Annual Report and Financial Statements - VSO

Consolidated statementof financial activitiesfor the year ended31 March 2013Balance sheetas at 31 March 2013Income and Expenditure Note Unrestrictedfunds£’000Incoming resourcesIncoming resources from generated funds:Voluntary income 2Restrictedfunds£’000Strategic grant from Departmentfor International Development (DFID) 26,000 - 26,000 30,000Contributions from governmental bodies 7,399 9,330 16,729 11,965Other grants and donations 5,516 7,613 13,129 13,238Activities for generating funds 2Community projects, events and volunteer fundraising 500 599 1,099 694Income from lettings 4 - 4 -Investment income 119 - 119 84Total incoming resources 39,538 17,542 57,080 55,981Resources expendedCost of generating funds 7,182 - 7,182 4,542Charitable activities 3Education 8,539 4,721 13,260 11,288Health 4,489 3,204 7,693 5,912HIV and AIDS 2,389 3,296 5,685 8,091Secure livelihoods 7,092 3,420 10,512 10,021Participation and governance 3,617 1,087 4,704 5,806Disability 1,972 791 2,763 3,489Payments to ICS consortium partners 4,705 1,295 6,000 3,533Governance costs 4 1,620 - 1,620 1,639Total resources expended 41,605 17,814 59,419 54,321Net incoming/(outgoing) resources 5 (2,067) (272) (2,339) 1,660Gain on investment assets 9 5 - 5 8Net movement in funds (2,062) (272) (2,334) 1,668Total funds brought forward 10,837 6,172 17,009 15,341Total2013£’000Total2012£’000Fixed assetsNoteGroup2013£’000Group2012£’000Charity2013£’000Charity2012£’000Tangible assets 8 682 450 682 450Investments 9 - 1,398 132 1,398Current assets682 1,848 814 1,848Debtors 10 10,222 5,020 10,527 5,595Short-term deposits 4,537 7,279 4,537 6,664Cash at bank and in hand:in the United Kingdom 10,268 4,749 9,956 4,749overseas 1,438 1,213 1,307 1,21326,465 18,261 26,327 18,221Creditors: amounts falling due within one year 11 (4,967) (2,521) (4,961) (2,481)Net current assets 21,498 15,740 21,366 15,740Total assets less current liabilities 22,180 17,588 22,180 17,588Creditors: amounts falling due after one year 12 (7,505) (579) (7,505) (579)Net assets 14,675 17,009 14,675 17,009Restricted funds:Income funds 13,15 5,900 6,172 5,900 6,172Unrestricted funds:Designated fundsFixed asset funds 14,15 682 450 682 450ICS fund 14,15 67 - 67 -General fund 15 8,026 10,387 8,026 10,387The notes on pages 49 to 65 form part of these financial statements.The financial statements were approved by the Board of Trustees and authorised for issue on 12th July 2013.14,675 17,009 14,675 17,009Total funds carried forward 8,775 5,900 14,675 17,009All amounts relate to continuing activities.The notes on pages 49 to 65 form part of these financial statements.John Bason, Honorary Treasurer46 Annual Report and Financial Statements 2013Annual Report and Financial Statements 2013 47