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2023-03-31-accounts

REGISTERED COMPANY NUMBER: 03703221 REGISTERED CHARITY NUMBER: 1075060

REPORT OF THE TRUSTEES AND

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

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 2023

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 2023

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 2023. 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 2023

ACHIEVEMENT AND PERFORMANCE

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

VODA issued 26 e-bulletins to an audience of circa 4,100 subscribers. VODA's Facebook page reached 88,798 groups and individuals, the VODA Twitter page has 4,142 followers and the VODA website served 26,288 users.

To help upskill the VCSE sector workforce VODA delivered more online training through our Elements portal, in partnership with Connected Voice and Northumberland CVA. We had 440 enrolments on the courses, which included safeguarding, good governance and understanding your charities finances.

Over 400 free advice sessions were provided to 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 440 enquiries from local residents, providing access to 150 volunteering opportunities on behalf of 75 different organisations. 225 different opportunities were advertised via VolunteerPlus, with 271 organisations registered on the database.

VODA's Sector Connector project provided opportunities for local businesses to offer their support to VCSE sector organisations, including some fantastic training opportunities such as Mental Health First Aid.

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

The Good Neighbours project enabled 100 volunteers to support 377 local residents with neighbourly tasks such as shopping and prescription collections as well as providing social support. In addition, volunteers carried out 1,035 acts of kindness for residents across the borough, and engaged 300 people through Ending Loneliness.

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. On Best Start, 22 volunteers were trained and 141 session were delivered to 378 attendees.

The NT LIFE Recovery College offered a programme of co-produced and co-delivered courses covering everything from Woodland Wellbeing to singing sessions from its base at Meadowell Connected.

The Discover Me young people's Recovery College further developed its offer and is delivering a programme of co-produced and co-delivered courses including Mindful Kitchen and Sooth and Self Care.

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 33 payroll clients and produced year-end accounts for 31 organisations.

Page 2

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

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

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.

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.

The Living Well North Tyneside online platform continued its development, 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 East and North Cumbria NHS ICB, North Tyneside Council, all four Primary Care Networks, Tyne Health, and the Community and Healthcare Forum.

The North Tyneside Mental Health Alliance was established to build a place-based alliance of voluntary, community and social enterprise sector organisations, ready for partnership working and procurement. This was to include VCSE sector organisations being supported to work better together and embedding principles of co-production to form a sustainable innovation partner to the ICS and NHS more widely.

FINANCIAL REVIEW

At the balance sheet date, the charity held funds of £1,053,074 (2022 - £604,604) of which £718,028 (2022 - £280,042) was subject to restriction. Free reserves amounted to £296,282 (2022 - £281,215). 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.

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.

Page 3

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

FINANCIAL REVIEW - continued

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 £38,764 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.

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.

Page 4

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT - continued

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.

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.

Page 5

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

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:

Jess Evans (Chair) Julie Eastlake (Treasurer) Peter Thomas Ray Lowry Richard Hart Andy Burtenshaw Phil Hornby

Alan Hall (retired 25 October 2022) Hazel Parrack (retired 25 October 2022) Angela Radojcic (retired 25 October 2022) Linda Hoffman (retired 17 November 2022) David Bavaird (retired 9 Feburary 2023) Louise Patterson (retired 9 February 2023) Laura Lowther (retired 9 August 2023)

Personnel

At the date of the trustees report, the Management Team members responsible for day-to-day management of the Charity as delegated by the Board were:

Vicky Smith - Chief Executive Officer Keith Hardy - Deputy CEO Alex Henry - Projects and Partnerships Manager Kirsty Christofi - Health Projects Manager Ali Donkin - Manager NT Life Mark Thompson - Finance Manager

At the year-end there was a total of 23 staff. 7 were full time and 16 part time.

Auditors

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

Bankers

Unity Trust Bank plc, Nine Brindleyplace, Birmingham, B1 2HB

Page 6

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

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

In accordance with section 485 of the Companies Act 2006, a resolution for the re-appointment of Read, Milburn & Co. as auditors of the charity is to be proposed at the forthcoming Annual General Meeting.

Approved by order of the board of trustees on 7 November 2023 and signed on its behalf by:

Ms J Evans - 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 2023 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 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:

Because of the field in which the charity operates, we have identified the following areas as those most likely to have a material impact on the financial statements: Health and Safety; Employment Law; and compliance with the Companies and Charities Acts.

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.

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 Chartered Accountants and Statutory Auditor 71 Howard Street North Shields Tyne and Wear

16 November 2023

Page 10

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
4
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
Transfers between funds
18
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
6,000
-
112,725
8,022
-
126,747
-
100,419
100,419
26,328
(15,844)
10,484
324,562
335,046		 Restricted
funds
£
169
1,425,547
-
-
-
1,425,716
1,003,574
-
1,003,574
422,142
15,844
437,986
280,042
718,028		 2023
Total
funds
£
6,169
1,425,547
112,725
8,022
-
1,552,463
1,003,574
100,419
1,103,993
448,470
-
448,470
604,604
1,053,074		 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
-
113,928
490,676
604,604

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 2023

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
18
Unrestricted funds:
General fund
Legal liability fund
Restricted funds
TOTAL FUNDS		 2023
£
63,152
1,235,631
1,298,783
(241,970)
1,056,813
1,056,813
(3,739)
1,053,074
296,282
38,764
335,046
718,028
1,053,074		 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

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 2023

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 7 November 2023 and were signed on its behalf by:

Ms J Evans - 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 2023

Notes
Cash flows from operating activities
Cash generated from operations
20
Net cash (used in)/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		 2023
£
(633,829)
(633,829)
8,022
8,022
(625,807)
1,861,438
1,235,631		 2022
£
1,350,882
1,350,882
927
927
1,351,809
509,629
1,861,438

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 2023

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, rounded to the nearest Pound (£).

Going Concern

At the date of approval of these financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue for the foreseeable future and as such the financial statements are prepared on the going concern basis.

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.

Page 15

continued...

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

1. ACCOUNTING POLICIES - continued

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.

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
Sir James Knott Trust
NAVCA		 2023
£
169
6,000
6,169
2023
£
1,000
-
5,000
-
6,000		 2022
£
5,144
9,750		 2022
£
5,144
9,750
14,894
2022
£
1,000
2,000
5,000
1,750
9,750

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 2023

3.
INVESTMENT INCOME
Deposit account interest
4.
INCOME FROM CHARITABLE ACTIVITIES
Grant
Income
funded
generating
activities
activities
£
£
Payroll & community accounts
-
31,512
Self generated income
-
9,213
Grants
1,425,547
72,000
Other income
-
-
1,425,547
112,725
Grants received, included in the above, are as follows:
Core Services (North Tyneside Council [NTC])
Supported Volunteering (North East and North Cumbria NHS
Integrated Care Board [ICB])
Good Neighbours (NTC)
Community Foundation (CF)
Moving On Tyne & Wear (European Social Fund [ESF] / National
Lottery Community Fund [NLCF])
North Tyneside Recovery College (ICB)
#iwill Take Action Fund (Virgin Money)
Ending Loneliness (NLCF)
Health Link Worker (North Shields Primary Care Network [PCN])
Community Health Champions (NTC)
Heritage Action Zone (Historic England)
Living Well North Tyneside (ICB)
Oximetry at Home (ICB)
Vaccination Volunteers (Tyne Health)
VCS Digital Equipment (NTC)
Discovery College (ICB)
Shielding Magazine (NTC)
Ending Loneliness (NTC)
Living Well North Tyneside (NTC)
Living Well North Tyneside (NT PCNs)
Elements Training (NLCF)
Carried forward		 2023
£
8,022
2023
Total
activities
£
31,512
9,213
1,497,547
-
1,538,272
2023
£
60,000
18,806
43,688
10,000
22,712
108,358
15,760
116,421
37,197
-
43,726
27,334
-
-
-
21,635
-
-
8,750
10,000
-
544,387		 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
21,000
7,883
8,461
865
2,500
10,000
7,500
10,000
16,191
627,355

continued...

Page 17

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

4. INCOME FROM CHARITABLE ACTIVITIES - continued

Brought forward
Vaccination Volunteers (NW PCN/Priory Medical Group)
Best Start (NTC)
Covid Exhibition (NTC)
Digital First Primary Care (ICB)
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 (ICB and NTC)
Volunteero (NTC)
VCS Alliance (ICB)
Grow and Eat (NTC)
Refugee Support Fund (NTC)
Spirit of North Tyneside (NTC)
Winter Resiliance Fund (ICB)
Winter Resiliance Fund (NTC)
UK Prosperity		 2023
£
544,387
-
31,165
-
211,349
-
6,352
6,540
18,644
(250)
92,140
-
-
-
10,425
-
438,917
50,000
2,000
25,050
40,000
20,000
828
1,497,547		 2022
£
627,355
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

5. CHARITABLE ACTIVITIES COSTS

CHARITABLE ACTIVITIES COSTS
Grant funded activities
Income generating activities		 Direct
Costs (see
note 6)
£
898,047
39,816
937,863		 Support
costs (see
note 8)
£
105,527
60,603
166,130		 Totals
£
1,003,574
100,419
1,103,993

continued...

Page 18

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

6. DIRECT COSTS OF CHARITABLE ACTIVITIES

Staff costs
Volunteer expenses
Sessional workers fees
Events
Advertising and promotions
Staff travel
Evaluation fees
Learning / training materials
Training fees
Venue costs
Volunteer residentials
Partners
Bad debts
7.
GRANTS PAYABLE
Grant funded activities
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		 2023
£
587,610
4,183
5,837
5,261
980
3,424
6,165
8,891
4,470
7,930
2,750
296,840
3,522
937,863
2023
£
-
2023
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 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
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

continued...

Page 19

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

8. SUPPORT COSTS

SUPPORT COSTS
Office
and
Governance
administration
costs
£
£
Grant funded activities
105,527
-
Income generating activities
55,803
4,800
161,330
4,800		 Totals
£
105,527
60,603
166,130

9. NET INCOME/(EXPENDITURE)

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

Auditors' remuneration
Payments under operating leases		 2023
£
4,800
190		 2022
£
4,800
379

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.

11. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 2023
£
528,265
35,828
23,517
587,610		 2022
£
412,014
26,964
18,528
457,506

The key management personnel comprise the trustees and the Chief Executive. The total employee benefits of the key management personnel, including Social Security were £54,142 (2022 - £46,832).

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

2023 2022
Staff 25 22

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 2023

12.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
funds
funds
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
14,894
-
Charitable activities
Grant funded activities
-
1,096,458
Income generating activities
94,672
-
Investment income
927
-
Other income
4,021
-
Total
114,514
1,096,458
EXPENDITURE ON
Charitable activities
Grant funded activities
-
1,056,759
Income generating activities
40,285
-
Total
40,285
1,056,759
NET INCOME
74,229
39,699
RECONCILIATION OF FUNDS
Total funds brought forward
250,333
240,343
TOTAL FUNDS CARRIED
FORWARD
324,562
280,042
13.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
£
Trade debtors
4,467
Prepayments and accrued income
58,685
63,152		 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
2022
£
28,731
110,144
138,875

continued...

Page 21

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 15,443 3,769
Social security and other taxes 9,285 8,285
Other creditors 3,850 2,768
Accruals and deferred income 213,392 1,239,715
241,970 1,254,537
15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Accruals and deferred income 3,739 141,172
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 2022 1,022,231
Released to income from charitable activities (826,058)
Amount deferred in year 15,000
Balance at 31 March 2023 211,173
Grant Commitments
Included within Accruals and Deferred Income are the following grant commitments.
£
Grant commitments at 1 April 2022 344,999
New grant commitments charged to the SoFA during the year (see note 7) -
Grants paid during the year (344,999)
Grant commitments at 31 March 2023 -

continued...

Page 22

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

16. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

Within one year
17.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
funds
£
Current assets
384,461
Current liabilities
(49,415)
Long term liabilities
-
335,046		 Restricted
funds
£
914,322
(192,555)
(3,739)
718,028		 2023
£
3,750
2023
Total
funds
£
1,298,783
(241,970)
(3,739)
1,053,074		 2022
£
-
2022
Total
funds
£
2,000,313
(1,254,537)
(141,172)
604,604

continued...

Page 23

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

18. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Legal liability fund
Restricted funds
Good Neighbours
Moving On Tyne & Wear
North Tyneside Recovery College
#iwill Take Action Fund
Volunteering
Ending Loneliness
Health Link Worker
Community Health Champions
Heritage Action Zone
Living Well North Tyneside
Elements Training
Best Start
Digital First Primary Care
Digital Doctor
Discovery College
Ethnically Diverse Health Network
North Tyneside Leaders Together
North of Tyne Volunteering
Health Inequalities Grant Programme
VCSE Alliance
Volunteero
VODA Hub Operations Worker
Grow and Eat
Winter Resiliance Fund
TOTAL FUNDS		 At 1/4/22
£
281,215
43,347
324,562
4,189
-
59,500
26,611
843
32,642
3,859
10,862
-
15,287
15,330
935
-
12,500
86,337
-
2,875
252
-
-
8,020
-
-
-
280,042
604,604		 Net
movement
in funds
£
26,328
-
26,328
4,555
(21)
12,143
(26,611)
(843)
17,063
(283)
(10,862)
6,558
(1,639)
(14,207)
4,987
140,563
(12,500)
(11,768)
905
(5,967)
(373)
(11,898)
297,452
-
(833)
34,191
1,530
422,142
448,470		 Transfers
between
At
funds
31/3/23
£
£
(11,261)
296,282
(4,583)
38,764
(15,844)
335,046
-
8,744
21
-
-
71,643
-
-
-
-
-
49,705
-
3,576
-
-
-
6,558
-
13,648
-
1,123
-
5,922
-
140,563
-
-
-
74,569
-
905
3,092
-
-
(121)
11,898
-
-
297,452
-
8,020
833
-
-
34,191
-
1,530
15,844
718,028
-
1,053,074

continued...

Page 24

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

18. 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
#iwill Take Action Fund
Volunteering
Ending Loneliness
Health Link Worker
Community Health Champions
Heritage Action Zone
Living Well North Tyneside
Elements Training
Best Start
Digital First Primary Care
Digital Doctor
Discovery College
Ethnically Diverse Health Network
North Tyneside Leaders Together
North of Tyne Volunteering
Health Inequalities Grant Programme
VCSE Alliance
VODA Hub Operations Worker
Grow and Eat
Winter Resiliance Fund
UK Prosperity
TOTAL FUNDS		 Incoming
resources
£
126,747
43,688
18,806
22,712
108,527
15,760
-
116,421
37,197
-
43,726
46,084
-
31,165
211,349
-
34,527
18,644
(250)
92,140
10,425
438,917
25,050
50,000
60,000
828
1,425,716
1,552,463		 Resources
expended
£
(100,419)
(39,133)
(18,806)
(22,733)
(96,384)
(42,371)
(843)
(99,358)
(37,480)
(10,862)
(37,168)
(47,723)
(14,207)
(26,178)
(70,786)
(12,500)
(46,295)
(17,739)
(5,717)
(92,513)
(22,323)
(141,465)
(25,883)
(15,809)
(58,470)
(828)
(1,003,574)
(1,103,993)		 Movement
in funds
£
26,328
4,555
-
(21)
12,143
(26,611)
(843)
17,063
(283)
(10,862)
6,558
(1,639)
(14,207)
4,987
140,563
(12,500)
(11,768)
905
(5,967)
(373)
(11,898)
297,452
(833)
34,191
1,530
-
422,142
448,470

Page 25

continued...

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

18. MOVEMENT IN FUNDS - continued

Comparatives for 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		 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		 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		 Transfers
between
funds
£
11,114
(11,114)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 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

Page 26

continued...

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

18. MOVEMENT IN FUNDS - continued

Comparative 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

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.

continued...

Page 27

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

18. MOVEMENT IN FUNDS - continued

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.

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.

North Tyneside Recovery College (North East and North Cumbria NHS ICB, 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 East and North Cumbria NHS ICB, 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 ICB 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.

Heritage Action Zone (Historic England )

VODA manages the funding for various local organisations delivering projects related to the Heritage Action Zone in North Shields.

Living Well North Tyneside (North East and North Cumbria NHS ICB / North Tyneside Council / Local

Primary Care Networks)

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

VODA received additional funding from North Tyneside Council, North East and North Cumbria NHS ICB 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.

continued...

Page 28

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

18. MOVEMENT IN FUNDS - continued

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 East and North Cumbria NHS ICB)

VODA is administering a new VCSE sector grants programme funded by North Tyneside Council and North East and North Cumbria NHS ICB. The grants programme seeks to address health inequalities across the borough.

VCS Alliance (NHS England)

VODA is the lead organisation for the establishment of a VCSE Alliance accross North Tyneside including smaller community-based groups and grassroots organisations with the aim of building a strong and sustainable allicane focussing on collaborative working and delivery of the ambitions of the Community Mental Health Transformation Programme.

Grow and Eat (Public Health England, Active North Tyneside)

Grow & Eat is a new collaborative project by North Tyneside VODA with support from Public Health and Active North Tyneside. The aim of the project is to help communities in the North Tyneside area learn how to make more efficient use of their available space, whether that is public or private, in order to grow food and improve their physical and mental health.

Winter Resiliance Fund (North East and North Cumbria NHS ICB)

Part of a national fund of £200m to boost resiliance in the NHS and help patients get the care they need as quickly as possible this winter.

Other Restricted Funds

Supported Volunteering

Moving on Tyne & Wear

Volunteering

Community Health Champions

Elements Training

Best Start

Digital Doctor

Ethnically Diverse Health Work

North Tyneside Leaders Together
Volunteero

VODA Hub Operations Manager		 Source
North East and North Cumbria NHS ICB
European Social Fund, National Lottery Community Fund
Santander
North Tyneside Council
National Lottery Community Fund
North Tyneside Council
North Tyneside Council
North Tyneside Council
North Tyneside Council
North Tyneside Council
North Tyneside Council

continued...

Page 29

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

19. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2023.

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
Decrease/(increase) in debtors
(Decrease)/increase in creditors
Net cash (used in)/provided by operations
ANALYSIS OF CHANGES IN NET FUNDS
At 1/4/22
£
Net cash
Cash at bank and in hand
1,861,438
Less: Deposits treated as
liquid resources
(253,587)
1,607,851
Liquid resources
Deposits included in cash
253,587
Current asset investments
-
253,587
Total
1,861,438		 2023
£
448,470
(8,022)
75,723
(1,150,000)
(633,829)
Cash flow
£
(625,807)
253,587
(372,220)
(253,587)
-
(253,587)
(625,807)		 2022
£
113,928
(927)
(60,963)
1,298,844
1,350,882
At 31/3/23
£
1,235,631
-
1,235,631
-
-
-
1,235,631

21. ANALYSIS OF CHANGES IN NET FUNDS

continued...

Page 30

NORTH TYNESIDE VOLUNTARY ORGANISATIONS DEVELOPMENT AGENCY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

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 2023

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
Evaluation fees
Learning / training materials
Training fees
Venue costs
Volunteer residentials
Partners
Carried forward		 2023
£
169
6,000
6,169
8,022
31,512
9,213
1,497,547
-
1,538,272
-
1,552,463
528,265
35,828
23,517
4,183
5,837
5,261
980
3,424
6,165
8,891
4,470
7,930
2,750
296,840
934,341		 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
616,170

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 2023

Charitable activities
Brought forward
Bad debts
Grants to institutions
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
Total resources expended
Net income		 2023
£
934,341
3,522
-
937,863
9,532
54,109
35,988
6,553
19,561
35,587
161,330
4,800
1,103,993
448,470		 2022
£
616,170
-
344,999
961,169
11,782
14,198
68,575
3,825
17,580
15,115
131,075
4,800
1,097,044
113,928

This page does not form part of the statutory financial statements

Page 33