Complex sentence: The meeting resulted in the formation of a community group, Save the Victoria Theatre Salford (SVTS), which in turn formed Save the Victoria Theatre Trust (SVTT) in February 2013 to take forward the potential purchase, refurbishment and reopening of the building.
Split into simpler sentences: The meeting resulted in the formation of a community group, Save the Victoria Theatre Salford (SVTS). In February 2013 Save the Victoria Theatre Salford formed Save the Victoria Theatre Trust (SVTT) to take forward the potential purchase, refurbishment and reopening of the building.