REGIsfERED COMP￿￿1. YUMBER: CE018218 {KnglaDd #Dd Wales)
REGIsfERED CHARITY PiiiMBER: 1184444
rtoftheT
Fitwi
s￿erne
Decernber 2024
Frnncis & Co
Second Flfy)r
12J Promenade
Cheltertham
Glou¢ester5hire
GL50 INTrV

VLC
Contents of the Financial Ststemenis
for the Y¢ar Ended 31 December ?0"4
Rerx)rt of the Trustr¢5
RepK)rt of th¢ Independtnt.4uditOTS
Stat¢ment of Financial A¢Dvities
Balan¢e Shect
14
Cash Flow Statemen¢
15
Noies ￿ the Cash Flow Ststeme
16
Notrs ￿ the Financial Swements
Derail¢d Statement Of Finon¢ial A￿l￿.itieS

VLC
Re
rt of the TTUStes
Th¢ m]siees Mtho are a]so di￿￿r5 of th¢ ¢lwity for th¢ purp)5es of the Companies Act 2006. pres¢nt their r¢pon with
the fin3￿ClaI St￿eMents of the charit). for the year ejyjed JI tkcember 2024. The trustees have adopted the provision5 of
A¢countino and Reportitt2 bv Chariiies: Ststrment of Re¢Omrnet￿td Practice applicabl¢ w ¢hariti¢s preparintr their
accounts in a¢cordance with the FinaDci21 Reponing Standard appli¢abl¢ in the and Republic of Ireland ffRS 102}
{eff¢rtive l ja￿uary 2019).
Simply. exist ts tran5fornJ the live5 of )'oun8 people through comp&ssionate edu¢atitsn. Ov¢r the course of 2024 we
have pro￿)ded education at four sites across Warnickshire: as registered settings two as Lwe8iSIe￿d aiternativc
provision sites.
At VLC. our ¢th05 is roo*d in fostrring a deep sense of belongin& love, and Compassio￿ We believe that every
individual deserves a space where theN feel valued. SUP￿rted, and uThd¢rst(xxl. Our holisiic and trautna-infornied
approa¢h to education re¢ognises the unique journos of ea¢h persotL ensuring we meet their needs with ¢2re and
empathy. Il'e are committed to goinq the extr mile, creaiing aD t￿￿7rOnMent that not onl). nurtures and learning
but a150 builds meaningful connections and tnLSi. At VLC. we strive to emp)weT it￿lY1dVa1$ to thrive academically.
emotionally. and socially. cultivating a communiry Mthere tveryone caTh flourish.
We belieY¢ in th¢ transfomiative power of ¢ducation and ¢crfnmuniry to ¢hamoe lives. Roo*d in Cornpa￿lon, $￿et. and
inclusion. our vision is to i¥)Idty do things differentlv. sts that what feels exceptional toda). b¢eom¢s rhe swidard of
tomorrow. We rejeei one-size-fjts-all models in favour of bespoke. person-certtred approaches that mea individuals
where they are. As Davi¢s d al. (:Olil Ob￿r¥c& -Wiat work¢d best for the disafftcttd young people was an apptoath
that was different (o forn￿1 educatio￿ Wds flexible. informal atbj 2llow¢d the young people to work at their pace
without pressur¢."
This phIlosophy shapes every aspect of our ThDrk from ther2peuti¢ learning enmronrnents to stron& meaningful
relationships. By bridging gaps and Temoving barrier5. we open doors to 0p￿)rnin1ty. resilience, and life14)ng l¢arning.
'e aim to be a voice for the voi¢eles& a pla¢e of r¢stOfdtion and belonttnts. a Iwjnchpad for every learner to step
into their futtlre with confiden¢e and pUr￿se.
OUT work is ground¢d in our ¢ore V￿￿¢S.
- Comp&ssion
- Belonging
- Respert
Integritv
- Petseverni¢e
Joy
To tT#ttsforth lives through eomp*swtt*te éd￿£>tioTr
'e provide all-through education that re5pofMls (o indivkdual tKeds, goes alM)Vt and b¢yoTh4. and nurtures tr[￿110￿al
Wel￿bein& confidence. and a love of leamino in every SbJdenL
To PTovide every child access to gn edutation that meets their nee(Ls
Il'e suppon every Child's a¢¢¢ss LO l¢aming and education. r¢moving 4nd providinr* a space for reflectiot) and
recolery.
To equip Ivarneys for lilekbng gromlh and purpose
We create spaces for reflection and recover%'. preparin8 SLudents for their thapter. We foster resRlience and
self-belief empowering ¢hildTen to engage their COM￿￿ni￿¢s and navigate their ￿tUreS ￿ryth IM)pe.
To fosttr belonging and relationshit￿tt￿tred pr*rtict
We build 5aft, trustin(p and nurbjring relationships bthwren 5thd¢￿ educators. fami.lies. and communities to create the
conditions where learners can thrive.
Page I

VLC
tees
for rhe Ye2r Ended * l Decem
To advocate for svstemic cb*Dge withio ed￿￿til￿?
W'e seek io influencc chan(pe wiihiTh the educauon s%stem ¢0 ensu￿ li is fit ￿ meet the needs of tc%Jay's children and
young people and root¢d in ¢omp&ssion. equity and innovaiion.
The need:
Re¢ertt data paints a troubling picture: despi1e growing awar¢ness of m¢th￿ health and inclu5iOTh School exclusions are
rising. Autumn 202i124 saw. a J41J/o incr¢w in pemwienl ¢x¢liisions and a 40 /0 rise in sUspen5ioDs compared to th¢
same t¢mi th¢ previous )'car. ManN' of the affecied 5DJdents ha￿e addiiionai needs or f4¢¢ c¢)mpl¢x Challenges. These
y￿An8 people have a right kn edue*lo￿ wet many ftt)d themselves on the marg1￿.Un5￿pPorted atld urthard.
It is in¢reasitigly difficult to find sma]l. calrn. therapeuiic learning envirorfftients wtsere students Struggle to aec¢55
mainstream education can tr￿1￿. thrive. s¢1￿0[ refusal. an arLWety relaTed condttion. affects ktwecn 1-5Q/ti of the UK
population. In December ?0:
, over 6i8,700 ¢hildren ond w0￿g people held EHC Plans. an increase of 10.8°/o from the
. SEN sup1￿ h&s risen ￿ 1.7 millioJL a 5.6°/o increase
previous year. Meanwhile. the ￿Tal nutnbtr of pupi15 receiiinlv
since 2024.
Even year5 later the long-term irnpact of the Covid19 pandernsc ci>ntinue5 to unfold: many 5tyd¢nts. oft¢n brighi and full
of p¢Dmise. strnO(ple in mainstr¢am setiing& and without tailored SUPPOTL their confidence, progress, 2nd future
opportunities decline. In 202i. onis. JO.4V/• of pupils with SEXT) a¢hiev¢d a Grade 4 or alK)v¢ in English and Maths
GCSE. compattd 10 72.lQ/y of their non-SENT) peers.
VLC ¢ii5ts to change that Stor).
2024 Dtsmbers
'e Morked 57 sbjdents irt *0?4.
Ile had 140 consuhations for school places in 2024. cornpa￿d to 144 in 202).
- Srndeni affendance (on-roll attd AP Combined) th2s 7V/• 4ams1 bespoke timetable
IOO•/u year I I leal'ers obtsined a qualifi￿110￿ in Maths
vear I I l¢aNers obtain¢4 a qualifi￿rIon in English.
IOOO/¢ Student grades w¢r¢ hiJo ¢r ihan their ¢ntrV poinL
-4t the end of 20?4 we emplo)'ed 47 sthff.
2024 has been a ttaThsfi)nnative vear for NIC. As TnLSttts and Sch￿1 Govemot& are proud to present this review of
a year defined bj" b)Id growth. decpened pur￿5¢. and Meaningful change.
In February 2024, we ￿s0 launched Tr Harbour Projecf. Harbow is a response ts the ne¢ds of the growing number of
¢hild refiJg¢¢s and )'ol￿g aswlum se¢ker5 who are resideni in local hoiels and wljo do vet have schwl plact5 or a wa
acces5 education. We seek to provide 2 wel¢om¢ and the opp¥)rtuniTh tts a¢ce5s education. in line Mryth our core values
as an oreanisation. M'e now have 5tsff N'isii a local ho*] each week in order io deliver sessions to the children
and Joung people there. Studeni llLmibers flu¢Tuate in xwrdance Mith the number of people residenL have
worked w'ith over IIX> young people OV￿ the l'ear.
In Sepkmber 2024 we also laU￿hed little Vine5'. Lfftle l-.ines is our Primary. 2ltern2tive provL5ion setting. b￿d in
Cubbington. We haNe developcd the provision here in rewnse ￿ the huue Theed for 5UPPOrt for voung children and a
deq) sense of wanting to offer sllpp)rt and pro￿ls1On ethier in children's educationa] joumei. ￿-.¢ have leanji significant
amounTS about tht need5 of this cohort of ¥oung people and l(x)k fon%ard to dN'elopin(r our Primary Offer fiuther in the
cominu years.
This year: we took anoth¢r majot step formard b) Securi￿ a[￿ b¢ginning developme￿ on our prgp¢rty for our
independent school. Thjs milestoThe represents more than just bn¢ks and mortar: it is the result of unwav¢ritLg passiot
iireless dedication, and a shared itlief in the IM￿)rIance of we do_ li reflects our comtnitment to creaiing a stable.
nurDJring enN'ironment for the young peopk *"ho necd li rn05L. ￿'t wrre deli£hied LO opth our dwr5 to 5tud¢nts ai Little
Pinum in Sepiember 2024.
Page 2

VLC
ort of the Trustees
for the Year Ended 31 December 2024
'e Kl￿W the need5 are real and growing. The steps raken this }tar are fvelled by that kiKbwledge. and by our
dei¢nninauon to r¢sEM)tKI care. creariNiN. and courage. Our Sch(x>l Improvernem and [k￿lOF￿¢ni Plan continu¢s
guide this work. a[￿ is structwed around Six kry are&k which we Mryll review bek>w.
Leadersbi
and Mana
VLC continues to strengthen leadetship practice. governance oversighL and operalionai efficiency to support the
¢klivery of high-qualjlv provision.
Strategic Leadership DevelopmMi: The Colt Tearn has reflected on ledrning from the School genie Trust Programme
and begun ettknedding selecied stratrgies across stsff ieams to enbane¢ l¢ad¢rship ¢ulture a￿d ¢ollaEK>rdtion.
Stgff Wellbeing and ￿'01<t: Staff voice surveys indicate a cotttitwed ti￿PrOVement in wellbeins reflecting efforts to
Create x 5UPW)rtive and re5POllStYc workplace cultyre.
Governanee and Quglity A55uranee: CK>vcrnor O￿lty A5sufdnce IQA) visÉts have tsket) place. providing external
scrutiny and construcitve feedback io supp)rt improvemeni plannints aTwJ #c￿Untabl1￿ty.
Svsttms and Compliance.. Management sysiems, including fili¢rin(p and online monitoring t(xJls. are now embedded
cr05$ a][ sil¢& (ormino a corc part of daily saf￿ardin￿ and opernional pr￿ed￿e$.
These action5 demonstrate Iic's ongoing cornmimient io strong gov¢mon¢e. efftttivt leadership. and operational
excellence-all of wllich underpin our Mission to protride outstsnditig ¢d￿catiOn and support for evers learner.
thi
* d Lxarnin
VLC is Cotnmitted to deliverillts hij￿ FqUa]itv ieachints 8ThJ learning through sr2ff developn*nL ¢uffÉ¢ulum design. and
qualit! &ssuranc¢ processes. Centrdl to our approach is the St3ges of Gromth frameKirk-a developmentally
infomed model rhat SUPFK)Tts styden¢S M'ho face barriers lo mainstream edu¢&ioN. This framewrk underpins our
¢fduma-infonn¢d and therapeutic pra¢ti¢¢ and guides curriculum plannin¢F ieachins and ass¢ssmeni.
The model Consists of (our stages-Platitin& Nurturin& GroMin& and HarveStIng-￿ith are applied #¢ross three core
arcas..
- Learning and Pmcessin8
- Communication Interaction
- Social. Emotional. and Mentsl Health (SEMHI
This STage-bas¢d system fo¢uses on a 5tudenYs developmental sw rather than age. allowing foT tndy pe￿O￿at]sed
5UPPOrt. Each stage T¢flects En￿￿1n8 levels of independence. en8agethenL and resilience:
PlaDtiDg: building tTUSt and saf
urtvring". forning relationshtps and beginning mctured learning
Growing- consolsdating skills and navigatints %TrdeT eniironments
H*rvestiDg: showin(r Independer￿ atld preparing for nextsieps
LTsed across all NIC siies. in¢ludtng Hathiur. the framework iDfonn5 individua] l¢arning plan& sthffing approaches. and
support sirategies. Progress is tracked using staff observations, ¢￿ern￿ inpuL and an adapted version of the A￿l$M
Education Trusi IAETI Progrtssion FTaTneMoTk.
This Str￿lure allows US to mwure student Progress wÈth clarttv. aljgn with EHCP outcomes. and ￿rydence impaci ro
regulators and srakeholdeTS in a meaningful aELd accountsble wdy.
The following key actiotLS have a]so strengikned edll¢•ional delivery and student progress acros5 Ihe organisation..
Qv21it)' Assurince and Plxnninr. Leaming enMronmeNts aTe no￿ 4"stenuticall5' reNiewtd ￿ part of the Tea¢hirtg and
Leartling QA prncess. Staff are confid¢nt in anicul&ing l¢sson obje¢tive& a55e5sment opportunities. and ¢xpe¢t¢d
outcomes. leadingto greater clarity attd eoThsiAency in planthin

Re
rt of the Trustees
for the Tr-ear Ended il Decern￿r 2014
Cwrritulllrn Rtiiew #nd Ewbedding: The Curriculum Polic). ha5 been updated io reflect changes in approach and
deliN"eTr acros5 siks. The Curriculum Framework is t)oM' embedded inio dAil¥ p￿dICt. ensuring Cohe￿O¢e across
¢entres. 4th English Sybject Lead has been appoinied 40 styengthen 5ubjtct specific leadershÈp and 0￿ersight.
Re*ditig EnygerneDt: A recent LoTre of Readin(p reTrAiew' hiJo LI1￿¢￿ incre&sd snul¢nt eThgagem¢m with a brnader
range of iems.
Staff TrainiDg and Development: .411 staff hav¢ r¢tti%¢d trainlng in Core ped3gogi¢a] theories and practices.
supporting a consistent approach io ieachintp across ihe organisaiion. Stsff are erKoura8ed to actively implem¢nt and
n￿¢] foundational pcdagogtes in their ejassmom pr¥tttt.
TeclLDo1o￿ aDd Safet).: Investmcnt in digital infrastructure h&$ enabled consistem fLltrring and monitoring Svstems
across all sites, supw>rting safe and effeai%"e use of ￿ChnOlo￿".
Governante 9nd External Oversi
t: .4 aovernor led Q.4 visit h&$ tsL"en place. feedba¢k incotporaied I￿10
tsngoiDU dev¢lopment and iTnproTr¢meni planni￿.
Impact on StudeDt Outcomes: ETridence from planning. I￿￿ looLs. assessmenL and QA shoms measurabl¢ individual
progress acros5 all three core Stsges of Gro￿￿h. Th)(able gains in readtn8, maths. and spelling.
These developments rtflect a strdteoic and resPo￿l¥t apr￿a¢h to leaching and learning. eAswing that both staff and
Sll￿¢nts are supponed to achieve htgh standards in an inclusive. •¥alues•led eTLvin)nment.
AchieTremeDt and Outcomes
f Stlldents
VLC continues to prioriiise rob￿$1 slstems thai ensure SllLd¢nts 2r¢ supp)rted efftttiielv from the p)ini of enw through
to post 16 transition. .4 serie5 of d¢*"¢lopments hait strengdKn¢d our ability w plan for. tsack: and evidcncc indivsdual
progress aTrJ p)sitive outcomes".
Stud¢ni Voiet *•d IndurtioD: All ￿tem*￿ve provision STudents ￿ IlThithash and CubbingTon have wntributed to their
ow) Learner Information Passport5. promotin(t oHiJer5hip and self-aTh2reness from the ￿arr of their journey. The student
irvJu¢tion pr￿¢s$ has brtn r¢vi¢MEd and rtfin¢4 with updated dOcUll￿1ation WTur]￿- the key elements of each
learnerf5 Starting FM)inL
Parent and Carer ETrga&emenl: All families participating in the tri￿ ph￿¢ received tk S￿ge5 of fjro￿h
Questionnaire. 5UPPOrting ¢onsi5tent dialogue between laome ar￿ ￿IK￿l. Attendance ￿ Celebrating Success Days h&$
teflcctiti8 Strongtr family engagcrn¢nt.
P05t-16 Destin#ti•n$ and Career5: The majoriN Of Year I Is and selected Year IOS hai'e undertaken care¢rs and
Irartsition meetings. with etreri Sttkleni suptKprted to 4)pl%" for a ¢olleg¢ ¢oJ￿¢ or apprenTi￿hip if appropriate.
A¢adewic TrackiDg and Tr"ear I I students have now had muitiple OPFX)minities to Complete m(*k exams. with
daL4 arolv%d and u*d 10 inftsrm r¢5wnsiv¢ t¢xhin£ All Year I l aJ￿ s¢lected Year 10 swdents are ￿OrkIng ￿WardS or
have achieved qualifications in English and Ilathematies.
Asstssment IlDd Success Capthre: All students are supported to rnake p¢r50nal progr¢5s from their point of enty.. &$
rneasured against Arics's three core Stsges of Growth.
EHCP and Transition Targets: Out£ome5 for pupÉls traAsitioning into Kei. Stage 4 are being mei in lint %%tth their
EHCP tsrg¢ts.
These targeted well-coordinatrd svstems ensure that no SttLdenVs progress is left to chan¢¢. Fwm P¢Tsona]is¢d
inductiDn to post-leavin8 supw>fL every %oun8 Per￿)ll is ￿tIded along a pathwaN refl¢as th¢ir str¢ngrKs, goats. and
individual needs.
Pa8e 4

VLC
rt ofthe Trustees
for the Year Ended 31 Dccernbry 20?4
Attitude
Behavio
frtv
(p and safewding at the heart of its provision. underpu)t)¢d by a strong v41ues bas¢d
VLC pla¢es STr￿¢nE wellbein.
approach and cotnmikneni io tsauma infonned pran1￿. Th¢ following d¢v¢lopTh*nts and outwm¢5 highlight our
progress in this area=
Values-Lod Culture: Students are engaping with our CO￿ vatues. Mthich shap¢ exp¢ciation& beha￿0￿r, and ¢ommunity
Ment*1 Heahb Support: There ha5 been a significant Incre￿ Én the numbcr of students accessin£ Én school rnental
health support. For those engaged in additional 5upp(>rL measurable Prog￿5$ in Cmotkonal wellbeing ha5 been recorded.
Indi11d￿ll1s*d Sllpport: Every s￿deth tM)w has personah.sed emtiorjal regulation stMe8ies recorded in their
Indi>idual Learning Plan (ILP). with consistent implemenwion across S¢ryines.
Att¢ndaD<¢ and Englgernent: Attendanct plan5 are in platt for all studtnts requiring ￿ditional supwrt. Absence
procedLre5 are followed rigorousty. and all staff are accountable for supportin8 r￿n¥4
Parental Involvement- Engagement from parents and carers has Incre￿¢L ¢onthbuting positively kn swdent othcomes
and School (onntction.
Saftgulrditsg Excelknte". Robusi safeguarding syst¢ms are in plac¢ and regularly reviewed. ensuring pupil ￿fety
remains eentrdl to our prdcrice.
Emotion*1 LRterdcy And Citizethship." s￿￿ents are 511PW)rted to develop high l¢i'e15 of emotional liieracy and aTe
encouraged to tak¢ xwuntabilitv for their actions. preparing them to b¢¢om¢ ¢ompassionate aTrJ Ttspon5ibl¢ members
of s￿IetY.
Positive BebaviouT Cultsrt: stro￿ rel*lonshi￿ celebMion svstems, and a r¢#or*ive approach promote
self-Tegulation. re5pecL atKI wellbeing througknut ihe school communifv.
This holistic, proactiTrr apprtsa¢h ertSUTes that all snLdents are supporfed not just academic￿ly. but sociall>' and
emotiona]ly. enabling them to thrive wthin and iwDnd the classroom.
Mtion for Adulthood
VLC has embedd¢d the four kes. rn of Preparitho for Adulth(Kx4 {PF.41 tmpltsvmenL independent livin
omrDunity
Inc1￿lOn. and heakh across its curriculurn and planniDg ss"s¢ems. .411 Centre Leader5 are familiar ￿7th these are&% and
athivelv it)wrwTrrate them lTr￿ indivtdual and wlK>le-scknI provision. Key developments 8nd aehiev¢mems include:
CMrrifuluTh IDt¢gr#tion: PFA IiDks are ¢xpli¢itly mapped across curriculum d￿￿Ments. PSHE, and SMSC provision.
with Qualilv AssuraJ)¢e ¢he¢ks ¢onfirming alignmenL
Skills Builder Fr*mework: All KS) and KS4 studenTS with EHCP5 arc encouraged to cornplete Skills Builder audits to
inform their personalised learning plaths and progffssion ro*Amaps.
Work ExperieDce.' Taster session5 and placements have been delivered for Year I I SEudents aT￿ aTran(ped for Year 10
Students wherever wssible and apprtspTiaie.
Ongoing Quality.knuNnet: KS4 Roathnaps aThJ KS3 PFA probisK)n are regularly Teviewe¢ feedback provided
to support further defvelopment and praetice.
Wider Impact: PFA is T￿w a wr¢ asp¢d of th¢ learni￿ culturt at VLC. ¢mb¢dd¢J in daily routin¢s and languag¢
across sites. Feedb2ck from students and parents de￿nstrateS a strong Frf)Sttive impact on aspiration& COnf￿eThee. and
Prepa￿th￿SS ftsr next Meps.
Page 5

VLC
of the Trustces
for the Year Ended il December *0•4
This structured and embedded approxh en5urcs that all students-particulorl). those with EHCPS are SLLPJK)rted in
defveloping the k￿)￿led￿le. sk.ills. and confidence theN' need to transiEion S￿ceSsfi]llj. Into adulthood.
IDdt dent Scbool Stand8
VLC made siqnificattt prowss in strength¢ning its it￿r￿￿Te a￿1 operational Ca￿lTh, ac]rJss multiple sites.
nsuring continued cornpliatlce. quality. and sNd¢m ¥ttss to high Stat￿rd prol'ision:
New Site Aequi5ition aDd Ikvelopment= .4 nv4" farm 5iie (Little Pinuml has been secured Is part of VLCS long4emi
5trat¢gi¢ growth. Phase l of deVCk>p￿￿M has been completrd with infr&strucfrJre work to supp￿1 ¢d￿atIOnal and
IherdP¢Ytic provision.
Site Compli*nct Readiness: Th¢ new si* opentd w on-roll students in Sepiember Tro?4 with us ensuring ISS
¢ompli2n¢¢. Food hvgi¢ne inspections have been carrted out xi Shtsttery. Cubbrngtt>n. and the nem. si*. erLsurino safe
op¢rational pra¢ti¢es xrogs 3]1 Io¢*10￿.
E￿￿￿.4d[n7n1StrJIi0n 2nd Success: A n¢w' Exams Officer has been apw>intrd ￿ lead on exams administr41ion. flwther
enhanctng snt¢mai capa¢iry and ensurinu compliance ￿1th relula￿rj. requiiements.
These de%'etopments refleet VLC'S ¢ommilment io providing safe. high qualits. envLmrtm¢rtts ftsr 51ud¢nts and staff, whil¢
strengthening operaiional sV5tt￿LS a￿1 maintainino complianee across a]1 asp¢¢ts of protrision.
FiRan¢ial ReTrieiv
Our finaThciai statements show net incoming rrsowre5 for the vear on SchLK*I activities of £396,82812023.' £425:533).
The principal source ocincome is f¢e5 for children Mljo arc on n)11 with VLC. As a ehartrv: all Income of the School rnu
be applied for educational and social ￿'elfare purposes. The Go%"ernor5 plan to use the5¢ to eoniinue To expand the
provision that w¢ offer our SttHlents. We pa!. as an emplo)tr Ehroueh the nationa] insurnn¢e Contributions we make.
Rtserves and Fin*Bcial Hulth
Gov¢rnors regularl J review the f￿ances. bud8ets and spend againsi budw tog¢d*r with a (zsh flow anallsis as pan of
the effective ￿ewardshIp of the School.
Pension Lixbilitv
Two pensions are used by VLC - The Teachers, Pensions arjd NEST. The bank IKJld5 a ￿)nd of £14k in re5peci 10 any
Te￿herS Pensions contributiotLS that rna> be unpaid as a r4uir¢ment for belon?oing to the scheme.
Public Benefit
The trus¢¢es have had regard to the Clwity Commission's ￿lidance public b¢n¢fft.
STRATEGIC REPORT
Achievements and perfotiDanc¢
A¢hieN'¢rnent and p¢rfortnac¢ detsils can be fouDd in the Re￿rt of th¢ Tnwees.
VLC does noi carry. oui SI￿1￿Cant fi]ndrdising actiiititt.
STRIICfDRE. GO￿.ER￿A￿ICE AND %1.4N.4GENIE)T
Governing document
The ch3rih' 15 rontrolld by its .￿vernin<Y
. documenL a de¢d of trusL or¥J constitutes a limited compan>.. limited by
gU>￿tte. as defined b). the Companies Aci 21)06.
REFERENCE AND ADMINISTRATIIE DETAIIS
Registered Comp3Dy nwnber
CE018?18 IEDgland al￿ Wales)
Registered Charity numb¢r
I IS4444
Page 6

VL
f the Trustees
for ihe Year Ended i l Decem
2024
Registered otric¢
St. Mi artsJrets Centre
IO) W'hitnash Ro&1
lihitnash
Leamington Spa
Warwi¢kshire
CV312HB
Tr￿Ste¢S
Mr C Srtelson
Mrs L Nash
Rel'erend B J N'ash
Mrs H Jau)b5
Mr C Theophilus*Bevis
Senior Ststuiory Auditor
Warren Frdncis
Auditors
Frdncis & Co
Second Fl(K)r
123 Promenade
Chelienham
Gloucestershire
GL50 INW
STATEMEI%T OF TRLISTEES. RESPOYSIBILITIES
The trusttts (￿h0 are also the direaors of NLC for the PUTtA)ses of companv lawl are responsible for preparing ihe
Report of the Trustees and the fllwi¢ial stakments in actordance with appliEabk law and Lnited Kingdom Accounting
Standards {L.nited Kin4¥dom Ge￿ra]I￿..￿CCtpted Accountino Practi¢el.
Company 13vi rcquires the trusi¢es w prepare fin2n¢ial ststements foT each financial year. LTnder that law. the tru￿¢¢$
have eleaed to prepare the financiat ststements in accordaD¢e L'nited Kinodom Generally Aceq)ted Accounting
Practice Iunited Kingdom AccoLhnting Standards and aPpli￿11t lawl.
Under companv law the trustees must rtot approve the fman¢ial ststements unless thev are satisfied that ihey give a true
and fair view of the stste Of affairs of the charitsble companv and of the incoming resources and application of
regour¢e& inrluding the tneom¢ and expenditure. of the charitable company for that period. In P￿paring those finathcial
stsiemenis, the are required
select suitable accounting wlLCle5 atld then applv thern Consi￿¢n￿￿.
ob5¢rve the methods and prirKiples in the CTharilies SORP:
make judgements and estimats ihat are re&%onable and prudenL
prepare the financial ststements on the going ¢orKern basis unle5$ it is inappropriate to presume that the charitable
company will continue in business.
The trustees ar¢ responsible for keeping proptr acco￿tin¢P records disclose ￿1th re￿nable accuracy ai any time
the fInancial position of the ¢hariiable companv and to enable them io ensure that the financial statemtnts comply with
the Companies Act 2006. Tho. axe also resw)Dsible for safetsuardino the tssets of the charitable t¢)rnpany aTrl hence for
king reasonable steps for the Prevention and de￿tIOn of frnud and other ]￿egUlaritieS.
In so far as the trustte5 are awar¢.'
th¢r¢ is no relevant audii infomiation of whIch the charitsble compan}'s a￿titors aft unaware.. and
the trustees have tsken all steps thai they ought to have tsken to make themselNts aware of any relevant audit
tnforniation and to estsblish ih* audttors are a￿?re ofthat Infonnation.
ALDITORS
The auditors. Frdncis & Co. yill be prO￿Sed for re-apw)intment at the forthcoming Annual Gener41 Mectin8.

L)f th&. Tr
fnr Ihe )'VAf F.r¥led I I fkrErkn ryu:.
P*v¢¥¢7xI B J %•5b.TTV5t¢¢

Re rt ofthe Ind
VLC
ndent Auditor5 to the MembeT5 of
Opinion
We have audited the finÈncial ststements of VLC lthe'charitsbl¢ wmpan! } for th¢ y¢ar ¢nd¢d 31 D￿¢rnb¢r 2024 which
comprise the Staiem¢ni of Financia] Activities. the BalaTh￿ SheeL the Cash Flow Ststrrnent and notes io the financial
stsiements. including a 5ummarJ of Si￿lfi&7nt a¢counling w)lJ¢ies. The fiMn¢i3J ieFA)rting framework that h2s been
applied in their prepar2tion is applicable law and UniEed Kingdom Accounting Standards (United Kingdom Generally
Accepted Accouniino Practice).
In our opinion ihe financial $￿eMem5..
give a tnle and faÉr view of the state of the charitable ¢ompan)'s affairs &% at il December 2024 and of its iticoming
resources and application of resource& includirtg its itKorne and e.xpendiftre. for the year then eTrJed:
have been properly prepared in accordance wth L Thited Kinodorn Genera]Iv Accepted Accounting Practice: aThl
have been prepared in accordatKe ￿7th the requiTements of the Companies A￿ 2006.
Basis (or t)pinion
'e conducted our audit in accordance Mith Imernational Standards on Auditing (L￿) IISAS IUKI) and applieable law.
Our responsibilities under those StsTwJards are fiuther described in the Auditors. responsibilities for the audit of the
financial statements seciioTh of ow rew)rt. Il'e are iThJependeni of the charitable companv in accordance with the ethical
requ￿¢t￿ents thai ar¢ relevant to our audit of the finaneial SL￿ements in the Lry(, including the FRC'S Ethic￿ Stsndard.
and ive have fulfilled OUT Other cthical resF¥)nsibililies in a¢¢ordan¢e Mith these requirernents. We believe that the audit
evidence we have obiained is suificient and appropri* io provide a basi5 forour opinion.
Conelu5ioDs relating to going concern
tn auditlng the flnancial swements. we ha&e ¢on¢luded that the mwees use of the going concem b&sis of accouniing in
the prepaMion of ihe financial S￿ements is appropri￿e.
B￿¢d on ihe work we have perfornied. have identified anv material ￿￿tnaIntieS relating to events or ¢onditions
thaL individually or ¢olle¢tiN'elJ. may tast $1?nific8nt doubt on the chxtittble totnpanv's ability to continue as a going
¢oncern for a rkriod of at leaSttt￿fve ￿K)nthS from the financial st*ments are authorised for issue.
res￿nsibIlItIeS and the resp)nsibilities of the trusttts with res￿1 to going concen) are described in the relevani
sections of this reporL
Other information
The trustees are responsible for the other information. Th¢ other inforrnation comprises the infonnation included in the
Annual keport, other than the fin3neial stsiements aTJd our Report of the Independeni.4udi¢ors therwD.
Our opinion on The financÉal sratern￿ts does not o)ver the other Inforn￿10ft aT￿. except to the extcnt otherwise
expliciily stated in our reiwL do express onv form of as5uran¢e ¢on¢lusion thereon.
In ¢onn¢xtion wsth our audit of the fmaDcial statements. our responsibility is to r¢ad th¢ other infom1￿10￿ and in doing
so. consider whether the other infom)ation is mat¢riatl!' iDconsistent with the fIT￿ClaI 5tat¢ments or our knDwledge
obLqined in the audit or other%vise appears to be materiallj Tnisstated. If identify. such material inconsistencies or
apparent tnaterial misstaternents, are requited to detennine wthether this gives nse to 3 materia] mis5tst¢m¢nt in the
fjnancial 5taternents themselves. If. ba%d the work w¢ have performcd. we conclude that there is a material
Tnisstatement of this other infOrn￿tiOr￿ we are requirtd to report th￿ faci. We have ￿￿thing to rewrt irt thjs rtgard.
Opinions on other m&tteT5 prescribed bw the Coln￿lieS Ad 21)06
In OUT opinion. b￿ed on lh¢ work ￿}den3k¢0 it) th¢ course of the audtL
the inf(rniion given in the Re[￿rt of ihe Tr￿slee5 for the finarKial year for which th¢ financial 5th1em¢nts are
prepared is consistent with the finaneial stsiements: and
the Report of the Trustees has bttn prepared in accordaTtt applicable requirements.
Page 9

rtof
io the llembers of
Matters on which we Are requir¢d io rtport b!. exception
In the light of the knothledge and undtrstsndiThg of the chan"tsbl¢ COMpa￿Y and its en&ironmeThi obtai￿￿ irj the ¢ourse or
the audit. we have not Identified material miss￿ements tn the R¢w)rt of th¢ Tn￿￿e5.
V¥¢ hav¢ nothing io Teport ID respect of the followinq manets *th¢rt the Companies.4ci ?006 requires us ￿ rep)rt io you
if, in ow opinion-
adeqllate a¢¢ouniirtts records have not been kept or retums adequa￿ for our audii have noi been received fmm
branche5 not N75iled by u5.. or
the fInan¢ial #•¢Tn¢nts tK)i in agr¢emeni with the a¢¢othiting records and rewrn5: or
¢nain di%losures of tr￿STeeS, remuner*ion S￿lfied b!. la7A" are not made; or
we have noi received all ihe inform￿lOn and explatwons we require forour auditi
Re5POnsibiiiti£s of tr￿tee5
As ¢xplained more fvll} in the Statemeni of Tn￿l￿s. Resp)nsibilities. the tru51ee5 I￿￿0 are also the directors of the
charitsble company for the purp05¢5 of compani. la￿) are reS￿nsIble for the preparation of the financial statements and
for beints sa(isfied that they give a mle and fair view. and for Such internal control as the ￿st￿S determine is ne¢e5sar!
enable the preparntion of financial 5tstements that we free from m*eTial missratcmeThL wthetherdue to fraud or t￿r.
In preparing the financia] statements. the trustees are restrt)nsible for assessing the chariiable co]npanv'$ abiliw to
continue as a going concem aisclosino. as applithle. rnaller5 related to gointi eoThcem and using the votnu concern
basis of accounting unless the tTUSi¢¢S either intrnd to IiqLEidaEe the eharitsble Company or ro cease operdtions. or ha¥¢
no realistic alternatiNe but io do KJ.
Page 10

rt ofthe Inde
ndent Auditor5 to the M¢tnbeTS of
VLC
Ovr responsibilities for the audit of the fiD*nti*l ststemeDts
Our objeaives are io obtsin reasonable assurance atrout Hl)ether the financial $wen￿nts as a Mthole are free from
material misstatemenL Mthether due to fraud or error. and to issue a Report of the IT￿ependent Auditors that includes our
opinion. Reasonable asswan¢¢ is a high level of assuraThce. but is Th)t a guaranre¢ an audit condu¢t¢d in accordance
wth ISAS (UK} will alwa)s de*ci a materia] mtsstalemenr then it exists. Misstatements can arise from fraud or error
and are considered material if. individuailv or in the 4gregate. rouid re&wnably be exTKCted to influence the
economic decisions of user5 tsken on the b￿15 of these fInanc￿l S￿¢[nents.
The extent to which our pnxedwe5 are cawdble of dettrfing irregularities. including fraud i5 detailed klow.
Our approa¢h to identifyIn4 and assessing the risks of material misstatement in respect of irregularities. including fraud
and non-compliance ￿1th and r¢gulatiOTL%. as foll￿5..
- the engatremfflrt parther ¢￿$[w¢d that the engagement te•n ¢oll¢ctivelv had the appropriate competence. Capabiliiies
and skills to identity or recogni5e ry)n-cornpliance with appliL3ble laws and req11￿lOns'.
- we identified th¢ laws and reqllations applicable to the companTr throu￿ dis¢U5sion5 directots and other
man3g¢m¢nL 2nd from our comDJercial knowledge and experience of the sector in wthich the o)mpany oper*s:
we focused on specific laHs and rw1￿10n5 we wtjsiderrd mav have a direcT tnalrrial effect on the financial
staternents or ihe opcration5 of the cornpanN. including the Charities A¢t 2011. taxation legislation and data protcctioD:
anti-bribery. employment. enNTrronmental and health and safw- le(pislation:
- we a￿eSSed the e￿en[ ofcompliance with the artd ￿gUlationS identified above through mth.ng enqviries of
managemeni and insperfing legal ￿￿¢s￿ndence.. 2nd
- identifled laws aTrJ rNLlations were communicated within the audit team regularlv aDd the team remained ￿ert t
instances of non-cornpliance throu￿)ut th¢ audit.
We assessed the $￿¢ePUblI1ty of the company'5 fiDaociai swements w Materi￿ mi5StaiemenL )r￿lUdIng obiaining at
understanding how. fraud mighi oc¢w. bv:
- making enquiries of management ￿there they considered there Vias susceptibilÈty to fra￿J. their knowledge of
tual. suspected and alleged fraud; and
- considering the Intemal controLs in place to mitigaie risks of fraud and noTrc4)mpliance with laws a￿1 regulatio1￿.
To addres$ the risk of fraud throu￿1 managemeni bi&s a￿1 override of control&
- perfornied and1￿1¢87 procedures io identify. and unusual or uTrexpeaed Telarionship&
- tested joumal entries io id¢Thtify unusual transactions.
- assessed wheiher judgments and wwTr)ptions made in deterniinin? the aceountittg eoimates wtr¢ indi¢attve of
pot¢ntiai bi&s: and
- inv¢stigated the rationale behitid Si￿]ricant or uThusuai transactions.
BeCa￿e of the inhereni limitations of an aDJiL there is a risk that will not detect a]1 irregulartiies. including i1￿se
leadin(p to a material misllatement in the f￿at￿la1 swements or ￿n-￿mplIanCt with regulation. This risk increases the
more that ¢omplianee a law or regulation is removed from the ￿'ents 8tMI transactions reflected in Ehe financia]
statements. &$ we will be less likely to be¢on￿ aM•re of itN2n¢es of JK>n-¢omplianc¢. The Tisk 15 also greater regarding
irr¢gulariiies OCCUJTing due to fraud rather than error. as fra￿j involwtt intentional concealmenL forgery. collusio]
omission or Tn15repr￿￿laIIon.
A further description of our ￿$￿)nSIbilitieS for the audit of the financial statements is located on the Financial Reporting
Council's website at wi￿.fr¢.0rg.￿k.,a￿dIf0r5re$pOnS1bi]itIes. This descripiion fornis part of i)ur Report of the
Independent Audiior5.
Pagell

Ind¢
¢ndent Auditor5 to the Ife
VLC
Lse of our report
This rep)rt is madc solelv to the charitsble companN. s rnembers. &s a in acetsrdan¢e with Chapter 3 olPart 16 of
the Companies A¢1 ?006. Our audit wx>rk. has been underrak.en 50 thai V4r miJr* i stsie to the charitable companv's
mernbers those matters we are required to state io them audiiors. rcport and for no other purpose. To the hllest
extent perniitted bj law. we do not accept OT &&5ume responsibiliTh to at)}one oiher than the charitsble company and th¢
chan"tsbl¢ ¢ompaJhN"s m¢mber5 &s a FK>th.. for 0￿r audii knork". forthis report: or forihe opinions w¢ haN'¢ formed.
Warrtn Frdncis (Senior Statutory .4uditor)
for and on bellalf of Francis & Co
Second Floor
1?3 Promenade
Cheltenham
Gloucestershire
GL50 INW
30 Orfober ?025
Pagc 12

tatemeTLt of Financial Activit
or ihe Year Ended 31 tkcember 2
31.12.24
31.12.23
Total
fijnds
Unresrricted
fund
INCOME AYD ENDOW.￿lE%￿s FRO.M
Donations and legacies
9,782
10,264
Cbaritable *ctivities
General
2.479.618
1.671.095
Invesmieni incom¢
14216
168
Tol*l
2.503.616
1,681,527
EXPENDfTURE of*
RaisiDg funds
85.8)9
34,118
Charitable 8rtivities
General
1020,949
l.L?l.876
Total
1106.788
1255,994
NET INCOME
i96.828
425,533
RECO.NCILIATION OF FLNDS
Totsl funds broughi for¥vard
835,172
409.639
TOTAL FUNDS CARIUED FORWARD
1.232.000
835.172
The notes fom) part of these fina￿1?1 statements
Page 13

L 5.hc
11 tk*&rnlier ?0
jl.l? ?4
il.1:..23
Totsl
ruod
FI.NED.WETS
Tan¥ible. J%)¢lts
-511.747
CLTrRENT XWTS.
90i.076
4i4.676
659.841
916.447
.jj9.75?
1376 ?95
CRL"DITOR5
13
1174.YJJl
1744 4461
TT C￿RRENT.￿￿£F.Ts
121.749
TOTAI. &KAI."'IS' Istsb Ll.RRL'.%T
.IA8ILI'IIL
li5.172
CRLDrroiv
Amouthts fallths aftcr J*ott th*k
14
1814.Sn
16
TOTAL Fi'NDS
l.i5_1 n
Tr wYr¢ appwi'ed ly¥ the Brtrard of Tn￿1£¢$ and autkntsed for i59Je on JO Oaober )O?l Ind wtte
1tse fi>Tm part rfth¢s¢ fU￿￿lI1
P4t 14

VLC
Cash Flow Statement
for the Year Ended 31 December 20
31.12.24
31.12.23
Cash flows from optr*tiDe aCtiThities
Cash generat¢d from opetalions
Interest paid
280.i29
{29.563}
4i1.745
Net cash provided by operatints adivities
250.766
431.745
C%5h floF/5 from inveming Xclivities
Pur¢hase of tsngible fixed assets
InieTest re¢eived
11.575.062)
14216
(12.5001
168
Net cash used in investing adivities
{1.560.8461
{12.332)
C*$h Ilows from fw*ncimg activi¢i¢s
New103ns in vear
828J09
cash provided by financing aaiYiiie5
Cbllge ill tash and cash equivalents in
the reporting ptriod
Cash ¥nd cash equivalthts at tht
IKginDing of the reporting pti?)d
{481.7711
419,41J
916.447
497,034
C*$h And ¢a5b equiv*lents *t the end of
the reportlng period
4i4.676
916,447
Th¢ notes forni part of these fiman¢ial statwnrnts
Pag¢ 15

¢ Cash Flo￿.
for ihe Tr ear Ended .
taiement
mber ?0•4
RECONCILL4TIO)4 OF NET INCO.IIE TO.%ET CASH FLOM" FROM OPEIL4Tt%G .4crTr'iTIES
31_12.?4
et in¢om¢ for the reporting period {as per the Stsiemtht of FinaDcial
ArtiTrities)
Adjwstments for.
Depie¢iatson ¢harge5
Loss on dispo5￿ of fixed assets
Inr¢resi received
Interesi
Incre&se in debtors
Incffa5e in ¢redirors
396.828
425.533
2.995
303
{1681
114.2161
29.56i
{2452?81
106.644
1295.5i61
298.618
et cash providtd bv oper¥¢ioo5
280.)*9
431,745
.4fiALYSJS OF cH.4￿GE5 IN NET FLIDSV{DEBD
At 1.174
Cash flow
At31 12.24
et task
Cash at bank"
916.447
1481.7711
434.676
916.447
1481.7711
434,676
Debt
Debts falling due M"ithtn l %'
Debts falling due afier l year
IlJ.7J61
(814.5731
113,7361
(814.5731
1828.3091
1828.3091
Toial
916.447
{ l.il 0.080}
{i9i:6331
The notrs forn) part of these firwKial sra*men
Page 16

VLC
cial Ststements
T 2024
for the Year End
AcCO￿yrIllc POLICIES
Ba515 of pre￿ring the statements
The finan¢ial statern¢nts of the chan"table company. Mthich is a publi¢ benefii entity under FRS 102. havc bcen
pr¢par¢d in accordance the Charities SORP (FRS 102) '.4¢￿U[ltinu and Re￿thng by Charitie5.' Statement
of Recommended PTartice applicable to ¢hariiies prtparing their a¢￿Unts in accord8n¢e the Financial
Rep)rting Standard applicabl¢ in the Ll( and Republic of Ireland (FRS 1021 (effedive l January 20191..
Financial Rew>ning Standard 102 The Finartciai Ryrting Stsndard applicable in th¢ LK and Republic of
Treland, and the Cornpanies .4cl 2006. The financial stttements have been prepared under the historic￿ Cosi
convention.
All income is reeognised in the srate￿￿￿ of Finaneial Acbviues onee the charirv has entitlement to the fund5, il
is probable that the incotne H'ill b¢ r¢¢eived and the amount ¢an be me&sured reliabl}'.
Income rnainly comes from tenn ftts for str￿ents that 2ttend VLC. Th¢s¢ are invoiced to other schools or the
loeal countil_
Expenditure
Liabiliries are recO￿lSed &% expendimre as 9)on as there is a leea] or constructive obligatiott Comrnitting the
¢hariTy to that expendtture. Il is probable thar a transfer of e¢tsTK)mic benefits w]11 b¢ required in settlement and
the pJrK)unt of the obligation be measured reliabl%'. Expendtiure is a¢¢ounted for on an at¢Tua]s basis and has
been classified und¢r headings th* aw¢g*¢ a]1 rost re18tsd to the cate•>rv. Where costs cannot be direttly
attrtbut¢d to particular kadings they have been aUoc*¢d to activities 00 a basis conststent with the use of
resourccs.
Tangible fiied assets
DepTeciation is pmvtded * the follo￿7n8 annual ra*$ ID order to WTite off each asset over its estinmted us¢fvl
life.
Plani and machinerv
Fixtures and fittings
Motor vehTcles
Computer equipment
I￿1? on cost
15Qh on ¢ost
21P/o on cosi
No depreciatÈ(>n has bttn charged on the freehold property a% the ass￿ was acqui￿1 durin8 the fit)an¢iot year.
•Jd its value is deemed to be equiv￿¢￿ io its com.
TaXa￿D
The charitv is exempr from conh)ratioD on its charitable activities.
Fund 3CCOUBting
Unr¢5thcted funds can be used in ar￿￿lat￿¢ with the ¢hartthble ObJ￿1Ve$ at the discretion of the tswstees.
Restricted fimds Can onl). be used for particlliar restricted purrATr5es within the objects of the charity. Restri¢tions
arise when spe¢ified by the donor or funds are rdised for particular restri¢trd purp)ses.
Further explanation of th¢ nature and pwwpse of each fillMI is included in the to the fina￿la1 statements.
P¢nSiOD £osts and •tbtr m-TetiremeDt benefits
The tharitabl¢ cornpanv operat¢s a defirbed contribution pension scheme. Contributions payable io the charithble
company's pension %hem¢ are to the StatemEm of FinaJKial Activities in the period to wthich they relate.
Page 17
ntinue41...

otes 10 the Financ
for the Year
taiemenis- conlin￿l
l December *0?4
DONATIOTr•S A)D LEG.*CIIS
Jl.l? ?4
il.12.2i
Donations
Grants
4iO
9.i32
328
9,936
9.78?
10.2fy4
Grdnts receivrd, includ¢d in the aFK)ve. are a5 follo￿.
Jl.12.?4
General
9.332
9.936
The 8Tani received in the )"¢ar rel*¢d to a CoNid-19 reco%'ery premium grant
INVESTME￿￿ INCOME
)1.12.24
31.12.2i
Intere￿ receivable- tradin"
14.216
168
tNCOME FROM CHAIUTABLE .4CTTrTfiES
il.12.24
31.12.2J
Learning centre ineome
GeneTai
?.479,618
,671,IW5
CH.4RITABLE ACTIVITIES cosrs
Support
0515 {see
note 61
General
2.020.949
SUPPORT Costs
G0Ven￿￿e
costs
Finan¢e
Totsls
Get*ral
.9i2.i62
44.759
2.020.949
¢oniinu¢d...

VLC
Nottt io the Financial Ststeme
continue
for the Year Ended 31 tk¢ember 2024
ET INCOMEI{EXPE%DrfLTRE)
Net incomel{expenditwel is stskd alkr chargJ'ng{¢reditin8):
Jl.1224
31.1£.2J
Audiiof5' retnunernion
Depreeiation- owned assets
Deficit on disposal of fixed &ssets
9,300
6.738
7.500
2.995
303
TRUSTEES. REMUNERATIOP* ￿ND BENEFt15
31.12.24
31.12.23
Trustees, ￿arleS
Trustres. social securitv
Tr￿￿te5. pensions pai41
24.839
6,259
445
558
27.570
6,803
The ttustee renumeration relates to one TnJstc¢. Hantthi j￿b> in r¢laiion to her employment with the ch&Trty.
Trustets, eJpen
31.12.24
31.12.2i
Trustees, expenses
97
STAFF COSTS
Jl.12.24
31.12.23
W4ues and salaries
So¢iai securiTr costs
Other p¢nsion ¢0SLS
1.072.489
91.767
138370
674.458
51.028
66.353
.302.626
791.839
The average monthlv number of cmpiovees during tk year was as fouows:
Jl.12.24
42
31.12.23
32
General adminisoation
The number of eryloyce5 whose employee benefits (¢x¢lLwJing ernployer pension costs} exceeded £60.0(rf> was:
)1.12.24
31.12.2J
£60.001- £70.OIXI
continued...

VL
ole5 10 ihe Finan¢ia
tstements- ￿OnTinUed
for the Ycar
. l December 20•4
io.
COMPARATIVES FOR THE ST.4TE.ME*T OF FIN.4NCIAL.4cnN'ITIES
Lnr¢stricLed
fvnd
I)CO%IE AND EJDOM"MENTS FRO31
Donations and leoacies
Charitable activiiies
Gen¢rai
1.671,095
Inv¢strn¢nt inwme
168
Total
,681.i27
EXPENDITUBE O
Rai51ng funds
i4.118
Cbaritsblé acti￿tIeS
Ger*ral
1.221.876
Totxl
ET IryCOME
425,533
RECONCILIATION OF FL.)DS
Tothi fvnds brought forward
409.6?9
TOTAL FL.I%DS CARRIED FORWARD
835.172
TA*CIBLE FIXED ASSETS
Fimures
and
fittings
Freehold
prope
Plant and
ma¢hineTr
COST
At l JanuaTh' 2024
AdditLOJLS
22.850
29.062
1.5i6.054
i.854
At i l Dec¢ttther2024
l.i?6.054
i.8)4
51,912
DEPRECIATIO
Ai l January" ?0)4
Charge for vear
9.427
5.)65
At 31 D￿ernber 20*4
14.992
ET BOOK V.4LI"E
At J l December 20?4
l.ii6.054
36,9?0
At J l December 202)
13.42)
Page 70
conunued...

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Noies to the Financial Ststernents- contiTtued
for the Year End¢d 31 tkcember 2024
TANGIBLE FIXED ASSETS- coutinued
Motor
vehicles
Computrr
equipment
Totals
co¥r
Ai l Jantwy 2024
Addiiions
22.850
1,575.062
1.7
Ai 3 1 December 2024
1.790
4.)02
1,597,912
DEPRECIATION
Ai l January &024
Charge for ye4r
9.427
6.738
149
Ai i l December 2024
149
16.165
ET BOOK VALITE
Ai J l December 2024
1.641
.581,747
Ai 3 1 December 2023
13.423
12.
DEBTORS: AMOLhTS FALLING DLE WITHIY ONE YEAR
il.1224
31.12.2J
Trade debts>TS
AT
82i.676
62.)20
19.080
647.765
PrepayThents and ac¢trued income
12.083
905.076
659.848
13.
CREDITORS: AMoL￿[S FALLING DLE M"rrHIiI OliE YEAR
31.12.24
31.12.2i
Bank ltsans and overdrafts Istt TK)le 15)
Trade cr¢diior5
Social security and other taxes
Other creditors
ACen￿lS and deferred u￿rne
i8.687
44.790
11,666
32216
777,595
706.760
874.926
754.546
Includcd in deferred incom¢ is In￿)Me which h&$ been deferred In￿ th¢ De￿ peri(Ml io which il relates.
Page 21
continued...

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oies io the Financial StaiemenlS- ¢oni
for the l'ear Ended il Decernbtr
14.
CREDITORS: AI¥IOL.NTS FALLING DLE .4FTER MORE TH.&% ONE I'EAR
Jl.l? ?4
Bank loans (see note l i)
8l4.i7i
15.
Lo￿￿5
An ana]Jsis of the matttyity of loatts is gi¥eTh below:
il.1224
31.12.2i
Amounts f￿]Ing due within one >'ear on detnand:
Bank loans
AnM)unis failinu due bth%ten Th40 and five vears:
Bank. loans- 2-5 years
65,6iO
Amounts falling due in rtK)re than fi&c ￿tars.
Repayable by insts]m¢nts".
Bank" loans more than 5 >'ears
748.92)
i&
MOVE,NIENT FLf*DS
rnovement
in ftjnds
At
Jl.12.24
Ai 1.1.24
Unrtstrirted fuBds
General fund
8ji.172
)96.878
1732.000
TOT.AL FINDS
83-.17?
1.232.000
JTh)vement ID fuDds. included in th¢ alK>ve are &% follow5:
Incoming
Resources
resources experded
Mov¢m¢nt
in fuThds
LDre5tri¢¢ed funds
General fund
* iOi,616
{:.106,7881
J96.828
TOTAL FINIDS
2.i03.616
{? 106.7881
i96.828
¢oniinu¢d...

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Notes to the Financial Statements- continued
for the Year Ended 31 December 2024
16.
MOVEMEf*T FLT)DS- CODtinued
Compr*tives for movemefjt in f￿ndS
Net
movement
in fi￿d5
At
31.12.23
At l.1.2i
Unrestricted fuDd5
Generd fund
409.6)9
425.53J
835.172
TOTAL FUNDS
409,6i9
4?5.53j
835,172
Comparnive net movemeni fft fun(Ls. iThcluded in the alKJV¢ are as follows:
Incoming
Resource5
re￿M￿C¢S expended
Movement
in fuThds
l.nrestrided fun
Generaj fimd
1.681 J27
{1255.994)
425.533
TOT_4L FITIDS
1.681,527
(1.255.994)
425.SJ3
A ctm vear 12 months and priorvear 12 months wrnbiDed FM)sJtion i5 ￿ follows:
movement
iTh fund5
At
il.12.24
Al 1.123
Unreslrieted ftsnds
General fund
409.639
822J61
1232.000
TOTAL FIIIDS
41)9,6i9
822.361
1.232,000
A cwreni vear 12 months and prtor )rar 12 moth c4)mbined net tTh)verneDt in funds. included in the abov¢ are
as follows-
Ittcoming
resource5
Resources
xpe[￿ed
Movem¢ni
in fimds
Unrestricted
General fund
4.185.143
13.i62,782)
822.J61
TOTAL FLThDS
4.185.143
13.362,7821
821)61
continued...

VLC
ote5 10 the Financial Sthtement5- ¢ ti
for the l'ear Ended J l Decern￿r ?014
17.
RELATED PARTY DISCLOSLRES
There ￿tr¢ no relaied pam (rdnsxiiorns for the j'ear ¢Dd¢d il December ?0?4.
Pag¢ 24

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Detailed STXteTncnt of Financial A¢tivitie$
for the Year Ended
I rkcember 2024
)1.12.24
31.12.23
IliCOYE AND ENDOWMEhTS
Donations Ind kgacies
Donations
Grants
450
328
9.936
9,782
10.264
Jnlestment incoJn¢
Jnteresi re¢eii'able- tradtng
14216
168
Cknritsble adfjvitie5
Le8rning cetrtre inc¢)m¢
2.479.618
1.671.095
Totsl incoming resources
2.503.616
1.681.527
EXPENDITt¥RE
ot￿r irnding activitits
Purcth¢s
Depreciation of tan￿ble fixed assets
Los5 on sale of tsm."ble fixed assets
79.101
6.738
2.995
303
85.8i9
34.118
Support costs
anagernent
Tr￿stee5, salaries
Trustees, Social se¢urity
Trllstees, Fensions paid
TnJsie¢s' ¢xpenYs
24.8i9
2.17?
5£8
6,259
445
99
97
668.199
1.047.650
89.594
138.370
19.415
5.04)
51.159
4220
278.876
94.000
61256
56.166
53,516
5.727
Socia] security
Pensions
Insuranc¢
Telephone
P051age and stationery
Sundries
Subrontract co
Room hire and Catering
Trayel and sub5illence
Staff trainins and welfare
Computsr Costs
Subscrbptions
66.353
14.165
753
10.719
2,870
186.i54
84.i05
27.391
11.565
4.615
1.932J62
.172,810
Fittante
Bank chartses
Canied fotivard
14.065
14.065
986
986
This page d)¢$ Th)t f¢)Tm part of the stsnrtory financial Swmet
Pag¢ 25

VLC
Detailed Staiem
t of Financial AciiN'itie
fort
Ended 31 December 2014
j1.12 ?4
31.12.23
14.06-
61
?9.)02
986
Bank. in*resi
986
Governanee costs
Audittsrs, remuneraiion
Accounlan¢v
Consultancv fee5
Le(pal and professional fees
7.ioo
9,260
4,076
27,244
8.)87
7,518
19.i54
44.759
48.080
Ttstsl resourees expended
7 106.788
1.25i.994
Tr*et
j96.8?8
425.5JJ
This page th)es Th)1 fomi part of the swutory fiDanc￿l ststrrnents
Page 26