Company No. 01913555 Charty No. 291890 Voluntary Action Islington Limited IA company limited by guawantee) Annual Report & Financial Statements 31 March 2024 Voluntsry Action Islington Limited Truste88' Annual Report For tho year •nd0d 31 March 2024 REFERENCE AND ADMINISTRATIVE INFO￿TK)N Rfglstered charity name Vduntary Action Islinglon Limited Charlty rnglslratlon number 291890 Company roglstratlon numb•r 01913555 Registw8d Offic• 200a PentonVi1￿ Road London N19JP Board of Trust••s The trustees who served the tharity during the perw)d and up to the date of Ihi$ were as follows: i J8been - appointed 04.12.23 Cdin A(lams MBE- resigned 01.11.2023 Craig 8urgess- appointed 04.12.23 Emma Victoria Hul¢hins- lapFKJinled Chair 26.09.23} Hussain Ahmed Irene victoria Winter- appointed 04.12.23 Joseph David Irvin OBE IChair}- resigned 01.11.2023 Jorge Llorens {Treasurer) Ken Hettiarachi Kevin Tumer Madeleine Ga$wigne Philip John Kelty- resigned 01.11.2023 Santa Gascoigne Chief Executive Officer and Company S•crntary Navinder Kaur Indopondent Examiners Goldyvins Chartered Accountants 75 Maygrove Road West Hampstead London NW6 2EG Bankors Unity Tmst Bank p 9 Brindley Place Birmingham B1 2HB Voluntary ACt￿n l¥llngton Llmlt•d Truste••' Annual Report For th• year ended 31 March 2024 The trustees. who are also the directors for Ihe purpose of company law. have pleasure in presenting their report and the financial ststemenls for the tharity fortheye*ended 31st March 2024. The trustees confmi that the financial statements comply wrfh current statutory requirements. the memordndum ar￿ articles of association ond the Slolemenl of Recommended Practice- Accounting and Reporting by Charities.. SORP applicable to charities preparing their accounts in 8c¢ordan¢e with FRS 102. Purpose and Alms Our charty's purpose as set out in the objects contained in the Memorandum of Association is.. To promote any charitable puipose primarily but not exclusivety for the benefit of the community in the London 8orough of l$linglon, hereinafter callod Ih8 area of b8nefrt' and in particular the advancement of education, the furtherance of health and the relief of poverty. dlstress and sickness To promote and organise cooperation in achievement of the above purposes and to that end to bring together represenL7lvès of not-for-profit organisations and statu authorities engaged in the furtharance of the above purposes within the area of bengfil bl In the post year the $tsff and trustees reviewed VAI'S mission, vision, values and aims and this annual report refjects these strategic changes. Our Vision A thriving Voluntary, Ccfftmunity, Faf(h and Social Enterprise IVCFSE} s8Ctor in Islinglon- enriching people's lives and building stronger communities. Our Ml$slon To strengthen Islinglon's VCFSE to dellver seThlces effectlvely and sustainably to promote social justice. Our Values Collaborativ•.' b￿"Idir9 partners￿p$ and co4esigning Solu1￿n3 Effe¢tlve.' creative, energetic andresponsiva Inclusiv•.' promoting the importance ofequity. equality, diversity and inclusk Positiv•.' tackling chall8ng8s by building on str8twfhs With Integrtty.. honest, professK)nal and respecffijl Our Stratoglc Alms 1. To support the devefopment, effectiveness and sustainabilty of 181ington's Voluntary, Cownmunity, Faith and Social Enterprise Sector {VCFSEI 2. To enable and strengthen volunteering. social action and wmmunity resilience 3. To facilitate a strorbger partnership working across the VCFSE to infflu8nc8 policy. decision-making and system growth 4. To run VAI responsibly. effectlvely and gfficienlty as 8 model of go(Kl pr8clice We are an accredited Lwing Wage Employer and aim to be an equal opportuniiies employer. Publ1¢ Benefft During the year the trustees have considered section 17 of the Charities Act 2011 and Charity Cotnmission guidance on public benefit. We have sought to ensure that the charity is fuffilling its charitable purpose lo benefit the public by fo¢u$sing on some of m¢)sl pressing social issues in the borough. including Inequality. Poverty. and Health and Wellbeing. Voluntsry Action Islington Limit8d Trusts•s' Annual Report For the yoar ended 31 March 2024 The trustee5 re￿ew, on a quarterly basis, progress made in delivering seNces that we ar8 implernenting to achieve outcomes in our strategic plan. This rewew is undertaken 81 the same time as OLTrr quartedy financial review. In gddilion. regular reports are produced for each of our funders and evaluations are undertaken as projects come to an end. main beneficiaries of our services are VCFSE organisgtions providing serwces and activities in the Loncbn Borough of Islington and individuals interosted in volunteering in the borough. OUR CORE ACTIVITIES Our corè activities, und8rtakgn in our Capacity as a Council for Voluntary Service5 (CVS) we detsiled below. ganise an annual conference for the local VCFSE sector on themes of particular relevance for the sector. Thi5 is an opportunity for our members lo provide feedback and to inform fithure priorities Provide an email wws seNce through ￿1￿] we bring lo the attention of members relevant policy 8nd fundlng Inltlatives. Members use this service to promote their loGal actiwlies. Our website is an important source of infomiation for news relevant to the sector Including funding and good practice resources for organ1s811ons. Prowde charities with desk spaces. aflordable meeting ar)d ￿nference rooms and share(1 facilities through our Resource Centre. We promote communty org8nisalions and volunteering to the wider public and we achieve k)cal press coverage for the Volunteer of the Year Awards. whth is held together with our Annu81 General Meeting Deliver advice sessions where loc81 residents and organisalions can get initial advice about starting or developing a local community org8ni5ation We are proud to run the only nationally accredited Volunteer Centre for Islington- matching people interesled in volunteering with local opportunitias in the VCFSE sector. We have a small team of volunteers involvad In this work which provides a drop-in ￿lce a week and promote volunteering al local community events We provide a volunteering datsbase that enables organisalions to p)st their own voluntegr opportunities, while al the same time allowng KN)tenlial volunteers lo create their profiles and search for suitable placements We have an arrangement with NCVO. prowding our members wth access lo NCVO membership and serwces at a discounted rate. VAI HIGHLIGHTS ACROSS THE YEAR C•pacity BulldinglOrganl*atlon81 D•velopment We fielded 240 S￿)port diverse requests, supporhng over 100 different groups on a wide range of issues. Positive feedback was received from many of these advice sessions. Three 1-2-1 surgeries wrth the National Lottery and fv40.meel the Funder, events with the Arts Council and CIoLKlsW.were held 8ThJ we produced tsvo lunding booklets and 42 funding up(J*es. In the summer we hdd 8 Small Groups Roundtable to listsn to Ih&ir view8 with Islington C¢xm¢S1 representstlves Sn attendance. A Monitoring and Evaluation workshop was held for len communtty groups. Voluntary Action Isllngton Llmttgd Trust808' Annual Report For th• year ended 31 March 2024 Commuftlty Development 18 Local Wellbeing Netr￿rk meelingswere held across three Islington loCal￿e3c0nneetln9 the VCFSE. public sectc¢ and residents with 150 members in att8ndance throughout the year. We launched Listening and So¢ial A¢tion campaigns to understsnd what matters most to VCFSE organisalions and I￿al residents. We supported Octopus Communty Netsyork syith Cornmunty Organi5ing workshops ot 4 rfterent events in the summer arKI prowded ongoing support to 7 Community Change Makers as part ofthe Local Wellbeing Nefv￿rkS programme. We eonlinued to liaise with the LBI Borough Resilience Forum, working together on developing ideas community reslllence prolacts and engaglng more resldents the Volunte8r C8nlre. Volunt•er Centre Services 59 new Volunteer Involwng Organisations IVIOSI and 571 volunteefs were registered with 164 new volunteering optK)rtunities promoted. We provided bespoke communications to these org8nisalions and residents. assisted by our invaluable team of VAI volunteers. We hosted our annual Islinglon Volunteer of the Year Awards celebration 81 the Union Chapel with 190 in attendance. to rewgnise and champion the value of volunteering. 6 volunteering fairs were hosted lo recruit volunteers, both online and in person. We increased our outreach in public places such as communty ￿ntres. colleges, universities 8nd Islington librarie5 to enable and raise awareness of volunteering in the broader community. We held one Volunteers, Monggers Forum meeting wlh LBI, as w811 as working in parbiership wilh the Bi9 Aliance, Crippl8gale, London Mel Universtiy and many others. As the Islinglon Mayor's Ch3rity of the Year 202&24, we worked with Mayor Cllr Gary Heather to raise awareness of the value of volunteering. Partner5hlp Working We hosted 3 Communty Conversations sesslons. helping to sel the agenda and co- chairinglco facilitating on important toycs. Working with Healthprom, we s￿ported cryani5ations preparingfor thearrival and ongoing support of Ukrainians. With Islington Faiths Forum, we contributed to a Community Festival in ju￿ to celebrate 151inglon's diversty. promoting community cohesion and collaboration. In November w8 held an adult community leaming session for 20+ organisations a5 wèll as a session on wetfare benefits for 50+ organisalions in conjunction with LBI. In March we partnered with LBI and London Met University for the Annual VCFSE Conference to see how wè eould work together more elfectively to laC￿e inequality and reate a fairer Islinglon with more than 125 delegates attendlng and conlrfbub'ng to round table discussions. Our CEO continued to work wlh our Advisory Group of local organisa￿n$ and netsI￿r￿S in the borough, faclitallng meetings and workshops. The Advisory Group started work on refreshing Ihe Islington Compact - the partnership agreement befv4een Islington Council and th8 VCFSE S￿tor. Our CEO continued to represent th& VCFSE at a number of LBI partnership and North Central London boards. Rosource Centre and our M&mbtr8hip During the year our Resource Centre continued to generate funds to suprx)rt the development of the local VCFSE as well as providing affordable desk and room hire facilities Voluntary Action hlington Limited Trustees, Annu81 Report For thg yo¥ gnded 31 March 2024 Dudng the year, we grew our membership lo WJ local VCFSE organisations and circu181ed funding updates, job alerts and Ioc81 communlty events via our massaging platlom)s, website and social media channels. 10. AdvlGo, Info￿all9n and ¥upport During this p8riod, we r8C8iv8d 240 r8ipJesls for support and 8dwce from local grow)s and residents, 8nd responded lo these requests vi8 emails, phone calls, but m8lnly through c￿e to one in-person and online meethngs. We held 100 1-1 advice sessions and infom)ation sessions with over 100 different groups, wlh 21 setting up as new organisalions. We worked %*ith some groups on 8 short-tem basis, whilst some groups We￿ given longer term support. We worked with a broad range of groups. %Mth most working in health and wellbgiThJ. children & young people, general purposes and women's groups who mainly focus on health ond wellbeing issues. As in previous ye￿. there was a high level of Cross ovor. and more than half of the groups We￿ Black and Glob81 Majority led. As in previous years, the top 4 most requested areas for support were the same. and Ihls Is not surprising 8s these are the main areas which enabla groups to gel estsblished and to approach fundefs and gel started on their joumey of working with Ihe communities they serve. The top areas of support requested: Funding and fundraising Registering a5 a charity or company limited by gusrsntee General organisational development (planning, governan￿. financral management) StsrtirvJ-up an orgonisation The feedback from the advice sessions has been very positive. Groups reported they received practical adwce and infomiation. and gained knowledge and skills that would help them lo start, develop and njn thelr org8nls8￿on$. Quote l.. '18m sharing knowledge and skills gwned on how to svnte lundiw app1Kat￿n8 and monitoring and evaluations. so that all our staff ha￿ the relevant sh-lls lo sust￿￿ the organis81ion and to be able to Gonlinue delt¥ering vital to ourcommuniw. Quots 2. Iljo advisor hglped e lol. In Novemb8r 2023, 18skgd Ihe advisor to Gomment on ourfunding applicafion b8fore submitting. Th8 advisorkindlych8ck8d the applicalion aThlmado some ¢orre¢tion. Our application was successful. In th8 pasl w8 attended training d81ivwed by VAI and galned consid&rabl& skllls In writing fundralsing, devel¢)ping our Business Plan 8nd funding slTrlegy. W8 are so grateful forall th8 help we received from VAI.. 1b. National Lott•ry l-tr￿1 surgeri•s-April. S•ptomb•r. Novomb•r 2023 Our work with the National Lottery Community Fund ITNLCFI is a partnership which enables local community groups to have 1-to-1 sessions wilh the local Lottery Officer. We have done more outreach this year. with sessions tsking place in ¢ommunity centres such as Elizobeth House and Brickworks - in order to reach out lo local groups and make the sessions more a¢Gessible. The sessions were held April. September and November and the Lottery Officer advis8d groups on how b8St to apply for Lott8ry funding. In total 11 groups r8ceived advic8 on their funding ap1￿lea￿'0ns. Ev8lua1ion feedback from sessions shows a high level of 8atisfactiorTr s*ilh the advice pyovided. Voluntsry Actlon Isllngtt)n Limitod Truste￿, Annual Report For tho year onded 31 March 2024 Quolel." "Ihave gained great insight into the lottery funding and drfferent types ofpK)i￿ls fvnders are seekAITg to support whiGh is helpful for ourorganis81ion wh9n considering the development oft)ur currenl and newprojeds. l fvel much more confident to take the ngxt st6P to 8PPty foran award with the lottery fiJn(f. Ic. Fundlng Booklgt, tundlng updat08 and promotlng Islington Funding Toolkit This year we produced two funding booklets each having on average of 20 new entries and a lotsl of at least 100 funding programmes in each booklet. The booklet was promoted on VAI'S news group over 10 lirnes. and il has a presence on our website. These were updated and disseminated in August 2023 & March 202 We also collated and disseminated over 42 funding updates thrOL￿hOUt the year, at least two ￿r month. We have received positive feedback on how helpfvl these regular UFthles are to group5 who are 50urcing funding opportunities. The Funding Toolkit was sent out on 10 separats occaslons VAI'S Newsgroup. vthieh is made up of a membership of 880 local groups and orgenisalions and partners. A workshop was held on the 6th December 2023, with 30+ organisations attending. In total, there are 265 unique users that are registered lo use the toolkit. 1d. MO￿ th? Funder Evgnts_ 2Vh June and November 2023 VAI collaborates wth var￿u$ funders and org8nises 'Meel the Funder, events. Thls year we hosted 2 s8ssions. On 27m June, we hosted a session in which the Arts Cwn¢il and Islington council show-cased their latest funding opportunities and adwsed att6nd88s on how to aceAss and best apply for funding. 40 people attended Ihe session. On 2n0 November, we held the second event with Cloudesley. The Cloudesley Health Programme Fund supports 151inglon residents who have physical or mentsl health isyues and who are on low or no income. 32 people ottended this session. Feedback from both 5e85ions were very positive. Quotel.. °A reallygreatpresenl8tion from the Arts CounGil. ttgave me GonffdenGe fo apply and in fact wo may fornp a consortium with our Gommunily c8ntres lo make on oppli¢01ion" Quote2..°It Was go(xlk) hearfrom theArt8 Counc￿. Ilik8d Ihe spe8karandthought Iheyadded more than we wldhave found onlin8- Quote3.' "The sessK)n was useful, and I have gained further underst?nding of CloudesleJ4s pri0nt￿s.. 1•. Small Groups Roundtablg- 2Pty July 2023 (online) We held a Roundtabl8 discussion ￿th a range of small groups and organisations arKI wanted lo check in with them as a group. We w8nled lo listen to the needs of har￿￿OI￿ng grass roots groups in Islin9lon and those that we have been working wth over a long period of time. Nadeem Murtuja. LBI Corporate Director for Community Engagement and Wellbeing {Interim) and Executive Member Cllr Una O'Halk)ran were both in attendance. 12 group$ attended and they fed back to us 8boul their needs and concems. Important questions were asked such as, what dIff￿j111es is your organisation having7 What would help yDurorganis81ion to devdop and become more effective? What we heard was that most groups were struggling. and we responded by ¢thering an enhar￿ed package of support lo all groups in attendance. One group's feedbackto us whth reflected what others had also said'we have difficutties with workload. demand for our seThlces have increased 8$ we 8re reeeiving lots of wuests. We Voluntary Actlon Isllngton Umlt•d Trustees. Annual Report For th• y•ar •ndgd 31 March 2024 laGk funding, wo have no venue to run our acllvllles, and we Strugg￿ fo pay s88slonal worker8. Wg havg difficutt￿S generating income and achieving financial sustainal)ilty". 1f. Monltorfng and Evaluation workshop- 2W February 2024 In February, we delivered a ts110￿d Monitc￿ng 8nd evaluation workshop for orgonisations with 10 groups attending. COMMUNITY DEVELOPMENT 2a. Local W•llb•lng N•twork8- North, Central and South Localities The Local Wellbeing Networks {LWNsl conts'nued to be a major area of work over the year. We continued to strengthen our partnership with the Octopus Community lo develop the mechanisms for promtsling c¢mmunty vol￿. connecbng the VCFSE. put4ic sector and residents and Us￿9 Ihis partnership lo co-dellver serwces. We continued to delSver bl-monthly meetings across the 3 Ioc81ities and continued outre8ch lo VCFSE, statutory partners and residents. We forged c1ts5er relationshi￿ with Evider)Gg Islington IPubliG Health), LBI Better Lives Alliance, and the Borough's Resilience Forurn. We engaged 150+ members across all 3 Netsvorks, a third of vthich are Islington residents. 18 Local Wellbèing Nefvlorks meetings were delivered across the 3 localities in settings accessiblo to residonts and practitioners, with apFwx. 25-35 members att8ndln9 Local Wellbelng Neh•K)rk m88ting. W8 conlinued to Ilsten lo the priorities of the LWN members and18unched the Listening and Social Action campaigns to understand what matters most lo local residents. LWN members priorities included Ihe follo¥Mng'. Cost of living crisis {food, debt, fuel, and how can we support our most vulnerable residents more 8ff8Ctiv8ly. More r&sidenls are tscing fin8ncial anxiety and stress and incre8sing mental health issues. The most pressing issue those working in the North was chikI￿n and young people. with the environment being the most pressing need lor mernbers wOrk￿g in Ihe South- wth members particularly expressing concern about the overdevelopment of EC1, decimation of open space and selling off community assets. A priority was lo identify and map green spaces in the loc8lity which are accessible lo the public and spaces which have the potential to become green spaces the publK can have acc6ss lo. Employment issues - supporting residents to gel into paid work. Addre551ng b8rrlers such as childc8rè costs, need for cosl-of-limng support, language barriers. improvino skills ané low post pandemic employability. Mental Health and undgrstsnding of ht)w il effects people drfferenuy: Supp￿ needod for men especially, how to make services more accessible, using civic spac8 lo support health and wellbeing. Sup￿)rting those who are struggling to connect with others, increased omplex needs amongst service Lssers. limitation of NHS mental health services and the role of cc4nmunlty (psychosocial supwrt) being key lo wellbeing. Launch of knslening and Soci81 Action Campaign- 20 July 2023 LWN summer event held at Whittington Park Community Association in Juty 2023-wilh the launch of the Listening and Social Action Campaign. with 60+ organisations and local residents attending the round table event. The Listening and Social Action Campaigns focused on getting an understanding of what people love and are angry about. ur￿0Vering real problems and exploring possibilrties for ch?￿je. Listening through 'sofa talks, and 1..1 Voluntary Actlon Islington Llmitod Trust••s' Annual Rèport For th• yoar •Trd￿ 31 M?￿h 2024 conversations LWN members set aboul captuiing powerful stories and en8bling people lo lake leadership and make connections. VAI and Octopus cpened conversations with Help on Your Doorstep and Manor Garden5 Welfare Trust lo explore a partnership that would respond effeclively to the costryof-living uisis through a capacity building programme focusing upon the most vulnerable residents ac￿SsIng Crisis 8nd eMerge￿Y food Provision. Pathers actively participated in the LBI Cosl-of Living Strategic Board presenting ideas and potential solutions to achieving systemic change. We worked collaborativety to develop a capacity building model and proposal to take fO￿ard the 2b. Community Organi95ng and Communlty Chang8 Makers As part ofthe LWN initiative, we suppNted the second round of workshops that look place Octopus Communlty Ne￿Ik Ilhe bor￿gh.8 social actKJn hub) delivering tha training.. 4th and 5th July with 12 people altending 13th July at Sl Luke's Communty Centrè. with 10 peop￿ attènding 28bl August with 15 people attending We also promded ongolng supwrt of 7 Change Makers- helplng lo dellver 2 major events 2¢. Community Resilièncè We continued to liaise with the LBI Borough Resilience Forum. with an amIMI￿n to vK>rk on.. Community resilience projects delivered in p8rtnership Developing 8 Community Resilience Toolklt Engaging more residents registere(I with the Volunteer Centre VOLuKfEER CENTRE SERVICES 3a. Voluntear of the Year Awards- 1•t November 2023 We hosted our annual Islinglon Volunteer of the Year Awards celelxalion on 151 Novgmber 2023 at the Union Chapel. We had over 250 people register for the even( w+th 190 attending. Th81 helpeé us lo create a more positive environment in vthich the value of volunteering was recognised wlth the biggest number of attendees ever. Our Volunteer of the YearAwards were again sponsored by Doubletree by Hilton Islington, who provided the prizes, and we had local media coverage. raising the profile ofvolunleering locally. The awards were announced by the Mayor of Islington. Cllr Gary Heather. The winners were.. Older Volunteer of the Year 60+- Jill Ellenby and Ben Griffith, Elizabelh House- Highbury V81e Blackstock Trust Vdunleering Team ofthe Year Union Chapel Asylum Seekers Proiect Vdunleer of the Year 2&60". Zoe Coventry. Middle Easlem Women and Sctiety Organisalion {MEWSOI l Litt￿ Village l The People'$ Army l MeryGoRound & Law￿n￿ Curbs. Healthy Minds Healthy Bodies Pal Haynes Memorial Trustee of the Year.. Anne-marie Ellis, Cripplegale Foundation Young Volunteer of the Year 1&25.. Mary8m Amia, Middle Eastsm Women and Soclety Organisallon {MEWSOI 3b. Volunt•oring Fairs and Outreach VAI increased the number of volunteering fairs. hosting 6 faits during the year ￿th 8 number delivered in partnership Volunteer Centre Camden. to support the recruitment of volunteers, both online and in person. In total 313 residents attended the vofunteering fairs. wth 57 VCFSE organisalions atlending across the 6 fgirs. Voluntary Action Islington Limit•d Tn￿tees, Annual Report For the y￿r end￿ 31 March 2024 We also increased our oulreach in public places like CLxnmunity centres, colleges, universities and Islinglon libraries to enable and raise awarenes5 of volunteering in the broader community. 3¢. Voluntogr M•nogers Forum- 18 July 2023 We held one forum m88ting in partnership wth LBI. 3d. Volunts•r C•ntr• Partn•rnhip Work Contributed to the Islington Volunteering Partnership meetings- with repr8S8ntatives from L81, Big Alliance. and Cripplegate Promoted London Met Universtty Charities & Soaal Entefprise Clinics Strengthened links wlh the local LBI Employability Prackn"lioners Neiwork Represented VAI at the Equality, Diversity and Indusion Forum IGL41 arKI the London Volunteer Centre Nètsvork SU￿SSfUllY ran a pilot wrth Union Chapel to increase number of Asylum Seeker volunteers Peabody Community Pariicipalion Ftrry'ect Conlrbbuled to the GLA Community Resilience ￿￿e¢l 30. l$llngton Mayorfs Charity ol the Year 202>24 W8 wer8 8xtromely pleased to be chosen as the Mayorfs Charty of the Year. We V*￿rKed in partn8rship with Mayor Cllr Gary Haather and th& Mayorfs Team to raise awareness of the valtje of volunteering an(1 increased the number of local people tsking up vdunteering rofes across all part of Islington. . Our R•xh We sent regular communications lo organisations and residenls registered ot the Volunteer Centre with.. 59 new Volunteer Invofvlng Organlsatlons IVIOSI reglstered 164 new volunteering roles promoted. 571 new volunteers registered OUR VOLUNTEERS AND STUDENT PLACEMENTS In addition to our Iruslees. during the past year, VAI had a small learn of voluntsers assisting us in delFvering some of our acbmties. The volunteers supported the customer Servi￿ of VAI Resource Centre and assisted with our Volunteer Centre brokerage service. They arranged face to face meetings with potential volunteers. supported the online Volunteer Fairs and promollng volunteerlng opportunlties across Islington. By volunteertng for VAI, the vohjnleers gained valuable work experience which resultsd in ona volun18er gaining paid employment at VAI. Our volunteers during this year included- Community Volunteering Advisors: Nisreen At()u Henda. Marfene L811. Taina Zovora Communications.. Daniel Belay Gessesse Resource Cenlre: Deborah Makonnen, Jthn5ton Walker. Christian O'Brien Local Wellbeing Ne￿rks. James Wooldridge and Soumaiya Ed¢JO 4a. CommuDIty Convgrsatlons We continued lo host Community Convorsalions, helping to set the agenda and wha￿ng1¢0 facililaling.. Voluntary A¢tlon lsllngton Llmlt•d Trustees, Annual Report For tho year endod 31 March 2024 Keeplng your famTTy healthy over the Winter perlod - V October 20Z3 lonllno) We worked with LBI colleagues to proV￿e an overview of key infectbus dlseases of concem- measles. Covid-19 and flu., information and resou￿9$ on how we can support l¢xal ￿sIdents to stay safe and h8althy and update on vaccine eligibility and availability. Islington Populallon & Key Inequallty Trends- 24th October 2023 {onlino1 Over 70 otganisations registered to attend thi8 sesshin highltghtirKJ changes to Islinglon's population and inequalitie5 beiween the 2011 census and 2021 census. Youth Safely- 4th Decembor 2023 (lTrp8r￿nj We looke(l at the current picture. incI￿￿1ng I￿1 issues and Islington's Public Health approach to youth safety, Safe Havens and roll out of BW Control Kf(s and the review of Islinglon's youth safety strategy and violence a9ainsl women and girls, wlh a focus on the role of VCFS in keeping ouryoung people safe with examples of local work and how the VCFSE can becomè more involved. 4b. Supporting Ukrdinian Refugge Famllleg- 10th May 2023- {onllnel We secured funéing Irom NAVCA lo support organisatsons %%hi¢h were preparing for the arrival of peO￿e from Ukralne and subsequent support for them as well as better c(￿OrdInatiOn of activities within the VCFSE and Islington Coun¢il and to build capacity where it 18 needed. We teamed up with Healthprom who were commissioned by Islington Council to provide direct support to Ukrainian families arriwng in Islington of ￿1¢h there* wgro 270 moslly women and children as part of the Homes for Ukraine Schem8. Our partnership stsrted in Mareh 2023. and continued over the next 6-months bringing together council and community service to raise awareness and Cctrordlnate support for Ukrainian famllies. 4¢. Communlty Festival- 12th Juty 2023- In person, Assembly Hall With Islinglon Faiths Forum leading, we contributed other partners to Celebrate Isliroton's rich div8rsty theroby promoting Communty cohesion and 5afety-, B005t the morale of residents, workers, volunleersand cross-seclorgroups in Islingkni., Promotejoinl worknng be￿¥een community nehyorks and group5 plus LBI and statutcry organisations all with a wew to serwng the comrnunty optimally logetheT in Islinglon. 4d. Aduft Communlty Learnlng- 28 Novgmbgr 2023 lonllng) This session was held io promot8 Islinglon's off8r for r8sidents in thè borough and Included focus on Family Learning- ESOL (English for Speakers of Other Languages),. English and Maths- Digital Skills.. Vocational and Employability Skills,. Creative, Practical and Well-being. 20+ organisations attended this session. 4•. Overylgw of Wolf*• Bon•flts- 15 N0￿mbar 2023 {onlln•) This sassion was he￿ lo promote LBI'S Imax and R8sidenl Support Service and how it can halp residents with the ris8 in the cost of living. 50+ organisations attended this session. 4f. VAI Annual Conferenc• Unlverslty 1¥h Ma￿h 2024 (ln per¥onl Gr•at H•ll. London M¢t We partnered with LBI and London Met University to see how we could w￿k together more 8ffeclively to tackle inequality and create a fairer Islingtsjn. Our aims were to Share Islington's priorities in tackling inequalty based on the nKJst recent data evidence and plans for future research. 10 Voluntary Actkln Isllngton Llmlt•d Truslee$' Annual Report For the yow ended 31 March 2024 share insighl from the VCFSE on wh8tthey are seeing and experienang on the 9round through their inleraclion with communities and h¢w they are responding in partnership th the stalulory sector. explore how we can work together more effeclivety in the areas of eMplo￿nent support and improwng the mental and physical health of communllies who are experiencing the worst outcomes. Ilghlight the challenges that the VCFSE are currgnlly facing and lo expl¢ye the (pportunities for the VCFSE and how we can move toward more collaborative commissioNng and grant funding drrangemenls. share our ombttion lo refrosh the 181ington Compact the partnership 8greement tetsveen the VCFSE and statlrtory sector, whSch Includes developlng best praclce guides and toolkits. explore ways of increasing investmgnt in the VCFSE to support ils development. frffecliveness and sustainability. Wrth over 100+ dol•gates, tho faodback Includ•d: Theme: IM)at are VCFSE s¢ein on the Residents presenting with increased complexth'es with vast amount of unmet need in the borou Peo e'8 lives are unnecessaril difficult when it comes to accessin Costs of travel. thildcare are hu baffiers Digitsl exclusion, food insecurity and menlal heollh amongst young people need to be addressed Th•m•: Em lo ment Families need im ctfL¢I e ent Youn e are distrusted b em lo Chari and busine55 sector stru to fill roles Culture needs lo chan with em ror nisalions Volunteerin not V81ued enou hasaste Stone Theme: Setvlcesls ms Gro7*lh Lack of accounlabili when services are inaccessible Disconnect be￿n theo vision and racliee Howcan we look al s lems chan e rather than ffi￿fI Cultur8 n88ds to chan with em ror anisations Volunleerin not valued enou h8sasle stone ove information sharin Services need to go to wher8 people are - to provide information and raise awareness of serwces Statuto services need to out lo the communi Need to listen to residents and t better 81 reachin them Lots of serwces- issue is how to en with Ihose that need il Model od &lice for ac￿Ssible Se￿ices- need for Ihis lo be Ir8nsf8ffed to all s8Nices Streamline referral cesses Need better understandin of the sector and residents Need collective im cta ach Thèmo: Partnershi Collaboratlon Consult VCFS earlier not when decisions are made Underdevelo resouice challen es, takes 8 lot of tlme to build. need lead Use dal8 to identi those not accessin services Develo connectigns services htin individual &2¥es son Voluntsry Actlon Isllngton Umltod Trustees. Annual Report For tho year onded 31 March 2024 Brin rou slo ether to a for fund Build connections with universrties Themè: VCFSE I$su8sINé•dÈ Ex clalions are loo hi VCFS lakes the slack where ststtjto sector services fail Sector needs lo be more asserbve. Need call lo action Need to be better al colle¢tin evidence showin ct, data that shows success capac1lylresou￿e limilalions affect the s￿l0r5, ability lo do more finding the balance betsveen toda 's needs and lookin futurg lo Ihe future Ex lore o rtuni1Ses for olnt bids- s onsor VCFSE to bid for fundin lo find solulm)ns Sharin infomiationldata More o rtunilies to meet and share info on seNKe offers VCFSE lo also do more to romole offer, et messa e out there More collaboration. Local base(1 events like fairer to ether a roach Public health events for VCFS Events about s ific themes Thgmg: Invgstm•nt In tho VCFSE More use of $106- this needs lo be on services not'ust infraslruclure Anchor institutions ènd businesses encoura ed lo work more VCFSE Needs resources can't be ust a alewa lo the commun(£ Funders lo streamline a licationsl l ￿sOUrceS Partnershi lutions- toolkitsla reements 49. VAI'S Advisory Group OUT CEO continued to work wth our Adwsory Group made up of the following organisations and ne￿OrkS in the borough ond faalilaled meetings and workshops: Age UK. Brickworks Community Cgntr8, Copenhagen Youth ProjeGL Cripplegale. Healthwalch Islinglon. Help on Your Doorst8p, Islington CAB. Islington Faiths Forum, Islington Mind, Islinglon Refugee and Migrant Forum. Manor Gardens Weware Trust. Octopus Community Ne￿Ork, Sl Lukes Community Centre, Stuart Low Trust. Talk for He8lth. We extended the inMt8tion to Disability Action Islir)gton. Cloudesley and The Peel Cenlre. 4h. Isllnglon Compart- 11 Octobor 2023- (ln porson) One ofthe significant areas ofwork that the Advisory Group started workiro on was th8 refresh of the Islington Cornpact - the partnership agreement betsveen Islington Coun&1 and the VCFSE sector. We held an evenl in partnership wth LBI in October. Following this, a small working group made up of Age UK Islinglon. Islinglon Mind, Islinglon Faiths Forum and Stuart Low Trust drafted a set of 12 Compact Principles. More work on the Compact wll be done over 202425. 41. Local RepresenLition Our CEO represented the VCFSE at the following LBI pgthership boards including.. Islinglon Borough Pathership Islington Together Cost of Living Summit Islington Cost of Living Board Fairer TogetheT Portnerships Board Islington Community Safety P*ther8hip B08rd Islington Borough Resilience Forum 12 Voluntsry Action Islington Limited TTUStees' Annual Report For tho yoar frnd￿ 31 March 2024 45. North Central London {NCL) Roprosentation Our CEO ￿presented Islington's VCFSE at the following NCL p8rtnership boards.. VCFSE Alliance which includes CVSS and s&rvice providers from Barnel. Camden. Enfield. Haringey NCL Inlegraled Care Board- People's Board, Population Heakh Board. NCL Research Netsvork 5. Re$our¢o Centr• Facllhl•s r Resource Centre on Pentonmlle R08é conl'nu8$ to generate funds to support the development ol the local VCFSE and provld8s a model ol to-locatKJn and efficient use of ources. During the year, we continued lo provide desk and room hire facilities lo charities and community groups. activity increasing from the previous year. Charltlos and Communl ACTSA Action for Em Homes Action for Race E uali ACTSA ALAG Al-Ashar8f Commurni Welfare Ass¢xiationl Somali Woman's Grou Action for Em Homes Action for Race E BeU(nowmore UK British Institute of Hum8n Rl hls London until Se 12023 Year UK Communi Em Famil in Hamion First Ste Action Gendered Intelli Head Held Hi Headliners UK Health om HEAR Ne￿ork lon Refu èandmi Lakwera Semces rant Voi New Euro eans Re5 ect il Out Loud Club SERA The BEARR Trust Universal Ease to Re(tress rs CIC Elile Man? Roots u8ln our desk s e facilities ARE ARE until Se 12023 mient Netsvork CEN unlrf Se 12023 until Oct 2023 rant N6￿rk Youn Youn ement 13 Voluntory Actlon Isllngton Llmlted Tru8tè6s' Annual Rèport For tho yoar onded 31 March 2024 6. MEMBERSHIP AND COMMUNICATIONS Membershlp Servi¢es During the year, we grew our membership to 590 bcal VCFSE organisatsons. Going fmrd we will be reviewing our membership offer and will work on improving our services to our memborship. Regular C¢mmunl¢otlons We ¢ireJJlated funding updates. job alerts afbd local cemmunity events all our messaging platforms". Soclal Medl4 VAI and Volunteer C&ttre have 6.513 followers on Twtter with 3,800 following VAI and 2.713 followlng the Volunteer Centre. We h8ve Increased our Instsgram followers to 1,017. Newsgroup The VAI Google Newsgroup increased from the previous year lo over 880 local groupslorganis8tions. This is a pl8tlomi vthere the VCFSE shared local news about their services in Islinglon. up￿ request, we also di85eminaled news and infcfflialion from our council and public he81th colleagues. In 2023-24, 1.211 news an811s were shared using this FlattoTm. W•b$lt• Our website had over 40k vlsits frc*n VCS gr￿jp$I0rganIsaI1OnS accessiw a range of capacity building and organisational development inf￿M8￿0n1re5oUre8s and events to support the VCS in the delivery of their services. KEY PROJECTS AND HOW THESE WERE FUNDED Our main sources of income a￿ grants and don8tions from public authorities and chariteble trusts and foundations, together with space rental income from our Resource Centre. The breakdown of our funding during this year.. Islinglon Council core grant to continue our work in building ¢apacity among b¢al VCFS organisalions and operating our Volunteer Centre brokerage serwce- £75.¢JOO. Islington Council- Local Wellbeing Networks - £30,000 Cty Bridge Foundation via Camden Volurrteer Centre- enabling and strengthening volunteering %Mth the NHS - £9.300 North Central London Integrated Care Board INCL ICBI- to contributs to the NCL VCS Alliance £5,250 National Lottery Cownmunity Fund- to strèngthen our IT infrastructure £75.000 {with £73,870 carrled forward Into 24-251 GLA Community Resilience FLmd- to increas¢ ¢ommunity p￿pare￿ne$s for emergencies- £5,000 London Community Foundatlon- Peabody Trust- to engag8 more residents In volunteering - £15,000 VAI Resource Centre generated income- £287.114 FINANCIAL REVIEW The Slalement of FInar￿la1 Activities shows annual nel income, before gains on investments, of £2,16212023.' £53,307). That surplus comprised nel expenditure of £24,50212023'. £37,825 restricted funds and a £26,664 surplus12023.' £91,132) on unrestricted funds. The surplus on unrestricted funds was the effective operating surplus for the year. 14 Voluntary Action lsllngton Llmlted Tru8ta•8' Annu81 Report For tho yoaf ond•d 31 March 2024 After incorporating the £4,862 loss incurred on investment values in the year (2023- £14.9761 and a Iransfer of £3,542 to restricted funds12023." £nil}, the totsl nel expendiiure Ilhe annual lossl is £2,700 {2023." £38,331 nel surplus). Thetrustees ￿nSIderIhat lo be a salisfaetory wult for the year and consislenl wlh their Commitment to rebuild the Gharty reserves. Income increased from £490,853 in 2022-23 10 £495,263 for the current year. Voluntary Action 181ington's Resource Centre generated the largest source of income, as it has don8 in r&ent years. The London Borough of Islington {LBII conlKiued to support VAI'S core actiwlieg under the Strategic Borough-wde Parthers and Strategic Volunteering Partners grants. S¥Jnificanl funding was also re￿Ived from the National Lottery Community Fund through ils Reaching Communities programme. Al the year end all frJnd$ totalled £3￿,376 12023: £359.076) of wh￿h £307,452 12023.. £289.1921 were unrestricted. General fLFfKls. vknich are considered lo be the free reserves of the charty, totalled £203.14512023'. £181.729). Further to the decision made by trustees in September 2015. Voluntary A¢tion Services. the subsidiary trading Company estsblished by Voluntwy Action Islinglon in 2013 remains a dom18nl company. Reserves On 31 Ma￿h 2024 Voluntsry Action Islington held unrestrKted funds lotalling £307.45212023: £289,192). The free Teserves {those ￿n￿Stricted funds tst have not bean desI￿ated for speafic purposes) tolalled £203,14S12023'. £181,729). The reserves policy requires a balance of free r&serves equivalent lo no less than 3 months125ty/0} of annual expenditure. The cur￿n1 balance of £203,145 is equivalent to 34Vty12023'. 36%) olannu81 budg*ted expenditure and is therefore compliant with the policy. Funds h8V8 ba￿ designated from reserves for specffic purposes where c￿stS are not incurred on an annual basis. Al year end those fvnds lotalled £104,30712023= £107.4631. designations h8vng been made lo invest in buildinu improvements and VAI'S IT infraslruclure and to support fubjre reloc8tion from the Resource Centre including managing the cost of dilapidations. In additlon to ts unrestricted fvnds the ¢harty hebJ £48.924 of restricted funds12023- £69.884}. the use of which is restricted by funder5 lo specrfiG activiti88 to support VAI'S members and dev8lop the voluntary sector in Islinglrm. Invostmont Pollcy and P•rfomianc• This year. Voluntary Action Islington implemented the investment policy as 4reed in October 2022. The objecbve5 of the policy are- To use free reserves lo Produ￿ the best finan¢to1 return within an acceptsble level of risk When there are oppgrtunities lo do so lo invest a proportion of our reserves In the development of new products and serwces where we assess that il is realistic that these will g8neratè hjnds to sustain themselves or when, by investing in products and services (lelivered by our subsidiary trading company, we assess that this investment could produce a long-t8mi income stream for Voluntsry Action Islinglon When there are opportunities to do so will seek investment opportunilies that fijrther our charitable objectives. whilst at the same time woducing a financial refvm Voluntsry Actlon l$lington Limited Trnstees, Annual Report For tho yoar ondgd 31 M?￿h 2024 VAI'S listed investments Klntinued to generate valuable income throughout the year in line with the investment policy. Investment values fell fr¢Jm £158,603 to £153.744 durwig the year resulting in annual unrealised losses of £4.862 {2023.. £14,976). The investments continue lo be held with the expectation that values will rise in the future, as they have done for the current year lo date. Golng ConGgrn The trustees consider that Ihore ￿ no malerial un￿rtaIntieS about Voluntary kn11￿ Islington Limited's ability lo continue as a wing concem. PriTrGlpal Rlsks and Uncertalnties Trustees adopt a risk ¥Jprai5al and mil￿allOn approach as part of future d8vebpment. The VAI Risk Regisl8r is bwng ¢gmprehensively updated in 2024 and a Risk Sub Committe8 will prioritis8 and make plans to mitigate risks on a quarterly basis. Priorilised risks will be rewewed by the Board al each qu8rtedy trLtslee meeting. During 2023-24. the main fxtors likely to affect the financl81 perfornia￿e of the Charity were a reduction in demand for our desk and room hire provision lo VCFSE organisations. a kjss of fvnding or insecurity in our Resouree Centre lease. We plan lo mitigate these risks by improving the facilities 8t th8 Rèsource Centre and enhancing our communications and marketing of the facilities. We plan to malnlain our fin8nu81 resour￿ by carefijl financial management and by ntinuing to provide excellent public benefit in conjunclion with our partners arKI seeking funding for our projects and charttable services to the local VCFSE. We also plan to ensure ontinuty in our Resour￿ Centre provision by negotkgling renewal of Ihe lease in October 2024. PLANS FOR FLrruRE PERIODS We are committèd lo continuing as an independent organisation bringing together civil %)ciety in Islington and representing the interests of local VCFSE organisati¢)ns lo the main ststutory agencies. We s*ill continue to parlicipale in partnership boards that influence how Islinglon Council including Islington's Borough Partnership. the North Central London Inlegraled Care System and PubliG Health make decisions that impact on communities, particularly * a local level. This includes multi-agency initiatives where we rèpresanl our membershlp. We will continue to work wlh VCFSE oryanisalions lo help diversfy fjJnding and other support, including by engaging Mlh private business. We will encourage ¢ollaboration and joint fijndlng bids, whieh include smaller local organisalons in servSce delivery. As part of this approath. we 11 continue to work with VCFSE by providing ne￿orkIng and partnership opportunities. We 11 continu& to work with other Iccal organisalions that provide capadty building and organisational support to their membership and explore how our collective effuts can be made more strategic. We plan lo continue to 8UPPOrt the effective management of volunleers and to support organisations through a mlx of one-to-one support and training workshops. We wll continue to make applIcat￿)nS for grants and to submit tenders for wilracts. which are related to our core fiJncli¢ns. Our Resource Centre on Pentonville Road 1$ an important communty asset for local VCFSE org8nis8tlons and will continue lo be an Important source of income supporting our core offer to local organisations. We reinvest all the incom8 g8n8raled into the community through our seNiees. We will continue lo tske a￿Unt of our en￿lronmenta1 impact in our man4ement of this f8cility. 16 Voluntary Action Islington Limit•d Trust•o8' Annual Rèport For th• yoor gndod 31 Ma￿h 2024 Our website and social media are well used resources. and we are committed lo continuing to develop the use of these facilities over the coming period. We look fornvard to launching our new 3-ye8r strategy in October 2024. STRUCTURE, GOVERNANCE AND MANAGEMENT The charity is consliluled as a company limited by guarantee and is therefore gov6med by a elv￿anduM and articles of association. This was last amended in November 2013. The provisions of the goveming d￿Ument have been complied with during the year under review. The Iruslees serve on a Board ofTrusteès. They consist of al least three and not more than 12 individuals, all of whom must be authorised representstives of organisa*"ons or an indiwdual member. Each Truslee shall retire from office at the end of three years commenang from the dats of his or her appointment. A retiring Trustee may be reappointed but a Trustee who has seNed for nine years in lotsl musl lake a break from office and may not be reappointed until the annIverS￿ of the commencement of his or her br&ak from office. Al the end of the year, there were 10 Iruslees wth plans lo recruit ￿ furlher Iruslees. The Iruslees keep under review gap5 in experience and expertise represented on the board. and a skills audit of current trustees will be carried out over the latter part of 2024. Induction meetings are organised for trustees to brief them about the Work of the charity and trustees attend occasional conferences and Coufses lo keep up to date about relevant developments. The charfty Is org8nised through the Boar(l of Trustses lo whom Ihe Chi8f Ex8cutiv8 IS answerable, through the Chair. The Chair, Vic8 Chair and Treasurer are appointed from amongst the trustees 8t the first meeting aft8r Ihe AGM. These officers serve for a period of one year. The Chlof Executive is responsible for thg management of staff in 3 core functions: Volunteer Centre, Resourc& Centrg and ￿pacity building and organisalional dev81opmenL The CEO and staff have responsibility for specific areas ofwork and reporting to funders. The Chief ExecLrtive is not18gally a direclorfor the purposes ofcompany or ch8ritable18w. The Charity is a member ofthe National Association forvolunlary and Communty Action INAVCA), NCVO. ￿ Children England. These memberships provide infomation and resources that help us lo asslst voluntary wmmunity organisations semng thè community in Islinglon. The Charity has a subsidiary trading compary. Voluntary Action Servi￿$ Limited (VASI. Th18 is a priv8le company limited by share capital and wholly owned by Voluntary Action Islinglon. To date VAS has C￿lY traded in online learning courses. At its meebng on 9kn September 2016 the trustees decided Ihat this company should cease Irading on 30th Septernber 2016 and should be retained as a dormant company, for potential fvture trading. Hussain Ahmed remains direelor of both companies. As VAS is currenlly donrant, there are no plans yel lo appoint new Directors. Several of the trustees of Voluntary Action Islinglon are employed by or tnjslees of local voluntary organisations th8t are members of Voluntsry Action Islinglon. These voluntary organisalions benefit from the serviees ol Voluntsry Ac￿On Islinglon. Going forward, a register of trustee interests wll be maintained, and any potential confiict of intsrest will be decl8red 81 the beginning of each quartedy trustee board meeting. The charity's staff, including managem8nl personnel. are paid on the national NJC pay scale. The pay ot the Chief Executive is sot by the trustees. who take account of the performance of the Chlef Executive., the complexty. S￿le of responsibilities and expected level of exlemal Voluntary Action Islington Limit•d Trusta•s' Annual R•port For the year ondod 31 March 2024 The trustees, annual report hay been approved by Ihe Iruslees on 24 September 2024 and signed on their behalf by.. Navinder Kaur Company Secretary Rwstered office: 2008 Pentonwlle Road London N1 gjp 19 Voluntary Actlon Isllnglon Llmitod Tr￿tte5, Annual R•port For the ygor endod 31 March 2024 influence of the Chief Executive role,. an assessmeN of current Chief Execulive pay levels within the charity sector,. comparisons with the pay levels of other CVS Chief Execubves in London- the salary range of an equivalent officer within the local 8ulhoTity,' and the overall financial position of the organisalion. STATEMENT OF THE TRUSTEES, REPONSIBILITIES The trustees Ivtho are also the directors of Voluntsry Action Islington Ltd for the purtx)ses of company law) are responsible for preparing the Trustees Annual R8ptxt and the financi81 slalemenls in accordance ￿th applicable law and United Kingdom Accounting Stsndards (United Kingdom Generally Accepted Accounting Practice}. Company laWrequ￿eS Ihe trustees to prepare financial $tatements for each financial ye8r%thlch give 8 true and fair view of the slate of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure. oflhe Ch￿￿ble company for that period. In preparing these financial statements, the trustees are required lo: select suitable accounting policies and then apply them consistently observe the methods and prinaples in the Charities SORP makejud9ements and eslimales that are reasonable and prudent state whether applicable UK Accounting Standarés and ststements of recommended prdCtIC8 have been followed, subject to any material departures disclosed and explained in the financial statement prepare the financial statemenls on the going ¢￿¢￿rn basis unless il is inappropriate to presume that the charitable company wil continue in operation The trustees are responsible lor keepiro proper accounts'ng records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them lo ensure that the finanrAal statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charitable company and hence fortsking reasonable steps for the prevenlion and detection ol tr￿d and other irreguLgrilies. The trustees are responsible for the maintenance integrity of the corporate and financial infomiation included on the charitable company's website. Legislation in the United Kingdom governing the preparation and disseminatK)n of financial statements may differ from legisl81ion in other jurisdictions. Members of the charity guarantee to contribute an amount not exceeding £10 to the asset8 of the charity in the event of winding up. The tolal number of such guarantees on 31M March 2023 was 568. The trustees are members of the charity but this entilles them only to voting rrghts. Thfr Iruslees have no boneficial intsrgst in the charity- STATEMENT AS TO THE DISCLOSURE TO OUR INDEPENDENT EXAMINERS In so far 8s the twslees are aware.. there is no relevant audit informatlon of the charitsble company's irnlependent assessor is unaware- and the trustees have taken all steps that they ought lo have taken to mak8 th8mselves aware of any relevant audit inlormab'on and lo estsblish that the independent assessor is aware of that information INDEPENDENT EXAMINERS Goldwins Ltd were re-appointed as the Independent Examiners of the charitable Cr￿panY during the year and have expressed thelr wllingness to c￿tInUe In that capacity. Independent examinerfs report To the members of Voluntary ArAlon18llngton Llmlted For the year 8nded 31 March 2024 I report to the charfty Iruslees on my examination of the accounts ofthe Company for year ended 31 March 2024. Responsibilities and basis ol report As the charity's trustees of the Company land also ils directors for the purpose5 of ccynpany lawl you ère responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 {'the 2006 Acti. Havlng satlsfied mysew that the accounts of the Company are not required lo be audited under Part 16 of the 2006 Acl and are eligible for independent fjxamination, I r8POrt in respect of my gxaminalion of your charitys accounts as carrted out under section 145 of the Charities Act 2011 Ilhe 2011 Acfl. In carrying out my examination I have followed the Directtons gNen by the Charity Commission under section 145(5} {bl of the 2011 Act. Independent euminevs $tat•mont str￿ the Company's gross income exceeded £250,000. l ¢onfim that l am qualified to undtriake the examination because l am a member of the ICAEW, which is one of the listed bod￿$. I have completed my exomination. I confirm that no matters have come lo my attention In connection wth the examination giwng me cause to b61ieve'. accounting records were not kept in respe￿ of the Company a5 required by s&tion 386 of the 2006 Act.. or 2. the accounts do not accord with those records" or 3. the accounts do rKJI comply with the accounting requirements of se¢¢ion 396 of the 2006 Act other than any r8quiremenl that the accounts gNe a 'lrue and fair view which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance wlh the methods 8fKJ principles of the Statement of Recommended Practice for accounting and reporting by ¢harities applicable to charities preparing their accounts in accordance wlh the Financial Reporbng Stsnd8rd applicable in the UK and Republic of Ireland {FRS 1021. I have no concems and have come across no other matters in connection wth Ihe examination lo which attention should be drawn in this report in order lo enable a Proper understanding of the accounts to be reached. Anthony Eplon BA FCA CTA FCIE Goldwns Chartered accountants 75 Maygrove Road West Hamp5tead London NW6 2EG Voluntary Actlon Isllngton Llmlt•d statsmont of finandal a¢tlvlt1￿ Ilncorporatlng an Incomo and •xp•nditur• ac¢ount) For th• ar gndod 31 March 2D24 2024 Total Restricted Unre81ri(*ed 2023 Totsl Restricted Unrestricted Note Incomo from: Donations and legacie$ Ch8ntsble 8th"￿"e$ Comnyjnty Dèv•fopm•nt Member Services and Support Sertor D¥v8lopmgnt an Volunteering Investmenls 77,870 77,670 75.000 76.000 40.000 40.000 50.000 20,000 50.000 23.930 3,930 66,409 301,816 9,368 368.225 9.368 44,372 288.423 8,128 332,795 8.128 Tolal Income 106,409 388,854 495.263 115.372 375,481 490,853 Expendlture on: Charitable acti¥￿e8 ComnNJnity Development ember Services and Support Sector Developmenl and Vc+lunteering Total expondSture Net lexpenditur•l incom¢ b￿or• not galns Iloss•s} on Invo$tmonts Net gains Oosses) on investments 10 67,216 5,167 67.216 52.999 45,273 30,488 45.273 82.094 47,832 51.606 58,528 314.358 372.886 77.436 232.743 310,179 130.911 362,190 493.101 153.197 284,349 437.546 124,502) 26.664 2,162 (37.8251 91.132 53,307 14,8621 IU62) 114,976) 114.976) Not 1•x￿ndIluroI Incom• for the 8 124,502 21,802 12.700} (37,825) 76,156 38.331 Translers btheen funds 3,542 Not mov•mont in funds 120,960) 18.260 12.700) (37,825} 76.156 38.331 Reconciliation of tsnds: Total funds brought forward Total funds ¢arrlod fornard 69,884 289,192 359,076 107,709 213.036 320.745 15 48,924 307,452 3S6,376 69.884 289.192 359,076 All of the above results are derived from continuing activities. There were no other recOgni￿d g*in$ or losses other than those stated above. Movements in fvnds are disdo3ed in note 15 to the finanual stslements. The notes on pages 24 to 38 fom part ofthese finanrA818latsm•nts. 21 Voluntary Actlon l$lington Llmlted (Llmlted by guarnnlee) Balance sheet Company No. 01913555 A8 at 31 March 2024 2024 2023 Note Fixed assats Tangible a8sel8 Investments 3,307 153,744 157,061 13,468 158,603 172,071 10 Current assets Debtors Cash al bank and in hand 11 30,152 223,797 253,949 27,227 254.605 281,832 Llabllltl•$ Creditors.. anounls falling due within one year 12 54.624 94,827 Nel Current assets 199,325 187,005 Not 14 356,376 359,076 Funds Restricted fvnds Unrestricted funds.. Designated fuTrJs General funds 15 48,924 104.307 203,145 107.463 181,729 Tolal funds 356.376 359,076 These accounls have b88n preparod in accordance with the special provisions of Part 15 of the Companie5 Act 2006 relating to small cijmpanies. For the yèar ended 31 March 2024 Ih8J company was èntitled to exemption under seGtion 477 of the Cempanies Act 2006 relating lo small eompanies. No members have required the company to obtain an audit of il¥ a￿Ounts for the year in question in accordance with section 476 of the Companies Act 2006. The directors a¢kno￿edge their responsloilty for complying with the requirements of the Act with respect lo accounting records and for the preparation of accounts. Approved by the trustees on 24 September 2024 and signed on their behalf by.. Jorge Llorens Treasurer Emma HLrtchins Chair The notes on page5 24 to 38 fomi part ofthese financial statsments. 22 Voluntary Actlon l$llngton Llmltod Statement of cash flows For Ihe r endod 31 March 2024 Note 2024 2024 2023 2023 ca8h provldod by (used Inl opgratlng actlvltles (36.734 70.405 Cash flows from Investlng •ctlvltlo8: DNidends from investments S81e Ipur¢hasel of fixed assets Sale Ipurchasel of investments 9,368 13,439) 8,128 Cash provided by (used in) investing activities 5.929 8,128 Change in cash and equlvalents In the year 130.8051 78,533 Cash and ¢a$h equfvalerts at the beginning of the year 255.360 176,827 Cash and •quivalgnts at the end of th• y8ar 17 224,5S5 255,360 23 Voluntary Adlon l$llngton Limlled Note8 to tho financial $tat•monts For th arended 31 March 2024 Accountlng pollcles 10 Ba51s of preparatlon The financial statements have be8n prepared in accordance wth Accounting and Reporting by Charilies.. Statement of Recommended Practice appli¢&sle lo ¢h8rtiies preparing their accounts in accordance with the Financial Repoth'ng Standard applicable in the UK and Republic of Ireland IFRS 1021- Icharilies SORP FRS 102}, the Financial Reporting Stsndard 8pplicable in the UK and Republic of Irdand (FRS 1021 and the CompanEs Act 2006. Voluntsry Action Islingt￿ meets the definition of a public benefit entity under FRS 102. Assets and liabilities are inilialty recognised at historical cost or IT￿1$action value unl888 Otherwise $taled in the relevant accounting policy or note. 1b Going Concern The trustees con5iJer that there are no materi81 uncertainties regarding the Charty$ abilty to continu& as a going concern. No key judgements have been made by the charitable company wh￿h have a swnrficanl effect on the accounts. The trustees do not eonsider th81 there are any sources of estimalw)n uncertainty at the reporting date th* have a signrfieanl risk of causing a material adjustment to the carwng amounts of assets aThJ lialM'liti8s within tha next r8POrting perth. 1c Income Income, In￿dIng income from government and ot￿r grants. whether 'capital' grants or 'revenue' grants, is recogni5ed when the charity has entitlem8nt lo the funds, any p8rfomianc conditions attached to the income have been met, it is prc*able that the income will be received and that the amount can bg measured roliably. Giants are cr8df(ed to incoming rosourcos when they are reCeNab￿ as the charws own money, unless they are for actNilie5 that relate to a specific future period, in which case they aro deferred to that period. Income ieceived under contracts for Services which Gross over the year gnd are r￿Qg￿lS￿d in the financial statements in line wilh the percent&ae of Comp￿tIOn of the contract at the year end. Income roceived Ni advance of the provision of a SpeC￿￿d service is deferred until Ihe critaria for income recOgnit￿n are met. Distributions from listed investments are included when recebvable and the amount can be measured reliably by the charty,, this is nomalty the date on whKh the holding is first quoted ex dNidend or the and date of the period for which it is accrued as notified by the fund manager. 1d Fund accountlng Unrestrided funds are available to spend on aclwilies th81 further any of the purposes of the harrty. Designated fund$ are unrestrided funds of the Gharty which the trustees have decided al their discretion to sel aside lo use for a spectfic purpose. Reslrfeted funds art donations which the donor has specified are to be solety used for p*icular areas of the ¢hanty$ work or foi specrfic projects ￿'n9 undertaken by the charity- 24 Voluntary Actlon Isllnglon Llmlted Nots$ lo tho financial 8tat•mènts For tho èar endèd 31 March 2024 Accountlng pollclos Icontlnu•dl 10 Exponditure and irrecoverablo VAT Expendf(ure is recognised once there is a legal or constructive obligation lo make a payment to a third party, it is prcbabl8 that settlement will be required and the amount of the obligation can be measured reliabty. Expenditure is ¢18ssified under the following a¢livity he8dingS.' Costs of raising funds comprise of trading costs and the costs incurred by the charitabl company in inducing third parties to make voluntary ￿ntributionS to it, as well as the cost of any adivilies wf(h a fundraising purpose. Experwjilure on Charitab￿ activities includes the costs of senrices and support to members and developing volunteering and the local voluntary seclor undertaken to further tho purpose5 of the charity and their associated support costs. Irrecoverable VAT is Ch￿ged as a cost against the activity for which the expenditure was incurrod. 1f Allocatlon of 8UPPOrt ￿$ts Resources expended are allocatsd lo th& particular activity where the cost r&lale$ diredty lo that actwty. However, where costs cannot be directy attributed. they have been allocate(I to Ni(ies on a basis consislenl with their use of resources. Premises are allo¢at& proportMale to floor spa¢8 OCCUp￿d by each acts'vity as follows.. Communty Development Member SeNices and Support Sector Developmgnl and Volunteering Support costs Governance costs 95.1% 0.1% Olhei costs of administration are alloth pgr capits VAI $tsff and other oc¢upants of the R&source Centre as follows" Communty Development Member Services and Support Sector Development and Volunteering Support C08ts Govefnance costs 4.3% 88.6% 2.3% 0.1% Support and governan￿ costs are re-allocated lo each of the ￿tIv￿eS on the following ba818 wh￿h is an estimate, based on staff lime, of the amount attributable lo each actiwty.. Community Development 12.7% Member Services and Support 12.0% Sector Development and Volunteering 75.3% Governance costs are the costs associated ￿th the governance arrangements of the charty. These costs are associated with ¢onslrf(utional and stslulory requirements and includa any costs a$s￿l81ed with the strategic management of the charity's aclwities. lg Operntlng leases Rentals payable under operating leases, whem substantially all the risks and rewards of ownership remain Tr+vilh the lessor, are charged to the statement of financial activities on a slraighl line basis over the length of the lease. Voluntary Action l$lington Limit•d Notss to tho financlal $tstoments For tho ar ￿ded 31 March 2024 Accovntlng polltleg Icontlnuedl Ih Tanglble flxed assèts Items of equipment are capiiali$ed where the purchase price exceeds £2.000. DepreGiatwJn costs are allocated lo activities on the basis of the use of Ihe relata a55els in those activities. Assets are reviewed for impairment rf circumthces indicate Iheir carrywig value may exceed their net realisable value and value in use. Depreciat￿ is provided on a strai9ht4ine basis at rates calculated to write duHn the cost of e¥h asset to ts estimated residual value over its expected useful lrfe. The depreciation rates in Use are as follows.. Furnrture, FLXtures and Equipm8nt Leasehold propety 4 y8ars The lesser of 15 years or Ihe ￿mainIng lease term 11 Ust•d Investments Investments are a fom of basic financial instrument and are initialty recognised al their transaction value and subsequently measured at I￿1r fair value as at thè balance Sheet date u$ing the closing quoted market price. Any change in fair vafue will be recognised in the slatanenl of financial activities. 11 D•blors Trade and other debtors are re¢ognised al the settlttnenl amount due after any trade discount offered. Prepayments are vlued al the amount prepaKI nel of any trade discounts due. 1k Cash al bank and In hand Cash al bank and In hand Includés cash and Èhort tenn highty liquid investments with short maturity of three months or le88 from the dale of acquisi(ion or opening of the deposit or similar account. 11 Credltor8 and provlslons Credrtors and provision8 are recogni8ed where the charty has a present obligation resuming from a past event that wll probabty result in the transfer of funds to a third party and the amount due lo settle the obligation can be measured or estimated raliably. Creditors and provisions ara nomially racognised at their setuement amount after althing for any trade di8¢ounls due. lTrcome from donatlons and legacigs Re8tri¢ted un￿$11[¢te 2024 Total 2023 Total London Borough of Isfington Other grants and similar income, urKlei £5.000 each 75.000 75.000 76,000 2.670 2,670 77.670 76,000 Voiunlary A¢lb)n Islington benefrt from a Section 106 Agreement that provKles accommodation at a peppercom rent. As it 1$ not possible lo pul an a￿urate value lo this, it has not l)een recogni8ed in the Slalement of Financial Activities. Voluntary Actlon lslington Limit•d Not•8 to tho financial stst•ments For tho eor gndod 31 March 2024 J Incomg from charltable actlvltles Restr￿ted Unre5trictod 2024 Total 2023 Total London Borough of181iiWn Local Wellbeing Nthork Greater London Authorty, Community Resilienee Fund strengthening Community Resilkgnce in Islington Donations and similar income, under £10.000 each 30,000 30,000 45.000 5,000 5.000 5,000 Sub-totsl for Communty Devel(¥ment 40.000 40.000 50,000 Restricte(l Unrestricted 2024 Tolal 2023 Total Greater London Authority {via Hackney Council for Voluntsry S8Ni¢8} Young Londoner'$ Fund Nets¥ork London Borough of Islington Young Islinglon Nefv￿rks Sub-total for Member Services and Support 3,930 20,000 23.930 Restr￿ed Unrestricted 2024 Total 2023 Total Communty resource and other semce income London Borough of Isli19ton Public Health Peabody (via The London Communty Foundation) South Islinglon volunleering opportunrties Greater London Authority, Communty Resilience Fund Strengthening Ccffimunty Resilience in lslington The National Lottery Communty Fund Strengthening Islington's Voluntary and Communrty Sector Donations and Similar income, under £10,000 each Sub-totsl for Sector Development and Volunteering 287,114 287,114 272,006 39,372 15,0¢)O 16,000 5,000 s.000 45.000 45,000 1,409 14,702 21.417 66,409 301,816 368,225 332,795 Total income from charitable actNities 106,409 301,816 4(￿,725 CC+OJr ¢DC¥ IDin(Otsr o•J I Ir>c)(y tSJ (O iJe( L¢) fo 4) 7J Q Voluntary Action 151inglon Limited Notes to the flnanclal ststements For the ear ended 31 March 2024 Analysis of staff costs. truste8 rernun¢ratlon and 8xpgnsg$ and kgy managgmgnt Staff costs were as follows.. 2024 2023 Salaries and wages Sttial seeurily eosts Employerfs contribution to defined contribution pension schemes 276.438 23.386 14,968 313.792 21.796 234,372 18,886 13,451 266,709 20,540 Agenty Costs 335,588 287,249 No employee received employee benelts (excluding employer pension) exceeding £60,000 during the year12023'. No employee). The lolal empbyee benefits including pension c0nlrlbut￿n$ and employerfs n8titinal insurance of the key management personnel were £82.86312023: £78,026). The charity trustees were not paid or received any other benefts from employiment with the charity in the year12023 £nill. No charity trustee received payTnenl for professional or other services supplied to th8 charity in th8 year {2023.' £nil) and no trustees were reimbur$8d expenses12023.' none). Staff number5: The average number of employees Ihead count based on number of slaff employed) during the year was 812023.. 81. The average number of employees Iful lime equival&nll during the year and by actNty was as foll￿*5. 2024 No. 2023 No. CeAmmunlty Development Member SO￿1¢e$ and Support Sector Development 8nd Volunteering Support and govemance 42 Taxatlon The charttable company is exempt from corporathin tsx as all ils ￿Ome is charitable and is appl￿ for charitabl& purposes. Voluntary Actlon lsllngton Llmlt Notes to th• linan¢ial *tat•m•nts For thg ear gnd8d 31 MarGh 2024 Not Incom9 {expond5turel for the yoar This 18 Stated after chargiNJ.' 2024 2023 Depreciation Board of Truslegs - indemnity insurance Operating lease charge5 Independent Examinerfs remunerallon.. 13,8¢)0 14,054 505 8,613 3,000 13.467 3,150 Tanglble flxed assets Fumllure. Fixtures and Leasehokl Equipment property 2024 Total Al 1 April 2023 Addriions in year Disposals in year 96,118 3,439 690 133,950 230.068 3.439 1,461 At 31 March 2024 98,867 133.179 232,lJ46 Depreciation Al 1 April 2023 Charge for the year Eliminated on di8PO8al 94,661 1.589 690 121,939 12,011 771 216,600 13,600 1,461 At 31 March 2024 95,560 133,179 228,739 Net book valug At 31 March 2024 3,307 3,307 At 31 March 2023 1,457 12,011 13,468 All of the above a8$ets a￿ used for charitable purposes. 10 Flxed asset Investments 2024 2023 Listed investments Inole 10al Investment in subsidiary Company (note 1 Ob) 153,743 158.602 158.603 Voluntary Aetion Islington Limitgd Notes to the Ilnan¢lo1 ¥tstemgnts For the ear ended 31 March 2024 loa Llsted Investments 2024 2023 Analysi¥ of movemgnt of Invgstments ma￿et value at start of year Disposals at market value Reolised gains l {knsses) Unrealised gains l (tosses) ma￿et value at year end 167.847 172.823 4,862 152,985 14.976 157.847 Cash instruments and Gash hekl for reinvestment 755 Far value at year end 153.743 158,602 Historical cost 158.696 158,595 The inveslments comprise tbw) UK unrt trusts. 10b Investment in subsidiary company VAI benef￿lalty ¢Mns the entire share capital r)f Voluntsry Action SeNces Limited la company limrted by share capital. company no. 8612449 (England and Walesl), through which VAI, commercial trading PreV￿)usty tty* place. In September 2016 the decision was taken lo suspend trading through the company. The cc*npany remained donnant at 31 March 2024. Tha share capital and rfrserves of the wbSid￿ry are not material and therefore no o)nsdidated accounts have been pr8p¥ed. Di$dosure is confined to this note to the accounts. 2024 2023 Inveslmont in Voluntary Action Services Ltd al cost At 31 March 2023 VAI h61d ona Share of £1, being the entire share capital of the trading ompany. 10b InvgStm•nt In subsidiary company Icontinuedl Relevant financial infom)atKiTh regarding Voluntary Action Servic8s Ltd 1$ as follow5.. 2024 2023 Assets Liabilfties Total funds 31 Voluntary Actlon Isllngton Llmlted Notes to thg financial ststsmgnts For the ear ended 31 March 2024 11 Dgbtors 2024 2023 Trade debtors Other debtors PrepayTnerrts 22A09 3,247 4.496 18,456 3,152 5,619 30,152 27,227 12 Cr•ditors: amounts falling du8 within year 2024 2023 Tax arKI s￿{al 5ocurty costs Trade credilor8 Other creditors Grual$ Deferred income (not8 121 6,488 14,955 11,285 2.090 33.445 760 73,214 170 64.624 94,827 Deferrnd Incom• 2024 2023 Balan¢e at the beginning of the year Amount released to income in the year Amourrt deferred in the year 170 1170} 760 3,653 (3.6531 170 Balanc8 at the end of the year 760 170 Deferred income ttjmprises resource centre income received in advan￿ (2023.. resource ¢entre inccTh• roceived in advance). 13 Related party transactlons Colin Adams 15 a trustee of VAI and a trustee of Octopus C¢)mmunity Nghyork. VAI paid Octopus Communty N8tsvork £9,493 towards costs incurred in supporting the Local Wellbeing Netsvork programme in the year12023.. £8,149). There are no donations from related parties which are outsido the n¢)nnal COUTSO of business and no restr￿ted donations from related parties. Voluntary Action Islington Limit•d Notss to th• flnanclal statem•nts Fortho ear gnded 31 March 2024 14 Analysis of group n•t ass•ts botw••n funds 144 Curront yeai Re51ri¢led DesvJnated funds funds General funds T¢tal fund$ Tangible fixed assets Invesknenl assets Net current as¥el$ 3.307 72.000 29,000 3,307 153,744 199 325 81,744 121,401 48.924 Net assets at 31 March 2024 48,924 104,307 203,145 356,376 14b Prlor year Restricted Designated General Total Tangib￿ fixed a$se18 Investment assets Nel ¢urr8nl assets 7.005 6,463 60,000 41,000 13,468 458.803 187,005 98,603 83.126 62.879 Net assets at 1 April 2023 69,884 107,463 181.729 359.076 33 Voluntary Action Islington Limited Notes to th* financial slatements For the ar ended 31 March 2024 15 Movements in funds 15a Cuw8nt year At tha start of the year Incoming Outgoing and and gains losse$ At the end Transfers of thè yoar Restridgd funds: Chik1ren and Young People's Vohjnlary $￿tOr Forum Conference5 and events Local Wgllbeing N&fv40rk Put4ic Hearth and Community Engagement South Islington volunteering opportunitie5 Strengthening Community Resilience in Islinglon Strengthening Islinglon's VCFSE sactor Ukraine Rofugee Infrastructure Fund Fixed assets 7,176 15.167) 11.409) (51,721) 2.009 1,409 30,000 27,918 6,197 23,864 (23,8641 15,000 116.9681 1.968 10,000 110,(WI 45,¢)00 14,2821 40,718 3,921 7,005 110.495) 1,574 Total reStrI￿Od funds 69,884 106,409 130.911 3.542 48,924 Unrestricted funds: De&gnated fvnds.. Building improvements ICT infrastructure development R8bxation Fixed assets 25.000 25,000 4.000 72,1)00 3.307 4,000 97.000 6,463 125.OC>OI 3,439 6,595 Totgl de&gnated funds General funds 107,463 181,729 {6,5951 360.457 3,439 104.307 203,145 388,854 6,981 Tolal unreslrlcted funds 289,192 388,854 307.4S2 367,052 3,542 359,076 495,263 497,963 356.376 Totsl funds Voluntary Acllon lslington Limit Notes to th• financlal statements For lh• r ond•d 31 Mar¢h 2024 15 Movements In funds {Gontlnugd} 16b Prlor year At the start of the year Incoming Outgoing and and gains losses Atthe end Transfern of thè year Rostrfcted funds: Children and Young People's Voluntary Sector Forum Cost of Imng Covi&19 Vaccination Programmg L￿al Wellbeing Netwo Public Health and Ccrfnmunty Engagement South Islington volunteering opportunitie8 Ukraine Refvgee Infrastructure Fund VCFS Annual Conference Young Islinglon Nefvdorks Fixed assets 17,664 110,4881 15,0001 134,8181 144,1941 7.176 5,000 34.818 27.112 4S,IXIO 27,918 39,372 115,508) 14.102 114.102) 5,000 1.000 20,000 11,079) 11.000) 120,000) 7.008 3,921 14.013 Total restrlcted lunds 107.709 115.372 153.197 69,884 Unrestrlct•d funds: Designaled funds.. ICT infraslruclure development Relocation Fixed assets 4,000 33,000 13.509 50,509 4,000 97.000 64.000 Total de&gn8ted funds Ggn•ral funds 17,0461 292,279 64,ODO 107M63 162,527 375,481 64.000 181.729 Totsl unr9str1ct￿ funds 213,036 375.481 320,745 490,853 299,325 452.522 289.192 359.076 Total funds 35 Voluntsry Actlon Isllngton Llmltod Notes to tha financial statoments For the ar ended 31 March 2024 15c Movements in funds {continuedl Purpose of restri¢tsd funds Children and Young Fund8 provided by the London Borough of l$lingti)n 10 8UPPOrt Pg)ple's Voluntary Sector activiti'es by the Chiklren's Voluntsry Sector Forum. Forum Conferences and events Contrlbullons from supporters towards the costs of the VCFSE conference hekj in partnership wlh London Met Universty and LBI and other 8maller thematic events. Cost of Liwng NAVCA funding to faciliL*e the sharing of data and in8ighl between VCFS and LBI. Includes facillatM and support for the LBI staff volunteering programme. Covid-19 Vaccination Programme Funded by NCL clin￿al Commissioning Group and Departmenl for Levelling Up, Housin9 and Communities, the programme aimed to improve Cowd-19 vaccinathjn take up in areas and communities where it is low. LcKal Wellbeing Network As part of Islington Councifs 'Fairer Togetherf inilialive, VAI and Octopus Communty Network have been funded lo devebp Local Wellbeing Ngtsvorks in the North. Central and South localities to Increase collaboration befvleen l¢xal seMee$ and lo provide a platromi for community voKe. Public Health arKI Funding to develop effeGtive partnerships wlh PubliG Hgatth and the Communty Engagement local VCFS to promote Covld vaccination and other heamh and wellbeing offer¥. South Islington To provide outreach seNices to Peabody residents especially those volunteering opportunities bcaled in th8 south of the borough. Strengthening Community To increase community preparedness for emergencle8, funded by Resilience in Islington GLA and London Communities Emergencies Partnership. Funds distributed via London Plug. Strengthening Islinglon's VCFSE sector To improve VAI'S internal infrastructure in order to collaborate wlh our local VCFSE s8Ctor mor& effectivaty. Funded by tha National Lottery Communities Fund. Ukraine Refugee Infrastwdure Fund To partner with Healthprom, and develop a n8tsvork of orgarbisaligns lo provide more effectwe support to Ukrainian famil￿$ hosted through the SFKJnscrship programme. VCFS Annual Conference LBI funding lowards catering co818 for arKI event held at London Metropolitan Universty Voluntary Action hllngton Llmit Nots¥ to the flnan¢lal Statements For th• ear •nded 31 March 2024 15¢ Movemants in funds Icontinuodl Purpose of restrfGted funds Icontlnugd} Young1s1ington Networks To wden the engagement and participation of151in9ton's VCFS in the Young Islington Ne￿orkS and the Universal Youth Work Offer. Fixed assets To cover the future depreciation of Voluntary Adion Islinglon's flxed assets orig1r￿llY paid for freffl restricted furKling. Purpos• of deslgnated funds Building improvements A fund established by transfer from the Relocation FuThJ to improve VAI'S Resource Centre so that it remains an up to dale facility that is attractive and welcoming venue to bxal charities and ￿MMUnty organisalions. ICT infrastructure development A fund to invast in 8ss8nlial improvemants to the ICT infrastructure of the Resource Centre. Relocation A fund built up over 10 year5 SO that VAI is in a positnn to manage it8 liabilities at the end of the lease on the current premises in 13th October 2024, and lo seek aftemative premises if required. £25,000 was transferred from the fund lo the Building Improvements Designated Fund in the year. Fixed assets To cover the future depreciation of Voluntsry Aclion Islington's fixed assets originalty paid f￿ tr￿n UnreStr￿ted fijnds. 16 Rgconciliation of net incom• I l*xp•nditur•) to nwt cash fl¢>w from 0￿ratIng aetivltles 2024 2023 Not movement In funds for the reportlng perlod las per the Statement ol Ilnancial actlvltles) Depreciation Inlere$l, r8nl and dividends from inVestM￿lS (Gains) I losses on investments Ilncreasel l ¢J8crea$o in debtors Increase l {decreasel in creditors Not cash provided by I lusod in) D￿ratIng activities 12.700) 38,331 13,61XI {9.368) 4.862 {2,925) 40.203 36,734 14.054 18.1281 14,976 (10,0481 21,220 70,405 37 Voluntary Actionlslington Limited Notes to the flnanclal statements For the ear ended 31 March 2024 17 Anatysls of Cash and cash equlvalents At31 March 2024 At 1 April 2023 Cash fknvs other hange5 Cash at bank and in hand Cash hebj by investment rnan￿er5 254,605 755 130,808 223.797 758 Total cash and cash equivalgnts 255,360 30,805 224,555 18 Op•rating l•as• ¢ommitment5 The charty's total future minimum lease payments under non