2021-03-31-accounts - Basingstoke Voluntary Action

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				Page
Foreword from the Chair ofTrustees			1	to	2
Report ofthe Trustees			3	to	10
independent Examiner's		Report
Statement ofFinancial		Activities		12
Balance Sheet			13	to	14
Cash Flow Statement				15
Notes to the Cash Flow		Statement
Notes to the Financial	Statements		17	to	29

Statement ofFinancial for thc Year Ended 31	Activities March 2021
						31.3.21	31.3.20
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
			Notes		f,
INCOME AND ENDOWMENTS		FROM
Donations and legacies				414,255	45,559	459,814	376,513
Charitable activities
Facilities management				146,590		146,590	I56,384
Grants and contracted	services						9,404
Investment income				126		126	582
Total				560,971	45.559	606,530	542,883
EXPENDITURE ON
Charitable activities
Facilities management				410,007	101,925	511,927	393,438
Donated services and facilities				94,794		94,794	93,908
Othe).
Total				504,797	101,925	606,722	487,346
NET INCOME/(EXPENDITURE)				56,174	(56,366)	(192)	55,537
Other recognised gains/(losses)
Actuanal gains/(losses) schemes	on defined	benefit		~4000		~4000	~26000)
Net movement in funds				60,174	(56,366)	",808	29,537
RECONCILIATION	OF FUNDS
Total funds brought	forward			(338,132)	88,895	(249,237)	(278,774)
TOTAL FUNDS CARRIED FORWARD				~277958)	32529	~245429)	~249 37

			31.3.21	31.3.20
		Notes		6
FIXEDASSETS
Tangible assets			35,835	39,539
CURRENT ASSETS
Debtors		12	43,432	30,034
Cash at bank and in hand			334411	217233
			377,843	247467
CREDITORS
Amounts falling due within	one year	13	(142,107)	(30,043)
NET CURRENT ASSETS			235 736	217 24
TOTAL ASSETSLESSCURRENT
LIABILITIES			271,571	256,763
PENSION LIABILITY		17	(517,000)	(506,000)
NET ASSETS/(LIABILITIES)			~245 429	~249 37)
FUNDS		16
Unrestricted funds			(277,959)	(338,132)
Restricted funds			32530	88 895
TOTAL FUNDS			~245 429	~249 37)

for thc Year Ended 31 Mar	c	h 2021
					31.3.21	31.3.20
				Notes	f.
Cash flows from operating		activities
Cash generated from operations Net cash provided by operating activities					120438 120438	24 281 ~24 281
Cash flows from investing		activities
Purchase oftangible tixed	assets				(3,386)	(34,135)
Interest received					126	582
Net cash used in investing	activities				3 260	~33553)
Change in cash and cash	equivalents		in
the reporting period					117,178	(9,272)
Cash and cash equivalents		at the
begianing ofthe reporting		period			217233	226,505
Cash and cash equivalents		at the end	of
ihe reporiiug period					~334411	~217233

OPERATING ACT	IVIT	IES
						31.3.21	31.3.20
Net (expenditure)/income			for the reporting	period (as per the
Statement ofFinancial		Activities)				(192)	55,537
Adjustments for:
Depreciation charges						7,090	8,820
Interest received						(126)	(582)
Incrcasc in debtors						(13,398)	(11,627)
Increase/(decrease)	in creditors					112,064	(27,867)
Ditference bet~can	pension		charge and cash	contributions		15,000
Net cash provided	by operations					120438	24 281
ANALYSIS OF CHANGES IN NET FUNDS
					At 1.4.20	Cash flow	At 31.3.21
Net cash
Cash at bank and in	hand				217.233	~II7 178	334,411
					217233	117178	334411
Total					217233	117178	334411

								31.3.21	31.3.20
Donations								70,600	42.296
Grants								294,420	240,309
Donated services		or facilities						94,794	93908
								459814	376 513
Grants received,		included	in the above, are as follows
								31.3.71	31.3.20
Local and central government Giants from other charities and				grants organisations				248,586 ~45 834	240,309
								294420	240 309
INVESTMENT		INCOME
								31.3.21	31.3.20
Dividends	and interest rec'd							126	582
INCOME FROM CHARITABLE					ACTIVITIES
								31.3.71	31.3.20
				Activity
Charitable Grants	operations				Facilities management Grants and contracted	services		146,590	156,384 ~9404
								146590	165 788
CHARITABLE		ACTIVITIES COSTS
								Support
							Direct	costs (see
							Costs	note 6)	Totals
							8
Facilities	management						71,564	440,363	511,927
Donated services		and facilities						94 794	94,794
							71 564	535 157	606 721

				Information	Human
			Fmancef	technology	resources
Facilities	management		1,423	28,852	235,938
Donated	services and facilities
			1 423	28 852	235 938
				Governance
		Admin	Premises	costs	Totals
			f
Facilities	management	100,091	71,286	2,773	440,363
Donated	services and facilities		94794		94 794
		100091	166080	2 773	535 157

			31.3.21	31.3.20
Depreciation	—owned	assets	~7090	~8820

STAFF COSTS
										31.3.21	31.3.20
Wages and salaries										199,826	183,616
Social secunty costs										8,111	7,232
Other pension costs										28,002	30939
										235939	221 787
The total employee benefits ofthe			key management		personnel	ofthe charitable	company		were	f77,233 (2020;	677,235).
The average monthly	number ofemployees			during	the year was as follows:
										31.3.21	31.3.20
Full-time headcount										2	2
Part-time headcount										13	12
										15	14
No employees received		enioluments	in excess of660,000.
COMPARATIVES	FOR THE STATEMENT OF FINANCIAL ACTIVITIES
							Unrcstrictcd			Rcstrictcd	Total
							funds			funds	funds
										f
INCOME AND ENDOWMENTS			liROM
Donations and legacies							260,900			115,613	376,513
Charitable activities
Facihties management							156,384				156,384
Grants and contracted		services						635		8,769	9,404
Invcstmcnt income								582			582
Total							418,501			124,382	542,883
EXPENDITURE ON
Charitable activities
Facihties management							308,479			84,959	393,438
Donated scrviccs and	facilitics						93,908				93,908
Total							402,387			84,959	487,346
NET INCOME							16,114			39,423	55,537
Transfers between funds							(3	045		~3045
Other recugnised gains/(losses)
Actuarial gains/(losses) schemes		on defined	benefit			~26		000)			~26000)
Net movement in funds							(12,931)			4"468	29,537


10.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL			ACTIVITIES - continued
				Unrestricted	Restricted	Total
				funds	funds	funds
	RECONCILIATION		OF FUNDS
	Total funds	brought	forsvard	(325,201)	46,427	(278,774)
	TOTAL FUNDS CARRIED FORWARD			~338 132)	88 895	~249237)
11.	TANGIBLE	FIXED	ASSETS
				Fixtures
				and	Computer
				fittings f	equipment	Totals
	COST
	At 1 April 2020			81,011	33,608	114,619
	Additions Disposals				3,386 ~3818)	3,386 ~3,818)
	At 31 March	2021		81 011	33 176	114 187
	DEPRECIATION
	At I April 2020			41,813	33,267	75,080
	Charge for year Eliminated on disposal			6,978	112 ~38)8	7,090 ~3818)
	At 31 March	2021		48 791	29,561	78 352
	NET BOOK	VA1,11E
	At 31 March	2021		32 220	3 615	35 835
	At 31 March	2020		39 198	341	39539
12.	DEBTORS:	AMOUNTS FALLING DUE WITHIN ONE YEAR
					31.3.21	31 3.20
	Trade debtors				20,767	10,681
	Other debtors				443	713
	Prepayments	and accrued income			~22 22	18,640
					43 432	30034

CREDITORS: AMO	UNTS FALLING DUE WITHIN ONE	YEAR
		31.3.21	31.3.20
Trade creditors		12,086	22.590
Other creditors Accruals and deferred	income	81,770 48,251	907 ~6546
		142 107	30043

ANALY	SIS OF NET ASSETSBE	TWEEN FUNDS
				31.3.21	31.3.20
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		f
Fixed assets		35,835		35,835	39.539
Current	assets	32'i,363	50,480	377,843	247,267
Current Pension	liabilities liability	(124,157) ~517000)	(17,950)	(142,107) ~777 tlttl	(30,043) ~506000)
		~277 959)	32530	~245 429)	~249 237)

			Net	Transfers
			movement	between	At
		At 1.4.20	in funds	funds	31.3.21
			f.
Unrestricted funds
General fund		(398,578)	51,750	(35,000)	(381,828)
Orchard		60,446	8,423	(2,100)	66,769
Dcsignatcd funds				35,000	35,000
Orchard sinking	fund			2 100	2 100
		(338,132)	60,173		(277,959)
Restricted funds
Camrose Centre		53,591	(53,591)
Mayors Charity Appeal		3,216	(3,216)
BDBCSocial inclusion		713	(713)
LIF grant		281	I'281)
Green investment grant RebootIT TOTAL FUNDS		31,094 ~88 895 ~249 237)	(5,120) 6,556 ~56365) ~3808		25,974 ~6556 ~32530 ~245 429)
Net movement in	funds, mcluded	in the above are as follows:
		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
			f.
Unrestricted funds
General fund		312,624	(264,874)	4,000	51,750
Orchard Rent and rates B&DBC		153,553 94 794	(145,130) ~94,794)		8,423
		560,971	(504,798)	4,000	60,173
Restricted funds
Camrosc Ccntrc		32,818	(86,409)		(53,591)
Mayors Charity Appeal			(3,216)		(3,216)
BDBCSocial Inclusion			(713)		(713)
LIF grant			(281)		(281)
Green investment	grant		(5,120)		(5,120)
BBCChildren in Reboot IT	Need	3,279 9462 45,559	(3,279) ~2906) ~IO I 924)		6 556 ~56365)
TOTAL FUNDS		606 530	~606722)	4 000

				Net	Transfers
				movement	between	At
			At 1.4.19	in funds	funds	31.3.20
				f
Unrestricted funds
General fund			100,758	(16,291)	(3,045)	81,422
Orchard			54,041	6,405		60,446
Pension			~400 000			~480 000)
			(325,201)	(9,886)	(3,045)	(338,132)
Restricted funds
Young Carers Basingstoke			36	(3,081)	3,045
Camrose Centre			42,462	11,129		53,591
Mayors Charity Appeal			3,216			3,216
BDBCSocial Incluston			713			713
LIF grant				281		281
Green investment	grant			31 094		31 094
			46427	39423		88,895
TOTAL FUNDS			278 774	29537		~249 237)
Comparative net movement		in funds, included	in the above are as follows:
			Incoming	Resources	Gains and	Movement
			resourcesf	expendedf	losses f.	in funds f
Unrestricted funds
General fund			170,497	(160,788)	(26,000)	(16,291)
Orchard Rent and rates B&DBC			154,096 93,908	(147,691) ~493908)		6,405
			418,501	(402,387)	(26,000)	(9,886)
Restricted funds
Young Carers Basingstoke			8,690	(11,771)		(3,081)
Camrose Centre			57,440	(46,311)		11,129
BDBCSocial Incluston			712	(712)
LIF grant Green investment	grant		24,390 33 150 124,382	(24,109) ~2056) ~84 959)		281 31 094 39423
TOTAL FUNDS			542 883	~487 346)	26 000	29 537

			Net	Transfers
			movement	between	At
		At 1.4.19	in funds	funds	31.3.21
			f
Unrestricted funds
General fund		100,758	35,459	(38,045)	98,172
Orchard		54,041	14,828	(2,100)	66,769
Pension		(480,000)			(480,000)
Designated funds Orchard sinking	fund			35,000 ~2100	35,000 ~2100
		(325,201)	50,287	(3,045)	(277,959)
Restricted funds
Young Carers Basingstoke		36	(3,081)	3,045
Camrose Centre		42,462	(42,462)
Mayors Charity Appeal		3,216	(3,216)
BDBCSocial Inclusion		713	(713)
Green investment Reboot IT	grant	~46427	25,974 ~6556 ~16,942)	~3045	25,974 6,556 ~32 530
TOTAL FUNDS		278 774	33345		~245 429)

			Incoming	Resources	Gains and	Movement
			resources f	expended	losses	in funds
Unrestricted	funds
Gcncral fund			483,121	(425,662)	(22,000)	35,459
Orchard			30'7,649	(292,821)		14,828
Rent and rates	B&DBC		188702	~188702)
			979,472	(907,185)	(22,000)	50,287
Restricted funds
Young Carers	Basingstoke		8,690	(11,771)		(3,081)
Camrose Centre			90,258	(132,720)		(42,462)
Mayors Charity Appeal				(3,216)		(3,216)
BDBCSocial	lncluston		712	(1,425)		(713)
LIF grant			24,390	(24,390)
Green investment		grant	33,150	(7,176)		25,974
BBCChildren Reboot IT	in	Need	3,279 9462 169,941	(3,279) ~2906) ~186883)		6 556 ~16942)
TOTAL FUNDS			1 149413	~1094068)	22 000	33 345

			Defined benefit
			pension plans
			31.3.21 31.3.20
			8
Present value offunded	obligations		(1,486,000) (1,268,000)
Fair value ofplan assets			1,486 t816 1 258 tNH
Present value ofunfunded Deficit Net liability		obligations	~577tHltlt ~566 MN ~5771NHH ~566tM7 ~577 tHltl ~566 MHl

The amounts recognised m the Statement ofFinancial Activities a	re as follows:
	Defined	benefit
	pension	plans
	31.3.21	31.3.20
	f.
Current scrvicc cost	8,000	8,000
Net interest from net detined benefit
asset/liability	12,000	12,000
Past service cost
	20000	20 000
Actual return on plan assets	266000	106000

Changes	in the present value ofthe defined benefit obligation a	re as follows:
		Detined	benefit
		pension	plans
		31.3.21	31.3.20
Opening	defined benefit obligation	1,764,000	1,840,000
Current	service cost	8,000	8,000
Contributions by scheme participants		1,000	1,000
Interest	cost	40,000	44.000
Other remeasurements			1,000
Actuarial Benetits	losses/(gains) paid	262,000 (78,000) ~62 00tl) ~52 tHN
		2 tltl'1 tHltl	1 764 tHN

Changes	in th	e fair value ofscheme assets are as follows.
			Detined	benefit
			pension	plans
			31.3 21	31.3.20
Opening	fair	value ofscheme assets	1,268,000	1,360,000
Contributions		by employer	6,000	23,000
Contributions		by scheme participants	1,000	1,000
Intcrcst	income on assets		28,000	32,000
Actuarial Benefits	gains/(losses) paid		256,000 (106,000) ~62,tNH) ~52 tNH)
			1466tHltl	1 256 NN

						Defined	henefit
						pension	plans
						31.3.21	31.3.20
						f.
Actuarial	gains/(losses)					~4000	~26 0001
						4000	~26 000
The major categories ofscheme assets as a percentage oftotal scheme assets are					as follows:
						Defined	benefit
						pension	plans
						31.3.21	31.3.20
Equities						57.00o/o	52.70'/o
Bonds						17.30'/	21.80'/
Property						6.10'/o	7.30'/o
Cash						1.40'/o	2.00'/o
Other						18.20'/0	16.20%
						100.00/o	100.00/o
Principal	actuarial		assumptions	at the Balance Sheet date (expressed as weighted	averages):
						31.3.21	31.3.20
Discount	rate					2.10'/o	2.30'/o
Future salary		increases				3.70'/o	3.00'/o
Future pension		increases				2.70'/o	2.00o/0
Pension accounts			revaluation	rate		2.70'/o	2.00'/o
CPI Inflation						2.70'/o	2.00"/0