illiii *ABJGIThC' 2311212022 OMPANIES HOUSE A29 #25 Greater London Volunteering (Branded as London Plus) Report of the Trustees and Accounts for the year ended 31 March 2022 Company no. 04070342 (Englond & Wales? Chorily no. 1115303 lorodon p&us Greater London Volunteering Contents Report of the Twstees Report of the Independent Audltors 15-18 Slalement of Flnanclal Acllvltles Balance Sheel 20 Noles to the Financial Slalements 21-28 GREATER LONDON VOLUNTEERING Report of Ihe Truslees for Ihe year ended 31 March 2022 The trustees present their report and audited financial statemenls for the yeor ended 31 March 2022. Reference and Adminlstratlve Information Charity Name". Charity Registration Number: Company Registration Number: Registered Off ice: Greater London Volunteering IGLVI 1115303 04070342 Norman House 8 Bumell Road Sulton SMI 4BW Auditors: Myrus Smilh Chartered Accountants Norman House 8 Burnell Rood Sutton Surrey SMI 48W Bankers: The c￿Operative Bank PLC PO Box 250 Delf House Soulhway Skelmersdale WN8 6WT Trustees Dominic Pinkney Chair IAppointed January 2022 - November 20221 Choir (Resigned January 20221 Chair (Appointed November 20221 Company Secretary Treasurer IResigned January 20221 Treasurer (Appointed January 20221 Cameron FitzwilliamwGrey Sarah Mulley Beav Fadahunsi Truly Johnslon Jocelyn James Jocob Przekla5a stephanie Hann Edward Anderton Renae Michelle Mann Geraldine Blake Special Advisor Senlor Management Martin Brookes Chief Executive GREATER LONDON VOLUNTEERING Report of the Truslees for Ihe year ended 31 March 2022 struclure. Governance and Management Governing Document The organisalion is a charitoble company limited by guorontee. incorporated on 121h September 2C(K) and registered as a charity on 13th July 2CQ6. The companywas e51ablished undera Memorandum of Association which established the objects and powers of Ihe choritable company and ts governed under Ihose Articles. The company replaced the exisling Memorandum and Articles of Association with o new Articles of Associolion on 6 Februory 2018. The legal nome of the company remains Greater London Volunteering. a registered charity in England and Wales. During this period. the company continued to use the brand nome London Plus. Recruitment and Appointment of Trustees The recruitment and oppoinlment of Injstees ore sel ovl in our Arlicles of Association. Truslees are elected annuolly at the AGM. Al Ihe third annual general meeting after a tTUStee's lost oppoinlment Iwhether by election or co-optionl o trustee shall retire. They shall be eligible for re-oppointment provided that no trustee may continve lo serve after six years in office without a period of at least a year out of office and no trustee may Serve for more Ihan nine years in total. For the purposes of thts Arlicle131.1) o "year" sholl mean a complele period of seNice between Iwo annual general meetings. The Board may, from time to time. appoint a member of staff as a member of the Board either to fill o casud voconcy or by way of an addilion to Ihe Board. subject to the provisions of Ihe Articles of Association. Trvslee Induction and Training New trustees are provided wth an induction on joining the Board and are encouraged to take up relevanl training and development lo fulfil their role ond responsibilities to London Plus. Risk Management The Irustees review Ihe risks to which Ihe charity is exposed and have set up a number of policies which the trustees. employed sloff and volunteers must follow. They believe thal there are in ploce adequate controls and systems lo miligale any external and internal risk5 that it may face. GREATER LONDON VOLUNTEERING Report of the Trustees for Ihe year ended 31 March 2022 structure. Governance and Managementlconl'd... Organisation At the beginning of the year. we were waiting for news on our application lo City Bridge Trust for continued funding. This opplication was for £SCMJ,OCh) over three years. It was submitted just prior to the previous year's end. Early this yeor we heard Ihot the application had been successful. This support from City Bridge Trust allows London Plvs to continue to develop its work svpporting Ihe voluntary and commvnity sector across London. The pondemic continued lo shape working habits dvring the year. Staff remoined working at home for the whole of 2021122. Reflecting Ihts. we did not renew Ihe lease on our office in December 2021. opling to save costs. Staff began lo meet up lo collaborale and. also. use local working spaces. We hove odopled some working conditions to support staff in this and wll review our office arrangements in the new year. The organi5ation remained short of sloff for much of the year. Our data and reseorch onolyst left in the first quarter of the year and a replacemenl w05 not found unlil the fourth quarter. As a result. much of our work on data was on hold during 2021122. Short staffing adversely affecls London Plus as it does many small charities. When a member of staff leaves. there is significant disruption and material cosls of recruitment. The tightening labour market post-pandemic adds to Ihese complicotions and pressures. Managemenl Day-to-day management is delegated lo a small Staff team. led by a chief executive officer. Thfoughoul this reporling period. the chief executive has been Martin Brookes. Objectives and Activities Objeclives The objectives of the charity are: To promote the efficiency ond effectiveness of voluntary and charitable sector organisations. To promote such other exclusively charitoble purposes occording to the law of Englond and Wales as the truslees is their absolute discrelion from time to lime delermine. GREATER LONDON VOLUNTEERING Report of Ihe Trustees for the year ended 31 March 2022 Objectives and Activitieslconl'd. Vision A city where all Londoners can thrive. Mission We are laking a bold approach to turn dola into insight. empowering civil society organisations through betler connections and ensuring that our collective voice influences positive change. Activities Our activities are organised oround four building blocks. Networks are Ihe first building block. Networks make it easier for us to gather information from. provide support to. and connect charities and community groups across London. Some of our networks are for specific organisations. such as for local charity infrastructure groups in each London borough. Others address a parlicular topic such as social prescribing or the response to the arrival of Ukrainian refugees in 2022. Commvnications. the second building block. are needed to support charities and community groups. The voluntary and community sector in London is large and disparale. Good information and communications need to flow to Ihe sector. We ore investing increasing time. energy. and resources into reaching the seclor. This includes using social medio. newsletters. our website. as well os our networks and other channels. Connections are the Ihird building block. which we use to support the sector across London. We have good links with policy makers in the GLA and London Councils. as well as funders. We have added further to these as we contribule to the agenda for London's recovery from the pandemic. Our ne￿orkS give credibility to our voice and influence when we talk to policy makers and funders across London. Strong connections and credibility help us build understanding. partnerships, and develop solutions. Data is the final building block of our work. Our ne￿OrkS help provide us with both hard as well os soft 'data'. There is less analysis and scrutiny of, and limited data about, the voluntary and community sector. We help plug this gap by gathering dota from our networks and beyond. With this. we can better understand and serve the needs of the sector. Il.f, GREATER LONDON VOLUNTEERING Report of the Truslees for Ihe yeai ended 31 March 2022 Objectives and Activitieslconl'd... Public Benefit In forming and reviewing the chority's objectives. the truslees have given due regard to public benefil guidonce published by the Charity Commission as required by section 17 of The Charities Act 2011. Achievements and Performance During the year we started lo describe London Plus os follows: London Plus supports and champions charities ond community groups in London. It does this through networks. dota. communications. os well os connections across ttie capital. This is an adaptation from the previous description which emphasised the three pillors of nelworks. data. and voice and infiuence. 11 is a small reframing only. not a marked departure. 11 reflects our broader work across the sector as well as o focus on communications lo reach the wider voluntory and community sector in London. The shifl can also be seen in our work during 2021122. The first half of the year continued to be shaped by the pandemic. At the start of the year. significant reslriclions on octivities remained in place in order to curb the spread of the pandemic. The London Strategic Coordination Group ISCGI continued to operale and guide the capital's response. As port of the official Covid structures, the Communily. Faith. Voluntary Sector and Funders SCG sub-group ICFVSFI mel regularly. London Plus was o member of this sub-group and continued lo provide input from our networks as well as channel information about restrictions. public health messages, ond funding lo the wider sector. Most remaining restrictions on economic and sociol activity were litted in July. In the run-up lo this and subsequently. we began to reflecl on the lesson5 from the pandemic. including the SCG sub-groups Ilatterfy CFVSF which followed the original Funder, Community and Voluntary Sector. FCVS sub-group). These had forged strong links between parts of the sector. policymakers and funders. improving mutuol understanding andjoinl working. including by helping the flow of information between and across seclors. There wa5 a desire to build on these lessons. Events in the second half ot the year increased interest in how the 5eclor can work together efficiently and effectively. GREATER LONDON VOLUNTEERING Report of the Trustees for the year ended 31 March 2022 Achievements and Performancelconl'd... A key event triggering this inleresl wos the airlifting of thousands of refugees from Afghanislon os part of the 8ritish withdrawal lolong5ide that of other nalionsl. Refugees arrived in the UK. wlh the lorgest number (around s.c￿) landing in London. The Afghons were housed in 15 hotels ocross 8 boroughs. Many of them had significant needs, having fled Afghanislon with few possessions. Locol authorities were not necessarily prepared for this nor. in some cases. even initially aware of the presence of the refugees in holels. London Plus worked closely with Ihe VCS Emergencies Partnership on a response. The two organisations had previously worked together. with London Plu5 playing o role during the pandemic as one of the local leads for the Emergencies Partnership. The situation with the Afghan refugees fostered a much closer working relotionship and partnership. This including building a nelwork of organisotions at Short notice to address the needs of the Afghans and provide whal was needed. Organisations including the British Red Cross: RE:ACT. which mobilises mostly ex-mililory volunteers: Ihe local volunteer centre in Hovering: a clothes donation depot in Lewtsham." and others. played crucial roles helping Afghans. Fire trucks and Transport for London vans and drivers. charity donation depots, volunteer centres, shop spoces. children's clothes chorities. ex-mililary volunleers. Red Cross coordinalors. Afghan charily translators - all these and more were mobilised. Information was pooled and tasks shared. with organisations passing on responsibilities to one another according to local need. expertise. and resources. With everyone working together. the wider voluntary and community sector mounted an effective response. London Plus and the VCS Emergencies Parlnership coordinated ond monoged the whole project. This was a significanl departure for London Plus: it was Ihe first time we became involved coordinating octuol delivery of fronl-line work in London. Up to Ihis poinl. we had collecled. shared and collated information only. The episode prompted reflections'with VCS Emergencies Portnership oboul the need for a stronger emergency response strvclure in London. That Ihinking conlinued. and was woven into discussions with City Bridge Trusl. the Corporation of London. the GLA. London Funders. and olhers. obout the lessons to take from the pondernic. Mony of these organisations had played a role developing Ihe original idea for London Plus as a supporl for the seclor and o way that policymokers might connect wilh it effeclively. Given this. as well os experiences during the pandemic. it was natural thal we should be seen as part of future arrangements. GREATER LONDON VOLUNTEERING Report of Ihe Trustees for Ihe year ended 31 March 2022 Achievements and Performancelcont'd... Russia's invasion of Ukroine in Februory odded to this Ihinking. Within a doy of the invasion. we launched an online and crowd-sourced document collecting organisalions who could help wilh arriving refugees ond direcling people who wanted to help. This document grew and developed in the days and weeks after the invasion. It was widely used in the sector and by slatutory bodies. In this way. as well os through contributing lo ond convening meetings of organisations. London Plus helped lo coordinate the response of the wider voluntary and community sector in London. by collecting. collating and shoring information. By the close of the year. London Plus and VCS Emergencies Partnership had a strong working relolionship and mutual understanding. We also had a good sense of what London needed for future emergencies. In the lalter part of the year, the organisations developed a plan for o new structure the London Communities Emergencies Portnership. The design of this draws on, and tries to incorporate. the lessons of the pandemic. Discussions aboul this were continuing into the new year. Infrastructure Networks Throughout this period. we continued to support our two original nelworks for directors of local infroslructure orgonisotions (Councils of Volunlory Setvicel and heads of Volunteer Cenlres. These organisation5 are often the bedrock of the local voluntary and community sector. playing vital roles supporting. connecting. coordinaling and representing the sector locally. Running and helping ￿e￿OrkS. both formal and informal. is vital lo our work. Our dedicated Networks Manager ensures they are supported and, in lurn. helps them provide input lo our work across London. Four meelings of our CVS Directors Network were held during the yeor. The meetings provide valuable opporlunities for directors to share local experiences, knowledge. and insights. As the pandemic continued to pul organisalions under stroin and subsequent emergencies added to pressures. Ihe networks provide opporlvnilies to take stock and learn. Communications shored weekly with the ne￿orkS add to their usefulne5S. Topics covered at CVS network meelings thi5 year included updates and presentations on London's recovery missions and the work of the London Recovery Board: the development of a new index of civic slrength in London; the introduction of Integrated Care Systems in the NHS: national sector priorities and the work of the Notional Council of Voluntary Organisation5 INCVOI: the work of the Money and Pensions Service: training for the sector from Informotion Superhighwoys. GREATER LONDON VOLUNTEERING Report of the Truslees for the year ended 31 March 2022 Achievements and Performancelcont'd... Infrastructure Netwotks/cont' d... There were chonges in the governance of the network during the year. At the start of the year there were Co-chairs. This changed in November and there was a single Chair for the remoinder of the year. with Iwo other CVS directors playing supporting roles. Also, at the stort of the financial year severol relatively new members of the network joined. and brought valuable new perspectives and priorilies. The network was olso changed during the year to address flucluoting attendance. Smaller meetings have often resulted in more fruitful discussions, with everyone having lime and spoce to actively participate. but we continue lo lry to support orgonisolions from across Ihe whole of London. CVS Directors are extremely limited in copocity ond resource. and this has been on issue for the network. We will conlinue to think of ways lo make the network even more effeclive and valuoble. Limited capacity within the seclor mokes it more important lo consider ways to highlight the work and value of CVSS and similar organisalions Ihal provide infrostructure. To Ihis end. we slorted to develop o collective impact report showing Ihe London-wide reach and impact of the CVS network and the value of ils members. Ongoing and regular emergencies continue to ploce demonds on the sector and limit Ihe time available for research projects like this. These demands continued Ihrough the end of the year with Russia's invasion of Ukraine. A growing focus on the cost of living pressures begon to emerge towards the end of the year and is likely to shape the work of the network in Ihe foreseeable future. The Volunteer Centre Network was similarly busy throughout the year. meeting four times. Each meeling includes organisations from different boroughs sharing Iheir local experiences. knowledge. ond insights. Ongoing pressures during Ihe pandemic and through subsequent emergencies, including the never*nding challenges of funding. were regular fixture5 during the year. A5 well a5 Standing items and providing opportunities for networking. Special lopics discussed ot VC Ne￿OrkS during the year included the VCQA quality assuronce mark for organisalions supporting local volunleering- sUPPOrting local mutual aid groups: the provision of volunteers to support Covid voccinotion sites: the civic slrenglh index for London- the profile of local volunteer cenlres- Ihe response lo the Ukraine crisis: and the London Volunteering Strategy Group ILVSGI. GREATER LONDON VOLUNTEERING Report of Ihe Tru$lee$ for the year ended 31 March 2022 Achievements and Performance/cont'd... Infraslructure Networkslcont'd... Eody in the year. London Plus. the GLA. and others including national volunt,eering organisations developed the London Volvnleering Strategy Group. Its oim is lo promote and support all types of volunteellng ocros5 the capital. joining up organisations working in different oreas. London Plus is o key partner in Ihe group and during the yeor helped develop plans for a campaign aimed at appealing to oll Londoners. By the end of the yeor requests had been made for media partners. This campaign developed further and was successfully launched subsequently. The end of this year saw the start of new chairing arrangements for the VC Network.11 was felt this would be beneficiol in lerms of structure ond focus. giving the network a greater sense of ownership and collaboration. New Co-chairs were introduced and storled ol Ihe beginning of 2022. Early signs ore thot this is working well. London's Recovery Missions We worted throughout Ihe year to support Ihe nine recovery "missions" for London post-pondemic. These were introduced in the second half of 2020121 and shaped much of the focus of our partners ond funders in the GLA. London Councils. London Funders. and elsewhere. Ovr chief executive sat on the London Recovery Taskforce throughoul the year. helping monilor and assess work on Ihe five social missions, informing the London Recovery Board's role overseeing Ihe recovery programme. He also sat on the core team supporling the work of the Building Strong Communities mission. which fits most closely with the ambition of London Plus to support arKI champion the voluntary and community sector. This mission aims to ensure that 'By 2025. all Londoners will hove access to a community hub ensuring they can volunteer, get support and build strong community nelworks." This recovery programme developed through Ihis period ond Ihere was both more funding for the voluntory ond community sector as well as important initiatives such as the introduction of the civic strength index. The precise formulation of Ihe building strong communities ambition into a quantifiable mission with a focus on community hubs presenled some chollenge5 during the year. Nonetheless, the mission provided a volvable focus for efforts aimed at building communities and. also. developed further already strong links between individuals and organisalions in London. GREATER LONDON VOLUNTEERING Report of the Truslees for Ihe ye(Y ended 31 March 2022 Achievements and Performance/cont'd... Social Prescribing We continued to build, develop and support the London Social Prescribing Ne￿Ork during Ihe yeor. This network is funded by the GLA and aims lo help organisotions and individuals in the voluntary and community sector who ore involved with the growing field of social prescribing. The networt is run by our Social Prescribing Network Manager. The ne￿ork is now two years old and has established itself within the sector in London. Membership of Ihe network grew Ihroughoul this year: it was up oround 60% and was close lo 3CM) by year-end lit has continued to grow since). A monthly newsletter was produced for members throughout the year. o number of orticles were published. and events held. Evidence show5 these outputs are well-received and used. As well as directly supporting network members. we need lo influence the wider field of practice of sociol prescribing. To this end. London Plus is a member of a Social Prescribing Partnership together wilh the GLA ond Healthy London Porlnership. The partnership aims lo improve social prescribing in London in part by championing the important role the voluntary and community seclor ploys in the "choin" from o potient presenting symptoms to a GP Ihrough lo enjoying health improvernenls because of an aclivily such a5 walking. gardening. doncing. sociol groups. elc. One challenge for Ihe voluntary and community sector is that such activities ore oflen not funded by Ihe NHS. and prescribing GPS or link workers assume they are freely avoiloble. As o result. the voluntary and community sector faces strains because of growing demand without increased funding. Advocating for Ihe voluntary and community sector is an importanl part of the work of London Plus through its ne￿ork and via discussions wilh parts of the NHS. A crucial first slep on this poth is consistently showng up ond talking oboul Ihe sector and social prescribing lo commissioners in the NHS and elsewhere. Our Social Prescribing Network Manager regulorly omended cross-sector meetings wilh Ihe NHS and olher parts of the system this year in order to give the network a strategic influencing role. Alongside the London Social Prescribing Network. in this year we continued to run the London arm of the Thriving Commvnilies programme for the National Academy for Social Prescribing. This programme involves helping organisations across London, supporting them to build Iheir practices and networks. To help Ihis programme reach the whole of London. we work with five local CVSS. one in each of the five NHS regions in Ihe capital. 10 GREATER LONDON VOLUNTEERING Report of the Trustees lor the year ended 31 March 2022 Flnanclal Revlew We made an application to City Bridge Trusl for renewed funding just prior to fhe start of the financial year. The hope was thal City Bridge Trusl would continue to fund the charity as we took steps lo diversify our funding. Progress on diversification had been delayed by the pandemic.. the pressures of Work supporting the sector and conlribuling lo London's emergency response ond recovery slructures. City Bridge Trust wefe understanding abovl this and approved on application for £500.000 over three years. Whilsl waiting for a decision on this funding. the charity look prudent steps to reduce our exposure ond activities in case the funding application was not successful. Renewed funding from Cily Bridge Trusl provides a stable platform for the charity lo conlinue ils work. including toking more steps lo diversify its income. In the posl year. funding from Cily Bridge Trust represented its smollesl proportion of spending146% of totol. down from 61% in 2020121 }. Diversification of income is underway. and more progress is planned. As parl of this. the GLA provided funding to reflecl our work supporting the 8uilding strong Communities mission. This funding is set lo conlinue in 2022123. Work on sociol prescribing has brought in funding from the GLA and the National Academy for Social Prescribing. conlributing to Ihe smoller proportion coming from City Bridge Trust. Our unrestricted reserves have lollen slightly. to £46.34812021 £48.605}. but remoin adequole. The nalure of London Plvs's work and our funding makes il difficult to build further unrestricted reserves. If we receive tunding and deliver work that allows us to extend lhe money we receive in gronl from City Bridge Trvst, this remains restricted under the terms of Ihe City Bridge Trust grant. Futvre plons for the London Communilies Emergencies Partnership. to the extenl they support our core role5, will have the same effect. Funding from the GLA or Notionol Academy for Social Prescribing for social prescribing does not generate o surplus. It remains an ambition to build up unrestricted reserves. The next step to this end is to finolise a strategy. building on the lessons of the post two years. With this slrolegy finalised. we intend to approach a number of funders in London. We will also approach City Bridge Trusl to discuss terms of our existing and potenlial future funding in light of the new slralegy. Funding received In Ihls period: City Pxidge Trust funding Funding from e￿sting City BrKJge Tnjst granls wcs LBed fcx the sakjries of the Chief Execulive, Nelworks Manager, C4Jta and Research ArKJtysl, Communicalions Off￿er and LorKJon Plus Coordimtor. It a&0 covered central off£e costs arKI overheads. GREATER LONDON VOLUNTEERING Report of the Trustees for Ihe year ended 31 March 2022 Flnanclal Revlewlcont'd... Fundlng recelved In thls perfod:Icont'd... During Ihis period. we received confirmation of a new granl from City Bridge Ttust for £50),000 covering 2022123-2024125. This is split £200.CCQ in 2022123. £175,000 in 2023124. and £125.COJ in 2024125. This funding was provided under City Bridge Tnjsl's Bridging Divides Programme. Additionally. we received o gronl from City Bridge Trust of £12.860 to cover Iransport costs for work done by portner organisations during the Afghan refugee crisis in the summer of 2021. This funding wa5 P05sed through lo other organisalions via grants. GLA funofing We received o grant for £￿),{X[) from the GLA lo cover our contribution to work on London's recovery missions. specifically the mission on Building Slrong Communities. A second instalment of this grant is due to be paid in 2022123. We also received a gant of £16.(JX) from the GLA lo distribute up to £15.CQO of access grants to community-led orgonisations who were delivering octivities as part of the Festival of Ideas. We received a further £33.OC() of which up lo £30.CKQ was dislributed to orgonisotions to host health conversotions wth young Londoners. And we received £1 0.000 to distribute up lo £9.IXO lo anchor cxgoni5alions who hosted vaccine hesitancy events. We also received a grant of £20.c￿ lo lead on a London Volunteering Stralegy Group volunleering campaign ond £35,CQO to lead on a collat)orative platform both to be delivered in the financial year ￿221T3. Separately. the GLA funds our London Social Prescribing Nelwork. The grant for Ihis in 2021122 wos £32.409. Thi% gront funds our Sociol Prescribing Ne￿ort Manager. Notional Academy for sociol Prescribing funding We received a grant from National Academy for Socid Prescribing for £79.542 to cover our work on the Thriving Communities Programme. Much of this is passed through to five local CVSS who support the programme in Ihe five NHS Integraled Care System regions within London. VCS Emergencies Partnership funding We received a grant from Ihe VCS Emergencies Partnership for £72,7￿ during this period as remuneration for our role os Local Lead wthin the Emergencies Portnership. 12 GREATER LONDON VOLUNTEERING Report of the Tru51ees for the year ended 31 March 2022 Flnoficial Review..Icont'd Reserves Pollcy The charity maintains reserves sufficient to enable it to fulfil its choritoble objeclives. The Board ol Trustees reviewed the risk-based reserves policy in July 2019 and has continued to monitor and review its fit for purpose since. Loss of funding is deemed the greatest risk lo the orgonisotion and loss of our primary funder would likely need to result in closure of the chority. The truslees are satisfied that the £46.348 held in reserves al the end of the year is sufficient to meel the cosls of closure. To help this assessment. o colculalion of the costs of closing the charity is periodically updated. The lalest calculation was in June 2021 and showed the costs of closure would be £32.325. During the next financial year. the Irustees will consider a move towords a reserves policy targeting al leasl Ihree months. spending in unrestricted reserves. This will odd to Ihe cushion the chority has and allow it to face future uncerloinlies with greater confidence. and reduce the risk of closure in the event of funding being interrupled. We wtll open conversations with funders about this largel. 13 GREATER LONDON VOLUNTEERING Report of the Trustees for Ihe year ended 31 March 2022 Trustees Responslbllilies Statemenl The trustees Iwho are also direclors of Grealer London Volunteering for the purposes of company lawl are responsible for preparing the Trustees, Annual Report and the financial statements in accordance wilh applicoble law and the United Kingdom Accounting Standards Iuniled Kingdom Generally Accepted Accounling Practice). Company law requires the trustees lo prepare financial statemenls for eoch financial year, which give a Irue and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources. including Ihe income and expenditure,of the charitable company for that period. In preparing these finonciol stotements. the tnJstees are required lo: Selecl suilable accounting policies and then apply them con515tenlly- Observe Ihe methods and principles in the Chorities SORP 2015 IFRS 1021: Make judgements and eslimates Ihal are reasonable ond prudenl; stote whether applicable UK Accounting Slandards have been followed, Subject to any material departures disclosed and explained in the financiol statements: Prepare Ihe financial statements on the going concern basis unless it is inappropriate to presume Ihat Ihe chariloble company will continue in operotion. The trustees are responsible for keeping adequate accounting records thal disclose with reasonable accuracy ot ony time the finoncial position of the choritable company and enable Ihem to ensure that the financial statements comply with the Companies Act 2006. They ore also responsible for safeguarding Ihe assets of the charitable company ond hence for taking reasonable steps for the prevention and detection of froud and other irregularities. In so for as Ihe trustees ore owore: There is no relevant audit informalion of which the charilable company's auditor is unaware: and The trustees have taken all steps that they ought lo hove laken lo make themselves aware of any relevanl audit information and lo e51ablish Ihat the audilor is oware of that information. This report hos been prepored in accordonce wlh the special provisions of Part 15 of the Componies Act 2006 relaling to small companies. Approved by the trustees on: 3 December 2022 and signed on their behalf by: Saiah Mulley Chalr of Board of Tiustees 14 Report of the Independent Auditors to the Members of Grealer London Volunteering Oplnlon We have audiled the financial statement5 of Greater London Volunteering (the 'charitoble company'l for the yeor ended 31 March 2022 which comprise the Statement of Financial Activilies. the Bolance Sheet and notes to Ihe financial slotements. including a summary of significanl accounting policies. The financial reporling framewotk that hos been applied in their preparation is applicable low and United Kingdom Accounting Standards. including Financial Reporting Standard 102 The Financial Reporling Standard opplicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Proclice). In our opinion the finoncial slatements: give o true ond fair view of the stote of the charitable company's affairs as at 31 March 2022. and of its incoming resources and application of resources. including its income and expendilure. for the period then ended", have been properly prepored in accordance with United Kingdom Generally Accepted Accounting Practice-. and have been prepared in accordance viith Ihe requirements of the Companies Act 2C()6. Basls for oplnlon We conducted our oudit in accordonce with Inlefnationol Slondards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those slandards are further described in the Auditor's responsibilities for the audit of the financial slalements section of our reporl. We are independent of the charitoble compony in occordance with the ethical requirements that ore relevanl to our audit of Ihe financiol 51alements in the UK. including the FRC'S Elhicol Standard. and we hove fulfilled our other ethical responsibilities in accordance with these requirements. We believe Ihal Ihe audit evidence we hove obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating lo going concem We have nothing to reporl in respect of the following matters in relation to which the ISAS IUKI require us to report to you where: the trustees, use of the going concern basis of occounling in the PTeparotion of the financial statements is not appropriate.. or the trustees have nol disclosed in the financial stotements any identified material uncertainties that may cast significant doubt about the chorilable company's abilily lo continue lo adopt Ihe going concern basis of occounting for a period of at leasl twelve months from the date when the financial statements are authorised for issue. 15 Report of the Independent Auditors lo the Members of Greater London Volunteering {contlnued) Other information The truslees are responsible for the olher informalion. The other information comprises the informotion included in Ihe trustees. annual report. other Ihan the financial statements and our auditor's report Ihereon. Our opinion on the financial stalemen15 does not cover Ihe other infomation and. except to Ihe extent olherwise explicitly stoted in our report. we do not express ony form of assurance conclusion thereon. In connection wilh our audit of the financial slotements. our responsibility is to read Ihe other informalion and. in doing so. consider whether the other informalion is malerially inconsistent with the financial statements or our knowledge oblained in Ihe oudil or olherwise appears lo be materially misstated. If we identify such material inconsislencies or opporenl moterial misstolements. we are required to delermine whether there is a malerial misstolement in the financial statements or a material misstatemenl of the other information. If. bosed on the work we have performed. we conclude thol Ihere is o moterial misstatement of thi5 Other information. we are required lo report Ihat fact. We have nolhing to report in this regord. Oplnlons on other matter$ prescrfbed by Ihe Companles Act 2006 In our opinion. based on the work Undertaken in the course of the oudit: the infoTmotion given in the Iruslees, report lincorporating the directors. reporti for the financial period for which the financiol slotemenls are prepared is consistenl with the linonciol stolemenls: ond the direclors, report ha5 been prepared in accordance with applicable legal requirements. Matters on whlch we are requlred lo report by excepllon In the light of our knowledge and underslanding of the charitable company and ils environment obtained in the course of the audit. we have not identified matersal misstatements in the directors, Teport. We have nothing to report in respect of the following matters in relation lo which the Companies Act 2C06 requires us lo reporl to you if. in our opinion: adequate accounting records have nol been kepl. or returns adequole for our audit have not been received from branches nol visiled by us: or the financiol stotements are nol in agreement with the occounting records and returns., or certain disclosures of direclors, remuneration specified by law are not made: or we have not received all Ihe information and explanations we require for our audil- or Report of the Independent Audllors lo the Members ol Greater London Volunteering (conllnved) Mallers on which we are reqvired to rèport by exception/cont'd... the trustees were nol entitled to prepare the financial statements in accordance with the smoll companies, regime ond loke advantage of the small companies. exemptions in preparing the directors, report and from the requirement to prepare a strategic report. Responslbllllles of trustees As explained more fully in the tTUStees' responsibilities statement. the truslees Iwho are olso the directors of the charitable company for the purposes of company lawl ore responsible for the preparation of the financial statements and for being salisfied that Ihey give a true and fair view. ond for such intemal control os the trustees determine is necessory to enable the preparalion of financiol slatemenls thal are free from material misstatement. whether due to traud or effor. In preparing the financiol slatemenls. the trustees are re5pon5ible for assessing the charitable company's ability to conlinue as a going concern. disclosing, as applicoble. matters related lo going concern and using the going concern basis of accounling unless the trustees either inlend to liquidate the charitable company or to cease operalions. or have no realislic altemalive but to do so. Audltof's responsibilities for the audil of the financial statements Our objectives ore to obloin reosonable assurance obout whether the finonciol Statements as a whole are free from materiol misstatement. whether due lo fraud or error. and lo issue an auditor's report that includes our opinion. Reasonable assurance Is a high level of ossurance. but is not o guoranlee that an oudit conducled in accordance with ISAS IUKI will alwoys detect a molerial misslatemenl when it exists. Misstalemenls con arise from fraud or error and are considered material if, individually or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these financiol stolements. Irregularities. including fraud. ore instances of non-compliance with lows and regulations. We design procedures in line wilh our responsibilities. outlined above, to detect material misstatemenls in respect of irregularilies. including fraud. The extent to which our procedures are copoble of detecting irregulorilies. including fraud is detailed below: Enquiry of managemenl ond Ihose charged wth governance about aclual and potential liligation or claims and the identification of non-compliance with laws ond regulolions. Reviewing minutes of meetings of those charged with governance. Report of the Independent Auditors to the Members of Greater London Volunteerlng {conllnued) Reviewing finonciol slatemenl discbsures and testing to supporting documentation to assess compliance with opplicable laws and regulations. Auditing Ihe risk of monogement override of controls, including testing journal entries and olher adjustments for opproprioteness.. assessing whether the judgemenls made in making accounting eslimates are indicative of a potential bios: ond evolvating the business ralionole of any significant transactions that are unusual or outside Ihe normal course of business. Performing onalytical procedures to idenlify any unusual or unexpecled relationships that may indicate risks of material misstotement due to fraud. Professional sceplicism in course of the oudit and wilh audil sampling in material audit areas. Because of the inherent limitalions of on audit. Ihere is o risk that we will not delect all irregulorities. including those leoding to a materiol misslolement in the financial statemenls or non-compliance wth regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial stolements. as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error. as fraud involves inlenlional concealment. forgery. collusion. omission or misrepresentation. A further description of our responsibilities is available on the Financial Reporting Council's website ot.. wvM.frc.org.ukloudilorsresponsibililies. This description forms part of our auditor's report. Use of our report Thi5 report 15 made solely to Ihe chariloble company's members. as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has en undertaken so Ihot we might slote lo the charilable company's members those tlers we are required to state lo Ihem in an auditor's report and for no other rpose. To the fullest extent permitted by law. we do not occept or ossume ponsibility lo anyone other than the charitable company and the charitable mpany's members os o body. for ovr audit work. for this report. or for the opinions have formed. re hen Jones FCA (Senior Statutory Avditorl For d on behalf of Myrus Smith Chartered Accountonls and Statutory Auditor Norman House,8 Burnell Road. Sulton.Surrey SMI 4BW December 2022 18 Greater London Volvnteering statement of Flnancial Actlvitles (including Income and Expendilure Account) for Ihe year ended 31 March 2022 UMe$t￿led Reslrfcted 31 Morch Funds Funds 2022 31 March 2021 Note Income from: Donations and grants Charitable aclivities 356.274 356.274 456,520 4.8C(I Total 356.274 356.274 461.320 Expendllure on: Raising funds Charitable aclivities 7.303 430.137 7.303 430,137 7,304 350,817 Total 437.440 437.440 358.121 Net (deflcll)/$urplv$ Transfers between funds 181.1661 181.1661 2.257 103,199 13 12.2571 Net movement in funds Reconclllallon of funds: Total funds brought fo￿ard 12.2571 178.9091 181,1661 103,199 13 48.605 124.854 173.459 70,260 Total funds canled forward 13 £46,348 £45.945 £92,293 £173,459 All income and expenditure is derive.d from conlinuing activities. The SOFA includes all gains and losses recognised during the period. The notes on pages 21 to 28 form part of these occounls Greater London Volunteering Balance Sheet As at 31 March 2022 31 March 2022 31 March 2021 Noles Current assets Debtors Cash al Bank 10.937 171.019 15,921 255.876 181.956 271,797 Credllors: amounls falling due within one year 12 189.6631 198.3381 Net cuirent assets 92.293 173.459 Net assets 14 £92.293 £173.459 Funds: Unrestricted funds - General funds 13 46.348 48,605 Restricted fvnds 13 45,945 124.854 Total funds £92.293 £173.459 854 These occounts hove been prepared in accordance with the speciol provisions relating to small companies within Part 15 of the Companies Acl 2CO6. Approved by Ihe directors and truslees On￿DeCeMber 2022 and signed on their behalf. Sarah Mulley. Chalr The notes on pages 2110 28 form p(￿1 of these accounts. Greater London Volunteerlng Notes to the flnancial statements for the year ended 31 March 2022 l. Accountlng pollcle$ General Infomiatlon and basls of pfeparallon Greoter London Volunteering is a private company limited by guorontee registered in England and Wales. In the event of the chority being wound up, the liability in respect of the guorontee is limited lo £1 per member of Ihe charity. The address of Ihe registered office is given in Ihe "Reference and Adminislralive Informotion" on page I of these financial statements. The charity constitutes a public benefit entity as defined by FRS 102. The financial stotements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their occounts in accordance wilh the Financial Reporting Stondord opplicable in the UK and Republic of trelond IFRS 1021 issued in October 2020. the Financial Reporting standard applicable in the Uniled Kingdom ond Republic of Irelond IFRS 1021, the Charities Acl 2011. the Companies Act 2tK16 and UK Generally Accepted Accounting Practice. The financial statemenls are prepored on a going concern bosis under the historicol cost convention. The significant accounling policies applied in Ihe Fyeparalion of these financiol slotements are set out below. These policies have been consistenlly applied lo oll years presented unless otherwise sloted. Income recognHlon Items of income are recogni5ed in Ihe financial stalements when all of the following criteria are met- The charity hos entitlement to the funds; any performance conditions have been met or are fully wlhin the control of the charily- there is sufficient certainly thal receipt of the income is considered probable.. and the amounl can be measured reliobly. Income from performance related granls and controcts is recognised as the charity earns the right lo consideration Ihrough delivery of the specified services. 21 Greater London Volunteering Notes to the flnancial statements for Ihe year ended 31 March 2022 Expendmure recognHlon Expendilure is recognised once there is o legal or constructive obligation to make poyment to a third parly. it is probable Ihat setllement will be required and the amount con be measured reliobly. Expendilure includes oll irrecoverable VATwhich is included as port of Ihe relevant cost. Expendilure is classified under the following octivity headings: Costs of raising funds comprises Ihose costs associaled with attracting voluntary donations ond grants Expenditure on charilable activities comprises those costs associated with the delivery of the vorious octivilies ond seNices for the charity's beneficiories. Expendilure includes those costs of a direct nature which can be allocated to a specific activity and a150 includes indirecl costs. including governance cosls that do not relate lo o specific activity but are necessary to support those activities. Support costs ore apportioned lo each activity on the basis of staff time. Leases Operoting leose rentols are charged lo the Slatemenl of Financial Activities on o straight line basis over the period of the lease. Fund accounting Unreslricled general funds are freely available for Use in furtherance of the objecls of the charity and which have not been designoted for specific purposes. Designaled funds ore unreslricled funds set oside by the Injstees for porticular purposes. Restricted funds are funds which can only be used in accordance with specific restrictions imposed by the donor or which have been raised for o particvlar purpose. Penslons The chorify contribules to Stakeholder Pension Schemes on behalf of its employees. These schemes are defined contribulion pension schemes. Contributions payoble under these schemes are charged the Statement of Financial Aclivities in the year to which they relate. The charity has no liobility under these schemes other Ihan for Ihe paymenl of those contributions. Debtors and credltots recelvoble/payable wlthln the year Debtors and creditors with no stoted inlerest role and receivable or payable wilhin one year are recorded at transoction price. Any losses arising from impairmenl are recognised in expenditure. Greater London Volunteering Notes to the financlal statements lorthe year ended 31 March 2022 Donations ond grants 2022 2021 City Bridge Trust- Core City Bridge TnJsl- Covid 19 City Bridge Trust- LRC City Bridge Trust- Afghan Irovel GLA- Soc. Presctibelsmall grants Nat. Acodemy for Social Prescribing GLA- Malched funding for Core VCSEP - Motched funding for Core 115,625 254,584 15,000 50,000 12,860 104.897 94.542 20.(X)O 8.350 74.059 53.377 9.5C £356.274 £456.520 All of Ihe £456.520 recognised in 2021 related to restricted funds. Income from charilabl• activili•s 2022 2021 Olher Income Consultancy 4.8(J) £4.800 All of the £4.8CM) recognised in 2021 relaled to restricted funds. Cost of raising fund$ 2022 2021 Fundraising activities £7.303 £7,304 All of the £7.304 expenditure recognised in 2021 was charged to restricted funds. Cost of charftable aclfvllles Dlrecl Costs Support Costs 2022 2021 Civil society services £394.092 £36.045 £430.137 £350,817 All of the £350.817 expenditure recognised in 2021 was charged to reslricled funds. 23 Greatei London Volunteering Notes to the flnanclal statemen15 for the year ended 31 March 2022 Analysis of drect costs 2022 2021 Wages and salories Redundancylseltlement cosls Recruitment Consultancy feeslsecondments Travel cosls Projecl delivery costs Website costs Compulerlequipmenl costs Nelwork doys/conference Legal fees Other direcl costs 234.893 194,587 12.100 1,437 426 2,545 21.488 2.760 126.976 697 329 2.606 438 1.360 105.110 299 125 1.908 3,156 457 £394.092 £319,605 Analysis of support costs 2022 2021 Office costs Premises cosls Marketing & promotion Govemance costs (note 81 10.068 18.202 2.040 5.735 7,455 18.122 5.635 £36,045 £31.212 Governance costs 2022 2021 Audil and accountancy fees 5.735 5.635 £5,735 £5.635 24 Greater London Volunteerlng Notes to the financlal statements for the year ended 31 March 2022 Net surplus/(deflclt) The net surplus or deficit is stated after charging: 2022 2021 Auditors, remuneration- Audil fees Trustee remuneration Operoling leases 1.824 16.288 16.793 No trustees were reimbursed during the year.12021- none). i o. staff costs 2022 2021 Wages ond salaries Social Securily costs Pensions Settlement agreement NIC iebate 212,653 21.945 11.598 178.561 18.698 8,632 12.100 14,0001 14.OCQ} £242.196 £213.991 One employee received tolol employee benefits lexcluding employer pension coslsl of between £60,COJ- £69.999. The average weekly number of employees during the period. calculated on the basis of full lime equivalents wos 612021- 51. Total employee benefits received by key management amounted lo £73.029 12021 £73.037}. Under FRS 102. employee benefits include gross salary, benefit5 in kind. employer's notional insurance and employer pension costs. 25 Greater London Volunteering Notes lo the financial statements for the year ended 31 March 2022 I l. Deblors Due within one year Prepayments Grants receivable other Deblors 2022 2021 937 io,c 768 10,050 5.103 £10.937 £15.921 12. Credltors: 2022 2021 Amovnts falling due wilhin one year. Trode Credilors Income in advance Accruals 14.500 69.CKXI 6.163 24.069 71.250 3,019 £89.663 £98,338 13. Movement In funds At Transfers Al behveen 31 March funds 2022 2021 Income Expendltrure 2022 Restrlcled funds Core- Cily Bridge Trust Core- Molched funding GLA S¢x. Prescribing GLA Small gronls AFGHAN TRAVEL NASP 83.664 115.625 28.350 32,419 72.478 12,860 94,542 201.546 28.350 34.803 69.796 12.860 90.085 2,257 8.033 1,318 5.646 4.OC() 31.842 36,299 124.854 356.274 437,440 2,257 45,945 Unrestricted fund5 General Fund 48.605 12,2571 46,348 Total funds £173,459 £356.274 £437.440 £Nil £92,293 Each of the funds is described in the Trustees. Annual Report. 26 Greater London Volunteering Notes to the financlal statements for the year ended 31 March 2022 13. Movement in fvnds (conl'd) Comparalive information for the net movement in funds is as follows: Transfers between 31 Morch funds 2021 2020 Income Expendituie 2021 Restricted funds City Bridge Trust City Bridge Tru51- LRC Greatei London Auth¢yily NASP Sport England 18.662 283.884 218.882 83.664 74.059 53,377 64.711 21.535 2.993 9.348 31.842 2.993 21.655 461.320 358.121 124.854 Unrestsicted lunds General Fvnd 48.605 48.605 Total lunds £70.260 £461,320 £358.121 £Nil £173.459 14. Analysls of nel ossets between funds Restricted Unrestrlcted Total 2022 Currenl assets Current liabilities 135,608 189.663) 46.348 181.956 189,6631 Total funds £45.945 £46.348 £92,293 Comparative information for the net assets between funds is as follows: Restrlcted Unrestrlcted Total 2021 Currenl assets Current liabilities 223.192 198.3381 48,605 271.797 198,3381 Total funds £124,854 £48,605 £173.459 27 Greater London Volunteering Notes to the flnanclal statements for the year ended 31 March 2022 15. Related parties Dve to GLV'S stotvs as on umbielkj body for London based volunteer cenlres. a number of GLV trustees ore involved with the governancelmonagement of these orgonisotions. The work of GLV is such that o number of transactions orose with some of Ihese orgonisotions os port of 115 routine charilable oclivily on several contracls. The Irustees afe satisfied thol all such tronsoctions hove been carried out on an arm's length basis. 16. Commttments Minimum leose poyments vnder non