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2021-03-31-accounts

Charity Registration No. 01002624 Company Registration No. 02593527 (England and Wales)

VOLUNTARY ACTION NORTH EAST LINCOLNSHIRE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

VOLUNTARY ACTION NORTH EAST LINCOLNSHIRE

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mrs M Johnson
Mr S Beasant
Mr A Jones
Mr Marcus Gables
Ms Victoria Russell
Charity number 01002624
Company number 02593527
Principal address 82 Grimsby Road
Cleethorpes
North East Lincolnshire
DN35 7DP
Registered office 82 Grimsby Road
Cleethorpes
North East Lincolnshire
DN35 7DP
Bankers The Co-operative Bank
Independent examiner A P Robinson & Co (Grimsby) LLP
Chartered Accountants
107 Cleethorpes Road
Grimsby
North East Lincolnshire
DN31 3ER

VOLUNTARY ACTION NORTH EAST LINCOLNSHIRE

CONTENTS

Page
Trustees report 1
Independent examiner's report 10
Statement of financial activities 11
Balance Sheet 12
Statement of cash flows 13
Notes to the financial statements 14

VOLUNTARY ACTION NORTH EAST LINCOLNSHIRE

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 March 2021

The trustees hereby present their report and accounts for the year ended 31 March 2021.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's governing document, 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) (As amended for accounting periods commencing from 1 January 2016).

Objectives and Activities

Aims

The charity works within the core activities of: representation, liaison, enabling, developing and working in partnership with and on behalf of the local voluntary and community sector. Projects managed by the charity fit within these core activities and add to the strategy of building capacity within the voluntary and community sector primarily in North East Lincolnshire.

The charity has continued to deliver a number of successful grant funded projects, as detailed in the notes which also contribute to the core activities outlined above.

Voluntary Action North East Lincolnshire (VANEL) provides volunteer centre services, organisational health checks and group diagnostic work, administrative support for its members and friends including: a payroll service, a disclosure and barring checking service (DBS), a small equipment hire service, IT technical support, web development, training, advocacy, access to fundraising and income generation opportunities, electronic information briefings and promotion of members’ and volunteers activities and services plus strategic representation on some local, regional and national partnerships.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and Performance

Charitable activities

The charity was successful in securing ongoing funding via the National Lottery Community Fund, Heritage Lottery and other sources to develop its volunteer brokerage and volunteering development services. A small management fee was earned from this work. Other monies dispersed to projects have had a measurable impact on the organisation's success in securing additional financial support and attracting matched funding from further new sources of finance.

Voluntary Action North East Lincolnshire continues to play an active role as a representative of voluntary and community sector perspectives on some strategic partnerships in the local area, where relevant, including the Community Safety Partnership, Youth Partnership, Involving Lincs and Voluntary Sector Forum plus VCSE regional and national emergency partnerships.

Activities for the year compared to the objectives are as follows:

1. Increase the capacity of local VCS groups to perform effectively:

1.1 Via our information technology support service due to continued demand from VCS groups for affordable, understandable IT related support that groups can manage independently once our service has assisted with technical problems to enable groups to operate more effectively.

VOLUNTARY ACTION NORTH EAST LINCOLNSHIRE

TRUSTEE REPORT (INCLUDING DIRECTOR'S REPORT)

FOR THE YEAR ENDED

1.2 By offering organisational developmental support thanks to the National Lottery, Heritage Lottery and other funded projects for the benefit of VCS groups and to enable them to 'lever-in' additional funding via joint working between groups and other local partners.

1.3 Through training and support: encouraged and celebrated volunteering with groups via the volunteer centre and the volunteer managers' network; promoted financial accountability within VCS organisations; provided training in preparing funding bids and grant applications; delivered SCAM awareness sessions; improved safeguarding knowledge; raised awareness of PREVENT & cyber-crime agendas; promoted achievement of quality assurance accreditations amongst VCS groups and; assisted VCS groups in obtaining and maintaining capital assets.

1.4 Via our specialist task groups we supported victims of anti-social behaviour and hate crime; neighbourhood watch group members; Big Local North Cleethorpes committee members; and using various funds assisted with hardship grant distribution and we supported groups to apply for and deliver themed projects for their beneficiaries using lots of different local funding pots.

2. Provide free/affordable services relevant to local VCS groups' needs:

2.1 Provided regular e-bulletins including governance information as part of the membership service.

2.2 Provided direct tailor-made help to groups to find funds and supported with bid development.

2.4 Provided small equipment hire service for members for a small fee plus 'written off' items free.

2.5 Provided free signposting service for the benefit of member organisations and their clients to public/private and other voluntary sector services.

2.6 Identified and promoted new/different types of funding sources to benefit local VCS groups.

2.7 Provided Disclosure and Baring checking service at affordable rates for all VCS groups and other clients across North East Lincolnshire.

2.8 Provided volunteer interview and referral service for member groups via Volunteer Centre.

2.9 Provided support with small website development and ongoing maintenance for a small fee.

2.10 Provided IT trouble-shooting service for a small fee arising from member group demand.

3. Provide VCS representation within and for the wider community:

3.1 Promoted and represented VCS interests locally via various North East Lincolnshire community partnerships, including the North East Lincolnshire Community Safety Partnership and its communication task group; Voluntary Sector Working Group; Youth Partnership; Neighbourhood Network; Heritage Lottery area of focus group; VCSE Forum; Big Local North Cleethorpes; Green Influencers; Hardship Forum; Volunteering Development Forum; IT services development forum.

VOLUNTARY ACTION NORTH EAST LINCOLNSHIRE

TRUSTEE REPORT (INCLUDING DIRECTOR'S REPORT) FOR THE YEAR ENDED

3.2 Promoted and represented VCS interest sub regionally in the Humber and Lincolnshire areas via the Office of the Police and Crime Commissioner for Humberside, Humberside Police; Humberside Fire Rescue Service; Involving Lincs (Lincolnshire County); Safer Lincolnshire Partnership; Lincolnshire Building Better Opportunities (MOVE) Partnership; Greater Lincolnshire Local Enterprise Partnership; Lincolnshire Building Better Opportunities (Steps Forward) Partnership; Humber European Structural Investment Funds Partnership; Humber Nature Partnership; Humber CVS Partners; Lincolnshire Youth Association; Humber Local Resilience Forum; Humber Watch; Humber Health Group; VCSE Emergencies Partnership (Northern Cell);

3.3 Promoted and represented VCS interests nationally via the National Association for Voluntary and Community Action (NAVCA); the National Council for Voluntary Organisations (NCVO); UK Youth; Local Trust; Social Enterprise UK; VCSE Emergencies Partnership (national forum);

3.4 Helped develop the Big Local North Cleethorpes (BLNC) programme; commissioned as the Local Trusted Organisation (LTO);

3.5 Helped develop the Grimsby Retailers in Partnership (GRIP) CIC and commissioned to provide secretarial and treasurer services for the partnership.

4. Ensure the sustainability for VANEL as an organisation with appropriate staffing and adequately resourced operating structure:

4.1 Maintained charity membership fees at £25 per annum to contribute to staff admin time costs and provide minimum level of membership services. Continued membership package offers to add value for members seeking volunteering support and to increase sustainability options;

4.2 Successfully secured funds to deliver removing barriers to work/youth working links schemes funded by European Social Investment Funds to help 18-30 year olds get back into work/learning which enabled us to retain appropriately qualified & experienced staff members during lockdown;

4.3 Successfully supported the delivery of the North East Lincolnshire Neighbourhood Watch Network funded by the COVID19 emergency support funding and secured small amounts of match funding to continue this work in Cleethorpes and the East Marsh until the year-end.

4.4 Successfully secured and delivered a fourth year of two Building Better Opportunities (MOVE and Steps Forward) funded projects to support long term unemployed people across Greater Lincolnshire to engage with local community life via volunteering and personal development with a view to finding suitable work. We were offered and accepted enhanced and extended contracts as a result of successful track record in micro networking and small group support networks;

4.5 Actively taken all necessary measures to manage and reduce where possible any organisational indirect costs in order to retain the skills needed to deliver our outcomes as flexibly and cost effectively as possible whilst coping with the impact of COVID19 on operational delivery;

4.6 Following experimental projects delivered during lockdown to support local residents where they live, we successfully developed a neighbourhood networking programme. This enabled us to retain and further develop existing staff members and volunteers to assist with the longer term sustainability of our organisation and the local community members who support us and need our services. By focussing back on our fundamental operating structure we secured our sustainability.

VOLUNTARY ACTION NORTH EAST LINCOLNSHIRE

TRUSTEE REPORT (INCLUDING DIRECTOR'S REPORT) FOR THE YEAR ENDED

4.7 Proactively identified and secured new funding sources to enable VANEL team to focus on supporting groups to assist individual clients during the pandemic. We secured various small pots of funding to help alleviate hardship during national lockdowns assisting with food purchase; utility bills; access to IT equipment and connectivity. We supported volunteers to help with food shopping and collection/delivery of medication plus provision of face masks in the Cleethorpes area.

4.8 As a result of the national lockdown we were eligible to receive government grants which greatly assisted us to support our staff to work from home; to adapt our services and support our member organisations in new and different ways during an extremely difficult financial year for all.

5. Achieve wider recognition of VANEL as a provider of high quality, professional services for the local VCS:

5.1 Ongoing bespoke support, training and information provided throughout the year on demand and/or subject to funding available to deliver services on a tailor-made basis to local VCS groups and volunteers online using new technology as far as practical;

5.2 Maintained development staff to provide a range of organisational development support work including a series of briefing and training events promoting our wide range of development services across the area. Much of this was delivered online due to national lockdown situation;

5.3 Participated in member organisations' and partners' promotional events and workshops to raise VANEL profile across the local area to support our groups with their work and share our skills and knowledge. Made much use of websites; social media and community TV in lockdown;

5.4 Maintained development of a Volunteering Developing Service linked to Volunteer Managers' Network to enable managers to share best practice, learn from each other and benefit from professional support as and when needed and organise joint celebration of annual national volunteer week event with members using social media and online meetings due to lockdown;

5.5 Maintained our UK Youth Quality Award and our NVCO Volunteer Centre Quality Award to demonstrate openness to scrutiny and value of national recognition of services provided; NAVCA are currently reviewing their quality award process and structure and a new offer will emerge soon.

Financial Review

It is the policy of the charity that unrestricted/core funds, which have not been designated for a specific use, will be maintained at a minimum level equivalent to three and a maximum level equivalent to six month’s expenditure. The trustees consider that reserves at these levels will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. The minimum level of reserves was maintained throughout the 2020/21 financial year.

Unrestricted reserves (excluding tangible fixed assets), amount to £177,494; restricted reserves being £31,800; and those funds held in trust: Big Local funds of £126,418, Crime Reduction Fund of £1,231, Neighbourhood Watch Network Fund of £4,352 and The Hardship Fund of £1,553, giving total funds of £342,848 at 31st March 2021. This level of unrestricted general funds and total funds is considered vital considering many of the charity's income sources are received in arrears. The company's reserves policy is set to ensure that there are sufficient funds available, after the company’s redundancy commitment, to meet the anticipated expenditure requirements for a minimum of the following three months. The policy and level at which reserves are set is reviewed monthly by the Chair and the Chief Officer. All changes are endorsed by the Executive Committee.

VOLUNTARY ACTION NORTH EAST LINCOLNSHIRE

TRUSTEE REPORT (INCLUDING DIRECTOR'S REPORT)

FOR THE YEAR ENDED

The surplus for the financial year ending 31st March 2021 amounts to £102,049: an increase in VANEL unrestricted funds of £72,262; a decrease of £1,083 in funds held in trust (Big Local, Crime Reduction Fund, Neighbourhood Watch Network Fund and The Hardship Fund) and an increase in other restricted funds of 30,870, dealt with as shown in the statement of financial activities. There are no related party transactions and all principal funding sources are shown in the financial activity notes.

Risk management

The National Association for Voluntary and Community Action (NAVCA) quality award and National Council for Voluntary Organisations (NCVO) Volunteer Centre Quality Award and the UK Youth Award, all of which VANEL has achieved, are specifically designed for use by infrastructure organisations, volunteer centres and youth development organisations. These enable the meeting of legal and financial obligations within a quality standard framework and provide a continuous scrutiny of the way the organisation operates to consistent and agreed quality standards, which mitigate the risks to which the charity may be exposed.

The trustees monitor the business risks quarterly, as set out in the organisation’s annual action plan, plus any other emerging risks during the year linked to services and projects to which the charity is potentially exposed, at their quarterly committee meetings, to ensure that all risks are mitigated.

Responsibilities for Preparing the Financial Statements

Company and charity 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 surplus or deficit of the charity for that period. In preparing those financial statements, the trustees have:

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 prevention and detection of fraud and other irregularities.

VOLUNTARY ACTION NORTH EAST LINCOLNSHIRE

TRUSTEE REPORT (INCLUDING DIRECTOR'S REPORT)

FOR THE YEAR ENDED

FUTURE DEVELOPMENTS

VANEL's key objectives (subject to lockdown easing), in support of its mission and key aims, are to:

1. Increase the capacity of local VCS groups and organisations to perform effectively.

Key activities:

Championing group and individual engagement with information technology (via Development Manager).

2. Provide free/affordable services relevant to local VCS groups' needs.

Key activities:

VOLUNTARY ACTION NORTH EAST LINCOLNSHIRE

TRUSTEE REPORT (INCLUDING DIRECTOR'S REPORT)

FOR THE YEAR ENDED

3. Provide VCS representation within and for the wider community.

Key activities:

4. Ensure the sustainability of VANEL with appropriate staffing and adequately resourced structure.

Key activities:

VOLUNTARY ACTION NORTH EAST LINCOLNSHIRE

TRUSTEE REPORT (INCLUDING DIRECTOR'S REPORT) FOR THE YEAR ENDED

5. Achieve wider recognition of VANEL as a provider of high quality, professional services for the local VCS.

Key activities:

Maintaining/reviewing VANEL’s policies and procedures annually with staff/trustees. (Development Manager)

VIII.

Offering Supporting Volunteers’ Award (quality assurance) for member groups. (Development Manager)

Structure, governance and management

Governing document

Voluntary Action North East Lincolnshire (VANEL) is a registered charity number 1002624 and a company limited by guarantee number 2593527.

The object of the charity, as stated in the Memorandum of Association, is to promote any charitable purposes for the benefit of the community in the local government district of North East Lincolnshire and, in particular, the advancement of

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:

Mr S Beasant Mrs M Johnson Mr A Jones Miss V Russell Mr M Czarnecki

VOLUNTARY AcfioN NORTH EAST LINCOLNSHIRE TRUSTEE REPORT (INCLUDING DIRECTOR'S REPORn FOR THE YEAR ENDED Orpnlsation Members of the Executfve Committee of Tru5tee5 are elected annuaNy in accordance with the reeulations laid down in the Articles of Assotlation. The Exe¢uUve Commlltee meets srA times per year and has overall responsibility for strategy. policy and employment of staff. OperatK)nal and stsfi manatemert tsgJtsare delegated totte Chlel ¢Thcer. There are currently a total of 9 stsff members15 f￿1 time and 4 part-timel. The m5nimum number of Tnstees who may be awKinted b 5 Ma￿m￿rn 15 15. The Nmber 15 generally between 6 and 12, depeThdln8 on the balance between retlrees and new appolntments. New trustees are recrulted. based on the sk1115 requlred. from within the senior rnanagers aThd leaders of our member or8amlsa￿offt$. The E¥ecutive Cornmlttee meets every three months and calts addhlonal meetiw whtn speaal aroJmstance5 artse, for eXam￿e 14urin8 National Volunteers. Week and Nat10￿1 Trustees. Week and foi L￿SIr￿ plaMir¥. Day to dby operatlonal matters, whkh Indude flnartt, HRlemrloyment ar￿ dtli¥ery of seryice5 are delegated to the Chlef Officer. Paul• Gr•nt. TfU5tee Inductlon and tralnlr New Trn5tees undergo Informal orlentstlon sesslor8 ¥thlch 11￿￿te Irwltatlon to an Executlve Commlttee meetlw prlor to becomlng a Trustee, v151t1￿ the re815tered office of the comwny to fornillarise thernSe￿￿ ITh the way the organigtlon carries out Its day to doy dur￿$ and Implements deu'51ons. BUS1r￿SS ￿anni￿ the Memorondum afid Artl¢les of A550CiatloTh and financial performance are also covered in ihe prtrmeetin8 and an indLKlion p•¢k Is w0￿ded together wlth a 0￿-tO- one briefin8 5e55ion wlth ¢h¢ Chlef Officer. Tru5tee5 arn •Thcoura￿d io attend extèrnal traI￿nI events Internal brlefiw wlth staff whlth asslst them Irs undertaklngthelr role where and when rele¥aM and as apwoprlaté The trustees rewrt was apwoved by the Board of Tntstee Mr Stephen Oeasant Trusree Ichalrmanl Dated: 14th October 2021

VOLUNTARY ACTION NORTH EAST LINCOLNSHIRE

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF VOLUNTARY ACTION NORTH EAST LINCOLNSHIRE

I report to the trustees on my examination of the financial statements of Voluntary Action North East Lincolnshire (the charity) for the year ended 31 March 2021.

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

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

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:

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.

Andrew Robinson BCom (Hons), FCA

A P Robinson & Co (Grimsby) LLP Chartered Accountants 107 Cleethorpe Road

Grimsby North East Lincolnshire DN31 3ER

Dated: 14th October 2021

VOLUNTARY ACTION NORTH EAST LINCOLNSHIRE

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2021

Notes
Income from:
Donations and legacies
3
Charitable activities
4
Total income
Expenditure on:
Raising funds
5
Charitable activities
6
Total resources expended
Net outgoing resources before transfers
Gross transfers between funds
Net income/(expenditure) for the year/
Net movement in funds
Fund balances at 31 March 2020
Fund balances at 31 March 2021		 Unrestricted
funds
2021
£
71,298
206,483
277,781
1,894
203,626
205,520
72,261
72,261
105,232
177,494		 Restricted
funds
2021
£
414,930
-
414,930
-
385,143
385,143
29,787
29,787
135,567
165,354		 Total
2021
£
486,228
206,483
692,711
1,894
588,769
590,663
102,048
-
102,048
240,799
342,848		 Total
2020
£
580,859
186,104
766,962
3,884
804,088
807,971
41,009)
(
-
41,009)
(
281,808
240,799

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.

VOLUNTARY ACTION NORTH EAST LINCOLNSHIRE BALANCE SHEET ASA T31 MARCH2021 Debtor5 Cash at ban and In hand 13579 341535 31.947 222.7 355.114 255.646 Cr•diiors:moubtsfalllry duewltNn onè io 12.265 14,847 342,848 240,799 lnrtyngfw￿5 Restrlded fund5 fun Oesignated funds General unrestricted fund5 li 16535) 135,565 177J98 105,235 105,235 342.848 240.799 For the year endlng 3V03m21 the ￿l￿￿n¥ twas ent￿ed to ex•nWoTh from ay¢lt under Sec￿ 477 of the Companles Act Irn6 rd•tlni to sm411 The members have r￿1 regulrtd the corwrtytoabtaln In audit In sertKY$476 of the Companles Act 20J6. The dlrettors acnowledy the re4￿Ibility1Qr (omth¢ wmh the req￿rements Lrfthe kt w#h respect ￿ K(tyJntln¢ recrffds and forthe preparat￿n ol Kctyjnts. These actounts have been prepared In atttrfdancewlth the apF41(ableto(omparlesgJbhea tothesmallcompanles re8lme. The cwntsw¢fe apprtyd bytheTvustttsw 14th Od47ber 2021 Mrs Beasarrt Trustee -12-

VOLUNTARY ACTION NORTH EAST LINCOLNSHIRE

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2021

Notes
Income from:
Donations and legacies
3
Charitable activities
4
Total income
Expenditure on:
Raising funds
5
Charitable activities
6
Total resources expended
Net outgoing resources before transfers
Gross transfers between funds
Net income/(expenditure) for the year/
Net movement in funds
Fund balances at 31 March 2020
Fund balances at 31 March 2021		 Unrestricted
funds
2021
£
71,298
206,483
277,781
1,894
203,626
205,520
72,261
72,261
105,232
177,494		 Restricted
funds
2021
£
414,930
-
414,930
-
385,143
385,143
29,787
29,787
135,567
165,354		 Total
2021
£
486,228
206,483
692,711
1,894
588,769
590,663
102,048
-
102,048
240,799
342,848		 Total
2020
£
580,859
186,104
766,962
3,884
804,088
807,971
41,009)
(
-
41,009)
(
281,808
240,799

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.

VOLUNTARY ACTION NORTH EAST LINCOLNSHIRE

BALANCE SHEET

AS AT 31 MARCH 2021

Notes
Current assets
Debtors
9
Cash at bank and in hand
Creditors: amounts falling due within one ye
10
Income funds
Restricted funds
11
Unrestricted funds
Designated funds
General unrestricted funds		 £
13,579
341,535
355,114
12,265
177,498
2021		 £
342,848
165,350
177,498
342,848		 £
31,947
223,700
255,646
14,847
105,235
2020		 £
240,799
135,565
105,235
240,799

For the year ending 31/03/2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006; The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.

These accounts have been prepared in accordance with the provision applicable to companies subject to the small companies regime.

The accounts were approved by the Trustees on 14th October 2021

Mr S Beasant Trustee

Company Registration No. 02593527

VOLUNTARY ACTION NORTH EAST LINCOLNSHIRE

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2021

Notes
£
Cash flows from operating activities
Cash gained/(absorbed) by operations
Net cash used in investing activities
Net cash used in financing activities
Net increase/(decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
2021		 £
£
117,835
-
-
117,835
223,699
341,534
2020		 £
62,654)
(
-
-
62,654)
(
286,353
223,699

VOLUNTARY ACTION NORTH EAST LINCOLNSHIRE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

Charity information

Voluntary Action North East Lincolnshire is a private company limited by guarantee incorporated in England and Wales. The registered office is 82 Grimsby Road, Cleethorpes, North East Lincolnshire, DN35 7DP.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's [governing document], 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)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.

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 unless the funds have been designated for other purposes.

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 Incoming resources

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

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.

VOLUNTARY ACTION NORTH EAST LINCOLNSHIRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

(Continued)

1.5 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.

1.6 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Derecognition of financial liabilities

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

1.7 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.

1.8 Retirement benefits

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

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.

VOLUNTARY ACTION NORTH EAST LINCOLNSHIRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

3
4
5		 Donations and legacies
Unrestricted
funds
2021
£
Donations and gifts
1,530
Grants
67,818
Membership fees
1,950
71,298
For the year ended 31 March 2020
31,839
Charitable activities
Sales within charitable activities
Analysis by fund
Unrestricted funds
Restricted funds
Raising funds
Unrestricted
funds
2021
Fundraising and publicity
Other fundraising costs
1,894
1,894
For the year ended 31 March 2020
Fundraising and publicity
3,884		 Restricted
funds
2021
£
-
414,930
-
414,930
549,020
Restricted
funds
2021
-
-
-		 Total
funds
2021
£
1,530
482,748
1,950
486,228
Grants
2021
£
206,483
206,483
-
206,483
Total
2021
1,894
1,894		 Total
funds
2020
£
7,673
571,111
2,075
580,859
580,859
Grants
2020
£
186,104
182,387
3,717
186,104
Total
2020
3,884
3,884
3,884

VOLUNTARY ACTION NORTH EAST LINCOLNSHIRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

6
Charitable activities
Staff costs
Establishment costs
Repairs
Printing, postage and stationery
Office expenses
Volunteer expenses
Travel & subsistence
Project expenses
Sundry
Professional fees
Room hire
Staff training
Bad debts
Publicity and advertising
Participant allowances
Share of governance costs
Analysis by fund
Unrestricted funds
Restricted funds		 2021
£
213,983
4,174
777
5,930
2,861
2,660
2,190
287,827
180
57,861
-
5,923
-
-
1,436
585,802
2,967
588,769
203,626
385,143
588,769		 2020
£
271,315
19,823
940
5,777
6,024
9,588
3,300
430,993
1,349
41,792
2,581
1,182
367)
(
2,162
3,927
800,388
3,700
804,088
224,522
579,566
804,088

7 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

VOLUNTARY ACTION NORTH EAST LINCOLNSHIRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

8 Employees

Number of employees

The average monthly number of employees during the year was: 8

VA Core Development & Volunteer Centre
Projects
Employment costs
Wages and salaries
Social security costs
Other pension costs
There were no employees whose annual remuneration was £60,000 or more.
9
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
10
Creditors: amounts falling due within one year
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income		 2021
Number
5
3
8
2021
£
195,897
14,318
3,769
213,983
2021
£
11,826
-
1,753
13,579
2021
£
4,192
1,325
2,985
3,763
12,265		 2020
Number
6
4
10
2020
£
245,345
21,971
3,999
271,315
2020
£
19,934
10,000
2,013
31,947
2020
£
5,404
2,420
-
7,023
14,847

VOLUNTARY ACTION NORTH EAST LINCOLNSHIRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

11 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.

Balance at
31 March 2020
£
Big Local
132,600
631
439
1,048
-
310
1,190)
(
-
-
-
1,725
-
-
135,563
CAF Resilience fund
Crime Reduction
Fund
Connected
Communities
Neighbourhood
Watch Network
BBO Move
Blue Lights
BBO Steps Forward
Community Grants 5 -
BGUni
Neighbourhood
Networking - NLCF
g
Network
Development
Green Influencers
Hardship Fund		 Incoming
Resources
resources
expended
£
£
114,975
121,157)
(
39,440
40,468)
(
1,453
1,892)
(
8,392
9,440)
(
30,000
30,000)
(
96,326
95,405)
(
19,024
10,017)
(
20,006
20,006)
(
18,000
4,510)
(
12,000
10,447)
(
14,895
12,268)
(
15,421
4,532)
(
25,000
25,000)
(
414,931
385,143)
(
Movement in funds		 Transfers
£
-		 Balance at
31 March 2021
£
126,418
398)
(
-
0)
(
-
1,230
7,817
-
13,490
1,553
4,352
10,889
-
165,351

VOLUNTARY ACTION NORTH EAST LINCOLNSHIRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

13
Analysis of net assets between funds
2021
2021
£
£
Current assets/(liabilities)
342,848
-
342,848
-
14
Related party transactions
There were no disclosable related party transactions during the year (2020 - none).
15
Cash generated from operations
Deficit for the year
Movements in working capital:
Decrease/(increase) in debtors
Increase in creditors
Cash absorbed by operations
16
Analysis of changes in net funds
The charity had no debt during the year.
Fund balances at 31 March 2021 are
represented by:		 Total
2021
£
342,848
342,848
2021
£
102,048
18,368
2,582)
(
117,834		 Total
2020
£
240,799
240,799
2020
£
41,008)
(
21,305)
(
342)
(
62,655)
(