2022-03-31-accounts - Reading Voluntary Action

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Reference and Administrative Details	Reference and Administrative Details
Trustees' Report		2 to 10
Independent Examiner's	Report
Statement ofFinancial	Activities	12to 13
Balance Sheet		14
Notes to the Financial	Statements	15to 28

The trustees	and officers serving	during the year and since the year end were as follows:
Trustees;		Ms KJMorton (Chair)
		Mr SLeitch (Treasurer)
		Mr P M Brierley
		Mrs KForster
		Ms SJlllger
		Ms J C Roberts
		Ms SE Stevens
		Ms GBThomas
Chief Executive Officer:		Mrs RL Spencer

			and Lo	sses)
				Unrestricted	Restricted	Total
				funds	funds	2022
			Note
Income and Endowments		from:
Donations and legacies				124		124
Charitable activities				17,298	594,692	611,990
Total income				17,422	594,692	612,114
Expenditure on:
Charitable activities				(71,204)	(592,797)	(664,001)
Total expenditure				(71,204)	(592,797)	(664,001)
Gains/losses on investment		assets		2,109		2,109
Net (expenditure)/income				(51,673)	1,895	(49,778)
Transfers between	funds			(25,378)	25,378
Other recognised	gains and losses
Actuarial gains on	defined benefit pension
schemes				183,000		183,000
Net movement in funds				105,949	27,273	133,222
ReconciTiation offunds
Total funds brought	forward			(739,577)	86,250	(653,327)
Total funds carried	forward		16	(633,628)	113,523	(520,105)
				Unrestricted	Restricted	Total
				funds	funds	2021
			Note
Income and Endowments		from:
Donations and legacies				1,284		1,284
Charitable activities				34,506	457,672	492,178
Total income				35,790	457,672	493,462
Expenditure on:
Charitable activities				(40,014)	(474,723)	(514,737)
Total expenditure				(40,014)	(474,723)	(514,737)
Gains/losses on investment		assets		4,173		4,173
Net expenditure				(51)	(17,051)	(17,102)
Transfers between	funds			(6,133)	6,133
Other recognised	gains and losses
Actuarial gains on	defined benefit pension
schemes				(237,000)		(237,000)
Net movement in funds				(243,184)	(10,918)	(254,102)

		and Lo	sses)
			Unrestricted	Restricted	Total
			funds	funds	2021
		Note
ReconciTiation offunds
Total funds brought	forward		(496,393)	97,168	(399,225)
Total funds carried	forward	16	(739,577)	86,250	(653,327)

		Balan	ce Sheet as at 31	March 20	22
						2022	2021
				Note			f
Fixed assets
Investments						26,442	24,332
Current assets
Debtors				12		43,404	30,343
Cash at bank and in hand				13		326,212	311,961
Creditors: Amounts	falling due within		one year	14	369,616 ~90,163		342,304 46,963
Net current assets						279,453	295,341
Net assets excluding	pension liability					305,895	319,673
Pension scheme liability				15		(926.(100'1 ~(973,000
Net liabilities including		pension liability				(520, 05) ~(653,527
Funds ofthe charity;
Restricted income funds
Restricted funds						113,523	86,250
Unrestricted income	funds
Unrestricted funds					~633,623) ~(739,577
Total funds				16	~520, 05)		(653,327)
For the financial year	ending 31March 2022 the charity was entitled to exemption					from audit under section 477
ofthe Companies Act	2006 relating to small companies.

							Unrestricted
							funds	Total
							General	funds
Donations and	legacies;
Donations Irom		individuals					124	124
Total for 2022							124	124
Total for 2021							1,284	1,284
4 Income from		charitable	activities
						Unrestricted
						funds	Restricted	Total
						General	funds	funds
Contract income							319,725	319,725
Training event		income				442		442
Project fees						7,906	13,482	21,388
Other income						772	445	1,217
Income from	listed investments					726		726
Interest on cash		deposits				33		33
Grants receivable						5,750	247,631	253,381
Management	fees					1,669	13,409	15,078
Total for 2022						17,298	594,692	611,990
Total for 2021						34,506	457,672	492,178
5 Expenditure		on charitable		activities
					Unrestricted	funds	Restricted	Total
					Designated	General	funds	funds
		Note
Charity running	costs				21,000	(7,551)	133,391	146,840
Depreciation,
amortisation and
other similar costs						2,007	549	2,556
Statf costs					15,000	36,668	458,857	510,525
Governance costs			6			4,080		4,080
Total for 2022					36,000	35,204	592,797	664,001
Total for 2021					20,000	20,014	474,723	514,737

				Unrestricted
				funds	Total
				General	funds
Independent examiner		fees
Examination	ofthe	financial	statements	4,080	4,080
Total for 20ZZ				4,080	4,080
Total for 2021				4,140	4,140

Purniture and
equipment	Total
24,720	24,720
2,555	2,555
27,275	27,275
24,720	24,720
2,555	2,555
27,275	27,275

Other investments
	Listed
	investments	Total
Cost or Valuation
At I April 2021	24,332	24,332
Revaluation	2,110	2,110
At 31March 2022	26,442	26,442
Net book value
At 31March 2022	26,442	26,442
At 31March 2021	24,332	24,332

12 Debtors
	2022	2021
Trade debtors	32,287	8,394
Prepayments	3,311
Accrued income	7,806	21,943
Other debtors		6
	43,404	30,343

13 C	ash	and cash equivalents
			2022	2021
Cash	on	hand	148	166
Cash	at	bank	326,064	311,795
			326,212	311,961


14 Creditors:	amounts	falling due within one year
			2022	2021
Trade creditors			17,000	3,689
Other taxation	and social security		194
Other creditors			40,969	25,274
Accruals			32,000	18,000
			90,163	46,963
15 Pension and other schemes

Reconciliation ofscheme assets and liabilities to assets and The amounts recognised in the statement offinancial position	liabilities recognised are as follows:
	2022	2021
Fair value ofscheme assets	1,244,000	1,129,000
Present value ofdefined benefit obligation	(2,070,000)	(2,114,000)
Defined benefit pension scheme deficit	(826,000)	(985,000)

Changes	in the defin	ed benefit obligation are as follows:
			2022
Present	value at start ofyear		2,114,000
Cturent	service cost		19,000
Past service cost			7,000
Interest	cost		42,000
Change	in financial	assumptions	(69,000)
Benefits	paid		(51,000)
Contributions by scheme participants			3,000
Experience gain on		defined benefit obligation	5,000
Present	value at end	ofyear	2,070,000

Changes in the fair value ofsche	me asset	s are as f	ollows:
				2022
Fair value at start ofyear				1,129,000
Interest on assets				22,000
Return on plan assets, excluding	amounts	included	in interest income/(expense)	131,000
Employer contributions				11,000
Contributions by scheme participants				3,000
Benefits paid				(51,000)
Administration expenses				(1,000)
Fair value at end ofyear				1,244,000

Analysis ofassets The major categories ofscheme assets are as follows;
	2022	2021
Cash and cash equivalents	26,000	51,000
Equity instruments	772,000	678,000
Other bonds	201,000	184,000
Property	149,000	140,000
Target return portfolio	4,000	46,000
Infrastructure	152,000	92,000
Longevity insurance	(60,000)	(62,000)
	1,244,000	1,129,000

The principal a	ctuarial	ass	umptions	at the statement offinancial p	osition date are as follows:
					2022	2021
						0/
Discount rate					2.60	2.00
Future salary increases					4,30	3.85
Future pension	increases				3.30	2.85
Post retirement	mortality		assumptions
					2022	2021
					Years	Years
Current UK pensioners		at	retirement	age —male	21.00	21.00
Current UK pensioners		at	retirement	age —female	24.00	24.00

16Funds
		Balance
		at 1				Other	Balance at
		April	Incoming	Resources		recognised	31March
		2021	resources	expended	Transfers	gains/(losses)	2022
					g	g
Unrestricted funds
General
General Fund		69,091	70,277	(88,059)	(25,378)		25,931
Designated
COIF Investment		24,332				2,109	26,441
Pension Reserve		(973,000)		(36,000)		183,000	(826,000)
Pension Liability	Reserve	80,000					80,000
Contingency Reserve		60,000					60,000
		(808,668)	—	(36,000)		185,109	(659,559)
Total unrestricted	funds	(739,577)	70,277	(124,059)	(25,378)	185,109	(633,628)
Restricted funds
Restricted Funds	(see
below)		86,250	594,692	(592,797)	25,378		113,523
Total funds		(653,327)	664,969	(716,856)		185,109	(520,105)

							Balance	at
			Balance at 1	Iacoming	Resources		31March
			April 2021	resources	expended	Transfers	2022
					f.
Unrestricted funds
Restricted funds
Advice Service	(Earley
Charity)			9,903	40,700	(42,180)		8,423
Berkshire West	CCG
Partnership			70	12,000	(12,070)
Social Prescribing
(Berkshire West CCG)			5,492	36,858	(49,910)	7,560
Ready Friends	(Earley
Charity)			6,955	10,000	(13,376)		3,579
Supporting Participation		and
Engagement (RBC)			27,814	48,500	(62,205)		14,109
Organisational	Development
(RBC)			9,465	73,000	(94,618)	12,153
Brighter Futures for
Children (School Project)			14,638	7,820	(26,058)	3,600
Parent Employment
Wellbeing				19,792	(17,168)		2,624
PCN Link Workers			1,505	158,368	(158,976)			897
Vaccine Support				34,422	(17,512)		16,910
Census Support			408		(11)			397
Wild Being			10,000	45,000	(38,654)		16,346
CPAR				19,026	(14,286)		4,740
Town Centre Project				15,400	(17,465)	2,065
Faith Forum				12,174	(3,200)		8,974
Aspire 2				13,409	(13,409)
Ageing Well				20,435	(8,331)		12,104
Client Grants				2,788	(2,223)			565
pHM project				25,000	(1,145)		23,855
Total restricted	funds		86,250	594,692	(592,797)	25,378	113,523

			Balance at				Other	Balance at
			1April	Incoming	Resources		recognised	31March
			2020	resources	expended	Transfers	gains/(losses)	2021
Unrestricted	funds
General			59,448	105,305	(89,529)	(6,133)		69,091
Designated			(555,841)		(20,000)		(232,827)	(808,668)
Total unrestricted		funds	(496,393)	105,305	(109,529)	(6,133)	(232,827)	(739,577)
Restricted funds			97,168	457,672	(474,723)	6,133		86,250
Total funds			(399,225)	562,977	(584,252)		(232,827)	(653,327)

					Total funds at
		Unrestricted	funds	Restricted	31March
		General	Designated	funds	2022
Fixed asset investments			26,442		26,442
Ctnrent	assets	78,443	139,999	151,174	369,616
Current	liabilities	(52,512)		(37,651)	(90,163)
Pension	scheme liability		(826,000)		(826,000)
Total net assets		25,931	(659,559)	113,523	(520,105)
					Total funds at
		Unrestricted	funds	Restricted	31March
		General	Designated	funds	2021
Fixed asset investments			24,332		24,332
Current	assets	97,164	140,000	105,140	342,304
Current	liabilities	(28,073)		(18,890)	(46,963)
Pension	scheme liability		(973,000)		(973,000)
Total net assets		69,091	(808,668)	86,250	(653,327)