Tht Vicwffia Centr¢ Rcwyt arwj FinwKial For )rareNlin8 3 l%t Mar¢h 2024 Chwity ￿. 272726 Thr Vithiacentse ixgal aTrJ Athninistrntive Infomwti Trnstt Mich￿1 Ilale Glynnis Ilalling- Vitt Keith (iorf Rick Lighi- diners rep Ch•rity Number 2T2726 Printipk Addre Vi¢toria GknJ¢e$*rshi Gl.15 5 Indepeodtnl Ex4mlntr Dvdn ACc￿n￿rKY SeTrices Ltd 1SHi8hStr¢d i.yd GINce5*r5htre (il.15 5DP nt I￿r 31° Marth 2024. The charity is a 8ovemed by its constitution and is Constituted as a TnisL registered under the Charity Cornmi55ion. Number 272726. The Trustees who served during the ￿ar and date5 arted rf not for the whole year. Glynis Halling Michael Hale Sandra Ha Keith Gorf Dr Roy Sharma Ray Carter Treasurer The financial statements have t)een prepared in accordance with the accounting policies set out in note I to the financial statements and comply with the Charit￿s constitution. the Charities Act 2011 And "Accountin8 and Reportin8 by Charities: Statement of Recommended Practice applicable to charities preparing thelr accounts In accordance Twtth the Flnantial Reportlng Stsndard applicable In the UK and Republic of Iweland {FRS1021 las amended for accounti￿ wMJd5 commencing frorn I" January 2016) The constitut￿n,$ 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 com￿led by the end ofjuty. A grant toward5 a new dishwasher was received from the C¢)ventry t￿Ildi￿d S(K*ty, and a Brant Christmas day was another great Succe￿ free for all who attend ￿pre-t￿kedl 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 Ur￿ed expenses such as repairs. redundancies. or any unforeseen drcumStan￿s. It is the policy of the charity that unfestrKted fimds which have been designated for a speCIf￿ use should be maintained at a I￿1 equivalent to between three arnt six month's expenditure. The trustees considers that rese￿eS at this level wlll ensure that. in event of a signiftant drop ift funding, they will be able to continue the chari￿5 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 def￿1t. 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 a￿1 all who use the iwildiw which Is ￿fe. warm well ventilated, aestheticalty p￿a51n8. The trustees have assessed the major risks to which the chaiity is exp05ed. and are satisfied that systerns are In place to Mity￿te 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: vid￿18 Centre In&r*thi Examir*Ts Rep)n For1￿ Year Erthj 31￿ MaTch 2024 iv The trus*es 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 inde￿ndent 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 p1￿CuLAr TrMttcr5 have to my attention. My examination Carried wt in ￿danc¢ with Be￿ra1 given by ￿ CtrthTity Commissim. An ¢x8Ml￿tIO0 irt¢luths a ffyiew ofthc rKrounling rwi)rds keF4 by Ik knty aThJ a cowison of the Acts￿rtts pr¢s¢nt¢d with rt¢ords. It iTKlu&s of ￿Y unsuAI ilcmsor di￿￿￿5u￿$ in account& and %eekin8 ¢xp1St￿ti0tk% from the di￿or$ ¢oJK¢mith8 any $uch mAll¢r& Th¢ pYr*¢dure$ undertsken provi￿ all IIK ¢vi¢kn¢¢ woyld t¢ requited in a a￿liL 8tMJ ¢onseq*nil)' 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¢t￿nI trtknv. In ronrxction with my cxaminaliorK no mBtt¢r come ￿ my lo whith in my ￿1n10r4 aiienlion s￿￿ld b¢ thaw) in OAkT iocmbk a wth5¢￿Tr80(thc to bc r¢￿thed. D4tc IC LI J Pflu8 Dean Account￿cY Servlcts Ltd IS Fligh Streei Lydmey, Glos GLIS SDP TeL. Ql>94 843867 li￿lud￿8 IncO￿¢￿d Ex￿.01[tA¢{¥￿lI) fty thr)¢4r (¥¥JinB 3151 Mawth 2024 Incom￿8T¢￿Ur￿S 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'h*ritsbk AaivitiES Invesrmenls Othcr IncumE .144 277 In¢om¢ 61,238 61,238 38,614 2.5 .x￿id1WrCon' CharitEblE AL%ivititi (43.1821 {43.1821 128.2571 11.otM)1 1292571 Nrf IN￿n￿(ch￿s01n9 beftye u*n5fwg 11.0$6 11.056 10.357 1.SL¥) Cjross TrU￿rer$b￿w¢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"ACcO￿tlTrS 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 ar￿n￿ for accrrtmiing t￿0￿% 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 r￿chanti¢$0￿1yin8 FRS 102 UpJ* Bulletin l prepare a Sthfftni ofc&%h Fio Thc finarKial sthtcmcnts havc thpjrtcd frLTh thc Charitics{AcciwJnts and Rcwwtsl Regul￿bOn$ 21K)8 only to the ex*ni required to ryovith a fair view. Thi$ d¢pwrtur¢ h*$ involwed folknwing the S¢atrmeffl of RecofflIr￿1Yj¢d Practice for chariiies aNJl>'in8 FRS 102 Tats than the version of the Ststen*ni or RecofflffKryJcd PracliLY which is refe￿d 10 in R¢gu1￿mS bjt **i¢h h&$ sirrt¢ b¢¢n wUxlrawTh. The financia] gwerwts a￿ ¢vepared in a¢rlin& w*i¢h is th fw)aioMJ ¢uffewofthe ¢hwity. McrtKthry arrnjunts in these fin￿1￿ sw¢rtXnL8 We £. The finarKial sthtenxnLS have t*en wetAred hiS￿riCal 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 O￿lor￿1 exIs￿ce for￿ I￿esee￿ble future. inLSttts conlin￿ thc goin8cL￿rn b&sisofaccowhtinB in wepariThB the fir￿￿121 sweTr￿. l.J Ch•rltabk fund• Un￿￿rI￿d furth arc availabk for uye at the discr¢tiw of tr uw¢es in fvrtherartt of th¢ir¢hdrithbk objcctiVC5. Restrickd ore 5ubjcd to 4*ciftc coTrJitiffls by Is Ilw may W￿j. The and uses of the ￿s￿le*d futmb Sei out in Nrt¢s10 th¢ finarK1￿ swemcnts. EndowThKni fwM15 are 5ubieLI to specifK c￿nth11{All ty the wiital must k maintsNJed by the ¢hariTy. ViLaLriaCcntsr jrar ending 51￿ March 2024 1.4 1￿me 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. 0￿r are relwised o￿t the charity h&% Thmified of the (knialion. unlcss Fxrforn)arKc corwjii￿s requi￿ thferral amjni. Income ￿ Tecoverabk in rclatilm to (kn￿10￿$ 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 ￿n￿ndIn8 dism￿110 thc l5 knowrL and TeceiN is ¢xFcted. If Li k[￿ the legw is u¢awi &8 awitin8¢m l.S Exptnditure Re￿UrCeS 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& SIM￿4t￿ 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$¢q￿nItY carried ai aTrK)niscd cosi ￿Ing thc cffeaive in*res1 mcilK%J unk5s the arrange￿￿￿1 consti1u￿ a finarKing tr￿n￿tI￿￿ v1he￿ tsarwlion >s mca5UTcd at thr pr¢%nt W41￿ ot'fv futurc rec¢ipLs dI￿O￿￿*d ￿ a markd of Éntvr5¢. FinarKiaJ a$5cts clwkficd re¢¢ivabk within )rar aTfKrtix B4$lr ftn*nci•l Il*bllltlts B&5ic finarKial liabilitics incI￿lIng crcdikns •bJ trAnk kAns are ini11￿lY rtcOBni￿a ￿ ￿￿sacil0n pri(t unicss the arr8ng¢rt*nt wislitutes a financing Upn￿t￿Yn. wlKrc the d¢trA 1% at lh¢ prcsenl valuL of the fuiure paJTk)ents of in*r¢sL Fi$WKi￿ li#bilitie5 ¢la5sif*d As PAyable within year art ￿ arkKJnised. Dcbt insthJmenLS are subseqwm1yea￿1ej at anffiiyed ¢w eff¢ctiv¢ Inter￿ rnte tww. TTadc c￿111￿5 Obligatio￿ to pay services thal have Ixen xquired in the ordinary course of op¢ralions from 4yrq)li¢r%. A payabk arc ¢I￿lfied ￿ 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 sutse4￿nIlY n*&swed a¢ auKUtised COA using the effeaive in*rex fi￿thOd. DerecogDition of fiuAnti*l lilbiliti Finonriai liabiliti¢s ar¢ der¢wiscd w￿n tIK chgritys obli8atior6 ¢xpir¢ (* 8Jr disdwged or c4nrkS Proflssiondl Services Pom & Sthtionary 702 329 1750 404 152 143.1821 129.2571 SuTrlus for the Yc 18.056 11.857 P%e io