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2022-03-31-accounts

REGISTERED COMPANY NUMBER: 03703221 REGISTERED CHARITY NUMBER: 1075060

REPORT OF THE TRUSTEES AND

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 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 2022

Page
Report of the Trustees 1 to 7
Report of the Independent Auditors 8 to 10
Statement of Financial Activities 11
Balance Sheet 12 to 13
Cash Flow Statement 14
Notes to the Financial Statements 15 to 31
Detailed Statement of Financial Activities 32 to 33

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

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 2022. 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 2022

ACHIEVEMENT AND PERFORMANCE

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

VODA issued 22 e-bulletins to an audience of circa 1500 subscribers. VODA's Facebook page reached 87,000 groups and individuals and the VODA website served 35,500 users.

To help upskill the VCSE sector workforce VODA launched a new online training portal, called Elements, in partnership with Connected Voice and Northumberland CVA. The first course, Good Governance, received over 200 enrolments.

253 free advice sessions were provided to 87 different groups covering areas such as funding, development, employment and finance. The majority of groups benefitting from this support were micro groups with no paid staff.

VODA's Volunteer Centre responded to 470 enquiries from local residents, providing access to 147 volunteering opportunities on behalf of 69 different organisations. VODA also developed an initiative working with Connected Voice, Newcastle Volunteer Centre and Northumberland Community Voluntary Action to create an area of excellence for volunteering across the North of Tyne Combined Authority area (Newcastle, North Tyneside and Northumberland).

VODA's Sector Connector project provided opportunities for local businesses to offer their support to VCSE sector organisations.

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

The Good Neighbours project enabled 203 volunteers to support 570 local residents with neighbourly tasks such as shopping and prescription collections as well as providing social support. A total of 1,709 volunteer hours were provided.

A series of hands-on micro-volunteering opportunities were delivered to enable people to get a taste of volunteering, helping them to overcome barriers to volunteering such as a lack of skills and confidence.

The NT LIFE Recovery College relocated to Meadow Well Connected and offered a programme of coproduced and co-delivered courses covering everything from Woodland Wellbeing to Mindfulness and Relaxation.

Page 2

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

ACHIEVEMENT AND PERFORMANCE - continued

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 supported 32 payroll clients and produced year-end accounts for 31 organisations. VODA's staff team also offered consultancy and multi-media support to member organisations and public sector partners.

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

VODA continued to attend and contribute to a multitude of strategic and operational meetings to ensure the voluntary sector is able to influence work across the borough. Meetings attended include North Tyneside Cabinet, North Tyneside Strategic Partnership, Future Care Board, North of Tyne VCSE Stakeholder group, Community Mental Health Transformation group and North Tyneside Business Forum.

VODA worked with Helix Arts and North Tyneside Council to give residents of North Tyneside the opportunity to share their personal stories of living through a pandemic. Helix Arts led participants in a series of conversations and creative workshops to capture their experiences.

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

A programme of online Working With the VCS events were facilitated in partnership with North Tyneside Council to provide an opportunity for VCSE sector organisations to come together with external partners to focus on key issues and receive updates. This included four locality events to introduce the new Primary Care Networks to the VCSE sector.

The new Living Well North Tyneside online platform was launched, helping to connect local communities with trusted information, services, activities and events. This work was led by VODA alongside a partnership of HealthWatch North Tyneside, North Tyneside CCG, North Tyneside Council, all four Primary Care Networks, Tyne Health, and the Community and Healthcare Forum.

FINANCIAL REVIEW

At the balance sheet date, the charity held funds of £604,604 (2021 - £490,676) of which £280,042 (2021 - £240,343) was subject to restriction. Free reserves amounted to £281,215 (2021 - £195,872). 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 3

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

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 £43,347 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 4

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

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:

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 5

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

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

Spirit of North Tyneside Wing, Second Floor, Wallsend Customer First Centre, Wallsend, NE28 8JR

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 Ray Lowry Richard Hart Alan Hall Louise Patterson Andy Burtenshaw Phil Hornby Laura Lowther (elected 23 November 2021) Jess Evans (elected 23 November 2021)

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 23 staff. 10 were full time and 13 part time.

Page 6

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

REFERENCE AND ADMINISTRATIVE DETAILS - continued

Auditors

Read, Milburn & Co, 71 Howard Street, North Shields, 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

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.

In so far as the trustees are aware:

AUDITORS

The auditors, Read, Milburn & Co, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Approved by order of the board of trustees on 14 October 2022 and signed on its behalf by:

Mrs L Hoffman - Trustee

Page 7

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

Opinion

We have audited the financial statements of North Tyneside Voluntary Organisations Development Agency (the 'charitable company') for the year ended 31 March 2022 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and the provisions available for small entities, in the circumstances set out in note 19 to the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

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

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

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

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Page 8

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

Opinions on other matters prescribed by the Companies Act 2006

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

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

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

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Page 9

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. In this regard, our procedures include the following:

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Other matters which we are required to address

The prior year's financial statements were not audited as the charitable company's income was below the exemption threshold.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Nicholas Liley (Senior Statutory Auditor) for and on behalf of Read, Milburn & Co 71 Howard Street North Shields Tyne and Wear

10 November 2022

Page 10

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2022

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
Grant funded activities
Income generating activities
Investment income
3
Other income
Total
EXPENDITURE ON
Charitable activities
5
Grant funded activities
Income generating activities
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
14,894
-
94,672
927
4,021
114,514
-
40,285
40,285
74,229
250,333
324,562		 Restricted
funds
£
-
1,096,458
-
-
-
1,096,458
1,056,759
-
1,056,759
39,699
240,343
280,042		 2022
Total
funds
£
14,894
1,096,458
94,672
927
4,021
1,210,972
1,056,759
40,285
1,097,044
113,928
490,676
604,604		 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

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements

Page 11

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

BALANCE SHEET 31 MARCH 2022

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
CREDITORS
Amounts falling due after more than one
year
15
NET ASSETS
FUNDS
17
Unrestricted funds:
General fund
Legal liability fund
Restricted funds
TOTAL FUNDS		 2022
£
138,875
1,861,438
2,000,313
(1,254,537)
745,776
745,776
(141,172)
604,604
281,215
43,347
324,562
280,042
604,604		 2021
£
77,912
509,629
587,541
(59,668)
527,873
527,873
(37,197)
490,676
195,872
54,461
250,333
240,343
490,676

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 2022

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 14 October 2022 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 2022

Notes
Cash flows from operating activities
Cash generated from operations
20
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		 2022
£
1,350,882
1,350,882
927
927
1,351,809
509,629
1,861,438		 2021
£
228,300
228,300
1,698
1,698
229,998
279,631
509,629

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 2022

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 2019)', 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.

The presentation currency of the financial statements is the Pound Sterling (£).

Going Concern

The financial statements are prepared on the going concern basis. In the opinion of trustees, no material uncertainties exist about the charity's ability to continue.

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.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

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 2022

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		 2022
£
5,144
9,750
14,894
2022
£
1,000
2,000
-
5,000
1,750
9,750		 2021
£
1,780
12,000
13,780
2021
£
1,000
-
3,000
5,000
3,000
12,000

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 2022

3.
INVESTMENT INCOME
Deposit account interest
4.
INCOME FROM CHARITABLE ACTIVITIES
Grant
Income
funded
generating
activities
activities
£
£
Payroll & community accounts
-
30,682
Self generated income
-
3,990
Grants
1,093,208
60,000
Other income
3,250
-
1,096,458
94,672
Grants received, included in the above, are as follows:
Core Services (North Tyneside Council [NTC])
Supported Volunteering (North Tyneside Clinical Commissioning
Group [CCG])
Good Neighbours (NTC)
Moving On Tyne & Wear (European Social Fund [ESF] / National
Lottery Community Fund [NLCF])
North Tyneside Recovery College (CCG)
SAINT (NLCF)
Youth Volunteering (Wellesley Trust, Community Foundation [CF])
#iwill Take Action Fund (Virgin Money)£
Ending Loneliness (NLCF)
Health Link Worker (North Shields Primary Care Network [PCN])
Winter Support Network (CCG)
Covid Support (CF)
Good Neighbours (CF)
Covid Support (NLCF)
Covid Support (NET-DCMS)
Community Health Champions (NTC)
Digital Inclusion (NLCF)
COVID Support (NTC)
Heritage Action Zone (Historic England)
Living Well North Tyneside (CCG)
Carried forward		 2022
£
927
2022
Total
activities
£
30,682
3,990
1,153,208
3,250
1,191,130
2022
£
60,000
18,363
65,802
30,549
106,500
-
-
26,720
116,421
34,471
-
-
-
-
-
30,000
-
-
26,796
27,333
542,955		 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
39,644
47,754
6,490
50,000
640,494

continued...

Page 17

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

4. INCOME FROM CHARITABLE ACTIVITIES - continued

Brought forward
North Tyneside Recovery College (National Health Charities
Together)
Oximetry at Home (CCG)
IT Equipment (Sage Foundation)
North Tyneside Recovery College (Suicide Prevention Network)
Vaccination Volunteers (Tyne Health)
VCS Digital Equipment (NTC)
Discovery College (CCG)
Shielding Magazine (NTC)
Ending Loneliness (NTC)
Living Well North Tyneside (NTC)
Living Well North Tyneside (NT PCNs)
Elements Training (NLCF)
Vaccination Volunteers (NW PCN/Priory Medical Group)
Best Start (NTC)
Covid Exhibition (NTC)
Digital First Primary Care (CCG)
Digital Doctor (NTC)
Discovery College (NTC)
Discovery College (Barnados)
Ethnically Diverse Health Work (NTC)
North Tyneside Leaders Together (NTC)
North of Tyne Volunteering (NLCF)
Test and Trace (NTC)
Vaccination Volunteers (NTC)
Vaccination Volunteers (PCNs)
VCS Health Inequalities Grant Programme (CCG and NTC)
Volunteero (NTC)		 2022
£
542,955
-
21,000
-
-
7,883
8,461
865
2,500
10,000
7,500
10,000
16,191
10,650
7,791
9,080
5,371
20,000
3,360
3,460
50
5,000
64,524
10,000
5,000
12,974
353,593
15,000
1,153,208		 2021
£
640,494
6,000
14,600
20,280
2,000
8,800
12,833
86,848
2,500
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
794,355

continued...

Page 18

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

5. CHARITABLE ACTIVITIES COSTS

Direct
Costs (see
note 6)
£
Grant funded activities
609,137
Income generating activities
7,033
616,170
6.
DIRECT COSTS OF CHARITABLE ACTIVITIES
Staff costs
Volunteer expenses
Sessional workers fees
Events
Advertising and promotions
Staff travel
Learning / training materials
Training fees
Venue costs
Partners
7.
GRANTS PAYABLE
Grant funded activities		 Grant
funding of
activities
(see note
7)
£
344,999
-
344,999		 Support
costs (see
note 8)
£
102,623
33,252
135,875
2022
£
457,506
5,980
2,000
3,229
1,842
4,476
1,905
4,039
2,597
132,596
616,170
2022
£
344,999		 Totals
£
1,056,759
40,285
1,097,044
2021
£
403,164
8,975
910
1,150
2,667
3,702
16,217
628
11,422
75,666
524,501
2021
£
-

continued...

Page 19

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

7. GRANTS PAYABLE - continued

The total grants paid to institutions during the year was as follows:

Quadrant Leisure CIC
Shiremoor Adventure Playground
Tyneside & Northumberland MIND
Deaf Awareness: NE
Smile Through Support
Whitley Bay Islamic Cultural Centre
Linskill and North Tyneside Development Trust
MHA Communities North Tyneside
Out of Sight
Age UK North Tyneside
North East Autism Society
LD:NorthEast
Support and Grow North East
Peer Talk Charitable Foundation
Versus Arthritis		 2022
£
28,200
17,860
29,792
19,000
17,452
22,735
29,846
22,880
15,000
29,916
21,002
27,550
10,000
23,766
30,000
344,999		 2021
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-

8. SUPPORT COSTS

8.
SUPPORT COSTS
Office
and
Governance
administration
costs
£
£
Grant funded activities
102,623
-
Income generating activities
28,452
4,800
131,075
4,800
9.
NET INCOME/(EXPENDITURE)		 Totals
£
102,623
33,252
135,875

Net income/(expenditure) is stated after charging/(crediting):

Auditors' remuneration
Independent Examiner's remuneration
Payments under operating leases		 2022
£
4,800
-
379		 2021
£
-
3,210
394

continued...

Page 20

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.

11. STAFF COSTS

STAFF COSTS
Wages and salaries
Social security costs
Other pension costs		 2022
£
412,014
26,964
18,528
457,506		 2021
£
365,501
22,187
15,476
403,164

The key management personnel comprise the trustees and the Chief Executive. The total employee benefits of the key management personnel, including Social Security were £46,832 (2021 - £46,308).

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

2022 2021
Staff 22 20

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

continued...

Page 21

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

12.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
funds
funds
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
12,530
1,250
Charitable activities
Grant funded activities
-
724,355
Income generating activities
99,163
-
Investment income
1,698
-
Total
113,391
725,605
EXPENDITURE ON
Charitable activities
Grant funded activities
-
583,335
Income generating activities
50,227
-
Total
50,227
583,335
NET INCOME
63,164
142,270
RECONCILIATION OF FUNDS
Total funds brought forward
187,169
98,073
TOTAL FUNDS CARRIED
FORWARD
250,333
240,343
13.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022
£
Trade debtors
28,731
Prepayments and accrued income
110,144
138,875		 Total
funds
£
13,780
724,355
99,163
1,698
838,996
583,335
50,227
633,562
205,434
285,242
490,676
2021
£
68,559
9,353
77,912

continued...

Page 22

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Trade creditors 3,769 10,661
Social security and other taxes 8,285 7,289
Other creditors 2,768 2,494
Accruals and deferred income 1,239,715 39,224
1,254,537 59,668
15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£ £
Accruals and deferred income 141,172 37,197
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 2021 71,668
Released to income from charitable activities (34,471)
Amount deferred in year 985,034
Balance at 31 March 2022 1,022,231
Grant Commitments
Included within Accruals and Deferred Income are the following grant commitments.
£
Grant commitments at 1 April 2021 -
New grant commitments charged to the SoFA during the year (see note 7) 344,999
Grants paid during the year -
Grant commitments at 31 March 2022 344,999

continued...

Page 23

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

16. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Current assets
Current liabilities
Long term liabilities
17.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Legal liability fund
Restricted funds
Good Neighbours
North Tyneside Recovery College
Youth Volunteering
#iwill Take Action Fund
Volunteering
Ending Loneliness
Health Link Worker
Community Health Champions
Digital Inclusion in North Tyneside
Living Well North Tyneside
Oximetry at Home
Discovery College
Elements Training
Best Start
Digital Doctor
North Tyneside Leaders Together
North of Tyne Volunteering
Volunteero
TOTAL FUNDS		 Unrestricted
funds
£
344,541
(19,979)
-
324,562
At 1/4/21
£
195,872
54,461
250,333
5,000
26,921
1,800
13,251
843
32,779
5,000
12,000
7,000
48,412
1,000
86,337
-
-
-
-
-
-
240,343
490,676		 Restricted
funds
£
1,655,772
(1,234,558)
(141,172)
280,042
Net
movement
in funds
£
74,229
-
74,229
(811)
32,579
(1,800)
13,360
-
(137)
(1,141)
(1,138)
(7,000)
(33,125)
(1,000)
-
15,330
935
12,500
2,875
252
8,020
39,699
113,928		 2022
Total
funds
£
2,000,313
(1,254,537)
(141,172)
604,604
Transfers
between
funds
£
11,114
(11,114)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 2021
Total
funds
£
587,541
(59,668)
(37,197)
490,676
At
31/3/22
£
281,215
43,347
324,562
4,189
59,500
-
26,611
843
32,642
3,859
10,862
-
15,287
-
86,337
15,330
935
12,500
2,875
252
8,020
280,042
604,604

continued...

Page 24

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

17. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
General fund
Restricted funds
Good Neighbours
Supported Volunteering
Moving On Tyne & Wear
North Tyneside Recovery College
Youth Volunteering
#iwill Take Action Fund
Ending Loneliness
Health Link Worker
Community Health Champions
Digital Inclusion in North Tyneside
Heritage Action Zone
Living Well North Tyneside
Oximetry at Home
Vaccination Volunteers
VCS Digital Equipment
Shielding Magazine
Elements Training
Best Start
Covid Exhibition
Digital First Primary Care
Digital Doctor
Discovery College
Ethnically Diverse Health Network
North Tyneside Leaders Together
North of Tyne Volunteering
Test and Trace
Health Inequalities Grant Programme
Volunteero
TOTAL FUNDS		 Incoming
resources
£
114,514
65,802
18,363
30,549
107,000
-
26,720
126,421
34,471
30,000
-
26,796
44,833
21,000
36,507
8,461
2,500
16,191
7,791
9,080
5,371
20,000
7,685
50
7,750
64,524
10,000
353,593
15,000
1,096,458
1,210,972		 Resources
expended
£
(40,285)
(66,613)
(18,363)
(30,549)
(74,421)
(1,800)
(13,360)
(126,558)
(35,612)
(31,138)
(7,000)
(26,796)
(77,958)
(22,000)
(36,507)
(8,461)
(2,500)
(861)
(6,856)
(9,080)
(5,371)
(7,500)
(7,685)
(50)
(4,875)
(64,272)
(10,000)
(353,593)
(6,980)
(1,056,759)
(1,097,044)		 Movement
in funds
£
74,229
(811)
-
-
32,579
(1,800)
13,360
(137)
(1,141)
(1,138)
(7,000)
-
(33,125)
(1,000)
-
-
-
15,330
935
-
-
12,500
-
-
2,875
252
-
-
8,020
39,699
113,928

Page 25

continued...

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

17. MOVEMENT IN FUNDS - continued

Comparatives for 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 Take Action Fund
Volunteering
Ending Loneliness
Health Link Worker
On Board North Tyneside
REACH
Community Health Champions
Digital Inclusion in North Tyneside
Living Well North Tyneside
Oximetry at Home
Discovery 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
26,921
(6,946)
(1,803)
(117)
-
4,199
(30,286)
(5,652)
(3,696)
12,000
7,000
48,412
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
26,921
-
1,800
13,251
843
32,779
5,000
-
-
12,000
7,000
48,412
1,000
86,337
240,343
490,676

Page 26

continued...

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

17. 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 Take Action Fund
Ending Loneliness
Health Link Worker
On Board North Tyneside
REACH
Covid Support
Community Health Champions
Digital Inclusion in North Tyneside
Heritage Action Zone
Living Well North Tyneside
Oximetry at Home
IT Equipment
Suicide Prevention Network
Vaccination Volunteers
VCS Digital Equipment
Discovery College
Shielding Magazine
TOTAL FUNDS		 Incoming
resources
£
113,391
40,000
44,814
18,326
29,943
78,000
13,152
10,000
-
122,021
-
-
-
84,004
41,350
39,644
6,490
50,000
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)
26,921
(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)
(84,004)
-
(29,350)
12,000
(32,644)
7,000
(6,490)
-
(1,588)
48,412
(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

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.

continued...

Page 27

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

17. MOVEMENT IN FUNDS - continued

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.

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, National Health Charities Together, Suicide Prevention Network)

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.

Discovery College (North Tyneside CCG, North Tyneside Council, Barnados)

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. Although the funding was received in this financial year the activity will not begin until next year.

iwill Take Action Fund (Virgin Money Foundation)

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 / North Tyneside Council)

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 Shields Primary Care Network)

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.

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.

Living Well North Tyneside (North Tyneside CCG / North Tyneside Council / Local Primary Care Networks)

Funding was secured by North Tyneside CCG towards the development of the Living Well North Tyneside platform. This is being managed by VODA on behalf of a wider cross-sector partnership of organisations, with additional financial input from North Tyneside Council and the four Primary Care Networks.

continued...

Page 28

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

17. MOVEMENT IN FUNDS - continued

VODA received additional funding from North Tyneside Council, North Tyneside CCG and local Primary Care Networks to increase its offer of support during the pandemic. This included additional support from the Good Neighbours volunteer service as well as recruiting a pool of volunteers to support the Covid vaccination programme.

North of Tyne Volunteering (National Lottery Community fund)

VODA is the lead partner in a programme of work to develop the North of Tyne as an area of volunteering excellence. Other partners include Connected Voice and Northumberland CVA.

VCS Health Inequalities Grant Programme (North Tyneside Council / North Tyneside CCG) VODA is administering a new VCSE sector grants programme funded by North Tyneside Council and North Tyneside CCG. The grants programme seeks to address health inequalities across the borough.

Other Restricted Funds Source Supported Volunteering North Tyneside CCG SAINT National Lottery Community Fund Youth Volunteering The Wellesley Trust, Community Foundation Volunteering Santander Winter Suport Network North Tyneside CCG Covid Support Community Foundation, National Lottery Community Fund, NET DCMS, North Tyneside Council Digital Inclusion in North National Lottery Community Fund Tyneside Heritage Action Zone Historic England Oximetry at Home North Tyneside CCG IT Equipment Sage Foundation Vaccination Volunteers Tyne Health, North Tyneside Council, Local PCNs VCS Digital Equipment North Tyneside Council Shielding Magazine North Tyneside Council Elements Training National Lottery Community Fund Best Start North Tyneside Council Covid Exhibition North Tyneside Council Digital First Primary Care North Tyneside CCG Digital Doctor North Tyneside Council Discovery College North Tyneside Council / Barnados / North Tyneside CCG Ethnically Diverse Health Work North Tyneside Council North Tyneside Leaders Together North Tyneside Council Test and Trace North Tyneside Council Volunteero North Tyneside Council

continued...

Page 29

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

18. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2022.

19. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

20. 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 in debtors
Increase in creditors
Net cash provided by operations		 2022
£
113,928
(927)
(60,963)
1,298,844
1,350,882		 2021
£
205,434
(1,698)
(53,417)
77,981
228,300

21. ANALYSIS OF CHANGES IN NET FUNDS

Net cash
Cash at bank and in hand
Less: Deposits treated as
liquid resources
Liquid resources
Deposits included in cash
Current asset investments
Total		 At 1/4/21
£
509,629
(252,660)
256,969
252,660
-
252,660
509,629		 Cash flow
£
1,351,809
(927)
1,350,882
927
-
927
1,351,809		 At 31/3/22
£
1,861,438
(253,587)
1,607,851
253,587
-
253,587
1,861,438

continued...

Page 30

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

22. 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 31

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

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
Other income
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Social security
Pensions
Volunteer expenses
Sessional workers fees
Events
Advertising and promotions
Staff travel
Learning / training materials
Training fees
Venue costs
Partners
Grants to institutions		 2022
£
5,144
9,750
14,894
927
30,682
3,990
1,153,208
3,250
1,191,130
4,021
1,210,972
412,014
26,964
18,528
5,980
2,000
3,229
1,842
4,476
1,905
4,039
2,597
132,596
344,999
961,169		 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
628
11,422
75,666
-
524,501

This page does not form part of the statutory financial statements

Page 32

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

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
Auditors' remuneration
Accountancy and legal fees
Total resources expended
Net income		 2022
£
11,782
14,198
68,575
3,825
17,580
15,115
131,075
4,800
-
4,800
1,097,044
113,928		 2021
£
3,318
14,586
26,502
5,685
13,943
41,817
105,851
-
3,210
3,210
633,562
205,434

This page does not form part of the statutory financial statements

Page 33