REGISTERED COMPANY NUMBER: 05105604 (England and Wales)
I GISTERED CIIAIUTY NUMBER: 1105259
REPORT OF THE TRUSTEES AND
CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
FOR
VOLUNTARY SECTOR CENTRES

VOLUNTARY SECTOR CENTRES
CONTENTS OF THE CONSOLIDATED FINANCIAL KfATEMENTS
FOR THE YEAR ENDED 30 APIUL 2024
Page
Report of the Trustee$
I to 3
R¢port of Ibe Independ¢Dt Auditors
4 to 7
Consolldated Statement of Financhal Activities
Consolidated Balance Sheet
ChArity Balance Sheet
io
Consolidated Cash Flow Statement
Not¢$ to the Consolid4ted Cjsh Flow Statement
12
Note$ to the Con$olÈdated Fln4nclal Statements
13 to 25
DeÉail¢d Consolidated Statement of binADcial Activities
26 to 27

VOLiINTARY SECTOR CENTRES
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 APIUL 2024
The trustces who are also directors of the charity for the putposes of the Companies Act 2006, present their Teport with
the flnancial statements of the charity alld thc group for the year ended 30 April 2024. The trustees have adopt¢d the
provisions of Aw)unting and Reporting by Charities.. Statement of Rocomn)ended Practice applicable to charities
preparing their ac(x)unts in accordance with the FinaDcial RcpoTting Slandard applicable in the UK and Republic of
Ireland (FRS 102) (effective l January 2019).
OBJECTIVES AND ACTIVITIES
Grantmaklng
The Charity does not make any fornjal grants.
The company is registered as a ¢lwilable company. limitsd by guarantee and was Set up by M¢morandum of
Association on 19 April 2004 and commenced activities on that day.
The principle object of the company is to :_
l} To improvc Ihc effectiveness, efficiency aud ewnomy of the administration of charities and in particular but without
prejudicing the generality of the foregoing to Provide officc space with integraled services to such charities.
2) To support su¢h charity or charities or such charitsble purposes as th¢ trustees in their absolute discretion think fit.
STRATEGIC REPORT
AchievemeDt gnd pcrformlnce
Review ofa¢tivities
VSC. has been running Charity Ccnlrcs since 2004 as their primary vehicle for delivering the principle objective of the
Charity set out above. Readers of this report can do so in ¢onjun¢tion with the VSC web site at www.v$cuk.or8
(In the company web sitc readers of this report will s¢c VSC is operating two charity centre.i. A Media Charlty Centre
at 226 Church Road, Willesden. London NWI 0 9NR and the l.ife Campus Charity Centr¢ at Whltfield, DoveT. ( There
is also il Prcvious Prop¢rtie5 section on the web sil¢ where VSC used to operate charity centres prior to the freehold
owners redeveloping their buildings ).
A cor¢ a¢livily for VSC is provision of capital for the development of new I,re¢hold Charity Centres.
The Media Charity Centre is leased and operated on behalf of the freehold owner, amd not for profit wrporation,
known as Trinity BroadLasting Network based in the USA. Th¢ centre is a 32,000 sq ft programme production studios,
broAdcasting centr¢, and church Complex incorporating sub l¢ases to Iwo charities, and also providing opportunity for a
number of charities to hir¢ the studios for days al a tim¢ to makc programme5 in the biiilding. VSC works closely with
each tenant and each short hire Ghdrity to improve their effectiveness, efficiency and economyg while providing them
with the resources ofthe Media Charity Centre building.
The Life Campus Charity C¢Dtre, is part leased from freehold owner, Dovcr Port Authority and part leased from
freehold owner Mansion Garden Eslales Limil¢d. The combin¢d aT¢a extends to nearly Six aGres in total. In addition
VSC owns 37.130/0 of the Mansion Garden Estates Ltmited (increased to 45.710/0 after the year end) and has a seat on
the Board. Full planning pemiission has been granted by Dover District Council for the development of this Freehold
Sitc.
VSC Trustees have a long temi vision to acquire the fr¢¢hold of Life Carnpus through purchase of a controlling
shareholding in Mansion Garden Estates Ltd.
Th¢ Trustees see Life Campus as an innovative and ¢r¢ative charity ¢entr¢ of the futsre and expect it to drive long tenn
ncome streams and asset growth for VSC.
VSC are committed to support those who have viablc busin&gs or social enterprise idcas to bring their economic activity
to fiwition- through Integrat￿ training, mentr)ring. netsvorking, financing alld the provision of low cost office sp￿.
VSC are actively looking for new buildings and facilities to own. lease and manag¢ in line with the current strategy of
working in partn¢Tship with Long Terjn Landlords to house particular charities that provid¢ opportunity to VSC
working alongside th¢m to improve effeotiveness, effIciency and economy of the administration of those ¢hariti¢s.
Page I

VOLUWfARY SECTOR CENniES
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 APRIL 2024
STIL4TEGIC REPORT
Financial review
Reserves policy
Voluntsry Sector Centres will use funds as they become available to further the charity's objectives. The Trustees hav¢
agreed a reseFves policy that requires reserves to be maintained at a level that will allow the charity to continue to fund
ongoing activities should there be a significant drop in rental inwme. This will be review¢d on an annual basis to
ensure the level of reserves remains appropriats.
Trustee's liability
The TTUStec's of the company guarantee to contribute an amount not exceeding £10 to thc assets of the charity in thc
event of winding up.
STRUCTURE, GOVERNANCE ALID MANAGEMEP4T
Method of appolntment or election of Trustees
The management of the company is the responsibility of th¢ TNst¢es who are elected and co-opted under the ternis of
the Articles of Association.
Risk ManAgement
'llie Trustees have assessed the major risks to which the charity is exposed. in particular Ihos¢ related to the operations
and finances of Ihe charity, and are satlsficd that 5y5tems are in place to mitigate our exposure lo the njajvr iisk's.,
REFERENCE AND ADMINISTK4TIVF DETAILS
Registered Company number
05105604 (England and Walcs)
Registered ChAri¢y number
1105259
Registerèd office
226 Church Road
Willesden
London
NWIO 9NR
Trnstees
N Marsh (T¢signed 10.8.23)
S D Mallison-Jones
K TTIPP (resigned 23.7.24)
G Onniston (appointed 23.7.24)
Company Seeret#ry
N Marsh (resigned 10.8.23)
Auditors
Mccabe Ford William8
Chartered Accountants and Statutory Auditors
Charlton House
Dour Street
Dover
K¢nt
CT16 IBL
Page 2

VOLUNTARY SEcfoR CENlliES
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 APRIL 2024
REFERENCE AI¥D ADMINISTrATIVE DETAILS
Bankers
HSBC
Medway Street
Chatbam
Kent
ME4 4DN
STATEMENf OF TRUSTEES, RESPONSIBILrriES
The trnstees (who are also the directors of Voluntsry Sector CentTes for the purposes of company law) are responsTble
for preparing the Report of the Trustees and the fmancial ststements in accordance with applicable law and United
Kingdom Accounting Standards (Unifrd Kingdom Generally Accepted Accounting Practice).
Company law requires the t￿StreS to prepare fmancial ststements for each financial year which give a true And fair
view of the state of affairs of tbe charitable company and the group and of the incoming resources application of
resources, including the income and expendityTe, of the charitable Gompany and the group for that perlod. In prcparing
those fmancial statements, the trustees are required to
select suitable a¢counting wlicies and then apply them consistently.
observe th¢ methods and principle.8 in the Charity SORP,.
make judgcm¢nts and estimates that are reasonable and prudent,.
prepare th¢ financial statements on the going concern basis unless it is inappropriate to presume thal the tharitable
Company and the group will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time
the financial position of the charitable company and the group and to enable them to ensure that the fman¢ial statemcnts
comply with thc Companiel Act 2006. They are also responsible for safeguarding the assets of the charitable comp
and th¢ group and hence for14king reasonablc stcps for the prevention and detection of fraud and other irregularities.
Io so far as thc trustees are aware:
there is no relevant audit infonnalion of which the charitsble company's auditors are unaware. and
the trusiees havc taken all steps that they ought to have taken to make themselves aware of any relevant audit
information and to establish that the audilors are aware of that infomiation.
AUDJTORS
The audilors, Mccabe Ford Williams, will be proposed for re-appointment at the forthcoming Annual General
Meeting.
Report of the trustees, incorporating a strategic repor4 approved by order of the board of trustees, as thc company
direclor5, on 23rd December 2024 and signed on the board's behalf by..
S D Mallison-Jones - Trustee
Page 3

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
VOLuNfARY SEcfoR CENTRES
FOR THE YEAR ENDED 30 APRIL 2024
Opinion
We have audited the financial statements of Voluntary Sector Centres (the 'charitable company? and its subsidiary (the
"group") for the year ended 30 April 2024 which comprise the Consolidated StatemeDI of Financial A¢tivities. the
Consolidated Balance Sheet, the Consolidated Cash Flow Statement alld consolidated notes to th¢ fmallGial ststements.
including a summary of significant accounting policies. Thc financial reporting framewoTk that has been applied in ihelr
preparation is applicable law and United KiDgdom Accountillg Standards (United Kingdom Generally Accepted
Accoullting Pradic¢).
Jn our opinion th¢ finan¢ial statements..
give a twe and fair view of th¢ state of the group's and th¢ ¢haTitabl¢ company's affairs as at 30 April 2024 and of its
inwming resourccs and appliG&tion of resources, includin¥ its income and expenditure, for the year then ended.
have been properly prepared in a¢¢ordan¢e with United Kingdom Generally Accepted Accounting Practice. and
hav¢ been prepared in accordan¢e with the requirements of the Companies Act 2006.
BASIS for oplnflon
We conducted our &udit in accordance with International Standards on Auditing (UK) (TSAS (UK)) and applicable law.
Our responsibilities under those stsndards are further described in th¢ Auditors, iesponsxbilities for the audit of the
fmanoiai statements section of our report. We are independent of the charitablc Company and the group in accordan¢e
with the ethical requirements that are relevant lo our audit of the financial statements in the UK, including the FRC'S
Ethical Standard, and we have fijlfilled our other ethical responsibilities in accordance with these Tequirements. We
believe that the audit evidenc¢ wc have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trusts¢s' use of th¢ 80ing concern basis of a¢countin8 in
thc preparation of the financial statements is appropriate.
Based on the work we have perfornied, we have not identified any material uncertainties relating to events or conditions
Ihat, individually or collectively, may cast significant doubt on ihe charitable company's ability to continue ￿ a going
concern for a period of at least twelve rnonths from when the financial statcmcnls are authorised for issue.
Our responsibilities and the responsibilities of the trustees with resp¢¢t to going concern are described in the relevant
scctions of thi5 report.
Otb¢r finformation
The i￿ste¢S are responsible for the other infornjation. The other information wmprises the inforn)atiOn included in the
group Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinAon on the fman¢ial statements does not ¢over the other infonnation and, except to the extent othenvise
explicitly stated in our report. we do not express any forni of assurance conclusion th¢reon.
In connection with OUT audit of the financial statements, Ollr responsibility is to read the other inforniation and, in doing
so, consid¢r wheth¢r th¢ other infonnation is materially inconsistent with the financial statements or our knowledge
obtained in the audit or othenvi5e appears to be materially misstated. If we identify such material inconsistencics or
apparent malerxal misststements, w¢ arc requiTed to delernjine whether this gives rise to a materia] misstatement in the
rinancial slatemLnts themselves. If. based on the work we have perfotmed, we Gonclude that there is a material
misstatcmeTht of this other inforn)ation, we are required to report that fact. We hav¢ nothing to report in this regard.
Opinions on other m9tters prescribed by the Cojnpanies Act 2006
In our opinion. based on the work undertaken in the course of the audit..
the inforniation given in the Report of the Trnstees for the fmancial year for which th¢ financithl statements are
prepared is Gon51Stcnt with thc fmancial statements" and
th¢ R¢port of the Trustees ha5 been prepared in accordan¢¢ with appli¢abl¢ legal requir¢ments.
Page 4

REPORT OF THE tNDEPENDENT AUDITORS TO THE MEMBERS OF
VOLiwfARY SECTOR CENTRES
FOR THE YEAR ENDED 30 APRIL 2024
Matters on which we are required to report by exception
In the light of tbe knowledge and understanding of the charitsble rompany aud its environjnent obtained in the Course
of the audil we have not identified material misstateftnents in the R¢port of th¢ Trustees.
We have nothing to report in respect of the following matters where the Comp8nie5 Act 2006 requires us to report to
you if, ill our opinion:
adequate accounting records have not been kept or returns adequate for our audit have not been received from
branches not visited by us. or
th¢ financial statements are not in agreement with the accounting records and retums. or
certain disclosures of trustees, remuneration specified by law are not made. or
we have not received all the inf0m￿tion and explanations we require for our audit.
Responsibilitie8 of trustees
As explained more fully io the Slal¢m¢nt of Trustees, Responsibilities, the trustees (who are also the directors of the
charitable company for the purposes of Company law} are responsible for the preparation of the financlal statements and
for being satisfied that they give a true fair view, and for such internal ￿ntrol as thc Irustees determine is ne¢ess8ry
lo cnable the preparation of fman¢ial statements that are free from material misstalemenL whether due to fraud or e￿Or.
n preparing the financial statements. the trustees are responsible for assessing thc group's and the clwitable company's
ability to continue as a going concern, dis¢losing, as applicable. matters related io going concern using the going
concern basis of acwunting unless the trustees either intend to liquidate the tharitable company or to cease op¢rations,
or bave no realisti¢ all¢rnative but to do 80.
Page 5

REPORT OF THE INDEPENDENT AUDiTORS TO THE MEMBERS OF
VOLUNTARY SECTOR CKNfRES
FOR THE YEAJi ENDED 30 APRIL 2024
Our responsibllities for the audit of the f￿anCIal statements
Our objectives are to obtain reasonabl¢ assurdnce about whether the finanGiaJ statements &% a whole ar¢ free from
material misstatcment. whethcr due to fraud or e￿Or, and to issue a Report of the Independent Auditors that includes
our opinion. Reasonable &8surance is a high level of assurance, but is not a guarantee that an audit conducted in
accoTdan¢e with ISAS (UK) will always detKt a matctial misstatement when it exists. Misstatements can arise from
fraud or error and are considered rnateTiai if. individually or in the aggregate. they could reasonably be expected to
influence the economic decisions of users tsken on the basis of these financial statsrnents.
The extent to Nvhich our pro￿dUreS aTe Capable of deteGling itregulatiti¢s. including fraud is detailed below:
Our approach to identifying and Issessing th¢ risks of mateiial misstatsment in respect of i￿egUlaTItie$, including fraud
and non-¢ompliance with laws and r¢gulation4 was as follows-.
the engagement partner ensured that the engagement team collectively had the appropriate competenc¢. capabilities
and ski115 to identify or recognise non-compli3nce wiib applicable laws regulations;
we identified the laws and rcgulations applicable to the Charity t1￿Ollgh discussions with trnstees, and from our
commercial knowledge and experience of the charity sector.
we developed and maintained our understanding of these laws and regulations through mandatory professional
education. foeussing on specific laws and regulations which we Considered may have a direct material eff¢¢t on the
fjnancial statements or operations of the Charity, including the Companies A¢t 2006. the Charities Ad 2011, SORP
(FRS102), the Common Reporting Standard. and
identifi¢d laws and regulations were communicatsd within the audit tsam re8ularly and th¢ team remained alert to
instances of non-¢ompliano¢ throughout the audit.
We assesscd the susccptibilty of the group's and the Charity's financial statements to material misststem¢nt, including
obtaining an understanding of how fraud might occur, by:
making ¢nquiri¢s of management as to whcre they considered there was susceptibility to fraud, their knowledge of
actual, suspected and alleged fraud" and
considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and re8ulations.
We reviewed the Charlty's procedures not only for ensuring it remains within the law, but also how it seeks to prevent
becoming a victim of intcrn&l and external irregularities including fraud.
To address the risk of fraud through managemeni bias and override of controls, we..
performed analylical pro¢edur¢s to idcntify any unusual or un¢xp¢¢led r¢lalion5hips' and
investigatcd the rationale behind significant or unusual transactions.
In response to the risk of irregularities and non•compliance with laws and regulations, we desi8n¢d procedures which
included, but w¢r¢ not limii¢d to..
agre¢ing financial Statement disclosures to underlying supporting do¢um¢ntation-
- reading the minutes of meetings of thos¢ charg¢d with governance. and
- enquiring of management as to actual and pot¢ntial litigatioi) &nd claims.
Because of the inher¢nl limitations of an audit, there is a risk that we will not dctecl all irregularities, including those
Icadlng to a material misstatement ID th¢ financial statementg or non-compliance with regulation. This risk increascs
the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial
statements, as we will be less likely to berome aware of instances of non-compliance. The risk is also greater regarding
irregularilles occurring due to fraud rath¢r than crror, as fraud involves inlentional concealment, forgery. collusion,
omission or misrepTesenlatioD.
A further description of our responsibilities for the audit of the financial statements 15 located on the Financial
Reporting Council's websits al www.frc.org.uk/auditorsresponsibilitie.s. Thi5 de5GTiption forms part of our Report of the
Independent AudAtors.
Page 6

REPORT OF THE l￿DEPENDENT Al}D￿oRs TO THE MEMBERS OF
VOLUNTARY SECTOR CENTRES
FOR THE YEAR EM)ED 30 APRIL 2024
Use ofour report
This report is made solely to the charitable company's mernE￿, as a body, in accordance with Chapter 3 of Part 16 of
the Companies Act 2006. Our audit work bas been undertaken so that we might state to the charitable company's
members those matters we are required to stste to them in aD'auditors' report and for no other purpose. To the fullest
extent perniitted by law, we do not accept or assume responsibility to anyone otber thall the charitable company and the
charitable company's members as a body, for our audit worK for this report, or for the opinions we have fornied.
John Sheather Bsc FCA (Senior Statutory Auditor)
for and on beI￿lf of Mccabe Ford Williams
Chartered AccountBnts and Statutory Auditors
Charlton House
Dour Street
Dover
Kent
CT16 IBL
z3.IZ.Z
Page 7

VOLIINTARY SECTOR CENfRES
CONSOLIDATED STATEMENT OF F￿¥AlYcIAL ACTivrrtEs
FOR THE YEAR ENDED 30 APRIL 2024
2024
Unrestricted
fuad
2023
Total
funds
Notes
INCOME AND EM)OWMENTS FROM
ChAritAble a¢tivities
Charity Centre - Life Camp
Charity Centre- Media
tnvesthient income
63.871
2.402.050
47,670
62.996
2,762.148
4,998
Totsl
2 513 591
2 830 142
EXPENDITURE ON
Share of as8OClated tompllny net loss
17.235
14.194
Charitable gclivitie$
Support costs for grants & activities
Donation
Charity Centr¢- Life Campus
Charity Cenlre- Media
Charity Centre- Derby
10.380
151,811
268.(105
2,367,275
33,332
460.094
1,983,341
Tolal
2 501057
2 811665
NET INCOM
12,534
18,477
RFCONCILIATION OF FUNDS
Total funds brought forward
2,292,814
2,274,337
TOTAL FUNDS CARRIED iiORWARD
2 305 348
2 292 814
The notes forn] part of these f￿ancIal statements
Page 8

VOLUNTARY SEcfoR CENTRES
CONSOLIDATED BALANCE SHEET
30 APRIL 2024
2024
Unrestricted
fijnd
2023
Total
fiu]ds
Notes
FIXED ASSETS
Tangible ass¢ts
Investments
li
12
76,720
801654
87,741
818 889
878.374
906.630
CURRENT ASSETS
DebtopJ
Cash at bank
13
440,195
1572450
887.113
l 311584
2,012.645
2.198,6Y7
CREDITORS
Amounls falling due within one year
14
(420.248)
(487,167)
NET CURREIYT ASSETS
1711530
TOTAL ASSETS LESS CUiUiENT
LIABII.ITIES
2,470,771
2.618,160
CREDITORS
Amounts falling due after more ihan onc year
15
(165,423)
(325,346)
NET ASSETS
2 305,348
2 292 814
FUNDS
UnrestriLted funds
18
2,305.348
2,292,814
TOTAL FUNDS
2 305 348
2 292 814
The financial statements were approved by the Board of Tnjstees and authoris¢d for issue
23rd December 2024 and were signed on its behalf by..
S D Mallison-Jones - Trustee
The notes forn] part of these fmancial statements
Page 9

VOLUNTARY SEcfoR CENfRES
BALANCE SHEET
30 APRIL 2024
2024
Unr¢striGted
fund
2023
Total
funds
CHARtTY ONLY
Notes
FIKED ASSETS
Tangible assets
Investments
li
12
76,720
848 005
87.741
848 000
924,725
935,741
CURRENT ASSETS
Debtors
Cash at bank
13
440,120
1567 872
886,878
1306 490
2,007,992
2,193.368
CREDITORS
Amounts faIling due within one year
14
(419,588)
(486,582)
NET CURRENT ASSETS
1588 404
1706 786
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,513,129
2,642,527
CREDITORS
Amounts falling due after more than onc ycar
15
(165,423)
(325,346)
NET ASSETS
2 347 706
2317 181
FUNDS
Unrestricted funds
18
2 347 706
2317 181
TOTAL FUIYDS
2 347 706
2.117 181
The f￿ancial statements were approved by the Board of TDJstees and authorised for issue on
23rd December 2024 and were signed on its behalf by..
S D Mallison-Jones- TNqtse
The notes forni part of these fmancial statements
Page 10

VOLIJNTARY SECTOR CENTRLS
CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 APRIL 2024
2024
2023
Notes
Cash Ilows from operating aetivities
Cash generated from operation5
Interest paid
405,350
(40,957)
74 676)
Net ¢ath provided byl(used in) operating activities
354 358
115 633)
Cash flows from investing activities
Purchase of tangible fjxed assets
Interest received
{200}
N¢t Gath provided by investing activities
C45h flows from financing 2etlvltle$
Ixjan repayments in year
141162)
1133 492
Net Cash used in financing activities
141162)
133 492)
Change in cash and cg$b equivaleDts ID
the reporting period
Ca$h and Cash equlvalentq at the
beginnfing of the reportfing period
260,866
(244,327)
1311584
1555 911
Cash and cash equivalents At the end of
the reporting period
1572 450
1311584
The notes forn] part of these financial statements
Page 11

VOLUNTARY SECTOR CENniES
NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
FOR ThE YEAR ENDED 30 APRIL 2024
RKCONCILYATION OF IYET INCOME TO NET CASH FLOW FROM OPERATING
2024
2023
Net Ancom¢ for tbe reporting period (as per the StAtement of FinaDd41
Activities)
Adjustments for:
Share of associated company loss
Depreciation charges
Interest received
Interest paid
Decreasd{InGrease) in debtors
(Decrease)thicreasc in creditors
11534
18,477
17235
11,021
(47,670)
50,992
446,918
14,194
12,405
(4,998)
74,676
(212,404)
56.693
Net cash (used in}Ipr¢)vided by operations
405 350
40 957)
ANALYSIS OF CHANGES IY4 NET FitNDS
At 1.5.23
Cash flow
At 30.4.24
Net Cash
Cash at bank
1311584
260 866
1572,450
1311584
260,866
1572 450
Debt
Debts falling due wilhin l year
Debts falling due after l year
(141,162)
325 3461
(18,761)
159 923
(159,923)
165 423)
466 508)
141 162
325 346)
Total
845 076
402 028
1247 104
The notes forn part of these finan¢ial stat¢ments
Page 12

VOLUNTARY SECTOR CENTRES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
ACCOUTr4TING POLICIES
Basis of prtpAring the financial statements
The financial ststern¢nts of the charitable company, which is a public benefIl entity under FRS 102, have been
prepared accordance with the Charities SORP (FRS 102} 'Accounting and Reporting by Charities: Statement
of Recomrnended Practirx applicable to charities preparing th¢iT account5 in a¢¢ordan¢e with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (¢ffe¢tive l Jalluary 2019),,
Financial Reporting StandaTd 102 'The Financial Reporting Standard applicable in the UK and R¢publiG of
Ireland, and the Comp8ni¢s Act 2006. The f￿ancIal statements have been prepared under the historical cost
convention, with the exception of invesln)ents which are included at mthet value.
The tn￿te¢S ¢onsidu that theTe are no material un¢ertaintie5 about the group's and the charitsble company,
ability to continue as a going concern.
Basis of eonsolldatlon
The group financial statements consolidate the financial ststements of the charity and its subsidiarles on a line
by line basis. Uniforni accounting policies are adopted across thc group and inter group transactions are
eliminated on CODsolidation.
No individual profit and loss account is included for Voluntary Sector Centres as provided for by Section 408 of
the Companies Act 2006.
Income
All income is recognised in the Statemeni of Financial Activities once the charity has entitlement to the funds, it
is probabl¢ that the income will be received and the amount can be measurcd reliably,
This is classified AS unrestricted funds unless there is a contractua] rcquircment foT it to be spent on a particular
purpose and returned if UDspent, in which casc it will be regarded as restricted.
Expenditure
Liabilities are i'ecogniscd as expenditure as soon as there 18 a legal or constructive obligation committing the
charity lo that expenditure, it is probable Ihat a transf¢r ol e¢onomi¢ benefits will be required in settlement and
th¢ amount of the obligation can be measured rcliably. Expendilure is a¢¢ounted for on an accruajs basis and has
been clasqified under headings that aggregate all cost related to the category. Wherc costs catmot be directly
attributed to parti¢ular headings they have been allocated to activities on a basis consistent with the use of
resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commilment but
not accTued &8 expGndithre.
Alloeation and Apportionment of eosts
Costs have been allocated as deemed appropriate by the TNstee'
Tangible fixed 4ss¢ts
Depreciation is provided at the following annual rates in order to write off each asset over its e5timatsd useful
life.
Improvements to property
Plant and machinery
Fixtures and fittings
Computer equipment
Over the duration of the lease
250/0 on reducing balance
15 % on reduclng balance
33 /0 on reducing balance
Fixed A58et Investrnents
Fixed Asset Investments are initia]Iy T¢¢orded at cost and subsequently measured at fair value. If fair value
cannot be Teliably measured, assets art measured at cost less impaimient.
TaxatlOD
The Gharity is exempt from co￿Oration tax on its charitsbl¢ a¢tiviti¢s.
continued...

VOLUNTARY SECTOR CEiYfRES
NOTES TO THE CONSOLIDATED FINANCiAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
Fund at¢oMnting
Unrestricted funds Can be used in accordance with the charitable objectives at the discretion of the trustee8.
Restricted ￿ndS ¢an only be used for particular r¢strictcd pUry￿SeS within the objects of the charity.
Restrictions arise when specifled by the donor or when fimds are raised for particular restricted pU￿oSe8.
Further eXpl￿ation of the nature and purpose of ¢a¢h fjjud És included in the notes to the financial statements.
Pension eo8ts and other postrretirement benefjts
The tharitablg company operates a defined contribution peasion scheme. Contribution5 payable to the
charitsble company's pension scheme are charged to the Statement of Finanoial Activities in the period to which
tbey relats.
Page 14

VOLUNTARY sEcfoR CENTRES
NOTES TO ThE CONSOLIDATED FINANCIAL STATEmE￿Is- continued
FOR YEAR ENDED 30 APIUL 2024
INVESTMENT INCOME
2024
2023
Deposit acc4unt interest
INCOME FROM CHARITABI,E AcfMTIES
2024
2023
Activity
Charty Centre- Life Campus
ChaTity Centre- Life Campus
ChaTty Centr¢- Media
Charity Centre- Media
Charity Centre- Media
Charity Centre- Media
Income as landlord
Recharges
Income &s IHndlord
Managed services income
Programm¢ incomc
ReCh￿ge5
25,000
38.871
120.500
659,535
1,270,212
351803
25,000
37,996
120,500
379,050
2,032,485
230113
2 465 921
2 825 144
CHARITABLE ACTIVITIES COSTS
Grant
nding of
activities
(sec not¢
Support
costs (see
note 6)
Direct
Costs
5)
Totals
Donation
Charity Centre - Derby
Charity Centre - Life Campus
Charity Centre - Media
33,332
33,332
7,055
460.094
1983 341
7,055
392,948
1928 502
67,146
2 328 505
121985
2 483 822
GRANTS PAYABLE
2024
2023
Donation
151811
The total grants paid to institutions during th¢ Yet￿ was as follows-
2024
2023
Living Seeds
Kingdom For¢st School
33,332
140,002
151811
Pag¢ 15
continu¢d...

VOLifNTARY SECTOR
NOTES TO THE COIWISOLIDATED FINANCiAL STATEMENTS- continued
FOR THE YEAR ENDED 30 APRIL 2024
Si]PPORT COSTS
Governance
Management
Totsls
Charity Centre- Life Campus
Charity Centre- Media
16,154
50,992
67,146
54.839
121985
IYET INCOMEI(EXPENDITURE)
Net incomel(expenditure) is Stated after chargingl(crediting)'.
2024
2023
Auditors, remuneration
Accountancy
Deprcriation - owned ass¢ts
11.000
5,220
8,000
1,570
TRUSTEES, REMifNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 30 April 2024 nor for the year ended
30 AprAI 2023.
Trustees, expenses
There were tNstee's travel expenses of £nil (2023 - £nil) reimburscd during the year ended 30 April 2024.
STAFF COSTS
2024
2023
Wages and salaries
Other pension costs
1,052,096
19,297
1,154,498
24,593
1071393
1 179 091
The average monthly number of employees during the year was as follows:
2024
2023
Administration
Charity Centre Operation
Studio
17
25
23
31
No employees received emoluments in excess of £60,000.
Page 16
continued...

VOLUNTARY SECTOR CENlllES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENIS- continued
FOR THE YEAR ENDED 30 APRIL 2024
io.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unr¢stri¢t¢d
fund
IF4COME AM) ENDOWMENTS FROM
Charitable Activities
Charity Centre - Life Campus
Charity Centre - Media
62,996
2,762,148
Illvestment income
Tolal
2 830 142
EXPENDITURE ON
Sbare of associated compAny net loss
14,194
ChArltable 2Ctlvltle8
Support costs for 8r&nts & activities
Donation
Charity Centre - Life Campus
Charity Centre - Media
10,380
151,811
268.005
2 367 275
TotAI
2 811665
NET TNCOME
18,477
RECONCtLIATION OF FUNDS
Total ￿lld$ brought forward
2.274.337
TOTAL FUNDS CARRIED FORWARD
2 292,814
TAIYGIBLE FIXED ASSETS- GROUP AND CHARITY
Trnprov¢ments
Fixtures
Plant and
machinery
C.omputei
equipment
property
fittings
Totals
COST
At l May 2023
193 508
At 30 April 2024
193 508
DEPRECIATION
At l May 2023
Charge for year
38,970
I,oio
.433
49.105
16,682
1.231
105,767
11,021
At 30 April 2024
116788
NET BOOK VALUE
At 30 April 2024
997
2.497
At 30 April 2023
57,470
25,213
3.728
87,741
Page 17
continued...

VOLUNTARY SEcfoR CENfRES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS- eontinued
FOR THE YEAR EM)ED JO APRIL 2024
12. FIXED ASSET INVESTIIIINTS
2024
2023
GROUP
Shares
801654
818.889
801.654
818,889
UnListed
investments
MARKET VALUE
At l May 2023
Share of associated company net loss in y¢ar
818,889
(17,235)
At 30 April 2024
801654
NET BOOK VALUE
At 30 April 2024
801654
At 30 April 2023
818 889
There were no investsnent assets outside the UK.
The groups investments at the balance sheet date in the share capital of companies include the following:
Mansion Garden Estates Limited
684 Ordinary £1 shares (37.13Yo)
cost £842,000. The share of the
asso¢ial¢ Company (Mansion G&rden Estates Ltd) nct loss is brought into th¢ con501idatcd a¢counts using the
equity accounting treatmenl and is included in the above fi8ure.s- (£17,235), (2023 - (£14,194)).
Urban Develop Limited - 75 Ordinary £1 shares (75 /0) at PAr - removed on consolidation - Company is non
trading.
Page 18
continued...

VOLUNTARY sEcfoR CENTRES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS- CODtinued
FOR THE YEAR EIWED 30 APiUL 2024
12. FIXED A&SET INVESTMENTS
2024
2023
Shares
Loans
175
847.830
175
847 825
848 005
848 000
Unliste41
inveslments
MARKET VALUE
At l May 2023
175
At 30 April 2024
175
NET BOOK VALUE
At 30 April 2024
175
At 30 April 2023
175
Loans to
group
und¢rtakings
At l May 2023
847,825
Movements in year
At 30 April 2024
847 830
There were no investtnent assets outside the UK.
The company's investments at the balance sheet datc in the shar¢ capital of companies include the following:
Voluntary Sector Centres l Limited - 100 Ordinary £1 shares (IOIP/o)
Urban D¢v¢lop Limited - 75 Ordinary £1 shares {75Vo)
During the year to 30 April 2022, the original investment in Mansion Garden Estates Limited was hived off into
a wholly owned subsidiary, Voluntary Sector Centres l Ltd and a further loan was made to the subsidiary in the
ycaJ for the pu￿OSe of the acquisition of furlher shar¢s in Mansion Garden Estates Ltd (MGE)(totsi share
37.13Q/o), with th¢ totsl loan balat]ce at tbe year ended 30 April 2022 of £842,500.
In the year ended 30 April 2023, this loan amount was reclassified as a Fixed Asset IDv¢skn¢nt.
The Trustees believe this loan is fulty st￿red and will ¢ontiuue towards their objectives of ultlmate control over
MGE and therefore the freehold of the educational charity centre.
Page 19
ntinu¢d...

VOLUNTARY SECTOR CENTRES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS . continued
FOR THE YEAR ENDED 30 APRIL 2024
13. DEBTORS: AMOUNTS FALLING DUE WNIUN ONE YEAR
2024
2023
GROUP
Tenant & trade debtors
Other debtors
Prepayments
338,097
16.016
472,189
38.797
376 127
440 195
887113
2024
2023
T¢ngnt & trDd¢ debtors
Amounts owed by Urban D¢v¢lop Ltd
Other dcbtors
Prepayments
338,097
2.265
13,676
472,189
38,562
376 127
440 120
886 878
Development exp¢DSe5 for thc Lifc Campus PTOjCCt prcviously ¢WTicd forW￿d in prepayments PTior to the year ended
30 April 2n22 are reviewed for impairment each year and these were initially to be written d(ywn over a period of four
yeapJ straight line, resulting in a chargc of £119250 bcing put through thc incomc and cxpenditurc account in the year
ended 30 April 2022.
Subs¢qu¢ntly, in the year ended 30 April 2023, the r¢maiiiing balance was thought appropriatc to bc written down
over a fithcr pcriod of five years resultin8 in a charge of £71.550 being put through th¢ incom¢ and ￿pendi￿re
account in this year.
Finally. in the year ended 30 April 2024, il was deemed ihat no further econornic benefLt would arise from this
exp¢nsc 50 It was written down to nil in the ycar resulting in a charge of £286,200 bcing Cxpcnscd in thc inc4)mc and
expendilure accounL
14.
CREDITORS: AMoifNTS FALLING DUE WITHIN ONE YEAR
2024
2023
GROUP
Bank loans rjnd overdratls (see nole 16)
Tradc crcditors
Social securiry and other laxes
159,923
93,215
13.005
59.432
23
63,200
141.162
93.923
19,076
53,114
22
139,604
VAT
Other creditors
Delerred incL)me
Accrued expenses
420 248
487 167
2024
2023
Bank loan8 and overdrafts (see note 16)
Trade creditors
Amounts owed to group undertakings
Social security and other tax
VAT
Other cr&litors
Def¢￿ed income
Ac￿led expenses
159,923
93.215
141,162
93.923
75
19,076
53.114
22
139.604
39.606
13,005
59,432
23
63,200
30.790
419 588
486 582
Page 20
continued...

VOLUNTARY SECTOR CENfRES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 30 APRIL 2024
15.
CREDITORS: AMOUNTS FALLING DUE AwfER MORE THAN ONE YEAR
2024
2023
Bank loans (see note l6)
165,423
325 346
16. LOANS
An analysis of the maturity of loans is given below:
2024
2023
Amounts falling due within one year on demand:
Bank loans
159 923
141162
Amounts falling between on¢ and two years:
Bank loans- 1-2 years
165 423
159 923
Amounts falling due between two and five years:
Bank loans- 2-5 years
165 423
17. LEASING AGREEMENTS
Minimum lease payments under non-cancellable opcrating leases fall due as follows:
2024
2023
Within one year
Between one and five years
Grcater than fjve ycars
122,127
394,068
137 160
42,980
121,920
167 640
653 355
332 540
18. MOVEMENT IN FUNDS
Net
movement
itt fund8
At
30.4.24
GROUP
At 1.5.23
Unrestricted funds
Goneral fund
2,292.814
12.534
2,305,348
TOTAL FUNDS
2 292 814
12,534
2,305.348
Net movernent in funds, included in the above are as follows:
Incoming
resour¢¢s
Resources
expended
Movement
in Sjnds
Unrestricted funds
G¢neral ￿nd
2.513.591
(2.501,057)
12,534
TOTAL FUNDS
2 513 591
2.501,057)
12,534
Pag¢ 21
ontinued...

VOLUNTARY SECTOR CENTRES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024
18.
MOVEMENT IN FUNDS- continued
Net
movement
in funds
At
30.4.24
At E.5.23
Unrestricted funds
General fund
2,317,181
30,525
2,347,706
TOTAL FUNDS
2317 181
2 347 706
Net movement in funds. included in the above are as follows:
Incoming
resources
Resour¢es
expended
Movement
in fimds
Unr￿trICted ￿lld$
General fund
2,513,591
{2,483,066)
30,525
TOTAL FUNDS
2513 591
2 483 066)
Comparatives for n)ovement fin funds
N¢t
movement
in funds
At
30.4.23
GROUP
At 1,5,22
Unreytricted funds
General fund
2,274,337
18,477
2,292,814
TOTAL FUNDS
2 274 337
2 292 814
Compwative ne¢ movement in funds, iThGluded in the above are as follows,.
Incoming
resources
R¢sour¢es
expended
Movemenl
in fijnds
Unrestricted fund$
tieneral fund
2,830.142
(2,811.665)
18,477
TOTAL FUNDS
2.830,142
2.811.665
18.477
Page 22
¢ontinued...

VOLUNTARY SECTOR CENfRES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS- ¢ontinued
FOR THE YEAR ENDED 30 APRIL 2024
Comparatives for movement in funds
Net
movement
in funds
At
30.4.23
At 1.5.22
Unrestricted funds
General fund
2,283,824
33,357
2,317,181
TOTAL FUNDS
2 283 824
2317 181
Comparative net movement in fvnds, included in the above are as follows:
InGomin8
resources
Resources
expended
Movement
in funds
Unrestrieted funds
Cieneral fund
2,830,142
(2,796,785)
33.357
TOTAL FUNDS
2 830 I42
2 796 785)
A curr¢nt year12 months and prior year 12 months combined position is as follows:
Net
movement
in funds
At
30,4.24
GROUP
At 1.5.22
iiDrestrict¢d funds
Generdl fund
2,274,337
31,011
2,305,348
I'OTAL FUNDS
2 274 337
2,305 348
A current year 12 month8 and prior year 12 months combined net movement in funds, included in the above are
&8 follows..
Incoming
resource5
Resources
exp¢nded
Movement
in funds
iinrestricted funds
General fund
5,343.733
(5,312,722)
31,011
TOTAL FUNDS
5,343,733
15,312,722)
31,011
Page 23
continued...

VOLUNTARY SECTOR CENTRES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS- Continued
FOR THE YEAR ENDED 30 APRIL 2024
A curr¢nt y¢ar 12 months and prior year 12 months combined positlOD is &8 follows:
Net
movement
in fvnds
At
30.4.24
CHARITY
At 1.5.22
Unrestricted funds
Gcncral fund
2,283,824
63,882
2.347,706
TOTAL FUNDS
2 283 824
2 347 706
A ¢urrent year 12 months and PriOT year 12 months combined net movement in fund5, included in the above are
as follows-
In¢omin8
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
5.343,733
(5,279,851)
63,882
TOTAL FUNDS
5 343 733
5 279 851)
Page 24
continu¢d...

VOLUNTARY SECTOR CENfRES
NOTES TO THE CONSOLIDATED FINAl¥4CtAL STATEMENTS- ¢ontiDued
FOR THE YEAR ENDED 30 APRIL 2024
19.
RELATED PARTY DISCLOSURES
The Charity is landlord to Governance Ministries Charity (1051780) - a Chwity that has Trustees in common -
at the London Studios. Transactions are conducted at mark¢t valuc.
The loan made by the Charity to Voluntary Sector Centres l Ltd (a wholly owned subsidiary) is disclosed in
not¢s 13 and 14 to the accounts.
The Charity , via its wholly owned subsidiary. Voluntary Se¢tor Centre8 l Ltd, has a 37.130/0 in Mansion Garden
Estates Ltd. During the year, services and recharges lotslling £156,742 net (2023 - £150,567) were supplied by
Mansion Garden Estates Ltd. £42,972 (gross) (2023 - £16,342) was outstanding An this regard at the year end.
Page 25

VOLUNTARY SECTOR CENIRES
DETAILED CONSOLIDATED STATEMEIYT OF FINANCtAL ACTIVITIES
FOR THE YEAR KNDED 30 APRIL 2024
2024
2023
NCOME AND ENDOWMENTS
Investment income
Ikposit account interest
47,670
4,998
Cbarit&ble activities
Income ￿ landlord
Managed services income
Programme inwme
Recharges
145.500
659.535
1.270.212
390.674
145,500
379.050
2.032.485
268,109
2 465 921
2 825 144
Totsl iDcoming resourc
2,513,591
2,830,142
EXPENDITURE
Chgrltsble aetlvltlts
Wages
Pensions
Rates
Rent & service ¢harge -
Advertising
RepaiTS & renewals
IT & telephone costs
Light and heat
Production costs
Consultancy
Life C,ampus project ¢osts
Donations
1,052,096
19,297
48,601
102,196
39,594
133,436
33,679
137,327
411,214
60.000
291,065
1.154,498
24,593
33,396
94,209
7.883
75,175
22,897
167,968
795,512
60.000
80.634
151811
2,361,837
2,668,576
Support costs
MAllAgemenl
Administration
L¢gal fccs
Improvements to propcrty
Plant and machinery
bI￿reS and filtings
Compuler equipment
.073
15,412
5,675
333
3,782
8.132
1,088
5,676
443
4,449
34,506
21,625
Governance costs
AccountantslAuditors ren]vn¢Tation
Administration
Bank ¢harg¢s
Bank loan interest
16,220
19,792
475
9,570
22,630
394
87.479
107,270
This page do¢s not fonn part of the statutory fillancial staieffj¢nts
Page 26

VOLUNTARY SECTOR CENTrES
DETAILED CONSOLIDATED STATEMENT OF FINANCIAL AciivfriES
FOR THE YEAR ENDED 30 APRIL 2024
2024
2023
2,483,822
17,235
2,797.471
14,194
Share of associated company net loss
Total resouTce5 expended
2 501057
2811665
Net ineome
This page does not fonn part of the statutory f￿anCiaL Statements
Page 27