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
CO￿AN1Es HOUSE
111
A10
#154

VOLUNTARY AcnoN- LEEDS
Annual report attd financ6al Stste￿nts 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 Stat￿Ory income & expenditure account)
14
8alanct shtèts
Is
Cash flow statement
Notes to the financial statements

VOLUNTARY Ac￿oN- LEEDS
Legal and admlnistrathte Inforn)aii¢
IAEsY5
ANCurt
C N Holkn"ns Iwesigned 14th Feb￿￿ty 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 ¢re￿8Thed 315¢ March 20251
S Ckirke lappointed 25thSeplember 2024. re5vdned Ilth
November 20241
G Brirtu%lapFoinied 25th September 20241
H BailtylCh*f Officer- resigned l7thJU￿ 20251
Csawyev IStrattgK Finance ma￿8trI
COMPANYSECRETARY
L Green laFwinted 17th1￿Y 20251
REGISTERED OFHCE
sIM*er H￿se
34 Lumon Street
Leeds
LSIO 2QW
REGISTEREDCOMPA14Yf41JMBER
555150 IEnEknd and wa￿$)
ltEGISTEREDCIIAR￿ 14VMBER
225863
INOEPENDEKf AUWORS
Thomas C￿mb$ Lwnited
Statutory Avdiior
Charteted Actountarts
3365 The PentaEon
Cewuryway
Thorpe Park
WestYorkshir*
LSIS 828

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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 AuthorIt￿S and Voluntary Or8anisation5 e￿aged 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 Charita￿e.
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 a￿5. 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 00an￿10Ths 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.

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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 s￿nIfIcant 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 A￿lON- 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-t￿daY delivery. outlined in further
detail below. Over the course of the year. we have a150 Priortlised devek*pinB ￿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[t￿n 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 G￿1 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 throL￿h 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 N*tyi¢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 CIt￿S
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 Communi￿based 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 CourK*s IC*J% 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 fosteri￿nt workin8 for the btntfft of the tommunities of Leeds.
letds CommunltyAnchor Network ILCANI
The work of LCAN continued to St￿ngthen 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 Cul￿ra1￿ 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 R￿uCtIon 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 stri￿eT 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 comprehe￿1¥e payroll service for VCSE organisatiOAS in Leeds and beyond.
RecrUIth￿Tht 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 Con￿unity 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 eb￿d 31" Marth 21)25 l¢ontlnuedl
Review
The linancial statements comply with the Companies Act and the Stateff￿nt 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 sUrp￿S 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 ao￿antageof 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 Icontinu*d}
Govèmont do¢W￿t 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 char*ty 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 identif￿d 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.C￿0 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 pu￿*St$ 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(co￿tIng Praet*el.
Company law requ￿e5 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 S￿￿MentS 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 finan￿al 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 sect￿￿5
of this reporL
Olher Infoimatlon
The other infom)ation comprises the information included in the trustees annual report, othef than thef1n3nc￿ll 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 theMse￿e5. 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 Pa￿nI 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 reC￿ved 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¢SF￿1bilitles Statement. the Trustees (who are also the dire￿015 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 mI￿tatement. 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 reSpons￿lI1t1es 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 r￿Ul￿rty and the team remained
alert to instances of non-compliance throughout the audit.

VOLUNTARY AcnoN- LEEDS
Independent auditorf reporttts the MembevsofVOLLn￿AftV 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 add￿5 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 regulatK*ns. 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 r￿leW inC￿ded 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 5￿t￿AudItOr)
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 offina￿lI1 aclv4fitieslortheyearendEd 31JtM•rth102S
I1￿01pOrati￿ staiutory iworne & a(￿￿1)
2025
2024
TotalAuftd5
Noies
INCOME AND ENDOWMENf5 FROM
Donat￿nS artd legac*s
225
825
Ch*rftsNÈ artlvbties
Grantsand similar income
Ch3ritable activityes
Provision of support servKes to charit￿3￿d 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
pl1￿1(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
I￿1241
9351
363fi56
IA24248
1.274.277
13

VOLVI￿ARy 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

volu1￿Ally AclloN- LEEDS
Consolldated Cash Flow Ststement
For the Yearer￿ed 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
I12￿82)
{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 Charit￿5.. 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 Othe￿￿Se 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 exper￿ltUre is suffioent with the level ol re5erve5 lor ihe
charity to be able to continue as a g￿ng 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¥1￿e$.
Income
All income is included in the staiemeftt of finantial adiwtiès w￿n 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 Incl￿eS 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 inCUr￿d by ihe chaiity in the delrvery ol its artivitles and seThices for lis
beneficiaries. It include5 both co5tsthatcan be allocated dIrect￿t0 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 ¢r*ditors rtt*b¥abl* / pa￿bIe wiihln oney￿r
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£t￿tIn¥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
SO￿90
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 F￿d
Leeds City Council- Warm Spaces Fund
Leeds Cliv Council- Infra$twctu￿ Support Fund
Leeds City Council- Yo￿ng 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
I79￿￿0
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
I43￿84
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¢￿U￿t
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 donat￿n5 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
3￿0¢
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 inc0mellempendltu￿I 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 5tatementslorthe￿ar ended 3111 Ma￿h 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" Ma￿h 2025 {￿ntInuEd1
11 Comparail¥es for the Statement of FI￿nCIal Acti¥ities
Restrlrted
Other
Vnrnstrkt￿ pass through restricted
Funds
l￿d$
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 I￿14,796
938.3YJ
2A51.766
Totsl exPendi￿re
388.631 I￿14.196
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 Tan￿￿É Fixtd Assets
Grnup •nd Chwlty.
Fthres and
fittlnes
Freehold
Property
T*>t•l
CostI￿lUatIO
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 1X￿dIn
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 ¢￿tin￿￿j
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 ¢M*ytar".
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
7*61
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 (Cont￿￿ed)
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 charlta￿e 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 iefLy￿S￿enl 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
SaferCiThmynil*S
R¢dutih8Par*mtal Confi*t
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". SOtsalAcE￿Jnd
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
Tw51ee*ojert
Vol¢tiorrPLK t￿tt￿raIy &
FaithGroup
LCC". Greenhou5e.Wythu5
LCC.. Community Champths
LCC Nev4hbouthood matc￿
LCC HOusÈho1dSupp￿t Ipass
thro￿h)
LCC Spa¢eslpassihr¢y8hl
A8CDce￿brat￿)n Everyt
LCC commun￿tYca￿e Hub
LCAN Cornrnunity Recobyry Fund
UOS Netwrykand Fdhi¥¥ship
LCC-GoodJobs8etterHealthFawtr
Futurts
D¥ital Ine1￿1￿￿
UKDSPFCommurMtyCohe5ion
9M2
7x177
2SA42
lJ2.5191
{94WI
{•9￿1>1
3926S
9.758
702
3JlZ
iU163
I1￿￿54)
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 (a￿￿7￿)
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 Iconlln￿td)
Desl
nated Funds
Redundancy & Legal Costs
An amount of £50,oC￿l2o24.. £so.(￿l is designated to eo*r 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 e￿stIng 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 A￿et 8ased Éniag*ment
Fundin8 to facilitste Third SertOT engagement with the Clinical CofflmTrsshJning Group5.
Leeds Culturally Dl¥ewse H￿ts
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
aloftg￿de 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 sul￿ble 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¢0￿1n￿ed)
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 re￿vant 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. self*steem and sell-confidencewhilst reducing reoffending and re-admittance.
LCC Greer￿￿use W￿herS
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 D*ttal 8*es
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- Ne*hl)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 I￿￿nteer 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￿ I￿ntInued)
Communlty Champlons-lunded by Leods City c¢￿n¢11 •nd West YO￿h￿t 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 I￿1￿$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<h 2o251wrtl￿I
20 Employe• benefft Obll¢atlon& TRT Retirtmttht SOl￿10n$-The Gro¥hth Plan
The tompany partitipaies in the scheme. a muki-ery>loyer sthtrnè whith provTrdes ￿nefits to some 521 non-as50ciated
participating employers. The scheme is a defirTred benefit scheme in the UK. It is not possibbe for the company to obtain
sufficient information to enable r( to account for the scheme as a defined benefft Scheme. Therefore it accounts for the
scheme as a defined contribution scheme.
The scheme Is subject to the funding leeislats.on outlined in the PensionsAct whKh came into forte on 30 December
2W5. This, tO8ether with documents Issued by the Pensions Re8ulator and Technical Actuarial Standards issued by the
Flnanclal Reporting Councll, set out the lrnmework for funding defined benefft occupational pension sthemes in the UK.
The scheme is tlassrfied as a 'last-man Standing arrangtment,. Therefore the Company is potentially liable for other
partitipatine employers, obligations rfthose empltytrs are unable to meet their share of the scheme defitlt followlng
withdrawal from the schemè. Participating employer5 are legalty required to meet their share of the 5chern? deficit on an
nnuity purthase basis on withdrawal from the
A full actuarial valuation forthe stheme was carried out at 30 September 2023. This valuation showed assets of £514.9m,
liabilities of £531.Om and a deficit of £16.Im. To eliminate this funding shortfall. theTrustee has asked the participating
ernployers to pay additional contributions to the scheme a5 follow5..
Oefkit contrfbuiions
From l Ap￿ ￿25 to JI Marth J)2&.
IiI).IJXl per￿n￿rn
(Payab￿ monthtyl
Unless a concession has been agrÈtd with theTrustee the ierm to 31 March 2028 applies.
Ngtethat the schem¥s pre¥ious valuation was carried out ¥rith an effective date of 30 September 2020. This
valuation showed assds of £800.3m. liabilitie5 of E831.9m and a defiot of £31.6m. Toeliminate thi5 funding shortfall,
the Trustee asked the participatlA8 employers to pay additional contributions to the scheme as follow5:
Deficit contribution5
From IAprl 2022 to 31 January 2025..
.Jll(ts) per¥num
Ipayable monthtyl
The recovery plan contributions afeallocated ioeach participating employer in line with their estimated share of thè
Series l and Series 2 scheme liabilities.
Where the scheme is Tn deficit and whtrt the tompany has agreed to a deficit fvndrng attangement the company
reco8ni5es a liability for this obligation. The amount recognised is the na present value of the deficit reduction
contributions payable under the agreement ihat relates tothe deficit. The present value is calculated using ihe
discounl rate detailed in these disc105ures. The unwindin8 of the discount rnte 15 recoenised a5 a finance cost.
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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$SLNThOi￿S
12
fteff*a5Jrements-amendmentstothe contribut￿Tr %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 Pa￿ents) to
defined benefit schemest*thich are treated as defined c¢)ntribution scheme5. To be compl*ed 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 tt*rporate bo￿1 ￿eld tur¥e to discountthe same rects￿ryp1an
Contributions.
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