Community Association VENTURE COMMUNITY ASSOCIATION FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31st March 2025 Reglstsrad Charlty Number: 1073115 Company Ileglstered Number: 2178614 VENTURE COMMUNrrY ASSOCIATION Trustee< Report for the year ended 31st March 2025 Chairfs Introduction It glves me great pleasure to 1ntrcéu￿ our Annual RetK)rt and Accounts. Every year, my Introdurtion seems to begin with a crisis and this year is no eX￿ption. But if Ilfe were easy, there would be no for Pla￿ like the Venture Centre. We exist preasely for tirnes like these to cetthate the good, to weather the bad, and to keep our dixfs open when people need u5 Ufe can be unfair and un4ual. One of starkest inqualities in our diverse bDroLwJh is the gap In life expectancy betw&n here and just a short walk to the south. Yet there is one proven way to bridge that gap: connection. The more meanlngful relats'on5hlps you have, the longer - arKI althier - you live. Loneliness, after all, can harm y￿Jr health as much as srnoklng. Thays why thls year, as always, we put sooal connection at the heart of ever?thing we do. Our doors were open seven days a week- through Bank Holldays and even over Chrfstmas- providing warmth in wlnter, cool reftjge In summer, and a constant welcome to all. Everyone, of every age, Is Invlted to share free tsa and coffee, use the interneti join In activities, or simply sit and chat. And people have responded in extraordinary numbers. This year alone, more than 6,000 people ame thrwgh our doors, lQ,QOO children played In our playground5, and we served i)ver 40,000 meals. Each of those moments- a shared Meal, a frlendly conversation, a gamq a smlle helped strengthen the soaal fabric that keeps thls community allve and well. Our foJdb3nks at trnth Venture Centre and RaShp￿nt In Chelsea continued to suP￿t hundrals of households, whlle also cuttlng waste. Is at the heart of what we do because It brings people together. E￿ry dayi chlldren at our playgrounds enjoy hot, healthy meals- small aLt that means a lot ft)r famllles faclro diffioJlt chol￿, Our Meet and Eat communlty lunches, at the Venture Centre and at Flashpoint, remain orE of the most Joyful examples of connection in acbon - where people come for the food but stay for the frtendshlp. Th15 year we launched a new Family Night out, an evening verslon of Meet arKI Eat where our whole community can conR together. We know that for a famlly, a meal out can be an unaffordable luxury. So, we dlmmed light5, lald the t*les and sen￿1 up a ￿Staurant quality rneal, so everyone could relax and enjoy preci(￿5 time together. Our fouTrseason community programrne contlnues to burst with Ilfe. With around 30 actlvities runnlng from Monday to Sunday - from art and dan￿ to Zumbables - there's somethlng for everyone. Each season, we publlsh tNo cdourful baoklets {ft)r North Kensington and Chelsea), showcaslng our own activities and highlighting the best of whaY5 happening I￿ally1 helpl Eople connect wlth opwrtunltles rlght on thar dLx)rstep. This summer, our playgrounds On￿ agaln buzzed with energy. From breakfast club at 8:30am to evening close, Dur young people enjoyed a full day of play, leaming, and laughter. As afrrtays, the hlghllght was the residentlal trip to Kent, complete with Carnpfi￿, zipwires, and late-nlght antics the kind of eX￿rien￿ that builds confiden￿, filendshlps, and memorles for Ilfe. We also spread the Joy of Carnival far and wlde - from Powis Square to World's End Wiazza - with our much-loved prtrcarnival ￿le1xationS and the Steel the Show youth steel band, 5hDwing how music and culture connett us all. VENTURE COMMUNITY ASSOCIATION Trusteas. Report for the year ended 31st March 2025 Before long, Chrlsbnas arrI￿d - arKI wlth It, our unlque"alternatlve" New Year s Eve celebratk)n. We rang in the new year at rnidday alongside Sydnevs fireworks, so even the YoU￿est and oldest among us could share the magic togtther. (Of cr)urse, we hdd another celebT3tion at mldriight for ttrKse who coulj stay upl) It has been a busy and pthundty connected year. Through everythlngi seen hw slmp acts rf togethemess - a shar&J meal, a c(xNer5ation, a warm SPa￿- (2n transfomi lives. Bexause IVS only when we come together that we can truly thri￿. We are d*ply grateful to all our pathers and f￿derS -The Royal Bon￿gh of Kenslngton aryl Chelsea, The Natlonal Lottery Communlty Fund, Peabody Trus¢ JH RauslThJ Tru* The Carlng Famlly Foundatlon, Youfyj K&C, Lancaster Youth Hub, Kenslngton & Chelsea Soclal Coundl, Jthn Lyon's Tru* and all thcEe who glve tTr￿1r time, energy, and donatlons. My thanks also go to our dedicat8J team. W￿liaM Robats cpntlnues to lead wlth great drfve, SUPW)rted by a th￿nted Senlor Management Team - lyob Z(Irstos as Head of FinarKe and Mellssa Richards as SeNtes Development L&xl. However, It's all about havlng a great team. Our apprent1￿, volunteers, and staff all emlxKly what Venture stands for: comrnunlty In acdon. I am equally grateful to my felkhv trustees for thelr cortlnued gUIdan￿ arxl wisd(xn arKI for glvlng tr￿lY of their ts'me. But above alli my thanks go to our communlty. Because Venture Is not just a plao- It s people. IYS frlendship, laughter, and sdldarlty. IYS the feeling of beknglrvJ. And tha¢ m¢)re than anWilrMJ else, is what keeps us Strorwj. We are - and always wlll - Venture. Huw Walker (Chalr) Huey Walker (Dec 16, 2025 16:37.'fy) GMT) VENTURE COMMUNrrY ASSOCIATION Trusteos. Report the year ended 3tst March 2025 The trustees present thelr report arKI atxujrts fc* the year ended 31 March 2025 whlch are also prepared to meetthe requirwnents for a dSrectors' rewt and accounts for Companies kt purposes. The accounts have been preFored In accordarKe wth the accountiNJ set out in note I to the Kcounts and comply with the company's memorandum and articles of ass(Kiation, the Charfiies Att 2011, the Companies 20[￿ and kcountiw and Reportlng by Chaiities: stat￿nent of Reccrnmended prath"￿ applicable to charitle5 Fwaring their accounts in wlth d Financial ReportSng Stsndard applicable In the UK and Rewblic of IrelarKI (FRS 102), effettive I January 2019. REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARrrY, ITS TRusfEES AND ADVISERS Tnts have served from l¥t Aprll 2024 to the date of atvroval of acmunts (arnl as mernbers of the Managemert Commlttee) are: (Jlllan Klelnert fillian Kjelnert Adam Fergus (freasurer) Karlna Sklnner Alison Sage Colln Slmmon5 Huty Walker (Chalr) ApF<>lnted R£signed Appolnted ApFolnted Appoint&l Ap￿Inted Appointed 161h OCto￿r 2014 17th April 2024 3rd ￿ernber 2015 24th Octsber 2019 16th October 2014 5th June 2017 Appjlnted 26¢h March 2015 and appolnted as chair on Iph Aprll 2024 14th May 2015 17" April 2024 Nlcole Belfon Monica Baron ApFolnted App)inted Senlor Stsff: William Roberts lyob Zkirstos Mellssa Rlthards Bacchus Dlrector Head of Flnan Se￿￿ Developff￿rtt Adv19ers: Bankern ALMJitcKs Knox Cmpper LLP 65 Leadenhall Street LoThJon EC3A 2AD CAF Bank Ltd 25Kings Hill Avenue, King5 Hlll, West MalllffJ, Kent ME19 4JQ Peninsula &Jslness Servt (HR and Health and Safety) Rlverslde New Balley Street Marthester M3 5BD VENTURE COMMUNrrY ASSOCIATION Trustees. Report for the year ended 31st March 2025 11 srRUCTURE, GOVERNANCE AND MANAGEMENT Trustee5 are rEcrulted thrr)ugh a process rf 5dec￿on and eleLtlon as outllned In our constitutlon. The prcw involves nomlnatlon of prtential trustees from the memtership base. Nomln*s are then eleled at the Annual General Meetlng; up to ten trustees can be elected to the Eoard In a year. From b'me to time the Board of Trustee5 (rhe Board) Invltes new people to ￿[n as Ctroptees. Up to flve Indmduals a year can be ctropted onto the Board. All new trust￿$ re£eive an Induttlon pad( whSth provkles informatlon about the roles and respcn5ibilities of Trnstees. They are also Inm￿ to meet with the Dlrector and senlor staff to uTrJerslarKI more about the operation of the Centre. Trustee5 are Invited to partiCiFklte in a range of tralnlTrJ events organlsed by varlous umbrella bc(Iles. The Board is responsible for overall g0veman￿. It Is also reS￿nsIble for keeping financial records whlch dlsclose the financial p)SitIc￿ of the charfty. The Board considers recommendatlons from two su&commlttees, Flnance and Encorne Generatlon arKI Communlty Development committee5. nificant rl&k Sgnlficant redudon In fundralyng and loss of roc¥n hire5 incorr Mftl atlon Expand and Dlvexslfy Fundralslng OFyortunltles: Conynue to Identfy and develop Inr￿atIve strdtèJles tr) broaden and enhan￿ fu￿1ng source5. Secure Fundlng IncJJme Generatlon s￿la11st. Pursue fUr￿Ing to hlre a skEclallst dedcated to develLylng comrnerclal revenlje streams and SeCu￿￿j s￿nSOrShIp q)portunltres. Loss of core and playground fimdlThJ, Includlng tr£ two new utlllse New Locatlon5: Leverage addltlonal sltes In Kenslngton and Chelsea to expand ac￿55 to trust funders wlth geograFthiol funding crlterla. Enhan￿ lThllvldual Girfng Strategy: Create Implement Compre￿ns￿e ￿an to Ixost Indlvldual donatlons and bulld lono-temi dontr rela￿onshIps. Promote Fa(Jllty Renials: P£Uvdy market roomi playgrourKI, oth fadllty rentsls, ensurfrrfj full 1xmn￿1an￿ arKI safety protocols to provkJe S￿Ure and acce55lble 5pJces. Safejuardlng rlsk of chlldren and vulneralle adults Estabtlshed Pol￿e5 and Procgjures: Rc*u5t ￿tIeS and prc(edU￿ are In pla￿ to ensure $3fety and complIan￿. Enhan￿d DBS Clearance: All staff, voluntetr4 and trustees underyjo enharKed DBS chth to uphdd safe pract1￿. Safer Recrultrnent Prathts: Recrultrnerrt pr(￿sseS are (*slgned to prt0￿se safety, ￿nbeddI￿ safer recrultment 5tsndard5 acr￿ all rde5. Tralnlng armd Awareness: 5tsff a￿[ volunteers recelve tralnlng to potenttal15sues and handle dsdosures effettlvely and Sen￿tivelY. Regular Safety In5Fecb"on5: Routine physlcal health arKJ safety chth are condutteLI for t￿lIdIng5 and playground5 to malntaln a wure envlronment. VENTURE COMMUNITY ASSOCIATION Trustees. Report for th• year ended 31st March 2025 Finan￿ and Income C£neration Committee cwersees income and expendlture across all areas. It looks at Issues around financial controls and furKlrai51ng. The Treasurer sits on this Committ and receives report5 from the Director and Head of Finance. The Communty Development Engagement Committee over*es development attivltles acr055 all areas of the ￿ntre. This committee 15 expetted to become oporational wlthln the naxt few months and will monltor the dellvery and facllltation of a WKle range of accessible educatk)nal and recreab'onal actlvltles, as well as Informatl￿ serv7￿ for Indlvldua15, groupsi ond communitles. The day-to4ay running of the Organisation and financial management Is delegated kn the Director who re￿rtS to the Chalr of the Board of Trustees. 2.1 Statement on Rlsk The Trustees have examined the major strateglc and operational risks and confimi that system5 have been established so that the ne￿sSary steps can be taken to control these risks. The main risks for thi5 flnancial year and the m5tigatlon plans are as follows: OBJEcfivES AND ACTIVITIES FOR THE PUBUC BENEFIT The objective of the Venture Q)mmunity ASS￿latIon (VCA), as deflned in Its goveming docurn￿t, Is to promote the benefit of the inhabltants of North Kenslngton and the nelghbourhocxl. The Centre W￿kS wlth the local authority, ststutory provlders and other voluntsry sector organisatlons in partner5hlp to relieve t>Jvety, advan￿ edL￿tIon, and provlde fadlltles for recreatlon and lei5UTe in the interests of saoal welfare, wlth the alm of Impro%fjng the condlt5ons for resldents of N K￿sIngtOn and neighbjurhood arKJ the ￿lIef of povety of Inhabltants. The VCA also provldes play and other facilities to help ar￿ educate chlldren and young ￿sIdents or those who attend sctrmls In North Kertsington and neighbourhood to develop thelr physlcal, mentsl, and splrltual capacltles so that they may grow to full rnaturlty as individuals and as members of sodety. To achlerfe Its obJKtlves the organlsation does the frAlowlng: . the provision and facilitation of a wlde range of ac￿5$ble educatlonal and recTeational actlvltles and informatkn for indi￿dUalS, groups, and communities hosts and supwrts partner organlsattons that dellver complementsry inltiatlves VENTURE COMMUNITY ASSOCIATION Trnstees. Report for the year ended 3tst March 2025 kyovldes a ffi'endly and safe envlronment offerfng SUPFQrt and friendship. organlses a pr(NJramme and oprK>rtunltles for consuitstion wlth our members a￿1 local resldents. provlde5 an open acceks adventure playgr(xJnd and complementsry enrichrnent prc#3fdmrne to enable youn9 people to thrive In all areas. To achFeve all It sets out to do, the VCA will contlnue to work in partner5hlp wlth statutory, voluntsry arKd communty organisatlons to develop Innovative Serv5￿ whlth allow Feople to come tcoether In educ3tl¢x, lelsure, and recreatlon programmes. The tNstees conflrm that they have referred to the guldanTr contslned In the Charfty CommIssi￿ s general guidance on publlc benefit when revlewiThJ the cha¢ity's alms and Obj"￿iveS and In planniThJ future ac￿￿￿ties. The Trustees consider how planned activlties contrlbute to the futfilment of the charity's objecbves. 3.1 Mlsslon Statement The mlsslon of the trganisatlon Is to kyovkle an Improv￿1 quality of life In whlch I(￿al people, Irr￿e of age, gender, Sexual orfentatNJn, abllity, polltlcal, religious or other oplnlon, are encouraged to come together to access a wlde range of OPF#)rtunltle5 and SUPFQrt, to re501ve need5, and to develop aspiration5. Introductlon t￿ring the year endlng 31st March 2025 Venture CDmmunlty ASsoda￿an CDntlnued to dellver arm develop ts programme of Plventure play, Communty acdvlties, Leamlng and support and Even The main areas of tharltable actlvlty contlnue to an)und the provlslon of communlty developrn￿t Inltlatlves, communty leamlng, communlty events, I￿Ing a resource for the l(xal communlty, arKI provldlng opportunlties for resldents acros5 the Royal Borough of Ken51ngton and thelsea. Comfflunlty Development and Activity Over the p2st year, our communlty development work contr'nued to strengthen connectlons acrDSS Kenslngton and Chelsea, fosteriThJ Induslon, wellbelng, and engagement for children, famllles, and older resldents. Through ta￿eted Fyojrammes and Out￿aCh actIvI￿es, we ha supP￿d sodal cohesion, promoted volunteer participation, and provided OPPDrtunitles for residents to aC￿Ss ser41￿s, infomiats'on, and community-led Initialjves in a welcoming and acre5sible emiironment. These efforts have hel￿ to build resil1en￿, encourage actfve partidpatirm, and ensure that all mernbers of the communlty benefit from Induslve, enrlchlng opportunities. Communlty Engagement Programme Our a)mmunlty engagement prDJramme contlnues to work to foster communlty coheston by dellverlng a suite of attSvities for thildren and adults and families, developed in partnershlp wth residents and organisations. Our communlty engagerr£nt team has Increased the number of meeting5, identifylng that a a)mprehenslve programme Integrates flve essentlal coM￿)nents. health and wellbelngi events, physical activlty, leamlngleducation, and infomiationlsignpjsting. We p￿￿ a strong focus on fosterlrKJ partnerthiF6, mllabcfative efforts, and resource sharing. VENTURE COMMUNITY ASSOCIATION Trustees, Report for the year ended 31st March 2025 We hwe fc(used on the five components and used feedback from our 5erviTr users to ensure we provide a wide range of attivities and oppcrtunltles to strengthen our engagement for change providing activities communlty aLtivities toth north and south of the bor0￿h. Yoga Pllates Boxlng Sa15a Bodwelghts and bands Circult Zumba Zumbabies Leamlng and Educatlon - Dlgital Induslon workshops Phonl(J Atoms online learnlng stay & play Homework dub Cooking dub Financlal workshop Re51dentSal Events- Communlty Eld celebra￿On Camlval come5 to Chelsea North Ken51ngton G￿nIVal party Valentlnes party Communlty Chrfstrnas pa st Patricks New beglnnlngs CorOna￿on street party (north and south) Black Hlstory Month Celebratlon Festlve Celebratlon Altsmative New Years 50th Gllssando annlversary pa Kenslngton and Chelsea Arts festlval at LWS Meet and eat evenlngs addltlon Noments of Mt)therhocKI steel the show AGM Revive, reconnect & recycle Well belng Vltality Village Together at Chr15trnas (ncyth and south Suent disco Modrtall maklng Bingo Event Renagade Christmas show for children and Adults Grenfell annlversary Donation day Community baby shower Chelsea Tt Georges day VENTURE COMMUNrrY ASSOCIATION Trustses. Report for the year ended 31st March 2025 Health and wellbelng- ainlcal Vilates Meet eat Qjmmunlty Cwkery Workshop fvkntal Wealth Programme Cultural art workshop Board game s(£ial 12 step programmes Crochet Sewing Sound bath Baby massage Pid(les and resetve frweek pr(4ramme Inf0M￿lI0n and slgnpostlng ~ Stsy and play Zumbabies CAp-AdventU￿ playground FoDdbank and foc(15UPFQrt Meet and eat S¢xlal meLlla elsea theatre SalvaUon army Ken51ngton and Chelsea soclal councEI Grenfell community health and wellbeing Grenfell resldent lead panel Peal￿dY outreach Cofflnmmlty Carnival Arts Progrnmm• From last year through March 2025, Communlty Carnlval Arts Programme contlnued to grow In reath, parttipation, and communlty Impatt. We were proud to be awarded njnners-up at the CAPCA Nurseries &rnival, a slgnificant mllestone recoJnlslng the creativity and commitment of our your* partiapants. Acr055 the year, we delivered three oUtd￿r omival events in Kenslngton and Chelsea: Carnlval Q)mes to Chelsea, Steel the Show, and tr￿ North Kenslngton Camlval Paty. eel the Show hlghlighted the éedicalAon and prcxjress of our young steel pan muslcians. This year, we Increased the number of partkapatlng bands, provldlng rnore chlldren wlth ac£ess to thls culturally significant instrument and broadening orry)rtunities ts musical developrr£nt. We aim to (xjntinue expandirKJ participatlon year-on-year. The North Kenslngton Gryrnival party was dellveral In partnership with Age UK, offerlng a culturally rith and inclusive ￿lebratIon for older residents. This partnership remalns a valued component of our IntergeneratlDnal work and support5 sixlal connectlon for older adults, We also participated in On the Road Sunday wlth Carnlval Mllage Trus¢ engaglng 15 children and their familie5 in a 5erles of camlval-art5 workshops. Participants took part in hand5-on actlvlties that promoted apatlvlty, cultural expresslon, and family participation. VENTURE COMMUNrrY ASSOCIATION Trustees. Report for the year ended 31•t Marth 2025 This Inlttative further strengthened our partnershlp wlth Camival Village Trust and eAPanded opportunities for l(Kal familie5 to eXper￿￿e carnival arts within ac￿SIble community settings. Carnival Comes to Chelsea saw a significant InLTease in at￿dantr, The event benefitted fr￿￿ strengthened collaboration wlth RBKC HousirtsJ Management, Carnlval Vlllage Trus¢ Chel Theatre, and a range of local businesse5. The* partnerships helpe￿ make the event more Irrlusive, engaglrvJ, and representauve of the wlder communlty. Food and Support Servlcas Our focxl aThJ support continue to be a vital area of ddiveryi addr￿Ing fr￿￿ in*curity and s(Klal Isolatlon across North Kenslngton and Chdsea. We operated two weeldy food banks In North Kenslngton and Wtxld's End thelsea, supported by RBKC, CitiTrns Adv1￿, Chelsea Community ￿ampIOnS, and r)ther voluntsry partners. Together, these banks conslstently 5UPFQrted over 2(X) ￿pIe every weeK ensuring stable acce55 to essentlal food and househokl items. Our Meet and Eat and evening communlty sesslons vRlcomed 3(HO resldents ￿Eekly, offering Informal opFortunltles to engage wlth a wlde range of wofe5slonals. Representstlves Included sodal care teams, adult learnlng providers, MetroFMJlitan Police, NHS stsff, the Naturnl Hlstory Museum, RBKC departments, We5Lway Trust, Golborne GPS, 5cKlal PrescTibing Llnk Workers, and Communlty Llving Well. sessions provide a wami and 5UPPJrtfve environment where resldents can access gUIdan￿ arKI 5UPPOrt wlthout the need for formal apry)Intments or referral5. We also dellvered a range of communlty cwkery programmes deslgned to promote IEalthy eatlrNJ, nutrltlon, and COnflden￿ In the kltthen: Recipe for Suc££ss Youth c￿kIng lkngramrr Hldden Veggle Children'5 Cooklng Prc#Jramrne Gr&ns and Gocxlness Communlty Cookery ProJramme Super Soups Programme, offerlng warm, healthy opyons durfng ojlder mnths Natural Ajtematlves, fwslng on culturally dlverse and low-sugar redpe5 Together at Chrlstmas In Collab)ratI￿ wlth the Carlng Famlly ￿ndatIOn, we dell%ered the annual Tcoether at thrlstmas e%Ent ft)r vulneratAe famllles In North Kensington and Chelsea. The erfent supported 80 families, offerirKJ a range of festive activities IrKludiThJ *dpan carol performances, a Christmas lur provided by The Ivy RestauranL thildren's entertalnment, glfG for all children, and both a winter coat and a food pa￿1 for every child. This initiative provkled essentlal practical support ak)ngskle a Jofful. communlty-f￿USed ￿lebratkIn. Leamlng Lab The Leamlng Lab contlnues to play a central rcle In supportlng chIld￿n and young people to develop academlGIIIyi sodally, and err#)tionally. Thls year, the programme expath further, offering a broad range of actIV￿.e$ that pronTh)te learningp confiden￿, and Ilfe skllls. Acbvities delivered induded: Homework Asslstan At(Mns Online ￿Em leaming A First Aid Course for children and young twle Weekly sfEM Workshops A slx-week Makaton Programrne Cndlng Club Yoga S￿S1Ons Weekly Cooking Workshops VENTURE COMMUNITY ASSOCIATION Trustees. Report for the year ended 311t March 2025 Saturday Drama aub Saturday PIK)nlts delI￿r&I In partnershlp with Real Palion These aCti￿￿tieS remain consistently well-attended, and the demand for places continues to grow, refl￿ting the value the Learning Lab provides to chlldren and famllie5 across the Ix)rough. Qjmmunlty and Adventure Play Slte5 Our Adventu￿ Play and Community Ilay sites In RBKC (rffltlnue to offer Incluslve, Safe, and chlld- led play environments. These spa￿5 provlde a ￿de range rA recreatiuwl and developmental actlvFtles shap￿1 by the interests and needs of chlldren and yourvJ peopl& During term tlme, the sites operate 51x days a W￿k, deliverlng over 35 I￿rS of play and reCrea￿On weekly. Durlng sthool hdldays, the programrne expands to nlne h(￿r5 of dally actfvltJes, beginning wlth breakfast dubs at 8:15am. AtteTrjan￿ continues to rlse across all sSte5, hlghlightlng the growlng need for ￿cessible, hlgh¥uallty play provtslon wlthln the communlty. Summer Resldential Thls summer, we took a group of thildren to PGLLlddlngton in Swlndon for an unforgettable residentlal summer camp. Set acros5 150 acres wlth lakes, woodland trails and pUr￿)Se-bU1lt activity areas, slte Offer￿ eveTrthing from zlpwlre5 and abselllTrJ to archery, canoelng, raft- buildlngi and h5gh-ropes challenge5. The thlldren rctsted through a varlety of actlvltle5 deslgned to challenge, Insplre, and bulkl teamwork. Some faced thelr fea￿ on the high ropes, others worked together to bulld rafts, and many dlscovered new Confiden￿ on the trapeze or durlng Car￿ebro. One thlld exdaimed, "I didnt thlnk I could do the zIpwi￿, but I dld Itl It was amazlng!l• Evenlngs We￿ Just as memorable, wlth camp games, marshmallcyNs by the fire pl¢ fun-fllled laser tag sesslons, and dandng in the sllent disco. The* moments gave children the Chan￿ to ￿traX, soclallse, and create lastlng frlendships. Thls year. we were eSp￿lalIY proud to indude a large number of chlklren wtth SEND. All activltles were carefully planned so that everyone could partiapate a￿1 enjoy the experien￿. Parents and carers were able to take a genulne breaK knowiNJ their children were safe, SUPFxknJ, and havlng a fantsstic time. One parent Shared: -It was suth a relief to know my chlld could fvin in everythlng and come bad< so happy and woud of themselves.. By the end of the children retumed home mre Indep￿￿len¢ confident, and socLIlly confident, havlng dlscovered new skills, overcome Chall￿ge5. and shared laughter with thelr frfeThls. The residentkil was a perfect cDmbination of outdwr adventu￿, personal gr￿h, and fun, provldlNJ children with memories they11 treasure for years to come Beyond the fun and exdtement, these athvlties contributed slgnlficanty to the children¥ holistic developmenL They enhance￿ their problem-solving abilities, communication skills, and *lf- confiden￿. The experien￿ offered opportunttEs to develop soial skills, build reslllentr. and make Ilfelong memtrie5. For many of the chlldren, thls was thelr flrst chantr to Stsy away from home, which all0v￿d them to gr￿ more Independent, learn to make deasions, and sdve problems. Th￿ also improved their ablllty to communicAte eff&tively, collaborate, and appre(iate the value of teamwork. Addltlonally, exposure to neN eX{Erfen￿ and dI￿nt envlronments may Inspire a IIFelong ￿ssIon for travel or adventure, broadenlng thelr horizons In wnlngful ways. io VENTURE COMMUNrrY ASSOCIATION Trustees. Report for the year ended 31rt March 2025 CombattlThJ Chlldhood Obeslty and Prornotlng Healthy Llfestyles Auoss the year up to March 2025, our wyJrammes continued to play a vltal role In addressing chlldhocd obesity and promoting positNe health behaviours among children, young [￿Ople. and families. Our approach combines physical artivity, nutritlon education, and community-led learnlng to create long-terni, 5UStalnable healthy hablts. Daily adventure play, structured sports sesslons, and targeted swrts skllls actlvltle5 5UPPOrt chiklren to stay attive, build physicAI confiden￿, and develop Ilfelong enjoyment of movement. These sessions are deliveral consistently across our Adventure Play sites and contSnue to attr rislng attendance, refiettlng increasing communty need. Child￿n also benefit from enrithing trlps that comblne physical aLtivity, teamwork, and pErsonal development, These ex￿erIen￿S SUPPDrt Mt onty thyslcal health but also reslllen￿, motlvatlon, and c0nflden￿. Alongslde physlcal activity, we run a wlde range of healthy ccoking programmes for chlldren, ywng people, and the wider communlty. These Indude: Hldden Veggle Chlldren's CtX*klng Programme Redpe for su￿$5 Youth Ccoklng Programme Greens and f￿adnesS Communlty Cookery1¥09ramme Super Soup5 Warm Wlnter Programme Natural Alternatlves Cultural Foryj Sesslor Healthy Meals Programff£ cooklng dub arKI sugar-free dessert options for chlldren Families leam new reclpes, explore culturally dlverse fcths, arKI gain prattical tools to embed healthler habits at home. These pr(yJrammes remain consistently well-attended and suptx)rt our wlder goal of ImprDvlng food securlty and wellbeing across the bDfDugh. Through thls Inclusive, multl-layerej approach, we ensure every chlkl and famlly has access to aLtivitie5 that promote physical health, emotlonal resilien￿, and healthler Ilfe5tyles. Awrentl￿$hIp Programme Through Dur (x)ntlnued collabjratlon wlth the RBKC Economlc Development Team, we successfully dellvered two slx-month paid placements for residents, Alongside on-the-￿b expe￿en￿l participants accessed a 5trLlCtured package of accredited trainlng, Indudlng: Level 2 8uslness and Administratlon Manual Handllng First Aid safeguarding Data Protettion These opwJrtunitie5 Supp￿ residents to bulld employatxlty sktlls, confiden￿, and pathFways into lonw-term wor 11 VEKfuRE COMMUNrrY ASSOCIATION Trustees, Report for the year ended 31#t March 2025 Community & Maternity Champions Progranme (2023-March 2025) The Communty arKI Matemty Champions Pr(xJramme has aChIe￿d signlflcznt ￿tCOMeS Over the last year, driven by a dejioted ieam of voluntws who continue to demonstrate strong commStrment to strengthenlng health and well￿1ng across the tNxough. Des￿te major staffiThJ transltlons-lncluding the departure of the prevtous Lead in February 2024, the appjintment of Sally Nkrumah In April 2024, and her departure In November 2024-the prcoramme has remalned stable and effective. Followlng thls, Mlchelle Barrow5 and Ruth Chenery jointly took on the Champlons Lead role, sup￿rted by Kelly Wlcks, who now oVerS￿S monitorlrrfJ pro￿5￿ and ts perf￿Ing above expEctations. As of March 2025, the programme has: 15 adlve Champlons 8 newly recruited Champions Susta5ned engagement In toth Communty and Matemlty ChamFlon pathways Expanded ddNery desplte leadershlp changes Key Activities and Events Oral Health Promotlon WorkirNJ with the Oral Health Team, we delivered sessi(m5 in North Kensing￿ and at Flashpoint, World's End Estate. Famllies recelved free toothbrushes, t￿thpaste, and c￿*t￿one advi￿. Our Stay and PEay se5sicns also embedded oral health sUp￿rt across four points of dellvery during the year. RBKC Park• & Lel•ur¢ Servlceg Funday Cham ￿OnS hosted an Infomiatlon bocth, shared programme leaflets, aThJ engaged famllles In outdoor health activltles at the Emslie Horniman's Park 5ummw fun day. EM￿cIPated Runnlng Crew SK Run & Walk Thls camlval-themej communlty Nn raised awareness of sickle ￿11 dlsease and prOrnOta￿ blood donat1(￿ wlthln the BAME community. Partldpants aged 13 to 80 t£¥)k parL demonstrating wlde communlty re￿h. PNJpramme Hlghlights The prcKJram￿￿ offers dlverse I￿1th and wellbeing activities, designed to promote physlcal aCtI￿ty, redu￿ Isolatlon, and Improve mental wellbeiro. Key areas Indude: Men's mental health engagemert Public health Cdmpaigns across the Golbome ward Mother and baby a(tivities, includlng baby maw and Zumbabies Healthy eating wrjrkshops allgned with our wider CDmmunty f￿)d pr(xJRmmes Jpport for new ￿rents, IndLKling Feer groups and guldan 12 VENTURE COMMUNrrY ASSOCIATION Re￿ for the year ended 3111 March 2025 Key Inltiatives Mental Health Awareness Week Artivities induded: Four perlnatal mentsl health workshop5 Arornatherapy and relaxation SeS￿On Art therapy for ernoticThl expresslon and stress reduction Popular Classes Regularfy delivered ￿sKIn5 included.. Bootcamp Pllate5 arcult tralnlng Box Flt Cultural art sesslons Everyday Health breakfast sesslons Cofflmunlty Outreach Jnd Health Events We partnered w￿h local health proftssionals to offer ￿￿dents. Health screenlngs Wellne55 information Slgnposting to loczl servl Community-led neigh1x)Urh￿d dean-ups promotlng environmentsl health School-Based CollJbDratlon We worked wlth local Schools to dellver: Nutrition and healthy eaung workshops Phsslcal athlty sessSons Mlndfulness and wellbeing actlvltles sUp￿)rt for children with addrtional needs through Leamlng Lab conralk)ns Support for Vulnerable Populations Charnpion5 support￿ vulnerable families through: 13 VENTURE COMMUNrrY ASSOCIATION Trusteaq. Report for the year ended 31st March 2025 Fo(xl drlves arKI distributK)n Clothing donatlons Supwrt ft)r new and expettant parerts Access to ajmmunty wdlbelng attivltles One Maternlty Champlon mmpleted Ncf-accredlted breastfeeding SUPF()rt tralnlng and now provldes one-to£)ne suptmyt to parents. Champtons were formally r￿nISed thls year, receiving ￿rtifi￿te5 for the highest volunteer hours aLYoss the bl-Lw￿gh, demonstratlng thelr exceptlonal conblbution. Apprenticeship Scheme (Community Champions) Launched In July 2023, the Communlty Champlons Health & WellbelThJ Worker Apprenticeshlp Stheme continues to prcMJress. Tr V￿u￿ Centre Secured I￿0 pIa￿rnents, and the flrst Lx>hort is now nearing completlon of thelr tralnlThJ. Tr prrnndum and Artldes of A55c¥iation. They a￿ also responslble for safeguardlng the assets of the Chartty and hence for tsklng reasonable step5 for the preventlon and detethon of fraud and other irregularltjes. The Trustees confirni tha¢ In the case of each of the prsons who are Trustees at the date of this rerxxt, the followlng applies: . So far as each TN5tee is aware there is m relevant audlt Informatlon (Inf0M￿tIOn needed by the Charltable Companvs audltors In connettlon preparlng thdr report) of whlth the audltors are una%vare,' and Each Trustee has taken all the steps ne￿sSary to make herselflhimself aware of any relevant audlt Informatlon and to estsbllsh that the Charltsble Compan￿5 audltors are aware of that infomiation. This repjrt was approved by the Trust￿ on 9th of DecernEEr 2025 arKI signed by crder of Board: . y Order of the Truths Huey W3lk r (Dec 16. 2025 1637.00 Gmn Huey Walker (Chair) 17 VEKfuRE COMMUNfiY ASSOCIATION Independent Auditors. Report Opinion We aLKllted the ftnancial statements of Venture Communlty A5socSation for the year endej 31 March 2025 whlth corn￿5e the Statem￿￿ of Flnandal A(tlvltles (Indudlng the Income and Expenditure Ar£￿nt), the Balan￿ Sheet, the Statement of Cash Flo￿5 arKI the notes to the firkinaal ststements, ir£ludlng a summary of significant accounttng pdicies. The finandal reporting frarrEth that has te￿ applled In thelr preparatlon 55 apFlicable law and Unitad Klngthjm P£counting Standard5 (Unlted KIr￿Orn Generally knpted Accountlng Practice), induding Flnanclal Reportlng Standard 102 The financlal Rewting Siandard apFAlcable in the UK and Republic of Ireland.. In our OF4nlon the flnandal ststements: give a true and falr view of the state of the tharltable cDmpanls affalrs a5 of 31 ftsrth 2025 and of Its Incorne ar)d exwidlture, for the rerfod ended. have teen Fwred in accordarKe with Unlted Klngdom Generally Acce#ed kcountlng Prac￿, Includlng Flnanclal ReF<)rtlThJ Stsndard 102 The Rnandal Reporti starKlard appl"ioble In the UK and RqJJbllc of Irdand and have been preparoj In XCOrdan￿ wlth the requlranents of the Companles Act 2￿6. Use of our report This report is made solely to the tharitsble company's mernb￿s, as a In accordan￿ wlth apter 3 of Part 16 of the Companles Att 2006. (hjr audlt work has tEen undertaken x) that we m]ght stste to the Charftable CompanV5 members those matter5 we are required to stste to them In an audltors. report arKI for no other purp￿ To the ftAlest extent wmittd by law, we do not accept or assurrE resp)nslblllty to anyone other than the Charftable Cnmpany and the tharltable Company's members as a bc#Jy, our audlt work, for thls repc*t, or for the oplnlons we have fomied. Concluslon8 Mlatlng to gofng concern In auditing the flnancial stat￿nents, we have condwled that the tn￿tee5, use of the gdng con￿rn l*sls of accountlThJ In the preparatlon of the flnanclal statements Is approprlate. Based on the work we have perfomied, we have not identlfied any materfal un￿rtaIntleS relatlng to events or c￿dItIor6 that, Indmdually or collectively, may cast signifTrnt doutrk cn the charltsble LDmpan￿S abilty to continue as a golng con￿rn for a perknl of at least twelve months from when the finandal statements are autl¥xlsed for Issue. Our responslblllties and the reSp￿s1￿1t1eS of the trustees with respeLt to golng con￿rn are described in relevart sectlons of thls reporL Other Inforn The ot￿r infonnatlcffi C(￿nprIseS the Inf￿tIon IrKJuded in the Report Trustees, other than the finandal ststements and our audltorfs rep￿t thereon. The Trust￿ are resporslble for the other Inf￿tIOn. Our opnion on the finandal statements does not cw the other Information and, except to the extent otheThvlse expllcltly stated In our report we (*) not eX￿e$S any f￿ of assuran￿ a￿dUS1on 18 VENTURE COMMUNrrY ASSOCIATION Independent Auditors, Report In CDnnection with our audlt of the finandal ststements, our ￿POnsIbl11ty Is to read the other Inf￿rnation and, in doing so, consider whether the other information is materially Inconsistent wlth the financial statements, or our knowledge obtained in the audit or otherNise appears to be materolly m155tsted. If we identify suth material Inconsistendes or apparent material mithtements, we are required to determSne whether there Is a materlal misstatement in the finandal statements or a material mlsstatement of the other Informa￿On. If, basd on the work we have performed, we conclude that there 15 a materlal misstatement of thls other Informatlon, we are requlred to report that fatt. We have nothing to re￿rt In thSs regard. Opinion on other matters prescribed by the Companles Act 2006 In our oplnion, based on the work undertaken in the course of the audlt: the Inft)rmatlon glven In the Report of the Trustees, whlth Indudes the dI￿rs. rewrt epared for the pur￿￿ of company law, for the flnanaal year for which the flnarKlal Statements are prepared is consistent with the finandal statements; and the directors, report, Included within the Report of the Trustees, has been prepared In accordance wlth applioble legal requlrements. Matt•rs on whlch w• are Requlr•d to Report by Exceptlon In the light of the knowledge and under5tarKling of the Charitsble Company and Its envlronff£nt obtairEd in the course of the audlt, we have not Identlfied materlal mlsstatements In the Rep￿£ of the Truste25. We have nothlng to report In respect of the fdlowlng matters In relatlon to whlth the Companies P£t 2006 requires us to report to you If, in our oplnlon: Adequate accounttng records have not been kep¢ or returns adequate for our audlt have not been re￿iVed from branthes rK)t vtslted by us. or The finandal statements are not In agreement wltti the accountln9 records and returns; or Certain disclosures of Trustees, remuneratton speclfied by law are not made. or We have not recelved all the Inf0m￿tiOn and explanations we require for our audlt; or The trust￿ were not entltled to prepare the financial statements in accordan￿ with the small companies, reglme and tske advantage of the small companle5 exemptlon frorn the r4ulrement to prepare a Strategtc ReFQrt cr in preparing the Report of the Trust￿5. ResponslbS1ities of Trustees As eX￿ained more fully In the Ststement of Trustees, Responslbllltles, the Trustee5 (who a￿ also the directors of the Charltable Company for the purposes of company law) are reswnslble for the preparauon of the flnandal statements and for I￿Ing satlsfied that they glve a true and falr vtew, and for suth Internal control as the trustees (*tsrmlne is necessary to enable the preparatlon of financial statements that are free from materlal mlsstatement, whether due to fraud or error. In weparing the flnancial statements, the Trustees are responslble for assessSng the Q)mpanls ability to continue as a golng COn￿rn, discbsing, as applicAible, matters related to going concem arKI usiTrJ the going con￿rn basis of acc(xJntirMJ unless the trustees elther Intend to liquidate the company or to ￿se operations, or have no reali5tlc altematlve but to do s). 19 VENTURE COMMUNrrY ASSOCIATION Independent Audltors. Report Auditsrfs responslbllltlos for the audit of the flnancial ststements Our {￿J&tIveS are to obtsln reasonable assuran￿ atJ)ut whether the flnanclal statements as a vthole are free from material mi55tatement, whether due to fraud or error, and to issue an auditorfs report that indude5 our opinion. Reasonable assuran￿ is a high level of assuran￿ butls not a guarantee that an audlt conducted In accordan￿ with 15Ps (UK) will alway5 detect a material misstatement when It aylsts. Mlsststements can arfse from fraud or error and are conS￿ered materlal if, IrKIIvithally or In the aggregate, they could reasonably be exFxtted to Influen￿ the economlc dedslons of users tsken cm the basis of these financial statements. Irregularitles, including fraud, are instances of ￿n￿￿MPlIan￿ wlth la¥vs and regulatlons. We design pr￿dureS in line wlth our responsibilitks, ￿jtI1n&d above, to detect materlal mlsststements in resw of Irregularftles, Includlng fraud. The extent to whlch our proLEdure5 are capalk of det￿Ing Irregularlties, indudlng fraud ts detalled I￿low. The Charltabk Company Is requlred to ccThply wlth l)oth company law and charity law as appll(3ble in England and Wales and, based on our knowAedge of its actlvltles, we Identifi that the legal requlrement to acrurately account for restrlctsd funds was of key signifi(3r￿. We galned an understandlng of how the charitable company complled wlth Its legal and regulatory frameworl including the requlremert to properly account for restricted furKIs, through dlscussions wlth managernent and a revlew of the documented policies, wccedure5, and controls. The audlt team, whlch Is experienced In the audit of charltSes, consider￿1 the tharltable companvs susceptlbllity to material mlsstatewt and how fraud may LKcur. Our consideratlons induded the risk of management override, Our approach was to ched( that all restflcted income was properly Identlfied and separate accounted for and to ensure that only valld and approprlate experKliture wa5 charyed to restritted funds. Thls Induded reviewlng Journal ￿uStrnents and unusual transactlons. A further des(riptlon of our responslblllt￿s for the audit of the financlal 5tsternents Is looted on the Flnancial Rep)rtJng Council's webslte at: fomis part of our auditorfs ryrt. . Thls de￿rIpt￿n Rithard Billinghurst ACA (Senlor Statutory Auditor) For and on behalf of Knox Cropper LLP (Ststutory Audltcr) 65168 Leadenhall Street Lcndon, EC3A 2AD 2311 Z12025 2Q VENTURE COMMUNITY ASSOCIATION srATEMENT OF FINANCIAL ACTIvrrIES (Including the Income & Expenditure Account) For the year ended 31rt March 2025 2025 2025 Notss Unrestricted Restricted 2025 Total 2024 2024 Unrestrirted Restricted 2024 Total Income from: Donations and legacles Other tradlng actlvltles Charltsble Activitles 140,385 140,385 132,885 132,885 54,680 54,680 58,027 58,027 556,710 556,710 701,489 701,489 Bank Interest 2,873 2,873 831 831 Totsl 197,938 556,710 754,648 191,743 701,489 893,232 Expendlture on: Charltsble Actlvltles 323,559 526,710 850,269 124,835 701,489 826,324 Total 323,559 526,710 850,269 124,835 701,489 826,324 Net Incornel (Expendlture) (125,621) 30,000 (95,621) 66,908 66,908 ReconciliJtion of Funds: Funds brought forward Funds carrfed fonvard 231285 231,285 £30,OCK) £135,664 164,377 164,377 £105,664 £231,285 £231,285 The statement of financlal attivities also complies wlth the requlrements for an Income and expendlture accLyJnt under the Companles Att 2006. All the aciivitles referred to above are continuing activities. All movements In the tharivs funds durlng the year are refiected through the ststement of flnanaal activities. 21 VENTURE COMMUNITY ASSOCIATION BALANCE SHEET As at 311t Ma￿h 2025 2015 2024 FIXED ASSErs 1,637 7,251 CURRENT ASSErs Debtors Bank 26,577 6,335 163,184 294,382 CREDrroRS: Amounts falllng due ￿thIn cfie year 8 NEfASSETS £135 664 £231285 FUND5: UNREsfRicfED 105,664 231,285 REsfRicreD £135 664 £231285 These a¢xounts have been prepared in xrllrdan￿ wlth the special provisions relatlng to small companles wlthln part 15 cl the Companle5 Act 2&￿. The flnandal statemethts ¥yere approv&1 by the dlrectors December 9tt1, 2025. Huey Walker ec 16, 2025 16:37:00 GMT) Huey Walker (Chalr) er8us (Dec 16, 2025 20:12:42 GMT) Adam Feryus (Treasurer) Company Registerd Number 2178614 Charlty Reglstered Number 1073115 22 VENTURE COMMUNITY ASSOCIATION STATEMENT OF CASH FLOWS For the year ended 311* March 2025 Descriptlon Notes 2025 2024 Cash flows from oporntln9 artlvlbes: Net cash generated frorn operatlng attlvltE5 Cash flows from Inv￿￿'ng actlvltles: Interest purd￿￿ of propety, plant and equlpment Net cash provided by (used) Irwesting 2Ltlvlties a)ange In cash and cash equivalents in the rerxrtlng perScx Cash and cash equlvalents at the beglnnlno of the reporting kEricLI Cash and cash equivalents at the erKI of the rewtlng 2,873 831 693 (151,440) 176,696 288,047 111,351 É136 607 £288 047 Notes to Cash flows Statsment Note l. Reconclllatlon of net movement In funds to net cash flow from operatlng actlvltles Descrlptlon 2025 2024 Net Incomo/(expendlture) for the reportlng period (as per the statsment of flnanclal actlvltleg) Adjustments for: Dep￿latIon tharges Interest {Increase)Idecrease In debtors DeC￿sel(lnCrea5e) In credltors Net cash provided by (used In) operatlng activi￿¢$ (95,621) 66,908 5,614 (2,873) (20,242) 7,858 (831) 64,739 154 313 £177 389 Notes 2. Analysis of cash and cash equlvalents 2025 2024 Cash In hand Totsi cash and cash equlvalents 136 607 £136 607 £288 047 23 VEKfuRE COMMUNrrY ASSOCIATION NOTES TO THE ACCOUIITS For the year en￿1 311t March 2025 ACCOUNTING POUCIES (a) Ba* of Accountsng The accourts have bM prepared In accordarKe svlth Puountir•3 and Rewvng by Charftles: ststement of RecommerKled Prattl￿ akwlcable to tharltle5 FxerArfng theiraccounts In accordarKe with ￿ Flnancial Repjrting Stsndard appllcable In the UK arKI Republlc of treland (FRS 102), effectlve l January 2019 (Chwltles SORP FRS 102), the FI￿n￿al Reportlng Starthrd appllcable In the UK Reputlic of Ireland (FRS 102). The Ventwe Comrnunlty Asgaclatlon meets the definition of a publlc I￿r￿ entlty ￿der FRS 102. Assets and Ilatlllties are Inltlally recognlsej at hl*orlcal cost or transacth)n value unless (therwlse stated In the reknnt accoLntlng rmtte. As Indlcated In nrte 15 to th£4e finandal statements, the Trustees conslder that there are no materlal un￿rtaIntleS ai¥)ut the charfty's abmlty to contlnue as a g>lr#J COn￿rn. Ther￿0￿, these flnandal StateM￿ts contlnue to be txepared C￿ a golThJ c(xKern bas1& The r*esentaUffial cur￿n￿ of the finandal stthments Is P(yJThd Sterflng (£), (b) Kay Judg•meThts and Estlmat49 Flnanclal Ir￿Ument da551ftcatlon The dassmcatlon of financEal InStnJm￿ts, bjth assets and Ilabllltles, as i)asld or btherf requlres Ju(bJement as to whether all apFAlcAble C￿d￿￿on5 as bask are meL Th15 Ind￿￿eS the tyre of Invest￿ or loan and Its return. The (harfty onty has flnandal assets and Ilabllltles of a klnd that quallfy a5 b055c flnondal Instruments. These are Initlally recognised at tranSaCtic￿ value and b5equently valued at thelr settlement value. Useful Ilfe of funLtlonal propertle5 The remalnlng useful Ilfe of depreclat4e wopertles Is by Managern￿t at each reportlng date and, Ir neces5aryi the deweclatlon charge ad)J*d accordlngty. (c) Incom• Revenue grants are credlted to Incomlng re￿ree3 on the earller of when thty are recelvsl CY when they become ￿1vable, Lnle55 they relate to a 5pEdfic futwe per￿￿, In whlch case are deferr￿1. Capital gran15 for the purchase of fixed assets are credlted to restrlcted Incomlng on the eadler date of WI￿ tlw are recelved or becorne re￿¥vable. All other Incomlng resour￿ are Induded kn trte %atement of Hnanclal ActIvI￿e5 (SOFA) when the (tta￿ty Is legally entitled to the Income arKI amount quantlfied wlth rea5(￿able ortalnty. (d) Inve9tment In¢orne Interest is credited to the acccMJnts In the year In whlch It Is re￿vatsIe. (e) Flxed Amets Depredatlon Is cakulated to wrfte off the a>st of flxed assets on a stralght-llne basls over the useful econLvnlc Ilves of the a55ets con￿rned. offi￿ equlpment computers are depred*d ovw vari(Jts Ferirx15 of to three years {tspendlng a) the nature of the asset). Playground Improvements a￿ depreclated (p￿r a three-year ￿k￿l. (f) Shortknt•rni debtors and cr•ditor• Lyebtors are recojnlsed when the Charfty is legally ￿titled to the Irmme after any ptrformance coThthtions have been m& the amount can be measured rellablyi and It Is pYd)aL4ethatthe Income will be rffelvEd. Credltors are reccKJnlsed when charlty has a p￿nt l¥1 or constr oblwcm reSu￿ng from a past wt to make payment ts a thlrd party, It Is probable that settlement will be rqulred and amwnt due to settte the obllgatlon can be n￿sured or estimatejj rellablv. (g) Value Added Tax The Company Is not reySter8J ftjr VATand acmrdlngly. vhwe appllcable, all eX￿ndIture Incurred is Induslve of VAT. 24 VEKfuRE COMMuNrrY ASSOCIATION NOTES TO THE ACCOUNTS For the y•ar ended 31st Mjrth 2025 (h) Funds Unrestricted funds are those funds whlch can used at the Trustee5'discretion. Restricted funds are those furKJs whose purrA)ses hwe teen restrict8Y by the dornr. D*nat&J furKJs are th(Ise funds vthith have bews earmarkea by the trustees for speclflc PUTpose5. (l) Allocatlon of Overhead and Support Costs Overt)ead and suppcrft costs, which indude govttnance costs, are alkKated betsveen charitsble activltie& These costs have been appDrtM)ned to the ￿ddOuS actlvltles on the basls of staff ￿Me. The allcotyon of overhead and suppcrt CC6ts Is analysed in note 5. 5￿pOrt costs are general costs of the charlty wNch have teen funded by core grart whlth is not attributsble dlrt to specific projects. Governan￿ costs corn￿5e all costs InvofvlNJ the wblic act￿ntabIlIty of the charfty and Its corn￿10[￿e with regulati￿ and gcod pradTh Indudlng 03sts relatlng to ststutory audlt. U) Charftable Athltles Costs of charftsble aCti￿tIeS i￿lUde dlrect C05t5, and an appLYtknmoit of overtr*ad, support and govemance costs are shown in Thjte 4. (k) Mnan¢lal InJtrnm¢nts The charlty has finandal assets and Ilabllltle5 of a klnd that quallfy as baslc flnandal Instruments. These are Inltlally reo)gnlsed at transactlon value and suLw4uenUy valued at thelr settlement value. (l) Cash and Cath Equlvalents Cash and Cash Equfvalents In ttE Ststement of Hnandal PO51t1￿ CoM￿lse cash at bank and In hand and short-term depx)slts wlth an origlnal maturlty of th￿ months or le55. FLY the purpose of the Statement of Cash Flows cash and cash elulvalents are as defined above net of outstsndng b4nk overdrafts If exlst. (m) P•ngioTr Costs The charltable compary operates a defined contrtbutlon ￿nsIOn stheme. Contributlons payable to the tharltable company's penslon xheme are charged to the stat￿nent of Flnandal Athvlues In the Ferfod to whlch they relate. 25 VENTURE COMMUNITY ASSOCIATION NOTES TO THE ACCOUNTS For the year ended 31at March 2025 2. DONATIONS T•t•l T(tsl RS & (helRa: 131885 132.8B5 66A)ii 66,011 84,Tr.1 63IWJ 81.985 29*15 29MIS 45,910 642C 571 642 f4),0 s4￿31 )0 21W4 7,165 7,165 886 4,056 4,200 3,7B3 3,000 4,500 1,000 Pl*￿1 Lcthry Hew Fth)d Peatthy Comnmmlty FouThJ*on JH RJU￿￿TruSt Ywig K&C. LJuster Youth H The CthJ Famlly Fourklatton Kw5fwton & Sr*Jal Councll Mayots for London Londcffl Sr¢rtT(¥J&htr Fund John ¢￿art PthYerTo Cmrtge 74.715 44B4 23.816 18.780 15,3TrJ 11,621 50,136 9,780 10,957 IQ957 ZC#)O 15,OCK) 5.714 4.rx)o 61,856 7.5DO 15,C 30,CKJO E697,C85 61056 HolKk Famly Tru Fwndat Garfield Illeston Fwndauon 7,500 15,0( 30,C £556.710 É140,385 £834374 26 VEKfuRE COMMUNrrY ASSOCIATION NOTES TOTHE ACCOUNTS For the year ended 31rt March 2025 OTHER TRADING ACTIVITIES Total 2025 Total 2024 Actlvltles & Membershlp Fees Hall BOD￿ng5 TufAL 27,192 27,192 26,262 £54,680 £54,680 £58,027 4. ANALYSIS OF CHARITABLE ACTIVrnES Undwtakon Dlrect Support Totsl 2025 Adventure Hayground EducatIC￿ and Learnlng Communlty Servlos Arts and Culture 349,382 43,633 274,414 27,068 £694,497 77,907 2,693 73.632 1,540 £155,772 427,289 48,326 348,048 28.608 £850,269 TUFAL lkndertak•n Dlr•ct Support Co•ts Total 2024 Adverture Playground Educadon and Learnlng Communlty Servlces Arts and Cultu 308,411 36,914 293,908 18,729 £657,963 85AII 2.625 78,930 1.396 £168,362 393,822 39,539 372,838 TOTAL £826,324 27 rSLnoM￿￿ or40tr ¢Yi ai VJ N Ln fts Ln o) o) Ln Ln c• Ln Ln il) ro o) a) O ¢n Ln co * rD CJ Trj r•J VENTURE COMMUNITY ASSOCIATION NOTES TO THE ACCOUNTS For the year ended 31st March 2025 6. FIXED ASSErs Furnlture & Furniture & Equipment Equipment 2025 2024 Cost 1st April Additions Disposals 31st March 38,573 37,149 1,524 38,573 38,673 Depreclatlon 1st April Charge for the year Disposals 31st March Net Book Value 31st March 2025 Net Book Value 31rt March 2024 31,322 5,614 23,564 7,858 El,637 £7,251 £7,251 £13,585 7. DEBTORS 2025 2024 Prepayments Other 929 828 £26,577 £6,335 8. CREDITORS Taxation ar￿ Soclal Security Accruals and Deferred Income Grants received in advance 10,028 19,129 8,355 40,590 £29,157 £70,348 RESTRIcfED FUNDS Balance blf 0110412024 Resources Expended Balance clf 3110312025 Income Adult Services Children s Servl 310,709 246 001 £556,710 280,709 30,000 526,710 £30,000 Balance Resources Expended Balance clf 3110312024 blf 0110412023 Income Adult seN￿s Children's Senrfi 326,083 375 406 £701,489 (326,083) 375 406 £(701,489) Details of the restricted funds are as follows: Adult SeThices: Actlvltles and events at Venture Centre from fuThJraisirvJ of different source5. Children's Se*ryiLes: Grants from RBKC to part-furKI the cost of providing our afterschool & school holiday play provlslon In our playground. 29 VENTURE COMMUNITY ASSOCIATION NOTES TO THE ACCOUNTS For the year ended 315t March 2025 10. EMPLOYEE COSTS 2025 2024 Salaries and Wages Social Securlty Pension Costs 449,718 22,770 416,562 19,391 481340 56,155 Consultsnry costs Redundancy Totsl staff costs 49300 £537 495 £497 889 Full time Part time 15 13 No employee earned more than £60,000 durirKJ year. The key management personnel of the charity are those persons havlng authority and responsibility for planning, directing, and controlling the activities of the charity, dlrectly or Indirectly, including any trustee of the charity. The senior management team conslsts of the Director, the Head of Operations, and the Head of Finance. Total employee benefits Includlng employer pension contributions for key management personnel in the period amounted to £128,373 (2024,. £124,032). 11. TRUSTEES. REMUNERATION AND EXPENSES No remuneration, directly or indlrectly, out of the funds of the Charlty was paid or is payable for the year to any Trustee or to any person or persons known to be connected with any of them. There was no travel cost relmbursement to the board members in this year (2024: NII). 12. MOVEMENT IN TOTAL FUNDS FOR THE YEAR 2025 2024 Is ststed after charging: Depreciation Auditors, remuneration: External Audit 5,614 7,858 7,932 8,328 13. TAXATION The Venture Community Association is a registered charity and is exempt from taxatlon in respect of income and capltsl galns received within the categories covered by Part I l of the CorFX)ration Tax Act 2010 or Settion 256 of the Taxation of Chargeable Gains Act 1992 to the extent that such income or gains are applied to exclusively charitable purposes. 14. ALLOCATION OF NET ASSETS BEfwEEN THE FUNDS Fixed Assets Creditors Unrestricted Funds 1,637 133,184 30,000 £163,184 (29,157) 105,664 30,000 £135,664 Restricted Funds £1,637 £(29,157) 30 VENTURE COMMUNITY ASSOCIATION NOTES TO THE ACCOUNTS For the year ended 31" March 2025 15. GOING CONCERN These financial statements have teen prepared on a going con￿rn basis. This is dependent upon the availability of adequate continued funding. The nature of the organlsatlon's fvnding is inherently uncertain, as it is only agreed by its funding bodies every one to th￿e years. Should grant funding discontinued in future years, the organisatlon would have to find other sources of funding or significantly curtail its activities. In the current economic climate, with rising interest rates and Inflation, obtaining funding is increasingly difficult. Senior management continue to keep in touch with funders and costs are carefully monitored and controlled and cost savlng measures Put in pla￿. In decidlng that the going con￿rn basls Is approprlate, the trustees have considered InfOr￿Ed forecasts of income and expenditure for a perk)d of at least 12 months from the date of approval of these flnancial statements and the level of its free reserves. 16. RELATED PARTY TRANSAcfioNS No related paty transactions arose In the current or preceding year. 17. COMPANY STATUS Venture Community Association Is a charltsble company limited by guaranteei registered in England (Company registratlon number 2178614); charity registration number 1073115. Its reglstered office and operatlonal address is 103A Wornington Road, London, WIO 5YB. 31