VICTORIA LEAGUE FOR COMMONWEALTH FRIENDSHIP(THE)

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Azets Audit Services

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. The Trustees have concluded that the League has adequate financial resources to meet its liabilities for at least 12 months from the date of signing the financial statements. The accounts have therefore been prepared on a going concern basis.”

Significant events

• “2024 was celebratory year for the Victoria League for Commonwealth Friendship, with the celebration of 70 years of operating Student House here in Bayswater. Celebrations included an open Day in October 2024 attended by trustees, members, current students, past students and local residents.”
• “Some building improvement works at Student House were carried out in 2024 - a carpet was replaced in a common room on the ground floor and some of the outside of the building was painted.”
• “We continued our support of overseas projects delivering educational services. In 2024 we supported work of four charities. A Partner in Education (APIE) in Rwanda; Bhola's Children in Bangladesh; Busoga Trust in Uganda and Osusu Sa Lone in Sierra Leone. This funding was from the legacy donation in 2021 from the late Robert Wainwright.”
• “In November 2024 our portfolio was moved to CCLA Fund Managers Limited and is now held in a COIF Charities Investment Fund.”
• “At the end of 2024, these investments were disposed of and reinvested into the COIF Charities Investment Fund.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +9.4%

  £321,867 → £352,166

• Cash

  -14.7%

  £77,738 → £66,332

• Net assets

  -2.9%

  £1,129,319 → £1,096,557

• Employees

  0%

  5 → 5

• Profit before tax

  -439.3%

  £7,958 → -£27,000

• Wages

  -6.8%

  £138,167 → £128,761

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers