REGISTERED CHARITY hNUMBER: 1165759 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR HAVERING VOLUNTEER CENTRE Clemence Hoar Cummlngs Chartered AEcountant5 Rlverslde Ptouse 1-5 Como Street Romford Essex RN? 7DN
HAVERXNG VOLUNTEER CENYFtE CONYENTS OF THE FINANCEAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Report of the Trustees I to 5 Independent Examinar's Report ststement of Flnancial Activities Balance Sheet Notes to tha Flnancial Statemants 9 to 16 Detalled Statement of Flnancial Artivitie$ 17
FIAVERING VOLUNTEER CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Tlie Trustees present their report with the financial statement5 of the charity for the year ended 31st Marcli 2024. The Trustees have adopted the provisions of Accounting and Reportlng bv Charltles: Statement of Recommended Practice applicable to charltles preparin9 their accounts in accordance viith the Financial Reportlng Ctandurd applicable in the UK and Republic of Ireland IFRS 102) (effective I January 2015). OBJECTIVES AND ACTThIITEES Objectives and alms Our vision 15 to enable posltlve change to lives and comniunities thi-ough volunteering. Havering Volunte@r Centre offer è person centred, bespoke and hollstlc service to Indivlduals seeklng volunteering opportunilSe5. We understand Ihat a 'one size fits all approach, does not work and that Individuals are just th3t,' individuals. Our role Is to empower those seeking new opportunities to embrnce the journey they are on, see beyond the potential they thinl< they have and remove any perceived barrlers preventlng them from achleving their aspiratlons. Our misslon Is to create and support a broad spectrum of volunteering opporlunldes we will do this by supportlng organlsations to develop thelr roles and inci-ease volunteering within thelr organlsations, We have already Identlfied the need to support the Voluntary Sector in Haverlng to provlde more scope for younger people to voluT)teer. Our alms are to.. Malntaln the 5 core nCtionS of HVC In line with our quality standards Advlse and support our VCS partners to enable the strengthenlng of our sector Gulde and Inform those wlshlng to volunkeer to seek theSr aspirations Enhancè HVC to become an easily accessible organlsation strive to provide Impactful volunteerlng opportunltles For HVC to dellver on St5 vlsion, mlsslon and aims as a collectlve we believe In the followlng set of strateglc obiectlves: Sustalnability trIVC wlll ensure the foundations of our charlty are resilient, diversely funded and appropriately structured to enable us to adopt the Communlty Actlon Network Frbtnework to enable the sector to also become sustalnable. Growth HVC needs to contlnue to grow to enable us to be responsive and supportive to both communlty and seclor needs. HVC will ensure that the organlsaLion remains relevant, up to date on policies. procedures and changes that affect the VCS and those accessino volunteerlng. Development HVC knows that to stay current and ahead of the trend, we need to constantly develop our approach and the services provlded lo enable HVC to remaln as the go to organlsatlon and an integral part of Haverln9 Voluntary Sector. Page I
HAVERXNG VOLUNTEER CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 OBJECTIVES AND ACTIVITIES Signlflcant 2ttlvities VC is the oTrly lIcÈnd Volunteer Cenlre operating In Haverlng and wrirks wlthln the recognlsed Quality Accredil'ation Scheme op8rat@d by the National Council for Voluniary Or<Jaiilsations INCVOI, who are the national body sor Volunteer Centres, with HVC atiainirig accreditBtion status. HVC recognlses the Importènce of oblaining accredltatlons and wlll contlnue Lo strlve lo achieve these recognised slandards nd maliitaln its excellent standlng in the voluntary sector. HVC champlons the voluntary seclor and volunteerin9 by connecling representing and supportin9 voluntary organlsatlons. Our servlces include trainingi consultancyi information, resources and toolklts on governance, campèigningh Strategyi Impact and volunteer i-ecrultment and retentlL)n. HVC aims to support and encourage volunteerlng. promotlng equallty of access to volunteer opportunltles for oll In Havering, HVC works In collaboration with organisatloiis to develop volunteerlng opportunStles, ensuring high standards in volunteer manageiiient, and strengthening tlie voluntary 5ecEor In HaVen9. HVC will never undèrestlmate the importante or power of volunteerlng in the community and strlves to change the perceptlon and uNderstaT)ding of wl7at It means to be a volunteer In the London Borough of Haverlng. HVC is dÈtÈrmlned that the servlces they undertake strengthens the Voluntary Sèctor in Havering and aims to support all voluntary and community groups to achieve their delivery of service ljy engaglng the rlght volunteers, to enable sustalnabillty and con51stency (Jf servlce dellvery that beneflts the communlty. The 5 core furctlons of the Volunteer Centre: strategic Development Df VolunteerSng Through the activity of Haverlng Volunteer Centre's partnershlp and engagement wlth local networks and declslon makers to creale a posltlva envlronment In whlch volunteering can flourish wlthin the bomuoh. Developing Volunteerlnu Opportunlties For Havering Volunteer Centre, In partnershlp with local organis3tlon5, to develop activlty to inc.rease and improve the quantityi quality and divei'slty of volunteering locally by understandlng local need and Identlfylng any gaps In respect of groups that are under-represented in the borough. Brokerage Havering Volunteer Centre strlves to better inform the general publlc and all sectors about havlng access to an effectlve and e.fflcient brokerage service L)y tailoring our servlce to reach taryeted audlences, makino It easlly èccesslble for all. Good Practice Development The aim of Havering Volunteer Centre Is to Improve or attaln posltlve conslstency aosS all sectors who Involve or provlde voluniears In their volunteei.lng programmes. Havering Volunteèr CenLre will ensiJi that the value of Volunteer Management Is understood and work to Improve the wav organlsatlons manage volunteers and volunteerlng progratnmes. Volce of Voluntoariiig Tlirough its activities, Haveriiig Volunteer Centre Increases the awareness of thè issues Impactin on volunteerlng by breaking down perceived barrlers between the Indivldual wishing to volunteer and the organlsatlons involving volunteer5, Page 2
HAVERING VOLUNTEER CENFRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 ACFiiEVEMEnli ANO PERFORMANCE Charitable a¢tlvitles During 2023124, HVC have reglstered 1,101 indlvlduals Interested In volunteering. Cave Calls ancl Resldent Suppoyt HVC'S voluiiteers this year have placed 656 hours of care calls, each call buddy volunteei- is prov1d19 a hlgh level of suppori from HVC and from this there have been many other areas of support Identiried. Due to HVC providing one of the only free telephone befrlending service5 in Hoverirsg that ig open to all, it has proved Incredlbly popu13r. Predomlnèntly, the service is in hTrgh demand amongst Social Prescrlbers and NHS servic@s that refer their patients to HVC to reduce social Isolation ancj lonellness. Thls year we have hèd to on.board a volunteer to facllitète the Service fron) our offices. Tlils person undertakes 4 hout5 a week volunteerlng dedicated to the Check In and Chat servlce, Followlng a referrèl from a GP social Prescriber, one resident our volunteei- was calling had felt incredlbly low in mood, despite having a busy social life and family vislting. They had recently experlenced an Injury whlch had left them wlth deb1l5tan9 pain, whlch made everyd3y Ilfe unbearable. OLtr volunteer placed weekly calls to the residenl, who really jusl wènted to express how they were feelingi whlth is something they felt they couldn't burden their famTrly with. Our volunteer spent time Ilstenlng to the person and empathlslng wlth thelr sltuatlon, after a number of weeks, an DperatSon and recovery perlod, the resldent was finally starlSng to feel better in mood. They thanked HVC and the volunteer for the countless hours of calls and check in to make sure they were managing wlth their feellngs, they reporLed; hèd they nol reiVed the weekly calls to Just ask "how are you? they are not SLtre where they would be. The resident is now feeling much better in themselves and the calls HVC are maklng to them have reduced significantly, hL)wever, the resident also knows we are there any tlme they feel they need us. This service is a vltal lifeline for many resldents and Is evidence that it doesn't matter your agé, clrcumstances or how actlve your Ilfestyle, lonellness and Isolatlon knows no preJudlcÈ. Foodbank Vouchers As an addltional unfunded support, HVC offers the borough the Issue of foodbank vouchers. We currently support resldents all over the borough, provSdlng emergency food vouchers for all 3 foodbanks. During 2022123 annual reporl HVC issued 790 foodbank votjchers. Astonlshlnglyl during thls year's annual reporting perlod 2023124 HVC has Issued a staggering 846 foodbank vouchers. Importantly HVC'S support Just doesn't start and end there, HVC always trles to ascertain the route causellssue they are faclng and what addltlonal support may be required. Through our due d111gen processes we have been able to Identlfy a number of residents who are becomlng frequent flyers using foodbanks and some that are uslng multlple names at the same address to obtaln more than the permltted quota. HVC have formed a strong relallonshlp with the Foodbanks and have been able to work In synenjy to Identlfy those that need greater support and those who are potentially taklng advantage of klndness and generosity. We are predicting an Increased need for 2024125 as school hollday meal offerlngs reduce and Increasing fuel bllls hlt resldents. Volunteèr Placemfynts HVC have successfully referrÈd 1,630 volunteers to reglstered opportvnitie5 durlng 2023124 Imanv volunteers taking on more than onÈ voluntÈering opporturLSty). Slnce January 2016 to March 2024 Haver5ng Volunteer Centre have placed almost 10,000 volunteers Into volunteerlngi a staggerlng 13,983 acts of volunteerlng Into Haverlngl whlch equates to a astounding cost avoidance of £66. Itnllllon, purely vla the achlevements of Havering Volunteer Centre. Remarkably, as a direct result of volunteerlngl 502 indivlduals have progressed Into paid employment. They mentloned that volunteering played a plvotsl role for them In securlno pald employment as they 9alned confSdence, new skills, training and self-esteem. Witliout their volunteerlng Journey they are confldent thls could not have been achleved, Page 3
HAVERING VOLUNTEER CEN IRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 if each of those 502 in(Slvlduals who secured employment earnt an average salary of £15,OOOpa. Thls would equ¢ile to £7.53 Mllllon belng brought Into the economy of Haverln9 just by securlng volunteering that led to employment, via Haverlng Volunteer Centre, not Forgel'llng the potentlal reduction In receipt of out of work benefiis. FINANCXAL REVlkW Pi'incipal funding 6L¥urcÈ$ The finènclal results for the year are set oul in the atlaclied accoJi nts. Tliey show a surplus 01 £9,571 for the year, compared with a deficit of E32,986 for the year ended 31 March 2023. The total reserves èr 31 Marcli 2024 were £212,361 compared wlth £202,790 at 3 1 March 2023. This includes £45,531 held within restrlcted IEserves {2023'. £15,857). Total expenditure durlng the year was £169,765, compared with total expendlture of £170,032 (Jurlng the year ended 31 March 2023. Resepves policv HVC reserves pollcy Is to cary slx months normal expendlture, plus statutory penslon and redundancy costs for all staff. The latter Item is revSewed every year and ensures TrLtstees can balance thelr responsibllities to both employee5 and 9eneral creditors. These reserve5 are held In accessible form and do not rely on compllcated release processes. srRUCTURE, GOVERNANCE AND MANAGEMENT Governing document Th& Organisation 55 a Chhrltable Incorporal'ed Organlsatlon (CIOI formed on 1st October 2015 and reglstered as a Charlty on 22nd February 2016. The Charlty wa5 formed under a CIO whlch established the objectsves and powers of the tharitable organtsaESon and Is govemed under those terms. Recruitment and appointmettt of new trustees The process for appolntment of the Charlty's Trustees Is set out In the CIO governing document. The mlnimum number of Trustees 15 three, with no maxlmum, howevèr It was decided under these terms that a manageable numbÈr wuuld not exceed twelve Trustees. One third of the Trustees must retlre (but may stand for re-election) each year, Trustees arè appolnted annually. Trustees may only hold the same Honorary Offlce role for a maxlmum of live years. The Board of Trustees MJY appolnt any person willing and fit to act as a Trustee, subject Lo the pIDvislons of the CIO governlng document. Appolntments Bre usually, but not excluslvelyi made at the Annual Gèneral Meeting. The Charity conducts regular skills, experlence and (fiverslty audlts of Trustees. These audlts Identify gaps In skills or under-representation of particular groups or communitie5 and are fundamental to thè recrLtltment process. All potentlal Trustees Inltially meet wlth elther a member of the existlng Board of Trustees andl or Chlef Executive officer. If thls meetlng Is deemed successful at thls Informal Interview, appllcant5 are Invlted to obseNe a Board Meetlng and n)eet the remaining Trustees. If all partles agree to proceed, the applicant Is elther co-opted or nomlnated for electlon at the AGM. Organlsational stru¢ture Havering Voluntaer Centre has a Board of Trustees whlch endeavour to meèt bl-monthly ensuring the organlsatlon Is fLJnctlonlng adequately. The Board Is responsible for the strategic direction and policies of the HVC. HVC'S Chlef Executive OffiTrr holds the posltlon of Ex-officio but has no votlng rights. As of the 31st March 2024, there were 6 Trustees who provide expertise on the voluntary sector, as well as personal and professional skills and experlence relevant to the work of the oroanlsatlon. ResponsibllFty for operatlonal Issues Iles with Shelley Hart, Chlef Executlve Officer, who is supported by a team of 5laff and volunteer support. The Chief Executive is responslble for ensurlng that HVC dellvers services to meet targets and Quality standards. Page 4
HAVERING VOLUN IEER CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT InductS0# and t¥alning of new trustees Trustee5 are provided with a cleai- role descrlptlon, outlining their statutory and addltlonal responsibilities, On joining tlie Board, Trustees bre 1ntmduced to other Board members and to paid SL6ff and iiolunteeTr.. Theii v111 participate in an inductioii and ère expecled lo attend tralnino to fulfil their I'ole and resporigibilities to HVC throughout tliebr term of office. Tru*tees are encouraged to familiarise their1<elves wlth HVC'S pollcies and procedures, the Business Plaft, Fundlng Strategyi Budget and our CIO documentation. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1165759 Printlpal address Community Reach House 32-34 Tlie Hlgh Street Romford Essex RMI IHR Trustees Ms Sue Glll Treasurer Mrs Debra Branch Mr Nlgel Meyer- Vlce chalr Mr Jim Cantle Ms Lucle Vern-sanso Chair (appointed l.1.24} Ms Teresa Parlsh (appointed 11712023) Independant Examlner Clemence Hoar CuTnfrslng5 Chartered Accountants Rlverslde House 1-5 Como Street Romford Essex RM7 7DN Approved by order of the board of tNstee5 or) 21 January 2025 and slgned on Its behalf by.. is Lucle Vero-sanso - Trustee Page 5
XNOEPENDENT EXAMINER'S REPORT TO ITrlE I RUSTEES OF HAVERXNG VOLUNTEER CENTRE Independent examiner's report to the trustees of Havering Volunteer Centre L report to the charity trustees on my éxamln3tlon of the accounts of Hèvering Volunteer Centre (the Trust) for the year ended 31 March 2024. Responsibilities Dnd ba$ls of report As the charlty trustees of the Trust you are responslble for the preparatlon of the accounts In accordartce with the requirements of the CharlLles Act 2011 ('the Act'l. I report In respeci of my examinatlon of the TrL)St's accounts carrled out under Section 145 of ihe Act and In carryiiig out my examinatitsn I have followed all applicable Directions glven by the Charlty Commlss1on under Sectlon 145(51(b) of the Act. Xndependent examlner's statemellt I have completed my examinatlon. I conflrm that no material matters liave come to my altentlon In connectlon wlth the examlnatiori 9iving me cause to belleve that In any material respect.. ccountlng records were not kept In respect of the Trust as requlred by Settlon 130 of the Act; or the accounts do not accord with those record.%' or the accounts do not comply wlth the appllcable requirements concernlng the form and conLenL of accounts sel out It) the Charlties (Accounts and Reports) Regulatlon5 2008 other than any requirement tl)8t the accounts gSv@ a true and f3ir vlew whlch is not a matter considered as part of an independent examlnatlon. I have no concerns and have come acros5 no other matters in connectlon with the examinatlon to whlch attention should be drawn In thls report In order to enable a propèr understandlng of the accoufSL's to be reached. Lee Blunden FCCA CTA Clemence Hoar Cummlngs Chartered Accountants Rlverside House 1-5 Como Street Romford Essex RM7 7DN 21 January 2025 Pa9e 6
HAVEB_ING VOLUN I EER CENTRE STATEMENT OF FibNANCIAL ACTIVIYIES FOR THE YEAR ENDED 31 MARCH 2024 2024 Total fund$ 2023 Total runds Unrestrlcted fund5 Restrlcled furbds Notes INCOME AND ENDOWMENTS FROM Chai'ltablo £lCiiVities ore activitiÈs 79,221 57,564 136,785 97,561 other tradlng actlvlties Investment income othe5. income 21,049 20,085 1,417 21,049 20,085 1,417 7,223 32,262 Totsl 121,772 57,564 179,336 137,046 EXPENDITURE ON Charltable octlvitles Core activities 141,875 27,890 169,765 170,032 NET INCOME/(EXPENDITURE) (20,103) 29,674 9,571 {32,986) RECONCILIATION OF FUNDS Total funds brought forward 186,933 15,857 202,790 235,776 TOTAL FUNDS CARRIED FORWARD 166,830 45,531 212,361 202,790 The notes form part of these flnanclal statements Page 7
HAVERXNG VOLIJNTEER CEN'fRE 8ALANCE SHEET 31 MARCH 2024 2024 Total funds 2023 Total funds Unresldcted Restricted fund5 funds Notes FIXED ASSETS Tangible asset5 1,688 1,688 2,251 CURRENT ASSETS Debtors Cash at bank and In hand 5,475 162,989 5,475 208,520 3,795 199,881 45,531 168,464 45,531 2x3,995 203,676 CREDITORS Amounts falling due wSthln one year io {3,322) (3,322) 13,1371 NET CURRENT ASSETS 165,142 45,531 210,673 200,539 TOTAL ASSETS LESS CURRENT LXABILITIES 166,830 45,531 212,361 202,790 NET ASSETS 166,830 45,531 212,361 202,790 FUNDS Unrestricted funds Restricted fvnds li 166,830 45,531 186,933 15,857 TOTAL FUNDS 212,361 202,790 The flnanelal statements were approved by the Board of. Trustees and aLtthod5ed for issue on 21 January 2025 and were slgned on its behalf by.. Ms Lucle Vera-5anso - Trustee The notes form part of these flnanclal statements Page 8
HAVERXNG VOLIJNTEER CEW IRE NOTES TO THE FINANCIAL STATEMENYS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICXES Basis of preparing the flnanclal statem¥nts The financial statement's of the chariLy, which Is a public beneflt entity under FRS 102, have been prepared In accordance wlth the Charities SORP (FRS 102) 'AccountlR9 and Reportlng by Charitie5'. statemenl of Recommended Practice appllcable to charities pr@parliig the5r accounts in accordance witli the Fintncial Reporting Standai'd applicable in the UK and Republlc of ireland (FRS 1021 leffectlve l January 2019),, Financial Reportlng Standard 102 'The Flnancial Reporting Standard applicabl8 In the UK and Republlc of Ireland, and the charitles Act 2011. The flnancial statements have been prepared under the historical cost conventlon. Income All Income 15 recognised In the Statement of Financial Actlvltles C?n the charlty has entitlement to the fund5. It is probable that the income wlll be recelved Jnd the amount can be measurèd reliably. The followlng speclflc pollcles are applled to particular categorles of Income= Voluntary Income Is CeIved by way of grants, donations and gifts and is Included in full in the ststement of financlal activitles when re[vable. Grants, where entltlement Is not condltlonal on the delivery of a speciflc performance by the charilyi are recognised when the Charity becomes uncondltlonally entltled to the grant, Donated servlce5 ènd facilitiès are Included at the valuè to the charity where thls can be quantifled. The value of Serv15 provlded by volunteers has not been included in these accounts. Investment Intome and fundralslng proceeds a Included when recelvable. Incoming resources from graiit5, where related to performance An(J specific dellverables, are accounted for as the Charity earns the right to consideratlon by its performance. Fees are Induded when the charity has a rlght to income by way of performance of serVIS, Expenditura LlabS1ities zre recognised as expenditure as soon as there Ss a legal or constructive obllgatlon commlLtlng the charlly to that expendlture. It Is probable that a transfer of èctsnDmlc benefits wlll be requlred In settlemÈnt and the amount of the obllgation can be Ineasured rellably. Expenditure is accounted ft>r on an accruals basis and has been classlfied undèr headings that aggregate all cost related to the category. Where costs cannot be dlrectly attrlbuted to partlcular headlngs they have been allocated to actlvitles on a basls consisteiit with the use of reSoUrs. Tangible fixed assets Depreclatlon Is provldèd at the followlng annual rates In order to write off each asset over its estlmated useful Ilfe. Computer equlpment 25Wo on reduclng balance faxation The charlly Is exempt from tax on Its chadtable actlvltles. Fund accountlnu Unre5LrlELed funds can be used in accordance wlth the d)aritable objectlve5 at the discretlon of the trustees, Restricted funds can only be used for parttcular restrlcted purposes wlthln the object5 Df the charity. Restrictlons arise when specified by the donor or when fund5 are raised for partlcular resLrlcteé purposes. Further explanatlon of the nature and purpose of each fund Is Included in the notes to the ftnancial slatements. Page 9 contlnued...
HAVERING VOLiINI EER CtNTRtt NOTES TO THE FINAIVCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCFI 2024 ACCOUNTING POLICIES- eontinued Peiision costs ai)d other post-ietlvemant beTreflts The chèrlty operates a defined contribution peiislon scheme. Contributlons payable to the charfty's penslon scheme are charged to the Statement of FlnBnclal Activities in the perlod to which they relète. OTHER I RADINC7 ACYXVXlI ES 2024 2023 Fundraising events 21,049 7,223 INVESTMENT INCOMP 2024 2023 Rents received Deposlt account interest 19,983 102 32.19 72 20,085 32,262 ENCOME FROM CHARfTABLE ACTIVITIES . 2024 2023 Activlty Core activltles Grants 136,785 97,561 Grants reIved, Included In the above, are as follows.. 2024 2023 London Borough of Haver¢ng Core Fundlng Greater London Clarlon Futures London Borough of Haverlng Other LBH Climate Champion B&Q Nelghbourly Fund The Communlty Chest Mayor's Weekend Asda foundallon London Plus, Communlty ReSIllen Fund Essex Community Fund Royal Hort Soclety HBBS AGFH Project Natural England 56,272 26,000 10,000 15,762 56,272 10,000 9,462 11,197 5,000 4,630 1,000 1,450 9,957 3,000 3,500 5,845 4.999 136,785 97,561 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other beneflLs for Ihe year erlded 31 March 2024 nor for the year ended 31 Mah 2023. Tru5tees' expen$e$ There were no truslees, expense5 pald for the year ended 31 March 2024 nor for the year ended 31 March 2023. l)agÈ 10 continued...
HAVERING VOLUNTEER CENTRE NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2024 STAFF COSTS The average monthly number of employee5 duFing the year was as follows.. 2024 2023 Personnel No employees recelved emoluments In excess of £60,000. Key Management Persohnel The key managernent personnel of the charity in charge of dlrecting and controlllng, runnlng and operatlng the charlty on 3 day to day basis comprise the Trustees, the Chlef Executlve Offlcer ènd the Cèntre Operations Manager . The total remuneratlon of the key managèment personnel ft)r the year was £87,129 {2023: £78,Ct971. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - 31ST MARCH 2023 Unrestrfcted Restrlcted Total funds funds funds INCOME AND ENDOWMENT5 FROM Charitable a¢tivities Core activilies 75,734 21,827 97,561 Other tradlng actlvltles Investment Income 3,481 32,262 3,742 7,223 32,262 Total 111,477 25,569 137,046 EXPENDITURE ON Charitable actlvlties Core actlvllies 145,570 24,462 170,032 NET ANCOMEI{EXPENDITURE) (34,093) 1,107 (32,986} RECONCILIATION OF FUNDS Total funds brought forward 221,026 14,750 235,776 TOTAL FUNDS CARRIED FORWARD 186,933 15,857 202,790 TANGIBLE FIXED ASSETS Computer equlpment COST At l Aprll 2023 and 31 March 2024 6,141 DEPRECIATZON At l Aprll 2023 Charge for year 3,890 563 At 31 March 2024 4,453 NET BOOK VALUE At 31 March 2024 1,688 At 31 March 2023 2,251 Paoe 11 contlnued,..
klAVERENG VOLVNTEER ¥ENTRE NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED SX MARCH 2024 DEBTORS: AMOUNTS FALLING DUE wxfHIN ONE YEAR 2024 2023 Other debtors i¥epayments 1,455 4,020 2,056 1,739 SA7S 3,795 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Taxation and soclal securlty other credltors 562 2,760 499 2,658 3,322 3,137 11. MOVEMENT IN FUNDS Net movement In funds At 31,3.24 At 1.4.23 Unrestrlcted funds General fund Designated fund pension and redundancy 100,933 {20,103) 80,830 86,000 86,000 186,933 {20,103) 166,830 Restrlcted funds Seci-et Garden Haverfng Theatre LBH Climate Champlon The Communlty Chest Fund Mayorfs Weekend Fund Hoines for Uki-aine {LBH) oots 3 round 2 Greater London Vol - CFiF Warm hugs project {LBHI HBBS - AGFH Project 2,695 4,000 4,832 3,330 1,000 2.695 4,000 4,832 (3,330) (1,000) 1,740 15,500 2,807 8,112 5,845 1,740 15,500 2,807 8,112 5,845 15,857 29,674 45,531 TOTAL FUNDS 202,790 9,571 212,361 Page 12 continued...
HAVERIWG VOLUINTEER CENTRE NOTES TO THE FXNANCIAL STATEMENTS - contÉnued FOR THE YEAR ENDED 31 MARCH 2024 MOVEMENT IN FUNDS- ¢ontlnued Net movement In fund5, included in the èbove are as follows: ncomlng i-esoLfrces Resources expended Movement in fund.s Unrestricted funds Genei-al fund 121,772 (141,875) (20,103) Restricted funds ThÈ Corllmunlty Chest Fund Mayor's Weekend Fund Homes for Ukraine ILBH) Roots 3 round 2 Greater London Vol - CRF Wami hugs project {L8H} HBBS - AGFH Project {3,330) {I,000) (4,110) (10,500) (7,150) (1,800) (3,330) (1,000) 1,740 15,500 2,807 8,112 5,845 5,850 26,000 9,957 9,912 5,B45 57,564 {27,890) 29,674 TOTAL FUNDS 179,336 (169,765) 9,571 Comparatlves for movement In funds Net movement In funds At 31.3.23 At 1,4,22 Unrestricted funds General fund Deslgnated fund - penslon and redundancy 135,026 (34,093) 100,933 86,000 86,000 221,026 (34,093) 186,933 Restricted funds Secret Garden TNL Cllmate Havering Theatre LBH Cllmate Champlon The Cornmunlly Chest Fund Mayor's Weekend Fund 2,695 (4,750) (6,000) 4,832 3,330 1,000 2,695 4,750 10,000 4,000 4,832 3,330 1,000 14.750 1,107 15.857 TOTAL FUNDS 235,776 (32,986) 202,790 Page 13 Continued...
HAVERING VOLUN bkER CENTRE NOTES YO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 11. MOVEMENT IN FUNDS- contlnued Compèrative net movémenL In funds, Sncluded in the above are as follows: If)comlng resources Resources expended Movement in funds Unve$tx'l¢ted funds General fuiid 111,477 (145,570) 134,0931 Restrlctod funds Secret Garden TNL Cllmate Havering Ttieatre L8H Cllmate Champlon B&Q Nèlghbourly Fund The CoinmuniL'y Chest Fund Mayor's Weekend Fund 3,742 (1.047) {4,750) 16,000) 16,365) (5,000) 11,300) 2,695 14,750) 16,000) 4.832 11,197 5,000 4,630 1,000 3,330 1,000 25,569 {24,462) TOTAL FUNDS 137,046 (170,0321 (32,986) A current year 12 months and prlor year 12 months coinbined posillon Is as follows- Net movÈment In funds At 31.3.24 At 1.4.22 Unrestrlcted funds General fund Deslgnated fund pensiorh and dundancy 135,026 (54,196} 80,830 86,OOD 86,000 221,026 (54,196) 166,830 RèstrTcted funds Secret Garden TNL Climate Havcring Theatre LBH Cllmate Champlon Htsmes for Ukralne (LBHI Roots 3 round 2 Greater London Vol - CRF Warm hugs project {LBH) HBBS AGFH Project 2,695 {4,750) {6,000) 4,832 1,740 15,500 2,807 6,112 5,845 2,695 4,750 10,000 4,000 4,832 1,741J 15,500 2,807 8,112 5,845 14,750 30,781 45,531 YOTAL FUNDS 235,776 {23,4151 212.361 Page 14 contlnu8d...
liAVERING VO&UNTEER E1N1 R NOTES TO I HE tKhlANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2024 11. MOVEMENT YN FUNDS--ontinuÉd A current year 12 months and prior year 12 months tomblned net movement in funds, included In the above are a5 follows.. Incon)Ing resources ReSoUrS expended Movement In funds Unrestrictad ruhds General fund 233,249 (287,4451 {54,196) Restricted funds Secret Garden TNL Climate Havering Theatre LBH Climate Champlon B&Q Nelghbourly Fund The Community Chest Fund Mayor's Weekend Fund Homes for Ukralne {LBH) Roots 3 round 2 Greater London Vol - CRF Warm hugs project ILBH) HBBS- AGFH Project 3,742 {1,0471 {4,7501 {6,000) {6,365) 15,000) 14,630) 11,000) (4,110) (10,500) (7,15U} {1.800) 2,695 (4,750) {6,0001 4,832 11,197 5,000 4,630 1,000 5,850 26,000 9,957 9,912 5,845 1,740 15,500 2,807 8,112 5,845 83,133 {52,352) 30,781 TOTAL FUNDS 316,382 (339,7971 (23,415) Secret Blind Garden This fund had an opening balance of £2,695, durlng the year no grant funds have been received and £0 has been experided, leavlng a remèinlno balance of £2,695. Thls is funds held Dn behalf of the F¥lend5 of the Sensory Gar(len group for dirècl expendlture on the maintenance and upkeep of the Secret Bllnd Garden. Havering Theatre Thls fund had èn openlng balance of £4,000, ijurlng the year no grant ftsnds have been recelved and £0 l)as been expended, leaving a remainii)g balance of £4,000. Thls fund Is to be used on the Haverlng Changlng Project Recrultlng ènd engagin9 In the know Volunteers to inform the communlty about what Is happenlng on thelr door step. LBH Cllmate Chainplon Thls fund had an opening balance of £4,832, durlng the year no giTrnt funds have been recelved and EO has been expended, leaving a remèii)ing balance of. £4,832. This fund is to be usÉd for recruiting and retalnlng cllmate champlonsi purchasing equipment and facllltating events Community Chest Thls fund had an openlng balance of £3,330, dur(ng the year no grant funds have been received and E3,330 has been expended, leavlllg a remalnlng bdlance of £0. This fund Is to be used on the telephone befrlendlng programme to reduce loneliness and Isolatlon The Mayors Weekend Thls fund had an oponing balai)ce ol nll, durlng the year £1,000 of grant funds have been received and £1,000 has been expended, leavlng a remaining balance of £0. Tlils fund Is to be used on Lhe everyone together project Homes for Ukralne Thls fund had an openlng balance of £0, durlng the year £5,850 of grant ftjnds have been received and £4, 110 has been expended, leavlng a remalnlng balance of £1,740. Thls funding Is to support Refugees and Asylum Seekers that are residing In Havering with access to volunteering opportunities. Supporting orgaiiisations to navlgate the complex on-boardlng and DBS process and prctvidlng those seeking volunteering with the means to ti-avel to Iheii. placement. Page 15 continued.
FIAVERING VOLIJNTEER CEN I RE NOTES TO THE FXNANCXAL STATEMENTS - contlttuéd FOR THE YEAR ENDED 31 MARCH 2024 MOVEMeNT IN FUNDS- continued Roots 3 2 This fund had an openlng balance of £0, during the year É26,000 of grant funds have been received and 110,500 has been expended, leaving a remalnlng balance of £15,500. This fundlng enabled HVC to deliver o pilot project supportlno equlty led organlsttions to strengthen *helr foundations, develop from groups Into d)arltle5 and support them wilh their resillence polices to cetnent thelr orga¥)isational structure. Enabllng Havering to have a stronger connected voluntary sector. Greater London Vol This fund had an opening balance of £0, during the year £9,957 of grant funds have been reiVed and £7,150 lias been expended, leavlng a remalning balance of £2,807. This fvndirlg supported HVC to develop the Community Reslllence Project and work wlth Statutory Partners to embed the Voluntary Sector IntD resilience plans right from the plannlng and development stages. Warm hugs project Thls fijnd had an openlng balance of £0, during the year £9,912 of grant funds have been reIVed and £1,800 has been eypended, leavlng a remaining balance of £8,112. Thls project ¢Jellvered by HVC in partnership with the Local Authoi-lty almed to encourage resldents to take up free warm home Improvements to red¢Jce the Impact on cllmate change. HBBS - AGFH project Thbs fund had an opening balance of £0, during the year £5,845 of grant funds have been received and £0 has been Èxpended, leavlng a remalning balan of £5,845. Worklng In Partnershlp wlth the Ardleigh Green Farnlly Hub and Haverlng Brentwood 8ereavenient Society lo devélop and dellver volunteering opportunltles to famllles accessing the family hub. Provldlng our free Check In & Chat serv4 to combal lonellness and isolation and issue emergency food support where needed. Deslgttatèd fund - Pension and Redundancy The fund was created to cover potentlal pension and dundancY cos15. This fund had an openlng balance of £86,000. Durlng the year no grant funds have been received and nll has been expended, leavlno a remainlng balance of £86.000. 12. RELATED PARTY DISCLOSURES There were no re5ated party transactlons for the year ended 31st March 2024, nor for the year ended 31 March 2023 Paue 16
HAVERXNG VOLUNTEER CENTRE DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 INCOME AND ENDOWMENTS Other trading èctivitles Fundral.%ino events 7,223 nvestment Intome Rents recelved Deposit account interest 19,983 102 32,190 72 20,085 32,262 Charitable actlvlties Grants 136,785 97,561 Other income Tralnlng Income 1,417 Total incoming resources 179,336 137,046 EXPENDITURE Charitable actlvltles Wages Social securlty Penslons Rates and water Rent Llght and heat Postage and statlonery Advertislng Sundries Hlre of equlpment Event costs Repalr5 maintenance Telephone SL¢bscriptions Tralnlng Travel Accountancy Profèsslonal fees Insurance Cleaning Deprecl6tion of tangible flxed assets 113,635 4,928 3,233 920 12,000 4,344 3,319 15 660 113,917 4,927 3,039 1,882 12,000 4,371 1,248 126 1,031 1,929 5,391 6,461 2,307 1,327 270 251 2,904 3,134 1,798 969 750 4,075 5,177 2,419 2,690 2,455 263 2,880 3,151 1,237 1,801 563 169,765 170,032 Total reSoUrS expended 169,765 170,032 Net Income/(axpendlture) 9,571 (32,986) Thls page does not form part of the statutory flnancial statements Page 17