Roglstored numb•r: 00493550 Charity number: 225087 YORK CENTRE FOR VOLUNTARY SERVI¢E (A Company Llmlted by Guarants•> TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 YORK CENTRE FOR VOLUNTARY SERVICE (A Company Llmlted by Guarantoel CONTENTS Page R•f•rOn￿ and Admlnl8tratlve Dotalls of th• Charlty, Its and Advl••rn Chalrfs stat￿1•￿1 Trust•M' Roport Trust•M' R•8poMlbllltlM Stat•m•nt Ind•p•nd•nt Audhors, R•port on th• Flnanclal 8tat•m•nt8 Stsl•m•nt of Flnandal Actlvltl•• 18 19 23 Balanc• 8h•ot stat•m•nt of C￿h Flowg 20 Not•• to th• FlnanGlal 8tat•m•nts YORK CE￿[RE FOR VOLUNTARY SERVICE (A Company Llmlted by Guarantsfj) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARrrY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024 Trustees DavKI Harbourne, Chair Chke Dw Rachel Hlcks Matthew Knight {resigned 5 Augusl 20241 Katie Speed Kai Evangeline Tsao Benjamin Vulliamy Janet Wright Lee Prob&rt18ppolnted 3 May 20231 Shamlm Eimaan lappolnted 1 S May 2024) Lesley Hayward (resigned 25 May 2023) Company r•gl8t•f•d numbér 00493550 Charlty ro9181or•d number 225087 R•glsterad offlc• 15 Prlory Street York Y01 6ET Chlof exocutlv• offlc•r A180n Sémm•nce Ind•pendant audltorn HPH Accounlanl$ LLP Chartered Accountants 54 Bootham York Y030 7XZ 8ankor8 Unlty Trust Bank Nlne BTindley Place 4 Oozells Square Blrmingham B12HB Shawbrook Bank Lutea House Warley Hill Bu$lnes6 Park Great Warley Brentwood CM13 38E CCLA Senator House 85 Queen Victoria Street London EC4V 4ET Cambridge & Counties Bank Charnwood Court 5B New Walk Leiosler LE16TE Page11 YORK CENTRE FOR VOLUNTARY SERVICE IA Company Umltod by Guaranto0} CHAIR'S STATEMENT FOR THE YEAR ENDEO 31 MARCH 2024 Every financial year starts by setting a budget based on the best Information available al the time. We know how much funding has already been secured from contracts with Clly of York Council, the NHS and others, and we use past experience to predict likely in¢ome from Priory Street Centre Il¢en5ees and our conference centre. On the other Side of the account, we know how much we spend on salarles. ullllty bills and all the rest. I have lo say, the budget for 2023-24 was extremely worrying. Based on what we knew al the tlme. the dthil could hav8 been as much as £300,000. Inevitably, therefore, the trustees spent a lol of Ilme wlth senlor management discusslng ways lo secure additional funding, increase income from the Priory Street Centre and control our ¢osts. We discussed the management accounts and risk register al every board m881ing, asklng problng quesllons whlle supporting our colleagues through what was, for them especially. a really tough year. In the event. the financlal statements show an over811 dallcll of £39,693, representlng an operallng loss of £92,765 offset by a £S3,072 galn on inv8slmenls. This is a Iribule to Allson Semmence {CEOI and every member of her remarkable team. who worked tirelessly lo reduce the deflclt whlle dellveTlng our operational plan for the year. l 8m proud to say we mel the vast majorlty of our largels for the year- agaln. thanks lo a masslve team effort. I wish l Could say that th8 financial challenges are behind us. Th8y're not - thouoh we wlll rfse to meet them, I'm sure. From the work we do wllh CVS members, we know all too well thal the whole sector Is under pressure. Demand is rising. income isn't kaeping pace and reserves are falling. Some mombers lace radlcal de¢l$ions In the year ahead: lo scale back, merge wlth others or in some cases, close altogether. Bul we also know Ihal people In our sector are delermlned lo make a difference. Thelr passion drlves us all forward. I look al the work OUT members do here In York and 13ee the Impact they make. So yes, It's been a hard year- harder In some respects than the worst days of the pandemic. Bul look at what we have been able lo do, even In hard limes. From a personal point of view. the great8sI exampie was York's Poverty Truth Commission. The PTC brought together iwo groups of people.. on the one hand, p80ple who hold InfluenlSal positions In the ¢lty, and on the other, people with profound. personal experienc6 of poverty. As a dvi¢ commissloner, my lob was lo listen. Really listen. And that lakes time. By m88ling regularly over a perlod of many months, we bulll a culture of trust. 11 was a prlvllege to be part of that and to appreciate the vital importance of treating everyone we meet- stranger and frlend allke- wllh kindness and respect. This is my ffith and final report as chair of Yolk CVS. I wlll contlnue as a trustee for a whlle longer, but h feel¥ like the right time to pass the balon. In 2023-24 we were Joined by a new trustee, Lee Probert. who l am delighted lo say is sel lo lake my place as Ghair. After the year end, Shamlm Elmaan was appointed lo the board and a long-standing Iruslee, Matthew Knighl, stood down. My Ihanks go lo every trustee, past and present, for their common sense, quesllons, ideas, hard work and wisdom. Finally, another vote of thanks for Alison Semmence and the entire team of staff and volunteers * York CVS. I'm so glad I had the chance lo work with you. Davld Harboume, Chalr Dale- 28th November 2024 Page12 YORK CENTRE FOR VOLUNTARY SERVICE {A company Lirnitod by Guarant••) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees of York CVS are pleased to present thts annual report together with the financial slalements of the Charty for the year ended 31 March 2024. The financial slalemenls comply with the Charlties Act 2011, the Companies Act 2006. the Memorandum and Articles of Associallon, and Accounllng and Reporting by Charilies.. Statement of Recommended Pra¢lice applicable to charllies preparing their aG¢oun15 in accordance with the Financial Reporting Standard appllcable In the UK and Republ1¢ of Ireland {FRS 102 second edition, effective 1 January 2019). The Trustees have regard lo the Charlty Cornmission's public benefit guidance when &xercising any power8 or duties to which the guldance is relevant. In 2020. the Tru51eg5 initiated a review of York CVS'S charitable aims and objectives. An extensive prograrnme of consullatlon with members. partners and stakeholders took place in the flrsl few months of 2021, culminating In a new strategic plan whlch ¢overs the period 2021- 2026. Key elements of the new strateglc plan are oulllned laler in th18 report. A mld temi review wlll lake ￿aGe in the springlsummeT of 2024. About York CVS The charitable objects of York CVS are set out as follows in the Memorandum and Artlcle8 of Assoclallon.. To work for the beneflt of the Clty of York and Its envlron8, and, In partlcular, by quickenlng th8 splrit of fellowship and soclal service and undertaklng and assisting in social work and aclivllle8, and the promotlon of 80clal welfare of every kind in the salé City and ils environs b. To InllSate, promote and a$$lsl any sch6m8s, enterprises or aclivlllès for the benefit of the Inh8bi18nls of the saki City and Ils envlrons, or otherwise Galculaled lo advance the practice of good ¢lllzenship c. To promote asslst and encourage the advancement of education in the City of York and Ils envlron8 8nd especially on mallers ¢on¢erning SOGial welfare d. To recrult, support and broker opportunilies for volunteers-, lo asslst them In dolng such volunleerlng, and to act 8s a focus for personal Service for the public good To provlde Informallon 8nd advice for those who may be in need of11 and to act a8 the neighbourty ¢ounsellor and helper of any persons who may be In drfficully or distress f. To enhance the development and education of children primarily under slatulory School age by encouraglng parents lo understand and provide for the needs of their children through communlty groups and by offerlng appropriate play, education and ￿re facilllles, family learning and extended hours groups, logether with the right of parents lo lake responsibility for and lo become involved in the aclivilles of such groups., in partlcular through the Prlory Street Nursery. "As noted In previous annual r&ports, we took the diffKull declsion to close Prlory Street Nursary In March 2020. Tha Memorandum and Articles ofA5sociation provide that voluntary, community and soclal enterprlse organlsations IVCSOsl with a presen￿ CVS'S area of benefit, which represent or act for the benefit of the community, and which meet such other criteria in York as e51ablished by York CVS, may be admitted as full members. Each full member may appoint a representative to represent them al Yor1( CVS general meetings. Page13 YORK CENTRE FOR VOLUNTARY SERVICE (A Cornpany Llmltsd by Guaranto0} TRUSTEES. REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2024 Revlew of the yoar The pace of work dld rK)I dlmlnish in 2023-2024 as we continued to see our work grow, particulady around health, mental health and wellbeing. The demand for York CVS to do mor8 continues as partners in the health sector commission u5 to deliv8r more for the Voluntary and Community Sector, for example, grant distrlbution and th& Implementallon of collaboratNe plans for hospital discharge and a new frallly hub lo prevent admissions. This is all very positive and is due in no small part lo the reputatlon we havo developed over the year8 as delivering al a high quality. During the yaar staffing levels ware even, albe￿ with staff leaving and new peopleloinlng. However, due to us ending our work in the Mental Health Hub and Foss Park following our declsion not to focus on mental health soolal prescriblng. and due to the unforeseen and untimely end of funding for our Ways lo WellbeSng project which resulted In redundancies. by March 2024 we had 44 staff134 FTE). This 15 compared lo 52 In March 2023. Howaver, we are now worklng dirè¢lly wilh 7 freelance consullanls lo help us d6llv8r on SpeC￿c, short 18mi funded project8 and 8180 have agreements wllh an addllional 15 freelance consullanls through our Capa¢lty Bui1éSng prolecl. Our workforce does continue to be one of the key challenges. R8cruilmenl has very slightly improved across the year bul retention has been more challenging with 21 slaff18avlng Ihroughoul the year for varlous reasons beyond our Gonlrol. A key challenge is our short term fundlng whi¢h leads 10 Short, fixed term conlracls ￿lch offer no seGurity for staff -11 is commendable that staff are prepared lo manage the precarious nature of worklng In the VCSE in this way. In addilion lo this, our salaries are not competitive with those of slalulory bodies and we often lose 51aff lo other organisations who can offer hugely more ben¢fl¢lal employThent package8 th8n York CVS, 8nd other charities. Staff wellbelng has been of concem In 2023-24 as we faco the pressure8 felt across the whole System, of Increased demand which Is compl8x and challenglng. More and more people na￿ help, and our staff often work In very difficult situations and hear distressing storles about peoples, experiences. We have seen more staff being unwell due to slres5 and fatigue as well as Covld or various bugs that have been clrculalbng. The slckness levels are very simllar to18sl year ￿th 290 days of 31ckne5s compared lo 300 last year., 30./0 of these absences were due to mental ill- health, Looking after our Staff is a key prlortty for us and wll continue to be In 2024-25 as we develop a culture of openness, conversation and support where staff can freely talk about their health and wellbelng. We are pleased to have found an exceptional reflecllve pracllllonèr lo support staff buSld thelr resillence al work In the face of the Challenging Is¥ues they are dealing with. Exlornally, thè new Humber and North Yorkshlre Health and Care Partnership IHNYHCPI h88 brought new opportunities for York CVS and the wlder Voluntary and Community Sector. The assemblie5 we have been running to be the conduit between the York VCSE and HNYHCP as well a5 the local place arrangements have proven to be U$8ful with some successful funding proposa15 coming from them. During the year we dellvered a wlde range of activities as agreed in our established strategi¢ and operational plan?. The following sections of this report link directly to the prioritie5 sel out in our Strategic Plan 2021-2026.. 1. Support our members by provlding Informatlon, advice, training, networklng and represent8110n. 2. Promote volunteering of all kinds including the development of a city-wide Volunteering Strategy 3. Tackle the causes of poverty in York 4. Tackle loneliness and encourage a sense of ￿mmUnity S. Help people slay well and feel well Page14 YORK CENTRE FOR VOLuiifARY 8ERVICE IA Company Llmlt•d by Guarant••) TRUSTEES. REPORT (Continued) FOR THE YEAR ENDED 31 MARCH 2024 Support our m•mbers by providlng Infomiation, advlce, tralnlng¥ n•tworklng and reprns•ntatlon ort for individual V We provided one to one advice and guidance to over 333 charlli8s and voluntary groups. Examples of the support offered includes looking for funding opportunltles which they Could apply for, advising on possible legal slruclures, flnance guidance, conneGllng with other groups, supplying informatlon on volunteerlng, advlce on costlngs, buslness plannlng and peer support for CEOS. In addition, durlng the latter part of 2023, {and In 2024-251 we have additional funding from the UK Shared Prosperlly Fund whlch has glven Increased capacity lo support groups wtth 153 days of p8id for external ¢onsultanl support. By March 24 we had reuuited a pool of 14 additional specialist con¥ultant8 and carried out 16 In-depth health checks, agreelng 39 days of consultant support. We have a180 allocated 65 days of fea81billly support lo 8 organl$ation8. Thls add6tlonal capa¢lty Support Is provlng lo be very beneficlal to organl3allon8 who are rèally apprec18tlng the addlllonal 5UPPOrt- 'The support has been Invaluable. We aré in a much stronger, more compllanl and forward-lhlnklng poslllon than we w8re 6 months ago. mm nication m8nt Our ￿mMUnIcatIOnS Continued lo meet the increased thlrst for informallon a8 our newslellers and member em811s conllnued al a pace. Our soolal media presence continues to In¢raase and we now have 7534 followers whlch15 an Increase 016.8% on the previou5 year. Th18 is partlculariy ugeful In helping u8 SUPPOrt our members with re¢rultm8nt of pald staff and volunteers and lo help promote thelr events. Our membershlp contlnues to Increase steadlly and we now h8vo 321 full m8mber$ and 31 supporters. Th18 18 ospe¢ially pleasing to see as we are pa88lonale about eng8glng vAth the Volunt8ry & Communlty Sector and supporting them as much as posslble. inln We held regular networklng fonjms to enable our member8 to m881, share experience and Ideas and understand what else 58 happ8nlng across the gector In York. Our Irainlng and infomiallon 8e3$1ons are based on the needs 8nd requests from our mombers following an annual Tralning Needs Analy3is', this leads to an Interesting and varied training programme. Wlth Support from the UK Shared Prosperlty Fund In th& autumn, we were able to deliver an enhanced trainlng programme plu8 8 Volunteers Falr and Funding Falr. We provided 13 training courses in a range of subjects includlng Mental Health First Aid, Cyber Securlty. Growing your Trustee Board, Volunteer Recruitment 2nd Retention, Legal Structures and Emergency Flrst Ald al Work. The Fundlng Fair which was held in March brought together 125 Indivlduals from 98 organisatlons wlth 12 funders from a range of organisations. Guidan￿ and information provided by the funders was well Tr¢elved and we received excellent feedback from delegates and lurKlers alike. Volunteers Falr altracled 100 peop18 and 43 charllles explored toggther a rang8 of volunteering opportunitles. Page15 YORK CENTRE FOR VOLUNTARY SERVICE (A Company Llmlt•d by Guarnnt•0) TRUSTEES. REPORT {contlnuedl FOR THE YEAR ENDED 31 MARCH 2024 Clinical Commlssioning Groups were abolished from 30 June 2022 and f8placed by the Inl8graled Care System {ICSl. The InlroductSon of ICSS aims lo give people the support they need, by joining up local councils, the NHS, and other key partners, including the VCSE sector, lo coordinate services and lo plan in a way that improves population health and reduces in8qU8lllles. The VCSE is integral to thes8 changes and It Is recognized we have an important role to play. Our job al York CVS is to ensure our local VCSE is involved, contril￿teS and benefits from these changes and 1$ able lo play their full role in the fulure. Assen7bll6s To enable the VCSE to play the important role they need to wilhln the new health and care syslem, 'the Humber & North Yorkshlre Health & Care Partnership,, York CVS and VCSE leads from the 5 other geographical area$ ¢ame together in 2020 to form what has now become the VCSE Collaborative. York CVS represents the York VCSE on thls collaborative and 15 the condull between the ICS, Ihe local York Health and Car8 Partnership and VCSE. The York VCSE Assembly was started in March 2022 which brings together local VCSE organisations lo enable them to respond and be Involved In the work of the Health and Care P8rtnershlp. These me8llngs happened bl - monthly and included subjeclg such as Chlldren & Young People's Mental Health, Mental Health Hub. Heath & Care and w81188 updates from the York Health & Care Partnershlp. York CVS conllnues lo be a key strategic partner In York. We represent the VCSE sector on several board8 Inrludlng the York Health & Car8 Partnership, York Health and Wellbeing Board, Chlldren's and Adults, Safeguarding Board5. Safer York Safely Partnershlp, Better Care Fund Dellvery Board, York Health & Care Collaborative, Mental Health Partnership, Ageing Well Partnershlp and the Dome$ll¢ Abuse Board. Th15 ensure5 that the Sector has a vol¢e in how local servic85 are developed and run. Promot• volunt••rlng of all klnds Includlng the dovelopment ol a clty-wldo Voluntoorlng Strat•9y York Volunleefs. Our Volunteer Centre, started up In November 2020 to Covordlnate volunleerlng a¢ross the Clty. In 2021 we began the Cowproducllon proGess for a new clwide volunleerlng slffjlegy whl¢h Involved a whole range of stakeholders and resulted In a final strategy which was publSshed In May 2023. Voluntary and stalulory organisallons were 8sk&d lo slgn up to a pledge to show commllmenl lo good pracllce In volunteer management. Durlng the year we worked towards achlevlng thè objectives and largelg sel In the strategy and were fortunate lo receive fundlng from Ihe UK Shared Prosperlly Fund lo help us run the Volunteer Centre and work towards delivering on the Strategy. During the year we provlded Iralnlng sesslons on managlng volunteer8 and the quartedy volunle8r managers, forums whlch brlngs together those who manage volunteer5 acr08s the Clly to 8hare Ideas éxperlences. Durlng the year. the Volunteer Centre supported 200 local VCSE organlsallons by promollng 236 of thelr volunteerSng opportunilles aThJ supporting them ￿th advice and 8UPPOrt on 811 aspects of Volunteer management bgsl-pracllce. Page16 YORK CENTRE FOR VOLUNTARY SERVICE (A Company Llmlted by Guarant••) TRUSTEES. REPORT leontlnuedl FOR THE YEAR ENDED 31 MARCH 2024 3. TaGkl• tho causes ol povorty in York An excftlng new area of work has been the development of a Poverty Truth Commlssion. Last year was spent on Identlfwng Community Commissloners (people with experience of poverty) and supportlng Ih8m lo share their stories and Identrfy issues that are Important to them, for example. houslng, ben8fl1s system. health, etc. The York Poverty Truth Commission's offlclal laUr￿h was held on 9 March 2023 when the community commissioners shared their expedences of poverty- thelr hone8ly, wisdom and r￿lI￿nce was appreclaled by all of the 70 plus guests. We then proceeded to recrull the Clvlc Commlsslon8ryJ. the system leaders wllh the power to make chan98. Over a 8lx month perbod they worked logelher to identtfy what changes were needed and within their glft, th81 would Improve Ihe Ilves of people experlenclng poverty. At the final event In April 24, the Commissloners pwsented thelr flndings by way of a Charter whlch Included four standards for all org8nlsalions to work lo implement.. 1. We118ten 2. We are understanding 3. We are re¥pe¢tful and frlendly 4. We are responsive, honest and care about getting you the rlght 3UPPOrt. In Summary, the Communlty Commls8loner8 asked.. 'To b• tr•at•d wlth klndne•s, und•r•tandlngi honesty and r••p•ct wh•n ac¢u•lng s•rvleM' 4. Txklo lon•llno•8 and •n¢ourago a ••ns• of communlty The majority of our work helps combat lonellne¥s. connect people and generate communlty 8plrlt and belonglng., this is particularly th8 ca88 in our soGial prescriblng hlghlighled below. 5. H•lp p•opl• •lay well and f￿1 w•ll We achleve thls through a varlely of services whlch deliver a so¢181 Impact as hl9hllghted b&low.' Hoalthwatch York was sel up by the Government In Aprll 2013 to help pul people at the heart of health 8nd soclal care Services. It is designed lo make Sure that an individual's voth can influence the design, dellvery and review of local services. At Healthwatch York, we share people's views and concerns about health 8nd social Care $ervlce8 with stakeholder organisalions and providers and provide informatlon about local services. slgnposling People lo tho services they need both al community Infomiation stands and vla email and phone. Every year we produce reports on he81th and care i5SLW&, which we present to York's Health and Wellbeing Board. We make Tecommendalions lo the Board to improve the local health and care system. In 2023-24 we heard from 1,236 people who shared their experiences of health and social care services ￿th us. helping to raise awareness of issues and improve &ire. In addition, 606 people asked for dear advice and Infomiation about topics such as mental health and the ¢osl of living crisis. Over the course of th8 year, H8althwatch York achieved the followlng.. Updatgd the York Mental Health and Wellbeing Gulde, helping people to navigate local seTvices Monttored the impact of the cost of living on the health of York residents with a new survey and report Continued lo run the York volces Network which enables the wbliG lo meet and speak dlredy with servl¢e providers Page17 YORK CENTRE FOR VOLUNTARY SERVICE {A Company Limited by Guaranteo TRUSTEES. REPORT (contlnued) FOR THE YEAR ENDED 31 MARCH 2024 Published a major reportwhich looked at peoples experiences of mental health crisis care in York-'Breaking Point.. A recent history of mental health crises care, Began an Indep8nd8nl evaluation of th8 new autism and assessment onllne trlage tool and publlshed a report on the experlences of people In York Reported on people's experien￿5 of Urgent Treatment Centres across York and North Yorkshire - partnership with Healthwalch North Yorkshire Published a local guide to essential sèrvices open over the Christmas period Soclal Pr8scrfblng is a soclal solutlon lo what is often presented as 8 medical or cllnlcal need. People are supported lo a¢hleve the goals they $el by worklng with them, removing barriers and suggesting options. Throughout the year the Ways to Wollboing IW2WI team continued to recelve referrals from York Tea¢hing Hospital (￿H} along with communty-b8sed health and wellbeing learns. 11 was agreed wlh City of York Council that referrals from communlty health and wellbeing teams would end In Q3 and the Ways to Wellbeing team would instead pick up referrals vla the Frailty Advice and Guidance Hub and during Q3 and Q4. This innovallve project repr&sented a slgnbficanl mlleslone as11 enabled the voluntary $6clor lo refer directly lo 8 clinical service. Its success has been posslble thanks lo the collaborallve efforts of health, soclal care, and the VCSE sector. establlshlng a strong foundalk)n for future partnerships. The team recalved 242 referrals of whom 60910 were over the age of 80. People referred via the Frailty Hub needed support wlth th6 following.. So¢Sal Isolatlon I so¢lal Snteractlon Carer strain Support wllh health and wellbelng Benefilslhou8ing support Bereavement support Access lo food Support around addiction Fa115 Self-neglecU8afeguardlng Acopia Grief Reaction 97Qk of respondents felt more able to manage your health and wellbeing sinc8 workSng wllh Ihelr social pre8crSber 9% of respondents felt that they would have made these changes if they hadn't worked with Ihelr Social prescrlber Paln Salllng Group During 2023-24 the Ways lo Wellbeing team ¢onllnued to support the Pain Sailing Group which provided an opportunity for people experien¢ing ¢hronk pain to learn pain management approaches and benefit from peer 8UPPOrt and soclal connections. 21 people attended our sessions this year. After the sessions finished the group continue lo meet a5 frionds. Art Gallery Group The Ways lo Wellbeing Team have supported 132 people lo attend the Art Gallery Group run by the social prescribers. The sessions offer support lo individuals experiencing severe anx￿ty, helping people lo gain confidence in leaving in leaving their home and attending a social selling. Followng attendance at the Art Gallery sessions the team work with individuals to help them eonnect with other local group5. The funding for Way3 to Wellb8ing was brought lo an end In quarter 4 due lo funding cuts. The Link Worker team have continued lo deliver on both the Primary Care Service Lev81 Agreement {SLA} and on externally funded project work, including Proactive Social Prescrlbing 2nd York Integrated Community Team IYICT) frailty clinics. The Primary Care Link Worker IPCLW) teams In each of the four PCNS worked with over 4000 patients dvring the year with our reports showing that, on average GP. out of hour and A and E attendances are reduced by half after working with a 50ci81 prescriber. Pag818 YORK CENTRE FOR vOLU￿rARy SERVICE {A Company Llmltod by Guarant••) TRUSTEES. REPORT Icontlnued) FOR THE YEAR ENDED 31 MARCH 2024 Hospital Dlscharga York CVS played a coordlnating role to enable more patients lo be safely dlscharged frorn York Hospltal - we developed smooth referral pathw8ys, managed relationship8 with key people al York Hospital and ensured perfomiance was monitored and reported. A vduntary sector multi41sclplln8ry te8m participated In the project Indudlng.. Social Pres¢riber for York CVS Ag6 UK York Home from Hospital ServlGe Manager Carer Advice, Informatlon and Guldance Worker North Yorkshire Sport 486 patbn18 were 8UPPOrted over the year. 2023.24 Grants pmgrnmm• £93k wa8 available to dl$trlbute during the 2023-24 round of the Small Grants Fund. Thls flsndlng was madg avallable through the Beller Care Fund IvSa the Way3 lo Wellb6lng projecll, Clly of York Councll Publlc Health team and the York Place Health Inequalllies Fund from the Humber and North Yorkshlre Inlegraled Care Board. The 80ur¢es and amounts of fundlng are ouulned in the table below. York Endlng Stlgma ryes) 18 our Ioc81 ¢ampalgn lo end mental health stlgma and dlscrlmlnatlon In York through our volunteer Champions sharing thelr Ilved experiences of mental Illness in a variety of creallve ways, eSlher In person or digSlally. The YES prole¢l ha$ focused on reduclng m6nlal health stigma In our general communlty Ire8ld8nts and visllors lo York), and in workplaces. ThTe8 key areas of work this year have been the screenlngs of of our film about sulclde prevention, a series of podcasts about a range of issues linked lo removlng the stlgma of mental ill-ness, and our work with employer8 continued. In addition we worked at York Colle98 lo develop workshop almed at reducing sulclde In young men by young men. York Hurnan Rlghts Clty Notwork contlnued to support th6 development of York as a Human Rlghls Clty, 88 a membgr of the Execullv8, $18erlng group and network as well as CO•ho8tlng the coordlnalor. Co-productlon and grant glvlng York CVS has been Involved In deliverlng the Community Ment81 Health Transformation work through the management and adminlstrallon of the VCSE Mentsl Health Transformallon Fund, the co-produclion woth 51eam focusing on York prioritie$ such as eating disorders and participallng In the new Mental Health Hub through soGial prescribers and the Volunteer Cenlre. Thls year w8 distributed grants worth £250k over a two year perlod lo local Voluntary Organl8atk)n3 and charltle8 and provided ongoing opportunltles for grant recipients to meet and share good pr8¢llce and lolnt worklng. 6. Su•taln our¢*ganl•atlonal glr•ngth Street Cenlre Before the pandemlc, York CVS generated Income from the Confe￿nCe Centre al our p￿mISeS In Prlory Street. We offered Tooms of various sizes. which could be configured for sm811 meetings, ¢onferences. 8xhibitions and events. All bookings ceased a5 soon as we entered lockdown in March 2020 and our income suffered enormously as a result. In 2021-22, thing5 improved slightly bul as Covid-19 was still with us and $oclal dl8tancing contlnued, our Income from the Conf8rence Centre was down from pre-covid levels by 48Yo. In 2022-23 the Income had Increased slightly but wa5 still down on pre-covid levels by 30%. I'm pleased to report th8t in 2023-24. the use of the Conference Centre improved ¢onsider8￿Y and a5 a ￿sUIt the income generated increased significantly lo pre covld levels. The Prlory Street Centre also provide¥ long4erm office ¥pa¢e for 20 drfferenl organisatlons delivering a range of voluntary and comrnunity Services, including York Women's Counselling, Malnstay. Weffare Benefits Unbt. York Carers C8nlre, OCAY and Good Organisation. This area remains stable. Page19 YORK CENTRE FOR VOLUNTARY SERVICE (A Company Umltod by Guarantsg) TRUSTEES. REPORT Icontlnued) FOR THE YEAR ENDED 31 MARCH 2024 Our staff work Nmlh peop18 wlth a whole range of issues and challenges and il is essential they have 8 wide knowledge base so Ihey can provide the best POS5ible support. We Gonlinued to help our staff develop personally and professionally throughout the year. Examples of some of th& training undertaken by our staff durlng 20232124 Sn¢luded: Canc8r Caro, Cyber Securlty, Radlcallsatlon and Exlremlsm, Prev8nl Awareness, Staying Safe Onllne, Handllng Oifficull Situations. Safeguardlng Adulls. Safeguarding Children, Flre Warden, Flre Safety, Conversations About cohol. Manual H¥ndllng. Health & Safety. Information Governance, Autism Awareness, Data Protection and GDPR, DSE, Haallh and Safety. Mentsl Capacity Act, Management Trainlng Sessbons, Narrowing Health Inequalllies {Variousl, Financial Wellb8Sng, Trauma and DomestSc Abuse, Gambllng Addlction and Managing Money, CommunicatSons Tralning, Personalised Care and Support Plannlng and Supporting people ￿th Le8rning Dlfflcullles. Looklng ahead We wlll contlnue lo work wllhln the prlorltles we commltted lo In our 5 Yèar Slrateglc Plan 2021-2026 whllsl ad8pIiThJ to emerglThJ themes. These are.. Support our m•mborB by provldlng Infomiatlon, advlce, tralnlng. networklng and repre8entatlon We wlll conllnue lo support our members and grow our membershlp with 8 particular focus on ensuring we have good quallly voluntary organlsalSon5 and charlll85 In York. We wlll conllnue wlth our grant gSvlng by allraLling Investment from a range of Sources and will offer support and guldance prlor. durlng and after the applicatlon process lo ensure these are acc8sslble lo groups of all slzes. We wlll further develop the VCSE Assembly lo brlng together charlll68 and voluntary organisallons to give LIS 8 centralised mechanlsm lo engage wllh th8 wlder VCSE and lake advan18ge of opportunltles lo develop and deliver servlces in partnership wSlh the health and care system. Promote voluntqerlng of all klnd8, from onpoff opportunltlM to long4arni Ilnk• Followlng the co-productlon of the clly-wlde Volunleering Strategy we wlll ralse funds lo ensure the Volunteer Centre remalns vlable and implement the acllons In the Strategy. Where additional fundlng Is needed we wlll endeavour lo raise thls. We wlll focus on developlng 8nd $upportlng volunteering across th& He8llh & Care Sector to ensu￿ there are more approprl8le opportunitS&8 in these settlngs. We wlll promote volunteering vldely to re￿enIsh the volunteers lost durfng the pandemlc. Tackle the ¢au808 of poverty In York We will continue lo support the Community Commissloners to enable them to embed the Si8ndards they eveloped during the lrfe of the Commlssion. We will also embark on a new initiative to start a Poverty Twlh Commlsslon for chlldren lo enable chlldren to have their voKe around poverty and what's Important to them. Ta¢klo lonellno88 and encouraga a sense of ¢ommunlty W&will ￿>￿tInUe to tackle loneliness through the work we do and link with others to identfy new opportunities to reduce loneliness. Pag8 | 10 YORK CENTRE FOR VOLuNfARY SERVICE {A Company Llmlted by Guarantm) TRUSTEES. REPORT {contlnu•d) FOR THE YEAR ENDED 31 MARCH 2024 Help people stay w•ll and feel well We ￿11 continu8 to develop our Social Prescribing servlces and aim to SUPPOrt other specialist organlsalions to get involved in this way of working. We wlll ¢onlinue to run H8althwat¢h and highlight areas of concern and campal9n for change. To support our alms, we wlll.. Promote equallly, dlversfty and opportunlties for all, in ever￿hIng we do Reach out to people wlth dlrecl, first-hand experlence and together find the b851 ways to make real and lasting differen¢e: we ￿11 co-deslgn, co-produc8, cTrdellver and empower Work in partnership Flnan¢lal r•vi•w V8slmen¢ oli The Trustee8 hav8 adopted an inve81ment pollcy whereby 8hort-lerm Investment wlll be held In Ga8h or ne8r cash Inveslmenl8. Longer terrn Inveslmenls, wherever possible. will be mada wlth Inslilullons that demonstrate a track record in managlng Gharity funds and that have an ethical investment stance. Reserves York CVS recognlses four types of reserves as oulllned below.. i. Fro& reserves Reserves that are not legally roslrlcled or deslgnated for spe¢rflc future use. They do not Include funds that can only be reallsed by dlsp051ng of fixed assets held for charily use. They may include reserves that are part of investments dependlng upon the natur8 of those investments.. Ihls wlll be spe¢Mled In the posillon Statement descrlbed below. York CVS aims lo hold a free reserve that IMII enable an orderly closure of tho charllable company In such an eventuality. Thls Is made up of two main component5'. The funds lo meet all ¢ontra¢lual oblbgalions of the company including Servlce conlra¢ls and redundancy costs ofemployees The ￿St8 of continulng lo Tun our entire servlce for betwe&n 3 and 6 months, in order to allow for an ordedy ￿nd down of servicès and mltigate the impact on service users. The free reserves target Is therefore exp￿$$8￿ as a range. 2. Restricted Reserves Re5eNes held In accordance with any restrictions required by the origlnal funder. Page | 11 YORK CEKfRE FOR VOLupifARY SERVICE {A Company Llmtt9d by Guarant•o) TRUSTEES. REPORT IGontlnuod) FOR THE YEAR ENDED 31 MARCH 2024 3. D&s￿nated Reserves A designated reserve kno￿ as the Futur• M•int•nance Fund provides for the long-lerm cost of repairs, maintenance and ren￿al of th6 Priory Street C&nlre (the PSCI, as well as major costs arising unexpectedly in any given period. The PSC comprises several Victorian buildings. which are grade 2 listed. Apart from routine maintenance. little has been spent on repairs and renewals In recènt years. Keyfeatures including thè windows, passèngèr Ilft and potent1811y the roofs will need to be renovated or ￿rteWed over the coming years. In 2021- 22 a provisional works schedule was prèpared at an anlicipaled lolal cost of up to £600,000 over a period of alghl years. During 2023-24 funds l01811ing £31.442 ware ulilised primarily for roof repairs. Tho value of the Future Maint6nan¢e Fund Re$ery¢ sland$ al £170,529 al 31 March 2024. The Flxod A¥80ts Fund reprèsents the lolal net book value INBV} of fixed assels held by the Charity tolalling £523,210. The value shown in these accounts largely represents the v81ue of leasehold improvements made lo the buildings in Priory Street in the 199Os, after depreciation. In 2023-24 new screens were purchased for the Conference Centre al a cost of ju81 under £6,0(Kl. The Stratoglc Plan Fund was designated lo support the Implemenlallon and development of the Stralegl¢ Plan and funds In 2023-24 wer& ulilised lo support and promole the wellbelng of the York CVS team an¢J development of Ihe management team, ulill$ing funds of £2,300. The Reserves Posltion Staloment Is shown on the followlng paga. Page | 12 YORK CENTRE FOR VOLUNTARY SERVICE (A Company Llmlt•d by Guarant••} TRUSTEES. REPORT {contlnuod) FOR THE YEAR ENDED 31 MARCH 2024 Reserves Positlon Ststgment Frno Re8erve8 Target range £225,000 - £425,000 Al 1 April 2023 Replenishedllspanll In year Transfer to Designated Reserves Transfer from Reslricled Reserve8 Totsl at 31 March 2024 £ 380.784 £ {19,6131 3,260 £ 364,431 RMtrl¢tad Re8W•8 Restrlcled reserves relate to reserves held In accordance wlh any re$trl¢lion8 requlred by the orlglnal funder. £ 430,962 £ 1,446,461 £{1.423,1391 13,260) £ 451,024 Al 1 April 2023 Income In the year Expendllure In the year Transfer lo Free Reserve8 To1818131 March 2024 Deslgnated Ro8orv•8 Future Maintenance Fund Reserve At 1 Aprll 2023 Replenishedl{spent) In year Total 8131 March 2024 £ 201,971 £ 131,442) £ 170,529 Flxed Asset8 Fund Reserve At 1 Aprll 2023 Replenishedllspenl) In year Total at 31 March 2024 £ 532,870 £ 19,6601 £ 523,210 straleglc Plan Implemenlatlon Fund Rewve At 1 April 2023 Replenishedllspenl) In year Total at 31 March 2024 74,405 £ {2,300) 72,105 Total Designated Reserves al 31 Marth 2024 £ 785,844 Total less Tangible Flxed A$se18 at 31 March 2024 £ 242,635 Fund r•8ults During the year 2023-24 York CVS had an overall deficit of £39.693 comprising of 8 deficit of unregtricled fund8 of £59,755 and 8 surplus of restricted funds of £20,062. Fundlng Sour¢os York CVS'S largest source of funding came from the City of York Council. The majority of thls funding was restricted fundlng for Heallhwalch York. our core funding and Ways to Wellbeing, through the Better Care Fund. Additional Income was received from NHS Humber and North Yorkshire ICB (formerly Vale of York CCG) which provided York CVS with funding lo support the voluntary and community sector in York. Page | 13 YORK CENTRE FOR VOLUNTARY SERVICE (A Company Llmlt•d by Guarant90) TRUSTEES. REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2024 In 2023-24 the conference centre booklngs continued lo improve followng the recommencemenl of meetings and events in person after the covid pandemlc. contributing £251,808 to unreslricled income. The space In the Prlory Street Centre used by VCSES as office a¢¢ommodalion this year conlritmjled £144,252 A number of other small grants, contracts and donations were also received duTing the year from a varlety of organisalions and indlvlduals. We would like lo thank them all for their generosity. Expendlture In 2023-24 our staffing costs were 61 {62% in 2022-231 of total expenditure, reflecting the fact that York CVS services are predominantly dellvered by our staff colleagues. In 2023-24 staff cos15 lotalled £1,274,592 {2022-23 £1.194.6941. York CVS is proud to be a Llving Wage employer and lo be contributing towards the Cty of York becomlng a Llvlng Wag8 City. Other operallng costs Include the non-8tsff costs of running the PSC conference facilities and office space, and the non-slaff Gosts of running the York CVS projects. Depffjclallon cos18 relate lo the leasehold improvements made lo the buildings in the 19908 and the boller and PUTnp$ replaced In 2022-23, together with equipment purchased In 2023-24. All other capltal items are fully depreciated. Structur•, Goveman¢o and Management Con8tStutlon and Artl¢l•8 of A88oclatlon York CVS Is ¢on811tuled 8$ a wistered charlly and 8 company IlmSled by guarantee. The Articles outlin8 the objects and powers of the Charlty. how membership operates, how general mèetings are lo be conducted, how the Charlly 1$ governed by 11$ Board of Trustees and gener81 admln181rallve provisions. York CVS Tru$lee$ a￿ ¢ommonly also trustees, staff or volunteers of other organisalions and are required lo declare all polentlal conflicts of Interests a$ part of their induction., Ihereafler, they musl d8clare nèw inlèresls as they arl8e and reconfirm all interests annually. A Register of Trustees, Declared Interests 1$ maintalned for Ihls purpose. Trustees musl declare any Interests relevant lo items under discu551on at every meeting of the Board of Trustees. Detalled below 18 tha register at 3151 March 2024 with new or resignalion$ Th)ted Ihereafler.. Name ofTrust•e David Hartjoumo Ichalrl Trust•è R 18t•r of Interests Buckingham Court Management Company Iyofkl Ltd INon-executlve dlreclorl,. Yoth8hlre Philoso hlcal Socie Trusteelchair Ownerlmana er of KLS Tralnln and Mano em&nl Con$l8llab'on Twsl Trusteelmember UniversTly of York Students, Union Ichlgf Exg¢utlvel,' Unlv8rtsity of York Commerclal Services Llmiled IExecuUve Dlreclorl.. NUS Servic98 Limited Trading Consortlum Sharehdder Priory Pharrn8w IExe¢ullve Oirectorl; Yorkshlre Skln Cllnlc IExewUve Director).. Actlon for Elders Trustee Leeds and York Pather5hlp NHS Trust IGoverTh)rl., Oldar c￿ZenS Advocacy York rusiWCh8ir,' Good Nei hbours UK Trustaelvicè ch￿r. Yorf( Sarnaritsn8 8ootham School ITrusteelGovemorl', Heworth Moor House Trusl (Trusiael: Int8rfm Stral8gy and Communtations Lead forThe Choir Sch(xJ1'sAss(￿1a￿0n None None None None Etmaan Cullur8 aryj Comrnurity se￿£￿s CIC IDlrectorl Kati8 S 88d Lge Probert B8n Vulliamy Vicè Chair LoslBy Hayward Ireslgn8d 2515123 Mathew KnkJht I￿81gne 518124 Rachel H￿kS Chloe De es Janette Gre Jangl W ' hl Kal Evan aline Tsao Shamlm Elm80n ointad 1515124 Pag8 | 14 YORK CEKfRE FOR VOLUNTARY SERVICE (A Company Llmlt•d by Guarant•e) TRUSTEES. REPORT (contlnugd) FOR THE YEAR ENDED 31 MARCH 2024 RKruitmenl and appolntment of Tru8tees The Charty is governed be￿n general meetlngs by Ils Board of Trustees. The Trustees a￿ also the Directors of the company. Not less than five and no more than tW8lve Trustees are elected al the AGM by and from the full mernbers. In addllion. no more than five other person5, who may bul need not b&. connected with any organisation which is a full member of the CVS, may b& co-opted to serve as Trustees by the Board of Trusteès. The Board of Trustees may appoint TTuslees during the year lo fill any vacancy arising between Annual Gèneral Meeting5. V8cancl8s are advertlsed lo members and the wider public by a range of means. Including electronk media. Sullable applicants are interviewed by members of the Board of Trustees, who present 8 report and recommendatlons to the full Board of Trustees. The Board makes decisions on Trustee appointments based on the need for a spread of skills, expertise and diversity of experience, expert13e and opinion. All new Trustees aré provided YAth relevant documents including the Memorandum and Article5 of Association, reports and accounts and the Charity Commission guide, 'The Essential Trustee,. An induction programme Is provlded, including the opportunity lo meet the Chief Executive and other CVS staff and Tnjslees, to famlllarise them with the work of the CVS and the obllgallons of Trustee5. Elected Trustees must slep down every 3 years al the AGM and co-opted Trustees each year 81 Ihe AGM. No person may so￿6 a8 a Trustee for more than six continuous years. All Trustees. elected and ¢OwOPted. have th8 8arne status once In posl. For full details please see the Arti¢le8 of Assoclatlon available on www.yorkcvs.org.uk Organl8atlonal Structura and d•cl8lon moklng York CVS operates under the legal, regulatory and flscal requirements whlch apply lo reg15tered ¢h8rttles In England. Our board of trustees Is r8sponsible for eni>uring that these requirements are mel at all Ilmes, and In partlcular that: In a lyplcal yoar, Income exceeds expendllure and that at all tlmes. we remain a golng concern We maintain suffi¢lenl re$erve8 to cover: costs known or predlcled lo fall du& In the fore8ee8ble future, such 88 rèpalrs to buildlngs Costs that would be Incurred in the unllkely event that York CVS Is wound up We m881 811 regulatory requirèments. including lamong others) employment law. health and safély regulallons. safeguarding legislation and reporting requlrements Our plans are based on iea50nable 88sumptions and our appetite for rlsk We assess and manage operational and reputallonal risks We are fully arxounlable lo our members We meet the standards sel out In the Charty Govemance Code. The Board of Trustees meets fomially at lea81 four tlme¥ each year. At quarterly meellngs the Board receives rinanclal and other operational and management inform8tlon and makes declslons concerning future strategic development, operational plans, financial management, organlsalional pollcy, dellvery and practlce as well as issues involving repulalN)n and relationships. Al least one addlllonal meelinglg held e￿h year to focus on futu development. The Chief Exe¢ullve develops an annual operational plan and budget for approval by the Board of Tru8188s, together with a target schedule which identifies the speclflc targets lo be achieved by each of Ihe CVS'S projects. Some targets are numerical - for example. the number of forums or Iraining events lo be organi86d. the number of people attending them, and so on. Others measure the Iself-reported) impact of our work on the Individuals we help.. for example, people reporting that they feel less lonely as a result of our support lin this Instance, our Way¥ lo Wellbeing project). Progress towards achieving targets 19 reported to the Trustees at their quarterfy meetings and final outcom85 are r8viewed al the end of the financlal year. In 2023-24, all performanG8 tsrgels were met or exceeded, with a small number of exceptions primarily due lo staff shortages. The Board of Trustees conducts an annual self-Èssessm8nt of perfomiance. The Chair speaks lo all Trustees individually and th8 Vi¢e Chair le8t1s a review of the Chair's performan¢e. The aim is to ensure all Truslees are fully engaged, able to speak their minds. contribute to the Chanty's work and put forward ideas for further Page | 15 YORK CENTRE FOR VOLUNTARY SERVICE {A Company LIMIt￿ by Guarantee) TRUSTEES. REPORT (contlnuad) FOR THE YEAR ENDED 31 MARCH 2024 development and improvement. Trustee skills audtts are carrled out periodically and training and development needs are identified. Trustees undertake online adult safeguarding tralning. York CVS is commltted lo meet the requirements and recommendallons set out In the Charity Governance Code.. a thorough ￿e￿-88$e$SMent wa$ carried out in 2022. Operatlonal matters and day-to-day decisions are vested in the Chief Executive and her team of st8ff, and are reported to the Board at their quarterly meetings lor more oftan. rf necessary). The Chair of Trustees conducts the Chief ExeGutive's appraisal and reports the outcome to the other Trustees at a closed meetlng, logetheT Wlth a report on the Chief Exe¢utive'¥ future objective5. The Chief Executive's remuneration is reviewed annually by the Board of TTuslees, taking account of the pay and conditions of people In comparable positions in York and beyond. Al olheT Staff salaries and terms and conditions of employment are reviewed by the Ch￿f Executive, who put5 all key proposals to the Board for consideration, amendment (If appropriatel and approval. In 2021-22, we prepared a report on our governance arrangement$, uslng the Charlty Governance Code 88 lemplale. The report sel out additional steps we n&8d lo take to oomply wllh all parts of the Code, together wlth melable for implementslion. The Trustees conlinued lo work wllh thls report during 2023-24. Re•ourc•• Commltt•• The Resources Commiitee was eslabllshed In 2019. The purpose of the Committeg is to oversee the annual external audit cycle, monllor and revlew the use of resources Includlng money, premlses and 51aff, and make recommendallons lo the Board. The Commlll8e comprlses the Treasurer Iwho chairs the Committee), the Chalr and Vlce-chalr of Trustees and two addlllonal mombér8 appolnled by the full Board. Rl8k manag•m•nt The York CVS rl$k management matrlx 8nd control measures are revlewed and updated as 8pproprlale at every quarterly meetlng of the Board of Tru81ees. Partlcul8r attenllon Is p8ld lo fln8ncial, reputatlonal and organ18atlon81 risl(s. The Board also regularly reviews rbsks relallng lo staff recrultment, relenllon and welfare. Addltlonal pressures created by the pandemic included staff absence, stress and the need lo malnlaln team 5plril whlle colleagues were worklng remotely. As noted elsewhere In this report, a staff w811b8ing group has been Sel up which ha3 been extremely helpful In planning ways lo support Staff in both the short term and the long term. Dlsclosure of Informatlon to audltor8 E8¢h of Ihe persons who are Tru81ees al the Ilme ￿en this Truslee8' report18 approved h88 confirmed that- $0 far as that Trustee18 aware. there Is no relevant audrt information of which the Charlll8 audltors are unaware, and that Trustee has taken all the steps that ought lo have been taken as a Tru81ee In order lo be aware of any relevant audll Information and lo establish that the charity's auditors are aware of that Informallon. Page | 16 YORK CENTRE FOR VOLUNTARY SERVICE (A Company Llmited by Guarante¢} TRUSTEES. REPORT {contlnugd} FOR THE YEAR ENDED 31 MARCH 2024 Audltor8 The auditors, HPH Accountants LLP. were appointed for an inillal period of three years following a tender pro¢es8 in January 2023. 0o¢laratlon The Trustees, Annual R8POrt and Accounts were approved by the 8oard of Trustees and signed on behalf of the Trustees by.. Davld Harbourne Chalr D8te.' 28th November 2024 P8ge117 YORK CENTRE FOR VOLUNTARY SERVICE (A Company Llmlted by Guarantee) STATEMENT OF TRUSTEES. RESPONSIBILrriES FOR THE YEAR ENDED 31 MARCH 2024 Tho Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for preparlng the Trustee5' Report and the financial statements in accordan¢e wllh appllcable lawand United Kingdom Ac¢ounllng Standards (United Kingdom Generally Accepted Accounting Practl¢el. Company law requires the Trustees to prepar8 financlal 5talements for each financial year. Under company law the Tru51ees mu51 not approve the financial stslement5 unless they are salSsfied that they give a true and falr vlew of the slate of affairs of the Charity and of its incoming resources and application of resource5, including ils income and exp8ndilur8. for that period. In preparing these financial slalemenls, the Trustees are required lo: select sullable accounting policies and than apply them consistently., obseThe the methods and prlnclples of the Charilles SORP IFRS 1021.. make judgments and accounting eslimales that are reasonable and prudent,. stale wh81hei applicable UK Accounting Standards IFRS 102) have been followed, subject lo anymaterial departures disclosed and explalned Sn Ihe flnan¢l81 statements., prepare the financial $lal&mants on the going ¢on¢ern basis unless It is inappropriate to presume thal Ihe Charlly wlll conlinue in buslness. The Trustees are responslble for keeplng adequale ac¢ountlng records that are sufficlenl lo show and explaln the Charlly's transactlons and dlsGlose wllh reasonable acGuraGy at any Ilme th8 flnanclal posltion of the Charlly and enable them lo ensure Ihal the financial statements ¢omply wlth the Companlos A¢1 2006. They are also responsSble foT safeguardlng the assels of the Charlly an(1 henGe for taklng reawnable steps for the prevention and detecllon of fraud and other Irregular6¢18$. Page118 YORK CEpifRE FOR VOLUNTARY SERVICE (A Company Llmltgd by Guarant•• INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES OF YORK CENTRE FOR VOLUNTARY SERVICE Oplnlon We have audited the financial statements of York Centre for Voluntary Service {the 'charitable company,) for the yéar ended 31 March 2024, which comprise the Statement of Financial Activities, Balance Sheet, Statemènt of Cash Flows and Not8S to the Financial Ststements, including a summary of slgnlficant accountlng policies. The finandal reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financlal Reporting Stsndard applicable in the UK and Republic of Ireland (United Kingdom Gen8rally Accepted Accounting Practlce). In our oplnlon the finandal stst8m8nts: glve a true and fair vlew of the slate of the charf(able company's affairs as at 31 March 2024 and of its incoming resources and appllcation of resources. InGludlng its income and expenditure for the year then ended: have been properly prepared in accordanc8 wlth Unlted Klngdom Generally Accepted Accounting Practlce., and have been prepared In accordance ￿th the requirements of the Companies Act 2006. Ba$ls for oplnlon We conducted our audlt In accordance wllh International Standards on Audltlng (UK) (ISAS (UK)) and applic8ble law. Our responsibilities under those standards are further described in the Auditor's r8sponslbilities for the audil of the financial statements section of our report. We are ind8pendent of the ¢haritable company in accordance with the ethlcal requirem8nts that ar8 relevant to our audit of th8 fin8nclal statements in the UK. induding the FRC'S Ethical Standard, and we have fulfilled our other ethical r8sponslbilit18s In accordance with these requirements. We believe that the audit evldence we have obtained is sufficient and appropriate to provlde a basis for our opinlon, Conclusions r•latlng to golng concgm In auditing the financial statement8, we have concluded that the trustees, use of the going concem basis of accounting in th8 preparation of the financlal statements Is appropriate. Based on the work w8 have perfomied, w8 have not identlfied any materlal uncertainties relating to ev8nts or conditions Ih8t. Indlvldually or collactively, may cast significant doubt on the charitable company's abillty to continu8 as a going concem for a period of at least twelve month5 from when the financial ststements are authoris8d for issue. Our responsibililies and the responsibllltles of the trustees with respect to going concem are described In the relevant sections of this report. Other infomiation The trustees are responsible for the other infomation contained wlthin the annual report. Th8 other infomallon comprises the infomalion included in the annual réport, other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other infomalion and, except to the extent otherwise explicitly stated In our report, we do not express any fomi of assuran¢8 conclusion thereon. Page | 19 YORK CENTrE FOR VOLUNTARY SERVICE (A Company LIMIt￿ by Guaranlo0) INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF YORK CENTRE FOR VOLUNTARY SERVICE othgr Informatlon (continued) Our responsibility is to read the other infomiation and, in doing so, consider whether the other information is materially inconsistent with the financi81 statements or our knowledge obtained in the audlt or otherwlse appears to be materially misstatéd. If wa identify such material inconsistenciés or apparent material misstatements. we ar8 r8quir6d lo determine whether this gives rlse to a material misstatement in the flnancial statements themselves. If, based on the work we have performed. we conclude that there is a mat8rial misstatement of this other information, we are r8quir8d to report that fact. We have nothing to report in this regard. Oplnlons on other matters prescrlbed by the Companlgs Act 2006 In our oplnion based on the work undertakèn in the course of our audit the infomiation given in the trustees, report, which includes the directors, report prepared for the purposes of wmpany law, for the financial year for which the financial statements are prepared is consistent with the flnanclal statements., and the directors, report included wilhin the Iru8tees' report have been prepared in accordance with applicable legal requirements. Matt•r8 on whlch wo are requlred to roport by exceptlon In light of the knowledge and understanding of the charltable company and Its environment obtained in the course of the audit, we have not identrfied material mi5Statements in the Istralegic report or thel directors, report included within the trustees, report. We have nothing to report in respect of th8 followlng matters In relation to whlch the Companles Act 2006 requires us to report to you if, In our opinion: adequate accounting records have not been kept., or the flnanclal statèm8nts are nol in 8greement with the accounting rècords and returns,. or certain disclosures of trustees, remuneration speclfled by law are not made. or we have not recelved all the infomiation and explanations we require for our audlt. or the trustees were not entitled to prepare the financial statements In accordanc8 With the small companies regim8 and take advantage ofthe small companies exemption in preparing the trustees, report. Page | 20 YORK CENTRE FOR VOLUNTARY SERVICE IA Company Llmlted by Guarante•) INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF YORK CENTRE FOR VOLUNTARY SERVICE Rgsponsibilities of trustees As explained more fully in the trustees, responsibilities staternent set oul on paga 18, the trustees (who are also Ihe directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparalion of financial ststements thal are free from malerial misstatement, whether due lo fraud or error. In p￿parIng the financial statements, the trustees are responwble for a5s888ing the charitable company's abilily lo continue as a going concem. disclosing, as applicable, matters related to going concern and using the going ¢onc8rn basis of accounting unless the trust6es either int8nd to liquid8te the charitable ￿rnPany or to cease operations. or have no realistic alternallve but to do so. Audltor's responslbllltlg8 for the audlt of the financlal statsmonts Our objediv8s are to obtain reasonable assurance about whether the flnanci81 statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinlon. Reasonable assurance Is a hlgh level of assuranc8. bul is not a guarantee that an audlt conducted In accordanc8 wllh ISAS (UK) will always detect a material misstalemenl when il exists. Misstatements can arise from fraud or error and are conslder6d material if, Indlvidually or in th8 aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud. 8re instances of non-¢ompllance wlth laws and regulatlon8. We desyn proGedures in line with our responsibilitles, outllned above, to d8tect material misstatements in respect of irregularftles, including fraud. The exient lo which our procedures are capable of detecting irregularities, including fraud is detailed below: We obtained an understanding of Ihe legal and regulatory frameworks within which the charitsblè company operates. focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. Th8 laws and regulations we considered in this context were the Charities Ad 2011 togelher wilh th8 Charlties SORP (FRS1021. We assessed thè required compliance with these laws and regulalions as part of our audit procedures on the related financial statement il&ms. In addttion, we considered provisions of other laws and regulations that do not have a direct effect on the financial statem9nts bul compliance wilh whSch might be fundamental to the charitable company's ability to operae or to avoid a material penalty. The laws and regulations we considered in this context were HeaKh and Safety 18gislation, Employment legislation, Charity Commissi)n regulations and General Data Proleclion Regulation IGDPR). Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Trustees and olher management and inspection of regulatory and legal correspondence, rfany. We also considered the opportunities and incentives that may èxlst within the charitable company for fraud. Page | 21 YORK CENTRE FOR VOLUNTARY SERVICE (A Company Llmltfjd by Guarantee) INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF YORK CENTRE FOR VOLUNTARY SERVICE Auditor'g responsibilities for the audit of the financial statements Icontlnued) We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, lo be the override of controls by Management, income recognition and fund classification. In response lo the risk of irr8gularilies and non-compliance with laws and regulations and risk of fraud, we designed procedures which included but were nol limited to.. sample testing on the posting of journals, detailed substantive testing on the comp1818ness of income, review of grant documentation, review of Iruslee's minutes and any correspondence with rogulalors. Owing to the inher8nl limilatlons of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial slatements, even though we have properly planned and performèd our audit in accordance with auditing standards. We are not responsible for preventing non- compliance and csnnol be expected lo detect non-compliance with all laws and regulations. These inherent limitations are particularly significant in th6 case of misstat6m8nt resulting from fraud as this may involve sophisticated schemes designed lo avoid detection, including deliberate failur8 to record transactions, collusion, or the provision of intenlional misrepr&sentations. We are not responsible for preventing fraud and cannot be expected lo detecl all fraud. A further description of our responsibilities for th8 audit of the financial statèments is located on the Financial Reporting Council's vRbsile at.. www.frc.or .uklaudilorsres onsibilities. This description forms part of our auditor's report. U8e of our report This report is made solely tc th8 Gharitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Cornpanies Act 2006. Our 8udit work has b86n undertaken so that we might stale to the charitable company's members those matters we are required to state lo them in an auditor's report and for no other purpose. To the fullest 8xl8nt permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable cornpany's members as a body, for our audit work, for this report, or for the oplnions we have formed. Sarah Wearing jsenior Statu For and on behalf of HPH, St ryAu itor) uditor 54 Bootham YORK Y030 7XZ Dale: 29 November 2024 Page | 22 YORK CEpifRE FOR VOLUNTARY SERVICE (A Company Llmlied by Guarants•) STATEMENT OF FINANCIAL AcTIV￿lEs {INCORPORATING INCOME AND EXPENDrruRE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 Unr•strlcted Fund$ 2024 Restrlcted Funds 2024 Total Funds Total Funds 2024 2023 Income From: Donatlons and Legacies Charitable acllvilies Investments Other Income 1,318 528,426 4,420 1,318 1,974,887 4,420 1,89T 1.881.205 619 1.616 1.446,461 10 Total Incorn• 1446 461 1,980 625 1,885,337 Expendlture on: Charitsble aclivltie8 11 650,251 1,423,139 2,073,390 1,927,437 Total Expondltur• 650 251 1423 139 2 073 390 1,927,437 Not (oxpond5tur8)Ilncome bgforg not gains on Invo$tment8 Nel gain on Inveslmenl$ Transfer of Funds (116.087) 53,072 3,260 23,322 {92,7651 53.072 (42, I(￿) (3,713) {3,2601 Not mov•m•nt In fund• 59.755 39.693 R•conclllation of fund•: Total funds brought fomard N81 movement In fund8 1,190,030 (59,7551 430,962 20,062 1.620,992 {39,6931 1,666.805 (45,813) Total funds ¢arriod forward 1,130,275 451,024 1,581,299 1620,992 The Statement of Flnanclal Activities includes all gain8 and losses re¢ognl$ed in the yoar. The notes on p8ges 25 to 44 fomi part of these financlal statements. Page | 23 YORK CEKfRE FOR VOLUNTARY SERVICE (A Company Llrnlted by Guararrtoe) BALANCE SHEEf AS AT 31 MARCH 2024 2024 2023 Not• Flxed assets Tangible assets Investments 17 18 523,209 484,221 $32,8TO 431.149 1,007A30 964,019 Curr•nl a8S•t8 D8blors Cash al bank and In hand 91,067 843,952 228,844 841.163 935,019 1,070,007 Creditor8: 8mount8 fallSng due wllhln one year 20 1361.1501 (377,818) N•t curr•nt a8s•ts 573,869 692,189 Total u8•t•1018 curr•nt Ilablllll•s 1,581,299 1,656,208 Credllors.. amounts falllng due after more than one year 21 (35,216) T•)tsl not a•8•ts 1,081,299 1,620,992 Charltyfunds Reslricled funds Unreslrlcted funds 22 451,024 430,962 Oesignated funds General funds 22 22 765,844 364,431 809,246 380, 784 Total unrestricted funds 22 1,130,275 1.190.030 Total funds 1,581.299 1,620,992 Th&flnanclal statements have been prepared In accordance wth the special provisions of Part 15 of the Companies Act relating to small companleg and conslllute the annual accounts required by the Companies Act 2006. The flnanclal Statements were approved and authodsed for issue by the Trustees on 28th November 2024 and slgned on thelr b8half by.. David Ha Chair The notes on pages 25 to 44 form part of these financlal statements. rne Pag8 | 24 YORK CENTRE FOR VOLUNTARY SERVICE (A Company Llrnltgd by Guarantao) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH2024 2024 2023 Cash flows from operallng actlvlti Net cash used in operating aclivitles 25 4,196 (342,738) Cash IIow8 from Invosting actlvltles Dlvldends, interests and rents from Inv8slm•nls Purchase of langlble fixed assets Not cash provld•d by Invostlng activitl•s 4420 15,827) (1,407) 619 (33,009) (32.390) Change In ca8h and cash •qulval•nts In the year Cash and cash equivalents al the beginning of the year 2,789 (375, 128) 1,216,291 841,163 Cash and ¢a8h wulvalonts at th• •nd of th• y•ar 843,952 841, 163 The notes on 08aes 25 to 44 form Dart of th888 flnanclal slalements Page | 25 YORK CENTRE FOR VOLUNTARY SERVICE (A Company Limitsd by Guarant••} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Gon•ral Infomiatlon The Charity is a private company limited by guarantee and is a registered ¢harily. The Charty Is registered in England and Wales and Its registered off￿e is as slated In the Reference and Admini8lr8tion section of the AnnualReport. The fun¢tionlng and presentational currency 1$ Slerllng {£)- Accountlng pollcl 2.1 B￿10 of prnparation of flnanelal stat•m6nt8 The financial statements have been prepared in acCordar￿e with the Charlties SORP IFRS 102) - Accounting and Reporting by Charities.. Slatem8nl of Recommended Practice appI￿able lo charilles preparing Ihelr a¢wunts in accordance with the Financial Reporting Standard applicable In th8 UK and Republic of ITelawKI IFRS 1021 (effective 1 January 20191 and the Companies Act 2006. York Centre for Voluntary Servlce meets tha definltlon of a public benefit 8nlity under FRS 102. Assets and liabilities are inilially recognis8é al hlstorical cost or transaction value unless olherwlse staled In the relevant accounting pollGy. 2.2 Golng conc•rn The Trustees are satisfied that the golng concern ba8ls Is appropriate for the pr6p8ratlon of the nancial stslemenls due to the net asset position of the Charlly and the avallablllty of sufficient ca8h reseNes lo meet liabilities as they fall due. The Trustees have consldered the current e¢onomlc environment on the aclivilie5 and operallons of the Charity. The Charity has adapted well through amending ils operational procedures and has ¢onllnued to deliver Its projects and servlces. The Trustees are confident that reserves will remaln sufflclenl lo meet the Charity's needs into the 2024- 25 financlal year. In reaching Ihelr ¢onclusSon, the Trustees hav8 considered ¢a$h flow8 coverlng a period of 12 months from the dale of sign off, including any fundlng lo support the organ1881ion. They have also considered future slroleglc and operallonal objecllves for the en5ulng 12 rnonlh8 and have considered and ap￿le￿ sensitlvity analysis on the forecasts as appropriate. A8 8 consequence, the Trustees belleve Ihal the charlly Is well placed lo manage 118 financlal rlsks Successfully despite the current challenglng and unpredlclable economlc outlook. The Trustees have a reasonable expectallon that the charity has adequate r&seNes lo conllnue in operational exislen¢e for the foreseeable future and for a period of al least 12 months from the dale of signlng of these flnanci81 statements. Accordingly, the Truste8$ ¢onllnue lo adopt th& golng concern basis in preparing the accounts. 2.3 Incofflo All income 13 included the SOFA when the Charity Is legally entlUed to the income and the amount can be quantrfled vlth reasonable accuracy. Inwme for grants is deferred where a funder specifies that income musl be used in future accounting periods. Other income is deferred where il relates to the following year. Grants are included In the Statement of Financral Activities on a receivable basls. The balance of income received for specific purpos&s bul not expended during the period is shown in the relevanGe funds on the Balance Sheet. Where income is received in advance of enlillement of receipt, ils recognition Is deferred and included in creditors as deferred income. Where enllllemenl occurs before income18 received, the Income is accrued. Page126 YORK CENTRE FOR VOLUNTARY SERVICE (A Company Llrnltod by Guaranto0) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Ac¢ountlng pollcl•s Icontlnued) Any income tax recoverable in relation to investment income is recognised at the time the investment Sncome 1$ recelvable. 2A Expondltur• All expendllurè is a¢¢ounled for on an accruals basis and has b8en classified under headings that aggregate all costs related lo the category. Expanditure Includes any VAT which cannot be fully recovered as part of the expenditure to which it relalè$. Raislng funds comprise the costs assoclaled with the preparation of fundlng appllc8tions and of allracling voluntary income. Charllable expendllure comprlses those costs incurred by the Charity in the dellvery of Its aclivilie8 and services. It includes both costs that can be allo¢aled directly lo such actlvlll89 and those costs of an indlrect nature necessary lo support them. Gran18 awarded are charged in Ihe year when fomally awarded by the Chartly in Ilne vAth fundlng requlremenls and are accounted for as they are pald. All costs are allocated betW8on the expenditure categories of the SOFA on a basls d6slgned to reflect the use of the resource. Co$ls relating to a particular activity are allocated directly,. others are apportioned on an appropriate b8sls as sel out in note 12. Grants payable are charg8d in the year when the offer Is made except In th08e cases where the offer is condS1ional, Such grants being recognised as expenditure when the conditions attachlng are futfllled. Grants offered subjeGI lo conditions which have not been mel al the y8arend are noted a8 commitment, bul not accrued as expenditure, 2.5 Intere•t rocolvablé Interest on funds held on deposll Is Included when ro¢&lvable and the amount can be measured reliably by the Charity,. this Is normally upon notification of Ihe Interest paid or payable by the Inslilullon wlh whom the funds are deposited. 2.8 Taxatlon The Charity is con5idored to pass the tests sel out in Paragraph 1 Schedule 6 of the Flnance Act 2010 and therefore il meets the definition of a charitable company for UK corporallon lax purposes. Accordingly, the Charity is potentially exempl from tsxation In respect of income or capitsl gains received within categories covered by Chapter 3 Part 11 01 the Corporation Tax Act 2010 or Section 256 of Ihe Taxation of Chargeable Gains Act 1992, to the exlenl that such income or gains are applied exclusively to Gharitable purposes. 2.7 Tangiblg fix•d a¥¥•ls and depreclatlon Tangible fixed assels costing £2.000 or more are capitallsed and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are inttially recognised at cost. After ￿cOgn((lOn, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairm8nt losses. All costs incurred to bring a tsngible fixed asset into its intended working CO￿li110n should be included in the measuiem8nt of cost. Page | 27 YORK CENTRE FOR VOLV￿rARy SERVICE {A Company Llmltgd by GuaraThte•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Ac¢ountSng pollcles (contlnuèd 2.7 Tanglbl• flxed 0089ts and depreclatlon (contlnuodl Oeprecialion is charged $0 as to allocate the ￿$t of tangible flxed assets less their residual value over their estimated useful lives, Depreolallon Is provlded on the followlng bases.. Leasehold Improvement$ Equipment Over the term of the lease 2.8 Investments Inv8slments are slal8d al market value at the balance Sheel date. The SOFA Includes the nel galn8 and10$8es arl8lng on revaluallon and dlsposals throughout the year. 2.9 D•btor8 Trade and other debtors are recognlsed al the settlem8nl amount after any trade dlscounl offered. Prepayments are valued al the amount prepald not of any trade dl8Gounts due. 2.10 Cuh at bank and In hand Cash at bank 8nd In hand Includes cash 8nd short-term hlghly Ilquld Investments wlth a short malurlly of three months or less from the dale of acqul8lllon or opening of the deposll or simllar account. 2.11 Llabllltlo• and provlilon8 Llabllltl85 are recognlsed when there Is an obl￿allOn al the Balance Sheet date a5 a r&sull of a pasl event, il Is probable that a transfer of economlc beneflt wlll be requlred In selllem8nl, and the amount of the selllemenl can be &slimaled rellably. L18billlles are recognlsed al the amount that the Charity antl¢lpales il will pay lo settle th8 debt or the amount11 has received as advanced payments for Ihe goods or servlces it must provide. 2.12 Flnanclal In8trum•nts The Ch8rlty only has flnanclal assets and financial liabilities of a klnd that qualify as basic financial Instrument8. Baslc financial inslrumenls are initlally recognlsed al transaction value and subsequently measured at their selllem8nlvalue. 2.13 Rotlrnment bengflts Up until 1 October 2012 employees were entillgd to join the mulli4mployer pension scheme Growih Plan 3 which was a defined benefit scheme. Then employees were offered to join the mulli-employer pension 8cheme Growth Plan 4 which is a defined ¢onlribulitin scheme. Following auto enrolment from 1 October 2015 new and existing employees were automatically enrolled into the multi-employer Growth Plan 4 scheme unless they have exercised their right lo opt out of scheme membership. Th8 amount charged lo the Slalement of Financial Activities is the contributions payable in the year and also includes the movement in the liability due the multi- employer penslon scheme. More details of the srheme be found in note 29. Pag8128 YORK CENTRE FOR VOLUNTARY SERVICE (A Company Llmltad by Guaranteo) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles{continugd) 2.14 Oporating l•aso8 Rentals payable under operating leases are Charged to the Statement of Flnanci81 Activities as incurred over the terms of th8 lease. 2.15 Fund a￿oUntIng General funds are unrestricted funds whlch are available for use al the discretion of the Trustees In furtherance of the gènèral oblectives of the Charity and whl¢h have not been designated for other purposes. Oeslgnated funds comprise unreslricted funds that have been set aslde by the Trustees for partlojlar purposes. The aim and us8 of each éesbgnated fund is sel out In the notes lo the financial stalomenls. Re$lri¢ted funds are funds which are lo be used in accordance ￿th specfflc reglrlctSons Imp058d by donors or which have been ra13ed by the Charity for partlcular purposes. The costs of ralsing and administering such funds are charged against the 9p&cific fund. The alm and use of each restricted fund Is sel out in the notes to the financlal ststements. Inv8glment Income, gains and1088e8 are allo¢aled to the approprlato fund. L•gal status of charlty Thè Charlty Is 8 prlvale company Ilmlted by guarantee and ha8 share capllal. The Ilablllty of each member in the event of ￿ndIng-up Is Ilmlted lo 25p. Crltlcel accountlng 08tlmat•s and aroa8 ofJudgm•nt Estimate8 and judgments are contSnually evaluated and are based on historical exp8rience and olh8r factor8. Includlng expectations of future events that are balleved lo be reasonable under the circumstances. Crltlcal a¢¢ounllng esllmates and assumptlon8'. The Charlly makes esllmale8 and 8ssumptSon8 COnGeTning th& future. The resulting a¢¢ountlng estimates and 858umplions wlll, by deflnltion, seldom equal the related actual results. The eslimales and assumption5 that have a signrflc8nl risk of cau8lng a material aéjustmenl lo the carrwng amounts of a55els and liabilities wlthin Ihe n&xtflnarKial year are dlscussed b810w. Crillcal areas of ludgmenl.. Tangible fixed assets. as menlloned Sn note 2.7 above, are depreciated over a period intended to refiect their estimated useful lives. The appllcabillly of the assumed lives is reviewed annually, taking into account fa¢lorn $u¢h as Ph￿l¢al condition, maintenance and obsolescence. Tangible fixed ass8ts are also as¥essed 8$ lo whether ther8 are indirators of impaimient. The assessment involves Gonsideration of the economic viability of the purpose for which the asset is used. Pag8 | 29 YORK CENTRE FOR VOLUNTARY SERVICE (A Company Umltod by Guwant•o) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 In¢om• from donatlons Unrostrictod R•strlctod fund8 funds 2024 2024 Totsl funds 2024 Total funds 2023 Donatlons 1.318 1,318 1,897 Tot812023 1,397 1.897 Incom• from charltable actlvltlos Unrostrlctod funds 2024 R••trl¢t•d fund8 2024 Total funds 2024 Total funds 2023 Grants and contract$ (Note 71 Room hlre and services to organlsallons Proje¢l Income (Note 8) 06,361 432,C65 98,361 432,065 1,446,461 181,772 332,809 1,366,624 1,448.461 Total 2024 528,426 1,446,461 1,974,887 1,881,205 Tot812023 524,581 1,356,624 1.881,205 Gfants and contrncts Unrnetrlcted funds 2024 Total funds 2024 Total funds 2023 Cty of York Councll Clinical Commissionlng Group Other Grants & Contracts 48,CQO 48,572 {2111 48,000 48,572 (2111 48,000 37,592 80, 780 Total 2024 96,361 96,361 181,772 Total 2023 181,772 181, 772 Included wllhin Gran15 and Contracts (note 71 are Govemment Grants totalling £82,72212023.' £140,058) Page130 YORK cEl￿RE FOR VOLUNTARY SERVICE (A Company Llmllod by Guaranto•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Projoct income Unr￿trICted funds 2024 Ro8trlcted funds 2024 Total lunds 2024 Total funds 2023 CYC Heallhwatch York MullSple Comp18x Needs Nehvork Social Prescrlbing Way 2 Wellbelng York Endlng Stigma York Volunleers Centre Community Mental Health Foss Park ProleGt Poverty Truth Commission Cornovlrus Research Workforce Investment Committee Bulldlng Extra Discharge Support Cultural Value$ Project Dlscharge FundSng Older Aged AdullslPalhway to Re¢overyl Walllng Well Community Development Communlly Mental Health Transfomialion Third Sector Small Grants Fund Awards For All Serious Mental Illness Sulclde Prevenllong Vaccinalion Capacity Building C8paclly Bulldlng Olher 153.549 153,549 120.790 188,067 273.431 176.760 328,584 182,591 50,428 48,000 63,030 328,584 182,591 50.428 48,000 63,030 37,450 70,000 59,678 f417) 13,326 13,326 119.950 175,000 119,950 175,000 16,250 20,000 47,000 75,OOQ 25,000 10,000 60,937 33,333 10.000 2,845 145,000 111,4581 80,334 145.000 111,456) 80,334 171 26,000 22,800 49,332 {7) 26.000 22,8¢)0 49.332 Totsl 2024 1,446,461 1,446,461 1,366,624 Total 2023 10,000 1,356,624 1,366.624 Page | 31 YORK CENTRE FOR VOLUNTARY SERVICE {A Company Llmltsd by Guarante0} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 9. Invostmgnt In¢om• Un￿t￿cted Funds 2024 Restrlcted Total Funds Funds 2024 Tolal Funds 2024 2023 Investment InGome 4,420 4,420 619 Tolal 2024 4,420 4420 619 Total 2023 619 619 10. Other Incomo Unro8trlct•d Funds 2024 R￿trIcted Total Fund8 Fundi 2024 Total Funds 2024 2023 In8urarKe Clalm 1,616 Total 2024 To1812023 1,616 1,616 11. Analy819 of expondltur• on charltableactlvltl Llnrostrlcted Rostrlctod fund8 fund$ 2024 2024 Total fund8 2024 Total lunds 2023 Core servlces Project Gosts Gr8nls payable 647,335 2,916 647,335 1,133,757 292,298 519,038 1,163,753 244,646 1,130,841 292,298 Totsl 2024 650,251 1,423.139 2,073,390 1,927.437 Total 2023 537,033 1,390,404 1,927.437 Page | 32 YORK CENTRE FOR VOLUNTARY SERVICE IA Company Llmtted by Guarant••> NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 12. Analysls of Expènditure by Costs Support Costs 2024 Staff ¢08ts 2024 Other costs 2024 Total costs 2024 Tot81 costs 2023 Core- Priory Street Centre Heallhwalch York Multlple Needs Nelwork Social Prescribing Ways 2 Wellbeing Humber Coast and Vale Dlreclor York Endlng Stigma York Volunteers Centre Community Mental Health Dlabetes FundirrfJ Foss Park Project Poverty Truth Commisslon Coronovirus Research Buildlng Extra Dlscharge Cultural Values Prole¢t Dlscharge Fundlng Older Aged Adults (Pathway lo ReGoveryl Communlty Development Communlty Mental Health Transformalh)n Team Third Se¢lor Small Grants Awards For All Serlous Mental Illn88S Capacity Building Project Workforce Investment Commlttee Sulclde Prevenllon Fund Grants Mad•: Communityvoices York Disability Week Cost of Llving Support Lankelly Chase Ways lo Wellbeing Third Se¢tor Grants Waits'ng Well Pathway lo Recovery Project Healthwalch 474,176 100,687 26,110 296,340 104.743 72,665 34,269 30,253 29,181 57,873 100,494 3,629 2,334 254 1,056 647,335 138.585 58,697 325,775 163,672 519,038 147,805 208, 775 305,214 164,509 42 81,510 87,881 19,836 1, 127 44,061 43, 798 10,388 9,998 15,546 8,258 34.503 58.358 18,776 21,948 14,569 10,729 145 555 79 58,594 73,482 29,584 21,957 25,389 4,882 28,380 4,897 18,269 1,005 20,426 377 198 27,231 43,856 5.887 48.882 76 11,782 5.280 82 17.124 4,168 4,178 4.166 14,235 9,978 79 8,812 26,446 2,294 462 1,248 6.093 8,205 1,045 2,170 34.942 3.357 2916 1,248 31,320 14,539 2,977 6,995 1,682 18 25,032 195 17,154 4,854 28,118 1.817 261 45,533 6,671 5,000 1,000 5,000 51,913 56,163 30,000 25,000 63.280 7,290 25,OC 18,595 69,850 25,000 18,595 69.850 7,554 7,554 Page | 33 YORK CENTRE FOR VOLUNTARY SERVICE (A Company Umlt•d by Guarant•o) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Continued...... Community Mental Health Developmenl Extra Discharge Support Servlce 121,299 121,299 50.000 50,000 Total 2024 1,274,592 888,391 110,407 2,073,390 1,927,437 Total 2023 1, 194,694 648.326 84,417 1,927,437 Support Costs- c￿traI S•rvl¢ 2024 2023 Depreclallon Communlcalions and Marketing Insurance Irrecoverable VAT Bullding costs 15,488 14.691 11,601 27,297 31,417 11,483 11,144 10.584 23,994 4. 566 Support staff costs of £471,97512023'. £417.8621 included within total Slaff ¢0818 have been allocated on the basss of an esllmal& of staff time $p8nt on those activities. Support other costs have been allocated on the bas[8 of an estlmate of the proportlon of expendlture Incjjrred In that part of the organisation. based upon usage and $pa¢e allctalion. 13. Grants p•yabl• In the accounting year ended 31 March 2024 there were no grants to Indlvldual$12023'. Nil} and 29 grants lo instllutions lotalllng £292.298 (2023- £210,841 }- Included In the grant5 made were the followlng.. Emerging Voices £14,135., Kyra Women's Project £17,696; York Travèllers Trust £18.773', Transltions York CIC £14.000', Chocolate and Co £19,867., Friends of Sl Nlchola8 Fields £16.953.' Survive £19.875' York CareTS Centre £47,553.62.. Good organisalion £12,500,. York In Recovery £12,500.. all other granls were £10,000 or below to any one organisalion. 1& Audltors. remuneratlon 2024 2023 Fees payable lo the Charivs auditor for the audit of the Charity's annual accounts 6,000 Fees payable to the Charitls audllor In respect of: All non-audrf( seNices not induded above 250 250 Page134 YORK CENTRE FOR VOLuKfARY SERVICE IA Company Llmltod by Guarantw) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 15. Staff cmts 2024 2023 Salaries and wages Social security costs Penslon costs 1,130,705 1,074,539 91,446 88,358 274 The average number of employe8s in the year ended 31 March 2024 was SO {2023'. 50). The average headcount expre83ed as full-llme equlvalents wa8-. 4012023.. 371 for the year ended 31 March 2024. One employee recelved remuner811on amounting to more Ih8n £60,000, Includlng EmployeTS Nl and Penslon12023'. 1). The key management personnel comprlse the Trusl8eS. the ChSef Execullve Officer and SenioT Manag8m8nl Team. The SMT members belng CEO, Deputy CEO, OperalSons Manager, Finance Manager, Heallhwalch Manager and Prolecl Development Manager. The lolal pald to key management pgrsonnel durlng the year. Includlng employer8 Nl and Penslon was £243,535 for 6 employees {2023 £224,586.. 6 employees). Volunteer8 have supported York CVS in th8 admlnislratlon of the Volunteer Centre., providlng awaren888 and experlence of mental health for thg York Endlng Sii9ma Prolecl,. collecting patient oxperignces for Healthwalch, volunteering as Communlly Commlssloners for the Poverty Truth Commlsslon,. volunteerlng exp8rience or skills in some of th& other projects. 16. Tru8to0•' remuneratlon and expense• Ourin9 the year, no Tnjslees recelved any remunerallon or other benefits (2023 - £NIL). Durln9 the year enfjed 31 March 2024, £146 travel expenses were relmbursed or pald directly lo 1 Trustee (2023.. £45). 17. Tanglble flxed a88et8 Leasehold Improvements Equlpmont Total Cost or valuatlon At 1 April 2023 Addlllons Disposals 1.575,664 55,367 5,827 1,631,031 5.827 Al 31 March 2024 1,575,664 61,194 1,636,858 Dgpreclatlon At 1 Aprll 2023 Charge for the year On disposals 1.072.343 6,872 25.818 8,616 1,098,161 15,488 At 31 MarGh 2024 1,079,215 34,434 1.113.649 Page | 35 YORK CENTRE FOR VOLUNTARY SERVICE (A Company Llmttgd by Guaran1••) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 17. Tanglble fix•d assets Icontlnu•d) Loa8•hold Improvomont Equlpm•nt Total N•t book value At 31 March 2024 496,449 26,760 523,209 At 31 MarGh 2023 503,321 29,549 532,870 18. Flxed asB•t Investment• Investm•nts Cosl or valu•tlon Al 1 April 2023 R•valu¥tlon• 431,149 53,072 At 31 March 2024 484.221 N•t book valu• Al 31 March 2024 484,221 At 31 March 2023 431, 149 The balance relales lo the COIF Charltleg Investment Fund wllh a market value al the year end dale of £484,221. The hlslorical cost of thls inve8lmenl was £300,000. 19. Deblor• 2024 2023 Due wlthin one year Trade debtors Other debtor5 Prepayments and accrued income 78,825 1,416 10.826 217,178 11,666 91.067 228,844 Page | 36 YORK CENTRE FOR VOLUNTARY SERVICE IA Company Limitod by Guaranto0) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 20. Croditors: Amounts falllng due wlthln onoyear 2024 2023 Trade creditors Other credllors Accruals and deferred Income 17,688 4.403 339,059 3T,T52 12,440 327,626 361,1 $0 377,818 2024 2023 Deferred Income al 1 Aprll 2023 Resources deferred durlng Ihe year Amounts released from yevlous perlryjs 298,800 241,661 1298,800) 62&94T 298,800 (625.947) 241,861 298.800 D8ferr8d Income of £241,661 Include8 the follo￿ng fundlng for 2024-25.. Thlrd S￿l0r Sm811 Grants Fund & Adminislrallon for 2024-25 £55,333,. Proca¢llve So¢lal Pre$¢rfber Fundlng for 2024-25 £46,328,. Mental Health Transltlon8 Grant Funding 2024-25 £140,000. 21. Cr•dltors: Amount8 falllng due after more than oneyear 2024 2023 Other creditors 3,549 Deferred Income 31.667 Total 2024 35,216 There was no li8bilily due after more than one year in Credllors above £nil12023 £35,218) Included In the above liability due over 5 years l £nil {2023'. £nil}. Page | 37 YORK CENTRE FOR VOLUNTARY SERVICE (A Company Llmlted by Guaranto0) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 22. Stat•rn•nt of funds Stat•ment of funds - curront year Balance at31 March 2024 Balan¢0 at 1 Aprll 2023 Transfers G•ln81 Inllout) IIM80s) In¢omts Expendltur• Unrestrlctod Funds Dfrslgnated Funds Fulure Maintenance Fund Fixed Assets Fund Strategic Plan Fund 201,971 532,870 74,405 809.246 131,442} {9,660} 2,300 170,529 523,210 72.105 765.844 G•n•rnl Funds General Funds 380 784 534 164 606,849 3260 53,072 364,431 Total UDrestrlctad Fund8 Re8trlctod Fundi Heallhwalch York Mulllple Needs Network Soclal Prescribing Demenlla co-ordinator Way¥ lo Wellbeing York Endlng Stigma York Volunteers Cenlfe Communrty Mental Health Foss Park Project Poverty Truth Coron8vlrus Research Green Spacés Workforce Investment Bulldlng Extra Discharge Cultural Values Project Dlscharge Funding Older Aged Adults Communlty D8velopmenl Comm Mental Health 3rd Sector Small Grants Serious Mental Illness Suicide Preventions Fund Vaccination Capacily Building Capacity Bullding Other Total Restricted Funds 1,190,030 534,164 1650,2511 3,260 53,072 1,130,275 5.852 85,295 136,2291 3,866 60,199 4,428 81,089 153,549 1138.585) 183,6971 (325,7751 20,818 1.199 10,995 3,866 31,990 (1,7381 35,607 13991 44,415 328,584 182.591 50.428 48,0(KJ {182,2671 {28,5331 (56,594} {73,482) 42,327 27,955 41.320 10.200 15,882 63,030 129,584) 127,2311 143,8561 {5,8871 75,773 724 10,790 4,313 13,326 {15,8821 119,950 (45,533> 74,417 6.252 4,454 38,742 11,720 175,OCM) 198,882) 82,370 (4,454) {17,124) (11,720) 21,618 1,188 145,000 46,398 (11.4561 356 80,334 1,25S 171 1135,534) 134,9421 173,2071 (1,2481 10.654 7,483 26,000 16,671) 19,329 22.800 49,332 22,800 18.012 131,3201 1,587 430,962 1.446.461 1,423,139 3,260 451024 Total of Funds 1.620,992 1.980,625 2,073,390 53.072 1,581.299 Pag8 | 38 YORK CEl￿RE FOR VOLUNTARY SERVICE (A Company Llmltod by Guarants•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Statement of funds {continu0d) Statement of fund$- prioryear 8alanc• at31 March 2023 Balance et l Aprfl 2022 Trnn8f8rs G•1 In/(out) (loss•s) Incam• EX￿ndlI￿r• Unrnstrlcted Funds Deslqnated Funds Future Maintenance Fund Fixed Assets Fund Strateglc Plan Fund 201,911 511,343 75.000 201,971 532,870 74,405 (11.483) (595) 33,010 788 314 G•n•ral Fund$ General Funds 405 120 528 213 524 955 Total Unrnstrlcted Fund$ 1, 193,434 528,213 (537,033) 9,129 .(3.713) 1,190,030 Restrlcted Funds Healthw8lch York Mulliple Need$ Nehvork Social Prescrlblng Dementia co-ordln8tor Ways to Wellbeing Humber Coast & Vale York Ending Stwma York Volunteers Centre Comm Mental Health Dl8b&t6s Funding Foss P8rk Project Poverty Truth Coronavlrus Research Gr66n Spaces Building Extr8 Dls¢harge Cultural Values Project DisGharge Funding Older Aged Adults Wailing Well Community Dev8lopm8nl Community Mental Health 3rd SeGtor Small Grants Serious Mantal Illne$$ other Total R•sti¥ctsd Funds Total of Funds 40,157 157,916 (21,660) 3,866 104,111 9,tT1 14,938 58,9TO 24,713 18,433 2,016 25,440 21,005 15,882 120, 790 188,067 273,431 (155,095) (260,688) (305,214) 5.852 85,295 (36,229) 3,866 60,199 l T,2t4 176, 760 (220,672) (42) (9, 129) (61,510) (87,881) (19,836) (1, 127) (17,306) (44,061) (43. 798) (10,388) 51,000 90,000 37,450 4,428 67,089 42,327 70,000 59,6T8 (417) 27,955 41,320 10,200 15,882 16,250 20.000 47.000 75.000 25.000 (9,998) (15,546) (8,258) (63,280) (25,000) 6,252 4,454 38, 742 11.720 10.000 (8,812) 1, 188 60,937 33,333 2.845 (74,539) (32,977) (1,682) 46.398 356 1.255 1,587 92 1.587 473,371 1,357.124 1666 805 1885 337 1.390.404 1927 437 430,962 1620 992 Page | 39 YORK CENTRE FOR VOLUNTARY SERVICE (A Company Umlted by Guaranteo) NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 MARCH 2024 23. Summary of funds Summary of lund3 - ¢urront year Balance at Transf•r8 Galn81 31 March Expendltur• Inl(oul) (Losses) 2024 Balance at 1 Aprll 2023 Incom• Designated funds General funds Reslricled funds 809,246 380,784 430,962 (43,4021 {606,8491 (1.423,139) 765.844 364.431 451,024 534,164 1,446,461 3,260 13.260) 53,072 1.620,992 1,980,625 2,073,390 53,072 1561,299 Summary olfunds. prlor year B81anc8 at Tr8nsfers Galns/ 31 M8rGh Exp8ndlture in/(out) (Losses) 2023 8818nce al l Aprm 2022 Income Deslgnated funds 788,314 (12,078) 33,010 809,246 Gen&ral funds 405, 120 528,213 (524,955) (23,881) (3, T13) 380,784 Restricted funds 473,371 1,357,124 (1,390,404J (9,129) 430,962 1.666,805 1,885,337 1,927,437 3,713 1,620,992 Pag8 | 40 YORK CENTRE FOR VOLupifARY SERVICE (A Cornpany Limllod by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 22. Surnmary offunds {contlnued} D￿19￿81￿￿ Funds The Future Mainlenon¢e Fund Reserve has been set aslde to provide for long term future malnten8n¢e of the Priory Slreelcentre. Th& Flxed Assets Fund represents the lotsl nel book value (NBVI of flxed assels held by the Charity. The Strategic Implementslion Fund Reserve has been Sel aside lo supwt the ImplemenlatSon of the slralegic plan which will Include supportin9 Staff tralnlng, development and wellbelng. R•8trlGtod Fund8 Majority of our funds for prole¢l work ar8 reslrlcted and funds are ulllised on th8 basls of any agreements in place relating lo the funds. The kay funds are delalled below and fvther details are Sncluded in the Trusl8è8' Report. H&811hwatch York This is the funding from Clty of York Council lo enable the publlc lo volce Ihelr oplnlon8 on the tKovlsSon of Healthcare Servlces. Social Pr ri in W slowell Social Prescriblng Is a soclal solution to ¥that Is often presented 88 a medlcal or cllnlcal need. People are supported lo achlev8 the goals they sel by working wllh them, removing barrSers and 8uggestlng options. York CVS runs Ways lo Wellbeing which works In secondary care and the Prlmary Care Llnk Workers who are based in GP practlces across the clty. York Endin ma We work Sn partnership wllh Publlc Health colleagues to r8189 awareness. change alllludes and rndu¢e stigma about mentsl health. York Volunteers Funding to 8UPPOrt tho charitable sector In York lo recruit, manage, traln and relaln volunteers. Pove Funding to support the Developmanl of a Poverty Truth Commisslon, enabllng people with experience of poverty lo share their Stories and Idenllfy Issues that are Important to them, such as housSng, benefits system and health. Buildin and Dischar In Funding lo bring together voluntary sector organlsallons across York lo make a 8ignfflcant impact on health pr6ssures by provldSng capaclly 10 8UPPOrt discharges from hospitals within the City. Pagè | 41 YORK CEpifRE FOR VOLUNTARY SERVICE (A Company Llmlt•d by Guaranteo) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 24. Analysis of n•t assets botweenfunds Analysls of n•t assets botwmn funds - eurr•nt peflod Unrestrl¢tod Re8trl¢tod fund8 funds 2024 2024 Total funds 2024 Tangible flxed assets Flxed asset investments Current as$etg Credltors due wilhln one year Credllors due in more than one year 523,209 484,221 483,995 142,9461 523.209 484.221 451,024 935,019 1318,2051 1361,1 $01 Total 1,448,480 132,819 1,581,299 Analy818 of net ass•t$ b•tweon fund8 - prlor perlod Unreslrlcted lunds 2023 Roslrlcted fvnds 2023 To181 fvnds 2023 T8nglble fixgd as$els Fixed asset Investments Cu￿ent assets Credllors due withln one ye8r Credltors du& in morn Ih8n one year 532,870 431,149 274,031 795,976 (44,471) (333,347) (3,549) (31,667) 532,870 431,149 1,070,OOT (377,818) (35,216) Total 1,190,030 430,962 1,620,992 Page | 42 YORK CENTRE FOR VOLUNTARY SERVICE {A Cornpany Llmltod by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 25. Recon¢lllatlon of not movgmenl In funds to net ca8h flow from oporatlng actlvltl 2024 2023 Nel income for the pwlod las per Statement of Flnancial Acllvltles} (39,6931 145,8131 AdJu•tmants for: Depreciation charg88 Lo888sllgaln8} on investments Dlvldends, interests and rents from inv8$lments Decreaselllncreasel In debtors IncreasellDecrease) In credllors 15,488 153,0721 (4,4201 137.777 151,8841 11.483 3,713 16191 2,890 1314,3921 N•t caih provld•d byllu8•d In) op•ratlng actlvltlel 4,196 1342,7381 26. Analys1• ol caih and ca8h•qulval•nts 2024 2023 C8$h in hand 843.902 841, 163 Total cash and ¢•8h •qulvalent• 843,952 841,163 27. Analysls of ¢hangM In netdebt At 1 Aprll 2023 Cash flows At 31 March 2024 Cash at bank and In hand 841,183 2,789 843,952 841,163 843.952 28. Contlngent Ilabllltles There Is a polenllal liabllity lo meel deflclts on the defined benefit scheme (Growth Plan series 1. 2 and 3) Sf al any lime York CVS ceases lo have active members of the Pensions Trust Growth Plan Serles 4 scheme. The polen1181 liability as at 30 September 2020 was advised as being £52,650 (September 2020.. £213,024) kncludlng the series 3 scheme. York CVS currently has 36 acllve m&mber8 and Trustees have no plans to withdraw from the scheme. Thls means that the risk of realising the Ilabllily Is minlmal. Page143 YORK CENTRE FOR VOLuKfARY SERVICE (A Company Llmlted by Guaranteo) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 29. Contlngent liabllltlos - Multl omployer p•nslon scheme York CVS participalos In the Pensions Trust Growih Plan, which is a mulli-employer pen8lon plan wlth both d8fin8d benefit (Grosrth Plan series 1. 2 and 31 and defined contribullon elements (Growth Plan $8ries 4). Since 1 Oclober 2012 ¢onlribulions have only been made lo Growth Plan series 4, a defined conlribution scheme. As al the balanGe sheet dale there were 42 active members of the Plan employed by York CVS. York CVS Is unable to idenlrfy Ils share of the underlying assets 8nd liabllrtles of the scheme as each employer 15 exposed to actuarial risks associated with the current and fom)er employees of other enlilies partlclpating in the scheme. The last formal valuation of the Plan was at September 2020. At Ihis slag8 the market value of the Plan's ass&ls were £800.3 million, liabilities were £831.9 mllllon and the deficit was £31.6 mlllion. On advl¢e from the scheme actuary, the scheme employers have agreed an allocallon of the scheme shortfall, subject lo trlennlal review. York CVS has agreed to contribute payments Into the scheme until March 2025. The Ilabllily is dSscounl8d lo lis net present value of £3,481 using a discount factor of 5.310 12022.. 5.52¥ol and has been recognised within credllors. The cost of unwlndlng the dlscount is a finance cost In the SOFA. The movement on the fund 18.. Al 1 April 2023 Increase Sn provlglon Re-measurement Released in the year At 31 March 2024 7,452 14,2581 3,481 The repayThent rate from 1 Aprll 2020 is £12,075 per annum, In¢reaslng by 3% 8a¢h year. The employeT'S Contrlbulion lo the Pensions Tw$1 Growth plan was £4,258 for year ended 31 MarGh 202412023.. £4,258> al a contribution rale of 1 80/0 of penslonable Salaries to match the employees,. The empby8r's contribution rate for the year ended 31 March 2025 has been set al 1 % - 8%. 30. Operatlng leaso ¢cmmltm•nts Al 31 March 2024 the Charity had Commltments lo make future minlmum lease payTnents under non- cancellable op8raling leases as follows.. 2024 2023 Not later than 1 year Later than 1 year and not later than S years 1.007 2.268 1,007 3,276 3.275 4,283 Page144 YORK CENTRE FOR VOLUNTARY SERVICE (A Company Llmlt•d by Guarante8) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 31. Rélat•d party transactlons The Charlty entered into an agreement with KLS Training and Management, an organisallon which is run and managed by our Trustee, K. Speed. The agreement was lo provlde a traSnlng course and was for a total fee of £2,475 which was paid In March 2024. The agreement was authorlsed by the B08rd of Trustees prlor to the service being provideé. There were no other related party Iran5aclions durlng Ihe year. nor ar8 there any oulstsnding balances owing between related parties and the Charty al 31gl March 2024. Page | 45