Finance Score: 1
Governance Score: 6
Support Score: 8
  • Poor Liquidity: -1
  • Reasonable growth: +1
  • Deficit latest year: -2
  • Fundraising costs low: +3
  • Good trustee age range: +3
  • Gender balanced board: +3
  • Grant maker support: +8
Overall GiG Score: 15 ?

VENTURE COMMUNITY ASSOCIATION 

A community centre for learning, personal growth and enjoyment
Analysis by Giving is Great

Positives:

  • There has been reasonable growth in spending over the last 3 years relative to the previous period
  • There have been no material income shortfalls in recent years
  • Fundraising costs are unusually low relative to funds raised
  • A significant proportion of recent income was derived from major grant makers including the Government
  • The Board appears to be well diversified in terms of age and gender

Regulatory & Governance issues to consider:

  • This charity is not recognised by HMRC for Gift Aid according to its latest published return

Financial issues to consider:

  • Liquidity appears to have been slender at the latest year end
  • Income was lower than spending in the latest year

Financial Data ?

Income & Spending ?
Sources of Income ?
Y/E Income
£k
Spending
£k
Surplus/
Deficit
Fundraising
Cost £k
Total
Funds £k
Unrestricted
Funds £k
Mths
Rsrvs
Staff Volun-
teers
31/03/23£785£927£-142£11£164£1642.11925
31/03/22£1,032£955£77£10£307£2152.71315
31/03/21£901£709£192£0£229£1342.31615
31/03/20*£600£620£-20£9£37£240.51315
31/03/19£568£606£-39£0£57£571.11826
31/03/18£601£599£1£0£96£961.9160
31/03/17£503£500£3£0£95£942.3140
31/03/16£454£455£-1£0£0£0n/a00
31/03/15£433£393£39£0£0£0n/a00
31/03/14£367£415£-49£0£0£0n/a00
31/03/13£390£369£21£0£0£0n/a00
31/03/12£348£379£-31£0£0£0n/a00
31/03/11£438£458£-20£0£0£0n/a00
31/03/10£480£441£39£0£0£0n/a00
31/03/09£428£350£78£0£0£0n/a00
31/03/08£350£328£21£0£0£0n/a00
31/03/07*£335£354£-20£0£0£0n/a00
31/03/06*£362£388£-26£0£0£0n/a00
31/03/05*£455£539£-83£0£0£0n/a00
31/03/04£483£482£1£0£0£0n/a00

Financial Ratios
Fundraising Costs/Relevant Income: 1.5%
Fundraising Costs/Total Spending: 1.2%
Highest pay band: Less than £60,000
Liabilities/Assets: 16%
Liabilities/Income: 4%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 2.1 months
Net Current Assets/Spending: 2 months
Quick Ratio: 3.5
Asset Split ?
Established: 25 years
(36 years as a company)

www.venturecentre.org.uk

william@venturecentre.org.uk

02089603234

Charity Commission for England and WalesCompanies HouseX
UN SDGs
?
Listed activities
  • Education/Training
  • General Charitable Purposes
GiG Classification
  • Social clubs and similar
How it operates
  • Provides buildings/facilities/open space
Where it operates
  • Kensington And Chelsea,
Who it helps
  • Children/Young People
  • Elderly/Old People
  • People With Disabilities
  • The General Public/Mankind
Who works here?
  • 19 employees
  • 25 volunteers

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Major supporters in last 5 years
Department for Business, Energy and Industrial Strategy£533,631
City Bridge Trust£49,654
Imperial Health Charity£29,075
National Lottery Heritage Fund£10,000
Sport England£9,996
The London Community Foundation£9,978
Power to Change£8,000
Specific Donations
Amount When
Months
To be used for
Power to Change - Venture Community Association (PU)
£8,000 25/01/2023
Grant to Venture Community Association (PU)
Department for Business, Energy and Industrial Strategy - ZE H-Class Ocean USV
£79,005 01/04/2022
Full Grant details (including summaries) can be found on the Gateway to Research website: https://gtr.ukri.org/projects?ref=10040059
National Lottery Heritage Fund - Grant to Venture Community Association
£10,000 09/03/2022
Venture ArCH Programme
London Catalyst - Venture Community Association - 1
£1,000 23/09/2021
Hardship Fund
Department for Business, Energy and Industrial Strategy - Marinization and Installation of PCB Hydrogen Fuel Cell into Unmanned Surface Vessel for Demonstration
£454,626 01/09/2021
Full Grant details (including summaries) can be found on the Gateway to Research website: https://gtr.ukri.org/projects?ref=10009397
Imperial Health Charity - Foodbank Plus
£29,075 01/05/2021
COVID19 related funding. The project is about supporting the mental health and wellbeing of BAME Women from Somali, north Africa and other African countries. Some of whom have had issues with the ....more
Sport England - COVID19 Return to Play
£9,996 29/04/2021
6
Funding under Sport England's Return to Play - Small Grants funding programme for a Revenue project titled COVID19 Return to Play. This project lists its main activity as Multi Sports
City Bridge Trust - Grant to Venture Community Association
£49,654 22/03/2021
towards the organisational development costs as outlined in your application
The London Community Foundation - Grant to Venture Community Association
£9,978 17/12/2020
2
The funding will support 12 weeks distribution of food to those families most in need. It will fund staff costs, van and delivery costs and volunteer expenses. With this money we will distribute 100 ....more
Tudor Trust - Grant to Venture Community Association
£8,279 26/07/2017
2
towards additional play worker salaries, new family play sessions and enhanced opening hours at the Notting Hill Adventure Playground holiday play service, to support the organisation's response to ....more
The Childhood Trust - The Best Playground in the West!
£2,718 19/05/2017
We will deliver a fantastic holiday programme for children from low income and disadvantaged backgrounds. Children will play, learn life skills and experience magical trips.
National Lottery Community Fund - Community Engagement Programme
£10,000 06/09/2012
12
This is a project by a project by a voluntary organisation in Kensington. The group will use the funding to deliver a series of community events and excursions that will focus on isolated and hard to ....more
Lloyds Bank Foundation - Grant to Venture Community Association
£30,000 29/06/2011
the salary costs of the Centre Manager
Show more rows

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (7)
Current Trustees appointed
Gender Split

Age Range of Trustees: 44-79
  • HUEY WALKER Appointed: 2015, Occupation: Charity Worker
Legal constitution
  • Charitable company registered in England & Wales on 24/12/1998, number: 1073115
  • Registered at Companies House on 14/10/1987, number: 02178614
Gift Aid
  • NOT registered with HMRC for Gift Aid
Other Regulators
  • Ofsted (Office For Standards In Education)
Policies in force
  • Bullying and harassment policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
  • Volunteer management
Filing Record
20 returns made; AR20: 36 days late, AR07: 7 days late, AR06: 245 days late, AR05: 1 days late,
Main office

Venture Community Association
Venture Centre
103A Wornington Road
LONDON
W10 5YB

Objectives

1) TO PROMOTE THE BENEFIT OF THE INHABITANTS OF NORTH KENSINGTON AND THE NEIGHBOURHOOD (HEREINAFTER CALLED THE AREA OF BENEFIT) WITHOUT DISTINCTION OF SEX OR OF POLITICAL, RELIGIOUS OR OTHER OPINIONS BY ASSOCIATING THE LOCAL AUTHORITIES, VOLUNTARY ORGANISATIONS AND INHABITANTS IN A COMMON EFFORT TO RELIEVE POVERTY, TO ADVANCE EDUCATION AND TO PROVIDE FACILITIES IN THE INTEREST OF SOCIAL WELFARE FOR RECREATION AND LEISURE - OCCUPATION WITH THE OBJECT OF IMPROVING THE CONDITIONS OF LIFE OF THE SAID INHABITANTS2) TO PROVIDE OR ASSIST IN THE PROVISION OF PLAY AND OTHER FACILITIES (INCLUDING PLAY FACILITIES) TO HELP AND EDUCATE CHILDREN AND YOUNG PEOPLE UNDER THE AGE OF 21 YEARS WHO ARE RESIDENT OR ATTEND SCHOOLS IN THE NORTH KENSINGTON DISTRICT OF THE ROYAL BOROUGH OF KENSINGTON AND CHELSEA TO DEVELOP THEIR PHYSICAL, MENTAL AND SPIRITUAL CAPACITIES THAT THEY MAY GROW TO FULL MATURITY AS INDIVIDUALS AND MEMBERS OF SOCIETY

Defined Area of Benefit:

LONDON BOROUGH OF KENSINGTON AND CHELSEA, PARTICULARLY NORTH KENSINGTON

Data Sources

Charity Commission for England and Wales
360 Giving
CharityBase
Authorised officials of this charity can add information to this page (including a Donate Now button) for no cost

Tips for Selecting Charities

Which areas of philanthropy are most effective?
The text of this post is taken from an article on the Effective Altruism forum. It suggests that you can achieve the most impact by supporting causes that fight extreme poverty, improving animal welfare....more
Our Top Tips for Philanthropy
Here are some ideas to help you gain more satisfaction from your philanthropy and confidence that the causes you have selected are impactful. Engage your brain, as well as your heart You....more
How to become a Philanthropist
In this Blog we outline a strategy to help people who are new to philanthropy and for those who feel dissatisfied with the impact they are having. Effective philanthropy is immensely rewarding for donors,....more

Giving is Great