DoGusign Envelope ID". 04128F90-9D744853-B575-53E335D4974B REGISTERED COMPANY NUMBF.R: 07835718 (F.ngland and Wales) REGISTERED CHARITY NUMBER: 1147186 Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2025 for CVS Brent Grant Ha0d Lerinan Davis LLP Chartered Accountants Second Floor, Kirkland House 11-15 Peierborough Road Harrow Middlesex HAI 2AX
DoGusign Envelope ID". 04128F90-9D744853-B575-53E335D4974B CVS Brent Contents of the Financial Statements for the year ended 31 March 2025 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet 10 Cash FloTrY Statement Notes to the Cash Flow Statement Notes to the Financial Statements 13 to 19
DoGusign Envelope ID". 04128F90-9D744853-B575-53E335D4974B CVS Brent Report of the Trustees for the year ended 31 March 2025 The trusiees who are also directors of the charity for the PilTposes of the Companies Act 2006, present their reporr with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Aecounting and Reporting by Charitieg.. Statement of Recommended Practice applicable to charities prepariiig their accoiii)ts in accordance with the Financial Reportitjg Standard applicable in the UK and Repiiblic of Ireland IFRS 102) (cffective l Janiiary. 2019}. Page I
DoGusign Envelope ID". 04128F90-9D744853-B575-53E335D4974B CVS Brent Report of the Trustees for the year ended 31 March 2025 OBJECTIVES AND ACTIVITIES Principal activity The charity'5 principal activity for the year, which 15 Set out in the Articles of Association, was to provide practical support to voluntary and community organisations and social enterprises, i.e. organisational development. networking, representation, advocacy and liaisLTrn, community development. The local voluntary, community and social enteTpfi5e sector IVCSE} in Brent strive to improve the live5 of local residcnts. CVS Breiit keeps the sector iiifomied about lldIng and development opportiiiiities, sirengtlicns the skills and knowledge of the frontline workforce through the provision of funding, advice, support and training. The sector is supported,. to share insights on key issues and ideas for improvement both directly and via our Thematic Leaders. The VCSE in Brent is represented at borough based integrated health partnership level. on the leadership 0Up as part of Third Sector Together (38T) VCSE hcalth sector sub -regional group and engaged in ¢m¢rg¢n¢y planning where w¢ echo the value of trusted frontline organisations and keep leaders. CVS Brent 5UPPOrts the sector to engage in local subreujional level able to collaborate for good. open the pathway beN'een under heard voices gnd policy Ingkers can be heard at the highest levels share key messages to policy Inakers speak up guide and advocate Lin behalf of the local secior. CVS Brent workstreain fall into tliree interconnected workstreams.. l. Funding & Organisation Development 2. Polic>, & Partnership Development Cotnmuiiity & healtli developtnent Funding & Organisation Development As part of our LBB infrastructure support contract, the VCSE sector has access to nding. advice, support and trdining opportunities. CVS Brent host one to one sessions 10 support the VCSE in Brent, ensuring they meet legal, governance and financial compliance alongside funders that offer bespoke support. Funders such as the local authority, National Lottery Heritage Fund and The National Ltstterv Community Fund and healtl) fundeis maii)tain regular coi)tact with the sector in Brent. AlonLT side this a teain of oruaiiisation developineiit specialist.. community accoiintant, lebTal Structure and fundraising strategi%t support the sertor to meet refre%h their policie%, access training, updat¢ policie% and procedures, meet compliance requirements and prepare funding applications. 2) Policy & Partnership Development Brent is recognised as a borough with great diversity. More than 70 languages are spoken. it is the second most deprived London Boi"ou¥h, Ivith high levels of poverty and health iiiequality. Frontline or¥ani5ations ale encouraged to speak up on behalf of service users to improve the lives of local re5ideiits aiid to do their part to protect the environinent. CVS Brent coordinates a network of leaders that brin&s iogeiher nominated leaders known gs Thematic leaders who lead networks such as food, advice, mental health and homelessness. engages frontline leaders to influence social policy key role as leaders that collaborate to lead and innuence social policy. 3) Communit). & health development- Our bottom-up approach In a eliinate M'ith high levels of poverty, deprivation and disadvantage residents face higher levels of racial discrimination. Local organisations are supported to adopt a strength5 based approacli to develop coinmunities. As part of our approach CVS Brent adopts the Asset Based community Developmeni Approach to build stronger communities. Locally based organisations are encouraged to nliminate one to two members of their team. Over the past year in the midst of the cost of living crisis and the energy price crisis CVS Brent continued to support the development of the VCSE sector in Brent. This involved.. Continuing to provide organisational development (capacity building) support io existing organisaiions and help create new VCS organis£ltions for the benefit of the resident5 they serve. WorkinuT collaboratively with oiir strategic partners to PTovide services and activities with a focus on supporting the needs of residents and voluntary and community organisations. Page 2
DoGusign Envelope ID". 04128F90-9D744853-B575-53E335D4974B CVS Brent Report of the Trustees for the year ended 31 March 2025 Partnership working with fiinders, such as the National Lottery Community Flind (NLCFI, National Lottery Heritage Fund, Greater London Authority, Brent Coiincil's Brent Advice Fiinds. Co-ordinating the Thematic Lead Networks meetings with the strategic leaders. Core Services CVS Brent's services included". l ) Organisational development covering 18 areas of support, e.g., legal strnctllres, governance, ndraISing to more tha]i 180 organisations. 2) Netivorking and collaboration-. (li} Thematic Lead Networks. which work collaboratively within the sector in order to work in partnership with Brent Council to address priorities that will Tnake life better for local resident5, such as the Black Community Action Plan Steering Group, Environment Foruin {ii) Back to Health and 3ST to tackle health inequalities locally in Brent. 3) Building and supporting the voice and role of the voluntary and community sector for influencing local policy agendgs. e.g. VCSE Forum meeiings. 4) Polic}, and Partnerships.. Representation, advocacy and liaison; opportunities for VCS to connect and influence local polic),; amplifyiii¥ VCS voice," partnership workinu with local. re¥ional and national statiitory bodies, funder5. voluiitary and the private sector. One partnership example was to steer and support the development of the Asset for Brent's Community. partnership made up of local partners w'orking together 10 secure premises. 5) Grant Management and administration." CVS Brent managed the administration of Brent Advice Fund grants on behalf of Citizens Advice Brent and Brent Council. 6) To close the year 535 organisations participated in oiir roadshows held in partnership with Imperial College Health partners 7) As part of our sustsinability and support to the sector we have promot¢d the iinportgnce of investm¢nt in digital sector development, collaborative approaches to work and the importance of diversifying the VCSE income stream. Public benefit The piiblic benefits from CV8 Brent's %ervice% through the siipport we offer to new and existing VC%E organi%ations, which in ium supports local people. communities and the environment. CVS Brent contributes to the sustainability of VCSE organisations by providing vital infrastructure support services to the most vulnerable people living in the London borough of Bient. Page 3
DoGusign Envelope ID". 04128F90-9D744853-B575-53E335D4974B CVS Brent Report of the Trustees for the year ended 31 March 2025 STRATEGIC REPORT Achievements and performanee Thi5 past )ear ha5 been 01)e of the most challengin(T in recent meinoti. for CVS Brent. A5 Chair of Trustee5, 1 want to acknowledge candidly the pressiires the organisation has faced-both operationally and strategic8lly-as well as the resilience shown by our staff, volunieers, partners, and the wider voluntary and community sector in Brent. A Year of Tran5ltion and Challenge The organisation navigated a significant period of transition, including a change in leadership and the appointment of an interim CEO. Leadership changes, Nwhile somttimes necessary tts repositioi) an organisation, inevitabl>' bril)¥ uneertainty. For CVS Brent, this period required considerable focu5 on rebuilding relationships, restoring confidence across the se¢tor, and reaffirming our %trdtcgic direction. These changes occutred atsainst a backdrop of increasin(T demand across the voluntary and coininunity sector. As cost-of-living pressures continued to affect local residents and the organisatiot]s that support thein. CVS Bret]t foulld itself needing to deliver more guidance, more ¢apa¢ity-building support, gnd more c(bordination-g11 while managing its own internal restructures. De5Plte tliese pressures: the organisation remained Stable and continued to fulfil its core tll15sion. Staff and volunteers maintained service deliverv, strennthened key projects, and upheld our responsibilities to partners and nders. Their dedication during this un¢ertain period deserves substantial recognition. Evidence of Progresg and Community Impaet Even in the midst of organisational challenge. the year saw notable achievements.. Community impact projects such as Back to Health. We Wear Heritage, and the Brent Health Roadshows delivered taiiLFible beiiefits across Brent. Organisational support and training reached over 300 organisations, demonstrating both the need for and value of CVS Brent's role. Renewed and expanded funding strengthened the organisation's financial base. Digital transfomation ivork continued to enhance the sector's efficiency and cybei awareiiess. Green Shoots of Stabilit} and Renewal While the challen(Te5 of the year cantjot be understated, the Board is greatly encouraged by the early si5 of stabilisation now emerging. The appointment of our new CEO marks a turning poinL bringing renewed clarity, strategic focus, and a commitment to rebuildin¥ and stren¥thenin¥ partnerships acros5 Brent. Looking Fornard.. A More Stable and Ambitlous Future With new leadership in place, strengthened partnerships, and a more secure funding p05ltion, the Board 15 confident that CV% Brent is eniering a period of renewed stability and strategic opportunity. Conclus1011 Although the year has been one of difficulty and transition, it hgs also revealed the strength, adaptability, and commitment that define CVS Breni. With a new CEO, a more focused strategic trajeciory,, and the strong support of the local authority, we are beginning to see the green Shoots of a more Stable and confident future. Financial review Reserves policv CVS Brent aims to maintain its reserves in the following ways.. Maintaining at least three months operating costs in the event that the Organisation having to wind down due to a reduction in illCOTne or ndIn being withdrawi). Siifficient funds to ensure payment of redundancy to existing staff if required Page 4
DoGusign Envelope ID". 04128F90-9D744853-B575-53E335D4974B CVS Brent Report of the Trustees for the year ended 31 March 2025 STRATEGIC REPORT Financial and risk rnanagemeNt objective5 and policies The Trustees have a duly to identify and review the risks to which the Charity is exposed and to ensure that gppropriate controls are in place to provide reasonable assurance against fraud and error. The Trnstees oversee a risk manaueinent policy, which is undeTpinned by.. A Risk Register that is regularly reviewed b}. the Chief Executive and Treasurer. An annual review by the board of Trustees of the major risks which ihe Charity may have ro face in the following year. The t5tablishment of systems and proLedures for mitigating those risks and The implementation of appropriate actions to minimise the potential impact on the Charity should any of those risks materialise. The Risk Regisier includes both sirategic and operational risks. Examples of strategic risk are stability and security of funding stTeEuns, adequacy of casli flow, iinpact of the cost-of-living crisis on local residents across CVS Brent's activities, uncertainties in the external environment. Future plans Looking ahead, CVS Brent is ivell-positioned to continue building on these successes. The foundation laid during this period. pgrticularly the digital advancements, will serve as a springboard for futllre initiglives aimed at further strengthening the local voluntary sector. By continuing to adapt and innovate. CVS Brent will remain a vital resource for organisations in Brent, helping them to navigate challenges, seize opportunities. and make a lasting impact in the community. Furthem)ore, we will invest in capacity-building initiatives to strengthen our team's skills and capabilities. This will enable us to deliver high-quality serviceg and achieve our strategie objectives. In ¢on¢lusion, are proud of the progress we have made over the past year aiid are confideiit in our ability to navigat¢ the challenges ahead. We extend oiir gratitude to our dedicated team, partners, and supporters for their unwavering commitment and support. We look forw2rd to another success] J'ear. STRUCTURE, GOVERNANCE AND MANAGEMENT Gov¢rning document CVS Breni is a registered Charl and company limited by guarantee. CVS Brent has ensured effective gL)vernance IhrouJ(T out the year, following all provisions and procedures in its Memorandum and Articles of Association. Membership of CVS Breiit j5 open to local voluntary and coinmunity organi5ations, which meet the ciiteria for membership. Reeruitment and appointment of new trustees New trustees are provided with an induction pack and an update on the progress of the or£anisation. The induction pack includes a briefing on their obligations under charity and company law: the decision making processes within CVS Brent, the Business Plan and information relating to operational and financial management. There is also provision for a skills audit tor Trustees where training can be provided, when necessary. Undei. the Articles of Association, the Board of Trllstees appoint new tn]5tees who are required to Stand for election at the next Annual General Meeting. One third of the existing trustees are required to stand for re-election at the same meeting. Page 5
DoGusign Envelope ID". 04128F90-9D744853-B575-53E335D4974B CVS Brent Report of the Trustees for the year ended 31 March 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational Structure CVS Brent is governed by a voluntary Board of Trustees. The Board consists of 6 trustees. who are responsible for ensuring that the organisation fuifils its responsibilities in relation to both Chariiy and Company law. The Chief Executive. who oversees the strategic and operatioi)al management of the oiganisation. reports to the Chair of the Trustees. Stsff and contract team members.. Dean Loughran Ibrahim Ansari Kristine Wellington Marika Mason Steven Fahe Verona Ljnch Susan Cave Tessa Munro Patrica Wharton Carn]en Cameron Bybreen Samuels Sarah Oyadele Dunstanette Kuti Funders Macmillan ICB NW London City Bridge Trnst London Borough of Brent National Lottery Heritage Fund NHS England -Imperial College Health Pattners REFERENCE AND ADMINISTRATIVE DETAILS Registered Company nurnber 07835718 {England and Wales) Registered Charity nurnber 1147186 Registered office SEIDS Hub Empire Way Wembley Middlesex HA9 ORJ Trustees S M Kabir E Al-Ebadi N Hojte A Morris Treasurer {resigned 22.1.2025) C R Murray Chair Page 6
DoGusign Envelope ID". 04128F90-9D744853-B575-53E335D4974B CVS Brent Report of the Trustees for the year ended 31 March 2025 REFERENCE AND ADMINISTRATIVE DETAILS Independent Exafftiner Grant Harrod Lerman Davis LLP Chartered Accountants Second Flotsr, Kirkland House 11-15 PeteTborOil Road Harrow Middlesex HAI 2AX Report of the tr directors, on es incorporating a strategic report, approved by order of the board of trustees, as the company 2Y6120?6 . and signed on th¢ board's behalf by.. CMKJP BFJW5W)AFE4DD.. C R Murray - Trustee Page 7
DoGusign Envelope ID". 04128F90-9D744853-B575-53E335D4974B Independent Examiner's Report to the Trustees ol CVS Brent Independent examiner's report to the trustees of CVS Brent ('the Company,) I report to the charity trustees oil my examination of the account5 of the Company for the year ended 31 March 2025. Responsibilities and basis of report As the charity's irustees of the Company (and also itg directors for the purposes of company law) vou are responsible for the preparation of the accounts in accordance with the requirement5 of the Companie5 Act 2006 ('the 2006 Act,). Having satisfied m)'self that the accounts of the Company are not required 10 be gudited under Part 16 of the 2006 Aci and are eligible for independent examination, I report in respect of Iny examination of youi charity's accoui)ts as earried out iii)der Sectioi) 145 of the Charitie5 Act 2011 {'the 201 l Act,). In carryiiigF out my exatnination I have followed the Directions given by the Charity Commission linder Section 145(5) (b) of the 2011 Act. Independent examiner's statement Since y'oiir charity s gFross illCOTne exceeded £250,000 your examiner must be a member of a listed body. I can confimi that l am qiialificd to undertake the examination because l am a member of the Association of Chartered Certified Accountants, Ih]Ch is one of the listed bodies. I have completed iny exainination. I confirm that no matters have come to my attention in connection with the exgmination giving me cause to believe.. accounling records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or the account5 do not accord ii.ith those records; or the accounts do not comply M'ith the accounting requiTeinents of Section i96 of the 2006 Act other than any reqiiirement that the accounts give a true and fair view which is noi a matter considered gs part of gn independeni examination: or the accounts have not been prepared in accordance ivith Ihe meihods and principles of the Stateinent of Recommended Practice for accounting aiid reportin¥ by charities (applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the Ut( and Republic of Ireland {FRS 1021). I have no concems and have come across no other matters in connection with the examination to whith attention should be drai in this report in order to enable a proper understandingT of the accounts to be reached. 8bJn•dty. DtNJBCF0214FB . Jeremy Harrod FCCA Grant Harrod Lerman Davis LLP Chartered Accountants Second Floor, Kirkland House 11-15 PeteTborough Road Harrow Middlesex HAI 2AX 21612026 Date.. Page 8
DoGusign Envelope ID". 04128F90-9D744853-B575-53E335D4974B CVS Brent Statement of Finaneial Activitie5 for the year ended 31 March 2025 2025 Total funds 2024 Totsl funds Unrestricted fund Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 24,675 24,675 34.702 Charitable activitie5 Capacity building 52,451 259,944 312,395 289.638 Total 77,126 259,944 337.070 324,i40 EXPENDITURE ON Charitable activities Capacity building 116,6i7 359.698 476.Ji5 414,164 r4ET INCOMEI(EXPENDITURE) (39.511) (99.754) (139.265} {89,824) RECONCILIATION OF FUNDS Total lunds brought fon*ard 27.55.5 217.742 245.297 3i5,121 TOTAL FUNDS CARRIED FORWARD (11.956) 117.988 106.Oi2 245,297 The notes fom) part of these financial statements Page 9
DoGusign Envelope ID". 04128F90-9D744853-B575-53E335D4974B CVS Brent Balance Sheet 31 Mareh 2025 2025 Total funds 2024 Totsl funds Unrestricted fund Restricted funds Notes FIXED ASSETS Tangible assets 2,727 2,727 4.617 CURRENT ASSETS Debtors Cash at bank 10 7,082 24,217 101,105 16,883 108.187 41.100 173.739 159,920 31,299 117,988 149.287 33i,659 CREDITORS Amounts falling due within one year (45,982) 145.982) {92,979) NET CURRENT ASSETSI{LIABILITIES} (14,68i) 117,988 103.305 240,680 TOTAL ASSETS LESS CURRENT LIABILITIES (11,956) 117,988 106,032 245.297 IYET ASSETS (11,956) 117,988 106,032 245.297 FUNDS Unrcstricted fiinds Restricted funds 12 (11,956) 117,988 27,555 217,742 TOTAL FUNDS 106,032 245,297 The charitable company is entitled to extmptiotj from audit uiider Section 477 of the Companies Act 2006 for the year ended 31 Marcli 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006. The trnstees acknowled(Te their responsibilities for (a} ensuring that the charitable company keeps accounting records thai comply with Sections 386 and 387 of the Companies Aet 2006 and preparing financial 5tatement5 which bjive a ti'ue and fair view of the State of affair5 of the charitable company as at thc cnd of cach financial year and of its surplus or deficit for each fjnancial year in accordance ivith th¢ requirements of Sections 394 and 395 and which othenvise comply with the requirements of Ihe Companies Aci 2006 relating tLI financial siatements. so far as applicable to the charitable company. (b} The financial statements were appToved by the Board of Trustees and authorised for issue on ..2./.f/.202fj.... and were signcd on its behalf by.. Swby.. C R Murray- Trusiee The notes fom) part of these financial statements Page 10
DoGusign Envelope ID". 04128F90-9D744853-B575-53E335D4974B CVS Brent Cash Flow Statement for the year ended 31 March 2025 2025 2024 Notes Cash flows from operating activities Cash generated from operations 1118,8201 127,499 Net tash {used in}/pn)vided by operating activities 1118,8?01 127,499 Change in eash and Cash equivalents in the reporting period Cash and cash equivalents ut the beginning of the reporting period (118,8201 127,499 159.920 32.421 Cash and cash equii'alents at the end of the reporting period 41.100 159.920 The notes fonn part of these financial statements Pagell
DoGusign Envelope ID". 04128F90-9D744853-B575-53E335D4974B CVS Brent Notes to the Cash Flow Statement for the year ended 31 March 2025 RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES 2025 2024 Nct expenditure for the reporting period (as per the Statement of Financial ActiTr'ities) Adjustments for.. Depreciatioii charges Decrea%e in dcbtors {Decrease)lincrease in creditors (139,265) 189,824) 1,890 65.552 {46.997) 1,890 166,i38 49.095 Net cash (used iTh)Iprovided by operations 1118,820) 127,499 ANALYSIS OF CHANGES IN NET FVNDS At 1.4.24 Cash flow At il.i.25 Net cash Cash at bank 159,920 1118,8201 41,100 159,920 1118,820) 41,100 Ttstsl 159,920 1118,8201 41,100 The notes fonn part of these financial stateinents Page 12
DoGusign Envelope ID". 04128F90-9D744853-B575-53E335D4974B CVS Brent Note5 to the Financial Statements for the year ended 31 March 2025 ACCOUNTING POLICIES Basis of preparing the financial staternellts The financial statements of the charitable company, which is g public benefit entiry under FRS 102, have been prepared in accordance ivith the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Staiement of Recommended Practice applicable tts charities preparing their accounts in accordance with the Financial Reportii)u Standard applicable in the UK and Republic of Ireland IFRS 102) (effective l January 20191,, Financial Reporting Standard 102 'The Financial Reporting Staiidard applicablc in Ihe UK and Rcpublic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statemeni Lif Financial Activities once ihe charit}, has entitlement to ihe funds, it probable that the inLome ivill be received and the ount Lan be inea5uied reliably. Expenditure Liabiliiieg are recognised as expenditure as stn as There is a legal or constructive obligation committing the charity to that expenditure, it 15 probable tliat a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accoiinted for on an accrllals basis and has been classified linder headings that aggregate all Cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible fiAed assets Depreciatitsn is provided at the following annual rates in order to write off each asset over its estimated useful Compuier equipment 25010 on cost Taxation The charity. is exempt from Corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in a¢¢ordance with the charitable objectives at the discretion of the trustees. Restricted fund5 can only be used for particular restricted purposes Wlthin the objects of the charity. Restrictions arise when specified b}. the donor or when ndS are raised for particular restricted PUTposes. Further explanation Lifthe nature and purpose of each fund is included in the notes to the financial statements. Pension eost5 and other post-retirernent benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the chariiable company's pension scheme are charged io the Statement of Financial Activities in the period ro which they relate. DONATIOIYS AND LEGACIES 2025 2024 Other projectg 24,675 34,702 Page 13 continued...
DoGusign Envelope ID". 04128F90-9D744853-B575-53E335D4974B CVS Brent Notes to the Financial Staternent5- Colltinlled for the year ended 31 March 2025 INCOME FROM CHARITABLE ACTIVITIES 2025 2024 Activity Capacity building Grants 312,i95 289,638 Grants received, included in the above, are as follows.. 2025 2024 City of London REND LBB Capacit>. Building Asset5 for Brent cotninunity Macmillan ¢an¢er siipport NLHF National Lottery Heritage Groundivork Emergency Partners 47.200 14,000 96,i12 194.500 4,950 12.609 22.617 8,318 4,500 19.312 81.425 12,477 270.726 277.494 CHARITABLE ACTIVITIES COSTS Direct Costs Capacity. building 476,i35 NET INCOMEI{EXPENDITURE} Net incomel(expenditure} is stared after charginglcrediting).. 2025 2024 DepreciatiL)n- owned assets 1.890 1.890 TRVSTEES, REMUNERATION AND BENEFITS There were no trustee5' reinunei'ation or other benefits for the year ended i l March 2025 nor for the year ended 31 March 2024. Trustees expeThses There were no trustees. expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. Page 14 continued...
DoGusign Envelope ID". 04128F90-9D744853-B575-53E335D4974B CVS Brent Notes to the Financial Staternent5- Colltinlled for the year ended 31 March 2025 STAFF COSTS 2025 2024 Wages and salarie5 Other pension costs 107,619 2,049 105,783 2,299 109,668 108,082 The average monthly number of employees during the year was as follows.. 2025 2024 Direct staff No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restricted fuiids Total nds INCOME AND ENDOWMENTS FROM Donaiiong and legacies 34.702 i4,702 Charitable activities Capacity building 24.962 264,676 289,638 Total 59,664 264.676 324.340 EXPENDITURE ON Ch#rituble activities Capacity buildiiig 68,675 345,489 414,164 NET INCOMEI(EXPENDITURE} Transfers between funds {9.011) {2,785} 180,813) 2,785 {89,824) Net movement in funds 111,796} 178,0281 (89.824) RECONCILIATION OF FUNDS rotal funds brought forwaTd 39,351 295,770 335,121 TOTAL FUNDS CARRIED FORWARD 27,555 217,742 245,297 Page 15 continued...
DoGusign Envelope ID". 04128F90-9D744853-B575-53E335D4974B CVS Brent Notes to the Financial Staternent5- Colltinlled for the year ended 31 March 2025 TANGIBLE FIXED ASSETS Plant and machinery Computer equipment Totals COST At l April 2024 aiid 31 March 2025 5,214 12,925 18,li9 DEPRF.CIATION At l April 2024 Charge for year 5.214 8.308 1,890 13,522 1,890 At 31 March 2025 5,214 10,198 15,412 NET BOOK VALUE At 31 March 2025 2.727 2.727 At 31 March 2024 4,617 4,617 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade debtors Prepa}'menrs and accrued income 75.037 33.150 161,596 12,143 108,187 17i,7i9 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade creditors Social seciii'ity and other taxes Otlier creditors AC¢n[S and deferred income 72,647 9,5i2 73 1,894 10,800 10,800 45,982 92,979 Page 16 continued...
DoGusign Envelope ID". 04128F90-9D744853-B575-53E335D4974B CVS Brent Notes to the Financial Staternent5- Colltinlled for the year ended 31 March 2025 12. MOVEMEiNT IN FUNDS Net moven)ent in fund5 At 31.3.25 At 1.4.24 Unrestricted funds General nd 27,555 (39,511) (11,956) Restricted funds BCAN City Bridge Trust London Borough of Brent- BCAP B2H ICS - Back to Health NHS Enuland ICS-REND NLHF National Lottery Heritage Fund-we Wear Heritage 17,668 7,705 17,478 99,001 17,i14 (17.668) 18,i63 (17,478) (22,342) (2,053) 26,068 76,659 15,261 58.576 (58,576) 217,742 (99,754) 117,988 TOTAL FUNDS 245.297 {139,265) 106,032 Net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 77.126 {116,637) (39,511) Rutricted funds Capacity Building (London Borough of Brent) BCAN City" Bridge Trust London Borough of Brent- BCAP B2H ICS - Back to Health NHS Enuland ICS-REND NLHF National Lottery Heritage Fund-we Wear Heritage 96,i12 (96.i12) (17,668) (28,837) {17,478) (22,342) (16,053) (17,668) 18,)63 {17,478) (22,J42) (2,053) 47,200 14,000 102.432 {161.008) (58.576) 259,944 {359:698) (99,754) TOTAL FUNDS 337.070 {476,335) {139,265) Page 17 continued...
DoGusign Envelope ID". 04128F90-9D744853-B575-53E335D4974B CVS Brent Notes to the Financial Staternent5- Colltinlled for the year ended 31 March 2025 12. MOVEMEiNT IN FUNDS- continued Comparatives for Moveent in funds Net movement in funds Transfers between funds At 31.3.24 At 1.4.23 Unrestricted funds General fui)d i9,i51 (9,0111 (2,785) 27,555 Restricted funds LBB CapaLit>' Building BCAN City" Bridge Trust National Lottery Community Fund London Borough of Brent- BCAP B2H ICS - Back to Health NHS England ICS-REND NLHF National Lottery Heritsge Fund-we Wear Heritage Mutiial Aid Roadshows 74 17,806 19,048 (741 {li8) {11:343) (1.208) 17,668 7,705 1.208 17,478 145,413 10,951 17,478 99,001 17,i14 {46,4121 6,363 8.5,000 {26,4241 58,576 (1,546) 1,546 295.770 {80.813) 2,785 217,742 TOTAL FUNDS 335.121 {89,824) 245,297 Comparative net movernent in fvnds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 59.6fv1 {68.675) (9.011) R¢stri£l¢d funds LBB Capacity Building BCAN City. Bridge Trust National Lottery Community Fund B2H ICS - Back to Health NHS England ICS-REND NLHF National Lottery Heritage Fund-we Wear Hei'itagFe Mutual Aid Roadshows Assets for bi'eni communitv Macmillan Cancer Support 194.500 {194.574) (138) (11:i43) (1,208) (46,412) (23,637) (74) (138) (11:i43) (1,208) (46,412) 6,36? 30.000 22,617 (49,041) (26,424) (1.546) (4,950) (12.609) (1,546) 4,950 12,609 264.676 1345,489) {80,813) TOTAL FUNDS 324,340 {414,164) (89,824) Capacity BuildingGeneral Fund (LBB) Page 18 continued...
DoGusign Envelope ID". 04128F90-9D744853-B575-53E335D4974B CVS Brent Notes to the Financial Staternent5- Colltinlled for the year ended 31 March 2025 12. MOVEMEiNT IN FUNDS- continued The purpose of this fund is our general capacit>, building service for local VCSE organisations, including document checking, advice, traiiiin17 and sector Specific infoTmation provision. Brent Advice Partnership (BAP Groups) Tlie puryose of this fund is to provide IT administration (helpdesk aiid websites) for the wider advice partnership of local VCS advice agencies and administrdtion of the Brent Advice Fund grants. London Borough of Brent- Capacit}. Building IVSIF) The puryose of thi5 fund is to provide gFranttnaking investment local VCS advice agencies to improve advice qualit), and provision. 13. RELATED PARTY DISCLOSURES There were nLI related party transactions for the year ended 31 March 2025. Page 19