSOCIATION TRUSTEES. REPORT (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025 b. Rosor¥o5 pollcy The Iruslees maintain a designated reserve representing the value of tangible fixed assets, recognising that the property and equipment have a v81ue lo the charity as a whole but cannot be sold lo generate funds wilhoul affecting the services offered. The trustees seek lo malnlaln a general. cash reserve betsveen £50.000 and £100.IXIO, which is equivalent to 6 10 12 months operating expenditure. The cash reserve Is needed lo provide day lo day working capital and lo 6nable the charlty to continue lo operate if there are delay$ LY dlsrluption to the contract with Cambridgeshlre Cwnty Gouncil Any reserves In ex¢es$ of 12 months should only be held for a specrfic project. At the reportifig dale, the Gharity had general &?sh reserves of £87.284 and a fixed asset reserve of £293,165 {tolal £380,429). The reserves held are, therefore. in Ilne wllh the reserves pdlGy. Structurn, 9OV0rnan¢o and managemènt a. Constltutlon St N8ols and Dislrlct Voluntary Welfare Association 18 a reglslered charity, number 1203988, and 1$ consliluted as a Charitable Incorporated Org8nlsalion Foundation. b. Mothod8 of appolntment or electlon of Tru8tO The manag8menl of the Charlty Is the responslbiltty of the Trustee8 who are elected and c(pIed under thè terms of the conslllulon. 8tatomont of Tru•toM' r••pon•lbllltl The Truslees are respon$lble for preparlng the Trustees, Report and the financlal statements In accordance with applicable law and Vniled Kingdom Accounting Stsndard5 (United Kingdom Generally Accepted Accounting Praclicel. The law applicable to charities in England & Wales require5 the Trustees to prepare financial 81at8m6nts for each financial period which gNe a true and fair view of the stale of affairs of the Charity and of ils incoming resources and 8pplicalion of resources, including its incorne and expenditure. for that period. In preparing these financial statements. the Trustees are required lo- select sullable a¢¢ountlng poll¢ies and Ihen apply them consistentSy,' observe the methods and principles of the Charilles SORP {FRS 102),. makejudgmenls and accounting estimates that are reasonable and prudent- stale whether applicable UK Accounting Slandar(Is IFRS 1021 have been followed, subject to any matertal departures disdosed and explained in the financial statements., prepare the financial statements on the going Goncern basis unless it is inappropriate lo presume that the Charity will continue in business. Page 4
ST NEOT8 AND DISTRICT VOLUNTARY WELFARE ASSOCIATKIN TRU8TEES' REPORT {CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025 stat•m•nt of Trustw•' r•sponslbIlltl (CONTINUED) The Tru8tats ar8 rosponsible for keeping adaquat• a¢xounting records that ara 8uffid8nt 10 6how and explaln th8 Charty8 tr8nBaGtlon¥ and dlsck>se wlth r8a80nablè accuraoy gt any tlmo the fln8nclal posluon of the Chartty énablè them to ensure that the flnandal Blalements compty the Charfllgs Act 2011, th8 Charfty (Ac¢ounl8 and Roportg) RegulaUon8 2008 and the provlslon8 of the Charltable Incorporatsd Organisation Foundalon.. They are also r88pon$lblg for 6afeguardlng Ihe 988ets of th8 Chadty and hence for taklng roa80nable 5t•P8 for th¢ prnvonuon and detectton of fraud and other krwJul8rf1108, Approved by order of the mémbern ollho board ofTru8t••8 and $6gn•d on thelr boh8W by. J Round Chalr Dato: 20 January 2028 Treasurer Paga 5
ST NEOTS AND DISTRICT VOLUNTARYWELFARE ASSOCIATION INDEPENDENT EXAMINER'S REPORT FOR THE PERIOD ENDED 31 MARCH 2025 Independent Examlne¢s Rèport lo th• Trustoes of St Neot8 and Dlstrlct Voluntary W•lfar• A•soclatlon I'the Charlty'l I report to the charity Trustees on my examlnation of the accounts of the Charity for the period ended 31 March 2025, Re8pon8lbllltl•s and Bo81• of R•port As the Trustees of the Charity you are sponSIble for the pr8paratlon of the accounts In accordance wllh the requirements of the Charllle$ kl 2011 (Ihe 2011 Act'l. I report In respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I h8ve followed the applicable Directions given by the Charity Commis81on under s6clion 145(5)Ibl of the 2011 Act. Independent Examln•rf8 Stat•m•nt Slnce the Charity's gr088 income exceeded £250,000 your examinèr mu81 be a member of a body Ilsted in section 145 of the 2011 Act. I confirm that l am qualrfied lo undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales IICAEW), which is one of the listed bodies. Your allèntlon is drawn lo the fact that the Charlty ha8 prepared the account5 In accordance wllh Accounting and Reporting by Charilie5'. Statement of Recommended Pracllce appllcable lo charities preparing their accounts In accordance wSlh the Financlal Reporting Standard applScable in the UK and Republlc of Ireland (FRS 1021 In preference to the Accounllng and Reporting by Charftles.. Slalemenl of Recommended Practice issued on 1 Aprll 2005 whth is referred lo In the extant regulatlons but has been wlthdrawn. l understand that Ihls has been done in order for the accounts lo provide a true and falr view in accordance with the Generally A¢¢epled Accounting Practice 8ffectNe for reportlng perlods beginning on or after 1 January 2015. I have completed my examinallon. l confirm that no rnatlers have come to my attenllon In connection wlth the examination glving m8 ca¢Jse to belleve that in any material respect.. accounting re¢ord8 were not kept In respect of the Charlty as requlred by section 130 of the 2011 Act. c the accounts do not accord wlth those records,. or the accounts do not comply with the 8ppli¢able requirement¥ concemlng th8 form and content of accounts Sel out in the Charitles (Accounts and Reports) Regulations 2008 other than any requlremenl that the accounts give a 'true and fai vlew whith l¥ nol a maller Gonsidered a8 part of an indepenoent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn In this report in order lo enable a proper understanding of the aouNt3 lo be reached. This report is made solely to the Charlvs Tnjslees, as a body, in accordance with Part 4 of the Gharflies (Accounts and Reports) Regulations 2008. My work has been undertaken 80 that I might stale lo the Charity's Trustees those mallers l am required to slate lo them in an Independent Examinerfs R&port and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility lo anyone other than thè Charity and the Charlty's Truste8s a5 a body, for my work or for thls report. Signed.. Dated: 28 January 2026 Linda J Ld BSC, BFP, FCA, TEP Streets Chartered Accountsnts Potton House, Wyboston Lakes, Great North Road. Wyboston. Bodford. MK44 3BZ Page 6
ST NEOTS AND DISTRICT VOLUNTARYWELFARE ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 MARCH 2025 Unrestrlcted funds 2025 Re¥trfctgd funds 2025 Total funds 2025 Incomo fr(Kn: Donation3 and legacies Charitable aclivrties Investments 387,970 34,190 387,970 72,011 1,008 37,821 Total Income 423,168 37,821 460,989 Exp•ndltur• on: Ch8rll8ble 8clivili88 40,274 40,286 80,560 Totsl exp•ndlture 40,274 40,286 80,560 N•t 1ncomel(•xndfturn) Transfers btheen funds 382,894 (2,465) 12,465 380,429 14 Not movement In fun 380,429 380,429 Roconclllatlon of fund•: Nel movement In fvnd6 380,429 3BO,429 Total funds carrfed forward 380,429 380,429 The Slatemenl of Flnanclal A¢tlvltles includes all gains and losses recogni8ed in the period. The notes on pages 9 to 18 form part of these flnan¢ial $18t8ments. Page 7
ST NEOT8 AND DISTrICT VOLUNTARYWELFARE ASSOCIATION BAIANCE SHEET AS AT 31 MARCH 2025 Flx•d a80•1• Tanglbio a88ats Curr•nt ai••ts 11 3,167 Debtors Cash al bank and In haThJ 12 87,503 95,396 Curr•nt Ilabllltle• Cr8dKorn: amount8 falllng due wllhln ono ar 13 (8,134) N•t CUTr•nt a8Mts Total n•t 380,429 Charfty lund• ReBtrlclgd funds Unre8trkled fund• 14 14 380.429 Total fund* 38OA29 The flnanclal 8tstemonts w0r• approvod and autr80d for188u• by tho Tru&ts88 and ¥lgned on thdr b•haW by. J Round Cha Dale: 20 January 2026 TreasuTgr 2a2L The notes on page$ 9 to 18 fomi part of th•se ftnandal $tslam•nt8. P8ge 8
ST NEOTS AND DISTRICT VOLUNTARYWELFARE ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025 General Inforniatlon Sl Neols and Distrlct Voluntary Welfare Associallon Is a registered charity which operate8 from Sl Neots Voluntary Welfare, Church W81k, Sl Neots, Cambridgeshlre, PE19 1JH. Accountlng pollcl 1.1 8a818 of preparntlon of flnanclal $tat¢m¢nt• The financi81 statements have been pPaTed in accordance with th8 Charili88 SORP IFRS 1021 Accounting and Reporting by Charflies.. Statement of Recommended Practice applicable lo charille$ preparing their accounts in accordance with the Financial Reporting Standard applicabl8 In the UK and Republic of Ireland IFRS 102) leffeclive 1 January 2019). th8 Financial R&porting Standard appllcable in the UK and Republic of Ireland IFRS 10218nd the Charitle8 Act 2011. The flnandal statements have been prepared to give a and falr. vlew and have departed from the Charities {Accounls and Reports} Regulallons 2008 only lo the extent required to provide a Irue and fal¢ vlew. This departure has Involved following the Charilles SORP {FRS 1021 published in October 2019 rather than the Accounllng and Reporting by Charllies.. Stal6menl of Recommended Pracllce effectivo from 1 April 2005 whlch has slnce been wlthdrawn. St Neols and Dlslrlcl Voluntary Welfare Assodatlon meets the definilkfyn of a publlc benefrt entity under FRS 102. Assets and liabllSlles are Initlally regnISed at h181oric81 cost or transactlon value unless olherwlse slated in the relevant accounting policy. 2.2 Income All Income Is recogn188d once the Charity has enli118m8nt lo the Income. It Is probable that the income wlll be recelved and the amount of Sncome receivable can be measured reliably. Grants are Snduded in th& Statement of Flnancial ActlI1e5 on a recelvable basis. The balance of Income recebved for $pe¢ific purposes bul not expended during the perlod Is shown In the relevant funds on the Balance Sheet. Where Income Is received in advance of entklement of rac&ipl, Its recognltion Is deferred and included in credltors as deferred Income. whe enllllement owur¥ before income is received, the income is accrued. 2.3 Exp8ndltura Expendllure is recognlsed once there is a legal or conslruclive obligation to transfer economic ben81t to a third party. il 58 probable that a transfer of economic benefits will be required in setllemenl and the amount of the obllgatbn can be measured reliably. All expenditure 1$ aGcounled for on an accruals ba818. Exp8nges, Indudlng support costs 8n(i governance Costs, are allocated to applicable expendbture headlngs. Expenditure on charitable aclivllles is Irurred on direcuy undertaking the activities which further the Charity's objectives, a5 well as any assoclated 8UPPOrt C0818. All expenditure is inclusive of irfecoverable VAT. Page 9
ST NEOTS AND DISTRICTVOLUNTARY WELFARE ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025 Accountlng polleles {contlnued) 2.4 Intore8t r•¢elvabl• Intest on fund5 hold on deposll Is Included when recelvable and the amount can be measured rellably by the Charity,. this is nomially upon notifliOn of the interest paid or payable by the institution with whorn the funds are deposlted. 2.5 Tanglble flxed assets and deprlatIon Tangible fixed assets Cosllng £NIL or more a ¢apilalised and recognised when future economlc benefits 8re probable and the ¢osl or value of the asset can be mea¥ured rellably. Tangible fixed assets are Inlllally recognised al cost. After recognitlon, under the co81 model, tangible fixed assets are measured al G05t less accumulated depreclatlon and any accumulated Impairment losses. All costs incurred lo brlng a tanglble nxed a55et into ils Intended working condition Should be Included In the measurement of cost. Depraclallon Is charged 80 as to allocate the cost of langlble flxed a88ets 1888 thelr resldual value over Ihelr eslimaled useful Ilves. Depreclalion Is provlded on the following b8sI8'. Freehold property Wheelchairs Ftsrnilure, fixtuffjs and fitting5 Equipment Computer equlpmenl No depreciallon 20Vo Reducing balance Reducing balanc8 Reducing balance 33% Str#ighl line 2.6 D•btorn Trade and other debtorg are ffjcognised al the selllement amount afièr any trade dl8counl offered. Prepayments are valued al the amount prepaid nel of any trade discounts due. 2.7 C•8h at bank and in hand Cash al bank and in hand includes cash and short-lerm highly liquid investments with a short maturlty of three rnonlhs or less from the date of acquisition or opening of the deposll or similar account. 2.8 Liabilitiej and provl•lon• Liabilities are recognised when there 15 an obligation al the Balance Sheet date as a result of a past event, it is probable that a transfer of ewnomic benefit will be required in 5etllemgnL and the amount of the settlement can be estimated reliably. Liabilities ¥re recogni5ed at the amount that the Charity antscipales it will pay to settle the debt or the amount it has received as advanced payments for the goods or services il must provide. 2.9 Financial in•trufflents The Charty only has financial assets and financial liabilities of a kind that qualrfy as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exCeptn of bank loans which are subsequently measUd al amortised cost using the effective interest method. Page10
ST NEOTS AND DISTRICT VOLUNTARY WELFARE ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025 Accountlng poIIGle¥ (oontinued) 2.10 P•n$lons The Charfty operates a deflned contrlbutlon penslon scheme and the pension ch8rge PSentS the amounls payable by the Charlty lo the fund in respect of the period. 2.11 Fund accountlng General funds are unrestricted funds which are available for use at the dis¢rellon of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other wrposes. Restricted funds are funds whlch are lo be used In aCrdance with 8peclflc restrlctlons imposed by donors or whlch have been ralsed by th& Charlty for parti¢ular purposes. The costs of raising and admlnislerlng such funds are Gharged agalnst the specrfic fund. The alm and u8e of each re8tricled fund Is sel out in the notes to the financial 8tatemenls. Incom• Irom donatlons and1ogaclo• Unrestrlctod fund8 2025 Totsl fund8 2025 Donatlon• Transfer from prederkssor Charlty Olher donations 387,768 387.766 387,970 387,970 Incomo from charltable activiti Unrestrfct•d fund8 2025 R08trlctod funds 2025 Total lund8 2025 Cornmunity Centre Day Centre Lettings other income 37,821 37.821 32.085 2,105 32,085 2,105 34.190 37,821 72.011 P4e11
ST NEOTS AND DISTRICTVOLUNTARY WELFARE ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR ThE PERIOD ENDED 31 MARCH 2025 Invo8tmont Incomo UnreBtrlcted fund8 2025 Totsl fund8 2025 Interest receNed 1,008 An•ly•l• of •xp•ndilur• on ¢haritabl• activltl•s Summary by fund typ? Unrmtrlcted Rutrlcted fvnd$ funds 2025 2025 2025 Communty Centre 40.274 40,286 80,560 Analys1• of expondltur• by actlvlti Aetlvltl undertaken dlrectly 2025 Total fund• 2025 Communlty Centre 80,560 80,560 Page 12
ST NEOTS AND DISTRICT VOLUNTARY WELFARE ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025 Analysls of expendlture by activiti•0 (continued) Analy818 of dlrect costs Communtty Centre 2025 TOL funds 2025 Staff Costs Depr@allOn F¢)od and nsUmable¥ ClSent aclivilie5 and entertainment Repairs and r8newals Rent, rate8 and waler Light, heal and Fower Cleanlng co8t8 OffSce costs Iposlage, stalDn8ry. telephon8 and subs10n$I Legal and profe85ional f08S Sundry expenses Advertising Other Staff costs Bank chaTgas Insurance Accountsncy fees ProfiV(loss) on disposal of assets 61.054 1,828 5,657 1,255 1,161 555 3,064 61,054 1,828 5,657 1,255 1,161 3.064 717 670 175 42 405 181 424 2,810 82 717 670 17S 405 161 2,810 80,560 Independent examln•rf8 r•mun•ratlon 2025 Fees payable to the Charity's independent examinerfor the Independent examination of th8 Charity's annual a¢¢ounts Fees payable to the Charlty's Independent examiner in respect of: Payroll admlnlstralion 2A50 Pagg 13
ST NEOTS AND DISTRICTVOLUNTARY WELFARE ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025 2025 Wages and galarfes ial security costs Contribution to defined ntriOn pension xh6mes 59.205 1,244 61,054 Included in wag8s and 8alarSes Is a 8ettlem8nt payment of £3,641 made to termlnale the contract for one mernber of staff. The average number of persons employed by the Charlty during the perlod was as f(4low8.' 2025 No. Centre staff 10 No employee receive(i remuneration amounting to more than £60.000 in elther year. The charivs key management personnel are the trustees and members of the m8nagemenl committee who give thelr lime to the charity on a voluntary basls. 10. Tru8tM8' rnmun•ration and •xp•n• Durlng the period, no TN$tee$ received any remuneration or other b8n8fits. Durlng the period ended 31 March 2025, no Trustee expenses have been Incurred. Page 14
ST NEOTS AND DISTRICT VOLUNTARY WELFARE ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025 11. Tanglblo flxed assets Fumlture, WhMI fixtures Comput01 chalrn and Ilttlngs Equlpment equSpm•nl Fmhold property Cost or valuation Additions Dlsposals 282,603 3,730 8,283 295,OTI 182 At 31 March 2025 282.603 18 3,730 8,201 294,995 Depreclatlon Charge for period 105 1,828 Al 31 March 2025 1,163 105 1,828 Not book value Al 31 March 2025 282,603 18 3,172 7.038 338 293.167 11 Dobtor• 2025 Du• within one year Trade debtor8 Prepayments and accrued income 2,970 7,893 Page 15
ST NEOTS AND DISTRICT VOLUNTARYWELFARE ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025 13. Credltors: Amounts falling duè within on• yur 2025 Other taxallon and soclal rity Other creditors Accruals and deferred income 139 7,702 8.134 14 Slat•rn•nt of fund• Slat•rn•nt of lund• - curront Porlod Balancè at 31 March 2025 Trnn8f•rn nlout Incom• Expandltur• Unr08trl¢t•d funds General Fund 129.232 293.936 (38.363) (3,6051 1,140 87.264 293,165 Flxed asset reserve 423,168 {40,274) (2,465) 380,429 RmtrlCt funds CCC Contract 37,821 140,286) 2,465 Total of fundg 460,989 (80,5801 380,429 Unrostrlctod Fund8: The general fund represen18 the charity'8 free reserves at the reportlng date, whh wer8 available for any charitable purpose. The fixed asset reserve represents the transfer of property and equipment from the predecessor charlty. Addltlons are included by way of a transfer betsveen funds and depreciation 18 charged to the fund. Restrictgd Funds: The Cambridgeshire County Council (CCCI Day Centre ctintracl requlres the charity to account for the incorne as reslriclod funds. An estimated 50¥0 of all costs relate lo the delivery of Servicès funded by Cambridgeshire County Council. The costs incurred exceeded the Income received and the balance has been mel by way of a transfer from general donations and other income. 15. Summary of funds Page16
ST NEOTS AND DISTRICTVOLUNTARY WELFARE ASSOCIATION NOTES TO THE FINANCIAL STATEMENT5 FOR THE PERIOD ENDED 31 MARCH 2025 15. Summary of fund8 (contlnued) Summary of funds- current rIOd Balance al 31 March 2025 Trnnsfg Inlout Incomo Expendlture Géneral fund8 Reslricied funds 423,168 37,821 {40,274> {40,286 {2,465) 2N65 380,429 460,989 180,S60) 380,429 Page 17
ST NEOTS AND DISTRICT VOLUNTARY WELFARE ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025 1& Analysls of net au•ts b•tW•on funds Analysls of net as*•ts b•tw••n funds- current perfod Unr•8trlctsd fvnds 2025 Total funds 2025 Tangible fixed asset8 Current assets Credltor8 duewllhln one year 293,167 95.396 (8,134) 293,167 95.396 (&134) Total 380,429 380N29 17. R•lat•d party transactlons The only related party Ir8nsaction In the perlod was a recharge of £81 for the charlvs cloud accounting soffvRre subscription paid by Round Numbers Limited, the personal bu$ine8s of G Round, Treasurer. No amounts were outstanding balances bePAmn related partley and the Charity at 31 March 2025. Page 18