The Victor Batte Lay Foundation A charily regislered in England and Wales. number 1149656 A company limi18d by guaranlee, registered In England and Wales. numbef 7T06484 GullHe8d 1196SI, by eèrnard Reynold$. bionze. pvichased 1982, ¢ho$en by the thèn reliiln9 Chair. Aft$ Shaw Trustees, Report and Unaudited Accounts Year Ended 37 July 2024 "AEOKVD3S' 1610412025 COMPANIES HOUSE A11
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THE VICTOR BATTE LAY FOUNDATION CONTENTS Pages Trustees. Annual Report 2to5 Independent Examiners, Report Statement of Financial Activilies Balance Sheet Notes to the Accounts 9t0 19
THE VICTOR 8AThE LAY FOUNDATION TRUSTEES, ANNUAL REPORT The trustees present their report with the unaudited financial statements of the charity for the year ended 31 July 2024. Reference and administrative details Company No. 7706484 Charily No. 1149656 Registered Office The Minories, 74 High Street. Colchester, Essex, England, C01 1 UE Directors and Trustees The Trustees during the year were Ben Coode-Adams {Chair), Verity Barclay (resigned 31 March 2024), Julia Stephen, Sophie Kabangu (resigned 10 December 2024), Amy Turnball (Vice-chair and Secreiary), Benjamin Paites, Professor Ismene Gizelis (resigned 23 November 2024), Lesley Scordellis, Susan Roche, Nagasura (formerly Edmund Bacon). No Trustee receives remuneralion as all Ihe work of the Trustees of the Foundalion is done on a voluntary basis. Objects and actlvities The provision and maintenance of the land and buildings from time io time owned by the charity as a museum and art gallery for the exhibrtion of a collection or collections of objects of antiquarian interest. art or science for the benefit of the inhabitants of Colchester and of the general public. The Foundation owns The Minories. one of Colchesterfs mosl significant buildings and the Victor Batte-Lay Collection. During this period, the VBLF held the lease for 18 Long Wyre Slreet. Achievements and performance Significant additions to the collection included gifts from the Goldmark Gallery of three Michael Rothenstein prints. The Family of Sargy Mann gave an oil painting of Thorringlon Street in Suffolk. John Doubleday continued to support the Victor Batte-Lay Foundation. We are very grateful for these generous gifts and additions to our collection. They make a huge difference in keeping our collection alive and exciting. Page 2
THE VICTOR BArrE LAY FOUNDATION TRUSTEES. ANNUAL REPORT Our café has reopened to the public and is now leased to the Commons Café. Successful crowdfunding has financed new kitchen equipment, bringing our existing facilities up to standard. New tenanls, Creative Co-op, have taken residen in the upstairs area of 77 High Street. The British Origami Society remains a tenant in the Garden Room and maintains its archive in one of the upstairs offices. We have sucsSfUllY developed a wedding business, supported by Steps to Sustainability and Heritage Compass, in collaboration with our wedding planner, Sally Murray. Furthermore, we have been able to purchase a public address system and microphones. The Friends of the Minoiies was wound up during this period, and a new Friends scheme was announced. The old Friends organisation maintained our garden unlil autumn 2023. David Gales was appointed Head Gardener in the summer of 2024. The old Friends gave us a new bench. some urn5, and £3500 to repair and maintain our folly. We are incredibly grateful to Suki Cohen, who ran the Friends and maintained our garden magnificently for thirty-live years. The Friends gave a donation towards the acquisition of the bronze sculpture 'Hebe' by Thomas Bayliss Huxley-Jones. John Ooubleday gave the bronze to the VBLF in the autumn of 2023. The VBLF maintained its membership in several organisations: the Association of Independent Museums, Colchester Civic Society, the Museums Association, and Museums Essex. Throughout the year, membership was transferred to We are the Minories so ils employees could benefit. During this period, we returned items from the collection on display at Layer Marney Tower to the Minories. Some items from our collection are still displayed at Timperley's Tea Room in Colchester. We closed our store at Schofield's and brought Ihe collection back to the Minories to utilise it more effectively and ensure its condition. We continue to hold the Colchester Art Sociely Collection in our attic. Exhibitions of the collection occurred Ihroughout the year, notably an exhibltion of prinls alongside the Michael Rothenstein exhibition that opened in August 2023. Page 3
THE VICTOR BArrE LAY FOUNDATION TRUSTEES, ANNUAL REPORT Michael Rothenstein exhibition and opening the galleries fully for the first time since March 2020, on 22nd August 2023, photo Mads Pierce I 11 The Minories Our sister organisation, We Are the Minories, has firmly established itself in achieving our objectives under the determined and inventive leadership of Director Emma Howe. Flnancial review We transferred £94,720 to We Are the Minories, which was for the delivery of projects on our behalf. core costs, and maintenance of our building and estate, Total income stood at £60,049 (£80,715 Ihe previous year), while expenditures amounted to £85,129 (£112,712 the last year) The transition of fundraising to We Are the Minories was completed during the year,. however, the VBLF received funding of £24,500 <£25,903 Ihe previous year) related to the building and items added to the collection, which enhanced our capital. We are currently in the process of re-valuing the collection. No legacies were received during this flnanGial year. We completed a strategic assessment funded by the National Lottery Heritage Fund. which began in early 2023, working with Dr Torange Khonsari. We submitted a successful pre-application to the National Lottery Heritage Fund in anticipation of applying for a general refurbishment and to make our building accessible and sustainable. Page 4
THE VICTOR BArrE LAY FOUNDATION TRUSTEES, ANNUAL REPORT Structure, governance. management and administratlve detalls The Foundation was originally established as the Victor Batte Lay Trust (Registered as a charity in England and Wales, number 310662) after the bequest in 1955 by the widow of Victor Batte Lay of his collection of works of art, etc, and funds to purchase a suitable building to run as a Gallery in which to display the collection. In 2017 the assets and operations of the Trust were transferred to the Victor Batte Lay Foundation (Registered as a charity in England and Wales, number 1149656), a company limited by guarantee, Ils constitution is ils Memorandum and Articles of Association. ststement of Trustees, responsibilitles In relation to the flnanclal statements The Trustees are responsible for keeping proper accounting records that disclose with reasonable atcuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102). Signed on behalf of the board: Ben Coode-Adams on1510ffjr2025','1Z'.U5:.OB'BST Date Page 5
THE VICTOR BATTE LAY FOUNOATION INDEPENDENT EXAMINER'S REPORT I report to the charity trustees on my examination of the financial statements of Victor Batte Lay Foundaiion (the Trust) for the year ended 31 July 2024 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes. Responsibilities and basis of report As the charity's trustees of the Trust (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of the Trust's financial statements as carned out under section 145 of the Charities Act 2011 {'the 2011 Act.). In carrying out my examination I have followed all applicable Oireclions given by the Charily Commission under section 145(5}(b) of the 2011 Act. Independent Examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting CordS were not kept in respect of the Trust as required by section 386 of the 2006 Act.. or the financial statements do not accord with those records,. or the financial statements do not comply with Ihe accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'lrue and fairf view which is not a matter considered as part of an independent examination: or the financial statements have not been prepared in accordance with the Charities SORP (FRS 102>. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in thi5 report in order to enable a proper understanding of the accounts to be reached. Stuart Foster (FCCA) Quantic Accountancy Limited 1 Second Avenue Halstead Essex C09 2SU Date: 31 March 2025 Page 6
The Victor Batte Lay Foundation cnaTIty NO comnY No 7706484 1149656 Annual accounts for the ear ended 31 Jul 2024 Sectlon A Slatement of financial activitles (including summary income and expendilure ac¢ount) MIDode$ Reopenln9 Funo lo4 R•$irlctod Funds.. Gen•r•l Fund lunds A+ Total lunds Pdoryov fvnd$ I Au9USt to J1 July 2024 FOI F02 F04 FOS 34.565 17.137 $1.702 8.000 5&.702 29.198 cr4S•9CLwle• 1.118 50.399 Tot•1 Exp•ndltuT• INoio$ 31 34,565 18.121 373 so 373 373 60 936 9,716 94.720 5v¥4t• ll•rn AtyAtyn•N 2J21 7S.867 75.867 B.807 9.230 8.807 8.807 Tol¥l 75.867 Nei In¢omelloxpondltur•l b•lor• tax fof th• r•portln9 p•rlod 41.3021 8,891 32.411 8.000 32,932 Noi In¢om•lloxpondltvrnl •ft•¢ tax ts•foro Invosifflènt g¥ln61110ss•s1 41.302 8.891 32.932 N•1 Incomol{•xpondiIr•l 41.302 8.891 8.000 4,411 32,932 Exlr•ordln•ry It(tm• Tr•n5f•ts bOn funds Qth•r mcognlsod galnsll109s09}'. G1155•>OTr 4¥V2Wi¢Yl N•t m¢v•mont In lunds 41.302 RKon¢lll•lloft ol lunds.. T4ttlbJlJ 27.552 68.854 72.192 81.083 1.498.424 1.5.424 1 $42 129 1.517 718 1.575.061 Tothi fvnd$ CIrf10ord Page 7
The Victor Batte Lay Foundation Section B Balance sheet as at 31 July 2024 cha1¥ No Com 1149656 77¢J6484 hllnorlos r¥oprJnlng Fund Yotal Unr•stsi¢lèd R•strlct•d Fund$ Funds Totsl thls Total last y•ar 0$ ai y1 as at 31 31 July 2024 July 2023 Gon•r•l Fun41 A48 FSxed assets Intangible assets Taftgiblo assets Horitage as$èts Inve'stments 900,OC 580.009 900,000 580.009 900.000 580,009 Tot•1 nxed assets 1.480.0 Current assets $tock$ O•btors Invegtmeftls Cilh 8t bank and In hand INolo 91 Tolal¢urrent •SSo1s (Notg 8) 67,186 67,186 54) .41 ,191 Cr¢dltors". amounts falling du• wlthln on• year (Note 10) Net currenl ass•ts/(Il•bllltl•s) 541 ,14 62.120 Tot•1 •ssets less li•bllltl•s 1.542.129 Credltors: amounts lalling dug after (Notv 101 Piovlslortrg for liabiliti•s Total net assets or Ilabllltl¢s Funds of the Charity Rèitri¢ted lunds {Not• 11) Unre6trl¢led funds INott 11) R•¥aluailon rè8•r4• Fair value ro¥orve 168.8541 80.146 11.292 1,506.424 1.517.716 1.542,129 1.506,424 1.506.424 10,625 1.498,424 43,705 7.013 3,612 10.625 rolal funds 7.013 3.612 10,625 1.5(hS,424 1.517.049 1.542,129 These accounls have been Prepared In accordance with the special provision5 01 Part 15 of Ihe Companies Ad 2006 relating 10 small companies. Fof Il)e year ended 31 July 2024 the company was enlilled lo exemption from audit un<ler seclion 477 of the Companies Acl 2006 relatin9 10 small companies. The members have not required the company 10 oblain an audil in accordance with seclion 476 of Ihe Companies Acl 2006. The direclors acknowledge their fesponsibililies lor c¢)mplying with the requifemenls of the Companies Act 2006 wilh respect io aecounling records and the preparalion of account5. Oale ol opproval ddlmm ed by one or tnl51eesldirec1o on behatt of all th• Iwsleesldir•cloi$ Piinl Nam• B Coode-Adams Signaluro ol d¢redor aulhenticatin9 accounts boin9 sent lo Comp#nlES House Signalu Ben Coode-Ad signed on1510412025, 12.05.06 BST ms Page B
The Victor BattÈ Lay Foundation Section C Notes to the accounts for the year ended 31 July 2024 Note 1 A¢¢ounting Policle5 1.1 Basls of preparing the financial ststements The financial 51alemenls ol the charitable rnpany, which is a public benefit entity under FRS 102. have been prepared in accordan wilh the Charities SORP (FRS 1021 'Ar£ouftting and f<eporting 13y Charilies.. Statement of ReMfflended Praclice applicable to charities preparing Iheir accounts in a¢cofdance with Ihe Financial Reportin9 Slandaid applicable in Ihe UK and Republic ol Ire13nd (FRS 102) (effective 1 January 201 Sl.. Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ifeland. and Ihe Companies Act 2006. The financial siaiemenis have been prepared under Ihe hisiorical cost convents'on_ Income All income is recDgnised in the Siaiemenl ol Financial Activities once the charity has entitlement to the funds, it is probable that Ihe income will be received and the amouni can be measufed reliably. Expendllure Llabililies are recognised as expendilure as soon 8$ there 1$ a legal or constructive obligation committing the charity to th81 expenditure, rt is probabl8 that a transfer of economic benefils will be required in sertlemenl and the amount ol the obligalion can be measured reliably. Expendiluie is accounted lor on an accwals basis and has been classified undef headings Ihal aggregale all cost felaied lo the cale9ory. Whefe costs cannol be direclly attributed to particulaf headings they have been alkocaled lo aclivilies on a basis consislenl wilh the vse ol fesoufces. Taxalion The charity is exempt Iforn ¢orporaiion lax on its chafilable aclivilies. Fund accounting Unrestricted lunds can be used in accordance wilh Ihe chafilable objeciives al the discfelion of the Iruslees. Resiricteo lunds only be used for particular reslricled purposes wlhin the objects ol Ihe charity. Restrictions arise when speufied by Ihe donor or when funds are raised lof partiuiiar reslricleo purposes. Restrlcled lunds:. a) Freghold ', This represenls the marf(ei value ol the Minories Art Gallery Colchesler. b) Art Ftsnd '. This represenis Ihe perinanenl collection. Truslpes are pefmitted 10 sell parts ol the collection but proceeds must be reinvesled in art work. 1.2 Golng concern The trusiees are nol awafe ol any feason to doubl Ihal (he Foundation 15 a going ¢oncem. Pa9& 9
The Victor Batte Lay Foundation Soc¢ioii C Notes tothe accounts lor tlio yoar elided 31 July 2024 Icr)i)11 Nots2 Income Fuh¢J.' Mlno1109 Analysls ol In¢omo Ggn•r41 lun lund Fuvdfy TO1 fv47¢1 Pd•f y••r Oonatlons and 1ogaelès- Oonalivns 3n<l 1fl5 Gtft Aid Le a¢ies Gen¢ral granls provided by ovemmenvolher chariii03 Membershlp subsulplion$ and Sponso1p5 i¥hich ale in sub$lanc d¢nations Oonaled goods, lacifjlies an¢J se¢¢$ Other 34.565 34.565 637 2.639 656 637 637 16.500 24 500 Total 34.565 17,137 51.702 8.0ty) 50,702 29.198 Charltsblo Oihoi Yoi&l Other iradlng Fiom sale of m¢rchandlsÈ Total Ineomo from lfiva8tmonts'. Inieiesi Incomo Olvidend Incorne Renial and leasln 01118r 984 Sncom? Totsl 984 964 Sopar41• m•¢orlal Itorn Ol Incomo Tolol Olhor: l)ortaiions oi wths ol an (Heriiage Assels Gain on L1I5posal ol a langityle rtxesj assei held lor chorily's ovm use Gaift on disposal ol a prooramme felaled inveslmenl Royallle$ from ihe exploiiaiion ol iniellectuol ro hls Oihor Toial TOTAL INCOME 34.5S5 18.121 S2.$86 80.715 Olher Inform•Uon.' All lrtc•mo In tho prlor yoar wls unrtrsldclod ox<•g1 lor: Iploaye prnvlde des¢flpiion afid amounts) zeroth1Th8i$ in kind Of$01 art Ihè CoDe¢t Pay 10
The Victor Batte Lay Foundation Seciion C Notes to the accounts lor tho year ended 31 July 2024 Icoi)11 Note 3 Expenditure 0¢$1oth•t•d Fund.. Mlnorf•5 A•opofiln9 Totsl Unrn$tri¢r lundi Rostrl¢ted lrteomo Analysls of exnlture prtor y4•r Expendilurè on ralslng funds: Inlled seeking donan$ Incuried seekin9 le9acies Incurred 5eekin9 grants StagSn9 Ivndrai5ing events C05101 merehartdlsing Adverlising, markelirtg. dI¢t mail and ublicit 03iabase development costs Oihei Irè¢Jin9 8¢1ivilies Inlelle¢lual property li¢en¢ing cosls 373 373 373 936 Renl collection. pfopety fepairs and maintenance charges Total expendlture on ralglng fund$ 373 373 373 Exp•ndllur• on h•rltabl• acllvitie$ StOfag8, preseNalion. p¢omotn and exhibition ol Ihe Colleclion Membership ol asso¢i3lK*ns Purchbse of eqvipment Artlsl 10¢5 elc 50 50 Total exp•ndliure on char5table ¢tl¥lll•s SQ Sèparalè mat•rlal It•m ol Transfer ol lunds lo Walm 75,867 75,867 Adjuslmenl cdi10r raised 2021 Total 75.867 75,807 75,887 94,720 Oih•r Governance costs: Accounlancy and Independènt exam5nalKJn Bank char es Le al and Pfolessional Foos Insuian¢e lees Toial Oiher expondlluro 1.693 70 1.693 70 70 1.342 5.601 7,044 8,807 8,807 8.807 8.27S TOTAL expENDITURE 7S.887 9.230 85.097 85,097 113.647 Pag? 11
The Victor Batte Lay Foundation Sectioh C 'Notes to, the accounts for the year ended 31,July 2024 (contl Note 4 Details of certain types of expenditure Fees for oxamlnaiion oflhe accounts Pleaseprovlde detalls of the amountpald for any statutory extemal scrutlny ol aeeounts and other services provided by your Independent examlnor. If nolhlng was paldplease ènter'o'ln the approprlate boxfesj. Yhls yèar Last year Accounts 504 Assuronce ser¥lces oih'er than Independent •xarnlnatlon Tax advlsoty fees Other lees (lor examplè.. financial advl¢e, consultancy, accounlancy 80rvicesl pald to the Indopendent examlner Nole 5 Paid employees The Foundation has no paid employees, Pag• 12
The Victor Batte Lay Foundation Section C Notes to the accounts for the year ended 31 July 2024 (contl Note 6 Tangible lixed assets Please complètè thls nole irthe charlty has any langlbl• fixed assets 14.1 Cost or valuatlon Freohold land & bulldlngs Planl. n)achln•ry and MOr v•hlel•s Fixtures. Ilttln9s and equlprnent Tolal Al Ihe beginning ol the year Ac£ovnis 900,000 900,000 1 Augusi lo 31 July 2024 Oisposals Translefs ' At end of the year 900.000 900.000 14.2 Depre¢iatlon and Impairment3 'BasiS SLorRB SLorR8 SLorR8 SLorRB SLorRB Slraighl Line ("SL"I or Reducing Balance ("R8"J Rate Al beginning of the year Dispos815 Depreciation Impairment Tfansfers. Al end ol Ihe year 14.3 Net book value Nel book value at Ihe beginning ol Ihe yeaf 9w,IJ)O 900.000 Nei book value al the end ol the year 900.000 9(X),000 Page 13
The Victor Batte Lay Foundation Section C Notes to the accounts for the year ended 31 July 2024 Icontl Note 7 Heritage assets Please ¢ompleto thls note if the charity has herl¢a90 as$•ts . 7..1 Gener81 dlsclosures for all charliies holdln9 heritage assets 111 Explaln thg nature and scale of The Foundatlon malntaln6 a collo¢iion of some 250 works ol art, heritsge assets held. currently valued at a little over £580,000. (11) Explaln the poll¢y for the acquisltion, preservation, man?9ement and dl$posal of heritage assets. The collectlon was InheTlted as.part of Our foundlng beque81. Th• tfUStee$ manage the collection through disposal al aucuon and acqulsitlon through Pufchases and gifts. Tho ¢ollectson 1$ malnlalned In adequate cond115on and Insured. Our pollcy is tsiennlal revaluatlon. A¢¢ounl$ 1 Au9USt 2023 to 31 Juty 2024 The ¢ollectlon Herltage a95èt H•r4tsge assÈl H•iitag• assot Total At beginnlng of Ihe yéar Additions 580,009 580,009 Disposals Revaluabons Tr8risfers . Al end of the year S80,009 $80,009 7.2 Reyaltsation Man a¢countlng polley ol revaluailon Is adopted, pleasepmvldg.. tho eff•crlve date of tho revaluailon Trustees, revaluauon ln S•ptemb•r 2019 the name of Independen¢ valuer, Ilappll¢able Jonathan 8enson. Former Trustee. and also a dlre¢tQT of R¢¢man Dansl?, qu8111i¢ations of Independent valuer the m•thods applled and slgnllleant assvmptlon$ any slgnlflcant limitallons on ¢h8 valuatlon Page 14
The Victor Batte Lay Foundation Section C Notes to the accounts for the year ended 31 July 2024 Icontl Note 8 Debtorn and prepayments Please complet• thls not• ir th• ¢haniy has any dObt0 orprepaym•nts. AnalysSs of debtofs Thls yeaf Last year Tr4de d•btors Accounts 1 Augu•l to 31 July 2024 Totsl Completè 19.2 where a materlal debtor Is recoverable more than a ye•rafter the i•portlng date. 8.2 Dlsclosure of debtors recovernble In more than 1 year Ilncluded Sn debtors above) Th18 yoaf La81 year Trnd& d•btors Prepaymenl4 and accrued Incom* Other debtors Total Page IS
The Vlctor Batte Lay Foundation Section C Notes to the accounts for'the year ended 31 July 2024 Icont) , Nole 9 .Cash at bank and In hand Thls year L•st year "Short terni cash Investmènts (less Iha'n 3 month$ maturity datel COIF Cash ai b•nk and on hand .Aecounts 1 August to 31 July 2024 34.SOO 3.691 34.500 32.686 38,1 67.1 Cash 418•n 8aidays CAF Ca5 Paypal T•ial 3.691 3.691 .Analy8ed by Category of Fund Mlnorfes rgopenin9 Oth•f Tolal Id•$lgnatod Unre51rtcled Unrestrlct•d fund) funds Funds 127.552) 76.323 48.771 34.565 17.484 52.049 175.8671 113.1771 189,0441 R•stfl¢l•d Incomo lunds 18,415 8,000 Total lund8 67.186 60,049 189,0441 Openin9 Balance Cosh in Cash Out Translei8 Closin9 Balance 68.854 80.630 11.776 26.415 38.191 Page 16
Tho Victor Batte Lay Foundation Section C Notes to the accounts for the year ended 31,'July 2024 Icontl Note 10 Crèditors and a¢¢ruals Please complete thls note rfihe ¢hariiy has any credltors orac¢rual$. 10.1 Analy819 of credltors Amounts lallin9 due wlthln one year Thi8 year Last year Amounts falllng due after rnore than one year Thls year Last year Account$ 1 August to 31 July 2024 Bank loans and overdrafts Trade Creditors Payments re¢elved on account for contracts or perfom)ance.related grants A¢¢rual$ and delerred Income Taxatlon and $o¢lal securlty Other credltors 124 4,070 360 996 Tot•1 10.2 Oeferred Incom• Please ¢ompl•i• Ihl$ note11 tho Charlty has deferred Income. Please Ox laln the re4sons wh Income Is deferred. Movement In dèlerred Income a¢¢ount This year Lasl year Bal•nc• at iho Start of Ihe r•portlng perlod Amounts added in current TIod Amounts released lo Income Ifom pr•vlous perlod8 8al?n¢g at the •nd ol Ihe reportlng period
Th• Vlctor Batt• Lay Foundatlon Seciion C Noto11 ¢h•rl lunds 11.1 D•iills of malprS•l lund¥ held ind mo¥em¥nts duilng th• CURRENT mporung porlod 'K•y.' PE.p•Yrn•nipl•nOobvm•nl fun•s,.Ef - e¥pv#dabts ¢ndowm•niiundi.-R. roJrrl¢rodlncQ Iyn4YS, Ild$k SJiiGl•J truJ¢& of th• th•rlty,' MdV- ¥nrnstrt¢i•fi un alirtc ¢ifrf•d forafd b•1fl¢•5 bioullhl Tyw pe. EE RorVR' G•ln••rAI Puipoi••nd R•btrfci&)n¥ In¢orM exp•ndilkni• Fund n•m UR UR 3812 MinOTS Rtru For •n to thry YheAAlJli in A•¥Nf•ncè 65 • B•nham 2.692 Poiieod4 Pl 24 On• Colcn•&ief Mypvr Fvr Vartous Art Fynd PÈ 580009 PE Tho Mfftories 800000 T•¢l Fuft a• p•1 bil•nc• sh••t 1.$12.129 90,019 I.128> l.S17.019 iMthy(ortho hlGh lh••e¢WnM•rn upj. P•9• 1•
The Vietor Batte Lay Foundaiton Soction C Nol¢s to Ihc o¢coiinls f¢r Ihc ycar ended 31 July 2024 IcoDtI Note 12 Transaclions with trustees and relaled parties Ilthe has •ny Iransaellons wlib rolatedAl¢S (othtrthan lh¢ iruslee ompS•S oxpl•inodln 9uldonc• rt•h7sy doi•lls olyuch frnnsoeilons 5houl¢ bo pi•vldod th Ihls ool•. Ilth¢rtr trtn5•¢U¢ns io Yoport plea50 0nlt"Trut- In lh• btsx ¢r"Fal$o- Ilthorn •re IRDlIOnS ro rnport 28.1 TfUgt¢¢ vemunerntlon •nd b•n•frt5 Nono ol tht tru8toei ha8 l>Èen p•ld any r¢munerolSon or 1g¢?l¥eO1ry olh•r bcnerrts IFOM •D offlploym•ni ll lh• FoLFfidWn Ilrue or Fa1801 TRUE In thepwlod thè tharfty h•$ tfU510QS rtmurtty¥ilon bon•fftJ. Pl•asD glve iho afflauni ol. ieplauthofltyffor. any fomunofaiion or Oiherbenefrts paldlo a Ilusieè byih• cljariry or•ny Insriiutlon w¢ompany Conne¢¢( It Amoursts pald oi bengnt ¥•lve Tbla eor L••1 year Le9•1 Jjuthorfty leg order. govfrmlng docum•nll Aernun•141kn othér TOTAL 1 Augustlo 31 Juty 2024 ¢Q•irlbuUgn IPSB ol gIBI PlcaJ• gfvo d•t•ll$ •lwhyThmun•ffjiknn oroih• ¢mploymwi benollts woropald. Wh•v• •n •X grnil p•ym•ftth•s m•ty• itr • trusloo, pm¥ld• •plan8tlon ollho olih• p•ymgfji. Ilo Ihlrdwrty h&¥ boon rnlmburs•d lorwovlL¢lng•no or mor• ¢iusi•o$, sial• th4 oith• pbyfflefi147nd •rtIOWAi ollh• r•lmbvrsomoni Slai• tho numborollrui•os lo whom r•iirnmonib•n•llt5 ef••¢¢r¢rfn9 und•ia d•Nnwltontrltuilon pMslM 12.2 Tru•t•tt' •xp•n••• Mth¢ ¢h•rty hjs paiu irusioes •xp•n$4s lorfulllllin9 Ih¢tr duiios. d•iJllJ olsu¢h ¢rnnsJ¢iions houldbopmvldedln thls Ih•i• •rn no 19 r•port pl¢45• onter"fiu•" In rho box )•low. ttlhw• arn tffjnsa¢ii•n$ i• r•pgnb pl••i• ont•r"F•l>•", No tNIt•• •Mpenw hav• bwn lrt¢ufféd ITfup orFals•1 TRUE Typ ol•xp•ni•q r•hTrburn•d Th1 y••r L••1 y••r Tr•¥oi S¥bs181ence ¢ommodatlori Olher Iploa%e $pvrlfyl.' TOYAL 12.3 T13n5adlonlsl wllh relate¢J partlo9 Plo•so glve dvt•lls olany transactlon wId•rt•1t by behaMoQ th• eharfty In wltlch a •l•ieLip•rty h• a Illafèrl?Ilni¢rns¢ Ineludln9 wh•1 fund$ fve been hold•s agoni lorrelDtedp4rt105. Miher83rv no such tTr$?({lon5, please ¢n(er Iru•'ln in¢ bo Ther¢ ha¥e btoh no rèlated porty trans&Ctk>ns Inthe pOrtIng perfod (Twue pr Fats¢l TRUE 19