Charity registtztion number.. 1174963 Victoria Hall Harrow Annual Report and Receipis and Payments Accounts for the Year bnded 31 March 2025 Redwoods A¢countants {Exeter) Ltd Chartered Certified Accountants 2 Clysi Works CIy3t Road Topsham Exeter Devon EX3 ODB
Victoria Hall Harrow Contents (continued) Refei'cnce and Administrative Delai15 Ti'LlStees' Rcpoit 2107 Iiidependeiit Exaniinei s Report Statement of Receipts and Payments Stateinent of Asset8 and Liabilities 10 Notes to the Financial Stalenienls
Victoria Hall Harrow Reference and Administrative Details Trustees G Alston, Chair P Polkinghorne S E Anderson I Cartwright S M Tsang A Gupta K H Cheung S Ansong W Wall Charity Registration Number 1174963 Prlnclpal Office Victoria Hall Sheepcole Road Harrow Middlesex HAI 2JE Independent Examiner Redwoods Accountants (Exeter) Ltd Chartered Certified Accounlants 2 Clyst Works Clyst Road Topsham Exeter Devon EX3 ODB Page I
Victorla Hall Harrow Trusteeg, Report The trustees present the annual repoit together with the financial statements of the chai'ity for the year ended 31 Mai'ch 2025. Trust¢es and officers The tru5tces and offic¢iB serving during the year and since the year end were as follows: Truste¢s'. G Alslon, Chair C: Still G Ali (I'esigned l March 2025) A Ferrao (rcsigned l January 2025) P Polkinghorne S E. Andei'son I Ciinwrighi (appointed 31 March 2025) S M T.8ang (appoii)tcd 31 March 2025) A (iupla (appointed 31 MdrLh 2025) K I I Ch¢uii8 (appoiiitLd 31 M¢ll'¢h 2025) S Ansong (appointed 31 MarLh 2025) W Wall (appointed 17 June 2025) Statement fr()m the Chaii. of I'l'ustees li'oin A tradilii)nal 'vLTIIIL r(Ii' hii'L l() an oigyaiiisotiun d¢lively SCLkingT to cxpand oui. community impucl. Wc began by li.%tening. Woi'kingF cl<)8ely with partnei'8 like Voluntary Action 14<11'row and the Young Harl'ow Foiindalion, we dcvcloped a 'Pai'tn¢rship-b irsl" approach which Culminated in Ilie liiunLh of oui. 2025 Lommunity Stt'ategy in December 2024. A key driver of this tt'ansilion was the appointmenl of our first C.F,O, Troy Noitjert. iii November 2024. Under this new leadei'ship. we have pi'ofe5sionaliscd our opei'alions ¢ind gDv¢rnance. Th¢ impact is ulreudy Ll¥ai-: we saw a 156Q/o inci'eas¢ in hours b(ioked by community gi'oups. validating our belief tliat affordable, accessible space is a ci'iticdl need in Harl'ow. We have tilsLI transformed our governance structui'e. Following significant woi'k ovei. tlie past year including reci'uitment based on i-igorous skills audits - our Board of Trustees has seen a tremendoiis increa.se li) professional experti8e and experience. We al'e pi'oud that our Board is now not only highly skilled but also boasl5 in)proved diveiBity, ensuring it is much Inoi'c i'cpresentative of the communities we serve. As we move into 2025. wc tti'c not just openfftg our doors., we are lowering bari'iers. l am incrcdibly PToud of the staff and Trustees who have been instt'umenlal in tt'ansfoi-ming the way we woi'k. We lonk forwai'd lo continuing to build a connected and incliisive Hai'row where people and communitics thrive. Gu5 Alston, Chair of 'I rustees Page 2
VietoriA Hall Harrow Trustees, Report (continued) S¢ruetur¢i goverftlnce and managernent Noliire ofgoveriiliig dociijiienl The charity is a Charitable Incorpoi'ated Organisation (CIO) registered on 3rd October 2017. It is governed by its Constitution. Recrulinieiil and nppolntiiieiil of Iriislees The Board of Trustees is composed of Church representative5, Local Council membei-s, and members of the public. Trustees are either ¢x-olTicio or appointed by the existing Board of Trustees when g vacancy arises. The charity curi'ently has eleven Trustees. Once ¢lecled, 811 Trustees serve a three-year term. Following significant work ov¢r the past year, our Trustee Board now boasts improved diversity aer05s multiple areas to ensure it is representalivc of the communities we s¢rv¢, Orgonlsalloiinl slriicliire The Board of Trustees administers the charity. A Finance sUbup meets in advance of trustee meettngs to consider bud8ets, management accounts, and material fmancial matters, Day-to-day responsibility for f]nance, administration, and service provision is delegated to the CEO, Troy Norbert (appointed Novembci. 2024). Mftjor rlsks ftiidiiianftgeiiieiil of Iliose rlsks I'he major risk5 to which the charity is exposed are regularly reviewed by the Trustees, and systems have been established to mitigate those risks. Procedures are in place to ensure compliance wilh health and safety regulations and to handle complaint5 effectively. Robust policies govern the 5afcguarding of children, vulnerable adults, staff, and volunteers, which are reviewed regularly. The impact of the pandemic, rise in energy bills and the high levels of familie5 requiring support, all have an iinpact on the charities ability to thrive and grow through thes¢ tying times. As we look to grow and sustain oui. base in the borough, the charity will need to pivot and adapt in the changing times ahead. Objeetlves and actlvltles Objecls aiid fi1111s To further or benefit the residents of harrow and th¢ neighbourhood, without distinction of sex, sexual orientstion, race oi. of political, religious or other opinions by associating tOBether the said residents and the local authorities, voluntary 4nd other OTganisations in a common effort to advance cducation and to provide facilities in the interests of Social welfare foi. recreation and leisure lime o¢¢upation with th¢ objective of improving the conditions of life for the residents. In fijrtherance of these objects but not otherwise, the trustees shall have power.. to establish or se¢ure the establishment of a Lommunity centre and lo maintain or rnan8ge OT ¢O-operatc with any statutory authority in the maintenance and mana8ement of such a ¢entre for a¢tivit1¢5 promotrd by the charity in filltheraThce of the above objects. Piiblic beiiefil The Charity provides buildings, facilitie5 and open space for the purp05¢s of Providing edu¢atiOTdtraining, accommodationlhousing, religious activities and amateur sports for the benefit of childrenlyoung people and the general public. The trustees confu'm that they have Complied with the requfftrements of section 17 of the Charities Act 201 I to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Page 3
Victoria Hall Harro Trustees, Report (continued) Achievenients and performance Revieiy of the Yeai.: 2024-2025 Victoria Hall has embarked on a significant new chapter defined by strategic leadership and StrUcra1 consolidation. l. Asset Unifjcation & St John's Church Siipport A majoi. milestone this yeai. was th¢ coinpletioll of the asset transfer fi'om the associated charity (The Victoria Hall Charity). resulting in a tt'ansfei. of assets totalling £1,200,623. This consolidation allows for more efficient n)anagemenl of the histoi-ic estate. Fuiihermore, the chai'ity Inade a sigTrificanl capital grant of £750,000 lo Si John's Chuirh. Tliis funding is specifically allocated foi. the essential refurbishment and mainlei)aiice of the church building silualed i)exl lo Vicloi'ia Hall, ensuring the pi'eservalion of this key local heritage asset aiid coinmunity partner. 2. Strategic Leadership & Governance Ii) Novenibei. 2024, w¢ appointcd oui. first CEO to drive this tt'ansition. Under this new Icader8hip, we have pi'ofessionali.sed i)ui' operations and govei'nance.. Strategy & Ris1<: We launchcd oiir 2025 Cummunity Strategy in December and implcmenlcd a vinpi'¥lieii8ivc Risk Regislcr l() sateguard the charity'5 tiitLlI'e. Board DLvclopment: We aclivcly worked lo gl'ow the Boai'd of Ti'ustees iii March 2025. 11 is now a large body tliat 1.% n'uly represenlalive of Ilie divei'se cumniunilies w¢ yei'vL, fiilfilliiik¥ oui. slrategic goal of h'uslcc reci'uitmenl b¥sed on divLr%ity and skills dudils. 3. Community Inipact & Eiigigenieiit A Inajni. focus ut. IhL' yeai. was shilting uui. idcntity fTOIT] a sii)Iple 'hall li)I' hii'e, lo a vibi alit L(Inimunily liub. ¢iftnrdAI)le, acce%sihle space is a Ll'itILal ncLd in Hai'row. .StAk¢holder EngaLFLment: We systeinatlL<illy buili stroi)g connccliui)s with a wide rangc of. l¢Jcal 51akeholders, including resident%, VLS groiips, housing associatinns, 8nvei'nment bodics, ¢mcrgcncy scI'vice5, faith 81'oiips. and busine88e8. RAising our Profile: 'fhi-ough cxlenbive nelwoi'king and social media, we l)ave I'ectified our pi'eviously low piofile and ar¢ now I'ecognised as an active pai'lner in the local eLosystem. Neighbnurhood li)fi'aslrueture: Secured £60,000 in NCIL nding, which Harrow Council have spent on I'efvrbishing the basketball coui'l al Harrow Recreation Ground. Respondlng to Need: Introduced free, oi'ganic pei'iod produols throughout the building to help tackle period poveity. Guided by oui. new sh'ategy, oui. focu5 for the coming year is to ensure Victoi'ia Hall is accessible to all Inemb¢i's of the community. Oui- key objectives include.. Deepening Partnership5: We will continue lo deepen iElation5hips with the voluntary and community s¢¢tor, local I'esident5, aiid schools. Thi5 includes offering special rates and ben¢fit5 to local groups to ensure affoi'dability. Under5t8nding Need: W¢ will not assume we know what Harrow needs. We have committed to conducling I'egulai. Community Needs Assessments to tailor our progranimes and sei'vices effectively. We will continue to paiticipate iii and maintain membe13hip of various local and national infrastructure organisations and ftirums lo keep up to date with sector chang¢5 and increase oui. influence. These niemberships include.. The Association of Chief Executives of Voluntary Organisations (ACEVO) Hai'rows Voluntary and Communily Se¢toi' Forum Page 4
Victoria Hall Harrow Trustees, Report (continued) Paitnership foi" Young London Active Collaboration: We will host regular community events in partnership with local charities and Harrow Council. ensuring that 8at people and oi'ganisations can do more, bettcr, together. Flnlneial revlew The statement of financial activities indicates a surplus of £533,168 (2024.- £16,602 surplus). Tot81 income for the period was £232.468 (excluding asset transfci's), while total expenditure was £880.879. The high expcnditure level in this financial year is primarily attributed to the one-off capital donation of £750,000 to St John's Church. Despite this significant charitable contribution, the charity'5 financial position iTmains robust due to the transfer of assets (£1.2m) from the associated charity. Note on Property Valuation The account5 are prepared on a Receipts and Payments basts, which records assct5 Bt cost rather than market value, However, the Trustees wish to note the significant value of th¢ charity's propety holding5: l. Residential Flats: Based on recent sales of compardble properties in the development, the Trustees estiTnate the urrent market value of the two fla15 to be approximately £900,000 (£450,000 ea¢h). 2. Victoria Hall.. The charity holds a I,000-year lease on the Hall, r¢prcsenting a substaniial c8Pltal asset. While a fonnal valuation has not been comrnissioned this year, Ihe Ti'uslees regard this 'virtual freehold, as the charity's primary assel. R¢5crves Policy The nel assets of the charity at the year-end stood at £550,973. Our policy is to maintain free rcserves sufficient to cover operational expenditure and prote¢l Ihc long-tenn viability of our organisalion, ACKNOWLEDGEMENTS The staff team 8t Victoria Hall are proactive and ambitious for change, focused on achieving our goals through collabor&tion and partnership. Both the staff and Trustees have been instruinental in transfonning the way we work, extending our networks, and building collaborations. We are foilunate to have a team and Board that 15 knowledgeable and cliallenging, demanding the best of Victoria Hall to ensure we continue to cxlend and develop boih our quality and our impact. I'rustees serving durÈng the year G. Alston - Chairperson A. Fe&0- Trustee (resigned l 0.01.25) C. StiS1- Trustee G. Ali - Trustee (r¢signed 31.03.25) P. Poikinghorne - Trustee S. Anderson - Trustee Staff team . O. Chambers-Henry - Centre Manager • C. Alley - Centre A5SlStant • T. Dean- Centre Assistant • F. Tan8- Centre Assistant Page 5
Victoria Hall Harrow Trustees, Report (contillued) We are deeply grateful to the many pai'tners who suppoited our woi'k this past year. We know that we need to build on this woi'k by continuously i'eviewing what we do, collaborating with oihejs, and seeking feedback froin all oui. stakeholders lo shape oiii- direction. We woiild likc tn Ihaith the following orgaiiisalion5 for theii. partnership aiid suppoi1: Age UK Flillit)gdon, Harl'ow and Br¢nt Alcoholics Anonymou5 AFghan Assucialion of l.oiidon . EKTA in Hai'i'ow F.vnlve Initialive C.'IC Flarrow Council gnite Youth London Chinese Alliance Church MasLlial • Muallim Academy Keihiith (Mol'e thai) ju.st a Choii.) Romanian and Casleim Eui'opean Hub . Unique Community Volunlaiy ALliun I Idriow Yourig I Idl'l'vw l oui)dalioi) Page 6
Victoriyd Hall Harrow Trustees, Report (continued) Statement of Trustees, RponSIbIlItIeS The ttustees are responsible for pi'epartng the trustees, report and the financial slatements in accoi'dance with the United Kingdom Accounting Standai'ds (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. The law applTcable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the slate of affairs of the chaTity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to: select suitable accounting poli¢ies and then apply them consistently; observe the methods and principles in the Charities SORP. make judgements and e.8timates that are reasonable and pi'udent. slate whether applicable accounting standards have been followed, subject lo any material depaitures disclosed and explained in the financial statements. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will Continue in business. The trustees al'e r¢sponsiblc for keeping proper accounting records that disclose with reasonable accuracy ai any lime the financial position of the charity and enable them to ensure that the financial slat¢menls comply with the Charilies Act 2011, the Charities (Accounts and Report5) Regulations 2008, and the provisions of the constitution. The trustees al'e 8150 responsible for safeguarding the assets of the charity and hence for taking rcasonable steps for the prevention and detection of fi'aud and other irregularities. The trustees al'e responsible for the maintenance and integrity of the corporale Y4nd financial informalion included on the charitable company's website. Legislation governing the preparation and dissernination of financial statements may differ from legislation in other jurisdictions. The annual report was approved by the trustees of th¢ charity on 16 January 2026 and signed on its behalf by: G Alston Trustee Page 7
Victoria Hall Harrow Independent Examiner's Report to the trustees of Victoria Hall Harrow repoit to the trustees on my examination of the accounts of Victoria Hall Harl'ow foi. the yeai. ended 31 Mai'ch 2025. Responsibilities and bAsis of report As tlie chai.ity trustees of Vicloria Flall Flarrow you al'e responsible for the pi-eparalion of the accounts in accoi'dance with the requirements of the Charities Act 2011 ('the Act,). I I'eport in respect of my examination of the Victoi'ia Hall Hai'i'ow's accounts eari'ied out under section 145 of the 2011 Aci and in cairying out Iny exainiiiation I liave followed all the applicable Directions giv¢n by the Lhai'ity Cominissiun undei. section 145(5)(b) of the Act. Independent examiner's stat¢meiit I have completed my examination. I confirni thai no mat¥ri¢il Inatlei's have come to my attention in Connection with the exaininaliun giving ille cause to believe that in any matei'ial i'espect.. l. accounting recoi'ds were not kept in respLut of Vi¢toi'ia 14all 14ai.row as required by 8ectTon 130 of. the Act. or 2. the accounts do not accoi'd with those rccoi'ds, or 3, the accounts do not comply with the ilLC(iunlinK requirein¢iit5 concei'ning the toi'in and content ol. acci)unls set uvl in Ilie CharitlL% (Ac¢ounls aiid Repoi"l%) Regulations 2008 oiliei. tlian any I'equii'cmLnt that Ihc accouiits give a 'tt-ue and lair view. which 15 not d Inattei. considcr¢d as purt of an indcpeiidcnt exyminiltion. I Iiavc iio concei-ns and havc com¢ acrus% no uiliei" nialtCl'8 in conneclion with the examinalinn to which Atlenlinn sh(iuld be drdwn in thi5 1'CP(Trrt in oi'dLI' lo enablc a pi'opei- undei'slanding ol. Ihc accoiiiill to bc I'el< ¥hcd. l)iana HLyWLlO(I C.harter¢d Lcrtifi¢d A¢countai)ts AC,CA 2 Clysl Wui'ks Clysl Road .1 opsliAin F.xcter Devot) EX3 ODB 16 Januaiy 2026 Page 8
Victoria Hall Harrow Statement of Receipts and Payments for the Year Ended 31 March 2025 Unrestrleted funds Totol 2025 Note Income and Endowments from: Charitable activities Investment tncome Other income 148,145 79,323 5,000 148,145 79,323 5,000 Totsl income 232.468 232.468 Expendlture on: Raising funds Chai'ilable activities (19.044) (880.879) (19.044) (880,879) Total expenditrjre 899,923 899,923 Net expenditure Other recognised gaSns and 1055es Transfer of assets fi'om a550ciated charity (667.455) {667,455) 1,200,623 1,200,623 Net movcment in funds 533,168 533,168 Reconcillation of funds Total fijnds brought forward 17,805 17,805 Total fuThds carried forward 15 550,973 550.973 Unrestrlcted funds Total 2024 Note Income And Endowments from: Investment income 17,462 17,462 Total income 17,462 17,462 Expenditure on: Raising funds (860) 860 Total expendire Net income (860 (860) 16,602 16,602 Net movement in fvnds 16,602 16,602 Reconelllallon of funds Total funds brought forward 1,203 1,203 Total funds carried forward 17,805 17,805 All of the charity's activities derive from continuing operations during the above two pej'iods. The funds breakdown for 2024 is shown in note 15. The notes on page5 1 I to 17 forni an integral part of these financial Statements. Page 9
Victoria Hall Harrow (Registration number: 1174963) Statement of Assets and Liabilities as at 31 March 2025 2025 2024 Note Fixed assets Tangible asset. Inve.8tments 176,1171 28,989 12 205,860 Current as5¢ts Cash al bank and in hand 345,113 1.035,479 Credilvrs: Amounts falling due ivitliin une year 14 (1,017,674) Net current o$sets 345,113 17,805 Net assets 550,973 17.805 Funds of the charity: Ilnresti'leted income funds Uni'estriclcd funds 550,973 17,805 I'otal fuiids 15 .550,973 17,805 Thc finaiicial slalements on pugics 9 to 17 were appri)ved by the ts'lislees, and aiiihoi'ised tol. 18suL' Dn 16 Junuaiy 2026 dn(I sigTriL,d (In Il)Lll' IILlialf l)y'. G Alston Ti'usiee The notes on pages I I to 17 forni an iT]tegral part of these financial staternents. Page 10
Victoria Hall Harrow Notes to the Financial Statements for the Year Ended 31 March 2025 Accounting policies Statement ofcDmpliance The fmancial statements have been prepared in accordance with the Charities Act 2011. Basis of preparation The accounts (fin8ncial staleinents) have been pi'epared on the receipts and payments bysis, The accounts are presented in £ Sterling and are i'ounded to the nearest £1. Golng coneern The trustees consider that there are no material uncertainties about the charity's ability to continue as a going eonccrn. Income and endoivments All income 15 recognised once it hus been received by the charity. liiveslinenl liieoiiie Invcstrnent income I'elating lo interest and dividends is I'ecognised on a receiyablc basis, Expendilure Ralsliigfiiiids Thcse are costs incurred in attt'acting voluntary inconie, the management of investments and those incurred in trading activities that raise funds. Cliarllable acilvlrles Charitable expenditure comprises those costs incuiTed by the charity in the delivery of its activities and services for ils beneficiaries. It includes both Costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Governance costs These include the cost5 attributable to the charity's compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses. Tangible fixed 45se15 Individual fixed assets costing £1 00 or more ar¢ initially reoorded at Cost. Fixed a55et investments Fixed ass¢t investments are included at cost value. Current Asset investments Current asset investments are included at the lower of cost and net realisable value I market value. Pagell
Victoria HAII Harrow Notes to the Ffinancial Statements for the Year Ended 31 Mareli 2025 (continued) CAsh and cash equivAlents Cash dnd cash equivalcnls coniprise cash (In hand and call d¢posits. and other shvrt-iei'm highly liquid investments that air readily convelliblc lo a ktiown amount uf Lash aiid are subject to an in8ignifi¢ant i'isk of. chai)ge in va5LIV. Fund structure Unreslricled iiieoine funds al'e gen¢r411 fijnds Iliat are available for use at the li'ustees discretion in fuithei'ance of th obju¢livcs of the chai'ity. Designated fvnds are uni'¢51Ticled ndS Sct aside for.8pecific pui'poses al the discretion of the trustee5. Pension.5 and otlier post i'etirement obligations 'I"he charity operates a defined contribution pension scheme whiLh is a pension plan und¢i' which fixed conli-ibutions arc paid into a peTision fui)d and the chai'ity has Iiu or consti'uclivc obligalioii lo pay fui'tlier coiitt'ibulions even if the fund does nor hold SlL]ellI assets lo pay all empluyees the benefit5 rclaiing to emi)loyce sei'vice in the curi'cnt and pi'ioi. periods. (.'nnti'ibulii)ns l() defincd Lonli'ibulion plaiis are recognised in the Staleinent of F inancT81 Activities when they at'e du¢. If conti'ibiition payinenls cxceed Ilic contributioii due foi. 8cI'vic¢, th¢ excL4.8 is recognised as a pi'ei)ayin¢nl. 2 1nLI)Jne froiii Lllmrilable LtivItIeS Uni'L'.%triclL.d (Jeneriil Hall I'eiital 148,14.5 148,1115 3 Investmenl income lJnre%tricted runds G¢nerAI Total 2025 Total 2024 Income fi'om dividends. Dividends reLeivable fi'oin other listed invc51ments Intci'e5t i'eceivable and Similar income. Inlei'est receivable on bank dcposits Oihci. income frum fixed asset invcsttnents 1,068 1,068 39,855 38,400 17,462 38,400 79.323 79,323 17,462 4 Othei. income Uni'estricted funds Ciener81 Total 2025 Government employment allowance 5,000 5,000 Page 12
Victoria Hall Harrow Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 5 Expenditure on rAising funds a) Investment management costs Unrestricted funds General Total 2025 Total 2024 Note Other investment management costs, Amounts payable to propeity managers Other deposit portfolio managemcnt cost5 Property m&inlenance charges 1,562 1,149 16,333 1,562 1,149 16,333 860 19,044 19.044 860 6 Expendlture on charltable actlvltles Unrestrlcted fund5 General Total 2025 Note Hall rental St John building project Staff c05t5 Govcrnance costs 43,906 750,000 84,093 2.880 43,906 750,000 84,093 2,880 880,879 880,879 The £750,000 St John building project cost relates to a donation paid by the charity for the refijrbislunent and maintenance of Sl John's chui'¢h, which is silualed next to the Victoria Hall. 7 Analysis of governanee and support costs Gov¢rnan¢e costs Unrestricted runds Ceneral Total 2025 Independent examiner fee5 Exaillination of the fmancial statements 2,880 2.880 2,880 2.880 Page 13
Victoria Hall Harrow Notes to the fiinancial Statements for the Year Ended 31 March 2025 (continued) 8 7'rustee8 remuneration and expenses Dui'ing the year the charity Inade th¢ following tran5aGtions with ti'uslces-. G Alston £891 (2024- £Nil) of expenses were I'eimbui's¢d to G Alston dui-ing the year. Vai'ious expenses in¢luding CFO reci'uilment costs No trustees, nor any porson8 cnnnected with them, have rcceived any remuneration tiom the cliai'ily clui'ing the ycai-. No trustees Iiave received any other benefits froni the charity during the year. 9 Staff cost$ The dggr¢gate payroll costs were as follows.. 2025 Staff coyls dui'inR the yeAr ivere: Wagycs ai)d salai'iLs Social security costs Peiision costs 75,919 1,934 84,093 'ri)e. 11)niiihly avei'dge niiml)ei' of persons l in¢ludiii47 seii ioi. iiiaiiiigeii)eiil I leadci'ship tLxin) cnipl()ye.(I by rhe chai'ily diii'ingy IhL yLdl' expi'e%%ed d.% lull tiiii¢ cquivalLiils W4lS as lollow5'. 2025 No I lall managci. Centre assistant 3 (2024 - 0) of the above einployees participated in the Defincd Conh'ibulion Pension Schemes. No empluyee I'eceived emoluments of Inore than £60,000 during the ycar Page 14
Victoria Hall Harrow Notes to the Financial Statements for tbe Year Ended 31 March 2025 (continued) 10 Taxation The charity is a registered charity and is therefore exempl from taxation. l J Tfingible fixed gssets LAnd and buildings Victoria Ilall Furniture and equipment Total Cost Addition5 107,555 69,316 176,871 At 31 March 2025 107,555 69,316 176,871 Depreciation At 31 March 2025 Net book value At 31 March 2025 107,555 69,316 176,871 Included within the net book value of land and buildings above is £Nil {2024 - £Nil) in respect of freehold land and buildings and £107,555 (2024 - £Nil) in respect of leaseholds. Page 15
Victoria Hall Harrow Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 12 Fixed asset investments Otlier Investments Investments fiats Total Co¥t or Valuation Additions 28,989 211,989 At 31 Mdl'ch 2025 28,989 28,989 Net book value Ai 31 March 2025 28,989 28,989 13 Cash And cg.sh eqiiivulents 2025 2024 C.¥%h (Il bank 345.113 1,035,47() 14 Crcdilnr5: xiniiuTiti falliiiky due witliin oiie yeAr 2024 Owed i() relat¢d paity - The Vi¢loi'ill Hall Chai'ity 1,1117,h14 IS Funds Olhcr Resources t'eciignised expended gRinil(105¥es) Balance al 31 March 2Tr25 Balance At I April 2024 Incoming resources Unrestricted funds Geiieral Genei'81 17,805 232,468 (899,923) 1,200,623 550,973 Balance at I April 2023 Incoming resources Resoui'ces cxpended B01anee at.I I Marcli 2024 Unrcstrieted funds Geiieral General 1.203 17,462 860 17,805 Page 16
Victoria Hall Harrow Notes to th¢ Financial Statements for the Year Ended 31 March 2025 (conlillued) 16 Analysls of net asscts between funds Unrestricted funds General Totfil funds at 31 March 2025 Tangible fixed assets Fixed asset investments CutTent assets 176,871 28,989 345,113 176,871 28,989 345,113 Tolal net assets 550,973 550,973 Unrestrleted funds General Total funds at 31 March 2024 Current assets Current liabilitie5 1,035,479 1,017,674 1,035,479 (1,017,674 17.805 'rotal net a88ets 17.805 17 Related p8rty transgetlon$ During the year the charity made the following relaled party transactions.. The Vletorli Hall Charlty Dui'ing the year, all assets arkd funds held by the associated chai'ity totalling £1,200,623 wei'e transferr¢d to the chai'ity. Prior to the pre-merger vesting declai'ation of the 1st April 2024, fijnds had been ts'aiisfeiTed a5 loans from the associated chai'ity. At the balance sheet date the amounl due tolfrom to The Victoria 14all C:harity was £Nil {2024 £1,017,674). Pa8e 17