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 2022
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 |
| Statement of Cash Flows | 10 |
| Notes to the Financial Statements | 11 to 22 |
Nottingham Community and Voluntary Service
Reference and Administrative Details
Trustees Roy Taylor Gerri Bright Stephen Knott Christopher Ball Michael Khouri-Bent Richard Renwick Jane Todd Will Burchell Senior Management Team Jules Sebelin, Chief Executive Officer Charity Registration Number 1070790 Company Registration Number 3505634 Registered Office Loxley House Station Street NOTTINGHAM NG2 3NG Independent Examiner John O'Brien, employee of Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL Solicitors: Freeths 80 Mount Street Nottingham NG1 6HH Bankers Unity Trust Bank plc Nine Brindleyplace Birmingham B1 2HB
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 2022.
Trustees and officers
The trustees and officers serving during the year and since the year end were as follows:
Trustees: Roy Taylor Gerri Bright Stephen Knott Christopher Ball Michael Khouri-Bent Richard Renwick Jane Todd (appointed 23 May 2022) Will Burchell (appointed 24 May 2022)
Jonathan Tallant (resigned 1 November 2022)
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 February 1998 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;
-
The benefits are for the public, are not unreasonably restricted in any way and certainly not by ability to pay; and
-
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 year most staff, except those directly related to the building continued to work from home. The sale of the building at 7 Mansfield Road concluded on 2 November 2021 and we moved offices to Foxhall Business Centre, 2 King Street NG1 2AS. We adapted well to working from home and moved all training and network meetings online, which has proved successful.
The CRM continued to serve the organisation and after one year allowed us to register 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 organisations who do not have time to seek out the information themselves.
Our one to one delivery of support picked up once various lockdown restrictions eased. We continue to offer most training online with some exceptions such as occasional safeguarding sessions in person.
During this period, we began delivery of the Green Social Prescribing Pilot on behalf of the Nottingham and Nottinghamshire CCG. This is a national programme to tackle peer mental health by prescribing green activities. There are 7 test and learn sites nationally and we are one of only two pilots being led by the voluntary sector.
Page 3
Nottingham Community and Voluntary Service
Trustees' Report
Financial review
We continued to lose revenue from room hire until the completion of the building sale in November 2021. We were able to recover some of that loss through Business Support grants and Furlough reimbursements. Due to additional project income acquired through the year we were able to still make a surplus. We are continually developing new areas of work within health and social care which will be an important source of future income.
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.
Plans for future periods
Aims and key objectives for future periods
In light of the sale of our building, which has been a large part of the organisation for over 20 years, we are about to develop a new strategy. We have become very aware of how much health has an interest in the voluntary sector and as an infrastructure organisation we are a natural gateway to foster relationships between the health and voluntary sectors. However, as health is such a big partner we must be mindful not to pursue working with health to the detriment of other partner relationships. We must take a balanced approach to developing income streams that will also sustain and grow our core services and support functions.
We are starting a dialogue with health and care partners to view community engagement as a profession that must be funded as an ongoing function rather than a collection of nonrecurrent project funds. They will have the benefit of better information to address health inequalities and residents will have better health outcomes. NCVS and the wider sector will have the opportunity to showcase our impact leading to better funding outcomes and sustainability.
We also view Nottingham City Council as a primary stakeholder and are making the case to bring the 'Support for the Voluntary Sector' element of their grant funding back to a centralised function. We evidence to show that support for organisations is a post code lottery and that those that cannot access our support have poorer sustainability and outcomes.
We will also have income from investment of the building sale proceeds which will allow us to ensure that at least a baseline of support and development will be available to Nottingham's voluntary sector. We will revisit the investment on a regular basis to ensure that we are getting best value and maximising its potential.
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. The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies.
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;
-
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 22 November 2022 and signed on its behalf by:
......................................... Jane Todd 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 2022.
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
-
the accounts do not accord with those records; or
-
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
-
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 2022 (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)/income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 13 |
Unrestricted £ 51,666 68,942 120,608 (195,761) (195,761) (75,153) (75,153) 3,111,508 3,036,355 |
Restricted £ - 706,443 706,443 (363,576) (363,576) 342,867 342,867 32,844 375,711 |
Total 2022 £ 51,666 775,385 827,051 (559,337) (559,337) 267,714 267,714 3,144,352 3,412,066 |
Total 2021 £ 144,755 208,854 |
|---|---|---|---|---|
| 353,609 | ||||
| (471,684) | ||||
| (471,684) | ||||
| (118,075) | ||||
| (118,075) 3,262,427 |
||||
| 3,144,352 |
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 13.
The notes on pages 11 to 22 form an integral part of these financial statements. Page 7
Nottingham Community and Voluntary Service
Statement of Financial Activities for the Year Ended 31 March 2022 (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 2021
| 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 Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 13 |
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 |
The notes on pages 11 to 22 form an integral part of these financial statements. Page 8
Nottingham Community and Voluntary Service
(Registration number: 3505634) Balance Sheet as at 31 March 2022
| Note Fixed assets Tangible assets 7 Current assets Debtors 8 Cash at bank and in hand 9 Creditors: Amounts falling due within one year 11 Net current assets Net assets Funds of the charity: Restricted income funds Restricted funds 13 Unrestricted income funds Unrestricted funds Total funds 13 |
2022 £ - 249,290 3,757,428 4,006,718 (594,652) 3,412,066 3,412,066 375,711 3,036,355 3,412,066 |
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 |
For the financial year ending 31 March 2022 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.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
The financial statements on pages 7 to 22 were approved by the trustees, and authorised for issue on 22 November 2022 and signed on their behalf by:
......................................... Christopher Ball Trustee
The notes on pages 11 to 22 form an integral part of these financial statements. Page 9
Nottingham Community and Voluntary Service
Statement of Cash Flows for the Year Ended 31 March 2022
| Note Cash flows from operating activities Net cash income/(expenditure) Working capital adjustments Increase in debtors 8 Increase/(decrease) in creditors 11 (Decrease)/increase in deferred income 11 Net cash flows from operating activities Cash flows from investing activities Sale of tangible fixed assets Cash flows from financing activities Loans and borrowings 11 Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at 1 April Cash and cash equivalents at 31 March Reconciliation of net cash flow to movement in net funds Increase/ (decrease) in cash Cash outflow from repayment of loans Change in net funds/(debt) resulting from cash flows Net funds at 1 April 2021 Net funds at 31 March 2022 |
2022 £ 267,714 (182,120) 531,962 (180) 617,376 3,000,000 (100,000) 3,517,376 240,052 3,757,428 3,517,376 (100,000) 3,417,376 240,052 3,657,428 |
2021 £ (118,075) (15,013) (16,477) 35,695 |
|---|---|---|
| (113,870) - - |
||
| (113,870) 353,922 |
||
| 240,052 | ||
| (113,870) - |
||
| (113,870) 353,922 |
||
| 240,052 |
All of the cash flows are derived from continuing operations during the above two periods.
The notes on pages 11 to 22 form an integral part of these financial statements. Page 10
Nottingham Community and Voluntary Service
Notes to the Financial Statements for the Year Ended 31 March 2022
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)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
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.
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 11
Nottingham Community and Voluntary Service
Notes to the Financial Statements for the Year Ended 31 March 2022
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 12
Nottingham Community and Voluntary Service
Notes to the Financial Statements for the Year Ended 31 March 2022
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 £ 46,562 5,104 - 51,666 |
Total 2022 £ 46,562 5,104 - 51,666 |
Total 2021 £ 60,562 84,143 50 |
|---|---|---|---|
| 144,755 |
Page 13
Nottingham Community and Voluntary Service
Notes to the Financial Statements for the Year Ended 31 March 2022
3 Income from charitable activities
| Grants Fees Rent Room hire Services Training & courses Sundry income |
Unrestricted funds General £ - 567 54,316 - - 11,530 2,529 68,942 |
Restricted funds £ 706,443 - - - - - - 706,443 |
Total 2022 £ 706,443 567 54,316 - - 11,530 2,529 775,385 |
Total 2021 £ 110,044 2,418 92,287 (21) (150) 4,276 - |
|---|---|---|---|---|
| 208,854 |
4 Grants & donations
| NHS Nottingham & Nottinghamshire CCG Nottingham City Council NHS Nottingham CCG Framework Housing Association Ashfield Voluntary Action National Academy for Social Prescribing Nottingham City Care Partnership CIC Nottinghamshire County Council Canal & River Trust Voluntary & Community Sector Emergencies Partnership NHS Charities Together Community Action Derby Support Staffordshire Robin Hood Charity Trust Nottingham & Nottinghamshire Refugee Forum Groundwork Greater Nottingham HMRC JRS Newark & Sherwood CVS The Bestwood Partnership Nottingham Women's Centre DWP Access to Work |
Unrestricted funds £ - 10 - - - - - - - - - - - 26,000 8,262 3,600 3,559 3,000 3,000 2,700 1,535 51,666 |
Restricted funds £ 263,908 182,055 110,054 60,180 42,550 11,000 10,775 10,449 6,740 4,750 1,982 1,250 750 - - - - - - - - 706,443 |
Total £ 263,908 182,065 110,054 60,180 42,550 11,000 10,775 10,449 6,740 4,750 1,982 1,250 750 26,000 8,262 3,600 3,559 3,000 3,000 2,700 1,535 |
|---|---|---|---|
| 758,109 |
Page 14
Nottingham Community and Voluntary Service
Notes to the Financial Statements for the Year Ended 31 March 2022
5 Expenditure on charitable activities
| Affiliation fees, memberships & subscriptions Bad debts Bank charges & fees Building expenditure Communications 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 |
Unrestricted General funds £ Restricted funds £ 897 - 482 - 679 - 46,816 - 17,361 5,218 (192,159) 192,159 9,112 168 6,229 1,936 823 280 56,800 18,460 1,708 2,630 - 1,411 245,187 141,217 1,826 97 195,761 363,576 |
Total 2022 £ 897 482 679 46,816 22,579 - 9,280 8,165 1,103 75,260 4,338 1,411 386,404 1,923 559,337 |
Total 2021 £ 1,005 437 620 48,654 16,212 - 12,144 46 765 10,648 855 1,145 378,978 175 471,684 |
|---|---|---|---|
6 Staff costs
The aggregate payroll costs were as follows:
| The aggregate payroll costs were as follows: | ||
|---|---|---|
| Staff costs during the year were: Wages and salaries Social security costs Pension costs Other staff costs |
2022 £ 338,258 21,260 13,155 13,272 385,945 |
2021 £ 335,968 20,972 13,112 8,138 |
| 378,190 |
The monthly average number of persons (including senior management team) employed by the charity during the year was as follows:
Average number of employees
| 2022 | 2021 | ||
|---|---|---|---|
| No | No | ||
| 17 | 19 |
13 (2021 - 13) of the above employees participated in the Defined Contribution Pension Schemes.
Contributions to the employee pension schemes for the year totalled £13,155 (2021 - £13,112).
Page 15
Nottingham Community and Voluntary Service
Notes to the Financial Statements for the Year Ended 31 March 2022
During the year, the charity made redundancy and/or termination payments which totalled £13,272 (2021 - £8,138).
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 £44,301 (2021 - £40,738).
7 Tangible fixed assets
| Cost At 1 April 2021 Disposals At 31 March 2022 Depreciation At 1 April 2021 Eliminated on disposals At 31 March 2022 Net book value At 31 March 2022 At 31 March 2021 8 Debtors Trade debtors Prepayments Accrued income Other debtors |
Land and buildings £ 3,671,437 (3,671,437) - 671,437 (671,437) - - 3,000,000 |
Land and buildings £ 3,671,437 (3,671,437) - 671,437 (671,437) - - 3,000,000 |
Office Equipment £ 49,704 - |
Total £ 3,721,141 (3,671,437) 49,704 721,141 (671,437) 49,704 - 3,000,000 2021 £ 54,145 1,576 11,449 - |
|
|---|---|---|---|---|---|
| 49,704 | |||||
| 49,704 - |
|||||
| - | 49,704 | ||||
| - | - | ||||
| 3,000,000 | - | ||||
| 2022 £ 226,566 3,637 15,045 4,042 249,290 |
|||||
| 67,170 |
Page 16
Nottingham Community and Voluntary Service
Notes to the Financial Statements for the Year Ended 31 March 2022
9 Cash and cash equivalents
| 9 Cash and cash equivalents |
||
|---|---|---|
| Cash on hand Cash at bank |
2022 £ 41 3,757,387 3,757,428 |
2021 £ 331 239,721 |
| 240,052 |
10 Non-adjusting events after the financial period
Following the sale of the building during this financial year the Board set up an Investment Strategy. Investment advice was sought through Red IFA and they carried out due diligence on 3 investment management companies. In April 2022 a decision was made to invest £2,500,000 in a portfolio of shares managed by Charles Stanley.
11 Creditors: amounts falling due within one year
| 11 Creditors: amounts falling due within one year | ||
|---|---|---|
| Trade creditors Other loans Other taxation and social security Other creditors Accruals Deferred income |
2022 £ 30,680 - 5,729 519,346 3,132 35,765 594,652 |
2021 £ 6,958 100,000 14,690 2,039 3,238 35,945 |
| 162,870 |
Other creditors includes £517,353 (2021 - £nil) of grants that have been received to be redistributed and therefore these funds are not for the benefit of NCVS.
12 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 |
2022 £ 677 846 1,523 |
2021 £ 677 1,523 |
|---|---|---|
| 2,200 |
Page 17
Nottingham Community and Voluntary Service
Notes to the Financial Statements for the Year Ended 31 March 2022
13 Funds
| Unrestricted funds General General Designated Property fund Revaluation reserve Total unrestricted funds Restricted funds NCC Comm Assn Admin VCSEP & Liaison Lead Good Sam Project PDU Skills & Opportunity (Natwest) Ashfield Voluntary Action Captain Tom Community Champions Community Engagement (IAPT) DISPP Partnership Project 21/22 Green Space NCC Laptops Nottingham MBLC Changing Futures Self Isolation SMI Co-Production & Engagement State of Sector Report Thriving Communities NASP Thriving Communities Canal & River Trust VCSE Provider Alliance Network Total restricted funds |
Balance at 1 April 2021 £ 111,508 944,972 2,055,028 3,000,000 3,111,508 3,236 4,750 6,966 16,049 1,843 - - - - - - - - - - - - - - - 32,844 |
Incoming resources £ 120,608 - - - 120,608 10,011 5,500 - 60,179 - 42,550 1,002 74,058 60,000 35,000 125,904 60,000 11,755 4,130 71,464 115,000 11,900 1,250 6,740 10,000 706,443 |
Resources expended £ (195,761) - - - (195,761) (13,247) - (6,966) (67,048) (1,843) (42,550) (1,002) (10) (1,579) (35,000) (90,329) (2,529) (7,989) (2,130) (71,464) - (11,900) (1,250) (6,740) - (363,576) |
Transfers £ 3,000,000 (944,972) (2,055,028) (3,000,000) - - - - - - - - - - - - - - - - - - - - - - |
Balance at 31 March 2022 £ 3,036,355 - - |
|---|---|---|---|---|---|
| - | |||||
| 3,036,355 | |||||
| - 10,250 - 9,180 - - - 74,048 58,421 - 35,575 57,471 3,766 2,000 - 115,000 - - - 10,000 |
|||||
| 375,711 |
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Nottingham Community and Voluntary Service
Notes to the Financial Statements for the Year Ended 31 March 2022
| Total funds | Balance at 1 April 2021 £ 3,144,352 |
Incoming resources £ 827,051 |
Resources expended £ (559,337) |
Transfers £ - |
Balance at 31 March 2022 £ 3,412,066 |
|---|---|---|---|---|---|
The transfers from the Property fund and the Revaluation reserve represent the sale of the building and the release of any designation on these funds.
The specific purposes for which the funds are to be applied are as follows:
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.
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.
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. 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. Skills & Opportunity (Natwest) fund is to deliver the Enterprising Nottingham Programme of training and one to one support for social enterprises.
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.
Captain Tom funding is from the NHS Charities Together to fund six community groups to deliver positive messages about COVID vaccines, deliver culturally appropriate counselling services and to organise BAME self help groups.
Community Champions funding is a partnership between NCVS, Health and Nottingham City Council to train and develop volunteers to deliver positive messages about health and wellbeing and to help people to overcome vaccine hesitancy.
Community Engagement IAPT funding is to employ a Community Engagement Coordinator to work with community groups serving the South Asian population to find out why they don't access psychological therapies.
DISPP Partnership Project 21/22 funding is to work with disability focused organisations to help their members engage in physical activity towards better health outcomes.
Green Space funding is part of a national Green Social Prescribing pilot programme to test if peoples mental wellbeing can be helped by undertaking nature based activities rather than being prescribed medication. We work closely with community groups that are taking the referrals.
NCC Laptops for people that don't have access to technology for job search and CV writing. Referrals are made by community groups working with these individuals.
MBLC funding is for a Volunteer Coordinator to work with volunteers overcoming vaccination hesitancy within Nottingham's Black Communities.
Changing Futures is the continuation funding for the Practice Development Unit (PDU) which engages people working with those experiencing serious and multiple disadvantage in learning and development activities. Self Isolation support grants were distributed through a competitive grant process to organisations offering practical support to anyone self-isolating due to COVID. This included, but not limited to, things such as food parcel and medication delivery, dog walking and telephone support.
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Nottingham Community and Voluntary Service
Notes to the Financial Statements for the Year Ended 31 March 2022
SMI Co-production & Engagement funding to work with community organisations to find out why people with serious mental illness do not take up services.
State of the Sector Report funding to conduct a survey and then analyse the results to share with public sector and funding bodies.
Thriving Communities NASP funding is to distribute information to voluntary organisations about a learning programme about social prescribing. In partnership with National Academy for Social Prescribing. Thriving Communities Canal and River Trust funding to recruit and develop volunteers to assist people to take part in activities along the canal.
VCSE Provider Alliance Network funding to develop a governance model for the voluntary sector to interact with the Health and Care System with the potential aim of delivering public services under contract/subcontract.
| Unrestricted funds General General Designated Property fund NVAC repairs fund Revaluation reserve Total unrestricted funds Restricted NCC Comm Assn Admin Community Assets VCSEP & Liaison Lead Good Sam Project Ashfield Voluntary Action NHS Year 1 Integrated Volunteer Approaches Community Connector PDU Skills & Opportunity (Natwest) DISPP Partnership (NCC) Total restricted funds Total funds |
Balance at 1 April 2020 £ 145,172 944,972 50,000 2,055,028 3,050,000 3,195,172 2,057 - - - - - 23,751 11,035 7,292 23,120 67,255 3,262,427 |
Incoming resources £ 243,565 - - - - 243,565 10,777 9,989 9,500 10,449 14,925 1,500 - 52,904 - - 110,044 353,609 |
Resources expended £ (317,335) - - - - (317,335) (9,598) (9,989) (4,750) (3,483) (14,925) (1,500) (23,751) (47,890) (5,449) (33,014) (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 - 4,750 6,966 - - - 16,049 1,843 - |
|||||
| 32,844 | |||||
| 3,144,352 |
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Nottingham Community and Voluntary Service
Notes to the Financial Statements for the Year Ended 31 March 2022
14 Analysis of net assets between funds
Unrestricted
| Current assets Current liabilities Total net assets Tangible fixed assets Current assets Current liabilities Total net assets |
General £ 3,596,007 (559,652) 3,036,355 Unrestricted General £ Designated £ - 3,000,000 184,288 - (126,925) - 57,363 3,000,000 |
Restricted £ 410,711 (35,000) 375,711 Restricted £ - 122,934 (35,945) 86,989 |
2022 Total funds £ 4,006,718 (594,652) |
|---|---|---|---|
| 3,412,066 | |||
| 2021 Total funds £ 3,000,000 307,222 (162,870) |
|||
| 3,144,352 |
15 Related party transactions
During the year the charity made the following related party transactions:
Chris Ball
Wife of Chris Ball, Treasurer, is an independent financial advisor at Red IFA. Red IFA provided investment advice services to the value of £18,750 during the year.
At the balance sheet date the amount due to/from Chris Ball was £Nil (2021 - £Nil).
16 3rd party funds
| PCC Notts YANA |
Opening balances £ 10,763 2,953 13,716 |
Incoming resources £ 9,050 1,000 10,050 |
(Resources expended) £ (19,445) (1,113) (20,558) |
Total £ 368 2,840 |
|---|---|---|---|---|
| 3,208 |
17 Taxation
The charity is a registered charity and is therefore exempt from taxation.
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Nottingham Community and Voluntary Service
Notes to the Financial Statements for the Year Ended 31 March 2022
18 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.
19 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.
20 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:
| Accounting Plus are analysed as follows: | ||
|---|---|---|
| Independent examination Other financial services |
2022 £ 1,960 1,342 3,302 |
2021 £ 1,905 1,235 |
| 3,140 |
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