WOLVERHAMPTON VOLuMfARY SECTOR COUNCIL Company number.. 2288239 Registered charity number: 700910 WOLVERHAMPTON VOLUNTARY SECTOR COUNCIL (Limited by Guarantee) Report of the Board of Trustees and Financial Statements Year ended 31 March 2021 AA)U85PN 2111212021 COMPANIES HOUSE A16
WOLVERHAMPTON VOLUNTARY SECTOR COUNCIL Contents Page Legal and Administrats've Infomation Board of Trustees Annual Report 2-15 Report of the independent auditors 16-18 Statement of finanaal activities - SOFA 19 Balance Sheet 20 Cash flow statement 21 Notes fom)ing part of the finanaal statements 22-36
WOLVERHAMPTON VOLUNTARY SECTOR COUNCIL Legal and Administrative Infonnation 2020-21 Charity Name Wolverhampton Voluntary Sector Counal (WVSC) Board of Trustees Steve Clay (Chair) Janet Clarke Lewis Pamela Cole-Hudson James Fox Anne Marie Harrison Ann Biddle Patriaa Mary Kemp Sarah Deeming Simeon Greene Gurbax Kaur Edna Masoha Secretary and registered office lan Oarch. 16 Temple Street. Wolverhampton. WV2 4AN Key Management lan Darch, Chief ExecutNe Saffi Price, Deputy Chief ExecutNe Lynn Wethenll, Finance Manager Company Number 2288239 Registered Charity Number 700910 Auditors Muras Baker Jones knmited. Regent House, Bath Avenue. Wolverhampton, VN14EG
WOLVERHAMPTON VOLUNTARY SECTOR COUNCIL Trustees, Annual Report for the year ended 31 March 2021 Financial Statements Trustees, responsibilities in relation to the financial statements. The Trustees. who are also Directors of Wolvethampton Voluntsry Sector Counal rwvsc") for the purposes of company law, are responsible for preparing the Trustees, Annual Report and the Financial Stslernents. The finanaal statements comply wth the Compan$ Act 2006, the Charities Act 2011 and Accounting and Reporting by Charities: Slalement of Recommended practi applicable to charities preparing their accounts in accordan with the Financial Reportlng Standafd Applicable in the UK and Republic of Ireland {FRS 102) published on 16 July 2014 {as amended by UFrtlale Bulletin 1 published on 2 Febnjary 2016). Company law requires the Trustees to prepare finanaal ststements for each financial year. which give a true and fair view of the state of affaits of Wolverhampton Voluntary Sector Counal and of the incoming resources and applic*ion of resources, induding the income and exFenditure of the charitable cornpany for the year. In preparing these finanaal ststements. the Trustees are required to." Select suitable accounting polioes and then apply them consistenty", Observe the methods and prinaples in the Charities SORP; Make judgements and ests'mates that are reasonable and prudent.. Prepare the financial statements on the going ¢M¢em basis unless tt is inappropriate to presume that WVSC will continue in operalion. The Trustees are responsible for keepirKJ proper accountirvJ records which disdose with reasonable accuracy at any time the financial wsition of WSC and enable them to ensure that the financial statements comply with the Companies Act 20. They are also responsible for safeguarding the assets of WVSC and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. The Twstees are responsible for the maintenance and integrty of the corporate and financial infomation included on the chartvs website. Legislation in the United Kingdom goveming the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Structure Governance and Mana ement Administrative Details The daY-tdaY management of WSC is ulb"mately the reSp[sIbIlIty of the Chief Exe(#Jtrve on behalf of. the Trustees. The ChiefExecubve is also responsible, the Board ofTrustees. forthe strategic direction of the organisation and delivery of its objectives. Much ofthe day-to-day management is delegated to the Deputy Chief Executive is currently supported by a part time Operations Manager and a Central administratorlHR Manager. A Finan Manager (25 hours pw) is supported by a Finan Offir {30 hours pw) and has overall responsibility to the CEO for finan systems and processes. A robust financial delegation system is in place with each project lead having day to day reSpOnbIlity for their ovm bu(hJets. Governing Document WVSC is a charitable company limrled by guarantee. incorporated on 19th August 1988 and registered as a Charity on 24th November 1988. The company was established under a Memorarkyum of Associatso that established Ihe objects and powers of the charitable company and is govemed under its Arttdes of Associalion. In the event of the company being knund up. members are each required to contribute an amount not exceeding £1.
WOLVERHAMPTON VOLUNTARY SECTOR COUNCIL Trustees, Annual Report for the year ended 31 March 2021 The Articles of associkn'on were reviewed and changes agreed at the 2018 AGM. These changes were a response to difficuSties in a¢hievirrfJ quorums at some meetsngs thus hindenng effective and prompt decision making. In essence the changes reduce the stze of the Board and quoracy requirements, while also ensuring effective governan and lard oversight. Recruilment and Appointment of Board of Trustees Although WISC is a small to medium sized organisats"on. it is a complex one operating in what is an increasingly challenging environment. It is therefore important that the skills and competenaes of the trustee body are at a high level. WVSC is also involved in a very diverse range of activities as outlined later in this report and therefore the trustee body needs to demonstrate a broad as well as a high level of skills in carying out its govemance role. The changes agreed at the 2018 AGM maintsins a Board structure vthich reflects our customers and the environment in which we operate. The current Board make up and quoracy requirements as outlined the Artides of As50ciatson are as fr)Ilows.' The Minimum number of director5 shall be 6 and the maximum number of directors shall be 12. This Board of Directors viill be made up of". al A minimum of 4 WKI a maximum of 6 Voluntsry and Communty Organisations operating in WcAverhampton who are membets of Wolverhampton Voluntsry Sector Council. b) Individuals. can te invrted to join the Board for their expertise indudirvj as °experts by experience" c) A minimum and a maximum of 3 other partners from the private, educab'on. and public sectors. These directors are re¢ruiled to strengthen links across the Cty and provide specialist input into the Board. All trustees Ihey must support our objectives. d) The Cty Council has observer status on the trrd and may invite any person to attend the charity's meetings {both directors and general meetings) as an obsetver without the power to vote. This observer wll not be counted in the quorum. The quorum shall be 3 or such larger number as may be decided from time to time by the directors. This quorum must include at least 2 directors fr(yn a) and at least 1 frorn c) above. The quonJn must have Voluntary and Community Organisalions in the majority. This is so that any changes or any issues requiring a vote wll r to be supp)rted by VCO members. At the time of Ihis report there are no vacanaes on the Board. We have worked hard to ensure that our Board membership reflects the diversty of Wofverhampton and at the time of WTiting 4 of our 11 Board members are people from minority ethnic communitses. The Trustees of the company are also the Charity Trustees for the purpose5 of charity law. Under the Company's Articles they are known as members of the Management Commlttee. Trustees, Induction and Training As representstives of memter organisatsons. key partners. or individuals most Trustees are familiar with the work of WVSC. Each new board member meets the Chief Executs've for an induction and is provided with a re¢enUy urxlaled indudion pack. In addits'on, reports on SFecffic activities are provided at board meetings and traininglorienlation sessions are organised for Trustees. The strategic dire¢lion of WVSC is regulady discussed at board meebngs and a revised strategic document was adopted in 2017118. This wll be rewsed by the board and senior staff, input from stakeholders, during 2021r22.
WOLVERHAMPTON VOLUNTARY SECTOR COUNCIL Trustees, Annual Report for the year ended 31 March 2021 anisation Structure WVSC has a management committee of up to 12 Mernrs who meet bi monthly and are responsible, with the Chief Executs"ve, for the strategic diredion of the Charity. In addits"on. the City Council nominate Coun¢illor wth observer stalus on the board. The strucbjre undernealh the board is as follows.. A tCOmmittee of the tK)ard (known as the Executive Committee and ¢onsists"ng of up to four Trustees) meets with the Chief Executive on an ad hoc basis as requi. This sub<ommittee provides a forum for more detailed discussion on key issues and advises the board. A Remuneration Committee consisting of the Chief Executive and Deputy Chief Executive has been delegated by the Board to make salary adjustments in order maintain a fair and equitable salary structure vjithin Ihe organisation. Any changes to the salaries the Chief Executive or DeFxJty V4111 be considered by the Executive Comrnittee. Th Chief Executive has delegated responsibility from the board for the provision of services and the day- to-day operation of WSC. The Chief Exeujtrve Wofks dosely wrth managers in executing these responsibilittes. The struclure below Ihe Board mpriseS a number of elements as follows: Senior Mana ers.. The Chief ExecutNe and Deputy Chief Executs've meet on a regular basis, with other senior managers as required. to establish thal the organisation is delivering its mission. that it is doing so in a consistent and effective manner, and to make any operational adjustments that may be required. Sedion Heads.. Managers from each area of work meet, as required, vAth Senior Managers in order to oversee the effective delivery of the organisati'S outcomes. to maintain a consistent approach across the Ofganisation, to consider issues affeth'ng the work of the organisab-on and the wider sector and to share infonation. taff meeli Regular staff meetings provide a fowm for ensuring a lleCtIVe understanding of day-t day matters in areas such as health and safety. arKJ provide a forurn for the Chf Executive and others to communicate matters of relevan to all slaff. Staff su ort.. All staff meet regulat1y for suFeNision with their Line Managers. The Chief Executive manages the Deputy CEO, the Finance Manager and the Project Managers of Talent Match. the Social Prescribing project and Engagement & Partnership lead. The Deputy CEO rnanages the other section heads. The Chief Executive rVeS supep•$10n from the Chair of the Board. Financial dele ation." Robust financial systems a in place, wtth levels of finanaal authority from the Board, through to the Chief Executive down to individual departments, within agreed budgets. Systems for authorising both income and expenditure are in place along with an effective credit control system. Regular reports to Board ensure overall financial prudence and allow for the management of any financial risk. Partner Organisations WVSC is a member The Nalional Council for Voluntwy Organisations {NCVO). NAVCA and The Chamber of Commerce. As an umbrella organisatEon fof the seclor, WVSC has a major strategic role in Wolvethampton and works th partners Ically. su®ionally and nats'onalty in order to achieve shared outcome5. To this end C works in partnership at a number of levels and these can be summarised as follows.. Voluntary Organisations and Community groups.. VNSC has a role in workirwJ vth other VCO'S to "¢hampion" the sector. This involves v(lng with organisations in resp)nse to issues affecting the sector and Carrng out a COThordinating role to ensure that the sector is effectively represented at a strategic level across the city. At the most strategic level this includes membership of the City Board and Chairing the Inclusion Board. In addition WSC has the role of facilitating Third Sector Partnership.
WOLVERHAMPTON VOLUNTARY SECTOR COUNCIL Trustees, Annual Report for the year ended 31 March 2021 Consortia Pa '. Consortia working, both wihin the VCS across sectors, is growing and developing as an accepted approach for achiewng better outcomes for local people. WJSC have been leading the way in the development of consortia both across the Cty and beyond. In particular.. WVSC is the lead body for Talent Match.. a lotterylESF funded. Black Country project aimed at supporting people aged 18-29, who have been NEET for al least six months, nearer and into employment. Led by young people the project sub ntraCtS to a range ofVCOs in order to deliver some challenging outcomes. Black County Together (BCT) has been developed by the fwr CVS'S in order to support the delivery of services by Ihe VCS on a sutrfegional level. WVSC is one ofthe four membets of the organisation. BCT currenUy oversees the delivery of a contract worth £2M. from the Arts council {subjecl to Business Plan) and acts as Ihe accountable body for one strand of the Building OpFQrtunib'es, European Social Inclusion Fund {families in poverty). Delivery of this commenced in mid-2016 and an extension to 2022 has recently been secured. We are the lead body for the Preventative Parlnership (Previously called the Third Sector Consorn"um), a group of three delivery partners funded by the Clinical Commissioning Group and working to reduce A and . E attendance and improve level of r&ablement among older people leaving hospital. We lead a consortium of VCOS to deliver"Girls Allowed" a project w01ng with girls in gangs or at risk of becoming part of the gang culture. We deliver the Cities Soual PreScri"n9 Service vthich brings together Heath (and Social Care) services, people who are refefred frorn those serviS in order to address lonelrness, isolath'on, low level mental health issues and so on. and VCOS who provide the prescriptions. We are also the accountable body for 100% digital; a short teffn CWC funded project with 6 other partners and aimed al increasing the digital skills of individuals and organisattons. This is viewed as a precursor to future larger partnership based bids focusing on employment and skills. Third Sector Partnershi WVSC leads on the Third Sector Partnership (TSP), whi¢h consists of representation from Voluntary and Communty groups and organisations and has txome a key focus to ensuring a strong and clear Vol for the Sector on a range of strategic and policy issues. Statuto Sector. The Chief Executive of IWSC is a member of the City Board and Chair of the Inclusion Board (one of three Cty Board sub tardS), working dosely vath ststutory sector colleagues in reviewing and overseeing the delivery of Wolverhampton's Cty Strategy. WVSC. primarily through the Chief Executive and the YOW Project Manager. also represents the sector on a wide range of other forums. At the Current time these indude." O Children and Families Together Board O Community Cohesion Forum / Black County Grants Committee Safeguarding Boards / The Healthier Futures Partnership Board (Integrated care system) O Integrated Care Partnership O Crass Sector Forum Through the Third Sector Partnership, WSC also facilitates representation on a range of strategic and operational forums induding.. / The Safer Wolverhamplon Partnership / Employment and Skills board / Health and Well Being board Safeguarding b)ards
WOLVERHAMPTON VOLUNTARY SECTOR COUNCIL Trustees. Annual Report for the year ended 31 March 2021 In addition. the Board and senior staff of IMISC Vrk dosety with statutory sector colleagues on a range of stralegic matters such as the those relating lo the Old School, social value. co-production, strategic funding and so on. Risk Mana ement The risks facing WVSC can be considered under 3 broad headirwJs as follows: Financial ontrol Risks.. The risk of financial mismanageMt and, in the extreme. fraUdunt activity: rnal These internal risks have incwsed significanty in rent years as WVSC'S role in leading complex consortia activities. such as Talent Match. has grown. The decish)n to engage with IMPACT, an ESF ftjnded programme led to fijrther risks associated with a complex funding stream, this risk has been exarbated as the focus of local accountable body (Dudley MBC) has hardened around quantity rather than quality of outcomes. This has favoured work vthh those nearer to the wOrka¢e and disadvantsged Talent Match whose focus is on those facing the greatest barriers to employment. The increased . complexity has required a significant strengthening of our intemal checks and controls and carefvlly considered flexibility in our relationships vAth sutpcontradors, for eXarnp with regard to payment terms, including some payments in advance to smaller organisations. Particularty with regard to IMPACT we have strengthened our finance capaaty within the Talent Matchl IMPACT project and increased involvemenl at CEO level, wth regular intemal meetings and ongoing reconciliation and other che(s. The overall risk is reduced by hawng in pla robust financial controls and policies and prOdureS for safe management of financial resources. In addib"on. WSC has a robust and effective credit contiol system in place that serves to ease cash flow difficulties and minimise bad debts. These syslerns, coupled vth a small very comwent finance team means that we are working well in complex environment. The financial outtum for the year under report, viith a Surplus of £21,550 {£10.766 in 20191201 on unrestricted fijnds and no significant or unauthoriwj overspend in any of the restricted budget areas wcwld seem to SUPFM)rt this. Our continued mernbership of WMPF for long stanthing and ex staff members does present an on-going financial challenge that wll be with us for many years and we have needed lo negotiate more manageable rates and penahies with the Scheme. This challervJe would be more acute were we to suffer any significant reduction in our size as the financial burden would te¢tyne a greater proportion of income. Our auto enrolment pension scheme. introduced for all other slaff is running smoothly wrth good take up. External Financial Risks= WVSC'S income is generated through grants. contracts and direct. paid for, services. The main risk continues to be the changing rde of local authorilies and the reduction in the funding they make available to WVSC and other third se(Xor organIsati$, the impact has included us continuing to subsidising our Infrastructure work from eamed income. Part of our response to this has been to access EU funds to supplement Talent Match actiwty and to allow the Volunteer Centre to cover its Costs while working with some customers in a more intensprfe fashion. The EU regime brings additional risks, not least Ihe risk of "clawback. that we need to Vrk hard to avoid. Beyond 2021122 °Brexif will mean the removal of a funding stream growing in irnportance to us. We have retlY been involved in consultations with central govemment (offi for Civil Society) with regard to vhat will replace EU funds following any departure. Operational We worf( in an envirorThent where the weight and complety of al reqU1mentS in afeas such as health" and safety, safeguarding. employment law. equal opportunrties 8nd GDPR is growing, and this places all
WOLVERHAMPTON VOLUNTARY SECTOR COUNCIL Trustees, Annual Report for the year ended 31 March 2021 organisations at risk. In order to help manage this WSC has a strong senior management structure. The Deputy Chief Executive working wryth the Operations Manager tskes a lead on inlemal wlicies and procedures. many of these have been recently reviewed and a clear produre for future review is in place. The appointment of a Cetrtral Administrator with significant HR experience and dub'es has seen improvements in recruitment and HR processes less input required from senior managers. We also receive support from Roots. a speaalist HR Company, on any complex HR issues. The Board are ults'matdy responsible for overseeing this area of work and WVSC also has in place a number of staff-led comrnittees induding in the areas of health and safety, equality duties and recruitsnent. These committees are tasked with responding to the operational requirements ofthe legislative framework. Our organisation has responded V11 to the COVID pandemic: We have continued serwce delNery throughout the pandemic and our offices have remained open and providing fats to face meetings for the mostvulnerabte. apart from a brief period during the initial lockdown. This included swfdy lrnplented Ihe use of Zoom and TEAMS in orderto continue service ddivery across all areas of our work We swiftly put in safety mechanisms to ensure adherence lo space and hygiene requirement. which means that we have had no transmission of Covid bthin the workplace. We have led the way for our sector in providing infomiion and support to groups and, parts"cularly in the eatly slages, vulnerable individuals. We recruited several hundred volunteefs to support the provision of f¢XJ and testing services. At the time of writing we are encouraging all staff to attend the office for part of the week. while retaining controls on numbers in the building to allow for adequate physical distancing. Fa to face meetings are increasing and aVailae across all projects. The additional toots that we have used over the past months such as Zoom and TEAMS do increase the oplions for home working. In light of this we are in the process of establishing a hybrid working policy that will aim to achieve a good balance beiween colleagues working from home with its associated advantsges and being in the office or other base in order to ensure high levels of connectivity and companionship. Personnel Most organisations have a high level of dependency on their key slaff. This is eXarba1ed within WSC where the diversity of our a¢tivthes and high levds of speaalism amon9 senior staff places us al significant risk rf those staff were lo leave through resignation or illness - in several areas there are no ready-made repla¢ements that would be able to cover beyond the short temi. Wrth an established structure lor sharing knowledge through, for example. the Section Heads Meetirvjs. we are developing our ability to respond to any loss of a staff member. but Tt is enwsaged that our reliance on key workers wll continue to be high. Notice periods for the Chief Executive and Deputy are three months and for other managers il is fvéo months (three rnonths for Talent Match); this does reduce the risk of key posts being left unfilled for any signrficant tsme. Stsff tumover is historicalty low. consistentty running near or tsdow 10°h. although, in common with many organisations this has seen some increase dunng the latter stsges of the pandemic. Staff sickness rates for this year averaged 6.1 days per emFAoyee {4.7 in 19f20). Of the total days of absence (303) more than half (163) were as the result of surgery. involving 2 staff. If these episodes are not induded then sickness rates fall to an average of 3 days per employee. Just over 500A {25) staff had no days off sick during the year.
WOLVERHAMPTON VOLUNTARY SECTOR COUNCIL Trustees, Annual Report for the year ended 31 March 2021 Ob'ectives and Activities A strategic document clanfying our objectives and how our activities meet these was completed in 2017118 and remains in place (this is due to be reviewed during 21r22). In developing this trustees conSided Ihe Charity Commission's guidan on put4ic benefit Values: We believe.. 1) Everyone should be given the opportunty to fulfil their potential. 2) That the Voluntary and Community Sector has an imFM)rtant role in ensuring that people facing disadvantage or discriminats.an are not left behind. 3) In communty action and volunteering as a route to full ¢>bzenship. 4) That we can achieve more by working in partnership wth othets. Our Mission Statement: WSC works to malntaln and develop a thrlvlng and diverse voluntsry and Communlty Secto In order to achieve this. the followng objectives have been agreed by the Board of Trustees: 1) Work with groups and organisatt"ons. enang them to Fwovide high quality support 2nd sevlices. 2) Promote and chamyon Wolverhampton's VCS localty. regionalEy and nationalty. 3) Develop opportunities for people to engage in volunteering. 4) Support groups of people to Influen the decision making prosseS that matter to them. How we do what we do Our flexibility and experien enables us to use drfferent methodologies to support seThice users. These methodologies include.. 1) Being a provider of support to exisb.ng or new VCS Ofganisats"ons. This work is funded through our Infrastru¢iure ¢ontra¢ts viith WCC, subsidised by'earned income.. This includes: O One to one support O Training 4 Funding advice O Provision of infonnation / Specialist Support in areas such as safeguarding, governan etc. O Recruits'ng volunteers for organisations and supporlirwJ those orglSa"0nS to retain and devdop their volunteer workfor. 2) As a developer. rnember or supporter of VCS consortia. enablir¥J groups ofVCS organisations (and statutory providers) to work effectivety logether.
WOLVERHAMPTON VOLUNTARY SECTOR COUNCIL Trustees, Annual Report for the year ended 31 March 2021 This includes: O Developing the Cty's Social Prescribing Servi. which is successfully linking primary care prowsion and social kyescribing via link workers, in order to improve health outcomes for individuals and reduce pressure on trad-onal heafth provision O Supporting and chamy'oning the Cits'es Leaming Partnership of VCOS / Championing Ihe sectows role at system level (ICS) 31 Working as a responsible body or managing agent lo VCS organisations and projects, providing whatever support is needed to win and manage SFecffic commissions. This includes overseeing the following consortia". / Talent Match, which is our largest project and supports young people across the Black Country who are furthest from the Yrkplace. to get nearer and into employment. O Girfs Allowed, which supports young women and girls in Wolverhampton to avoid engagement wth gangs and gang a¢tMty. / System Resilien. which SUPF)Ort people lo make better choices abcMJt their hearth care, keep themselves well and avoid retums to hospital after discharge. 0 1000/0 digitsl project. with 6 delivery partners Wofkiro to increase digitsl skills 0 Building Conneth"ons- aimed at tackling loneliness. 4) As a representative for the voluntary and comrnunity sector on a ¥wde range of local, regional and national bodies. involved in strategic thinking and planning of services and investments that will impact on priority groups in our area. This includes: O Chainng strategic bodies {Indusion Board) O Sitting on bodies such as the aty Board. safeguarding forums, Integrated Care Partnership, Cross sector forum and Children and families together board. O Sittsng on the 2rd of the Black Country wide Healthier Parlnerships Board IICSI and Black Country Grants panel 5) As a champion and promoter of the sector as a whole. promoting and provhjing channels of. communications across the hundreds of VCS organisations in our area. This includes: / Providing communication wthin the VCS and betr4een it and public sector bodies O Making the sector aware of funding opportunities / Raising awane$S of in areas such as social investrnent Operating the Third Sector Partnership SpeakirMJ on behalf of the wider sector and organising representation from the sector on strategic forums. 6) Being a direcl providér of seNlces to end user5, {onty) in cases where this work cannol be done more effeclively by other organisations. . / SUIT supports people who use drug trealment services, this work is delivered as a sut conlractor to NACRO as part of the Recovery Near You Partnership. O Social Prescribing does provide some direct support to stOMerS but its airn is to utilise (and build) the range of "Soual Prescripts'¢)ns" delivered by VCOS in the City
WOLVERHAMPTON VOLUNTARY SECTOR COUNCIL Trustees, Annual Report for the year ended 31 March 2021 Who do we work with? Wework vknere there is an identiffied need as defined bythe changing rwiorib'es in ourown and our partners, needs assessment work. These include at pSent. Voluntary organisations community groups that deliver services and support to the local community. Communthes or groups setting up or developing their own voluntary or community organisations. Those wishing to volunteer or take social acb'on. Individuals in need, where WVSC is best placed to ddiver a direct se1 induding: The unemployed and especialty the young unemployed. Those involved in drug and substance misuse. Those suffering frc¥n mental illness Those with an offending background Other peoFAe vtho use Health and well- being semces Other groups of people vtho may be vulnerable Those wishing to influence public services Local Publi¢ tK)dies induding Wolverhampton Counal, CCG, The Police, Colleges and the University. Sub regional and regional bodies induding the STP, NAVCA and most recenty the national VVS emergency response partnership Why people and organisations choose to work th us We employ a mixjel of local growth and development that uses national, regional and local resources to provide quality local services that in tum generate local economic multipliers by providing employment, training and organisats'onal support to Iccal community and voluntary tor bodies. We have relats'onships wilh pKi(ytty groups in the communty. we can support imwoved reach and influence. We understand the long temi value of buildirKJ social capital. We afv4ays work in partnership across the VCS. the statulory sector and service users. We are expert in developing and supporting the many different mode15 of partnership. soaal enterprise and joinl venture thal are needed. We are exFrt in planning and delivery mcYels based on ccthsign and co-production. Such methodologies are efficient and effective ways of working across sectors and community groups. We provide support that leads to the provision of seryices thal are effective and effluent when compared to other models of provision. Public Benefit A thriving "Third Sectorf is a key aim of Central Govemment and is increasingly seen as part oflhe solution to the health and social care crisis faang the county- This will involve the groups and organisations that make up the sector plawng a fuller role in delivefing SeNIs. induding pu1¢ seNices. Recasting the relationship btheen peop and govemment: ernpowering utizens.. extending oppjrtunities and communitss coming together to make lives better are key to current political thinking. In recent times the developrnent of soal Prescribing has seen a greaterfocus on our se¢tOf as the enthusiasm and need for 'soeial prescripts"ons' grows. In this context WVSC.. io
WOLVERHAMPTON VOLUNTARY SECTOR COUNCIL Trustees, Annual Report for the year ended 31 March 2021 Supports the development of capacity wthin the sector to position it to play a fuller part in the delivery of seNi¢es. Delivering Wolverhampton's Social Prescribing Ser4ice. Enables meaningful participa.0 in the work of partners sub regionalty, Cty-ryde and at the neighbourhood level. Principle 1: Identifiable Beneffts Ke benefits are.. A slrong and effective Third Sector in the cty. A clear voice for citizens. specifically those vtho use pU1C ServIS lo influence and improve those services arKI the policies that infonn them. 1b Related to our aims.. By supporting voluntsry organisab'ons to operate more effectively and by providing a dear voice for citizens, both through groups and as individuals. our beneffts are direcdy related to our aims. Balanced ainst harm= Wth reference to each benefit oudined above.. A strong and effects.ve Third Sector improves the quality of provision and Choi to those who commission serS. There are many services. both public and otherwse. that are delivered better by the Third Sectorfor a number of reasons induding flebIlIty. reach and cost effectiveness. This is accepted and supwrted by all FMJITbcal parttes at the time of writing. A clear Vol for citizens helps to ensure that resources are used to best meet the needs of beneficianes. It is possible that giving a disproporb-onate voice to one parbcular interest or point of view could be deth"mental and thus WVSC works hard to ensure that a balanc£d piclure, infomied by a wide range of voices, is presented through the activitbes outlined in note 15 to the ac¢ounts. Principle 2: Benefit to the public 2a Beneficiaries a ro nate to the aim Beneficiaries are °voluntary organisations. and the communty vrilhin Wolverhampton and the surrounding areas. The vast majority of our work has teen within Wolverhamplon with these beneficiaries. Some cross boundary work has taken place vritrtin the ack Country and. less 50. the West Midlands. In all this work Wolvethampton org8nisats.ons and communities have benefited and remained our focus. Talent Match, the Preventative Parthership. Girls Allowed. Black County Together, Social Prescribing and most rtlY work with the ICS provide 8 vehicle for SUPPOrting voluntsry organisations to work together to delivery public services artsj provides some cap8uty building to help them do so. Any surpluses generated will be used to the benefit of the local community. 2b Not restricted b or abili WVSC'S basic services remain free at the wint of delivery although with the r8Juc&J availability of funding we do make charges for work beyond the core offer when this is feasible. No organisats'on within the area of benefit was denied a seThi¢e because of inability to pay and VR wll ntinUe to make every effort to maintain this approach. eo ra to 2c Peo le in must not be exduded.. No charges are made to indiwduals for WVSC'S services and Ihus people in poverty are not excluded. A flexible approach to delivery including visrting groups and indiwduals. providing infomiation in written and electronic forms etc.. aEso ensures that nfrone is excluded as a result of povety. ove li
WOLVERHAMPTON VOLUNTARY SECTOR COUNCIL Trustees, Annual Report for the year ended 31 March 2021 2d Priv stbein ntal.. WVSC gives grants to groups to help them achieve their charitable aims - these are not used to provide any personal benefit to group members. WVSC provK1es for expenses to be paid to volunteers including board members. These expenses are to coverthe costs to the indiwduals of engaging in forums or carrying out specific tasks. Fundraising The majority ofWVSC inrne is from Contracts and Grants. In the year under report we were involved in fund raising activities to support the response to the pandemic, as described below. One City Fund.. In partnership with City of Wolverhampton Counal we embarked on a crowdfunding campaign to raise funds to be distritryjted to voluntsry organisats.ons in the City who were responding lo the COVID outbreak. Activities commenced in late 19120 and cont'nued well into the year under report. In essence WVSC agreed to act as the accountable lyyjy for funds. receiving contribLttions from businesses and indiwduals ensuring that they Vre distributed fairty and in line with the campaigns agreed approach. Some organisation were selected prior to the campaign and named. in addition there was an open call for applications that were then considered by an independent panel. The process was established in line with guidance from the Fundraising regulator. Sf)ecifically checks were be carried out on each beneficiary induding the provision of banking details and the receipt of documentation signed by senior staff or board members, monitoring wll be in carried out that is proportionate to the funds allocated no organisation will r1ve more than £5.500- a report conffimiing the funds have been used as agreed wll be required from each beneficiary. Go Cardless. which collected the majority of donations, made charge of 0.5%- all other funds went to treneficiaries apart from a small surplus which wll be used in line with the funds, advertised aims. WVSC will not benefit financtally and contritMJted £10.IYJO to the fund - this donation vtss made from funds received from the CCG to support our work in respondirvJ to Covid. Volunteers WVSC operates the city's Volunteer Service Olvearnpton Volunteers). The seryice places ovef 1 OC4J new volunteers a year, with some 350 registered organisations offering placements. The service also supports our most vulnerable cttizens through BBO (Building Better Opportunities) working more closely with Ihem to help ensure they can use volunteering. training and other routes to move nearer and into employment. Wolverhampton Volunteers has achieved the quality standard - the Volunteer Centre Quality AredItatIOn IVCQAI - developed by Volunteer England, which focuses on the six core fvndions of a volunteer Centre and of which only one is avai12ble in each localty. The centre is increasirKJly becoming a hub for Volunteering across the vknO iity. at the outbreak of COVID 19 and the associated restrictions we worked dosely with the local mutual aid group which led to a significant increase in the numbers of volunteers registered vrith us. This in tum led to some expansion of the Volunteer offer to include work wth care homes and the Cty Council. We provide regular support sessions with placement providers to improve their knowwge and practice, and outreach where capacity allows. In 2016117 we secured EU fvnding to w(Yk intensivety alongside people facing signrficant barriers to employment and for whom volunteering will be part of the solution. This of the Volunteer service works with 50 people a year. Funding for this work has recently been exlended until April 2023. 12
WOLVERHAMPTON VOLUNTARY SECTOR COUNCIL Trustees, Annual Report lor the year ended 31 March 2021 ISC does offer opportunities for volunteering, primarily within Social Prescribing through for example befrienders and SUIT where volunteers are central to the delivery of the seryio. Opportunlties elsewhere within the arganisab'on are ad hoc but do regularly offer themsefves. Details of the various work strands that deliver the above are included in Note 15 to the accounts on page 29. Overall Achievements Perforniance and Financial Review During the year there was an increase in income to £3,565,773 {from £3,318,123). This increase is primarily as a result of the continued growth of the Sial Prescribing project. We continue to seek new opportunities to deliver our aims and otty'ectives. and antiopate additional success during 2021122. particularly in temis of accountsble bod$ roles. Ourlargest proje in temis of income, Talent Mal¢h. is due to end at the end of 21r22. although funding applications are being made to allow us to conts.nue this work. The bulk of this funding is money in-money out although there will be some impact on funds available for "core- and if no replacement fvjnds are secured we will need to reduce our core costs. This year has seen a mi>Jest increase in the unrestn.cted balance carried forward of £21.550 (£10.766 in 2019120)- this is a resutt of a one off historical adjustment of £32.193. The deficit in infrastructure support was agreed by the Board at the beginning of the year and is more than offset by unrestricted earned income. During the year we wofked directly to support many hundreds of groups and organisations.. engaged v4th and influenced a wtde range of forums. strategies arKI initialives across Wolverhampton and beyond and supported thousands of Vulnerab and troubled individuals. both directly and through collaborations wth a wide range organisab'ons. As part of this we F4aypJJ an important role in the Covid response as outlined under Note 15 (purpose of fijnds). Ourwork was delive 11 against its targets and Contracts. Talent Match met its Nats"onal Lottery Targets and is well regarded by the fvnder, benefioaries and partners. We have exited from IMPACT where the clash of ideologies with the Local Accountable Body (LAB) become untenable and at the time of writing are negotiating a final payment for our woth. We continue to lead the way in leftns of innovation across the Cty, chamFrfoning the development of social prescribing including rnaking successful applications for funds to be utilise(I by partners in providing prescriptions. We see this as a growing area of Wofk. More $ifiCallY conts'nue to work with partner5 within and across sectors to address areas such as c¢Fproduction. th01e syslem approaches to deliver and the on-going levels of inequalty in our City- We have significant support from the VCS. to continue to develop our role in leading ¢onsortia and this as an important part of the future. Al the time ofwriting are awaiting Ihe outcome of an application to the Comrnunity Renewal Fund by us in partnership 15 local VCOS with a value in excess of 7ThJK. This is a pilot for the larger Shared Prosperty Fund that we intend to apply to with VCO colleagues. The emerging Integrated Care System is a significant Op{nty for our sector with vAdespread aCknOedgeMent of its roll wlhin the lthole system" approach. We are leading for the sector in thi5 work which is already teginning to bear fruit in the forn of funding all¢xations to our sector. for example through system wde mental health transformation. The year has been dominated by the Covid pandemic and this is referred lo elsewhere. Our resF)onse has increased our stsnding within the City and beyond and our leadefship role relatively secure as a resull. As we emerge from the restrictions we wll need to be fleet of foot. flexible and innovative if we are to grasp the opporlunilies for our organisalion and sector within what is a changiw L8ndscape. 13
WOLVERHAMPTON VOLUNTARY SECTOR COUNCIL Trustees, Annual Report for the year ended 31 March 2021 Reserves Policy The reserves nsidered in the Reserves Policy. are Ihe Yree reserves.. These are the sum of the Unreslricted General ReseNes. less Fixed Assets wthin Unrestricted Aclivty. These free reserves indude designated funds. The rationale for WVSC'S reseNes is: to bridge the gap beeen the spending and receiving of resources, to provide sustainability and continuity Vdithin times of income shortfall, and to enable WVSC to respond to key developments in Ihe sector. The Trustees aim to build reserves which would enable WVSC to continue to fulfil its commitment to achievement of outcomes for at leasl 6 months, and lo honour ils liabilities at any point in b"me. For the 2020121 accounts this policy gave us a figure to work towards of £920,068. Within this amoun( fvnds of £162.013 {2019120 £145,571) are closure costs, which are represented as part of designated funds, and £758.055 are the running costs for 2021-22 as required by the reserves policy. As at 31 March 2021. WSC'S unrestricted reserves are £551.455 (£529.905 in March 2020). This includes £162,013 for dosure costs (which together with £1.330 safety fvnd are included as deSnated funds), and a commitment towards a ffixed asset of £2.250 leaving a residue of £387.192 (£383,004 in March 20201 as conlribution towards the target of 6 months runnir¥J costs, as directed by the reserves policy. Plans for the future Our Infrastructure and Volunteer Centre contracts are in rAa¢e until 2021r22. While we do not see any significant challenge in terms of this contract were il to be r&tendered. the Current uncertainty with regard to the financial situation of Councils is a nCern. We subsidise the Contract finanaally but Ihe role that it supports is key to our aims and objectives SUIT has a sub contract in place with NACRO until 2022r23 vrith the option of an extension until 2024125. Relats"onships wth NACRO are go¢)d and we eXIL Ihe extension optson to be operated wth the fvnder and beeen us and NACRO Talent Match funding is also in place until12021122- an application to the Community Renewal Fund has been shoruisted and we are awaiting the final resulL An application to Ihe shared prosperity fijnd is in the planning stsge. Soual Prescribing Funding is agreed year on year Vth PCNS which is a challenge. The r&organisats'c of the CCG and departure of many staff is currentty an issue as we work to establish new relationships. The PCNS have agreed to fund the young people link workers untJ"122123 and we ants'cipate the same agreement for adults part of the funding come5 from the CCG and we wll need to negotiate its continuation beyond 21122. Overall V do see this as a grov•ryng area of wo1*. The landscaFe is still dominated by the impact of COVID-19. The epidemic has highlighled the frailty of the Health and Social Care System and there is a growng acknovAed9ement that the VCS 1$ 2n important part of the solution. foCun9 as it primarily does, on prevention. Hefein lies a key focus in the years ahead. More speafically. / Social Prescribing is likely to expand. at the time writsng V have just recruited 2 SP workers to work with young people by way of a 10t and NHSE anticipate significant growth - V are well placed to beneffit O The Black Country Integrated care system is most likely to imF4ement the whole systern approach that is required. We sit on the board and employ the worker leading on this work for the VCS. IAS anticipated last year funds for the sector are beirrfJ made available and the CVS OrganisatiS are central to this. We have a very posityve emerging relab"onship with the local hospital trust and a joint applicalion to the national NHS charity is being rtn 14
WOLVERHAMPTON VOLuTrifARY SECTOR COUNCIL Trustees, Annual Report for the year ended 31 March 2021 There will be opp)rtunibes to expand our role in leading consotha and r application, with 15 partners. to the Community renewal fijnd has been shcdisted - this augers well f(x a substantJve application wth our Iccal seclor to the Shared Prosperity fund v4hich replaces EU ftjnding. / Wc4verhampton for Everyone is an imFQrtant developing movement and we are at its heart - funding though will te required in order to suslain the th and a k)ttery applic", in partnership with a similar movement in Dudley is undervray In summary.. Funds for 2021122 are in place and finances for year fairly robust We face a significant allenge ft)r 2022123 and beyond Vdith less secunty around key funds than has been the case in recent years. at the same )"me the changing landscape and.fall our frcffi Cowd presents significant opportunities. Ouring the year ahead the Board wll be meetsng to review the situation at that ttme and opbons for the fvture. Auditors Messrs Muras Baker Jones Limited have signffjed their Nillingness to ccntinue in Offi as auditors and this was agreed in principle at the 2020 Annual General MeetiThJ. Board of Trustees Sleve Clay (Chair) Janet Clarke Lews Pamela Cole-Hudson James Fox Anne Maryd Harris Ann Biddle Patricia Mary Kemp Sarah Deeming Simeon Green {appoted 23 February 20211 Gurbax Kaur (appointed 11 March 20211 Edna Mas(a lapFointed 11 March 20211 Mike Haslings resigned Kmth effect frcwn 23 Febnwy 2021, Rebecca Ann Bamsley resigned vth effect frorn 13 May 2021. Disclosure of information to the audito We, the trustees I directors of the cofflpany held office at the d of approval of these Financial Stsiements as sel out above each confirm. so far as we are aKdre. IhaL there is no relevant audit information of which the companls altorS are unware., and we have taken all the steps that VR ought to have tsken as directors in order lo make ourselves aware of any relevant 8Y1t infofmaljon lo estsblish that the compans auditors are aware of that informatn. By order of the Board of Trustees lan T Darch Secretary 18 Novernber 2021 Steve Clay Chair 18 November 2021 15
INDEPENOENT AUDITOR'S REPORT TO THE TRUSTEES OF WOLVERHAMPTON VOLUNTARY SEcfoR COUNaL for the year ended 31 March 2021 Opinion We have audited the finanryal ststements of Wofverhampton Voluntary Sector Council (the 'chantsble company,) for the year ended 31 March 2021 vkni¢h comprise a statement of financial activibes (incorporating an inrne and expenditure account). a balance sheet and notes to the financial statements, including a summary of significant accounting r<)licies. The financial reportng framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Repothng standa applKable in the UK and Republic of Ireland {United lfjngdom Generally Accepted Accounting Pra1). In our opinion the finanaal slatements.. give a true and fair view of the sLe of the charitat4e compan5 affaits as at 31 March 2021, and of rts incoming OUrCeS and applicats.on of resources. incluth'ng its income ar)d expenditure, for the year then ended., have been property yepared in accordan Nwth Uniied lQngdom Generalty ApIed Accounting Practice. and have been prepared in Ordance with Ihe requirements of the Companies Act 20CI8. Basis for opinion We conducted our audtt in accofdance with Intemational Standards on Audthng (UK) (ISAS {UK)} and applicable law. Our responsibiif(ies under those standards are fijrther described in the Auditorfs responsibilities for the audit of the financial ststements section of our reporL We are independent of the charitable company in accordance wth 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 these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relating to going concern In auditing the financial statements. we have conded that the tntstees. use of the going concem basis of accounting in the pparatIon of the finanaal ststements is appropnate. Based on the work we have perfOrnd. have not Identr any material uncertainties lating to events or conditions that. indimdually or collectively. may ¢ast signrficant doubt on the charitable company's ability to continue as a going concem for a peric•J of at least trfftlve montts from vthen the financial statements are authorised for issue. Our responsièilities and Ihe responsit4"lit"es of the trustees wrth respect to going COnM are des¢ribed in the relevant sections of this report. Other information The tnjstees are responsible for the other infomialion. The other infonnation comprises the infornation included in the tnjstees, annual report, other than the financial statements and our auditorfs report thereon. Our opinion on the financial statements does nol Cover the other infomiation and, except to the extent otherwise eXF1¢ll[Y stated in our report. V do not express any fom of assurance condusion thereon. In connection with our audit of the financial statemenls. our responsibilty is to read the other infomation 2nd, in doing so, consider whether the other information is materially inconsistent with the financial ststements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we ident'fy such material inconsistenues or apparent material misststements. we are required to determine whether there is a material misstatement in the finanaal statements or a material misstatement of the other information. If. based on the work v have perfomed, we condude that there is a material misstatement of this other infomiation, we are required to report that fact We have nothing lo report in Ihis regard. 16
INDEPENDENT AUDITOR'S REPORTTO THE TRusfEES OF WOLVERHAMvf014 VOLuKfARY SEcfoR COUNCIL for the year ended 31 Marth 2021 Matters on which we are required to report by exception We have nothing to report in respect of the following matters in relation to vthich the Charities {Accounts and Reports) Regulations 2008 require us to report to you rf. in our opinion.. Ihe infomation given in the financial ststements is irKonsislent in any material respect with the trustees, report., or Ihe charitable company has not kepl adequale accounting rerdS., or the finanual statements are not in agreement with the accounting records and returns" or we have not received all the inlomiation and explanakn.ons we ruIre for our audit. Responsibilities of trustees As explained more fully in the trustees. responsibilities statement set out on page 2 the trustees {who are also the directors of the charitatAe company for the purwses of Company law} are responsible for the preparation of the financial ststements and for being satisfied that they give a true and fair view. and for such intemal control as the trustees determine is nsSary to enable the preparation of financial statements that are free from material misststement. whether due to fraud or error. In preparing the financial statements. the trustees are responsible for assessiThJ the charitable company's ability to continue as a going concem. disclosing. as applicable. matters related lo going concern and using the going concern basis of a¢¢ounting unless the trustees erther intend to liqutdate the charitable company or to cease operations, or have no realistic altemats.ve but to do so. AUdit0S responsibilities for the audit of the financial statements We have been appointed as auditor under se¢bon 144 of the Chariti'es Ad 2011 and report in accordance wth regulations made under section 154 of that Act. Our objeth.ves are to obtain reasonable assurance about twhether the financial statements as a whole are free from material misstatement. whether due to fraud or error, and to issue an auditorfs reportthat includes our opinion. Reasonable assurance is a high level of assuran. but is not a guarantee that an audit conducted in accordan ISAS (UK) wll ah¥ays detect a material misstalement when it exists. Misstatements can arise from fraud oreffor and are Considered material rf, individualty or in the aggregate, they could reasonabty be expected to influence the economic deci&ons of users taken on the basis of these financial staternents. Irregularities, includirwJ fraud. are instances of nonthc0mp1ian with lavo and regulations. We design procedures in line vAth our responsibilities, ouuined above. to detect material misstatements in of irregularities, including fraud. The extent to wthich our procedures a Capable of detecting irregularities, including fraud is detailed below-. In planning and designing our audit tests V identrfy and assess the risks of material misstatement within the financial stalements, whether due lo fraud or error. Our assessment of these risks includes. consideration ofthe nature ofthe industy and sector. the control environment and Ihe charrty perfomiance along the results of our enquirTres of management about their own identsfication and assessmenl of risks and irregularities. In cornrnon all audits under ISAS {UK), we are also requir&J to perform specific procedures to respond to the rtsk of management override. We also obtained an undetstsnding ofthe legal and regulatory framewo$ that the charitable company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determinats.on of material amounts and disclosures in the financial ststements. The key laws and regulations we COndered in trms context induded the UK Companies Act, charib.es Act. UK tax legislabon and other laws and regationS identif*d as risk areas identified frorn our discussions managrlL 17
INDEPENDENT AUDITOR'S REPORTTO THE TRUSTEES OF WOLVERHAMPTON VOLUNTARY SEcfoR COUNCIL forthe yearended 31 March 2021 We communicated relevant identffied laws and regulations and potential fraud risks to all engagement team members induding intemal specialists, and remained alert to any indications of fraud or non- compliance with laws and regulations throughout the audit. After consideration of Ihe above risks we then carrd out audit procedures including the following.. perfomiing anatytical procedures to identfy any unusual or unexpected relationships that may indicate risks of material misststement due to fraud: reading rninutes of trustees meetings.. reviewing Corresponden with H M Revenue & Customs". enquiring of management and reviewrvJ anycorre5ponden¢e legal advisors conceming actual and potential lits'gats'on and daims: reviewing the financial statement disclosures and testing to supporbng documentation to assess compliance wrth provisions of relevant laws and reguiab.ons described as having a direct effect on the finanaal statements: in addressing the risk of fraud through management override of controls, tes'ng the appropriateness of joumal entries and other adjustments: assessing ether the judgements made in making accounts'ng estimates are indicats.ve of a potenlial bias; and evaluating the business rationak of any signrficant transactions that are unusual or outside the nomal course of business. There are inherent limitations in our audit procedures described above. The more removed that the laws and regulations are from finanaal transactions Ihe less likely it is that we woukl be aware on non- compliance. Auditing standards also limit the audit procedures required lo identify non-compliance laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal Correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as Ihey may involve deliberate concealment or collusion. A fiJrther description of our responsb"litEes for the audit of the finanaal ststements is located on the Financial Repo.ng Council's vbsIte at 4ww.frc.org.uklauditor5responsibilities. This description forrns part of our auditorfs report. Use of our report This report is made solely to the charilable companls trustees. as a body. in accordan vAth Part 4 of the Charits"es (Accounts and Repottsl Regulations 2008. Our audit work has been undertaken so that we might state to the charitable compan5 trustees those mattefs we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent permitted by law. we do not a¢p1 or assume responsibility to anyone other than the tharilable rxjmpany and the charitable company's trustees as a body, for our audrt work. for this reporL or for the opinions we have fomied. /A*< Muras 8akei Jones rnited Chartered Accountants and Statutory Auditor Regent House Bath Avenue Wolverhampton WV14EG /IN ovember 2021 Muras Baker Jones mited is eligitle to act as an auditor temis of Section 1212 of the Companies Act 2006. 18
WOLVERHAMPTON VOLUNTARY SECTOR COUNCIL ststement of Financial Activities for the year ended 31 March 2021 (Incorporating an Income and Expenditure Account) Unrestricted Rel¢ted Funds Funds 2021 2021 Total Funds 2021 Total Funds 2020 Note INCOME Inccxne from charitatAe actii41ies 38.744 3.521.094 3,559.838 3.311.445 Instment Income 5.935 5,935 6,678 TOTAL INCOME 44,679 3.521,094 3.565.773 3.318.123 EXPENDITURE Charitable A¢tiiities 7.931 3.325,405 3.333.336 3.243.094 TOTAL EXPENDITUF4E 7.931 3.325,405 3,333,336 3,243,094 NEf INCOMEIEXPENDITURE 36.748 195,689 232.437 75.029 Transfers between funds 15 {15.198) 15.198 NEf MOVEMENT IN FUNDS 21,550 210,887 232.437 75.029 Total funds brought btwdrd 529.905 807.588 1.337.493 1,262.464 TOTAL FUNDS at 31 March 2019 551.455 1.018.475 1.569.930 1,337.493 19
WOLVERHAMPTON VOLuNfARY SECTOR COUNCIL Balance Sheet as at 31 March 2021 20 2020 Fixed Ae Tangible Assets Inlestments 3.0(XJ Current As%ets" Debtors Deposit Accounts Cash at bank and in hand 10 392.115 435,542 862,584 1,690.241 264.977 429,758 79), 175 1.484,910 Creditovsamounts falliry thje within ¢yE ye Net current awts Total net a8Eets 12 I122.) {150.4181 1.567.679 1.569.930 1,334.492 1,337.493 Charity Funds General unrestricted fund Designated fiJnds Restricted fiJnds 388.112 163,343 1.018,475 1.569.930 383.004 146,901 807.588 1.337.493 The Directors are satisfied that the company was enkn.tled to exemption frcm audit under section 477 of the Companies Act 2tsJ6 relating to small eompanies. H¢ywever. an audit is required in accA)rdance wth section s154 of the Charibes Act 2011. Directors, responsibilities.. 11 The members have not required the o)mpany to otrtain an audit of its accounts for the year in quesb'on in OrdanCe wth section 476" 21 The direct acknovAedge their reskNMsits'lities fof comFdying Vith the requirements of the Act resFe¢t to aetounts.ng records and preparation of the x¢ounts. The financial Ststsments were appn)ved by th¢ Board of Trustvs and authorised for issue on 18 November 2021. Steve Clay Chair of 8oard of Trustees Janet Clarkeiewis VK2 Chair. Board of Tnjstees Company Number. 2288239 20
WOLVERHAMPTON VOLUNTARY SECTOR COUNCIL Cash Flow Statemenl at 31 Marth 2U21 20 2020 Cash Ilows from owrnting actiwtie% sUu$ l {Deficitl ts the y 232.437 75.029 All1mlS tr. Cepreciation of tarJible assets Other irrterest e1e slIar Irlyne 750 15,9351 16,6781 Ch8roJes in". Trade and other debtUS Trade and ¢ther ¢rethtCf5 {127,1381 I27,8) 42,848 32,278 Cash rratj from OFffiticfts: 71258 143,477 Intertst recee 6.678 Net cash frDm I Iu58d inl cFerating actimlies 78.193 150.155 Cash flow$ from In¥•ng acllvllles Payment to acqu tangble fixJ assets (3,0) Net i#se I Ide¢rease) in cash and cash eert5 78.193 147.155 Cash cash equI&S at t*inruThJ ofyear 1,219,933 1,072.778 Cath arKI equivalents at the year end 11 1.294126 1.219.933 21
WOLVERHAMPTON VOLUNTARY SECTOR COUNCIL Notes forniing part of the financial ststements for the year 1 Statement of Compliance The financial ststernents have been prepad in Complian wth FRS 102, The Financial Reporting Standard applicable in the UK and the Republic of Ireland., Ihe Statement of Recommended Practice applicable to chanb'es preparing their accounts in accordance vath the Financial Reporting Standard applicable in the UK and Reput4ic of Sreland (FRS 102) (Charities SORP IFRS 1021) and the Charities Act2011. 2 Liability of Members WVSC is a company lThited by guarantee. It does not have a share capital and the liability of each membef is limf(ed to the guarantee gNen by that member. which shall not exceed £1. There are no beneficial interests and under the temis of its Memorandum and Artides of Association any surplus can only be applied towards the promots'on of WSC'S objectives, and no dividend Of other form of distribution can be paid to it5 members. 3 Accounting Policies Basis of re aration The financial statements have been prepared under the historical cost convention. The finanaal statements are prepared in sterling, v4hich is the functional currency of the entity. WVSC meets the definiknon of a public benefit entty under FRS 102. Certain employees are members of the West Midlands Pension Fund (TrVMPFI. The pension cost charge in Ihe financial statements repsents contributions due to this s¢heme in respect of eamings during the year, which are based recommendab'ons by the fund actuary. The disclosures required by FRS 102 have not been inctuded in the financial stalements. WVSC is in a mults'*mployer defined benefit pension sd)eme. WMPF. and FRS 102 requires such organisatsons to identfy their share of the scheme's assets and liabilits'es. However, vlithin FRS 102 this is only to be achieved rf "suffiaent infomiation" is available to do so. WVSC believes that an actuarial valuation would not a reasonable use of public fijnds, and the directors therefore have decided not lo provide this financial infoThats"on on the balance sheet in the finanal statements. WVSC manages contribulions to its pension fijnd in line the WMPF valuation recommendations, pension costs for all of the projects are fulty budgeled for. and WVSC receives an actuarial valuation on the WMPF scheme on a three yearly basis. Issues around risk rnanagement of the pension fund are continually assessed through work wth staff at WMPF, and at Board of Trustees, Meetings. Tan ible red assets and de reciats'on Tangible fixed assets are normalty capitalised vthere the cost ex¢eeds £1,000. and are stated at cost less depreciation. Depreaation is provided on all tsngible fixed assets at rates calculated to write off the cost, less eth"mated residual value, of each asset. on a straight line basis over its expected useful lrfe. as follows.. Office equiFynent Computers Refurbishment on lease over S years over 4 years over time remaining on the premises lease agreement The accounting for depati leads to a discrepancy befvn some finanual statements submitted to funders, and the fund actiwty shown in the statutory accounts of WVSC. If a project has a fiJnder whith requires that a capital purchase is to be presenled as a cash item ralher than as a capitalised item, as required by Charty Accounting wles. then a discrepancy emerges een the amount claimed from the fijnder. and the fund accounting in the statutory accounts. Where this is the case, that particular discrepancy is referred to in Ihe Tnjstees ReporL 22
WOLVERHAMPTON VOLUNTARY SECTOR COUNCIL Notes forrning part of the financial ststements for the year Accounting Policies IconL Grants able Grants payable to local organisations are recognised in the financial ststements when there is a commitment to make a payment Incom Revenue grants are received from various funders- see note 5- in order to finance WVSC'S acts'vities and are accounted for in the income and expenditure account on an accruals basis. Where revenue grants are received which have donor-imposed restrTrctions as to the timing of the related expenditure, any income received in advano is deferred. Where revenue grants are received. which do not have donor imposed restrictions as to the timing of the related expenditure. tt)e income is accounted for when received. Incorne from grants. vthere related to perfomance and specific deliverables, are accounted for as the charity earns the right to considerats'on by rts perf0mlan. Income from the provision of legal. payroll and other ce seThi¢es are accounted for when earned. Donated services and facilities are included al Ihe value to Ihe charity, where they can be quantified. Investment income is induded when receivable. nditure Resources expended are recognised in the pefi¢yJ which they are in¢)Jrred and indude attributsble VAT. where it cannot be re¢overe(l. Expenditure on ¢haritsEYe a¢tiMties consist of costs incurred in the direct delNery of seNices and the support costs which are allocatal to each of these areas of service provision. eratin leas Rentals payable under operating leases are charged to the stateTnent of financial aclivities as incurred. Fund accountin Unrestr(cted fiJnds comprise grants arKI other incoming resources receivable, or generated for the ot4.ects of the charity, wilhout further speafic Purpose. and are available as general funds. Restricted funds are to be used for SFecific purposes as laid down by the donof. Expendtiure which meets these criteria is charged to Ihe fund. together with a fair allocation of management and support costs. Designated funds are unrestricted fijnds earrnaed by the TnJstees out of unreslricted general funds for specrfic purposes or projects. Goin Concern The financial slalements have been prepared on a going concern basis as the trustees believe that no merial UnrtaIntieS 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 gJfficnt Wtth the level of resefves for Ihe charity to be able to continue as a going concern. 23
WOLVERHAMPTON VOLUNTARY SECTOR COUNCIL Note5 forming part of the financial statements for the year 4 Grants payable Number 2021 NuMr 2020 Seffllelp GrcKJps - Mental Healh EmpCnenl Third Sector Con50rtiwn Partnerslsysterns Resilience 1.095 115.304 11S,304 Talent Match Partner5 1.149.339 1,243,7 One City FuThJ grwrts 37 Girls Allchyed Partn5 100.467 Building Connections Partnws 19.841 22.323 Social Entwprise Wrjwhampton Peèr MertIng 12 3,000 Soeial Prescribing Partner 24.497 24,497 1.471.871 35 1.510,422 5 Income from Charitable Activities Unrestricted 2021 Restrtted 2021 Totsl 2021 Total 2020 819 Lottery Fund Grants IBLF) ESF grants BLFIESF Int funded kryranme BLFIDCMS" Int fiJnded pYo3ramme City of Wdwhampton C11 {CWC} Clinical Ccfflmisioning GrcP ICCG) C¢x)p Foundation Department of Heatth clIe Relief The BaoW Cadbury frust PdiGe and Crime Commiss Creati¥e Black Country Lknation NC Grant Inc¢Jme 726,997 1.318,864 67.588 30.391 177,8 713.803 9,990 41.184 100.LN)O 726.997 1,318.864 67.588 30.391 177,908 713.803 717.481 1.351.160 6S,688 32.391 230.333 478.809 6.305 84,884 45.141 1,200 114,550 41.184 100.000 114.550 6.SJO 79.836 133.483 114550 6.500 79.836 172.227 962 38,744 182.541 38,744 3.521,094 3.559.838 3.311.445 Department for Digital. Culture. Media & Sport 24
WOLVERHAMPTON VOLUNTARY SECTOR COUNCIL Notes forrning part of the financial statements forthe year 6 Breakdown of Costs of Charitsble Activlty Other Staff Co*s Charrtable Support Costs Total 2021 Totsl 2020 C(Ye Actiiities Infrastructure Supwrt incl Ttsding 31.152 1,703 32.855 31.152 {23.2211 7.931 13.616 13.772 27.388 5.815 5.815 {30.739) {30.739) Acti Citizens Fund 364 Engagement & Partnetshipllcs Faith Engagement Girts Allt%ved Infrastructure Supwrt Life Chances 25.2 10.955 4,118 s6.7 3.602 752 4,798 34.302 13.707 88.456 116.197 13,428 123.278 116.134 77,838 2.181 17.109 Mental Health 816 816 17.973 One City Fund pU1C Health Transtjrmation 85.095 481 86,096 Sernice User Inwlwnent S¢xial Enterprise w01arnOn Social Prescribing ICCG) Social Prescribing (DOH) Co¥id-19 reSp(se Building Conneclions Talent Match - Big Lottery Talent Match - Impact (ESFIYEI) Talent March - PCC Third Sector ThSOrtirn.. Systems Resilience Third Sector Partnership Vc4unleer Serbices Bridges Volunteer SeF¥i¢es 84.265 3.174 30.309 117.748 124.434 19,655 312,811 88,453 399.6 30.028 43.034 7,435 41,527 25,545 375.247 50.510 58,708 1.236,037 139,232 49.632 3.721 492,356 41,184 41,S27 2S.S45 24.SS6 110,334 $36,091 645,292 28.905 1,323,650 1,352,945 139,232 84,904 126.954 126,954 122.217 227 2.711 227 66.009 61.290 4,424 656 783 67.280 62.181 1.890 55.446 45.651 197 7.852 15.153 Space to Conneet Space to Connect 2 WolKert)ampton for EryOne YOW - Orange WC4rharnp1on YOW - Children's Worktsrce 4.227 656 2,279 6,499 8,778 36,337 1.324 477 680 TOTAL RESTRICTED 1.190.209 1.858.883 276.313 3,325.405 3.215.706 TOTAL EXPENDITIJIE 1.196.024 1.828.144 309.168 3.333,336 3.243,094 25
WOLVERHAMPTON VOLUNTARY SECTOR COUNCIL Notes fom)ing part of the financial statements for the year 6a Support Cost Breakdown by activity 2021 2020 Staff costs 208.434 55.023 35.177 750 2.284 301.668 186.066 54.601 31.417 Property Office Depreciation Professional fees Support Costs 1.958 274,042 Gonae costs: AGM Audit fees TOTAL COSTS 7.500 309.168 7.320 281,362 Basis ol allocation of costs: Staff costs: These are the staffing costs associated work undertaken in the specific project aaS as listed in note 6. Most staff work wholly in one project area. and their staff costs are allocated to that project. If their time is shared be1vn projects. then the staffing cosl ts split accordingly. The staffing cost comprises gross salary plus on costs, including pension costs where applicable. Other charitable costs: These are costs viithin the projects. incurred in the pursuance of the aims and objectives of each project. These costs are specific only to the project which they are allocated to. Support Costs: These are costs which are incurred in the running of the organisation. They would include for example, core staff costs. rent. insurance, heat and light. IT support. repairs and maintenance, and any other costs which are associated wrth core staff executing their tasks. which are required in order to support all the projects and contracts within the organisation. These costs are calculated on a budget basis, at the teginning of the financial year, and allocaled as per numbers of full-time staff members in each woject. or in accordance wrth grant agreement arrangements. Any support costsvthich are not recovered in the actual year, are seen as an additional core service support cost. 7 Net incomingl{outgoing) resources before transfers 2021 2020 This isslated after ¢harging: R81$ under operattng leases Auditors remuneration 25.CQO 25,000 7,320 E*preciati¢Jn.' owned fixed assets 750 26
WOLVERHAMPTON VOLUNTARY SECTOR COUNCIL Note5 forming part of the financial statements for the year 8 Tangible Fixed Assets Refurb on lease Computers and office equlpment Total Co 31 March 2020 Athjitions 31 March 2021 5.250 40,246 34.996 5.250 40,246 Depreciation: 31 March 2020 Charge for the year 31 March 2021 2.250 750 37,246 750 34,995 3,000 37,996 Net book value: 31 March 2020 31 March 2021 3.Th)0 2.250 2,250 9 Fixed Assets Inveslments The companls investrnents at the balance sheet date in the share capital of companies include the following.. Peo le in Partnershi olverham ton Commun Interest Com Nature of the business." The Company was incorporated on 12 July 2011 and has not traded during the year 2020-21. Initialty WVSC held 100D/o of the holdiw, however the artides were amended and subsequently changes resulted in WVSC only holding 25Ya. However subsequent gifting of Iwo shares have made it so that WVSC now holds 75% of the active holding. Class of share % Hdding 75 0Inary 2020 2019 Aggregate capital and resep*s Black Country Together C.l.C. Black County Together CIC was founded 31 January 2013. by the four Counals for Voluntary Service in the Black Country each wilh 250k membership, with the aim of increasing levels of funding coming into our suregIon and fostering greater cTroperation a1 collaboration beeen voluntary organisations and local statutory agenoes both within and across borough boundaries. BCT CIC is a company limlted by guarantee Vth(mJt share capital. It is actively trading generating an income of £1.857.223 in the year ended 30 June 2020 which resuMed in a small deficit of £1,196 for Ihe year. The balance sheet at 30 June 2020. the most rent set of accounts, showed net assets of £2.755. lan Darch. WVSC CEO. is a director of BCT CIC. 27
WOLVERHAMPTON VOLUNTARY SECTOR COUNCIL Notes forming part of the financial ststernents for the year 10 Debtors 2021 2020 Oebtors 304,743 176.288 88,689 Payments in adnce 87.372 392.115 264.977 11 Cash and Cash Equivalents 2021 2020 Funds on deposrt at bank Cash at bank and in hand 435.$42 862.584 1.298.126 429.758 7.175 1.219.933 12 Creditors: amounts falling due within one year 2021 2020 DefeThed income Other eredito 104.427 103.716 Accruals 18.135 46.702 150.418 122,562 13 Analysis of Deferred Income No deferred income 31 March 2021 {2020 none). 14 Analysis of Net Assets between Funds Unrestricted Degnated Rel¢ted Total 2021 Fixed Assets 2,251 405.313 {19.452) 388.112 2.251 1,690.241 1122.S62) 1.569.930 Current Assets 163.343 1.121,585 {103.110) 1.018,475 Cuent Liabilities 163.343 28
WOLVERHAMPTON VOLUNTARY SECTOR COUNCIL Notes foming part of the finartial 5t3tements for the year 15 Reserves and Reconciliation of Movement in Funds 31 March 2020 Tran*rs InmIng Outyoing 31 Mar¢h Resources Resources 2021 Unrestricted fund& General unrestricted fvnds 383.IJ04 (31.640) 146.901 16.442 529,90S (1&1981 44.679 7,931 388,112 163.343 S51,455 Designaled fvnds 44.679 7.931 Restrlcted fund Engagement & Partnershipllcs Faith Engagement Girls Allov 38,358 13,908 100,000 1(%),484 ,302 13,707 88.456 116,197 4,056 2.647 22.612 22.548 11.a68 67.796 34,156 22.033 11.868 66.980 4,740 IrrfrastTUCture Supwt Life Chances 15.198 Mental Health 816 One Clty Fund Public Health Transformati 89.835 85.095 10.324 8.702 133,0 117,748 79,94S {16.527) 514,471 492.356 41,184 41.184 25,000 41,527 30,391 25,545 726.997 536.091 1.318,864 1,323.650 114.550 139,232 SerKice User In)KJlKement (surr) s1 Prescrily"ng {CCG) Social Prescribing (DOH) CoKid-19 response Building Connections Talent Match- Big Lottery Talent Match- Impact {ESFThEI) Talent March - PCC 23.954 85.533 16.527 7.885 471.978 4.786 29.646 12.731 662.884 4.964 Third Sector Cs¢rtiuM..sySlems Resilience 6.778 125,974 126.954 5,798 Third Sector PartneTrhip Volunteer SeN¢es Bridges Volunteer Serlices 239 227 12 355 67,588 60,000 66.009 61.2 4.424 656 1.934 7,246 {9) Space lo thnect Space to Connecl 2 Winter Pressures Fund 4.415 9.990 22.000 19.975 22,000 15.197 6,SOO 881 Wd%erhampton ft)r EKeryone WE - The'F' Words 4,000 6.500 8.778 YOW- Orange WI$ YOW - Childen s Workforce 881 3.663 807.588 1S.198 3.S21,094 3.325.40S 1.018,475 1.337.493 3,$6S.773 3.33J.336 1.S69.930 29
WOLVERHAMPTON VOLUNTARY SECTOR COUNCIL Notes forniing part of the financial ststements lorthe year Note: Reserves and Reconciliation of Movements in funds- Transfer5 between funds: In 2021>21 there were was transfers of funds belween unrestricted and restricted funds. Core transferred reserves of £15,198 to Infrastructure SupFX)rt This reflects the Board's deasion to support the capacity building service wtth org2nisational reserves. up to an annually agreed value. In addition within unrestricted fiJnds there w85 a transferfrom general reserves to the designated funds for operational liabilits.es of £16,442. This is as a result of in¢ased liabilities included in the dosure costs designated reserve. PUrPce of Funds The infomiation provided bdow is a brief gjmmary on each fund and how the funded activities contribute to WVSC ams and ot¥ectives. UNRESTRICTED FUNDS General Unrestricted Fund". This is used lo fund some core activities that are not fully funded through our infrastructure support contract vthh CWC- this incudes p2rtnefship working across the sector and with ststutory sector. some capaaty building and advocacy within the sectorwhich isn't fvnded Ihrough Ihe WCC grant. payroll, newsletter. websrte. and general infrastructure support services. All the above are also provided to projectslrestricted fuTrJ activities wthin WVSC. It is also held to enable activities lo continue for a period of time in the event of sudden loss of funding. in line with the Trustees. reserves policy. Movement on the level of these reserves is dependent on WVSC'S ability to recover its core operats'ng costs from suppjrt cost charges lo projects together viith earned income. bank interest and any shortfalls on restricted fvnds. In the year under report this fijnd showed a net increase of £5.108, bolslered by the writing off ofa one-off adjustment relating to a change in government advice regarding the VAT status of Link from 6 years ago, a prtrcursor to Healthvftlch. Designated Funds." The balan in designated funds is £163.343. This represents £1.330 for improving safety wrthin the organisats.on for staff and visitors, and £162,013 for operational liabilitiesldosure costs. The increase of £16.442 transferr&J from general unrestricted funds is in order to cover increased redundancy liabilities. Flease see reference to reser¥es policy in the TAR. For the year ended 31 March 2021 eamed income totalleJJ £44,679 {£51,402 in 20191201- bolstered by the one-off adjustment. The comkn.nats.c of support costs recovered through the agreed charges to projects, earned income and required movements to other funds meant unresIried reserves including designated funds increased by £21.550 to £551.455. Wthin that there was a transfer of £16.442 into fijnds designated for dosure costs to reflect increases in lease and redundancy liats'lities. Current unrestricted reserves Iherefore cover Closu costs and approximately 3 months ¢ontinuation costs, compared to the 6 months target set out by the resenies policy. RESTRICTED FUNDS Restricted funds represefrt fvnding received for speryfic projects and activities in support of WSC'S overall ot4'ectives
WOLVERHAMPTON vOLuARy SECTOR COUNCIL Notes forming part of the fina131 statements for the year Engagement & Partnershipncs: Funded through the newly emerged Integrated Care System thts work is overs*n by WSC on behalf of the four Black Country CVS organisab'ons. We employ a worker who delivers this work that commenced in 2020121. The reserve of £4,056 is an operational saving and will be used in delivery during 2021122. Faith Engagement: Funding from Cty of Wolverhampton Council lo develop stronger links with Fath Organisations, focusing on raising awareness of safeguarding. This work inib'ally straddled 2018119 and 201912020 but was extended into 2021f22. During Ihat time we reached out faith organisations across the Cty and have worked with many of them to improve their practices in areas such as safeguarding and provided infomiation and support to help them in their roles. The outstandin9 balance of£2.848 (along with a small amount fr¢yn unreslncted reserves) will be utilised during 2021122 as the project doses down. Girls Allowed: This project was funded from the Tampon Tax Fund through a partnership behveen HM Government and Comic Relief until August 2021 and was extended through additional funds from Comic Relief to the end of Dmber 2021. The woject is working to support girls at risk of being drawn into gangs. WVSC is the accountable body with the bulk of the activity and funding being subcontracted to VCS partners. The carried forward balance of £34.156 will be utilised in project delivery until December 2021. Infrastructure Support= This seNtce Pfowdes a wide range of support to local VCOS induding in the areas of funding, governance, safeguarding. policies. GDPR. infornat.on etc. This also incorporates the forrner YOW support workef focused on organisations working with Children and Young People and with 8 signthcant role in safeguarding within the City, particularfy supporkn.ng CWC colleagues and the role of the CEO in strategic work with partners. induding CWC. During the year we supported many hundreds of organisations and attended dozens of strategic forums across a very wide range of issues. These activities receive a £1 OOK pa contract from City of Wolverhampton Council although this has not covered the full cnst of the ser for several years. In this year the board agreed to subsidise this wotl( from unrestricted fiJnds to the amount of £15,198. The reserve of £22,033 15 held for partnership working wrth CWC and training in the sector, including on the development of Wolverhampton for Everyone and the compacL There is also a pension liabilty in this area. Aside from these liabllrtS remaining funds will be spent on partnership working, specifically focusing on Wolverhampton for Everye, an energing MNSC supp)rted movement in the Cty. Lrfe Chances". A grant of£30K was secured in orderto develop a business case for a social inveslment model to deliver intervention to reduce demand on hosptlal seNices. The intlial wort( was completed and reported on but unfortunately the business case was not progressed by the fvnder. The balance relates to funding allocated lo the CCG, the Vrk was carried out but the funding not required. In light of this the remaining balance of £11.868 V11 be used to ddiver work aimed al reducing demand on hospital services when. as antr"cipated. OPFrf)rtunrtTres arise. Mental Health Empowernient Project (MHE).. This project was funded through a contract with CWC for several years but the funding was withdrawn in 2017118. Some further funding was made available by the CCG for speofic pieces ofwork in the yearto March 2020. Reserves currendy stand ai £66,980. There is a pension liabilty Trmlhin this project and some reserves are being used to coverthe associated costs moving foard. Remaining fvnds VAII be available to support peer led MH groups in the years ahead. One City Fund: This fund relates to four connected fundraising campaigns carried out in conjunction with the Cty of Wolverhampton Council as part of the citys resF)onse to the pandemic, as descri in the "Fundraising" section of the Trustees, Annual Report section of this document. Followin9 31
WOLVERHAMPTON VOLUNTARY SECTOR COUNCIL Notes formlng part of the financial ststernents for the year distributions of grants on the basis of named organisations and grant appli¢ats'ons there are balances totalling £4.780 which will be distritmjted in line the stated aims of each campaTrgn round during 2021122. the breakdovm by campaign as follows. Round 1- Severe Finanaal Hardship Round 2- Feeding Our Cty Round 3- No Place Like Home RourKI 4- Stay Connected £ 428 £ 500 £3,812 Public Health Transfomiation: A joint 2 year project Ihe Cty Counal funded through Public Health over 2014-16 and aimed at developing greater co-ordination of activity acros5 the Health and Social Care Landscape. A lack of engagement at a strategic level caused the project to stall and that has meant that not all funds have been utilised. The grant was wovided by Wolverhampton Public Health. a body that no longer exists. In light of this the remaining unspent fijnds of £9,843 will continue to be made available to support the developing social prescrit4.ng service which has similar aims to this fund. this wll indude purchasing IT equipment for people who are isolated and alone so that. with training. they can increase their use of technology. SeNice User Invofvement Project (SUIT): Through a suwntract with NACRO this project vrkS alongside users and ex-users of drug treatrnent serVIS to SUPKX)rt them in influencing the design and delivery of drug treatrnent services and proNrydes direct support lo service users using a mc#Jel based on abstinence based recovery. During the year. partly as a SuIt of Covid restrictions. a surplus of £15.252 was generated leaving a balance of £23,954 which will be spent in line with the service aims. Social Prescribing: The project works vth 'palients" to identrfy allemative approaches to tackling issues such as low level depression, isolation and frequent GP contact that can better be tackled by diversion to activits'es wthin the VCS such as wellbeing sonS, group activities. exercise etc.. rather than by medical interventions. During the year the project supported in the region of 1500 customers facing loneliness, isolabm and mental ill health. Under the year under reFrt)rt the project was fijnded through a cornbination of PCN INettvort(s of GPS). the CCG and the DOH. An in-year surplus of£5.588 occurred as a result of operational savings of £22.115 which Vre partly offset by a decision to provide additional funding to the SP Covid Relief fund in order to continue digital support to customers beyond the inthal ts'me sc21e. The remaining surplus of £85.533 will be spent in delivering the seNi¢e and filling gaps in prescripts'ons in the years ahead. 8uilding Connections.. Jointly funded by the National Lottery Communilies Fund and Central Govemment this grant as utilised in the year to help tackle loneliness. The funding period was extended to July 2021 and the balan of £12.731 wll be spent during that extension. WVSC is the accountable body and the bjlk of activbties are delivered by VCS organisations. This is another example of WVSC supporting ullaborative working through crtIa. The work is managed via the Social Prescrib'ng project and helps it lo deliver tts aims. Talent Matchn4LCF.' The project is Black County wde and follovding a Ihree year extension from the National Lottery Community Fund (NLCF) has been operating for seven years. Its key focus is on mentoring those young peopte who are furthest from the workplace induding young offenders, many of whom are referred from prison., providing a range of support lailored to the young person's needs., SC employ the Talent Match core staff team but the bulk of the resources are spent with partners who run Talent Match hubs, host stsff and provide other funded interventions through a preferred supplier network. Key to the project is that young people are central to all decision making. We have eeded to balance expendilure between NLCF and ESF "match. over the three year extension. We have decided not to continue as part of an ESF (IMPACT) extension as a result of conflicting priorities 32
WOLVERHAMPTON VOLUNTARY SECTOR COUNCIL Notes forming part of the financial ststernents for the year across the hvo programmes and therefore EF fijnding for delivery will come to an end on 30K1612021. NLCF have allowed us to cary fvnding foThRrd for use in fijture years and the year*nd balance of £662,884 will therefore be used to in delivering the final nine months of the prqect. ending 3110312022. Talent Matchl IMPACT- Talent Match is also part of IMPACT. an ESFIYEI fvnded project delivered in partnership with the four Black Country Local Authonties. Currendy fvnded unt'l June 2021 this project provides the match funding that had been required for the continuation of the core Talent Match Project. It also allows us to work with some non- offenders over the woject lifetime. Talent Match- PCC.. During 2019120 funding was Secu fr(Mn the Police and Crime Commissioner, for one year, allowing us to emF4oy additional mentors across the prqect and supporting ¢100 young people. The remaining balance of £4.964 is being used in supporting these young people during the early part of 2021122. Third Sector Consortium: Funded by the CCG this vrk invofves a small consortium of three organisations supported by WVSC. which is the accountable body, working together lo distributed and support effective messaging about health arwj social care provision. redu admisg¢)ns to A and E and to improve levels of re-ablement among elderly ople leaving hospital. Targets in all these areas were met to the funderfs satisfaction and funding has been extended for a fijrther year12021122). The balance of £5,798 is as a result of a small underspend on monitoring and it is anticipated that all underspends will be spent in project delivery in the years ahead. Third Sector Partnership.. This funding has been used to support the smooth running of the third sector partnership, including funds for administration, room hi and refreshments. The pathership provides a forum for the wder VCS and in the year under report has temporarity morphed in to a range of on-line support sessions or-gatherings.. No SFecJfic funds have ken allocated to this work although it does fomi part of our contractual agreement for providing infrastrudure support. The balance of £12 is Ihe residue from frJnding pKeviously made available specffically for the TSP and will used to support ongoing delivery. Volunteers - BBO Bridges: Part of our offer to Volunteers. Ihis Pfoiect works with those furthest from the Workplace who want to use volunteerirvJ, alongside other suppo¢ to obtain employment. In the year the project worked intensdy with c50 customers moving many of them on into fijrther training and employment. As a resutt of good delivery we have been offered extensions on tsmo occasions and now have funding confimed until April 2023. Payments are made against profile and the resulbro balance of £1,934 will be used in the delNery of the seNice during 2021122. Wolverhampton Volunteers.. The project forrrks the basis of our volunteering offer and is outlined in the Trustees Annual Report under °Volunteers-. The project works wtth some 350 organisations, providing volunleers and support. The balance of £7.246 wll used in future delivery. Space to Connect: This funding was secured by colleagues in the volunteer centre in 2019120 and has been fully SFtnL Funds were used to estsblish the availability and need for communrty spaces where people, groups and organisations can meet. The ynall overspend of £9 has been covered by the Volunteer Centre reserve. Wlnter Pressures Fund: Allocated via the CCG for use over 2019120 and 2020121 the fvnds are to be used in developing stronger links betr acute Mentsl Health se1 and our Social Prescribing project, with any unused funds to be used in developing befriendirMJ services in the City. The onset of COVID 19 led to a delay in carying out this Vrk and so the fvnds of £22.000 will be carried forward to deliver in 2021122 and 2022123. 33
WOLVERHAMPTON VOLUNTARY SECTOR COUNCIL Notes forming part of the finala1 statements forthe year WE Spaces to Connect: Funding from the CO-OP to increase opportunities for people to engage with each other. The balance of £9.334 will be spent on this acts as part ofwolverhampton for Everyone during 2021122. Wolverhampton for Everyone IWE): A °movemenf being championed by WSC and other partners, with the aim of involving increasing numbers of citizens in a"people powered. Thty where they have full ownership of "place". The reserve of £15.197 will be used in 2021122 to conkn.nue the work while we seek more pemianent fijnding. WE The 'F' Words: Funding from Creative Black County in order to deliver arts based activrties through Wolverhampton for Everyone. The balan of £6.5LJJ Vlill be spent in line wtth the project aims during 2021122. Orange Wolverhampton: This is a campaign lo raise awareness of violence inflicted on Women and Girls. The balance of £881 relates lo unspent funds raised and reported on in 2019120 and wll be utilised in publicising fvture Orange campaigns. YOW- Children's, workforce: This fund is restrided for use in training the chIldr's, worlrforce in the City. One training ¢ryJrse has been delivered this year and the balance of £2.983 Vdill be used in this way in the years ahead. 16 Infomialion regarding the members of the Board of Trustees The names of persons are members of the Board are given in the Report of the Board of Trustees. Remuneration.. Under the terms ofthe Memorandum of Association. neither member ofthe Board nor any connected person shall receive any remuneration from WSC. Board members are offered reimbursement far travel expenses. The amounts involved are negligible.
WOLVERHAMPTON VOLUNTARY SECTOR COUNCIL Notes forming part of the financial ststements for the year 17 Particulars of Employees The average monthty headcount was 48 {45 in 2020). The average number of full time equivalent persMs emr4oyed by WVSC during the year was". 2021 2020 General actimties 42.6 The aggregate payrdl costs ofthese OnS was as k4kAs: 2021 2020 Wages and salaries Social security ¢ost$ Other Fension ¢o$ts Redundancy costs 1,226,378 98,248 79.144 1.101.138 87,382 1.404,458 1,273,lJ68 2021 2020 Key management remwration 125.4C 122.082 No employees eamed beneffts (excludirwJ emF4oyer persion costs) of more than £60.000 durirvj the year. 18 Pensions Some of Ihe employees of the charity are members of the West Midlands Metropolitsn Authortties Pension Fund, which is a mulb'•employer scheme. The Fund is financed by contributr.ons paid by both employees and the chanty. and by eamings received on investments. The scheme is a Defined Benefits Scherne. It has en closed to new members. Contributions to the Scherne from the ernployees are payable at a variaEle rate acrdIng lo graded rates of pension8ble pay. The employer contribution rate rose in 2020121 in response to the Actuarsal Valuation for the scheme, from 23.3 /0 to 24.2%. set for the three financial years until March 2023. Also. the charity is required lo make additional Past Se1 Lump Sum contributions towards meeting the shortfall in the scheme. WVSC share teing calculated at the latesl Actuarial revaluation {2019) as £77k. The amount payable for 2020121 - 2022123 was £11.736. of this £3.773 represents'ng the 2020121 share is recognised in these accounts. 11 is assumed that the Administering Authority VAII continue to invest a significant proportion of the assets ofthe Fund in UK and overseas equities, and that these V41 produce a future investment retum that eXedS the current yield availat4e on bonds. A stakeholder scheme was established in January 2016 and is offered to all employees who are not members of the West Midland Pen&on Scheme. subject lo pension guidance in terms of eligibility. 35
WOLVERHAMPTON VOLUNTARY SECTOR COUNCIL t4otes forrning part of the financial staternents for the year 19 Taxation IMISC is not liable to tax on any of tts income because of its charitable status. 20 Operating Lease Commilments At 31 March 2021 WVSC had minimum commitrnents under non-cancellable operating leases as follows. 2021 Land and Buildings 2020 Land and Buildings Other ¢)ther Falling due". Within one year In one to two years In two to yea After 5 years 25.000 3,549 2.610 3.287 25.000 3,510 1.216 25,000 25,OCKI 7,722 A e1ve rnorrth commitinent is disclosed in respect of land and buildings as WVSC has an option lo terminate this on giving one yearfs notice. The landlord can tenninate the lease in the event of default by WVSC. 21 Related Party Transactions Steve Clay is the CEO of YMCA Black County. and a director of V4VSC. WVSC purchas&J services totalling £5.392 from YMCA as part of Talent Match through ESF compliant procureThEnt arrangements. there was no balan¢e obmng betsveen WVSC and YMCA at 31 March 2021. Pamela Cole-H¢Jdson is the CEO of Gazebo Theatre in Education Company, and is a director of WVSC. Gazebo is a funded partner in the Talent Match ack Country and in 2020-21 was funded £295.972 through this partnership agreement In addition services totalling £5.800 were purchased from Gazebo as part ofTalent Match during the year. Gazeljo also received a grant payment of£2,397 through the One Cty Fund, a fundraising campaign in response to the pandemic run in conjunction with City of Wolverhampton Council. As at 31 March 2021 Gazebo Theatre in Education Company held a net balance of £23,349 of Talent Match hub fijnds. in line Vth the pather funding agreements, which will ultimately be repaid to WVSC. In addl"On WVSC OW Gazebo £2.500 for other services. The net balan therefore is £20.849 of fvnds held by Gazebo. Mrke Hasts'ngs. while not difedy involved in c¢xnmissioning activty. was the Director of Operations al Wolverhampton CCG and a director of WVSC. The CCG provide funding to Sc for a number of projects. During 2020-21 the CCG provided fijnding totalling £675.745. ofwhich the CCG ow&J WVSC £43,804 as * 31 March 2021. lan Darch, CEO of WVSC. is a director of Black Country Together CIC, a company limited by guarantee. lan also sits on the Healthier Futures Partnership Board (the Black Country and West Birmingham Irblegrated Care System) which awarded fijnds to BCT CIC. the majority of which was passported to WSC to employ a member of stsff Io Wofk across the Black Country. WVSC was due funding of £42,624 as at 31 March 2021 relating lo this and to lan's work as a lead director of BCT cic. 36