ILKESTON & DISTRICT CENTRE FOR VOLUNTARY SERVICES FINANCIAL STATEMENTS FOR 31 MARCH 2025 Charity Number514860
ILKESTON & DISTRICT CENTRE FOR VOLUNTARY SERVICE FINANCIAL STATEMENTS YEAR EIYDED 31 MARCH 2025 Contenls Page Members ofthe board and professional adviser Ti'uste¢s' annual report Independent exaininei's report Statement of financial activiti¢s Balance Sheet Notes to the financial statemenls 8-13
ILKESTON & DISTRICT CENTRE FOR VOLUNTARY SERVICE MEMBERS OF THE COMMITTEE YEAR ENDED 31 MARCH 2025 The board of trustees Chair & Treasurer.. Mr J. H. Cam M.R.PhaNnS Trustee: Mrs. L.Beresford Registered offiee IDCVS Flamsteed Centre Albert Street Ilkeston DLrbyshire DF7 5GU Independent Kxaminer KLN Accountancy Services Ltd 1-2 Basford Housc Dei'by Road Hcanor Dcrbyshire DE75 7QL
ILKESTON & DISTRICT CEINTRE FOR VOLUNTARY SERVICE YEAR ENDED 31 MARCH 2025 TRUSTEES ANNUAL REPORT The trustees have pleasure in pycsenting their report and the Uliaudit financial slateinents of the Charity for the year ended 31 March 2025. OBJECTIVES l. To promote any chai'itable purposes for the benefit of the communiiy of Ilkeston and districtand in particularthe advancementof education, thefurtheranceofhealthandihe relief of povcrty, dislress and sickiiess. 2. To pi'omote and organise cooperation in the achievenienl ofihe above purposes and to that end to bring together voluntary organisations and member5 of the community to be engaged in the furtherance of the above purposes within the area ofbenefit. SUMMARY OF THF MAIN A1VITIEs UNDERTAKEN FOR THE PUBLIC BENEFIT IN RELATION TO THESE OBJECTS Iii planning our activities for the year, we kept in mind (he Charity Commissions guidance on public benefit at our trustees meetings. Ilkeston & District Centre for Voluntary Services is open lo all individuals irrespective of i?ce, gendei. or oiher peisonal circumstances. FINANCIAL ACTIVITIES AND RESULTS The results forthe year, and the charity's financial position at theend ofthe year, are shown in the attached financial statements. RESLRVCS The Association aims to build up reserves lo cover 3 months operalingcosts in the event of a drop in income. Reserves held as at March 31" 2025 were £9,632.00
ILKESTON & DISTRicf CENTRE FOR VOLUNTARY SERVICE YEAR ENDED 31 MARCH 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Ilkeston & Districi Centre for Volunlary Services is a registered charity, nuinber 514860, Th¢ charity's governing document is a conslilution adopted on 27 February 2(N)7 as amended on 29 May 2007 and Api'il 2009. The chaiity's registered office is, l DCVS Flamsteed Centre. Albert Street, Ilkestoii, Derbyshire, DE7 SOU Trustee seleetion me¢hods Tlie Charity undertakes, when the need arises, a skills audit to ddcrmine the requir¢ments of the trustee body. It. a skill shortage is id¢nlified, dpproacli¢s are nia(le lo specific people idenli fied <lS having these skills Risk mwthagement policy The trustees examine the major risks thal the charity faces each financial year when preparing and updating the strategi¢ plan. The charily has developed syslems to Inoiiilor and control thes¢ risks to mitigate any impact that they may have on Ihe charity in the future. Registered offic¢,' IDCVS Flanisteed Cenlr¢, Albert Street, Ilk¢slon, Derbyshire, DE7 5GU Signed on behalf of trustees Mr Jolin H Cam M.R.PhamiS Chair & Treasurer
ILKESTON & DISTRICT CENTRE FOR VOLUNTARY SERVICE YEAR ENDED 31 MARCH 2025 Independent Examiiier's Report to th¢ Ilkeston & Di5triet Ctntre for Voluntary Services I report on the accounts ot-the charity foi. the year ended 31 March 2025 which are set out on pages 6 to 13. Respectlve responslbilities of trustee5 and examiner The trustees (who aye also the directo of th¢ company for the purposes of company law) are Irsponsible for ihe prepai'ation of the accounls. The trusle¢s consid¢r that an audit is not required foi. this year under section 144(2) of the Charilies Act 2011 (the 2011 Act) and that an Andepcndent exainination is needed. Having5atisfied myself that the charity is notsubjecl to an audit undercompany law and iseligible for independent examination, it is my responsibililyto: eX¢iinitlL the accounts uiid¢i- seclioi) 145 of Ilie ?0 I l Act. follow the pi'ocedures laid down in Ihe general Directions given by ihe Charity Commission (underscction145(5)(b) ofthe 201 l Acl, as amended); andstate wheiher particular mattels have coine Éo Iny attention. BASIS of Indei)tndent exxmlner's stAternettt My exainiiiation was carried oiit in accordance wilh general Directions given by the Charity ComTni55ion. An examination includes a review of the accounling recoi'ds kepi by the chariiyand a coinparisoii of the accounls presLnted with those records. It also includes consideration of any unusual items ordisclosures in th¢ accounts and seeking explanations froim you aslrustees concerning any such mallers. The procedures undertaken do not provide all Ilie evidence that would be required in an audit, and consequently no opinion is given as lo whether the accounls present a true and fair view" and the report is limited to those inatters set out in the statemenl below. Independenl examin¢r'$ stfitemtnl In connection with my examination, no malter has come to my attention; Wliich gives me reasonable cause lo believe ihat, in any malerial respect, the reqiiirements to keep accounting records in aordanCe wilh section 130 of the Act; and to prepare accounts which accord with the accounting records, comply with the accounting requirements of the Act; or to which, in my opinion, attention should bedrawn in order toenable a proper understanding of th¢ accounts to be reached. Dat¢: JQ.02. Qts Signed: Name: Kym L Needham FMAAT AATQB Addi'ess: KLN Accouiitancy Serviees Ltd 1-2 Basford House Derby Rd Heanor Derbyshire DE75 7QL
ILKESTON & DISTRICT CENTRE FOR VOLUNTARY SERVICE STATEMENT OF FINANCIAL ACTIVITY YEAR ENDED MARCH 312025 Total Funds Year to 31 Mar 2025 Total Funds Yearto31 Mar 2024 Unreslri¢ted Funds Restricled Funds Note Income from: Generatcd funds Donations Grants i'eceivable 28.857 28,857 iio 6,510 21,421 58,037 Othei. iiicome Iiivestmcnt i iicome 67,090 67,090 Total incoming resources 96.058 96,058 85,969 Expenditure on: Raising funds Chai'itable activities TotAI resource$¢xpended 88,813 88,813 88,813 88,813 95,313 95,313 Net Incomlngl(outgoln%) resour¢¢$ before Éransfers 17,245) 17, 245) (9,344) Transfer between t.unds Net iiicomlng/(outgoing) Rcstsurees for the year Balances brought forward Balances can'i¢d forward (7,245) 2,387 (7,245) 2,387 (9.344) 11,731 9,632 9,632 The charity has no recognised gains or losses other Ihan the results for ihe year as set out above. All of the activities of ihe charity are classed as conlinuing. The notes on pages 8 to 13 form part of these financial Statements.
ILKESTON & DISTRICT CENTRE FOR VOLUNTARY SERVICE BALANCE SHEET 31 Marth 2025 2025 2024 Note Fixed assets Tangible assels Current assets Cash at bank and in hand 10,615 3,579 Credltors: amounls falling due wlthin one year (983) (I,l92) Ntt eurrent as8¢1s 9,632 2.387 Total assels less current liabiliti¢s 9,632 2,387 Net as$elsl(liabililies) 9.632 2,387 Funds Restricted General R&5erves 2,387 TOTAL FUNDS 2,387 The financial statemenls were approved by the members of thc committee on the and signed on their behalf by: Mr Johii H Cam M.R.PhannS Chair &Treasurer The noles on pages 8 to 13 foyjn part of these financial $tAtements.
ILKESTON & DISTRICT CENTRE FOR VOLUNTARY SERVICE NOTES TO THE FI]YANCIAL sfATEMENTS YEAR ENDED 31 MARCH 2025 Accounting policies The principal accounting policies adopted, judgements and key source5 of estimation uncertainty in the preparation of the financial statements are as follows: Charity information I Ikeston & District Centre for Volunlary Service. The Charity's registered office is l DCVS Flamsteed Cenlre, Albert Street, Ilkeslon, Derbyshire, DE7 5GU. Ai the end of the year theiE were 4 Trustees .1 Accounting eonvention These accounts have been prepared in accordance with FRS 102, 'The Financial Reporting Standard applicable in Ihe I_IK and Repiiblic of Ireland" {"FRS 10?").. 'AccoLJnling and Repoiting by Charities the Siatement ofRecoininended Praclice forcharities applying FRS 102, the Companies Aci 2006 and UK Generally Accepted Accounting Pi'aclice as it apples from l January 2015. The charity is a Public Benefit Entity as defined by FRS 102. The accounts are prepared in Sterling which is the functional currency of the charity. Monetary amouiits iii tli¢s¢ financial 5tateinents 10 Ihc ncairst £. The accounts have been prepared on historical cost convenlion apart from freehold property that iscarried almarket value. The principal accounting policies adopted are setout below, The accounts for the ycar ended 31 March 2025 are prepared in accordance with FRS 102, The Financial Reporting Siandard applicable in the UK and Republic of Ireland. Thedate of ti'ansition to FRS 102 was l April 2015. 1.2 Golng eon¢ern At the time of approving the accounts, Ihe trustees have a reasonable expectation Ihat the chai'ity has adequate resoui'ces to continue in operational existence for the foreseeable future. Tlius the Ti'ustecs continue to adopt the going concern basis of accounling in pirpai'ing the accounts. ,3 Charitable Funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of the genei'al objectives of ihe charity. Desigiiated funds are unrestricted funds earmarked by the trustees for particular purposes. Restricted funds are subjected to restrictions on their expendilure imposed by the donor or thIUgh the tei'ms of an appeal. 1.4 Incoming resources All incoming resources are included in the SOFA when the charity is legally entitled to the income aiid the amount can be quantified with reasonable accuracy. Gifts in kind have been included al market valueofgifts received and in assels acquired. Noamounls are included in the financial statements for services donated by volunteers.
ILKESTON & DISTRICT CENTRE FOR VOLUNTARY SERVICE NOTES TO THE FINANCIAL STATEMEIYTS YEAR ENDED 31 MARCH 2025 1.5 Resources expended All expenditure is accountcd for on an accruals basis and has been classified under headings that aggregate all costs relating to ihe calegory. Where costs cannoi be directly attributed io paiticular headings, they have been allocated lo activities on a basis consistent wilh use of the resources. Fund-raising costs are those incurrcd in seeking voluntary contributions and do not include the costs of disseminating informalion in the support of the charitable activities. 1.6 Debtors Tradc and otl)er debtors are recognised at the s¢ttl¢menl amouni due after any trade discounts offered. Pr¢payments are valued at the amount prepaid net of any trade discounts due. .7 Cash and cash equivalents Cash aiid cash equivalents includ¢ cash in hand. deposits held at call with banks, other short• tenn liquid investmenls with original malurities of three nionths or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.8 Creditors and provislons Ci'editors and provisions are recognised where the Charity has a prcscnl obligation I'esultin froin a past event that will p-obably resuli in Ihe transfer of fiinds to a Ihird party and ihe amount diie to settle the obligation can be measured or estiinated reliably. Creditors and provisions ait normally recognis¢d at their setllement ainouiit after allowing for any trade discounls due. 1.9 Fiiiancial inslriimenls The charity has financial assets and financial liabilities of a kind that qualify as basic financial instriinienls. Basic financial instruments are inilially recognised at Iransaction value and subsequently measiired at their settlement value. Derecognlllun ofjliianelol liabiiiiles Financial liabilities are derecognised when the charity's contraclual obligations expire or are dischai'ged or Ciinoelled. 4 mployee benefits The cost of any unused holiday eiititlement is recognised in the period in which the employee's services are received. Terminalion bcnefits are recogniscd immediately as an expense when the chai'ity is demonstrably roinmitted to terminate the employment of an employee or to providc t¢rmination b¢n¢fits. Tgxatlon The charity is exempt from tax on IT]come and gains falling with section 505 of the Taxes Acl 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied lo its charitable objects.
ILKESTON & DISTRICT CENTRE FOR VOLUNTARY SERVICE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 1.1 l Depreciation Individual fixed assets costing £5,000 or more are Lapilalised at cosl and are deprecialcd over their estimatcd usetul economic lives on a slraight line basis a5 lollows:. Assel category Annual rate Equipmcnt 2011/0 Critical accounting estimates and judgements In the uppliLaitiun vl" Ihe charity's accounling policie& the Irustees are required mak¢ judgements. estimates and &ssumptions about the carying amouni of assels and liabilities that are not rcadily apparent fi'om oihcr sources. Th¢ cslimated and associaled assurnptions are ba.ged ()p hi%iorical cxpei-ience anil oiher fiiclnrs Ihal are considered lo be r¢l¢vanl. ALlual i'esulis muy diller from Ihese estimates. Voluntary iiitome Toial funds Year to 31. YeAr to 31, Marcli 2025 MArch 2024 Unres¢rl¢ted Reslrlcted Funds Fuiids Donations 28,857 28,857 6,510 4 Grfints recciv#ble Total Funds Year to31 Mar 2025 Unrestrlcted Funds Restrieted Fuiids Year to 31 MAr 2024 D¢rbyshire Counly Council Othcr 110 20,477 944 21,421 S In¢¢res¢ receivable Yexr to 31 Mar 2025 Year to 31 M4r 2024 Bank interest re¢¢ivable -10-
ILKESTON & DISTRICT CENTRE FOR VOLUNTARY SERVICE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 Detailed Pi'ofil & Loss Account foT the year ended 3111 March 2025 Income 31.03.25 31.03.24 Days Centre Hall Hii'e Donali0115 Grants Office Hire Baiik Ii)ieresl 52.667 10,423 28.857 45.669 7.908 6,510 21,421 4.460 4,000 96 Ixpenlllture Rent Light, heal & water Repaii's lo pi'opei'ly Wages HMRC 9.625 8,687 1,300 41,286 6,119 4.189 2.5¢)0 124 7,360 6.528 2.391 41,413 7.163 3,897 1.868 517 PeilSIOIIS Telephone & Internel Posi & slalionery Day centi'e ¢osl$ Lquipmenl Wisle disposal Household & cleaning Sundry expenses Accouniancy PIDf. fees & insurince TraininJJ 11.068 1,089 780 258 14.096 3.2711 1,298 990 891 550 2.239 834 550 1,238 EXCESS OF EXPIINDITURE OVER INCOME ExpendilLire on charitable activities was-
ILKESTON & DISTRICT CENTRE FOR VOLUNTARY SERVICE iYOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 8 Net (expendilure)lincome Net {exp¢nditure)/income for the year is stated after chargingl(crediting): 2025 2024 Independent Examinerfs Fees 550 550 Directors and key monAgement personnel During the year trustees did not receive remuneration The key management personnel of the charity consist ot-the trustees. the Lhiet- x¢cUl1Ve Olt'icei. and other members of the senior Inanag¢menl leain. 10 Employees The avei'age monthly number of peInS employed during the year was Year to 31 MArch 2025 Year to 31 March 2024 Direct Charitable Staff Adminislration No employee earned more than £60.000 per aiinum. No tru5t¢e5 were reiinbursed for expenditure.
ILKESTON & DISTRICT CENTRE FOR VOLUNTARY SERVICE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 l. Creditors: 2025 2024 Other credllors HM Revenue and Cusloms Pension Other Loans 600 383 875 317 983 1.192 13-