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2023-03-31-accounts

Charity registration number 1069957

Company registration number 03562830 (England and Wales)

VOLUNTEER CORNWALL

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

VOLUNTEER CORNWALL

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees H Childs
C Leyshon
L Emmett
P McGregor
R Hall (Appointed 19 October
2022)
J Popham
N Hughes
J Price (Appointed 19 October
2022)
M Leyshon
Secretary L Crook
Charity number 1069957
Company number 03562830
Principal address and registered office Acorn House
Heron Way
Newham
TRURO
Cornwall
TR1 2XN
Auditor RRL LLP
Peat House
Newham Road
TRURO
Cornwall
TR1 2DP
Bankers The Co-Operative Bank
PO Box 250
Delf House
Southway
Skelmersdale
WN8 6WT
Scottish Widows Bank
67 Morrison Street
Edinburgh
EH3 8YJ
CAF Bank Ltd
25 Kings Hall Avenue
Kings Hill
West Malling
Kent
ME19 4JQ

VOLUNTEER CORNWALL

LEGAL AND ADMINISTRATIVE INFORMATION

Solicitors

Foot Anstey LLP High Water House Malpas Road TRURO Cornwall TR1 1QH

VOLUNTEER CORNWALL

CONTENTS

Page
Trustees' report 1 - 15
Statement of trustees' responsibilities 16
Independent auditor's report 17 - 19
Statement of financial activities 20
Balance sheet 21
Statement of cash flows 22
Notes to the financial statements 23 - 40

VOLUNTEER CORNWALL

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2023

The trustees present their annual report and financial statements 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 governing document, the Companies Act 2006 and "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).

Objectives and activities

Volunteer Cornwall is a charity dedicated to building social capital and developing the wellbeing of the individuals and communities in Cornwall. It does this by working in partnership with a wide range of organisations to promote and support active citizenship and voluntary action covering the emotional, social, environmental and economic needs and opportunities in Cornwall.

Volunteer Cornwall’s objectives are to undertake voluntary work in health, social services and other similar charitable activities amongst those in need.

The trustees have paid due regard to guidance issued by the Charity Commission with regards to public benefit and in deciding what activities the charity should undertake.

VOLUNTEER CORNWALL

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Climate Emergency

In 2019 Volunteer Cornwall declared a “Climate Change Emergency”, in recognition of the intergovernmental panel of Climate Change (IPCC) report findings and the need to reduce global emissions by 2030.

Throughout our work, we consider our position in relation to our climate declaration.

Connecting and Supporting

We continue to strive to cultivate strong ties between individuals, organisations, sectors and places, and are currently working with organisations to create a structure which allows the community to determine their needs rather than established organisations.

With these groups we can maximise the resources available to each place to ensure that money is spent where the community feel there is a greater need.

Our support will help to assist people to access and participate in their community. As well as individuals, we encourage organisations to engage more local people in volunteering, to support the design and delivery services and to increase activities in communities to meet their local needs.

Strengthening

Through the work undertaken, we aim to strengthen and enhance the ability of organisations to maintain and optimise the delivery of services and activities. This, in turn, will help to increase the resilience of people and the sustainability of communities.

Improving

Volunteer Cornwall aims to support the development of the volunteers’ experience for the individual, and the opportunities provided by organisations and community groups.

Through our work, it is hoped that we can inspire people to achieve their potential and strengthen their physical and emotional wellbeing.

Values

The values set by Volunteer Cornwall as detailed below, are the way we behave to each other, our partners, our communities and within our environment. The focus of these values are directly related to our hope of achieving lasting outcomes for people and having a positive impact on communities:

Creative

Being creative and always exploring the “art of the possible”, to find solutions to the challenges Cornwall faces. Thinking ahead about potential issues that could impact on the resilience and wellbeing of people and the sustainability of communities. We want to be “doing” not just “talking”.

Caring

Being kind and having compassion for people we work with, both inside and outside our organisation. Seeking to understand the issues that may cause people to worry. Having respect and empathy for all people, living creatures and the world in which we live.

Collaborative

Looking for every opportunity to improve outcomes and impacts by cooperating with people and organisations. Understanding the connections within the system and the positive impact collaboration can have on people and communities. Act with honesty and integrity when working with local people and partner organisations. Build trusted relationships with people and organisations.

Challenging

Be passionate and bold about the work that we do and open to new possibilities. Challenge ourselves, and others to do better and work positively with people and partners to identify ways to improve services. Focus on the mission of the organisation challenging established practices in order to achieve a sustained outcome.

VOLUNTEER CORNWALL

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Working in Partnership

Volunteer Cornwall will always try and respond to new challenges in society, whether it being working with vulnerable groups or building community capacity, this is always achieved in partnership with other organisations.

We see it as important to support the community response to crisis, such as severe weather, pandemics, addressing cost of living and economic crisis.

Our work around the cost-of-living crisis has seen us working with both the NHS and local government to ensure that much needed funds are placed in the communities of those most in need, or to the individuals themselves. Not just by offering financial aid, but also through offering help and support through community groups to try and alleviate problems reoccurring.

Achievements and performance

Introduction

Our teams on the ground, work closely together under the strategic direction of the Support and Development Manager. This close relationship leads to a great deal of interaction and cross-fertilisation of ideas.

At the end of last year, we were changing the approach of our teams, from being project driven to a more place based, combined approach, where the projects worked on the requirements of the community and the locations needs, rather than any other criteria. This approach has led to the teams being more aware of the needs and wants of the community and targeting the limited financial resources available to target these issues and not spending funds on those items which don’t benefit the community.

This approach has changed our working practices, and has created three location-based teams, covering East, Central and West Cornwall, this is to align with the Integrated Care Areas (ICAs), of the Integrated Care System (ICS).

Each team consists of two Community Makers (developing social capital in the localities), a Community Care Maker (supporting individuals with health or care needs) and a Community Volunteer Co-ordinator (increasing the number of volunteers and sharing capacity in communities).

The teams supported the development of 44 Community Hubs in the year and work through several which are run by grass-roots groups, and are used in conjunction with other organisations, both NHS and charities to provide help and advice to those who attend.

A key part of what we do is based around personalisation to address needs and aspiration of individuals and families in the context of the community in which they live. We always start from the perspective of the person we are supporting, taking a holistic approach to identify their issues, and developing solutions for them, which they will be happy to engage with.

Volunteer Cornwall’s East Team

Joey Cross Community Volunteer Co-ordinator Jayne Roycroft Community Maker (job share) Laura Chapman Community Maker (job share) Penny Stevenson Community Maker Sarah Gray Community Care Maker

Volunteer Cornwall’s Central Team

Vacancy Community Volunteer Co-ordinator Bill Davies Community Maker Carolyn Trevethick Community Maker Kate McKenzie Community Care Maker

VOLUNTEER CORNWALL

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Volunteer Cornwall’s West Team

Judy Thomas Community Volunteer Co-ordinator Josh Clark Community Maker Annette Eatock Community Maker (job share) Philippa Macmeikan Community Maker (job share) Sarah Jenner Community Care Maker

Each role is unique within the team, and together they provide help and support to not only our clients, communities and partners but also to each other.

The Community Volunteer Co-ordinators are in place to recruit, support and deploy volunteers across the whole of Cornwall. In addition to the recruitment of volunteers, the Community Volunteer Co-ordinators are in place to offer advice and support to smaller grass-roots organisations looking to recruit and deploy volunteers.

Volunteers are used by each project to deliver non-clinical outcomes, be it supporting stroke survivors to relearn skills, or being a regular visitor to someone to make a cup of tea and have a chat, to try to mitigate loneliness and isolation. Each project requires different skills, so those listed here are a very small idea of the services provided.

The skills of the individual volunteers, and their personal interests are put to good use within their own community and with the individuals they support.

These actions and the services provided by Volunteer Cornwall can reduce the demands on the NHS and social care services, which frees these services up to focus on more acute cases.

For last year the Community Volunteer Co-ordinators achieved the following:

East Central West Total
Volunteers Recruited 35 63 47 145
Volunteers Retained 388 824 431 1,643
Clients Referred 193 321 41 555
Clients Supported 493 458 749 1,700
Total Clients 1,614 2,868 2,527 7,009

The Community Maker role is about developing connections with people, organisations and communities building strong supportive networks across communities and between localities. They are there to support people to build their confidence and connections with others, as well as the community around them.

They support organisations to understand, build and strengthen the links that exist within the networks in communities, gather and disseminate intelligence about what is happening in their locality and to assist the communities to build social capital, to be more supportive and resilient.

For the North & East area, the main achievements this year are:

VOLUNTEER CORNWALL

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Within the Central area, the main achievements this year are:

For the West area, the main achievements this year are:

The Community Care Makers aim to support health and social care services in looking for alternative options to packages of care. This includes supporting people to increase their independence at home or get them home from hospital. The team needs to be creative in how they do this, offering a bespoke service based on the individual’s circumstances.

The Community Care Makers work closely with STEPS, Adult Social Care and Corserve Care to ensure that the maximum amount of people can be helped in the most appropriate way for their needs. This may include signposting people to those organisations which operate through the community hubs.

For the East, the main achievements this year are:

Within Central area, the main achievements are:

For the West area, the main achievements are:

VOLUNTEER CORNWALL

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Training and Development Team

Currently the training team works with four awarding bodies, ILM (Institute of Management), NOCN, NUCO and AQA. These courses have delivered Information, Advice and Guidance, Quality Assurance, Safeguarding, and Leadership and Management.

A new course this year being offered is the “Lifelong” accredited level 3 Safeguarding course, which has been offered to the voluntary sector and volunteers.

During this financial year, we have achieved:

For more information, please contact: mariannew@volunteercornwall.org.uk

Climate and Ecological Emergency

There has been a lot of change during this financial year, which has expanded the work we undertake and the areas we are covering.

Some of the main changes for the year include:

With this achievement so far, we have been asked to expand into the region and develop a regional network by Greener NHS SW. In addition, we have secured funding from the Integrated Care Board for next four years, plus three Integrated Care Area leads and a further Project Officer.

For more information, please contact: mandab@volunteercornwall.org.uk

Stroke Befriending

The Stroke Befriending service has been commissioned by the NHS since 2018. This service offers a specialist befriending service for individuals who have experienced a stroke.

Our volunteers offer companionship and conversation, emotional support, hope, direction or motivation, along with words of encouragements.

Individuals who are referred into the service are visited by a Co-ordinator before being matched with a suitable volunteer who then visits, either face to face in their homes or in a community-based venue, typically for six visits.

For more information on this project, please contact Jayne Devlin: Jayned@volunteercornwall.org.uk

High Intensity User (HIU) Service

In the previous financial year, this project secured mainstream funding. This ensures that Volunteer Cornwall, and our partners, Pentreath Ltd, Cornwall MIND, and Chaos Group have been awarded an ongoing contract to support those who utilise the 999 and Emergency Department services at a higher than anticipated level.

VOLUNTEER CORNWALL

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

The aim of this project is to meet individual needs and aspirations which then reduces ambulance usage, emergency department attendances, non-elective admissions and bed days whilst the lasting outcome is that we help people change their lives for the better.

Clients of this project can be anyone living in Cornwall, as anyone can become an intensive user of services for any number of reasons, either physical or emotional or indeed both.

The support provided for each client is very different and is tailored for their needs and wants and abilities at the time.

Due to the project manager leaving Volunteer Cornwall before the start of quarter 4, the figures below relate to quarters 1 to 3 only.

Total number of people supported 105
Acute – new clients 88
Discharged 22
Declined offer of help or uncontactable 20
Mental Health Referrals 40

For additional information on this project, please contact Andy Brelsford: andyb@volunteercornwall.org.uk

Early Help Hub VCS Engagement Co-ordinator

The Early Help Hub VCS Engagement Co-ordinator role is based in the Together for Families, Early Help Hub. This role acts as a conduit of information between services, front line workers and families.

This is achieved by building relationships with VCS groups and organisations and sharing the information received with the Contact Worker team in the hub and wider Children’s Services.

The project enables the team to support groups and organisations to set up and develop by providing information, locating funding and making introductions between VCS organisations to create collaborations.

Following are some of the highlights of this year:

To learn more about this project, please contact Becky Higgins: beckyh@volunteercornwall.org.uk

Social Prescribing

This was the final year of the project jointly funded initially by the Department of Health and Public Health Cornwall, and then continued in latter years with funding just from Public Health Cornwall.

The project successfully completed the test and learn Social Prescribing Community Development Worker contract. This hybrid role was very well received and dovetailed beautifully with the Social Prescribing Link Workers and Community Maker roles.

There were 30 asset maps completed covering Cornwall (each Social Prescribing Community Development Worker had an area – 5 per worker).

The workers arranged and delivered groups and activities, some of which were partially delivered by the Social Prescribing Community Development Worker and other trained professionals.

To date, 128 completed in total, as one adviser is still in contract until June 2023, due to a late start.

VOLUNTEER CORNWALL

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

This work also supported 35 Community Hubs and in turn recorded 1,097 interventions (NB - some individuals attended several different sessions.)

Sessions included Domestic Abuse and Violence Stroke Association Talking Therapies (IAPT) Advocacy People

As well as the sessions, three newsletters were produced and distributed to a growing audience.

To highlight the achievements of this project, the Social Prescribing Co-Ordinator, was one of the National Association of Social Prescribing Champions for the year and attended the national conference in London in March 2023.

If you would like to learn more about this project, please contact Julie Pollard: juliep@volunteercornwall.org.uk

Smartline

This project was originally scheduled to finish in March 2022, but our participation was extended for another nine months to December 2022.

By the end of our participation, the project had supported 120 individuals and 8 groups within the Camborne, Pool, Illogan and Redruth areas to see how technology could be used to help live healthier and happier lives.

Household Support Fund

£115,000 of funding was received from Cornwall Council, as part of the larger grant from Central Government, to help households with current cost of living crisis.

Volunteer Cornwall used this fund to support a total of 873 households, which are split as 582 households with children, 55 pensioner and 236 other households.

The funds were used to pay a wide range of expenses, from supermarket vouchers to provide food and clothing for a household, energy and water bills, rent and electrical goods to reduce the consumption of energy or water, or to allow other external costs to be reduced.

As part of this programme of work, there was signposting and support available around debt management and money management for those who needed it.

Community Transport

It has been another busy year for the transport department, particularly around the recruitment and retention of our volunteer drivers. We are not alone in this it would seem, many other organisations around the country are experiencing the same issue. Unfortunately, due to this we have not been able to help quite as many people as we would have liked. However, all our drivers continue to work tirelessly to help everyone they can, for which Volunteer Cornwall, and the communities around Cornwall are incredibly grateful.

This year we undertook 491,623 miles on behalf of 15,434 passengers, which is a drop on last year, but still averages out at 32 miles per passenger journey.

A great deal of our work has been with partner charities, transporting young adults to various events organised by these groups. The largest of these events was a Christmas party held by Carefree, which involved transporting forty young people from across Cornwall to the venue in Truro. The transport team worked together to organise each of the passengers, sorting them into suitable routes for each of the 19 drivers that were used to complete the booking. Despite this logistical challenge, the project went ahead smoothly and without a single hitch and the young people had a great time.

VOLUNTEER CORNWALL

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

The feedback from our drivers was very positive as they were also included in the event and they enjoyed the experience.

We would like to take this opportunity to thank all our dedicated drivers for their time and selfless actions, without whom, Volunteer Cornwall’s transport network could not function.

Financial review

The detailed results are set out on pages 20 - 40. Volunteer Cornwall’s main sources of income are:

As with all charities, income is not guaranteed and as such Volunteer Cornwall always operates against a background of uncertainty.

Much of our project income is on a short-term contract basis, which generally is reviewed year on year. This can lead to projects being stopped with relevantly short or no notice.

Training income is very much based on ensuring that the courses provided are what the market is looking for and are costed at an affordable rate as many of our participants are charities and charity workers themselves.

Fundraising Policy

As an organisation Volunteer Cornwall receives its funding from public sector bodies, and other local and national organisations. There is also trading income from our training and transport departments, however, Volunteer Cornwall does not fundraise directly or indirectly with the general public. Therefore, we make no use of professional fundraisers, nor directly approach individuals or organisations for funding.

Grant Making Policy

All grants paid by Volunteer Cornwall comply with guidance issued by third party funders, as Volunteer Cornwall does not pay grants in their own right.

Reserves Surplus

After transfers, the unrestricted reserves show a surplus for the year of £37,868 (2022: £82,917).

After transfers, the restricted reserves show a surplus for the year of £676,782 (2022: £87,931).

Going Concern Assessment

At the end of the financial year, there were no issues which would affect the operations of the organisation. Whilst, as with all charities, funding is a general area of concern, the budgeting and risk management strategies of the organisation has led the trustees to confirm that there are no issues, of which they are aware, which may affect the continuation of Volunteer Cornwall for the forseeable future.

Related Parties

Trustees and key staff have confirmed, in writing, that there are no related party transactions for this financial year.

VOLUNTEER CORNWALL

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Reserve Policy

The Directors/Trustees understand that they have a duty to ensure that all resources available to them are used as effectively as possible for the furtherance of Volunteer Cornwall’s objectives and to comply with any guidance issued by the funding body for the use of the funds.

Volunteer Cornwall has a formal reserves policy and the Directors/Trustees consider that the current level of reserves is adequate to ensure the following:

Future Activities

The Chief Executive, Support and Development Manager and the Board of Directors are constantly exploring new opportunities to ensure the viability of Volunteer Cornwall meeting its charitable objectives.

Using this strategy has been successful and has led to new contracts being secured, although their duration is sometimes for one year initially.

The Transport team is self-financing but has experienced a downturn in activity, partly due to a reduced number of people wishing to volunteer, which is a national problem.

VOLUNTEER CORNWALL

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Levels of Reserves

Volunteer Cornwall Development/Information Technology

The server was replaced in 2017/2018 and was upgraded in 2021/2022, however due to the age of the server, the current support organisation has advised that the support can only continue for one more year.

The decision has been made that the funds in this reserve will be used to replace the physical server with a cloudbased approach, which should make our remote connectivity easier for all staff members.

This fund has been set up to meet the costs incurred with this transfer of systems which will occur in 2023/2024.

Changes in Activity and Exit and Downturn Strategy

This fund was created to cover the possibility of Covid creating the need for a serious reduction of our staffing levels due to the cessation or reduction of any of our projects. The aim of this fund was to cover redundancy costs if the need arose.

Whilst the threat from Covid has diminished, it has been replaced with a cost-of-living crisis which has led to some funders looking more closely at the projects they are undertaking and how they are funding them.

This fund is in place to cover any decisions which are taken by funders to reduce or stop projects due to financial pressures to allow us to either continue employment for a short period until other funding is found or to cover redundancy costs.

This fund has had a slight increase in 2022/2023 to £124,252 from the 2021/2022 level of £122,234.

Climate Emergency

In 2019, the Board took the decision to declare a climate emergency and allocated £30,000 from Volunteer Cornwall reserves as our commitment to this.

Work started on this project through the education of our own staff and reviewing our current environment. In addition, work is underway to share knowledge and practice with VCSE partners locally and national.

Whilst not a great deal of direct work has been undertaken for Volunteer Cornwall this year, the team has grown four-fold and is now working closely with the NHS to help with tacking their climate responsibilities.

This designed reserve fell slightly to £20,323 from £21,733.

Premises

Volunteer Cornwall owns its offices at Acorn House. It currently does not have any other rented desk spaces in any other locations.

This fund has been allocated to cover all expenses incurred in the upkeep and maintenance of the building and to ensure that funds are available for any “unexpected” expenses.

It has been agreed to increase this fund from £8,900 to £10,000 to ensure that most costs which are not anticipated can be covered through reserves.

Property

The capital cost of Acorn House and its fixtures and fitting are held in this fund. A total of £448,878 is held in this designated reserve for this purpose.

This is not a cash balance.

VOLUNTEER CORNWALL

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Volunteer Infrastructure Support

In the past, Volunteer Cornwall has always supported the Volunteer Infrastructure from unrestricted reserves.

For the second year in a row, no funds have been allocated from this fund, leaving a designated reserve value of £39,567.

Review of Reserves

The Directors/Trustees will review the allocation of the reserves and their specific purposes on an annual basis. This is in line with Volunteer Cornwall’s ongoing long-term plans and development.

This review is to ensure that the organisation maximises the safe returns available on its monies. It will also confirm that the level of reserves held are justified and sufficient for the organisations’ purposes.

Restricted Reserves
Designated Reserves
Unrestricted Reserves		 2022/2023
£1,221,695
£ 672,004
£ 253,732		 2021/2022
£ 544,913
£ 671,145
£ 216,723

The level of free reserves held by the charity as at 31 March 2023 was £243,779.

The Directors/Trustees have reviewed these reserves and confirm that the levels are acceptable to meet the longterm objectives of the organisation.

There are no events which have occurred since the end of the financial year, that would materially affect the position of the organisation.

Funds received as Agent.

A new item has been added to our balance sheet this year for funds held on behalf of third parties.

Volunteer Cornwall has no discretion regarding the use of these funds and very strict criteria has been specified as to what the funds are to be use for and how they are to be allocated and spent.

The current fund held are:

ent fund held are:
West Cornwall Integrated Care Board £162,992
NHS Cornwall and Isles of Scilly Integrated Care Board £700,000
West Cornwall Integrated Care Board £ 97,000
Watergate Primary Care Network £ 3,500

Investment Policy

The charity sometimes needs to react quickly to its funding requirements and has a policy of keeping any surplus liquidity in short-term deposits that can be accessed readily.

Information Technology

Volunteer Cornwall continues to endeavour to obtain the maximum benefit and effectiveness from Information Technology.

Quality Standards

It is the ongoing aim of the directors and staff to work together in developing and refining systems and procedures which will enable the delivery and management of our services to a standard that exceeds the expectations of our clients. It is important that the organisation achieves an appropriate and relevant quality standard and to that aim the PQASSO quality standard was achieved to give us “Trusted Charity Status”.

VOLUNTEER CORNWALL

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Data Security and Protection

In compliance with our NHS contracts and as a measure of good practice, Volunteer Cornwall has submitted its NHS Data Security and Protection Toolkit at the end of March 2023.

This has led to us achieving the annual accreditation needed for these contracts.

Plans for future periods

Volunteer Cornwall’s Chair and trustees discuss the future direction of the charity at scheduled formal board meetings as well as having regular meetings with the management team. The trustees have been pleased with the exceptional work to date and the progress made on all fronts, particularly with collaboration across the VCSE and with public partners. Of note has been the developments dealing with the Climate Emergency and the embedding of this work in communities and with NHS partners. The lessons learnt from all this activity will enable us to influence our own activities and those of our partners.

Dealing with the Climate Emergency and Biodiversity loss remains an important objective for the forthcoming years and work will continue around the four key principles of Connecting, Supporting, Strengthening and Improving the work we do with and across Cornwall’s communities.

Over the next three years Volunteer Cornwall will:

Structure, governance and management

Volunteer Cornwall is a company, limited by guarantee and is governed by our Memorandum and Articles of Association dated 13th May 1998.

In addition, Volunteer Cornwall is also a registered charity with the Charities Commission. This registration has been in place since 8th June 1998.

VOLUNTEER CORNWALL

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

N Walden (Resigned 19 October 2022) H Childs C Leyshon L Emmett P McGregor R Hall (Appointed 19 October 2022) J Popham N Hughes J Price (Appointed 19 October 2022) M Leyshon E Rowse (Resigned 19 October 2022)

Recruitment and appointment of Trustees

The Board of Trustees must ensure that the members of the Board hold the relevant skills needed to allow Volunteer Cornwall to continue to carry out its mission statement, aims and objectives.

Individual trustees and staff identify potential Board Members mainly by word-of-mouth recommendations. Details of vacancies are also posted on our website: www.volunteercornwall.org.uk

All new trustees are elected and appointed at the Annual General Meeting.

The Board of Trustees meets on a quarterly basis, dates are provided for the following year at the Annual General Meeting.

In addition to the quarterly Board meetings, meetings are held by the Risk and Finance Committee, Data Security and Protection Committee and Safeguarding Committee on a regular basis and the findings of these committees are submitted to the Board for approval.

The day-to-day management of Volunteer Cornwall is delegated to the Chief Executive and paid staff.

Board members are available to paid staff at any time to discuss issues as and when they occur.

Current Organisational Structure

Chief Executive Ian Jones Accounts and Administration Manager Lisa Crook Support & Development Manager Andy Brelsford HR Manager and PA to CE Mary Baldwin

The induction of all new members of the Board of Trustees is the collective responsibility of the Board of Trustees with the assistance of the Chief Executive Officer.

At the first Board meeting, a trustee is nominated to mentor the new trustee for as long as is necessary and all new Board members are expected to complete the following activities during their first year in office.

At the end of the first year, an informal meeting with the Chair and Chief Executive is arranged to discuss the induction process. Emphasis is given to the main skill areas that the new trustee wishes to offer Volunteer Cornwall and identify any support or training that may be required.

VOLUNTEER CORNWALL

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Pay Policy for Senior Staff

The pay for all staff, including senior staff, is linked to the National Joint Council (NJC) for Local Government Services pay scales. The pay of senior staff is therefore reviewed annually, and if applicable, increased in accordance with the recommendations of these scales.

The remuneration level of senior staff within the NJC scales is determined by the Board of Trustees.

Risk Management

The Volunteer Cornwall risk management policy and register are reviewed regularly and presented on a quarterly basis to the Board as a standing item on the agenda to detail any variations or adjustments.

As with all charities, funding is one of our major risks, which Volunteer Cornwall tries to mitigate with robust future planning and creating positive relationships with funders and other partner organisations.

Auditor

In accordance with the company's articles, a resolution proposing that RRL LLP be reappointed as auditor of the charity will be put at a General Meeting.

This report has been prepared in accordance with the special provision of Part 15 of the Companies Act 2006 relating to small companies.

Disclosure of information to auditor

In so far as the directors are aware, there is no relevant audit information of which the Company’s Auditors are unaware, and they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the Company’s Auditors are aware of that information.

The trustees' report was approved by the Board of Trustees.

J Price

Trustee

16 September 2023

VOLUNTEER CORNWALL

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2023

The charity trustees (who are also directors of Volunteer Cornwall for the purpose of company law) are responsible for preparing a trustee’s annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the charity trustees to prepare financial statements for each year which gives a true and fair view of the of the charitable company and of the incoming resources and application of resources, including income and expenditure, of the company for that period. In preparing the 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 to enable it to ensure that the financial statements comply with the Companies Act 2006 and the Charities Act, 2011. They have general responsibility for taking such steps as reasonably open to them to safeguard the assets of the charitable company and to prevent and detect fraud and other irregularities.

VOLUNTEER CORNWALL

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF VOLUNTEER CORNWALL

Opinion

We have audited the financial statements of Volunteer Cornwall (the ‘charity’) for the year ended 31 March 2023 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is 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).

In our opinion, the financial statements:

Basis for 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 charity 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

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

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 contained within the annual report. 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. 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 course of 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 this gives rise to a material misstatement in the financial statements themselves. 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.

Opinions on other matters prescribed by the Companies Act 2006

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

VOLUNTEER CORNWALL

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF VOLUNTEER CORNWALL

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report included within the trustees' report.

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

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charity for the purpose 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 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 related 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 responsibilities for the audit of the 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 an auditor's report 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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.

As part of our audit work, we obtained an understanding of the legal and regulatory frameworks applicable to the charity and the sector in which they operate. We determined that the laws and regulations surrounding the safeguarding of vulnerable groups, health & safety, driver training and data security were most significant to the charity as well as the laws and regulations that have a direct impact on the preparation of the financial statements such as the Charities Act 2011, the Companies Act 2006 and compliance with the Charities Statement of Recommended Practice.

The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below:

VOLUNTEER CORNWALL

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF VOLUNTEER CORNWALL

We also communicate relevant identified laws and regulations and potential fraud risk to all engagement team members and remain alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

Our audit approach also considered the opportunities and incentives that may exist within the charitable company for fraud and identified the greatest potential for fraud being in respect of cut off and completion risk around revenue recognition. Under ISA (UK) we are also required to undertake procedures to respond to the risk of management override of controls. Our procedures included the following:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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

Use of our report

This report is made solely to the charitable company'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 charitable company's members those matters we are required to state to them in an auditor's 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 charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Josh Stevens ACA (Senior Statutory Auditor) for and on behalf of RRL LLP 14 November 2023

Chartered Accountants Statutory Auditor

Peat House Newham Road TRURO Cornwall TR1 2DP

VOLUNTEER CORNWALL

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2023

Unrestricted
Restricted
funds
funds
2023
2023
Notes
£
£
Income from:
Donations and
legacies
3
415
270
Charitable activities
4
374,422
2,635,886
Other trading
activities
5
3,751
-
Investments
6
596
-
Total income
379,184
2,636,156
Expenditure on:
Charitable activities
7
560,273
1,740,417
Net (outgoing)/incoming
resources before
transfers
(181,089)
895,739
Gross transfers
between funds
218,957
(218,957)
Net income for the year/
Net movement in funds
37,868
676,782
Fund balances at 1 April
2022
887,868
544,913
Fund balances at 31
March 2023
925,736
1,221,695		 Total
Unrestricted
Restricted
funds
funds
2023
2022
2022
£
£
£
685
2,319
3,334
3,010,308
416,293
1,904,231
3,751
-
-
596
-
-
3,015,340
418,612
1,907,565
2,300,690
575,678
1,579,651
714,650
(157,066)
327,914
-
239,983
(239,983)
714,650
82,917
87,931
1,432,781
804,951
456,982
2,147,431
887,868
544,913		 Total
2022
£
5,653
2,320,524
-
-
2,326,177
2,155,329
170,848
-
170,848
1,261,933
1,432,781

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

VOLUNTEER CORNWALL

BALANCE SHEET

AS AT 31 MARCH 2023

2023
Notes
£
£
Fixed assets
Intangible assets
12
4,215
Tangible assets
13
457,658
Investments
14
500
462,373
Current assets
Debtors
15
277,071
Cash at bank and in hand
2,701,861
2,978,932
Creditors: amounts falling due within
one year
16
(1,293,874)
Net current assets
1,685,058
Total assets less current liabilities
2,147,431
Income funds
Restricted funds
18
1,221,695
Unrestricted funds
Designated funds
19
672,004
General unrestricted funds
253,732
925,736
2,147,431		 2022
£
£
5,620
470,678
500
476,798
565,073
995,143
1,560,216
(604,233)
955,983
1,432,781
544,913
671,145
216,723
887,868
1,432,781		 2022
£
£
5,620
470,678
500
476,798
565,073
995,143
1,560,216
(604,233)
955,983
1,432,781
544,913
671,145
216,723
887,868
1,432,781
476,798
955,983
1,432,781
544,913
887,868
1,432,781

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 16 September 2023

J Price Trustee

Company registration number 03562830

VOLUNTEER CORNWALL

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023

Notes
Cash flows from operating activities
Cash generated from operations
23
Investing activities
Purchase of intangible assets
Purchase of tangible fixed assets
Proceeds from disposal of tangible fixed
assets
Investment income received
Net cash used in investing activities
Net cash used in financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2023
£
£
1,708,113
-
(1,991)
-
596
(1,395)
-
1,706,718
995,143
2,701,861		 2022
£
£
234,198
(6,500)
(7,553)
10,000
-
(4,053)
-
230,145
764,998
995,143

VOLUNTEER CORNWALL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

Charity information

The Company is incorporated as a limited by guarantee company under the Companies Act 2006. In the event of winding up, every member is liable to contribute a sum not exceeding £1 per member towards the debts and liabilities of the company and the costs, charges and expenses of winding up. At 31 March 2022, there were 9 members (2022: 9).

1.1 Accounting convention

The financial statements have been prepared in accordance with the the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

The trustees are satisfied that the going concern basis of preparation is appropriate. In reaching this conclusion the directors, having made all necessary enquiries, have considered the level of cash reserves at the balance sheet date and post year end. The charitable company remains committed to its projects and activities with grant funding relating to next year having already been secured.

At the year end the charity had £2,701,861 in the bank and unrestricted reserves of £925,736 which is sufficient to cover the most prudent forecast position.

After due consideration of these factors, the trustees are satisfied that the company will be able to operate within their available facilities and continue as a going concern for the foreseeable future - being a period of no less than 12 months from the date of approval of these financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

VOLUNTEER CORNWALL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

(Continued)

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Grants receivable are recognised in the Statement of Financial Activities in the year to which they relate. Grants are deferred when they relate to a specified future period. They may be repayable in certain circumstances.

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Costs are directly attributable to specific activities or projects. Where this is not possible costs are apportioned. This apportionment will vary depending on the practicality and the type of activity or project involved. With project support costs this apportionment will not normally exceed 15% of the total value of the project or activity. Office costs and property related costs are apportioned based on agreed amounts per funding contracts and any further negotiations to reflect staff time and resource consumption for the project. Staff costs are apportioned based on an estimate of the proportion of time spent by staff on particular activities or projects.

1.6 Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Website 25% reducing balance

1.7 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Freehold buildings 50 years Fixtures and fittings 15 years Computer Equipment 4 - 5 years

Land is not depreciated.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

Equipment purchased for restricted projects is charged to resources expended in the year of acquisition on the basis that the assets concerned will need to be returned at the end of the project.

VOLUNTEER CORNWALL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

(Continued)

1.8 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.9 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.10 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.11 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

VOLUNTEER CORNWALL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

(Continued)

1.12 Taxation

The Charity is partially exempt for VAT purposes. The charity's activities are a mixture of standard rate, exempt and non-business for VAT purposes. A large number of activities are classified as non-business and therefore outside the scope of VAT. This means that the input tax incurred on the purchases for these projects cannot be reclaimed and has been absorbed within the activities.

1.13 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.14 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and legacies

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2023 2023 2023 2022 2022 2022
£ £ £ £ £ £
Donations and gifts 415 270 685 2,319 3,334 5,653

Charitable activities Transport
Training
Projects
Total
Transport
Training
Projects
Other
Total		 2023
2022		 2023
2023
2023
2022
2022
2022
2022		 £
£
£
£
£
£
£
£
£		 Services provided under contract
315,010
35,131
2,660,167
3,010,308
375,574
27,962
1,907,831
9,157
2,320,524		 Analysis by fund Unrestricted funds
315,010
35,131
24,281
374,422
375,574
27,912
3,650
9,157
416,293		 Restricted funds
-
-
2,635,886
2,635,886
-
50
1,904,181
-
1,904,231		 315,010
35,131
2,660,167
3,010,308
375,574
27,962
1,907,831
9,157
2,320,524		 Government grants Cornwall Council - £651,663 (2022: £1,001,895) was received to help support the following projects: Climate Emergency, Clinically Extremely Vulnerable, Covid Recovery, Early Help Hub, Household Support Fund, Injection of Nature, Public Health, Social Prescribing, Tall Ships and Armed Forces Day, Transport Vaccination Fund and Ukrainian Refugees Community Support. Fund and Ukrainian Refugees Community Support. NHS - £1,659,189 (2022; £721,990) was received to help support the following projects: Anticipatory Care, Climate Health Inequalities, Climate Team, Community Health and Wellbeing Workers, Community Makers, Covid Vaccination Volunteers, HIU, HOPE, Mental Health Crisis Support, Mental Health, PCN Innovation, Peer Support, Personal Health, Social Prescribing, Stroke Befriending. Winter Pressures. Department for Health - £Nil (2021: £40,000) was received to support the Social Prescribing project.
4

VOLUNTEER CORNWALL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

5 Other trading activities

Unrestricted
funds
2023
£
Feed In Tariff Income
3,751
6
Investments
Unrestricted
funds
2023
£
Interest receivable
596		 Total
2022
£
-
Total
2022
£
-

Total 2022 £ 679,088 24,155 21,944 11,876 3,370 4,130 12,712 1,075 3,515 8,803 18,300 (648) 119,687 273,368 - 759,146 1,940,521 207,670 7,138 2,155,329
Projects 2022 £ 563,876 23,236 17,066 11,403 2,876 2,287 10,820 609 2,911 7,638 5,661 1,049 119,642 39,098 - 759,146 1,567,318 207,670 7,138 1,782,126
Training 2022 £ 33,235 268 746 81 110 204 323 124 90 273 12,543 (2,364) 8 - - - 45,641 - - 45,641
Transport 2022 £ 81,977 651 4,132 392 384 1,639 1,569 342 514 892 96 667 37 234,270 - - 327,562 - - 327,562
Total 2023 £ 754,559 15,286 9,835 12,587 5,689 4,133 9,018 2,388 3,347 15,567 8,979 8,269 114,825 246,487 18,840 864,852 2,094,661 199,539 6,490 2,300,690
Projects 2023 £ 641,255 14,093 3,403 12,386 4,828 3,404 7,905 1,889 2,625 12,563 2,305 7,323 114,343 44,162 18,840 864,852 1,756,176 199,539 6,490 1,962,205
Training 2023 £ 34,208 202 636 48 205 152 294 221 216 514 4,904 335 112 11 - - 42,058 - - 42,058
Transport 2023 £ 79,096 991 5,796 153 656 577 819 278 506 2,490 1,770 611 370 202,314 - - 296,427 - - 296,427
Charitable activities Staff costs Repairs, renewals and maintenance Stationary, computer supplies and promotion Rent and rates Light, power and heat Insurance Telephone Postage Subscriptions Legal and professional Other staff costs Sundry expenses Volunteer expenses Travel and driver expenses Irrecoverable VAT Project costs Share of support costs (see note 8) Share of governance costs (see note 8)

(Continued) 575,678 1,579,651 2,155,329
202,475 1,579,651 1,782,126
45,641 - 45,641
327,562 - 327,562
560,273 1,740,417 2,300,690
221,788 1,740,417 1,962,205
42,058 - 42,058
296,427 - 296,427
Charitable activities Analysis by fund Unrestricted funds Restricted funds
7

VOLUNTEER CORNWALL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

8
Support costs
Staff costs
Depreciation
Other staff costs
Travel
Stationary, computer
supplies and promotion
Rent and rates
Light, heat and power
Repairs, renewals and
maintenance
Insurance
Telephone
Postage
Subscriptions
Legal and professional
Audit fees
Accountancy
Trustee expenses
Analysed between
Charitable activities		 Support
costs
Governance
costs
£
£
169,497
-
16,416
-
1,201
-
1,011
-
4,104
-
226
-
820
-
2,204
-
593
-
1,401
-
124
-
1,641
-
301
-
-
4,000
-
2,450
-
40
199,539
6,490
199,539
6,490		 2023
£
169,497
16,416
1,201
1,011
4,104
226
820
2,204
593
1,401
124
1,641
301
4,000
2,450
40
206,029
206,029		 Support
costs
Governance
costs
£
£
172,388
-
15,852
-
4,139
-
1,276
-
6,861
-
(2,016)
-
567
-
3,617
-
848
-
1,773
-
212
-
1,998
-
155
-
-
4,000
-
2,876
-
262
207,670
7,138
207,670
7,138		 2022
£
172,388
15,852
4,139
1,276
6,861
(2,016)
567
3,617
848
1,773
212
1,998
155
4,000
2,876
262
214,808
214,808

Governance costs includes payments to the auditors of £4,000 (2022: £4,000) for audit fees.

Details of the total support costs incurred are as itemised above by cost item and relate to central office functions required to support Volunteer Cornwall's activities and projects. The resources expended on charitable activities include the apportionment of support costs by project or activity. Where appropriate, costs are always allocated directly to an activity or project. Where this is not possible, costs are apportioned. The apportionment will vary slightly depending on the type of activity or project involved.

Regarding project support costs, this apportionment will not normally exceed 15% of the total value of the project or activity income, although this can vary. All support costs are normally apportioned on staff numbers based on an estimate of the proportion of time spent by staff on particular activities or projects.

9 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

VOLUNTEER CORNWALL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

10 Employees

The average monthly number of employees during the year was:

Employment costs
Wages and salaries
Social security costs
Other pension costs		 2023
Number
35
2023
£
814,583
67,441
22,663
904,687		 2022
Number
35
2022
£
768,884
64,171
22,606
855,661

During the year, the Charity made statutory redundancy payments totalling £2,365 (2022: £3,264) and nonstatutory payments of £Nil (2022: £Nil). All amounts were fully paid at the year end.

The cost of temporary staff totalled £29,891 (2022: £30,886).

There were no employees whose annual remuneration was more than £60,000.

11 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

12 Intangible fixed assets

Cost
At 1 April 2022 and 31 March 2023
Amortisation and impairment
At 1 April 2022
Amortisation charged for the year
At 31 March 2023
Carrying amount
At 31 March 2023
At 31 March 2022		 Website
£
6,500
880
1,405
2,285
4,215
5,620

VOLUNTEER CORNWALL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

13
Tangible fixed assets
Cost
At 1 April 2022
Additions
At 31 March 2023
Depreciation and impairment
At 1 April 2022
Depreciation charged in the year
At 31 March 2023
Carrying amount
At 31 March 2023
At 31 March 2022		 Freehold
buildings
Fixtures and
fittings
Computer
Equipment
£
£
£
532,184
47,011
96,673
-
-
1,991
532,184
47,011
98,664
85,000
34,468
85,722
8,500
2,349
4,162
93,500
36,817
89,884
438,684
10,194
8,780
447,184
12,543
10,951		 Total
£
675,868
1,991
677,859
205,190
15,011
220,201
457,658
470,678

14 Fixed asset investments

Unlisted
investments
£
Cost or valuation
At 1 April 2022 & 31 March 2023 500
Carrying amount
At 31 March 2023 500
At 31 March 2022 500
15
Debtors
Amounts falling due within one year:
Trade debtors
Prepayments and accrued income		 2023
£
227,855
49,216
277,071		 2022
£
546,974
18,099
565,073

VOLUNTEER CORNWALL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

16 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Notes
Other taxation and social security
Deferred income
17
Payments received on account
Trade creditors
Other creditors
Accruals		 2023
£
30,295
165,250
1,142
45,798
963,492
87,897
1,293,874		 2022
£
45,638
455,671
934
51,152
264
50,574
604,233

Included within the other creditors balance is £963,492 (2022: £nil) which relates to funds held on behalf of third parties where the charity acts as an agent with regards to distribution of funds. During the year, the charity received £1,081,025 of funds in relation to these third parties and distributed £117,533 on their behalf. Details of the balances held as at 31 March 2023 are included within the Trustees' Report.

17 Deferred income

Other deferred income 2023
£
165,250		 2022
£
455,671
Deferred income is included in the financial statements as follows:
Deferred income is included within:
Current liabilities
Movements in the year:
Deferred income at 1 April 2022
Released from previous periods
Resources deferred in the year
Deferred income at 31 March 2023		 2023
£
165,250
455,671
(455,671)
165,250
165,250		 2022
£
455,671
114,000
(114,000)
455,671
455,671

Deferred income relates to funding received in advance for activities due to commence during 2023/24.

Transfers
Balance at		 31 March 2023 £
£		 (1,902)
11,206		 (18,934)
68,389		 (38,180)
6,730		 3,545
32,351		 (30,418)
-		 (2,517)
5,488		 (674)
-		 (12,213)
-		 -
-		 39,184
33,717		 -
34,107		 (15,000)
144,279		 (15,970)
-		 (5,180)
71,381		 (4,059)
15,244		 (10,444)
6,674		 -
24,491		 (6,320)
50,560		 8,271
169,905		 -
150,778		 (3)
113,647		 (3,869)
14,097		 -
243,987
Movement in funds Incoming
Resources		 resources
expended		 £
£		 -
(14,237)		 180,000
(92,677)		 229,425
(184,515)		 268,820
(240,014)		 -
(21,523)		 38,760
(37,145)		 -
-		 -
-		 -
-		 100,000
(105,467)		 350,270
(316,163)		 197,004
(199,090)		 12,122
(25,324)		 80,000
(8,084)		 43,033
(33,612)		 33,221
(26,293)		 -
(414)		 123,987
(105,945)		 -
-		 153,000
(2,222)		 113,650
-		 265,820
(247,854)		 244,000
(13)
Balance at 1 April 2022 £ 27,345 - - - 51,941 6,390 674 12,213 - - - 161,365 29,172 4,645 9,882 10,190 24,905 38,838 161,634 - - - -
Transfers £ - (23,445) (134,338) - (5,000) (6,200) - (21,852) (21,752) - - (21,296) (74,713) - (3,620) (4,300) - 32,794 60,000 - - - -
Movement in funds Incoming
Resources		 resources
expended		 £
£		 47,643
(31,346)		 90,000
(86,669)		 229,425
(152,443)		 -
-		 190,050
(232,695)		 38,000
(34,910)		 11,394
(10,720)		 12,000
(401)		 239,690
(217,938)		 -
-		 -
-		 263,529
(186,671)		 546,336
(454,991)		 40,779
(36,134)		 31,927
(35,757)		 33,555
(26,363)		 30,000
(5,095)		 34,013
(27,969)		 62,000
(25,411)		 -
-		 -
-		 -
-		 -
-
Balance at 1 April 2021 £ 11,048 20,114 57,356 - 99,586 9,500 - 22,466 - - - 105,803 12,540 - 17,332 7,298 - - 65,045 - - - -
Clinically Extremely Vulnerable (CEV) Community Care Makers Community Makers Social Prescribing Community Development DoH/CC Social Prescribing Early Help Hub Flood Forum HOPE Injection of Nature The Hub Warmth Banks Service NHS NHS CCG - Covid Emergency Personal Health Smartline Stroke Befriending Transport Vaccination Vulnerable Support Fund Welcome Home/Mental Health Winter Pressures Community Health and Wellbeing Workers Locality ICA Inequalities West Peer Support Project Climate Health
(Continued) 24,664 1,221,695
(104,274) (218,957)
(79,825) (1,740,417)
203,044 2,636,156
5,719 544,913
(16,261) (239,983)
(14,138) (1,579,651)
7,224 1,907,565
28,894 456,982
Restricted funds Other Funds
18

Designated funds The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes: Movement in funds
Movement in funds		 Balance at
Incoming
Resources
Transfers
Balance at
Incoming
Resources
Transfers
Balance at		 1 April 2021
resources
expended
1 April 2022
resources
expended
31 March 2023		 £
£
£
£
£
£
£
£
£		 Centre Development/IT
20,000
-
(1,016)
-
18,984
-
-
10,000
28,984		 Changes in Activity and Centre Exit/ Downturn Strategy
110,000
-
-
12,234
122,234
-
-
2,018
124,252		 Climate Emergency
25,511
1,350
(5,128)
-
21,733
900
(2,310)
-
20,323		 Premises
9,000
1,750
(1,850)
-
8,900
-
(1,180)
2,280
10,000		 Property Fund
466,168
-
(10,685)
4,244
459,727
-
(10,849)
-
448,878		 Volunteer Infrastructure Support
39,567
-
-
-
39,567
-
-
-
39,567		 670,246
3,100
(18,679)
16,478
671,145
900
(14,339)
14,298
672,004		 Description, nature and purpose of designated funds Centre Development / IT - Funding to cover major updates to IT systems. Changes in Activity and Centre Exit / Downturn Strategy - To cover unexpected costs due to cancellation of projects, such as unexpected redundancies. Climate Emergency - To cover costs incurred with the Volunteer Cornwall declared climate emergency. Premises - To cover premises expenses. Property Fund - Represents Acorn House that is financed through unrestricted funds. Volunteer Infrastructure Support - Funding to help create and upkeep the volunteer infrastructure support.
19

VOLUNTEER CORNWALL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

20
Analysis of net assets between funds
Unrestricted
funds
Restricted
funds
2023
2023
£
£
Fund balances at 31
March 2023 are
represented by:
Intangible fixed assets
4,215
-
Tangible assets
454,116
3,542
Investments
500
-
Current assets/(liabilities)
466,905
1,218,153
925,736
1,221,695		 Total Unrestricted
funds
Restricted
funds
2023
2022
2022
£
£
£
4,215
5,620
-
457,658
467,519
3,159
500
500
-
1,685,058
414,229
541,754
2,147,431
887,868
544,913		 Total
2022
£
5,620
470,678
500
955,983
1,432,781

21 Operating lease commitments

Lessee

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Within one year
Between two and five years		 2023
£
3,501
6,532
10,033		 2022
£
4,474
10,033
14,507

22 Related party transactions

Remuneration of key management personnel

The key management personnel of the charity are the trustees, Chief Executive, Accounts and Administration Manager/Company Secretary, Support and Development Manager and HR Manager and PA to the Chief Executive. The total employee benefits of the key management personnel were:

2023 2022
£ £
Aggregate compensation 192,997 158,849

Cornwall Voluntary Sector Forum - a charity in which the E Rowse, trustee, is Chair paid the charity £Nil (2022: £5,294) in respect of services in the year. £Nil (2022: £Nil) remained outstanding as at the year end.

Truro Cricket Club - an organisation in which I Jones, Chief Executive is the Chair paid the charity £Nil (2022: £199) in respect of services and received £Nil (2022: £67) in the year. £Nil (2022: £Nil) remained outstanding as at the year end.

VOLUNTEER CORNWALL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

23
Cash generated from operations
Surplus for the year
Adjustments for:
Investment income recognised in statement of financial activities
Depreciation and impairment of tangible fixed assets
Movements in working capital:
Decrease/(increase) in debtors
Increase/(decrease) in creditors
(Decrease)/increase in deferred income
Cash generated from operations		 2023
£
714,650
(596)
16,416
288,002
980,062
(290,421)
1,708,113		 2022
£
170,848
-
15,853
(330,825)
(77,349)
455,671
234,198

24 Analysis of changes in net funds

The charity had no debt during the year.