Company registration number 07705033 (England and Wales) Charity registration number 1143914 (England and Wales) VICTORIA HALL COMMUNITY TRUST LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
VICTORIA HALL COMMUNITY TRUST LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Truste0$ Mrs. S. Smith Mr. O. A. Allen Mrs. J. Evans Ms E J Hebron Country of incorporation United Kingdom (England and Wales) 07705033 Charity registration England and Wales 1143914 Registered office Victoria Hall Victoria Hall Walk Higher Bebinglon CH63 8AB Independent examiner Horner Downey & Company Limited 10 Stadium Court stadium Road BroTnborough United Kingdom CH62 3RP
VICTORIA HALL COMMUNITY TRUST LIMITED CONTENTS Page Trustees report Independent examiner's port Slalemenl of financial activities Balance sheet Notes to the financial statements 8-15
VICTORIA HALL COMMUNITY TRUST LIMITED TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 JULY2025 The Truslg9s present their annual rgport and financial ststsmenls for the year ended 31 July 2025. The financial statements have been prepared in accordance with the accounting policies sel out in ,nole 1 to the financial slalements and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and 'A¢¢ounting and Reporting by Ch8ri1ies'. Slalement of Recommended Pr8¢tice 8pplic8ble lo charities preparing their accounts In 8¢¢ordan¢e with the Financi81 Reporting Stsnd8rd 8pplicsble in the UK and Republic of Ireland IFRS 1021" leffective 1 January 20191. Objectives and activities Thg Charitable Company was formed to benefit the inhabilanls of Higher Bebington and the surrounding area through the establishment and management of a cornmunity centrè. strategic report The following sections for achievements and performance and financial review form the strategic report of the charity. Achievements and performance SignrfiGant activities and achievements against objectives DLJring the reported period beginning 1 st ALJgust 2024, the fourteenth year of running Victoria Hall as a communily asset, was a lime of consolidation following the pandemic years. The refocus in the processes and praCtIS relating to the organisation and management of the hall by the Hall Administrator and the hall's truslees enabled its viable position to be maintained. Regular hirers and their groups have been able to re-establish their close links with Victoria Hall. In the reported period 2024-25 new hirers had setued in. The health, wellbeing and educational sessions provided were most welcome additions. The move in 2022-23 to change VHCTS business focus to regular hirings as the sole in¢ome St3M continued to apply. Victoria Hall's prime purposes to provide opportunities for educational enrichment and for recreation, as laid down in its Articles of Association, continue to be fulfilled. The spaces for hire.. The Village Hall and Jubilee Hall,. Exhibition Room., catering kitchen., and, refreshments kitchen are welcoming spaces and continue to be cared for by an amazing team. The repurposed bar by becoming a storage space has had a positive impact. The store room, off the main hall, with its altered insulated floor, now level with the hall's floor, ensures easier access. Reinstallalion of venlilalion has rnade a difference too. The Exhibition Room has become increasingly a favoured multi functional, pleasant social space. It is hired for craft workshops, as a businesslconsullation venue, as well as used for refreshments by regular groups. A significant achievement in the financial period was the transformation of the small upper room. It had remained in the state of total neglect inherited by the Irust in August 2012, apart from replacement windows (insisted on by Ihe trust), matching the previous replament windows and similar to the original 1897 wood frames. Secondary glazing was installed at the same time during CAT refurbishment works in 2012. Originally the Reading Room, it has been transformed. Disused water tank and water pipes removed, 'corporation' paint removed from beams and Victorian metal firepla, energy saving led lighting installed replacing flUoresnt lighls, original floorboards restored. Repainted in appropriate Arts and Crafts palette, the transformed room with its view across to Liverpool is designated to become the office. The post capitsl asset transfer ICATI form issued by Wirral Council was submitted to the local authority, July 2D24. The completed document served to show what had been achieved since VHCT Ltd was incorporated. The trust's responsibility for Victoria Hall occurred nearly 2 years later, in August 2012, after an extensive refvrbishmenl programme.
VICTORIA HALL COMMUNITY TRUST LIMITED TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY2025 Aspects of saf8 practic8 highlight8d sincè March 2020 havè b8comè intagratèd into th8 hall's day to day op8rations. SLJch practices have been Introdu by those hirers who have assessed factors relating to the safety and wellbeing of their chargeslclienislmembers. VHCT thanks them for their considered support which is appreciated. The wellbeing of all Ljsers is at the heart of what is offered at Victoria Hall. sin its incorporation VHCT Lld has had membership of CommLJnity Malters, an organisation which supports CDmmunity based charities providing courses, advice, links to appropriale services, a library of resourcesl documents. It is a vital source of information ensuring the administrator and trustees can access detailed knowledge relating to current hall related issues. As a charity with responsibility for a historic building, VHCT Ltd is well aware of its role in the maintenance and running of Victoria Hall. In September 2024 Victoria Hall held its popular annual Heritage Open Day event. Staff, trustees and volunteers alongside Swan Movie Makers, who presented a further programme from their wonderful archive of local history films, provided a warm welcome. Comments posted on the local commLJnity page referenced an enjoyable evening and provided positive feedback. After several years of uncertainty and many challenges, the changes to how Victoria Hall operates have been shown to be effective. An underlying concern in the financial period conti'nues to be the effect of rising utilities costs on running the hall. In September 2024 the rale of room hire remained unchanged whilst storage charges were adjusted dependent on the designated allotted space. Updating of adminislralion systems remained a priority. Vidoria Hall's Administrator has installed, trained on and introduced a new booking system, providing an integrated accounting approach. Financial review Reserves Policy The Trustees have determined that sufficient reserves will be held to ensure Victoria H811 is m8inl8ined to a high standard. This will equate lo six months running costs, in addition to funds allocated as Rev8nue Support and Operational Equipment from the Social Fund Iwirral Council's Caprfcal Asset Transfer Fund). The latter are maintained to supportlfund salaries, major maintenance. continuing refurbishment and development works. Principal Funding Sourc&s During the period under review, Victoria Hall Community Trust Limited continued to draw down on the funds provided. Unrestricted funding in the period was predominantly through hall hire. There is an operating surplus of £797.
VICTORIA HALL COMMUNITY TRUST LIMITED TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY2025 Currant PlanlFuture Dov•lopm&nts The website is undergoing redevelopment. The project is led by the Hall Administrator, together with the web designerldeveloper. Pleasing new features have been added, for example an archive of events, and other areas are being refined. Incorporating up to dale features has resulted in a transformation of the site. Victoria Hall continues to be maintained and preserved. In the financial period 2024-2025, a request for a washing machine enabled the cleaning team lo maintain dusters, cleaning cloths, mop heads. Th& removal of bar fixtures and fittings had Ènabled a reorganisalion of the bar into much needed storage space. The purchase of industrial shelving to provide additional storage has to be addressed still. How the space is used requires further Consideration. Ongoing areas of concern relatè to problems with blocked drains, intemal and external, not helped by ill considered actions. Heavy periods of rainfall add to the situation. Roof leaks to bolh flat roof and 1897 chimney stack area, although both had major works carried out in 2014 and 2020 respectively, are challenging. The cracked toilet suite in the 1897 washroom was replaced. Several incidents of vandalism to the 1955 tiled roof and recommendations from poli to install cctv is resulting in quotations being requested from alarm companies. In thè nèxt financial périod, a néw rèvènuè sourcè is baing considered. Thè largar Ljppèr room, uséd as tha officèl business meeting space remains in the sorry stste inherited by the trust in August 2012", its potential never recognised by those in aulhority. The room is to be a further renovation project, as that Carried out in the smaller adja¢ent room, befitting an Arts and Crafts118971 room and be¢oming an addilional space for hire. Also, consideration is being given lo the installation of solar panels and a battery. With the development of a new generalion of panels and Ihe reduction in panel prices, an array on Ihe southlwest 1897 facing roof would generate sufficient energy for the hall's needs,. selling excess energy to the electricity provider. Structure, governance and management Goveming document The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee as defined by the Companies Act 2006. Victoria Hall Community Trust Ltd registered with the Charity Commission on 22 September 2011 to enable the Trustees to complete negotiations with Wirral MetroFX)litan Borough Council IWMBCI to take into community use Victoria Hall in Higher Bebington, Wirral under the Council's Community Asset Transfer Scheme ICATI. Risk management The Iruslees have a duly lo identify and review the risks to which the charity is exposed to ensure appropriate controls are in place lo provide reasonable assurance against fraud and error. They are satisfied that systems are in place lo mitigate exposure lo major risks. The Trustees present their annual report and financial staternents for the year ended 31 July 2025. Mrs. S. Smith Mr. O. A. Allen Mrs. J. Evans Ms E J Hebron
VICTORIA HALL COMMUNITY TRUST LIMITED TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY2025 The Trustees report, including the strategic report, was approved by the Board of Trustees. Mrs. S. Smith Trustèè Dale..
VICTORIA HALL COMMUNITY TRUST LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF VICTORIA HALL COMMUNITY TRUST LIMITED I report lo the Trustges on my examination of the finan¢ial slalemenls of Victoria Hall Community Trust Limited (the charity) for the yèar ended 31 July 2025. Responsibilities and basis of report As the Trustees of the charity land also its directors for the purposes of company lawl, you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006. Having satisfied Myse that the financial slalemenls of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the harity's financial slalemenls carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Dir&¢lions given by the Charity Commission und8r section 14515llbl of the Charities Act 2011. Independent examinerfs statement I have corllpleled my examination. I confirm that no mallers have come lo my attention in connection with the examination giving me cause to believe that in any material respe¢l'. accounting records were not kept in respect of Ihe charity as required by section 386 of the Companies Act 2006. the financial statements do not accord with those records., or the fin8n¢ial slalemenls do not comply with the accounting requirements of sedion 396 of the Companies Act 2006 other than any requ1Ment th81 the financial slalemenls give a true and fair view, which is not 8 matter Considered 8$ P8rt of an independent ex8minalion', or the finan¢ial ststements have not been prepared in a¢cordan¢e with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable lo charities preparing their financial statements in accordance with the Financial RepDrting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no ¢oncems and have come across no olhtrr matters in ¢onne¢tion with tho examination to which alltrnlion should be drawn in this report in order to enable a proper understsnding of the financial stslemenls to be reached. Horner Downey & Company Limited 10 Stadium Court Stadium Road Bromborough CH62 3RP United Kingdom Dale..
VICTORIA HALL COMMUNITY TRUST LIMITED STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 JULY2025 Unrestrlct¢d Restrlct¢d funds funds 2025 2025 Totsl Unr¢strl¢ted R¢strl¢ted funds funds 2024 2024 Total 2025 2024 Notes Income from: Charitable activities Other trading activities 48,733 15 48,733 15 42,839 42,839 Total income 48,748 48,748 42,846 42,846 EXnltur& on: Raising funds Charitsble activities 50 38,900 50 39,537 37,756 10,195 47,951 637 Total eXndIture 37,756 10,195 47,951 38,950 637 39,587 Net incomellexpenditurel and movement in fund5 10,992 110,1951 797 3,896 16371 3,259 Reconciliation of funds.. Fund balances al 1 August 2024 68,107 23,490 91,597 64,211 24.127 88.338 Fund balances at 31 July 2025 79,099 13,295 92,394 68,107 23,490 91,597 The ststemenl of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
VICTORIA HALL COMMUNITY TRUST LIMITED BALANCE SHEET ASAT31 JULY2025 2025 2024 Notes Fixed assets Tangible assets 11 212 646 Current assets Debtors Cash at bank and in hand 12 2,285 92,467 2,093 91,271 94,752 93,364 Cr&dllors.' amounts falllng dug wlthln ono year 13 12,5701 12,4131 Net current assets 92,182 90,951 Total assets less current liabilities 92,394 91,597 Net assets ex¢luding pension liability 92,394 91,597 The funds of the charity Restricted income funds Unrestricted funds 15 13,295 79,099 23,490 68,107 92,394 91,597 The company is enlilled lo the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 July 2025. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect lo accounting records and the preparation of financial statements. The members have not required the ¢ompany to obtain an audit of its financial ststements for the year in question in a¢¢ordan¢e with section 476. Th8se financial stslemenls have been prepared in accordance with the provisions applicable lo companies subject lo the small companies regirne. The financial statements were approved by the Trustees on Mrs. S. Smith Trustèe Company registration number 07705033 IEngland and Wales)
VICTORIA HALL COMMUNITY TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY2025 Aecountlng pollcl¢$ Charity inforniation Victoria Hall Communty Trust Limited is a privat8 company limitèd by guarantèg incorporated in England and Walès. Th8 régistérèd officè is Victoria Hall, Victoria Hall Walk, Higher Bebington, CH63 8AB. 1.1 Basis of preparation The financial ststemonts have beon prepared in accordance with the Charity's Mgmorandum and Articlgs of Asso¢iation, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" I'FRS 102,1 and the Charities SORP A¢¢ounting and Reporting by Charities." Statement of Recommended Practice applicable to ¢harities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and RepLJblic of Ireland IFRS 1 D21" leffe¢tive 1 January 20191. The charity is a PLJblic Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial ststements are prepared in sterling, which is the fijnctional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial slalernents have been prepared under the historical cost convention, Imodified lo include the revaluation of freehold properties and to include investment properties and certain financial instruments al fair valuel. The principal accounting policies adopted are set out below. 1.2 Going concern Al the time of approving the financial stslemenls, the Trustees have a reasonable expectslion that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going Concern basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives. Restricted funds are subject lo specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject lo specific conditions by donors that the capitsl musl be maintsined by the charity. 1.4 Income Income is recognised when the charity is legally entitled to it after any performan conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income lax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending dislribulion, the amount is known, and receipt is expected. If the amount is not known, the legacy is Irealed as a conlingenl asset.
VICTORIA HALL COMMUNITY TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2025 Accounting policies Icontinuedl 1.5 Expendituro Expenditure is recognised once there is a legal or conslruclive obligation to transfer economic benefit to a third party, il is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the lolal of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated direclly lo that aclivily. Shared costs which contribute lo more than one activity and support costs which are not 8ttributsble lo a single activity are apportioned between those activities on a basis consislenl with the use of resources. Central staff costs are allocated on the basis of lime spent, and depCI8110n ¢harg&s are allocated on the portion of the asset's use. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subseqLJenlly measLJred at cost or valLJation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their usefvl lives on the following bases.. Plant and equipment Computers 33010 straight line 330/0 straight line The gain or loss arising on the disposal of an asset is determined as the differen between the sale proceeds and the carrying value of the asset. and is recognised in the statement of financial activities. 1.7 Impairmant of fixed assets Al each reporting end date, the charity reviews the carying amounts of its tangible assets lo determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is eslimaled in order to determine the extent of the impairment loss lif any). 1.8 Cash and cash equivalents Cash and cash eqLJivalents include $h in hand, deposits held at ¢all with banks, olher short-temi liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Finan¢ial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Seclion 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to sel off the recognised amounts and there is an intention lo settle on a net basis or to realise the asset and settle the liability simultaneously. Baslc flnanclal assgts Basic financial assets, which include debtors and cash and bank balances, are initially measured al transaction price including transaction costs and are subsequently carried al amortised cost using the effective interest method unless the arrangement conslitules a financing Iransaclion, where the transaction is measured al the present value of the future receipts discounted at a market rale of interest. Financial assets classified as receivable within one year are not amortised.
VICTORIA HALL COMMUNITY TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2025 Accounting policies Icontinuedl Basic financial liabilitias Basic financial liabilities, including creditors and bank loans are initially recognised at transaction pri unless the arrangement conslitules a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried al amortised cost, using the effective interest rate method. Trade creditors are obligations lo pay for goods or servi5 that have been acquired in the ordinary course of operations from suppliers. Amounts payable are Classified as current liabilities rf payment Is due within one year or less. If not, they 8r& presented 8$ non-¢urrenl li8bililies. Trade Creditors are recognised initi811y al transaction price and subsequently measured al amortised ¢osl using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or ancelled. 1.10 Employee benefits The cost of any unused holiday enlillement is recognised in the period in which the employee's services are received. Termination benefits are COgniSed immediately as an expense when the Charity is demonstrably Committed lo lerminale the employment of an employee or lo provide lerminalion benefits. 1.11 Retirement benefits Payments to defined contribution retirement benefit schemes a charged as an expense as they fall due. Critical accounting estimates and judgements In the application of the charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experien and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlyin9 assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Income from charitable activitiès Unrestricted funds 2025 Unrestricted fund5 2024 Income Hall hire Donations 48,663 42,763 70 76 48,733 42,839 10-
VICTORIA HALL COMMUNITY TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2025 Incom• from other tradlng actlvltles Unrestricted Unrestricted funds funds 2025 2024 Non-charitable trading activities 15 Expenditure on raising funds Unrestricted Unrestri¢ted funds funds 2025 2024 Fundralslng and publlclty Advertising 50 Expenditure on charitable activities Exp¥ndltur¢ EXndIture 2025 2024 Dlrect ¢osts Staff costs Depreciation Subcontractor costs Water rates Light & heat Repairs & maintenance InsLJrance Sundries Telephone Office costs Bank charges Accountancy fees Legal & professional Catering 6,456 434 7,936 1.870 9,487 15,021 1,996 34 919 1,413 60 1,864 461 11,996 639 1.704 1,535 6,863 10.650 1,927 34 738 529 92 1,628 1,168 34 47,951 39.537 Analysis by fund Unreslricled funds Restricted funds 37,756 10,195 38.900 637 47,951 39,537
VICTORIA HALL COMMUNITY TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2025 Not mov•m•nt In funds 2025 2024 The nel movement in funds is stated after chargingllcredilingl.. Depreciation of owned tangible fixed assets 434 637 Trustees None of the Trustees lor any persons connectsd with them) received any remuneration or benefits from the charity during the year. Employees The average monthly number of employees during the year was.. 2025 Number 2024 Number Employment costs 2025 2024 Wages and salaries Social security costs Other pension costs 6,400 11,867 56 116 6,456 11,996 There were no employees whose annual remuneration was more than £60,000. 10 Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. 12-
VICTORIA HALL COMMUNITY TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2025 11 Tanglble flxed as$ots Plant and equlpment Computtrrs Total Cost At 1 August 2024 19,585 3,391 22,976 Al 31 July 2025 19,585 3,391 22,976 Depreciation and impairment Al 1 August 2024 Depreciation charged in the year 19,161 212 3,169 222 22,330 434 At 31 July 2025 19,373 3,391 22,764 Carrylng amount Al 31 July 2025 212 212 At 31 July 2024 424 222 646 12 Debtors 2025 2024 Amounts falling due within one year: Trade debtors Prepayments and accrued income 2,285 1,937 156 2,285 2,093 13 Creditors- amounts falling due within one year 2025 2024 Other taxalion and social security other creditors Accm81s and deferred income 172 395 1,846 418 2,152 2,570 2,413 14 Retirement benefit schemes 2025 2024 Doflned ¢ontrlbutlon s¢h¢m¢$ Charge lo proftt or loss in respect of defined contribution schemes 56 90
VICTORIA HALL COMMUNITY TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2025 14 Retirement benefit schemes Icontinuedl The charity operates a defined contribution pension scheme for all qualifying employees. The assets of Ihe scheme are held separalely from those ol the charity in an independently administered fund. 15 Restri¢ted funds The restricted funds of the charty comprise the unexpended balances of donations and grants held on trust subject lo spectfic conditions by donors as lo how they may be used. At 1 August 2024 Resources expended At 31 July 2025 23,490 110,1951 13,295 Previous year: At 1 August 2023 R•sourc8s expended At 31 July 2024 Operational Equipment 24,127 16371 23,490 16 Unrestrictsd funds The unrestricted funds of the charity comprise the unexpended ba18n¢es of donations and grants which are not subject to spe¢ifi¢ ¢ondilions by donors and grantors as to how they may be Ljsed. These include designated fLJnds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 August 2024 Incoming resources Resources expended At 31 July 2025 General funds 68,107 48,748 137,7561 79.099 Previous year- At 1 August 2023 Incoming resources Resources expended At 31 July 2024 General funds 64,211 42,846 138,9501 68,107 14-
VICTORIA HALL COMMUNITY TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2025 17 Analy$ls of net 3$sots betwo•n funds Unr8stricted funds 2025 Restricted funds 2025 Total 2025 At 31 July 2025: Tangible assets Current assètsllliabilitiesl 212 78,887 212 92,182 13,295 79,099 13,295 92,394 Unrestrlcted funds 2024 Re$trlcted funds 2024 Total 2024 At 31 July 2024: Tangible assets Current assetsllliabililiesl 646 67,461 646 90,951 23,490 68,107 23,490 91,597