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2022-03-31-accounts

Cumbria Council for Voluntary Service

(A company limited by guarantee)

Annual Report and Financial Statements

31 March 2022

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 10
Independent auditors' report 11
Statement of financial activities 14
Balance sheet 15
Cash flow statement 16
Notes to the financial statements 17

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 (Resigned 19 April 2022)
R M Cope (Resigned 6 April 2022)
A R Culley
S Gregory
S Martin
V Nicholson
C Ranshaw
M Scott (Resigned 31 March 2022)
S Sewell
K Ward
L Martin-White (Appointed 23 November 2021)
J Braithwaite (Appointed 1 April 2022)
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 2022

The Trustees present their annual report together with the audited financial statements of the charity for the year 1 April 2021 to 31 March 2022. 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 group and the charity qualify as small under section 383 of the Companies Act 2006, the Group 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 2021/22, Cumbria CVS delivered a range of activities as detailed in the strategic plan and the Annual Review of 2021/22 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.

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Cumbria Council for Voluntary Service

Trustees' Report for the Year Ended 31 March 2022

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; launching new services and partnerships alongside ongoing work to tackle the impacts of the Covid-19 pandemic.

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. This year saw us employ an Evaluation and Research officer to support improved evaluation of our own work as well as wider learning across the sector.

c) Review of Activities

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

The practical impacts of the pandemic required Cumbria CVS to respond quickly and flexibly in developing new approaches with the Third Sector and with Public Services. Building on our “response” phase from last year, we launched our Health and Welfare telephone support service – a partnership with seven key agencies to support people returning home from hospital – helping provide a personal support service. Our Third Sector Referral Co-ordinator team grew, receiving almost 1,000 referrals over the year and ensuring individuals received the best support from the most appropriate voluntary agencies. Alongside this we once again drew over £1,000,000 investment in third sector services – building the capacity of the sector at a very practical level.

Much of the focus of these funds has again been on practical support arrangements and mental wellbeing but with the support of our partner, Cumbria Community Foundation, we were able to increase the total amount of funds available for Cumbria’s voluntary sector.

Our Health and Care Funding Officers completed their two-year project by generating over £750,000 of funding – 84 grants to 54 groups - much of it generated from outside Cumbria. The team shared 248 funding sources with the sector and carried out over 350 individual funding searches.

Our Barrow-based “People in the Lead” project supported over 100 organisations at two funding fairs and our new “Bedrock Basics” project (part of the “Transforming West Cumbria” programme launched by Sellafield) supported another 124 unique charities on the West coast.

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

Last year, our concerted response to the pandemic generated huge demand and supply of volunteers – we had over 2,200 volunteers register availability via this site, with over 68% being successfully deployed to support local Third Sector partners, NHS Trusts, and Primary Care Networks.

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Cumbria Council for Voluntary Service

Trustees' Report for the Year Ended 31 March 2022

But there was a lot of change: older volunteers increasingly needed to shield before the vaccination roll-out and publication of effectiveness studies in February 2021. Younger volunteers who had become more engaged with their communities needed to return to work post-furlough after September 2021. Cumbria CVS responded well to these challenges – we ran five Volunteer Manager Network meetings to spread good practice (supporting 96 Volunteer Managers in Cumbria); promoted the volunteering opportunities of nearly 100 organisations and kept over 1,000 informed with regular information, advice and support. We ran or attended 32 recruitment events involving 53 charities and organisations, speaking to 425 people about volunteering.

We launched a new Trustee Network, bringing together over 50 trustees and directors to share learning and best practice and begin to rebuild their governance structures. We started the Employer Supported Volunteering Subgroup, connecting Volunteer Managers, the third sector and businesses to develop opportunities.

We continued to provide administrative support for volunteers (and staff) making 807 applications for 129 organisations requiring Standard and Enhanced Disclosure and Barring Service authorisations – an 83% increase on the previous year.

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

Health and Care

The health and care system began further preparations for the 2022 Health and Social Act and the national shift towards “Integrated Care Systems”. Our earlier work in North Cumbria placed us at a clear advantage to other areas less familiar with such new relationships, and we continued to secure funding and develop initiatives to enable third sector organisations to collaborate effectively across the health and care system. We brokered over £1m for investment in North Cumbria’s voluntary sector and engaged at a North-East and North Cumbria ICS level to develop effective VCFSE governance structures with our partners at VONNE – including the establishment of a Health & Wellbeing Network and a Partnership Forum.

As the NHS began to recover from the reactive phase of Covid treatment and vaccination – tackling the enormous backlog of “elective care” demand that had lain dormant during the pandemic – Cumbria CVS helped by working with 7 voluntary sector partners to support individuals on their discharge from hospital, reducing demand on acute hospital services. Our Third Sector Referral Co-ordination team handled nearly 1,000 referrals, linking individuals to the most appropriate voluntary sector organisations to meet their needs.

We continued to support the Health & Welfare Telephone Support Service, developed a “Falls Prevention” Programme and an “Unpaid Carer Support” Programme to try and further alleviate the pressures on a stretched system – also developing new referral pathways with North West Ambulance Services community paramedics, community podiatry teams and Cumbria Health on Call.

We maintained our engagement with the Lancashire & South Cumbria ICS’s Voluntary, Community, Faith, and Social Enterprise (VCFSE) Alliance, with considerable emphasis on the Morecambe Bay footprint, public health initiatives and building awareness and understanding of the VCFSE sector.

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 three local voluntary sector partners. In 2021/22 the partnership continued to work collaboratively with local businesses, training providers, and organisations to build confidence, increase skills and improve employability throughout the pandemic – staying open throughout and finding innovative ways to continue their work. Our results – helping 76% of participants achieve meaningful outcomes - helped us gain extension funding of over £700,000. This funding will be invested in our partner organisations across Barrow and South Lakeland, help us retain skilled staff and increase in the number of local people accessing support, in line with community need.

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 2021/22 the project really took off – supporting some 124 voluntary organisations in developing skills, improving governance, gaining funding and recruiting volunteers.

Other Partnership Projects

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Cumbria Council for Voluntary Service

Trustees' Report for the Year Ended 31 March 2022

This year saw us support many other important partnership projects:

We helped our ‘Forces Link’ project – designed to help agencies engage with the Armed Forces Covenant and provide mental health and wellbeing support to veterans – to establish itself as a Community Interest Company and to successfully apply for continuation funding

Our ‘Inspiring Barrow’ programme worked with 220 school children across 21 primary and secondary schools to improve teamwork, resilience, communication, leadership skills and confidence for those identified as being most able to benefit.

‘People in the Lead’ – supporting over 100 organisations this year to make a difference in their local communities; “ Ewanrigg Local Trust” – acting as Locally Trusted Organisation and employer of project staff for this long-term community development programme, funded by Big Local Trust ; “Living with and Beyond Cancer” – volunteer support and linkage with Northern Cancer Alliance and other related bodies; we have have been involved in Cumbria’s Strategic Refugee Group for a number of years, but this work saw a significant increase in activity at the start of 2022, with support for displaced and vulnerable people becoming more established in Cumbria and huge support from many local groups.

(More information on each project is contained within the Notes section to the 2021/22 Accounts and in our Annual Review).

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, with the support of 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. The Executive elects representatives on five key groups of influence: the Health and Wellbeing Board, the Public Health Alliance, the Children and Young People’s Voluntary Sector Reference Group, the Safer Cumbria Community Safety Group and the Local Enterprise Partnership.

Our Community Resilience Co-Ordinator continued to chair the Cumbria Community Resilience Group - part of Cumbria’s multi-agency structure co-ordinating the response to the Covid-19 pandemic – working with six local resilience groups across Cumbria to help address the impacts of the pandemic. She also engages with the Cumbria Strategic Floods Partnership Executive and in linked work, Chairs the Poverty Strategy Group and this work has further embedded local collaboration and communication between Local Government, NHS and third sector bodies – and further demonstrated the relevance of infrastructure bodies, voluntary organisations, mutual aid and local community delivery.

Cumbria CVS staff engaged in wide range of public sector groups and bodies, to represent the views of our members and the wider third sector. This includes a wide array of forums and groups across two NHS Integrated Care Systems (and two different Integrated Care Partnership and 16 Integrated Care Communities), seven councils, three Town Deal Boards, Health and Wellbeing partnerships, Local Resilience Forums, Borderlands Growth Initiative, Carlisle Partnership Executive, Love Barrow Together Coalition and others – as well as steering groups for around twenty different projects.

We continue to engage with and support the work of Cumbria’s other infrastructure bodies, including Cumbria Community Foundation, Cumbria Youth Alliance, Cumbria Funder’s Network, Action for Communities in Cumbria and many more.

d) Factors relevant to achieve objectives

The Covid-19 pandemic and recovery phase have had a continuing impact on Cumbria CVS delivery – generally providing us with an opportunity to respond positively to the needs of our members and partners. We continued to use a remote working model for staff but have begun to re-open our physical offices and increase safe usage (post-vaccination). 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.

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Cumbria Council for Voluntary Service

Trustees' Report for the Year Ended 31 March 2022

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.

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 2022 Cumbria CVS has total net assets amounting to £881,335 (2021 - £795,880). The majority of reserves are allocated as restricted funds held for on-going restricted projects. Unrestricted reserves at 31st March 2022 totalled £370,536 (2021 – £381,150), including unrestricted fund assets of £598,214 being held as fixed or investment assets in addition. The ‘Free Reserves’ as calculated in accordance with SORP requirements are now negative £29,100 (2021 - positive £13,264).

The Board of Trustees has approved a balanced budget for 2022/23. As the level of unrestricted cash reserves were below the minimum level at 31st March 2022 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.

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 2021/22 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.

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Cumbria Council for Voluntary Service

Trustees' Report for the Year Ended 31 March 2022

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.

f) Principal Funding

The Statement of Financial Activities shows a net increase for the year of £85,455 (2021 – £303,585). This results in total reserves at the end of the period of £881,335, with £370,536 being unrestricted (includes revaluation reserve of £90,645) and £510,799 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 2022/23 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.

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Cumbria Council for Voluntary Service

Trustees' Report for the Year Ended 31 March 2022

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.

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 2022/23 the Trustees and CEO will continue to build upon the new operational team structure put in place during 2021/22 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

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Cumbria Council for Voluntary Service

Trustees' Report for the Year Ended 31 March 2022

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 30 November 2022 and signed on its behalf by:

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

M J E Taylor Trustee

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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 10

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 2022 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.

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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 10, 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:

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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:

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 30 November 2022 CA1 2RW

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

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Cumbria Council for Voluntary Service

Statement of Financial Activities (including Income and Expenditure Account ) for the Year Ended 31 March 2022

Note
Income and endowments from:
Donations and legacies
2
Other trading activities
3
Investments
4
Charitable activities
5
Total income and endowments
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net income before transfers
Transfers
Transfers between funds
Net movements in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
Funds
£
290,244
12,020
89,577
56,800		 Restricted
Funds
£
1,163,709
-
-
1,900		 Total Funds
2022
£
1,453,953
12,020
89,577
58,700		 Total Funds
2021
£
1,642,564
27,831
77,417
17,585
448,641 1,165,609 1,614,250 1,765,397
13,216
445,512		 -
1,070,067		 13,216
1,515,579		 35,677
1,426,135
458,728 1,070,067 1,528,795 1,461,812
(10,087)
(527)		 95,542
527		 85,455
-		 303,585
-
(10,614)
381,150		 96,069
414,730		 85,455
795,880		 303,585
492,295
370,536 510,799 881,335 795,880

All of the Charity's activities derive from continuing operations during the above periods.

The notes on pages 17 to 34 form an integral part of these financial statements.

Page 14

Cumbria Council for Voluntary Service

Company registration number: 06178269

Balance Sheet as at 31 March 2022

Note
Fixed assets
Tangible assets
11
Investments
12
Current assets
Debtors
13
Cash at bank and in hand
Creditors: Amounts falling due within one
year
14
Net current assets
Total assets less current liabilities
Creditors: Amounts falling due after more
than one year
15
Net assets
The funds of the charity:
Restricted funds in surplus
Restricted funds in deficit
Building Better Opportunities
Bedrock
Visual voices
Total restricted funds
Unrestricted funds
Unrestricted income funds
Total charity funds		 2022
£
£
173,213
425,001
598,214
41,032
1,448,759
1,489,791
(1,022,539)
467,252
1,065,466
(184,131)
881,335
515,999
(377)
(4,823)
-
510,799
370,536
881,335		 2021
£
£
155,344
425,001
580,345
265,357
612,191
877,548
(463,585)
413,963
994,308
(198,428)
795,880
416,558
-
-
(1,828)
414,730
381,150
795,880		 2021
£
£
155,344
425,001
580,345
265,357
612,191
877,548
(463,585)
413,963
994,308
(198,428)
795,880
416,558
-
-
(1,828)
414,730
381,150
795,880
580,345
413,963
994,308
(198,428)
795,880
416,558
-
-
(1,828)
414,730
381,150
795,880

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

Approved by the Board on 30 November 2022 and signed on its behalf by:

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

M J E Taylor Trustee

The notes on pages 17 to 34 form an integral part of these financial statements.

Page 15

Cumbria Council for Voluntary Service

Cash Flow Statement for the Year Ended 31 March 2022

Net cash provided by (used by) operating activities
Net income for the period
Depreciation charges
Loss on the sale of fixed assets
Decrease/(increase) in debtors
Increase in creditors
Net cash provided by (used in) investing activities
Purchase of property, plant and equipment
Repayment of borrowings
Increase in cash		 2022
£
85,455
9,973
450
224,325
558,532
878,735
(28,292)
(28,292)
(13,875)
836,568		 2021
£
303,585
6,827
-
(242,798)
312,241
379,855
(1,997)
(1,997)
(12,255)
365,603

The notes on pages 17 to 34 form an integral part of these financial statements.

Page 16

Cumbria Council for Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2022

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 £370,536 of which £90,645 related to a revaluation reserve and £279,891 being unrestricted general funds. Unrestricted gross current assets totalled £105,775 with an unrestricted free reserves deficit of £29,100. The total gross current assets of £1,489,791, includes cash at bank of £1,448,759 holding £443,000 relating to a new project commencing on 01/04/22 and £430,825 for further projects starting throughout future periods. The remaining cash at bank balance of £574,934, sufficiently covers the £510,799 total value of restricted funds carried forward.

Whilst the position does not fulfil the objective of improving the value of unrestricted funds set out in the 2020/21 Report and Accounts, the trustees consider this to be a short term position having reviewed the unrestricted cash balance at 31/03/22, mid-term balances position as at 30/09/22 and management plans to recover unrestricted reserves in 2022/23.

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 2022/23. This will include consideration of viable plans for the gradual replenishment of unrestricted reserves when circumstances allow.

The trustees have taken a robust approach in their assessment of the charity’s ability to continue as a going concern. They have approved budgets to the end of the 2022/23 financial year, prepare prudent forecasts and review the restricted and unrestricted balances on a quarterly basis. Trustees have a reasonable expectation that there will be sufficient resources to continue as a going concern for the foreseeable future.

Page 17

Cumbria Council for Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2022

......... 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 22.

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.

Income from Government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

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 raising 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 18

Cumbria Council for Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2022

......... 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.

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.

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.

Page 19

Cumbria Council for Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2022

......... continued

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.

2 Donations and legacies

Grants
UK Government grants
Grants		 Unrestricted
Funds
£
1,507
288,737		 Restricted
Funds
£
-
1,163,709		 Total Funds
2022
£
1,507
1,452,446		 Total Funds
2021
£
43,280
1,599,284
290,244 1,163,709 1,453,953 1,642,564

Of the donations and legacies income in 2021, £450,332 related to unrestricted funds and £1,192,242 related to restricted funds.

Page 20

Cumbria Council for Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2022

......... continued

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

Community Resilience Co-ordinator

Cumbria County Council

Building Better Opportunities

Big Lottery Fund

Inspiring Barrow

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

Cumbria ICC & Third Sector Referral Co-Ordinators

NHS

Arts & Culture Network

Cumbria County Council

Bedrock

Cumbria Community Foundation

Vonne - VSCE Leadership Programme

NHS

Armed Forces Link Worker

Sporting Force Eden District Council Cumbria County Council Carlisle City Council

Community Resilience

Cumbria County Council

Winter Wellness

NHS

General Funds

Eden District Council Allerdale Borough Council Cumbria County Council Carlisle City Council South Lakes District Council Barrow & District Council Copeland Borough Council Francis C Scott

Page 21

Cumbria Council for Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2022

......... continued

3 Other trading activities

Financial services income Unrestricted
Funds
£
12,020		 Restricted
Funds
£
-		 Total Funds
2022
£
12,020		 Total Funds
2021
£
27,831

All of the other trading activites income in 2021 related to unrestricted funds.

4 Investments

Rental income
Interest on cash deposits		 Unrestricted
Funds
£
89,136
441		 Restricted
Funds
£
-
-		 Total Funds
2022
£
89,136
441		 Total Funds
2021
£
73,233
4,184
89,577 - 89,577 77,417

All of the investment income in 2021 related to unrestricted funds.

5 Charitable activities

Course income
Services provided to other organisations
Other income		 Unrestricted
Funds
£
3,817
51,941
1,042		 Restricted
Funds
£
-
150
1,750		 Total Funds
2022
£
3,817
52,091
2,792		 Total Funds
2021
£
(80)
17,495
170
56,800 1,900 58,700 17,585

All of the income from charitable activities in 2021 related to unrestricted funds.

Page 22

Cumbria Council for Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2022

......... continued

6 Expenditure

Direct costs
Staff costs
Staff NIC (Employers)
Staff pensions
Direct project costs
Premises costs
Storage rent
Depreciation
Travel & subsistence
Support costs
Employment costs
Insurance
Telephone
Computer costs
Printing, postage and stationery
Trade subscriptions
Hire of equipment
Sundry expenses
Travel and subsistence
Advertising & promotion
Accountancy fees
The audit of the charity's annual accounts
Professional fees
Bank charges
Interest payable
(Profit)/loss on sale of tangible fixed assets held for
charity's own use		 Financial
services
£
12,846
-
-
-
-
-
-
180
13,026
-
-
-
-
138
-
-
-
-
-
-
-
52
-
-
-
190
13,216		 Charitable
activities
£
571,293
51,363
48,764
377,783
57,499
1,457
9,973
4,780		 Total
2022
£
584,139
51,363
48,764
377,783
57,499
1,457
9,973
4,960		 Total
2021
£
527,278
54,877
47,116
459,994
41,356
-
6,827
19,858
1,122,912 1,135,938 1,157,306
245,980
5,252
6,926
37,484
1,927
4,381
2,181
8,967
371
34,534
11,975
9,000
15,206
845
7,188
450		 245,980
5,252
6,926
37,484
2,065
4,381
2,181
8,967
371
34,534
11,975
9,000
15,258
845
7,188
450		 186,612
4,997
8,909
37,972
2,039
6,643
11,552
6,824
617
14,811
1,833
6,000
6,000
833
8,864
-
392,667 392,857 304,506
1,515,579 1,528,795 1,461,812

Of the expenditure in 2021 £338,526 related to unrestricted funds and £1,123,286 related to restricted funds.

Page 23

Cumbria Council for Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2022

......... continued

7 Governance costs

Auditors remuneration
Accountants fees
Legal and professional fees		 2022
£
9,000
11,975
15,258		 2021
£
6,000
1,833
6,000
36,233 15,666

8 Trustees' remuneration and expenses

During the year, no trustees received any remuneration or other benefits (2021 - £nil)

During the year, no expenses were reimbursed or paid directly to any trustees (2021 - £nil).

9 Net income

Net income is stated after charging:

2022 2021
£ £ £ £
Auditors' remuneration - audit services 9,000 6,000
Loss/(profit) on disposal of tangible
fixed assets 450 -
Depreciation of tangible fixed assets 9,973 6,827

10 Employees' remuneration

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

Charitable activities
The aggregate payroll costs of these persons were as follows:
Wages and salaries
Social security
Other pension costs		 2022
No.
32
2022
£
793,560
70,912
62,160
926,632		 2021
No.
33
2021
£
687,610
68,422
58,698
814,730

During the year, the charity made redundancy and/or termination payments which totalled £13,637 (2021 - £5,055). These costs are included in total wages costs disclosed above.

Page 24

Cumbria Council for Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2022

......... continued

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 £143,161 (2021 - £139,210).

11 Tangible fixed assets

Cost
As at 1 April 2021
Additions
Disposals
As at 31 March 2022
Depreciation
As at 1 April 2021
Eliminated on disposals
Charge for the year
As at 31 March 2022
Net book value
As at 31 March 2022
As at 31 March 2021		 Freehold
property
£
180,000
-
-
180,000
29,720
-
3,600
33,320
146,680
150,280		 Plant and
machinery
£
97,060
28,292
(900)
124,452
91,996
(450)
6,373
97,919
26,533
5,064		 Total
£
277,060
28,292
(900)
304,452
121,716
(450)
9,973
131,239
173,213
155,344

Page 25

Cumbria Council for Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2022

......... continued

12 Investments held as fixed assets

Market value
As at 1 April 2021 and 31 March 2022
Net book value
As at 31 March 2022
As at 31 March 2021		 Investment
properties
£
425,000
425,000
425,000		 Investments in
group and
associated
undertakings
£
1
1
1		 Total
£
425,001
425,001
425,001

The 2022 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 -

13 Debtors

Trade debtors
Other debtors
Prepayments and accrued income		 2022
£
7,921
-
33,111
41,032		 2021
£
53,112
871
211,374
265,357

Page 26

Cumbria Council for Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2022

......... continued

14 Creditors: Amounts falling due within one year

Bank loans and overdrafts
Trade creditors
Taxation and social security
Other creditors
Accruals and deferred income		 2022
£
14,446
23,004
22,749
62,084
900,256
1,022,539		 2021
£
14,024
47,992
17,905
30,997
352,667
463,585

Included within other creditors is a fund held as Custodian totalling £54,752 (2021 - £25,873). See note 16 for more details.

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

Bank loans and overdrafts 2022
£
14,446		 2021
£
14,024

There is a floating charge over the charity's properties in relation to its bank loans.

15 Creditors: Amounts falling due after more than one year

Bank loans and overdrafts 2022
£
184,131		 2021
£
198,428

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

2022
£
Bank loans and overdrafts
184,131
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:
2022
£
After more than five years by instalments
119,740		 2021
£
198,428
2021
£
137,282

Page 27

Cumbria Council for Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2022

......... continued

16 Funds held as custodian

Funds held as custodian
Ewanrigg 2022
£
54,752
54,752		 2021
£
25,873
25,873

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.

17 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.

18 Operating lease commitments - lessee

As at 31 March 2022 the charity had total future minimum lease payments under non-cancellable operating leases as follows:

Within one year
19
Operating lease commitments - lessor
Within one year
Within two and five years
Total		 Other
2022
£
2021
£
-
687
2022
2021
£
£
40,958
41,000
-
40,958
40,958
81,958		 Other
2022
£
2021
£
-
687
2022
2021
£
£
40,958
41,000
-
40,958
40,958
81,958
81,958

Page 28

Cumbria Council for Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2022

......... continued

20 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 £62,160 (2021 - £58,698).

Contributions totalling £6,244 (2021 - £5,124) were payable to the scheme at the end of the period and are included in creditors.

21 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 2022

......... continued

22 Analysis of funds

General Funds
General funds
Revaluation reserve
Restricted Funds
Community Resilience
Co-ordinator
Community Meals Volunteers
Building Better Opportunities
Inspiring Barrow
People in the Lead
Eric Wright Trust
Living with & Beyond Cancer
Health Partnership
Fundraising Officers
Cumbria ICC & Third Sector
Referral Co-ordinators
Other Restricted Funds -
Income < £15,000
West Cumbria Community
Cancer Support
Arts & Culture Network
Bedrock
NHS MBCCG - VSCE
Covid-19
Vonne -VCSE Leadership
Programme
Visual voices
Armed Forces Link Worker
Winter wellness
Community resilience		 At 1 April
2021
£
290,505
90,645
381,150
11,410
15,557
-
61,757
47,620
496
39,016
15,636
56,770
73,870
14,416
4,900
4,320
30,813
6,400
4,750
(1,828)
28,827
-
-
414,730
795,880		 Incoming
resources
£
448,641
-
448,641
55,393
-
312,794
70,808
22,500
14,503
45,455
62,735
-
443,817
(1,248)
-
2,150
50,000
-
14,500
1,445
23,125
34,617
13,015
1,165,609
1,614,250		 Resources
expended
£
(458,728)
-
(458,728)
(66,803)
(3,873)
(313,171)
(109,482)
(53,511)
(13,677)
(35,128)
(55,231)
(41,486)
(189,967)
(18,168)
(800)
(4,577)
(83,594)
(6,400)
(8,581)
(7,543)
(31,078)
(21,365)
(5,632)
(1,070,067)
(1,528,795)		 Transfers
£
(527)
-
(527)
-
-
-
-
-
-
(1,256)
-
-
(4,101)
5,000
-
-
(2,042)
-
-
7,926
(5,000)
-
-
527
-		 At 31 March
2022
£
279,891
90,645
370,536
-
11,684
(377)
23,083
16,609
1,322
48,087
23,140
15,284
323,619
-
4,100
1,893
(4,823)
-
10,669
-
15,874
13,252
7,383
510,799
881,335

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Cumbria Council for Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2022

......... 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 2022

......... 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.

Armed Forces link worker - Operating across Carlisle and Eden, this project provides support to local ex-service communities and their families through networks and other activities,

Winter wellness - Funding from Morecambe Bay Neighbourhood Development/Support Fund to support activities in the Barrow area to help reduce the impact of Covid and other health conditions on place-based partnership (PBP) over winter through interventions aimed at 'Winter wellness'.

Community Resilience - A project to develop a clear, connected, community centered network of organisations who are resourced, prepared and practiced in preparation for future emergency responses across Carlisle and Eden District.

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Cumbria Council for Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2022

......... continued

Prior period

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

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Cumbria Council for Voluntary Service

Notes to the Financial Statements for the Year Ended 31 March 2022

......... continued

23 Transfers

The transfers of £7,728 represent restricted funds received to purchase fixed assets. Once the assets were purchased the original restriction on the funds was met and the assets were therefore transferred to unrestricted funds, to reflect the fact they are unrestricted in use.

£7,926 was transferred from unrestricted funds to restricted funds to cover the deifict on the Visual Voices project.

24 Net assets by fund

Tangible assets
Investments
Current assets
Creditors: Amounts falling due within
one year
Creditors: Amounts falling due after
more than one year
Net assets		 Unrestricted
Funds
£
173,213
425,001
105,775
(149,322)
(184,131)
370,536		 Restricted
Funds
£
-
-
1,384,016
(873,217)
-
510,799		 Total Funds
2022
£
173,213
425,001
1,489,791
(1,022,539)
(184,131)
881,335		 Total Funds
2021
£
155,344
425,001
877,548
(463,585)
(198,428)
795,880

Prior period

Tangible assets
Investments
Current assets
Creditors: Amounts falling due within
one year
Creditors : Amounts falling due over one
year
Net assets		 Unrestricted
Funds
£
155,344
425,001
152,775
(153,542)
(198,428)
381,150		 Restricted
Funds
£
-
-
724,773
(310,043)
-
414,730		 Total Funds
2021
£
155,344
425,001
877,548
(463,585)
(198,428)
795,880		 Total Funds
2020
160,174
425,001
269,147
(150,166)
(211,861)
492,295

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