ILKESTON & DISTRICT CENTRE FOR VOLUNTARY SERVICES FINANCIAL STATEMENTS FOR 31 MARCH 2024 Charity Number 514860 ILKESTON & DISTRICT CENTRE FOR VOLUNTARY SERVICE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 Conlents Page Members ot'ihe board and professional adviser Trustees, annual repon Independenl exaiiiiners report Statement of financial aciivities Balance Sheet Noles to the financial slalemeiils 8-13 ILKESTON & DISTRICT CENTRE FOR VOLUNTARY SERVICE MEMBERS OF THF. COMMITTEE YEAR ENDED 31 MARCH 2024 The board of truslees Chdir.. Mr. B. Brc)i% li Deputy. Chair: Mrs. A. Bower Treasurer". Mr J. H. Cain M.R.PharniS 'rrustee: Mrs. L.Berest"ord Registered 0￿1¢¢ IDCVS fianisieed Centre AlbLrt Street I IkL'Stc)n Derbvsliire DE7 5GU Independent Ex4miner KI.N ALL()Iiniaiici ices Ltd -? Baslc)rd 14ouse DLrby Road Heanor DL'rbN'shire DE75 7QL ILKESTON & DISTRICT CENTRE FOR VOLUNTARY SERVICE YEAR ENDED 31 MARCH 2024 TRUSTEES ANNUAL REPORT The trusiees have pleasure in presenting their report and the unaudited financial statements of the charity for the year ended 31 March 2024. OBJECTIVE.S l. To promote any charitable purposes for th¢ benefit of the Cuminuniiy ot" Ilkeston and districiand in particularthe advancementof education. the furtheranceof healthand the relief of. p0￿en1'. disiress and sick'ness. 2. To promole and cirLJanise cooperaiion in theachievement of Iheabove purposes and to that end to bring tC)&yeihLr volunian, organisations and members of Ihe communily to be engaged in the funherdnce c)f the aboie purposes within the area ol'benefii. SIIMMARY OF THF. MAIN ACTIVITIES UNDERTAKEN FOR THE PUBLIC BENFFIT IN RELATION TO THESE OWECTS In planningj our activities tcir the year. we kept in mind the Charity Cc)mmissions guidance on public benefil at our trusiees meetin&ps. Ilkeston & District Cenire f()r Voluntary Services is open to all individuals irregpective of race. gjender or oiher personal circumslances. FINANCIAL ACTIVITIES AND RESULTS The results forthe year.and thecharily's financial Posilion ai iheend ofiheyear.are shown in the atlaLhed l inancial statements. RF.%iERIIES The Association aims to build up reserves locover3 months operaiingycosis in the event of a drop in income. Resen'es held as at March 31" 20?4 w'ere £?,387.00 . ILKESTON & DISTRICT CENTRE FOR VOLUNTARY SERVICE YEAR ENDED 31 MARCH 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Ilkestoii & District Ceiitre for VoluntaTh' Services 15 a registered charity. number 514860. The Lliaritv's gyoverning documenl is a constitution adopted on 27 Februarn ?007 as ainended on ?9 Maj. ?007 and April ?009. -rhe charity s reglistered office is, IDCVS t-lamsteed Cenlre. Albert Strecl. Ilkeston. Derbvsliire. DE7 SOU Trustee selection method5 The Chai-il! unden. volunteers. ILKESTON & DISTRICT CENTRE FOR VOLUNTARY SERVICE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 1.4 Resourees expended All e.xpenditure is aLLounted for on an accruals basis and has been classified under headings that aggiregaie all cosls relaliiig io the categ)oTr'. Where costs caniioi be directly atlribLiled io particular headingis. thei. have been allocated to aLlivities on a basis coiisisleiil With use of ihe resoLirces. Fund-raisino costs are tl)ose incurred in seeking iloluntary, conlribulions and do not include the Cosis ol" d issem inaiing inforn]ation in ihe support of tlie cliaritable aLlii'ities. 1.6 Debtors Trade and oiher debtor% are reLognised at tlie selllemeni amouijt due alier an). trade discounts oft"ered. Prepa￿'MentS are valued al the amouni prepaid net of any trade discount5 due. 1.7 Cash and cA.$h equivalents Casli aiid ca%h equii alenis include cash in haiid, deposits held at call with banks. other short• lemi liquid investments with original malurities of ihree months or less. and bank owerdrafts. Bank overdrafts are shown within borrowings in current liabililies. 1,8 Creditors and proi'isions CrLdil()rs aiid pr()I'iSi()1is arL recognised ￿,here ihe charity has a present obligation resulting from a pasl elent Ihal will probabl). result in the Iransfer offunds to a ihird pam, and the amount due lo settle tlie obligldtion cali be measured or csliniaied rel iabl>'. Credilors and provisions are nonnally recognised ai iheir settleinent amount after allow'ing for any trade discounts due. 1.9 Financial inslrumenl$ Tlie cliarit! ha% fiii¢iiiLial assets and finaiicial liabi lilies of a k. ind tliai qualify as basic financial iiistruTnents. Basic financial instrumenls are initially recc)gnised al Iransaclion value and subseqiiciil IN nieasiired at tlieir settleinenl value. DereciJApiij¢j(iii (Iffiiiaiic'iul liabililie.s Fiiiaiicial liiibi liliL'S &qrL dercic)¥iiis¥d when the charity's contractual obligations expire or are discliargyed or cai)Lel led. 1.10 Employee btnefits The cosl ol" an), uniised holiday ei)titleinent is recognised in the period in which the employee's serviccs are received. Termination benefits are recognised immediately as an expense when the charity is d¢monslrabl!' coniinitted to terminale the employinent of an employee orlo provide terniinalion benefils. Taxation The Lliarits is exempt from tax on income and gains falling with section 505 of the Taxes Acl 1988 or seclion l)? of the 'faxatii)n of Chargeable Gains Act l 99? to the extent that ihese are applied io ils chariiable objects. ILKESTON & DISTRICT CENTRE FOR VOLUNTARY SERVICE NOTESTO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 1.11 Depreciation Individual fixed assets cosiing £5.000 or more are capital ised ai cosi and are depreciated over their esiimaled usel"Lil economic l ives on a straight line basis as fol lows:_ Asset cateRorv Annual rale Equipi)ILIII Critical aceounting estimales and jud2ements In the applicalion of the charity's accoLbnting policies, the truslees are required io make judgements. esiimaies and assiinipiioiis about Ihe carry'ing amount of asseis and l iabi lilies Ihal are not readil). appareni froin othLr sources. The estimated and associaied assumptions are based on hisloriLal LxperiLncL ai)d oiher faciors ihat are Considered to bc relevaiii. Actual results may differ troiii ihese estiinaies. Volunt8ry income Total funds Ye8rto311t March 2024 U n restricled Restricted Funds Funds Yellr to 31. March 2023 Donations 6.510 6,510 4,660 4 Grants receivable Total Funds Year to31 Year to 31 Mar 2024 Mar 2023 Unrestricted Funds Restricted Funds DerbNshire County Council Other ?0.477 944 ?0.477 944 15.6 15.600 S Interest receii'able Year to 31 Mar 2024 Year to 31 Mar 2023 Bank interest receivable 10- ILKESTON & DISTRICT CENTRE FOR VOLUNTARY SERVICE NOTESTO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 20234 Detailed Profit &. Loss A¢counl for the year ended 31g1 March 2024 Income 31.03.24 31.03.23 Dajs Cenire Hall Hire DonatiL)ns Granls Otfice Hire Bank Inlerest 45.669 7.908 6.-510 21.4?1 4.460 39,420 8,)50 4.660 1.5.600 360 390 Expendilure Reni Light. heat & water Repairs lo properly 7.360 6.528 6,?00 3.-%53 2.178 43.0?? 7,66? 4,193 1.748 284 41.413 7.16i 3.897 1.868 517 HMRC Pensions Teleph()ne & Internel Post & stationery Day centre costs Equipment Wa.%te disposal Hou%ehold & cleaning Sundry expcnse5 Accounlancy Prof. fees & insurance 'rraining 14.096 3.?78 10.489 36 798 457 990 891 550 550 2.399 2.838 EXCE6iS OF F.XPF.NDITIIRF OVF.R INCOME (g?44) Expendilure on charitable aclivities was- ILKESTON & DISTRICT CENTRE FOR VOLUNTARY SERVICE NOTF.S TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 Iyet (expenditure)lincome Net (expendilure)/income for the year is stated after chargingl(crediting): 2024 2023 Independei)t Examiner's Fees 550 550 Directors and key management personnel During the vear irustees did not receive reinuneration The key nianagemeni personnel of the charity consisl of ihe Irustees, the Chief Executive Officer and other members of the senior management team. 10 Eniployee5 The averagje Inonthly number of persons employed during ihe y¢ar was Year to 31 March 2024 No Year to 31 March 2023 No Direct Charilable SialT Adiiiinislratioii No emplovee earned more than £60,000 per annum. No truslees were reimbursed for expenditure. ILKESTON & DISTRICT CENTRE FOR VOLUNTARY SERVICE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 20?4 l. Creditors: 2024 2023 Other creditors Payroll HM Revenue and Customs Other Loans 875 317 158 506 1.192 664 13- ILKESTON & DISTRICT CENTRE FOR VOLUNTARY SERVICE. YEAR ENDED 31 MARCH 2024 Independenl Examiner's Report lo the Ilkeston & Dislrici Cenlre for Volunlarv Serviees I report on the accounts ot the charity for the year ended 31 March ?024 which are set out on pages 6 to 14. Respe¢live responsibilities of truslees and exam iner The iriistees (i%,lio are also Ihe directors of the companj. for the purposes of company law) are re4ponsible for Ihe preparatioii ol. tlie accouiits. The Irustees consider Iliat an audit is not required for Iliis leai. linder seLtii)11 144{:) of the Charilies Act 2011 (Ihe 201 l Act) and that an independent exam inatioi) is needed. Hai'ing satisfied in) self ihaiihe charit￿. is not subjecl toan audit iindercompan). law and is el igible for independeiil exain inalion. il is iny responsibility to.. examine the accouiits uiider section 145 of the 201 l Acl. follo￿. the procedures laid down in the general Directions given by ihe Charity Cominission (undersection 14SIS){b) ofthe201 l Acl. asaniended). and stale whetl)er particular matters have come to m) atleiition. Basis of independent exam iner's stgtemenl MN e.Kaininalion was carried oul in accordance witli general Directions gyiven by ihe Charity Comniissinn. An Lxaiiiiiiatioii iiiLILides a review of the accounting records kepi bN the charity, anda coinparisoii ol. Ihe accouiits prL'scnted i¥ith iliose records. It also ii)cludes consideration of any unusual iteins or disclosiire5 in the accounts and seeking) e.xplanations troin )'oii as Irii4tee.% L()nLerning any such matters. I'l)e procedures undertaken do iiot pr()vide all the evidence ihal would be required in an audit. and ci)n%cqu¢iitly Tio cipinion is giiven as Io Vi'hether ihe accounls present a 'true and fair view" and Ihe rcport is liniited to Ihose matters set out in the stateinent below. Independent examiner's slatement In connection wilh inv exainination. no Inaller has come to my attenlion: Which gives ine reasoiiable cause io believe that, in any material respect. the requirements to keep accountin&7 records in accordance ￿.]lh seclion 130 of the Act. and to prepare accoiinis ivhich accord with the accounting records. comply with ihe accounting rcquireiiienis of Ilie Act: or to which, in m), iipinion. attenlion should be drawn in ordertoenable a proper iinderslanding of the accounts to be reached. Signed: Date.. Naine.. K)'In L Needham FMAAT AA TQB Address.. KLN AcLountancJ' Services Ltd -? Basford House Derbi Road Heanor Derbyshire DE75 7QL 14-