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2022-03-31-accounts

CHARITY NO: 1119404

COMPANY NO: 05980151

WANSBECK CENTRE FOR VOLUNTARY SERVICE (a company limited by guarantee)

Operating as NORTHUMBERLAND COMMUNITY VOLUNTARY ACTION

ANNUAL REPORT AND FINANCIAL STATEMENTS

2022

WANSBECK CENTRE FOR VOLUNTARY SERVICE (a company limited by guarantee) Operating as NORTHUMBERLAND COMMUNITY VOLUNTARY ACTION

TRUSTEES’ ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS for the year ended 31 March 2022

SMITHS ACCOUNTANTS & TAX ADVISERS

Chartered Accountants Alnwick Northumberland

WANSBECK CENTRE FOR VOLUNTARY SERVICE (a company limited by guarantee) Operating as NORTHUMBERLAND COMMUNITY VOLUNTARY ACTION

CONTENTS

Page
Trustees’ Annual Report 1 - 9
Independent Examiner’s Report 10
Statement of Financial Activities
(incorporating an Income and Expenditure Account) 11
Balance Sheet 12
Notes to the Accounts 13 - 25

The following pages do not form part of the statutory accounts

APPENDICES

Summary of Balance Sheet Appendix I
Summary of Income and Expenditure Account Appendix II
Summary of Reserve Account Appendix III

WANSBECK CENTRE FOR VOLUNTARY SERVICE (a company limited by guarantee)

Operating as NORTHUMBERLAND COMMUNITY VOLUNTARY ACTION TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2022

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 31 March 2022. 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 2015).

OBJECTIVES AND ACTIVITIES

Principal objectives

To promote any charitable purposes in the community in the advancement of education, the protection of health, the relief of poverty, distress and sickness, primarily for the benefit of the community in the former local government district of Wansbeck and Castle Morpeth and its neighbourhood and in the North East in general: To promote and organise co-operation in the achievement of the above policy by bringing together representatives of the voluntary organisations and the statutory authorities in the area of benefit: To administer grant income for various projects. The Charity is committed to achieving results for the public benefit and due regard is always given to the public benefit interest in deciding on work to be undertaken.

Vision

Inspiring and supporting communities Visions that guide us:

Mission statement

To encourage the development of strong and vibrant communities

We will achieve this through:

Our values and beliefs

(1)

WANSBECK CENTRE FOR VOLUNTARY SERVICE (a company limited by guarantee)

Operating as NORTHUMBERLAND COMMUNITY VOLUNTARY ACTION TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2022

OBJECTIVES AND ACTIVITIES continued

Summary of main activities

The day-to-day management of the Wansbeck Council for Voluntary Service was transferred to the company on 1 October 2007. The last year has not been without its problems, with COVID-19, lockdowns still, various restrictions. Nevertheless, the company has been able, through the use of Zoom meetings, electronic and other communications, to continue with its mission to help support and encourage voluntary groups, communities and individuals in Northumberland. It has been able, in the year, to help groups build their capacity and gain new skills to improve their organisation and their services for their beneficiaries and their local communities.

Our front-line staff still work part of the week from home, which results in a reduction in commuting time for them, which in turn contributed to a saving on carbon emissions. They have been able to support many groups and individuals during the pandemic to gain confidence in the use of technology to access statutory services and virtual opportunities, and to network with others.

With the use of Zoom, we have been able to work in partnership with a number of organisations and have been able to support various voluntary sector networks. We have still been able to offer help to groups with their funding applications.

The organisation is a partner in an employability project called Bridge Northumberland (previously known as the Bridge Project) and, despite the problems with quarantine and additional complexities for the beneficiaries in the past year, Bridge has been able to support many people into positive and sustainable outcomes.

Activities for the public benefit

The Trustees of the company understand and have discussed the implications of the provisions of the Charities Act, which state that all charities must demonstrate that they are established for public benefit and have due regard to the public benefit guidance issued by the Charity Commission. The Trustees believe that the charity meets both of the key principles:

Principle 1: There must be an identifiable public benefit, or benefits

Northumberland CVA’s activities include a core commitment to its mission to engage, stimulate and inspire the creation and development of strong, sustainable and vibrant communities in Northumberland and the surrounding areas by:

We have achieved these objectives this year through the use of Zoom meetings and other forms of electronic communications with our partners and with groups and individuals. Also, face to face meetings have restarted.

Principle 2: Benefit must be to the public, or a section of the public Engagement in the activities of Northumberland CVA is open to voluntary and community

(2)

WANSBECK CENTRE FOR VOLUNTARY SERVICE (a company limited by guarantee)

Operating as NORTHUMBERLAND COMMUNITY VOLUNTARY ACTION TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2022

OBJECTIVES AND ACTIVITIES continued

groups in Northumberland, volunteers, older people, and individuals experiencing barriers to finding work. Northumberland CVA’s beneficiaries are therefore entirely appropriate to its aims and the public as a whole in Northumberland and the surrounding areas can benefit from its work.

All of these benefits are clear, evidenced and relate directly to Northumberland CVA’s aims. In addition, the Trustees do not consider that any detriment or harm flows from Northumberland CVA’s work.

During the COVID-19 pandemic, many face-to-face meetings, activities and appointments had to be cancelled but, although there has been some reluctance in restarting the face-to-face activities, more and more are now slowly taking place and our assisted shopping project has also restarted – much to the delight of the elderly people who go on those trips.

ACHIEVEMENTS AND PERFORMANCE

Over the past two years, COVID-19 has been a major issue and concern. The Trustees are very thankful to all our staff and volunteers who have dug deep and focused on continuing to provide and operate an effective service to our members and to other groups, organisations, and individuals during that period.

The Trustees would also like to thank all the Bridge Northumberland staff, the other partners, and Northumberland County Council as the lead accountable body for the incredible work they have all done in the last year that has resulted in many beneficiaries being supported, helped and given encouragement that has contributed to improvement and changes in their lives.

The Trustees would also like to thank all those who have supported us this year with finance. We are very grateful for their help and their trust in us, for without their generous support we would not have been able to give that help to the voluntary sector in Northumberland during this difficult and challenging year.

Again, we have dealt with a diverse range of individuals and groups this year. Here are some brief comments from some of the staff involved in some of our projects:

Lisa, from our Supported Volunteering projects, says that one person supported into volunteering gained the skills to get full-time employment in administration and two Syrian refugees on the programme gained full-time employment at a furniture manufacturer. Four people on the programme were supported to volunteer at a local charity shop and all of them agree that this placement has helped tremendously with their confidence. Three of the four now volunteer independently and one has been offered employment at another charity shop.

Martin’s Community Development activities this year have included working with the Charity Foundation to support community organisations access the Windfarm Community Fund. At the recent funding round, grants of approximately £165,000 were awarded to eligible organisations and community groups.

With some faith groups, other VCS partners and the Squires Foundation, Martin has provided advice and information on developing a community development type project in West Northumberland for these partners. Linking in with others, he has supported the climate change agenda, assisting in producing a guide for organisations to help

(3)

WANSBECK CENTRE FOR VOLUNTARY SERVICE (a company limited by guarantee) Operating as NORTHUMBERLAND COMMUNITY VOLUNTARY ACTION TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2022

ACHIEVEMENTS AND PERFORMANCE continued

them reduced their carbon emissions. Various workshops have been held, a survey about volunteering in Northumberland has been undertaken, and Martin has given input to and facilitated some networks.

Marc and the team have supported 88 groups in the last year with advice and help with various matters, including support with funding applications. At the request of Northumberland County Council, we were allocated money from the North of Tyne COVID Capacity Fund of £63,000 and grants were awarded to 25 groups to help raise their digital skills. Grants received ranged from £1,000 to £9,100. They included the purchase of laptops, tablets and other equipment, website development and training for volunteers and staff. Some of the grants awarded went to: Coping with Cancer North East for six laptops; The Alnwick Garden for new iPads; Shilbottle Young People’s Project for a laptop and some tablets; Glendale Connect for some laptops and tablets to develop the skills of people they support in the community; and SILX Teen Bar in Blyth were awarded a grant to purchase tablets for the young people in their employability project in order for them to take part in training and for the completion of their accredited courses.

Work continued with four other local infrastructure organisations on the delivery of training and awareness raising of the importance of safeguarding. Over the period of the project, 101 training sessions have been delivered. One feedback report stated, “Well done on making remote learning so involved and supportive.” The project ran from January 2020 to March 2022.

In partnership with Connected Voice in Newcastle and North Tyneside VODA, an online training portal has been developed to help trustees with the governance of their charity and over 200 people have enrolled on the courses during the year.

The Bridge Workers have a diverse caseload, often with beneficiaries with complex needs, but every Bridge programme is individual to the participant and offers a starting point for helping the individual. For example, Bridge Worker, Angela has worked with one person to help them with their CV and job search, to proof-read a job application form and help with mock interviews. This person was successful and started work with a national employer in February. With another person, Angela has helped to build their confidence through one-to-one meetings and walks with a Volunteer Buddy to help them in their search for work. Another Bridge participant, who is a single parent with health problems and a daughter with complex needs, said about the programme, “Bridge started me in counselling and coaching sessions, helping me to build my selfesteem and to start to overcome my barriers. It wasn’t a one-size-fits-all approach. Bridge looked at me as an individual.”

The Trustees have also had a busy time this year with all that is involved with the recruitment of a new CEO to take over from Mrs Anne Lyall, who retired at the end of the financial year.

Our Annual Review will have more details about the achievements of the organisation over the year.

(4)

WANSBECK CENTRE FOR VOLUNTARY SERVICE (a company limited by guarantee) Operating as NORTHUMBERLAND COMMUNITY VOLUNTARY ACTION TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2022

FINANCIAL REVIEW

Surplus for the year

The Trustees are pleased to report a surplus in this financial year and continue to monitor the finance of the organisation.

----- Start of picture text -----
|||| |---|---|---| |2022|2021| |£|£| |Unrestricted funds|48,260|49,684| |Restricted funds|-|-| |__|_| |48,260|49,684| |TOTAL SURPLUS||___|

----- End of picture text -----

As a result of this, at 31 March 2022 the total reserves which were being carried forward were:

----- Start of picture text -----
|||| |---|---|---| |2022|2021| |£|£| |General Reserve|211,128|162,333| |Fixed Asset Fund|1,608|2,143| |__|_| |TOTAL RESERVES CARRIED FORWARD|212,736|164,476| ||___|

----- End of picture text -----

Reserve policy

The Trustees consider it is essential to have sufficient money in reserves to maintain an effective service to the community. Funding for an infrastructure organisation’s core funds can be very difficult to obtain and, as an organisation, we need more than the running cost of the core funds safeguarded for at least nine months; we also have to safeguard the smooth financial running of the many activities within Northumberland CVA. The Trustees are aware that present contracts are to come to an end in the next financial year and, although efforts are being made to replace contracts, the Trustees consider it prudent to have free money in reserves in order to operate in an efficient manner.

The balance of the general reserve is £212,736, of which £1,608 is a fixed asset reserve and the remainder represents the charity’s free reserves. The Trustees will continue to monitor its finances to ensure adequate liquidity is maintained in order to continue its mission to support and build stronger communities in Northumberland.

Property

The charity main offices are the premises that are still owned by the holding Trustees of Wansbeck Council for Voluntary Service, the old unincorporated association, who will be using the surplus revenue generated by the building for charitable purposes. The Trustees for Wansbeck Centre for Voluntary Service are responsible for all the running costs and for the general upkeep of the building.

Redundancy

The provision for the redundancy fund has been decreased to £22,000, which is adequate for our present needs. This reduction to the provision has happened due to the retirement of three staff during the year.

(5)

WANSBECK CENTRE FOR VOLUNTARY SERVICE (a company limited by guarantee)

Operating as NORTHUMBERLAND COMMUNITY VOLUNTARY ACTION TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2022

FINANCIAL REVIEW continued

Policy for monitoring and review

Once a strategy has been agreed, the Trustees will monitor on a regular basis that progress is being made to identify whether any changes are needed. Updates on the progress of all projects and finances are reviewed regularly at Trustees’ meetings.

Risk strategy

The Trustees consider that risk management is vital to the delivery and operation of the organisation, and they recognise that risk is an inherent part of its day-to-day activities. Risk may come from external factors such as economic or environmental or from pandemicprompted changes to regulations, or from internal factors such as long-term staff illness, human error or lack of core funding.

The Trustees regularly review the major governance, operational, and financial risks, as well as safeguarding issues on a regular basis and are satisfied that appropriate financial systems and controls, employment policies and procedures, and safeguarding procedures are in place, and that appropriate systems of reporting of any issue to the Trustees and the correct authorities are clearly defined.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document and organisational structure

The organisation is a charitable company limited by guarantee and was incorporated on 27 October 2006. The company was established and is governed by its memorandum and articles of association. The memorandum and articles of association were amended on 21st May 2018 by ordinary resolution for the creation of a new associate level of membership for non-profit making organisations.

For the purposes of the Companies Act 2006, the Board of Trustees is also the Board of Directors of the charitable company and is referred to as the Trustees throughout this report.

The company was formed to assume responsibility for the administration, delivery and management previously carried out by the unincorporated association Wansbeck Council for Voluntary Service. The principal objectives remain the same.

The company is a member of the National Association for Voluntary Action (NAVCA). The company is bound by its membership conditions which ensure that we are working to national guidelines, and we have rejoined the National Council for Voluntary Organisations (NCVO).

From 1 April 2015, the company has operated under the name of Northumberland Community Voluntary Action (Northumberland CVA) to indicate that the organisation’s services are now available to the voluntary sector in the whole of Northumberland.

Membership and governance

The company is a membership organisation and is managed by the Board of Directors who are also the charity Trustees. They are elected by members at the Annual General Meeting. There is power to co-opt, but any such appointment has to have the confirmation of the next Annual General Meeting.

Members of the company receive regular e-mail about the organisation's activities, VSC news and changes to legislation. Members receive a full report of the activities and the financial reports at an Annual General Meeting.

There are arrangements for the induction and training of committee members (see below). The Chief Executive reviews the training needs of the board and arranges appropriate training as required.

(6)

WANSBECK CENTRE FOR VOLUNTARY SERVICE (a company limited by guarantee)

Operating as NORTHUMBERLAND COMMUNITY VOLUNTARY ACTION TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT continued

The board meets on a regular basis to oversee the work of the organisation and to set strategic direction. Sub-groups are set up as and when required and are open for all Trustees to attend.

Within the annual cycle the board reviews financial and budgeting information and reviews the objectives of the charity. It also receives regular briefing from the Chief Executive Officer. It considers staffing issues, new legislation and any current issues that impact on the working conditions of staff.

Induction and training of new Trustees

Most Trustees are already familiar with the practical work of the charity. Additionally, new Trustees are invited and encouraged to attend a series of short meetings with some of the existing Trustees to familiarise themselves with the charity and the context within which it operates.

Employment policies

Northumberland CVA constantly updates its employment policies to ensure that our health and safety policies and procedures meet the various legal requirements and our obligations as an employer. We have a range of relevant policies including equal opportunities, training and development, management and supervision, anti-harassment, various health and safety issues dealing with grievances and discipline.

Staffing

The senior member of staff responsible for the day-to-day management of the company is

Mrs Anne Lyall (to 31 March 2022) - Chief Executive Officer

From 1[st] April 2022, Miss Caroline Rogan will be the new Chief Executive Officer

There is now a small Senior Management Team to support the Chief Executive Officer, but also regular meetings of staff are held. At the end of the financial year there were 19 staff employed. The staff are divided into the following groupings.

Core Fund Strategic Work - 1 employee
Administration and Management - 7 employees
Core Fund Activities, Bridge Project
and Community Development Staff - 10 employees
Other - 1 employee
Total - 19 employees

No financial provision was required for accrued holiday pay as at 31 March 2022.There are no employees with emoluments above £60,000. The average monthly staff number in the year was 21. No employee benefits were provided to any member of staff of the charity.

(7)

WANSBECK CENTRE FOR VOLUNTARY SERVICE (a company limited by guarantee) Operating as NORTHUMBERLAND COMMUNITY VOLUNTARY ACTION TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2022

REFERENCE AND ADMINISTRATIVE DETAILS

Registered charity name Wansbeck Centre for Voluntary Service Operating name Northumberland Community Voluntary Action Charity registration number 1119404 Company registration number 05980151 Principal office and registered office 107-109 Station Road Ashington Northumberland NE63 8RS

Trustees: The Trustees who served the company during the year were as follows:

Mr R James Mrs M Hindmarsh Mr J Jackson Mr P Lawrence (retired 26.09.21) Mrs S Ashmore Mrs V Tyler (retired 18.01.22) Mrs C Thompson (retired 18.01.22) Mr C Nevin Mrs M Rolf Company secretary Mrs A Lyall (Retired 31.3.22) Miss C Rogan (Appointed 01.4.22) Bankers Unity Trust Bank plc Nine Brindley Place Birmingham B1 2HR and CAF Bank Ltd Kings Hill West Malling Kent ME19 4JQ Independent Examiner Mr I Smith Smiths Accountants & Tax Advisers 8 Linnet Court Cawledge Business Park Alnwick Northumberland NE66 2GD Solicitors Appointed as required

(8)

WANSBECK CENTRE FOR VOLUNTARY SERVICE (a company limited by guarantee) Operating as NORTHUMBERLAND COMMUNITY VOLUNTARY ACTION TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2022

PLANS FOR FUTURE PERIODS

Future developments

Wansbeck CVS’ key objectives for the next two years are:

We are committed to ensuring that our services are available to all of those in the local communities in Northumberland who need them, and that no individual, group or community is disadvantaged or excluded from playing an active part in society because of race, ethnicity, gender, disability, sexuality, religion, age or geographical location. Our building is fully accessible, and we use accessible venues whenever possible. Our services are widely advertised, and we will engage with local organisations and communities in all areas of Northumberland. We will continue to support and work in partnership with others on their plans to develop projects where a need has been identified.

The Trustees have reviewed the present state of the charity and they consider that adequate resources are available to fund the activity of the charity for the foreseeable future. The Trustees consider that there are no material uncertainties about our ability to continue as a going concern, but they recognise that the COVID-19 pandemic could have repercussions on the sector and on our finances in the years to come. They will nevertheless continue their efforts to develop new streams of funding in order to maintain our services to the voluntary sector in the county of Northumberland.

We conclude our Annual Report with our best wishes to Anne Lyall, our Chief Executive Officer, who retired from the organisation at the end of our financial year. We are very appreciative of her conscientiousness and dedication to the organisation and for all the efforts and support she has given to the voluntary and community sector in Northumberland over many years. Happy retirement Anne, and also to Jackie Auld and Ann Atkinson.

We also record our thanks to the many people, organisations, staff and volunteers for their help and support, through which they have also helped and benefitted many people and groups in Northumberland.

Approved by order of the Board of Trustees on 18 July 2022 and signed on its behalf by

………………………. Mr R James (Chairman)

(9)

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF

WANSBECK CENTRE FOR VOLUNTARY SERVICE (a company limited by guarantee) Operating as NORTHUMBERLAND COMMUNITY VOLUNTARY ACTION

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2022

I report to the charity Trustees on my examination of the accounts of the company for the year ended 31 March 2022, which are set out on pages 11 to 25.

Responsibilities and basis of report

As the charity’s Trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I a member of The Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

I. R. SMITH ACA Institute of Chartered Accountants in England and Wales Smiths Accountants and Tax Advisers 8 Linnet Court Cawledge Business Park Alnwick Northumberland NE66 2GD

17 August 2022

(10)

WANSBECK CENTRE FOR VOLUNTARY SERVICE (a company limited by guarantee) Operating as NORTHUMBERLAND COMMUNITY VOLUNTARY ACTION

STATEMENT OF FINANCIAL ACTIVITIES

(Incorporating an income and expenditure account)

FOR THE YEAR ENDED 31 MARCH 2022

Restricted
Note
Unrestricted
Income
Funds
Funds
£
£
INCOME AND ENDOWMENTS FROM:
Charitable activities
Grants/commissions
-
633,395
Core fund management fees,
expenses recovered commissions and
severance pay provision reduction
135,988
-
Investment income
Bank interest
66
-
_
_
TOTAL
3
136,054
633,395
_
_
EXPENDITURE ON:
Charitable activities
86,059
631,775
Other
3,355
-
_
_
TOTAL
4
89,414
631,775
_
_
NET INCOME/(EXPENDITURE)
FOR THE YEAR
46,640
1,620
Transfers between funds
1,620
(1,620)
_
_
NET MOVEMENT IN FUNDS
48,260
-
RECONCILIATION OF FUNDS
Total funds brought forward
164,476
-
_
_
TOTAL FUNDS CARRIED FORWARD11
212,736
-

 Total Prior year
Funds
Funds
2022
2021
£
£
633,395
671,953
135,988
84,627
66
119
_
_
769,449
756,699
_
_
717,834
703,745
3,355
3,270
_
_
721,189
707,015
_
_
48,260
49,684
-
-
_
_
48,260
49,684
164,476
114,792
_
_
212,736
164,476

(11)

WANSBECK CENTRE FOR VOLUNTARY SERVICE (a company limited by guarantee) Operating as NORTHUMBERLAND COMMUNITY VOLUNTARY ACTION

BALANCE SHEET AS AT 31 MARCH 2022

Restricted Restricted Total Total
Unrestricted
Income		 This Last
Note Funds Funds Year Year
FIXED ASSETS £ £ £ £
Tangible assets 7 1,608 - 1,608 2,143
_ _ _ _
CURRENT ASSETS
Debtors 8 6,119 4,733 10,852 7,701
Cash at bank and in hand 9 246,134 91,785 337,919 358,770
_ _ _ _
252,253 96,518 348,771 366,471
CREDITORS: Amounts falling due
within one year 10 (41,125) (96,518) (137,643) (204,138)
_ _ _ _
NET CURRENT ASSETS 211,128 - 211,128 162,333
_ _ _ _
TOTAL ASSETS LESS CURRENT LIABILITIES212,736 - 212,736 164,476
_ _ _ _
FUNDS OF THE CHARITY
Restricted funds - - - -
Unrestricted funds 212,736 - 212,736 164,476
_ _ _ _
TOTAL FUNDS 11 212,736 - 212,736 164,476
_ _ _ _

For the financial year ended 31 March 2022, the company was entitled to exemption from audit under section 477(1) of the Companies Act 2006; and no notice has been deposited under section 476(1) requesting an audit.

The Trustees acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the period and of its profit or loss for the financial period in accordance with the requirements of section 394 and which otherwise comply with the Companies Act 2006, so far as applicable to the company.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

These financial statements were approved by the Board of Trustees and authorised for issue on 18 July 2022 and are signed on its behalf by:

………………………….

R James (Chairman)

The notes on pages 13 to 25 form part of the financial statements. (12)

WANSBECK CENTRE FOR VOLUNTARY SERVICE (a company limited by guarantee) Operating as NORTHUMBERLAND COMMUNITY VOLUNTARY ACTION

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

1. STATEMENT OF COMPLIANCE

Wansbeck Centre for Voluntary Service (operating as Northumberland Community Voluntary Action) is an incorporated charity (charity number 1119404) registered in England & Wales. The registered office and other statutory information are shown within the reference and administrative details of the Trustees’ Annual Report.

2. 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 2015)’, 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, as modified by the revaluation of certain assets.

The financial statements have been prepared on a going concern basis on the grounds that current and future sources of funding or support will be adequate for the charity’s needs. The Trustees have considered a period of twelve months from the balance sheet date and consider no further disclosures relating to the charity’s ability to continue as a going concern need to be made.

Wansbeck Centre For Voluntary Service meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

The financial accounts are prepared in Sterling (£).

Significant estimates and judgements

The preparation of the financial statements requires the Trustees to make judgements and estimates. The main areas where such judgements and estimates are made are in respect of recognition of income. The company has applied the following accounting policies:

Cash flow statement

A Statement of Cash Flows has been produced (see Note 14)

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the management committee in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with the specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund.

(13)

WANSBECK CENTRE FOR VOLUNTARY SERVICE (a company limited by guarantee)

Operating as NORTHUMBERLAND COMMUNITY VOLUNTARY ACTION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

Fund accounting (continued)

Projects for which external funding has been obtained, are:

These projects have their own bank accounts, and individual financial accounts have been prepared for them. The income and any resultant surplus is restricted to the specific aims and objectives of the grant application proposals. Within each project there are smaller project/ pilot projects being hosted and they also are subject to the constraints of the grant conditions.

All grant funding is regarded as restricted funding for charitable accounting purpose (as defined by the Charity Commission under SORP 2015). The individual project accounts are available upon request.

Incoming resources

All incoming resources are included in the Statement of Financial Activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: -

Grant income is treated as deferred income where delivery of all or part of a related project is attributable to a subsequent accounting period, and this can be clearly identified.

Resources expended

All expenditure is accounted for on an accruals basis as a liability is incurred. No VAT is recoverable, and the full amount of VAT is included in resources expended.

Fixed Assets

Fixtures, fittings and equipment including the improvement to leasehold premises were transferred by the old unincorporated association at book value at 1 October 2007.

Taxation

As a charity, Wansbeck Centre for Voluntary Services is exempt from tax on income and gains falling within Section 505 of the Taxes Act 1988 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to charitable objects, no tax charges have arisen on the charity.

(14)

WANSBECK CENTRE FOR VOLUNTARY SERVICE (a company limited by guarantee) Operating as NORTHUMBERLAND COMMUNITY VOLUNTARY ACTION

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

Fixed Assets continued

The present tangible fixed assets are now depreciated over their estimated useful lives using the following annual rate:

Fixtures, fittings and equipment and database update - 25% on reducing balance

3.
INCOME AND ENDOWMENTS
Unrestricted income
Core Fund management fees and expenses recovered
Bank interest received
Grant (COVID-19)
Reduction in Severance Pay
Total unrestricted income
Restricted income
Current year grant income:
Wansbeck CVS Core Fund
Re:Action Project
Funding Advice Project
Supported volunteering / Bridge Northumberland
Total restricted income
TOTAL
Staff
Support
Direct
Costs
Costs
Costs
£
£
£
4.
EXPENDITURE
(a) Analysis of total resources expended
Unrestricted funds
Charitable activities
35,829
48,909
1,321
Other
-
3,355
-
_ _ _
Total unrestricted
resources expended
35,829
52,264
1,321
_ _ _
Restricted funds
Charitable expenditure 495,038
130,937
5,800
_ _ _
Total resources
expended
530,867
183,201
7,121
_ _ _
(15)		 Total
2022
£
113,988
66
-
22,000
_
136,054
_
35,236
71,720
55,252
471,187
_
633,395
_
769,449
_
Total
2022
£
86,059
3,355
_
89,414
_
631,775
_
721,189
_		 Total
2021
£
84,627
119
20,000
-
_
104,746
_
46,369
97,851
122,193
385,540
_
651,953
__
756,699
_
Total
2021
£
53,232
3,270
_
56,502
_
650,513
_
707,015
_____

WANSBECK CENTRE FOR VOLUNTARY SERVICE (a company limited by guarantee)

Operating as NORTHUMBERLAND COMMUNITY VOLUNTARY ACTION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

Project Total Total
Support Governance
2022		 2021
4. EXPENDITURE continued £ £ £ £
(b) Analysis of support costs
Unrestricted funds
Premises costs 12,076 - 12,076 10,918
Office running costs 15,226 535 15,761 9,962
Independent examination fees - 2,820 2,820 2,520
Depreciation and capital loss 535 - 535 715
Severance pay 5,948 - 5,948 5,000
Project running cost 14,872 - 14,872 2,272
Staff expenses 252 - 252 208
_ _ _ _
Total unrestricted expenditure 48,909 3,355 52,264 31,595
_ _ _ _
Restricted funds
Premises costs 36,973 - 36,973 41,027
Office running costs 38,723 - 38,723 46,132
Employee related costs 2,516 - 2,516 1,711
Volunteer expenses 578 - 578 1,815
Beneficiary support/training
and project cost 52,147 - 52,147 97,959
_ _ _ _
Total restricted expenditure 130,937 - 130,937 188,644
_ _ _ _
2022 2021
4. EXPENDITURE £ £
(c) Analysis of governance costs
Independent Examiner’s remuneration 2,820 2,520
AGM Cost 535 750
_ ______
3,355 3,270
_ ______
5. NET MOVEMENT IN FUNDS FOR THE YEAR
This is stated after charging:
Depreciation – owned assets 535 715
Independent Examiner’s remuneration 2,820 2,520
_ _
3,355 3,235
_ _
6. EMPLOYEES
During the financial year the charity had a maximum of 25 employees (2021 :23).
Remuneration was made up as follows (all below £60,000): -
2022 2021
£ £
Salaries 478,059 425,905
Employer national insurance 37,881 37,348
Employer pension contribution 14,927 13,134
_ _
530,867 476,387
_ _

Grants of £909.79 from the Coronavirus Job Retention Scheme were received. (16)

WANSBECK CENTRE FOR VOLUNTARY SERVICE (a company limited by guarantee) Operating as NORTHUMBERLAND COMMUNITY VOLUNTARY ACTION

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

Office
IT and
Furniture Database
& Equip.
System
£
7.
TANGIBLE FIXED ASSETS
Cost
As at 1 April 2021
13,415
26,634
Additions
-
-
Disposals
-
-
_ _
As at 31 March 2022
13,415
26,634
_ _
Depreciation
As at 1 April 2021
11,828
26,078
Disposals
-
-
Charge for the year
397
138
_ _
As at 31 March 2022
12,225
26,216
_ _
Net book value at 31 March 2022
1,190
418
_ _
8.
DEBTORS
Core Fund
Restricted Funds Accounts
9.
CASH AT BANK AND IN HAND
Bank balances are analysed as follows:
Unrestricted funds
Core Fund
Core Fund money held for others

 Total
2022
£
40,049
-
-
_
40,049
_
37,906
-
535
_
38,441
_
1,608
_
Total
2022
£
6,119
4,733
_
10,852
_
2022
£
237,187
8,769
_
245,956
_		 Total
2021
£
40,049
-
-
_
40,049
_
37,191
-
715
_
37,906
_
2,143
_
Total
2021
£
3,500
4,201
_
7,701
_
2021
£
217,883
15,120
_
233,003
_

(17)

WANSBECK CENTRE FOR VOLUNTARY SERVICE (a company limited by guarantee) Operating as NORTHUMBERLAND COMMUNITY VOLUNTARY ACTION

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

9.
CASH AT BANK AND IN HAND (continued)
Restricted funds
Funding Advice Project
Re:Action Project
Volunteer Centre
Core Fund


Petty Cash balances

Total

10.
CREDITORS: Amounts falling due within one year
Core Restricted
Fund
Funds
Creditors and accrued charges
10,356
7,739
Deferred income
-
88,779
Provision for severance pay
22,000
-
Funds held for others
8,769
-
_ _
41,125
96,518
_ _		 2022
£
13,908
55,147
20,634
1,757
_
91,446
_
517
_
337,919
_
2022
£
Total
18,095
88,779
22,000
8,769
_
137,643
_		 2021
£
9,959
61,653
36,258
16,717
_
124,587
_
1,180
_
358,770
_
2021
£
Total
13,017
132,001
44,000
15,120
_
204,138
_

11. TOTAL CHARITY FUNDS

Unrestricted
Restricted		 Gross
Transfers
Opening
Incoming Resources
between
Balance Resources Expended
Funds
£
£
£
£
164,476
136,054
89,414
(1,620)
-
633,395
631,775
1,620
_
_
_
_
164,476
769,449
721,189
-
_
_
_
_		 Closing
Balance
£
212,736
-
_
212,736
_

(18)

WANSBECK CENTRE FOR VOLUNTARY SERVICE (a company limited by guarantee) Operating as NORTHUMBERLAND COMMUNITY VOLUNTARY ACTION

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

Unrestricted Unrestricted Restricted
Total
Total
Funds Funds
Funds
Funds
2022
2021
£ £
£
£
12. ANALYSIS OF ASSETS BETWEEN FUNDS
Fixed assets 1,608 -
1,608
2,143
Debtors 6,119 4,733
10,852
7,701
Cash at bank and in hand 246,134 91,785
337,919		 358,770
_ _
_		 _
253,861 96,518
350,379		 368,614
Creditors (41,125) (96,518) (137,643) (204,138)
_ _
_		 _
212,736 -
212,736		 164,476
_ _ _ _
13. ANALYSIS OF CHARITABLE FUNDS
Funds at Incoming Resources Funds at
01.04.21 Resources Expended Transfers 31.03.22
£ £ £
£		 £
Unrestricted Funds
General Funds 164,476 114,054 67,414
1,620		 212,736
Provision for severance
pay no longer required - 22,000 22,000
-		 -
_ _ _ _ _
164,476 136,054 89,414
1,620		 212,736
_ _ _ _ _
Deferred Deferred
Income Incoming Resources Income
01.04.21 Resources Expended Transfers 31.03.22
£ £ £
£		 £
Restricted Funds
Core Fund 16,717 20,276 (33,616)
(1,620)		 1,757
Funding Advice a/c 10,000 58,500 (55,252)
-		 13,248
Volunteering Support a/c 35,933 455,443 (471,187)
-		 20,189
Re:Action Project a/c 61,851 63,454 (71,720)
-		 53,585
_ _ _ _ _
124,501 597,673 (631,775)
(1,620)		 88,779
_ _ _ _ _
(19)

WANSBECK CENTRE FOR VOLUNTARY SERVICE (a company limited by guarantee) Operating as NORTHUMBERLAND COMMUNITY VOLUNTARY ACTION

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

13. ANALYSIS OF CHARITABLE FUNDS continued

Restricted Funds
Summary
Deferred income at 1 April 2021 b/fwd
Restricted income - grants received
Deferred income at 31 March 2022 c/fwd
Adjusted income per SOFA
Unrestricted Funds
Summary
Balance deferred income b/fwd
Unrestricted income received
Deferred income at 31 March 2022
Adjusted income per SOFA		 2022
2021
£
£
124,501
87,893
597,673
688,561
_
_
722,174
776,454
(88,779) (124,501)
_
_
633,395
651,953
_
_
2022
2021
£
£
7,500
-
128,554
112,246
_
_
136,054
112,246
-
7,500
_
_
136,054
104,746
_
_

NB: During the year, Northumberland CVA assisted Northumberland County Council with the distribution of some of their COVID-19 Capacity Fund from the North of Tyne Combined Authority. Grants totalling £63,000 were awarded to 25 organisations for extra IT equipment or IT support. The £63,000 received has been deducted from the grants paid and only the management fee paid was included in the income section of our accounts as unrestricted funds (The VCSE Digital Skills Fund 2021).

(20)

WANSBECK CENTRE FOR VOLUNTARY SERVICE (a company limited by guarantee) Operating as NORTHUMBERLAND COMMUNITY VOLUNTARY ACTION

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

13. ANALYSIS OF CHARITABLE FUNDS continued

The following were monies received from grants, commissions and from government organisations in this financial year:

Balance
Incoming		 Resources Balance
01.04.21 Resources expended 31.03.22
£
£
£		 £
Core Fund (All grants treated as
restricted funding):
The Coalfields Regeneration Trust 8,026
-
8,026		 -
Safer Culture North East funded by DCMS
and National Lottery Community Fund 2,927
5,780
7,970		 737
VCS Skills Fund 2,764
-
2,764		 -
NAVCA 3,000
1,500
4,500		 -
Sir James Knott Fund -
5,000
5,000		 -
Connected Voice -
4,101
4,101		 -
R.W. Mann -
2,000
2,000		 -
Good Things Foundation -
1,020
-		 1,020
The Carnegie Trust -
875
875		 -
_
_
_		 _
16,717
20,276
35,236		 1,757
_
_
_		 _

(21)

WANSBECK CENTRE FOR VOLUNTARY SERVICE (a company limited by guarantee) Operating as NORTHUMBERLAND COMMUNITY VOLUNTARY ACTION

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

13. ANALYSIS OF CHARITABLE FUNDS continued

PROJECT INCOME

Note: Some underspends on some projects at 01.04.21 have been amalgamated with new funds to form The Older People’s Project.

Projects’ incoming resources and resources expended were as follows:

Balance
Incoming		 Resources Balance
01.04.21 Resources expended 31.03.22
£
£
£		 £
The Older People’s Project
NCC Men in Sheds 1,508
-
-		 1,508
Bernicia Foundation 10,000
-
10,000		 -
Northumberland Care Trust: Re:Action
Project 2,781
3,375
1,145		 5,011
Community Foundation: The Kellet Fund 6,576
-
2,893		 3,683
Community Foundation: The Partiger
Trust -
9,900
-		 9,900
Sundry income -
360
360		 -
_
_
_		 _
TOTAL FOR PROJECT 20,865
13,635
14,398		 20,102
NCC IT Project -
15,466
12,907		 2,559
Community Foundation: Sisters and North
Farm Wind Farm Community Fund 3,112
9,867
9,128		 3,851
National Lottery Reaching Communities
Fund 37,874
24,486
35,287		 27,073
NCC for Support Services Commission -
50,000
50,000		 -
E.C. Graham Trust 10,000
-
5,252		 4,748
National Lottery Community Fund:
Volunteering Development Project -
8,500
-		 8,500
ESF National Lottery Community Fund 35,933
455,443
471,187		 20,189
_
_
_		 _
107,784
577,397
598,159		 87,022
_
_
_		 _
SUMMARY
Balance
Incoming		 Resources Balance
01.04.21 Resources expended 31.03.22
£
£
£		 £
Core Funds 16,717
20,276
35,236		 1,757
Projects (Restricted funds) 107,784
577,397
598,159		 87,022
_
_
_		 _
124,501
597,673
633,395		 88,779
_
_
_		 _

(22)

WANSBECK CENTRE FOR VOLUNTARY SERVICE (a company limited by guarantee) Operating as NORTHUMBERLAND COMMUNITY VOLUNTARY ACTION

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

13. ANALYSIS OF CHARITABLE FUNDS continued

NB:

All reference to the Community Foundation refers to the Community Foundation serving Tyne & Wear and Northumberland. ESF/National Lottery Community Fund refers to the European Social Fund and the National Lottery, through the National Lottery Community Fund as part of the Building Better Opportunities Programme. DCMS refers to the Department Digital, Culture, Media and Sport and NET refers to their National Emergencies Trust and DCMS NET Fund refers to their National Emergency Trust Fund. NCC refers to Northumberland County Council. NAVCA refers to the National Association of Voluntary and Community Action.

The Coalfield Regeneration Trust’s grant was from their Regional Impact Fund Capital.

MONIES HELD FOR OTHERS

Total
Vantage Syrian Ballinger funds
Fund Refugees Trust CVS held
£ £ £ £ £
Balance at 1 April 2021 328 792 4,000 10,000 15,120
Monies received - 125 - - 125
_ _ _ _ _
328 917 4,000 10,000 15,245
_ _ _ _ _
Grants/Expenditure
in the year 328 - 4,000 2,148 6,476
_ _ _ _ _
Balance in hand
at 31 March 2022 - 917 - 7,852 8,769
_ _ _ _ _

N.B.: CVS is the old unincorporated association, Wansbeck Council for Voluntary Service.

(23)

WANSBECK CENTRE FOR VOLUNTARY SERVICE (a company limited by guarantee) Operating as NORTHUMBERLAND COMMUNITY VOLUNTARY ACTION

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

14. STATEMENT OF CASH FLOW

Net reconciliation or operating surplus/deficit to cash flow from operation activities.

2022 2021
£ £
Operating surplus 48,194 49,565
Depreciation 535 715
(Increase) / decrease in debtors (3,151) 5,845
Increase / (decrease) in creditors (66,495) 62,473
______ ______
Net cash from operating activities (20,917) 118,598
_ _
Net cash flow (20,917) 118,598
Cash from investing activities - -
Loans / interest paid - -
Interest received 66 119
_ _
Net charge from financial activities (20,851) 118,717
Cash at 31 March 2021 358,770 240,053
_ _
Cash at 31 March 2022 (as per balance sheet 31.3.22) 337,919 358,770
_ _

15. SEVERANCE PAY

The provision of £22,000 is sufficient for our liability at 31 March 2022 (2021 £44,000)

16. TRUSTEE REMUNERATION

No expenses were reimbursed to Trustees during the year. No Trustees were reimbursed for their volunteering work within projects.

17. CAPITAL COMMITMENTS

There were no capital commitments as at 31 March 2022.

18. PENSION

The auto-enrolment scheme is ongoing and contributions to staff pensions are made accordingly

19. DEBTORS

All debts are good and have been paid in the current financial year.

20. CREDITORS

All creditors are short term amounts and are falling due for payment within one year. (24)

WANSBECK CENTRE FOR VOLUNTARY SERVICE (a company limited by guarantee)

Operating as NORTHUMBERLAND COMMUNITY VOLUNTARY ACTION

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

21. RELATED PARTY TRANSACTIONS

No transactions with related parties were undertaken such as are required to be disclosed.

22. ULTIMATE CONTROLLING PARTY

In the opinion of the Trustees the charitable company is controlled by the Board of Trustees.

(25)

The following pages do not form part of the statutory accounts.

APPENDIX I

WANSBECK CENTRE FOR VOLUNTARY SERVICE (a company limited by guarantee) Operating as NORTHUMBERLAND COMMUNITY VOLUNTARY ACTION

SUMMARY OF BALANCE SHEET AS AT 31 MARCH 2022

Unrestricted Restricted Unrestricted Restricted
2022 2022 2021 2021
£ £ £ £
TANGIBLE ASSETS 1,608 - 2,143 -
_ _ _ _
CURRENT ASSETS
Debtors & Prepayments 6,119 4,733 3,500 4,201
Cash at bank 245,956 91,446 233,003 124,587
Cash in hand 178 339 527 653
_ _ _ _
252,253 96,518 237,030 129,441
_ _ _ _
CURRENT LIABILITIES
Creditors and accrued charges 10,356 7,739 8,077 4,940
Deferred income - 88,779 7,500 124,501
Severance pay 22,000 - 44,000 -
Funds held for others 8,769 - 15,120 -
_ _ _ _
41,125 96,518 74,697 129,441
_ _ _ _
NET CURRENT ASSETS 211,128 - 162,333 -
_ _ ______ _
NET ASSETS 212,736 - 164,476 -
_ _ _ _
REPRESENTED BY:-
General reserves 211,128 - 162,333 -
Fixed asset funds 1,608 - 2,143 -
_ _ _ _
212,736 - 164,476 -
_ _ _ _

APPENDIX II

WANSBECK CENTRE FOR VOLUNTARY SERVICE (a company limited by guarantee) Operating as NORTHUMBERLAND COMMUNITY VOLUNTARY ACTION INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022

2022 2022 2021 2021
Unrestricted Restricted Unrestricted Restricted
£ £ £ £
INCOME
Grants, management fees
and expenses recovered 113,988 633,395 104,627 651,953
Bank interest 66 - 119 -
Severance Pay provision
Reduction 22,000 - - -
_ _ _ _
136,054 633,395 104,746 651,953
_ _ _ _
EXPENDITURE
Premises running costs 12,076 36,973 10,918 41,027
Salaries and national insurance 35,829 495,038 24,453 451,934
Staff related costs 252 2,516 208 1,711
Office running costs 17,082 38,723 10,416 46,132
Management charges - 5,800 - 9,935
Volunteer expenses - 578 - 1,815
Project running cost and
beneficiary support/training 14,872 52,147 2,272 97,959
Independent Examiner’s fees 1,200 1,620 1,080 1,440
Depreciation 535 - 715 -
Severance Pay 5,948 - 5,000 -
_ _ _ _
87,794 633,395 55,062 651,953
_ _ _ _
NET SURPLUS/(DEFICIT)
FOR THE YEAR 48,260 - 49,684 -
_ _ _ _

All grant funding received in restricted funding is for charitable purposes as defined by the Charity Commission Statement of Recommended Practice.

APPENDIX III

WANSBECK CENTRE FOR VOLUNTARY SERVICE (a company limited by guarantee) Operating as NORTHUMBERLAND COMMUNITY VOLUNTARY ACTION

SUMMARY OF RESERVE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022

2022 2022 2021 2021
Unrestricted Restricted Unrestricted Restricted
£ £ £ £
Balance brought forward 164,476 - 114,792 -
Surplus for the year 48,260 - 49,684 -
_ _ _ _
Balance carried forward 212,736 - 164,476 -
_ _ _ _
Fixed Asset Fund 1,608 - 2,143 -
General Reserve 211,128 - 162,333 -
_ _ _ _
212,736 - 164,476 -
_ _ _ _