Company registration number.. 02476916 Charity registration number.. 1001907 Camden Volunteer Bureau {A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 March 2025 Field Sullivan Limlted 9 Hare & Billet Road Blackheath SE3 ORB
Camden Volunteer Bureau Contents Reference and Administrative Detsils Trustees, Report 2to7 Independent Examiner's Report 8t09 Statement of Financial Activities io Balance Sheet li Notes to the Financial Statements 12to22
Camden Volunteer Bureau Reference and Administrative Details Trustees Saif Ahamed Joshua Berelowitt Catherine Gibbins Andrew Hoenich Julia Ly Dominic Pinkney Secretary Charity Reglstrailon Number 1001907 Company Re8lStration Number 02476916 The charity is incorporated in En8land and Wales. 17 Busby Place London NW5 2SP Registered Office Independent Examlner Field Sullivan Limited 9 Hare & Billet Road Blackheath SE3 ORB Page I
Camden Volunteer Bureau Trustees, Report The trustees, who are directors for the purposes of company law, present the annual report together wlth the financial statements of the charitable company for the year ended 31 March 2025. STRUCTURE, GOVERNANCE AND MANAGEMENT Constltutlon The Charity is an organisation registered as a charitable company. limited by guarantee, and was set up by a Memorandum ofAssociation. The Charity is constituted under a Memorandum of Association and is a registered charity, number 1001907. Method of appolntment or eledion of Trustees New trustees are appointed onto the board once the skills and experience that they will bring Is deemed appropriate by the existing Trustees, and are given adequate information to enable them to famillarise themselves with the affairs of the Charity. Rlsk Management The Trustees have assessed the rnajor risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks. Financial Responsibility The Trustees have overall responsibility for ensuring that the Charity has an appropriate system of controls, financSal and otherwise. They are also responsible for keeping proper accountin8 records which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the aet$ of the Charity and hen for takins reasonable steps for the detection and prevention of fraud and other irregularities. Going Concern Following appropriate evaluation, the trustees have a reasonable expectation that the company has adequate resources to continue in operatlonal existence for the foreseeable future. For this reason, they continue to adopt the goin8 concern basis in preparing the financial statements. Further details re83rding the adoption of the going concern basis can be found in the accounting policies. Revlew of the year Incoming resources increased from £181.133 in the previous year to £260,736, while costs in¢rea5ed from £203,145 to £248,696. The net increase in funds was £12,040, comprising a £12,280 rise in unrestricted fund5 and a £240 reductlon in restricted funds. 08JEcnvES AND ACTIVITIES Pollcles and objectlves In setting objectives and planning for activities. the Trustees have given due ¢onslderation to general guidance published by the charity commission relating to public benefit. Page 2
Camden Volunteer Bureau Trustees, Report The objects of Volunteer Centre Camden are: To offer a brokerage service that empowers people who are looking to volunteer to find a role that interests them. and to help promote organisation5' volunteering opportunities. To excite and inform people In Camden about the potential of volunteerin8 to benefit both themselves and thelr communities. To promote the development of 8ood practice in relation to the involvement of volunteers among volunteer-involvin8 organisations. To create new volunteering opportunities in Camden. To comment and campaign on national and local issues that affeet volunteering or volunteers. To tske an active role in the strategic development of volunteering. Our Vlslon A society where volunteering is a core part of living, workin& and playing in Camden. Our Misslon Our mission is to make volunteerin8 in Camden as simple. rewardin8, accesslble, and impactful as possible. Our Princlples We sUPPOrt and encourage volunteering and work with organi5ations in and around the Borou8h of Camden to develop volunteering opportunities and ensure high standards in volunteer management. The Volunteercentre will always be: An Open and Inclusive Organisation Collaborative to the core Person centred in everything it does A great place to work and volunteer The Volunteer Centre will work tirelessly in Camden to: Recognise, celebrate and value all volunteers Promote and Champion volunteering Be a trusted partner of all local or8anisations Build a stronger, resilient & cohesive community through volunteering VCC Volunteers Involvement of volunteers at the or8anisation makes a significant financial contribution. Our volunteer team includes individuals that provide administrative support,. team members that offer their professional skills. such as finance and statistical analysis; and skilled matchmakers who help pair eager potential volunteers to vacant roles, and ensure that our database of volunteering opportunities remains up to date. Page 3
Carnden Volunteer Bureau Trustees, Report ACHIEVEMENTS AND PERFORMANCE NHS NCL Volunteerlng PWS VCC set up and let a partnership of volunteering infrastructure speclalists across the 5 North Central London boroughs to help the NHS, throuBh lead organisation North London Partners in Health & Care INLPI, to Strategically develop health volunteering to meet its prlorities. Our partners in the NCL Volunteering PLUS programme are Community Barnet. Voluntary Action Islington. Bridge Renewal Trust and Enfield Voluntary Action. Together we set up a NCL Volunteering Network of stakeholders from NHS or8anisatlons, voluntary and community sector or8anisations, Lay members and volunteers. This project came to a finish at the end of August 2025, but we are pleased that its work continues with the Volunteering for Health programme. Volunteering for Health In July 2024 VCC began work on this new 3 year programme acting as the operatlonal delivery lead to continue the work started by the NCL Volunteering PLUS programme (outlined above). We added two new partners into the programme, Volunteering Barnet (Groundwork London) and Haringey Community Collaborative (Publlc Volcel. with London Plus acting as the grantee for the programme funded by CW+, NHS England and NHS Charities Together. The first year of this programme was spent plannin8 delivery, examining partnership governance and engaging with NHS and wider stakeholders. The North Central London Integrated Care Board are a key partner who supported us through the application and now in delivery. Volunteer Fairs We continued to offer our highly successful volunteer fairs both online and in-person which has proved effective. These Fairs are delivered in close partnership with Voluntary Action Islin8toD. From our evaluation analysis we know these proved popular with both volunteer involving organisations and local residents who were able to connect and begin volunteering roles. Marketing volunteer roles Using our dedicated online volunteer brokerage system, Simply Connect. we help volunteers and volunteer involving organisations match together for more efficiently and effectively. This platform has a useful 'reverse brokera8e' function, enablin8 Camden VCS or8anisations to be pro-active and search the system for suitable volunteers rather than just waitin8 for potential volunteers to contact them. Our web51te has helped more volunteers find more opportunities, and our utilisation of social media to promote volunteering opportunities has grown significantly. In addition, we promoted volunteering roles and initiatives throu8h our highly-effective social media channels. Twitter proved particularly effective where Volunteer Centre Camden has the highest number of followers and en8a8ement of all Volunteer Centres in London. Volunteer Management Best Prartlce We continued to offer our chargeable volunteer management best prartice service which offers a range of activities to support VCS organisations to better involve volunteer5. These artivities include: Volunteer Manager Forums Volunteer Management 8est Practice Workshops Pa8e 4
Camden Volunteer Bureau Trustees, Report Volunteer Manager Café sessions Bespoke consultancy Best Practice Health Check Service Team UP Employee Volunteerlng Service This is a 100% self-sustained, not-for-profit, pro8ramme supporting businesses to support the community through volunteering. 2024-25 saw Team UP deliver its highest level of employee volunteering projects and expand the number of business clients it worked with. We also advised several businesses to either set up or further develop their employee volunteer programmes. Partnership workin8 and collaboration VCC is committed to working in partnership and collaboration with organisations and companies for the benefit of Camden residents. VCC continues to be an artive Collaborator in the Camden Infrastructure Alliance {CIAI which sees it work close with VoluntsryAction Camden, Young Camden Foundation and the C4 Camden Community Centre Consortium to provide infrastructure support to the voluntary and community sector in Camden. VCC works closely with its 'sisterf organisation, Hammersmith and Fulham Volunteer Centre to deliver successful projects and with a shared CEO and Finance Manager as well as collaboration on volunteer infrastructure and employer supported volunteerin8. We regularly deliver Volunteer Fairs in partnership with Voluntsry Artion Islington. We work in collaborative partnership with Camden Council to strategically develop volunteerin8 across the borou8h and work together to promote volunteering including campaigns such as Volunteers. Week and Trustees, Week. Acknowledgements Volunteer Centre Camden would not exist without the support of a lot of people and organisation5. Thank you to all volunteers who have helped us, we Could not do what we do without you. This includes the very dedicated Board ofTrustees who work closely with VCC staff and volunteers. We like to offer special thanks to Camden Council. in particular the Community Partnership Team. who not only continue to fund the work we do. but that we have a very positive working relationship with. Financial Review During the year the charity was in receipt of income of £260,736 and expendlture of £248,696 resultin8 in surplus of £12,280 for unrestricted funds and a deficit of £240 for restricted funds. More details are provided in the financial statements. The charity had unrestricted reserye5 of -£6,369 at the end of year, and restricted reserves of £2,785. The Trustees have tried to maintain a policy whereby the unrestricted funds not committed (the "free reseNes"I held by the company should be approximately 25% of the annual costs, which equates to approximately £62,174. The level of free reserves at 31st March 2025 is -£6,369. The organisation is implementing plans to increase the levels of free reserve5 for 2025-26. P38e 5
Camden Volunteer Bureau Trustees. Report Volunteer Centre Camden Strate81¢ Goals/ObJectives l. Recognised ond understood os the leaderof volunteerlno ond communityportklpotion in Camden lal Raise awareness of who and what we are amon8St more people and organisations across the borough who are involved in volunteerin8 Ibl Understsnding what is needed to Increase quality and quality of volunteering Icl Reco8nised a5 a best practice model across London 2. 01ver5 ond increase volunteering support offered to people and oroonlsatlons across Comden lal Help VCS organisations to practically implement more flexible volunteer roles and informal recruitment, e.g. micro-volunteering, virtual volunteerin& one-off and ad hoc volunteerln& 'taster' sessions Ibl Increased collaboration with institutions, organisations and initiatives that will benefit from the involvement of volunteers Icl Increase 'participatlon' of local people giving their time informally to support their community, e.g. Camden Together initiative 3. Diversify ond Increose income streamsfvr VCC serylces lal Continue to grow Team UP Ibl Create new offers that are fresh and relevant to help residents and organisations to achieve their goals Icl Monetiselunlock financial value of these offers 4. Increase ourfinanciol reserves lal Use income to strengthen our organisational resilience Ibl Reinvest back into the communitv Icl Reinvest into VCC to further Its strategic goals and objectives Risk assessment The trustees artively review the major risks faced by the charity- The trustees have identified the major financial risks faced by the charity. They have also examined other operational and business risks faced and systems have been established to mitigate the significant risks. ststement of trustees, responslbllftles The trustees (who are also the directors of Camden Volunteer Bureau for the purposes of company lawl are responsible for preparing the trustees. report and the financial statements in accordance with applicable law and United Kin8dom Accounting Standards (United Kin8dom Generally Accepted Accountlng Prartice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies. Page 6
Camden Volunteer 8ureau Trustees, Report Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affair5 of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements. the trustees are required to= select 5Ultable accounting polioes and apply them consistently; observe the methods and principles in the Charities SORP: makejudBements and estimates thatare reasonable and prudent,. State whether applicable accounting stsndards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on the 80ing concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any tlme the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial infomiation included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Small companies provislon statement This report has been prepared in accordance with the small companies re8ime under the Companies Act 2006. The annual report was approved by the trustees of the charity on 18 December 2025 and 5i8ned on its behalf by.. SaifAhamed Trustee PaBe 7
Camden Volunteer Bureau Independent Examiner's Report to the trustees of Camden Volunteer Bureau ('the Company,) I report to the charity trustees Iwho are also Directors for the purpose of company lawl on my examination of the accounts of the Camden Volunteer Bureau I'the charitable compan¢) for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet and related notes, pages 10 to 22. This report 15 made solely to the charivs trustees, as 3 body* in accordance with section 145 of the Charities Act 2011. My work ha5 been undertaken so that I might State to the charitys trustees those matters l am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the chariws trustees as a body. for my work. for this report. or for the Opinions I have fvimed. Responslbilitles and basis of report As the charitys trustees of Camden Volunteer Bureau you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Art 20061'the 21J)6 ACVI. Having Satisfied myself that the accounts of Camden Volunteer Bureau are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity5 accounts as carried out under section 145 of the Charities Act 20111'the 2011 ACYI. In carryin8 out my examination I have foll¢)wed the Directions given by the Charity Commission under section 145151{bl of the 2011 Act. An independent examination does not involve gatherin8 all the evidence that would be required in an audSt and consequently does not cover all the matters that an auditor considers in 8ivin8 their opinion on the financial statements. The plannin8 and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently l express no opinion as to whether the financial statements present a 'true and fairf view and my report is limited to those specific matters set out in the independent examinerfs ststement. Independent examinerfs statement Since Camden Volunteer Bureau's gross income exceeded £250.000 your examiner must be a member of a body listed in section 145 of the 2011 Att. I confirm that l am qualified to undertake the examination because I am a member of ICAEW. which is one ofthe listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe.. l. accounting records were not kept in respert of Camden Volunteer Bureau a5 required by section 386 of the 2006 Act: or 2. the accounts do not accord with those records: or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examinatlOD: or 4. the accounts have not been prepared in accordance with the method5 and principles of the Ststement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their account5 in accordance with the Financial Reporting standard applicable in the UK and Republic of Ireland IFRS 1021. Page 8
Camden Volunteer Bureau Independent Examiner's Report to the trustees of Camden Volunteer Bureau ('the Company,) I have no concerns and have come acr055 no other matters in connettion with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Tim Sullivan ICAEW 9 Hare & Billet Road Blackheath SE3 ORB Page 9
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Camden Volunteer Bureau (Registration number: 02476916) Balance Sheet as at 31 March 2025 2025 2024 Note Current assets Debtors Cash at bank and in hand 14 18,148 54,975 6,458 44,460 15 73,123 50.918 Creditors: Amounts falllng due withln one year 16 176,7071 166,542} Net liabllltles 13,5841 115,624} Funds of the charlty: Restrirted income funds Restricted funds 2,785 3,025 Unrestrlcted income funds Unrestricted funds 16,3691 (18,649} Total funds 19 13,5841 {15,624} For the financial year ending 31 March 2025 the charSty was entitled to exemption from audit under section 477 of the Companies Art 2006 relating to small companies. Directors, responsibilities.. The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476. and The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These financial ststements have been prepared in accordance with the special provi5ion5 relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The financial statements on pages 10 to 22 were approved by the trustees. and authorised for issue on 18 December 2025 and signed on their behalf by.. Saif Ahamed Trustee The notes on pages 12 to 22 form an Integral part of these financial statements. Pa8e 11
Camden Volunteer Bureau Notes to the Financial Statements for the Year Ended 31 March 2025 I Charlty status The charity is limited by guarantee. incorporated in England and Wales. and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £10 toward5 the assets of the charity in the event of liquidation. The address of its reglstered office is: 17 Busby Place London NWS 2SP These financial statements were authorised for issue by the trustees on 18 December 2025. 2 Aetounting pollcies Summary of si8nifi¢ant accountifig pollcles and key accountlng estlmates The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless Otherwise stated. Ststement of eompllance The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Prarti¢e appllcable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffertive l January 20191- (Charities SORP IFRS 1021 Second edition Ortober 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. They also comply with the Companies Act 2006 and Charities Act 2011. Basis of preparatlon Camden Volunteer Bureau meets the definition of a public benefit entity under FRS 102. A55ets and liabilities are initially recognised at historScal cost or transaction value unless otherwise stated in the relevant accounting policy notes. Golng concern The financial statements have been prepared on a goin8 concern basis, which assumes that the charitsble company will be able to meet its debts as they fall due. However, at the end of the financial year the charitsble company has net liabilities of £3,58412024- £15,624>. As disclosed in the trustee's report the trustee5 believe it 15 appropriate to prepare the financial statements on a 80ing concern basis. Exemptlon from preparing a cash flow statement The charity Opted to early adopt Bulletin I published on 2 February 2016 and have therefore not included cash flow statement in these financial statements. Pa8e 12
Camden Volunteer Bureau Notes to the Financial Ststements for the Year Ended 31 March 2025 Judgements and key sources of estimatlon uncertainty In the application of the charitvs accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Attual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revision5 to accounting estimate5 are recognised in the periods in which the estimate is revised where revisions affects only that period, or in the period of the revision and future periods where the revisions affects both current and future periods. Income and endowments All income is reco8nised once the charFty has entitlement to the income, it 15 probable that the income will be received and the amount of the income receivable can be measured reliably. Grants receivable Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance condition5 are attached to the grant and are yet to be met. the Income is reco8nised as a liability and included on the balance sheet as deferred income to be released. Deftffed Income Deferred income represents amounts received for future periods and is released to Incoming resources In the period for which, It has been received. Such income is only deferred when: - The donor specifies that the 8rant or donation must only be used in future accounting periods; or - The donor has imposed conditions which must be met before the charity has unconditional entitlement. Investment income Interest income is recognised using the effective interest method eXpt where it relates to a transartion where payment is deferred beyond normal credit term5. Expenditure All expenditure is recognised onte there is a legal or constructive obligation to that expenditure. it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure headin8 that aggregate similar costs to that categijry. Where costs cannot be directly attributed to particular headings they have been allocated on 3 basis consistent with the use of resources. with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the 355et's use. Other support Costs are allocated based on the spread of staff costs. Charitable artlvhles Charitable expenditure cornprises those costs Incurred by the charity in the delivery of its activities and seNices for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Pa8e 13
Camden Volunteer Bureau Notes to the Flnancial Statements for the Year Ended 31 March 2025 Support COSts Support costs include central functions and have been allocated to artivity cost categories on a basis consistent with the use of resources, for example. allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. Governance Costs These include the costs attrlbutsble to the charity's compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetin8s and reimbursed expenses. Taxallon The charity is considered to pa55 the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition o* a charitable company for UK corporation tax purposes. Accordlngly, the charity is Potentially exempt from taxation in respert of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Galns Act 1992. to the extent that such income or gains are applied exclusively to charitable purposes. Trade debtors Trade debtors are amounts due from customers for merchandise sold or seNices performed in the ordinary course of business. Trade debtors are retognised initially at the transaction price. They are Subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtor5 is established when there is objective evidence that the charity wlll not be able to collect all amounts due according to the original terms of the receivables. Cash and cash equivalents Cash and cash equivalents comprise tash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Trade credltors Trade creditors are obli8ations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity doe5 not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reportin8 date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-turrent liabilities. Trade creditors are retognised initially at the transaction price and subsequently measured at amortised cost using the effertive interest method. Fund strurture Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objertives of the charity. Page 14
Camden Volunteer Bureau Notes to the Flnancial Statements for the Year Ended 31 March 2025 Restricted income funds are those donated for use in a particular area or for specific purpose5. the use of which is restricted to that area or purpose. Pen$lons and other post retlrement obllgatlons The charity operates a defined contribution pension scherne which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no le831 or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. Contributions to defined contribution plans are recognised in the Statement of Financial Artivities when thev are due. If contribution payments exceed the contributlon due for servi, the exce55 is cOgnised as a prepayment. 3 Income from donations and legacles UnrestrÉcted funds General Restrlrted funds Total 2025 Total 2024 Grants, includin8 Capital grants; Camden Trustees Network Camden Council Resilience Fund City Bridge Trust London Vision for Volunteering Volunteering for health 5,284 16,080 51,533 56,300 56,300 9,000 74,985 9,000 74,985 131,285 140,285 72,897 4 Income from charltable activities Unrestrlcted funds General Total 2025 Total 2024 Lead volunteering 65,000 65,000 60.000 5 Investment Income Unrestrlcted funds General Total 2025 Totsl 2024 Interest recelvable and Similar income; Interest receivable on bank deposits 1,196 1,196 770 Page 15
Camden Volunteer Bureau Notes to the Financial Statements for the Year Ended 31 March 2025 6 Other Income Unrestricted funds General Total 2025 Totsl 2024 Team UP Other 50,765 3,490 50,765 3,490 45.533 1,933 54,255 54,255 47.466 7 Expendlture on charitable artlvlties Total 2025 Total 2024 Note Volunteerin8 plus Volunteering for health Stsff costs 37.916 49,848 90,413 70,519 35.576 70,138 97,431 Support Costs 248,696 203,145 In addition to the expenditure analy5ed above, there are also support costs of £70,51912024 £97,431) which relate directly to charitsble activities. See note 8 for further details. Page 16
Camden Volunteer Bureau Notes to the Financial Staternents for the Year Ended 31 March 2025 8 Analysis of governance and support costs Support costs Total 2025 Total 2024 staff costs Wage5 and salaries social security costs Pension costs 1,540 17,535 2,179 5.114 92 Independent examiner fees Examination of the financial statements HFVC Partnership Computer software and maintenance Staff training Rent 2,250 31.200 4.900 31,2rxi 4,660 105 2.040 40 6,900 Events Insurance 1.263 21.042 48 1,248 19,561 72 Team Up Telephone and fax Printing, postage and stationery Photocopying Trade subscriptions Sundry expenses Travel and subsistence 64 32 498 642 255 1,621 224 260 73 Publicity Bookkeeping SeICe$ Payroll Recruitment 483 627 3,060 580 2,71XI 470 475 420 Bank charges 468 70,519 97,431 Page 17
Camden Volunteer Bureau Notes to the Flnancial Statements for the Year Ended 31 March 2025 9 Net Incomlngloutgoing resources Net incomin81{outgoingl resources for the year include- 2025 2024 Operatin8 lease rentals 2,040 6,9C 10 Trustees Temuneratlon and expenses No trustees. nor any persons connected with them. have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses or any other benefits from the charity during the year. li stsff costs The aggregate payroll costs were a5 follows: 2025 2024 staff tosts durln8 the year were: Wages and salaries Social security costs Pension costs 84,846 2,011 5,188 87,673 2,179 5,114 92,045 94,966 The monthly averaBe number of persons {including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows.. 202S No 2024 No Charitable activites Management and administration No employee received emoluments of more than £60,000 during the year. 12 Independent examlner's remuneration 2025 2024 Examination of the financial statements 2,250 2.000 Pa8e 18
Camden Volunteer Bureau Notes to the Flnancial Statements for the Year Ended 31 March 2025 13 Taxatlon The charity 15 a registered charity and is therefore exempt from taxation. 14 Debtor5 2025 2024 Trade debtors 6,100 3,036 7,912 I,ioo 5,167 191 Prepayments Accrued income Other debtors I,ioo 18,148 6,458 15 Cash and cash equivalents 2025 2024 Cash on hand 230 230 44,230 Cash at bank 54,745 54,975 44.460 16 Creditors: amounts falling due wlthln one year 2025 2024 Trade creditors 3,777 1,528 472 710 Other taxation and social security Other creditors 1,523 510 Accruals 42,075 28,855 39,088 24,711 Deferred income 76,707 66,542 2025 2024 Deferred income at l April 2024 Resources deferred in the period Amounts released from previous periods 24,711 28.855 124,711) 11,685 24,711 111,685) Deferred income at year end 28,855 24,711 Page 19
Camden Volunteer Bureau Notes to the Financlal Statements for the Year Ended 31 March 2025 17 Obligations under leases and hire purchase contracts Operating lease commitments Total future minlmum lease payments under non-cancellable operating leases are as follows.. 2025 2024 Other Within one year 524 18 Pension and other schemes Defined contribution pension scheme The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £5.18812024- £5.1141. Camden Volunteer Bureau participates in the 'Small Admitted Bodies, pool within the London Borough of Camden Pension Fund, which is a multi-employer defined benefit scheme. Camden Volunteer Bureau is one of nine employers that are part of the 'Small Admitted Bodies. pool within the scheme and is unable to identify its share of the underlying assets and liabilities in the scheme without an individual actuarial report. the expense of which the Trustees consider not to be worth its benefit. The charity is ne8Otiating an exit from the scheme and is awaiting formal agreement to this. At present, the total liability is expected to be approximately £70.000 and will be settled over a number of years, with a delayed start date. Page 20
Camden Volunteer Bureau Notes to the Financial Statements for the Year Ended 31 March 2025 19 Funds Balance at I April 2024 Incoming resource5 Resources expended Balance at 31 March 2025 Unrestricted funds 6enerol General Funds 118,649) 129,451 1117,171) 16,3691 Restrlcted funds LBC OMD London Plus NCL Volunteering Plus Camden Trustees Network Volunteering for Health 1240) 760 775 775 56,300 {56,300} 1,250 1,250 74.985 174,985} 3,025 131,285 1131,5251 2,785 Total funds 115,624) 260,736 1248,6961 13,5841 Balance at I Aprll 2023 IncominE resources ReurceS expended Balance at 31 March 2024 Unrestricted funds General General Funds 4,613 108.236 1131.4981 118,649) Restrlrted funds LBC OMD 1,000 775 London Plus NCL Volunteering Plus Camden Council Resilience Fund 775 51,533 16,080 5.284 151,5331 116,0801 14.0341 171.6471 Camden Trustee5 Network 1,250 1,775 72.897 3,025 Total funds 6.388 181,133 1203,1451 115,624} Page 21
Camden Volunteer Bureau Notes to the Financial Statements for the Year Ended 31 March 2025 The specific purposes for which the funds are to be applied are as follows: London Plus - Funding to support purchase of laptops NCL Volunteering Plus A partnership project to strategically develop health volunteerin8 in North Central London Volunteering for Health Continuing the work of the NCL Volunteering PLUS programme, VCC leads a partnership of volunteer infrastructure experts to strategically develop health volunteering in the five borou8hs of North Central London,. Camden, Islington. Enfield, Haringey and Barnet. Camden Trustee Network Working in partnership with Voluntary Action Camden we have established and now supporting a network of trustees within Camden, offerin8 peer support, sharing of tools and experiences as well as expert workshops. LBC OMD- This funding was granted to VCC to create and implement a newwebsite for the or8anisation. Camden Council Resilience Fund Funding from Camden Council to SUPPOrt the development and sustainability of its Team UP employee volunteering Service throu8h providing extra business development resources. 20 Analysis of net assets between funds Unrestrirted funds General Total funds at 31 March 2025 Restrlcted funds Current assets 70,338 (76,707) 2.785 73,123 (76,7071 Current liabilities Total net assets 16,3691 2.785 13,5841 Unrestricted funds General Totsl funds at 31 March 2024 Restricted funds Current assets 47,893 (66,5421 3,025 50.918 166,5421 Current liabilities Total net assets {18.6491 3,025 115,6241 21 Related party transactions There were no related party transactions in the year. Page 22