REGISTERED COMPANY NUMBER: CE018218 IEDgl2ttd a￿d W#lesl
REGISTERED CHAIUTY NUMBER: 1184444
tsfthe Tru5ffts an
31
Francis & Co
Second Floor
123 Prom¢nade
Cheltenham
Gloucestershire
GLiO INW

Conwiis of the Financial Staicments
Page
Report of the Tnjstees
I to 5
Report of the Independent Auditors
Ststemeni of Finaneia] Aciivities
10
Balancc Sheet
Cash Flow. stsi¢ment
12
NO￿ ¢0 the Cash Flow Statrmeni
13
NO￿ to the Financial Statements
14 to 20
Detailed Ststement of Financ￿41 ActiYÉties
21 to 22

VL
e T￿SteeS
for the Year Ended 3
Decemtrxr 202
The trustee5 who are a150 dire£￿rS ofthe charity for the pury05e5 of the Companies Aci 2(K>6, presettt their retxjrt
the financial Statements of the charitv for the year ended 31 December 2023. The trustees have adopted the provisions
of Accounting and Reportirtg bv Charities.. Statement of Recommended Practice applicable tt> charittes preparing their
accounts in accord8ncc with the Financial Reportitl8 Standard applicable in the UK and Republic of lttland IFRS 1021
leffe¢tive l January 20191.
VLC exists to suppon $¢hool aged students who gre unabte io actt55 education for a variety of reasons. VLC w&
developed out of a pmj¢¢i s¢t up itt 2014 by a thurch cdled "The Vineyard Christian Fellowship ofLeamington and
WaJM'ick" and was originally known 'Leaming￿n Vin¢vard Learning Centr¢." In 2019 it w&s separately established
as a charirable or88nisation 11184444) and in 2020 registered with the DepaTtsn¢nt for Edueation as an Independent
S¢hool for pupils aged 9-17. In 2021 we were 8raded'Good' by OFSTED.
Everything we do 1$ undwpinned on our walue5=
Belonging
Inte8ritv
Helping others
. Respect
- P¢rsev¢Tanc¢
- Care
Our *iDh5:
Th¢ aims of VLC are ￿..
be a calm plaee where all pupils, $iaff aftd volunreers fcel Safe. happv, respected and e4red for and have a sense of
belonging and pride in VLC &8 a community.
- change the lives of young people through our therapeutic approach ￿ education.
encourage e4th pupil to learn how to learn. use their imagitt8tiort% be reflective. have fun, ¢¢ltbTate their
achievements.
Use every dav to the full. cnsuring that all pupi15 are supp)rted ottd able to learn at o l¢vel appropriatc to their daily
nique nteds.
- help ¢a¢h individual pupil to fulfLI histher academic potential, as a ￿eP up to become th¢ verv best they can be.
promote goi>d working relationships betsyeen all who worklvolunt¢er at VLC. and a strong Partnership ivith the
parents, school¥ the lo¢￿ auihoritv, and the wider communitv.
Then
The need for VLC coniinues w be huge. Evidertce from this year shows thai..
- 82% of our children have experienced previtsus ACES ladverte childhood experiences) or trauma
84Qh of our children have been suspended or excluded from previous education 5ettin8S
- 65% of our childr¢n 4re OP￿ to or have addiuonal prof¢s5ional supEx)rt within th¢ home
As the effects of COVID and lo¢kdowrts conlinue tts unravel. the number of siud¢nts with EHCP5 and identified SEN i$
growTng, as is the number of students facing school exclusion. Anxietv and mental health is a bigger issue than ever
amon8si voung peoplc. There are MO￿ and more voun8 people thho are not thriVit￿ and barely S￿￿1ving at a
mainstream school, and are in need of the caring approach w educatio￿ th#t VLC PTovid¢5.
We at VLC b¢li¢ve that these children art bright and cwable of achieving great and WOnLkrful things, they just need the
ri8hr approach: environment and trusted adulis io help guide them alon8 that joumey. Ma51ow'5 -1.lierdrchv ofNeeds' 1$
a motivational theory used in a muliitude of conÉexts. Hc outlines th¢ idea that individuals need 5ofrty and swurity in
order to b¢ abl¢ to consider higher ord¢r necds {8rowth. self-a¢Lualisaiion. esteem. love. belon8in81. Unless childretj and
voun8 people feel safe in their Icarning environment they will be unable to leam alld groiv. thus inhibiting their fuiu
prospects and causing long temk impacts on the wider fiiture of society.
This is whv our c¢1￿1¢u[Vrn, which corttinues to evolyc, is r(x)ted in staff responding and adapting their appToaehes
the ever changin8 needs of the 5Ludents on a daily basis. By creatirtg 8Th environment built on relationship and trust with
$￿f(. Students firstly feel ivelcomed, safe and re5PeCted ond their needs are zn¢t, only then can learnin8 can truly take
place.
Page I

VLC
iee5
31 December 202-
nde
Often these students are verv brigh¢ and hai'e huge w)t¢ntial. The tragic realÉtv is that children V¢ho do not have acce55
to a consistrnt and regular ojucation programme. for whatevcr reason: inN'ar5ablv fail to athiei'e their potential and thcir
future life chance5 are merely harmed.. nationally. 52% S￿dents achieke a S or above in English and Nlaths GCSE: N'ei
onli. 580/0 Students with identified SEN rea¢h this goal. The National Crime A8encv has identified ihat school exclusion
is a tontributin8 faetor to a person's risk of Crimin￿ exploitation. Exclusiori is known as rhe -pipeline to pri50n . 14.ith
all the social and economic costs prison infvolkes.
As prei-iouslv state4 prior to joining VLC, 84Vo of Our s￿(￿nts have been excluded or suspended. tn contrasr our own
¢x¢IusioD 5tat15tics areju5t 3%.
We worked with 69 studenL% in 2023.
- We had 144 consultaiion5 for school places in 2023. compared 10 94 in 2022. An incr¢&se of 53%.
Student attendanGe iva5 8*/0. up from 77% in 2022. and 51Yo in 2021.
100% N'ear I I leavers obtained a qLdification in Maths
89/0 N"ear I I leaNers obtsinsj a qualification in English.
IOOOA studeni 8rades were hiBher than their enTh poin¢.
Aithee
- Has I15tud¢nLs in KS3
H&5 16 5tudenlS in KS4
PLUS 10 5tudet)is on alt¢rnatiN'e provision
- SupkK>rted by 36 members of 5Laff
tratt
t RevieTrv:
2023 has been a 8reat year for VLC. A5 TTUSte¢s, and SGh(x)l Governor4 we are proud io pKsent thi5 review of the
vear. Our School Imprtsvty)¢ntand Developtnent Plan is Split up into SilK area& which we will review below.
L&4dtrsbip and Managrmtnl
We haNe established a new 'Cor¢ Team. to provide claritv in Icadcrship roles alon85ide Charlv Skoppek. our Head
TeacherlCEO.
Follo￿1ng inl'estment into staffin8 and leadership.. M'¢ have sought the support of An8ela Roberts HR C.onsultartcv. who
haN"e assisted the HR Lead with 5ts1f foru5 groups, and evaluatin8 HR policics. This has PrDfvld￿l u5¢ful insight tnto
statYMoti￿atlOn. s&ti$fa¢tion and morale. w.hich has directrd fwus.
We haie ¢xpatthd our So￿em￿ng bodTr this Near %'ith the apry)iDiment of new. staff and parent goi'emors.
Q￿alIty of Tea¢bing #ttd Learning
We appoinied a Twhing and Learning Lead 2n FebruaTh 2023. Sh¢ is supporttd 4 ntu" Qualified Tedrhets plus a
TA who has eornpleted a Teaching Qualification. The T+L Lead has responsibilitv for coordinaiing ¢urri¢ulum and
assessments.
A ke%. focus of the vear has been ihe development of our curriculurn framcwork. This is focu55ed on three area5:
leaming and processing
- communication ar￿ interaction
- social. emouonal and menial health
Students at VLC follow a'5thge thoi ag¢, approach deterniined bv £r055 refcrencing a￿ssm¢￿ts s¢aff, prof¢$sionals
parent5 and the siudent.
Highlights of the vear indude WOW Da!. I'isits to DraiTrn Manors: Rscfs Box of Delights, Hatton Counfv World.
These davs are designed 10 'brinq learning w life. and give %vow.' moments. We 2Is0 pani¢ipated sn 'Living Eggs,.
8ivin8 Students the oprK>rtunity to See ¢hick5 hatch and learn about life cv¢le5.
Page 2

rt of the Trustees
for the Year Ended 31 DttemEer 2023
Aehltvemellt Outeomes of Students
We remain passionate aknut the fact that our studertts are capable of achieving greaL (hingi and are committed (o
ensuring that academic and wial leaming progress for all pupils is ¢x¢ellent. We are proud of the 8cadwni¢ and social
progress. achievetnents and outromes of our students. All students who sat exams achieved grades highw than their
entrv poin4 repr¢senting sigt)ificgmt progresg for many individua] students.
To ensure that all students are abl¢ to achieve qualifLcation5. and as we now have more students with higher need& we
have widened our cutTiculum offer through partnership with NCFE to offer a¢¢redited voc4tional ￿Urse5 and
Fun¢uona] Skills levels in Maths and Englith.
We have a150 worked ¢105¢1y with Grourtdivork. the Local Authority and Commissioning School4 u) ensure that every
s￿dent moves from VLC to secure a place in further education or an apprenticeship at the end of their year 115tudit&
This vcarwt have had students move to local further &lucation colleg¢s in Warwickshire. as well as
apprenticeships in a range of seciors. One particular Student was successful in se¢urirtg an apprenti¢¢ship at Rolls
Royce. ￿h]ch was a great boost to the whole school cornrnunitv.
For our Alttrnative Provision students. w¢ have worked with students. Schools to ensure 5ucce&sful tr2QSitiotts and
(r¢lintegraiions. We have also ivorked with studettts, schools and paTents to support EHCP applications to afford
students the 5uprrt>rt that th¢v need. Ort a rtumber ofocca5ions this h&8 led to siudents then join2ng VLC on our school
AttltudÈs, Beblvioyr Safety
Ai the heart of what we do at VLC is a desire to be a safe place of calm I￿rning and belottging. S&feguardin8 IS at the
top of our agenda. Thi5 inclu(k5 being a place where 5tudcnts SLtPFOrt the well-FKing of other Sbjdents enLxTrurdging each
other to learn ￿ keep safe. Moreover wc desire that all pupils will value their ¢duGation and be engaged and motivated
in their leamittg and aspire to succeed.
We are delighted thaL in our sep￿mber staff survew. 100% staff $tat&J that they felt confjdent dealing with
safeguardin8 Issue5.
Emotional Lit¢rn¢y And Per50nal Development is a key fo¢us of sw(knts' tiryje ai VLC. We desire that eveTV Student
i¥ill develop excellerti emotional IiEeracy and the tool$ and Stra¢e8ies needed ty self regulate. become morr resilient
be more aware of both thcir needs the needs of those around th¢m. This 15 reflected in ow targeted etnotional
lit¢ra¢y session5 where students tneetwith a trusted key worker.
The promotion of British Va]ue5, reflected in our or8anisational values, occurs throughout VLC'S curriculum and
partieularlv withizj PSHE.
Improving attendance is a k¢y wiority and teTmly attend￿ce trawls i(tertiify studcnts with low attertdsnee to ensur¢
strate8ies are in place and address issues. We remain committed to reviewing studertts, tim¢table5 to ensure in¢re#s¢s
towards a full time iimciable wherever p)ssible.
In cases of ex¢lu$ion. staff are trained in th¢ risks and vulnerabili¢v of students who experience exclusion. And ertsure
that Rcsu)raiive Meetin8s occur io support the return of students and prevent further exclusions. This preventative
stra*gv that only 26tsh Students have been e.xclud&l ai VLC ivhereas prior to joining VLC 84% of our students
have experienced exclusion or suspension.
PreparAtion for Adultbood
Preparation for Adulthood is a kry part of what we thro[￿ personal. soci81. life and employability sks11$ and
5upwr4 and it links closely with s¢¢uring the best outcome5 for students at the ¢nd of their li￿¢ at VLC. We are
delighted tts have appointed a new Preparation for Adulthood Ltad to lead on this area and promote it Acro￿ the school.
Provision forcarecr5 educ￿10n and transilion is ¢x¢elleni artd meeL8 th¢ Gatsby b¢nthnaTk fram¢Thork.
Independe￿t S¢bool St#ttdard5
VLC eoniinues to meet the Independent School Standard
The purch￿)n8 of our own andlprerni5￿ has been a key focus this year. W¢ hope to secure a suityblc property in 2024.
Pagt 3

rt of ihe Trustees
e Year Endcd 31 Decem
Flnlneial Revi
Our finan¢ial $￿ements show incoming r¢sourccs for the Year on School acti￿"1t1¢S of £425,533 120?2.. £66.5311.
The principal source of income is fees lor children iiho are on roll with VLC. As a chariN', all income of the s¢hool
must be #pplied for eduutional and social V4Elfare pur￿>5¢$.
The Goi'ernor5 plan to use these fynds to finance a mol'e to our 51te in tht next i"ear: &s well as conunuin8 to
expand ihe provision that weoff¢r our 5¢udents.
We are un2ble to redaim VAT input ial on our costs as are exemp¢ for VAT putp)ses. We pav w as an emplover
through the nationa5 insurance contributions make.
Re5erve5 And Financial Health
Gofv'emors re8ularl! revie1¥ the finan¢cs: budsets and spend against budqet together with a casli flow analvsss as part of
th¢ eff¢¢tive stewardship of the School.
Pension Liabilitv
Two pensions are used bv VLC- The Teacher5, Pensitsn5 and NEST. Thc bank htslds a bond Of £14k in respect to anv
Te&chers Pensions contributiim5 mav be unpaid as a requirement for belongin8 io the scheme.
Publit Benefit
Th¢ tru5tces have had r¢gard to the Charity ComrnsS5ion'5 guidaTrce on p￿bIl¢ bvnefiL
STRATEGIC REPORT
Achievement and perfomante
Achievement and perfornJan¢e details c4n be found in the Re[￿ of the TTUStees.
VLC doe5 not carry out $i8nifi&qnt fundrdisin8 actiViU¢S.
STRIICTURQ GOVERNAliCE AND MANACEMENT
Govtrning do¢umtnt
The chari(v 15 wntrolled bv its governing docum¢nL a d¢¢d of trusi and constitutes a tharitsble inGOTporaied
or8anisation a5 defined bv the Chariiies Act 2011.
REFERE)CE ATr4D ADIMINISTRA TIV E DETAILS
R¢gisttred CoTllpatsy ttuwber
CE018218 (Englartd and Wales)
Registered Charlty nmwber
1184144
Register¢d offite
SL M2r8aret5 Certtre
103 Whilna5h Road
Whitn&sh
Ltarningtott Spa
WaN"ickshiTe
CVJI 2HB
Trnstee5
Mr C SH¢lson
Mrs L Nash
S Crook Iresign¢d I1.9.23}
Reverertd B J Nash
Mrs H Jacobs lappoin*O I1.9.231
Mrc Tbeophilu5-Bevis {appointed 26.6.231
S¢Dtor Statstory Audhor
Warren Franei5
Pa8e 4

rt of the Trusrtts
for ihe Year Ettd￿ 31 December 202
REFERENCE AND ADMINISTRATIVE DETAILS
Auditors
Francis & Co
S¢rond Fl£K>r
123 Promen&de
Chelienham
Gloucestershire
GL50 INW
STATEMENT OF TRUSTEES. RESPONSIBILITIES
The trustees (who are also the dIT￿Or5 of VLC for ihe purrM)ses of companv lawl are responsible for pr¢p2ring th¢
ReFK>n of the Tru5t¢¢5 and th¢ financial 5taicments in accordanc¥ with applicable law and Untted Kin8dom A¢¢ouniing
Standards (Unii¢d Kingdorn GeneTallv A¢cewed AGwuntin8 Practicel.
Company law requires the tN*ecs Lo prcpare financial ststements for cach flnancral veat whTth give a truc and fair
'iew of the 5Lqie of affairs of the charitable company and of the incoming resources 2nd applitation of r￿ourceS,
including the income and expendiDJre. of the tharitable coM￿nY for that F¢riod. In preparin8 those financial
ststernenrs, the trustees 8Te Tequir¢d to
seleci Suitable accounting wlicies and then apply them eonsisienily.
obsetve the meihod5 and Ftinciples in the Charitv SORP,.
make judgements artd estimates that are r¢asonAbl¢ ond prud¢nL
pJepgTe the fin2nciol staotnents on the going cortc¢rn basis unless it is inappropriate io presume that the charitable
compomy will continue in busine55.
Th¢ tru$t¢¢s are rewnsible for keepin8 prop¢r #tcountin8 records which disclose with re&8onable accura¢v at anv ttrne
the financial position of the charithble companv and 10 enable them to ensure thaE the financia] statements comply with
the Charities Aci 2011. They art also responsiblc for stfcguarding the assets of th¢ charitable company and h¢ttc¢ for
ing reason3bl¢ steps for the prevention and detection of fraud and oth¢T iTr¢gu&rities.
In so far as the trustees arc awdre".
there 1$ n¢> relevant audit infonnation of whith the charitable cotnpany's au(btors are unaware. and
the trusiees have taken all steps that thev ought io have tsken to nvdke themselves aivgr¢ of any relevant audit
infonnaiion and to ethblish th#t the audilOTS are aware of that information.
AUDITORS
The tuditors, Francis &. Co, will b¢ wopos¢d for re-2PPOitith)eni 2¢ the forthcoming Annual General Merting.
Report of thc trustees. incorp)rating a str*egie repon, approved bv ordiy of the Ex)aTd of ¢T￿le¢& ay the company
directors. on 22 Offlokr 2024 aThd 5Lgn¢d on th¢ board's b¢hAlf by..
RcYcr¢nd B J Nash- Twsiee
Page 5

the Inde
emem
rsof
VLC
Opiiiioii
Wc ha%"e audiied the financial miements of NLC (the charitable compan!'} for the N"ear ended 3 1 December'023
'hich comprise the Statement ot Financial Activiiie& the Balance SheeL the Cash Flo1¥ Staiemeni and notes to the
financial siawD¢nts, includin8 a 5Utnmarn of sigrtifieant a¢wunting policies. The financial r¢p)rting frameu.ork that has
been applied in their preparation is applicable law. and Unitrd Kingdom Accounting Standards (Unit¢d Kingdom
GcneraJl%" Accepted A¢coutttin£ Practicel.
In our opinion the fittancial stat¢m¢nt5-
gil'e a ￿e and fair view of the slate of the charitable eompatLV'S atrair5 as * 31 Decemkr 2023 and of its incotning
r¢sources and applicatson of resources. including Its incomc and expenditu￿ for th¢ !'earth¢n ended=
hal'e treen pr¢)perlv prepared in accordance ii.ith United KtnBdotn GeTh¢rall￿ Accetrted Accounting Prathice: atMI
ha%"e been pRp8r¢d in accordance w'ith the requirements of the Companies Act 2006.
Basis for opinion
We ¢oDducied our audit in accordance ii'ith International Standard5 on Auditing IUKI {ISA5 {UKII and applicable laTh.
Our resw)nsibilities under those st￿d￿rdS are further described in the Auditors, responsibilities for the audit of the
rinancial statements ￿tion of our r¢port. We are indepcndcni of ihc charitablc companv in accordance ￿'ith the
ethical r¢quirements that are relevani to our audit of the financial statements in the UK. including the FRC'S Ethieal
Stanthrd. 2nd we have fulfilled our other ethical responsibilities in accordanct the5¢ rwuirements. W't b¢lieN"e
that ihe htsdi¢ ei'idence we hai'e obtained L5 5uffici¢nt artd appropria* to prm"id¢ a b*sis for our opiniort.
Conclusions rei4ting to going eotstt
In auditing the financial sthtrments: Ive hai'e concluded that the trustees, use of the going Concem basis of a¢o)unting in
the preparaiion of the fjnancial statern￿￿ is appropriats.
Based on the work we have perfom¢d, i¥e hai¢ not ideniified any tnaterial uncertainties relating to events or condilÉons
thai indivaduallv tsr collectii'¢lv. mav cast si8nifJcant doubt on the chaTitsble companv's abiliti. lo ¢ontinue as a going
concern for a pertod of at least twelve months from when the fiAanei21 ststemertts are authorised for issue.
Our responsibilit1¢5 th¢ responsibilities of the tNsiees Wlth respect to going con¢¢m are d¢scrii)ed io the relevant
5ecuon5 of this rry￿rt.
Other matters
In the pm'ious a¢￿Unting ￿lOd the ¢nJstees of th¢ charity look advantage of audit ex¢nption Ulld￿ Chariti¢s A¥
2011.
Other infornxtion
The ¢rusiees are responsible for the other ￿lf0M)atioTh. The other information wmprises the information included in th¢
Annual Report oiher ¢han the financial staiements Jnd our Rep)rt of the Independent Auditors thereon.
Our opinion on the financial Statements doe5 not coier the other snforniation and. except to the extettt otherwise
explicitiN' stated in our rwrt. we do not eNpress torn) of assurance concluSLon thereot).
Jn COnn￿¢S0n with our audit of the financial S￿leMents. our responsibili[￿ is to read Ehe other inforrnation and, in doing
so: consider whether the tsth¢r informaiion is materiall)" incon5i5t¢Tht ￿1th the finan¢ial sta*ments or our knoii"led4t
obtained in the audit or othen¥ise appears to ￿ mateTialli' mi5slat¢d. If identih. such material inconsistencies or
apparent material misstsi¢mfnlS: ￿t are required to detennine wheth¢r thi5 gi1¢5 rise to a mawtal misstatement in the
finan¢ial ststements thtmselN'es. If, bas￿ on the work )￿e hal'e performed. we conclude thai there is a Ma￿rial
misstatement of this other infomiatiotj: M¢ are required to rcp)rt that facL We hai'¢ tK>thing to repon in thi5 r¢gard.
OpiJion5 Oll otb¢r matters prescribed bv the Companiu Act 2006
In our opinitsrt, based on the w'ork undenak¢n in the courk of the audit=
the Infom￿tiOn given in the Report of the Tnjstees for the financial vear for ii.hich thE financiaj sta￿MentS are
prepared 25 ¢onsist¢nt with the financial stsiements: and
the Report of the Trusiees ha5 been prepared in ac¢ordall¢e with applicable legal rquireMen￿.
Page 6

f ihe Inde endcnt Auditor
mbcrsof
VLC
M*tttrs whi¢h we are rtquired io report by exceptlOD
In the light of the knowledge and undetstsndin8 of the charithbl¢ company #nd its environment obtsiwl ift the Cou￿¢
of th¢ audii we have not idutified material miSs￿teMents in the Reporr of the Tru5t¢e5.
W¢ hav¢ nothin8 to rep)n in r¢sp¢d of the followin8 matters wh¢Te the Companies Act 2006 rquires us to report to
vou if: in our opinion..
adequate accountino rc¢ords have noi been kept or Tetum5 adequat¢ for our audit have ttoi been T¢¢¢iV￿ from
branch¢s not vtsited bv us.. or
the financial ststements are not in agreement with th¢ a¢tountin& r¢¢oTds Qrtd retum& or
¢enain d2sclosure5 of trust¢es' Temurteration speclficd bv law are noi made- or
ive have not receivd all the infutrndtion and explanations we ￿qUIre forour audit.
Responsibilities of trn$tets
As explained more fvllv in the Staiemeni ofTru5cee5' Re5ptsn5ibiliu¢5. th¢ tNs¢ees Iwhe art also the direaors of the
chzriLqble COMp￿V for the purroses of companv lawl arc responsible for the preparation of the financial sthtemenis and
for being Satisfied that they give a true and fair view, and for surh In￿m￿l control &8the trustees deternine is n¢ces$ary
to ¢nable the prep￿atiOn of ftyuntial stskrneThLS that are free from Tnaterial misstat¢men4 whrther due io fraud or error.
In p￿P¥Ting the financial st8t¢mettt& the tnJsiee5 rcspoThsibl¢ for wessing the charitable ¢ompanv's ability to
ontinue &8 a going conccrn, di3¢losin& as applicable, matters r¢I3ted to goirtg concem and using the going concttn
basis of actouniing unles5 the tr￿￿tts eith¢r Ini￿d to liquid￿t the charitable company or to cease oper4tiorts, er have
no rtalistl¢ al￿rnative bui w do 50.
Pag¢ 7

rt f the Ind
uditors
em
VL
Our respoll5ibilities for tbt Audit of the Iltt#ttei#l statemettts
Our objectives to obthirt reasonable a55urance about whether the fin8ll]cial ststements as a whole are free trom
material misstarement, M'hether due to fraud or error, artd to i5su¢ a Rcw)rt of the Independent Auditors tha¢ in¢ludes
our opinion. Re&sonable assurance is a hi8h kvel of a5surancE but is not a 8uarantee (hai an audit ¢onduc￿d in
a￿ordance knith ISAS (UK} will alwav5 da¢a a material m155tatenient ii'h¢n it exists. Misstatwnents can arise Irom
fraud or error and are considered Ma￿la1 if. indi%'idua]Iv or in the aggregate: thJ Could rea50t>ablN' be expected
Inflll¢￿¢ the econornic deci5Lons ofusers ￿k¢n on the basis of these financkal sthtemenLS.
The extent to ￿hleh our procedures are capable of detecting irre8ularili¢& includin8 fraud is d¢tail¢d below-
Our approach to identifving and assessing the risks of material misstaternent in respect of irr£8ularitLes: includin£ fraud
and nOn￿O￿p118n¢e with IÈw'5 and regulations, 14.as as folloiis..
- the enga8emeni partner ensured thai the enga8emenL team collectiveli had th¢ appTopriatr wmpden¢& capabilities
and skills to ideniifv or recognise non-compliance I￿1th applicable laws and rc8ulationk
- M"¢ identifked the laws and iegulaiions applicable to the ￿MpanY thTough di5CU55ions iiith director5 and other
managemen¢ and from our commercial kno￿led8e and eX￿riet)Ce of th¢ sector in i4.hich the ¢ompanv operates.,
w¢ focused on specific laws and re8ulations which ￿e considered mav have a direct material effe¢t on the financial
striements or the operations of the compan!.: includin8 the Charities Aci 2011. rax8tion legislation and data protection.
anti-bribery, emplovmenL eni'ironmental and health and 5afetv Ic8L51alion:
- w'e assessed the extent of compliance il'ith thc laM5 and regulations id¢niified alK￿.e throu8h making enquiries of
rnanasernent and itisp¢ctin8 1¢8al correspond¢n¢e:
- identified lam's and regulations were communieaEed ttrithin the audit team regularh. and the Learn remained alert to
instsnce5 Ornon￿OMpl1￿I¢c throughoui the audii.
We assessed the susceptibility of the Compan￿.5 financial 5Fatements to matrrial misstatement. inclLtding obtaining atml
understanding ho￿ frydud might occur. bfv.:
- making enquiries of mana8ernent as to u.here the) considered thcre was 5USCePtibilit>' w frdud, th¢ir knowledge of
actual. suspcctcd and allEged fr2ud., and
- considering the iniernal controls in place to miii8atr risk5 of fraud and non-compliance w'ith law5 and ttgulY4tsons.
To address the risk of fraud through manwernent bia5 and overridc of controls: Ive..
- wform¢d analvtical proceAure5 ￿ identifv and unusual or unrxpe¢*d relationships,.
iested journal entries lo identifv unusual iransadion5:
- &8sessed M'h¢th¢r judgm¢nts Rnd assumptions made in detemiinin8 the accountsn8 ¢stsmat¢5 I¥Er¢ indi¢￿11-¢ of
potential bias: and
in%"¢stigat¢d th¢ ration8le behind signifLCOmi or Unusu￿ transadions.
Because of the inherent limitation5 of hn audiu there is a risk that ￿ill noi detea all irregul&riiies: including ih05e
1¢odirt8 w a material mi55tatcmeni in the finaneial statements or nonrfomplianec li.ith rcgulation. Thi5 risk increases the
more ihat romplian¢e with 2 law or re8ulauon is remoi"¢d frorn the ¢Tr¢nts And transathion5 reflec￿{ in th¢ financial
sialement5. as we ￿111 be less likelv lo become 8w"2re of irtstances of nonrycompliance. The risk i5 a150 greater regarding
irregularitie5 occurring du¢ to fraud rather than em)r. &s fraud In￿0]￿e5 intentional concealmenL forgm". collusion:
Omi55ion or rnisrepresentstion.
A fijrther description of our responsibilities for the audit of the financial 5uieTll¢Z)ts is located QTL ihe Finant121
Reporting Council's website ai Mry47¥.frc.org.uk.'audiior5responsibilitlC5. Thi5 de5CriPtion fomis pan of our Report ofthe
Independent AUdi￿r5.
Pa8e 8

ort of the In
VLC
dent Auditors
e Members
Use of our report
This rq)ort is mad¢ solelv to the charithbl¢ company's memb¢rs, 8$ a body, a¢¢ordance with Chapter 3 of Part 16 of
the Companie$ Act 2006. Our audit work has been undertaken so that we mi8ht state to the Charitable ¢omp8ny's
M¢Mb¢￿ those m&tters we ar¢ requir¢d to state to them an auditOTS' resx>rt and for no oth¢r purpos¢. To the ￿lIest
ext¢nt pcmiitted by law. Ive do noi accept or assume r¢5ponsibility to anvon¢ other than the charithble ¢otnpany and the
charitsble company's members as f4 bodv, for our audi( work, for this Tepon, or for the opinions we hAYe fomied.
Warren Francis Isenitsr Statu￿r¥ Audiiorl
for and on behalf of Fran¢is & Co
Second Floor
123 PTomenad¢
Cheltenhgm
Gloutesiershire
GL50 INW
22 October 2024
P#g¢ 9

VL
t of Ftnancial Actii
Ended
31.12.23
Unreskncted
tund
31.12.2?
Total
funds
INCOME ATr4D ENDOWMENTS FROM
Donations ￿ld legacies
10,2&1
815
Charitable #rtlvltlts
General
1.675.095
864,276
Ini'esunent income
168
30
Totsl
1.681.527
865.121
EXPENDITURE ON
R2isinE funds
34,Il8
22.481
Cbaritablt *rtivtti¢s
General
1.221.876
776.109
Total
l 255.994
NET INCOME
425.533
06,531
RECONCILIATION OF FUNDS
Totsl funds brought forward
409.639
343.108
TOTAL FUNDS CARRIED FORWARD
835.172
409.639
The notes f(Ym part of these financial sto￿)ents
Poge 10

VLC
Balance Sheet
31 December 2023
31.12.23
Unrestrictcd
nd
31.12.22
Total
nds
Notes
FIXED ASSETS
Tangible ass¢ts
12
13.423
4.221
CURREprf ASSETS
Debtors
Cash at bank
13
659.848
916,447
364.312
497 034
1.576.295
861.346
CREDITORS
Amounts falling due within one year
14
{754.546)
(455.928)
NET CURRENT ASSETS
821,749
405 418
TOTAL ASSETS LESS CURJiEYT
LIABILITIES
835,172
409.639
NET ASSETS
835,172
409 639
FUNDS
Uttrestricted funds
15
835,172
409 639
TOTAL FUNDS
835.172
409,639
These fin2ncl￿ $tattmellts hav¢ been audited under the requirements of Section 145 of the Charities Act 2011.
Th¢ finan¢ial ststemellts w¢re approv¢d by the Board of TTUStKs and au(horised for issu¢ on 22 Octob¢r 2024 and wer¢
signcd on its bchalf by..
R¢v¢T¢nd B J Nash- Trnstee
The notes forni part of these financial statements
Pagell

VLC
Cash
taiem
for rhe Y¢ar End
ni
31 Decem
er 202
31.12.23
31.12.22
Casb flows fToni operatlDg X¢tii'ities
Cash generated from operations
431.745
200,261
Net cash pmvided by operating activities
431,745
200,261
CAsb flows from iDve5ting activities
F￿r¢base of tangible fixed as5¢ts
Interest received
112.500)
168
{2.223)
30
et cash used in investing aciivities
12.332)
2,193)
ChaDg¢ In £Ash and ¢q￿1Valents ID
tbe reporting period
Cash c*sb equivalellts 8t the
begiDDiDg of the reporting period
419,413
198,068
497,034
298.966
Cash and cash equivalents at tbe end of
tbe reporting period
916.447
497,034
The n01¢5 forni part of these financial ststwn¢nts
Page 12

to the Cash Flow Staiemeni
r the Year
l DecemErr 202
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING
ACTIVITIES
31.12.23
31.12.22
Net illeome for tbe reportiThg period (as per the Statement of FI￿neRal
Acdvititsl
AdjustmtDts for:
Depreciation eharges
Loss on disw)sal of fixed assets
Interest reeeived
Intre#se i) debtors
Increase tn craltiors
425,533
66,531
2.995
303
11681
{295.536)
298.618
1.756
(301
(219,4171
351421
r4et cajh provld¢d by operati0115
431,745
200 261
ANALYSIS OF CHANGLS IN NET FUNDS
Ai 1.1.23
Cash flow
At3l.12.23
Iyet Ca51L
Cash at bank
497,034
419413
497.om
419413
916 447
Totll
497,034
419413
The nore5 forni pan of these flnaneial stttement5
Page 13

VLC
N'oies to
inancial StaternerttS
the Year Ended 31 De￿mber 2023
ACCOUNTINC POLICIES
Basis of preparing the finaocial $tatement5
Th¢ fjnancial S￿￿Me￿lS ef the Charl￿ble ￿Mpani.. M"hich is a public benefit eniip. under FRS 102: haie been
P￿ pared in accordance ii'ith the Chariiies SORP IFRS 1021 'Aceouniing and Reportin& bi Charities.. Ststement
of Recommended Practice applicable w charities preparin8 their accounts in accordance M'ith the Financial
Reporting Standard applicable in the LK and Republic of Ireland {FRS 1021 leffectii'e l Januar%" 20191,,
Financial Reporting Standard 102 The Finan¢ial Eieporting Standard aFp12¢able in the UK and Republic of
Ireland, and Ehe Companies Aa 2006. The financial ststements haN"¢ been prepred under the hisiorical co
conierttion.
All income is r￿QgnIsed in the Statement of FIna￿la[ Aciii"itie5 once the ¢harii% ha5 ¢ntitlemeni to the tunds, it
is probable thaithe income 1% ill be receii'ed and the amount can be measured reliabl!..
In¢om¢ mainlv comes from terni tee5 for students that attend VLC. These are ini"tsi¢ed to other schools or the
local council.
Expenditure
Liabilities are rccognis¢d 0$ expenditure as 500n as there i5 a le8al or construrtii"e obli5tation committing the
¢harih' 10 thai expenditure. li is probable that a trgn5fer of e¢onomie benefits ii'ill be required in setilement and
the amount of the obligation can be measur¢d reliablN. Expenditure is acwunted for on an accruals basis and has
been c[￿lfIed under headings that aggregate all cost related to the ￿tegOr!. WTrere costs ¢annoi be directl
attrsbuted ￿ particular headsng5 thu. hai"e bcen allocated ro actii'ities on a basis ¢onsisteni ￿1th the use of
re50ur¢es.
T#ttgible fixed assets
Depre¢iotion is provided kt the folloii'ing atjnual rates in order to write off each Lsset oN'er its e5timY4ted us¢ful
Plant and machsn¢ry
Fixtures and fittings
15% otl cost
15% on c05t
TY4Xatlo
Th¢ charity 15 exempt from corporaiion on its chariiablc act5Nlties.
FuDd ¥ccoutttlng
nrestricted funds ¢att be used in ac¢ordanc¢ ii'ith the chari¢&ble objeciii'e5 ai the discretion of the tnistees.
Resirtheted funds can onl! be used for panicu13r restricted PUTposes ii'ithin the objccts of the charity..
Re5triclions arise M'hen specified bi" the donor (pr i%hen fund5 are raised for particular r¢s¢ricied purpose5.
Further rxplanation of the nawre and purpose ofeach fund is included in the notes io the financial 5taiements.
Pen$lon tosts otber p05t-retirement benefits
The charitable comyanv operatr5 a defined conLTibution pension scheme. Coniributions pavable ¢0 the
charitsble compan) s pmsion scheme are ¢har8ed to the Ststement of Financial AaiN'iii¢s in the period io i%hich
thev relai¢.
Pag¢ 14
eontinued...

f r the Year Ended 31 Decem
r202
DONATIONS AND LEGACIES
31.12.23
il.12.22
Donation5
Grants
328
93
722
815
Grants receiv¢(i included in the aix>ve, are as follows:
31.12.23
31.12.22
Genera]
722
The grant received in the Year Telated to a Covid-l9 r¢¢oveN premium 8fdnt.
INVESTMEIYT INCOME
31.12.23
31.12.22
Interest receivable- tradin8
168
30
INCOME FROM CHARITABLE AcfIviTIES
31.12.23
31.12.22
Activitv
General
Le*rning eentre income
1671095
864.276
RAISING FUNDS
Other tr#difjg Aetiviti*s
31.12.23
31.12.22
Pur¢has¢3
Depreciation
Loss on sale ofassets
30,820
2,995
303
20.725
1,756
P&ge 15
continued...

ote5 to th¢ Financial Statements- contin
emitr ?02 j
CHARITABLE ACTIVITIES COSTS
Support
Costs (see
note 71
Getteral
1.221.876
SUPPORT COSTS
Gov¢rnan¢c
¢osts
Nlanagement
Finance
Tota]s
General
1.172.810
986
1.221.876
ET INCOMEIIEXPEP4DITUREI
et incomellexpenditurel is slated after chargin@Ilcreditln81'.
31.12.23
31.12.??
Auditors. r¢muneration
Depreciation- oyned a55ets
Deficit on disposal of fJKed A55ets
7.500
2,995
303
1,756
TRbSTEESI REML Tr4ERATIOI% AYD BENEFITS
31.12.23
31.12??
Tru5te¢s' salaries
Truste¢S' 59¢i#l security
Trustees, pension5 paid
6,259
1,103
99
6.803
1.103
The trustee renumeration relaics to one Trustee. Ha[￿a￿ Jacob& in relation io her ernploNTnent *"ith the chariti..
Trthsteu, ¢xp¢nsts
31.12.23
31.12.22
Trnstees, ex￿115¢5
97
STAFF COSTS
-23
31.1?22
Wa8¢5 and Salaries
Social 5ecuriiW Costs
Other pension costs
674,458
51,0?8
66.353
448,515
31.338
791.839
536.680
The average tTh)nthli numberof emploi'ees during the vear as folloi43'.
31.11.23
31.1• 22
26
General admini5tradon
Pa8e 16

VLC
oies to the Financial Statements- continued
for the Year End
r202
io.
STAFF COSTS- eontinued
The number of employ￿5 whose emplovee benefits {&xcluding employer patsion costs) exceeded £60,000 was:
31.12.23
31.12.22
£60.001- £70,(XK)
li.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestrictcd
fund
INCOME AND ENDOWMENTS FROM
Donations and l¢gaci¢s
815
Ch8ritsble actiyities
General
864.276
Investment income
30
Total
865 121
EXPENDITURE ON
Raising funds
22,431
ChArlt*bk 4¢tlvltl¢s
Gencral
Tvt*l
NET INCOME
66.531
RECONCILIATION OF FUNDS
To¢al fuods brou8ht fotivard
343.108
TOTAL FUNDS CARRIED FORWARD
409.639
Page 17
continued...

Tes to
e Fin2ll
f r the Year Ended 31 DeCen1￿r 202
12.
TANGIBLE FIXED ASSETS
Fi%iures
Plant and
maehin¢
fitungs
Totals
COST
At l Januarn" 2023
Additions
Disposals
4,4)4
25.331
29.765
4.4341
14.9811
19.4151
At jl December 2023
22.850
DEPRECIATION
At l J8nuar¥" 2023
Charge for tr¢3r
Eliminatsd disp0521
4,434
21,110
2.995
14.678}
25.544
2.995
19.1121
At 31 December
9,427
NET BOOK VALUE
At 31 Decemirr 202)
13.473
13.423
At )1 De¢¢mb¢r 202:
4.221
4.221
13.
DEBTORS: AMouf4TS FALLIYC DUE WITHIN ONE YEAR
31.12.23
31.12.22
Tr4d¢ d¢btor5
Oth¢r d¢btors
Prepavments and accNcd income
647.765
354.133
42
659.848
364.312
14.
CREDITORS: AMOLNTS FALLING DUE ￿.￿H]N ONE YEAR
31.1?.23
Trade crediLors
Social securits. and oth¢rt&xes
Other creditors
Accruals and def￿d inc¢)me
11.666
32.2to
i.904
706.76
14,664
9.411
10
4Jl.843
754.546
455.9?8
Jncluded in deferral in¢¢)m¢ is ineome ii.hich ha5 been defeTred into the next period to i%hich it relat¢5.
Page 18
eoniinued...

Note5 tt¥ the Financial Statem
ts- eontinued
for the Year Cnd
31 tkcember
15.
MOVEMENT IN FUNDS
Net
moveTnent
L funds
At
31.12.23
Atl.1.23
Unrestricted fuDds
G¢neral fund
409,639
425.533
835.172
TOTAL FUNDS
409 639
425 533
835 172
movemettt in funds included in the above are as follows..
Incomin8
r&%ouTees
Re50ur¢es
expend
Movement
in fund8
Unrestricted funds
Generdl fund
1.681,527
(1.255.994)
425.533
TOTAL FUNDS
l.681.527
I25S 994
425 533
Comparatfve5 for movement In fund5
moverttelrt
in funds
At
31.12.22
Ai 1.1.22
Unr¢stri£ted
Gerterdl fund
343,108
66,53l
409,639
TOTAL FUNDS
343.108
Comparative net movement funds, included in the aboTr'e are as follows..
IneomLn8
resour(Y5
Regources Movement
expended
in fund5
Unrt5trt¢ted funds
General fund
865,121
(798,5901
66.531
TOTAL FUNDS
865 121
798.5901
Page 19
continued...

re5 to the Financial Staiemtnts- contin
IDec
mkr2023
15.
MOI"EMENT IN FUIDS- eoDtiDued
A ¢urr¢nt *ear 12 months and prior l'ear 12 month5 combined position is 2s folloiNs.'
moi'ement
in funds
Ai
31.12.23
At l.l.2*
L'Trre5tricted funds
General fund
343.108
492.064
835,177
TOTAL FiiNDS
343.108
A Ujffent vear 12 month5 and prior l'ear 12 month5 combsned nei moi"ement in fuTrd& includ¢d in the akn%'e are
a5 follows..
Incoming
resources
Resourre5
expend¢d
Movement
in fijnds
L'nrestrieted fund5
Generdl fund
2.i46,648
{2.054:584)
492,064
TOTAL FUP4DS
2 546.648
2.054 584}
492,064
RELATED PARTY DISCLOSURES
There were no related F4rty transactions for the v¢w ended 31 December2023.
Page 20

VL
Dewled Stareme
tof
inancial ActiVLties
for th¢ Year Ended 31 Dtccmber 2023
31.12.23
31.12.22
INCOME AF4D ENDOWMENTS
Donation$ a￿￿ ky¢kJ
Donation5
Gran¢s
328
9.936
93
722
10,264
815
Interest re¢eivable- tradin8
168
30
Charitable Activities
Learning centre in¢ome
1671095
Totsl intoming r¢s0￿ree$
1,681.527
865.121
EXPENDITURE
Other ¢r•dinE adivifiei
Pureh15es
Depreciation of tangible fixed assets
Loss on sale of Eangible fLx¢d ass¢¢$
30,820
2.995
303
20.725
.756
34.118
22.481
Support Costs
Matt#gement
Tnastees, salaries
Trusiee5' social steuritv
TTUStees' pensions paid
TNstees' expenses
Wages
Social security
Pen510rts
In5uranre
Telephone
Posrage and 5tAtiOtJery
Sundries
Subcontrdcl cost
Room hire and Gaterin8
Travel and subsistence
Staff training and welfar¢
Computer cosis
Subsrriptions
6,259
1,103
99
97
668.199
50.583
66.353
14.165
753
10.719
2,870
186J54
84,305
38.038
27,391
11,565
4,615
447,412
31.338
56,827
11,270
679
7.483
1,923
84,629
64,736
35.783
l4,257
1,233
2.856
.172.810
761.529
Finallee
Bank charges
986
This page does not form partof the 5taty￿ry financial stLtements
Page21

LC
Ement of Financial Aaii it.
Ended
l December 2023
31.1:..23
31.12.??
Fin¥Dce
Governanet Costs
Auditor5, remuneration
Accountanc
Consultan¢v f¢¢s
Legal and profession￿ fees
7.500
3.860
2,194
7.611
4.076
48.080
r￿￿re¢S expended
798.590
425.533
66.531
Thi5 pa8e ¢Joes noi fonn p￿ of the ststuion. fLnan¢ial statements
Pdge 22