OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-03-31-accounts

PRESIDENT: The Mayor of Burnley The Mayor of Burnley
EXECUTIVE COMMITTEE Mrs. S.Biggs Chairman
MEMBERS -TRUSTEES: Mrs. M. Lishman Vice Chair
Mrs. S.Hughes
Dr. W. Park
Mr. H. Eccles
Mrs. B.Ashworth
Ms. L.Pate
Mr. F.Wren (resigned 1stOctober, 2020)
Mr. P. Kenyon
Mrs. J.Oakes
Mr. W. Blackbum (resigned 15th June, 2021)
Mrs N. Zaman
Mr H. Thomas
Dr.J.Taylor
-REPRESENTATIVES: Local councils and Lancashire County
Council can provide representatives		 who
are allowed to attend meetings but have no voting rights.
CHIEF OFFICER: Mrs. C. Blythe
REGISTERED OFFICE The CVS Centre
AND PRINCIPLE ADDRESS; 62-64 Yorkshire Street
Bumley
Lancashire
BB113BT
AUDITORS: Ashworth
Moulds
11,Nicholas Street
Bumley
Lancashire
BB112AL
SOLICITORS: Southems
Lodge House
2nd Floor
Cow Lane
Burnley
Lancashire
BB111NN
BANKERS: Virgin Money
25, Manchester Road
Bumley
Lancashire
BB111HX
REGISTERED COMPANY NUMBER: 3328219
REGISTERED CHARITY NUMBER: 1062446
PAGE
CHAIRMAN'S REPORT 1-2
REPORT OF THE EXECUTIVE COMMITTEE 3-11
MEMBERS AND TRUSTEES
AUDITORS' REPORT 12-15
STATEMENT OF FINANCIAL ACTIVITIES 16
BALANCE SHEET 17
STATEMENT OF CASH FLOWS 18
NOTES TO THE ACCOUNTS 19-42
The following pages do not form part ofthe Statutory Accounts:-
APPENDIX 43

Year Year
ended ended
31.03.21 31.03.20
Notes Unrestricted Restricted Total Unrestricted Restricted Total
Funds
f		 Funds
6		 Funds
K		 Funds
K		 Funds
6		 Funds
6
INCOME AND ENDOWMENTS
FROM:-
Donations
and Legacies		 5,056 7,710 12,766 8,648 3,304 11,952
Charitable
Activities		 4-5 391,226 1,544,922 1,936,148 198,945 824,033 1,022,978
Investment
Income		 4,428 1,917 6,345 4,873 1,879 6,752
TOTAL INCOME AND ENDOWMENTS 400,710 1,554,549 1,955,259 212,466 829,216 1,041,682
EXPENDITURE ON: 7-8
Charitable
Activities		 217,144 1,420,736 1,637,880 284,246 829,400 1,113,646
TOTAL EXPENDITURE 217,144 1,420,736 1,637,880 284,246 829,400 1,113,646
Net Gains/(Losses)
on Investments		 12 11,196 11,196 (1,772) (1,772)
NET EXPENDITURE 183,566 145,009 328,575 (71,780) (1,956) (73,736)
Transfers between Funds 23 (1,469) 1,469 - (20,861) 20,861
NET INCOME I(EXPENDITURE) BEFORE 182,097 146,478 328,575 (92,641) 18,905 (73,736)
OTHER RECOGNISED GAINS AND LOSSES
NET MOVEMENT
IN FUNDS FOR THE YEAR		 182,097 146,478 328,575 (92,641) 18,905 (73,736)
Reconciliation
ofFunds
Total Funds Brought Forward at 01.04.20 484,311 570,831 1,055,142 576,952 551,926 1,128,878
TOTAL FUNDS CARRIED FORWARD 23 666,408 717,309 1,383,717 484,311 570,831 1,055,142
AT 31.03.21

2021 2020
Note E 6
Cash Flows from Operating Activities:
Net Cash Provided By/(Used In) Operating Activities 1 153,225 61,285)
Cash Flows from Investing Activities
Interest from Investments 6,345 6,752
Net Cash Provided
By / (Used		 In) Investing Activities 6,345 6,752
Change
in Cash and Cash		 Equivalents in the Year 159,570 (54,533)
Cash and Cash Equivalents at the Beginning ofthe Year 591,472 646,005
Cash and Cash Equivalents at the End ofYear 2 E 751,042 591,472
2021 2020
1 Reconciliation
of Net Income/(Expenditure)		 to Net Cash Flow E
from Operating
Activities
Net Income/(Expenditure)
for the		 Reporting Period (as per
the Statement
of Financial
Activities)		 328,575 (73,736)
Adjustments
for:
Depreciation
Charges		 20,248 18,398
Investment
Income		 (6,345) (6,752)
Profit on Investments (11,196) 1,772
Purchase of Fixed Assets (14,436) (14,152)
(Increase)/ Decrease
in Debtors		 (137,730) (43,719)
(Decrease)
/ Increase
in Creditors		 (25,891) 56,904
Net Cash Provided
By/ (Used In)		 Operating Activities 153,225 ~53,255
2021 2020
2 Analysis ofCash and Cash Equivalents K 6
Cash
in Hand		 418,720 264,251
Notice Deposits (less than 3months) 332,322 327,221
751,042 591,472
3 Analysis ofChanges
in Net		 Funds

g
D
CI		 N
ut
lo
~		 ~
O
t		 tp
CC		 CD
CO
CO		 N
I
CO		 CO
CO Ct
CO
Ol
tp tp
tfJ W
WIDN
m
CD
CO		 CO
CO Ct
CO
Ol
tp tp
tfJ W
WIDN
m
CD
CO		 CO
CO Ct
CO
Ol
tp tp
tfJ W
WIDN
m
CD
CO		 CO
CO Ct
CO
Ol
tp tp
tfJ W
WIDN
m
CD
CO		 I
CD
CO
I		 CD
ID		 tp
N
CON		 CO
3
N CO N Ct I
m
Cl		 D
cl
0		 N
'
to		 m
O		 IA
N
ct		 N
4
CD		 'cf
I
N		 N I
C)
I
c Cl Dl
Ptct		 Ol
Dl
Cl
E
E0O		 IEII
K
m
O		 Cl
ol
D
IQ		 E
IU
0
c
c
m		 C
0
E
f		 D
m) 0
c CO
oo
~
Cl
Ct
crO		 CD
CD
C)
I		 CO
N
CD		 I t t lp
O		 CO
'f
Cb
O O
ol (0
CD		 I I I
I N
Cl I
Ctc
0
Ct pttp t I Cl
pl
CD
Cl Cl
IUO)
DC.'
IU
Ol		 O
Cl
0
O		 co
M4l
)'
'g		 Ol
ct
Cl		 ' N
I
N		 CD I
I
Ct		 Dt
I
I-ZD
0
0
OZ
0 CI
O
IU		 Z TO
m
ut o mp
CI
N
Co
COz Co
0OZ
&~0
ZO
~
I
O
to g
Z
uu
IU
IU0Z
O. IU I-
)"CI0
IU Z I-
~ IU
Cn
Z O.'IU
0" c( I-
0IUO
CI)- Z		 mc0
mc00
0
tuc
0 0
E '=
mL
cO		 L
CI
E
fh
CI
c
E
Cl
E0
c		 m
CI
cc
m
ID 0		 tp
0 &
ttt cO
OSm
utE-)
c CII
m
EG
ul
0 ~
0
I
CI
C CII IL'
uI
ul
CIe
ulpm
IL
Ct0
CL
C0
Z
m
tu
ut
$ .—
0 uo
L
KE E
mmD
0
S
E00
mc
CI
CI
0 CO

Gannow
Community Community Year Year
Centre and Capacity ended ended
Basis of Core Carers Volun- The CVS Bdg, Dev & 31.03.21 31.03.20
Allocation Activities Service teering Centre Empowerment Total Total
Costs Directly Allocated
to Activities
Staff Costs (including Pension Costs) Direct 360,188 47,238 42,443 84,378 37,189 571,436 449,909
Travel and Other Expenses - Staff Direct 4.318 1,798 87 135 6,338 10,165
Travel and Other Expenses - Volunteers Direct 15,686 3,256 220 798 19,960 27,468
Grant Funding (see note 8) Direct 393,659 198,493 592,152 203,784
Direct Expenditure
for		 Community Projects Direct 13,975 1,718 2,615 5,328 23,636 111,052
Premises Costs Direct 21,008 21,008 25,094
Respile Costs Direct 370 370 5,805
Fundraising
and Publicity		 Direct 1,253
Other Expenses Direcl 37 12 63 398
Legal and Professional Fees Direct
Audit Fees -
Statutory		 Direct 4,107 564 480 1,543 873 7,367 7,537
Support Costs Allocated
to Activities
Premises Costs Floor Area 30,014 4,303 4,906 13,528 31,754 84,505 58,972
General Office and Finance Staff Staff Time 86,039 1,324 1,382 9,338 25,481 123,564 89.165
Training Costs Usage 457 299 577 148 3,710 5,191 15,703
Project Administration Fees Usage 85,930 5,300 1,400 5,400 27,188 125,218 51,194
Communications Usage 11,482 862 1,342 3,340 3,732 20,758 23,894
Advertising,
Fees &Subs		 Usage 5,326 829 438 1,843 424 8,860 9,055
Depreciation Usage 5,955 185 13,735 368 20,248 18,398
Other Expenses Usage 107 10 2,124 2419 4,660 2,289
Accountancy Staff Time 1,333 224 250 515 224 2,546 2,511
1,018,613 85,030 56.483 159,834 337,920 1,637,880 1,113,646

Grants to Grants to
ANALYSIS OF GRANT FUNDING Institutions Individuals
Core Activities 176,340 217,319
Building Development
and Empowerment		 198,493
374,8336 217,319
Grant Funding to Institutions:
Large grants to institutions;
Prescription
for Wellbeing		 Pendle Leisure Ltd grant 30,000
Big Local Burnley Leisure Youth Engagement 40,000
New Era grant for babies and toddlers 28,199
Population
Health
Mangement		 Pennine Lancashire Community Farm 18,973
Small grants to institutions 257,661
374,833

Freehold Freehold Fixtures,
TANGIBLE FIXEDASSETS Land & Fittings & Motor
Buildings Equipment Vehicle Total
Cost
At 1stApril, 2020 528,155 155,040 2,000 685,195
Additions 14,436 14,436
At 31st March, 2021 f 528,155 6 169,476 E 2,000 8 699,631
Depreciation
At 1stApril, 2020 164,531 125,661 875 291,067
Charge for the Year 10,563 9,185 500 20,248
At 31st March, 2021 E 175,094 f 134,846 E 1,375 6 311,315
Net Book Value
At 31st March, 2021 353,061 6 34,630 E 625 E 388316
At 31st March, 2020 363,624 6 29,379 E 1,125 F 394,128
Year Year
ended ended
12 INVESTMENTS 31.03.21 31.03.20
3,647 Income Units held in COIF charity fund for the
League ofSocial Services Distress Fund at market
valuation 65,377 54,181
Less: Market Valuation Brought Forward 54,181 55,953
Unrealised
Gain/(Loss)		 for the Year (as shown in the
Statement of Financial Activities) 11,196 6 (1,772)
13 DEBTORS AND PREPAYMENTS
Trade Debtors 186,418 40,199
Accrued Income 75,416 76,275
Monies owed to Distress Relief Fund by Council for
Voluntary
Service General		 Fund 4,869 5,603
Other Debtors 8,962 15,858
6 275,665 6 137,935

Balance as at 1st April, 2020 101,865
Amount Released to Income from Charitable Activities (101,865)
Amount Deferred in Year 60,535
Balance as at 31st March, 2021 f 60,535

Year ended 31stMarch, 2021 Year ended 31stMarch, 2021 Unrestricted Restricted Total
Tangible Fixed Assets 14,240 374,076 388,316
Investments 65,377 65,377
Current Assets 675,349 351,358 1,026,707
Current Liabilities (23,181) (73,502) (96,683)
666,408 F 717,309 6 1,383,717
Year ended 31st March, 2020 Unrestricted Restricted Total
Tangible Fixed Assets 11,109 383,019 394,128
Investments 54,181 54,181
Current Assets 488,963 240,444 729,407
Current Liabilities (15,761) (106,813) (122,574)
484,311 2 570,831 E 1,055,142

Income
including
gains and At
31.03.19 losses Expenditure Transfers Notes 31.03.20
Unrestricted
Funds
General 134,855 (201,766)
Gateway
Vol/Training		 Engagement (600)
Communicars 56,669 (59,522)
Rossendale
Communicars		 18
ESIFProject 17,442 (20,410)
Young Carers 3,500 (1,966)
Total Unrestricted
Funds		 6 576,952 212,466 (284,246 20.861 1 484.311
Restricted Funds
Distress Relief 70,579 1,879 (6,453) 66,005
Prescription
for Wellbeing		 97,008 329,668 (345,071) 81,605
COVID19 Emergency Response 3,000 (191) 2,809
Social Prescribing
Link Worker		 45,649 (35,443) 10,206
Young Carers - Respite 7,706 1,495 (1,595) 7,606
Young Carers Activity Project (6,364) 1,470 (11,790) (16,684)
Mental
Health Young		 Carers (6,854) 48,901 (41,931) 116
Looked After Children 2,138 9,879 (5,709) 6,308
Young Carers Ait and Wellbeing 2,950 (1,635) 1,315
Youth Empowerment Project 1,147 3,846 (3,107) 1,886
Young Carers Female Empowerment 2,500 (1,510) 990
The CVS Centre - Running (59,308) 74,095 (77,186) (62,399)
CVS Gannow
Community		 Centre- 67,402 91,311 (74,046) 84,667
Running
The CVS Centre - Building 225,285 (7,563) 217,722
CVS Gannow
Community		 Centre- 143,000 (3,000) 140,000
Building
Fixtures,
Fittings and Equipment		 708 708
Fair Share Trust 21 (18) 3
Big Local (25,907) 150,693 (165,467) (40,681)
Big Lottery Fund and ESF Building (16,541) 2,819 (7,853) 21,575 1
Better Opportunities Grant
ESOL Project 36,713 42,011 (32,815) 45,909
Eric Wright Small Grants Scheme 7,782 20,000 (8,575) 19,207
Takepart
Pathfinder		 565 565
Volunteerinq
ONE
I ance		 186 (186) 1
Building Better Opportunities Project 582 (54) (528) 1
ELCCG Funded Social Prescribing 3,128 (160) 2,968
Total Restricted
Funds		 551,926 829,216 (831,172) 20,861 570,831
Total Funds 1,128,878 1,041,682 (1,115,418) 1,055,142

25 CONTINGENT LIABILITY (CONTINUED) LIABILITY (CONTINUED) LIABILITY (CONTINUED) LIABILITY (CONTINUED)
PRESENT VALUES OF PROVISION
31 March 2021 31 March 2020 31 March 2019
(fs) (Es) (Es)
Present value ofprovision 8,620 10,213 12,390
RECONCILIATION OF OPENING AND CLOSING PROVISIONS
Period Ending Period Ending
31 March 2021 31 March 2020
(Es) (Es)
Provision at start ofperiod 10,213 12,390
Unwinding
ofthe discount factor		 (interest expense) 230 156
Deficit contribution paid (2,118) (2,056)
Remeasurements - impact of any change in assumptions (295) (277)
Remeasurements -amendments to the contribution schedule
Provision at end of period 8,620 10,213
INCOME AND EXPENDITURE IMPACT
Period Ending Period Ending
31 March 2021 31 March 2020
(Es) (fs)
Interest expense
Remeasurements —impact ofany change in assumptions
Remeasurements —amendments to the contribution schedule
Contributions
paid		 in respect offuture service*
Costs recognised in income and expenditure account 2,118 2,056
31 March 2021 31 March 2020 31 March 2019
% per annum % per annum % per annum
Rate ofdiscount 0.66 12.53 1.39

Year ending 31 March 2021
(Es)		 31 March 2020
(Ks)		 31 March 2019
(E )
Year 1 2,181 2,118 2,056
Year 2 2,247 2,181 2,118
Year 3 2,314 2,247 2,181
Year 4 1,986 2,314 2,247
Year 5 1,986 2,314
Year 6 1,986
Year 7
Year 8
Year 9
Year 10
Year 11
Year 12
Year 13
Year 14
Year 15
Year 16
Year 17
Year 18
Year 19
Year 20