**Charity registration number 1135830** **Company registration number 07174573 (England and Wales)** # **CENTRAL SURREY VOLUNTARY ACTION LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 MARCH 2022** ## **CENTRAL SURREY VOLUNTARY ACTION LIMITED** ## **LEGAL AND ADMINISTRATIVE INFORMATION** |**Trustees**|C Gifford - Chair| |---|---| ||M Hicks - Vice Chair| ||S Hubbard| ||P Tajasque| ||R Turner| |**Charity number**|1135830| |**Company number**|07174573| |**Principal address**|The Mayflower (The Point)| ||Lyons Court| ||Dorking| ||Surrey| ||RH4 1AB| |**Registered office**|The Mayflower (The Point)| ||Lyons Court| ||Dorking| ||Surrey| ||RH4 1AB| |**Independent examiner**|F J Wilde FCCA MBA DChA| ||Warner Wilde| ||4 Marigold Drive| ||Bisley| ||Surrey| ||GU24 9SF| ## **CENTRAL SURREY VOLUNTARY ACTION LIMITED** ## **CONTENTS** ||**Page**| |---|---| |Trustees report|1 - 5| |Independent examiner's report|6| |Statement of financial activities|7| |Balance sheet|8| |Notes to the financial statements|9 - 21| ## **CENTRAL SURREY VOLUNTARY ACTION LIMITED** ## **TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT)** _**FOR THE YEAR ENDED 31 MARCH 2022**_ The Trustees present their report and financial statements for the year ended 31 March 2022. 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 governing document, 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) (effective 1 January 2019)". ## **Objectives and activities** Central Surrey Voluntary Action ( " CSVA") seeks to 'Support the Voluntary, Community and Faith Sector (“VCFS”) in Elmbridge, Epsom and Ewell, and Mole Valley'. CSVA has continued to evaluate its work and keep its funders fully informed about the work that they have supported. The Aims and Objectives, as laid down in the constitution of the Company and further defined and developed by the Directors with the support of the staff and volunteers, are set out below and define clearly the actions by which the charitable and public benefit is achieved: - To research and prioritise specific needs of voluntary and community organisations in Central Surrey and develop action plans to meet them, contributing to the monitoring of unmet needs, informing funding partnerships by sharing this information with relevant agencies, including the Voluntary Community and Faith Sector (“VCFS"), and then working with all those groups in the VCFS who can make the appropriate response to fulfil these needs. - To provide services and support to the VCFS and to provide the use of equipment and practical services, information on, and signposting to, appropriate help on organisational issues, information on, and signposting to, appropriate funding streams. - To provide a liaison service promoting cross sector relationships, with support and encouragement to all in the VCFS. -To provide an independent voice for the VCFS in Central Surrey, representing the sector to other agencies, statutory and public to ensure that their voice is heard and that a comprehensive response is given. - To contribute to strategic partnerships and to encourage the local VCFS to have a closer relationship with statutory, public and private partners, ensuring that accurate and comprehensive information is relayed to the rest of the VCFS in Central Surrey. - To provide an effective and accessible Volunteer recruitment and placement service, ensuring Best Practice in the management and support of Volunteers in the VCFS in Central Surrey. - To develop a volunteering ethos in Central Surrey via liaison work with schools, businesses, public bodies and any other relevant agencies. - To create an efficient organisational infrastructure; a fair, supportive, and safe working environment; clear and effective financial management. The Directors confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Charity's aims and objectives and in planning future activities. The figures for Total Incoming Resources and Charitable Expenditure in the Financial Statements do not fully reflect the total resources made available to and utilised by CSVA. Very significant resources of valuable time and skills are provided by volunteers who work to support CSVA's Volunteer Centres, particularly during 2021/22 due to the ongoing environment caused by the COVID pandemic. We were supported by 40 volunteers to deliver shopping services over 12 months and 6 volunteers to deliver administration and volunteering advice. Charity accounting protocols do not currently permit the recording of this volunteer time in the Statement of Financial Activities. However, FRS 102 does suggest that some sort of indicative value be put on the value of volunteers' contributions and in the case of CSVA this would be the equivalent of two extra full-time staff members. As stated also elsewhere, the Directors are unpaid; it is considered that their services represent the equivalent of an average of at least one day per week of professional service. - 1 - ## **CENTRAL SURREY VOLUNTARY ACTION LIMITED** ## **TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_ ## **Achievements and performance Review of the Charitable Activities for Year 2021-22** It has been another very busy year for all the staff and volunteers at CSVA. Facilitation and support services continue to be delivered to the voluntary, community and faith sectors. The following list shows examples of CSVA's activities over the year taking in to consideration the COVID -19 pandemic: 1. Continued delivery of the "Aspire" project, which helps vulnerable people move into voluntary and employed work. We have supported online and via telephone as COVID restrictions were in place as the restrictions have eased, we have offered face to face appointments. This has made delivery of the service easier. 2. Advice and information to local voluntary organisations on funding sources and applications as well as on governance, constitutional matters and public health COVID guidance. 3. Collaboration with local Health and Social Care partners providing voluntary support for vulnerable people. In particular providing volunteers to vaccination hubs, and shopping service. 4. Developing voluntary support for social prescribing referrals. 5. Continuing and further developing our Disclosure and Barring Service (DBS) facility for local organisations. 6. Working to improve the online volunteering database offer in conjunction with others, particularly as it affects local organisations. 7. Encouraging Corporate Social Responsibility. Working with corporate organisations to deliver support in their communities 8. Promotion of volunteering opportunities through our website and our social media presence, as well as through local social outlets such as Surrey Libraries both in Epsom and Ewell and Mole Valley. 9. Regular distribution of the CSVA Newsletter please refer further to the CSVA website. www.centralsurreyvoluntaryaction.co.uk 10.Working with the Mid Surrey Valuing People board and with the Patient Advisory Network for Surrey Downs Clinical Commissioning Group ("SDCCG"). 11. Providing Training for the sector. 1 2 . Undertaking a shopping service for shielding people: 900 shops completed by 40 volunteers 1 3 . A funding and sustainability advisor role - with bespoke searches and templates for individual organisations. 1 4 . Covid Champion networks in Elmbridge, Epsom and Ewell and Mole Valley. 15. Working with Helpforce and Surrey Downs Health and Care Partnership developing a volunteer project for the frailty pathway in Epsom. The Point in Dorking, in line with COVID restrictions remained closed to the public but continued to be a vital resource as office accommodation to our tenants. Computer classes and wellbeing sessions resumed as soon as restrictions were eased. A new enterprise, The Community Wardrobe, has been operating once a week to offer free clothing to the local community. The Point continues to be used as a Polling Station by the District Council. Elmbridge and Epsom Volunteer Centre continued to provide valuable advice and support for volunteers and voluntary organisations in the Boroughs through online and telephone support until the buildings were reopened for limited access and we were able to offer booked appointments. Volunteer Centre Accreditation certificates for both the Volunteer Centres were awarded in July 2016. The accreditation has been extended until March 2023. In the year, the Centres have referred on 787 people and have placed 312 volunteers. - 2 - ## **CENTRAL SURREY VOLUNTARY ACTION LIMITED** ## **TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_ ## **Financial review Results of Operation** The Directors are continually reviewing the possibilities of both increasing core and non-core funding and economising on costs. ## **Reserves policy** The Company had previously adopted a reserves policy which aimed to achieve and maintain a level of unrestricted reserves which represents at least twelve months' expenditure and had been making good progress to this objective. It is considered that such reserves are required to: - Cover staff redundancy costs in the event of closure . - Bridge the timing difference between the start of each financial year and the receipt of core income. - Provide funds for unexpected contingencies including further unannounced reductions of funding. ## **Financial Statements** It is the Directors' view that practically all the Company's e xpenditure relates to charitable purposes. Time spent by staff on governance and fundraising is too small to measure. Directors are unpaid and provide advice on governance, strategic and operational matters on a voluntary basis. Except as detailed in the Financial Statement s, CSVA has no deficit on any of its funds and it does not hold assets. There has been no change in accounting policy this year and there is no subsidiary undertaking; there are no investments. ## **Principal funding sources** The Directors of CSVA would like to take this opportunity to thank Epsom and Ewell Borough Council, Elmbridge Borough Council, Mole Valley District Council, and Surrey County Council for their continued support in their core funding for the organisation. This support is greatly valued by all the Directors, staff and volunteers who carry out the work of CSVA. ## **Risk assessment** The Directors make a regular review of the major financial risks to which CSVA may be exposed and the ways in which such risks may be mitigated. CSVA applies prudent policies in its financial operations, with any significant expenditure requiring formal authorisation by the Directors. Appropriate insurance cover for the charity is ensured by the Directors. - 3 - ## **CENTRAL SURREY VOLUNTARY ACTION LIMITED** ## **TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_ ## **Plans for future periods** ## **Future plans** The extended period of the COVID pandemic has greatly changed the voluntary sector landscape, many organisations and groups only just resuming their activities and many trying to re-evaluate their priorities. - Our staff team worked mainly from home during the restrictions, but we have moved to a hybrid structure which allows for flexibility and efficiency. Our admin volunteers are also offered the same structure. We have a robust telephone and IT system which allows us to work well in this way. - We have downsized our Social Prescribing project and are now delivering the Better Care Fund contract only. We continue to support organisations taking referrals from Social Prescribing and work with Thriving Communities (NAVCA) to enable feedback to NHSE - We have funding to roll out the Fishing and Friendship project again within Mole Valley but accepting referrals from across Surrey . - We will continue to develop a Surrey Downs volunteering project with Helpforce and Surrey Downs Health and Care within the frailty pathway. We will employ a volunteer coordinator on a fixed term contract to support the volunteers. - We have been funded to deliver the funding advisor and sustainability role particularly in Elmbridge and will be looking for further funding for this role. - With Surrey Public Health we will continue to develop the Community Champions Network and projects that give opportunity to deliver the messages to more isolated groups. - W e will continue the "Aspire" Project and to develop opportunities that will support this work. As previously indicated, the Charity is actively exploring ways of increasing its incoming resources and will maintain its firm hold on its cost basis while at the same time recognising the expertise of and the valuable work undertaken by its staff. The staff team and volunteers of CSVA, along with the Directors, will ensure that the services and support for the voluntary sector will continue to be delivered and developed still further for the benefit of the communities of Elmbridge, Epsom, Ewell, Mole Valley and Surrey generally. ## **Structure, governance and management Governing document** The organisation is a charitable company limited by guarantee, incorporated on 2 March 2010 and registered as a charity on 6 May 2010. The C ompany was established under and is governed by its Memorandum and Articles of Association which established the objects and powers of the charitable company; these Articles have been formally amended subsequently to clarify certain governance matters. In the event of the company being wound up Members are required to contribute an amount not exceeding one pound. 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: C Gifford - Chair M Hicks - Vice Chair S Hubbard P Tajasque R Turner F Stephenson (Resigned 5 May 2021) - 4 - TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 New Directors are recruited by recJuthng representatives from organisations in the VCFS sector or for their expertise and this recruilment is carried out by positive action from the Chief Executive. Chairman and cuffenl Directors ol CSVA. All prospective Directors complete a Skills Audit report. This is also used lo help recruit new Directors. New Directors are interviewed by the Chaimian and usualty on8 other Director and introduced to the work and methods of CSVA by assistan￿ from other Directors and the Chief Executsve. If Directors are appointed to the B08rd during the year. they are confimied in appoinknent al the next Annual General Meeting. Current Directors are reelected by a similar protes8 on 8 rotstional ba51s as laid down in the Company's con8litulion. The general rule 18 th81 Directors must ba subject to re- elects'on at 18a51 every three years. Oryanlsatlonal $tructure and managomont oard FinanceoifKer Volunleér Centre MJna6er Dewtychief officeT Volunleer Centre M3na8p.r prtscrlbln8 x 3 Facilities and Volunteer AtfvTsnr Volunteer Ad¥isof Vokmteerj Voluntee Volurteffs Prw Offic Officlal support Regular contsct is maintained wtth Fundern by the Chainnan and thg Chief Off￿r who ￿pOrt regulady to the Directors accordingly. The Trustees report was approved by the Board ofTrustees. (Ttu C Grfford - Chair Trustee CENTRAL SURREY VOLUNTARY ACTION LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CENTRAL SURREY VOLUNTARY ACTION LIMITED I report to tho Twstsas on my exanln8Jon ol th* finanLaal statemgnts ol Central Surr&y vO￿ntaryA¢1fjon Llmitod he Chaiityl forthe year ended 31 March 2022. RMpon•lbllltl•• and ba•1• oe t•port A8 the TnJste&s of Ihe Charity land also its dir¢¢torn for the purF*)ses ol cofflpany lawl you are r88pon8ibl8 for the preparallon of the fina￿￿ stst8ments In 4CLxrfonce wlth th• rnqulrnments of thts Companie8 Act 20CQ (the 2006Acti. H￿n9 8all8lknd rw•W that the Ilnancaal 8t•tèmants of Charlty ara rv)t r•qulrad to bo audlad und8r Part 18 of the 2008 Acl and are eligib￿ for independènt •xanlnaYon, I rgport In respect of my examinalKJn of the Charlty'8 flnandal 8tai0rr￿l3 C8rrhd out u￿10r s8don 145 of IM Ch8rftkn8 A¢t 2011 Ilhe 2011 Act). In carrylng out my •xamlnation I havè f¢41trA•d al the applicabl8 Dlr8cVons g￿en by th• Chfjrlty CorMIls8h)n und•r 8•don 145{5)Ib) of Ihg 2011 A Ind•p•nd•nt •xamln•rf¥ ¥tat•rnont Slnco the Charlty'8 gr088 Income excwd•(1 £250.IXKI yow •xamh)•r nw8t bè a mtrn*èr of a body U81ed In ¥￿tIOn 145 of the 2011 ACL I confirm that l am quaw to undartak• thg 8xamlnollort becausè l am a mombor of IhoAs8oclallon of Charter¢d CèrlffiedAccountan18. whlch Li one of the listed bod1￿. I ha￿ completed my examlnatkjn. I conflmi thal no mattsrs ha￿ com& to my att￿tIon In conne(*on wtth tha fjxamlnatknn glvlng mo cau60 lo belleve that In Ary materhl rn8pocI: a¢counllng rKordB were not kept In re8POCt of tha Ch8rlty 8$ ttyulr￿ by 388 oftho 201XAct', or the flnandal 8tatements do not acctvd th0￿ rKords'. or tho flnanclal 8tateff*nts do not ¢ompty th8 accounllng r•qutromonts of Mctk*n 396 01 th0 2008 Act other than any r8qulrem8nt that th• •¢¢ounts aThl f•tr vl•w l• not a mattar con81d•rnd a8 part of an kndependent examlnaUon.' or thé finond81 statsThnts have not boen pryred In attorfancè *rfth the method8 and prfndpba8 of thg Slat•mnt of Rec0Mr￿nded Praclke for acco￿1￿9 and r•porth)g by charfutss appllcable lo charftle8 pr•palng tholr a¢￿Unts In accordanc• wtth th• Flnand•l Rwrung Standard appllcabl8 In the UK and R8pubUc of Ireland (FRS 1021. I hov• no concernts and have ￿lmO gcrosj no olhgr maltern In connectknn wtth the oxamlnath)n to vthlch att•nllon should b• drawn In th18 report In order to 8nabl• a prop•r und•rntanding of the financi￿ statements to b8 r•ached. F J Wlld• FCCA MBA DChA mer Wlde 4 M8rlgold Drlv Bl$loy Suwrey GU24 9SF ## **CENTRAL SURREY VOLUNTARY ACTION LIMITED** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 31 MARCH 2022**_ |**Unrestricted**
**Restricted**
**funds**
**funds**
**2022**
**2022**
**Notes**
**£**
**£**
**Income from:**
Grants, d onations and
legacies
**3**
139,985
430
Charitable activities
**4**
49,420
256,710
Investments
**5**
794
-
**Total income**
190,199
257,140
**Expenditure on:**
Charitable activities
**6**
192,019
142,337
**Net (outgoing)/incoming**
**resources before transfers**
(1,820)
114,803
Gross transfers
between funds
631
(631)
**Net (expenditure)/income**
**for the year/**
**Net movement in funds**
(1,189)
114,172
Fund balances at 1 April 2021
119,149
19,032
**Fund balances at 31 March**
**2022**
117,960
133,204|**Total Unrestricted**
**Restricted**
**funds**
**funds**
**2022**
**2021**
**2021**
**£**
**£**
**£**
140,415
131,346
1,000
306,130
63,238
182,569
794
60
-
447,339
194,644
183,569
334,356
162,044
178,142
112,983
32,600
5,427
-
(1,800)
1,800
112,983
30,800
7,227
138,181
88,349
11,805
251,164
119,149
19,032|**Total**
**2021**
**£**
132,346
245,807
60
378,213
340,186
38,027
-
38,027
100,154
138,181| |---|---|---| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. - 7 - CENTRAL SURREY VOLUNTARY ACTION LIMITED BALANCE SHEET ASAT31 MARCH 2022 2022 2021 Noto$ Flxgd a880ts Tangible assets Curront assets Debtors Cash al bank and in hand 11 5.540 7.463 12 36.225 229.056 32,443 105,389 265,281 137,832 Credltors: amounts falllng du• wlthln ono year 14 117,0531 (3,5501 Net Current assets 248.228 134.282 Total assets I￿8 cuThent Ilabllltl•8 253.768 141,745 Cr•dltorn: amounts falllng du• •ft•r morn than on• y•ar 15 12,6041 {3.564) Net •880ts 251.164 138.181 Income funds Reslrieled funds Unrestricted fund8- gèneral 17 133,204 117,960 19,032 119,149 251,164 138,181 The company 18 entitled lo the exemptK*n from the audit requirement contained in section 477 of tho Companies Act 2006, for the ygar ended 31 March 2022. The director acknowledges her responsibilities for complying with the requirements of the Compani8s Act 2006 with r9spect to accounting records and the preparation of firhan¢ial strtements. The member3 have not required the company to obtain an audit of its financial 8tstements for the year in question in accordance with section 476. These financlal statements hava been prepared in aco)rdance with the pn)visions applicablg to wmpanigs subject lo the small compan*s regime. The financial stslgmenls were approved by the Trust￿ on ............... ..... C Cifford - Chair Trustso Company Registration No. 07174573 **CENTRAL SURREY VOLUNTARY ACTION LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2022**_ ## **1 Accounting policies** ## **Charity information** Central Surrey Voluntary Action Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is The Mayflower (The Point), Lyons Court, Dorking, Surrey, RH4 1AB. ## **1.1 Accounting convention** The financial statements have been prepared in accordance with the Charity's governing document, 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) (effective 1 January 2019)". 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, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. 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. ## **1.5 Expenditure** A liability is recognised when either a legal or constructive obligation is identified. Irrecoverable VAT is categorised in the same way as the cost it relates to. - 9 - ## **CENTRAL SURREY VOLUNTARY ACTION LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_ ## **1 Accounting policies** ## **(Continued)** ## **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: Fixtures and fittings 25% reducing balance Computers 25% reducing balance 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 the statement of financial activities . ## **1.7 Impairment of fixed assets** At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) . ## **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. - 10 - **CENTRAL SURREY VOLUNTARY ACTION LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_ ## **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** Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. ## **1.12 Leases** Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases. Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to net income/(expenditure) for the year so as to produce a constant periodic rate of interest on the remaining balance of the liability. ## **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. - 11 - ## **CENTRAL SURREY VOLUNTARY ACTION LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_ ## **3 Grants, d onations and legacies** |**Unrestricted**
**Restricted**
**funds**
**funds**
**general**
**2022**
**2022**
**£**
**£**
Donations and gifts
2,501
430
Grants Receivable
122,515
-
Donated goods and
services
14,969
-
139,985
430
**Grants receivable for**
**core activities**
Epsom & Ewell Borough
Council
7,989
-
Elmbridge Borough
Council
23,840
-
Surrey County Council
78,686
-
Mole Valey District
Council
12,000
-
122,515
-|**Total**Unrestricted
Restricted
funds
funds
general
**2022**
2021
2021
**£**
£
£
2,931
3,333
1,000
122,515
128,013
-
14,969
-
-
140,415
131,346
1,000
7,989
7,989
-
23,840
26,338
-
78,686
81,686
-
12,000
12,000
-
122,515
128,013
-|Total
2021
£
4,333
128,013
-
132,346
7,989
26,338
81,686
12,000
128,013| |---|---|---| - 12 - ## **CENTRAL SURREY VOLUNTARY ACTION LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_ ## **4 Charitable activities** |**Charitable**
**Income**
**DBS Income**
**2022**
**2022**
**£**
**£**
Services provided
under contract
27,718
-
Restricted Fund Grants
256,710
-
Charitable rental
income
14,868
-
Other income
1,141
5,693
300,437
5,693
Analysis by fund
Unrestricted funds -
general
43,727
5,693
Restricted funds
256,710
-
300,437
5,693|**Total**
**2022**
**Charitable**
**Income**
**DBS Income**
**2021**
**2021**
**£**
**£**
**£**
27,718
40,166
-
256,710
182,569
-
14,868
14,826
-
6,834
5,000
3,246
306,130
242,561
3,246
49,420
59,992
3,246
256,710
182,569
-
306,130
242,561
3,246|**Total**
**2021**
**£**
40,166
182,569
14,826
8,246
245,807
63,238
182,569
245,807| |---|---|---| ## **5 Investments** Interest receivable |**Unrestricted**|Unrestricted| |---|---| |**funds**|funds| |**general**|general| |**2022**|2021| |**£**|£| |794|60| - 13 - ## **CENTRAL SURREY VOLUNTARY ACTION LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_ ## **6 Charitable activities** |||**Charitable**|
**Charitable**| |---|---|---|---| |||**Expenditur e**|
**Expenditur e**| |||**2022**|
**2021**| |||**£**|
**£**| ||Staff costs|234,392|
187,932| ||Depreciation and impairment|1,923|
1,261| ||The Point - Rent and Rates|46,727|
33,495| ||Quintet - Rent|3,100|
2,375| ||IT and communications|17,947|
14,059| ||Disclosure and Barring Service costs|4,056|
3,434| ||Epsom Office - Rent|14,969|
-| ||Staff training and travel|6,221|
62,002| |||329,335|
304,558| ||Grant funding of activities (see note 7)|-|
32,500| ||Share of support costs (see note 8)|2,953|
1,282| ||Share of governance costs (see note 8)|2,068|
1,846| |||334,356|
340,186| ||**Analysis by fund**||| ||Unrestricted funds - general|192,019|
162,044| ||Restricted funds|142,337|
178,142| |||334,356|
340,186| |**7**|**Grants payable**||| ||||Charitable| ||||Expenditur e| ||||2021| ||||£| ||Grants to institutions:||| ||Active Prospect||5,000| ||Appeer CIC||5,000| ||Mid Surrey Mencap||5,000| ||Cobham Link||2,500| ||Surrey Coalition Disabled People||5,000| ||||5,000| ||Surrey Choices||5,000| ||||32,500| - 14 - ## **CENTRAL SURREY VOLUNTARY ACTION LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_ |**8**
**Support costs**
**Support**
**costs**
**Governance**
**costs**
**£**
**£**
Subscriptions and
Memberships
273
-
General Expenditure
1,705
-
Bank Charges
60
-
Insurance
915
-
Legal and professional
-
648
Independent Examiner's
Fees
-
1,290
Trustees Expenses
-
130
2,953
2,068
Analysed between
Charitable activities
2,953
2,068|**2022**
**£**
273
1,705
60
915
648
1,290
130
5,021
5,021|Support
costs
Governance
costs
£
£
125
-
305
-
69
-
783
-
-
-
-
1,591
-
255
1,282
1,846
1,282
1,846|2021
£
125
305
69
783
-
1,591
255
3,128
3,128| |---|---|---|---| ## **9 Trustees** 1 trustee (2021: 1) had £29 of reimbursed expenses (2021: £255). ## **10 Employees** The average number of employees during the year was as follows: |Management
Charitable Activites
Administration
Total
**Employment costs**
Wages and salaries
Social security costs
Other pension costs|**2022**
**Number**
3
3
5
11
**2022**
**£**
219,927
12,924
1,541
234,392|**2021**
**Number**
3
3
5
11
**2021**
**£**
178,062
9,035
835
187,932| |---|---|---| - 15 - ## **CENTRAL SURREY VOLUNTARY ACTION LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_ ## **10 Employees** **(Continued)** 13 (2021: 14) people were employed during the year. 2 of these people (2021: 3) did not work for the whole accounting period. The total cost of Key Management Personnel for the year was £74,175 (2021: £74,471) including employer's national insurance and pension contributions. Key Management Personnel is defined as the Chief Officer and Deputy Chief Officer roles. There were no employees whose annual remuneration was more than £60,000. ## **11 Tangible fixed assets** |**Fixtures and**
**fittings**
**Computers**
**£**
**£**
**Cost**
At 1 April 2021
28,278
9,762
At 31 March 2022
28,278
9,762
**Depreciation and impairment**
At 1 April 2021
28,071
2,506
Depreciation charged in the year
62
1,861
At 31 March 2022
28,133
4,367
**Carrying amount**
At 31 March 2022
145
5,395
At 31 March 2021
207
7,256
**12**
**Debtors**
**2022**
**Amounts falling due within one year:**
**£**
Trade debtors
25,790
Other debtors
450
Prepayments and accrued income
9,985
36,225|**Total**
**£**
38,040
38,040
30,577
1,923
32,500
5,540
7,463
**2021**
**£**
20,655
682
11,106
32,443| |---|---| - 16 - ## **CENTRAL SURREY VOLUNTARY ACTION LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_ ## **13 Finance lease commitments** Future minimum lease payments due under finance leases: |Within one year
Within two and five years|**2022**
**£**
960
2,604
3,564|**2021**
**£**
960
3,564
4,524| |---|---|---| The charity has entered into a finance lease arrangement to purchase a photocopier. The lease is over a period of five years, the interest rate is fixed at the contract date, the lease is on a fixed repayment basis. ## **14 Creditors: amounts falling due within one year** |**Notes**
Obligations under finance leases
**13**
Other taxation and social security
Deferred income
**16**
Other creditors
Accruals and deferred income
**15**
**Creditors: amounts falling due after more than one year**
**Notes**
Obligations under finance leases
**13**
**16**
**Deferred income**
Other deferred income
Deferred income is included in the financial statements as follows:
Deferred income is included within:
Current liabilities
Movements in the year:|**2022**
**£**
960
5,176
7,989
1,638
1,290
17,053
**2022**
**£**
2,604
**2022**
**£**
7,989
**2022**
**£**
7,989|**2021**
**£**
960
-
-
1,390
1,200
3,550
**2021**
**£**
3,564
**2021**
**£**
-
**2021**
**£**
-| |---|---|---| - 17 - ## **CENTRAL SURREY VOLUNTARY ACTION LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_ |**16**
**Deferred income**
Deferred income at 1 April 2021
Resources deferred in the year
Deferred income at 31 March 2022|**(Continued)**
-
-
7,989
-
7,989
-| |---|---| - 18 - ## **CENTRAL SURREY VOLUNTARY ACTION LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_ ## **17 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: |**Balance at**
**1 April 2020**

**£**
Winter Pressure
-
Covid Shopping Vouchers
-
Carers' Support Walton
277
Veterans' Support Association
2,532
Surrey Downs CCG
-
Surrey CC - Other
2,736
Fishing and friendship
867
Surrey CC - Social Prescribing
-
Health Consultation
3,600
Walking Buddies
348
Time Bank Fund
1,445
Adult Learning Disibilities
-
Community Foundation Surrey
-
COVID Shopping
-
COVID salaries
-
COVID DBS
-
Dorking & Surrounds
-
Earthwatch Europe
-
Tackling Inequalities Fund
-
11,805|**Movement in funds**
**Incoming**
**resources**
**Resources**
**expended**
**£**
**£**
-
-
-
-
-
-
300
(4,650)
-
-
-
(2,736)
500
-
92,646
(92,879)
-
(2,511)
1,500
-
-
-
40,000
(40,000)
18,149
(5,846)
500
(4,388)
22,885
(20,421)
500
(94)
962
(678)
1,000
(1,000)
4,627
(2,939)
183,569
(178,142)|**Transfers**
**Balance at**
**1 April 2021**

**£**
**£**
-
-
-
-
-
277
-
(1,818)
-
-
-
-
-
1,367
-
(233)
-
1,089
-
1,848
-
1,445
-
-
-
12,303
1,800
(2,088)
-
2,464
-
406
-
284
-
-
-
1,688
1,800
19,032|**Movement in funds**
**Incoming**
**resources**
**Resources**
**expended**
**£**
**£**
50,000
-
1,500
(1,033)
-
-
430
-
45,000
(14,914)
4,500
(4,500)
500
(144)
103,366
(87,500)
-
-
1,500
-
-
-
-
-
27,494
(20,245)
1,350
2,294
21,500
(14,154)
-
(119)
-
(184)
-
-
-
(1,838)
257,140
(142,337)|**Transfers**
**Balance at**
**31 March 2022**
**£**
**£**
-
50,000
925
1,392
-
277
-
(1,388)
-
30,086
-
-
-
1,723
-
15,633
-
1,089
-
3,348
-
1,445
-
-
-
19,552
(1,556)
-
-
9,810
-
287
-
100
-
-
-
(150)
(631)
133,204| |---|---|---|---|---| Deficits on specific Restricted Funds are considered to be recoverable from future incoming resources. Accordingly no transfer from the Unrestricted Fund is required at 31/3/2022. - 19 - ## **CENTRAL SURREY VOLUNTARY ACTION LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_ ## **17 Restricted funds** **(Continued)** Winter Pressure: Epsom & St Helier winter support. Carers' Support Walton: Admin support. Veterans' Support Association: Funds management. Surrey CC - Other: 2021 funding for learning disability support and 2022 funding for Covid support groups. Fishing & Friendship: Elmbridge Borough Council support. Surrey CC - Social Prescribing: Social prescribing support services. Health Consultation: Improving healthcare. Walking Buddies: Leatherhead Diabetes walk and talk support. Time Bank Fund: Walton Charity time banking. Earthwatch Europe: fighting plastic pollution. - 20 - ## **CENTRAL SURREY VOLUNTARY ACTION LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_ |**18**
**Analysis of net assets between funds**
**Unrestricted**
**funds**
**Restricted**
**funds**
**2022**
**2022**
**£**
**£**
Fund balances at 31
March 2022 are
represented by:
Tangible assets
5,540
-
Current assets/
(liabilities)
115,024
133,204
Long term liabilities
(2,604)
-
117,960
133,204|**Total**Unrestricted
funds
Restricted
funds
**2022**
2021
2021
**£**
£
£
5,540
7,463
-
248,228
115,250
19,032
(2,604)
(3,564)
-
251,164
119,149
19,032|Total
2021
£
7,463
134,282
(3,564)
138,181| |---|---|---| ## **19 Related party transactions** ## **Transactions with related parties** During the year the Charity entered into the following transactions with related parties: ||**Rent Payable**|||| |---|---|---|---|---| ||**2022**|**2021**||| ||**£**|**£**||| |Walton on Thames Charity|3,825|2,375||| ||3,825|2,375||| ||**Rent and Maintenance**||**Employment**|| ||**Income**|||| ||**2022**|**2021**|**2022**|**2021**| ||**£**|**£**|**£**|**£**| |Age Concern|-|4,725|-|-| |Close family relationship with Key||||| |Management Personnel|-|-|-|15,921| - 21 -