## **Registered Company Number: 9080083 Registered Charity Number: 1158524**
## **COMMSORTIA LIMITED**
(A Company Limited by Guarantee)
## **FINANCIAL STATEMENTS AND ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2021**
## **COMMSORTIA**
(A Company Limited by Guarantee)
## **Financial Statements For the Year Ended 30 June 2021**
|________________________________________________________________________________|________________________________________________________________________________|
|---|---|
|**Contents**|**Page**|
|Reference and Administrative Information|1|
|Directors’ Annual Report|2 - 6|
|Directors’ Responsibilities|7 - 8|
|Accounting Policies|9 - 10|
|Independent Auditors Report|11 - 14|
|Statement of Financial Activities|15|
|Statement of Cash Flows|16|
|Balance Sheet|17|
|Notes to the Accounts|18 - 21|
**Page 1**
## **COMMSORTIA LIMITED**
(A Company Limited by Guarantee)
**Directors Annual Report for the year ended 30 June 2021**
________________________________________________________________________________
**The Directors present their annual report and financial statements for the year ended 30 June 2021.**
## **Reference and Administrative Information**
**Charity Registration Number:** 1158524 **Registered Company Number:** 9080083 **Registered Office:** c/o Voluntary Impact Northamptonshire 15 St Giles Street Northampton NN1 1JA **Independent Chair:** Carol Phillips **Directors/Trustees:** Alan Armson Mark Major Julie Silver (resigned 01.07.2020) Dave Berry Christopher Duf Carol Phillips **Company Secretary:** David Ward (resigned 01.07.2020) **Auditors:** J R Watson & Co Chancery House 52 Sheep Street Northampton NN1 2LZ **Bankers:** Unity Trust Bank plc 9 Brindley Place Birmingham B1 2PH
**Page 2**
(A Company Limited by Guarantee)
## **COMMSORTIA LIMITED**
## **Directors Annual Report for the year ended 30 June 2021**
## **Governance, Structure and Management**
The trustees, being the directors of the charitable company, present their report and financial statements for the year ended 30 June 2021.
## **Governing Document**
The charity is a charitable company limited by guarantee and was incorporated on 10 June 2014. It is governed by the Memorandum and Articles of Association.
## **Recruitment and Appointment of Trustees**
The Directors of the company are also charity Trustees for the purpose of charity law. They are also known as members of the Board and are appointed at the Annual General Meeting.
The Memorandum & Articles of Association provided for a minimum of 7 Directors and a maximum number of 12.
On 4 May 2021 the company passed an ordinary resolution reducing the minimum number of Trustees to 5. Other provisions in the Articles of Association concerning the appointment of Trustees are unchanged.
## **Trustee Induction and Training**
The Board of Trustees actively seek to recruit new Trustees from the community, and on appointment new trustees receive a formal induction process covering the role and responsibilities of Trustees. Appropriate training is ofered to all Trustees on a regular basis.
## **Vision Statement**
To create a society in which all people have good healthy, quality lives through living in positive social, economic and environmental circumstances, through the provision of high-quality, responsive, generalist and specialist services and facilities.
## **Risk Management**
The Board has assessed the major operational risks to which the charity is exposed, those related to the operations and finances of the charity and are satisfied that systems are in place to mitigate our exposure to the major risks. The Trustees do not believe the charity is subject to any substantial risk beyond the liabilities disclosed in the Annual Report and Accounts.
The Trustees confirm systems have been established so that the necessary steps can be taken to lessen these risks.
## **Organisational Structure**
The Charitable Company is managed by the Board of Trustees, all of whom are directors of the company who consider all significant expenditure and other requests at their meetings. The board is chaired by an independent chair, who chairs by invitation of the board.
**Page 3**
**COMMSORTIA LIMITED**
(A Company Limited by Guarantee)
## **Directors Annual Report for the year ended 30 June 2021**
## **Public Benefit Statement**
The focus of this formal consortium will be to build on existing capacity and the positive track records of consortium member organisations to co-deliver a range of holistic, bespoke public services, available at the point of need.
The intention is that this consortium will embrace organisations across a wide spectrum of service sectors such as social welfare advice, health and wellbeing, employment support, community transport, environment, heritage, as well as volunteering and infrastructure 'capacity building' support.
## **Aims & Objectives**
Commsortia is a joint venture both of and for community based voluntary and social enterprise sector organisations in Northamptonshire, surrounding counties, and elsewhere.
The consortium's mission is to:
Ultimately harness the power of collaboration between local Voluntary, Community and Social Enterprise sector organisations to:
1. Strengthen community based not-for-profit organisations.
2. Maximise their sustainable funding and investment opportunities.
3. Share their resources and expertise, to add value to frontline public service delivery.
4. Support communities to identify their own needs and build community led solutions.
It will aim to achieve this by securing larger and more complex contracts and grant funding for the delivery of public services, activities and facilities and to manage the ensuing revenue through a joint consortium approach.
In setting our objectives and planning our activities the Trustees have given consideration to the Charity Commission's general guidance on public benefit.
## **Achievement and Performance**
We continue to deliver upon our European Social Fund Building Better Opportunities Programme commitments. The COVID Pandemic has had a significant impact upon delivery as our partners reduced services with some closing their doors to the public. This resulted in low levels of new starts whilst adaptations towards remote working took efect. We introduced hybrid working for our staf with working from home and the ofice dependant on need and the efects of the pandemic. As the majority of our activity is around contract management, administration performed by staf constitutes the majority of ours and our partners costs.
We continue to look for further opportunities to bring funding into the sector and have started negotiations with a regional provider around the delivery of the DWP Kickstart Scheme.
## **Page 4**
## **COMMSORTIA LIMITED**
(A Company Limited by Guarantee)
## **Directors Annual Report for the year ended 30 June 2021**
We continue to deliver upon our European Social Fund Building Better Opportunities Programme commitments. The COVID Pandemic has had a significant impact upon delivery as our partners reduced services with some closing their doors to the public. This resulted in low levels of new starts whilst adaptations towards remote working took efect. We introduced hybrid working for our staf with working from home and the ofice dependant on need and the efects of the pandemic. As the majority of our activity is around contract management, administration performed by staf constitutes the majority of ours and our partners costs.
We continue to look for further opportunities to bring funding into the sector and have started negotiations with a regional provider around the delivery of the DWP Kickstart Scheme.
**Page 5**
**COMMSORTIA LIMITED** (A Company Limited by Guarantee) **Directors Annual Report for the year ended 30 June 2021 Report written by Dion Hunt**
**Page 6**
## **COMMSORTIA LIMITED**
(A Company Limited by Guarantee)
## **Directors Annual Report for the year ended 30 June 2021**
## **Financial Review**
The company has generated a deficit of £30,556 (2020 – surplus of £96,225) on unrestricted activity for the year. The company continues to seek further income streams from projects and social enterprise activities. Restricted funds held at the year-end amounted to £ - (2020 - £ -).
## **Reserves**
The Trustees will seek to generate appropriate levels of reserves to maintain the charity into the future.
**Page 7**
(A Company Limited by Guarantee)
## **COMMSORTIA LIMITED**
## **Directors Annual Report for the year ended 30 June 2021**
## **Responsibilities of the Directors**
The Trustee's Board (who are also directors of Commsortia Limited for the purposes of company law) are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the Trustees to prepare financial statements for each financial year. Under that law the Trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the Trustees/Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of afairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure account, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgments and estimates that are reasonable and prudent;
- state whether applicable Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are suficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may difer from legislation in other jurisdictions.
**Page 8**
## **COMMSORTIA LIMITED**
(A Company Limited by Guarantee)
## **Directors Annual Report for the year ended 30 June 2021**
This report has been prepared in accordance with the Statement of Recommended Practice:
Accounting & Reporting by Charities FRS 102 (issued in January 2016) and in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small entities.
Presented and approved by the Board of Directors/Trustees at a committee meeting held on 26 April 2022, and signed on their behalf by:
Carol Phillips Independent Chair …
**Page 9**
## **COMMSORTIA LIMITED**
(A Company Limited by Guarantee)
## **For the year ended 30 June 2021**
## **SIGNIFICANT ACCOUNTING POLICIES**
## **Basis of preparation**
The financial statements have been prepared under the historical cost convention, and in accordance with the Statement of Recommended Practice for Charities (SORP), Financial and Reporting Standards for Small Entities (FRS 102 January 2016) and applicable UK Accounting Standards and the Charities Act 2011
## **Ultimate Controlling Party**
The Commsortia is a registered charity controlled and managed by the Trustees as disclosed in the Annual Report.
## **Fixed Assets**
Depreciation is calculated to write down the cost of tangible fixed assets. The straight-line method has been adopted.
Ofice Equipment 25% IT Equipment 25%
## **Income**
Income is brought into account on a receivable basis.
## **Intangible Income**
Intangible income, in the form of donated facilities and voluntary help etc., is not included in the financial statements since it is not considered practicable to quantify such income.
## **Expenditure**
Expenditure is stated inclusive of irrecoverable value added tax and is brought into account in the year in which it is due. Costs are allocated to functional headings on the bases of direct costs plus overheads on a fair and reasonable estimated basis.
## **Reserves**
The current reserve policy is to maintain suficient cash flow for known commitments, and the replacement of certain assets.
## **Risk**
The trustees do not believe the charity is subject to any substantial risk beyond the liabilities disclosed in its Annual Report and Accounts.
**Page 10**
## **COMMSORTIA LIMITED**
(A Company Limited by Guarantee)
## **For the year ended 30 June 2021**
## **SIGNIFICANT ACCOUNTING POLICIES**
## **Unrestricted Reserves**
Unrestricted funds can be used in accordance with the charitable objects at the discretion of the trustees in furtherance of the work of the charity.
## **Designated Reserves**
Designated funds are funds set aside by the trustees out of unrestricted general funds of the Charity for specific purposes of projects. Designated funds can be redesignated if, in the opinion of the trustees, a change in circumstances make this appropriate.
## **Restricted Reserves**
Restricted funds can only be used for particular purposes within the objects of the Charity.
Restriction arise when specified by the donor or when funds are raised for particular purposes. Expenditure which meets these criteria is charged to the funds, together with a fair allocation of management support costs. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Taxation**
Commsortia is a registered charity (No.1158524). In accordance with the provisions of Section 505 of the Income and Corporation Taxes Act 1988, no tax is payable on any surplus generated by the company on non-trading activities.
**Page 11**
**INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF COMMSORTIA LIMITED**
(A Company Limited by Guarantee)
## **Opinion**
We have audited the financial statements of Commsortia Limited (the ‘charitable company’) for the year ended 30 June 2021 which comprise Statement of Financial Activities, Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 _The Financial Reporting Standard applicable in the UK and Republic of Ireland_ (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
- give a true and fair view of the state of the company’s afairs as at 30 June 2021 and of its net income for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is suficient and appropriate to provide a basis for
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
**Page 12**
**INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF COMMSORTIA LIMITED** (A Company Limited by Guarantee)
## **Other information**
The trustees are responsible for the other information. The other information comprises the information included in the directors’ annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
## **Opinions on other matters prescribed by the Companies Act 2006**
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the trustees’ report (incorporating the directors’ report) for the financial year for which the financial statements are prepared is consistent with the financial statements are prepared is consistent with the financial statements; and
- the directors’ report has been prepared in accordance with applicable legal
## requirements
## **Matters on which we are required to report by exception**
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors’ remuneration specified by law are not made; or
- we have not received all the information and explanations we require for audit; or
- the trustees were not entitled to take advantage of the small companies’ exemption[s] in preparing the directors’ report.
**Page 13**
## **INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF COMMSORTIA LIMITED**
(A Company Limited by Guarantee)
## **Responsibilities of trustees**
As explained more fully in the trustees responsibilities statement set out on pages 5-6, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
## **Auditor’s responsibilities for the audit of the financial statements**
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act.
Irregularities including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, is detailed below.
We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates,and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.
We focussed on laws and regulation which could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and UK tax legislation. Our tests included agreeing the financial statement disclosures to underlying supporting documentation, and enquiries with management. There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from events and transactions reflected in the financial statements, the less likely we would become aware of it. We did not identify any key audit matters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there is evidence of bias by the directors that represented a risk of material misstatement due to fraud.
## **Page 14**
## **INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF COMMSORTIA LIMITED** (A Company Limited by Guarantee)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
## **Use of our report**
This report is made solely to the charitable company’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company’s trustees those matters we are required to state to them in an auditor’s report for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s trustees, as a body, for our audit work, or for the opinions we have formed.
## **Susan Leathem (Senior Statutory Auditor)**
**for and on behalf of J R Watson & Co.** 27 Apri **l** 2022
## **Chartered Accountants Statutory Auditor**
Chancery House 52 Sheep Street Northampton NN1 2LZ
**Page 15**
## **COMMSORTIA LIMITED**
(A Company Limited by Guarantee)
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2021**
|**Note**
**s**
**Income from:**
Donations and legacies
Charitable activities
**1**
**Total income**
**Expenditure on:**
Charitable activities
Support costs
Governance
**Total expenditure**
2
Net income/(expenditure)
Transfer
**Reconciliation**
**of**
**funds:**
Total
funds
brought
forward
**Total funds carried**
**forward**|**Unrestrict**
**ed**
**Restricted**
**2021**
**2020**
**£**
**£**
**£**
**£**
-
-
-
-
34,136
10,904,19
1,124,555
2,242,960|
|---|---|
||**34,136**
**10,904,19**
**1,124,555**
**2,242,960**|
||25,110
1,105,083
1,130,193
2,159,743
19,028
499
19,527
3,272
5,391
-
5,391
3,305|
||**49,529**
**1,105,582**
**1,155,111**
**2,166,320**|
||(15,393)
(15,163)
(30,556)
76,646
(15,163)
15,163
-
-
146,225
-
146,225
69,579|
||**115,669**
**-**
**115,669**
**146,225**|
All income and expenditure derive from continuing activities.
The statement of financial activities includes all gains and losses recognised during the year.
**Page 16**
## **COMMSORTIA LIMITED**
(A Company Limited by Guarantee)
## **BALANCE SHEET AS AT 30 JUNE 2021 9080083**
## **Company Number:**
|**Not**
**es**
**ASSETS**
**Fixed assets**
**4**
**Current assets**
Debtors
**5**
Interfund Indebtedness
Cash at bank and in hand
**Creditors**
Amounts falling due within one
year
**6**
**Net current assets/**
**(liabilities)**
**Total assets less current**
**liabilities**
**Charity Funds**
**7**
Unrestricted funds
Restricted funds
**Total Charity Funds**|**Unrestrict**
**ed**
**Restricted**
**£**
**£**
47
390|**Total**
**Total**
**2021**
**2020**
**£**
**£**
437
903|
|---|---|---|
||2,159
11,751
4,764
(4,764)
168,478
-|13,910
47,755
-
-
168,478
432,607|
||175,401
6,987
(59,779)
(7,377)|182,388
480,362
(67,156)
(335,040)|
||||
||115,622
(390)|115,232
145,322|
||**115,669**
**-**|**115,669**
**146,225**|
|||115,669
146,225
-
-|
|||**115,669**
**146,225**|
For the year ending 30 June 2021, the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The accounts have been prepared in accordance with the Charities SORP 2019 (FRS 102) with regard to the Companies Act 2006 where appropriate.
The financial statements were approved and authorised for issue by the Board on 26 April 2022. Signed on behalf of the Board.
… Carol Phillips Chair
The notes on pages 15 to 19 form part of these financial statements.
|**COMMSORTIA LIMITED**
(A Company Limited by Guarantee)
**STATEMENT OF CASH FLOWS**
**FOR THE YEAR ENDED 30 JUNE 2021**
**Notes**
**Cash fows from operating**
**activities**
Cash generated from operations
Investing activities:
Purchase of tangible assets
**Net cash used in investing**
**activities**
Net increase in cash and cash
equivalents
Cash and cash equivalents at
beginning of year
**Cash and cash equivalents at end**|2021
**£**
**£**
(264,12
9)
-
-
(264,12
9)
432,607
168,478|2021
**£**
**£**
(264,12
9)
-
-
(264,12
9)
432,607
168,478|**Page 17**
2020
**£**
**£**
61.147
(449)
(449)
60,698
371,90
9
432,60|
|---|---|---|---|
|||||
|||(264,12
9)
432,607||
|||168,478||
7
**of year**
## **RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES**
|**FROM OPERATING ACTIVITIES**|||
|---|---|---|
||2021|2020|
||£|£|
|Net (expenditure)/income for the reporting period (as per|(30,556)|76,6460|
|the statement of fnancial activities)|||
|**Adjustments for:**|||
|Depreciation charges|4660|3720|
|Increase/(decrease) in debtors|33,8450|(33,370)|
|Decrease/(increase) in creditors|(267,884)|17,4990|
|**Net cash provided by operating activities**|(264,129)|61,1470|
|||**Page 18**|
|**COMMSORTIA LIMITED**|||
|(A Company Limited by Guarantee)|||
|**NOTES TO THE ACCOUNTS**|||
|**1**
**Income from Charitable**
**Activities**
Membership fees and
subscriptions
Grants
Contracts
**2**
**Expenditure Charitable**
**Activities**
Travel and subsistence
Training
Project delivery and
evaluation costs
Room hire
Meetings and events
Project management fees|**Unrestrict**
**ed**
**Restricted**
**Total**
**Total**
**2021**
**2020**
**£**
**£**
**£**
**£**
-
-
-
2,240
-
343,200
343,200
424,507
21,488
769,410
790,898
1,812,619|
|---|---|
||**21,488**
**1,112,610**
**1,134,098**
**2,242,966**|
||**Unrestrict**
**ed**
**Restricted**
**Total**
**Total**
**2021**
**2020**
-
31
31
660
-
36
36
-
-
940,930
940,930
1,950,824
-
-
-
1,410
-
-
-
1,352
-
33,402
33,402
14,171|
|Sub contract support staf
Marketing and promotion
Equipment
Software licence
Subscriptions
Telephones including
mobiles
Consultant
Bank charges
Irrecoverable VAT
Sundry expenses
**Support costs**
Depreciation
Rent
Ofice costs
Insurance
**Governance**
Finance and reporting costs
Audit fees
Legal and professional|24,391
116,950
141,341
167,071
-
225
225
819
28
735
763
111
393
2,189
2,582
9,044
35
1,612
1,647
-
-
66
66
532
55
-
55
6,596
173
-
173
120
-
5,349
5,349
4,433
35
3,558
3,593
2,660
25,110
1,105,083
1,130,193
2,159,743
136
330
466
372
16,952
-
16,952
-
-
169
169
579
1,940
-
1,940
2,321
19,028
499
19,527
3,272
-
-
-
305
3,000
-
3,000
3,000
2,391
-
2,391
1
5,391
-
5,391
3,305
**49,529**
**1,092,934**
**1,142,464**
**2,166,320**
**Page 19**|
|---|---|
## **COMMSORTIA LIMITED**
(A Company Limited by Guarantee)
## **NOTES TO THE ACCOUNTS**
## **3 Trustees and Employees**
There are no employees. Voluntary Impact Northamptonshire employ and provide operational support hours, which are invoiced on a monthly basis to the Charity. There are no paid key management personnel.
No expenses were reimbursed to trustees, (2020 - £Nil).
The trustees received no remuneration, (2020 - £Nil).
## **4 Fixed Assets**
**----- Start of picture text -----**
Office
equipmen
t
Cost £
**----- End of picture text -----**
|At 1 July 2020
Additions
At 30 June 2021
**Depreciation**
At 1 July 2020
Charge for the year
At 30 June 2021
**Net book value**
30 June 2021
30 June 2020
Unrestricted
Restricted
**5**
**Debtors**
Trade
Other
Prepayments|1,862
-
**1,862**
959
466
**1,425**
**437**
**903**
**2021**
**2020**
**£**
**£**
47
375
390
528
**437**
**903**
**Unrestrict**
**ed**
**Restricted**
**Total**
**Total**
**2021**
**2020**
**£**
**£**
**£**
**£**
-
1
1
12,117
-
6,500
6,500
33,853
2,159
5,250
7,409
1,785|
|---|---|
||**2,159**
**11,750**
**13,910**
**47,755**|
## **Page 20**
## **COMMSORTIA LIMITED**
(A Company Limited by Guarantee)
## **NOTES TO THE ACCOUNTS**
|**6**
**Creditors amounts falling**
**due**
**within one year**
Trade creditors
Deferred income
HMRC
Accruals|**Unrestrict**
**ed**
**Restricted**
**Total**
**Total**
**2021**
**2020**
**£**
**£**
**£**
**£**
8,509
7,377
15,886
16,513
-
-
-
263,989
48,270
-
48,270
51,538
3,000
-
3,000
3,000|
|---|---|
||**59,779**
7,377
**67,156**
**335,040**|
## **7 Unrestricted fund**
|**Unrestricted**
**fund**||
|---|---|
|**General**
**reserve**|**Total**
**Total**
**Opening**
**balance**
**01.07.202**
**0**
**Movemen**
**t**
**in**
**Movemen**
**t**
**out**
**Transfer**
**between**
**funds**
**Closing**
**balance**
**30.06.202**
**1**
**£**
**£**
**£**
**£**
**£**
146,225
34,136
(49,529)
(15,163)
115,669|
||**146,225**
**34,136**
**(49,529)**
**(15,163)**
**115,669**|
General reserve – the intention is to establish a reserve of 6 – 12 months running costs as part of good financial management.
## **Page 21**
## **COMMSORTIA LIMITED**
(A Company Limited by Guarantee)
## **NOTES TO THE ACCOUNTS**
## **8 Restricted Funds**
|BBO
FFWB|**Opening**
**balance**
**01.07.202**
**0**
**Movemen**
**t**
**in**
**Movemen**
**t**
**out**
**Transfer**
**to**
**Unrestrict**
**ed**
**Closing**
**balance**
**30.06.202**
**1**
**£**
**£**
**£**
**£**
**£**
-
321,009
(345,412
)
(24,403)
-
-
769,410
(760,170
)
(9,240)
-|
|---|---|
||-
**1,090,419**
**(1,105,58**
**2)**
**(15,163)**
**-**|
BBO NEP, Northamptonshire based VCSE organisations are working together to provide holistic support to people across the county. Commsortia has partnered with the University of Northampton to deliver the (BBO) project, helping people back onto the path into employment. Working Progress ofers rounded support to participants, which could vary from confidence building and mentoring to CV writing and money advice; all of which focuses on the needs of the individual.
FFWB. First for Wellbeing’s Social Wellbeing Service is designed to combat **social isolation and loneliness** by working with people on an individual basis. By assessing social interest, goals and the service aims to link with meaningful connections and activities in the community.
## **9 Ultimate Controlling Party**
The Charity is controlled by the Board of Trustees who are listed in the Trustees’ Annual Report.