REGISTERED COMPANY NUMBER: 08230197 (England and Wales) REGISTERED CHARITY NUMBER: 1151194 ort of the Trustees and riiiaiiiicil .%t¢llLIIILlll% li)I' IliL YLai' r.iided 31 M&11'Lli ?ljlj for Veterans in Communities Acom Limited b Guarantee N J Grindrod & Co Limited First Floor Sovereign House Barehill Street Littleborough Lancashire OL15 9BL
Veterans in Comniunities Contents of the Financial Stakments for the Year Ended 31 March 2025 Page Refereiice and Administrative Details Report of the Trustees Independent Examiner's Report Statement of Financial Activities Statement of Financial Position 12 to 14 Notes to the Financial Statements 15 to 25 Detailed Statement of Financial Activities 26 to 27
Veterdns in Communities Reference and Administrative Details for the Year Ended 31 March 2025 TRUSTEES R Barker MBE Chairnian B G Hyde BEM J B Payton MBE D A Peat OBE (resigned on 7 February 2025) Retd Major C R Smethurst A Woods M Proctor COMPANY SECRETARY J B Payton MBE REGISTERED OFFICE VIC Centre 12 Bury Road H&8lingden Rossendale BB4 SPL REGISTERED COMPANY IYUMBER 08230197 (England and Wales) REGISTERED CHARITY NUMBER 1151194 INDEPENDENT EXAMINER N J Grindrod & Co Limited First Floor Sovereign House Barehill Street Lillleborough Lancashire OL15 9BL SOLICITORS WIK)dcock & Sons Prince&s Street Haslingden Rossendale Lancashire BB4 5NH Page I
Veleraiis in Comniunities oi't ot-tlie TiSLeeS for the Yeai. Ended J l Mai'cli 2025 ie ti'ustees wlio are also directors of tlie cl)arity for Ilie purposes of tl)e Companies Acf 2006, present their I'eport with the financial statements of tlie cliai-iry for tlie yeai. ended 31 Marcli 20?). The Lrustees liave adopled the pi'ovisions of Accountiiig and Repoiting by Chai-ities: Statement of Recommended Practice applicable to cliai'ities pi-epai-ing tlieir accounts in accoi-dance with th¢ Fiiiancial Reponing Standai-d ipplicable in tlie UK and Republic of Irelaiid (FRS 102) (effective l January ?019). OBJECTIVES AND ACTIVITIES Churitable Objects The Lharitable objects of VIC 415 registered with the Charily Comm issioii aiE: To rclieve need, suffei-ing aiid di5tirss amongst veterans ot- all branches of the Ai-med Forces and Iheii- partnets. spouses and dependenis in such ways as thc Truslees shal I think fit, pai-ticularly but nnt exclusively. by pi'ovidingv a compi-ehensive (Ind diverse oulreacli progyramme developed. designed and delivei-ed by veterans tor vele17ns in tlie North Wesl wliich support.s veterans suffering Ihe errecls of wai- and have tound the ti?nsition t-roiii iiiilitary to civilian life difficult as a Incans 10 presei've and protect Ilieir physical and niental health. support their resettleiiient. i-ehabil ifation, if needed. and theii- retrainiiig to help theiii obtain eniployment. VIC Mission Statement To ensuiE that ex-service peisonnel and their families can relui-n lo: belong and pi'osper in their comm unities. Objectives To provide open access to a ti'usied single point of contact ensuring all who may experience immediate and futlire difficLiliy in Ii'ansitioning from n)ilitary lo civilian life in any way know where to go. who to see and what to do To provide a l-ange of iiiterventions to meet the individual need of il)e AFC tnember to accomplish traiisitioii To provide access to every opportuiiity available to maiiitaiii health and wellbeiiig and achieve a return to ecoiiomic activity To provide oiigoiiig support to veleraiis aiid their families that promotes coi)tiiiuiiig recovery for as long as is requii'ed and I'ecognition that family and dependants as integral to recovery To deliver back 10 the community the benefit of tlieii. seiwice skills and knowledge To provide subject Inattei. expeilise and support to Local AuLhorities and theii. Anned Forces Coinmunity Covenant partners in gaining a 'veterans eye-view, and assistance in engaging with the community To highliglit and pi'omote awareness ot" veterans needs To establish patliwa}'s and paitnership.s foi- joint working lo achieve mutual outcomes and resuui-ce efficienLies Vctcrans in Communities is founded on peer suppo11 and Lummilted to paitnership and collaboi'ative working to achieve positive outLomes that result in retui'ning. belonging aiid piY)spering. Page
Veterans in Comniunities ort of tlie Ti'ustees t.or ihe Yeai. Ended 31 Mai'cli 2025 OBJECTIVES AND ACTIVITIES VIC Aims To pi'ovide suppoi't foi. ex-mililary pei'sonnel. ex-emergency services and prison service personnel and their families To encou17ge others to bl'ing their knowledge. eypci'icncc and cxpeitise to pi-ovide help. support and advice lo members of the Armed ForLe5 and unilormed civilian communities and build on existing seivices and develop others To encoui-age the intcgralion of tormer serviLe personnel inlo civiliaii lifc by encouraging thcm to contribute theii- service expericnce and skills to help thc local community To work together iii paitnership wilh oihcrs to support the Armed Forces Commuiiity Covenaiit iii recogiiisiiig in-service and cx-service personnel and their families. To establish partnei-ships through pledges which while iiot replaciiig statutoiy services. work towards addi-essing issues which affect former armed foyccs personnel and their fami lies. Volunteer5 VIC could not function wi Ihout its volunteers. They are found in evely aiea of VTC, conti-ibuling Iheii. tiine, skills. knowledge and efforl. They plan and deliver so many activities- ait group, choir, ci'aft group, walks, allotmcnt, niodel railway club, Sublimation, outr¢acli. pe¢r support. woodwoi'king. ski Ils training and learning. stalls and infoiynation stands. fundraising assistance and running oui. social activities. Over the year we have calculated the liours that VIC volunteers have provided to our niembers and the wider comniunity. Tlie volunteei's accumulaled over 8.700 voluntary hours and if those hours had been paid at national minimum wage VIC would have needed an additional £106.227 of funding. We are indebted to theii. commitment, geneiDsity and suppoit and g12teful for each and evely one of oui. volunteeis. STRATEGIC REPORT Fundraising activitie5 Members of VIC aiid the publ ic have beeii inci'edibly generous with their donations aiid fundi-aising effoits, significaiitly contributiiig to our finaiicial support. In this fiiiaiicial year. the VTC Choir's fundraising activities raised ovei. £•.600 for VIC. Sales of arts. crafts. and Veterans in Production products have also seen a positive increase, generating iiiore than £3,900. In addition to these efforts. VIC ha5 hosted seve171 fundraising events, and members l)ave organized their own initiatives, col lectively raising over £16:000 this year. The public's genei-osity was especially nolable during the Christmas season. Thanks to donation5 of food and toiletries. we were able to di5ti'ibute ovei. 65 hampers to individuals living alone oi. with limited incotne. Page 3
Velerans in Comniunities ort ot" Ilie Trustees t-or the Year Ended 31 Mai'cli 2025 STRATEGIC REPORT Highlights of the Year C-oniinuiiii Pi'esL'iice & L"oiiittieiiior(Ilions VIC maintained a strong community preseiice participatiiig in key comnienioi'ative evenls across the yeai.. Mcmbers and staff pailiLipaled in Remembrance cvcnts aci-oss l.ancasliii-e and CJl-eater Manchester. iIILliiding wrcath-laying Lei'emunie5, Ld5l Post pcrfoi'manccs. and thc M60 Ring of Red. ThL VIC Standard WdS Pill-aded al services locally and intcrnatioiially. including at thc Mcniii Gate in Belgium dui-ing thc VIC'S September Battleficld Tour. Thc oroaiiisation also marked Ai-mcd Forces Weck Ihi-ough flag-raisiiig cci-cmonics. vctci'aiis. parades. and local festivals SLich as the Accrington Veterans Day. The VIC Choii- gave i-egulai- peiformaiices at supermarkets across our ai-ea of beiiefil, i-aisiiig valuable fuiids thank.s to the generosity Ot-staff. customers. and volunteer collectoi's. Plans foi Riding foi. Fni'ces & Fainilie.s" were also launched a vetei-ans" cycling challenge fi-om the Cenotaph in London to Hasl i ngden dui'iiig Ai'med Foi'c¢s Week. with funds supporti ng VIC. Scolly's Little Soldieis, and Lancashii-e Ani)y Cadet Force. Oiilp'ecich & Sii oi'l VIC coiitinued to delivei- I'egular outreach sessions in Clitheroe. Accriiigton, Burnley: Middleton. Pi'eston (Sandbag Cafe). and other coniniunitj veniies. These sessioiis offered vital social oppoitunities and one-to-one welfare suppoit foi. veterans and theii. fanii lies. Paitne15hip initiatives incl uded the Defenc¢ Gardens Scheme s natui-e-based Ihe17py pi'ogizmme al Weeton Bai'racks, introduced thi-ough VIC'S attendance at the Thi'ive Togethei. NW open day and Lancashire Coiistablilaiy s Vetei'ans Lead and Local Policii)g Team who visited the Sandbag Café as part of tlie 'People s Voice" series, deepeiiing engagement with velerans in ci'isis. Additioiially. VIC repi-e5entatives joiiied over l ?0 attendees at the Forces Wellbeing Collective launch iii Wigan, fosÈei'ing I'elationships with regional and iiational suppoil orgaiiisatioiis. C'oinniuni IPro eels VIC membei's I'emained actively involved in creative and praclical community pi'ojects. The Art Group produced scenic backdrop for the Model Railway Club's Glenfinnan ViaduLI at tlie Acci'ington Velerans Di'op-in. The Railway Club meets iwice weekly and has benefited froin the use of donated Inagnifiers from Blind Vctei'ans UK. enabling nieiiibeis willi visual iinpaiiinents to participate in detailed iiiodel l ing work. Otlier ci-eative projects included public niurals. remenibrance benches and allotment woi-k in Helmshore. l (JliiJilL'¢'i' h_.ii l¢'llliiil & Pui'liii'i-,slij ?.1 Volunteeis coiitinued to play a central role in VIC'S work from suppoiting event5 and fundraising to project deliveiry. The choir fllndi-aising events demonstrated the impact of volunteer LolleLtois. while the ycling challenge prepai'ations i-eceived generoLiS in-kind 5UPPOIt from oui- kind sponsoi'5 to whom we air indebted. Col laborations continued with local businesses. community gi-oups, and Ai-med Forces associations. alongside pailicipatioii iii multi-ageiicy events SLich as the Forces Wellbeiiig Collecti ve. Page 4 seasonal.fii orl
In Deceniber. VIC coordinated the packing and distribution of over 65 Cliristmas hampers for vete12ns and faniilies in need. This was made possible tlirougli donations and the dedicated et"forts of volunteers. Social gatherings such as the Inembei's. Clii'isliiias Dinner, social inclusion trips, Ineals, and creative activities fostered camaraderie tlirougl)out the year. The VFC Centre also niaintained cleai. opening liours over the holiday periods to ensui'e continued access to support at a time when many services ar¢ closed. Re.Yeai'ch Jilvolveinent VIC continued its role in documenting and sharing veteran experiences through academic and creative partnership5. The short filTn Return. Belong. Prosper. co-produced wilh Anglia Ruskin University as part of thc Stories in Transition projecl, was screened at local venues. confeiEnces, and selected for an international film festival in Germany. This reseai-ch examined how creative enga¥ement suppoi1s the ti7nsitioii from mi Iltary to civilian life, with VIC'S woi'k presented alongside other national vete17n charitie5. Financial review Financial position The Statcment of Financial Activities set out on page I I shows how oui- funds were raised and applied during tlie year. This slatenient separates funds. which the cliarity itself controls - unrestricted funds, from funds which hav¢ to be spent in a nianner detcmiined by the donor- restricted nds. The trustees are guarantors of the company. Their liabilities as sel out in the memorandum are limited to £ l O per guarantor. Page 5
Veterans in ComniLinities ori of tlie Trustees tor the Year Ended J l Mai-ch 2025 STRATEGIC REPORT Financial review Principal funders Veterans iii Communities is grdteful to all the funders wlio have mad¢ the deliveiy of seivices possible dLlI'ingF the ycar: Lancashire and South Ciimbria Iniegi'ated Care Boai-d Armed Forces Coveiiant Flind TrLlSt Arnold Clai'k Co-op l.ocal Commuiiity Fuiid Lancashire Couiity CounLiI Making a DiffeiEiice Locally VIC are delighted lo have new and continued i-elationships (ind support with Cathei'ine Smyth Media. Avoira. stitche.s R lJs, Greggs. Asda and Tesco. Pai'tnership working has proved how vital collaboration and joint working is in meeting the needs of our iiieiiibers. We are fortunate and pleased lo liave worked wit17 all of oui- partners; Lancashire Arin¢d Forces Covenant Hub. Rossendale and Hyndbui-ii Citi£en's Advice, Military Veterans Service, Royal British Legion. Inspire, Arnied Foi'ces Covenant Groups in Burnley, Pendle and Rochdale. Seln¢t, Advocacy Focus SSAFA, Hyndburn and Ribble Vall¢y CVS and Fighting with Pi-ide to nanie just a lew. The suppoil of local businesses and organisations has also been gratefully received and is essential to our developnient Investment Policy The Trustees of Vetei?ns in Communilies review the Investment Policy on an annual basis. considering cash flow needs of the oi'ganisatioii and the level of reserves available toi. investment. At this time the Trustees feel thei'e al'e not sufficient assets avai lable foi- iiivestment without ci'eating a high i-isk level loi. casliflow. The Trustees do rake iiito consideratioii the limits of the Finaiicial Services Compensation Scheme (FSCS). Consequeiiily, Vetei'aiis iii Conimuiiities holds baiik accounts at two separate iiistitutioiis; Natioiial Westminster and CAF Bank. Tliis eiiables the disti'ibutioii of funds to mitigate the I'isks in accoi'daiice with FSCS limits. The Financial Policy and Procedures outlines the checks and balances in place to regulate financial transactions and handling of nioney within VIC. Page 6
Velerans in Comniiinities )()I'l L)I" Ilie -I'riisleL5 tor the Year Ended 31 Mai'cli 2025 STRATEGIC REPORT Financial review Reserves Policy The Trustees of Velerans in Communities revieM' the Reserves Policy on an annual basis. considering the i'eserves available. Ihc need to de5i¥nate funds against Potential redundancy cosls. future commitments and the level of risk acceptable to the Trustees. The Trustees have determined tliat Veterans in CoTnmunities will maintain ti'ee reserves equivalent to approximately 25OID of the projected expenditui-e lor the following year. In the event that all or any funding is lost. the re5erve5 will eiiable VIC lo maintaiii a service whilst rescarching and sourcing othei. funding to eiiable continuity aiid long tei-m viability of the organisatioii. At 3 1st March ?0?5 VIC has £56.058 as free reserves aftei- designated funds are accounted for. This represents 230/0 of budgeted expenditure foi- tlie financial year 2025126. VIC is fortunate lo hold the asset of tlie VIC building within its accounts. Howevei.. Lhi5 building is held in tiust for the cominunity and its value canno( be realised to the benefit ot-vic. Designated Funds The Trustees of Veterdns in Comniunities have considered the developnient of the organisation and the length of ¢mploymenl of a nuniber of staff. In order to mitigate against any funding risks in tlie coniing year. the Trustees have deenied it pi'udent to designate funds to cover any required redundancies. As of 31 st March 2025. Ihe designated fund wi I I remain at £15,000. Veterans in Communities had previously designated funds to covei. the cost ol replacing its vehicle. A new vehicle was purchased during the financial yeai.. and this acquisition is reflected in the financial slat¢ments. Following this expenditui'e, the remaining balance of the designated fund has been trai)sfeii'ed to the general fuiid. The Tiijstees have co1ldered it prudent to designate funds to support ongoing staff cosls, eiisuring coiitii)uity of service delivery beyond the lifespaii of specific project funding while addilioiial fuiiding streams are pursued. As of 31 st March ?025. the designated fund will be sel at £10,000. The Trustees have also designated funds across various projects: Veterans in Production £8,213 Creative Comtnunity Hub £1,643 Model Railway club £380 Page 7
Veterans i n Comniunilies orl ot.tlie Tiustees for the Yeai. Ended J l Mai'cli 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Veteians In Commlinities (VIC) is a registei-ed charity operating within a conipany liniited by guarantee. VIC incorpoi'ated as a Conipany Li mited b), Guai?ntee in Sepiember ?0 l ? and acliieved charilable stalus in Marcli ?0 l ). VIC currentl J. has a Boai'd of 6 Trustees responsi blc for governance aiid developi ng aiid driving strategy. A sub-gi'oup of scnior staff and J Ti'iistecs form the Executive Ciroup tliat has a day- by-day. TnanagFement role. Thc Trustccs are voluiitaiy social entrepreneurs who arc passionate about the area and liave worked loi- yeais to make it a bctter placc to live Lind work. Thcy air all local people chosen foi- their ski I Is and experience. They give geiieroiisly of their privatc time. at theii- owii expeiise. Ivith a 5hai-ed COTnmitmeiil to building a better futui'c foi. cx-sci'vices pei'soiinel, Iheii. familiLs aiid the widei- comrnuiiity. The Trustee.5 are bound by a Codc of Conduct and iEceive induction upon appointmenl. One third ol. the Directoi's. being longest in office. retii-e annuallj and are able lo be re-elected b>. the mcmbers, if the individual is willing. The Ti'ustees liave not claimed any expenses or received any remuiieration dui'ing the year. RISK MANAGEMENT The Tiustees of Veterans in Coniniunities recognise theii. responsibility to identify, assess and nianage all areas of risk in I'elation to the organisation. The Risk Managenient Policy outlines the pi'inciples of our risk nianagement appi'oach, the pi'ocesses foi- identifying i-isk. and tlie iiiethods used to assess those risks and tnitigate against them. 11 coveis all mattel's where I'isk can arise. compromisiiig staff and visitoi. safet>'. Risk management is undertaken in al l ai'eas of the oi'ganisation. Overall responsibility for risk management l les witli the Board of Trustees. Howevei.. it is expected ihat all staff. volunteei's and members will pla>. theii. part in ensuring risk is minimised on a day-to-day basis. The main areas of risk al'e coiisidered to be: Gov¢i'iiance Opei'atioiial Financial Environniental or extei'nal Coiiipl lance (law and Irgulation) The aiiii of the Risk Management Policy is to create robust sti'uclui-es: sy5leiiis and processes tl)at will niinimise or eliniinale. so far a5 is reasonably pi-acticable, risks to start-, membci-s, volunteers, the general public and the organisation by pronioting consistency in pi-actice. Thib policy is ainied at creating a strong understanding of the i-esponsibi lity for tlie assessnient and ttianagemenl of risk at all levels whether tlirough individual practice oi. in management ari-angements. Page 8
Vetei'ans in Comniunilies ort ot" Ilie Trustees t-or the Yeai. Ended i l Mai'cli ?025 STATEMENT OF TRUSTEES, RESPONSIBILITIES Tlie trusiees {wlio al-e also tlie directors of Velcrans in Conimunities for the purposes of conipany law) are responsible foi. pi'eparing tlie Reporl of the Trustees and the financial statenients in accoi-dance witli applicable law and United Ki ngdoni Accounting Staiidards (United Kingdom Geiieral ly Accepted Accountiiig Pi'actice) inLliiding Financial Reporting Standard l 01 'Tlie Finaiicial Repoilino Standaiyi appl icablc iii the UK (ind Repliblic of Irelaiid" Company liiw re£iuii-e5 the trustees lo prepare finaiicial slatemeiits foi- each financial year which ¥ive a ti-ue and fair vicw ot- the Stale of attairs of the chai-ilable company and of tlie iiicoming resoui-ces and itpplicatioii of re.%ourccs. illLludingT the i iicome and expendilui-e. of the chai-itable cotnpaiiy foi. that period. In pi-epariiig those fiiiaiicidl sltilerneiits. the ti'iistees are required to -select suitable accuunling policies and then apply them consistently. obseive Ilie Inctliods and pi'inci ples in the Chai-ity SORP- niake judgeiments and Cslimales tlial are reasonable and prudent. pi-epare tlie financial staiemenls on Ihe uoing concern basi5 unless it 15 i nappi-opi'iate to presiiine that tlie charitable coiiipany wil I conti nue in business. The tllJ5tees are I'esponsi ble for. keeping pi'oper accounting records which disclose witli reasoiiable accuracy at an), tinie the fi nancial position of tlie charitable company and lo enable iliein to ensure that tlie financial statenients comply with Ilie Companies Act ?006. Tliey are also I'esponsible foi. safeguai-ding the assets of tlie charitable coinpany and lience foi- taking i-easonable steps foi. tlie pi-evention aiid deteciion of fraud and oiliei- ii'irgulai'ities. The trustees are Ir5ponsible foi. the maintenaiice and inlegi'ity of the corpoi'ate and fiiiancial information included on tlie cliai'itable company's websitc. L¢gislatioii in the United Kingdom governi ng the preparatioii aiid di55emination of finaiicial statements may differ fi'om legislation iii otlier jui'isdictioiis. Iii accordance witli the Chai'ities (Accouiits aiid Repoils) Regulations 2008. the chai'ity tl-UStees hav¢ regai'd t.or the Chai'ity Commissioii's public b¢iiefit guidance wheii developiiig aiid planiiing the charitable compaiiy's objectives aiid activities. This report has been pi-epared in accordance with the special provisions ot" Paii 15 ot" Companies Act 2006 relaling to sinall coinpanies. RLport of tlie Ii'ustees. incoi'porating a strategic report, appi'oved by order of the boai'd of Iruslees. as the company diirctors. un 18 August ?025 and signed on the boai-d's behalf by.. R Barkei. MBE - Ti'lislee Page 9
dent Ex8min&s R Veterans in CarlnUnItieS to ¢ TDJ5t Ind¢pend¢nt MIner J report tffj the tru•t¢e8 ofv¢t¢raRJ ID Communities (lthe Company,) I report to th¢ clwity trustees on My examination of the locounts of the Compeny for thc year ended 31 March 2025. RespoDslbllltleJ aDd bts of report As the clwity's IDJstees of the Company (and also its directors for the pwposes of cojnpany law) you are reS&h)ble for the preparntion of the th)unts in accordance with the requirements of th¢ Companies Act 2006 (the 2006 A¢t'). Having satisfied rnYSethat the ac£ounts of the Company are not required to Ix auditsd under Part 16 of the 2006 Act and are eligible for independent examinatio I ryrt in respect of my examination of your charity's awjutrts as Caled out under Section 145 of the Chariti&q Act 2011 Cthe 2011 Ace). Tn rarrytn8 Out my exaMiOn I have followed the DireL*ioALS given by the Charity Commission under Section 145(5) (b) of the 2011 Act. Independent examin stitement I have completed my examination. I confirni that no matters have to my attention in QLinnection with the examithon givioE me cause to believe: ating re¢ords weTr not kept in respert of th¢ Company required by Section 386 of the 2006 AGL or the accou do not aord with those records; or the accounts do not compty with the accounting tequirements of Section 396 of the 2006 Act other thm ally r¢quirement that the 0ullts give & true and fatr view wbich is not a matter cold¢d &8 part of an independent eXamInO or the accounts have not been prepared in accordaDC¢ Wtth the m¢thod8 and principles of the St&ement of Re¢otDmended Practi¢e for 8¢countln8 and rewtiog by Charities (applicable to charities preparing their accounts in a¢¢ordan¢e with the Finan¢ial R¢porting Standard applicabl¢ in the UK and Republic of IrelaDd (FRS 102)), I have no c¢)n¢ern8 and b&ve ¢om¢ acro38 no other matters in ¢oDnectioD with the examination to wbich attention should be drawn in tbis report in orts to enable a proper understandiog of the acwunts to be N J Grind[ & Co Limited First Floor Barehill Stret Littleborougb Lancashire OL15 9BL 18 August 2025 Pa8e io
Veterans in Comniunities Statement of Financial Activities lor the Year Ended 31 March 2025 31.3.25 Totsl funds 31.3.24 Total funds Unreslricted Restricted funds tunds Notes INCOME AND ENDOWMENTS FROM Voluntary income 128?19 1?8.219 149.5?6 Charitable activities Charitable Activities 6.500 41.327 47.827 10.142 Activities for geiiei7ting funds Investment income 7.205 1,398 9.965 ,398 13.878 2,676 Total 143,322 44.1.187 I X7.411l) 176,222 EXPENDITURE ON Raising fijnds 10.193 7,7?9 17,9?2 13.789 Charitable activities Charitable Activitie5 177.703 218,113 204.824 Total 187.896 48,139 2i6.035 218.613 NET INCOMEI(EXPEiYDITURE) (44,574) (4,052) (48,626) (42.391) RECONCILIATION OF FUNDS Total funds brought forward 135,867 17,838 153,705 196.096 TOTAL FUNDS CARRIED FORWARD 91,293 1_1.7116 IO) 117£) 153.705 The notes forni pail of these financial statements Page 11
Veterans in Communities Statement of Financial Position 31 March 2025 31.3.25 Total funds 31.3.24 Total funds Unrestricted Restricted funds funds Notes FIXED ASSETS Tangible assets 37,485 270.000 307.485 ?75,340 CURRENf ASSETS Debtors Cash at bank and in hand 10 7.382 70,926 7.382 70,926 9.297 151.124 78.308 78,308 160.421 CREDITORS Amounts falling due within one year (10.714) (10,714) (12.056) NET CURRENT ASSETS 67,594 67,594 148.365 TOTAL ASSETS LESS CURRENT LIABILITIES 105,079 270,000 375.079 423,705 CREDITORS Amounts falling due after more than one year 12 (270,000) (270.000) (270,000) NET ASSETS 105,079 105,079 153,705 The notes forn] part of these financial statements Page 12 continued...
Veterans in Comniunilies Siatement of Fiiiancial Position - continued 31 March 2095 31.3.25 Total funds 31.i.24 Total funds Unrestricted Restiicled funds funds Notes FUNDS Unreslricted funds: Genci?l Fund Vehicle Repl(ILemeiit fund Redundancy Contingency Fund vip The Commuiiity Ci'cativc Hub VIC Hyiidbui-ii Railway Club vppp Ongoing staff costs (iarfield Weston 48,446 46.319 50.000 15.000 8.816 5.05) 249 428 15.000 8.213 1,643 380 i 0.000 6,388 10.000 135.867 Restricted funds.. DCEPT Hardship Fund Armed Forces Covenant Trust Awai-ds Foi. All Battlefields Trip Small Granls 7.736 1,633 1,445 1,216 7,736 1.633 1,216 1,684 5,569 632 13,785 17,838 TOTAL FUNDS 105,079 153 70_S The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the yeai- ended 31 March 20?5. The Ineimbeis have not I'equired tlie compaiiy to obtain an audit of its financial siatements tor the year ended 31 March 20?5 in accordance wilh Section 476 of ihe Companies ALL 2006. The trustees acknowledge theii- responsibilities foi- (a) ensuring that the Lharitable company keeps accounting records that comply with Secliuns 386 and 387 of the Companies Act 2006 and (b) preparing financial sialements which give a ti-ue and lair view of thc state of affairs of the charitable ompany d5 at ihe end of cach financial year and ut" its sui-plus oi. deficit for each financial ycar in accordance witli the requirements of Sections 394 and 395 and which otherwise cotnply with the r¢quirements of the Companies Act 2006 I-elating to findncial statements. so far a5 applicable to the cliaritable company. The notes foi'ni part of these financial slaten)ents Page 13 continiied...
Veterans in Communities Statement of Financial Position - continued 31 March 2025 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the sniall companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on l 8 August 2025 and were signed on its behalf by: R Barker MBE - Tnlstee The notes form part of these financial statements Page 14
Veterans in Communities Statement of Financial Position - continued 31 March 2025 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small conipanies regime. The financial statements were approved by the Board of Trusfres and authorised for issue on 18 August 2025 and were signed on its behalf by: R Bai"ker MBE - Tnjstce The notes fonn part of these financial statements Page 14
Veterans in Comniunities Notes to the Financial Stateii)ents for Ilie Yeai. Ended i S Mai'cli 2025 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company. which is a publ ic benefit entity undei- FRS I O? have been prepai'cd in accordance with thc Charities SORP (FRS 10?) 'Accounting aiid Reporting by Charities-. Sltit¥mcnt of Recommended Practice applicable to charilies PlEPdring theii- accouiits iii accoi-daiiLe with th¢ F inancial Reporting Standai-d applicable in the UK and Republic of Ii-eland (FRS 102) (effective l January 2019),, Fiiiancial Repoi1ing Standard 102 'The Financial Reporting Standard applicable in thc UK and Republic ol- Ireland, and the Cotllpiinies Act 2006. The financial statements have beeii pi'cpared undei- the historiLal cost coiiveiition. ncome All income is recognised in the Slatemcnt of Financial Activities once the charity has entillement to tlie tunds, it is probable that Ilie incomc will be received and the amounl can be measured reliably. Expenditure Liabililies are i-ecognised as expenditui-e as soon as there is a legal or constructive obligation conimilting the charity to tliat expenditure, it is probable that a transfer of econoniic benefits will be required in setllen)ent and the anioun( of the obligalion can be measured reliably. Expenditure is accounted foi- on an accruals basis and has been classified under lieading5 tliat aggregate all cost related to the category. Where costs caniiot be directly attributed to particular headings tliey liave been al located 10 activities on a basis consistent witli the use of resources. Tangible fixed assets Depi'ecialion is provided at the following aiinual rates in order to write off each a55et ovei. ils estimated useful life. Freehold pi-op¢rty Plaiit aiid machinery Fixtures. fittings aiid office equipment not provided 2 jO/o oli cost 33 % on cost and 95 /0 011 cost Motor vehicles ?5 % on cost The pi'operty is shown at tlie value when gifted and is not to be depreciaied as it lias no specific usefvl life. Its full value is shown within 'Tangible Fixed Assets, (note 9) and 'Conlingent liability, (note 12) and will remain there indefinitely. Corrcspondingly, the 'Contingent liability, (nole 12) will i-emain tliere indefinilely until VIC nu lonoer has use for the property and it Is giftcd back to the Haslingden Conimunity. Taxation The charity is exempt from corpoi'ation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance witli thc charitable objectives ai ihe discretion of the trustees. Re5ti'icted funds cali only be used for particulai- restricted purposes witliiii tlie obj¢¢ls of the charity. Rcs(I'ictions ai-ise when specitied by the donoi- or wheii fuiids are raised for particular resti'icted pui'poses. Further explanation ot" tlie nature and purpose of each fund is included in the notes to the financial statement5. Page 15 ontinued..
Veterans in Cotnniunities Notes to the Financial %I1L1Liiieiiis LOIIII IIULd for (he Yeai. Ended 31 Mai'cli 2025 ACTIVITIES FOR GENERATING FUNDS 31.3.25 31.3.24 Fundraising events Rental incomc (room hii-e) Art sal¢.5 Craft sales Other sales Clothing sales 6.879 495 47? 104 1.272 743 6.025 5.168 502 407 1.636 140 9,965 13,878 INVESTMENT INCOME 31.3.25 31.3.24 Bank interest 1,398 2.676 CHARITABLE ACTIVITIES COSTS Direct Costs Support costs Totals Charitable Activities 207,502 10.611 ?18,113 NET INCOMEI(EXPENDITURE) Net income/(¢Ypenditure) is staled after chargingl(crediting): 31.3.25 31.3.24 Accountancy fees Depreciation - owned assets 2,994 2.940 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, releratIOn or other benetits tor the year ended 31 March ?025 noi. tor the year ended 31 March ?024. Trustees, expenses There were no trustees, expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. Page 16 continued...
Veterdns in Comniunities Notes Lo the Financial Ststements- continued foi. the Year Ended 31 Marcli 2025 STAFF COSTS The average monthly nuniber of employees during the year was as follows.. 31.3.24 Siipport staff No employees received emoluments in excess 01 £60.000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unreslricted Restricted funds funds Total funds INCOME AIYD ENDOWMENTS FROM Voluntaiy income 149,526 149,526 Charitable activities Charitable Activities 240 9.902 10,142 Activities for g¢n¢rating funds Investment income 11.248 ?,676 2.630 13.878 ?.676 Total 163,690 176.?2? EXPENDITURE ON Raising funds 9,579 4,210 13,789 Charitable activities Charitable Activities 197,328 7,496 204.824 Total 206,907 11,706 218,613 NET INCOMEI(EXPENDITURE) (43.217) 826 (42,391) RECONCILIATION OF FUNDS Total fiiiids brought forward 179,084 17.012 196.096 TOTAL FUNDS CARRIED FORWARD 135.867 17,838 153,705 Page 17 continued...
Veterans in Comniunities Notes to the Financial Stat¢nienls - continued for the Year Ended 31 Mai'ch 2025 TANGIBLE FIXED ASSETS Fixtures, fittings and office cquipment Fi'eehold property Plant and machinery Motor vehicles Totals COST At l April 2024 Additions 270.000 14.632 29.920 23.334 39.76? 337,886 39.762 At 31 March ?025 270,000 14,632 29.920 63,1146 -177.648 DEPRECIATION At l Api-il 2024 Charge for year 14,632 29.920 17,994 7,617 62,546 At 31 March 2025 14,632 29.920 ?5,611 70,163 NET BO()K VALUE At 31 Mai'ch 2025 270,000 37.485 307 48) At 31 March ?0?4 ?70,000 5,340 ?75.340 Depreciation on tlie propeity is no longer required and has therefore been written back to its original gifted value on the basis that VIC will enjoy use dui'ing its lifelime and will not benefit from any appreciation in value after any transfer of ownership. 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Trade debtors Prepayments and accrued income 947 6,435 2,862 6,435 9,297 Page 18 continued...
Veterans in Comniunilies Notes to the Financial Stateiiients conlinued for tlie Yeai. Ended 31 Marcli 20?5 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Ti?de creditors Social s¢cui-ity and other taxes Accriials 2.654 3.6)2 4.408 2,560 6,971 10,714 1?,056 12. CREDITORS: AMOUNTS FALLING DUE AFTER MORF. THAN C)NE YEAR il.3.24 Contingent liabi lity in i-espect of Gifted Property 270.000 13. MOVEMENT IN FUNDS Net movement in fuiids Tran5fei"s betweeii funds At 31.3.25 At 1.4.24 Unrestricted funds Genei'al Fund Vehicle Replacenienl Fund Redundancy Continoency Fund vip The Cominunity Crealive Hub VIC Hyndburn Railway Club vppp Ongoing staff costs Gaifield Wesion 46.319 50.000 15,000 8.816 5.05) 249 428 1.889 (39,76?) ?38 (10,238) 48,446 15,000 8,213 1,643 {60i} (3,412) {249} (48) 1.224 ( i 0.000) 6.388 380 1,224 i 0,000 6.388 10,000 10.000 135.867 (44.573) Restricted funds DCEPT Hardship Fund Ariiied Forces Covenanl Trust Awards For All Battlefields Trip Sniall Grants 7.736 1.633 7,736 1.633 1.445 1,216 1,123 632 1.445 1.216 1,684 5,569 (561} (4,937) 17.838 4,Oi3) 13.785 TOTAL FUNDS 153.705 (48,626) 105.079 Page 19 continued...
Veterans in Comn)unities for (he Year Ended 31 Marcli 2025 13. MOVEMENT IN FUNDS- eontinued Net movement in funds. included in the above are as follows.. Incoming resources Reboui-ces expended Movement in funds Unrestricted fund5 General Fund Vehicle Replacement Fund vip The Commuiiity Creative Hub Income Genei'alion VIC Hyndbui'n Railway Club vppp OngJoing staff costs Integrdted Cal'e Board Gai'field Weston 27,625 (?5.736) 139,762) (753) (7,194) (3.478) (?49) (48) {12,563) (10,000) {88,000) 1,889 (39.762) (603) (3.412) lio 3,782 3.478 (249) {48) 1,224 (10.000) 13.787 88.000 6,500 6,388 143.322 (187.895) (44,573) Restricted fund5 Armed Foi'ces Coveiiaiit Trust Battlefields Ti'ip Small Grants 38,857 2.760 2.470 (37,412) (3,321) 7,407) (Scil I 14.1).3 71 44.1187 148.141)) TOTAL FUNDS I X7.4n() 48.()l()) Page 20 ontinued...
Veterans in Comniunities Notes to the Financial Stateiiients - continued for the Year Ended 31 Marcli 2025 13. MOVEMENT IN FUNDS- continued Comparatives for movement in funds Net movemeiit in funds At At 1.4.23 UnrestriLted funds General Fuiid Veliicle Replacement Fund Reduiidancy Contingency Fund vip The Community Creative Hub VIC Hyndburn VIC Heywood Sandbag Railway Club vppp Ongoing staff costs Integrated Care Board 67.978 50.000 15,000 9,5?? 4.496 409 501 267 10,911 20.000 (21.259) 46.719 50,000 15,000 8.816 5.055 ?49 (706) 559 (160) {501} 428 (10,911) ( i 0,000) (400) i 0.000 179,084 (43.217) 135.867 Restricted funds DCEPT Hai'dship Fund Arnied Foi'ces Covenant Trust Awards For All Arnied Foi'ces Covenant - VSNBF Prince of Wales Cliaritable Fund Developing Veterans Clitheroe Middleton Mess Tin Baltlefields Trip Small Grants 7.736 1.633 1,583 1,216 1.000 7,736 1.633 (1.583) 1,216 ( 1,000) (i) 515 1,002 (515) (1,002) 1,584 3,344 1.684 5.569 2,225 17,01? 8?6 17,838 TOTAL FUNDS 196.1196 153.705 Page21 ontinued...
Veterans in Comniunities Notes lo the Financial Stateiiients conlinued for the Year Ended 31 Marcli 2025 13. MOVEMENT IN FUNDS- continued Comparative nel niovement in funds, included in (he above are as follows: Incotn ing resources Resources expended Movement in funds Ullrestricted funds General fund Fundraising - Siiiging Fundraising-other HMR-fNT vip The Community Cirative Hub VIC Hyndburn VIC Heywood Sandbag Railway Club vppp Ongoing staff costs Integrated Care Board 36,2)4 (57,513) (144) (14) (15,929) (936) (? ??0) (160) (501) (79} (37,161) ( i 0,000) (82,250) (21.259) 14 15,9?9 230 ?.779 (706) 559 (160) (501) 240 26,250 (10.911) ( i 0,000) 163.690 (206.907) (43.217) Restricted funds Building Bertei- Oppoitunities Armed Forces Covenant Trust Arnied Forces Covenant - VSNBF Prince of Wales C17ai'itabl¢ Fund Developing Veterans Cl itheroe Middleton Mess Tin Battlefields Trip Small Grants 3,813 1.468 (3,813) (3.051) ( 1.000) (i) (i) (515) (1,002) (1,046) (1.583) ( 1.000) (515) (1.002) 1,584 3,344 2.630 4,621 11706) 826 TOTAL FUNDS 17(1.)?• Page 2? coiilinued...
Veterans in Comniunities Notes to the Financial Stateiii¢nts - continued for the Year Ended 31 Marcl) 2025 13. MOVEMENT IN FUNDS- continued A current yeai. 12 months and prior year l? months conibined position is as follows.. Net movement in funds Transfers between funds At 31.3.25 At 1.4.?3 Unrestrictcd funds General Fuiid Vehicle Replacement Fund Redundancy Contiiigency Fund VIP The Community Creative Hub VIC Hyndburn VIC Heywood Sandbag Railway Club vppp Ongoing staff costs Integi-ated Care Board Garfield Weston 67,978 50.000 15.000 9.52? 4.496 409 501 267 10.911 20,000 (19.370) (39.762) 238 (10.238) 48,846 15.000 8.?13 1.643 (1,309) (2.853) (409) (501) 113 (9.687) (20,000) {400) 6.388 380 1,224 i 0.000 {400) 10,000 179.084 (87.790) 91.294 Restricted funds DCEPT Hardship Fund Arined Forces Covenant Tnjst Awards For All Arined Forces Covenant- VSNBF Prince olWal¢s Charitable Fund Developing Vetera8 Clitheroe Middleton Mess Tin Battlefields Trip Small Grants 7,736 1.633 1,583 1,216 1,000 7.736 1,633 1,445 1,216 (138) ( 1,000) (i) 515 1,002 100 2.2?5 (515) (1.002) 1,023 ,593) 1,123 632 17,012 3,2?7) 13.785 TOTAL FUNDS 196096 91,017} 105,079 Page 23 continued...
Velerans in Comniuiiilies Noles to the Financial Stateiiients - continued t.or tlie Year Ended 31 Mai-cli 2025 13. MOVEMENT IN FUNDS- continued A current year 12 montlis and pi'ior year l ? nionths conibined net movement in funds. included in ihe above al'e as follows= Incoming I'esolirces Resources cxpendcd Movenient in funds Unrestricted funds General Fuiid Fuiidrai5in¥- Singing Fuiidraisiiig-other HMR-INT Vchicle Replacement Fund vip The Cominunity Creative Hub Incoiiie Generation VIC Hyndburn VIC H¢ywood Sandbag Railway Club vppp Ongoing staff costs Inlegi?ted Care Board Gai'fi¢ld Weston 63.879 144 14 15.9?9 (83.249) (144) (14) (15,9?9) (39,762) (1,689) (9.414) (3.478) (409) (501) (1?7) (49,7?4) (20.000) (170.250) (19.370) (39.76?) (1.309) (? 853) 380 6.561 3.478 (409) (501) 113 (9.687) (20.000) (400) 6,388 240 40.037 169.850 6.500 307.01 ? (394,802) (87.790) Restricted funds Buildi ng Better Opportunities Ai'iiied Foi'ces Covenant Trust Arnied Foi"ces Covenant- VSNBF Prince of Wales Cliaritable Fund Developing Veterans Cl itheroe Middleton Mess Tin Battlefields Ti'ip Small Grants 3,813 40,325 (3,813) (40,463) ( 1,000) (138) ( 1,000) (i) (i) (515) (1.002) 1.023 1.593) (i) (515) (1.002) (4.367) 8.684) 5.390 7.091 56.619 59.846) TOTAL FUNDS 363.631 Page 24 ontinued...
Velerans in Comniunities Noles to tlie Financial SlateiiiLIii.% - Loiilinued t.or the Yeai. Ended i l March ?0?5 14. RELATED PARTY DISCLOSURES Thei'e wei'e no relaied party Iraiisaciions foi- the yeai. ended i l Mai-cl) 20?5. Page ?5
Veterans in Comniunities Detailed Statement of Financial Activities for (he Year Ended 31 Marcli 2025 31.3.25 Total funds 31.3.24 Total funds Unrestricted funds Reslricted funds INCOME AND ENDOWMENTS Voluntary income Doiiations Fundraising-singing HMR-INT 16.485 2.689 16.485 2.689 20.066 2,012 15.929 Incorne Generation 2.983 13.787 88.000 150 3,000 1,125 2.983 13.787 88.000 150 3,000 1,1?5 vppp Inlegrated Cal'e Board VIP income Voluntary income - Genei?I Bob Ross fees 26.250 85.039 128.219 1?8.219 149.5?6 Activities for generating funds Fundraising events Reiital iiicome (room hire) Art sales Craft sales Other sales Clothing sales 4.119 495 472 104 2,760 6.879 495 47? 104 6,025 5,168 50? 407 ,636 140 743 743 7.205 2.760 9.965 13.878 Investment income Bank interest 1.398 1,398 2,676 Charitsble activities Railway club subs Grants 6,500 41,3?7 47,827 ().c}IiY 6,500 41,327 47,827 10,142 Total incoming re5uurce5 143.322 44,087 187,409 176,222 EXPENDITURE Other trading activities Projects costs 10,193 7,729 17,922 13,789 This page does not foiTh part of the statutory financial statements Page 26
Veterans in Comniunities Detailed Statement of Fi nancial Aclivilies foi. the Year Ended 31 Mai'cli 20?5 31.3.25 Total funds 31.3.24 Total funds Uni-estricted funds Restricted funds Other trading activities Charitable activities Wagye costs Gas. elecli-icity and water Telephone and computei- costs Post, 5tiltionery and advert5 Motor expenses Travel (ind refreshmeiitS Insuraiice Professional fee5 Repairs Cleaning and hygiene Siaff irainiiio Bank charges Sub5cfipiions Sundi-ies 135.719 8.836 4,685 6,150 30,095 3,040 659 1,066 1.107 1.934 547 703 165.814 11.876 5.344 7.216 1.217 3.99) 4.376 4.693 158.487 2.794 6.089 2.07) 5.237 3,47? 6.?30 3,087 1.740 2.061 3,8?9 3.990 546 335 96 179 1?7 673 335 19 26 353 205 1,64i ?14 1,713 167,826 39.676 207.502 201.884 Support costs Finance Motor vehicles 7,617 7.617 Governance costs Auditois, reniunei'ation 735 Total resources expended 187,895 236 035 218613 Net expenditure 42,391) This page does not form part of the statutory financial 5tatenients Page 27
(n LU (n Sl•
O CL (V 111 £1 a) N (n w < v) LU (n £L
(D C CO u o LU (/) £L
(/) < LLI (/)
all
a) u (N ,al•l
I
881 h z UO:
T5 0 i/) LU O
T> TJ Zl > fu tx < (n r