# ## ## ||||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||