Southampton Voluntary Services (A Registered Charity & Company Limited by Guarantee) Trustees Report and Financial Statements For the Year Ended 31 March 2026 Charity number 1068350 Company number 3515397
SouÉhAmpton Voluntary Sen'ices (A Ilegistered Cli#rity #lid Coimpany Limited by GuaYant¢¢) Trustees Report and fiinanci#l Stateinents for the.year ended 31 Mai'ch 2026 Contents Page Report of the Executive Commillee". 1-12 Independent Examiner report 13 Slalement of financial activities 14 Balance sheet 15 Statement of cash flows 16 Notes to the financial slalemenls 17-23
Southamptoii Voluntary Services R¢port of tlie Exccutive Committee for the }'ear ended 31 Mdrch 2026 The Executive Committee presents its report and the audited fi'nancial statements for the year ended 31 March 2026 Reference and administrative Informatlon Charity name Charity registration number Company registration number Registered office & operational address Soulhamplon Voluntary Services 1068350 3515397 Voluntary Action Centre Kingsland Square, St Mary Street Soulhamplon, S014 1NW Executive Committeè 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 ye8r lor date of appointment if lalerl and the dale of this report.. S Ramsey, K Liles. C Rogers" D G Wrighlon P Hull K Rowlinson P Aubrey-Harris" V Ugwoeme R Gowland-Pryde Chair Resigned 171h July 2025 Honorary Tressurer, Chair of Finance sub-committee enoies nmber of Finance Sub-commiltee Company se¢retary R Kurn Independent Examiner Moiris Cro¢kei, 2 Port Way, Port Solent. Portsmouth. P06 4TY Bankers The Royal Bank of Scotland, 156 High Street, SoLJlhampton S014 2NP 8arclays Bank UK plc, Easlleigh Bus Clr. 20-25 Upper Market Street, Easlleigh, S050 gFD Virgin Money formally Clydesdale Bank pl¢, Bering House, Mariner Court, Clydebank G81 2NR Close Brothers, 10 Crown Place, London, EC2A 4FT Sollcllor Paris Smith, ND. 1 London Road, Southampton S015 2AE
Southampton Voluntary Services Repoi-t ot. the Exeeulive Committee for the }'ear en(lecl 31 Mawch 2026 leoiiiinutdl Oijr aims and objectives Pur oses and aims SVS'S purposes, our Charitable Objects, are stalecf in our Memorandum and Articles of Association and form the basis of our registration as a charity. These docurnenls were prepared on incorporation in 1997 and two small amendments not affecting the Charitable Objects were made to the Articles of Association al the AGM in O¢lober 2007. Our Charitable Objects remain as sel out in 1997, as follows.. "To promote any charitable purposes for the benefit ol the community the area of the admini8lralive authorities comprising the historic county of Hampshire (including Portsmouth and Southamptonl and in particular, the City of Southamplon. and if the directors of the charity shall so decide, in any of the adminislralive authorities immediately adjoining, and in particular the advancement of education, the protection of health and the relief of poverty> distre55 and sickness." Ensurin our work delivers our ai¥ns We review our aims. objectives and activities each year and normally carry out a comprehensive re-appraisal every three years in the pieparalion of our three year Forward Plan documents. The gnnual reviews look at what we achieved and the outcomes of our work in the previous twelve months. The review looks al the success of each key Eclivily and the benefits they have brought lo those groups ol people we are sel up to help. The review also helps us lo ensure that our aims, objectives and activities remain focused on our slated purposes. We have paid due regard to the guidanc6 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, Organisalional 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 fotward planning has been less suited to the unprecedented levels of uncertainty we have been experiencing, IR this reporting period we have commenced a process of Strategic Planning, to revisit and refresh our organisalional strategi¢ inlenlions. in line with our Charitable Objects and public benefit, with engagement with all organisalional stakeholders This sel of strategic intentions will be published in late 2025, alongside a re-fresh of our organisalional values, vision, and mission. SVS'S Vision is ol 'Southampton is a Gity where everyone is in$pffd to make positiv6 contributions lo their commur7ilies. SVS'S Organisational Values are defi'ned as". Passion SVS believes voluntary 8Ction 18 built on the passion of people and communities to Fnake a positive difference. Inclu$iven¢ss - SVS believes that the voluntary ethic is best upheld when organisations promote equality and diversity and are open, democratic, accessible and accountable lo their users, members and the wider community. Independence- SVS will be a stron9 and independent voiTr for the sector, supporting best practice in autonomous organisalions. Innovatlon SVS will support org8nisalional resourcefulness, flexibility and adaptability, th¥ough innovab"ve, original ideas and creative solutions. Partnership - SVS Is commilled lo positive partnership work lo create shared thinking and find solutions lo meet local needs. The Mls$lon Statement is thal"SVS aims lo support a vibrant voluntary and community sector with a slronu voice and the best of support. SVS actively promotes voluntary action and the provision ol essential servlces to vulnerable communities.. The focus of our work Our main objectives lor the year are summarised in our slrapline, 'Promoling Voluntary Action., and in the eight Key Aims which are.. Voluntary Sector Support Servlces and support- SVS will promote the effectiveness of local voluntary and community groups by providing them with a range of services including access to practical facilities, such as meeting rooms, office services, and more involved support through general and gpecialist advi and information including regular newslellers, websitè, training and funding advice,
Soutliampton Voluntary Services Reijoi't of the Executive Conimittee for tlie veal. ended 31 Mai'cli 2026 IcoritiHU1j Llalson as a focal point for the local voluntary and community sector in sothaMptOn, SVS will encourage networking between individuals and groups wilhin the seelor. and between local groups and the slalutory and privatè sectors. SVS will also help different communities lo organise their own networking activity". Representation with government encouraging involvement of voluntary and cornmunily groups in shaping and delivering services, SVS will enable the views of local groups lo be represented strategically al local, regional and national levels.. Development work - SVS will help identify gaps in serviTr provision and work with groups lo develop new and innovative 8er4fices lo meet these needs., StrategiG partnerships- SVS will work in partnefship with local government and other statutory agencies lo shape and deliver services lo meet city needs., Promoting volunteering and voluntary action SVS will use its resources ID promote volunteering in Soulhamplon and lo facilitate increased opportunity tor voluntary action as an expression of active citizenship and civil society., SVS Seniices Quality Servlces - SVS will deliver good quality setvices lo meet the individual needs of vulnerable communities". Governance Govemance and performance - SVS will dernonstrale best pra¢lice 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 beneliled 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, a$ embodied in our Charitable Objects, Vision and Mission Statement, lor the public benefit. Who used and benefited from our services? Our wide-ranging Principal Activities are sel out below, together with the individuals and groups, mainly based within the city of Soulhamplon, that benefit from these aclivilies.. Voluntary Sector Support. Developing, connecting, influencing policy and representing the voluntary and community sector through providing leadership, information, good practice, networks and capacity building., Promoting Volunteering and Voluntary A¢tion.' Involving volunteers, promoting and celebrating volunteering 8nd voluntary action in all sectors., Servl¢es to meet the needs of individuals: Community Roots; A recovery focused, allotment based horticultural project providing supported volunteering opportunitie5 for people with additional support needs, including those who may have experienced ment81 health problems. substance and alcohol use, and homelessness. Hèalthwatch Southampton,. The local consumer champion for health and social care. Heallhwalch Southampton IHWSI listens to the views and experiences of the public and patients and uses ils influence lo affect commissioning and service provision decisions and practice. HWS also offers an information, advice and signposting servits. Shopmobillty." Provision of wheelchairs and scooters lo people with limited mobility enabling them lo access the city centre and access shops, amenities and services independently. SO'Linked: Conttt enabling delivery of SVS community development functions alongside community navigation to enable members of the public lo find the support they need in the Community. This work is led by SVS and delivered through subconlracl arrangements with our partners Social Enterprise Link, Spectrum CIL, and TVVICS. Summa revlew of the ear This summary review covers the perioc$ 1 sl April 2025 - 31sl March 2026. The period has been contextualised by Continuation of dull economic conditions impacting on public spending and rising costs affecting organisalions, beneficiaries, and the public. Major reorganisalions have continued lo change the landscape of public sector bodies In a bid lo meet financial con8lrainls. Coupled with a poor economic forecast, our communities have also weathered an increase in rhetoric aimed al creab'ng divisions, and apportioning blame on minority groups.
Southampton Voluntary Servi¢es Repoi't of the Executive Committee foi. tlie year ended 31 M#Tch 2026 Itortlittrutdl During this period, we have also welcomed announcements of public investment into some of the city's most deprived neighbourhoods through 'Pride in Place We have also seen the private sector mobilise through the charity Business in the Community lo make a difference locally through their Pride of Place. scheme During the year, the recommissioning of subslantiative VCSE conlracls, through Southampton Early Help and Support (SEASI has been underlaken by Southampton City Council ISCCI. This has created one large contract with len different areas of work focusing on prevention. SEAS has drawn logelher 15 organisations to deliver this work. This programme has taken centre stage for SVS, acting as the lead contractor during the lender process. Having been awarded this contract in early 2026, SVS have worked with the consortia members to establish a special purpose vehicle, with five oruanisations acting as company members, to hold the contract with SCC. Delivery of SEAS will commence on 1 $1 April 2026. The contract is for a maximum of ten years, giving some much needed stability and sense of future lo the organisalions Involved, and enabling a process of strategic planning lttal has been challenging given previous uncerlainlies. This contract will also enable a lar deeper level of collaboration between organisalions, and assist in achieving lastin9 change and impact for local communities. SVS has continued the work of Southampton VCSE Alliance lo foster closer working relationships with the local 8ulhority by reselling and reframing the sector's relationship as coll8boralive, as opposed lo Iransaclional, in nature This has led to, among other things, the development of the Southampton VCSE Covenant, which we aim lo endorse in the next period. SVS Executive Committee, our charity Iruslees and company directors, led by Chairperson Stephanie Ramsey, have shown great leadership through what has been a pivotal year for the organisalion and local sector. Meeting bi-monthly, SVS Executive Committee have also convened several sub-groups focusing on finance, organisalional risk. strategy, and future conlracls. SVS Executive Committee welcome the developments of the last year, which provide a sense of fvture and a firm foundation from which lo plan for, and face, future challenges, system changes, and opportunitie5", not le8St those presented by Local Government Reorganisalion and Devolution. Overarching themes of the year include.. Collaboration a welcomed increase in collaboration between sector organisations, both contractually and through joining together lo amplify voice. A notable change in public bodies, approaches. lo one of collaboration with ttie sector. Public Finances - continue lo be under immense pressure. Changing Structures - following the restructure of health into Integrated Care Boards IICBS) covering larger geographical foolprinls 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 Reorganisalion, which will see Southampton grow as an Unitary Authority. Redesign I transformatlon- transformation has become the norm in order lo meet public demand and deliver outcomes amid reducing resources. Whilst challenging lo meet the pace of change and stay abreast of developments. Iransformalion programmes are presenting opportunities to do things differently to achieve impact. New opportunities- new partnerships have emèrged over the year. presenting new and exciting opportunities. This has been most evident within health and research, building on our relationships with Universities and Public Health. and through our work on Coproduction with Adult Social Care. We look forward to new opportunities presented by the SEAS contract. Sector su ort and infrastructure The SVS led SO.'Linked programme'supporting Southampton s communities andpgople", has continued lo be the main delivery vehicle for our community development work, alongside partners TWICS and Social Enterprise Link. SO.'Linked community navigation work has continued through our partner Spectrum CIL. The contract ceased on 31$t March 2026, superseded by the SEAS contract described above. 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 Servi$, support, activities, funding and more, and the offer has continued lo grow over the year. This is an invaluable resource
Southampton Voluntary Services Report of tlie li xecutive Cominittee for the yeai. eiide(131 Maith 2026 (colitiUcdl for our navigators. social prescribers in the city, the VCSE {Volunlary Community Social Enterprise seclorl, and stalijtory partners. This resource will be expanded and augmented under the SEAS contract. Southampton Green Network - this SVS network brings together over 50 organisations, of all sizes, lo collaborate on the green l environmental agenda within Southampton. The neiwork has been focusing on being physically active within green spaces. Social Prescribers Network convened by SVS this network draws together praclilioners across sectors involved in social prescribing. The nettvork publishes a regular new8letter highlighting best practice and showcasing community aelivities. SO- Lotto- our local lottery scheme with Galherwell has continued over the year and has raised a lolal revenue of £44,078 and 64 good causes have benefilled. £7,625 of prizes have been distributed lo players, Southampton VCSE Alliance - this network has been developed lo foster closer working relationships with Soulharnplon City Council. Key work of the year has included drawing together partners to focus on SEAS, and the development ofa Soulhamplon VCSE Covenant with SCC. 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 bettveen 15- 65 organisations joining each month. Volunteering Development - SVS Volunteer Development Worker has driven forward volunteering work throughout the year, developing our brokerage seNice, forming 8 volunteer coordinators network, providing training and best practice advice, and raising the profile of volunteering through events and marketing. During the yearwe have re-eslablished SVS 100 Hours ofvolunleering Award, whereby local volunteers are nominated to receive a certificate presented by the Lord Mayor of Soulhamplon, in the Lord Mayor's Parlour This civic ceremony recognised the contribution of over 100 volunteers over three events. Leadership and Advocacy- our extensive networks mean we are wèll placed lo ensure a strong, sector voice al the city's strategic partnerships. This includes Adult8, 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 th? 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 Soulhemplon VCSE Alliance is helping lo strengthen these arrangements, providing a stronger representative base. Hampshire and Isle of Wight VCSE Health and Caro Alliance (HIVCAI - this Inlegraled Care System wide collaboration aims to build stronger relationships and joint working. SVS CEO 18 a member of the leadership committee, focusing on place-based represenlalion. The allianTr has been awarded three years funding from the Hampshire & Isle of Wight Inlegraled Care Board. Young Southampton - an alliance of local young people's organisalions that aims to draw further investment into the city lo support yOLJth activities has been supported by SVS throughout the year in its journey lo becoming an established charity. The alliance has now recruited a CEO to drive the work forward. Group Support - supporting local organisalions continues lo be a key focus through training, a¢ling as an election commissioner, helping to resolve conflict, finding funtting, and all areas of governance and management of an organisation, Research Unit - our work in the community research space has continued lo grow, with key work strands highlighted below.. In-Residence- working closely with University of Southampton we are forming a community of practice for Community Participatory Action Researchers and developing Research Café's for knowledge exchange with the sector. Coprodu¢tion Corner- work contsnu$s on this community of practice lo support coproduction efforts within the city, provide peer SUPPOrt and disseminate, and develop, best practice. Leading on this work has led lo the development of a coproduction programme with SCC, initially focusing on Adult Soci81 Care.
Southamptoii Voluntary Services Rei)oi't of the Executive Coinmitto¢ foi. th¢ year eJ)(le(131 March 2026 ItoAtiJitiedl Health Determinants Research Collaboration a partnership belw&en local universities, Southampton City Coun¢il, and SVS that aims to Introduce a reseafch and evidence-based decision- making structure into all of the council's work, with prioritie5 sel through public involvement and community engagement, SVS are involved in the steering group and public involvemellt and community engagement work. Our coproduction work, described above, dovetails well with HDRC'S aims. Energise Me Place Partnership- a Sport England p18ee-based investment programme, managed by Energise Me, focusing on increasing physical activity In deprived areas of Soulhampton. SVS is an active board member, and now further funding is confirmed, will be hosting the Place Based ProgFamme Manager role. Services to the ublic Whilst the development and delivery of new public facing services is no longer a strategic priority for SVS, preferring lo work collaborativèly with our membership on such endeavours, we continue lo deliver our existing commilmenls. Healthwatch Southampton IHWSI- recruilmenl of additional Strategic Group members has brought a wealth of experience and knowledge lo the operation over the year. Key projects have included Transport lo Health Facilities. Unpaid Carers Respite, Youn9 Adult Carers, Transitions, SCC Care Homes Experience, and public involvement in GP practices. Healthwalch is planned to be abolished in a future Health & Care Act,. however, we believe embedding the independent functions of local Heallhwalch into public bodies will lead lo poorer outcome8, and we will eonlillue Its allempt to influence the agenda. Heallhwatch Soulhamplon's annual report is published on their website on 30th June 2026. City Shopmobility- this vital lifeline lo local people with reduced mobility has continued lo operate throughout the yèar, enabling 1188 visits to local shops, amenities, and SerVis. The project is funded by our partners at West Quay shopping centre and Hammerson, for which wè are incrèdibly grzleful. Community Roots the project has continued to flourish, supporting drug service CGL'S clients on their recovery journey. Referrals increased during the year with two new groups being launched, and a second allotment plot being established. The project also worked in collaboration with SCC to support people al risk of losing their allotments due lo ill health by helping lo keep their plots tidy. The future of the project is unclear due to funding difficulties. Finally, a massive thanks lo all SVS staff, volunteers, and Iruslees for your respective conlribulions. You. our people, are SVS, biggest asset, and we couldn't do what we do without your teamwork, crealivily and ènergy_ Thanks, are also due lo our partners, SUPPDrters and funders, and SVS looks foward lo your ongoing 8UPPOrt into the future. The Role ot Volunteers in our Service Provision In all aspects of SVS WOTk and service delivery we have teams of active volunteers who enhance our work and the services we offer lo the public. Some of our SVS volunteers have themselves experienced unemployment. whilst others have additional support needs or are in recovery from addictions or health problems, so OUT 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 infi'nitely grateful for the commitment and conliibution in terms of creativity, enthusiasm and the subslanlial donation of all our volunteers, lime and effort, which to us is priceless, However, this contribution can be quantified in monetary value using the 2025 provisional median earnings from ASHE by Office of National Stalislics. This means the sum of 3329 volunteer hours contributed by approximately 36 volunteers is equivalent to £65,481", a 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 uncertainly over parts of our income 2nd to deal with late decisions over funding income, bul we plan, recognising that these are aspects of the environment in which we operate. In this conlexl, SVS achieved a planned outcome for the year with a net increase in its unrestricted general fund of £49,830 (note 131.
Southampton Voluntary Services Report of the Executive Comn?ittee foi. the yc#i- endeil JI Mai'cli 2026 leoiitiiJ#edl Restricted funding will by its nature involve situations where funijs are received In one year and spent in a different year, resulting in situations where nel surplusès or deficits arise In the current year our lolal Reslricled funding reserves decreased by £35,26912025'. Increase £116,709). Our resetves policy is sel out in more detail below. The nel movement in funds was £14,561 12025.. £135, 1971. The SVS Balance Sheet remains 8ppropTiate for an organisation of our size, with appropriate liquidity. ecilics Tol31 incoming resources amounted lo £798,769 compared with £824,882 lor 2025, a decrease of c40/o. Total resources expended amounted to £784,208, an increase of c11.50/0 compared with the previous yearts figure of £689,685 Total funds al the year-end amounted to £1,861,165 (2025." £1,846,604) which is made up as follows". 2026 2025 Reslricled reserves Designated reserves held for fulure project expenditure set aside ft)r VAC depreci8tion and for essential future oper8ling expenses see below 408.847 1,295,729 444,116 1,295,729 General reseNes 156.S89 106,759 Total funds 1,861,165 1,846,604 General resetves now stand al £156,589 12025.. £106,759). The increase of £49,830 comprises the Ljnrestricted surplus. As shown below, general reserves are in the form of current 8S8et811 OOO/DI and fixed assets INILI. 2026 2025 Fixed assets Current assets- free reserves 156,589 106,271 Total general reserves 156,589 106,271 The Charity's free reserves may decrease signilicanlly, as future essential expenditure on fixed asset replacement becomes inevitable. Accordingly, these reserves are held principally lo give some protection against future uncertainties and are not available for shorl-lerm expenditure. Princi al fundin sources Voluntary Sector Support and Promoting Volunteering and Voluntary Action are funded through contracts from Southampton City Council ISCCI togetherwilh sizeable contributions from the Hampshire & Isle of Wight Integrated Commissioning Board. Southampton University, West Quay Shopping Centre 2nd various smaller funding streams, some ofwhich also derive from SCC. The SVS Services are primarily funded through a mix of grants, contracts and charit8ble trusts. Fundraisin olic SVS welcomes donations and in-kind ¢onlributions from business and other supporters, especially with respect lo our service delivery work to the public. SVS undertakes limited fundraising from the public lo support ils voluntary sector support woik where il is compatible with our aims and supportive lo the many of the voluntary and community groups that we exist lo support. SVS SeThi¢es 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 lo ensure their sustainability to meet public needs. The Charity conducts all ils fundraising activity in line with the Fundraiging Regulator Code of Fundraising Practice and is pleased lo confirm that il has received no complaints in relation to its fundraising activity ovgr the wurse of the 2024- 25 yè8r. Investment olic The Executivè Committee, having regard lo the liquidity requirements ol the charity and the reserves policy, have revièwed and operated a policy of keeping available funds in competitive Interesl-bearing deposit accounts and seek to achieve a rate of deposit interest which matches or exceeds inflation as measured by the retail prices index. However. due lo the current economic climate, we have several fixed term bonds and are achieving slightly less than the current RPI inflation rate.
Southampton Voluntary Serviees Report of the fi xeeutive Committee foi. the yeai, cn(le<l 31 MArcli 2026 l¢ontiiiii¢dl The Executive Committee, mindtul of public concern regarding the liquidity of banking inslilutions, periodically review the allocation of funds lo individual banks and have diversified the range of accounts held lo maximise protection of funds under the banks guarantee system. The Executive Committee believes that SVS would be eligible lo receive Compensation Ihroijgh the Financial Services Compensation Scheme on the failure of a UK registered bank and eonsiders that investment in four banks both minimises the risk ol losing charitable funds an(J the risk of losing liquidity dtje lo bank failure. Remtjneralion Polic The Directors and the board of Trustees and the senior managernent team comprise the key management personnel of the Charity The charity Trustees ultimately hold the responsibility for setting the remuneration levels for the staff within the organisalion including the senior $18ff. The individual salaries of senior staff members remain lower than £60,000. In 2013 the Executive Committee elected to move away from the NJC pay scales and lo adopt a rfK)re slandardised approach to pay structures and allow the orgaftisation lo focus on narrowing the gap between the highest and lowest paid staff_ They chose to review any salary increaselpay award on a lixed amount rather than the percentsge increase previously used, thus reducing the gap lo attract and keep appropriately qualilied staff. In line with our commitment to our lowest paid staff we have also adopted the Living Wage scheme within the organisalion. As at the 3191 March 2026 we calculated our gender pay gap as follows'.- Median and mean male & female hourly earnings :. Male Hly Earnings Female Hly Earnings 21.8377 Single Figure Pay gap % -5.75% Dlfference Median 20.65 -1.1877 Mean 16.89 21.84 4.94990.005 -29.31% Mean male & female hourly earnings by quartile'.- Mean Male Hly Earnings 28.83 Mean Female Hly Earnings Mean single flgure pay gap% Dlfference % Male . Female Quartile 1 Quartile 2 Quartile 3 Quartile 4 28.83 loo% 0% IOOYO 21.84 -21.84 IOOYO Oyo 21.84 21.84 14.03 14.03 IOOYO Reserves The Executive Committee has examined SVS'S requirements for reseNes considering the main risks lo the organisalion and in line with ils policy lo do so on an annual basis following detailed scrutiny and recornmendalions by ils Finance sub-committee which is itself guided by the Charily Commission guidance on charity reserves. In light of the increased uncertainly around public sector funding and the unprecedented limes during the Pandemic, the Executive committee has reviewed its position and feel that due lo recent experience and the prevailing climate, a more prudent appro8ch is currently required and that ils policy should be slrenglhened so that the unreslricled funds and restrictecl 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 lime lo seek alternative funding or lo 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 subslanlive changes or developments occur relevant to specific areas identified on the risk register.
Southampton Voluntary Services Rei)ort of tlie Li xeeutivc Committee for the year eilded 31 Mai'ch 2026 Ic(kiitinii¢ill The charity needs reserves lo enable il lo continue lo operate ag an ongoing concern. The Executive Committee consider the reserves held on the balance sheet to be al an adequate level, as sel out further below, lo meet their responsibilities and cDmmilment5, protect and advance its current activilieg. Based on budgeted expenditure for the year commencing ISI April 2026, the laTgel is for free reserves of between £75,000 and £150,000 in unreslricled funds 8nd of between £375,000 and £750,000 in reslrieted project funds. The reseNes are needed lo meet the working Capital requirements of the charity and the Executive Committee are confident that 81 this level they would be able to continue in the short term the current activities of the ¢harily in the event of a significant drop in funding. The present level of free unrestricted reserves, being the unrestricted reserves excluding those represenled by fixed assets and those held for designated purposes, is £156,589 which falls above the target. The Executive Committee are satisfied that the level of free reserves is acceptable having taken note of SVS'S policy of increasing reserveg together with the existence of certain designated reserves and recognising SVS'S expected future capital expenditure. The present level of free reslricled reserves. being reslricled reserves excluding those represented by fixed assets, is £408,847. The Executive Committee has concluded that these reseNes are adequate based on the SVS Projects, policy of increasing reserves. In the short term the Executive Committee has also considered the exlenl lo which existing activities could be curtailed, should such action be required. In volatile financial circumstances, having adequate reserves has meant that we have béen able lo avoid issuing precautionary redundancy notices linked lo SCC or other bodies grants and tendering oulcomes. Future Suslainabili and The Green A enda As part of our commitment lo the Green Agenda we are now monitoring our carbon foolprinl. We currently have one building for which we will monitor. We also have solar panels which return to the grid. Plans for the future eriod In recent years our established cycle of Ihree-year planning has been unsuited to the level of uncertainty we have faced as an organisalion, leading to reactive planning on an annual basis, aligned to our strategic intentions. Transitioning lo our new arrangements in the SEAS contract, described above, enables us to resume a more structured, longer-telm. approach lo planning, based on the needs of our beneficiaries, policy direction, and eonlraclual obligations. 11 will also enable a longer-term approach lo how we measure and demonslrale impact, work on which wo have already embarked. Stru¢turo* governance and management Governin document and member or anisalions Southampton Voluntary servIs ISVSI is a charltable company limited by guarantee. The company was established under a Metnorandum of Association which staled the objects and powers of the charitable company ancl is governed under ils ArtiGles ol 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 433 members, mainly voluntary and community organisalions that operate in Southampton and the surrounding area. Recruilmenl and A oinlmenl of Executive Committee The directors of the company are also charity Iruslees for the purposes of charity law and under the company's Articles are known as members of the Executive Comirillee. Under the requirements of the Memorandum and Articles of Association the members of the Executive Committee are elected lo serve for a period of three years after which they musl be re-elected al the next Annual General Meeting. al which lime members also vole annually for the Chair, Vice Ch31r and Honorary Treasurer. All rnembèrs ol the Executive Comrniitee give their time voluntarily and reiVed no benefits from the charity. Expenses reclaimed from the charity are sel out in note 2 to the accounts. The Executive Committee monitors the skill requirements for the Iruslee body and carries out periodic specific reviews of skills and sector experience. When additional Iruslees 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 Irainin New Iruslees re1ve a detailed induction pack linclucsing the Memorandum and Articles. the latest financial statements and the Charity Commission's guide 'lhe Essential Trustee l and have an induction mèeting with the Chief Executive. Feedback from new Iruslees about their induction has been very positive. Additionally, new and existing Iruslees are invited and encouraged lo allend the regular Iruslee training sessions available to trustees of all member
Southampton Voluntary Services Report of tlle F.xoeutive CommitteL, for tlie y¢ar ejiijed 31 Mareli 2026 Itoiitinutdl organisations via the SVS Trustee Development Programme. An annual Financial Management briefing is provide(J for the whole Executive Committee. The Trustee induction pack has been reviewed 8nd updated during the year. Risk mana ement The Risk Assessment Report is updated and reviewed annually by the Executive Committee, focusing on the major external and internal risks lo 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 202512026 risk assessment exercise were broadly in line with the previous reviews. short-term initiatives, arrears l outcome funding, late signing of conlracls, delayed payments and adequacy of reserves to meet obligations diminishing funding pols., the loss of 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 impa¢l of the other key risks sel out here., increases in cost of living affecting beneficiaries and the financial stability of the chaiity, particularly in relation to longer term fixed-price contracts., reliance on key staff and impact on organisalional memory in case of leaving,, data security 8nd safety, risk of cyberallack and potential lor inadvertent breaches of GDPR., financial pressures due to dècreased revenue and fundraising opportunities. As we move into our new Contractual framework. described above, SVS Executive Committee will revisit our organisalional risk profile, recognising that some of our current risks will be downgraded given longer term conlraclual certainly, whilst other emerging risks will need lo be accounted for, including. for example, Local Goveinment Reorganisalion. anisalional Structure and Governance The organisalional governance and management are headed up by an Executive Commlttee which meets five limes a year. The Executive Committee consists ol elected and nominated Iruslees. The Executive Committee is responsible for the strategic management of all current work and lor the oversight of development in line with ils Vision, Mission Statement and Charitable Objects. At present the Committee has nine fnembers from a variety ol professional backgrounds relevant lo the work of the charity. The Company Secretary also allends the Committee but has no voting rights. The Committee has adopted the Good Governance Code for the Voluntary and Community Sector. The Executive Committee is supported by the Finance sub-committee who scrulinise the details of the management accounts, look al relevant fi'nancial issues and make recommendations to the full Executive Committee, including in espect of the Executive Commillee's annual review of financial policies. This Committee also communicate with SVS'S external Independent Examiner and make recommendations in respect of the external Independent Examiner appoinlmenl, reporting back to the Executive Commillee., receiving an unqualified examination opinion from a reputable accounlanw 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-lo-day managompnt of the organisalion is delegated lo the Chief Executive. Mr R Kurn, who reports regulady to the Executive Committee and is also the Company Secrelary. 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 rties The relationships between the charity and related parties. together with details of any reSated party disclosures, are set out in note 2 to the financial statements. statement of Trustees, responsibilities The Trustees are responsible for preparirkg the Annual Report and the financial slalemenls in accordance with the Companses Act 2006 and for being satisfied that the financial slalemenls give a true and lair view. The Trustees 8re also responsible for preparing the financial st21emenls in accordance with United Kingdom Accounting Standards (United Kingdom Generally Aecepled Accounting Praclicel.
Southampton Voluntary Services Rcport of tlie Executive Coininittee foi. the yeai. ende(131 Marcli 2026 leoiltiUedI Company law requires the Trustees to PTepare financial statements for each financial year which give a tme and fair view of the stale of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial slalemenls. the Trustees are required lo.. select suitable accounting policies and then apply them consislenlly., make judgments and eslimales that are reasonable and prudent., slate whether applicable accounting standards have been followed, subject lo any material departures disclosed and explained in the fi'nancial slalements., prepare the financial glatements on the going ttoneern basis unless it is inappropriate to presume that the charity will continue in business. The Trustees are responsible for keeping adequate accounting recorcts that show and explain the charity's transactions, disclose with reasonable accuracy al any time the financial position of the charity, and enable them lo ensure that the financial slalements comply with the Companies Act 2006. They are also responsible for safeguarding the assets ol 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 slatemenls. which may vary from legislation in other jurisdictions. The maintenance and integrity of Ihe charity's website is the responsibility of the Trustees. The Trustees, responsibility also extends to the ongoing integrity of the financial statements contained therein, Members of the ExecLJtive Committee Members of the Executive Committee, who are directors for the purpose of ¢ompany18w and trustees for the purpose of charity law, who served during the year and up lo the dale of this report are sel out on page 1. In accordance with company law, as the company's directors, we certify that.. so far as we are aware, there is no relevant financial 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 lo have taken in order lo make ourselves aware of any levant independent examineis information and to establish that the charity's independent examiner is aware of that information. The financial statemen18 have been prepared in a¢¢ordan¢e with Accounting & Reporting Charities.. Slalemenl of Recommended Practice applicable in thè UK and Republic of Ireland (FRS1021 (Effective 1 January 20191 (Charilies SORPIFRS10211, Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 and the Companies Act 2006. Approved by the Executive Committee on 161h July 2026 and signed on ils behalf by.. S Ramsey Chair C Rogers Treasurer 12
Soiithampton Voluntary Services Indei)ciideiit F.xaminei s Report to the Trustees of Southami)ton Voluntary Seiwiees For tlie year elided 31 March 2026 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SOUTHAMPTON VOLUNTARY SERVICES Independent examiner's report to the trustee5 of Southampton Voluntary Services I'the Company'l I report lo the charity trustees on my examination of the 8C¢OUllts of the Company for the year ended 31 March 2026. Responsibilities and basis of report As the charity's trustees of the Company land also its directors for the purposes of company lawl you are responsible for the preparats'on of the accounts in accordance with the requirements of the Companies Act 20061'lhe 2006 Acl'l Having salis*ied myself that the accounts Of the Company are not required lo 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 I'lhe 2011 AGI'I. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145151 Ibl of the 2011 Act. Independent examln¢r's Statement Since your chafily's gross income exceeded £250,000 your examiner musl be a member of a listed body. I can confirm that l am qualified to undertake the examination because l am a registered member of ICAEW which is one of the listed bodies. I have completed my examination. I confirm that no mallers have come lo my attention in connection with the examination giving me c8use to believe.. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Acl,. or the aceounl8 do not accord with those records", or the accounts do not comply with the accounting requirements of section 398 of the 2006 A¢1 other than any requirement that the accounts give a true 8nd fair view which is not a maller Considered as part of an independent examination., or the accounts have not been prepared in accordance with the methods and principles of the Slalemenl 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 IFRS 10211 I have no concerns and have come across no other matters in connection with the examination lo which allenlion should be drawn in this report in order lo enable 8 proper undeTslanding of the accounts to be reached. S Mackie FCA Morris Crocker Chartered Accountants Lake House 2 Port Way Port Solenl Hampshire P06 4TY Dale". 13
Southampton Voluntary Services Siateiilenl of financi#l Activities {illelu(liiig liltonie & Exi)enditi1i Aceoiint) Foi. the year enlled 31 Ivlairli 2026 Unrestrlcted Restrlcted funds funds 2026 2026 Total funds 2026 Total funds 2025 Note Income Income from charitable activities 732,635 764 614 790,306 Income from other generated funds.. Investment income Other income 10 33.027 1.128 34,155 33,027 1,128 34,155 33,809 767 34,576 Total incomo 18 732.635 798,769 824,882 Expenditure Charitable activities.. General expenditure Penslon scheme ngt service cost Charitable activiti&s expenditure 11 16,304 787.904 784,208 889,685 16,304 767,904 784,208 689,685 Total expenditure 18 16,304 767,904 784,208 689,685 Net lexpenditurel 49,830 135,2691 14,561 135,197 Other recognised gains and losses Actuarial gains on defined benefitpension schemes Net movement in funds 49,830 135,2691 14,561 135,197 Re¢on¢iliation of lunds Total funds brought forward 1,402,488 444,116 1,846,604 1.711,407 Total funds carried fOard 12, 13 1452,318 408,847 1.861,165 1.846,604 The notes on pages 17 10 23, incorporating the Accounting Policies on pages 17 to 18, form parl of these accounts. The Slalemenl of Financial Activitie8 includes all gains and losses recognised in the year. All amounts relate lo continuing aclivitieg. 14
Soutliampton Voluntary Services Balanec Sheet as at.11 Mai'ch 2026 Note 2026 2025 Fixed assets Tangible assets 479,861 506,388 Current assets Debtors Cash al bank and in hand 101.418 1,320.162 1,421,580 224,221 1.145,684 1,369,905 Liabilities Creditors.. amounts falling due within one year 40,276 29,689 Net current assets 1381,304 1340,216 Net assets excluding pension liability 1,861.165 1,846,604 Defined benefit pension scheme liability Net assets including pension liability 1,8,61,165 1.846,604 The funds of the charity Restri¢ted funds 13 444116 Unrestrlcted funds.. Designated General Unreslricled Income funds excluding pension reservé Pension reserve Total unreslricled funds 1,295,729 156,589 1.452,318 1,295,729 106,759 1,402.488 12 1,452,318 1402,488 Totsl Charity funds 1.861 165 1,848,804 The notes on pages 17 10 23. incorporating the Accounting Policies on pages 17 10 18, form part of these accounts. For the tinancial year in question the company 103515397} was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. No members have required the company lo obtain an audit of its accounts ft)r 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 lo accounting records and for the preparation of accounts. These financial statements were approved by the Board on 161h July 2026 and were signed on its behalf by.. S Ramsey Chair C Rogers Treasurer 15
Southampton Voluntary Services Cash Flows as at 31 Mai'ch 2026 Statement of ¢ash flows for the year ended 316t March 2026 Nots1T 2026 2025 Cash used In operating activities 174.478 14,102 Cash flows from investing activities Investment Income 33,027 Cash provided by investing activities 33.027 33,810 Incre8sellDecreasel in cash in the year 174,478 47,912 Cash at the beginning of the year 1,145,684 1,097,772 Total cash at the end of the year 1,320,162 1,145,684 16
Southampton Voluntary Services N(btes lo ihL. FiiianLial Statements foi. tlie.year ended 31 M#rch 2026 Accounting policies 11a} Basls of preparation Soulhamplon Voluntary Services Is a charitable Company limited by Guarantee. The company is registered in Enoland 4nd Wales. and Els r&gislered office is sel out on page 2 The financial slalemenls have been prepared in accordance with Accounting and Reporting by charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 leffeclive 1 January 20191 Icharilies SORP IFRS10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 and the Companies Act 2006 The Charity is a public benefit enlily and considered by the Trustees to be a going concern. 11bl Funds structure Fur>ds held by the charity are either Unreslricled general funds - these are funds which can be used in accordance with the objects al the discretion of the Iruslees. Designated funds these are funds sel aside by the trustees out of unrestricted general funds for specific future purposes or proje¢ls', or Restricted funds these are funds that can only be used for particular restricted purposes wilhin the objects of the charity. Reslriclions arise when specified by the 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 11c) Income Income Irom charitable activities arises solely in the UK and includes income received under grants, conlracls and service level agreements. Amounts related lo future period5 are shown as deferred income. Incoming resources are recognised when the charity's enlillemenl lo the resources is wnfi"rmed, il is probable that the resources will be received, and they can be measured with reliability. 1{dl Expendlture- dlre¢t charitable, govtrrnance and 5UPPQrt costs Expenditure is recognised on an accTuals basis. Most expenditure is ciireclly calegorised as expet)diture on charitable actlV11ies. The benefit of this direct categorisation of resources expended is that there is no unallocated expenditure or 'support costs,. 1{el Tanglble fixed assets Tangible fixed assets are depreciated on a straighl-line basis over their eslimaled useful lives 8s follows". Asset cale Voluntary Action 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 Cenlre. All assets of £1 k are capilalised and full year depreciation is applied on year of a¢quisilion. 11fj Impairment of assets Assets that are subject lo depreciation are assessed al each reporting dale 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 ils fair value or ils value in use. As the assets are held for the charitsble service potential to ils beneficiaries, Il is appropriate lo regard value in ils use as the assets service potential measured by ils replacement value. The replacement cost is the lowest economic cost that would be incurred in replacing the assets service potential. 17
Southampton Volllntary Services Notes to tlie FiiiAI)eial statements fov the yt*i' ellde(131 March 2026 11gl Flow through fundlng The charity deals with the onward payment of costs on behalf of some other organisalions. These sums are excluded from both incoming and expended resources on the basis th21 they do not represent incoming or expended resources for the charity itself. The amount of flow through incoming and outgoing funds dring the year were £nil12025.' £nill and £nil {2025'. £20,976) respectively and the funding held at the year-end was £24,754 {2025' £24,754). 1Ihl Debtors Trade and other debtors, relating mainly lo grant monies due, ale recognised on the Balance sheet. Prepaymènts are valued at the amount propaid. Illl Cash and Bank Cash at bank and cash in hand inclueS cash and shofl term highly liquid investments with a short matLJrily of three months or less from the date of acquisition or opening of the deposit or similar account 1UI Creditors Creditors are recognised where the charity has the present obligation fesulting from a past event will probably result in the transfer of tunds lo a third party and the amount due lo sellle the obligation can be measured Dr eslimaled reliably. 1 Ikl Financial instruments The charity has the financial assets or frnancial liabilities of a kind that qualify as basic financial inslrumenls. The basic financial instruments are recognised at transaction value and recognised 81 their selllemenl value. 1111 Judgements and applying accountlng pollcies and key sources of estimation uncertalnty. In preparing these financial slatemenls, the directors have made the following juclgemenls. Determine whether there are indicalofs ol impairments if fixed assets. Factors taken into consideration in reaching a decision include the service potential of the property and ils underlying replacement cost. In preparing the accounts key areas of eslimalion have been made Tangible fixe(J assets are depreciated over their useful lives considering residual values, where appropTiate. The actual lives of the assets and the residual values are assessed annu81ly and may vary depending on several factors. In Teassessing asset lives, factors such as charitable use and mainlenanco programmes are Considered. A provision is made for the deficit arising on the charity's share of the Local Govetnmenl Pension Scheme. The Iruslees review the underlyirtg actuarial assumptions and make the appropriate judgments and changes required as suitable to the charity. Related party dlsclosures 21al Control of the charSty Throughout the year, the charity was controlled ultimately by ils members who meel annually al th& Annual General Meeting. The directors elected by the members govem the affairs of the charitable company b&een Annijal General Moelings. 21bl DSrectors I trustees remuneration and expenses No remuneration was paid lo any directors I trustees in the year and no director I trustee waived the right lo any remuneration in the year. Trustee expenses have been reimbursed in the year to the value of £Nil12025.' £Nill Tangible fixed assets Voluntary Action Centre Office & proje¢t equipment Computer equipment Total Cost: As al 1 April 2025 Additions As at 31 ivlarch 2026 1,220.093 151,767 119,635 1,491,495 1220 093 151767 119 635 1491,495 Depreciation.. 18
Southampton Voluntary Services Notes to the Finaii¢ial Statements for tlie yciir ended 31 M#rel1 2026 As at 1 April 2025 Charged in the year As at 31 March 2026 713.705 26,527 740 232 151,767 119,635 985,107 26,527 1011634 151767 119 635 Net book value: As a11 April 2025 506,388 506,388 As at 31 March 2026 479,861 479.861 All fixed assets are held al historic cost. Included in Voluntary Action Centre is £159,000 of freehold land. which has not been depreciated. Debtors 2026 2025 Grants receivable Other debtors 92,885 8,533 101,418 220,867 3,354 224,221 All amounts are due within one year from the balance sheet date. Creditors: amounts falling due within one year 2026 2025 Trade creditors Accruals & Flowthrough 14,154 26,122 40,276 3,735 25,954 2g,689 Deferred In¢ome 2026 2025 Brought Forward Amount released to Income Resourceg Amount Deferred in the year Analysis of Net Assets between funds Pension scheme Net Current a$$et$ Fixed assets Tot41 Reslricled funds Unrestricted funds.. Designated funds General funds Pension reserve At 31 March 2026 14 408,807 416,767 13 13 3g 479,861 815.868 156.589 1.295.729 156,589 479,861 1.381,304 1861165 Pension scheme Net Current assets Fixed assets Total Restricted funds Unrestricted funds.. De8ignaled funds General funds Pension reseThe At 31 March 2025 14 444.116 444,116 13 13 30 506,388 789.341 106,759 1,295,729 106,759 506 388 1 340 216 1846,604 19
Southampton Voluntary Services Notes to tlie FinaneiAI Stxtemeiits for tl)e.yeai' cniled 31 Mareh 2026 Net lexpendlturel for the year 2026 2025 Nel lexpenditurel for the year is staled after charging.. Depreciation Independent Examination (including VATI 26,S27 1,368 26,527 1,200 Staff Costs 2026 2025 Salaries and wages S(Kial security costs Pension Stakeholder scheme- matched contributions 363,252 331,569 42.450 27,231 11.941 10,393 417,643 369,193 No employees received remuneration more than £60.00012025'. 01 Key Management personnel comprise of the Chief Exe¢ulive Officer, the Senior Manager Business & Finance and the Senior Man8ger Operations & prramMe$. The lolal benefits received by key management was £1 $8,76412025.' £146,484) Average number of employees.. 2026 2025 Project workers (full limel Management and administration (full limel Project workers (part timel Management & Administration (part limel 17 16 Incorne Unrestricted Restricted funds funds Totsl 2026 Total 2025 Unrestricted income.. Office & Other 66,134 66,134 56,919 Restricted income Inole 141.. Restricted Projects Shopmobilily 674.572 58,063 732.635 674.572 58.063 799.185 711,400 58.563 824,882 10 Investment Income All of the charity's Investment income arises fro interest bearing deposit accounts. 11 Expendltur¢ Unrestricted Restricted funds funds Total 2026 Totsl 2025 Core managemgnl & support costs Restricted expenditure Inole 14}.. Restricted Projects Shopmobilty q6,304 16,312 38,431 721,124 46,780 767,904 721,124 46.780 784.208 600,771 50,483 689,685 16,304 20
Southampton Voluntary Services Notes to the Fiii#iicial Stateinejits fol. tlie )'eaY etided 31 March 2026 12 Unrestricted funds A11Apr At31 2025 Movement Transfers Mar 2026 Nole Desi naled funds VAC Property Staffing reserve Building maintenance Computer and offi'ce equipment Legal 506,388 563,705 142,636 30,000 20,000 33,000 1,295,729 126,5271 26,527 479,861 590,232 142,636 30,000 20,000 33,000 1295,729 General funds Geneol reserve 106,759 49,830 156.589 Other funds Pension reserve 3g Totsl unreslricled funds 1402.488 49.830 1452 318 A11Apr A131 2024 Movement Transfers Mar 2025 Not$ ds VAC Property Staffing reserve Building maintenance Computer and office equipment Legal S32,915 537, 178 142,636 30.000 20,000 126,5271 26,527 506,388 563,705 142,636 30,000 20.000 33,000 1295 729 1295.729 General funds General reserve 18.488 106,759 Other funds Pension reserve Total unrestricted funds 1,384,000 1402,488 The VAC depreciation reserve was Set up when the Voluntsry Action Centre was built in 2003 and represents the remaining net book value of the VAC. Each year a transfer is made to release from the reserve into the Property fund an amount equal lo the annual property depreciation. The total ot these two reserves equates lo the cost pri of the VAC less impairment provisions. The other designated reserves are funds sel aside for specific purposes essential for the future operation of the charity in the short lo medium term. Transfers are madè between these funds and the general reserve as required. The Pension resetve was sel up as a result of the implementation of SORP 2005 and continued under SORP 2015. This introduced the new heading of Defined benefit pension s¢heme liability. into the assets and liabilities section of the balance sheet. mal¢hed by the introduction of a specific negative Pension reserve in unreslricled funds. 13 Re$tri¢led funds At1Apr Incomlng 2025 resources Outgoing resources Transfers At31 Mar 2026 Volunta Sector Su ort Community development lcapacily building Health Voluntary sector training Community Roots He8llhw8lch 105,539 72,664 9,988 20,166 53,491 19,364 149,4971 75,406 72,664 9,988 5,923 53,512 114,2431 1132,1311 132,152 21
Southampton Voluntary Services Notes to the Fiiia)i¢ial Statements for the year ended 31 March 2026 Fairness Commission Pippa VAC contributions SO Linked YPF Trust SO Lets Connect Buildings & Innovations UKSPF SEAS Development HDRC Total- Voluntary Sector Support 2.747 5,061 4,459 23.067 104,S25 6,809 6,358 12,216 2,747 5,061 4,459 7,702 103,108 348,149 36,000 {363,5141 {37,4171 16,8091 6,358 5,928 38,948 15,673 407,477 39,912 87,000 11,995 674 572 {46.2001 148,0521 23,261 (721, 124) 26.939 454, 029 Pro ects Shopmobility- Gen@r81 fund Shopmobility- Charitable and other funds Sublolal Shopmobilily 4,883 14,796 (9.913) 4,883 3,513 1,3TO 58,083 58,063 46,780 (46, 780) Total- Projects 9,913 58,063 46,780 7,370 444, 116 732, 635 67,904 408, 847 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 Fairness Comrllission Pippa VAC contributions SO Linked YPF Trust SO Lets Connect Buildings & Innovations UKSPF HDRC Total- Voluntary Sector Support 98,059 72,664 9.988 22.907 46,312 2,747 5.061 4,459 22.813 3.020 49.012 6,358 12,857 15,3771 105,539 72,664 9,988 20,166 53,491 2,747 5,061 4,459 23,067 104,525 6,809 6,358 12,216 26,939 454,029 3,500 138,938 16,241} 1131,7591 356,944 104,000 1356.6901 12,4951 142,2031 53.166 41,995 711, 400 140,9501 15,056 (600, 771) 343,400 Pro ecls Shopmobility - General fund Shopmobility - Charitable and other funds Sublolal Shopmobilily 4,883 20,876 (15,993) 4.883 56,563 56,563 50.483 (5LI,483J (9,913) To181- Projects 15,993 56,583 50,483 9,913 327,407 767,963 651,254 444.116 14 Government grants Income from government conlracugranls comprises performance related conlracvgranls by the local 8Uthority lo fund the core activities and projects during the year. Revenue funding from the council amounted lo £659,813 12025'.£697,0951 Cash paid to Southampton City Council amounted lo £9,34912025. £9,037) Balances included in debtors are £76,88412025.' £208,866} & creditOTS are £nil12025.' £531. 22
Southampton Voluntaiy Serviees Notes to tlie l< jiianciAI Statcinents foi. the vear eiillcd 31 Mareli 2026 15 Corporation Tax The charity is exempl for lax on income and grants falling within Taxes Act lo the exlenl that there are applied lo its charitable objects 16 Reconciliatlon of net movement in funds to the net cash flow from operating activities 2026 2025 Nel Movement in funds 14,561 135,197 26,527 Add back depreciation charge Less Investment income 26,527 Pension Movement Decreasel{Increase} in debtors (Decreaselllncrease in creditors 122,803 173,0581 (40,7541 10,587 Net cash used in operating a¢ttvilies 174,478 107,678 17 Financial Instruments 2026 2025 Financial assets Financial assets that are measured at amortised cost 1.421580 1369 905 Financial liabilities Financial liabilities measured al amortised cost 40,276 29,689 18 Prlor year Income & expenditure Unre8lricted Funds Reslricled Funds Total Funds 2025 Total Income 56,919 790.3 824,882 Total Expenditure 38,431 689,685 135,197 23