REGISTERED COMPANY NUMBER: 03330062 (England and Wales)

REGISTERED CHARITY NUMBER: 1061713

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

COAST AND VALE COMMUNITY ACTION

Page

Reference and Administrative Details

1

Report of the Trustees

2

to

10

Report of the Independent Auditors

11

to

13

Statement of Financial Activities

14

Balance Sheet

15

Cash Flow Statement

16

Notes to the Cash Flow Statement

17

Notes to the Financial Statements

18

to

32

TRUSTEES

Mr R L Grunwell (resigned 14.2.25)

Mr G A Backhouse (resigned 14.2.25)

Mr A B G Pickering

Ms K Farrow

Mr G Baumann

Mr D T Warner MBE (Chair)

Mr R J T Walton

Dr M O Jackson (resigned 14.2.25)

Mr I Johnston (Chair of Finance)

COMPANY SECRETARY

Ms M L Bonney

REGISTERED OFFICE

The Street

12 Lower Clark Street

Scarborough

North Yorkshire

YO12 7PW

REGISTERED COMPANY NUMBER

03330062 (England and Wales)

REGISTERED CHARITY NUMBER

1061713

AUDITORS

Fortus Audit LLP

5 & 6 Manor Garth

Manor Court

Scarborough

North Yorkshire

YO11 3TU

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of 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

Objectives and aims

The Charitable Objects of Coast and Vale Community Action, as amended in March 2019, are to promote any Charitable Purposes for the benefit of the public, principally, but not exclusively, on the Yorkshire Coast and Rural Hinterland of the Borough of Scarborough and District of Ryedale in the County of North Yorkshire, and in the East Riding of Yorkshire (hereinafter called the area of benefit), and in particular by:

Building the capacity of local people and groups in such a way that they are better able to identify

and help meet their own needs, and participate more fully in society.

Promoting urban, rural and coastal regeneration through:

- The provision of enterprise advice and consultancy

- The provision of workspace, buildings and / or land on favourable terms

- The provision of community, cultural, social, recreational and leisure facilities, activities and/or

centres for community use; and

- Such other means as may from time to time be determined, subject to the prior written consent

of the Charity Commission for England and Wales

In furtherance of the above Objects, the Charity may assist other organisations established for the

benefit of said communities and promote co-operation and partnership working between all

sectors in the achievement of the above purposes within the area of benefit.

Our Strategic Vision is of thriving communities which are independent, entrepreneurial and connected.

Our Mission is:

-

to act as a catalyst for the support, development and empowerment of communities;

-

to support individuals and communities to have an increased sense of collective agency and

power and;

-

to promote co-operation and the achievement of common goals to improve quality of community

life for all.

Coast and Vale Community Action is committed to developing the local and social economy in the following ways:

-

Supporting local and social innovation and enterprise, and building the capacity of local

communities solutions to locally identified needs;

-

Enabling collective voice and agency, bringing people together to explore, discuss and take

collective action on local issues and;

-

Enabling access to facilities, resources and services for the benefit of communities

Our work falls into key delivery areas which support our belief that People and Places Matter:

-

People and Communities

-

Facilities and Resources

Coast and Vale Community Action operates as a charitable community enterprise, supporting and developing community led solutions to locally identified needs, delivering community conversations, community projects and other services including information, support and networking; and providing managed work and meeting space for VCSE organisations, public bodies and SMEs and community facilities including a music studio, climbing wall, event space and studios at The Street, Scarborough, Green Lane Centre, Whitby and the Hungate Centre, Pickering.

The overarching Strategic Aims of Coast and Vale Community Action are:

Strategic Objective One - People and Communities

Collaboration, collective agency and shared power : better connected, influential and engaged people and communities

-

To lead, facilitate and support communication, networking and partnership working between

local people and their communities

-

To assist individuals, communities and local organisations in working together to develop

shared resources, approaches and strategic influence

-

To promote and facilitate social and community action and innovation, to build the community

appetite and capacity for the self-delivery of community owned solutions

Strategic Objective Two - Facilities, Resources and Services

Better equipped, resourced and supported people and communities

-

To provide high quality managed workspace and other community venues to enable local, social

and community action and enterprise activity

-

To assist the further development of community owned and managed assets and services

-

To actively seek out and access additional resources to support and enable community activity

-

To assist in the development of thriving communities through the direct delivery of community

support initiatives

Foundation Objective - Values, vision and financial self-sufficiency

CaVCA is an independent, sustainable and resilient community catalyst

-

To ensure that CaVCA is fit for purpose, recognised as the community catalyst organisation

for the beneficial area and able to demonstrate quality and impact of provision

-

To further develop and maintain sustainable funding streams through earned income

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

The main areas of charitable activity undertaken by Coast and Vale Community Action to fulfil the above objectives are:

Strategic Objective One - People and Communities

Collaboration, collective agency and shared power : better connected, influential and engaged people and communities

-

To lead, facilitate and support communication, networking and partnership working between

local people and their communities

-

To assist individuals, communities and local organisations in working together to develop

shared resources, approaches and strategic influence

-

To promote and facilitate social and community action and innovation, to build the

community appetite and capacity for the self-delivery of community owned solutions

A core part of our work is to bring people together to share views and issues, identify common solutions, and build sustainable peer support networks in and between communities. We have continued to host 'Finding Our Voice' events aimed at helping local people to identify and articulate the issues that are important to them as well as to stimulate new community and social action. CaVCA has also continued to facilitate, and develop, the local Community Collective, a forum of leaders of local voluntary and community sector organisations, which provides peer support, collaboration opportunities and helping to ensure that local voices are heard within new health structures, the new unitary authority, North Yorkshire Council, and the Combined Mayoral Authority.

We have supported a range of activities as part of the Great Big Green Week and will continue to help communities to tackle the challenges created by climate change; we have worked with a range of partners to explore issues surrounding post-covid communities, cost of living increases, environmental change, waste and reuse and so on. This has been further strengthened by our exciting two year 'Waste Not Want Not' initiative, which has delivered regular workshops engaging local people with heritage skills which are at risk of being lost. We have continued to support GROW Scarborough with their work in our community garden, and wider throughout Scarborough. This also led to the development of a 15 month project to co-create a community mosaic for our garden celebrating nature, community and creativity - the finished artwork will be installed in the summer of 2025.

CaVCA Consultancy has also seen us supporting a range of organisations in areas such as asset transfer, funding strategy, business planning, succession planning, marketing and communications and so on. This work both enables the sustainability of CaVCA whilst also supporting a thriving local and social sector on the Coast.

We have continued to support the work of the Scarborough Business Ambassadors and its drive to raise aspirations and increase opportunities locally, and we also represent the community on the Scarborough Fair Steering Group and hold a place on the Scarborough Fund panel. We also represent CaVCA on the SeeChange partnership which is a cross sector partnership exploring health inequalities. We also attend the county wide VCSE Leaders Group to ensure we are up to date with new developments impacting upon our sector and its delivery. We are an active partner in the Yorkshire Policy Innovation Partnership (YPIP) which is an academic-led partnership working across the whole of Yorkshire to explore innovation in policy making.

Strategic Objective Two - Facilities, Resources and Services

Better equipped, resourced and supported people and communities

-

To provide high quality managed workspace and other community venues to enable local, social

and community action and enterprise activity

-

To assist the further development of community owned and managed assets and services

-

To actively seek out and access additional resources to support and enable community activity

-

To assist in the development of thriving communities through the direct delivery of community

support initiatives

During the year we have continued to operate our portfolio of community assets benefiting over 100 tenants and 1000s of sessional users over the period of the review. We have developed a new co-working space within the Street, Scarborough Works @ The Street, which provides comfortable friendly drop-in work space for those small businesses and sole traders who do not have dedicated office space but feel they would benefit from working some, or all, of the time amongst a work community.

In the autumn of 2024 we began the process of remodelling The Street's entrance and reception area to accommodate the new climbing wall, alongside a new branding and website redevelopment exercise. One of the findings of the branding exercise was that our formed reception area was not viewed as a place 'to dwell' - we wanted to change this. Once the reception area was relocated into the formed café area we immediately felt a change in the building, we created soft seating areas to make people feel more 'at home' and these have been replicated on the ground floor of the building. Street Rocks, our newly expanded climbing centre opened in January 2025 with climbers Steve McClure and Franco Cookson joining us for the celebrations.

We have continued to operate Green Lane Centre in Whitby and The Hungate Centre in Pickering, providing valuable community assets accommodating local enterprises, community activities and support services for local people.

Additionally, CaVCA delivers services where we are the best-placed organisation to do so, and where there are no alternative providers available locally. This has involved us in the following initiatives during the 2023-24 financial year:

Street Action, funded by the National Lottery Community Fund, began to deliver in June 2024 and hit the ground running with a project to brighten up Hope Street. The project aims to help local people to come together to take action on issues of importance to them and their communities, and also to celebrate their collective action.

During the year we entered into a partnership with North Yorkshire Council to provide migrant support across the County, with CaVCA being engaged to provide community development support in the Scarborough area. Designed to support both economic migrants, and refugees / asylum seekers, the project is due to commence in April 2025.

A wide range of local residents benefit directly from our services listed above and clients of many other local charities and VCSE organisations benefit from the work that we do in supporting and developing local groups.

In compiling this report the Trustees have given due regard to public benefit guidance published by the Charity Commission.

FINANCIAL REVIEW

Financial results

There was a satisfactory financial performance in year in line with the approved annual budget where we had anticipated a deficit due to the timing of funding.

The balance sheet shows total funds of £2,974,945 made up of a General Fund (unrestricted) of £405,391 and Restricted Funds of £2,569,554.

Principal funding sources

Coast and Vale Community Action's funding comes from four main sources:

-

Grants and contractual payments from statutory and other bodies.

-

Grants from charitable trusts and foundations.

-

Donations from individuals, local groups and firms.

-

Fees and charges including rental income and earned income.

Total income during 2024-25 was £758,268. Of this approximately 70.9% of funding (£537,724) was earned income generated by properties and core services, including rental income, consultancy services, contracts, investment income and donations / fees. This shows an decreased ratio of earned income/grant aid from 82.5% in 2023-24.

This is broken down as follows:

Rents received

£397,083

Consultancy income

£38,923

Contracts

£38,579

Investment income

£20,734

Donations

£20,157

Miscellaneous

£22,248

Grant aid (£220,544)

-

£43,537 from Heritage Lottery Fund

-

£9,941 from the Masonic Charitable Foundation

-

£9,992 from Innovate UK

-

£10,125 from Sport England

-

£14,105 from the UK Shared Prosperity Fund (via North Yorkshire Sport)

-

£34,904 from the National Lottery Community Fund

-

£97,940 from Charity Bank

CaVCA received no direct funding from national Government during the 2024-25 financial year.

Tangible fixed assets (freehold property and fixtures / fittings) are valued at £3,209,599 - an increase from 2023-24.

Long term borrowing secured against our freehold property is £591,115 which equates to approximately 18% of our total asset value. This figure is well within prudent loan/asset value ratios.

Reserves Policy

The Trustees consider that unrestricted cash reserves are required for the following reasons:

-

To enable Coast and Vale Community Action to maintain essential core functions for a period of six

months to allow time to adjust in the event of a significant reduction in anticipated or budgeted

income streams.

-

To provide for otherwise unfunded staffing-related costs such as parental leave, extended staff

sickness and redundancy payments; and for unforeseen compliance costs arising from existing or

new legislation and regulations.

-

To cover unforeseen expenditure relating to the Charity's physical asset base.

-

To provide funds of last resort in the event of unavoidable cost overruns of activities that cannot be

met from restricted funds and to maintain project continuity in the event of limited short term

funding gap

-

To pump prime new projects and initiatives when appropriate

A target figure of £300,000 free reserves has been set, to include £50,000 for maintenance of the physical asset base, and at 31st March 2025 the free reserves were £339,500 (total unrestricted reserves £405,391).

Going concern

CaVCA Trustees are confident that CaVCA is a going concern on the basis of an assessment of the risks and uncertainties outlined above, and on our reserves, asset value and independent income generation ability.

REMUNERATION POLICY

CaVCA Trustees determine staff remuneration with reference to the National Joint Council pay scales and the underpinning guidance on role alignment to grade.

PRINCIPAL RISKS AND UNCERTAINTIES

The main risk and uncertainty moving forward relates to maintaining and increasing levels of earned income.

FUTURE PLANS

CaVCA will continue to focus on delivery as a locally owned, managed and rooted social enterprise, investing in capacity building and development with the intention of developing resilience and sustainability within our local communities. CaVCA's role will be to assist local people in coming together to take action over issues of importance to the local area, stimulating community business, and enabling social cohesion.

During 2025-26 we will focus our delivery on:

-

Community capacity building and community development support, including helping local

communities to live well within the current cost of living crisis

-

Rasing the lesser heard voices of our residents and enabling community conversations about

matters of local importance

-

Supporting the VCSE sector to come together to collectively work for the support of our

neighbourhoods

-

Enabling social cohesion and local economic resilience through ongoing community

development practice

-

Developing Street Rocks as a beacon for climbing locally and a centre for raising

aspirations amongst young people

-

Maintaining and further developing our portfolio of managed workspace and community

facilities

In 2025-26 we will also continue to build on and develop new partnerships to influence local policies and plans, particularly those of statutory agencies following local government reorganisation and devolution, and we will promote community resilience in the light of changes to public sector funding, welfare reform, health and social care delivery, the coronavirus pandemic, and the ongoing economic climate. We will continue to be actively involved in the Scarborough Neighbourhood Board (which oversees the Plan for Neighbourhoods), Scarborough Fair, The Scarborough Fund and in the Yorkshire Policy Innovation Partnership. We will continue to develop CaVCA Consultancy as a fee-earning service providing specialist professional support services and we will also continue to host a range of community projects and actively seek to fill gaps in social provision. Further we will continue to develop the Totally Socially model as the 'CaVCA Way' embedded at the heart of all that we do; we will continue to seek out the voices of local people in relation to matters which are important to them and will develop the Community Research Network on the Coast; we will continue to deliver in support of a 'green' agenda, helping local people to recognise and utilise the skills at their disposal, maximising people's ability to reuse, recycle, share and reduce their reliance on depleting resources. We will help communities to understand and work collaboratively within the unitary council structure and the combined mayoral authority.

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.

Organisational structure

The Charity is governed by a Board of Trustees, which is elected by the members, and who are also directors of the Company. On becoming a Trustee, each Trustee is provided with an induction carried out under the direction of the Chair and Chief Executive. Training events and away days are arranged as and when required.

Trustees appoint a Chief Executive Officer, who is also Company Secretary, to manage the operations of the Charity.

The Board of Trustees normally meets bi-monthly and the Chief Executive Officer attends all Trustee meetings and has responsibility for all strategic management decisions within policies agreed by the Board of Trustees. Operational decisions are delegated to the Senior Management Team under the guidance of the Chief Executive Officer.

Wider network

The members of the Charity are local voluntary and community groups, charities and social enterprises. The charity works closely with its members and is in the process of reviewing its membership offer to increase involvement and active engagement of our membership. CaVCA is also a member of Locality. The Chief Executive is also a Fellow of the Royal Society for the Encouragement of the Arts, Manufactures and Commerce (RSA). Our Finance Manager is a member of the Charity Finance Group (CFG).

FUNDS HELD AS CUSTODIAN FOR OTHERS

Please refer to note 24 to the accounts for details of funds held as custodian for others.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Coast and Vale Community Action for the purposes of company law) are responsible for preparing the Report of the Trustees 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. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those 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;

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

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

In so far as the trustees are aware:

-	there is no relevant audit information of which the charitable company's auditors are unaware; and

-	the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

AUDITORS

The auditors, Fortus Audit LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting subject to Trustees discussion and agreement of the level of fees.

Approved by order of the board of trustees on 17 November 2025 and signed on its behalf by:

Ms M L Bonney - Secretary

Opinion

We have audited the financial statements of Coast and Vale Community Action (the 'charitable company') for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Report of the Trustees has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of trustees' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit; or

-	the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory frameworks that are applicable to the company and determined that the most significant frameworks which are directly relevant to specific assertions in the financial statements are those that relate to the reporting framework (UK GAAP and the Companies Act 2006) and the relevant tax compliance regulations in the UK.

We understood how the company is complying with those frameworks by making enquiries of management and those responsible for legal and compliance procedures. We corroborated our enquiries through review of board minutes and discussions with those charged with governance.

We assessed the susceptibility of the company’s financial statements to material misstatement, including how fraud might occur, by discussion with management from various parts of the business to understand where they considered there was a susceptibility to fraud. We considered the procedures and controls that the company has established to prevent and detect fraud, and how these are monitored by management, and also any enhanced risk factors such as performance targets.

Based on our understanding, we designed our audit procedures to identify any non-compliance with laws and regulations identified in the paragraphs above.

We also performed audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditors responsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Frances Howard FCA (Senior Statutory Auditor)

for and on behalf of Fortus Audit LLP

5 & 6 Manor Garth

Manor Court

Scarborough

North Yorkshire

YO11 3TU

24 November 2025

2025

2024

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

506

19,646

20,152

49,794

Charitable activities

4

Core services and properties

472,418

-

472,418

489,788

Community projects

34,412

210,552

244,964

147,099

Investment income

3

20,734

-

20,734

13,531

Other income

5

-

-

-

14,335

Total

528,070

230,198

758,268

714,547

EXPENDITURE ON

Charitable activities

6

Core services and properties

526,475

54,234

580,709

603,991

Community projects

87,992

140,091

228,083

251,632

Total

614,467

194,325

808,792

855,623

NET INCOME/(EXPENDITURE)

(86,397

)

35,873

(50,524

)

(141,076

)

Transfers between funds

21

(10,086

)

10,086

-

-

Net movement in funds

(96,483

)

45,959

(50,524

)

(141,076

)

RECONCILIATION OF FUNDS

Total funds brought forward

501,874

2,523,595

3,025,469

3,166,545

TOTAL FUNDS CARRIED FORWARD

405,391

2,569,554

2,974,945

3,025,469

2025

2024

Notes

£

£

FIXED ASSETS

Tangible assets

13

3,209,599

3,019,360

CURRENT ASSETS

Debtors

14

14,934

25,586

Cash at bank and in hand

497,963

666,016

512,897

691,602

CREDITORS

Amounts falling due within one year

15

(156,148

)

(164,252

)

NET CURRENT ASSETS

356,749

527,350

TOTAL ASSETS LESS CURRENT LIABILITIES

3,566,348

3,546,710

CREDITORS

Amounts falling due after more than one year

16

(591,403

)

(521,241

)

NET ASSETS

2,974,945

3,025,469

FUNDS

21

Unrestricted funds:

General fund

405,390

501,874

Restricted funds

2,569,555

2,523,595

TOTAL FUNDS

2,974,945

3,025,469

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

The financial statements were approved by the Board of Trustees and authorised for issue on 17 November 2025 and were signed on its behalf by:

Mr D T Warner MBE - Trustee

Cash flows from operating activities

Cash generated from operations

1

12,132

(9,424

)

Interest paid

(46,105

)

(45,827

)

Net cash used in operating activities

(33,973

)

(55,251

)

Cash flows from investing activities

Purchase of tangible fixed assets

(220,161

)

(23,974

)

Sale of tangible fixed assets

434

180,000

Interest received

20,734

13,531

Net cash (used in)/provided by investing activities

(198,993

)

169,557

Cash flows from financing activities

New loans in year

75,000

-

Loan repayments in year

(10,087

)

(12,925

)

Net cash provided by/(used in) financing activities

64,913

(12,925

)

Change in cash and cash equivalents in the reporting period

(168,053

)

101,381

Cash and cash equivalents at the beginning of the reporting period

666,016

564,635

Cash and cash equivalents at the end of the reporting period

497,963

666,016

1.	RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES

2025

2024

£

£

Net expenditure for the reporting period (as per the Statement of Financial Activities)

(50,524

)

(141,076

)

Adjustments for:

Depreciation charges

29,488

20,382

Loss on disposal of fixed assets

-

38,994

Interest received

(20,734

)

(13,531

)

Interest paid

46,105

45,827

Decrease in debtors

10,652

14,240

(Decrease)/increase in creditors

(2,855

)

25,740

Net cash provided by/(used in) operations

12,132

(9,424

)

2.	ANALYSIS OF CHANGES IN NET FUNDS/(DEBT)

At 1.4.24

Cash flow

At 31.3.25

£

£

£

Net cash

Cash at bank and in hand

666,016

(168,053

)

497,963

666,016

(168,053

)

497,963

Debt

Debts falling due within 1 year

(14,305

)

5,249

(9,056

)

Debts falling due after 1 year

(521,241

)

(70,162

)

(591,403

)

(535,546

)

(64,913

)

(600,459

)

Total

130,470

(232,966

)

(102,496

)

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Coast and Vale Community Action is a charitable company limited by guarantee in the United Kingdom. The address of the registered office is given in the charity information on page 8 of these financial statements. The nature of the charity's operations and principal activities are advice, support, promotion and representation of the voluntary, community and social enterprise sector principally, but not exclusively, in the Borough of Scarborough and Ryedale and its environs.

The accounts are prepared in sterling which is the functional currency of the charity.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

For grants to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the grant and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.

Income from trading activities includes income earned from fundraising events to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Support costs

Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs, administrative payroll costs.

Where support costs cannot be directly attributed to particular headings they have been allocated to charitable activities on a basis of staff time. Costs have been directly allocated where possible.

The analysis of these costs is included in note 8.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

nil

Improvements to property

-

10% on cost

Fixtures and fittings

-

20% on cost