**Charity Registration No. 1161144 Company Registration No. CE003831 (England and Wales)**
**WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
**WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT LEGAL AND ADMINISTRATIVE INFORMATION**
**Trustees** Mrs H Bailey Mr R Batstone Mr G Beith (vice chairman) Mr I Griffiths (treasurer) Mrs J T Hannaby Mr P Harbour (chairman) Mr W R Jestico Mr D Parry Mr K Robbins Ms A Rowe (vice chairman) Dr C Walters Mr C Warwick Dr. D Wise Ms K Morgan **Charity number** 1161144 **Principal address** 16 Market Place Wantage Oxfordshire OX12 8AE **Independent examiner** Chapman Worth Limited 3 The Old Estate Yard High Street East Hendred Wantage Oxfordshire OX12 8JY
**WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 5|
|Independent examiner's report|6|
|Statement of financial activities|7 - 8|
|Statement of financial position|9|
|Notes to the financial statements|10 - 20|
**WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT TRUSTEES' REPORT**
## _**FOR THE YEAR ENDED 31 MARCH 2021**_
The trustees present their report and financial statements for the year ended 31 March 2021.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with Wantage Independent Advice Centre Governance and Management Policies Manual, the Charities Act 2011 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 2015)”.
## **Objectives and activities Mission Statement**
Wantage Independent Advice Centre also trading as Vale Community Impact works at the heart of the local community and is dedicated to serving those in need of Advice, Transport or Good Neighbour services. Consideration for volunteer and client welfare is the foundation of everything we do. We strive to be the best notwithstanding limitations of budget, space and other resources.
## **Object**
The object of the CIO is:
The relief of those in need, for any reason including but not limited to ill health, disability, financial hardship, social exclusion.
For the purpose of this clause ‘social exclusion’ means being excluded from society, or parts of society, as a result of one of more of the following factors: unemployment; financial hardship; youth or old age; ill health (physical or mental); substance abuse or dependency including alcohol and drugs; discrimination on the grounds of sex, race, disability, ethnic origin, religion, belief, creed, sexual orientation or gender re-assignment; poor educational or skills attainment; relationship and family breakdown; poor housing (that is housing that does not meet basic habitable standards; crime (either as a victim of crime or as an offender rehabilitating into society).”
The object will be met by the provision of services as set out below for the benefit of the Vale of White Horse area.
1. An advice and information service
2. A transport service
3. A Good Neighbour service
4. Other services, provided from time to time, which are deemed appropriate and in accordance with the stated charitable objective.
Nothing in this constitution shall authorise an application of the property of the CIO for the purposes which are not charitable.
During the year, Wantage Independent Advice Centre also trading as Vale Community Impact has carried out its public benefit duty and its duty with regard to the objectives of the charity. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
- 1 -
**WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2021**_
**Achievements and Performance Plan 2021 – 2022**
## _**Strategic and Core Activities:**_
- Maintain the provision of free advice services, the volunteer transport and good neighbour schemes
- Complete the implementation and launch of new trading name Vale Community Impact (“VCI”) to ensure all stakeholders are aware we are “In The Vale For The Vale”
- Continue to adapt to the changes dictated by Covid19 as we slowly emerge from the pandemic – adapting both our offering and ways of working as required
- Develop and maintain close contact with elected Councillors to ensure that the Advice Centre has a high profile
- Review the possibilities to work in partnership with South Central Ambulance Service resuming talks which were delayed due to Covid19 during 2020
## _**Finance, Funding & Grants:**_
- Prepare our application to renew the grant from Vale of White Horse District Council
- Prepare our application to renew the grant from Oxfordshire County Council to support our transport service
- Identify and explore additional funding avenues to include both core and project related revenue opportunities - to include both local and national funders with increased focus on core funding
- Explore all funding options and schemes available to continue to alleviate hardship caused by Covid19
- Manage finances within budget and in accordance with the reserves policy
## _**Operational:**_
- Carry out a quarterly client satisfaction survey. Results to be submitted to the Vale of White Horse District Council via SLA target reporting. Explore the possibility of digitalising client surveys to enhance quality and volume of information
- Attend annual meeting with District Council’s Community Enablement team, review targets and performance to targets
- Support and train staff and volunteers to maintain continuous service improvement
- Hold an Annual General Meeting in accordance with the Constitution
- Maintain a safe working environment – use external resource to review H&S compliance including a fire assessment and to check compliance with Covid19 safe working recommendations
- Continue with the recruitment campaign for more volunteers in all areas including trustees. Seek to find volunteers who can assist in training and fundraising and over time expand trustee base to include vice chair and deputy treasurer roles
- Continue to work with our IT support company to make sure we stay up to date and systems are fit for purpose. This to include continued use of virtual and “cloud” based systems
- 2 -
**WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2021**_
- Continue to develop our tailored, in-house software and a CRM system for all three services to manage future growth efficiently
- Keep paid staffing levels under review – to include both pay review and also level / numbers of required staffing
## **Achievements during 2020 – 2021 (Covid19 pandemic period)**
- Explored and agreed the launch of the new trading name Vale Community Impact (“VCI”) emphasising full coverage across all parts of the Vale
- Picked and implemented new IT platform which ensures organisation has a fit for purpose system going forward
- Coped and adapted to the fast changing Covid19 situation including significant participation in projects to support those hit by the Pandemic
- Became a key agency for delivery of Covid support / Covid Winter Grant Schemes
## **Financial review**
The charity ended the year with a surplus of £126,794 due in part to a legacy payment during the period. At the end of the year the charity has achieved a level of reserves of £225,197 which includes designated funds of £191,000. The Trustees aim to set aside an unrestricted reserve of 6 months running costs to be regularly reviewed and adjusted for any changing liabilities.
The Charity’s funds come largely from local government and performance related grants however donations are also received.
## **Structure, governance and management**
We are a Charitable Incorporated Organisation registered with the Charities Commission for England and Wales. The charity was established by a charitable trust deed on 1st April 2015. Wantage Independent Advice Centre commenced trading on the 1st January 2016 and adopted the additional “trading as” name of Vale Community Impact, VCI, from November 2020.
The trustees who served during the year and up to the date of signature of the financial statements were:
Hon. Chairman Peter Harbour (to July 2021) / Graham Beith (from July 2021) Hon. Vice Chairman Ann Rowe/Graham Beith (GB to July 2021) Hon. Treasurer Ian Griffiths Hon. Secretary Keith Robbins (to November 2020) / Helen Bailey (from November 2020)
- 3 -
**WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2021**_
Cllr Kimberley Morgan* Bill Jestico (to Oct. ‘21) Jenny Hannaby David Wise Helen Bailey (to Nov.’20) Cllr Ron Batstone * Christopher Warwick Keith Robbins (to Oct. ‘21) Cllr David Parry Cllr Christine Walters
*Nominated Trustees as representatives of local Councils
*Councillors representing local Councils.
All new committee members, either elected at the AGM or co-opted during the year, shall complete an induction process as listed below. The induction will be conducted by the Chairman or other Officers or, where appropriate, by Operations Management.
- Completion of personnel file including contact details & signed confidentiality agreement
- Overview of the WIAC, its history and current activities and objectives
- Overview of WIAC finances including principal funders, annual budget and anticipated capital projects
- Introduction to Officers, Committee Members and Operations Management
- Review of key roles and responsibilities
- Review of WIAC policy documents
- Completion of the Register of Members’ interests
New members will be given the following documents on joining:
- Copy of the Constitution
- Copy of the most recent Annual report
- Minutes of Committee meetings for the previous 12 months
- Calendar of Committee meeting dates for the current year
All new committee members, either elected at the AGM or co-opted during the year, shall complete an induction process as listed below. The induction will be conducted by the Chairman or other Officers or, where appropriate, by Operations Management.
- Completion of personnel file including contact details & signed confidentiality agreement • Overview of the WIAC, its history and current activities and objectives
- Overview of WIAC finances including principal funders, annual budget and anticipated capital projects
- Introduction to Officers, Committee Members and Operations Management
- Review of key roles and responsibilities
- Review of WIAC policy documents
- Completion of the Register of Members’ interests
New members will be given the following documents on joining:
- Copy of the Constitution
- Copy of the most recent Annual report
- Minutes of Committee meetings for the previous 12 months
- Calendar of Committee meeting dates for the current year
- 4 -
**WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2021**_
## **Organisation Structure**
The Trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to risks.
The trustees' report was approved by the Board of Trustees.
......................... **Mr G Beith** Chairman
Dated: ...20/1/2022.......
- 5 -
WANTAGE INDEPENDENT ADVICE CENTRE
PERFORMING AS VALE COMMUNITY IMPACT
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF WANTAGE INDEPENDENT ADVICE CENTRE
I report on the financial stslements of the charfty forthe year ended 31 March 2021. which are set out on
pages 7 10 20.
R•spective responslbllltlès of tru8teg8 and examlner
The charity's trustees are responsible for the preparation of the financial statements. The charity's trustees
consider that an audit is not required for this year under section 144121 of the Charitie5 Act 2011 Ithe 2011 Acl}
and that an independent examination is needed. The charity's gross income excaedad £250,000 and l am
quallfied to undertake the examlnation being a qu81ified member of A Chaptnan FCA.
It Is my responsibility to..
examine the financial statements under secdon 145 of the 2011 Act.,
lill lo follow the procgdures laid down in the general Directions glven by the Charity Commission under
section 14515llbl of the 2011 Act., and
liiil to state whether parbcular matters have come to my attention.
Basls of Independènt •xamlner's report
My gxarninalion w85 carried out in accordanGe with Ihg general Directions giv9n by the Charity Commission.
An examination includ8s a review of the accounting r@¢ords kept by the ch8rity and a comparison of th•
financi31 ststements presented with those records. It blso includes consideration of any unusual items or
disclosures in the financial statements, and seeking explanations from you as trustees concerning any such
matters. The procedLSres undertaken do not provide all the evidence that would be reqiJir8d in an audit and
consequently no opinion is given as to whether the financial statements present a 'true and fair view, and the
report is limited to those matters set out In thè next ststement.
Ind8p8nd¢nl oxam5nor's statèmènt
In conne¢tion with my examlnation. no other matterexcept that referred to in the previous paragraph has
come lo my attention..
lal which glves me reasonable causé to believe that in any material respect the requirements..
111 lo keep accounting records in accordan with section 130 of the 2011 Aet- and
lill to prepare financial statements which accord with the accounting records and comply with the
accountlng requirerllents of tho 2011 Act;
have not been met or
Ibl lo which, in my opinion, attention should be drawn in order to enable a propgr understandlng of the
financial statements to be reached.
A Chapman FCA
Chaprnan Worth Limit8d
3 The Old Eslate Yard
High Street
East Hendred
Wantage
Oxfordshire
OX12 8JY
Dated..
## **WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 MARCH 2021**_
|**Unrestricted Unrestricted**
**Restricted**
**funds**
**general**
**funds**
**designated**
**funds**
**2021**
**2021**
**2021**
**Notes**
**£**
**£**
**£**
**Income from:**
Donations and legacies
**3**
127,239
191,000
-
Charitable activities
**4**
12,042
-
-
Investments
**5**
131
-
-
**Total income**
139,412
191,000
-
**Expenditure on:**
Raising funds
**6**
310
-
-
Charitable activities
**7**
201,476
-
1,832
**Total resources expended**
201,786
-
1,832
**Net expenditure for the year/**
**Net movement in funds**
(62,374)
191,000
(1,832)|**Total**Unrestricted Unrestricted
Restricted
funds
general
funds
designated
funds
**2021**
2020
2020
2020
**£**
**£**
**£**
**£**
318,239
119,145
316
1,832
12,042
55,379
-
-
131
473
-
-
330,412
174,997
316
1,832
310
859
-
-
203,308
180,352
1,367
-
203,618
181,211
1,367
-
126,794
(6,214)
(1,051)
1,832|Total
2020
**£**
121,293
55,379
473
177,145
859
181,719
182,578
(5,433)|
|---|---|---|
- 7 -
## **WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 MARCH 2021**_
|Gross transfers between funds
**Net expenditure for the year/**
**Net movement in funds**
Fund balances at 1 April 2020
**Fund balances at 31 March 2021**|-
(62,374)
96,571
34,197|-
-
191,000
(1,832)
-
1,832
191,000
-|-
3,949
(3,949)
-
126,794
(2,265)
(5,000)
1,832
98,403
98,836
5,000
-
225,197
96,571
-
1,832|-
(5,433)
103,836
98,403|
|---|---|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
- 8 -
## **WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT STATEMENT OF FINANCIAL POSITION**
## _**AS AT 31 MARCH 2021**_
|**Notes**
**Current assets**
Debtors
**11**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**12**
Net current assets
**Income funds**
Restricted funds
**13**
Unrestricted funds - general
Unrestricted funds -designated|**2021**
**£**
402
243,381
243,783
(18,586)|**£**
225,197
-
34,197
191,000
225,197|**2020**
**£**
-
99,668
99,668
(1,265)|**£**
98,403|
|---|---|---|---|---|
|||||1,832
103,836
-|
|||||98,403|
The financial statements were approved by the Trustees on ...20/1/22.............
**----- Start of picture text -----**
..............................
**----- End of picture text -----**
.............................. .............................. Mr G Beith Mr I Griffiths **Chairman Trustee**
- 9 -
**WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2021**_
## **1 Accounting policies**
## **Charity information**
Wantage Independent Advice Centre is a charity registered with the Charities Commission in England and Wales.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's [governing document], the Charities Act 2011 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 have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The accounts have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
- Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Designated funds are reserves set aside by the trustees for a particular project.
## **1.4 Incoming resources**
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.
- 10 -
**WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2021**_
## **1 Accounting policies**
## **(Continued)**
## **1.5 Resources expended**
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
Charitable activities include expenditure associated with meeting the charitable objectives.
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities.
Governance cost include those incurred in the governance of the charity and its assets and are primarily associated with constitutional and statutory requirements.
## **1.6 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.
## **1.7 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.
## _**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 payments 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.
- 11 -
**WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
_**FOR THE YEAR ENDED 31 MARCH 2021**_
## **1 Accounting policies**
## **(Continued)**
## **1.8 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.
## **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.
- 12 -
## **WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2021**_
## **3 Donations and legacies**
|**Unrestricted**
**funds**
**general**
**Unrestricted**
**funds**
**designated**
**2021**
**2021**
**£**
**£**
Donations and gifts
11,014
-
Legacies receivable
-
191,000
Government grants
116,225
-
127,239
191,000
**Donations and gifts**
Donations from Parish Councils
1,935
-
Other donations received
9,079
-
11,014
-|**Total **Unrestricted
funds
general
Unrestricted
funds
designated
Restricted
funds
**2021**
2020
2020
2020
**£**
£
£
£
11,014
29,145
316
1,832
191,000
-
-
-
116,225
90,000
-
-
318,239
119,145
316
1,832
1,935
2,385
-
-
9,079
26,760
316
1,832
11,014
29,145
316
1,832|Total
2020
£
31,293
-
90,000|
|---|---|---|
|||121,293|
|||2,385
28,908|
|||31,293|
- 13 -
## **WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2021**_
|**3**
**Donations and legacies**
**Grants receivable for core activities**
Vale of White Horse District Council
Oxfordshire County Council
Wantage Town Council
Faringdon Town Council
Wantage Parish Council
Sovereign
Emergency Assistant Grant
CWGS Admin Grant
Covid-19 Grant
Restricted Transport Grant|58,000
16,000
10,000
2,250
-
3,000
5,000
2,160
17,815
2,000
116,225|-
58,000
58,000
-
16,000
16,000
-
10,000
10,000
-
2,250
2,000
-
-
4,000
-
3,000
-
-
5,000
-
-
2,160
-
-
17,815
-
-
2,000
-
-
116,225
90,000|-
-
-
-
-
-
-
-
-
-
-|**(Continued)**
-
58,000
-
16,000
-
10,000
-
2,000
-
4,000
-
-
-
-
-
-
-
-
-
-
-
90,000|**(Continued)**
-
58,000
-
16,000
-
10,000
-
2,000
-
4,000
-
-
-
-
-
-
-
-
-
-
-
90,000|
|---|---|---|---|---|---|
||||||90,000|
- 14 -
**WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2021**_
## **4 Charitable activities**
|**5**
**6**|Transport reimbursements
Miscellaneous
**Investments**
Interest receivable
**Raising funds**
Fundraising and publicity
Advertising|**2021**
2020
**£**
£
11,755
53,406
287
1,973
12,042
55,379
**Unrestricted** Unrestricted
**funds**
funds
**general**
general
**2021**
**£**
2020
£
131
473
**Unrestricted** Unrestricted
**funds**
funds
**general**
general
**2021**
**£**
2020
£
310
859
310
859|
|---|---|---|
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**WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2021**_
## **7**
|Staff costs
Good neighbour expenses
Volunteer and staff expenses
Driver reimbursements
Comet bus hire
Project west
Hardship fund
Other charitable expenditure
Share of support costs (see note 8)
**Analysis by fund**
Unrestricted funds - general
Unrestricted funds - designated
Restricted funds
**For the year ended 31 March 2020**
Unrestricted funds - general
Unrestricted funds - designated|**2021**
**£**
103,552
292
1,682
10,265
-
4,248
1,067
1,794
122,900
80,408
203,308
201,476
-
1,832
203,308
180,352
1,367
181,719|**2020**
**£**
86,498
1,871
4,709
36,439
1,367
2,169
50
3,178
136,281
45,438
181,719
180,352
1,367
-
181,719|
|---|---|---|
- 16 -
**WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2021**_
## **8 Support costs**
|Rent
Utilities
IT support/upgrade
Maintenance and repairs
Photocopier
Cleaner
Bank charges
Subscriptions
Printing and stationery
Insurance
Miscellaneous Items
Analysed between
Charitable activities|**SupportGovernance**
**costs**
**costs**
**£**
**£**
20,160
-
3,835
-
32,987
-
13,202
-
1,053
-
1,688
-
773
-
2,555
-
1,824
-
1,877
-
454
**-**
80,408
-
80,408
-|**2021**
**£**
20,160
3,835
32,987
13,202
1,053
1,688
773
2,555
1,824
1,877
454
80,408
80,408|Support Governance
costs
costs
£
£
20,160
-
5,496
-
5,326
-
2,633
-
1,786
-
3,110
-
1,120
-
1,678
-
1,464
-
1,800
-
865
**-**
45,438
-
45,438
-|2020
£
20,160
5,496
5,326
2,633
1,786
3,110
1,120
1,678
1,464
1,800
865
45,438|
|---|---|---|---|---|
|||||45,438|
There were no fees charged by the accountants for the independent examination of these or 2020 accounts.
## **9 Trustees**
None of the trustees (or any persons connected with them) received any remuneration, expenses or benefits from the charity during the year. Unrestricted donations from trustees totalled £ (2020 £110).
## **10 Employees**
The average monthly number of employees during the year was:
|**Employment costs**
Wages and salaries|**2021**
**Number**
7
**2021**
**£**
103,552|**2020**
**Number**
6|
|---|---|---|
|||**2020**
**£**
86,498|
- 17 -
**WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2021**_
## **11 Debtors**
|**11**
**Debtors**|||
|---|---|---|
|**Amounts falling due within one year:**
Other debtors
**12**
**Creditors: amounts falling due within one year**
Other creditors
Accruals and deferred income|**2021**
**£**
402
**2021**
**£**
6,473
12,113
18,586|**2020**
**£**
-|
|||**2020**
**£**
265
1,000|
|||1,265|
## **13 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**|**Resources**|**Balance at**|
|---|---|---|---|
||**1 April 2020**|**expended 31**|**March 2021**|
||**£**|**£**|**£**|
|IT improvements|1,832|(1,832)|-|
## **14 Designated funds**
The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:
|
Community bus service
Legacy fund|**Movement in funds**
**Incoming**
**Resources**
**resources**
**expended**
**£**
**£**
316
(1,367)
-
-
~~316~~
(1,367)|**Movement**
**in funds**
**Transfers**
**Balance at**
**Incoming**
**Balance at**
**1 April 2020**
**resources 31 March 2021**
**£**
**£**
**£**
**£**
1,051
-
-
-
-
-
191,000
191,000
(3,949)
~~-~~
~~191,000~~
~~191,000~~|**Movement**
**in funds**
**Transfers**
**Balance at**
**Incoming**
**Balance at**
**1 April 2020**
**resources 31 March 2021**
**£**
**£**
**£**
**£**
1,051
-
-
-
-
-
191,000
191,000
(3,949)
~~-~~
~~191,000~~
~~191,000~~|
|---|---|---|---|
||||~~191,000~~|
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## **WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2021**_
## **15 Analysis of net assets between funds**
|**Unrestricted**
**funds**
**Designated**
**funds**
**Restricted**
**funds**
**2021**
**2021**
**2021**
**£**
**£**
**£**
Fund balances at 31 March 2021 are represented
by:
Current assets/(liabilities)
34,197
191,000
-
34,197
191,000
-|**Total** Unrestricted
funds
Designated
funds
Restricted
funds
Total
**2021**
2020
2020
2020
2020
**£**
£
£
£
£
225,197
96,571
-
1,832
98,403
225,197
96,571
-
1,832
98,403|
|---|---|
- 19 -
## **WANTAGE INDEPENDENT ADVICE CENTRE PERFORMING AS VALE COMMUNITY IMPACT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2021**_
## **16 Related party transactions**
There were no disclosable related party transactions during the year (2020 - none).
- 20 -