OpenCharities

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

2023-03-31-accounts

Voluntary Action North Somerset Limited (A Charitable Company Limited by Guarantee)

Annual Report and Financial Statements

For the Year Ended 31 March 2023

Company Number: 03466492 Charity Registered in England and Wales Number: 1065916

Voluntary Action North Somerset Limited Contents For the Year Ended 31 March 2023

Page
Reference and Administrative Details 2
Trustee Directors’ Report 3 – 10
Independent Examiners’ Report 11
Statement of Financial Activities 12
Balance Sheet 13
Statement of Cashflows 14
Notes to the Financial Statements 15 – 28

Page 1

Voluntary Action North Somerset Limited Reference and Administrative Details For the Year Ended 31 March 2023

Charity Name Voluntary Action North Somerset Limited
Trustee Directors D Lloyd-Evans
N Salter
S Shillabeer
L Sweeney
L Wormald Kelly
L Bowen
Chief Executive M Gardner
Registered Office Weston Court
Oldmixon Crescent
Weston-Super-Mare
North Somerset
BS24 9AU
Independent Examiner Michelle Ferris FCA
Albert Goodman LLP
Goodwood House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX
Bankers CAF Bank
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ

Page 2

Voluntary Action North Somerset Limited Trustee Directors’ Report For the Year Ended 31 March 2023

The trustees, who are also directors for the purposes of the Companies Act, present their report and the unaudited financial statements of the charity for the year ended 31 March 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity’s memorandum and articles of association, the Statement of Recommended Practice (SORP FRS 102- implemented 1 January 2019), and are in accordance with the special provision relating to small companies within Part 15 of the Companies Act 2006.

Structure, governance and management

Governing document

The charity is controlled by its governing document, dated 30th November 1997, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. In the event of the company being wound up, members liability is restricted to £10. The charity, commonly known as VANS, is a registered charity number 1065916 and a company limited by guarantee number 03466492.

Recruitment and appointment of new trustees

The directors of the company are also charity trustees for the purpose of charity law. The following trustees served during the year and since the year end:

D Lloyd-Evans N Salter K Scott (Resigned 24 September 2022) S Shillabeer M Harriott (Appointed 26 September 2022 at AGM & resigned 30 August 2023) L Sweeney (Co-opted 21 November 2022) L Wormald Kelly (Appointed 26 September 2022 at AGM) L Bowen (Co-opted 17 October 2022)

Trustees are normally appointed for a three-year term which is renewable. Processes for the election of the trustees are covered by the Articles and there is a policy and procedures for the co-option of the trustees.

We seek to have a board of trustees which has a good understanding of the voluntary, community, faith and social enterprise sector (VCFSE) and is representative of our diverse membership. In addition, we seek to have trustees with relevant business experience to ensure that we are compliant with our fiduciary responsibilities. Trustees can be co-opted or elected at the AGM. No external body has the right to appoint trustees.

Induction and training of new trustees

To help Trustees understand their role and responsibilities an induction pack has been developed that supports trustees new to the role. The Chair conducts an annual 'conversation' with each trustee and holds trustee seminars covering relevant issues and two Trustee Away Days. Trustees are encouraged to keep themselves up to date with Charity legislation, through relevant third-party websites and through attending training when required.

Organisational structure

Voluntary Action North Somerset is overseen by the Board of Trustees. As charity trustees, they are responsible for complying with all relevant legislation applicable to charities. This includes the registration, keeping proper accounts and making returns to the Charity Commission as appropriate. The Committee meets a minimum of four times a year to review performance and key risks with additional ad-hoc meetings being held if required.

Page 3

Voluntary Action North Somerset Limited Trustee Directors’ Report For the Year Ended 31 March 2023

Day-to-day responsibility for the running of the organisation is delegated to the Chief Executive Officer and the team of paid employees.

Wider network

Whilst maintaining its independence, VANS works together with many other organisations - local, regional, and national to achieve its objectives. These include but are not exclusive to North Somerset Leaders Forum, North Somerset Wellbeing Collective, BNSSG Integrated Care Partnership, North Somerset Council and Sirona Care and Health. VANS as an organisation is viewed as a champion for meaningful collaborative partnership working.

Related parties

The charity is a member of The National Association for Voluntary and Community Action (NAVCA) and the National Association of Voluntary Organisations (NCVO), incorporating Volunteer England.

As agreed by the board of trustees, the Chief Executive holds the position of Director of the North Somerset Wellbeing Collective.

Risk Management

The trustees have a duty to identify and review risk to which the charity is exposed and to ensure appropriate mitigations are in place to provide reasonable assurance against malpractice and error. The Board of Trustees has identified the major risks to which they believe the organisation may be exposed, these are reviewed dependent on need and systems implemented to mitigate against them.

The main areas of risk that have been identified are:

Page 4

Voluntary Action North Somerset Limited Trustee Directors’ Report For the Year Ended 31 March 2023

Objectives and Activities

Vision, Aims and Objects

VANS work towards the “Vision” that:

Everyone in North Somerset will be encouraged and supported to engage in some form of volunteering , supporting people in communities around them, whilst enhancing their own health and well-being.

Our “Mission Statement”:

To represent, develop and empower the voluntary, community, faith, and social enterprise sector in North Somerset, to be at the forefront of positive social change and development.

The charity's objects and principal activities are to:

Promote any charitable purposes for the benefit of the community in the area and in particular the advancement of education, the protection of health and the relief of poverty sickness and distress. Promote and organise co-operation in the achievement of the above purposes and to that end:

Public benefit

VANS as an organisation meets the Charity Commission's public benefit criteria under both the advancement of citizenship and community development headings. All projects delivered by VANS are designed by funders to deliver specific public benefit.

The trustees state that they have complied with their duty to have due regard to the commissions public benefit guidance when exercising any powers or duties to which guidance is relevant. The trustees also confirm that they have complied with section 17(5) of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission.

Page 5

Voluntary Action North Somerset Limited Trustee Directors’ Report For the Year Ended 31 March 2023

Achievement and Performance

Charitable activities

As the umbrella or infrastructure organisation for the Voluntary, Community, Faith, and Social Enterprise (VCFSE) sector in North Somerset, VANS plays a crucial role in supporting charitable, community interest, and unconstituted groups to address the needs of people in our communities. VANS has four key purposes:

Key achievements

This year VANS said goodbye to Chief Executive, Paul Lucock and welcomed Mandy Gardner as the new Chief Executive in October 2022. Paul was instrumental in leading VANS through the very difficult years of COVID-19 and was hugely successful at forming partnerships and collaborations enabling VANS to grow as an organisation and play a larger role in supporting the VCFSE sector in North Somerset. Paul’s leadership has put VANS in a strong position to support and build a sustainable and thriving VCFSE sector in North Somerset.

This year saw successes with funding achieved from multiple sources to build and develop volunteer provision throughout Bristol, North Somerset and South Gloucestershire (BNSSG), alongside achieving funding to enable VANS to better support communities through our Capacity Builders programme, supporting Equalities, Diversity and Physical activity, Ageing Well and Volunteering. The charity also delivered bid writing sessions to 59 individuals representing the VCFSE sector through the Shared Prosperity Fund.

VANS received funding from 15 different sources to enable the delivery of services to communities across North Somerset and further afield. VANS team is currently at 11.8 FTE. These roles enable VANS to meet demand on directly delivered volunteer services and to provide additional direct support to further enable the empowerment of the VCFSE sector in North Somerset.

The pipeline of projects for 2022-23 has strengthened the position of the VANS to further secure its position through the next financial year.

Please see our Impact Report for more examples of the impact that VANS has had this year. Here is a flavour of the impact that VANS has had this year against our four key purposes.

Page 6

Voluntary Action North Somerset Limited Trustee Directors’ Report For the Year Ended 31 March 2023

Leadership and Advocacy

By providing a collective voice for the sector, VANS has influenced key local and national decisions and policies, ensuring that the contributions of VCFSE organisations are recognised and valued. VANS has actively participated in cross-sector initiatives, advocating for a collaborative approach to addressing complex social issues and promoting sustainable development. VANS has identified key issues, challenges, and opportunities, and has worked with stakeholders to develop plans and initiatives that align with the VCFSE sector's priorities. VANS has worked directly with commissioners, funders and the VCSE sector to expand provision to meet changing demand and identified new opportunities where possible.

This year, through our role on the Integrated Care Board and as Locality Lead within Weston, Worle and villages, VANS, with our VCFSE partners, has been active in helping to shape the relationship between health and the voluntary sector.

Partnerships and Collaborations

VANS has fostered collaborations among VCFSE organisations. VANS has facilitated knowledge sharing, resource pooling, and joint project development, leading to increased impact and positive outcomes for North Somerset communities. Working in collaboration with academic institutions has enabled evidence-based practices, ensuring that initiatives are guided by research and data. VANS continues to actively participate in regional and national networks, contributing to collective efforts to address pressing societal challenges.

This year VANS has led on the formation of the Befriending Alliance and the Ageing Well Forum, to bring together VCFSE partners to further support and promote the development of their services across North Somerset.

Capacity Building

Capacity building remains a core objective for VANS, through enhancing the capabilities and sustainability of VCFSE organisations and individuals within the sector. VANS’ workshops and forums have helped equip individuals with valuable skills and knowledge, enabling them to lead and manage their organisations effectively. We have provided guidance and support to strengthen the governance structures and of VCFSE organisations, promoting best practices and accountability. By supporting leaders, VANS ensures a robust pipeline of skilled individuals dedicated to driving positive change in North Somerset.

This year as part of the UK Community Renewal Fund, North Somerset received government funding to focus on the development of community hubs across North Somerset. VANS working in partnership with VCFSE colleagues enabled the development of four physical community hubs driven by the needs of the communities around them.

Volunteering

Volunteering remains at the heart of VANS' work. VANS has connected enthusiastic volunteers with meaningful opportunities, aligning their skills with the needs of VCFSE organisations. VANS commitment to recognition has helped to foster a positive and rewarding volunteering experience, attracting more individuals to engage in community service. VANS acknowledges the significance of volunteering as a pathway to employment, and supporting employability through volunteering has opened new possibilities for residents seeking to build their skills and gain experience.

This year VANS has invested in a new online Volunteer Centre. This has enabled both volunteers and VCFSE organisations to have easier access to opportunities and has added a new volunteer bank that VCFSE organisations can draw from.

Page 7

Voluntary Action North Somerset Limited Trustee Directors’ Report For the Year Ended 31 March 2023

Financial Review

Financial performance through 2022-23 financial year was significantly improved through the delivery of new volunteer contracts across North Somerset and further afield. VANS has been successful in recruiting skilled individuals to deliver these contracts throughout the year. The flexibility of the whole VANS team together with that of our key contract funders has continued to enable delivery to be effective, high quality and with VANS remaining as the main focal point for infrastructure in North Somerset.

A breakdown of the charity’s income streams, and expenditure is set out within the accounts and explained within the Impact Report for 2022-2023.

Overall, with the support of our key contract funders and the continued growth in volunteer service delivery, the financial position of the organisation remained in a stable position.

Reserves policy

The Trustees annually review the reserves policy and continue to plan to hold reserves to protect the organisation and delivery of its charitable programmes by providing time to adjust to changing financial circumstances.

Unrestricted general reserves are needed to deal with expenditure which could arise, and which is not provided for either in the annual budgeting process or as a result of a significant loss of revenue income.

Whilst VANS is able to report an improved financial position and the trustees consider that the organisation is now on firm financial footing, the trustees are conscious that pressures on funders, both contracts and grant givers, along with key risks such as a global pandemic could lead to financial pressure for the organisation in the coming years.

The trustees, therefore consider it a prudent objective that the aim, long term, should be to hold Operating reserves at the current level of 12 months of charitable expenditure as set out on the budget for the forthcoming year – circa £400k.

Investment Policy

VANS Income and Expenditure is small and as a consequence, the organisation does not have sufficient funds to invest in longer-term investments such as stocks and shares. The Organisation has therefore adopted a low-risk strategy to the investment of its funds. All funds are held in cash using only mainstream banks or building societies. Reserves and funding received in advance for projects are held in an interestbearing deposit account with our bankers, Charities Aid Foundation Bank.

Principle Funding Sources

The principal funding sources for the charity were commissions from North Somerset Council, North Bristol NHS Trust and Sirona Care and Health. The funding from these bodies was for delivery of services. Additional income was generated from the range of projects undertaken by the charity throughout the year.

There are no related party transactions and all principal funding sources are shown in the notes of the financial activities.

Page 8

Voluntary Action North Somerset Limited Trustee Directors’ Report For the Year Ended 31 March 2023

Plans for future periods

VANS Strategic Plan for 2023-24 is focussed on our role in capacity building, whilst maintaining a pipeline of projects which meet the charity’s overall objectives and/or address demand where need is identified. VANS’ aim, as always, is to work in partnership and source investment to build a thriving VCFSE sector for North Somerset.

VANS’ team is it’s main asset, in line with this VANS will continue to develop it’s people, trustees and volunteers to achieve positive outcomes for the individuals and organisations that it represents.

As with last year, VANS focus for the coming year in line with our current strategic plan will be to:

As the VSCE infrastructure body for North Somerset VANS continues to work directly with commissioners, funders and the VCSE sector to expand provision to meet changing demand and identify new opportunities where possible.

Our strategic role in influencing will be vital to stabilising, securing and strengthening opportunities for the sector as we move through the next year.

Page 9

Voluntary Action North Somerset Limited Trustee Directors’ Report For the Year Ended 31 March 2023

Statement of Trustees Responsibilities

The trustees (who are also directors of Voluntary Action North Somerset for the purposes of company law) are responsible for preparing the Trustees' Report (incorporating the directors’ report) and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (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 income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

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

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report has been prepared in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Approved by order of the board on 11 September 2023 and signed on their behalf by:

D Lloyd-Evans Trustee

N Salter Trustee

Page 10

Voluntary Action North Somerset Limited Independent Examiners' Report to the Members and Trustees For the Year Ended 31 March 2023

Independent examiners report to the Trustees of Voluntary Action North Somerset Limited

I report to the charity trustees on my examination of the accounts of Voluntary Action North Somerset Limited (“the Company”) for the year ended 31 March 2023.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).

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

Independent examiner’s statement

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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

  2. the accounts do not comply with these records; or

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

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

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

Michelle Ferris BSc (Hons) FCA DChA Albert Goodman LLP Goodwood House Blackbrook Park Avenue Taunton Somerset TA1 2PX Date: 4 December 2023

Page 11

Voluntary Action North Somerset Limited Statement of Financial Activities (including an Income and Expenditure account) For the Year Ended 31 March 2023

----- Start of picture text -----
Unrest- Rest- Unrest- Rest-
ricted ricted Total ricted ricted Total
Notes Funds Funds 2023 Funds Funds 2022
£ £ £ £ £ £
Income from:
Donations and general grants 2 10,025 8,088 18,113 - 466 466
Charitable activities 3 207,596 564,546 772,142 188,512 544,717 733,229
Investment income 4 1,146 - 1,146 18 - 18
Total income 218,767 572,634 791,401 188,530 545,183 733,713
Expenditure on:
Charitable expenditure 5 87,828 536,158 623,986 147,724 268,257 415,981
Total expenditure 87,828 536,158 623,986 147,724 268,257 415,981
Net income/(expenditure) before
130,939 36,476 167,415 40,806 276,926 317,732
transfers
Transfer between funds 11 76,953 (76,953) - 25,651 (25,651) -
Net movement in funds 207,892 (40,477) 167,415 66,457 251,275 317,732
Reconciliation of funds
Fund balances at 01 April 2022 151,560 273,637 425,197 85,103 22,362 107,465
Fund balances at 31 March 2023 11 359,452 233,160 592,612 151,560 273,637 425,197
----- End of picture text -----

The results for the year derive from continuing activities and there are no gains or losses other than those shown above.

The statement of financial activities incorporates the income and expenditure account.

Page 12

Voluntary Action North Somerset Limited - Company Registration Number: 03466492 Balance Sheet As at 31 March 2023

----- Start of picture text -----
Notes 2023 2022
£ £
Fixed assets
Tangible fixed assets 7 - -
Current assets
Debtors 8 271,922 226,078
Cash at bank and in hand 9 388,665 291,665
660,587 517,743
Creditors
Amounts falling due within one year 10 (67,975) (92,546)
Net current assets 592,612 425,197
Net assets 592,612 425,197
Funds
Unrestricted funds
General funds 11 336,584 128,692
Designated funds 11 22,868 22,868
359,452 151,560
Restricted funds 11 233,160 273,637
Net assets 592,612 425,197
----- End of picture text -----

These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

For the year in question, the charitable company was entitled to exemption from an audit under section 477 of the Companies Act 2006.

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

The trustees/directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the Board of Trustees for issue on 11 September 2023 and signed on their behalf by:

D Lloyd-Evans Trustee

N Salter Trustee

Page 13

Voluntary Action North Somerset Limited Statement of Cashflows For the Year Ended 31 March 2023

----- Start of picture text -----
Total Total
2023 2022
£ £
Notes
Cash flows from operating activities
Net movements in funds for the year 167,415 317,732
Adjustments to cash flows from non-cash items
Depreciation and amortisation 7 - -
Finance income 4 (1,146) (18)
166,269 317,714
Working capital adjustments
(Increase)/decrease in debtors 8 (45,844) (166,199)
Increase/(decrease) in creditors 10 (24,571) (63,541)
Net cash flow from operations 95,854 87,974
Cash flows from investing activities
Interest received 4 1,146 18
Net increase/(decrease) in cash and cash equivalents 97,000 87,992
Reconciliation of net debt
Cash and cash equivalents at the beginning of 291,665 203,673
the reporting period
Net increase/(decrease) in cash and cash equivalents 97,000 87,992
Cash and cash equivalents at the end of the 388,665 291,665
reporting period
----- End of picture text -----

Page 14

Voluntary Action North Somerset Limited Notes to the Financial Statements For the Year Ended 31 March 2023

1 Accounting Policies

1.1

General information and basis of accounting

Voluntary Action North Somerset is a company limited by guarantee incorporated in the United Kingdom under the Companies Act. The maximum liability of each member is limited to £10. The address of the registered office is given on page 2. The nature of the charity’s operations and its principal activities are set out in the Trustees report on pages 3-10.

The financial statements have been prepared in £ sterling on the historical cost basis and in accordance with 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)- (Charities SORP (FRS 102)) and the Companies Act 2006.

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

1.2

Income

All income is included in the Statement of Financial Activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income. The valuation of donated services is not quantified within the Statement of Financial Activities.

Donation income is received by way of general grants, donations and gifts and is included in full in the Statement of Financial Activities when receivable.

Income from grants, relating to specifically the provision of goods or services as part of charitable activities or services to clients are included in full in the Statement of Financial Activities when receivable and in the period in which they relate to. Grants are deferred when the monies have been received in advance of the period in which they relate to.

Other trading activities income includes income relating to fundraising and is included in the Statement of Financial Activities when receivable.

Investment income is included when receivable.

1.3

Government grants

Government grants are accounted for when unconditionally due and reasonable assurance can be gained that it will be received. Where funds are received in advance, for a specified period, these funds are deferred and recognised in the period to which they relate. Where funds have not been received in a specified period, these funds will be accrued in debtors and recognised in the period to which they relate. Not all grants received have conditions and performance indicators attached, where this is the case, the income is included within donations. Performance related grants are included within Charitable Activities income.

1.4 Donated services

In accordance with the Charities SORP (FRS 102), unpaid volunteer time is not recognised in the financial statements. Where services have been donated to the charity, these are recognised on the basis of the value of the gift to the charity, with a corresponding entry in both donations income and the relevant expenditure line.

Page 15

Voluntary Action North Somerset Limited Notes to the Financial Statements For the Year Ended 31 March 2023

1.5 Expenditure

Expenditure is recognised on an accruals basis as a liability is incurred. All expenditure is gross of VAT which cannot be recovered and is reported as part of the expenditure to which it relates.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services to its clients. Direct costs are allocated to such activities and those costs of an indirect nature necessary to support them are shown as contributions to core expenditure.

Other support costs include those costs associated with meeting the constitutional and statutory requirements of the charity.

1.6 Fixed assets

Depreciation is calculated to write off the cost of fixed assets over their estimated useful lives at the following rate:-

Fixtures and fittings – 20% per annum straight line basis

Fixed assets are valued at cost less depreciation.

1.7 Debtors

Accrued income is recognised at the settlement amount due and prepayments are valued at the amount prepaid.

1.8 Cash at bank and in hand

Cash at bank and in hand comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

1.9 Creditors

Creditors and provisions are recognised where the charity 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 recognised at their settlement amount.

1.10 Taxation

The organisation is a registered charity and is therefore not liable to corporation tax to the extent that income and gains are applied to the charitable objectives of the charity.

1.11 Pension contributions

The charity operates a defined contribution pension scheme. The scheme and its assets are held by independent managers. Contributions are recognised in the Statement of Financial Activities in the period in which they become payable in accordance with the rules of the scheme.

1.12 Allocation of costs

A pre-determined amount of overhead expenditure on each project is calculated and transferred from the project to overheads as a contribution.

Page 16

Voluntary Action North Somerset Limited Notes to the Financial Statements For the Year Ended 31 March 2023

1.13 Fund accounting

General funds are unrestricted funds receivable or generated for the objects of the charity without further specified purpose and are available as general funds.

Designated funds are unrestricted funds assigned for specific purposes by the trustees.

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets this criterion is charged to the fund, together with a fair allocation of management and support costs.

1.14 Operating leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Rentals payable under operating leases are charged to the Statement of Financial Activities as incurred over the term of the lease.

1.15 VAT

The charity is not VAT registered and therefore all costs are inclusive of VAT.

Page 17

Voluntary Action North Somerset Limited Notes to the Financial Statements For the Year Ended 31 March 2023

2 Donations and general grants

----- Start of picture text -----
Unre- Rest- Unre- Rest-
stricted ricted Total stricted ricted Total
funds funds 2023 funds funds 2022
Donations
Donations & gifts 10,025 8,088 18,113 - 466 466
10,025 8,088 18,113 - 466 466
The income above is made up of:
Received in year 10,025 8,088 18,113 - 466 466
Deferred income carried forward - - - - - -
10,025 8,088 18,113 - 466 466
----- End of picture text -----

Where grants are received in advance, for a specified period, these funds are deferred and recognised in the period to which they relate.

Page 18

Voluntary Action North Somerset Limited Notes to the Financial Statements For the Year Ended 31 March 2023

3 Incoming resources from charitable activities

----- Start of picture text -----
Rest- Unre- Rest-
Unre-stricted
ricted Total stricted ricted Total
funds funds 2023 funds funds 2022
£ £ £ £ £ £
Grants:
Ageing Well - 76,800 76,800 - - -
Befriending - 29,167 29,167 - - -
Big Lottery Fund / Reclaim - 133,116 133,116 - 30,176 30,176
Adult Social Care and CCG - - - 11,040 - 11,040
Capacity Builders - 7,000 7,000 - 151,700 151,700
Care Homes - 29,300 29,300 - - -
Children's Centres - - - - 19,324 19,324
Community Hubs - 41,417 41,417 - 44,463 44,463
Community Resilience 21,694 - 21,694 - - -
Social Lottery - - - - 7,000 7,000
Bridging the Gap - - - - 12,000 12,000
Equalities - 10,000 10,000 - 5,000 5,000
Infrastructure Development 27,598 - 27,598 - 27,598 27,598
C&YP Mental Health - - - - 11,667 11,667
North Somerset Community Directory 10,000 - 10,000 - - -
NSC Childrens Centre - 19,324 19,324 - - -
Mass Vaccination Centre 134,360 - 134,360 151,657 - 151,657
Mental Health Grants - - - - 33,181 33,181
PCC for Avon and Somerset - - - - 24,124 24,124
Pulse - - - - 5,000 5,000
Recovery Programme - - - - 22,000 22,000
Sirona Care - 30,860 30,860 - 32,490 32,490
SPF - 6,000 6,000 - - -
St Modwens - - - - 10,750 10,750
Step Forward - 56,900 56,900 - 36,000 36,000
Ukraine Relief - 48,122 48,122 - - -
193,652 488,006 681,658 162,697 472,473 635,170
----- End of picture text -----*

Continues Below:

Page 19

Voluntary Action North Somerset Limited Notes to the Financial Statements For the Year Ended 31 March 2023

----- Start of picture text -----
Rest- Unre- Rest-
Unre-stricted
ricted Total stricted ricted Total
funds funds 2023 funds funds 2022
£ £ £ £ £ £
Continued:
b/fwd amounts 193,652 488,006 681,658 162,697 472,473 635,170
Flax Bourton Hub 200 - 200 5,794 - 5,794
Long Ashton Community Association - - - 8,300 - 8,300
VCFSE Locality Lead Partnership - 60,000 60,000 - 60,000 60,000
Wellbeing - - - - 8,750 8,750
Other grants < £5,000 6,220 16,479 22,699 10,171 3,494 13,665
Other charitable activities:
Advertising services 1,150 - 1,150 1,400 - 1,400
Consultation, events & training 6,374 61 6,435 150 - 150
207,596 564,546 772,142 188,512 544,717 733,229
The income shown above is made up of:
Received in year 204,596 534,800 739,396 181,512 498,251 679,763
Deferred income brought forward 3,000 72,843 75,843 10,000 119,309 129,309
Deferred income carried forward - (43,097) (43,097) (3,000) (72,843) (75,843)
207,596 564,546 772,142 188,512 544,717 733,229
----- End of picture text -----*

Where grants are received in advance, for a specified period, these funds are deferred and recognised in the period to which they relate.

4 Investment income

----- Start of picture text -----
Unre- Rest- Unre- Rest-
stricted ricted Total stricted ricted Total
funds funds 2023 funds funds 2022
£ £ £ £ £ £
Bank interest 1,146 - 1,146 18 - 18
----- End of picture text -----

Page 20

Voluntary Action North Somerset Limited Notes to the Financial Statements For the Year Ended 31 March 2023

5
Charitable expenditure
Staff costs
Staff salaries
Consultancy
Training
Travel
HR service
Other staff costs
Infrastructure costs
Insurance
DBS
IT costs
Postage, printing and stationery
Rent and services charges
Telephone
Subscriptions
Direct project costs
Project costs
Grants provided
Finance and governance costs
Accountancy fees
Independent Examination fees
Legal and professional fees
Bank charges
Membership
Other costs
Advertising & recruitment
Work wear
Sundry expenses
Expenses
Team Kinetico
Volunteer activity
Volunteer travel
Contributions to core
expenditure		 Unres-
tricted
£
65,468
-
739
983
2,727
5,917
827
-
10,472
2,884
2,376
6,951
257
4,580
1,580
11,667
-
35
72
1,174
1,416
-
373
-
-
-
-
120,498
(32,670)
87,828		 Res-
tricted
£
280,280
10,000
560
6,406
-
5,389
-
-
25,096
13
-
-
-
125,323
50,401
-
-
-
-
-
-
-
20
-
-
-
-		 Total 2023
£
345,748
10,000
1,299
7,389
2,727
11,306
827
-
35,568
2,897
2,376
6,951
257
129,903
51,981
11,667
-
35
72
1,174
1,416
-
393
-
-
-
-
623,986
-
623,986		 Unres-
tricted
£
161,631
8,560
457
1
2,288
5,743
800
402
5,698
1,299
2,376
5,292
257
5,897
-
6,096
360
35
95
260
515
1,190
330
95
2,676
344
5,244		 Res-
tricted
£
111,693
1,500
-
1,140
-
1,820
-
-
1,397
-
-
122
-
80,318
-
-
-
-
-
-
50
-
-
-
-
-
-		 Total
2022
£
273,324
10,060
457
1,141
2,288
7,563
800
402
7,095
1,299
2,376
5,414
257
86,215
-
-
6,096
360
35
95
260
-
565
1,190
330
95
2,676
344
5,244
503,488
32,670		 217,941
(70,217)		 198,040
70,217		 415,981
-
536,158 147,724 268,257 415,981

All grants provided were to institutions (partner organisations) as part of the funding conditions (2022 – none).

Page 21

Voluntary Action North Somerset Limited Notes to the Financial Statements For the Year Ended 31 March 2023

----- Start of picture text -----
6 Employees and employment costs
2023 2022
£ £
Wages and salaries 313,069 247,698
Employer’s NI 27,715 21,131
Pension contributions 4,964 4,495
345,748 273,324
----- End of picture text -----

Defined contribution pension scheme.

The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £4,964 (2022: £4,495). Contributions totalling £1,096 (2022: £1,076) were payable to the scheme at the end of the year and are included in creditors.

No individual employee was paid over £60,000 (2022: none).

No remuneration was paid to any Trustees during the year (2022: none). No expenses were reimbursed to the Trustees by the charity during the year (2022: none).

The key management personnel of the charity is considered to be the Chief Executive. The total costs to the charity of employee benefits (including employers national insurance but not employer pension contributions) for the key management personnel were £59,754 (2022: £48,851).

The average monthly head count was 14 staff (2022: 11 staff).

Page 22

Voluntary Action North Somerset Limited Notes to the Financial Statements For the Year Ended 31 March 2023

----- Start of picture text -----
7 Tangible fixed assets
Fixtures &
Fittings Total
£ £
Cost
As at 01 April 2022 35,332 35,332
Additions - -
- -
Disposals
As at 31 March 2023 35,332 35,332
Depreciation
As at 01 April 2022 35,332 35,332
- -
Elimination on disposal
- -
Charge for year
As at 31 March 2023 35,332 35,332
Net book value
As at 31 March 2023 - -
As at 31 March 2022 - -
8 Debtors
2023 2022
£ £
Trade debtors 271,922 226,078
271,922 226,078
9 Cash at bank and in hand
2023 2022
£ £
Bank balances 388,665 291,665
388,665 291,665
----- End of picture text -----

Page 23

Voluntary Action North Somerset Limited Notes to the Financial Statements For the Year Ended 31 March 2023

10 Creditors: Amounts falling due within one year

----- Start of picture text -----
2023 2022
£ £
Trade creditors 1,802 3,564
Other creditors 16,056 11,519
Accruals & deferred income 50,117 77,463
67,975 92,546
Deferred income
2023 2022
£ £
Deferred income at 01 April 2022 75,843 147,407
Released from previous years (57,745) (74,564)
Resources deferred in the year 24,999 3,000
Deferred income at 31 March 2023 43,097 75,843
----- End of picture text -----

Where grants are received in advance, for a specified period, these funds are deferred and recognised in the period to which they relate.

Page 24

Voluntary Action North Somerset Limited Notes to the Financial Statements For the Year Ended 31 March 2023

11 Statement of funds

Unrestricted funds
General unrestricted funds		 Balance
01.04.22
£
128,692		 Income
£
218,767		 Expenditure
£
(87,828)		 Transfers
£
76,953		 Balance
31.03.23
£
336,584
Designated fund - integrated care 22,868 - - - 22,868
Total unrestricted funds
Restricted funds
Healing Hearing:
Reclaim Project
Bangladeshi Assocation
Ageing Well
Befriending
Bereavement - Bristol Uni
Capacity Builders
Community Hubs
Children & Young People's Group
Care Homes
Community Learning
Equalities
NAVCA - Cost of Living
NS children centre volunteer
co-ordinator
NHS BNSSG
Pulse
Refugees
Mental Health Grants
Sirona Care
Shared Prosperity Fund (SPF)
St Modwens
Step Forward / Recovery
Ukraine Relief
VCFSE Locality Lead Partnership
(LLP)
Total restricted funds
Total funds		 218,767
133,575
2,500
76,800
29,167
5,000
7,000
41,417
-
29,300
980
11,500
5,000
19,324
-
-
4,999
-
30,860
6,000
-
56,900
52,209
60,103
572,634
791,401
151,560 (87,828) 76,953 359,452
14,459
-
-
-
-
113,012
33,555
2,692
-
-
-
-
-
1,494
5,000
-
63,181
-
-
895
26,031
3,318
10,000		 (78,745)
(2,500)
(47,227)
(8,386)
(1,731)
(40,640)
(70,714)
-
-
-
(32,480)
(5,111)
(14,997)
-
-
(1,744)
(60,001)
(24,595)
(5,352)
(486)
(40,988)
(36,462)
(63,999)		 (15,460)
-
25,227
(2,114)
(3,269)
(61,272)
(4,258)
-
-
-
22,080
111
(4,327)
-
-
(175)
(3,180)
(6,265)
(510)
(409)
(8,312)
(8,820)
(6,000)		 53,829
-
54,800
18,667
-
18,100
-
2,692
29,300
980
1,100
-
-
1,494
5,000
3,080
-
-
138
-
33,631
10,245
104
273,637 (536,158) (76,953) 233,160
425,197 (623,986) - 592,612

Page 25

Voluntary Action North Somerset Limited Notes to the Financial Statements For the Year Ended 31 March 2023

11
Statement of funds- prior year		 11
Statement of funds- prior year
Unrestricted funds
General unrestricted funds
Designated fund - integrated care
Total unrestricted funds
Restricted funds
Healing Hearing:
Big Lottery
PCC for Avon & Somerset
Big Lottery Covid-19
Bridging the Gap
Capacity Builders
Community Hubs
Children & Young People's Group
Children's Centres Co-ordinator
Equalities
ICS Police
Infrastructure development
N. Som NHS Trust
Wellbeing
Social Lottery
N. Som Together Fund
NHS BNSSG
Pulse
Quartet CF - Covid Response
Mental Health Grants
Recovery Programme
Sirona Care
St Modwens
Step Forward
Ukraine Relief
VCS LLP
Total restricted funds
Total funds		 Balance
01.04.21
£
85,103
-		 Income
£
188,530
-
188,530
30,516
24,124
-
12,000
151,700
44,463
11,667
19,324
5,000
-
27,598
-
-
7,000
-
1,494
5,000
8,750
33,181
22,000
32,490
10,750
36,000
2,126
60,000
545,183
733,713		 Expenditure
£
(147,724)
-		 Transfers
£
2,783
22,868		 Balance
31.03.22
£
128,692
22,868
85,103 (147,724) 25,651 151,560
-
-
-
10,461
-
-
-
-
-
500
-
11,401
-
-
-
-
-
-
-
-
-
-
-
-
-		 (23,981)
(16,200)
(8,655)
(15,306)
(2,438)
(8,409)
(8,975)
(19,324)
(15,361)
(500)
(27,598)
-
(23,537)
(7,000)
(653)
-
-
-
-
(22,071)
(32,490)
(9,855)
(9,898)
-
(16,006)		 7,924
(7,924)
8,655
(7,155)
(36,250)
(2,499)
-
-
10,361
-
-
(11,401)
23,537
-
653
-
-
(8,750)
30,000
71
-
-
(71)
1,192
(33,994)		 14,459
-
-
-
113,012
33,555
2,692
-
-
-
-
-
-
-
-
1,494
5,000
-
63,181
-
-
895
26,031
3,318
10,000
22,362 (268,257) (25,651) 273,637
107,465 (415,981) - 425,197

Page 26

Voluntary Action North Somerset Limited Notes to the Financial Statements For the Year Ended 31 March 2023

Note – transfers have been made where funds have been released to core. These are either within the terms of the grant agreements/contracts or with the agreement of funders.

Page 27

Voluntary Action North Somerset Limited Notes to the Financial Statements For the Year Ended 31 March 2023

----- Start of picture text -----
12 Analysis of net assets between funds
Unre- Rest- Unre- Rest-
stricted ricted Total stricted ricted Total
funds funds 2023 funds funds 2022
£ £ £ £ £ £
Tangible assets - - - - - -
Current assets 234,073 426,514 660,587 171,263 346,480 517,743
Current liabilities (24,878) (43,097) (67,975) (19,703) (72,843) (92,546)
359,452 233,160 592,612 151,560 273,637 425,197
----- End of picture text -----

13 Financial commitments

At 31 March 2023 the charity was committed to making the following payments under non-cancellable operating leases:

----- Start of picture text -----
2023 2022
Land and Land and
buildings Other buildings Other
£ £ £ £
Less than 1 year - 1,512 594 1,512
1 – 5 years - 1,890 - 3,402
Greater than 5 years - - - -
- 3,402 594 4,914
----- End of picture text -----

14 Government grants

Income from government grants comprise grants made by local authorities to fund the principal activities and objectives of the charity via core funding and funding for specific restricted projects. No performance related grants recognised in income have had any unfulfilled conditions or any other contingencies attaching to them. See note 3 for more information.

15 Company limited by guarantee

The company was incorporated as a company limited by guarantee and has no share capital. The guarantee to the company is £10 per member on the winding up of the company. At 31 March 2023 the company had five members and the total amount guaranteed is therefore £50.

Page 28