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2021-12-31-accounts

Registered number: 02987866 Charity number: 1042475

Council for Voluntary Service (Medway)

Operating as:

Medway Voluntary Action

(A company limited by guarantee)

Unaudited

Trustees' report and financial statements

for the year ended 31 December 2021

Medway Voluntary Action

(A company limited by guarantee)

Contents

Page
Reference and administrative details of the company, its Trustees and advisers 1
Trustees' report 2 - 14
Independent examiner's report 15
Statement of financial activities 16
Balance sheet 17
Notes to the financial statements 18 - 31

Medway Voluntary Action

(A company limited by guarantee)

Reference and administrative details of the company, its Trustees and advisers for the year ended 31 December 2021

Trustees

P C Stokes, Chairman

T A Clarke, Vice Chair

G Viggers L S F Riley A R R Graham

J D McConville (appointed 6 December 2021)

Company registered number

02987866

Charity registered number

1042475

Registered office

5A New Road Avenue Chatham ME4 6BB

Chief executive officer

J Howard

Accountants

Kreston Reeves LLP Chartered Accountants Montague Place Quayside Chatham Maritime Chatham Kent ME4 4QU

Bankers

Co-operative Bank plc 6 Olympic Court Montford Street Salford M5 2QP

Page 1

Medway Voluntary Action

(A company limited by guarantee)

Trustees' report for the year ended 31 December 2021

The Trustees present their annual report together with the financial statements of the company for the 1 January 2021 to 31 December 2021. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019). As a result of a re brand in August 2014, the company is now operating as Medway Voluntary Action (MVA), the name contained within the rest of this report.

Since the company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

a. Policies and objectives

The principal objects of the company are to promote any charitable object or purpose for the benefit of the community, primarily but not exclusively, within the Medway area and in particular, but not exclusively, the following:

  1. The provision, or assistance in the provisioning of, the development of facilities in the interest of social welfare, including social activities, with the object of improving the conditions of life for the local community.

  2. To provide for the protection of health, and the relief of poverty, distress and sickness.

  3. The advancement of education and learning.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

b. Strategies for achieving objectives

Medway Voluntary Action is a local development support organisation that leads, facilitates and supports a thriving Voluntary and Community Sector (VCS) in Medway.

Our mission is to:

Be a catalyst for social change to support and empower Medway communities to come together to help improve lives and solve problems that are important within their communities.

Our strategic aims are:

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Medway Voluntary Action

(A company limited by guarantee)

Trustees' report (continued) for the year ended 31 December 2021

Objectives and activities (continued)

c. Activities undertaken to achieve objectives

Established in 1989 and now embedded within Medway's communities for over 30 years, Medway Voluntary Action (MVA) has a strong history of supporting and representing Voluntary, Community and Social Enterprise (VCS or VCSE) organisations in Medway.

MVA continues to work towards a Medway where communities are active, empowered and connected. We support local not-for-profit organisations, groups and community members to develop skills, build resources and amplify their voice.

As a summary of our activity during 2021, as per the previous year, MVA spent the most of the year in the grip of a global pandemic, COVID-19, causing unprecedented disruption to the communities of Medway; the pandemic also presented a serious threat to the sustainability and organisational growth of the VCS.

As a result, MVA allocated significant resource to COVID-19 response, working with the VCS and Medway Council to ensure organisations working on the ‘front line’ with those affected by COVID-19 were both supported by MVA, and connected to other ‘like’ organisations. We also acted as a conduit for information exchange, managing information about COVID-19 and the organisations working directly to support this response. This meant that organisations were fully informed of strategic direction of travel both locally and nationally and of funding and other support availability, such as the support of Voluntary and Community Services Emergencies Partnership. In addition, we undertook surveys on a regular basis to ascertain the pandemic-related damage to the sector and made this information available to funders and other sources of support – many of these organisations in the VCS were sustained through the pandemic as a result. MVA also supported the transfer of many organisations’ services to on-line provision though training packages and sourcing other ‘expert’ help. Finally, MVA proactively recruited volunteers with additional campaigns to support the COVID-19 response.

The following is a more detailed account of the work streams undertaken by MVA.

Infrastructure

As part of our relationship with Medway Council, we are commissioned to provide a service to organisations and individuals, targeting three (3) objectives:

  1. Community Capacity Building

  2. Engagement & Representation, Promotion and Networking

  3. Developing Volunteering

We also work with four partners, Healthwatch Medway, Carers First, Kent Association for the Blind and Citizens Advice Medway also commissioned by Medway Council, as part of the ‘Better Together Consortium’.

2021 was an equally challenging year for the VCS as lock-downs were still a part of the Covid 19 terrain and our main efforts continued to be to support the VCS to navigate their way through these to provide the best of their services to increasing demand in communities. Our online Covid Response meetings continued to be held fortnightly until the summer break (subsequently monthly) providing the opportunity for VCS groups to share resources and work together. These meetings were also informed by statutory sector representatives to keep the VCS up-to-date on all matters Covid related. Feedback since has demonstrated that these meetings provided a vital platform to effectively harness resource, recognised locally and now nationally by such organisations as the Local Government Association and the National Association for Voluntary and Community Action.

Reflecting on the unprecedented year during 2020, MVA continued to engage and represent organisations and groups across Medway, ensuring that our ‘communication’ was maximised, to reach the wide and diverse range across our communities. Our aim here was to promote services, ensure that MVA was listening, identify issues, and share best practice, to promote the ‘value’ of the VCS and how it can best support our communities. To support this effort, MVA produce a yearly communication plan (Better Together Consortium driven), which is regularly reviewed.

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Medway Voluntary Action

(A company limited by guarantee)

Trustees' report (continued) for the year ended 31 December 2021

Objectives and activities (continued)

Alongside these major meetings, the Community and Faith Forum facilitated by MVA, were also meeting regularly to share information and resources for specific communities in Medway who otherwise may not have been reached. This has also been recognised as a national best practice example of the facilitation of a multifaith/community response to Covid-19.

2021 also saw the emergence of the Government funded Community Renewal Fund. As the Infrastructure organisation, we brought together several VCS organisations to work with YMCA (Central) and Greenwich University to access this funding. These, and other organisations will go forward to bid for the larger pot of funding, the Shared Prosperity Fund because of MVA’s support to this partnership.

During the year we also saw a consolidation in the working relationship we have with the Health and Care Partnership (HaCP). This new health structure, emerging as a result of the NHS Long Term Plan (January 2019), localising a focus on the delivery of a Population Health Management approach in the new footprint of Medway and Swale were quick to work with the VCS through MVA. This is the first time that a formalised partnership has developed between the NHS and the VCS, and a MoU and Framework, co-produced with the VCS, has now been published. MVA now sit on the HaCP Board to advocate for the VCS in Medway. The CEO is also working with peers in Kent to ensure that the VCS in Medway is also represented on the new Kent and Medway Integrated Care Board and Integrated Care System.

MVA continue to provide the permanent secretariat for the VCS Leaders Network Steering Group. This thriving group of VCS leaders have made major contributions to Local Planning issues, the co-production of the HaCP MoU and the direction of travel of Medway Council’s strategy of working more effectively with the VCS. The CEO of MVA also now sits on the equivalent group in Kent to contribute on behalf of Medway and share best practice with these VCS leaders.

Support delivered

Specifically in our Infrastructure role, we supported 258 new organisations during 2021 with an additional 767 organisations already known to us, a total of 1,025 organisations across the three objectives stated above, supporting an average of 32% of these organisations across the year on more than one occasion. These organisations were supported with 13,056 high quality interactions to help improve income generation and other rescue and recovery action.

The support given included:

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Medway Voluntary Action

(A company limited by guarantee)

Trustees' report (continued) for the year ended 31 December 2021

Objectives and activities (continued)

Feedback

“Thank you so much for your generous and expert help, we were very pleased to have up to date Safeguarding policies to us when we commence operations.” (October 2021)

“Just want to say thank you for all your help, it's certainly provided some clarity for me.” (June 2021)

Following funding support received from MVA including via 1:1 sessions, Funding & Marketing Club, the promotion of funding opportunities and enabling partnership working, organisations were able to generate additional income of £2,813,121, an increase of over 222% on the previous year (£1,266,158 in 2020). An average across the year of 73% success rate with 92.9% (of 183) organisations who felt that they had been supported with advice and information, income generation and were better connected to other services.

We have continued to develop and update the Simply Connect social prescribing directory which will be going live again shortly in staged phases. This enhanced directory will enable organisations to keep their own details up to date and offer a central point for referrals from Social Prescribers to help reduce the strain on our NHS service providers. MVA are part of a Kent & Medway wide project to bring together 4 existing providers into the one platform.

In addition, the VC Connect directory of Medway VCS organisations continues to be cleansed on a quarterly cycle with new organisations being added monthly to keep this as up to date as possible.

Funding and Marketing Club (F&M Club)

MVA continued to offer the Funding and Marketing Club to organisations free during 2021. Subjects covered included:

January – Introduction to Trusts February – Kent Community Foundation March – National Lottery Community Fund April – Marketing May – Evidencing Need June – Creating Visual Content July – Digital marketing and fundraising September – Canva (a designing app) October - Demonstrating impact November – Big fundraising review of the year

Over the various sessions there were 102 attendances at the F&M Club, represented by 52 members from 46 different organisations.

Feedback

Funding & Marketing Club Feedback October 2021

“Thanks for the workshop which was helpful. not just for the content but also for the little insights into the way terminology is used in this sector. My background is high tech engineering (aviation) so the way we use words to convey information is often subtly different. Also, in my world metrics means load of data and graphs so it is useful to understand the different priorities in the charity sector.”

“Your talk on theory of change was very helpful and is similar in concept to the road mapping techniques I used in developing product and technology strategies (except my timescales were decades longer). It is interesting to understand how the tools used in very different sectors may be adapted and used as we seek to make a difference.”

MVA also provided an interactive website which continues to be updated, in support of other VCS and health and social care partners. In total, MVA facilitated 2348 engagements via various ‘media’ platforms. In addition MVA

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Medway Voluntary Action

(A company limited by guarantee)

Trustees' report (continued) for the year ended 31 December 2021

Objectives and activities (continued)

held 73 engagement events reaching 2061 individuals.

MVN (Medway Volunteer Network)

Medway Volunteer Network since its launch in 2017, continues to grow from strength to strength, despite the challenges that Covid presented. We continued to increase our membership and we now have in excess of 650 members within the Network.

Although 2021 has been a very difficult time for everyone, the Pandemic has significantly helped to raise the awareness of the importance and need for the type of support that only the Voluntary & Community Sector and Volunteers can provide.

Some of the 2021 highlights are:

We supported just under 250 local VCS organisation with various volunteering related support either virtually or through 121 sessions.

Some quotes about our Volunteering Support:

‘Thanks for helping design my new volunteer documents. This has been unbelievably helpful to me.’ - Paramjot Kaur – Sahara Group

‘Thanks so much for the volunteers list, which is a huge help. Without the support of organisations like yours, our vaccination programme would not be as successful as it has been so far, so again, a big thank you.’- Lauren Grieve—Pentagon Vaccine Centre

‘Wow that’s a lot of really great recruitment info. Thank you so much!! Rest assured I will make the most out of it.’ - James Mason – Mason Foundation

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Medway Voluntary Action

(A company limited by guarantee)

Trustees' report (continued) for the year ended 31 December 2021

Objectives and activities (continued)

Training and Funded Projects

2021 continued to present challenges to the training industry, particularly face to face delivery, as Covid-19 restrictions and guidelines varied throughout the year. MVA’s training service therefore continued to respond to these trends and as a result in 2021 we:

In 2022, we aim to continue supporting the voluntary and community through:

We will also continue to build on the success of some existing funded projects in 2022:

Involving Medway was a Medway Clinical Commissioning Group contract that MVA has delivered since its inception; in 2019 MVA took on a much larger role in this initiative - delivering the Community Health Researcher and VCS Focus Group programmes.

Again, 2021 continued to present this programme with challenges due to Covid-19. We have also been supporting discussions to help understand the role of this programme to support the new Health and Care Partnership for Medway and Swale, as well as the wider Integrated Care System for Kent and Medway.

This has resulted in MVA delivering varied activities through this programme, including research on Long-Covid and some GP surgery sites in Medway. We have also piloted a new approach of utilising our Involving Medway engagement assets to support a local Primary Care Network to engage with their seldom heard patients on the topic of obesity.

In 2022 we will continue to develop these initiatives and seek to work closely with the Medway and Swale Health and Care Partnership to develop our offer. We will also continue to grow and develop our amazing team of volunteer Community Health Researchers – all of whom have remained incredibly resilient throughout these challenging times – and continue to recruit and support Focus Group Facilitators from across Medway VCS.

Kent & Medway Listens is a contract that was awarded by Kent County Council in 2021. MVA worked collaboratively with a group of our VCS peers (MEGAN CIC, Medway Diversity Forum, Centre for Independent Living Kent, Medway Plus, Befriending Together and Medway Gender Sexual Diversity Centre) to deliver the engagement project for Medway and Swale as part of this contract. As a result, the partners have collectively listened to some of our most seldom heard communities on the issue of the impact of Covid-19 on mental wellbeing. In 2022, MVA will work with the partners to reflect on lessons learned and successes of the collaboration – these will then be shared with the wider VCS to help inspire and develop collaborative working within the sector for other opportunities.

Digital Inclusion has formed a key consideration of many strategic conversations in 2021 and Medway Council’s Public Health team contracted MVA to undertake research on this issue with communities that they knew were being disproportionately affected by this issue. MVA worked in partnership with Medway Diversity Forum and Disability Medway Network to deliver this research and have reported these findings to Medway Council. In 2022. MVA will also use the insights gained from this research to help inform any digital related activities that they undertake to ensure we are providing inclusive and accessible support.

The VCS Transformation Academy and Alliance bid to the National Lottery’s Communities Fund was successfully awarded in 2021. This proposal was developed in recognition that MVA’s infrastructure contract

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Medway Voluntary Action

(A company limited by guarantee)

Trustees' report (continued) for the year ended 31 December 2021

Objectives and activities (continued)

delivers ‘business as usual’ support for the VCS – but additional programmes, and associated funding, would be essential to empower and build capacity within the VCS to radically transform how they operate. We successfully launched this new programme in December 2021 and have already started to recruit Founding Members to help establish the Academy – and 2022 will see the formal work of this 3-year funded programme commence.

Community Renewal Funding, aimed at supporting local people to find employment, was awarded to the Medway Together collaboration in 2021. MVA worked with the lead partners for this programme, YMCA and University of Greenwich, to support the successful development of this placed-based consortium of 10 VCS partners. In 2022, we hope to support the effectiveness of the collaboration at the local level as well as deliver some direct services as part of the wider programme – with the longer-term aim of securing additional funding based upon the success of this VCS collaboration.

Financial Capability Project

Building on 2020’s successful Financial Capability Support project, previously funded by KCF, MVA continued to provide money management support to families in Medway, struggling with financial difficulties and the impact of Covid-19 on their income. Throughout the year this project has developed to meet the changing needs of residents, achieving positive outcomes with empowering, 1-2-1 sessions helping clients develop money management skills and the confidence to engage with existing local support to meet their needs. Financial Capability resources found on MVA’s website, have been updated to reflect the current economic needs of Medway residents and are available for local VCS use to support their own service users.

Data: Families supported - 40 Individuals helped – 93 Situation impacted by Covid – 100% of clients. Stress and anxiety relieved – 60% of clients Medway organisations making referrals - 10

Feedback from organisations:

“It has been an absolute pleasure working with you and you have done some amazing work with my clients, so thank you very much.” Community Link Worker, Porchlight

“Well done to MVA for organising this mentoring to meet the short and long term needs of Medway's residents". Manager, Medway Diversity Forum

“Thank you for your support alongside Family Solutions with the FinCap project! And thank you for sharing some additional resources with us, this is much appreciated”. Early Help Coordinator, Strood Children and Family Hub Feedback from clients:

“You have actually made life feel like it can have some quality for us instead of just surviving and making do. Thank you” Medway Single Parent

“I had an issue with T.V Licensing, after speaking to you……….. I am glad to say this has been resolved” Medway Resident

Befriending and Bridging the Digital Divide

Now approaching the end of its third year, the Befriending programme supports lonely and isolated people across Medway in a variety of ways including telephone befriending, connecting into local Voluntary and Community sector organisations, group meets in parks, cafes and green spaces, virtual sessions over Zoom and 1:1 Befriending. The service is based on partnership working, delivered in a person-centred way for both those we support and our Volunteers and encourages progression of all those involved in the service. This service is very much in demand and in just 35 months we have received over 1000 referrals into the service and have managed to recruit over 200 Volunteers, more than 70 of whom are actively making befriending calls to up to 3

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Medway Voluntary Action

(A company limited by guarantee)

Trustees' report (continued) for the year ended 31 December 2021

Objectives and activities (continued)

people a week. Volunteers and our members reviewed are showing a marked improvement in health and wellbeing, physical activity and community connectedness, with 39% reducing their need for medical services as a result. For some, the impact has been life changing:

49% of referrals have felt happier 52% were more physically active 54% were less anxious 99% of referrals have improved in at least one measure of health and wellbeing.

We were very excited to have had our Befriending Service featured on the radio, Medway Messenger online and in print.

The Pandemic necessitated a major shift in the way the service was delivered; all face to face and coffee sessions in our Hub had to stop, and unfortunately the Hub was closed permanently. We initially translated the entire service into telephone befriending alongside coffee and chat Zoom sessions twice a week. We have trialled creative Zoom sessions, started a walking group with its own WhatsApp chat, and held “Park and Chat” and then “Cafe and Chat” sessions as Covid restrictions (and weather) allowed. These sessions are held across Medway to allow people without access to transport to attend, often meeting in small parks near people’s houses.

We obtained funding from Kent Sport to enable our park chat sessions to become more active, usually involving at least a short walk. We also obtained funding from Macmillan to hold a monthly support session on Zoom for people affected by cancer. We have received funding from the Kent Community Foundation to trial a new programme - Couch to Community. This will create a supported route for isolated adults from isolation into the community.

We have continued our digital inclusion pilot - Bridging the Divide. This lends tablets to socially isolated adults in Medway while helping them with a Digital Champion to engage in the digital arena - and hopefully join in some of our Zoom chat sessions. We currently have funded 75 tablets across Medway and Swale, 10 of which are specifically for people affected by cancer. Tablets come already set up, with a working sim card providing 10GB of data every month for participants on the scheme if they do not have wifi, so that they are not restricted in how

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Medway Voluntary Action (A company limited by guarantee)

Trustees' report (continued) for the year ended 31 December 2021

Objectives and activities (continued)

they can use the tablets.

NHS Volunteer Responder evaluation

In December 2020 we were chosen by NHSE/I to undertake a ‘deep dive’ evaluation of this scheme. The evaluation has taken place over a three month period – from December to March. This evaluation has refined our skills in data analysis and research and built links with the NHSE/I Futures platform/staff and peers enabling potential collaborations as a result of this networking in the post COVID-19 world going forward. Voluntary and Community Sector Emergencies Partnership

Shortly after the onset of COVID-19, MVA were asked to join this national partnership to assist with their COVID19 response initiative. The Partnership itself is composed of a number of major charities such as British Red Cross, NAVCA, St John’s Ambulance, Victim Support, Muslim Aid, Volunteering Matters and the Salvation Army but also the Department for Digital, Culture Media and Sport, CMS, the Local Government Association, and the Cabinet Office. Our role was to liaise with other ‘like’ organisations to share information on unmet need and either to secure resource to meet this need or to refer it to the Multiagency Cell of the partnership. This enabled the CEO at MVA to work closely with others both locally and nationally to share information and resource. Some of these collaborations are now established for further partnership work.

d. Main activities undertaken to further the company's purposes for the public benefit

MVA is located in a central and accessible position within Medway and acts as focal point for local charities and community groups. In shaping our objectives for the year and planning our activities, the trustees have considered the Charity Commission’s guidance on public benefit, including the guidance ‘public benefit: running a charity (PB2)’.

Achievements and performance

Since the inception of its previous Infrastructure contract with Medway Council, MVA has supported its core operation, primarily from past reserves, while seeking to establish further projects funded from related restricted funds.

To further develop the ability of MVA to provide enhanced services to the sector, the Board made the decision to sell the building to release capital and staff capacity to underpin this development to support sustainability and services to the Medway communities.

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Medway Voluntary Action (A company limited by guarantee)

Trustees' report (continued) for the year ended 31 December 2021

Achievements and performance (continued)

Review of activities

We continue to follow our strategic plan which places emphasis on developing resilient communities in addition to continuing to support the VCS. We will also direct our resources to extend our role as being a central hub of information, support and guidance, and maximise opportunities for income generation to support the sustainability of both MVA and the VCS. MVA are pleased that the Better Together Infrastructure contract has been renewed for a further two years alongside those of our Better Together partners.

Like everyone in the VCS and beyond, MVA has had to adapt and develop its operational and service delivery; and we are proud that this process has been relatively seamless with regards to supporting Medway’s VCS and local communities.

As a result, the VCS in Medway is outstanding in comparison to VCS activity in other local authorities, in its willingness to work collaboratively, to share resources and expertise to respond to COVID-19, and to come together to form a collective body, to give voice to their issues and views. MVA’s key role in terms of facilitating this activity has been evidenced by a number of comments/feedback received, both by our members and key representatives of the statutory sector. We are delighted that this has now manifested itself in the Lottery funding for the Transformation Academy and Alliance as these initiatives will consolidate these developments.

In response to the MVA Satisfaction survey/poll collected throughout the year, 100% (of 100 responding organisations) felt MVA had listened to their issues and had responded appropriately. 99% (of 102 responding organisations) felt the Advice and Information provided was helpful. 100% (of 101 responding organisations) felt better connected to other services and support networks, because of contacting MVA.

MVA’s ability to rapidly respond to the COVID-19 crisis in support of the VCS enabled more effective networking, the provision of support (information sharing and facilitating collaborative working) and the availability of local and national information on issues critical to the VCS.

These functions helped large parts of the VCS navigate the initial impact of the COVID-19 crisis and rebuild their services where required. We were also proactive in providing multi-media platforms with 2348 engagements with these platforms.

Finally, MVA have continued to network, support and represent the VCS through liaising with others to advocate for the sector (Medway Council, KCF, NCVO, NAVCA, the Health and Care Partnership) and attending and holding a variety of ‘meetings’ (154) through 2021, as we worked to gather intelligence locally and nationally to inform our support of the sector, and learn and develop a broader and more ‘collaborative’ way of representing the VCS across Medway.

Financial review

Income has increased from £318,941 in 2020 to £465,531 in 2021. Expenditure has increased from £335,555 in 2020 to £362,420 in 2021. This has resulted in a net surplus of £103,614 (2020: deficit of £16,614).

a. Going concern

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

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Medway Voluntary Action (A company limited by guarantee)

Trustees' report (continued) for the year ended 31 December 2021

b. Reserves policy

The Trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be 6 months of the annual resources expendable, which equates to £181,210 expenditure. At present the General Fund amounts to £143,937 but the trustees have already agreed to support the additional expenditure of developing new services up to £90,000 p.a. from the Service Development Fund. The Board of Trustees continually reviews the financial risks and makes plans to maximise opportunities for the charity's sustainability.

c. Principal funding

The principal funding of the charity is derived from the infrastructure contract with Medway Council established in 2013. The original term of the contract was for 3 years expected to expire in March 2016 but was extended twice, first to April 2018 and then again to the 31st December 2018. As a result of a tendering process, MVA were successful in being awarded a further contract to deliver Infrastructure services from the 1st January 2019 for three years – this contract has just been extended for a further two years. MVA has also been successful in the renewal of the Befriending project into a further year, the continuation of the Involving Medway contract and receiving funding for a small number of projects that relate to the core work of MVA.

Structure, governance and management

a. Constitution

Council for Voluntary Service (Medway) is a company limited by guarantee governed by its Memorandum and Articles of Association dated 20 September 1994 and is a registered charity number 1042475.

b. Methods of appointment or election of Trustees

Council for Voluntary Service (Medway) is a company limited by guarantee governed by its Memorandum and Articles of Association dated 20 September 1994 and is a registered charity number 1042475.

c. Organisational structure and decision-making policies

The role of the Board of Trustees is to set the Charity’s strategic direction, monitor the delivery of its objectives, uphold its values and governance, and guide, advise and support the CEO, who is responsible for day to day management decisions and leads the team towards achieving the charity’s vision and purpose.

d. Policies adopted for the induction and training of Trustees

New Trustees are provided with an induction pack and all Trustees are encouraged to attend appropriate training courses.

e. Pay policy for key management personnel

The Board of Trustees aim to pay senior staff a fair salary that is competitive within the charity sector and proportionate to the complexity of each role. The Trustees are responsible in line with our charitable objectives based on the following principle:

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Medway Voluntary Action

(A company limited by guarantee)

Trustees' report (continued) for the year ended 31 December 2021

Structure, governance and management (continued)

f. Financial risk management

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

This work has identified that the reliance on the single contract with Medway Council and therefore the charity’s longer term financial sustainability is the major financial risk for the Charity. This is reflected in the Reserves Policy, referred to above, and a key element in the management of financial risk is a regular review of available liquid funds to settle debts as they fall due, regular liaison with the bank, and active management of trade debtors and creditors balances to ensure sufficient working capital by the Trust. MVA is pro-actively seeking other contracts to mitigate this risk.

Plans for future periods

Future developments

In 2021 and beyond, we aim to continue supporting the voluntary and community sector through what appears to be a period of continued disruptions due to the pandemic. This will be a crucial time for the sector due to the impact of the pandemic. We will do this through:

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Medway Voluntary Action

(A company limited by guarantee)

Trustees' report (continued) for the year ended 31 December 2021

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate 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 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 company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees on and signed on their behalf by:

P C Stokes

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Medway Voluntary Action

(A company limited by guarantee)

Independent examiner's report

for the year ended 31 December 2021

Independent examiner's report to the Trustees of Medway Voluntary Action ('the company')

I report to the charity Trustees on my examination of the accounts of the company for the year ended 31 December 2021.

Responsibilities and basis of report

As the Trustees of the company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

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

Independent examiner's statement

Since the company'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 (enter body here), 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:

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

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

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

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

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

This report is made solely to the company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body, for my work or for this report.

Signed:

Dated:

Susan Robinson

BA FCA FCIE DChA MCMI

Kreston Reeves Chatham Maritime

Page 15

Medway Voluntary Action

(A company limited by guarantee)

Statement of financial activities (incorporating income and expenditure account) for the year ended 31 December 2021

Note
Income from:
Donations and legacies
3
Other trading activities
4
Investments
5
Other income
6
Total income
Expenditure on:
Charitable activities
7
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Restricted
funds
2021
£
252,552
-
-
-
252,552
183,562
183,562
68,990
61,289
68,990
130,279		 Unrestricted
funds
2021
£
200,073
5,087
195
7,627
212,982
178,858
178,858
34,124
548,297
34,124
582,421		 Total
funds
2021
£
452,625
5,087
195
7,627
465,534
362,420
362,420
103,114
609,586
103,114
712,700		 Total
funds
2020
£
299,895
3,641
2,262
13,143
318,941
335,555
335,555
(16,614)
626,200
(16,614)
609,586

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

The notes on pages 18 to 31 form part of these financial statements.

Page 16

Medway Voluntary Action

(A company limited by guarantee) Registered number: 02987866

Balance sheet as at 31 December 2021

Note
Fixed assets
Tangible assets
12
Current assets
Debtors
13
Cash at bank and in hand
Creditors: amounts falling due within one
year
14
Net current assets
Total assets less current liabilities
Total net assets
Charity funds
Restricted funds
15
Unrestricted funds
15
Total funds		 5,193
730,203
735,396
(29,450)		 2021
£
6,754
6,754
705,946
712,700
712,700
130,279
582,421
712,700		 3,018
631,097
634,115
(35,177)		 2020
£
10,648
10,648
598,938
609,586
609,586
61,289
548,297
609,586

The company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

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

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

The financial statements were approved and authorised for issue by the Trustees on and signed on their behalf by:

P C Stokes

(Chair of Trustees)

The notes on pages 18 to 31 form part of these financial statements.

Page 17

Medway Voluntary Action

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 December 2021

1. General information

Medway Voluntary Action is a charity and company limited by guarantee incorporated in England. The charity's registered office is 5A New Road Avenue, Chatham, ME4 6BB.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Medway Voluntary Action meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Going concern

The Trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the Charity to continue as a going concern. The Trustees make this assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements and have concluded that the Charity has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the Charity's ability to continue as a going concern, thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Whilst the impact of the COVID-19 pandemic has been assessed by the Trustees, so far as is reasonably possible, due to its unprecedented impact on the worldwide economy it is difficult to evaluate with any certainty the potential outcomes on the Charity's future activities. However, taking into consideration the Charity's level of reserves, the Trustees believe that the Charity will be able to continue in operational existence for the foreseeable future.

Page 18

Medway Voluntary Action (A company limited by guarantee)

Notes to the financial statements for the year ended 31 December 2021

2. Accounting policies (continued)

2.3 Income

All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the company's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.6 Taxation

The company is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

2.7 Tangible fixed assets and depreciation

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Page 19

Medway Voluntary Action

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 December 2021

2. Accounting policies (continued)

2.7 Tangible fixed assets and depreciation (continued)

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

2.8 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.9 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.10 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

2.11 Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.12 Pensions

The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

Page 20

Medway Voluntary Action (A company limited by guarantee)

Notes to the financial statements for the year ended 31 December 2021

2. Accounting policies (continued)

2.13 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

3. Income from donations and legacies

Donations
Government grants
Total 2020		 Restricted
funds
2021
£
120
252,432
252,552
196,714		 Unrestricted
funds
2021
£
-
200,073
200,073
103,181		 Total
funds
2021
£
120
452,505
452,625
299,895		 Total
funds
2020
£
-
299,895
299,895

4. Income from other trading activities

Income from fundraising events

Training income
Photocopying charges
Total 2020		 Unrestricted
funds
2021
£
4,349
738
5,087
3,641		 Total
funds
2021
£
4,349
738
5,087
3,641		 Total
funds
2020
£
2,447
1,194
3,641

Page 21

Medway Voluntary Action

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 December 2021

5. Investment income

Deposit account interest
Total 2020		 Unrestricted
funds
2021
£
195
2,262		 Total
funds
2021
£
195
2,262		 Total
funds
2020
£
2,262

6. Other incoming resources

Sales and service income
Management fees
Total 2020		 Unrestricted
funds
2021
£
5,579
2,048
7,627
13,143		 Total
funds
2021
£
5,579
2,048
7,627
13,143		 Total
funds
2020
£
7,454
5,689
13,143

7. Analysis of expenditure on charitable activities

Summary by fund type

Direct costs (note 8)
Total 2020		 Restricted
funds
2021
£
183,562
173,557		 Unrestricted
funds
2021
£
178,858
161,998		 Total
funds
2021
£
362,420
335,555		 Total
funds
2020
£
335,555

Page 22

Medway Voluntary Action (A company limited by guarantee)

Notes to the financial statements for the year ended 31 December 2021

8. Charitable activity costs

Restricted
funds		 Unrestricted
funds		 Total
funds		 Total
funds
2021 2021 2021 2020
£ £ £ £
Equipment hire - - - 1,125
Insurance 1,485 2,427 3,912 3,734
Legal & professional - 5,177 5,177 3,614
Postage, printing and stationery 785 1,127 1,912 3,105
Premises expenses 13 206 219 138
Energy and water rates - 2,491 2,491 2,955
Equipment costs 2,852 14,050 16,902 21,412
Rent - 13,267 13,267 20,150
Telephone 2,638 5,394 8,032 6,640
Sessional work and training - 1,637 1,637 2,513
Travel expenses 308 243 551 567
Staff and other expenses 4,925 10,618 15,543 14,757
Sundry expenses 15,490 2,891 18,381 21,888
Advertising and promotions 441 315 756 375
Project expenses 12,000 10,050 22,050 23,293
Management fees 1,828 2,920 4,748 5,154
Independent examination fee - 1,000 1,000 1,100
Wages and salaries 140,797 78,960 219,757 181,038
National insurance - 14,670 14,670 10,343
Pension cost - 6,122 6,122 5,685
Depreciation - 5,293 5,293 5,969
Total 2021 183,562 178,858 362,420 330,401
Total 2020 173,557 161,998 335,555 Diff: -5154

9. Independent examiner's remuneration

Fees payable to the company's independent examiner for the independent examination of the company's annual accounts

2021 2020
£ £
1,000 1,100

Page 23

Medway Voluntary Action (A company limited by guarantee)

Notes to the financial statements for the year ended 31 December 2021

10. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2021
£
219,757
14,670
6,122
240,549		 2020
£
181,038
10,343
5,685
197,066

The average number of persons employed by the company during the year was as follows:

Project staff
Administration staff		 2021
No.
4
7
11		 2020
No.
3
7
10

No employee received remuneration amounting to more than £60,000 in either year.

The total employment benefits including employer pension contributions and employer national insurance contributions of the key management personnel were £50,794 (2020: £47,511).

11. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2020 - £NIL).

During the year ended 31 December 2021, expenses totalling £NIL were reimbursed or paid directly to Trustees (2020 - £Nil).

Page 24

Medway Voluntary Action (A company limited by guarantee)

Notes to the financial statements for the year ended 31 December 2021

12. Tangible fixed assets

Cost or valuation
At 1 January 2021
Additions
Disposals
At 31 December 2021
Depreciation
At 1 January 2021
Charge for the year
On disposals
At 31 December 2021
Net book value
At 31 December 2021
At 31 December 2020		 Office
equipment
£
32,525
1,403
(1,377)
32,551
21,877
5,293
(1,373)
25,797
6,754
10,648

Page 25

Medway Voluntary Action (A company limited by guarantee)

Notes to the financial statements for the year ended 31 December 2021

13. Debtors

Due within one year
Trade debtors
Prepayments and accrued income		 2021
£
63
5,130
5,193		 2020
£
275
2,743
3,018

14. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Pension fund loan payable
Other creditors
Accruals and deferred income		 2021
£
4,342
5,694
-
10,517
8,897
29,450		 2020
£
5,460
9,813
427
10,823
8,654
35,177

Page 26

Medway Voluntary Action (A company limited by guarantee)

Notes to the financial statements for the year ended 31 December 2021

15. Statement of funds

Statement of funds - current year

Unrestricted funds
Designated funds
Fixed Asset Fund
Service Development Fund
General funds
General Fund
Total Unrestricted funds
Restricted funds
Lawson Endownment Fund -
Couch 2 Community
MHS Homes Group
Barrow Cadbury Trust
Befriending
Involving Medway Project
Bridging the Divide
VCSE Liaison
KCF Resilience - Financial
capability project
Bridging the divide - Aviva
Community
Bridging the divide - Awards for
All
Bridging the divide - MacMillan
The Community Fund - VCS
Coalition
Total of funds		 Balance at 1
January
2021
£
10,648
431,730
442,378
105,919
548,297
-
2,623
2,833
36,922
4,994
6,849
1,583
5,485
-
-
-
-
61,289
609,586		 Income
£
-
-
-
212,982
212,982
7,500
-
-
105,795
46,696
120
9,500
-
194
10,000
6,150
66,597
252,552
465,534		 Expenditure
£
(5,293)
-
(5,293)
(173,565)
(178,858)
(9)
-
-
(124,908)
(34,344)
(3,615)
(11,083)
(5,485)
(194)
(46)
(3,878)
-
(183,562)
(362,420)		 Transfers
in/out
£
1,399
-
1,399
(1,399)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Balance at
31
December
2021
£
6,754
431,730
438,484
143,937
582,421
7,491
2,623
2,833
17,809
17,346
3,354
-
-
-
9,954
2,272
66,597
130,279
712,700

Page 27

Medway Voluntary Action (A company limited by guarantee)

Notes to the financial statements for the year ended 31 December 2021

15. Statement of funds (continued)

Lawson Endowment Fund – Couch 2 Community

Funding received from Kent Community Foundation from the Lawson Endowment Fund (application submitted to Vulnerable Adults Theme) to establish a structured programme with tools and support, enabling isolated or lonely individuals in Medway to journey from “couch” to community connectivity.

MHS Homes Group

This was a case referral programme to provide an impartial a mediation service to support MHS Homes tenants settle neighbourhood disputes.

Barrow Cadbury Trust

A social enterprise champions programme which recruited local sector leaders who were trained to act as advocates and mentors for social investment.

Befriending

Funded by Kent & Medway Clinical Commissioning Group, the Befriending programme supports lonely and isolated people across Medway in a variety of ways including telephone befriending, connecting into local Voluntary and Community sector organisations, group meets in parks, cafes and green spaces, virtual sessions over Zoom and 1:1 Befriending.

Involving Medway

Funded by Kent & Medway Clinical Commissioning Group, delivering the Community Health Researcher and VCS Focus Group programmes and supporting discussions to help understand the role of this programme to support the new Health and Care Partnership for Medway and Swale, as well as the wider Integrated Care System for Kent and Medway.

Bridging the Divide

This was a pilot scheme funded by the Test Bed Fund (from Kent & Medway Clinical Commissioning Group) to support a digital inclusion programme - Bridging the Divide. This lends tablets to socially isolated adults in Medway while helping them with a Digital Champion to engage in the digital arena.

VCSE Liaison

The Voluntary and Community Sector Emergencies Partnership (funded by NAVCA) was a national scheme set up to mobilise support quickly where Covid was impacting on areas of unmet need, to support the mobilisation of VCS organisations and liaise with other major partners to work in partnership to collectively to address that unmet need.

KCF Resilience – Financial Capacity Project

Funded by Kent Community Foundation, MVA continued to provide money management support to families in Medway, struggling with financial difficulties and the impact of Covid-19 on their income.

Bridging the Divide – Aviva Community Fund

Crowd funded additional funds to support the continuation of the pilot Bridging the Divide programme.

Bridging the Divide – Awards for All

Additional funding to support the continuation of the Bridging the Divide programme to help alleviate isolation as a result of Covid-19 and other life circumstances.

Bridging the Divide – MacMillan

Funding to facilitate the purchase of additional tablets for socially isolated residents in Medway and Swale who have or have had cancer, or have been affected by cancer through a close relative.

The Community Fund – VCS Coalition

The VCS Transformation Academy and Alliance bid to the National Lottery’s Communities Fund was successfully awarded in 2021. This proposal was developed in recognition that MVA’s infrastructure contract delivers ‘business as usual’ support for the VCS – but additional programmes, and associated funding, would be essential to empower and build capacity within the VCS to radically transform how they

Page 28

Medway Voluntary Action (A company limited by guarantee)

Notes to the financial statements for the year ended 31 December 2021

15. Statement of funds (continued)

operate.

Statement of funds - prior year

Unrestricted funds
Designated funds
Fixed Asset Fund
Service Development Fund
General funds
General Fund
Total Unrestricted funds
Restricted funds
Postcode Community Trust
MHS Homes Group
Barrow Cadbury Trust
RBS Skills & Opportunties
Befriending
Involving Medway Project
Bridging the Divide
VCSE Liaison
KCF Resilience - Financial
capability project
Bridging the divide - Aviva
Community
Total of funds		 Balance at
1 January
2020
£
12,475
498,669
511,144
78,987
590,131
116
5,680
(62)
8,205
14,312
7,818
-
-
-
-
36,069
626,200		 Income
£
-
-
-
122,227
122,227
-
-
6,000
-
112,605
44,217
9,689
4,750
10,000
9,453
196,714
318,941		 Expenditure
£
(5,969)
(64,876)
(70,845)
(91,153)
(161,998)
(116)
(3,057)
(3,105)
(8,205)
(89,995)
(47,041)
(2,840)
(3,167)
(4,515)
(11,516)
(173,557)
(335,555)		 Transfers
in/out
£
4,142
(2,063)
2,079
(4,142)
(2,063)
-
-
-
-
-
-
-
-
-
2,063
2,063
-		 Balance at
31
December
2020
£
10,648
431,730
442,378
105,919
548,297
-
2,623
2,833
-
36,922
4,994
6,849
1,583
5,485
-
61,289
609,586

Page 29

Medway Voluntary Action (A company limited by guarantee)

Notes to the financial statements for the year ended 31 December 2021

16. Summary of funds

Summary of funds - current year

Designated funds
General funds
Restricted funds		 Balance at 1
January
2021
£
442,378
105,919
61,289
609,586
Balance at
1 January
2020
£
511,144
78,987
36,069
626,200		 Income
£
-
212,982
252,552
465,534
Income
£
-
122,227
196,714
318,941		 Expenditure
£
(5,293)
(173,565)
(183,562)
(362,420)
Expenditure
£
(70,845)
(91,153)
(173,557)
(335,555)		 Transfers
in/out
£
1,399
(1,399)
-
-
Transfers
in/out
£
2,079
(4,142)
2,063
-		 Balance at
31
December
2021
£
438,484
143,937
130,279
712,700
Balance at
31
December
2020
£
442,378
105,919
61,289
Summary of funds - prior year
Designated funds
General funds
Restricted funds
609,586

17. Analysis of net assets between funds Analysis of net assets between funds - current year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Restricted
funds
2021
£
-
-
130,279
130,279		 Unrestricted
funds
2021
£
6,754
735,396
(159,729)
582,421		 Total
funds
2021
£
6,754
735,396
(29,450)
712,700

Page 30

Medway Voluntary Action (A company limited by guarantee)

Notes to the financial statements for the year ended 31 December 2021

17. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Restricted
funds
2020
£
-
61,289
-
61,289		 Unrestricted
funds
2020
£
10,648
572,826
(35,177)
548,297		 Total
funds
2020
£
10,648
634,115
(35,177)
609,586

18. Pension commitments

The group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund and amounted to £6,112 (2020 - £5,685).

19. Operating lease commitments

At 31 December 2021 the company had commitments to make future minimum lease payments under non-cancellable operating leases as follows:

2021 2020
£ £
Not later than 1 year 18,030 6,904

20. Related party transactions

During the year S Milford-Kemp (Trustee) provided 1-2-1 support on behalf of MVA to other charities and was paid £385 (2020: £Nil) during the year. No balance was outstanding at year end (2020 - £Nil).

Page 31