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2021-03-31-accounts

VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

Company Registration No. 05756723 (England and Wales) Charity Registration No. 1125184

VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

Mrs E Smith Mrs A Jacques Mr D Blower Mrs J Humble Mrs B Lucas

Secretary

L Saggerson

Charity number 1125184 Company number 05756723 Registered office 95 Abingdon Street Blackpool Lancashire FY1 1PP

Independent examiner Champion Accountants LLP Unit 2 Olympic Court Whitehills Business Park Blackpool Lancashire FY4 5GU

Bankers

Royal Bank of Scotland Plc Drummond House 1 Redheughs Avenue Edinburgh EH12 9JN

VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED

CONTENTS

Page
Trustees' report 1 - 4
Independent examiner's report 5
Statement of financial activities 6
Balance sheet 7
Notes to the financial statements 8 - 19

VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2021

The trustees present their report and financial statements for the year ended 31 March 2021.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum & Articles of Association , the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016)

Objectives and activities

The charity's objects are to promote all or any charitable purpose for the benefit of the community with the area of benefit in particular, the advancement of education, the furtherance of health and the relief of poverty, distress and sickness.

The policies adopted in furtherance of these objects are to promote volunteering in general, offer advice on volunteering issues and provide support and training to volunteers, to support volunteer placement organisations and to promote and organise co-operation in advancement of these purposes and bring together the council, representatives of the voluntary organisations, statutory authorities and agencies, community associations and individuals within the area of benefit. There has been no change in these activities during the year.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

The main activities of the charity during the year have been to provide a volunteer brokerage service for local people wishing to volunteer and volunteer programme development and management support to local, regional and national volunteer involving organisations.

The charity's projects over t his financial year have been:

VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Achievements and performance

Whilst limited, due to lack of core funding, the Charity has endeavoured to continue to deliver, where possible, the core Volunteer Centre functions of:

Project activity has been supported by:

For the duration of this financial year, due to COVID-19 restrictions, our staff and volunteers have been working from home. Despite the many challenges this has presented, our team have continued to support the community (and each other) in the best way they possibly can.

In the initial stages of the lockdown, our Chief Executive supported Blackpool Foodbank to adapt its operating model so that it could continue to support the local community and make sure that those in need received emergency food supplies. The Chief Executive also assisted Blackpool Council with the setting up of Corona Kindness hubs and volunteer recruitment resources .

The Volunteer Centre took on the role of providing the Corona Kindness telephone befriending service for people who were socially isolated/lonely or struggling with their mental health during lockdown. Staff and volunteers made regular welfare calls to individuals and liaised with other support agencies when issues such as food, housing and health and wellbeing were identified. Over the course of the year more than 200 people were referred to the service, which for some people was without doubt a lifeline.

In November 2020, we were awarded emergency COVID-19 funding grant from the Coronavirus Community Support Fund for our telephone befriending service. This enabled us to have a dedicated staff resource to extend the service to other members of our community.

Having secured a 1-year extension to the Better Start Early Years Volunteer Development contract from 1 st April 2020-31 st March 2021, throughout lockdown , our Volunteer Academy team supported local families with children aged 0-4 with welfare calls. The Volunteer Academy also produced activity and information packs for families. The packs provided families, who had limited resources, with materials to carry out learning and development activities for their babies and early years children whilst they were at home during lockdown. Our particular thanks to Elaine Taylor and Samantha Smith from the Volunteer Academy for coming up with idea and all the hard work they put into sourcing materials, putting the packs together and distributing them.

In July 2020, we successfully renewed our Investing in Volunteers accreditation for good practice in volunteer

management for the third time.

In August 2020, our Social Prescribing Link Worker activity in partnership with Blackpool Citizens Advice commenced. Collectively, we employed 7 full time equivalent Link Workers across 5 Primary Care Networks in Blackpool, Wyre and Fylde. The Link Workers role is to provide non-clinical support for patients referred by their GP practice by helping them access local community-based activities that will improve their health and wellbeing.

VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

In October 2020, the lease for the Volunteer Centre’s new premises at 95 Abingdon Street was signed. Alongside providing a base for the Volunteer Centre team, the building will be a hub for other groups to use once Covid-19 restrictions allow. Our thanks go to Blackpool Better Start and the National Lottery for their capital investment which made this possible.

Also in October, work at the Jasmine Centre in Fleetwood funded by a grant from the Sisters of the Holy Child Jesus for a space for Syrian refugee families and a hub to integrate them with the wider community was completed. Due to lockdown however, we were unable to deliver activities at the centre. As a result of this, we sought and secured funding to provide digital equipment to families so that they could continue developing their English through classes and other activities online. Towards the end of the financial year, we also secured a small grant to provide drop-in support and integration activities to Syrian families living in Fylde.

We would like to thank all our funders for making our work possible whilst ensuring that the safety of our team

remains paramount throughout the pandemic.

As always, we would like to thank our dedicated team of volunteers, staff and trustees for their ongoing commitment and dedication to enabling the Volunteer Centre to deliver its services and projects and support the communities of Blackpool, Wyre and Fylde.

We would like to make special mention this year of Mrs Pauline Cheeseman, who retired from her role as Treasurer at our last Annual General Meeting. Pauline has been with us since 2007, originally starting as a volunteer to help us with finance, then becoming our Finance Officer and finally our Treasurer for many years.

Pauline has been a huge asset to our team over the years, overseeing our finances and working closely with our Finance Manager and Chief Executive to ensure that Volunteer Centre finances are kept in order.

Pauline will be greatly missed by all of us, and we would like to extend our deepest gratitude to Pauline and wish her all the very best in her retirement.

Financial review

The charity has achieved a surplus for the year of £53,835 (2020: £ 27,356), due to an increase in restricted fund income which was unspent in the financial year. This has been added to retained funds brought forward with the resulting accumulated surplus of £155,473 (2020: £ 101,638) being carried forward to next year. The trustees are satisfied with the results for the year .

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has not been achieved at the year end as the charity has no unrestricted funds.

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The charity is a company limited by guarantee established in April 2006.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Mrs E Smith Mrs A Jacques Mrs P Cheeseman (resigned 4 March 2021) Mr D Blower Mrs J Humble Mrs B Lucas

Trustees are elected by vote at Annual General Meetings. They receive appropriate training for the role of trustee.

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

The trustees have had due regard to guidance published by the Charity Commission on public benefit and has applied this in its day to day running of the services provided.

The organisation is managed by the Board of Trustees who delegate the day to day running of the organisation to the Volunteer Centre Chief Executive who is Lynn Saggerson.

The trustees' r eport was approved by the Board of Trustees.

Mrs E Smith

Trustee Dated: 17 December 2021

VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED

I report to the trustees on my examination of the financial statements of Volunteer Centre Blackpool, Wyre and Fylde Limited (the charity) for the year ended 31 March 2021.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act) . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

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

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

Champion Accountants LLP

Unit 2 Olympic Court Whitehills Business Park Blackpool Lancashire FY4 5GU

Dated: 17 November 2021

VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021

Unrestricted
Restricted
funds
funds
2021
2021
Notes
£
£
Income from:
Donations and legacies
3
1,160
2,200
Charitable activities
4
1,000
367,539
Investments
5
-
18
Total income
2,160
369,757
Expenditure on:
Raising funds
6
-
11,106
Charitable activities
8
2,160
304,816
Total resources
expended
2,160
315,922
Net income for the year/
Net incoming resources
-
53,835
Other recognised gains and losses
Actuarial (loss)/gain on
defined benefit pension
schemes
-
-
Net movement in funds
-
53,835
Fund balances at 1
April 2020
-
101,638
Fund balances at 31
March 2021
-
155,473		 TotalUnrestricted
Restricted
funds
funds
2021
2020
2020
£
£
£
3,360
-
-
368,539
1,293
275,943
18
-
154
371,917
1,293
276,097
11,106
-
9,832
306,976
1,293
241,509
318,082
1,293
251,341
53,835
-
24,756
-
-
2,600
53,835
-
27,356
101,638
-
74,282
155,473
-
101,638		 Total
2020
£
-
277,236
154
277,390
9,832
242,802
252,634
24,756
2,600
27,356
74,282
101,638

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED

BALANCE SHEET

AS AT 31 MARCH 2021

Notes
Fixed assets
Tangible assets
11
Current assets
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within
one year
13
Net current assets
Total assets less current liabilities
Net assets excluding pension surplus
Defined benefit pension surplus
15
Income funds
Restricted funds
14
Unrestricted funds		 2021
£
60,432
101,988
162,420
(18,491)		 £
7,944
143,929
151,873
151,873
3,600
155,473
-
155,473		 2020
£
37,386
76,102
113,488
(19,273)		 £
3,823
94,215
98,038
98,038
3,600
101,638
-
101,638

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2021.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the Trustees on 17 November 2021

Mrs E Smith Trustee

Company Registration No. 05756723

VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

Charity information

Volunteer Centre Blackpool, Wyre and Fylde Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is South Lodge, West Park Drive, Blackpool, Lancashire, FY3 9EQ.

1.1 Accounting convention

The accounts have been prepared in accordance with the charity's Memorandum & Articles of Association, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling , which is the functional currency of the charity. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Deferred income relates to grants received for specific expenditure over a specified period of time. A portion of the grant is carried forward as deferred income and matched against expenditure in the relevant period.

VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

(Continued)

1.5 Expenditure

Restricted funds are to be used for the specific purpose determined by the grant provider. Expenditure which meets this criteria is identified to the fund, together with a fair allocation of management and support costs.

Unrestricted funds are other income received or generated for charitable purposes.

All expenditure is accounted for on an accruals basis and recognised when the liability is incurred.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery 25 % on cost Fixtures, fittings & equipment 25 % on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

1.7 Impairment of fixed assets

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

(Continued)

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

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

The company operate d a defined benefit pension scheme for certain former employees. The assets of the scheme are held separately from those of the charity.The regular cost of providing retirement pensions and related benefits is charged to the statement of financial activities over the employees' service lives on the basis of a constant percentage of earnings. Any difference between the charge to the statement of financial activities and the contributions paid to the scheme is shown as an asset or liability in the balance sheet.

The net interest element is determined by multiplying the net defined benefit liability by the discount rate, taking into account any changes in the net defined benefit liability during the period as a result of contribution and benefit payments. The net interest is recognised in income/(expenditure) for the year .

Remeasurement changes comprise actuarial gains and losses, the effect of the asset ceiling and the return on the net defined benefit liability excluding amounts included in net interest. These are recognised immediately in other recognised gains and losses in the period in which they occur and are not reclassified to income/(expenditure) in subsequent periods.

The net defined benefit pension asset or liability in the balance sheet comprises the total for each plan of the present value of the defined benefit obligation (using a discount rate based on high quality corporate bonds), less the fair value of plan assets out of which the obligations are to be settled directly. Fair value is based on market price information, and in the case of quoted securities is the published bid price. The value of a net pension benefit asset is limited to the amount that may be recovered either through reduced contributions or agreed refunds from the scheme.

VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and legacies

Unrestricted Restricted Total Total
funds funds
2021 2021 2021 2020
£ £ £ £
Donations and gifts 1,160 2,200 3,360 -
Charitable activities
Grants Grants
receivable receivable
for for
charitable charitable
activities activities
2021 2020
£ £
Performance related grants 367,039 269,723
Other income 1,500 7,513
368,539 277,236
Analysis by fund
Unrestricted funds 1,000 1,293
Restricted funds 367,539 275,943
368,539 277,236

4 Charitable activities

VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

5 Investments

Interest receivable
Raising funds
Fundraising and publicity
Advertising
Support costs
Support
costs
Governance
costs
£
£
Depreciation
5,328
-
Accountancy
-
1,402
Legal and professional
-
31,800
Bank charges
-
352
5,328
33,554
Analysed between
Charitable activities
5,328
33,554		 Restricted
Restricted
funds
funds
2021
2020
£
£
18
154
Restricted
Restricted
funds
funds
2021
2020
£
£
11,106
9,832
11,106
9,832
2021
Support
costs
Governance
costs
2020
£
£
£
£
5,328
2,968
-
2,968
1,402
-
1,590
1,590
31,800
-
4,984
4,984
352
-
553
553
38,882
2,968
7,127
10,095
38,882
2,968
7,127
10,095

6 Raising funds

7 Support costs

VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

8 Charitable activities

Direct
Direct
Charitable
Charitable
Expenditure
Expenditure
2021
2020
£
£
Staff costs 230,041
169,377
Rent -
4,950
Rates 935
188
Room hire 2,414
12,577
Insurance 3,550
2,715
Light and heat 1,707
1,439
Repairs & maintenance 4,045
1,664
Printing & Stationery 891
1,568
Telephone 3,362
2,695
Travel expenses 1,786
16,207
Direct project costs 16,272
10,387
Training 1,810
3,383
Sundry expenses 1,281
3,172
Better Start activity budget -
2,385
268,094
232,707
Share of support costs (see note 7) 5,328
2,968
Share of governance costs (see note 7) 33,554
7,127
306,976
242,802
Analysis by fund
Unrestricted funds 2,160
1,293
Restricted funds 304,816
241,509
306,976
242,802
For the year ended 31 March 2020
Unrestricted funds 1,293
Restricted funds 241,509
242,802

9 Trustees

None of the trustees (or any persons connected with them) received any remuneration during the year. None of the trustees received any expenses during the year (20 20 : £Nil).

VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

10 Employees

The average monthly number of employees during the year was:

2021
Number
14
Employment costs
2021
£
Wages and salaries
212,115
Social security costs
10,368
Other pension costs
7,558
230,041
Tangible fixed assets
Plant and
machinery
Fixtures,
fittings &
equipment
£
£
Cost
At 1 April 2020
25,212
16,042
Additions
7,418
2,030
At 31 March 2021
32,630
18,072
Depreciation and impairment
At 1 April 2020
21,421
16,010
Depreciation charged in the year
4,820
507
At 31 March 2021
26,241
16,517
Carrying amount
At 31 March 2021
6,389
1,555
At 31 March 2020
3,791
32		 2020
Number
13
2020
£
158,752
5,613
5,012
169,377
Total
£
41,254
9,448
50,702
37,431
5,327
42,758
7,944
3,823

11 Tangible fixed assets

VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

12
Debtors
Amounts falling due within one year:
Trade debtors
Prepayments and accrued income
13
Creditors: amounts falling due within one year
Other taxation and social security
Trade creditors
Accruals and deferred income		 2021
£
60,223
209
60,432
2021
£
5,428
5,078
7,985
18,491		 2020
£
36,722
664
37,386
2020
£
2,299
3,286
13,688
19,273

VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

14 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Movement in funds
Balance at
1 April 2019
Incoming
resources
Resources
expended
Balance at
1 April 2020

£
£
£
£
Fixtures and fittings
6,326
-
(2,968)
3,358
ESOL
8,357
29,673
(23,206)
14,824
Pension Fund
17,394
-
-
17,394
Sister Anne
7,467
1,780
(521)
8,726
Better Start
27,368
154,440
(169,117)
12,691
Reach IT
4,997
3,508
(8,505)
Access Fylde Coast
297
20,396
(17,692)
3,001
ESIF
2,076
-
(2,076)
-
Awards for All
-
6,300
(715)
5,585
Community Hub Fleetwood
-
50,000
(14,340)
35,660
EIC (Economic Integration Group)
-
10,000
(9,601)
399
LCC Lancs ICT Refugee library
-
-
-
-
Strenthening Communities
-
-
-
-
NAV & CA local intelligence
-
-
-
-
Fylde L/F
-
-
-
-
SPLW
-
-
-
-
Be Friend
-
-
-
-
Sundry interest
-
-
-
-
74,282
276,097
(248,741)
101,638		 Movement in funds
Incoming
resources
Resources
expended
Transfers
Investments
gains/losses
Balance at
31 March 2021
£
£
£
£
£
-
(584)
5,170
-
7,944
30,926
(45,750)
-
-
-
-
-
-
-
17,394
3,300
(508)
(1,316)
-
10,202
177,440
(147,788)
-
-
42,343
-
-
-
-
-
5,088
(8,089)
-
-
-
-
-
-
-
-
-
(5,585)
-
-
-
-
(25,602)
(1,786)
-
8,272
-
(399)
-
-
-
9,995
(9,995)
-
-
-
16,895
(11,763)
(517)
-
4,615
3,000
(3,000)
-
-
-
1,000
(201)
-
-
799
82,572
(41,223)
(1,551)
-
39,798
39,523
(15,417)
-
-
24,106
18
(18)
-
-
-
369,757
315,922
-
-
155,473

VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

14 Restricted funds (Continued) The purpose of the main restricted funds was:ESOL - provision of Community Liaison Support to aid the resettlement of Syrian refugee families. Better Start - provision of an Early Years Volunteer Academy for Blackpool Better Start. Strengthening Communities - provision of employment support services. SPLW - provision of Social Prescribing Link Worker support for NHS patients. BFriend - provision of a COVID-19 telephone befriending service for people who are isolated, lonely or suffering with poor mental wellbeing.

VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

15 Retirement benefit schemes

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. The contributions payable by the company for the year were £7,558 (2020 : £5,012).

Defined benefit schemes

The company operated a pension scheme providing benefits based on final pensionable pay which commenced on 1 April 2013. None of the current employees are members of the scheme. The assets of the scheme are held separately from those of the company, being invested with insurance companies. There were no contributions to the scheme during the year. There are no active members in the scheme and as such the company is not required to make any contributions in respect of future service. The assumptions which have the most significant effect on the results of the valuation are those relating to the rate of return on investments and the rates of increase in salaries and pensions. It was assumed that the investment returns would be 3.7% per annum, that salary increases would average 2.5% per annum and that present and future pensions would increase at the rate of a maximum of 2.7% per annum.

The pension charge for the year was £Nil (2020: £Nil). The company is taking advice on the closure of the scheme now that all employees have left. The last actuarial valuation was carried out at 31 December 2019.

Mortality assumptions

T he assumed life expectations on retirement at age 65 are:

Retiring today
- Males
- Females
Retiring in 20 years
- Males
- Females		 2021
Years
22
24
24
26		 2020
Years
22
24
24
26

The amounts included in the balance sheet arising from the charity's obligations in respect of defined benefit plans are as follows:

The amounts included in the balance sheet arising from
obligations in respect of defined benefit plans are as follows:		 the charity's
2021 2020
£ £
Present value of defined benefit obligations 21,300 21,300
Fair value of plan assets (24,900) (24,900)
Surplus in scheme (3,600) (3,600)

VOLUNTEER CENTRE BLACKPOOL, WYRE AND FYLDE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

16
Analysis of net assets between funds
Unrestricted
funds
Restricted
funds
2021
2021
£
£
Fund balances at 31
March 2021 are
represented by:
Tangible assets
-
7,944
Current assets/
(liabilities)
-
143,929
Provisionsand
pensions
-
3,600
-
155,473		 TotalUnrestricted
funds
Restricted
funds
2021
2020
2020
£
£
£
7,944
-
3,823
143,929
-
94,215
3,600
-
3,600
155,473
-
101,638		 Total
2020
£
3,823
94,215
3,600
101,638

17 Related party transactions

There were no disclosable related party transactions during the year (2020 - none).