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2021-03-31-accounts

Cumbria Council for Voluntary Service

(A company limited by guarantee)

Annual Report and Financial Statements

31 March 2021

Company registration number: 06178269 Charity registration number: 1119671

Cumbria Council for Voluntary Service

Contents

Reference and Administrative Details 1
Trustees' report 2
Trustees' responsibilities in relation to the financial statements 9
Independent auditors' report 10
Statement of financial activities 13
Balance sheet 14
Cash flow statement 15
Notes to the financial statements 16

Cumbria Council for Voluntary Service Reference and Administrative Details

Charity name Cumbria Council for Voluntary Service
Charity registration number 1119671
Company registration number 06178269
Principal office Shaddongate Resource Centre
Shaddongate
CARLISLE
CA2 5TY
Registered office Shaddongate Resource Centre
Shaddongate
CARLISLE
CA2 5TY
Trustees M J E Taylor, Chair
J Coleman
R M Cope
A R Culley
S Gregory
S Martin (Appointed 8 December 2020)
V Nicholson (Appointed 8 December 2020)
C Ranshaw
M Scott
S Sewell (Appointed 8 December 2020)
P G J Stewart (Resigned 8 December 2020)
K Ward (Appointed 8 December 2020)
Chief executive officer & company secretary D Allen
Bankers Unity Trust Bank Plc
Nine Brindley Place
BIRMINGHAM
B1 2HB
Auditor Dodd & Co Limited
FIFTEEN Rosehill
Montgomery Way
Rosehill Estate
CARLISLE
CA1 2RW

Page 1

Cumbria Council for Voluntary Service

Trustees' Report for the Year Ended 31 March 2021

The Trustees present their annual report together with the audited financial statements of the charity for the year 1 April 2020 to 31 March 2021. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the charity qualifies as small under section 382 of the Companies Act 2006, the strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

OBJECTIVES AND ACTIVITIES

a) Policies and Objectives

The objectives of the charity are:

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

b) Strategies for achieving objectives in the year

The charity has continued to progress its strategic plan that defines 4 over-arching strategic aims in support of our charitable objectives:

c) Activities undertaken to achieve objectives

All the years activities focussed on, and were undertaken to further, our charitable purposes for the public benefit. During 2020/21 Cumbria CVS delivered a range of activities as detailed in the strategic plan and the Annual Review of 2020-21 shared at the charity AGM. All delivery was in accordance with the contractor/funding requirements. Objectives for the year included:

  1. Supporting the third sector to access funding, build capacity, and address changes

  2. Facilitating and supporting the recruitment, training, and placement of volunteers

  3. Delivering a range of direct services through a variety of key partnerships

  4. Supporting and developing the third sector’s strategic influence across Cumbria and beyond

d) Social investment policies

The Trustees are aware of their potential powers, and responsibilities, under the terms of the Charities (Protection and Social Investment) Act 2016. No social investments have been made by the charity.

Page 2

Cumbria Council for Voluntary Service

Trustees' Report for the Year Ended 31 March 2021

e) Grant Making Policies

Cumbria CVS holds a small grant fund on behalf of the Trustees of the Eric Wright Charitable Trust, and makes awards of up to £1,000 for any charitable purpose.

f) Volunteers

We have a wide range of volunteers who contribute their skills and expertise to help the running of Cumbria CVS and to support individual projects, particularly cancer support, admin, and digital delivery, social media, and graphic design volunteers.

ACHIEVEMENTS AND PERFORMANCE

a) Main Achievements of the Charity

Cumbria CVS has continued to deliver highly successful outcomes through its major partnership projects (see review of activities below). We continued to strengthen partnerships between the third sector and the healthcare sector; ongoing invaluable work that has continued to adapt effectively as the Covid-19 pandemic evolved during 2020/21. We continue to expand our engagement with the third sector and with government – to better represent the interests of its membership.

b) Key Performance Indicators

All our projects and activities are assessed against relevant key performance indicators – each tailored to the requirements of the funder and the agreed outcomes for the project. Performance is assessed via a range of methods, including delivery metrics, recipient feedback, fundraising achieved, and specific outcomes realised.

c) Review of Activities

Supporting the Third Sector to access funding, build capacity and address change

The practical impacts of the pandemic has required Cumbria CVS to take a wholly new approach to its engagement with the rest of the Third Sector and with Public Services. In our role as its representative voice, Cumbria CVS facilitated strategic partnership links for the Third Sector across a range of areas. These included PPE delivery, population well-being, Winter planning, Social Prescribing, and unpaid carers vaccinations. The expertise of our Health Partnerships Managers was key to the success of these system changes.

Members and Third Sector organisations were helped to access funding in excess of £1,000,000. Over £500,000 was successfully bid for with the support of our Health and Care Funding Officers – much of it generated from outside Cumbria. Another £500,000 investment was generated through direct project funding by the health system and made available to charities across Cumbria through a partnership with Cumbria Community Foundation (who were able to leverage considerable additional funding to support this work). This enabled continuing sector work on mental wellbeing, suicide and self-harm prevention, and bereavement support as well as multiple smaller support grants. Two system wide partnerships were enabled to create cross sector discussion about a variety of issues, related to Covid-19 and beyond; Cumbria Bereavement Support Partnership and Cumbria Unpaid Carers Partnership. We also supported, and took part in, a number of Mutual Aid initiatives, brokering relationships, providing pathways to funding, and carrying out effectiveness reviews. Our work in these areas has been welcomed and praised by stakeholders for introducing collaborative problem-solving networks, overcoming inter-organisational barriers, and building transparency into grant making and funding.

Facilitating and supporting the recruitment, training, and placement of volunteers

The pandemic impacted greatly on volunteers with many not able to volunteer during the crisis, but also not wanting - or being able - to return to volunteering roles. Cumbria CVS played an instrumental role in the co-ordination of volunteers through the central partnership database, Support Cumbria, which was launched in March 2020. Over 2,200 volunteers registered availability via this site, with over 68% being successfully deployed to support local Third Sector partners, NHS Trusts, and Primary Care Networks.

In addition, we supported volunteer recruitment for local charities by holding 11 online Volunteer Recruitment sessions and developing 15 videos to promote available opportunities. Two sessions to encourage and support a Safe Return to Volunteering were also held. Cumbria CVS continued to provide local, expert, arrangements for Standard and Enhanced Disclosure and Barring Service applications. Although the pandemic has affected the demand, we still processed 441 disclosures – 418 Enhanced and 23 Standard. Nearly half of these were for volunteers.

Page 3

Cumbria Council for Voluntary Service

Trustees' Report for the Year Ended 31 March 2021

Cumbria CVS held 15 virtual meetings to help and support local volunteer managers learn from and share covid-19 related good practice in volunteer management such as retaining volunteers, safe working practices, digital volunteering, and recruiting volunteers digitally. The team also provided substantial levels of ad hoc advice to volunteer managers and members on a one-to-one basis throughout the year. These services were supported by the ongoing provision of an online platform, volunteer handbook, and risk assessment guide. As the pandemic continued, we produced additional support material, such as a guide on how to help keep volunteers engaged and motivated, a ‘Safe Return to Volunteering’ guide and a Community Leaders information pack.

Delivering a range of direct services through a variety of key partnerships

Health and Care

We continued our work to build closer relationships with NHS organisations to secure funding and create a partnership agreement to enable third sector organisations to be recognised and work independently within acute hospital settings and on a community basis. We remained involved in the system wide Social Prescribing Steering Group, Cumbria Action for Health Network, and the Lancashire & South Cumbria Voluntary, Community, Faith, and Social Enterprise (VCFSE) Alliance – and attended a large number of strategic and operational groups across the health and social care system.

We have continued to support the Health & Welfare Telephone Support service – working in partnership with 8 Third Sector Organisations to support individuals on their discharge from hospital, reducing demand on acute hospital services. The service provides health colleagues in community teams and acute/community hospital settings with the opportunity to refer someone for additional support from the Third Sector; expediting discharge from hospital or helping to prevent future admissions by providing a structured series of telephone interventions. The team covers all eight Integrated Care Communities and their residents across North Cumbria. We have been able to build on the success of our Third Sector Referral Co-ordinator model as we move into 2021/22.

We also continue to support Cumbria’s Unpaid Carers Partnership, Living With and Beyond Cancer services, and Bereavement Partnership.

Building Better Opportunities

This project is funded by the European Social Fund and the National Lottery Community Fund. It provides support to those furthest removed from the labour market to improve ‘job-readiness’. Cumbria CVS leads this work in partnership with 5 local organisations. In 2020/21 the partnership continued to work collaboratively with local businesses, training providers, and organisations to build confidence, increase skills and improve employability. The project team were able to find innovative ways to continue their work despite the impact of the pandemic. We are delighted that the project has received additional funding to continue into 2021/22.

Back to (Bedrock) Basics

Bedrock Basics is a three-year project that commenced in late 2020 and is part of the wider £2.2m Transforming West Cumbria Programme, which aims to put local people in charge of their own futures by empowering communities to create transformational change. It is funded by Sellafield Ltd and the Nuclear Decommissioning Authority, managed through the Cumbria Community Foundation and delivered by Cumbria CVS. In the financial year 2020/21 the project began to deliver impacts and to date has supported over 26 groups across Cumbria.

Other Partnership Projects

In 2020/21 we led or supported a wide range of other important projects, including ‘Forces Link’ to support the Armed Forces Covenant, ‘Inspiring Barrow’, supporting school children, young people, and teachers, ‘People in the Lead’ – supporting over 60 groups to make a difference in their local communities. More information on each project is contained within the Notes section to the 2020/21 Accounts.

Page 4

Cumbria Council for Voluntary Service

Trustees' Report for the Year Ended 31 March 2021

Supporting and developing the third sector’s strategic influence across Cumbria and beyond

We continue to play a full role in the Third Sector Network Executive (via funding from Cumbria County Council) through which we have a voice at a strategic level – working closely with Cumbria’s public and private sector to promote opportunities to represent and promote collaboration with the third sector. Cumbria CVS staff have engaged in wide range of public sector groups and bodies, to represent the views of our members and the wider third sector. We also helped the Cumbria Arts and Culture Network take steps towards establishing itself as an independent organisation – and watched it increase both its membership and its realistic ambitions.

Cumbria CVS’s Community Resilience Co-Ordinator chaired the Cumbria Community Resilience Group which has formed part of Cumbria’s multi-agency structure co-ordinating the response to the Covid-19 pandemic – and establishing six local resilience groups across Cumbria with representation from Cumbria CVS. Hundreds of local groups were connected into Cumbria’s Coronavirus Helpline and Community Leaders were provided with regular packs of guidance on a range of key matters. The communication pathways developed through this work have helped further improve the Third Sector’s strategic influence across Cumbria. Local Government, the Public Sector, and the Third Sector have jointly pushed the boundaries of collaborative working in response to the direct, and indirect, challenges thrown up by the pandemic. Recognition and understanding of the power and value of Mutual Aid initiatives and local community delivery has been greatly improved.

d) Factors relevant to achieve objectives

The Covid-19 pandemic had a continuing impact on Cumbria CVS delivery of objectives during 2020/21. We continued to use a remote working model for staff and keep our physical offices closed during this period. Project delivery was regularly reviewed for viability and some adjustments, or deferments, made with the agreement of funding partners.

e) Fundraising activities

Cumbria CVS does not currently carry out any fundraising activities.

FINANCIAL REVIEW

a) Going Concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies note 1, including the Trustees assessment of the impact of the COVID-19 pandemic.

b) Reserves Policy

The Board of Trustees, in accordance with the agreed policy, regularly reviews the level of reserves held by Cumbria CVS. The Policy was updated in June 2020 and reaffirmed in 2021. As previously, it states that sufficient reserves should be held to address a range of adverse circumstances including supporting continued operations in periods of financial difficulty and to cover outstanding liabilities in the event of Cumbria CVS ceasing to operate. On this basis the Board of Trustees has agreed that, ideally, the minimum threshold level of unrestricted cash reserves to be held should be £175,000, and a maximum of £350,000. These figures are reviewed regularly by the Finance sub-committee and adjusted when appropriate.

On 31st March 2021 Cumbria CVS has total net assets amounting to £795,880 (2020 - £492,295 after restatement). The majority of current assets are allocated as restricted funds held for on-going restricted projects. Unrestricted current assets as at 31/3/2021 totalled £152,775 (2020 – £81,075 deficit), with the unrestricted fund assets of £580,345 being held as fixed or investment assets in addition. The unrestricted current asset position has improved from the 2019/20 position. This reflects the trustees continued focus on financial control, as well as the positive impact of covid-19 support payments received during the year. The ‘Free Reserves’ as calculated in accordance with SORP requirements are now £13,264 (2020 - deficit of £255,742).

The Board of Trustees has approved a balanced budget for 2021/22. As the level of unrestricted cash reserves were below the minimum level at 31st March 2021 the Trustees have agreed a process for continued close monitoring of assets and reserves. It will take time to replenish unrestricted cash reserves to the minimum threshold level and the Trustees will regularly review and update a replenishment plan to achieve this over the medium to long term.

Page 5

Cumbria Council for Voluntary Service

Trustees' Report for the Year Ended 31 March 2021

c) Material Investment Policy

Cumbria CVS operates in accordance with the powers detailed within its Memorandum and Articles of Association. The Board of Trustees has approved a Policy for the Investment of any surplus funds and/or reserves which supports the principles of ethical investment. It provides for an appropriate balance of;

i) maintaining and, if possible, enhancing the value of the invested funds, so as to enable the charity to carry out its purpose in the longer term, and

ii) where possible, providing an income for the Charity to carry out its activities and purpose effectively in the short term;

During 2020/21 investment was restricted to receipt of monthly interest on immediate access bank/building society accounts, and the charity’s continued investment in property.

d) Principal Risks & Uncertainties

The principal financial risks and uncertainties for Cumbria CVS are:

These risks and uncertainties are closely and regularly monitored by senior management and by the Board of Trustees in accordance with agreed financial risk management objectives and Policies. Ongoing financial performance is monitored closely to ensure that risks are not materialising into issues, and to decide what remedial action is required should they materialise.

e) Financial Risk Management Objectives & Policies

A system of financial planning, reviewing, and reporting is in place to assist the Board of Trustees in maintaining very close monitoring of financial performance whilst unrestricted cash reserves are at low levels.

The objectives of financial risk management are to make sure that Cumbria CVS develops and maintains sustainable, compliant, financial health by ensuring that:

These objectives are supported by the creation and application of the following Policies.

Page 6

Cumbria Council for Voluntary Service

Trustees' Report for the Year Ended 31 March 2021

f) Principal Funding

The Statement of Financial Activities shows a net increase for the year of £303,585 (2020 – decrease of £308,093). This results in total reserves at the end of the period of £795,880, with £381,150 being unrestricted (includes revaluation reserve of £90,645) and £414,730 being restricted in nature. More details can be found in the notes to the financial statements.

The principal funding for Cumbria CVS is in the form of the receipt of grants. These may be unrestricted grant awards to support the overall aims and objectives of the charity, or restricted grant awards designed to deliver specific and clearly defined individual activities.

For 2021/22 Trustees expect that there is likely to be a broad balance of unrestricted expenditure relative to unrestricted income. It is not currently anticipated that unrestricted reserves will be materially increased in the coming financial year. However, trustees will commence replenishment if operating circumstances allow.

STRUCTURE, GOVERNANCE, AND MANAGEMENT

a) Constitution

The charity is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 22nd March 2007 and registered as a charity (no. 1119671) on 15th June 2007.

b) Methods of appointment or election of Trustees

The management of the charity is the responsibility of the Trustees, who are elected and co-opted under terms of the Articles of Association.

The Board of Trustees consists of a minimum of 5, and a maximum of 12, Trustees elected by the membership at the AGM. A Chair, Vice-Chair and Treasurer for the ensuing year are elected at the last meeting of the Board of Trustees prior to the AGM. The Trustees have the power to co-opt an additional 3 persons to the Board at any time.

c) Organisational Structure and decision-making policies

Cumbria CVS is an independent charity and company limited by guarantee. It supports third sector organisations, helping them to build their capacity, sustainability, and effectiveness. The Trustees are responsible for overall management and control, and receive reports from the Chief Executive Officer, HR & Quality sub-committee, and Finance sub-committee on a regular basis.

Cumbria CVS Trading Limited is a subsidiary of the charitable company and was incorporated as a private company limited by shares on 24th September 2013. Cumbria CVS Trading Ltd was placed into dormant status in 2021, remaining as an asset with a £1 nominal value on the balance sheet.

d) Policies adopted for the induction and training of Trustees

All new trustees are provided with a pack of information upon appointment and attend a general induction session delivered by the Chair and Chief Executive Officer. Cumbria CVS runs at least one staff and Trustee training day each year and arranges in house training to meet identified needs on an ad hoc basis. An annual Trustees’ skills audit is carried out and this informs both continuing Trustee development and the recruitment of new Trustees as required.

e) Pay policy for key management personnel

Cumbria CVS has a policy of ensuring that each role within the charity has a defined job description and person specification setting out key areas of responsibility and accountability. Each role is evaluated against Cumbria CVS pay grades which are based on the 2019 salary banding published by the National Joint Council for local government services. Individual salaries are applied within this salary framework on a case-by-case basis. For reasons of affordability and effective financial management the Board approved pay policy is not to apply an automatic annual increase in salary levels for any role, nor to operate a ‘performance related pay’ annual increase. However, the CEO and Trustee Board will consider, annually, the affordability and necessity of awarding a discretionary ‘cost of living’ increase, by reference to any inflation increase that may be applied to the NJC scales. Similarly, as roles change and develop, they may be subject to reassessment within this salary framework; and there may be occasions when temporary salary increases (up to 10%) can be awarded for additional responsibilities.

Page 7

Cumbria Council for Voluntary Service

Trustees' Report for the Year Ended 31 March 2021

f) Related party relationships

Cumbria CVS is a member of the National Association for Voluntary and Community Action (NAVCA) and, as a member of this national organisation, has core functions (adapted to a local context) in common with other Councils for Voluntary Service across the UK.

g) Funds Held as Custodian

Cumbria CVS holds funds as custodian for informal groups that have been awarded grant funding or received donations but do not have a governance structure and/or the capacity/experience to manage those funds or where this is a requirement of the Funder. Details of these funds are contained within the Notes to the Accounts.

PLANS FOR FUTURE PERIODS

During 2021/22 the Trustees and CEO will continue to build upon the new operational team structure put in place during 2020/21 The approach to establish the most effective use, and financial viability, of our properties will be reviewed to ensure that it adapts appropriately to the charity’s needs, and the prevailing economic conditions.

Cumbria CVS will continue to progress the implementation of its strategy, working with key partners to help the Third Sector, and Cumbrian communities as a whole, to build back effectively following the impact of the Covid-19 pandemic.

DISCLOSURE OF INFORMATION TO AUDITORS

Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that:

AUDITORS

The auditors, Dodd & Co Limited, were appointed by the trustees in July 2021 and have indicated their willingness to continue in office.

Small company provisions

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

Approved by the Board on 24 November 2021 and signed on its behalf by:

.........................................

M J E Taylor Trustee

Page 8

Cumbria Council for Voluntary Service

Trustees' Responsibilities in relation to the Financial Statements

The trustees (who are also directors of Cumbria Council for Voluntary Service for the purposes of company law) are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and the Financial Reporting Standard 102 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 9

Independent Auditors' Report to the Trustees of

Cumbria Council for Voluntary Service

Opinion

We have audited the financial statements of Cumbria Council for Voluntary Service for the year ended 31 March 2021 which comprise Statement of Financial Activities, Balance Sheet, Cash Flow Statement and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditorʼs responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRCʼs Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

• the Trustees use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or

• the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the charity's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report other than the financial statements and our auditorʼs report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

•the information given in the trusteesʼ report (incorporating the strategic report and the directorsʼ report) for the financial year for which the financial statements are prepared is consistent with the financial statements; and

•the trusteesʼ report (incorporating the strategic report and the directorsʼ report) have been prepared in accordance with applicable legal requirements.

Page 10

Independent Auditors' Report to the Trustees of

Cumbria Council for Voluntary Service

......... continued

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Annual Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of the trustees

As explained more fully in the Trustees' Responsibilities Statement set out on page 9, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal controls as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charityʼs ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

Page 11

Independent Auditors' Report to the Trustees of

Cumbria Council for Voluntary Service

......... continued

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud to be in relation to revenue recognition and management override which, in common with all audits under ISAs (UK), we are required to perform specific procedures to respond to this risk.

We also obtained an understanding of the legal and regulatory framework that the charitable company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act, Charities Act, pensions legislation and tax legislation.

As a result of performing the above, in response to the risks identified, we did not identify any key audit matters related to the potential risk of fraud or non-compliance with laws and regulations.

In addition to the above, our procedures to respond to risks identified included the following:

• in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Councilʼs website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditorʼs report.

Use of our report

This report is made solely to the charity's trustees as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone othe than the charity and its trustees as a body, for our audit work, for this report, or for the opinions we have formed.

......................................... FIFTEEN Rosehill Joanne Thomlinson (Senior Statutory Auditor) Montgomery Way For and on behalf of Dodd & Co Limited, Statutory Auditor Rosehill Estate CARLISLE 24 November 2021 CA1 2RW

Dodd & Co Limited is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006

Page 12

Cumbria Council for Voluntary Service Statement of Financial Activities for the Year Ended 31 March 2021

Note
Income and endowments from:
Donations and legacies
2
Other trading activities
3
Income from charitable activities
4
Income from investments
5
Total income
Expenditure on:
Other trading activities
Charitable activities
Total expenditure
6
Other recognised gains/losses
Gains/(losses) on investment assets
Net income/(expenditure)
Transfers
Gross transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
Funds
Restricted
Funds
Total Funds
2021
Total Funds
2020
as restated
£
£
£
£
450,322
1,192,242
1,642,564
1,209,139
27,831
-
27,831
28,963
4,184
-
4,184
1,600
90,818
-
90,818
141,658
573,155
1,192,242
1,765,397
1,381,360
35,677
-
35,677
31,367
302,849
1,123,286
1,426,135
1,587,873
338,526
1,123,286
1,461,812
1,619,240
-
-
-
(83,255)
234,629
68,956
303,585
(321,135)
(10,000)
10,000
-
-
224,629
78,956
303,585
(321,135)
156,521
335,774
492,295
813,430
381,150
414,730
795,880
492,295

The notes on pages 16 to 34 form an integral part of these financial statements. Page 13

Cumbria Council for Voluntary Service

Company registration number: 06178269

Balance Sheet as at 31 March 2021

2021 2021 2020 2020
as restated
Note £ £ £ £
Fixed assets
Tangible assets 12 155,344 160,174
Investments 13 425,001 425,001
580,345 585,175
Current assets
Debtors 14 265,357 22,559
Cash at bank and in hand 612,191 246,588
877,548 269,147
Creditors: Amounts falling due within one
year		 15 (463,585) (150,166)
Net current assets 413,963 118,981
Total assets less current liabilities 994,308 704,156
Creditors: Amounts falling due after more
than one year		 16 (198,428) (211,861)
Net assets 795,880 492,295
The funds of the charity:
Restricted funds in surplus 416,558 336,566
Restricted funds in deficit
Health Partnership - (792)
Visual voices (1,828) -
Total restricted funds 414,730 335,774
Unrestricted funds
Unrestricted income funds 381,150 156,521
Total charity funds 795,880 492,295

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 24 November 2021 and signed on its behalf by:

.........................................

M J E Taylor Trustee

The notes on pages 16 to 34 form an integral part of these financial statements.

Page 14

Cumbria Council for Voluntary Service

Cash Flow Statement for the Year Ended 31 March 2021

2020
2021 as restated
£ £
Net cash provided by (used by) operating activities
Net income/(expenditure) for the period 303,585 (321,135)
Depreciation charges 6,827 8,232
losses on investments - 18,725
Loss on the sale of fixed assets - 64,530
(Increase)/decrease in debtors (242,798) 116,407
Increase/(decrease) in creditors 312,241 (14,236)
379,855 (127,477)
Net cash provided by (used in) investing activities
Proceeds from the sale of property, plant and equipment - 60,270
Purchase of property, plant and equipment (1,997) -
(1,997) 60,270
Repayment of borrowings (12,255) (73,269)
Increase/(decrease) in cash 365,603 (140,476)

The notes on pages 16 to 34 form an integral part of these financial statements.

Page 15

Cumbria Council for Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2021

1 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with 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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Basis of preparation

The charitable company 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 notes.

Going concern

At the balance sheet date the charity held unrestricted funds of £381,150 of which £90,645 related to a revaluation reserve and £290,505 being unrestricted general funds. Unrestricted gross current assets totalled £152,775, a material improvement on the deficit position at 31/03/20 of £81,075. The total gross current assets of £877,548, including cash at bank of £612,191, are more than sufficient to cover the £414,730 total value of restricted funds.

This position fulfils the objective of improving the value of unrestricted funds set out in the 2019/20 Report and Accounts.The trustees consider that the risk of restricted monies being used for unrestricted purposes has been effectively mitigated during 2020/21. Although the value of gross unrestricted funds has grown, the trustees have not yet set aside formal unrestricted reserves. This is in part a recognition of the need for management to have flexibility to fund short-term unrestricted costs associated with the delivery of the Cumbria CVS strategic plan, without compromising the integrity of restricted funds. The proper stewardship of restricted funds, and the continued development of unrestricted fund strength will remain a focus for trustees in 2021/22. This will include consideration of viable plans for the gradual replenishment of unrestricted reserves when circumstances allow.

The trustees have considered the on-going situation regarding COVID-19 as part of their going concern assessment. The view of the trustees is that the charity has demonstrated its strong ability to maintain services and support the recovery of Cumbrian communities from the effects of the pandemic. The trustees will continue to consult closely with funders to allow appropriate adjustments to project delivery and cost allocation to sustain this approach.

The trustees and management continue to apply appropriate mitigation in their operating approach to facilitate effective delivery by Cumbria CVS staff, our members, and partners. These include a hybrid model of working, whilst beginning a return to office-based operations. Cumbria CVS has adapted effectively to the changed operating circumstances and continues to remain viable during the anticipated next phases of the pandemic.

The trustees have taken a robust approach in their assessment of the charity’s ability to continue as a going concern. 2020/21 saw an effective strengthening of Cumbria CVS’s financial position. Trustees recognise that, in part, the unrestricted fund growth in 2020/21 was assisted by unbudgeted central and local government grants related to the COVID-19 pandemic. They also acknowledge that material uncertainties remain for the UK economy and for funding partners; meaning that further financial strengthening of the charity is desirable. They have reviewed and approved budget forecasts to the end of the 2022/23 financial year that take a prudent approach to these risks. Trustees have a reasonable expectation that there will be sufficient resources to continue as a going concern for the foreseeable future.

Page 16

Cumbria Council for Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2021

......... continued

Fund accounting policy

Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Further details of each fund are disclosed in note 23.

Income and endowments

Donations are recognised when the Charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the Charity before the Charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the Charity and it is probable that these conditions will be fulfilled in the reporting period.

Legacy gifts are recognised on a case by case basis following the grant of probate when the administor/executor for the estate has communicated in writing both the amount and settlement date. In the event that the gift is in the form of an asset other than cash or a financial asset traded on a recognised stock exchange, recognition is subject to the value of the gift being reliably measured with a degree of reasonable accuracy and the title to the asset having been transferred to the Charity.

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Government grants are recognised on the performance model and are measured at the fair value of the asset receivable or received. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income when there is entitlement and any performance-related conditions are met. Grants relating to assets are recognised when there is entitlement and are not deferred over the life of the asset on which they are expended.

Other grants relating to revenue are recognised in the profit and loss account on a systematic basis over the periods in which the related costs are recognised for which the grant is intended to compensate.

Grants relating to assets are recognised in the profit and loss account upon receipt.

Income derived from events is recognised as earned (that is, as the related goods or services are provided).

Investment income is recognised on a receivable basis.

Income from charitable activities includes income recognised as earned (as the related goods or services are provided) under contract.

Expenditure

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.

Costs of generating funds are the costs of trading for fundraising purposes.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Page 17

Cumbria Council for Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2021

......... continued

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Irrecoverable VAT

Irrecoverable VAT is charged against the category of resources expended for which it was incurred.

Taxation

The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Fixed assets

Individual fixed assets costing £250 or more are initially recorded at cost.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Freehold property 50 years straight line basis
Plant and machinery 3 years straight line basis

Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as "gains/(losses) on investment in the Statement of Financial Activities.

Investments in subsidiaries are valued at cost less provision for impairment.

Trade Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and Cash Equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Page 18

Cumbria Council for Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2021

......... continued

Liabilities

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Operating leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Rentals payable under operating leases are charged in the Statement of Financial Activities on a straight line basis over the lease term.

Pensions

The charity operates a defined contribution pension scheme. Contributions are charged in the statement of financial activities as they become payable in accordance with the rules of the scheme.

Financial instruments

Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Charity after deducting all of its liabilities.

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the Charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the Charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the Charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

Consolidation

The charity has not prepared consolidated accounts under SORP 2019 24.12 on the basis the subsidiary, Cumbria CVS Trading Limited is a non-trading company with a balance sheet value of £nil and is therefore immaterial to the group.

Page 19

Cumbria Council for Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2021

......... continued

Prior period restatement

Adjustments were made to the comparative figures resulting in the reduction of other creditors by £51,795 and the increase of unrestricted general reserves brought forward of the same value. The adjustment was required as a result of the Trustees identifying an old creditor relating to wages costs recharges between the charity and its trading subsidiary that should have been written off in 2019 along with other balances owing between the two entities.

Other adjustments have been made to the comparative figures but only impact the presentation and the split of expenditure.

2 Donations and legacies

Unrestricted Restricted Total Funds Total Funds Total Funds
Funds Funds 2021 2020
£ £ £ £
Grants
UK Government grants 43,280 - 43,280 -
Grants 407,042 1,192,242 1,599,284 1,209,139
450,322 1,192,242 1,642,564 1,209,139

Of the donations and legacies income in 2020, £163,337 related to unrestricted funds and £1,045,802 related to restricted funds.

Projects were funded by the following organisations by way of donations and grants:

Community Resilience Co-ordinator

Cumbria Community Foundation

Community Wheels Volunteers Cumbria County Council

Building Better Opportunities

Big Lottery Fund

Inspiring Barrow

Cumbria Community Foundation Big Lottery Fund BBC Children in Need

People in the Lead

Cumbria County Council Barrow Borough Council Sir John Fisher Foundation

Living with & Beyond Cancer

NHS

Health Partnership NHS

Fundraising Officers

Cumbria County Council

Page 20

Cumbria Council for Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2021

......... continued

Cumbria ICC & Third Sector Referral Co-Ordinators

NHS Cumbria Community Foundation

West Cumbria Community Cancer Support MacMillan Cancer Support

Arts & Culture Network

Cumbria County Council

Bedrock

Cumbria Community Foundation

NHS MBCCG - VSCE Covid-19

NHS

Vonne - VSCE Leadership Programme

NHS

General Funds

Eden District Council Allerdale Borough Council Cumbria County Council Carlisle City Council Francis C Scott Hadfield Charitable Trust Cause4 Armed Forces Covenant Fund Trust Big Lottery Fund Cumbria Community Foundation

3 Other trading activities

Unrestricted Restricted Total Funds Total Funds Total Funds
Funds Funds 2021 2020
£ £ £ £
Financial services income 27,831 - 27,831 28,963

All of the other trading activites income in 2020 related to unrestricted funds.

4 Investments

Unrestricted Restricted Total Funds Total Funds Total Funds
Funds Funds 2021 2020
£ £ £ £
Interest on cash deposits 4,184 - 4,184 1,600

All of the investment income in 2020 related to unrestricted funds.

Page 21

Cumbria Council for Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2021

......... continued

5 Charitable activities

Unrestricted Restricted Total Funds Total Funds Total Funds
Funds Funds 2021 2020
£ £ £ £
Course income (80) - (80) 15,144
Services provided to other organisations 17,495 - 17,495 44,731
Rental income 73,233 - 73,233 81,783
Other income 170 - 170 -
90,818 - 90,818 141,658

All of the income from charitable activities in 2020 related to unrestricted funds.

Page 22

Cumbria Council for Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2021

......... continued

6 Expenditure

Financial
services		 Charitable
activities		 Total
2021		 Total
2020
£ £ £ £
Direct costs
Staff costs 21,760 505,518 527,278 604,372
Staff NIC (Employers) - 54,877 54,877 66,333
Staff pensions - 47,116 47,116 57,763
Direct project costs 12,444 447,550 459,994 596,070
Premises costs - 41,356 41,356 59,714
Depreciation - 6,827 6,827 8,232
Travel & subsistence 6 19,852 19,858 23,840
34,210 1,123,096 1,157,306 1,416,324
Support costs
Employment costs - 186,612 186,612 67,931
Premises costs - - - 603
Insurance - 4,997 4,997 4,734
Telephone - 8,909 8,909 14,414
Computer costs 1,310 36,662 37,972 27,740
Printing, postage and stationery - 2,039 2,039 7,011
Trade subscriptions - 6,643 6,643 6,493
Hire of equipment - 11,552 11,552 7,909
Sundry expenses - 6,824 6,824 (10,414)
Cost of trustee meetings - - - 2,244
Travel and subsistence - 617 617 1,183
Advertising & promotion - 14,811 14,811 1,283
Accountancy fees - 1,833 1,833 3,461
The audit of the charity's annual accounts - 6,000 6,000 33,338
Professional fees 157 5,843 6,000 13,068
Bank charges - 833 833 -
Interest payable - 8,864 8,864 14,703
Loan write-offs - - - 7,215
1,467 303,039 304,506 202,916
35,677 1,426,135 1,461,812 1,619,240

Of the expenditure in 2020 £553,979 related to unrestricted funds and £1,052,219 related to restricted funds.

7 Government grants

Income from government grants comprised of the Coronavirus Job Retention Scheme to fund wages. See note 2 for more details.

Page 23

Cumbria Council for Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2021

......... continued

8 Governance costs

2021 2020
as restated
£ £
Auditors remuneration 6,000 33,338
Accountants fees 1,833 3,461
Trustee meetings - 2,244
Legal and professional fees 5,431 13,068
13,264 52,111

9 Trustees' remuneration and expenses

During the year, no trustees received any remuneration or other benefits (2020 - £nil)

During the year, no expenses were reimbursed or paid directly to any trustees (2020 - 1 trustee totalling £424).

10 Net income/(expenditure)

Net income/(expenditure) is stated after charging:

2021 2021 2020 2020
£ £ £ £
Auditors' remuneration - audit services 6,000 33,338
Depreciation of tangible fixed assets 6,827 8,232

11 Employees' remuneration

The monthly average number of persons (including senior management) employed by the charity during the year was as follows:

2021 2020
No. No.
Charitable activities 33 34

Page 24

Cumbria Council for Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2021

......... continued

The aggregate payroll costs of these persons were as follows:

2021 2020
£ £
Wages and salaries 687,610 662,772
Social security 68,422 66,333
Other pension costs 58,698 57,763
814,730 786,868

During the year, the charity made redundancy and/or termination payments which totalled £5,055 (2020 - £10,238). These costs are included in total wages costs disclosed above.

No employee received emoluments of more than £60,000 during the year.

The key management personnel comprise the Trustees and the Senior Management Board. The total employee benefits of the key management personnel of the Charity were £139,210 (2020 - £220,429).

12 Tangible fixed assets

Freehold Plant and
property machinery Total
£ £ £
Cost
As at 1 April 2020 180,000 95,063 275,063
Additions - 1,997 1,997
As at 31 March 2021 180,000 97,060 277,060
Depreciation
As at 1 April 2020 26,120 88,769 114,889
Charge for the year 3,600 3,227 6,827
As at 31 March 2021 29,720 91,996 121,716
Net book value
As at 31 March 2021 150,280 5,064 155,344
As at 31 March 2020 153,880 6,294 160,174

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Cumbria Council for Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2021

......... continued

13 Investments held as fixed assets

Investments in
group and
Investment associated
properties undertakings Total
£ £ £
Market value
As at 1 April 2020 and 31 March 2021 425,000 1 425,001
Net book value
As at 31 March 2021 425,000 1 425,001
As at 31 March 2020 425,000 1 425,001

The 2021 investment property valuations are based on professional valuations performed by PFK and Eckersley on 18 December 2019 and 6 March 2020 respectively. The valuations were produced on an open market value with existing use basis. The trustees believe there has been no movement in the value of the investment properties between the professional valuation dates and the year end.

All investment assets were held in the UK.

The charity holds more than 20% of the share capital of the following company:

Country of Principal activity Class %
incorporation
Subsidiary undertakings
Cumbria CVS Trading Limited England and Wales Non Trading Ordinary 100
Capital & Profit/(loss)
reserves for the period
£ £
Subsidiary undertakings
Cumbria CVS Trading Limited 1 -

14 Debtors

2021 2020
as restated
£ £
Trade debtors 53,112 11,948
Other debtors 871 -
Prepayments and accrued income 211,374 10,611
265,357 22,559

Page 26

Cumbria Council for Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2021

......... continued

15 Creditors: Amounts falling due within one year

2021 2020
as restated
£ £
Bank loans and overdrafts 14,024 12,846
Trade creditors 47,992 70,133
Taxation and social security 17,905 16,354
Other creditors 30,997 27,502
Accruals and deferred income 352,667 23,331
463,585 150,166

Included within other creditors is a fund held as Custodian totalling £25,873 (2020 - £21,463). See note 17 for more details.

Creditors amounts falling due within one year includes the following liabilities, on which security has been given by the charity:

2021 2020
£ £
Bank loans and overdrafts 14,024 12,846
There is a floating charge over the charity's properties in relation to its bank loans.

16 Creditors: Amounts falling due after more than one year

2021 2020
£ £
Bank loans and overdrafts 198,428 211,861

Creditors amounts falling due after more than one year includes the following liabilities, on which security has been given by the charity:

2021 2020
£ £
Bank loans and overdrafts 198,428 211,861
There is a floating charge over the charity's properties in relation to its bank loans.
Included in the creditors are the following amounts due after more than 5 years:
2021 2020
£ £
After more than five years by instalments 137,282 -

Page 27

Cumbria Council for Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2021

......... continued

17 Funds held as custodian

Funds held as custodian
2021 2020
£ £
Ewanrigg 25,873 21,463
25,873 21,463

Cumbria CVS act as the 'Local Trusted Organisation' and manage the payroll and funding contracts with Local Trust on behalf of the Ewanrigg Local Trust. Funds are held in a separate bank account to the main Cumbria CVS accounts and the figure noted above represents the year end balance.

The Ewanrigg Local Trust is a voluntary organisation made up of people who live and work in Ewanrigg and who want to make Ewanrigg an even better place to live. Ewanrigg Local Trust were given responsibility for the £1m Big Local investment and are working with the community to put it to good use. Plans are managed by the ELT Partnership.

18 Members' liability

The charity is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.

19 Operating lease commitments - lessee

As at 31 March 2021 the charity had total future minimum lease payments under non-cancellable operating leases as follows:

Other Other Other
2021 2020
£ £
Within one year 687 687
Within two and five years - 687
687 1,374
Operating lease commitments - lessor
2021 2020
£ £
Within one year 41,000 46,703
Within two and five years 40,958 76,687
Three 81,958 123,390

20 Operating lease commitments - lessor

Page 28

Cumbria Council for Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2021

......... continued

21 Pension scheme

Defined contribution pension scheme

The charity operates a defined contribution pension scheme. The pension cost charge for the period represents contributions payable by the charity to the scheme and amounted to £58,698 (2020 - £57,763).

Contributions totalling £5,124 (2020 - £nil) were payable to the scheme at the end of the period and are included in creditors.

22 Related parties

Controlling entity

The charity is controlled by the trustees who are all directors of the company.

Page 29

Cumbria Council for Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2021

......... continued

23 Analysis of funds

At 1 April Incoming Resources At 31 March
2020 resources expended Transfers 2021
£ £ £ £ £
General Funds
General funds 65,876 573,155 (338,526) (10,000) 290,505
Revaluation reserve 90,645 - - - 90,645
156,521 573,155 (338,526) (10,000) 381,150
Restricted Funds
Community Resilience
Co-ordinator 25,107 35,000 (48,697) - 11,410
Community Meals Volunteers 9,507 38,000 (31,950) - 15,557
Building Better Opportunities 16,887 433,116 (450,003) - -
Furness Future Leaders 9,768 - (9,768) - -
Inspiring Barrow 33,110 113,719 (85,072) - 61,757
Rebuilding Together (BLT) 26,389 - (26,389) - -
Furness Animators 8,227 - (8,227) - -
People in the Lead 33,154 53,703 (39,237) - 47,620
You Choose 2,580 - (2,580) - -
Eric Wright Trust 15,497 - (15,001) - 496
Living with & Beyond Cancer 30,092 25,000 (16,076) - 39,016
Health Partnership (792) 62,865 (46,437) - 15,636
NHS England - Reducing
Winter Pressures 8,000 - (8,000) - -
Fundraising Officers 52,318 70,000 (65,548) - 56,770
Cumbria ICC & Third Sector
Referral Co-ordinators 30,174 234,149 (190,453) - 73,870
Other Restricted Funds -
Income < £15,000 24,243 4,180 (14,007) - 14,416
West Cumbria Community
Cancer Support - 4,900 - - 4,900
Arts & Culture Network - 10,000 (15,680) 10,000 4,320
Bedrock - 50,000 (19,187) - 30,813
NHS MBCCG - VSCE
Covid-19 - 10,000 (3,600) - 6,400
Vonne -VCSE Leadership
Programme - 9,750 (5,000) - 4,750
Visual voices - - (1,828) - (1,828)
Armed Forces Link Worker 11,513 37,860 (20,546) - 28,827
335,774 1,192,242 (1,123,286) 10,000 414,730
492,295 1,765,397 (1,461,812) - 795,880

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Cumbria Council for Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2021

......... continued

Community Resilience Co-ordinator - funded by Cumbria County Council and Cumbria Community Foundation, the secondment of a member of Cumbria CVS staff to the statutory Local Resilience Forum to better enable communities, public sector, and third sector organisations to better prepare for, and respond to, regional or national emergencies - including the Covid-19 pandemic.

Community Meals volunteers - Cumbria County Council contract to recruit, train and support volunteers engaged to deliver community meals.

Building Better Opportunities - to support and work with individuals who are facing multiple and complex barriers to employment and who are furthest removed from the labour market. It will help them to move towards and into employment by supporting them to play a greater, more productive role in their communities, demonstrate increased skills and confidence and be much more likely to consider employment or volunteering as a viable project.

Furness Future Leaders - a funded program identifying young talent and leaders in Barrow in Furness delivering a 3 week program over the summer to impart vital skills such as confidence building and career development to our future leaders.

Inspiring Barrow - to improve the confidence, self-esteem and aspirations of identified children in years 6, 7 & 8 in the Furness peninsular.

-540 children and young people will increase their self-esteem, confidence, self-efficacy, motivation and emotional resilience.

-540 children and young people will increase their engagement in education, extra-curricular activities and levels of physical activity, whilst reducing their social isolation.

-75 parents and carers/other adults will increase their skills, confidence, knowledge and social networks in order to effectively support their children develop and work towards ambitions and realistic aspirations.

BLT Rebuilding Together - providing support to communities and local businesses to be readily prepared for environmental resilience (i.e. flooding). CVS are lead partners creating a vital link between statutory measures and community response.

Furness Animators - money received to support a partnership project to deliver services aiming to maintain independent living.

People in the Lead - to work intensively with small groups to enable them to grow, to assist communities with ideas to improve their lives, to deliver necessary training and to ameliorate the Furness area.

-60 key community leaders and/or activists will have improved skills and knowledge of how to tackle the issues within their own communities

-Communities and individuals will have increased access to local relevant services.

You Choose - money received to support the development of stronger connections between the community and health & care services in the Furness area.

Eric Wright Trust - Cumbria CVS was asked to host the small grants trust on behalf of Eric Wright Charitable Trust (EWCT) to help widen the target audience of groups applying to the trust.

Living With & Beyond Cancer - funded by NHS North Cumbria - to work across North Cumbria to support networks of third sector organisations involved in the health and care field, and to promote collaboration between those organisations and statutory health and care providers. Also exploring third sector engagement within clinical and care networks and develop models for the effective involvement of third sector organisations in Integrated Care Communities.

Health Partnership - funded by NHS - to support networks of third sector organisations involved in the health and care field, and to promote collaboration between those organisations and statutory health and care providers.

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Cumbria Council for Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2021

......... continued

NHS England - Reducing Winter Pressures - funding from North Cumbria Integrated Care to develop a Partnership Agreement to enable Third Sector organisations and their volunteers to work independently within acute hospital settings. To assist the NHS in managing pressures on beds during the Winter. Funding was transferred to COVID-19 related work in March 2020, with the approval of the NHS funder.

Fundraising Officers - funded by Cumbria County Council Public Health, these officers work to support third sector, community and statutory health and care organisations to develop joint projects; to identify and secure funding from national and regional sources.

Cumbria ICC & Third Sector Referral Co-ordinators - 2 co-ordinators employed by Cumbria CVS who have an Honorary Contract with North Cumbria Integrated Care NHS Trust, and work within the ICC Hub teams, to support ICC staff to understand the Third Sector, the variety of services available, and make appropriate referrals.

West Cumbria Community Cancer Support - funds from Macmillan to work alongside a community Cancer Nurse service.

Arts & Culture Network - the Cumbria Arts and Culture Network was supported by Cumbria CVS as a part of the Third Sector Network. Cumbria CVS provided administrative and project support by a member of CVS staff up to March 2021. From this point onwards, Cumbria CVS provided support through the administration team in setting up regular network meetings.

Bedrock - a sub-project of the larger 'Transforming West Cumbria' project which is managed by Cumbria Community Foundation and funded by Sellafield. Funding supports a Bedrock Development Officer for a period of 3 years. Funding is also received to cover project costs, including improving the website offer to third sector organisations and social enterprises.

NHS MBCCG - VSCE Covid-19 - funding received from NHS Morecambe Bay Clinical Commissing Group to help establish and support two health and wellbeing forums and to help with co-ordination of the covid-19 response.

Vonne - VCSE Leadership Programme - funding received from Voluntary Organisations Network North East to provide masterclasses and leadership development of voluntary sector organisations in the health and social care arena in the North East area.

Visual Voices - a new social enterprise to offer design and illustration services at a fee to voluntary organisations. There is also a 'tech-support' function to support smaller organisations get to grips with MS Teams, Zoom and other software.

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Cumbria Council for Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2021

......... continued

Prior period

At 1 April
2019		 Incoming
resources		 Resources
expended		 Transfers Gains /
(Losses)		 At 31 March
2020
as restated as restated
£ £ £ £
General Funds
General funds 291,314 335,558 (567,021) 70,555 (64,530) 65,876
Revaluation
reserve		 124,016 - - (14,646) (18,725) 90,645
402,288 335,558 (567,021) 55,909 (83,255) 156,521
Restricted Funds
Community
Resilience - 65,000 (39,893) - - 25,107
Co-ordinator
Community Meals
Volunteers		 16,652 38,000 (41,953) (3,192) - 9,507
Building Better
opportunities		 73,706 352,412 (409,231) - - 16,887
Furness Future
Leaders		 19,126 48,600 (57,958) - - 9,768
Inspiring Barrow 56,819 117,610 (99,344) (41,975) - 33,110
Communities in
Control		 - 85,545 (85,545) - - -
Rebuilding
Together (BLT)		 123,036 21,779 (118,426) - - 26,389
Furness Animators 20,112 - (1,143) (10,742) - 8,227
People in the Lead 3,601 73,951 (44,398) - - 33,154
You Choose 2,580 - - - - 2,580
Eric Wright Trust 2,995 20,000 (7,498) - - 15,497
Living with &
Beyond Cancer		 48,355 - (18,263) - - 30,092
Health partnership - 30,000 (30,792) - - (792)
NHS England -
Reducing Winter - 25,000 (17,000) - - 8,000
Pressures
Fundraising
Officers		 - 70,000 (17,682) - - 52,318
Cumbria ICC &
Third Sector
Referral		 - 60,000 (29,826) - - 30,174
Co-ordinators
Armed Forces
Link Worker		 20,000 15,000 (23,487) - - 11,513
Other Restricted
Funds - Income < 11,118 22,905 (9,780) - - 24,243
£15,000
398,100 1,045,802 (1,052,219) (55,909) - 335,774
813,430 1,381,360 (1,619,240) - (83,255) 492,295

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Cumbria Council for Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2021

......... continued

24 Transfers

The transfer of £10,000 represents income allocated to an incorrect fund in a prior year.

25 Net assets by fund

Unrestricted Unrestricted Restricted Total Funds Total Funds
Funds Funds 2021 2020
£ £ £ £
Tangible assets 155,344 - 155,344 160,174
Investments 425,001 - 425,001 425,001
Current assets 152,775 724,773 877,548 269,147
Creditors: Amounts falling due within
one year (153,542) (310,043) (463,585) (150,166)
Creditors: Amounts falling due after
more than one year		 (198,428) - (198,428) (211,861)
Net assets 381,150 414,730 795,880 492,295
rior period
Unrestricted Restricted Total Funds
Funds Funds 2020
£ £ £
Tangible assets 160,174 - 160,174
Investments 425,001 - 425,001
Current assets (81,075) 350,222 269,147
Creditors: Amounts falling due within one year (135,718) (14,448) (150,166)
Creditors : Amounts falling due over one year (211,861) (211,861)
Net assets 156,521 335,774 492,295

Prior period

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