VELMORE CHURCH
Working with people of all ages explaining the Christian message.
Objects
TO HOLD THE PROPERTY KNOWN AS VELMORE CHAPEL AND ANY OTHER PROPERTY ACQUIRED UPON TRUST TO MAINTAIN AND KEEP THE SAME FOR THE USE OF BELIEVERS PROFESSEDLY HOLDING THE DOCTRINES APPROVED BY THE TRUSTEES AS SET FORTH IN THE FIRST SCHEDULE AND OBSERVING THE PRACTICES SET FORTH IN THE SECOND SCHEDULE OF THE TRUST DEED DATED 10 DECEMBER 1966.
Financial health, per its FY2025 accounts
The accounts state that unrestricted cash reserves stood at £90,182 at year-end, which the trustees confirm complies with their policy to hold sufficient funds to meet financial obligations, including a future pastor's salary. The charity reported an increase in unrestricted cash of £25,741 during the year, resulting in a net surplus.
What the accounts disclose
“The trustees have determined that the charity should aim to hold sufficient unrestricted cash to ensure that all financial obligations (and specifically the cost of employing a full-time Pastor for a minimum term of three years) can be met as they fall due.” — page 4
“No payments were made to trustees or persons related to them, except for reimbursement of expenses paid out on behalf of the charity.” — page 8
Policies the charity declares
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Trustee expenses policy and procedures
Trustees
- ANDREW JOHN WATT
- JONATHAN MICHAEL COX
- RICHARD WILLIAM STANNARD
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £38k | £13k |
| 31/03/2024 | £35k | £10k |
| 31/03/2023 | £26k | £13k |
| 31/03/2022 | £22k | £29k |
| 31/03/2021 | £27k | £50k |
Common questions
Is VELMORE CHURCH financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted cash reserves stood at £90,182 at year-end, which the trustees confirm complies with their policy to hold sufficient funds to meet financial obligations, including a future pastor's salary. The charity reported an increase in unrestricted cash of £25,741 during the year, resulting in a net surplus. Its FY2025 accounts were independently examined.