Charlty Nttmber: IJ09753 The Burma Star Memorial Fund Annual Report And Unaudlted Financlsil Statements for the llnanclal year ended 31 March 2025
The Burma Star Memorlal Fund CONTENTS Tntee, llnd Othcr Infomwtion Trnsl¢es' R¢port Staten)et)t of Truste¢8' Responsibiliti Independeni Examiner's Reporl Sial¢m¢nt of Financial Activilies Bolance Sheet 10 Nol¢s lo Ihe Fii)?noi•l Sthiemenls
The Burma Star Memorial Fund TRUSTEES, AND OTHER INFORMATION Palr•fy HM Kin8 Charlcs111 Trugtees The Viscounl Slim Jeremy Archer Esq. Re4Lr Adtniml IRetiJrd) Chris CIBYIO Mattheiv Jame5 Williams Esq. {Resign¢d 13 Oclober20241 Vika5 Krislian Esq. Lt. Col (Rdiral Paul Mark Corden Dlycclor IlioliStaIILtOry) ma Cann Es Chirlty Number ITh EDgl#thd An41 WAI 1109753 Prlndpal Addruj 108 High Sireel Pewsey Wiltshire SN9 5AQ In41epondent ExAmlnpr Thc Alonbrookes Group L 24 Qlove Faclory SI110$ Hdt Wili$hire BA146RL United K#&) Prln¢lpAI Bwnkerg The ROYAI Bank of S¢oiland Pl¢ 49 Bi¥hupybv#l¢ Loithii EC2N 3AS SolldtgrJ Wilson L Alexaiidi• How¢ Si JolJnJ Str¢¢t Solisbury SPI 2SB
The Burma StAr Memorl%l Fund TRUSTEES, REPORT for Ihe finan¢iLI year ended 31 Mfjroh 2025 The Truslees present their Twslees, Repufl and Ihe llnaudiled fhnhncial Stsicmenls for Bumio Sitsr Meftiorial FyThl I'ih¢ Fund, or 'the ChtLiilI I for Ihe finan¢ial y¢ar endal 31 March 2025. The fin#iKial sial¢iints ure prL'pared iii aceoTd¥ncc iviih Ilie Clidriiies Aci 2011. FRS 102 "nie FiiianLial R¢pTrrtlll8 Siandard ai)plicible in the UK and Republic ot. Ireland" 8Dd Accouniitig and Reptsning by Charilie8'. Siaicmeni of Recommended Praclice applicoble to charÈlic$ i)Tcwriii¥ Ih¢iT finaTr¢tal slaiernenls in accoTdance wilh lh¢ Fin8n¢ial Reportinu SiAndArd opplicable in ihe UK Republic ol'lreland {FRS 1021. Tli¢ TSlee5, Report contai1 I1 ii)foni)hiioii rur to bc provided in the TINstccs' AnnuAI R¢pDrt undcr the St&tcmcnt of R¢¢oinmeJi(kd PraLliee ISORPI guideljiies. The Truslees of the ChaTily ore als(b chArily Iw$l¢&s r(br ihe piirpose ofclioriiy lilw al)d under th¢ Cliarity's con5tiiution are kt)own os menlbers of Ihe Bohrd of Twstt In ihiq repot1 the TTusltty ofthc Cjwity presettl u stynn¥Lry of ils pulp0. ¥nvcrnan¢e. #clivilies, achi¢vennts And fihances foi the rinan¢ial y¢ar ended 11 March 2025. Tlie Cliarity is a rc8islcrcd Charity and Al¢hough Th)1 oblig¢d to Comply witli the SINiem¢DI of R¢f on)mcndcd Prncticc applicabl¢ Iii the UK and R¢publi¢ of Ireland FRS 102. Ihe otgantsaiion h8s implenKnled reco¥Nn¢nda¢ioJkS where relevant in Ihcse fintsii¢ial gl#teEMent$. Mlislon, Objefllvu ond Sfv8ie8y ObJ¢cilves The Trnsiccs ¢onfLmi tljlll ihcy h8vc r¢f¢ttL¥J to lh¢ gu4lonc¢ coiitoiiKd iii tlic Chhrity Cominis5ion'5 8ciwrnI giiidaiieooii public benefii when r¢vi¢ivin8 the Charity's aims ond obj¢¢ii¥es •rtd iii planning fuiure llClivitie% TIIL objcc18 Ot-the Fund forlhe public benefil (1110 &dvaii¢e Ilieeduc81ionofpcople ivlio in need of finoftcikl assislanceand whoconK from Iho% Coinmonwcillh and Allied LOLlrtltie5 Ihai coniiibuted Servicemen .women 10 Ihe Bumia C8mp8i¥n. (2110 ¢slnbli8h md nininlaiji th niomorial or >m¢inoriL]s iti rcrncnibrnntt, ofihosc wh) Tvcd in CnmpAigiL lo i'clieve thosl peopl¢ Ivho 5crved bn the Bwmo CDmpRi8n Dnd their ¥pouse$ and dependents who in heed by viu¢ ul. fJiilliiLifjl hoiQ¥liip, sicknc85 or old by.. ) m•kin8 8rn111& of money 10 Ihem: ( bl prnvidiEig or pfiying for ¥OLyJ$, services or f4¢ililie5 forihem Including edu¢wlton or IToining', or cl muking granls nfmniicy lo oiher per%on.i or IM)die$ who pJDvide @)dI, seryi¢es or faeilili&i io those in nttd. 141 To establish and IMaintsiD A Iiiuseiim for the bertefLI ofilie public further adVat thc cducThli remeinbinn¢¢ aDd le¥acy or the BurmA C&nipai&in. With Chtsriiy Comii)Ission nppfoval parngraph 4 was &dd¢d during ¢li¢ y¢4hr. With fvndin8 froni The Swir¢ Cli&rilobl¢ Tnjst. we hpvc bou8ht, filled oui gnd ¢uraled exhibiiion display trailer io be ft niobile niuseurn. 11 had hvo 5u¢¢esstlJl ouliDg8 lo CIIRlke Hi$iory F¢stiv&l hlid We Hav¢ W4y8 F¢st. Th¢ niuseum will clIn¢ lo ex and be 10 the Cl)&rity's oulpLIL Th¢ Fund'5 ScholnL7hip PTogTamine £ontin1%5 and th Seholarsftidying for a PhD in Hislory al Nortl)Ll)iibri¥ UniV5)ty (5CialIS1¥ in Bunnal continuc$ iu re¢civ¢ funding. Two fufiljer a¢holts ivere p)nied in ihc ycir.. trmjih (emje Nepxlese descendants ot. BuniiJ Star imedal hold¢r5. Nitya p1) Is iyading) Laival Royal IIDllmvoy UniveThilYofLorQft 15 1 UK ciliLcn and Dr Kareen Kana o spcclfilist post-grnduAl¢ cours¢ in Adv4n¢cd Dentistry ni PortsiTh)uili, sli¢ liv¢s in Ncpol knnd 15 a strong advocfi¢c of & niiioi)Ll nlal hcolth progT#mme. Th¢sc Scholarships are fuiideil Ihrough A V¢ry 8enerous donation by Mr Sl¢ph¢h Moraiii. Durin8 tlie year Stsin Evons joined psrt4ime schol8rsiudying for ty PhD al King's Colkgc, ndn. S&m's tocvs is on the ivider role Afri¢a Cominand ployed in SUPPDrfing the 14th Am)y. which l hope5 will raiye grehltt awaren¢38 of the pNrt Africlln suldiers plsyd in Ihr carnpdign and their str¥legic irnpact on Bfiioin's global w8r el(ort. Th¢ m&inlenut)c¢ of the Biirnia Slar Grove al Ilie NaiioDI Mernori#l A]6oYeiiim coniiTru¢% lo be uithrioken Ihrougiifftil the ytllr. A nuiiibei of rcm¢mb¥ArKE adivilies w¢r¢ OTgani5cd ond 5UPPDrted durin¥ th¢ yegr. In parficular VJ Dthy at Ihe NMA and Field of R¢membrdnce und FcstiY&l of R¢nl¢rtibThc in Novcmbcr. Since Ihc Iroiisfer Dl. Ihe asse15 of The Blim Siar A&s0¢ialion fnvn l April 2020. the Fuiid ho8 cottliiiued to Larry oul ihe btTLevoltllc¢ work involved in iookiiwyllerihe veler4Ds oftlie BymiaC•npai¥n. as ivell a5 thcirwidowlow¢rs aKd depemdtiits, Ivheii iu necd. str¢¢e, Gbvirnanee #nd MaThAgennl
The Burma Star Mcmorial Fund
TRUSTEKS, REPORT
tor tlie financial year ¢nded 31 March 2025
SlnL¢tiire
The Burma SIAT Meinoiial FutKI was registered by Trnsi Deed as a charily In May 2005. T]ie Deed cslabli51)ed ihe Fund I
COllWllCmQTHtc Ilw scrvice aThJ sRcrificc of }C men W¢)n from tlic Uiiiicd Kii)gdoin, Coinnioiiivcalth Hnd Einpire and froni
Allbcd Naiions who seryed in the Burnul Carry>ai8n 1941-1945.
Tlie Tru%l¢esare Ihe primary Ilthorityol'ihe Fund wnd ateuliimlllely ir5TThsible forholding andgpplying its 155el& foi ils rh4rilable
purposes. Thc Detd piovides f(Jr A ininimutn of thre¢ Tn151. Neiv Truslees are Te¢nJi¢ed as and wlierb requiird at tlie existin
TTUStec8' discr¢lioii ivilh rel¢ren lo Iheir abilities thai ivill eThlwce Dnd fyrther the Fund's obje¢iives. All ihc pre
The Burma Star Memorial Fund TRUSTEES, REPORT ror Ihe fin8n¢ial yeaf elided 31 MaT¢h 2025 Ruulls and Dlvldeuds Ai ihc cnd ot'ihe fLJi&ncial year th¢ elbarity has Issei8 of£399.1J46 {2024- £4J9.451) and liabilitie% of£i,o(K)12024- £I.5YO). Tlie i)e¢ UslS of the charity have dECTeased by L{40.415}. Reserves Poiltlon 8ftd Pollcy Th¢ Tnisl¢C5' ini¢i)tion is to cDswc Ilwi lh¢ tcv¢l of TC5cfvcs 7b11]cd would iiicci thcir charitablc objcetivcs Li) IIIC sIrt t¢iin, and that endDwnients coll be cslAblislied for legacy 4i¥ards and scliolarghip5 Ovff tlse longer terni. Thcy piiD 10 ychieve Iliis by rebiijlihrly revi¢wiiiui and. if nCLEssary. y111g Gr•ni-Mokinui and Investtncnl Poli¢ies each year. or as 4Liid wli¢n ¢ircutnslances dictatt. The review Ih¢iT Rcsery¢% Policy ttu811y. 18kiDg inio erM$id¢ration Ihe cuiient fiD4nc&al climfile. Tk uThreslriGled l¢vel of res¢rveK at 31 March 2025 are £2K9.451. In #ccordanc¢ wilh ih¢ C¢)nsliluiion, th¢Try¢c rclirc by NI. bcing c11yibl offcr thcnwlvc¥ for rc-cl¢ction. Conipllanee wllh St¢lor-Wlde Loll$140• and St#nO4rds The charsly cnynges pm-fjclÉvely iviih l¢gi81fjiion. stsndard$ and codes whÉch are developed for the seclor. The awity $iibscribes lo ond is ¢OlDpliant ivith tho followin¥'. The Chrilies SORP (FRS 102) GrAnl-Makln8 Pollcy Those men aiid Wolne who iverc cnliiled the 'Buiii)a Star. medDI or Ilie'Pg¢ilic St8r' Ivilh 'Bumw' clfisp andlor Iheir ividows wÉdoiy¢ry llnd dep¢denl¥. #11 qualify, ¥iibjeLI lu fi1)cEal re$iri¢lions. for t¢liet' of ncLid. hardsliip DDd dislress fioni Ihe Charity. Appliciiiioi)8 4re rcfE¥red by SSAFA. RCEL. Ihe OfTicers' A0¢14110 and lJ)cal AutlLorilie8 8ft¢r Ih¢ bcntficiurics li&vc btert oisewd by 4 case%vurk¢r. Ch¢cks are made iniliolly 10 ascerlaiii ih)l an applicanl is in rweipl of all p)syible aid Ili¢ Sthle llnd Lttal AJihorily. and wr4Jorl Iroin a spou8c or children is alqo iaken inio ¢onSidernli. liive¥¢rntnt Pfjllcy PtrformAAce Tlierc were no re51fi¢iioiLS on Ihe POiV¢T of ili¢ Tntte5 to invesi ihe funds of th¢ Fund. In order 10 ¢nsure ihe Fund'8 chlriloble iyork cart coniinu¢ inett its objeciives. ¥ proportiun of 115 wir¢5tricied funds #re invemed to genei?le both incoiiir and ¢&pilal Towlh. As o resiili of ¢urreni etonomic th¢¢oTS. Ihe TNsiees •im ¢0 hoye aviilabje in cath, sufti¢ieni fiJttds thut, log¢ther wilh anlicipuled incume in &51y 6-Inoiiih pLYiod. would b¢ suFfLCLeni 10 me¢1 fincI&l commi1ml for Ihe n¢xl six Iiionths. Any c&sli, 8urplii$ lo day-10-day tequiN'mcnl& is held on d¢rx)$it. Re%er¥&$ QTe invc%ied in a Raihbones- mAged dire¢lOnry fiind. Pl#n$ for Futyre Pevlods The Churi(y is very ¢omforlAble wilh ils Iimv Ste¥l¢ plan Dnd wÈll rive to fulfil ii. IJ) th¢ next 12 mtsnih$ the ehlli'ity ivill OD VJ80 cclcbr•iions niid associai¢¢J oppgrtuiiitiC5 bnTJ lh¢ accr¢dilaiion and curdlion of a I0b)le mus¢uiiI. Tliis will hclp os a fulcn]in which the scliool$ pro8r¥mm¢ ¢un d¢velop. The full 4lr8le8y is laid oul in a dfjcurnEiII IVgblBbk 0 biochyre aiid on tlie BSMF website. Whai¢ver chan¥es are in the orrin& th¢ Trnstets fire confid¢nt thD( thc FyTrd will the¥¢ ¢halloiges and fyifil its chnrilable objectiv¢$ going forword. Th¢ Trnsi¢¢% Jioi¢ 2025 will Inark Ihc Iioili anniversary of VJ DDY wliieh 1$ vhtal iii ortithilthiing and c51ablishing how ili¢ loiig-l¢rm remenibrgnce und I¢cY of Ihe Burnw CampgiNn will pliy oul. CITcaier¢oopera1i7 iyiih oiher ve51ed Iffi51 group5 and ¢liAri¢i¢s is vital $0 a clear coh¢r¢nl find well Ihoughi out Incy¥abTe ¢&n arliculakd. In ¢ffecl VJ Day 2025 ivill be the lall chanLe to a¢hi¢v¢ Approved by the Bo4rd of Trwtets 24M91202S oll Its behglf by: Tbevlscoiintsllm Tn]5tee
The BurmY4 Star Memorial Fund STATEMENT OF TRUSTEES, RESPONSIBILITIES for Ihe finaneiul year ended 31 March 2025 'rhc'fruslcc5 ore responsibl¢ forPrnn I fitsitheial slalement% in acconjance with 8pplic8ble lawatbd re¥ulalioii8. Thelgw appliLable lo ¢hHritiu in Ettglai 8nd W*les r¢quire5 the TTuaees lo prq)are financial 5th1em•ils for each fiiianciol year Ivhich uive H Init und f41ii vieiv of Ilie 4sse15. liabiliiiex and finCIal wtsition of Ihe charity a5 at tho fin&tJcial yur eTrd d&le or ¢h¢ sijiylys or deficil ofilie Charity afid oihenvise comply wilh Ihe ChAiilies Aci 2011. In pr¢pnring thcse finttncial slat¢menls. Ihe Tntstets ar¢ r¢quir¢d io= sclcci suithble accouhiing poli¢i¢s and apply them collsisienily- ni&ke judg¢i)ienly aiid a0vling¢s1lrnBb thai ar¢ reabonxble pn¢1. stat¢ wl)ether ¢he finAn¢iAI swi¢meli hove been ppared in a¢cordDnce wilh applicable accounling slandaYd8. idcnlify thDSC st4iidards. aimi nolc the ¢llecl AE)d the reu50n5 foT any iiiateri#l deparfure from Ihtsse sland8rds.' and ep&re Ilie finaiicial stateiiwthts on the going COiiCCLn baqis wiltss il is inwioprLaie ts] pnIc thai the Charily wlll continue in operation. The Trus1$ ¢onfinn that Iliey have Complied wilh Ihe abov¢ requÉretnEnis in preparing tho finDn¢ipl stalcmcnis. TheTrustee88re ruponsibleforkeepinB&dequkteacuniniing r¢cordsihatHrc suffieieni io$knwhndexpliiN Ih¢CknrstyB transaelions lid disclo with r¢8sonable xl any iimc Ihc finthth¢ial posiiioi) of th¥ Ch8Tity ond ¢t)abl¢ thcii) lo cnsurc tljllt the fin¥nci#l 8IIiEn)ents eoniply ivill) the Charitie5 Acl 2011. They &150 respojtsihle for safeguarding the ets ol. Ili¢ Ch'Ity and li¢n¢¢ for takirt¥ reonAbl£ st¢P8 for Ihe prevention 8ttd detec11( of frnud and her irte¥ularilleS. Appruved by the B04rd of Tff uitees 24109n025 gnd slgned on 1¢$ btliAI( bv: TheVlJ¢ouniSllm
The Burma Stydr Memorial Fund ILYDLI PENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF THE BURMA STAR MEMORIAL FUND I IIRve aMIned the financial slatemenis of ihe charity foT Ilje financial year ended 31 March 2025, which comprise Ihe Sigt¢m¢nl oIFknallcial Activilies, lh¢ B81$u¢ Sheel aiKI th¢ felied noies. Thiy pOrt 15 niadc sol¢ly lo ilic chariry's m¢inb¢Ys. 85 a bThly, in d¢coEYlaiicc Ivitb s¢clioLi 145 of Ihc Cli4ritics Act 2011. My work lias beeii uiideilaken so Ihai I mi8hl coinpilc die financial siai¢ments illat I have been engaged io compile. repolt lo tlie Bollid or Truslee5 Iliat I hAve done so. utKI slat6 Ihose Inaiierll ihai I have 8&reed to state 10 ¢heiiJ in thi5 reFK>n ai)d for no otlier PUryKI. To Iho fullt Exlenl peimitied by law. I do not aceepl or assknme res5&bill1y anyone oilier ihan the charity 8nd the cl)ariils mei)Ibe¥s. a body, Ior Iiiy WnTk. or for this r¢brt. R¢spttllve Yesponslbllltleg of Irustotx And exthlner The chthrity'¥ trustc¢s air Tcspon¥iblc ftsr t1 prcparulion of tlic fiThaiictral s1?t¢nniS in aCCOTdai)L¢ with the rcquir¢meiil& of ihc Charilics Acl 2Ql l. T] charily'4 Iiv5te¢& ¢oiisidtT Ili¥l an audii reqlre fur ihi8 finDncial yeaT under S(110 145 of the Ch#rili¢s Act 2011 and ih81 an independrni exii)inalion 15 requid. 11 is my iYBP)nsihilily to.. eKainiiit Ihe fininciul gtatemen15 under ÉeL'lion 145 of Ilie A¢1: lolltsw lh¢ proctdures laid dowii by The gener81 Directions given by thc amrity Ccmtni55ion under 5e¢iion 145{5) of the Cligritics Acl 2011- state wheilier particulor matlern have¢¢ to my attention. Bosli of liideptndent rxnilner'i report My exhminalion wus ¢otried out in OCCnTdHllrr wilh ihe genernl DiTeclions given by I Charity Comin110n. An examination iriclMde% fj Teview ofihe d¢eouniin8 reeord$ kept by the cknrity and a Compirisoii of Iht fJn&i)Lial 8iaiem¢ni& presented wilh Ihose recoTd$. 11 also in¢lude8 considerolion ofaiiy unusual it¢n)s ordis¢losures in Uie financisl stal¢iiieThts hnd seekin eKpIHnations from Ihe InJ%tees cojicerning ony su¢li in•ll¢rs. Tbc piocedutts Underthkeii do not provide all the ¢vid¢nce Ihai would be regiiired in An oudit and Lot)8equenlly iiovpinson 18 given io wheiherihc xcounts presenl a'twe and foir, vi¢w artd the report ia limitcd ihos¢ miiter5 $¢1 ou¢ iii tho stateintiii bclow. Independenl CXAmlhev'$ stotement In conncciioii ii'iih my exaniinolinn. no mailer h&s come lo ¥ny aiieniion whi¢h 8ives mc c4use 10 believe th81 ID. #rty material r¢specl.' accoiiniit)g rword8 were nol kw in llccQTd•c wilh Mlion130 vfihe Choriti&% Aei 2011 th¢ fiiilliicial $lal¢m¢Dis do nol A¢COTd wilh ihose ¢011¥ Trfords the fii)anciil s¢nt¢mcnts do Iiot Comply wilh Ihe Kcounlins Ttquit¢ftKnts of ihc Cl)arIti Act Ihe finlliicial slol¢nienls huvc not beep PT¢pored In 10ce wilh lh¢ SIAl¢menl of Recommcndcd Proclic¢ llpplicable 10 ¢h&rilic¥ wcp41ring Ih¢ir a¢counl8 in acCoAnc¢ wilh thc financial Rcporting Stsndanl appliuble in lh¢ UK al R¢public of Ir¢lnd IFRS102) Ilier¢ is fvrtlier infomwlityj needed forfv unthrstDnding of th¢ rKcounts ¢0 b¢ r¢oched. I hav¢ no ¢oncerns And hovc ¢ome thcross no other mttikts in conneclion iviih Ili¢ ¢xaminalioii lo ivhich amenlion should be dTIWII in Ihii report ID ord¢1 io enable i prop¢r iind¢rstsndkns olthe finwKial At¢lniS to b¢ reoched. Aiidrtw fi% THE ALAT¥BROOKCI S GROUP L1TI 24 Glo.¢ Factory smdios Wilishirc BA146RI. United Kingthn
The Burmg Star Memorial FuDd STATEMENT OF FINANCIAL ACTtVlTIES for the fmanciai y¢ar¢tsded 31 Mar¢h 2025 Unresti'lct Restrleled Fuiids 2q25 Tol41 Unre[led Funds 21125 R6Stricted Total Fuiid5 2024 2025 2024 2024 Noies Income Voluntary Ineome Acliyilies for re1}erlIng fuThJs Investmffl) 41.247 5•,YMI 91.747 79.154 1,350 9.883 78.000 157.154 lJ50 9.883 15.737 1&737 Total Incoine 56,984 50JOO 107JH4 IXI.3B7 7X.(KM) 16¥ J87 Expondlture RaiBing IIErtds Cliorilable xiiviti 4&1 1SJ78 133,997 10,972 07.078 10,972 97,552 91.4 41502 30,474 Tot#1 Expendllure 101873 42,502 149J75 78.050 30,474 108,524 IY¢l IntomdlexpeTrdllurel before excep¢lonAI Ilemi Exceplioiiol iiems (49J¥91 7,998 {41W911 12.337 47,526 59,863 1876 IA76 13205 13,205 N¢t Incomel(t%p¢ndlliirel After ¢xc¢pllottal Ittmi (4&413) 7,998 140AIS) 25.542 47,526 73,068 I'¥onslers bemii funds {5ffj74) S674 Ntt movemeD¢ In (uTrds (or ¢IIL fln&nclal yer 154,0871 13.672 14D,415} 25,542 47,526 73,Q68 Roeonelllatlon olf•JiiOI: Toiil fid9 b¢ginnln¥ of ihe yE8r 343J38 94J23 43706A J17,996 46.797 364.793 Total fundi It the end of lh¢ yer Z89,451 107,99S 397846 J43,538 94,323 437.861 Thc Siai¥m'nl of FinanLial Aclivilies itKlud¢5 fj11 gains gnd105ycy rc¢ogmixd itt lh¢ finatt¢i&l ycor. All inwme ¥nd expendiliire r¢lote lo ¢on¢imiing a¢liYilies. Ther¢$0 pgg¢s 11 16 fomip¥rt of I financ1 31¥015
The Burma Star Memor121 Fund BALANCE SHEET as 4t 31 March 2025 2025 2024 Noles Flxed Assels Tungible SE1 Inve&tn)cnls 2.981 253.7117 3,975 222.296 2S6,768 226271 Curronl A55cI$ Ca%h al bunk ID hand 142.27A 21.1.180 Credltori: Amount5 fall1# due whhlH oxe yeAr (1.600) {1,5YO) Ntt Cvrrent Asxtls 140th78 211,590 Totthl A9sets lem Cwrrtt Llibllltl 397.446 437,861 Funds R¢%tri¢led In15t fimd¥ General fund I151¢¥tl 107.99S 94,323 343,5311 TotAI fynd 13 397.446 437,¥61 Tli¢ finNncial $iat¢n)enis have prepared in aecordan¢e wilh ihe provisithis applicable 10 ¢ompanie5 subject io ihe sniall conip8nies' regime aiid in attordancc wilh FRS 102 "The Financial Reporfing Siandard api)lirable in Ilie UK and RepbI]e or Ir¥lond" opplyin¥ Scclioi) IA of thai Stsndard. Apprvytd by the Bfjard of Tr•iiees Ad aTAthoYld forlgiue on 2k 4Thd ilEthed Ils behAI(by The V15count Sllm Triu¢c¢ IT Miestyipagts 1119 16 forninr the finlliiGil 8lknJLq io
The Burma Star Memorlal Fund NOTES TO THE FINANCIAL STATEMENTS fortljc fiiilln¢ial yegr andcd 31 Mor¢h 2025 GENERAL INFORMATtON Tlie Burma StsT Mcii)DTial Fund is a charily iDcotp)raled In EiigluEMI.Tlie re8islereit office of ihc Chyrity is loo High Slreel. Pews¢y, Ivhicli 18 a150 111¢ principal place or th1¢8¢ of thc aiariiy. 11ie finaEKial slal¢ii)enis have been pr¢seni¢d in Pound {£) wbich 18 0180 the fullciional CUTr¢ncyof thc CIL8rity. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Thr followin&i J¢couniiiik polici hav¢ I1 i]4)li¢d cokL%iyt¢nily ill dculing with ilcLn4 which aTC considcrcd mulcriul i re181ion to the Cliarily's finTrn¢ial nIcentS. BAil8 (•(preparallo Thc fiaAocial siilwiieTrl5 have been weparcd on ikne going corLCern basis under the hisloriral cos1 convenliott, modified to include c¢noin ilelli% ai flir vAlu¢. The fin8ncibl iaiemenls have been prepRred in a¢codl¢¢ iviih the 8i&iemcnl ot Rtcomin¢i)ded Practice ISORPI "At¢ounling and Rcputling by ChaTlti¢s pr¢pariii8 11?eir acc()unts in aceoTJonce wilh the FinfyiiGiul RcportLIL8 Staiidardapplicablc irh the UK aiid R¢publhcof Iwlyiid FKS 102'.upplyin8 Sc¢tioii IAof Ihatsluiidard. A¥ pcmiincd by lh¢ Comyanits A¢1 2¢)06. the ClihTiry hw¥ VRried Ihc siandfftrd famihl$ in ihai dcl for tlio SiaieAnent of FinanciHI A¢iivhiie8 and the Btslance Shcei. Deporfures froiK ihe 5tartdard formts &re Io Climply with Ilic TLquiremenls or the Ch111¢$ SORP and bre iii complin1 wilh seelton 4.7. 10.6 ld 15.2 of thal SORP. stat¢mcntT ¢ompllance The finnncial slal¢Dicn15 of the chDrity forthe fin&nciol Yeartyed 31 Mor¢l) 2025 liavcbceii pr¢pad on the Éoingconceni bpsis and in accoTdDhice ivilli lh¢ StslWI)enl of Recomiwnded Prn¢ii¢e ISORPI 'Acc()unling and R¢pDi1ifftg by Chorilies pr¢piiTinJs ihcir a¢Lounls in accordan¢c with Ihc FinAi*ial R¢porling Stsiidard 4)plicablc iii tlic UK al Rtpublie of Irel4iid FRS 102". applying Se¢lion l A of that Sthndord.
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IILe folloivin¥ the col¢JJoriesoffknnd¥ mainrnined,. REStrlcttd fuwd5 Rostrictcd fuiidy r¢prc%nt income rel1y¢d which }lY b¢ tss¢d fof parfiLuloT purpoiu, 5pKified by t1 doiioiy. Such purpose% ar¢ wiiliin ilw ovcrnll objeclbves ofilK charity. UnreitrlctEd Unrestriaed fuiid$ coll$ibl ofGcnml and D¢si8nRted funds. - General lunds r¢prwnl imounls which are expendable 81 ihe di8¢relioii of tk b¢Jard, in fvitherartce of the objectlves OF Itke ¢lwrity. Designaled funds comprise unreslricied funds th41 Ihc toHrd ha$1 l yls dIsL110n, sel tLside forpftTticul&r pvrp05es. Tlies¢ de¥ibTn81ions liuve ai) JdmiThislralivc purpo¥c only. and do nol Ir¥illy re¥lTlCt the boards discintion 10 apply tlic fiind. In¢ome lrtcoine bs re¢oitDLyed by incltysion in Ihe SthieTncnt of Fina187 Aciivitse5 01?ly wlien the Charity is le¥Mlly ¢ntiil¢d to the inconie, performance corLdilioii% tsit4c1d lo the il¢Trf51 of inconic hav¢ been mel. th¢ anu18 involvrd ¢•n b¢ measurcd with suificienl r¢liBbility and it is probJbl¢ Ihal tlie ineom¢ ivill be Teceivcd by lh¢ charity. loeome from ehArll•blo a¢llvltle5 liwom¢ fv)m ¢harhtablc aciiyili¢s iM¢ludc irtcome eaff*d trom ih¢ Supply of scrvic¢s und¢r eontrnciual 8rrnnbteineTrts ui)d fr pcrfomiante relaleil grJnt5 which have condilionq ihal specify lh¢ PLDVLyion of pHrtiGular service5 lo be kvovided by th¢ Churity. In¢omc froiji gov¥'rnm¢iht oihcr co-fvnd¢r% is recowiis¢d wlicn thc CII#Liry is l¢btJd Ily ciillilcd to th¢ incoinc becau5E il is luifilling Ilie condiiions coiilaiiied in lh¢ rel8ted fur18 ogr¥Ymei)Is. Where Th grant is received iii advllnce. 115 recoLYnilion i& deferred irynd in¢ludcd in crcdiiors. Wliere cniiilumil occur5 before in¢oine is received, it is uecrued iii dcbiorb. Gran18 froJt] govemments atld ¢OThfvndcrA typically iNclEKle one of Ihe fou01ng lype$ of ¢ondilion¥'. Pcrfoniiai)c¢ b8scd condilion8.' whcreby Ihe ChRrity ts ContMIN11Y cnlitlcd lo ftindiDg ojily to Ilie oxtcnl that thc corc obj¢rlives of Ihe gra5]l Yement arc ach1¢td. Ilie ChBriiy is 1Ce¢ln the Core objectives of a yi?iil agmll¢nt, il recobinisu Ihe related expe]ulitur¢. lo ihe exlcnt ihal it is reimbursable by the dorK)l. JS inwne. -Tiinc-haxed ¢ondilions'. whff¢lJy the Cbariiy 1$ conlracitially ¢thliil¢d lo fundinu on the condition ih81 il iy ul111$ in rYdrli¢ular ri0. In the ca5e& Ihe Clwyily iecogntses Ihc Incon 10 Ihc exl¢iil it i& iiiili%cd within the period spccified in Ihe Hgreemenl. li
conlinucd The Burma Star Memorial Fund NOTES TO THEI FINANCIAL STATEMENTS ror ib¢ finartcial year C ded 31 March 2025 In th¢ &bs¢ncc of such ¢ondili(MkS. i5siiming tl)at rccctpt is prob&blcLnd thc smount catt bc rcliably mcèsiired. graiit ineom¢ is Ye¢L)gniscd once Ihe Charity is nolified of enliilemc4bl. Cirnnls recLivcd InivBds capital ¢xpendilur£ are crediiejl lo the Stal¢m¢ni of Financitil AdiviLics when received or receivabl¢, whichever is earlter. EAp¢ll51YC CxpLndiiure is analy5ed hclW¢th) <0$15 of ch•itsbl¢ Bctiviiies Qnd raising flind5. Thc c0515 of each activity Are sepaTiilely u¢cumul4l¢d and disc1. aiialysed according to their iiwjorcthiwontyiis. Expendittirc is QgnISed wh¢ii A legnl or conslruciive obli¥alion cxisis a Tesyli of o pgsl evenl. ll Iranifer ot'cconomic b¢ncfil8 is required in seiileniEnl #nd Ihv uiii ofthi obligiAlion bc rcliably mcasur¢d. Support ¢o¥lS are Ih05c fuiicliolls Il)at a55lSt th¢ ivork of Il)c Clltsrity but cnnnot be allribuied lu Me aelivity. Such co$ ar¢ lllbacaled 10 activities in propoilion In stoff time speDI or odier Sitable rncasurc foi eo¢11 A¢iivity. TaftElble flxtd Asieti #nd dtpreclatlo Tanuiblc flxed rlssels llre slaled ot ¢osl or ai valualioTr. Icx5 Ac¢ui))uialed depff¢ioiion. The ¢1105¢ lo deprc¢yation 15 nltLIIRted ¢0 WTil¢ oft the origioal cost or VA110n of Ihtbgibk fix¢d Le ih¢ir esiimaied r¢3idiiRI VfLIu& OV¢T Ilwir ¢xpecled u%cful Iiv¢s a5 follows.. Plfjnl ad inachincry 25°A Redii¢iny bol8nc¢ Investiiiellla Invcsimeni$ ljeld as fixed a8¥e18 ur¢ statcd li COA less provision for8rty pertna1nl diminutioii in valve. Income from oihei fiiiancial f¢ ll&1 invcsimcnis lobiothtt with 4ny rclDlrd tax ¢rrylil is rc¢ognised irt th¢ profil gnd Ios5 llrcount in th¢ riEwi¢ial year in iyhicli il IS Llceivible. Cash èi bAnk iad In l)aNd C&ih ot baiik in hthjd conwrk8es cash on d¢posii ai bmks requiring kss thin Ihree nwnihF Doiice of withdMwAI. TAxAtlon INC.OME DONATIONS AND LEGACI Unrejlrltied Furtdi Rejtrbcted Fund• 2025 2024 Dottalions And 8fiuiis LegclES & b¢qw71 ix#o¢y - Educational •waY LL'sacy. Edu¢wion 36,777 4.470 I3.0(1 49,777 4.470 30.00 7JOO 73,571 16,083 (,000 7,500 7,500 41,247 soJoD 91,747 157,1.54 OTHER TRADING AcfiviTIES Unr¢Btdcted Funds Reslrl¢l Fun ZQ25 2024 Buok Qnd tnemorxbiliA sal&8 1.351) INVESTMEwrs Unreilrkted Funds ResiTlcttd 2025 2024 In¢ome IEceivAble from Inv¢ineLg 4nk dep051t ini¢¥esi trcciyable 14,0 1.048 14,689 1,048 6,975 2,908 15.737 15,737 9,883 12
contiiiued The Burma Star Memorial Fund NOTES TO THF FINANCIAL STATEMENTS ror lh¢ fsEianciol yeor cnded 31 MaTch 2025 ENPEP4DrruRE RAJSINC. IFUNI)S Dlre CD5ts Other Costs Supyort Co$ls 2025 2024 lJ]v%sirnersl mtsnoBemeLiI f% Externthl ¢i¥nsiiltslllb' fecs athd expen¥es 465 14,91.1 315 10,657 14,91J 15J78 1SJ79 10.972 CHARITABLE Acrivi'i'iEs Dlretl Costs Other Cosis Support Costs 2025 2024 Book$. op¢ning 5tLKk Bouk purLha8¥'¥ in ycJr Direct CObl8 of aclivili&% and events Ben¢vol¢iitt grant8 lliid binhdays Eduiaiioiial l)I0bIpl DcpreLialion Exlcriial consulionls, lees aiid cypensts Rtfil ond s¢rvi¢¢ charge5 IL15UIWIC¢ Printing, pos188e and siai Websile aiyl compuier co48 Siindry eypejises Bailk ¢hoi%¢& &nd inietrAt Advcrti$iii Musevin 8ener&l runNing ¢wls Festivil fvnd museubm dinci c051S ie eycnts Goircmanc¢ Costs (Noic 4.31 I,OCKJ 406 6,46U 9,09¥ 21,1158 1,325 37,251 4,050 385 J85 12J44 10,1176 26.938 10,1176 26.9.18 S3.3YO 6.61JlJ 53,390 6.6011 121 105 4,283 2.755 85 71M 2J07 3ffj71 105 4283 516 4.085 4.363 47 704 Za07 Jh71 9,039 9039 7,003 54323 79,774 133,997 97.552 4J GOVERNANCW COSTS Dlrecl Cwts Otht Cosls SuppoTI Co 2025 2024 A¢LI)untancy Emlemal consultants, fe¢$ and cxpcn5eS I,S82 7,4S7 1,582 7,4S7 1.674 3.-129 9,039 9W39 7.003 4A SUPPORT COSTS Cost uf Charit&ble G•werngDcE Acdvlrtes Costi 2025 2024 S4ippoTI 15J711 711735 9,039 95,152 98.851 P4ET INCOME 2025 2024 Net InMe is 114ted gfter thxr8lttgl(ered5tlsJ. DeprecialioA of langible llsse15 1,325 AJ
¢onttnucd The Burma Star Memorlal Fund NOTES TO THE FINANCIAL STATEMENTS for ih¢ fin&ncial yeai cnded 31 March 2025 INVgSTMFNT ANDOTIIER INCOME 21125 2024 Bank iniere Invesl]nenl income I,(J48 14 2.908 6.975 IS,737 9,883 TANGIBLE FIXKD ASSETS Pl%MI nd mR¢hlnery TolHI C05t Al 31 M4r¢h 2U25 5,300 5,300 D¢prerlArfon At l April 2024 Cliarg¢ for Ihc fliiancial r 1.325 1.325 Ai J l Mnrtli 2Q25 2,319 2.319 Nt¢ book value Ai 31 Marcli 2025 1981 2.981 A¢ 31 Mureh 202 3.975 3.97.5 INV&STms Olli¢r Inyeglments Totul Iiive$tniea¢i Cwt At l April 2024 Addilinns R¢vuluqiioll5 222.296 30,015 1.47th 222.296 30.013 1.476 Al 31 March 2025 253,7h7 253.787 Net bo•k vnlue At 31 March 2025 253,787 253,787 Ai JI Mnr¢h 2024 22•.296 222,?96 Ll8led InvestTels inAly81$ 2025 2024 Market VAliie of Invcstsnrthls Cash hcld by portfollo 2S3.407 221.931 365 251.7117 222.296 Hlstoi'le oost of Invesimemls 2025 2024 HisLoriL ea 198261 168,26? 14
continu1 Tlie Burma Star Memorial Fund NOTES TO THE FINANCIAL STATEMENTS ror Ihe financial y¢arcnded 31 Marcli 2025 11. CREDIT()RS AmouDts falllng ivllhln yfAr 2025 2024 Ac¢ruals artd defeed ithfDm¢ 1,600 1.590 12. RESERVES 2025 2024 At the be]1 of lh¢ ye4r IDefi¢ily3urplii% for lh¢ financifjl ye 437,861 (40,415> 364,793 73.068 A¢ the rnd of the ye 397,44fi 437.861 13, 13.1 FUNDS REI CONCILIATION OF MOVEMKNT IN FUNDS Unrtstrldtd Fund$ R¢strbct¢d Fundi Totol Ai l April 2023 Movcinciil durin& t. finaLici81 r 317.996 25,542 46.797 47,526 364,793 73,068 At 31 M#r¢h 2024 Movemeiitduring Ihe finoncial ye4r 343,538 (44,087) Y4.323 13.672 437,861 {4U.4151 Al 31 Mirch 2025 I.451 ID7.995 397,446 13.2 ANALYSISOFMOVEMENTSON FUNDS Blonce l Aprll 2•24 In¢ornt ExptAdlture Tr•nsfon lJi¢¥Vte fyndl Bilan¢e 31 MArch 1025 ReJlrlctTd fuThd5 Burnia Siar Grove Burin4 Siur.4eholar114 S¢liular5hip #nd EdvcalionAI Biirmo Star S¢lJo19T3 # 5 6 D¢nevoleacc lor Veieran5 Hi¥lory Festbvtsl$ 8iKI MuyJm Trnilcr Dftrne Vern Lym) Aw ?5.0(X) 13.B71 I7.5) 3h,550 1,402 25.0(KJ 5.945 23,032 20,700 7,926 1,968 15.8SO 10.076 6.682 7JOO 5,674 10,U(KJ 3J18 Jo.0 30,(K)O 94 J23 50,SC(I 42,50Z 5.674 107,995 Unrt$trl¢¢ed fuffid Unreslrickd (knml 343.53R 58.4 10fi,1173 {5,674} 289,451 Tot*1 funds 4.17061 IOB.9611 149,375 397,440 14. PURPOSE OF RLYTRICTED FVNDS Bliria Swr Grove DonolÈoits ieceived 5pecifieglly loivards thc fum c05t$ ofmgintainiDg I1 gtouThJ$ around the Grove ol tht N&lional Meinoriul Arborettin). Bllrn SINT ScIlIr # 4 A dolltIOn of £36.000 wths r¢ccivcd ill YCrI0 31 M¥tcli 2023 froni Ib¢ JLlni¢s & Dcirdrc Dyson Trust sp¢¢if&c#lly loivaith tht fulwyeducalaonol and spon50r.ship ¢osts ofihc Bunna SIOT ScholllL' 14. Burmll Siar ScholaF5 4 5 & 6 15
eonlinucd The Burma tgr Memorial Fund NOTES TO THE FINANCIAL STATEMKNTS ror lh¢ fiijanciol y¢arende(131 March 2025 A donation ot £50.000 W£1S Lrrciv¢d in ycar froni Si¢ph¢D Mornnt Splf5c8l]Y towords (he fuN¥¢ cdue&iioMI and sponsotship cosls of Ilie Burma Sthr S¢hulors # 5 #6. Scliolarship4 and FAuc8tional A riirthoi" grant of L7.500 rcteiyed in the yeAr Irorn The Peter s1omi011 Dhrling to bB used for educatio1[ purposes. Bcncvolciicc for V¢icraN3 A dotiaiion ot'£2.IXIU iV#lp r¢etivcd in ih¢ year fvom Thc Hedlcy Foundation iogether with o grarbl froii) WoDdLDff¢ B¢nloti Fouiidatioii of LI.{ lo be drdwn spccifically towJrds tlic coyls of bri)¢vol¢rKC &Trnlli$ disbiiiryd vc¢cvdii'y birthdays. Hir¢lory Fe81ivals and MLLvum Trailer A grani of £10,000 iva5 Tec¢ived Ilie year from The Swire Charitable Tmst 10 b¢ drnwn sp¢cifically aywiii$i ihe cwls reloling to Ihe sel up and exp¢ns¢s ot Nniiing the mus¢wii Irlliler. Duiii¢ VCLW Lynn Aiv4Lrd A grBnt of a £30,UOU cthii?liono1 award from Th¢ Dan Vcrn Lynii Tharily e1ved th¥ year. Thig is Used forAwards grontwj by the Chority, cominwKiihbi July 2025. 14.1 ANALYSI?> OF NET ASSETS BY FIJND FI¥1 sset$ - eb#rliy •5¢ Curi'tnt sy¢ts Cllrrent Iltshllllles Totsl llxed RerIckd fim 107.364 107,364 Unttsiricled neral fiuKIs 2.9¥1 253.7¥7 34.914 {1,600) 290.0¥2 l981 142278 11.61)01 397,446 15. RELATCI D PARTY TRANSACTIONS None ol Ilio Truyiees receiv any MD¢r10Th or TeimbutsenKnl of cxpM5¢s durin&b Ilie year12024- Inil). DurinK (lie YUT. thc Churily ivos eh8r¥ed I20.49112Q24 114.0351 for exi¢mal consultsn¢y fees ladminislrtsiiv¢ support) aNI expcnses by CU2 Limiied. i ¢ompoDy ill ivhicli Mk Carlli is a dircclor asid E CBnn. wlf¢ ofmark Co). is also director and the IHily shtsreholder. 1li¢re no omouttis Outstsnding &t lh¢ year end {2024 - £nill. During the yellr, the Chllrily was ch4r8ed £46.92412024- £33.(K12} ror exlemal con$uliancy fees Ichuriiy Inan88em¢nl> nd expL'n¥es by Ch4¥iAdmin Ltd. a wrnpany to whtch Mark Cann, alonbT¥ide his wife, Mr8 E Cann, Jr¢ th¢ only direclor& and Shareholders. TheK were no Anwjunts oulslaThlin8ai ilia yeLT end12024- Lnil). During Ihe yeor, th¢ Charity w&8 ¢haTged £6,600 12024 £4.lJ501 for affjce r¢ni fthd ullllii¢% by the Brilith For¢e8 Fovndalion. o Charity in which MaTk Cinn holds th¢ role ol c.bief ExEciiliwE. There wer¢ no al)unIs ou151RtdinM at lh¢ yea¥-end12024- Inili. 16. VOST-BALANCK SHEET EVENrs Th¢w have b¢eD no signif81 tvalls 4lY¢clin8 IIK. CTh&rity sinc¢ ihe finartri•l yur end. 16