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2022-03-31-accounts

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 2022

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 2022

Page
Report of the Trustees 1 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8 to 9
Notes to the Financial Statements 10 to 21
Detailed Statement of Financial Activities 22 to 23

THE VC GALLERY

REPORT OF THE TRUSTEES for the Year Ended 31 March 2022

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 2022. 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.

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 2022

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 Bluestone Foundation Hywel Dda UHB Pembrokeshire County Council South Hook LNG The National Lottery Fund 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.

The work of The VC Gallery continued this year with more outdoor activities in response to the Covid-19 restrictions and saw the fruition of our long term strategy to purchase a community base in Pembroke Dock.

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.

In November 2021, The VC Gallery was delighted to be awarded their bronze level of the Investors in Carers award from Hywel Dda UHB, it has opened our eyes and changed practice to ensure carers are at the forefront of our thinking.

Page 2

THE VC GALLERY

REPORT OF THE TRUSTEES for the Year Ended 31 March 2022

ACHIEVEMENT AND PERFORMANCE Key VC Gallery projects during 2021-22.

Pembrokeshire County Council : received money from Welsh Government and through the Welsh Local Government Association (WLGA) to support an increased number of people facing food poverty. This objective is to be achieved by strengthening community food initiatives, under this Food Poverty Grant the VC Gallery received funds to distribute food amongst its members.

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 Gran t the charity ran weekly Carers sessions at our Haverfordwest and Pembroke Dock Galleries bringing together unpaid Carers of people with mental health problems. 23 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 continued our journey towards the Investors in Carers scheme run by Hywel Dda UHB.

Projects funded by The Armed Forces Covenant Fund Trust 21-22

'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).

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.

Round 5, Into the Deep Blue .

A water based project which delivered multiple, adventurous activities based around the beautiful waterways and coast of Pembrokeshire, for the benefit of veterans' mental health and wellbeing. With the help of a veteran mentor, they learnt new skills and built confidence together.

Sustaining Support for Armed Forces Communities . This programme aims to support Armed Forces communities by providing short term funding of up to one year to enable charities to keep delivering projects and services. The VC Gallery we're proud to have been given funding for Core Funding costs for two management positions over a twelve month period.

Page 3

THE VC GALLERY

REPORT OF THE TRUSTEES for the Year Ended 31 March 2022

ACHIEVEMENT AND PERFORMANCE

Force For Change Programme : Through this programme they funded projects that offered support to Armed Forces communities to help with needs that may not have been addressed in the past. The organisation used their grant over a twelve month period to employ a Volunteer Coordinator, to extend their provision for veterans wanting to volunteer with The VC Gallery and offer activities in the evenings to reduce the isolation of those who cannot make their usual day time activities.

Tackling Loneliness . The Tackling Loneliness programme will address social isolation by targeting specific groups within the Armed Forces community who are traditionally harder to reach.The VC Gallery received funding for a two year project operating informal get-togethers with free refreshments, every weekday morning in Pembroke Dock for general chat and company with other veterans, refreshments and help to access digital platforms, with a focus on older veterans in the local area.

Veterans' breakfast clubs . January 2022 saw the start of monthly breakfast clubs for reservists, veterans and their families in Haverfordwest and Pembroke Dock.

FINANCIAL REVIEW

Financial position

The end of the period saw unrestricted financial reserves standing at £300,444 (2021 - £253,560).

Reserves policy

It is the trustees intention to try to maintain reserves at a level equivalent to around six-to-nine months expenditure.

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

Page 4

THE VC GALLERY

REPORT OF THE TRUSTEES for the Year Ended 31 March 2022

Registered office

30 Augustine Way Haverfordwest Pembrokeshire SA61 1NY

Trustees

Mr M Jolly Chairman Mr J Warlow Mr J Beynon Mrs M Bateman Mr S L Hancock Mr M Shuttleworth Ms R Gainfort Treasurer (resigned 1.6.22) Mrs L John (appointed 1.6.22)

Company Secretary

Mr J Beynon

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.

Approved by order of the board of trustees on 17 February 2023 and signed on its behalf by:

Mr M Shuttleworth - Trustee

Page 5

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 2022.

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

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

  2. 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

  3. 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 6

THE VC GALLERY

STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2022

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
58,461
Other trading activities
2
-
Investment income
3
2
Other income
-
Total
58,463
EXPENDITURE ON
Charitable activities
Charitable
11,583
NET INCOME/(EXPENDITURE)
46,880
Transfers between funds
12
(911)
Net movement in funds
45,969
RECONCILIATION OF FUNDS
Total funds brought forward
253,560
TOTAL FUNDS CARRIED FORWARD
299,529		 Restricted
funds
£
167,958
-
-
-
167,958
273,376
(105,418)
911
(104,507)
171,375
66,868		 2022
Total
funds
£
226,419
-
2
-
226,421
284,959
(58,538)
-
(58,538)
424,935
366,397		 2021
Total
funds
£
451,516
43
-
89,859
541,418
194,026
347,392
-
347,392
77,543
424,935

The notes form part of these financial statements

Page 7

THE VC GALLERY

BALANCE SHEET 31 March 2022

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
8
163,055
CURRENT ASSETS
Debtors
9
4,880
Cash at bank and in hand
154,150
159,030
CREDITORS
Amounts falling due within one year
10
(4,541)
NET CURRENT ASSETS
154,489
TOTAL ASSETS LESS CURRENT
LIABILITIES
317,544
NET ASSETS
317,544
FUNDS
12
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
816
1,979
85,762
87,741
(21,693)
66,048
66,864
66,864		 2022
Total
funds
£
163,871
6,859
239,912
246,771
(26,234)
220,537
384,408
384,408
317,544
66,864
384,408		 2021
Total
funds
£
9,326
-
446,139
446,139
(12,519)
433,620
442,946
442,946
271,571
171,375
442,946

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 8

THE VC GALLERY

BALANCE SHEET - continued 31 March 2022

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 17 February 2023 and were signed on its behalf by:

Mr M Shuttleworth - Trustee

The notes form part of these financial statements

Page 9

THE VC GALLERY

NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 March 2022

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 10

THE VC GALLERY

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2022

2. OTHER TRADING ACTIVITIES

2. OTHER TRADING ACTIVITIES
2022 2021
£ £
Workshop income -
43
3. INVESTMENT INCOME
Deposit account interest 2022
£		 2021
£
2
-
4. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets 2022
2021
£
£
1,536
1,500

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.

6. STAFF COSTS

The average monthly number of employees during the year was as follows:

Management
Project leader		 2022
2
6
8		 2021
2
2
4

No employees received emoluments in excess of £60,000.

continued...

Page 11

THE VC GALLERY

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2022

7.
COMPARATIVES FOR THE STATEMENT OF
INCOME AND ENDOWMENTS FROM
Donations and legacies
Other trading activities
Other income
Total
EXPENDITURE ON
Charitable activities
Charitable
NET INCOME
Transfers between funds
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
8.
TANGIBLE FIXED ASSETS
Freehold
property
£
COST
At 1 April 2021
-
Additions
155,000
At 31 March 2022
155,000
DEPRECIATION
At 1 April 2021
-
Charge for year
-
At 31 March 2022
-
NET BOOK VALUE
At 31 March 2022
155,000
At 31 March 2021
-		 FINANCIAL ACTIVITIES
Unrestricted
funds
£
53,191
43
89,859
143,093
9,217
133,876
99,261
233,137
20,423
253,560
Plant and
Motor
machinery
vehicles
£
£
-
6,650
265
-
265
6,650
-
665
40
665
40
1,330
225
5,320
-
5,985		 Restricted
funds
£
398,325
-
-
398,325
184,809
213,516
(99,261)
114,255
57,120
171,375
Computer
equipment
£
5,422
816
6,238
2,081
831
2,912
3,326
3,341		 Total
funds
£
451,516
43
89,859
541,418
194,026
347,392
-
347,392
77,543
424,935
Totals
£
12,072
156,081
168,153
2,746
1,536
4,282
163,871
9,326

continued...

Page 12

THE VC GALLERY

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2022

9.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
10.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 11)
Trade creditors
Social security and other taxes
Pension creditor
Other creditors
Accrued expenses
11.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank overdrafts		 2022
£
6,859
2022
£
18,471
2,485
3,113
587
18
1,560
26,234
2022
£
18,471		 2021
£
-
2021
£
-
12,000
(241)
-
-
760
12,519
2021
£
-

continued...

Page 13

THE VC GALLERY

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2022

12. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Designated fund - school purchase
Various grants for Charitable activites
Restricted funds
Arts Council for Wales
Armed Forces Into the blue
Armed Forces Peer Mentor
Armed Forces Dig for Victory
Caring with the VC
The Brightside - South Hook LNG
Volunteer Coordinator
PCC Counselling
3D for The Third Age
Tackling Loneliness
Art of Memories
Found in the Ground
Carers Support Group
Hywel Dda Befriender
Hywel Dda 2 Befriender
Bluestone
PCC Drop In
Breakfast Club
AFCFT Core Funding 4 Management
Food Poverty Grant
TOTAL FUNDS		 At 1.4.21
£
98,560
155,000
-
253,560
510
33,250
12,795
26,387
29
4,535
35,000
10,000
2,369
33,250
13,250
-
-
-
-
-
-
-
-
-
171,375
424,935		 Net
movement
in funds
£
48,540
(1,790)
134
46,884
1,897
(34,718)
(10,340)
(28,480)
(29)
(3,260)
(30,537)
(1,127)
(825)
(2,349)
4,868
(850)
3,764
3,571
(2,002)
4,718
(10,426)
(724)
(1,853)
3,280
(105,422)
(58,538)		 Transfers
between
funds
£
(2,701)
1,790
-
(911)
-
(282)
-
343
-
-
-
-
-
-
-
850
-
-
-
-
-
-
-
-
911
-		 At
31.3.22
£
144,399
155,000
134
299,533
2,407
(1,750)
2,455
(1,750)
-
1,275
4,463
8,873
1,544
30,901
18,118
-
3,764
3,571
(2,002)
4,718
(10,426)
(724)
(1,853)
3,280
66,864
366,397

continued...

Page 14

THE VC GALLERY

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2022

12. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Designated fund - school purchase
Various grants for Charitable activites
Restricted funds
Arts Council for Wales
Armed Forces Into the blue
Armed Forces Peer Mentor
Armed Forces Dig for Victory
Caring with the VC
The Brightside - South Hook LNG
Volunteer Coordinator
PCC Counselling
3D for The Third Age
Tackling Loneliness
Art of Memories
Found in the Ground
Carers Support Group
Hywel Dda Befriender
Hywel Dda 2 Befriender
Bluestone
PCC Drop In
Breakfast Club
AFCFT Core Funding 4 Management
Food Poverty Grant
TOTAL FUNDS		 Incoming
resources
£
55,832
-
2,631
58,463
2,466
-
-
1
-
-
1,000
-
-
17,500
34,990
640
5,000
31,195
31,194
12,001
1
1,980
23,529
6,461
167,958
226,421		 Resources
Movement
expended
in funds
£
£
(7,292)
48,540
(1,790)
(1,790)
(2,497)
134
(11,579)
46,884
(569)
1,897
(34,718)
(34,718)
(10,340)
(10,340)
(28,481)
(28,480)
(29)
(29)
(3,260)
(3,260)
(31,537)
(30,537)
(1,127)
(1,127)
(825)
(825)
(19,849)
(2,349)
(30,122)
4,868
(1,490)
(850)
(1,236)
3,764
(27,624)
3,571
(33,196)
(2,002)
(7,283)
4,718
(10,427)
(10,426)
(2,704)
(724)
(25,382)
(1,853)
(3,181)
3,280
(273,380)
(105,422)
(284,959)
(58,538)

continued...

Page 15

THE VC GALLERY

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2022

12. MOVEMENT IN FUNDS - continued

Comparatives for 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		 At 1.4.20
£
20,423
-
20,423
2,620
21,844
7,143
2,058
982
7,354
15,119
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
57,120
77,543		 Net
movement
in funds
£
133,876
-
133,876
-
-
-
(4,880)
-
-
-
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
-
213,516
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 16

THE VC GALLERY

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2022

12. MOVEMENT IN FUNDS - continued

Comparative 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
£
143,093
2,000
42,200
20,950
5,600
9,000
1,000
131,986
8,000
5,250
6,375
33,250
36,500
33,251
1,118
12,568
-
16,027
33,250
398,325
541,418		 Resources
Movement
expended
in funds
£
£
(9,217)
133,876
(6,880)
(4,880)
(14,159)
28,041
(14,550)
6,400
(5,000)
600
(19,653)
(10,653)
-
1,000
(61,711)
70,275
(6,368)
1,632
(4,250)
1,000
(286)
6,089
-
33,250
(31,108)
5,392
(4,711)
28,540
-
1,118
-
12,568
(303)
(303)
(15,830)
197
-
33,250
(184,809)
213,516
(194,026)
347,392

continued...

Page 17

THE VC GALLERY

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2022

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
Various grants for Charitable activites
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
Found in the Ground
Carers Support Group
Hywel Dda Befriender
Hywel Dda 2 Befriender
Bluestone
PCC Drop In
Breakfast Club
AFCFT Core Funding 4 Management		 At 1.4.20
£
20,423
-
-
20,423
2,620
21,844
7,143
2,058
982
7,354
15,119
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Net
movement
in funds
£
182,416
(1,790)
134
180,760
-
-
-
(4,880)
-
-
-
28,041
6,400
600
(8,756)
1,000
70,275
1,632
1,000
6,089
(1,468)
(4,948)
60
1,118
12,568
(303)
168
(3,260)
(30,537)
(1,127)
(825)
30,901
4,868
(850)
3,764
3,571
(2,002)
4,718
(10,426)
(724)
(1,853)		 Transfers
between
funds
£
(58,440)
156,790
-
98,350
(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)
(282)
(5,392)
(1,810)
(1,118)
(12,568)
303
(168)
4,535
35,000
10,000
2,369
-
13,250
850
-
-
-
-
-
-
-		 At
31.3.22
£
144,399
155,000
134
299,533
-
-
-
-
-
-
12,795
-
-
-
2,407
-
-
-
-
-
(1,750)
(10,340)
(1,750)
-
-
-
-
1,275
4,463
8,873
1,544
30,901
18,118
-
3,764
3,571
(2,002)
4,718
(10,426)
(724)
(1,853)

continued...

Page 18

THE VC GALLERY

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2022

12.
MOVEMENT IN FUNDS - continued
Food Poverty Grant
TOTAL FUNDS		 -
57,120
77,543		 3,280
108,094
288,854		 -
(98,350)
-		 3,280
66,864
366,397

continued...

Page 19

THE VC GALLERY

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2022

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
Designated fund - school purchase
Various grants for Charitable activites
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
The Brightside - South Hook LNG
Volunteer Coordinator
PCC Counselling
3D for The Third Age
Tackling Loneliness
Art of Memories
Found in the Ground
Carers Support Group
Hywel Dda Befriender
Hywel Dda 2 Befriender
Bluestone
PCC Drop In
Breakfast Club
AFCFT Core Funding 4 Management
Food Poverty Grant
TOTAL FUNDS		 Incoming
resources
£
198,925
-
2,631
201,556
2,000
42,200
20,950
5,600
11,466
1,000
131,986
8,000
5,250
6,375
33,250
36,500
33,252
1,118
12,568
-
16,027
-
1,000
-
-
50,750
34,990
640
5,000
31,195
31,194
12,001
1
1,980
23,529
6,461
566,283
767,839		 Resources
Movement
expended
in funds
£
£
(16,509)
182,416
(1,790)
(1,790)
(2,497)
134
(20,796)
180,760
(6,880)
(4,880)
(14,159)
28,041
(14,550)
6,400
(5,000)
600
(20,222)
(8,756)
-
1,000
(61,711)
70,275
(6,368)
1,632
(4,250)
1,000
(286)
6,089
(34,718)
(1,468)
(41,448)
(4,948)
(33,192)
60
-
1,118
-
12,568
(303)
(303)
(15,859)
168
(3,260)
(3,260)
(31,537)
(30,537)
(1,127)
(1,127)
(825)
(825)
(19,849)
30,901
(30,122)
4,868
(1,490)
(850)
(1,236)
3,764
(27,624)
3,571
(33,196)
(2,002)
(7,283)
4,718
(10,427)
(10,426)
(2,704)
(724)
(25,382)
(1,853)
(3,181)
3,280
(458,189)
108,094
(478,985)
288,854

continued...

Page 20

THE VC GALLERY

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2022

13. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2022.

Page 21

THE VC GALLERY

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2022

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Grants
Artist donations
Rental income
Other trading activities
Workshop income
Investment income
Deposit account interest
Other income
Covid related income
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Pensions
Rates and water
Insurance
Light and heat
Advertising
Sundries
Art supplied and materials
Rent
Travel and subsistence
Training and development
Subscriptions
Workshop tutor fees
Workshop expenditure
Volunteer expenses
Support costs
Finance
Bank charges		 2022
£
56,156
158,593
-
11,670
226,419
-
2
-
226,421
174,856
2,794
5,139
2,411
4,107
1,114
12
451
245
9,082
2,856
706
-
50,480
1,171
255,424
49		 2021
£
15,003
431,268
5,245
-
451,516
43
-
89,859
541,418
102,399
2,247
415
1,222
184
1,543
1,418
8,475
15,224
4,152
562
4,256
43,252
-
-
185,349
-

This page does not form part of the statutory financial statements

Page 22

THE VC GALLERY

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2022

Finance
Other
Telephone
Postage and stationery
Sundries
Repairs and renewals
Cleaning
Clothing
Bookkeeping
Professional fees
Fees/Charges
Plant and machinery
Motor vehicles
Computer equipment
Governance costs
Accountancy fees
Total resources expended
Net (expenditure)/income		 2022
£
3,478
319
11,503
2,048
16
-
5,670
3,692
424
40
665
831
28,686
800
284,959
(58,538)		 2021
£
1,863
383
1,048
116
618
2,389
-
-
-
-
665
835
7,917
760
194,026
347,392

This page does not form part of the statutory financial statements

Page 23