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← The VC Gallery

2025-03-31-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 2025

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 2025

Page
Report of the Trustees 1 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8 to 9
Cash Flow Statement 10
Notes to the Cash Flow Statement 11
Notes to the Financial Statements 12 to 23
Detailed Statement of Financial Activities 24 to 25

THE VC GALLERY

REPORT OF THE TRUSTEES for the Year Ended 31 March 2025

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 2025. 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, poverty or financial hardship, including veterans, serving members of the armed forces and their families. It achieves this through the provision of accessible, welcoming community hubs and opportunities for activity, creativity, learning, connection and practical support.

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 VC Gallery operates across Pembrokeshire and also supports people from Carmarthenshire and Ceredigion who access the charity's services.

The trustees confirm that they have referred to the Charity Commission's guidance on public benefit when reviewing the charity's aims and objectives, and in planning future activities.

Page 1

THE VC GALLERY

REPORT OF THE TRUSTEES for the Year Ended 31 March 2025

STRATEGIC REPORT

Achievements and performance Charitable activities

The VC Gallery was originally established to support veterans and members of the armed forces coping with the impacts of service, including trauma, anxiety, depression, grief and social isolation. Art and creativity were (and remain) at the heart of our approach, providing a therapeutic outlet and a non-clinical way for individuals to reconnect with themselves and others.

As the charity developed, it became increasingly clear that the barriers affecting veterans-loneliness, poor mental health, poverty, disability, complex life experiences and stigma-were also affecting the wider community. The VC Gallery therefore grew into an inclusive model of prevention, early intervention and community support for anyone who needs it, while retaining a strong commitment to the Armed Forces Community.

The charity now operates from two main community hubs (Pembroke Dock and Haverfordwest), supported by a retail gallery and outdoor growing spaces. Together these sites allow the charity to reach more people across Pembrokeshire, reduce geographic isolation and ensure residents can access meaningful support locally.

Across our hubs, The VC Gallery provides:

The charity's approach is values-led and trauma-informed, ensuring people are welcomed with dignity, kindness and without judgement. Many beneficiaries report that the VC Gallery is the first place they have felt safe to reconnect socially and seek support.During the year, the charity continued to support individuals experiencing multiple disadvantages, including people living with mental ill health, neurodiversity, disability, long-term health conditions, dementia, caring responsibilities, poverty and housing insecurity. The VC Gallery also remained a trusted environment for veterans and their families, providing tailored support, informal peer mentorship and opportunities for connection.

The VC Gallery continued to strengthen co-production and volunteering as a core element of delivery. Volunteer contribution remains critical to the charity's impact and sustainability, with volunteers supporting kitchen delivery, sessions, peer support, outreach, practical tasks and welcoming new members.

Cost of living: food, fuel poverty and warm hub support: The cost-of-living crisis continued to have a significant impact on our communities during the year. Food and fuel poverty remained key issues, and the VC Gallery responded by providing a safe, warm and welcoming environment where people could eat, connect and access further practical support without stigma.Surplus food partnerships continued to play an important role in preventing food waste while improving community access to nutritious meals and ingredients.

Attendance and demand: Demand for VC services continued to increase, with strong daily engagement across both hubs. Attendance reflected continuing community need for connection and wellbeing support, and the trust the VC Gallery has built through its consistent presence, welcoming ethos and 'no wrong door' approach.

Page 2

THE VC GALLERY

REPORT OF THE TRUSTEES for the Year Ended 31 March 2025

STRATEGIC REPORT

Achievements and performance

Fundraising activities

The charity maintains a strong profile in Pembrokeshire and beyond, supported through positive media coverage, community advocacy and partnership working.Income continues to be supported through grants, awards, donations and local fundraising, and the charity is grateful to all organisations and individuals who contribute.The charity would like to thank the following for providing financial support during the year, including (but not limited to):

Armed Forces Covenant Fund Trust Bluestone Foundation Building Communities Trust (BCT) Hywel Dda UHB National Lottery Awards for All Pembrokeshire County Council Valero

The charity also wishes to thank the many individuals, groups, businesses and volunteers who contribute time, skills, supplies and donations. While it is not possible to name everyone, each contribution plays a meaningful role in sustaining the VC Gallery's work.

Key VC Gallery projects during 2024-25

During the reporting period the VC Gallery delivered a broad programme of activity across creativity, mental health and wellbeing, food support, volunteering, carers support and veterans support.

Arts and creativity for wellbeing

The charity delivered regular facilitated creative sessions, using arts as a wellbeing tool. These opportunities supported people to build confidence, reduce isolation, develop skills and, where individuals choose, share experiences within a safe and supportive environment.

Food and community connection

The VC Gallery continued to deliver and expand its communal food offer, including community meals, soup provision and cookery activity. Food provision plays an important role in the VC model as both an immediate support for hardship and as a gateway to wider wellbeing, connection and trust-building.

Veterans support and peer mentorship

The charity continued to provide veterans-focused activity and support, including informal opportunities to connect, peer support and targeted engagement for older and harder-to-reach veterans. Supporting the Armed Forces Community remains central to VC's identity and contribution to local support pathways.

Carers support

The charity continued to develop and strengthen its support for unpaid carers, recognising both the vital role carers play and the high levels of isolation, exhaustion and financial pressure many experience. Support is offered through daily informal contact within our hubs, alongside planned wellbeing opportunities, helping carers to take breaks, connect with others and access practical advice, signposting and support. During the year, The VC Gallery achieved the Silver award in the Investors in Carers scheme, recognising its commitment to identifying, valuing and supporting carers across its delivery.

Outdoor and nature-based wellbeing

The VC Gallery continued to develop outdoor wellbeing provision through its growing spaces, supporting participation in nature-based activity and accessible connection to the outdoors as part of its wider health and wellbeing model.

Page 3

THE VC GALLERY

REPORT OF THE TRUSTEES for the Year Ended 31 March 2025

STRATEGIC REPORT

Financial review

Financial position

The end of the period saw unrestricted financial reserves standing at £404,127 (2024 - £327,040).

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 and develop the activities outlined above in the forthcoming year.

Key priorities include:

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

Page 4

THE VC GALLERY

REPORT OF THE TRUSTEES for the Year Ended 31 March 2025

Trustees

Mr M Jolly Chairman Mr J Warlow Mr J Beynon Treasurer Mrs M Bateman Mr S L Hancock Mr M Shuttleworth

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.

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.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 29 January 2026 and signed on the board's 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 2025.

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

Date: .............................................

Page 6

THE VC GALLERY

STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2025

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
148,037
Other trading activities
3
1,565
Investment income
4
4,668
Other income
88,212
Total
242,482
EXPENDITURE ON
Charitable activities
5
Charitable
143,160
NET INCOME/(EXPENDITURE)
99,322
Transfers between funds
14
(34,751)
Net movement in funds
64,571
RECONCILIATION OF FUNDS
Total funds brought forward
327,038
TOTAL FUNDS CARRIED FORWARD
391,609		 Restricted
funds
£
364,638
-
-
-
364,638
315,922
48,716
34,751
83,467
15,701
99,168		 2025
Total
funds
£
512,675
1,565
4,668
88,212
607,120
459,082
148,038
-
148,038
342,739
490,777		 2024
Total
funds
£
257,687
3,627
1,096
-
262,410
387,332
(124,922)
-
(124,922)
467,661
342,739

The notes form part of these financial statements

Page 7

THE VC GALLERY

BALANCE SHEET 31 March 2025

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
11
160,765
CURRENT ASSETS
Debtors
12
2,256
Cash at bank and in hand
244,900
247,156
CREDITORS
Amounts falling due within one year
13
(16,313)
NET CURRENT ASSETS
230,843
TOTAL ASSETS LESS CURRENT
LIABILITIES
391,608
NET ASSETS
391,608
FUNDS
14
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
33,354
13,328
56,494
69,822
(4,007)
65,815
99,169
99,169		 2025
Total
funds
£
194,119
15,584
301,394
316,978
(20,320)
296,658
490,777
490,777
391,608
99,169
490,777		 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

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The financial statements were approved by the Board of Trustees and authorised for issue on 29 January 2026 and were signed on its behalf by:

The notes form part of these financial statements

continued...

Page 8

THE VC GALLERY

BALANCE SHEET - continued 31 March 2025

Mr J Beynon - Trustee

The notes form part of these financial statements

Page 9

THE VC GALLERY

CASH FLOW STATEMENT for the Year Ended 31 March 2025

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by/(used in) operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
Net cash (used in)/provided by 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		 2025
£
130,438
130,438
(37,764)
4,668
(33,096)
97,342
204,052
301,394		 2024
£
(84,975)
(84,975)
-
1,096
1,096
(83,879)
287,931
204,052

The notes form part of these financial statements

Page 10

THE VC GALLERY

NOTES TO THE CASH FLOW STATEMENT for the Year Ended 31 March 2025

1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income/(expenditure) for the reporting period (as per the Statement
of Financial Activities)
Adjustments for:
Depreciation charges
Interest received
Pre charity reserves to P+L
Decrease in debtors
(Decrease)/increase in creditors
Net cash provided by/(used in) operations		 2025
£
148,038
4,927
(4,668)
(18,012)
26,506
(26,353)
130,438		 2024
£
(124,922)
1,226
(1,096)
-
6,216
33,601
(84,975)

2. ANALYSIS OF CHANGES IN NET FUNDS

Net cash At 1.4.24
£		 Cash flow
£		 At 31.3.25
£
Cash at bank and in hand 204,052 97,342 301,394
204,052 97,342 301,394
Total 204,052 97,342 301,394

The notes form part of these financial statements

Page 11

THE VC GALLERY

NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 March 2025

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 12

THE VC GALLERY

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2025

2.
DONATIONS AND LEGACIES
Donations
Grants
Rental income
3.
OTHER TRADING ACTIVITIES
Workshop income
Sponsorships
4.
INVESTMENT INCOME
Deposit account interest
5.
CHARITABLE ACTIVITIES COSTS
Charitable
6.
SUPPORT COSTS
Charitable		 Finance
£
61		 2025
£
81,704
398,938
32,033
512,675
2025
£
1,565
-
1,565
2025
£
4,668
Support
Direct
costs (see
Costs
note 6)
£
£
357,711
101,371
Governance
Other
costs
£
£
99,123
2,187		 2024
£
36,702
194,721
26,264
257,687
2024
£
1,102
2,525
3,627
2024
£
1,096
Totals
£
459,082
Totals
£
101,371

continued...

Page 13

THE VC GALLERY

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2025

7. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2025 2024
£ £
Depreciation - owned assets 4,926 1,226

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

9. STAFF COSTS

Wages and salaries
Other pension costs
The average monthly number of employees during the year was as follows:
Management
Project leader		 2025
£
259,736
3,695
263,431
2025
2
10
12		 2024
£
211,216
2,389
213,605
2024
2
8
10

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

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
86,292
Other trading activities
3,627
Investment income
1,096
Total
91,015
EXPENDITURE ON
Charitable activities
Charitable
102,114		 Restricted
funds
£
171,395
-
-
171,395
285,218		 Total
funds
£
257,687
3,627
1,096
262,410
387,332

continued...

Page 14

THE VC GALLERY

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2025

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

NET INCOME/(EXPENDITURE)
Transfers between funds
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
11.
TANGIBLE FIXED ASSETS
Freehold
property
£
COST
At 1 April 2024
155,000
Additions
-
At 31 March 2025
155,000
DEPRECIATION
At 1 April 2024
-
Charge for year
-
At 31 March 2025
-
NET BOOK VALUE
At 31 March 2025
155,000
At 31 March 2024
155,000		 Plant and
machinery
£
265
704
969
102
130
232
737
163		 Unrestricted
funds
£
(11,099)
(61,641)
(72,740)
399,780
327,040
Motor
vehicles
£
6,650
37,060
43,710
2,660
4,371
7,031
36,679
3,990		 Restricted
funds
£
(113,823)
61,641
(52,182)
67,881
15,699
Computer
equipment
£
6,238
-
6,238
4,110
425
4,535
1,703
2,128		 Total
funds
£
(124,922)
-
(124,922)
467,661
342,739
Totals
£
168,153
37,764
205,917
6,872
4,926
11,798
194,119
161,281

continued...

Page 15

THE VC GALLERY

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2025

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors
Other debtors
Prepayments and accrued income
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Pension creditor
Other creditors
Accrued expenses		 2025
£
3,715
445
11,424
15,584
2025
£
11,219
4,978
671
1,292
2,160
20,320		 2024
£
22,463
339
19,288
42,090
2024
£
29,391
4,795
567
10,000
1,920
46,673

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

continued...

Page 16

THE VC GALLERY

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2025

14. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Designated fund - school purchase
Various grants for Charitable activities
Restricted funds
Tackling Loneliness
PCC Drop In
AFCFT Core Funding 4 Management
Food Poverty Grant
Isolation Innovation Project
Harm Reduction Windows of Opportunity
Valero D4V
Hywel dda Apr-24
SPF - Minivan Apr-Nov24
SPF - Woods
Legacy D4V H D
BCT Fund - Wages
PBS Retrofit
Thrive Together
V F Peer Mentor
Various grants for Restricted Charitable
activities
TOTAL FUNDS		 At 1.4.24
£
171,993
155,000
45
327,038
-
-
2,831
-
1,049
745
2,595
16,762
(8,309)
-
28
-
-
-
-
-
15,701
342,739		 Net
movement
in funds
£
99,321
-
-
99,321
500
5
(4,512)
133
(1,075)
(824)
(2,288)
(16,955)
17,637
(5,673)
-
588
24,208
6,125
20,829
10,019
48,717
148,038		 Transfers
between
funds
£
(34,706)
-
(45)
(34,751)
(500)
(5)
2,335
27
26
79
1,425
193
23,026
5,673
(28)
-
-
-
-
2,500
34,751
-		 At
31.3.25
£
236,608
155,000
-
391,608
-
-
654
160
-
-
1,732
-
32,354
-
-
588
24,208
6,125
20,829
12,519
99,169
490,777

continued...

Page 17

THE VC GALLERY

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2025

14. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
General fund
Restricted funds
Tackling Loneliness
PCC Drop In
AFCFT Core Funding 4 Management
Food Poverty Grant
Isolation Innovation Project
Harm Reduction Windows of Opportunity
Valero D4V
Hywel dda Apr-24
SPF - Minivan Apr-Nov24
SPF - Woods
BCT Fund - Wages
PBS Retrofit
Thrive Together
V F Peer Mentor
Various grants for Restricted Charitable
activities
TOTAL FUNDS		 Incoming
resources
£
242,482
500
10,000
6,538
18,000
-
-
-
52,020
72,799
25,252
37,500
25,000
9,800
24,375
82,854
364,638
607,120		 Resources
Movement
expended
in funds
£
£
(143,161)
99,321
-
500
(9,995)
5
(11,050)
(4,512)
(17,867)
133
(1,075)
(1,075)
(824)
(824)
(2,288)
(2,288)
(68,975)
(16,955)
(55,162)
17,637
(30,925)
(5,673)
(36,912)
588
(792)
24,208
(3,675)
6,125
(3,546)
20,829
(72,835)
10,019
(315,921)
48,717
(459,082)
148,038

continued...

Page 18

THE VC GALLERY

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2025

14. MOVEMENT IN FUNDS - continued

Comparatives for 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 19

THE VC GALLERY

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2025

14. MOVEMENT IN FUNDS - continued

Comparative 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 20

THE VC GALLERY

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2025

14. 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
Tackling Loneliness
Hywel Dda 2 Befriender
PCC Drop In
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
BCT Fund - Wages
PBS Retrofit
Thrive Together
V F Peer Mentor
Various grants for Restricted Charitable
activities
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
£
88,220
-
-
88,220
500
-
5
(1,681)
133
(9,220)
(368)
(49,851)
(1,835)
(7,533)
(4,716)
9,328
(5,673)
(33,416)
(268)
(16,920)
8
(4,867)
(20)
13
(95)
(397)
588
24,208
6,125
20,829
10,019
(65,104)
23,116		 Transfers
between
funds
£
(96,347)
-
(45)
(96,392)
(145)
14,229
(5)
2,335
27
26
368
79
1,425
968
4,716
23,026
5,673
23,916
268
16,920
(8)
-
20
(13)
95
(28)
-
-
-
-
2,500
96,392
-		 At
31.3.25
£
236,608
155,000
-
391,608
-
-
-
654
160
-
-
-
1,732
-
-
32,354
-
-
-
-
-
-
-
-
-
-
588
24,208
6,125
20,829
12,519
99,169
490,777

continued...

Page 21

THE VC GALLERY

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2025

14. 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
Tackling Loneliness
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
BCT Fund - Wages
PBS Retrofit
Thrive Together
V F Peer Mentor
Various grants for Restricted Charitable
activities
TOTAL FUNDS		 Incoming
resources
£
333,497
500
20,000
2,500
13,075
33,000
(1)
-
-
6,751
-
69,359
72,800
27,200
(1)
9,845
50,999
5,000
23,750
3,000
2,999
8,900
400
1,500
4,928
37,500
25,000
9,800
24,375
82,854
536,033
869,530		 Resources
Movement
expended
in funds
£
£
(245,277)
88,220
-
500
(19,995)
5
(2,500)
-
(14,756)
(1,681)
(32,867)
133
(9,219)
(9,220)
(368)
(368)
(49,851)
(49,851)
(8,586)
(1,835)
(7,533)
(7,533)
(74,075)
(4,716)
(63,472)
9,328
(32,873)
(5,673)
(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)
-
(36,912)
588
(792)
24,208
(3,675)
6,125
(3,546)
20,829
(72,835)
10,019
(601,137)
(65,104)
(846,414)
23,116

continued...

Page 22

THE VC GALLERY

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2025

15. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2025.

Page 23

THE VC GALLERY

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2025

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Grants
Rental income
Other trading activities
Workshop income
Sponsorships
Investment income
Deposit account interest
Other income
Exceptional items
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Pensions
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		 2025
£
81,704
398,938
32,033
512,675
1,565
-
1,565
4,668
88,212
607,120
259,736
3,695
9,502
22,406
466
1,045
-
4,676
9,188
1,321
7,690
14,902
6,559
16,525
357,711		 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

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 2025

Support costs
Finance
Bank charges
Other
Telephone
Postage and stationery
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 income/(expenditure)		 2025
£
61
2,181
12,020
57,979
2,165
991
702
753
13,925
-
3,480
130
4,371
426
99,123
2,187
459,082
148,038		 2024
£
1,219
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)

This page does not form part of the statutory financial statements

Page 25