OpenCharities

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

2022-03-31-accounts

Company Number: 03346236 Charity Number: 1063242

SWANSEA COUNCIL FOR VOLUNTARY SERVICE

REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

SWANSEA COUNCIL FOR VOLUNTARY SERVICE

CONTENTS

Page
Company Information 1
Annual Report of the Trustees (Director's Report) 2 - 9
Auditors Report 10 - 14
Statement of Financial Activities 15
Balance Sheet 16
Statement of Cash Flows 17
Notes to the Accounts 18 - 37

SWANSEA COUNCIL FOR VOLUNTARY SERVICE

LEGAL AND ADMINISTRATIVE DETAILS

Name:

Swansea Council for Voluntary Service

Status:

Charity established as a company limited by guarantee (Number 03346236) on 7th April 1997, registered with the Charities Commission (Number 1063242).

Principal Address: SCVS Voluntary Action Centre, 7 Walter Road, Swansea, SA1 5NF

Charity Objects:

The charity is established to support other voluntary organisations and encourage good practice and effective liaison and partnership with statutory and private sectors.

Chairperson

Members of the board

Alun Evans

Company Secretary

Cherrie Bija

Chief Executive

Amanda Carr

Yolanda Barnes Cherrie Bija Dr Caroline Hagerman Saskia Hamer Jane Harris Thanuja Hettiarachchi Saba Humayun Lloyd Jones Chris Mann Lloyd Williams (Resigned 02/08/21)

Local Authority Representatives (non voting)

Councillor Ceri Evans Councillor Jan Curtice Councillor Alison Pugh

Auditors

Bevan Buckland LLP Senior Statutory Auditor Cardigan House Castle Court Swansea Enterprise Park, SA7 9LA

Bankers

Unity Trust Bank plc Nine Brindleyplace Birmingham B1 2HB

1

SWANSEA COUNCIL FOR VOLUNTARY SERVICE

TRUSTEES' REPORT

Trustees’ report for the year ended 31 March 2022

The Trustees have pleasure in presenting their annual report together with the audited financial statements of the company for the year ended 31 March 2022.

The financial statements comply with the Companies Act 2006, the Charities Act 2011, and the Statement of Recommended Practice - 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).

Statement of Trustees responsibilities

The trustees (who are also the directors of Swansea Council for Voluntary Service for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities In so far as the trustees are aware:

The Trustees have given careful consideration to the Charity Commission's general guidance on public benefit and believe Swansea Council For Voluntary Service's (SCVS) achievements for the year against its aims and objectives support this.

Our Mission Statement

Swansea Council for Voluntary Service exists to promote, support and develop the Third Sector to maximise its potential for:

2

SWANSEA COUNCIL FOR VOLUNTARY SERVICE

TRUSTEES' REPORT

Our Strategic aims:

Maintain and build presence as the trusted umbrella body for the local third sector –improving our profile, increasing membership, representing and enabling representation within partnerships, continuously responding to demands from legislation, members and the wider local and regional sector. Use our resources in a sustainable way according to our values, deliver services where it is in the best interests of the sector and we are well placed to do so, lead on regional collaboration; Improve the sector’s position - building trust and confidence, promoting good practice, policy and quality standards, championing excellence within the sector, supporting and encouraging development, actively attracting investment into the sector, offer excellent sector specific training and development support, communicating relevant information, encouraging opportunities to shape and develop policy and practical advice on how to implement it;

– Ensure that Volunteering is valued locally and continues to play an active part in the life of our communities

communicating the wide range of volunteering benefits at all levels, promoting and celebrating volunteering, increasing our access points to information on volunteering, strengthening the opportunities for volunteers and managers to continuously improve their practice, continuing to support both organisations and individuals, providing intelligence on the changing nature of volunteering and the needs of volunteers, enabling organisations to meet minimum standards in volunteering;

Embed ‘people’ involvement in the shaping and development of policy and process – creating and supporting opportunities which are involving and empowering, embedding the involvement of people in the shaping and development of policy and process – internally and externally, working with stakeholders to ensure meaningful engagement is aimed for as standard, promoting the importance of social inclusion and everyone having a voice.

The values which guide the way we work are to be:

Honest, Open and Fair

We are…

Professional and responsible, offering objective input to all of our stakeholders.

Transparent and accountable in all our processes.

We champion equality and diversity and are committed to social justice.

Independent and democratically governed.

People focused and engage others in decision making processes.

Collaborative, Supportive and Encouraging

We...

Support the sector to develop its potential and demonstrate its impact.

Believe in developing strong partnerships across all sectors, promoting and supporting effective relationships.

Support the sharing of knowledge, skills and resources.

Encourage diversity and innovation in thinking.

3

SWANSEA COUNCIL FOR VOLUNTARY SERVICE

TRUSTEES' REPORT

Leading, Challenging and Responsive

We...

Encourage continuous learning and development.

Are open and receptive to change and actively seek new ways of working.

Model excellence.

Are environmentally, economically and socially sustainable, using our resources in the best way possible.

SCVS Organisational Structure and Governance arrangements

The company is limited by guarantee and does not have a share capital. The Governing documents are the company’s Articles of Association.

The Charity is run by the Board of Trustees who meet formally a minimum of six times a year.

The legal and administrative details of the charitable company and details of the trustees currently holding office, registered office, auditors and principal bankers are shown on page 1. The principal objective of the charity is also shown on page 1.

The organisation is led by its chief officer Amanda Carr.

Trustees of the organisation are elected by our membership with nominations received from member organisations. Trustees may also be co opted as outlines in our Articles of Association which also provides the framework for the period of office for Trustees.

New Trustees are provided with a full induction which covers an introduction to the organisation as well as the role and responsibilities of Trustees. In addition to induction training, Trustees have access to ongoing learning and development opportunities with needs identified via a skills audit and via the Trustee appraisal process. During the period Trustees also attended a range of governance training and events.

SCVS Activities

Our services fall into two main categories-

  1. Our ‘core’ services supporting the voluntary sector

  2. Our volunteer involving projects

1. Core services provided by SCVS

SCVS provides a range of community development and business support services to groups operating within the county, these core services include;

4

SWANSEA COUNCIL FOR VOLUNTARY SERVICE

TRUSTEES' REPORT

1. Core services provided by SCVS (cont.)

2. Volunteer involving projects

SCVS runs a number of volunteering projects, during the financial year all of these were repurposed to support people in relation to the Covid19 pandemic, with staff and volunteers responding to the needs of community members through the different waves of the virus and the associated lock downs whilst continuing to provide support to project participants who were already receiving support prior to the pandemic.

Asset Based Community Development and Social Prescribing

During the year SCVS also saw expansion of its work in relation to asset based community development and Social Prescribing, with new funding being received to develop the approaches previously piloted and roll out across all GP Cluster areas.

5

SWANSEA COUNCIL FOR VOLUNTARY SERVICE

TRUSTEES' REPORT

2. Volunteer involving projects (cont.)

SCVS response to the Covid19 pandemic overview

In early March 2020 as concern about the growing risks of Covid19 developed, SCVS started to take action to both keep our staff and volunteers as safe as possible and to ensure continuity of and development of new services to meet emerging needs.

The following gives an overview of our actions and involvement in resilience planning and support.

3. Achievements and Performance (Covid related adapted services)

An independent evaluation of the SCVS Covid19 response between March and July 2020 is available at: scvs.org.uk/News/scvscovidresponse-ufeval-sept20

Our core services are funded via grants from Welsh Government as part of TSSW (Third Sector Support Wales) and from the City and County of Swansea, during the period we received additional funding to undertake work related to the community and sector support needs related to the pandemic. Our development officers supported groups with business continuity planning and our information service provided Covid19 updates including around legislation and best practice as well as information guides in relation to volunteering safely.

6

SWANSEA COUNCIL FOR VOLUNTARY SERVICE

TRUSTEES' REPORT

3. Achievements and Performance (Covid related adapted services) (cont.)

Our volunteer centre staff saw an unprecedented demand on our service, with many people coming forward to volunteer to support people during the pandemic.

We moved our training programme online and added a range of signposting and wellbeing guides to our website from where they could be downloaded by individuals or groups and organisations.

SCVS supported groups with Covid19 related funding applications and continued distribution of our own grant funds- this included some new Covid19 specific grant funds to the sector.

Headline statistics

Our volunteer projects developed new roles that could be undertaken digitally as well as recruiting volunteers to offer practical support to people who were ‘shielding’ or self-isolating. New volunteers recruited during the reporting period completed induction and safeguarding training prior to commencing their role.

Headline statistics in relation to Covid19 specific volunteer led community support

4. Future Plans

Our involvement in supporting communities over the unprecedently last year along with our ability to quickly react and respond to changing and evolving situations has proved a strength within the organisation, one on which we need to build in the future.

Our own response has been praised by partner organisations and we seek to build on these positive working relationships, seeking opportunities to further develop partnership arrangements across sectors for the benefit of our communities.

7

SWANSEA COUNCIL FOR VOLUNTARY SERVICE

TRUSTEES' REPORT

4. Future Plans (cont.)

The pandemic has shown us the strength of ‘hyper local’ solutions to common problems, towards the end of the financial year we received confirmation of funding to further embed asset based work across GP Clusters in Swansea, meaning that we have officers working on a local ‘patch’ basis. We will continue to develop and strengthen our local services over the coming years.

Aligned with this approach and following a short term pilot, we will continue work to progress the development of ‘micro enterprise’ solutions to low level care and support needs within our communities.

The coming years will be a time to rebuild our communities and we will be working to look at what the pandemic experience means in terms of community resilience, community wellbeing and how we can embed the upswell of interest in volunteering that the pandemic demonstrated into all aspects of our work.

Along with all other organisations we will need to focus on providing Covid safe services and working conditions for some time to come. This will involve also looking at our premises requirements and our Board will be exploring these issues over the coming months.

We will continue to have a focus on Equality, Diversity and Inclusion- within our organisation and across our services and learning from the inequalities that the pandemic has highlighted across our communities.

Finally, our organisation will need a strong focus on securing our financial future, seeking new sources of funding and maximising the benefits arising from our current assets.

5. Financial Review

The total income of £2,485,896 (2021: £2,608,839) was spent on charitable activity expenditure totalling £2,419,776 (2021: £2,328,088) and other costs of £0 (2021: £0).

The Statement of Financial Activities reflects the income and expenditure incurred by Swansea Council for Voluntary Service in carrying out its role in respect of its objectives. The restricted funds at 31 March 2021 were £759,636 (2021: £874,440), designated funds were £274,517 (2021: £253,797), and unrestricted funds were £913,250 (2021: £753,046).

The trustees are pleased with the performance and progress made during the financial period, and consider the state of the charitable company’s affairs to be satisfactory.

Principal funding sources

The principal funding sources are by way of grant income from City and County of Swansea, Welsh Government, WCVA, SBUHB, the West Glamorgan RPB and Big Lottery Fund.

Investment policy

When available, surplus cash is invested in short-term interest bearing accounts when available in order to maximise income but retain accessibility.

8

SWANSEA COUNCIL FOR VOLUNTARY SERVICE

TRUSTEES' REPORT

5. Financial Review (cont.)

Reserves policy

The charity’s reserve policy is set out in Note 1k. During the year the trustees have reviewed the unrestricted reserves held, and the adequacy of those reserves. At the year end the trustees calculated provisions of £1,676,247 (2021: £1,655,811) which included provisions for building maintenance, capital equipment, staff redundancy pay, unfunded future staff costs and at risk work, litigation risk, disaster recovery and business continuity. The trustees work towards unrestricted reserves to meet these provisions. Although there is a shortfall of £488,480 (2021: £648,969) the trustees consider there to be adequate unrestricted reserves held by the charity.

Financial Statements

The company is a registered charity and so achievements cannot be measured by normal commercial criteria. Accordingly, the trustees consider that it would be inappropriate to present a Profit and Loss Account in one of the formats set out in the Companies Act 2006. Therefore, as permitted by the Companies Act, in order to reflect the special nature of the company’s activities, a Statement of Financial Activities has been presented.

Charitable status

The company is a registered charity (number 1063242) and as such is not subject to United Kingdom taxation.

Risk management in the company

A key element in the care and diligence expected of the charitable company and therefore one of the main responsibilities of the trustees is to assess the risks affecting the company as carefully and comprehensively as possible. This obligation includes careful consideration and assessment of risks affecting the company’s assets and its financial position.

The director has in place a risk management system to permanently cover significant risks (ensuring suitable assessment of the risks), providing reports to the trustees as appropriate, in order to ensure that risks are taken into account in the context of all relevant decisions. Factors carefully examined and assessed include for example the impact of the timing of grants which are expected to be provided to the company in future periods and the effect this is likely to have on the company’s budgets and cash flow forecasts.

ON BEHALF OF THE BOARD :

............................................................................... Chairperson - Alun Evans

............. 30 August 2022 ........................ ..............

Date

9

SWANSEA COUNCIL FOR VOLUNTARY SERVICE

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS AND TRUSTEES OF SWANSEA COUNCIL FOR VOLUNTARY SERVICE

OPINION

We have audited the financial statements of Swansea Council For Voluntary Service (the 'charity') for the year ended 31 March 2022 which comprise a Statement of Financial Activities, Statement of Financial Position, Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In our opinion the financial statements:

BASIS OF OPINION

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the Association in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

CONCLUSIONS RELATING TO GOING CONCERN

We have nothing to report in respect of the following matters in relation to which ISAs (UK) require us to report to you where:

10

SWANSEA COUNCIL FOR VOLUNTARY SERVICE

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS TRUSTEES OF SWANSEA COUNCIL FOR VOLUNTARY SERVICE

OTHER INFORMATION

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

OPINION ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006

In our opinion, based on the work undertaken during the course of the audit:

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION

In the light and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

11

SWANSEA COUNCIL FOR VOLUNTARY SERVICE

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS TRUSTEES OF SWANSEA COUNCIL FOR VOLUNTARY SERVICE

RESPECTIVE RESPONSIBILITIES OF TRUSTEES

As explained more fully in the Statement of Trustee's Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of the financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters relating to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

AUDITOR'S RESPONSIBITLIES FOR THE AUDIT OF FINANCIAL STATEMENTS

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

EXTENT TO WHICH THE AUDIT WAS CONSIDERED CAPABLE OF DETECTING IRREGULARITIES, INCLUDING FRAUD

We identify and assess the risks of material misstatement of the Financial Statements, whether due to fraud or error, and then, design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion

We discussed our audit independence complying with the Revised Ethical Standard 2019 with the engagement team members whilst planning the audit and continually monitored our independence throughout the process.

12

SWANSEA COUNCIL FOR VOLUNTARY SERVICE

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS TRUSTEES OF SWANSEA COUNCIL FOR VOLUNTARY SERVICE

Identifying and assessing potential risks related to irregularities.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following: -enquiring of management, including obtaining and reviewing supporting documentation, concerning the charities' policies and procedures relating to:

-identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;

-detecting and responding to the risks of fraud and whether they have knowledge of any actual. suspected or alleged fraud;

-the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations;

-discussing among the engagement team how and where fraud might occur in the Financial Statements and any potential indicators of fraud. As part of this discussion, we identified potential for fraud in the following areas;

-Management override of controls

-obtaining an understanding of the legal and regulatory frameworks that the charityy operates in, focusing on those laws and regulations that had a direct effect on the Financial Statements. The key laws and regulations we considered in this context included the UK Companies Act and relevant tax legislation.

Audit response to risk identified

In addition to the above, our procedures to respond to risks identified included the following: -reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with relevant laws and regulations;

-enquiring of management concerning actual and potential litigation and claims; performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

-reading minutes of meetings of those charged with governance and reviewing correspondence with HMRC; and

-in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments;

-assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors

13

SWANSEA COUNCIL FOR VOLUNTARY SERVICE

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS TRUSTEES OF SWANSEA COUNCIL FOR VOLUNTARY SERVICE

USE OF OUR REPORT

This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed.

HENRY LLOYD DAVIES (SENIOR STATUTORY AUDITOR) FOR AND ON BEHALF OF BEVAN BUCKLAND LLP CHARTERED ACCOUNTANTS AND STATUTORY AUDITORS CARDIGAN HOUSE CASTLE COURT SWANSEA ENTERPRISE PARK SWANSEA SA7 9LA

DATE … 30 August 2022 ……..

14

SWANSEA COUNCIL FOR VOLUNTARY SERVICE

STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022

Notes
Income and endowments from:
Donations and legacies
Charitable activities
2
Other trading activities
3
Investments
4
Total
Expenditure on:
Charitable activities
5-6
Other
3
Total
Net Income/(Expenditure) for the
year
Transfers between funds
Net movement in funds
Reconciliation of funds:
Total funds brought forward
at 1 April 2021
Total funds carried forward
at 31 March 2022
15		 2022
Restricted
£
-
2,055,799
-
-
2,055,799
2,098,502
-
2,098,502
(42,703)
(72,101)
(114,804)
874,440
759,636		 2022
Unrestricted
£
120
429,977
-
-
430,097
321,274
-
321,274
108,823
72,101
180,924
1,006,843
1,187,767		 2022
Total
£
120
2,485,776
-
-
2,485,896
2,419,776
-
2,419,776
66,120
-
66,120
1,881,283
1,947,403		 2021
Total
£
5,950
2,602,889
-
-
2,608,839
2,328,088
-
2,328,088
280,751
-
280,751
1,600,532
1,881,283

All activities are continuing operations. There are no other gains or losses for the financial year.

15

SWANSEA COUNCIL FOR VOLUNTARY SERVICE

STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2022

Notes
Fixed Assets
Intangible Assets
10
Tangible Assets
11
Total Fixed Assets
Current Assets
Debtors
12
Cash at Bank and in Hand
Total Current Assets
Liabilities
Creditors: amounts falling due within one year
13
Net Current Assets
Total Net Assets
The funds of the charity
14-18
Restricted Funds
Unrestricted Funds
TOTAL FUNDS		 2022
£
19,890
319,130
339,020
290,631
1,389,261
1,679,892
(71,509)
1,608,383
1,947,403
759,636
1,187,767
1,947,403		 2021
£
4,796
341,492
346,288
654,822
1,029,559
1,684,381
(149,386)
1,534,995
1,881,283
874,440
1,006,843
1,881,283

These accounts are prepared in accordance with the special provisions of Part 15 of the Companies Act relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company.

The financial statements on pages 15 to 37 were approved by the board of trustees on:

25th July 2022

………………………………………… Chairperson - Alun Evans

…………………………………….......

Trustee - Cherrie Bija

16

SWANSEA COUNCIL FOR VOLUNTARY SERVICE

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31ST MARCH 2022

Notes
Cash flows from operating activities:
Net cash provided by operating activities
19
Cash flows from investing activities:
Purchase of property, plant & equipment
Net cash provided by / (used in) investing activities
Cash flows from financing activities:
Net cash provided by / (used in) financing activities
Change in cash and cash equivalents in the reporting
period
Cash and cash equivalents at 01/04/2021
Cash and cash equivalents at 31/03/2022
20		 Total funds
2022
£
389,067
(29,365)
(29,365)
-
359,702
1,029,560
1,389,262		 Total funds
2021
£
76,948
(49,917)
(49,917)
-
27,031
1,002,529
1,029,560

17

SWANSEA COUNCIL FOR VOLUNTARY SERVICE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

1 ACCOUNTING POLICIES

a) Basis of Preparation of Financial Statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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)', and the Companies Act 2006. The financial statements have been prepared under the historic cost convention.

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

b) Income

All incoming resources are included on the Statement of Financial Activities (SOFA) when SCVS is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Income from room hire is recognised when the hire takes place. Income from office space rental is recognised in the period to which it relates. Rent is charged In accordance with the terms of the rental agreement.

Donations and similar incoming resources represent monies received from charitable donations and gifts. These are recognised in the SOFA upon receipt.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably. Grants received for a specific purpose are treated as restricted funds.

c) Interest Receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by SCVS. This is normally upon notification of the interest paid or payable by the bank.

d) Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing SCVS to that expenditure, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to that category.

All costs allocated between expenditure categories are on a basis designed to reflect their resource usage. For some costs this means direct allocation to activities, other costs are apportioned, e.g. by staff time spent on the activity, or another equitable usage measure. Charitable expenditure comprises those costs incurred in the delivery of SCVS' activities. This includes costs directly attributable and indirect support costs. Governance costs include those associated with meeting constitutional and statutory requirements of SCVS.

SCVS initially identifies the costs of its support functions. Support functions include back office services such as finance, personnel, payroll and governance which support SCVS' activities.

18

SWANSEA COUNCIL FOR VOLUNTARY SERVICE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

1 ACCOUNTING POLICIES (CONT'D)

e) Taxation

SCVS is exempt from corporation tax on its charitable activities.

f) Fixed assets

Items of equipment & computer software costing over £1,000 are capitalised to the balance sheet as fixed assets. These are then depreciated in accordance with the rates set out below. All assets are included at cost less depreciation and impairment.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Buildings - 2% on cost Equipment - No depreciation in year of purchase then 33.3% on cost Computer Software - No depreciation in year of purchase then 33.3% on cost

The charity performs impairment testing where there are any indicators of impairment. Impairment is calculated as the difference between the carrying value and the recoverable value of the asset. If incurred, impairment is recognised immediately in the income statement.

g) Debtors

Debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any discount due.

h) Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a maturity of three months or less.

0 Investments

Investment policy - when available, surplus cash is invested on a short-term notice deposit account, in order to maximise income but retain accessibility.

j) Creditors and provisions

Creditors and provisions are recognised where SCVS has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any discounts due.

k) Reserves

SCVS' Board of Trustees have approved a formal Reserves Policy which states:

SCVS' reserves appear on its balance sheet and show how all of SCVS’ assets (and liabilities) have been funded. These reserves are made up of:

19

SWANSEA COUNCIL FOR VOLUNTARY SERVICE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

1 ACCOUNTING POLICIES (CONT'D)

k) Reserves (cont.)

Unrestricted Reserves are required to bridge SCVS’ cash flow fluctuations and any funding shortfalls. In arriving at the level of unrestricted reserves required, the Board of Trustees will:

The levels of unrestricted reserves are reported within the management accounts to each quarterly meeting of the Board of Trustees. This is reviewed against the provision requirements above as part of the risk register review. This policy is reviewed annually.

l) Pension Scheme

The company contributes to a defined contribution automatic enrolment workplace pension scheme. Contributions payable to the pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

m) Trustees Expenses

n) Grants Paid

The company administers a number of different grant funds on behalf of funding bodies. These are all managed in accordance with the funders' conditions, and are awarded by funding panels.

o) Going Concern

The Trustees consider that there is no material uncertainty about SCVS' ability to continue as a going concern.

p) Legal status of the charity

SCVS is a charity and a company limited by guarantee. In the event of SCVS being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

20

SWANSEA COUNCIL FOR VOLUNTARY SERVICE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

1 ACCOUNTING POLICIES (CONT'D)

q) Significant management judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. The estimates and associated assumptions are based on historical experience and various other factors that are believed to be reasonable under the circumstances, the results of which form the basis of making the judgments about carrying values of assets and liabilities that are not readily apparent from other sources. Actual results in the future may differ from these estimates.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised and in any future periods affected.

Estimation Uncertainty

The charity makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.

Bad and Doubtful Debts

Provision is made against grant income and other income to the extent that they are consider by management not to be recoverable at their full value. The level of provision is based on historical experience and future expectations.

21

SWANSEA COUNCIL FOR VOLUNTARY SERVICE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

2
Analysis of Income from charitable activities
Grant Income
Wales Council for Voluntary Action (WCVA)
Core
GwirVol & Youth Grants
Voluntary Services Covid Emergency Fund
Welsh Government [WG]
Core
Better Welcome Wellbeing support
Change 4 Better Grant Fund
Foundational Economy project
ICF Capital Grants
Our Neighbourhood Transformation Fund
Penderri Young People's Wellbeing
Social Enterprise Support
Social Value Forum
Swansea North Active People project (SNAPP)
Swansea City of Sanctuary Welcome
TSSW Lightening the Load Grant
TSSW Winter Pressure Fund
Volunteer Recovery Fund
Western Bay Partnership Co-Production
City and County of Swansea
Core
Co-Production Development
CRF Pathways to Work Fund
CRF Sustainable Transport Fund
GwirVol / Youth Grants
Involve
Loneliness and Isolation Fund
Looked after Children
Parent Carer Forum
Poverty Truth Commission
Voluntary Services Covid Emergency Fund
WG Social Care Recovery Micro Enterprise Fund
Workways +
Swansea Bay University Local Health Board
Core
Change 4 Better Grant Fund
Complex Needs Worker
Cwmtawe, Llwchwr & Penderi Cluster grants
Cwmtawe Dementia Carer
Health & Social Care (Building Strong Bridges)
Mental Health Development
Mental Health and Wellbeing
Penderri Young People's Wellbeing
Poverty Truth Commission
Social Prescribing
Support for People with Disabilities
Swansea City of Sanctuary Welcome
Transcend 2 project
Gower College Swansea
Training
Innogy Renewables
Mynydd y Gwair Community Fund
Big Lottery Fund
BME Skills project
BCT Clase 4 All Fund
Swansea City of Sanctuary Welcome
TSS Link-Up project
Other Grants
Age Cymru Friends in Need
Homeshare Grant
Parent Carer Forum
Poverty Truth Commission
Voluntary Services Covid Emergency Fund
Total
Other Charitable Income
Training course fees
Other
Total
Total Charitable Income		 2022
2022
2022
2022
2021
Restricted
Designated
Unrestricted
Total
Total
£
£
£
£
£
-
-
192,086
192,086
174,200
21,938
21,938
20,540
2,826
2,826
247,717
35,500
35,500
-
13,476
13,476
-
-
-
5,000
-
-
42,118
-
-
202,736
342,044
342,044
96,466
-
-
33,630
54,000
54,000
54,000
27,228
27,228
27,228
-
-
75,195
34,469
34,469
16,887
1,250
1,250
-
55,000
55,000
-
-
-
72,738
14,673
14,673
19,564
-
118,981
118,981
105,000
35,000
35,000
35,000
3,371
3,371
-
14,754
14,754
-
12,000
12,000
25,087
47,100
47,100
47,100
22,727
22,727
-
27,600
27,600
27,600
71,300
71,300
76,300
40,000
40,000
40,000
-
5,000
28,000
28,000
-
28,034
28,034
26,122
63,321
63,321
13,069
63,547
63,547
302,546
36,554
36,554
-
314,551
314,551
170,290
35,043
35,043
35,043
34,737
34,737
34,737
37,516
37,516
37,516
39,104
39,104
39,104
26,250
26,250
-
-
-
7,600
100,000
100,000
47,266
30,335
30,335
30,335
36,170
36,170
6,512
45,000
45,000
45,000
24,283
24,283
6,000
240,000
240,000
240,000
-
-
17,219
29,623
29,623
-
-
-
11,562
-
-
53,016
-
12,597
10,000
10,000
-
-
3,880
-
4,000
-
3,750
1,998,253
-
411,138
2,409,391
2,596,270
-
-
4,310
4,310
4,064
57,546
-
14,529
72,075
2,555
57,546
-
18,839
76,385
6,619
2,055,799
-
429,977
2,485,776
2,602,889

3 Income from other trading activities Income earned and expenditure from other activities relates to rent for surplus office space of £0 [2021 £0].

4 Income from investments Income earned from investments was interest on deposit accounts of £0 [2021 £0].

22

SWANSEA COUNCIL FOR VOLUNTARY SERVICE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

5 Analysis of expenditure on charitable activities

Activity (Project)
A01
Core
C05
BAME Outreach Secondment
B84
BCT Clase for All Fund
C06
Better Welcome Wellbeing support
B74
BME Skills
B58
Change 4 Better Grant
B38
Community Accounting
C07
Complex Needs Worker
A49
Co-Production Development
B95
Covid-19 Grants
C12
CRF Pathways to Work
C13
CRF Sustainable Transport
B82
Cwmtawe Dementia Carer
B68
Cwmtawe, Llwchwr & Penderi Cluster
B98
Foundational Economy
C02
Friends in Need
B19
Gwirvol Youth Development
A83
Health & Social Care (BSB)
B96
Health & Wellbeing Abertawe
C15
Homeshare Grant
B99
ICF Covid Capital Grants
A04
Involve Core
C11
Loneliness and Isolation Fund
A10
Looked after Children (Wassup)
A31
Mental Health and Wellbeing
A05
Mental Health Forum
A15
Mental Health Info & Research
A61
Mr X
B53
Mynydd y Gwair Community Fund
B86
Our Neighbourhood Transformation Fund
B83
Parent Carer Forum
B85
Penderri Young People's Wellbeing
C08
Penderri Young People's Wellbeing 2
B94
Poverty Truth Commission
B97
SCVS Covid-19 safeguarding
B64
Social Enterprise Support
B73
Social Prescribing
C01
Social Prescribing Cluster
B88
Social Value Forum
B31
SSWB 16-30
B79
Swansea City of Sanctuary Welcome
B93
Swansea North Active People project (SNAPP)
A34
Training
B56
Transcend 2 project
B72
TSS Link-Up project
C10
TSSW Lightening the Load Grant
C09
TSSW Winter Pressures Fund
C03
Volunteering Recovery Fund
B80
W/Bay Partnership Co-Production
C14
WG Social Care Recovery Micro Enterprise Fund
C04
Winter Pressures Fund
B66
Workways +
B30
Youth Services Grant		 Project staffing
costs
Project
Activity
costs
Grant
funding
costs
Premises
Costs
Support
costs
2022
Total
£
£
£
£
£
£
291,270
82,464
-
5,659
(10,229)
369,164
31,334
2,242
-
1,276
1,373
36,225
-
14
31,420
-
-
31,434
9,853
178
-
762
833
11,626
-
-
-
-
-
-
-
-
62,404
-
-
62,404
-
-
-
-
96
96
20,112
24
-
284
1,320
21,740
24,933
44
-
1,562
1,417
27,956
-
71
19,377
-
2,755
22,203
3,358
13
-
-
-
3,371
4,254
9,000
1,500
-
-
14,754
26,301
1,566
-
1,524
1,417
30,808
-
-
382,372
-
-
382,372
-
-
6,527
-
-
6,527
-
-
-
-
-
-
20,363
142
-
1,086
1,067
22,658
34,169
170
-
1,810
1,589
37,738
-
-
-
-
-
-
-
24
-
-
169
193
-
-
-
-
-
-
44,342
211
-
2,762
2,742
50,057
-
-
17,045
-
-
17,045
20,654
131
-
1,048
968
22,801
50,266
130
9
3,867
4,091
58,363
28,129
68
-
1,372
1,614
31,183
10,943
36
-
762
2,766
14,507
-
-
-
-
-
-
-
589
234,320
-
18,714
253,623
244,102
3,456
47,905
12,992
12,019
320,474
35,503
98
25,667
1,905
1,720
64,893
4,338
123
-
143
384
4,988
12,020
26
-
-
1,379
13,425
25,335
3,804
-
2,667
2,937
34,743
20,784
112
2,904
55
889
24,744
28,552
32
27,000
1,524
1,411
58,519
-
-
-
-
-
-
80,489
198
260
4,763
4,446
90,156
8,860
1,708
8,978
362
330
20,238
-
27
-
-
-
27
26,975
1,982
130
1,772
3,226
34,085
2,973
-
-
-
-
2,973
14,290
1,723
-
1,238
2,328
19,579
29,129
190
-
1,086
1,134
31,539
25,272
5,054
-
1,674
2,386
34,386
-
32
-
-
1,218
1,250
32,035
63
22,180
-
2,437
56,715
-
-
-
-
-
-
25,630
16
-
740
600
26,986
-
71
15,475
-
2,729
18,275
-
-
-
-
-
-
23,995
29
-
1,391
1,318
26,733
-
13
5,700
-
487
6,200
1,260,563
115,874
911,173
56,086
76,080
2,419,776		 2021 Total
£
319,619
-
19,768
-
14,726
327,408
1,122
-
35,079
68,625
-
-
33,040
78,526
30,601
11,453
25,477
34,746
20,854
-
183,487
49,048
-
23,519
50,812
31,193
13,518
914
180,514
71,984
83,430
37,634
-
24,935
78,166
53,412
18,656
27,311
20,249
-
40,415
77,365
25,353
43,990
53,444
-
-
62,739
6,383
-
10,030
26,344
12,200
2,328,088

Expenditure on charitable activities was £2,419,776 [2021: £2,328,088] of which £2,098,502 was restricted [2021: £2,003,526], £0 was designated [2021: £0], and £321,274 was unrestricted [2021: £324,562].

6 Analysis of support costs


Staffing costs
General administrative costs
IT support
Advertising & publicity
Legal fees
Bad debts written off/(recovered)
Audit fees		 General Support
Governance
Total
£
£
£
73,667
24,879
98,546
Allocated on hours spent
23,982
23,982
Pro rata to staff hours
28,211
-
28,211
Pro rata to staff hours
17,353
-
17,353
Invoiced
-
-
-
Governance
-
-
-
As invoiced
-
6,535
6,535
Governance
143,213
31,414
174,627
Basis of
apportionment		 2021 Total
£
110,813
29,890
21,610
11,503
-
3,159
6,195
183,170

23

SWANSEA COUNCIL FOR VOLUNTARY SERVICE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

7 Analysis of grant funding costs

Included under expenditure on charitable activities is the payment of grants to other organisations. These totalled £911,173 (2021: £974,199) and were paid to the following groups:

2022 2021
ABMU Change 4 the Better grants: £ £
Age Connect Neath Port Talbot - 14,951
ASDES - ACES - 10,400
Burns Pet Nutrition Foundation - 4,530
Canolfan Maerdy - 9,653
Citizens Advice Swansea, Neath Port Talbot - 46,160
Cruse Bereavement Care Morgannwg - 14,717
Dance to Health - 7,820
Dewis Ltd - 9,445
Dimensions Cymru 7,500 -
Discovery 9,392 -
Faith in Families - 46,964
Interplay - 9,027
LGBT+Cymru Helpline 9,050 -
Mixtup - 7,700
Neath Port Talbot Carers Centre - 8,898
Neath Port Talbot MIND - 8,370
New Pathways - 13,384
Relate Cymru 9,800 -
Surfability CIC 13,905 9,077
Swansea Autism Movement 13,900 18,000
Swansea MIND - 22,551
The Old Blacksmiths Men's Shed Clydach - 5,526
Ty Ellis - 10,000
UCAN Productions - 10,260
VIWG - Make the Change - 8,100
Your Voice Advocacy - 21,532
Building Communities Trust Fund
Clase 4 All 31,420 2,601
Mynydd y Gwair Community Fund - Innogy Renewables
Age Concern - 6,140
Bont Elim Community Church - 9,980
Craig Cefn Park Welfare Institute 29,291 -
Felindre Welfare Hall 10,000 -
Friends of Coed Gwilym Park Clydach 25,000 -
Friends of Coedbach Park Pontarddulais - 10,000
Friends of Craig Cefn - 30,000
Garnswllt Welfare Association - 8,419
Mawr Community Council - 28,472
Penllergaer Trust 27,350 -
Pontarddulais & Tircoed Community Council - 15,000
Pontarddulais Comprehensive School 30,000 -
Pontarddulais Cricket Club - 10,000
Pontarddulais Partnership 30,000 10,000
Pontarddulais Town Football Club 10,000 -
Pontarddulais Town Junior Development Fund 30,000 -

24

SWANSEA COUNCIL FOR VOLUNTARY SERVICE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

7
Analysis of grant funding costs (cont.)
Mynydd y Gwair Community Fund - Innogy Renewables (cont)
Pontarddulais Town Band
RSPCA Llys Nini
Swansea Canal Society
Our Neighbourhood Approach Transformation Fund:
Family and Therapy Place CIC
Neath Port Talbot CVS
Parent Carer Forum Partnership:
Action for Children
Contact for Families
Parent Carer Forum
Primary Care Network Fund:
African Community Centre
Barod
Family and Therapy Place CIC
Platfform
Swansea Wellbeing Centre
Ty Ellis
YMCA Swansea
Third Sector ICF Capital Grant Scheme:
Care and Repair Western Bay
Centre for African Enterprise
Chinese in Wales Association
Circus Eruption
Craig Cefn Park Welfare Institute
Dunvant Social Care
Felindre Welfare Hall
Friends of Oystermouth Castle
Garnswllt Welfare Association
Leonard Cheshire Disability
Linden Church
Paul Popham Fund - Renal Support Wales
Race Council Wales
SNAP Cymru
Swansea Carers Centre
The Old Blacksmiths Men's Shed Clydach
Vibe Youth CIC
Third Sector Support Link-Up Grants:
BAVO
Neath Port Talbot CVS
Voluntary Services Emergency Fund
Renew Mind Centre
Welsh Hearts
Western Bay Regional Collaberation Fund:
Neath Port Talbot CVS
Western Bay Social Enterprise Partnership:
Neath Port Talbot CVS
Sundry grants under £5,000		 2022
-
-
29,417
5,610
20,000
6,667
-
19,000
94,877
37,220
161,900
-
12,500
45,000
15,000
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
8,978
27,000
141,396
911,173		 2021
28,548
13,276
-
6,667
9,012
27,812
59,517
10,746
-
-
-
7,096
6,328
9,759
5,685
8,642
8,336
9,475
5,271
8,866
7,522
9,913
5,344
7,000
7,541
6,598
7,552
6,000
17,806
18,670
5,449
5,000
13,614
21,574
161,903
974,199

25

SWANSEA COUNCIL FOR VOLUNTARY SERVICE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

8 Operating Surplus / (Deficit)

The operating surplus is attributable to the principal activity of the charity and is stated after charging:

Depreciation
Auditors' remuneration:
Audit fees (including VAT)
Other services
9
a) Staff Costs
Staffing costs during the year were as follows :
Salaries and Wages
Employers' National Insurance
Pension Contributions
Travel and Training		 2022
£
36,132
6,535
2,295
2022
£
1,071,181
89,482
84,072
16,446
1,261,181		 2021
£
43,337
6,420
1,763
2021
£
966,630
82,183
77,173
12,080
1,138,066

The average number of staff employed by the charity during the year was 47 [2021: 46] or 35 FTE's [2021: 33]. These can be analysed as follows:

No member of staff was paid over £60,000 in the year.

Outstanding pension contributions at the year end were £0 (2021: £0).

During the year the total employee benefits received by key management personnel amounted to £97,621 (2021: £98,004)

b) Trustee Costs

No remuneration was paid to trustees for the year ended 31 March 2022 (2021: £Nil). Trustees travel and subsistence expenses reimbursed and charged to the statement of financial activities amounted to £0 (2021: £0). Expenses were reimbursed to 0 trustees (2021: 0 trustees).

26

SWANSEA COUNCIL FOR VOLUNTARY SERVICE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

10
Intangible Fixed Assets
Cost
As at 1 April 2021
Additions
As at 31 March 2022
Depreciation
As at 1 April 2021
Charge
As at 31 March 2022
Net book value
As at 31 March 2022
As at 1 April 2021
11
Tangible Fixed Assets
Cost
As at 1 April 2021
Additions
As at 31 March 2022
Depreciation
As at 1 April 2022
Charge
As at 31 March 2022
Net book value
As at 31 March 2022
As at 1 April 2021		 Freehold Land
and Buildings
£
481,325
-
481,325
186,082
9,627
195,709
285,616
295,243		 Office
Equipment
Intangible
Total
£
£
10,512
10,512
15,683
15,683
26,195
26,195
5,716
5,716
589
589
6,305
6,305
19,890
19,890
4,796
4,796
Office
Equipment
Tangible
Total
£
£
204,961
686,286
13,180
13,180
218,141
699,466
158,712
344,794
25,916
35,543
184,628
380,337
33,513
319,129
46,249
341,492

Land and buildings with a book value of £285,616 [2021: £295,243] have been largely funded by the National Lottery Charities Board. Should these assets be disposed, SCVS would either have to surrender the proceeds to the National Lottery Charities Board or use them in accordance with the original agreement with that body.

Based on recent local property transfers, there is considered to be no impairment to the freehold land and buildings assets.

27

SWANSEA COUNCIL FOR VOLUNTARY SERVICE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

12
Debtors
Grants not yet received
Prepayments
Other debtors
13
Creditors
Grants received in advance & repayable
Accruals
Tax and Social Security
Other creditors		 2022
£
255,108
22,398
13,125
290,631
2022
£
19,050
48,300
-
4,159
71,509		 2021
£
634,494
19,901
427
654,822
2021
£
719
76,201
22,164
50,302
149,386

14 Analysis of Net Assets between Funds

Tangible Fixed Assets
Intangible Fixed Assets
Current Assets
Current Liabilities		 Restricted
Designated
Total
Funds
Funds
Funds
£
£
£
285,616
33,514
-
319,130
-
19,890
-
19,890
470,092
221,614
955,386
1,647,092
3,928
(501)
(42,136)
(38,709)
759,636
274,517
913,250
1,947,403
Unrestricted
Funds
£

15 Share Capital

The company was incorporated as a company limited by guarantee. The liability of each member is limited to £1. The number of members as at 31 March 2022 was 10 (2021 - 11).

16 Members' Funds

At 1 April 2021
Increase/(Decrease) in Funds
Transfer to / (from) Reserves
At 31 March 2022		 Restricted
Designated
Funds
Funds
Total
£
£
£
£
874,440
253,798
753,045
1,881,283
(42,703)
-
108,823
66,120
(72,101)
20,719
51,382
-
759,636
274,517
913,250
1,947,403
Unrestricted
Funds

The restricted funds represent balances in the supported projects which are restricted to use within these projects. Further details can be seen on page 19-20 Note 1k) on SCVS' Reserves Policy.

28

SWANSEA COUNCIL FOR VOLUNTARY SERVICE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

Analysis of movement in funds

Restricted Funds
A01 7 Walter Road - National Lotteries Charities Board
A01 Core
C05 BAME Outreach Secondment
B84 BCT Clase for All Fund
C06 Better Welcome Wellbeing support
B58 Change 4 Better Grant Fund
C07 Complex Needs Worker
A49 Co-Production Development
B95 Covid-19 grants
C12 CRF Pathways to Work
C13 CRF Sustainable Transport
B82 Cwmtawe Dementia Carer
B68 Cwmtawe, Llwchwr, Penderi Cluster Grants
B98 Foundational Economy
B19 Gwirvol Youth Development
A83 Health & Social Care (BSB)
C15 Homeshare Grant
A04 Involve Core
C11 Loneliness and Isolation Fund
A10 Looked After Children (Wassup)
A31 Mental Health and Wellbeing
A05 Mental Health Forum
A15 Mental Health Info & Research
B53 Mynydd y Gwair Community Fund
B86 Our Neighbourhood Transformation Fund
B83 Parent Carer Forum
B85 Penderri Young People's Wellbeing
C08 Penderri Young People's Wellbeing 2
B94 Poverty Truth Commission
B97 SCVS Covid-19 safeguarding
B64 Social Enterprise Support
C01 Social Prescribing Cluster
B88 Social Value Forum
B31 SSWB 16-30
B79 Swansea City of Sanctuary Welcome
B93 Swansea North Active People project (SNAPP)
A88 Swansea Volunteer Forum
A34 Training
B56 Transcend 2 project
B72 TSS Link-Up project
C09 TSSW Winter Pressures Fund
B80 W/Bay Partnership Co-Production
C14 WG Social Care Recovery Micro Enterprise Fund
B66 Workways +
B30 Youth Services Grant
Designated Funds
Capital equipment to be written off
Provision for staff redundancies
Unrestricted Funds		 As at
As at
1 April
31 March
2021
Income
Expenditure
Transfer
2022
£
£
£
£
£
295,243
-
-
(9,627)
285,616
-
57,545
53,545
-
4,000
-
36,170
36,225
55
-
7,293
29,623
31,434
23,940
29,422
-
13,476
11,626
(1,030)
820
(2,293)
63,547
62,404
-
(1,150)
-
36,554
21,740
(1,030)
13,784
-
35,000
27,956
(1,029)
6,015
18,604
2,826
22,203
773
-
-
3,371
3,371
-
-
-
14,754
14,754
-
-
8,799
35,043
30,808
-
13,034
138,008
314,551
382,372
-
70,187
11,517
-
6,527
-
4,990
-
27,288
22,658
-
4,630
-
34,737
37,738
3,001
-
-
10,000
193
9,807
320
49,368
50,057
369
-
-
22,727
17,045
-
5,682
4,081
27,600
22,801
-
8,880
391
51,203
58,363
6,769
-
6,323
37,516
31,182
(1,030)
11,627
2,450
15,968
14,507
(1,029)
2,882
66,337
240,000
253,623
(24,194)
28,520
69,193
342,044
320,474
(1,030)
89,733
21,898
71,300
64,893
-
28,305
-
-
4,988
4,988
-
-
26,250
13,425
-
12,825
56,122
40,000
34,744
-
61,378
91,315
-
24,744
(66,571)
-
588
54,000
58,519
3,931
-
2,051
100,000
90,156
-
11,895
10,509
27,228
20,238
-
17,499
131
-
27
-
104
3,025
34,469
34,085
-
3,409
2,973
-
2,973
-
-
315
-
-
-
315
-
24,283
15,269
(9,014)
-
1,010
45,000
31,539
(1,030)
13,441
34,386
-
34,386
-
-
-
55,000
56,715
1,715
-
17,204
14,673
26,986
-
4,891
-
28,000
18,275
-
9,725
(1,303)
28,035
26,734
2
-
7,950
6,650
6,200
(1,030)
7,370
874,440
2,055,799
2,098,502
(72,101)
759,636
51,045
-
-
2,359
53,404
202,752
-
-
18,361
221,113
253,797
-
-
20,720
274,517
753,046
430,097
321,274
51,381
913,250

Restricted funds represent balances in the scheme projects which are restricted to future use within these projects.

Debit balances represent timing differences, where the project expenditure temporarily outweighs the project income. The charity is responsible for settling any debit balances remaining at the end of a particular project.

The transfers represent the contribution from unrestricted reserves to cover annual deficits on some of the restricted projects.

29

SWANSEA COUNCIL FOR VOLUNTARY SERVICE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

17 Comparative - Analysis of movement in funds

Restricted Funds
A01 7 Walter Road - National Lotteries Charities Board
A01 Core
B84 BCT Clase for All Fund
B74 BME Skills
B58 Change 4 Better Grant Fund
A49 Co-Production Development
B95 Covid-19 grants
B82 Cwmtawe Dementia Carer
B68 Cwmtawe, Llwchwr, Penderi Cluster Grants
B98 Foundational Economy
C02 Friends in Need
B19 Gwirvol Youth Development
A83 Health & Social Care (BSB)
B96 Health & Wellbeing Abertawe
B99 ICF Capital Grants
A04 Involve Core
A10 Looked After Children (Wassup)
A31 Mental Health and Wellbeing
A05 Mental Health Forum
A15 Mental Health Info & Research
B53 Mynydd y Gwair Community fund
B86 Our Neighbourhood Transformation Fund
B83 Parent Carer Forum
B85 Penderri Young People's Wellbeing
B94 Poverty Truth Commission
B97 SCVS Covid-19 safeguarding
B64 Social Enterprise Support
C01 Social Prescribing Cluster
B73 Social Prescribing Pilot
B88 Social Value Forum
B31 SSWB 16-30
B79 Swansea City of Sanctuary Welcome
B93 Swansea North Active People project (SNAPP)
A88 Swansea Volunteer Forum
A34 Training
B56 Transcend 2
B72 TSS Link-Up project
C03 Volunteering Recovery Fund
B80 W/Bay Partnership Co-Production
C04 Winter Pressures Fund
B66 Workways +
B30 Youth Services Grant
Designated Funds
Capital equipment to be written off
Provision for staff redundancies
Unrestricted Funds		 As at
As at
1 April
31 March
2020
Income
Expenditure
Transfer
2021
£
£
£
£
£
304,869
-
-
(9,626)
295,243
-
-
-
-
-
27,061
-
19,768
-
7,293
2,520
17,219
14,726
(5,013)
-
17,568
307,546
327,407
-
(2,293)
-
35,000
35,000
-
-
3,000
84,229
68,625
-
18,604
7,928
35,043
33,040
(1,132)
8,799
46,244
170,290
78,526
-
138,008
-
42,118
30,601
-
11,517
-
12,597
11,453
(1,144)
-
-
25,477
25,477
-
-
-
34,737
34,746
9
-
21,500
-
20,854
(646)
-
-
202,736
183,487
(19,249)
-
-
49,368
49,048
-
320
-
27,600
23,519
-
4,081
-
51,203
50,812
-
391
-
37,516
31,193
-
6,323
-
15,968
13,518
-
2,450
6,851
240,000
180,514
-
66,337
47,411
96,466
71,984
(2,700)
69,193
25,148
80,180
83,430
-
21,898
6,027
33,630
37,634
(2,023)
-
29,457
51,600
24,935
-
56,122
(2,757)
172,238
78,166
-
91,315
-
54,000
53,412
-
588
-
32,854
27,311
(3,492)
2,051
1,632
14,412
18,656
2,612
-
4,561
27,228
20,249
(1,031)
10,509
131
-
-
-
131
9,511
34,960
40,415
(1,031)
3,025
7,205
75,195
77,365
(2,062)
2,973
315
-
-
-
315
-
6,000
22,524
16,524
-
-
45,000
43,990
-
1,010
36,853
53,016
53,444
(2,039)
34,386
-
62,739
62,739
-
-
4,624
19,564
6,383
(601)
17,204
-
10,000
10,030
30
-
-
26,122
26,345
(1,080)
(1,303)
-
20,150
12,200
-
7,950
607,659
2,304,001
2,003,526
(33,694)
874,440
75,559
-
-
(24,514)
51,045
172,880
-
-
29,872
202,752
-
248,439
-
-
5,358
253,797
744,434
304,838
324,562
28,336
753,046

Restricted funds represent balances in the scheme projects which are restricted to future use within these projects.

Debit balances represent timing differences, where the project expenditure temporarily outweighs the project income. The charity is responsible for settling any debit balances remaining at the end of a particular project.

30

SWANSEA COUNCIL FOR VOLUNTARY SERVICE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

A current year 12 months and prior year 12 months combined position is as follows:

Restricted Funds
A01 7 Walter Road - National Lotteries Charities Board
A01 Core
C05 BAME Outreach Secondment
B84 BCT Clase for All Fund
C06 Better Welcome Wellbeing support
B74 BME Skills
B58 Change 4 Better Grant Fund
C07 Complex Needs Worker
A49 Co-Production Development
B95 Covid-19 grants
C12 CRF Pathways to Work
C13 CRF Sustainable Transport
B82 Cwmtawe Dementia Carer
B68 Cwmtawe, Llwchwr, Penderi Cluster Grants
B98 Foundational Economy
C02 Friends in Need
B19 Gwirvol Youth Development
A83 Health & Social Care (BSB)
B96 Health & Wellbeing Abertawe
C15 Homeshare Grant
B99 ICF Capital Grants
A04 Involve Core
C11 Loneliness and Isolation Fund
A10 Looked After Children (Wassup)
A31 Mental Health and Wellbeing
A05 Mental Health Forum
A15 Mental Health Info & Research
B53 Mynydd y Gwair Community Fund
B86 Our Neighbourhood Transformation Fund
B83 Parent Carer Forum
B85 Penderri Young People's Wellbeing
C08 Penderri Young People's Wellbeing 2
B94 Poverty Truth Commission
B97 SCVS Covid-19 safeguarding
B64 Social Enterprise Support
C01 Social Prescribing Cluster
B73 Social Prescribing Pilot
B88 Social Value Forum
B31 SSWB 16-30
B79 Swansea City of Sanctuary Welcome
B93 Swansea North Active People project (SNAPP)
A88 Swansea Volunteer Forum
A34 Training
B56 Transcend 2 project
B72 TSS Link-Up project
C09 TSSW Winter Pressures Fund
C03 Volunteering Recovery Fund
B80 W/Bay Partnership Co-Production
C14 WG Social Care Recovery Micro Enterprise Fund
C04 Winter Pressures Fund
B66 Workways +
B30 Youth Services Grant
Designated Funds
Capital equipment to be written off
Provision for staff redundancies
Unrestricted Funds		 As at
Net
Transfer
As at
1 April
Movement
Between
31 March
2020
in Funds
Funds
2022
£
£
£
£
304,869
-
(19,253)
285,616
-
4,000
-
4,000
-
(55)
55
-
27,061
(21,579)
23,940
29,422
-
1,850
(1,030)
820
2,520
2,493
(5,013)
-
17,568
(18,718)
-
(1,150)
-
14,814
(1,030)
13,784
-
7,044
(1,029)
6,015
3,000
(3,773)
773
-
-
-
-
-
-
-
-
-
7,928
6,238
(1,132)
13,034
46,244
23,943
-
70,187
-
4,990
-
4,990
-
1,144
(1,144)
-
-
4,630
-
4,630
-
(3,010)
3,010
-
21,500
(20,854)
(646)
-
-
9,807
-
9,807
-
19,249
(19,249)
-
-
(369)
369
-
-
5,682
-
5,682
-
8,880
-
8,880
-
(6,769)
6,769
-
-
12,657
(1,030)
11,627
-
3,911
(1,029)
2,882
6,851
45,863
(24,194)
28,520
47,411
46,052
(3,730)
89,733
25,148
3,157
-
28,305
6,027
(8,992)
2,965
-
-
12,825
-
12,825
29,457
31,921
-
61,378
(2,757)
69,328
(66,571)
-
-
(3,931)
3,931
-
-
15,387
(3,492)
11,895
1,632
(4,244)
2,612
-
4,561
13,969
(1,031)
17,499
131
(27)
-
104
9,511
(5,071)
(1,031)
3,409
7,205
(5,143)
(2,062)
-
315
-
-
315
-
(7,510)
7,510
-
-
14,471
(1,030)
13,441
36,853
(34,814)
(2,039)
-
-
(1,715)
1,715
-
-
-
-
-
4,624
868
(601)
4,891
-
9,725
-
9,725
-
(30)
30
-
-
1,078
(1,078)
-
-
8,400
(1,030)
7,370
607,659
257,772
(105,795)
759,636
75,559
-
(22,155)
53,404
172,880
-
48,233
221,113
248,439
-
26,078
274,517
744,434
89,099
79,717
913,250

Restricted funds represent balances in the scheme projects which are restricted to future use within these projects.

Debit balances represent timing differences, where the project expenditure temporarily outweighs the project income. The charity is responsible for settling any debit balances remaining at the end of a particular project.

31

SWANSEA COUNCIL FOR VOLUNTARY SERVICE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

18 Restricted Funds

7 Walter Road - National Lotteries Charities Board - SCVS office premises.

BAME Outreach Secondment - An SCVS staff member is on secondment into a Health Board funded role, working as part of a regional team to provide focussed support to ensure better health outcomes for BME community members.

BCT Clase 4 All Fund - SCVS is the grant administration body on behalf of the Clase for All Group.

C06 Better Welcome Wellbeing support - A project delivering healthy living support to refugees and asylum seekers, The project support refugees and asylum seekers to access support, advice assistance and learning opportunities to enable healthy living choices and enhance wellbeing outcomes.

B58 Change 4 the Better Grant Fund - SCVS administers the ABMU Charitable funds across the region, the fund provides small grants to 3rd sector organisations which provide wellbeing based activities and services.

C07 Complex Needs Worker - Offers a service to individuals within the Cwmtawe Cluster area, offering 1-1 wellbeing support to individuals who have co-existing needs (mentalh health, experience of domestic abuse and substance misuse) which may require a little more time and support.

A49 Co-Production Development - The Co Production officer ( funded by Swansea Social Services department) brings together citizens to have their voice and views heard and to be involved in the co production of public services in particular those accessed by disabled people.

B95 Covid-19 Grants - SCVS has received funding from a range of sources, for onward distribution to the sector.

C12 CRF Pathways to Work - SCVS is a partner in a Swansea Council led UK Government Community Renewal Funded employability project. SCVS is supporting people referred to the project into volunteering opportunities.

C13 CRF Sustainable Transport - As part of the Swansea Council CRF portfolio, SCVS is leading a 3rd sector partnership project looking at community level transport needs and community owned and led transport solutions.

B82 Cwmtawe Dementia Carer - A partnership between SCVS, Cwmtawe and Llwchwr Clusters, and funded by the West Glamorgan Regional Partnership (ICF Dementia Funding); Swansea North Dementia and Carer Project supports people living with Dementia, and carers of people with Dementia, registered in GP Practices in the Cwmtawe and Llwchwr areas of Swansea.

B68 Cwmtawe, Llwchwr, Penderi Cluster Grants - SCVS administers grant funds on behalf of local GP Cluster networks. Working with the Clusters SCVS supports the networks to identify priorities for grant funding and has developed and implemented a grant giving process on behalf of the networks. The funding is available to 3rd sector groups delivering wellbeing services within the network areas.

B98 Foundational Economy – A partnership project with Swansea council and the Wales Cooperative Centre, the project aims to explore and pilot new ways of delivering low level care and support to people living in Clydach and the Gower. Funded via Welsh Government, the project looks at supporting groups and individuals to develop micro enterprises and matching these business start ups with people in need of care and support.

32

SWANSEA COUNCIL FOR VOLUNTARY SERVICE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

18 Restricted Funds (cont.)

Gwirvol Youth Development - The youth development officer works with young people seeking volunteering opportunities and also with groups wanting to host young volunteers. The post holder also facilitates the Swansea Youth Bank- a volunteering project where young people are supported to offer grants to youth led volunteering projects.

A83 Health & Social Care (BSB) - Funding of development and delivery across the region to strengthen partnership working between the NHS and the local voluntary sector through the establishment of a health & social care facilitator post and for related events supporting service design and citizen engagement.

C15 Homeshare Grant - The grant provided pump prime support to establish a Swansea based Homeshare scheme. Homeshare matches people with spare room in their homes with people looking for accommodation and able to provide low level domestic assistance.

A04 Involve Core - The befriending scheme recruits volunteers to be placed with individuals referred by social services who could benefit from a volunteer befriender. Volunteers support the community member to access social and other activities.

C11 Loneliness and Isolation Fund - A WG funded project in partnership with Swansea Council, providing grant funding to 3rd sector organisations supporting people experiencing loneliness and isolation.

A10 Looked After Children (Wassup) - SCVS delivers the statutory Independent Visitor service to looked after children on behalf of Swansea Council. Volunteers are recruited and matched to a looked after young person, meeting regularly to discuss issues and offer independent support to the young person, many of the IV’s are working with young people who are placed out of county.

A31 Mental Health and Wellbeing - A volunteer involving project delivering support to mental health service users within both hospital and community based settings such as day centres as well as enabling access to social and other group activities.

A05 Mental Health Forum - The project officer facilitates 3rd sector groups and organisations working in the mental health sector to network, come together around issues of mutual interest, feed into the policy and planning of mental health services locally and to raise awareness of unmet needs. The role enables dialogue between statutory agencies and 3rd sector organistions.

A15 Mental Health Info & Research - The role works across a range of public and 3rd sector organisations enabling access to effective information around mental health services and support that is available to citizens from within the 3rd sector. The role also involves ensuring up to date resources such as the directory of local Counselling services.

B53 Mynydd y Gwair Community Fund – The Mynydd y Gwair Local Community Fund will provide grants to organisations providing services, facilities or activities that benefit the communities within the area of benefit for the Mynydd y Gwair Local Community Fund, SCVS has been awarded the contract to administer the fund on behalf of Innogy.

33

SWANSEA COUNCIL FOR VOLUNTARY SERVICE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

18 Restricted Funds (cont.)

B86 Our Neighbourhood Transformation Fund - As part of the West Glamorgan Regional Partnership Board Transformation programme, SCVS is delivering strengths based community asset development work in two GP Cluster Network areas.

B83 Parent Carer Forum – SCVS was successful in tendering to develop and lead on implementing a Parent Carer Forum across Swansea. With the introduction in Wales of new legislation namely Social Services and Wellbeing Act, Well Being of Future Generations Act Additional Learning Needs and Education Tribunal Bill there is an expectation that services are developed co-productively with those who use them so your voice matters. The Forums purpose will be to work co-productively with local services to help bring about improvements in services for disabled children, young people and their families.

B85 Penderri Young People's Wellbeing Project (PYPWP) - SCVS offers a brief intervention service based within GP surgeries. It connects people to non-medical sources to improve their health and wellbeing, which can include activities, opportunities, or connections to community groups and voluntary organisations.

C08 Penderri Young People's Wellbeing 2 (PYPWP 2) - Penderi Young People’s Wellbeing Project (PYPWP) offers a brief intervention service based within GP surgeries. It connects people to non-medical sources to improve their health and wellbeing, which can include activities, opportunities, or connections to community groups and voluntary organisations.

B94 Poverty Truth Commission - SCVS is the host employer for staff working on the Swansea Poverty Truth Commission, staff are facilitating the establishment and delivery of the Commission.

B97 SCVS Covid-19 Safeguarding - Additional costs relating to SCVS Covid19 operational changes including additional staffing and Covid safe adaptations to working practices and venues.

B64 Social Enterprise Support - As part of the regional Western Bay Social Enterprise support project, SCVS hosts a staff member who is able to offer specialist development support to social enterprise organisation in particular those working in the health and wellbeing sector.

C01 Social Prescribing Cluster – HB funded, the project puts a ‘social prescriber’ into each of the GP Cluster areas across Swansea. The social prescribers receive referrals and support those with low level mental health and wellbeing issues to make contact with and access local support and activities.

B88 Social Value Forum - SCVS leads on facilitating the West Glamorgan RPB Social Value Forum, bringing partners together to explore ways to enhance social value outcomes within health social care and wellbeing services.

B79 Swansea City of Sanctuary Welcome - The project helps to welcome and support asylum seekers and refugees in Swansea to reduce isolation, encourage active participation, promote well being and enhance Integration. The project is a partnership between Swansea City of Sanctuary and SCVS, funded initially by the by the National Lottery, and more recently with contributions from the Health Board and RPB.

B93 Swansea North Active People Project (SNAPP) - SCVS offers support for up to 12 weeks to young people aged 11 to 16, to to start being more active, and explore ways to improve wellbeing.

A88 Swansea Volunteer Forum - The Volunteering Forum, facilitated by SCVS brings together volunteer managers from across the 3rd sector in Swansea. The forum offers development and networking opportunities, mutual support and an opportunity to lobby on issues of concern in relation to volunteering best practice.

34

SWANSEA COUNCIL FOR VOLUNTARY SERVICE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

18 Restricted Funds (cont.)

A34 Training – SCVS provides open programme and bespoke training courses to meet the development needs of groups and individuals working or volunteering within the 3rd sector with some courses focussed on needs identified as part of the wellbeing agenda.

B56 Transcend 2 - The project matches mentors with lived experience of mental health needs with individuals currently experiencing mental ill health. The project aims to support the recovery of beneficiaries whilst volunteers receive in depth training in mentoring skills and ongoing support with their volunteering role. The project also provides training to mental health practitioners.

B72 TSS Link-Up project - The Big Lottery funded regional project aims to strengthen 3rd sector governance by supporting the recruitment of new Trustees and Board members as well as recruiting members of the public, in particular those with specialist skills or business experience and matching them as a mentor for Board members wishing to upskill.

C09 TSSW Winter Pressures Fund - The funding provides grant to support 3rd sector organisations to provide support that enhances resilience in communities over the winter pressures period, thus supporting statutory partners at times of high demand.

B80 Western Bay Partnership Co-Production – A regional project across Western Bay RPB to ensure the involvement of citizens in all aspects of the work of the Board and to develop and embed co production across all RPB workstreams.

C14 WG Social Care Recovery Micro Enterprise Fund - The project aims to explore and pilot new ways of delivering low level care and support to people in Swansea. Funded via WG / the RPB, the project looks at supporting groups and individuals to develop micro enterprises and matching these business start ups with people in need of care and support.

B66 Workways + - As part of the regional ESF funded LA led Workways+ project, SCVS hosts a volunteering development officer who receives referrals from the Workways+ team and supports the individual to access volunteering opportunities that will assist with skills acquisition and gaining work related experience through the volunteering role.

B30 Youth Services Grant - The grant supports the aims of the Gwirvol project in relation to youth volunteering and in particular supporting the Swansea Youth Bank and the youth led projects that are funded via the Youth Bank grants.

35

SWANSEA COUNCIL FOR VOLUNTARY SERVICE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

19 Reconciliation of net income/(expenditure) to net cash flow from operating activities

2022
£
Net Income/(Expenditure)
66,120
Adjustments for:
Depreciation charges
36,132
(Increase)/Decrease in debtors
364,191
Increase/(Decrease) in creditors
(77,376)
Net cash provided by / (used in) operating activities
389,067
20
Analysis of cash and cash equivalents
Bank current accounts
1,388,262
Petty cash
1,000
1,389,262
21
Statement of Financial Activities for the year ending 31st March 2021
2021
2021
Restricted
Unrestricted
£
£
Income and endowments from:
Donations and legacies
-
5,950
Charitable activities
2,304,001
298,888
Other trading activities
-
-
Investments
-
-
Total
2,304,001
304,838
Expenditure on:
Charitable activities
2,003,526
324,562
Other
-
-
Total
2,003,526
324,562
Net Income/(Expenditure) for the year
ending 31st March 2021
300,475
(19,724)		 2021
£
280,751
43,337
(328,457)
81,317
76,948
1,028,560
1,000
1,029,560
2021
Total
£
5,950
2,602,889
-
-
2,608,839
2,328,088
-
2,328,088
280,751

36

SWANSEA COUNCIL FOR VOLUNTARY SERVICE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

22 Operating leases

Annual commitments under operating leases as follows:

Within one year
Between one and two years		 2022
£
1,087
-
1,087		 2021
£
1,534
-
1,534

37