Company R•gistrntion No. 03301204 IErvJland and Walos} Charity Re9i$tration No. 1062644 FLINTSHIRE LOCAL VOLUNTARY COUNCIL ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 AZETS *AS)D26Q8• 2111212022 CthAPANIES HOUSE A12
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FLINTSHIRE LOCAL VOLUNTARY COUNCIL LEGAL AND ADMINISTRATIVE INFORMATION Trstee$ Mr T 8Yrn Mr J D Hatton Mr P A HinthlLffe M$PMPerry M5 8 Roberts Ms J M Thomson Mr PAgnew (Ap[Inted 9 September 2021) Secretary Ms Charity numbèr 1062644 Company nmber 03301204 R•gi$l•l offlc• CORLAN, Unit 3 Mc4¢J Busine$$ Park Ihtrexham Road Mold Flintshire United Kingdom CH7 1XP Auditor AzetsAudit SeNices Brynford House 21 Brynford Street Flintshire United "ngdoM CH8 7RO
FLINTSHIRE LOCAL vOLuTARy COUNCIL CONTENTS Page Statement of trustees. resp511rtle$ Trustees, report Independent auditorfs rewt 8-11 Siatement of financial actilieS 12 Bale sheel 13 Statement of cash flo 14 Notes to the financial slatements 15-28
FLINTSHIRE LOCAL VOLUNTARY COUNCIL STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2022 The trustees. who are also the directors of Flintshire Local Voluntsry Council for the pwpose of company law. are responsible for preparing the Trustees. Report and the financial statements in a¢¢ordance with applicatrAe law and United Kingdom A¢countsng Standards {United Kingdom Generaty Accepted Accounting Practice). Company Law reqre5 the trustees to prepaft finan¢ial ststements for each financial year which give a true and fair view of the state of affairs of the chaiity and of the incoming resources and appli¢ation of sourCes. induding the income and expen(knire. of the charitsbltr ¢0mY for that year. In preparng these financial statements, the trLtstees are reqLed to: - select suitable cOunting policies and then appty thern consistenlly". - ob5eTve the method$ and principles m the chanb.es SORP". - make judgements and estimates that are reasonable * pwden¢: and prepare the rb1al statements on the goirmj concem basts unless rt is inappropriate lo presume that the charity wll continue in opefation. The trustees are responsth for keepin9 adequate accounts.ng records that disdose vAth reasonabk a¢curacy at any time the financial positbon of the charity and enable them to ensure that the financial statements comply wlh the Companies A¢t 2006. They are al$0 sponSible for safeguarding the assets of the ¢harity and hen¢e for takirvJ reasonable steps for the preventson and dete¢bon of fraud and other irregulants.
FLINTSHIRE LOCAL VOLUNTARY COUNCIL TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 AIARCH 2022 The trustees present their report and financ1 statements for the year ended 31 March 2022. The financial statements have be wepared in a¢Corar with the acccMJnbng poli¢ies set out A) note 1 to the financial statements and compty wth the chanty's govemin9 document. the Companies Act 2006 and 'Accounting and Repo"n9 by Charibes." Slalement of Recommended Practs"ce applKable to Charities eparing their a¢¢ounts in accordance wih the Financial Reporting Standard applicable in the UK and Republic of IrelarKI {FRS 1021 leffethve 1 Janu¥y 20191.. Obj•ctives and •¢tlwitles Flinlshire Local Voluntsry Couwl IFLVCI 1$ an umtrKela organisation for ¥ONtory arAI ¢ommunty groups in Flinlshire. FLVC is tasked by the Welsh Government to provide a wde range of services to the voluntary se¢tor and is member of the Third Sector Infrastnjclure Body, Third Sector Support Wale$ ITSSWJ which combines the work of the national L¥)dy, Wales Council for Voluntsry Adion arKI the nineteen County VOntary Councils across Wales. FLVC'S vision is for a strorvj and effecti Voluntary and corrnnunity sector involving and serving the people of Flinlshire. FLVC'S mission is to support, develop and promote voluntary and community activity in Flinlshire and to 51renglhen the ¢apa¢ty of voluntary and Gommunty groups lo contribLrte to quality of lrfe of Flintshire people and communities. FLVC works within the framework of agreed Nalional Core Seryice Standards COrporated in the National Infra$lru¢ture Agreement that form port of the TSSW BUSIrSS Plan. The aim of the plan is to build a Wales that is prosperous and secure, heatthy and actrve. amb"Ou5 arKI leaming, and united and connected. Third Sectof Support Wales has an impact measurement framewThk wthin four areas ofw)rk.' - Good govemance - Effedive influencin9 and strategic engagement Volunteering - Sustainable fundin9 Flintshire Local Voluntary Counal's Core Values (as stated Vlilhin the Strategie Plan) are.. Quality- Delivering high quality services via a skilkd. trained and motivated workforce R•spons•blllty - Responding to relevant policy and kgislative change through regular consuation and engagement wth all stakeholders Partnership - Represenbng and emptiring Membe and promoting the unKtueness and effectiveness of Third Sector support lo our communities Equality - Ensur9 OUT practice refie¢ts and respmds to the diverse rbeeds of the sedor and the poPutIon of Flintshire The truslees have paid due regard to guidan¢e is$ued by the Chty Commi$siM in deciding 81 adivthe$ the tharty should undertake.
FLINTSHIRE LOCAL VOLUNTARY COUNCIL TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT} (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2022 Sign•ficant activities 2021122 saw a consolidation of FLVC'5 core Irk, wth stsff adaptsng to a hybrid model of worknng. combining homevbased and offi¢e ba$ed attendan. in line ith Welsh Government Covid restrickn'ons. Bespoke training and support was prowded to support Third Sector organi5atitins as they adapted lo sUming fa¢e-Io-face Wofkinglreopening PrniseS. Key pieces of work indude a project fvnded by Catyn CWd (Reset, Resume and Rebound) which prowded dedicated resource to support Communty Venue5 and Communty-based projects lo rtreslablish their services as CO¥ restrith.ons eased. The support helped organisatsons lo develop risk assessment5 and to adapt their poly and wactte to ensure the safety of seNice users, volunteers #nd stsff. In 2021 FLVC also f>uilt on the work done during the initral Covid lockdown to link volunteers V+ilhin Social care settings. The 'VolunteeriNJ in SOCI Care. proJe¢l was seen as a model of gcod pract by health and social care leads. FLVC'S supported volunteerirwj projects have hdped very many individuals to develop their ¢onfrlen¢e and Sk18 to access volunteering wthin the •Jer ¢ommunty. FLVC'S So¢ial PbIng $eNce Increa in 2021122 - enabling Flintshire restdents to explore What Matters to ihem and to help them to access voluntsry and corMiunty-ba$ed supwt. The team work vAlhin Flint5hire SiThJle Point ofAc¢e$5 {for adults} and the Early Help Hub {fof Children and Families) FLVC ¢ontinued to administer a number of grant fijnds v4ch support local Voluntary and cornmunity groups. induding addrtional ftjnds lo support the Third Se¢tor as part of the Covid Response and re¢overy. The Youth Led Grant s¢heme. funded by the Welsh Government. is distributed by a group of youn9 people the support of FLVC. Flintshire Local Voluntary Council also administer the local aulhonty's Communty Chest Fund and support the distributson of funds ttrUgh the Gwynt y Mor Community Project. Support continues for Flinlshire's Communrty Asset Transfer Pre$S. wth FLVC staff and a trustee representative working closety k)cal authonty staff to support wtentsal applicats"ons. RePrn1¥110 and partngrshlp $uppori FLVC has conb'nued to represent the third se¢tor wthin a range of Strategic Partnerships. Flinlshire Local Voluntary Council is an invited partKipant on the PU1C SeThices Board ol Flintshire and represents the Third Sector al various suwroups of the PSB. The Chief Offi¢er and the Third Se¢lor Devek)pment Managers attend var)us gIonal partnetships and work with WCVA. the national body. on various Steering groups and panels. including trse leading development regardin9 the Core Service aa5 of vth - Volunteewing, Good Goveman¢e. Svstainable Funding and Engagement and InlluenCw- and aso lryact Measurement and Safeguarding Servi¢e$. Quality Assurance FLVC ¢ontinues lo work tovraids Trusted Charty Status, hawng achieved the PQASSO Quality mark (the previous Charity Commission ended Qualty Standard) in 2018. In 2021 Flinlshire Local Voluntary Counal renewed rts Investin9 in Volunteers Qualty Standard. reflxting their ?rk to develop high standard5 in reuuib"ng. training and supporling voknteers.
FLINTSHIRE LOCAL VOLUNTARY COUNCIL TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Achi•vements 4nd perfonnan¢e Charitable activities The following statistu give an indication of the raroe of ser¥Ke5 prOded by FLVCin 2021122.. - There vre over 24.SOO visits to our vebsile www.Il¥c.org.uk - FLVC en3ed Voluntary and Communty Groups lo access over £263.0> of funding from a tpAe range of sources. £217.000 of funding was awaTde(l through our Grant s¢heme$. - FLVC'S netsvork and Partners"p events attracted 424 tendees throughout the year - 251 people atteruled our on4ine training courses - 96 individuals were brokered into volunteewing 371 indpiidual$ WOVKled wi¢h addibonal support to volunteer Intsrn*l and extsm¥l fa¢tors Tru$lees continue to be activety inwl¥ed in shaping future plans for the organisation and remewing performance through sulk¢ommitlee$ and worting groups. Trustee meetings have taken advanlage of web ¢onference lechnology lo enslsre the COntinuatn of effective go¥eman¢e of the organisalion. Financial review Reserves policy FLVC has a Reseryes Policy wts.ch guides the trustees thw dellJerations about future securty and onlingen¢ies. The trustees have rewewed these costs and * 31 Mar¢h 2022 believe them lo be.. slaff redundancy £30,000. Premises repairs and renewals £10.000, conlriLxrtion lo one yeavs ka$e payments at £23,000 to cover risks lo rentsl payments, and infomMtion technology equipment repFacement £7.000. The individLtal elements arnount lo £70,000 and the trustee$ V•Y)ukl like lo designate an unrestricted fft5erve for this amount. Prlnelpal lundlng sources FLVC conts.nues lo enjoy a reasonabty stable. rf reducing. pladom of re funding. FLVC received funding from the followng primary sources.. Welsh Govemmenl.. dle$ Coun¢il for Vduntary Acbon., Flintshire County Council., Betsi Cadwaladr Universty Heahh Board," Inlemediale Care FurHI (Single Point ofAccess)- Familie$ First", Cad%n Cfvryd.
FLINTSHIRE LOCAL VOLUNTARY COUNCIL TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2022 COVID 19 In common with many other busnesses and ernOYerS in the UK. in 2021r22 FLVC continued to be impacted by the coronavirus pandemic and the a¢b"on$ tsken ty the various UK govemments lo limit it$ Spread. Addrtional lunds were awarded by lsh Govern1 to support Third Sector Supwt INales and the County Voluntary Counals wth their Covid 19 response and reery VKth. The FLVC team have supported existing ¢xganisakn"ons lo adawncrease their Selee delivery and have supported many nevAy established mutual aid groups set up in response to the Covid 19 pandem Prior lo Ihe onset of the pandemic. FLVC'S outreach rk $ primority via face to face meetings and nefvlorking events. In 2020121 all staff conb.nued to from h(xne, wth 2021r22 seeing a move t¢)wards a hybrid model of workn"ng. Full risk assessments for a phased retym to the office were regularly conducted. overseen by extemal Healih and Safety consultants. In addition to the nonnal risks faced by FLVC. the h1 addrtKJnal llsks in ihe area of bu$nies$ ¢ontinuity. FLVC have kept rn lou¢h vAth gutdance issued by profe$sional organisatrtins such as the accountancy institutes and performed an in-house assessment of the reliakn.lty of OUT fijnding sources into the fvture. We are sa115ffitd that, for the foreseeable future, possible lo$$ of current fvnding is primarily low risk and additional funding has been secured to meet addibonal costs. FLVC will re¥ that analysis on a regular basis going foNrfard. Ri$lt factQTS The tnjstees have assessed the major risks to wthich the charbty is eXrsed. and are Satisf that systems are in place to mthgate exposure to the major risks. FUre plans though the lunding environment in which the third sector is operating MaInS uncertain and very challenging. FLVC is still identsfying and explorftng OPPOrtunth'es vthich ensure thal the or9anisation ntinl lo deliver good quality 5U51ainable seryices. Our prigrib.es remain.. - Working collaborativety wth SLulory. Private and Sector partners lo de&ver Qualty Public seMce$ - Collabor*'ng With Third Sector Support Wales partners lo make the best use of resour¢es - Developing services thal help lo maximise the impa¢1 of the Third Sector as a vthole Structure, govem•n¢e and management The chanty is a company limited by guarantee. The charity ts controlled by its goveming dMent. ils Memorandum and Artides ofAs50ciation. arKI constilules a k'mi¢ed ¢ompany, limited by guarantee. as define by the CompaniesAct 2006. The trustees, who are also the directors for the Purpose of company law. and seryed during the year and up to the date of gnatUre of the financial stslements were.. Ms R Bithlell {Re$igned 30 Apn'l 20221 Mr W D Brereton {Resr 30 2022) MrT Byram Ms H Wcarter Mr J D Hatton Mr P A Hinchirffe MS M E Holland M$PMPerry Ms B Roberts Ms J M Thomson Mf L Tiralira Ms J W Styles Mr P Agnew {Deceased 13 janu 2022) (Resig 9 September 2021) (Resigned 30April 20221 (Resigned 1 April 2021) (Appty'nted 9 September 2W21)
FLINTSHIRE LOCAL VOLUNTARY COUNCIL TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 R•¢ruitment and appointment of n•w tr11¥$ The ¢harity can have up to 15 trustees. 12 ofthom are nominated and elecled by the membership and three n be appointed by the trustees. Onty one third of the trustee pla¢es are eligible for nomination ea¢h year 50 balan¢ing continuty VAth renevrJl. The charity pseIlY has 7 ITUStees. None of the trustees has any benefiual interest in the company. All of the trustees are members of the company arid guarantee to o)ntriLxrte £10 in tt event of a Y•indmg up. Oryanisational structure The FLVC Board meets at least five times each year and has a number of SUIComMIttee$ pOrty lo it ar overseeing finance$, personnel issues and partthlar semce areas. The trustees delegate to the Chief Officer and the management team and. through them. to staff team5 Ihe day to day operation of the organisats"on. Trustees require regular pro9s$ reports on serffl¢e$ and aCtr¥itS and s¢rutinise and approve budgets and finanal reports. Tnjstees also take re5ponsibAty, vnth support from staff. for the development and approval of I ne¢e$sary policie5 and pro¢edure$ and for the reuuitment and apwnlment of $taff. FLVC contracts with Ellis Whittam Limited (now WorkNe5t) to rerEive legal ath.ce on PersMnel and Heatth & Safety iSSLbes. Indu¢ti¢)n and traSning of n•w truslws Afi trustees are prowded wth an induth.on pack and new trustees atterhd an inducth.on course. Trustees can access training whith 15 relevant to their role and shadow more expervènGed ¢olleagues to kam a particular e in more detail. Stat•m•nt of Public B•n•fit The objects of Flintshire Local VUntary Councd as stated in the Memorandum ofAs50ciation are as follow5 ..to wom¢le any charitable purpose$ frjr the benefit of the commuruty in Waks parti¢ular prefwence lo the Local Government District of Flintshire lor its successors} whith now or hefeafter May be deemed by law to be charrtable" The trustee$ have tsken r)ote of the Chartty Commission's guidance On"pUbl benefrf and trust that this report reflects that guidance. FLVC dis¢harges its responsibility under"Pu1C benefit" by providiny a range of support services to other voltary organisations and charrties as Set oul in this report. In partiGular il supports, but not exclusively, those the following charrtable purpose5.' - the prevention or relief of poverty - the advancement of education - the advancement of heatth OT sawng of li¥e$ - the advancement of citizenship or communty developmènt - the advancement of arts. culture. hentage or s¢ien¢e - the advan¢ement of amateur sport - the advancement of animal weWaTe - the adVanment of environmental pmteth.on or vnpiovemenl - the advancement of human rights - the relief of those in need. by reason of youlh. age. iH*alih, disalilty. ffinancl hardship or other disadvantage Rèlated parti•5 FLVC collaborates wth a whle range of partners at local. gIonal and nats.onal levels. These include public bodies and other third sector organisations. The purpose of the cdlaborabon can be to develop new projects and services. lo secure all'0nal fesources or to represent the inte$15 of the third sector. It receives signifi¢anl core funding from the Welsh Govemment (administered by WCVA}, throu9h the National Infrastru¢ture Agreement. The ¢hartty builds on this core funding by attracting support from a range of $our¢es, including Flinlshire County Counril. e5 Coun¢il Voluntsry Acb"on, Betsi Cadwaladr University Health Board IBCUHBI and Families FirsL ere lrustees have any links %Mth related parties these are de¢laTed on a register and trustees are qUIred to dedè any potential eonflict of interest at any meeting ere this may arise. Appropriate acb'on is then tsken by chair of the meebng.
FLINTSHIRE LOCAL VOLUNTARY COUNCIL TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Auditor The auditor5. A2el$ Audit Service$. wdl be proposed for rfrapprAntment at the forthcoming Annual General Meeting. The Iruslees, report was approved by the Board of Tnjslees. M5 A Woods Secretary Dated.. 16 Je 2022
FLINTSHIRE LOCAL VOLUNTARY COUNCIL INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF FLINTSHIRE LOCAL VOLUNTARY COUNCIL Opinlon We have audrted the ffinancial statements of Rintshire Local Voluntary Coun¢il (the 'charity'l for the year ended 31 March 2022 vthich comprise the statement of finantyal acb"vib"e5, the balance sheet. the stslemenl of cash Ilows and the notes to the financial slateffnts, includirg gnthCant accounb"NJ policies. The financial reporting framework that ha5 been applied in their preparabon is applicable law and Urlled Kingdom Accouth"ng Standards. including FRS 102 The Financial Reporting Standard applicable the UK and Republtic of Ireland United Kingdom Generally Accepted Accounmg pract). In our opinion, the fan¢1 ststements.. give a true and fair view of the state of the charrtable company's affairs as at 31 M¢h 2022 and of its incoming resources and applb"On of resources, for the year then ended., have be propety syepared in a¢¢ordance with United lQngdom Generalty A¢¢epted Accounting Prath'co; and have been prepaod in accordance the requirements oltr* Ccthpanie5 Act 2006. Basis for opinion We conducted our audrt in a¢¢ordan¢e tplith Intemètional Stsndards on Auditing (UK) (ISAS IUK)) and appli¢able law. Our responsibiliti'es under those standards are fvrther described in the Auditorfs reSpon&bilitS for the audil of the financial statements se¢b"on ol our reFQrt. are indepenilent of the ¢harty in accor(lance with the ethi¢al requirements that are relevant to our audrt of the financial statements in the UK, including the FRC'S Ethical Standard, and we have lulfilled our ¢)ther ethical responsibil"e$ in accordance ¥h these requirements. We bdieve that the audit evidence we have obtained is Suffi"ent ar appropriate io provide a basis for OUT opinion. Concluslons relating to goi ¢onc•rn In auditing the financial statements, have conduded that the trustees. use of the going ¢oncem basis of accounting in the preparatKJn of the financial $latements is appropriate. Based on the work we have performed, have not identified any material uncertainties relatin9 to events or ¢ondition$ that. indimdualty or cdlecb"vety. may c3$1 signFfi¢ant doubl on the charty's ability lo ¢ontinue a$ going concem for a period of at least monlhs from the fmancial slatements are authorised for issue. Our responsibilitses and the reS$1b11ItseS of the trustees wilh respect to going cOrM are 'described in the relevant sections of Ihis reporL othor Inforniation The other infom7ats.on compvises the inf0mtiOn induded in the annual report other than the financial statements and our audilorfs report thereon. The truslees are sponsible for the other information contained wlhin the annual report. Our opinion on the finawal ststements does not cover the other infomab.on and we do not express any form of assuran¢e ¢ortcfusion thereon. Our reswn5its.rrty is lo read the other infomialion and, in doing so, consider vthelher the other information is materially inconsistent wrth the finan¢ial $tatements or our knovAedge obtsined in the course of the audrt, or otherwise appears lo be materially misstated. If we ident such material inconsistencies or apparent material misstatements. we are require<l lo delemine vthethef thi5 give$ rise to a matenal misstatement in the financial statements themselves. If. based on the work we have performed. we condude that there t5 a matertal misststement of this other information. we are required to report that facL We have rthing to report in regard.
FLINTSHIRE LOCAL VOLUNTARY COUNCIL INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF FLINTSHIRE LOCAL VOLUNTARY COUNCIL Matter5 on which arn v•quired to r•port by •xc•ptioTh We have nothing to report in respect of Ihe following matters in relation to vthich the Charibe5 IAccounts and Reports) Regulations 2008 wuire us lo report lo you rf. in our opinion= the infom)ation given in the financial stateftnts is InnsIstenI in any material respect wth the twstees. report., or suificient accounting records have not been kept". or the fiarla1 stalements are not in agreement with the accounb'ng records.. ( WÈ have not received alj the information and eX[4anatAS ¥ require for our aud Responsibiliti•s of trustees As explained more fvlly in the ststemenl of tTU5tees' SpOnslrtses, the trustees, who are also the directOT5 of thè charity for the purpose of Company law. are responsible for the preparalion of Ihe finanaal statements and for being satisfied that they give a true and fair wew. arHJ for such internal control a5 the tru5tee$ determine is necessary lo enable the PparatiOn of financi slatemenls that are free from materia misstatemenl, vthether due lo fraud or error. In preparing the financial statements, the trustees a responsible for a55e5sing the charity's abilty to continue as a gng concem, disdosing, as applicable. matters related to gojng concem and using the going concem basis of Brxounbng unless Ihe trustees erther intertd to liquide the Charitable Mmpany or to cease operations. or have no realistic altematwe but to do so. Auditorfs r95ponslbllities for the audit of th? financial slatements We have teen appointed as auditor under section 144 of the Charrties Act 2011 and report in accordance with the Act and relevant fegulabons made or hawrvJ effect thereunder. objectives are to obtain reasonable assurance aboLrt Ter the finanaal StaterrntS as a %thole are free from material mi5stslemenl, vthether due to fraud or error, and to issue an audilorfs report that includes OUT opinion. Reasonable assurance is a high level of assuTan¢e but 1$ not a guarantee that an audit ¢ondu¢ted in accordance wrth ISAS {UKI 11 ay$ dèted a material misaleMent when rt exists. Misslements can arise from fraud or error and are considered material rf, indiw(Jualty or in the aggregate, tw could reasonably be expected to infiuen¢e the e¢onomi¢ deosions of users taken on Ihe basis of these finan¢ial slatemenls. A further description ol our responsibilities is available on the Financial Reporting Counul's *bsile at.. https.'Il w.fr¢.tsrg.uklauditorsresponsibilrties. This deSp.0n forns part of our auditorfs report.
FLINTSHIRE LOCAL VOLUNTARY COUNCIL INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF FLINTSHIRE LOCAL VOLUNTARY COUNCIL Exlenl lo thlch the audrt was considered capable of detectlng irreglItieS. including frnud Irregulanties, including fraud. are instances of non<ompliance wih la and regulations. We design procedures in line wth our respon5iblilie5. oullined above and on the Financial Reporting Council's website, to dete¢t material misslatements in respect of ie9Trtie$, ind"n9 fraxl. We obtain and upd our understanding of the entty. rfs actNities. its controt environment. and likely future developments. including in relation lo the legal and gUlatOry framerrk applicable and how Ihe entity is ¢omplyirwJ with that frame¥wrk. Based on this understanding, we identsfy and assess the risks of material misstolement of the financial stslemenls, whether due to fraud or error. design and perfomi audit procedure$ re$ponsNe to those risks. and obtain audit ewdence that is SLrfficient and appropriate lo provide a basis for our opinion. This includes consideration of the nsk of acts by the ertrty that re ntrary to applicab law and regylats'ons, including fraud. In response lo the risk of irregularilie$ nor0mP3nce wilh laws and regulations. including fraud, we designed procedures which included.. Enquiry of management and those charged With govemance around actual and potential 1it1galion and claims as well as a¢lual. suspe¢ted and alleged fraud.. Reviewing minutes of meetings of those charged vith govemance" Assessing the extent of ¢omplian¢e vAth the kws and regulations considered to have a direct material effect on the finanaal statements or the operatr.ons of the enbty through enquiry and inspection". Reviewing finanual slatement disdowre$ and testin9 to supporting documentation to as$es$ Compliance apicae laws and regulalions.. Performing audrt work over the risk of mana9emenl bias and override of ¢ontrol$, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of signffi¢anl transactions oulside th nom1 Course of bus# and reviewing a¢¢ounting e$timales for indicators of potential bias. 8ecause of the inhefent limitations of an audit. Ihere is a rk that will not detect al irre9ularkn"es. inclLJing those leading to a m*erial misstatement in the finanual Statements or rM)n<omplian¢e with regulatron. This risk increases the more that complrance a law or fe9ulation is rerTh)ved frC the events and transacbons refiected in the finan¢ial $tst¢ment$, a$ WÈ 11 be less Iikety lo becom• awar• of instancès of not compliance. The risk of not detecting a material misstatement resulh'ng from fraud is higher than for one resulb'ng from error, as fraud may invdve ¢dlusion. forgery. inlentionèl omiSsn5. misrepresentations. or the ovefride of intemal control. Use of our roport This report is made solety to the ¢harity'$ tru$tees. as a body, in accOr<lan part 4 of the Chartties (Accounts and Reports) Regulth"ons 21YJ8. Our audit V•t¥rk has been undertaken so that we rnh1 slaie to the charity's trustees those matters we are requiw lo stale lo them in an auditors. report and for no other puTpose. To Ihe fvllest extent perrThtted by law, we Ilo not accept or assume responsibility to anyone other than the charity and the charity's trusltres as a body. for our audrt bwrk. lor thi$ report or for the ownion5 we have forme(l. NyWJ- M•lani• Langton4lavi•s ACA FCCA {S•Thor Ststirtory Auditor) for and on behalf ofAz¢ts Audlt Seryices Chartered Ac¢ountants ststutory Auditor nford House 218rynford Street Holy11 Flintshire United Kingdom CH8 7RD 10-
FLINTSHIRE LOCAL VOLUNTARY COUNCIL INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF FLINTSHIRE LOCAL VOLUNTARY COUNCIL Azets Audit Services is eligible for appointsnent as audrtw of the tharity by Mrtue of its eligibility for appointment as auditor of a ¢ompany under ol section 1212 of the CoryaniesAct 2006.
FLINTSHIRE LOCAL VOLUNTARY COUNCIL STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022 Unrestri¢t•d Restri¢t•d fund5 2022 Total UnTesth"cted Restn"cted fvnds fvnds 2021 2021 Total 2022 2022 2021 Donations and grants Other trading aclivilies Investments Other in¢om• 913,278 913.278 3.732 78 12.219 687.027 687,027 1,873 571 44,588 3.732 78 1.873 571 12.219 44.588 Tolal In¢om• 3.810 925.497 929.307 731.615 734.059 Charitable acts'vities 1.550 748.807 750,357 893 635,328 636,221 Not incoming r•sourcgs for tran$fors 2.260 176.690 178,9SO 1.551 96,287 97,838 (knss transfers betsveen funds 5.663 {5.663} N•t income for the yearl N¢t m¢v•m•nt In funds 2.260 176.690 178.950 7.214 90.624 97.838 Fund balances al 1 April 2021 72.213 407.088 479.301 316.464 381.463 Fund balaTrc•s at 31 March 2022 74.473 SB3,778 658.251 72.213 407.088 479.301 The Statement of finanaal activibes indude5 all gains and losses re¢ognised in Ihe year. Al income and expenditure delive fr¢)m continuing activibes. The statement of financial aclivth.es also complies the Uirements for an irwme and expenditwe account under the Companies Act 2006. 12-
FLINTSHIRE LOCAL VOLUNTARY COUNCIL BALANCE SHEET AS AT31 MARCH 2022 2022 2021 Flxed ass¢ts Tgible assets 12 1.277 3.758 Current assets Debtors Cash at bank and in hand 13 112,326 621,479 55.382 66B.717 733.805 724.099 Credltors: amounts falling lthln one y1 14 (76.831) 1248.556 Net current assets 656,974 475,543 Totsl •s$ets less current liabilities 658.251 479,301 Income funds Restricted funds nr 15 583,778 407,086 Designated fijnds General uniestricted funds 16 70,000 4.473 70.000 2,213 74.473 72.213 658.251 479,301 The ¢ompany is enkntled lo the exempts.on from the audrt requirement contsined in se¢tion 477 of Ihe Companies Act 2006, f the year ended 31 March 2022. alihough an audit has been carried out Urer seth.on 144 of the Charities A¢1 2011. The directors acknedge their respon$ts"libe$ for conytying thith requirements of the Companies Act 2008 vAth respect to accounting records and the preparation of financial stateThnts. The members have not required the company to oblain an audit of its ffinanrjal statements under the requirements of the Companies Act 2006. forthe year in queslion in &cordan¢e vAlh section 476. These financial statements have been prePad li a¢¢ordan¢e 7Mth the prwsions appli¢aNe to companie$ suty'e¢t to the Small companies re9ime. The financial stalemerts were approved by the Tw5 16Ju 022 Mr J D Hatton Trusto9 Tru$t•e comnY Registration No. 03301204 13-
FLINTSHIRE LOCAL VOLUNTARY COUNCIL STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 IAARCH 2022 2022 2021 Cash flovJS from 0ratIng •cliviti•s Cash {absorbed byygeneraled from opeialions (47.316) 186,168 Inv•$ting ¥¢tivlll•$ purcha of tangible fixed assets Inv•5tment in¢tyrn re¢eived 13.834) 571 78 N•t generated fromllus•d Inl 5nvestlng activities 78 {3.2631 N•t cash used in financiw activities Net {d•cr•as•ifincr•as• in cash and ¢*sh equlvalents 147.2381 182,905 Cash and cash equivalents at beginning ol year 668.717 485,812 Cash •nd ¢a$h oquivahnts at end ofy•ar 621.479 668,717 14-
FLINTSHIRE LOCAL VOLUNTARY COUNCIL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accounting polici•s Charity Inforniallon FlinIshi Lo¢al Voluntary CoLfftuI is a wivate company limite(I by gu¥antee in¢orporaled in England and Wales. The registered office is CORL4N. Unit 3. Mold Business Park. Iltrexham Road, Mold. Flintshire, CH7 1XP, Unrted Kingdom. 1.1 Accounting conventi¢)n The financial statements have been prepared in accttdance 7Mth the Charity's Igoveming documenl). the Companies Act 2006 and "Accovnb'ng and Reporbng by Charities.. Statement of Recommended Practtce applicable lo Charities preparing their accounts in a¢¢ordan¢e the Financial RepoJts"ng Standard applicable in the UK and Republic of Ireknd (FRS 102) (effective 1 January 2019).. The charity is a Public Benefit Entrty as defined by FRS 102. The financial statements are prepared in sterling, vhi¢h 1$ the functional ¢unen¢y of the Charity. Monetary amoun15 in these financial stalemenls a rwrKled to the nearest £. The financial statements have been prepared under the historical cost convention. m)dffjed lo include the revaluation of freehold Pfoperties and to include investment properties and certain financial instruments at fair ¥ae. The wincipal aCcoun9 poIiL?es adopted are set OLrt Wow. 1.2 Going concern At the time of approving the financial statemerrts, the trustees have a reasonable expectatson that the Charity has adequate soUrceS lo ¢onlinue in operational existence for the foreseeable fvture. Thus the trustees continue lo adopt the going concem basis of accounling in preparing the financial statements. 1.3 Charitable funds Unre5tricled ndS are availaljle for use at the dtsuetion of the trustees in furlherance of their charitable 'e¢tives. Restricted funds are subj'ect to spwfi¢ conditi'ons by donors as to how they may be used. The purpose$ and uses of the restricted funds are sel out in the notes to the financial Slatements. Endowment funds ale subject to speufic conditsons by donors that the ¢apitsl must be maintained by the charity. 1.4 In¢om• In¢ome is recognised wthen the charrty is kg8Ny entslled to it after any performance conditions have been met. the amounts ¢an be meaSud reliabty, and it is probable that income V•ill be receive(l. Voluntary incM)e indudes donation$, actswty income and grants that provide core fidIng and a rtcognised where there is enlernent. certainty ol re¢eipt and the amount ¢an be measured wth sufficient reliabilty. This income is only defer rf the donor sperifies that the grant rr4Jsl only be used in a fvture accounttng period or the are ¢ondibons inwsed vknich rNst ne met before the Charity has un¢ondib"onal entstlement. 1.5 Expenditure Liabilrties are fecDgnised as expendilure as soon as there is a legal or constwthe obligation Committing the charity to that expenditure, it is probable that a transfer of ew*omic benefils ¥MII be required in settlement and the amounl of the obb"gab"on ¢an be measured reliably. Expenditure is accounted for on an accruals basis and has been da$gffied under headings that a9gregale all cost related lo the category. here costs cannot be directly attribLrted to p8rb"cular heading$ they have been alk)cated lo activities on a basis consistent wth the use of resources. 15-
FLINTSHIRE LOCAL VOLUNTARY COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 A¢¢ounting policles IC¢ntinu•dl Charitable a¢tFvities Charitable actwilies indude the experKlrture of grant disbursements and the running eosts of the charity. Grants payable are payrnenls lo third part$ in the furtherance of the charrtable obje¢bve$ of the charity. They are accounted fof when reupient has a reasonable expectation that tw will receive the gwant and the Iwstees have agreed lo pay the grant." ¢ondilions ill be appld to some payable lIe other grants payable witl be payable ithout condibons. Prowsion is made for any grant money pentlaWY repayable to the funding body as a T11 ol an underspend in the period of the granL 1.6 T•nglbl• fix•d assets Tangible fixed assets are initially measured at cost arml sthequenuy measured at cost or valuation. net of dtrpre¢iatis)n and any inyairnwnt losses. Depreciat is Ognised so as to 7wrrte off Ihe cost Or VaaDn of assets their residual values over their useful lives on the folltywmig bases.. Fixtures and fittings Office equipment 25% on cost 33% on cost The gain or loss arising on the di¥¢sal of an asset is delern)ined as the drfference beN¥een the sale pro¢ee¢ts and the Carrying value ofthe asseL and 1$ rewgnised rn ret [nne/{eXpendiIure) for the year. 1.7 knpaimi•nt of fix•d assets Al each reporting end date, the ¢hanty rewews the carryry amounts of rts tarwjible assets lo determine whether there is any indication that those assets have SLfflered an impaimienl Eoss. 11 any such indicatKn exists. the recoverable am045rt1 ol the a$5et Is e5ts"mated in order lo determine the extent of the impairmenl loss lif any). 1.8 C•$h and u$h equiv•lents Cash and ¢ash equivalents Midude ¢a$h in hand. deposits held at call ith banks. and olher short-temi liqu investrnents with original rnalurits of tlwee months or less. 1.9 Finanel•l instruments Th& ¢harity has elected to appty the provisions of Section 11 'Basrc Finanoal Instruments. and Sedion 12 'Othef Financial Instruments Issues, of FRS 102 to am of its finanual instfument5. Financial instruments are reeognised in the chanvs balance sheet vrtn the tharity becomes paty to the Contractual prowsions of the inslrumenl. Financi41 assets and liabilities are offset. vAth the net amounts presented in the financial stalemenls, when there is a legally enforceable right to set off the recognised amounts and there 15 an intention to settk on net basi$ or to realise the asset and setlle the liability simultaneousfy. Basic financialassets Basic ffinancial assets, wFw"th indude debtors and cash and bank balances, are initially measured at tran$adion price including transaction cosls and are Subsequendy ¢wried at amortised ¢ost using the effecb.ve inteTe5t method unltss the aThangement constitutes a financing Iransath"on, where the transacts'on is meas[Fd al the present value ol the future receipts dis¢ounled al a market rate of inteftst. Financial as5els classified as reCeiVae vthin year are not amortised. 16-
FLINTSHIRE LOCAL VOLUNTARY COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Accountlng polk• {Corrtlnued} Bask Iln•ncial Ilabllllles Basi¢ financial liabilities. including creditor5 and bank loans are inibalty recogni5ed at transaction Price unless the arrangement constrtules a ffinancing transaction. where the debt instrument is measured at the present value of the future payments discounted at a Maet fale of interest. Financial liabilitie5 das5rfied a5 payatle ¥thin one year are not art1ised. Debt instruments are subsewenuy carried at amortised cos( u5ry the effecbve interest rate method. Trade uedilors are obligation5 to pay for goods ty services that have been acquired in the ordinary course ol operations from sUpplTs. Amounts payable are dassffied as Current liabilities rf payment is due within one year or less. If not, they are presented as non-current liakn"lit"ie$. Trade ¢d[tOrS are ItgnIsed inth.ally at transaction price and subsequentty measwed at art1"$ed $1 using Ihe effectNe interest method. Financral liabilitiès are derecognised Tknn the charty's contrathal obligattons expire or are discharged or cancelled. 1.10 Empl10• b•n•fits The cost of any unused IldaY enthment ts re¢ognised in the penod in vknich the employee's services are re¢eived. Terminali¢)n benefts are recognised immediately as expense t•then the ¢harity is demMslrabty committed to terrnate the employment of an employee OT to provhde terminatson beneffts. 1.11 R•Orement benefits Payments to defined Mntribubon relirement benefft sdmes ¥e Charged as an expen$e as they fam due. Critical accounting estknates and judg•ments In the appli¢alion of the charity'$ a¢¢0untW polK$. the trustee$ are required lo make judgements. estimates and assumpts'ons aboul the carrying amount of assets and lialitIeS that are not readily apparent from other 1r¢e$. The estimates and associated a$$umplions are based on histori¢al experience and other factors that are considered lo be relevant. Aclual resulis may differ from these estimates. The estimates and undetying asswnpts'ons ¥e revie*d on an ongoing basis. Re¥i%ons lo accounting estrmates are recognised in the peric4J in whi¢h the e5ts.maie is wsed Nthere the revision affe¢t¥ only that period, or in the period of the revision and future periods wthere the rev7sion affects both current and futyre periods. Donations and grants Rèstricted Restricted fvnds fvnd$ 2022 2021 Grants reeeivable 913,278 687,027 17-
FLINTSHIRE LOCAL VOLUNTARY COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Donation$ and grants Icofttlnul Grants receiv•bl• for actfvitle$ Welsh Council for Voluntary Action Welsh Council for Voluntary Acbon- Covid Re5PO Flinlshire County CoLJrtcil Betsi Cadwaladr Universty Health Board Vvelsh GovernrrEnt- Famiks Fitst 8 Earty Years Charitable Bodies Grants received lor distribution 189.859 70.119 159,567 70.771 148,740 32.080 242,142 154,116 68,368 102.784 81,208 62.240 7,500 210.813 913,278 687,027 Grants received for distribution Te.. Communty Chest Mental Health & Leamir#J Disthlthes WF Youth Led Grants WCVA VSRF Covi&19 WCVA Winter Pressu9 Learning Disability Transformation (Earty Helpl Transfomiation {H¢Jhvay Projecti FCC Connect Communrties- Loneliness & Social Isolat FurKI £26,881 £100,000 £5.000 £21,048 £40.000 £1.000 £10.486 È15.000 £22.727 Oth•r tradiry •¢tlvltl•s Unr•stri¢tsd Unrestride(1 funds funds 2022 2021 Administration services and other re¢eW$ 3.732 1.873 Inv•¥tments Unr•strict•d Unrestn"¢ted funds fvnds 2022 2021 Inlefest receivable 78 571 18-
FLINTSHIRE LOCAL VOLUNTARY COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 hlARCH 2022 Other In¢om• Restrictsd Restricted funds fvnds 2022 2021 Grant administration. management fees and Olher recew Reimbursements from partner organisat$ 12.219 44,178 410 12.219 44,588 The grants disbursements refvnthd to FLVC are grants repaid to FLVC by third party organisations unable to compty with the condition$ of lunding. Any disl)ursements refunded will be made available lo other third paty or9anisations Ihat will be able to comply wth the condilK#)5 )fnth'ng. 19-
FLINTSHIRE LOCAL VOLUNTARY COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2022 Charitable actfviti•s Charitable Chafitab ExptrnditurèExndIluro 2022 2021 staff costs DeprerAation and impairment Telephone and office running ¢osts Rent and rates Light and heat Repair5 and maintenance Premises insurance AGM expenses Professional fees Publicty and websrte costs Insurance and indemn"e5 Bank charges Sundry expenses Volunteers and training Staff training and expenses Contractors consultts 403.577 2.481 22.499 34.913 2.322 3.122 1,182 1.790 9,454 10,162 2,287 44 2,312 3,119 7.840 1,200 321,588 3,221 14.756 33,677 2,619 1.378 1.638 1,041 6.026 2.047 1.139 10.685 3.351 17.925 508,304 421,091 Grant disbursements {see note 8) sha ol govemance costs (see rth 9) 237.652 4.401 210.813 4.317 750.357 636,221 Anatysis by fund Unrestricted fvnds Restricted lurHts 1.550 74B.807 893 835,328 750.357 636,221
FLINTSHIRE LOCAL VOLUNTARY COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Grant dlsbws•m•nts Charitable Charilable Expenditur• Expenditure 2022 2021 Grants to in$litulion$". Grant disbursements- Comnwnity Chest Grant disbursements- Youth Led Grants Grant disbursements- Friend in Need Befriending Grant Grant disbursemenls- Comi¢ Rdief Covi&19 Grant disbursements- WCVAVSRF Cowd-19 Grant disbursements- Transfom)ation Fund {Eaty Help} Grant disbursements- Learning Disats'lity Grant disbursements- Mentsl Heatth & Leaming Disabilrfies WPF Grant disbursemenls- WCVA Wnter Pressures Grant disbursemenl$- Transf0MtiOn Fund (Hokyay) Grant disbursements- Loneliness & &IalISc4atK1n FLd 27.759 5,000 15,116 5.000 12.500 26.591 25.000 122.806 4,000 21,048 10,482 1,000 96,038 41,172 14,983 20.170 237.652 210.813 Support costs Support Gov•mance Costs ¢osts 2022 Support Governance Costs ¢o$ts 2021 Audit and a¢countan¢y Trustees and expenses 4.200 201 4.200 201 4,200 117 4,200 4.401 4,401 4.317 4,317 Analysed betvRen Charitable ath"¥ib"es 4.401 4.401 4,317 4,317 Governance costs indudes payments to the auditors of £1.90012021- £1.9001 kn audit fees. 10 Tru5te•s None of the trustee$ lor any person$ ¢onne¢ted 1h them) Teceived any remunerdtion or benefits from the charity during the year. Expenses We paid to trustees in the ¢urrent yew and the year to reimburse the trustees for travel expenses and other incKlenLIl cost5 incurred in the performance of their duties a5 tru$tee$. During the year expense$ totLing £201 were paid to trustees {2021: £117 paid to one trustee). 21
FLINTSHIRE LOCAL VOLUNTARY COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AIARCM 2022 11 Employees The average monthty number of fvll lime equNalent employees during the yew th all eryjloyee time involved in providing 5UPPOrt lo the ¢hanty was" 2022 Number 2021 Numbèr 14 11 Employmgnt costs 2022 2021 Wages and salaries Pension cost 383.048 20,529 305,887 15,901 403,577 321,588 There *?re no unused holiday enb"tltrmenl for emoyeeS. seN¢es at 31 PA¥¢h 2022 There are no enyloyees in the ¢urRnl year vAth emoluments in excess of£60,000 per annum. Standard Lrfe conb'nues to provide a staff pension s¢heme 7Mth a 6% ¢ontsibubon from Hintshire Local Voluntary Coun¢il. 12 Tanglbl• fix•d ass•ts Flthms and Olli •qulwn•nt C05t Al 1 Apii'l 2021 27.849 41.157 69.oc At 31 March 2022 27,849 41.157 69,0 Depreciation and ImplimnI At 1 April 2021 Depre¢ialion ¢h¥ged in the year 27,849 37,399 2,481 65,248 2,481 At 31 March 2022 27.849 39,880 67,729 Carylng amount At 31 March 2022 1,277 1,277 At 31 March 2021 3.758 3.758
FLINTSHIRE LOCAL VOLUNTARY COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 13 O•btors 2022 2021 Amounts falling du• *qthin on• year: Tra¢Je deblofs Other debtors Prepayments and ac¢rued incoTh 39.269 56,949 16.108 50.490 2.142 2.750 112.326 55.382 14 Cr•dl¢oNS". amounts falllng %%ith•n on• year 2022 2021 Deferred inco Trade creditors Other creditors Accruals 54.572 225.081 878 144 22.453 22,259 76,831 248,556 Defeffed in¢ome coryrises grant Irome receNed vknich as a ¢onditiM of the donor relates lo a future accoLmting period. -23-
FLINTSHIRE LOCAL VOLUNTARY COUNCIL NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR ThE YEAR ENDED 31 IIARCH 2022 IS R•sth¢t•d lunds JI h?t2 Erwment Infiuen¢ FuJ andgo¥emanre luntEen Heatth and SOC 88.875 TO¥.160 147.048 175.719 210.813 (68.4) 52.011 193.0151 127,20¥ 1108.6251 11544711 1210.013) 13Q.4711 72.482 104.480 47.016 174.517 113.W3 (63.9UI 58.144 136.D94 51.755 30,471 7ts.514 204,537 185.631 261.93B 24Z,142 {183,7Z2) 1237.65ZI 4.49Q 316,464 731.615 1635.3281 15.6631 407.Q88 925,497 (74B.807) 583.778 -24-
FLINTSHIRE LOCAL VOLUNTARY COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUEO) FOR THE YEAR ENDED 31 MARCH 2022 16 D•SIgnat fvnds The income frjnds of the charty indude the fc41owing designated funds tiich have been set aside out of unrestricted funds ty the trustees for spe¢ifi¢ purp)ses". 8al•n¢e at Bakn¢• at TrnA8f•rs 1 2020 1 Aprfl X+21 8•l•nc• 31 March 2022 Oesignated reserve 70.000 70.000 70,000 70.000 70.000 70,000 17 Analysis of net assets tseen fund$ Unrestrict1 Restrl¢ted funds 2022 Tot1 Unrestri¢Aed Reslrthd fuNI$ lunds 2021 2021 Total 2022 2022 2021 Fund banCeS at 37 March 2022 are represented by.. Tangible asselg Current assetsl Iliabililiesl 1.277 1.277 3.758 3.758 73,196 583,778 656,974 68.455 407,088 475.543 74.473 583.778 658.251 72,213 407.088 479.301 18 Caimlal commttmoThts As at 31 March 2022 the chanty had no cawtal commibnents12021- none). 19 Legal stalus of the charity The chawity is a company limited by guarantee. The liablty of the members is therefore limr(ed. In accordance the Memorandum of Association every member of the ¢haiity undertakes lo ¢onlribute su¢h amount as may be required (not ex¢eeding £10) to the chanty's assets if rt should be VKJund up whilst they are a rnember or wthii one year after he or she ceases to be a member. Rolat•d party tr•ns•¢tl¢)ns -25-
FLINTSHIRE LOCAL VOLUNTARY COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 20 R•lated party transactlons Icontinugdl Related prty di$¢losurns Flintshire Local Voluntary Counal provides services and grant fvnding to other voluntary and communty groups and. in tum, receives funding and resour¢e5 from a number of extemal agencies. To minimise and manage any conflict of interest trustees are required lo sign a Dedaration of Interest fomi and, where appropriate. declare the particular interest vAthdraw from meetings or discussions pertaining to that issue. The related paty transa¢tK)ns for thg year ended 31 Mar¢h 2022 V•tre as follovts.. Ms JM Thom$on Ms JM Thomson Mr J Hutton Grant awarded toAge Connects North East Ktsles Grant awarded to Homethstart Flintshire (>ant awrarded toAura Leisure and Librars The lated party transa¢tion$ for the year ended 31 Mawrh 2021 V•*re as follov6.' Ms B Roberts ant awarded to CRUSE Bereavemenl ca North Wales Ms JM Thomson Grants awarded to Age Connects North East Waks Ms ME Holland & M$ JM Thomson Granls awarde¢J to Home-stsrt Nintshire 21 Golng ¢on¢em The chanlable company has infomied management and they are constsntty ewing the guidelines given by the UK Govemmenl and adapting their business accordingly so as to best SerVe their clients whilst keèping their staff safe. Regular board meetings ensure communi¢ab"on l>etsbeen infomed management and allow for changes to be implemented in a controlled and structured manner. There is no eviden¢e of a Teduclion to fvndiny in the next 12 monlhs. suppted by the bLKlget5 prepared by management so it is felt that the gOg concem a&wmpb"on remains appropriate. Please see the Report of Trustees for furfher detail$. 22 Cash yn•rated from op•rntlons 2022 2021 sUrus for the year 178.9SO 97,838- Adjustmenls for.. Investment in¢ome recognised in Ststement of financial activibes DepTe¢iation an(J impaim)ent of tangit4e ffixed asgets (781 2.481 {571) 3.221 Movements in workin9 Caprtal.. Iln¢rea$elldecrease in debtors (Decrease) in creditors (Decreaseifincrease in deferred incow 156.9441 11.2161 1170.5091 30.281 18,311} 63.710 Cash labsorf)ed byyyn•rat•d from op•rntions 147,3161 186.168