REGISTERED COMPANY NUMBER: 08230197 (England and Wales) REGISTERED CHARITY NUMBER: 1151194 &)I'l ul" Il)L TI'iiNILes aiid Financial Statements for the Year Ended 31 March 20?4 for Veterans in Communlties A (_ lilli N J Grindrod & Co Limited First Floor Sovereign House Barehill Street Littleborough Lancashire OL15 9BL
Coiileiil_4 ()t- Illi FinanLial SiiilL'IIILiIIs loi- tlie Yeai- F.nd .d i l Mai'L li ?1))4 Ret-ereiice aiid .4dm iliiiti'aiive Detai l- Repori i)t" the Trustee 10 8 ndL'peiicleiii EY1L lii i iiei-'s Repoi-l Sialeiii¢i)l L)i- fi ii(IIiLial ,4Cli iliLS Sialement ()t" Fiiiaiicial Posilioii Notes to Ili¢ FiiiaiiLial Sialeiii¢iits 14 t() ?4 D¢lailed Sialenieiii ot- Fi naiiLial Acliviiies ?7 to ?6
Veterans in Comniunities for tlie Year Ended 31 March 2024 TRUSTEES R Barker MBE Chairman BGHyde J B Payton MBE D A Peat OBE Retd Major C R Smethurst Q Zhou A Woods M Procter COMPANY SECRETARY J B Payton MBE REGISTERED OFFICE VIC Centre 12 Bury Road Haslingden Rossendale BB4 SPL REGISTERED COMPANY NUMBER 08230197 (England and Wales) REGISTERED CHARITY NUMBER 1151194 INDEPENDENT EXAMINER N J Grindrod & Co Limited First Floor Sovereign House BarehAII Street Littleborough Lancashire OL15 9BL SOLICITORS Woodcock & Sons Princess Street Haslingden Rossendale Lanc&shire BB4 5NH Page I
Vererans iii C'i)iiitTiiinilies Re ori ot- Ilie Trustees t-or Ilie Yeai. Elided i l Marcli ?0?4 Tlie Ii'usiees wlio al'e a Iso dii-ectors ot- tlie cliai'ity for tlie pui-poses ot- tlie Conipanies Act ?006, present Ilieii. report witli Ilie financial stateineiits of the cliai'it>' foi- tlie vear ended 31 Mairh ?0?4. Tl)e trusiees have adopted tlie provisions of Accounting and RLpoiting b). Charities: Statemenl of Reconiniended Pi'aciice applicable to cliai-ities preparing ilieir aLcounts in accoi'daiice with ilie Finaiicial Repoiting Standai-d appl icable in the UK and RLPLiblic of Ii-eland (FRS I O? I letleLlive l Janiiaiy ?019). OBJECTIVE.S AND ACTIVITIES Charitable ObjeLts Tlie cliai'itable objects of VIL as rLlJlStered with tlie Clicirity C-.ommis5ioii al-e.. T() rLIiLve iieed. suffering aiid disli-ess ainong.%t vetei-aiis Ot- all bi-aiiches of the Artned Forces and their pai-Iner5. spousef and dLPLndents in _such as the Trustees shall think tit. pai-licularlN' bur not exclusivelv. by pi-ovidiiig a comprLhensive aiid diversL OUtreaLlI pi-ogramiiie developed. designed and delivered b! velL17ns tor veterans i n tlie Noi-th we.sl wliicli supporls veterans siit-fering the effects ot" war and have t-ound tlie ti-ansition troni illililary to civilian lit"L diffiLuIL as a iiieans co presLrve and pi'olLCI IhLiI- physical and Inental health. support Ilieir re5etLleiiieni, reliabi l italion. if needed. and theii. retrainiiig to lielp Iheiii obtain eniploynient. VIC Mission Statenient To ensure that ¢x-serviLe personnel and th¢ir fanii lies can i-eiurn to. belling and pi'osp¢r in tli¢ii- ¢omniunilies. Objectives To pi'ovide open access to a ti-usted single point of contact ensui'ing all who may experience immediaie aiid future difficuliy in ti.an5iiioning from milirary 10 civilian lite in any way know wh¢i'¢ to go, who to see and what to do To provide a range of iiiteivenlions to meei the iiidividual need of the AFC membei. to accotnplish transitioIi To provide access to every opportuiiity available to maiiiiaiii health and wel Ibeiiig aiid achieve a retui lo econoin ic activity To provide oiigoii)g support to veteraiis aiid Iheir t"amilies that pi'omoles coiitiiiuing recovery foi. as long as is i'equired and recogniiion thai t-ami ly and dependants as inlegi'al to recovery To delivei. back to the community (he benetit of tlieir service skills and knowledge To pi'ovide subject iiiattei- expertise and support to Local Autliorities and Ilieii. Anned Forces Comiiiuiiiiy Covenant partnei's in gaining a 'vetei'ans eye-vicw, and dSSiStance in engagino with Ilie coinniunity To hi(Flili(rht and promote awareness of veteians needs To esiablish patliwaj's and partnerships for joint working to achicve mutual outcotnes <ind resource efficiencies Veterans in Communities is founded on peer .suppori and Lofflmitled io partnersliip and collaboraiive working to achievc positive outcomes that resuli in relui-ning. belongiiig aiid prospei-ing. Page .
Veleraiis in Comiiiunilies ort of Ilie Trustees foi. clie Year Ended i l Mai'cl) 20?4 OBJECTIVES AND ACTIVITIES VIC Aims To provide support for ey-military personnel, ex-emeiEency services and prison service personnel and their families To encourage others to bring theii. kiiowledge. experience and expertise to provide help, suppoil and advice to meniber5 Ot. the Armed ForLes and iinifornied civilian commLinities and build on exisiing seivices and develop othei-s To encourage the inlegrdtioii of formei- service personnel into civilian life by encouragiiig them to contribute their seivice experieiice and sk-i I Is to lielp the local commuiiit). 'ro ivork" togetliei- iii partnei-ship witli others to support the AnnLd Forces ComrnuiiiT>." Cuveiiaiit in recogyiij)ing iii-servicL aiid ex-seiTrice persoiinel aiid their families. TD establish paiiner5hips thi-ough pledgyes ivhich ivhilL not replaLing slatutorv services. w.ork Cowards addressing i.qsues wliich at-fecl tonnLI' aiT]ied forces Pursonnel and their lamilies. Volunteer5 VIC could not function '([hOut its volunteers. They are found in every ai'ea of VIC. contributing their tiine, skil Is. knowledge and et7"oit. Th¢y plan and del iver so many activities: art group, choir. craft gi'oup. walks. ¥tl Inlinent. model railway clLib, subl iniation. outreach, peer support, woodworking. skills training and leirning. sta115 aiid infomiation Stands. fundraising assistance and Iwnning our social acliviiies. Over the J'ear we have calculated the hours tliat VIC volunteers liave pi'ovided to oui. menibers and the videi. community. Th¢ volunteers accuinulated over 6.500 voliintary hours and if those hours had been paid at national minimum wage VIC would have ne¢d¢d an additional £67.730 of funding. We are indebted to rh¢ir commitment. generosiry and suppo11 and grateful for each and every one of oui. volunteers. Page 3
Veteraiis iii ComniLini lies
ort ot-tlie Trustces
t-or Ilie Yeai. Ended 31 Marcl) ?0?4
STRATEGIC REPORT
Fundraising activities
Members of VIC and tlie public have been inci'ediblj generous witli their donations and fundraising efforts.
significantly Lonti-ibuling to our financial suppoit. This financial year. the VIC Choii. Irsumed its fundi'aising
activities and i?ised over £? iOO for VIC.
Sales of ails. ciafts, aiid Vetei-ans iii Productioii producls liatre also seen a positive inLI-ease. geiierating mol'e
thali £?.000.
In aL4ditioii to Iliese etforts. VIC lias hosted sevei'al tuiidraiJiiig eveiits. aiid Inembei-s liave 01-LTaiiized theii.
owi) initiatives. col lectivel)" raisiiigi over £?6,000 this s eai..
The publiL'S 4enei-ositN' 'aS especi al ly noidble dui-ing tlie Christinas _£eas01I. Tlianks lo donaiions ol" t-OOLI and
loi lelries. we wei-e able to dislribute OVLI- 70 hanipers lo iTrdividual.% living alone or witli liiiiiled iliLome.
Achievement and performance
Highliglits i)t- tlie Year
VIC Wc1S pi'oniinentlN' repi-eseiited at Arnied Foi-:'es Day and Reinenibi-ance sei-vices Ilirougliout East
Lancasliii'e aiid in H¢vwood. Middleton. aiid Rochdale. Wi'eailis w'eir laid al niuliiple IoLalions lo hoiiour
vetei-ans.
VIC have held over JOO outreach sessions aci'oss our area of benefil. Staff and volunteers hawe continued Lo
provide a proaiiive sei-viLe in reachiiig OLlt to new and exisiiiig membeis at OUl- OUTreach Sessions aiid oui-
mai li centi'e in Hasl i ngden providing a deepei. level of oiie-to-oiie support whei'e requii'ed.
VIC coiitiiiue to undertak-e projecis w itliiii their local communities eiicoui'agiiig beneficiaries 10 uti l ise theii.
skills and seI'vice experience to help tlieir local communities. In iliis fiiiancial yeai- Ihis has included
designing aiid ci'eating a floivei. bed iii I'eadiiiess foi. Ihe Bi'itaiii iii Bloom Competitoii, the manufaclui'e aiid
erection of a memorial beiich in a local commui)ity space ai)d mai'shalliiig and assistiiig wilh commuiiity
events.
VIC continue 10 ivork collaboratively with existing and new partners i n ol'der raise awai'eness of issues thai
veterans al'e faced witli and to pi'ovide the best possible support for them by working in partnership.
Over 70 fcstive food hampers were created and delivered 10 those most in need across our ai'ea of benefit
prior to ChrislTnas. This was made possibli due to 5everdl donations that were m(Ide to us. Additionally.. our
centre remained open over Christnias and bank holidays ensuring suppoi't was av
oi't ot. Ilie Ti-ustee tor Ilie Yeai. F.iided i l Mai'cli 10?4 STRATEGIC REPORT Financial review Financial position The Statement of Fiiiancial Activities set OLIt on page l O shows how oui- t-unds were I'aised and applied dui-iiig Ihe yeai.. This slatenieiit sepai'ates fiinds. wliich tlie chai'ity, itself coiili-ols - iiiii-estricted fiinds, from t-uiids '111ch have to be speiii iii a maiinei. detei'ni ined bj. the donor - i-estl-ILted tiiiids. The trustee5 al-e guai'antDfi of Ihe compaiiy. Theii. liabilities as set oiit iii tlie memoi"aiidum are liiii ited lo £ l O per ¥uai-aiitor. Principal (11erS Vtytirans in LommuiiitiLS is 171-atet-ul i() all tlie fiinderb Ii'ho have madL II)L delivurN' of iLfviLe% possible dui'iniy Ilie iieai-' Lancasliii'e and Soulli C-Lltnbi-ia Inlegi'ated Cal-e Bnard Noi'tlierii Carc A Iliaiice NHS (irniip Ariiied Forces Covenaiit Fund Trust Changiiio Future5 project. pail of tl)e Buildinb Bcttei- Oppoi'liinilies Fuiid juiiiily t-unded bj the Nalional Lolleiy ConiiiTrunity Fuiid and the European Sc)cial Fuiid Co-op Local ConiniLin itTr FLiiid Tesio ComniLllI11)' Gran15 Rosseiidale Rolai). Cl uli The Duch). of Lancaster Benevolent Flind VIC are deli(Flit¢d lo have new and coiTrtinLied relalionships and 5LippoI1 willi Cathei'ine Smytli Media. Babble. Vet¢raiis iiiio Logistics. Meo Ti'ainiiig Solutions. Stitches R Us. GIEggs, Asda and Tesco. Partiiei'ship woi-k.ing has pi'oved liow vital collaboi-aiion ai)d joiiil woi'king is in meetiiig the iieeds of out. Inenibeis. We aj'e foiyuiiate and pleased to have worked w'itli all of our pai1nei-s: LaiicashiiE Ai-med Foi'ces Coveiiant Hub. Cilizeii's Advice Rossendale and Hyndbui'ii. Mililaiy Veiei-aiis Seivice, Royal Bi-itish Legioii, Rochdale Meti'opolitaii Couiici l. MIND {Rochdale). Iiispire. Anned Forces Coveiiaiit Gi'oups ii) Buriiley. Pendle and Rochdale. Selnei. Advocacy Focus SSAFA aiid Fighiing with Pride to name just a tew. The suppoit ot. local businesses and or2anisaiions has also beeii graielully received and is essential to oui- developineni Investment policv The Trustees ot Veiei'ans iii Conimuiiities review the Investment Policj on an annual basis. considering casb flow nceds uf ihe organisation and Ihe level of I'eserves available tor investnient. At tliis time the Trustees feel tlierc are not sufficient assets avai l(Ible for investment wiiliout Ll'ealing a higli risk level for C1]flow. Th¥ Trustees do take i nto consideratioii ilie limits of Ilie Financial Services Coinpensalion Scheme (FSCS). Conseqiiently. Veterans in Coinmunities holds bank aLcoiints ai two sLpai?IL institulions- Nalional Westmi nstei. and CAF Bank. This eiiables the dis11'ibLltiun uf tundb lo milibyale Ihe risks itt ilLLurdance with F%CS limits. The FiiianLial Policy and Pi-vLedures oulliiie5 the LheLks atld balances in pl(Ice lo regulat findfiLidl Ii-dllsiiLiions and h2iidlin(y ot moiiey within VIC. Page i
Veierans in C.i)111111 Liiiilies ort ot"Ilie Ti'usttes STRATEGIC REPORT Financial review Reserves policy The Trustees of Veterans in Communities I'eview the Reserves Policy on an annual basis. considering the reserves available, tlie need to desigiiate fuiids against potential redLiiidaiicy costs. fLlture commitments and the level ol. I'iik aLceptable 10 rhe Ti'iistees. The Ti-ustees liave detei'mined Ihar Vetei'ans ill Communities M'ill maiiitain ti-ee reserves equivalent to approximately l5ti ot Ihe projected expeiiditiire toi. rhe fol ID¥1 iiig ) ear. Iii the eveiit that all or all. fundiiig 1> lost. the reservLS M'i I l enable VIC to maintain (l ieivice ¥Tr"hi l)t rLsLaiLliiiigT aiid soui-ciiig othei- fLiiidiiig to eiiablL COlltiiiuit}' aiid IDll¥ tei-m viability. Ot the orgaiiisatioii. At 31 st March ?0?4 VIC has £46.319 as Iree reserves atter designaled t-und5 al'e accounted for. Tliis repres¢nts ?8.3 % ot- budgeled expeiiditure toi- Ilie tinancial vear ?0?4 '?). T17is figure falls sl ighil J outside tlie pai?iiieters sel by the Trustees and wi I I be considered and addi-essed by the Board ol" Trusiees dui'ing tlie year pai'ticularly in view of esLalaiin¥ cosls. VIC is toiluiiale lo hold the asset ot the VIC buildiiig ivithin ils aLcoui)Is. Hoivevei.. Iliis bui Idin¥ is held in trust tor Ilie comniuiiiryi and ils V&lue caiinoi be realised to ¢lie benefii ot" vic. Designated Fund5 The Trustees of Vetei'ans iii Coiiimunities have considered ihe developnient of the organisation and the length of employment of a number ot slaff. In 01-dei- to mitigate against any funding risks in the coming year. the Ti'ustees have deemed li prudeiit to designaie funds lo covei. any iequired reduiidaiicies. As of i I st Mai'ch ?0?4. the designaied fwid will remain at £ l i.000. Veiei?i)s iii Commllllilies owiis a vehicle piii'chased Ilii-ougli gi-aiit fundiiig. which has beeii depi-eciaied over a IiLimber of yeais. Due to Ihe age of the vehicle, the Tr[eeS had pi-eviously recognised that tliere wi I I be addiiioiial expendicure to maintain it io ali acceptable staiidard. Duriiig this tinaiicial yeai-, a I'eplacemeiit vehicle has been soughi. IherefoiE as of 31 si Mai'ch ?0?4 the desigiiated funds set aside 10 cover the balaiice of the replacement vehicle remains at £50,000. The Trusiees have felt it prudent to designate funds rowards ongoing staff costs in ordei- to relain staff beyond the life of tlie project funding uniil additional funding can be secured. The balance of Ilie desiiynated fund in the previous year was £?O.000. £10,000 of this fijnd was used in this tinancial year against onooing siaff costs, Iherefore, as of 31 st Marcli ?0•4 the designated fund will reniain at £ l 0.000. The Trusiees have also designated funds across various projecis: Veterans in Pi'oduction £8.816 Creativc C.otnmunity Hub £5.055 VIC Hjndburn £249 Mudel Railwa). cliib £478 Page 6
Veterani iii Conin?unilies
01-I c)f Ilie Trustees
t-or Ilie Yeai. Ended i l Mai-cli ?014
STRUCTtiRE, GOVERIN,4NCE AND fvIANAGEMENI T
Veterins In Coi)Imuiiities IVICI is a regislei-ed cliai'itk. operalin(Y '1th11] a Loiiipan>' liiiiiled bN gLiaraiiiee.
VIC iiicoi'poi-ated as a Conipan J. Limiced b} Giiai?iilee in Sepiember ?0 l ? and acliieved cliai-ilable status in
MarLlI ?013.
VIC Liirrentl!. has a Board ot" 8 TI'LISlees respi)nsible t-oi. goveriiaiice aiid developiiig7 aiid driviiig 5traieiFS'. ,4
siib-¥i-OLlP of seiiior staft and J Ti-ustees toi-ln tlie ExeciitlVL Gi-oup 11?itl li(ts a day- bJ"_da) InaiiaoemL"Iil I'()le.
The -fi-uslecs arc volunlary social eiitrLprcncui-5 w Iio
Veleraiis iii Coniniiiiiilies ori ot- rlie Trustees t-or Ihe Yeai. Elided i l Mai-cli ?0?4 STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (who are also the directors of Veterans in Con)niunities for the purposes ot" company law) are responsible for preparing tlie Report of the Ti'ustees and the financial statements in accoidance with applicable law and United Kingdom Accounting Standards (United Kingdom Genei-ally Accepted Accounting Practice) incliiding Financial Reporting Siandai'd 102 "The Financial Reporting Standard applicable iii the UK and Republic of Ii'eland" Compan). lai* i-eciuires tlie triistLe5 to pi-epare fiiiaiicial stalemLnLs for cach fiiiaiicial J'car H hich gFive a ti'ue and fair ViLlI' ol- Ihe state of aft(iifs of the charitable Compan and of the iiiLotniiig i-csourLes itiid application of i-esoufcLs. iiicludiiig the iiiLome aiid eKpeiiditiire. ot" the cliariiable LDtnpaiiy t.or tliat pei-iod. In prepariiig those tiiiancial btateinciits. the tl-Ll.steL% aiy iyquired to selecl suitablc accounting policies and then apply them consi_qteiitl J" observe the InLtliods and principlc5 in Ihe Cliarity SORP. niak¢ judgenienls and e5timaCes Ilial are reasonable and prudeiit; pi-epare tlie financial slalemenls on the going concern basi5 unless it is inappropriate 10 pi-esuiiie tliat the cliai-i table coimpaiiy wil I continue in business. The trustees al-e respon5ibl¢ toi- keeping proper accountlllLT records whicli disclose witli reasonable accurac), .It an)." lime the financial posilion of the charitabl¢ comi)aiiN' anii to enable Lliem Lo ensui'e Il)at the financial slatenients coniplj" willi tlie Conipanies Aci ?006. Tliey" al'e also Irspon5ible for safeguarding tlie assets of the chariiable con)paiik' aiid hence foi- tak-ing reasoi)aLile slep5 toi. Ilie prevention and delectioii of fi'aud aiid other irregulai-ifies. The trustee5 are responsible t"oi' Ilie n)aintenance and iiilegrity of tlie corporale and financial infoi'mation included on tlie charitable company's websile. Legislalioii in the United Kingdom governiiig the preparation aiid disseminalion of financial staiemeiits may ditfer fi-oni legislation in other jurisdictioiis. Iii accordance witli the Charities {Accou1i aiid Repoi1S) Regulations 2008. Ihe charity Ii'ustees have regard tor the Charity Commissioii s public beiiefit guidaiice when developiiig aiid planiiing the charitable company's objectives aiid activities. This report has been pi'epaitd in accordance with the special provisions of Part li ot- the Companies Aci ?006 relating lo sinall companies. Report of the trustees: incorporating a strategic report, approved by order of tlie board of trustees, as the conipany dii'ecioi's. on i oth Septetnbei- ?0?4 and sioned on Ihe board's beh<ilf by.. R Barkei. MBE - Trustee Page 8
endent erfs Ra Veterdns in Cotnmunitt'es ()n LO the Trusrees of llldependent ex2mAAer'J r¢port to the trnJtee4 of V¢t¢rans An Communltlej (Vthe Company I report to the charity tnthees on my examination of the accounts of the Company for the year ended 31 March 2024. Rejponslblllllej and of report As the charity's trustces of th¢ Compny (and also its dircGtors for the purp(5 of compatry law) you arc responsible for the preparation of the aCcots in accordance with the requirements of the Companies Act 2006 {*be 2006 Act?. Haw satisfied myself that the aGwunts of Company ate not required to b8 audifrd U[er Part 16 of the 2(M)6 Act are eli811)le for independent eX&MiDatio I report in res of my examination of your ¢lwity's accounts &8 carried out under Sertion 145 of the awrities Act 2011 ftbe 2011 ACV). to carrying out my examiDation I bave follow th¢ DirectiODS given by th¢ Chty Commission under Section 145(5) (b) of the 2011 ACL Indep¢ndent exlIer,1 Itstement I have completed ewlnatiOn. I confirm that no matters have come to my &tention iti cornection with the examiJJation giving me 13¢ to believe: I01Mling records were not kept in reslxct of thc Company as required by Section 386 of the 2006 Act; or the accounts do not accord WAth those record%. or the accounts do not compty with the accounting requirements of Section 396 of the 2006 Act other than any requiranent that the accounts give a true fair vi¢w which is not a matter considered 83 part of an independent examirjation: or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recornmclld Practi¢¢ for aountiDg and reting by ¢hatitie3 (applicable to Chariti prepariDg their accounts in acctrdamce with the Finala1 Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)). I bave no con¢erns and have Come across no other matter5 in rAmne¢tion with the examinatlon to which att¢nliM should be drawn io thi5 report in order to enable a propff of the accounts to Ix IJ aL4 N l Grindrod & Co Limited First Floor SoV•re1 Hou Bareblll Street Littleborougb OL15 9BL Sept¢rnr 2024 Page 9
V¢ternns in Comniunities Statement of Financial Activities for the Year Ended 31 March 2024 31.3.24 Total funds 31.3.23 Total funds Unrestricted Restricted funds funds Notes INCOME AND ENDOWMENTS FROM Voluntary income 149.5?6 149.526 181.044 Charitable activities Charitable Activities 240 9,902 10.142 44.322 Activiiies for generating funds Investment income 11.248 2,676 2,630 13,878 2,676 Total 163,690 176,222 247,609 EXPENDITURE ON Raising funds 9.579 4.210 13.789 17.606 Charitable activities Charitable Activities 197.328 7,496 204.8?4 207.?06 Total ?06 907 11.706 218.613 224812 NET INCOMEI(EXPENDITURE) (43.217) 826 (42,391) 22,797 RECONCYLIATION OF FUNDS Total funds brought forward 179,084 17,012 196,096 173,299 TOTAL FUNDS CARRIED FORWARD 13i.XC)7 17.%_3X 153,705 The notes form part of these financial statements Pag¢ 10
Veterans in Comniunities Statement of Financial Position 31 March 20?4 31.3.24 Total funds 31.3.23 Total funds Unregtricted Restricted funds funds Notes FIXED ASSETS Tangible assets 5,340 270,000 275.340 270.000 CURRENT ASSETS Debtor5 Cash at bank and in hand 10 9,297 132.285 9.297 151,125 30,958 180.786 141,i82 18,840 160,422 211,744 CREDITORS Amounts falling due Wlthin one year (12.056) (12.056) (15.648) NET CURRENT ASSETS 1 ?9,526 18,840 148,366 196,096 TOTAL ASSETS LESS CURRENT LIABILITIES 134,866 288.840 423.706 466.096 CREDITORS Amounts falling due after more than one year 12 (270,000) (270,000) (270.0(x)) NET ASSETS 134.11()l) 18.R41.1 I f.3.7111) The noLes forni part of these financial statements Pagell continued...
Veterans in Comniunities Statement of Financial Position continued 31 March ?0?4 31.3.24 Total funds il.3.23 Total funds Unrestricted Restricted funds funds Notes FUNDS Unrestricted funds: General fund Vehicle Rcplacement Fund Reduiidancj Contingency Fund vip The Communit). Creative Hub VIC Hyiidburii VIC Heywo(Kl Sandbag Railway Club vppp Ongoing staff costs 46.i19 50.000 15,000 8.816 i.05) ?49 67.978 iO.000 15.000 9.5?? 4.496 409 501 ?67 10.911 20,000 4?8 10,000 135,867 179,084 Resiricled funds.. DCEPT Hardship Fund Amied Forces Covenant Trust Awards For All Armed Forces Covenant- VSNBF Prince of Wales Charitable Fund Developing Veterans Clithei-oe Middleton Mess Tin Battlefields Trip Small Grdnts 7.736 7,736 1.6i3 1.583 1.216 1.000 1,216 515 1,002 100 1.684 17,838 17,012 TOTAL FUNDS 153,705 196,096 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 tor the year ended J l March 2024. -rhe members hiive not required the company to obtain an audit of its financial statemenis for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006. The notes form part of these financial statements Page l? continued..
Veterans in Comniunities Statement of Financial Position - continued 31 March 20?4 The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial statements which give a true and fair view of the State of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements. so far as applicable to the charitable company. These finajicial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authortsed for issue on l O" September ?0?4 and were signed on its behalf by.. R Barker MBE- Trustee The notes forni part of these financial statements Page 13
Veiei'ans iii Coniiii unities
Notes 10 Ilie Fi iiancial Staieiiieiils
t-01- Ilie Yeai. Ended i l Mai'cli ?0?4
ACCOUNTING POLICIES
Basis of preparing the financial statements
The tinancial 5talernents ol. the charitable conipanj, which is a publ ic benefit entity under FRS 102,
have been pitpared in accordance with the Charilies SORP IFRS I O?) 'Accounting and Reporting by
Chai-ities.. Statement of Recoinmended Pi-aciice applicable to Lhai'ifies pi'epari ng tlieir accounis in
acLOI-dance with the Fiiianci al Repoiling Staiidai-d applicable iii tlie UK dnd Rcpubl ic of I i-eland l FRS
) (effeciive l Januai) 0191,. Finaiicial Repniting 5taiidai-d l O:
l-he Finaiicial RepuiliniF Sliindai-d
applicahle in rlic LIK and RcpLibl IL Ot Ii-claiid, aiid Ihe Coiiipaiiies A ct
71)06. The tiiianciiil sliilemeiits
have bLcii pr¥pared undLI- tlie hiiloriLal cust COllVLlItioii.
Income
A I l income is recDgni_sed in the .%tatemeni of Finaiicial Aclii'itie5 once the Lh<iriÉN' has eiititlemLnt lo
tlie t-unds, it is probable thai t17e iiicoine will be i-eceived and tlie aimounl cali be measurLd reliably.
Expenditure
Liabilities al-e I'ecognised as expenditui-e as soon as thei-e is a legal Dr consirucliv¢ oblioacion
coniin ittinu the charity lo tliat expendiiure, it is prol)al)le tlial a fraiisfei. of econoniiL benefiis wil I be
I'equii-ed in settlenient and the aniount of Ihe obligalioii can be niea5uI-ed I'eli¢ibl)'. FxpenditurL' is
acLoiinted foi- on ali ai.'crual.s basis and has beeii classitied under lieadinÉTS ili
Veterans iii Comniunities Noles 10 tlie Financidl %IJiLIIIL17L for tlie Year Ended i l Mai'cli ?024 continued ACTIVITIES FOR GENERATING FUNDS 31.3.24 31.3.2i Fundraising events Rental income (room hire) Art sales Ci-aft sales Other sales Clothin¥ sales 6.025 5.168 io? 8,172 9.897 467 73) 1.636 140 li.878 ?1,19? INVESTMENT INCOME il.i.24 31.3.23 Bank inteiESt 2,676 CHARITABLE ACTIVITIES COSTS Direct Custs Support costs T(il¢il Cliaritable Activitie5 ?01.884 2,940 ?1}4.814 NET INCOMEI(EXPENDITURE) Net income/(expenditure) is stated after chargingl(crediting)'. 31.i.24 31.3.23 Accountancy fees 2,880 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for Ihe year ended 31 Marcli ?0?4 nor for the year ended 31 March ?023. Trustees, expenses Tliere were nu Irustees, expenses paid for tlie year ended 31 March 2024 nor for the year ended J l March 2023. Page 15 continu¢d.-.
Veterans in Comniunities Notes to the Financial Stateiiient5 - continued for tlie Year Ended 31 Marcli 2024 STAFF COSTS The average monthly number of employees during thc ycar was as follows.. Support staff No employee5 reLeived emoluments in excess of £60.000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted tunds funds Total funds INCOME AND ENDOWMENTS FROM Voluntary income 180,944 100 181,044 Charitable activities Charitable Activities 1,498 42.8?4 44,322 Activities for generating funds Invesrment iiiconie 21.09? l.oil 100 21.192 l.oil Total 204.585 43,0?4 ?47,609 EXPENDITURE ON Raising funds 9,752 7,854 7.606 Charitable activities Charitable Activities 146,582 ?07.206 Total 156,334 68,478 224.812 NET INCOMEI(EXPENDITURE) 48.251 (25.454) 22.797 RECONCILIATION OF FUNDS Total fijtids brought forward 130,833 4?,466 173?99 TOTAL FUND.S CARRIF.D FORWARD 179.084 17.01? 196.096 Page 16 ontinued...
Vece17ns in Comniunities Notes fo the Financial Siateiii¢nts - continued t.or the Year Ended J l Marcli 2024 TANGIBLE FIXED ASSETS Fixtures, fittings and office equipment Freehold proper Plant and machinery Motor vehicles Totals COST At l April 7023 Additions 270.000 14.63? 9.9?0 17,994 i,340 332.546 5.340 At 31 March ?024 270,000 14,6)2 29,920 3i7.886 DEPRECIATION At l Apri12023 and 31 March 2024 9,9?0 17,994 NET BOOK VALUE At 31 March ?0?4 270,000 75,340 At 31 March 4023 270.000 270,000 DepciatIon on the property 15 no longer required and has therefore been written back to its original gifted value on the basis that VIC will enjoy use during its lifetime and will noi benefit from any appreciation in value after any transfer ot" ownership. 10. DEBTORS: AMOUIYTS FALLING DUE WITHIN ONE YEAR 31.3.24 Trade debtors Other debtors Pi'epaymenls and accrued income 2,862 24,522 6.435 9,297 30,958 Page 17 ontinued...
Veterans in Comniunities Nolcs to che Financial Scateiiients - continued t-or the Year Ended 31 Mai'cli 2024 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR i l.i.24 31.3.2) Trade creditors SoLial security and oihei- taxes Accruals 2.)25 2.)60 6,971 6.361 2.376 6.911 12.056 15,648 12. CREDITORS: AMOUNTS FALLINC. DLIE AFTF.R MORE THAN ONE YEAR Contingent li(Ibility in respect of Gifted Propeity 13. MOVEMENT IN FUNDS Net movemeiit in fuiids At At 1.4.?3 Unrestricted funds General fund Vehicle Replacement Fund Redundancy Contingency Fund vip The Cominunity Creative Hub VIC Hyndbum VIC Hcywood Sandbag Railway Club vppp Ongoing staff costs 67.978 50.000 15,000 9,522 4.496 409 501 267 10.91 20.000 (?1,659) 46,319 50.000 15.000 8,816 5.055 249 (706) 559 (160) (501) 161 (10.911) i 0,000) 428 i 0,000 179.084 (43 ?17) 135,867 Restricted funds DCEPT Hardship Fund Armed Forces Covenant Trust Awards For All Arnied Forces Covenanl - VSNBF Prince of Wales Chilritable Fund Developiiig Veterans Clitheiu)e Middleton Mess Tin Battlefields Trip Small Grants 7,736 1.633 1.583 1.216 1.000 7,736 1,633 (1.583) 1.216 (1.000) 515 1.002 100 ?,225 {1.002) 1.584 3,344 17,012 896 17,838 TOTAL FUNDS 196.096 42.391) 153.705 Page 18 continued...
Veierans in Comniunities NI71L5 tLI tIIi tor the Year Ended i l Marcli 2U24 13. MOVEMENT IN FUNDS - continued Net movement in funds. included in the above are as fol lows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund Fuiidraising - Singing Fundraising-Oth¢r HMR-INT vip The Community Creative Hub VIC Hyndbum VIC Heywood Sandbag Railway Club vppp Ongoing staff costs Integrated Care Board 36,254 144 14 l j,9?9 230 (57.i13) (144) 114) (15.919) 1936) (? 2?0) (21.2i9) (706) 559 (160) (501) 161 (10.9111 (10:OOOi 4001 (501) (79) {J7,1611 ( i 0,000) 240 26,250 163,690 (206.907) (43.217) Restricled fund5 Building Better Oppoiiuniiies Armed Forces Covenani Trust Arnied Forces Covenant - VSNBF Prince of Wales Charithble Fund Developing Veterans Clitheroe Middleton Mess Tin Battlefields Trip Small Grants 3.813 1.468 (3,813) (3.051) ( 1.000) {1) (i) (515) (1,002) (1,046) (1.583) ( 1.000) (i) (515) (1,002) 1,584 7.630 4.621 11,706 826 TOTAL FUNDS 176,222 ?111.613) 14? 31?1) Page 19 ontinu¢d...
Vecerans in Comniunities Notes to the Financial Slaieiiients - continued t.or the yar Ended 31 Mai'cli 2024 13. MOVEMENT IN FUNDS- continued Comparatives for movement in funds Net movement in funds At At 1.4.2? Unrestricted lunds General fund Vehicle RepldLement Fund Redundancy Contiiigency Fund VJP The Community Creative Hub VIC Hyndburn VIC Heywood Sandbag Railway Club vppp Ongoing staff costs 46.382 iO.000 15.000 ?.69? 3.63? 4?6 523 21.i96 67,978 iO.000 l i,000 9.5?? 4.496 409 501 267 10.911 ?0.000 6.830 864 (17) 267 8.733 i 0,000 10.000 130,833 48.251 179,084 Restricted funds DCEPT Building Bellei. Opportuniiies Hardship Fund Arnied Forces Covenant Trust VIC Sublimination Awards For All Ariiied Forces Covenant - VSNBF Prince of Wales Charitable Fund Developing Veterans Cl iiheroe Middleton Mess Tin Battlefields Trip Small Grants 7.736 3.036 1.708 7.736 (3.036) (75) (20.54)) (869) (2.?39) (4i8) 1.633 ,583 869 1,216 1,000 1.438 515 (1.0.92) 100 515 1.002 100 2.2?5 2.094 4?,466 ?5 454) 17.012 TOTAL FUNDS 173.299 22.797 196.096 Page 20 continued...
Veterans iii Comniunities LLiiIIIiiuLd foi. Ihe YLar Ended i l Mai-cli ?024 13. MOVEMENT IN FUNDS - continued Comparative net movemenl in funds, included in the above are as follows: Incoming resources Resources eypended Movement in funds Unrestricted funds General Fundraisin¥-Other vip Tlie Commuiiity Ci'eative Hub VIC Hyndburn VIC HeyWO( Sandbag Railway Club vppp Ongoing stsff costs l Oth Anniversar), Integraled Care Board 61.644 8?8 6.830 3,166 48 40.048) 21.i96 6.830 864 (17) (??) ?67 8.733 i 0,000 (? 30?) 16)) (31?) (?01) (26,267) 468 35.000 i 0.000 4.471 81.830 14,4711 (81,830 204,585 (156,334) 48.2) I Restricted funds Bui Iding Better Oppoitun ities Hardship Fuiid Armed Foi'ces Covenant Trust VIC Sublini ination Awards For All Aniied Foi"ces Cov¢nant- VSNBF Clitheroe Middleton Mess Tin Battlefields Trip Small Grants 12,650 {15.686) (75) (45.083) (869) (2,239) (849) (1,585) (2,092) (3,0361 (75) {?0.545) (869) (? ?39) (438) 515 (1.092) 100 2,225 ?4.538 411 2.100 1.000 100 43,024 1 ()8.47XI TOTAL FUNDS 247.609 1*74.81? Page21 continued...
Veterans in Comniunities ioiili iiued for Ihe Year Ended 31 Marcli 2024 13. MOVEMENT IN FUNDS- continued A Current year 12 months and prior year 12 months combined position is as follows: Net movement in funds At 31.3.24 At 1.4.22 Unrestricted funds General fid Vehicle Replacement Fund Redundancy Contingency Fund vip The Community Creative Hub VIC Hyndburn VIC Heywood Sandbag Railway Club vppp Ongoing staff costs 46.382 50,000 15.000 ?.69? 3.632 426 523 (63) 46.319 io.000 15,000 8,816 5.055 ?49 6.1?4 1.4?3 {177) (5?3) 428 (2,178) 428 2,178 10,000 130,833 5,034 135.867 Restricted fund5 DCEPT Bui Iding Better OprM)rtunities Hardship Fund Am]ed Forces Covenant Tiijsl VIC Sublimination Awards For All Armed Forces Covenant- VSNBF Prince of Wales Charitable Fund Developing Veterans Middleton Mess Tin Battlefields Trip Small Grants 7.736 3,036 1.708 ?2.128 869 3.455 1,438 7,736 (3.036) {75) (22.1 ?8) (869) (2,239) (1,438) (i) (i) (2,094) 1,684 1,633 1.216 2,094 l.()84 1 4.6?11) TOTAL FUNDS 173 I l (l l14) 1 71 711) Pag¢ 2? continued...
Veterans in Comnjunities Notes to tlie Financial Stateinenis continued for ihe Yeai. Ended 31 Mai'cli ?024 13. MOVEMENT IN FUNDS- continlled A current year 12 months and prior year 12 months combined net movement in funds. included in the above are as follows.. Incoming i-esoui-ces Resource5 expended Movement in funds Unrestricted funds General fund Fundraising - Singing Fundraisiiig-other HMR-INT vip The Community Cr¢aliv¢ Hub VIC Hyndbum VIC Heywood Sandbag Railway Club vppp Ongoing siaff costs 10th Anniversary Integrated Care Board 97.898 144 842 15.9?9 7.060 5.945 48 300 708 61.250 10.000 4,471 16i.680 (97.961) {144) (84?) (15.9?9) (936) (4,5?2) (?? j) (823) {280) (63.4?8) { i 0,000) (4,471) 16i.680) 163) 6.124 1 ,423 (177) {523) 428 (1 178) 368.275 (363.?41) 5,034 Restricted funds Bui Iding Better Opportunities Hardship Fund Armed Forces Covenant Trust VIC Sublimination Awai-ds For All Amied Forces Covenant- VSNBF Prince of Wales Charitable Fund Developing Veterans Clitheroe Middleton Mess Tin Battlefields Trip Small Grants 16,463 (19.499) (75) (48,1 i4) (869) (2.239} (1.849) (i) (i) (2,100) (3.094) {1.046) (3.036) (75) (22.128) (869) (2,239) (1.438) (i) (i) 26,006 2.100 1,000 2.730 6,846 (2.094) 1,684 5,569 55,556 1811.1 $4) ?4.6?8) TOTAL FUNDS I11}.jC)4) Page 23 continued...
V¢leraiis iii Coniii)LinilleS Note% lo Ilie Financial Sialeiiieiii L()IICinued 14. RELATED PARTY DISCLOSURES Thei-e were no related pa. ti'ansactions for the year ended i l Marcli 20?4. Page ?4
Veiernns in Commuiiities Detailed Siatemeni of FinanLI ill Activilies for Ihe Year Ended i l Marcli ?0?4 31.i.24 Total funds 31.3.23 Total funds Unrestricted funds Restricted funds INCOME AND ENDOWMENTS Voluntary incotnc Donation5 Fundraising-singing Creative Community HMR-INT Income Generatioii vppp 10th Anniv¢i'sary Integrated Care Board VIP inconi¢ Voluntary incoine- General 20,066 2.012 ?0,066 ?,01? 15.)14 29 15.929 l i.929 38.230 130 3).000 1.500 84.416 6,500 ?6.?50 26.?50 85.039 ?30 85,039 ?30 149.526 149.)?6 181,044 Activities for generating funds Fuiidi'aisiiig events Reiital income (room hi rel Art sales Craft sales Other sales Clothing sales 3.395 5.168 50? 407 .636 140 6.025 5.168 502 407 1,636 140 8,172 9,897 467 735 1,921 11,248 2.630 13,878 ?1.192 Investment income Bank interest 2.676 2.676 1,051 Charitable activities Railway club subs Grants 240 ?40 9.902 9,90? 44.3?? 240 10,14? Total incoming resourees 163.690 12.531 176.2?2 ?47.6a¥ EXPENDITURE Other trading activities Projects costs 9.579 4.210 13.789 17,606 This page does not forni part of th¢ statutory financial statements Page 25
Veterans in Comniunities Yedi. l--iidLIl 31.3.23 Total funds. Unrestricted funds Restricted funds Total funds Other trading activities Charltable activities Wage costs Gas. electricity and water Telephone and computer costs Post. stationery and adverts Motor expenses Travel and refr¢5hments Insiirance Professional fees Repair5 Cleaning and hygiene Staff training Bank charges Subscriptions Sundries 151.755 10.627 2.794 6.089 2,043 5.171 3.47? 6.?30 ?.487 1.740 6,732 158.487 10.6?7 2,794 6.089 2.075 5.237 3.472 6.230 3,087 1.740 156.764 7.542 2.836 6.817 2.979 4.093 2,343 7.060 10.574 895 300 100 214 32 66 600 214 1,647 66 194,388 7,496 201,884 204,326 Support costs Governance costs Auditors, remunerdtion l)411 2,940 Total resources expended 218.613 Net incomel(expenditure) 826 42,391) .797 This page does not fomi part of the statutory financial statements Page 26