2021-03-31-accounts

			Page
Trustees'	annual report
Independent auditor's		report to the members	43
Statement	offinancial	activities	47
Statement	offinancial	position	48
Statement	ofcash flows		49
Notes to the financial		statements	50

Be true - we are brave enough Io share constructive insight to make progress. Our unique insight comes from our connections with, and amplification of, the diverse range of voices of people and groups that we work with. Our strategic objectives	Be true - we are brave enough Io share constructive insight to make progress. Our unique insight comes from our connections with, and amplification of, the diverse range of voices of people and groups that we work with. Our strategic objectives	Be true - we are brave enough Io share constructive insight to make progress. Our unique insight comes from our connections with, and amplification of, the diverse range of voices of people and groups that we work with. Our strategic objectives	Be true - we are brave enough Io share constructive insight to make progress. Our unique insight comes from our connections with, and amplification of, the diverse range of voices of people and groups that we work with. Our strategic objectives	Be true - we are brave enough Io share constructive insight to make progress. Our unique insight comes from our connections with, and amplification of, the diverse range of voices of people and groups that we work with. Our strategic objectives	Be true - we are brave enough Io share constructive insight to make progress. Our unique insight comes from our connections with, and amplification of, the diverse range of voices of people and groups that we work with. Our strategic objectives	Be true - we are brave enough Io share constructive insight to make progress. Our unique insight comes from our connections with, and amplification of, the diverse range of voices of people and groups that we work with. Our strategic objectives
We adapted and expanded our strategic objectives this year in light of the COVID-ig pandemic. These objectives will be maintained from 2020 - 2023 and form a core part ofour work.
Action Together				How		wi(l we achieve thlst
Strategic Objectives
2020-23
Beactive in the COVID crisis response, protect and support the VCFSEas it provides vital support and faces unprecedented financial challenges.					~ ~	Be an active part of the local emergency response to COVID, mobiiising volunteers, securing resources, and facilitating connections to ensure the VCFSE can provide their vital role. Lobby for, provide practical support and financial assistance for parts of the VCFSE that are most
						vulnerable.
					~	Bea named partner (as a conduit to the VCSFE) in
						established emergency response structures and
						processes in each locality.
Design out inequality poverty		and			~	Inequality and poverty will not be eradicated unless we design it out. We must keep working
						on solutions and act for those experiencing
						hardship now. We must also work on longer term
						solutions including developing new economic
						models that help to address inequality and
						poverty.
Embrace digital technology but tackle digital exclusion and unequal access					~	We will also work to increase the capacity and access to digital development with the local VCSFE.
					~	We must work with others to tackle digital
						exclusion and develop initiatives to ensure fair
						access.
Begreener and tackle climate emergency		the			~	We must build new alliances and partnerships to increase joint action that tackles climate change.
						Our work must start within Action Together and
						ensure this is factored into our everyday decision
						making on design and delivery of our services,
						rocurement and trainin for staff and volunteers.

More people	More people	involved in	~	We will increase the scale of our collaborative
changing parts ofthe system that aren't working				action on system change, co-design, and coproduction. We will deliver new projects and
				develop approaches that demonstrate the power
				of working in this way to achieve positive social
				change. We will particularly focus on the
				experience and insight from those people often
				not involved in decision making.
Work more closely with our			~	We will actively promote membership and define
membership		and those that		the benefits, offer and ask for our members. We
most need our support				must apportion our resources and help where it is
				most needed and be able to flex our offer to suit
				what our members want from us.
Increase	influence at GM that		~	We will strengthen our work with 10GM through
benefits	local people and			more formal working arrangements with 10GM
members.				partners. By increased representation and GM
				networking we will be able to identify work
				strands in which we should take a more active
				lead and which will benefit our members.
Work smarter and create more			~	We will amend our structure and ways of working
impact				to ensure we can be active in neighbourhood
				working models and ensure the VCFSE are also
				directly plugged in to these.
				We will develop
				our skills in impact and storytelling and develop
				new process and approaches to provide impact
				evidence more systematically.
A happier	workforce committed			We will continue to develop our commitment to
to our values and ongoing				our values and increase clarity on the behaviours
development		and learning.		that underpin these.
				We will keep learning from our staff teams and
				volunteers; responding directly to staff
				satisfaction surveys and insight and create ways of
				working that shares power and decision making.
				Develop new partnerships and opportunities for all
				our workforce to continue to learn and develop
				innovation and find ins iration from others.

					2021		2020
				Unrestricted	Restricted
				funds	funds	Totalfunds	Total funds
Income			Note	F	5	6	6
Funded charitable activities Activities for generating funds Investment income			4 5 6	55,866 6761	4,691,156	4,691,156 55,866 6,761	3,582,796 38,477 12,673
Total income				62,627	4,691,156	4,753,783	3,633,946
Expenditure
Management and administration Expenditure on charitable activities Central administration and			7 8,9	541,711	3,944,894	541,711 3,944,894	611,688 2,931,400
management costs			10	(477,033)		(477,033)	(577,566)
Total expenditure				64,678	3,944,894	4,009,572	2,965,522
Net gains/losses on	fixed assets		11	65,859	128,147	194,006	(86,296)
Net income and net movement		in	funds	63,808	874,409	938,217	582,128
Reconciliation offunds
Total funds brought	forward			965,893	1,922,381	2,888,274	2,306,146
Total funds carried	forward			1,029,701	2,796,790	3,826,491	2,888,274

				2021	2020
Fixed assets			Note	6	6
Tangible fixed assets Investments			18 17	171,007 1,320,953	168,344 1,126,487
				1,491,960	1,294,831
Current assets
Debtors Cash at bank and	in hand		18	174,166 2,693,600	95,990 1,687,159
				2,867,766	1,783,149
Creditors: amounts		falling due within one year	19	533,235	189,706
Net current assets				2,334,531	1,593,443
Total assets less	current liabilities			3,826,491	2,888,274
Net assets				3,826,491	2,888,274
Funds ofthe charity
Restricted funds Unrestricted funds				2,796,790 1,029,701	1,922 381 965,893
Total charity funds			21	3,826,491	2,888,274

Year ended 31 March	2021
	2021	2020
Cash flows from operating activities	8
Net income	938,217	582,128
Adjustments for.
Depreciation oftangible fixed assets Net gains/losses on fixed assets Other interest receivable and similar income Accrued expenses	11,540 (194,006) (6,761) 78,264	7,992 86,296 (12,673) 7,670
Changesin:
Trade and other debtors Trade and other creditors	(78,176) 265,265	435,210 (921,803)
Cash generated from operations	1,014,343	184,820
Interest received	6,761	12,673
Net cash from operating activities	1,021,104	197,493
Cash flows from investing activities
Purchase oftangible assets Purchases ofother investments Proceeds from sale ofother investments	(14,203) (2,647) 2,187	(14,961) (5,050) 137,527
Net cash (used in)/from investing activities	(14,663)	117,516
Net increase in cash and cash equivalents Cash and cash equivalents at beginning ofyear	1,006,441 1,687,159	315,009 1,372,150
Cash and cash equivalents at end ofyear	2,693,600	1,687,159

Funded cha	ritable	activities
			Restricted	Total Funds	Restriicted	Total Funds
			Funds	2021	Funds	2020
				8	F	5
Core Infrastructure			1,109,168	1,109,168	892,231	892,231
Healthwatch			307,653	307,653	311,930	311,930
Investments in VCFSE Social Prescribing/Community			1,661,560	1,661,560	1,171,875	1,171,875
wellbeing			1,140,363	1,140,363	920,715	920,715
Greater Manchester		Projects	126,358	126,358	128,976	128,976
Big Local			105,525	105,525	77,069	77,069
Covid Response			240,529	240,529	80,000	80,000
			4,691,156	4,691,156	3,582,796	3,582,796

Activities for generating funds
	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2021	Funds	2020
	F	8	F	8
Accounts and payroll services	25,196	25,196	38,477	38,477
Lloyds core activity grant	30,000	30,000
Miscellaneous	670	670
	55,866	55,866	38,477	38,477

Investment income
	Unrestricted	TotalFunds	Unrestricted	Total Funds
	Funds	2021 8	Funds f	2020 E
Bank interest Dividends	1,291 5,470	1,291 5,470	5,284 7,389	5,284 7,389
	6,761	6,761	12,673	12,673

In addition	income	income	on investments held	on investments held	on investments held	on investments held	within the	within the	Action	Oldham	Fund	and	the	Tameside 4
Good Fund	have been included				in the income ofthose funds:-
												2021		2020
												6		F
Bank interest		and dividends										24,076		25,653
Ilanagement		and	administration
							Unrestricted		Total Funds		Unrestricted			Total Funds
								Funds		2021		Funds		2020
								6				F		F
Management		and administration				costs	541,711			541,711	611,688			611,688
										2021				2020
														6
Staff costs										371,995				419,767
Premises and		office costs								144,371				165,993
Income generation			costs											5,445
Irrecoverable		Vat								11,934				11,543
Investment	income		management			fees				1,870				948
Depreciation										11,541				7,992
										541,711				611,688
Premises and		office costs include				audit fees 67,750(2020:				66,720).
Expenditure		on charitable		activities by			fund	type

Expenditure on cha	ritable activitie	s by fund type
		Restricted	Total Funds	Restricted	Total Funds
		Funds	2021	Funds	2020
		6	6	E	6
Core Infrastructure		781,569	781,569	653,266	653,266
Healthwatch		227,743	227,743	261,644	261,644
Investments in VCFSE		1,064,311	1,064,311	761,195	761,195
Social Prescribing/Community
Wellbeing		994,154	994,154	640,152	640,152
Greater Manchester	Projects	119,011	119,011	11,628	11,628
Big Local		40,372	40,372	25,206	25,206
Covid Response		240,701	240,701	731	731
Support costs		477,033	477,033	577,578	577,578
		3,944,894	3,944,894	2,931,400	2,931,400

9.	Expenditure		on	cha	rita	ble activities by	activity type
							Activities
							undertaken	Support	Total funds	Total fund
							directly f	costs	2021 8	2020
	Core Infrastructure						781,569	231,984	1,013,553	929,135
	Healthwatch						227,743	73,354	301,097	316,932
	Investments	in VCFSE					1,064,311	51,733	1,116,044	869,564
	Social Prescribing/Community
	Wellbeing						994,154	103,219	1,097,373	731,976
	Greater Manchester				Projects		119,011	7,576	126,587	53,332
	Big Local						40,372	9,167	49,539	29,606
	Covid Response						240,701		240,701	855
							3,467,861	477,033	3,944,894	2,931,400
10.	Central administration					and management	costs
						Unrestricted		Total Funds	Unrestricted	Total Funds
							Funds f	2021	Funds E	2020 E
	Costs recovered			from administration
	and management			of	restricted funds		(477,033)	(477,033)	(577,566)	(577,566)
11.	Net gains/losses			on	fixed assets
								Unrestricted	Restricted	Total Funds
								Funds f	Funds F	2021
	Gains/(losses)		on listed			investments		65,859	128,147	194,006
								Unrestdicted	Restricted	Total Funds
								Funds 8	Funds	2020 f
	Gains/(losses)		on listed			investments		(23,120)	(63,176)	(86,296)
12.	Net income
	Net income is stated				after charging/(crediting):
									2021	2020
									F	5
	Depreciation		oftangible			fixed assets			11,540	7,992

Tangible fixed assets
	Freehold	Fixtures and	Motor
	property f	fittings	vehicles f	Equipment F	Total F
Cost orvaluation
At 1 April 2020	150,000	71,143	24,299	28,626	274,068
Additions		462		13,741	14,203
Disposals		(32,525)		(17,663)	(50,188)
At 31 INarch 2021	150,000	39,080	24,299	24,704	238,083
Depreciation
At 1 April 2020		57,792	24,299	23,633	105,724
Charge for the year		5,365		6,175	11,540
Disposals		(32,525)		(17,663)	(50,188)
At 31March 2021		30,632	24,299	12,145	67,076
Carrying amount
At 31March 2021	150,000	8,448		12,559	171,007
At 31 March 2020	150,000	13,351		4,993	168,344

Investments
	Listed	Other
	investments f	investments f	Total
Cost or valuation
At 1 April 2020	1,101,487	25,000	1,126,487
Additions	2,647		2,647
Disposals		(2,187)	(2,187)
Fair value movements	194,006		194,006
At 31March 2021	1,298,140	22,813	1,320,953
Impairment
At 1 April 2020 and 31 INarch 2021
Carrying amount
At 31 INarch 2021	1,298,140	22,813	1,320,953
At 31 March 2020	1,101,487	25,000	1,126,487

18.	Debtors
			2021	2020
			8
	Accounts receivable		160,483	68,983
	Prepayments		8,551	17,099
	Other debtors		5,132	9,908
			174,166	95,990
19.	Creditors: amounts	falling due within one year
			2021 f	2020
	Amounts payable		7,875	8,110
	Accruals		121,491	43,227
	Social security and	other taxes	88,669	78,185
	Income deferred		315,200	60,184
			533,235	189,706

		At				Gains and	At 31Mar
		1 Apr 2020 E	Income E	Expenditure f	Transfers F	losses E	2021 E
General funds		965,893	62,627	(64,678)	(77,000)	65,859	952,701
Designated	Fund				77,000		77,000
		965,893	62,627	(64,678)		65,859	1,029,701
		At				Gains and	At 31 Mar
		1 Apr 2019	Income E	Expenditure E	Transfers f	losses E	2020
General funds		940,822	51,150	(34,123)	31,164	(23,120)	965,893
Designated	Fund
		940,822	51,150	(34,123)	31,164	(23,120)	965,893
Restricted	funds
		At				Gains and	At 31 Mar
		1 Apr 2020 F	Income E	Expenditure E	Transfers f	losses E	2021 f
Direct charitable
activities		1,922,381	4,691,156	(3,944,894)		128,147	2,796,790
		At				Gains and	At 31 Mar
		1 Apr 2019	Income	Expenditure	Transfers	losses	2020
		E		E		E
Direct charitable
activities		1,365,325	3,582,797	(2,931,401)	(31,164)	(63,176)	1,922,381

Analysis of net as	sets between funds
		Unrestricted	Restdcted	Total Funds
		Funds	Funds	2021
			8	8
Tangible fixed assets		171,007		171,007
Investments		368,427	952,526	1,320,953
Current assets		708,302	2,159,464	2,867,766
Creditors less than	1year	(218,035)	(315,200)	(533,235)
Net assets		1,029,701	2,796,790	3,826,491
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2020
				8
Tangible fixed assets		168,344		168,344
Investments		304,682	821,805	1,126,487
Current assets		622,389	1,160,760	1,783,149
Creditors less than	1year	(129,522)	(60,184)	(189,706)
Net assets		965,893	1,922,381	2,888,274

Analy	sis	ofc	han	ges	in net debt
									At
						At	1 Apr 2020	Cash flows f	31Ilar	2021 8
Cash	at	bank	and	in	hand		1,687,159	1,006,441	2,693,600