CHARITY REGISTRATION NO: 1074867 COMPANY REGISTRATION NO: 3731497 IEngland and Wal¢$l THE M.M. NATIONAL GULF VETERANS AND FAMILIES BENEVOLENT ASSOCIATION IA COMPANY LIMITED BY GUARANTEE) DIRECTORS. AND TRUSTEES. REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024
THE M.M. NATIONAL GULF VETERANS AND FAMILIES BENEVOLENT ASSOCIATION CONTENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Legal an(J administrative information Report of the trustees and directors Report of the independent examiner Slalemenl of financial activities Balan sheet Notes forming part of the accounts 12
THE M.M. NATIONAL GULF VETERANS AND FAMILIES BENEVOLENT ASSOCIATION LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2024 DIRECTORS AND TRUSTEES.. Dr N H Graveston Ms S A Spencer Grey Mr J T Clifford MrGEBroN SECRETARY: Mrs M Rusling REGISTERED OFFICE.. Office L11 Base Business Space Chamberlain Road Hull East Yorkshire HU8 8HL ACCOUNTANTS AND INDEPENDENT EXAMINER: KTC Accountants Limited 80 West View Barlby Road Selby North Yorkshire Y08 5BD BANKERS: Virgin Money 214 Holdemess Road Hull East Riding HU9 2AA
THE M.M. NATIONAL GULF VETERANS AND FAMILIES BENEVOLENT ASSOCIATION REPORT OF THE TRUSTEES AND DIRECTORS FOR THE YEAR ENDED 31 MARCH 2024 The trustees. who are also directors of the charity for the purposes of the Companies Act, present their annual report and the accounts for the year ended 31 March 2024. The accounts comply with the Charities Act 2011. the Companies Act 2006 and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). Objects of th• Charity. principal activities and organisalion of our work The charity is constituted as a company limited by guarantee. and is thefore govemed by a memorandum and articles of associalioll. The charity was incorporated on the 9 March 1999. The charity's objectives and its principal activitie5 continue lo be those of providing immediate and on going support lo veterans and their families who have served in the Gulf Conflict 1990-1991. Iraq 2003- 2009 and Afghanislan 2001-2014. We offer this support to persons who do not have any illnesses or to those persons who are, or have been, suffering medical or psychiatric disorders since their service in any of these conflicts. The charity is organised so that the Iruslees meet regularly to manage its affairs. The charity has a full lime general manager and a full lime administrator who together manage the day lo day operations of the charity, the administrator is assisted by two further part time employees. Appoinlmenl of trustees is governed by the Articles of the Company and the Board is authorised to fill vacancies arising through resignation or death of an existing trustee on a temporary basis until the next Annual General Meeting. Developments, activities and achievement5 during this year The financial year 2023-24 has seen the consolidation of the post COVID 'noml" with more flexible working and a greater reliance on digital technologies which have been fully embraced by the NGVFA team. Unlike some other voluntary organisalions the NGVFA has a well established and efficient digital Customer Relationship Management {CRM} system. effective and complianl data and cybersecurity and investment in IT support lo protect against data breaches or cyber-attacks. Last year the UK inflation rale réached a 41 year high of 11.1%. inflation rates this year have fallen, albeil slowly and in April 2024 the inflalion rate was 2.3% - still higher than it was in April 2023. An increase in mortgage rates and rental costs continues to affect the cost of living with over half of UK adults reporting an increase in living costs month on month. Low income households are most affected by rising prices and food bank and debt advice charities are reporting an increase in demand. Whilst the govemmenl did provide some support for households f(y the cosl-of4iving crisis over the last two years, this reduces in 2024-25. Armed Forces pensions including War pensions increased by 10.1 % in line with the Consumer Prices Index in 2023-24 and again by 6.7°A for 2024-25 which does provide some relief.
THE M.M. NATIONAL GULF VETERANS AND FAMILIES BENEVOLENT ASSOCIATION REPORT OF THE TRUSTEES AND DIRECTORS FOR THE YEAR ENDED 31 MARCH 2024 However. as in previous years financial hardship is more commonly seen in those with profiles very similar lo many of our members '. those with moderate to severe depressive symptoms those not in work. not seeking work and not retired those living in Ihe most d8prived areas of England disabled people The graphic TV news and other media reports on the war in Ukraine. as well as the war in Gaza betsveen Israel and Hamas which also heightens tensions in the Middle East. continue to have a significant impact on veterans. including our members, especially those wth mental health issues, such as Post Traumatic Stress Disorder {PTSDI. Increasing anxiety. PTSD symptorns as well a5 feelings of guill and helplessness. The cosl-of-living rise affects members and staff alike, this has had an impact on the charity both in respect of increased workload i.e. providing direcl support and signposting to olher services. and also in respect of running cosls e.g. electricity and gas lo heat and power the office. Staff and volunteers continue to support fundraising and awareness raising events including a number of Amied Forces events throughout the UK. The staff, volunteers and members have continued to prowde unwavering support, commitment and generosity to the charity as have our donors - and we. the tnJstees give our heartfelt thanks for all their Sustained help and support. The charity is a Public Benefit Enlty and continues to provide seNces in line with tts obligations = Prevention or reliel of poverty The charity continues lo provide a wde range of advice regarding available benefits and other financial issues lo ils members. The charity provides support and representations to its members regardin9 war pension Claims. appeal tribunals and benefit claims in order for them lo receive the best possible remuneration. Educatlon The charity has produced a range of infom)ation. in both written and electronic form lo advise not only ils members and their families but also other individuals particulady in heallh care and social services. Advancement of health The vast majority of veteran5 who are rnembers of the charity have significant health problems, the charity provides them with advice and support regarding this so that they can be proactive in improving their own health and also be able to infom individuals in the cating professions about their problems. Over the last few years there has been significant investment in mental health services for veterans and their families in the NHS and voluntary sector and we conlinue to signpost our members to appropriate services.
THE M.M. NATIONAL GULF VETERANS AND FAMILIES BENEVOLENT ASSOCIATION REPORT OF THE TRUSTEES AND DIRECTORS (Continued) FOR THE YEAR ENDED 31 MARCH 2024 Social wallbelng The charity was unable lo provide a respile break in 2021 or 2022 and we canvassed our members with view lo resuming this in 2023 or to consider altemalive options. The survey suggested there was still interest in respite, bul this did not materialise into bookings so a decision was made not to reinstate respite bul to look at other ways to engage with and invest in our membership around the country. We recognise that circumstances have changed for many of our membership and the rise in fuevcost of living and having many of our members with progressive illnesses makes travel and stswng away from home tes5 feasible now than il may have been in the past. We continue to support our members with more emphasis than before on social media, telephone and video contact. Future Developments 2023-24 has demonstrated that running costs continue lo rise. Ihough our slaff are very adept al minimising this. bul there is a narrowing gap belween income and expense. The subdued fvjndraising environment reported last year continues with both a reduction in donors and reduction irs the value of donations made. with a significant reduction in individual gimng. Expanding upon virtual fundraising opportunities through inlemet platforms and digital tools is Suggested in the chartty press along with more flexible giving. both are something to explore over the coming year. The charity continues to be vigilanl regarding the needs of tts members and the cost of its seryices. we continually monitor and evaluate what we do to ensure Ihat our members are at the heart of everything we do and the decisions that are made. We will continue to develop relationships wtth polenlial funders and lo prov#Ye assurances around good governance and best praclice. We will continue to promote our public profile nationally and looalty supporting volunteers and member5 to help us do this effectively. Fundamenlalty our objectives remain Ihe same. to help support our members together with the wider armed forces and veteian populations. Trustees Trustees. who are also the Directors for the purposes of company law. who served durin9 the year were.. Dr N H Graveston Ms S A Spencer Grey Mr J T Clifford Mr G Brown Finan¢ial Review The Statement of Financial Activities shows nel expenditu for the year of £26.027 and Olsr reserves sland al £101.184 in total. Of our reserves £100.702 are unrestricted. Our welfare. support and administralioii costs for the year lotslled £106,371, as such our unrestricted reserves ar6 within our target parameters of between six and tsvelve months of our general running costs.
THE M.M. NATIONAL GULF VETERANS AND FAMILIES BENEVOLENT ASSOCIATION REPORT OF THE TRUSTEES AND DIRECTORS (Continued) FOR THE YEAR ENDED 31 MARCH 2024 Rosgrvgs Policy The trustees have established a policy whereby the charity aims lo hold unrestricted reserves of an amount equivalent to between six and twelve months general njnning costs. thus allowng time for allemative funding to be sought should any major sour(E of current funding be lost. Risk Management The trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining reseNes al current levels. combined with an annual review of the controls over key financial systems. will provide sufficient rgsources in the event of adverse conditions. Ourvolunteers The charity benefits from the support of a small pc of regular volunteers lo whom we would like to express our ongoing gratitude. The volunteers assist in raising awareness of the charity and our fundraising actlvlties. Trustees. responsibilitiès in relation to the accounls The trustees are responsible for preparing the Report of the Tnjstees and Directors and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice}. Company Law requires the charity trustees lo prepare accounts for each year which give a true and fair view of the slate of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure. of the charitable company for that period. In preparing these accounts. the trustees are required lo = select suitable accounting poliaes and then apply them consistently- - observe the methods and principles in the Charities SORP- make judgements and estimates that are reasonable and prudent. - slate whether applicable UK accounting standards have been followed, subject to any material departUS disdosed and explained in the accounts. prepare the accounts on the going concem basis unless tt is inappropriate lo presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any lime the financial position of the charilable company and lo enable it to ensure the accounts comply with the Companies Act 2006. They are also responsible for safeguarding Ihe assets of the company and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 rela ing lo small companies. ONB BO D OF TRUSTEES: pencer Grey Dale: 17 June 2024
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE M.M. NATIONAL GULF VETERANS AND FAMILIES BENEVOLENT ASSOCIATION I report on Ihe accounts of the company for the year ended 31 March 2024. which are sel out on pages 7 to 12. Respective responslbllltles of trustees and exarniner The trustees. {who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144 of the Chartties Act 2011 Ilhe Charities Act.) and that an independent examination is needed. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination. il is my responsibility to- examine the accounts under section 145 of the Charities Acl: to follow the procedures laid down in the general Directions given by the Charity Commission under section 14515llbl of the Charitie5 Acl- and lo stale whether particular matters have corne to my attention. Basis of independent examinerfs report My examination was carried out in accordan with the general direcbons given by the Charity Commission. An examination illcludes a review of the accounting records kepl by the charity and a comparison of the accounts presented with those recofds. It also includes consideration of any unusual items Of disclosures in the financial statements. and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence Ihal would be required in an audit and consequently no opinion is given as to whether the accounts present a 'trve and fair viev/ and the report is limiled lo those matters sel out in the slalemenl below. Independent examlner's SLernent In connection wth my examination, no matter has come to my attention lo indicale that.. accounting records have not been kept in attordance with section 386 of the Companies Act 2006.. the accounts do not accord such record5: where accounts are prepared on an accruals basis. whether they fail lo comply with relevant accounting requirements under section 396 of the Companies A¢t 2006, OT are not consistent with the Charities SORP IFRS1021 any matter which the examiner believes should be drawn to the attention of the reader to gain a proper understanding of the accounts. Michael Joseph Shepherd F.C.C.A KTC Accounlanls Limited 80 West View Barlby R08d Selby Y08 5BD Date '. 17 June 2024
THE M.M. NATIONAL GULF VETERANS AND FAMILIES BENEVOLENT ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted funds Restrlcled funds Total 2024 Total 2023 Notes Incomlng resources Donations, grants and similar Memberships Specific grants received Respite and open days contributions Fundraising Interest receivable on deposits 64,595 4.855 64.595 4.855 75,033 5.100 800 13.232 1.810 8.886 3.372 8,886 3.372 Total Incoming resource$ 81.708 81.708 95.975 Resources expended Costs of generatlng funds Fundraising costs CharlL2blo oxpendltur Respite and open days costs Specific grants awarded Tribunal costs Counselling costs Welfare support and administration 1,364 1.364 1.553 618 106.371 106.371 105.815 Total resources expended 107,735 107.735 107,986 Net incoming resources 26.027 26.027 12.011 Net movement in funds 126.027) {26.027) {12,011} Fund balances at 1 Aprll 2023 126.729 127.211 139.222 Fund balances at 31 March 2024 100,702 482 101.184 127,211
THE M.M. NATIONAL GULF VETERANS AND FAMILIES BENEVOLENT ASSOCIATION REGISTERED NUMBER 3731497 BALANCE SHEET AS AT 31 MARCH 2024 Notes 2024 2023 Fixed Assets Tangible assets 1,687 Current assets Deblois Cash al bank and in hand 2.004 101.190 103.194 1.998 127.388 129,386 Creditors: amounts falllng due within one year 3.862 Nel current assets 99,750 125,524 Total assets, less ¢urrent liabilities 101.184 127.211 Incom9 funds Reslricled funds 11 482 Unrestricted funds 100.702 126.729 101.184 127,211 For the year ended 31 March 2024 the company was entitled lo exemption from audit und8r section 477 of the Companies Act 2006 relatin9 to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The Iruslees ackno4edge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparalion of accounts. The accounts have been prepared in acc(Kdance with the provisions applicable lo companies subject to the small mpanIeS regime. On behalf of the encer G y-trus ord - trustee Approved by the board on.. 17 June 2024
THE M.M. NATIONAL GULF VETERANS AND FAMILIES BENEVOLENT ASSOCIATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies 1-1 Basls of preparation The accounts have been prepared under the historical cost convention and in accordance with the Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportin9 Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. The charity meets the definition of a public benefit entity under FRS 102. 1-2 Incoming resources Income is recognised when the charity has entidemenl to the funds, any performance conditions have been met. it is probable the income will be received and the amount can be measured reliably. 14 Expendlture Expenditure is recognised once there is a legal or constructrve obligation to make a payment lo a third paty. il is probable settlement will be required and the amount can be measured reliably. 14 Tanglble fixed assets Depreciation is provided at the following annual rates in order to write off each asset over ils eslimaled useful life: Office equipment 15% on reducing balance 1-5 Leasing commitments Rentals payable under operating leases are charged lo the Statement of Financial Activities over the period they are incurred. 14 Fund accounting Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity wthout further specified purpose and are available as general funds. Restricted funds are to be used for specific purposes as laid down by the donor. Donations. grants and slmllar 2024 2023 Running cost grants Generdl donations 58,800 5.795 68,800 6,233 64,595 75,033 Running cost grants: ABF The Soldiers. Charity Royal Air Force Benevolent Fund Queen MaS Roehamplon Trust Veterans, Foundation 40,300 40.300 5.000 5.000 18.500 18.500 58.800 68,800
THE M.M. NATIONAL GULF VETERANS AND FAMILIES BENEVOLENT ASSOCIATION NOTES TO THE ACCOUNTS (Continued) FOR THE YEAR ENDED 31 MARCH 2024 3 Welfare support and administration 2024 2023 Staff costs . Welfare. SVPF)Ort and advocacy Staff costs = Adminislralion Staff costs . Promoting awareness and events Telephone, internet and l.T. Postage. slalionery and advertising Accountancy Legal faes Renl. power and service charges Insurance Oeprecialion of tsngible assets Event costs and sundry expenses 41,948 15.829 21,370 7.817 1,353 2,520 41.003 15.473 20.888 7,917 1.764 2,520 48 12,654 2,299 297 952 12,902 1,569 253 762 106,371 105,81 S 4 Net incoming resources The surplus of income over expenditure is stated after charging-. 2024 2023 Depreualion of tangible a55ets- owned by the charity Operating lease rentals Independent examiner fees - external scrutiny Independent examiner fees - accountancy and payroll services 253 11.507 300 2,220 297 11.507 300 2,220 5 Employees No remuneration or expenses were paid to the tnjstees. The costs of the remaining staff were: 2024 2023 Wage5 and salaries Social secuiily costs 78,355 792 76,529 835 79,147 77,364 No ernployee reIVed remuneration of more than £60.000 in either year. Number of ernployees The average monthly number of employees during the year was-. 2024 Number 2023 Number Management. administration and provision of services 10
THE M.M. NATIONAL GULF VETERANS AND FAMILIES BENEVOLENT ASSOCIATION NOTES TO THE ACCOUNTS (Continued) FOR THE YEAR ENDED 31 MARCH 2024 6 Taxation The charitable company is exempt from corporation tax on ils charitable aclrvities. 7 Tangible fixed assets Office equipment Totals Cost: At 1 April 2023 Additions Disposals At 31 March 2024 29.247 29,247 29.247 29,247 Depreciation: Al 1 April 2023 Charge for year Disposals At 31 March 2024 27.560 253 27.560 253 27.813 27.813 Net book value", At 31 March 2024 1,434 1,434 At 31 March 2023 1.687 1.687 8 Debtor5-. Arnounts falling due within one year 2024 2023 Prepayments and accrued Income 2.004 1,998 2.004 1,998 9 Creditors- Amounts falling due within one year 2024 2023 PAYE and social security Trade creditors and accrued expenses 1,408 2.036 1,707 2,155 3,862 11
THE M.M. NATIONAL GULF VETERANS AND FAMILIES BENEVOLENT ASSOCIATION NOTES TO THE ACCOUNTS (Continued) FOR THE YEAR ENDED 31 MARCH 2024 10 Rgstricted funds The income funds of the charity include restricled funds. comprising the following unexpended balances of donations and grants held on tnjsl for specific pUrpeS= Balance at 1 Aprll 2023 Incoming resource5 Resources expended Balance at 31 March 2024 Respite and Open Days 482 482 Respite and Open Days The balance will fund future respite and open day costs. 11 Statutory Information The charity 15 a private limited company. limited by guarantee. registered in England and Wales where the companls registered number 15 3731497. the registered office address is detailed on page 1. 12 Related Party Transactions The charity Lsndertook no related paty transactions during the year. 13 Going Concern Al the reporting date the trustees believe there are no material uncertainties about the chariWs ability lo continue for a peri(xJ of at least 12 months. as such the accounts are prepared on a going concern b8SiS. 12