Annual Report and Financial Statements - VSO

This is the Annual Report and FinancialStatements 2012/13 of Voluntary ServiceOverseas, a company limited by guaranteewith registered company number 703509and registered charity number 313757.Throughout this Annual Report, VoluntaryService Overseas is referred to as ‘VSO’.ContentsVSO at a glance 2Chair and Chief Executive’s introduction: VSO is changing 4A review of the finances 6About VSO: People First 8Activities, achievements and performance 10Highlights of the year 10Education 12Health 14HIV and AIDS 16Secure livelihoods 18Participation and governance 20Disability 22Youth and youth programmes 24UK activities 26Supporting our programmes 28Report against corporate objectives 28Fundraising 30Accountability 31Future plans 32Structure, governance, management and risk management 34Financial review 40Income 40Expenditure 41Funds held 42Reserves policy 42Investment policy 42Statement of trustees’ responsibilities 43Independent auditor’s report 44Consolidated statement of financial activitiesfor the year ended 31 March 2013 46Balance sheet as at 31 March 2013 47Consolidated cash flow statementfor the year ended 31 March 2013 48Notes forming part of the financial statementsfor the year ended 31 March 2013 49Reference and administrative details 66Thank you 68Bring VSO’s work to life:1. Download the free Layar app fromwww.layar.com/download2. Look for pages with the icon3. Open the Layar app, scan the pageand see VSO’s work brought to life.©VSO/Simon RawlesIn our efforts to maintain and improve our accountability to stakeholders, we have taken steps in 2012/13 toincrease the data quality relating to the depth and breadth of our work. We have improved processes aroundeliminating data that cannot be verified, and removing any double counting in reporting the number of people wereach. This is an ongoing process and we will work to keep improving data integrity when reporting on our work.Cover image: Nimay Halder and Tripti Rani Nana,youth volunteers, assisting local farmer Bibek toadapt to climate change in Bangladesh.©VSO/Simon Rawles2 Annual Report & Financial Statements 2013Annual Report and Financial Statements 2013 1