2023-03-31-accounts - Volunteer Centre Kensington & Chelsea

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Volunteer Centre Kensington and Chelsea Annual Report Empowering our community to realise its full potential. Year 2022-23

Chair's Foreword
Legal and Administrative	Information	3
Report ofTrustees
Structure, Governance	and Management
Objectives, Vision, Mission and Values
Activities
Core Services
Community Champions
Specialist Services		16
Wellbeing		16
Inside Out		21
Employment		23
Infrastructure		25
Financial Review		28
Risk Management		29
Strategic Performance		31
Reserves Policy		32
Investment Policy		32
Future Plans		33
Financial Sustainability	and Going Concern	35
Statement ofTrustees'	Responsibilities	36
Independent Auditors	Report	39
Statement of Financial	Activities	37
Notes tothe Financial Statements		43

Valuing People	We treat everyone with care, integrity and respect - empowering them to realise their potential and make a positive difference in
	the community.
Collaboratjon	We connect and empower communities to come together using local resources to meet local needs.
Knowledge	We use our local understanding to help organisations and groups adopt good practices and champion accessible and rewarding volunteering.
Creativity	We are a catalyst for local impact, with volunteers, partners and the community, taking opportunities, acting decisively to tackle the causes ofshared problems.

		Unrestricted	Restricted	2023	2022
	Notes	Funds E	Funds 6	Totalf	Total 6
Income Donations and grants Charitable activities		300 262,157	268,556	300 530,713	49 490.910
Investments		2,739		2,739	881
		265,196		533,752	491,840
Expenditure Charitable activities		176,413	306,687	483,100	506,669
Total		176,413	306,687	483,100	508,889
Net incomel(expenditure)		88,783	(38,131)	50,652	(14,829)
Transfer between funds	14	(46,876)	46.876
Net movement in funds		41,907	8,745	50,652	(14,829)
Reconcgbrtton offunds
Total funds brought forward	14	209,038	11,555	220,593	235,422
Total funds carried foneard	14	6250,945	620,300	6271,245	6220,593

		BALANCE SHEET	BALANCE SHEET
		AS AT 31sr MARCH 2023
			2023
		Notes	E
FIXEDASSETS
Tangible fbred assets					278
CURRENT ASSETS
Debtors Cash at bank and In hand		12	45,233 275,288	38,918 222,840
			320,521	261,758
CREDITORS: Amounts within one year	falling due	13	49,276	41,443
NET CURRENT ASSETS			271,245		220,315
NETASSETS		15	8271,245		f220,593
FUNDS
Restricted		14	20,300		11,555
Unrestricted General Funds		14	247,389		204,038
Designated Funds			3,556		5,000
		14	6271,245		8220,593

FOR THE	YEAR ENDE	D 31sr MARCH	2023
		Notes	2023 E	2022f
Cash flows from operating actlvtges Net movement in funds			50,652	(14,829)
Adjustmenbr for: Depreckdlon Interest receivable			278 (2,739)	279 (881)
(Increase)/Decrease in debtors (Decrease)/Increase in creditors			(6,315) 7,833	(17,899) 16,916
Net cash (used in)/provided by operating	activities		49,709	(16,214)
Cash flows from invesgng acgvtties Interest received			2,739
Purchase oftangible fixed assets
Nst cash (used in)/provided by Invesgng	activities		2,739
Change In cash and cash equivalents			52,448	(15,333)
Cash snd cash equivalents brought forward			222,840	238,173
Cash and cash equhralsnts carried forward			f275,288	8222,840
Analysis ofcash and cash equivalents
Cash at bank snd in hand			f275,288	f222,840

FOR	THE YEAR ENDED 3ts Icontd...		MARCH 2023	MARCH 2023
DONATIONS AND GRANTS	Unrestricted		Restricted		Total	Total
	funds		funds		2023	2022
Donations	6300			ENil	6300	649
All ofthe f49 recognised in 2022 related to unrestricted		funds.
INCOME FROM CHARITABLE	Unrestricted		Restricted		Total	Total
ACTIVITIES	funds		funds		2023	2022
	6		6		6
Volunteer Brokerage
Royal Borough of Kensington Chelsea	and 133,287				133,287	128,287
Kensington and Chelsea Social
Council						6,328
The Kensington and Chelsea
Foundation	11,667				11,667
Nafional Lottery Awards For All Consulting and training fees 1,607					1,607	1,000
Camden Charities	3,120				3,120
Employment Camden Charities	60,000				60,000	108,000
Welt4rslng
Royal Borough ofKensington Chelsea	snd		30,000		30,000	30,000
Tudor Trust						30,000
Kensington and Chelsea Social
Council			46,268		46,268	43,841
Julia and Hens Reusing Trust			7,500		7,500
Other						1,000
Resetgsment Scheme
Ciiy Bridge Trust Henry Smith			51,600		51,800	35,500
Charles Hayward			10,000		10,000
Ambassadors
Kensington &Chelsea Foundaaon						28,333
Good Neighbours
Community Champions
Royal Borough ofKensington
and Chelsea	52,476		24,000		76,476	56,000
Kensington 8 Chelsea Sordal	Council		11,554		11,554	6,026
West London Clinical Commissioning Group						5.000
Training and Consultancy
Other Covld Related Grants			2,884		2,884	1,002 10,593
SEND Volunteering Project
Royal Borough ofKensington and Chelsea			84,750		84,750
	6262,157		6268,556		f530,713	f490,910

INVESTMENT INCOME	Unrestdcted	Restdcted	Total	Total
	funds	funds	2023	2022
Bank interest	E2,739	ENil	E2,739	E881

5.	EXPENDITURE ON CHARITABLE	EXPENDITURE ON CHARITABLE	EXPENDITURE ON CHARITABLE		Support	Total	Total
	ACTIVITIES				costs	2023	2022
	Volunteering services			F345,157	E137,943	E483,100	6506,669
	Of the E506.669	expenditure	recognised	in 2022, E265,341 was		charged to unrestricted f
	f241,328was charged to mstdcted funds.
B.	ANALYSIS OF DIRECT COSTS					2023	2022
						E	E
	Staff costs					305,768	342,879
	Other direct costs					39,389	21,653
						E345,157	E364,532
7.	ANALYSIS OF BUPPORT COSTS					2023
						E
	Staff costs					86,063	65,215
	Office costs					38,936	47,636
	Premises costs					25,178	22,239
	Governance costs	(see Note 8)				7,766	7,047
						E137,943	E142,137
8.	GOVERNANCE COSTS					2023	2022
						E	E
	Audit and accounts	fees				3,288	2,909
	Trustees meetings	and insurance				783	495
	Staff costs					3,695	3,643
						E7,766	E7,047

NET INCOMEI(EXPENDITURE) FORTHE YEAR	NET INCOMEI(EXPENDITURE) FORTHE YEAR	2023	2022
The net income for the	year isstated after charging:
Operating lease rentals		825,178	822,239
Depiactatlon oftangible	fixed assets	8278	8279
Auditor's remuneration	—audit services	82,500	F2,409
	-non audit services	8788	8500

	During the year Trustees received no remuneration (	2022: ENil) or reimbursed expen	ses (2022:
10.	STAFF COSTS AND NUMBERS	2023	2022
	Staff costs were as follows:	8	8
	Wages and salaries Social security costs	309,890 26,499	340340 29,223
	Pension costs	16,807	18,611
		8353,196	388,074
	Recruitment and training costs	2,717	2,232
	Freelance fees	19,613	21,431
		8375,526	8411,737

			/contd. ..
11.	FIXEDASSETS				Computer
					Equipment
					E
	Cast'
	Balance st 1 April 2022				1,114
	Additions
	Balance st 31 March	2023			1,114
	Deprsdsgon:
	Balance st 1 Aprg 2022				836
	Charge for the year				278
	Balance at 31March	2023			1,1'l4
	Nst book value:
	At 31March 2023				ENil
	At 31Mamh 2022				f278
12.	DEBTORS			2023f
	Trade debtors			43,610	38,017
	Prepaymenls and accrued income			1,623	817
	Other debtos				84
				E45,233	E38.918
13.	CREDITORS —Amounts		falling due within ane year	2023	2022
					E
	Trade creditors			8,134	320
	Accruals and deferred	income		41,142	41,123
				E49,276	E41,443
	Defenad Income analysts			2023 E	2022f
	As at 1April 2022			36,828	18,500
	Addlbans during the year			25,443	36,828
	Amounts released to	income		(36,828)	(18,500)
	As at 31March 2022			f25,443	f36,828

MOVEMENT	IN FUNDS				Transfers
		Brought			Between	Carried
		Forward	Income	Expenditure	Funds	Forward
			6	5	E	6
2023
Restricted funds
Community Champions Well4reing		922 10,633	38,438 83,768	107,977 114,932	68,617 20,531
Resetgement Scheme SEND Volunteering Project			61,600 84,750	72,528 11,250	10,928 (53,200)	20,300
Total restricted funds		11,555	268,556	306,687	48,876	20,300
Unrestricted	funds
General		204,038	265,196	176,413	(45,432)	247,389
Designated		5,000			(1,444)	3,556
		209,038	265,196	176,413	(48,876)	250,945
TOTAL FUNDS		E220,593	5533,752	6483,100	ENII	5271,245

				Transfers
	Brought			Between	Carried
	Forward f	Income 6	Expenditure E	Funds 5	Forward 5
2922
Restricted funds
Community Champions Well-being K&CAmbassadors	982	21,028 104,841 28,333	68,106 95,190 28,333	48,000	922 10,633
Grenfell response ReseNement Scheme		35,500	49,699	14,199
Total restricted funds		189,702	241,328	62,199	11,555
Unrestricted funds
General		302,138	245,341	(62,199)	204,038
Designated	25,000		20,000	-	5,000
	234,440	302,138	265,341	(62,199)	209,038
TOTALFUNDS	E235,422	5491,840	5506,669	ENII	5220,593