CHARITY REGISTRATION NO: 1074867 COMPANY REGISTRATION NO: 3731497 (England and Waleg) 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 2025
THE M.M. NATIONAL GULF VETERANS AND FAMILIES BENEVOLENT ASSOCIATION CONTENTS FOR THE YEAR ENDED 31 MARCH 2025 Page Legal and administrative information Report of the trustees and directors Report of the independent examiner statement of financial activities Balance sheet Notes forming part of the accounts 9-12
THE M.M. NATIONAL GULF VETERANS AND FAMILIES BENEVOLENT ASSOCIATION LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2025 .DIRECTORS AND TRUSTEES: Ms S A Spencer Grey Mr J T Clifford Mr G E Brown Dr N H Graveston (resigned 5111120241 SECRETARY.. Mrs M Rusling REGISTERED OFFICE: Unlt1a K3 Business Park 200 Clough Road Hull East Yorkshire HU5 1SW ACCOUNTANTS AND INDEPENDENT EXAMINER: KTC Accountsnts Limited 80 West Vlew Barlby Road Selby North Yorkshire Y08 5BD BANKERS, Virgln 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 2025 The trustees, who are also directors of the charlty for the purposes of the Companles Act, present their annual report and the accounts for the year ended 31 March 2025. The accounts comply wlth the Charitles Act 2011, the Companies Act 2006 and Accounting and Reporting by Gharitles., Statement of Recommended Practice applicable to charities preparing their accounls in a¢cordanc8 With th8 Flnancial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102), Objects of the charltyj prlnclpal actlvltles and organisation of our work The charity is conslituted as a company Ilmit6d by guarantee, and is therefore governed by a memorandum and articles of association. The charity was Incorporated on the 9 March 1999. The charity's objectives and ils prinGipal activiti@s continue to be those of providing immediate and on going support to veterans and their families who have served in the Gulf Conflict 1990-1991, Iraq 20Q3- 2009 and Afghanislan 2001.2014. We offer Ihis 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 trustees meet regularly to manage its affairs. The charity has a full time general manager and a full time admlnistrator who together manage the day to day operations of the charity, the administrator is assisted by two further part time employees, Appointment of trustees is governed by the Articles of the Company and the Board Is authorised to fill vacancles arislng thrcugh resignatlon or death of an exlsting trustee on a temporary basis until the next Annual General Meeting. Development8, activities and achievements durlng thls year During the financial year 2024-2025 flexible working and digital technologies that came to the fore during COVID have now become embedded into our everyday work praclices, and further compliment our investtnent in our digital Cuslomer Relationship Management ICRM) system, our effective and compliant data and cyberseGurify and IT support lo protect against data breaches or cyber-altacks. 2024-2025 has continued to be challenging and unpredictable for charitles including the NGVFA and sector forecasts suggest that this will not ¢hango in the coming year. For us, these financial challenges culminated in December 2024 when our landlords of over 10 years, declared thal the rent for our offices was going to double. This necessitated a search for new affordable premises, which we did find and have since moved to, but this was very stressful for staff and Gaused additional expense for the charity. We thank our stsff, volunteers and members for the extra time and effort they made to secure the charity's new home. Through thls change we also develDped new collaborations and relationships with other charities and companies, it also gave us the opportunity to review and confirm that what we do is unequivoGally needed and appreciated. Surveys in 2024 conflrmed that the number of people livlng In financially vulnerable circumstances in the UK had risen by 16 % since 2022 to 20.3 mlllion people, Hlgh levels of debt have also increased by 590k to 3.5 million people osing unsecured loans and buy now pay later to stay afloat,
THE M.M. NATIONAL GULF VETERANS AND FAMILIES BENEVOLENT ASSOCIATION REPORT OF THE TRUSTEES AND DIRECTORS FOR THE YEAR ENDED 31 MARCH 2025 Low-income households are still the most affected by rising prices and food bank and debl advic8 charities are reporting an increase in demand for their services. Whllst the government did provide some support for households for the cost-of-living crisis over the last 2 years, this reduced in 2024-2025, However, £421 m was made avallable to County Councils and Unitary Authorities in England to support those most in need with the cost of essentials via the Household Support Fund { The Fund ). Armed Forces pensions, including war pensions, increased by 10.1 1 in line with the Consumer Pric8 Index (CPI) in 2023-24 and there was a further increase in 2024-25 of 6.7 %. However, from April 2025 pensions will increase by only 1.7 %, in Ilne with the annual Increase in the CPI up to September 2024. However, as In previous years financial hardship is more commonly seen in Ihose with profiles very similar to many of our members those with moderate to severe depressive symptoms those not in work, not seeking work and not retlred those living in the most deprived areas of England disebled people The continuing conflicts in Ukraine and Russia, and In Gaza beeen Israel and Hamas whlch also heightens tensions in the Mlddle East, continues to have a significant impact on veterans, including our members, especially those wlth mental health issues, such as Post Traumatic Stress Disorder (PTSD). Increaslng anxiety, PTSD symptoms as well as feelings of guilt and helplessness. The cosl-of-living rise affects members and staff alike, this has had an impact on the charity both in rèspect of inGreased workload 1.8. providing direct supporl and signposting to other services, and also in respect of running costs e.g. electricity and gas to malntain the office and staffln9. staff and volunteers continue to support fundraising and awareness raising events including a number of Armed Forces events throughout the UK. The staff, volunteers and members have contlnued to provide unwavering support, commitment and generosity to the charity as have our donors - and we, the trustees, give our heartfelt thanks for all their sustained help and support. The charity is a Public Benefit Entity and continues to provide services in line with its obligations Preventlon or rellef of poverty The charity continues to provide a wide range of advice regardlng available benefits and other financial issues to its members. The charity provides support and representations to Its members regarding war pension clairns, appeal tribunals and benefit claims in order for them to receive the best possible remuneration, Education The charlty has produced a range of information, in both written and electronic form to advise not only its members and thelr families but also other individuals particularly in health care and social services.
THE M.M. NATIONAL GULF VETERANS AND FAMILIES BENEVOLENT ASSOCIATION REPORT OF THE TRUSTEES AND DIRECTORS (Continued) FOR THE YEAR ENDED 31 MARCH 2025 Advanc8ment of health The vast majority of veterans who 8re members of the Charity have significant health problems, the charity provides them with advlce and support regarding this so that they can be proactive in improving their own health and also be able to inform individuals in the caring professions about their prcblems. Over the last few yesrs there has been significant investment in mental health services for veterans and their families In the NHS and voluntary sector and we contlnue to slgnpost our members to appropriate services. So¢ial wellbeing The charity reviewed the provision of a respite break In 2023-24 and as a result respite has not and will not be reinstated. We continue to develop ways and opportunities to engage with and invest in our membership around the country. We continue to support our members wlth more emphasis fhan before on social media, telephone and video contact. Future Developments 2024-25 has demonslrated that running costs continue to rise, though our staff are very adept al minimising this, but there is a narrowing gap between Income and expense, The subdued fundralslng environment reported last year continues with both a reduction in donors and reduction in the value of donslions madè, with a significant reduction in Indlvidual giving. Expanding upon virtual fundraising opportunities through internet platfcmis and digital tools is suggested in the charity press along with more flexible oiving, both are something to explore over the coming yesr. The oharity continues to be vigilant regarding the needs of Its members and the cost of ils services, we continually monitor and evaluate what we do to ensure that our members are al the heart of everything we do and the declsions that are made, We will continue to develop relationships with potential funders and to provide assurances around good governance and best practice. We will continue to promote our public profile nationally and locally supporting volunteers and members to help us do this effectively. Fundamentally our objectives remaln the same, to help support our members together wlth the wlder armed forces and veteran populations. Trustees Trustees, who are also the Directors for the purposes of company law, who served during the year were,. Dr N H Graveston (resigned 511112024) Ms S A Spencer Grey Mr J T Clifford Mr G Brown Flnanolal Revlew The Statement of Financial Activities shows net income for the year of £2,839 and our reserves stand at £104,023 in total. Of our reserves £103,541 arg unrestricted. Our welfare, support and administration costs for the year totalled £107,687, as such our unrestricted reserves are within our target paramoters of between six and twelve months of our general runnlng costs.
THE M.M. NATIONAL GULF VETERANS AND FAMILIES BENEVOLENT ASSOCIATION REPORT OF THE TRUSTEES AND DIRECTORS (Continued) FOR THE YEAR ENDED 31 MARCH 2025 Reserves Polloy The trustees have established a policy whereby the charity aims to hold unrestricted reserves of an amount equivalent to beeen six and twalve months general running costs, thus allowing time for alternative funding to be sought should Sny major source of current funding be lost, Rlsk Management The trustees actively review the major risks which the charity faces on a regular basls and beli&ve that maintaining reseNes at current levels, Combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. Our Volunteers The charity benefits from the support of a small pool of regular volunteers to whom we would like to express our ongoing gratitude, The volunteers assist in raising awareness of the charity and our f undraislng activities, Trustees, responsibilities in relation to the accounts The truste8s are responsible for preparing the Report of the Trustees and Directors and the accounts In accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Genorally AcGepted Accounting Practice). Company Law requires the charity trustees to prepare accounts for each year whlch give a true and fair view of the stste of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charltsble company for that period. In preparing these accounts, the trustees are required to select suitable accounting policies and then apply them conslstently., observe the methods and principles in the Charities SORP. make judgements and 8Stimates that are reasonable and prudent., state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the accounts. prepare the accounts on the going concern basis unless it is Inappropriate to presuma that the charity Wlil conlinue in operation, The trustees are responsible for keeping proper accounting records which disclose wlth reasonable accuracy at any tlme the financial position of the charitable company and to enable it to ensure the accounts comply with the Companies Act 200S, They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and deteGtion of fraud and other irregularities. This report has been prepared in accordance wlth the provi8ions of Part 15 of the Companies Act 2006 relating to small companies, THE BOARD OF TRUSTEES.. Asp ncer Gr Date: 28 July 2025
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE M.IVI. NATIONAL GULF VETERANS AND FAMILIES BENEVOLENT ASSOCIATION I report on the accounts of the company for the year ended 31 March 2025, which are set out on pages 7 to 12, Respective respon8ibilities of trustees and examlner The trustees, (who are also the directors of the charitsble company for the purposes of company law) are responsible for th6 preparation of the accounts, The trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 ("the Charities ACY'I and thal an independent examination Is needed. Having Satisfied myself that the charlty is not subjecl to audit under company law and is eligible for independent examination, it Is my responsibillty to,, examine the accounts under section 145 of the Charities Act,, to follow the procedures laid down in the general Directions given by the Charity Commisslon under section 145{5)(b) of the Charities Act; and to state whether particular matters have come to my attentlon. Basi8 of independent examinerfs report My examination was carried out in accordance wlth the general directions given by the Charity Commlssion. An examination includes a review of the accounting reGords kept by the charity and a comparison of the accounts presented wlth those records, It also includes conslder8tion of any unusual items or dlsclosures In the financial statements, and seeking explanatlons from you as trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be requlred in an audil and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limiled to Ihose matters set out Sn the statement below. Independent examlnefs Statement In connection with my examination, no matter has come to my attention to indicate that: accounting records have not been kept in accordance with section 386 of the Companies Act 2006., the accounts do not accord with such records.. where accounts are prepared on an aocruals basis, whether they fail to comply with relevant accounting requirements under section 396 of the Companies Act 2006, or are nDt consistent with the charities SORP IFRS102) any matter which the examlner belleves 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 Accountants Limited 80 West View Barlby Road Selby Y08 5BD Date '. 28 July 2025
THE M.M. NATIONAL GULF VETERANS AND FAMILIES BENEVOLENT ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 MARCH 2025 Unrestrlcted funds Restricted funds Total 2025 Total 2024 Notes Incoming resources Donations, grants and sirnilar Memberships Specific grants received Respite and open days contributions Fundraising Interest receivable on deposits 92,951 5,155 92,951 5,155 64,595 4,855 12,519 1,261 12,S19 1.261 8,886 3,372 Total Incoming resources 111,886 111,886 81,708 Resources expended Costs of generating funds Fundraising costs Charltable expendlture Resplte and open days costs Specific grants awarded Tribunal costs Coun8811ing costs Welfare support and 8dminlstration 1,034 1,034 1,364 326 326 107,687 107,687 106,371 Total resources expended 109,047 109,047 107,735 Net incoming resourc88 2,839 (26,027 Net movement In funds 2,839 2,839 (26,027) Fund balances at 1 April 2024 100,702 482 101,184 127,211 Fund balances at 31 March 2025 103,541 482 104,023 101,184
THE M.M. NATIONAL GULF VETERANS AND FAMILIES BENEVOLENT ASSOCIATION REGISTERED NUMBER 3731497 BALANCE SHEET AS AT 31 MARCH 2025 Notes 2025 2024 Flxed Assets Tangible assets 1,219 1,434 Current a88eis Debtors Cash at bank and in hand 2,970 103,360 106,330 2,004 101,190 103,194 Creditors: amounts falling due wlthln one year 3,444 Net current assets 102,804 99,750 Total assets. less current liabilities 104,023 101,184 Income fund5 Restricted funds 10 482 482 Unrestricted funds 103,541 100,702 104,023 101,184 For the year ended 31 March 2025 the comp8ny was entitled to exemption from audit under section 477 of the Companips Acl 2006 relating to small companles. The members have nct requlred the company to obtain an audit in acGordanGe with section 476 of the Companies Act 2006, The trustees aGknowledge their responsibility for complying with the requirements of the Act with respect lo accounting records and for the preparation of accounts. The accounts have been prepared in accordance with the provisions applicable to companies subjecl to Ihe small companies regime. On beh If of the Trustees Spencer Gr y - trust Clifford trustee Approved by the board on.. 28 July 2025
THE M.M. NATIONAL GULF VETERANS AND FAMILIES BENEVOLENT ASSOCIATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 1 Accounting policies 1-1 Basis of preparation The accounts have been prepared under the historlcal cost convention and in accordance with the Accounting and Reporting by Charities.. Statement of Recommended Practlce applicable to charities preparing thelr accounts in accordance with the Financial Reporting Standard applicable In the UK 2nd Republic of Ireland (FRS 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 entitlement to the funds, any performance conditions have begn met, it 18 probable the income will be recelved and the amount can be measured reliably. 1-3 Expendlture Expenditure is recognised once there is a legal or constructive obligation to make a payment to third paty, it is probable selllement will be required and the amount can be measured reliably. 14 Tanglble flxed assets Depreclation is provided at the following annuol rates in order to write off each asset over its estimated useful life.. Off ice equipment 15 % on reducing balance 1-5 Leaslng commltments Rentals payable under operating leases are charged to the Statement of Financial Activities over the period they are inourred. 1-6 Fund accounting Unrestrlcted funds are donations and other incomlng resources receivable or generated for the objects of the charity without further specified purpose and are available as general funds. Restricted funds are to be used for specific purposes as laid down by the donor. 2 Donations, grants and similar 2025 2024 Running cost grants General donations 89,250 3,701 58,800 5,795 92,951 64,595 Runnlng cost grants: ABF The Soldiers, Charity Veterans, Foundalion Queen Mary's Roehampton Trust The Grocers Charity The Inman Charity Trust Souter Charitable Trust 45,000 18,500 15,000 5,000 3,750 2,000 40,300 18,500 89,250 58,800
THE M.M. NATIONAL GULF VETERANS AND FAMILIES BENEVOLENT ASSOCIATION NOTES TO THE ACCOUNTS (Continued) FOR THE YEAR ENDED 31 MARCH 2025 3 Welfare support and administration 2025 2024 staff costs . Welfare, support and advocacy staff costs Administration staff Gosts . Promoting awareness and events Telephone, internet and l.T. Postage, stationery and advertlsing Repairs and renewals Accountancy Legal fees Rent, power and servlce charges Insurance Depreciation of tangible assels Event costs and sundry expenses 42,845 16,168 2q,827 7,916 1,252 104 2,520 69 12,351 1,744 215 676 41,948 15,829 21,370 7,817 1,353 2,520 48 12,902 1,569 253 762 107,687 106,371 4 Net Incomlng resources The surplus of income over expenditure is stated after charging- 2025 2024 Depreciation of tangible assets - owned by the charity Operating lease rentals Independent examiner fees - external scrutiny Independent examiner fees - accountancy and payroll services 215 11,507 300 2,220 253 11.507 300 2,220 5 Employees No remuneration or expenses were paid lo the Irustees, The costs of the remaining staff were., 2025 2024 Wages and salaries Social security costs 79,842 998 78,355 792 80,840 79,147 No employee received remuneration of more than £60,000 in either year. Number of employees The average monthly number of employees during the year was.. 2025 Number 2024 Number Management, administration and provision of seNices 10
THE M.M. NATIONAL GULF VETERANS AND FAMILIES BENEVOLENT ASSOCIATION NOTES TO THE ACCOUNTS {Contlnued) FOR THE YEAR ENDED 31 MARCH 2025 6 Taxatlon The charltable company is exempt from corporation tax on its charilable activities. 7 Tanglble flxed assets Office equipment Totals Cost: Al 1 April 2024 Additions Disposals At 31 March 2025 29,247 29,247 29,247 29,247 Depreclatlon: At 1 April 2024 Charge for year Disposals At 31 March 2025 27.813 215 27,813 215 28,028 28,028 Net book value: At 31 March 2025 1,219 1,219 At 31 March 2024 1.434 1,434 8 Debtors: Amounts falllng due wlthln one year 2025 2024 Prepayments and accrued incorne 2,970 2,970 2,004 9 Creditors: Amounts falling due within one year 2025 2024 PAYE and social securlty Trade creditors and accrued expenses 1,537 1,989 1,408 2,036 3,526 3,444 11
THE M.M. NATIONAL GULF VETERANS AND FAMILIES BENEVOLENT ASSOCIATION NOTES TO THE ACCOUNTS (Continued) FOR THE YEAR ENDED 31 MARCH 2025 10 Restrlct&d funds The income funds of the charity Include restricted funds, comprising the following unexpended balances of donations and grants held on trust for speclflc purposes,, Balance at 1 April 2024 Incoming resources Resources expended Balance at 31 March 2025 Respite ancl open Days 482 482 482 482 Respite and Open Days The balance will fund future respite and open day costs, 11 Statutory Information The charity is a private limited company, Ilmited by guarantee, reglstsred in England and Wales where the company's registered number is 3731497, the reglSt8red office address is delailed on page1. 12 Related Party Transactlons The charity undertook no related paty transactions during the year. 13 Going Concern At the reporting date the Irustees believe there are no material uncertainties about the charltls ability tts continue for a period of at least 12 months, as such the accounts are prepared on a going concem basis. 12