MERTON VOLUNTARY SERVICE COUNCIL
Financial health, per its FY2025 accounts
The accounts state that the charity reported an operating deficit of £122,722 for the year ended 31 March 2025, resulting in a decrease in total reserves from £1,403,021 to £1,280,299. Per the trustees' report, unrestricted free reserves of £255,778 remain above the stated policy target of £194,000, providing a buffer to manage future financial risks. The trustees note that the primary risk to the business is the uncertainty surrounding long-term core funding from the local authority.
What the accounts disclose
“One employee (2024: nil) earned total employee benefits between £70,001 - £80,000 (excluding employer’s national insurance and employer pension costs) (2024: £nil).” — page 30
“One employee (2024: nil) earned total employee benefits between £70,001 - £80,000” — page 30
Year-over-year changes
- Employees paid over £60,000: 0 (FY2023) → 1 (FY2025).
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (30/03/2020)
- Received assets from another charity (30/06/2016)
- Received assets from another charity (21/07/2014)
Trustees
- Asha Newsum
- Jennifer Mary Goddard
- Judith Brodie
- Karen Louise Peck
- Omar Talal Daair
- Preeya Parmar
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.6m | £1.7m |
| 31/03/2024 | £1.7m | £1.4m |
| 31/03/2023 | £1.5m | £1.5m |
| 31/03/2022 | £1.4m | £1.5m |
| 31/03/2021 | £1.5m | £1.3m |
Common questions
Is MERTON VOLUNTARY SERVICE COUNCIL financially healthy?
The accounts state that the charity reported an operating deficit of £122,722 for the year ended 31 March 2025, resulting in a decrease in total reserves from £1,403,021 to £1,280,299. Per the trustees' report, unrestricted free reserves of £255,778 remain above the stated policy target of £194,000, providing a buffer to manage future financial risks. The trustees note that the primary risk to the business is the uncertainty surrounding long-term core funding from the local authority. Its FY2025 accounts were audited by Kingston Burrowes Audit Ltd.
What does the highest-paid employee of MERTON VOLUNTARY SERVICE COUNCIL earn?
Per its FY2025 accounts, the highest-paid employee was in the £70,001 - £80,000 band, and 1 employees earned over £60,000.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| WALES COUNCIL FOR VOLUNTARY ACTION | 3 | £1.4m |
| GUY'S AND ST THOMAS' FOUNDATION | 1 | £254k |
| TWO RIDINGS COMMUNITY FOUNDATION | 1 | £64k |
| CHARTERHOUSE-IN-SOUTHWARK | 1 | £9k |
| THE ALAN AND BABETTE SAINSBURY CHARITABLE FUND | 1 | £5k |
| SOUTHWARK CHARITIES | 1 | £5k |
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