Company registration number: 03176924 Charity registration number.. 1062032 Hammersmith & Fulham Volunteer Centre IA company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 March 2025 Field Sullivan Limited 9 Hare & Billet Road Blackheath SE3 ORB
Hammersmith & Fulham Volunteer Centre Contents Refence and Administrative Details 2to7 Trustees, Report Independent Examiner's Report 8t09 Statement of Financial Activities io Balance Sheet li Notes to the Financial Statements 12to23
Hammersmith & Fulham Volunteer Centre Reference and Administrative Details Chairman Charles Forsyth Tiu5tee5 Charlotte de Crozals Charles Forsyth Aliya Khan Henrietta Malet Bl?nca Gomez Navarro Zarar Qayyum Mathew Thorley Charity Registration Number 1062032 Company Reglstration Number 03176924 The charity is incorporated in England and Wales. Fulham Library 598 Fulham Road London SW6 5NX Registered Office Independent Examiner Field Sullivan Limited 9 Hare & Billet Road Blackheath SE3 ORB Page I
Hammersmith & Fulham Volunteer Centre Trustees, Report The Trustees (who are also directors of the charity for the purp05e5 of the Companies Act) present their annual report together with the Independently Examined financial statements of Hammersmith & Fulham Volunteer Centre Ithe company} for the year ended 31 March 2025. The Trustees confirm that the Annual Report and financial statements of the company comply with current ststutory requirements and the governing document. STRUCTURE, GOVERNANCE AND MANAGEMENT . Constitution The company is registered as 3 charitable company limited by guarantee. registered under a Memorandum of Association dated 25th March 1996. It is also a registered charity, number 1062032. In the event of the company bein8 wound up, each member is required to contribute an amount not exceeding £1. b. Method of Appolntmenl or Elertion of Trustees Persons Wlth a range of skills. experience and commitments are recruited to serve on the B03rd of Trustees through several means including.. (i) advertisements in national newspapers {iil referrals from local contarts both the voluntary and the statutory sectors liiil volunteer recruitment undertaken by the Volunteer Centre's Projects providing volunteer placement and development seNice livl recrultment of volunteer who are users of the Volunteer Centre's seNices. Those persons who are interested in Betting involved In the Volunteer Centre's work are initially invited to attend the Boards. meetings as observers and to meet with the Chair 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 followin8 a vote of the current members. c. Organlsational Strutture and Decision Maklng Hammersmith & Fulham Volunteer Centre has a Board ofTrustees who meet every quarter and are responsible for the strate8ic direction and policy of the charity. The board delegates implementation of policy to a Chief Executive who supervises the staff team and volunteers. d. Related Partles None of the trustees reiVed remuneration or other benefit for their work with the charity. The charity has a wholly owned subsidiary, Work5 4U Limited, which focuses on employer supported volunteerlng initiatives as well as consultancy and training services. . 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 mitlgate exposure to major risks and maintain solvency. Page 2
Hammersmith & Fulham Volunteer Centre Trustees, Report OBJEcfivES AND ACTIVITIES Objectives and Publlc Benefit The objectives of the charity are: - The promotion of the voluntary sector for the benefit of the public, and - The relief of poverty Each year the Trustees review the activities of the charity to ensure that they remain in line with the objectives. Trustee5 have considered the Charity Commission's general guidance on public benefit and in particular the supplernentary 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. ACHIEVEMENTS AND PERFoRNcE Going Concern After makin8 appropriate enquires, the trustees have a reasonable expectation that the wmpany has adequate resources to continue in operation for the foreseeable future $0 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 Accountin8 Policies. Review of Activitles Volunteerlng has Changed How people want to volunteer in the UK has fundamentally chan8ed. In the same way that traditional broadcast television has declined, but the desire to watch television has not declined, it has changed as people want to watch to stream content on demand at a time that suits them, the same has happened with volunteering. People still want to volunteer but they want to do it when it fits in with their chan8in8 schedule. Hammersmith & Fulham Volunteer Centre IHFVCI is supporting volunteer involving organisations in the borough to adapt to this change and offer more flexible volunteering programmes. but it is not a one size fits Harnmersmith & Fulham Core Volunteering Report HFVC continues to act as the lead volunteering agency for the London Borough of Hammersrnith and Fulham with one of its key functions to match individuals wanting to volunteer with volunteering opportunitie5 in charities and not for profit organisations across Hammersmith and Fulham. HFVC seNices adapt to the needs of the individuals and volunteer involving organisations It serves and operates a hybrid setvice. mixing virtual and in-person support. This in-person service is delivered through outreach in multiple locations across the borou8h. HFVC held Volunteer Fairs and continued to support groups with volunteer recruitment and advice. It used its website and social media to provide information and resources to Volunteer Involving Organisations IVIOS), and Residents. It also used phone, Zoom, Teams and Google Meets to provide support. HFVC continues to provide on average 15-20 advice sessions weekly to individuals With the focus on helping with volunteer role searching and applications those with extra support needs. includin8 long-term unemployed, low confidence, andlor poor digital literacy. disability, mental health, or substance misuse issues, Page 3
Hammersmith & Fulham Volunteer Centre Trustees, Report The continued support of the volunteer application on behalf of clients remains a key part of the successful process especially a5 many residerbts have limited access to internet or computers/ smartphones. HFVC works as part of a Matrix programme with the Macbeth Centre, Adult Learnin& H&F Works and the National Career servitr. as well as with the Show Trust and the Job Centres. weekly and monthly sessions allows US to reach a wide audience. These organisations also refer clients back to us, Outreach and satellite seNice We continue to offer weekly in person interview and information sessions at the Macbeth Centre open to residents and learners. We also used the opportunity to book phone and online interviews separately or as follow up. Monthly sessions with groups of residents followed by one-to-ones and periodic information sessions at the job centres and The Shaw Trust allow face to face support especially for those not comfortable with on-line applications or confident to apply in person or by phone. We are able to refer directly to support at the locations we operate in for example entry level Computer Training or support for people with Low Mood or other issues. Volunteerin into Em lo ment Through our partnership work with ALSS. local JCPS, The Shaw Trust, H&F Works and the National Career service we have been able to assist residents not only with volunteer placements to gain experience, skills. and a reference, but also trainlng, CV help and barrier specific support. We continue to match residents wlth volunteering placements that directly complement their training and or their job aspirations. We also refer residents to trainin8 Opportunities if those are more suitable. ort for Or anisations We provided l-l support to groups and advertised new opportunities for 8roups. Recruitment and retention and fundraising have again been highlighted as the key issues for groups when looking to work with volunteers. We have signposted groups to Sobus and online funding resources. Apart from the l-l support we signposted groups to regional and national training on safe8uardin& managing communit¥ hubs and shared spaces, GDPR and a number of other on-line resources. We provided specific support on finding and recruiting Trustees and retaining volunteers. Adult Learnin and Skills We are part of the Adult Learning programme with ALS. SEN. H&F Works lex Workzone). and NCS. We provided advice sessions to learners and contributing templates and policy documents to the programme as well as taking part in the regular online meetings. We continue to fom) part of the IAG programme accredited through Matrix and regularly meet to monitor and improve the service. Tacklin ital Exclusion We are still offering phone support to prospective volunteers with low or no digital skills, to access opportunities and service5. We continue referring any residents with barriers to various Digital Inclusion programmes that our partners offer, and we help recruit trainers for. This includes the Macbeth Centre, The Creighton Centre, as well as the libraries and other Council supported sights. Residents still report struggling with lack of equipment, internet access, or resources to use mobile data. Page 4
Hammersmith & Fulham Volunteer Centre Trustees, Report Librarles We continue to support the Library Service in recruiting new volunteers and young ambassadors, we have been promoting the language support and digital inclusion programmes that are operating. We are promoting and recruiting for ESOL and other language course5 and groups that are hosted there. We still recruit for a number of Home Book schemes and outdoor reading groups including the Doorstep Library. Youn er Volunteers We are promoting volunteering to younger people through 6th form colleges and BPP university. This includes overseas students studying and resident in Hammersmith and Fulham. We also support any residents over 16 that contatt us or suitable adults acting on their behalf. We recognise that many young people have lost out on any formal opportunityto engage in work experience overthe lastfew years so we are working with groups to try and maximise the number of roles available that can be accessed by younger people especially as insurance often prohibits 8roups taking volunteers under 18. Safe uardin We have amassed a number of policy and advice materia15 to support groups of all sizes that have been operating over the last few years. This can be from lone or safe working/volunteerin8 to accessing suitable insurance cover. We advise on the proper applitation of DBS checks to unpaid roles and volunteering. This along With the traditional support around safe recruitment and referral to safe8uardln8 teams. We adhere to the Safeguarding policies and frameworks of LBHF. H&F Communi Resilience Alliance HFVC has won funding from the GLA to help bring togetherthe voluntary and community sector and H&F Council Emergency Response Team. The application was put tO8ether in partnership with the Emergency Response Team and we look forward to beginning work at the end of next quarter. The fundinÉ is for an initial 6 months but we are hopeful this will develop further. Works4U Implementing our strategy Works4U {not-for-profit social enterprise) has continued to grow and expand its work based on success in the previous year. Works4U was commissioned to lead on a major and influential piece of work called the London Vision for Volunteering which was published in March 2025. Thi5 report engaged volunteer stakeholder5 from every borough in London to produce 36 practical and strategic recommendations which together act as 3 blueprint for developing volunteering not just in London but for the rest of the UK. Works4U also obtained clients for its Lead Volunteering Organisation (LVOI quality standard and launched a new service called Board Ready. Works4U won more awards,. Best Employee Volunteering Social Enterprise 20241UKI - Wealth & Finance International M8na8ement Consulting Awards Non-Profit Qrganisation Awards Winner: Most Empowerin8 Employee Volunteering NPO 2024 IUKI Community Volunteering Organisation of the Year- 2024/25 GLOBAL Awards Page 5
Hammersmith & Fulham Volunteer Centre Trustees, Report Partnership WOlfi8 and collaboratlon HFVC is committed to working in partnership and collaboration with organi5ations and companies for the benefit of Hammersmith & Fulham residents. HFVC works closely in partnership with its 'siste¢ organisation, Volunteer Centre Camden to deliver successful projects and with a shared CEO and Finance Manager as well as collaboration on volunteer infrastrutture 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. FINANCIAL REVIEW During the year the charity was in receipt of income of £145,47812024: £156,834) and expenditure of £135.36012024: £175.0921 resulting in a surplus/defitit of £10.11812024: deficit of £18.2581 for unrestricted funds and break even for re5trtrted funds. More details are provided in the financial statements. The charity had unre5trirted reserves of £88,717 (2024.. £78,599) at the end of year, and restricted serveS of £1,55712024-, £1,557). 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 re aware of the very difficult climate that exists for charities of this size. Ststement of trustees, responsibilitles The trustees (who are also the directors of Hammersmith & Fulham Volunteer Centre 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 Accountin8 standards {United Kingdom Generally Accepted Accounting Practicel, including FRS 102 "The Financial Reportin8 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. Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial 5t3tements unless they are satlsfied 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 its income and expenditure. of the charitable company for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and apply them consistently- observe the methods and principles in the Charities SORP- make judgements and estimates that are reasonable and prudent- State whether applicable accounting standards. comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statement5; and prepare the financial statements on the going concern basis unless It is inappropriate to presume that the charitable company will continue in business. Page 6
Hammersmith & Fulham Volunteer Centre Trustees, Report The trustees are responsible for keeping proper accounting record5 that can disc105e with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are a150 responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irre8ularities, The trustees are responsible for the maintenance and integrity of the corporate and f inancial information included on the charitable company's website. Legislation goveming the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Small companies provision statement This report has been prepared in accordance with the small companies regime under the Companies Act 2006. The annual report was approved by the trustee5 of the charity on 16 December 2025 and signed on its behalf bv.. Charles orsyth Chairman and trustee Page 7
Hammersmith & Fulham Volunteer Centre Independent Examiner's Report to the trustees of Hammersmith & Fulham Volunteer Centre ('the Company,) I report to the charity trustees {who are also Directors for the purpose of company lawl on my examinatlon of the accounts ofthe Hammersmith & Fulham Volunteer Centre I'the charitable compan) for the year ended 31 March 2025 which comprise the Statement of Financial Activities. the Balance Sheet and related note5. 10 23 This report15 made solely to the charitvs trustees, as a bodytr in accordance with section 145 of the Charities Act 2011. My work has 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 a55ume responsibility to anyone other than the charity and the charivs trustees as a body. for my work. for this report, or for the opinions I have formed. Re5ponsibllltles and basis of report A5 the charitrfs trLSStee5 of Hammersmith & Fulham Volunteer Centre you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 ACY). Having satisfied myself that the account5 of Hammersmith & Fulham Volunteer Centre are not required to be audited under Part 16 of the 2006 Act and are eligible lor independent examination, I report in respect of my examination of your charitys accounts as carried out under sectlon 145 of the Charities Act 20111'the 2011 Adl. In carrying out my examination I have followed the Dirertions given by the Charity Commission under section 14515)Ibl of the 2011 Act. AD independent examination does not involve Bathering all the Èvidence that would be required in an audit and consequèntly does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning 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 examiner's ststement. Independent eyaminels statement 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- accounting record5 were not kept in respect of H3mmersmith & Fulham Volunteer Centre as required by section 386 of the 2006 Act; or 2. the account5 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 3 '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 reportin8 by charities applicable to charities preparing their accounts in accordan with the Financial Reportlll8 Standard applicable in the UK and Republic of Ireland IFRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in thls report in order to enable a proper understanding of the accounts to be reached. Page 8
Hammersmith & Fulham Volunteer Centre Independent Examiner's Report to the trustees of Hammersmith & Fulham Volunteer Centre ('the Company.) rim Sullivan FCA Field Sullivan Limited 9 Hare & Billet Road Blackheath SE3 ORB Pa8e 9
Harnmersmlth & Fulham Volunteer Centre (Registratlon number: 03176924) Balance Sheet as at 31 March 2025 2025 2024 Note Current assets Debtors Cash at bank and in hand 13 89,603 9,764 76,906 17,669 14 99,367 94.575 Creditors: Amounts falling due withln one year 15 {9,093) (14,4191 Net assets 90,274 80,156 Funds of the charity: Restilcted income funds Restricted funds 1.557 1,557 Unrestrlcted intome funds Unrestrlcted funds 88,717 78,599 Total funds 17 90,274 80,156 For the financial year ending 31 March 2025 the charity was entitled to exemption from audlt under section 477 of the Companie5 Art 2006 relating to small companies. Directors, responsibilities: The members have not required the tharity 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 statements have been prepared in accordance with the special provisions relatin8 to companies subject to the small companies regime within Part IS ofthe Companies Act 2006. The financial statements on pages 10 to 23 were approved by the trustees, and authorised for issue on 16 December 2025 and si8ned on their behalf by: Charles Chairman and trustee The notes on pages 12 to 23 form an integral part of these financial statements. Pa8e 11
Hammer5mlth & Fulham Volunteer Centre Notes to the Financial Statements forthe Year Ended 31 March 2025 I Charfty 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 £1 towards the assets of the charity in the event of liquidation. The addre55 of its registered office is: Fulham Library 598 Fulham Road London SW6 5NX These financial statements were authorised for issue by the trustees on 16 December 2025. 2 A(Unting pollcies Summary of siEnlfieant accounting policies and key accounting estlmates The principal 3ccountin8 policies applied in the preparation of these financlal statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. Statement of compllance The financial 5tstements have been prepared in accordance with Accounting and Reporting by Charities: ststement of Recommended Practice applicable to charities preparin8 their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191- (Charities SORP IFRS 1021- Second edition October 20191, the Financial Reportlng Standard applicable in the UK and Republic of Ireland IFRS 1021. They also comply with the Companies Act 2006 and Charities Att 2011. Basis of preparatlon Hammersmith & Fulham Volunteer Centre meets the definition of a public benefit entity under FRS 102. Assets and Siabllities are init1211y recogni5ed at historical cost or transaction value unless Otherwise stated in the relevant accountin8 policy notes. Goingconcern The trustees consider that there are no material uncertaintie5 about the charity's ability to continue as a going concern nor any Significant areas of uncertainty that affect the carrying value of assets held by the charity. Exemption 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. Page 12
Hammersmith & Fulham Volunteer Centre Notes to the Flnancial Statements forthe Year Ended 31 March 2025 Judgements and key sources of estlmation uncertalnty In the application of the charity's 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. Actual results may differ from these estimates. The estimate5 and underlying assumptions are reviewed on an ongoin8 basis. Revisions to accounting estimates 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 charity has entitlement to the Income, it is probable that the income will be received and the amount of the incorne receivable can be measured reliably. Gmnts 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 conditions are attaehed to the 8rant 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. Deferred 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 grant 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. ExpendIre 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 headin8 that aggregate similar costs to that category. Where costs cannot be dirertly 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 charBes allocated on the portion of the asset's Use. Other support costs are allocated based on the spread of stsff costs. Rai5ingAunds These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds. Choritable octlvhies Charitable expenditure comprises those costs incurred 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. Page 13
Hammersmith & Fulham Volunteer Centre Notes to the Financial Statements for the Year Ended 31 March 2025 Support costs Support costs include central funrtions and have been allocated to activity Cost categories on 3 basis consistent with the use of resources, for example, allocatin8 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 attributable to the charitvs compliance with constitutlonal and ststutory requirements, including audit. strategic management and trustees meetin8s and reimbursed expenses. Taxatlon 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 definition of a charitable company for UK corporation tax purposes. Accordingly. the charity is potentially exempt from taxation in respect of income or capital gains received within categorie5 covered by Chapter 3 Part 11 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. Tangible fixed assets Individual fixed assets costing £1,000 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment1055es. Depreciation and amortlsation Depreciation is provided on tangible fixed assets $0 as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows.. Asset class Office and computer equipment Depreciation method and rate 3 year straight line Trade debtors 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 collect all amounts due according to the original terms of the receivables. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid Investments that are readily convertible to a known amount of cash and are subjert to an insignificant risk of change in value. Pa8e 14
Hammersmith & Fulham Volunteer Centre Notes to the Flnancial Statements for the Year Ended 31 March 2025 Trade creditors Trade creditor5 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 transartion price and Subsequently measured at amortised cost Using the effective interest method. Fund structure Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity. Designated funds are unrestrlcted funds set aside for specific purposes at the discretion of the trustees, Restrirted 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. Pensions and other post retirement obligations The tharity operate5 a defined contribution pension stheme which is a pension plan undèr 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 Activitie5 when they are due. If contribution payments exceed the contribution due for service, the excess is reco8nised as a prepayment. 3 Income from donatlons and legacies Vnrestricted funds General Restricted funds Total 2025 Totsl 2024 Grants. including capitsl 8rants- Community Champions LBHF London Plus 23,342 101,850 105,924 105.924 8,300 8,300 105.924 8,300 114,224 125,192 Page 15
Hammersmith & Fulham Volunteer Centre Notes to the Financial Statements forthe Year Ended 31 March 2025 4 Other Income Unrestrirted funds General Totsl 2025 Total 2024 Secondment fees Other income 31,200 54 31,200 54 31.200 442 31,254 31,254 31,642 5 Expenditure on raising funds al Costs of generating donatlons and legacles Unrestricted funds General Total 2025 Total 2024 Note staff Costs 5.691 5,691 5.691 6 Expenditure on charitable activities Total 2025 Totsi 2024 Note Freelance Membership & subscriptions Publicity Mobile phone, travel & subsistence Volunteers events 875 71 59 30 412 400 Rates 112 Insurance 1,234 75 Meetings & conferences Travelling Staff costs 42 34,933 94,170 50,139 116,518 Support costs 129,669 169,401 In addition to the expenditure analysed above, there are also support costs of £94,17012024- £116.518> which relate directly to charitable activities. See note 7 for further details. Pa8e 16
Hammersmith & Fulham Volunteer Centre Note5 to the Financial Statements forthe Year Ended 31 March 2025 7 Anatysis of governance and support costs Support costs Total 202S Totsl 2024 Stsff costs Wages and salaries Premises costs 81,841 2,800 181 104,946 2.393 Rates Insurance 1,203 5,665 35 Office expenses Trade subscriptions Independent examiner's fee Independent examiner's fee under provision in prior year Legal and professional fees 7,166 2,250 182 13 2,000 13 94.170 116,518 8 Net incomlngloutgoing resources Net incomin811outgoin81 resources for the year include: 2025 2024 Operating leases 2,568 2,920 9 Trustee5 remuneration 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. Page 17
Hammersmith & Fulham Volunteer Centre Notes to the Financial Statements for the Year Ended 31 March 2025 10 Stsff costs The aggre8ate payroll costs were as follows- 2025 2024 Staff costs durin8 the year were". Wa8es and salaries Social security costs Pension costs 111,177 5,783 5.505 140,511 7,612 5.933 6.720 Redundancy costs 122,465 160,776 The monthly average number of persons (including senior management I leadership team) employed by the charity during the year expressed as full time equivalents was as follows: Z025 No 2024 No Charitable activities Management and administration No employee received emoluments of more than £60,000 durin8 the year. The total employee benefits of the key mana8ement personnel of the charity were £42,24012024 - £56,908). Page 18
Hammersmith & Fulham Volunteer Centre Notes to the Financial Statements for the Year Ended 31 March 2025 11 Taxatlon The charity is a registered charity and is therefore exempt frorn taxation. 12 Tangible fixed assets Furnlture and equipment Total Cost At l April 2024 Disposals 7.000 {7.0001 7,000 {7,000 At 31 March 2025 Depreclation At l April 2024 Eliminated on disposals 7,000 17,0001 7,000 17,0001 At 31 March 2025 Net book value At 31 March 2025 At 31 March 2024 13 Debtors 2025 2024 Trade debtors 216 275 2,242 Prepayments Accrued income 1,553 800 87,034 Other debtors 74,389 89,603 76,906 14 Cash and cash equivalents 2025 2024 Cash on hand Cash at bank 314 9,450 314 17,355 9,764 17,669 Page 19
Hamrnersmith & Fulham Volunteer Centre Notes to the Financial Statements for the Year Ended 31 March 2025 15 Credltors: amounts falling due within one year 2025 2024 Trade creditors 6.000 42 Other taxation and Social Security Other creditors Accruals Deferred income 3.397 2.250 5,980 5,000 9.093 14.419 2025 2024 Deferred income at l April 2024 Resources deferred in the period Amounts released from previou5 period5 5,000 5.IX)O 15,0001 Deferred income at year end 5,000 16 Penslon and other schemes Defined contribution pension stherne 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 £5.50512024- £5.933). Page 20
Hammersmith & Fulham Volunteer Centre Notes to the Financial Statements for the Year Ended 31 March 2025 17 Funds Balance at I Aprll 2024 Incomin8 resources Resources expended Balance at 31 March 2025 Unrestrirted funds Geneml General Funds 67,599 137,178 1127,0601 77,717 De5iqnated Contingency Reserve Fund 11.000 11,0 Total unrestrirted funds 78,599 137.178 1127,060} 88,717 Restrirted funds D R Edwards & Bishop Kin8's Fulham 1.557 1.557 London Plus 8,3C 18,3001 1,557 8.300 18,3001 1,557 Tolal funds 80.156 145,478 1135.3601 90,274 Balance at I Aprll 2023 Incomlng resources Resources expended Balance at 31 March 2024 Unrestricted funds Geneml General Fund5 85.857 133,492 1151,750} 67,599 Designated Contingency Reserve Fund 11,000 11,000 Total unrestrlrted funds 96,857 133,492 1151,750} 78,599 Restricted funds Community Champion5 D R Edwards & Bishop King's Fulham 23,342 123,3421 1,557 1,557 1,557 23,342 123,342) 1.557 Total funds 98.414 156.834 1175,092) 80,156 Page 21
Hammersmith & Fulham Volunteer Centre Notes to the Flnanc5al Ststements for the Year Ended 31 March 2025 The specific purposes for which the funds are to be applied are as follows.. DESIGNATED FUNDS Contingency reserve fund The Trustees have estsblished 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 ongoing commitments, RESTRIED 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 Councll and Hammersmith & Fulham Clinical Commissioning Group aims to improve key health issues in this deprived area utilising volunteer community champions. D R Edwards & Bishop King's Fulham This furiding supported health and wellbeing in the area of benefit supported by Dr Edwards & Bishop Kins and delivered through the Community Champions pro8ramme. London Plus Extreme Heat Exercise1£8001 Greater London Authority IGLAI funded project to support Hammersmith & Fulham voluntary sector organisations to be aware and prepared for times of Extreme Heat, helping to increase community resilience in the borough. Community Resilience Grant1£7,5001 Greater London Authority IGLAI funded project to work closer with the emer8enry response team at Hammersmith & Fulham Council and to support development of community resilience of voluntary sector organisations in the borou8h. 18 Analysis of net assets between funds Unrestritted funds General Total funds at 31 March 2025 Restrirted funds Current assets 97,810 19,0931 1,557 99,367 (9,0931 Current liabilities Total net assets 88,717 1,557 90,274 Page 22
Hamrnersmith & Fulham Volunteer Centre Notes to the Financial Statements for the Year Ended 31 March 2025 Unrestricted funds General Total funds at 31 March 2024 Restricted funds Current assets Current liabilities 93,018 114.4191 1,557 94.S75 (14,4191 Total net assets 78.599 1,557 80,156 19 Related party transactions The charity controls 100% of the voting rights of its subsidiary company Works4U Limited la company limited by guarantee). During the year the charity entered into the following transactions with works4U Limited: 2025 2024 Debtor as at i Aprll Net recharges of incomel(expendlture} Debtor as at 31 March 74,389 72,082 12,645 2.307 87,034 74,389 Page 23