CHARITY NUMBER 1140624 COMPANIES HOUSE NUMBER 07322971
IT Contents of the Flnanclal Stslements Page Report of the TnJ8tee8 Report of the Independ8nt Auditor 9 to 10 Stat•mont of FlnanGI81 Advrti08 11 Balanca Sheet 12 Cash Fk)w Statement 13 Not88 to th8 Ca8h Flow Statement 14 Notes to the Financial Statements 15 to 21
VOICE4CHANGE ENGLAND LIMITED rts of th8 Trustees The trustees who ar6 81s0 dir6ctors of the charity tha purposes of the Companies Act 2006. present their report with the financial statements of the charty for the year ended 31 March 2021. The trustees have adopted the provIsnS of Accounting and Reporting by Charits'es.. Statement of Recommended Practice applicable to charili8s preparfng their accounts in accordance with the Financial Reporting Standard applicable in th6 UK and Republic of Ireland IFRS 102) {èff6ctiva 1 January 20191- STRUCTURE. GOVERNANCE AND MANAGEMENT About Volce4Change England, th• Board, and roqulromonts of a Charlty Voice4Change England IV4CE) 13 8 nation81. membership oryani¥alion providing 8dvoc8cy, services and support for the benefit of the Black and Minority Ethnic IBMEI Sector. It is a registered charity Ichadty Numbar. 1140624) and a company, Ilmited by guarantee (Company Number.. 073229711 For the year 2020 2021, there were 6 trustees.. Neena Samota (Chair), Ila Chandavarkar (Treasurer). K8rt Oxford, Gilles Cabon, lQrS1 Misty and Sado Jlrde. V4CE h8$ tho full range of Poli68 and procedure$ for good governance and manag8menl. a$ recommended by the N8tional Council for Voluntary Organisalions. These are dated and the date of review timetabled. V4CE ha8 Publlc Liability Insurance up to £5,000,000 and Employers Li8billty up to £10.000.000. Our Llablllty Insurances aro revlewad annually to 8n$ur6 that cover 1$ adequato. Organl•atlon•l •truclur• The organisalion is led by the Dlr8clor. Kunle Olulode, who has over811 operatlonal re8pon81bllity for all aspects of the organls8tlon. He r8POrt8 to the Board of Trustees and attends Board meeungs. Formal Board meetSng8 are run at least 4 limes a year. Additional Board meetings are run 88 the need arises. With advice from, and in conlunction wAlh the Director, the 808rd makas d6clsions al)oul govam8nc8 and olhar subsl8nt181 Issues rglaliThJ to V4CE,' as well 85 maintalns over5ighl to ensure that all work is in accordance wlth th8 oty'ecls of V4CE and curTenl legislation, and projects are run according to 8greement8 th funders and In inler88t8 of 818ck and Minorlty Ethnic18ME) sector. Beside5 the Director, there are 10 other staff. V4CE is dlvidod into 3 maln functions: Pollcy, Development and Communlcalions. The Development area covers V4CE grant programme, M8mLrShip and capaaty building support and the Head of Developmanl manages 3 Grants Officer8 and a Mefflbershlp Offlcer. The Head of Communlcall¢>n$ manage$ a Communl¢atlons 0ffi¢8r. Thore are also Project and Finance Officers to manage relevant support functions. V4CE Is usually active In recrulling. Inducllng and supportlng volunteer8 who help wlth different o$pe¢t$ of delivery and adminl$lralion, bul this ha$ boen temporarily halted a$ a r¢$ult of COVID 19. Rl•k man•g•m•nl The Director and 8oard have a rfsk framework to revlew th8 rlsks th8 organlsallon Is 8xposed to. and tske$ $tep$ lo ffjducè or mlnimi$o these rl$k$. Example$ of ri$k$ include ¢hange$ in notional policie$ which could Impact on prolects at V4CE, as well as dsks In terms of reductions in funding available. In 2020 21 a small team of the Dlreclor, the Chair and th& Project Offlcer rewewed the rlsks attached to COVIO 19 to 8n8ur8 that th8s8 w8re managed properly. OBJECTS AND STRATEGY Charitsbl• Objèct8 The object5 in the governing d¢xurnenl of V4CE are.. 1. The promotion of equality and diversity for the publlc benefft by.. al th& elimination of discrimination of any kind whatsoever. indudlng (but not limited to) race. gendèr. disability. sexual orientation. 8ge. rèligion and bèliefs., bl advanryng edUtion and raising awareness in equalty and diversty., cl promoting advities to foster understanding b8hveen people from diverse backgrounds; dl conductltYJ or commissloning rg68arch on equality and diversity Issues and publishlng tha rèSuS to the public,. el cultNating a sentiment in favour of equality and diversity. Pag& 1
E4 HANGE ENGLAND LIMITED Re rts of the TnJste&s rEn 21 The promotion of racial harmony for the public benefit by.. al promoting knowledge and mutual understandSng betMeen different raclal groups; bl advancing education and raising awareness about different racial groups to promote good ralatlons between persons of drfferent racial groups,. andlor cl wothng toward5 the elirnination of discriminatitin on the ground$ of raco 31 To promote social inclusion for the public benefit by working with people in England who are socially excluded on the grounds of their ethnic ongln. religion. belief or creed to relieve the needs of such people and asslst them to Integrydte Into soclety.. 41 Tho dovolopment of tho copicty and skill$ of tho mombors of thg $ocially ond OttinomirAIIy disadvantaged BME Communitse5 in such a way that they are better able to identify, and help meet, their needs and to participate mcrfe fully in swety VS•lon, Ml••lon and Valu•• V4CE vision is for "0 51ronggr and mor• inclu$fv• ¢ivll ety, fit to Ingot tho ngods of BME communitse8'. V4CE misslon Is 'To work towards the vision lo build an Inclusive clvll society fil to meet the needs of BME communitses, and strengthan BME sector organisalions to help them meet the needs of thelr communilles.. V4CE Values are: Faimess.. to treat all indNidual8 and organisations with respect and with an 8ven hand. Innovallon.. lo work In ways whlch are new and craalNe, and which defin8 naw sdutlons to the problems faced by the 8ME sector. Tran$paren¢y= to ensuro that 811 oparotlon$ are ¢1oar. vb8ibl¢. ond hono8t. Transformational.. lo tran8fom our own org8ni8atKJn a8 well as th08e of our partner8 for the better. In order to moet vlslon and mls81on. V4CE ha8 sel the followlng S slrat8glc alms: 1.. To provld¢ leadershlp and re$our¢os to In¢raa$a BME Sector Involv&ment and representatlon In koy decision maklng and policy forums 2.. To Increase 8warene88 and respect of BME Sector role, aclivllles. impact, and added value 3.. To strengthen the BME Sector and raee 8qualSty through direct infrastructure servlce dellvery. advo¢acy and improving infraslruclure provision through parlnership and llabOratIon 4.. To increase opportunities for BME organlsatSons lo develop resource6 and 8ust8Snablllty through enterprise, creatlvtty and sector led grant making 5.. To hamess the BME volce through partnershlp, rèsearch. and ¢sUIta11¢n. lo 8nsure the BME petspecllve is heard In Issues that shape $oclety Publlc B•n•fft When planning and overseeing activities the Trustees have kept in mind the Ch8rtty Commission's guidance on public benefrt. Trustees ensure that the purpose of the charity.. is clearfy beneficial in a way that is idenlthable and capable of being proved by evld8nce, and not based on p&rsonal views benefits the public in general. or a sufficianl saction of the public. and 18 not for parson81 benefrt P•ge 2
voi E4CHANGE ENGLAND LIMITED orts of th& Trustees OVERVIEW OF 2020 2021 PERFORMANCE AND ACHIEVEMENTS Impact of COVID-19 The year 2020 -21 is the year in which the COVID pandemic brought the world into 8 maelstrom of unforeseen challenges. Voice4Change England was amongst the first Insthutions in the UK lo ralse 1$5ues rèlating to th6 discriminatory and drffer8nlial impact tha pandemic would have on alr68dy highly stretched and impacted BME cornmunities. Drafting a keynote artide that landed on the desks of policy maker and politicians across the country we pushed hard for emergency support from funders and donors. BME pgople wgr8 rgcognisod as bging disproportion8tgly affeclgd by the pandemic for a variety of reasons induding race inequalits'es and discrimination,. the high proportion working on the front lines in the NHS. retail, transport, catering and dellverlng other essential services, putting themselves and their family lives at high6r risk of èxposurè 10 tho vlru$.' greater proportlons lin9 In pov6rtyld6prlved 8rea81ovorcrcwded housing etc. The consequence is disproportionate damage for BME people in 8 number of areas e.g., greater levels of homalessn6ss. more in poor housing. Incraasèd unemployment and redund8nde$.' rislng dgbl and greater difficulty In 8¢c95sing daily 85s9nli81s. and poorer a0$8 to he8th sgrvicgs. D18crlminalion w88 8180 documented e.g. no PPE equipThnt given to BME fronuine heatth worker8 and health and Safaty conc8ms ralsed by them that were Ignored. All thi8 led to a huge r180 in demand for 8UPPOrt from BME-led charitie8 and community gTOUP8. Here loo. race inequality has led to sy8tematic underfundlng ol these groups over many years. 65QA of these manage on an average annual tumover of less than £10.000 and thè pandamlc had a damaglng Impact on their ability to ralse In¢omo ¢.9., lo$$ of fund$ from vonue r¢nlal$ and catering provi$lon. 01 equal drfhculty, was providlng seNlces for dl8advanlaged members, where they could not u80 onllno provision. For us al V4CE It meanl a complote $hlft In ro-thlnklng how Infra$lru¢tur¢ Should operato In an emergency The answer was lo transform our small national operation into a Grants Distrlbutor targeting BME organisations. The speed and rigour in which this was done by 8 fanta8tscally gifted and hardworking staff group has been commended by Trustees and noted In Ihls report. Close to £1.3m was admlni$lraled in omerg¢n¢y funding Io ovor 200 group$. V4CE'S Covid partnor$hip fund saw V4CE combine fundlng from Mind, Comic RelieflNET and Sport England, so BME-led voluntary sector organisations could access funds up lo £10,000 for COVID related work. These vital funds slopped many worthy communlty groups from either enduring detrimental funding losses or worst-case $cenari0g. becomlng unviable and golng out of buslnè$s 8rtog6lhtr. 11 helped them meet tha dèm8nd from their beneficlarles and we have many case studies sho%wng Ihg value of thwr work from delivenng f¢)od, providlr¥J support, helplng those wtth mental and physical problems and provldlng a vltal lrfelina. Proloct• and achlev•mont• Below we highlight the key progr8mmes and In18t1ve8 that shaped our actfvrtTr88 and output over the eourse of the yèar. Wt would Ilke to thank our funders and donor p8rtn&rs induding the Indigo Tru$t, MIND, Comic Relief, the National Emergencies Trust, thg National Lottery Community Fund and the Home Office. We would also like to thank our Slrateglc Partners: Black Soulhwesl Netsvork, Migrant Rights Network. Manchester and Lancashiro BME Networks, Raca On tha Aganda, the Musllm Chariti65 Forum. 1. Comlc Rellfrf and Nalk+nal Emorgenclos Trust funded Grants Programmo Fundlng: £495.000 Funding wa$ used to grant aid BME community group$ that wore $tTU9gling lo holp thoir community members who were disproportionately impacted by COVID 19. The urgency of needs and the systematic underinvestment in BME community groups trying to me81 these, can be seen by the sheer volume of applications r8c8ived by V4CE 839 applications out of which we lund6d 39 in tha first round 8nd 10 in the second. 5.8°h of applications. We had to tum d¢)wn many applic8twJns where there Page 3
HAN EEN LAND Re rts of the Trustees was Car need and good proposals to meet need. Solety cause there wa5 not enough funding to gNe. Outcoma$.' Helping the mosf disodvantaged and vulnerable InCree their abilty to meet daify needs such as food, medication, hygiene products etc. Improving qualify of lrfe for housebound people by h8lplng th&m with shopping and dlglt81 Incluslon, e.g. h&lping olderpeople c(xnmunicate digrfally wlth their family m&mb&rs. Reducing isolotion. loneliness &nd p(r m@ntal he8llh through befriending and wellbeing s8rvices. Helping p90plg through improving their understanding and ability lo secure rwhts and bgnefils vit81 seThice preventing expltatIOn 8nd helping P8opI8 avoid destitution 8.9. by claiming the ben8ffts they wer& entitled to. 2. Natlonal Lottery Communlly Fund Covld Em•rg•ncy Grant Fundlng £396,586 Through our NLCF granl wo looked to provide servic08 to the BME sector to h8lp it recover from the impact of the pandemic, provide SUPFQrt lo BAME community groupslcharities impacted by the pandemlc and to provide support to help them address challenges faced by the disproporfjonale Impa¢t of COVID on Iholr b¢roffi¢lary groups. Our programm8 achieved the followiry 5 objective8: 1. Mounting 8 taryeled communications campalgn lo ralse awareness of the polenllal support from fund6rslGovernm6nt In thls dKficull and chall8nglng perfod. and lo hlghllght casa studles of Innovalive, Off'Ve pracuco from thg BAME sector, showing ils Impacl. 2. Building online support to engage BAME group8 and respond lo quests'on8 and requ8st8 fur help 3. Cap8city building service8 offered lo BME groups lo help them 8ecure funding, defin8 and dellver needed seNlces during Ihls crlsls 4. Informallon ¢olle¢ted from BME group8 lo publl$h ovorslghl of tho So¢tor ¢ommunty $ltuaUon during this cnsis, and policy recommendations made lo h8lp the Sector recover and thrive 5. Research done and leaming shared on how the BAME VCS could be developed in the post COVID 19 period, providing a gerfes of consldered opllons deslgned by BAME leaders for funders J. V4CE partn•r•hlp wlth Mlnd Fundlng £131,710 From tho Mind Coronavirus Monlal Health Ro$pon$¢ Fund ICMHRFI £400,O¢XI wonl to organlsallon$ working lo safeguard BME mental hgallh from some of the communities most affected by the pandemic. Mind paid some of these groups diredy based on V4CE recommendatlons and V4CE paid grants from £131,710 gwen by Mlnd In 2020 2021. Of the 800+ appllcalions that we rgceived, 215 were for the MIND component of the fvnd and we funded 42 BME-led organSsalions, 19.5% of applications. 24 of these organlsallons said they would not hav8 8ppli&d lo Mind direcdy. 35 also said they did not think that their project would h8V8 bean fundad through arth&r avenue. This m6Èns that almost all of thè 8ME organisations funded by Voice4Change would not have received lurKlSng frorn elsewhere, and would most likely not havo applled lo the CMHRF without our partnership. Organlsallons valued the added confldence in grant giving. through working wlth a BME-led organisatK)n, like Volce4Change England. Th1$ work directly benefltted 6502 people, an¢J indlrocuy ber0d 8 further 11702 from communltios that have been some of the most affeded by the pandembc. The project5 that we funded were dbverse in many ways and provided culturally sensrknve services to women and gids at risk of domestlc violence- young people stwgling thèir mant81 heath; older adults axperi6ncing scti81 iso18tion'. refugee5, including children, experiencing mU1p18 traumas under lockdown., families on the bread-line., specialist services e.g. for Black Trans people experiencing trauma., people living with complex mental health Issues and long-temi conditions such as ALzh8imer's and d8mentla,' people who found th&ms&lv&s unam0y&d du& to the pandemic: single working mothers- peopl& wth l&aming dCUltI08- projects for communities not reached before 6.g. Orthodox Jewish elderty women.. and more. Page 4
E4 HAN EEN LAND LIMI Re rts of the Trustees Ouicome8.' increased confidence decreased isolation and decreased sttgma around accesslng mental health support. increasing selfwest8em arKI independence through confidence building and employabilty support improving support by providing r8SPite for carers reducing incidents by lackling self-h8m in young women decreased risk of young people joining gangs or being InvVed In anti-social behavk)ur bett8r educatlonal outcomes for young people who ar8 digitslly 8xcludad better online lrteracy across the board. but 85pecially for older adults botter race equalty through culturally sensitive prowsion for BME communities 4. Sport England Funding: £256.000 wlth £125,000 •p•nt In 2020 2021 In participating in the distribution of Sport England funds via thelr Tackling Inequalitses programme, we were aware of many BME organlsallons who would not nonnally provlde physlcal actlvitias, who now recognisad the nè6d lo adapt and provlde this as a rasuh of rislng Inacuvity and rèlated hèalth issue$ Ihrough di¥proportion8le pandomic impact on BME people. Thorefore. one of our main prioritie5 for this fvnd, was lo try and encourage non-sports organisats'on8 lo think of projects th81 would help lo gel Ihelr seNlce u8er group begin to be physlcally actlvo. Oul¢ome$.' Improved ability to 8ddr888 health needs through the provision of 8cce8sible and cutturally sensitive sports and physical activities provision Greater reach to help gome of the most dlsadvantaged e.g. BME women survivors of domesllc violenee. 8ME paople wllh dlsabllllles. young people in naed of a¢tlvlll&s that holp prevent anU- social bghavlour and help wlth mentsl hgalth1s5UeS otc. Greater knowlgdge of innovats've methods used by BME group8 to reach, engage 8nd retaln div8r8e communi1188 in 8FQrts and physical activiti88 Improved. mre effective reach lo Ihoge who have not been engaged In sports or physlcal ocllvilie$', often provided wllh Informathy) to help thom then Ong4 wlth other local provl$lon Igading to greater Integratson Development of18gacy work so the benefrt8 of the project can conunue after project end Improved race equality by reaching and providlng offectlve 88Nice8 for BME people who had not ervdaged in sp¢)rts provlsion 5. Home Offic• ndr•h Communlty Fund IWCFI Rolllng contrnct of £144.623 from D•c•mb•r 2020 to Octob•r 2022: £32.584 In 2020 2021 In November 2020 V4CE slgned a contract wlth the Hoffle Office lo delNor grant support lo charitles and communlty organisalions aidlng vlctims of what was termed Windrush. issues namely drfficulty In proving legal rlght lo reside as immigration systems at arrival were different, and consequent lossas and deportatlons as a result. V4CE felt as a trusted BME-led org8nis8tion, it could help wlth information giving and adminlstr8lion of thé fund, lèodlng lo grant awards th8t could help 8ME cornmunity organlsauons hdp rabse awareness of the available help for affected people through creation of Windrush Schemes that could bring about faster and more effective outcomes for IIM)se looking to be CoMn$8ted for lossesldam8ge or to secure proof of the right to resid8 in the UK. Wo had a huge response lo the grant programmè announcement. The first Ph8se 1 had 79 groups requesting 1,369,497 with a fund amount of £300,000. 14 groups ol the 79 were successfvl wbth a spend of £272,024.15 starting In May 2021. Outcome$.' To April 2021.. Improved awareness of the Windrush CommunKy Fund through V4CE contributlon lo publlcity and o online infomialion events Effèctive r8ach of the programme resulting in 79 applications. Success in distributing Phase 1 grants. 14 organi5alions acros$ tho UK wérè awarded grants to provide support to Windrush wctims and to raise awareness of what they might bp entitled to via Page 5
HAN EEN LAND Re orts of the Trustees the Windrush Scheme {documentats'onl and the Windrush Cornpensats'on Scheme Effective sel up of V4CE monitoring and evaluation systems, with personallsed support 6. Joseph Rownlr•• R•form Trust Fundlnq: £3720 This small project could not be fully implemented In the spr6ng of 2020 due to Covld restrldons and the postponem8nt of Mayor81 eleotion5 until 2021. The fund was for a programme to improve 8ME awareness nationally of the under-repr8sentation of registered BME voters and to seek improvements. This work will now be finished in 20212022. 7. Indlgo Tru•1 Fundlng: £145,000 Tho IrKllgo Trust gove u8 fundlng to holp set up the $y$tam$ ond $tru¢turo$ for gr8nt maklng and provided advice and support for this. This was 8 crucial fund. Organisation3 that had given us funds to distribute, provided administration fees of around 10% e.g. an 8dmini8trab.ve fund of £40,000 for distribullon of a grant fund of £4CQ,000. There was no money glven lor set up. Even wllhoul thls. the admlnistrath)n fund$ ware not suffitlent lo eovèr costs which were mora than double thè amount provided. Wo could only sel up our effective giant making process because the deficit was funded by the Indigo Tru81 grant. Two unra8trl¢ted grants wer8 re¢efvod from the Indlgo Trust In 2020 £125.000 and 20.1)00. The first granl was to sel up the infrastruclurg support and systems for grant making to our sector during th• Covid -19 emergency. The 8econd grant gave u8 addItn81 re80urce8 to bo18ter our IT capability. Overall. thls donation made a critical conlrlbutlon lo our èmergency grant fundlng. Wilhoul11 we would not havo bfron able lo enlor inlo tho delegated agTromertl$ with Cornic Rellef, MIND and Sport England. We are grateful lor the unrestricted nature of the donalbon whlch meant we could cary over the 8urplu8 Into tho next financlal year. Outcomes Crealon of grant maklng functlons wth a grants toam of 3 grant offlcor posts and a team managor. This enabled set up of a functional operation within 3 months of the grant award. Greater ability to provlde necessary IT support. We had underestimated the impact of technical support requlred during the pandem1¢ whlch went up ¢onslderably lo suit homeworking. FUTURE PLANS V4CE develops annual work plans based on the vlslon, mlsslon and strateglc alms Il$t6d above. Thls means that we will continue: Semces lo assist dlsproportionate Impact of COVIO-19 on BME communltles, and help the BME S8clor develop to aid recovery To eollect fèedback from thè BME Sodor to prIor[SO work lo addre$$ key l$$ues Delivery of infrastructure Services to SUPPOrt indNidual BME organlsatlonal developm8nt Key pollcy work for the benefrt of the BME Sector Work to halp BME-led organlsalons secure a sustainable luiure In terms of the last point, V4CE is raplY buildlng servlcos to help organisalions divorsify income and have better access lo social Snvestment. This will mean the Introduction of a vast range of measures from contribulng lo development of a ring-fenced endowment fund for BME organisalions as w811 as work with partners to build nèw resourc65 and activibes for encouraging èntèrprisè and activism. Page 6
VOICE4CHANGE ENGL4ND LIMITED rt5 of the Trust8es RESERVES As of the 31sI March 2021 the Charity has r8seNes of £484,198. HcA¥ever, the larg&r part of this is restricted {£344.3701. This 15 because programffl85 like tha COVID Grant5 Prograrnm8 run through to the next year 202112022, $0 these reserves will be spent by the end of that year. In terms of real reserves. the Charity has unrestricted reserves 01 £139,828. The Charity feels this w511 cover the costs of closing down liabillties (includlng redundancy and penslon liabillty costs). The Trustees also aim to maintain gènèral reserv85 to cover at least 3 months running costs lan additsonal £SO.875 por month). Accordingly, the organis8b.on is looking al strategies for increasing unrestrioted funds. Voice4Chang8 England holds reserves according to ils Reserv8s pdicy, which is in line with NCVO and Charity commisslon guidance. In 202012021 Volce4Change England dld no fundralslng In tenns of gOra1 appeals lo the public. All Incoma was through grants. KEY REMUNERATION POUCY V4CE has a policy of paying staff accordlng lo the k)cal pay condltions commensurate for a parucular posltlon taklng Into account r6sponslbillll68 and skills unique to that posltlon. Pay levels ar8 pgrlodicalty rgvlwod ag8ln$t oth•r ¢tOria $uGh 85 inflatlon l•vo18. REFERENCE AND ADMINI8TrATIVE DETAIL8 R•gl•t•r•d Company numb•r 07322971 (England and Wales) R•gl•t•r•d Ch•rlty numb•r 1140624 Tru•t••• N¢ona Samola {Chalr) Ila Chandavarkar Karf Oxford Kiril Mislry Gille$ Cabon Sado Jlrdo 3•nlor Manag•m•nt T••m: Mr Kunl6 Oluled8. (Director) R•gl•tsr•d offl¢•: K05mos Cenlro, 3rd Floor, 2c Falkland Road, Kenllsh Town, London NWS 2PT Audltorn: Cansdales Audit LLP Bourbon Court, Nightingales Corn8r, Llttle Chalfonl$, Bucklnghamshlre HP7 9QS Bank?r•: Unlty Trust Bank 9 Bridley Place, BimiirKJham B12HB P#g6 7
STATEMENT OF TRU8TEES' RESPONSIBILMES The Trustees (who are also the directors ol the Voice4Clwe Engl compary . Rwthred Company Number. 07322971 for the FMJTp85 of company IBW) are r88ponsible for prnparing the Report of Ihe Truslees and the financaal statements in accwdance with appticable law and regulalb)n. Company baw requlres the TnJ5tees lo propar& financial slal•ments lor eh financial yeaf which give tnje and fair vlow of the stats of affalrs of tho charitst4e coryany of the incoming rosources and 8pplScation of resources. indudlng the income and oxpendtture of th8 charilable company for that poylod. In Fweparing thw finandal statem•nts, the Tru8t•os ar• rnquY$ to: ' sure sultsble accountirrfd policies ore sele¢knl 8nd thon aFpty Ihem consistenty. • ensure accounts obserye the methods and wnciple8 In Iho Chanty SORP: ' 8n5urn accounts mako judgements and estimates that are reasonable and prLMYont; ' stste whether appluble UK accounts.ng Standards have baen fdkrd. 8ubAact lo any m•iol departures d56closed and explained in the financkgl stalemnts; . on$ur¢ that flnanoal slalem8nts havo boen prepared on a going (ncam ba•b•. Tho tru8tett am re8pon8lbl• for keapkng woper ao))unlkng r•wrds whlch d18ckAo wh re88Cm accuracy at any bme the fin8nclal POGiton of the charitable company and to enable thom to onsw• that the financial slatements c(ryty th the Compan8 Act 2006. They we olso responsitle fty safeguarding th• assets of the chantsble CpanY and hence for 18king reason8bla sleps for tho prfrvenllon and dotectlon 01 fr8ud and other Irregulwttb•8. STATEMENT A3 TO DISCLOSURE TO OUR AUOtfoRS In so far as the Tru$tees are aware at the time of approving our trustees. annu81 rep)rt. thern Is no relevont audkt infrnlwJn {as defined by sed1( 410 of the Companies Act 20061 ol th• charitable companls auditors are unawaro: and the trustees have taken sleps that IY pht to have taken lo make themselves aware of any reknvanl audtt infomialion and estabmsh thal the ouditors we aware of thal ififom18t1. The truslees have viewed flnancial projection8 for corning yoars and are tl$fied th81 they can 8late tho1 Volce4Chonge Englond18 8 going c1¢•m. AUDITORS The auditors, Cansdal•8 Au¢l LLP, 11 be ryopd lor reWtm•nl •t the forth1 G•nernl Meellng. Thoso Ilnancial 8tatements have been prepared in acccrtd8nce with Ihe proviswJns applcabl• to companles subject to the smdl companles, regime rfthin Part 15 of the Companies Acl 2LKK. APPROVAL Thi8 report was approved by the Board and signed on Its behall by.. NMn• S01* Chalr
Ra ort of the ind8 endent Auditors to the Mernbers of OpSnlon We have audrted the financial statements of VOICE4CHANGE ENGLAND LIMITED {the 'charitable cornpany,) for the year ended 31 March 2021 which comprise the Statem8nt of Financial Activities, thg Balance Sheet, the Cash Flow Stal8ment, and notes lo the financial statements, including a summary of significant aCcntIng policies. The financial reporting fr8mework that h8s beèn applied In thelr preparation Is applicable law and United Kingdom kcounting Standards (Unrted lfjngdom Generally Aepted kcounting Practice). In our onIOn the fin8nci81 statement8'. give a trua and fair view of the stale of the chadtable companys affairs as at 31 March 2021 and of its Incoming r8sourc6s and applicatlon of r68ourc68. Indudlng its incoma and axp6ndilure. for tha year than ended., have baen prorIY prepared in acL7)rdance wlth Unbted Klngdom Generally Acceplod Accounting Practice: and have be8n prepared in accordance with the requirements of the Companles Act 2006. B••l• for oplnlon We conducted our audit in accordance with Intemats'onal Standards on Auditing IUKI {ISAs IUKII and applicable law. Our responslblltiies under those standards ar8 further descrlbed In the Audltors, responsibilrties for the audit of the financial 8letemenl8 sectK)n of our reporL We are independent of the charitable company in accordance wllh the ethScal requirements that are relevant lo our audit of the financial stal&m6nts In th6 UK. including th6 FRC'S Elhlcal Standard. and we have fulfllled our other ethlcal responsibilrties in accordance with these requirement8. We believe that the audrt evidence we havo obtained Is sufflclent and approprlate to prode a basls for our oplnion. Conclu•lon• rnlatlng lo golng conc•rn In audlling the financlal slatemenls. we have concluded that the tsust883' use of the golng concem ba$l$ of a¢¢ounling In tho preparatlon of th¢ finan¢ial $taloment$ 1$ approprlale. Based on the work w6 have perfomied, we have not Idented any malerfal uncertalnlles relatlng to events or conditlons that, irKllvidually or collectively, may cast sSgnificant doubl on the charitable company'5 abllity lo continue 88 a going concem for a period of al least Iwelve months from when the financial 8t8temenl8 are aulhorlsod for issue. Our responsibilities and the responsi1lItie8 of the tru8t888 With respect lo golng concem are de8crObed In the relevant $o¢llons of this report. Oth•r Infomiatlon The trustees are rosponslble for tha otror Informatlon. Tha otfror Infomatlon comprisas the Infomiallon included in the Annual Report, other than the flnanclal Statements and our Report of the Independent Auditors ther80n. Our opinion on the financlal statements does not cover the other infom)alion and. except to the extent oth¢fWi$¢ expli¢lUy $taled in wr roport, we do ml 8xpro$$ any form of a$$uran¢& ¢on¢lu$ion theOft. In connection wlth our audit of the flnanclal statements, our responslbilty Is lo read the other Infmation and, in doing $0, con$ider whether the other inforrnation 1$ materially in¢on$i$tont with tho finoncial statements, or our knowledge obtalned in the aud or otherwise appears lo be materially misslaled. If we idèntify such material inconsistencies or apparent material misstatemants, w6 ar& required to del&mine whether this gives nse lo a rnalerial mi5slatement in the finanaal slalements themselves. If, based on thè work we have perft)rmed, we conclude that there is a material misstatement of this other Infomiatlon, we are required to reFK)rt that f8Ct. We have nothing to report in this regard. Oplnlons on oth•rmatt•rs pr•%crlbod by tho Companlos Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the inft)rmation gNen in the Report of the Trusle8s for the financial year for which the financial stalernents are prepared is consistent th the financial statements; and the Report of the Trustees has been prepared in accordancè with applicablè1o9al requiroments. Page 9
Re ort ofth8 inde 8ndent Auditors to the Memb8rs of ICE4 HAN E ENGLAND LIMITED Matt•rd on whlch w• aro r•qulr•d to rnport by •xceptlon In the light of th8 knowledge and understanding of the charitable company arKI its environment obtsined in the course of the audit. we have not Identlfied material misstatements in the Report of the Trustees. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to r8kKJrt to you rf. in our opinlon.. 8dequatg accounting records havo not bogn kopt or rgtums 8dequate for our audil havo not bean received from branches not visited by us; or the financial stal6m6nts are not in agra6mant wth the accountlng records and retums: or certain disclosures of trustees, rernuneratn specified by law are not made,. or we have not receN8d all the Infomatlon and explanatlons we requlre for our audlt. Responslbllltles of trustees As explained more fully In the Statement of Trusteas, R8sponsibl1e5. the trustees Iwho are also tha directors of the charitable company for the purposes of company lawl 8re responsible for the preparation of the finanal statements and for being satisfied that they give a true and fair vlew, and for such intemal contrd as the trustee3 determine Is necessary to enable tho preparation of finan¢ial $talem6nt$ that are fr00 from matenal misstalemenl, whether due lo fraud or error. In preparing tho financi81 statements. Iho Irusto0$ are ro$pffi$lblo for 4$$0s$1ng the ¢haritAblo comp8nV$ ability lo continue as a going concem, dlsdosing, as applicable, matters related lo g(xng concern and using thè gdng concem bas1$ of accounting unlass the Irusle6s althar Intond to Ilquldale the ¢harltablo ¢ompany or to cease operations, or have realistic altemative but to do so. Our r••pon•lbS1111•• for lh• audlt of thg Ilnanclal •tstern•nt• Our objects'ves are to obtain reasonable assurance about wh8lher the financial 8tatemenl8 are free from material mlsststement. whelhar due lo fraud or error, and lo Issue a Rewt of the Independanl Audltors that Includes our opinion. Reasonable assurance is a high lev81 of assurance but is not a guarantee that an aud conducted in accordance with ISAS {UKI will always detect a material misslal8ment when 51 exists. Mlsstalemenl$ can arlse from fr8ud or èrror and are eonsld&red materfal If. Indlvldually or In the aggregate. they could roa50nably bo oxpected lo influgnce the economic decisions of u80rs taken on the basis of these financial statements. Irregularitie8, Including fraud, 8r8 in8lanc08 of non-compllance with laws and regulatlons. We deswn procedures In Iln8 with our responsiblllties. outlined above. lo d8tecl material mlsstalemenls In respect of Irregularities, Including fraud. The extent to which our proceduros are capablo of detecting irTOgulanlie8. Including fraud18 detailed bek)w'. A further d8scrlption of our responsibSlMes for the audlt of the financlal statements Is located on the Flnanclal Resx)rting Councll's website 8t vA¥w.frc.org.ukJauditorsresponsibiliti8s. Thls d8scription forms part of our R•pJrt of tho Indopondonl Audllors. U$• ol our r•port This report 15 made solely to the charSlable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit vmrk has been undertaken so that we mlght glale to th8 tharitablo ¢ompany's m?mb?rs those matters we are required to $tote lo thom In an auditors, pOrt and for no other purpose. To the fullest extent permbtted by law, we do not accept or assume resFonsibility to anyone other than the chartiable company and tha eharitabl6 companls members 8s a body. for our aud V•vrf(. for thls reporL or for the oplnions we have formed. Jam•s Fo•k•tt {S•nior Statutory Audllor) for and on behalf of Cansdales Audit LLP Bourbon Court Nightingales Comer Little Chalfonl Buckinghamshir8 HP7 9QS Date.. Page 10
VOICE4CHANGE ENGLAND LIMITEO Statement of Financial Activiti85 2021 Total funds 2020 Total funds Unrestrlded funds Restricted fund Notes INCOME Donations 153.829 1.312.606 1.466,435 54.335 EXPENDITURE Raising fvnds 14,195 14,19S Charltable AdvltS8s 6.774 971.318 978,092 50.719 Total 20.969 971.318 992.287 51,307 NET INCOME 132,860 341.288 474.148 3,028 RECONCILIATION OF FUNDS Transfer of funds Totsl fund• broughl forward 6.968 3.082 10.050 7.022 TOTAL FUNDS CARRIED FORWARD 139 828 Tho Statement of Flnancial Act1vll8 al60 complles wlth the requlremenls for an Income and expendllur• account under the Compani08 Act 2(M)6. CONTINUING OPERATIONS None of the charity S a¢tivilies were Inltlaled or dl$¢ontlnued durlng the abovo financlal pedod$. TOTAL RECOGNISED GAINS AND LOSSE8 The charity has no recognised gain5 OT losses othar than the abovè rMvam•nl In fund$ for th• above financlal perfc*J8. The notes on pages 15 to 21 fomi part of these financial statements Page11
Sh 2021 2020 FIXED A88ET8 Tanglble asseti 8.155 CURRENT A88ETS D•btorn Cash •t bAnk ond In harKI 12,401 514.526 15.806 CREDITORS Amounts Iolllng du• wllhln cn• y••r 10 (38.483) {5,756) NET CURRENT A8SET8 TOTAL A88ETS LE88 CURRENT LIA8IUTIE8 484.198 10,050 NEf A88ET8IILIAOILrrie8) FUND8 Unrostrhct•d fund• R•ildcl•J funds 12 139.828 TOTAL FUND8 Th• Tru8t•e8 ha pr•p•r•d •ccounti kn •cwd•nc• wllh Soctlon 398 01 the Comp•nbo• Act 2006 and S•ctlon 138 of the Charltles Act 2011. These accounts are prepared In 8ccor(lan¢• wblh the 8podal provlslons of Part 1 S 01 the Companl•a Act relan9 to Small cornpanles •nd con8litulo th• annual acc¢xmt• r•qulred by the Compan1•8 Act 2006 and are lor drculotk)n lo members ol tho (x)mp•ny. •nd w•r• •lgn•d Its b•h•N by.: Th••• aCCnI• vMr• approv•d by the Board of TNot••• on N••n• 8•mot• c1r 241051 oz
VOICE4CHANGE ENGLAND LIMITED sh Fl nt 2021 2020 Note$ Cash Ilows from op•rntlng actlvltl•• Cash genoralgd from opgrations 520 712 Ngt ¢a$h provided byllusod in) operating a¢tivitio$ 520 712 2.915 Cash Ilows from Invostlng actlvlllos Purchase of tangible fixed assats Net cash (used Inyprovlded by Investing acuye8 9.591) Change In cash and calh •qubval•nts In th• rnportlng porfod Cash and ca•h •qulval•nts at th• b•glnnlng of th• r•portlng p•rlod 511,121 2.915 490 Ca•h and ¢4sh •qulval•nt• at th• •nd ol th• r•portlng p•rlod 514 526 The notes fomi part of these financial statements Page13
VOICE4CHANGE ENGLAND LIMITED h Flow lat men RECONCIUATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2021 2020 N•t In¢om• for th• r•portlng p•rlod (u p•r th• Stat•m•nt of Flnanclal Actlvltlosl Adjustmonts for- Add back.. Depreciation Decreaselllncreasel in debtors IncreasellDecreasel in credilc 474,148 3,028 1,436 12,401 11,0481 935 N•t ¢a•h provid•d byl{us•d In) op•ratlon• 520 712 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.20 Cash flr2 At 31.3.21 Not ca•h Cash at bank 8rKI In hond 511 121 514 526 511 121 514 528 Total 511 121 514 526 Tho note$ form part of the¥e financial ¥tatem8nts Page 14
VOICE4CHANGE ENGLAND LIMITED Notes lo the Financial Statement ACCOUNTING POLICIES 1.1 Basls ol prnparfng the flnanclal staloments The flnanc181 stal6ments have baen prepared In accordance th Accounting and R&porting by Charthes.. Statement of Recommended Practice applicable to ¢h8rities pr8paring their accounts in accordance with the FSnancial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 leff6ctiva 1 January 2019) - ICh8rity SORP IFRS 1021. Th6 Finanaal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 ar the Companies Act 20. Voice4changa England Limitad m001s th• daflnilion of a public b6nafft entity undef FRS 102. The financlal slatam&nts are prepared In sterling. which Is the functlonal currency of the charlty- Monetary amounts in these financial statements are rounded to the nearest £. Thg accounts (financial ¥tatemenl¥l have b80n prgpared under th8 historical co$t nventIon with items r8cogni5od at cost or transacts'on valu8 unless otherwise Staled in th8 relevant nolelsl lo those account8. 1.2 Proparallon ot account• on a golng conc•rn ba•li Tho Charity $ Fln8ncl81 Slataments show nèl $urplu$ of £474,148 for the year and fréé re$èrve$ of £131,673. The trustees are of the view that these resutts have Secured the immediat8 future of the Charfty for the next 12 to 18 months and on this basls the Charty Is a going concern. 1.3 Incom• l incoma Is Indudod In tha SOFA when tho ¢harlty 1$ lagally anlltlod lo , re¢elpl 1$ Probable. and Ihe amount can b8 measured wlth 8ufflcient reliabilty. Gr•nl In¢omo Grants are credited to the SOFA vthen the ch8rity 18 entitled to the fund8. In)Me 18 only d8ferr8d where ther6 are Ilme conslr8inls Imposed by the donor or W the fundlng is perfom8nc8 related. Where entmement to gr8nt8 receIvae Is dependent upon fulfilment of condltions viilhln the charlty. control, the In¢om& 1$ re¢ognlsed whèn there Is $uffi¢l¢nt evlden¢e that ¢ondltlon$ wlll ba met. Grants supportlng the cor8 avItIeS of th8 charlty and wlth no spedfic r8strldon8 placed upon thelr use are included within donations and legacies. Grants that have specific r•strldons placed upon their u8e are included within income from chanlable activrtie8. Donatlon• and1ggaclo• Donats'ons 8re recognised In the perlod in whlch they are receiv8d. Legacy income Is recognlsed when tho charity's enltlement is ludgod to bg probable and where the amount can be rellably measured. 1.4 Volunt••rA and donat•d s•rvlc•8 and facllltl•8 Donated professional services and donated facillties are recognised a5 income when the chaTIty has control over the item. any condrtions associated wth the donated item have been met, the receipt of enamIC benefit from the u$& by the charity of the rtom 1$ probable and that economi¢ bonefil Can be measured reliably. In accordance wth the Chanlies SORP IFRS 1021, the general volunteer lim8 Is not racognisèd and refèrs to the trustees. annual raport for morè information about their contributK)n. On receipt. donated professional serwces and donated facilibes are recognised on the basis of the Value of the gift to the charity which is the amount the charity would hava beèn willing to pay to obtain serwces or facilities of equivalent economic benefit on the open market., a corresponding amount Is then recognised in exPendUre In tha perfod of receipt. No such donations ware receiv8d dudng th8 year. Page 15
E4CHAN EEN LAND LIMITED in ACCOUNTING POLICIES - contlnu•d 1.5 Expenditur• r•cognilion and irrocovorable VAT EXnditure is recognised onc& there is a legal or construct8 obllgation to make a paymant to a thlrd party, it is probable that setuement will be required, and the amount of the oUigation can be measured reliably. Expenditure is classffied under the following acts'vity headings.. Cost of raising funds comprises the cost of seeking grants and donations and their 85sociatsd support costs. b. Expenditure on charitable activities include expenditure assccialed with the main objectives of the Charity and include both directs costs and their a8socialed support costs. ¢. Irrecoverable VAT Is charged as a cost against the activlty for whlch the expandltura was Incurred. 1.6 Allocatlon of 8UPPOrt co•ts Support costs are those functions that assist the work of th8 charity but do not direcuy undertake charitable activiti'es. Support costs include back-office costs, management, finance and administration porsonnol. payroll and govemance costs whlch support the charlty'$ progr8mmes ond aclivitias. These costs have been allocated between cost of raislng funds and expenditure on charitable 8clivilie5. The ba518 on which support Costs have been allocated aro sel out in nole 4. 1.7 Fund8 8tructUf• The general fund compr1888 th08e monl88, thlch may be used toward meeting the charhablo oble¢Uvo$ of the company al Ihe dl6¢rellon of the Execut Commlttoe. The de81gnated funds ar8 mon188 $8t asldè out of general fvnds and dè81gnatod for Speclfic purpo888 by the Exe¢ullve Commhtee. The restrfcted funds are moni88 raised for, and thelr u8e restricted to, a speclfic purpose or donation8 subfvcl to donor4mposed condltlon8. 1.8 Tanglble flxod a•sol• and doprnclatlon Tanglblo fixed a$$els are slated al co$1 less depre¢1811on. The cost of mlnor 8ddlllon$ or those cosllng less than £1.000 are not capttalised. Depreciation is provided at rates calculated lo write off the co81 or valuation of fixed assets, le88 their estimated residual value, over Ihelr oxpecled useful Iivos on the following bas6s- Computer Equlpment - 33.33% on cost 1.9 D•btor8 Trade and other debtors are rocognlsed al the settlement amount due after any trade dlscounl offered. PpaYMentS are valued al the amount prepaid net of any trade discounts due. 1.10 Ca•h at bank and In hand Cash at bank and in hand includes cash and short-tem cash deposlts. 1.11 Cr•dltor• and provl•lon• Creditor5 and provisions are recognised whorn the chadty has a prosont obligation r•suWng from a past event that wlll probably resutt In the transfer of funds to a third party and the amount to setue the obligation can be measured or estimated reliably. Creditors and provisions are nonnally recognised al their settlement arnnI after allowing for any trade di$unt$ due. 1.12 Taxallon The Charity is a registered charrty and, therefore, is not liable for Income Tax or CoTporalion Tax on income derived from its charitabla aCtltIeS, as tt falls within the varlous exemptions availabla to islered charities. Page 16
VOICE4CHANGE ENGLAND LIMITED Not8s to the Financial Statement - Continued ACCOUNTING POUCIES - contlnu•d 1.13 Penslon cosls Contributions are charged to the Statement of Financial Activlties In the p8rlod In fjCh they are payabla. The assèts of the defined contribution sch8m6s are hold $8p8rately frcrfn thos6 of tha company in independently administered funds. 1.14 Judgom•nl and koy Sourcoty of otytimation uncortainty In the application of the company s accounting policies, the charity 18 required to make judgments. estlmates and assumpllon8 about the carying amount of assets and liabllities that are not r&adity apparent from othor sources. Thg gstimates and associated assumption3 8rg b83ed on historical experience and other factors that are considered to be relevant. Actual results may differ trom these 88tlmatas. The estimates and underlying a8sumption8 are revlewed on an ongoing ba818. Revisions to accountlng estlmates are recognlsed in the perlod In whlch tha aslimal6 Is revised wh6re the ravlsion affec15 only that period, or in the period of the revision and future periods where the revision affects both current and future periL*Js. Page 17
E4 HAN EEN LAND LIMITED lo the Financial Statement- Contin rEn DONATIONS R•8trict•d Unrnstrictod Funds Funds 2021 2020 Association of Chl&f Ex•cuVe$ of Voluntary Organisalion5 Race On the Aqenda The Institute of Fundralslng Lambeth Borough Council The Indigo Trust Nation81 Communty Lottery Fund Comic Relief & National Emergencles Trust Eoually Ours Mlnd SP{ England The Home Offic8 Windru8h CommunKy Fund Donations & Other Income Thè Runnymède Trust The Joseph Rownlree Refomi Trust 9,986 8,467 10,963 99,900 9.896 22,829 8,467 5,080 10,963 1,800 99,900 145.000 396.586 495,000 1.500 131.710 127.500 32,584 1,809 9,100 1.800 11,806 3.720 3,720 145,0(Xl 396,586 495,IXIO 131.710 125,CKIO 32,584 2,500 1,809 1,800 3,720 Total Donations In 2020 totaled £54,335, out of vthlch. £9,721 wer8 attributed to restricted funds and £44,614 wer8 attn'buted to unrestricted funds. CHARITABLE ACTIVITIES COSTS Ralslng Ch#rltabl• Fund• Acllvlty 2021 2020 Dlrect staff costs Communl¢atlon and IT ¢osl$ Grants and Charitable Donatlons Pah Professional expense8 Premlges and equlpmènt costs Other direct w$ts Support cost5 (Note 41 Govemance costs (Note 41 12,022 222,4IX+ 32.254 561,685 35,418 26,719 58.330 37,638 3,648 234.422 32.254 561,685 35,418 26.719 58,330 39,619 3,840 4,012 1,005 35,905 900 3,750 4,555 1,180 1,981 192 Total Of the £992,987 expenditure in 2021 12020 - £51.3071. £20.969 w88 charged to unrestrfctad fund (2020 - £45.107) and £971,318 to $trICted funds (2020 - £6.2001. Page 18
VOICE4 HAN EEN LAND LIMITED Notès to the Financial Slatem&nt- Continued SUPPORT COSTS The charty inilkglly identffies the costs of its support functions. It then identifies Ihose costs which relate to the govemance funcllon. Govemance costs and other suppc*t costs are apwrtioned saparal6ly balwaèn tha charitys kay activities undertak&n (see note 3) in tha yaar. All the gtsnaral support and govemanc8 Costs have been apportioned to the v8ri0Us charitsble activrties b85ed on staff time allocated lo each activty. G•n•ral Govomanc• Support Functlon 2021 2020 Genor81 office $18ff costs Premises office costs Professlon81 expenses Communleatlons and IT ¢08t$ Miscellaneous expense8 Insurance Other office exp8n$8$ Bad debts Audit & Accounts fees Depreciation 6,011 1,406 3.324 2.891 1,919 483 9.748 12,401 6,011 1,406 3,324 2,891 1,919 9.748 12,401 3,840 1,436 4,255 3,840 1,180 1.436 Total NET INCOMEIIEXPENDITURE) Net incomellexFendlture) Is 81ated after charglng1{credlng}. 2021 2020 Auditors, remun8ratlon Ac¢ounlanGy f¢es Independent Examlnorf8 fees Depreciallon 2.340 1,180 TRUSTEES. REMUNERATION AND BENEFIT8 There wore no trustees, remunerallon or other benefrts for the year ended 31 March 2021 nor for tho year ended 31 March 2020. TRUSTEES, EXPENSES There were no trusteo$' exn8¢S pald for th8 ye8r ended 31 Mar¢h 2021 nor for tho year ended 31 March 2020. STAFF COSTS 2021 2020 Wages and salaries Swal SecurKy costs Pension eosts 223,919 14,439 2,075 3700 312 Totsl 24 The average monthly number of persons employed by the charty during the year was 712020 - 1). Page19
VOICE4CHANGE ENGLAND LIMITED TANGIBLE FIXED ASSErs Computer equipment COST Addillons 9,591 DEPRECIATION Charge for year NET 800K VALUE At 31 March 2021 At 31 March 2020 DEBTORS: AMOUNTS FALLING DUE WTHIN ONE YEAR 2021 2020 Trado dgbtor¥ Other debtor8 6,275 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 2020 Trade crediloTs Other creditors Student Loan Deductlon Penslon Account Aecruals and deferred Income Deferr¢d govemment grants 9,700 16,534 675 3.734 7.840 1,000 1,036 11. ANALYSIS OF NET ASSETS BETWEEN FUNDS R•8trlctod Funds G•n•ral Fund• Totsl 2021 Tangible fixed assets Nat current assets 8,155 131,673 8,155 476,043 344.370 Total Anal1$ of Not Amets Belwoen Funds - Pr•viou• Y•*r R•8trict•d Funds G•n•rnl Fundi Total 2020 Tangible fixed assets Nel current assets 6,968 3,082 10,050 Total Page 20
VOICE4CHANGE ENGLAND LIMITED Notes to th8 Financial Statement - Continued Assoclallon of Chl•f Exocutlvos of Voluntary Organlsallons: The fund was for research and provlde report on diversrty and raclsm in the Voluntary sector. Before Covid-19 hlt home. thls report was calling for th6 ch8rity sector to prioritisè racial and èthnic diversty. equity. and inclusion IDE1}. Additionally, as is made self-evid8nt by the fallout from Covid.19. ther8 is a need to reinv851 in BAME- led charits'es and vil society. In part Ihis is lo hold mainstream charities to account for what they do and don't do lo support and Service BAME populations. But crucially, this investm8nl is also needed to enable BAME-led charitles and clvil society to play a fvll and U81 part in the posl-crlsis reconstruction of tha charity sector and wlder sociaty. Tha alm18 to cr681a a healthy'ecosystem. for thange. Race On th• Agenda: Purposes were to fund V4CE 8ecret8riat funcuon for tho CORE partnership Lamb•th Borough Councll.. Wè have notad from dlscussions Black thriv& and éata pres8nled by the Redress Team, black people and minorities Ère less likely to acc8s$ Lambeth's Children's Homos Redress Scheme. It is proposed that Black Thrive in partnership wth Voice 4 Change develop a navigator model which guides 8pplicanls through the process. We have the reach and capacSty to effectively communicate the existence of the scheme and provide one lo one advocacy where appropriate. Navlgalor model as has beèn slated wlll draw upon the skllls 8nd exp6rt1se offered by Black Thrive and vo9 4 Change England to improve uptake of the 8¢horn9 arKI to onablg opplirAnts to better navigate the proce88. Th• Hom• Offlc• Wlndru•h Communlty Fund: The fund181o dellver grant 8UPPOrt to charltSes and community organlsalons aiding victims of what was tarmed 'Wlndrush" issues namely difficulty In provlng legal right to residg a$ lfflmigralion systgms at arrival werg differgnl. and ¢onsequenl108806 and deportations 83 a result. V4CE felt 88 8 trusted BME-led organisation, il could help with Information giving and administration of the fund, leading to grant award8 that could help BME community organlsalons help rai88 aw8ren888 of the available help for affected people through creallon of Windrush Schemes that could brlng about faster and mora effectlve outcomes for those oklng lo b6 ¢omponsalod for lossesldamago or to $o¢ure proof of tho rlght to ro$ldo In tho UK. Natlonal Communlty Lott•ry Fund: Through our NLCF grant we looked to prowde 8ervlce8 to the BME sector lo help11 recover from the impact of the pandemic. provide support to BAME communty group$l¢harllie$ Impacted by the pandem1¢ and lo provide Support lo help them address chall8ng¢$ fa¢¢d by the dlsproportionale impact of COVID on their b0n¢fi¢i8ry groups. 13. RELATED PARTY DISCLOSURES There were no related party iransactk*ns for the yeor ended 31 Mar¢h 2021. 14. DEFERRED INCOME 2021 2020 Balance as at 1st April Amount released lo income In the year Amount deferred In the year 3,720 13,720) Balance as at 31st March P8ge 21