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2022-03-31-accounts

CAMDEN VOLUNTEER BUREAU

Registered Charity No. 1001907 (Company Number: 02476916) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

CAMDEN VOLUNTEER BUREAU

Registered Charity No. 1001907 (Company Number: 02476916)

Contents
Page
Reference and Administrative Details 1
Report of the Trustees 2 - 8
Report of the Independent Examiner 9
Statement of Financial Activities 10
Balance Sheet 11
Notes forming part of the financial statements 12 – 17

CAMDEN VOLUNTEER BUREAU

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY, ITS TRUSTEES AND ADVISORS

FOR THE YEAR ENDED 31 MARCH 2022

Trustees

Abida Lalani (Chair) Rebecca Coxhead (resigned 16 March 2022) Alex Kenmure (resigned 18 May 2022) Catherine Gibbins Scott Heath BEM Shwetal Shah Joshua Berelowitz (appointed 14 July 2022) Julia Ly (appointed 14 July 2022) Saif Ahamed (appointed 16 March 2022)

Company registration number

02476916

Charity registration number

1001907

Registered office

@ Kentish Town Community Centre, 17 Busby Place, London, NW5 2SP

Independent Examiner

Stephen Jones FCA ℅ Myrus Smith, Chartered Accountants Norman House 8 Burnell Road Sutton Surrey SM1 4BW

1

CAMDEN VOLUNTEER BUREAU

Registered Charity No. 1001907 (Company Number: 02476916)

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT

Constitution

The Charity is an organisation registered as a charitable company, limited by guarantee, and was set up by a Memorandum of Association.

The Charity is constituted under a Memorandum of Association and is a registered charity, number 1001907.

Method of appointment or election of Trustees

New trustees are appointed onto the board once the skills and experience that they will bring is deemed appropriate by the existing Trustees, and are given adequate information to enable them to familiarise themselves with the affairs of the Charity.

Risk management

The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.

Financial Responsibility

The Trustees have overall responsibility for ensuring that the Charity has an appropriate system of controls, financial and otherwise. They are also responsible for keeping proper accounting records which 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 detection and prevention of fraud and other irregularities.

Going Concern & Continuing Covid-19 Impact

The impact of the Covid-19 pandemic is still very much being felt by the organisation and during 2021-22 Volunteer Centre Camden operated virtually as the organisations and people we support did not want to meet face-to-face.

Following appropriate evaluation, the trustees have a reasonable expectation that the company 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.

Review of the year

Incoming resources fell from £167,025 in 2021 to £129,000 in the current year. Costs also fell from £163,403 in 2021 to £159,646 in the current year. The net decrease in funds was £30,646 which related to a decrease in unrestricted funds.

2

CAMDEN VOLUNTEER BUREAU

Registered Charity No. 1001907 (Company Number: 02476916)

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2022

…/Cont’d

OBJECTIVES AND ACTIVITIES

Policies and objectives

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 objects of Volunteer Centre Camden are:

Our Vision

A society where volunteering is a core part of living, working, and playing in Camden.

Our Mission

Our mission is to make volunteering in Camden as simple, rewarding, accessible, and impactful as possible.

Our Principles

We support and encourage volunteering and work with organisations in and around the Borough of Camden to develop volunteering opportunities and ensure high standards in volunteer management.

The Volunteer Centre will always be:

The Volunteer Centre will work tirelessly in Camden to:

3

CAMDEN VOLUNTEER BUREAU

Registered Charity No. 1001907 (Company Number: 02476916)

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2022

…/Cont’d

VCC Volunteers

Involvement of volunteers at the organisation makes a significant financial contribution. Our volunteer team includes individuals that provide administrative support; team members that offer their professional skills, such as finance and statistical analysis; and skilled matchmakers who help pair eager potential volunteers to vacant roles, and ensure that our database of volunteering opportunities remains up to date.

ACHIEVEMENTS AND PERFORMANCE

Covid-19 Response Volunteers & Vaccination Volunteers

During the second year of the pandemic Volunteer Centre Camden played a key role in mobilising support needed for those affected by Covid-19 and, in particular, vaccination volunteers. This included:

NHS NCL Volunteering PLUS

VCC set up and led a partnership of volunteering infrastructure specialists across the 5 North Central London boroughs to help the NHS, through lead organisation North London Partners in Health & Care (NLP), to strategically develop health volunteering to meet its priorities.

Our partners in the NCL Volunteering PLUS programme are Community Barnet, Voluntary Action Islington, Bridge Renewal Trust and Enfield Voluntary Action. Together we set up a NCL Volunteering Network of stakeholders from NHS organisations, voluntary and community sector organisations, Lay members and volunteers.

The original objectives of the programme were altered to meet the needs of the pandemic that started just as the programme was about to begin. Working in partnership with NLP we changed the focus to address emergency needs and information around topics such as the NHS Volunteer Responders Scheme and Vaccination Volunteer requirements.

Our role expanded to lead on the evaluation of the NHS Volunteer Responders service in North Central London through additional funding via NHS England.

During the 2021-22 financial period we successfully obtained further funding through City Bridge Trust’s Cornerstone Fund which is to be extended for a further three years starting in 2022-23.

4

CAMDEN VOLUNTEER BUREAU

Registered Charity No. 1001907 (Company Number: 02476916)

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2022

…/Cont’d

Volunteer Fairs

Due to the pandemic, we continued to offer our highly successful volunteer fairs online. Still working in close partnership with Voluntary Action Islington, we were able to closely replicate real life using the Rooms facility of Zoom which meant that potential volunteer attendees could pop in and out of the virtual rooms of community organisations in the same way they could visit different stalls in real life. These proved popular with both volunteer involving organisations and local residents who were able to connect and begin volunteering roles.

Mutual Aid Plus

Working in partnership with our sister organisation, Hammersmith & Fulham Volunteer Centre, we codelivered this short London-wide programme, funded by the Greater London Authority (GLA), to support Mutual Aid Groups, and similar hyper-local volunteering groups. The programme successfully engaged these groups to identify their needs and delivered workshops and peer support.

Marketing Volunteer Roles

Using our dedicated online volunteer brokerage system, Simply Connect, we help volunteers and volunteer involving organisations match together for more efficiently and effectively. This platform has a useful ‘reverse brokerage’ function, enabling Camden VCS organisations to be pro-active and search the system for suitable volunteers rather than just waiting for potential volunteers to contact them. Our website has helped more volunteers find more opportunities, and our utilisation of social media to promote volunteering opportunities has grown significantly.

In addition, we promoted volunteering roles and initiatives through our highly-effective social media channels. Twitter proved particularly effective where Volunteer Centre Camden has the highest number of followers and engagement of all Volunteer Centres in London.

Volunteer Management Best Practice ‘Best Practice Plus’

We continued to offer our chargeable volunteer management best practice service called ‘Best Practice Plus’ which offers a range of activities to support VCS organisations to better involve volunteers. These activities include:

Employer Supported Volunteering – Team UP

Our self-sustaining Team UP service working with businesses and corporates continued to be dormant during this financial year due to the pandemic. Our Corporate Engagement Manager was furloughed through utilising the Coronavirus Job Retention Scheme, but at the beginning of 2022 we began, as the pandemic entered its end phase, to find community projects which has enabled this service to have a successful year in 2022-23.

5

CAMDEN VOLUNTEER BUREAU

Registered Charity No. 1001907 (Company Number: 02476916)

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2022

…/Cont’d

Partnership working and collaboration

VCC is committed to working in partnership and collaboration with organisations and companies for the benefit of Camden residents.

VCC continues to be an active collaborator in the Camden Infrastructure Alliance (CIA) which sees it work close with Voluntary Action Camden and the C4 Camden Community Centre Consortium to provide infrastructure support to the voluntary and community sector in Camden.

VCC works closely with its ‘sister’ organisation, Hammersmith and Fulham Volunteer Centre to deliver successful projects and with a shared CEO and Finance Manager as well as collaboration on volunteer infrastructure and employer supported volunteering.

We regularly deliver Volunteer Fairs in partnership with Voluntary Action Islington.

We work in collaborative partnership with Camden Council to strategically develop volunteering across the borough.

Acknowledgements

Volunteer Centre Camden would not exist without the support of a lot of people and organisations.

Thank you to all volunteers who have helped us, we could not do what we do without you. This includes the very dedicated Board of Trustees who work closely with VCC staff and volunteers.

We like to offer special thanks to Camden Council, in particular the Community Partnership Team, who not only continue to fund the work we do, but that we have a very positive working relationship with.

Reserves Policy

The Trustees have tried to maintain a policy whereby the unrestricted funds not committed (the "free reserves") held by the company should be approximately 25% of the annual costs, which equates to approximately £39,900. The level of free reserves at 31st March 2022 was £27,355.

Volunteer Centre Camden Strategic Goals/Objectives

1. Recognised and understood as the leader of volunteering and community participation in Camden

(a) Raise awareness of who and what we are amongst more people and organisations across the borough who are involved in volunteering.

(b) Understanding what is needed to increase quality and quality of volunteering.

(c) Recognised as a best practice model across London.

6

CAMDEN VOLUNTEER BUREAU

Registered Charity No. 1001907 (Company Number: 02476916)

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2022

…/Cont’d

2. Diversify and increase volunteering support offered to people and organisations across Camden

(a) Help VCS organisations to practically implement more flexible volunteer roles and informal recruitment, e.g. micro-volunteering, virtual volunteering, one-off and ad hoc volunteering, ‘taster’ sessions.

(b) Increased collaboration with institutions, organisations and initiatives that will benefit from the involvement of volunteers.

(c) Increase ‘participation’ of local people giving their time informally to support their community, e.g. Camden Together initiative.

3. Diversify and increase income streams for VCC services

(a) Re-establishing Team UP ad self-sustainable.

(b) Create new offers that are fresh and relevant to help residents and organisations to achieve their goals.

(c) Monetise/unlock financial value of these offers.

4. Increase our financial reserves

(a) Use income to strengthen our organisational resilience.

(b) Reinvest back into the community.

Risk assessment

The trustees actively review the major risks faced by the charity. The trustees have identified the major financial risks faced by the charity. They have also examined other operational and business risks faced and systems have been established to mitigate the significant risks.

7

CAMDEN VOLUNTEER BUREAU

Registered Charity No. 1001907 (Company Number: 02476916)

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2022

…/Cont’d

Trustees' responsibilities statement

The trustees (who are also directors of Camden Volunteer Bureau for the purposes of company law) are responsible for preparing the Trustees’ Annual 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 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 these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company 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 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:

Approved by the Trustees on 14 December and signed on their behalf by:

…………………… Abida Lalani Chair

8

INDEPENDENT EXAMINER’S REPORT TO THE MEMBERS OF:

CAMDEN VOLUNTEER BUREAU

Registered Charity No. 1001907 (Company Number: 02476916)

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2022 which are set out on pages 10 to 17.

Responsibilities and basis of report

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

Having satisfied myself that the accounts of the company 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 your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the 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 company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts 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 accounts 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 accounts to be reached.

Stephen Jones FCA ℅ Myrus Smith, Chartered Accountants Norman House 8 Burnell Road Sutton Surrey SM1 4BW

14 December 2022

9

CAMDEN VOLUNTEER BUREAU

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)

FOR THE YEAR ENDED 31 MARCH 2022

Total Total Total Total
Notes Unrestricted Restricted Funds Funds
funds funds 2022 2021
£ £ £ £
Income from:
Grants 3 4,015 50,510 54,525 106,367
Charitable activities 4 60,000 - 60,000 60,000
Investments 5 8 - 8 5
Other 6 14,467 - 14,467 653
────── ────── ────── ──────
Total 78,490 50,510 129,000 167,025
────── ────── ────── ──────
Expenditure on:
Charitable activities 7 109,136 50,510 159,646 163,403
────── ────── ────── ──────
Total 109,136 50,510 159,646 163,403
────── ────── ────── ──────
Net income/(expenditure) 9 (30,646) - (30,646) 3,622
Transfers between funds - - - -
────── ────── ────── ──────
Net movement in funds (30,646) - (30,646) 3,622
Reconciliation of funds
Fund balances brought forward 17 58,001 1,775 59,776 56,154
─────── ────── ─────── ───────
Fund balances carried forward 17 £27,355 £1,775 £29,130 £59,776
═══════ ══════ ═══════ ═══════

All income and expenditure is derived from continuing activities.

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes form part of these Financial Statements.

10

CAMDEN VOLUNTEER BUREAU

BALANCE SHEET

AS AT 31 MARCH 2022

2022 2021
Notes £ £
CURRENT ASSETS
Debtors 13 1,544 20,013
Cash at bank and in hand 72,140 86,593
─────── ───────
73,684 106,606
CREDITORS: Amounts falling due
within one year 14 44,554 46,830
─────── ───────
NET ASSETS 16 £29,130 £59,776
═══════ ═══════
FUNDS
Unrestricted Funds 17 27,355 58,001
Restricted Funds 17 1,775 1,775
─────── ───────
£29,130 £59,776
═══════ ═══════

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the companies Act 2006.

The directors acknowledge their responsibilities for:

These Financial Statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by the Board of Trustees on 14 December 2022 and signed on its behalf by:

..........................................

Abida Lalani Chair

The notes form part of these Financial Statements.

11

CAMDEN VOLUNTEER BUREAU

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

1. COMPANY STATUS

Camden Volunteer Bureau is a registered Charity (No: 1001907) and a private Company (No: 02476916) limited by guarantee, registered in England and Wales. In the event of the company being wound up, the liability in respect of the guarantee is limited to £10 per member.

The registered office is given in the Reference and Administrative Details on page 1.

2. ACCOUNTING POLICIES

Basis of preparation

The charity constitutes a public benefit entity as defined by FRS 102.

The financial statements have been prepared in accordance with 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.

The financial statements have been prepared on the going concern basis and under the historical cost convention. The financial statements are represented in sterling which is the functional currency of the charity and rounded to the nearest pound. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Income recognition

Items of income are recognised in the financial statements when all of the following criteria are met:

Expenditure recognition

Expenditure is recognised once there is a legal or constructive obligation to make payment to a third party, it is probable that settlement will be required and the amount can be measured reliably.

Expenditure on charitable activities includes direct costs undertaken to further the purposes of the charity and associated support costs.

Fund accounting

Unrestricted general funds are those funds which are freely available for use in furtherance of the objects of the charity and which have not been designated for specific purposes. Restricted funds are funds which can only be used in accordance with specific restrictions imposed by the donor or which have been raised for a particular purpose.

Pensions

The charity operates a defined contribution pension scheme. Contributions payable under the scheme are charged to the Statement of Financial Activities in the year to which they relate.

The charity also has ongoing historic obligations under a multi-employer pension scheme which is a defined benefit scheme. It is not possible for the charity to obtain sufficient information to enable it to account for the scheme as a defined benefit scheme and it therefore accounts for the scheme as a defined contribution scheme.

Operating leases

Operating lease rentals are recognised in the Statement of Financial Activities on a straight line basis over the term of the lease.

Debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairments are recognised in expenditure.

12

CAMDEN VOLUNTEER BUREAU

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022 /cont'd....

3. GRANTS

Unrestricted Restricted Total Total
Funds Funds 2022 2021
£ £ £ £
Camden Infrastructure Alliance - 6,830 6,830 -
LBC OMD - - - 10,000
Job Retention Scheme (HMRC) 4,015 - 4,015 11,631
Mutual Aid Plus - 20,580 20,580 -
City Bridge Trust - - - 24,836
London Plus - - - 1,500
NHS Volunteering Project - 23,100 23,100 58,400
────── ────── ────── ──────
£4,015 £50,510 £54,525 £106,367
══════ ══════ ══════ ══════

Of the £106,367 income recognised in 2021, £11,631 was unrestricted fund income and £94,736 was restricted fund income.

4. INCOME FROM CHARITABLE ACTIVITIES

Unrestricted Restricted Total Total
Funds Funds 2022 2021
Lead Volunteering £60,000 £Nil £60,000 £60,000
══════ ══════ ══════ ══════

All of the £60,000 recognised in 2021 related to unrestricted funds.

5. INVESTMENT INCOME

Unrestricted Restricted Total Total
Funds Funds 2022 2021
Bank Interest £8 £Nil £8 £5
══════ ══════ ══════ ══════

All of the £5 recognised in 2021 related to unrestricted funds.

6. OTHER INCOME

Unrestricted Restricted Total Total
Funds Funds 2022 2021
£ £ £ £
Other 937 - 937 23
Team UP 13,530 - 13,530 630
────── ────── ────── ──────
£14,467 £Nil £14,467 £653
══════ ══════ ══════ ══════

All of the £653 received in 2021 related to unrestricted funds.

13

CAMDEN VOLUNTEER BUREAU

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022 /cont'd....

7. EXPENDITURE ON CHARITABLE ACTIVITIES

Direct Support Total Total
costs cost 2022 2021
£ £ £ £
Advertisement - 81 81 134
Bad Debt - 274 274 -
Bank Charges - 103 103 69
Bookkeeping Services - 2,655 2,655 1,830
Events - - - -
Gifts and Donations - 138 138 -
HFVC Partnership - 30,000 30,000 30,000
Insurance - 1,029 1,029 966
Office Equipment - - - 725
HFVC Partnership (CAMERA) - - - -
Partnership Project - 15,000 15,000 -
Photocopying - 943 943 471
Postage - 7 7 -
Publicity - - -
Publications and Subscriptions - - - 530
Recruitment - - - -
Refreshments - - - 59
Rent - 12,100 12,100 13,200
Salaries 51,404 17,708 69,112 68,984
Staff Travel and Subsistence - - - -
Stationery - - - -
Subscription - 509 509 -
Telephone - 79 79 5
Travelling Expenses - - - -
Utilities and Services - - - -
Volunteer Expenses - - - -
Volunteer Rewards - - - -
Volunteer Training - - - -
Volunteering Plus 13,200 - 13,200 36,400
IT Support - 4,660 4,660 4,660
Website - - - 2,767
Miscellaneous - 25 25 130
Team Up - 6,334 6,334 243
Payroll Expenses - 437 437 370
Training Costs - 1,100 1,100 -
Governance Costs (Note 8) - 1,860 1,860 1,860
────── ────── ────── ──────
£64,604 £95,042 £159,646 £163,403
══════ ══════ ══════ ══════

Of the £159,646 (2021: £163,403) expenditure in 2022, £109,136 (2021: £65,825) was charged to unrestricted funds and £50,510 (2021: £97,578) to restricted funds.

Of the £159,646 (2021: £163,403) expenditure in
unrestricted funds and £50,510 (2021: £97,578) to		 2022, £109,136 (2021: £65,825)
restricted funds.		 was charged
8. GOVERNANCE COSTS Total Total
2022 2021
Independent examiner’s fees £1,860 £1,860
══════ ══════
9. NET EXPENDITURE
2022 2021
Operating lease rentals £12,100 £13,200
══════ ══════

14

CAMDEN VOLUNTEER BUREAU

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022 /cont'd....

10. TRUSTEES’ REMUNERATION AND EXPENSES

The trustees neither received nor waived any remuneration or expenses during the year (2021 : £Nil).

11. STAFF COSTS

STAFF COSTS
2022 2021
£ £
Salaries 64,256 64,159
Social Security costs 1,001 1,006
Pension costs 3,855 3,819
────── ──────
£69,112 £68,984
══════ ══════

In 2022 the charity employed 4 part-time employees (2021 – 4). An analysis of employees by function is as follows:

function is as follows:
No. No.
Charitable activities 3 3
Management and administration 1 1
── ──
4 4
══ ══

No employee received total employee benefits (excluding employer pension costs) amounting to more than £60,000 in either year.

The total amount of employee benefits received by key management personnel was £28,704 (2021: £28,712).

Under FRS 102, employee benefits includes gross salary, benefits in kind, employer’s national insurance and employer’s pension costs.

12. PENSION LIABILITY

Camden Volunteer Bureau participates in the ‘Small Admitted Bodies’ pool within the London Borough of Camden Pension Fund, which is a multi-employer defined benefit scheme.

Camden Volunteer Bureau is one of nine employers that are part of the ‘Small Admitted Bodies’ pool within the scheme and is unable to identify its share of the underlying assets and liabilities in the scheme without an individual actuarial report, the expense of which the Trustees consider not to be worth its benefit.

The charity is negotiating an exit from the scheme and is awaiting formal agreement to this. At present, the total liability is expected to be approximately £70,000 and will be settled over a number of years, with a delayed start date.

13. DEBTORS

DEBTORS
2022 2021
£ £
Trade debtors 270 16,984
Other debtors 1,100 1,100
Prepayments 174 1,061
Accrued income - 868
────── ──────
£1,544 £20,013
══════ ══════

15

CAMDEN VOLUNTEER BUREAU

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022 /cont'd....

14. CREDITORS – amounts falling due within one year

2022 2021
£ £
Trade creditors 15,913 1,564
Taxation and Social Security 1,181 1,246
Other creditors 425 425
Accruals 12,435 24,095
Deferred income (see analysis below) 14,600 19,500
─────── ───────
£44,554 £46,830
═══════ ═══════
Balance b/f Balance c/f
As at Additions in Released As at
1 April 2021 the year to income 31 March 2022
Analysis of deferred income £ £ £ £
Other income 19,500 - (4,900) 14,600
────── ────── ────── ──────
£19,500 £Nil £(4,900) £14,600
══════ ══════ ══════ ══════

The deferred income relates to monies received in 2021/22 relating to projects running in 2022/23.

15. OPERATING LEASE COMMITMENTS

Total future minimum lease payments under non-cancellable operating leases are as follows:

2022 2021
Due within £ £
One year 628 628
One and five years 1,256 1,885
─────── ───────
£1,884 £2,513
═══════ ═══════
16. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted Restricted Total
2022 Funds Funds Funds
£ £ £
Current assets 71,909 1,775 73,684
Current liabilities (44,554) - (44,554)
─────── ────── ───────
£27,355 £1,775 £29,130
═══════ ══════ ═══════
Comparative information for the previous year is as follows:
Unrestricted Restricted Total
2021 Funds Funds Funds
£ £ £
Current assets 104,831 1,775 106,606
Current liabilities (46,830) - (46,830)
─────── ────── ───────
£58,001 £1,775 £59,776
═══════ ══════ ═══════

16

CAMDEN VOLUNTEER BUREAU

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022 /cont'd....

17. STATEMENT OF FUNDS
2022 1 April 31 March
2021 Income Expenditure Transfers 2022
£ £ £ £ £
Unrestricted Funds
General funds £58,001 £78,490 £109,136 £Nil £27,355
══════ ══════ ══════ ══════ ══════
Restricted Funds
Camden Infrastructure Alliance - 6,830 6,830 - -
LBC OMD 1,000 - - - 1,000
London Plus 775 - - - 775
Mutual Aid Plus - 20,580 20,580 - -
NHS Volunteering Project - 23,100 23,100 - -
────── ────── ────── ────── ──────
£1,775 £50,510 £50,510 £Nil £1,775
══════ ══════ ══════ ══════ ══════
Comparative information for the previous year is as follows:
2021 1 April 31 March
2020 Income Expenditure Transfers 2021
£ £ £ £ £
Unrestricted Funds
General funds £51,537 £72,289 £65,825 £Nil £58,001
══════ ══════ ══════ ══════ ══════
Restricted Funds
LBC OMD 4,617 10,000 13,617 - 1,000
City Bridge Trust - 24,836 24,836 - -
London Plus - 1,500 725 - 775
NHS Volunteering Project - 58,400 58,400 - -
────── ────── ────── ────── ──────
£4,617 £94,736 £97,578 £Nil £1,775
══════ ══════ ══════ ══════ ══════

RESTRICTED FUNDS

Camden Infrastructure Alliance

Capacity building and development work to build closer work with infrastructure organisations Voluntary Action Camden and the C4 Community Centres Alliance.

LBC OMD

Support from Camden Council to capacity build VCC's operations, including fundraising and developing Camden Infrastructure Alliance

Mutual Aid Plus

Supporting Mutual Aid Groups across London.

City Bridge Trust

London Community Response Fund to help maximise our support to VIOs during the Covid-19 pandemic

London Plus

Funding to support purchase of laptops

NHS Volunteering Project

Partnership project looking a strategic development of health volunteering across North Central London.

18. RELATED PARTY TRANSACTIONS

There were no related party transactions during the year ended 31 March 2022 or the preceding year.

17