Company ￿giStratIon number.. 02982252
Charity registration number: 1045782
READING VOLUNTARY ACTION
TRUSTEES. REPORT AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Holy Brook Associates Ltd
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Reading Voluntary Action
Contents
Page
Reference and Administrative Details
Trustees, Report
Independent Examiner's Report
Statement of Financial Activities (including Income and Expenditure Account)
Comparative Statement of Financial Activities (including Income and Expenditure Account)
io
Balance Sheet
li
Notes to the Financial Statements
12-21
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Reading Voluntary Action
Reference and Administrative Details
For The Year Ended 31 March 2025
Trustees
Ms Julie Roberts
Ms Sarah Stevens Chair
Ms Gillian Thomas
Ms Simone Illger
Mr Stephen Leitch - Treasurer
Ms Kathryn Forster
Mr Peter Brierley
Chief Executive Officer
Mrs R L Spencer
Charity Number
1045782
Company Number
02982252
Principal Address
35-39 London Street
Reading
Berkshire
RGI 4PS
Registered Office
Risc
35-39 London Street
Reading
RGI 4PS
Independent Examiner
Rachel Eden FCMA
Holy Brook Associates Ltd
Curious Lounge
Reading
Berkshire
RGIINH
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Reading Voluntary Action
Company No. 02982252
Trustees. Report For The Year Ended 31 March 2025
The trustees present their report and the financial statements for the year ended 31 March 2025.
Objectives and Activities
Aims and Objectives
The trustees, who are directors for the purposes of company law. present the annual report together with the financial
statements and auditors, report of the charitable coinpany for the year ended 31 March 2025.
Charitable objects and aims
Reading Voluntary Artion exists to promote and sUPPOrt a diverse voluntary and community sector to flourish locally,
enhancing the quality of life for people living in Reading
Statement of Values
The way we work:
l. Empowerment- RVA recognises that empowering people leads to sustainable change for communities and individuals,
and we seek to work in ways that increase the capability of local organisations.
2. Inclusiveness - RVA embraces the diversity of the local community. We believe that all people have the right to be
heard in decision-making forums and to have equal access to the public services they need. We support organisations that
promote these rights.
3. Accountability - RVA supports organisations to manage their affairs in an open and transparent wayi and we seek to
manage our own activities and decision-making in ways that enable external scrutiny and accountability.
4. Independence - RVA is an independent organisation and we support organisations in their right to independence of
thought and action in pursuit of their aims.
RVA Charitable Aims
The Charity's object is to promote any charitable purpose for the benefit of the community within the area of benefit
without distinction of sex, sexual orientation, race or of political, religious or other opinions and in particular by-
The advancement of education
The protection of health and the relief of poverty. distress and sickness.
To provide or assist in the provision of facilities for recreation or other leisure time occupation in the interest of
social welfare with the object of improving the conditions of life for the said community.
The NAVCA (National Association of Voluntary and Community Associations)
Four Functions of Infrastructure
RVA is a member of NAVCA and our services align with the Infrastrurture model delivered by similar CVS {Council for
Voluntary Service) across the UK. Every place is different with a shared aim to support local charities, voluntsry groups and
volunteers to work together on what matters to them with a common goal of helping communities to thrive.
In February 2024 NAVCA published the Four Funttions of Infrastrutture providing a framework to illustrate the purpose and
ambition of our work..
l. Leadership and Advocacy
Mobilising and encouraging community action, strengthening our sectors voice and influence on key decision-makers and
funders.
2. Partnership and Collaboration
Creating opportunities and driving effective joint working by building networks of local organisations and strategic partners.
3. Capacity Building
Providing practical support and development for local people and organisations, to nurture skills and build community
resilience.
4. Volunteering Development
Building an environment in which volunteers and their communities thrive by encouraging and nurturing volunteering
opportunities.
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Reading Voluntary Action
Trustees. Report (continued)
For The Year Ended 31 March 2025
Significant Activities
An overview of our activities and achievements during the year.
l. Leadership and Advocacy
RVA held 18 VCS Forums across the year with a diversity of theme, providing opportunities for consultation, as well as
hearing from and speaking to policy makers and other stakeholders.
Reading VCS Leaders - open to anyone with a leadership role in a VCS oryanisation and providing a steering group for
representation and advocacy for the VCS in Reading.
Reading VCS Assemblies - whole VCS engagement events providing opportunities to hear from peers sharing best
practice and thought provoking speakers addressing some of the key issues and emerging needs for the VCS and wider
community.
Small Groups Forum - RVA introduced the small groups forums this year to provide opportunities for volunteer groups to
participate, share their experience and ensure their voice is heard.
Other RVA forums - RVA provides a number of other forum5. listed further below in this report. We take these
opportunities to update the VCS on opportunities to participate in sector advocacy activities.
Representstion on cross sector Boards and forums- RVA represented the VCS on 47 cross sector partnership and
Board meetings including- Health and Wellbeing Board, Reading Integration Board, Berkshire West Safeguarding Adults
Board, Reading Climate Change Board, One Reading Children & Young People Partnership, Mental Health Group, Suicide
Prevention Group. Voluntary Sertor Intelligence Network. Community Safety Partnership. Reading Prevent Partnership.
BOB VCSE Alliance - RVA is a member of the BOB VCSE Alliance steering group building partnerships with Berkshire,
Oxfordshire & Buckinghamshire Integrated Care Board.
Key outcomes for our leadership and advocacy work include:
The Reading Compact: Following an independent review of the working relationship between the Council and the
voluntary and community sertor. a new Compact document was a specific request from the sector. The Compart was co-
produced with the Council and the Reading VCS.
The aim of the Compact is to create and embed mechanisms that ensure our work to improve the lives of our residents and
communities is effectively joined up, that our complementary efforts are targeted where they can add most value and that
each partner supports the other as much as it can.
The State of the sertor Survey 2025.. RVA opened a state of the sector survey in 2024. 68 VCS organisations completed the
written survey and a further 23 participated in focus groups. The needs and issues identified have informed our own plans
for the future delivery of infrastructure support and that of funders and commissioners. RVA will revisit and publish the
findings every 2 years.
Safety and ￿fegua￿ling. RVA has given significant focus on safety and safeguarding following the publication in May
2024 of the Forbury Inquest Report into the deaths of Jarnes Furlong, Joseph Ritchie-Bennett and David Wails in Forbury
Gardens in June 2020. This has led to closer working between the VCS and Safeguarding teams and an increased
wareness of a cross sector Escalation Process to be used when safeguarding and safety concerns raised by the VCS, and
other sectors. are ignored or rejected.
2. Partnerships and collaborations
We continue to deliver a number of services and projects that enable the VCS to work with cross sector partners to improve
the lives of disadvantaged residents and in particular to overcome health inequalities.
Community Wellness Outreach
The Community Wellness Outreach (CWO) project in Reading is funded by the Integrated Care Board {ICB) to pilot outreach
ctivities which reduce health inequalities for our most vulnerable communities. The programme focuses on people who are
not accessing main stream services and are at risk of developing cardiovascular conditions.
The pilot is illustrating the vital role the VCS can play in enabling services to reach. engage and sUPPOrt people who may
not otherwise receive services. Core voluntary sector delivery partners include Reading Community Learning Centre,
Alliance for Community and Racial Equality. Whitley Community Development Association and The Forgotten Britlsh
Gurkhas.
The partners are running health and wellbeing outreach hubs in community settings across Reading, providing NHS Health
Checks and holistic support to enable people to take action to improve their health. RVA provides a co-ordinating role for
the community engagement and small grants for participating community groups. The priority residents for the programme
include: unpaid carers, people with disabilities, people from minority ethnic heritage. ex-military, previous offenders, people
experiencing financial difficulty or who are isolated.
Key CWO numbers for the year
320 outreach events
2,631 residents received an NHS Health Check and appropriate follow on 5UPPOrt
.CONTINUED
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Reading Voluntary Action
Trustees. Report (continued)
For The Year Ended 31 March 2025
Significant Activities - continued
2,145 of participants were within the priority groups
£60,000 distributed in small grants to community groups
Social Prescribing services and infrastructure support
The aim of the Social Prescribing service is to link people aged 16 and over to the activities and support offered by
Reading's voluntary and community groups, empowering people to improve their health and wellbeing.
RVA'S Social Prescribing team works within Primary Care Networks (PCNS) across Reading, taking referrals from GPS and
healthcare prartitioners, as well as Reading Borough Council Adult Social Care, Royal Berkshire Hospital Occupational
Therapists and Talking Therapies.
Key Social Prescribing numbers for the year.
773 ￿ferra1$ accepted and people supported with the main reasons for referral:
17.510h Loneliness and isolation
13.350/0 For support with mental health
10.240/0 Managing long term conditions
8.51Vo Struggling ffinancially
With 50¥0 of referrals for other reasons reflecting the complexity of people's lives.
Ready Friends Forum The Quarterly Befriending Forums attrdcted staff and volunteers from local VCOS as well as
RBC and NHS trusts, addressing subjects such as the Voice of the Volunteer, Loneliness and Mental Health, Using
Technology to Reduce Loneliness.
Social Prescribing Forum - SP Forums brought together Reading's Social Prescribers with allied 'connertor' roles
and showcasing local VC05 by focussing on themes such as mental health, co-production, outcomes & impact, life
skills and confidence-building.
Social Prescribing Community Wellbeing Training Programme delivered 18 sessions on 12 subjetts of interest
to frontline VCS staff and volunteers, including learning disability. neurodiversity. menopause, managing healthy
boundaries, time management and Mental Health First Aid.
RVA continues to showcase the work of the VCS through social prescribing and make the case for continued and further
investment.
Improving access to voluntary sector services
Access to hard copy information for the public and professiona15.' RVA'S extensive hard copy leaflet display Ic
560 unique leaflets) reduces digital exclusion for our wellbeing clients who are not online. RVA'S social prescribing
patients are supported by a comprehensive and equalities-driven information resource that is bespoke and sensitive
to their physical, learning, cultural and lifestyle needs.
The JOY Platform and Digital Market Place.. RVA has supported the development and rollout of the Joy case
management system used by social prescribers and PCNS. and the Joy Marketplace which aims to be Reading's key
health and wellbeing directory and referral tool for local people to access and engage with the local support services
they need.
RVA Get Online volunteer outreach programme: A partnership project coordinating volunteers to provide
informal support in community settings to enable people to get online. 87 sessions were delivered across the year
providing 1005 one to one support opportunities.
3. Capacity Building
The RVA Advice Service provides free of charge advice to local voluntary and community {VCS) sector groups under the
infrastructure function of 'Capacity Building,. Confidential advice is given in relation to the legalities and technicalities of
running a group, with experienced and legally qualified staff running the service. Advice is available in-person, via Zoom,
telephone or email.
The aim is to empower local groups to gain skills and knowledge to improve their effectiveness and sustainability, so that
the sector thrives and meets the needs of local residents.
We are grateful to The Earley Charity for their continued support for the RVA Advice Service enabling us to provide a holistic
and diverse offer for the benefit of the VCS and the residents they support.
The subject areas of advice given are broad and include:
Community buildings support.
Charity and Company law including charity registration and reviewing governing documents-
Contfficts and service level agreements-
Data protection law,.
Employment law and HR:
Equality, diversity and inclusion resources-
.CONTINUED
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Reading Voluntary Action
Trustees. Report (continued)
For The Year Ended 31 March 2025
Significant Activities - continued
Funding strategies and holistic support with business plans. budgeting. organisational management, needs analysis,
impact monitoring.
Health and Safety law
Governance, roles and responsibilities of trustees. an effective board. organisational risk management, and trustee
recruitment and retention.
Policies and procedures
Safeguarding law and practice to protect everyone within the organisation-
Through a developmental approach we offer groups the opportunity to review and enhance their organisational impact and
good governance through-
First Steps towards Safe and Sound (introductory level)
Safe and Sound (full accreditation)
Our bespoke training and events programme is designed specifically for local groups and includes: Introduction to the role
and responsibilities of a Trustee- Treasurer Training- Understanding Charity Finances. Safeguarding training. Small Groups
Forum- Community Buildings Forum- opportunities to connect with Funders- Volunteering and the law and more.
Key stats for: 2024-2025
Number of Advice Sessions- 473 Number of groups supported- 111
Number of training and events: 28 Number of attendees: 214
4. Volunteering Development
The RVA Volunteering Service aims to ensure that Reading is a place where the difference made by volunteering and social
action is recognised, valued and celebrated. We want everybody to have the opportunity to make a meaningful contribution
to the goal of making Reading a thriving community. improving and enriching the lives of all.
To help achieve this, we work with organisations that involve volunteers to ensure they have the support and resources
they need to do so effectively. We do this by:
Providing a volunteer matching platform allowing organisations to connect with members of the public looking to help.
Sharing expertlse on developing volunteering role5. managing and working with volunteers.
Arranging or signposts relevant training opportunities for Volunteer Involving Organisations and their existing volunteers.
Facilitating the Reading Volunteer Coordinators. Network. which provides information and peer support for those in
volunteer management roles.
Providing strategic leadership and help to ensure the value of volunteering in Reading is recognised, and volunteer activity
is flourishing.
Our public focused work aims to ensure that people from across our diverse communities are able to identify and access
opportunities to make a difference that fit with their motivations and goals. We offer one-to-one appointments, both in-
person and remotely, that allow potential volunteers to chat through their reasons for volunteering, the kinds of
opportunities they are looking for and any questions they have with an experienced member of our team. They will then be
guided through the opportunities available on our matching platform. and beyond, to help them find the opportunity that is
right for them.
We engage in a range of outreach activities to help promote volunteering to different groups. This includes regular sessions
at the University of Reading and with those attending employability courses at the Earley Crescent Resource Centre.
Working in collaboration with our Social Prescribing and Community Wellness Outreach Projects, we have a particular focus
on promoting the ways in which the right volunteering role can have a positive impact on an individual's health and
wellbeing.
In the coming year we intend to further develop our Inclusive Volunteering offer. Collaborating with oryanisations across the
sector. we will explore ways to ensure equitable acce5S to the health and wellbeing boost that the right volunteering role
can bring.
Key Stats 2024-25
71 organisations posted volunteering roles of the Reading Volunteer Connect platform promoting 172 unique opportunitie5.
452 potential volunteers registered with our Reading Volunteer Connect platform
606 expressions of interest received through the Reading Volunteer Connect plattorm
114 1.. l Advice appointments conducted
Public Benefit
The trustees confirm that they have complied with the requirements of Section 17 of the Charities Art 2011 to have due
regard to the Charity Commission's guidance on public benefit.
Financial Review
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Reading Voluntary Action
Trustees. Report (continued)
For The Year Ended 31 March 2025
Reserves Policy
The trustees have recognised that the organisation may incur potential liabilities for maternity pay, redundancy pay and
other statutorv amounts and have therefore resolved a) to try to retain its existing investments to go towards settling these
if necessary and bl to try to build up further reserves to meet their full obligation and other unforeseen needs.
A designated Pension Liability Reserve has also been put in place to manage reserves. targeted at covering the pension
deficit. The investment policy of the Trustee Board is to maintain the bulk of reserves in cash in order to provide safe and
liquid reserves.
Funds Materially in Deficit
The financial statements show an overall operating surplus for the year of £17,421 before gains and total funds of
£149,452. After charges and the gain on the fund the pension scheme deficit fund is £14,000.
To give assurances to RVA for the future a change was made in 2021 in respect of the status of the fund itself.
Consequently, there will no longer be a significant impact on the fund and organisations due to the possible lack of working
members within RVA. To cover any possible deficits on the fund. the Local Government Pension Scheme administrators have
formally agreed to continue accepting monies solely from RVA itself beyond the period when there may be no RVA
employed members. This removes worry of the causative demise of RVA.
Going Concern
The charity has improved its financial position and had overall net assets at 31 March 2025 of £275.829, of which £186,709
were unrestricted. This included a deficit on the pension reserve of 14,000.
The pension liability represents the best estimate of the current value of pension benefits that will have to be funded by
RVA. The liability relates to benefits earned by existing or previous employees up to 31 March 2025. These benefits are
expressed in current value terms rather than the cash amount that will actually be paid out. RVA is able to meet the agreed
pension contributions as they fall due.
The trustees have accordingly considered it appropriate to adopt a going concern basis for the preparation of these financial
statements.
structure. Governance and Management
Governing Document
The organisation was registered as a charity on 12th April 1985, incorporated as a charitable company limited by guarantee
on 24th 1994 and amended by special resolutions in October 2008 and October 2011. The company was established under
a Memorandum of Association, which established the objects and powers of the charitable company and is governed under
its Articles of Association.
Trustee Selection Methods
Trustees are appointed based on nomination from member organisations or co-option by the Board. The members of the
Trustee Board are listed above. All members of the Board are directors of the company and trustees of the charity. Reading
Voluntary Action indemnifies members against liability in relation to the company. In accordance with the Memorandum of
Association each present director has undertaken to contribute to it a sum not exceeding £ 10 in the event of it being wound
up while they are members and within one year if they cease to be members. One third of Board members retire each year
but can offer themselves for re election at the Annual General Meeting.
Induction and training of trustees
New Board members are inducted by the Chair and Chief Executive and are given opportunities to meet members of the
management and staff teams. New trustees are given guidance on the obligations of Board members and the current
financial position contained in the latest published accounts.
All Board members are able to attend RVA training at no cost
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Reading Voluntary Action
Trustees. Report (continued)
For The Year Ended 31 March 2025
Organisational Structure
The Trustee Board is supported by the Chief Executive and the Company Secretary (currently the CEO). The Trustee Board
establishes sub-groups as required to effectively manage areas of work these presently cover finance, risk and
accomtnodation. Subgroups are led by members of the Board with executive support from RVA managernent and staff.
Major risks and management of those risks
Risk management
The Trustee Board has conducted a review of the major risks to which the Charity is exposed. Where appropriate, systems
and procedures have been established to mitigate the risks the charity faces. This has led to the development of a strategic
plan which will enable the charity to secure the resources necessary to deliver its strategic aims. Internal control risks are
minimised by the implementation of procedures for auth0ri5ation of expenditure and new projects. Procedures are in place
to ensure compliance with health and safety for staff, volunteers, clients and visitors to the charity. These procedures are
periodically reviewed to ensure that they continue to meet the needs of the charity. The Board will continue to carry out
periodic reviews of risks and mitigation measures.
Along with rnany other charities, RVA has experienced significant changes in funding arrangements in recent years. This
includes a change from grant funding to contracts. The RVA trustees continue to review the use of the available reserves to
chieve best possible outcomes for the beneficiaries and to generate future income.
Statement of Trustees. Responsibilities
The trustees (who are also the directors of Reading Voluntary Attion for the purposes of company law) are responsible for
preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting
Standards (United Kingdom Generally Accepted Accounting Prartice)-
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees
must not approve the financial statement unless they are satisfied that they give a true and fair view of the state of affairs of
the charitable company and of the incoming resources and application of resources. including the income and expenditure, of
the charitable company for that period. In preparing the financial statements the trustees are required to:
select suitable accounting policies and then apply them consistently.
observe the methods and principles in the Charity SORP;
make judgments and accounting estirnates that are reasonable and prudent,. and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company
will continue in business.
The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at anytime the
financial position of the charitable cornpany and to enable them to ensure that the accounts comply with the Companies Act
2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the
prevention and detertion of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial inforniation included on the
charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial
statements may differ from legislation in other jurisdictions.
Each trustee has taken steps that they ought to have taken as a trustee in order to Make themselves aware of any relevant
independent examination information and to establish that the charity's independent examiner is aware of that information.
The trustees confirm that there is no relevant information that they know of and of which they know the independent
examiner is unaware.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies
regime within Part 15 of the Companies Art 2006.
The trustees, report was approved by the board of trustees and signed on its behalf by:
Stephen Leitch
Mr Stephen Leitch
Trustee
26/0112026
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Reading Voluntary Action
Independent Examiner's Report to the Trustees of Reading Voluntary Action
For The Year Ended 31 March 2025
report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.
Responsibilities and Basis of Report
As the charity trustees of the Company land also its director5 for the purposes of company lawl, you are responsible for the
preparation of the accounts in accordance with the requirements of the Companies Act 2006 ["the 2006 Act").
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and
are eligible for independent examination, I report in respert of my examination of your charity's accounts as carried out under
section 145 of the Charities Act 2011 {'the 2011 Act'l. In carrying out my examination I have followed the Directions given by
the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent Examiner's Statement
Since the Company's gross income exceeded £250.000 your examiner must be a member of a body listed in sertion 145 of
the 2011 Art. I confirm that l am qualified to undertake the examination because I am a member of The Chartered Institute
of Management Accountants, which is one of the listed bodies.
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 respect of the Company as 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
examination,. or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102).
have no concerns and have come across no other matters in connection 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.
Rachel Eden FCMA
26/0112026
Curious Lounge
Reading
Berkshire
RGIINH
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Reading Voluntary Action
Statement of Financial Activities (including Income and Expenditure Account)
For The Year Ended 31 March 2025
2025
2024
Unrestricted Restricted
funds
funds
Total
funds
Total
funds
Notes
INCOME AND ENDOWMENTS FROM:
Donations and legacies
Charitable activities
4.466
1.465
2,452
6,324
80,912
627,078
85,378
628,543
2,452
6,324
137,619
553,779
Other trading activities
Investments
5,563
14,707
707,990
722,697
696,961
EXPENDThURE ON:
Charitable activities
(12.133) (726,790) 1738,923) (694,469)
NET (EXPENDITURE)/INCOME BEFORE INVESTMENT
(LOSSES)/GAINS
Net (losses)Igains on investments
2.573
(18,799) { 16,226)
2,492
(1.295)
(1,295)
2,337
NET (EXPENDITURE)/INCOME
1.278
(18,7991 (17,521)
4,829
Other gains
144,000
144,000
73,001
NET MOVEMENT IN FUNDS
145,278
(18,799) 126,479
77,830
RECONCILIATION OF FUNDS:
Total funds brought forward
41,431
107,919
149,350
71,522
TOTAL FUNDS CARRIED FORWARD
17
186,709
89,120
275,829
149,352
The notes on pages 12 to 21 form part of these financial statements.
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Reading Voluntary Action
Comparative Statement of Financial Activities (including Income and Expenditure
Account)
For The Year Ended 31 March 2025
2024
Unrestricted Restricted
funds
funds
Total
funds
Notes
INCOME AND ENDOWMENTS FROM:
Donations and legacies
Charitable activities
299
137,320
549,644
137,619
553,779
5,563
4,135
5,563
Investments
9,997
686,964
696,961
EXPENDITURE ON:
Charitable activities
(4,825) 1689,644) (694,469)
NET INCOME BEFORE INVE￿MENT GAINS
5,172
2,337
(2,680)
2,492
2,337
Net gains on investments
NET INCOME
7,509
(2,680)
4,829
Transfers between funds
17
{32,215)
73,001
32,215
Other gains
73,001
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS:
48,295
29,535
77,830
Total funds brought forward
(6,863)
78,385
71,522
TOTAL FUNDS CARRIED FORWARD
17
41,432
107,920
149,352
The notes on pages 12 to 21 form part of these financial statements.
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Reading Voluntary Action
Balance Sheet
As At 31 March 2025
2025
2024
Unrestricted Restricted
funds
funds
Total
funds
Total
funds
Notes
FIXED ASSETS
Investments
12
26,494
26,494
27,788
26,494
26,494
27,788
CURRENT ASSETS
Debtors
Cash at bank and in hand
13
2,923
196,399
76,331
18,104
79,254
197,417
21,691
332,372
199,322
94,435
276,671
354,063
Creditors: Amounts Falling Due Within One Year
14
(25, 107)
{5,315) { 13,336) (84,499)
NET CURRENT ASSETS {LIABILITIES)
174,215
89,120
263,335
269,564
TOTAL ASSETS LESS CURRENT LIABILITIES
200.709
89,120
289,829
297,352
Creditors: Amounts Falling Due After More Than One
Year
15
(14,000)
{ 14,000) (148,000)
NET ASSETS
186,709
89,120
275,829
149,352
FUNDS OF THE CHARrrY
Restricted Funds
89,120
186,709
107,920
41,432
Unrestricted Funds
TOTAL FUNDS
17
275,829
149,352
For the year ending 31 March 2025 the charitable company was entitled to exemption from audit under section 477 of the
Companies Act 2006 relating to small companies.
The members have not required the charitable company to obtain an audit in accordance with section 476 of the Companies
Act 2006.
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting
records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies
regime.
On behalf of the board
Stephen Leitch
Mr Stephen Leitch
Trustee
26/0112026
The notes on pages 12 to 21 form part of these financial statements.
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Reading Voluntary Action
Notes to the Financial Statements
For The Year Ended 31 March 2025
l. General Information
Reading Voluntary Action is a company limited by guarantee, incorpordted in England & Wales. registered number 02982252
and registered charity number 1045782.
Each of the trustees is liable to contribute an amount not exceeding £ 10 towards
the assets of the charity in the event of liquidation.
The registered office is Risc. 35-39 London Street. Reading. RGI 4PS.
2. Statement of Compliance
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "Accounting and Reporting by
Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective I lanuary 2019)" Financial
Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies
Act 2006.
3. Accounting Policies
3.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention.
The charitable company is a Public Benefit Entity as defined by FRS 102.
3.2. Incoming Resources
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received
and the amount of the income receivable can be measured reliably.
Donations and legacies
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the
event that a donation is subject to conditions that require a level of performance by the charity before the charity is
entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the
fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be
fulfilled in the reporting period.
3.3. Resources Expended
All expenditure is recognised once 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
heading that aggregate similar costs to that category. Ivhere costs cannot be directly attributed to particular headings
they have been allocated on a 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 asset's use. Other support costs are allocated
based on the spread of staff costs.
Charitable artivities
Charitable expenditure comprises those costs incuned by the charity in the delivery of its activities and services 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.
Governance costs
These include the costs attributable to the charity's compliance with constitutional and statutory requirements,
including audit, strategic management and trustees meetings and reimbursed expenses.
3.4. Intangible Fixed Assets and Amortisation - Other Intangible
Fixed asset investments, other than programme related investments, are included at market value at the balance
sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their
market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of
Financial Activities in the period of disposal.
Unrealised gains and losses represent the movement in market values during the year and are credited or charged to
the Statement of Financial Activities based on the market value at the year end.
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Reading Voluntary Action
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
3.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.
Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value,
over their expected useful lives on the following bases:
3.6. Investments
3.7. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks,
other short-term highly liquid investments that mature in no more than three months from the date of acquisition and
are readily convertible to a known amount of cash with insignificant risk of change in value. and bank overdrafts.
3.8. Taxation
The charity is exempt from tax as all its income is charitable and applied for charitable purposes.
The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it
meets the defmition of a charitable company for UK corporation tax purposes. Accordinglyi the charity is potentially
exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part I l of
the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such
income or gains are applied exclusively to charitable purposes.
3.9. Pensions
The charitable company operates a defined pension contribution scheme. Contributions are charged to the Statement
of Financial Activities as they become payable in accordance with the rules of the scheme.
The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions
are paid into a pension fund and the charity has no legal 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 Activities when they are due.
If contribution payments exceed the contribution due for servi￿. the excess is recognised as a prepayment.
3.10. Trade Debtors
Trade debtors are amounts due from customers for merchandise sold or services perfonned in the ordinary course
ofbusiness.
Trade debtors are recognised 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 debtors is
established when there is objective evidence that the charity will not be able to collert all amounts due according to
the original terms of the receivables.
Trade creditors
Trade creditors are obligations 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 does 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 reporting
date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are
presented as non-current liabilities.
Trade creditors are recognised initially at the trdnsaction price and subsequently measured at amortised cost using the
effective interest method.
Fund structure
Unrestricted incorne funds are general funds that are available for use at the trustees discretion in furtherance of the
objectives of the charity.
Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is
restricted to that area or purpose.
4. Income from Donations and Legacies
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Reading Voluntary Action
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
2025
2024
Unrestricted Restrirted
Total
Total
funds
funds
funds
funds
Donations and gifts
Grants
loo
loo
299
4,466
80,812
85,278
137,320
4.466
80,912
85,378
137,619
5. Income from Charitable Activities
2025
2024
Unrestricted
funds
Restrirted
funds
Total
funds
Totsl
funds
Charitable Activities..
Projert Fees
Management fee
Contract Income
2,668
16,945
532,699
555
14,200
612.678
14,200
612,678
429
Training
Rental income
Other Income from charitable activities
429
909
127
909
327
882
30
200
1.465
627,078
628,543
553,779
6. Investment Income
2025
2024
Unrestricted
Total
funds
funds
Bank interest receivable
Dividends from investments
5,568
756
4,822
741
6,324
5,563
Net Income/(Expenditure)
The net (expenditure)/income is stated after charging/(crediting):
2025
2024
Depreciation of tangible fixed assets - owned
1,463
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Reading Voluntary Action
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
8. Independent Examiner's Remuneration
2025
2024
Independent examination of the financial statements
other assurance services
4,594
4,881
Tax advisory services
other financial services
4.594
4,881
The Independent Examiner changed during the financial year. The new examiner also provides training services to members
of Reading Voluntary Artion. THese are not financial services and in the financial year totalled £160 including VAT. The
figures above include VAT
9. Staff Costs
Staff costs were as follows..
2025
2024
Wages and salaries
Social security costs
Other pension costs
465,267
35,457
41,275
466,754
541,999
466,754
No employees received employee benefits {excluding employer pension costs) for the reporting period of more than £60,000.
10. Average Number of Employees
Average number of employees during the year was- 19 (2024- 20)
11. Tangible Assets
Fixtures &
Fittings
Cost or Valuation
As at l April 2024
Disposals
29,907
(29,907)
As at 31 March 2025
Depreciation
As at l April 2024
Provided during the period
29,907
129,907)
As at 31 March 2025
Net Book Value
As at 31 March 2025
As at l April 2024
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Reading Voluntary Action
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
12. Investments
Listed
Cost or Valuation
As at l April 2024
Revaluations
27,788
(1,294)
As at 31 March 2025
26,494
Provision
As at l April 2024
As at 31 March 2025
Net Book Value
As at 31 March 2025
26,494
As at l April 2024
27,788
13. Debtors
2025
2024
Due within one year
Trade debtors
15,442
63,812
14,962
6,729
Other debtors
79,254
21,691
14. Creditors: Amounts Falling Due Within One Year
2025
2024
Trade creditors
other creditors
7,663
22,737
57,262
4,500
Accruals and deferred income
5,673
13,336
84,499
15. Creditors: Amounts Falling Due After More Than One Year
2025
2024
Other creditors
14,000
148,000
16. Pension Commitments
The Local Government Pension Scheme (LGPS) is a defmed benefit statutory scheme administered in accordance with the
Local Government Pension Scheme Regulations 2013 and currently provides benefits based on career average revalued
earnings. Full details of the benefits being valued are as set out in the Regulations as amended and summarised on the LGPS
website.
The administering authority for the Fund is the Royal Borough of Windsor and Maidenhead. The Pension Fund Committee
oversees the management of the Fund whilst the day to day fund administration is undertaken by a team within the
administering authority. Where appropriate some functions are delegated to the Fund's professional advisers.
As administering authority to the Fund, the Royal Borough of Windsor and Maidenhead, after consultation with the Fund
Actuary and other relevant parties, is responsible for the preparation and maintenance of the Funding Strategy Statement
and the Investment Strategy Statement. These should be amended when appropriate based on the Fund's performance and
funding.
.CONTINUED
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Reading Voluntary Action
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
16. Pension Commitments- continued
Contributions are set every three years as a result of the actuarial valuation of the Fund required by the Regulations. The next
actuarial valuation of the Fund will be carried out as at 31 March 2028 and will set contributions for the period from l April
2028 to 31 March 2031. There are no rninimum funding requirements in the LGPS but the contributions are generally set to
target a funding level of IOODkn using the actuarial valuation assumptions.
The date of the most recent comprehensive actuarial valuation was 31 March 2025. In completing the calculations for pension
accounting purposes the following items of data from the Royal Borough of Windsor and Maidenhead have been used..
The results of the latest funding valuation as at 31 March 2025 which was carried out for funding purposes and the results
of the 31 March 2024 1AS19 report which was prepared for accounting purposes:
Fund asset statement at 31 March 2025-
Fund income and expenditure items for the period to 31 March 2025;
Employer income and expenditure items for the period to 31 March 2025:
Details of any new early retirements for the period to 31 March 2025 that have been paid out on an unreduced basis,
which are not anticipated in the normal employer service cost. and
Details of any settlements tolfrom the Employer for the period to 31 March 2025.
Reconciliation of scheme assets and liabilities to assets and liabilities recognised
The amounts recognised in the statement offmancial position are as follows:
2025
2024
Fair value of scheme assets
1,247,000
(1,261,000}
1,290,000
{ 1,438,000)
Defined benefit pension scheme obligation
Designed benefit pension scheme deficit
(14,000)
(140,000)
Defined benefit obligation
Changes in the defined benefit obligation are as follows=
2025
Present value at start of the year
Current service cost
1,438,000
10,000
68,000
(166,000)
(3,000)
{85,000)
3,000
(4,000)
Interest cost
Change in financial assumptions
Change in demographic assumptions
Benefits paid
Contributions by scheme participants
Experience loss/(gain) on defined benefit obligation
Present value at end of year
1,261,000
Fair value of scheme assets
Changes in the fair value of scheme assets are as follows-
2025
Fair value at start of year
Interest on assets
1,290,000
62,000
.CONTtNUED
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Reading Voluntary Action
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
Return on assets less interest
{35,000)
13,000
3,000
{85,000)
Contributions by employer
Contributions by scheme participants
Benefits paid
Administration expenses
Fair Value at end of year
1,247,000
The pension scheme has not invested in any of the charity's own financial instruments or in properties or other assets used by
the charity.
Principal artuarial assumptions
The principal actuarial assumptions at the Statement of financial posltion date are as follows..
2025
2024
Discount rate
5.750
4.900/0
Future salary increases
3.90Wo
3.95%
Future pension increases
2.900
2.95010
Post retirement mortality assumptions
2025
2024
Years
Years
Current UK pensioners at retirement age - male
Current UK pensioners at retirement age female
Future UK pensioners at retirement age - male
Future UK pensioners at retirement age female
20.70
20.80
23.60
23.60
22.00
22.00
25.00
25.00
17. Movement in Funds
As at l April
2024
Gains and
losses
Asat31
March 2025
Income
Expenditure
Unrestricted funds
General..
General unrestricted fund
Designated..
COIF Investment
21.643
14.707
(2.135)
34,215
27.788
(148,000}
80,000
60,000
(1.294)
{ 10,000)
26,494
(14,000)
80,000
60,000
Pension reserve
144,000
Pension liability reserve
Contingency reserve
19,788
(11,294)
144,000
152,494
Total unrestricted funds
41,431
14,707
{ 13,429)
144,000
186,709
Restricted funds
Advice Service {Earley Charity
Ready Friends {Earley Charity)
PCN Link Workers
2,949
1.475
1,441
43,474
15.000
246,912
{43,615)
{ 16.475)
{248,353)
2,808
.CONTINUED
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Reading Voluntary Action
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
Faith Forum
8,974
663
8,974
460
Client Grant5
3.588
(5,818)
133.524
7,481
(8.728)
181.262
(3,791)
Volunteering Development
CTG3 Infrastructure
5.818
11.267
19.358
8.728
36.426
10.820
{134,698)
(5,833)
10,093
21,006
Health Inequalities
Research Engagement Network
Community Wellness Outreach
RIB Wellbeing Training
Public Health Management project
CTG2 Social Prescribing
NHS BOB ICB Partnership
Cadbury Foundation
{179,876)
(6,795)
{35,000)
{39,824)
{11,471)
(1,058)
37,812
4,025
35,000
39.824
11.471
5.000
3,942
Total restricted funds
107,919
707,990
(726,789)
89,120
Total funds
149,350
722.697
(740,218)
144,000
275,829
Net
movement
in fund5
As at l April
2023
Asat31
March 2024
Transfers
Unrestricted funds
General..
General unrestricted fund
40,687
13,172
(32,215)
21,644
Designated..
COIF Investment
25,450
(213.000)
80,000
60.000
2,338
65.000
27,788
(148,000)
80,000
60,000
Pension reserve
Pension liability reserve
Contingency reserve
(47.550)
67,338
19,788
Total unrestricted funds
(6,863)
80,510
(32,215}
41,432
Restricted funds
Advice Service {Earley Charity
Ready Friends {Earley Charity)
PCN Link Workers
Faith Forum
Client Grants
Volunteering Development
CTG3 Infrastructure
Health Inequalities
Research Engagement Network
Community Wellness Outreach
RIB Wellbeing Training
Public Health Management project
British Science Association Research
5.786
636
(2.836)
838
2,950
1,474
1,442
8,974
663
1.441
8,974
234
429
13,865
5.725
30,435
(8,047)
5.542
{11,077)
8.728
36,426
10.820
(2,926)
(4.866)
{32,215)
5,818
11,267
19,358
8,728
36,426
10,820
2,926
4.866
CTG2 Social Prescribing
32,215
.CONTINUED
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Reading Voluntary Action
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
BSA community researchers
BHFT Engagement
NHS BOB ICB Partnership
ICB Mental Health Grants
3,497
(3,497)
Total restricted funds
78,385
(2,680)
32,215
107,920
Total funds
71,522
77,830
149,352
Net movement in funds, included in the above are as follows..
Net
movement
in funds
Gains and
losses
Income
Expenditure
Unrestricted funds
General..
General unrestricted fund
Designated..
COIF Investment
9.997
5.512
12,337)
13,172
2,338
73,000
2,338
65,000
Pension reserve
(8,000)
Pension liability reserve
Contingency reserve
(8,000)
75,338
67,338
Total unrestricted funds
9.997
(2,488)
73,001
80,510
Restricted funds
Advice Service {Earley Charity
Ready Friends {Earley Charity)
PCN Link Workers
42,545
11.650
200,485
{45,381)
{ 10.812)
{200,484)
(2,836)
838
Faith Forum
Client Grants
2,205
(1,776)
(8.047)
{152,458)
{29.992)
{31,272)
(43,746)
{600)
(32,926)
{10,501)
429
Volunteering Development
CTG3 Infrastructure
(8,047)
5,542
111,077)
8,728
36,426
10,820
(2,926)
{4,866)
(32,215)
{3,497)
158,000
18.915
40.000
80.172
11.420
30,000
5.635
Health Inequalities
Research Engagement Network
Community Wellness Outreach
RIB Wellbeing Training
Public Health Management project
British Science Association Research
CTG2 Social Prescribing
BSA community researchers
BH￿ Engagement
Il
30.000
12.508
1,429
{62,215)
{ 16,005)
(1,429)
.CONTINUED
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Reading Voluntary Action
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
NHS BOB ICB Partnership
ICB Mental Health Grants
12.000
30.000
{ 12,000)
{30,000)
Total restricted funds
686,964
(689,644)
(2,680)
Total funds
696,961
(692, 132)
73,001
77,830
18. Transactions with Trustees
None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity
during the current or previous year.
No trustee expenses have been incurred.
19. Related Party Disclosures
There have been no related party transactions in the reporting period that require disclosure.
20. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company. in the event of a winding up, such an
amount as may be required not exceeding £10.
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