VOLUNTARY ACTIOPI- LEEDS Charity Regisira No. 225863 rnpany Registration No. 555150 TRUMW REPORT AND FINAI4CIAi STATEMENTS Forthe year ended 31° March 2025 11111 •AECC*¥zx• 0211012025 COAN1Es HOUSE 111 A10
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VOLUNTARY AcnoN- LEEDS Annual report attd financ6al Ststents forthe yearended 31" Marth 2025 Contents Pale: Legal and adminisiraiive infom)ation Report of the Trustees Statement of Trustees. re5pon5ibilrtie5 io Report of the independent autlitors 13 Consolidated statement of finantial artivities (incorporating StatOry income & expenditure account) 14 8alanct shtèts Is Cash flow statement Notes to the financial statements
VOLUNTARY AcoN- LEEDS Legal and admlnistrathte Inforn)aii¢ IAEsY5 ANCurt C N Holkn"ns Iwesigned 14th Febty 20251 P LaTrdÈv WTareen E BafTOW Iresigned 25th Septernber 20241 C Ineson Sjose R Londo J E Twlin l Topham.Whilton SJ Rogers E Holmes A M Edwards R E Robinson Itwned 14th A4ust 20241 2 Surty (appointed 25th SepternbEr 20241 N fvaThklin ¢re8Thed 315¢ March 20251 S Ckirke lappointed 25thSeplember 2024. re5vdned Ilth November 20241 G Brirtu%lapFoinied 25th September 20241 H BailtylChf Officer- resigned l7thJU 20251 Csawyev IStrattgK Finance ma8trI COMPANYSECRETARY L Green laFwinted 17th1Y 20251 REGISTERED OFHCE sIMer Hse 34 Lumon Street Leeds LSIO 2QW REGISTEREDCOMPA14Yf41JMBER 555150 IEnEknd and wa$) ltEGISTEREDCIIAR 14VMBER 225863 INOEPENDEKf AUWORS Thomas Cmb$ Lwnited Statutory Avdiior Charteted Actountarts 3365 The PentaEon Cewuryway Thorpe Park WestYorkshir* LSIS 828
VOLUNTARY ACnON. LEEDS eport of the Trustees forthe year tndtd 3191 Mar<h 2025 The trustees who are also dirertors of the tharityforthe purposes of the Compart$ Act 2¢Th, present their report with the nancial statemenrs of the charity for the year ended 315t March 2025. The trustees have adopted the provislons of A(counriTrg and Reporting by Charities_. Statement of Recommended Practice applicable to charities preparing theiraccounts in accordance with the Financial Aeportln8 Standard applicable in the UK and Republic of Ireland IFRS 1021 leffettive l January 20191. OBJEcrrvES APID ACTNMES Obje¢tNes and adivities for public benefrt VA-L receives funding from Leeds City Countil and other statutory bodies a5 well a5 from trusts and other charities frorn time to time. It generates other revenve by social enierprise activities (sellin8 certain servKes and productsl. by project management activity on behalf of statutory bodies. and by membership fees and individual donations. The objects of the charity. as defined in the MemmDdum of Association. are: To promote. asstsi and encourage social servitt and all orany purp05esfor the benefft of the community in the ctty of Leeds which now are or hereafter may be deemed by law to be ch3ritsble In panicular by assistinzthe workof Statutory AuthorItS and Voluntary Or8anisation5 eaged in ad¥ancin8 education, Ihe furthering ol health. relieving poverty. distress and sickness orin pursuing any object which now or hereafter may be deemed by the13W to be Charitae. Voluntary Action- Leeds exists to support and build the capacity of othervoluntary. community and social enterprise IVC5EI or8anisations in the Leeds area. To this end we provide a variety of services and resources. These include training, volunteering lincluding broker1 developmeni and supportl. fundinK ènd govevDance advice. a communications service (including website. information Service. an electronic newsletter and marketinglpublicrty support). a payroll 5trvice. facilitation of strategic repre5entaiion and eneagement (both overall and within thernatic groupings e.g FundinL Children. ete.) and management of a range of projeus which fit within our overall a5. Ourwork encompasses all four of the nationally deflned key lunctions of infrastructure. narnely leadership and advocacy, partnerships and collaboralion, capacity building and (support for) volunteering las set out by the National Association for Voluntary and Community Action- NAVCAI.. We have been offering these and sirnilar service$ since 1945. and we are an ackn¢)wledged sourte of support and infomiation for and on the third sertor in Leeds.
nifitant activities
Voluntary Action Leeds 15 in the second year of delNery agwnst our refreshed trrÉanisational strategy. Our vision ts that there is a thriving voluntary and community sertor in Leeds. which works with comrnuniiies io enable positive social attion. Our mi5S10n 15 to strengthen and Champion groups. oryni%atlON5 and movements to lead on achieving posirive social than8e. Our strategic priorities a as follows-. Working toenable voluntary and communitygroups and 00an10Ths to be sustainable. r¢siltent anfl well-led. Providing platfofms forthe voice of voluntsry and community groups and oryanisatii)ns to be hearly and have influence. Championin8 community-led acti¥4ty and solutions across the crty. Maintsining the stabilrty of our own orynisation so we tan continue to delNer our prioriiies. These are explained in more detail in achievement and pertormance. section tsf the Reptsrt tsf the Trustees.
VOLUNTARY Acnoi4- iEEDS Rtport of theTN$tees for the ye•rended 3111March 2025 Icont•Trued) ACHIEVEMENT ANO PERFORMANCE Chalrs Comments The report highlights the si8nrficant athievements, and chalenges. that Voluntary Action Leeds has naviKated in the last year. The year has been one of growing our partnership working and strengthening our collaborative approach, to face the fbnancial challenges that we have been presented with. Our trusted. well-established relationships across West Yorkshire. with the L¢xal Authority with statutory or8anisations and funding bodies have enabled us to retsin the stability and resilience required to support the seuor. We are fortunate to have a dedlcated and dynamic workforte of staff and vdunteers that are committed to our member organtsations, the network5 we 5UPPOrt and the eommunities we serve. The snIfIcant activities sertiOA of the Trustees report highliEhts some incredible work that has been achieved in the last year and 5ummarises how we have delivered on our strategic objectives.
VOLU14TARY AlON- LEEDS Report of the Tru5tee5 forthe year ended 31° Marth 2025 Icoffllnuedl Significant Artfvltks Our Serylces Durin8 2024125 our core infrastructure seNces constituted a significant elernent of our daY-tdaY delivery. outlined in further detail below. Over the course of the year. we have a150 Priortlised devekpinB lationshipS at both regtonal and local level with key partner or8anisations to proart%¥ely explore opportunitie5 to respond to an increasingfy challenging operating environment. This includes developin8 our collaboration with fellow infrastrvcture support or8anisation5 across West Yorkshire with support and facililation from NAVCA. as our national umbrella body. At a local level. our ongoln8 Joint work with Leeds Older People's Forum and Vol[tn Itollettively known as Fonjm Centrall h35 continued. with several joint projects including a jointly commissioned re¥iew of VCSE infrastrutture support in the cty, an update to the biannual State of th Sector report Idue for publicaiion summer 20251 and work to develop ihe Doin8 G1 Leeds website as a joint resource. A brief description of our full ran8e of ser¥ices is induded below. broken down by team. then individual seryice I projert.. SUPPORTING ORGANISATIONS This team aims to provide SlbPPOrt to indwidual VCSE organisations throLh a package of strvicts= Group Support Provision of one-to-one support {e.& fundraising and govemarKe advice) to VCSE 8roups in Leeds. Trzinlng Provision of relevant training linked to the prioririe5 of VCSE organisations in Lteds. including bursar$ Ipaid from reserves) for groups with an annual income of below £20.(M)O per year. Over the course of the year our trainine offer has been boosted through investment from the WY Power of Communities fvnd l¥ia Forum Centrall and Welcome Spaces fundin& enabling small groups to access relevant training and support at no cost. Volunteerln8 Management of Volunteercenlre leeds based in Kirkgate Market. which matihes indiwduals ro volunteering gpportunitie5 and provide5 and advice and supporr io organisations in finding and working with volunteers using a range of methods including online (via the Be Collectrve platforml and outreach tornmunities. We also facilitate and supwrt the Leeds Volunteer ManaBers Ntyi¢xk, which enables people working with volunteer5 to come toÉether. share best prartice and jointly Shape 501utions. Over the course of the year we have worked to implement key elernents ol the cityide Leeds Volunteering Strategy. includinE developing a suite of induction training in partnership with teeds University and developin8 the VolunteerTeam Leeds identity and brandingwith Leeds Crty Council.. We also have several discreet. time limited project5 Within the Volunteei)e Team includin6'. Amicable- a positive legacy of the Giving Time project. which sUPPOrted those managing criminal histories into volunteerin& the Amicable projert continued over the course of the year. Working with academic researchers from the Untversity of York we have applied the learning and approaches developed through the Giving fime project, with infrastructure partners in Cheshire. Doncaster and Durham who were supported to develop volunteering projects centred around peer-tO•peer mental health support within the prison estate. Community Champlons - originally developed during the pandemic to support volunteers in the CItS diverse communitie5 to deliver accurate, posittve and up to date health message5, this project has received renewed funding and 15 now focu5sin8 on vaccinations across the life course {funded by LCC Publit Health and delivered in partnership with Forum Centrall. Research and evaluation Leadin8 on the production of Communibased research. working wrth a range of partners including Leeds City Countil. This developing service Continued to expand its portfolio of projects and support to the sector in 2024125. including leadin8 on the analysis of the Leeds Community Anchor Network's first citywide listening exercise and SUPkM)rting the Leeds Arts Health and Wellbein8 Network ILAHWNI with researth inio the creative health sector in the city lin partnership with Forum Ctntrall.
VOiUNTAIIY ACTION- LEEDS Rèport of the Trustees forthe year ended 31" Mar¢h 2025 Iwntinued) 100% Digital Ouring the course of the year we have worked with Leeds City CourKs ICJ% Dyital Team to delNer digital inclusion initiatwes in the city. Wlth a focus on working wth community centres to increoe their digital capabitity and confidence Ifurtded through UK Shared Prosperity Fund). SUPPORTING THE SECTOR This team airn5 to support the VCSE settor strattgitalty through a package of support includine: Thlrd Sertor Leeds (TSL) Supporting the VCSE Assemb for Leeds. 4rvin8 the VCSE a unr(ed voice and Influen at strategic level- over the coursè of the year, T5L have foeussed iheir efforts on delivery against the new Third Sector Strategy for the city. launched in late 2023. Taking a Steer from TSL'S wider membership, over ihe course of the first year we ha¥e focussed on social value, commissioning and partnerships. Leeds ACTSI Supporting Academic Collaboration with the Third Setior IAcfsii thr(MJ8h buildin8 relationships between researchers, charilies, voluntary and community organisationsto fosterint workin8 for the btntfft of the tommunities of Leeds. letds CommunltyAnchor Network ILCANI The work of LCAN continued to Stngthen over the course of the first full year of Lottery investment in the Network. The activity of the Network included delivery of the first citywide listening exercise lincluding additional UKSPF investment from LCC for additional work in ihe civs sbx priority wards). delivery of the Neighbourhood Matching project lrnatching volunteer hours with funding for soeial action projects) alongside dimribution of the Household Support Fund and coordination of the third round of the Welcome Spaces proeramme across the uty durinethe autumn 3nd winter months. Leed5 Cuhurally Dlverse Hub Supporting the forum of groups. organisations and people from Culra1 diverse communities tackling ratial inequalities. A key role for the Hub ts to act as a critical friend to Leeds City Council 3nd other key stakeholders, providin8 feedback on services and proposed development5 along with solutions and new ideas. leeds Crlmt RuCtIon Network Supporting ihe forum for organisations working to support both theviclims and perpetrator5 of crime to help create safer tommunitie$ by dlscussing shared issues and devebpin8 shared solution5. Young live5 Leèds IYLiI Supporting the forum of VCSE ofeanisations that work with children and young people in Leeds. providing strategK representation. influence. information and support to the VCSE. CHmate Acilon Leeds Leading a partnership of six organisations in a five-year. £2.Sm programme aimed at creating a zero-carbon. nature friendlv. socially just Leeds by the 203tys throuah supporting communities to undertake artt¥ities to reduce the negative impacts of clirnate change. city movement building and sector and campai8n supporL OPERATIONS Administration and Building Management A package of services1rn0stly chargeable) offeretl to a range of customers including-. Grants Management- administering grants pots on behalf of funders lÈ.g. Leeds City Council and Wades Chadtyl. VAL Membefship Ifreel- Buiding the dirertion of VAL'5 work and keeping us accountable. VAL E55entia15 - a paid for packa8e of discounts and offers tiered accordin8 to organisational income le.g. training, payroll. job advert15ing.I Room Hire- hire of meeting rooms I space at strieT House
VOLUNTARY ACTION- LEEDS Report of the Tru¢ for the yearendtd 31° Mawth 2025 Itont¥nuedl Administratlon and Buildiry Managèment Icontlnued) Tenancy- rentln8 twt space in Stringer House on a longer-term basi5 Communlcatl¢)Trs Provision of a packa8e of communication5 and marketing 5UPPOrt induding gUlar e-newslettefs, socjal media, design, tiainin8, and information. We also manage and maintain www.doin oodleeds.o .uk which is the social action portal for Leeds. Payrol Provision of a comprehe1¥e payroll service for VCSE organisatiOAS in Leeds and beyond. RecrUIthTht seThke Provision of an end-ttrend reuuitment Servi forVCSE ooanisations in Leeds. FINANCIAL REVIEW Prindpal lunding sources Core funding for Services work= Leeds City Council Citizens and Communities Development lfvndin8 for Small Group Development. Communications, Volunteering and Third Sertor Leeds and Culturally Diverse Hubl. Project funding- Leeds City Council Children's SeThices Department lfvndinB for Young Lives Leed51 The National Lottery Communily Fund ReèchinÉ Commun¢e5 {&¥1 firne Adult Project) The National Lottery Cornmunity Fund -aimate Fund Action Leeds Ctty Council- Housthold Support Fund Leeds City Cguncil-welcome Space5 Fund The National Lottery Community Fund- Leeds Conunity Action rthork Other project funding is detailed on note 4 of the financial statements VAL'S own income generatlon= Advertisin& 5ubsuiptlOn5. trniniwd coufses, payroll ser¥kes, etc Tenancy and Room Hire Trncome VAL Essentials fee5 Bank interest and investrnenl incorne. Invesiment Por The trustees have considered the most appropriate l¢¥for the in¥estrrent of fvnds and have decided to invest the frjnds that are unlikely to be needed in the short to medium term Icirca £240.CWI in an investment account with our stockbrokers- Redmayne 8entley- in the expectation of generating better return5 Over a S to 10 year ptiiod. Funds that may be required In the short io medium term but a noi required for immediate working capital purposes are invested in a COIF Charity Oeposit fund. Al 31 March 202S funds are In¥esied in a COIF char Deposit accoynL an investment account wr£h Redmayne Bentlev. In accordance th the Trustee Act 2(Q), the tr&sstee5 continue to review their investmènt policy to ensure that the maximum investment returns are achieved, whilsi not compromising the operational requirements and havinB regards to the acceptable level of investment risk. The charity looks to invest its funds ethically in accordance with our and objectives to8etherwth sensitr¥ity to Soctal and environment issues.
VOLUNTARY Acn014- LEEDS Report oftheTrustees for the year ebd 31" Marth 21)25 l¢ontlnuedl Review The linancial statements comply with the Companies Act and the Stateffnt of Recommended Practice on Accounting by Charitie5 and the cofiditions in ihe Company's Memorandum and Articles of Association. The movement in funds is shown on the Siatement of Financol Attivibes on page IS. The financial results of the Charity are shown in the annexed Finawal statements. The sUrpS of total income over total expenditure and losses on investments was £151,77112024 deficit: £296.9131 for the year. Overall Charity Income in the year was £2.981,30212024= £2,543,506). Overall expenditure on Charitable artivities in the yearwas£2.828.77212024: £2.851.7661. Ofthis £1.356.95612024.. £1.524.7961 relatesto partner organisation pas5 through fundingc05tsof whith Thistly related to the Household &Jpport Fund and Welcome Spaces fund. Tradlng Syb51dtsry The wholly owned subsidiarycarrieson the business of the provision of the payroll bureau seNces and other income Beneratin8 activities. The company eeneraied a tradin8 profit of £36.86812024.. £20,899) which bi donated to ihe charity by Gift Aid. Restrves Pollcv The trustee5 consider it prudent to hold an adequate level of financial re5er¥e5 in order to enable the continuation of actiwtie5 in the event of a drop in fundin& t0311ow altemative fundingto besought.to enable the charity to take aoantageof any funding opportunities which might require an initial outlay. to demonstrate to potential funders that re50urce5 are being managed effectively. to meet cash Ilow requirernent5. meetcontractual liabilities shouldthe charity have to close. and to meet unexpected osts such as legal wsts. and staff cover for illness. maternity and palernity leave etc. In order to do this, the trustees consider rt prudent that unrestritted reserves should be sufficient to cover running costs for a minimum of 3 monihs16 months idealtyl and the amounis held as desi8nated ServeS. Based on the above policy the target level of reserves as at 31st Maith 2025 was £367.5Oo1£735.( ideally). The attual level of Iree reseryes was £459.812 together with designated fvnds of £50.IMI for a redurtdancy and restrurturing reserve. £lO.000 for buildin¥ and ITworks and tradin8 cornpanyfund5 of £41.4180. FUTURE PLANS Plans forthe Future As referenced earlier in the report. weare in thesecond yearof our refrethedthreeyearorganisational strategy, W"Ch coniinues to guide our on8oine direction. Over the course of 2024125 we have embarked on both a review and redesien of our Mana8ement stwcture, and a review of our Govemance arran8ements. 80th of these reviews have been prompied by a proactive recoEnition of the challenging environment in which the VCSE settor operates within and the need for us tts adapt to ensure that our infrastructure support offer and 5eFvices are fit for the future. Our new management structvre Iln place from I April 202SI will snclude dedicated business development capacrty and capability in recognition of the importance of generating income in our own right in order to reinvest in our core infrastructure support to the sertor in the city. A$ part of our plannin& we are also activefy exploring c105er collal)oration with infrastruaure partners in West Yorkshire and continuin8 joint workin8 initiative with key local partners. STRucfuRE. GOVERNAPKE AND MANAGEMEpir Governing document The charity is controlled by its Eovernine document. a deed of trust, and £onstrtutes a limited company* h'mited by 8uatsntee, s defined by the Companies Act 2)& The legal status of VoluntaryAction- Leeds is that of a Company Lirnited by Guarantee established in 1955. The company Is registered as a charity under The charit$ Att 2011 and is govemed by r(s Memorandum and Articles.
VOLUNTARY AcnoN- LEED5 Re of the Trn5teesforth• ¥earended 3111 Marth 202S Icontinud} Govèmont do¢Wt l¢ontinuedl At 31st March 2025 there were 321 members wh95e liability is limited io £1 eath in ihe event of the liquidation of the company. Details of the Trustees who have seNed duringthe year are listed on pa8e l. The dirertors of the charitable company are also its trustees for the purposes of charty law and sit on the Trustee 8oard. As Set out in the Articles of Association the directors are either appointed bytheTrustee Board durin£ the year or nominated at the Annual General Meeting. new appointments are subjea to approval by mernbers at the Annual General Meetin8. The Twstee Board shall be composed of individuals on a three year rotation selected for their abilities to manage and for the expertise and commitment they are able to 8ive to the company_ The Trustee Board shall be at least three and no more than ' eiehteen people. including up to S ctroptees. OrganisattDn•l stw<tsro VAL 15 governed by its board of Trustees Icomposition explained above). The Chief Offiter is atsswerable to the Trustee Bgard. There are three operational teams, Supporting the Sector. Supporting Organisations and Operations. These teams are he3ded by senior managers. who report to the Chief Officer and are responsible for the dayto day supervision of employees. Indu¢tlon and training of new trustees Trustees receive a full Trustee Handbook. which is updated annually. containing briefing5 on legal responsibilities. detail of the organisation's structure, work and plans. and"other relevani InformatH. They are offered an induction visit and discussions, and are required to complete a training needs audit form. a checklist to ensure that they have received all the information/trainin8 they need. and a trustee agreement and Code of conductfor board members. Key mana¢ement remunerallon The trustees tonsidei ihe board of trusiees. the Chief Officer and Strategic Finance Manager as comprising the key management personnd ol the charity in charge of directing and controlling the tharity and running and operatino the charity on a day to day ba515. All trustees 8Ne of their time freely and no trustee remuneration wa5 paid in the yeèr. Details of trustee expenses and related party transauions are disclosed in notes 9 and 17 to the accounts. Remuneration 15 based on Nationzl Joint Countil Local pay Brade xales. Trusiees are reqvired to disclose all relevant interests and registe¥ them with the Chief Officer and in accordance with the Charity's policy to withdraw from decisions where a tonflirt of interest arise Relèted parties The (harity's wholly owned subsidiary. VA-L Trading Limited pro¥ides a payroll bureau service and other income generating activities. The subsidiary gift aids its proffts to the charity. see note 5 10 the financial statements. Any individual wrth an interest in a matter being discussed at a mteting must declare the interest io the meetin8. The thairman of the meeting will then decide whether that indiwdual should wtthdraw during the discussion and, if not, whether the individual should be entitled to vote on the matter under dixussion Transactions related to Trustees are detailed in note 9 to the financial atements. Rlsk mana¢ement The Trustees have reviewed their strategy for risk management in accordance with the requirement5 of the Statement of Recommended Practice on Accounting and Reporting by Charities. The major risk5 were identifd and appropriate action taken to mlnimise each of the risks.
VOLUNTARY ACll014 - LEEDS Report of tht Trustees forthe yearended 3111 Pllarth 2025 Icontinuedl ACCOU14TABILiff UNDER PUBUC BENEFIT REqUIREMENTS In accordante wrth their duties pursuant to sertion 4 Charitie5 Act 2011. the Truste& ha¥t ttsnsidered the Charity's objects and activitie5 in light of ihe Charity Commission's general guidance on public benefit.-Charitie5 and Public Benèfrt." In relation to the first lirnb of the public benefit test Set out in the guidatKe. the objects are defined in the Memorandum of As50Clation and the trustees are satisfied that each of these is of benefrt to the public. The Objetts emphasise the role of social service to the community of Leeds. along with the role of Statutory Authorities and Voluntary Organisati¢ins in order to advance education, Ihe furthering of health, relieving poverty. distres5 and sicknes5. This is of considerable value to the public, for a number of reastsns. ineludine the provis)Th of advice. supporr and servKe5 to over 2.¢Y)Othird sector groups all of whom. in turn, provide support to those most in need in the general community- In relatlon to the second limb of the test. the trustees ensure that the public at large benefit from the attivltles of the charity and that there is no private benefit, incidental or otherwise. By the nature of the objetts. the work performed by the chaiily supports the iommurbity ai lar8e. This can be seen by the successe5 that have been achieved in the year. includine the support of over I1.C0 volunteers in Leeds and the ongobng development of the strategic networks, which offered facilitation. support and information to hundreds of third settor in the year. The trustee5 regularly keep the actNities the charity under review, to ensure that they are of sufficient benefit to the publ. STATEMENT OF TRUSTEES. RESPONSIBILITIES The irustees Iwho are also the directofs of Voluntary Action- Leeds forihe puSt$ of tompany lawl are responsible for preparin8 the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Actounting Standards (United Kingdorn Generally Accepted A(cotIng Praetel. Company law reque5 the trustees to pitpaie financial statements for each financial year which give a true and fairview of the state of affairs of the charitabk cornpany and of the incoming resources and application of resources. includinB the income and expenditure. of the charitable company for that perlod. In PfeparinR those financial statements. the trustees are required to select Sultable accounting pokies and thert apply thtm tonsistently.. observe the methods and princtples ITh the Charity SORP.. make judgements and est4mates that are reasonable and prudent.. prepare the financial statements on the 80in8 concern basis unless ffi 15 inappropriate to presume that the charitable ompany will continue in tryJsiness. The trustees are responsible for keeping proper actounting retords which disclose wtih reasonable accurary at any time the rinancial posttion of the charitable company and to enable thern to ensure that the financial SMentS comply with the Companies Art 2006. They are also responsible for safeguarding the a55ets of the tharitable company and hence for taking reasonable steps for the prevention and detection of fraud and other Irregularit. In so far as the trustees are aware= there is no relevant audit information of which the charitable company's auditon ale unawar?.. and the tiusiees have taken all steps Ihat they ought to have taken to make thernselve5 aware of any relevant audit information and to establish ihèt the au¢Jf(ors are aware of that information. AUDrfoRS The auditors, Thomas Coombs Limited. will be proFwd for re-appointment at the forthcoming Annual General Meeting. Approved by order of the board of trustees on 14" Au8U512025 znd si8ned on its behaw by.. S Rogers- Trustee
VOLuMfARY ACTION- LEEDS Independent audiiorf report to the memben ofVOWNTARY AcfioN- LEEDS Opinion We have audited the financial statements of Voluntary Atlion - Leeds for the year efided 31 March 2025 which comprise the Group Statement of Financial Aciivities, the Group and the Parent charitab Company Balance Sheet and the Group Cè5h Flow siatement and ihe related notes. The finanal reporting framework that ha5 been applied in their preparation 15 applicable law and United Kingdom kcountin8 Standards (United kn"n8dom Generally Accepted Accounting Practicel including FRS 102 "The Flnancial Reporting Standard applicable in the UK and Republic of Ireland. In our opinion the financral statements-. ive a true and fair view of the state of the 8roup's and of the parent Charitab companrfs affairs as at 315t March 202S, and of the group's irtoming resources and applicèiion of resources. including tts income3nd expenditu, for the yearthen ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice: and have been prepared in accordance wrth the requirements of the Companies Act 2(K6. tya5iS for oplnlon We condurted our audit in accordante with International Standards on Auditing IUKI (ISA5 IUKII and applitable law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audit of the financial statements section of our reporr. We are independent of the tharitable company in accordance with the ethical requlrements that are relevant to our audit of the financial statements tn the UK. tncluding the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities tn accofdarKe wilh these requirements. We believe that the audit evidence we have obtained is suffitietst and appropriate to provide a basi% for our opink)n. Condusions relating to goinK ron¢em In auditing the financial statements. we have concluded that the trustees. use of the 80in8 concern basis of accountlng In the preparation of the finaficial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relaiing to events or conditions that, individually or collectively. May east sienthcaTht doubt on the chartiable company's ability to continue as a going concern for period of at least twelve rnonths frorn when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustee5With respert to going concern are described in the relevant sect5 of this reporL Olher Infoimatlon The other infom)ation comprises the information included in the trustees annual report, othef than thef1n3ncll statements and our auditorfs report thereon. The trustees are responsible for the other information eontsined within the annual report. Our opinion on the financial siatements does not cover the other information and, except io the extent othenwise explicitly stated in our report. we do not express any fomi of assuTante condusw thereon. Our responsibility is to read the other infomatlon and. in doing so. consider whether the other inforrnation is materialfy intonsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materialty misstated. If we identify such material inconsistencies or apparent material misstatements. we zre required to determine whether this gives rise to a material rnisstatement in the financial statements theMsee5. If. based on the work we have performed, we conclude that there ts a material misstatemeni of this other inforrnaiion. we are required to report that fa. We have nothing to reptsrt in this re8ard. Opinions on other matters wescribed bythe Companies Act 2Th16 In our opinion, based on the work undertaken in the course of the audit: the information Eiven in the trustees. report lincorporating the directors. rewrtl for the hnanchil year for which the financial statements are prepared is consistent with the financial statements-, and the direttors. report has been prepared in accordance with applicable legal requirements. io
VOLUNTARY AcfioN - LEEOS Independent audllor< report to the members of VOLUNTARY AcfioN- LEEDS Matter5 on whith we are required to report by exception In the light of our knowledge and understanding of the 8roup and PanI charitable company and its environmernt obtained in the course of the audit, we have not identified rnaterial misstatèments in the directors, report. We ha¥e nothing to report in respect of the followin8 matters where the Companies Act 2CQ6 requires us to report to you rf. in our opinson.. the parent charitable tompany has not kept adequate and stsffioent accounting records. or returns adequate for our audit have not been reCved from branches not Vlslted by us,. or the parent charrtable tornpany finantial statements a not in a8reement with the accounting recryds and retums.. or certain disclosures of Trustees, rernuneration Specified by law are not made,. or we have not received all the information and e¥planations we require for our audil.. or the Trustees were not entitled to prepare the finantial statements in accordance with the small companies regime and take advantage of the srnall companies exemption from the requirement to prepare a srrate8ic report. Re$pgnslbllltles of Trustee5 As explained more fully in the Trustees. r¢SF1bilitles Statement. the Trustees (who are also the dire015 of the charitable companyforthe purposes of company lawlare responsibleforthe preparation of the financial ststement5 and fo¥ being satisfied that they 84ve a true and fairwew. and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material mItatement. whether dve to fraud or error. In preparing the financial statemenis. the Trustees are responsible for assewng the charitable companTrKs abilrty to continue a5 a going concern. di5c105inL as applicable, matters relaied to going concern and using the going concern basis of accountin8 unles5 the Trustees either intend to liquidate the charitable company or to ase operations. or have no realistic alternative but to do so. Audltt>rfs reSponslI1t1es forthe audit of the finantlal statements Our objectNes are to obtain reasonable assurance about whether the finantrdl statements as a whole are free from material misstatement, whether due to fraud or error. and to issue an auditorfs report that includes our opinion. Reasonable assurance is 3 high level of assurance. but is not a guarantee that an audit conducted in actordance with ISAS IUKI will always detect a material missiatement wher it exists. Misstatements can arisefrom fraud or error and are considered material il. indiwdually oi in the 388re8ate. they tould reasonably be expected to influence the economic decisions of users taken on the basi5 of these rinancial statement5. Irregularities, including fraud. are instances of non-tompliancewith laws and reBulations. We design procedvres in line with our responsibilities. outlined above. to detect mzterial mi55tatements in respect of irregularrties, in£ludin8 fraud. The extentto which our procedures are capable ot detecting irregularitie5. inclvding fraud is detailed bèlow- Our approach to identifying and assessin8 the risks of material misstatement in respect of irregularities. includinB fraud and non-compliance with13ws and regulations. was as follows- The en888ement partner efisured thai ihe engagement team collectNely had the appropriate cornpetence. capabilities and skills to identify or recoenise non-tompliènce with applicable laws and reRulaiions. We identified the laws and regulations apph"cable to the ¢harrty thmugh discussions with mana8ement, and from our commercial knowledge of the sector. We focused on specific laws and regulations which we considered may ha¥e a dirett material effett on the accounts of the operations of the Charity. including the Charrtie5 Act 2011. We assess the extent of corrpliance with laws and regulation5 identified above through making enquiries of management and insperting leeal torrespondence. Identified laws and regulations are communicated within the audit team rUlrty and the team remained alert to instances of non-compliance throughout the audit.
VOLUNTARY AcnoN- LEEDS Independent auditorf reporttts the MembevsofVOLLnAftV AcnoN- LEEDS We assessed the susceptibility of the charit<s financial statements to material misstatement, including obtaining an understanding of how fraud might occur. bv.. Makin8 enquiries of management as to where tlw considered there was susceptibility to fraud, their knowledge of artual. suspected and alleBed fraud. Considering the intemal controls in place to mitigate risk5 of fraud and non4compliante with laws and regulattons. To add5 the risk of fraud through management bias and override of conirols. we-. Performed analytical procedure5 to identify any unusual or unexperted relationships. Identified and tested journal entries and identffied any s¥nificant transactions that were unusual or outside the nomal course of business. Investlgated the rationale behind 5ignrficant or unusual trènsattions. Challenged assumptions and judgements made by manaeement in determinirff si8nificant accounting estimates. In re5pon5e to the Tisk of irregularities and non-compliancewith law5 and regulatKns. we designed èudit procedures which included, but were not limited io.. Agreeing financial atements disclosures to underlying supporting documentation. Di5CUS510n5 Wlth mana6ement of know or suspected instances of non-compliance with laws and regulations Reading the minutes of meetings of those charged with govemance. Reviewing correspondence with relevant regulators includireihe Charities Commission. At the completion stage of the audif. ihe engaeement partnerf5 rleW inCded ensuring the tearn had approached their work with appropriate professional scepticism and thus the capaaty to identify norFcompliante wtth laws and regulations and fraud. There are inherent Itmitations in the audit procedures described above and the further removed non-cornpliance of laws and resulatigns 15 from the events and transactions reflerted in thefinancial staiements, the less likelywe would become aware of it. Also, the risk of not detecting a material mi55tatement relating to fraud is hieher than the risk of not detecting one resulting from error. as fraud may in¥ol¥e deliberate concealment. A further description of our responsibilities for the audit of the financial statements is located on the Finantial Reporting Council'5 website at www.frc.or%.uVauditorsrespon5ibiiff¢ies. Thi5 dewiption forms part of our Report of the Independent Auditors Use of our report This repgrt is made solefy to the charitable company's members. as a bodyé in accordance with Chaptef 3 of Part 16 of the Companies Act 2006, and io the charf(able companvs trustees. as a body. Part 4 of the Charities (Accounts and Reports) Regvlations 2C)8. Our audit work has been undertaken so that we might State to the tharitable company's members those matters we are required to state to them in an auditors. report and for no other pvrpose. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other than the charitable company and the charitsble cornpany's members as a body, for our audr( work, forthis report. or for the opifiign5 we have formed. Shaun Pullan ACCA Isenlor 5tAudItOr) lor and on behalf of Thoma5 Coombs Limited Statutory Auditor & Chartered Accouniants 3365 Century Way. Thorpe Park. Leeds. West Yorkshire. LSIS 8Z Date.. 14th Au8ust 2025 12
VOLUNTARY AcnoN- LEEDS Icompwy nufflber i$51$0] Consolidated statement offinalI1 aclv4fitieslortheyearendEd 31JtM•rth102S I101pOrati staiutory iworne & a(1) 2025 2024 TotalAuftd5 Noies INCOME AND ENDOWMENf5 FROM DonatnS artd legacs 225 825 ChrftsNÈ artlvbties Grantsand similar income Ch3ritable activityes Provision of support servKes to charit3d 5 slm4ar organisatK>ns 6.I#JO IJ43.948 18L046 267.lin A,104.075 2N54.023 203,706 267.07Z 1053.317 177.258 271.429 Investment income 56276 56276 40.777 Total theome and End0*nts 5AiIffi19 1.143.948 1.126.735 2,981.302 1543.506 EKpendl¢¥re Charitsble activities 455,234 $6.956 LOA6,582 2AU7n 2,851.766 Total expEnthtur¢ 455254 1.356.956 lJ116.582 2AZ&7n 2,851766 pl11(10$$eS}•ft In¥estmerts {59) 115591 11.347 NYTINCOMei IEXPEpxAlliAEI 52J26 JIO.153 149.971 1296.9131 19 1•5.fj661 1%666 Ile¢mo¥ernent in Iuhds IU.l#)81 I95 149J71 1296.913) RECONciuAnoN OF FUNDS TotalfLmds broL¥htfobward 3YJ 167JJ7 1274.277 1.571,3 TOTAL FUNDS CARRIED FORWARO I1241 9351 363fi56 IA24248 1.274.277 13
VOLVIARy AcnoN- LEEDS Icornpany number005551501 Consolidated Balance sheet at 3111 Marth 2025 Grwp 2025 Char 2024 20Z5 2024 FIXED ASSETS Tangible assets Investments 12 13 480.453 246.26J 486.150 228.810 40OA53 246.265 486,150 228,812 n6.716 714,960 n6.718 714,962 CURRENT ASS£YS Debtors Cash at bank and in hand 14 55.797 1309,199 84.818 1.248.052 102.882 639,408 84.467 557.735 1364396 1332.870 742290 612.302 CREDITORS Amounis due within one year 15 1665.$361 (772.7681 184.3081 f123.5781 NET CURRENT ASSETS S60,102 657.982 S18,624 TOTAL ASSETS LESS CURRENT UA8ILmES L426.176 1.275.062 1384.700 1.233.586 PEN510N LIABILtrY 20 Ilg28} 1785) 11.9281 (785) NET ASSETS IA24248 L274.277 lJ82,772 1,232,801 FUNDS Llnrestrlrted funds Free Reseryes Fixed asset reserves Other designated funds Trading company fvnds Restricted fund5 19 19 19 19 19 4S9,810 489.951 486.953 486,148 69,$00 41,480 19).196 459.812 489.951 486.955 486.148 69.500 41.480 373m7 373.007 190.196 TOTAL FUNDS 19 1.424248 1.274,277 1.382.772 1,232,801 The Trustees have wepared 8roup accounts in accordance with Sertion 398 of the Companies Act 2006 and Section 138 ofthe Charilie5 Att 2011. Approved by the board ofTrustees on 14 Au8USt 2025 and signed on its behaff bv= S Rogers ITrusteel A Curtis (Trustee) The notes on pagè5 17 to 35 form part of these finartial statèments. 14
volu1Ally AclloN- LEEDS Consolldated Cash Flow Ststement For the Yearered 31° Marth 2025 20 2024 Note Cash flows Irom operating activilies: Cash 8enerated froml (used inl operations 37.455 f358.9111 Net cash nerated from/ (used In) opefatln¢ artivkties 37A65 f354911J Cath Ilows from Investlng actfviiles: Purchase of tan8ible lixed assets Investment additions Investment disposal proteeds Interest recer¥ed I1282) {124A071 104J95 56276 f2,064} 154,414J 46,611 36.138 Net cash lustd Inllgentrated from InTrtstin¢ a¢li¥iti*s 23MZ 26,271 Change in cash and tash equNalents in the reportini period 6L147 {332.640J Cash and ¢ash equlvalents atlhe brflnnln£ of the reportln¢ period LZ48.05Z 1,580,69Z Cash and cash equl¥alents atthe end ol the reporting peri¢>d 1.309.199 1.248.052 15
VOLUNTARY AcfioN- LEEDS Consolldated Cash Flow Statement Notes Forthe year ended 31° Marth 2025 RECONCILIATION OF NET INCOMEIIEXPEP4DIWAE) TO NEr(A FLOW FROM OPERATJNG ACTIVITIES 2025 2024 Net 5ncomtllexptnditurtl for the reporti peiitsd (as perthe slatemert of financial artiwS1iesl Adjustrnent5 for. Depreciation charges IGainl/loss on investments Interest recwved Interest paid Ilncreaselldecrease in debtors IncreaselldKreasel in creditors Difference bwween pension charge and $h contrikwjtions 149.971 1296.9131 18.279 IlS591 1562761 33 29.1 1107.2121 i.iio 12.142 {11,347J {36.138} 65 8,437 (34,197J (960J Net C•5h 8enerated froml {u5ed In} operatIr activllles f37.465 f358,911J 16
VOLUNTARY ACTION- LEEDS Notesto the fin•n¢lal statements fwthe yearended 31" M•r<h 2025 <ountln( Pollde5 Bzsls of Preparation The financial statements of thè charitable tompany. which is a publit benefil entity under FRS 102. have been prepaied In accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charit5.. Statement of Retommended Praetite applicable to charities preparine their accounts in accordance with the Financial Reporting Standard appltcable in the UK and Republic of Ireland ISRS 1021 leffertive l January 20191,. Financial Reporting Standard 102 'The Financial Reporting Standard appli£able in the LIK and Republic of Ireland. and the Companies Att 20(JS. The financial statements have been prepared under the historical cost convention. wrth the e¥¢eption of investments which are inclyded at market value, as modifted by the revaluation of certain assets. The financial statements are presented in sterfirs which 15 the functional currenty of the charitable cotryany and rounded to the nearest £. The significant accounting policies applied in the preparation of the5efinan¢ial statements are set ovt below. ThÈ5e policies have been consistently applied to all years presented unless OtheSe stated. The finantial statements have been prepartd on a 8oin8 concem basis as the tnjstees believe that no material uncertaintles exist. Thetru5tees have considered the level of funds held and the experted level of CoMe and expenditurefor 12 months from authorissng these financial statements. The budgeted income and experltUre is suffioent with the level ol re5erve5 lor ihe charity to be able to continue as a gng concern. 8451$ of Consolidatio The consolidated accounts incorporate the accounts of the Charity and its wholty-owned subsidiary undertaking. The Charity has taken advantaee of the exemption allowed undef section 408 of the Companies Act 2LI16 and SORP 201S and ha5 not presented its own Income and Expendi(ure account in these financial statements. A separate Statement of Financial Activities for the Chèrity is not tonsidered necessary because the attivities of the Charity and the Whol owned subsidiary undertaking are easily distinguished within the tonsolioated Statement of Financial Atti¥1e$. Income All income is included in the staiemeftt of finantial adiwtiès wn the tharity is entitled to the itscomé and the amouni can be quantified with reasonable accuracy. The following specific polKies are applied to particular categories of income.. Voluntary tncome is received by way of grants. donations and gifts (including gifts in kindl. These amount5 are included in full in the 51atement of Financial Aciivities in the year in which they are receivable. The value of services prowded by volunteers has not been included. Grants. where entitlement is not conditional on the delNery of a specific performance by the charity, are recogni5eil when the charity becomes unconditionally entitled to the 8rant. Where8rants are received dufin8 the year in respect of future periods. the amount of the grant. which relatesto the future pefiods Is shown asdeferred grants and is Intluded withln creditors. Grants. where the income is related to perforfflance and specific deliverables. are accounted for a5 the charity eams the right to consideration by its performance. Income arising from grants and similar contrarts specif4cally for ihe provision of activrlies or services which are provided as part of the charitable activities of the company is recorded underthe heading of incomFn4 resource5 from charitsble activities. Expendlture Expenditure is recognised in the period in whith they are incurred. Expenditure IncleS where relevant value added tax. which cannot be recovered under partial exemption rules. and is reported as a support C05t. Chariiable expendituie comprises those tOSts inCUrd by ihe chaiity in the delrvery ol its artivitles and seThices for lis beneficiaries. It include5 both co5tsthatcan be allocated dIrectt0 such activities and thDsecostsof an indirett nature necessary to support them 17
VOLU14TARY ACTION- LEEDS Noies to the finan¢Sal statements forthe year ended 31" Mar¢h 2025 (awitinutdj A¢¢ountlnK Pdicie51continuedJ Govemance tosts iftclude those costs a$50Ciated with meetin8 the constitutional and statutory requirement5 of the charity and include the audit fees and tosts linked to the strategic management of the charity. Allo¢ation and apportionment ot costs All costs are allocated between the expenditure tategories of the Statement of Financial Actiwties on a basis desiEned to refflert the use of the resoyrce. Costs relating to a particular activity are allocated dirertly while other5 are apportioned on an approprlate basis. The charity records the apportionment of indirect Costs via the charging of administration fees, internal rent and other management tosts. Tangible flxed a5sets- Tangible fixed assets are Stated at cost less depreclatbon. Oepieciation is PmWLleil at rates calculated to wri(e off the cost less estimated residual value of each asset over lis expected tfvI lrfe as follows.. Fixtures. fittings and gffice equiprnent Freehold property IO% to 33% straight line SO year useful lrfe The trustees have therefore performed an impasrment review of freehold building5. based on the year end valuation. and are 5atlsfied thal the carryin8 value for existing use is not materialty different to the carrying value. Any impairrnent 105ses are recognised in the Statement of Financial Activities. Taxation A5 3 registered charity the cornpzny is exempt from tsxatiun. The wholly owned tradin8 subsidiary is subject to corporation tax on it5 taxable profits. Fund a¢¢ountlnK Funds held by the charity are categorised as follows.. Unrestrirted seneral funds are funds that can be used for the objects of tht thartty without lurther sptcified purpose and are available a$ 8eneral funds. Designated fvnds are unrestriued funds earmarked by ihe tTUStee5 for particuL3r purposes. Restricted fund5 are to be used forspecifK purposes laid down bythe donor orspecified in the request forfunding bythe chartty. Expenditure that meets ihese triieria is charged to the fvnd. As part of the agreements with a number of fvnding bodies, the charity charge5 a proportion of rnana8ement and support costs to the restr4tted funds from those funding bodtes. Investments Investments are included at the closing mid market value at the balance sheet date. Any gain or loss on revaluation 15 taken to the Statement of Financial Activities. Dèbtors and ¢rditors rttb¥abl* / pabIe wiihln oneyr Debtors and creditors with no stated interest rate and receivable or payable wr(hin one year are retorded èt transattlon price. Any losses arisin8 from impairment are reco8ni5ed in expenditure. 18
VOLUNTARY AclloN - LEEDS Notes to tht finan¢lal statements for the year ended 3151 March 20251£ttIn¥e4J Donations and legacie5 2024 Totol Funds Funds Total Donation5 225 825 £225 £225 £825 Total 2024 £825 £825 Investment Income Unrestritt*d Funds Rèstrftted Funds 2025 Total 2024 Totul Deposit account intertst Listed investment income SO90 6.186 31,858 8,919 6.186 £56.276 £56.276 £40,777 Total 2024 £40.777 £40.777 Income from Charitable Artivhi•s Unfestricted Funds Restrlrted Funds 2015 Total 2024 rotol Grant$15ee lyeakdownl Secretarial fees Trainin8 fees Online job advertising ConsultanLry Other income Stringef House rentsl income Room hire Membership subscription 9.074 9.074 48,334 18.945 56.679 632 30,727 27.063 4.961 38.019 26,830 31,518 4.347 35.064 23.498 IB.945 3.250 465 53N29 167 30.727 27.063 104 181 £187.046 £2A70.683 £2.657.729 £2,230,47S 19
VOIUNTARY AcnoN- LEEOS Notss to ihe finan¢ial statemeDtslorth¢ yeareTrded 31° Marfh 2025 (cortin) Income from Charitable Arti¥llles l(ontlnuedl Grants received. included in the above, are as follows- Umertrlaed Fuffids 2025 Total 2024 Totol Funds The Natlonal Lottery Community Fund-aimate fund The National Lottery Community Fund Givin8 time adult project phase 2 The National Lottery Cornmunity Fvnd- LCAN Leeds City Council- Household Support Fd Leeds City Council- Warm Spaces Fund Leeds Cliv Council- Infra$twctu Support Fund Leeds City Council- Yong Uves Leeds Leeds City Council- Safe8uardinK In Far¢h Leeds City Council- Community Recovery Fund Leeds City Council- UKSPF Community Cohesion Leeds City Council- Reducing Parental Conflict Leeds City Council- Digital inclusitin Leeds City Council- Good Job5 Better Health Fairer Ftstures Leeds City Council- Listening Exercise Leeds City Council- Neighbourhood Matching Leed5 City Council- Black history Leeds City Council- Community Grant Awards Leeds City Couneil- ABCD Eveni Leeds City Council- South Asian Heritaee Event Leeds Community Foundation- TSL Chair Contribution Forum Central- TSL Chair Contribution Forum Central-volunteer and Trustee5 Projett Foium Central4ultUral Diverse & Faith Groups West Yorkshire ICB- Leeds Vaccination Charnpions University of Leeds- (h"grtal Fellowship WYCA- Mayors Ollite- Crime Reduuion Network Mayor-safer Communities Fund Arnicable Red Cross Sotiety 531159 531159 637.302 141.163 750.000 179.<JOO 220,300 73,100 15.500 74.SOO 11.150 9.685 55528 141.163 750mO I790 220.300 73.100 .soo 74.500 11.150 70,638 750.000 198,500 221.676 73.ILX) 55.528 13.656 13.656 3.315 125.0 5(W) 51X) I,tXJO i0.tx 25.(XlO 8L19B 82.198 7.SOO 14.127 6,140 26,S19 143.084 I4384 6.OOD £6.IXKI 418.023 £2N54X123 £2,053,317 Cornmerclal tradlng operatlons The charity has one wholly-owned subsidiary. VA-L Trading limited (Company No. 027093421. which carrie5 on commercial activities that are ancillary to the operation of ihe charry. Z025 2024 Rètained net assets in subsidiary 41A80 41.480 20
VOLUNTARY ACTION- LEEDS Notesto the financial sutements for the ¥e•r ended 31° March 2025 (wtinyerfj Comrnerclal Iradlng operatk$ Iconllnued) A summary of the trading results ofthe subsidiary 1$ shown bebw. Profft and loss a¢Ut 2025 2024 Turnover Investment Income Intercompany turnover Administrative costs 267,072 271,429 545 (252.$681 (251.0751 Operatin8 profit 20,899 Gift aid obligation and donatn5 to charity 136A681 f20.8891 Retained for year Total Atsources Expended Support Costs (note 7) Costs 71 2025 Total 2024 Totol Charitable aciivitbes OD 328232 W8.772 2.851.766 £2.500.$40 É328.232 £2,828.772 £2.851.766 Charttablt *xiivities Direct cosQs Unrtstrirted Funds Reslrirted Funds 2025 Total 2024 rotol Wè8es Social setuiilv Pension PPS and telephone Sundries Projert deliverables Partner orBanis3tion pass throu8h funding with Voluntary Attion-Leed$ as lead orRanisation Professional lees and IT Travel and Subsistence Rent, rates. al power. insurance and retharges Repairs 570J67 S2.777 36A62 5.283 5.034 202.068 658.171 59.498 41.557 6.776 6.639 219.785 643.313 55.152 40.185 4,324 4,910 104.897 6.721 1.493 17.717 lJ56.956 104.615 1.356,9S6 108.599 2.567 39.992 1557.040 143,549 4,859 42,726 281 123 36.932 £127.1 £i373.538 £2.500.540 E2,601.236 Totsl 2024 E138.101 E2.463.135 £2,601,236 21
VOLUNTARY ACTION- LEEDS Notes to the Ilnanclal statements forthe year ended 31° M4r¢h 2025 fcontim*dl Charit•ble A¢tlvbtles {£ontinuedl Support costs Unrestrkted Restricted Funds Fund5 2025 Total 2024 Totol Wa8es Auditors remuneration Wages Soci81 security Pensions Rent, rates. heat. power. insurance and recharges PPS and telephone Sundries Projett deliverables Travel and subsistence Prole5sional fees. tr and recharges Repairs Pension unwinding interest Pension assumption amendments Pension contribution amendment Depreciation of tangible fixed 355ets Trading company operations 9J15 211525 19.664 13.734 17.509 30¢ 9.315 212.525 19.664 13.734 17509 3.504 5,635 170.850 14.647 10.607 13.236 4,566 1948} (1,188) 425 {7.044J 6.197 13.616) 405 S67 13.6161 405 567 12 12 21 21 12 1,910 18.279 16.2S4 1.910 18.279 16354 12.142 16.340 £328.232 £328332 £250,530 Total 2024 £250.530 E250.530 Governance costs relate to wages and audrtors remuneration arwj total £14.31512024- £10.6351. Net In¢omellExpenditure) N•t inc0mellempendltuI Is stated after£haryl(Ue(rrtingj: 2025 2024 Auditors remuneration-charity Auditors remuneration-5ub5idiary Depreciaiion-owned assets 9.315 5,635 2,832 12.142 .Z79 Tru#eÈs Remuntration and 8eneffts There were no trustees. remuneration or oiher benefits for the year ended 31st Marth 2025 nor for the year ended 31st Mareh 2024. Trustees. expenses There were no tru5tees' expenses paid for theyear ended 31st Marth 2025 nor forthe year ended 31st March 2024.
VOLUNTARY AcnoN- LEEDS Noies to the flnanclal 5tatementslorthear ended 3111 Mah 2025 Icon) io Staff Costs Group 2025 Group 2024 Charity 2025 Ch¢7rity 2024 Woges and salaries Social 5*curity costs Other pension tosts 875.696 79.162 55291 849.163 69.799 50.857 875.696 79.162 55,291 849.163 69.799 50,857 £1.010.149 £969,819 EI.010.149 £969,819 The Charily considers its key mana£ernent personnel comprise the trustees. the Chief Officer and the Strateg4c Finance Manager. The total empiloyment Costs to the group ofthe key management personnel were £82,72212024-. £87,331). Reimbursed expenses. which are all subject to the ChariWs procwes of internal controls. do not fomi part of remuneration and are not included above. l employee received emoluments in excess of £60.OC($12024- Nil) The average number of paid employees lincluding part-twnel was.. Group 2025 Group 2024 Permanent staff The average full time equivalent of ernployee5 duringthe year was 26.312024.. 25.31. 23
VOIUNTARY Acfioii- LEEDS ' Notes io ihe Ilnancial 5tatefflents ft+rtheytar ended 31" Mah 2025 {ntInuEd1 11 Comparail¥es for the Statement of FInCIal Acti¥ities Restrlrted Other Vnrnstrkt pass through restricted Funds ld$ funds Z024 Total INCOME AND ENDOWMENTS FROM Donations and grants 825 Charitable xti¥ities Grants and similar income Charitable activities Trading intome 7.000 IA78.753 140.977 271A29 567.S64 36.181 2.053.317 177.158 271.429 Investment income 40,777 Total Incomt and Endowments 46LOO8 IA78.753 603.745 2.543.S06 Expertditurt on Charitable activities 388.631 I14,796 938.3YJ 2A51.766 Totsl exPendire 388.631 I14.196 938.339 51.766 Net gainslllossesl on investments IlJ47 11,347 NET INCOMEIIEXPENOITURE) 83.n4 {46A1431 I3345) {296.913) Transfers between fund5 (47.1521 1148.7681 195.920 Net movement in fvnds 72 1194AII} {138.6741 1296,9131 RECONCIUATION OF FUNDS Total fund5 brought forward 1.047509 217.170 306.511 1.571.190 TOTAL FUNOS CARRIED FORWARD LOa4.081 21359 167,837 1274,277 24
VOWP4TARY ACTION- iEEOS Notes to thellnan¢ial statements for theswr errfled 3111 Marth 2025 (tontinuedj 12 TanÉ Fixtd Assets Grnup •nd Chwlty. Fthres and fittlnes Freehold Property T*>t•l CostIlUatIO As at I" April 2024 Additions Disposals 450.IX(I 98.557 12,582 $48.SS7 12,582 As at 3111 March 2025 450.( 111.139 561.139 Accumulated depreciation As at IY ApTiI 2024 Charge forthe year Eliminated on disposal 6>,407 9,279 62,407 18,279 As at 31s1 March 2025 71.686 80.686 Net book value At 31" Marth 2025 £441.(KX) 9.453 £480A53 At315t Morch 2024 E450.1XKI £36.150 £486.150 The freehold propertv Wa5 professionally valued at £450,(KK) by a firm of chartered surveyors, in Au8USt 2022 on an open markei eX$ting use basis, subjett to existin8 tenanoes and this value was adopted in the accounts. The Trustees consider the carrying value 15 an appropriate valuation of the prope as ai 31st Marth 2025. Comparable historic cost note for land and buildinBs inclwled at valuat 2025 2024 Freehold land and 1XdIn Historic cost Impairment provision 464,651 114.6511 464.651 (14,651J Valuation 450.LI 25
VOLUNTARY AcnoN- LEEDS Notes to the financial slatemènts forthe year ended 31" Marth 21)25 ¢tinj 13 Fixed Asset In¥estments Group Charity quoted Investments Market value at l April 2024 Additions Disposals Net unrealised gzinslllossl 228.810 124.407 1102.3691 14.5851 228,810 124.407 1102.3691 14.5851 246,263 246,263 Sub51dlary underta. tost VAL Tradin¢ Limited Market value at 3151 Mar(h 2025 46.263 £246.265 As at 31° Marth 2025 the Charity held 7 investment5 that each repre5ent5 more than 5% of the total investment portlolio, the biggest of which represented 6.3% of the total portfolio. No other investments exceeded 5% of the portfolio. Cash held with the broker of £1.90512024.. £15,8S71 is included within the cash at bank and in hand asset heading on the balance sheet. All investments are carried at their fairvalue. Investment in e4uities and fixed interest securitie5 are all traded in quoted public markets, primarily the London Stock Exchange. Asset sales and purthases are recognlsed at the date of trade at cost (that is their transacrion valuel. The sigThificance of finaThcial insiruments to ihe ongoing financial sustainability of the Trust is consh4ered in the financial review and investment policy and performance settions of the Trustees. Annual Report. The main risk to the Charity from financial instiuments arses from uncertain investment markets re5ultin8 in variable income and capital returns from the portfolio of assets. Currency translation risks remain for those companies and bonds that are exposed to overseas earning5 and zs5et5. Liquh4ity risk is anticipated to be low as all assets are traded on recognised exchanges with good liquidity and high trading volumes. The Charsty's portfolio has no material investment holdings in markets subjert to exchange controls or trading restriction5. The Chariiy manages invesiment rssk by appointin8 professional investment managers and operating an iTrve5trnent policy that provides for a high degree of diversification of holdings within invertment asset classes that are quoted on recognised stock exchange5. The Charity does not make use of derivatives and similar complex financial instrvments as ittskes the view that inve5tment5 are held for their longer term total return. 26
VOLUNTARY AcfioN- LEEDS Notes io the ffinan¢lal statements fof the ye¥ ended 31° March 2025 l¢antinue&l) 14 Oebtors: Amounts fallln¢ due wlthln ¢Mytar". Group 202S Charity 2025 2024 2024 Amounts recgverable in the ordinary course of artivrties Amounts owed by group undertakinBs Oiher debtors Prepayments and atcrued fundin8 income 39.182 44.583 7,482 53.227 37.609 1219 39.016 15.275 15275 39.016 £55.797 £84.818 EIO1882 E84,467 Llablmlles: Amounts Falllng Due Wrthin One Y Group 2025 tharity 2025 2024 2024 Amounts due in the ordinary tourse of actviities FuThd5 held as agent for partner organisations Funds held for payroll Services VAT Other creditors Deferred income Accrued expenses 761 11.612 577.477 16.093 1583 17,615 32.295 40,486 14.412 7*52 Il612 40,486 J4,412 15.185 1.959 19.274 36.462 16.093 1,745 13,711 32,295 15.185 1959 15.074 36.462 É66S.S36 £772.768 £44.3( £123,578 16 Taxation VoluntaryAction- Leeds is a registered charity and therefore is not liable to incometax and corporation tax on income and gains derived from it5 charitable activitie5 a5 It fa115 wilhin the various exemptions available to registered tharitits. The subsldiary does not have tharitable status and fulty subiert to ta¥ation. 17 Trustees Intere5t5 and Related Party Disc105ure5 Durin8 the year £236.31S12024.. £234.7341 was recharged to VA-L Trading Ltd the only 100% owned subsidiary of the group. Gift aid donaiions under a deed of covenant from VA-L Trading amtyJnted to £36.868 during the year12024.. £20.8891. The balance owed fTOrn VA-L Trading Ltd at the yearend was £53.22712024.. £37.6091 27"
VOLUNTARY ACTION- LEEDS Notesto the finan¢lal statements for thè year endod 31" March 20251MntiRuedJ 17 Trustees Interests and Related Party Di5clowres (Conted) Adrian Curtis. a trustee of VAL is also a trustee of Volition. The following transartions took place between the or8anis3tions during 2025. VAL paid Volition £4.675 to joindy Sho ihe cost of a Third Sector Infrastrurture review commissioned from a third party. VAL also paid Volition E6.ClXI to joinity fvnd a srate of the sector report and enable acce5S to the My Cake grant monitoring system. VAL paid Volition£3.940forthe involvement of one of their employeeson a research and evalktation projert. Volition paid VAL £1.0 to coniribuie iowards the expenses of the TSL chair and also trnnsfeNed £B,000 of unspent grant fynding to VAL related to the Comrnunrty Champions projert. There are some other minor transaction5 between VAL and Volition for trainin& membership and room hire which would be covered by the final paragraph of the existing note. A number of the Trustees a involved with other charities and Voluntary organi5ations wiihin the local area. Membership. training and job advertisine income is received from a number of these charities however where transactions have been incurred with organisations connerted wth trustees of Voluntary Attion-Leeds. those trustees are not involved in that process or decision makin8 and are on the same terms as other charity beneficiaries. 18 Copithl Voluntary Attion - Leeds is a charltae company. limited by guarantee and has nc* share capital. The members have agreed to coniribvte £1 each io the Charity's assets in the event of it windin8 up, if its assets should prove insuffbcient to ctsver its liabilities. 28
VOLUNTARY ACTION- LEEDS Notes to the finan¢lal siaiemerfs forthe year ended 3131 March 2025 Itontinuedj 19 Movements in Funds At3IAAlarch ExpEr4Ed T&111$ G•w • Lw¢s 1014 General fund RedundaKy & leyl costs Buildiry iefLySenl and IT improvtmorbts Fixtd•sset weseThe Non charitable tradiry 416.%3 50ml 514619 (4SS2 P9J5YI (U591 159AIQ 419.951 5W19 552MI {US91 Re511ki•d Fund5 Supportln8thesecM Thlrdsecior Leed5 Youn8 Lfves Leed5 W¥CACrime Atductlon Netr40rk CCG Assei Based EnÉaiemerrt Lttdscuhurnlty th¥etse Mub SaferCiThmynilS R¢dutih8Parmtal Confit Talent Match Umnwre Furnd Attvjn (46.397) {82560) {Iwi {65 S.744 ?).1 12Yts6JI L945 Sh91 141631 24.iao 19hQJ VolunteerinB Smal Groups ComrnvThcation5 Equality Leeds FundiniSupwt CSty Amba55ador5 ieeds£ityCoWe". SOtsalAcEJnd Dilital Badge5 Th¢ NatKpnal Lottery Commw Fund GNin8fime Ad&t thse 2 8eC¢Yleoi¥e The NaEK)n31 Lottrry Fund LCAN AmKable Voliri¢Wy Ppt Vdyntetr Tw51eeojert Vol¢tiorrPLK tttraIy & FaithGroup LCC". Greenhou5e.Wythu5 LCC.. Community Champths LCC Nev4hbouthood matc LCC HOusÈho1dSuppt Ipass throh) LCC Spa¢eslpassihr¢y8hl A8CDcebrat)n Everyt LCC communtYcae Hub LCAN Cornrnunity Recobyry Fund UOS Netwrykand Fdhi¥¥ship LCC-GoodJobs8etterHealthFawtr Futurts D¥ital Ine11 UKDSPFCommurMtyCohe5ion 9M2 7x177 2SA42 lJ2.5191 {94WI {•91>1 3926S 9.758 702 3JlZ iU163 I154) 41.1 143289 8219 173051 17W IAZ2 70h77 A6> 14278 .191 12SA 750MKI liiQ.73 1749.9511 17 179ml 117.1631 44.715 74.5tLI 139A971 14.03Z 827 11149 IX.196 3n.fyJ7 Tot U2?42n 191L301 (a7) Il55¥ £IA14,241 29
VOLUNTARY AcnoN- LEEDS Notes to the finan¢lal statements for the year ended 3111 March 2025 Irontimrtdj 19 Mo¥ement5 in Funds Iconllntd) Desl nated Funds Redundancy & Legal Costs An amount of £50,oCl2o24.. £so.(l is designated to eor redurtdancy payments and legal expenses in the event of the charity no longer being viable. Building Refurb15hment and IT Impro¥ements An arnount ol £10.5CO12024.. £19.5(Ql is desi8nated to cover the cost of repairs and improvement5 to the property and investment5 in IT systems. Flxed Asset Resep4e An amouni of £489,95112024.. £486.1481 15 designated to coverthe tost of replacing the estIng tangible fixed assets. ortin the sertor Third Sertor Leeds Through this investment, VAL provides supports the operation of Third Seclor Leeds whith is the alliante of key networks and organisatlons in the Sector that gives rt a voice at strategic level. Young Lbves Leeds Through this investrnent. VAL provides supports the operation of Young LNes Leeds and its membership. Young Live Leeds is a forum for third sector orBanisations who wofk with thildren and young people. WYCA-Third Sector Infvastructsre WYCA Third Sectpr infr35trurture funding is used by VAL to support the Leeds Crime Reduction Network. CCG Aet 8ased Éniagment Fundin8 to facilitste Third SertOT engagement with the Clinical CofflmTrsshJning Group5. Leeds Culturally Dl¥ewse Hts Investment to supportthe operation of the Leeds Culturally DNefse Hub which facilitates eThga8ement of BME communitie5 with Leeds City Council. Safer Communitie5 Jointly funded by the DCMS and the National Lottery Community Fund to promote and champion a safeguarding culture to all charities. Talent Matrh Fvnding provided by the The Naiional Lottery Communtty Fund to support opportunities for Young People not in ernployment, education or trainin8. Durin8 an initial two year proeramme VAL acts as the Young peop.5 Engagement and Partnership Co- ordinators in both Leeds and Calderdale. Climate Artlon Funding provided by the The National Lottery Community Fund over fThfe years foi the project to engage a range of communities and individuals in the climate emergenc¥ by developing eieht hubs auoss Leeds to delwer tommunity-led activities that bring Sustainab change beyond the duration of the fundin8. VAL act5 as lèad partner on the project working aloftgde Leeds Love It Share It. Tidal and To8eihef For Peace. orti Volunteerlng This investment helps VAL to run the Leeds Volunteer Centre. The rde of the volunteer centre is to match individua15 to volunteering opportunitie5 and support organisations to find sulble volunteers along with pro¥idin8 advice on all area5 of 5ettin8 up volunteering programme5 and vdunteer manaeement. anisati0TrS 30
VOLUNTARY AcnoN- LEEDS Notes to the fl•an¢lal statements fortheyearended 31° Marth 2025 Icortinuedl 19 Movernents in Funds I¢01ned) Small Groups This funding help5 provide organisational developmÈnt support tovoluntsry and C¢)mmunity Sector IVCS) groups with an annual income of less thart £lOO,O(xJ. Communlcations Funding to provide a communications hub to and from the Third Sector in Leets alon8wrth revant infonTration, support and advice. The 14atlonal Lottery Communlty Fwl: GimgTime Adult Funding provided byihe The Natiortèl Lottery Communrty Fund Reaching Communities Fund to continve the work ofthe VAL Prisoner and Ex Offendef Volunteerin8 projecl which aims to encoura8e prisoners to consider volunteerinR as an option to help them increase their employability skills. selfsteem and sell-confidencewhilst reducing reoffending and re-admittance. LCC Greeruse WherS Funded by Leeds City Council. the project airns to work wilh a local community and entourage them to identify, develop and then run attivities ihat meet their own need5 Leeds City College- Social Action abxl Dttal 8es Working as a partner of Leeds City College in their Social Aciion project. which is fvnded by Sports England. to develgp a model for social artion projerts for Further Education establishments. e Collertlve Funding provtded by HPOC to roll out the Be Colleclive volunteer management tool across or8anisations in Leeds. li is a volunteer recruitment platform that 15 now being utilised by both third and statutory settor organi5ations across Leeds. The management tools in the system will allow us to better quantify the amount of formal volunteering happening acr055 Leeds. Leeds C6fy Coun¢ll- Nehl)ourhood Matth Funding to work with the Leeds Community Anchof Netvmrk io pilot an approach to fundingvolunteer led organisation5 for the projects they undertake, where project fundin8 is related to the number of Inteer hours. leeds City Council- Housthold Support This funding is distributed via the Leed5 Community Anchor Network to enable frontline organisations to support indivitluals and communities with Pradical support around the cost of liv including food. fuel and essential item5. Leeds Clty Coun¢4-W¥rm Spaces Fundin8 to support local or8anisations providin8 safe and warm'drop in. spaces and artwities that promote social connection. The National L•ttèry C4)mmunity Fund LCAN This is fundin8 to support and enable positNe social action to build thrivin& empowered and inclusive local communities throu8h providing local infrastrutture support and buildin£ capacity and ]Ilence within the VCSE sector. Amicable Funding for the research project Yhe 6 STEP AMICABLE Programrne= Addressing Mental heakh In Cu5to(ty A Brief Learning Envirofiment.. A peer-led 6-step problem-solving inter¥ention using an interrupted time series analysis and integrated matched tohort study design. 31
VOLUNTARY ACTION- LEEDS Notes to the financlal ststements forthe year ended 31" Marth 2025 (Mntlnuedj 19 Movemenis In Fur IntInued) Communlty Champlons-lunded by Leods City c¢n¢11 •nd West YOht LWA8- part ofthe NHS Funding to enable a group of volunteers to promote posItp health messa8es to minoritiied communities Poc Culturally Diverse & Faith Gr•wp funding to prgvide resources to help culturallydivetse and faith 8roiips to becorne more stable and sustainable. WY Pot Volunteer & Trustee Projert Fundin8 io promote learning and capacity building around the voluntaryworkfofee lincludin8 tnjsteesl with a partKular focus on organisations working with tulturally diverse communities. LCAN Community Recovèry Fund Pass through funding via LCC for a city wide projett where AThcho will provide micro8rants to groups in their communities to hold events and actiwties which bring people from within and across comnwnities together. Llol N•h¥ork and Feknhip Funding via the University of Leeds tosupport researth in connection with the Leeds Digital Volunteer¢n8 FÈa5ibility Study Reducing Parental Conllirt Lccfunding for a projert which look5 at providing trainin8 to re¢Juce pafental conflict in different cultural contexts Good Job5. 8etter Health. Fairer Futures LCC funding to further develop strategic conneetions and relationships between both the City and Business Anchors and the VCSE sector to ensure an ongosng legacy from the Good Jobs. Better Health. Fairer Future5 IGJBHFFI project. Digital I1$10 UKSPF lundin8 via LCC for the employment of a DtBf(al Inclusion officerto work with organisatlOn5 to increase digital inclusion. UKSPF Communlty Cohesion UKSPF funding via LCC for a Cultuièl Cohesion projert related to Volunteering. TraD51ers LCC provide funding for a range of actmties. Given that the tosts of these activities exteed the grants provided, transfers a made to the 8eneral fund tg refSert that some of the costs of these activities are met by Voluntary Action from other itttome sources. Transfer5 have been made Irom the ihroueh fundin8 to cover VA-L expenditure incurred in the year after authori5ation from the funder5. 32
VOLUNTARY ACTION- LEEDS
Notes to the finandal ststem•nts forth• year ended 31° M•r
VOLUNTARY AcnoN- LEEDS Notes to the fJnan¢lal ststements fortheyear ended 31° Marth 2025 Icortlnwdj 20 Employee Benefft Oblityions: TRT Retlr•ment 5•kn•-The Gro¥rth Plan (continu> PRESENT VALUES OF PROVISION RECONCILIAnoN OF OPENING AND CLOSING PROVISIONS 2025 2024 Provision at Start of period 785 Unwlndlng olthe dlscount factor lintere5t expensel 21 Deficit ¢Ontiibution paid I)} 19601 Remea5urements- impatt olany change in assumptw 12 RemeasuTements-ameThdfnents to the conlribution ¥thedule 1,910 Provision at end of Feriod 1.928 785 INCOME AND EXPENDITURE IMPA 2025 2024 Interest expense 21 Remeasurernent5- importof any change in a$SLNThOiS 12 fteffa5Jrements-amendmentstothe contributTr %hed¥le 1.910 Contributions paid in respect of future Str Costs recognised in income and expenditure Kcount include5 defined contribution schemes and futUTe servitt tontributions li.e. excluding anydeficitreduction Paents) to defined benefit schemestthich are treated as defined c¢)ntribution scheme5. To be compled by the company. ASSUMPTIONS Rate of discount 5.31 5.52 The discount rates shown above are the equNalent single discount rates which, when used to discountthe future recovery plan contributions dtse, would gNethe same results as usin8 a full AA ttrporate bo1 eld tur¥e to discountthe same rectsryp1an Contributions. 34