## **Bolton Community and Voluntary Services** ## **Annual report and financial statements Year ended 31 March 2021** Company number: **2615057** Charity number: **1003123** BOLTON COMMUNITY AND VOLUNTARY SERVICES CONTENTS **BOLTON COMMUNITY AND VOLUNTARY SERVICES** |Legal and Administrative Details|**1**| |---|---| |Report of the trustees (directors)|**2 - 17**| |Independent Auditor’s Report|**18 - 20**| |Statement of Financial Activities|**21**| |Balance Sheet|**22**| |Statement of Cash Flows|**23**| |Notes to the Financial Statements|**24 - 36**| ## **LEGAL AND ADMINISTRATIVE DETAIL** **Page 1** **BOLTON COMMUNITY AND VOLUNTARY SERVICES** ## **Trustees/Directors** Mrs S Hilton Mr I Ismail (Chair) Mr D A Kay (Treasurer) Ms G E Kay (appointed 10.09.20) Mr B Lyon Mrs J Maher Rev P Mason (Vice Chair) Ms F Noden (appointed 10.09.20) Mr V C Patel (appointed 10.09.20) Mrs V L Ramsden Mr M Smith Mrs R Mitchell-Denson (resigned 26.05.21) ## **Company Secretary/Chief Officer** Ms D Yates-Obé **Bolton Council Nominated Representative to the Board of** Councillor A Taylor-Burke (appointed **Trustees** 22.06.21) **Registered Office** The Bolton Hub Bold Street Bolton BL1 1LS **Auditor** R P Smith & Co Limited 2 Southport Road Chorley Lancashire PR7 1LB **Bankers** Royal Bank of Scotland plc 46-48 Deansgate Bolton BL1 1BH The trustees present their annual report and the audited financial statements of the charity for the year ended 31 March 2021. ## **Governing document** **Page 2** **BOLTON COMMUNITY AND VOLUNTARY SERVICES** Bolton Community and Voluntary Services (the organisation) is a charitable company limited by guarantee, incorporated on 24 May 1991 and registered as a charity on 7 June 1991. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. The Articles of Association were updated by Special Resolution on 18 March 2015. In the event of the company being wound up, members are required to contribute an amount not exceeding £1. ## **Charitable objects** Bolton Community and Voluntary Services (CVS) is a charitable company which exists to support voluntary and community organisations and promote voluntary action. The objects as stated in our Articles of Association are: _To promote any charitable purposes for the benefit of the public, principally but not exclusively in the Metropolitan Borough of Bolton (hereinafter called the "area of benefit") and, in particular, but not exclusively, to build the capacity of voluntary and community sector organisations and provide them with the necessary support, information and services to enable them to pursue or contribute to any charitable purpose; provided that in pursuing the Objects, the Charity shall pay due regard to the needs of minority or disadvantaged groups including ethnic minorities, and the promotion of community cohesion; To promote, organise and facilitate co-operation and partnership working between voluntary and community sector, statutory and other relevant bodies in the achievement of the above purposes within the area of benefit._ ## **Public benefit** Each year our trustees review our priorities and activities to ensure they continue to reflect our aims. In carrying out this review, the trustees have considered the Charity Commission's general guidance on public benefit. ## **Membership** Bolton CVS’s membership is crucial to our work. Membership is open to all VCSE sector organisations operating across the Borough of Bolton that fall within our criteria.The voice of the VCSE sector in Bolton is amplified, heard and has influence through the critical mass and mixture of expert providers of all sizes that includes community networks, community champions, campaigners, social movements, organisations, social entrepreneurs, groups, charities and other organisations that exist with the primary purpose of doing good and building stronger communities. ## **Mission, Vision & Values** Bolton CVS’s mission is succinctly and comprehensively outlined as ‘ _**working together to develop a diverse, strong and effective voluntary and**_ **Page 3** **BOLTON COMMUNITY AND VOLUNTARY SERVICES** _**community sector in Bolton**_ ’. Our mission guides our work in order to achieve our bold and ambitious vision of ‘ _**a sufficiently resourced and sustainable voluntary and community sector which successfully meets the diverse and changing needs of the people of Bolton**_ ’. The values that underpin our work are: - **Fairness** Our value of ‘Fairness’ is about being inclusive through celebrating diversity, promoting equality and accessibility in our work. We blend this with a commitment to working in partnership, supporting others and sharing our thoughts to stimulate and enable change. - **Friendline** Our value of ‘Friendliness’ is about being open and transparent and **ss** this highlights our organisation’s ability to look at the bigger picture, open the door to others, share our information, our skills, our experience and resources to strengthen communities in Bolton. - **Flexibility** Our value of ‘flexibility’ is about our ability to reflect, review and respond based on feedback, evaluation and influence. As an organisation we will adapt to change with the confidence and organisational structure to maintain stability for ourselves and the sector in Bolton. Bolton Community and Voluntary Services (the organisation) is a charitable company limited by guarantee ( _Company No. 2615057_ ), incorporated on 24 May 1991 and registered as a charity ( _Charity No. 1003123_ ) on 7 June 1991. Bolton CVS is a membership organisation with **589** members (31[st] March 2021) actively delivering programmes and activities in Bolton. We present our Annual Trustees Report and Accounts to the membership every year at our Annual General Meeting for adoption, as well as updating on our progress, performance and collective achievements. All organisational activity is aligned to the charitable objects as stated on the previous page. ## **Our People** **Page 4** **BOLTON COMMUNITY AND VOLUNTARY SERVICES** At 31[st] March 2021, Bolton CVS had 33 employees and this included 12 people who are deployed in other organisations through partnership programmes and 3 Health and Wellbeing Apprentices. The Senior Leadership Team is made up of the: Chief Executive; Deputy Chief Exec - Head of Services and Performance; Finance Manager, the Health, Wellbeing and Inclusion Programmes Manager and Services Team Leader. Bolton CVS has an active team of volunteers, supporting our work across a number of programmes includes grants delivery. There are **12** Trustees who donate their time to provide strategic leadership for the organisation and assess financial and operational performance. There is **1** ‘nominated representative’, a Councillor appointed by the Leader of Bolton Council at the beginning of each municipal calendar term. ## **Accountability & Governance Structure** The following diagram summarises our accountability and governance structure, outlining strategic and operational accountability and meetings: The ethos at Bolton CVS is building one team through our ‘One Bolton CVS’ commitment. To enable the effective delivery of services across the organisation, the whole team is organised into 4 core teams (as indicated below) for line management, coaching responsibilities and performance reporting. The following diagram outlines the teams’ structure and decision-making structure for the organisation. **Page 5** **BOLTON COMMUNITY AND VOLUNTARY SERVICES** ## **Recruitment and appointment of trustees** Member organisations of Bolton CVS can nominate representatives to the Bolton CVS Board of Trustees and the opportunity to recruit Trustees begins ahead of the Annual General Meeting. If there are more candidates than vacancies on the Board, an election is held at the Annual General Meeting. Bolton Council nominates one of its elected members (councillors) to serve as a representative on its behalf. In order to ensure that the Board of Trustees is representative of the full range of voluntary and community organisations in the Borough and bring the necessary skills to the Board to achieve our objectives, the Board of Trustees has the right to co-opt up to four representatives for a one-year term. Countless people have experienced devastating loss this year. One such loss felt by many across Bolton was that of Councillor David Greenhalgh. As Bolton Council’s nominated representative, Cllr Greenhalgh was a valued Board member, and was a valued partner of Bolton CVS for many years as part of his work in championing Bolton’s VCSE sector. His dedication to improving the lives of people in Bolton was an inspiration, and his legacy will live on with the efforts of each of the thousands of volunteers, VCSE sector employees and community members making a positive difference now, and the future generations that will follow. ## **Trustee terms, induction and board development** ## **Terms:** **Page 6** **BOLTON COMMUNITY AND VOLUNTARY SERVICES** The directors of the company are also charity trustees for the purposes of charity law and under the company's Articles are known as members of the Board of Trustees. Under the requirements of the Memorandum and Articles of Association, one third of the members of the Board of Trustees shall retire annually and remain eligible for re-election. The Honorary Treasurer is nominated by the Board of Trustees and appointed by the members of Bolton CVS as an ex officio member of the Board of Trustees. All trustees give of their time freely and no trustee remuneration was paid in the year. Details of trustee "out of pocket" expenses are disclosed in the accounts. Trustees are required to disclose all relevant interests and register them with the Company Secretary and, in accordance with the Bolton CVS policy, withdraw from decisions where a conflict of interest may arise. ## **Induction:** All new trustees that are appointed are invited to either a group or one-to-one induction session which provides an overview of the work of Bolton CVS and its projects, with an opportunity to meet the staff team. In addition to induction, new trustees are given a pack containing: - The main documents which set out the operational framework for the charity including the Memorandum and Articles of Association ~ Charity Commission publications (e.g. Roles and Responsibilities of Trustees). - A copy of the latest annual report and accounts. - A copy of the organisational budget and future projections. - Details of current and future plans and Operational Activity Plan. ## **Board development:** Trustees also invited to take part in training and development sessions throughout the year. There are regular strategic planning sessions and all Trustees are invited to attend training through Bolton CVS’s Stronger Together training programme that will support their personal and professional development. ## **Risk management** The charity regularly conducts reviews of the current and emerging risks to which it is exposed. A cycle of financial projections, scenario modelling and service reviews supports our organisational approach to risk, which also includes regular structural and safety reviews for our building offer. A comprehensive risk register is maintained and a summary of the significant risks is reviewed at each meeting of the Board of Trustees to escalate and to seek strategic input into developing the organisations systems or procedures in order to mitigate the risks the charity faces. A financial plan has been developed to mitigate the loss of external funding for some of the charity's activities and this plan is reviewed regularly, along with future financial forecasts. Internal control risks are minimised by the implementation of procedures laid down in the financial controls policy. Procedures are in place to ensure compliance with health and safety regulations within the premises occupied by the charity (the Bolton Hub) and where staff work remotely. All risk processes and procedures are annually reviewed to ensure they continue to meet the needs of the charity. **Page 7** **BOLTON COMMUNITY AND VOLUNTARY SERVICES** ## **Key Areas of Work** The work and activity of Bolton CVS is distributed across 4 operational teams with the following areas of focus: **----- Start of picture text -----**
Team: Responsible for:
Venue and  Ensuring the smooth day-to-day (and evening) running of the
Facilities venue and facilities offer .
 Maintaining a clean, safe and accessible place for the
whole Bolton CVS team, tenants and visitors.
 Day to day cleaning and maintenance repairs , within and
around the building.
 Increasing access and use of the Bolton Hub by community
focussed organisations.
 Ensuring the smooth running of all I.T. and communication
systems and being the point for escalation.
Finance and  Processing all income and expenditure transactions for
Funding Bolton CVS
 Processing payroll and pension for Bolton CVS.
 Producing monthly and quarterly management accounts ,
finance reports and year-end finance reports.
 Ensuring the smooth and effective delivery of all grants and
community investment programmes .
 Reporting on the reach and impact of community
investment and grants programmes .
Health and  Supporting the delivery of our funded engagement
Inclusion programmes .
 Strengthening the relationships with health and care
partners in the public sector.
 Delivering a strategic Health and Wellbeing
development programme.
 Responding to consultations and policy development and
building the VCSE sector evidence base .
 Ensuring strong connectivity with the VCSE sector across
all health and wellbeing programmes.
Volunteering  Delivering Bolton’s VCSE Local Infrastructure Support
and offer, with a focus on impact and social value.
Development  Effective start-to-end support for volunteers and volunteer
involving organisations.
 Increasing awareness of safeguarding and governance across
VCSE sector organisations.
 Delivering the Bolton CVS events calendar and increasing
our engagement in communities.
 Ensuring consistency and clarity across all Bolton CVS
communication outputs (internal and external).
**----- End of picture text -----**
**Page 8** **BOLTON COMMUNITY AND VOLUNTARY SERVICES** ## **Key achievements in the year** £1,506,707 worth of grants was administered in 2020/21, providing funding for over 200 groups. The 6 priorities of Bolton’s Fund were: 1. Children getting the best start in life. 2. Promoting healthy lifestyles and preventing ill health. 3. Empowering everyone in Bolton to reach their potential and take control of their lives. 4. Fair employment and good work for all. 5. Protecting and improving our environment to ensure a healthy standard of living for all. 6. Developing stronger cohesive, more confident healthy and sustainable places and communities. **Page 9** **BOLTON COMMUNITY AND VOLUNTARY SERVICES** Each funding round usually concentrates on one of the fund priorities, though we have introduced some special priorities addressing Covid-19 to support community work during the pandemic. . **Page 10** **BOLTON COMMUNITY AND VOLUNTARY SERVICES** ## **Change in service delivery due to Covid 19 pandemic** The monitoring data below is for quarters 2, 3 and 4 only. During quarter 1, in addition to the work outlined in the above monitoring figures, we reorganised delivery of services, relocated staff to a home working environment and coordinated the Urgent Response Volunteer initiative. We signed up **986 Urgent Response Volunteers** on our database. Rotas were populated for 643 shifts at vaccination sites across the borough by Urgent Response Volunteers. **26,527 items of PPE** including face masks, sanitiser gel, face visors, aprons and gloves have been distributed free of charge to **38** VCSE organisations **Page 11** BOLTON COMMUNITY AND VOLUNTARY SERVICES Quality: Quarters 2. 3 & 4 2020121 19 13 of VI%E 20 68 NUrnb￿r DI -2-1 452 48 Capacity Building SupporL- Quarters 2. 3 &4 74 450 of Trnining attantJDng BoIl￿n CVS training 109 341 Total of VCSÉ Sactor group* *upport•d ( Unrestricted funds at 31 March 2021 £213,698
Less: book value of fixed assets representing unrestricted £59,764
funds.
Less: designated for the development/maintenance of the
Bolton Hub and for service development £30,000
Free reserves at 31 March 2021 £123,934
**----- End of picture text -----**
## **Principal funding sources** Principal funders include Bolton MBC, NHS Bolton CCG, Bolton at Home and Greater Manchester Combined Authority. These organisations either directly funded our work or provided investment for Bolton CVS to distribute as grants and community investments during the year. Funds generated from rents and other sources of income generation also remain important, though obviously room hire income was massively affected by the pandemic. Our payroll service operated throughout the year but has ended with effect from 6 April 2021. Other fundraising activity during the year was minimal due to the pandemic and no professional fundraisers were employed. ## **Investment policy** A significant proportion of the charity's funds are to be spent in the short term and a prudent amount has been kept available to maintain a healthy cash flow. We have specific investments held under the Big Bolton Fund which are invested in line with our organisational policy and with approval from the Board of Trustees. Our investments are deemed to be low risk. ## **Plans for 2021/22:** Bolton CVS’ strategic priorities for 2021/22 are: **Page 15** **BOLTON COMMUNITY AND VOLUNTARY SERVICES** Some of the ways we will achieve our strategic aims are via: ## **Bolton’s Fund** The priorities for the Bolton’s Fund 2021/22 are in the process of being approved by cabinet. Proposed themes are expected to focus on: - Mental health and emotional well-being all ages. - Connecting people - likely to be a small fund supporting informal engagement, conversations, and connections and building confidence for people who have not been getting out. - An open fund where applications can address any one of Bolton’s Fund’s 6 priorities. - Social enterprise and skills. - Children and young people. - Health and well-being. - Community cohesion and community safety. - An annual festive fund and an environmental fund. - Community assets development. All the small community funds are now open and since Covid we are running these on a rolling basis, so groups don’t have to wait for a specific opening time or submit for a deadline. See Bolton CVS Grants: https://www.boltoncvs.org.uk/bolton-CVS-grants **‘Big Ticket’ events in 2021/22 will include:** **Page 16** **BOLTON COMMUNITY AND VOLUNTARY SERVICES** ## **Responding to emerging need** In order to be responsive to emerging needs as we continue to live with Covid 19, in addition to the work mapped in the 2021/22 Operations Plan (see attached), Bolton CVS will: - Collaborate with partners to support the VCSE sector to improve digital literacy and inclusion; and create blended online and in person collaboration spaces at The Bolton Hub. - Further showcase and celebrate the contributions of the VCSE sector organisations and individual volunteers, during the ongoing pandemic - Continue to monitor easing of social distancing measures in preparation to reintroduce BCVS staff to office/community based work environments. ## **State of the Sector 2017-2020 Report Launch: A Call to Action** The launch of the State of the Sector 2017-2020 Report will be significant to our work during 2021/22, as it carries an important call to action for Bolton CVS: The VCSE sector has faced significant challenges as a result of austerity, Brexit and latterly the COVID pandemic. The VCSE has had to respond and adapt quickly to change, to meet increased demand for their services and to work differently to meet the needs of beneficiaries. The sector has shown amazing agility, creativity, passion and commitment in tackling inequalities, which have been brought into sharper focus as a result of the pandemic. The VCSE sector in Bolton is unique in its diversity - it’s an eco-system made up of over 1600 groups and organisations reaching deep into communities. Over 70% of these groups are micro and small and completely volunteer-led and managed, making their contribution even more incredible. The impact of the sector extends to all areas of life – delivering valuable preventative services that keep people well, build stronger communities and environments and empower through education and training. Social enterprise is growing in Bolton, providing greater local employment opportunities and more options to ‘buy local’, both of which support the local economy. **Page 17** ## **BOLTON COMMUNITY AND VOLUNTARY SERVICES** Volunteering has changed during the pandemic. We have seen a huge response from local people wanting to give their time to support others – both existing volunteers and those completely new to it. We’ve seen interest and enthusiasm from people from all walks of life and all ages wanting to give something back to their community, to help neighbours, to set up mutual aid initiatives or connect with existing VCSE groups. In Bolton, we have over 58,000 volunteers giving 211,223 hours each week, the equivalent of £104m per annum based on the Real Living Wage. We want to harness that passion and enthusiasm for volunteering and create more opportunities for people of all ages, experiences and backgrounds to get involved in their communities. The report brings into focus the wealth of social value created by the VCSE sector. It highlights the importance of relationships between the VCSE, Public and Private sectors; in creating strong outcomes for local people through promotion of social action and investment in funding programmes like Bolton’s Fund, which not only keep vital services going but also stimulate new community activity. Whilst there are many positives in the report, it also highlights the fragile nature of the voluntary, community and social enterprise sector in Bolton. The pandemic has had a significant impact on the sector in terms of income generation, use of reserves to keep services going, loss of staff through furlough and reduced ability to connect with members and volunteers, as a result of social distancing measures. The report highlights how the pandemic has brought existing needs, particularly those of BAME communities to the forefront. Issues such as mental health problems, domestic violence and food poverty have all been exacerbated in areas that were already experiencing deprivation, poverty and health inequalities. This is a call to action for Bolton CVS in ensuring the sector has access to information and support in planning and building services which meet the needs of beneficiaries, promote workforce wellbeing and embrace new and different ways of connecting with people, for example, through use of digital technologies. It’s important that we continue to listen to the sector, value its insights and commit to the principles of co-design, co-production and meaningful collaboration with partners, through commissioning and design of future services. **Page 18** **BOLTON COMMUNITY AND VOLUNTARY SERVICES** ## **Statement of Trustees’ Responsibilities** The trustees who held office during the year are set out on page 1. The trustees (who are also directors 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: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgments and estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; - 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 that are sufficient to show and explain the company’s transactions and 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. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. ## **Statement of disclosure to auditors** So far as the directors are aware, there is no relevant audit information of which the company’s auditors are unaware. Additionally, the directors have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the charity’s auditors are aware of that information. ## **Appointment of auditor** A resolution for the reappointment of R P Smith & Co as auditor for the financial year ending 31 March 2022 will be proposed at the forthcoming Annual General Meeting. ## **Approval of report** In preparing this report advantage has been taken of the small companies’ exemption. **Page 19** **BOLTON COMMUNITY AND VOLUNTARY SERVICES** This report was approved by the board and signed on its behalf by: **I Ismail Chair 9 September 2021** **Page 20** ## **INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF BOLTON COMMUNITY AND VOLUNTARY SERVICES YEAR ENDED 31 MARCH 2021** ## **Opinion** We have audited the financial statements of Bolton Community and Voluntary Services for the year ended 31 March 2021 which comprise the statement of financial activities, the balance sheet, statement of cash flows 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, including Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (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 2021 and of its incoming resources and application of resources 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 Companies Act 2006. ## **Basis of 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 Auditor’s 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 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 responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. ## **Other information** The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. 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. 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 course of 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. ## **Opinion on other matter prescribed by the Companies Act 2006** In our opinion based on the work undertaken in the course of our audit: - the information given in the trustees’ report, which includes the directors’ report prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements; and - the directors’ report included within the trustees’ report has been prepared in accordance with applicable legal requirements. ## **INDEPENDENT AUDITORS’ REPORT (CONTINUED) TO THE MEMBERS OF BOLTON COMMUNITY AND VOLUNTARY SERVICES YEAR ENDED 31 MARCH 2021** ## **Matters on which we are required to report by exception** In 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 directors’ report included within the trustees’ report. We have nothing to report in respect of the following matters in relation to which 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. ## **Responsibilities of trustees** As explained more fully in the statement of trustees’ responsibilities, the trustees (who are also directors of Bolton Community and Voluntary Services 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. ## **Auditor’s 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 an auditor’s report 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. Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows: - the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise noncompliance with applicable laws and regulations; - we identified the laws and regulations applicable to the charitable company through discussions with trustees and other management, and from our commercial knowledge and experience of the charity sector; - we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the charity, including the Companies Act 2006, taxation legislation and data protection, employment, environmental and health and safety legislation; - we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and - identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. ## **INDEPENDENT AUDITORS’ REPORT** ## **TO THE MEMBERS OF BOLTON COMMUNITY AND VOLUNTARY SERVICES YEAR ENDED 31 MARCH 2021** We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by: - making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and - considering the internal controls in place to mitigate risks of fraud and noncompliance with laws and regulations. To address the risk of fraud through management bias and override of controls, we: - performed analytical procedures to identify any unusual or unexpected relationships; - tested journal entries to identify unusual transactions; and - assessed whether judgements and assumptions made in determining the accounting estimates were indicative or potential bias. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to: - agreeing financial statement disclosures to underlying supporting documentation; - reading the minutes of meetings of those charged with governance; - enquiring of management as to actual and potential litigation and claims; and - reviewing correspondence with relevant regulators and the company’s legal advisors. There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect that those that arise from error as they may involve deliberate concealment or collusion. 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/auditorsresponsibilities. This description forms part of our auditor’s report. ## **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 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 auditor’s 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 members as a body, for our audit work, for this report, or for the opinion we have formed **Simon J Worswick FCA, Senior Statutory Auditor For and on behalf of RP Smith & Co Limited Chartered Accountants and Statutory Auditors 2 Southport Road, Chorley, Lancashire PR7 1LB** **9 September 2021** **BOLTON COMMUNITY AND VOLUNTARY SERVICES** ## **STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 MARCH 2021** |**Notes**
**Income**
Donations and legacies
2
Charitable activities
2
Other trading activities
2
Investments
**Total income**
**Expenditure**
Raising funds
4
Charitable activities
4
**Total expenditure**
**Net income/(expenditure) before transfers**
3
Transfers
14
**Net movements after transfers**
Funds brought forward
**Funds carried forward**
14|**2021**
**Unrestric**
**tedfunds**
**2021**
**Restricte**
**d**
**funds**
**2021**
**Total**
**funds**
**2020**
**Unrestric**
**tedfunds**
**2020**
**Restricte**
**d**
**funds**
**2020**
**Total**
**funds**
**£**
**£**
**£**
**£**
**£**
**£**
-
20
20
748
-
748
-
2,282,854
2,282,854
56,137
2,193,300
2,249,437
157,358
-
157,358
130,243
0
130,243
-
2,125
2,125
-
4,490
4,490| |---|---| ||157,358
2,284,999
2,442,357
187,128
2,197,790
2,384,918| ||83,122
10,737
93,859
127,059
2,087
129,146
122,771
2,049,777
2,172,548
155,057
1,404,777
1,559,834| ||205,893
2,060,514
2,266,407
282,116
1,406,864
1,688,980| ||(48,535)
224,486
175,950
(94,988)
790,926
695,938
93,282
(93,282)
-
48,082
(48,082)
-| ||44,747
131,203
175,950
(49,906)
742,844
695,938
168,951
2,115,061
2,284,012
215,857
1,372,217
1,588,074| ||213,698
2,246,264
2,259,962
168,951
2,115,061
2,284,012| This statement also comprises an Income and Expenditure Account. All of the charity’s activities are classed as continuing. ## **BOLTON COMMUNITY AND VOLUNTARY SERVICES** ## **BALANCE SHEET AS AT 31 MARCH 2021** |**Notes**
**Fixed assets**
Tangible assets
7
Investments
8
**Current assets**
Debtors
9
Cash at bank and in hand
**Creditors: amounts falling due**
**within one year**
10
**Net current assets**
**Total assets less current liabilities**
**Creditors: amounts falling due**
**After more than one year**
11
**Net assets**
12
**Funds**
Unrestricted funds
13
Restricted funds
13
**Total funds**|**2021**
**£**
728,146
195,783
923,929
136,936
1,582,673
1,719,609
(177,576)
1,542,033
2,465,962
(6,000)
2,459,962
213,698
2,246,264
2,459,962|**2020**
**£**
744,819
195,783| |---|---|---| |||940,602| |||207,667
1,214,393| |||1,422,060
(66,650)| |||1,355,410| |||2,296,012
(12,000)| |||2,284,012| |||168,951
2,115,061| |||2,284,012| These financial statements are prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. The financial statements were approved by the board on 9 September 2021 and signed on its behalf by: **D Kay Treasurer** **Company registration number: 2615057** ## **BOLTON COMMUNITY AND VOLUNTARY SERVICES** ## **STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2021** |**Reconciliation of net income to net infow from**
**operating activities**
Net income for the year
Adjustments for:
Depreciation
Investment income
Decrease/(increase) in debtors
Increase/(decrease) in creditors
**Net cash provided by operating activities**
**Cash infow/(outfow) from investing activities**
Investment income received
Additions to investments held
Purchase of tangible fxed assets
Loan repayments made
**Net cash (used in) or generated from investing activities**
Net increase in cash and cash equivalents in the year
Cash and cash equivalents brought forward
**Cash and cash equivalents carried forward (see below)**
**Analysis of cash and cash equivalents**
Cash at bank and in hand
Cash in short term deposit accounts|**2021**
**£**
175,950
16,673
(2,125)
70,731
110,926
372,155
2,125
-
-
(6,000)
(3,875)
368,280
1,214,393
1,582,673
2,296
1,580,377
1,582,673|**2020**
**£**
695,938
17,908
(4,490)
(135,996)
(138,629)| |---|---|---| |||434,731| |||4,490
-
(5,245)
(6,000)| |||(6,755)| |||427,976
786,417| |||1,214,393| |||1,000
1,213,393| |||1,214,393| ## **BOLTON COMMUNITY AND VOLUNTARY SERVICES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021** ## **1. Accounting policies** Bolton Community and Voluntary Services (Bolton CVS) is a private company limited by guarantee and incorporated in England and Wales. Its registered office is The Hub, Bold Street, Bolton. ## 1.1 **Accounting convention** The financial statements have been prepared in accordance with the charity’s Memorandum and Articles of Association, the Companies Act 2006, the Charities Act 2011 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 accounts are prepared in sterling, which is the functional currency of the charity. The accounts have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. ## 1.2 **Going concern basis** At the time of approving the accounts the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The trustees therefore continue to adopt the going concern basis of accounting in preparing the accounts. ## 1.3 **Fund accounting** Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Designated funds are unrestricted funds which the trustees decide should be set aside for specific projects or purposes. Restricted funds are subject to specific conditions imposed by donors as to how they may be used. Expenditure which meets these criteria is allocated against the relevant fund. ## 1.4 **Income, including grants** Income is recognised on a receivable basis and is reported gross of related expenditure. Income is recognised when the charity has entitlement to the funds, any performance conditions have been met or are fully within the control of the charity, it is probable that the income will be received and the amount can be measured reliably. Grants are generally recognised on receipt, or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. Grant income received or invoiced in the period which relates to a performancerelated condition fulfilled in a later period is deferred to that later period. A grant that specifies performance conditions is recognised in income when the performance conditions are met. Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. Income from services such as payroll and training is recognised once the service has been provided, whilst income from rent of office space and room hire is recognised in the period to which the rental relates. Income from other fundraising activities is recognised once the event has taken place and monies have been received. Donations are recognised once the charity has been notified of the gift, unless conditions require the deferral of the amount. **Page 27** ## **BOLTON COMMUNITY AND VOLUNTARY SERVICES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021** **Page 28** **BOLTON COMMUNITY AND VOLUNTARY SERVICES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021** ## 1.5 **Expenditure** All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to that category. Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required, and the amount of the obligation can be measured reliably. Costs of raising funds comprise the costs of trading and similar activities and the associated support costs of those activities. Such activities include payroll and training services, renting of offices and hire of rooms. Charitable expenditure comprises those costs directly incurred by the charity in the delivery to beneficiaries of its core activities and services, including grants administration. The support costs associated with delivery of these activities and services is also included. Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity. Support costs include those central functions which assist the work of the charity but do not directly undertake charitable activities. They are allocated to the activity cost categories on bases consistent with the use of the resources, as set out in note 3. ## 1.6 **Transfers between funds** Transfers between funds arise when expenditure is incurred in one fund which can be funded or part-funded by income of another fund. Transfers may also be made from unrestricted funds to clear excess expenditure over income arising in restricted funds. ## 1.7 **Pensions** The company subscribes to a defined contribution scheme covering the majority of its permanent employees. The assets of the scheme are held separately from those of the charity. The pension costs charged in the financial statements represent the contributions payable by the company during the year. ## 1.8 **Operating leases** Operating lease rentals are charged to the Statement of Financial Activities as incurred. ## 1.9 **Tangible fixed assets** Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost of each asset over its estimated useful life, taking into account estimated residual value, as follows: - Freehold building straight line over 100 years - Telephone equipment straight line over 3 years - Furniture, fittings and equipment 25% pa on a reducing balance basis - Computer equipment 25% pa on a reducing balance basis ## 1.10 **Investments** The charity’s investments comprise of bank deposits. Income from these investments is recognised when the conditions for receipt of the income are met and there is adequate certainty of receipt (see Note 1.4). **Page 29** ## **BOLTON COMMUNITY AND VOLUNTARY SERVICES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021** **Page 30** ## **BOLTON COMMUNITY AND VOLUNTARY SERVICES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021** ## 1.11 **Debtors** Trade and other debtors are recognised at the settlement amount due. ## 1.12 **Cash at bank and in hand** Cash at bank and in hand includes cash and short term highly liquid bank deposits. ## 1.13 **Creditors** Creditors are recognised when the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due. Deferred income is income which is included in the year in debtors or has been received into the bank, but which relates to a subsequent period, such as a grant relating specifically to a future period. It is recognised in the Statement of Financial Activities of that period. ## 1.14 **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, such debtors and cash and bank balances (including bank deposits held as fixed asset investments), are accounted for as per notes 1.11 and 1.12. ## **Basic financial liabilities** Basic financial liabilities, which include creditors, are recognised as per note 1.13. **Page 31** ## **BOLTON COMMUNITY AND VOLUNTARY SERVICES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021** |**2.**
**Details of incoming resources**
**Donations and legacies**
Small donations, grants and returned
grants
**Income relating to charitable**
**activities**
GMCVO Ambition for Ageing
BMBC Adult Services - Carers’ Grants
BMBC Chief Executive’s Department
BMBC Strategic Health Development
BMBC Standing Together
BMBC Small Grants and other
BMBC - Bolton’s Community Fund
Bolton at Home
NHS Bolton CCG
NHS Bolton Hospital FT
Eric Wright
Greater Manchester Combined Authority
Other grants
**Other**
**trading**
**and**
**income**
**generating activities**
Rents and room hire
Payroll, training and other income|**Unrestric**
**ted**
**funds**
**Restricte**
**d**
**funds**
**2021**
**Total**
**funds**
**2020**
**Total**
**funds**
**£**
**£**
**£**
**£**
-
20
20
748| |---|---| ||-
20
20
748| ||| ||-
-
-
100,000
-
-
-
9,000
-
200,000
200,000
198,403
-
282,135
282,135
60,971
-
121,000
121,000
92,480
-
47,500
47,500
30,491
-
894,233
894,233
400,000
-
74,523
74,523
312,041
-
69,019
69,019
880,701
-
70,031
70,031
-
-
-
-
15,000
-
480,000
480,000
75,000
-
44,413
44,413
75,350| ||-
2,282,854
2,282,854
2,249,437| ||| ||86,553
-
86,553
109,693
70,805
-
70,805
20,550| ||157,358
-
157,358
130,243| Payroll, training and other income of £70,805 above includes support grants of £59,262, of which £15,521 is job support grants. ## **3. Net income for the year** |**3.**
**Net income for the year**||| |---|---|---| |This is stated after charging:|**2021**|**2020**| ||**£**|**£**| |Depreciation|16,673|17,908| |Auditor’s fees (including VAT)|4,140|4,020| **Page 32** ## **BOLTON COMMUNITY AND VOLUNTARY SERVICES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021** |**4.**
**Expenditure**
**Raising funds**
Employment costs
Depreciation charges
Fundraising resources and other trading
costs
Insurance, telephone, ofce costs and
IT
Premises and utility costs
Publicity and communication
Other expenditure, including volunteer
costs
**Charitable activities**
Grants payable (note 16)
Partnership and similar costs
Employment costs
Bank charges, loan interest and similar
costs
Depreciation charges
Insurance, telephone, ofce costs and
IT
Meetings and travel costs
Premises and utility costs
Publicity and communication
Subscriptions, consultancy and
professional fees
Training costs
Other expenditure, including volunteer
costs|**2021**
**2020**
**£**
**£**
44,642
66,693
5,166
3,966
13,114
10,462
10,470
13,890
20,467
29,975
-
2,947
-
1,213| |---|---| ||93,859
129,146| ||1,506,707
785,592
14,248
141,262
566,448
517,930
997
1,266
11,507
13,942
29,879
33,732
1,499
4,251
8,170
10,747
344
15,223
22,487
26,150
7,840
7,509
2,422
2,230| ||2,172,548
1,559,834| ## **Support costs and governance costs** Included above are support costs of £99,787 (2020 £89,275) in respect of salaries, premises costs, IT expenditure and legal and professional fees, amongst other things, which are necessary to underpin the services which Bolton CVS provides. Governance costs of £6,408 (2020 £6,270) are included in the expenditure on charitable activities. ## **Staff costs and numbers** |Staf costs were as follows:
Salaries, benefts and secondment
National insurance costs
Employer’s pension contributions|**2021**
**£**
543,353
34,113
33,624
611,090|**2020**
**£**
514,791
37,311
32,521| |---|---|---| |||584,623| **Page 33** ## **BOLTON COMMUNITY AND VOLUNTARY SERVICES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021** The average number of employees was 29 (2020: 27), consisting of 24 (2020: 22) service staff and 5 (2020: 5) management and administration staff. No employee received emoluments of more than £60,000. The total of remuneration and benefits applicable to key management personnel, excluding national insurance cost, was £121,453 (2020 £136,121). ## **5. Pension costs** The charity subscribes to a defined contribution pension scheme in respect of the majority of its permanent employees. The scheme and its assets are held by independent managers. The pension costs shown in note 5 represent contributions due from the company in the year. ## **6. Trustees and other related parties** With the exception of the following, the trustees received no remuneration or benefits during the year, nor were any trustees’ expenses reimbursed. The charity’s main insurance policy includes an element of trustee indemnity taken out for business purposes and not as a benefit to the trustees. Due to the nature of the charity’s transactions, there are numerous transactions with other charities and organisations with which some of the trustees have an association. These are undertaken on an arm’s length basis, which the charity is able to demonstrate. The Treasurer, Mr D Kay, is a part-owner of Beech Business Services Limited, which provided accounting services to the value of £1,938 plus VAT during the year (2020 £2,399). Nothing was owing to Beech Business Services at year end. These services are provided on an arm’s length basis and approved by the Board of Trustees. |**7.**
**Tangible fxed**
**assets**
**Cost**
At 1 April 2020
Additions
Disposals
At 31 March 2021
**Depreciation**
At 1 April 2020
Charge for the year
On disposals
At 31 March 2021
**Net book value**
At 31 March 2021
At 31 March 2020|**Freehold**
**property**
**Computer**
**&**
**telephone**
**equipmen**
**t**
**Furniture,**
**fttings &**
**equipment**
**Total**
**£**
**£**
**£**
**£**
750,000
36,880
52,688
839,568
-
-
-
-
-
-
-
-| |---|---| ||750,000
36,880
52,688
839,568| ||45,000
26,803
22,946
94,749
7,500
2,520
6,653
16,673
-
-
-
-| ||52,500
29,323
29,599
111,422| ||697,500
7,557
23,089
728,146| ||| ||705,000
10,077
29,742
744,819| ## **8. Investments** **Cash investments at cost** **Total** **Page 34** ## **BOLTON COMMUNITY AND VOLUNTARY SERVICES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021** |At start of year
Additions
At end of the year
**9.**
**Debtors**
**2021**
**£**
Trade debtors
128,871
Prepayments
7,677
Other taxes and social security
388
136,936
**10.**
**Creditors: amounts falling due within one year**
**2021**
**£**
Trade creditors
25,266
Accruals and deferred income
145,942
Other creditors
368
BMBC loan
6,000
177,576
**11.**
**Creditors: amounts falling due after more than one year**
**2021**
**£**
BMBC loan (element payable in 2 -5 years)
6,000
**12.**
**Analysis of net assets between funds**
**Unrestrict**
**ed**
**funds**
**Restricte**
**d**
**funds**
**At 31 March 2021:**
**£**
**£**
Tangible fxed assets
59,764
668,382
Investments
18,000
177,783
Net current assets
141,934
1,400,099
Long term liabilities
(6,000)
-||**£**
195,783
-| |---|---|---| |||195,783| |||**2020**
**£**
199,862
7,805
-
207,667
**2020**
**£**
13,393
43,130
4,127
6,000
66,650
**2020**
**£**
12,000
**Total**
**£**
728,146
195,783
1,542,03
3
(6,000)| |||| |||| |||| |||| |||| **Page 35** ## **BOLTON COMMUNITY AND VOLUNTARY SERVICES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021** |**At 31 March 2020:**
Tangible fxed assets
Investments
Net current assets
Long term liabilities|213,698
69,110
18,000
93,841
(12,000)
168,951|2,246,264
675,709
177,783
1,261,569
-
2,115,061|2,459,96
2| |---|---|---|---| ||||744,819
195,783
1,355,41
0
(12,000)| ||||2,284,01
2| **Page 36** ## **BOLTON COMMUNITY AND VOLUNTARY SERVICES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021** |**13.**
**Movements in funds**
**Restricted funds**
BMBC VC infrastructure support
Engagement
Strategic Health Development
BMBC Small Grants
Big Bolton Fund Small Grants
Big Bolton Fund Investment
Bolton Literacy Trust
Grants for Other Groups
ETAG
Bolton at Home Peer Navigators
Bolton at Home Community Investments
Bolton’s Fund Community Investment
The Hub Building Fund
Ambition for Ageing
NHS Bolton CCG – Thrive/CYP MH
Transformation Fund: CANS/CIP/Co-
design
NHS Bolton CCG – VCSE Commissioning
BMBC Standing Together programme
NHS Bolton Foundation Trust
GM Combined Authority VRU
Other grants
**Unrestricted funds**
General Fund
**Total funds**|**Balance at**
**31.03.19**
**2019/20**
**Income**
**2019/20**
**Expenditu**
**re**
**2019/20**
**Transfers**
**Balance**
**at**
**31.03.20**
**2020/21**
**Income**
**2020/21**
**Expenditu**
**re**
**2020/2**
**1**
**Transfe**
**rs**
**Balance**
**at**
**31.03.21**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
-
166,667
(166,605)
-
62
200,000
(200,000)
-
62
4,774
8,965
(13,738)
-
1
(1)
-
-
-
30,585
60,971
(89,356)
-
2,200
102,135
(70,119)
(6,597)
27,619
7,639
13,375
(16,014)
-
5,000
42,054
(33,084)
(3,000)
10,970
12,701
4,490
(17,138)
-
53
2,145
-
-
2,198
194,052
-
-
-
194,052
-
-
-
194,052
9,742
-
(240)
-
9,502
-
-
-
9,502
11,340
135,764
(92,653)
(6,890)
47,561
23,500
(19,619)
(3,750)
47,692
233
7,949
(7,845)
-
337
7,613
(7,950)
-
-
67,926
233,041
(54,595)
(5,167)
231,205
58,683
(66,837)
(9,125)
213,926
-
82,560
(31,355)
(5,560)
45,645
15,840
(25,242)
(5,400)
30,843
839
406,440
(50,034)
-
357,245
1,074,233
(1,110,47
8)
-
321,000
683,082
-
(7,376)
-
675,706
-
(7,328)
-
668,378
78,582
100,000
(142,799)
(15,009)
20,774
-
(1,592)
-
19,182
95,070
200,810
(95,903)
-
199,977
-
(112,887)
(1,681)
85,409
96,356
566,914
(493,450)
(500)
169,320
19,859
(43,337)
(20,00
0)
125,842
-
-
-
-
-
41,548
(7,747)
(450)
33,351
70,000
92,480
(83,976)
(11,726)
66,778
121,000
(117,621)
(7,000)
63,157
-
37,364
(27,555)
(1,730)
8,079
54,031
(30,268)
(23,82
9)
8,013
-
75,000
(754)
-
74,246
480,000
(167,682)
(9,375)
377,189
9,296
15,000
(15,478)
(1,500)
7,318
42,359
(38,723)
(3,075)
7,879| |---|---| ||1,372,217
2,197,790
(1,406,86
4)
(48,082)
2,115,061
2,284,999
(2,060,51
4)
(93,28
2)
2,246,26
4| ||215,857
187,128
(282,116)
48,082
168,951
157,358
(205,893)
93,282
213,698| ||1,588,074
2,394,918
(1,688,98
-
2,284,012
2,442,357
(2,266,407
-
2,459,96| 2 ## **BOLTON COMMUNITY AND VOLUNTARY SERVICES** # **NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021** 0) ) Transfers between funds generally represent charges made for the management of a particular fund in line with the conditions of the funding provided. ## **BOLTON COMMUNITY AND VOLUNTARY SERVICES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021** ## **14. Information about restricted funds** BMBC VC Infrastructure Support is a VCSE contract secured with BMBC 2019. It is focused on providing tailored development support to VSCE sector groups and organisations and delivering Bolton’s volunteering support offer. Strategic Health Development: funding is provided through Bolton Council (Public Health) in order to promote communication and develop stronger partnership working between the voluntary and community sector in Bolton and other statutory health and social care partners. BBF Small Grants and Bolton’s Fund Community Investments: funds which Bolton CVS manages on behalf of others to award as community grants within Bolton. Primarily these funds come from Bolton Council’s Chief Executive’s Department, with additional contributions this year from The Sir James and Lady Scott Trust and MBDA. Big Bolton Fund Investment: income donated to Bolton CVS to invest in order to produce revenue to award as grants and investment in Bolton. Big Bolton Fund Small Grants: the income generated from the Big Bolton Fund Investment account which is awarded as grants in Bolton. Bolton Literacy Trust: this is a one-off donation to promote literacy, numeracy and ICT skills through grants, bursaries, and support for the training programme based at the Hub and support of Bolton Book Appeal. The Hub Building Fund: this represents funds transferred into Bolton CVS from Bolton Trinity Centre Ltd. on the merger of the two organisations in 2014/15, less any depreciation charges made on the building and other tangible fixed assets which are represented by the fund. The fund is a restricted one as it represents assets originally acquired by Bolton Trinity Centre via grants from Big Lottery, Neighbourhood Renewal Fund, NLDC, ERDF and The Sir James and Lady Scott Trust. The fund will be reduced each year by the depreciation charged on the tangible fixed assets concerned. Ambition for Ageing: this programme is funded by a grant received from The Big Lottery and money from GMCVO. It represents an approach to social isolation that places older people at its centre, ensuring their contribution to civic, cultural and economic life is maximised and fully recognised across the Borough. NHS Bolton CCG provides funding for Thrive, which is an alliance approach to improving access to early intervention and preventative support for the children and young people’s mental health service, and for an 18-month apprenticeship pilot funded through Greater Manchester Health and Social Care Partnership’s Transformation Fund, testing a VCSE sector-led place-based health and care focused apprenticeships model. Bolton at Home provides funding to undertake a range of projects, including building knowledge and awareness of social value, increasing access to volunteering and distributing their Community Investments Grant Programme and Tonge Big Local Investments Programme. Transformation Fund income funded predominantly the distribution of the Health and Wellbeing Community Investments and the Community Asset Navigator Programme. NHS Bolton Foundation Trust funding is for a project to increase the Foundation Trust’s connectivity with Bolton’s VCSE sector. It invests in capacity to deliver specific projects and coordinate co-design and communication between the Trust and the VCSE sector. GM Combined Authority Violence Reduction Unit funding is to deliver a project on behalf of 10GM, developing community-led approaches in six different locations across Greater Manchester. Other funds include a two year Engagement Officer post, which is being funded by Bolton and South Lancashire Community Rail Partnership, and a grant received from Forever Manchester, which funded a six month Divers Communities Engagement Worker post. **15. Controlling interests** ## **BOLTON COMMUNITY AND VOLUNTARY SERVICES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021** No controlling party has been identified. ## **BOLTON COMMUNITY AND VOLUNTARY SERVICES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021** ## **16. Grants payable Recipients of £1,500 or more** |**Recipients of £1,500 or more**|| |---|---| |39th Bolton Mount Scouts|£2,960| |39th Bolton Mount Scouts|£1,798| |84 Youth|£12,980| |Action Together|£1,500| |Age UK Bolton|£3,300| |Age UK Bolton|£2,688| |Ainsdale Road Comm Assoc - Bolton Diggers|£1,600| |Angels Dance|£3,097| |Anne Frank Trust|£3,378| |Asian Elders RC|£3,300| |Baby Basics|£7,900| |Backup NW|£5,000| |BAND|£27,000| |BAND|£3,300| |Befriending Refugees & Asylum Seekers|£9,000| |Beneft Mankind|£5,000| |Blackrod Cricket Club|£5,000| |Blackrod Sports & Community Centre|£5,000| |Blackrod Sports & Community Centre|£5,000| |Blackrod Sports & Community Centre|£4,775| |Blackrod Sports & Community Centre|£1,500| |BME Women's Network|£4,900| |Bolton & South Lancashire Community Rail Partnership|£2,100| |Bolton Advice Centre|£3,990| |Bolton Advice Centre|£2,770| |Bolton at Home|£50,000| |Bolton Bridges Adullam|£3,780| |Bolton Carers Support|£3,300| |Bolton Carers Support|£2,688| |Bolton Council of Mosques|£13,796| |Bolton Council of Mosques|£10,377| |Bolton Deaf Society|£4,200| |Bolton Deaf Society|£25,000| |Bolton Dementia Support Group|£20,000| |Bolton Dementia Support Group|£3,300| |Bolton FM|£1,560| |Bolton Guild of Help|£10,000| |Bolton Hindu Forum|£9,177| |Bolton Hindu Forum|£2,633| |Bolton Hindu Forum|£2,000| |Bolton Hospice|£2,688| |Bolton Interfaith Council|£11,817| |Bolton Interfaith Council|£2,860| |Bolton Ladies Football Club|£5,000| |Bolton Lads & Girls Club|£28,150| |Bolton Lads & Girls Club|£15,671| |Bolton Lads & Girls Club|£15,000| ## **BOLTON COMMUNITY AND VOLUNTARY SERVICES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021** |**NOTES TO THE FINANCIAL STATEMENTS**
**YEAR ENDED 31 MARCH 2021**|| |---|---| |Bolton Lads & Girls Club|£12,838| |Bolton Mandhata Youth|£2,000| |Bolton Nice|£3,207| |Bolton North East Wildlife Trail|£2,710| |Bolton Pride|£4,500| |Bolton Smart Enterprise CIC|£1,500| |Bolton Solidarity Community Association|£10,705| |Bolton Solidarity Community Association|£8,760| |Bolton Solidarity Community Association|£8,500| |Bolton Solidarity Community Association|£4,460| |Bolton Solidarity Community Association|£2,430| |Bolton Solidarity Community Association|£2,000| |Bolton Station Community Development Fund|£4,000| |Bolton Together|£100,000| |Bolton United Community Group|£5,000| |Bolton Wanderers Community Trust|£3,300| |Bolton Wanderers Community Trust|£2,526| |Bolton Wanderers Community Trust|£15,327| |Bolton Wanderers Community Trust|£48,547| |Breakdown Bolton|£3,743| |Breaking Barriers|£22,000| |Bright Leaders CIC|£5,000| |BSURF|£1,500| |Caritas Salford|£12,838| |Changing Life Directions|£1,517| |Changing Life Directions|£1,500| |Choices Youth Support Group|£4,850| |Chris Movement CIC|£5,000| |Christian Cohesion|£9,377| |Claremont Youth Project|£15,026| |Elite Community Hub|£5,885| |Emmaus|£15,000| |Endeavour - Paws for Kids|£27,000| |Endeavour -Paws for Kids|£9,150| |Endeavour -Paws for Kids|£4,666| |Evolve Community Group|£2,066| |FC Quebec Park Rangers|£4,567| |FC Quebec Park Rangers|£4,360| |Flowhesion Foundation|£5,000| |Flowhesion Foundation|£2,000| |Flowhesion Foundation|£1,688| |Flowhesion Foundation|£1,500| |Forest Frontiers CIC|£5,000| |Fortalice|£24,612| |Fortalice|£18,848| |Fortalice|£12,000| |Fortalice|£2,499| |Friends of Cutacre Country Park|£9,770| |Gaydio CIC|£1,500| |Good Companions|£5,000| |Good Companions|£3,000| |HAFWAY|£12,365| ## **BOLTON COMMUNITY AND VOLUNTARY SERVICES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021** |**NOTES TO THE FINANCIAL STATEMENTS**
**YEAR ENDED 31 MARCH 2021**|| |---|---| |Harmony Youth Project|£2,525| |Headspace Bolton|£20,000| |Henshaws Society for Blind People|£21,000| |Hideaway Youth Project|£16,726| |Horwich Carnival Committee|£5,000| |Horwich Harvest Project|£2,785| |Horwich Ride Social|£2,620| |Horwich RMI Harriers|£8,846| |Inspire Serving Your Community -|£2,200| |Kaalmo Welfare Trust|£4,800| |Kingdon Palace Outreach|£1,600| |Kings Church Centre|£4,691| |Kings Community|£5,000| |Lancashire Wildlife Trust|£18,430| |Live From Worktown|£9,000| |Live From Worktown|£4,691| |Local Shop OnLine|£9,892| |M A Mission Learning Centre|£1,500| |Mandhata Community Centre|£6,000| |Mandhata Community Centre|£2,000| |Masakhane|£3,900| |MhIST|£15,000| |Odd Arts|£10,472| |Over 50s Lads Club|£1,500| |Pike Lane Community Club|£1,688| |Raise The Youth|£2,430| |Raise The Youth|£31,640| |Reach Family Project|£15,912| |Reach Family Project|£5,000| |Red Folio|£9,992| |Rio Ferdinand Project|£7,828| |Sabden Growers|£1,800| |Sam's Warriors|£4,560| |Senior Solutions|£20,000| |Senior Solutions|£1,500| |Seven Saints Parish|£3,375| |SLBCUK|£1,500| |Stand Up Sisters|£3,500| |Street Games|£4,950| |Supporting Factors CIC|£1,910| |Talk Changes|£5,000| |The CPR Group|£6,000| |The Great Lever Voice|£1,958| |The Proud Trust|£25,000| |Trust Music|£1,500| |Urban Outreach|£50,000| |Urban Outreach|£17,420| |Urban Outreach|£15,000| |Urban Outreach|£2,688| |WAVE Adventure|£5,390| |WAVE Adventure|£19,070| |WAVE Adventure|£25,000| ## **BOLTON COMMUNITY AND VOLUNTARY SERVICES** ## **NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021** |**NOTES TO THE FINANCIAL STATEMENTS**
**YEAR ENDED 31 MARCH 2021**|| |---|---| |Westhoughton Assist Service|£2,260| |Westhoughton Vision|£5,000| |Women's Federation WPY|£1,500| |Youth Leads|£19,800| |Youth Leads|£3,000| |Zaks Bar / The Sycamore Project|£25,000| |Zaks Bar/The Sycamore Project|£4,940| |**Total for recipients of £1,500 or more**|**£1,411,755**| |**Total for recipients of under £1,500 (181 grants)**|**£94,952**| |**Total value of grants awarded**|**£1,506,707**| ## **BOLTON COMMUNITY AND VOLUNTARY SERVICES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021** **Bolton Community and Voluntary Services (CVS) Registered Charity No: 1003123 Registered Company No: 2615057** The Bolton Hub Bold Street Bolton Greater Manchester BL1 1LS. 01204 546 010 info@boltoncvs.org.uk