Charity number: 1094928
International Brigade Memorial Trust
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 March 2024
International Brigade Memorial Trust Contents Page For the year ended 31 March 2024
| Report of the Trustees | 1 to 2 |
|---|---|
| Independent Examiner's Report to the Trustees | 3 |
| Statement of Financial Activities | 4 |
| Statement of Financial Position | 5 |
| Notes to the Financial Statements | 6 to 9 |
| Detailed Statement of Financial Activities | 10 |
International Brigade Memorial Trust Report of the Trustees
For the year ended 31 March 2024
The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 March 2024. 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, encouraging research and historical investigation into the volunteers, promoting the preservation of archives, publishing a regular magazine and e-newsletter, 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 800 paying members and several group affiliations, mainly trade unions, whether nationally, regionally or by branch. During 2023/24 the trust organised or participated in many successful events in the British Isles and Spain 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
| REFERENCE AND ADMINISTRATIVE | INFORMATION |
|---|---|
| Name of Charity | International Brigade Memorial Trust |
| Charity registration number | 1094928 |
| Principal address | 37A Clerkenwell Green |
| London | |
| EC1R 0DU |
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International Brigade Memorial Trust Report of the Trustees Continued For the year ended 31 March 2024
Trustees
The trustees and officers serving during the year and since the year end were as follows:
| Mr Alan Lloyd | |
|---|---|
| Mr Alex Gordon | |
| Mr David Chanter | |
| Mr David McKnight | |
| Mr Jimp Jump | |
| Mr John Haywood | |
| Mr Jonathan Havard | |
| Mr Luke O'Riordan | |
| Mr Mike Amott | |
| Mr Paul Coles | |
| Ms Dolores Long | |
| Ms Marlene Sidaway | |
| Ms Megan Dobney | |
| Independent examiners | Sloane & Co LLP |
| 36-38 Westbourne Grove | |
| Newton Road | |
| W2 5SH |
Approved by the Board of Trustees and signed on its behalf by
............................................................................. Ms Megan Dobney
Date:…………………………………
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International Brigade Memorial Trust Independent Examiners Report to the Trustees For the year ended 31 March 2024
I report to the trustees on my examination of the accounts of the charity for the year ended 31 March 2024.
Responsibilities and basis of report
As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 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 examiners 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:
-
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts 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 accounts to be reached.
Sloane & Co LLP 36-38 Westbourne Grove Newton Road W2 5SH
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International Brigade Memorial Trust Statement of Financial Activities For the year ended 31 March 2024
| Notes Income and endowments from: Donations and legacies 2 Fund raising events 3 Investments 4 Total Expenditure on: Charitable activities 5/6 Total Net expenditure Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 23,293 12,948 909 37,150 (40,881) (40,881) (3,731) 60,474 56,743 |
2023 £ 18,466 10,800 15 29,281 (51,999) (51,999) (22,718) 83,192 60,474 |
|---|---|---|
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International Brigade Memorial Trust Statement of Financial Position As at 31 March 2024
| Notes Fixed assets Tangible assets 11 Current assets Stocks 12 Cash at bank and in hand Creditors: amounts falling due within one year 13 Net current assets Total assets less current liabilities Net assets The funds of the charity Unrestricted income funds 14 Total funds |
£ 2024 846 846 4,643 52,340 56,983 (1,086) 55,897 56,743 56,743 56,743 56,743 |
£ 2023 846 846 4,818 54,810 59,628 - 59,628 60,474 60,474 60,474 60,474 |
|---|---|---|
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Megan Dobney
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International Brigade Memorial Trust Notes to the Financial Statements For the year ended 31 March 2024
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 |
2024 £ 4,635 18,658 23,293 |
2023 £ 4,437 14,029 18,466 |
|---|---|---|
3. Income earned from other activities
| Unrestricted funds Fund raising events |
2024 £ 12,948 12,948 |
2023 £ 10,800 10,800 |
|---|---|---|
4. Investment income
| Unrestricted funds Bank interest receivable |
2024 £ 909 909 |
2023 £ 15 15 |
|---|---|---|
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International Brigade Memorial Trust Notes to the Financial Statements Continued For the year ended 31 March 2024
5. Costs of charitable activities by fund type
| Unrestricted funds Charitable activities Support costs |
2024 £ 10,317 30,564 40,881 |
2023 £ 18,314 33,685 51,999 |
|---|---|---|
6. Costs of charitable activities by activity type
| Activities undertaken directly Charitable activities Support costs nalysis of support costs Support costs et income/(expenditure) for the year This is stated after charging/(crediting): Accountancy fees Staff costs Staff pension contributions |
2024 £ 38,851 2,030 40,881 2024 £ 30,564 2024 £ 1,360 18,738 295 |
2023 £ 49,813 2,186 51,999 2023 £ 33,685 2023 £ 1,360 21,777 - |
|---|---|---|
7. Analysis of support costs
8. Net income/(expenditure) for the year
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International Brigade Memorial Trust Notes to the Financial Statements Continued
For the year ended 31 March 2024
9. Staff costs and emoluments
Total staff costs for the year ended 31 March 2024 were:
| Salaries and wages Pension costs |
2024 £ 18,738 295 19,034 |
2023 £ 21,777 - 21,777 |
|---|---|---|
10. Comparative for the Statement of Financial Activities
The comparative year values on the Statement of Financial Activities are for unrestricted funds.
11. Tangible fixed assets
| Cost or valuation At 01 April 2023 At 31 March 2024 Net book values At 31 March 2024 At 31 March 2023 |
Fixtures and Fittings £ 846 846 846 |
|---|---|
| 846 |
12. Stocks and work in progress
| Stock | 2024 £ 4,643 4,643 |
2023 £ 4,818 4,818 |
|---|---|---|
13. Creditors: amounts falling due within one year
| Other creditors Accruals and deferred income |
2024 £ 86 1,000 1,086 |
2023 £ - - - |
|---|---|---|
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International Brigade Memorial Trust Notes to the Financial Statements Continued For the year ended 31 March 2024
14. Movement in funds
Unrestricted Funds
| General General Unrestricted Funds - Previous year General General |
Balance at 01/04/2023 £ 60,474 60,474 Balance at 01/04/2022 £ 83,192 83,192 |
Incoming resources £ 37,150 37,150 Incoming resources £ 29,281 29,281 |
Outgoing resources £ (40,881) (40,881) Outgoing resources £ (51,999) (51,999) |
Balance at 31/03/2024 £ 56,743 56,743 Balance at 31/03/2023 £ 60,474 60,474 |
|---|---|---|---|---|
15. 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 55,897 56,743 846 55,897 56,743 Tangible fixed assets Net current assets / (liabilities) Net Assets £ £ £ 846 59,628 60,474 846 59,628 60,474 |
|---|---|
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International Brigade Memorial Trust Detailed Statement of Financial Activities For the year ended 31 March 2024
| 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 |
£ 2024 4,635 18,658 23,293 12,948 12,948 909 909 37,150 (10,317) (10,317) (28,534) (2,030) (30,564) (40,881) (3,731) |
£ 2023 4,437 14,029 |
|---|---|---|
| 18,466 10,800 |
||
| 10,800 15 |
||
| 15 | ||
| 29,281 (18,314) |
||
| (18,314) (31,499) (2,167) |
||
| (33,685) | ||
| (51,999) (22,718) |
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This page does not form part of the statutory financial statements