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2021-03-31-accounts

Company Registration No 1998105 (England & Wales) Charity No 517766

DUDLEY COUNCIL FOR

VOLUNTARY SERVICE

DIRECTORS’ AND TRUSTEES’ REPORT

AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

DUDLEY COUNCIL FOR VOLUNTARY SERVICE

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

CONTENTS

Page
Legal and Administrative Information 2
Report of the Trustees 3 - 7
Report of the Independent Auditors 8 - 11
Consolidated Statement of Financial Activities 12
Consolidated Balance Sheet 13
Company Balance Sheet 14
Consolidated Cash Flow Statement 15
Notes to the Financial Statements 16 - 32

1

DUDLEY COUNCIL FOR VOLUNTARY SERVICE

COMPANY INFORMATION FOR THE YEAR ENDED 31 MARCH 2021

Directors and Trustees Mr. M.V. Abrahams (during the year ended 31 Rev Paul Westwood March 2021 and to date)

Mrs. S.A. Huband Mr. J.T. Keys Mr. D.R. Liddington Mrs. A.J. Sayer

Miss K.L.Fielder

Miss. A.E. Adams Mrs. J.H. Clarke MBE

Mr. G.M. Jones Mrs. A. Khalid Mrs. M. E. J. Turner Mrs. S. Bassett (appointed 22 October 2020) Mrs. J. Coleman (appointed 22 October 2020)

Chairman Mr. M. V. Abrahams Vice Chairman Mrs. M. E. J. Turner Secretary/Chief Officer Mr. A. J. Gray Treasurer Mr. G. Jones Company Number 1998105 Charity Number 517766 Registered Office 7 Albion Street Brierley Hill West Midlands DY5 3EE Auditors Worton Rock Limited Churchfield House 36 Vicar Street Dudley West Midlands DY2 8RG Bankers National Westminster Bank Plc Merry Hill Centre Brierley Hill West Midlands DY1 1LW Solicitors Higgs and Sons 3 Waterfront Business Park Brierley Hill West Midlands DY5 1LX

2

DUDLEY COUNCIL FOR VOLUNTARY SERVICE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

The trustees, who are also directors of the charitable company for the purposes of the Companies Act 2006, present their annual report with the financial statements of the charitable company and group for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015).

The legal and administrative information set out on page 2 forms part of this report. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association and the Statement of Recommended Practice applicable to charities (FRS102).

Objectives and activities

The charity’s object and its principal activity continues to be that of promoting any charitable purpose for the benefit of the community within the Metropolitan Borough of Dudley and, in particular, the advancement of education, the furtherance of health and the relief of poverty, distress and sickness, to promote and organise co-operation in the achievement of such purposes and, to that end, to bring together in Council representatives of the statutory and voluntary organisations engaged in the furtherance of such purposes within the area of benefit.

We have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set.

ACHIEVEMENT AND PERFORMANCE

The charity’s aims are to assist the voluntary sector within the Metropolitan Borough of Dudley.

Working in partnership with others continues to be a cornerstone of the company’s work. During the year the company played a major role in the following initiatives, to name but a few:

The company maintained its representative role in the strategic engagement arena, supporting such bodies as Dudley Integrated Health and Care Partnership, Safe and Sound Partnership and Health Protection Board.

Relationships with local voluntary and community organisations were maintained and strengthened through the continued facilitation of several local networks.

The charity monitors its success by use of polls and surveys. In addition, specific reports are prepared for the funders on several projects.

3

DUDLEY COUNCIL FOR VOLUNTARY SERVICE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

ACHIEVEMENT AND PERFORMANCE (CONTINUED)

The company supported the Building Better Opportunities Programme, hosting the Family Matters team at Dudley CVS.

The company played a major role in partnership with Dudley MBC in their strategic response to the Covid-19 pandemic –

Set up and co-ordinated VCS response to Covid-19, facilitated 5 virtual networks, recruited and co-ordinated volunteers to support the purchase and delivery of food/medication and to support befriending of those shielding, operated a Covid-19 helpline, oversaw Welfare Assistance grants supporting those most vulnerable and Workforce Capacity grants.

Fund raising standards

As disclosed in the attached notes, the company runs annual fundraising for its Operation Santa Toy Appeal. This is promoted through its bi-monthly newsletter and also by the Volunteer Centre Development Officer. No direct public collections are made, donations being received via a Just Giving page, or cheques etc. at the company’s office. Huge support is received from local businesses either by direct contributions or adopting the cause as their nominated charity.

No professional fundraisers are used and the company monitors the activities of the Appeal through its normal line management procedures and feedback from the sector. The company has not received any complaints in respect of this Appeal and vulnerable people are not at risk from any of its activities.

FINANCIAL REVIEW

The company is grateful as always for the continued support of Dudley MBC, Dudley CCG and Big Lottery Fund. The continuing restriction of public sector finances makes it important for the charity to continue its efforts to diversify income streams.

All of our restricted fund projects are of course reliant on continuing grant income, as are our activities relating to Integrated Plus and Youth Health Champion. Our core activities are partly grant funded topped up by other income we are able to attract and utilisation of reserves held if considered appropriate.

The company acknowledges the continuing funding from Big Lottery Fund for its Emergent Cultures project and also from Dept. of Health for its A&E High Intensity User Social Prescribing project. Details of both are included in note 25.

The Covid-19 pandemic has obviously affected the group, particularly the operation of Brierley Hill Civic Hall. Given the social distancing guidelines in place, the Board decided to close Brierley Hill Civic Hall on 16[th] March 2020. Advantage has been taken of the Coronavirus Job Retention Scheme and various Government grants available via Dudley MBC. Normal activities recommenced in July 2021 in line with Government guidelines in place at the time.

Grants Payable

With the exception of the designated fund for Patient Participation Group set up costs financed by Dudley CCG, the company does not make grants from its unrestricted funds. It does, however, administer various funds on behalf of statutory partners as and when requested. Such funds are treated as restricted in the accounts and a description of their purpose is stated in note 25 to the accounts. The company will promote such funds through its networks and facilitate panels to scrutinise and assess applications. Grants are all paid to organisations within the voluntary sector and not to individuals (with the exception of Covid Welfare Grant referrals).

4

DUDLEY COUNCIL FOR VOLUNTARY SERVICE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

Reserves policy

The charitable group’s funds at 31st March 2021 were as listed below.

£
Restricted funds detailed in note 23 430,719
Designated funds detailed in note 24 242,720
General funds invested in fixed assets 69,571
General funds in current assets – free reserves 266,153
_
Total funds 1,009,163
_

Reserves policy (continued)

The trustees have established a policy whereby the unrestricted funds, not designated for the next 12 months or invested in fixed assets, should be maintained at 2 months of the resources expended on core services. This level has been chosen because the grant funding for core activities is received on a quarterly basis and this level of reserves means that core activities can be maintained until receipt of the next instalment of the grant. On this basis the required level of free reserves at 31 March 2021 was £89,000 and the actual level of free reserves was £266,153.

Investments

Under the Memorandum and Articles of Association, the charity has the power to make any investment which the trustees see fit.

Plans for Future Periods

The charity plans to continue its activities outlined above subject to adequate funding being secured. The trustees are constantly aware of the need to support any voluntary organisation within the Borough and in so doing make full use of the company’s expertise and utilisation of its financial assets to that end. CVS remains firmly committed to its members and also to its continuing involvement in the ever-increasing strategic agenda.

Discussions are continuing in respect of possible further transfers/management of assets to further diversify potential income streams.

Shortly before the end of the prior financial year the Covid-19 pandemic struck. The charity mobilised its team and local volunteers to support local efforts. It is envisaged that this work will continue for most of the 2021 calendar year.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

The charity is constituted as a company limited by guarantee and governed under its Memorandum and Articles of Association. The liability of the members is limited to a sum not exceeding £1 in the event of the company being wound up.

Recruitment and Appointment of Trustees

All directors of the company are also trustees of the charity and there are no other trustees. All of the trustees serving during the year are listed on page 2. Elections to the Executive Committee take place at each AGM when one third retire but are eligible for re-election. The Board has power to appoint directors or trustees if it considers it necessary so to do. Potential trustees are nominated by and from within the membership.

Trustee Induction and Training

Trustees are already familiar with the work of the charity having come from within the voluntary sector. All new trustees attend an induction session facilitated by the Chairman and Chief Officer, covering the obligations of trustees, key documents relating to the operation of the charity, funding and future plans and objectives.

5

DUDLEY COUNCIL FOR VOLUNTARY SERVICE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

Trustees insurance

The charity provides third party indemnity provision for the trustees.

Organisational Structure

The charity is organised so that the 14 directors/trustees, who include 3 honorary officers, meet regularly to manage its affairs and formulate the policy of the charity and its subsidiary companies. The Chief Officer/Company Secretary manages the day to day administration of the charity assisted by their staff. CVS is grateful, also, to a number of volunteers who assist in various capacities. In addition, each Board member is assigned to either the Finance and General Purpose or Staffing Sub-Committee. These committees also meet quarterly and report to the next Board meeting.

The company holds three annual ‘Away Days’ for (1) trustees, (2) staff and (3) trustees and staff combined.

Arrangements for setting key management and personnel remuneration

The Staffing Sub-Committee is charged with setting remuneration of key management personnel, referring to published pay scales and job roles, comparisons amongst the CVS network and any other advice or guidance they feel necessary.

Risk Management

The trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to mitigate those risks. Internally there are nominated senior staff responsible for Health and Safety compliance, qualified first aiders, regular staff meetings and a staff led I.T. sub-group. Formal policies e.g. Data Protection, Lone Working, Financial Procedures, and General Data Protection Regulation are regularly reviewed and updated where necessary.

As explained in the financial review the continuance of certain projects depends on the availability of continuing grant income. If grants for core activities ceased there is sufficient buffer to enable the charity to continue whilst the trustees consider how to restructure.

6

DUDLEY COUNCIL FOR VOLUNTARY SERVICE REPORT OF TEE TRUSTEES FOR THE YEAR ENDED 31 MARCH JJ21 Ststement rftru5tee%' mpoo$il)ilities The ￿Ls￿¢s (wbo att also directors of Dudley Council for Voluntary Seryi¢¢ the ￿[Pl￿S of comp&ny law) arc responsible for pretwing the TTThglees' Re￿[ and Ihe ffflancial statements in ac£oTdw)¢e with apphcable law and United Kingdom ACC￿ Standard8 Ojnited Kingdom Generally A￿ed A￿l￿￿tIng Pra¢tiL%). CoMp￿Y law r￿l￿$ the tn￿e¢S kn W¢p￿e fmallcTral stat¢]n¢nts for ¢ath fiDancial year which give a true al￿ fair iciv of the state of affairs of Lhe clwilable company a￿d the ￿0￿p al￿ of the inc(xning Tesources and application of r¢sourc£s. includill8tk income and ¢xpcnditur¢. of th¢ ￿lIable company and group for the ycar. In prewillg tbes¢ financial ststwents, the trust¢¢8 arc r¢wiTcd to.. s¢kct suitsble acwunting tKJlicies and tlw gpply them coJ8iSQtIy' obscThe the meth￿$ pIinciples in the Ckniti¢s SORP 21115 (FRS1112)" make judgements and estimates that are reasonable and pn￿¢llr, 5tatc w]￿ther applicable UK A¢coullttng Styulard5 havc kn followrt sub￿1 ￿ any Matri￿ thpATthre5 disclos&] And explained in the fllwicial ST￿emen1&. ptEpar¢ the fllwicial sthtemettts on the going concern b&sis unless it 18 itWPfOPTiate to preswn¢ thai the chwit&ble Company will cont￿U¢ in operation. The trustees are responsible for keeping adequatr x¢(wTrting Tecords which disclosc with Tcasonablc &c￿raCY at au) time th¢ finm¢ial posilion of the clwitsble compally arma Broup and cRablc tkm to ¢￿sU￿ that th¢ financial sWrnTrenls omplv with the CompaDiGS knt 21X)6. They are akn Tespowibke for s&fe8uardirtg the assets of the charitable eompatty al￿ ￿llP aud hence for tsking Teasotlable st¢lK8 for thc wov¢ntiiYk Jnd dctection of froud and otber irre8ulaTities. The tntss aTr responsthl¢ fortho maintowi¢£ and inkgrity of th¢ cory￿rat¢ and financial inf0m￿lon inclu&d oll th¢ ch￿l￿ble company's website. Lt¥Fylation the United Kingdom governing the pr¢pfjration dissemADation of fJJwi¢iaL statements may dilTcr from le8islation in other jurisdictions. In 80 faras the trustees are asv8re: there is ￿l¢vallt auditiDfornknion of whith th¢ group's audilor is ullaw￿: and the trustss have tsken all ps that they ought trj bave tsk￿ to mak¢ thenwlves aware of auy audit infonn￿l0￿ estsblisb d)at thc auditor is awATr of that informattotL Audlt( A resolution prOF￿Ang that Worton R￿k Limited be le4)￿ltited &8 ￿ollp auditors of the company will be put to the Thi8 rewrt has b¢cn Pre￿red in ac£0[￿ with the SFeC￿ provisions of Part IS of the Compani¢s Art 2006 Telating lo srna]1 ¢4ynpanies. By order of the Board M. V. Abrahams Chaimian 5 Oclober 2021

DUDLEY COUNCIL FOR VOLUNTARY SERVICE

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS AND TRUSTEES OF DUDLEY COUNCIL FOR VOLUNTARY SERVICE

Opinion

We have audited the financial statements of Dudley Council for Voluntary Service (the ‘parent charitable company’) and its subsidiaries (the ‘group’) for the year ended 31 March 2021 which comprise the Group Statement of Financial Activities (incorporating the group income and expenditure account), the Group and the Company Balance Sheet, the Group and the Company Cash Flow statement 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:

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 Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s 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

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

Other information

The trustees are responsible for the other information. The other information comprises the information included in the report of the trustees, other than the financial statements and our auditor’s 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.

8

DUDLEY COUNCIL FOR VOLUNTARY SERVICE

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS AND TRUSTEES OF DUDLEY COUNCIL FOR VOLUNTARY SERVICE (CONTINUED)

Other information (continued)

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 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.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the group and parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the report of the trustees.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and the Charities Act 2011 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 6, 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 the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

9

DUDLEY COUNCIL FOR VOLUNTARY SERVICE

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS AND TRUSTEES OF DUDLEY COUNCIL FOR VOLUNTARY SERVICE (CONTINUED)

Responsibilities of trustees (continued)

In preparing the financial statements, the trustees are responsible for assessing the group’s and parent charitable company’s 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 group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed auditor under the Companies Act 2006 and section 151 of the Charities Act 2011 and report in accordance with those Acts.

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 auditor’s 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.

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 specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud are detailed below:

: enquiry of management as to any knowledge of actual, suspected or alleged fraud

: enquiry of management of any instances of non-compliance with laws and regulations

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. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. 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 Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

10

DUDLEY COUNCIL FOR VOLUNTARY SERVICE INDEPE1￿E1￿[ AUDITORS, REPORT TO THE MEMBERS AND TRUSTEES OF DITDLEY COUNCIL FOR VOLin¥TARY SERVICE {cofaiNUED) Use of our rel￿rt TEiis report 15 made solely to the charitable company's mernbcrs, as a tx)dy, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and tc> thc ¢haritablc company's lrnstees. as a body. in accordanc¢ with Part 4 of ihe Charities (Accounts and Reports) Regulations 2008. Our audit work has b¢en undertakevt so that w¢ might state to the charitable company'5 members and its trustees those m&tters we are r¢quir¢d to stalc to them in an auditor's rew)rt and for oih purrx)se. To the fullest extent pemhitted by law, we do not ac£ept or &ssume ttsponsibility to anyonc other than the charitable company and the charitable company's members as a body and the eharitablc cotnpany's trustees as a body. for our audit work, for this T¢1￿. or forthe opinions we have fom]ed. D8vid Biirrows {SeAior Statutory Audltor) For ond on behalf of Worton Rock LTmited Chartered Accountants and Statutory Auditor Churchfield House 36 Vicar Street Dudley Wesl Midlands DY2 8RG 5 Cktober 2021 Iyorton Rrtk £imiiÉdu #ligible fo acl as t7n audiior in tern￿ ofseclion 1212 ofihe Coinpaniey Aci 2006.

DUDLEY COUNCIL FOR VOLUNTARY SERVICE

GROUP STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING A GROUP INCOME & EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021

Notes
INCOME
Income and endowments from:
Donations and legacies
4
Charitable activities
5
Other trading activities
6
Other income
7
Investment income
8
Total incoming resources
EXPENDITURE
Charitable activities
9
Other trading activities
10
Total resources expended
NET INCOME/(EXPENDITURE)
BEFORE TAXATION
Taxation
12
NET INCOME/(EXPENDITURE)
AFTER TAXATION
23
Transfers between funds
23
Net movement in funds
Total funds brought forward
23
TOTAL FUNDS CARRIED FORWARD
23		 Unrestricted
Funds
£
37,500
748,683
200,290
143,513
197
1,130,183
920,746
294,816
1,215,562
(85,379)
425
(84,954)
6,759
(78,195)
656,639
578,444		 Restricted
Funds
£
2,326
1,034,900
-
-
-
1,037,226
1,018,163
-
1,018,163

19,063
-
19,063
(6,759)
12,304
418,415
430,719		 Total
2021
£
39,826
1,783,583
200,290
143,513
197
2,167,409
1,938,909
294,816
2,233,725

(66,316)
425
(65,891)
-
(65,891)
1,075,054
1,009,163		 Total
2020
£
27,869
1,616,022
452,636
41,463
821
2,138,811
1,799,710
431,022
2,230,732
(91,921)
(537)
(92,458)
-
(92,458)
1,167,512
1,075,054

All income and expenditure derive from continuing activities.

The statement of financial activities included all gains and losses recognised during the year.

12

DUDLEY COUNCIL FOR VOLUNTARY SERVICE GROUP BALANCE SHEET AS A T 31 MARCH 2W21 Unrestiided Restri¢te41 Fund8 Fwmls Totsl 2021 Total 20 Notes Fixed assets Tungtble 8sp£ts 16 90.171 71.027 161.198 163,789 161.198 Current as Stock D¢bio Cash at baDk and in Trolld 18 19 5.617 143,081 656.320 5,617 259,478 915.984 7,838 293.069 1.002.346 Il6297 259.664 805.018 376.061 1.181.079 1.303253 Creditors: amounts falling dut witbin one ve 20 390.291 Nd ¢urmit awts 489.545 359.692 849.237 912,962 Prnvlsh)n for drfe￿d L￿at10ft {12n) (1.272) (1,697) Net as8¢ts 43n 719 1 (KJ9.163 1075.054 Fundi Unrtstricted funds.. 23 23&24 335.724 242,720 335,724 242,720 430.719 239,281 417.358 418,415 Designat¢d Rutrleted fuDd5 430.719 430 719 1009 163 1075 054 Th¢ trustees have pryared 8TOUP a¢couttts itt a£¢(Jthe with section 398 of the Compallics Act 2(X)6 and scction 138 of thc Cknrities Act 2011. These accounts have been prewed in Hccordancc with th¢ spwial proTrisions of Part 15 of the Comp4nie5 Act 20n6 relats'ng to small tharilabl¢ ¢4)mpanics and ¢oll$lilutc the aDnual aGcounts Te4uired by the Companies Act 2006 and QTC for Circulation to mejnkn of the cotnp4nJ. Th¢ notes on pa8¢s 16 to 32 fonn part of these fu￿ClaI statements. Company ￿8151[atIon nwllber 1998105. The financial statements VieTC appToved by the Board of Tn7sw on S O¢wb¢r 2021 and w¢r¢ d on its behalf by: i V. Abr2hams Dlre£¢orfrTUSt&Y orfrntstee 13

DUDLEY COUNCIL FOR VOLUNTARY SERVICE COMPANY BALANCE SHErf AS AT 31 MARCH 2021 Total 2021 Tot1 2020 Fullda Noles Flxed &qsets T4ngible aS￿ts 16 17 83.476 71,027 154.51 2W) 154,85g 21XJ 83.676 71.027 154.703 153,OJ8 Currtttt DebtOTS Cash at baDk and iti Iw 19 IIK1.494 116,31yI 259.664 216,891 861.105 230,504 9M.382 701,93J 209986 376,061 16.369 1.077.996 226.335 1,174.886 259.520 Credlton: •mounti falllng dmewithin ont ytar Net currnt amets 491.949 359,692 851.641 915.366 uets 575,625 430.719 1070 424 Fun¢Js G¢JeJal De$ignated Ratrictetl fund¥ 23 23&24 331905 242.720 332.￿5 242,720 430,71Y 234,651 417.358 418.415 430,719 575.625 430.719 ￿44 1070 424 The8e fin8nciai 8tstrll￿t8 have been pterAr¢d the wial provisi￿8 of PArt 15 of the comp￿10$ A¢t Th Yelatiffjg to small cbatitabl¢ cornpa￿. Thc notes on tog¢s 16 to 32 frfyrnl pth ofthesc finatritil Staten￿ Company Te81st￿lOn tnMnbeT 1g)8105. The financial statetnents WeTt ap￿ved bv the B¢Ard of Trustrts on 5 (lxobtt 2021 attd Signed Im its behaWEry'. M. V. Abrahams Directorftrustre DirfflorlTnisttt 14

DUDLEY COUNCIL FOR VOLUNTARY SERVICE

GROUP CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2021

Notes
Cash flows from operating activities:
Cash generated/(absorbed) from operations
1
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
Net cash provided by (used in) investing activities
Change in cash and cash equivalents in the reporting
period
Cash and cash equivalents at the beginning of the
reporting period
Cash and cash equivalents at the end of the reporting
period
NOTES TO THE GROUP CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MARCH 2021
1
Cash generated/(absorbed) from operations
Net income/(expenditure) for the reporting period (as
per the statement of financial activities)
Adjustments for:
Depreciation charges
Interest received
Movement in deferred tax
Decrease/ (Increase) in stocks
Decrease/(Increase) in debtors
(Decrease)/Increase in creditors
Net cash provided by (used in) operating activities		 2021
Group

£
(76,407)
(76,407)
(10,152)
197
(9,955)
(86,362)
1,002,346
915,984
2021
Group
£
(65,891)
12,743
(197)
(425 )
2,221
33,591
(58,449)
(76,407)		 2021
Company
£
(73,322)
(73,322)
(10,152)
197
(9,955)
(83,277)
944,382
861,105
2021
Company
£
(64,080)
10,507
(197)

-
-
13,613
(33,165)
(73,322)		 2020
Group
£
(40,860)
(40,860)
(50,464)
821
(49,643)
(90,503)
1,092,849
1,002,346
2020
Group
£
(92,458)
14,177
(821)
537
(515)
(18,060)
56,280
(40,860)		 2020
Company
£
(78,209)
(78,209)
(42,642)
821
(41,821)
(120,030)
1,064,412
944,382
2020
Company
£
(91,921)
8,471
(821)
-
-
5,503
559
(78,209)

15

DUDLEY COUNCIL FOR VOLUNTARY SERVICE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1 Statutory Information

Dudley Council for Voluntary Service is a private company, limited by guarantee without share capital, registered in England and Wales.

The presentation currency of the accounts is the Pound Sterling (£), rounded to the nearest pound.

2 Accounting policies

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Group financial statements

The financial statements consolidate the results of the charity and its wholly owned subsidiaries on a line by line basis. A separate statement of financial activities and income and expenditure account for the charity have not been presented because the Charity has taken advantage of the exemption afforded by section 408 of the Companies Act 2006.

Income

All income is recognised in the Statement of Financial activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Where the terms of a grant or service level agreement state that the charity is not entitled to the income until the project commences the income received for projects which have not commenced is deferred and carried forward in creditors in a Deferred Income Account.

Individual projects receiving grants of less than £20,000 are aggregated in the Small Grants restricted fund for the purposes of these accounts but are separately recorded within the accounting records.

Donated facilities are included in the accounts at a notional figure where the trustees are able to estimate the value of the facilities received.

Other income is accounted for on a receivable basis.

Interest receivable is accounted for on an accruals basis.

Trading income is accounted for on the accruals basis.

16

DUDLEY COUNCIL FOR VOLUNTARY SERVICE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

2. Accounting policies (continued)

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Expenses are allocated to projects or core services as they are incurred.

Where expenses are incurred which relate to more than one of the charity’s activities these are allocated between projects and core services on the following bases:

Staff costs Percentage of time spent on each activity Premises costs Number of rooms occupied Other expenses Percentage usage

Expenses allocated to projects are divided between the individual projects on the basis of the size of the project as measured by the amount of grant income.

Tangible fixed assets

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life, as follows:

Buildings 4% p.a. straight line basis
Leasehold property improvements over the term of the lease
Fixtures and fittings 25% and 33⅓ % p.a. straight line basis
Office equipment 25% p.a. straight line basis
Computer equipment 33⅓ % p.a. straight line basis

Expenditure of less than £1,000 per item is not capitalised but is written off in the year in which it is incurred.

Capital grants

Specific grants in connection with capital expenditure are credited to a restricted fund if the asset purchased is subject to restrictions as to its use. A designated fixed asset fund has been created for other fixed assets funded by grants. Depreciation on fixed assets funded by grants is charged against the corresponding restricted or designated fund.

Stock

Stocks are stated at the lower of cost and net realisable value. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Investments

Investments in subsidiaries are measured at cost less impairment. Current asset investments are short term highly liquid investments and are held at fair value. These include cash on deposit and cash equivalents with a maturity of less than one year.

17

DUDLEY COUNCIL FOR VOLUNTARY SERVICE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

2. Accounting policies (continued)

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Financial instruments

The charity and group only have the financial assets and liabilities of a kind that qualifies as basic financial instruments. Basic financial instruments are recognised at transition value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Taxation

The charity is exempt from corporation tax on its charitable activities, but has limited exemption on its trading activities. The subsidiary companies are liable to corporation tax on their trading activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Designated funds are funds that the trustees have designated for a specific purpose.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Going Concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern

18

DUDLEY COUNCIL FOR VOLUNTARY SERVICE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

3
Summary financial performance of the charity alone:
Note
Unrestricted
Funds
£
INCOME
Income and endowments from:
Donations and legacies
4
37,500
Charitable activities
5
748,683
Gift aid receipts from trading
subsidiaries
43,575
Other trading activities
23,414
Other income
7
29,500
Investment income
8
197
Total incoming resources
23
882,869
EXPENDITURE
Charitable activities
9
920,746
Other trading activities
45,266
Total resources expended
23
966,012
NET INCOME/(EXPENDITURE)
(83,143)
Transfers between funds
6,759
Net movement in funds
(76,384)
Total funds brought forward
23
652,009
TOTAL FUNDS CARRIED
FORWARD
575,625
4
Income from donations and legacies
Unrestricted
funds
2021
£

Toy Appeal
-
Donated facilities
37,500
37,500		 Restricted
Funds
£
2,326
1,034,900
-
-
-
-
1,037,226
1,018,163
-
1,018,163

19,063
(6,759)
12,304
418,415
430,719
Restricted
funds
2021
£
2,326
-

2,326		 Total
2021
£
39,826
1,783,583
43,575
23,414
29,500
197
1,920,095
1,938,909
45,266
1,984,175

(64,080)
-
(64,080)
1,070,424
1,006,344
Total funds
2021
£

2,326
37,500

39,826		 Total
2020
£
27,869
1,616,022
71,490
36,235
41,463
821
1,793,900
1,799,710
86,111
1,885,821
(91,921)
-
(91,921)
1,162,345
1,070,424
Total funds
2020
£
2,869
25,000

27,869

Donated facilities represent notional rent for the charity’s offices. These are provided rent free by DMBC. A corresponding notional rent expense is included in charitable expenditure.

19

DUDLEY COUNCIL FOR VOLUNTARY SERVICE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

5
Income from charitable activities

Core Grants
Goods and Services
Children’s’ Officer
Small Grants
Carers’ Co-Coordinator
East Coseley
Healthwatch Dudley
A&E HIU Social Prescribing
Emergent Cultures
Refurbishment
Covid -19
Winter Warmth
Holiday Activity
Workforce Capacity
IT Replacement
6
Income from other trading activities -
Group

Office rentals and room hires
Catering and refreshments
Sales of tickets and services
Supply of information technology services		 Unrestricted
funds
2021
£

745,638
3,045
-
-
-
-
-
-
-
-
-
-
-
-
-
748,683
_
Unrestricted
funds
2021
£

113,580
-
-
86,710
200,290
_		 Restricted
funds
2021
£
-
-
88,205
16,090
41,350
162,960
213,500
25,989
150,524
-

30,000

62,000

60,000

175,000

9,282

1,034,900
_
Restricted
funds
2021
£
-
-
-
-
-
_



Total
2021
£
745,638
3,045
88,205
16,090
41,350
162,960
213,500
25,989
150,524
-
30,000
62,000
60,000
175,000
9,282
1,783,583
_
Total
2021
£
113,580
-
-
86,710
200,290
_



Total
2020
£
710,767
4,000
158,655
21,329
40,540
209,404
209,000
72,149
150,000
30,000
10,178
-
-
-
-
1,616,022
_
Total
2020
£
42,514
212,226
114,829
83,067
452,636
_

Rental and room hire income is generated from dy1 and Brierley Hill Civic Hall, properties leased from Dudley MBC under the asset transfer regulations. Supplies of information technology services were provided by Psiams Systems Limited. All other trading income has been generated from Brierley Hill Civic Hall.

7
Other income
Group
Other income
Covid-19 Support
7
Other income
Company
Other income		 Unrestricted
funds
2021
£

29,725
113,788
_143,513
Unrestricted
funds
2021
£

29,500
______		 Restricted
funds
2021
£
-
-
__-
Restricted
funds
2021
£
-
__		 Total
2021
£
29,725
113,788
_143,513
Total
2021
£
29,500
______		 Total
2020
£
41,463
-
_41,463_
Total
2020
£
41,463
______

20

DUDLEY COUNCIL FOR VOLUNTARY SERVICE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

8
Interest receivable
Unrestricted
funds
2021
£
Restricted
funds
2021
£
Bank and other interest
197
-
_
_
9
Expenditure on Charitable activities
Unrestricted
funds
2021
£
Restricted
funds
2021
£
Human resources
717,030
399,609
Operational costs
37,302
152,590
Grants paid
-
360,402
_
_
754,332
912,601
_
_
Support costs
£
£
Premises costs
59,462
54,619
Professional costs
47,728
35,931
General costs
25,905
11,757
Depreciation
7,252
3,255
Governance costs (note 11)
26,067
-
_
_
166,414
105,562
_
_
Charitable activities
920,746
1,018,163
_
_
10
Expenditure on other trading activities
All unrestricted
Office
rentals and
room hire
Catering and
refreshments
Sales of
tickets and
commission
Other
income
£
£
£
£

Purchases
-
-
4,253
7,646
Human resources
-
-
139,360
64,475
Operational costs
7,638
-
1,870
1,577
Premises costs
37,448
-
15,791
-
Professional costs
-
-
3,201
4,500
General costs
180
-
4,641
-
Depreciation
-
-
2,236
-
45,266
-
171,352
78,198		 Total
2021
£
197
_
Total
2021
£
1,116,639
189,892
360,402
_
1,666,933
_
£
114,081
83,659
37,662
10,507
26,067
_
271,976
_
1,938,909
_
Total
2021
£

11,899
203,835
11,085
53,239
7,701
4,821
2,236
294,816		 Total
2020
£
821
_
Total
2020
£
1,063,554
260,956
170,485
_
1,494,995
_
£
110,905
117,583
41,155
8,470
26,602
_
304,715
_
1,799,710
_
2020
£
159,100
153,167
23,801
73,355
12,235
3,658
5,706
431,022

21

DUDLEY COUNCIL FOR VOLUNTARY SERVICE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

11
Governance costs
Core services
Unrestricted
funds
2021
£
Restricted
funds
2021
£
Staff costs
11,478
-
Printing, stationery & advertising
289
-
Accountancy and audit fees
14,300
-
_
_
26,067
-
_
_
12
Taxation
Analysis of the tax charge
The tax charge on the net income for the year was as follows.
Corporation tax
Deferred tax credit /(charge)		 Total
2021
£
11,478
289
14,300
_
26,067
_
2021
£
-
425
425		 Total
2020
£
11,202
500
14,900
_
26,602
_
2020
£
-
(537)		 Total
2020
£
11,202
500
14,900
_
26,602
_
2020
£
-
(537)
(537)

13 Trustees’ Remuneration and benefits

No travel expenses were reimbursed during the year (2020 - 1 trustee £134).

Mr. G. Jones, treasurer, received £25,110 (2020 - £34,125) for accountancy and administration services provided. This is in accordance with an agreement with the Charity Commission dated 24 April 2007. The amount owed to G Jones at 31 March 2021 was £1,745 (2020 - £635).

22

DUDLEY COUNCIL FOR VOLUNTARY SERVICE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

14 Employees and staff costs

The total emoluments (including monetary
and non-monetary benefits-in-kind) of
employees during the year were:
Emoluments
Employers’ National Insurance contributions
Pension contributions
Healthcare		 2021
Group
£
1,154,316
109,432
66,539
1,666
1,331,953		 2021
Company
£

975,167

96,578

54,707

1,666

1,128,118		 2020
Group
£

1,069,096

100,231

54,837

1,362
1,225,526		 2020
Company
£
940,529
91,163
51,702
1,362
1,084,756
The average number of employees during the
year was:
Charitable activities
Management and administration
Trading activities
Full time equivalents
Charitable activities
Management and administration
Trading activities
Total benefits received by key management
personnel
Number of employees receiving benefits in
excess of £60,000
Emoluments £60,000-£70,000		 2021
Group
33
2
16
51
32
2
10
44
2021
Group
£
187,458
2021
Group
1		 2021
Company
30
2
-
32
30
2
-
32
2021
Company
£

146,307
2021
Company
1		 2020
Group

30

2

22

54

30

2

12

44
2020
Group
£

168,046
2020
Group

1		 2020
Company
30
2
-
32
30
2
-
32
2020
Company
£
127,796
2020
Company
1

23

DUDLEY COUNCIL FOR VOLUNTARY SERVICE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

15
COMPARATIVES FOR THE GROUP
STATEMENT OF FINANCIAL
ACTIVITIES

INCOME
Income and endowments from:
Donations and legacies
Charitable activities
Other trading activities
Other income
Investment income
Total incoming resources
EXPENDITURE
Charitable activities
Other trading activities
Total resources expended
NET INCOME/(EXPENDITURE)
BEFORE TAXATION
Taxation
NET INCOME /(EXPENDITURE)
AFTER TAXATION
Transfers between funds
Net movement in funds
TOTAL FUNDS CARRIED FORWARD
Net (outgoing)/ incoming resources for the
year
Funds brought forward as at 1 April 2019
Funds carried forward as at 31 March 2020		 Unrestricted
funds
2020
£
25,000
714,767
452,636
41,463
821
1,234,687
923,378
431,022
1,354,400
(119,713)
(537)
(120,250)
33,686
(86,564)
743,203
656,639		 Restricted
funds
2020
£

2,869

901,255

-

-

-

904,124

876,332

-
876,332

27,792

-

27,792

(33,686)
(5,894)

424,309
418,415		 Total
2020
£

27,869

1,616,022

452,636

41,463

821

2,138,811

1,799,710

431,022

2,230.732

(91,921)

(537)

(92,458)

-
(92,458)

1,167,512

1,075,054

24

DUDLEY COUNCIL FOR VOLUNTARY SERVICE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

16
Tangible fixed assets
Group
Cost
At 1 April 2020
Additions
At 31 March 2021
Depreciation
At 1 April 2020
Charge for the year
At 31 March 2021
Net Book Values
At 31 March 2021
At 31 March 2020
Company
Cost
At 1 April 2020
Additions
At 31 March 2021
Depreciation
At 1 April 2020
Charge for the year
At 31 March 2021
Net Book Values
At 31 March 2021
At 31 March 2020
Freehold
land and
buildings
£
44,163
-
44,163
22,234
967
23,201
20,962
21,929
Freehold
land and
buildings
£
44,163
-
44,163
22,234
967
23,201
20,962
21,929		 Leasehold
property
improve-
ments
£

150,342

-

150,342

25,142

6,162

31,304

119,038
125,200
Leasehold
property
improve-
ments
£

150,342

-

150,342

25,142

6,162

31,304

119,038
125,200		 Fixtures
and
fittings
£
44,907
-
44,907
35,829
2,383
38,212
6,695
9,078
Fixtures
and fittings
£
20,620
-
20,620
20,473
147
20,620
-
147		 Office
equipment
£

2,563
-
2,563
2,563
-
2,563
-
-
Office
equipment
£

2,563
-
2,563
2,563
-
2,563
-
-		 Computer
equipment
£

31,095
10,152
41,247
23,513
3,231
26,744
14,503
7,582
Computer
equipment
£

31,095
10,152
41,247
23,513
3,231
26,744
14,503
7,582		 Totals
£
273,070
10,152
283,222
109,281
12,743
122,024
161,198
163,789
Totals
£
248,783
10,152
258,935
93,925
10,507
104,432
154,503
154,858

The land and buildings shown above include land at an estimated original cost of £20,000 (2020 - £20,000). All fixed assets held are in furtherance of the charity’s objects.

25

DUDLEY COUNCIL FOR VOLUNTARY SERVICE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

17 Fixed asset investments (Company)

Fixed asset investments (Company)
Shares in group undertakings:
Dudley CVS Enterprises Limited
Psiams Systems Limited		 2021
£
100
100
200		 2020
£
100
100
200

Both of the companies are wholly owned trading subsidiary companies, incorporated in the UK (England and Wales). The activities of these companies are included in the consolidated financial statements. A summary of the subsidiaries’ trading results is set out below.

Total Income
Total Expenditure
Profit/(Loss) for the year
Net assets/(liabilities)
18
Stocks
Bar stocks
19
Debtors: amounts falling due within one
year
Trade debtors
Grants receivable
Prepayments and accrued income
Other debtors
20
Creditors: amounts falling due within
one year
Trade creditors
Amounts owed to group companies
Accruals and deferred income
Social security and other taxes
Other creditors		 Dudley CVS
Enterprises
Limited

2021
£
209,179
210,990
(1,811)
2,919
2021
Group
£
5,617
5,617
2021
Group
£
51,043
119,182
36,168
53,085
259,478
2021
Group
£
49,614
-
224,149
35,007
23,071
331,841		 Dudley CVS
Enterprises
Limited

2021
£
209,179
210,990
(1,811)
2,919
2021
Group
£
5,617
5,617
2021
Group
£
51,043
119,182
36,168
53,085
259,478
2021
Group
£
49,614
-
224,149
35,007
23,071
331,841		 Dudley CVS
Enterprises
Limited
2020
£
338,334
338,871
(537)
4,730
2021
Company
£
-
-
2021
Company
£
18,062
119,182
29,025
50,622
216,891
2021
Company
£
32,797
80,743
54,737
35,007
23,071
226,355		 Dudley CVS
Enterprises
Limited
2020
£
338,334
338,871
(537)
4,730
2021
Company
£
-
-
2021
Company
£
18,062
119,182
29,025
50,622
216,891
2021
Company
£
32,797
80,743
54,737
35,007
23,071
226,355		 Psiams
Systems
Limited
2021
£
86,710
86,710
-

(91,816)
2020
Group
£
7,838
7,838
2020
Group
£
60,447
149,932
43,386
39,304
293,069
2020
Group
£
69,878
-
230,726
35,604
54,083
390,291		 Psiams
Systems
Limited
2021
£
86,710
86,710
-

(91,816)
2020
Group
£
7,838
7,838
2020
Group
£
60,447
149,932
43,386
39,304
293,069
2020
Group
£
69,878
-
230,726
35,604
54,083
390,291		 Psiams
Systems
Limited
2020
£
83,067
83,067
-
(91,816)
2020
Company
£
-
-
2020
Company
£
4,921
149,932
42,348
33,303
230,504
2020
Company
£
53,349
16,666
125,997
34,421
29,087
259,520
2021
Company
£
32,797
80,743
54,737
35,007
23,071
226,355		 2020
Group
£
69,878
-
230,726
35,604
54,083
390,291

26

DUDLEY COUNCIL FOR VOLUNTARY SERVICE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

21
Provisions for liabilities
Deferred tax
Capital allowances in excess of
depreciation		 2021
Group
£
1,272
1,272		 2021
Company
£

-
-		 2020
Group
£

1,697
1,697		 2020
Company
£

-
-

22 Financial commitments

Operating leases

Total future minimum lease payments under non-cancellable operating leases are as follows:

Not later than one year
Later than one and not later than five years
Later than five years – land and buildings		 2021
£
67,463
247,551
1,081,555
1,396,569		 2020
£
68,557
262,178
1,142,055
1,472,790

The lease payments for land and buildings, £1,384,055 (2020 - £1,444,555), will only be paid if agreed outcomes are not met.

27

DUDLEY COUNCIL FOR VOLUNTARY SERVICE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

23
Movement in funds
Group
Unrestricted funds
General fund
Designated funds (note 24)
Restricted funds
Toy Appeal
Children’s officer
Carer’s co-ordinator
Small Grants
Big Local - East Coseley
Healthwatch Dudley
Refurbishment fund
A&E HIU Social Prescribing
Emergent Cultures
Covid -19
Winter Warmth
Holiday Activity
Workforce Capacity
IT Replacement		 Balance at 1
April 2020
£
239,281
417,358
656,639
985
176,401
-
52,593
-
21,541
65,000
33,669
58,928
9,298
-
-
-
-
Net
movement in
funds
£
89,684
(174,638)
(84,954)
(785)
(14,058)
(1,935)
(3,725)
34,484
3,721
(3,000)
(24,975)
(2,218)
(1,166)
4,572
1,974
17,147
9,027		 Transfers
between
funds
£
6,759
-
6,759
-
-
1,935
-
-
-
-
(8,694)
-
-
-
-
-
-		 Balance at 31
March 2021
£
335,724
242,720
578,444
200
162,343
-
48,868
34,484
25,262
62,000
-
56,710
8,132
4,572
1,974
17,147
9,027
418,415
1,075,054		 19,063
(65,891)		 (6,759)
-		 430,719
1,009,163

Net movements in funds included in the above are as follows:

Unrestricted funds
General fund
Designated funds (note 24)
Restricted funds
Toy Appeal
Children’s officer
Carer’s co-ordinator
Small Grants
Big Local -East Coseley
Healthwatch Dudley
Refurbishment fund
A&E HIU Social Prescribing
Emergent Cultures
Covid 19
Winter Warmth
Holiday Activity
Workforce Capacity
IT Replacement
Total funds		 Incoming
resources
Resources
expended
£
£
1,056,065
966,381
74,118
248,756
1,130,183
1,215,137
2,326
3,111
88,205
102,263
41,350
43,285
16,090
19,815
162,960
128,476
213,500
209,779
-
3,000
25,989
50,964
150,524
152,742
30,000
31,166
62,000
57,428
60,000
58,026
175,000
157,853
9,282
255
1,037,226
1,018,163
2,167,409
2,233,300		 Gains and
losses
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Movement in
funds
£
89,684
(174,638)
(84,954)
(785)
(14,058)
(1,935)
(3,725)
34,484
3,721
(3,000)
(24,975)
(2,218)
(1,166)
4,572
1,974
17,147
9,027
19,063
(65,891)

28

DUDLEY COUNCIL FOR VOLUNTARY SERVICE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

23
Movement in funds (continued)
Company
Balance at 1
April 2020
£
Unrestricted funds
General fund
234,651
Designated funds (note 24)
417,358
652,009
Restricted funds
Toy Appeal
985
Children’s officer
176,401
Carer’s co-ordinator
-
Small Grants
52,593
Big Local - East Coseley
-
Healthwatch Dudley
21,541
Refurbishment fund
65,000
A&E HIU Social Prescribing
33,669
Emergent Cultures
58,928
Covid - 19
9,298
Winter Warmth
-
Holiday Activity
-
Workforce Capacity
-
IT Replacement
-
418,415
Total funds
1,070,424
Net movements in funds included in the above are as follows:
Company
Incoming
resources
£
Unrestricted funds
General fund
882,869
Designated funds (note 24)
-
882,869
Restricted funds
Toy Appeal
2,326
Children’s officer
88,205
Carer’s co-ordinator
41,350
Small Grants
16,090
Big Local - East Coseley
162,960
Healthwatch Dudley
213,500
Refurbishment fund
-
A&E HIU Social Prescribing
25,989
Emergent Cultures
150,524
Covid -19
30,000
Winter Warmth
62,000
Holiday Activity
60,000
Workforce Capacity
175,000
IT Replacement
9,282
1,037,226
Total funds
1,920,095		 Balance at 1
April 2020
£
234,651
417,358
652,009
985
176,401
-
52,593
-
21,541
65,000
33,669
58,928
9,298
-
-
-
-
Net
movement in
funds
£
91,495
(174,638)
(83,143)
(785)
(14,058)
(1,935)
(3,725)
34,484
3,721
(3,000)
(24,975)
(2,218)
(1,166)
4,572
1,974
17,147
9,027		 Transfers
between
funds
£
6,759
-
6,759
-
-
1,935
-
-
-
-
(8,694)
-
-
-
-
-
-		 Balance at 31
March 2021
£
332,905
242,720
575,625
200
162,343
-
48,868
34,484
25,262
62,000
-
56,710
8,132
4,572
1,974
17,147
9,027
19,063
(64,080)
Resources
expended
£
717,256
248,756
966,012
3,111
102,263
43,285
19,815
128,476
209,779
3,000
50,964
152,742
31,166
57,428
58,026
157,853
255		 (6,759)
-
Gains and
losses
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 430,719
1,006,344
Movement in
funds
£
165,613
(248,756)
(83,143)
(785)
(14,058)
(1,935)
(3,725)
34,484
3,721
(3,000)
(24,975)
(2,218)
(1,166)
4,572
1,974
17,147
9,027
19,063
(64,080)
1,037,226 1,018,163 -
1,920,095 1,984,175 -

29

DUDLEY COUNCIL FOR VOLUNTARY SERVICE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

24
Designated funds
Balance at 1
April 2020
£
The trustees undertake an annual review of their
future plans and designate amounts out of
unrestricted funds accordingly. The position at
31 March 2021 is:
Income
Staff Costs
200,000
Information Technology
15,000
Grants
181,158
Capital
Garage
21,200
417,358
Designated/
(released)
during the
year
£
69,693
4,425
-
-
74,118		 Expenditure
incurred
£
69,693
14,425
164,038
600
248,756		 Balance at 31
March 2021
£
200,000
5,000
17,120
20,600
242,720

25 Funds of the charity

Description of restricted funds

These are the specific projects that the charity has been requested to operate. Unless otherwise stated these projects are funded by specific grants from Dudley Metropolitan Borough Council (DMBC).

Toy appeal

This project ensures that children, who would otherwise receive nothing at Christmas, are given a gift or enjoy an outing such as a trip to the pantomime or a Christmas Party.

Children’s’ officer

Facilitates effective networking across the voluntary sector child care agencies promoting the development of services and consulting parents and children on the Borough Children’s Services Plan.

Small grants

This comprises individual grants of less than £20,000 from all sources.

Big Local – East Coseley

Supported through Big Local and administered by Local Trust for the Big Lottery Fund to promote the £1 million coming to East Coseley and gather community visions for the area from as wide a range of individuals, groups and organisations as possible. This is being done through production of an area newsletter, regular Forum meetings, community activities, engagement and outreach and a small community grants programme.

30

DUDLEY COUNCIL FOR VOLUNTARY SERVICE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

25 Funds of the charity (continued)

Asset Based Health Improvement

Funded by Dudley CCG, this is to fund the provision of an asset based health improvement project, involving community led asset based health improvement activities and strategic stakeholder engagement to pilot and evaluate such an approach.

Carers’ Co-Ordinator

Funded by Dudley CCG, this project is to promote partnership working in the acute hospital setting, linking the voluntary sector with statutory partners, to achieve recognition, assessment, intervention and support for carers.

Healthwatch Dudley

Funded by Dudley MBC, and set out under The Health And Social Care Act 2012, the aim of local Healthwatch will be to give citizens and communities a stronger voice to influence and challenge how health and social care services are provided within their locality.

Refurbishment Fund

A grant from Dudley MBC to assist in the major refurbishment work of the former Day Care Centre in Stafford Street, Dudley and the Brierley Hill Civic Hall, following asset transfers to Dudley CVS.

A&E High Intensity User Social Prescribing Project

Funded by Dudley CCG and match funded on a sliding scale by Dept. of Health this aims to reduce instances of extreme sole attendances at A&E departments by tackling the various social issues involved.

Emergent Cultures

Funded by Big Lottery Fund, a three year project to continue the Company’s pilot of the Co-Lab Dudley project. Seeking to be a catalyst and support system for the people of Dudley to develop opportunities to collaborate with each other, making, sharing and learning together thus enabling them to be better connected and lead healthier and happier lives.

Covid-19

A grant received from Dudley MBC for costs relating to the Borough’s Covid-19 pandemic response, topped up by a further grant this year to administer Covid-19 welfare grants to individuals in need

Winter Warmth (Covid Local Support Grant)

A grant from Dudley MBC to facilitate the provision of direct assistance to support families with children, struggling with the costs of food, energy and water bills and other associated costs as a result of the Covid-19 pandemic

Holiday Activity

A grant from Dudley MBC to facilitate the provision of healthy food and enriching activities to disadvantaged children over the school holidays

Workforce Capacity

A grant from Dudley MBC to VCS organisations for expenditure to alleviate the effects of the Covd-19 pandemic e.g. equipment for staff for home working etc.

31

DUDLEY COUNCIL FOR VOLUNTARY SERVICE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

25 Funds of the charity (continued)

IT Replacement

A grant from the Workforce Capacity fund used for equipment for staff working at home

Unrestricted funds – income

Core services

This is the general fund of the charity mainly funded by DMBC and Dudley CCG and used to provide capacity building to voluntary and charitable groups throughout the Borough. The Service Level Agreement also includes the Volunteer Bureau and Community Care projects as well as Integrated Services, being a designated fund, as part of Dudley CVS core activities.

Transfers are made from this fund to make good any shortfall in funding for the specific projects of the charity.

Unrestricted funds – designated

Staff Costs

This fund is a provision for two posts which the Board have decided to fund directly from reserves and a proposed annual designation to enable certain externally funded projects to continue.

Information Technology

This fund is in respect of anticipated costs to update the company’s website.

Grants

Funds from Dudley CCG with the purpose of enabling active participation and representation of the voluntary and community sector in integrated care services in Dudley borough and Development of and Support to Patient Participation Groups.

Unrestricted funds – capital

Garage

This fund represents the garage previously purchased with a grant from DMBC.

32

DUDLEY COUNCIL FOR VOLUNTARY SERVICE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

26 Limited liability

The company is a registered charity and has been granted the power to dispense with the word “Limited” from its name.

The liability of the members is limited by guarantee to a sum not exceeding £1 in the event of the company being wound up.

27 Related Party Disclosures

The charity has two wholly owned trading subsidiaries which are incorporated in the UK (England and Wales). The activities of these companies are included in the consolidated financial statements. The charity has taken advantage of the exemptions under FRS 102 not to disclose related party transactions.

Dudley CVS Enterprises Limited (Company number 09482845) operates events, promotional activities and bar and catering at Brierley Hill Civic Hall.

Psiams Systems Limited (Company number 10000491) provides information technology services.

33