|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|||
##
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##
|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|
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|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|
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