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2021-03-31-accounts

REGISTERED COMPANY NUMBER: 03703221 REGISTERED CHARITY NUMBER: 1075060

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

FOR

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

Read, Milburn & Co 71 Howard Street North Shields Tyne and Wear NE30 1AF

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Page
Report of the Trustees 1 to 9
Independent Examiner's Report 10
Statement of Financial Activities 11
Balance Sheet 12 to 13
Cash Flow Statement 14
Notes to the Financial Statements 15 to 30
Detailed Statement of Financial Activities 31 to 32

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objects

The charity’s Memorandum of Association states the charity’s objects as being "to promote any charitable purpose for the benefit of the community in the local government district of North Tyneside, and in particular the advancement of education, the protection of health and the relief of poverty, distress and sickness and in the furtherance of the said purposes but not further or otherwise to promote and organise co-operation in the achievement of the same and to that end to bring together in council representatives of the voluntary organisations and statutory authorities and agencies."

Strategic Objectives

The charity works to support volunteers and community organisations in North Tyneside to maximise their impact. VODA does this by pursuing the following objectives:

Public Benefit

The charity exists for the public benefit. VODA believes that volunteers and community organisations change people’s lives for the better. By delivering the strategic objective listed above the charity is contributing to a borough in which residents have access to good quality support services and are able to play an active role in supporting the health and wellbeing of others.

Page 1

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

ACHIEVEMENT AND PERFORMANCE

Due to the COVID19 coronavirus outbreak in the spring of 2020, normal operations were suspended on 23 March so that staff could be assigned to other duties. While many organisations effectively went into hibernation, closing their doors and furloughing any paid staff they had, others moved to online delivery of services. It quickly became apparent to VODA that there was never a greater need for volunteers. Food, prescriptions and utility top-ups, the things we all take for granted, were suddenly out of reach for those who were self-isolating and patients who, because they were clinically vulnerable, were shielding and unable to leave their home. With so many firms closing down for the duration, an army of volunteers suddenly became available as furloughed staff searched for things to keep themselves occupied with and often the basic desire to help the less fortunate in the community. VODA teamed up with North Tyneside Council to address issues that had never previously been encountered and formed partnerships with other organisations which also realised the potentially catastrophic effects of an unsupported society.

For their efforts VODA was a finalist in the North East Charity of the Year Award, and runner-up in the NAVCA CEO of the Year Award, but the real reward was the countless messages of gratitude from beneficiaries and partners.

Despite the pandemic the main activities for the year continued to focus on our core purpose of supporting volunteers and members of the voluntary and community sector across North Tyneside.

Objective One - Providing a full range of high-quality core services free to volunteers and voluntary and community organisations

VODA's accredited Volunteer Centre responded to 1,260 enquiries from local residents wishing to volunteer, matching them to a range of local organisations that were responding to increased need due to the pandemic.

The Volunteer Centre also moved meetings of the Volunteer Network online providing an opportunity for placement providers to come together to share good practice and offer peer support.

117 groups received free one-to-one support around issues such as funding, governance and furlough. A total of 303 support sessions were delivered remotely.

Keeping groups updated on COVID advice was a key feature of VODA’s work during the year with information being sent through social media channels. The number of visitors to our website and followers on our social media channels reached an all-time high.

Despite our usual face to face training provision being curtailed due to Covid-19 restrictions we were still able to offer a range of free masterclasses online covering key issues such as the safe use of PPE, re-opening community buildings and using Zoom and Teams to run meetings.

Page 2

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

ACHIEVEMENT AND PERFORMANCE - continued

Objective Two - Directly delivering programmes that enable volunteers to support local residents and voluntary and community organisations

VODA's Good Neighbours project was rapidly scaled up to meet the needs of local residents who were required to shield due to being deemed Clinically Extremely Vulnerable. 430 new volunteers stepped up to support 3,200 local residents with access to shopping, prescriptions and food parcels.

The Digital Champions project focused on the use of computers, tablets, smart phones and other devices as an aid to independent living. Altogether, 35 Digital Champion volunteers undertook a total of 67 tasks covering a wide range of issues from the general operation of devices to using email and social media.

A Community Health Champions project was established to share high quality, accurate and relevant information to individuals and VCS organisations about COVID19 and the vaccination programme. The messages were particularly pertinent to more vulnerable segments of the community which included ethnically diverse residents. It is estimated that 118 Health Champions delivered health messages directly to at least 680 residents and indirectly to a further 16,820 people of which 23% were from minority ethnic backgrounds.

VODA led on the North Tyneside Oximetry@Home Service recruiting and co-ordinating volunteers to deliver pulse oximeters to the homes of Covid-positive patients. This service helped to manage patients at home thereby avoiding unnecessary admissions to hospital which, in turn, freed-up resources for those with more severe, and potentially life-threatening, symptoms.

VODA co-ordinated 163 stewarding volunteers who signed up to support the GP-led vaccination programme in North Tyneside. Clinics at the Langdale Centre, Oxford Centre and The Parks administered vaccinations to thousands of local residents. In total 6,093 volunteer hours were donated during the reporting period.

During Lockdown VODA's NT Life Recovery College was able to maintain regular contact with local residents whose mental health may be additional vulnerable. Participants received regular arts and crafts activities in the post and 250 Little Boxes of Hope were distributed to help people maintain positive mental health and wellbeing during difficult circumstances.

Objective Three - Providing a number of chargeable services that are in demand but which lie outside of our free core services

VODA's Finance Team continued to offer a paid-for Community Accountancy and Payroll service.

VODA continued to offer a film making and animation service helping groups to promote and document their work. A series of short volunteer training animations created by VODA at the beginning of lockdown were purchased by 32 different organisations across the country.

Page 3

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

ACHIEVEMENT AND PERFORMANCE - continued

Objective Four - Ensuring the VCS has a strong voice, is respected and is involved in decision making as an equal partner

In partnership with North Tyneside Council, VODA planned and delivered a programme of online 'Working with the VCS' events bringing together colleagues from the voluntary and community sector, local authority, public health, Clinical Commissioning Group and private sector.

VODA played in a key role in helping to shape the Covid Response Plan across the borough, creating opportunities for VCS organisations to be resourced to play their part.

VODA's Chief Executive, Robin Fry, continued in his role of the North of Tyne Mayor's VCSE Ambassador

VODA's Chief Executive, Robin Fry, continued to represent the voluntary and community sector at strategic meetings such as the North Tyneside Strategic Partnership and North Tyneside Cabinet.

Objective Five - Facilitating stronger mutually beneficial partnerships between VCS organisations and other sectors

At the beginning of the pandemic VODA supported North Tyneside Council to establish a Local Support System with the ability to make referrals to essential local services delivered by key partners.

VODA was the lead partner in the Winter Support Network providing vulnerable residents with essential provisions to help keep them safe and warm over the winter months. The Network of 12 organisations reached some 695 beneficiaries

Through VODA's Ending Loneliness Partnership a range of service providers worked together to help tackle loneliness and isolation amongst older people across the borough.

VODA continued to work alongside health initiatives such as Social Prescribing and Primary Care Networks to develop strong relationships between the VCS, health services and local residents.

FINANCIAL REVIEW

At the balance sheet date, the charity held funds of £490,676 (2020 - £285,242) of which £240,343 (2020 - £98,073) was subject to restriction. Free reserves amounted to £195,872 (2020 - £140,942). Details of designations and the charity's reserves policy can be found below.

Principal funding sources

Continued support from North Tyneside Council for core activities has enabled the charity to secure funding from a range of different sources, both in terms of grants and contracts.The trustees are grateful to all VODA's funders, details of whom can be found in the accounts.

Page 4

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

FINANCIAL REVIEW - continued

Other income sources

Developing income streams other than grants and contracts is increasingly important for the future financial stability of the organisation. VODA has pursued opportunities for the generation of earned income during the reporting year, particularly in the fields of film-making and finance services.

Investment policy

Aside from retaining a prudent amount in reserves each year, most of the charity's funds are to be spent in the short term, mainly to support the cash flow situation. Having considered the options available the trustees have decided that any surplus funds should be transferred to an appropriate interest bearing account on a regular basis. The transfer is managed by the Finance Officer and Chief Executive, and all trustees are updated on income generated as part of the normal financial reporting procedure.

Reserves policy

The trustees have examined the charity's requirements for reserves in light of the main risks to the organisation. In recognition of the significant number of projects which the organisation operates, the trustees have established a policy whereby unrestricted funds not committed or invested in tangible fixed assets held by the charity should be six months of core running costs.

In addition, VODA has a designated fund - The Legal Liability Fund, which will cover winding up and redundancy costs. Our most recent calculations show that we must set aside £54,461 for this. This is reviewed on an annual basis.

FUTURE PLANS

The charity plans to continue furthering the strategic objective outlined above in the forthcoming years subject to satisfactory funding arrangements. The trustees have recognised that given the current financial climate it is necessary to regularly review the services VODA offers, and deliver them more efficiently and effectively wherever possible. Partnership working and collaboration will continue to be an important part of VODA's work.

Trustees are aware of the potential risks which the organisation is exposed to when taking on a lead body status for any new contracts, and policies and procedures have been developed to mitigate this risk. Senior staff update trustees on any potential risks before developing new partnerships.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The organisation is a charitable company limited by guarantee, incorporated on 28 January 1999 and registered as a charity on 12 April 1999. The Company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1.

Page 5

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT - continued

Recruitment and appointment of new trustees

The trustees of the charitable company are also charity trustees for the purposes of Charity Law. Under the requirements of the Memorandum and Articles of Association, one third of the Directors must stand down each year, those longest in office retiring first and the choice between any of equal service being made by drawing lots.

As the infrastructure organisation supporting volunteers and voluntary and community groups in North Tyneside, the Board seeks to ensure that its membership reflects a broad range of experience and knowledge. During the year new groups and individuals were welcomed into membership and all members were invited to nominate new Board members.

Organisational structure

North Tyneside VODA has a Board of Trustees of between 3 and 18 members who meet 6 times per annum and are responsible for the strategic direction and policy of the charity. In addition the trustees are involved in a finance sub-committee.

Operational management

A scheme of delegation is in place and day to day responsibility for the management of the organisation and the provision of its services rests with the Chief Executive and management team.

Induction and training of new trustees

All new trustees are invited and encouraged to attend a short induction session to familiarise themselves with the charity and the context within which it operates. This is jointly led by the Chair of the Board of Directors and the Chief Executive and covers:

During this session reference is made to their copy of the trustees' handbook, which includes:

Related parties

As the local infrastructure body VODA works locally, regionally and nationally to further the interests of the voluntary and community sector in North Tyneside. This involves partnership work at both strategic and operational levels with other voluntary and community organisations, funders and public sector bodies.

Page 6

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT - continued

Risk management

The Board of Trustees conduct an annual review of the major risks to which the charity is exposed - a strategic risk assessment. In addition an annual health and safety risk assessment is undertaken and reviewed in detail by the Board. A risk management and disaster recovery framework was developed in 2006. VODA continues to work with its insurers to minimise risks.

Internal control risks are minimised by the implementation of policies and procedures, which are subject to an annual review.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

03703221

Registered Charity number

1075060

Registered office

Linskill Centre Linskill Terrace North Shields Tyne and Wear NE30 2AY

Trustees

Trustees who served during the reporting year are as follows:

Linda Hoffman (Chair) Angela Radojcic (Vice Chair) Julie Eastlake (Treasurer) Hazel Parrack David Bavaird Peter Thomas Rob Gibbons (stood down 30 November 2020) Ray Lowry Richard Hart Alan Hall Louise Patterson (elected 15 January 2021) Andy Burtenshaw (elected 23 November 2020) Phil Hornby (elected 23 November 2020)

Page 7

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

REFERENCE AND ADMINISTRATIVE DETAILS - continued

Personnel

At the year end the Management Team members responsible for day-to-day management of the Charity as delegated by the Board were:

Robin Fry - Chief Executive and Company Secretary Keith Hardy - Core Services Manager Josie Robinson - Ending Loneliness Co-ordinator Phil Bagnall - Operations Manager Mark Thompson - Finance Manager

At the year-end there was a total of 22 staff. 9 were full time and 13 part time.

Independent examiner

Read, Milburn & Co 71 Howard Street North Shields Tyne and Wear NE30 1AF

Bankers

Unity Trust Bank plc Nine Brindleyplace Birmingham B1 2HB

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of North Tyneside Voluntary Organisations Development Agency for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which 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 the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

Page 8

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

STATEMENT OF TRUSTEES' RESPONSIBILITIES – continued

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to 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.

Approved by order of the board of trustees on 17 November 2021 and signed on its behalf by:

Mrs L Hoffman - Trustee

Page 9

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

Independent examiner's report to the trustees of North Tyneside Voluntary Organisations Development Agency ('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 your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Institute of Chartered Accountants in England and Wales 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:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. 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

  4. 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.

Nicholas Liley FCA Institute of Chartered Accountants in England and Wales Read, Milburn & Co

15 December 2021

Page 10

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
12,530
Charitable activities
4
Grant funded activities
-
Income generating activities
99,163
Investment income
3
1,698
Other income
-
Total
113,391
EXPENDITURE ON
Charitable activities
5
Grant funded activities
-
Income generating activities
50,227
Total
50,227
NET INCOME
63,164
RECONCILIATION OF FUNDS
Total funds brought forward
187,169
TOTAL FUNDS CARRIED FORWARD
250,333		 Restricted
funds
£
1,250
724,355
-
-
-
725,605
583,335
-
583,335
142,270
98,073
240,343		 2021
Total
funds
£
13,780
724,355
99,163
1,698
-
838,996
583,335
50,227
633,562
205,434
285,242
490,676		 2020
Total
funds
£
11,701
478,494
103,826
2,352
100
596,473
378,811
126,529
505,340
91,133
194,109
285,242

The notes form part of these financial statements

Page 11

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY (REGISTERED NUMBER: 03703221)

BALANCE SHEET 31 MARCH 2021

Notes
CURRENT ASSETS
Debtors
13
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
14
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
16
Unrestricted funds:
General fund
Legal liability fund
Restricted funds
TOTAL FUNDS		 2021
£
77,912
509,629
587,541
(96,865)
490,676
490,676
490,676
195,872
54,461
250,333
240,343
490,676		 2020
£
24,495
279,631
304,126
(18,884)
285,242
285,242
285,242
140,942
46,227
187,169
98,073
285,242

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The notes form part of these financial statements

continued...

Page 12

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY (REGISTERED NUMBER: 03703221)

BALANCE SHEET - continued 31 MARCH 2021

The trustees acknowledge their responsibilities for

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

The financial statements were approved by the Board of Trustees and authorised for issue on 17 November 2021 and were signed on its behalf by:

Mrs L Hoffman - Trustee

Ms J Eastlake - Trustee

The notes form part of these financial statements

Page 13

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2021

Notes
Cash flows from operating activities
Cash generated from operations
18
Net cash provided by operating activities
Cash flows from investing activities
Interest received
Net cash provided by investing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 2021
£
228,300
228,300
1,698
1,698
229,998
279,631
509,629		 2020
£
42,289
42,289
2,352
2,352
44,641
234,990
279,631

The notes form part of these financial statements

Page 14

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received, the amount can be measured reliably and is not deferred.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 33% on cost and 20% on cost

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Page 15

continued...

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

1. ACCOUNTING POLICIES - continued

Debtors

Trade and other debtors (including prepayments) are recognised at the settlement amount due or amount prepaid).

Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments.

Creditors

Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount..

Financial instruments

All financial assets and financial liabilities of the charity qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

2. DONATIONS AND LEGACIES

Donations
Grants
Grants received, included in the above, are as follows:
The Rothley Trust
The Hadrian Trust
The Joicey Trust
Sir James Knott Trust
NAVCA		 2021
£
1,780
12,000
13,780
2021
£
1,000
-
3,000
5,000
3,000
12,000		 2020
£
701
11,000
11,701
2020
£
1,000
2,000
3,000
5,000
-
11,000

Grants received, included in the above, are as follows:

Page 16

continued...

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

3.
INVESTMENT INCOME
Deposit account interest
4.
INCOME FROM CHARITABLE ACTIVITIES
Grant
funded
activities
£
Payroll & community accounts
-
Self generated income
-
Grants
724,355
724,355
Grants received, included in the above, are as follows:
Core Services (North Tyneside Council)
Supported Volunteering
Good Neighbours
Moving On Tyne & Wear
North Tyneside Recovery College
SAINT
Youth Volunteering
#iwill Project
Recovery College
Ending Lonliness
Health Link Worker
North Shields Collaboration Fund
On Board North Tyneside
REACH
Winter Support Network
Legacy funding (North Tyneside Council)
COVID Support
Good Neighbours
COVID Support
NET-DCMS
Community Health Champions
Carried forward		 Income
generating
activities
£
26,978
2,185
70,000
99,163		 2021
£
1,698
2021
Total
activities
£
26,978
2,185
794,355
823,518
2021
£
60,000
18,326
39,814
29,943
72,000
13,152
10,000
-
-
122,021
-
-
-
-
40,000
-
10,000
5,000
10,000
25,000
41,350
496,606		 2020
£
2,352
2020
Total
activities
£
26,394
12,432
543,494
582,320
2020
£
60,000
21,823
37,918
41,891
35,000
41,385
10,000
22,496
13,368
116,421
60,670
5,000
10,000
7,392
40,000
20,130
-
-
-
-
-
543,494

continued...

Page 17

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

4. INCOME FROM CHARITABLE ACTIVITIES - continued

INCOME FROM CHARITABLE ACTIVITIES - continued
Brought forward
Digital Inclusion (North of Tyne CA)
COVID Support
Heritage Action Zone
Living Well North Tyneside
National Health Charities Together
Oximetry at Home
IT Equipment
Suicide Prevention Network
Mass Vaccination Programme
VCS Digital
Yound Persons' Recovery College
Self-Isolation Magazine		 2021
£
496,606
39,644
47,754
6,490
50,000
6,000
14,600
20,280
2,000
8,800
12,833
86,848
2,500
794,355		 2020
£
543,494
-
-
-
-
-
-
-
-
-
-
-
-
543,494

5. CHARITABLE ACTIVITIES COSTS

Grant funded activities
Income generating activities		 Direct
Costs (see
note 6)
£
503,861
20,640
524,501		 Support
costs (see
note 7)
£
79,474
29,587
109,061		 Totals
£
583,335
50,227
633,562

continued...

Page 18

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

6. DIRECT COSTS OF CHARITABLE ACTIVITIES

2021
£
Staff costs
403,164
Volunteer expenses
8,975
Sessional workers fees
910
Events
1,150
Advertising and promotions
2,667
Staff travel
3,702
Recruitment and training
-
Learning / training materials
16,217
Meetings
-
Training fees
628
Venue costs
11,422
Partners
75,666
Workshop
-
524,501
7.
SUPPORT COSTS
Office
and
Governance
administration
costs
£
£
Grant funded activities
79,474
-
Income generating activities
26,377
3,210
105,851
3,210
8.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
2021
£
Payments under operating leases
394
Independent Examiner's remuneration (including irrecoverable VAT)
3,210		 2020
£
360,954
3,578
5,950
2,085
1,518
6,954
855
9,131
850
879
8,154
50,946
189
452,043
Totals
£
79,474
29,587
109,061
2020
£
16,913
3,210

continued...

Page 19

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.

10. STAFF COSTS

STAFF COSTS
Wages and salaries
Social security costs
Other pension costs		 2021
£
365,501
22,187
15,476
403,164		 2020
£
327,524
19,657
13,773
360,954

The key management personnel comprise the trustees and the Chief Executive. The total employee benefits of the key management personnel, including Social Security were £46,308 (2020 - £34,531).

The average monthly number of employees during the year was as follows:

2021 2020
Staff 20 18

No employees received emoluments in excess of £60,000.

continued...

Page 20

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

11.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
funds
funds
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
11,020
681
Charitable activities
Grant funded activities
15,130
463,364
Income generating activities
103,826
-
Investment income
2,352
-
Other income
100
-
Total
132,428
464,045
EXPENDITURE ON
Charitable activities
Grant funded activities
-
378,811
Income generating activities
126,529
-
Total
126,529
378,811
NET INCOME
5,899
85,234
RECONCILIATION OF FUNDS
Total funds brought forward
181,270
12,839
TOTAL FUNDS CARRIED FORWARD
187,169
98,073		 Total
funds
£
11,701
478,494
103,826
2,352
100
596,473
378,811
126,529
505,340
91,133
194,109
285,242

continued...

Page 21

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

12.
TANGIBLE FIXED ASSETS
COST
At 1 April 2020
Disposals
At 31 March 2021
DEPRECIATION
At 1 April 2020
Eliminated on disposal
At 31 March 2021
NET BOOK VALUE
At 31 March 2021
At 31 March 2020
13.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Prepayments and accrued income		 Plant and
machinery
£
5,088
(5,088)
-
5,088
(5,088)
-
-
-
2021
2020
£
£
68,559
6,692
9,353
17,803
77,912
24,495

continued...

Page 22

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income		 2021
£
10,661
7,289
2,494
76,421
96,865		 2020
£
2,514
6,026
2,134
8,210
18,884

Deferred Income

Included within Accruals and Deferred Income are the following amounts comprising income received in advance of delivery of the related services or expenditure incurred.

Balance at 1 April 2020
Released to income from charitable activities

Amount deferred in year

Balance at 31 March 2021
 £
5,000
(5,000)
71,668
71,668

15. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted
funds
£
Current assets
265,942
Current liabilities
(15,609)
250,333		 Restricted
funds
£
321,599
(81,256)
240,343		 2021
Total
funds
£
587,541
(96,865)
490,676		 2020
Total
funds
£
304,126
(18,884)
285,242

continued...

Page 23

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

16. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Legal liability fund
Restricted funds
Winter Support Network
Good Neighbours
North Tyneside Recovery College
SAINT
Youth Volunteering
#iwill
Volunteering
Ending Loneliness
Health Link Worker
On Board North Tyneside
REACH
Community Health Champions
Digital Inclusion in North Tyneside
Living Well North Tyneside
National Health Charities Together
Oximetry at Home
Young Persons' Recovery College
TOTAL FUNDS		 At 1/4/20
£
140,942
46,227
187,169
99
-
-
6,946
3,603
13,368
843
28,580
35,286
5,652
3,696
-
-
-
-
-
-
98,073
285,242		 Net
movement
in funds
£
63,164
-
63,164
(99)
5,000
20,921
(6,946)
(1,803)
(117)
-
4,199
(30,286)
(5,652)
(3,696)
12,000
7,000
48,412
6,000
1,000
86,337
142,270
205,434		 Transfers
between
funds
£
(8,234)
8,234
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 At
31/3/21
£
195,872
54,461
250,333
-
5,000
20,921
-
1,800
13,251
843
32,779
5,000
-
-
12,000
7,000
48,412
6,000
1,000
86,337
240,343
490,676

continued...

Page 24

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

16. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Winter Support Network
Good Neighbours
Supported Volunteering
Moving On Tyne & Wear
North Tyneside Recovery College
SAINT
Youth Volunteering
#iwill
Ending Loneliness
Health Link Worker
On Board North Tyneside
REACH
Covid Support
NET-DCMS
Community Health Champions
Digital Inclusion in North Tyneside
Heritage Action Zone
Living Well North Tyneside
National Health Charities Together
Oximetry at Home
IT Equipment
Suicide Prevention Network
Mass Vaccination Programme
VCS Digital
Young Persons' Recovery College
Self-Isolation Magazine
TOTAL FUNDS		 Incoming
resources
£
113,391
40,000
44,814
18,326
29,943
72,000
13,152
10,000
-
122,021
-
-
-
59,004
25,000
41,350
39,644
6,490
50,000
6,000
14,600
20,280
2,000
8,800
12,833
86,848
2,500
725,605
838,996		 Resources
Movement
expended
in funds
£
£
(50,227)
63,164
(40,099)
(99)
(39,814)
5,000
(18,326)
-
(29,943)
-
(51,079)
20,921
(20,098)
(6,946)
(11,803)
(1,803)
(117)
(117)
(117,822)
4,199
(30,286)
(30,286)
(5,652)
(5,652)
(3,696)
(3,696)
(59,004)
-
(25,000)
-
(29,350)
12,000
(32,644)
7,000
(6,490)
-
(1,588)
48,412
-
6,000
(13,600)
1,000
(20,280)
-
(2,000)
-
(8,800)
-
(12,833)
-
(511)
86,337
(2,500)
-
(583,335)
142,270
(633,562)
205,434

Page 25

continued...

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

16. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Legal liability fund
Restricted funds
Winter Support Network
Moving On Tyne & Wear
SAINT
Youth Volunteering
#iwill
Volunteering
Small Sparks
Ending Loneliness
Health Link Worker
On Board North Tyneside
REACH
TOTAL FUNDS		 At 1/4/19
£
137,953
43,317
181,270
-
1,151
6,797
-
2,153
2,488
250
-
-
-
-
12,839
194,109		 Net
movement
in funds
£
5,899
-
5,899
99
(1,151)
149
3,603
11,215
(1,645)
(250)
28,580
35,286
5,652
3,696
85,234
91,133		 Transfers
between
funds
£
(2,910)
2,910
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 At
31/3/20
£
140,942
46,227
187,169
99
-
6,946
3,603
13,368
843
-
28,580
35,286
5,652
3,696
98,073
285,242

Page 26

continued...

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

16. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Winter Support Network
Good Neighbours
Supported Volunteering
Moving On Tyne & Wear
North Tyneside Recovery College
SAINT
Youth Volunteering
#iwill
Volunteering
Small Sparks
Ending Loneliness
Health Link Worker
North Shields Collaboration Fund
On Board North Tyneside
REACH
TOTAL FUNDS		 Incoming
resources
£
132,428
40,000
37,970
21,823
41,891
35,020
41,944
10,000
35,914
-
-
116,421
60,670
5,000
10,000
7,392
464,045
596,473		 Resources
Movement
expended
in funds
£
£
(126,529)
5,899
(39,901)
99
(37,970)
-
(21,823)
-
(43,042)
(1,151)
(35,020)
-
(41,795)
149
(6,397)
3,603
(24,699)
11,215
(1,645)
(1,645)
(250)
(250)
(87,841)
28,580
(25,384)
35,286
(5,000)
-
(4,348)
5,652
(3,696)
3,696
(378,811)
85,234
(505,340)
91,133

Legal liability fund

The legal liability fund was established in 2013 to set aside reserves for redundancies and the potential costs associated with the closure of the charity.

Restricted funds

The restricted funds represent the income and associated costs related to a number of projects and courses run by the charity during the financial year, as follows.

Winter Support Network (North Tyneside CCG)

VODA was the lead partner in the Winter Support Network providing vulnerable residents with essential provisions to help keep them safe and warm over the winter months.

Good Neighbours (North Tyneside Council and Community Foundation)

The Good Neighbours project is funded by North Tyneside Council and the Community Foundation to provide essential volunteer support to local residents.

continued...

Page 27

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

16. MOVEMENT IN FUNDS - continued

Moving On Tyne & Wear (European Social Fund / National Lottery Community Fund)

The Moving On Tyne and Wear project offers employability support to out of work residents, with VODA's Volunteer Centre as a key local partner.

North Tyneside Recovery College (North Tyneside CCG)

VODA's NT Life Recovery College project is funded by North Tyneside Clinical Commissioning Group to facilitate peer to peer support for people experiencing poor mental health and wellbeing. Additional find has been secured via the CCG to explore establishing a young person's version of this service.

Young Persons' Recovery College (North Tyneside CCG)

Funding has been secured to explore opportunities to work with partners to establish a young person's version of the adult Recovery College currently facilitated by VODA.

SAINT (National Lottery Community Fund)

VODA's Social Action in North Tyneside (SAINT) project, also funded by the NLCF, entered its third and final contracted year of delivery.

iwill (Virgin Money Foundation / Procter & Gamble)

Support for young people to take part in volunteering and social action was provided via VODA's #iwill project and Volunteer Centre activity thanks to funding from the Virgin Money Foundation and The Wellesley Trust.

Ending Loneliness (National Lottery Community Fund)

The Ending Loneliness in North Tyneside partnership is funded by the National Lottery Community Fund (NLCF), with VODA taking on the role as lead organisation. The partnership seeks to tackle the growing issues of loneliness and isolation by developing a co-ordinated offer of advice, support and social contact.

Health Link Worker (North Tyneside CCG)

The CCG also funded a new North Shields Wellbeing Facilitator post hosted by VODA developing new ways of working between the VCS and health professionals to enable residents in North Shields to better manage their health and wellbeing.

NET-DCMS (Community Foundation)

National Emergencies Trust funding was provided by the Community Foundation to enable VODA to respond to the needs of local groups during the pandemic as well as supporting volunteers to play their part.

Community Health Champions (North Tyneside Council)

The Community Health Champions project was funded by North Tyneside Council to establish a pool of community leaders who could share trusted health messages relating to Covid 19 and the vaccination programme.

continued...

Page 28

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

16. MOVEMENT IN FUNDS - continued

Digital Inclusion in North Tyneside (National Lottery Community Fund)

The Digital Inclusion project was funded by the National Lottery Community Fund to enable volunteers to offer digital support to local residents. The funding was also used towards the development of the Living Well North Tyneside platform.

Living Well North Tyneside (Tyne Health)

Funding was secured by North Tyneside CCG towards the development of the Living Well North Tyneside platform. This duding is being managed by VODA on behalf of a wider cross-sector partnership of organisations.

VODA received additional funding from North Tyneside Council to increase its offer of support during the pandemic. This included a rapid scaling up of the Good Neighbours volunteer service as well as leading on a number of publications for local residents promoting the support available from VCS partners.

Other Restricted Funds Source Supported Volunteering North Tyneside CCG Youth Volunteering The Wellesley Trust (Community Foundation) Volunteering Santander North Shields Collaboration Fund On Board North Tyneside Awards for All REACH Covid Support North Tyneside Council / Awards for All / Community Foundation Heritage Action Zone North Tyneside Council National Health Charities Together NTW Solutions Oximetry at Home North Tyneside CCG IT Equipment Sage Foundation Suicide Prevention Network NHS North Cumbria Mass Vaccination Programme Tyne Health VCS Digital North Tyneside Council Self-Isolation Magazine North Tyneside Council

continued...

Page 29

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

17. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2021.

18. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income for the reporting period (as per the Statement of
Financial Activities)
Adjustments for:
Interest received
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash provided by operations		 2021
£
205,434
(1,698)
(53,417)
77,981
228,300		 2020
£
91,133
(2,352)
30,785
(77,277)
42,289

19.. ANALYSIS OF CHANGES IN NET FUNDS

At 1/4/20 Cash flow At 31/3/21
£ £ £
Net cash
Cash at bank and in hand 279,631 229,998 509,629
279,631 229,998 509,629
Total 279,631 229,998 509,629

20. LEGAL STATUS

North Tyneside Voluntary Organisations Development Agency is a company limited by guarantee, registered in England and Wales and has no share capital. The company's registered number and registered office address can be found within Reference and Administrative Details.

The liability of members is limited. Every member promises, if the charity is dissolved while he, she or they remains a member or within 12 months afterwards, to pay up to £1 towards the costs of dissolution and the liabilities incurred by the charity while the contributor was a member.

Page 30

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Grants
Investment income
Deposit account interest
Charitable activities
Payroll & community accounts
Self generated income
Grants
Other income
Other income
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Social security
Pensions
Volunteer expenses
Sessional workers fees
Events
Advertising and promotions
Staff travel
Recruitment and training
Learning / training materials
Meetings
Carried forward		 2021
£
1,780
12,000
13,780
1,698
26,978
2,185
794,355
823,518
-
838,996
365,501
22,187
15,476
8,975
910
1,150
2,667
3,702
-
16,217
-
436,785		 2020
£
701
11,000
11,701
2,352
26,394
12,432
543,494
582,320
100
596,473
327,524
19,657
13,773
3,578
5,950
2,085
1,518
6,954
855
9,131
850
391,875

This page does not form part of the statutory financial statements

Page 31

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

Charitable activities
Brought forward
Training fees
Venue costs
Partners
Workshop
Support costs
Office and administration
Rent, rates, light and heat
Insurance & professional fees
IT support and maintenance
Telephone
Printing, postage and advertising
Office equipment
Governance costs
Accountancy and legal fees
Total resources expended
Net income		 2021
£
436,785
628
11,422
75,666
-
524,501
3,318
14,586
26,502
5,685
13,943
41,817
105,851
3,210
633,562
205,434		 2020
£
391,875
879
8,154
50,946
189
452,043
15,000
10,253
4,450
3,592
16,079
713
50,087
3,210
505,340
91,133

This page does not form part of the statutory financial statements

Page 32