Tht Vicwffia Centr¢ Rcwyt arwj FinwKial For )rareNlin8 3 l%t Mar¢h 2024 Chwity . 272726
Thr Vithiacentse ixgal aTrJ Athninistrntive Infomwti Trnstt Mich1 Ilale Glynnis Ilalling- Vitt Keith (iorf Rick Lighi- diners rep Ch•rity Number 2T2726 Printipk Addre Vi¢toria GknJ¢e$rshi Gl.15 5 Indepeodtnl Ex4mlntr Dvdn ACcnrKY SeTrices Ltd 1SHi8hStr¢d i.yd GINce5r5htre (il.15 5DP
nt Ir 31° Marth 2024. The charity is a 8ovemed by its constitution and is Constituted as a TnisL registered under the Charity Cornmi55ion. Number 272726. The Trustees who served during the ar and date5 arted rf not for the whole year. Glynis Halling Michael Hale Sandra Ha Keith Gorf Dr Roy Sharma Ray Carter Treasurer The financial statements have t)een prepared in accordance with the accounting policies set out in note I to the financial statements and comply with the Charits constitution. the Charities Act 2011 And "Accountin8 and Reportin8 by Charities: Statement of Recommended Practice applicable to charities preparing thelr accounts In accordance Twtth the Flnantial Reportlng Stsndard applicable In the UK and Republic of Iweland {FRS1021 las amended for accounti wMJd5 commencing frorn I" January 2016) The constitutn,$ ststed aim is to womote the Twelfare of the elderly, those with disability and others In need. The trustees have paid due regard to guidano IS by the Chaiity CommissK)n in decid1 what Actlvltles the charity sts)uld undertake. In Ilne wlth the guldance Issued by the Charlty Commlssk)n on publlc benefft and the objectlve outlined above. The Centre has provlded the followl A¢hlev•me Currently the centre is provKliTrd approxlmatety meals a week for ihe elderty and people with disabilities. We currentty have 20 volunteer5 who do arnaiing job to make all possible, Carol lour co-ordlnatorl works tirelessty to ensure the centre runs SfflOOthly. As well as or8anlsing fundraising events during the year. Carol and Pam lour cook) spend a k>t of time g)rtiry out menu plans and ensuri we provide the best meals and to keep the cost down of lunches wIKh are £7.(X) for a t4 cowse wlth tea or coffee. A new event for December thls year VAS a Nativlty Play put on by Carol and the volunteers, for the diners Carol made all the costumes and put in so muth work for the whose production. The play. together with a buffet lunch and mulled wir took plKe on 19 December. everyrthing went so well and enjoyed by every on. Thi5 Was a150 the day we also found out recei¥d rntIfi from NathThl lottery we had been awarded a £IO.¢MJ.fKI grant to refurbtsh our 3 toilets and bring them up to fvlly disabled accessibility. by following all the latest guidelines. it wa5 the"icing on the cake" to announ this on the same day as the play we hope the Tk to be comled by the end ofjuty. A grant toward5 a new dishwasher was received from the C¢)ventry tIldid S(K*ty, and a Brant
Christmas day was another great Succe free for all who attend pre-tkedl and 8enerousty supported by local organisations and donation¥ together with entertainment by Lynne and Pete who genemusty gave up their time free of charge The Trustees would like to thank Carol and Pam and all the Volunteers who make the successful running of the ntre. Flnan¢lal RevSThv Followin8 the Centre's Reserve poliry and advi from The Forest of Dean Funding Department we have maintained a minimum of £8{KX).) to meet Ured expenses such as repairs. redundancies. or any unforeseen drcumStans. It is the policy of the charity that unfestrKted fimds which have been designated for a speCIf use should be maintained at a I1 equivalent to between three arnt six month's expenditure. The trustees considers that reseeS at this level wlll ensure that. in event of a signiftant drop ift funding, they will be able to continue the chari5 current actfvft*s whlle consideration is 8iven to ways in which additional ftmds may be raised. This level of resep4es has been malntalned throwdhout the year. No Funds a in def1t. Princlpal souros of funds durin8 the year: We have received many Grants and Donatlons over the year Lydney Town Council Coventry Building Society Watney Hall IBritlsh Le8ion) Lydney Phamiacy Forest of Dean Lottery National Lottery Edenwall Lodge Forest Hills Golf Club (Ashlty James) Te5CO Thanks must go to Gfynis for all her hard V•Y)rk apptyin8 for all the grants. Maln expendlture for the year Wages £131K)4.16 Maintenance which is our concem under the tem15 of the lease. means that we preserve The dinin8 experience for our membets a1 all who use the iwildiw which Is fe. warm well ventilated, aestheticalty pa51n8. The trustees have assessed the major risks to which the chaiity is exp05ed. and are satisfied that systerns are In place to Mityte exposure tt) the mahK)r risks. Refereffto and Admini51Tth Delalls The Charity has tonsulted this year.
Dean Accountancy Iwages and Accounts)
Frances Palmer and Lena Maller (Forest of Dean Distrirt Council)
The Trustees will continue to seek Val for mow for our diners and offer a happy and fulfilling experience for all who dine* participate in artivtties or and Work at the Centre. Name: GI} Halllr Vke (Jk•lr Trustee Name: Sandra Hale Treasurer Date:
vid18 Centre In&rthi ExamirTs Rep)n For1 Year Erthj 31 MaTch 2024 iv The truses are resrMsibk for the of tl xwur*s. The dirrd(w5 con5i(kr that an audit is
1 required ihis year un(kr s¢¢tion 144 of Charitics 201 I (the Lhan"ties Act) and an indendent examtnaik)n 1$ r¢quir¢d. li is my resp)nsibility . - examine ilK accLNJnts section 145 of the Chariites ACL - io foll(bw th prwedure5 la in germl dirta given by the Clwity ComM&8ion Iu¥Kkr 5¢Cli 14515Nbl Of chan.iies Acix and . to ststc whcihcr p1CuLAr TrMttcr5 have to my attention. My examination Carried wt in danc¢ with Bera1 given by CtrthTity Commissim. An ¢x8MltIO0 irt¢luths a ffyiew ofthc rKrounling rwi)rds keF4 by Ik knty aThJ a cowison of the Actsrtts pr¢s¢nt¢d with rt¢ords. It iTKlu&s of Y unsuAI ilcmsor di5u$ in account& and %eekin8 ¢xp1Stti0tk% from the dior$ ¢oJK¢mith8 any $uch mAll¢r& Th¢ pYr¢dure$ undertsken provi all IIK ¢vi¢kn¢¢ woyld t¢ requited in a aliL 8tMJ ¢onseqnil)' no opinion is 8tven &8 whether a¢¢owits rrseni a't fwf view aThJ the re i8 limited to ihx¢ mAtt¢rs t oui tn tr stat¢tnI trtknv. In ronrxction with my cxaminaliorK no mBtt¢r come my lo whith in my 1n10r4 aiienlion sld b¢ thaw) in OAkT iocmbk a wth5¢Tr80(thc to bc r¢thed. D4tc IC LI J Pflu8 Dean AccountcY Servlcts Ltd IS Fligh Streei Lydmey, Glos GLIS SDP TeL. Ql>94 843867
lilud8 IncO¢d Ex.01[tA¢{¥lI) fty thr)¢4r (¥¥JinB 3151 Mawth 2024 Incom8T¢UrS and IKwies 11.879 5.781 20.426 19 509 11.879 8.281 20.426 19 51 11.765 23.144 277 2.51M) C'hritsbk AaivitiES Invesrmenls Othcr IncumE .144 277 In¢om¢ 61,238 61,238 38,614 2.5 .xid1WrCon' CharitEblE AL%ivititi (43.1821 {43.1821 128.2571 11.otM)1 1292571 Nrf INn(chs01n9 beftye un5fwg 11.0$6 11.056 10.357 1.SL¥) Cjross TrUrer$bw¢aI F Il8.6461 18.616 Nei In¢(xne for the Ye8rl Net Movtsw 13901 18.646 18.056 10.357 1.5fY) Fund l# A] 2023 17.650 21.240 38.870 7.273 19.740 27.013 Fund B41pn¢%s # 31 M¥¢h 2024 17.040 39.886 56.¢X26 17.630 21.240 38.870
Tr Victrffia Centre as * 31si March 2024 2024 2023 Current As Cash al bank al in har & l.unchcs 57.410 241 3&778 492 Current Liabilities A&1S PA YI.: 17251 Net a5scts 56.926 3&870 funds Unre%iriL%ed 8enerxl fuNI Resrricicd general fund 17.040 39.886 17,630 21240 To1 funds 56.926 38.870 Approved by ik Bofjrd for is*Je ....................... Page 6
to firwKial State[nts ror tr jrarthJu 31# March 2024 I A¢¢oyth¢io8 l•r1e5 Charity information Th¢ Victorba Cenue 15 a charity. regi5trred 12 Janwy 1977 kTh W¢$. l.l Attountini eODventlo Th¢ fLnarKial s¢atements have ken ryerAred in accudance with iht ¢h8rity's (•n51ituiion th¢ Chariii¢s Aa 2011 &nd"ACcOtlTrS Retthing byCh8riiie5.' Ststemeni of Re£omtwW Prarti¢¢ 8ppli¢abk charities preparing their accounts ith accordance with the Financi8J Rerx)rting kndard at4)licable itt ihe UK and Republic of Ir¢land IFRS 1021" las arn for accrrtmiing t0% comnxKin8 frun l January 2016}. 'I'he charity 1.% a Public IkrKfit l-.ntity L% dcfiKd by FRS 102. Th¢ charity has tsken advantage of provk510r in ts SORP rchanti¢$01yin8 FRS 102 UpJ Bulletin l prepare a Sthfftni ofc&%h Fio Thc finarKial sthtcmcnts havc thpjrtcd frLTh thc Charitics{AcciwJnts and Rcwwtsl RegulbOn$ 21K)8 only to the exni required to ryovith a fair view. Thi$ d¢pwrtur¢ h$ involwed folknwing the S¢atrmeffl of RecofflIr1Yj¢d Practice for chariiies aNJl>'in8 FRS 102 Tats than the version of the Ststenni or RecofflffKryJcd PracliLY which is refed 10 in R¢gu1mS bjt i¢h h&$ sirrt¢ b¢¢n wUxlrawTh. The financia] gwerwts a ¢vepared in a¢rlin& wi¢h is th fw)aioMJ ¢uffewofthe ¢hwity. McrtKthry arrnjunts in these fin1 sw¢rtXnL8 We £. The finarKial sthtenxnLS have ten wetAred hiSriCal cost eonveniion. TrKMlifi¢d 10 In¢1 the TevaluatKTrn offreelM)Id proFrtie5 10 inv¢stnrM twies aDd ¢¢nait) fit)MKiab it)sttunxn¢s ai fair value. The Principl ac¢ouThiin8 11¢1¢$ odoN¢d s¢iout klow. l.2 Goin8 concern Ai th¢ lir of aPFffOVin8 ik fib)th¢iat the trusttt$have i rc&4Thblc eX[Ctation ¢harity h&$ Adequ¢ f¢wuTf¢S to rontinw in Olor1 exIsce for Ieseeble future. inLSttts conlin thc goin8cLrn b&sisofaccowhtinB in wepariThB the fir121 sweTr. l.J Ch•rltabk fund• UnrId furth arc availabk for uye at the discr¢tiw of tr uw¢es in fvrtherartt of th¢ir¢hdrithbk objcctiVC5. Restrickd ore 5ubjcd to 4ciftc coTrJitiffls by Is Ilw may Wj. The and uses of the sled futmb Sei out in Nrt¢s10 th¢ finarK1 swemcnts. EndowThKni fwM15 are 5ubieLI to specifK cnth11{All ty the wiital must k maintsNJed by the ¢hariTy.
ViLaLriaCcntsr jrar ending 51 March 2024 1.4 1me Iwjftx is Y¢¢O8rtised when tk rharity is kgally cnliiled to it aficr aD) wndilion5 ha been n the at)ThWllL8 Yeliably. and it is wthble that will k r¢¢¢ived. C&4h donaiions are recognised on reLritx. 0r are relwised ot the charity h&% Thmified of the (knialion. unlcss Fxrforn)arKc corwjiis requi thferral amjni. Income Tecoverabk in rclatilm to (kn10$ received kr Gift Abd orthcds of coverbuA is Tccwised the of thc thnaiM. L¢wie5 arr r¢cognbsed on r¢Lfirn Otkrwi if the charity h&s MifKdof an nndIn8 dism110 thc l5 knowrL and TeceiN is ¢xFcted. If Li k[ the legw is u¢awi &8 awitin8¢m l.S Exptnditure ReUrCeS eyrthd ar¢ r¢co8nis¢d in tk tly are incuffed. 1.6 Cash •d tq#l¥&knts Cash al c&sh equivalents ca%h in hand thp)ShLS kld at call with bank& SIM4t liquid invc51nKni% with ori8inal maiuriiies of Ihree rr Ic5& and FAnk OVCTthafts. Bank overdrnfts arc sIm)W wtthin h)rrowin85 in cuneni liabilitie B•sbc no•nci•t B&sic financial thich irKludc &IrtOTS and ca%h aTKI l>Hnk balanLf& are inilially trJnsartioTh pricc including iransxtion cosrs and aT¢ b$¢qnItY carried ai aTrK)niscd cosi Ing thc cffeaive inres1 mcilK%J unk5s the arrange1 consti1u a finarKing trntI v1he tsarwlion >s mca5UTcd at thr pr¢%nt W41 ot'fv futurc rec¢ipLs dIOd a markd of Éntvr5¢. FinarKiaJ a$5cts clwkficd re¢¢ivabk within )rar aTfKrtix B4$lr ftnnci•l Ilbllltlts B&5ic finarKial liabilitics incIlIng crcdikns •bJ trAnk kAns are ini11lY rtcOBnia sacil0n pri(t unicss the arr8ng¢rtnt wislitutes a financing UpntYn. wlKrc the d¢trA 1% at lh¢ prcsenl valuL of the fuiure paJTk)ents of inr¢sL Fi$WKi li#bilitie5 ¢la5sifd As PAyable within year art arkKJnised. Dcbt insthJmenLS are subseqwm1yea1ej at anffiiyed ¢w eff¢ctiv¢ Inter rnte tww. TTadc c1115 Obligatio to pay services thal have Ixen xquired in the ordinary course of op¢ralions from 4yrq)li¢r%. A payabk arc ¢Ilfied curreni liabiliiics if due within onc ar or less. If noL kn sre pwrrt¢d as rffirfuryrnl li&biliii¢5. Tr crcdittKs are rccognised iniiially at ansaciion price sutse4nIlY n&swed a¢ auKUtised COA using the effeaive inrex fithOd. DerecogDition of fiuAntil lilbiliti Finonriai liabiliti¢s ar¢ der¢wiscd wn tIK chgritys obli8atior6 ¢xpir¢ ( 8Jr disdwged or c4n<elled. P4e8
Vidiyia C¢ntse f(v )tar ending 3 1st Mw¢h 2024 1.7 Employtt bettllts The cost of arty knliday enittIenl is r¢cwised in tk p¢rithl in *kni¢h the empio)tt's seTVittS are Yecei¥ed Tenninaiion berKfits are TecogThi%ed irrtmediarely &$ an charity is d¢[ThSbIY cornmitted lo teIatr ik emplo)wt oran employee orw provith Irfi 2 Trustee# Nonc ofihc tru4tt5 Iiy apy Fr50ns with them) rrttiv¢d any or t¢KfiLs from the charity during thc ar. Employo¢s The avera8e nThthly nlllnkn of emplOsdurl the )rar was: Ertwloy¢¢s 4. Cre411tors: Amo#nts fallln8 wlthl• One year Accounts 3( 287 138 SwAies 725 Page 9
VictiYiaCentr¢ tktaikd j F.x[WJIture fortht Jw¢ndin8 31y Mw¢h 2024 2024 2023 DallonS ar¥J tLgacics Dali¢jn$ ar¥J (iifts 25.131 11.879 Chartiable a¢¢ivitie$ Lunches 23.144 20.426 Investments IntrSt Received 277 19 Otsr ItKoD Salcs Incorrt from Uiiliti¢s Covenry Bank Gr1$ 30 416 473 11.765 125 384 8.281 61.238 cble exwditure &ITsts Supplies 13.iKM 12.149 10.850 2.166 1661 1473 7.973 42J 735 KiiLh¢n Appliantts & Defib Ma¢hithe Sundry InsurarK¢ Advcrt Donaix>rkS Proflssiondl Services Pom & Sthtionary 702 329 1750 404 152 143.1821 129.2571 SuTrlus for the Yc 18.056 11.857 P%e io