Charity number: 1094928 International Brigade Memorial Trust Report of the Trustees and Unaudited Financial Statements For the year ended 31 March 2025 International Brigade Memorial Trust Contents Page For the year ended 31 March 2025 |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 2025 The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 March 2025. 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 have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'. ## **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 2024/25 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| 1 of 10 International Brigade Memorial Trust Report of the Trustees Continued For the year ended 31 March 2025 ## **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 examiner**|Sloane & Co LLP| ||Office 015| ||30 Great Guildford Street| ||Borough| ||London| ||SE1 0HS| Approved by the Board of Trustees and signed on its behalf by ............................................................................. Ms Megan Dobney Date:……………………………. 2 of 10 ## International Brigade Memorial Trust Independent Examiners Report to the Trustees For the year ended 31 March 2025 I report to the trustees on my examination of the accounts of the charity for the year ended 31 March 2025. ## **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: 1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or 2. the accounts do not accord with those records; or 3. 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 Office 015 30 Great Guildford Street Borough London SE1 0HS 3 of 10 ## International Brigade Memorial Trust Statement of Financial Activities For the year ended 31 March 2025 |**Notes**
**Income and endowments from:**
Donations and legacies
2
Fundraising 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**
**£**
23,581
8,790
880
**33,251**
(42,773)
**(42,773)**
**(9,522)**
56,742
**47,220**|**2024**
**£**
23,293
12,948
909
**37,150**
(40,881)
**(40,881)**
**(3,731)**
60,473
**56,742**| |---|---|---| 4 of 10 ## International Brigade Memorial Trust Statement of Financial Position As at 31 March 2025 |**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**|**£**
**2025**
846
**846**
3,965
43,499
**47,464**
(1,090)
**46,374**
**47,220**
**47,220**
47,220
**47,220**|**£**
**2024**
846
**846**
4,642
52,340
**56,982**
(1,086)
**55,896**
**56,742**
**56,742**
56,742
**56,742**| |---|---|---| The financial statements were approved and authorised for issue by the Board and signed on its behalf by: Megan Dobney 5 of 10 ## International Brigade Memorial Trust Notes to the Financial Statements For the year ended 31 March 2025 ## **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
**ncome earned from other activities**
**Unrestricted funds**
Fundraising events
**nvestment income**
**Unrestricted funds**
Bank interest receivable|**2025**
**£**
5,312
18,269
**23,581**
**2025**
**£**
8,790
**8,790**
**2025**
**£**
880
**880**|**2024**
**£**
4,635
18,658
**23,293**
**2024**
**£**
12,948
**12,948**
**2024**
**£**
909
**909**| |---|---|---| ## **3. Income earned from other activities** ## **4. Investment income** 6 of 10 ## International Brigade Memorial Trust Notes to the Financial Statements Continued For the year ended 31 March 2025 ## **5. Costs 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|**2025**
**£**
10,595
32,178
**42,773**
**2025**
**£**
42,036
737
**42,773**
**2025**
**£**
32,178|**2024**
**£**
10,317
30,564
**40,881**
**2024**
**£**
38,851
2,030
**40,881**
**2024**
**£**
30,564| |---|---|---| ## **6. Costs of charitable activities by activity type** ## **7. Analysis of support costs** ## **8. Net income/(expenditure) for the year** This is stated after charging/(crediting): |This is stated after charging/(crediting):||| |---|---|---| ||**2025**|**2024**| ||**£**|**£**| |Accountancy fees|2,360|1,360| |Staff costs|21,368|18,738| |Staff pension contributions|454|295| 7 of 10 ## International Brigade Memorial Trust Notes to the Financial Statements Continued ## For the year ended 31 March 2025 ## **9. Staff costs and emoluments** Total staff costs for the year ended 31 March 2025 were: |Salaries and wages
Pension costs|**2025**
**£**
21,368
454
**21,821**|**2024**
**£**
18,738
295
**19,034**| |---|---|---| ## **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 2024
At 31 March 2025
**Net book values**
At 31 March 2025
At 31 March 2024|**Fixtures and**
**Fittings**
**£**
846
**846**
**846**| |---|---| ||**846**| ## **12. Stocks and work in progress** |Stock
**Creditors: amounts falling due within one year**
Other creditors
Accruals|**2025**
**£**
3,965
**3,965**
**2025**
**£**
90
1,000
**1,090**|**2024**
**£**
4,642
**4,642**
**2024**
**£**
86
1,000
**1,086**| |---|---|---| ## **13. Creditors: amounts falling due within one year** 8 of 10 ## International Brigade Memorial Trust Notes to the Financial Statements Continued ## For the year ended 31 March 2025 ## **14. Movement in funds** ## **Unrestricted Funds** |_General_
General
**Unrestricted Funds - Previous year**
_General_
General|**Balance at**
**01/04/2024**
**£**
56,742
**56,742**
**Balance at**
**01/04/2023**
**£**
60,473
**60,473**|**Incoming**
**resources**
**£**
33,251
**33,251**
**Incoming**
**resources**
**£**
37,150
**37,150**|**Outgoing**
**resources**
**£**
(42,773)
**(42,773)**
**Outgoing**
**resources**
**£**
(40,881)
**(40,881)**|**Balance at**
**31/03/2025**
**£**
47,220
**47,220**
**Balance at**
**31/03/2024**
**£**
56,742
**56,742**| |---|---|---|---|---| ## **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
46,374
47,220
**846**
**46,374**
**47,220**
**Tangible**
**fixed assets**
**Net current**
**assets /**
**(liabilities)**
**Net Assets**
**£**
**£**
**£**
846
55,896
56,742
**846**
**55,896**
**56,742**| |---|---| 9 of 10 ## International Brigade Memorial Trust Detailed Statement of Financial Activities For the year ended 31 March 2025 |**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**|**£**
**2025**
5,312
18,269
**23,581**
8,790
**8,790**
880
**880**
**33,251**
(10,595)
**(10,595)**
(31,441)
(737)
**(32,178)**
**(42,773)**
**(9,522)**|**£**
**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)**| 10 of 10 This page does not form part of the statutory financial statements