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2021-03-31-accounts

HAMMERSMITH & FULHAM VOLUNTEER CENTRE

Registered Charity No. 1062032 (Company Number: 03176924) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

HAMMERSMITH & FULHAM VOLUNTEER CENTRE

Registered Charity No. 1062032 (Company Number: 03176924)

Contents
Page
Administrative Information 1
Report of the Trustees 2 - 5
Report of the Independent Examiner 6
Statement of Financial Activities 7
Balance Sheet 8
Notes forming part of the financial statements 9 – 15

HAMMERSMITH & FUHAM VOLUNTEER CENTRE

(A Company Limited by Guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS

FOR THE YEAR ENDED 31 MARCH 2021

Trustees

Charles Forsyth (Chair) Zarar Qayyum Stan Paschal Mathew Thorley Aliya Afzal Khan Henrietta Malet Charlotte de Crozals (Appointed 18 August 2021) Blanca Gómez Navarro (Appointed 12 August 2021) Alexandra Hallock (Appointed 25 August 2021)

Company registered number

03176924

Charity registration number

1062032

Registered office

Fulham Library, 598 Fulham Road, Fulham, London, England, SW6 5NX

Independent Examiners

Stephen Jones FCA ℅ Myrus Smith, Chartered Accountants Norman House 8 Burnell Road Sutton Surrey SM1 4BW

1

HAMMERSMITH & FULHAM VOLUNTEER CENTRE (Registered Charity No: 1062032)

(Company No: 03176924)

ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

The Trustees (who are also directors of the charity for the purposes of the Companies Act) present their annual report together with the Independently Examined financial statements of Hammersmith & Fulham Volunteer Centre (the company) for the year ended 31 March 2021. The Trustees confirm that the Annual Report and financial statements of the company comply with current statutory requirements and the governing document.

STRUCTURE, GOVERNANCE AND MANAGEMENT

a. Constitution

The company is registered as a charitable company limited by guarantee, registered under a Memorandum of Association dated 25/3/1996. It is also a registered charity, number 1062032. In the event of the company being wound up, each member is required to contribute an amount not exceeding £10.

b. Method of Appointment or Election of Trustees

Persons with a range of skills, experience and commitments are recruited to serve on the Board of Trustees through several means: (i) advertisements in national newspapers (ii) referrals from local contacts both the voluntary and the statutory sectors (iii) volunteer recruitment undertaken by the VC’s Projects providing volunteer placement and development service (iv) recruitment of volunteer who are users of the VC’s services.

Those persons who are interested in getting involved in the VC’s work are initially invited to attend the Board’s meetings as observers and to meet with one or more Honorary Officers and the Chief Executive. A skills audit is conducted and suitable applicants are interviewed by the Chief Executive and Chair or Treasurer. Successful applicants are then invited to a Board meeting where the appointment is confirmed following a vote of the current members.

c. Organisational Structure and Decision Making

Hammersmith & Fulham Volunteer Centre has a Board of Trustees who meet every quarter and are responsible for the strategic direction and policy of the charity. The board delegates implementation of policy to the Chief Executive who supervises the staff team and volunteers.

d. Related Parties

None of the trustees received remuneration or other benefit for their work with the charity. The charity has a wholly owned subsidiary, Works 4U Limited which focuses on employer supported volunteering initiatives as well as consultancy and training services.

e. Risk Management

The Trustees have assessed the major risks to which the company and the group are exposed, in particular those related to the operations and finances of the company and the group, and are satisfied that the systems and procedures are in place to mitigate exposure to major risks and maintain solvency.

OBJECTIVES AND ACTIVITIES

Objectives and Public Benefit

The objectives of the charity are:

Each year the Trustees review the activities of the charity to ensure that they remain in line with the objectives. Trustees have considered the Charity Commission’s general guidance on public benefit and in particular the supplementary public guidance on the promotion of the voluntary sector for the benefit of the public, and the relief of poverty. Trustees believe they meet the public benefit requirements.

2

HAMMERSMITH & FULHAM VOLUNTEER CENTRE

(Registered Charity No: 1062032) (Company No: 03176924)

ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

ACHIEVEMENTS AND PERFORMANCE

Going Concern

After making appropriate enquires, the trustees have a reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future so they continue to adopt the going concern basis in the preparation of financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

Review of Activities

Covid-19 Impact

The impact of Covid-19 has significantly impacted the normal delivery of Hammersmith and Fulham Volunteer Centre (HFVC) and the organisations had operated a fully remote service since March 2020. This continues to meet the needs of both local residents interested in volunteering as well as volunteering involving organisations, neither of which are seeking face-to-face support. This is regularly reviewed and evaluated and we look forward to offering face-to-face support in the future. Our face-to-face DBS checking service has stopped completely and its return will be smaller compared to pre-Covid due to decreased demand.

Hardest hit has been our business volunteering social enterprise Works4U which saw all business volunteer cease completely and refunds provided to booked projects. The Works4U Corporate Engagement Manager was furloughed under the Coronavirus Job Retention Scheme.

Covid-19 Volunteer Response

HFVC played a key role through the year in helping to mobilise, co-ordinate and support volunteers in Hammersmith & Fulham to help those affected by Covid-19. This included:

Hammersmith & Fulham Core Volunteering Report

HFVC continues to lead in matching individuals wanting to volunteer with volunteering opportunities in charities and not for profit organisations across Hammersmith and Fulham. This year has been very different in that our work has been focused on helping to match volunteers with roles that are connected to the impact of Covid-19, whether via the H&F CAN service, Mutual Aid Groups or roles within frontline charities.

We conducted hundreds of one to one interviews that were vital in giving people who may be less confident about volunteering the time to explore the skills and experience they have to offer, as well as an opportunity to explain the range of opportunities. This careful matching process ensures placements that are successful for organisations and volunteers.

Many people are unaware of the benefits of volunteering and the range of opportunities that are available. We are passionate about getting out and spreading the word about how volunteering enriches lives.

As an experienced and authorised body to offer Disclosure and Barring Service (DBS) checks we continued to offer advice to organisations about good practice and eligibility for DBS checking.

3

HAMMERSMITH & FULHAM VOLUNTEER CENTRE (Registered Charity No: 1062032)

(Company No: 03176924)

ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

London Community Response Fund

HFVC was a recipient through Waves 3 & 5 of the London Community Response Fund which helped HFVC to maximise its capacity to support Hammersmith & Fulham volunteer involving organisations, mutual aid groups and the collective voluntary sector response during the pandemic. The funding was used to help develop our ParticipAction programme which focuses on informal volunteering as well as traditional formal volunteering. This better meets the needs of individuals, civil society organisations and businesses in 2020 and beyond. ParticipAction is a term we have invented to mean all participation, social action and volunteering.

Works4U

With a furloughed Corporate Engagement Manager we maintained contact with business clients and adapted our volunteering offerings to include more remote/virtual projects as well as adapting risk assessments for a Covid-19 world. No volunteering projects were booked during the financial year as businesses were operating remotely and were not interested in taking part in team volunteering projects. Additionally, charities in Hammersmith & Fulham were also not in a position to receive volunteers from businesses.

Works4U is an important alternative income stream for the organisation and although limited activity takes place now, it is recognised as being a temporary situation. At the end of 2021 we have seen increased interest and activity take place.

Community Champions

This 5 year project, now extended until the end of March 2022, funded by Hammersmith & Fulham Council and Clinical Commissioning Group continues to focus on improving the health in the Bayonne and Field Road Estate area of Hammersmith & Fulham. Delivered by HFVC it involves 15-20 volunteer Community Champions supporting a wide range of healthy living activities for local people. The project supports a wide range of activities to help meet the health needs of the area, identified through the baseline survey carried out in the first year of the project. It has absolutely transformed the community spaces it is using which were hardly used before the project began. Now the community, of all ages and backgrounds, use the spaces on a daily basis and the project is a real community asset. Although Covid19 has meant that in person activities at the project’s base, Wentworth Court, could not take place, online activities have continued and ongoing support given to local people.

Partnership working and collaboration

HFVC is committed to working in partnership and collaboration with organisations and companies for the benefit of Hammersmith & Fulham residents.

HFVC works closely in partnership with its ‘sister’ organisation, Volunteer Centre Camden to deliver successful projects and with a shared CEO and Finance Manager as well as collaboration on volunteer infrastructure and employer supported volunteering.

We are working with and developing our partnership with infrastructure providers in the borough, Sobus and Young Hammersmith & Fulham Foundation.

We work in collaborative partnership with Hammersmith & Fulham Council to strategically develop volunteering across the borough.

FUTURE PLANS

Each year staff, trustees and volunteers participate in a strategic planning day, which ensures that we have a clear strategic direction and that all contribute to this. The voluntary sector is going through extremely difficult times due to local authorities having to manage substantial cuts to their budgets. This has hit all ‘infrastructure’ organisations across London and the rest of the country.

HFVC has been adapting to the changing environment and is using and developing its income streams with an aim to becoming as independent as possible from the local authority, but still wishing to work with them closely as a partner. HFVC has recently strengthened its board of trustees and is currently undertaking a strategic review and developing action plans to achieve diversified income in an uncertain operating environment.

4

HAMMERSMITH & FULHAM VOLUNTEER CENTRE (Registered Charity No: 1062032)

(Company No: 03176924)

ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

FINANCIAL REVIEW

During the year the charity was in receipt of income of £258,904 and expenditure of £216,361, resulting in a surplus of £41,398 for unrestricted funds and a surplus of £1,145 for restricted funds. More details are provided in the financial statements.

The charity had unrestricted reserves of £83,550 at the end of year, and restricted reserves of £2,702. The trustees consider that the levels of reserves are sufficient to meet contractual and statutory responsibilities for the foreseeable future. The trustees hope to be able to increase the level of reserves but are aware of the very difficult climate that exists for charities of this size.

Approved by the Trustees on 7 December 2021 and signed on their behalf by:

Charles Forsyth Chair

5

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF:

HAMMERSMITH & FULHAM VOLUNTEER CENTRE

Registered Charity No. 1062032 (Company Number: 03176924)

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2021 which are set out on pages 7 to 15.

Responsibilities and basis of report

As the charity trustees of the company (and also its directors for the purposes of company law) 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 respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). 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 Section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW which is one of the 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 that in any material respect:

  1. 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).

I 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.

Stephen Jones FCA ℅ Myrus Smith, Chartered Accountants Norman House 8 Burnell Road Sutton, Surrey SM1 4BW

14 December 2021

6

HAMMERSMITH & FULHAM VOLUNTEER CENTRE

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)

FOR THE YEAR ENDED 31 MARCH 2021

Total Total Total Total
Notes Unrestricted Restricted Funds Funds
Funds Funds 2021 2020
£ £ £ £
Income from:
Charitable activities 3 141,601 87,283 228,884 174,249
Other 4 30,020 - 30,020 33,724
────── ────── ────── ──────
Total income 171,621 87,283 258,904 207,973
────── ────── ────── ──────
Expenditure on:
Charitable activities 5 130,223 86,138 216,361 197,950
────── ────── ────── ──────
Total expenditure 130,223 86,138 216,361 197,950
────── ────── ────── ──────
Net income/(expenditure) 7 41,398 1,145 42,543 10,023
Transfer between funds - - - -
────── ────── ────── ──────
Net movement in funds 14 41,398 1,145 42,543 10,023
Reconciliation of funds
Fund balances brought forward 14 42,152 1,557 43,709 33,686
───── ───── ────── ──────
Fund balances carried forward 14 £83,550 £2,702 £86,252 £43,709
═════ ═════ ══════ ══════

All income and expenditure is derived from continuing activities.

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes form part of these Financial Statements.

7

HAMMERSMITH & FULHAM VOLUNTEER CENTRE

BALANCE SHEET

AT 31 MARCH 2021

2021 2020
Notes £ £ £ £
FIXED ASSETS
Tangible fixed assets 10 - -
CURRENT ASSETS
Debtors 11 24,318 28,276
Cash at bank and in hand 86,362 29,088
────── ──────
110,680 57,364
CREDITORS:Amounts falling due
within one year 12 24,428 13,655
────── ──────
NET CURRENT ASSETS 86,252 43,709
─────── ───────
NET ASSETS 15 £86,252 £43,709
═══════ ═══════
FUNDS
Unrestricted Funds 14 83,550 42,152
Restricted 14 2,702 1,557
─────── ───────
14 £86,252 £43,709
═══════ ═══════

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the companies Act 2006.

The directors acknowledge their responsibilities for:

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by the Board of Trustees on 7 December 2021 and signed on its behalf by:

Charles Forsyth Chair

The notes form part of these Financial Statements.

8

HAMMERSMITH & FULHAM VOLUNTEER CENTRE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

1. COMPANY STATUS

Hammersmith & Fulham Volunteer Centre is a registered Charity (No: 1062032) and a Private Company (No: 03176924), limited by guarantee and registered in England and Wales. In the event of the company being wound up, the liability in respect of the guarantee is limited to £10 per member.

The registered office of the company is given in the Reference and Administrative Details on page 1.

2. ACCOUNTING POLICIES

Basis of preparation

The charity constitutes a public benefit entity as defined by FRS 102.

The financial statements have been prepared in accordance with 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) issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice. The financial statements have been prepared on the going concern basis and under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Income recognition

Expenditure recognition

Expenditure is recognised once there is a legal or constructive obligation to make payment to a third party, it is probable that settlement will be required and the amount can be measured reliably.

Expenditure on charitable activities includes direct costs undertaken to further the purposes of the charity and associated support costs.

Fund accounting

Unrestricted general funds are those funds which are freely available for use in furtherance of the objects of the charity and which have not been designated for specific purposes.

Designated funds are unrestricted funds which have been set aside for particular purposes.

Restricted funds are funds which can only be used in accordance with specific restrictions imposed by the donor or which have been raised for a particular purpose.

Fixed assets and depreciation

Depreciation is provided so as to write off the cost of each asset over its estimated useful life at the following annual rates:

Office and computer equipment

33.3% on cost

9

HAMMERSMITH & FULHAM VOLUNTEER CENTRE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021 /cont'd....

2. ACCOUNTING POLICIES /cont’d…

Debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairments are recognised in expenditure.

Operating leases

Operating lease rentals are charged to the Statement of Financial Activities on a straight line basis over the term of the lease.

Pensions

The charity operates a defined contribution pension scheme. Contributions payable under the scheme are charged to the Statement of Financial Activities in the year to which they relate.

3. INCOME FROM CHARITABLE ACTIVITIES

Unrestricted Restricted Total Total
Funds Funds 2021 2020
Grants and contracts £141,601 £87,283 £228,884 £174,249
══════ ══════ ══════ ══════

Of the £174,249 recognised in 2020, £99,870 related to unrestricted funds and £74,379 related to restricted funds.

4. OTHER INCOME

OTHER INCOME
Unrestricted Restricted Total Total
Funds Funds 2021 2020
£ £ £ £
Secondment fees 30,000 - 30,000 28,575
DBS income - - - 3,823
Miscellaneous 20 - 20 1,326
────── ────── ────── ──────
£30,020 £Nil £30,020 £33,724
══════ ══════ ══════ ══════

Of the £33,724 recognised in 2020, £33,620 related to unrestricted funds and £104 related to restricted funds.

5. EXPENDITURE ON CHARITABLE ACTIVITIES

Direct Support Total Total
costs costs 2021 2020
£ £ £ £
Direct project costs 4,228 - 4,228 16,696
Staff costs (Note 9) 162,660 31,950 194,610 157,089
Office costs - 9,950 9,950 10,784
Premises costs - 5,298 5,298 10,770
Training costs - 25 25 523
Sundry expenses - - - 188
Legal and professional - 66 66 40
Governance (Note 6) - 2,184 2,184 1,860
────── ────── ────── ──────
£166,888 £49,473 £216,361 £197,950
══════ ══════ ══════ ══════

Of the £216,361 (2020 : £197,950) expenditure recognised in 2021, £130,223 (2020 : £113,654) was charged to unrestricted funds and £86,138 (2020 : £84,296) to restricted funds.

10

HAMMERSMITH & FULHAM VOLUNTEER CENTRE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021 /cont'd....

6. GOVERNANCE COSTS

7.

2021 2020
£ £
Independent examiner’s fees £2,184 £1,860
══════ ══════
NET INCOME/(EXPENDITURE)
Net income/(expenditure) for the year is stated 2021 2020
after charging:
Operating lease rentals £5,712 £10,466
══════ ══════

8. TRUSTEES’ REMUNERATION AND EXPENSES

The Trustees neither received nor waived any remuneration during the year (2020: £Nil).

During the year no Trustee received any reimbursement of expenses (2020: £Nil).

9. STAFF COSTS

2021 2020
£ £
Salaries 175,966 141,855
Social security costs 11,983 9,470
Pension costs 6,661 5,764
────── ──────
£194,610 £157,089
══════ ══════

The average monthly number of employees during the year was as follows:

2021 2020
Charitable Activities 2 2
Management and Administration 3 3
───── ─────
5 5
═════ ═════

No employee received total employee benefits (excluding employer pension costs) amounting to more than £60,000 in either year.

The total amount of employee benefits received by key management personnel was £22,313 (2020 : £24,082).

Under FRS 102, employee benefits include gross salary, benefits in kind, employer’s national insurance and employer’s pension costs.

11

HAMMERSMITH & FULHAM VOLUNTEER CENTRE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021 /cont'd....

10. TANGIBLE FIXED ASSETS Office
Equipment
Cost: £
At 1 April 2020 7,000
Disposals -
──────
At 31 March 2021 7,000
──────
Depreciation:
At 1 April 2020 7,000
Disposals -
──────
At 31 March 2021 7,000
──────
Net book value:
──────
At 1 April 2020 and 31 March 2021 £Nil
══════
11. DEBTORS 2021 2020
£ £
Trade debtors 59 12,300
Amounts owed by group undertakings (note 16) 19,470 9,340
Other debtors 3,032 2,872
Prepayments 1,757 3,764
────── ──────
£24,318 £28,276
══════ ══════
12. CREDITORS – amounts falling due within one year
2021 2020
£ £
Trade creditors 206 3,438
Other taxation and social security 4,319 5,186
Other creditors 40 411
Accruals 4,030 3,787
Deferred income 15,833 833
─────── ───────
£24,428 £13,655
═══════ ═══════
Deferred Income analysis £
As at 1 April 2020 833
Additions during the year 15,000
Amounts released to income -
──────
As at 31 March 2021 £15,833
══════

Deferred income relates to funds received during the year for a project not commencing until next year.

12

HAMMERSMITH & FULHAM VOLUNTEER CENTRE

INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2021

13. OPERATING LEASE COMMITMENTS

Total future minimum lease payments under non-cancellable operating leases are as follows:

2021 2020
Due within £ £
One year 1,062 150
Between one and five years 2,280 -
─────── ───────
£3,342 £150
═══════ ═══════
14. STATEMENT OF FUNDS
1 April 31 March
2021 2020 Income Expenditure Transfers 2021
£ £ £ £ £
Designated Funds
Contingency reserve fund 11,000 - - - 11,000
General Funds 31,152 171,621 (130,223) - 72,550
────── ─────── ─────── ─────── ──────
Total Unrestricted Funds 42,152 171,621 (130,223) - 83,550
────── ─────── ─────── ─────── ──────
Restricted Funds
Community Champions - 50,172 (50,172) - -
D R Edwards & Bishop King’s
Fulham 1,557 - - - 1,557
London Comm Resp Fund
Wave 3 - 27,051 (27,051) - -
London Community Response
Fund - 7,810 (7,810) - -
London Plus - 2,250 (1,105) - 1,145
────── ─────── ─────── ─────── ──────
Total Restricted Funds 1,557 87,283 (86,138) - 2,702
────── ─────── ─────── ─────── ──────
────── ─────── ─────── ─────── ──────
Total Funds £43,709 £258,904 £(216,361) £Nil £86,252
══════ ═══════ ═══════ ═══════ ══════

13

HAMMERSMITH & FULHAM VOLUNTEER CENTRE

INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2021

14. STATEMENT OF FUNDS (continued)

Comparative information for the previous year is as follows:

1 April 31 March
2020 2019 Income Expenditure Transfers 2020
£ £ £ £ £
Designated Funds
Contingency reserve fund 11,000 - - - 11,000
General Funds 11,316 133,490 (113,654) - 31,152
────── ─────── ─────── ─────── ──────
Total Unrestricted Funds 22,316 133,490 (113,654) - 42,152
────── ─────── ─────── ─────── ──────
Restricted Funds
Community Champions - 53,864 (53,864) - -
CAMERA (Nesta) 11,370 11,963 (23,333) - -
D R Edwards & Bishop King’s
Fulham - 4,356 (2,799) - 1,557
Sports England - 4,300 (4,300) - -
────── ─────── ─────── ─────── ──────
Total Restricted Funds 11,370 74,483 (84,296) - 1,557
────── ─────── ─────── ─────── ──────
────── ─────── ─────── ─────── ──────
Total Funds £33,686 £207,973 £(197,950) £Nil £43,709
══════ ═══════ ═══════ ═══════ ══════

DESIGNATED FUNDS

Contingency reserve fund

The Trustees have established a strategy whereby the Contingency reserve fund is maintained at a level which would cover approximately three to six months of core expenditure. This would provide sufficient funds to enable the volunteer centre to meet its on-going commitments.

RESTRICTED FUNDS

The Community Champions project involves volunteers to promote health and wellbeing in the Bayonne and Field Road estates of Hammersmith & Fulham. This 5 year programme funded by Hammersmith & Fulham Council and Hammersmith & Fulham Clinical Commissioning Group aims to improve key health issues in this deprived area utilising volunteer community champions.

CAMERA (Nesta)

Taking the learnings from Grenfell, this innovative emergency volunteer project helped local residents to train on emergencies so they could be known and trusted to help if an emergency took place.

D R Edwards & Bishop King’s Fulham

This funding supported health and wellbeing in the area of benefit supported by Dr Edwards & Bishop King and delivered through the Community Champions programme.

Sports England

This funding helped support Community Champions programme residents to be more active and healthy.

14

HAMMERSMITH & FULHAM VOLUNTEER CENTRE

INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2021

14. STATEMENT OF FUNDS (continued)

RESTRICTED FUNDS (continued)

London Community Response Fund

This supported HFVC to increase its capacity to help respond to the pandemic, including extra days for part-time staff and online meeting software.

London Community Response Fund – Wave 3

This funding was used to help maximise our capacity to support volunteering during the pandemic. In particular it was used to our ParticipAction programme which focuses on informal volunteering as well as traditional formal volunteering. This better meets the needs of individuals, civil society organisations and businesses in 2020 and beyond. ParticipAction is a term we have created to mean all participation, social action and volunteering.

London Plus

This funding achieved by London Plus from the Greater London Authority was for the purpose of purchasing laptops for staff working remotely.

15. ANALYSIS OF NET ASSETS BETWEEN FUNDS

2021 Unrestricted Restricted Total
Funds Funds Funds
£ £ £
Current assets 92,145 18,535 110,680
Current liabilities (8,595) (15,833) (24,428)
─────── ────── ───────
£83,550 £2,702 £86,252
═══════ ══════ ═══════
Comparative information for the previous year is as follows:
2020 Unrestricted Restricted Total
Funds Funds Funds
£ £ £
Current assets 43,604 13,760 57,364
Current liabilities (1,452) (12,203) (13,655)
─────── ────── ───────
£42,152 £1,557 £43,709
═══════ ══════ ═══════

16. RELATED PARTY TRANSACTIONS

The charity controls 100% of the voting rights of its subsidiary company Works 4U Limited (a company limited by guarantee). During the year the charity entered into the following transactions with Works 4U Limited:

2021 2020
£ £
Debtor as at 1 April 9,340 48,356
Net recharges of income/(expenditure) 10,130 (39,016)
────── ──────
Debtor as at 31 March £19,470 £9,340
══════ ══════

15