Charity Accounts Intelreading the accounts so you don’t have to

VENTURE COMMUNITY ASSOCIATION

Registered charity 1073115 · accounts filings on the Charity Commission register · also known as VENTURE CENTRE, VENTURE COMMUNITY CENTRE

A community centre for learning, personal growth and enjoyment

Causes: General Charitable Purposes · Education/training · website · Get email alerts

Latest income
£755k
Latest spending
£850k
Registered
1998
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity reported a net deficit of £95,621 for the year, resulting in unrestricted reserves falling to £105,664. The trustees note that fundraising income decreased due to a tough economic environment, while expenditure increased primarily due to higher salary costs. The charity remains dependent on continued funding from bodies like the Royal Borough of Kensington and Chelsea to sustain its operations.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: Royal Borough of Kensington and Chelsea (64% of income)
“Of the grants and contracts received by Venture Community Association to support its charitable activities, the largest contribution came from the Royal Borough of Kensington and Chelsea (£485,466), which continues to fund children's services, core costs, and community engagement activities.”
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: approximately £160,000 (held: £106k)
“Going forward, the charity aims to maintain reserves at a level of approximately £160,000 to adequately support its expanded operations.”
Per its FY2025 accounts as filed with the Charity Commission.
Going concern: noted by the trustees or auditor
“These financial statements have been prepared on a going concern basis. This is dependent upon the availability of adequate continued funding. The nature of the organisation's funding is inherently uncertain, as it is only agreed by its funding bodies every one to three years. Should grant funding be discontinued in future years, the organisation would have to find other sources of funding or significantly curtail its activities.” — page 32
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Knox Cropper LLP. Discloses 5 of 6 completeness components.

Property (HM Land Registry)

1 registered title in England and Wales held by the charity’s company or corporate body (0 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Public profiles (found on the charity’s own website): facebook · instagram

Structured financials (annual return, FY ending 31/03/2025)

Total income
£755k
Total spending
£850k
Cost of raising funds
£13k
Reserves (reported)
£106k
Employees
19

Reported reserves equal ~1.5 months of spending — in the bottom quarter for charities its size (median 5.2 months; benchmarks).

Per its annual return, largest income source: Charitable activities (74% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 1.7% of total income — below the median for charities its size (4.9%) (benchmarks).

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Kensington And Chelsea

Income and spending

Financial year endIncomeSpending
31/03/2025£755k£850k
31/03/2024£893k£826k
31/03/2023£785k£927k
31/03/2022£1.0m£955k
31/03/2021£901k£709k

Common questions

Is VENTURE COMMUNITY ASSOCIATION financially healthy?

Per its FY2025 accounts: The accounts state that the charity reported a net deficit of £95,621 for the year, resulting in unrestricted reserves falling to £105,664. The trustees note that fundraising income decreased due to a tough economic environment, while expenditure increased primarily due to higher salary costs. The charity remains dependent on continued funding from bodies like the Royal Borough of Kensington and Chelsea to sustain its operations. Its FY2025 accounts were audited by Knox Cropper LLP.

Who funds VENTURE COMMUNITY ASSOCIATION?

Funders whose own accounts filings name VENTURE COMMUNITY ASSOCIATION as a grant recipient include Young K&C, The Caring Family Foundation, THE GROVE TRUST, THE KENSINGTON AND CHELSEA FOUNDATION, JOHN LYON'S CHARITY.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
Young K&CFY2022£275kHoliday Activities and Food
The Caring Family FoundationFY2024£250kGeneral
THE GROVE TRUSTFY2022£20k"Meet & Eat” programme and “Community Cookery”
The Caring Family FoundationFY2023£15kChild poverty
THE KENSINGTON AND CHELSEA FOUNDATIONFY2022£12kRecover + Reconnect Appeal
JOHN LYON'S CHARITYFY2025£5kVenture Out
THE KENSINGTON AND CHELSEA FOUNDATIONFY2022£1kChildren and young people
WESTWAY TRUSTFY2022£1kSmall grants to local charities and community groups
Young K&CFY2024—General Grant

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
The National Lottery Community Fund12/03/2026£20kFamily Night Out
Sport England25/10/2024£15kThe Venture 'Movement Movement'
UK government25/10/2024£15kALB-Sport England-The Venture 'Movement Movement'
City Bridge Foundation06/12/2023£498kGrant to Venture Community Association
The National Lottery Heritage Fund09/03/2022£10k"Venture ArCH Programme"
Sport England29/04/2021£10kCOVID19 Return to Play
City Bridge Foundation22/11/2017£10kGrant to Venture Community Association
City Bridge Foundation12/03/2015£2kGrant to Venture Community Association
The National Lottery Community Fund06/09/2012£10kCommunity Engagement Programme
The National Lottery Community Fund21/06/2006£2kHealthy Eating Project
The National Lottery Community Fund21/08/2004£3kFamily Fun Festival