2023-03-31-accounts - Merton Voluntary Service Council

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				Page
Legal and administrative	information
Report of the Trustees				4to16
Report ofthe Independent	Auditor	to the Members		17to 19
Statement of Financial Activities				20
Balance Sheet				21
Statement of Cash Flows				22
Notes to the Financial Statements				23:to40
Detailed Income and Expenditure Account (This page does not form part ofthe statutory			accounts)	41

			Page
Legal and administrative	information
Report ofthe Trustees			4 to 16
Report ofthe Independent	Auditor to the Members		17to 19
Statement ofFinancial Activities			20
Balance Sheet			21
Statement ofCash Flows			22
Notes to the Financial Statements			23to40
Detailed Income and Expenditure Account (This page does not form part ofthe statutory		accounts)	41

Note 11.in the accounts. The T	rustees serving during the y	ear and to the date ofthi
Brian Dillon	Chair and Secreta	from 1 October 2022
Asha Newsum
Kate Wi nail
Jennifer Goddard
Ben amin Brian Wilkins	Retired 31 March	2023
Wend Jane Pridmore
Annie Rebeca Wilson	Retired 31 March	2023

nior Management Team
Ton Mollo	Chief ExecutiveOfficera	ointed28'"Februa		2023.
Simon Shimmens Adwoa Fadahunsi	Chief Executive res ned 30'" Head of Develo ment and Volunteerin		Se tember "*	2022.
Dave Curtis	Head of Healthwatch Merton**
		**
Ben Halschka	Head ofSocial Prescribin
Andrea Kibble	Interim Head of Finance	until 30A ril	2023.

		note	Unrestricted Funds 2023	Restricted Funds 2023	Total Funds 2023	Total Funds 2022
				f
Donations and legacies				4,877	4,877	7,415
Income from charitable activities
Grants and Contracts			830,778	564,878	1,395,656	1,351,753
Other Trading Activities
Other Income			38,430	979	39,409	58,962
Investment			16,763		16,763	388
TOTAL INCOME			885,971	570,734	1,456,705	1,418,518
EXPENDITURE
Expenditure on Charitable	Activities	6	780,811	697,260	1,478,071	1,500,928
TOTAL EXPENDITURE			780,811	697,260	1,478,071	1,500,928
OPERATING DEFICIT			105,160	(126,526)	(21,366)	(82,410)
Other recognised gains/(losses)
Actuarial (losses)/gains on	defined
benefit schemes			(23)		(23)	31,742
NET EXPENDITURE			105,137	(126,526)	(21,389)	(50,668)
Transfer between funds			(7,876)	7,876
NET MOVEMENT IN FUNDS			97,261	(118,650)	(21,389)	(50,668)
TOTAL RECONCILIATION	OF
FUNDS BROUGHT FORWARD AT		24
1 APRIL 2022			242,857	808,112	1,050,969	1,101,637
TOTAL FUNDS CARRIED
FORWARD AT 31 MARCH 2023			340,118	689,462	1,029,580	1,050,969

				2023	2022
				E
FIXEDASSETS
Intangible assets				12,912		14,526
Tangible assets
CURRENT ASSETS
Debtors		18	152,491		299,537
Cash at bank and in hand			1,410,494		1,085,661
			1,562,985		1,385,198
LIABILITIES
CREDITORS - Amounts	falling
due within one year		19	(542,891)		(340,784)
NET CURRENT ASSETS				1,020,094		1,044,414
TOTAL ASSETS LESSCURRENT
LIABILITIES				1,033,006		1,058,940
CREDITORS- Amounts	falling
due after more than one	year
PENSION LIABILITY		23		(3,426)		(7,971)
NET ASSETS		23		1,029,580		1,050,969
TOTAL FUNDS OF THE	CHARITY
Unrestricted Funds:		24		340,118		242,857
Restricted Funds		24		689,462		808,112
Total Funds		24		1,029,580		1,050,969

Cash Flow			note	2023	2022
Net cash provided by/(used	in)
operating activities				308070	58063
Cash flows from investing activities
Interest from Investments				16,763	388
Purchase of intangible assets
Net cash provided by/(used investing activities	in)			16,763	388
Change in cash and cash equivalent				324,833	(57,675)
Cash and cash equivalent at the start of
the year				1,085,661	1,143,336
Cash and cash equivalent at the year	the end of			1,410,494	1,085,661
Reconciliation of net movement		in
funds to net cash flow from	operating
activities
Net (expenditure)/income for the
reporting period (as per the	statement			(21,389)	(50,668)
offinancial activities)
Adjustments for:
Add back depreciation charge				1,614	2,886
Interest from investments				(16,763)	(388)
(Decrease)/increase in debtors				147,046	(93,118)
Increase in creditors				202,107	119,535
(Decrease) in pension charge				(4,545)	(36,310)
Net cash used in operating	activities			308,070	(58,063)
Analysis ofcash and cash equivalents			note	2023 E	2022
Bank and cash in hand				1,410,494	1,085,661
Total cash and cash equivalents				1,410,494	1,085,661

INCONIE FROM CHARITABLE	ACTIVITIES	ACTIVITIES	ACTIVITIES
Grants and contract received are		as follows:					2023	2022
Unrestricted
Comm Hub Jigsaw Model Research Project							6,708	33,538
Community Links Bromley							9,382	13,938
Croydon Voluntary Action							10,000
Healthwatch Sutton							3,000
LBM (Transactional Services Team)							7,986
City Bridge Trust							5,726
Good Things Foundation Contract								3,650
LBM - Covid-19 Community Response			Hub					8,209
LBM - Notional Rent							37,949	37,949
LBM - Strategic Partner Fund Contract							175,000	175,000
LBM —Volunteering in Libraries	Contract						17,500	17,500
LBM - Lunch club							24,800
LBM —Vaccine Champions fund							50,000
London Ambulance Service Engagement							5,000
London Sport Satellite Club								20,000
Merton Clinical Commissioning	Group —Social Prescribing					Contract	475,378	428,023
Others							2,349	16,437
							830,778	754,244
Restricted —Project based
City Bridge Trust- Development		Work	Grant					33,833
City Bridge Trust- Merton Giving		Grant					56,500	52,834
GLA —Young Londoners Fund Local Networks					Grant		30,900	39,900
LBM - Community Accountancy	and Merton			Giving Support			74,325	40,275
LBM —Healthwatch Grant							125,000	125,000
LBM —Your Merton Engagement								20,000
Wimbledon Foundation Grant								27,167
LBM - Community Hub Jigsaw							33,538
CCG Capacity Building Fund							26,615
							346,878	339,009
Restricted -Grants for third parties
Clarion Futures							17,000
LBM —Merton Partnership Community			Giving		Grants		121,000	116,500
Moat Homes Limited							5,000
National Lottery Community Fund								142,000
Wimbledon Foundation							25,000
LBM - Inequalities							50,000
							218,000	258,500
Total Restricted							564,878	597 509
Total Income from Charitable	Activities						1 395656	1 351753
INCONIE FRONI CHARITABLE	ACTIVITIES continued

ANALYSIS OF EX	PENDI	TURE ON	CHARITABLE	ACTIVITIES	ACTIVITIES
			Grants given	Direct Charitable		Support	Total	Total
			(Note 7.1)		Expenditure	Costs
					(Note 7)	(Note 8)
			2023		2023	2023	2023	2022
							E
General Activities					676,207	104,604	780,811	744,669
City Bridge Trust -	Development
City Bridge Trust-	Merton	Giving			51,025	3,293	54,318	40,415
CCG Capacity Building Fund			26,615				26,615	52,730
Comm Hub Jigsaw Year Project	Model	Research			8,333		8,333
Greater London Authority Londoners		-Young			38,537		38,537	35,845
LBM —Community Support	Accountancy				23,709		23,709	35,842
LBM - Healthwatch					102,764	20,958	123,722	124,174
LBM —Quality Assurance
LBM —Transforming capacity funding	communities				7,369		7,369	12,438
LBM - Your Merton	Community
Consultation and Engagement								20,000
Project
Merton EMHIP Inequalities		Project			507		507
Social Prescribing	Contract				7,455		7,455	22,104
Sutton and Merton Funds	CCGs'	Charitable	236,361				236,361
Trust for London								2,222
Big Lottery
Merton Giving Grant Distribution Fund			170,041		293		170,334	387,274
Wimbledon Foundation -		Step Up						7,856
Wimbledon Foundation -		Skill Up						15,359
			433,017		916,199	128,855	1,478,071	1,500,928
Of the total expenditure of E1,478,071 (2022:f1,500,928), F697,260 was						in respect	of restricted	funds (2022:
f756,259) and f780,811was in respect of unrestricted					funds (2022:f744,669).

DIRECT CHARITABLE EXPENDITURE
	2023	2022
Staff and related costs	669,502	702,672
Direct Project costs	100,860	156,510
Premises and hall hire costs	42,610	41,054
Office costs	55,787	60,963
Professional fees and other costs	47,440	38,374
	916,199	999,573

GRANTS GIVEN
The following institutions		were	given cumulative			grants	in the year:
							2023	2022
							E
Accoutre Centre for Learning			CIC					10,000
Age UK Merton							10,000
Ashdon Jazz Academy								2,790
Association for the Polish		Family					12,000	16,438
ATS Creative Academy	CIC						10,000	14,450
Attic Theatre Company	(London)			Limited				9,948
Avanti Mental Well Being		CIC						10,000
BAME Voice							78,000
Bgs ofTaste Ltd							10,000
CARAS							9,877
Carers Support Merton							10,000
Chabad Lubavitch of South London								5,000
Combination Dance Grant							9,522
Commonside							7,096
Commonside Community		Development			Trust		9,454	13,650
Community Drugs &Alcohol Recovery Services							9,853
CroydonPlus Credit Union							10,000
Duffus Cancer Foundation		(DCF)					10,000	11,855
Ethnic Minority Centre.							7,015
Filmanthropy CIC								10,000
Five Aside Theatre							7,980	10,391
Focus 4 1							6,788	7,000
Free2B Alliance CIC								9,000
FROG Learning CIC							7,370	5,325
Girls into Coding CIC								10,000
Graphite & Diamond Ltd							12,275
Hestia Housing and Support							10,000
InCommon Foundation							10,000
Inner Strength Network	CIC							10,870

GRANTS GIVEN continued
Jigsaw4U (g)					10,000
Jus 'T' Leam (formerly MSJ Student Charity)						7,380
Kiddicode Project						10,000
Lantern Arts Centre					10,000	7,505
Maggies at the Royal Marsden					10,000	4,990
Maroon Solis CIC					10,000
May Projects Garden CIC					10,000
Merton Centre for Independent			Living		9,650	5,124
Merton Community Transport					10,000
Merton Somali Community	(MESCO)				9,945
Meiton Voluntary Association		for the Blind				9,915
Mitcham Town Community Other Small grants of up to institutions (2021:39)	Trust f5,000were made to 15					5,000 35,055
Positive Network Community		Project				10,981
Safe Ground						9,335
Sherwood Park Hall CIC						6,600
Sonoro						16,850
South London Tamil Welfare Group					10,000	2,000
South Mitcham Community	Association				9,840
South West Law Centre					7,744
South West London Law Centres					20,000
Springfield Advice and Law	Centre Limited					10,000
Studio Upstairs					5,000	14,871
Sustainable Merton					17,021	13,042
Sutton African and Caribbean		Cultural		Organisation	4,984
The Endeavour Club						10,000
The Salvation Army (in Mitcham)						6,744
The Walk and Talk Movement			CIC			8,150
Unique Talent CIC					8,143	9,084
Uptown Youth Services						10,000
Wimbledon Community Chorus						6,000
Wimbledon Guild					3,460
Women Arise Ministries					10,000	5,000
Wood World Missions						6,680
					433,017	387,023

SUPPORT	COSTS
		2023	2022
Staff and related costs		66,012	64,987
Premises and hall hire costs		6,173	9,044
Office costs		41,498	24,003
Professional	fees and other costs	10,808	13,166
Governance	costs (Note 9)	4,364	3,132
		128,855	114,332

				2023	2022
Audit fees				4,261	3,096
Committee		8 Strategic Planning	costs	103	36
				4,364	3,132
NET IMCONlING/(OUTGOING)			RESOURCES
Net resources are stated after charging/(crediting):				2023	2022
Audit fees				4,261	3,096
Operating	lease rentals			41,857	41,857
Amortisation		and depreciation		1,614	2,886

	2023	2022
Wages and Salaries	615,068	603,606
Social security costs	55,128	53,422
Pension costs	30,596	24,880
	700,792	681,908

				2023		2022
				Numbers		Numbers
Senior	Management	Team			4		4
Other	Direct Charitable		Staff		18		14
					22		18

The amo	unts	rec	ognised	in t	he s	tatem	ent of	financial activities	are as follows:
									2023	2022
									E	f
Net interest		from	net defined		asset/liability				237	342
									237	342
Changes	in	the present value of the defined						benefit obligation	are as follows:
									2023	2022
										K
Defined	benefit		obligation						(12,539)	(59,283)
Contribution		by	scheme	participants					4,568	15,002
Interest	Cost								(237)	(342)
Re-measurement			from changes			in financial		assumptions	214	288
Re-measurement			from amendments				to the	contribution
scheme										31 796
									7994	12,539
The amounts		recognised		in other		recognised		gains and losses	are as follows:
									2023	2022
									E
Actuarial	/(losses)/gains			from changes			in financial
assumptions									23	31,742
									23	31,742
									2023	2022
									K
Discount	rate								552%	2.35%

INTANGIBLE FIXEDASSETS As a registered charity MVSC is ex and in respect ofcapital gains.	empt from Corporation Tax in re	spect of its investment an	d charitable inco
	Website	Database	Total
	2023	2023	2023
	lE:
COST
At 1 April 2022	10,200	5,940	16,140
Additions
At 31 March 2023	10,200	5940	16140
AMORTISATION
At 1 April 2022	1,020	594	1,614
Charge for year	1 020	594	1 614
At 31 March 2023	2 040	1 188	3228
NET BOOK VALUE
At 31 March 2023	8,160	4,752	12,912
At 31 March 2022	9,180	5,346	14,526

		Computer
		and Office		Total
TANGIBLE FIXEDASSETS		Equipment
			F
COST
At 1 April 2022		36,601		36,601
Additions
Disposal		(8,901)		(8,901)
At 31 March 2023		27,700		27,700
ACCUMULATED	DEPRECIATION
At 01 April 2022		36,601		35,330
Charge for the year
Disposal		(8,901)		(8,901)
At 31 March 2023		27,700		27,700
TANGIBLE ASSETS continued
NET BOOK VALUE
At 31 March 2023
At 31 March 2022


18.	DEBTORS:AINOUNTS		FALLING DUE WITHIN ONE YEAR
						2023	2022
						F	f.
	Trade debtors					80,946	227,521
	Accrued Income					45,267	45,137
	Prepayments					26,278	26,879
						152,491	299,537
19.	CREDITORS: AMOUNTS			FALLING DUE WITHIN ONE		YEAR
						2023	2022
						F
	Trade creditors					150,771	104,933
	Funds held on behalf organisation s	of	other			75,934	93,312
	Other creditors					1,112	5,812
	Accrued expenses					39,001	9,096
	Deferred income					255,865	123,063
	Pensions					4,568	4,568
	Taxation and social security					15,640
						542,891	340,784
20.	CREDITORS: AMOUNTS			FALLING DUE AFTER ONE		YEAR
						2023	2022
						E
	Pension liabilities					3,426	7971
21.	DEFERRED INCOME
					Balance Brought Forward	Amounts released from previous year	Income deferred in the current year	Balance Carried Forward
						F
	Deferred Income				123,063	(123,063)	255,865	255,865
22.	OPERATING LEASE	COMMITMENTS
	Total future minimum	lease payments			for non-cancellable	operating leases are as follows:
						2023	2022
							E
	Expiring:
	Within one year					41,857	41,857
	Between one and five	years				17,440	59,297
	More than five years
						59,297	101,154

			Unrestricted Funds	Unrestricted Funds	Unrestricted Funds	Restricted funds	2023
			General funds	Designated funds		Pension Funds	TotalFunds
Fixed assets			12,912				12,912
Current	assets		696,455	26,000		840,534	1,562,985
Current	liabilities		(387,255)			(151,068)	(538,323)
Pension	liability	& 1 year				(4,568)	(4,568)
Pension	liability	& 1 year				(3,426)	(3,426)
			322,112	26,000		(7,994) 689,462	1,029,580
Comparative year information			for the net assets between		funds:
			Unrestricted	Restricted		Total Funds
			funds	funds		2022
Fixed assets			14,526			14,526
Current	assets		301,618	1,083,580		1,385,198
Current	liabilities		(60,748)	(275,468)		(336,216)
Pension	liability	& 1 year	(4,568)			(4,568)
Pension	liability	& 1 year	(7,971)			(7,971)
			242,857	808,112		1,050,969

MOVEIIENT IN FUNDS:	MOVEIIENT IN FUNDS:
Unrestricted Funds			Balance at 01/04/2022	Incoming Resources	Outgoing Resources	Transfers between funds	Gains 8 losses	Balance at 31/03/2023
			F			F		F
General Fund			255,396	885,971	(780,811)	(38,444)		322,112
Designated Fund						26,000		26,000
Pension Fund			(12,539)			4,568	23	7,994
Total Unrestricted	Funds		242,857	885,971	(780,811)	(7,876)	(23)	340,118
Restricted Funds
City Bridge Trust -	Merton	Giving	2,062	56,500	(54,318)			4,244
CCG Capacity Building Fund				26,615	(26,615)
Comm Hub Jigsaw Year Project	Model	Research		33,538	(8,333)			25,205
Greater London Authority Londoners		—Young	7,637	30,900	(38,537)
LBM —Community Support	Accountancy		4,433	74,325	(23,709)			55,049
LBM - Healthwatch			10,616	125,979	(123,722)			12,873
LBM - Transforming capacity funding	communities				(7,369)	7,369
Merton EMHIP Inequalities		Project			(507)	507
Social Prescribing	Contract		7,455		(7,455)
Sutton and Merton Funds	CCGs'	Charitable	724,667		(236,361)			488,306
Merton Giving Grant Distribution Fund			46,101	222,877	(170,334)			98,644
Wimbledon Foundation —Merton Start Up			5,141					5,141
			808,112	570,734	(697,260)	7,876		689,462
TOTAL FUNDS			1,050,969	1,456,705	1,478,071		(23)	1,029,580

IIOVEIIENT IN FUNDS:	continued	continued	continued
Unrestricted Funds				Balance at 01/04/2021	Net movement in funds	Transfers between funds		Balance at 31/03/2022
				F
General Fund				201,156	69420			255,396
Pension Fund				(59,283)	31 742			12539
				141,873	101,162	(178)		242,857
Restricted Funds
Capacity Building —Trust	for London			2,222	(2,222)
City Bridge Trust —Development			Work	6,423	(6,582)	159
City Bridge Trust - Merton	Giving			1,958	104			2,062
GLA- Young Londoners	Network			3,582	4,055			7,637
LBM - Community Accountancy		Support			4,433			4,433
LBM - Healthwatch				9,790	826			10,616
LBM —Quality Assurance				12,419	(12,438)		19
Merton Giving Grant Distribution			Fund	133,462	(87,361)			46,101
Social Prescribing Contract				29,559	(22,104)			7,455
Sutton and Merton CCG —MSVC			2025 fund	759,160	(34,493)			724,667
Wimbledon Foundation —Merton			Skill-Up	1,189	(1,189)
Wimbledon Foundation —Merton			Start-Up		5,141			5,141
				959,764	(151,830)	178		808,112
TOTAL FUNDS				1,101,637	(50,668)			1,050,969
Unrestricted Funds				Incoming resources	Outgoing resources	Gains & losses		Movement Funds at 31/03/2022	in
				E		F		F
General Fund				814,089	(744,669)			69,420
Pension Fund						31,742		31 742
Total Unrestricted Funds				814,089	(744,669)	31,742		101,162
Restricted Funds
Capacity Building —Trust	for London				(2,222)			(2,222)
City Bridge Trust- Development			Work	33,833	(40,415)			(6,582)
City Bridge Trust- Merton Giving				52,834	(52,730)			104
GLA —Young Londoners	Network			39,900	(35,845)			4,055
LBM —Community Accountancy			S'upport	40,27.5	(35,842)			4,433
LBM —Healthwatch				125,000	(124,174)			826
LBM —Quality Assurance					(12,438)			(12,438)
LBM —Your Merton Engagement				20,000	(20,000)
Merton Giving Grant Distribution			Fund	265,420	(352,781)			(87,361)
Social Prescribing Contract					(22,104)			(22,104)
Sutton and Merton CCG	—MVCS
2025 Fund					(34,493)			(34,493)
Wimbledon Foundation —Merton			Skill Up	6,667	(7,856)			(1,189)
Wimbledon Foundation —Merton			Start Up	20,500	15359			5 141
				604,429	756,259			151830
TOTAL FUNDS				1418518	1 500 928			50668

Funds
			2023	2022
			E
Cornerstone				11,750
City Bridge	Trust		92,000	149,000
Wimbledon	Guild ofSocial Welfare			40,245
Wimbledon	Foundation	Grant	100,000
			192,000	200,995

				2023	2022
					E
Voluntary income
Donations				4,877	7,415
Investment income
Interest received				16,763	388
Incoming resources		from charitable
activities
Grants and contracts				1,395,656	1,351,753
Other trading activities
Service Income				33,042	54,405
Miscellaneous income				6,367	4,557
Total Income				1,456,705	1,418,518
Charitable activities
Staff Salaries				615,068	603,606
Employers National	Insurance			55,128	53,422
Pension				30,596	24,880
Staff Training				2,312	2,739
Associates and Interim		Staff		19,305	78,727
Staff travel				150	790
Recruitment				10,578	450
Other staff expenses				2,378	3,044
Premises costs				44,269	43,691
Volunteers' expenses				1,271	1,685
Committee and meeting costs				2,899	2,282
Grants given				433,017	387,023
Publications and subscriptions				3,940	4,880
Communication and	publicity			37,797	3,743
Stationary, postage	and telephone			7,850	4,912
ITcosts				46,426	57,936
Depreciation				1,614	2,886
Website development					13,050
Professional fees				57,199	50,505
Bank charges				1,050	1,035
Direct project costs				100,860	156,510
				1,473,707	1,497,796
Governance costs
Audit Fees				4,261	3,096
Committee and Strategic Planning			costs	103	36
				4,364	3,132
Total Expenses				1,478,071	1,500,928
Operating (Deficit)/Surplus				(21,366)	(82,410)