REGISTERED CHARITY NUMBER: 1165759 REPORT OF THE TRUSTEES AND UNAUDZTED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 FOR HAVERING VOLUNTEER CENTRE Clemence Hoar Cummlngs Chartered Accountants Riverside House 1-5 Como Street Romford E5SCX RM7 7DN
HAVERING VOLUNTEER CENTRE CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 Page Report of the Trustees Independent Examlner's Report Statement of Flnanclal Activittes Balance Sheet Notes to the Financial Statements 9 to 17 Deta1 Statement of Financlal Adivities 18
HAVEFUNG VOLUNTEER CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 The Trustees present their report with the financial statements of the charity for the year ended 315t March 2025. The Trustees have adoptcd the provisions of Accounting and Reportlng by Charities.. statement of Recommended Practlce applScable to charitles preparing their accounts in accordance wlth the Flnanclal Reportlng Standard applicable In the UK and Republlc of Ireland IFRS IC12) (effective I january 20151. OBJECTIVES AND ACTIVITIES Objectives and aims Our vlslon Is to enable positive change to lives and communities thrtrugh volunteering. Haverlng Volunteer Centre offer a person centred, bespoke and hollstlc service to indivlduals seeking volunteerlng opportunities. We understand that a 'one size fits all approach, does not work and that individuals are Just that,. indivlduals. Our role is to empower those seeklng new opportunltles to embrace tlie journey they are on, see beyond ttrke potentlèl they think they have and remove any perceived barriers preventlng them fmm achleving their aspirations. Our missloll 15 to create and support a broad spectrum of volunteering opptsrtunlties we wlll do thls by supporting orgènlsations to develop thelr roles and increase volunteerlng within their orgark15ations. We have already identlfted the need to supporl the Voluntary Sector in Havering to provide more scope for younger people to volunteer. Our alms are to.. Maintaln the 5 core functions of HVC In Ilne wlth our quallty standards Advise and 5UPPOrt our VC.S partners to enable the strcngthening of our sector Guide and inform those wishing to volunteer to seek thelr aspiratÉons Enhance HVC to become an easily accesslble organisation Strtve to provide impactful volunteerlng opportunities For HVC to deliver on its vlsion, mis51on and alms as a collectlve we belleve In the followlng set of strategic objectlves.. Sustainablllty HVC will ensure the foundations of our charity are reslllent, diversely fvnded and appropriately Structured to enable us to adopt the Communlty Action Network Framework to enable the sector to also become sustain3ble. Growth HVC needs to contlnue to grow to enable us to be responsive and supportive to both community and sector needs. HVC w111 ensur& that the organlsation remains relevant, up to date on policies, procedures and changes that èffect the VCS and those accesslng volunteerlng. Development HVC knows that to stay cUrnt and ahead of the trend, we need to constantly develop our pproach and the services provided to enable HVC to remain Bs the go to organisation and a Integral part of Havering Voluntary Sector. Page I
HAVERING VOLUNTEER CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 OBJECTIVES AND ACTIVITIES Significant activities HVC 15 the only licenced Volunteer Centre operating in Haverlng and works w1thln the recognlsed Qijallty Accrcditatlon Scheme operated by the National Council for Voluntary & Comniunlly Action {NAVCA).Wlth HVC attaining accreditation status. HVC recognlses the importance of obtainin9 accredltations and will contlnue to strive to achieve these recognised standards and maintain Itg excellent standing In the voluntary sector. HVC champions the voluntary sector and volunteering by tonnectlngi representing and supportln9 voluntary organisations. Our service5 include tralnlngi consultancy, informatlon, resources and toolkits on overnance, campaigning, strategy, impact and volunteer recruitment and retentlon. Pfvc aim5 to support and encourage volunteerlng, promotlng equallty of access to volunteer opportunities for all In Havering. HVC works In collaboration wlth organisatlOEIS to develop volunteering opportunities, ensurfng high st3rEdards In volunteer management, and strengthenlng the volijntary sector In Havering. HVC wlll never underestimate the Importance or power of volunteering In the community and strives to change the perceptlon and understanding of what It means to be a volunteer In the London Borough of Haverlng. HVC Is deterrlllned that the servlces they undertake strengthens the Voluntary Sector in Haverlng and alms to support all voluntary and community groups to achleve thelr dellvery of servlce by engaging the right volunteers, to enable sustainablllty and consistency of Service delivery that benefits the communlty. The 5 core functlons of the Volunteer Centre.. Strategic Dèvalopment of Volunteering Through the activlty of Havering Volunteer Centre's partnershlp and engagement wlth local networks and declslon makers to create a positive environment In whlch volunteerlng can flourish within the borough. Developlng Volunteering Opportunities For Haverlng Volunteer Centre, In partnershlp wlth local organisations, to develop actlvity to Increase and improve the quantity, quallty and diver51ty of voluntee.ring locally by understanding local need and identlfylng any gaps In respect of groups that are under-represented the borough. Brokerage Havering Volunteer Centre strives to better Inform the general publlc and all sectors about havsng ccess to an effecllve and efficient brokerage service by tallorlng our service to reach targeted audiences, making It easlly accessible for all. Good Practice Dèvelopment The alm of Havering Volunteer Centre is to improve or attain posltlve conslstency acr05s all sectors who Invo5ve or provide volunteers In thelr volunteering programmes. Haverlng Volunteer Centre wlll ensure that the value of Volunteer Management is understood and work to Improve the way organlsatlons manage volunteers and volunteerlng programmes. Voice of Volunteering Througli its activities, Haverlng Volunteer Centre increases the awareness of the issues Impactlng on volunteerfng by breaking down percelved barriers between the indEvidL¢al wlshing to volunteer and the organisatlons involving volunteers. Page 2
HAVERING VOLUNTEER CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 ACHIEVEMENTS AND PERFORMANCE Charitable activities Durlng 2024125, HVC have reglstered 1,589 individuals interested In volunteerlng. Care Calls and Resld¢nt Support HVC'S volunteers this year have placed 385 hours ot care cèlls, eèch cèll buddy volunteer is providing hlgh level of support from HVC and from this there have been many other areas of support identified. Due to HVC providlng one of the only free telephone befriending serVig in Haverlng thèt is open to all, it has proved incredibly populai. Predomlnantlyi the servlce is In high demand amongst Soclal Prescribers and NHS services that refer their patlents to HVC to reduce social isolation and loneliness, This year we have on-boarded vc>lunteers to facilitate the servlce from our offlces. These volunteers undertakes 12 hours a week volunteertng dedicated to the Check In and Chat servlce. Thls servlce Is a vltal Ilfeline for many resldents and is evFdence that it doesn't matter your age, clrcumstances or how active your lifestyle, lone1Iness and Isolatlon knows no prejudice. Case sdY Durlng COVID HVC supported a resident who wa5 seeklng asylum In the UK. Once she was settled In 2022 she no longer needed support from HVC. In March 2023 she reache(5 out once agaln to HVC as we had been so supportive to her In the past. She came to us in despalr following the death of her father, sister and best frlend all In the space of a few months. The situatlon as exasperated due to her not belng able to return to her home country for her falher's funeral. She needed someone to talk ta and take her mind off her tragedy and the world around her. HVC supported her wlth calls every few days until She felt that she was strong enough to be able to get through each day and manage her situatlon easier. HVC connected her to a Socal coffee morning so that she could go out and meet people, somewhere from her home land and thls made her feel a strong connection where she could talk aboLSt where she Ilved from people like minded. We are pleased she is much happier in herself now, she feels settled and able to look to a happier future. She sald she could and would not have done this without our friendly care calls. Foodbank Vouchers As an additlonal unfunded support, HVC offers the borotjgh the issue of Foodbank vouchers. We CLJrrently support residents all over the borough, providing emergency food vouchers for all 3 foodbank5. Durlng 2023124 annual report HVC issued 846 foodbank vouchers. Durlng thls year's annual reporting perlod 2024125 HVC has issued 384 foodbank vouchers. Import3ntly HVC'S support Just doesn't Start and end there, HVC always trles to ascertaln the route causelissue they are facino and what addltlonal support m3y be required. Through our due diligence processes we have been able to identify a number tsf resldents who are becomlng frequent flyers using foodbanks and some that are using multiple names at the same address to obtaln more than the. pp.rmitted quota. HVC have formed a strong relallonship with the Foodbanks and have been able to work In synergy to Identify those that need greater stjpport and those who are potentlally taking advantage of kindness and generosity. Volunteer Placements HVC have successfully referred 1,372 volunteers to registered opportunltles during 2024125 (many volunteers taking on more than one volunteering opportunity). Slnce January 2016 to March 2025 Haverino Volunteer Centre have placed almost 10,500 volunteers into volunteeringi a staggering 15,021 acts of volunteering into Hèverlngi which equates to an astounding cost avoldance of £82,014,6601 purely vla the achievements of Havering Volunteer Centre. Remarkably, as a direct result of volunteertngy 543 individuals have progressed Into pald employment. They mentloned that volunteering played a plvotal role for them in securing paid employment as they gained confidence, new skills, training and self-esteem. Without thelr volunteering journey they are confidenl thls could not have been achieved. Pa9e 3
HAVERING VOLUNTEER CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 If each of those 543 indivlduals who secured employment earnt an average salary of £15,QOOpa. This would equate to £8.14 Milllon being brought into the economy of Havering just by secur5ng volunteering that led to employment, vla Havering Volunteer Centre, not forgettlng the pt)tential reductlon In receipt of out of work benefits. FINANCIAL REVIEW Princlpal funding sourcès The Ilnanclal results for the year are set out In the attached accounts. They show a deh'clt of £43,061 for the year, compared with a surplus of £9,571 for the year ended 31 march 2024. The total reserves at 31 March 2025 were £169,300 compared with £212,361 3t 31 Narch 2024. Thls Includes £12,046 held wlthirt restricted reserves {2024.. £45,531). Total expenditure durlng the year was £187,380 compared with total experidlture of £169,765 duririg the year ended 31 March 2024. Reserves pollcy HVC reserves policy 15 to carry six months normal expendlture, plus statutory penslon arid redundancy costs for all staff. The latter Item Is reviewed every year and ensures Trustees can balance their responsibilities to both employees and general creditors. These reserves are held in accessible form and do not rely on complacated release processes. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The Organlsalion is a Charltable Incorporated Organisation (CIO) formed on 1st October 2015 and reglstered as a Charity on 22nd February 2016. The Charlty was formed under 3 CIO which established the objectives and powers of the charitable 01gani5atlon and is governed under those terms. Recruitment and appointment of new trustees The process for appolntment of the Charity's TSteeS is set out In the CIO governing document. The minimum number of Trustee5 15 three, with no maximLSm, however It was decided under these terms that a manageable number would not exceed twelve Trltstees. One thlrd of the Trustees must retire Ibltrt may stand for re-electlon} each year. Trustees are appointed annually. Trustees may only hold the same Honorary Office role for a maxlmum of fyve years. The Board of Trustees may appolnt any person willtng and flt to act as a Trustee, subject to the provislons of the CIO governing docutnent. Appolntments 3re usually, but not exclusively, made at the Annual General Meeting. The Charity conducts regular skills, experience and dlverslty audits of Trustees. These audit5 sdentify gaps in skills or under-representation of partlcular groups cjr communltles and are fundamental to the recrultment proces5. All potentlal Trustees initially meet with either a member of the existing Board of Trustees and/ or Chief ExecLJtive Offlcer. If this moeting Is deemed successful at thls Informal interview, appllcants are invited to observe a Board Meeting and meet the remaining Trustees. If all parties agree to proceed, the applicant is either co-opted or nominated for electlon at the AGM. Organi5ational structure Havering Volunteer Centre has a Board of Trustees which endeavour to meet bl-monthly ensuring the organlsatlon is functioning adequately. The Board is responslble for the strateglc direcllon and policies of the HVC. HVC'S Chief Executive OffIr holds the position of Ex-officlo but has no votsng rlghts. As of the 31st March 2025, there were 7 Trustees who provide expertlse on the voluntary se¢lor, as well as personal and professlonal skllls and experlence relevant to the work of the organisation. Responsibility for operational issues Iles wlth Shelley Hart, Chief Executlve Officer, who Is supported by team of staff and volunteer support. The Chlef Executlve is responsible for ensurlng that HVC deliver5 services to meet targets and quality standards. Page 4
HAVERING VOLUNTEER CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 STRUCTURE. GOVERNANCE AND MANAGEMENT Inductlon and tr)Inlng of new trustees Trustees are provlded wlth a dear role descrlptlon,-outllnlng thelr statutory and addltlonal responslbllltles. On joining the Board, Trustee5 are Introduced to other Board members and to paid staff and volunteers. They wlll partlclpate In an Inductlon and are expected to attend tralnlng to fulfil thelr role anof sponsIbIlItIeS to HVC throughovt thelr term of offlc¢. Trustees are encouraged to famlllarlse themselves wlth HVC'S pollcie5 and procedures, the Buslness Plan, Fundlng Strategy* Budget and our CIO documentatlon. REFERENCE AND ADMINISTRATIVE DEYAILS Reglstar¢d Charlty numbor 1165759 Prlnclpal address Communlty Reach House 32-34 The Hlgh Street Romford Essex RMI IHR Trustees Ms Sue Glll Treasurer Mrs Debra Branch Mr Nlgel Meyer- Vlce chalr Mr JIM Cantle Ms Lucie Vera-sanso - Maternatly Leave Jan 2025 for l year Ms Tere5a Parlsh Mr Kevln Trahearn - Chalr- October 2024 (appolnted 1.6.24) Independent Examlner Clemence Hoar Cummlngs Chartered Accountants Rlverslde House 1-5 Como Street Romford Essex RM7 7DN Approved by order of the board of trustees on by: and slgned on Its behalf Mr KevSn Trahearn - Trustee Page 5
INDEPENDENT EXAMINER'S REPORT TO THe TRUSTEES OF HAVERING VOLUNTEER CENTRE Independent examiner's report to the trustees of Havering Volunleer Centre I report to the charity trustees on my examlnation of the accounts of Havering Volunteer Centre (the Trust) for the year ended 31st March 2Q25. Re$ponslbllltle$ and basls of report As the charity trustees of the Trust you are responsible for the preparatlon of the accoL¢nts In accordance wlth the requlrements of the Charlties Act 2011 I'the Act.). I report In respect of my examination of the Trust's accounts carrled out under Section 145 of the Act and in tarrying out my examlnatlon I have followed all applicable Dlrections given by the Charity Commission under Section 145151(bl of the Act. Independent examiner's statement I have completed my examination. I corkfirm thèt no materlal matters have come to my attentlon In connection wlth the examination glvlng me cause to believe that In any material re5pect- accounting records were not kept In respect of the Trust as requlred by Sectlon 130 of the Act., or the accounts do not accord with those records,. or the accounts do not comply with the applicable requlrements concerning the form and content of accounts set out in the Charities (Account5 and Reports) Regulations 2008 other than any reouirement that the accoL¢nts give a true and fair view whlch Is not a matter considered as part of an independent examlnatlon. I have no concerns and have come across no other matters In connection with the examlnatlon to whlch attentlon should be drawn In this report in order to enable a proper understanding of the accounts to be reached. Lee Blunden FCCA CTA clemen Hoar Curnmlngs Chartered Accountants Rlverslde House 1-5 Como Street Romford Essex RN7 7DN Date.. Page 6
HAVERING VOLUNTEER CENTRE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2025 2025 Total funds 2D24 Total hjnds Unrestrlcted Restrtcted fund5 funds Notes INCOME AND ENDOWMENTS FROM Charitable activities Corc aclivltles 64,497 49,162 113,659 136,785 other tradlng actlvltles Investment Income Other income 5,354 23,856 1,450 5,354 23,856 1,450 21,049 2Q,085 1,417 Total 95,157 49,162 144,319 179,336 EXPENDITURE ON Charitable activities CLire acLlvities 104,733 82,647 187,380 169,765 NET INCOMEI{EXPENDITURE) (9,576) (33,485) (43,061) 9,571 RECONCXLIATJON OF FUNDS Totiil funds brought fOard 166,830 45,531 212,361 202,790 TOTAL FUNDS CARRIED FORWARD 157,254 12,046 169,300 212,361 The ntstes ft)rm part of these financial statements Page 7
HAVERING VOLUNTEEA CPNTRE BALANCE SHEET 31ST MARCH 2025 2025 Total funds 2024 Total funds Unrestrlcted Restrlcted funds funds Notes FIXED ASSETS Tanglble assets 1.266 1,266 1,688 CURRENT ASSETS Debtors Cash at bank and In hand 2,072 177 376 2.072 189 412 5,475 208 520 179,448 11040 191h94 213,995 CRIOITORS Amounts falllng due wlthln one year io (23,460) (23.460) (3,322) NET CURRENT ASSETS 155 988 168 034 210 673 TOTAL ASSETS LESS CURRENT LIABILITIES 157,254 12,046 169.300 212,361 NET ASSETS 157 254 169 300 212 361 FUNDS Unrestrlcted funds Restricted funds li 157,254 166,830 TOTAL FUNDS 169 300 212 361 The flnanclal statements were approved by the Board of Trustee5 and authorlsed for Issue on '21'li.'I'i' . and were slgned on Its behalf by: Mr Kevln Traheam Trustee The notes form part of these flnancial statements Pagè 8
HAVERING VOLUNTEER CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 ACCOUNTING POLICIES Basis of preparing the financlal statements The financial statements of the charityj whlch Is a public beneflt entSty under FRS 102, have been prepared in accordance with the Charities SORP {FRS 1021 'Accounting and Reporting by Charltles.. statement of Recommended Practi applicable to charities preparlng their accounts In accordance with the Flnènclèl Reporting Standard applicable in the UK and Republic OF Ireland IFRS 1021 leffectiv& I lanuary 20191,, Flnancial Reporting Standard 102 'The Flnanclal Reportlng Standard appllcable in the UK and Republlc of Ireland. and the Charities Act 2011. The financia5 statements have been prepared under the h15torical cost conventlon. Income All income is recognised in the Statement of Financlal Acllvlties once the charity has entitlement to the funds. It is probable that the Sncome will be received and the amount can be measured rellably. The following speclflc policies are applled to particular categories of Éncome= Voluntary income Is CeIved by way of grants, donatlons and gifts and is included in full in the statement of flnancial activities when receivable. Grants, where entitlement is not conditional on the delivery of a speciflc performan by the charity, are recognlsed when the charity becomes unconditionally entitled lo the grant. Donated services and facllilies are Included at the value to the charity where thls can be q(Eantified. The value of services provided by volunteers has not been included in these accounts. Investment income and fundraising proceeds are included when recelvable. Incomlng resources from grants, where related to performan and specific dellverables, are accounled for as the charlty earns the right to consideration by its performance. Fees are inclded when the charlty has a rlght to Income by way of perfomiance of servlces. Expenditure Liabllitles are recognised as expenditure a5 soon as there is a legal or constructive obllgation commltting the charlty to that expenditure. It Is probable that a transfer of econtsmlc benefits will be required in settlement and the amounl of the obligation can be measured rellably. Expenditure is accounted for on an accruals basis and h35 been classlfled under headings that aogregate all cost related to the category. Where costs cannot be directly attrlbuted to particular headlngs they have been allocated to activities on a basls consistent wlth the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates In order to wrlte off each asset over Its estimated useful Ilfe. Computer equlpment 25Qkn on reduclng balance Taxation The charity is exempt from tax on its charitable actÉvities. Fund accounting Unrestrlcted funds can be used in accordance wlth the charitable objectives at the dlscretion of the trustees. Restricted funds can only be used for partlcular restrlcted purposes within the objects of the charity. Restrietlons arlse when specified by the donor or when funds are ralsed for particular re5trlcted purposes. Further explanation of the nature and purpose of each fund is included In the notes to the flnancial statements. Page 9 continued...
HAVERING VOLUNTEER CENTRE NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST MARCH 2025 ACCOUNTING POLICIES - continued Penslon costs and othèr past-rotirement beneflts The tharlty operates a defined contribution pension scheme. Contributions payable to the charity's pension stheme are charged to the Statement of Financial Actlvltles In the period to whlch they relate. OTHER TRADING ACTIVITIES 2025 2024 Fundraising events 5,354 21,049 INVESTMENT INCOME 2025 2024 Room hlre received Deposit account Interest 23.754 102 19,983 102 23,856 20,085 INCOME FROM CHARITABLE ACTIVITIES 2025 2024 Actlvlly Core activities Grar)ts 113,659 136,785 Grants retelved, Included in the above, are as follows.. 2025 2024 London Borough of Havering Core Fundlng Groundwork UK Greater London Clarion Futures London Borough of Havering Other GLA Asda foundation London plus, Community Resilience Fund Essex Community FLfnd Royal Hort Soclety HBBS - AGFH Project Natural England NEL Collaboration Home 4 Ljkraine Co-op Community Fund Bently Foundatlon Linder Foundation st Georges Health Hub 56,272 1,600 56,272 26,000 10,000 15,762 2,000 1,450 9,957 3,000 3,500 5,845 4,999 23,672 5,000 3,900 1,215 500 2,000 7,500 113,659 136,785 Page 10 tontlnued...
HAVERING VOLUNTEER CENTRE NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST MARCH 2025 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneratlon or other benefits for the year ended 31st March 2025 nor for the year ended 31st March 2024. Trustees. expenses There were no trustees, expenses paid for the year ended 315t March 2025 nor for the year ended 31st March 2024. STAFF cosrs The average monthly number of employees during the year was as follows.. 2025 2024 Personnel No employees received emoluments In excess of £60,000. Key Management Personnel The key manageinent persorknel of the tharlty In charge of directing and controllingi running and operatlng the. charity on a day to day basls comprise the Trustecs, thc Chlef Executive Officer and the Centre Operations Manager . The total remuneration of the key management personnel for the year was £91,995 {2024.' £87,129). COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- 31ST MARCH 2024 Unrestricted Restrlcted Total funds fund5 funds INCOME AND ENDOWMENTS FROM Charltable activities Core actlvities 79,221 57,564 136,785 Other trading activlties Investment Income other income 21,049 20,085 1,417 21,049 20,085 1,417 Total 121,772 57,564 179,336 EXPENDXTURE ON Charitable activities Core activltie5 141,875 27,890 169,765 NET INCOME/{EXPENDITURE) {20,103) 29,674 9,571 RECONCILIATION OF FUNDS Total funds broughi forward 186,933 15,857 202,790 TOTAL FUNDS CARRIED FORWARD 166,830 45,531 212,361 Page 11 contlnued...
HAVERING VOLUNTEER CENTre NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025 TANGIBLE FIXED ASSETS Computer equipment cosy At 1st Aprll 2024 and 31st March 2025 ,141 DEPRECIATION At 1st April 2024 Charge for year 4,453 422 At 31st March 2025 4,875 NET BOOK VALUE At 31st March 2025 1,266 At 31st March 2024 1,688 DEBTORS: AMOUNTS FALLXNG DUE WITHIN ONE YEAR 2025 2024 other debtors Prepayments 1,455 4,020 2,072 2,072 5,475 10. CREDrroRS. AMOUNTS FALLING DUE WXTHIN ONE YEAR 2025 2024 Taxation and soclal securjty Other credltors 319 23,141 562 2,760 23,460 3,322 Page 12 continued.
HAVERING VOLUNTEER CENTRE NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST MARCH 2025 11. MOVENENT IN FUNDS Net movement n funds At 31.3.25 At 1.4.24 Unrestricted funds General fun Designated fund - penon and redundancy 80,830 (9,576} 71,254 86,000 86,000 166,830 {9,576) 157,254 Restrlcted fund$ Secret Garden Groundworks Haverlng Theatre LBH Cllmate Champion Homes for Ukraine (LBH) Roots 2 round 2 Greater London Vol CRF Warm hugs project IL8H) HBBS - AGFH Project St Georges Health Hub 2,695 2,695 1,600 1,600 (4,000) 4,000 4,832 1,740 15,500 2,807 8,112 5,845 4,832 (1,740) (15,500) (2.807) (8.112) (5,845) 2,919 2,919 45,531 (33,485) 12,046 TOTAL FUNDS 212,361 (43.061) 169,300 Net movement In funds, Included In the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 95,157 (104,733) (9,576) Restricted funds Groundworks Haverlng Theatre Homes for Ukraine ILBH) Roots 3 round 2 Greater London Vol CRF Warm hugs project ILBHI HBBS - AGFH Project GLA - Mayors Fund Bently Foundation st Georges Health Hub 1,600 1,600 (4,000) (1,740) (15,500) (2,807) (8,112) (5,845) (4,000) (5,640) (15,500) (2,807) (8,112) (29,507) (2,000) {500) (14,581) 3,900 23.662 2,000 500 17,500 2,919 49,162 (82,647) (33,485) TOTAL FUNDS 144,319 (187,380) (43,061) Page 13 contlnLJed...
HAVERING VOLUNTEER CENTRE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025 ii. MOVEMENT IN FUNDS- continued Comparatives for movement In funds Net movement In funds At 31.3.24 At 1.4.23 Unrestricted funds General Fund Designated fund pension and redundancy 100,933 (20,103) 80,830 86,000 86,000 186,933 120,103) 166,830 Restricted funds Secret Garden Havering Theatre LBH Climate Champion The Community Chest Fund Mayor's Weekend Fund Homes for Ukraine {LBH) oots 3 rourhd 2 Greater London Vol - CRF Warm hugs project ILBH) HBBS - AGFH Project 2,695 4,000 4,832 3,330 1,000 2,695 4,000 4,832 (3,330) (I,ooD) 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 Comparatlve net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement In funds Unrestricted funds General fund 121,772 1141,8751 (20,1031 Restritted funds The Cominunity Chest Fund Mayor's Weekend Fund Homes for Ukraine {LBHI Roots 3 round 2 Greater London Vol - CRF Warm hugs project (LBH) FIBBS - AGFH Project {3,3301 {I,0001 {4,1101 110,5DOI {7,1501 {1,8001 (3,3301 (1,0001 1,740 15,500 2,807 8,112 5,845 5,85LI 26,000 9,957 9,912 5,845 57,564 (27,890) 29,674 TOTAL FUNDS 179,336 1169,7651 9,571 Page 14 continued...
HAVERING VOLUNTEER CENTRE NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST MARCII 2025 11. MOVEMENT IN FUNDS- eontlnued A current year 12 months and prior year 12 months comblned positlon is as follows.. Net movement In funds At 31.3.25 At 1.4.23 Unrestricted funds General fund Designated ftÉnd - peftsion and redundancy 100,933 129,679) 71,254 86,000 86,OJO 186,933 129,679) 157,254 Restricted fundg Secret Garden Groundworks Havering Theatre LBH Cllmate Champion The Communlty Chest Fund Mayor's Weekend Fund St Georges Health TrILJb 2,695 2,695 1,6CIO 1,600 {4,0001 4,00 4,832 3,33CI 1,00 4,832 {3,3301 {I,0001 2,919 2,919 15,857 {3,811) 12,046 TOTAL FUNDS 202,790 133,490) 169,300 A current year 12 months and prSor year t2 months combined net movement In funds, included in the above are as follow5.. Incoming resources esources expended Movement In funds UnrestrictÈd funds General fund 216,929 {246,608) 129,679) Restricted funds Groundworks Havering Theatre The Community Chest Fund Mayor's Weekend Fund Homes for Ukraine ILBH) Roots 3 round 2 Greater London Vol CRF Warm hugs project {LBHI HBBS - AGFH Project GLA - Nayors Fund Beritly Foundation st Georges Health Hub 1,600 1,60 {4,QOO) {3,330) {I,000) 14,000) 13,3301 11,000) (9,750) (26,000) (9,957) (9,9121 {29,5071 (2,0001 (5001 {14,5811 9,750 26,000 9,95'7 9,912 29,507 2,000 500 17,500 2,919 106,726 (110,5371 (3,811) TOTAL FUNDS 323,655 {357,1451 {33,490) Secret Blind Garden This fund had an openlng balan of £2,695, dur(ng the year nts grant funds have been recelved and £0 has been expended, leaving a remainlng balance of £2,695. This is funds held on behalf of the Frlends of the Sensory Garden group for direct expenditure on the malntenance and upkeep of the Secret Blind Garden. Page 15 continued.
HAVERING VOLUNTEER CENTRE NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31ST MARCH 2025 ii. MOVEMENT IN FUNDS- continued Havering Theatrè Thls fund had ar) opening balance of £4,000, dudng the year no grant funds have been received nd £4,OQO has been expended, leaving a remaining balance of £0. This fund is to be used on the Havering Changlng Project Recruiting and engaglng In the know Volunteers to inform the communily about what Is happenlng on their door step. LBH Cllmate Champion This fund had an openlno balance of E4,832, durlng the year no grant funds have been recelved and £0 has been expended, leaving a remainlng balance of £4,832. Thls fund is to be used for recrultlng and retaining climate champlons, purchasing equlpment and faalitating events Homes for Ukraine This fund had an openlng balance of £1,740, dLFrlng the year no grant funds have been recelved and 11,740 has been expended, leaving a remalnlng balance of £0. This fundlng 15 to support Refugee5 and Asylum Seekers that are residing In Havering with access to volunteering opportunitie5. Supportlng oryanisations to n3vlg8te the complex on-boarding and DBS process and provldlng those seeking volunteerlng with the mean5 to travel to their placement. Roots 3 round 2 Thi5 fund had an opening balance of £15,500, during the year no grant funds have been recelved and £15,5JO has been expondcd, leavlng a remaining balance of £0. This funding enabled HVC to deliver a pllot project SLEPPUltlng equlty led organisatitsns to strengthen their foundations, develop from groups Into chai'ities and suppart them with thelr resillence and policcs to cement their organlsatlonal structure. Enabllng Havering to have a stronger connected voluntsry sector. Greater London Vol This fund had an opening balance of £2,807, dur4ng the year no grant funds have been recelved and £2,807 has been expended, leavlng a remaining balance of £0. This funding supported HVC to develop the Community Res1lien Project and work with Statutory Partners to embed the Voluntary Sector into resilience plans rlght from the planning and development stages. Warm hugs project Thls fund had an openlng balance of £8,112, durlng the year no grant fur)ds have been recelved nd £8,112 has been expended, leaving a remaining balance of £0. This project dellvered by HVC In parlnership wlth the Loca5 Authorlty almed to encourage resldents to take up free warm home Improvements to reduce the Impact on cllmate change. HBBS- AGFH project Thi5 fund had an openlng balance of £5,845, durlng the year £23,662 of grant funds have bee recelved and É29,507 has been expended, leavlng a remainlng balance of £0. Wtsrklng In Partnershlp with the Ardlelgh Green Family Hub and Haverlng Brentwood Bereavement Society to develop and deliver volunteerlng opportunities to families accessing the famlly hijb. Prnviding our rree Check In & Chat service to combat loneliness and Isolation and issue emergency food support where needed. GLA Mayors Fund ThSs fund had an openlng balatKe of £0, during the year £2,000 grant funds have been reiVed and £2,000 has been expended, leaving a remaining balan of £0. Thls fund Is to be used to recrult volunteers for community engagement. Host volunteering reUItment event wlth voluntary sector organisatlons to Increase diverse volunteerlng within our communlties Bently Foundatlon Thls fijnd had an openlng balance of £0. durlng the year E500 grant funds have been recelved and £500 has been expended, le3ving a remalning balance of £0. Grant payment for volunteers Garden Settings to keep green spaces thrivingi volunteer engagement to clear, weed maintaln garden environments st Georyes Health Hub Page 16 contlnued...
HAVERING VOLUNTEER CENTRE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025 11. MOVEMENT IN FUNDS- continued Thls fund had an opening balance of £0, during the year £17,500 grant funds have been reIved and £14,581 has been expended, leavlng a remaining balance of £2,919. To fund part time Volunteer Co-ordlnator at St Georges Health and Wellbeing Hub recrult and manage 100 volunteers weekly at the new health and wellbelng hub as meet and greeter5 Groundworks This fund had an openlng balance of £0, during the year £1,600 grant funds have been received and £0 has been expended, leaving a remaining balance of £1,6QO.To fund the purchase of emergency equipment, training materials, venue hire, communlty reslllence champlon volunteer recrultment - buildlng reslllence wlthln our communitles to be prepared for any disaster or crlsis that rFEdy occur. Designated fund - Pension and Redundancy The fund was created to cover potentlal penslon and redundancy costs. Thls fund had an opening balance of £86,000. Durlng the year no grant funds have been recelved and nll has been expended, leaving a remaining balance of £86,000. 12. RELATED PARTY DISCLOSURES There were no related party transactlons for the year ended 31st March 2Q125, nor for the year ended 31 March 2024 Page 17
HAV£RING VOLUNTEER CENTRE DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2025 2025 2024 INCOME AND ENDOWMENTS other trading activities Fundraising events 5,354 21,049 Investment income Room hire received Deposit account interest 23,754 102 19,983 102 23,856 20,085 Charitable artlvitles Grants 113,659 136,785 other Income Training Income 1,450 1,417 Total incomÈng rasources 144,319 179,336 EXPENDITURE Charitable activitles Wages Social securlty Pensions Rates and water Rent Light and heat Postage and statlonery Advertising SundrFes Event costs Flepairs maintenance Telephone Subscriptions Trainlng Travel Accountancy Professlonal fees Insurance Cleaning Depreci3tion of tangible fixed 3ssets 119,092 6,204 3,482 1,057 12,000 4,261 2,621 217 774 15,479 2,680 2,670 5,349 1,500 505 3,283 3,345 1,517 842 422 113,635 4,928 3,233 920 12,000 4,344 3,319 15 660 4,075 5,177 2,419 2,690 2,455 263 2,88Q 3,151 1,237 1,801 563 187,300 169,765 Support costs Finance Barik charges 80 Total resources expended 187,380 169,765 Net (expenditure)/income (43.061) 9,571 Thls page does not form part of the statutory ftnancial statements Page 18