Company No. 01913555
Charity No. 291890
Voluntary Action Islington Limited
(A company limited by guarantee)
Annual Report & Financial Statements
31 March 2021

Voluntary Action 1slingt¢n Limit•d
Trustges. Annual Roport
For the year endod 31 M•r¢h 2021
REFERENCE AND ADMINISTRATIVE INFORMATION
Reglstered charlty name
Voluntary Action Islington Limiled
Charlty reglstratlon nUm￿r
291890
Company reglstration nurnb•r 01913555
Reglstered Offico
200a P8ntonville Road
London
N19JP
Board of Trustws
The trustees servod the ¢harity during the period and up to the date of this report were
as follows..
Phillp John Kelly {Chair lo 15 June 2021}
Colin Adams
Mulat Haregot- resigned 6 September 2020
Ken Hettiarachl
Emma Victoria HulchSns
Joseph David Irvin {Chair from 15 June 20211
Josephine Mary Langdale
Jorge Llorens {Treasurer)
Bartiara Joan Ludbw
Hussain Ahmed - appointed 2 July 2020
Santa Gascoigne- appointed 2 July 2020
Lt88 Caroline Smith - appointment terminated 1 November
2020
Chlef Executlve Officer and
Company Secretary
Antony B&wick￿rn1th Ilnterim until 22 Novembw 20201
Navinder Kaur from 23 November 2020
Audltor
Goldwins Chartered Accountants
75 Maygrove Road
West Hampslead
London
NW6 2EG
Bankers
Unity Trust Bank plc
Nine Brindley Pla
Bim￿ghaM
B1 2HB
8oli¢ltors
8ales Wells
10 Queen Street Place
London
EC4R 1BE

V¢Aunlary Actlon Isllngton Llmltod
Trustees. Annual Report
For the yoar gnded 31 March 2021
The truste8$, who a￿ also the dlreclors for the p￿r[￿e of company law, have pleasure in
pre$entsng Ihelr report and the financial ststements for the charity for the year ended 31st
March 2021.
The trustees Confirm that the financial statements comply with cuThent statutory requirements.
the memorandum and articles of association and the Statement of Recommènded Practice-
Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts
In a¢¢ordan¢e with FRS 102.
OUR AIMS, OBJECTIVES AND ACTIVITIES
Purpose and alm8
Our Charllls purpose as set out in the objects contsined in tho MemorarKlum of Association
al To promote any charltable purtM)se primarily bul not exclusively for the ben&fit of
Ihe communty in the London Borough of Islinglon, har8inafter caled Yhe area of
benefit" and in particular the advanc8ment of 9duGats'on. the furthorance of heatth
and the relief of poverty, distrgss and sickness.
b) To promole and organise Gooporation in achievgmènt of lh& above purposes and
to that end lo bring together repr8santabves of not for profil organisations and
statutory authorities engaged in the furtheran¢e of tho above purposes within th•
area of benefit.
Our vislon is..
A vibrant civil society that drives loGal aGlion and positive change for everyone in Isliroton.
The main activities that Wg undertake to pursue our purposes are the provision of information
and advice lo voluntary and community organisations operating in Islington in ord8r to assist
them to relieve poverty. r8du¢e inoqualty and further health. We are the accredit8d Volunteer
Centre for Islington and re¢ruit and place volunteers with local organisations lo assist them lo
aGhi8ve these aim$. W¢ $upport networking. bringing together repres8ntativ8s of local
volunlary organisalions with statutory authorities to COOPgral8 and consider joint inith'atives
Ythi¢h further our overall charitabb purposes.
Our values are:
Equallty and dlverslty. valuing difference, treating everyone with re$pe¢t.
Independence in our thinking and actions.
Integrity and professionalism, maintsining high personal and professional standards.
Working wrth others to support and develop collaboration and c(￿produCtion across
the community.
Listening and learning from all our stakeholders inc￿ding members. staff and
volunteers.
We are an accredited Living Wage Employer and aim to be an equal opportunities employer.

Voluntary Action lslington Limit8d
Trustses. Annual Report
For thg year endgd 31 MarGh 2021
Publlc Bonefft
During the year the trustees have considered section 17 of the Chariti8s Act 2011 and Charty
Commission guidance on public benefil. We have sought to ensure that thé charity is fulfilling
11$ ¢haritable purpose to benefit the public by focussing on som8 of thè most pressing social
ig$ue$ in the borough. including Inequality, Poverty, Comrnunity Safety and Health.
Our strategic aims are lo enable the Voluntary and Community Sector IVCSI to address these
issues. by supporting organisations to..
Be more sustainably funded and resourcgd.
Deliver more effective service8.
Be more able to influenc8 local policy.
In addition. we want to support the people who volunteer for VCS organlsatlons by ensuring..
Volunteers gain more social contacts. employability and improved health.
Our Theory of Change for Voluntary Action Islington, enables us to map out the changes that
we want to achieve for the sector, and the activities that we deliver to achieve this change.
These specific activities have b8&n briefly described bebw, as they relate to each aim.
Supportlng the local VCS to b• more sustainably funded and re$ourced
To meetthis aim, we..
ProdLtce a booklet about Tnjst funding for local organisations.
Provide access to live infonnation on the Funding Toolkit hosted by Islington Councal
Organise briefings alxwt the funding programmes relevant lo local organisatlons.
Develop thematic VCS partnerships to increase access to funding and contracts.
Encourage cross-sector partnership workin9 to unlock resources.
Support Islington's VCS to strèngthen ts volunl&ering practice through platfomis for
learning and infomation sharing. such as Volunteer Managers Forum.
Supporting the local VCS to dellver more effectlve 8ervlce8
To meetthis alm, we..
Keep abreast of changing statutory framework$ and how they affect the local VCS,
and support groups in adapting lo these changes.
Ensure the website has up to dale infomation about Islington. tharity regulats'on,
govemance, equal opportunities, volunteer management and finance.
Circulate infomiation to members through newsgroups, newsletters and social media.
Offer one-to-one support lo VCS organisations through tsoe to face surgeries,
telephone and email.
Develop a training programme using staff knowledge and expertlse.

Voluntary Action Islington Llmltod
Tru$te¢s' Annual Report
For the year ended 31 March 2021
Deliver time limited programmes of intervention to small groups.
Offer specialist and Pro Bor￿ advice surgeries and briefing sessions with corporate
and VCS partners.
Supporting the local VCS and local communltles to influonce local policy
To meet this aim, we:
Ensure the VCS and publ1¢ sector are aware of each otherfs seTViC8 offer for local
people.
Support the develowient of communty- based adion inttlative$.
Organise a programme of gvents to share and leam from VCS peers.
Promote the voi¢e of Islington's VCS 8t a strategic level through Islington Community
Network IICN).
Ents)urage operational collaboration betweern the VCS and the publc sector.
Maintain Igarning opportunities for both Chief Executives and Trustees of Islington
groups.
Supporting volunteers to galn morg skills, social Gontacts, •mployablllty and improved
health
To meet this aim, we-
Develop cross-sector partnerships to streamline access lo volunteers and
volunteering opportunities.
R8ise awareness of volunteering through targeted outreach. high profile event8 and
social media.
Champion volunteering through recognition and awards.
Facilitate volunteering for bolh volunteers and VCS organisalions through volunteer
database.
Act as a brokering SeN1￿ between potential volunl6ers and VCS (ryanisations.
Offer appropriate voknnteering opporbjnilies to a wide range of residents enabling
them to be more connected with local c(ffnmunilies.
Develop capacity of organisations around volunteer recnjltment and management
through workshops and one to one support.
Develop platforrns for sharing good practice.
Our core activities, uTrJertaken in capacity as a Council for Voluntary Serwces are
dgtailed below=
With Islington Council we organis8 an annual ¢onferenoe for the local voluntary and
¢ommunity sector on a theme of particular rolevan¢e for the se¢lor. and w8 invite high
profile speakers. This is an QPPOrtunty for our mambers to provide feedback and to
infomi future priorilies.

Voluntary A¢tlon l$llngton Llmlted
TrustMs' Annual R•port
For tho yoar ond•d 31 March 2021
We prowde an elèctronie nèwslètter to our members on a regular basis and continue
to providè an èmail news seNi¢e through which we bring lo the attention of members
relevant pollcy and fundlng inltlatives. Members use this seNce to promote their local
activili8s.
We have negotiated an arrangement with NCVO, providing our members with access
to NCVO membership and services at a discounted rate.
Our websile is an important srwrca of information for news relevant to the sector
including local Yolunleering opportunities, funding and resources for organi5aliffis.
We continued lo add lo and update our online directory of local organisation5.
We promde ¢hariti8s and social enterpris8S Wth desk spaGes, affordable meeting and
conferenc8 rooms and shared facililigs throLyJh our Resource Centre. There are
special rates on room hir8 for mgmbers.
We have improved intemet connecllvlty In the Resource Centre. thereby improving
our seNlce lo voluntsry organisations who pay lo use our facilities.
We promote community organisations and volunteering to the wider public and we
achieve local wess coverage for the Volunteer of the Year Awards. which is held
together with our Annual General Meeting.
We continue to run a telephone advice service and also run monthly '$urgeries'
where people Can get inltial advice aboul starting C￿ devebping a local community
organisation.
We run the Capacity Building Essentials project, a structured model of intensNe
development support and guidance for Smaller organi$ation$, based around the key
elements identif￿d to help them grow and become more 8u$lainabla.
We are proud to run the only n81ionally accredited Volunteer Centre for Islington
matching people Interested in volunteering with local opportunities. We have a small
team of volunteers involved in this work which provides a dropin twice a weak and
promotes volunteering at local community events.
W8 provid& a volun188rrng database that enables organisalions to post their own
volunteer opportunities, while al the same time allowing potential volunteers lo create
their profil8s and searth for suitable placements.
We support borough-wide thematic ne￿rkS to address four big llxal l$$ues:
- Communty Safety
- Health and Well B￿ng
Inequality
- Poverty
We provide di￿￿ support to the Children and Young People's Voluntary Sector
Fonjm. for ￿lch we hold and administer funds.
The suc¢e$$ ¢riteria for our planned activities are set out in our annual operating plan. ￿lch
ts agreed by trustees every February. alongside the budget for the year. Achievement in
relation lo this plan is monitored quarterfy by trustees using a traffic light sy3lem staling
whether the particular aclivf(y is on larget, needs additional action to get back on tsrget or
where the target is unlikely to be met. At the end of March 2021, most of our targets were met
and ￿re greatly exceeded due to our response to the Covld-19 crisis: however, some were
impacted by the Covid-19 lockdobffis. particularly those targets relating to the delivery of our

Voluntary Action 1s1ington Limited
Trnstses. Annual Report
Forthe year ond•d 31 MarGh 2021
¢apacity building programme8. We adapted our capacity building and volunteer acliwties and
services by transferring these online.
OUR VOLUNTEERS & STUDENT PLACEMENTS
Many of our volunteers work with us to gain gxperience that will assist them to find
employment. Covid-19 had a substantial impact on Ihe recruitment and activities of volunleors
supporting both our Volunteer Centre and the Resource Centre. Covid-19 lockdowns affected
the number of volunteers required at the Resource Centre lo Cover reception and carry out
administrativè tasks. All face to face brokerage support was put on hold due to ihe successive
lock4lowns.
In addition to our trustees, during the past year, VAI had 1 in-house volunteer assisting with
the delivery of our Volunteer Centre acti￿lIes. This volunteer as51sled with the Volunteer
Centre brokerage service
matching volunteers to VCS orgar)isations and their volunt8er
cyportunities. This service was delivered on-line and via telephone.
We have been developing our partnership with London Metropoltlan UnivetEily and during the
spring hosted a student studwng Social Work.
OUR ACHIEVEMENTS AND PERFORMANCE
The trustees review. on a quarterly basis. progress made in delivering seTwce$ thal we are
implements'ng lo achievg each of the outcomes in our strategic plan. This review is undertaken
al the same ts'me as our quarterly financial review. There are largels for each sgrvi¢e and
activrty and progress is coded as on target, needing attention or not on largat. In addition.
regular reports are produced for each of our funders and evaluations are undertaken as
projets come lo an end. During the year we visited a cross section of our members to obtsin
feeéba¢k about our services.
The main benefiei8ries of our services are VCS organisatsons providlng servl¢es and activities
in the London Borough of Islington and individuals inler8sted in volunt09ring in the borough.
MEMBERSHIP AND COMMUNICATIONS
During the year our fomial membershlp consisted of 550 communlty organisatrons. We have
3,624 followers on twitt•r. an increase of 146 over the year. The Volunteer Centre r￿W has
2,442 followers, an increase of 139 by the end of the year. and 400 Instsgram followers.
From June 2020. we stsrted lo produce fortnightly neWS￿tterS lo shar8 infomiation wrth the
se¢tor qui¢kly. We then moved lo weekly newsl8tters from September onwards. The
Dewsletter was sent lo all organisalions regist@red on our n8wsgroup as well as the
membership.
We have had positive feedback about the usefulness of information on our website and about
our briefings.

Voluntary Action Islln9ton Llmlted
Trustees. Annual Report
For the year •nd•d 31 March 2021
CAPACITY BUILDING SUPPORT
We ensu￿ that our members and non-mgmberg are well informed 8boul funding
opportunities. including opportunitses to tender for local ￿ntraCts. as s￿n as we are made
aware of them.
We published a revised version of our Funding Booklet for local oryanisations in January
2021 with funding news and updates emailed throughout the year.
Our 8dvSce sessions afe very popular, Èspecially amongst ow sm811 groups. Our
Development Officer delivered the folkjwing Sossions..
November 2020 - funding advice sesslon
January 2021 - 1=1 National Lottery suryery
March 2021- National Lottery Community Fund session
We continued to host thè Islinglon Council funding databas8 "Open 4 Communlfjeg" on our
website which can be acc8ssed by all VAI members and non-members. We now have 313
subscribars registered on Ihe portal that now receive regular funding updates from the site.
W8 provide our members wlth information about. and access to, a wide range of sources of
pro-bono support. This includes inform8tK)n on our webslte about sources of specialist and
pro-bono help. We work with the BIG Allianc8 in Islington and others to provide expert advice
on subjects such as financial planning and web design.
During the year. our Development Officer also provided 4 additional Advice and Support
sessions. This included advice al￿11 regislering as a charity, fundirvJ (Including crisis
funding) and business planning.
Our website provides a range of information and resources to assist with runnlng an
organisalion. There were 35,464 visits to our website during the year.
We ensure that our members ar8 well infomed about national and regional developments
relevant to their work through our links wth National and Regional or9anisations. As part of
their membership of Voluntary Action Islinglon organisations can get a discount tl they joln
NCVO. We provide information about policy developments through our regular newsletter.
Volunteers play a vital part in enabling local voluntary organisations to pursue their charitsbl8
purposes. From the start of the pandemic. VAI recruited an army of new volunteers to
support th8 response to Covid-19. thus enabling VCS organisations in the borough to deliver
their crisis response services.
We hosted online Volunteering Fairs ￿ partnership with Volunteer Centre Camden. to support
the recruilmenl of volunteers online.
In January 2021. VAI partnered with Ag8 UK Islington, Manor Gardens Weffare Trust and
Help on Your Doorstep to recruit and manage Volunteer Marshals and Stewards for the
Covid-19 vaccination programme across the Islington vaccination sites includiThJ local ¢linics,
Business Design Centre, and pop ups including the Emirates Stsdium.

Voluntary Action1s1ington Llmlted
Trustg0s' Annual Roport
For the year ended 31 Mar¢h 2021
CELEBRATION OF VOLUNTEERS
We continue to celebrate and promote volunteering. We have a seclion on our websile with
oxamplgs of the difference that volunteers are making to lrfe in Islinglon. Our Volunteer of the
Year Awards were again sponsored by Doubletree by Hilton Islinglon. who provided tho
prizes and wè had local media coverage, raising the profile of volunteering locally. The
awards were announced by Cllr Janet Burgess MBE at an online celebration in December.
The wnn8rs were:
Oldèr Vdunteer of the Year 60+: Richard Longworth. Angel Shed Theatre Company.
Volunteering Team of Ihe Year.. Hornsey Lane Estate Community Association-
Volunteer of the Year 26*0: David M8110ry. Age UK Islington and Healthwatch
Islington.,
Pal Haynes Memorial Truslee of the Year.. Mrs Margaret Pitt, Culpeper Commvnlty
Garden Associalion.,
Young Volunteer ofthe Year 1&25- Mohamed Senusi, The Pillion Trust.
VOLUNTARY ACTION ISLINGTON RESOURCE CENTRE
Our Resourc8 Centre on Pentonviife Road continues to generate fvnds to support the
d8velopment of the local voluntary sector and provides a model of co-localion and efficlent
use of resources.
During the year we had to make adjusimenls due to the Covid l¢xkdowns, including making
the Resource Centre Covid-19 compliant. The Crlsls caused substantial disruption to the
nomial workings of the Centre and was closed to the public from April lo August.
This ¢risi$ has led to 8 substantlal shortfall in rental income from desk and room hire. We
have started to consider options for the medium and longer term as our current lease on our
premises comes to an end In October 2024.
DEVELOPING & SUPPORTING CROSS SECTOR PARTNERSHIPS
Voluntary Action Islinglon hosts an annual conference for the local VCS to discuss pressing
ISSU8s and to encourage collaboration wilh each other ststutory and private sector
partner5. It aims to inspire charity and not-for*rofit stsff. trustee$ and volunteers, and
partnership working with other sectors.
This year, the conferen¢e was held online on 30 September 2020, with 60 organisalrons In
attendance. The conference focused upon the impact of Cowd-19 on the VCS with the
followir4J priority issues Identif￿d. funding; volunteerin9 suppor( IT and adapting servlc88
online.
COVID-19 PANDEMIC
In eady 2020 the Covid-19 pandemic shook the whole of our society, resutting in Several
national 'lockdowThs' as people were told lo stay at home unless they provided kay services.
VCS organisations and lo¢al authorities were disrupted but dema￿1$ increased, such as the

Volunlary Actlon Islington Limited
Trustees. Annual Report
For the year ended 31 March 2021
need to get food and medicine lo housebound vulnerable residents. In resF)onse, VAI
mounted a huge &ffort around volunteoring, communicating and working closely with VCS
organisations and Islington Council. There was a surge in local people wanting to volunteer.
We increased online communication and deployed stsff and recruited volunteers to support
lotral VCS partner organisations to fuffil their new volunteering needs.
As a senior member of the Islington Gornmunity and th8 main representativo of the local VCS
sector, VAI joinod the Islington Covid-19 Response Group whose remit was to coordinate the
pan-sector response lo supporting the borough's most vulnerable residents lin particular wrth
food and medicine distribution. VCS support and volunleeringl. VAI and our Volunteer Centre
played a major role in providing volunteers to assist with the mass vaccination programme.
and made a $ignrfi¢ant contribution to the Covid-19 crisis by recruiting an amy of new
volunteers neeéed to suprx)rt the borough's crisis response including the Covid-19
VaGanalion Programme delivered a¢ros$ the mass vac¢in8tion siles, local clinics and pop
ups.
One a$pe¢l of the response lo the Covid-19 pandemic was the creation of a network of
Mutual Aid Groups (MAGS). In recognition of this, VAI hosted a workshop for MAGS on
conslituling as 8 formal organisation.
We were successful In recemng crlsis fundlng whlch enabled us to provide additional onllne
support lo those recruiting and managing volunteers during the first 6-7 months of the crisis.
Over Augususeplember we delivered 2 Volunteer Management Clinics and 2 Volunteer
Manager's Forum & Netsvorking events. We also delivered a joint Camden & Isllnglon
Volunteering Fair to support the recruitment of volunteers.
VAI deslgned a programme lo provlde brokerage support between volunteers and VCS
partners. Our efforts were supported by two Council redeployee¥ who supported the
recruitment of volunteers and carried out the required DBS and Reference checks.
KEY PROJECTS AND HOW THESE WERE FUNDED
Our main sources of income are grants and donations from public authorities and charitable
trusts and foundations, together wth earned spac& rentsl in¢ome from our Reswrce Centre.
We were awarded cora funding of £75.000 in 2020121 by Islington Council to continue
our work in building capaaty among local VCS organisations and operating our
Volunteer Centre t￿Okerage service. The existing grant was témporarily rolled over
following the Covid outbreak and the Council commissioned a scoping eX0￿1$e to
ascertain fvlure voluntsry sector and volunteering capacity building needs.
VAI received extra funding 1£16.OW during thi5 period) to provide additional capacity
for the volunteer support programme to aid the recruitrnent. induction and
DBs/referen￿ checks and debriefing of volunteers as part ol the Covld-19
Vac¢inalion Programme.
From MOPAC (via Islinglon Council) we We￿ awarded £4.000 to service Ihe Islinglon
Safer Neighbourhood Board anil £3,500 to deliver the Islngton Communty Safety
Engagement Project IICEPI. VAI provided administrative and ¢ommunicab'ons

Voluntary AGtion Islington Limitsd
Trustg9s' Annual Report
For thg year gnded 31 March 2021
support to maxirni$e ¢ommunlcatlon and InteraCt￿n behveen local communities, the
VCS that support and represent them and those statutory organi$ations responsible
for the safely of Islington's communllies.
Via the National Asswiation for Volunt8ry and Community Action INAVCAI we were
awarded £3,ODO from the Department of Cullure Media and Sport for infrastructure
organisation involvement in local emergency planning.
As a mgmber of a partnership of five Volunteer Centres, North Central London
Partners in Health and Care INLP) awarded us £5,600 to contribute to the
development of the North Central London ne￿rk and volunteering strategy.
Through support from London Community Response Fund Wave 2, we were
supported to improve and adapt volunteering pra¢ti¢e during Covid19.
We applied for and re¢8ived £3,200 to purchase four laptops through a S￿￿eSsful
funding application made by London Plus to the London Community Response Fund
In addition. VAI was pleased to receive £500 via the Neighbourly crowdfunding
website.
FINANCIAL REVIEW
The Ststemenl of Financial Activities shows annual net 8xpenditrJre, befo￿ galns on
investments, of £51,26012020.' £22,195). Of that loss £52.495 (2020.. £10,547) was incurred
on unrestrictsd funds. That was the effective operating loss for the year and very mu¢h a
result of the negative impact of Covid-19 on income generation opportunities.
Inve$lmenls increased In value by £24,933, recovering some of the £44.151 losses incurred
in the previous year. When those gains are included, net expenditure (the annual kjssl
rèduces to £26,327(2020: £66,346).
Income was significantly impacted on by the challenges posed by the pandemlc. falling from
the previous year's £416,948 to £315.568 for the current year. Although the Voluntary Action
Resource Centre continued to generate th8 larggst source of incom8, th8 fall in demand for
work and meeting $pa¢es significantly reduc&é its revenue and more than accounted for the
overall fall in income. In response savings were implemented - expendilure was reduced by
£72,315 - and thè Trustees agreed lo cover the resullanl losses from reserves. The London
Borough of Isllngton ILBII continued its funding of VAI under the StralegiG Borough-wde
Partners and Slralegic Volurbleering Partners grants, both of which support our cole activltles.
and its funding of the Children and Young People's Voluntary Sedor Fcfum.
Al the year end all funds totalled £268.433 12020: £294.7601 of whl¢h £219.909 {2020.'
£247,471 I were unrestricted. General fijnds. which are considered to be the free reserve¥ of
the charity. tolalled £166,828 12020.. £129,881). Although 8 loss was generated on General
funds they also benefrted from an inward transfer of £60,000 from three previously designate¢J
funds.
Further to the decision made by trustees in September 2015. Voluntary Aclh)n Services. the
subsidiary trading company established by Voluntary Action lslington in 2013 remains a
domiant company.
10

Voluntary Action Islington Limited
Trusteès, Annual Report
For the year ended 31 March 2021
Reservos
At 31 March 2021 Vc4unlary Action Islington held unrestricted funds totslling £219.909 {2020:
£247,471).
The free reserves (those unrestricted funds that have not been designated for specific
purposes) totalled £166.82812020= £129.881}. The reserves policy requires a balance of free
reserves equivaleTrl to no less than 3 months 125Yo) of annual expendrture. The current
balance of £166,828 is 9quivalgnt to 45% {2020: 29%> of annual budgeted expenditure and is
therefor6 compliant with the policy.
Funds have been designated from reserves for specific purposes where cost$ are nol
incurred on an annual basis. At year end those funds totalled £53.081 {2020' £117,590)
designations having been made to invest in the Resource Centre and its IT infrastructure,
where VAI is based, and to support potential relo¢81icn from Resource Centre in 2024
including managing the ¢ost of dilawjations.
In addition to its unrestri¢led fvnd$ the charity held £48.524 of restricted funds 12020:
£47.2891. the use of which is restricted by funders to spe¢lfi¢ activities to support VAI'S
members and develop the voluntary seelor in Islinglon.
Investment pollcy and performance
Thls ye8r Voluntary Actlon Isllnglon contlnued to implement the invesknent policy last agreed
in 2014. The objects'ves of the policy are:
To use free reserves to produce Ihe best financial ￿turn within an aoceptatle level of
risk.
When there are oppc*lunities to do so lo invest a proportion of our reserves in Ihe
developmgnt of ngw produels and serwces where we assess Ihal il is realistic that
thes6 wll generate fvnds to sustsin Ihems8lves or when, by investing in products atml
services delivered by our subsldiary trading company, we assess that this investment
could produce a long term income stream for Voluntsry Action Islington.
When there are opportunities lo do so wo vdll seek investment opportunities Ihat
further our chari18ble objectives, whilst al the samè lime producing a flnanclal retum.
VAI'S listed investments continued lo generate valuable in¢ome throughout the year in line
with the investment policy. Some recovery was made from the Covi(1-19 impacted low values
of the previous year and annual unrealised gains of £24,933 12020: £44,151 losses) was
generated in the Current year. The Trustees note that the recovery in values has ￿ntInued
beyond year end.
Golng concem
The trustees consider that there are no material uncertainties abwt Voluntary Action Islington
Limited's ability to continue as a going concern.

Voluntsry Action Isllngton Llmlt•d
Trustses. Annual Roport
Forthe year Qnded 31 March 2021
Prin¢lpal rlsks and uncertalnties
During the year the trustees carried out 8 review of the risks faced by the charity in relation to
peTsonnel, finance, property, reputation, new business. health and safely, goveTnan¢e and
management, and performance. Plans to mitigate these risks were developed and reviewod.
A iisk register is maintained as part of the Buslness Plan and the trustees keep this und8r
review.
The main factor likely to affacl the financial performance of the Charily is a reduction In
demand for our desk and room hire provision to voluntary organisations. as 8 result of Covid-
19. We mitigat8 this risk by improving th8 facilities al the resource centre, including making it
Covid compliant. continulng to promote our facilities to a Whye cross-section of ralevanl VCS
organisations seeking desk andlor room hi￿ fac41ities in central London. and adapting our
offer to the developing n8eds of the sector.
PLANS FOR FUTURE PERIODS
We are comm￿ed to continuing as an independent organisation bringing together C￿11 soci8ly
in Islington and representing the interests of local organisations to the main statutory
agencies. We will continue lo participate in p18fforms that influence how Islington Council
Including the North Central London Clinical Commissioning Group and Public Health make
decisions that impact on communities. particularly at a local level. This includes Mu￿1-agencY
Initiatives such as Fairer Together, where we represent our membership.
We will continue to work with voluntary organisations to diversify funding and other suppor(
Including by engaging with private business. We will encourage collaboration and joint lunding
bids. which indude smaller k)cal organisations in service delivery. As part of this approach.
we will encourage larger and more established organisations to support smaller groups, by
providing mentoring and partnership opportunities. We will continue to work with other local
organisations that provide capacity building and org8nisalional support to their membership,
and explore how our collective efforts can be made more stralegic.
We plan to continue to support the effective management of volunteers and to support
organisations through a mix ol one to one support and training workshops. Additionally, we
pian to continue to provide opportunities for trustees and CEOS lo network and share good
practice.
We wlll ¢onlinue lo make applications for grant5 and to submit lenders for Contracts, which
are related to our core functions.
The Voluntary Action Islington Resource Centre on Pentonville Road Is an important
¢ommunity asset for lo￿1 VCS organisations and will continue to be an important sOu￿e of
income supporting our core offer to local organisations. We reinvest all the income generated
into the community through our services. We will continue lo take account of our
environmental impact in our management of this facilty. We will keep under review our
charges and consider additional options to manage community facilities in other parts of the
borough.
Our webstte and social media are well used resgurGes and we are ¢ommilted to ¢onlinuing to
develop the use of these facilities over the Goming period.
12

Voluntary A¢tion l$llngton Llmlted
TrustO05' Annual R•port
For tho yoar ondod 31 mS￿h 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT
The charity is cortsttiuted as a company limited by guarantee, and is therefore govemed by a
MeM(￿nduM and articles of assouation. This was lasl amended in November 2013.
The provisions of the governing document have been complied wilh during the year under
review.
The trustees seNe on a Board of Trustees. They consist of at least three and nol more than
12 individuals, all of whom must be aulhorised representatives of organisalions or an
individual member. Each Trustee shall retire from office at the end of three years commencing
from the datè of his or her 8ppoinlmer)t. A retiring Trustee may be reappointed but a Trustee
who has served for nine years in total musl take a break from office and may not be
reappointed until the anniversary of the commencement of his or hér break from offKe.
At the end of the year, there were 10 trustees. The trusteas keep under review gaps in
expèrience and expertise represented on the board, and during the past year a skills audit of
urrent trusl8es was carried out. Induction meetings are organised for Iruslees to bri&f them
about the work of the charity and trustees attend occasional conferences and courses to keep
up lo date about relevant developments.
The charily is organised through the Board of Trustees lo whom the Chief Executive is
answerable, through the Chair. The Chair. Vic8 Chair and Treasurer are appointed from
amongst the trust89s at first meeting after the AGM. These officers serve for a period of
one year.
The Chief ExecutlV8 is responsible for the management of staff in 3 core functions.. vO￿nteer
Centre, Resource C8nlre and capacity building. The CEO and staff have responsiblity for
specific areas of work and rèporting lo funders. The Chief Executive is not legally a director
for the purposès of company or charitable law.
Thè Chority is a member of the National Association for Voluntsry and Community Action
INAVCAI, NCVO, and Children England. These memberships provide infomiation and
rèsourc8s thAt help us to assist voluntary and communlty organisalions serving the
community in Islington.
The Charity has a subsidiary trading company, Voluntary Action Services Limited (VASI. This
is a prwate company limited by share capital and wholly owned by Voluntary Action Islington.
To date VAS has only traded in online leaming courses. At it5 meeting on 9th September the
trustees decided that this company should cease trading on 30th Seplembor 2016 and should
be retained as a dormant rAJmpany. for potential future trading. Joseph David Irvin remains a
Director of both companies. As VAS is currently dormant, there are no plans as yet to appoint
new Dire¢tors.
Several of the tnjstees of Voluntary Action Islinglon are employed by or Iruslees of local
voluntary organisalions that are members of Voluntary Acl'on Islington. These voluntary
organisalions ben8frt from the services of Voluntary Action Islinglon. A register of trustee
interests is maintsined and was updated during the year. Any potential conflict of interest is
declared at the beginning of eoch trustees m8eting.
The charivs staff. including management personnel, are paid on the national NJC pay scale.
JI job des¢riplions arè indep&ndenlly evaluated and staff ￿ceIve the rate of pay applicable to
th8 scale at whlch the post is evaluated. The pay of the Chief Executive is $el by the trustees.
18

Voluntsry Artion Islington Limit•d
Trustws, Annual R•port
For the yoar gndod 31 March 2021
who take account of the perfomi8nce of the Chief Executive.. the complexity, scale of
responsibilities and expected level of extemal influence of the Chief ExecutN8 role., an
assessment of current Chief Executive pay levels within the charity sector., comparisons with
the pay levels of other CVS Chief Executives in London,. the salary range of an equival8nt
officer within the local authority,. and the overall financial position of the organisation.
STATEMENT OF THE TRUSTEES, REPONSIBILITIES
The trustees {who are also thg directors of Voluntary Action Islington Ltd for tho purpose5 of
company law) are responsiblg for preparing the Trustees Annual Report and the financial
stalemenls in accordance with applicable law and United Kingdom Ac¢ounting Standards
(United Kingth)m Generally AC￿pIed Accounting Practi￿1.
Company law requires the trustees to prepare financial statements for each financial year
which give a true and fair view of the state of affairs of the charitable company and of thg
incoming resources and application of resources. including the income and expenditure, of
the charitable company for that period. In preparing these financial statements. the trusl88S
are required to..
select suitable accounting policies and thon apply thém ¢onsistenlly',
observe the methods and principles in the Charities SORP.
make judgements and estimates that are reasonable and prudgnl-
state whether applicable UK Accounting Standards aT)d statements of recommended
practice have been followed. subje￿ to any material departures disc105ed and
explained in the financial statements.,
prepare the financial ststemenls on Ihg going coneem basis unless il Is inappropriate
lo presume that the charftsble company wll continue in operats'on.
The trustees are re$pon$lble for keeping proper accounting records Ihal disdose with
reasonable ac¢ura¢y at any time the financial positlon of the charitable company and enable
them lo ensure that the financial $tstements comply wtth the Companies Act 2006. The
trustees are also responsible foT safeguarding the assets of the charitable company and
hence for taking reasonable steps for th8 prevention and detection of fraud and other
irregulariiie5.
The trustees are responsible for the maintenance and integrity of the corporate and financial
information included on the charitable company $ website. Legislation in the United Kingdom
governing the preparation and dissemination of financial statements may differ from
legislation in other jurisdictions.
Members of the charity guarantee to contribute an amount not exceeding £10 to the assets of
the charity in the event of winding up. The total number of such guarantees at 31st March
2020 was 397. The trustees are members of the charity but this enlilles thom only lo voting
righls. The tnjstees have no beneficial interest in the charity.
14

Voluntsry A¢tlon Isllngton Limited
Trustees. Annual Report
F¢r tho yoor •nded 31 March 2021
STATEMENT AS TO THE DISCLOSURE TO OUR AUDITORS
In so far as thg trustee$ are aware..
there is no relevant 8udtt informallon of whl¢h the charitable companls auditor is
unaware,. and
the trustees have taken all st8PS that th&y ought to have taken to mak8 themséfves
aware of any relèvant audll information and to establish that Ihg aLFditor is aware of
that informatlon.
AUDITORS
Goldwins Ltd wer8 reaappointed as Ihe auditors of the charitsble company during the yèar
and have gxpr8ssad their willingness to continue in that capacity.
Th8 trust88s' annual report has been approved by the trustees on 11 November 2021 and
signed on their behalf by..
Navinder Kaur
Company Secretary
Registered offi¢e:
200a Penlonville Road
London N19JP
15

**Independent Auditor’s Report To the members of Voluntary Action Islington Limited** 

## **Opinion** 

We have audited the financial statements of Voluntary Action Islington Limited for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Balance Sheet, statement of cash flows and the related notes.  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 charitable company’s affairs as at 31 March 2021 and of its income and expenditure 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 Auditorʼs responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRCʼs 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 sufficient and appropriate to provide a basis for our opinion. 

## **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 charity'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 directors with respect to going concern are described in the relevant sections of this report. 

## **Other information** 

The trustees are responsible for the other information. The other information comprises the information included in the annual report other than the financial statements and our auditorʼs 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 

16 



**Independent Auditor’s Report To the members of Voluntary Action Islington Limited** 

we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. 

We have nothing to report in this regard. 

## **Opinion on other matter 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; and 

- the trustees’ report (incorporating the directors’ report) have 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 Charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Annual Report. 

We have nothing to report in respect of the following matters where 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 trustees’ remuneration specified by law are not made; or 

- we have not received all the information and explanations we require for our audit. 

## **Responsibilities of the trustees** 

As explained more fully in the Trustees’ Responsibilities Statement, 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 they 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 Charityʼs 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 Charity or to cease operations, or have no realistic alternative but to do so. 

## **Our responsibilities for the audit of the financial statements** 

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 auditorʼs 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. 

17 



**Independent Auditor’s Report To the members of** 

## **Voluntary Action Islington Limited** 

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, including fraud are set out below. 

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following: 

- We enquired of management, which included obtaining and reviewing supporting documentation, concerning the charity's policies and procedures relating to the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations. 

- We inspected the minutes of meetings of those charged with governance. 

- We reviewed the financial statement disclosures and tested these to supporting documentation to assess compliance with applicable laws and regulations. 

- In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments, assessed whether the judgements made in making accounting estimates are indicative of a potential bias and tested significant transactions that are unusual or those outside the normal course of business. 

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. 

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Councilʼs 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 members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006.  Our audit work has been undertaken so that we might state to the charity’s members those matters we are required to state to them in an auditor’s report and for no other purpose.  To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s members as a body, for our audit work, for this report, or for the opinions we have formed. 


………………………………. 

**Anthony Epton (Senior Statutory Auditor) for and on behalf of Goldwins Limited Statutory Auditor Chartered Accountants 75 Maygrove Road West Hampstead London  NW6 2EG** 

**15 November 2021** 

18 



Volurrtary A¢llon l$llngton Umltsd
Statement of flnanclal a¢tMtles {Incorporating an income and expènditure a¢¢ount)
For the
ar ended 31 March 2021
2021
Total Restricted Unrestricted
2020
Total
R8stricted Unrestricted
Not8
Income from..
Donations and legacies
Charitable activities
Member Seryicos and Support
Sector Development and
Volunteering
Investments
other
3,750
75,716
79.466
75,260
75,260
20.OLIJ
26.585
20,(
14.714
34,714
23,110
144.3
9.489
32,562
167N66
9,489
32.562
294,340
12,634
294,340
12,634
T¢tsl Incom•
46,860
268.708
315.568
20.000
396.948
416,948
Expendlture on:
Charitable activities
ember Services 8nd Support
Sector Development and
Voluntsering
Total expBndltur•
Net lexpenditurel income befort n•t
galns Ilosso51 on Invostments
11,757
101.122
112.879
24,640
129.342
153,982
33.868
220.081
253,949
366,828
7,￿8
278,153
285,161
45.625
321,203
31,648
407,495
439,143
1.23S
(S2.4%1 151.260)
24.933
24.933
111,648)
110,547>
144,1511
122,1951
(44,1511
Nel galns {lo$sesl on invgslments
Not {oxpendlture) Income forthe
year
10
1.235
127.562} {26.3271
{11,648} {54,6981
16fj.3461
Transfers bBh¥een funds
Net movement in lunds
127.5621
{26,3271
{11,6481
{54,698)
166.346)
R•conciliation of funds:
Total funds brought forward
Total fund5 carried forward
47,289
247,471
294,760
58.937
302,169
361,106
16
48,524
219,909
268,433
47,289
247,471
294,760
All of the above results are derived from continuing aclivilies. There were no other recogniseLI gains or losses other than
those stsled 8bove. Movements in funds ￿e disdosed in note 16 to the financial statements.
The noles ¢)n pages 22 to 37 fonn part of these financi81 statements.
19

Voluntary Action Islington Limited (Limitod by guarantool
Balan¢e sheet
Company No. 01913555
As at 31 March 2021
2021
2020
Note
Fixed assèts
Tangible assets
Inveslmenls
39,228
157.544
196.772
53,120
202.611
255.731
10
Current assels
D&btors
Cash at bank and in hand
34.466
102,344
136.810
19,213
63.769
82.982
Liabilities
Credttors.. amounts falling duè within on& yaar
12
65.149
38.614
Net current assets
71,661
44.368
Creditors- amounts falling due after one year
13
5,339
Net assets
15
268.433
294.760
Funds
Restricted funds
Unrestricted funds:
Designated funds
General funds
16
48.524
47.289
53,081
166,828
117.590
129.881
Total funds
268,433
294,760
Approv8d by the trustees on 11th November 2021 and styn6d on thelr bahalf by:
Jorge Lloren5
Treasurer
Joseph David Irvin
Chair
The note5 on pages 22 to 37 fonn part of these financial statements.

Voluntary Actlon Isllnglon Limitod
Ststsm8nt ol cash flows
For the ear ended 31 March 2021
Note
2021
2021
2020
2020
Net cash providod by (US￿ Inl operating activities
17
140.914
122.197)
Cash flows from Invèstlng actlvltles:
Dividends from inveslfflenls
Salg Ipurchasel of fixed assets
Sale {purchasel of investments
9,489
12,634
(5.249>
70.000
Cash provided by {u6•d in} Investlng activities
79,489
7,385
Change In cash and cash equlvalents In thg year
38,575
(14.812)
Cash and Cash equivalents at the beginning of the year
64524
79.336
Cash and cash equlvalents at the •nd of the year
18
64.524
21

Voluntsry Action1s1inglon Limited
Notes lo the flnancl41 statements
F¢r the
ar ended 31 March 2021
Ac¢ounllng pollcles
la Basis of preparatlon
The financial statements have been prepared in accordance wth Accounting and Reporting by
Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts
in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland IFRS 102) leffeclive 1 January 2015) - (Charities SORP FRS 1021, the Financial
Reporting Stsndard appli¢abl8 in thg UK and Rèpublic of Ireland (FRS 1021 and the Companies
Act 2006.
Voluntary Action lslinglon meets the definrtion of a public benefit entity under FRS 102. Assets
and liabilities are initially recognised at hl$lori¢al cost or transaction value unless otherwise
stated in the re￿vant accounting policy or note.
1b Golng Concern
The trustees consider that there are no materlal uncertainties regarding the Charl￿S ability to
continue as a going concem. In reaching that conclusion the trustees have considered the
possible impact of the COVID -19 pandemic on future aclivilies and cash fh)ws. They have
considered a number of different scenarios and, although lost income from the Resource Cenlre
room and desk hires will generate negative cash flows until VAI can resume more normal
business. the tnjstees are confident that VAI'S level of reserves, cost saving measures already
introduced, changes made to the Resource Centre delivery model and the diversification of
income streams will togelher ensure its ability to wntinue as a going conGem.
No key judgements have been made by the charitable company vthich have a signrficanl 8ffect
on the accounts.
The trustees do not consider that there are any sources of esllmation uncertainty at the reporting
date that have a signtficanl risk of causing a material adjustrnenl lo the carrying amounts of
assets and liabilities within the next reporting period.
1c Incorno
Income. including income Irom government and other grants, whèthèr 'capilal' grants or
'revenue' grants, is r8cognlsed when th8 charity has entitlement to the funds, any performance
conditions attached lo the income have been met, it is probable that the income will b8 received
and that th8 amount can be measured reliably.
Grants are credlted to incoming resources when they are receivable as the Ghariws own money,
unless they are for activities that relate to a specrfic future period, in which case they are
deferred to that period.
Income received under contracts for services which cross over the year end are r8cogni$ed in
the financial stalements in line with the percentage of ¢ompletton of the contract at the year end.
Income Rceived In advance of the pro￿s1on of a speC￿ed seryice is deferred until the criteria for
income recognition ar8 met.
Distributions from listed investments are included when receivable and the amount can be
measured reliably by the charity, this is nomially the date on which the holdlng is first quoted ex
divid&nd or the end date of the period for which il is accrued as nolrfi&d by the fund manager.
22

Voluntary Actlon Isllngton Llmlted
Notes to the flnanclal 61atements
For the
ar ended 31 March 2021
Accountlng pollcles {contlnued
1d Fund accountlng
Unreslricled funds are available to spend on activilies that fvrther any of the purposes of the
charity. Designated funds are unrestricted funds of the charity which the trustees havè decided
al their discretion lo sel aside to use for a $po¢ifr purpose. Restrieled funds are donations
which the donor has sp8cifi8d are to be solely used for particular areas of the charity's work or
for sp8crfic projgcls being uNJertaken by thè charity.
le Expenditure and irrecoverable VAT
Exp6nditure is recognised once there is a legal or constructiv8 obligation to make a payment lo
a third paty, it is probable that settlement will be required and the amount of the obligation Can
be measured rek'ably. Expenditure is classified under the following adivity headings..
Costs of raising funds tomprise of tradlng cogts and the costs incurred by the charitable
company in inducing third parties to make voluntsry contributions to it, as well as the cost of
any actlvllles ￿th a fvndrablng purpose.
Expenditure on charitsble activities includes the costs of services and support to members
and developiro volunteering and the bcal voluntary sector undertaken lo further the
purposes of the charity and their associated support costs.
Irrecoverable VAT is charged as a cost against the activity for which the expendiiure was
incurred.
1f AlloGation of ¥upport costs
Resources expended are allocated to the particular activity where the cost relates direcuy lo that
activity. However. Whe￿ co$ts ¢anrot be directly attributed. they have been allocated to
actlvlUes on a basis consistent with their use of resources.
Premises are alkic8ted proports'onate to fi)or space occupied by each activity as followg..
M8mb8r S8rvic8s and Support
4.8%
Sector Development and Volunteering
94.6%
Support costs
0.5Yo
Governance costs
0.1%
Other costs of administration are alhxated per capila VAI stsff and othÈr occupants of the
Resource Cenlre a$ follows..
Member Services and Support
Sector Development and Volunl8ering
Support costs
Govemance costs
10.8%
87.9Yo
1.1V
0.2%
Support and govemance costs are re-allocaled to each of the activities on the foll￿ng basls
which is an estimate, based on staff lime, of the amount attributsble to each activity:
Member Services and Support
27.3¥0
Sector Development and Volunteering
72.7Y
Governence ￿518 are the costs associated with th& governance a￿angements of the charity.
These costs ar8 associated with conslilutional and ststutory requirements and include any costs
associated wth the strategi¢ management of the chariws actIv￿es.
23

Voluntary A¢tlon Islington Limited
Notès to the financial statements
For thg
ar ended 31 March 2021
Accounting poli¢i¢s (¢ontlnued)
lg OpeTating leases
Rentals payable under operating leases, where substantially all the risks and rewards of
ownership remain with the thsor, are Charged to the sLqtement of financial activities on a
straight line basis over the length of the18ase.
1 h Tanglblg fixed a$8ets
Items of gqulpmenl are capllalised where thg purchase price exceeds £2,000. Depreciation
costs 8re allocated to aclmties on the basis of the use of the related assets in those aclivilies.
Assets ar8 revi8wèd for impairment if circumstances indicate their carrying value may exceed
their net realisable value and value in use.
Depreciation is provided on a stralght-line basis at rates calculated to wiite down the cost of
each asset lo ils eslimaled residual value over its expected useful life. The depreciation rates in
use a￿ as follows..
Fumilure, Fixtures and Equipment
Leasehold propety
4 years
The lesser of 15 yeais or the remaining I￿$￿ term
11 Llst•d Inv•stments
Investments are a fomi of basic financial instrument and are Inlllally recognised at their
transaction value and subsequently measured at their fair value as at the balance sheet date
using the closing quoted market price. Any change in fair value wll be recognised in the
slatement of finanGial a¢liviti8s.
1J Debtors
Trade and other debtors a￿ recognised al the settlement amount due after any trade discount
offered. Prepayments are valued at the amount prepaid of any trade discounts due.
1k Cash at bank and In hand
Cash at bank and cash in hand includes cash and short t8mi highty liqtjid invegtmenls with a
short malurily of three months or less from Ihe dale of a¢quisthon or opening of the deposit or
sirnilar account.
11 Crodltor¥ ond provlslons
Creditors and provisions are recognised where the charity has a pregenl obligatlon resulting
from a past event that will probably resutt in the transfer of funds to a third paty and the amount
due to settle the obligation can be measurBd or estimal8d rèliably. Creéilors and provisions arg
nomially recognised at Ihelr settlement amount after allowng for any traée discoun1$ due.
24

Voluntary A¢lion l$llngton Llmited
Notes to the flnanclal stat•mants
Forthe
ar gnded 31 March 2021
Incom• from donation$ and legacles
Reslrided Unrestrlcted
2021
Total
2020
Total
London Borough of lslington
Other grants and similar income.
under £5.000 each
75.000
75,000
75,000
3.750
716
4.466
260
3.750
75.716
79.466
75,260
Voluntary Action Islinglon benefit from a Sedlon 106 Agreement that provides accommodatlon
al a p8ppercorn rent. As it is not possibl8 to put an accurate value to this, It has not been
recognised In th& Stsl&ment of Finan¢ial A¢tivities.
Income from charltable aGtlvltig5
Restricted Unreslricled
2021
Total
2020
Total
Greater London Authority {via Hackney
Ctyjncil for Voluntary Service)
Young Londoner's Fund N&ts•mrk
London Borough of Islington
Children and Young People's
Voluntary Sector Forum
Donations and similar income, under
£5,000 each
SulFtolal for Member Services and
Support
6.585
6,585
8,231
20.000
20,000
20,000
6.483
20.000
6,585
26.585
34.714
London Community Response Fund
(via City Bridgg Trust)
Strengthening communities through
volunteering
Community resource and other
sèThice income
London Borough of Islington
COVID-19 vaccination roll-out support
Donations and similar income, under
£5.000 each
Sub-total for Sector Development and
Volunteering
20.110
20.110
117,439
117,439
294,340
12.020
12,020
20.000
3,000
14.897
17.897
23,110
144,356
167N66
314,340
Total income from charitable acllvities
43,110
150,>11
194,051
349,054
25

Voluntary Actlon Isllngton Limited
Not•s to tho finan¢lal statoments
For the
ear ended 31 MarGh 2021
4 Other Income
Restricted Unrestricted
2021
Total
2020
Total
Coronavirus Job Retention Schgme
London Borough of l$lington
Additonal Restrictions Grant
supporting Islinglon businesses
through Covid 19
24,562
24,562
8,000
8.IN)O
32.562
32,562
26

Voluntary Action lslington Limited
Notos to tho flnancial statomgnts
Forthe
ear ended 31 March 2021
5 Analysis of expenditure
5a Current year
Charitable activities
Governance
costs
Support
costs
2021
Total
2020
Total
Sector
Memb8r
Develop-
Services
ment and
and Support Volunteering
Staff costs {note 6)
Agency staff
Other staff costs
82,478
136,172
1.853
11.269
18.142
670
231,772
18.142
1,695
255,97S
15.572
5.024
380
639
DireGt aGtivty wsts
9.957
2.711
12.734
29.168
Premises
Depreciation
Admin and ICT
Compliance
Audit
Legal and other
2,526
49,829
39
505
13.892
220
52.899
13.892
27.164
68,743
13,892
40.499
2,388
24,521
35
5,100
5,100
3,430
366,828 439.143
5,100
5,170
110
97
3,223
47,987
97.839
213.969
7.033
Governance costs
2,608
4,425
35,555
17.033)
Support Costs
12.432
47.987
Total expendfture 2021
112,879
253,949
366.828
439,143
5b Prlor yoar
Direct 8xpenditure
Svpport and governance
¢osts allocated
130,456
235,$68
8.067
65,052
439.143
23.526
49,593
8.067
65.052
Total •xp•ndllur• 2020
153,982
285,161
439,143
Support and governance Costs have been allocated on the basis of slaff hours engaged in ea¢h a¢fjvity
(note 1fj.
Of the totsl expendlture, £321.203 was unrestricted {2020: £407,495) and £45.625 was restricted {2020:
£31,648).
27

Voluntary Adion Islin9ton Umlt•d
Notes to the Ilnanclal statements
For the
ear ended 31 March 2021
Analysis of staff Gost$, trustee remun•ration and expens•s and k•y management
Staff costs were as follows..
2021
2020
Salaries and wages
Social security costs
Employer's contribution to definad contrlbuknon penslon schemes
203.971
16,966
10.835
231,772
18.142
223.012
20,484
12.479
255,975
15,572
Agency costs
249.914
271,547
No 8mploye6 received employeg benefits (excluding employer pen5K)n} exceeding £60,000
during the year12020: No employee}.
The total employee benefits induding pension contributions and employerfs n81ional insurance
of the key management personnel were £65.18912020." £68.8191.
The charity trustees were not paid or received any other benefts from employment with the
charity in the year {2020 £nill. No tharity trustee re￿Ived payment for professional or other
serwces supplied lo the charity in the year12020'. £nil) and no Iru$tees wtt￿ relmbursed
expenses {2020.' none).
Staff numbers:
The average number of empbyees (head Gount based on number of staff employed) during the
year was 612020= 6).
The 8verage number of employees (lull time equivalent) durin9 thè year and by a¢tlvlty was as
follows:
2021
No.
2020
No.
M8mb8r S8rwc8s and Support
Sector Development and Volunteering
Support and govemanc8
Taxatlon
The charitable company is exempl trom corporation lax as all its income 1$ Charitable and is
applied for charitable purposgs.
28

Voluntary Action Islington Limit•d
Not¢$ to the flnanclal statements
For the
ar ended 31 March 2021
Net Income {expenditure} for the year
This is staled after chargirKJ:
2021
2020
Depreciation
Board of Trustees - indemnity insurance
Operating lease charges
Auditors, remun8ration
13,892
538
5,434
4.250
13,892
588
5,428
4.250
Tangiblo fixod auots
Furniture,
Fixtures and Lgasohold
Equipment
propety
2021
Total
Cosl
At 1 April 2020
Disposals in year
106,298
104
133,950
240,248
104
At 31 March 2021
106,194
133,950
240,144
Depreciation
At 1 April 2020
Charge for the year
Eliminated on disposal
101,226
1,880
104
85.902
12,012
187.128
13,892
104
At 31 March 2021
103,002
97,914
200.916
Net book value
At 31 March 2021
3,192
36,036
39,228
At 31 March 2020
5,072
48,048
53.120
All of th• abov• assets are used for charitable purposes.

Voluntary kntion Islington Limil•d
Not¢$ to Iho finan¢lal statsments
For thg
gar gndèd 31 March 2021
10 Flx•d asset Inveslments
2021
2020
Llstèd Investments (note 1 Oa)
Investment in subsidiary company Inole
10bl
157,543
202.610
157,544
202,611
10a Listed inv•stments
2021
2020
Analysis of movement of Investments
Market value at start of year
Disposals at market value
Realisgd gains I Ilossesl
Unrealised gains I (losses)
Market value at year end
201,855
170.000>
6.131
18,802
156,788
246,006
144,1511
201.855
Cash instruments and cash held for reinvestment
755
755
Fair value al year end
157,543
202.610
HistoriGal wst
156.595
239,673
The inveslments comprise iwo UK unit trusts.
10b Inveslmont in $ub$ldlory ¢ompany
VAI beneficialty owns the entire shar8 capital of Voluntary Action Services Limited (a company
limited by share capital, company no. 8612449 (England and Wales)). through which VAI'S
ommerGial trading previously Icx)k place. In September 2016 the decislon was taken to
suspend trading through the company. Thè company remained domanl at 31 March 2021.
The share ¢apilal and reserves of the subsidiary are not material and the￿fore no consolidated
accounts have been p￿pared. Disdosure Is conflned to thls note to the accounts.
2021
2020
Investsnenl in Voluntary Action Services Ltd at cost
Al 31 March 2021 VAI held on8 Share of £1. being the entire share captlal of the trading
company.

Voluntary Actlon Isllngton Limi¢•d
Notes lo the financial statements
For th¢
arended 31 March 2021
10b IDvestrnenl in subsldlary company {contlnuedl
Relevant financial information regarding Voluntary Action Services Ltd is as folkw￿.
2021
2020
Assets
Liabilities
Totsl funds
11 Debtors
2021
2020
Trade debto
Other debtors
Prepayrnents
5.760
23.387
5.319
4,649
9,445
5,119
34,466
19.213
12 Cr•ditors: amounts lalllng due wlthin on• y•ar
2021
2020
Amount due undgr finance lease
Tax and social security costs
Trade creditors
AccruaLs
Deferred income
5.339
6,552
12,909
35,465
4,884
4,727
5,783
8.306
15.009
4.789
65.149
38,614
D•f•rred Income
2021
2020
Balance at the beginning of the year
Amount released to income in the year
Amount deferred in the year
4.789
14,789)
4.884
1,453
11.4531
4,789
Balance at the end of the year
4.884
4,789
Deferred income ￿mpriseS fv40 {2020.' thre81 partially del'vered seryice contocls.
31

Voluntary Action Islington Limiled
NotOS to th• finan¢ial statements
For the
ear ended 31 March 2021
13 Cr•ditorn: amount$ falllng due after one year
2021
2020
Amount due under finance lease
5,339
5.339
VAI &ntered into a thre&yoar lease to finance the installation of LED lighting in February 2019
14 Rolatod party transactlons
There are no relaled paty transactions to disclose for 2021 12020: none).
There are no donations from related parties whKh are outside the normal course of businass
and no reslricled donations from related parties.
15 Analysis of group nèt assets bet4veen funds
15a Curront year
Resiricted
funds
Designated
funds
General
funds
Total
funds
Tangibl8 fLxed assets
Investment assets
Net current assets
21.021
11,081
100.000
58.000
7,126
57.544
102.158
39.228
157.544
71,661
27,503
assets at 31 Mar¢h 2021
48.524
53.081
166.828
268,433
15b Prior year
Restricted
Designated
General
Total
Tangible fixed 858ets
Investment assets
Net ¢urrenl assets
Long t8m liabilities
28,029
15,590
100,000
2.OCK)
9,501
102,611
23,108
5,339
53,120
202.611
44,368
5.339
19,260
Not a$$ots at 31 March 2020
47,289
117,590
129,881
294,760
32

Voluntary Actlon Islington Limit•d
Notes to the financlal Statements
For the
ar ended 31 March 2021
16 Mov•monts in funds
16a Current year
At th8 start
ofthe year
Incoming Outgoing and
and gain5
losses
At th• ènd
Transfars of the year
Restricted funds:
Children and Young P8oplè's
Voluntary Sector Forum
Islington Environment Forum
Infrastructure support
strengthening communlties
through volunteering
Voluntary and Community Sector
Emergency Partnership
Fixed assets
13,695
5.565
20,000
111,757)
21.938
5.565
3,750
(3,750)
20.110
{20.110)
3.000
13,0001
7.008
28.029
21,021
Tol•l reslrl¢ted funds
47,289
46,860
45,625
48.524
Unrostricted funds:
De&gnated fvnds."
Building improvement
ICT infrastructure development
Relocation
Service continuity
Service development
Fixed assets
5,000
4,000
65,000
15.000
13,000
15.590
5.000
4.000
33,000
132,000)
115,0001
113,000)
4.509
Total deswnatsd funds
General funds
117.590
14,509}
316,694
160,000)
60,000
53,081
166,828
129881
293,641
Total unrostrfdod funds
247 471
293,641
321,203
219.909
Total funds
294.760
340.501
366.828
268 433

Voluntary A¢tion l$llngion Llmltod
Notos tt> the flnanclal slatements
For the
ear ended 31 March 2021
18 M¢)voments In funds Icontlnuod)
16b Prior year
At the start
of the year
Incoming Outgoing and
and gains
losses
At the end
Transfers of the year
Restrlcted funds:
Children and Young People's
Voluntary Sector Forum
lslinglon Environment Forml
Fixed assels
18,335
5,565
35,037
20.000
124.6401
13.695
5,565
28.029
7.008
Total restricted funds
58,937
20.000
31,648
47.289
Unrnstrlctad fund$:
Designated funds..
Building improvement
ICT infrastructure development
Relocation
SeNice ￿ntinuty
Service development
Fixed assets
5.000
12,000
65.000
15,000
13,000
14,850
124,850
5.000
4.000
65.000
15.000
13,000
15.590
117.590
14,536)
(3.4641
4,509
19,045>
442.601
5.249
1,785
Total designated funds
General funds
177,319
396.948
1.785
129.881
Total unrestricted funds
302 169
396,948
416,948
451,646
483.294
247,471
294,760
Total funds
361,106

Volunlary Actlon Isllngton Limitod
Notes to the financial stalemenl$
For the ear ended 31 March 2021
16c Movements in funds (contlnuod)
Purpose of restrlcted funds
Children and Young
Funds provided by the London Borough of Islington to support
People's Voluntary Sector acltvili88 by the Children's Voluntary Sector Forum.
Forum
Islington Environment
Forum
Funds transferred from Groundworf( London that a￿ for activities
undertaken by the Islington Environment Forum.
Infrastructure support
Grants from London Plus for purchasing laptops to support the
Volunteer Cenlre's response to COV￿-19.
Strengthening
communities through
volunteering
A grant paid by City Bridge Trust from the London Community
Response Fund to support VCS groups to adapt their serviGes in
response to Covid-19.
Voluntary and Community A grant from NAVCA to provide local intelligence, supplled vla
Sector Emergency
weekly Emergency Partnerships Pulse Check Surveys, about local
Partnership
priorty concems arising from Covid-19.
Fixed ass8ts
To cover the future depreciation of Voluntary Action lslington's fixed
assets originally paid for from reslricled fun¢Jing.
Purpose of designated funds
Bulldlng Improvement
A fund to invest in improving thé Resource Centre 80 that il remains
an up to date facility Ihal is attractive to charities and community
organi$abons.
ICT infrastructure
development
A fvnd lo invest in essentlal improvements to the ICT infrastructure
of the Resource Centre.
Relocation
A fund to be bullt up over the next 10 years so that Volunlary Aclion
Islinglon 1$ in a position to manage its liabilitses al the and of the
lease on the currgnt building in 2024 arKI to seek alternative
premises.
Servlce continully
Funds to support continuity of service provision durfng a period
when our income has been t1ecreasing. Di￿tinued in 2021.
Service development
A fund to devglop new services. Discontinued in 2021.
Fixed assets
To cover the fLrture depreciation of Voluntary Action l$lington'$ fixed
assets originally paid for from unrestricted funds, excluding those
purehased under the finance lease.
35

Voluntary Actlon Islington Limited
Noto$ to the Ilnancial $latsmenls
For Ihe
ar ended 31 March 2021
17 R•conciliation of net Income l (expendlturel to net Gash flow from op•rating acllvities
2021
2020
Net movem￿1 In funds for the reportlng period
(as per the statement of finan¢lal actlvltles)
Depreciation
Interest, rent and dividends from investments
(Gains) I losses on investments
(Increase) I decrease in deblots
Increasé I Idecreasel in creditors
Not cash provided by l {used Inl operating activities
126.327
{66.3461
13,892
19.4891
(24,9331
(15.2531
21.196
40.914
13,892
(12.6341
44,151
8.197
9,457
22.197
18 Analys15 of Gash and cash equlvalents
At31
March
2021
At 1 April
2020
Other
changes
Cash flows
Cash at bank and in hand
Cash held by investment managers
63.769
755
38,575
102,344
755
Total cash and cash equlval•nts
64.524
38.575
103,099
19 Operatlng lease commitrngnts
The charws lotsl future minimum lease payments under nOn￿nCelIable operating leases is as
follows for each of the following periods
Equlpment
2021
2020
Less than one year
One to five years
5,428
7.436
5,428
12.864
12.864
18.292
20 Contingent liabilty
Under the terms ol lease for its current wemlses Voluntary Action Islinglon is Ilable for the
costs of restoring the property to Tts original Condition, including removal of all fixtures and
fillings, if so required by the landlord when yielding up th& property al the end of the lease term
(October 20241. The extent of the works Ihal will be required and the consequent cost cannot
reasonably be estimated al this time and so no provision ha5 been made for this in the
accounts.

Voluntary Acllon Isllngton Limited
Ngte5 to the financial statements
For the ar ended 31 Mar¢h 2021
21 Company limited by guarantee
VolL•ntary Action Islington is a company limited by guaranlge and accordingly does not hav8 a
share capital.
Ev&ry member of the company undertakes to contribute such amounl as may be required not
exceeding £10 to the assets of Ihe charitable company in the event of its being wound up whll8
he or she is a member, or within on8 year after he or she ￿aSe5 to be # member.
37