2022-03-31-accounts

Chief Executive Officer and	Chief Executive Officer and
Company	Secretary
		Nawnder Kaur
Auditor		Goldwins Chartered		Accountants
		75Maygrove	Road
		West Hampstead
		London
		NW6 2EG
Bankers		Unity Trust Bank pic
		Nine Brlndley	Place
		Birmingham
		812HB
Solicitors		Bates Wells
		10Queen Street Place
		London
		EC4R1BE

Forthe ear ended	31March 202	2
					2022			2021
		Note	Restricted f	Unresbicted	Totalf	Restricted f	Unrestricted	Total
Income from:
Donations and legacies				75,000	75,000	3,750	75,716	79,466
Charitable activities
Community Development			41,132		41,132
Member Services and Support				4,939	4,939	20,000	6,585	26,585
Sector Development and
Volunteering			75,781	199,334	275,115	23,110	144,356	167,466
Investments				7,478	7,478		9,489	9,489
Other				4,282	4,282		32,562	32,562
Total income			116,913	291,033	407,946	46,860	268708	315568
Expenditure on:
Charitable activities
Community Development			14,020	2,434	16,454
Member Services and Support			4,274	63,304	67,578	11,757	101,122	112.879
Sector Development and
Volunteering			33860	253,768	287637	33868	220,D81	253,049
Total expenditure		5	52,183	310030	371859	4~625	321 2113	366828
Net (expenditure)	income before	net
gains (losses) on	invesbnents		64,750	(28,473)	36,277	1,235	(52,495)	(51,260)
Net gains (losses) on investments		10		16,035	18,035		24,933	24,933
Net (expenditure)	income for the
year		8	64,750	(12,438)	52,312	1,235	(27,562)	(26,327)
Transfers between	funds		{5,565	5585
Net movement in funds			59,185	(6,873)	52,312	1,235	(27,562)	(26,327)
Rsconciliagon offunds:
Total funds brought	fonvard		48524	219909	268433	47289	247471	294760
Total funds cerned	forward	15	1117.7DB	213.D36	323745	48524	219909	208.433

Voluntary Action Islington	Voluntary Action Islington	Voluntary Action Islington	Limited (Umited	by guarantee)	by guarantee)
Balance sheet
					Company		No. 01913555
Aaat31 March	2022
				Note	2022f		2021
Fixed assets
Tangible assets				9	27,522		39,228
Investments				10	173,578		157,544
					201,101		196,772
Current assets
Debtors					17,178		34,466
Cash at bank and in hand					176072		102,344
					193,251		136,810
Liabilities Creditors: amounts		falling due within one year		12	~73607 ,	~65,149
Net current assets					118,644		71,661
Net assets				14	320,745		266.433
Funds				15
Restricted funds					107,708		48,524
Unrestricted funds:
Designated funds General funds					50,509 162527		53,081 166028
Total funds					320 745		268,433

					Note	2022	2022	2021	2021
							5	5
Net cash provided by (used		in) operating		activities	16		69,165		(40,914)
Cash Rows from invesfing	activities:
Dividends from investments						7/78		9,489
Sale (purchase) offixed assets						(2,915)
Sale (purchase) ofinvestments								70,000
Cash provided by (used in)		investing	activities				4,563		79,489
Change in cash and cash	equivalents		in	the year			73,728		38,575
Cash and cash equivalents	at	the beginning		ofthe year			103,099		64,524
Cash and cash equivalents		at the end	of	the year	17		~176827		103,099

Income from donations an	d legacies
		Restricted		Unrestricted		2022	2021
						Total	Total
						6
London Borough of Islington				75,000		76,000	75,000
Other grants and similar income,
under 65,000each							4,466
				75	DDD	75 DDD	79460
Voluntary Action Islington benefit from a Section 106Agreement					that provides accommodation
at a peppercorn rent. As it	is not possible		to put an	accurate	value to this, it hss		not been
recognised in the Statement	ofFinancial	Activities.
Income from charitable activities
		Restricted		Unrestricted		2022	2021
						Total	Total
			6			6
London Borough of Islington
Local Wellbeing Network			30,000			30,000
Peabody
Local Wellbeing Network			11,132			11 132
Sub-total for Community Development			41,132			41,132
		Restdicted		Unrestricted		2022	2021
						Total	Total
			6
Greater London Authodity (via Hackney
Council for Voluntary Service)
Young Londoner's Fund	Network			4,639		4,$36	6,565
London Borough of Islington
Children and Young People' s
Voluntary Sector Forum							20,000
Sub-total for Member Services and
Support				4	939	~ 030	26 585

3	Income fmm charitable	activ	itie	s (conti	nued)
					Restricted	Unrestricted	2022	2021
							Total	Total
							6
	Community resource and	other
	service income					154,322	154,322	117,439
	London Borough of Islington COVID-19vaccination rog-out			support		36,026	36,026	12,020
	COVID-19vaccine uptake				59,281		59,281
	London Community Foundation		(via
	Peabody) .
	South Islington volunteering
	opportunities				15,000		15,000
	London Community Response		Fund
	(via City Bridge Trust)
	Strengthening communities volunteertng		through					20,110
	Donations and similar income,		under
	55,000 each				1,500	8,986	10,486	17,897
	Sub-total for Sector Development			and
	Volunteering				75,781	468334	275,115	167.466
	7 t it 1 3 it	ht~	6i	it	118.813	204,273	321,186	194,051
4	Other income
					Restricted	Unrestricted	2022	2021
							Total	Total
							5
	Coronsvirus Job Retention	Scheme				4,282	4,282	24,562
	London Borough ofIslington
	Additional Restrictions	Grant
	supporting Islington businesses
	through Covid 19							8,000
						4.282	~282	32.562

Volunlary Actien lslington Umg	Volunlary Actien lslington Umg	Volunlary Actien lslington Umg	Volunlary Actien lslington Umg	ed
Notes tothe snancml statements
Porths earended		M March 2022
6	Analysis ofexpenditure
6a	Currentysar			Charitable		acdviges		Governance		Support	2022	2021
							Sector		«oats	Ocala	Total	Total
					Member		Development
				Community Services end			and
				Development		Support	Volunteedng
				2		2	2
	Stuff costs (note	6)		12349		51,825	132,884		1,638	18,090	245866	231,772
	Agency staff					800	4,596			18,876	StATS	18,142
	Other stall costs			391		aey	1,396			241	2,485	1,686
	Direct sctrvty coals						6,221				6,221	12,734
	Premises			400		1,450	65,104		40	510	S7,604	ae,coy
	Depredation									14,621	14,821	13,892
	Admin and ICT			567		2,239	31,280		44	551	S4,681	41,058
	Compgsncs						58		3,800	3,938	7,896	9,530
				13,607		56,561	241,541		5,333	54,627	271Sag	366,828
	Govorrlsnca coats			S47		1,389	3,647	(5,333)
	Support Costs			2 500		9878	42449
	Totalsxpenditure	2022		16rl54		67578	287SST				~274 868	~365 628
Sb	Prior year
	Direct expenditure					97,839	213,969		7,033	47,987	366PI28
	Support end govemonee costs slocoted					15040	39960~7033 ~47987
	Tetalexpenditure	2021			112879		253949				356828
	Suppert end governance		costs	have been allocated	on the basis ofstaff hours			engaged	in each activity (note		lfl.
	Ofthe total expendaure,		6319506wss «nrestddud		(2021r2321 203)and 652163was				restricted (2021:845625).

Fo	r the ear ended 31 March 2022	r the ear ended 31 March 2022	r the ear ended 31 March 2022	r the ear ended 31 March 2022	r the ear ended 31 March 2022	r the ear ended 31 March 2022
6	Analysis ofstaff costs, trustee remuneration						and expenses and	key management
	Staffcosts	were as follows:
								2022	2021
								6	5
	Salaries and		wages					187mo	203,973
	Redundancy		and termination		costs			4,208
	Social security costs							14,731	16,966
	Employers	contdibution		to defined		contribution	pension schemes	10,348	10,835
								216,687	231,774
	Agency costs							16,601	18,142
								233,288	249.912

The average follows:	number ofemployees (full time equivalent)	during the year and by activity	wss as
		2022	2021
		No.	No.
Community Development Member Services and Support		0.3 1.1	1.9
Sector Development snd Volunteering		3.0	3.2
Support and	giwernance	0.4	0.2
		4.8	5.3

This is stated after	charg	ing:
							2022	2021
							5	5
Depreciation							14,62'I	13,892
Board ofTrustees - indemnity			insurance				492	538
Operating lease charges							8,319	5,434
Independent Examiner's		(2021:Auditor's')			remuneralion:		3,000	4,250
Tangible fixed assets
						Furniture,
						Fixtures and	Leasehold	2022
						Equipment	property	Total
						5		5
Cost
At 1 April 2021 Additions in year Disposals in year						105,194 2,915 ~7712	133,950	240,144 2,915 ~7712
At 31 March 2022						1D1 307	133950	235 047
Depreciation At 1 April 2021						103,002	97,914	200,916
Charge for the year Eliminated on disposal						2,609 ~772	12,012 -	14,621 ~7772
At 31 March 2022						97209	1D9920	207 220
Net book value
At 31 March 2022						3,490	24,D24	27,022
At 31 March 2021						3,192	36,036	39,228
AR ofthe above assets are used for charitable						purposes.
Fixed asset investments
							2022	2021
Listed inveslments	(note	10a)					173,578	157,543
Investment in subsidiary		company		(note 10b)			1	1
							173,579	157,544

Listed investments
	2022	2021
	E	E
Analysis ofmovement ofinvestments
Market value at start ofyear	166,788	201,855
Disposals at market value		(70,000)
Realised gains I(losses)		6,131
Unrealised gains I(losses)	15855	18,802
Market value atyear end	172,823	156,788
Cash instruments and cash held for reinvestment	766	755
Fair value at year end	173,678	157,543
Historical cost	158,595	158.595
The investments comprise two UK unit trusts.

accounts h	ave	been pr	epared.	Disclosur	e is	co	nfined to this not	e to the accounts.
								2022	2021
								E	E
Investment	in	Voluntary	Action	Services	Ltd	at	cost	1	1

Relevant financial information regarding Vo	luntary Action Services Ltd isas follows:
	2022	2021
	E	E
Assels
Liabilities
Total funds

Debtors
		2022	2021
Trade debtors		9,108	5,760
Other debtors		798	23,387
Prepayments		7,273	5,319
		17,119	34,468
Creditors: amounts	falling due within one year
		2022	2021
			2
Amount due under iinance lease			5,339
Tax and social security costs		4,777	6,552
Trade creditors		10,643	12,909
Other creditors		1,515
Accruals		53,119	35,465
Deferred income (nots 12)		3,653	4 884
		73,697	65 149

				2022	2021
				6
Balance	at the beginning of		the year	4,884	4,789
Amount	released	to income	in the year	(4,884)	(4,789)
Amount	deferred	in the year		3,663	4,884
Balance	at the end ofthe year			3 653	4.884

Current ye	ar
		Restricted	Designated	General	Total
		funds	funds	funds	funds
		F	6	6	5
Tangible fixed assets		14,013	13,509		27,522
Investment	assets		33,000	140,579	173,579
Net current	assets	93,696	4,000	21,948	119,644
Net assets	at 31 March 2022	107,709	50,509	162527	320,745
Prior year
		Restricted	Designated	General	Total
				5	5
Tangible fixed assets		21,021	11,081	7,126	39,228
investment Net current	assets assets	27503	100,000 ~08000	57,544 102150	157,544 71001
Net assets	at 31March 2021	40 524	53,081	166020	~268 33

For	the ear ended 31 March	2022
15	Movements in funds
16a	Current year
			At the start	Incoming	Outgoing and		At the end
			ofthe year	and gains 5	losses	Transfers 6	ofthe year 5
	Restricted funds:
	Children and Young People' s
	Voluntary Sector Forum		21,938		(4,274)		17,664
	Islington Environment Forum Local Wellbeing Network		5,565	41,132	(14,020)	(5,565)	27,112
	South Islington volunteering
	opportunities			15,000	(898)		14,102
	Covid-19 Vaccination Programme			59,281	(24,463)		34,818
	Voluntary and Community	Sector
	Emergency Partnership Fixed assets Total restricted funds		21,021 48.524	1,500 116.913	(1.500) ~7000 ~52,163	~5.665	14013 107.700
	Unrestricted funds:
	Designated funds:
	Building improvement ICT infrastructure development		5,000 4,000		(5,000)		4,000
	Relocation Fixed assets		33,000 11,081		~7,613	1D041	33,000 13,509
	Total designated funds		53,081		(12,613)	10,041	50,509
	General funds		166828	307 M0	~3M 803	~4476	162027
	Total unrestricted funds		210909	3D7008	~379506	5605	213036
	Total funds		268433	423.901	~377,M0		320745

15 Movements in funds	(co	ntinued)
151Prior year			At the start	Incoming	Outgoing and		At the end
			ofthe year f	and gains f	losses f	Transfers f	ofthe year f
Restricted funds:
Children and Young People's Voluntary Sector Forum			13,595	20,000	(11,757)		21,938
lslington Environment	Forum		5,555				5,565
Infrastructure support				3,750	(3,750)
Strengthening communities
thmugh volunteering				20,110	(20,110)
Voluntary and Community		Sector
Emergency Partnership Fixed assets			28,029	3,000	(3,000) ~008		21,021
Total restricted funds			47 289	40 MD	~40,620		48 524
Unmstricted funds:
Desfgnefed funds:
Buikling improvement ICT infrastructure development			5,000 4,000				5,000 4,000
Relocation			65,000			(32,000)	33,000
Service continuity			15,000			(15,000)
Service development Fixed assets			13,000 15,590		~4.509	(13,000)	11,081
Total dei'gneled funds			117,590		(4,509)	(60,000)	63,081
General funds			120001	293,041	~310,694	SD.DDD	166,828
Total unrestricted funds			247471	2S3,S41	~1321,203		219,909
Total funds			204,760	34D501	~3M,028)	—	M0,403

Children andvoung	Children andvoung	Children andvoung		Funds provided by the London Borough of Islington to support
People's Voluntary			Sector	activities by the Children's Voluntary Sector Forum.
Forum
Islington Environment				Funds originally transferred from Groundwork London for activities
Forum				undertaken by the Islington Environment Forum, led by an
				Independent Chair. After five years of inactivity, with multiple
				attempts made over time to contact representatives ofthe Forum to
				ascertain their intentions for this funding, VAI's trustees have
				concluded they are no longer required for this restricted purpose
				and taken them back to general funds.
Infrastructure	support			Grants from London Plus for purchasing laptops to support the
				Volunteer Centre's response to Covid-19.
Local Wellbeing		Network		As part of Islington Council's 'Fairer Together' initiative, VAI and
				Octopus Community Network have been funded to develop Local
				Welibeing Networks in the North, Central and South localities to
				increase collaboration between local services and to provide a
				plafform for community voice.
South Islington				To provide outreach services to Peabody residents especially those
volunteering	opportunities			located in the south ofthe borough.
Strengthening				A grant paid by City Bridge Trust from the London Community
communities	through			Response Fund to support VCS groups to adapt their services in
volunteering				response to Covid-1 9.
Covid-19Vaccination				Funded by NCL Clinical Commissioning Group and Department for
Programme				Levelling Up, Housing and Communities, the programme aims to
				improve Covid-19 vaccination take up in areas and communities
				where it is low.
Voluntaryand	Community			Grants from NAVCA to provide local intelligence, supplied via
Sector Emergency				weekly Emergency Partnerships Pulse Check Surveys, about local
Partnership				priority concerns arising from Covid-19.
Fixed assets				To cover the future depreciation ofVoluntary Action Islington's fixed
				assets originally paid forfrom restricted funding.

Reconciliation ofnet income / (expendit	ure)	to net c	ash flow from	operating	activities
				2022	2021
				6
Net movement in funds for the reporting	period			52,312	(26,327)
(as per the statement ofRnancial activities) Depreciation				14,621	13,892
Interest, rent and dividends from investments				(7,478)	(9,489)
(Gains) / losses on investments				(16,035)	(24,933)
(Increase) / decrease in debtom				17,287	(15,253)
Increase/(decrease) in creditors Net cash provided by / (used in) operating		activities		8,458 99199	21 199 ~49914
Analysis ofcash snd cash equivalents
					At 31
	At	1April		Other	March
		2021	Cash flows	changes	2022
				F
Cash at bank and in hand	102,344		73,728		176,072
Cash held by investment managers		755			?55
Total cash and cash equivalents	103,099		73,728		176,827

follo	ws for each ofthe following periods
		Equipment
		2022	2021
Less	than one year	8,582	5,428
One	to five years	31,538	7,435
Over	five years	1313
		42,033	12,864