Charity registration number 1037942 (England and Wales)
THE FALKLAND ISLANDS MEMORIAL CHAPEL TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

e
THE FALKLAND ISLANDS MEMORIAL CHAPEL TRUST
CONTENTS
Trustees' report
Page
1 - 7
Independent examiner's report
8
Statement of financial activities
Balance sheet
10
Notes to the financial statements
11 - 18

THE FALKLAND ISLANDS MEMORIAL CHAPEL TRUST
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees present their annual report and financial statements for the year ended 31 March 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial
statements and comply with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by
Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).
Objectives and Activities
The Trustees hold the capital and income of the Trust Fund upon trust to apply the income and all or such parts of the
capital for or towards the erection, preservation, protection, improvements, maintenance and running for the public benefit
of a chapel as a memorial chapel. The Chapel was originally to be dedicated to the memory of those members of the
Royal Navy and Merchant Navy who died or otherwise took part in the Falklands War of 1982 and would be situated, if
possible, at Pangbourne College, Pangbourne, Berkshire. It was to be used for services in accordance with the rites of
the Established Church, provided that not less than once a year there shall be held a non-denominational memorial
service. The Trustees may also, if funds so permit, provide and maintain for the public benefit an exhibition of records,
photographs and objects relevant to the Falklands War, with particular reference to the Royal Navy and Merchant Navy, at
Pangbourne College or elsewhere. The Trustees may permit the memorial chapel to be used by Pangbourne College.
At a meeting of the Trustees held on 27 March 1995, it was agreed that the objects of the Trust should be amended so
that the memorial chapel will be dedicated to the memory of all Servicemen, men of the Merchant Navy, co-opted civilians
and men of the Royal Fleet Auxiliary who died or otherwise took part in the Falklands War of 1982.
In accordance with the objects of the Trust, the building was erected during 1998/99 and officially opened by Queen
Elizabeth in March 2000, following its Dedication by the Bishop of Reading the previous November. At the AGM in 2000,
Admiral Sir John Woodward GBE KCB retired as Chairman of the Trustees and, recognizing his significant contribution,
was subsequently elected as the Trust's first President. Following Admiral Woodward's death in 2013, Admiral the Right
Honourable Baron West of Spithead GCB DSC PC became the Trust's second President.
Achievements, Performance, Events and Public Benefit
The Annual Service was held on Sunday 16th June, a beautiful and sunny day, which followed a long period of endless,
depressingly dull and rain filled days. After months of planning as always, it was deemed 'one of the best', and Trustees
welcomed another 'full house' of 600 family members and veterans of 1982. Unprecedented was the attendance of two
new reunion groups from the SAS and the 1st Battalion Welsh Guards. A proportion of the latter came from Wales and
were helped with travel expenses from the Trustees' Welfare Fund.
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THE FALKLAND ISLANDS MEMORIAL CHAPEL TRUST
TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Notable guests included FIMCT President, Admiral Lord West GCB DSC PC, Chapel Chairman Major General Jeff Mason
MBE hosting the newly appointed Lord Lieutenant of Berkshire, Mr Andrew Try, accompanied by his partner, Ms Vicky
Pearce. The British Army and Chief of the General Staff (CGS) was represented by Major General Christopher Barry
CBE, and The Chief of the Air Staff (CAS) by Air Commodore Mark Phelps OBE; the Merchant Navy was represented by
Captain Christopher Clarke OBE. The Preacher, representing the Chaplain of the Fleet taken ill at the last minute, was
Reverend James Francis Royal Navy, a most inspiring speaker.
Chapel Trustees are grateful to the UK Falkland Islands Government (FIG) whose Representative Richard Hyslop,
attended with his wife Venetia;
together with the Greenwich Hospital Trust/Royal Navy & Royal Marines Charity, the FIG
had provided funding for the 2024 event.
The Service began, as customary, with "Eight Bells" on the Sir Galahad Bell rung by Captain Philip Roberts DSO RFA,
CO RA Sir Galahad 1982. The first Lesson was read by David Elley, Son of Sergeant Clifford Elley, 1st Battalion Welsh
Guards 1982, attending with his wife Dawn and children Josh and Morgan.
The second Lesson was delivered by
Commander Michael Norman OBE AFC Royal Navy First Lieutenant HMS Sheffield 1982.
After the Act or Remembrance, performed by Major John Phillips DSC, Bomb Disposal Officer Royal Engineers 1982,
Bugler Lance Corporal. Terry Hissey, 7 Rifles sounded a poignant Last Post, before JJ Ferry delivered a haunting Lament
on his bagpipes. The silence was palpable, as 600 people stood together in peace and unity to remember their loved
ones, comrades and friends. It was a day that will be etched in the collective memory.
After the Service, congregants were able to try out and enjoy the new touch-screen addition in the Memorial Room
featuring the interactive SAMA Garden of Remembrance software linked now to the Memorial Map launched a year ago.
This was kindly installed for the Trustees by Alan, the brother of Pte Mark Steven Dodsworth, 3 Para, and KIA in 1982.
Outside, there are further enhancements to the circular Memorial Garden which now features thirty 'in Memoriam' plaques
sponsored by military organisations involved in 1982.
The Chapel website strives to keep supporters up to date with Chapel news and events and provides a 'donate button' to
enable 'on the spur of the moment' donations. A new section of 'Book Reviews' has been added by popular demand, and
in response to the continued flow of newly published Falklands related publications. The installation of a permanent
camera facility in the Chapel, to enable the live streaming of Chapel events for the benefit of its congregations and the
wider public, remains popular and well-utilised. The same applies to the ever-growing Chapel Library. Housed in the side
chapel and managed by loyal volunteers Penny & Stephen Billyeald (Friends of the Chapel) the Library includes the entire
Ministry of Defence press archive from 1982 and is now one of the most complete records of the Falklands War.
The Trustees are pleased to report that support for, and interest in, the Chapel and what it stands for, has not diminished,
even 43 years after the cessation of hostilities. There remains a steadfast trend amongst its core congregation of 1982
veterans and bereaved families to promulgate the importance of remembrance, and the Chapel's mission to do so, to
younger generations. The Chapel is publicised through its annual newsletter, through its website (which is linked to
veteran and family specific associations' websites) and by word of mouth. Set up originally by popular demand from
veterans of the Falklands War, the Trustees continue to allow a Falklands Chapel Supporters (closed) Group page on
Facebook which is both popular and active and now has 794 members. As a result, requests from interested parties to be
added to the substantial mailing list are received on a regular basis via both Facebook and the Chapel website
(www.falklands-chapel.org.uk), and increasing numbers of veteran reunion groups attend both the June Annual Service of
Remembrance and Thanksgiving and their own 'tailor-made' services and events.
- 2 -

THE FALKLAND ISLANDS MEMORIAL CHAPEL TRUST
TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
The Chapel Trust has two restricted Welfare Funds which are available to assist families and veterans with travel or
accommodation when visiting the Chapel and to help cover expenditure associated with the outreach work of the charity:
The FIMCT Falkland Families Welfare Fund. This fund was started with a gift of £24,380 from members of
the Falkland Families Association (FFA) on its closure in 2015. Subsequently, former members of the FFA voted to
allow the Trustees to distribute funds to all families bereaved in 1982, irrespective of whether they had been members
of the FFA. Since grant requests tend to be annual, Trustees agreed to move £20,000 into a high interest earning
account during the year. After grants awarded £272.04 remains in the bank account at the year end
The FIMCT Welfare Fund.
In 2024/2025, this fund received grants of £5,000 from the Falkland Islands
Government and £5,195 from the Greenwich Hospital/RNRM Charity towards the costs of the annual June Service
2024). In March 2025, a grant of 8,500 for the June 2025 event was gratefully received from the ABF (Army
Benevolent Fund). At year-end, 31 March 2025, the Welfare Fund held a credit of £15,079. Over the years, several
organisations have helpfully contributed to this fund, and as and when it becomes depleted, efforts are made to find
The Trustees continue to promote their Welfare Information leaflet, which refers to both welfare funds, and includes
separate application forms for families and veterans. The leaflet, which was originally funded by ABF the soldiers Charity,
is each year included in the Annual newsletter pack sent to everyone on the mailing list in January. It can also be
downloaded from the Chapel website and is available in the Chapel foyer for visiting veterans and families.
Pastoral Care and Public Benefit
The Trustees confirm that they have referred to the Charity Commission's general guidance on public benefit when
reviewing the Trust's aims and objectives and in planning future activities.
The Trustees continue to consider how they can best extend the pastoral care aspects of the Chapel beyond the
newsletter (which is mailed annually to 2,000 families, veterans and interested parties) and the Annual Service
particular, visits to the Chapel by veteran groups continue to be encouraged, and regular liaison has been maintained
between the Trustees and the bereaved families and veterans. It is interesting to note that the need for individual visits,
particularly of veterans and sometimes in a family group, have increased; there have been recent cases where veterans
have only now begun to come to terms with their experiences 43 years ago, and they have chosen the Chapel as the
place to start to allay their fears. This has also applied to the annual service, where several people have revealed that it
took them time to have been able to 'face' coming along. The Chaplain and administrator work hard to identify and
accommodate all these cases, and the former has an innate ability to create a sympathetic and understanding
environment tailored to individual circumstances for every visit. In addition, through the Welfare and the Falkland
Families restricted funds, they can provide a measure of (financial) assistance to those who are unable to access the
Chapel easily due to hardship or inability to travel. As previously stated, the addition of the permanent camera for the
recording of live streaming' in the Chapel has proved helpful for those elderly or disabled members of the Chapel
community who are no longer able to attend Chapel Services.
They are reminded of this facility through the annual
newsletter, the website, Facebook and personal emails to those identified from booking forms.
The Trustees and their Administrator have also worked closely with veterans' organisations such as the South Atlantic
Medal Association (SAMA82), the Falklands Veterans Foundation and occasionally other related organisations. The
Trustees continue to see this area as one of growth in the future and, ever mindful of the increasing need, continue to
seek and to attract funding for the charity's Welfare Fund.
The Chapel-specific Safeguarding Policy, adopted by the Trustees in 2019, is displayed on the Trust's website to ensure
that all volunteers, donors and beneficiaries have access to it and are alert to the issues of safeguarding and people
The Trustees are mindful to keep this policy under review on a regular basis. The website also now includes
advice for visitors to the Chapel who need to 'check in' at a barrier on arrival.
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THE FALKLAND ISLANDS MEMORIAL CHAPEL TRUST
TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Financial Review and Reserves Policy
dividend income from the investment portfolio. On special occasions (i.e. Anniversaries) when extra funds are required, a
sub-committee is set up to formulate a strategy to raise the funds. Furthermore, special appeals are tried and tested and
have been successful for specific items, such as hymn books, windows, benches and bollards.
However, Trustees are increasingly aware that, as time goes on, raising general funds for the day to day running of the
Chapel will become more difficult. They therefore rely heavily on the regular income derived from their well-established
Friends Scheme for veterans, families and supporters who like to be involved with the Chapel at a purely altruistic level.
Friends contributing on a regular basis are largely responsible for covering the cost of annual repairs and refurbishment in
the Chapel, and Trustees value their contributions very highly. There are options to give annually, quarterly or monthly
and to give more than the minimum £50 (which many donors do). 'Friends of the Chapel' have this year produced an
income of E13,394 - an increase of £2,000 on last year. Each year, the Trustees aim to increase the number of 'regular
donors' and promote the scheme to attract new donors through the newsletter and web site.
In addition to the measures previously described, the ongoing commemorative project of the installation of plaques in the
circular Memorial Garden to mark the 40th Anniversary has prospered since its launch in 2021.
Having been
enthusiastically received by associations and reunion groups of those who had gone down to the South Atlantic in 1982,
the display now comprises 30 plaques.
An ongoing scheme to sponsor a seat in the Chapel has proved highly successful since it was introduced after the
Millennium. Of the potential 600 Seats, well over three quarters of that number have been sponsored at £1,000 a seat or
at £800 + Gift Aid for individuals). The scheme remains open but now attracts only the occasional sponsor.
The Chapel administration claims yearly Gift Aid from HMRC, and this year benefitted by £4,570 from this income stream.
Other ancillary activities, such as Chapel hire, service collections and sales of cards and books, provide further income.
The Charity's assets are a 75-year lease (signed 18 November 1996) for the Chapel building and adjoining land, of which
46 years remain unexpired, together with the contents of the Chapel and an investment portfolio which is managed by
professional investors under the direction of the Trustees. During the year, the professional investors: Investec Wealth
Management, merged with Rathbones. The Trustees were made aware that the overall name of the firm would change to
Rathbones.
The performance of investments is regularly reviewed by the Trustees, and the re-appointment of the
investment advisers is considered annually.
Whilst there is currently a significant reserve fund (2025: £1,220,160), the Trustees are aware of the uncertainty that each
coming year will bring, due to an unsettled world and consequent volatile stock markets.
The Trustees will therefore
continue to augment the reserve fund and set up fundraising projects as necessary, always seeking to ensure that this will
be sufficient to meet the repairing obligation under the Lease.
They have, however, satisfied themselves that the Trust's
reserves are currently sufficient to fund the Trust's anticipated annual expenditure.
At their February 2025 meeting, Trustees agreed to instruct Investec/Rathbones to increase the bi-monthly payment from
the dividend income of the FIMCT investment portfolio to their current account.
This was increased from £2,500 to £3,000
to ensure that sufficient funds were readily available to meet expected expenses.
- 4-

THE FALKLAND ISLANDS MEMORIAL CHAPEL TRUST
TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Structure, Governance and Management
The Trust was established by Trust Deed dated 5 May 1994. The Trust was registered as a Charity on 24 May 1994, its
registration number being 1037942.
New Trustees are proposed for election by existing Trustees, checked in accordance with Charity Commission guidelines,
and appointed by Deed. Traditionally they have been representative of each branch of the Services and veterans of the
Falklands War, in addition to others who can bring necessary skills such as legal, financial and, architectural to the
As time passes and Falklands veterans and bereaved family members become older, Trustees are
actively looking at sons, daughters and grand-children as potential future Trustees. It has become notable in recent years
that younger attendees are interested in accompanying their elders and might be prepared to become involved in the
When new Trustees are appointed, they are introduced to the work of the Trust and provided with the information they
need to fulfil their roles; this includes information about the role of the Trustees and their responsibilities under the
Charities Acts.
Day-to-day administration of the Trust is delegated to an administrator under the supervision of the Trustees. Decision-
making powers are retained by the Trustees and exercised at regular Trustees' meetings. These meetings are usually
held in London and Pangbourne.
The Trustees have identified the major risks which may affect the Charity and have
taken reasonable steps to mitigate those risks.
Future Plans
The Trustees plan to continue commemoration of the anniversary of the conflict by staging a live or virtual annual Service
of Remembrance and Thanksgiving at the Chapel and to maintain sufficient funds for the maintenance of the building
both now and into the future. It is anticipated that the work with veterans and families of the conflict will continue to grow,
and separate funds will be kept and augmented for the purpose of aiding those who would like to attend the annual
service but who do not have the means to do so. To achieve these outcomes, it is recognised that it will be necessary to
continue to seek to raise funds. The Trustees will soon begin the planning process for the 45th Anniversary of the
Falklands war in 2027, when targeted fundraising projects and budgeting will be needed.
- 5 -

THE FALKLAND ISLANDS MEMORIAL CHAPEL TRUST
TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Reference and Administrative Details
President
Trustees
Administrator
Charity number
Principal Address
Bankers
Solicitors
Investment advisors
Admiral The Right Honourable Baron West of Spithead GCB DSC PC
Major General Jeff Mason MBE Royal Marines (Chairman)
Commander Andrew Gordon-Lennox Royal Navy (Vice Chairman)
Mr David Albert
Sukey Cameron OBE
Reverend David Cooper
Captain Mark Hamilton Royal Navy
Mrs Sara Jones CBE DL
Mr Robert Mason
Rear Admiral Richard Melly
Brigadier Charles Page MBE
Air Chief Marshal Sir Andrew Pulford GCB CBE
Captain Martin Reed RD*
Mr Ron Sidell RIBA Dip. Arch
Mrs Angela Perry MBE
1037942
Pangbourne College
Pangbourne
Berkshire
RG8 8LA
National Westminster Bank Plc
Reading Market Place Branch
13 Market Place
Reading
Berkshire
RG1 2EG
Ashurst LLP
London Fruit and Wool Exchange
1 Duval Square
London
E1 6PW
Rathbones Group PLC
30 Gresham Street
London
EC2V 7QN
- 6-

THE FALKLAND ISLANDS MEMORIAL CHAPEL TRUST
TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Independent examiner
Charlotte Toemaes Bsc FCA
Ellacotts LLP
Countrywide House
23 West Bar
Oxfordshire
0X16 9SA
The Trustees' report was approved by the Board of Trustees
Major General Jeff Mason MBE Royal Marines (Chairman)
Dated: | 7 Sep 25
- 7-

THE FALKLAND ISLANDS MEMORIAL CHAPEL TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE FALKLAND ISLANDS MEMORIAL CHAPEL TRUST
I report to the charity on my examination of the financial statements of The Falkland Islands Memorial Chapel Trust
(the charity) for the year ended 31 March 2025 which are set out on pages 9 to 17
Responsibilities and basis of report
As Trustees of the charity you are responsible for the preparation of the financial statements in accordance with the
requirements of the Charities Act 2011 ('the Act").
I report in respect of my examination of the charity's financial statements carried out under section 145 of the Act
and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission
under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my
examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect:
1
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
2
the financial statements do not accord with those records; or
3
the financial statements do not comply with the applicable requirements concerning the form and content of
financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any
requirement that the accounts give a true and fair view which is not a matter considered as part of an
independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention
should be drawn in this report in order to enable a proper understanding of the financial statements to be reached
Charlotte Tacuaes
Charlotte Toemaes BSc FCA
Ellacotts LLP
Countrywide House
23 West Bar
Banbury
Oxfordshire
OX 6 95A 6/10/25
Date:.....
- 8 -

THE FALKLAND ISLANDS MEMORIAL CHAPEL TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Notes
Unrestricted Restricted
funds
funds
2025
2025
€
€
Income from:
Donations and legacies 3
Charitable activities
Investments
4
28,648
34,693
63,341
Total income
Expenditure on:
Raising funds
Charitable activities
Other expenditure
Total expenditure
5
6
10
11,659
51,022
257
62,938
Net gains/(losses) on
investments
11
(6,822)
Net income/(expenditure) and
movement in funds
Reconciliation of funds:
Fund balances at 1 April 2024
Fund balances at 31 March
2025
(6,419)
Total Unrestricted Restricted
funds
funds
2025
€
2024
2024
19,415
1,265
48,063
1,265
34,693
20,680
84,021
15,217
11,659
66,239
257
15,217
78,155
-
(6,822)
5,463
(956)
44,285
150
33,944
78,379
10,864
148,074
158,938
63,501
(17,058)
5,000
:
5,000
8,336
8,336
(3,336)
Total
2024
€
49,285
150
33,944
83,379
10,864
156,410
167,274
63,501
(20,394)
1,220,160
51,904
1,272,064
1,237,218
55,240
1,292,458
1,213,741
57,367
1,271,108
1,220,160
51,904
1,272,064
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.
- 9-

THE FALKLAND ISLANDS MEMORIAL CHAPEL TRUST
BALANCE SHEET
AS AT 31 MARCH 2025
2025
2024
Fixed assets
Investments
Current assets
Debtors
Cash at bank and in hand
Notes
14
1,192,413
1,195,570
15
Creditors: amounts falling due within
one year
Net current assets
Total assets less current liabilities
16
1,878
83,113
84,991
(6,296)
2,000
81,116
83,116
(6,622)
78,695
1,271,108
76,494
1,272,064
The funds of the charity
Restricted income funds
Unrestricted funds
17
18
57,367
1,213,741
1,271,108
The financial statements were approved by the trustees on.
1ch September 2025
51,904
1,220,160
1,272,064
Major General Jeff Mason MBE Royal Marines
(Chairman)
Commander Andrew Gordon-Lennox Royal Navy (Vice
Chairman)
- 10 -

THE FALKLAND ISLANDS MEMORIAL CHAPEL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
Charity information
The Falkland Islands Memorial Chapel Trust is a charity registered with the Charity Commission (Charity No.
1037942). The principle address is Pangbourne College, Pangbourne, Berkshire, RG8 8LA.
1.1
Accounting convention
The financial statements have been prepared in accordance with the Charities Act 2011 and "Accounting and
Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts
in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS
102)" (as amended for accounting periods commencing from 1 January 2019). The charity is a Public Benefit
Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary
amounts in these financial statements are rounded to the nearest £
1.2 Going concern
At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity
has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees
continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Charitable funds
objectives.
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.4 Incoming resources
Donations
Donations are included in the accounts at the date receivable.
Legacies
Legacies are accounted for on a receivable basis.
Investment income
Investment income is recognised when receivable.
Resources expended
Expenditure, which is charged on an accruais basis, is allocated between the cost of raising funds and
expenditure on charitable activities. Expenditure on charitable activities includes the costs of running the
memorial chapel.
Governance costs are those incurred in compliance with constitutional and statutory requirements
1.6
Fixed asset investments
Fixed asset investments are initially measured at transaction price including transaction costs, and are
subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net
income/(expenditure) for the year.
1.7
Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks and other short-term liquid
investments with original maturities of three months or less.
- 11 -

2
3
4
THE FALKLAND ISLANDS MEMORIAL CHAPEL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Critical accounting estimates and judgements
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Income from donations and legacies
Unrestricted
Restricted
funds
funds
2025
2025
€
Total Unrestricted
Restricted
2025
funds
funds
2024
2024
€
Donations and gifts
Grants
28,648
-
28,648
19,415
19,415
28,648
19,415
48,063
43,060
1,225
44,285
5,000
5,000
Total
2024
€
43,060
6,225
49,285
Donations and gifts
General Donations
Memorial Garden Plaque
Project
Friends Donations
Gift Aid
Hymn Books
In Memory
9,184
1,500
13,394
4,570
:
28,648
:
9,184
1,500
13,394
4,570
:
28,648
9,756
6,000
12,764
6,330
8,030
180
43,060
9,756
6,000
12,764
6,330
8,030
180
43,060
Income from investments
Other income
Other income
Interest receivable
:
-
Unrestricted Unrestricted
funds
2025
funds
2024
€
14,893
17,931
1,869
14,168
18,135
1,641
34,693
33,944
- 12-

5
6
THE FALKLAND ISLANDS MEMORIAL CHAPEL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Raising funds
Investment management
Unrestricted Unrestricted
funds
funds
2025
2024
11,659
11,659
10,864
10,864
Expenditure on charitable activities
Direct costs
Trust secretary costs
Annual service costs
Newsletter costs
Maintenance and professional costs
Memorial garden costs
Hymn books
Share of support and governance costs see note 7)
Support
Governance
Analysis by fund
Unrestricted funds
Restricted funds
Running the Running the
memorial
memorial
chapel
chapel
2025
2024
€
29,176
16,901
5,035
8,226
138
-
59,476
31,363
11,869
4,961
89,730
1,656
10,250
149,829
2,789
3,974
66,239
51,022
15,217
66,239
2,813
3,768
156,410
148,074
8,336
156,410
- 13 -

7
8
9
10
THE FALKLAND ISLANDS MEMORIAL CHAPEL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Support costs
Chapel Insurance
Printing & stationary
Independent Examiners
Fees
Trustees' Meetings
Trustees' Liability
Insurance
Support Governance
costs
costs
2,140
649
:
:
2,052
1,360
562
2,789
3,974
2,789
3,974
2025
€
2,140
649
Support Governance
costs
costs
€
1,653
1,160
:
2,052
1,360
562
6,763
:
2,813
1,950
1,218
600
3,768
6,763
2,813
3,768
2024
1,653
1,160
1,950
1,218
600
6,581
6,581
2024
€
1,950
Analysed between
Charitable activities
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements
2,052
Trustees
Trustees' indemnity insurance amounting to £562 was paid during the year (2024 - £600).
The total amount of Trustee expenses reimbursed during the year was Enil (2023 - Enil).
Other than the above, none of the Trustees (or any persons connected with them) received any remuneration
or benefits from the charity during the year.
Other expenditure
Financing costs
Unrestricted Unrestricted
funds
2025
funds
2024
257
- 14 -

THE FALKLAND ISLANDS MEMORIAL CHAPEL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
11
Gains and losses on investments
Gains/(losses) arising on:
Revaluation of investments
12 Taxation
Unrestricted Unrestricted
funds
funds
2025
2024
(6,822)
63,501
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
13
Tangible fixed assets
Pangbourne College Ltd has granted to the Trustees a lease of the land on which the Chapel has been built,
which expires in 2071. No rent is payable, but the Trustees are obliged to keep the Chapel in good repair and
can only use the Chapel for the purposes of the charity.
The book value of the Chapel has been fully written down and is carried at Enil.
14
Fixed asset investments
Cost or valuation
At 1 April 2024
Additions
Valuation changes
Increase/(decrease) in cash deposit account
At 31 March 2025
Impairment
At 1 April 2024
Disposals
At 31 March 2025
Carrying amount
At 31 March 2025
At 31 March 2024
Listed
investments
1,195,570
313,730
(6,702)
686
1,503,284
310,871
310,871
1,192,413
1,195,570
Investments at fair value comprise:
Equities
2025
720,547
2024
671,093
- 15-

THE FALKLAND ISLANDS MEMORIAL CHAPEL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
14
Fixed asset investments
Fixed interest securities
Cash held within the investment portfolio
Property
Alternative investments
248,565
64,018
37,672
121,611
1,192,413
(Continued)
242,065
61,522
52,929
167,961
1,195,570
15 Debtors
Amounts falling due within one year:
Prepayments and accrued income
16 Creditors: amounts falling due within one year
2025
E
1,878
2024
€
2,000
Other creditors
Accruals and deferred income
2025
2,176
4,120
6,296
2024
€
3,831
2,791
6,622
17 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust
subject to specific conditions by donors as to how they may be used.
At 1 April
2024
Incoming
resources
Welfare - Veterans
Welfare - Families (Falkland Families
Association FFA)
Window Repair Fund
Flower Fund
10,881
20,880
20,143
-
51,904
19,415
20,680
Resources At 31 March
expended
2025
€
(15,217)
15,079
20,880
20,143
1,265
(15,217)
57,367
- 16-

THE FALKLAND ISLANDS MEMORIAL CHAPEL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
17
18
Restricted funds
Previous year:
At 1 April
2023
€
Incoming
resources
(Continued)
Resources At 31 March
expended
2024
€
€
Welfare - Veterans
Nelfare - Families (Falkland Families
Association FFA
Window Repair Fund
14,217
20,880
20,143
55,240
5,000
:
5,000
(8,336)
:
(8,336)
10.381
20,880
20,143
51,904
Welfare - Veterans
This fund provides financial support to veterans of 1982 primarily to help them and their families to access the
Chapel.
Velfare - Families (Falkland Families Association FFA
his tund provides similar access support to tamilies bereaved as a result of the 1982 Falklands Wa
Window Repair Fund
This fund exists to ensure the general upkeep of the chapel windows and provide monies should any repair or
replacement is needed.
Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
At 1 April
Incoming
Resources
Gains and At 31 March
2024
resources
expended
losses
2025
€
€
€
€
General funds
1,220,160
63,341
(62,938)
(6,822)
1,213,741
Previous year:
General funds
At 1 April
2023
1,237,218
Incoming
resources
€
78,379
Resources
expended
(158,938)
Gains and At 31 March
losses
2024
€
€
63,501
1,220,160
- 17 -

19
20
THE FALKLAND ISLANDS MEMORIAL CHAPEL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Analysis of net assets between funds
At 31 March 2025:
Investments
Current assets/(liabilities)
At 31 March 2024:
Investments
Current assets/(liabilities)
Unrestricted
funds
2025
€
1,192,413
21,328
1,213,741
Unrestricted
funds
2024
1,195,570
24,590
1,220, 160
Restricted
funds
2025
€
57.367
57,367
Restricted
funds
2024
€
51,904
51,904
Total
2025
€
1,192,413
78,695
1,271,108
Total
2024
€
1,195,570
76,494
1,272,064
Related party transactions
There were no disclosable related party transactions during the year (2024 - none).
- 18 -