**LINKS:**
# **THE CHESTERFIELD AND NORTH EAST DERBYSHIRE COUNCIL FOR VOLUNTARY SERVICE AND ACTION LIMITED**
# **COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS**
## **FOR**
## **31 MARCH 2021**
**Company Registration Number 04294079 Charity Number 1089963**
## **DERBY COMMUNITY ACCOUNTANCY SERVICE**
Babington Lodge 128 Green Lane Derby DE1 1RY
**LINKS:**
**THE CHESTERFIELD AND NORTH EAST DERBYSHIRE COUNCIL FOR VOLUNTARY SERVICE AND ACTION LIMITED**
## **COMPANY LIMITED BY GUARANTEE**
## **FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2021**
|**Contents**|**Page**|
|---|---|
|Members of the board and professional advisers|**1**|
|���������������������|
**2-7**|
|���������������������������|**8**|
|Statement of financial activities|**9**|
|Balance sheet|**10**|
|Notes to the financial statements|**11-18**|
## **LINKS:**
## **THE CHESTERFIELD AND NORTH EAST DERBYSHIRE COUNCIL FOR VOLUNTARY SERVICE AND ACTION LIMITED COMPANY LIMITED BY GUARANTEE**
## **MEMBERS OF THE BOARD AND PROFESSIONAL ADVISERS**
## **The board of trustees**
Stephen Wright (Chair) Barbara Arrandale Lorraine Dung Teresa Waldron Dave Radford (Resigned 17[th] November 2020) Joe Roberts Kaml Kaushik Lorna Brady (Resigned 18[th] October 2021) Cllr Paul Parkin (Resigned 18[th] October 2021) Tim Wilkinson Rita King (Appointed 19[th] October 2020) Janice Marriott (Appointed 19[th] October 2020) Scott Fox )(Appointed 5[th] January 2021) Joye Dobbs (Resigned on 15[th] October 2020)
## **Company Secretary**
James Lee
## **Chief Executive**
James Lee
**Registered office** 1 Rose Hill East Chesterfield S40 1NU
## **Independent Examiner**
Mark Newey ACMA Derby Community Accountancy Service Babington Lodge 128 Green Lane Derby DE1 1RY
**- 1 -**
**LINKS:**
# **THE CHESTERFIELD AND NORTH EAST DERBYSHIRE COUNCIL FOR VOLUNTARY SERVICE AND ACTION LIMITED**
## **COMPANY LIMITED BY GUARANTEE**
## **������������� UAL REPORT**
**YEAR ENDED 31 MARCH 2021**
The trustees, who are also Directors for the purposes of the Companies Act, have pleasure in presenting their report and the unaudited financial statements of the charity for the year ended 31 March 2021.
## **OBJECTIVES AND ACTIVITIES**
The charity is a charitable company limited by guarantee and was incorporated on 26[th] September 2001. It is governed by a memorandum and articles of association which have not been amended since incorporation. Its objects are:
a. to promote any charitable purposes for the benefits of the community in particular but not exclusively in the local government districts of Chesterfield and North East Derbyshire and the neighbourhood ������������������������������������������������� dvancement of education, the protection of health and the relief of poverty, distress and sickness;
b. to promote and organise co-operation in the achievement of the above purposes and to that end to bring together in council representatives of the voluntary organisations and statutory authorities within the area of benefit.
The charity has three main strategic priorities:
1. to improve the environment for a thriving third sector by tackling different forms of inequality;
2. to maintain the free initial service to all groups in Chesterfield and North East Derbyshire;
3. to support the engagement of Black and Minority Ethnic groups and build their capacity.
## **Summary of main activities undertaken for the public benefit in relation to these objects**
We have �������������������������������������������������������������������������������� on public benefit when reviewing our objectives and activities and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the objective and priorities they have set.
**- 2 -**
## **LINKS:**
# **THE CHESTERFIELD AND NORTH EAST DERBYSHIRE COUNCIL FOR VOLUNTARY SERVICE AND ACTION LIMITED**
## **COMPANY LIMITED BY GUARANTEE**
## **������������� UAL REPORT**
**YEAR ENDED 31 MARCH 2021**
## **ACHIEVEMENTS AND PERFORMANCE**
The Statement of Financial Activities for the year is set out on the attached financial statements. A summary of the financial results and the work of the charity are set out below.
## **Income Generation**
The charity's income during the year ended 31 March 2021 increased from £157,962 to £284,666. The increase was mainly due to the various additional funding secured to address challenges imposed by the unprecedented Covid-19 pandemic. In particular, the charity managed to successfully secured (a) £11,998.00 from Foundation Derbyshire to offer support to generic frontline voluntary organisations and community groups in tackling issues arisen from the pandemic; (b) £19,991.00 from UK Community Foundation to provide infrastructure support to BME community associations as the BME population has been disproportionately affected by the pandemic due to socially constructed inequalities and notably the types of employment many BME people are in; (c) £100,000 from the National ����������������������������������������������� set up a pilot BME Sitting Service to support isolated BME carers.
As mentioned in the previous annual report, a national lockdown was imposed by the Government in March 2020. The charity had to quickly adapt to the rapidly changing socioeconomic and political environment with the aim to find ways to better support local frontline charities, voluntary organisations and community groups in response to the unprecedented COVID-19 Public Health Crisis. The staff of the charity had to work from home in order to ������������������������������������������������������������� re held through virtual platforms such as Zoom or Microsoft Teams software application.
During the year between April 2020 and March 2021, despite the turbulence and challenging climate of Covid-19, the Core Service has been successfully maintaining its primary activity in providing free advice and support to voluntary and community groups in the Chesterfield and North East Derbyshire area by rapidly adapting innovative approaches to deal with challenges caused by the pandemic.
It offered accessible website information updates and daily e-bulletins to keep frontline voluntary organisations and community groups up-to-date with initiatives and policies of central government, local authorities, the local clinical commissioning group and health agencies, funding bodies, as well as other relevant organisations. The charity suspended all the face-to-face appointments and physical meetings or events in order to protect the staff team and the vulnerable sections of the local community. Instead, the �������������������� staff team worked from home and provided advice and support through regular email correspondence, telephone consultations, as well as virtual one-to-one and group meetings to ensure the sustainability of infrastructure advice to enable frontline groups and voluntary organisations to continue their vital support to members of the local community, especially to those who are socially isolated and clinically vulnerable. Areas of advice and information given included funding opportunities, funding bids, policy formation, strategic and activity planning in a Covid safe manner, budgeting, governance and constitutional matters, etc.
**- 3 -**
**LINKS:**
# **THE CHESTERFIELD AND NORTH EAST DERBYSHIRE COUNCIL FOR VOLUNTARY SERVICE AND ACTION LIMITED**
## **COMPANY LIMITED BY GUARANTEE**
## **������������� UAL REPORT**
## **YEAR ENDED 31 MARCH 2021**
In addition to the regular news and policy e-bulletins, the staff team compiled and distributed a regular funding e-bulletin up to 5 times a week reaching over 700 voluntary organisations and community groups and individuals operating or working in Chesterfield, North East Derbyshire and the wider Derbyshire areas.
Links Core Service is led by the Chief Executive who is responsible for strategic partnership work both between different voluntary organisations and with statutory agencies by engaging in a number of strategic partnerships in Derbyshire. We feed in information to and from the voluntary sector to aid in strategic and service development.
Links Core Service via the Chief Executive is also responsible for the overall management of the charity and its projects. It takes a contribution of overheads including management from projects and services run by Links. This helps sustain the free service to groups and the partnership work.
The Core Service was funded by grants from three local authorities: Chesterfield Borough Council, Derbyshire County Council and North East Derbyshire District Council amounting to £51,647 during the financial year 20 �� -202 � . The Core Service has reduced income from fees and contributions as mentioned in previous years, as well as a reduction in grant from North East Derbyshire District Council. However, the charity managed to secure additional project funding sources during the year to carry out activities and services compatible to its aims ���������������������������������� were as follows: two and half days (18.5 hours) of the Chief Executive; three part time days (18.5 hours) of the Groups and Project Manager; three part time days (16.5 hours) of the ICT Worker; five days (30 hours) of the Administrative and Information Worker. Other hours of the Chief Executive's two and half days a week, and the overtime payments of the ICT Worker and the Advice and Project Manager were funded by various projects that we ����������������������������������������������������������������������� projects to engage Black and Minority Ethnic Groups and other service fees. Links has developed expertise in supporting Black & Minority Ethnic (BME) groups. The charity has a service level agreement with Derbyshire County Council to support the Derbyshire-wide BME Forum, as well as other one-off contracts with Derbyshire County Council and partner agencies to engage and work closely with BME communities.
During 2020/2021, the charity has continued to consolidate its existing generic services whilst using innovative (ICT including social media) channels of access to information for voluntary and community groups such as the weekly email bulletins, policy templates and readily avail ������������������������������������������������������������ organising funding workshops.
## **Investment policy and returns**
The charity has only small funds to invest because much funding comes in arrears and there are no substantial reserves. A policy of spreading risk has been adopted for many years and long term deposits are placed with another (Co-op) bank deposit account in addition to the
**- 4 -**
## **LINKS:**
## **THE CHESTERFIELD AND NORTH EAST DERBYSHIRE COUNCIL FOR VOLUNTARY SERVICE AND ACTION LIMITED**
## **COMPANY LIMITED BY GUARANTEE**
## **������������� UAL REPORT**
## **YEAR ENDED 31 MARCH 2021**
main current account with Unity Trust Bank. Unfortunately, due to the economic decline and bank changes, the charity no longer earns any interest from its current account and deposit account. The charity generated zero interest from the bank during the financial year.
## **Fund-raising**
Fund-raising and business development are carried out by the Chief Executive through securing grants, service contracts or negotiating consultancy work with various agencies. The trustees regularly review the fund-raising strategy and approve the general direction of funding bids or project proposals in line with the Strategic Plan. The proportion of resources spent on fund-raising was £5,000 which was the same amount spent in the previous year. The majority of the work was around raising fees from service contracts.
The majority of successful fund-raising came via the Strategic Projects as a direct result of the excellent track record of the Black & Minority Ethnic support projects led by the Chief Executive.
## **Resources expended and services**
The income on unrestricted (core) work was in excess of expenditure by £12,960. The transfer was designated for the redundancy reserve. The overall expenditure figure was £174,578.
## **Volunteers**
The charity recognises it is difficult to involve volunteers in the ����������������������������� advice giving which often include interpretation of legal and regulatory requirements. During the year the organisation had no volunteers other than trustees.
## **ACHIEVEMENTS AND PERFORMANCE**
## **Employee involvement and employment of the disabled**
Employees have been consulted on issues of concern to them by means of regular staff and team meetings and by individual consultation.
The charity has implemented a number of detailed policies in relation to all aspects of personnel matters including:
- Equal Opportunities policy
- Environmental policy
- Safeguarding policy
- Vulnerable Adults policy
**- 5 -**
## **LINKS:**
## **THE CHESTERFIELD AND NORTH EAST DERBYSHIRE COUNCIL FOR VOLUNTARY SERVICE AND ACTION LIMITED**
## **COMPANY LIMITED BY GUARANTEE**
## **������������� UAL REPORT**
## **YEAR ENDED 31 MARCH 2021**
- Health & Safety policy
- Job-Sharing policy
- Recruitment guidelines
- Scheme of Delegated Powers
In accordance with the charity's equal opportunities policy, the charity has long established fair employment practices in the recruitment, selection, retention and training of staff. In particular, flexible working arrangements are offered to be family friendly. The policies are reviewed in rotation by the Board at relevant intervals, usually on a three-year cycle.
## **FINANCIAL REVIEW**
## **Reserves**
The reserves have been reviewed to ensure they continue to cover redundancies of core and project staff. The designated reserve has been increased in line with the statutory minimum. Reserves are also kept covering rent and service charge liabilities. A small sum is kept for fixed asset replacement. The major reserves are for restricted Strategic Work and for the unrestricted Core Service. Both these stand at well over a year's running costs and any excess will be used to buy in short term freelance work or overtime where there are pressures on service.
## **Changes in fixed assets**
The charity does not have any fixed assets. The trustees are of the view that most computers only have a life of a year before they may need replacing or upgrading. The value of furniture and other office equipment owned by the charity has been written off many years ago.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
Links is based at 1 Rose Hill East, Chesterfield which is the company's registered office and the principal address of the charity. Links is a company limited by guarantee and not having a share capital (company registration No. 04294079) and Registered Charity (No. 1089963).
## **Trustee selection methods**
Trustees serve for a three year period and may be re-elected for a further three year period. The trustees meet five to six times a year for a two-hour meeting. The total number of places on the board is 21 of which 12 places were filled during the year.
**- 6 -**
## **LINKS:**
## **THE CHESTERFIELD AND NORTH EAST DERBYSHIRE COUNCIL FOR VOLUNTARY SERVICE AND ACTION LIMITED**
## **COMPANY LIMITED BY GUARANTEE**
## **������������� UAL REPORT**
## **YEAR ENDED 31 MARCH 2021**
The trustee board discusses each year which trustees are due to retire, who is not standing for re-election, and what gaps in skills, knowledge, and experience this would leave. The board seeks to be representative of the users of the charity in terms of gender, ethnicity, age, size of group, urban/rural, employing/not employing and any other relevant equality groups. It also encourages nominations from local authorities on the same basis as voluntary and community organisations. Board members are supported by the staff to recruit people to the board to fill the identified gaps. A general invitation for nominations is also sent out to all member organisations and individual members together with a description of the role of a trustee of the charity.
The Officers, particularly the Chair and Treasurer, maintain a watching brief in between board meetings and visit the premises to discuss strategy and staffing issues, and inspect the books. There are no standing sub-committees.
## **Risk management policy**
The trustees have, with advice from the appointed accountant, introduced an annual review of risks when designating unrestricted reserves and carry out regular management reviews to assess business risks to the core service and to specific projects. This involves identifying the types of risks the charity faces, prioritising them in terms of potential impact and likelihood of occurrence, and identifying means of mitigating the risks.
## **Auditors**
In line with Charity Commission guidance, the trustees have moved to independent examination rather than a full audit and an appropriate resolution was passed at the Annual General Meeting on 4th September 2012.
## **Small company provisions**
This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.
Registered office: Signed on behalf of the trustees 1 Rose Hill East Chesterfield S40 1NU Stephen Wright Lorraine Dung Chair of Links Board Treasurer of Links Board
Approved by the trustees on 30 November 2021
**- 7 -**
LINKS:
THE CHESTERFIELD AND NORTH EAST DERBYSHIRE COUNCIL
FOR VOLUNTARY SERVICE AND ACTION LIMITED
COMPANY LIMITED BY GUARANTEE
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES
YEAR ENDED 31 MARCH 2021
Independent Examiner's Report to the Trustees
I report on the accounts of the company for the year ended 31 March 2021 which are set out
on pages 9 to 18.
Respective responsibilities of trustees and examiner
The trustees {who are also the directors of the company for the purposes of company lawl
are responsible for the preparation of the accounts. The trustees consider that an audil is
not required for this year under section 144{2) of the Charities Act 2011 (the 2011 Act) and
that an independent examinalion is needed.
Having satisfied myself that the Charity is not subject to an audit under company law and is
eligible for independent examination, il is my resF)onsibilty to..
examine the a¢wunts under section 145 of the 2011 Act.,
follow the procedures laid down in the general Directions given by the Charity
Commission (under section 145{5)(b) of the 2011 Act, as amended)- and to
state whether particular matters have come to my attention.
Basis of independent examinerfs statement
My examination was Caled out in accordan wtth general Directions given by the Charity
Commission. An examination includes a review of the acwunting records kept by the Charity
and a comparison of the accounts presented with those records.
It also includes
consideration of any unusual items or disclosures in the aGmunts, and seeking explanations
from you as trustees Conrning any such matters. The Procedures undertaken do not
provide all the evidence that would be required in an audit, and wnsequently no opinion is
given as to whether the accounts present a Irue and fair vi¢ and the report is limited to
those matters set out in the statement below.
Independent examineffs statement
In connection with my examination, no matter has come to my attention:
Which gives me reasonable cause to believe that, in any material respect, the
requirements
to keep accounting records in accordance with section 386 of the Companies Acl 2006;
and
to prepare aOunt$ vthich accord wtth the accounting records, comply with the
accounting requirements of section 396 of the Companies Act 2006 and with the
method5 and principles of the Statement of Recommended Pra¢ti¢e'. Accounting and
Reporting by Charities have not been met- or
to which, in my opinion, attention should be drawn in order to enable a proper
understanding of the accounts to be reached.
Name". Mark Newey ACMA
301,,1
20
Address.. Derby Community Accourrtancy Service, Babington Lodge, Green Lane, Derby
## **LINKS: THE CHESTERFIELD AND NORTH EAST DERBYSHIRE COUNCIL FOR VOLUNTARY SERVICE AND ACTION LIMITED**
## **COMPANY LIMITED BY GUARANTEE**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **YEAR ENDED 31 MARCH 2021**
|||||**Total Funds**|Total Funds|
|---|---|---|---|---|---|
|||**Unrestricted**|**Restricted**|**Year to 31**|Year to 31|
|||**Funds**|**Funds**|**Mar 2021**|Mar 2020|
||**Note**|
**£**|**£**|£|£|
|**Income from:**||||||
|Donations||**-**|**-**|**-**|**-**|
|Income from charitable||||||
|activities|**3**|**61,647**|**222,442**|**284,089**|**153,601**|
|Other income|**5**|**577**|**-**|**577**|**4,361**|
|Investment income|**4**|**-**
|**-**
|**-**
|**-**
|
|**Total incoming**||||||
|**resources**||**62,224**
|**222,442**
|**284,666**
|**157,962**
|
|**Expenditure on:**||||||
|Raising funds||**-**|**-**|**-**|**-**|
|Charitable objects|**6**|**49,264**
|**125,314**
|**174,578**
|**173,814**
|
|**Total resources**||||||
|**expended**||**49,264**
|**125,314**
|**174,578**
|**173,814**
|
|**Net (outgoing)/incoming**||||||
|**resources before**||||||
|**transfers**||**12,960**|**97,128**|**110,088**|**(15,852)**|
|Transfer between funds||**-**
|**-**
|**-**
|**-**
|
|**Net movement in funds**||**12,960**|**97,128**|**110,088**|**(15,852)**|
|Funds brought forward||**57,813**
|**93,007**
|**150,820**
|**166,672**
|
|**Funds carried forward**||**70,773**
|**190,135**
|**260,908**
|**150,820**
|
The charity has no recognised gains or losses other than the results for the year as set out above.
All of the activities of the charity are classed as continuing.
**The notes on pages 11 to 18 form part of these financial statements.**
**- 9 -**
## **LINKS:**
## **THE CHESTERFIELD AND NORTH EAST DERBYSHIRE COUNCIL FOR VOLUNTARY SERVICE AND ACTION LIMITED COMPANY LIMITED BY GUARANTEE**
## **BALANCE SHEET**
## **31 MARCH 2021**
|**Note**
**Current assets**
Debtors
**10**
Cash at bank and in hand**11**
**Creditors: amounts falling due**
**within one year**
**12**
**Net current assets**
**Total assets less current liabilities**
**Net assets**
**Funds**
Restricted
**13**
Unrestricted�general reserves
**13**
Unrestricted�designated reserves**13**
**TOTAL FUNDS**|**2021**
**£**
**893**
**263,528**
**264,421**
**3,513**
|**2021**
**£**
**893**
**263,528**
**264,421**
**3,513**
|
**£**
**260,908**
**260,908**
**260,908**
**190,135**
**-**
**70,773**
**260,908**
|**2020**
**£**
-
153,405
153,405
2,585
|**2020**
**£**
-
153,405
153,405
2,585
|
**£**
150,820
150,820
150,820
93,007
-
57,813
150,820
|
|---|---|---|---|---|---|---|
||||||||
For the year ended 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- (i) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
- (ii) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.
These financial statements were approved and authorised for issue by the members of the trustees on the 30 November 2021 and are signed on their behalf by:
L Dung Treasurer of Links Board
Company Registration Number: 04294079
**The notes on pages 11 to 18 form part of these financial statements.**
**- 10 -**
**LINKS:**
## **THE CHESTERFIELD AND NORTH EAST DERBYSHIRE COUNCIL FOR VOLUNTARY SERVICE AND ACTION LIMITED COMPANY LIMITED BY GUARANTEE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2021**
## **1. Accounting policies**
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
## **Company information**
Links is a company limited by gua ������������������������������������������������� registered office is, 1 Rose Hill East, Chesterfield, S40 1NU. At the end of the year there were 12 Trustees, each of whom, under the terms of the Memorandum and Articles of Association, had undertaken to contribute the sum not exceeding £1 in the event of a winding up of the company.
## **1.1 Accounting convention**
These accounts have been prepared in accordan �������������������������������� Reporting Standard applica ���������������������������������������������������� ����������������������������������������������������������� commended Practice for charities applying FRS 102, the Companies Act 2006 and UK Generally Accepted Accounting Practice as it apples from 1 January 2015. The charity is a Public Benefit Entity as defined by FRS 102.
The accounts are prepared in Sterling which is the functional currency of the company. Monetary amounts in these financial statements to the nearest £.
The accounts have been prepared on historical cost convention apart from freehold property that is carried at market value. The principal accounting policies adopted are set out below.
The accounts for the year ended 31 March 2020 prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 1 April 2015.
## **1.2 Going concern**
At the time of approving the accounts, the Directors have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the accounts.
## **1.3 Charitable Funds**
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity.
Designated funds are unrestricted funds earmarked by the Trustees for particular purposes.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
**- 11 -**
## **LINKS:**
## **THE CHESTERFIELD AND NORTH EAST DERBYSHIRE COUNCIL FOR VOLUNTARY SERVICE AND ACTION LIMITED COMPANY LIMITED BY GUARANTEE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2021**
## **1.4 Incoming resources**
All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Gifts in kind have been included at market value of gifts received and in assets acquired. No amounts are included in the financial statements for services donated by volunteers.
## **1.5 Resources expended**
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs relating to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources. Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in the support of the charitable activities.
## **1.6 Debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discounts offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **1.7 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.8 Creditors and provisions**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **1.9 Financial instruments**
The charity has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. _**Derecognition of financial liabilities**_
Financial ��������������������������������������������������������������� igations expire or are discharged or cancelled.
## **1.10 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the ���������������������������������
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to
**- 12 -**
## **LINKS:**
# **THE CHESTERFIELD AND NORTH EAST DERBYSHIRE COUNCIL FOR VOLUNTARY SERVICE AND ACTION LIMITED COMPANY LIMITED BY GUARANTEE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2021**
provide termination benefits.
## **1.11 Taxation**
The charity is exempt from tax on income and gains falling with section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
## **1.12 Depreciation**
Individual fixed assets are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as follows:- **Asset category Annual rate**
Equipment 20%
## **2 Critical accounting estimates and judgements**
In the application of the charit ����������������������������������������������� ired to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimated and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
## **3 Incoming resources from the charitable activities**
|||||**Total Funds**|Total Funds|
|---|---|---|---|---|---|
||**Unrestricted**||**Restricted**|
**Year to 31**|Year to 31|
||**Funds**||**Funds**|
**Mar 2021**|Mar 2020|
||**£**||**£**|**£**|£|
|Chesterfield Borough Council|**26,002**||**-**|
**26,002**|26,002|
|Derbyshire County Council|**30,755**||**28,625**|
**59,380**|74,832|
|N.E. Derbys District Council|**4,890**||**-**|
**4,890**|9,779|
|NHS Derby and Derbyshire||**-**|**25,248**|
**25,248**|25,248|
|DHA||**-**|**14,625**|
**14,625**|5,250|
|Derbyshire Carers||**-**|**10,000**|
**10,000**|10,000|
|Multi Faith Centre||**-**|**-**|
**-**|2,490|
|Derbyshire Police and Crime||||||
|Commission||**-**|**7,000**|
**7,000**|-|
|Amber Valley CVS||**-**|**4,955**|
**4,955**|-|
|Foundation Derbyshire|||**11,998**|
**11,998**|-|
|UK Community Foundation||**-**|**19,991**|
**19,991**|-|
|National Lottery Community||||||
|Fund||**-**|**100,000**|
**100,000**|-|
||||||_______|
||**61,647**
||**222,442**
|
**284,089**
|
153,601
|
Chesterfield Borough Council's unrestricted funding consists of an annual core grant of £16,002 and a one-off COVID Business Grant £10,000.
**- 13 -**
## **LINKS:**
## **THE CHESTERFIELD AND NORTH EAST DERBYSHIRE COUNCIL FOR VOLUNTARY SERVICE AND ACTION LIMITED COMPANY LIMITED BY GUARANTEE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2021**
## **4. Interest receivable**
**Year to 31** Year to 31 **Mar 2021** Mar 2020 **£** £ Bank interest receivable (unrestricted) **-** -
## **5. Sundry income (Fees for services)**
|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**£**
**£**
Service charge - general
**-**
**-**
Future In Mind (NDVA)
**-**
**-**
Derbyshire Carers
**-**
**-**
Other
**577**
**-**
**577**
**-**
**Total resources expended**
Project work
Training
Fees
Stationery
Hospitality
Telephone
Salaries
Equipment and maintenance
Rent and premises costs
Insurance
Sundry|**Total**
**Funds**
**Year to**
**31 Mar**
**2021**
**£**
**-**
**-**
**-**
**577**
**577**
**Charitable**
**activities**
**Mar 2021**
**£**
**26,322**
**1,200**
**6,332**
**23**
**-**
**277**
**132,566**
**-**
**6,576**
**1,282**
**-**
**174,578**
|Total Funds
Year to 31
Mar 2020
£
1,361
2,500
500
-
4,361
Charitable
activities
Year to 31
Mar 2020
£
37,938
-
2,754
789
186
1,492
119,415
1,135
8,748
1,270
87
173,814
|
|---|---|---|
## **6. Total resources expended**
**- 14 -**
## **LINKS:**
## **THE CHESTERFIELD AND NORTH EAST DERBYSHIRE COUNCIL FOR VOLUNTARY SERVICE AND ACTION LIMITED COMPANY LIMITED BY GUARANTEE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2021**
Expenditure on charitable activities was £174,578 (2020: £173,814) of which £125,314 was restricted (2019 £115,482)
## **7. Net (expenditure)/income**
Net (expenditure)/income for the year is stated after charging/(crediting):
||**2021**|**2020**|
|---|---|---|
||**£**|**£**|
|�������������������������|**1,200**|1,175|
|Depreciation|**-**|-|
||===========================|**================================**|
## **8. Directors and key management personnel**
During the year Trustees did not receive remuneration.
The key management personnel of the charity consist of the Trustees, professional advisors and the Chief Executive Officer.
## **9. Employees**
No employee earned more than £60,000 per annum. No Trustees were reimbursed for expenditure.
The average number of staff employed by the charity during the financial year amounted to 4.
||**Year to**|Year to|
|---|---|---|
||**31 Mar**|31 Mar|
||**2021**|2020|
||**No**|No|
|Direct Charitable Staff|**4**|3|
|Governance|**1**
|1
|
||**5**
|4
|
|**The aggregate payroll costs were:**|||
||**Year to 31**|Year to 31|
||**Mar 2021**|Mar 2020|
||**£**|£|
|Wages and salaries|**124,930**|112,470|
|Social security costs|**7,404**|6,945|
|Pension costs|**232**
|-
|
||**132,566**
|119,415
|
**- 15 -**
## **LINKS:**
## **THE CHESTERFIELD AND NORTH EAST DERBYSHIRE COUNCIL FOR VOLUNTARY SERVICE AND ACTION LIMITED COMPANY LIMITED BY GUARANTEE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2021**
No employee earned more than £60,000 per annum. No trustees were reimbursed for expenditure.
## **10. Debtors**
|**2021**
**£**
Sundry
**893**
**893**
**Bank accounts and cash in hand**
**2021**
**£**
Current Account
**178,549**
Co-Op deposit account
**84,979**
**263,528**
**Creditors:** **Amounts falling due within one year**
**2021**
**£**
Trade creditors
**3,513**
--------------------------------
**3,513**
================================|2020
£
-
-
2020
£
68,426
84,979
153,405
2020
£
2,585
--------------------------------
2,585
================================|
|---|---|
## **11. Bank accounts and cash in hand**
## **12. Creditors: Amounts falling due within one year**
## **13. Statement of funds**
**- 16 -**
## **LINKS: THE CHESTERFIELD AND NORTH EAST DERBYSHIRE COUNCIL FOR VOLUNTARY SERVICE AND ACTION LIMITED COMPANY LIMITED BY GUARANTEE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2021**
|
**General reserve**
**Designated reserves**
Rent
Redundancies Fund
Fixed asset replacement
Core Service Deficit
**Total unrestricted funds**
Strategic Development (inc
BME Projects)
Derbyshire
Bilingual Buddies
Police and Crime
Commission
Foundation Derbyshire
UK Community Funds Covid
Grant
National Lottery Community
Fund
**Total restricted funds**
**Total funds**|**At**
**1 April**
**2020 Incoming Outgoing**
**Transfers**
**£**
**£**
**£**
**£**
**-**
**62,224**
**(49,264)**
**(12,960)**
**8,000**
**-**
**-**
**-**
**24,702**
**-**
**-**
**12,883**
**2,000**
**-**
**-**
**-**
**23,111**
**-**
**-**
**77**
**57,813**
**62,224**
**(49,264)**
**-**
**93,007**
**63,873**
**(64,512)**
**-**
**-**
**14.625**
**(14,625)**
**-**
**-**
**11,955**
**(11,955)**
**-**
**-**
**11,998**
**(11,998)**
**-**
**-**
**19,991**
**(12,001)**
**-**
**-**
**100,000**
**(10,223)**
**-**
**93,007**
**222,442**
**(125,314)**
**-**
**150,820**
**284,666**
**(174,578)**
**-**
|**At**
**31March**
**2021**
**£**
**-**
**8,000**
**37,585**
**2,000**
**23,188**
**70,773**
**92,368**
**-**
**-**
**-**
**7,990**
**89,777**
**190,135**
**260,908**
|
|---|---|---|
The purpose of each fund is as follows:
## **Strategic Development (including BME Projects)**
Projects to further the strategic equality and diversity aims of Links including the work with Black and Minority Ethnic (BME) communities.
**- 17 -**
## **LINKS:**
## **THE CHESTERFIELD AND NORTH EAST DERBYSHIRE COUNCIL FOR VOLUNTARY SERVICE AND ACTION LIMITED COMPANY LIMITED BY GUARANTEE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2021**
## **14. Analysis of net assets**
|**Tangible**
**fixed**
**assets**
**Other**
**net assets**
**Unrestricted funds**
**£**
**£**
General reserve
Designated reserve
**-**
**70,773**
**Restricted funds**
Strategic Development (inc BME
Projects)
**-**
**92,368**
UK Community Foundations
**-**
**7,990**
National Lottery Community Fund
**-**
**89,777**
**Total restricted funds**
**-**
**190,135**
**Total funds**
**-**
**260,908**
|**Total**
**£**
**70,773**
**92,368**
**7,990**
**89,777**
**190,135**
**260,908**
|
|---|---|
## **15. Related party transactions**
The charity had no related party transactions that required disclosure.
**- 18 -**