FINSBURY & CLERKENWELL VOLUNTEERS FINANCIAL STATEMENTS 31 MARCH 2021 Registered Charity 268511
FINSBURY & CLERKENWELL VOLUNTEERS REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY YEAR ENDED 31 MARCH 2021 Name of Organisation Finsbury & Clerkenwell Volunteers The Community Room 21 a Midway House Manningford Close London EC1 V 7HP Registered Ofllce Trustees Andrew Thompson, Chair Felicity Hart. Vice Chair & Secretary Lesley Tadman. Treasurer Richard Betts Anna Coates Betty Landers. (Deceased Jan 21 } Peter Muswell Laura Roberts Dorothy Stannard. (Retired Jan 21) Management Committee Andrew Thompson, Chair Felicity Hart, Vice Chair & Secretary Lesley Tadman. Treasurer Richard Betts Martin Crookston Liam Denning Bety Landers, (Deceased Jan 21) Laura Roberts Dorothy Stannard, (Retired Jan 21) Bankers CCLA 80 Cheapside London EC2V 6DZ CAF Bank Ltd. 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4TA
FINSBURY & CLERKENWELL VOLUNTEERS TRUSTEES REPORT YEAR ENDED 31 MARCH 2021 The trustees present their report and accounts for year ended 31" MCh 2021. They have complied with guidance issued by the Charity Commission. STRUCTURE, GOVERIYANCE AIW MANAGEMENT The Management Committee meei ai six weekly intervals where reports are heard from the Treasurer and the part-time Volunteer Services Co-oidinaLor. Current future activities are discussed. adapting policy as necessary. The Trn5tees meet quarterly. Trustees are clected at the Atmual General Meeiing (AGM). Trustees may be co-opted dwing the course of the year but tnust 5talld for election at the next AGM when executive officers including the Chair. Secretary and Tieasurer are appointed. Isabella Wise was the part-time Volunteer servi COrdinatOr rep)rting to rnembers of the Managcm¢nt Committec from May 2019. Accounts are subject to an annual independent examination. OBJECTIVES The consiiiutson's objectivc is lo trlieve those in thc area of benefit who are in circumstances of need, hardship and distress as a result of age, di.£ability or otherwxse by reclting. placing and supervising a team of volunteers to and itThprove their quality of life. ACTIVITIFS The services provided 10 maintain the aiN)vc objectives are dethiled elsewhere in the Annual Report. They include beftiending, accessible transtK)rt. lunch club facilities. telephonc ounselling, assi5tcd shopping uips, outiThgs, holidays aDd prdctical thsks. FINANCIAL REVIEW The statemeni of Financial Activities shows a total income for the year of £38.062 and expendilure of £34,862. resulting in a sUlUS of £32(K) for the year. The unrestrictcd funds was £35,047 by the end of the year. FUTURE PLANS TheTe is an ongoing plall to increase free reservc5 in case of probletns with our ¢Kisting flding strean15 which need to be monitored and rnainlained.
FINSBURY & CLERKENWELL VOLUNTEERS TRUSTEES REPORT YEAR ENDED 31 MARCH 2021 RISK MANAGEMEwr The trustees have a risk management strategy, which comprises of: An annual Teview of the risks the charity may face" The est(Iblishmellt of systems and procedures to mitigate those risks identified in the plan; and The implementation of prncedures designed io minimise any wtential impact on the chan'ty should thosc Tisks materialise. RESPONSIBILITIES OF THE TRUSTEES Choriiy law requires tbe truse$ io prepare financial siatements for each financial year. The Iin4wcial statements are required by law io give a true and fd. it view of the state of affairs of the charity and of the surplus or deficit of the charity for that period iogether with its assets and liabilities at the end of the period. and adequately distinguish any material special trnst or other restricted fund of the charity. tn preparing these fmancial statements, the trnslees are required to: select suitable accounting policies and therA apply them CQDSiStently" ake judgements and estimates that are reasonable and Prudent: prepare the financial statemenis on the going concern basis lleSs it is inappropriate to presume that the charity will coniinue in opcraiion. The twstees arc responsible for kecping proper accounting records which disclose with reasonable accuracy at any time the financtal position (If the charity and wlllch enable them to eTJsure ihat the financial statemenis comply with the SOIiPS issued by the Charities Commission. The trusiees also responsible for safeguarding the assets of thc eharity and heThce for taking reasonable steps for the pievention and detecuon of fraud and other irregularities. Approved by the trustees on r trzi and signed on its behalf by.. Andrew Thompson, Cbair:
FINSBURY & CLERKENWELL vOLUrEERs INDEPENDENT EXAMINER'S REPORTTO THE MEMBERS YEAR ENDED 31 MARCH 2021 I have examined thc accounts of the charity for the riod ended 31 MCh 2021. which are set out on pages 5 to 12. RKSPECTIVE RESPONSIBILTTIFS OF THE TRUSTEES AM) EXAMINER As the trusiee.8 of the charity, YOU restK)llsible for ihc preparation of the accounts. you consider that the audit requirement of section 43(2) Charities Act does not apply. li is my responsibility to state. on the basis of procedures specified in thc General directions givcn by the Charity Commissioners under seciion 43(7) (b) of the Act. whether particular matters have come to my notice. BASIS OF EXAMINER'S REPORT This report is in respect of examination callied out in accordance with The General Directions given by the Charity Commissioners. An examination includes a ff view of the accounting records kept by the organi5ation and a comparison of the accounts with those records. It also includes a consFdcTation of any unusual item5 or disclosures in the accounis, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not constitute an audit. EXAMINER'S STATEMENr Ba8ed on my examination, no matter has come to my attention which gives me reasonable Cause to believe that in any malaial respect accounung records have not beeD kepl in accordance with section 41 of the ACL or that the acwunts presented do noi accord with those iecords or comply with the accouniing requirements of the Act. No matter bas come to my attention in connection with my examination to which, in my opinion, attention should be drawn to enable a proper understanding of the accounts. Mohammad Jiuneer London N4 2QY. 22" June 2021
FINSBURY & CLERKENWELL VOLUNTEERS STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 MARCH 2021 Unrestricted Restricted Totsl Funds Fwh(Ls 2021 Total Funds 2020 Ilote INCOME FROM Donations and legacies Income frorn charitable activities Other trading activities Investsnent income 34213 34213 23,223 822 322 9,698 1,189 142 27 27 TOTAL INCOME 55,12 38,062 34,252 EXPENDITURE ON Cost ot raising funds Charitable activities (152) (27.710) 1152) (M710) {96} {40,699) (7.IKKI) TOTAL EXPENDrruRE (27,862) {7,IMMI) (34062) (40,795) NET INCOMEI IEXPENDflURE) RECONCtLIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD (4,(MMI) 321M) (6,5431 27.847 31047 38,390 JS,047 35,047 31,847 The Statemeni of Financial Activities includes all gains and losses rccogllised ID the year All of the above amounts relate to continuing activities. Th? rth on pages 7 to 12 Iwn i*rt of the8¢ finan¢lal statemgnts.
FINSBURY & CLERKENWELL VOLuMfEERS BALANCE SHEET YEAR ENDED 31 MARCH 2021 2021 2020 FIXED Assrrs Tangible Fixed assets CURREiYf ASSETS C&sh at Bank and in Hand Debtors 37.729 28,346 4,159 38209 32.505 CREDrroRS: Amounts falling due within one year 10 (3.162) (658) NET CURRENT ASSETS 35.047 31.847 TOTAL ASSETS LESS CURRENr LIABILITIES 35,047 35,047 31.847 ET ASSETS 31.847 CHAIUTY FUNDS Unrestricted Income Funds Designaied Income Funds Restricted Income Funds 11 12 13 35,047 27,847 TOTAL FUNDS 35,047 31.847 The accounts have been prepared in accordance with the Financial Reporting Stavjdatd 102 These financial stateuLeThts were approved by the Management Committee on: Ii+L Andrew Thompson (Chair): Felicity Hart (Vice Chair): The notos on pages 7 to 12 forni p•rt of thfin¥¢I#1 statemtnt&
FINSBURY & CLERKENWELL VOLUNTEERS NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021 ACCOUNTING POLICIES: Basi5 of preparatio The charity constileS a public benefit entiiy as defined by FRS 102. The financial staiements have been prepared in accordance with Accounting and Reporting by Charitics: Statement of Recommended Practice applicable to charities preparing their account5 ill 4iccordance with thc Financial ReEK)ning Standard applicable in the UK and Republic of Irelad issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of treland (FRS 102). the CharÉties Act 2011 and UK Generally Accepied Accounting Practice. Income All income is recognised once the Charity has entitlevneni to the income. it is probable that the income will be received and the amount of income receivable can be measured reliably. Fund accounting Restricted fimds are grants, donations and other incoming resources which are to be used for specific purposes as laid down by the donor. Expenditure which tneets these criteria 15 charged to the fuThd. Designated funds are ut)restr1cd fiEnds earmarked by the trllstees for particular purposes. Unrestricted funds are grants, donation5 and other incoming resources receivable for thc objects of the ch¢Wity without further specified purpose and are available as general funds. Resources expended All eXndItUre is included on an accrnal basis. inclusive of any VAT, which cannoi be recovered. Expenditure is allocated to specific activities where the cosi Telates directly to that. 2. DONATION AND LEGACIES: Unrestricted Restricted Total Funds Total Funds Fwids 2021 2020 Donations Grants 14213 14213 20,IMMb 34213 18.923 4.31X) 34313 23,223
FINSBURY & CLERKENWELL VOLUNTEERS NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021 2a. DONATIONS: Unrestricted Restricted Tot Funds Tothl Funds Funds 2021 2020 al Giving Benevity Charity Rotary Club of Islington, Highgaie and Muswell Hill John LEWIS Foundation Waitrose Community Maiters Lloyds Bank and I£gal In The Community Woolnoth Society St Sepulc]]re Masonic tAKlge Foundation Others 5075 2,631 5,875 2,631 2,849 2,231 1,834 107 751) 750 7,500 500 3,736 li 2,123 14213 14213 18,923 2b.GRANTS: Unrestritted Restricted Totsl FuDds Totsl Funds Funds Funds 2021 2020 Worshipfi]I Co Insurers Allford Hall Monaghan Mottis The Archer Trust Humane Association 2,3 1,000 20,IKK 4.300 3. INCOME FROM CHARITABLE Acf1vIT. Unrestricted Re5trieted TO Funds Total Fund Funds Funds 2021 2020 Grants Other Income 8,659 1,039 822 822 822 3,822 9,698
FINSBURY & CLERKENWELL VOLuiifEERS NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021 3a.GRANTS: urtricted Restricted Total Fwids Total Funds Funds FndS 2021 2020 LIF Islington Community Chcst The knher Trnst 3,659 8.659 3b.OTHER INCOME: UDrestricted R£stricted Total Funds Total Fund5 Funds Funds 2021 2020 Miscellaneous 822 822 1.039 822 822 1.039 4.OTHER TRADING ACTIVITIFS: Unrestritted Restricted Total Funds Total Funds Funds 2021 2020 1,189 1.189 5.INVESTMENf INCOME . UnrcstrACted Restrirted Totsl Funds Total Funds Fwids Funds 2021 202 Bank tnterest Received 27 27 142 27 142 6. COSTS OF RAISING FUNDS: Total Fun 2021 Total Funds 2020 Fundtaising 152 96 152 96
FINSBURY & CLERKENWELL VOLuKfEERS NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021 7. COSTS OF CHARITABLE AcfIvIT. Tirtal Funds Totsl Funds 2020 2021 Staff Costs Support Costs Direct Project ExpenditUTe Governanc¢ 21,674 6075 4,759 1,402 16,260 13.259 9,485 1.695 34,710 40,699 7a. STAFF COSTS: Totsl Funds 2021 Total Funds 2020 Staff saILes Pension 20000 874 15,600 660 21,674 16,260 The average number of etnployees dIng the year was one. 7b. SUPPORT COSTS: Total FWM Tothl Funds 2020 Volunteers Expenses Training Room Hire AdvertisiDg Priniing.Postage.Stationery Computci Expenses & Website Telephone Heat & Light Insurance 745 7,229 1,095 2fv1 998 80 1,352 939 762 670 912 920 1559 69 Miscellaneous 6S75 13,259 7c. DIRECT PROJEcf EXPENDITURE: Totsl Fwhd5 2021 Total Funds 2020 Minibus Running Costs Outings & Activiiies Lunch Club 7,832 749 904 511 4,759 9,485 10-
FINSBURY & CLERKENWELL VOLuKfEERS NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021 7d.GOVERNAIYCE: Totsl Fun(ls 2021 Total Funds 2020 Independent Examination Payroll Service5 Annual ReportlAGM DBS 565 293 544 565 318 594 218 1,402 1,695 8.CASH AT BANK AND IN ILAND: 2021 2020 CCLA 23.381 4,926 39 14281 39 Petty Cash 37,729 28,346 9.DEBTORS: 2021 2020 Accrued Income Other Debtors 159 4.159
FINSBURY & CLERKENWELL VOLUNTEERS NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021 10.CREDITORS: Amounts falling due withiti one year 2021 2020 Independent Examination Other Creditots DefeLTed Income: Donation 565 565 93 2500 3,162 658 11.UNRESTiucfED INCOME FUNDS: Balance at Incoming Outgwg Trarfer$ Balance at l April 2020 resource5 Rosources Inl(Out) 31 Mar 2021 35,047 General 27047 35.062 35,062 127162) {27062) 27W7 35,047 12.DKSIGNATED INCOME FUNDS: Balance at Inco8 Outgoing Tr4Dsfers Balance at l April 2020 re5(Mtrces Tesourees Inl(Ou¢) 31 Mar 2021 13. RESTRICTED INCOME FUNDS: B21gnce at Incoming l April 2020 Tesources Outgoing TransfeTS Balanee at resources IDJIOut} 31 Mar 2021 Core (7,IXK)) (7.000) 14. SUMMARY OF IYET ASSETS BY FUNDS: Unrestricled D&sigllated Restricled Total Funds Total Funds Funds Fund5 2021 2020 Fixed Assets Net Current Assets 35,047 35,047 35,1)47 35,047 31.847 31,847 12-
FINSBURY & CLERKENWELL VOLUNTEERS NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021 The following pages do not forni part of the statutory financial statements 13-
FINSBURY &CLERKENWELL vOLUrEERs DETAILED STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 MARCH 2021 2021 2020 INCOME FROM DONATION AND LEGAC Donations 14213 18.923 Grants Worshipful Co Insurers Allford Hail Monaghan MorrAS The Archer TLlJSt Humane Association 2.300 34213 23,223 INCOME FROM CHAIUTABLE AcfIvITIES Grants LIF Islington Community Chest The Archer Trust 3,659 4,000 Other Income Miscellaneous 822 1.039 3,822 9,698 OTHER TRADING ACTIVITIES Raffle 1,189 Bank Interest Received 27 142 TOTAL INCOME 38,062 34.252 14-
FINSBURY &CLERKENWELL VOLUNTEERS DETAILED STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 MARCH 2021 2021 2020 EXPENDITURE COST OF RAISING FUNDS Fundraising 152 96 152 96 CHARITABLE ACTtvrriKs Staff Costs Staff Salaries Pension 20,81H) 874 15,61X) 660 Support Cts VolunteeTs ExpereS TrainiThg Rccruitment Room Hire Advertiging Printing,Postage,Stationery Computer Expense5 & Website Equipment Telephone Heat & Light tnsurauce Bank Charges Miscellaneous 745 7,229 1.095 480 26A 998 80 670 912 920 1559 69 1,352 939 762 Direct Project Costs Minibus Running Costs Outings & Activities Lunch Club 7,832 749 511 Governance Costs Independent ExatDinats"on Payroll Seryices Annual ReportlAGM DBS 565 293 565 318 594 218 34,710 40,699 TOTAL EXPENDTTURE 3462 40,795 NET INCOME I (EXPENDTfuRE) FOR THE YEAR (6,543) 15-