VENTURE COMMUNITY ASSOCIATION
A community centre for learning, personal growth and enjoyment
Objects
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
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.
What the accounts disclose
“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.”
“Going forward, the charity aims to maintain reserves at a level of approximately £160,000 to adequately support its expanded operations.”
“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
Policies the charity declares
- Bullying and harassment policy and procedures
- Campaigns and political activity policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Engaging external speakers at charity events policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds 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
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/03/2025
- Volunteers: 27
- Government income: £485,466 — contracts £352,581 (7), grants £132,885 (1); 64% of the £754,648 total gross income on the same return
Self-declared on the annual return for the financial year ending 31/03/2024
- Volunteers: 18
- Government income: £628,104 — contracts £619,104 (10), grants £9,000 (4); 70% of the £893,232 total gross income on the same return
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/03/2023
- Volunteers: 25
- Government income: £617,253 — contracts £603,721 (10), grants £13,532 (2); 79% of the £785,201 total gross income on the same return
- Grant-making is its main activity
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Adam Fergus
- Huey Walker
- Karina Skinner
- MONICA BARO
- Nadia Elrashid Nail
- Nicole Belfon-George
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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 KUSUMA TRUST UK, THE GROVE TRUST, The Caring Family Foundation, THE KENSINGTON AND CHELSEA FOUNDATION, JOHN LYON'S CHARITY.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| Young K&C | FY2022 | Unverified read£275k | Holiday Activities and Food |
| The Caring Family Foundation | FY2024 | Unverified read£250k | General |
| KUSUMA TRUST UK | FY2021 | £100k | Bursary Support |
| THE GROVE TRUST | FY2022 | £20k | "Meet & Eat” programme and “Community Cookery” |
| The Caring Family Foundation | FY2023 | £15k | Child poverty |
| THE KENSINGTON AND CHELSEA FOUNDATION | FY2022 | £12k | Recover + Reconnect Appeal |
| KUSUMA TRUST UK | FY2021 | £10k | Venture Community Association Food Bank |
| JOHN LYON'S CHARITY | FY2025 | £5k | Venture Out |
| THE KENSINGTON AND CHELSEA FOUNDATION | FY2022 | £1k | Children and young people |
| WESTWAY TRUST | FY2022 | £1k | Small grants to local charities and community groups |
| Young K&C | FY2024 | amount not stated | General Grant |
| Young K&C | FY2021 | amount not stated | Small grants |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 12/03/2026 | £20k | Family Night Out |
| Sport England | 25/10/2024 | £15k | The Venture 'Movement Movement' |
| UK government | 25/10/2024 | £15k | ALB-Sport England-The Venture 'Movement Movement' |
| City Bridge Foundation | 06/12/2023 | £498k | Grant to Venture Community Association |
| The National Lottery Heritage Fund | 09/03/2022 | £10k | "Venture ArCH Programme" |
| Sport England | 29/04/2021 | £10k | COVID19 Return to Play |
| City Bridge Foundation | 22/11/2017 | £10k | Grant to Venture Community Association |
| City Bridge Foundation | 12/03/2015 | £2k | Grant to Venture Community Association |
| The National Lottery Community Fund | 06/09/2012 | £10k | Community Engagement Programme |
| The National Lottery Community Fund | 21/06/2006 | £2k | Healthy Eating Project |
| The National Lottery Community Fund | 21/08/2004 | £3k | Family Fun Festival |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE FIDELITY UK FOUNDATION | 2 | £266k |
| LANGLEY CHARITABLE TRUST | 1 | £1.5m |
| IMPETUS - THE PRIVATE EQUITY FOUNDATION | 1 | £594k |
| BARNWOOD TRUST | 1 | £100k |
| THE STEVE MORGAN FOUNDATION | 1 | £60k |
| HOBDEN FOUNDATION | 1 | £55k |
| SANDRA CHARITABLE TRUST | 1 | £51k |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SOULS, LANGHAM PLACE, LONDON | 1 | £32k |
Charities like this
- VENTURE ARTS
- THE VENTURE TRUST
- THE VENTURE (WREXHAM) LIMITED
- NEW VENTURE PRODUCTIONS
- KENNET VALLEY COMMUNITY ASSOCIATION
- COMMUNITY VENTURES (MIDDLESBROUGH) LTD
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| VENTURE COMMUNITY ASSOCIATION | £755k | — | 0 | unclear | — | noted |
| VENTURE ARTS | £1.4m | — | 0 | above | — | no doubt |
| THE VENTURE TRUST | £2.2m | £60,001 - £70,000 | 1 | unclear | — | no doubt |
| THE VENTURE (WREXHAM) LIMITED | £670k | — | 0 | below | — | no doubt |
| NEW VENTURE PRODUCTIONS | £117k | — | 0 | unclear | — | no doubt |
| KENNET VALLEY COMMUNITY ASSOCIATION | £42k | — | 0 | unclear | — | no doubt |