Charfty number. 253740 ST NEOTS AND DISTRICT VOLUNTARY WELFARE ASSOCIATION UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 JUNE 2024
ST NEOTS AND DISTRICT VOLUNTARY WELFARE ASSOCIATION CONTENTS Page R•f•r•nc• and Admini•tratlv• D•tsll• of the Charlty, Its Tru•tse• and Advbsors Trust•M' Report Ind•p•nd•nt Examln•rf• R•port Ststsm•nt of Fln•ncl•l ActlvltloB Balan¢• Sheet Nolu to th• FlnanclAI Ststsm•nts 9-19
ST NEOTS AND DISTRICT VOLUMTARY WELFARE ASSOCIATION REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE PERIOD ENDED 30 JUNE 2024 Trust••s DESmith D C Charfton A J Hornsby (resigned 17 July 2024) J N Mccarthy P C Barton Charity r•gl•t•r•d numbor 253740 Prlnclpal offl¢• The Community Centre Church Walk st Neots Cambs PE19 1JH Account•nt• Slreeli Chartered A¢counl8nt5 Potton House W*aoBton Lakes Great North Road Wlooston Bed8 MK44 3BZ 8Ank•v• HSBC 5 High Street st Neols Cambs PE19 10E Page 1
ST NEOTS AMD DISTRICT VOLUNTARY WELFARE ASSOCIATION TRUSTEES. REPORT FOR THE PERIOD ENDED 30 JUNE 2024 The Trustees present their annual report together wth the financial statements of the Charity for the period from 1 M8ich 2023 10 30 June 2024. Obl•ctiv•8 and activiti•8 . Pollclv and oblgcIJvo¥ For fvll detalls please see the Truyt Deed of which the lollowing is an extract.. "To promote, for the benefit of the Inhabllan15 of the urban and rural d15trict5 01 St Neols In the county of Hunlingdon and Pelerborough, thout dl$tSnclion of sex or race or of political, religious or other opinions by associating the local authorities voluntary organi8allons and inhabitants in a common effort to prornote social welfare svilh the object of irnproving the conditions of lile throughout the sald dbstricls" In setting objeth.ves and plannlng for acb'vities, the Trustees have given due consideralii)n lo general guldance published by the Charity Commission relating lo public benefit, including Ihe guidance 'Public benefit.. running charity IPB21'. A¢tlvltl•• und•rtaken to i¢hlovo obl•ctlvo• Maln activities comprfse.. Day Centre on behalf of Social ServiGe$13 days per weekl Luncheon Club for the elderfy11 day per weekl Provision of a low-cosl venue for not.for-proflt OTganisalion# c. Maln •ctlvltles undertakfrn to further the Charfty'• PU0*•• for th• publlc bon•flt The charlly has a Service Level Agreement th Cambridgeshire County Council which enables Ihern to provide the Day Centre to those who have limlled f nancl31 tesources and would not be able to access Iheye facililles wrthout the support of Soclal Services, The Day Centre and Luncheon Club are also open for the benefit of other sidents in the local area who make contributions to the charity lo cover the c051 of the seNices provided. As noted below, the charity benefrts from the tlme and skills given by members of The Rotary Club of St Neots and their friend5. Thi5 voluntary time enables the charity lo mainlaln the premises and provlde a greater range Cf lacilrties than would be possible if the service was run on a wMmei31 basi5. The premises are also avallable for uge by community groups and not-for-proflt organlyatlons when they are not required for the ch8rity'8 own activits"es. Achlevements and perfomianc• a. Maln a¢hlfjvem•nt• of th• Charlty The Day Centre 15 promded three dayy per week on behalf of Cambridgeshire Social SeNices alld a Separate Luncheon Glub is ftsr private dienls. It is the only Day Centre facility in the local area. Sooal Services book places for Ihp elderly and people with demenb'a and clignt's receive a fresh Cooked meal. support and entertainment. The Centre Manager works to oversee the day to day management of client facilities and promote the centre to other potential beneficiaries. During 2023124, the centre has again reported a significant increase in inrne frorn private clients, over and above the inflationary Price increases. demonstratsng the need for th6 semcès provided. Page 2
ST NEOTS AND DISTRICT VOLUNTARY WELFARE ASSOCIATION TRUSTEES. REPORT (CONTINUED) FOR THE PERIOD ENDED 30 JUNE 2024 Achievements and perfornianc• {continuedl Al the sarne time. costs have alson rlsen 5ignrficandy, vAth the charity again adopting the significant inflationary increase in the national living wage in addition to the rising cost of food and other items. The charlty ha8 received an exceptlon81 number of one-off donallons In this accounting perfod, recognising total donations of £17,084 12023 £7751. The trustees are grateful lo P Biggin, l Laming and St Neots Golf Club amongst others %tho have organis8d fundraising events lo support the wotr1( of the charity. The Rotsry Club of Sl Neots continues to provide Support in maintaining and improving the tharill¥ preml¥es and certain individuals have also given time to various leadership roles vthhin the board of trustees and management committee. Flnanclal rovlfrw •. GoSng con¢•m The aVIe9 ol thls. unlncorporaled charity ceased on 30 June 2024. All asyelg and actItIeS were transferred to a new chadtsble incorporated Organisalion operating under the same name bul a new charfly number. As such the accounts have boon prepar•d on a C•98aOn basls. b. R•8•rv•8 poIIcy The trustees have aayS intended lo malnl8in a general reseThe In cash equivalent to at least e months operating expenditure. a mlnimum of £45,000, wlh any reserveg in excesg of 12 month$ being held for a specific objeclivelpurpose. In 2022123 the charity Spent £178,036 on the completson of new toilet 18cilitley, uslng combination of reslricled, designated and general funds. The opening general fund balance was £87,573. In line th the reserves policy and this had increased lo £93,B29 al the reporting date. The general reseNe balance is, Ih¢relore. in line wrth the re$erve$ policy and will be transferred to the new charitable incoryjoraled organisation for the continuation of Serviceg lo cll&nts. c. Flnnclal rllk mangemont obl8ctlv•s and pollcl•• The annu818c¢oiJnl8 report an Increase In Income from £89,719 In the year ended Febnjary 2023 10 £165,479 in the period March 2023 to June 2024. The addkional income reflects the extended period ol account8 and on increase in prices but al80 another rlse In the number of private clients. The cost of staff, food and consumables also increased in line wth these changes, from £86,298 in 2023 10 £132,580. The ¢harily re¢¥ived ljvo gTant$ from Sl Neols Town Council used to fund the completion of the toilet facilities and refurbishment of the kitchen and a one-off donation of £6,032. There were some exceptional costs in 2023, such as the rent of alternats've premise$ vthile the toilet block was refurbished. but changes in the national living wage and the impact of inflation on food prices and electn.cily prices have also been significant, and closely monitored. The charity's overall operatsng surplu5 for the period was £32,89912023 annual surplus £3.4211. As noted above. the accounts do not flect the ongoing voluntary time given by members of The Rotary Club of st Neots Iptho manage the charity arbd its facilities and also provide materials lo maintain the premises. The charity has continued to invest surplus cash bvilh HS8C, but stopped uslng the wholesale Money Marf(et account as the deposit account provided a higher retum. Other bank inleTe5t rale5 have been checked to ensure the Ch8rity has obtsined a competitive r8te. Page 3
ST NEOTS AND DISTRICT VOLUNTARY WELFARE ASSOCIATION TRUSTEES, REPORT ICONTINUEDI FOR THE PERIOD ENDED 30 JUNE 2024 Structure, governance and management Con•tltutlon St Neols and Distrlct Voluntary Welfare Assodation 18 8 reglstered charlty, number 253740. and is constituted under a Trust d8ed. b. M•thod• ol •ppolntment or election of Trust••• The management of the Charity Is the responslbS11ty of the Truste88 are elected and co-opted under the lems of the Trust deed. c. Flnanclal rl8k man•g•m•nt The Truslees have assessed the major risks to thi¢h the Charity is exposed, in partlcular those related lo the operations and finance5 of the Charity, and satlsfied themselves that the 8ytstems and procedures in place were sufficient lo miligale the charlty's exposure lo the major risks. During the period, the Iru81ee8 completed the formatlon of a new Charitable Incorporated Organisatson ICIOI operating under the same name but wth a new charity reg18tration number 1203986, to conts'nue the charitable activiknes whilst managing th8 personal nsks for trLsslees. stat•m•nt of Tru•t•••' rn•pon•lblllth• Tha Trustees are responslble for prep8rfng th• Twslees, Report and the financlal ytatementB in accordgnce with applicable law and United Kingdom Accounllng Standards Iunlted Klngdom Generally Accepted Accounfjng Practice). The law applicable to charftles In England & Wales requires the Trustees to prepare financial statements lor each financial ¥thlch glve a true and fair view of the slate of affairs of the Charity and of 11$ Incoming re80urce8 and application of resources. including its incorne and expenditure. for that period. In prèparing these financial slalernenls, the Tnjstees are required lo.. select suitable accounting policies and then apply them eon$Sstenlly', ob8eNe thé methods and principles of the Charilles SORP IFRS 1021.. make judgment8 and accounting eslimales that are reasonable and prudent., state whether applicable UK Accounllng Slandar¢J3 IFRS 1021 have been followed, subject to any material departures disclosed and explained in the financial slatemenls., prepare the fin3ncial statements on the going concem basis unless it 1$ inappropriate to presume that the Charity wll Continue in bu5ine55. Page 4
ST NEOTS AND DISTRICT VOLUNTARY WELFARE AS30CIATION TRUSTEES. REPORT (CONTINUED) FOR THE PERIOD ENDED 30 JUNE 2024 Slatsm•nt of Trust•M' r•sponsibiliti•s ICONTINUEDI The Trustees are responsible for keeping adequate accounting records that are Eufficient to show and explain the Charity's transactions and disclose with reasonable accuracy al any lime the financial position of the Charty and enable them lo ensure that the financial statements comply with the charib.es Act 2011, the Charity (Accounts and Reports} Regulations 2008 and the provisions of the Trust deed. They are al30 responsible for saleguarding the assets of the Chartty and hence for taking reasonable steps for the prevenuon and detection of fraud and other irregularilie8. Approv•d by order of the members of the board of Tru$tae8 and signed on their behalf by.. Trustee Date.. Trufjt•• Page 5
ST NEOTS AND DISTRICT VOLUNTARY WELFARE ASSOCIATION INDEPENDENT EXAMINER'S REPORT FOR THE PERIOD ENDED 30 JUNE 2024 Ind•p•nd•nt Examlner's Report to th• Trustoos of St Neots and Dlstrfct Voluntary Wfrlfare A•8ociation I'thè Charity'l I report lo the charity Trustees on my examination of the accounts of the Charity for Ihe period ended 30 June 2024. Responsibilities •nd B••l$ of R•port As the Trustees of the Charity you are responsible for the preparation ol the accounts in accor¢Sance wth the requlremenls of the Charities Ael 2011 I'lhe 2011 Act'l. I report In respect of my examination of the Charills accounts carrled out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Direcliun3 given by the Charity Commission under geclion 145lSllb) of the 2011 Act. Indepondont Examln•r'$ Statemont Your attention 1$ drawn lo the fact that the Charty has prepared the accounts in accordance rith Accounting 8nd Reporung by Charities.. Statement of Recommended Praetlce appllcable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 In preference lo the Accounting and Repo.ng by Charities. Statement of Recommènded Practice i65ued on 1 April 2005 which Ss referred lo in the extant regulations but has been withdrawn. l undergt8nd that Ihlg ha& been done in order for the accounts to provide o true and fair view in accordance th the Generally Accepted Accounting Pradce effective for reporting perlods beglnning on or after 1 January 2015. I have completed my examination. I confirm that no matter3 have come to my attention in conn¢¢lion wlh the exarnination giwng me cause ID belleve that In any material respect.. accounting record$ were not kept in respect of the Charity a8 required ty sectlon 130 of the 2011 Act,. or the accounts do not accord those records,. or the accounts do not comply wth the appllcable requirements concerning the fomi and content of accounts Sel out In the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'lfue and l8Sf' view whlch 1$ not a matter considered as part of an Independent exambnalion. I have no concems and have come across no other motter8 In connection wlh the examlnallon lo which attenticn Should be drawn in th1$ report in order to enable a proper understanding of the accounts lo be athe0. This report is made solely lo the Charity's Trustees. as a body, in accordance with Part 4 of the Charilieg (Accounts and Reports} Regulations 2008. My work has been undertaken so that I might slate lo the Charity's Trustees thoye mallers l am required to $tsle lo them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law. I do not accept or agsume responsibility lo anyone other than the Charity and the Charity's Trustees as a body, for my work or for thi8 report. Signed.. Dated.. q Ap<LI 2DLs Unda J Lord BSC, BFP, FCA, TEP Strgets Chartered Accountant5 Potton House, Wyboston Lakes, Great North Road, Wyboston, Bedford. MK44 3BZ Pa9e 6
ST NEOTS AND DISTRICT VOLUNTARY WELFARE ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 30 JUNE 2024 Unrestricted fund• 2024 Restricted funds 2024 Total funds 2024 Total funds 2023 Nots Income frorn: Donations and legacie¥ Charitable acUvhSes Investments 26,321 59,547 1,106 2S,321 139.052 1,108 775 88,499 445 79,505 Totsl Income 85,974 79,505 165.479 89, 719 Exp?ndltuve on: Charitable actlvlues 53.033 79,547 132,580 86,298 Tol•l •xp•ndltur• 53,033 79.547 132.580 86,298 Not Incom•lloxp•ndltuf•l Transfers between funds 32.941 (421 (421 42 32.899 3,421 14 N•t mov•ffl•nt In fund• 32,899 32,899 3.421 R•conclll•tlon of funds: Total funds broughl forward Nel movement in fvnds 354,867 32,899 354,867 32,899 351,446 3,421 Tot*1 fund• c•rrl•d f0Thrd 387.766 307.766 354,867 The Statement of Financial Activities includes all gains and1055es recognised in the year. The notes on pagey 9 to 19 form part of theye flnanclal slaternenls. Page 7
ST NEOTS AND DISTRICT VOLUIITARY WELFARE ASSOCIATION BALANCE SHEET AS AT 30 JUNE 2024 30 Juno 2024 28 Febwary 2023 Nots FSxed a•••ts Tangible assets Curr•nt as••l• 11 293,937 287,294 Debtors Cash al bank and in han¢J 12 4.050 103,319 81,668 107,369 81,668 Credilor8'. amounts falling duè thIn one 113,540) (14,095) N•t curr•nt a•80t¥ 93.829 67,5T3 Tot•1 n•t •#•ets 387,786 354,867 Ch•rlty lund• ReslriGled lunds Unresthcted fundg 14 14 387,766 354,887 Total funds 387.766 354,867 The financial statements Te approved and authorfsed for I88ue by the Truste88 and slgned on their behalf by.. Trustee Dale.. Trustee The notes on pages 9 to 19 forni part of these finanaal statements. Pag• 8
ST NEOTS AND DISTRICT VOLUNTARY WVELFARE ASSOCIATION NOTES TO THE FINANCiAL STATEMENTS FOR THE PERIOD ENDED 30 JUNE 2024 Gongral Informatlon Sl Neots and District Voluntary Wellare Association is a registered charity vthich operates from St Neols Voluntary Weware. Church Walk, St Neots, Cambridgeshire, PE19 1JH. Accountlng pollcle 2.1 Basls of pr•paratlon of flnanclal 8tstsmoThts The flnancial 8talemenls have been prepared in accordance with the Charities SORP IFRS 1021 Accounting and Reportlng by Charities.. Slalement of Recommended Practice applicable lo charities Preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} and the charle¥ Act 2011. Thè accounts have been prepared in slerfing. This IB the fijnctional currency of the entity. Sl Neols and Distrlcl Voluntary Wellare Association meets the definition of a public benefll entity under FRS 102. Assets and liabilllie8 are inilally recognlged al hi3torical cost or transaction value unless otherwise slated In the relevant accounUng pollcy. 2.2 GoSng GonGom AB noted in the trustees, report, the acllvlfjes of IhS5. unlnGorporate¢J charlly coa8ed on 30 June 2024 and all assets and activities were transferred Sl Neots & District Voluntary Welfare Association reglslered charity number 1203986}. The account$ have consequently been prepared on a ce55atson baslg. 2.3 In¢om• All income is recogniged once the CharSty hag entltlemenl to the income, il is probable that the income will be received and thè amount of Income receivable c8n be m88sured reliably. Grants are included in the Ststement of Finandal Acfjvib'es on a receivable basis. The balance of income received for ¥pe¢ilic purposes bul not expended during the period ig shown in the relevant funds on the Balance Sheet. Where income is received in advance of ents'tlement of receipt, its recognition 1$ deferred and Included In creditors as deferred Income. Where enlillemenl occur8 before income 18 received. the income is accrued. 2A Expendlture Expenditure 18 recognised once there is a legal or constructive obligation lo transfer economic benefit to a third party, it Is probable that a transfer of economic benefrts will be Tequired in setuemenl and the amount ol the obligation can be measured reliably. All expenditure is accounted for on an accruals basls. Expenses, indudlng support C08ts and govemance costs, aTe allocated to applicable expenditure headings. Expenditure on charltable 8Ctlvlles 1$ Incurred on dlrectly undertaklng the actIvie9 Tch further the Charity'8 objectives, as well as any assodated support costs. Page 9
ST NEOTS AND DISTRICT VOLUNTARY YIELFARE A530CIATIOP4 NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 JUNE 2024 Accountlng pollcles {contlnuodl 2.5 Interost recelvabl• Interest on funds held on deposk IS Included when recelvable and the amount can be measured reliably by the Charity, this Is normally upon notification of the interest paid or payats4e by the institution vlth whom th• funds are deposited. 2.6 Tanglble fixgd a¥set• and d•prncl•tlon Tangible fixed assets are Initially r•cognlsed at cost, After recognition, under the cost model, langlble fixed assets are measured al cost less 3c¢umulaled depre¢Sation and any accumulated Impalrmenl losses. All costs incurred lo brlng a tangible fixed asset into its intended working eondilion should be Induded In the measurement of cost. Depreeialion is charged so as lo allocate the co81 of tangible fixed assets le8s Iheir residual value over thelr estlmèled ugetknl live8. Deprecialion is provlded on the follong basel.. Freehol¢J property Plant and ma¢hlnery Fixtures and fittlngs Computer equipment No depreclallon 200h per annum fftduclng balance 20% per annum reducln9 balance 33% per annum straight line 2.7 Debtor• Trade and other debtors are rttognlsed at the Bettlemenl amount after any trade discount offered. Prepayrnenls are valued al the amount prepaid nel of any trade diseounls due. 2.8 Cash at bank Ind In h•nd Cash at bank and in hand includes cash and short-term hi9hly Ilquld inve8tmenl$ wth a Ghort malurlty of three months or lesy from the date of acquis0 or opening of the deposit or similar account. 2.9 Llabllltl•8 and provlslong Liabilitie¥ are iecognised when the 18 an obligation at the Balance Sheet date as a result of a past event, il is probable that a transfer of economic benefrt will be required in settlement, and the amount of the seluemenl be estsmated reliably. Liabilities are recognised al the amount Ihat the Charity anticipates il will pay to setUe the debt or the arnounl il has received as advanced payments for the goods or services rt mu$t provide. 2.10 Penslons The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity lo the fund in respect ol the year. Page 10
ST NEOTS AND DISTRICT VOLUNTARY WELFARE ASSOCIATIOM NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 JUNE 2024 Accountlng pollcios Icontlnu•dl 2.11 Fund accountlng G8neial funds are unrestricted funds whlch are available for use at the discretion of the Trusteeg in furtherance of the general objoclives of the Chartty and which have not been designatsd for other purpo$e$. Restricted funds are fvnds which are to be used in accordance wlh specific re8liiction8 imp08ed by donors or lch have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim an¢J u¥9 of each re$lricted fund is 8el out in the notes to Ihe flnancial statements. Investment income, gains and10sses are allocated lo the appropriate fund. Incom8 from donatlon¥ 4nd18gacl Unr•8trlct•d funds 2024 Total funds 2024 Tolol lunds 2023 Donatlon• St Neots Golf Club P Biggin l Laming Other Gr•nt• 3,500 8,032 4,000 3,552 3,SOO 6,032 4,000 3,552 775 Grants- Sl Neots Town Coundl ,237 8.237 2S,321 25.321 775 Tot812Q23 775 775 Page11
ST NEOTS ANO DISTRICT VOLUNTARY WELFARE ASSOCIATIOM NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 JUNE 2024 Incom• from charitablg a¢tlvllles unrestrict Rostrlcted funds funds 2024 2024 Totsl funds 2024 Total lunds 2023 Communty Centre Day Centre Rent and other income 79.505 79,505 55.857 3.690 6t, 722 25,072 1, 705 55,857 3,690 59,$47 79,505 139.0S2 88,499 Tol812023 26, 77T 61,T22 88,499 Inv••tm•nt Incom• Unrnstrtctgd fund• 2024 Totsl fund• 2024 Total funds 2023 Interest received 1,106 1.106 445 Analys18 of •xp•ndlturn on charltablo actlvlllos Summary by fund typ• Unrestrlcted Restrtcted funds funds 2024 2024 Total 2024 Tot81 2023 Community Centre 53,033 79,547 132.580 86,298 Total 2023 8,fj28 77,670 86,298 Pa9e 12
ST NEOTS ANO DISTRICT VOLUNTARY WELFARE ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDeD 30 JUNE 2D24 Analys1$ of •xponditure by activitles Actlvltles undertak•n directly 2024 Total fund5 2024 Total runds 2023 Community Centre 132,580 132.680 86,298 Analy•lB of dlr•¢t co•t• Totsl fvnd• 2024 Tot81 lunds 2023 Staff costy Depreclalion Food 8nd consumables Insurance Repair8 and renewals Rent. rale$ and water rate8 Heat and light Health and safety costs Cleanlng c06ts Telephone Professional fees Sundry expenses Training costs Profit or10$5 Qn disposal 95,949 2.124 11,620 3.194 4.138 820 7.743 40 1,196 1,130 3.051 478 58,598 1, 147 8,036 2,962 992 5,383 4,376 962 741 2.586 422 93 615 132.580 86,298 Indgpgnilgnt examln•rf8 romun•ratlon The independent examinerfs remuneration amounts to an independent exomln8r fee of £2,375 (2023 £2.250), and payroll services of £56012023- £4321. Page 13
ST NEOTS AND DISTRICT VOLUNTARY WELFARE ASSOCIATION NOTES TO THE FINANCIAL STATEUENTS FOR THE PERIOD ENDED 30 JU14E 2024 Staff costs 2024 2023 Wage$ and salaries Contribution to deffined conlrtbullon penslon scheme8 94.760 1,189 57,963 635 95,949 58,598 The average number of persons employed by the Charlty dudng the year wa$ as follow8.. 2024 No. 2023 No. Centre staff 10 Tha average headcount expra88ed 88 full-tlme •qulvolenlg Wa8.. 2024 No. 2023 No. Centre staff No emplOt rectlved remuneratbon amountlng to more than £60.000 in either year. The charitys key management personnel are the trust•8¥ and mèmber# of 1*8 managemènt Committee who give their lime lo the charty on a voluntary b8818. 10. Trusts•s' v•munoratlon and oxpgn$•• During the year, no Trustees received any remuneration or other benefits {2023- £NIL). Durtng the year ended 30 June 2024, no Trustee expenses have been incurred f2023- £NILJ. Page 14
ST NEOTS AND DISTRICT VOLUNTARY WELFARE ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 JUNE 2024 Tangiblo fixgd a$s•ts Frwhold property Plant and Flxiur•s and machinery fittings Total Cost or vJlu•llon Al 1 March 2023 Addibon5 Disposals 282,603 16,608 6,210 {2,5781 11.307 3,172 309.598 9,382 12,5761 At 30 June 2024 282,603 19.242 14,559 316.404 Dopr•¢latlon Al 1 March 2023 Charge lor the year On dl$pos818 11,709 1,860 10,595 264 22,304 2,124 AI 30 June 2024 11,608 10,859 22,467 Net book v•lu• At 30 June 2024 282.603 7.634 3.700 293,937 Al 28 February 2023 282,603 3,899 792 287,294 12. Oebtorn 30 June 28 Febnjary 2024 2023 Due wlthln on• yo•r Trade debtors 4,050 Page15
ST NEOTS AND DISTRICT VOLUNTARY WELFARE ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 JUNE 2024 13. Crgdltors: Amounts tslllng due wlthln ono yr 30 Jun? 28 February 2024 2023 other taxation and social security Other creditors Accrual3 and deferred income 304 350 12,886 41 113 13,941 13.S40 14,095 Deferred income Include3 the grant received for servlces provided In the new accounting period amounting lo £9,75012023 £6,251). The grant wlll be transferred lo the new CIO who wlll cOnn¢ dellvery of services to clients. 14. Statomgnt of fund¥ Statom•nt of fund•- currgnt yaar B•lanc• •1 30 Jun• 2024 Balanco at 1 March 2023 TMn•f•rn Inlout Incom• Exp•ndlture Unr•#trlctsd fvndi General Fund Fixed A88el Reserve 67,673 287,294 85,974 {SD,2941 (2.7391 19,424) 9.382 93,82 293,937 354,867 8S,974 163,0331 142) 387,766 Restrlctsd funds CCC Contract 79,505 179,5471 42 Total of funds 364.887 165,479 1132,5801 387,716 Poge 16
ST NEOTS AND DISTRICT VOLUNTARY WELFARE ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 JUNE 2024 14. Stat•m•nt of funds l¢ontlnu¢dl Ststsmont of fund8- prlor yoar 8818nc8 at l Mah 2022 8alance at Transfers 28 February In/oul 2023 Incom8 Expendilu Unr•8trfct•d funds Deslgnatsd fvnd Toilet Block 120, 127 (120, 127) G?n•ral fund• General Fund Fixed Asset Reserv• 92.814 108,632 27,997 f7.481) (1. 147) (45, 757) 779,809 67,573 287,294 201,446 27,997 (8,628) 134,052 354,867 Total Unreltrlctsd fundi 321,573 27,997 (8,628J 13.925 354,867 R••trlctfrd funds ReY Re8erve CCC Contract 29,873 (29,873) 15,948 61, 722 (77.670) 29,873 61,722 (77,670) (13,925) Total ol fund• 351,446 89,719 (86.298J 354,867 The general lund repregents the charitls free reserves at the reporting date, which were available for any charitable purpose and have been transferred to Ihe new CIO. The fixed ajsel reserve represents the value of property and equipment al the reporting date. Additions are induded by way of a transfer between fund5 and depreciation is charged to the fund. The property ha8 been transferred lo the new CIO. Restri The Cambridgeshire County Counal ICCCI D8y Centre contract requires the charity to account for the income as restricted fvnds. An estimated 60% 12023 90%) of all eosls relate lo the delivery of servlces funded by Cambridgeshire County Counryl. The costs incurred exceeded the income received and the balance has been met by way of a transfer from gerieral donalivns and cther income. Page 17
ST NEOTS AND DISTRICT VOLUNTARY WELFARE ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 JUNE 2024 15. Summary of funds Summ•ry of funds . current year Balanc• at 30 June 2024 B•lan¢• •t 1 March 2023 Transfers Inlout Income Exp•ndltuM General fvnds Re¥tricted fund$ 364,867 86,974 79,505 {53.0331 179,fA71 387.768 42 354.867 165.479 {132,680) 387,766 Summary of funds - prlor y••r 8alance al l mSh 2022 Balanco at Transfers 28 February in/out 2023 InGome Expendiyu Designated funds General funds Reslricled lund8 120, 127 201,446 29,873 (120, 127) 134, Q52 {13,925J 27,997 61, 722 (8,628) (77,670J 354,867 351,446 89,719 (86,298) 354,867 16. An•ly¥l• of not a•••ts b•tw•on fund• Analys1$ of nal •¥¥•ts bgtw••n fund$ - ¢urr•nt perlod Unrejtrlctod funds 30 Jun• 2024 Tol•l funds 30 Juno 2024 Tangible fixed assets Current assets Creditor5 due wthin one year 293.937 107,369 13,5401 293.937 107,369 113,5401 Tol•l 387,766 387,768 Page 18
ST NEOTS AND DISTRICT VOLUNTARY WELFARE ASSOCIATION MOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 JUNE 2024 11. Anatysis of net a$uts b•trn funds Icontlnued Analy$ls of net as$ets be1n funds - prlor perlod Unreslncted Total funds funds 28 February 28 February 2023 2023 Tanglble fixed assets Cuvent assets Creditors due one year 287,294 81,668 (14,095) 287,294 87, 668 (14,095) Totsl 354,867 354,867 17. Relatsd party tr•n4•ctlon$ The Charlty has not entered into any related paty 1r4nsath.on during the year. nor are theT• any oulslanding balances owing betsveen related parUe5 and the Charfty at 30 June 2024. Page19