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 n￿mber 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$pff￿d to make positiv6 contributions lo their commur7ilies. SVS'S Organisational Values are defi'ned as". Passion SVS believes voluntary 8Ction 18 built on the passion of people and communities to Fnake a positive difference. Inclu$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 IcoritiHU￿1j Llalson as a focal point for the local voluntary and community sector in so￿thaMptOn, 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: Cont￿tt 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 (coliti￿Ucdl 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 SerVi￿s. 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(leds 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 d￿ring 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 inclu￿eS 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 & pr￿ramMe$. 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