**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:
- accessible creative programmes delivered by skilled artists and facilitators
- social connection through groups, drop-ins and peer-led activity
- wellbeing provision including physical activity and nature-based sessions
- practical support (including form filling, advocacy and signposting)
- access to counselling and therapeutic interventions, supported by established referral pathways
- food provision through community meals, surplus food redistribution and cookery activities
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:
* sustaining VC's preventative mental health and wellbeing support for the community
* strengthening co-produced volunteering pathways and peer mentoring
- continuing to provide meals, cookery activity and food support to reduce hardship and isolation
* maintaining and strengthening partnerships with health, social care and third sector organisations
* sustaining and improving VC's community spaces so they remain safe, warm and accessible
* continuing to improve long-term sustainability through diverse fundraising and responsible financial planning
## **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
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The financial statements were approved by the Board of Trustees and authorised for issue on 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