**REGISTERED COMPANY NUMBER: 05105604 REGISTERED CHARITY NUMBER: 1105259** ## **REPORT OF THE TRUSTEES AND** **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2021** ## **FOR** ## **VOLUNTARY SECTOR CENTRES** Higson APS Limited 45 Queen Street Deal Kent CT14 6EY **VOLUNTARY SECTOR CENTRES** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2021** |||**Page**|| |---|---|---|---| |**Report of the Trustees**|1|to|4| |**Statement of Financial Activities**||5|| |**Balance Sheet**|6|to|7| |**Cash Flow Statement**||8|| |**Notes to the Cash Flow Statement**||9|| |**Notes to the Financial Statements**|10|to|17| |**Detailed Statement of Financial Activities**|18|to|19| ## **VOLUNTARY SECTOR CENTRES** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2021** The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 April 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Grantmaking** The Charity does not make any formal grants. The company is registered as a charitable company, limited by guarantee and was set up by Memorandum of Association on 19 April 2004 and commenced activities on that day. The principle object of the company is to :- 1) To improve the effectiveness, efficiency and economy of the administration of charities and in particular but without prejudicing the generality of the foregoing to provide office space with integrated services to such charities. 2) To support such charity or charities or such charitable purposes as the trustees in their absolute discretion think fit. Page 1 **VOLUNTARY SECTOR CENTRES** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2021** ## **STRATEGIC REPORT Achievement and performance Review of activities** VSC has been running Charity Centres since 2004 as their primary vehicle for delivering the principle objective of the Charity set out above. Readers of this report can do so in conjunction with the VSCUK web site at www.vscuk.org On the company web site readers of this report will see VSC is operating two charity centres. A Media Charity Centre at 226 Church Road, Willesden, London NW10 9NR and a Social Enterprise Hub Charity Centre at Whitfield, Dover. ( There is also a Previous Properties section on the web site where VSC used to operate charity centres prior to the freehold owners redeveloping their buildings ). **The Media Charity Centre** is leased and operated on behalf of the freehold owner, and not for profit corporation, known as Trinity Broadcasting Network based in the USA. The centre is a 32,000 sq ft programme production studios, broadcasting centre, and church complex incorporating sub leases to two charities, and also providing opportunity for a number of charities to hire the studios for days at a time to make programmes in the building. VSC works closely with each tenant and each short hire charity to improve their effectiveness, efficiency and economy, while providing them with the resources of the Media Charity Centre building. **The Social Enterprise Hub Charity Centre** , known as Life Campus, is part leased from freehold owner, Dover Port Authority and part leased from freehold owner Mansion Garden Estates. The combined area extends to nearly six acres in total. In addition VSC owns 12.5% of the Mansion Garden Estates. Full planning permission has been granted by Dover District Council for the development of this Freehold Site. The VSC Trustees have a long term vision to acquire the freehold interests of Dover Port Authority and Mansion Garden Estates. Both Freeholders are open to that event happening. The Trustees see Life Campus as an innovative and creative charity centre of the future and expect it to drive long term income streams and asset growth for VSC. The Life Campus Concept is replicable across the UK. **The Life Campus Project consists of Five Life Spheres** that interconnect with and support each other, providing an integrated approach to both developing individuals and enhancing the communities in which they live. **Urban Develop - Creating jobs through Innovation** . Urban Develop invents innovative environmentally friendly building products that dramatically reduce the cost of construction , so that individuals can afford their own homes and communities can afford buildings that meet their social needs. An onsite factory will provide employment to the local community as well as apprenticeship opportunities for younger people. This factory building is expected to be built by March 2023. **Life Campus Academy - Delivering Life Changing Training** . Life Campus Academy seeks to Envision, Empower and Equip people to have the maximum impact in the world around them. Closely integrated with the different spheres, the courses available will enable each of them to accomplish their mission, as well as providing opportunities to engage with and support the local community. This Academy building is expected to be built by the end of March 2025. **Enterprise Hub - Bringing Vision and Purpose to Life** . The Enterprise Hub will provide an environment in which a new generation of entrepreneurs are empowered to design, develop and launch new ideas that impact the world around them. The Enterprise Hub building is expected to be completed by March 2026. **Kingdom Pre-School - Empowering Children to Flourish** . An individual's journey of discovery starts at a very young age and in these precious and crucial years, they need nurturing and developing with love and understanding. Kingdom Pre-School provides a friendly, loving and safe environment in which children can learn, grow and develop. Operating onsite since January 2016, Kingdom Pre-School delivers quality pre-school provision for the local community and those wanting to access work and training opportunities on the LIFE Campus. Page 2 ## **VOLUNTARY SECTOR CENTRES** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2021** **The Fire Church - Coming Into Fullness of Life** . We want people to experience life in all its fullness, and spirituality is a key part of who we are. A Time Magazine report recently identified spirituality as a key factor in bringing a greater sense of happiness, purpose and meaning in life. The Fire Church is expected to operate within the Academy Building starting from the end of March 2025. The Fire Church will provide a warm, encouraging community where people can discover more about who they are and their purpose in life, and come into fullness of who they were designed to be. VSC UK are committed to support those who have viable business or social enterprise ideas to bring them to fruition - through integrated training, mentoring, networking, financing and the provision of low cost office space. VSC UK are actively looking for new buildings and facilities to own, lease and manage in line with the current strategy of working in partnership with Long Term Landlords to house particular charities that provide opportunity to VSC working alongside them to improve effectiveness, efficiency and economy of the administration of those charities. ## **Financial review Reserves policy** Voluntary Sector Centres will use funds as they become available to further the charity's objectives. Balances of unrestricted funds held in reserve will not exceed the equivalent of one quarters income. This will allow the charity to continue to fund ongoing activities should there be a significant drop in rental income. This will be reviewed on an annual basis to ensure the level of reserves remains appropriate. ## **Trustee's liability** The Trustee's of the company guarantee to contribute an amount not exceeding £10 to the assets of the charity in the event of winding up. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Method of appointment or election of Trustees** The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association. ## **Risk Management** The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems are in place to mitigate our exposure to the major risks. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number** 05105604 (Not specified/Other) ## **Registered Charity number** 1105259 ## **Registered office** 226 Church Road Willesden London NW10 9NR Page 3 **VOLUNTARY SECTOR CENTRES** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2021** ## **Trustees** N Marsh S D Mallison-Jones K Tripp ## **Company Secretary** N Marsh ## **Bankers** HSBC Medway Street Chatham Kent ME4 4DN Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 9 November 2021 and signed on the board's behalf by: N Marsh - Trustee Page 4 ## **VOLUNTARY SECTOR CENTRES** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2021** |Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**Charitable activities**
4
Charity Centre - Life Campus
Charity Centre - Media
Investment income
3
**Total**
**EXPENDITURE ON**
**Charitable activities**
5
Charity Centre - Life Campus
Charity Centre - Media
**Total**
**NET INCOME**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|2021
Unrestricted
fund
£
30,827
43,956
2,178,824
101
2,253,708
154,497
1,724,478
1,878,975
374,733
1,775,652
2,150,385|2020
Total
funds
£
-
50,571
2,155,224
27
2,205,822
88,578
1,767,169
1,855,747
350,075
1,425,577
1,775,652| |---|---|---| The notes form part of these financial statements Page 5 ## **VOLUNTARY SECTOR CENTRES** ## **BALANCE SHEET 30 APRIL 2021** |Notes
**FIXED ASSETS**
Tangible assets
11
Investments
12
**CURRENT ASSETS**
Debtors
13
Cash at bank
**CREDITORS**
Amounts falling due within one year
14
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**CREDITORS**
Amounts falling due after more than one year
15
**NET ASSETS**
**FUNDS**
17
Unrestricted funds
**TOTAL FUNDS**|2021
Unrestricted
fund
£
113,482
172,600
286,082
846,876
1,845,717
2,692,593
(237,841)
2,454,752
2,740,834
(590,449)
2,150,385
2,150,385
2,150,385|2020
Total
funds
£
116,691
172,500
289,191
834,899
878,108
1,713,007
(226,546)
1,486,461
1,775,652
-
1,775,652
1,775,652
1,775,652| |---|---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2021. The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2021 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The notes form part of these financial statements continued... Page 6 ## **VOLUNTARY SECTOR CENTRES** ## **BALANCE SHEET - continued 30 APRIL 2021** The financial statements were approved by the Board of Trustees and authorised for issue on 9 November 2021 and were signed on its behalf by: N Marsh - Trustee K Tripp - Trustee The notes form part of these financial statements Page 7 ## **VOLUNTARY SECTOR CENTRES** ## **CASH FLOW STATEMENT FOR THE YEAR ENDED 30 APRIL 2021** |Notes
**Cash flows from operating activities**
Cash generated from operations
1
Net cash provided by operating activities
**Cash flows from investing activities**
Purchase of tangible fixed assets
Purchase of fixed asset investments
Interest received
Net cash used in investing activities
**Cash flows from financing activities**
New loans in year
Net cash provided by financing activities
**Change in cash and cash equivalents in the**
**reporting period**
**Cash and cash equivalents at the beginning**
**of the reporting period**
**Cash and cash equivalents at the end of the**
**reporting period**|2021
£
379,329
379,329
(11,721)
(100)
101
(11,720)
600,000
600,000
967,609
878,108
1,845,717|2020
£
254,198
254,198
(20,000)
-
27
(19,973)
-
-
234,225
643,883
878,108| |---|---|---| The notes form part of these financial statements Page 8 ## **VOLUNTARY SECTOR CENTRES** ## **NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 30 APRIL 2021** ## **1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES** |**Net income for the reporting period (as per the Statement of Financial**
**Activities)**
**Adjustments for:**
Depreciation charges
Interest received
Increase in debtors
Increase/(decrease) in creditors
**Net cash provided by operations**
2.
**ANALYSIS OF CHANGES IN NET FUNDS**|2021
£
374,733
14,931
(101)
(11,978)
1,744
379,329|2020
£
350,075
16,021
(27)
(66,445)
(45,426)
254,198| |---|---|---| |**Net cash**
Cash at bank
**Debt**
Debts falling due within 1 year
Debts falling due after 1 year
**Total**|At 1.5.20
£
878,108
878,108
-
-
-
878,108|Cash flow
£
967,609
967,609
(9,551)
(590,449)
(600,000)
367,609|At 30.4.21
£
1,845,717
1,845,717
(9,551)
(590,449)
(600,000)
1,245,717| |---|---|---|---| The notes form part of these financial statements Page 9 **VOLUNTARY SECTOR CENTRES** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2021** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Allocation and apportionment of costs** Costs have been allocated as deemed appropriate by the Trustee's. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Improvements to property - Over the duration of the lease Plant and machinery - 25% on reducing balance Computer equipment - 33% on reducing balance ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. continued... Page 10 **VOLUNTARY SECTOR CENTRES** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2021** |**2.**
**DONATIONS AND LEGACIES**
Grants
Grants received, included in the above, are as follows:
Job Retention Scheme
**3.**
**INVESTMENT INCOME**
Deposit account interest
**4.**
**INCOME FROM CHARITABLE ACTIVITIES**
Activity
Income as landlord
Charity Centre - Life Campus
Recharges
Charity Centre - Life Campus
Income as landlord
Charity Centre - Media
Managed services income
Charity Centre - Media
Programme income
Charity Centre - Media
Commission
Charity Centre - Media
Recharges
Charity Centre - Media
**5.**
**CHARITABLE ACTIVITIES COSTS**
Charity Centre - Life Campus
Charity Centre - Media|Direct
Costs
£
138,031
1,693,424
1,831,455|2021
£
30,827
2021
£
30,827
2021
£
101
2021
£
14,583
29,373
120,500
294,915
1,544,058
1
219,350
2,222,780
Support
costs (see
note 6)
£
16,466
31,054
47,520|2020
£
-
2020
£
-
2020
£
27
2020
£
20,833
29,738
159,373
198,634
1,480,452
36
316,729
2,205,795
Totals
£
154,497
1,724,478
1,878,975| |---|---|---|---| continued... Page 11 **VOLUNTARY SECTOR CENTRES** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2021** ## **6. SUPPORT COSTS** |Governance
Management
costs
£
£
Charity Centre - Life Campus
16,466
-
Charity Centre - Media
5,317
25,737
21,783
25,737
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
2021
£
Auditors remuneration
8,990
Depreciation - owned assets
14,930|Totals
£
16,466
31,054
47,520
2020
£
5,540
16,021| |---|---| ## **7. NET INCOME/(EXPENDITURE)** ## **8. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 30 April 2021 nor for the year ended 30 April 2020. ## **Trustees' expenses** There were trustee's travel expenses of £nil (2020 - £nil) reimbursed during the year ended 30 April 2021. ## **9. STAFF COSTS** |Wages and salaries
The average monthly number of employees during the year was as follows:
Administration
Charity Centre Operation
Studio||2021
£
967,007
967,007
2021
4
7
19
30|2020
£
1,001,515
1,001,515
2020
6
7
19
32| |---|---|---|---| No employees received emoluments in excess of £60,000. continued... Page 12 ## **VOLUNTARY SECTOR CENTRES** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2021** |**10.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
**INCOME AND ENDOWMENTS FROM**
**Charitable activities**
Charity Centre - Life Campus
Charity Centre - Media
Investment income
**Total**
**EXPENDITURE ON**
**Charitable activities**
Charity Centre - Life Campus
Charity Centre - Media
**Total**
**NET INCOME**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
fund
£
50,571
2,155,224
27
2,205,822
88,578
1,767,169
1,855,747
350,075
1,425,577
1,775,652| |---|---| continued... Page 13 ## **VOLUNTARY SECTOR CENTRES** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2021** ## **11. TANGIBLE FIXED ASSETS** |Improvements
to
property
£
**COST**
At 1 May 2020
96,440
Additions
-
At 30 April 2021
96,440
**DEPRECIATION**
At 1 May 2020
21,944
Charge for year
5,675
At 30 April 2021
27,619
**NET BOOK VALUE**
At 30 April 2021
68,821
At 30 April 2020
74,496|Plant and
machinery
£
-
2,140
2,140
-
42
42
2,098
-|Fixtures
and
fittings
£
64,737
9,581
74,318
33,985
5,436
39,421
34,897
30,752|Computer
equipment
£
19,782
-
19,782
8,339
3,777
12,116
7,666
11,443|Totals
£
180,959
11,721
192,680
64,268
14,930
79,198
113,482
116,691| |---|---|---|---|---| ## **12. FIXED ASSET INVESTMENTS** |**MARKET VALUE**
At 1 May 2020
Additions|Unlisted
investments
£
172,500
100| |---|---| |At 30 April 2021|172,600| |**NET BOOK VALUE**
At 30 April 2021|172,600| |At 30 April 2020|172,500| There were no investment assets outside the UK. continued... Page 14 ## **VOLUNTARY SECTOR CENTRES** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2021** |**13.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Tenant & trade debtors
Other debtors
Prepayments
**14.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Bank loans and overdrafts (see note 16)
Trade creditors
Social security and other taxes
VAT
Other creditors
Deferred income
Accrued expenses
**15.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
Bank loans (see note 16)
**16.**
**LOANS**
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank loans
Amounts falling between one and two years:
Bank loans - 1-2 years
Amounts falling due between two and five years:
Bank loans - 2-5 years|2021
£
302,047
17,037
527,792
846,876
2021
£
9,551
63,420
14,543
67,678
505
51,600
30,544
237,841
2021
£
590,449
2021
£
9,551
113,401
477,048|2020
£
287,475
23,432
523,992
834,899
2020
£
-
77,929
13,100
67,927
-
48,930
18,660
226,546
2020
£
-
2020
£
-
-
-| |---|---|---| continued... Page 15 **VOLUNTARY SECTOR CENTRES** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2021** ## **17. MOVEMENT IN FUNDS** |At 1.5.20
£
**Unrestricted funds**
General fund
1,775,652
**TOTAL FUNDS**
1,775,652
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
2,253,708
**TOTAL FUNDS**
2,253,708
**Comparatives for movement in funds**
At 1.5.19
£
**Unrestricted funds**
General fund
1,425,577
**TOTAL FUNDS**
1,425,577
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
2,205,822
**TOTAL FUNDS**
2,205,822|Net
movement
in funds
£
374,733
374,733
Resources
expended
£
(1,878,975)
(1,878,975)
Net
movement
in funds
£
350,075
350,075
Resources
expended
£
(1,855,747)
(1,855,747)|At
30.4.21
£
2,150,385
2,150,385
Movement
in funds
£
374,733
374,733
At
30.4.20
£
1,775,652
1,775,652
Movement
in funds
£
350,075
350,075| |---|---|---| continued... Page 16 **VOLUNTARY SECTOR CENTRES** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2021** ## **17. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.5.19
£
1,425,577
1,425,577|Net
movement
in funds
£
724,808
724,808|At
30.4.21
£
2,150,385
2,150,385| |---|---|---|---| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
4,459,530
4,459,530|Resources
expended
£
(3,734,722)
(3,734,722)|Movement
in funds
£
724,808
724,808| |---|---|---|---| ## **18. RELATED PARTY DISCLOSURES** The Charity is landlord to Governance Ministries Charity (1051780) - a Charity that has Trustees in common - at the London Studios. Transactions are conducted at market value. Page 17 ## **VOLUNTARY SECTOR CENTRES** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2021** |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Grants
**Investment income**
Deposit account interest
**Charitable activities**
Income as landlord
Managed services income
Programme income
Commission
Recharges
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Wages
Rates
Rent & service charge -
Donations
Advertising
Repairs & renewals
IT & telephone costs
Light and heat
Production costs
Consultancy
Life Campus project costs
**Support costs**
**Management**
Administration
Legal fees
Improvements to property
Plant and machinery
Fixtures and fittings
Computer equipment|2021
£
30,827
101
135,083
294,915
1,544,058
1
248,723
2,222,780
2,253,708
967,007
40,294
94,036
-
4,116
55,077
26,914
80,627
442,666
60,000
60,718
1,831,455
3,165
3,687
5,675
42
5,437
3,777
21,783|2020
£
-
27
180,206
198,634
1,480,452
36
346,467
2,205,795
2,205,822
1,001,515
40,994
79,796
142,714
10,929
69,945
18,528
77,458
296,737
59,000
4,167
1,801,783
4,226
18,835
4,957
-
5,427
5,637
39,082| |---|---|---| This page does not form part of the statutory financial statements Page 18 ## **VOLUNTARY SECTOR CENTRES** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2021** |**Management**
**Governance costs**
Accountants remuneration
Administration
Bank charges
Total resources expended
**Net income**|2021
£
8,990
16,554
193
25,737
1,878,975
374,733|2020
£
5,540
9,126
216
14,882
1,855,747
350,075| |---|---|---| This page does not form part of the statutory financial statements Page 19