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 2023
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 Christopher Ball Michael Khouri-Bent Jane Todd Will Burchell Matthew Posaner Eunice Campbell-Clark 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 2023.
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 (resigned 27 July 2023) Christopher Ball Jonathan Tallant (resigned 24 May 2022) Michael Khouri-Bent Richard Renwick (resigned 27 January 2023) Jane Todd Will Burchell (appointed 24 May 2022) Matthew Posaner (appointed 26 January 2023) Eunice Campbell-Clark (appointed 26 January 2023)
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 continued to work from home. We moved offices from Foxhall Business Centre, 2 King Street NG1 2AS to Loxley House, Station Street NG2 3NG in August 2022.
We adapted well to working from home and moved all training and network meetings online, which has proved successful. We have had a few in person events but online attendance still seems to be better attended.
The CRM continues to provide the backbone for our extensive communications. 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. The platform has maintained a steady number of individuals signing up for volunteering opportunities and 300 to 400 opportunities are available at any given time.
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 has increased, but this is restricted by the funding arrangements in place with various area and community based leads. We continue to offer most training online with some exceptions such as occasional safeguarding sessions in person.
The Green Social Prescribing Pilot delivered on behalf of the Nottingham and Nottinghamshire ICS has gone from strength to strength and has developed a Trusted Provider programme as well as issuing small grants to providers.
Page 3
Nottingham Community and Voluntary Service
Trustees' Report
The PDU has also been awarded additional resources in order to increase the reach of the platform under the Changing Futures Programme, as the legacy to Opportunity Nottingham.
We have two new Community Engagement roles to achieve better health outcomes for Nottingham's under represented populations. One is to increase awareness of Psychological Therapies amongst South Asian residents and the other is to increase take up of childhood vaccinations amongst Romanian speaking communities.
We have an important role in helping to facilitate representative partnerships which fully recognise the strengths, challenges and interests of our diverse local voluntary, community and social enterprise (VCSE) sector. Together, our networks are a voice for the voluntary sector in local, regional and national policy planning and development, leading to improved service delivery for all communities. Our work with Nottingham’s voluntary and community sector gives us a vast reach into the sector including local charities and community groups, not for profit organisations such as social enterprises and community interest companies, faith groups and communities of interest. Our reach is illustrated by the following examples:
-
This year more than 500 groups are provided with group and volunteer development support, consultancy and training.
-
Over 400 groups participate in our Provider Networks (Children & Young People, Vulnerable Adults and
-
Leaders of Volunteers).
• Our e-bulletin and social media channels reach over 5,000 combined subscribers.
• We bring our knowledge of the sector to the Health & Wellbeing Board, One Nottingham Board, The Growth Board, Nottingham Place Based Partnership Executive, The Nottingham & Nottinghamshire Integrated Care System, among many others.
• We host a Green Social Prescribing Pilot, one of 7 national test and learn sites.
• We host a Practice Development Unit delivering learning and support for those working with people experiencing Severe and Multiple Disadvantage.
• We are working in partnership with the Integrated Care Board on a Social Prescribing and Community Development programme.
- We are founder members of the N&N Integrated Care System VCSE Provider Alliance.
Financial review
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 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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". 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 the incoming resources and application of resources, including its income and expenditure, of the charitable company 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 accounting standards, comprising FRS 102 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 proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
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:
......................................... Jane Todd Trustee
Page 5
Nottingham Community and Voluntary Service
Independent Examiner's Report to the trustees of Nottingham Community and Voluntary Service ('the Company')
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 2023.
Responsibilities and basis of report
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner’s statement
Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member 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
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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
-
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, FAIA, 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 2023 (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 11 |
Unrestricted £ 52,549 14,999 67,548 (155,983) (155,983) (88,435) (88,435) 3,036,355 2,947,920 |
Restricted £ - 362,038 362,038 (508,857) (508,857) (146,819) (146,819) 375,711 228,892 |
Total 2023 £ 52,549 377,037 429,586 (664,840) (664,840) (235,254) (235,254) 3,412,066 3,176,812 |
Total 2022 £ 51,666 775,385 |
|---|---|---|---|---|
| 827,051 | ||||
| (559,337) | ||||
| (559,337) | ||||
| 267,714 | ||||
| 267,714 3,144,352 |
||||
| 3,412,066 |
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 11.
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 2023 (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)/income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 11 |
Unrestricted funds £ 51,666 68,942 120,608 (195,761) (195,761) (75,153) (75,153) 3,111,508 3,036,355 |
Restricted funds £ - 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 |
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 2023
| Note Fixed assets Investments 7 Current assets Debtors 8 Cash at bank and in hand 9 Creditors: Amounts falling due within one year 10 Net current assets Net assets Funds of the charity: Restricted income funds Restricted funds 11 Unrestricted income funds Unrestricted funds Total funds 11 |
2023 £ 2,500,000 69,606 729,369 798,975 (122,163) 676,812 3,176,812 228,892 2,947,920 3,176,812 |
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 |
For the financial year ending 31 March 2023 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 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 .................... 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 2023
| Note Cash flows from operating activities Net cash (expenditure)/income Working capital adjustments Decrease/(increase) in debtors 8 (Decrease)/increase in creditors 10 Decrease in deferred income 10 Net cash flows from operating activities Cash flows from investing activities Sale of tangible fixed assets Purchase of investments 7 Net cash flows from investing activities Cash flows from financing activities Repayment of loans and borrowings 10 Net (decrease)/increase 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 (Decrease)/increase in cash Cash outflow from repayment of loans Change in net (debt)/funds resulting from cash flows Net funds at 1 April 2022 Net funds at 31 March 2023 |
2023 £ (235,254) 179,684 (471,724) (765) (528,059) - (2,500,000) (2,500,000) - (3,028,059) 3,757,428 729,369 (3,028,059) - (3,028,059) 3,757,428 729,369 |
2022 £ 267,714 (182,120) 531,962 (180) |
|---|---|---|
| 617,376 | ||
| 3,000,000 - |
||
| 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 |
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 2023
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 2023
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 2023
Fixed asset investments
Fixed asset investments, other than programme related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal.
Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end.
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.
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 Donations from individuals Grants, including capital grants; Government grants |
Unrestricted funds General £ 47,508 41 5,000 52,549 |
Total 2023 £ 47,508 41 5,000 52,549 |
Total 2022 £ 46,562 - 5,104 |
|---|---|---|---|
| 51,666 |
Page 13
Nottingham Community and Voluntary Service
Notes to the Financial Statements for the Year Ended 31 March 2023
3 Income from charitable activities
| Grants Registration Rent Services Training & courses Sundry income |
Unrestricted funds General £ - 54 - 4,330 10,615 - 14,999 |
Restricted funds £ 362,038 - - - - - 362,038 |
Total 2023 £ 362,038 54 - 4,330 10,615 - 377,037 |
Total 2022 £ 706,443 567 54,316 - 11,530 2,529 |
|---|---|---|---|---|
| 775,385 |
4 Grants & donations
| 4 Grants & donations |
|||
|---|---|---|---|
| Active Notts and Active Derbyshire Ashfield Voluntary Action Community Action Derby Donations Gedling Borough Council Groundwork Greater Nottingham Heritage Buddies Mansfield CVS NHS England Natural England NHS Nottingham Nottingham and Nottinghamshire Refugee Forum Nottingham City Council The Bestwood Partnership Trust Nottingham Hospitals Charity Nottingham Women's Centre Nottinghamshire Healthcare NHS Foundation Trust Robin Hood Charity Trust The Renewal Trust |
Unrestricted funds £ - - 2,000 41 - 2,250 - - - - - 7,206 5,000 4,000 - 2,052 - 26,000 4,000 52,549 |
Restricted funds £ 5,764 42,550 - - 9,775 - 8,000 46,000 600 4,000 188,493 2,000 40,000 - 12,856 - 2,000 - - 362,038 |
Total £ 5,764 42,550 2,000 41 9,775 2,250 8,000 46,000 600 4,000 188,493 9,206 45,000 4,000 12,856 2,052 2,000 26,000 4,000 |
| 414,587 |
Page 14
Nottingham Community and Voluntary Service
Notes to the Financial Statements for the Year Ended 31 March 2023
5 Expenditure on charitable activities
| Affiliation fees, memberships & subscriptions Bad debts Bank charges & fees Building expenditure Communications Grants repaid Internal charges & overheads IT costs Office costs & hospitality Printing Professional fees Project expenses & resources Publicity, marketing & events Staff costs (incl travel, freelance staff, recruitment & training) Sundry expenditure Grants made Consultancy External Room Hire External Trainers Insurance PayPal charges Premises Rent Removal Costs |
Unrestricted General funds £ Restricted funds £ 1,025 - 1,123 - 538 - - - 5,565 4,286 - 6,000 (113,899) 113,899 14,516 8,262 230 - 2,749 830 2,937 5,000 - - 696 4,059 214,819 203,299 73 - - 119,531 54 16,193 - 4,831 900 22,667 1,487 - 151 - 22,641 - 378 - 155,983 508,857 |
Total 2023 £ 1,025 1,123 538 - 9,851 6,000 - 22,778 230 3,579 7,937 - 4,755 418,118 73 119,531 16,247 4,831 23,567 1,487 151 22,641 378 664,840 |
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 |
6 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 |
2023 £ 371,979 24,501 14,467 - 410,947 |
2022 £ 338,258 21,260 13,155 13,272 |
|---|---|---|
| 385,945 |
Page 15
Nottingham Community and Voluntary Service
Notes to the Financial Statements for the Year Ended 31 March 2023
The monthly average number of persons (including senior management team) employed by the charity during the year was as follows:
| Average number of employees | 2023 No 17 |
2022 No 17 |
|---|---|---|
13 (2022 - 13) of the above employees participated in the Defined Contribution Pension Schemes.
Contributions to the employee pension schemes for the year totalled £14,467 (2022 - £13,155).
During the year, the charity made redundancy and/or termination payments which totalled £Nil (2022 - £13,272).
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 £Nil (2022 - £44,301).
7 Fixed asset investments
2023 £ Other investments 2,500,000
Page 16
Nottingham Community and Voluntary Service
Notes to the Financial Statements for the Year Ended 31 March 2023
Other investments
| Cost or Valuation Additions At 31 March 2023 Net book value At 31 March 2023 8 Debtors Trade debtors Prepayments Accrued income Other debtors 9 Cash and cash equivalents Cash on hand Cash at bank 10 Creditors: amounts falling due within one year Trade creditors Other taxation and social security Other creditors Accruals Deferred income |
Listed investments £ 2,500,000 |
Total £ 2,500,000 2,500,000 2,500,000 2022 £ 226,566 3,637 15,045 4,042 |
||
|---|---|---|---|---|
| 2,500,000 | ||||
| 2,500,000 | ||||
| 2023 £ 61,607 6,778 1,221 - 69,606 2023 £ 41 729,328 729,369 2023 £ 40,191 7,929 35,263 3,780 35,000 122,163 |
||||
| 249,290 | ||||
| 2022 £ 41 3,757,387 |
||||
| 3,757,428 | ||||
| 2022 £ 30,680 5,729 519,346 3,132 35,765 |
||||
| 594,652 |
Other creditors includes £32151 (2022 - £517353) of grants that have been received to be redistributed and therefore these funds are not for the benefit of NCVS.
Page 17
Nottingham Community and Voluntary Service
Notes to the Financial Statements for the Year Ended 31 March 2023
| 11 Funds Unrestricted funds General General Restricted funds VCSEP & Liaison Lead Community Champions PDU Community Engagement (IAPT) Green Space DISPP Partnership Project NCC Laptops Nottingham MBLC Changing Futures SMI Co-Production & Engagement VCSE Provider Alliance Network CCG Patient Engagement Ashfield Voluntary Action Community Engagement (Prevention) NNRF COI Small grants Captain Tom Gedling Borough Council Heritage Buddies Locality Social Prescribing & Community Development manager Nature Buddies Total restricted funds Total funds |
Balance at 1 April 2022 £ 3,036,355 10,250 74,048 9,180 58,421 35,575 - 57,471 3,766 2,000 115,000 10,000 - - - - - - - - - 375,711 3,412,066 |
Incoming resources £ 67,548 - - 45,545 - 86,312 35,000 - 7,856 - - - 44,550 66,000 2,000 5,000 9,775 8,000 - 48,000 4,000 362,038 429,586 |
Resources expended £ (155,983) (10,250) (71,752) (42,706) (20,629) (102,489) (36,598) (57,471) (11,622) (2,000) (65,550) (10,000) (39,337) (15,606) (260) (5,000) (2,028) (30) (287) (11,242) (4,000) (508,857) (664,840) |
Balance at 31 March 2023 £ 2,947,920 - 2,296 12,019 37,792 19,398 (1,598) - - - 49,450 - 5,213 50,394 1,740 - 7,747 7,970 (287) 36,758 - |
|---|---|---|---|---|
| 228,892 | ||||
| 3,176,812 |
Explanation of negative fund balances March 2023:
DISPP Partnership Project - This project is ongoing and will be completed in 2023. Locality - The expenditure incurred is pre project spending.
Page 18
Nottingham Community and Voluntary Service
Notes to the Financial Statements for the Year Ended 31 March 2023
The specific purposes for which the funds are to be applied are as follows:
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 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 22/23 funding 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 people's 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 reger.
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.
SMI Co-production & Engagement funding to work with community organisations to find out why people with Serious Mental Illness do not take up services.
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.
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.
Page 19
Nottingham Community and Voluntary Service
Notes to the Financial Statements for the Year Ended 31 March 2023
| Unrestricted funds General General Designated Property fund Revaluation reserve Total unrestricted funds Restricted NCC Comm Assn Admin VCSEP & Liaison Lead Ashfield Voluntary Action Good Sam Project Captain Tom Community Champions PDU Community Engagement (IAPT) DISPP Partnership Project 21/22 Skills & Opportunity (Natwest) 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 Total 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 3,144,352 |
Incoming resources £ 120,608 - - - 120,608 10,011 5,500 42,550 - 1,002 74,058 60,179 60,000 35,000 - 125,904 60,000 11,755 4,130 71,464 115,000 11,900 1,250 6,740 10,000 706,443 827,051 |
Resources expended £ (195,761) - - - (195,761) (13,247) - (42,550) (6,966) (1,002) (10) (67,048) (1,579) (35,000) (1,843) (90,329) (2,529) (7,989) (2,130) (71,464) - (11,900) (1,250) (6,740) - (363,576) (559,337) |
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 - - - 74,048 9,180 58,421 - - 35,575 57,471 3,766 2,000 - 115,000 - - - 10,000 |
|||||
| 375,711 | |||||
| 3,412,066 |
Page 20
Nottingham Community and Voluntary Service
Notes to the Financial Statements for the Year Ended 31 March 2023
12 Analysis of net assets between funds
| Fixed asset investments Current assets Current liabilities Total net assets Current assets Current liabilities Total net assets |
Unrestricted General £ 2,500,000 570,083 (122,163) 2,947,920 Unrestricted General £ 3,596,007 (559,652) 3,036,355 |
Restricted £ - 228,892 - 228,892 Restricted £ 410,711 (35,000) 375,711 |
2023 Total funds £ 2,500,000 798,975 (122,163) |
|---|---|---|---|
| 3,176,812 | |||
| 2022 Total funds £ 4,006,718 (594,652) |
|||
| 3,412,066 |
13 Related party transactions
There were no related party transactions in the year.
14 3rd party funds
| 14 3rd party funds | ||||
|---|---|---|---|---|
| Down Knives Gloves up YANA |
Opening balances £ 368 2,840 3,208 |
Incoming resources £ - - - |
(Resources expended) £ - (2,840) (2,840) |
Total £ 368 - |
| 368 |
15 Taxation
The charity is a registered charity and is therefore exempt from taxation.
Page 21
Nottingham Community and Voluntary Service
Notes to the Financial Statements for the Year Ended 31 March 2023
16 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.
17 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.
18 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 |
2023 £ 1,890 1,537 3,427 |
2022 £ 1,960 1,342 |
| 3,302 |
Page 22