Southampton Voluntary Services {A Registered Charity & Company Limited by Guarantee> Trustees Report and Financial Statements For the Year Ended 31 March 2025 Charity number 1068350 Company number 3515397
Southampton Voluntary Services (A Rc%istei"¢d Charity an(1 Company Limited b), CJuArantee) I'rustees Report and Financial Statements for the year ended 31 March 2025 Contènts Page Report of the Executs've Committee" 1-12 Independent Examiner report 13 Slatement of financial activities 14 Balance sheet 15 Statement of cash flows 16 Notes to the financial statements 17-23
Southampton Voluntary Services Report of the F.xecutiiic Committee for the year ended 31 March 2025 The Executive Committee presents its report and the audited financial statements for the year ended 31 March 2025 Reference and administrative Information Charity name Charity registration number Company registration number Registered office & operational address Southampton Voluntary servIs 1068350 3515397 Voluntary Action Centre Kingsland Square. St Mary Street Southampton, S014 1 NW Executive Committee The following, who are considered directors for the purposes of Company law and Trustees for the purposes of Charity law, have served in office between the start of the year (or date of appointment if later) and the date of this report.. S Ramsey. K Liles" C Rogers" Chair Vice Chair Honorary Treasurer. Chair of Finan sub- Committee M J Carnegie D G Wrighton P Hull K Rowlinson P Aubrey-Harris' V Ugwoeme R Gowland-Pryde (Resigfted 201h March 2025) (Appoinied 15th May 2025) Denotes member tsl Finance Sub-committee Company secretary R Kurn Independent Examiner Morris Crocker, Station House, North Street, Havant. P09 1QU Bankers The Royal Bank of Scotland, 156 High Street, Southampton S014 2NP Barclays Bank UK plc, Eastleigh Bus Ctr, 20-25 Upper Market Street, Eastleigh, S050 9FD Virgin Money formally Clydesdale Bank plc, Bering House. Mariner Court, Clydebank G812NR Close Brothers, 10 Crown Place, London. EC2A 4FT Scottish Widows, PO Box 883, Leeds, LSI 9TY Solicitor Paris Smith, No. 1 London Road. Southampton S015 2AE
Southampton Voluntary Services Report of tlie Execiitive Conimiltee for the year ended 31 Marcli 2025 (eonlinutd) Our aims and objectives Pur oses and aims SVS'S purposes, our Charitable Objects, are stated in our Memorandum and Articles of Association and form the basis of our registration as a charity. These documents were prepared on incorporation in 1997 and I0 small amendments not affecting the Charitable Objects were made to the Articles of Association at the AGM in October 2007. Our Charitable Objects remain as set out in 1997, as follows- "To promote any charitable purposes for the benefit of the community in the area of the administrative authorities comprising the historic county of Hampshire (including Portsmouth and Southamplon) and in particular, the City of Southampton, and if the directors of the charily shall so decide, in any of the administrative authorities immediately adjoining, and in particular the advancement of education, the protection of health and the relief of poverty. distress and sickness." Ensurin our work delivers our aims We review our aims, objectives and activities each year and normally carry out a comprehensive re-appraisal every three years in the preparation of our three year Forward Plan documents. The annual reviews look at what we achieved and the outcomes of our work in the previous e1ve months. The review looks at the success of each key activity and the benefits they have brought to those groups of people we are set up to help. The review also helps us to ensure that our aims, objectives and activities remain focused on our stated purposes. We have paid due regard to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set. The Charitable Objects are summarised in SVS'S Vision, Organisational Values, Mission Statement and Key Aims which were reviewed and updated with input from trustees and stakeholders in early 2019. Whilst our established framework of three year forward planning has been less suited to the unprecedented levels of uncertainty we have been experiencing, in this reporting period we have commenced a process of Strategic Planning, to revisit and refresh our organisational strategic intentions. in line with our Charitable Obiects and public benefit, with engagement with all organisational stakeholders. This set of strategic intentions will be published in late 2025, alongside a re-fresh of our organisational values. vision, and mission. SVS'S Vision is of 'Southampton is a Glty where everyone is inspired to make positive contributions to their communities ' SVS'S Organisational Values are defined as: Passion SVS believes voluntary action is built on the passion of people and communities to make a positive difference., Inclusiveness - SVS believes that the voluntary ethtc is best upheld when organisations promote equality and diversity and are open, democratic, accessible and accountable to their users, members and the wider community., Independence- SVS will be a strong and independent voice for the seGtor. supporting best practice in autonomous organisations., Innovation SVS will support organisational resourcefulness, flexibilty and adaptability, through innovative, original icleas and creative solutions., Partnership - SVS is committed to positive partnership work to create shafed thinking and find solutions to meet local needs. The Mission Statement is that"SVS aims to support a vibrant voluntary and community sector with a strong voice and the best of support. SVS actively promotes voluntary action and the provision of essential services to vulnerable communities." The focus of our work Our main objectives for the year are summarised in our strapline, "Promoting Voluntary Action" and in the eight Key Aims which are.. Vojuntary Sector Support Services and support- SVS will promote the effectiveness of local voluntary and community groups by providing them with a range of services including access lo practical facilities, such as meeting rooms, office services, and more involved support through general and specialist advice and information including regular newsletiers, website, training and fu nding advice-
Southampton Voluntary Services Ileport of the fl X¢LUtive Committee for Ilie yeAr ended 31 March 2025 (¢ontinued) Liaison as a focal point for the local voluntary and community sector in Southampton, SVS will encourage neorkIng between individuals and gfOUPS Wlthin the sector, and between local gfOUPS and the statutory and private sectors. SVS will also help different communities to organise their own networking activity., Representation - with government encouraging involvement of voluntary and community groups in shaping and delivering services, SVS will enable the views of local groups to be represented strategically at local, regional and national levels, Development work - SVS will help identify gaps in service provision and work with groups to develop new and innovative services to meet these needs.. Strategic partnerships- SVS will work in partnership with local govemment and other statutory agencies to shape and deliver services to meet city needs,. Promoting volunteering and voluntary action SVS will use its resources to promote volunteering in Southampton and lo facilitate increased opportunity for voluntary action as an expression of active citizenship and civil society., SVS Serrfices Quality Services - SVS will deliver good quality serVIS to meet the individual needs of vulnerable communities.. Governance Governance and performance - SVS will demonstrate best practice in governance by upholding the standards within the Good Governance Code for the Voluntary and Community Sector. How our activities deliver ublic benefit Our main activities and who we try to help are described in °who used and benefited from our services" and our achievements and performance in the year are assessed in the -review of the year" All our charitable activities are undertaken to further our charitable purposes, as embodied in our Charitable Objects, Vision and Mission Statement, for the public benefit. Who used and benefited from our services? Our wide-ranging Principal Activities are set out below together with the individuals and groups, mainly based within the city of Southampton, that benefit from these activities. Voluntary Sector Support". Developing. connecting. influencing and representing the voluntary and community sector through providing leadership, information. good practi, neorkS and capacity building-, Promoting Volunteering and Voluntary Action-. Involving volunteers. promoting volunteering and voluntary action in all sectors., Services to meet the needs of individuals: Community Roots: A recovery focused, allotment based horticultural project providing supported volunteering opportunities for people with additional support needs, including those who may have experienced mental health problems, substance and alcohol use, and homelessness. Healthwatch Southampton: The local consumer champion for health and social care. Healthwatch Southampton IHWS} listens to the views and experiences of the public and patients and uses its influence to affect commissioning and service provision decisions and practice. HWS also offers an information, advice and signposting service. Shopmobility.. Provision of wheelchairs and scooters to people with limited mobility enabling them to access the city centre and access shops, amenities and seNices independently. SO.'Linked: contract enabling delivery of SVS community development functions 21ongside community navigation to enable members of the public to find the support they need in the community. This work is led by SVS and delivered through subcontract arrangements with our partners Social Enterprise Link, Spectrum CIL, and TWICS. Summa review of the ear This summary review covers the period 1st April 2024- 31sI March 2025, a period characterised by a continuation of poor economic conditions impacting on our beneficiaries and continued restrainl in public spending. We have seen a continuation of reorganisation within our public sector bodies, alongside multiple transformation programmes as statutory bodies attempt to meet need within strict financial constraints. Amidst this bleak economic outlook there have been opportunities to look at how VCSE organisations work in partnership with the public sector to meet local need.
Southampton Voluntary Serviees Repoi't of the Executive Conimittee foi. the yeai. endeil 31 March 2025 (continued) SVS Executive Committee, our charity trustees and company directors, led by Chairperson Stephanie Ramsey, have shown great leadership through what has been an unTrrtain period. The Execulive Committee meet bi-monthly, and have also convened a number of sub-groups focusing on finance. organisational risk, strategy, and future contracts. Over the course of the year the recommissioning of early intervention and prevention work, delivered by the sector, has taken centre stage, with a plan to combine the existing activity delivered by multiple organisalions into one mega- contract, under the banner of SEAS (Southampton Early Help and Support). As the local infrastructure organisation. SVS has been pivotal in bringing the main providers together with commissioners to explore how this work could be contracted through different partnership models- work we expect to continue well into the next financial year. SVS has also led on the formation of a Southampton VCSE Alliance to foster closer working relationships with the local authority by resetting and reframing the sector's relationship as collaborative, as opposed lo transactional, in nature. Overarching themes of the year include.. Public Finances - continue to be under immense pressure, having a knock on effect on the sector. Changing Structures - following the restructure of health into Integrated Care Boards (ICBS) covering larger geographical footprints we are now preparing for the challenges and opportunities presented by both the formation of a Hampshire & Isle of Wight Mayoral Combined Authority. and Local Government Reorganisation, which will see Southampton grow as an Unitary Authority. Redesign I transformation - transformation has become the norm in order to meet public demand and deliver outcomes amid reducing resources. Whilst challenging to meet the pace of change and stay abreast of developments, transformation programmes are presenting opportunities to do things differently to achieve impact. Collaboration - a welcomed. and growing, realisation that sector organisalions need to stand together and collaborate if they are to suNive and thrive in the current climate. Cross sector collaboration has also gained traction during the reporting period. Uncertainty - recommissioning of local services mentioned above has led to high levels of uncertainty regarding future funding and delivery that has made planning and recruitment extremely difficult New opportunities - new partnerships have emerged over the year, presenting new and exciting opportunities. This has been most evident wrthin health and research. building on our relationships with Universities and Public Health. Sector su ort and infrastructure The SVS led SO: Linked programme "supporting Southampton's communities and people" continues to be the main delivery vehicle for ourcommunity development work. alongside partners TWICS and Social Enterprise Link. SO..Linked community navigation work has continued through our partner Spectrum CIL, albeit at a reduced level, whilst we have also developed a Hospital discharge navigation service. Other projects delivered under the SO=Linked banner have included= SO: LID - our Local Information Directory has provided a go to digital space to identify local services, support, activities, funding and more, and the offer has continued to grow over the year. This is an invaluable resource for OLir navigators, social prescribers in the city. the VCSE {Voluntary Community Social Enterprise sector), and statutory partners. Southampton Green Network this SVS neiwotk brings together over 50 organisations, of all sizes, to collaborate on the green l environmental agenda within Southampton_ The nebwork has worked closely with a University of Southampton researcher to develop impact measurement tools for green social prescribing, which were launched in autumn 2024. Social Prescribers Network convened by SVS this neiwork draws together practitioners across sectors involved in social prescribing_ The neOrk publishes a regular newsletter highlighting best practice and showcasing community activities SO: Lotto- our local lottery schemewith Gatherwell has continued over the year and has raised a total revenue of £59,595 and 59 good causes have benefitted. £6,450 of prizes have been distributed to players. Southampton VCSE Alliance- this nelwork has been initially developed lo foster closer working relationships with Southampton City Council. Whilst originally planned as a local health network the focus has changed owing to the formation of ICBS and the loss of place-based health focus.
Southampton Voluntary Services Repoi't of the Ei ieciitii'e Committee for the year ended 31 Mareh 20251¢ontinutdl Friday Forum - we continue our monthly collaboration focused Friday Forum for the sector with a different theme each month. The forum is well attended with beiween 15 - 65 organisations joining each month. Volunteering Development - SVS Volunteer Development Worker has driven foNard volunteering work throughout the year, developing our brokerage service, forming a volunteer coordinators nelwork, providing training and best practice advi, and raising the profile of volunteering Ihrough events and marketing. Leadership and Advoca¢y- our extensive neorkS mean we are well placed to ensure a strong, sector voice at the city's stiategic partnerships. This includes Adulls, and Children's, Safeguarding Boards, Safe City Partnership, Reducing Drug Harm Partnership. Children and Young People's Partnership Board, Health and Wellbeing Board, amongst others, and various working groups. This enables the sector a level of influence in the local policy environment, and ensures the sector are well sighted on local developments and opportunities for collaboration. Our Southampton VCSE Alliance will help strengthen these arrangements. providing a stronger representative base. Hampshire and Isle of Wight VCSE Health and Care Alliance (HIVCAI - this Integrated Care System wide collaboration aims to build stronger relationships and joint working. SVS CEO is a member of the leadership committee, focusing on place-based representation. Young Southampton - an alliance of local young people's organisations that aims to draw further investment into the city to support youth activities has been supported by SVS throughout the year in it's journey to becoming an established charity. SVS CEO has been a member of the steering group and has overseen the election process for the founding trustees. Currently SVS hosts Young Southampton and administers its finances. Group Support - supporting local organisations continues to be a key focus through training, acting as an electlDn commissioner. helping to resolve conflict, fi'nding funding, and all areas ofgovernance and management of an organisation Research Unit - our work in the community research space has continued to grow, with key work strands highlighted below. In.Resldence working closely with University of Southampton we published our Green Social Prescribing Impact Toolkit in Autumn 2024, having worked with four organisations from Southampton Green NeOrk. Funding has now been assigned for the programme to continue. We Value a collaborative project with University of Brighton and University of Southampton as part of the Infrastructure for Port Cities and Coastal Towns project to explore local shared values. This project ended in September 2024. Coproduction Corner- initially funded by the Centre for the South policy unit, this project is exploring how coproduction can form an integral part of policy development, and forming a local community of practice. A number of pilot projects were trialled throughout the year including Teenage Girls in Parks and Sustsinable Food NelMorks. The work has continued to be supported by University of SoLtthampton and Southampton Public Health Team. Health Determinants Research Collaboration a partnership beeen local universities, Southampton City Council, and SVS that aims to introduce a research and evidence based decision making structure into all of the council's work, with priorities set through public involvement and community engagement. SVS are involved in the steering group and public involvement and community engagement work. Our coproduction work dovetails well with HDRC'S aims. Services to the ublic Whilst the development and delivery of new public facing services is no longer a strategic priority for SVS, preferring to work collaboratively with our membership on such endeavours. we do still deliver some public services. Healthwatch Southampton (HWS) the refreshed Strategic Group have redesigned and streamlined the governance model during the year and are actively recruiting new members. Work in year has included people's experience of homecare, accessibÈ information standards audit, patient participation groups, dentistry in Southampton, and community mental health services. A new three year work plan has been published. Healthwatch Southampton's annual report is published on their website on 30lh June 2025. City Shopmobility as we prepared to close this project at the end of the last reporting period due to the funding being cut, West Quay shopping centre kindly agreed to fund this crucial local asset moving forward, avoiding the redundancy of two staff members and ensuring that local people with reduced mobility still have
Southampton Voluntary Services Report of the Executive Committee for the j'ear ended 31 Mareh 2025 {continueil) access to city centre amenities. Over the course of the year the project has enabled 1273 visits to the city centre. Community Roots the project has continued to flourish. suptM)rting drug service CGL'S clients on their recovery journey Referrals increased during the year with new groups being launched. The project also worked in collaboration with SCC to support people at risk of losing Iheir allotments due to ill health by helping to keep their plols tidy. Other highlights included working with a researcher from University of Southampton to develop impact measurement tools for the project as part of the In-Residence Green Social Prescribing Project. Finally. a massive thanks to all SVS staff, volunteers, and trustees for your respective contributions. You, our people, are SVS, biggest asset, and we couldn t do what we do without your teamwork, creativity and energy. Thanks. are also due lo our partners, supporters and funders. and SVS looks foward to your ongoing support into the future. The Role of Volunteers in our Service Provision In all aspects of SVS work arid service delivery we have teams of active volunteers who enhance our work and the services we offer to the public. Some ofour SVS volunteers have themselves experienced unemployment, whilst others have additional support needs or are in recovery from addictions or health problems, so our experience in working with and involving them provides an excellent grounding for the work we do in encouraging others to actively involve volunteers. SVS is proud and infinitely grateful for the commitment and contribution in terms of creativity, enthusiasm and the substantial donation of all our volunteers, time and effort, which to us is priceless. However, this contribution can be quantified in monetary value using the 2019 provisional median earnings from ASHE by Office of National Statistics. This means the sum of 2828 volunteer hours contributed by approximately 66 volunteers is equivalent to £45,021.76., 8 massive Contribution and we thank each and every one of you. Financial review Financial overview This is an increasingly challenging time within our sector with major funding uncertainties, a turbulent external environment and the increasing impact of procurement and tendering. We continue to face uncertainty over parts of our income and to deal with late decisions over funding income, but we plan, recognising that these 2re aspecls of the environment in which we operate. In this context, SVS achieved a planned outcome for the yearwith a net increase In its unrestricted general fund of £18,488 (note 13). Restricted funding will by its nature involve situations where funds are received in one year and spent in a different year, resulting in situations where net surpluses or deficits arise. In the current yeai our total Restricted funding reserves increased by £116,709 (2024.. decrease £48,163). Our reserves policy is set out in more detail below. The net movement in funds was £135,197 (2024. £50,466). The SVS Balance Sheet remains appropriate for aTI organisatior) of our size. with appropriate liquidity. ecifics Tolal incoming resources amounted to £824,882 compared with £742,414 for 2024. an increase ofc90/o. Total resources expended amounted to £689,685, a decrease of c8.50/0 compared with the previous year's figure of £792,881 Total funds at Ihe year-end amounted to £1.846,604 (2024- £1.711,407) which is made up as follows.. 2025 2024 Restricted reserves Designated reserves held for future project expenditure set aside for VAC depreciation and for essential future operating expenses see below 444,116 1,295,729 327,407 1,295,729 General reserves 106,759 88,271 Total funds 1.846,604 1,711,407 General reserves now stand at £106.759 (2024.. £88,271). The increase of £18,488 comprises the unrestricted surplus. As shown below, general reserves are in the form of current assets (100 % ) and fixed assets (NIL).
Southampton Voluntary Services Rei)oi't of the F,xecutive Committee for the Year ended 31 March 2025 (cigntinued) 2025 2024 Fixed assets Current assets- free reserves 1[,759 88,271 Total general reserves 106,759 88,271 The Charity's free reserves may decrease significantly, as future essential expenditure on fixed asset replacement becomes inevitable. Accordingly, these reserves are held principally to give some protection againstfuture uncertainties and are not available for short-term expenditure. Princi al fundin sources Voluntary SeGtor Support and Promoting Volunteering and Voluntary Action are funded through contracts from Southampton City Council (SCC) togetherwith sizeable contributions from the Hampshire & Isle of Wight Integrated Commissioning Board, Southampton University, West Quay Shopping Centre and various smaller funding streams, some ofwhich also derive trom SCC. The SVS Services are primarily funded through a mix ofgrants, contracts and charitable trusts. Fundraisin olic SVS welcomes donations and in-kind contributions from business and other supporters. especially with respect to our service delivery work to the public. SVS undertakes limited fundraising from the pijblic to support its voluntary sector support work where it is compatible with our aims and supportive to the many of the voluntary and community groups that we exist to support. SVS Services maintain annual fundraising activities lo sustain their basic services, and these have been increased universally in the past year in response to the constraints of public funding to ensure their sustainability to meet public needs. The Charity conducts all its fundraising activity in line with the Fundraising Regulator Code of Fundraising Practice and is pleased to confirm that it has recewed no complaints in relation to its fundraising activity over the Course of the 2024- 25 year. I nvestment olic The Executive Committee, having regard to the liquidity requirements of the charity and the reserves policy, have reviewed and operated a policy of keeping available funds in competitive interest-bearing deposit accounts and seek to achieve a rale of deposit interest which matches or exceeds inflation as measured by the retail prices index. However, due to the current economic climate, we have several fixed term bonds and are achieving slightly less than the current RPI inflation rate. The Executive Committee, mindful of public concern regarding the liquidity of banking instilutions, periodically review the allocation of funds to individu21 banks and have diversified the range of accounts held to maximise protection of funds under the banks guarantee system. The Executive Commiltee believes that SVS would be eligible to receive compensation through the Financial Services Compensation Scheme on the failure of a UK registered bank and considers that investment in four banks both minimises the risk of losing charitable funds and the risk of losing liquidity due to bank failure. Remuneration Polic The Directors and the board of Trustees and the senior management team comprise the key management personnel of the Charity. The charity Tru51ee5 ultimately hold the responsibility for setting the remuneration levels for the staff within the organisation including the senior staff. The individual salaries of senior staff membefs remain lower than £60,000. In 2013 the Executive Committee elected to move away from the NJC pay scales and to adopt a more standardised approach to pay structures and allow the organisation to focus on narrowing the gap between the highest and lowest paid staff. They chose to review any salary increaselpay award on a fixed amount rather than the percentage increase previously used, thus redLtcing ihe gap to attract and keep appropriately qualified staff. In line with our commitment to our lowest paid staff we have also adopted the Living Wage scheme within the organisation. As at the 31st March 2025 we calculated our gender pay gap as follows'.-
Southampton Voluntary Services Repoi't of the Executive Comniittee for the year ended 31 March 2025 {continiied) Median and mean male & female hourly earnings: Male Hly Earnings 20.65 Female Hly Earnings 20.66 Stngle Figure Pay gap Yo -.0.05¥0 -0.03Yo Difference Median -o.oi Mean 20.65 20.66 -0.005 Mean male & female hourly earnings by quartile: Mean Male Hly Earnings 27.27 Mean Female Hly Earnlngs Mean single figure pay gap% Difference Yo Male Y¢ Female Quartile I Quartile 2 Quartile 3 Quartile 4 27.27 IOOYO o, Oyo IOOYO 20.66 -20.66 20.66 14.03 20.66 loo% loo% 00 14.03 o¥, Reserves olic The Executive Committee has examined SVS'S requirements for reserves considering the main risks lo the organisation and in line with its policy to do so on an annual basis following delailed scrutiny 3nd recommendations by its Finance sub-committee which is itself guided by the Charity Commission guidance on charity reseNes. In light of the increased uncertainty around public sector funding and the unprecedented times duiing the Pandemic, the Executive committee has reviewed ils position and feel that due to recent experience and the prevailing climate, a more prudent approach is currently required and that its policy should be strengthened so thal the unrestricted funds and restricted project funds not committed or invested in tangible fixed assets held by the charity, should be at least 6 and if possible 12 months of the expenditure together with our best estimate of future capital expenditure in order to provide sufficient time to seek alternative funding or to properly wind down services if absolutely necessary in the event of loss of public sector funds. This is consistent with our assessed risk register which the Executive Committee and senior staff jointly review overall on annual basis and as required when substantive changes or developments occur relevant to specific areas identified on the risk register. The Charity needs reserves to enable it to continue to operate as an ongoing concern. The Executive Committee consider the reseNes held on the balance sheet to be at an adequate level, as sel out further below, to meet their responsibilities and commitments, protect and advance its current activittes. Based on budgeted expenditure for the year commencing 1st April 2024, the target is for free reserves of between £75,000 and £150,000 in unrestricted funds and of beeen £375,000 and £750,000 in restricted project funds. The reserves are needed to meet the working capital requirements oflhe charity and the Executive Committee are confident that at this level they would be able to continue in the short term the current activities of the charity in the event of a significant drop In funding. The present level of free u nrestricled reserves, being the unrestricted reserves excluding those represenled by fixed assets and those held for designated purposes, is £106.759 which falls within the target. The Executive Committee are satisfied that the level of free reserves is acceptable having taken note of SVS'S policy of increasing reserves together with the existence of certain designated reserves and recognising SVS'S expected future capital expenditure. The present level of free restricted reserves, being restricted reserves excluding those represented by fixed assets, is £444,116. The Executive Committee has concluded that these reserves are adequate based on the SVS Projects, policy of increasing reserves. In the short term the Executive Committee has also considered the extent to which existing activities could be curtailed, should such action be required. In volatile financial circumstances, having adequate reserves has meant that we have been able to avoid issuing precautionary redundancy notices linked to SCC or other bodies grants and tendering outcomes. Future Sustainabilil and The Green A enda As part of our commitment to the Green Agenda we are now monitoring our carbon footprint. We curreniiy have one building for which we will monitor. We also have solar panels which return to the grid.
Southampton Voluntary Services Report of the Ixecutive Commiltee for the year ended 31 Mareh 2025 {continued) Plans for the future eriod Our established cycle of Ihree year forward planning is currently less suited to the unprecedented level of uncertainty we are facing, as detailed elsewhere in this report. SVS Executive Committee are therefore taking a year-by-year approach to planning, supported by members, views arliculated in the SVS membership Suey. Structure, governance and management Governin document and member or anisations Southampton Voluntary Services (SVS> is a charitable company limited by guarantee. The company was established undef a Memorandum of Association which stated the objects and powers of the charitable company and is governed under its Articles Of Association. In the event of the company being wound up members are each required to contribute an amount not exceeding £1. There are currently over 432 members, mainly voluntary and community organisations that operate in Southampton and the surrounding area. Recruitment and A ointment of Executive Committee The directors of the company are also charity trustees for the purposes of charity law and under the company's Articles are known as members of the Executive Committee. Under the requirements of the Memorandum and Articles of Association the members of the Executive Committee are elected to serve for a period of three years after which they must be re-elected at the next Annual General Meeting, at whtch time members also vote annually for the Chair, Vice Chair and Honorary Treasurer. All members of the Executive Committee give their time voluntarily and received no benefits from the charity. Expenses reclaimed from the charity are set out in note 2 to the accounts. The Executive Committee monitors the skill requirements for the trustee body and carries out periodic specific reviews of skills and sector experience. When additional trLtstees are required or a trustee retires, nominations for election are sought from member organisations and vacancies are filled by suitable co-options in the interregnum. Trustee induction and trainin New trustees receive a detailed induction pack (including the Memorandum and Articles. the latest financial statements and the Charity Commission's guide "the Essential Trustee") and have an indCtion meeting with the Chief Executive. Feedback from new trustees about their induction has been very positive. Additionally, new and existing trustees are invited and encouraged to allend the regular trustee training sessions available to trustees of all member organisations via the SVS Trustee Development Programme. An annual Financial Management briefing is provided for the whole Executive Committee. The Trustee induction pack has been reviewed and updated during the year. Risk mana ement The Risk Assessment Report is updated and reviewed annually by the Executive Committee, focusing oft the major external and internal risks to which the charity is exposed. The new Charity Commission guidance was used to prepare and review the risk assessment. The key risks identified in the 202412025 risk assessment exercise were broadly in line with the previous reviews. short-term initiatives, arrears l outcome funding, late signing of contracts, delayed payments and adequacy of reserves to meet obligations diminishing funding pots., the loss of a key contracts from the increased pressures associated with tendering and procurement practices and reduced public expenditure and the associated reduction of services being commissioned changed political priorities from national and local government-, demographic and social changes with poverty and social exclusion, high deprivation and an increasing strain on SVS'S scarce resources including capacity to fully harness changes in the volunteering profile and enquiries., the charity's financial planning being adversely impacted by funding uncertainties and the impact of the other key risks set out here., increases in cost of living affecting beneficiaries and the financial stability of the charity, particularly in relation to longer term fixed-price contracts. reliance on key staff and impact on organisational memory in case of leaving. data security and safety., risk of cyberattack and potential fof inadvertent breaches of GDPR., financial pressures due to decreased revenue and fundraising opportunities. 10
Southampton Voluntary Seiwices Report of the Executive Committee for the )'ear ended 31 March 2025 Icontinuedl anisational Structure and Governance The organisational governance and management are headed up by an Executive Committee which meets five times a year. The Executive Committee consists of elected and nominated trustees. The Executive Committee is responsible for the slraleg ic management of all current work and for the oversight of development in line with its Vision, Mission Statement and Charitable Objects. At present the Committee h8s nine members from a variety of professional backgrounds relevant to the work of the charity. The Company Secrelary also attends the Committee but has no voling rights. The Committee has adopted the Good Governan Code for the Voluntary and Community Sector. The Executive Committee is supported by the Finance sUb0mmittee who scrutinise the details of the management accounts, look at relevant financial issues and make recommendations to the full Executive Committee, including in respect of the Executive Committee's annual review offinancial policies. This Committee also COTnmunicate with SVS'S external Independent Examiner and make recommendations in respect of the external Independent Examiner appointment, reporting back to the Executive Committee, receiving an unqualifi'ed examination opinion from a reputable accountancy firm is a key ongoing priority The work of the Finance sub-committee includes an annual review of the Charity Commission internal financial control self-checklist for charities. The day-to-day management of the organisation is delegated to the Chief Executive, Mr R Kurn, who reports regularly to the ExecLttive Committee and is also the Company Secretary. Line management arrangements through team leaders are in place as is regular supervision for staff and volunteers as well as a Joint Progress Review process. Related arties The relationships between the charity and related parties, together with details of any related party disclosures, are set out in note 2 to the financial statements. Statement of Trustees. responsibilities The Trustees are responsible for preparing the Annual Report and the financial statements in accordance with the Companies Act 2006 and for being satisfied that the financial statements give a true and fair view. The Trustees are also responsible for preparing the financial statements in accordance with United Kingdom Accounting Slandards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for Ihat period. In preparing these financial statements, the Trustees are required to.. select suitable accounting poli¢ies and then apply them consistently. make judgments and eslimales that are reasonable and prudent., state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained IN the financial statements.. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The Trustees are responsible for keeping adequate accounting records that show and explain the charity's transactions, disclose wilh ieasonable accuracy at any time the financial position of the charity, and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Financial statements are published on the charity's website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements. which may vary from legislation in other jurisdictions. The maintenance and integrity of the charity's website is the responsibility of the Trustees. The Trustees. responsibility also extends to the ongoing integrty of the financial statements contained therein. Members of the Executive Committee Members of the Executive Committee. who are directors for the purpose of company law and trustees for the purpose of charity law, who served during the year and up to the date of this report are set out on page 1. In accordance with company law, as the company's directors, we certify that:
Southampton Voluntary SeThices Ilepoi't of the Executive Coniinittee for tlie )'eai' elided 31 March 2025 (continucd) so far as we are aware, there is no relevant fi-nancial information of which the company's independent examiner is unaware., and as the directors of the company, we have taken all the steps that we ought to have taken in order to make ourselves aware of any relevant independent examiners information and to establish that the charity's independent examiner is aware of that information. The financial statements have been prepared in accordance with Accounting & Reporting Charities.. Statement of Recommended Practice applicable in the UK and Republic of Ireland (FRS102) (Effective l January 2019} (Charities SORP(FRS102)}, Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006. Approved by the Executive Committ& on 171h July 2025 and signed on its behalf by.. S Ramsey Chair C Rogers Treasurer 12
Southamplon Voliintary Services ii(IL'PL'iiilc.nt If x21))iiJei' s Iloi)ot't to the I'i'iis(ees of Soiithampton VoliiIitai'.y Sei"vices 1401, tIIL' YL'XI. L'iidL'd 31 March 202.5 INDCPENDENT EXANIINER'S REPORT TO THE TRUSTEES OF SOUTHAMPTON VOLUNTARY SERVICES Independent examiner's report to the trustees of Southampton Voluntary Services ('the Company,) I report lo the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025. Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the purposes of company lawl you are responsible for the prepaiation of the accounts in accordance with the requirements of the Companies Act 2006 {'Ihe 2006 Act'l. Having satisfied myself that the accounts of the Company are not required to be audited under P2rt 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination ofyour charity's accounts as carried out under section 145 of the Charities Act 2011 I'the 2011 Act,). In carrying out my examinatior* I have followed the Directions given by the Charity Commission under section 145{5} Ib} 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 l am qualified to undertake the examination because l am a fegistered 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.. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act., or the accounts do not accord with those records; or 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 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. S Mackie FCA Morris Crocker Chartered Accountants Station House North Street Havant Hampshire P09 lQU 13
Southampton Voluntary Services tateinent of financial Actii'ities (including Inconie & Expendilure Account) lior the.year eJide(131 Mai'¢h 2025 Unrestricted Restricted funds funds 2025 2025 Total funds 2025 Total funds 2024 Note Income Income from charitable activities 22,343 767,963 790,306 718,541 Income from other generated funds.. Investment income Other income 10 33.810 766 34,577 33,809 767 34,576 23,829 44 23,873 Total income 18 56,919 767 963 824,882 742,414 Expenditure Charitable activities.. General expenditure 38.431 651,254 689,685 792,880 Pension scheme net service cost Charitable activities expenditure 38,431 651,254 689.685 792,880 Total expenditure 18 38,431 651,254 689,685 792,880 Net (expenditure) 18,488 116,709 135,197 (50,466) Other recognised gains and losses Actuarial gains on defined benefit pension schemes Net movement in funds 18,488 116,709 135,197 {50,466) Reconciliation of funds Total funds brought forward 1.384,000 327,407 1,711,407 1,761,873 Total funds carried forward 1,402.488 444,116 1,846,604 1,711.407 The notes on pages 17 to 23, incorporating the Accounting Policies on pages 17 to 18, form part of these accounts. The Statement of Financial Activities includes all gains and losses recognised in the year. All amounts relate to continuing activities. 14
Southampton Voluntary Services IlalAnee Sheet as at 31 Nqai"¢h 2025 Nots 2025 2024 Fixed assets Tangible assets 506.388 532,915 Current assets Debtors Cash at bank and in hand 224,221 1,145,684 1,369,905 151,163 1,097,772 1,248,935 Liabilities Creditors.. amounts falling due within one year 29,689 70,443 Net current assets 1,340,216 1,178,492 Net assets excluding pension liability 1,846,604 1,711,407 Defined benefit pension scheme liability Net assets including pension liability 1,846 604 1,711,407 The funds of the charity Restricted funds 13 444,116 327,407 Unrestricted funds.. Designated General Unrestricted income funds excluding pension reserve Pension reserve Total unrestricted funds 12 12 1,295,729 106 759 1,402,488 1,295,729 88,271 1,384,000 12 1,402,488 1,384.000 Total charity funds 1,846,604 1,711.407 The r>otes on pages 17 10 23, incorporating the Accounting Policies on pages 17 to 18, form part of these accounts. For the financial year ill question the company (035153971 was entitled to exemption under section 477 of the Companies Act 2006 relaling to small companies. No metnbers have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounling records and for the preparation of accounts. These financial statements were approved by the Board on 171h July 2025 and were signed on its behalf by.. S Ramsey Chair C Rogers Treasurer 15
Southampton Voluntary Services Cash Floivs as at 31 Mai'ch 2025 statement of cash flows lor the year ended 31st March 2025 Note 17 2025 2024 Cash used in operating activities 14,102 (107,678> Cash flows from investing activities Investment Income 33,810 23,829 Cash provided by investing activities 33,810 23,829 Increasel{Decrease} in cash in the year 47,912 183,849) Cash at the beginning of the year 1,097,772 1,181.621 Total cash at the end of the year 1.145,684 1,097,772 16
Southampton Voluntary Services Notes to the Financial Statements foi. the year ended 31 March 2025 Accounting policies 1 (al Basis of preparation Southampton Voluntary Services is a charitable Company limited by Guarantee. The company is registered in England and Wales and its regislered offi'ce is set out on page 2 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 (FRS1021 (effective 1 January 20191 (Charities SORP (FRS102)). the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS1021 and the Companies Act 2006. The charity is a public benefit entity and considered by the Trustees to be a going concern. 1 Ib) Funds structure Funds held by the charity are either.. Unrestricted general funds discretion af the trustees. Designated funds these are funds set aside by the trustees out of unrestricted general funds for specific future purposes or projects., or Restricted funds - these are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by Ihe donor or when funds are given for particular restricted purposes or where the funder requires any surpluses under services agreements to be retained for that specific project. these are funds which can be used in accordance with the objects at the 8lc) Income Income from charitable aclivities arises solely in the UK and includes income received under grants, contracts and service level agreements. Amounts related to future periods are shown as deferred income. Incoming resources are recognised when the charity's entitlement to the resources is confirmed, it is probable that the resources will be received, and they can be measured with reliability. 1{d) Expenditure - direct charitable, governance and support costs Expenditure is reGognised on an accruals basis. Most expenditure is directly categorised as expenditure on charitable activities. The benefit of this direct ategorisation of resources expended is that there is no unallocated expenditure or'svpport costs,. 1 le) Tangible fixed assets Tangible fixed assets are depreciated on a straight line basis over their estimated useful lives as follows.. Asset cate Voluntary AGtion Centre (VAC) Office & project equipment Computer equipment Useful life 40 years 5 - 20 years 2 years No depreciation is provided on the land element of the Voluntary Action Centre. All assets of £1k are capitalised and full year depreciation is applied on year of acquisition. 1(fj Impairment of assets Assets that are subject to depreciation are assessed at each reporting date to determine whether there is an indication that the assets are impaired Where there is an indication that an asset may be impaired, an impairment loss is recognised for the amount by which the assets net book value exceeds its recoverable amount. The recoverable amount is the higher of its fair value or its va5ue in use. As the assets are held for the charitable service potential to its beneficiaries. it is appropriate to regard value in its use as the assets service potent131 measured by its replacement value_ The replacement cost is the lowest economic cost that would be incurred in replacing the assets service potential. 17
Soutliampton Voluntary Serviees Notes to tlie Finaiicial Statements for the year ended 31 March 2025 1(gl Flow through funding The charity deals with the onward payment of costs on behalf of some other organisations. These sums are excluded from both incoming and expended resources on the basis that they do not represent incoming or expended resources for the charity itself. The amount of flow through incoming and outgoing funds during the year were £nil12024.' £nil} and £20,976 {2024. £27.125) respectively and the funding held at the year-end was £24,754 {2024. £56,452) 11h> Debtors Trade and other debtors, relating mainly to grant monies due. are recognised on the Balance sheet. Prepayments are valued at the amount prepaid. 1(11 Cash and Bank Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deFX)Sit or similar account. 1ti1 Creditors Creditors are recognised where the charity has the present obligation resulting from a past event will probably result in the transfer of funds to a third paty and the amount due to settle the obligation can be measured or estimated reliably. 11kl Financial instruments The charity has the financial assets or financial liabilities of a kind that qualtfy as basic financial instruments. The basic financial instruments are recognised at transaction value and recognised at their settlement value. 1(1> Judgements and applying accounting policies and key sources of estimation uncertainty. In preparing these financial statements, the dIreOrS have made the following judgements. Determine whelher there are indicators of impairments if fixed assels Factors taken into consideration in reaching a decision include the service potential of the property and its underlying replacemenl cost. In preparing the accounts key areas of estimation have been made Tangible fixed assets are depreciated over their useful lives considering residual values, where appropriate. The actual lives of the assets and the residual values are assessed annually and may vary depending on several factors In reassessing assel lives. factors such as charitable use and maintenance programmes are considered. A provision is made for the deficit arising on the charitls share of the Local Government Pension Scheme. The Iruslees review Ihe underlying actuarial assumptions and make the appropriate judgments and changes required as suitable to the charity. Related party disclosures 2(al Control of the charity Throughout the year, the charity was controlled ultimately by its members who meet annually at the Annual General Meeting. The directors elected by the members govern the affairs of the charitable company behmeen Annual General Meetings. 21b} Directors I trustees remuneration and expenses No remuneration was paid to any directors I trustees in the year and no director I trustee waived the right to any remuneralion in the year. Trustee expenses have been reimbursed in the year to the value of £Nil (2024- £Nil). Tangible fixed assets Voluntary Action Centre Offjce & project equipment Computer equipment Total Cost: As at 1 April 2024 Additions As at 31 March 2025 1,220,093 151,767 119,635 1,491,495 1.220,093 151,767 119,635 1,491,495 Depreciation: 18
Southampton Voluntary Services Notes to the Fin2nci#l Statements for the year en(led 31 Mai'cli 2025 As at 1 April 2024 Charged in the year As at 31 March 2025 687,178 26,527 713.705 151.767 119,635 958,580 26,527 985,107 151,767 119,635 Net book value: As at 1 April 2024 532,915 532,915 As at 31 March 2025 506,388 506,388 All fixed assets are held at historic cost. Included in Voluntary Action Centre is £159,000 of freehold land which has not been depreciated. Debtors 2025 2024 Grants receivable other debtors 220,867 3,354 224 221 146,319 4,844 151,163 All amounts are due within one year from the balance sheet date. Creditors: amounts falling due within one year 2025 2024 Trade creditors Accruals & Flowthrough 3,735 25,954 29,689 31,165 39,278 70,443 Deferred Income 2025 2024 Brought Forward Amount released to Income Resources Amount Deferred in the year Analysis of Net Assets between funds Pension scheme liability Net current assets Fixed assets Total Restricted funds Unreslrictecl funds.. Designated funds General funds Pension reserve At 31 March 2025 14 444.116 444,116 13 506,388 789.341 106,759 1,295,729 106,759 3g 506,388 1.340.216 1,846,604 Pension scheme liability Net current assets Fixed assets Total Restricted funds Unrestricted funds. Designated funds General funds Pension reserve At 31 March 2024 14 327,407 327,407 13 13 3g 532,915 762,814 88.271 1,295,729 88,271 532,915 1,178,492 1,711,407 19
Southanipton Volllntary Services Notes to tlie FÉnancial Statemeiits for the ye%r ended 31 March 2025 Net (expenditure) for the year 2025 2024 Net (expenditure) for the year is stated after charging.. Depreciation Independent Examination (including VAT) 26,527 1,200 26,527 1,200 Staff Costs 2025 2024 Salaries and wages Social securily costs Pension Stakeholder scheme- matched contributions 331,569 27,231 10,393 369,193 352,747 27,445 11,802 391,994 No employees received remuneration more than £60.000 (2024: 0) Key Management personnel comprise of the Chief Executive Officer, the Senior Manager Business & Finance and the Senioi Manager Operations & Programmes. The total benefits received by key management was £146,484 {2023. £144,363} Average number of employees.. 2025 2024 Project workers (full time) Management and administration (full time) Project workers (part time> Management & Administration (part time) 46 18 Income Unrestricted Restricted funds funds Total 2025 Total 2024 Unrestricted income Office & Other 56,919 56,919 42,931 Restricted income (note 14)- Restricted Projects Shopmobility 711,400 56,563 767.963 711,400 56,563 824,882 646,021 53,462 742,414 56,919 10 Investment income All of the charity's investment income arises from interest bearing deposit accounts_ 11 Expenditure Unrestricted Restricted funds funds Total 2025 Total 2024 Core management & support costs Restricted expenditure (note 14).. Restricted Projects Shopmobility 38,431 38,431 45.234 600,771 50,483 651,254 600,771 50,483 689,685 696,922 50,724 792,880 38,431 20
Southampton Voluntary Services Notes to tlie Finai)Lial Statements for the year ended 31 March 2025 12 Unrestricted funds At1Apr At31 2024 Movement Transfers Mar 2025 Note Desi VAC Propety Staffing reserve Building maintenance Computer and office equipment Legal nated funds 532.915 537,178 142,636 30,000 20,000 33,000 1,295,729 (26,527) 26,527 506,388 563,705 142,636 30,000 20,000 33,000 1,295,729 General funds General reserve 88,271 18,488 106,759 Other funds Pension reserve 3g Total unreslricted funds 1,384,000 1,402,488 At1Apr At31 2023 Movement Transfers Mar 2024 Desi VAC Property staffing reserve Building maintenance Computer and office equipment Legal nated funds 559,442 510,651 142,636 30,000 20,000 33,000 1,295,729 (26,527) 26,527 532,915 537,178 142,636 30,000 20,000 33,000 1,295,729 General funds General reserve 90,574 2,303 88,271 Other funds Pension reserve 3g 156,000 156.000 Total unrestricted funds 1.221,687 164.616 1,384,000 The VAC deprecialion reserve was set up when the Voluntary Action Centre was built in 2003 and represents the remaining nel book value of the VAC. Each year a transfer is made to release from the reserve into the Property fund an amount equal to the annual property depreciation. The total of these two reserves equates to the cost price of the VAC less impairment provisions. The other designated reserves are funds set aside for specific purposes essential for the future operation of the charity in the short to medium term. Transfers are made between these funds and the general reserve as required. The Pension reserve was set up as a result ofthe implementation of SORP 2005 and continued under SORP 2015. This introduced the new heading of "Defined benefit pension scheme liability" into the assets and liabilities section of the balance sheet, m2tched by the introduction of 8 specific negative Pension reserve in unrestricted funds. 13 Restricted funds At1Apr Incoming 2024 resources Outgoing resources Transfers At31 Mar 2025 Volunta Sector Su ort Community development Icapacity building Health Voluntary sector training Community Roots Healthwatch 98,059 72.664 9,988 22.907 46,312 12,857 {5.377) 105,539 72,664 9,988 20,166 53,491 3,500 138,938 {6,241) (131,759) 21
Southamptoii Voluntary Services Notes to the Fiiiancial Statemeiits foi. the )'ear ended 31 March 2025 Fairness Commission Pippa VAC contributions SO Linked YPF Trust SO Lets Connect Build ings & Innovations UKSPF HDRC Total- Voluntary Sector Support 2,747 5,061 4,459 22,813 3,020 49.012 6,358 2,747 5,061 4,459 23,067 104,525 6,809 8,358 12,216 26,939 454, 029 356,944 104,000 (356,690) 12,495) (42,203) 53,166 41,995 711.400 (40,950) 15,056 (600. 771) 343,400 Pro ects Shopmobility - General fund Shopmobility - Charitable and other funds Subtotal - Shopmobility 4,883 20.876 (15,993) 4,883 14,796 (9,913) 56,563 56,563 50,483 (50, 483) Total- Projects 15.993 56. 563 50,483 9,913 327, 407 767,963 651,254 444,1?6 At1Apr Incoming 2023 resources Outgoing resources Transfers At31 Mar 2024 Voluntar Sector Su ort Community development Icapacity building Health Voluntary sector training Community Roots Healthwatch consultation Fairness Commission Pippa VAC contributions SO Linked YPF Trust SO Lets Connect Buildings & I nnovations Access to work Total- Voluntary Sector Support 106,063 73.572 9,988 26.048 40,282 2,747 5.061 8,659 28.206 100 87.217 6,358 36,107 41,383 (44,111) (42,291) 98,059 72,664 9,988 22,907 46,312 2,747 5,061 4,459 22,813 3,020 49,012 6,358 3,600 141,663 16,741) (135,633) (4,200> (416,010) {2,080) {38.205) 410,617 5,000 7,651 7,651 Pro'ects Shopmobility - General fund Shopmobility - Charitable and other funds Subtotal - Shopmobility 394. 301 646. 021 (696, 922) 343, 400 23.614 (18,731) 53,462 53.462 50,724 (50, 724) 20,876 (15,993) Total Projects 18,731 375.570 53,462 699. 483 50, 724 (747,646) 15,993 327,407 14 Government grants I ncome from government contractlgrants comprises performance related contracvgrants by the local authority to fLind the core activities and projects during the year. Revenue funding from the council amounted to £697,095 (2024'.£576,4321 Cash paid to Southampton City Council amounted to £9,037 {2024'. £10,831) Balances included in debtors are £208,866 {2024. £120.406) & creditors are £53 {2024.. £nil). 15 Corporation Tax The charity is exempt for tax on income and grants falling within Taxes Act to the extent that there are applied to its charitable objects. 22
Southampton Voluntary Services Notes to the f4inan¢ial Statements for tlie )'ear ended 31 _march 2025 16 Reconciliation of net movement in funds to the net cash flow from operating activities 2025 2024 Net Movement in funds 135.197 150,4661 26,527 Add back depreciation charge Less Investment income 26,527 (33,810} 123,829} Pension Movement Decreasel{Increase) in debtors {Decrease>llncrease in creditors (73.058) (40,754) (44,809) <15,101) Net cash used in operating activities 14,102 107,678 17 Financial Instruments 2025 2024 Financial assets Financial assets that are measured at amrtised cost 1.369,905 1,248,935 Financial liabilities Financial liabilities measured at amortised cost 29,689 18 Prior year income & expenditure Unrestrtcted Restricted Funds Funds Total Funds 2024 Total Income 42,931 699,483 742,414 Total Expenditure 45,234 747,646 792,880 23