**REGISTERED COMPANY NUMBER: CE009825 (England and Wales) REGISTERED CHARITY NUMBER: 1172407** **REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** ## **FOR** **THE VC GALLERY** L M Griffiths & Co Limited Chartered Certified Accountants 1&2 Merlins Court Winch Lane Haverfordwest Pembrokeshire SA61 1SB **THE VC GALLERY** ## **CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 March 2021** |||**Page**|| |---|---|---|---| |**Report of the Trustees**|1|to|6| |**Independent Examiner's Report**||7|| |**Statement of Financial Activities**||8|| |**Balance Sheet**|9|to|10| |**Cash Flow Statement**||11|| |**Notes to the Cash Flow Statement**||12|| |**Notes to the Financial Statements**|13|to|23| |**Detailed Statement of Financial Activities**|24|to|25| ## **THE VC GALLERY** ## **REPORT OF THE TRUSTEES for the Year Ended 31 March 2021** The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Public benefit** The charity aims to promote social inclusion amongst people at risk of social exclusion by reason of their age, disability, ill health or financial hardship, including veterans and serving members of the armed forces by the provision of opportunities for activities and interaction with persons in the local and wider community, by the provision of workshops, recreational facilities and general support as needed. For the purpose of the above, 'socially excluded' means being excluded from society, or part of society, as a result of being a member of a socially and economically deprived community. The charity operates in Pembrokeshire, Carmarthenshire and Ceredigion. ## **STRATEGIC REPORT** ## **Achievement and performance** ## **Charitable activities** The charity was originally set up to help members of the armed forces and veterans cope with the issues arising from time spent in war zones. This was achieved through the medium of art as a therapeutic outlet for the anxieties that had developed due to their experiences. It soon became apparent that what was being achieved could also be extended to the wider community. From its humble beginnings, the charity now operates from two community hubs, a retail gallery and a community garden. These hubs enable the charity to be accessible to the North and South of Pembrokeshire and serve more of our community. Running workshops on site as well as exhibiting work produced by the beneficiaries, gathering donations to help fund art materials and running costs. The charity actively encourages members of the local community and veterans to engage with the arts. They are supported to develop their creativity through weekly workshops run by artists. Working with groups such as the elderly, disabled and people from minority backgrounds, The VC Gallery provides a safe and caring environment for individuals to be creative and express themselves. Page 1 ## **THE VC GALLERY** ## **REPORT OF THE TRUSTEES for the Year Ended 31 March 2021** ## **STRATEGIC REPORT Achievement and performance Fundraising activities** The charity has a high profile within the community and is often featured in the local press. In the current year, over half of the charity's income was from awards, donations and grants, most from local organisations. The charity would like to thank the following for providing help in this way: Armed Forces Covenant Fund Trust Ascona Valero Energy Community Foundation Wales Pembrokeshire County Council Dyfed Powys Police Crime Commissioner The Baring Foundation South Hook LNG The National Lottery Fund The Veterans Foundation The Arts Council of Wales Hywel Dda UHB West Wales Care Partnership Thanks are also given to the numerous other individuals and organisations who have provided gifts of money or their time. Unfortunately, there are too many to mention everyone but the charity is grateful for all amounts, no matter how small. The combined efforts of a lot of people do make a difference. Never has the work of The VC Gallery been more important and necessary than over the last year. 2020-21 has been a time of unprecedented uncertainty and upheaval due to the Covid-19 Pandemic. Our purpose has been refreshed and Covid-19 showed us that our work is needed even more and our strength is our ability to adapt quickly and with compassion. We broadened the scope of our activity, adapting in new and innovative ways to support and maintain connection and relationships with our participants, partners and artists. We employed a core staff of 4 and offered 6 freelance artists contracts throughout the year. On a daily basis 40/50 people access our hubs. The VC Gallery was delighted to be featured in The Baring Foundation, Creatively Minded: The Directory, which identified around 250 organisations working in the field of arts and mental health. Being a grant holder with the Baring Foundation celebrated our Arts and Health focus, how we take pride in creating bespoke workshops for our beneficiaries living with mental health problems and weave artistic practice into all of our activities. It also gave us the opportunity to connect with other organisations working in the same field to learn from each other and share best practice thanks to their innovative networking sessions. Page 2 ## **THE VC GALLERY** ## **REPORT OF THE TRUSTEES for the Year Ended 31 March 2021** ## **STRATEGIC REPORT Achievement and performance Key VC Gallery projects during 2020-21.** ## **Pembrokeshire County Council: Enhancing Pembrokeshire Grant.** Using funds raised via Second Homes Tax this grant helps to address the negative impact of second homes and in doing so adds value to our communities. As a result of this generous grant we were able to employ a full time Digital Media Officer. Their influence was to boost our sustainability and raise awareness of our services and activities. Encouraging greater involvement by the local community. ## **The Veterans Foundation.** Awarded the VC Gallery funding to employ an administrator for twelve months which relieved the CEO of many office tasks. This gave him more time to focus on veterans affairs and manage his personal caseload of up to 50 veterans with complex issues along with managing the charity. **The Arts Council of Wales;** funded our 'Brightside' project which allowed us to innovate and offer online art sessions , online creative writing sessions, an Art Club for groups and one to one art mentoring. We delivered art packs within the local community being responsive to each individual situation. This creative practice supported people's wellbeing and helped them to connect through What's App and Facebook groups even after the sessions had ended, creating a legacy of great work and friendships. Staff learnt new skills and gained confidence in online tuition and technology. They also funded contracts for staff to manage our retail art gallery space in the heart of Haverfordwest which was vital as many of our volunteers are elderly and were vulnerable at this time which prohibited them from working. This funding where possible sustained the turnover of sales and donations to the charity but also brought comfort to the artists who exhibit their work in the Gallery. The National Lottery Fund was also used to offer online classes and support those with digital issues to reduce the isolation faced by many who do not have access to equipment. Learning from our Brightside project and adding value to our itinerary. **Hywel Dda UHB** ; funded salaries of a mental health Befriender and a Financial worker at the start of 2021-22, through Tier 01 Funding building support systems within the community to prevent mental distress. This enabled the charity to offer bespoke, individual packages of support to our members either face to face, online or on the telephone. Thanks to this funding we were able to accept more referrals to our service from Secondary care, Community Connectors, GP's and our Local Authority. Along with our arts provision we offered walking groups, photography, tea club, chess club and many more activities. We used our strong networking links to signpost to other organisations for the benefit of the member and we are very proud of our strong bond with the Health Board. Thanks to the **West Wales Care Partnership; Carers Support Innovation Grant** the charity ran weekly online Carers sessions bringing together unpaid Carers of people with mental health problems. This project 'Caring with The VC Gallery' was both touching and creatively rewarding. 21 participants met weekly for art, conversations and educational talks spanning carers rights, grants and how to self care. This project brought a deeper understanding for staff to identify and support Carers and started our journey towards the Investors in Carers scheme run by Hywel Dda UHB. ## **Projects funded by The Armed Forces Covenant Fund Trust 20-21** 'Special thanks must be given to The Armed Forces Covenant Fund Trust who responded quickly to the Covid-19 pandemic with increased funding opportunities. As a board we acknowledge how important this was for the charity to continue our valuable work supporting the Armed Forces Community' - Mark Jolly (Chair of The VC Gallery). Page 3 ## **THE VC GALLERY** ## **REPORT OF THE TRUSTEES for the Year Ended 31 March 2021** ## **STRATEGIC REPORT** ## **Achievement and performance** **Positive Pathways Programme:** Part of the Veterans' Mental Health and Wellbeing Fund, the Positive Pathways programme awarded fixed grants of £35,000 or £70,000 for projects developed by and for veterans that focus on improving veterans' mental health and wellbeing by getting veterans out and active. Round 2 saw The VC awarded funding for the 'Art of Memories' a two year project to collect and record stories from Serving personnel, veterans and their families. These stories from their military lives will be used to inspire participants to create artwork and poetry. Culminating in a tour of artwork and poems to locations across Pembrokeshire, identifying new veterans, making connections and supporting where needed through our peer mentor network to provide welfare. Over 200 poems and 100's of artworks have been produced and the project so far has connected with over 150 veterans, either face to face or virtually. Round 4, The VC Gallery were granted funding for a one year project Dig for Victory, bringing our long held wish to offer more outdoor green therapy to fruition. The site on the edge of the Pembrokeshire National Coast Path was once a WW2 coastal battery, kindly leased to us by the present landowner for the benefit of the local community and our veterans. The project commenced in January 2021 and has seen over 80 Armed Forces community members accessing the gardens. **Covid-19 Impact Programme:** This programme was designed to ensure that people from Armed Forces communities could keep accessing important services, where resources for these services have been impacted by the Covid-19 pandemic. The VC Gallery successfully secured this funding towards our sustainability over this time when traditional fundraising efforts and revenue would be compromised so that delivery of services and the welfare of The Armed Forces Community could be maintained across the full spectrum of activities, support and person centred care that we pride ourselves in. ## **Veterans Should not be Forgotten; Project Lifeline.** In the March 2020 budget, the Chancellor of the Exchequer awarded additional funding for veterans' mental health. Some of this funding was made available to provide immediate support for vulnerable veterans with reduced social contact via grants to members of ASDIC, Age UK branches and eligible and invited Cobseo members. Groups could apply for up to £20,000 for a six-month project focused on supporting veterans who are isolated and unable to access services or have limited social contact during the period of self-isolation and restrictions relating to the pandemic. Being proud members of Cobseo we applied and were awarded this funding to continue our military peer mentoring which supports those most in need, vulnerable and isolated. We found new and innovative ways to keep veterans connected during this difficult time. 488 home visits were made by our military peer mentors for welfare checks, shopping, medication deliveries and support with digital tech issues.28 Zoom 'Naafi breaks' were held with many veterans attending from all over the UK. 28 Zoom quiz sessions delivered, advocacy and support with PIP tribunals, liaising with statutory services including referrals to Veterans NHS Wales along many other military charities for the benefit of our members. A highlight of our work was facilitating a Zoom conversation between WW2 Royal Marine Ted Owens (94) and Mark Drakeford our First Minister on VJ Day. ## **Financial review** ## **Financial position** The end of the period saw unrestricted financial reserves standing at £253,560 (2020 - £20,423). ## **Reserves policy** It is the trustees intention to try to maintain reserves at a level equivalent to around six-to-nine months expenditure. Page 4 ## **THE VC GALLERY** ## **REPORT OF THE TRUSTEES for the Year Ended 31 March 2021** ## **STRATEGIC REPORT** ## **Future plans** The charity plans to continue the activities outlined previously in the forthcoming years. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing 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. ## **Organisational structure** Details of current Trustees are shown below. Lt. Col Mark Jolly has served as chair since 2019. Day to day leadership of the company lies with the CEO, Barry John MBE and Project Manager Stephanie Cross. The Board of Trustees meet for monthly Board meetings to review activities and strategies including safeguarding and fundraising targets. The Trustees have a wide range of skills pertinent to the Charity,including governance, health, project management, fundraising and insight into the experiences of the Armed Forces Community. Appointments to the Board of Trustees are made by unanimous agreement of the existing Trustees. The Trustees each bring their own specialism to the board, and skills audits are regularly undertaken to identify gaps. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Registered Company number** CE009825 (England and Wales) ## **Registered Charity number** 1172407 ## **Registered office** 30 Augustine Way Haverfordwest Pembrokeshire SA61 1NY ## **Trustees** Mr M Jolly Chairman Mr J Warlow Mrs C Harries (resigned 31.3.21) Mr J Beynon Mrs M Bateman Mrs J Miller (resigned 31.3.21) Mr S L Hancock Mr M Shuttleworth Ms R Gainfort Treasurer (appointed 8.12.20) ## **Company Secretary** Mr J Beynon Page 5 ## **THE VC GALLERY** ## **REPORT OF THE TRUSTEES for the Year Ended 31 March 2021** ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Independent Examiner** L M Griffiths & Co Limited Chartered Certified Accountants 1&2 Merlins Court Winch Lane Haverfordwest Pembrokeshire SA61 1SB ## **OTHER MATTERS** A special thanks must be given to Ron Skinner and Sons Neyland for donating a vehicle to the Charity in order for staff and volunteers to travel to workshops around the county. Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 2 December 2021 and signed on the board's behalf by: Mr M Shuttleworth - Trustee Page 6 ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE VC GALLERY** ## **Independent examiner's report to the trustees of The VC Gallery ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021. ## **Responsibilities and basis of report** As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company 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 your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. ## **Independent examiner's statement** Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of FCCA which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (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 this report in order to enable a proper understanding of the accounts to be reached. Paul Murray FCCA L M Griffiths & Co Limited Chartered Certified Accountants 1&2 Merlins Court Winch Lane Haverfordwest Pembrokeshire SA61 1SB Date: ............................................. Page 7 ## **THE VC GALLERY** ## **STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2021** |Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**53,191**
Other trading activities
3
**43**
Other income
**89,859**
**Total**
**143,093**
**EXPENDITURE ON**
**Charitable activities**
4
Charitable
**9,217**
**NET INCOME**
**133,876**
**Transfers between funds**
12
**99,261**
**Net movement in funds**
**233,137**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**20,423**
**TOTAL FUNDS CARRIED FORWARD**
**253,560**|Restricted
funds
£
**398,325**
**-**
**-**
**398,325**
**184,809**
**213,516**
**(99,261)**
**114,255**
**57,120**
**171,375**|**2021**
**Total**
**funds**
**£**
**451,516**
**43**
**89,859**
**541,418**
**194,026**
**347,392**
**-**
**347,392**
**77,543**
**424,935**|2020
Total
funds
£
162,224
4,045
-
166,269
112,735
53,534
-
53,534
24,009
77,543| |---|---|---|---| The notes form part of these financial statements Page 8 ## **THE VC GALLERY** ## **BALANCE SHEET 31 March 2021** |Unrestricted
funds
Notes
£
**FIXED ASSETS**
Tangible assets
10
**9,326**
**CURRENT ASSETS**
Cash at bank and in hand
**274,764**
**CREDITORS**
Amounts falling due within one year
11
**(12,519)**
**NET CURRENT ASSETS**
**262,245**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**271,571**
**NET ASSETS**
**271,571**
**FUNDS**
12
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Restricted
funds
£
**-**
**171,375**
**-**
**171,375**
**171,375**
**171,375**|**2021**
**Total**
**funds**
**£**
**9,326**
**446,139**
**(12,519)**
**433,620**
**442,946**
**442,946**
**271,571**
**171,375**
**442,946**|2020
Total
funds
£
2,554
93,720
(720)
93,000
95,554
95,554
38,434
57,120
95,554| |---|---|---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The financial statements were approved by the Board of Trustees and authorised for issue on 2 December 2021 and were signed on its behalf by: The notes form part of these financial statements continued... Page 9 ## **THE VC GALLERY** ## **BALANCE SHEET - continued 31 March 2021** Mr M Shuttleworth - Trustee The notes form part of these financial statements Page 10 ## **THE VC GALLERY** ## **CASH FLOW STATEMENT for the Year Ended 31 March 2021** |Notes
**Cash flows from operating activities**
Cash generated from operations
1
Net cash provided by operating activities
**Cash flows from investing activities**
Purchase of tangible fixed assets
Net cash used in investing activities
**Change in cash and cash equivalents in the**
**reporting period**
**Cash and cash equivalents at the beginning of**
**the reporting period**
**Cash and cash equivalents at the end of the**
**reporting period**|**2021**
**£**
**360,691**
**360,691**
**(8,272)**
**(8,272)**
**352,419**
**93,720**
**446,139**|2020
£
52,892
52,892
(1,100)
(1,100)
51,792
41,928
93,720| |---|---|---| The notes form part of these financial statements Page 11 ## **THE VC GALLERY** ## **NOTES TO THE CASH FLOW STATEMENT for the Year Ended 31 March 2021** ## **1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES** ## 2. |**Net income for the reporting period (as per the Statement of Financial**
**Activities)**
**Adjustments for:**
Depreciation charges
Increase/(decrease) in creditors
**Net cash provided by operations**
**ANALYSIS OF CHANGES IN NET FUNDS**|**2021**
**£**
**347,392**
**1,500**
**11,799**
**360,691**|2020
£
53,534
638
(1,280)
52,892| |---|---|---| |**Net cash**|At 1.4.20
£|Cash flow
£|**At 31.3.21**
**£**|**At 31.3.21**
**£**| |---|---|---|---|---| |Cash at bank and in hand|**93,720**|**352,419**||**446,139**| ||**93,720**|**352,419**||**446,139**| |**Total**|**93,720**|**352,419**||**446,139**| The notes form part of these financial statements Page 12 ## **THE VC GALLERY** ## **NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 March 2021** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Computer equipment - 20% on reducing balance ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **Pension costs and other post-retirement benefits** The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. continued... Page 13 ## **THE VC GALLERY** ## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021** ## **2. DONATIONS AND LEGACIES** |Donations
Grants
Artist donations
**3.**
**OTHER TRADING ACTIVITIES**
Fundraising events
Workshop income
**4.**
**CHARITABLE ACTIVITIES COSTS**
Charitable
**5.**
**SUPPORT COSTS**
Charitable
**6.**
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets|**2021**
**£**
**15,003**
**431,268**
**5,245**
**451,516**
**2021**
**£**
**-**
**43**
**43**
Support
Direct
costs (see
Costs
note 5)
£
£
**185,349**
**8,677**
Governance
Other
costs
£
£
**7,917**
**760**
**2021**
**£**
**1,500**|2020
£
38,703
118,908
4,613
162,224
2020
£
3,901
144
4,045
Totals
£
**194,026**
Totals
£
**8,677**
2020
£
639| |---|---|---| continued... Page 14 ## **THE VC GALLERY** ## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021** ## **7. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020. ## **8.** ## **9.** ## **STAFF COSTS** |Wages and salaries
Other pension costs
The average monthly number of employees during the year was as follows:
Management
Project leader
No employees received emoluments in excess of £60,000.
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
funds
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
96,820
Other trading activities
4,045
**Total**
100,865
**EXPENDITURE ON**
**Charitable activities**
Charitable
82,610
**NET INCOME**
18,255||**2021**
**£**
**102,399**
**2,247**
**104,646**
**2021**
**2**
**2**
**4**
Restricted
funds
£
65,404
-
65,404
30,125
35,279|||2020
£
52,641
1,818
54,459
2020
1
-
1
Total
funds
£
162,224
4,045
166,269
112,735
53,534| |---|---|---|---|---|---| continued... Page 15 ## **THE VC GALLERY** ## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021** ## **9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued** ## **10.** |Unrestricted
Restricted
funds
funds
£
£
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
2,168
21,841
**TOTAL FUNDS CARRIED FORWARD**
20,423
57,120
**TANGIBLE FIXED ASSETS**
Motor
Computer
vehicles
equipment
£
£
**COST**
At 1 April 2020
**-**
**3,800**
Additions
**6,650**
**1,622**
At 31 March 2021
**6,650**
**5,422**
**DEPRECIATION**
At 1 April 2020
**-**
**1,246**
Charge for year
**665**
**835**
At 31 March 2021
**665**
**2,081**
**NET BOOK VALUE**
At 31 March 2021
**5,985**
**3,341**
At 31 March 2020
-
2,554|Total
funds
£
24,009
77,543
Totals
£
**3,800**
**8,272**
**12,072**
**1,246**
**1,500**
**2,746**
**9,326**
2,554| |---|---| continued... Page 16 ## **THE VC GALLERY** ## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021** ## **11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Trade creditors
Social security and other taxes
Accrued expenses|**2021**
**£**
**12,000**
**(241)**
**760**
**12,519**|2020
£
-
-
720
720| |---|---|---| continued... Page 17 ## **THE VC GALLERY** ## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021** ## **12. MOVEMENT IN FUNDS** |**Unrestricted funds**
General fund
Designated fund - school purchase
**Restricted funds**
National Lottery Awards For All
Armed Forces Grant
SDF Funding
PED Town regeneration
Under the bridge
Police Crime Commissioner
Pembrokshire County Council - Peer Mentor
PCC Social Media Enhancing Pembrokeshire
Grant
CF In Wales
Moondance Foundation
Arts Council for Wales
PAVS
Armed Forces Covenant
Baring Foundation
Pembrokeshire Association
Hywel Dda Carers Grant
Armed Forces Into the blue
Armed Forces Peer Mentor
Armed Forces Dig for Victory
PCNPA Power of Pembs
Armed Forces Carmarthenshire County Council
Positive Pathways
Caring with the VC
The Brightside - South Hook LNG
Volunteer Coordinator
PCC Counselling
3D for The Third Age
Tackling Loneliness
Art of Memories
**TOTAL FUNDS**|Net
movement
At 1.4.20
in funds
£
£
**20,423**
**133,876**
**-**
**-**
**20,423**
**133,876**
**2,620**
**-**
**21,844**
**-**
**7,143**
**-**
**2,058**
**(4,880)**
**982**
**-**
**7,354**
**-**
**15,119**
**-**
**-**
**28,041**
**-**
**6,400**
**-**
**600**
**-**
**(10,653)**
**-**
**1,000**
**-**
**70,275**
**-**
**1,632**
**-**
**1,000**
**-**
**6,089**
**-**
**33,250**
**-**
**5,392**
**-**
**28,540**
**-**
**1,118**
**-**
**12,568**
**-**
**(303)**
**-**
**197**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**33,250**
**-**
**-**
**57,120**
**213,516**
**77,543**
**347,392**|Transfers
between
funds
£
**(55,739)**
**155,000**
**99,261**
**(2,620)**
**(21,844)**
**(7,143)**
**2,822**
**(982)**
**(7,354)**
**(2,324)**
**(28,041)**
**(6,400)**
**(600)**
**11,163**
**(1,000)**
**(70,275)**
**(1,632)**
**(1,000)**
**(6,089)**
**-**
**(5,392)**
**(2,153)**
**(1,118)**
**(12,568)**
**303**
**(168)**
**4,535**
**35,000**
**10,000**
**2,369**
**-**
**13,250**
**(99,261)**
**-**|At
31.3.21
£
**98,560**
**155,000**
**253,560**
**-**
**-**
**-**
**-**
**-**
**-**
**12,795**
**-**
**-**
**-**
**510**
**-**
**-**
**-**
**-**
**-**
**33,250**
**-**
**26,387**
**-**
**-**
**-**
**29**
**4,535**
**35,000**
**10,000**
**2,369**
**33,250**
**13,250**
**171,375**
**424,935**| |---|---|---|---| continued... Page 18 ## **THE VC GALLERY** ## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021** ## **12. MOVEMENT IN FUNDS - continued** Net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**Restricted funds**
PED Town regeneration
PCC Social Media Enhancing Pembrokeshire
Grant
CF In Wales
Moondance Foundation
Arts Council for Wales
PAVS
Armed Forces Covenant
Baring Foundation
Pembrokeshire Association
Hywel Dda Carers Grant
Armed Forces Into the blue
Armed Forces Peer Mentor
Armed Forces Dig for Victory
PCNPA Power of Pembs
Armed Forces Carmarthenshire County Council
Positive Pathways
Caring with the VC
Tackling Loneliness
**TOTAL FUNDS**|Incoming
Resources
Movement
resources
expended
in funds
£
£
£
**143,093**
**(9,217)**
**133,876**
**2,000**
**(6,880)**
**(4,880)**
**42,200**
**(14,159)**
**28,041**
**20,950**
**(14,550)**
**6,400**
**5,600**
**(5,000)**
**600**
**9,000**
**(19,653)**
**(10,653)**
**1,000**
**-**
**1,000**
**131,986**
**(61,711)**
**70,275**
**8,000**
**(6,368)**
**1,632**
**5,250**
**(4,250)**
**1,000**
**6,375**
**(286)**
**6,089**
**33,250**
**-**
**33,250**
**36,500**
**(31,108)**
**5,392**
**33,251**
**(4,711)**
**28,540**
**1,118**
**-**
**1,118**
**12,568**
**-**
**12,568**
**-**
**(303)**
**(303)**
**16,027**
**(15,830)**
**197**
**33,250**
**-**
**33,250**
**398,325**
**(184,809)**
**213,516**
**541,418**
**(194,026)**
**347,392**| |---|---| continued... Page 19 ## **THE VC GALLERY** ## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021** ## **12. MOVEMENT IN FUNDS - continued** ## **Comparatives for movement in funds** |**Unrestricted funds**
General fund
**Restricted funds**
National Lottery Awards For All
Armed Forces Grant
SDF Funding
PED Town regeneration
Under the bridge
Police Crime Commissioner
Pembrokshire County Council - Peer Mentor
**TOTAL FUNDS**
Comparative net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**Restricted funds**
Armed Forces Grant
SDF Funding
PED Town regeneration
Police Crime Commissioner
Pembrokshire County Council - Peer Mentor
**TOTAL FUNDS**|Net
movement
At
At 1.4.19
in funds
31.3.20
£
£
£
2,168
18,255
20,423
2,620
-
2,620
14,906
6,938
21,844
974
6,169
7,143
2,359
(301)
2,058
982
-
982
-
7,354
7,354
-
15,119
15,119
21,841
35,279
57,120
24,009
53,534
77,543
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
100,865
(82,610)
18,255
29,269
(22,331)
6,938
6,301
(132)
6,169
(16)
(285)
(301)
9,850
(2,496)
7,354
20,000
(4,881)
15,119
65,404
(30,125)
35,279
166,269
(112,735)
53,534| |---|---| continued... Page 20 ## **THE VC GALLERY** ## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021** ## **12. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
Designated fund - school purchase
**Restricted funds**
National Lottery Awards For All
Armed Forces Grant
SDF Funding
PED Town regeneration
Under the bridge
Police Crime Commissioner
Pembrokshire County Council - Peer Mentor
PCC Social Media Enhancing Pembrokeshire
Grant
CF In Wales
Moondance Foundation
Arts Council for Wales
PAVS
Armed Forces Covenant
Baring Foundation
Pembrokeshire Association
Hywel Dda Carers Grant
Armed Forces Into the blue
Armed Forces Peer Mentor
Armed Forces Dig for Victory
PCNPA Power of Pembs
Armed Forces Carmarthenshire County Council
Positive Pathways
Caring with the VC
The Brightside - South Hook LNG
Volunteer Coordinator
PCC Counselling
3D for The Third Age
Tackling Loneliness
Art of Memories
**TOTAL FUNDS**|Net
movement
At 1.4.19
in funds
£
£
2,168
152,131
-
-
2,168
152,131
2,620
-
14,906
6,938
974
6,169
2,359
(5,181)
982
-
-
7,354
-
15,119
-
28,041
-
6,400
-
600
-
(10,653)
-
1,000
-
70,275
-
1,632
-
1,000
-
6,089
-
33,250
-
5,392
-
28,540
-
1,118
-
12,568
-
(303)
-
197
-
-
-
-
-
-
-
-
-
33,250
-
-
21,841
248,795
24,009
400,926|Transfers
between
funds
£
(55,739)
155,000
99,261
(2,620)
(21,844)
(7,143)
2,822
(982)
(7,354)
(2,324)
(28,041)
(6,400)
(600)
11,163
(1,000)
(70,275)
(1,632)
(1,000)
(6,089)
-
(5,392)
(2,153)
(1,118)
(12,568)
303
(168)
4,535
35,000
10,000
2,369
-
13,250
(99,261)
-|At
31.3.21
£
98,560
155,000
253,560
-
-
-
-
-
-
12,795
-
-
-
510
-
-
-
-
-
33,250
-
26,387
-
-
-
29
4,535
35,000
10,000
2,369
33,250
13,250
171,375
424,935| |---|---|---|---| continued... Page 21 ## **THE VC GALLERY** ## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021** ## **12. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**Restricted funds**
Armed Forces Grant
SDF Funding
PED Town regeneration
Police Crime Commissioner
Pembrokshire County Council - Peer Mentor
PCC Social Media Enhancing Pembrokeshire
Grant
CF In Wales
Moondance Foundation
Arts Council for Wales
PAVS
Armed Forces Covenant
Baring Foundation
Pembrokeshire Association
Hywel Dda Carers Grant
Armed Forces Into the blue
Armed Forces Peer Mentor
Armed Forces Dig for Victory
PCNPA Power of Pembs
Armed Forces Carmarthenshire County Council
Positive Pathways
Caring with the VC
Tackling Loneliness
**TOTAL FUNDS**|Incoming
Resources
Movement
resources
expended
in funds
£
£
£
243,958
(91,827)
152,131
29,269
(22,331)
6,938
6,301
(132)
6,169
1,984
(7,165)
(5,181)
9,850
(2,496)
7,354
20,000
(4,881)
15,119
42,200
(14,159)
28,041
20,950
(14,550)
6,400
5,600
(5,000)
600
9,000
(19,653)
(10,653)
1,000
-
1,000
131,986
(61,711)
70,275
8,000
(6,368)
1,632
5,250
(4,250)
1,000
6,375
(286)
6,089
33,250
-
33,250
36,500
(31,108)
5,392
33,251
(4,711)
28,540
1,118
-
1,118
12,568
-
12,568
-
(303)
(303)
16,027
(15,830)
197
33,250
-
33,250
463,729
(214,934)
248,795
707,687
(306,761)
400,926| |---|---| continued... Page 22 ## **THE VC GALLERY** ## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021** ## **13. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 March 2021. Page 23 ## **THE VC GALLERY** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2021** |2021
£
**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**15,003**
Grants
**431,268**
Artist donations
**5,245**
**451,516**
**Other trading activities**
Fundraising events
**-**
Workshop income
**43**
**43**
**Other income**
Covid related income
**89,859**
**Total incoming resources**
**541,418**
**EXPENDITURE**
**Charitable activities**
Wages
**102,399**
Pensions
**2,247**
Rates and water
**415**
Insurance
**1,222**
Light and heat
**184**
Advertising
**1,543**
Sundries
**1,418**
Art supplied and materials
**8,475**
Exhibition materials
**-**
Rent
**15,224**
Travel and subsistence
**4,152**
Training and development
**562**
Subscriptions
**4,256**
Workshop tutor fees
**43,252**
**185,349**
**Support costs**|2020
£
38,703
118,908
4,613
162,224
3,901
144
4,045
-
166,269
52,641
1,818
576
620
568
4,314
-
5,329
2,056
9,350
4,895
1,725
248
19,488
103,628| |---|---| This page does not form part of the statutory financial statements Page 24 ## **THE VC GALLERY** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2021** |2021
£
**Support costs**
**Other**
Telephone
**1,863**
Postage and stationery
**383**
Sundries
**1,048**
Repairs and renewals
**116**
Cleaning
**618**
Clothing
**2,389**
Bookkeeping
**-**
Motor vehicles
**665**
Computer equipment
**835**
**7,917**
**Governance costs**
Accountancy fees
**760**
Total resources expended
**194,026**
**Net income**
**347,392**|2020
£
2,428
169
1,872
924
26
2,168
162
-
638
8,387
720
112,735
53,534| |---|---| This page does not form part of the statutory financial statements Page 25