2025-12-31-accounts

Victoria Hall Tisbury Ltd

Independently examined

Director’s Report and Combined Financial Statements for the year ended 31 December 2025

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COMPANY INFORMATION

Chairman

Elizabeth Coyle-Camp

Company Secretary

Keith Austreng

Treasurer

Joseph Selby

Directors

Elizabeth Coyle-Camp Keith Austreng Avon Flower Julie Phillips Joseph Selby

Trustees of the Charity

Elizabeth Coyle-Camp Keith Austreng Joseph Selby Avon Flower Julie Phillips Richard Beattie

Bankers

Lloyds Bank, 38 Blue Boar Row, Salisbury SP1 1DB

Company Registered No. 5769472

Charity Registered No. 1114198

Registered Office :

Monmouth Hill House, Monmouth Road, Tisbury, Wiltshire, England, SP3 6NL

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CONTENTS

Statutory Accounts

Chair’s Introduction	Page 4
Directors’ Report	Page 4
2025 Highlights	Page 6
Looking Ahead	Page 7
Financial Review	Page 8
Independent Examiner’s Report	Page 9
Profit and Loss Account and Balance Sheet	Page 10

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CHAIR’S INTRODUCTION

Welcome to the 2025 Annual Report for the New Vic@Tisbury. Looking back over the past twelve months, I am filled with immense pride at how our halls have truly become the vibrant, beating heart of our community. Thanks to the extraordinary energy of our Management Committee, our brilliant volunteers, and our loyal patrons, we have seen overall usage leap to a record-breaking 554 sessions this year.

While navigating the post-pandemic economic landscape presents its challenges—requiring careful cost management and a modest restructuring of our hire fees—our core strategy is proving resilient. The tremendous success of our own NewVic arts, jazz, and entertainment events has successfully subsidised our operational costs, allowing us to finish the year with a healthy financial surplus. This ensures we can confidently safeguard this historic facility and look forward to exciting new redevelopments in 2026. Thank you to everyone who continues to use, support, and bring life to the New Vic.

Elizabeth Coyle-Camp Chairman

DIRECTORS’ REPORT

The Directors/Trustees present the Charity’s Report and Financial Statements for the year ended 31 December 2025. The financial statements comply with the Charity’s Trust Deed and applicable law. The Company was incorporated as Tisbury Halls on 4 April 2006 and was entered in the Central Register of Charities on 15 May 2006. It changed its name to Victoria Hall Tisbury Ltd on 12 December 2019. The Charity has two halls, the Victoria Hall and the Elizabeth Hall, jointly referred to as the NewVic@Tisbury.

Trustees

The Director/Trustees are named on page 2 and the appointment of our Directors/Trustees is governed by the Articles of Association .

After several years of dedicated service, Jasper Bacon has stepped down from his role as a Trustee. We are incredibly grateful for his guidance, commitment, and the immense support he has given to the NewVic@Tisbury during his time on the board, and we wish him the very best for the future.

Upcoming retirement & Treasurer vacancy

We also want to acknowledge our trustee and treasurer, Joe Selby, who has announced his upcoming retirement later this year once a successor is appointed. We are immensely grateful for his years of dedicated financial stewardship and are now actively seeking a new treasurer to step into this vital role.

Risk management

Hall facilities are assessed on an on-going basis.

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Principal activities

Victoria Hall Tisbury Ltd exists to provide a welcoming and inclusive village hall and community hub for all residents of Tisbury and West Tisbury and the surrounding areas, regardless of background or belief. Our aim is to enhance the well-being of these communities by offering an affordable and accessible versatile space for meetings, educational activities, recreational pursuits, and leisure opportunities that foster social welfare and improve overall quality of life.

Public benefit

The Halls are available for hire by the public. The Directors/Trustees have complied with the duty in section 17(5) of the Charities Act 2012 to have regard to the guidance published by the Charity Commission.

Policy on grant-making

No grants are paid out.

Contribution made by volunteers

The Directors, who are all volunteers, have appointed a NewVic@Tisbury Management Committee including non-directors, all of whom are also volunteers. Additional volunteers help to organise and manage events and to support work on hall improvements.

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HIGHLIGHTS 2025

A year of growth and community spirit

The past year has been one of remarkable transformation for the New Vic@Tisbury. We have seen our halls filled with more life than ever, with total usage leaping from 422 sessions in 2024 to an impressive 554 in 2025 . From the rhythmic echoes of ballet to the quiet focus of art workshops, the New Vic remains the beating heart of Tisbury.

On stage: The arts & entertainment

Our NewVic team continues to punch above its weight, staging over 45 events a year .

• Jazz is the rising star: High-quality acts have struck a chord with our audience, leading to a fantastic surge in both popularity and ticket sales.

• Screen & stage: While licensing hurdles briefly slowed our NT Live start, we are delighted that the 2025–26 programme is proving highly successful, drawing fantastic feedback and wonderful audiences.

• Learning & adapting: Not every show hits the mark; West End musicals and certain opera offerings faced a tougher crowd this year. We’re using this feedback to pivot, moving musicals to "occasional" highlights and reimagining our opera season to ensure every performance feels like a "must-see" event.

• The "bums on seats" metric: We are incredibly proud to welcome over 20,000 visitors through our doors annually.

Improving the fabric of the halls

The NewVic@Tisbury is not just a venue; it’s a historic building that requires constant love and care.

• The volunteer touch: We owe a huge debt of gratitude to Frederick Dunstan , who has been a whirlwind of productivity - repainting the Victoria Hall WC facilities, refreshing the Elizabeth Hall, and even giving our front door a much-needed facelift.

• Technical upgrades: To make life easier for our performers and volunteers, we’ve introduced mobile speaker trolleys and better cleaning tools. We also found a loving new home for our old piano, making way for a versatile electric model in the hallway.

• Essential maintenance: Behind the scenes, we’ve tackled the "un-glamorous" but vital tasks: repairing roof tiles, fixing fascia boards, and installing new water heaters to keep everyone comfortable.

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A heartfelt ‘thank you’

None of this happens without you – our supporters. From our regular users like the Tisbury Community Choir and RockForte to our tireless army of volunteers, you make the New Vic what it is.

The success of the New Vic is built on the tireless efforts and profound commitment of our team.

Our volunteers: The dedication of our volunteers is fundamental to the operation of our two halls and the delivery of our busy event schedule. We extend our sincere gratitude for their ongoing support.

Management Committee: Led by Ros Russell, the Committee’s dedication to programming and organising has been the driving force behind the New Vic’s success as a thriving community hub. They include:

• Dave Milas: For his central role in the events programme.

• Andy Taylor: For his tireless work on physical improvements and maintenance.

• Katie Taylor: For her exceptional coordination of our volunteer team and the popular Friday Night Live Jazz programme.

• Frederick Dunstan: For his extensive work repainting and repairing our facilities.We remain committed to keeping this space inclusive, accessible, and—most importantly —fun for everyone in Tisbury.

LOOKING AHEAD: NEW FOR 2026

As we look to the future, change is in the air.

• New spaces, new ideas: The departure of the Tisbury Cadets at the end of 2025 was bittersweet. While we lost a long-term partner, it has opened up the old bank office and a large storage room for exciting redevelopment.

• Fresh partnerships: We are delighted to welcome Messums Creative to our regular schedule, bringing fresh energy and free workshops for local kids.

• The "to-do" list: Our eyes are firmly on the prize for 2026: modernizing the Victoria Hall WC facilities, solving our chair storage, and replacing those pesky leaking vellum windows in the corridor.

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FINANCIAL REVIEW

Running a community hub in 2025 comes with its share of economic puzzles. The reality of costs is that between rising utility bills (£6,805.34) and the need for more caretaker hours (£6,216.04), our standard hire income (£11,368.00) currently doesn’t cover our basic running costs. To navigate this necessary shift - and to keep the lights on and the halls pristine - we made the difficult but necessary decision to increase hire fees by 10% at the end of the year.

Crucially, the "event subsidy" has always been the plan to bridge this financial gap, and this strategy is working. Thanks to these NewVic@Tisbury events, which brought in a fantastic £23,140.00, alongside healthy bar sales which jumped 35% to £11,365.09, we still maintain a substantial income excess.

Overall, total revenue grew to £45,878.09 (up from £43,529.02 in 2024). Concurrently, total operational expenditure normalised to £38,275.25 following the conclusion of the prior year's major capital outlays, leaving us with a strong operating surplus of £7,602.84 for the year. This "nest egg" is being carefully guarded across our bank and deposit accounts - which now stand at a combined total of £33,027.09 - to fund the larger building projects of the future and be there as a reserve to help us fund any significant repair bills in the future.

Responsibilities of the Trustees

Company law requires the Directors/Trustees to prepare financial statements that give a true and fair view of the Charity at the end of the financial year of its surplus or deficit for the financial year. In doing so, the Trustees are required to:

• Select suitable accounting policies and then apply them consistently.

• Make judgements and estimates that are reasonable and prudent.

• Prepare the financial statements on a going concern basis unless it is inappropriate to assume that the Company will continue in business.

They are also responsible for safeguarding the assets of the Company and for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Directors are satisfied that the Company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 and that members have not required the company to obtain an audit in accordance with section 476 of the Act. The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Compliance, review and Board approval

The accounts have been independently reviewed and approved by our independent examiner, Jane Berridge. This report has been prepared in accordance with the special provisions applicable to companies subject to the small companies' regime under the Companies Act 2006. Approved by the Board of Directors on 26th June 2026 and signed on its behalf.

Elizabeth Coyle-Camp

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Chair

EXAMINER’S REPORT

Independent Examiner's Report to the Trustees of The Victoria Hall, Tisbury

I am reporting on the basis that the income of the Victoria Hall is not large enough to require the Trustees to carry out a full audit of accounts, and so I am providing an Independent Examiner's Report, for the accounting year 01 /01 /2025 to 31/12/2025.

Independent Examiner's Statement

I have completed my examination, having inspected the Treasurer's records, with reference to Bank Statement, invoices and supporting documents.

I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that accounting records were not kept accurately.

I believe that the information displayed in the Treasurer's Income and Expenditure Report to be an accurate reflection of the Victoria Hall's position at the end of the year 31/12/2025.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this Report in order to enable a proper understanding of the accounts to be reached.

Signed

Jane Berridge 12 Nadder Close Tisbury Salisbury SP3 6JL

27[th ] April 2026

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PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2025

1. Income & Expenditure

Category	Dec 2025 (£)	Dec 2024 (£)
Income
Lettings	11,368.00	11,325.00
Donations / Grants	5.00	4,000.00
Bar Sales	11,365.09	8,427.00
Event Income	23,140.00	19,777.02
Total Income	45,878.09	43,529.02
Expenditure
Utilities	6,805.34	6,868.25
Caretaking	6,216.04	6,120.54
Maintenance	5,246.26	4,427.27
Bar Stock	7,934.45	6,476.14
Event Costs	11,321.16	12,959.95
Special Projects	—	13,129.20
Other Expenses	752.00	357.66
Total Expenditure	38,275.25	50,339.01
Net Surplus / (Deficit)	+7,602.84	(6,809.99)

2. Bank & Cash Asset Reconciliation

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As of 31st December 2025

Account / Asset	Dec 2025 (£)	Dec 2024 (£)
Main Bank Account (No. 1)	12,428.01	4,825.17
Deposit Account (including interest)	20,599.08	20,130.96*
Reserve Account (No. 2)	548.53	1,844.92
Cash on Hand (Events & Bar)	551.50	—
Total Cash Funds Held	34,561.19	27,292.93

*Note: 2024 deposit figure includes the £10,000 year-end transfer noted in the archive ledger.

Capital Reserve as at 31 December 2025 (£)

2024	2025
500,000	500,000

Lloyds Bank Account No.1: This is the main trading account.

Lloyds Account No.2: This receives card receipts from events, the bar and the Magic Lantern Film Club. No expenditure is charged to it. Money is transferred every quarter from that account to the main account so, at the year end, the second account has only a nominal un-transferred balance.

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FINANCIAL HIGHLIGHTS 2025

Income & revenue generation

• Total Revenue Growth: Overall income rose to £45,878.09, up from £43,529.02 in 2024.

• Bumper event performance: Events were the biggest driver of success this year, bringing in £23,140.00 (an increase of £3,362.98 compared to 2024).

• Thriving Bar Sales: Bar takings saw a brilliant 35% increase, jumping from £8,427.00 up to £11,365.09.

• Steady core bookings: Income from regular community lettings remained incredibly stable and reliable at £11,368.00 (vs £11,325.00 in 2024).

Expenditure & cost management

• Reduced overhead pressures: Total spending dropped significantly to £38,275.25 (down from £50,339.01 in 2024), primarily due to the completion of the major £13,129.20 special project from the previous year.

• Stable running costs: Despite general inflation, operational essentials like utilities (£6,805.34) and caretaking (£6,216.04) were successfully held flat against 2024 levels.

• Proactive building upkeep: We continued to invest in our facility, dedicating £5,246.26 to necessary ongoing maintenance.

Bottom line

• Operating surplus: The New Vic generated a healthy net operating surplus of £7,602.84 for the year 2025.

• Strengthened cash reserves: We closed the year in a remarkably secure position with a total of £33,027.09 held across our accounts (£12,428.01 in the current bank account and £20,599.08 safely tucked into the deposit account).

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