Registered Charity Numbér 1207180 The Registered Company Number is.. 12024686 THE VALUE ADDED CENTRE Trustees, Report and Financial Statements For The Year Ended 31 May 2025
THE VALUE ADDED CENTRE Report and accounts Contents Page Charity information Tnjstees, Report ststement of Trustees, sponSIbl1111eS Ind8p8ndent Examinerfs report Statement of Financial Activiknes Balance sheet NOt¢schedule to the financial statements
THE VALUE ADDED CENTRE Charity Inforniation Trustses Gbeminiyi Daniel Janay Mwanza Anthonia Justin Ameena Lonaigh Antoinette Edwards Independent Examiner Daniel Dele-ojo Chartered Certified Accountants Untt One Kings Estate Broaway Parade Hornchurch RM124RS Bankers Metro Bank One Southampton Row London WC1B SHA Prlncipal address 47 Ravenscar Road Surbiton KT6 7PJ Registered number 1207180
THE VALUE ADDED CENTRE Report of the Trustees The trustees present their annual POrt together with Ihe financial Statements of The V8lue Added Centre (the ¢harity} for the year ended 31 May 2025. The Trustees confirm that the annual report and financial statements of the charity comply with the cuent ststutory requirements, the r4uirements of the charity's goveming document and the provisions of the statement of Recommended PraCte ISORP}'Accounting and ReF)0tng by Charities" issued in March 2005. THE VALUE ADDED CENTRE Statement of Trustees. Responsibilities The Charities Act requires the Board of Trustees to prepare financial ststements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing th09e financial statements the Board is fequired to.. - select suitable accounting policies and then apply them Consistently., make judgements and estimates that a reasonable and Pfudenl., and prepare the financial statements on the going COnM basis unless it is inappropriate to presume that the charity will continue in business. state whether applicable accounting standards and statements of recommended practice have been foltowed, subject trj any material departures disclosed and explained in the financial statements., Th8 Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial F)OSition of the charity and whi are sufficient to show and explain the charty's transactions and enable them to ensure that the financtal statements compty with regulations made under the Charib'es Act. They are also responsible for safeguarding the assets of the charity and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Irustees are also responsible for the contents of the trustees. report, and the responsibility of the independent examiner in relation to the trustees, report is limited lo examining the reFK)rt and ensLtring that, on the face of the reporL there are no inconsistencies with the ffgures disGlosed in the financFal statements. This report was approved by the board oftrustees on 7 April 2026 and signed on its beha by: Gbeminiyi Daniel Chair
THE VALUE ADDED CENTRE Independent Examlnots Roport to the trust0 of the charity Report olthe Independgnt Examlner to the trust00 on the flnanclal ststernents of the charlty for tho year Onded 31 May 2025 l port on the financial statements of Ihe Charity on for the year ended 31 May 2025 which have been prepared in accordance with the Charities Act 2011 and with the Financial Reporting Stalldard for Smaller Entities IFRSSE). effective April 2008, adapted to meet the needs of unincorporated organisations, as modrfied by the Ststemenl of Recommended Practice for Accounting and Reporting issued by the Charty Commissioners for England & Wales, effective April 2005 as revised in June 2008. (The SORP}, under the historical cost convention and the accounting policies set out. Respoctlve responslbllltle8 of tTustso9 and examlnor The Charity's trustees are sponsible for the preparalion of the financial statements. The Irustees are satisfied that the audit requirement of Section 144{11 of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the governing document or constitution of the Charity for the conducting of an audit. As a nSequenCe, the trustees have electsd that the financial statements be Subject to independent examination. Having satisfied myself that the Char is not subject to audit and is eligible for independent examination. it is my responsibility to-. - a) examine the accounts under section 145 of the Act" bl lo follow the prOdresI81d down in the General Directions given by the Charity Commission under section 145151{bl of the Act,. and., cl to state whether parhcular matters have come to ry attention. Basi8 of oplnlon and 8cope of work undertaken I conducted my examination in accordance with the General Directions given by the Charity Commissioners for England & Wales In relation to the conducting of an independent examination, ferred to above. An independent examlnation includes a review of the accounting records kepl by the Ch8rty and of the accounting systems employed by the Chalty and 8 comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial 5tatsments and seeking explanations from you as trustees concerning such matters. The purpose of the examination is to establish as far as possible that there have been no brea¢hes of the Charitses legislation and thal the financial statements compty wrth the SORP, on a test basis, of evidence relevant to the amounts and disclosures in the flnancFal statements. The prOdureS undertaken do not provide all the evidenGe that would be required in an audit, and information supplied by the trustees in the course of the examlnation is not subjected to audit tests or enquiries, and consequently I do not express an audit opinion on the view given by the financial statements, and in particular, l express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below. I planned and perfomied my examination so as to satisfy myself that the objective5 of the independent examination are achieved and before finalising the report, l obtain Yrritten assurances from the trustees of all material tnatt8rs. Independent Examinals Stat•mont, roport and oplnion Subject to the limitations upon the scope of my work as detailed atx)ve, in connection with my examination, l ¢an confirm that this is a report in respect of an examination carried out under seGIKJn 145 01 the AGt and in aGGordance with any direction$ given by the Commission under subsection15){b) of that section which are applicable.,
THE VALUE ADDED CENTRE and that, no matter has come to my attenlion in connectton with my examination whi¢h gNes me reasonable Cause to believe that in any matefial respect the requirements {1} to keep accounting records in accordance with section 130 of th8 Act,. (li) to prepare financial statements which acwd with the a¢Unn9 cOrdS and compty with the accountlng requirements of the Acl and,. {iii} that the financial statements be prepared in accordance with the methods and principles set out in the Statement of Recommended PractiGe- Accounting and Reporting by Charities have not been met- or to which, in my opinion. attention should be drawn in my report in order lo enable a proper understanding of the accounts to be reached. Daniel Dele-ojo FCCA For and on behalf of Timi and Co. Chartered Certified Accountants Unit One Kings Estate Broadway Parade Homchurch RM12 4RS The date upon which my opinlon is expressed 1$ on 7 April 2026.
THE VALUE ADDED CENTRE Statement of Flnancial Activities for the year ended 31 May 2025 Unre•trKthd Re8trkted Totsl Funds Funds Funds 2020 2025 Incomlng resourcès Incoming resourees fmm g•neratedfunds Voluntary Income 77,970 77,970 Total Incomlng resources Tl,970 77,970 Costs of chaiitabl• Ktlvitios 70,171 70,171 Totsl resources expended 70,171 70,171 Net Incomlng resources before transfers between funds 7,799 7.799 Net Incomlng resourcos before Other recognised gains and losses 7,799 7,799 Net movement In funds 7.799 7,799 Total fiinds bmught ft>rnard Totsl Funds carrled forward 7,799 7.799
THE VALUE ADDED CENTRE Balance Shefrt as at 31 May 2025 2025 The assets andllabilith of the dlIty." Current as69ts Dgbtors Cash at bank and in hand Total curtvnt ass•ts 205 8,549 amounts due Ythin on8 year 17501 Net¢urr¢ntassgts Tolalassets l•M eumntllabllluos 7,799 Not liabilltle8 Th fun(ts ofthe ¢harty.' Unrestricted income fund$ Unfestricted rèvenue 8MUlad ndS 7,799 Totsl uTrrgstrlGtsd fund8 7,799 Total charlty fvnd8 7,799 Gberninryi Danlel Trustee Approv•d by th• IM>ard of trust¢•s on 7 Aprll 2026
THE VALUE ADDED CENTRE the Financial S ments for the ear ended 31 Ma 2025 1. ACCOUNTING POLICIES Accountiny convontion The financial slalements have been prepared in aco)rdance with the Finanryal Reporting Standard for Smaller Entities IFRSSE}. effectNe April 2(M)8, and all other applicabte acojunting standards, as modffied by the st8tement of Recmmèrl8d Pract* for Acithnting and Réporting issued by the Charity Cornmissioners for England & Wales, (revised June 20081. Incoming r8source$ All incoming resourc8s arè included on the Slatoment of Firwicial A(aiwtvas when the charity Is legalty entiued to the income and the amount can be quanlffied witti reasonabb accuracy. R•sources gxpendad Expenditure is aecounted for on an ae£xJ81s basis and has teen dassffi¥l und8r headings that aggreg8te all cost related to the category. Where c0515 ¢annot be diredy attributed to partlar he8dings they have been allOted to arANi11o$ on a basis nSIStenI wrfh the u8e of resources. Taxation The thafty is exempt from tax on its charitat4e actNiiw. Fund accountsng Unrestricted funds can be u88<1 in aciy)rdance wth the ¢haritable objgcti¥8s at the discrntion of the trustees. Restrithd funds can only be twd for p8rtioJlar re8triLted purposes wthin the obJ'e¢ts ofthe charity. Restrictions 8risè when spec4fi&J by th¢ domr or when frjnds are raised for parlicular reslri¢ted puws. Further explanation of the nature and purpo8e of eath fur¥J is induded in the nots$ to the f1nanry815tatemts. Hir• purchase ond lèasing eomrnilments Rentals paid undtsr oparating leases are th¥rg&J to the stat8ments offinanryal activities on a straight line basi5 ovgr tha period ollhe lease. 2. TRUSTEES. REMUNERATION AND BENEFITS Thare were no trustees, wnunerallon or other b9neffts for the year ended 31 May 2025. Trustees, Expen$ There were no trustees. expenses paid neitherfor the year endgd 31 May 2025.
THE VALUE ADDED CENTRE Schedul8 to the Ststement of Financial Activllles for the year ended 31 May 2025 Status of thls schedule to the Statament of Flnancl•l Actlvltle8 The sctÉdules on the followirrfj pageg are required by the disdosure requirements of the Staternent of Recommended Practice for AUtIng and Reporting issued by the Charity Commissioners for Eng18nd & Wales, effective April 2005 and revised in June 2008. As such, they form a part of the accounts requlrerj by Ihe charleS (Accounts and Reports) Regulations 2008. Unrestrlcted Rèstrlcted Totsl Funds Funds Funds 2025 2025 2025 Incomlng Resources Voluntsry Incomo Don8tlons Totsl Total Donatlons Recelv•d 77,970 77.970 77,970 77.970 Total Voluntsry Income 77,970 77,970 Total Incomlng ResourGes 77,970 77.970 Charltable expendiluré Support costs ol ehai?table actfvities ctsupport¢osts Pmmtses Costs Rent payable Insurance 40,790 4,818 45.608 40,790 4,818 45.608 Telephe and internet Courier Serv%ces 851 1,650 3,924 457 851 1,650 3,924 457 Equipment oxpenses Bank charges Professlonal f5 in supportof charltable actlvltle¥ Accountancy fees other than examinerslauditors Consultancy fees 750 750 16,931 17,681 16,931 17.681
THE VALUE ADDED CENTRE Schedule to the Statement of Flnancial Actlvlties for the year ended 31 May 2025 status of thls $chedule to thè Statemont of Flnan¢lal Activltlos The schedules on the following pages a required by the dlsclo8ure requirements cl the Stslemenl of RecommerKled Practice for Accounting and Reporting issued by the Charity Commissioners for EnglaThJ & Wales. effectNe Aprll 2005 antj rSed in Juno 2008. As such, they form a part of the accounts required by the Charities {Accourts and Reports) Regulations 2008. Unrostrfctsd Rostrlct•d Totsl Funds Funds Funds 2025 2025 2026 Totsl Support costs 70.171 Support costs forgrnnts pald Total Expended on Charitable Activities 70.171 70,171