REGISTERED COMPANY NUMBER.. CE03689J (Englanij and Wales) REGI%TERED CHARITY NUMBER.. 1209204 Re ort of the Trustees and Unaudited Financial Statements for the Period 19 Jul 2024 to 31 March 2025 for Veritas Church Daniel Sam Limited Chartered Accountants 61 Plodder Lane Farnworth Bolton BL4 OBX
Veritas Church Conteiits of the Finaiicial Statements for the Period 19 Jul 2024 to 31 March 2025 Page Report of the Trustees Independeiit Examiner'5 Report stament of Financial Aciivities Balance Sheet Notes to the Financial Siatements 7 to 9 Detailed Statemenr of Financial Aciivities 10
Veritas Church Re ort of the Trustees for the Period 19 Jul 2024 to 3 1 March 2025 The trustees present their report with the financial statements of the ¢harity for the period 19 July 2024 to 31 March 2025. Tl)e trustees liave adopted the provisions of Accouiiting and Reporting by ChaTities.' Statenient of Recomniended Practice applicable to charities preparit]g their accounts in accordance H'ith the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l Jaiiuary 2019). INCORPORATION The charity wa5 registered on 19 July 2024 as a Charitable IncoTporated Organisatitsn {ClO). OBJECTIVES AND ACTIVITIES Objecti>e5 and aims The objects of the charity are for the benefit of tl)e public and are.. the advancement of the Christian faith in Preston and surrounding areas. in particular but noi exclusivel5' by.. the provision of public worship services. religious cerenionies, rituals and celebrations and the preaching and a¢hIng of the holy scriptures of the Old and New Tesiaments.. the intellectual, spiritual, and moral education of children,. the encouragement and support of pastoral work for the.. congregation in a wa}, thai considers Iheir physical. men(al, and spiritual wellbeing,. and wider community as a practical expression of the Christian faith. Public benefit The trustses are satisfied '1th the performance of the charity, during the year and in planning the activities ihe trustees have had regard to the Charity Commission's guidance on public benefit. ACHIEVEMENT AND PERFORMANCE Charitable activitie In our first year of operating, we are plea%ed to have successfully established the following activities, all of which are open to the public aiid all of 'hIch are free of charge.. l) A weekly worship service that serves people in the local COTnmunity and beyond. We begat] with an average of 19 people in June 2024, and as of March 2025 we aveTaged 28 people in attendance. 2) Monthly Bible studie5 and prayer meetings, where anyone can come to lealli about the Bible and to pray together with other believers. 3) Regular fellowship lunches to help cultivate community aiid friendships. 4) Discipleship breakfast5 5) Psalm-singin¥ events wl)ere people can come and leam to sing in four parts, meeting others whilst worshipping together. 6) Educatitsn seminar in January 2025, where a former Oxford Professor spoke. More than 60 petsple attended. 7) We have givtTi soine oloui income away tts help causes related to ours. 8) We contii)ue to save up to 15Q/o of our income to give away to futuie needs as they present themselves. We have consistently been meeting in t.0 venues in Grimsargh.. the Grimsargh Club and Grimsargh Village Hall, with whom we share excellent relationships. We financially cOntribud to Ihe renovation fund of the Grimsargh Club to help coniribuie to the local community of which we are a part. We also p0Sd free magazines through many doors in Grimsargh which we hope were an encouragement to our neighbours. FINANCIAL REVIEW Financial position The church's activities during the year were funded bv the generous giving of its congregation. The church is in ils early stages and therefore has relatively low fixed costs. It is therefore in a g(K)d position as it plans for future activities. The incL)me flir the year was £34.999 and expenditure was £20.898. Reserl'es policv The charity ainis to maintain reserves equivaleni to at least three months of ongoing expendithre. At th¢ end of this financial }'ear that equgtes to £5:224. The charity held £14,10 l of unrestricted funds aiid therefore the reserve threshold is close to being met. As of the time of writiiig this report, the threshold is beiiig comfortably met. Page I
Veritas Church Re ort of the Trustees for the Period 19 Jul 2024 to 3 1 March 2025 FUTURE PLANS We are aiming to pursue the following in temis of fure plans.. Launch a course called 'Hope Explored, which is for anyone M'ho wants to get together to explore and talk about the Christian faith. Lauiich adults and children5' Suiiday School. This would likely be held before the Sunday worship service, the ai of whiLlI M'ould be to help people learn Tnore about Christliinity and how we cali live a5 people whts love God and nei¥hbour in all of life. Establi5hin¥ a 5troiiger presence iii the community order to be able to support aiid help Others. We will do this by having a pre5eiice at the Lon¥rid¥e Sliow and possible other eveiits. Hts5tiii¥ a fainily event called 'Lego Builders,, a free to attend Lego-building event for the cominunity in which the Cliiistian nit5Sii¥e will be 5hdred. Hosiing a carol-singing night lor the community w attend. Possibly. finai)ce-allowing, hiring an Assisiant Mii)ister to help with the growing needs of the church. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing doeument The charity is controlled by its governing document. a constiiurion registered on 19th July 2024, and constitutes a Charitable Incorporatsd Organisation (CIO) as defined by the Charities Act 2011. Recruitment and appointment of new trustees New trustees are appointed by a resolution passed at a properlp convened meeting of charity trustees. In selecting new Irusiees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the chariry. The ¢hur¢h minister is automatically appointed as a trustee for as long as h¢ holds that office. All new trustees are provided with a copy of the ¢onstitution, latest trnst¢es' report and accounts and the Charity Commission guidance for trustees that explains the role of a trnstee and what is expected of them. Page 2
Veritas Church Re ort of the Trustees for the Period 19 Jul 2024 to 3 1 March 2025 REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number CE036893 (England and Wales) Registered Charity number 1209204 Principal address 7 Brookwood Way Buckshaw Village Chorle}' PR7 7GW Trustees D A Scholes (appointed 19.7.24) A G Carter {appointed 19.7.24) G J Burrows (appointed 19.7.24) Independent Examiner Daniel Sam Limited Chartered Accountants 61 Plodder Lane Farnwonh Bolton BL4 OBX Approved by order of the board of trnst¢es on 17 July 2025 and signed on its behalf by- Andreiv Geor£e Carter (Jul 26 2025 07'.58.'55 GMT411 A G Carter- Trustee Page 3
Inde endent Examinels Re Veritas Church ort to the Trustees of Ind¢p¢nd¢nt ¢aler.$ report to the trustees of Veritas Church {'the CIO,) I repon to the charity Irustees on my examination of the a¢¢ounis of the CIO for the period 19 Jiily 2024 to 31 Mgrch 2025. Responsibilities and basis of r¢port As the charity's trnstees of the CIO you are responsible for the preparation of the accounts in accordance with the Tequirements of the Charitie5 Act 2011 ('the Act,). I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Act. In caTrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the Act. Independent exumiNer's statetNent I have completed niv exainindtioii. l Loiifirin that no matters have come to niy attention in Coiinection with the examination giving me cause to believe.. accounting records were not kept in respect of the CIO as required b), Section 130 of the Act- or the accoun do i)01 accord wilh ihose records: or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accouniing and reporting by charities (applicable to charities preparing their accoun(s in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021). I have no concems and have come across no oiher matters in connection with the examination to which aitention should be drawn in this report in order to enable a proper understanding of the accounts tl) be reached. ty- ¥- (_P- Gracian Daniel-sam ACA Daniel Sani Limited Chartered Accountants 61 Plodder Lat]e FarnH'orth Boltoi) BL4 OBX Date.. 281071.2025 Page 4
Veritas Church Stsiement of Financial Activities for the Period 19 Jul 2024 to 3 1 March 2025 Unrestricted fund Restricted fund Toial funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 34,976 34,976 Investment income 23 23 Total 34,999 34.999 EXPF.NDITURF. ON Charitable activities Ministry Mission Administration 17,606 1.710 1.582 17.606 1,710 1,58? Total 20,898 20.898 NET INCOME 14.101 TOTAL FUNDS CARRIED FORWARD The notes form part of these finan¢ial statements Page 5
Veritas Church Balance Sheet 31 March 2025 Unrestricted fund Restricted fund Toial funds Notes CURRENT ASSETS Prepayinent5 and accrued income Cash at bank 388 14,239 388 14,239 14,627 14,627 CREDITORS Aniounts falling due within one year (526) (i26) NET CURRENT ASSETS 14,101 TOTAL ASSETS LESS CURRENT LIABILITIES 14,101 14.101 NET ASSETS 14.101 14,101 FUNDS Unrestricted funds 14,101 TOTAL FUNDS The financial statements were approved by the Board of Trustees and auihorised for issue on 17 July 2025 and were signed on its behalf by.. jln.Qrt!v fj<9.rA¢.C.8n.tr l J.y! ?.E, 292J 07.'58'.55 GMT+II A G Carter- Trnste¢ The notes form part of these finan¢ial statements Page 6
Veritas Church Notes to the Financial Statements for the Period 19 Jul 2024 to 3 1 March 2025 ACCOUNTING POLICIES Basis of preparing the finaneial statements The fiiiancial statements of the CIO. which is a public benefit entity ut]der FRS 102, have been prepared in accordance M'idi the Charities SORP (FRS 102) 'Accouiiting and Reportintw by Charities.. Statenient of Recommeiided Practice applicable to charities preparin£ tlieir accounts in accordance M'itii the Pinancial Reporting Standard applicable in the UK aiid Republic of ITeland {fRS 102) {effective l Jaiiuary 20191,, Finaiicial Reporting Standard 102 'The Financial Reportin¥ Standdrd appliLable in the UK aiid Republic of Ireland.. The finaiicial stateinents have been prepared uiider tlie historical Cost convention. Ineorne All incoine 15 recounised in the Stiltenitnt of Financial Activitle5 OTiLe the Lliarity lia5 entitlement to the funds, it is probdble that the inLonie will be received and the atnount Liin be mei15ured reliably. Expenditure Liabiliiies are recogi)ised as expenditure as soon as there is a legal or constructive obligation commitiing the charity to that expendiiure, it is probable that a transfer of economic benefits will be required in seitlen)eni and Ihe amouni of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cosi relaied 10 Ihe category. Where costs cannoi be direcily attributed to particular headings they have been allocated to activities on a basis consistent wilh Ihe use of resources. Taxation The charity is exempt from corporation tax on ils charitable aciivities. Fund 8ccounting Unrestricted ndS ¢an be used in a¢cordan¢e with the charitable obje¢tives at Ihe discretion of the trustees. Restri¢ied funds can only be used for particular restri¢ied purposes within the obje¢ts of the charity. R¢strirtions arise when spe¢ified by the donor or when funds are raised for particular restri¢ted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Pension costs and other post-retirernent benefLt5 The CIO operates a defined contribution pension scheine. Contribiitions payable to the CIO'S pension scheme are charged to the Statement of Financial Activities in the period to which they relate. INVESTMENT INCOME Deposit account interest 23 NET INCOME/(EXPENDITURE) Net incomel{expenditure) is stated after chargingl(crediting)'. Independent examiner's remuneration 360 Page 7 continued...
Veritas Church Notes to the Financial Statements - continued for the Period 19 Jul 2024 to 3 1 March 2025 TRUSTEES, REMUNERATION AND BENEFITS Triistee5' salaries Trustee5' pension contributions to tnoney purchase schemes 9,583 288 9,871 The above remut]eration is ill Tespect of D A Scholes in his role as minister of the church and not in his role as a trustee. Trustees, expense5 There were no trustees, expenses paid for the period ended 31 March 2025. ST AFF COSTS The average monthly nUber olemployees duriiig the period was as follows.. Ministry No employees received emoluments in excess of £60,000. INDEPENDEIYT EXAMINER'S REMUNERATIOIY The amount payable to the Independent Examiner for carrying out the final preparaiiL)n and independent examination of these accounts is £360. During the year, Ih¢ following amounts were also payable to the Indep¢nd¢nt Examiner.. Outsourced pgyroll service.. £42 Ad hoc advice and system training.. £333 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors Accrua15 and deferred inconie 166 360 526 MOVEMENT IN FUNDS Net nioveinent in fund5 At 31.3.25 Unrestricted funds General fund TOTAL FUNDS Page 8 continued...
Veritas Church Notes to the Financial Statements - continued for the Period 19 Jul 2024 to 3 1 March 2025 MOVEMENT IN FUNDS- continued Net movement in funds, included in the above are as follows.. Incoining resources Resources expeiided Movement in funds Unrestricted funds General fund i4,999 (20,898) 14,101 TOTAL FUNDS 34,999 20,898) 14,101 RELATED PARTY DISCLOSURES D A Sclioles la trustee of the Lharity) received a part time Salary and pe115ioiI coiitributlOn5 totallin¥ £9,871 for his eniploymeiit as minister of tlie church and not in his role as a trnstee. lil addition, the charity paid £1,248 toward5 his einployment related theological study costs. Page 9
Veritas Church Detailed Ststement of Financial Activities for the Period 19 Jul 2024 to 3 1 March 2025 INCOME AND ENDOWMENTS Donatiot15 and legacies Tithes and offerings 34,976 ItLve5tmeNt ineome Deposit acLOUTit interest 23 Total incon]ing re50urce5 34,999 EXPENDITURE Charitable activitie5 Tru5tee5' salaries Tru5tee5' pension contributions P05ta¥e and stationery Advert15inu IT aiid audio Tnainteiiance Gilts io extenial organisations Gilts io guest speakers Subscriptions and fees Refreshn)enis ai)d catering Trainii)g Pastoral expenses Travel Venue hire Worship expenses 9,583 288 590 50 459 1,710 700 537 620 1,248 431 769 1,686 1,235 19,906 Support eosts Governance eosts Independent examiner's remuneration Accountancy and legal fees 360 632 992 Totsl resources expended Net income 14,101 This page does Tlot forni part of the statutory financial ststem¢nts Page 10