REGISTERED COMPANY NUMBER: 03352359 (England and Wales) REGISTERED CHARITY NUMBER: 1063661
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 30 March 2025
for
Vauxhall Neighbourhood Council Limited
V & R Accountancy Services Limited Chartered Certified Accountants Cropton House Three Tuns Lane Formby Merseyside L37 4AQ
Vauxhall Neighbourhood Council Limited
Contents of the Financial Statements for the Year Ended 30 March 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | to | 7 |
| Notes to the Financial Statements | 8 | to | 13 |
Vauxhall Neighbourhood Council Limited (Registered number: 03352359)
Report of the Trustees
for the Year Ended 30 March 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 March 2025. The trustees have adopted the provisions of 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 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
During the year Vauxhall Neighbourhood Council (VNC) has continued with its principal activity of promoting the interests of the inhabitants of Vauxhall and its immediate environments by providing services to protect good health, relieve hardship and distress, advance education and promote other activities which are beneficial to the community.
The company is a community organisation providing support and advice to local residents as well as access to community facilities and it is also an umbrella group for other local community organisations. VNC's main objective to date has been to strengthen local neighbourhoods and empower residents whilst improving the range and quality of local service provision to meet the diverse and changing needs of people living in a very deprived area of Liverpool.
The Trustees have paid due regard to the public benefit guidance issued by the Charity Commission in deciding what activities the Charity should undertake.
It has been another challenging year for the organisation and the development strategy has been reviewed and updated accordingly to help improve sustainability. Additional support within the areas of business development, financial management and project management have continued to enable the organisation to grow and build on what has been achieved to date and ensure the achievement of core aim and encapsulated within the mission statement:
"To relieve hardship, improve education, preserve good health, promote employment opportunities, and to provide and assist in the provision of facilities in the interest of social welfare and recreational activities of the community".
This is needed now more than ever and VNC has a strong direction and will to make this happen.
The accounts do show an unrestricted deficit position however there has been significant improvement to the building and associated grounds as seen in additions to fixed assets. The trustees are optimistic that the improvements will lead to additional income generation to contribute to sustainability for the charity.
The organisation has continued to respond and react proactively to changing local needs by stepping up and providing support to those most vulnerable within the communities in which we work and the trustees are fully committed to continuing to do so.
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Vauxhall Neighbourhood Council Limited (Registered number: 03352359)
Report of the Trustees
for the Year Ended 30 March 2025
ACHIEVEMENT AND PERFORMANCE
Charitable activities
VNC continue to provide a much-needed community food pantry where local residents can access food and shopping bundles. This continues to be a lifeline for many and a vital part of the work of VNC. The members of the food panty also benefit from signposting to other support services such as debt and welfare advice, support groups and recreational activities.
VNC have continued to deliver Youth Holiday, Activity and Food Projects through half-terms, Easter, Summer and Winter breaks to provide a full programme of activities as well as substantial hot food through the day. This is a vital offer to local young people and embedded within the work of VNC to continue helping to strengthen local neighbourhoods. VNC also provide activities for a range of groups these include community engagement meetings, pensioners bingo, and seasonal themed events.
VNC continues to be home to a number of tenants that provide valuable services to the wider community and there is the potential for this to grow. Amongst the tenants is the Vauxhall Community Law and Information Centre, who provide crucial service with access to justice for the community on a range of social welfare issues.
Collaborative working between VNC and Alt Valley Community Trust continues to go from strength to strength. Alt Valley have financially supported VNC to enable them to meet the current challenges and the collaboration extends the reach and support the VNC are able to provide to greater numbers.
VNC also provides space for a number of local groups operating across the VNC catchment area who may struggle to meet without this support and this further enhances the help VNC are able to provide to help reduce hardship as well as promoting a range of activities.
FINANCIAL REVIEW
Total incoming resources for the year amounted to £362,119 (2024: £165,009) and total resources expended amounted to £342,192 (2024: £303,903) giving a surplus of £19,927. Expenditure for the year includes depreciation against assets and deficit on disposal of assets of £127,717.
It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to three month's expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Charity's current activities while consideration is given to ways in which additional funds may be raised. The Trustees do recognise that free reserves need to be increased and are continuing to implement the strategy for sustainability that has been created and continuously review options to improve the current position.
The Trustees remain satisfied that the charity is a going concern.
The Trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
FUTURE PLANS
The food pantry is going from strength to strength but greater provision is still required in the local community and in the future, we aim to further increase this provision. VNC will continue to provide Youth Holiday Activity Projects subject to continued funding and we aim to support additional community groups to further enhance local provision by providing space wherever possible. The newly refurbished facilities have reinvigorated the centre and provide a plethora of opportunities that the trustees are keen to develop as the VNC moves forward.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
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Vauxhall Neighbourhood Council Limited (Registered number: 03352359)
Report of the Trustees
for the Year Ended 30 March 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appointment of new trustees
The trustees following the AGM will appoint the officers and can also appoint co-opted/advisory members who can retain office without voting rights until the next AGM. Sub committees and advisory committees can also be established by the Committee as and when required to carry out various functions such as development, personnel, membership, finance, policy etc. No subcommittee has delegated powers to operate or incur expenditure without the Committee of Management approval.
New trustees are made aware of their responsibilities under charity and company law and are appraised as to the aims and operation of the charity.
Remuneration of senior staff is benchmarked against similar organisations.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
03352359 (England and Wales)
Registered Charity number
1063661
Registered office
Vauxhall Millennium Resource Centre Silvester Street Liverpool Merseyside L5 8UX
Trustees
J Donnelly A Jennings R Morley Mrs P Connolly
Independent Examiner
V & R Accountancy Services Limited Chartered Certified Accountants Cropton House Three Tuns Lane Formby Merseyside L37 4AQ
Approved by order of the board of trustees on 23 December 2025 and signed on its behalf by:
J Donnelly - Trustee
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Independent Examiner's Report to the Trustees of Vauxhall Neighbourhood Council Limited
Independent examiner's report to the trustees of Vauxhall Neighbourhood Council Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 March 2025.
Responsibilities and basis of report
As the charity's 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 charity'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 your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, 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:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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
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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.
G J Rummens FCCA
The Association of Chartered Certified Accountants
V & R Accountancy Services Limited Chartered Certified Accountants Cropton House Three Tuns Lane Formby Merseyside L37 4AQ
23 December 2025
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Vauxhall Neighbourhood Council Limited
Statement of Financial Activities
for the Year Ended 30 March 2025
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 106,647 Charitable activities Community pantry - Community activities - Investment income 2 21,594 Total 128,241 EXPENDITURE ON Charitable activities Community pantry - Community activities 290,690 Total 290,690 NET INCOME/(EXPENDITURE) (162,449) RECONCILIATION OF FUNDS Total funds brought forward 434,085 TOTAL FUNDS CARRIED FORWARD 271,636 |
Year Ended 30.3.25 Restricted Total funds funds £ £ - 106,647 4,550 4,550 229,328 229,328 - 21,594 233,878 362,119 2,321 2,321 49,181 339,871 51,502 342,192 182,376 19,927 7,334 441,419 189,710 461,346 |
Period 1.4.23 to 30.3.24 Total funds £ - 73,508 42,220 49,281 165,009 66,174 237,729 303,903 (138,894) 580,313 441,419 |
|---|---|---|
The notes form part of these financial statements
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Vauxhall Neighbourhood Council Limited (Registered number: 03352359)
Balance Sheet
30 March 2025
| Notes FIXED ASSETS Tangible assets 6 CURRENT ASSETS Debtors 7 Cash at bank and in hand CREDITORS Amounts falling due within one year 8 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 9 NET ASSETS FUNDS 11 Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted fund £ 755,749 8,470 45,109 53,579 (119,026) (65,447) 690,302 (418,666) 271,636 |
Restricted funds £ 170,544 - 19,166 19,166 - 19,166 189,710 - 189,710 |
30.3.25 Total funds £ 926,293 8,470 64,275 72,745 (119,026) (46,281) 880,012 (418,666) 461,346 271,636 189,710 461,346 |
30.3.24 Total funds £ 876,486 3,769 27,592 31,361 (13,158) 18,203 894,689 (453,270) 441,419 434,085 7,334 441,419 |
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
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continued...
Vauxhall Neighbourhood Council Limited (Registered number: 03352359)
Balance Sheet - continued
30 March 2025
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 23 December 2025 and were signed on its behalf by:
J Donnelly - Trustee
The notes form part of these financial statements
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Vauxhall Neighbourhood Council Limited
Notes to the Financial Statements
for the Year Ended 30 March 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost Fixtures, fittings and equipment - at variable rates on reducing balance
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
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Vauxhall Neighbourhood Council Limited
Notes to the Financial Statements - continued for the Year Ended 30 March 2025
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| Period | ||
| 1.4.23 | ||
| Year Ended | to | |
| 30.3.25 | 30.3.24 | |
| £ | £ | |
| Rents received | 21,591 | 49,281 |
| Other interest | 3 | - |
| 21,594 | 49,281 | |
| NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | ||
| Period | ||
| 1.4.23 | ||
| Year Ended | to | |
| 30.3.25 | 30.3.24 | |
| £ | £ | |
| Depreciation - owned assets | 91,224 | 93,516 |
| Deficit on disposal of fixed assets | 36,493 | - |
3. NET INCOME/(EXPENDITURE)
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 March 2025 nor for the period ended 30 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 March 2025 nor for the period ended 30 March 2024.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Period | ||
|---|---|---|
| 1.4.23 | ||
| Year Ended | to | |
| 30.3.25 | 30.3.24 | |
| Staff | 3 | 2 |
No employees received emoluments in excess of £60,000.
continued...
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Vauxhall Neighbourhood Council Limited
Notes to the Financial Statements - continued for the Year Ended 30 March 2025
6. TANGIBLE FIXED ASSETS
| Freehold property £ COST At 31 March 2024 4,322,015 Additions 177,524 Disposals - At 30 March 2025 4,499,539 DEPRECIATION At 31 March 2024 3,513,535 Charge for year 89,990 Eliminated on disposal - At 30 March 2025 3,603,525 NET BOOK VALUE At 30 March 2025 896,014 At 30 March 2024 808,480 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Other debtors 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other loans (see note 10) Trade creditors Social security and other taxes Other creditors Accruals and deferred income |
Fixtures, fittings and equipment £ 725,651 - (536,613) 189,038 657,645 1,234 (500,120) 158,759 30,279 68,006 30.3.25 £ 790 7,680 8,470 30.3.25 £ 54,157 59,896 1,010 963 3,000 119,026 |
Totals £ 5,047,666 177,524 (536,613) 4,688,577 4,171,180 91,224 (500,120) 3,762,284 926,293 876,486 30.3.24 £ 790 2,979 3,769 30.3.24 £ 6,000 3,986 172 - 3,000 13,158 |
|
|---|---|---|---|
continued...
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Vauxhall Neighbourhood Council Limited
Notes to the Financial Statements - continued for the Year Ended 30 March 2025
9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
| Other loans (see note 10) 10. LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Other loans Amounts falling between one and two years: Other loans - 1-2 years Amounts falling due between two and five years: Other loans - 2-5 years 11. MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds Veolia Environmental Trust Awards for All Feeding Liverpool Arnold Clark Groundwork UK TOTAL FUNDS |
At 31.3.24 £ 434,085 - - 7,334 - - 7,334 441,419 |
30.3.25 £ 418,666 30.3.25 £ 54,157 33,731 384,935 Net movement in funds £ (162,449) 14,914 19,600 (1,327) 2,189 147,000 182,376 19,927 |
30.3.24 £ 453,270 |
|---|---|---|---|
| 30.3.24 £ 6,000 |
|||
| 121,688 | |||
| 331,582 | |||
| At 30.3.25 £ 271,636 14,914 19,600 6,007 2,189 147,000 |
|||
| 189,710 | |||
| 461,346 |
continued...
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Vauxhall Neighbourhood Council Limited
Notes to the Financial Statements - continued for the Year Ended 30 March 2025
11. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Veolia Environmental Trust Awards for All Liverpool Charity and Voluntary Services Workers Educational Association Feeding Liverpool Arnold Clark Groundwork UK Liverpool Council Sutton Croft TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Restricted funds Millennium Building Fund The 64 Trust Feeding Liverpool TOTAL FUNDS |
At 1.4.23 £ (304,709) 883,622 1,400 - 885,022 580,313 |
Incoming resources £ 128,241 14,914 20,000 2,700 12,500 11,014 2,500 150,000 2,550 17,700 233,878 362,119 Net movement in funds £ (144,828) - (1,400) 7,334 5,934 (138,894) |
Resources Movement expended in funds £ £ (290,690) (162,449) - 14,914 (400) 19,600 (2,700) - (12,500) - (12,341) (1,327) (311) 2,189 (3,000) 147,000 (2,550) - (17,700) - (51,502) 182,376 (342,192) 19,927 Transfers between At funds 30.3.24 £ £ 883,622 434,085 (883,622) - - - - 7,334 (883,622) 7,334 - 441,419 |
|---|---|---|---|
continued...
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Vauxhall Neighbourhood Council Limited
Notes to the Financial Statements - continued for the Year Ended 30 March 2025
11. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Veolia Environmental Trust The 64 Trust Liverpool Charity and Voluntary Services Feeding Liverpool St Andrews TNL Comminity Fund TOTAL FUNDS |
Incoming resources £ 49,281 9,740 - 32,480 14,353 500 58,655 115,728 165,009 |
Resources Movement expended in funds £ £ (194,109) (144,828) (9,740) - (1,400) (1,400) (32,480) - (7,019) 7,334 (500) - (58,655) - (109,794) 5,934 (303,903) (138,894) |
|---|---|---|
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 March 2025.
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