ANNUAL REPORT FOR BLYTH VALLEY DISABLED FORUM
The last year has been especially challenging for everyone because of the Pandemic. As a result of this we have been unable to hold our usual Annual General Meeting.
Our care staff have continued to work tirelessly throughout the pandemic ensuring that our vulnerable clients have received the care that they require during their own periods of shielding and isolation.
Our normal groups for Adults and young People with Learning Difficulties and other Disabilities have been unable to take place because of the restrictions imposed by lockdowns and social distancing.
Most of this group of clients have underlying health issues and we have been unable to carry out our normal activities safely. We were unable to open during lockdowns and in between times we tried to work out the best possible way to continue but due to limitations with group sizes (imposed by Government Guidelines) and being unable to meet in outside groups while adhering to government guidelines our activities were placed on hold.
We are very pleased to say that we are now in a position to re-open those groups and our activities are gradually returning to normal.
During the lockdown restrictions Trustee and Director’s meetings continued on a weekly basis via TEAMS until we were able to safely meet when lockdown restrictions were relaxed.
We have taken delivery of a new bus with grateful thanks to a large donation from Lowes. We matched this funding in order to provide our clients with a much more reliable form of transport.
We look forward to expanding our voluntary groups and offering more variety of activities than we have been able to in the past.
Our local Bede Academy have been particularly helpful in allowing us the use of their Bistro which provides more space and the ability to allow our group users to explore new possibilities.
My thanks go to all of the Directors, Management Team and staff for their help and support during an unprecedented period of time.
David Hopper Chairman
Charlty Règistration No. 1076926 Company Registration No. 03336710 (England and Wales) BLYTH VALLEY DISABLED FORUM LTD ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
BLYTH VALLEY DISABLED FORUM LTD LEGALAND ADMINISTRATIVE INFORMATION Trustees Mr J L Clough Mr S Crawford Mr D T Hopper Charily numbèr 1076926 Company numbèr 03336710 Principal addre$s 20 Sianley Sireet Blyth Northumbedand NE24 2BU Registered office 20 Stanley Street Blyth Northumbedand NE24 2BU Audltor AzetsAudrt Services 32 Brenkley Way Blezard Business Park Sealon Buffj Newcastle upon Tyne NE1360S
BLYTH VALLEY DISABLED FORUM LTD CONTENTS Pagè Truslee rgport Slalemenl of Trustee responsibilrfies Independenl auditorfs report Staternent of financial activities Balance sheet Statement of cash llows 10 Notes lo the financial slalements
BLYTH VALLEY DISABLED FORUM LTD TRUSTEE REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2021 The truslees presenl their report and finanaal stalements for the year ended 31 March 2021. The financial statements have been prepared in a¢0)rdan wlh the accounting tM)liciès sel out in not8 1 to the financial statements and comply wilh the trusfs goveming document, the Cornpanies Act 2006 and "Accounting and Reporting by Charilies.. Slalement of Recommendeil Pr8Ctice applicable to charities prèparing their accounts in accordance th the Financial Repong Slandard applicable in the UK and Republic of Ireland {FRS 1021 (effective 1 January 20191". Objectives and activities The trust'5 obj8cts are the promolion and welfarè of the disabled in their h(Mnes and the community. The policies adopted in furtherance of these objects are: providing a means tsf consultation among inl&r&st paes. collecting and dis-seminating information. focusing attention on the needs ol the disabled. supplementing slatulory services for the disabled and developing voluntsry services where the need is indirated. We refer to Charity Commission guidance on Public Benefit when revithwng our aims and objectives and ensure that lu(ure plans remain focused on their achievement. Fvnding limits our 8divilies. bul no beneficiarie5 appropriate to our Èlms aF¢ exdudtrd. Equal a$$ to our services is important lo us and we promote local understanding of our work. There has been no change in these aims and obiecbves during the year. The trustees have paid due regard lo guidan(% issued by the Charity Comrnissknn in deciding what activities the trust shtsuld undertake. Achlevements and performance Despite the continued f1nancial restraints. we achieved an increase in the hours of oare services provided during the year. W& now have employee and client repiesentatitin on our commitlees. We continue lo sel ourselves a high standard of care provision and received a 'good' report across all areas following an audit by the CQC. Financial ravi•w Free reserves are Ihose funds not lied up in fixed assels or designaledlreslricted funds. The trustees forecast the level of reserves required to sustsin operations. should income generating activities be curtailed. Free reserves have increased slighlly from £690,405 to £734,581 during Ihe year, which equates to approximately 3.8 months ol re5eNes. compared 4.1 months last year. Whi15t Ihe current level of reseThes may prove sufficient, it is the view of the trustees that it would be prudent to ensure that there ale sufficient reserves lo provide financial flexibility the ¢ourse ol Ihe forthwming Challenges faced by the trust. The Trustees are pleased to rewrt ihal following the tender pr(Kess wilh Northumberfand County Council. the trust was awarded Preferred Provide< status in Blyth and Tier 2 status lor Cramlington and Bedlington. This came into effect from 1stApril 2019 and continues lo date lo Ihe benefit ol disabled clients in these areas. The Iruslees conlinue to investigate other new avenues of tunding in order io mainiain a salislactory financial position. Our a55els remain adequate and available lo meel our aims and obligations. The unpr8cedented effècts of thé Covid 19 pandèmic has madè this a dilfiojll year. However, the trust has been able to maintain its care services lo clienls Ihroughout the year. Allhough this ha5 not signilicafjlly impacted on income, costs have increased especially in the piovision of personal protective equipment for staff and clients. These costs have been absorbed by the Irusl. as the safety and wellbeing of both $18ff and dients remains a top priority of the Iiusiees. The trustees have assessed the othe¥ major risks to which the Irusl is exposed, and are satisfied thal systems are in place lo miligale exposure lo the rnajor risks
BLYTH VALLEY DISABLED FORUM LTD TRUSTEE REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 The trust has introduced a new software system auoss all its service. Qvikplan has been acquired in order to better manage and organise staff and client care liffle. which together wilh the introduclion of staff smart phones, has also increased safety and security for tK)ih. Structure. gtsvèmanc• and manag•m•nt The trust is a cornpany limiled by guarantee. all directors of the company are also trustees ol the charity. The Injstees, who a also the diTectors for Ihe purpose of c(xnpany law. and who served during the year and up lo the date of &gnature of the finanual statements were= Mr J L Clough Mr S Crawford Mr D T Hopper The Trustees seek tr) ensuie that the useis needs are feflecied through the dwersity of the Board. To enhance the potential pool of Twslees. selected individuals who may wish to become T(ustees ate approached as necessary. Trustees are reappointed annually. None ol the Iruslees h8s any beneficial InteSt in Ihe company. All of the trustees are rThembtrrs of U)e company and guarantee lo contribute £1 in the event of a winding up. New Irustees are aclivety encouraged by Ihe 8xisting Trustees to acquire any speualist skills required. N8W Trustees are briefed on their legal obligations under company and charity law. our Memorandum and articles of Associalion, Ihe committee and the decision fflaking piocess, fulure plans and recenl performance. They are encouraged to attend appropriate training, and made aware of Charity Commissiorh publications. Auditor In accordance with the company's ariides, a resolulion prow)5ing thatAzets Audrt Servi$ be reappoinled as auditor of the company will be pul 81 a General Meeling. The Truslee report was appioveil by the Board of Trustees. Mr S Crawlord Tiustee Dated.. 30 July 2021 MrDT Trustee Dated".30 opp•r
BLYTH VALLEY DISABLED FORUM LTD STATEMENT OF TRUSTEE RESPONS181LITIES FOR THE YEAR ENDED 31 MARCH 2021 The trustees, who are also the directors ol Btyth Valley Disabled Forum Lld for the purpose of company law. a responsible for pieparing the Trustee Report and the accounls in accordance wth applicable law and United Kingdom Accounting Standards IFRS102 SORPI- Company Law requires the Iruslees lo prepare 8ccounls for éach finanual year which give a true and fair view ol tho slate ol affairs ol the tmst and of the incoming resour$ and applicaiion of resources. irhcluding the incomé and expendilure. ol Ihe charitable company for that year. In preparing these accounts. the trustees are required to". - select suitable accounting PK)liryes and then apply thom eonsistenUy'. - observe the methods and prin(xples in the Charities SORP.. make judgements and eslimales Ihal are reasonable and pmdent". slate whether applicable UK Acwunting Stsndards havè been folk)wed. subject to any material departures disclosed and explained in the accounts., and prepare thè accounis on the going concem basis unless it is inappropiiale lo presume Ihat the trusl will continue in operation. The trustees are responsible for keeping adequate 8ccx)unling records that dssclose with reasonable accuracy al any time the finanual posilion ol the Irusl and enable them lo er¢suTe that the accounts comply with th8 Companies Act 2006. They are also responsible lor safeguardin9 Ihe assets of the Irust and hence for taking reasonable stéps for thé provention and detect ol fraud and other irregularities.
BLYTH VALLEY DISABLED FORUM LTD INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF BLYTH VALLEY DISABLED FORUM LTD Opinion We have audiled the financial stalements of Blyth Valley Disabled Forum Ltd (the 'trust'l foi the year ended 31 March 2021 which comprise the statement of financial actiwties, the balance sheet. the statement of cash flows and the notes to the financial statements. including signfficanl accovntiru poliaes. The financial reporting framework that has b88n applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Finanual Reporting Standard appIable in lh8 UK and Republic of Ireland (United Ks'ngdom GenerallyAc¢ept8d Accounb"ng Practice). In our opinion, the finanrial stslements.. give a true and fair view of the stste of the thariiable company's affaiis as at 31 March 2021 and of ils incoming resources and application of reSoUrs. for the year then ended,. have been propody prepared in accordance with Uniled 'ngdoM Generally ApIed Accounting Pra¢ti¢a'. and havè been prepared in accordance wlh the requirements of Iho Companies Act 2006. Ba51$ for oplnlon We conduded our audit in accordan with Inlernational StsndaTds on Auditirhg IUKI IISAS IUKII and applicable law. Our responsibilitie5 under those standards aré furlher described in Ihe Audilorfs responsibilities for the audit of the financial statemenls section of our report. We are independenl ol the trust in aGGordance with the elhical fequirements Ihal are relevant to ¢)ur audil of the finanal statements in the UK. including ihe FRC'S Ethical Standard, and we have fulfilled our other ethiGal iesponsiknlibes in accordance with these requirements. We believe thal the audit evidence we have obtained is suificient and appropriale to provide a basis for ou¥ opinion. Con¢luslons r•latSng to going concern In auditing the financial slatemenls. we have concludeil that the Trustee usè of the going concern basis of accounling in the preparation of the financial statèmenls is appropriale. Based on the work we have performed. we have [t Ktentified any malerial uncertainlies relating lo events or conditions that, individually or colleclively. may casl significant doubl on Ihe Irusl's ability to continue as a going concern lor a period of at least twelve months from when the financial siatemenls are auihorised for issue. Our responsibilities and the responsibilities of the trusteès th respect to going concern are described in the relevant sections of this rerK)rt. Other information The other information ¢OTnPriS85 thè infom)alion induded in Ihe annual report olher than the financi8151alemenls and our auditorfs report thereon. The trustees are responsible for the other inlomation conlained within the annual pOrt. Our opinion on the finÈn(xal stalements does not cover the olheT information and we do not expre55 any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other inforfflab.on is materially inconsislenl with Ihe f1nan¢ial slalemenls or our knowledge obtained in the course ol Ihe audit. or o¢herwise 8ppears to be materially misstated. If we identify such material incon51slenci85 or app£nt material misslatemenls, we ale required to determine whether this gives risè to a material misslatemenl in ihe finan(aal stslements themselves. If, based on the work we have perfo¥med, we conclude that there is a material misstatement of ihis oiher infomation, we are required to r8PQrt that fact. We have nothing to report in this regard.
BLYTH VALLEY DISABLED FORUM LTD INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF BLYfH VALLEY DISABLED FORUM LTD Matters on which we are required to report by ex¢eption We have nothing to report in spect of the following mattels in relation lo whirth the Charities (Accounts and Reports) Regulations 2008 require us lo report lo you if. in our opinion.. the information given in the financial statements is inconsislenl in any material respect wlh the Trustee report., or sufficient accounb'ng records have not been kept.. or the financial statements afe nol in ageMefit wth Ihe accounting records- Of we have not received all Ihe Informati and explanations we requi for cmjr audiL R95pon5ibilitit$ of trustèès As explained mor8 lully in the statement of Trustee responsrbilities. the trustees. who a also the directors of thè trusl for the purpose of company law, are responsible for the preparation of Ihe financAal stalernents and for being satisfied that they give È true and lair view, Ènd for such intemal control as the trustees detemine is necessary to enable the preparation of financial statements that are free from material misslalemenl. whether due lo fraud or èrror. Irb preparing the financial stalemenis. the trustees are responsible for assessing the trust's ability to continue as a going concern, disclosing. as applicable. malters related to going concem and using the going onoein basis of accounb.ng unless the trustees either intend lo liquidate the charitable company or to ceasè operations. or have no realistic alternative but to do so. Auditor's responsibilities for the audit of the financial statements We have been apw)inted as auditor ¢Jnder section 144 of Ihe Charities Act 2011 and report in accoTdance wilh the Act and relevant regulations made or having effeGt thereunder. Our objectives are lo obtain reasonable 85Sur8n about whether the financial statements 85 a whole are free from malerial misstatement, whether due lo fraud or error. and lo issue an auditorfs report Ihal includes our opinion. Reasonable assurance bs a high level of assurance bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a materbal misstalement when it exisls. Missiatements can arise from fraud or error and are considered m8leri81 if. individualty or in the aggregate, they could reasonably be èxpected lo influence the economic decisions of users laken on Ihe basis ol Ihese financial statemenls. A further description of our responsibililies is available on Ihe Financial Rewrling Cne11'S website at.. htlps.'Il www.Irc.org.uklauditDrsresponsibilities. This desc¥iption fom)s part of our auditorfs rert.
BLYTH VALLEY DISABLED FORUM LTD INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF BLYTH VALLEY DISABLED FORUM LTD Extent to which lh• audit was considered capable of detecling irregularilies, ineluding fraud Irregularities, including fraud. are instances of non-compliance wth laws and regulalK)ns. We design procedures in line with oui responsibililies, oullined al)ove and on the Finanaal Reporting Council's website, lo detect material misslalemenls in respecl of irregularitres. induding fraud. We obiain and update our understsnding of thé éntity. its aclivibès. its control environment, and likely luluie developments, including in relation lo Ihe legal and Tegulalory framework applicable and how the entity is omplying with that framework. Based on thi5 underslÈndin9. we identify and assess the risks of material misslalement ol the financial slatements, whether due to fraud or error. design and perf¢Mm audit procedures iesponsive to those risks. and obtain 8udit evidence that is sulficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acls by Ihe entity Ihal were ¢ontrary to applicable laws and iegulations. induding fraud. In iesponse to the risk of irregularities and non-wnp1lan wth laws and regulations, indLHJing fraud, we designed procedures which included". Enquiry of managèment and those tharged vrith govemance around actual and pot$ntial litigation and claims as well as aclual, suspected arKI alleged fraud- Reviewing rninulgs ol meetings ol Ihose charged with governance., Assessing Ihe extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements 01 the operations of Ihe eniity ihrough enquiry and inspection,. Reviewing financial siatemenl disclosures and testing to supporting documentaiion to assess compliance with applicable laws Ènd regulations". Performing audit work over Ihe risk of management bias and ov8rride of controls. induding testing of journal entries and other adjuslments loi approprialeness, evaluating the business rationale L)f significant transaetions outside the nMal course of business and reviewin9 a¢counb"ng estimates for indicators of potential bias. Because of the inhwent limitations of an aLKlil. there bs a rbsk thal we wll Mt detecl all iiregularities, including those leading lo a m8t8rial misstatement in the finanual stalemenls or non-compliarboe with re9ulation. This risk increasgs the more Ihal compliance with a law or regulab.on is rèmoved fr¢)m Ihe events and transactions reflecled in the financial statements, as we will be less likely lo becorne aware of instances of non- cornpliance. The risk ol nol delecting a materi81 misstatement resulting from fraud is higher than lor one resulting Irom error, as fraud may involve collusion. lorgery, inlenlional omissions, misrepresentations, or the override of inteinal control. Use of our report This report is made solety to Ihe charily's truslees, as a b(Kly. in acwrdance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audri work has been undertaken so that we might 51ale to the charity's Iruslees those matters we are required Eo stale to them in an auditors, report Ènd lor no other purpose. To the fullest extent pemiilled by law. we do not accept assume responsibility to anyone other than the charity and the charity's trusteès as a body. lor our audil work. for this report. or for th8 opinTrons we have formed. Joanne Regan FCA Isenior Statutory Audltorl for and on behalf of Azets Audit SeTvieès 30 Juty 2021 Chartered Accountants Statutory Auditor 32 Brenkley Way Blezafd Business Park Seaton Burn Newcasue upon Tyne NE13 6DS
BLYTH VALLEY DISABLED FORUM LTD INDEPENDENT AUDITOR'S REPORT (CONTINUED TO THE TRUSTEES OF BLYTH VALLEY DISABLED FORUM LTD Azets Audit Services is eligible for appointment as audilor of the trust by virtue ol ils eligibility for appointment as auditor of a company under of section 1212 of Ihe Compar)ies Act 2006.
BLYTH VALLEY DISABLED FORUM LTD STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021 Unrestricted Restricted funds funds 2021 2021 Total Unrestricled Restricled funds funds 2020 2020 Total 2021 2020 Notes Grants, donations and ontracting income Inv8Stments Other incom8 2,116 2.604,792 133 1,699 2,606.8 133 1.699 33,819 2.155,798 2.189,617 330 330 Totsl income 3.948 2.604.792 2.608.740 34,149 2.155,798 2,189.947 Charitable aolivilies 21.801 2.266.856 2.288.657 30.376 2.003.760 2,034.13fj Net gainsl{lossesl on investments 74.220 74.220 {23,9661 {23,9661 Net movement in funds 56.367 337.936 394.303 {20.1931 152.038 131.845 Fund balances al 1 April 2020 796,743 268.734 1.065.477 816.936 116,696 933.632 Fund balances at 31 March 2021 853,110 606.670 1.459,780 796.743 268,734 1.065.477 Thg $18t6ment of financial activibes indudes all gains and losses recognised in the year. All income and 8XP8nditur6 dèrive from Continuing activities. The statement ol financial activities also complies with Ihe requirements lor an i)Me and expendilure account under the Companies Act 2006.
BLYTH VALLEY DISABLED FORUM LTD BALANCE SHEET ASAT31 MARCH 2021 2021 2020 Nole$ Fixed assets Tangible assets Current assets Deblors Investments Cash al bank and in hand 10 118.279 106,868 12 13 87,714 739.993 632.484 80.357 643,289 341.348 1,460,191 1.064.994 Crodltors.. amounts fallSng due within one year 14 {118.6) 1106,3851 Nel current assets 1.341.501 958,609 Total assets less current liabilili 1.459.780 1,065,477 Income funds Restricted funds Unrestricted funds 15 606.670 853.110 268,734 796,743 1.459.780 1.065.477 The company is entitled to the exemplion from the audit reqU1ment contair1 in section 477 of the Comp8niés Act 2006, for Ihg year ended 31 March 2021. atthough an audit has been carried out under section 144 of the Charities Act 2011. The directors acknowledge their resw)nsibililies for ensuring Ihal the charity keeps aC¢OLJnling records which ¢omply with section 386 of the Act and lor preparing finanaal stalemenls which give a true and fair view of Ihe slate ol affairs ol the company as al the end of the financial year and of ils incoming resources and application of resources, including its income Ènd expenditure. for the financial year in accordance wlh the requirements of sections 394 and 395 and which otherwise comply wth the requirements of the Companies Act 2006 relating to finanual statements, so lai as applicable to the company. The members have not required the company to obiain an audit of its financial stalements under the requiremer)ts of the Companies Act 2006. lor Ihe year in question in acc(Kdance with section 476. These fin8nci81 statements have been preparèd in accordancè wth the provisions applicable to companies subject lo Ihe small companies iegime. The financial statements were approved by the Trustees on 30 Juty2021 Mr S Crawlord Trust•• Mr D T Hoppe Trustee Company R•glstration No. 03336710
BLYTH VALLEY DISABLED FORUM LTD STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2021 2021 2020 Not•s Cash flows fit)m operating activities Cash generated from operations 19 339.587 277,908 Investing activities Purchase of tangible fixed assels Proceeds on disposal ol tangible fixed assets Purchase of inveslwenls Proceeds on disposal of inve51menls Investment income received 128,700) 115,358} 2.600 124.500) 2.016 133 5.948 330 Net cash used in investing activities 148,451) 19,0801 N•t cash usèd In flnanclng actlvStles Net inereasè in eash and eash èqulvalènts 291.136 268.828 Cash cash gquivalents al bè9inning of year 341,348 72,520 Cash and cash equivalents at end of year 632.484 341,348 10-
BLYfH VALLEY DISABLED FORUM LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Accounting policie$ Charity information 81yth Va118y Disabled Forum Ltd is a privatè company limit8d by guarantèe incorporated in England and Wales. The registered Offi is 20 Sianley Streel, Blyih. Northumbedand, NE24 2BU. 1.1 Accounting convention The financial statements have been prepared in accordance wlh the Irusl's governing document, Ihe Companies Act 2006 and "Accounting and Ren9 by Charities." Slalement ol Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 2019)". The trust is a Public Benefit Enlily as defined by FRS 102. Thé financial slalem8nts are propa1 in slading. which is the ftFnclional currèncy of the trust. Monètary amounts in these finanual statements are rounded lo Ihe nearesl £. The accounts have been prepareil on the historical wsl convention. rn(xlifieil to include certain fin8nual inslrumenis at fair value. The principal accounting policies adopted a set out below. 1.2 Golng concern Al the time of approving the financial slalemenls. the trustees have a reasonable expectation that the trust has ad8quat8 resources to continue in operalional èxistènce for the foreseeable fulure. Thus the trustees continue to adopl the going concern basis of accounling in preparing the financjal slalements. 1.3 Charitable funds Unreslricted funds are available for at the discretion of the INslees in lurtherance of their charitable objectives. Restrioted funds are subjert to specific conditions by donors as to how they may be usod. Th$ purposes and uses ol the restricted funds are set oul in the notes lo Ihe finanaal statemenls. Endowment fLtnds are subjeci lo speufic conditions by donors Ihal Ihe capiial must be maintained by Ihe tru5t_ 1.4 Income Income is reo)gnised when the twsl is legally entiUe(I to il after any performance condition5 have been met. the amounts can be measured reliably. and it is probable that income will be received. Cash donations a recognised on receipl. Other donations a recognised once the trusl has been noiified of the donation, unless performance conditions require deferral of the 8mount_ Income tax recoverable in relation to donations received under Gift Aid or deeds ol covenant is recognised at Ihe time of Ihe donation. Legacies are recognised on receipt or otherwse il the Iwsl has been notified ol an impending distribution, the atnounl is known. and receipt is expecled. If the amount is not known. the legary is Ireat8d os a contingent asset. 1.5 Expendlture Expenditure is recognised once ihere is a legal or constructive obligan to iransfer economic benefit lo a third party. it is probable that a transfer of ewnomic benefit will be required in settlement and the amount ol the obligab'on can be measuced reliably. 11
BLYTH VALLEY DISABLED FORUM LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Accounting policlès (Continuèd) 1.6 Tangible fixed assets Tangible fixed assets are inits.ally measured at cosl and subsequendy measured al st or valuation, nel of depreciation and any impaimienl losses. Depreciation is recognised so as lo write off the cost of assets less their residual values over their useful lives on the following bases= Buildings Plant and machinery Motor vehicles 2Yo slraight Line 33.3% Reducing Balan( 25°A Reducing Balance The gain or loss arising on the disp)sal of an asset is determin1 as Ihe differènee belween the sale proceeds and the carrying value of the asset. and is recognised in net incomellexpendilurel for the year. 1.7 Impaimient of fixed assets Al each reporting end date, the trust reviews Ihe carrying amounts of ils langible assets to determine whether there is any indication ihal Ihose assets have suffered an impairment loss. If any such indicaliDn exists, the recoverable amount of the asset is estimaled in order lo determine the extent of the impairment loss lif anyl- 1.8 Cash and eash •qulvalents Cash and cash equivalents indude cash in hand. defM)Sits held at call wth banks. other short-term liquid investments with original maturities of thfee months or less, and bank overdrafts. Bank overdr8fts or& shown within borrowings in currenl liabilities. 1.9 Finantlal Instruments The trust has elected lo apply the provisiorks ol Section 11 'Basic Financial Instruments. and Section 12 'Olher Finanryal Inslrufflents Issues. of FRS 102 to all ol its finanaal instruments. Financial instruments are recognised in the trust's balance sheet when Ihe tru51 be(x)mes party to thg contractual provisions of the instrument. Finanual assets and liabilities are offset. wth the net afflounls prèsented in the financial statements, when there is a legally enforceable right lo set off Ihe recognised amounts and there is an intention to sellle on a n81 basis 01 to realise the assel and setlle the liability simultaneously. Baslc flnancial assets Basic financial assets. which indLKJe debtors and cash and bank balances, ar8 initl8lly mèasured at transaction price including transaction costs and are subsequenuy carried at amortised cost using the effective interest method unless the arrangemenl constituies a financing transaction. whgre the transaction is measured al ihe present value of the fvture receipts discounted al a markel rale of interest. Financial assets classrfied 85 recehvable vrithin one year are nol amortised. 12-
BLYfH VALLEY DISABLED FORUM LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Accounting policies (Continued} Baslc flnanclal Ilabllltles Basic financial liabilities, including Lyedrtors and bank loans are inibally recognised al transaction price vnless the ariangemenl consblules a financing Iransaction, vA)ere the debl instrumenl is measured al the present value of the future paymenls discounted at a markel rate ol interest. Financial liabilities classified as payable within one year are not am0sed. Debt instruments are subsequendy carried at amClSed cost. using Ihe effective inlelest rate method. Tradè creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as cu¥renl liabilities if payment is due within one year or less. 11 not, they are presented as non-cu¥renl liabilities. Trade creditors a recognised inits'ally al transaction price and subsequenlty measured al arrKJrttse(I cost usirvJ Ihe effectiv8 interest method. Déreeognltlon of flnanclal Ilablllllès Financial liabilities are derecognised when the twst's conlractual obligations expiie or are discharged or cancelled. 1.10 Employee n•fits The cost of any unused holiday entitlement is recognised in the period in which the employee's seNices are received. Termination benefits are recognised immediately as an expense when the trust is demonstrably committed to terminatg thè employmènt of an employee or lo rK0d& teminab.on benefits. 1.11 Rètirèmènt b•nèfits Payments to defined contribution relirement benefil schemes a charged as an expense as Ihey fall due. Crltlcal accountlng estlmates and ludgements In Ihe applicaiion of Ihe tnjst's accounting policies. the trustees are required to make judgemenls. eslimales and assumptions aix)ul the carrying amount of assets arhd liabilitie5 that are not readily appa1 from other sources. The esii'mates and assoc#aled assumplions are based on historical experience and other laotors thal ore considered lo be relevant. Actual results may differ from these eslimale5. The e51ima18$ and urKlerfwng assumptions are reviewed on an gOIng basis. Revisions lo accounting eslimates are recognised in Ihe period in which the eslimale is revised where the revision affects only that Pgri1)d, or in the period of the revisKTrn and hjture periods where the ievision affects both current and luture periods. Grants, donations and contractlng Income Unvestrlcted Restrlcted funds funds Total Unrestricted Resliicled lunds funds Total 2021 2Q21 2021 2020 2020 2020 Grants, donations and contracting income 2.116 2,604.792 2,606.908 33,819 2.155.798 2,189.617 During the year the charity received £72.014 Covid support grants induded in reslflcted funds. 13-
BLYTH VALLEY DISABLED FORUM LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Investments Unrèstrlct•d Unrestricted funds funds 2021 2020 Interest receivable 133 330 Other Income Unrestrictad funds Total 2021 2020 Nel gain on disposal of tangible fixed assets 1.699 14-
BLYfH VALLEY DISABLED FORUM LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Charitabl• aetivitiès 2021 2020 Staff c051s Depreciation and Impalmnt Travel motor expenses Light. heal & rates Repair5 and computer costs Postage. stationery & phone costs Legal & professional fees Insurance Sundry expenses Training costs Equipment leasing Advertising Bank charges 2.056.471 16.389 5.664 8.164 24.339 50.468 10.247 10,003 55,420 4,078 28.706 10.165 1.463 1.833.659 12.334 13.503 7.508 20.380 37.927 9,803 10,238 43,100 1,767 26,743 7,670 2,664 2.281.577 2,027,296 Share ol govemance costs laudil fees) 7.080 6,840 2.288.657 2,034,136 Analysi5 by fund Unrestricted funds Restrictgd funds 21,801 30,376 2.266,856 2,003.760 2.288.657 2,034,136 Trustees None of the trustees lor any persons (xbnneded wlh them) received any remuner8tion or benefits from the charity during Ihe year. Employees The average monthly nufflber of employees during the year was.. 2021 Number 2020 Number Caier5 & Drivers Adtnirbistrative staff 102 12 96 13 Total 114 109 15-
BLYTH VALLEY DISABLED FORUM LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Employ••s (Continued} Employment costs 2021 2020 Wages and salaries Social security costs Other pension costs 1,891.964 130,530 33.977 1.694.484 109.614 29.561 2,056,471 1.833,659 Thele were no employees whose annual remuneration was £60.0(X) or more. Net gainslllossesl on investments Unrestrrcted unreslric18d funds funds 2021 2020 Revaluation of investments Gainlllossl on sale of invesiments 72.204 2.016 142.0641 18.098 74.220 {23,9661 10 Tangible fixed assets Bulldlngs Plant andmotor vehicles m•¢hin8ry Total Cost Al 1 April 2020 Additions Disposals 129.704 207.203 806 33,241 27,894 112.0001 370,148 28,700 {12,0001 Al 31 March 2021 129.704 208,009 49.135 386,848 Depreciation and impairment At 1 April 2020 Depreciation charged in the year Eliminated in respect ol disposals 45,722 2,594 194,474 4,507 23.083 9.288 111,0991 263,279 16.389 111,0991 At 31 March 2021 48.316 198.981 21,272 268,569 Carrying amount Al 31 March 2021 81.388 9,028 27.863 118,279 Al 31 March 2020 83,982 12,728 10,158 106,868 J6-
BLYTH VALLEY DISABLED FORUM LTD NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 11 Flnan¢ial In$trum•nts 2021 2020 Carrying amount of finaneial ass•ts Instruments rneasured at lair value Ihrough profit or loss 739.993 643,289 12 Debtors 2021 2020 Amounts falling due within onè yèar.. Trade debtors Prepayments and accrued Inrne 55.063 32.651 63,276 17,081 87.714 80,357 13 Current asset investments 2Q21 2020 Listed inveslmenls 739,993 643.289 14 CredSiors: amounts falling due within one year 2021 2020 Other taxation and social securiiy Trade creditors Other Greditors AGfjruals and deferred income 22.808 23.401 656 71.825 21,401 24,918 299 59.767 118.690 106.385 15 Restricted funds The Incomé funds ol the charity include reskn.cted funds cOmS1j the follomng unexpended balances of donations and grants held on trust for specific purposes.. Movement in funds Incoming Resources sourc•s •xpend Movèmènt in funds Incoming Resources Balance al resources •xpended 31 March 2021 Balance at 1 Aprll 2019 8alance at 1 April 2020 Reslricled funds re promotion nd w811ai8 lor disabled 116,696 2,155,798 {2.003,760} 268.734 2,604,792 12.266,8561 fj06.670 17
BLYTH VALLEY DISABLED FORUM LTD NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2021 16 Analysis of n•t ass•t$ bètween funds Unrestrict Restricted 2021 Total Unreslricted Re5triGled 2021 2020 2020 Ttstal 2020 Fund balances at 31 March 2021 are represented by.. Tangible 8s5els Current asselsllli8bilitiesl 118,279 118.279 734.581 605,615 1,341.501 106,868 6W,405 106.868 958.609 268,204 852,860 605,615 1,459.780 797,273 268,204 1.065.477 17 Operating lease commitments Al the repc>rting end date the trust had ouislanding commiiments forfuture minimum lease payments under non-cancellable operating leases as folk)ws'. 2021 2020 Within one year 53.020 74,890 18 Related party transaetlons Theré were no disclosable related party Iransactions during Ihe year12020- n¢M8}. 19 Cash gènerated from operations 2021 2020 Surplus for the year 394,303 131,845 Adjustm8nts for.. Investment income recognised in statement of financial aclivities Gain on disposal of tangible fixed assets Gain on disposal of investments Fair value gains and losses on investments DepreciatiorTr and impairmenl ol tangible fixed assets 11331 11,6991 12.0161 172.2041 16.389 13301 118.0981 42.064 12,334 Movements in working CaPTtal= Ilncreaseydecrease in debtors Increase in creditOTS 17,3571 12.304 77,008 33,085 Cash generated from operations 339,587 277,908 20 Analysis of changes in net funds The trust had no debl during Ihe year. 18-
Charlty Règistration No. 1076926 Company Registration No. 03336710 (England and Wales) BLYTH VALLEY DISABLED FORUM LTD ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
BLYTH VALLEY DISABLED FORUM LTD LEGALAND ADMINISTRATIVE INFORMATION Trustees Mr J L Clough Mr S Crawford Mr D T Hopper Charily numbèr 1076926 Company numbèr 03336710 Principal addre$s 20 Sianley Sireet Blyth Northumbedand NE24 2BU Registered office 20 Stanley Street Blyth Northumbedand NE24 2BU Audltor AzetsAudrt Services 32 Brenkley Way Blezard Business Park Sealon Buffj Newcastle upon Tyne NE1360S
BLYTH VALLEY DISABLED FORUM LTD CONTENTS Pagè Truslee rgport Slalemenl of Trustee responsibilrfies Independenl auditorfs report Staternent of financial activities Balance sheet Statement of cash llows 10 Notes lo the financial slalements
BLYTH VALLEY DISABLED FORUM LTD TRUSTEE REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2021 The truslees presenl their report and finanaal stalements for the year ended 31 March 2021. The financial statements have been prepared in a¢0)rdan wlh the accounting tM)liciès sel out in not8 1 to the financial statements and comply wilh the trusfs goveming document, the Cornpanies Act 2006 and "Accounting and Reporting by Charilies.. Slalement of Recommendeil Pr8Ctice applicable to charities prèparing their accounts in accordance th the Financial Repong Slandard applicable in the UK and Republic of Ireland {FRS 1021 (effective 1 January 20191". Objectives and activities The trust'5 obj8cts are the promolion and welfarè of the disabled in their h(Mnes and the community. The policies adopted in furtherance of these objects are: providing a means tsf consultation among inl&r&st paes. collecting and dis-seminating information. focusing attention on the needs ol the disabled. supplementing slatulory services for the disabled and developing voluntsry services where the need is indirated. We refer to Charity Commission guidance on Public Benefit when revithwng our aims and objectives and ensure that lu(ure plans remain focused on their achievement. Fvnding limits our 8divilies. bul no beneficiarie5 appropriate to our Èlms aF¢ exdudtrd. Equal a$$ to our services is important lo us and we promote local understanding of our work. There has been no change in these aims and obiecbves during the year. The trustees have paid due regard lo guidan(% issued by the Charity Comrnissknn in deciding what activities the trust shtsuld undertake. Achlevements and performance Despite the continued f1nancial restraints. we achieved an increase in the hours of oare services provided during the year. W& now have employee and client repiesentatitin on our commitlees. We continue lo sel ourselves a high standard of care provision and received a 'good' report across all areas following an audit by the CQC. Financial ravi•w Free reserves are Ihose funds not lied up in fixed assels or designaledlreslricted funds. The trustees forecast the level of reserves required to sustsin operations. should income generating activities be curtailed. Free reserves have increased slighlly from £690,405 to £734,581 during Ihe year, which equates to approximately 3.8 months ol re5eNes. compared 4.1 months last year. Whi15t Ihe current level of reseThes may prove sufficient, it is the view of the trustees that it would be prudent to ensure that there ale sufficient reserves lo provide financial flexibility the ¢ourse ol Ihe forthwming Challenges faced by the trust. The Trustees are pleased to rewrt ihal following the tender pr(Kess wilh Northumberfand County Council. the trust was awarded Preferred Provide< status in Blyth and Tier 2 status lor Cramlington and Bedlington. This came into effect from 1stApril 2019 and continues lo date lo Ihe benefit ol disabled clients in these areas. The Iruslees conlinue to investigate other new avenues of tunding in order io mainiain a salislactory financial position. Our a55els remain adequate and available lo meel our aims and obligations. The unpr8cedented effècts of thé Covid 19 pandèmic has madè this a dilfiojll year. However, the trust has been able to maintain its care services lo clienls Ihroughout the year. Allhough this ha5 not signilicafjlly impacted on income, costs have increased especially in the piovision of personal protective equipment for staff and clients. These costs have been absorbed by the Irusl. as the safety and wellbeing of both $18ff and dients remains a top priority of the Iiusiees. The trustees have assessed the othe¥ major risks to which the Irusl is exposed, and are satisfied thal systems are in place lo miligale exposure lo the rnajor risks
BLYTH VALLEY DISABLED FORUM LTD TRUSTEE REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 The trust has introduced a new software system auoss all its service. Qvikplan has been acquired in order to better manage and organise staff and client care liffle. which together wilh the introduclion of staff smart phones, has also increased safety and security for tK)ih. Structure. gtsvèmanc• and manag•m•nt The trust is a cornpany limiled by guarantee. all directors of the company are also trustees ol the charity. The Injstees, who a also the diTectors for Ihe purpose of c(xnpany law. and who served during the year and up lo the date of &gnature of the finanual statements were= Mr J L Clough Mr S Crawford Mr D T Hopper The Trustees seek tr) ensuie that the useis needs are feflecied through the dwersity of the Board. To enhance the potential pool of Twslees. selected individuals who may wish to become T(ustees ate approached as necessary. Trustees are reappointed annually. None ol the Iruslees h8s any beneficial InteSt in Ihe company. All of the trustees are rThembtrrs of U)e company and guarantee lo contribute £1 in the event of a winding up. New Irustees are aclivety encouraged by Ihe 8xisting Trustees to acquire any speualist skills required. N8W Trustees are briefed on their legal obligations under company and charity law. our Memorandum and articles of Associalion, Ihe committee and the decision fflaking piocess, fulure plans and recenl performance. They are encouraged to attend appropriate training, and made aware of Charity Commissiorh publications. Auditor In accordance with the company's ariides, a resolulion prow)5ing thatAzets Audrt Servi$ be reappoinled as auditor of the company will be pul 81 a General Meeling. The Truslee report was appioveil by the Board of Trustees. Mr S Crawlord Tiustee Dated.. 30 July 2021 MrDT Trustee Dated".30 opp•r
BLYTH VALLEY DISABLED FORUM LTD STATEMENT OF TRUSTEE RESPONS181LITIES FOR THE YEAR ENDED 31 MARCH 2021 The trustees, who are also the directors ol Btyth Valley Disabled Forum Lld for the purpose of company law. a responsible for pieparing the Trustee Report and the accounls in accordance wth applicable law and United Kingdom Accounting Standards IFRS102 SORPI- Company Law requires the Iruslees lo prepare 8ccounls for éach finanual year which give a true and fair view ol tho slate ol affairs ol the tmst and of the incoming resour$ and applicaiion of resources. irhcluding the incomé and expendilure. ol Ihe charitable company for that year. In preparing these accounts. the trustees are required to". - select suitable accounting PK)liryes and then apply thom eonsistenUy'. - observe the methods and prin(xples in the Charities SORP.. make judgements and eslimales Ihal are reasonable and pmdent". slate whether applicable UK Acwunting Stsndards havè been folk)wed. subject to any material departures disclosed and explained in the accounts., and prepare thè accounis on the going concem basis unless it is inappropiiale lo presume Ihat the trusl will continue in operation. The trustees are responsible for keeping adequate 8ccx)unling records that dssclose with reasonable accuracy al any time the finanual posilion ol the Irusl and enable them lo er¢suTe that the accounts comply with th8 Companies Act 2006. They are also responsible lor safeguardin9 Ihe assets of the Irust and hence for taking reasonable stéps for thé provention and detect ol fraud and other irregularities.
BLYTH VALLEY DISABLED FORUM LTD INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF BLYTH VALLEY DISABLED FORUM LTD Opinion We have audiled the financial stalements of Blyth Valley Disabled Forum Ltd (the 'trust'l foi the year ended 31 March 2021 which comprise the statement of financial actiwties, the balance sheet. the statement of cash flows and the notes to the financial statements. including signfficanl accovntiru poliaes. The financial reporting framework that has b88n applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Finanual Reporting Standard appIable in lh8 UK and Republic of Ireland (United Ks'ngdom GenerallyAc¢ept8d Accounb"ng Practice). In our opinion, the finanrial stslements.. give a true and fair view of the stste of the thariiable company's affaiis as at 31 March 2021 and of ils incoming resources and application of reSoUrs. for the year then ended,. have been propody prepared in accordance with Uniled 'ngdoM Generally ApIed Accounting Pra¢ti¢a'. and havè been prepared in accordance wlh the requirements of Iho Companies Act 2006. Ba51$ for oplnlon We conduded our audit in accordan with Inlernational StsndaTds on Auditirhg IUKI IISAS IUKII and applicable law. Our responsibilitie5 under those standards aré furlher described in Ihe Audilorfs responsibilities for the audit of the financial statemenls section of our report. We are independenl ol the trust in aGGordance with the elhical fequirements Ihal are relevant to ¢)ur audil of the finanal statements in the UK. including ihe FRC'S Ethical Standard, and we have fulfilled our other ethiGal iesponsiknlibes in accordance with these requirements. We believe thal the audit evidence we have obtained is suificient and appropriale to provide a basis for ou¥ opinion. Con¢luslons r•latSng to going concern In auditing the financial slatemenls. we have concludeil that the Trustee usè of the going concern basis of accounling in the preparation of the financial statèmenls is appropriale. Based on the work we have performed. we have [t Ktentified any malerial uncertainlies relating lo events or conditions that, individually or colleclively. may casl significant doubl on Ihe Irusl's ability to continue as a going concern lor a period of at least twelve months from when the financial siatemenls are auihorised for issue. Our responsibilities and the responsibilities of the trusteès th respect to going concern are described in the relevant sections of this rerK)rt. Other information The other information ¢OTnPriS85 thè infom)alion induded in Ihe annual report olher than the financi8151alemenls and our auditorfs report thereon. The trustees are responsible for the other inlomation conlained within the annual pOrt. Our opinion on the finÈn(xal stalements does not cover the olheT information and we do not expre55 any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other inforfflab.on is materially inconsislenl with Ihe f1nan¢ial slalemenls or our knowledge obtained in the course ol Ihe audit. or o¢herwise 8ppears to be materially misstated. If we identify such material incon51slenci85 or app£nt material misslatemenls, we ale required to determine whether this gives risè to a material misslatemenl in ihe finan(aal stslements themselves. If, based on the work we have perfo¥med, we conclude that there is a material misstatement of ihis oiher infomation, we are required to r8PQrt that fact. We have nothing to report in this regard.
BLYTH VALLEY DISABLED FORUM LTD INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF BLYfH VALLEY DISABLED FORUM LTD Matters on which we are required to report by ex¢eption We have nothing to report in spect of the following mattels in relation lo whirth the Charities (Accounts and Reports) Regulations 2008 require us lo report lo you if. in our opinion.. the information given in the financial statements is inconsislenl in any material respect wlh the Trustee report., or sufficient accounb'ng records have not been kept.. or the financial statements afe nol in ageMefit wth Ihe accounting records- Of we have not received all Ihe Informati and explanations we requi for cmjr audiL R95pon5ibilitit$ of trustèès As explained mor8 lully in the statement of Trustee responsrbilities. the trustees. who a also the directors of thè trusl for the purpose of company law, are responsible for the preparation of Ihe financAal stalernents and for being satisfied that they give È true and lair view, Ènd for such intemal control as the trustees detemine is necessary to enable the preparation of financial statements that are free from material misslalemenl. whether due lo fraud or èrror. Irb preparing the financial stalemenis. the trustees are responsible for assessing the trust's ability to continue as a going concern, disclosing. as applicable. malters related to going concem and using the going onoein basis of accounb.ng unless the trustees either intend lo liquidate the charitable company or to ceasè operations. or have no realistic alternative but to do so. Auditor's responsibilities for the audit of the financial statements We have been apw)inted as auditor ¢Jnder section 144 of Ihe Charities Act 2011 and report in accoTdance wilh the Act and relevant regulations made or having effeGt thereunder. Our objectives are lo obtain reasonable 85Sur8n about whether the financial statements 85 a whole are free from malerial misstatement, whether due lo fraud or error. and lo issue an auditorfs report Ihal includes our opinion. Reasonable assurance bs a high level of assurance bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a materbal misstalement when it exisls. Missiatements can arise from fraud or error and are considered m8leri81 if. individualty or in the aggregate, they could reasonably be èxpected lo influence the economic decisions of users laken on Ihe basis ol Ihese financial statemenls. A further description of our responsibililies is available on Ihe Financial Rewrling Cne11'S website at.. htlps.'Il www.Irc.org.uklauditDrsresponsibilities. This desc¥iption fom)s part of our auditorfs rert.
BLYTH VALLEY DISABLED FORUM LTD INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF BLYTH VALLEY DISABLED FORUM LTD Extent to which lh• audit was considered capable of detecling irregularilies, ineluding fraud Irregularities, including fraud. are instances of non-compliance wth laws and regulalK)ns. We design procedures in line with oui responsibililies, oullined al)ove and on the Finanaal Reporting Council's website, lo detect material misslalemenls in respecl of irregularitres. induding fraud. We obiain and update our understsnding of thé éntity. its aclivibès. its control environment, and likely luluie developments, including in relation lo Ihe legal and Tegulalory framework applicable and how the entity is omplying with that framework. Based on thi5 underslÈndin9. we identify and assess the risks of material misslalement ol the financial slatements, whether due to fraud or error. design and perf¢Mm audit procedures iesponsive to those risks. and obtain 8udit evidence that is sulficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acls by Ihe entity Ihal were ¢ontrary to applicable laws and iegulations. induding fraud. In iesponse to the risk of irregularities and non-wnp1lan wth laws and regulations, indLHJing fraud, we designed procedures which included". Enquiry of managèment and those tharged vrith govemance around actual and pot$ntial litigation and claims as well as aclual, suspected arKI alleged fraud- Reviewing rninulgs ol meetings ol Ihose charged with governance., Assessing Ihe extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements 01 the operations of Ihe eniity ihrough enquiry and inspection,. Reviewing financial siatemenl disclosures and testing to supporting documentaiion to assess compliance with applicable laws Ènd regulations". Performing audit work over Ihe risk of management bias and ov8rride of controls. induding testing of journal entries and other adjuslments loi approprialeness, evaluating the business rationale L)f significant transaetions outside the nMal course of business and reviewin9 a¢counb"ng estimates for indicators of potential bias. Because of the inhwent limitations of an aLKlil. there bs a rbsk thal we wll Mt detecl all iiregularities, including those leading lo a m8t8rial misstatement in the finanual stalemenls or non-compliarboe with re9ulation. This risk increasgs the more Ihal compliance with a law or regulab.on is rèmoved fr¢)m Ihe events and transactions reflecled in the financial statements, as we will be less likely lo becorne aware of instances of non- cornpliance. The risk ol nol delecting a materi81 misstatement resulting from fraud is higher than lor one resulting Irom error, as fraud may involve collusion. lorgery, inlenlional omissions, misrepresentations, or the override of inteinal control. Use of our report This report is made solety to Ihe charily's truslees, as a b(Kly. in acwrdance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audri work has been undertaken so that we might 51ale to the charity's Iruslees those matters we are required Eo stale to them in an auditors, report Ènd lor no other purpose. To the fullest extent pemiilled by law. we do not accept assume responsibility to anyone other than the charity and the charity's trusteès as a body. lor our audil work. for this report. or for th8 opinTrons we have formed. Joanne Regan FCA Isenior Statutory Audltorl for and on behalf of Azets Audit SeTvieès 30 Juty 2021 Chartered Accountants Statutory Auditor 32 Brenkley Way Blezafd Business Park Seaton Burn Newcasue upon Tyne NE13 6DS
BLYTH VALLEY DISABLED FORUM LTD INDEPENDENT AUDITOR'S REPORT (CONTINUED TO THE TRUSTEES OF BLYTH VALLEY DISABLED FORUM LTD Azets Audit Services is eligible for appointment as audilor of the trust by virtue ol ils eligibility for appointment as auditor of a company under of section 1212 of Ihe Compar)ies Act 2006.
BLYTH VALLEY DISABLED FORUM LTD STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021 Unrestricted Restricted funds funds 2021 2021 Total Unrestricled Restricled funds funds 2020 2020 Total 2021 2020 Notes Grants, donations and ontracting income Inv8Stments Other incom8 2,116 2.604,792 133 1,699 2,606.8 133 1.699 33,819 2.155,798 2.189,617 330 330 Totsl income 3.948 2.604.792 2.608.740 34,149 2.155,798 2,189.947 Charitable aolivilies 21.801 2.266.856 2.288.657 30.376 2.003.760 2,034.13fj Net gainsl{lossesl on investments 74.220 74.220 {23,9661 {23,9661 Net movement in funds 56.367 337.936 394.303 {20.1931 152.038 131.845 Fund balances al 1 April 2020 796,743 268.734 1.065.477 816.936 116,696 933.632 Fund balances at 31 March 2021 853,110 606.670 1.459,780 796.743 268,734 1.065.477 Thg $18t6ment of financial activibes indudes all gains and losses recognised in the year. All income and 8XP8nditur6 dèrive from Continuing activities. The statement ol financial activities also complies with Ihe requirements lor an i)Me and expendilure account under the Companies Act 2006.
BLYTH VALLEY DISABLED FORUM LTD BALANCE SHEET ASAT31 MARCH 2021 2021 2020 Nole$ Fixed assets Tangible assets Current assets Deblors Investments Cash al bank and in hand 10 118.279 106,868 12 13 87,714 739.993 632.484 80.357 643,289 341.348 1,460,191 1.064.994 Crodltors.. amounts fallSng due within one year 14 {118.6) 1106,3851 Nel current assets 1.341.501 958,609 Total assets less current liabilili 1.459.780 1,065,477 Income funds Restricted funds Unrestricted funds 15 606.670 853.110 268,734 796,743 1.459.780 1.065.477 The company is entitled to the exemplion from the audit reqU1ment contair1 in section 477 of the Comp8niés Act 2006, for Ihg year ended 31 March 2021. atthough an audit has been carried out under section 144 of the Charities Act 2011. The directors acknowledge their resw)nsibililies for ensuring Ihal the charity keeps aC¢OLJnling records which ¢omply with section 386 of the Act and lor preparing finanaal stalemenls which give a true and fair view of Ihe slate ol affairs ol the company as al the end of the financial year and of ils incoming resources and application of resources, including its income Ènd expenditure. for the financial year in accordance wlh the requirements of sections 394 and 395 and which otherwise comply wth the requirements of the Companies Act 2006 relating to finanual statements, so lai as applicable to the company. The members have not required the company to obiain an audit of its financial stalements under the requiremer)ts of the Companies Act 2006. lor Ihe year in question in acc(Kdance with section 476. These fin8nci81 statements have been preparèd in accordancè wth the provisions applicable to companies subject lo Ihe small companies iegime. The financial statements were approved by the Trustees on 30 Juty2021 Mr S Crawlord Trust•• Mr D T Hoppe Trustee Company R•glstration No. 03336710
BLYTH VALLEY DISABLED FORUM LTD STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2021 2021 2020 Not•s Cash flows fit)m operating activities Cash generated from operations 19 339.587 277,908 Investing activities Purchase of tangible fixed assels Proceeds on disposal ol tangible fixed assets Purchase of inveslwenls Proceeds on disposal of inve51menls Investment income received 128,700) 115,358} 2.600 124.500) 2.016 133 5.948 330 Net cash used in investing activities 148,451) 19,0801 N•t cash usèd In flnanclng actlvStles Net inereasè in eash and eash èqulvalènts 291.136 268.828 Cash cash gquivalents al bè9inning of year 341,348 72,520 Cash and cash equivalents at end of year 632.484 341,348 10-
BLYfH VALLEY DISABLED FORUM LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Accounting policie$ Charity information 81yth Va118y Disabled Forum Ltd is a privatè company limit8d by guarantèe incorporated in England and Wales. The registered Offi is 20 Sianley Streel, Blyih. Northumbedand, NE24 2BU. 1.1 Accounting convention The financial statements have been prepared in accordance wlh the Irusl's governing document, Ihe Companies Act 2006 and "Accounting and Ren9 by Charities." Slalement ol Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 2019)". The trust is a Public Benefit Enlily as defined by FRS 102. Thé financial slalem8nts are propa1 in slading. which is the ftFnclional currèncy of the trust. Monètary amounts in these finanual statements are rounded lo Ihe nearesl £. The accounts have been prepareil on the historical wsl convention. rn(xlifieil to include certain fin8nual inslrumenis at fair value. The principal accounting policies adopted a set out below. 1.2 Golng concern Al the time of approving the financial slalemenls. the trustees have a reasonable expectation that the trust has ad8quat8 resources to continue in operalional èxistènce for the foreseeable fulure. Thus the trustees continue to adopl the going concern basis of accounling in preparing the financjal slalements. 1.3 Charitable funds Unreslricted funds are available for at the discretion of the INslees in lurtherance of their charitable objectives. Restrioted funds are subjert to specific conditions by donors as to how they may be usod. Th$ purposes and uses ol the restricted funds are set oul in the notes lo Ihe finanaal statemenls. Endowment fLtnds are subjeci lo speufic conditions by donors Ihal Ihe capiial must be maintained by Ihe tru5t_ 1.4 Income Income is reo)gnised when the twsl is legally entiUe(I to il after any performance condition5 have been met. the amounts can be measured reliably. and it is probable that income will be received. Cash donations a recognised on receipl. Other donations a recognised once the trusl has been noiified of the donation, unless performance conditions require deferral of the 8mount_ Income tax recoverable in relation to donations received under Gift Aid or deeds ol covenant is recognised at Ihe time of Ihe donation. Legacies are recognised on receipt or otherwse il the Iwsl has been notified ol an impending distribution, the atnounl is known. and receipt is expecled. If the amount is not known. the legary is Ireat8d os a contingent asset. 1.5 Expendlture Expenditure is recognised once ihere is a legal or constructive obligan to iransfer economic benefit lo a third party. it is probable that a transfer of ewnomic benefit will be required in settlement and the amount ol the obligab'on can be measuced reliably. 11
BLYTH VALLEY DISABLED FORUM LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Accounting policlès (Continuèd) 1.6 Tangible fixed assets Tangible fixed assets are inits.ally measured at cosl and subsequendy measured al st or valuation, nel of depreciation and any impaimienl losses. Depreciation is recognised so as lo write off the cost of assets less their residual values over their useful lives on the following bases= Buildings Plant and machinery Motor vehicles 2Yo slraight Line 33.3% Reducing Balan( 25°A Reducing Balance The gain or loss arising on the disp)sal of an asset is determin1 as Ihe differènee belween the sale proceeds and the carrying value of the asset. and is recognised in net incomellexpendilurel for the year. 1.7 Impaimient of fixed assets Al each reporting end date, the trust reviews Ihe carrying amounts of ils langible assets to determine whether there is any indication ihal Ihose assets have suffered an impairment loss. If any such indicaliDn exists, the recoverable amount of the asset is estimaled in order lo determine the extent of the impairment loss lif anyl- 1.8 Cash and eash •qulvalents Cash and cash equivalents indude cash in hand. defM)Sits held at call wth banks. other short-term liquid investments with original maturities of thfee months or less, and bank overdrafts. Bank overdr8fts or& shown within borrowings in currenl liabilities. 1.9 Finantlal Instruments The trust has elected lo apply the provisiorks ol Section 11 'Basic Financial Instruments. and Section 12 'Olher Finanryal Inslrufflents Issues. of FRS 102 to all ol its finanaal instruments. Financial instruments are recognised in the trust's balance sheet when Ihe tru51 be(x)mes party to thg contractual provisions of the instrument. Finanual assets and liabilities are offset. wth the net afflounls prèsented in the financial statements, when there is a legally enforceable right lo set off Ihe recognised amounts and there is an intention to sellle on a n81 basis 01 to realise the assel and setlle the liability simultaneously. Baslc flnancial assets Basic financial assets. which indLKJe debtors and cash and bank balances, ar8 initl8lly mèasured at transaction price including transaction costs and are subsequenuy carried at amortised cost using the effective interest method unless the arrangemenl constituies a financing transaction. whgre the transaction is measured al ihe present value of the fvture receipts discounted al a markel rale of interest. Financial assets classrfied 85 recehvable vrithin one year are nol amortised. 12-
BLYfH VALLEY DISABLED FORUM LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Accounting policies (Continued} Baslc flnanclal Ilabllltles Basic financial liabilities, including Lyedrtors and bank loans are inibally recognised al transaction price vnless the ariangemenl consblules a financing Iransaction, vA)ere the debl instrumenl is measured al the present value of the future paymenls discounted at a markel rate ol interest. Financial liabilities classified as payable within one year are not am0sed. Debt instruments are subsequendy carried at amClSed cost. using Ihe effective inlelest rate method. Tradè creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as cu¥renl liabilities if payment is due within one year or less. 11 not, they are presented as non-cu¥renl liabilities. Trade creditors a recognised inits'ally al transaction price and subsequenlty measured al arrKJrttse(I cost usirvJ Ihe effectiv8 interest method. Déreeognltlon of flnanclal Ilablllllès Financial liabilities are derecognised when the twst's conlractual obligations expiie or are discharged or cancelled. 1.10 Employee n•fits The cost of any unused holiday entitlement is recognised in the period in which the employee's seNices are received. Termination benefits are recognised immediately as an expense when the trust is demonstrably committed to terminatg thè employmènt of an employee or lo rK0d& teminab.on benefits. 1.11 Rètirèmènt b•nèfits Payments to defined contribution relirement benefil schemes a charged as an expense as Ihey fall due. Crltlcal accountlng estlmates and ludgements In Ihe applicaiion of Ihe tnjst's accounting policies. the trustees are required to make judgemenls. eslimales and assumptions aix)ul the carrying amount of assets arhd liabilitie5 that are not readily appa1 from other sources. The esii'mates and assoc#aled assumplions are based on historical experience and other laotors thal ore considered lo be relevant. Actual results may differ from these eslimale5. The e51ima18$ and urKlerfwng assumptions are reviewed on an gOIng basis. Revisions lo accounting eslimates are recognised in Ihe period in which the eslimale is revised where the revision affects only that Pgri1)d, or in the period of the revisKTrn and hjture periods where the ievision affects both current and luture periods. Grants, donations and contractlng Income Unvestrlcted Restrlcted funds funds Total Unrestricted Resliicled lunds funds Total 2021 2Q21 2021 2020 2020 2020 Grants, donations and contracting income 2.116 2,604.792 2,606.908 33,819 2.155.798 2,189.617 During the year the charity received £72.014 Covid support grants induded in reslflcted funds. 13-
BLYTH VALLEY DISABLED FORUM LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Investments Unrèstrlct•d Unrestricted funds funds 2021 2020 Interest receivable 133 330 Other Income Unrestrictad funds Total 2021 2020 Nel gain on disposal of tangible fixed assets 1.699 14-
BLYfH VALLEY DISABLED FORUM LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Charitabl• aetivitiès 2021 2020 Staff c051s Depreciation and Impalmnt Travel motor expenses Light. heal & rates Repair5 and computer costs Postage. stationery & phone costs Legal & professional fees Insurance Sundry expenses Training costs Equipment leasing Advertising Bank charges 2.056.471 16.389 5.664 8.164 24.339 50.468 10.247 10,003 55,420 4,078 28.706 10.165 1.463 1.833.659 12.334 13.503 7.508 20.380 37.927 9,803 10,238 43,100 1,767 26,743 7,670 2,664 2.281.577 2,027,296 Share ol govemance costs laudil fees) 7.080 6,840 2.288.657 2,034,136 Analysi5 by fund Unrestricted funds Restrictgd funds 21,801 30,376 2.266,856 2,003.760 2.288.657 2,034,136 Trustees None of the trustees lor any persons (xbnneded wlh them) received any remuner8tion or benefits from the charity during Ihe year. Employees The average monthly nufflber of employees during the year was.. 2021 Number 2020 Number Caier5 & Drivers Adtnirbistrative staff 102 12 96 13 Total 114 109 15-
BLYTH VALLEY DISABLED FORUM LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Employ••s (Continued} Employment costs 2021 2020 Wages and salaries Social security costs Other pension costs 1,891.964 130,530 33.977 1.694.484 109.614 29.561 2,056,471 1.833,659 Thele were no employees whose annual remuneration was £60.0(X) or more. Net gainslllossesl on investments Unrestrrcted unreslric18d funds funds 2021 2020 Revaluation of investments Gainlllossl on sale of invesiments 72.204 2.016 142.0641 18.098 74.220 {23,9661 10 Tangible fixed assets Bulldlngs Plant andmotor vehicles m•¢hin8ry Total Cost Al 1 April 2020 Additions Disposals 129.704 207.203 806 33,241 27,894 112.0001 370,148 28,700 {12,0001 Al 31 March 2021 129.704 208,009 49.135 386,848 Depreciation and impairment At 1 April 2020 Depreciation charged in the year Eliminated in respect ol disposals 45,722 2,594 194,474 4,507 23.083 9.288 111,0991 263,279 16.389 111,0991 At 31 March 2021 48.316 198.981 21,272 268,569 Carrying amount Al 31 March 2021 81.388 9,028 27.863 118,279 Al 31 March 2020 83,982 12,728 10,158 106,868 J6-
BLYTH VALLEY DISABLED FORUM LTD NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 11 Flnan¢ial In$trum•nts 2021 2020 Carrying amount of finaneial ass•ts Instruments rneasured at lair value Ihrough profit or loss 739.993 643,289 12 Debtors 2021 2020 Amounts falling due within onè yèar.. Trade debtors Prepayments and accrued Inrne 55.063 32.651 63,276 17,081 87.714 80,357 13 Current asset investments 2Q21 2020 Listed inveslmenls 739,993 643.289 14 CredSiors: amounts falling due within one year 2021 2020 Other taxation and social securiiy Trade creditors Other Greditors AGfjruals and deferred income 22.808 23.401 656 71.825 21,401 24,918 299 59.767 118.690 106.385 15 Restricted funds The Incomé funds ol the charity include reskn.cted funds cOmS1j the follomng unexpended balances of donations and grants held on trust for specific purposes.. Movement in funds Incoming Resources sourc•s •xpend Movèmènt in funds Incoming Resources Balance al resources •xpended 31 March 2021 Balance at 1 Aprll 2019 8alance at 1 April 2020 Reslricled funds re promotion nd w811ai8 lor disabled 116,696 2,155,798 {2.003,760} 268.734 2,604,792 12.266,8561 fj06.670 17
BLYTH VALLEY DISABLED FORUM LTD NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2021 16 Analysis of n•t ass•t$ bètween funds Unrestrict Restricted 2021 Total Unreslricted Re5triGled 2021 2020 2020 Ttstal 2020 Fund balances at 31 March 2021 are represented by.. Tangible 8s5els Current asselsllli8bilitiesl 118,279 118.279 734.581 605,615 1,341.501 106,868 6W,405 106.868 958.609 268,204 852,860 605,615 1,459.780 797,273 268,204 1.065.477 17 Operating lease commitments Al the repc>rting end date the trust had ouislanding commiiments forfuture minimum lease payments under non-cancellable operating leases as folk)ws'. 2021 2020 Within one year 53.020 74,890 18 Related party transaetlons Theré were no disclosable related party Iransactions during Ihe year12020- n¢M8}. 19 Cash gènerated from operations 2021 2020 Surplus for the year 394,303 131,845 Adjustm8nts for.. Investment income recognised in statement of financial aclivities Gain on disposal of tangible fixed assets Gain on disposal of investments Fair value gains and losses on investments DepreciatiorTr and impairmenl ol tangible fixed assets 11331 11,6991 12.0161 172.2041 16.389 13301 118.0981 42.064 12,334 Movements in working CaPTtal= Ilncreaseydecrease in debtors Increase in creditOTS 17,3571 12.304 77,008 33,085 Cash generated from operations 339,587 277,908 20 Analysis of changes in net funds The trust had no debl during Ihe year. 18-