FiR4'TI COMMUNITY FIRST (Company limited by guarantee no. 01757334 reglstered charlly no. 288117) REPORT AND FINANCIAL STATEMENTS YEAR ENDED FOR THE YEAR ENDED 31 MARCH 2024
COMMUNrrY FIRST (Company Ilmited by guarant•• no. D1757334. reglst•r•d charlty no. 288117 REPORT AND FINANCIAL STATEMENTS For the year gndgd 31 March 2024 CONTENTS Page L•gal and administrative inforniatlon Tru8ts05'$ rnport Audttors. rnport 14 Statement of flnanclal actlvltles 18 Balanc• sh•ot 19 Ststamont of cash flows 21 Not•s to th• Ilmnclal statements 22 Financial support and other Gontribulions 39
COMMUNrrY FIRST REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS For th• yoar •nd•d 31 March 2024 TN8t•o¥ James M¢)ody IChaimian} Stove BoDcock Leah Campbell (resigned Octobèr 20231 Piers Dibben ' Edward Heard Virglnla Keen Sanleen Paym{UMar Merope Sylvester Victoria W818h ' {Resigned Marth 2024) 1. Mewnber of the Finance Commlttee 2. Member of the Human Resources Commmee S•cr•tary Karen Williams K•y Managgmgnl Pwsonn91 Lynn Gibson (Chief Executive} Steve Crawley lon sabbali&21 from May 2023 to August 2023) Ed Plank David Potts Harry Tipple Patron Her Majesty The Queen Presldent rs Sarah Troughton HM Lord-Li8Utenant For Wiltshire Ice Presidents The Earl of Radnor Ken Whatley James Layton William Wyldbor&Smith DL Jane James
COMMUNITY FIRST REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARrrY, rrs TRUSTEES AND ADVISERS For the year •nd•d 31 March 2024 Company reg. no. 01757334 Charlty reg. no. 288117 Financial Conduct Authority no FRN311971 R•gi$¢or•d office Unit C2 Beawn Busn9ss Cgntre. Hoplon Park Devizes Wiltshire SN10 2EY Reglstered Auditor Oavid Owen & Co 17 Market Place Oevizes WIMshlr8 SN10 1HT Bank•rs CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME194JQ HSBC 45 The Market Place Devizes SN10 1HZ Lloyds TS8 Bank pk 38 Market Place Devrzes Witshire SN10 1JD Sollcltorn Awdry. Boiley and Dougla8 33 St.John's St Devizes Wiltshire SN10 1BW
COMMUNrrY FIRST TRUSTEES. REPORT For the yoar ended 31 March 2024 The members of the Board of Tru51ees. who are also directors of the charfty lor tho purposes of the Companies Act 2006 present Ih&ir reportwhlch Sncludes the administrative infomiation set out on pages 1 & 2 and the 8udited financial slalgmgnts for year ended 31 March 2024 which have been prepared in accordance with the Statement of Recommended Practice applicable lo ch8ri1ies preparing thelr a¢coun15 in accordance wth the Financlal Reporting Standard applicabl8 in th& UK and RepLFbllc of Ireland IFRS1021 effective 1 January 2019. Structure. Governance and Management Communlty Flrsl was founded in 1965 as the Community Council for Wiltshire, Incorporattrd as a company limited by guarantee (registered in England and Walesl in Swtember 1983 and registered as a charity in November 1983. sin 2008 HRH the fomier Duchess of Cornwall and now Her Majesty The Queen has been Patron of Community First. We currently employ 31 full lime. 18 part lime and 10 sessional roles. {June 20241 Membership of the Charlty is comprisod of supporting groups and individua15 drawn from local communities, statutory bodies and parish and town councils in Wiltshire arKI Swindon. Community First Is 8 part of the Rural Community Action Nettvork, which operates through Rural Communlty Counclls in èach of England's shire counties. supporting the work of the voluntsry sector in rural communilies and market tom. The netsv(k is known nalion8lly 8s ACRE {Action with Communities in Rural England). The governing documents of the Charity are its Memorandum and Articles of Association. Governance of Cornmunity First is through a Board of Trustees elected by tho mombership al the AGM. The Board has final legal authority and is rosponsible for oversgolng the operation of the entire charity and its activr¢ies. The President and Presidents are elected annually, and TTustees aro glectod for three-year terrn. Addiknonal Trustees may be co-opted by the Board for a 12-month period or until the next AGM. Trustees may be elected for hvo terms of three years- i.e. six consecutive years. A TNstee may be relecled for an addltional term of three years. All new Trustees tske part in a formal Induction programme and receive 8pproprf8te trAiniig. The Board meets formallyfive times a year. It regularly reviews its structure, the indivldual aml corporate rèsponsibilities of Board members and the skills and expertise that they bring to the Charity, through its strategic planning process. A revièw has been undertaken in 2024. The Board Committee$ invomng Trustees and senlor management staff have del8galed responsibilty for Finance and Human Resources. The Finance Committee ig chair8d by 8 TnJst8è Wth financial knowledge and experience and holds responsibility for finanaal oversight and protecting the assets of the Charity, including the principal assets. its property at Beacon Business Centre in Devizes and Ox8nw¢)od OLrtdogr Education Centre. The Committee reviews all financial reports in advance of Board meeting5 anfl monitors the overall financial position of the Charity. The HLtrman Resources IHRI Commitiee has responsibility for the development of HR policies and all Human Resources related Govemance Issuos. The Committee recognises that a strong well managed Human Resources function is central in supporting thè staff tèam. AII TNsteos play an important role in guiding the strategic development of the Charity. nw)nitoring the opèrating environment and risk management, identifying growth opportunibes, leading on policy development, deciding on future priorili8s antl ensuring that the Charity is sustainable. The Leadershlp Team comprfses of five Senlor leaders and four addibortal Managers. The specialist accountancy services is oulsourced to Monahans. Th8 Leadershlp 18am hokls responsibility for Implemènting Board FoliGy. &irryOng out decis18 of the Board, managing the assets of th8 Charity.
COMMUNITY FIRST TRUSTEES. REPORT For the y•ar •nded 31 March 2024 Strateg planning and deveknpment, advising Twstees on all matters pertaining lo the effective runnlng of Iha Charity. and for ovorall business managoment aThJ developmgnt. The staff team is organised into $ix teams (including C8ntral Supwjrtl reffl8th.ng th8 strateg¢c otiectNes of Ihe Charity. The Charity has fow subsidiary companies. ono of which, Communty First Trading Ltd. undertake$ inSUrae bulk fijel agency work, generating a PTofit of £28,144 which was grft•aided to the Charity. The other three subsidiaries. Wiltshire Enterprises Ltd logglher with Wiltshirg Con¥nunity Job$ ond Youth Actiori Wiltshire Icornpanies limited by guarantee) were dormant dumg the y8ar as activities were undertaken directty by the Charity. In addilion lo ils Truslges, none of whom receive remunera1)n, the Charity beneffts gr¢aUy from the active invotvemenl of many volunteers who contribLte their time and skills on sub-committees of the Board of Trustees. and as fundraiser8 and amb88S8dors of the Charlty. Pay policy for s•nlor staff The senior management leam ccnprises of the Trustees and key management peonnel ofthe charity who are in charge of directing and controlling, running and operating the charity on a daY-ldaY basis. As mentioned above, all tnjslees give their time freely and no trustee received remunerats'on during the year. Details of trustee expenses are disclosed in note 11 to th8 accounts_ Th8 pay of serior staff FS revwed regUlaY and adjusted based on the clrcumstances of the Charity. Rlski Trust. in conjunclion with the Leadership team, have identified and reviewed the major risks towhich the Charity might be exposed. It has design a number of management and flnancial slrategies whi¢h seek to mitigate the effects of such threats to Community First. The financial risks and asset and propgrty managomgnt. Risk$ are $?t out in the Business Plan and this plan is reviewed annualty with associated mitigation plans and ac1ions identified. These include= Some fundwig streams ar& unconfimied after March 2025, induding the Defra funding and Employability work stream funding. We continue lo work with potential fvnders lo secwe succession and maintain gwd relations with commissioners. OEC activity breaks even with trading income matches expendilure. We have o number of funding avenues lo ensure this is achieved induding the delivery of Alternative Curitulum work with Wittshire Council in 202412025 Staff remain our greatest asset and the loss of experi&nce and skilled staff is aNvays a risk. We have a robust HR. supervision and support processes. Proparty and vehicle mainl8nanc8 continues lo be an Identlfied rlsk wllh regular 8ervlce checks and in8peclions across our assets Increa$od comploxity and number of safeguarding cases has required us lo roview our structure and procedures across services embedding further support capacity and additiCal Deslgnated Saf8guardlng Offlc*rs R•sponslbllltlos of th• Momb•rs of tha Board of Trustoos Compsny law require8 the Tru8teos lo prepare finan¢lal statements for each financial year. Under that law the Trustees have elected lo prepare the financial statements in accordance wilh United Kingdom Generally Acceptod Accounting Practice (United lQngdom Accounting Standards and applicable law).
COMMUNrrY FIRST TRUSTEES. REPORT For the year ended 31 March 2024 u18r Company law the Trustees musl not approve the financial statements unless thay are 8atl8fied that th8y give a tru8 and fair view of the State of affairs of the charity and of the Surplus or deficit of the Charity for that pwiod. In preparing these financial $totgments, the Truslo&s are required to.. selecl suitable acGounting poliGigs and then opply them consislenlly make judgement$ and estimatas that ore reasonable and prudent jmpty with applicable accounting standards, subject lo any material departures disclosed and explained in the financial ststements and prepare the financial slaternents on the going concem basis unless it bs inappropriate to presume that the charity will continue In buslness. The Trustees arè r6sponsibl8 for keeping adequat& accounting records that ar8 Sufflent to show and explain the Charity's tran$aclions and disclose with reasonable accuracy at any lime the financial position of the Charity and enable them lo ensure that the financSal stslements comply with the C(xnpanles Act 2006. They are also responslble for saf9guardlng the assets of the Chartty and hence for taking reasonable steps for the prevention and detection of fraud an(fj other irregu18rffties. Statemonts as to dl$closurè of Infomiatlon to audltors So far as the Trustees are aware al the lime Ihe report is approved.. there is no relevant autlit infomialion of which the Gharivs aLtditors are unawa, and the Trustses h8ve taken all steps they ought to have taken lo make themselves aware of any rekvant audit information and to establish that the auditors are aware of that information. Obj•ctiv•s and Acti¥itle$ Communty First's Vision is Vibrani Communities, Brighter Futures with a mission to Connect Cc¥nmunitse$. Encourage Enterprise. Tack Disadvantage and Inspire Innovate and D8liv8r ExcellerKe. Publlc benefft Thg Charity's activities described above demonstrate the dellvery of public ben8fi1. Th8 Trusl88S confirm that they have referred lo the Charity Commission's general guidance when reviewng the Charfty's objecllves and actNities. G•norallon of funds - Fundralslng and Publicity Fundraising remains a crucial aspeclfor our suslainabilitywith a tsrgetforthe finan¢ial year lo 31 Mah 2025, of £325.700. Whllo wfr have a $ignrficanl amount of unsecured income built into the restricted se1 budgets, the laTg81s ar6 pragmatlc and reallsllc and operating costs con be cul suffici8ntty quickly if targets are not mel. Employ•o8 and voluntsgrs C¢Jmmunty First is committed to providing equalty and fairness for 811 in its empkjyment and lo not discriminale on the grounds of 8ny protected characteristic as defined in the Equality Act 2010. The Trustees would like lo expiess thelr gratitude for the hard work. dedication and commitment of the excellent staff teams worklng in all parts of the Charity K•y Achlevgm?nts The organisation continues to operate a hybrid model of working with a bnd of office and home working. We will continue to follow govemmenl guidanc&. Outdoar Education Centres - The Oxonwood Outdoor Education Centre finished the year with an accumulated unspent balance of £2,517 and Linkenholl finished the year with an accumulated unspent balance of £8,286. This is an area of op8ration which continu8S to require close financial control.
COMMUNrrY FIRST TRUSTEES. REPORT For th• year ended 31 March 2024 Desplle ch8116ng88 w8 have managed to sustaln operatlons and extend the team wfth the r8cruitmont of a nèw D8puty MBnager rolè, a Hous8k8ep8r rola and increased the instructor t&am over the last 12 Mcths. There is a strong calendar of booking for the next 12 months and bey(d. Central Sèrvlce8 and Strateglc Developrnenl - Financially, the organlsation remalns in 8 h6allhy position wth 8 Consolidatèd budgeted incomè of £3,034,950 at the end of March 2025 and expenditurè of £3.019.805. We ended the year with approximately £170.000 of free reserves whlch equates lo 3.5 months of conlral runnlng cost, whSch is atx)v8 the reserves mlnlmum level of 3 months. The 2024125 forecast figure ofapproximately £264.¢JOO equates lo 5.2 months of central running costs- comfortably within the reservtss policy. A key target last y•ar was the implementation of a new finance system. This was achieved and Xero 1$ now in place. The organisation continues to As an organisalion we committed lo suppgrt and influence VCSE devek)pmen15, including the new Integrated Care Systems IICS) and Inlegraled Care AJlianc& IICAI. The organisation ntinUeS to advg¢ate for th9 VCSE spdor within the new Intsgraled Carg System developmonl. We continue to have a seat both on the VCSE system wide alli8nc8 and work ch)sely with Wessex CommLmity Action lo coordinate and Chair the Witshire 'Placa' based VCSE Leaders Allianc8. Communlty D•volopm•nt Lo¢al Coun¢lls Support - We ntInued lo $upport the Lo¢01 Councils n$tyrk with 228 Council$ in the current membership. 41 In-house training ovents wer8 daliv8red. We hekl an annual conferenc• 72 attend88s. Llnk schemes - We SLtpported the 21 Communlty Transport groups and 42 Llnk Schemes in the county. There are 1,592 active vOlunt8e in Link schemes and th8 latest audf(we undertook hIlighted that together they delivered 40,299 la$ks'. an increase of 18% on the preVuS year. Villag• Halls and Community 8uildings-We have continued lo support Village Halls and Community C8ntr8s through the Wiltshir8 Village Halls Association offering support to access government granls and financial support and advice on interpreting safety guidance inGluding webinars on a number of topics. The village halls servSce Increase(l its membershlp to 188 members against a largel of 186. W8 Continued to deliver the Get Out Gel Active Programme. deliverad in pBrtn8rship with Wittshire & Swni)n Sports. 4 Village Halls successfully supported & awarded £2,100 platinum jubilee funding. Mlnibus Driver Awareness S¢heme {MIDASI Training- MIDAS training generate an income of £26,870 and achieved 99% satisfaction rate based on feedback from clients. Communlty Grants and Landfill -The grants supportwe provlde remaSn essentlal lo bulldlng Ihefabric of communrties. In 202312024 we awarded £386.703 in tolal.1£340.324 - Landfill grants. £46.379 - Bradgnstok8 Solar Fund). Empk)yablllty Prowamm•s It was a year of transition with a new funding regime for the Building Bridges pnership after the previous programme co-funded by the European Social Fund and The National Lottery Community Fund ended. This work supports people with significant barriers towards education and employment. We su¢¢essfully began two UK Shared Prospgrfty Fund Programmes - one supported by Wlltshlre Council for aduRs and young people In Wiltshirè and a second supported by Swlndon Borough Councll for people in need in Swindon. We secured a third strand of funding through a Notk)nal Lottery ReaGhir4J Communities Award to PTOVhde supyi lo adults in Swindon.
COMMUNrrY FIRST TRUSTEES, REPORT For thè y•ar *nd•d 31 March 2024 We began the year with a tsrget of 195 participants to support in Wiltshire. Howwer participant needs & barriers are far greater than on previous programmes. Funders agreed to prioritise continued high- quality support for smaller cohorts. We supporttd 137 Building Bridges participants were supported in Wi115hire by Ihe end of March 2024. Through Project inspire. 70 Swindon young people were supported agalnsl a target of 50.The Buildlng Bddges Programme was L9unched for adults In Swlndon In January. with 16 participants already in the adult support programme Audits by Th8 National Lott8ry Community Fund. DWP European Soclal Fund Managlng Authorty. and Govemment Inlemal Audit Agency were suc¢essfully completed Youth Action Wiltshire Bespoke support was offered to 128 of the mostvulnerable young carers In W Ashlre. In total 310 young carers accessed our dired se1 provision including one to one programmes. respite and developmentsl activities. 578 young Peop accessed Splash provision In tho year1374 were young vlcums of crime 8galnst a tsrget of 3501. 37 Youth Leaders & 21 new Young Leaders completed a¢¢redited training courses ag8in$t a tsrget 0124. 70 young people were supported through Project Inspirg lo ggt them Closer or into Education. Employmgnt and Training aga$1 the target of 50 We were awarded two multiyear contracts. Tha first from the Office Of The Pollce ANJ Crlme Commissioner for Wiltshire and Swindon lo support Young Victims of Crime through Sp183h and thè second was for support for young Carers and young adult cwers commlssk>ngd by WiltshSre Councll Fundraising In the prior year Ihe fundraising team sel a fvndraislng target of £443,820. We are pleasgj to report that by the year 6nd- £576,151 had beon raised. Flnanelal Rovlew The year's income1£2,299,429} and exponditure1£2,322,407} were simdar lo the previous year lo 31 March 2023. An analysis of incoming resources and resources experHled is sh¢)wn in the folk)wing charts.
COMMUNITY FIRST TRUSTEES. REPORT For the year ended 31 March 2024 Income ResoLJrces £2,299,429 Donation5 and membership, 7% Other Funders, 24%. nve5tmeht. Il% Central Government. l5% Landfill Tax Credits.- 14% Local AuthoritiÈs, 30% Resources Expended £2,322,407 Grants Payable, 15% Fvndrasing & Trading. 4% Oisadvantage. 54%_ strenhenIng -Communitie5, 26% En¢our8girtB Enterprise, 1% The overall resutts for th8 year w8r8 a r8duction in re5etves of £22,978, compared to a reductKJn of £26.070 In 2022123.
COMMUNITY FIRST TRUSTEES. REPORT For lh• year ended 31 March 2024 Unrestriclgd fr99 rgsgrv9$ li.¥. ex¢lu¢Jing dgsignated fvTrJsl do¢rgased from £221.390 to £172,607. The overall results for the year were a reiluclion in reseryes of £22,978, compared lo a reduGtion of £26.070 irb 2022123. The designated fund representing propety and fixed assets is not freely available lo spend and has been excluded from the calculation of free reserves. Similarty, Ihe Strengthening Communities ftjnd Was created from a legacy and the Trustees feel a moTal obligation to spend this gift on an idenltfi8ble project which Would otherwise not have funding. Trust8&s klentffied the fijnds for use of the Oxenwood Dgvglopments. The r1ve$ pollcy agreed by Trusleos Is: General or Yree. reserves. defined as all unrestricted and undesignated funds readily available for spending are to bo maintalned al a l&vel d$signed to protect tho Charity's work against risks rektion lo= In¢omo roliability Expgndilure flexiblllty Specific known liabilitl6s Reserves shoukl cover 3-6 months of expendilure on central costs {aTound £38,000 per month) as well as central serviGe redundancy ¢osls las at 31 March 2024 this was around £36.LK)01- CcKnmunty First also owns assets that could be used If readSty aVaIlab fknds were not enough tt> covei ony large Designated funds are set aside by Trustees for particular purposes as described in note 17 of the financial stslements. These funds indude the book value of property and fixed assets in use of the Charity's activities and the Strengthening Communrties fuThJ. Plan$ for the Future Tha kay Strategic Priorities for the next financial year include.. Governanco and Gontr41 Support 1. Ensur8 the reserves lev6ls 8r6 in the range of 34 month's cover. 2. Renew Unit C2 lease. 3. A¢hi8vo cyber essentials. BS EN ISO 9001 and IS014001 4. Complete policy review and refresh. 5. New Branding guidelines agreed. 6. Review sustainability stalefflent and gen activity 7. Review asset management register and investment 8. Appoint al least tsvo new Trustees 9. Develop a legacy strategy 10.Review induction and training programme. 11.Produce and implemgnl a succession plan. 12.Secure £325,700 fundraised income 13.Secure al least £25.000 in surplus income from Community Insurance servi9 14.Se¢ur8 al least £5.000 in surplus income from BOLD creative servi¢gS
COMMUNrrY FIRST TRUSTEES. REPORT For the yaar end•d 31 March 2024 Outdt)or Educatioft Deliv•r high quality and profe5sion•l Outdoor Edu¢•tion expw*enus •t Ox•m¥ood Outdoor Edu¢atlon Centre and Llnkonhol¢ to hèlp nurtur• h•afth and h•pplne Ensure the Centre breaks evgn financialty with a 20% increase in rèsidèntlal sa188 and 20% increase in day tooking$ laclTrilies)- 1600 young people wlll have access to (Krtdoor edLKallon actlvtties 24 Residential Booklng8 44 Day Activities Achwe the LOTC Quality Mark Produ¢9 ?hlIgra1 plans for the centre and achleve plannlng pemission Carets Together Provide quality support ftir Carern and Young Adutt C•rg Provide a comprehensive offer lo Carers in Wiltshire, including Parent Carèrs 800/0 of Carers assessed within the firsl S working days 80% of assessments completed and support plan agreed within 28 days of contact with service Carers who have a formal support plan musl have a Tevlèw of the plan wllh 12-month Perds. or sooner if required. Youth Action Wiltshire Y<wng Car•rs Provlde quallty support for Young Carnrs and Young Adutt Carers 80% of initial contacts received from the Council Assessrnenl team is acknow18fJged thin 5 worknng days Provide support planning for new refevrals, with 8 target of 80% of support plans completed within 28 working days of contact with our service Provide transition assessment$ and bespoke support for Young Adult Carers Provide a minim¥Jm of 218 respite groups Suryeys . 75%+ of those attending satisfied Young carors & young ad carers accessing $eNice support Improve lIbeIng & increase support network Inilialg the roll OLrt of the Young Carers in SchLK)l award programme wilh Witshlfe Primary Schoo15 As part of Carers Together - deliver Wiltshir&wide awareness Campalgns that rosLII in annual growth in assessed and supported young carèrs. 10
COMMUNITY FIRST TRUSTEES. REPORT For the yoar •ndod 31 IAarch 2024 Be Mlndful SUppOng the health and wellb•ffng of young pP10 in Salisbury Support 40 Young People tt) achleve posrtlve wellboing outcome$ Strengthen Montsl Heollh $upport palhways through parlnership. Splash Supportlng young vlcdms of crlme andyoung people laclng challenges In thelrllves A minimum of 400 young people access Splash servu support 50% engago in one-ton& programmgs. Time to talk, coaching or mentoring. With specialist counsg11ing provlslon also avallabl8 1.200 places on positNe group worf< activities are fillgd 85%* of young people accessing service support repcyt increased sefi-esteem & confldenee. 80%+ improve hoaf(h and wellbeing 90% of young victims of crime a¢cessing 8UPPOrt report Splash has enabled a cope & recoveryjourney. Youth Club$ Support Supporting voluntaryyouth clubs thriv• Now youth groups are provided with needs led support IghOul their set-up A minimum of 50 Youth Loadors & 30 Young Lead•rs compts ?redited trainiThJ courses gnhanclng Ihelr delivery skills A minimum of 20wmember youth groups are supported wlth governar, positive activity, safe operation, volunteer recruilmenl & fundraising sUppt. Communlty Devglopmont Programmos Wlltshlro A$sladOn Local Counclls Sustain a strong Partn•rship with WALC S n•w hall$ in Membeh[pl190 In total) 75% satlsfactlon with support giv8n 75% satisfaction with support giv8n. Communlty Led Houslng Pmmotlng su$talnablo and affordablo hou$lng In ltshI and Swlndon Increase in the number of affordable homes in the pipeline from 2 to 10 Increase in number of communities who are actively in conveT5ation about a rural affordable housing scheme from 2 to 7. 11
COMMUNrrY FRST TRUSTEES. REPORT For the y•ar ended 31 Mar¢h 2024 Unk anal Community Trnnsport Supportlng Unk S¢ham•$ ana7 Communlty Mlnlbus groups In Wlltshlr• and Swlndon Dkect volunteer recrultment for Link Schemes and CT groups - 50 new volunteers for both Offer a Suite of training in¢ludiny Safeguarding training and trusts8 training MIDAS- continue lo deliverqualty training with at least 80P/o satlsfaction from learners MIDAS - lo generate income of £15.000. Community Organlsin9 and Volc• Fa¢llltato people's Vol and engag•menl Fully implement the Voice11 Hear It service meeting all contract targets Reath al least 500 peoplo through surveys 8nd focus group8 via Voic811, H88r It Deliver pilot neIghurhood collaborative programme. Vlllage Halls Grow ¢>urnMmbernhlp In the Wlltshlre Wllage Hll$ A$$o¢iation 5 new h8118 In membership1190 In totall 75V• satisfaction with support gfven. Landfill grants Improvlng communfty•ss•ts through ¢ommunty grants Awed al least £350.000 In grants in full ccrfnpllance wSth fjntrust regulallon$. Employ•blHty Progr8mme$ Deliv•r employ*bility support proqrnmmes to help indivlduals overcome batTlws and work towards tholr educatlan and employment goals Building Bridges in Wiltshire - support 195 participants (both adult and young people) with 19Yg moving into employment outcomes and 21 % into educAlion outGomoS Inspiro Swindon $upwrt 50 young people towards education & employment outcomes. ilding Bridges Swindon support 90 aduK8 with 27% moving into employment outCA)mos and 16% moving into education oulcDmes. Annual General Meeting The Annual General Meeting of the members of Community First will be held on 91h Octobor 2024 12
COMMUNITY FIRST TRUSTEES. REPORT For th• year •nd•d 31 March 2024 Thls r8POrt has been prepared having taken advantage of the Small Companies exemption in the Companies Act 2006. By ¢xder of the Board of Trusts6S James Moody Chalmian of the Board of Trustèès 23 Juty 2024 13
INDEPENDENT AUDITOR'S REPORT TO THE PAEMBERS OF COMMUNITY FIRST Opinion We have aLMlited the financial sialements of Communty First (Ihe charitable mPan) for the year endod 31 March 2024 which comprise the Statement of Financial Acliwlies (including Income and Expenditure Account), the Balance Sheet, the Cash Fbw Slalemenl and notes to the financial statements, including a summary of synificant accounting policies. The financial reporting framework Ihal has been applièd in thèir preparation is applScable law and Vnhed Kingdom Accounting Standards. including Financial Reporbng Standard 102 Tha Financial Reporting Standard applicabl8 in th8 UK Republic of Ireland Iunilèd Kingdom Generally Accepted Accounting PractiC8}- In our opknion the financial statements: give a true and fair view of the stste of the charkable companys affairs al 31 March 2024 and of 118 incoming resources and applI110n of resources for the year then ended.. have bèen propety prewed in accordance Yth Unhed Klngdom Generalty Accepled Accounting Practice including Financial Reporting Standard 102 Yhe Fln*eOal Reportong Standwd appllcable In the UK and the Republic of Ireland. and have bèen prepared In accordance th the requir8mènts of th8 Chariti&s Act 2011. Ba$1$ for opinion We conducted our audit in accordance with International Standard$ on Auditg IUKI IISAS IUKII and applicable kgw. Our SPonsibl11t1es unijer those standards arg further describ8d in the Audilorfs re5ponsibililies for the audit of the financial slal8ments section of our report. We are independ8nl of the charitable company In accordance with the glhl¢al requSrements that are relevant to our audit of the financial slalemènts in the UK, Includlng the FRC'S Elhlcal Stsndard and we have fulfild our other ethScal responsibilities in accordonce with these requiroments. We believè that the audit 6vi(Jence we have obtsined is suffiuent and approprf8te to provlde a basis for our opinlon. Conclusions rnlated to golng ¢on¢•m In auditing th8 financial slal8ments. we have Conclud Ihal the trustees, use of tho going concern basis of accounting in the preparatlon of the ffinanckgl statements is approprialg. Based ¢)n the work we have perfoimed, we have not Idenllfied any material uncertaint$ relatin9 to events or conditions that, individually or colle¢livèly, may cast Stgnifi¢anl doubt on the charitsble cornpany's abilty to continue as a going concem for a pgriod of al least months from when the financial slatements are aulhorised for issue. Our responsbiliti'es aTrJ the responsibililies of the trustees rnspect lo gokng nCern are descrlbed in the revant 8ectlon$ of th1$ report. othor Infomiatlon The other information comprises thg information included in the annual report. including the trustees. report. other than Ihe financial 51alemen15 and our auditorfs report thereon. Tho trustees are responsible for Ihe cther Snformallon. Our opinlon on the financial ststemenls does not cover the other information and. except lo the ext6nl otheMi88 expiiclLIy Stat In our report, we do not exwess any fomi of assurance con¢lusK)n Ihereon. 14
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF COMMUNITY FIRST In connectlon our audll of the fknancSal ststements, our reSnSIbIlIty Is lo read Ihe other Snfomiation and, in doing so, ¢onsider whether the other information is materially inconsistent wlth the financial statements, or our krK)wledge obtained in the audit or otherwise appears to be malerialty misslaled. If identify such malorial inconsistencies or apparent material misstalernents. we are required to determine whether there is a material misslalemenl in the financial ststements or a material misstatement of th& other Informalion. If, based on the work we have performed, we conclude that Ih8rg 1$ a matorial misstatement gf this other information, we arè raquired lo report that fact. We have nothiThJ to report in this regard. Mattèrs on whlch we are required ta report by exceptlon In the light of the knowledge an¢J understanding of the company ané Its environment obtained in the course of the audit. we have not identified material misstatements in the directors, report included wilhln the Irustees. report. We have nothlng to report In respect of the following matters Sn relation to which the Charilies Ikcounls and Reports> Regulations 2008 require us to report to you If, in our oplnlon.. adequate accoullting records have not b8en kept or r&tum8 adequate for our aut11t have not begn received from branches not visited by us.. or the flnanclal statements are not in agreement Ythh the accounting records and retum8,' or certain disclosures of trustèes. remuneration specified by law are not made., or we have not receNed all the informalion and expl8n8lions we qUITe ftx our audit,. or Responsibilities of trusteès As explained more lully in the trustees, responsibilities statement sel out on page 4. the trustees (who are also the directors of the charitable company for the purposes of company lawl are resFonstsle for the preparation of the financial statements anil for being sat15fied that they give a true and fair view, and for such inlemal control as the truste83 dètermine is necessary to enable the reparatic) of financial statements that are ft8è from material misstat8m8nL vth8th8r du8 to fraud or error. In preparing the financial statements, the trustses are responsible for assessing the companls abllity to continue as a going concem. disclosing, as applicable. matters related lo going concern and uslng th8 going concem basis of accounting unless the tNslees either inlen(f to liquldats the (x)mpany or to cease operalions, or have no TealistSc allematfve bul lo do so. Audltor's responslbllltl•s for the audlt of th• flnanGlal stst•m•nts We have been appointed as auditor under Section 151 of the Charities Act 2011 and rewt in accordance with the Act and r¥l8vanl regulations mado or having Offoct Iherfjunder. Our objectivès are lo obtain reaSonae assurance about whether the flnancial ststements as a whole are free from materi81 misststemenl. whether due to fraud or error. and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance bul is not 8 gu8ranlee that an audit conducted in &cor(lance %Mth ISAS {UK) wll aNvayE detect a material misststement il exists. 15
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF COMMUNrrY FIRST Misslalements can arise from fraud or error and are considered material if, indmdually or in the aggregate, they could rnasonably b8 8XP8Ct8d lo influenc8 the eCorKJM decisions of usets taken on the basis of these financial ststements. 1wu1are¥. induding fraud. are instances of normPliance laws and regulations. We design procedures in line with tsjr responsibilitlès. c4Jtlined above, to det8ct material misstatements in respect of irr8guL4riti&s. induding fraud. The 8xt&nt to which our proc8dures are capable of detecting irregularities. Induding fraud 1$ detslled below. We Obtain an undeTStandlng of laws and iegulalions that affect the ¢harK8ble company. IU$l9 on those that had a direct effect on the financial slatements or that had a fundamentsl effect on its operations. Key laws and regulations that we identified included the Companies Act. the Charities Act. dala protection kgislatK)n and employment kgislation. We erquired of thg trustaes. reviewed correspondence with the Charity Commi35ion and reviewed trustees. meeting mlnulos for evSdence of non-compliance with relevant1ow$ and regulations. We also rgviewed controls the trustees have in place lo ensure Gomplian¢e. We galled an ynderstsnding of the Controls that Ihe Iruslees have in placg lo prevent and detect fraud. Wè 6nquir8d of the trustees about any inchJenc88 of fraud that had tsken place dudng the accovnling p8ri0d. The rL8k of fraud and non-compllance wlth laws and regUlaOn8 and fraud was discussed within the audit te0m and tests wero planned and perforrned lo address thesé risks. We Idenlffièd the polenll81 for fraud in thè foIh)Vng 8reas- m18appfopriation of cash and other assets, undisclosed related party Ir8nsaclK)ns outside the rrMal course of business and misststement of the investment propety valuali)n Wo revtewed financial statements dis¢kJsures and tested to supportlng documentaUon lo assess ¢ompliance wilh relevant laws and regulations discussed above. The engagement partner considers the engagement te8m collectively had the appropriale compelence and capabilities to idenii'fy or recognise non-compliance with laws and regulallons. We enquired of the trustees about actual and rthntial litigation arml daims We obtainBd independent confirmaon5 from yjur bank regardSng balances al the year-end in addition lo any outstsndiro charges We perfornied anatybcal procedur8s to id8ntify any unusual or un8xpgclod relationships that might indicate risks of material misst8tement due lo fraud. In reSsIng the risk of fraud due lo management override of intemal controls we tested the apprOpriatesS ofjoumal entries and other adjustments throughout the period and assessed whether the judgements made in making accounting estimat8s were indicativ8 of a potential bias. We also carried out o revpw for transactions outside the normal course of busin68S. 16
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF OMMUNITY FIRST Due to the inherent limitations of an audit. there is an unavoidable risk that we may not have detected some m8terial misststemenls in the financlal ststemenls, even though we have prop&rly plann8d and performed our audit in acwrdance with auditing standards. For example. as with any audit, there remained a hvJher risk of non4etection of irregularitie5, as these may invofve collusion, forgery, intentional omissions. misrepresentations, or the* overrido of inlemal controls. We are not responsible for pVeTrting fraud or non<omplian¢e Trmlh laws and gLon5 and cannot be expected to det8cI all fraud and non-¢ompliance wlh laws and regulations. A fijrther description of our respon8ibifilies lor the audit of the financial statements located on the FSnancial Reporting Councll's webslle at." www.frc.org.ukJauditorsre$ponsibilrties. Thls description fom8 part of our auditor's report. David Owen & Co 18 eligib for appointment as au(litor of the charitable company by virtue of Its eligibillty for appointment as 8udilor of 8 company under seCn 1212 of the Companie$ Act 2006. Use of our roport This report is made solely to the charltsble ¢ompanYs Irust89S. as a bo. in accoldance Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable compan$ members those matters we are required to stBte to them in an audrtorfs raport and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibilrty to anyone other than ihe charitable company and Ihe charitable companls members as a body, for our audit work, for this report, or for the opinions have fornied. David Owen & Co Stslulory Auditors Charterod Accountants 17 Market Place Devlzes %Niltshir8 SN10 1HT 17
COMMUNrrY FIRST {company limited by guarantso) STATEMENT OF FINANCIAL ACTIVITIES (including income & oxpondlturo aOUnt) For Ihe yèar endod 31 March 2024 Unr•stri¢t¥d Funds 2024 Rostrictod Endowment Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 INCOMING RESOURCES In¢om• DonatnS and legades Tradlng activities Membarship and affiliatn fees Charitable 8clivitie$ Investment income Olh•rln¢omlno resour$ Gain on dlsposal of fixed assets TOTAL INCOMING RESOURCES 19.581 119,744 139.933 10D.458 1.240 160.754 220.202 249,817 262. 175 1A67 239.135 30.292 7.141 1,639,626 812 608 1.878.761 31.104 12,376 1.75&499 15,754 410.219 1.887.970 1,240 2,299,429 2,300,961 RESOURCES EXPENDED 7 Fundraising and publicity Cornme191 trading 0paraon8 Charitabl8 activlties Community Development Encouraging Enterprise Tackling Disadv8ntBgè 5,256 1.240 6.496 80.213 7.921 74,586 80.213 333,793 1,863 123.183 273,716 378,188 1.124.955 607.509 380.051 1.248.138 592.870 43T.315 1,214,339 TOTAL RESOURCES EXPENDED 539.052 1.782,115 1.240 2.322.407 2,327,031 NET INCOME I (ExPENDuRE Transfers betsveen fund$ {128,833) 105.8 122.9781 (26.070J NET MOVEMENT IN FLINDS 128,833 105,855 22.978 26,070 RECONCILIATION OF FUNDS- TOTAL FUNDS BROUGHT FORWARD TOTAL FUNDS CARRIED FORWARD 17 £ 799.zlt £ 1.104.477 £ Nil £ 1,904,188 £ 1,930,258 670,878 £ 1,210.332 £ Nll £ t,881,210 £ 1.904,188 The notes on pages 22 to 38 form part of these financial slalemenls 18
COMMUNITY FIRST {Company registration 017573341 BALANCE SHE As at For th• ar ended 31 March 2024 Consolidated 2024 Charlty 2024 Not•s 2023 2023 FIXED ASSETS Tangibk assets Investments Investment property 12 13 13 250.534 100 100.000 350,634 250,087 loo too,000 350,187 250,534 200 100,000 350,734 250,087 200 loo.000 350.287 CURRENT ASSETS Debtors Cash al bank and In hand 14 437,201 1.369 903 1,807,104 310,240 1,475.OOT 7.785.247 472,826 1281.477 1,754,303 343.823 1.380.606 1.724.429 CREDrroRS: amounts falllng due wfthln one year 15 1276.528} {231.246 1223.827) 1170,528) NET CURRENT ASSErs 1.530.576 1,554.001 1.530.476 1.553.901 TOTAL ASSETS LESS CURRENT LIABILITIES I NET SSETS £ 1.881.210 £ 1,904,188 £ 1.881.210 £ 1.904.188 FUNDS Restri¢led funds UnTeslricted fund8'. Designated funds General funds 17 1,210,332 1,104.477 1,210,332 1,104,477 498.271 172.607 578,321 221.390 498.271 172.607 578.321 221,390 £ 1,881,210 £ 1,904,188 £ 1,881,210 £ 1.904.188 The company is entitled to the exemption from the audit Tequifftment contained in Section 477 of the Companiès Act 2006. for thè y8ar ended 31 March 2024 although an audit has been carried out under section 144 of tho Charities Act 2011. No member of the company has deposited a notice, pursuant to seclion 476, requiring an audit of these accounts under th8 requirements of the Compantes Act 2006. The annexed noles fomi part of thgse finan¢ial slalemgnts 19
COMMUNITY FIRST (Company rnglstratlon 01757334) BALANCE SHEET As at For th• ar •ndod 31 March 2024 The directors acknOedge their responsibilit$ for ensuring that the company keeps accountirwJ records which comply wlh section 386 of the Act and for preparing coUnts ¥thich glve a true and fa vlew of the slate of affalrs of the company as al the end of the finarKlal year and of its incomirwJ resources ond application of resources. including its income and expendllure for the financial year accordance wtth the requirements of sections 394 and 395 and which olherwlse comply with the requirements of the Companies Act 2006 relating to accounts. so far as applicable to the company. Thes9 financial slalements have been prepared in accordance the special provisions of Part 15 of tha CompanKgS Act 2006 relating to small Ghafitablg ¢ompan(es. They wero approved and authorised for issue by th Trustèep on 23 July 2024. JAMES MOODY. Chair SANJEEN PAYNE KUMAR. Trustee The annexed not8$ form part of thes8 financial statemer 20
COMMUNITY FIRST CONSOLIOATED STATEMENT OF CASH FLOWS For the year end&d 31 March 2024 Not• 2024 2023 Cash flow from operatlng a¢tlvllles {see bel¢>wl 112.208 132,431 Cash flow from Investlng a¢tlvitl•s Proed8 from the sale of property, fixtures and equipment Purchase of fixed asset additK)rn8 Investment income received (2.340) (9.410) 15.754 12 (24,OODI 31,404 N•t ¢a$h u$•d In inv•$tlng a¢tlvili•$ 7.104 £ 4.004 Change In Cash and ush equlvalents In Ihe year (105,104) (128,427) Cash and cash 8quivalents bought forward 1A75,007 1,603,434 Cash and cash eq816nts carrled forwar £ 1.369.903 £ 7.475,007 RECONCIUATION OF NET MOVEMENT IN FUNDS TO NEf CASH 2024 2023 Surplus l {deficitl for the year Depr8ciation chargès Dividends Interest and rents from investments Loss l {Profrt} on sale of fix9d a$sgts Decrease I lincreasel in debtors Increase I Idecreos¢} in creditors (22.9781 23.553 (31.11M (26.070) 20.545 (15.754) 2.340 {165,169) 51,677 12 14 15 (126.9611 45,282 £ {112.2081 £ (132,431) 21
COh1MUNrrY FIRST NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2024 I. ACCOUNTING POUCIES The principal accounting polScies are summarised below. The occounling policies have been 8Fplied consistentty throughout the year and in the preceding year unless OtherSe stslèd. (•) B•sls of •¢¢owidng The financial statements of the charity, which is a public benefrt entity, have been prepared in accordanc8 with th8 Charities SORP {FRS 1021 Accounting and Reporting by Charbties.. Slalement of Recommended Practice applicable lo charities preparing their accounts in acrdanCe with th8 Financial R8POrting Standard applicable in th8 UK and Republic of Ireland {FRS 1021 {effeclive 1 January 2019} and the Charitie5 Act 2011. The accounts have been prepared under the historical cost Convonlion. modifiod to in¢ludg Certain ilgms al fair value and on a going concem basis. The trustees consider that there are no material uncertaint$ about the charity's abllty to conlnue as a going concern. The financial statements have been prepared in Slerfing. The financial $lalements have been consolidated to include the resulis of Communtty First Trading Ltd, a wholty owned subsidiary of Community First. No separate Slalemenl of Financoal ActOv6ties or Income 8nd Expendblure Account have been presented for the Charity alone as penmitted by paragraph 408 of Ihe Companies Act 2006. (b) Fund aontIng General reservès unreslrScted funds whl¢h are available for use at the dlscrelion of the TNstees in furtherance of the general objeclNes of Ihe Charity and which have not been designated fcf other pre$. Designated fvnds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of designated fvnds is sot out in the nolos to the finan¢ial statements. Restricted funds ore funds which are lo be used in a¢cord8nce specrfic restrict$ Imposed ty the donots or which have been ralsed by the Charlty for partlcular purposes. The costs of ralslng and administering such funds are charged against the specrfic fund. The aim and use of the various reslricled funds is sel out in the note$ lo the finanual statemants. It is the Chariws policy lo transfer funds from general reserves lo efiminale deficits incurred by services funded from reslricled funds which will not be recoverable from future restricted income. Endowment furKls are restricted funds received for the 8P8cffiG purpose of estsblishing a donor advised fund wlh The Community Foundalion lo be invesled where On the income generated can be expended to benefit YoLth Action Wiltshire Services. The funds have been invested The Community Foundab'on's other endowment funds.
COMMUNrrY FIRST NOTES TO THE FINANCIAL STATEMENTS For the yr endod 31 March 2024 (c) Income recognltion All incoming resources are included in the Statement of Financial Activities ISOFAI when Ihe charity is legalty enttued lo the income after any perfomance conditions have been mel, th¢ amount Can be measured reliably and it is probabl8 that the incom& will b8 r8c8ivèd. Donations are accountod for whfrn fecfrivod and mlaled gift aid whon receivable. Legacios arfj Coted for when received or when entitlement arise5, It 15 reasonabty certain they wll b& received and amounts can be measured wlth sufficient rgllabllSty. Membership income is irKluded in the Statement of Financial A1VitieS in the year of receipt. Grants receivable are reGognised in fvll in the Ststement of Fingn¢ial Adivilw in the year to whith they relate. Income from government grants are rewgnised al fair value when the chartty has entitlement to the funds. any performance conditions have been mel it is probable that the income wll be received and the amount can be measured reliabty. If entitlement Is r>ol met then these amounts are deferred. Rental income is included when receivable. Trading income ig induded when reC81vae. This includgs in$uran¢e administration fees. oil bulk- buying ¢omrnission. and branding and design work. {d) EXpdure recognltlon Al expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category_ Where costs cannot be dire¢tty attributed to pa¢vIOr h8adings thay hav8 been allocated to activities on a basis consislenl with the use of resources. abilities are recognisod as expenditure as soon as there Is a legal Dr conslrucbvo obllgation committing the charity to that expenditure, il is Probab that a transfer of economic benefrts wll be required in setlement and the amount of the obligation Gan be measured reliably. Support $ts. whh include management and administration costs Incurred in the ChariVs offlce and govemance costs, which are the costs associated wilh the govemance arrangements of the Charity. have been allocated lo the Charity's activities based on ofiice space occupied, time spent and resources managed. Govemance costs include those costs associated th meeting constitubonal and statutory requirements of the charity and include the audit fees and costs finked wlh the strateg management of the chanty. 23
COMMUNrrY FIRST NOTES TO THE FINANCIAL STATEMENTS For tho yoar end•d 31 March 2024 Expenditure dir8cUy attrlbutable lo a speclfic activlty ¢otogory le.g. charitable actfvdles, govemance costs) has been included in the relevant calogory. Where costs arfr attribjtable to more than one actiwty, they are apportioned across activities based on the time spent by stsff on th086 ackwities 8ThJ their use of shared resources. (•) fanglble fixed •s$et$ Tangible fixed assets with an individual cost of £1,000 or more are capilalised and induded at ¢o$t or Valuatlon. Deprec18tion is not charged on freehold land. DepreciatK)n on other tangible fixed assgts is chorged Freehold & asehohl buildings Office equipment FtureS & frttiThJs Motor vehicles 2Y• of cost r annum 20% of cost per 8nnum 10% to 20% of Cost per annum 20% of cost per annum (l) Invesbn•nts Investment propertiés are valued al market value. FLYed asset Investments are valued al cosL (g) Cash and ¢a$h equivalonts Cash and cash equivalents include c8sh In hand. dewsits held at call vthh bkS and olher short liquié inveslmenls. (h) Debtors and credltor5 re¢elv•ble Ipayable Trade and other debtors are recognised al tho settlement amount due. Prepayments are Vaed at the amount prepaid. Crgditors and provisions ar8 recognised when the charty has a prosent obligation resuKing from past event that will probably result in the transfor of funds lo a third party and the amount due can be measure(l or reliabty eslimalgd. Credf(ors and provislons are normally recognised at th8 s8tt18menl amount. (i) lffecoverable VA T Due to partial exemption and the receipt, for VAT purposes, of non-business income, some VAT input tax Is Irrecov8rable. Thls Is allocated in the aLTrnts as part of support cost. (D Flnancl•llnstrum•nts The ch8rSty has only financiol assets and financial liabilities of a kind that qU81fy as baslc ffinancial Instruments. Basic financial instruments are Initial recognised al transaction valuè and subsequenlly measured at thelr settlement value wrfh the exceptKJn of investments Ythlch are measured al fair value. 24
COMAIUNITY FIRST NOTES TO THE FINANCIAL STATEMENTS For the yaar andod 31 March 2024 (k) L88$ Oparating laasa rental$ 8r* charged to the incom& and expenditurè account as inCurd. ) Pansit sch•m•s A defined contribution scheme wf(h Royal London {previou$ly knt)wn a$ Scottish Lif81 is in place for staff who are not mewnbers of the Wiltshire Pension Fund and who wish lo be members of and contribute lo a pension scheme. All eligible staff were aulo-enrolled into this scheme as from Novembor 2014. The rate of empbyer contribution is 7.00/•. {m) fax The charlty Is an exempl charfty vilhin the meaning of schedul6 3 of the Charities Act 2011 and is Considerèd to pass the le$ls set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets tho definition of a charitable company for UK corporation lax purposes. (n) Golng concern The financial statements have been prepared on a going concem basls as thè Iruslees believe Ih8t no material uncertainties exist. The trustee$ have considered thÈ L9v81 of fvnds hèld arhd Ihe expected level of Income and expendf(ure for 12 months from aulhorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern. 2. INCOME FROM DONATIONS AND LEGACIES Unrestrlct•d Funds 2024 Rostrlcted Endowment Funds Fund$ 2024 2024 Total Fund$ 2024 Total Funds 2023 Goneral donations Legaues 19.581 139,933 1,240 160,754 165,398 84.419 1.240 £ 160.754 £ 249,817 19,581 £ 139,933 £ 25
COMMUNITY FIRST NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2024 3. INCOME FROM TRADING ACTIVITIES Unrostrl¢l•d Funds 2024 Restrl¢ted Funds 2024 Total Fund$ 2024 Total Funds 2023 Events Expenses récovered Other eamed income Insurance administration fees Other miscellaneous income 720 17.773 2.386 80.299 18.493 2.386 96.438 102,061 824 25,175 903 138,035 96.523 1,539 £ 119.744 £ 100.458 £ 220.202 £ 262.175 16,139 102.061 824 26
COMMUNrrY FIRST NOTES TO THE FINANCIAL STATEMENTS For th• y•ar end•d 31 March 2024 INCOME FROM CHARITABLE ACTMTIES Unr•stri¢ted Funds 2024 R•stri¢t•d Funds 2024 Total Fund5 2024 Total Funds 2023 Grants: ACRE Blagrave Trust Bradenstoke Solar Communty Fund Carèrs Support Wiltshi Community Foundation Community Transport Association DEFRA Department for Work and Pensions Family Trusts and Various Small Grants Greensquare Housing Inl8graled Care Board INHS BANES. Swindon + Willshire) Landfill Tax Credts (rodlstrltrtsblè grants) Melksham Town Council The National Lottery Community Fund 40.000 62,369 62,964 16,098 12,600 41,095 3.733 2.837 70.997 76.731 4.273 70.997 76.731 4.273 13.095 28.000 41.095 25.378 52.501 77.879 12.000 19,500 19,500 312.951 312,951 438,802 788 768 127.205 127,205 27,696 The National Lottery Community Fundl ESF 61,803 61,803 503,269 po¢6 & Crime Commissloner for Wiltshire Primary Care Trusts Swindon Borough Counol Underwood Trust Wlltshire Communlty Land Trust Wittshire and Swindon Swts CIC Wihshire Council Wiltshire Wildltfe Trust Other small grants 119,706 119,706 134, 706 26.000 24.500 175,500 25,000 14,910 9,070 505.992 50.500 175.500 25.000 14.910 9,070 505.992 39, 750 50,000 15,180 139,595 2,500 7230 9.739 16,969 Totsl grants 71,703 1.639.626 1.711,329 1.605, 194 Fees: Oxenwood and Linkenhc41 167.432 167,432 153,305 £ 239,135 £ 1,639,626 £ 1,878,761 £ 1.758,499 27
COMMUNrrY FIRST NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2024 5. INCOME FROM INVESTMENTS Unrestrlctsd Funds 2024 Ro$trfct•d Funds 2024 Total Fund• 2024 Total Funds 2023 Bank witarast Rental Income 20,072 10.220 812 20.884 10,220 5.329 10,425 30.292 £ 812 £ 31.104 £ 15,754 6. NET INCOME I EXPENDrruRE FOR THE YEAR 2024 2023 Net income l expeNlituro for the perrod incbjdes Depre¢ialion Profgssional indemnity insurance Fees payable to audit( AudEt work Non - audit y•rk Non - audit V•rJrk r8 subsidiary 23,553 2,600 20,545 2,866 14.646 3,958 503 12,600 2,308 762 T. ANALYSIS OF EXPENDITURE A¢tlvltl•$ directly undertaken 2024 Grants Support 18•• N•)t• Costs 8) {5 Note 9} 2024 2024 Totjl 2024 Total 2023 Costof genw•llnq funds Fundraising costs Trading Company 6,496 80,213 6.496 80,213 7,921 74.586 86.709 86,709 82.50T Charitabl• aclivitffe$ Community Development Encouraging Enterprise Tackling Disa¢Jvanlage 414273 193.236 607,509 592.870 27.805 913,917 1.355.995 350,381 8,547 358,928 380.051 1,248.138 2,235.698 437.375 1.214.339 2,244.524 325.674 520.775 £ 1,442.704 £ 358,928 £ 520.775 £2,322.407 £2,327,031
COMMUNITY FIRST NOTES TO THE FINANCIAL STATEMENTS For th? year ended 31 March 2024 8. GRANTS PAYABLE DUn9 the year the followong instilubonal grants were made:. Lan mm Fu 48 grants12023: 451 were paid to assist Communty groups and voluntary organisalions to improve their local 8nvironment'. 2024 2023 Avebury Cricket Club Avebury Sports & Social Club Bradford on Avon Town Councll Calne Borehole Football Club Codforé Lawn Tennls Collingbourne Kingston Parish CounGil Cricklade Development Found81ion FLISCA Goalacre Cricket Club Hamham Parlsh Hall Hllmarton Jubilee PY Park Marlborough Golf Club Mere Town Council Nèw Blunsdon Communty Shop Oaksey Village Hall Royal Wootton Bassett Sports Associatlon RWBSA- Mowers Stratton Sl Margarets PC Swondon Cricket Club Swindon Town FC Tytherton Village Hall Wesl Whe81s Track Swindon White Parish PCC Wil¢ot Cricket Club Yatton Keynell Rocreation AssoGiation Projects under £10,000 30.000 11.500 10,000 24,054 10,000 10,000 14,746 13.986 17,753 10.000 30,500 10,000 31,000 30.326 10.000 28,049 10.000 11202 48,715 72,000 15.000 10,000 30,000 30,000 22,000 10,OChg 10,000 10,000 135.053 106,490 £ 350.381 £ 406.993 Link Good Nei hbour Scheme Grants 11 grants 12023.. 41 each of less than £I0.(X)O were pald lo provlde transport and oth8r servl¢e$ to local people in need. 2024 2023 Projects under £10,000 8,547 £ 7,124 Total grants payable £ 358,928 £ 414,117 29
COMMUNITY FIRST NOTES TO THE FINANCIAL STATEMENTS For tho ar ènded 31 March 2024 9. SUPPORT COSTS Charitable A¢tivitle$ Gov•manc• 2024 2024 Total 2024 Total 2023 Staff costs Premises costs DeprlatiOn Other costs 198,507 50,623 23,553 88,535 41.548 240.055 50.623 23.553 141,655 216. 145 58.588 20.545 165.348 53,120 £ 361,218 £ 94668 £ 455886 £ 460.626 10. STAFF NUMBERS AND COSTS 2024 2023 Wages and salaries Social security costs PensK)n costs- defined contribution scheme contributions 1.081,480 91.270 85.781 1,091.075 97,467 82,629 £ 1,258,531 £ 1,271,171 The average number of staff duriThJ th8 yaar was 49 Empk)yees tsamirtg over £60.000 Numbèr Number £70,¢)01- £80,000 11. TRUSTEES AND KEY MANAGEMENT PERSONNEL Durfng the year. nong of the Trustees, received any remuneration (2023.. Nil>. No Trusleo recgivod r¢imbur$¢d ¢xpendlbJre12023: £NIII. The key management personnel of the charity comprise the Trustees and the Leadershlp Team las sholyn on page 21. The totsl employee bafits of the key management personnel of the Charity were £286.13112023 . £285,019). 30
COMMUNITY FIRST NOTES TO THE FINANCIAL STATEMENTS For tho year ended 31 March 2024 12. TANGIBLE FIXED ASSETS- CONSOLIDATED AND CHARrrY Freehold Land & 8uildlngs Leasehold Land & Furnltur• & Equlpmont Bulldlngs Flxturns & V8hicl•s Total ost At 1 Aprll 2023 Additions Dlsposals At 31 March 2024 52.001 197.448 75.977 116.967 24.000 442.393 24.000 52,001 197.448 75.977 140.967 466.393 Depreclatlon At 1 April 2022 Charge for the year On disposals At 31 March 2024 3,120 1,040 34.224 3,949 72,991 1.856 81.971 16,708 192.306 23,553 4.160 38.173 74.847 98,679 215,859 book valu• At 1 April 2023 48,881 £ 163,224 £ 2,986 £ 34.996 £ 250 087 At 31 March 2024 47.841 £ 159,27S £ 1.130 £ 42,288 £ 250,534 13. FIXED ASSETS INVESTMEwrs Con$vlidaled 2024 Charity 2024 2023 2023 Share hokling in.. Wiltshire Enterprises Ltd (company 01741853) Communty First Trading Ltd (company 083600631 100 100 100 100 100 too 100 £ 100 £ 200 £ 200 Community Frst holds LEnli$ted inveslmenls. stated at cost. in wholly-owned subshdiaries. Both companies are registered in England. Willshire Enterpri58s Ltd was dormant throughout the year. The wholly owned subsidiary, Communty First Traéing Limited, earns insurance commissions trom the sale of insurancE FK•licies to Village Halls, Playing Fiehds and Partsh Counclls. 11 also recefves subscriptions from a Bulk Oil Buiing Scheme. It is the poli¢y of thg directors to pay over th8 whde of its proffts each year to the Charity and its accounts have been consolidated in these finanual stslements. A summary of the trading results is shown below.. 31
COMMUNITY FIRST NOTES TO THE FINANCIAL STATEMENTS For tha ygar onded 31 March 2024 2024 2023 Turnover Intertsl re¢eNabie Total in¢omo Cost of sale5 arbd administrative expenses Profil in the year Retain8d profft bought forward Glfted to parent Charity 107,941 416 108,357 0,213 28,144 100.975 227 101,202 1.01T 30,185 {28,1441 (30,185) Nil £ Nll ThFJ ass&ts and babilili8s of the company were Debtors Cash at bank and in hand Creditors falling due wlhin one year 288 94.402 (94,590) 88,417 188.3171 100 £ 100 As at 31 March 2024 Communty First Trading Ltd had nel assets of £100 and share c8Pital of £100. L•as•hold Land & Bulldlngs Valuation As al 31 March 2023 and 31 March 2024 £ 100,000 The investment property was last professionaThy valued as at 31 March 2022. The valuation was Caled out by Huw M Thomas MRICS on behalf of Huw Thomas Commercial. The rnaet valuation was estimated having regard to the properws age, nature and type. the terms alICable to the existing lease, the terms applicable to the renewed lease and the ¢urrent state of the commercial property market. The Investment propety Is currently leased at £10.2201annum on a fNe year lease with a three year break clause. 32
COMMUNrrY FIRST NOTES TO THE FINANCIAL STATEMENTS For thè year ondod 31 March 2024 14. DEBTOR8 Consolidatèd 2024 Charity 2024 2023 2023 Du• Wbthin on• y•ar Tradè debtOTS Other debtors Prepayments and ¢rUed Inme 415,519 105.398 105,799 99.043 421,022 105,108 105, 799 132.976 21,682 51,8Q4 £ 437.201 £ 310.240 £ 472.826 £ 343,823 15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Consolidated 2024 Charity 2024 2023 2023 Trade creditors Taxation and soclal securty Other crèditors Accruals and deferred incomo 70.188 33,023 10.OS7 163.260 88,926 34. 765 1,217 106,338 21474 32,796 10,057 156,500 36,471 34.470 1,217 98.370 £ 276.528 £ 237.246 £ 223.827 £ 170,528 Deferred Income Balan at 1 April 2023 Amount released to Incoming resources Amount deferred in thg yeor Balance a$ at 31 March 2024 53,9S8 {53.9581 106.507 106.507 £ 799 (799) 53.958 53.958 33
COMMUNrrY FIRST NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2024 16. ANALYSIS OF NET ASSETS BETWEEN FUNDS Fund Balan¢e$ at 31 March 2024 reprns8nt•d by: Unr••trkt•d Funds RMtrlct•d Funds Total Consolidatsd Tangible fixed ass•ts Investments Current assets Current liabilrties 250,534 100,100 596,772 1276,528) 250,534 100,100 1.807.104 1276.528) 1.210.332 £ 670,878 £ 1.210.332 £ 1,881,210 Chadty Tangible fixed assets Investments Current assets Current liabilitiBs 250,534 100,200 543,971 1223,827} 250.534 100.200 1.754.303 {223.8271 1.210.332 £ 670,878 £ 1.210.332 £ 1,881.210 17. STATEMENT OF FUNDS UNRESTRICTED FUNDS Tran$fors and Re60ur¢es Investrnent Expendgd gaInlI055&s) Brought In¢omlng Forward Resou95 CarTl•d Forward GENERAL FUNDS 221.390 410.219 (515.499) 56,497 172.607 DESIGNATED FUNDS Propety and fixed assets in use Strengthening C¢ynmunities Futur& investment 350,087 123.553) 24.000 350.S34 188,234 40.000 (40.4971 140.0001 147.737 578,321 123,553} (56.4971 498,271 £ 799,711 £ 410,219 £ 1539.052} £ NII £ 670,878 'Properti&s and ed assets in use" represents the asset value of properties owned by the group, separately shown frorn General Funds. The amounts include Ihe net book value of properties purchased by the charity. Thg transf8r in tha year represents the value of assets purchased.
COMMUNITY FIRST NOTES TO THE FINANCIAL STATEMENTS For the year endod 31 March 2024 "Strènglhonlng Communili8s' rapTgsents a18gaGy of £188,234 thal was received in previous perK)ds. The Trustees agreed lo 6armark these funds to be used for Strèngthening Communitie8 and therefore transferred them into a designated fund for that purpose. The Trustses are scoplng potential capital work to the Oxenwood Outdoor Education Centre and have earmarked the funds to go towards Ihls prolecl. 'Future invesknenf rewesonls funds Ihat the Trustees have earmark8(I for Inv8Stlng in the Chantys Infrastructure In the next financial period. This includes funds to cover the cost of some replacement vehicles and other capitsl and repair work to the Charitys outdoor education projects. 35
COMMUNITY FIRST NOTES TO THE FINANCIAL STATEMENTS Foi tho year ended 31 March 2024 RESTRICTED FUNDS Transters and R•Jour¢es Invo$tm•nt Exp•nd•d gainsl{lossesl Brougm Forward In¢omlng R•soureos Carrlod Forward Youth Actlon Wlltshlrè Fundralsed Income 3.314 26.616 5.256 24,674 Community D•vdopment Communty D8v8k)pm8nl Village Halls Local Counclls YAW Club Programme 86.284 20,611 63,040 14,777 60,953 21,912 160.682 (112.9151 {25,4921 (60,9531 25,557 (224.9171 36,409 9A96 7,331 114.226 3.686 49.991 Encouraglng Enttrprts• Accelerate Grants Programme 10.831 27.393 38,224 26.870 (17,0871 48,799 (65.8861 20.614 1,054 21.668 49.330 Ta¢kllng Dludvantsg• Be Mindful Community Transporl Voice 11. Hear It Household fund Link Schemes Sptash YAW Y¢Jung Carers Buikjing Bridges 19.500 25.116 43.750 45.957 31,360 219,046 191.792 706.129 {3,491) (24.861) 134.364} 145.957) 152,145) 1228.358) 1172.190} 554.979 11,116.345) 16,009 14.157 9,386 13.902 44.200 51,636 86.505 23,415 42.324 106.107 151.150 362.548 196.243 1,282,650 Grants Payable Business Grants & Loan Fund Landfill Communrties Fund Link Grants Furmj 17.863 1763 651.348 83,259 752.470 360.692 {361.101} 8.610 (369.7111 650,939 82.649 751,451 368.692 £ 1.104ATT £ 1.887.970 £11.782,1151 £ NII £ 1,210,332 Youth Action Wiltshire Tackles dlsadvantage an¢J Sltpports young people through dffllcLtllles. Includlng SPLASH progr8mmès whh support youro victims of crim&. thos8 strLtggling with challenges who may be out of education, empk*wnent and training IEEf) and young ¢arers who m8y h8ve SIgn¢ant caring responsibil0$ for a family member. We also support a neljvork of youth clubs a¢ro$s the county. 36
COMMUNrrY FIRST NOTES TO THE FINANCIAL STATEMENTS For th• year ended 31 March 2024 Communlty Developm•nt Connects communities includes a range of services which supports local communities and volunteers and brings people tO9elher to take action around their common coneems. SeNices include support to Ihe Wiltshire Village Halls Association, The Wiltshirè and Swindon Local Councils Netsvork. IWALCI. Community organising and Voice. Community Led Housing through the partnership Home5 of Our (n. Community Fir51 administrates the Landfill Communities Fund and the Wiltshire Community Transport Development Fund and other grant programmes to improve community facile$. We also supwrt local community transport services and LINK $¢hemos and volunteers. En¢ouraglng Entorprlse We support rural enterprlse by offering grants to communlly groups and organlsatlons, as well as prOv•ng training in relation lo the Minibus Drivers Awareness Scheme. Tackllng Dlsadvantage The Buihjing Bridges Programme tackles disadvantage and is a partnership of organl881ions in Wlllshire and Swinth>n who are helplng people ov8rcom8 thelr bathers to employTnenl and education. The programme is funded by The Nalonal Lottery Communlty Fund. Wimshire Councll and Swndon Borough Council. ENDOWMENT FUNDS The Charity has been fundraising lo e$tsEAish an end¢)vrnenl lurKI in relation to Youth Action Wiltshire. During the year £1,240 12023.. £1,035) was received and pass8d lo the Wilishire CL)mmunrty Foundation who hold the furKI fcr the benefit of the Charity. Tran$fers and Resou$ InvoStment Expendod gainsl{l¢ssos) Brought IoMIng Forward Resources Carri•d Forward SUMMARY OF FUNDS Designated Funds General Funds 578.321 (23.5531 221.390 410,219 515,499 799.711 410,219 1539,0521 1.104,477 1,887,970 1,782.115 £ 1.904.188 £ 2.29B,189 £{2.321.1671 £ {56.497} 56,497 498.271 172.607 670.878 1,210.332 Nll £ 1,881.210 Restricted Fund5 Transfers behveen funds represents adjustments to designated funding. 37
COhlMUNITY FIRST NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 Mah 2024 18. LEASE COMMrrMENTS The charity has finencial commthenls li respect of operatSng le8ses of offlce equipment. The lolal future minimum188se payments un(ler non-cancellable operating leases are as folh)ws= 2024 2023 Not laler than on8 year Later than one and not later than 5 years Later than fve years 2,393 1,256 2.393 £ 1.256 19. PENSION COMMrrMENTS On 30 Septembèr 2019 Communlty Flrst purchased Oxenwood Fiekl Study Centre and the staff were TUPE'd across. These staff members were and remain members of the Willshire Pensw)n Fund. Communty First make employers contributions lo this scheme. The pension came over as a new fund wilh no assoaated dgficAt. Witshire Council have agreed to act as guar8ntor 8n(J cover any lulure deficit arising on the fund 8nd therefore no potential deficit on Ihis fvnd is disclosed in these accounts. The Gosl of the employers contributions in the year was £19.120. A defined contribution s¢hgmg with Royal London is in place for staff who are rK)i rnber3 of tho Wittshire Pension Fund and who wlsh lo b& members of and contribute to a pension scheme. All eligibl8 staff w8ro autO-9nro118d into thi5 sGheme as from 31 OGtober 2014. The rale of employei contribution Is 7.00A. The cost of ernoYerS contributions in the year was £60,304. There were outstanding pension contributions al the balance sheol date of £9.393 {2023.. £2.154). 20. RELATED PARTIES Various Trustees, officers and empknyees (and mèmbèrs of th6lr famlllesl of Communlty Flrsl have In their person81 capacities, links with organisations which lo some degree eilh8r fund or are furKled by Community First. This is a18rge. diverse organisation reaching into the corTrmunity and links 8re inevitable. The Trustées monitor these links and the Charity m8lnlalns a reglsler of dedared interests In ordgr to foster 8 policy of transparency. The Twstees strive to promote faimess and consider that no transadions have been influenced by inlere51s other than the Charit18. Inspection of the register can be arranged by contacllng the Charity. 21. CONTROLLING PARTY The Trustees considar that the charty is joindy contro118d by th8 Trustees and that there 18 r ultimate controlling party. 38
COMMUNITY FIRST FINNJICIAL SUPPORT AND OTHER CONTRIBUTIONS For the year ended 31 MaTch 2024 The of Communlty First has been madè possible wth financial support and contdbutkins from the followiThJ groups and organisations.. AAFH UK ills Waste Limited Accommodation Welfar8 Commttlee Hugo Halkes Charltable Trust ACRE Tht Hunny Pol Children's Charity Active Plumbing Supplies {Malmesburyl Ltd The Inchcapè Foundati Amy Kent Interiors Integrated Care Board AW Galè C(hnmunity Trust J A R8nd811 BA ASA Ltd SW J H King Charitable TnJsl Barn Owl Book8 James Weir Foundation BDP Imports Jodrell Trust Blg Ge Trust The Julia and Hans Rausing Trust Bingham Kindergarten The Julius Silman Charitable Trust The Blagrove Trust Knlght Frank LLP Eol8y Trust Ladies, Fellowship, Sl Andrews Church. Dewzes Bradensloke Solar Community Fund Leaders Unb¢ked 8radford & Winsley Community Lucienne Hughes Swts Assoc Lyneham & Bradenslok6 Parish CoLFncll Bradford on Avon Llons Magdalen Fami Bradford on Avon Rolary Club Malrnesbury League of Friends Brewster M8ude CharilabL* Trust The Mallhovse Nursery Busin@ss Education Trust Marfborough College Buzz ActKJn Foundation Masonic Charitsble Foundation Caenhill Covnlryside Centro Melksham Tovm Council Chippenham Borough Lands Charity Mrs A Lloyd Chippenham Lions National Bgnovolgnl Charity Christian Mafford & Foxham Wl The National Lottery Awards for All Codld Village Fele and Quiz The National Lottery Communty Fund cOp Local Comrnunity Fund NHS BANES Corsham Town Council NHS Wiltshire Crapper & Sons Lan(Jfill Ltd OFGEM RHI DEFFiA- Department of The Environment OJM Advisory Lwnited Oevize$ Lions Pewsey Vale School Durrington Town Ctyjncil Police & Crime Commlsslonei for Vviltshye & Svindon E&S Shops Ltd Poulshot Village Lunch EAP Sells 2007 Trust Pound Arts & The Rhythm Practice E8sy Fundraising Radnor Charilabk Trust Edinglon Parish Council Salisbury Cathedral The Emesl & Mariorie Fudgè Trust Salisbury City Community Lottery Estate of R Chapman Ilegacyl Sam Evans Ar¢hitedurg Estate of T Horowitz (legacy) Seend CommUrty Centre Farm Cookery School Six Mental Heahh Solutions Freernasons Skillsèt Le8ming Friends of yOh ActN)n Willshire Southampton Water ActiV7ty Centr& Garfield Weston Foundation St James Tnjst Greensquare Accord St MaS sch)1 GUL Outdoor Therapy Stsmpede Sports Hedlev Foundation SteDpes Travel Ltd Henry C Hoa Charitablo Trust The Stonohengè s¢)01 Continuad... 39
COMMUNITY FIRST FINANCIAL SUPPORT AND OTHER CONTRIBUTIONS For tha year ended 31 March 2024 SVO (Calnel Ltd Swndon Borough Counal T2A T811 Ships Youth Trust The Beaufort Christmas Bazaar Thlnk Coachbng Tran$Will$ CIC Tristenagh Trust Trowbridge Guild of Community SaNice Trowbridge Town Council Trowbridge Town Trust TW Partners Lttj The UndeTrvood Trust The Vintsge Entertainer Walker Logistics Limite(I Warminster Lions WASP Wilkins Builders Ltd Willshir8 Association of Lo¢al C0c11S Wiltshire Community Foundat Willshlre Council Willshire Land Trust Ltd Willshire Music Connect Willshir9 Outdoor Leaming Toam Willshire Wildlrfe Trust Zuru Mpdia Ltd We woukl also like lo ackrKiwledge the support of all our parlners. The Charity has also benefrted from the generous support of many indwtduals whose dOnaOn and gffts have enabled services lo be maintained and expanded. 40