Charity number: 1094928 ## INTERNATIONAL BRIGADE MEMORIAL TRUST Report of the Trustees and Unaudited Financial Statements For the year ended 31 March 2022 INTERNATIONAL BRIGADE MEMORIAL TRUST Contents Page For the year ended 31 March 2022 |Report of the Trustees|1 to 2| |---|---| |Statement of Financial Activities|3| |Statement of Financial Position|4| |Notes to the Financial Statements|5 to 8| |Detailed Statement of Financial Activities|9| ## INTERNATIONAL BRIGADE MEMORIAL TRUST Report of the Trustees ## For the year ended 31 March 2022 The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 March 2022. The Trustees have adopted the provisions of 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 the Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The International Brigade Memorial Trust keeps alive the memory and spirit of the men and women from Britain and Ireland who served in the International Brigades during the Spanish Civil War of 1936-39 and all those who supported them in their home countries. We do this by helping to look after and erect memorials to the volunteers, by encouraging research and historical investigation into the volunteers, by promoting the preservation of archives, by publishing a regular magazine and e-newsletter, by organising and supporting cultural events and activities, by maintaining a website and using other online media and by various other commemorative and educational activities. ## **Statement on public benefit** The trustees comprise our Executive Committee, which is elected at our Annual General Meeting. The committee meets three times per year. ## **ACHIEVEMENTS AND PERFORMANCE** The International Brigade Memorial Trust is an active and vibrant organisation with more than 900 paying members and several group affiliations, mainly trade unions, whether nationally, regionally or by branch. During 2021/22 the trust organised or participated in many successful events in the British Isles and Spain 2 that raised its profile and promoted its aims and objectives. These were reported in our magazine, which can be viewed or downloaded from our website (www.international-brigades.org.uk), in our e-newsletter and on various social media platforms. Such activities require significant expenditure, along with time and skills provided by Executive Committee members and other volunteers, as does the general administration of the trust, and we are once again grateful to all those who have contributed towards fulfilling our aims. ## **FINANCIAL REVIEW** ## **Reserves** The trustees consider it necessary that unrestricted reserves are held in order to discharge the projected expenditure for the next 12 months. Trustees monitor and review the level of reserves at each year-end and at least once during the year. ## **REFERENCE AND ADMINISTRATIVE INFORMATION** **Name of Charity** INTERNATIONAL BRIGADE MEMORIAL TRUST **Charity registration number** 1094928 **Principal address** 37A Clerkenwell Green London EC1R 0DU 1 of 9 INTERNATIONAL BRIGADE MEMORIAL TRUST Report of the Trustees Continued For the year ended 31 March 2022 ## **Trustees** The trustees and officers serving during the year and since the year end were as follows: Ms Megan Dobney Mr Alex Gordon Mr Jonathan Havard Mr Jim Jump Mr Paul Coles Mr Manus O'Riordan Ms Pauline Fraser Mr John Haywood Mr Alan Lloyd Mr David Mcknight Ms Dolores Long Ms Marlene Sidaway Mr David Chanter Mr Mike Arnott ## **Independent examiners** Sloane & Co LLP 36 - 38 Westbourne Grove Newton Road London W2 5SH Approved by the Board of Trustees and signed on its behalf by ............................................................................. Ms Megan Dobney 2 of 9 ## INTERNATIONAL BRIGADE MEMORIAL TRUST Statement of Financial Activities For the year ended 31 March 2022 |**Notes**
**Income and endowments from:**
Donations and legacies
2
Other trading activities
3
Fund raising events
Investments
4
Bank interest receivable
**Total**
**Expenditure on:**
Charitable activities
5/6
Charitable activity
Support costs
**Total**
**Net expenditure**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**£**
24,277
14,418
9
**38,704**
(46,311)
(1,798)
**(48,109)**
**(9,405)**
92,597
**83,192**|**2021**
**£**
24,730
14,569
145
**39,444**
(46,139)
(736)
**(46,875)**
**(7,431)**
100,028
**92,597**| |---|---|---| 3 of 9 ## INTERNATIONAL BRIGADE MEMORIAL TRUST ## Statement of Financial Position ## As at 31 March 2022 |**Notes**
**Fixed assets**
Tangible assets
11
**Current assets**
Stocks
12
Cash at bank and in hand
**Creditors: amounts falling due within one year**
**Net current assets**
**Total assets less current liabilities**
**Net assets**
**The funds of the charity**
Unrestricted income funds
13
**Total funds**|**£**
**2022**
846
**846**
6,092
77,254
**83,346**
(1,000)
**82,346**
**83,192**
**83,192**
83,192
**83,192**|**£**
**2021**
846
**846**
4,747
87,004
**91,751**
-
**91,751**
**92,597**
**92,597**
92,597
**92,597**| |---|---|---| The financial statements were approved and authorised for issue by the Board and signed on its behalf by: Ms Megan Dobney Trustee 4 of 9 ## INTERNATIONAL BRIGADE MEMORIAL TRUST Notes to the Financial Statements For the year ended 31 March 2022 ## **1. Accounting Policies** ## **Basis of accounting** The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘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)’, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Charities Act 2011. INTERNATIONAL BRIGADE MEMORIAL TRUST meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). ## **Donated goods, services and facilities** Donations are accounted for when received. ## **Stocks and work in progress** Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. ## **2. Income from donations and legacies** |**Unrestricted funds**
Donations received
Subscriptions received|**2022**
**£**
8,817
15,460
**24,277**|**2021**
**£**
12,639
12,091
**24,730**| |---|---|---| ## **3. Income earned from other activities** |**Unrestricted funds**
Fund raising events|**2022**
**£**
14,418
**14,418**|**2021**
**£**
14,569
**14,569**| |---|---|---| 5 of 9 ## INTERNATIONAL BRIGADE MEMORIAL TRUST ## Notes to the Financial Statements Continued For the year ended 31 March 2022 ## **4. Investment income** |**Unrestricted funds**
Bank interest receivable
**osts of charitable activities by fund type**
**Unrestricted funds**
Charitable activities
Support costs
**osts of charitable activities by activity type**
**Activities undertaken directly**
Charitable activities
Support costs
**nalysis of support costs**
Support costs|**2022**
**£**
9
**9**
**2022**
**£**
16,947
31,162
**48,109**
**2022**
**£**
46,311
1,798
**48,109**
**2022**
**£**
31,162|**2021**
**£**
145
**145**
**2021**
**£**
14,101
32,774
**46,875**
**2021**
**£**
46,139
736
**46,875**
**2021**
**£**
32,774| |---|---|---| ## **5. Costs of charitable activities by fund type** ## **6. Costs of charitable activities by activity type** ## **7. Analysis of support costs** 6 of 9 ## INTERNATIONAL BRIGADE MEMORIAL TRUST ## Notes to the Financial Statements Continued For the year ended 31 March 2022 ## **8. Net income/(expenditure) for the year** This is stated after charging/(crediting): |This is stated after charging/(crediting):||| |---|---|---| ||**2022**|**2021**| ||**£**|**£**| |Accountancy fees|1,360|1,360| ## **9. Staff costs and emoluments** Total staff costs for the year ended 31 March 2022 were: |Salaries and wages|**2022**
**£**
21,572
**21,572**|**2021**
**£**
21,210
**21,210**| |---|---|---| ## **10. Comparative for the Statement of Financial Activities** The comparative year values on the Statement of Financial Activites are for unrestricted funds. ## **11. Tangible fixed assets** |**Cost or valuation**
At 01 April 2021
At 31 March 2022
**Net book values**
At 31 March 2022
At 31 March 2021|**Fixtures and**
**Fittings**
**£**
846
**846**
**846**| |---|---| ||**846**| ## **12. Stocks and work in progress** |Stock|**2022**
**£**
6,092
**6,092**|**2021**
**£**
4,747
**4,747**| |---|---|---| 7 of 9 ## INTERNATIONAL BRIGADE MEMORIAL TRUST Notes to the Financial Statements Continued For the year ended 31 March 2022 ## **13. Movement in funds** ## **Unrestricted Funds** |_General_
General
**Unrestricted Funds - Previous year**
_General_
General|**Balance at**
**01/04/2021**
**£**
92,597
**92,597**
**Balance at**
**01/04/2020**
**£**
100,028
**100,028**|**Incoming**
**resources**
**£**
38,704
**38,704**
**Incoming**
**resources**
**£**
39,444
**39,444**|**Outgoing**
**resources**
**£**
(48,109)
**(48,109)**
**Outgoing**
**resources**
**£**
(46,875)
**(46,875)**|**Balance at**
**31/03/2022**
**£**
83,192
**83,192**
**Balance at**
**31/03/2021**
**£**
92,597
**92,597**| |---|---|---|---|---| ## **14. Analysis of net assets between funds** |**Unrestricted funds**
_General_
General
**Previous year**
**Unrestricted funds**
_General_
General|**Tangible**
**fixed assets**
**Net current**
**assets /**
**(liabilities)**
**Net Assets**
**£**
**£**
**£**
846
82,346
83,192
**846**
**82,346**
**83,192**
**Tangible**
**fixed assets**
**Net current**
**assets /**
**(liabilities)**
**Net Assets**
**£**
**£**
**£**
846
91,751
92,597
**846**
**91,751**
**92,597**| |---|---| 8 of 9 ## INTERNATIONAL BRIGADE MEMORIAL TRUST Detailed Statement of Financial Activities For the year ended 31 March 2022 |**INCOME AND ENDOWMENT**
**Donations and legacies**
Donations
Subscriptions
**Other trading activities**
Fund raising events
**Investments**
Bank interest receivable
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Cost of direct charitable activity
**SUPPORT COSTS**
**Governance costs**
Support costs
Travel and bank charges
**Total resources expended**
**Net Expenditure**|**£**
**2022**
8,817
15,460
**24,277**
14,418
**14,418**
9
**9**
**38,704**
(16,947)
**(16,947)**
(29,364)
(1,798)
**(31,162)**
**(48,109)**
**(9,405)**|**£**
**2021**
12,639
12,091| |---|---|---| |||**24,730**
14,569| |||**14,569**
145| |||**145**| |||**39,444**
(14,101)| |||**(14,101)**
(32,038)
(736)| |||**(32,774)**| |||**(46,875)**
**(7,431)**| 9 of 9 This page does not form part of the statutory financial statements