2021-03-31-accounts - Southampton Voluntary Services

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

Contents		Page
Report ofthe Executive	Committee:	1-16
Independent Examiner	report
Statement offinancial activities		18
Balance sheet		19
Statement ofcash flows		20
Notes to the financial statements		21-31

	Male Hly Earnings	Male Hly Earnings	Female Hly Earnings	Difference	Single Figure Pay gap 96
Median		19.62	16,50	3.12	15.9%
Mean		19.62	19.62		0.00'Yo
ean male &female		hourly earnings by quartile:-
	Mean Male		Mean		Mean single
		Hly	Female Hly	Difference	figure pay	%Male	%Female
	Earnings		Earnings		gap 96
Quartile	1		28.84	-28.84		O'Yo	1009o
Quartile	2	19,62		19.62		100%	0%
Quartile	3		16.5	-16.5			100'Yo
Quartile	4		13.51	-13.51		0%	1009o

he year ended 31Ma	rch	202	1
					Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
					2021	2021	2021	2020
				Note		5		6
Income
Income from charitable		activities
				10	8,854	932,885	941,739	639,797
Income from other generated			funds:
Investment	income				2,306		2,306	3,383
Other income					39		39	485
					2,345		2,345	3,868
Total income				19	11199	932,885	944,084	643,665
Expenditure
Charitable activities:
General expenditure				t3	(38,141)	865,068	826,927	655,671
Pension scheme net	service		cost	3h	19,000		19,000	11000
Charitable activities	expenditure				(19,141)	865,068	845,927	666,671
Total expenditure				10	19,141	865,068	845,927	666,671
Net (expenditure)					30,340	67,817	98,157	(23,006)
Other recognised gains		and	losses
Actuarial gains on
defined benefit pension		schemes		3m	89,000		89,000	(105,000)
Net movement in funds					119,340	67,817	187,157	(128,006)
Reconciliation offunds
Total funds brought forward					972,294	233,925	1,206,219	1,334,225
Total funds carried forward				13, 14	1,091,634	301 742	1,393376	1,206,219

								Note	2021	2020
									6	6
Fixed assets
Tangible assets								4	616,760	645,419
Current assets
Debtors								s	159,232	61,953
Cash at bank and		in hand							985,898	902,777
									1,145,130	964,730
Liabilities
Creditors: amounts		falling		due within		one year		s	77,514	42,930
Net current assets									1,067 616	921,800
Net assets excluding		pension		liability					1,684,376	1,567,219
Defined benefit pension			scheme		liability			sg	291,000	361,000
Net assets including		pension		liability					1,393,376	1,206,219
The funds ofthe charity
Restricted funds								14	301,742	233,925
Unrestricted funds:
Designated								ts	1,295,729	1,295,729
General								ts	86,905	37,565
Unrestricted income funds				excluding		pension	reserve		1,382,634	1,333,294
Pension reserve								sg, 13	291,000	361,000
Total unrestricted	funds							13	1,091,634	972,294
Total charity funds									1,393,376	1,206,219

tatement o	fcash flows for	the year ended 3	1"March 2021
			Note	2021	2020
Cash used	in operating activities			80,815	32,370
Cash flows	from investing	activities
Investment	Income			2,306	3,383
Cash provided by investing		activities		2,306	3,383
(Decrease)	in cash in the year			83,121	35,753
Cash at the	beginning ofthe	year		902,777	867,024
Total cash	at the end ofthe	year		985,898	902,777

categorisation ofresources expended is that there is no Tangible fixed assets Tangible fixed assets are depreciated on a straight line	categorisation ofresources expended is that there is no Tangible fixed assets Tangible fixed assets are depreciated on a straight line	unallocated expenditure or 'support basis over their estimated useful live
Asset cate o		Useful life
Voluntary	Action Centre (VAC)	40 years
Office &	project equipment	5 - 20 years
Computer	equipment	2 years

econcili	ation offunded status to balance	sheet
		2021	2020	2019
		OOOO	5000	OOOO
Fair value ofassets		1,367	1,100	1,227
Present	value of liabilities	1,658	1,461	1,472
Pension	(liability)	291	361	245

mount r	ecognised	in incom	e statement
				2021	2020
				OOOO	EOOO
Current service cost				25	26
Interest cost				34	36
Interest income on assets				25	29
Expense	recognised			34	33
Expense	recognised	in:
Charitable	activities	—general	expenditure	15	22
Charitable	activities	—pension	scheme net service cost	19	11
				34	33

3(i)	Changes	to the present valu	e ofthe defined benefit oblig	ation
				2021	2020
				6000	f000
	Opening	defined benefit obligation		1,461	1,472
	Current	service cost		25	26
	Interest	expense on defined	benefit obligation	34	36
	Contributions by participants			5	4
	Actuarial	(gains)/losses on liabilities		160	(42)
	Net benefits paid out			(2'/)	(35)
	Closing	defined benefit obligation		1,658	1,461
3(j)	Changes	to the fair value of	assets
				2021	2020
				6000	6000
	Opening	fair value ofassets		1,100	1,227
	Interest	income on assets		25	29
	Remeasurement gains on assets			249	(147)
	Contributions by the employer			15	22
	Contributions by participants			5	4
	Net benefits paid out			(27)	(35)
	Closing	fair value ofassets		1 367	1,100
3(k)	Actual return on assets
				2021	2020
				6000	6000
	Interest	Income on assets		25	29
	Actuarial	gains on assets		249	147
	Actual return on assets			274	118

istory ofasset values, p	resent value of	liabilities and	gains/(losses)
	2021	2020	2019	2018	2017
	f000	F000	OOOO	f000	f000
Fair value ofassets	1,367	1,100	1,227	1,114	1,077
Present value of	1,658	1,461	1,472	1,432	1,400
liabilities
Deficit	291	361	245	318	323

mount	recognised	in as actuarial gains in pension	scheme
			2021	2020
			6000	f000
Asset gains/(losses)		in the year	249	(147)
Liability	losses/(gains) in the year		160	42
Amount	recognised	in SOFA	89	105

Tangible fixed assets	Tangible fixed assets
		Voluntary Action Centre	Office & J t equipment	Computer equipment	Tot I
			6	6
Cost:
As at 1 April 2020		1,220,093	151,767	119,635	1,491,495
Additions
As at 31	March 2021	1 220093	151767	119635	1,491,495
Depreciation:
As at 1 April 2020		581,067	145,374	119,635	846,076
Charged	in the year	26,527	2,132		28,659
As at 31	March 2021	607,594	147,506	119635	874,735
Net book	value:
As at 1 April 2020		639,026	6,393		645,419
As at 31	March 2021	612,499	4,261		616,760

	As at 31 March	As at 31 March	2021	2021		612,499	4,	261	616,760	616,760
	All fixed assets are		held at historic		cost.	Included	in Voluntary	Action	Centre is 8159,000 offreehold		land
	which has	not been	depreciated.
5	Debtors
									2021	2020
									6	f.
	Grants receivable								156,814	57,949
	Other debtors								2,418	4,004
									159,232	61,953
	All amounts	are due	within one year from			the balance sheet date.
6	Creditors:	amounts	falling due within			one year
									2021	2020
									6
	Trade creditors								955	41,090
	Accruals	8 Deferred		Income					76,559	1,840
									77,514	42,930
	Deferred	Income							2021	2020
									6
	Brought	Forward
	Amount	released	to	Income Resources
	Amount	Deferred	in	the year					65,000
									65,000
7	Analysis of Net Assets between				funds
										Pension
									Net current	scheme
							Fixed assets		assets	liability		Total
								6				F
	Restricted funds			14					301,742			301,742

Unrestricted funds:
Designated funds	13	612,499	683,230		1,295,729
General funds	13	4,261	82,644		86,905
Pension reserve	3g			291,000	291,000
At 31 March 2021		616,760	1,067,616	291,000	1,393376

									Pension
								Net current	scheme
							Fixed assets	assets	liability	Total
								F	E	E
Restricted funds								233,925		233,925
Unrestricted	funds:
Designated	funds			13			639,026	656,703		1,295,729
General funds				13			6,393	31,172		37,565
Pension reserve				3g					361,000	361,000
At 31 March	2020						645 419	921,800	361,000	1,206,219
Net (expenditure)		for the	year
								2021	2020
									5
Net (expenditure)		for the	year	is	stated after		charging:
Depreciation								28,659	28,659
Independent	Examination		(including			VAT)		1,100	1,140
Staff Costs								2021	2020
									6
Salaries and	wages							322,849	315,548
Social security costs								25,415	23,658
Pension costs:
HCC Pension Fund —			cash	basis				14,512	23,124
Stakeholder	scheme —matched				contributions			5,366	4,561
								368,142	366,891

Average num	ber	ofemployees:
				2021	2020
Project workers		(full time)		2	2
Management	and administration		(full time)	3	3
Project workers		(part time)		12	12
Management	&	Administration	(part time)	8	8
				25	25

come
		Unrestricted	Restricted	Total	Total
		funds E	funds E	2021 E	2020f
Unrestricted	income:
Southampton	City Council				63,707
Seed office		8,854		8,854	27,919
Restricted income (note 14):
Voluntary Sector Support Team			891,884	891,884	494,827
Shopmobility			41,002	41,002	53,344
		8,854	932,886	941,740	639,797

penditure
				Unrestricted	Restricted	Total	Total
				funds	funds	2021	2020
				E	E	E
Core management		8	support costs	(38,141)		(38,141)	93,364
Restricted	expenditure		(note 14):
Voluntary	Sector	Support Team			812,567	812,567	510,966
Shopmobility					52,502	52,502	51,341
				38,141	865,069	826,928	655,671

						At 1 Apr			At 31
					Note	2020	Movement	Transfers	Mar 2021
~Di	tdf		d			E	E.	E	E
VAC						639,026		(26,527)	612,499
Property						431,067		26,527	457,594
Staffing	reserve					142,636			142,636
Building		maintenance				30,000			30,000
Computer		and	office equipment			20,000			20,000
Legal						33,000			33000
						1,295,729			1,295,729
General	funds
General		reserve				37,565	49,340		86,905
Other funds
Pension		reserve			sg	361,000	70,000		291,000
Total unrestricted				funds		972,294	119340		1,091,634
						At 1 Apr			At 31
					rvote	2019	Movement	Transfers	Mar 2020
~Di	tdf		d			E	E	E
VAC						665,553		(26,527)	639,026
Property						404,540		26,527	431,067

otes to the Finan	cial Statements	for the	year ended 3	1March 2021
Staffing reserve			142,636		142,636
Building maintenance			30,000		30,000
Computer and office equipment			20,000		20,000
Legal			33,000		33,000
			1,295 229		1,295,729
General funds
General reserve			35,435	2,130	37,565
Other funds
Pension reserve		sg	245,000	116,000	361,000
Total unrestricted	funds		1 086,164	113,870	972,294

					At 1				At 31
					Apr	Incoming	Outgoing		Mar
					2019	resources	resources	Transfers	2020
Volunta Sector Su	ort				E	E	E	E	E
Community development			/capacity	building	94,181	74,071	(70,376)		97,876
Health					38,054		(881)		37,173
Voluntary sector training					39,355		(21,366)		17,989
Community Roots					31,319	12,090	(17,485)		25,924
Healthwatch consultation					22,951	184,191	(181,338)		25,804
Fairness Commission					2,747				2,747
Pippa					5,061				5,061
VAC contributions					12,410		(3,751)		8,659
SO Linked						224,475	(211,690)		12,785
Total —Voluntary Sector		Support		Team	246,078	494,827	(506,887)		234,018
~Pro'ects
Shopmobility —General		fund				38,268	(38,268)
Shopmobility —Charitable			and other funds		2,096	15,076	13,073		93
Subtotal —Shopmobility					(2,096)	53,344	(51,341)		(93)
Total —Projects					(2,096)	53,344	(51,341)		(93)
Transport grant funds					4,079		4,079
Subtotal- Other projects					4 079		4,079
					248,061	548,171	562307		233,925

Reconciliation of n	et	movement in funds to th	e net cash flow from operating acti	vities
			2021	2020
			E	E
Net Movement in funds			187,157	(128,006)
Add back depreciation		charge	28,659	28,659
Less Investment income			(2,306)	(3,383)
Pension Movement			(70,000)	116,000
Decrease/(Increase)	in	debtors	(97,279)	(10,444)
Increase in creditors			34,584	29,544

	Net cash used in operating	activities	activities					32,370
18	Financial Instruments
							2021f	2020f
	Financial assets
	Financial assets that are	measured		at amortised		cost	1,145,130	965,921
	Financial liabilities
	Financial liabilities measured		at amortised		cost		77,514	42 930

		Unrestricted	Restricted	Total
		Funds	Funds	Funds
				2020
Total	Income	95,494	548,171	643,665
Total	Expenditure	104,364	562,307	666,671