**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 2024**
## **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 2024**
|||**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 2024**
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 2024. 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 2024**
## **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 Bluestone Foundation Hywel Davies Estate Hywel Dda UHB National Lottery Awards for All. Pembrokeshire County Council Valero
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 arts facilitation and renewed emphasis at our Dig for Victory outdoor allotment, offering homemade soups and targeting support for those in need of Green prescription. The charities purchase of a community base in Pembroke Dock saw its second full year completed, working alongside other third sector organisations to combat the significant impact the cost of living crisis had on our community. Food and fuel poverty were key issues our community faced and we continued to be part of the Warm Room scheme and were supported financially to purchase more items for our kitchen along with food and refreshments to offer a warm meal three times per week, for those struggling both financially and through isolation.
We offered 6 freelance artists contracts throughout the year, enjoying more arts offering for our members with learning disabilities and continued to employ 7 staff on The Living Wage. Attendance at our hubs increased with 50/60 people per day and feeding 60 people at our communal lunch, weekly. Our volunteer core expanded, finishing the year with a total of 70 volunteers made up of veterans and community.
The VC Gallery continued their Investors in Carers award from Hywel Dda UHB work and submitted their evidence towards the silver level. Carers were supported within the galleries on a daily basis and all staff trained to identify them.
Page 2
**THE VC GALLERY**
## **REPORT OF THE TRUSTEES for the Year Ended 31 March 2024**
## **ACHIEVEMENT AND PERFORMANCE Key VC Gallery projects during 2022-23**
**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 year in particular found us supporting more people with the cost-of-living crisis and being part of the Keep Warm Keep Well scheme combined warmth, welfare support and guidance with a nutritional meal. The objective was achieved by strengthening community food initiatives, under this Food Poverty Grant the VC Gallery received funds to distribute food amongst its members. We offered cooked meals on a weekly basis in Pembroke Dock,Haverfordwest and St Ishmaels.
**Hywel Davies Trust** , William Hywel John Davies was a Pembrokeshire philanthropist and campaigner for disadvantaged people across the world. He was a founder member of Hearing Voices Pembrokeshire, Mind Pembrokeshire and Pembrokeshire Mental Health Advocacy. Sadly, in March 2020 Hywel passed away and his legacy was distributed amongst local charities. The VC Gallery have used these funds for four separate projects; an art project 'Isolation Innovation', a substance misuse support project called 'Windows of Opportunity' offering 1:1 specialist service, the Pembrokeshire galleries and finally to further the aims of our successful allotment project Dig for Victory which was also added to kindly by **Valero** , with a generous donation of £6,750.
**Hywel Dda UHB** ; funded salaries of a mental health Befriender and a Financial worker at the start of 2023-24, through Community Wellbeing 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, seated exercise, jewellery making 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.
Projects funded by **The Armed Forces Covenant Fund Trust** 23-24.
'Special thanks must be given to The Armed Forces Covenant Fund Trust. 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).
**Tackling Loneliness Continuation grant** , which we match funded with a grant from the **Enhancing Pembrokeshire fund** , via **Pembrokeshire County Council** . The Tackling Loneliness programme addresses social isolation by targeting specific groups within the Armed Forces community who are traditionally harder to reach. The VC Gallery received funding to continue our work for a final year employing a peer mentor to operate 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, visiting them in their homes for additional help.
Through the **Force for Change programme** , the **AFCFT** funded our lunch club and food offerings, which made a real difference to Armed Forces communities locally. The programme supported projects that offer support to Armed Forces communities to help with needs that may not have been addressed in the past. We utilised this grant to connect the needs of the veterans supported through our tackling loneliness grant to the lunch club and other support offered.
**Veterans' Places, Pathways and People programme** , the **AFCFT** . This programme awarded 10 significant grants to portfolios of projects, which will work regionally to develop better, more joined up lasting support for local Veterans with mental health needs. The VC Gallery was proud to be a project within a portfolio and supported by offering knowledge, expertise and information and access to our services for any veteran and their families, and strengthened the networks across Wales.
## **FINANCIAL REVIEW Financial position**
The end of the period saw unrestricted financial reserves standing at £327,040 (2023 - £399,781).
Page 3
**THE VC GALLERY**
## **REPORT OF THE TRUSTEES for the Year Ended 31 March 2024**
## **FINANCIAL REVIEW**
## **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
## **Registered office**
30 Augustine Way Haverfordwest Pembrokeshire SA61 1NY
## **Trustees**
Mr M Jolly Chairman Mr J Warlow Mr J Beynon Treasurer Mrs M Bateman Mr S L Hancock Mr M Shuttleworth Mrs L John Treasurer (resigned 2.4.23)
## **Company Secretary**
Mr J Beynon
Page 4
**THE VC GALLERY**
## **REPORT OF THE TRUSTEES for the Year Ended 31 March 2024**
## **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.
We also value the help and support that Pembrokeshire College have given the Charity through their supply of digital upskilling lessons to all involved with The VC Gallery.
Approved by order of the board of trustees on 31 January 2025 and signed on its behalf by:
Mr J Beynon - 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 2024.
## **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 member of the Association of Chartered Certified Accountants, 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
The Association of Chartered Certified Accountants
L M Griffiths & Co Limited Chartered Certified Accountants 1&2 Merlins Court Winch Lane Haverfordwest Pembrokeshire SA61 1SB
31 January 2025
Page 6
**THE VC GALLERY**
## **STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2024**
|Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**86,292**
Other trading activities
2
**3,627**
Investment income
3
**1,096**
**Total**
**91,015**
**EXPENDITURE ON**
**Charitable activities**
Charitable
**102,114**
**NET INCOME/(EXPENDITURE)**
**(11,099)**
**Transfers between funds**
12
**(61,641)**
**Net movement in funds**
**(72,740)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**399,780**
**TOTAL FUNDS CARRIED FORWARD**
**327,040**|Restricted
funds
£
**171,395**
**-**
**-**
**171,395**
**285,218**
**(113,823)**
**61,641**
**(52,182)**
**67,881**
**15,699**|**2024**
**Total**
**funds**
**£**
**257,687**
**3,627**
**1,096**
**262,410**
**387,332**
**(124,922)**
**-**
**(124,922)**
**467,661**
**342,739**|2023
Total
funds
£
430,036
4,585
294
434,915
333,651
101,264
-
101,264
366,397
467,661|
|---|---|---|---|
The notes form part of these financial statements
Page 7
## **THE VC GALLERY**
## **BALANCE SHEET 31 March 2024**
|Unrestricted
funds
Notes
£
**FIXED ASSETS**
Tangible assets
8
**161,281**
**CURRENT ASSETS**
Debtors
9
**12,802**
Cash at bank and in hand
**196,812**
**209,614**
**CREDITORS**
Amounts falling due within one year
10
**(25,846)**
**NET CURRENT ASSETS**
**183,768**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**345,049**
**NET ASSETS**
**345,049**
**FUNDS**
12
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Restricted
funds
£
**-**
**29,288**
**7,240**
**36,528**
**(20,827)**
**15,701**
**15,701**
**15,701**|**2024**
**Total**
**funds**
**£**
**161,281**
**42,090**
**204,052**
**246,142**
**(46,673)**
**199,469**
**360,750**
**360,750**
**345,049**
**15,701**
**360,750**|2023
Total
funds
£
162,507
48,306
348,249
396,555
(73,390)
323,165
485,672
485,672
417,791
67,881
485,672|
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 notes form part of these financial statements
continued...
Page 8
**THE VC GALLERY**
## **BALANCE SHEET - continued 31 March 2024**
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 31 January 2025 and were signed on its behalf by:
Mr J Beynon - 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 2024**
## **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 2024**
## **2. OTHER TRADING ACTIVITIES**
|**2.**|**OTHER TRADING ACTIVITIES**|||
|---|---|---|---|
|||**2024**|2023|
|||**£**|£|
||Workshop income|**1,102**|4,585|
||Sponsorships|**2,525**|-|
|||**3,627**|4,585|
|**3.**|**INVESTMENT INCOME**|||
||Deposit account interest|**2024**
**£**
**1,096**|2023
£
294|
|**4.**|**NET INCOME/(EXPENDITURE)**|||
||Net income/(expenditure) is stated after charging/(crediting):|||
||Depreciation - owned assets|**2024**
**£**
**1,226**|2023
£
1,364|
## **5. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
## **6. STAFF COSTS**
The average monthly number of employees during the year was as follows:
|Management
Project leader|**2024**
**2**
**8**
**10**|2023
2
6
8|
|---|---|---|
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 2024**
## **7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Other trading activities
Investment 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 2023 and
31 March 2024
**155,000**
**DEPRECIATION**
At 1 April 2023
**-**
Charge for year
**-**
At 31 March 2024
**-**
**NET BOOK VALUE**
At 31 March 2024
**155,000**
At 31 March 2023
155,000|Plant and
machinery
£
**265**
**74**
**28**
**102**
**163**
191|Unrestricted
funds
£
79,404
4,585
294
84,283
19,032
65,251
34,997
100,248
299,533
399,781
Motor
vehicles
£
**6,650**
**1,995**
**665**
**2,660**
**3,990**
4,655|Restricted
funds
£
350,632
-
-
350,632
314,619
36,013
(34,997)
1,016
66,864
67,880
Computer
equipment
£
**6,238**
**3,577**
**533**
**4,110**
**2,128**
2,661|Total
funds
£
430,036
4,585
294
434,915
333,651
101,264
-
101,264
366,397
467,661
Totals
£
**168,153**
**5,646**
**1,226**
**6,872**
**161,281**
162,507|
|---|---|---|---|---|
continued...
Page 12
**THE VC GALLERY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2024**
## **9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Trade debtors
Other debtors
Prepayments and accrued income
**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|**2024**
**£**
**22,463**
**339**
**19,288**
**42,090**
**2024**
**£**
**-**
**29,391**
**4,795**
**567**
**10,000**
**1,920**
**46,673**
**2024**
**£**
**-**|2023
£
46,627
-
1,679
48,306
2023
£
60,318
5,808
4,140
537
1,387
1,200
73,390
2023
£
60,318|
|---|---|---|
continued...
Page 13
**THE VC GALLERY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2024**
## **12. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
Designated fund - school purchase
Various grants for Charitable activities
**Restricted funds**
Tackling Loneliness
Hywel Dda 2 Befriender
AFCFT Core Funding 4 Management
Isolation Innovation Project
Pembrokeshire To London
Harm Reduction Windows of Opportunity
Valero D4V
Community Hub & Spoke
Hywel dda Apr-24
SPF - Minivan Apr-Nov24
PCC TL continuation tackling loneliness
Awards 4 all - fantasy project lotto
H D 3 Veteran SLA
LD Fantasy world LNG
V4P VC Pathways
Pembs local food p/ship
Time out for carers
National grid
Legacy D4V H D
**TOTAL FUNDS**|At 1.4.23
£
**244,735**
**155,000**
**45**
**399,780**
**(355)**
**(14,229)**
**-**
**9,194**
**-**
**49,772**
**2,142**
**6,565**
**-**
**-**
**9,500**
**-**
**-**
**-**
**4,867**
**-**
**-**
**-**
**425**
**67,881**
**467,661**|Net
movement
in funds
£
**(11,101)**
**-**
**-**
**(11,101)**
**-**
**-**
**2,831**
**(8,145)**
**(368)**
**(49,027)**
**453**
**(7,533)**
**12,239**
**(8,309)**
**(33,416)**
**(268)**
**(16,920)**
**8**
**(4,867)**
**(20)**
**13**
**(95)**
**(397)**
**(113,821)**
**(124,922)**|Transfers
between
funds
£
**(61,641)**
**-**
**-**
**(61,641)**
**355**
**14,229**
**-**
**-**
**368**
**-**
**-**
**968**
**4,523**
**-**
**23,916**
**268**
**16,920**
**(8)**
**-**
**20**
**(13)**
**95**
**-**
**61,641**
**-**|At
31.3.24
£
**171,993**
**155,000**
**45**
**327,038**
**-**
**-**
**2,831**
**1,049**
**-**
**745**
**2,595**
**-**
**16,762**
**(8,309)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**28**
**15,701**
**342,739**|
|---|---|---|---|---|
continued...
Page 14
**THE VC GALLERY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2024**
## **12. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
PCC Drop In
Breakfast Club
AFCFT Core Funding 4 Management
Food Poverty Grant
Isolation Innovation Project
Pembrokeshire To London
Harm Reduction Windows of Opportunity
Valero D4V
Community Hub & Spoke
Hywel dda Apr-24
SPF - Minivan Apr-Nov24
SPF - Woods
PCC TL continuation tackling loneliness
Awards 4 all - fantasy project lotto
H D 3 Veteran SLA
LD Fantasy world LNG
V4P VC Pathways
Pembs local food p/ship
Time out for carers
National grid
Legacy D4V H D
Outdoor connection lawnmower
Windows port authority
**TOTAL FUNDS**|Incoming
resources
£
**91,015**
**10,000**
**2,500**
**6,537**
**15,000**
**(1)**
**-**
**-**
**6,751**
**-**
**17,339**
**1**
**1,948**
**(1)**
**9,845**
**50,999**
**5,000**
**23,750**
**3,000**
**2,999**
**8,900**
**400**
**1,500**
**4,928**
**171,395**
**262,410**|Resources
Movement
expended
in funds
£
£
**(102,116)**
**(11,101)**
**(10,000)**
**-**
**(2,500)**
**-**
**(3,706)**
**2,831**
**(15,000)**
**-**
**(8,144)**
**(8,145)**
**(368)**
**(368)**
**(49,027)**
**(49,027)**
**(6,298)**
**453**
**(7,533)**
**(7,533)**
**(5,100)**
**12,239**
**(8,310)**
**(8,309)**
**(1,948)**
**-**
**(33,415)**
**(33,416)**
**(10,113)**
**(268)**
**(67,919)**
**(16,920)**
**(4,992)**
**8**
**(28,617)**
**(4,867)**
**(3,020)**
**(20)**
**(2,986)**
**13**
**(8,995)**
**(95)**
**(797)**
**(397)**
**(1,500)**
**-**
**(4,928)**
**-**
**(285,216)**
**(113,821)**
**(387,332)**
**(124,922)**|
|---|---|---|
continued...
Page 15
**THE VC GALLERY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2024**
## **12. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
Designated fund - school purchase
Various grants for Charitable activities
**Restricted funds**
Pembrokeshire County Council - Peer
Mentor
Arts Council for Wales
Armed Forces Into the blue
Armed Forces Dig for Victory
The Brightside - South Hook LNG
Volunteer Coordinator
PCC Counselling
3D for The Third Age
Tackling Loneliness
Art of Memories
Carers Support Group
Hywel Dda Befriender
Hywel Dda 2 Befriender
Bluestone
PCC Drop In
Breakfast Club
AFCFT Core Funding 4 Management
BLUESTON & DARWIN
Food Poverty Grant
Isolation Innovation Project
Pembrokeshire To London
Harm Reduction Windows of Opportunity
V4P AFCFT
Windows of Opportunity - Steve Townley
LDFV
PCC Warm Home Spaces
Millenium Stadium
Valero D4V
Bench Fund
Community Hub & Spoke
T L Continuation AFCFT
**TOTAL FUNDS**|At 1.4.22
£
144,399
155,000
134
299,533
2,455
2,407
(1,750)
(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|Net
movement
in funds
£
59,831
(36)
5,455
65,250
-
(1)
1,750
2,175
-
(3,303)
(150)
-
(30,946)
(8,641)
(3,908)
-
(12,227)
-
10,423
(72)
1,811
(100)
(2,117)
9,194
(302)
49,772
4,867
168
(2,874)
2,862
(471)
2,142
(103)
6,565
9,500
36,014
101,264|Transfers
between
funds
£
40,505
36
(5,544)
34,997
(2,455)
(2,406)
-
-
(1,275)
(1,160)
(8,723)
(1,544)
(310)
(9,477)
144
(3,571)
-
(4,718)
3
796
42
100
(1,163)
-
302
-
-
(168)
2,874
(2,862)
471
-
103
-
-
(34,997)
-|At
31.3.23
£
244,735
155,000
45
399,780
-
-
-
425
-
-
-
-
(355)
-
-
-
(14,229)
-
-
-
-
-
-
9,194
-
49,772
4,867
-
-
-
-
2,142
-
6,565
9,500
67,881
467,661|
|---|---|---|---|---|
continued...
Page 16
**THE VC GALLERY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2024**
## **12. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Designated fund - school purchase
Various grants for Charitable activities
**Restricted funds**
Arts Council for Wales
Armed Forces Into the blue
Armed Forces Dig for Victory
Volunteer Coordinator
PCC Counselling
Tackling Loneliness
Art of Memories
Carers Support Group
Hywel Dda 2 Befriender
PCC Drop In
Breakfast Club
AFCFT Core Funding 4 Management
BLUESTON & DARWIN
Food Poverty Grant
Isolation Innovation Project
Pembrokeshire To London
Harm Reduction Windows of Opportunity
V4P AFCFT
Windows of Opportunity - Steve Townley
LDFV
PCC Warm Home Spaces
Millenium Stadium
Valero D4V
Bench Fund
Community Hub & Spoke
T L Continuation AFCFT
**TOTAL FUNDS**|Incoming
resources
£
76,747
-
7,536
84,283
-
1,750
7,751
981
-
34,123
1,750
2,400
62,387
20,001
6,353
26,007
-
7,751
9,500
8,981
72,000
37,500
3,402
13,545
2,970
7,500
6,500
380
7,600
9,500
350,632
434,915|Resources
Movement
expended
in funds
£
£
(16,916)
59,831
(36)
(36)
(2,081)
5,455
(19,033)
65,250
(1)
(1)
-
1,750
(5,576)
2,175
(4,284)
(3,303)
(150)
(150)
(65,069)
(30,946)
(10,391)
(8,641)
(6,308)
(3,908)
(74,614)
(12,227)
(9,578)
10,423
(6,425)
(72)
(24,196)
1,811
(100)
(100)
(9,868)
(2,117)
(306)
9,194
(9,283)
(302)
(22,228)
49,772
(32,633)
4,867
(3,234)
168
(16,419)
(2,874)
(108)
2,862
(7,971)
(471)
(4,358)
2,142
(483)
(103)
(1,035)
6,565
-
9,500
(314,618)
36,014
(333,651)
101,264|
|---|---|---|
continued...
Page 17
**THE VC GALLERY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2024**
## **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 activities
**Restricted funds**
Pembrokeshire County Council - Peer
Mentor
Arts Council for Wales
Armed Forces Into the blue
Armed Forces Dig for Victory
The Brightside - South Hook LNG
Volunteer Coordinator
PCC Counselling
3D for The Third Age
Tackling Loneliness
Art of Memories
Carers Support Group
Hywel Dda Befriender
Hywel Dda 2 Befriender
Bluestone
PCC Drop In
Breakfast Club
AFCFT Core Funding 4 Management
BLUESTON & DARWIN
Food Poverty Grant
Isolation Innovation Project
Pembrokeshire To London
Harm Reduction Windows of Opportunity
V4P AFCFT
Windows of Opportunity - Steve Townley
LDFV
PCC Warm Home Spaces
Millenium Stadium
Valero D4V
Bench Fund
Community Hub & Spoke
T L Continuation AFCFT
Hywel dda Apr-24
SPF - Minivan Apr-Nov24
PCC TL continuation tackling loneliness
Awards 4 all - fantasy project lotto
H D 3 Veteran SLA
LD Fantasy world LNG
V4P VC Pathways|At 1.4.22
£
144,399
155,000
134
299,533
2,455
2,407
(1,750)
(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
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|Net
movement
in funds
£
48,730
(36)
5,455
54,149
-
(1)
1,750
2,175
-
(3,303)
(150)
-
(30,946)
(8,641)
(3,908)
-
(12,227)
-
10,423
(72)
4,642
(100)
(2,117)
1,049
(670)
745
4,867
168
(2,874)
2,862
(471)
2,595
(103)
(968)
9,500
12,239
(8,309)
(33,416)
(268)
(16,920)
8
(4,867)|Transfers
between
funds
£
(21,136)
36
(5,544)
(26,644)
(2,455)
(2,406)
-
-
(1,275)
(1,160)
(8,723)
(1,544)
45
(9,477)
144
(3,571)
14,229
(4,718)
3
796
42
100
(1,163)
-
670
-
-
(168)
2,874
(2,862)
471
-
103
968
-
4,523
-
23,916
268
16,920
(8)
-|At
31.3.24
£
171,993
155,000
45
327,038
-
-
-
425
-
-
-
-
-
-
-
-
-
-
-
-
2,831
-
-
1,049
-
745
4,867
-
-
-
-
2,595
-
-
9,500
16,762
(8,309)
(9,500)
-
-
-
(4,867)|
|---|---|---|---|---|
continued...
Page 18
**THE VC GALLERY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2024**
## **12. MOVEMENT IN FUNDS - continued**
|Pembs local food p/ship
Time out for carers
National grid
Legacy D4V H D
**TOTAL FUNDS**|-
-
-
-
66,864
366,397|(20)
13
(95)
(397)
(77,807)
(23,658)|20
(13)
95
-
26,644
-|-
-
-
(397)
15,701
342,739|
|---|---|---|---|---|
continued...
Page 19
**THE VC GALLERY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2024**
## **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 activities
**Restricted funds**
Arts Council for Wales
Armed Forces Into the blue
Armed Forces Dig for Victory
Volunteer Coordinator
PCC Counselling
Tackling Loneliness
Art of Memories
Carers Support Group
Hywel Dda 2 Befriender
PCC Drop In
Breakfast Club
AFCFT Core Funding 4 Management
BLUESTON & DARWIN
Food Poverty Grant
Isolation Innovation Project
Pembrokeshire To London
Harm Reduction Windows of Opportunity
V4P AFCFT
Windows of Opportunity - Steve Townley
LDFV
PCC Warm Home Spaces
Millenium Stadium
Valero D4V
Bench Fund
Community Hub & Spoke
T L Continuation AFCFT
Hywel dda Apr-24
SPF - Minivan Apr-Nov24
SPF - Woods
PCC TL continuation tackling loneliness
Awards 4 all - fantasy project lotto
H D 3 Veteran SLA
LD Fantasy world LNG
V4P VC Pathways
Pembs local food p/ship
Time out for carers
National grid
Legacy D4V H D
Outdoor connection lawnmower|Incoming
resources
£
167,762
-
7,536
175,298
-
1,750
7,751
981
-
34,123
1,750
2,400
62,387
30,001
8,853
32,544
-
22,751
9,499
8,981
72,000
37,500
3,402
13,545
2,970
7,500
13,251
380
7,600
9,500
17,339
1
1,948
(1)
9,845
50,999
5,000
23,750
3,000
2,999
8,900
400
1,500|Resources
Movement
expended
in funds
£
£
(119,032)
48,730
(36)
(36)
(2,081)
5,455
(121,149)
54,149
(1)
(1)
-
1,750
(5,576)
2,175
(4,284)
(3,303)
(150)
(150)
(65,069)
(30,946)
(10,391)
(8,641)
(6,308)
(3,908)
(74,614)
(12,227)
(19,578)
10,423
(8,925)
(72)
(27,902)
4,642
(100)
(100)
(24,868)
(2,117)
(8,450)
1,049
(9,651)
(670)
(71,255)
745
(32,633)
4,867
(3,234)
168
(16,419)
(2,874)
(108)
2,862
(7,971)
(471)
(10,656)
2,595
(483)
(103)
(8,568)
(968)
-
9,500
(5,100)
12,239
(8,310)
(8,309)
(1,948)
-
(33,415)
(33,416)
(10,113)
(268)
(67,919)
(16,920)
(4,992)
8
(28,617)
(4,867)
(3,020)
(20)
(2,986)
13
(8,995)
(95)
(797)
(397)
(1,500)
-|
|---|---|---|
continued...
Page 20
**THE VC GALLERY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2024**
## **12. MOVEMENT IN FUNDS - continued**
|Windows port authority
**TOTAL FUNDS**|4,928
522,027
697,325|(4,928)
(599,834)
(720,983)|-
(77,807)
(23,658)|
|---|---|---|---|
## **13. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2024.
Page 21
**THE VC GALLERY**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2024**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Grants
Rental income
**Other trading activities**
Workshop income
Sponsorships
**Investment income**
Deposit account interest
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Wages
Pensions
Rates and water
Insurance
Light and heat
Advertising
Art supplied and materials
Exhibition materials
Rent
Travel and subsistence
Training and development
Subscriptions
Workshop expenditure
Volunteer expenses
Artist fees
**Support costs**
**Finance**
Bank charges|2024
£
**36,702**
**194,721**
**26,264**
**257,687**
**1,102**
**2,525**
**3,627**
**1,096**
**262,410**
**211,216**
**2,389**
**-**
**7,028**
**26,943**
**1,844**
**2,021**
**2,329**
**4,200**
**8,331**
**430**
**7,559**
**22,333**
**4,271**
**14,905**
**315,799**
**1,219**|2023
£
27,740
389,871
12,425
430,036
4,585
-
4,585
294
434,915
176,539
2,458
3,517
852
10,299
1,920
2,884
1,074
9,075
10,766
6,033
1,261
75,784
4,525
-
306,987
741|
|---|---|---|
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 2024**
|**Finance**
**Other**
Telephone
Postage and stationery
Sundries
Repairs and renewals
Cleaning
Clothing
Bookkeeping
Fees/Charges
General expenses
Mobile home costs
Flat expenses
Plant and machinery
Motor vehicles
Computer equipment
**Governance costs**
Accountancy fees
Total resources expended
**Net (expenditure)/income**|2024
£
**2,909**
**10,408**
**-**
**24,269**
**2,509**
**1,114**
**8,952**
**311**
**9,112**
**4,929**
**2,655**
**29**
**665**
**532**
**68,394**
**1,920**
**387,332**
**(124,922)**|2023
£
2,833
3,605
295
7,212
340
-
8,777
297
-
-
-
34
665
665
24,723
1,200
333,651
101,264|
|---|---|---|
This page does not form part of the statutory financial statements
Page 23