The Victoria Centr¢ Report and Financial Stalements For ihe year ending 31 si March 2026 Charity No.. 272726
The Vicioria Centre Legal and Adrninistralive Information Trustees Sandra Ilale- Treasurer Michael Hale Glynnis Ilalling- ChaiTperson Keiih Gorf lan Sp¢ncer- Vicc Chairp¢rson Dr Roy Sharnla Helen Vine- Secr¢wy .harity Number 272726 Prln<lple Address The Victoria Centre Vicioria Road Lydney Glouiesiershire GLI55 1ndendertt Exarnlner Detln A¢¢ouniancy Services l.td l S Ili8h Street l.ydney Glouceslershire GL15 5DP Page I
Trustees, Annual Report and Financial Statements Year Ending 31 st March 2026 Structure. Governance and margeMent The charity is govemed by its ¢onstitytion and is constituted as a Trust, registered with the Charity Commission under number 272726. The trustees who served during the year were as foll(Y•VS (with appointrnent dates noted where not for the full year}.. Gtynis Halling- Chairperson lan Spencer - VI Chair Sandra Hale - Treasurer Michael Hale Keith Gorf Dr Roy Shafma Helen Vine- Secretary (appointed as Trustee 23102r2026) Note. the Diners Representstive posib.on has been vacant since June 2025. The trustees are aware of Ihis arKI will seek to fill the role in due course. The financial statements have en prepared in aGrdan with the accounting policies set out in note 1 to the finanoal statemerrts and comply with the charity's constituts'on. the Charibes Act 2011. and the Accountbng and Reporb'ng by Charitbes: Statement of Recommended Practice applicable to tharities preparing their accounts in accordance with the Financial Reporting Standar(l applicable in the UK and Republic of Ireland (FRS 102) (as amerKJed for accountirvJ penods commencing from 1st January 2016). Objectives and Activities The Constitution's ststed aim is to promote the vftlfare of the elderty. those wrth disabilities, arKI others in need. The trustees have paid due regard to guidance issued by the Charity Commission in decKlirvJ what activities th8 chaiity shoubj undertake. In line with the Chanty Commission's guidan on public ben8fiL the Centre has prOVed the following activities and servi$ during the year. Achievements 2025 was a parts'cularfy special year for the Victoria Centre, as we lebrated 50 years as a lunth dub in Lydney. Events were organised to say a heartfelt thank you to all of the organisations that have supported us over the years and continue to do so. We also held a party for our volunteers to recc)3nise everythin9 they do to make the Victoria Centre the success rt is today, as well as special events for our diners. The Centre provides between 80 and 100 meals each *eek for the over-55s and people with disabilittes. Wle have a dedicated team of 20 volunteers who do an amazing job, and without them none of what we do would be possible. Carol and
Pam (our cook} spend a great deal of time PlnIng Th*nus and ensuring that all meals are freshly prepared on the day. Carol (our Manager) works tirelessly to ensure Centre runs srnoothty. organising fundraising events, raffles and celebrati<)ns throughout ttie year. Carol also generously donates a great deal of her own time and effort, including many of the d8corations used at our events. These have induded vantine'S Day. Easter. Wimbledon fortnight (which always features strawberri8s arKI cream). Remembrance Day. arKI Christrnas Day lunch. Christmas Day lunch was, as atrways. very well SUPFQrted. Onc¥ again we were able to provide a free meal for all diners. and this year our chairperson Gtynis was able to attend. Music and singing were provTrded by Ed Pruen. who generously gave his b'me freè of charge. This SEal day is only possible thanks to local support arKI the many people who give their ts'me on Chrislrnas Day arKI Christmas Eve to prepare the food. We are also very grateful to the teams from QTS and Neiwork Rail, who spent a week r8pairing and painting all our fenang and erects'ng a much-needed new storage shed. A few wonls from Cwol our Alanger. 'The Garden has boon rnvamp8d this ar and k)oking lovety." "N8w Toi18ts have been installed 8nd freshty painted.. "Chnstmas was a lovely day enjoyed by everyoné." 'Fundraising is going well to help keep Ihe Cantre up and running. "A new Gas Boil8r has b88n insla118d Ihis year.. 'W& hav8 som8 new volunteers justioined us" 'Diners surveys been given out and a grnat fg8db8ck." A nwssage from som• of our dln•rn.' 'Many thanks for the delicious m881s you s8ry8 throughout the ye8r- speci81 congratulations to tha cook. You are 811 wplcoming, cheerful and knnd, wh moans so much to evoryono. especially Ihose who live alone." .1 have made new friends here &nce my p8SS8d 8W8y I was very lonety. Everyon8 at the Centre has been so kind and walcoming.. "18nioy 12Nning to the centre. The meals arn lovety. I lik& chalhng to th8 volunteers when l anive earfy." Reflectlons from Ihrne of our volunteers.. "At my age memories are usualfy 'all our yesterdays,. The Victoria Centre has created so much more.. °Th8 Victoria Centrn is my happy place. whern every0 is mad8 8lMa- hub of friendship, food and fun." °Volunteering at the Victoria Centre has been a lifeline for me since my husband died. I have m8de new fyiends. and it is so Iov8ly to be part of such a happy and dedicated group of wofkers and dine.° We are laoRE THAN JUST A LUNCH CLU
Financial Review In line with the Centre's reserves poliry and the advice of our accountants. have maintsined a minimum reseprfe of £25.CKK) to meet urExpected expenses such as repairs, redundancies. or other unforeseen circumStsn. It is the policy of the Charity that unrestricted funds designated for a speofic use should be Maintair at a level equivalent to between three and six months, expenditure. The trustees are satisfied that reserves at this bevel will ensure that. in the event of a significant drop in fvnding. the tharity wll be able to continue its current acb"vits"es while èxploring ways to raise addrtional furKls. This level of reserves has been maintained throughout the year, and there are no funds in deficit. The principal sources of fundir¥J r1Ved during thè year were: Coventy Building Society Forest of Dean District Councbl Lydney Town Council Forest of Dean Lions Tesco Lydney Albany Engineering West Dean Parish Council GIOUSterShIre County Council Thriving Communities Rising Sun Community Hub Without the generosity of all these organisations, much of what achieved throughout 2025 would not have been pK)ssible. We are especially gratefvl to Glynis for all her hard work in applying for grants on the tharity's behatf. The main area of expenditure during the year was wages. totalling £15,238.08. October 2025 we had a new boiler fitted costing £3200.00 paid for by a grant from Gloucester County Counol. This year we have had to repla the emergency lighting and EICR rtifiCate. We have reIVed a grant for new tee shirts and aprons for all the volunteers. maintenan of the building remains an ongoing responsibility under the tems of our lease, and the trustees are committed to ensuring the dining environment remains safe. warm, well-ventilated and welcoming for all who use IL The trustees have ass8ssed major risks to which the tharity is exposed and a sab'sfied that appropriate systems are in pl tr> mibgate those rtsks. Reference and Administration Detalls During the year the charity has consulted with: Dean Acc#)untancy (wages arKI accounts) Lean Maller {Forest of Dean District Council) Forest Voluntsry Action Fonjm
Future Obiedives The trustees will continue to seek value frJr money f(Y our diners and to provide happy, fvlfilling experien for all who visit the Victoria Centre. The Trustees report was approved by the Board of Trustees. Name: Gtynis Halling Chair Trustee Sandra Hale Treasurer Trustee Signed.. Date. 2b.l£
The Victoria C¢ntre Indet¢ndeni Examiners Rew1 For th¢ Year Ended 3 1st MarLh 2026 ectii'e re$ nsibilitie5 ofdireciors *nd ei4miner I'he Irusrees are responsible for the prepardtion ol-lhe accounts. The directors consider Ihai an audit is noi rwuired for this year under section 144 of ihe Charitles Affl 2011 (the Lharities ALI) and that an independeni examination is QUired. 1¢ is my responsibiltty lo.. examine th¢ accounts under 5¢¢1ion 145 of ih¢ Chariiies Act. io lollow the pro¢edur¢s laid down ip ihe generdl dircciions given by th¢ Chariry Commission (under seLliun 1451SXbi of Ihe Chariiics Aci). and lo s¢aie whether particular maners have come io my attention. il#si$ of ind¢ ndent tx#miners 5t•tement My examination was carried oul in &cconlance wilh genernl direfflions given by the Charity Commission. An Lxatnination include5 a review ofihc accouniing records kept by ihe charii). and a comparison of the aLcounis presenied with ih05c records. It also includcs consideration ofany unsual items or disclosures in tht ac¢ounis, and seeking ¢xplanaiions from the dire¢iors concernin¥ anv such mailers. The proccdures undertaken do noi provide all the ¢viden¢e that would b¢ required in a audit. and congequcnily no opinion 1% given io whcih¢r Ihe ilLcoun15 preseni a 'inte and fairf view and the rewrt is limiied io those matters s¢1 0111 in ihe statement below. ¢ndent ex#mlner's s In ciinnLction wilh my examination. no matler has come to my aiieniion iu which. in mj opinion. attention hould he drawn in order i(Tr enabl¢ a proper under51anding of ihe accounis lo be aChed. Signed.. J Pflug De4A A¢rowiun¢y SerFlcos Ltd 15 Hlgh StreeL Lydney, Glos GL15 5DP Tel.. 01594 841867 Page 6
Aci11 IindudmE Ir¥ and I-.1dity[C the vear eThlinB MarL ?026 TiKal VeIl Rcstria¢d 2026 Ilnr¢strlL ReSed T#1 2Q2S IDLiling resi)IifL Inciiming rcyiiirLYS from fun IkNIAiitin% and l&gaLIL 8.16J 28.177 380 l.Y27 29.779 29.7?9 28.177 ( InLiimi lJ96 1.3 1.927 'loioJ 31.374 40.338 50.662 5O.hfy2 l.'Irthdiillf¢ I'hariioblc AOlVIII¢¥ 1S(J.674) I¢Mg1 151.6231 149.4931 144 49.11 Net RLr%) T(Wln5[S 112.J(K> (ir(¥ Trllnsf¢r% Fwi&" 16.704 116.7041 Nci lh¢ Yrarl Mi)v¢m¢iii in Fw I12.3 17.H73 116.7(>41 1"u¢j 11oilln A¢ Awl 2025 34.913 2J.182 51.095 17.040 39.886 J6.926 l.Iin41 at Ilsi M•r¥h 2026 22.613 24.197 46.110 23.182
The Victoria Centre Balance Sheei as at 3 Isi March ?026 Notes 2026 2025 Current Assets Cash ai bank and in hand Meals & Lunches Deposlls 46.729 194 639 58.656 CurreThi Liabilities AL¢rua15 PAYE (752) (673) Net assets 46.810 58.095 Income funds Ilnresiricted general fund Restricted general fund 22.613 24.197 34.913 23.182 Total funds 46.810 58.095 Approved by the Board for issue on Page 8
The Vhctoria Centre Notes to financial statements for the >'ear ending 31 si March ?026 Accounting policies Ch8ritv inforrnation The Vi¢toria Centre is a charity. registered on 12 January 1977 in England and Wales. l. l Accounting conveTrtiot) The financial siaiement5 have been prepared tn accordance with the chariW5 consiiruiion. the Charities Act ?0 I l and "Accounting and Rewrtin8 by Charities-. Ststemeni of RecomTnended Practice applicable to ¢haritie5 preparing their accounis in accordance wilh the Financial RerKJrting Standard applicable in ihe UK and Republic of Ireland IFRS 10?)" las aTnended for accounting p¢riods commencing from l January 2016). The charity 15 a Public Benefit Entiry as defined by FRS 10? The charity has iaken advanlage of ihe provisions in the SORP for charities applying FRS 102 Update Bulletin l llot io prepare a Statement ofcash Flows. Th¢ financial 5taternents have departed from ihe Charities (Accounts and Reports) Regulations 2008 only to the exient required to provide a true and fair view. This deparnire bas involved following the Stalemeni of Recommended Practice for charities appl)ing FRS 102 rdther than the version of the Sthiement of Rccommended Practice which is referred to in the Regulations but which has since be¢n withdTaw¥t. The financial 5tatemenis are prepared in sierling. w.htch is th¢ fun¢iional Curren ofthe charity. Monetary amoun15 in these financial statements are rounded 10 the nearest £. The financial siaiement5 have been prepared under the historical cost conveniion. modified to include the revaluation of treehold propenies and to include investmeni propenie5 and cenain financial instrnments at fair value. Th¢ principal accouniing policies adoNed are w oui below. l ? Going concer At the time of approving the financial siateTiient5. the trusiees have a reasonable expectation ihat the charity ha5 adequaie re%ource5 lo coniinue in operational exisience for ihe foreseeable future. Thus ihe irusiees continue to adopi ihe going concern basis of accounting in preparing the financial sts(ements. 1.3 Charitable fund$ UnresEricted funds are available for use at the dIr10 of the trustees in funherdnce of their charitable objectives. Rcsiri¢ted funds are subject io specific conditions by donors as to how ihey may be used. The purp)ses uses of the restricted fvnds are sei out in the notes io the financial sthiements. F.ndowment funds are subject to specific conditions by donors the capithl must mainlned by the charity. Page 9
The Victoria Centre Noies lo fiTbancial stsiemenis for the year ending 3 Isi March 2026 1.4 Incorne Income is reco8nised when the charity is legally eniitled io li after any r¢rfornwKe ((dItIonS have been mei. the amounts can be rneasured reliably. and li is probable that income viill be rec¢ived. Cash donaiions are rccognised on rryeipl. (hher donations are re¢o8ni5¢d once the charity ha5 been notifi¢d of the donaii()n. unless p¢rfomianc¢ conditions require deferral ofihe amount. Income tax recov¢rable in relation to donaiion5 received under Gift Aid or deeds of covenani is recognised ai ihe time of the donation. Le¥pilCiC5 are r¢cokDnised on re¢ciw or oihm4.ise if ihe charity h&5 b¢¢n nlfIed of an impending di5tribuiion. Ihe amounl is known. and rff¢ipi is expecied. If the amouni is not known. Ihe leuacy is irted as A rontingeni l S F.xpendilure R¢sources expended are recognised in the period thry incued. 1.6 Cash ci8h eqvivl¢n¢s Cash and cash equivalents include cash in hand, deposits held ai call with banks. other short-lem) liquid invebtments wilh orig>inal maturiiies of Ihrtt month5 or les& and bank overdrnfls. B&nk ov¢rdrdfts are shown within IM)rrowin¥s in curr¢ni liabiliiies. B88ic finanell 4Jsets Basic financial asseis. which include debiots #nd cash and bank balances. are initially measured ai transaction price including iransactioll C051s and are subSeqn11Y caThied at amortiscd CO usin8 Ihe eif¢¢li¥e iniere51 method unless Ihe arranbpement con8tiiuies a financing Iransaciion. where ihe transaction is measured at the pre1 value of the future rcc¢ip15 dixounied at a markei rdie of inleresi. Financial as15 classified as receivable wiihin onc year are not amorti5ed. B85ic fin8nf ithl 1Sbllliles Ba%É¢ financial liabilities. includin8 credTrtors and bank InS are initially recognised al transaction price unless thc aangemen1 con5tilutes a financing Irdnsaction. where the debt insirumeni is measured ai the present walue ol'the future payments discounted ai a market rnt¢ of inrest. Financial liabiliiies ¢lLssified as payable wiihin one year are nol amortised. Dehi insirumen15 are subs¢quenily Carried at amonised cost. sing the etTe¢iive interest raie method. Tradc creditors are obligation5 to pay for 8ood5 or Services ihai have been acquired in the ordinary course of opcraiion8 from suppliers. Amoun15 payable are classified as curr¢nt liabiliiies ifpayinent 15 due wi¢hin one year or less. It. noi. Ihev are presenied a5 non-curreni liabilities. Trade ¢redilor5 are recognised initially transaction pri¢e and subsequently measured ai amorti5ed cosi using the effeciive iniere5t Method. Ikreeo%ition of fin#nell li4biliti Financial liabilities are derecognised when the chariws contra¢bJal obligaiions expire or are discharged or ancelled. Page 10
The Victoria Centre Note5 to financial statements for the Jear ¢dIng 3 Isi March 20?6 1.7 Employee btnefits The cosi of any unused holiday eniitlemeni is recognised in the period in which the employee's services are received. Temiination benefiis ale recognised immediatety as an exK*nse when ihe charity is demonstrnbly committed to tenninate the emplojinent of an employee or to provide ierniinaiion b¢nefits. 2 Trusttts None of the trnstees (or any persons connected with them) received any remunerdtion or benefits from the ¢harily during the year_ Emplo)ees The average monthty number of employees during ihe year was: 2026 2025 Employees 4. Creditors". &mouni$ fallin% due within one vear 2026 2025 Accouniancy 300 280 300 271 10? Supplies 673 Pagell
The Vtaoria Centre Dethiled Income and Exrthdiiure for th¢ >'rar endin8 3 Isi March ?026 2026 20?5 t)onations and Legacies t)onalions and Gifts 12.015 Chariiable aciivilies Lunches 29.779 28.177 Investm¢nts Interest Received 380 Oiher Income 417 479 500 279 308 1.340 8.103 In¢om¢ from ljtiliiies C-oveniry Hank Tants 40,338 5(1.662 Charitable cxpendiiure Staft. costs %upplie 15.238 15.892 3.831 513 6.914 949 509 509 833 366 14.277 14.308 3.112 442 13.447 I"LIL'phone Muinlenanc¢ l>rtbtLclive C-loihing l.quipmcni Sundrv F.-xpenses In%urdnce Advert .icence% Profcs5ional Servi¢¢s W<bsitc Cvs15 l.-niertainmeni M(Trsiac Ilank C'harges l)osl & Stationary 381 394 773 4.977 869 5.850 35 38 (51,6231 149.4931 Surplus for ihe Year 1112851 1.169 Page 12