Charity registration number 1107942
Company registration number 05329651 (England and Wales)
THE VOLUNTEER CENTRE-CHESTERFIELD AND NORTH EAST DERBYSHIRE
( A COMPANY LIMITED BY GUARANTEE)
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
THE VOLUNTEER CENTRE-CHESTERFIELD AND NORTH EAST DERBYSHIRE
( A COMPANY LIMITED BY GUARANTEE)
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
S J Bratt (Treasurer)
E M Marsden
S E Rogers
Cllr K Sarvent ( Chair)
Cllr D Ruff
E Gilson
(Appointed 3 January 2023)
L Tory
(Appointed 3 January 2023)
P G Grinbergs
(Appointed 12 May 2023)
Secretary
Mr D A Radford
Charity number
1107942
Company number
05329651
Registered office
38 Knifesmithgate
Chesterfield
Derbyshire
S40 1RQ
Independent examiner
John Henry Francis King
FCCA
John H. F. King
Chartered Certified Accountants
119 High Street
Clay Cross
Chesterfield
Derbyshire
S45 9DZ
THE VOLUNTEER CENTRE-CHESTERFIELD AND NORTH EAST DERBYSHIRE
( A COMPANY LIMITED BY GUARANTEE)
CONTENTS
Page
Trustees' report
1 - 5
Independent examiner's report
6
Statement of financial activities
7 - 8
Balance sheet
9
Notes to the financial statements
10 - 19
THE VOLUNTEER CENTRE-CHESTERFIELD AND NORTH EAST DERBYSHIRE
( A COMPANY LIMITED BY GUARANTEE)
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2023
- 1 -

The trustees who are also directors of the charity for the purposes of the Companies Act 2006 present their annual report and financial statements for the year ended 31 March 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

The charity's principal activities and aims are to promote, support and develop volunteering in Chesterfield and North East Derbyshire. We aim to make a positive impact on the quality of the volunteering experience for individual volunteers and organisations that work with them.

 

As a Volunteer Centre in Derbyshire, we all support our communities by:

 

Promote volunteer opportunities and introduce those offering to volunteer to local organisations (Brokerage).

Development of volunteer opportunities

Voice of volunteering

Strategic development of volunteering

Share good practice and improvement

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit.

 

THE VOLUNTEER CENTRE-CHESTERFIELD AND NORTH EAST DERBYSHIRE
( A COMPANY LIMITED BY GUARANTEE)
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 2 -

Significant activities

The Volunteer Centre-Chesterfield and North East Derbyshire run the following services in the community:

ELDERFRIENDS BEFRIENDING SERVICE

 

Elderfriends is a face to face befriending project which provides a service to lonely and socially isolated people. The volunteer service currently provides a service to over 120 individuals and has recruited around 100 volunteers. The pandemic has exacerbated the problem for this client group and we expect the number of referrals to dramatically increase. The Elderfriends project is solely funded by Adulty Care Derbyshire after funding from the Big Lottery Community Fund finished in July 2022.

 

SAFE & SOUND

 

Safe & Sound has been funded by a variety of funders during its life span and it remains a popular project with both clients and service users alike. Sadly, as things stand, the project has no direct funder and is being run through the Centre's reserves. Further direct funding is being sought.

 

HOME FROM HOSPITAL

 

Now into its fifth year the 'Home From Hospital' project was a tender secured by the Volunteer Centre network which operates across Derbyshire. The project provides a six-week care and support package to individuals who have recently been discharged from hospital, or to prevent someone from being admitted to hospital. Chesterfield is one of five Volunteer Centres across the country involved in this project and, because we cover two local authority areas, we are by far the busiest. The project itself is funded by Derbyshire County Council.

 

 

VOLUNTARY SECTOR AWARDS

 

In 2013, The Volunteer Centre gave birth to the Voluntary Sector Awards. A celebratory evening looking to reward and recognise the fabulous work carried out by local volunteers and the organisations that work with them. The night has gone from strength to strength with an ever increasing number of categories. It's also a great chance for people from across the sector to get together and let their hair down and feel good about the terrific work they have done over the year. With Awards being sponsored by the private sector it's also a good chance to showcase themselves to a different section of the community.

 

CORE - INFRASTRUCTURE ACTIVITIES

 

The main services offered by The Volunteer Centre are to provide a bespoke brokerage service to individuals looking to access a volunteering roll or from a Volunteer Involving Organisation (VIO) looking for advice or information about the specifics surrounding volunteer recruitment and engagement. These are services we have always provided but have never been adequately recompensed for. Following on from the removal of our befriending funding it was decided that Chesterfield Volunteer Centre should fall in line with other Centres in the country and be awarded such funding. We were therefore delighted when the Clinical Commissioning Group announced they would fund these activities in line with the rest of the County. On average the Volunteer Centre sees over 2,500 potential volunteers a year and has contact with organisations on around 3,500 separate occasions. We are the busiest Centre in Derbyshire outside of Derby City.

Achievements and performance

Charitable activities

During the year the charity continued to run services as outlined under Objectives and activities above.

THE VOLUNTEER CENTRE-CHESTERFIELD AND NORTH EAST DERBYSHIRE
( A COMPANY LIMITED BY GUARANTEE)
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
Financial review

Financial position

Total income increased in the year from £162,361 to £163,602. Expenditure increased in the year from £127,509 to £132,309 giving net income of £31,293 (2022: £34,852).

The charity had funds carried forward at 31st March 2023 of £360,547 (2022: £329,254) of which £143,655 (2022: £135,363) are restricted funds and £216,892 (2022: £193,891) are unrestricted funds.

 

Principal funding sources

Principal funding sources for the charity for 2022/23 were by way of grants from major funding sources and ongoing tenders from The Clinical Commissioning Group, Derbyshire County Council and The Lottery Community Fund.

Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

Reserves policy

The Board of Trustees has examined the charity's requirements for reserves in light of the main risks of the organisation, including the risk of existing income streams not continuing beyond their current anticipated date of cessation. It has established a policy whereby the unrestricted funds neither committed or restricted to achieving the charity's aims and objectives, nor set aside for other specific purposes, should amount to no less than three months of the total running costs of the Centre, approx. £33,000. At 31st March 2023 free reserves amounted to £125,892 (2022: £102,891), which is after designating funds of £91,000 (2022: £91,000), and is above the required level. However, maintaining and where possible, improving the level of reserves is increasingly important given the uncertainty that exists in the volunteering sector, coupled with the worsening in recent times of general economic conditions. The trustees are therefore satisfied that the level of reserves held is appropriate.

Structure, governance and management

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

 

Charity constitution

The Volunteer Centre-Chesterfield and North East Derbyshire is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association dated 11th January 2005 and is a registered charity number 1107942.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

S J Bratt (Treasurer)
C Harper
(Resigned 12 May 2023)
E M Marsden
S E Rogers
Cllr K Sarvent ( Chair)
Cllr D Ruff
J Briggs
(Resigned 6 August 2022)
C Rebora
(Resigned 22 July 2022)
S Hanson
(Resigned 22 July 2022)
N Rebora
(Resigned 2 January 2023)
E Gilson
(Appointed 3 January 2023)
L Tory
(Appointed 3 January 2023)
P G Grinbergs
(Appointed 12 May 2023)
THE VOLUNTEER CENTRE-CHESTERFIELD AND NORTH EAST DERBYSHIRE
( A COMPANY LIMITED BY GUARANTEE)
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 4 -

Recruitment and appointment of new trustees

The charity has a board of up to fifteen ( but never less than six) trustees elected by and from the membership. The trustees of the company are also directors for the purpose of company law. Under the requirements of the Memorandum and Articles of Association the board of trustees are elected at each Annual General Meeting to serve for one year only. At the end of this period they can stand down or stand for re-election at the following Annual General Meeting.

The board of trustees may at any time fill casual vacancies on the board by co-option, provided that such co-opted persons are also members of the company; provided also that they do not number more than one third of the total number of the members of the board, and their appointment comes to an end at the next annual general meeting following their co-option.

Due to the nature of The Volunteer Centre's work, the board will seek to ensure that the various needs of the client group are appropriately reflected through the diversity of the trustee body. To enhance the potential pool of trustees, the charity will, through selective advertising, seek to identify new board members to widen and strengthen the existing skills mix.

Organisational structure and decision making policies

The Volunteer Centre has a board of trustees of up to fifteen people who meet every six weeks and are responsible for the strategic direction and policy of the charity. The board consists of a number of people from a variety of professional backgrounds relevant to the work of the charity. The secretary also sits on the board but has no voting rights.

The board is responsible for ensuring that the charity delivers the services specified. The manager has responsibility for the day-to-day operational management of the Centre, individual supervision of the staff team and also ensures the team continue to develop their skills and working practices in line with good practice.

 

Induction and training of new trustees

All trustees will be encouraged to attend training which will benefit themselves as trustees. They will also undergo a short induction into the work of the Centre.

 

Related Parties

The charity is guided by local and national policy. At a national level, The Volunteer Centre- Chesterfield and North East Derbyshire, is a member of NCVO/ Volunteering England. As a local infrastructure organisation the charity is an active member of the Derbyshire Volunteer Centres network and feeds into all the local infrastructure provision.

 

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

 

Plans for future periods

The charity plans to continue the activities outlined in the forthcoming years subject to satisfactory funding arrangements. We will also continue to represent the voluntary sector on various platforms and support organisations and volunteers to the best of our ability.

 

Supplier payment policy

The charity's current policy concerning the payment of trade creditors is to follow the CBI's Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1DU).

 

The charity's current policy concerning the payment of trade creditors is to make payment when a valid invoice has been received.

 

There were no trade creditors at the year end.

 

THE VOLUNTEER CENTRE-CHESTERFIELD AND NORTH EAST DERBYSHIRE
( A COMPANY LIMITED BY GUARANTEE)
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 5 -
Statement of trustees' responsibilities

The trustees, who are also the directors of The Volunteer Centre-Chesterfield and North East Derbyshire for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

 

Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

 

In preparing these financial statements, the trustees are required to:

 

- select suitable accounting policies and then apply them consistently;

 

- observe the methods and principles in the Charities SORP;

 

- make judgements and estimates that are reasonable and prudent;

 

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

 

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees' report was approved by the Board of Trustees.

Cllr K Sarvent ( Chair)
Trustee
22 September 2023
THE VOLUNTEER CENTRE-CHESTERFIELD AND NORTH EAST DERBYSHIRE
( A COMPANY LIMITED BY GUARANTEE)
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE VOLUNTEER CENTRE-CHESTERFIELD AND NORTH EAST DERBYSHIRE
- 6 -

I report to the trustees on my examination of the financial statements of The Volunteer Centre-Chesterfield and North East Derbyshire (the charity) for the year ended 31 March 2023.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1

accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

2

the financial statements do not accord with those records; or

3

the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4

the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

John Henry Francis King
FCCA
John H. F. King
Chartered Certified Accountants
119 High Street
Chesterfield
Derbyshire
S45 9DZ
Dated: 22 September 2023
THE VOLUNTEER CENTRE-CHESTERFIELD AND NORTH EAST DERBYSHIRE
( A COMPANY LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2023
- 7 -
Current financial year
Unrestricted
Restricted
Total
Total
funds
funds
2023
2023
2023
2022
Notes
£
£
£
£
Income from:
Donations and legacies
3
28,094
134,612
162,706
161,713
Charitable activities
4
-
494
494
645
Investments
5
402
-
402
3
Total income
28,496
135,106
163,602
162,361
Expenditure on:
Raising funds
6
-
309
309
1,435
Charitable activities
7
4,995
127,005
132,000
126,074
Total expenditure
4,995
127,314
132,309
127,509
Net incoming resources before transfers
23,501
7,792
31,293
34,852
Gross transfers between funds
(500)
500
-
-
Net income for the year/
Net movement in funds
23,001
8,292
31,293
34,852
Fund balances at 1 April 2022
193,891
135,363
329,254
294,402
Fund balances at 31 March 2023
216,892
143,655
360,547
329,254

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
THE VOLUNTEER CENTRE-CHESTERFIELD AND NORTH EAST DERBYSHIRE
( A COMPANY LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2023
- 8 -
Prior financial year
Unrestricted
Restricted
Total
funds
funds
2022
2022
2022
Notes
£
£
£
Income from:
Donations and legacies
3
15,506
146,207
161,713
Charitable activities
4
30
615
645
Investments
5
3
-
3
Total income
15,539
146,822
162,361
Expenditure on:
Raising funds
6
287
1,148
1,435
Charitable activities
7
(1,542)
127,616
126,074
Total expenditure
(1,255)
128,764
127,509
Net incoming resources before transfers
16,794
18,058
34,852
Gross transfers between funds
20,617
(20,617)
-
Net income for the year/
Net movement in funds
37,411
(2,559)
34,852
Fund balances at 1 April 2021
156,480
137,922
294,402
Fund balances at 31 March 2022
193,891
135,363
329,254
THE VOLUNTEER CENTRE-CHESTERFIELD AND NORTH EAST DERBYSHIRE
( A COMPANY LIMITED BY GUARANTEE)
BALANCE SHEET
AS AT 31 MARCH 2023
31 March 2023
- 9 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
11
1,215
1,823
Current assets
Debtors
12
2,178
2,823
Cash at bank and in hand
369,046
362,456
371,224
365,279
Creditors: amounts falling due within one year
13
(11,892)
(37,848)
Net current assets
359,332
327,431
Total assets less current liabilities
360,547
329,254
Income funds
Restricted funds
14
143,655
135,363
Unrestricted funds
Designated funds
15
91,000
91,000
General unrestricted funds
125,892
102,891
216,892
193,891
360,547
329,254

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2023.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 22 September 2023
S J Bratt   (Treasurer)
Cllr K  Sarvent   ( Chair)
Trustee
Trustee
Company registration number 05329651
THE VOLUNTEER CENTRE-CHESTERFIELD AND NORTH EAST DERBYSHIRE
( A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 10 -
1
Accounting policies
Charity information

The Volunteer Centre-Chesterfield and North East Derbyshire is a private company limited by guarantee incorporated in England and Wales. The registered office is 38 Knifesmithgate, Chesterfield, Derbyshire, S40 1RQ.

1.1
Accounting convention

The financial statements have been prepared in accordance with the charity's [governing document], the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

 

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4
Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
THE VOLUNTEER CENTRE-CHESTERFIELD AND NORTH EAST DERBYSHIRE
( A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 11 -
1.5
Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

 

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
4 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7
Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

THE VOLUNTEER CENTRE-CHESTERFIELD AND NORTH EAST DERBYSHIRE
( A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 12 -
Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.9
Taxation

The charity is exempt from corporation tax on its charitable activities.

1.10
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12

Donated Services

General Volunteers

The contribution of general volunteers cannot be measured reliably and therefore is not included as income within the charity accounts. The work of general volunteers is however fundamental for the continuance by the charity of its charitable activities.

2
Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

THE VOLUNTEER CENTRE-CHESTERFIELD AND NORTH EAST DERBYSHIRE
( A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 13 -
3
Donations and legacies
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2023
2023
2023
2022
2022
2022
£
£
£
£
£
£
Donations and gifts
28,094
10
28,104
15,506
-
15,506

Grants

-
134,602
134,602
-
146,207
146,207
28,094
134,612
162,706
15,506
146,207
161,713
Grants receivable for core activities
Elderfriends
-
17,036
17,036
-
17,036
17,036
Clinical Commissioning Group
-
22,942
22,942
-
22,561
22,561
Home From Hospital
-
39,249
39,249
-
44,386
44,386
Infrastructure DCC
-
48,167
48,167
-
23,471
23,471
Lottery Community Fund
-
-
-
-
25,553
25,553
NEDDC
-
5,000
5,000
-
5,000
5,000
PLACE
-
-
-
-
5,000
5,000
V C Awards
-
1,050
1,050
-
3,200
3,200
Other
-
1,158
1,158
-
-
-
-
134,602
134,602
-
146,207
146,207
4
Charitable activities
2023
2022
£
£
Sales within charitable activities
494
645
Analysis by fund
Unrestricted funds
-
30
Restricted funds
494
615
THE VOLUNTEER CENTRE-CHESTERFIELD AND NORTH EAST DERBYSHIRE
( A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 14 -
5
Investments
Unrestricted
Unrestricted
funds
funds
2023
2022
£
£
Interest receivable
402
3
6
Raising funds
Restricted
Unrestricted
Restricted
Total
funds
funds
funds
2023
2022
2022
2022
£
£
£
£
Fundraising and publicity
Advertising
309
287
1,148
1,435
309
287
1,148
1,435
THE VOLUNTEER CENTRE-CHESTERFIELD AND NORTH EAST DERBYSHIRE
( A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 15 -
7
Charitable activities

Direct costs

Direct costs

2023
2022
£
£
Staff costs
91,699
81,581
Depreciation and impairment
608
608

Premises costs

16,003
15,928

Insurance

1,113
1,409

Light and heat

1,579
1,471

Professional fees

4,316
7,705

Telephone postage and stationery

3,576
2,679

Staff / volunteer expenses

10,047
11,739

Bank charges

243
533

Office equipment

545
670

Publications and subscriptions

441
11
130,170
124,334
Share of governance costs (see note )
1,830
1,740
132,000
126,074
Analysis by fund
Unrestricted funds
4,995
(1,542)
Restricted funds
127,005
127,616
132,000
126,074
Governance costs are Independent Examiner's fees £1,830 (2022 £1,740)
8
Trustees

There were no trustees' remuneration, expenses or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.

9
Employees

The average monthly number of employees during the year was:

2023
2022
Number
Number
Centre Manager
1
1
Project Co-Ordinators
2
2
Administration Assistant
1
1
Total
4
4
THE VOLUNTEER CENTRE-CHESTERFIELD AND NORTH EAST DERBYSHIRE
( A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
9
Employees
(Continued)
- 16 -
Employment costs
2023
2022
£
£
Wages and salaries
85,192
76,088
Social security costs
2,799
1,685
Other pension costs
3,708
3,808
91,699
81,581
There were no employees whose annual remuneration was more than £60,000.
10
Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

11
Tangible fixed assets
Plant and equipment
£
Cost
At 1 April 2022
2,431
At 31 March 2023
2,431
Depreciation and impairment
At 1 April 2022
608
Depreciation charged in the year
608
At 31 March 2023
1,216
Carrying amount
At 31 March 2023
1,215
At 31 March 2022
1,823
12
Debtors
2023
2022
Amounts falling due within one year:
£
£
Prepayments and accrued income
2,178
2,823
THE VOLUNTEER CENTRE-CHESTERFIELD AND NORTH EAST DERBYSHIRE
( A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 17 -
13
Creditors: amounts falling due within one year
2023
2022
£
£
Accruals and deferred income
11,892
37,848

Deferred income received from Derbyshire County Council included above amounts to £Nil (2022 £28,955).

THE VOLUNTEER CENTRE-CHESTERFIELD AND NORTH EAST DERBYSHIRE
( A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 18 -
14
Restricted funds
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
Movement in funds
Movement in funds
Balance at
1 April 2021
Incoming resources
Resources expended
Transfers
Balance at
1 April 2022
Incoming resources
Resources expended
Transfers
Balance at
31 March 2023
£
£
£
£
£
£
£
£
£
Lottery Community Fund
4,010
25,553
(22,951)
-
6,612
-
(3,701)
-
2,911
Elderfriends
56,204
17,036
(13,086)
-
60,154
17,036
(20,239)
-
56,951
Clinical Commissioning Group
8,344
22,561
(17,641)
-
13,264
22,942
(20,834)
-
15,372
Home From Hospital
16,473
44,386
(32,249)
-
28,610
39,249
(33,414)
-
34,445
Inman Charity
2,806
-
-
-
2,806
-
-
-
2,806
CBC Health & Wellbeing
4,338
-
(2,175)
-
2,163
-
(1,776)
-
387
CBC Covid-19
4,715
-
(1,756)
-
2,959
-
(2,913)
-
46
DCC Covid-19
2,696
-
(1,236)
-
1,460
-
(1,181)
-
279
Infrastructure DCC
5,238
23,471
(23,754)
-
4,955
48,167
(32,319)
-
20,803
NEDDC
2,500
5,000
(4,117)
-
3,383
5,000
(6,647)
-
1,736
Severn Trent
1,226
-
(1,339)
113
-
-
-
-
-
To Your Door
666
-
(764)
98
-
-
-
-
-
Various Old Funds
28,706
-
(51)
(28,655)
-
-
(500)
500
-
PLACE
-
5,000
(1,938)
-
3,062
-
(1,078)
-
1,984
Volunteer Centre Awards
-
3,815
(2,687)
-
1,128
1,544
(2,157)
-
515
MOD
-
-
(3,020)
7,827
4,807
-
(555)
-
4,252
Other One Off Funds
-
-
-
-
-
1,168
-
-
1,168
137,922
146,822
(128,764)
(20,617)
135,363
135,106
(127,314)
500
143,655
THE VOLUNTEER CENTRE-CHESTERFIELD AND NORTH EAST DERBYSHIRE
( A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 19 -
15
Designated funds
The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:
Movement in funds
Movement in funds
Balance at
1 April 2021
Incoming resources
Balance at
1 April 2022
Incoming resources
Balance at
31 March 2023
£
£
£
£
£
Redundancy
21,000
-
21,000
-
21,000
Running Costs
50,000
-
50,000
-
50,000
Premises
20,000
-
20,000
-
20,000
91,000
-
91,000
-
91,000
16
Analysis of net assets between funds
Unrestricted funds
Restricted funds
Total
Unrestricted funds
Restricted funds
Total
2023
2023
2023
2022
2022
2022
£
£
£
£
£
£
Fund balances at 31 March 2023 are represented by:
Tangible assets
1,215
-
1,215
1,823
-
1,823
Current assets/(liabilities)
215,677
143,655
359,332
192,068
135,363
327,431
216,892
143,655
360,547
193,891
135,363
329,254
17
Related party transactions

There were no disclosable related party transactions during the year (2022 - none).

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