WOLVERHAnApTON VOLUNTARY AND COMMUNITY ACTION Company number: 2288239 Registered charity number: 700910 WOLVERHAMPTON VOLUNTARY AND COMMUNITY ACTION (Llmited by Guarantee> Report of the Board of Trustees and Flnanclal Statements Year ended 31 March 2025
WOLVERHAMPTON VOLUNTARY AND COMMUNITY ACTION Contents Page Legal and Administrative Infomation Board of Trustees Annual Report 2-12 Report of the independent auditors 13-1.5 Statement of financial aGtivities- SOFA 16 Balance Sheet 17 Cash flow statement 18 Notes forming part of the financial statements 19-31
WOLVERHAMPTON VOLUNTARY AND COMMUNITY ACTION Legal and Administrative Infomiation 2024-25 Charity Name Wolverhampton Voluntary and Community Action (WVCA) Board of Trustees Simeon Greene (Co-chair) James Fox Anne Marie Harrison Patricia Mary Kemp (Co-chair) Gurbax Kaur Paul Tulley Dr Josh Johnson Daryl Chambers Anna Place (appointed 2210412024) Lisa Storey (appointed 0410612025) Dominlque Williams (appointed 0410612025) Pamela Cole-Hudson (resigned 1810212025) Janet Clarke Lewis (reslgned 1010612024) Councillor Jeszemma Howl (city council observer resigned June 2025), to be replaced by Councillor Tersaim Singh Secretary and registered office Sharon Nanan-sen Paycare House, George Street, Wolverhampton, WV2 4DX Key Management Sharon Nanan-sen, Chief Executive Company Number 2288239 Reglstered Charfty Number 700910 Audltors Muras Baker Jones Limited, Regent House, Bath Avenue, Wolverhampton, WV14EG
WOLVERHAMPTON VOLUNTARY AND COMMUNITY ACTION Trustees, Annual Report for the year ended 31 March 2025 Financial Statements Trustees, responsibilitles in relation to the flnancial statements. The Trustees, who are also Directors of Wolverhampton Voluntary and Communlty Action ('WVCA') for the purposes of company law, are responsible for preparing the Trustees, Annual Report and the Financial statements. The financial statements comply with the Companies Act 2006, the CharltSes Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102) published on 16 July 2014 (as amended by Update Bullelin 1 published on 2 February 2016). Company law requires the Tnistees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of Wolverhampton Voluntary and Community Action and of the incoming resources and application of resources, including the income and expenditure of the charitable company for the year. In preparlng these financial statements, the Trustees are required to: Select suitsble accounting policies and then apply them consistently" Observe the methods and principles in the Charities SORP., Make judgements and estimates that are reasonable and prudent; and Prepare the financial statements on the golng GonGern basls unless it is inappropriate to presume that WVCA will continue in operation. The Trustees are responsible for keeping proper accounting reGords which disclose with reasonable accuracy at any time the financial position of WVCA and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responslble for safeguarding the assets of INVCA and hence for taking reasonable steps for the prevention and detection of fraud and other Irregularities, The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity's webslte. Legislation in the Unlted Kingdom governSng the preparation and dissemin8tlon of financial statements may differ from legislation in other jurisdictions. Structure Governance and Mana ement Administrative Detalls The day-to-day management of WVCA Is ultimately the responsibility of the Chief Executive on behalf of the Trustees. The Chlef Executive is also responslble, with the Board of Ttustees, for the strategic directlon of the organisation and delivery of its objectives. The Chief Executive was managing the whole Serl¢e until the appointment in October 2024 of servi and Business Development Manager who carries out much but not all, of the day-to-day management, in addition to bringing in additional funding and developing the business. A FInan Manager (15 hours per month) is supported by a Finan Officer (30 hours per week) and has overall responsibility to Ihe CEO for finance systems and processes, A robust finan'al delegation system is in Flace wlth each project lead having day to day responslbility for their own budgets. Governing Document WVCA Is a chaiitable oompany limtted by guarantee, incorporated on 19th August 1988 and registered as a Charity on 24th November 1988. The company was establlshed under a Memorandum of Association that established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up" members are eath required to contribute an amount not exceeding £1.
WOLVERHAMPTON VOLUNTARY AND COMMUNITY ACTION Trustees, Annual Report for the year ended 31 March 2025 The Articles ofAssociation were reviewed and changes agreed at the 2018 AGM. The changes were a response to dffficulties in achieving quorums at some meetings thus hindering effective and prompt decision making. The changes reduced the size of the Board and quoracy requirements, while also ensuring effective govemance and board oversight. In early 22123 members agreed to change the organisation's name to Wolverhampton Voluntary and Community Action (WVCA) which was implemented in the same year. No further changes to the Articles of Association have been made. Although there is no requirement in the Artides of Association to hold an AGM, in terms of updating the voluntary sector and partners on WVCA'S activities, an AGM was held on the 18 February 2025. The AGM was well attended, and posttive feedback was received. Recruitment and Appolntment of Board of Trustees though INVCA Is a small to medlum slzed organisation, It Is a complex one operating in what is an increasingly challenglng envlronment. It is therefore important that the skills and competencies of the trustee body are at a high level. WVCA is also involved in a very diverse range of activiti8s as outlined later In thls reFy)rt and therefore the trustee body needs to demonstrate a broad as well as a high level of skllls In carrying oul its governance role. The changes agreed at the 2018 AGM maintains a Board structure which reflects our customers and the environment in which we operale. The current Board make up and quoracy requirefflents as outlined In the Artlcles of Association are as follow. The minimum number of directors shall be 6 and the maximum number of directors shall be 12. This Board of DireGtors will be made up of: a) A minlmum of 4 and a maximum of 6 Voluntsry and Community Organlsations operating in Wolverhampton who are members of Wolverhampton Voluntary and Community Action. b) Individuals, who can be invited to join the Board for their expertise induding as °experts by experience. c) A mlnlmum of 2 and a maximum of 3 other partners from the private, education, and public seGtors. These directors are recruited to strengthen links across the City and provide speclalist input into the Board. All trustees they must support our objectlves. d) The Clty Council has observer status on the board and may invite any person to attend the charity's meetings (both directors and general meetings) as an obseer without the power to vote. This observer will not be counted in the quorum. The quorum shall be 3 or such larger number as may be decided from time to time by the directors. This quorum must include at least 2 directors from a) and at least 1 from c) above. The quorum must have Voluntsry and Community Organisations In the rnajority. This Is so that any changes or any issues requiring a vote will need to be supported by VCO members. At the time of this report, one board member has resigned, Iwo new board members have been recruited and there Is one vacancy. We have 11 Board members made up of 3 partners, 3 experts by experience and 5 VCS organisations. We have ensured that our Board membership reflects the diverslty of Wolverhampton and at the lime of writing 5 of the current 11 Board members are people from minority ethnic communities, The Trustees of the company are also the Charity Trustees for the pUOseS of charity law. Under the Company's Artides they are known as members of the Management Committee. Trustees. Inductlon and Tralnlng As representatives of member organisations, key partners, or individuals most Trustees are familiar with the work of WVCA. Each new board member meets with the Chief Executive and is provided
WOLVERHAMPTON VOLUNTARY AND COMMUNITY ACTION Trustees, Annual Report for the year ended 31 March 2025 with the Charity Commission's Essential Trustee Good Practice Guide and is given the latest information and links on the roles and responsibilities of a trustee, In addition, rep)rts on specific activities are provided at board meetings. A board awayday is being planned for Trustees. The strategic diiection of WVCA is regularly discussed at bo8rd meetings. The Board and CEO will meet In order to keep thls under review and reset the organisation strategic priorlties where required. anisational Structure WVCA has a trustee bJard of up to 12 members who meet bimonthly and are responsible, with the Chief Executive, for the slrategic direction of the Charity. In addition, the City Council nominates a Councillor with observer status on the board. The Chief Executive has delegated responsibility from the board for the provision of seNices and the day- to-day operation of WVCA. The Chief Executive works closely with managers In executing these responsibilities. The structure below the Board comprises several elements as follows: Pro'ect Leads: The Chief Executive meets on a regular basis, with project leads as required, to establish that the organisation is delivering its mission, that it Is doing so in a consistent and effectlve manner, and to make any operational adjustments that may be required. Staff meetin s: Regular staff meetings provide a forum for ensuring a collective understanding of day- to-day matters in areas such as health and safety and provide a forum for the Chief Executive and others to communicate matters of relevance to all staff. Staff su ort.. All staff meet regularly for supervision with their Line Managers. Currently, the Chief Executive manages the ServiGe and Business Development Manager, Finance OFficerlManager, Social Prescribing Coordinator and the Engagement and Partnerships Lead. The Service and Business Development Manager manages the Infrastructure Support Team (3 staffj, Comms Officer and the SUIT Project Lead. The Chief Executive receives supervision from the Chair of the Board. inancial dele ation: Robust financial systems are in place, with levels of financial authority from the Board, through to the Chief ExecuUve down to individual projects, within agreed budgets. Systems for authorising both Income and expenditure are in place along with an effective credit control system. Regular reports to Board ensure overall financial prudenGe and allow for the management of any financial risk. Partner Organisations WVCA Is a memb8r The National Council forvoluntary Organlsations {NCVO>, NAVCA and The Chamber of Commerce. As an umbrella organisatlon for the sector, WVCA has a major strategic role in Wolverhampton and works with partners locally, sub-regionally and nationally in order to achieve shared outcomes. To this end WVCA works In partnership at a number of levels and these can be summarised as follows: Voluntar Communit Social Ente rise and Faith VCSEF rou s: WVCA has a role in working with other VCOS to °thampion" the sector. This involves worklng with organisations in response to issues affecting the sector and carrying out a co-ordlnating role to ensure thatthe sector Is effectively represented at a strategic level across the city. At the most strategic level this includes membership of the "One Wolverhampton" Board and the Health and Well Being Board. In addition, WVGA has the role of facilitating the Wolverhampton VCSEF Alliance. Conso 'a Partners.. Consortia working, both within the VCSEF and across sectors, is growing and developing as an accepted approach for achleving better outcomes for local people. WVCA have been leadlng the way in the development of consortia both across the City and beyond, which has resulted, over
WOLVERHAMPTON VOLUNTARY AND COMMUNITY ACTION Trustees, Annual Report for the year ended 31 March 2025 the past 10 years in over £10M being secured and spent with VCSEF in Wolverhampton and the surrounding area. In particular.. Black Country Together (BCT) was developed In 2013 by the four CVS'S In order to support the delivery of sen11$ by the CVS on a sub-reglonal level. WVCA is one of the four members of the organisation, VWCA delivers the Gity's Social Prescribing (SP) Servi. GPS and other services refer people to SP lo address loneliness, isolation and low level mental health issues. The VCSEF provide 'social prescriptions,. WVCA also leads on the VCSEF Alliance , which consists ofrepresentation from Voluntary and Community groups and organlsations and has become a key focus to ensuring a strong and clear voice for the sector on a rang& of strateglc and policy Issues. statuto Sector: The Chief Executive of MICA is a member oflhe One Wolverhampton Partnership and isjoint lead on Communlty Activation which is a key priority of the board. She also meets regularly with the Chair of the board, the Director of Public Health and other senior statutory sector colleagues. WVCA, through the Chief Executive also represents Ihe sector on a wide range of other forums, for example: O Children and Families Together Board O Youth Justice Board O One Wolverhampton rf Safeguardlng Boards rf Integrated Care Partnership rf Health and Well Being board WVCA also facilrtates representation on a range of strategic and operational forums Including: rf The Safer Wofverhampton Partnership rf Health and Well Being board O Safeguardlng boards In addltion, the Board and the CEO of WVCA work closely with statutory sector colleagues on a range of strategic matters such as, social value, co-production, strategic funding and so on. Risk Mana ement The risks facing WVCA can be considered under 3 broad headings as follows., Financial Internal Control Risks,. The risk of financial mismanagement and, in the extreme, fraudulent activity: The overall risk is reduced by having in place robust financial controls and policies and procedures for safe management of financial reSoUrs. In additlon, WVCA has a robust and effective credit control system In place that serves to ease cash fflow difficulties and minimise bad debts. These systems, coupled with a small bLrt very competent finance team means that we are working well in a complex envlronrnent. The financial outturn for the year under report, with a deficit of £20,179 on unrestricted funds and no signlficant overspend on restricted budgets, within an extremely challenging year would seem to support this. Our continued membership of WMPF for one long standing and several ex stsff members does present an On-goi financial challenge with a tri-annual actuarial valuation due to take place during 2025, as the
WOLVERHAMPTON VOLUNTARY AND COMMUNITY ACTION Trustees. Annual Report for the year ended 31 March 2025 level of Gontribution rates continue to increase. Previous confirmation from WMPF that'upon termination the associated assets and liabilities will be subsumed by the guaranto in this case WCC, is a very welcome Clarification and significantly reduces medium terms risk. The remaining risk, aside from current affordability, is the aPiCable strain cost relating to the 1 remainlng staff member should they be made redundant after the age of 55. Our auto enrolment pension scheme, introduced for all other staff, is running smoothty with good take up. External Financial Risks.. WVCA'S income is generated through grants, contracts and dired, paid for, servIs. The landscape is changing nationally and locally with, for example, the abolition of NHS England, the restructure of Ihe Integrated Care System and the significant reduction in funds available through the City of Wolverhampton Council. We have negotiated several contracts with commissioners where we have been able to run grant programmes for the VCSEF sector resulting in £350k being awarded to the sector through those grant programmes. We have negotiated direct awards for the continuation of the SP and SUIT contracts., however, these negotiations are at prices from 5 years ago. We are needing to navigate Carefully through this landscape both for ourselves and the wider sector. This has created a situation where there are limited opportunities and high levels of uncertalnty and associated risk. Operational We work in an environment where the welght and complexity of legal requirements In areas such as health and safety, safeguarding, employment law, equal opportunities and GDPR is growing, In addition the hole system approach" brings its own challenges for example the need for technical solutions to effective partnership working, (in our case the shared use of EMIS the IT platform used by GPS). Thls places all organisations at risk. In order to help manage this, the Service and Business Development Manager takes a lead on internal policies and procedures; additionally, we are working with an HR adviser and internal policies and procedures are under review. The Board are ultimately responsible for overseelng this area of work and WVCA also has in pla a number of stsff-led infortllal working groups including in the areas of first ald, fire safety and health and safety. We ended hybrid working on 1st July 2024 in reGognition of being post Covid coupled with the needs of people who use our services for faGe-to-face delivery of projects and services. We still use Teams as and when necessary. Finally covering our core costs, including the "core team Is a growing challenge, funders are not prepared to fund organisational Infrastructure and are often unwilling to fund on the basis of full cost recovery. Personnel Most organisations have a high level of dependency on their key staff. This is exarbated within WVCA where the diversity of our activities and high levels of specialism among senlor staff places us at significant risk If those staff were to leave through reslgnation or illness - In several areas there are no ready-made rep1arnents that would be able to cover beyond the short term. Notice periods for the Chief Executive is three months and for other managers it Is one month. this does redu the risk of key posts being left unfilled for any signifioant time. staff turnover Is historically low, consistently running near or below 10 %.
WOLVERHAMPTON VOLUNTARY AND COMMUNITY ACTION Trustees. Annual Report for the year ended 31 March 2025 staff sickness rates for thls year averaged 4.76 days per employee, however, this does not include 3 staff who all had periods of long-term sickness.. in two cases 6 months each. Including these 3 staff would increase the average to 9.51; that said, 16 Staff had no sickness and a further 11 staff had between 1-5 days during the year. Ob ectives and Activlties Our mission, vision, values and principles are as follows. Our vision Our vision is the world we want to see. This is the reminder that everything we work hard to achieve is worth the effort because what we do is so much bigger than the 9-to-S. Wolverhampton as a cily where everyone has the opportunity to fulFil their potential. Wolverhampton as a clty where the root causes of inequality are eradicated for good. Wolverhampton as a city with a well-resourced and thiiving VCSEF sector that supports strong, diverse communities. Our mlsslon If the vision is the fLrture, the mission is today. Every day that we get up and fulfil a part of our mission, we're one-step closer to achieving our vision. To provide unrivalled, dedicated support ServIS to the voluntary and community sector. To champion Wolverhampton's voluntary ar community sector through our reach and influence. To promote community action and develop opportunities for people to engage in volunteering. To support people to have agency over their lives and influence decision-making processes that matter to them. To enhance people's quality of life within Wolverhampton, especially for those who feel most excluded. To develop partnerships which encourage co-design and co-production. Our values At WVCA, we are connected by a set of collective values, keeping us all working in the same direction. These values are: Collaboration Integrity Inclusive Supportive Delermination Respect Our Guldlng Prlnclples Our guiding principles are a set of promises which our brand will alway5 align with.
WOLVERHAMPTON VOLUNTARY AND COMMUNITY ACTION Trustees, Annual Report for the year ended 31 March 2025 We can use them when we want to reinforce our belief system. Our principles are the guide by which we work and also how we evaluate our work. We are all about people The people of Wolverharnpton are at the heart of every decision we make. We believe that every person should be given the opportunity to fulfil their potential. We are change makers We seek to understand the challenges people face. We work tirelessly to challenge discrimination and commit to combattin9 the root caus8s of inequality. We seek to collaborate We know we can achieve more by working in partnership with others. We are your trusted ally, always on hand with resourGes, experience and passion. We like to work with partners to find solutions. Together we can. We take bold and innovative action We are brave, and together we persevere to reach our goals, building a strong neork that is agile and resilient. We strive for progress We use our diverse skills and experience to influence and drive fomard change. We seek to support our parlners to create pivotal and lasting transformation. Though our voice may be calm, our impact is loud. Public Benef it A thriving Voluntary and Community Sector is a key airn of Central Government and is increasingly seen as part of the solution to the health and social care crisis facing Ihe country. This will Involve the groups and organlsations that make up the sector playing a fuller role in delivering setvices, including public seNIS. Recasting the relationshlp belween people and government. empowering citizens. extending opportunities and communities coming together to make lives better are key to current political thinking. In recent times the development of SoGial Prescribing has seen a greater focus on our sector as the enthusiasm and need for'social prescriptions" grows. In this contextWVCA: Supports the development of capacity within the sector to position It to play a fuller part in the delivery of seNices. Delivers Wolverhampton's Social Prescribing Servi. Enables meaningful participation in the work of partners sub regionally, City-wide and at the neighbourhood level. Principle 1: Identifiable Benefits benefits are: A strong and effective VCS EF in the city. A clear Vol for citizens, specifically those who use public services to influence and improve those ServIS and the policies that inform them. 1b Related o our alms: By supporting voluntary organisations to operate more effectively and by providlng a clear Vol for citizens, both through groups and as individuals, our benefits are directly related to our aims. 1c B lanced a ainst ha With reference to each benefit outlined above: A strong and effective VCSEF Improves the quality of provision and Chol to those who commission SerVis. There are many services, both publlc and othemise, that are delivered
WOLVERHAMPTON VOLUNTARY AND COMMUNITY ACTION Trustees, Annual Report for the year ended 31 March 2025 better by VCOS for a number of reasons including fleXirIty, reach and cost effectiveness. This is acpted and supported by all political parties at the tlme of writing, A clear voice for Cltizens helps to ensure that resources are used to best meet the needs of beneficiaries. 11 Is possible that glving a disproportionate voice lo one particular interest or point of view could be detrimental and thus VINCA works hard to ensure that a balanced picture, Informed by a wide range of volces, Is presented through the activities outlined in notes 14 and 15 to the accounts. Prlnclple 2: Benefit to the public 2a Beneficlaiies a ro nate to the alms: Beneficiaries are *oluntary organisations. and the community within Wolverhampton and the surroundlng areas. The vast majority of our work has been within Wolverhampton with these beneficiaries. Some cross boundary woth has taken place withln the Black County and, less so, the West Midlands. In all this work Wolverhampton organisations and communilies have benefited and remained our focus. Black County Together, Soclal Prescribing and most recently work with the ICS provide a vehicle for supporting voluntary organisations to work together to delivery public services and provides some capacity building to help them do so. Any surpluses generated will be used to the benefit of the local community. 2b Not restrict abili WVCA'S basic services remain free at the point of delivery. No organlsation within the area of benefit was denied a service because of inability to pay and we will continue to make every effort to maintain this approach. ra 2c Peo leln ve must not b8 e cluded: No charges are made to individuals for IWCA'S setvices and thus people in povety are not excluded. A flexible approach to delivery including visiting groups and individuals, providing information in written and electmnic fonns etc., also ensures that no-one is excluded as a result of poverty.
WOLVERHAMPTON VOLUNTARY AND COMMUNITY ACTION Trustees, Annual Report for the year ended 31 March 2025 2d Private benefit must be incidental: WVCA gives grants to groups to help them achieve thelr charitable aims - these are not used to provide any personal benefit to group members. WVCA provides for expenses to be paid to volunteers. These expenses are to cover the costs to the individuals of engaging in forums or carrying out specific tssks. Fundraising The majority of WVCA income is frorn Contracts and Grants. No further direct fundraising activities have taken place during the year 2024-2025. Volunteers WVCA operates the city's Volunteer Setvice (Wolverhampton Volunteers). The seNice plaS over 1000 new volunteers a year, wlth some 250 registered organisations offering placements. The service also supports our most vulnerable citizens through BBO (Building Better Opportunltles), working more closely with them to help ensure they can use volunteering, training and other routes to move nearer and into employment. Wolverhampton Volunteers has 8chleved the quality standard - the Volunteer Centre Quality Accreditation (VCQA) - developed by Volunteer England, whlch focuses on the six core functions of a volunteer centre and of which only one is available in each locality. The centre is increasingly becoming a hub for volunteering across the whole city, at the outbreak of COVID and the associated restrictions we worked closely with the local mutual aid group which led to 8 slgnificant increase in the numbers of volunteers iegistered with us. We provide regular support sessions with placement provlders lo improve their knowledge and practice, and outreach where capacity a15ows. WVCA does offer opportunities for volunteering, primarily within SoGial Prescrlbing through, for example, befrienders and SUIT where volunteers are ntral to the delivery of the service. Opportunities elsewhere within the organlsation are ad hoc but do regularly offer themselves. All volunteers within WVCA are supported by paid staff and offered expenses to cover costs associated with their volunteer roles. Detalls of the varlous work strands that dellver the above are Included in Notes 14 and 15 to the accounts on pages 26 to 29. Overall Achlevements Performance and Flnancial Review During the year there was a reduction in income to £1,518,545 (from £1,598,684). There has b&n a small reduction In total unrestricted funds from £450,520 In March 2024 to £430,341 (pre-transfers). During the year we worked directly to support many hundreds of groups and organisations,, engaged with and influenced a wide range of forums, strategies and inldatives across Wolverhampton and beyond and supported thousands of vulnerable arKI troubled individuals, both direcuy and through collaborations with a wide range of organisations. We were successful in secuting a number of contracts Including; Heart of England, HOPE Volunteer Project, Knowyour Neighbourhood Fund, SEBF and Preventative Partnerships (st, Peterfs Activity). We received in excess of 150 applications across the Black Country whlch was a significant achievement bringing in approximately £400k into our Clty. The vast bulk of this resource goes to VCS partners. We continue to lead the way in temis of innovation across the City, championing the development of Social Prescribing including making SUCssful applications for funds to be used by partners in providing social prescriptions. 10
WOLVERHAMPTON VOLUNTARY AND COMMUNITY ACTION Trustees, Annual Report for the year ended 31 March 2025 Reserves Policy The reserves considered in the Reserves Policy, are the Yree reserves" These are the sum of the Unrastricted General Reserves, less Fixed Assets within Unrestricled Activity. The rationale for WVCA'S reserves is: to biidge the gap beeen the spending and reIving of resources, to provide sustainability and continuity within times of income shortfall, and to enable WVCA to respond lo key developments in the sector. The Trustees aim to build reseNes which would enable WVCA to continue to fulfil its commitment to achievement of outcomes for at least 6 months, and to honour its liabilities at any point in time for which a separate deslgnated reserve is set within Unrestricted Reserves. For the 2024-25 awounts this policy gave us a figure to work towards of £515,393. As at 31 March 2025, VIJVCA'S unrestricted reserves are £561,795 (£450,520 in 23124). This is largely result of a small decrease In In-year reserves, offset by transfers of reserves from projects which have now completed Into general unrestricted and deslgnated reserves. Thls total is a combination of designated resewes of £276,890 (which includes £177,130 for closure costs) and general unrestrfcted reserves of £284,905. After allowing for a commitment towards a fixed asset of £10,297 thls leaves a resldue of £274,608 (£309,854 in March 2024) as contribution lowards the tsrget of 6 months running costs, as directsd by the reserves policy. Plans for the future We are in year 2 of the Infrastructure and Volunteer Centre contract. The contract value Is £200k per year with no uplift. The contract is In place until DecemtEr 2028, with the option to extend for up to 2 further years. The reduction in value of the contract given current pressures including those relating to pressure on pay is a challenge and further illustrates the shrinklng of our financial relationship with the Council at a time when the demand on WVCA and the wider sector is increasing. SUIT has a subcontract in place with NACRO. The substantive contract between NACRO and the city council is in its 2-year extension period until the end of March 2025, and we are in discussions regarding our partnership and future activities over this extension perlod. Th6 Social Prescribing Service is funded through 6 PCNS and the Integrated Care Board (formerly CCG) year on year. During the months leading up to the end of March 2025, we were informed that one PCN was withdrawing from thls arrangement from 18t April 2025. Therefore, the budget, including the ICB Gontribution was cut. This resulted in the directive to reduce the SP Manager and SP Deputy Manager to one post. The SP Manager opted for voluntary redundancy. The SP Deputy Managerwas inteNiewed for the new role of SP Coordinator in April 2025 and was SucsSfUl. This also resulted in the SP Link Worker for the said PCN being seconded to them under a TUPE arrangement. We do see a range of opportunltles for our organisation, alongside the challenges, in the years ahead: 4 Social Prescribing is an established part of the Wolverhampton Health and Social Care landscape. It is a core manifestation of public sector aspirations for a whole system approach and a key role for the VCSEF, To that end we do believe that this is likely to be a growing area of work. The Black Country Integrated Care system is most likely to implement the whole system approaGh that is required, if health and social care is to improve. We have developed excellent relationships with system leads ar)d employ the Engagement and Partnerships Lead Officer leading on this work for the VCSEF. Funds for the sector have been made available through this route. To date we have led on the distribution of short-term funds in Vvolverhampton. rf We have a very positive emerging relationship with the local hospital Trust and secured a joint contract with the national NHS charity. 11
WOLVERHAMPTON VOLUNTARY AND COMMUNITY ACTION Trustees. Annual Report for the year ended 31 March 2025 In summary: We are in year 2 of our Infrastructure and volunteer centre contract. Encouragingly projections are improving as we go through the year and we are well placed to pick up any short-term shortfall via reserrfes, if this becomes necessary. Auditors Messrs Muras Baker Jones Limited have signified their willingness to continue in office as auditors, and this was agreed at the last audit. Board of Trustees Simeon Greene (Co£hair) Patricia Mary Kemp (Co-chair) James Fox Anne Marie Harrison Gurbax Kaur Paul Tulley Dr Josh Johnson Daryl Chambers Anna pla (appointed 2210412024) Lisa Storey (appointed 0410612025) Dominique Williams (appointed 0410612025) Pamela Cole-Hudson (resig ned 1810212025) Janet Clarke Lewis (resigned 1010612024) CounGillor Jeszemma Howl (city council observer resigned June 2025), to be replaced by Councillor Tersaim Singh Disclosure of information to the auditors We, the trustees I directors of the company who held office at the date of approval of these Financial Statements as set out above each confirm, so far as we are aware, that: there is no relevant audit Information of whlch the company's auditors are unaware. and we have taken all the steps that we ought to have taken as directors In order to make ourselves aware of any relevant audit infomation and to establish that the companls auditors are aware of that infomiatlon. By order of the Board of Trustees Sharon Nanan-sen Secretary 1 October 2025 Slmeon Greene Co£halr l October 2025 12
INDEPENDENT AUDITOFVS REPORT TO THE TRUSTEES OF WOLVERHAMPTON VOLUNTARY AND COMMUNITY ACTION for the year ended 31 March 2025 Oplnlon We have audited the financlal statements of Wolverhampton Voluntary and Community Action (the 'charitable company,) for the year ended 31 March 2025 which comprise a statement of financial activities (incorporating an Income and expenditure account), a balance sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applled in their preparation is applicable law and United Kingdom Accounting Standards, including Flnancial Reporting Standard 102 The Financial Reporting Standanl applioable in the UK and Republic of Iland (United Kingdom Generally Accepted Accounting PraGtl). In our opinion the finandal statements: give a Irue and fair view of the state of the charitable company's affalrs as at 31 March 2025, and of its incoming reSoUrS and application of resources, Including its income and expenditure, for the year then ended., have been properly prepared in accordance with Unlted Kingdom Generalty Accepted Accounting Practlce., and have been prepared in accordance with the requlrements of the Charitles Act 2011. Basls for oplnlon We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS (UK)> and appllcable law. Our responsibilities under those standards are further described In the Auditorfs responsibilities for the audit of the financial ststements section of our report. We are Independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in acGordance wtth these requirements. We belleve that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our oplnlon. Concluslons relatlng to golng concern In auditing Ihe financial statements, we have concluded that the Irustees, use of the going concem basis of accounting in Ihe preparation of the financlal statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitsble companls ability to continue as a going concern for a period of at least twelve months from when the financial statements are authori5ed for issue. Our responsibilities and the responsibilities of the trustees with reswcl lo golng concern are described In the relevant sections of this report. other Information The other information comprises the infomiation included in the trustees, annual report, other than the financial statements and our auditor's report thereon.The trustees are responslble for the other Infomiation. Our oplnion on the financial statements does not cover the other Information and we do not express any fomi of assurance conduslon thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information Is materially inconsistentwith the financlal statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we Identify such material inconsistencies or apparent material mlsstatements, we are required to detsrmine whether this gives rise to a rnaterial misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there Is a materlal misstatement of Ihis other information, we are required to report that fact. We have nothing to report In this regard. 13
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF WOLVERHAMPTON VOLUNTARY AND COMMUNrtY ACTION for the year ended 31 March 2025 Matters on whlch we are required to report by exceptlon We have nothing to report in respect of the following matters In relation to which the Charitles (Accounts and Reports) Regulations 2008 require us to report to you If. in our opinion: the infomiation given in the trustees, report is inconsistent in any material respect with the financial statements. or sufficient accountlng records have not been kept, or the financial statements are not in agreementwith the accounting records" or we have not reIVed all the information and explanations we requlre for our audit. Responslblllties of trustees As explained more fully in the trustees, responslbilities statement set out on page 2 the trustees (who are also the directors of the charitable company for the purp)ses of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such intemal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern. disclosing, as applicable, matters related to going concem and using the going concern basls of accounting unless the twstees elther intend to liquidate the charitable company or to cease operations, or have no realistlc altemative but to do so. Auditor's responslbllities for the audlt of the financlal statements We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordan with the Act and relevant regulations made or having effect thereunder. Our objectlves are to obtain reasonable assurance sbout whether the financial statements as a whole are freefrom material misstatement, whetherdue to fraud or error, and to issue an auditor's reportthat includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted In accordance with ISAS (UK) will always detect a rnaterlal misstatement when it exists. Misstatements can arise from fraud or error and are considered material rf, individually or In the aggregate, they could reasonably be expected to influence the economic declsions of users tsken on the basis of these financial statements. Irregularitses, including fraud, are Instances of non-compliance with laws and regulations. We design procedures In line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, Including fraud. The extent to which our procedures are capable of detecting Irregularities, Including fraud is detailed below: In planning and designing our audit tests we identify and assess the risks of material misstatement within the financial statements, whether due to fraud or error. Our assessment of these risks Includes consideration of the nature of the Industy and sector, the control environment and the charity performance along wlth the results of our enquiries of management about their own identification and assessment of risks and irregularities. In common with all audits under ISAS (UK), we are also required to perfomi specific procedures to respond to the risk of management override. We also obtained an understanding of the legal and regulatory frameworks that the charitable company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of rnaterial amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companles Act, Charities Act, UK tax legislation and other laws and regulations identified as risk areas identified from our discussions with management. 14
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF WOLVERHAMPTON VOLUNTARY AND COMMUNITY ACTION for the year ended 31 March 2025 We communicated relevant identified laws and regulations and potential fraud risks to all engagement team members Including internal specialists, and remained alert to any indications of fraud or non- compllance with laws and regulalions throughout the audit After consideration of the above risks we then carried out audit prOdureS including the following: performing analytical prOdureS to Identify any unusual or unexpected relalionships that may Indicate risks of material mlsstatement due lo fraud., reading mlnutes of trustees meetings,, reviewing Corresponden with H M Revenu& & Customs. enquiring of management and reviewing any Correspondence with legal adSor8 concernlng actual and potential litigation and claims. reviewlng the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financlal statements; in addressing the risk of fraud through management override of controls, testing the appropriateness of Journal entrles and other adjustments; assessing whether the Judgements made in making accounting estimates are indICaVe of a potential bias. and evaluating the business rationale of any significant transactions that are unusual or outside the nonnal course of business. There are inherent limitstions in our audlt procedures described above. The more removed that the laws and regulations are from financlal transactions the less likely it is that we would be aware on non- compliance. Auditing standards also limlt the audit procedures requlred to identify non-compliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal Gorrespondence, If any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responslblllties for the audit of the financial statements 18 located on the Flnancial Reporting Council's webslte at www.fr¢.org.uklauditorsresponsibilities. This description forms part of our auditorfs report. Use of our report This rewrt is made solely to the charitsble company's trustees, as a body. in accordan with Part 4 of the Charitses (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state lo them in an auditorfs report and for no other purpose. To the fvllest extent pemiitted by law, we do not accept or assume responsibility lo anyone otherthan the charitable company and the charitable company's trustees as a body, for our aLKlIt work, for this repor( or for the opinions we have formed. Muras Baker Jones Limlted Chartered Accountants and Statutory Auditor Regent House Bath Avenue Wolverhampton WV14EG 1 October 2025 Muras Baker Jones Llmlted is eliglble to act as an auditor in terms of SeGtion 1212 of the Companies Act 2006. 15
WOLVERHAMPTON VOLUNTARY AND COMMUNITY ACTION ststement of Financlal Actlvlties for the year ended 31 March 2025 (Incorporatlng an Income and Expenditure Account) Unrestrlctsd Funds 2025 Restrlcted Funds 2025 Total Funds 2025 Total Funds 2024 Note INCOME Income from Gharitable actilAties 16.105 1,490,097 1,506,202 1,588,365 Investment Income 12,343 12,343 10.319 TOTAL INCOME 28,448 1,490,097 1,618.545 1,598,684 EXPENDITURE Charitable ActItIeS 48.627 1,448.409 1,497,036 1.723.849 TOTAL EXPENDITURE 48,627 1.448,409 1,497,036 1,723,849 NEf INCOMEIEXPENDITURE <20,179) 41.688 21,509 (125.166) Transfers between fvnds 14 131,454 (131,454) NET MOVEMENT IN FUNDS 111,275 (89.768) 21,609 (125,165) Total funds brought foward 450,520 617,528 1,068.048 1,193,213 TOTAL FUNDS at 31 March 2026 561.795 527,762 1,089,657 1.068,048 16
WOLVERHAMPTON VOLUNTARY AND COMMUNITY ACTION Balance Sheet as at 31 March 2025 Note 2025 2024 Fixed Assets: Tangib18 Assets 21,049 Current Assets: Debtors DeposltAccounts Cash at bank snd in hand 154,649 482,253 565.656 1,182,558 123,435 451,475 1,105,563 Credltors:8munts falling due within one year Net currènt assets Total nel assets 11 (114,050) (37.515) 1068 608 Charlty Funds: C£neral Unrestrict fund Deslgnated funds Restricted funds 284,905 276,890 274,998 175,624 617 528 1068 048 1089 557 The Directors are satisfied that the company was entitled to exemption from audit under sectlon 477 of the Companies Act 2006 relating to small companies. However, an audit is required in accordance with section s154 of the Charities Act 2011. Directors, responsibilities., 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,. 2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and pieparation of the accounts. The financial statsments were approved by the Board of Trustees and authorlsed for Issue on I October 2025. 3/ Simeon Greene Co-chair of Board of Trustees Pat Kemp Co-chair of Board of Trustees Company Number: 2288239 17
WOLVERHAMPTON VOLUNTARY AND COMMUNITY ACTION Cash Flow Statement at 31 March 2025 Note 2025 2024 Cash flows from operatiw a¢tfvltlos: Surplus I (Deficit} for the year 21,5D9 (125,165) AdJu8tsMents for: Depreciation of tsngikle assets Cther interest re1veable and slnilar incon Loss on disposal of asset 3,W7 (12,3431 750 {10.3191 Changes in: Trade and other debtors Trade and cther creditors (31,214) 76,535 57,494 39.930 (10.952) (105,755) Cash generated from operations.. Interest recelved 12,343 10,319 Net cash from l (used in) operating acthvitieg 69,837 (95,436) Cash fflows from Investing activitie5 Payment to acquire tanglble fixad assets (24,056) Net Increase l (dreaSe) In cash and cash eqValents Cash arKI cash equiwdlents at beginnlng of year 45,781 982,128 (95,436) 1,077,584 Cash and cash equivalents at the year end 10 1.027,909 982,128 18
WOLVERHAMPTON VOLUNTARY AND COMMUNITY ACTION Notes formlng part of the financlal statements forthe year ended 31 March 2025 I statement of Compliance The financial slatements have been prepared in compliance with FRS 102, 'The Finanoal Reporting standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts In aCGO[dan with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charlties Act2011. 2 Liability of Members WVCA is a company limited by guarantee. It does not have a share capital and the liab511ty of each member is Ilmited to the guarantee glven by that member, which shall not exceed £1. There are no beneficlal Interests and under the terms of Its Memorandum 8nd Articles of Association any surplus can only be applied lowards the promotion of WVCA'S objectives, and no dividend or other form of distribution can be pald to its membets. 3 Accounting Policies Basls of re aration The financial statements have been prepared under the historical cost convenlon. The financial statements are prepared in stsrling, which is the functional currency of the entlty. WVCA meets the definition of a public benefit entity under FRS 102. sio One employee is a member ofthe West Midlands Pension Fund (WMPF"). The pension cost charge in the financial statements represents contributions due to this scheme in respeGt of eamings durlng the year, which are based on recommendations by the fund actuary. cos The disclosures required by FRS 102 have not inclLKled in the financial statements. VWCA is in a multiemployer defined benefit pension stheme, WMPF, and FRS 102 requires such organisations to identify their share of the pension scherne's assets and liabilities. However, withln FRS 102 thls is only to be achieved if "sufficient infonnation. is available to do so. WVCA believes that an actuarial valuation would not be a reasonable use of public funds, and the dlrectors therefore have decided not to provide this financial information on the balan sheet in the financial statements. WVCA manages conlributions to its pension fund in line with the WMPF valuation recommendations, pension costs for 11 of the projects are fully budgeted for, and WVCA receives an actuarial valuatlon on the WKIPF scheme on a three yearly basis, Issues around risk management of the pension fund are continually assessed Ihrough work with staff at WMPF, and at Board of Trustees, Meetings. Ta ible fixed assets and de reciation TangilAe fixed assets are normally Gapitalised where the cost exceeds £1,OIJO, and are Stat at cost less depreciation. Depreciation is provided on all tanglble fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset, on a straight line basls over Its expected useful life, as follows.. Office equipment Computers Refurbishment on lease over 5 years over 4 years over time remaining on the premises lease agreement The accounting for depreciation leads lo a discrepanGy between some financial statements submitted to funders, and the fund activity shown in the statutory accounts of WVCA. If a project has a funder which requires that a capital purchase is to be presented as a cash Itern rather than as a capitalised item, as required by Charity Accounting rules, then a discrepancy emerges between the amount claimed from the funder, and the fund accounting in the statutory accounts. Where this is the case, that particular discrepancy is referred to in the Trustees Report. 19
WOLVERHAMPTON VOLUNTARY AND COMMUNrrY ACTION Notes formlng part of the financial statements forthe year ended 31 March 2025 Accounting Policles (cont.) Grants able Grants payable to local organisations are recognised in the financial statemonts when there is a commitment to make a payment. Income Revenue grants are received from varlous funders- see note 5- in orderto finance WCA'S activities and are accounted for in the income and expenditure account on an accrual's basis. Where revenue grants are received which have donor-imposed restrictlons as to the timlng of the related expenditure, any income received In advance is deferred. Where revenue grants are received, which do not have donor imposed restrictions as to the timing of the related expenditure, the income is accounted for when recetved. Income from grants, where related to performance and specific deliverables, are accounted for as the charity eams the right to consideration by its performance. Income from the provlslon of legal, payroll and other core servIS are accounted for when eamed. Donated servi(xs and facilities are included at the value to the charlty, where they can be quantified. Investment Income is included when receivable. Ex Resources expended are recognised in the period in which they are incurred and include attributable VAT, where it cannot be recovered. Expenditure on charitable activities consist of costs Incurred in the direct delivery of ser41S and the support costs which are allocated to each of these areas of service provlsion. erati leases Rentals payable under operating leases are charged to the statement of financial activities as incurred, Fu d accountin Unrestricted funds comprise grants and other incomlng resources receivable, or generated for the objects of the charity, without further specific purpose, and are available as general funds. Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund, together with a fair allocation of management and support costs. Designated funds are unrestricted funds earmarked by the TNst&s out of unrestricted general funds for specific putposes or projects. Goin Concem The financlal staternents have been prepared on a going concern basls as the trustees believe that no material uncertainties exlst. The trustees have considered the level of funds held and the expected level of Incorne and expenditure for 12 rnonths from authorising these financial statements. The budgeted income and expenditure Is sufficient with the level of reserves for the charlty to be able to continue as a going concern. 20
WOLVERHAMPTON VOLUNTARY AND COMMUNITY ACTION Notes forming part of the financlal statements for the year ended 31 March 2025 4 Grants payable Number 2025 Number 2024 Glts Allowed Partners 742 1,484 25,592 18,fJ)o 12,050 35,855 38,400 5,000 55,745 120.000 55,078 16,292 383.493 HOPE 20 54.540 Heart of England B REND 9,200 Klngs CoronalJon KYNF-NPACT Social Pre8cribiro Partner st Peier (Prentative SenAcas) S.E.B.F - DCMS WIMar PS$e$ WP- Adt Hospltsl Dlscharge 147 19 19.616 19,894 19 20,000 123,792 37 226 5 Income from Charitable Activities UnreBtrlctèd 2025 Ra8trtctèd 2025 Total 2025 Total 2024 BLF joint funded prograinrne BLF)CmS'Ijintfded programma Clty of Wokferhampton Coul11 (CWC) NHS Black Country Integrated Care Board {ICB> Via BCT Knowyour NeIghbourtod - KYNF The Royal Wolv8rhamton NHS Tntst Unlted by 22 Donalon Non Grant tr0Me 20,000 138,415 174,670 767,879 206,493 81,271 27J52 27.611 200.OCK) 723.988 145.99) 27,6Crf) 62.778 27.611 200.000 723,988 145.990 27.600 62,778 2.121 230 2.121 230 301,900 1,490.097 798 13.984 16.105 315.884 I,S06,202 171.487 1,588,365 ' Department for Digitsl, Culture, Medla & Sport 21
WOLVERHAMPTON VOLUNTARY AND COMMUNITY ACTION Note5 forniing part of the financial statements for the year ended 31 March 2025 6 Breakdown of Costs of Charitable Activity Staff Costs other Charttab Costs Support Costs Total 2025 Total 2024 Core Athilies Infrastructure Support Incl Trading 37,377 1,703 39,080 37,377 11,250 4S,627 69,141 7,C4)3 76,144 8,285 6,285 3,262 3.2S2 Active Connectors BBO Bridges Conmnunity Convorsalions Girls Allowed Heart of England HOPE Hospital Dlscharge 1 Hospital Discharge 2 Infrdstructurt Support King Chartes Coronation LITS 11,070 57 1.983 13,110 41.341 450 37,045 1,418 742 7,500 46,963 742 45,445 3,599 20,000 35,295 42.659 54.540 20,008 8,363 62,903 26,S37 22.089 123,967 6,529 16,933 101.769 4,790 18,150 4,048 113.645 40,855 8,156 4,899 4,899 1,537 MHE - Resen Orange Wolves Preventatlve S6rvice8 REND S.E.B.F- DCMS Social Pre8Gribing Llnk Wotk8rs Soclal Pre8cribing-Asthma Progr STP VCSEF Engagement Suicide Prsvenlion SUIT 1,537 779 19,616 8,696 19,694 60.120 153 19.616 B.696 27,611 614,877 153 70.745 12,554 138,415 618,728 3,064 69,452 443 7,917 501,234 53,523 54,771 2,752 130 9.490 67,013 130 230,193 25,398 1,860 8,745 48,068 303.659 1.860 70,861 159,256 379 Talent Match Volunteer SeTViGes Volunteer S8rvlce8-KYNF IMPACT Volunteer Services-KYNF Winter Pressures Fund Wolverhompton for Ev¢ryone Wolverhampton Lottery WP - AAutt Hospital Distharge YOW- Children's Workforce Ypsp 52,475 9,641 65,844 45,890 22,856 55,076 626 26.037 1,863 4.286 32,188 6,539 19,660 450 5,500 TOTAL RESTRICTED 1,050,872 231,743 165,794 1,448,409 1,647,705 TOTAL EXPENDITURE 1057 157 235.005 1 497,036 1723,849 22
WOLVERHAMPTON VOLUNTARY AND COMMUNITY ACTION Notes formlng part of the financlal statements for the year ended 31 March 2025 6a Support Cost Breakdown by activity 2025 2024 Staff costs Property orrice Depreclation Professional fees Support Costs 133,439 32,238 26.108 1,469 157,552 67,616 44,456 750 195,011 272,509 Governance costs: AGM ALMJit fees TOTAL COSTS 43 8,280 Basis of allocation of costs: staff costs: These are Ihe staffing costs associated with work undertaken in the specific projeGt areas as lisled in note 6. Most staff work wholly in one project area, and their staff costs are allocated to that projeot. If their time is shared belween projects, then the staff5ng cost is split accordingly. The staffing cost comprises gross salary plus on costs, including pension costs where apiCable, other charitable costs: These are costs within the projects, incurred in the pursuance of Ihe aims and objectives of each project. These costs are specific only to the project which they are allocated to. Support Costs: These are costs which are incurred in the running of the organisation. They would include for example, core staff costs, rent, insuran, heat and light, IT SUPFX)rt, repairs and maintenance, and any other costs whlch are associated with core staff executlng thelr tasks, which are requlred in order to support all the projects and contracts within the organisation. These costs are calculated on a budget basls, at the beginning of the financial year, and allocated as per numbets of fvll-time staff members in each project, or in accordan with grant agreemenl arrangemenls, Any support costs which are not recovered in the actual year, are seen as an additional core service support cosL 23
WOLVERHAMPTON VOLUNTARY AND COMMUNITY ACTION Notes formlng part of the financial statements forthe year ended 31 March 2025 7 Net Incomingl{outgoing) resources before transfers 2025 2024 Thls Is stated after charging: Rentals under OFHating leases Auditors remuneration 30,945 9.720 3,007 32,145 8,280 750 Depreciation.. owrEd fjxed assets 8 Tangible Fixed Assets Refurb on lease CompLrters and office equlpment Total 31 March 2024 Disposals AddIti(S 31 Wkrch 2025 34,996 (34,996) 24,056 24,0 5,250 (2,250) 40,246 (37,246) 24,056 27,056 3,000 Depreclation: 31 March 2024 Disposals Charge for the year 31 March 2025 34,996 (34,996) 3,Crf)7 3,007 5,250 (2,250) 40,246 (37,246> 3,007 6,lJ)7 3,1)30 Net book value: 31 hAarch 2024 31 March 2025 21,049 21,049 9 Debtors 2025 2024 Trade Debtors Prepayments and accrwl income 65,504 89,145 154,649 114,039 9,396 123,435 24
WOLVERHAMPTON VOLUNTARY AND COMMUNITY ACTION Notes forming part of the financial statements for the year ended 31 March 2025 qo Cash and Cash Equlvalents 2025 2024 FurKls on deposit at bank Cash at bank and in haThJ 462,253 565,656 1,027.909 451,475 530,653 982,128 11 Credltors: amounts falling due within one year 2025 2024 Deferred Income 62,998 26,109 24,943 114,050 Other creditors 26.928 10,587 37,515 Accruals 12 Analysis of Deferred Income Funder of Deferred Income art of England NHS Black County ICB s.c.v.o United by 22 7,377 50,000 3,500 2,121 62,998 13 Analysis of Net Assets between Funds Unre6tricted Deslgnated ReStrIed Total 2025 Fixed Assets 10,297 299,908 (25.300) 284,905 10,752 266,004 21,049 1,182,558 (114,050) 1,089,557 Current Assets Current Liabilities 616,646 (88,750) 527,896 276,756 25
WOLVERHAMPTON VOLUNTARY AND COMMUNITY ACTION Notes forming part of the flnancial statements forthe year ended 31 March 2025 14 Reserves and Reconciliation of Movèment in Funds 31 M#rch ZOZ4 Transfers Incomlng Resources Outgolng Resources 31 Ivlarch 2025 Unrestrfcted lund& General unrestricted fund Deslgnated fund5 Includlng operatlon Ilabllltles 274,996 175,524 30.088 10&366 28.448 48.627 284.905 276.890 450 520 131,454 28 48 48,627 561.795 Restrkted funds: IOOYO Dlgltal Active Connectors B80 Brldges Communlty Convetsatlons CRF50+ Glrls Allowed Hope Hospital Dlscharge I Hospltal Discharge 2 Inf Support Reserve- Compact Inf Support Reserve - tralninglquallty Infrastructure Support Klng Charles Coronatlon LITS Mental Health ReduclnE Isolation MHE - Reserve MHE-Small Grants NDELJ Orange Wolves Preventatlve Servl¢eslSt Peters RENO SEBF {DCMS) Soclal Prescrlbln8 Soclal prèscrlblng- Asthma Prog Social Prescribing- Thrlvlng Communltes STP VCSEF Engagement Sulclde Preventlon suiy Talent Match Thlrd Sector P'shlp TSC Systems Reslllence Vol Servlces - Space to Connect Volunteer Centre Volunteer Servlces-KYNF Impact Volunteer Servlces-KYN F WEC Wlnter Pressufes Fund Wolverha mpton for Everyone WP- Adult Hospltal Dlscharge WVCA Communlty Lottery YOW - Chlldrèns Workforce Ypsp 8,250 10597 923 2.695 731 748 18.2SOI 2.513 19231 13.110 47,240 45.963 3,972 1731} {6) 742 62,903 26,537 22,089 19.409 29.340 62,778 19.284 2.803 27.911 SO.O(Ml I.5 15.623 11.9051 115.6231 134.000 123,967 10,033 450 I14 5.542 56,359 2,953 737 533 18.855 7,446 14501 4,899 6,945 {5,542) 154,822} 1,537 2.953 (7371 533 761 I916 8.696 27.611 614R77 153 1.250 27.611 673.987 177,425 2A37 3.762 89.610 170 31,692 27.940 Z36,535 2.284 3.762 120,097 97,500 67,013 130 303,659 1,860 140) 293,501 21.534 126,0801 7.571 [7,571) 6,903 4,110 8,415 432 10,216 IAoo 73,382 70.861 9,424 27.600 31186 ,829 1432} {10.216} (1,400) 1,248 1.24B 1.005 49.$00 1.005 49.5¢)0 617 $28 1,490 097 1 448 409 5Z7.762 1.518.545 1.497.036 1.089,557 26
WOLVERHAMPTON VOLUNTARY AND COMMUNITY ACTION Notes formlng part of the financial statements forthe year ended 31 Marth 2025 15 Note: Reserves and Reconciliation of Movements In funds - Transfers between funds: In 2024-25 Ihere were trarferS of funds belween unrestricted and restrlcted funds,. Balances on community renewal fund over 50s (£731), BBO Brldges (£923} and Adult Hospital Discharge (£1,400)- these balances arose from core stsff time funded by grant. Thls balance has therefore been transferred Into unrestricted reserves (£3,054 in total). A number of small balances on old projects thich have ended, having fulfilled funder requlrements, have been transferred into unrestrioted reseNes, totalling £33,244: 100/0 Digital {£8,250) Girls Allowed {£6) King Charles Coronation (£450) NDELJIWfE {£10,953) MH - reducing Isolation (£5,542) SuicKle Prevention (£40) TSC Systems Resilien (£7,571) Winter Pressures (£432) G8n8ral unrestiicted resewes met the shortfall on the Active Connectors project which ended in the summer, to the value of £2,513 and the St Peters project to the value of £761 The remalning balance on the deslgnated fund set aside for re-branding has been transferred back into general unrestrlcted reserves (£645) and the designated fund for closure costs has been increased by a transfer from general unrestrlcted reserves of £3,581 Some resetves formerfy treated as restricted but with no remaining funder restrictions have been transferred into designated reserves, to be held for use in line wlth their original purpose: Infrastwcture support (£17,528) Mentsl Health Empowerment (£54,822) Talent Match records storage (£26,080) Purpose of Funds The information provided below is a brief summary on each fund and how tF funded actilIeS contiibute to WVCA aims and objectives. UNRESTRICTED FUNDS General Unrestrlcted Fund.. This is used to fund some core activlties that are notfullyfunded through our infrastructure support contract wilh CWC. It is also held to enable activities to contlnue for a period of time in the event of sudden loss of funding, in line with the Trustees, reserves policy. Movement on the level of these reserves is dependent on VVVCA'S abllty to recover its core operating costs from support cosl charges to projects together with earned income and bank interest. In the year urKler report net earned income totalled £17,198, consisting mainly of bank interest {£10,278 In 2023-24). The agreed charges to projects fell short of covering support costs by £37,377. The combination of these would have meant a reduction in general unrestrlcted reserves of £20,179. Transfers to and from other funds gave a one-off increase to general unreslricted reserves of £30,088, resulting In a small overall increase of £9,909 to £284,905. This level of reserve would cover approximately 3 month's continuation costs, compared to the 6 months target set out by the reserves policy. Designated Funds: The balance in daslgnated funds is £276,890 This represents.. £1,330 for improving safety withln the organisation for staff and visitors 27
WOLVERHAMPTON VOLUNTARY AND COMMUNITY ACTION Notes forming part of the finandal statements for the year ended 31 March 2025 £177,130 for operational liabilitieslclosure costs £26,080 for Talent Match records storage and associated costs £54,822 for Mental Health Empowemient related costs £17,528 for Infrastructure Support related costs RESTRICTED FUNDS Restricted funds represent funding received for speclfic projects and activities in support of WVCA'S overall objectives. Infrastructure Support: This service provides a wide range of support to local VCOS including in the areas of funding, governanGe, safeguarding, policies, GDPR, informalion etc. During the year we supported many hundreds of organisations and attended dozens of strategic forums across a very wide range of issues. These activities receive a £134K pa contractfrom Clty of Wolverhampton Council re-awarded from 1 January 2024 with an increased level of resour. Whllst this income covers costs in 2024-25 It Is unlikdy to do so for much of the remainder of the Gontract as no inflationary inGrease is included. In previous years the board agreed to subsidise this workfrom unrestricted funds, together wlth the dosignated reserrfe set out above, and this area is monitored by the Board. Hospltal Discharge: This project aims to address the needs of patients rentlY discharged or about to be discharged from hospital in the local communities. The programme has had phases, one beginning in 2023 and a second tranche from September 2024 to September 2025. The remalnlng funds are lo be utilised during 2&26 on project activltles. Preventative Services (St Peters): Funding reiVed through the CCG has now been spent in full. REND: This fund forms part of the Community Conversation Project. The fund was now been spent In full. Social Prescrlblng. The project works with °patients" to identrfy alternative approaches to tackling issues such as low level depression, isolation and frequent GP contact, that can better be tackled by diversion to activities withln the VCS such as wellbeing sessions, group a¢VitieS, exercise etc., rather than by medical interventions. During the year the project supported in the reglon of 1500 Gustomers facing loneliness, isolation and mental 111 health. .In the year under report the project was funded through a combination of PCN (NeorkS of GPS), and the CCG. An in-year surplus of £59,110 arose from operational savings combined wlth additional income a15ocated towards the end of the year. The tr)tal surplus of £236,535 will be spent In delivering the wider social PrescribirKJ vislon, including filling gaps in presGriptions in the years ahead. and in supporting unfunded cost of living increases. Local Implementation Teams (LITS) Local Implementation Teams (LITS) have been fomed by the Dudley Health and Care Partnership Board to improve patient pathways. They wlll consist of a number of GPS, clinicians and other key partners. The voluntary sector has been invited to be part of each LIT, It is envisaged that they will be short-temi, task and finish type teams. Local voluntary and community organisations such WVCA to represent the sector at each LIT. WICA secured thls funding during 2023 with a plan to continue activities over the next year. Service User Involvement Project {SUIT): Through a SvcontraCt with NACRO this project works alongslde users and ex-users of drug treatment seniices to support them in Influencing the design and 28
WOLVERHAMPTON VOLUNTARY AND COMMUNITY ACTION Notes forming part of the financial statements for the year ended 31 Marth 2025 delivery of drug treatment seNlces and provldes direct supwrt to servlce users using a model based on abstinence-based recovery. STP - Engagement & Partnershipllcs: Funded through the Integrated Care Systern this work is overseen by WVCA on behalf of the four Black Country CVS organisations. We employ a worker who delivers Ihis work that commenced in 2020121. Wolverhampton Volunteers Servlces: The project forms the basis of our volunteering offer and Is outlined in the Trustees Annual Report under Yolunteers.. The project works with some 250 organisations, providing volunleers and support. Orange Wolverhampton: This funding was raised in previous years and must be used to support Orange Wolverhampton, a campaign to raise awareness of Violen Inflicted on Women and Girls. YOW- Chlldren's. workforce: This fund Is restricted for use in training the chlldren's, workforce in the City. Hope: Hope is a partnership bebNeen Royal Wolverhampton NHS Trust (R) and Wolverhampton Voluntary and Communlty Aclion (WVCA) to improve Mental health due to Isolation or other factr)rs. As part of our work we have established a small grants programme thich will support activities that will help to reduce isolation arKI loneliness, through grass roots community groups and small organisations. Th& funding has been used In full In 2024-25 and supplemented by a small contribLrtion from g6neral reserves. Young People - Social Prescribing: WVCA were awarded funding to help supporl young refugees and mlgrants that are currently living in hotels In Wolverhampton. Funding was awarded just prior to year ending March 2023, with initial plans to Lrtilise during 2023-2024. Cuffently WVCA has reserves of £49,500 to be utilised in line wilh plans agreed with the funder during 2025-2026. Actlve Connectors: WVCA were given funding to work with partners in the community to reduce inactivity, tackle inequality and improve the lives of local residents. Black Country Community Connectors (Active Connectors) are engaging with local communities and community groups across 12 priority wards across the Black Country to enable people to move more. All remaining reseries were used during 2024-2025, supported by a small contrfbution from unrestricted reseries, 16 Information regardlng the members of the Board of Trustees The names of persons who are members of the Board are given in the Report of the Board of Trustees. Remuneration: Under the tems of the Memorandum ofAssociation, nelther member ofthe Board nor any connected person shall receive any remuneration from MICA. Board members are offered reimbursement for travel expenses. The amounts involved are negligible. 29
WOLVERHAMPTON VOLUNTARY AND COMP4lUNITY ACTION Notes forming part of the flnandal statements for the year ended 31 Marth 2025 17 Particulars of Employees The average monthly headcount was 39 (35 in 2024). The average number of full time equivalent persons employed by WVCA during the yearwas: 2025 2024 General acti)rities 33.1 30.5 The aggregate payroll costs of these persons was as folloMB: 2025 2024 Wages and salarles Social security costs Other pension costs Redundancy costs PaynEnts to sub-contractors 1,032,965 82,236 40,675 941,967 86,868 48,531 34,720 1,190,596 53,566 1,130,932 2025 2024 Key management retwneration 67,636 101,582 No err¢)loyee's earned benefits (e>Lluding employer pension costs) of more than £60,OIJ). 18 Pensions One remalning employee of the charlty is a member of the West Midlands Metropolitan Authorities Pension Fund, which is a multi*mployer scheme. The Fund is fInand by contributions paid by both employees and the charity, and by eamings received on investments. The scheme is a Defined Benefits Scheme. It has been closed to new members. Contributions to the Scheme from the employee are payable at a variable rate according to graded rates of pensionable pay. The employer contribution rate rose to 24.2 % in 2020121 In response to the Actuarial Valuation for the scheme and was unchanged in the followlng AGtuarial Valuation which set rates to March 2026. Also, the charity was not required to make additional Past Service Lump Sum contributions towards meetlng the shortfall in the scheme during 2023-2026. The next Valuation Is due to tske place during 2025 with any resultlng additional financial contributions from IWCA to take effeGt from April 2026. It is assumed that the Administering Authority will continue to invest a significant proportion of the assets of the Fund in UK and overseas equities, and that these will pr(Kluce a future investment retum that exceeds the current yield avallable on bonds, 30
WOLVERHAMPTON VOLUNTARY AND COMMUNITY ACTION Notes forming part of the financial statements forthe year ended 31 March 2025 A stakeholder scheme was established in January 2016 and Is offered to all employees who are not members of Ihe West Midland Pension Scheme, sut4ect to pension guidance In terms of eligibllity. 19 Taxation CA is not liable to tax on any of its income because of Its charitable status. 20 Operatlng Lease Commltments At 31 March 2025 WrfCA had minimum commitments under non-cancellable operating leases as follows: 2025 Land and Bulldlngs 2024 Land and Buildings Other other Falling due: Within one year In one to kn years In to fi years 5 years 30,945 11,717 11,599 12,457 28,545 1,782 449 A twelve month commitsment is disclosed in respect of land and buildings as WVCA has an option to terminate this on giving one yearfs noti. The landlord can terminate the lease in the event of d8fault by WVCA. 21 Related Party Transactlons WKICA receives funding for services provided to NHS Black Country ICB, an organisation of which Paul Tulley, a trustee of VWCA, is a director. All transactions with this organlsation are at an arms length basis. Black Country Together CIC was founded 31 January 2013, by the four Councils for Voluntary Service in the Black Country each with 250A membership, with the aim of increasing levels of funding coming Snto our sub-region and fostering greater co-operation and collaboration between voluntary organisations and local statutory agencies both within and across borough boundaries. BCT CIC was a company limited by guarantee without share capital until 12 September 2024 when it reglsteied a8 8 Charitable Incorporated Organisation. Sharon Nanan-sen, INVCA CEO, is a director of BCT along with three other Black Country CVS CEOS. WVCA reGeived ICB funding for STP VCSEF Engagement, Community Conversations and REND grants programmes through BCT. There are no other related party transactions to disclose. 31