Company registration number: 3505634 Charity registration number: 1070790
Nottingham Community and Voluntary Service
(A company limited by guarantee)
Annual Report and Financial Statements
for the Year Ended 31 March 2021
Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL
Nottingham Community and Voluntary Service
Contents
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 to 8 |
| Balance Sheet | 9 |
| Notes to the Financial Statements | 10 to 21 |
Nottingham Community and Voluntary Service
Reference and Administrative Details
Roy Taylor Gerri Bright Stephen Knott Christopher Ball Jonathan Tallant Michael Khouri-Bent Richard Renwick Jules Sebelin, Head of Business Development & Deputy CEO
Trustees
Senior Management Team Principal Office
Principal Office Foxhall Business Centre 2 King Street Nottingham NG1 2AS Company Registration Number 3505634 Charity Registration Number 1070790
Independent Examiner
John O'Brien, employee of Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL
Page 1
Nottingham Community and Voluntary Service
Trustees' Report
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 March 2021.
Trustees
Roy Taylor
Gerri Bright Stephen Knott Christopher Ball Jonathan Tallant
Michael Khouri-Bent
Richard Renwick
Linny Beaumont (resigned 17 November 2020)
Structure, governance and management
Nature of governing document
The charity is a company limited by guarantee and a registered charity. It is operated under the rules of its memorandum and articles of association incorporated 5 February1998 as amended by special resolution dated 12 June 1998, 29 October 2001, 18 October 2004 and 5 November 2010 and by Certificate of Incorporation on change of name dated 4 May 2010. It has no share capital and the liability of each member in the event of winding-up is limited to £1.
Recruitment and appointment of trustees
There should be a minimum of 6 and not more than 15 trustees/directors. The trustees are proposed by associate members, appointed at the Board meeting and must retire after they have served three full calendar years. Retiring trustees may be re-proposed and appointed for a further term. The Board have the right to co-opt up to five trustees who must retire each year, but are eligible for further co-option. At all times the number of co-opted trustees must be less than the number of appointed trustees up to a maximum of 5.
Objectives and activities
Objects and aims
The objectives of NCVS as set out in the articles of association are:
a) The advancement of citizenship and community development particularly the promotion of the voluntary sector, volunteering, capacity building and the efficiency and effectiveness of charities and similar organisations;
b) Any charitable purpose for the benefit of the community and in particular the advancement of education, the furtherance of health and the relief of poverty, distress and sickness;
c) Organise co-operation in the achievement of the above purposes and to that end bring together representatives of the statutory authorities and voluntary organisations engaged in the furtherance of the above purposes.
Page 2
Nottingham Community and Voluntary Service
Trustees' Report
Objectives, strategies and activities
We support Nottingham's voluntary sector through: • Volunteering: Improving the quality of volunteering and breadth of volunteering opportunities across the city; • Voluntary sector development: Strengthening the voluntary sector’s capacity to help its clients through promoting best practice, funding advice and training;
• Voices: Speaking up for the voluntary sector on issues crucial to its future, and increasing the sector’s access to, and influence upon, decision makers;
• Voluntary Action Centre: Providing a space for organisations to meet and network, access training and promote their work.
Public benefit
NCVS’s activities benefit voluntary sector organisations, individuals and the interaction between the statutory sector and the voluntary and community sector in Nottingham and its environs. The Board of Trustees have considered public benefit and concluded that:
-
The aims of the organisation continue to be charitable;
-
The aims and the services delivered give identifiable benefits to the charitable sector and both indirectly and directly to individuals in need;
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The benefits are for the public, are not unreasonably restricted in any way and certainly not by ability to pay; and
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There is no detriment or harm arising from the aims or activities.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Achievements and performance
During the first pandemic lockdown most staff, except those directly related to the building began working from home. This continued throughout the financial year, with the exception of the Head of Support Services choosing to work from the building from August 2020. This was helpful to the building staff as more tenants used the building as restrictions eased. We adapted well to working from home and moved all training and network meetings online, which has proved successful.
At the beginning of the financial year we implemented our new CRM system and website. This allowed us to register over 1,000 volunteers within a four-week period at the height of the first pandemic lockdown. This would have been unachievable with the previous system. During the year we registered over 2,000 volunteers and we had on average 400 volunteering opportunities active at any given time.
The improved CRM system and website have also given us a better platform to provide vital support and information to groups and charities in Nottingham. We set up an appeals page so that groups could make a direct ask of the public for items (example PPE) that they needed to deliver services differently. We increased readership of the ebulletin and also increased engagement across our social media channels. We provided resources pages which we updated dynamically as the situation changed which was valuable to small organisation who do not have time to seek out the information themselves.
Our one to one delivery of support slowed at the beginning of the year due to many small organisations not having capable IT to conduct online meetings. Also, many organisations with premises had to close some services due to restrictions. Delivery did pick up during the year and we were able to direct many individuals to take up our online training offer.
The staff team responded and adapted to a significant change in circumstances. They rose above and beyond expectation to deliver vital support and information to Nottingham's community and voluntary sector.
Page 3
Nottingham Community and Voluntary Service
Trustees' Report
Strategic Review of the Business for 2019/20
Financial review
Due to the pandemic lockdown and restrictions we lost a full year of revenue from room hire which contributed to a deficit. We were able to recover some of that loss through Business Support grants and Furlough reimbursements.
Policy on reserves
NCVS needs reserves for three reasons:
-
To cover short term requirements (for instance, where contract or grant income is delayed, where up front expenditure is required or where there are termination costs of a project);
-
To enable NCVS to undertake projects without funding if necessary;
-
To provide working capital.
Our ideal position would be to hold free reserves sufficient for six months operation.
The Trustees review the reserves position annually as part of the budget approval process and take action both then and where necessary during the course of the year to ensure that reserves are satisfactory.
Page 4
Nottingham Community and Voluntary Service
Trustees' Report
Statement of Trustees' Responsibilities
The trustees (who are also the directors of Nottingham Community and Voluntary Service for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and 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.
Small companies provision statement
This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
The annual report was approved by the trustees of the charity on .................... and signed on its behalf by:
......................................... Jonathan Tallant Trustee
Page 5
Nottingham Community and Voluntary Service
Independent Examiner's Report to the trustees of Nottingham Community and Voluntary Service
Independent examiner’s report to the trustees of Nottingham Community and Voluntary Service ('the Company')
I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2021.
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 and Fellow of the Association of Charity Independent Examiners, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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
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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.
......................................
John O'Brien MSc, FCCA, FCIE, employee of Community Accounting Plus Fellow of the Association of Charity Independent Examiners
Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL
Date:.............................
Page 6
Nottingham Community and Voluntary Service
Statement of Financial Activities for the Year Ended 31 March 2021 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
| Note Income and Endowments from: Donations and legacies 2 Charitable activities 3 Total Income Expenditure on: Charitable activities 5 Total Expenditure Net expenditure Transfers between funds Other recognised gains and losses Gains/losses on revaluation of fixed assets Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 15 |
Unrestricted funds £ 144,755 98,810 243,565 (317,335) (317,335) (73,770) (9,894) - (83,664) 3,195,172 3,111,508 |
Restricted funds £ - 110,044 110,044 (154,349) (154,349) (44,305) 9,894 - (34,411) 67,255 32,844 |
Total 2021 £ 144,755 208,854 353,609 (471,684) (471,684) (118,075) - - (118,075) 3,262,427 3,144,352 |
Total 2020 £ 26,013 402,580 |
|---|---|---|---|---|
| 428,593 | ||||
| (568,042) | ||||
| (568,042) | ||||
| (139,449) - 1,550,000 |
||||
| 1,410,551 1,851,876 |
||||
| 3,262,427 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for the period is shown in note 15.
Page 7
Nottingham Community and Voluntary Service
Statement of Financial Activities for the Year Ended 31 March 2021 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
These are the figures for the previous accounting period and are included for comparative purposes Year ended 31 March 2019
| Note Income and Endowments from: Donations and legacies 2 Charitable activities 3 Total income Expenditure on: Charitable activities 5 Total expenditure Net expenditure Other recognised gains and losses Gains/losses on revaluation of fixed assets Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 15 |
Unrestricted funds £ 26,013 233,916 259,929 (388,504) (388,504) (128,575) 1,550,000 1,421,425 1,773,747 3,195,172 |
Restricted funds £ - 168,664 168,664 (179,538) (179,538) (10,874) - (10,874) 78,129 67,255 |
Total 2020 £ 26,013 402,580 |
|---|---|---|---|
| 428,593 | |||
| (568,042) | |||
| (568,042) | |||
| (139,449) 1,550,000 |
|||
| 1,410,551 1,851,876 |
|||
| 3,262,427 |
Page 8
Nottingham Community and Voluntary Service
(Registration number: 3505634) Balance Sheet as at 31 March 2021
| Note Fixed assets Tangible assets 10 Current assets Debtors 11 Cash at bank and in hand Creditors: Amounts falling due within one year 12 Net current assets Net assets Funds of the charity: Restricted income funds Restricted funds 15 Unrestricted income funds Unrestricted funds Total funds 15 |
2021 £ 3,000,000 67,170 240,052 307,222 (162,870) 144,352 3,144,352 32,844 3,111,508 3,144,352 |
2020 £ 3,000,000 52,157 353,922 |
|---|---|---|
| 406,079 (143,652) |
||
| 262,427 | ||
| 3,262,427 | ||
| 67,255 3,195,172 |
||
| 3,262,427 |
For the financial year ending 31 March 2021 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements on pages 7 to 21 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by:
......................................... Christopher Ball Trustee
Page 9
Nottingham Community and Voluntary Service
Notes to the Financial Statements for the Year Ended 31 March 2021
1 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011.
Basis of preparation
Nottingham Community and Voluntary Service 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 notes.
Going concern
The financial statements have been prepared on a going concern basis.
The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.
Exemption from preparing a cash flow statement
The charity opted to adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
Grants receivable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
Page 10
Nottingham Community and Voluntary Service
Notes to the Financial Statements for the Year Ended 31 March 2021
Deferred income
Deferred income represents amounts received for future periods and is released to incoming resources in the period for which, it has been received. Such income is only deferred when:
- The donor specifies that the grant or donation must only be used in future accounting periods; or - The donor has imposed conditions which must be met before the charity has unconditional entitlement.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Government grants
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual items of office equipment costing £5,000.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Replacement of existing premises equipment within the building is written off in the year it is replaced.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class Depreciation method and rate Land and buildings 2.0% straight line Office equipment 25.0% straight line
Page 11
Nottingham Community and Voluntary Service
Notes to the Financial Statements for the Year Ended 31 March 2021
Cash and cash equivalents
Cash and cash equivalents 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.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.
Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Pensions and other post retirement obligations
The charity operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the charity. Pension costs charges in the Statement of Financial Activities represent the contributions payable by the charity during the year.
2 Income from donations and legacies
| Donations and legacies; Donations from companies, trusts and similar proceeds Grants, including capital grants; Government grants Other income from donations and legacies |
Unrestricted funds General £ 60,562 84,143 50 144,755 |
Total 2021 £ 60,562 84,143 50 144,755 |
Total 2020 £ 26,000 - 13 |
|---|---|---|---|
| 26,013 |
Page 12
Nottingham Community and Voluntary Service
Notes to the Financial Statements for the Year Ended 31 March 2021
3 Income from charitable activities
| Grants Fees Rent Room hire Services Training & courses Sundry income |
Unrestricted funds General £ - 2,418 92,287 (21) (150) 4,276 - 98,810 |
Restricted funds £ 110,044 - - - - - - 110,044 |
Total 2021 £ 110,044 2,418 92,287 (21) (150) 4,276 - 208,854 |
Total 2020 £ 189,832 1,996 116,385 81,165 1,445 11,546 211 |
|---|---|---|---|---|
| 402,580 |
4 Grants & donations
| 4 Grants & donations |
|||
|---|---|---|---|
| Framework Housing Association Nottingham City Council Ashfield Voluntary Action Notts Police & Crime Commissioner Voluntary & Community Sector Emergencies Partnership NHS Nottingham City CCG HMRC JRS Robin Hood Charity Trust National Emergencies Trust Nottm and Notts Refugee Forum Bestwood Partnership Forum The Renewal Trust Groundwork Greater Nottingham Nottingham Women's Centre Sundry grants & donations |
Unrestricted funds £ - 51,016 - - - - 33,127 26,000 10,000 8,262 5,000 5,000 3,600 2,700 50 144,755 |
Restricted funds £ 52,840 21,226 14,925 9,989 9,500 1,500 - - - - - - - - 64 110,044 |
Total £ 52,840 72,242 14,925 9,989 9,500 1,500 33,127 26,000 10,000 8,262 5,000 5,000 3,600 2,700 114 |
| 254,799 |
Page 13
Nottingham Community and Voluntary Service
Notes to the Financial Statements for the Year Ended 31 March 2021
5 Expenditure on charitable activities
| Affiliation fees, memberships & subscriptions Bad debts Bank charges & fees Building expenditure Communications Grants repaid Internal charges & overheads IT support service Office costs & hospitality Printing Professional fees Project expenses & resources Publicity, marketing & events Staff costs (incl travel, freelance staff, recruitment & training) Sundry expenditure Volunteer expenses |
Unrestricted General funds £ Restricted funds £ 945 60 437 - 620 - 48,654 - 12,805 3,407 - - (56,001) 56,001 12,012 132 46 - 765 - 7,898 2,750 855 - 1,000 145 287,124 91,854 175 - - - 317,335 154,349 |
Total 2021 £ 1,005 437 620 48,654 16,212 - - 12,144 46 765 10,648 855 1,145 378,978 175 - 471,684 |
Total 2020 £ 2,986 195 1,361 69,474 25,556 4,354 - 16,001 2,933 3,823 35,633 908 72 403,699 75 972 |
|---|---|---|---|
| 568,042 |
6 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
7 Staff costs
The aggregate payroll costs were as follows:
| Staff costs during the year were: Wages and salaries Social security costs Pension costs Other staff costs |
2021 £ 335,968 20,972 13,112 8,138 378,190 |
2020 £ 363,833 23,901 12,560 - 400,294 |
|---|---|---|
Page 14
Nottingham Community and Voluntary Service
Notes to the Financial Statements for the Year Ended 31 March 2021
The monthly average number of persons (including senior management team) employed by the charity during the year was as follows:
| Average number of employees | 2021 No 19 |
2020 No 21 |
|---|---|---|
13 (2020 - 15) of the above employees participated in the Defined Contribution Pension Schemes.
Contributions to the employee pension schemes for the year totalled £13,112 (2020 - £12,560).
During the year, the charity made redundancy and/or termination payments which totalled £8,138 (2020 - £Nil).
No employee received emoluments of more than £60,000 during the year.
The total employee benefits of the key management personnel of the charity were £40,738 (2020 - £51,334).
8 Fees payable to independent examiner
During the period, the fees payable (excluding VAT) to the charity’s independent examiner Community Accounting Plus are analysed as follows:
| Independent examination Other financial services |
2021 £ 1,905 1,235 3,140 |
2020 £ 1,750 1,463 |
|---|---|---|
| 3,213 |
Page 15
Nottingham Community and Voluntary Service
Notes to the Financial Statements for the Year Ended 31 March 2021
9 Taxation
The charity is a registered charity and is therefore exempt from taxation.
10 Tangible fixed assets
| Cost At 1 April 2020 At 31 March 2021 Depreciation At 1 April 2020 At 31 March 2021 Net book value At 31 March 2021 At 31 March 2020 11 Debtors Trade debtors Prepayments Accrued income Other debtors 12 Creditors: amounts falling due within one year Trade creditors Other loans Other taxation and social security Other creditors Accruals Deferred income |
Land and buildings £ 3,671,437 |
Office Equipment £ 49,704 |
Total £ 3,721,141 3,721,141 721,141 721,141 3,000,000 3,000,000 2020 £ 24,158 13,812 13,287 900 |
||
|---|---|---|---|---|---|
| 3,671,437 | 49,704 | ||||
| 671,437 | 49,704 | ||||
| 671,437 | 49,704 | ||||
| 3,000,000 | - | ||||
| 3,000,000 | - | ||||
| 2021 £ 54,145 1,576 11,449 - 67,170 2021 £ 6,958 100,000 14,690 2,039 3,238 35,945 162,870 |
|||||
| 52,157 | |||||
| 2020 £ 20,218 100,000 10,281 2,318 10,585 250 |
|||||
| 143,652 |
Page 16
Nottingham Community and Voluntary Service
Notes to the Financial Statements for the Year Ended 31 March 2021
13 Obligations under leases and hire purchase contracts
Operating lease commitments
Total future minimum lease payments under non-cancellable operating leases are as follows:
| Photocopier Within one year Between one and five years |
2021 £ 677 1,523 2,200 |
2020 £ 677 2,200 |
|---|---|---|
| 2,877 |
14 Charity status
The charity is a company limited by guarantee and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.
Page 17
Nottingham Community and Voluntary Service
Notes to the Financial Statements for the Year Ended 31 March 2021
15 Funds
| Unrestricted funds General General Designated NVAC repairs fund Property fund Revaluation reserve Total Unrestricted funds Restricted funds Community Connector NCC Comm Assn Admin Skills & Opportunity (Natwest) DSIPP Partnership (NCC) PDU Community Assets NHS Year 1 Integrated Volunteer Approaches VCSEP & Liaison Lead Good Sam Project Ashfield Voluntary Action Total restricted funds Total funds |
Balance at 1 April 2020 £ 145,172 50,000 944,972 2,055,028 3,050,000 3,195,172 23,751 2,057 7,292 23,120 11,035 - - - - - 67,255 3,262,427 |
Incoming resources £ 243,565 - - - - 243,565 - 10,777 - - 52,904 9,989 1,500 9,500 10,449 14,925 110,044 353,609 |
Resources expended £ (317,335) - - - - (317,335) (23,751) (9,598) (5,449) (33,014) (47,890) (9,989) (1,500) (4,750) (3,483) (14,925) (154,349) (471,684) |
Transfers £ 40,106 (50,000) - - (50,000) (9,894) - - - 9,894 - - - - - - 9,894 - |
Balance at 31 March 2021 £ 111,508 - 944,972 2,055,028 |
|---|---|---|---|---|---|
| 3,000,000 | |||||
| 3,111,508 | |||||
| - 3,236 1,843 - 16,049 - - 4,750 6,966 - |
|||||
| 32,844 | |||||
| 3,144,352 |
The transfer from the NVAC repairs fund to the General fund represents the release of the need for this money to be designated due to the upcoming sale of the building.
The transfer from the General fund to the NCC Community Project fund is to cover the deficit on this activity.
Page 18
Nottingham Community and Voluntary Service
Notes to the Financial Statements for the Year Ended 31 March 2021
The specific purposes for which the funds are to be applied are as follows:
The Designated repair fund is for refurbishment of the building. The Designated property fund represents the value of the freehold land and building at the end of this accounting period.
The Community Connector fund supports the successful implementation of Social Prescribing in communities to help ensure that communities are equipped and welcoming of social prescribing.
The NCC Community Association Admin fund supports specified Community Associations In Nottingham city by identifying their community needs, opportunities to improve their reach and engagement and administrative priorities to support and increase the Associations sustainability.
The Skills & Opportunity (Natwest) fund is to deliver the Enterprising Nottingham Programme of training and one to one support for social enterprises.
The PDU funding is to deliver learning and professional development support to organisations working within the multiple and complex needs area, this is an on-going fund the small deficit on this fund is due to timing issues.
The Community Assets Assessment fund paid for a community engagement programme to map community assets which will help local people tackle serious and violet crime, commissioned by the Violence Reduction Unit.
The NHS Year 1 Integrated Volunteer Approaches fund for participation in developing ideas about volunteering programmes to support NHS and Social Care services.
The VCSEP & Liaison Lead fund paid for senior officer time to participate in a national programme to design the voluntary sector’s role in emergencies such as fires, floods or pandemics.
The Good Sam Project (NHSE Embed and Evaluate programme) funded a partnership between NCVS and Gedling Borough Council to evaluate the NHS Volunteer Responder (Good Sam) programme at a local level. The funding from Ashfield Voluntary Action was for a Patient and Public Engagement programme to find out about local patient experience by working through voluntary organisations that support them, then reporting back to the CCG.
Page 19
Nottingham Community and Voluntary Service
Notes to the Financial Statements for the Year Ended 31 March 2021
| Unrestricted funds General General Designated NVAC repairs fund Property fund Revaluation reserve CRM System Total unrestricted funds Restricted funds Community Connector NCC Comm Assn Admin Skills & Opportunity (Natwest) DSIPP Partnership (NCC) PDU Hidden Harm Disability Sports Project (DISPP) Activity Buddies Development Services Total restricted funds Total funds |
Balance at 1 April 2019 £ 63,896 210,000 944,972 505,028 49,851 1,709,851 1,773,747 - - 17,287 40,000 (352) 4,354 16,858 (18) - 78,129 1,851,876 |
Incoming resources £ 259,929 - - - - - 259,929 35,000 25,776 17,287 - 45,500 11,924 - 10,415 22,762 168,664 428,593 |
Resources expended £ (350,602) - - - (37,902) (37,902) (388,504) (11,249) (23,719) (27,282) (16,880) (34,113) (16,278) (16,125) (11,130) (22,762) (179,538) (568,042) |
Transfers £ Other recognised gains/(losses) £ 171,949 - (160,000) - - - - 1,550,000 (11,949) - (171,949) 1,550,000 - 1,550,000 - - - - - - - - - - - - (733) - 733 - - - - - - 1,550,000 |
Balance at 31 March 2020 £ 145,172 50,000 944,972 2,055,028 - |
|---|---|---|---|---|---|
| 3,050,000 | |||||
| 3,195,172 | |||||
| 23,751 2,057 7,292 23,120 11,035 - - - - |
|||||
| 67,255 | |||||
| 3,262,427 |
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Nottingham Community and Voluntary Service
Notes to the Financial Statements for the Year Ended 31 March 2021
16 Analysis of net assets between funds
| Tangible fixed assets Current assets Current liabilities Total net assets Tangible fixed assets Current assets Current liabilities Total net assets |
Unrestricted funds General £ Designated £ - 3,000,000 238,433 - (126,925) - 111,508 3,000,000 Unrestricted funds General £ Designated £ - 3,000,000 288,824 50,000 (143,652) - 145,172 3,050,000 |
Restricted funds £ - 68,789 (35,945) 32,844 Restricted funds £ - 67,255 - 67,255 |
2021 Total funds £ 3,000,000 307,222 (162,870) |
|---|---|---|---|
| 3,144,352 | |||
| 2020 Total funds £ 3,000,000 406,079 (143,652) |
|||
| 3,262,427 |
17 Related party transactions
There were no related party transactions in the year.
18 3rd party funds
| 18 3rd party funds | ||||
|---|---|---|---|---|
| PCC Notts YANA |
Opening balances £ - - - |
Incoming resources £ 29,085 4,753 33,838 |
(Resources expended) £ (18,322) (1,800) (20,122) |
Total £ 10,763 2,953 |
| 13,716 |
19 Non-adjusting events after the financial period
The sale of the property was agreed in 2019 for £3m (subject to planning permission). On 23rd April 2020 a deposit of £50,000 was paid and this deposit is being held by Freeths solicitors. The completion of the sale is expected in the next financial year.
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