Charlty Ae81stratlon Number: 2Z3007 Company Number: 00215695 (England and Wale51 vas supporting community action TRUSTEES, ANNUAL REPORT & ACCOUNTS YEAR ENDED 31 MARCH 2025 VOLUNTARY AcfioN SHEFFIELD TRusfEES' ANNUAL REPORT & ACcOU￿s FOR THE YEAR EIVDED 31 MARCH 2025 Content5 Le8al and administratNe information Chair's foreword Trustee5' report lincludln8 Directors. report) 5-31 Trustees, responsiblllties 32 Irsdependent audito¢s report 33-36 Statement of flnancial activltles 37 Balance sheet 38 Cashflow statement 39 Notes to the accounts 40-59 Appendix A - Or8an15atlonal structure VOLUNTARY AcfioN SHEFFIELD LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2025 Reglstered offlce: The Circle 33 Rockingham Lane Sheffield SI 4FW TelephoDe- 0114 253 6600 Fax.. 0114 253 6601 Web: www.vas.org.uk Emall: info@vas.org.uk Charity No: 223007 Company No.. 00215695 VAT Re8 No.. 706 1183 63 Honorary offlcers: Andy Buck Peter Wozencroft Kay Dickinson IChair- resigned from VAS Board 20 November 20241 Ichair from 20" November 20241 (Treasurer) Other trustees: James Lock (resigned 20, November 20241 Uri Rennie (resigned 20, November 20241 TIM Furness David Bussue Safiya Saeed Joanne Arch John Hudson Ruth Brown Ahmed Mohamed lappointed 20" November 20241 Amy Thornton lappointed 20" November 20241 Jess Hudson (appointed 20, November 20241 Siobhan Laird lappolnted 20, November 20241 'Observer' {non-votingl attendees at the Board: Joe Horobln Lucy Ettridge Isheffield City Councill INHS Sheffield) Chlef Executlve: Helen Sims Company secretary: Helen Sims Senlor Mana8ementTeam: Helen Sims, Helen Steers, Sarah Slowther (to January 20251, Liz Dingle, Rachael West, Paul Harvey, Lucv Davies, Lloyd Samuels, Adam Batty Ifrom April 20241, Natasha Munoz (from October 20241. 8HP LLP VOLUNTARY AcfioN SHEFFIELD LEGAL AND ADmINI￿RATIVE INFORMATION - CONTfNUED FOR THE YEAR ENDED 31 MARCH 2025 Commlttees and advlsers: Auditand Ri k Committ Kay Dickin50n (Chair for Finance section), Tim Furne55 Ichair for Strategy and Governance section), Andy Buck (to November 20241, Peter Wozencroft, John Hudson and David Bussue. Audltor: HP LLP Albert Works Sidney Street Sheffield 514RG Bankers: Unlty Trust Bank plc Nine Brindleyplace 8lrmingham BI 2HB Sollcltors: Bhayani Law Limited TIA Bhayani HR & Employment Law 59 Shoreham Street Sheffleld SI 4S8 BHPLLP VOLUNTARY AcfIoN SHEFFIELD TRUSTEES'ANIVUAL REPOR R?R THE YEAR ENDED 31 MARCH 2025 Foreword from the Chair l am writing this foreword to Voluntary Action Sheffield's 2024125 Annual Report wlth a mlxture of pride, sadness and resolve. The Board is proud of the wonderful things achieved by the staff and volunteers working for the organi5ation on behalf of the communities it serves. Our role in the development of the Sheffield City Goals was pivotal in harnessing the power of communities to determine what was important and relevant to them. Building upon this, we provided organi5atlonal support to a 'bullding thriving communities" initiative, aimed at empowering some of our most underserved communities to succeed in the face of a challenging economic environment. North East Sheffield received an investment package of £1.4m in 2024125 to boost community infrastructure, and VAS has been at the heart of planning for the distribution of thi5 resource to brin8 the greatest positlve impact. Recognising that good health and wellbeing Is essentlal for people to thrive, VAS took a key role In the development of the Fair and Healthy Sheffield plan. Malntaining an independent role in capturin8 people's experiences of health and social care seNices is central to Healthwatch Sheffleld, which 15 h05ted by VAS. Our success in bringlng about lasting improvement5 to these seThite5 through rigorous scrutinv and constructive feedback (both positive and negativel to the providers resulted in the awardlng of a ten- year contract for the provlslon of the Healthwatch seNice. We know that young people hold the key to the future coheslon and success of our city. Much of VAS, work, and its collaborations with community anchor or8anisations acr055 Sheffield, is focused on creating positive oclivities and opportunities for young people to achieve their full potential. We are particularlv proud of our emerging leaders programme in provldSng space for leaders to develop their own new network for better representation and diversity on boards and decision-making bodies in Sheffield. To continue to do great work with and In communitie5, VAS needs to maintain it5 own strength and resilience. We are proud of the work we have done on workplace wellbeing in general, and particularly of the reflective practice and mental health support work tar8eted at 8lobal majority community workers. There 15 Sadness in loss, and in the time between the end of 2024125 and writing this VAS ha5 lost two people who profoundly Influenced its work and impact in Sheffield. May Saw the passing of judy Robinson, Chair of Healthwatch Sheffield and a wise, positive and unwavering champion of Social justice in Sheffield. Then in June we10st Uri Rennie, who was a Trustee of VAS for eight years before stepplng down in 2024. Alongside his many achievement5 in the world of professional football, Uri was passionate aboLtt Sheffield and made a huge contribution to the clty in his many professional and voluntary roles. We will miss them both enormously* whilst resolving to honour their legacy in continuing the mission of VAS and the wider Voluntary, Community, Faith and Social Enterprise IVCFSEI sector in Sheffield. We were also shocked and saddened by the racist riots that broke out in South Yorkshire last summer, serving to remind us that there are elements in society, politlcs and the media intent on sowing division in our communities. Amongst other ripples from this disgrèteful episode and the political and societal response to it, the environment has undoubtedly become tougher and more hostile for refugees and those seeking asylum. 8HP LLP VOLUNTARY AcfIoN SHEFFIELD TRusfEES'ANNUAL REPOR T FOR THE YEAR ENDED 31 MARCH 2025 We are respectful of the fact that a new government elected in July 2024 with a large majority is pursuin8 an ambitious policy agenda in the face of a challenBing geopolitical and economic context. It would be remi55 of us, however. to i8nore the fart that some of the recent and imminent changes, including National Insurance increases and elements of welfare reform have the potential to have negative implications for some of the most vulnerable in society, as well 35 on the vibrancy and viability of the VCFSE sector. We are also facing up to the local implications of the wholesale restructuring of the NHS, Including the proposed abolitlon of Healthwatch England and Local Healthwatch organisations. At best, this will chan8e the nature of partnership worklng in the city, distracting people from important work supportin8 communities whilst they focus on reslructuring. At worst, it will result in negative outcomes for people and communities. De5Plte these challen8es, and as VAS enters its hundredth year representing the VCFSE sector in 5heffleld, our resolve remain5 Strong and unwavering. We will continue to stand for community cohesion, and oppose raclsm and all forms of discrimination. We will strive to empower people in communitie5 across our city to improve the quality of their live5 in line with their own priorities. We wlll care for our own people, pald staff and volunteers, so that their power and resilience Ss reflective of the power and resilience we seek to instil in our communltie5. Peter Wozencroft Chair of the Board of Trustees BHP LLP VOLUNTARY ACTION SHEFFIELD TRUSfEES'AIvivuAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 Strategy and Delivery Our work in 2024-25 delivered our vision: People in Sheffield have the opportunity to live healthy, fulfilling lives, reach their potential, and thrive equally. Our purpose is to support people, communities and the Voluntary Community Sector to lead positive change. We focused on 5 strategic priorities: 1. 8uildin8, hostin8 and nurturing stron8 inclusive and effective partnerships to develop posltlve soclal change. 2. Supporting leadership and capacity in communltles and the voluntary sector. 3. Creating volunteering and other opportunltie5 for people that are most marginalised. 4. Supportin8 occe55 and empowerment in the next generatlon of leaders. 5. Being a good employer and a well-run or8anisatlon, whlch cares for our people and resources. How we delivered this purpose Is reflected in our values and behaviour. Our values Equity and social justice Trust and mutual respect Partnership The power of people, communities, and the VCS Public benefit The Trustees have complied with the duty in section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission. Details of the activities we carried out to deliver a public benefit are described in thi5 report. BHPLLP VOLUNTARY ACTION SHEFFIELD TRUSTEES'ANIVUAL REPOR T FOR THE YEAR EIVDED 31 MARCH 2025 Priority One: Building and nurturing strong inclusive and effective partnerships to develop positive social change Sheffield City Goals Transition work Over the past year we have been part of a core team, designing new infrastructure to enable more people to participate in the delivery of the City Goals. VAS have adopted the City Goals as our'North starf for directing our Skills, connection5 and resources to create positive Social chan8e in the citv. Helen Sim5 has been co-leading on convening expertise to shape the Neighbourhood Conversatlons workstream of City Goa15 infrastructure since April 2024, more recently working alongside the selected consultancy partners Opus Independents and Dark Matter Labs. Helen is co-leading the Nei8hbourhood Conversatlons workstream with Simon Duffy, Director of Citizen Network UK, who has a wealth of expertise in participatory governance and Citizen Voice. Sheffleld Clty Partnershlp board and transition to Sheffield Stronger Together As part of the transltion work, the Sheffield City Partnership Board wa5 Stood down by it5 Chair Lord Blunkett, in Summer 2024, with a final board meetin8 to review the work of the partnership over the vears. The first meeting of the newly formed Sheffield Stronger Together leadership group was held on 5th November, the 8roup is chaired by Tom Hiint, l.Fbader nf 5hpffip.ld City Council and independentlv facilltated to brin8 leader5 together and identify the purpose and 8overnance structure of th15 group wlth the wlder City Goals work. Sheffield Health and Care Partnership The Chlef Executlve of VAS and the Chair of Healthwatch are both Board members, providing both patient and community insight to declsion making and evaluation of the loc31 devolved ICB plan at Sheffield place. Helen Steers is a member of a number of the programme delivery boards created by the HCP. Helen support5 better working and mutual understanding between partners, for example Helen has been developing the mature leadership model with pro8ramme board partners to support Inte8rated Neighbourhood workin8 and to develop collective influence around community investment. A Falr and Healthy Sheffield The Sheffield Health and Wellbein8 Board published the new Health and Wellbeing strategy.. A Fair and Healthy Sheffield at the end of September. Helen Steer5 was a member of the editorial team, advising on reaching Out to communitie5 in order to place citizen voice at the centre of this work. We also shared findings from the City Goals Collaborative Conversatlons work with the research team to inform community voice on health and wellbeing. BHPLLP VOLUNTARY ACTION SHEFFIELD TRUSTEES'ANNUAL REPOR T FOR THE YEAR ENDED 31 MARCH 2025 This is Us- North East Sheffield Model Neighbourhood, Sheffield Health and Care Partnership VAS has been leading a number of areas of work that are supportin8 and testing new ways for community investment to flow towards the thin85 that will enable the sector and communities to make a difference. This Includes the 'This is U5" programme in the North-East of the Citv. We have been working with the Programme Board to develop the work and evaluatlon approach wlth New Local, including,. Providlng support to the programme's VCSE leaders and future community delivery partners, to support their capacity and engagement with the Programme, facilitating some of their input to the board. Supporting the This is Us INE Sheffield Investmentl by developing a capacity and capability plan to help the Board understand options for investment that could build the capacity and capability of the VCFSE to deliver, within the wider model of the NE model neighbourhood. Supporting the process of plannin8 and distributin8 £1.4m of IC8 money and managing ongoin8 activities that support accountability back to the Programme Board. Leading conversations to shape the investment plan for Public Health money within the programme to support the leadershlp capacity and capability in the wider system response strand of the pro8r3mme. North East Neighborhood programme - Evaluation of the en8a8ement activity in all four of the neighbourhoods that make up the North-East neighbourhood investment programme, has now been synthesized by New Local. Sheffleld VCFSE Leaders Forum Over the past year we have created space to think, space to en8a8e, and in Au8USt 2024 following the racist riots, coordinated critical response for leaders of social action in Sheffield. We maintain regular meetings with City leader5 acro55 the Council, health system and other or8anisations, supporting closer working with the VCS and being instrumental in areas of closer working, for example the work we are doing to help shape the framework for driving more effective ways of working between the Council and sector. Some of the key pieces of work undertaken by the forum inrlude: Following the racist riots at the Holiday Inn in Rotherham, we set up commvnication5 infrastructure to bring together community leaders in the city for immediate insight5, listening and then worked over the week following the incident to coordinate between formal incident management systems and communities. We carried out a workshop to develop a shored narrative that extends understandlng and brings to life to the role of prevention in communities. We have produced a brief from the workshop and have been shaping it with key stakeholders to deliver key shared messages form the sector, so that we can Speak with consistency and influence to shape neighbourhood and community anchor work. BHP LLP VOLUNTARY ACTION SHEFFIELD TRusfEES'AIVIVUAL REPOR T FOR THE YEAR EIVDED 31 MARCH 2025 In March 2025 we facilitated a roundtable between VCF-SE leaders and Tom Smith and other leaders in SCC to shape the design of the Sheffield Community Strategy engagement work. SY VCSE Alliance VAS has worked as a South Yorkshire portner. The SY VCSE Alliance is a formal alliance between the SY Integrated Care Board ISY ICBI and Local VCSE infrastructure bodie5 VAS, Voluntary Action Rotherham, Barn51ey CVS, Voluntary Action Doncaster and South Yorkshire Community Foundation. Helen Sims has chaired the VCSE Alliance since July 2023 and its purpose 15 to work collaboratively to value, engage and support participation of the VCSE in the development and delivery of IC8 priorities. The Alliance have had an impact across several area5 of partnership working.. Supporting and enabllng participation of people from the VCFSE across a range of Integrated Care 8oard proRramme steerinR Rroups from workforce development, to data and analysis. We Supported particlpants with initial engagement, on-boJrding and participation payments to cover lime and expense5. Working with the research team at Sheffield H311am Univer51ty to understand the size, relative economic value and challenges faced by the sector across South Yorkshire. The Alllance is also working on a development plan that include5 the basellne mapplng of total current investment in the VCSE by the SY ICB, in order to understand the nature of investment, and agree a high-level investment framework. SY Integrdted Cdie Pdi Iiier51)ip Helen Steers attends the ICP board on behalf of Sheffield and the VCFSE, with the purpose of working tO8ether to increase economic participation and 5UPPOrt a fair, inclusive and sustainable economv. We have influenced key discussions centred on housing and health and what Is happening around work and health, followlng the investment received by SYMCA for the Health and Growth Accelerator (informed by the Get Britain Workin8 Again White Paperl. Healthwatch Sheffield Over the past year Healthwatch Sheffield have unlocked the power of people's voices, as experts in their own care,. shaping public services. In July 2024 we published the annual Healthwatch Sheffield report for 2023-24. However, a significant area of work over the past 12 months has been the shaping, development and successful bid for the future delivery of Healthwatch Sheffield,. a contract awarded to VAS in September 2024 for 10 years. The model we've developed Is one which focu5e5 on Healthwatch as an anchor organisation for voice and influence in the city, connecting other5 and acting as an exemplar in thi5 work. Our highlights from this year include.. We were 5ucce55ful in securing £IO,QK)O in Brant funding from Great Places Resilience fund to do outreach work within the Wybourn and Richmond areas; based within the community centres in each area, we ran a series of sessions and events to support local people with navigating health and care services, linked with wellbeing activities and opportunities to connect with others. BHP LLP VOLUNTARY ACTION SHEFFIELD TRUSTEES'ANNUAL REPOR T FOR THE YEAR ENDED 31 MARCH 2025 We worked with SAYIT and other local VCS organisations to support involvement in a Healthwatch England national project to understand the experiences of trans and non-binary people in GP services, hearing the views of 73 people as part of this work. The team has had 2 medical students on placement,. they have been flnding out about people's experiences of sexual health service5 Wlth a particular focus on acce55 for young people in temporary accommodatlon hostels, working wlth providers including Roundabout and Sheffield Foyer. Project work in Tinsley has also been delivered- whilst hearing about people's experiences we have been able to connect indiv5duals to health and care services, and sUPPOrt organisations with issues such as access and booking for the local community centre. We hosted an event in February 2025 to launch the new Healthwatch 10-year contract,. partnerships were at the centre of the way we described our work, which wa5 well-attended by range of stakeholder5. SPRING Over the past year the SPRING partnership has provided a support network of aid and advocacv alongside people who have come to Sheffield to seek refuge and sanctuary, to ensure they can navigate, settle and contribute to the citv. SPRING is a partnership of Voluntary and Communlty support or8anisations'. Clty of Sanctuary, SAVTE, Sheffield Citizen5 Advlce, Solace and VAS. The main location for delivery of support is with our partner City of Sanctuary at their premises, but The Circle contlnues to provide an open door and inclusive space for meetin8 cllents. August Racist Riots Staff and partners of the SPRING partnership were at the forefront of the response to the August Racist Rlots with front line workers providing dlrect support and feedback to people in need. The Sanctuary organised an event in that week for professionals in the sector as well as an event only for people from the global majority to come tOBether In solidarity and take action against racSsm. The New Beginnin8S team had organised a summer Trlp to Brldlington for 357 people, Including SPRING clients and thls went ahead the week following the riots, which had a hugely p051tive impact on those who were able to attend. Complex cases This year has seen an increase in the number of complex cases and crSsis work as a result of ihe national housing crisis and capacity challenges within Sheffield City Council ISCCI. We have led some excellent partnership work where we try to mitlgate the increasing numbers of complex cases requiring advocacy and refugees rough sleeping on the street5 of Sheffield. This is desperate and distressing work. particularly for the staff and volunteers at rhe Sanctuary and for the Sheffield City Councll housing team who have limited capacity or sultable options for people in need. We have therefore developed additlonal support through.. Collaboratlve workshop to design shared approach to protectin8 Staff wellbeing. Working with Sheffield City Council to provide housing training for staff. Regular 6 weekly in-person meetings both for front line delivery staff and for strategic partners. BHP LLP VOLUNTARY ACTION SHEFFIELD TRUSTEES'ANNUAL REPOR T FOR THE YEAR ENDED 31 MARCH 2025 Impact Over the course of the last 12 months, SPRING partners 5UPPOrted a total of 728 people, up from 665 the previous year. Sheffield Autism Partnership Network Over the past year, the Sheffield Autism Partnership Network worked hard to make life better for people with Autism and ADHD in the city. Listening and learning We worked to establish new ways of supporting people waitlng for an ADHD assessment, alon8 Wlth NHS and SCC partners. Our team leader, Kdtle Diiiikwdl¥i, kJigs¥iile(J al tlie fii'st Soutl) Yorkshire Mental I lealth, Learnin Dlsability, Autism and ADHD board, All Age Shared Learning Event to talk about the self-identification toolkit which has been supported In development alongside SAANS, SHSC and Thrive by De518n. We held a learning event in February 2025 to close out the Autism Walting List Project from last summer and the final report has also been written up and shared with funders and diagnostic service - next steps are to format this into something more aesthetic for wider 5harin8 across the sector. me.ntal Healih Support We have been working with the Public Health team in Sheffield Clty Councll and the chalr of ihe Mental Health Partnership Nelwork to address the pxprp.ssed needs of the sector around supportin8 Aut15tic people of all aBes wlth sulcldal Ideations or attempts. We have developed a prolect plon to dellver robust training and provide a facilitated peer support network to a pilot group over the course of a year to give front line staff the tools and resources to hold people in that space, whilst a150 Strengthenlng their boundaries around when they're unable to support people and how to safely and confidently refer them to other agencie5. Work is now Starting on launching the Suicide Preventlon Project alongside the Director of Public Health's Office and the Mental Health Partnership Network, with the intent to open for applications at the end of March. We are shaplng £50k of investment to provide additional support through the sector. Developlng our learning, resources and shapin8 SUPPOrt for people wlth Lon8 Covld The Long Covid programme led by Healthwatch Sheffield and VAS has enabled organisations from a diversity of communitie5 to develop and share their co-produced Long Covid resources, with an estimated reach of 20,000 people across the Citv. A multi-agency network has now been established involving both statutory and voluntary sector partners to co-ordinate a collaborative community that continues to develop and share information and resources to support people with Long Covld. A report on the findings from the Long Covid work has been published with recommendations for how services can improve way5 of working to better support people with Long Covid. An evaluation of the project has been completed - as a collaborative project involving a range of stakeholders, the learning from the work will be key to informing the approach of VAS and Healthwatch in future projects, as well as being a demonstrator model the value of partnership working. BHP LLP io VOLUNTARY AcfioN SHEFFIELD TrUS7FES'ANNUAL REPOR T FOR 7FIE YEAR ENDED 31 MARCH 2025 Food Cooperatives in partnership with Cooperation Town Now more than ever, there is a need to work collectively to face the challenges of modern society. This was the thinkin8 behind our partnership with Cooperation Town to support the development of food cooperatives in Sheffield. Our work commenced in November 2023 and so we are now reviewing 18 months of activity. Co-ops are nothlng new and in almost every culture there are examples of communities pooling resources to help each other. How it works Each cO￿p has around 20 people and need5 3 things to operate. al A group of people with a connection to a specific area or common theme. bl A venue where people can receive and distribute food. l A food supply which enables members to 8et 8ood quality food cheaper than at the shops. Live Co-ops We now have 6 community Food cooperatlves set up across Southey, 8urngreave, Firth Park and FI￿ale. We have developed a partnershlp with Fareshare Yorkshire to receive I tonne of surplu5 food per week to be shared between new cooperatives as we develop more. We have worked wlth Fareshare to prioritise the provislon of food that Is affordable, nutrltious and culturally approprlate. We have secured phase 2 fundin8 from the Public Health team in Sheffield City Council; a further 12 months of fundin8 for the Coop Organiser role and additional seed funding to explore the development of food supply and a550ciated community organising. BHP LLP li VOLUNTARY ACTION SHEFFIELD TRUSTEES'ANNUAL REPOR T FOR THE YEAR ENDED 31 MARCH 2025 Priority Two: Supporting leadership and capacity in communities and the voluntary sector State of the Sector- understanding needs and challenges Throughout 2024 we worked in partnership with the SY ICB VCSE Alliance and colleagues from Sheffield Hallam University to carry out sutveys and Charity Commission research into the voluntary sector in South Yorkshire. We jointly published a report of findings on the reported value and impact of the Voluntary Community. Social Enterprise and Faith Sector in South Yorkshire in October 2024. The full report is available on our website, but there is a very useful infographic about the Voluntary Sector in Sheffield set out below.. VCSE value and impact: Sheffield How m•n Sheffleldl VCSÉ •rynlwtloni ar• th•f• In WhJt ar• lh• k•y Imparts of th• VC5E In 5￿ffield? Sup he •m )0 Total 3,379 ?..D3', ,Ir¢ dlp.rruslr¢ Pai￿1parI0 stortd wollboing Advo(ocy and lwartnèss and tralnirtg V•h•t •f• ¢*1• characieilstl¢J 01th￿• •rynls•llons7 804J ol rogiSltro¢J third 5Q£IOi Oigi)nisaiictns 1 Sh¢ffield abled p•ople128*1 peoplo who lire educ•tlonall or •(onoml¢•ll dlMd¥•nuyliig*1 youns peop •11 s*1 con7niunilitth txpeficncmx r4tl•l In•qulty11441 ald•r p•opl•114%1 Who else do VCSE ors•nlsatlon$ work wlth? VCSE or lllsalions aro smaller li) silo. wlh around Jlf b￿rt mlcr• lun(l¢f £IOk Ineomei or •malliÉlOk.É Ookl ilow •r• t•i•y iund•d7 VCSI. u8Jn150110ns T¢. Another trustee, Siobhan Laird. Is also a trustee of Sheffield and Rotherham Wildlife Trust who received a £1,000 grant for a Green Sotlal Prescribin8 project12024'. £nill. Durlng the period, trustees made no flnanclal donatlon5 to the charltv 12024.. El,0(￿) VAS Chlef Executive. Helen Sims, Is a non-executive Director of South Yorkshire Climate Action which received no fundin8 in the period12024.' £1,450 lundlng from the Collaboratlve Conversatlons project). One member of the senior management team. Lloyd Samuels, Is a150 an employee of ZEST whlch received £10,000 In fundin8 from Communily Champions 12024.. £20.0271. Another member of the senlor mana8ement team, Hèlen Steers, is a trustee of Citlzens Advice Sheffield which received £116,036 from VAS as part of the SPRING consortium12024.. £181,720), Another member, Paul Harvèy, Is Co-chair of ASSIST Sheffield which received a £4,000 Reflectlve Suppoft grant12024.. £nill. The total amount of employee benefit5 received by key management personnel is £400,814 12024.. £382,562>. The Trustee5 consider key mana8emenl personnel to comprise.. Chief Executlve Officer, Dlrector of Operation5, Director of siratè8ic Partnerships, Head of Finance, Building5 and Facilitie5 Manager, Head ol Volunteefing, Head of Prograrnme and Project Inclusive Practice Development, Head of vcs Partnership5 and Opportunities. Healthwatch Chief Officer and SY-NC Strategic Lead. 14. P•n51on costs VAS make5 payments on behalf of employee5 into individuals defined contributions pension schèmes. The assets of these 5cheme5 are held separately from those of VAS in independently administered funds. The pension cost charge In the slaiement of financial activities represents contrlbutions payable by VAS to the funds and amounts to £74.32612024'. E77,8841. £5.085 of the contribution5 in 2025 related to thè deficit on the Pension5 Trust scheme (see note 27112024.. £6,102). ContribLtrtions of £7,958 were dup at the year-end12024'.E8,9551. 49 VOLUNTARY ACtION SHEFFIELD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 15. Taxation As a charity, VAS is exempt from tax on income and 8ains falling Wlthln the available tax exemptions to the extent that these are applied to Its charltable objects. No tax char8e5 have arisen In the Charlty. 16. Tan8lble assets LonB Leasehold land and bulldin8 Computer equipment Other fixtures Total Cost At l AprS12024 DSsp05als 4,305,888 30,540 177.963 4.514.391 At 31 March 2015 4.305,888 30,540 177,963 4,514.391 Depreclutlon At l April 2024 Charge for the year 2,432.888 31,000 30,540 177,963 2,641.391 31,000 At 31 March 2025 2A63,888 30,540 177,963 2,672,391 Net 8ook Volue At 31 March 2025 1,842.000 1,842,000 At 31 March 2024 1,873,000 1.873.000 17. Debtors Debtors lalllni due wlthln one year 2025 2024 Trade debtor5 Prepayrnents Grants receivable Other debtors 82,694 21.667 1,509,615 190 202,356 19.583 20,842 195 1.614,166 242.976 50 VOLUNTARY ACTION SHEFFIELD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 18. CredltOfS.' amounts falling due wlthSn one year 2025 2024 Bank loan Pension scheme deficit contribution5 Trade creditors Accruals Deferred income- Income received in advance (see note lal below) Tax and social security Stall holiday accrued 87.215 3,806 59,342 131.677 27,745 26,009 21.775 80,767 4,988 27,657 104,542 23,875 24,408 18.152 357.569 284,390 The bank loan is secured on freehold land and buildin8$ of the cornpany over 10 years from Februarv 2018, at a rate of 3% over Unlty Trust Bank's base rate, 5ublect lo a mlnlmum rate of 3%. lal Oeferred Income.. Tenant rent dep051ts Contract Income Other 15,632 11,671 4142 16,754 6,679 442 27.745 23,875 19. Credllors: amount5 falllng due after more than one ye*f Z025 2024 Bank loan Penslon scheme deficit contrlbutions 195,745 282,997 6,861 202,606 282,997 B*nk loan maturfty analysls: In less than one year In rnore than one year but not more than two years In rnore than two years, but not (nore than five years 87,215 80,767 94.166 86.997 101,579 196,000 281,960 363.764 See note 27 fow detalls of the pen51on deficit payments. 51 VOLUNTARY ACTION SHEFFIELD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 Restrlcted funds Balance at 01104124 In¢ome Expendlture Tran51ers 8alance at 31103125 Core Suppori Services Thriving VCF Group Collaborative Conversations 25,470 5,3SO 20,120 990 990 3,285 14,000 5,339 23,614 3,285 12,500 Voice & Leadership Cohesion Sheffield 10,000 I9,c￿oI 2,500 5,339 28,949 35,470 21,135 19,0001 Volunteerlng Volunteer Centre Refugee & Asylum Seekers New Be8lnnlngs project 3.670 554 1,280 2,944 66,436 160,904 9,698 240,708 174,416 187,276 124,lJl 2,041 314,748 53,576 Communbty Maker5 7,657 11)0,930 174.970 Health and Wellbeln8 Healthwatch 40,090 7,844 37,313 19,585 84.290 44,065 58,480 68,306 SS.093 26.404 32,366 49,227 15,849 11,231 10,909 45,S19 85,063 VCS Infrastructure support VAS Long Covid People Keepin8 Well Autlsm support Move More Empowering Communitie5 44,300 So,￿0 14.000 69,070 80,308 69,070 131,552 3,693 1,229 8.445 159.254 604,639 Diabetes Action Hub 51,244 9,372 Changln8 FutUTes This Is Us 5.679 1,443,771 38,837 11,402 1.668.260 1,445,000 47,282 Better Support Health Education England 170,443 420,181 1.838.505 213 14,213 Tralnln8 ¥nd Development Lunch Club Relerral Service Development Team Emerging Leaders Prctgramme Food Network Co-ordination 28,188 120,023 50,000 29.338 102,000 26,045 127.068 14,002 27,972 98.732 54,356 348,175 2,143 3,000 4.045 35,998 35.000 33.466 113,759 72,052 222,277 168 Shared Prosperity Fund Holiday Activilies and Food 117,027 17,696 207.864 329,549 4,213 Partnershlp Prolert5 SPRING Sheffield Youth NeiBhbourhoods and Comrnunities ISYNC) 333,201 415.0 429,190 15,0001 314.011 228,967 125.160 540.160 208,417 637,607 145,710 459.721 562.168 15,000 1,468,948 2,918,654 1.926.304 4,426 2,465,724 52 VOLUNTARY ACTION SHEFFIELD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 20. Restrictèd funds Icontinuedl Prior Year restricted funds- for comparlson Balance Income Empendlture Transfefs Balance 0ty04123 at 31103124 Core Awards Ceremonv Thriving VCF Group Collaborative Conversations Voice & Leadership Cohesion Sheffleld 2,053 990 3,725 5.778 990 33,875 14,000 6,131 57,049 30,590 20.000 792 3,28S 14.000 5.339 23,614 10,000 10.000 13,725 57.160 iOJM)O Volunteerlng Volunteer Centre Refugee & Asylum Seekers New Beglnnlngs project Communlty Champlons Communlty Maker5 3,860 190 3,670 57,320 73,542 10,064 144,786 115.084 315,4¢)0 14,290 454,774 105.968 228,038 24,656 358.852 66A36 160.904 9.698 2410.708 Health and Wellbelni Healthwatch VCS Infrastructure support VAS Lon8 Covld People Keepln8 Well Autism support Move More Empowerin8 Communities 70,779 129,854 78,238 12.489 76,293 58,900 53.500 89.589 175,510 40.925 37,204 88.364 40,090 37,313 19.585 84,290 44,300 96,361 9,919 107,957 25.000 20,000 415,937 9,919 126.709 16,044 92,557 676,821 Diabete5 Actlon Hub 69,996 416 51,244 9,372 170.443 420,181 ChanglnB Future5 Health Education EnBland 243,000 681.065 Tralnln8 and Oe¥elopment Lunch Club Referral Service Z8.188 132,342 32.091 163,644 41.867 16.241 78,222 332,065 3.903 23,111 6.333 Development Team Food Network Co-ordination 11,191 69,000 20,000 150,259 250,450 3,000 33.466 113,759 72,052 222,277 Shared Prosperity Fund Holiday Activities and Food iio.000 15 270.545 33A47 Partnershlp Prole¢ts SPRING Sheffield Youth Nelghbourhoods and Cornmunitie5 ISYNC) 21,953 1,096,914 782,041 13.6251 333,201 294,733 236,203 316.686 1.333.117 283,969 1.066.010 18.000 21,625 228.967 562.168 1,450,036 2,488,098 2,490,908 Zl.722 1068,948 53 VOLUNTARY AcfioN SHEFFIELD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 Restricted funds Icontinuedl Core FundinB to support core runnin8 Costs. All of the other restricted funds relate to specific projects beinB undertaken by VAS. The project5 are shown separately, but cate8orisÈd into the main activities of VAS. Details of many Of these prolects are 8iven In the Trustees. Annual Report. Those restricted projects that are belbeved to need further narrative to explain what servbces they provide are detailed below. More information can be found on our website Iwww.vas.org.ukl. Pro Heafthwotch 5hellleld Established l April 2013 as parl of the Government health reforms, to strengthen the patient, service user and public voice in shapln8 health and social care servlces. Gives cltizens and communities a stron8er voice to influence and challen8e how health and social care service5 are provlded In their locality. SPRING A collaboratlon of six or8anlsaiions helplng refugee5 Settle Into the local community. It15 funded by the Asylum Mlgratlon and Iniearatlon Fund. Changlnq Futures A 8overnmeni funded programme alming to improve outcomes lor adults experiencln8 multlple dlsadvanta8e- Includlng combinations of homelessness, substance rni5use, mental health Issues, domestlc abuse and contact with the criminal justice system. Communlty Maker5 A prolect funded by Arts Councll En8lartd Ivia 18nile Imaginations) to promote volunteerln8 Withln the creative arls seclor In Sheffleld. Colluboratlve Conversotlons Thi5 project alms to create a common way of having meaninglul conversatlons about what happens in our city. This will support Itxal people to collaborate on decislons that affect thelr Ilves and create actlon that really matters. Sh•redProsperlty Fund A three-year government funding stream that replaces European structural and Investment Funds. The fund aims to improve pride in place and increase life chances across the UK by Investing in communities and 5upportin8 local businesses, people, and skills. 21. Transfers between funds There were transfers of £4,426 between restricted and unrestricted funds durin8 the year 12024.. £21,722). These represent unrestricted funds applied to restricted projects. 54 VOLUNTARY ACTION SHEFFIELD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 21 Designated funds The unrestricted funds of the Charity include the followinB designated funds whlch have been set aslde oui of unrestrlcte(I lund5 by the Board of Trustees for specific purposes:_ Balance at 01.04.24 utllls*dl New reali5ed Oeslznatlons Balance at 31.03.25 Trin5fer5 Fixed asset5 1,504,248 44,125 lJ48,37J Con50rtium Service funds 14,225 114.2251 IT infrastrutture and equipment fund 15,030 14.5461 10,484 Healthwatch 20.399 20.065 Clrcle Redevelopment Fund 4,099 14.099) 56.500 56,500 1.558,001 114,2251 18,6451 120,690 1.655,821 Prlor Year de51Bnated funds-for comparlson Balance at 01.04.23 Ut1115edl New r••llsed Des1￿¥170nS 8•l•nce •t 31.03.24 Tr•n5fers Fixed a55et5 1,456,554 47,694 1,504.248 Consortium Servite funds 14,225 14,ZZ5 IT infrastructure and equipment fund 20,387 Healthwatch 31,048 {12,8751 7,518 15,030 110.6491 115,8341 20J99 Clrcle Redevelopment Fund Strate8lc Revlew fund 19,933 4.099 12,000 I12.￿0) 1.554,147 151,3581 55,212 1.558.001 Flxed assets are fund5 which represent the net book value of the fixed assets l£1,842,OCK)I less the amount outstanding on the mortgage relatln8 to the bullding1£282,9601 and the amount committed to ellminatlng the deficit on the pension fund I£10,6671. See note 27 for more details of thè pension deficit payment5. Consortlum Sehvlcefvnds are funds donated to Voluntary Actlon Shefflel¢J by Sheffield Cubed as part of the agreerrent to transfer a significant proportion of their undertakin8S to VAS. The Board have decided to un-designate these fund5 to reflect the partnership work already done by VAS. ITlnArqstrurture undequlpmentfvnd is a fund to cover ihe cost of new/updated databases identified by the Trustees as required to improve the communication facilities at VAS. He•fthwat¢h is funds Set aside to cover additional staff costs for the HÈalthw3tch function. Clrcle redevelopmentfvnd is a fund set up to cover the c05t of developing facilities at The Circle in order to continue to attract rogm hire cu5torner5. 55 VOLUNTARY ACTION SHEFFIELD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 23. Analysis of Charity funds balances between net assets as at 31 March 2025 Unrestrlcted Funds De5i8nated Funds Restricted Funds Total Funds FSxed asset5 Current assets 1.84Z,000 107,448 191,0211 1,842,000 1575,$07 3.232,659 1109.7831 1357,5691 549,704 1156.7651 Creditors.. amounts fallln8 due In rnore than one year 1202.6061 1202,6061 392.939 1,655,821 2,465,724 4.514,484 Prlor Year analysls -for comparlson Unrestrlcted Funds Deslgnated Funds Re5trlrted Funds Total Funds Fixed assets Current assets 1,873,000 53,753 185,7551 1,873,t)00 1,564,300 2,109,747 195,3521 1284.390) 491,694 1103.2831 Creditors.. amount5 falllnB due in more than one year 1282,9971 1282,9971 388,411 1,558.001 1,468,948 3,415.360 24. Stat•m•nt of movement on unrestrlcted reserves General Des1￿•ted reserve reserves Balance ai i AprS12024 Net movement In fund 308,411 4,528 1,558,001 97.8ZO B•lan¢e at 31 March 2025 392.939 1,655,821 25. Obligations under operatSni leases Af 31 March 2025, the total of future rninimum lease payments under non-cancellable operatin8 leases for each of the followlng perlod5 are as follows'.- 2025 2024 not later than one year later than one year and not later than five years later than five years 1,588 132 1,588 1,720 These payrnents relate to two photocopSers at The Circle. 50 VOLUNTARY ACTION SHEFFIELD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 26. Commitments As at the year end. VAS had capital commitments outstandlng of £nll12024.. £nill. 27. nsion cost5 and liabilitles SCHEME: TPT Retlrement Solutlons-The Grovrth Plo VAS participates in two pension schemes- a deflned beneflt scheme and a defined contribution Scheme. Thev are both with The Pension frust ITPTI and are part of their Growth Plan Scherne. The defined benefit scheme is closed to new member5 and to the accrual of benefit by exlsting members. The only payments to Ihls scheme therefore relate to the funding deficit, details of which afe Blven below. Deflned Contrlbutlorh Scheme For the denned contrlbutlon scheme. VA5 paid contributbons at the rate of 6% durin8 the accounting period and members paid contributions at rates between 1% and Il% durin8 the accountln8 perlod. As at the balance sheet date there were 4312024.. 461 actSve members ol the Plan employed by VAS. VAS contlnue5 to offer membershlp of the deflned contrlbutlon scheme to its employees. Deflned Bentflt Scheme The deflned benefit penslon scheme that VAS partlclpates in Is a multl-employer scheme which provides beneflis to some 521 non-assoclated participating ernployers. It15 not Possible for VAS to obtain sufficient information to enable it to account for the scheme as a defined benefit scheme. Therefore it accounts for the scheffle as a deflned contrlbutlon scheme. The scheme Is sublect to the fundSnB le8lslatlon outlined In the Penslons Act 2004 which came into force on 30 December 2005. Thi5, tO8ether with documents 155ued by the Pensions Regulator Technical Acluarial Standards issued by the Financlal Reporiin8 Council, set out the framework lor funding defined benefit occupational penslon schemes in the UK. The scheme is classified as a 'last-man standing arrangement,. Therefore the company is potentially liable foT other partlclpatlng employers, obligations il ihose employers are unable to meet their share of the scheme deficit followin8 Withdrawal from the scheme. Participating employers are legally requlred to meet thelr share of the scheme deficit on an annulty purchase basis on wlthdiawal from the scheme. A lull actuarial valuation lor the scheme was carried out at 30 September 2023. Thls valuètlon showed assets 01 £514.9m, liabilities of £531.Om and a deficit of E16.Im. To eliminate this fundlng shortfall. the Trustee has asked the participating ernployer5 to pay additional contributions to the scheme as follows.. Deficit contributions From l April 2025 to 31 March 2028.. £2,100,000 per Ipayible ffjonthtyl Unless a concession has been a8reed with the Trustee the term to 31 March 2028 applles. 57 VOLUNTARY ACTION SHEFFIELD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 27. Pen51on costs and Ilabllities l¢ontinuedl Note that the scheme's previous valuation was carrled out wlth an effective date of 30 September 2020. This valuation showed assets of £800.3m, liabillties of E831.9m and 3 deficlt of £31.6m. To eliminate this fundin8 shortfall, the Trustee asked the participatin8 employer5 to pay addltional tontributions to the scheme a5 follows.. Deficlt contrlbutions From l Ayil 2022 to 31 January 2025.. £3.312.000 per annum Ipayable monthly) The recovery plan contrlbutlons are allocated to each participatln8 employer In Ilne wlth Ihelr estimated share ol the Series l and Serles 2 scheme Ilabllitles. Where the scheme is in deficit and where the Company has agreed to a deflcit fundlng arrangement the Luriiydllv I¥LUiII)1S¥S a lièbility lor tlils obli8atioii. The amount re¢ts8nised is the iiet present value of the deficit reductltsn contrlbutlons payable under the agreement that relates to the deliclt. The present value is calculated usin8 the discount rate detabled In ¢hese dlsclosures. The unwlnding of the discount rate is reco8nised as a finance cost. When an employer wSthdraw5 from a mulii-employer denned benefit pension scheme which is in deficit, Ihe employer Is required by law to pay it5 share of the deficit, calculated on a stalulory bas15 (known as the buy- out ba5isI. The calculation basls that applles to the Growth Plan wa5 amended due to a change In the definltlon of money purchase contained in the Pen5ion5 Act 2011 and therefore Series 3 liabilitie5 have to be included In the colculatlon of an employer'5 dobt on wlthdrawal. VAS has been notified by the Pensions Trust of the estlmated employer debt on wlthdrawal from the Plan based on the financial position of the Plan a5 at 30 September 2024. As of thls date, the estimated employer debt for VAS was £72,07512023.' £67,23SI. The present value of the deflclt repayment provi51on and the rates of dlscount used are as follows.. 31 March 2025 31 March 2024 31 March 2023 Present value of provision 1£) 10,667 4,988 10,677 Rate of dlscount (% per annuml 5.31 5.52 58 VOLUNTARY ACTION SHEFFIELD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 27. PÈn5ion fosts and liabilities Icontinuedl Reconclllatlon Irf open5n8 and c1051nK PTovlslons 2025 2024 Provlslon at start of perlod 10.677 UnwindSn8 of the dlscount faclorl impact of any chan8e in assurnption5 Deflcit conlributlons pald Impact of chan8es in a55umptlons Amendments to contribution schedule- revised recovery plan iyi IS.0851 68 10,564 409 16.1021 Provlslon at end ol perlod 10,667 4,988 DIKlosed as credltor5: Due in less than one year Due in more than one yeai 4,988 6,861 10.667 4,988 59 VOLUNTARY ACTION SHEFFIELD TRUSTEES. ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2Q24 APPENDIX A- ORGANISATIONAL STRUCTURE 2024125 as at 31.3.25 Board of Trustees Audit and Rlsk Committee He81thwalch Advlsory Board ChSef Executiv8 Dlreclor of Operallons Director of Slr¥leglG Partnershlps Hèad of Progr8mm8 and Projèct Inclusivè PractlC8 Developmenl Heallhwatch Chlef Offlcer He8d of Volunt88rlng SY-NC Str8109lc Le8d Head OIVCS Partnorshlp8 and Opportunllles Head of Facllllles Hgad of Flnance Cornmvnic81ion ManwJer Offlce ond HR Manager nd team Health and WellbeiNJ Tèam He8llhwalch T68m SPRINGI New Beglnnlngsl Volunteer Centre SY-NC Team The CSr¢le recepts'on and services team Payroll Servlces Development Team- Lunch Clubs, workforce (J8velopmenl & training