Docusign Envelope ID.. 46767161-3BE84124-95A24903997E1 D7B THE WARRIOR PROGRAMME Financial Statements of the year ended 31 March 2024 Charity number 1120893 Company registration number 06263721
Docusign Envelope ID.. 46787181-3BE84124-95A2-4903997E1 D7B THE WARRIOR PROGRAMME CONTENTS Page Reference and administrative details Report of the trustees Independent auditor's report 16 Statement of fina ncial activities (including income and expenditure account) 19 Balance sheet 20 Notes to the financial statements 22
Docusign Envelope ID.. 46767161-3BEU124-9SA2-4903997E1D7B THE WARRIOR PROGRAMME MEMBERS OF THE BOARD AND PROFESSIONAL ADVISERS Registered charlty name The Warrior Programme Charity number 1120893 Company reglsfration numbei 06263721 Pilnclpal office First Floor l Thorpe Close London WIO 5XL Reglstered office Quadrant House Floor 6 4 Thomas More Square London Elw IYW Trustees J Newstead - Chair D Rutter- Vice Chair (Resigned l October 20241 C Smith Prof Andy Bacon Prof Paul Faffand IAppointed l May 20231 Angus Slater IAppointed 25 September 20241 Kauser Hu5sain (Appointed 25 September 20241 Malcolm Lowe-Lauri (Appointed 25 September 20241 Chlef Execullve Offlcer C Cole Independent audltoi UHY Hacker Young 4 Thomas More Square London Elw IYW Bankers TSB Bank Market Square Somerton Somerset Solicitors Dentons UK LLP One Fleet Place London EC4M 7WS
Docusign Envelope ID.. 46767161_3BE84124-95A2.4903997E1 D7B TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2024 The Trustees, who are also directors for the purposes of company law. have pleasure in presenting their report and the audifed financial statements of the charity for the year ended 31 Morch 2024. REFERENCE AND ADMINISTRATIVE DETAILS Reference and administrative details are shown in the schedule of member5 of the board and professional advisers on page l of the financial statements. THE TRUSTEES The trustees who served the charity during the period were as follows: J Newstead- Chair D Rutter- Wice Chair Professor Andy Bacon Professor Paul FatTand (Appointed l May 20231 C Smith STRUCTURE, GOVERNANCE AND MANAGEMENT Govemlng Document The organisation is a charitable company limited by guarantee, incorporated on 30 May 2007 and registered as a charity. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Aificles of A550ciation. In the event of the company being wound up members are required to contribute an amount not exceeding £1. Recrultment and Appointment of Trustees The directors of the company are also charity trustees for the purposes of charity lawand under the company'5 Articles are known a5 Members. Under the requirements of the Memorandum and Articles of Association there is a Founder Member who is elected to serve for life and at least Iwo additional members who are elected to serve for a fixed term of up to three years. There is no limit on the ability to re-elect any trustee for a further fixed term. In order to build a broad skn11 mix, members of the Board of Trustees have been recruited from a wde range of relevant backgrounds. This includes extensive experience of working in the not for profit sector with disadvantaged individuals, the military, operational and business experience, accountancy, legal and professional services, people development. marketing, fundraising and academia. We are delighted that Professor Paul Farrand joined the Board during the year. Paul is Professor of Evidence bosed Psychological Praclice and Research. and Director of the Low-lntensity Cognitive Behavioural Therapy portfolio wthin Clinical Education. Development and Research ICEDARI, Psychology, University of Exeter. Paul also holds several Expert Advi50r positions. including for the NHS Talking Therapies.. Anxiety and Depression programme. Psychological P ri ri
Oocusign Envelope ID.. 46767181_3BE84124_95A24903997E1 D78 TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2024 Practice in Physical Health Care and National Institute of Health and Care Excellence INICEI Medical Technology Advisory Group. Paul's knoedge and experience is invaluable as we progress our partnership worng wth the NHS and continue to develop our evaluation metrics and proce55. In order to ensure that the skill mix of the Board conthnues to meet the strategic requirements of the charity the Board conducted a review of the expertise and experience the charitywould need to achieve its objectives and identified key areas where additional skill sets were required. As a result of this review the Board sought applications from a broad range of backgrounds, particularly focusing on individuals who could sUPPOrt the charity in developing sustainable funding. We had a very positive response and are delighted that as a resultwe offered three individuals the posltion of Trustee, which they have accepted. Angus Slater is a senior executhve with nearly 30 years, experience across management consulting, mobile telecoms and healthcare. As Managing Director for Bupa, Angus set up an internal employee assistance programme to help his staff with a range of issues, including mentol health, physical health and financial worries. He also designed a 'fvorkplace health service to provide confidential support. advice, and counselling for personal and work-related issues for employees of his enterprise clients. Angus is certified in mental health first aid and Seed in the Territorial Army for 5 years. Malcolm Lowe-Lauri has spent the last 45 years working for or wth health services. He has a particular focus on partnerships between the NHS, academic institutions. industry and health charities. He is similady interested in how the NHS creates and sustains the delivery models and ttie workforce of toMoow. Kauser Hussain is a senior leader at Flow Neuroscience, she is a scientist by background with over 13 years, experience within the biotechnology and health innovation field. She is passionate obout innovation in mental health and committed to raising awareness. Responsible for overseeing business development for the UK and International markets, and roll out to partners in the Middle East, Asia and Europe. She has designed and managed campaigns to raise awareness around depression and mental health for large retailers like Boots as well as clinics and healthcare organisations in Europe. She believes that we can use innovative program5 and techniques to improve mental health for everyone. Rlsk Management and Governance The Board of Trustees meets regulady, at least four times a year, to assess the progress of the charity and review the major risks to which the charity is exposed. The trustees review the frequency of these meeting ond increase ttie frequency where necessary. Where appropriate specialist advice is sought and professional support brought in to reinforce the work of the charity and to safeguard its operations. The Board regularly reviews performance against the good governance code and implements improvements where necessary to ensure compliance with best practice. We are in the PacJe | 3
Docusign Envelope ID.. 46767161-3BE84124-95A24903997E1D7B TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2024 process or electing a new Vice Chair and a formal one to one review process for individual trustees. Warrior is an active member of Cobseo. The Confederation of British Service Charities. Within Cobseo we are members of the Employment. Female Veterans and Criminal Justice Cluster Groups, identifying and promoting best practice and ensuring effective partnership working between member charities and related organisations. We were part of the Cobseo Governance Working Group, tasked wth developing a Board Governance assessment tool, setting out a minimum set of expectations that Member organisations should aspire to achieve and we continue to implement this as part of our ongoing review of good governance. Our aim is to recruit diverse individuals and to address any imbalances or skill shortages that we have identified. The charify works closely with established agencies in the field and seeks regular feedback from them on improvements and changes that should be mode to the operation and delivery of services. Organlsational Slruclure The charity hos a Board of Trustees of at least three members who are responsible for the strategic direction and policy of the charity. During the period, the Board comprised of four trustees from a variety of professional backgrounds relevant to the work of the charity. The day to day responsibility for the provision of services rests with the Chief Executive and Director of Operalions. They are supported by an Office Manager and Regional Co-ordinators who deliver our outreach capacity. All our Regional Co-ordinators have either seNed, are the spouses of those who have served or both, including past beneficiaries of the Programme. External professionals have delivered specialist services, including the training element of the programme. evaluation, book-keeping and assistance wth fundraising. OBJECTIVES AND ACTIVITIES During the year to 31 March 2024 943 individuals have attended our course and sUPPOrt workshops, compared with 900 - 1110 during Covid and just 407 attending (Courses and refresher days) pre Covid in the year to 31 March 2020, which wa5 then the highest annual number to date. The Progromme's purpose is to teach techniques to improve performance and motivation and to help overcome emotional problems. Thi5 15 delivered through a core training Programme with 12 months structured support and signposting. Historically the course has been delivered as a 3 day in person course, however due to Covid 19 from March 2020 to March 2022 the course was delivered live online over 5 halfday5. P05t Covid, from April 2022, we have delivered a hybrid setvice including both physical and live online courses and workshops.
Docusign Envelope ID.. 46767161_38E84124_95A24903997E1 D7B TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2024 The main objectives and activities focus on working with the military community. We work wth: Ex Service personnel experiencing difficulthes in adjusting to civilian life Their fomily members who are struggling as a consequence of the veteran's issues Serving personnel whose performance is being affected by high levels of stress and anxiety or who have received medical intervenlion but still require additional support and motivation on return to the workplace. Our objective is to enable Serving personnel to manage their emotions more effectively and build their resilience so that they can maximise their operational capability Setving families. in particular families experiencing difficulties coping with service life and the added pressure this can cause. The strategies employed to assist the charity to meet these objectives include: Running training and education programmes to teach parfi'cipants tools which enable them to improve performance and motivation and to help overcome emotional problems Developing ond delivering a 12 month support network for individuals who have been through the programme Worknng in partnership wlth other agencies to provide a pathway that best matches the needs of its client population. The trustees have complied with Section 4 of the Charities Act 2011, having due regard for the Charity Commission's guidance on public benefit when reviewng the charity's aims and objective5 and when formulating strategy. It is the strategic intention of the charity to work in collaboration and partnership with other organisations in this field. to deliver a service at the point where it Is best placed to maxmise the benefit to the participant. ACHIEVEMENTS AND PERFORMANCE The moin areas of charitable activity are the provision of the core Warrior Programme and the delivery of the support programme. Programme dellvery During 2023124 we have conth'nued to deliver a hybrid service with pre and post course workshops online and foundation courses available online and in person. This ability to offer both alternatives continues to provide much needed bespoke support to our beneficiaiie5," in general, Serving personnel and family members prefer online as it offers flebilIty to accommodate other priorities/responsibilities, and veterans often prefer in person courses as they value the camaraderie and opportunity to share experiences. We have seen a significant change in participant profile in 2023124 compared with previous
Docusign Envelope ID.. 46767161_3BE84124_95A24903997E1 D7B TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2024 recent years.. In this financial year veterans have represented 5310 of participants and SeNing personnel 28f., this compares wth the previous year when veterans represented 3610 of participants and Serving personnel 44Ytr. In actual numbers, veteran numbers are up 64% and Serving personnel down 311.. This is a direct result of a change in funding streams with funding for SeNing personnel being limited and specific to certain cohorts, Funding for veterans has expanded with the introduction of Op Courage and NHSE grant funding during the year. enabling us to reach a wder cohort of veterans in need of our support. The number of individuals Supported has risen year on year with attendees on the foundafion course up 111. to 269 and attendance on the pre course supportworkshops up SY. to 294. These workshops are fortnightly and are a critical part of the pathway to stabilise individuals and introduce them to the concepts and thinking behind the programme prior to attending the Foundation course. It is particularly important in supporting referrals from our Op Courage NHS partners, ensuring we can provide a seamless and comprehensive service. All attendees on the courses now attend at least one pre course workshop and the feedback has been very positive. We have continued to develop our post course monthly online workshop support, developing the curriculum of subjects addressed in the monthly workshops. The improved content, continuity and structure has led to an increase in the number of individuals attending, up 20% yeor on year to 303. and the number of sessions each individual attends, with over 50Yo now attending 3 or more workshops. In addition. 77 individuals attended our one day post course refresher day5 where they can revisit all the techniques learnt on the course. This extensive 12 month programme represents the provision of a minimum of IIX) hours of dedicated support per individual. The need for our services and support remains high and we have supported over three and a half times the number of individuals that we have historically, pre pandemic, with 943 supported vs an average of 235 individuals per year over the five years prior to Covid. During the period our services to veterans and their families have been supported by grants from the Armed Forces Covenant Fund Trust. The Veterans, Foundation, Army Benevolent Fund, The National Lottery, NHS England, the Royal Navy and Royal Marines Charity and Greenwich Hospital and The RAF Benevolent Fund. Our contract with NHS Op Courage East of England partnership commenced on l April 2023 and in our first year lof the four year contract) we have met oll our KPIS and Supported 70 individuals versus a budget of 50. wth a further 35 expressions of interest. Our services to Serving personnel have been supported by grants from the Armed Forces Covenant Fund Trust, the Royal Navy and Royal Marines Charity and Greenwich Hospital and the Army Central Fund. We would like to thank all our funders for theyr continued support and partnership wilh us. We not only value their financial contribution but also their obsetvations on. and input to, our future devdopment of service5. We continue to deliver our in person residential course5 at the Services Cotswold Centre, Corsham. and we are very grateful for the support they give the programme and their understanding of our requirements. Pag=
Docusign Envelope ID.. 46767161-3BE84124-95A24903997E1 D7B TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2024 Evidence The trustees are committed to developing evidence-based methods, rigorous evaluation and working effectively wth other organisations. both statutory and charitable. to improve efficiencies and maximise the use of exisling resources. Followng on from the Report on our Randomised Controlled Trial in 2015 (as published in Occupational Medicine in 20211 we have developed our monitoring and evaluation framework. Our outcome evidence is based on Ihe following: Recognised clinical research measures used to monitor quantitative change throughout the Programme. Independent external evaluation involving individual and group interviews to report on qualitative differences made to people's lives. Our Monitoring Coordinator is in touch with each beneficiary on at least a monthly basis for 12 months and records the individuals, progress and the challenges they are facing, checking performance against Iheir plans and goals set. Oulcomes - There continue to be consistent signfficant and wfde-ranglng benellcial outcomes for particlpants Across all cohorts there are some common positive outcomes, key impacts being.. Reduclng anxlety. fear. stress and anger. Increaslng engagemenl in positive activities: Increaslng $elf-esleem, self-worth and self-confidence; Improved family relationships and reslllence; Improvlng careers/work. Cohort Specific Outcomes Velerans and thelr family members The 12 month data consistently indicates improvements in functional impairment, well-being, mood and anxiety, together, crucially. with improvements in relationships with family and friends. There is also consistently a significant improvement in activity levels. In the year to 31 March 2024 a third ofveterans participating in Warrior were notworking or looking for work at the point that Ihey started the programme and many of these individuals had chronic health condithon5 making engaging in worL training or volunteering very difficult. Pci Jc e | 7
Docusign Envelope ID". 46767161-3BE84124-95A24903997E1 D7B TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2024 Even given these very significant obstacles, our evidence demonstrates that after 12 months 25Yo of these individuals were now in work, training or education. In addition. 91 Yo of all veterans were making progress on their goa15 across all areas ol their life. This is a cohort that statutory and charitable agencies find parlicularly difficult to reach and represents a sustained improvement. In particular, those individuals referred by Op Courage are often experiencing more complex and acute issues, both medical and socio economic, and this has been evident through our monitoring and evaluation framework. In January 2024 we introduced the ONS Life Satisfaction question into our suite of evaluation metrics. This uses a scale of zero to 10 Ipoor to good) and is used by the ONS to gauge sentiment within the population as a whole. The score for the UK population is beeen 7 and 8 with the latest published score being 7.45 for 2022123. Only 4% of our Op Courage referrals recorded Life Satisfaction scores of 7 or above before Starting Warrior and only I IYO of all our veterans scored 7 or above. Six months after attending the programme 60% of our Op Courage referrals and 5110 of all our veterans were scoring 7 or above. This measure is clearly only a general indication.. however, consistent results of this magnitude undeAine the difference the programme is making and the improvement5 in personal circumstances that individuals are experiencing. The families. friends and colleagues of veferon participants report noticing a positive difference, indicating the programme is having wider impacts for additional people who experience Ihe challenges and stresses of living alongside veterans wth a range of emotional and behavioural issues. The increased 'calmness and molivation, as well as 'communicating and talking more, is enhancing family life as well as enabling Warriors to establish or re-establish positive work relationships. This wider impact is reinforced by key family members attending Warrior in their own right. thereby developing the resilience. mothvation and focus to manage their lives positively and support their veteran effectively. Family mernbers ol Serving and veterans The Warrior Programme continues to have a significant and sustainable impact for family members, addressing their particular needs and issues, and helping to reduce stress. anxiety, depression and frustration whilst improving wellbeing, energy and motivafi'on. The 12 month data consistently indicates improvements in functional impairment, well-being, mood, self-esteem and anxiety, together, crucially, wth improvements in relationships with family and friends. Our evldence demonslrales Ihat 9370 of famlly members report making progress on thelr goals wlthln 6 months 50Yo ol Ihose prevlously not In woik or not looklng for work are now in work. trainlng or educatlon Partner organisations continue to be very posilive about Warrior and recognise its ability to help those who are experiencing really challenging emotional, behavioural and health issues that
Docusign Envelope ID.. 46767161_3BE84124_95A24903997E1 D7B TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2024 are affecting many areas of their lives. Individua15 who attend Warrior are reported lo make substantial positive changes to their lives and increase fhe effectiveness of their engagement with specialist and mainstream services funded by Government and other charities. As well as spouses/partners benefitting from the programme, a5 was anticipated, participants consider that the children in their families have also experienced positive impacts resulting from the increased resilience and stability of their parents. External qualitative evaluation conth'nues to show that the programme has had marked and far reaching positive benefit5 for the spouseslpartners of Serving personnel. These include increased self-confidence, improved relalionships and family life, and decreased feelings of anger. anxiefy and frustration. 05 well as being more effeclive at work and pursuing work- related ambitions. Feedback also indicates that the Warrior Programme 15 helping the Serving personnel of the families in stress to be more effective in their roles. Participants are reporting triey now have the confidence and determination to deal with personal challenges and can manage their home/work life balance much better than they did before. Serylng Personnel We are particulady grateful to the Army Central Fund for their three year grant to support Setving Army personnel, the Armed Forces Covenant Fund Trust who have supported female Setving personnel (Tri service) experiencing workplace bullying and harassment and separately male and female Serving personnel (Tri setvicel experiencing domestic abuse andlor sexual violence. and the Royal Navy and Royal Marines Charity and Greenwch Hospital who have supported Serving Navy personnel to attend the programme. Our expressions of interest from Setving personnel conthnued to increase during the year but we have had to limit our support. focusing on those that met the criteria of these funding streams. We have continued to workwith partners to identify funding to ensure we can offer our seNices to cohorts across all three Services, and we are delighted that post year end we signed a three year contract with the Navy to support 12 Serving personnel a year to attend the programme. We are currenly in discussions with the RAF to finalise a contract to enable up to ICK) Serving personnel to aftend the programme, wth the provision to extend to future years. These contractual arrangements underline the value that Warrior is delivering in support of the welfare of our Serving personnel and we look forward to worknng with the Services to develop and refine our service offering.
Dowsign Envelope ID". 46767161_3BE84124.95A24903997E1D7B THE WARRIOR PROGRAMME MEMBERS OF THE BOARD AND PROFESSIONAL ADVISERS It is clear that the programme is resulting in a range of posithve impacts for Setving personnel, bringing benefits to their personal. home and professional lives. Participants hove a variety of reasons for engaging with the programme. prompted by a number of different issues. Those frequenmy cited by interviewees include.. Loss of focus or direction and motivation stress, anxiety and loss of self-confidence Real/perceived pressure not to "admit to having a problem or mental health needs" Complex family challenges including spouses/partners also serving in the military or transitioning out. children and blended families. This particularly affects female Serving personnel Anxiety about transitioning out of the services Abuse or harassment in the workplace. Many participants report how improvements in their abilify to handle their emotions and issues in their personal lives is having positive impocts at work. indicating that the programme is helping to improve work performance levels. In addition. for those approaching transition out of the services. the programme is enabling them to make positive decisions about future work options whilst maMis1ng their contribution to the services during their remoining period of service. Importantly, those participants wth children are clear that the tools provided by Warrior are helping them to have more positive relationships with their children. demonstrating that the programme is having the wider impact for families as anticipated. Referrers from the MOD are particularty positive about the programme and the positive outcomes they are Seeing. Key impacts reported by participants include.. Reduclng anxlety, stress and anger Increaslng self-confidence and motlyatlon Improving careers and work Improvlng communication and ielallonships Provldlng a 'safe space. to tackle dlfflcult Issues. The clinical outcome evidence continues to indicate improvements in self-efficacy, anety, functhonal impairment, well-being and relationship satisfaction and monthly monitoring information demonslrates that after 6 months: The percentage of partlclpants rating their relatlon$hlpswlth family a3 very good Increases from 447 to 747. 9270 are maklng progress on thelr goals. Serving women continue to outnumber Serving men on Warrior. despite representing just I ]% of the Armed Forces. The issues they report: bullying and harassment, loss of confidence. unequal treatment by male colleagues and working harder to prove themselves, are limiting their careers or causing them to leave. Their needs often remain hidden. as victim5 do not feel safe or confident facing up to the individualls involved or raising a complaint for fear of exacerbating the situalion. Pag- | 10
Docusign Envelope ID.. 46767161-3BE&4124-95A24903997E1D7B TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2024 In 2022 we undertook additional external analysis, Qualitative Data Analysis. to better understand their situations and how specifically Warrior is able to assist them. This evidence of need supported our successful request to the Armed Forces Covenant Fund Trust under their Supporting Communities grant category for funding to support female Serving personnel experiencing bullying and abusive treatment in the workplace. The resulting 2 year funding 45 enabling us to empower 25 Serving women per year to overcome discriminating and abusive workplace pressures and rebuild their careers. Our 2022 study concluded fhal The Warrior Programme is providing social support to women service persornnel that is instrumental in helping them resolve challenging situations at work, family and in personal relationships. Retention in Service is an important issue and participants described how attendance on The Warrior Programme supported them in accessing the help they need from the system, advocating for themselves wilh the chain of command, or the authorities. and in their own personal relafionships too. This in turn enabled many to remain in SeNice, when they otherwise would not have. The needs are compelling, as the impact on Iheir lives, mental health and wellbeing can be severe enough for them to consider self-medicating. leaving their families, accepting medical downgrade or leaving Service. New funding from the Navy and RAF is to support male and female Serving personnel and is focused on retention and enhancing their Service career experience. We are working wth the in SeNice welfore teams to assess impact and develop the programme going foward. We will conthnue to develop our evaluation and evidence matrix fo enable us to support each group as effectively as possible and to ensure they gain the moximum benefit from attending the programme. FINANCIAL REVIEW In the period to 31 March 2024. our statutory accounts show a surplus of £149.479 made up of a marginal decrease in general unrestricted funds of £4,055. an increase in restricted funds of £106.093 and an increase in designated funds of £47,441. Under UK accounting regulations the full amount of a grant is recognised in the financial period in which it is received, which can result in a mismatch beeen funds received and funds expended in the period. In this financial period the funds received exceeded those expended as some of the funding was to support delivery in subsequent periods. The restricted income principally relates to a number of grant awards that are cohort specific from the Armed Forces Covenant Fund Trust IAFCFtI. funding from The Big Lottery and a grant from NHS England. The AFC funding include5 Iwo Veterans, PPP gront5, Reaching and Supporting Round I Iserving females experiencing discriminating and abusive behaviour in the workplace} and Reaching and Supporting Round 2 (for Serving personnel affected by domestic abuse andlor sexual violence). The funding from the Big Lottery relates to the second year tranches of a 3 year grant to support our charitable work wth veterans and to fund the development of our commercial offering to be provided through a wholly owned subsidiary which will return all profit to the charity. The grantfrom NHS England was to enable us to Support
Docusign Envelope ID.. 46767161_3BE84124-95A24903997E1 D7B TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2024 veterans referred from Op Courage where we are nof funded as part of the Op Courage partnership and to develop lasting funded referral pathways. The designated funds principally relate to grants made by the Army Central Fund, the Army Benevolent Fund. the Royal Navy and Royal Marines Charity and Greenwich Hospital, RAF Benevolent Fund and Ihe Veterans, Foundation together with the Op Courage contract for the East of England. The balance at 31 March 2024 represents Ihe funds received in the financial year ended 31 March 2024 to be expended in the followng financial period. The grants were made to support our programmes and work with veterans and their families, with the exception of the ACF which is to support Serving personnel. We are extremely grateful to Ihese organisations for their continued support and value our close worknng relationships wilh them. Their support is a key element in ensuring we continue to deliver an outstanding service to our veteran, Serving and family beneficiaries and their input is invaluable in enabling us to continue to develop and improve all we do. During 2023124. we hove continued to deliver on a key objective. to maintain and add to our reserves whi15t raising sufficient funds to support the development and delivery of our programme and core team. The cost of charitable activities has increased by £55,959 or 11.21. to £554.868. This is in line wth the I1.2go increase in the number of beneficiaries supported through the programme compared with the previous year. Further cost pressures are being experienced through a higher proportion of beneficiaries requiring in person physical courses as our Op Courage veteran cohort grows, together with more general cost of living rises, and we continue lo make cost savings where possible to mitigate this, ensuring that we do not negatively impact our front line service delivery. Trade debtors have increased trom zero in 2023 to £27,863 in 2024 due to contract payments for services delivered in January and March being received in early April. The level of need of our beneficiaries showed no sign of decreasing and in an increasingly difficult funding environment Warrior continues to attract funding support. based on the strong evidence of the posithve impact of the programme across all cohorts and we expect to maintain or increase funded delivery leve15 in the coming year. Reserves Policy The Board of Trustees has examined the charity's requirements for reserves in light of the moin risks to the organisation. It has established a policy whereby the unrestricted funds not committed or invested in tangible fixed asset5 held by the charity should be between 3 and 6 months of the expendilure. Budgeted expenditure for 2024125 is £836,424 and therefore the target is £209,106 to £418.212 in general funds. The reserves are needed to meet the worknng capital requirements of the charity and the Board of Trustees are confident that at this level they would be able to continue the current activities of the charity in the event of a significant drop in funding. The present level of general reserves available to the charity is £350,287, which meets this requirement. The strategy is to continue to build reserves through planned operating surpluses. and in the short term the Board ofTrustees has considered the extent to which existing activities and expenditure could be curtailed, should such circumstances arise. PacJ- | 12
Docusign Envelope ID.. 46767161_3BE84124-95A24903997E1 D7B TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2024 PLANS FOR FUTURE PERIODS Our Programme enables individuals to make extraordinary changes to their lives and the charity plans to continue the activities outlined above in the forthcoming years, subject to 5at15factory lunding arrangements. We are now in our second year of the NHS Op Courage East of England contract and the systems and working protocols have bedded in. Being port of a partnership pathway wth all parties attending Multi-Disciplinary Team meetings ensures a co-ordinated experience for our beneficiaries and benefits veterans, reCoVY and progress. Clinicians have remarked how being able to refer individuals to Warrior has enhanced their ability to work wth them and has helped with their own work load management. During the first year referrals to Wanior were approximately double that originally predicted and budgeted for and we demonstrated significant success in supporting this cohort Isee Life Satisfaction and octivify metric results in Veterans Evidence above). This level of referrals mirrored very high referrals into the Op Courage service as a whole. Steps have now been taken by the partnership to refine the triage for individuals meeting the Op Courage criteria and consequently the number of referrals to our programme has reduced significanlly. This will enable us to stay within the financial limits of the contract, however we are mindful that many of those who are being triaged away from the Op Courage services were in need of our support and would benefit enormously from attending our programme. They are no longer within a funded pathway and therefore there would be very restricted access to our services. We wll continue to review this situation and discuss with relevant partner organisations how we can collectively ensure that these individuals can benefit from a co-ordinated funded pathway to meet their often very complicated needs. Our one-off grant from NHS England in 2023 has enabled us to develop relationships with other Op Courage partnerships, building similar strong and robust pathways. We will continue to develop those relalionship5 across England. Our new contract wth the Navy and the contract under negotiafion wth the RAF represent a significant step for the chority. We have been supporting Serving personnel since 2018with very positive results and feedback, however this has to date been funded by grants, usually focused on specific cohorts specified by the funding body. These new contract5 wll enable us to work with the individual Services to identify their specific needs and ensure we can co-create a pathway that supports these priorities within their overall strategy. We continue to develop opportunities to access similar multiyear sustainable funding for Serving personnel across all three Services and are grateful to the Army Central Rjnd and the Armed Forces Covenant Fund Trust for their continued multiyear funding to support our work with specific Serving cohorts. The charity is committed to the long-term strategic objective of developing sustainable unrestricted funding, via a commercial offering. that would support our charitable services. In May 2022 we were awarded a three year grant by the National Lottery Community Fund INLCFI. The purpose of this grant is O-fold. Firstly. to fund the development of a commercial
Docusign Envelope ID.. 46767161-3BE84124-95A24903997E1 D7B TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2024 Warrior offering in order to generate sustainable income to support our core charitable activities and secondly to provide funding to support core services for veterans during this period. During 2020121 and 2021122 we refined our plan to market and during 2022123 we set up a dedicated wholly owned subsidiary of the charity to undertake our commercial worl called Think Warrior. The company is a wholly owned subsidiary of the charity and all surpluses wll be used by the charity to support its core charitable objectives. During the financial year to 31 March 2024 the subsidiary was dormant (see Note 12 and 211, however. lottery grant funding made to the charity specifically to develop Think Warrior has enabled one of our team members to be focused on Think Warrior 3 days a week since l January 2024 and this is now resulting in significant results. We are engaged with potential customers about piloting our new service and in certain circumstances creating joint services to deliver to third parties. The services we developed in response to Covid 19 are enabling us to develop bespoke soluthon5 to meet the needs of the corporate market and we are currently under a Non-Disclosure Agreementwth a multinational company in order to design a bespoke solution for a third party It is intended that ultimately the commercial offering will provide an odditional and sustainable income to help support our charTtable objectives, providing the charity with more control and flexibility over the development and delivery of our core charitable services. Responsibilities ol the Management Commlttee Company law requires the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources. including income and expenditure. for the financial year. In preparing those financial statements. the management committee should follow best practice and: Select suitable accounting policies and then apply them consistenlly: Make judgements and estimates that are reasonable and prudent,. and Prepare the financial statements on the going concern basis unless It is inappropriate to assume Ihat the company will continue on that basis. The Board of Trustees is responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statement5 comply wth the Companies Act 2(X)6. The Boord of Trustees is also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Docusign Envelope ID.. 46767161_38E84124-95h24903997E1 D7B THE WARRIOR PROGRAMME MEMBERS OF THE BOARD AND PROFESSIONALADVISERS Members ol the Board of Trustee$ Members of the Management Committee, who are directors for the purpose of company law and Trustees for the purpose of charity law, who served during the year and up to the date of this report are set out on poge l. Registered office: Quadrant House Floor 6 4 Thomas More Square London Elw IYW Signed by order of the trustees by.. A9W 028B22417.. Professor Andrew Bacon Date 04/12/2024 PacJ- 115
Docusign Envelope ID.. 46767161.3BE84124_95A24903997E1 D7B UHY Hackei Young LLP Quadrant House 4 Thoma5 More Square London Elw IYW Hackeryoung Chartered Accouritants INDEPENDENT AUDITOR'5 REPORT TO THE MEMBERS OF THE WARRIOR PROGRAMME Oplnlon We have audited fhe financial statements of The Warrior Programme Ithe 'charitable company'l for the year ended 31 March 2024 which comprise the statement of financial activities, balance sheet, statement of cash flow and notes to the financial statements. including significant occounthng policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements.. give a true and fair view of the state of the charitable company's affair5 as at 31 March 2024 and of the incoming resources and application of resources, including its income and expenditure, for the year then ended.. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice", and have been prepared in accordance wth the requirements of the Companies Act 2006. Basls for oplnlon We conducted our audit in accordance wth International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable compony in accordance with the ethical requirement5 that are relevant to our audit of the financial statements in the UK. including the FRC'S Ethical standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relatlng to going concern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statement is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of thi5 report. other Informatlon The other information comprises the information included in the annual report other than the financial statements and ourauditor's report thereon. The trustees are responsible for the other information contained within the financial statements. Our opinion on the financial statements does not cover the other information and, except to the extent otherwse explicitly stated in our report. we do not express any form of assurance conclusion thereon. Our responsibility is to read the other informalion and, in doing so, consider whether Ihe other information is materially inconsistent wth the financial statements or our knoedge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine
Oowsign Envelope10'. 48767161-3BE84124-95A24903997E1 D7B UHY Hacker Young LLP Quadrant House 4 Thoma5 MO Squa London Elw IYW Hackeryoung Chartered Accountants whether there is a material misstatement in the financial Statements or a material misstatement of the other information. If, based on the work we have performed. we conclude that there is a material misstatement of this other information, we are required to report that fact. We hove nothing to report in this regard. Oplnlons on other matters prescribed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of our audit.. the information given in the trustees, report for the financial year forwhich the financial statements are prepared is consistent with the financial stalements,. and the trustees, report has been prepared in accordance wth applicable legal requirements. Matters on whlch we are requlred lo report by excepllon In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of ttie audit, we have not identified material misstatements in the trustees, report. We have nothing to report in respect of the following matters where the Companies Act 2(X)6 requires US to report to you if, in our opinion.. adequate accounting records have not been kept by the charitable company, or returns adequate for our audit have not been received from branches not visited by vs,. or the charitable company financial statements are not in agreement with the accounting records and retums.. or certain disclosures of trustees. remuneration specified by law are not made,. or we have not received all the information and explanations we require for our audit. Responslbllllles of trustees As explained more fully in the trustees, responsibilities statement. the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, ond for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement. whether due to fraud or error. In prepartng the financial statements. the trustees are responsible for assessing the charitable company'5 ability to continue as a going concern. disclosing. as applicable, matter5 related to going concern and using the going concern ba515 of accounting unless the trustees either intend to liquidate the charitable company or to cease operations. or have no realistic alternative but to do so. Audttor's responslbilllles for the audit of the flnanclal statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is o high level of assurance, butls not a guarantee that an audit conducted in accordancewith ISAS IUKI wll always detect a material misstatement when it exists. Mi5Statements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities. including fraud. are instances of non-compliance with laws and regulalions. We design procedures in line with our responsibilities. outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedure5 rjge | 17
Docusign Envelope ID.. 46767161_3BE84124_95A24903997E1 D78 UHY Hacker Young LLP Quadrant House 4 Thomas More Square London Elw IYW Hackeryoung Chartered Accountant5 are capable of detecting irregularities. including fraud is detailed below: Based on our understanding of the charitable company and the sector in which it operates, we identified that the principal risks of non-compliance with laws and regulations related to the acts by the charitable company, which were contrary to applicable laws and regulation5 including fraud, and we considered fhe extent to which non-compliance might have a maferial effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as Ihe Companies Act 2CK)6. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to inflated revenue and the charitable company's net income for the year. Audit procedures performed included- review of the financial statements, disclosures to underlying supporting documentation. review of correspondence with legal advisors, enquiries of management and review of internal audit reports in so far as they related to the financial Statements, and testing ofjournols and evaluating whether there was evidence of bias by the trustees that represented a risk of material misstatement due to fraud. There are inherent limitations in the oudit procedure5 described above and the further removed non-compliance with laws and regulations is from Ihe events and transactions reflected in the financial statements, the less likely we would become aware of it. Also. the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting trom error, as fraud may involve deliberate concealment by, for example. forgery or intentional misiepresentations, or through collusion. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: http.'l/worrf.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report. Use of our report This report is made solely to the charitable company's members. as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2(X)6. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company'5 members as a body, for our audit work. for this report. or for the opinions we have formed. Swby.. 12.12.2024 D7AE8FEA4F244C6... Davld Allum (Senior Stalulory Audtior) For and on behalf of UHY Hacker Young Chartered Accountants and Statutory Auditor
Docusign Envelope ID.. 46767161_3BE8412495A24903997E1D7B THE WARRIOR PROGRAMME STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 MARCH 2024 Unrestricted Funds Restrfcted Tolal Funds Total Funds Funds 2024 2023 Note INCOME FROM: Donation5 Charitable activithes Investments 129,383 190,000 12.062 406,273 535.656 190,000 12,062 547,282 5.476 TOTAL INCOME 331.445 406.273 737,718 552,758 EXPENDITURE ON: Raising funds Charitable activities {14,621) (273.438) (18,750) (33,371) 134,1501 (281,430) (554,868) 1498.9091 718 TOTAL EXPENDITURE (288,059) (300,180) (588,239) 1533,0591 NET INCOME/IEXPENDITURE) 43.386 106.093 149,479 19,699 NET MOVEMENT IN FUNDS 43.386 106,093 149.479 19.699 RECONCILIATION OF FUNDS Total funds brought forward 478,472 478,605 957.077 937.378 TOTAL FUNDS CARRIED FORWARD 521.858 584,698 1,106,556 957,077 REPRESENTING: Restricted Funds Designated Funds General Funds 584,698 584.698 167,455 354,403 478.605 120.014 358,458 167,455 354,403 16 TOTAL FUNDS CARRIED FORWARD 521,858 584.698 1,106,556 957,077 The Statement of Financial Activities includes all gains and1055es in the year. All of the above amounts rdate to continuing activities.
Docusign Envelope ID.. 46767181-3BE84124-95A2-4903997E1D7B THE WARRIOR PROGRAMME BALANCE SHEET 31 MARCH 2024 2024 2023 Note FIXED ASSETS Tangible assets Investments 4.115 6,483 12 4,116 6.484 CURRENT ASSErs. Debtors Cash at bank 27.897 1,107,235 371 983,624 1,135,132 (32,692) 983.995 133,4021 Creditors.. Amounts falling due within one year 14 NET CURRENT ASSETS 1.102,440 950.593 TOTAL ASSETS LESS CURRENT LIABILITIES 1.106,556 957.077 TOTAL NET ASSETS 1,106,556 957,077 FUNDS Restricted income funds Designated income fund5 General income funds 15 16 16 584.698 167,455 354.403 478.605 120,014 358.458 TOTAL FUNDS 1.106,556 957,077 These financial statements were approved and authorised for issue by the members of the committee on the 13 November 2024 and are signed on their behalf by". Do¢uSlw*d by.. AFF66snFFjé5D... JACKIE NEWSTEAD Chair of the Board of Trustees Company Registration Number: 06263721 Pog¥ 120
Docusign Envelope10'. 46767161.38E84124_95A24903997E1 D78 THE WARRIOR PROGRAMME STATEMENT OF CASH FLOW YEAR ENDED 31 MARCH 2024 2024 2023 Note CASH FLOWS FROM OPERATING ACTIVITIES Net cash provided byllused in) operating activities 112,536 52.330 CASH FLOWS FROM INVESTING ACTIVITIES Purchase of equipment Incorporation of subsidiary undertaking (987) 13.2701 12 Net cash flow from investing activities (987) 13.2711 CASH FLOWS FROM FINANCING ACTIVITIES Bank interest received 12.062 5.476 Net cash flow from financing activities 11,075 2,205 CHANGE IN CASH AND CASH EQUIVALENTS IN THE REPORTING PERIOD 123,611 54.535 Cash and cash equivolents brought forward 983.624 929.089 CASH AND CASH EQUIVALENTS CARRIED FORWARD 1,107,235 983,624
Docusign Envelope ID.. 46787161_3BE8-4124-95A24903997E1 D7B THE WARRIOR PROGRAMME NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 STATUTORY INFORMATION Le al status - The organisation is registered as a charity, number 1120893 and is a private company limited by guarantee. incorporated in England. Re istered office- Quadront House, Floor 6, 4 Thomas More Square. London El W l YW Company registration number- 06263721. ACCOUNTING POLICIES Basis of accountin The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Financial Reporthng Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Charities Acts 2011 and 2022 and UK Generally Accepted Practice as it applies from l January 2015 and the Companies Act 2006. The financial statements have been prepared in sterling, which is the functional currency of the charity. The trustees have complied with Section 4 of the Charities Act 2011. having due regard for the Charity Commission's guidance on public benefit when reviewing the charity's aims and objectives and when formulating strategy. Fixe sets All fixed assets are initially recorded at cost. Depreciation is provided at the following annual rate in order to write off each asset over its estimated useful life. Course and Office Equipment- 113 on Cost Debtor5 Short term debtors are measured at transaction price, less any impairment. Creditors Short term creditors are measured at the transaction price. Income Charitable income is recognised in the period it falls due. Grants are allocated on ieceipt directly into the correct fund. Grants for the year are recogni5ed based on the charity's entitlement to the grant. Allocation of Ex enditure Expenditure has been allocated beeen the main headings in the Statement of Financial Activities on the basis of the type of activity to which they relate. Support costs are apportioned to activitie5 in relation to the value of those costs. Desi ted reseNes The trustee5 have established these where funds hove been earmarked for o specific purpose. Page 122
Docusign Envelope ID.. 46787161-3BE84124-95A24903997E1 D78 THE WARRIOR PROGRAMME NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 DONATIONS Unreslricted Funds 2024 Reslricted Funds 2024 Total Unrestricted Funds Funds 2024 2023 Restricted Funds 2023 Total Funds 2023 Donalions Partners & Trust Fund5 Individuals 126,814 2,569 406,273 533,087 2,569 135,OCK) 4,507 390.775 525,775 4,507 Gwts Gifts in Kind 17.(KX) 17,CX)) 129.383 406.273 535,656 156,507 390.775 547,282 INCOME FROM CHARITABLE ACTIVITIES Unreslrlcled Funds 2024 Total Funds 2024 Unrestricted Funds 2023 Total Funds 2023 Contracted service5 190,000 190.000 INCOME FROM INVESTMENTS Unrestricted Funds 2024 Tolal Funds 2024 Unrestricted Funds 2023 Total Funds 2023 Bank interest 12,062 12,062 5,476 5,476 EXPENDITURE ON RAISING FUNDS Unrestricted Funds 2024 Reslrfcled Funds 2024 Total Unrestricted Restricted Funds Funds Funds 2024 2023 2023 Total Fund5 2023 Fees Support costs 12,898 1.723 16.540 2.210 29,438 3.933 7.748 1,020 22,428 2,954 30,176 3,974 14.621 18,750 33,371 8.768 25,382 34,150 Page 123
Docusign Envelope ID." 46767161-3BE84124-95A24903997E1 D7B THE WARRIOR PROGRAMME NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 EXPENDITURE ON CHARITABLE ACTIVITIES BY FUND TYPE UnrerICted Funds 2024 Reslrlcted Funds 2024 Total Unrestricted Funds Funds 2024 2023 Restricted Funds 2023 Total Funds 2023 Warrior programmes Support costs 236,614 36,824 243,530 37,900 480,144 74,724 151,794 27,067 271,616 48,432 423.410 75,499 273,438 281.430 554,868 178,861 320,048 498,909 EXPENDITURE ON CHARITABLE ACTIVITIES BY ACTIVITY TYPE Direct costs 2024 Support costs 2024 Tolal costs 2024 Direct costs 2023 Support costs 2023 Total costs 2023 Warrior programmes 480,144 74,724 554,868 423,410 75.499 498,909 480.144 74,724 554.868 423.410 75,499 498,909 SUPPORT COSTS Unrestricted Funds 2024 Restrlcted Funds 2024 Total Unrestricted Restricted Funds Funds Funds 2024 2023 2023 Total Funds 2023 Total support costs 38,547 40,110 78.657 28,087 51,386 79,473 Governance cosls wlthin support costs Auditor's fee Accountancy fees Legal and professional fees Bank charges 7.057 7.343 14,400 4.453 8,147 12.600 239 249 170 310 5,689 100 5.919 11,608 204 8,305 15,195 23.5(Xi 13,085 13.615 26,700 12.928 23,652 36.580 Page 124
Docusign Envelope ID.. 46767161_3BE84124_95A24903997E1D7B THE WARRIOR PROGRAMME NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 10. STAFF COSTS AND EMOLUMENTS Total stall costs were as follows: 2024 2023 Wages and salaries Social security costs Pension contributions 238,340 17,356 5,130 203,825 14,489 4,058 260,826 222.372 Particulars of employee5: 2024 No. 2023 No. The average headcount of employee5 during the year was.. 8.42 6.67 The average number of employees during the year. calculated on the basis of full-time equivalents, was as follows: Number of operational staff 6.63 5.41 No employee received remuneration of more than £60,CXY) during the year. 1 I. TANGIBLE FIXED ASSETS 2024 Offlce Eqvipment Cost At l April 2023 Addithons Disposals 11.771 987 (601) At 31 March 2024 12.157 Depreclatlon At l April 2023 Charge for the year Disposa15 5,288 3,355 (601) At 31 March 2024 8,042 Net Book Value At 31 March 2024 4,115 At 31 March 2023 6.483 Poge 125
Docusign Envelope ID.. 46767161-3BE84124-95A24903997E1D7B THE WARRIOR PROGRAMME NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 12. INVESTMENTS 2024 Shares In subsldlary undertaklng Cosl At l April 2023 Additions Disposals At 31 March 2024 Net book value At 31 March 2024 At 31 March 2023 13. DEBTORS 2024 2023 Trade debtors Prepayments 27,863 34 371 27,897 371 14. CREDITORS". Amounts falling due wlthln one year 2024 2023 Trade creditors Accrued expenditure 20.453 12,239 23,307 10,095 32,692 33,402 Poge 126
Docusign Envelope ID.. 46767161.38E84124_95A24903997E1 D7B THE WARRIOR PROGRAMME NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 15. RESTRICTED INCOME FUNDS Balance at l Apr 2023 Balance at 31 Mar 2024 Income Expendilure Ministry of Defence- Armed Forces Covenant Fund 359.358 106.273 (21,433) 444,198 The National Lottery Community Fund- commercial development project, veterans and families 119.247 170,000 {226,747) 62,500 NHS England- veterans project I30.)0 (52.000) 78.000 478,605 406.273 (300.180) 584,698 16. UNRESTRICTED INCOME FUNDS Balance ol l Apr 2023 Balance at 31 Mar 2024 Income Expendlture Designated Jnd5 General Funds 120,014 358,458 315.500 15,945 (268,059) (20,000) 167.455 354,403 478,472 331,445 (288.059) 521,858 FocJe 127
Docusign Envelope ID.. 46767161_3BE84124_95A24903997E1D7B THE WARRIOR PROGRAMME NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 17. ANALYSIS OF NET ASSETS BETWEEN FUNDS Flxed assets Net currenl Total nel assets assets 2024 Restricled Income Funds: Ministry of Defence- Armed Forces Covenant Fund 444,198 444.198 The National Lottery Community Fund- commercial development project. veterans and families 62.500 62.500 NHS England- veterans project 78,000 78.000 584,698 584,698 Unrestrlcted Income Funds: Designated Funds General Funds 167.455 350,287 167.455 354,403 4,116 4.11 517,742 521.858 Total Funds 4,116 1,102,440 1,106,556 Page 128
Docusign Envelope ID.. 46767161_3BEU124_95A24903997E1 D7B THE WARRIOR PROGRAMME NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 18. RECONCILIATION OF NET INCOME TO NET CASH FLOWS FROM OPERATING ACTIVITIES 2024 2023 Net incomellexpenditurel for the reporling period 149.479 19,699 Adjusted for: Ilncreaselldecrease in debtors (Decreasellincrease in creditors Depreciation of tangible fixed assets Interest received {27.526) (710) 3,355 (12,062) 28,217 7.340 2.550 15.4761 Net cash provided byllused inl operating activities 112.536 52,330 19. OPERATING LEASE COMMITMENTS At the reporting end date. the charity had outstanding commitments for fulure minimum lease payments under non-cancellable operating leases, which fall due as follows: 2024 2023 Within one year 800 20. RELATED PARTY TRANSACTIONS The only Trustee or person rdated to the charity who had any personal interest in any contract or transaction entered into by the charity during the yeor or the previous yearwas the Chair of Trustees, who is a partner in Hogan Lovells LLP who provided pro bono legal advice during the previous year120231 valued at £14,Cm. 21. SUBSIDIARIES The subsidiary did not trade during the year. Name of Undertaking Think Warrior Ltd Reglstered ofllce Nalure ol buslness Dormant Class of shares held Ordinary 70 Held Direct England and Wales i (]J.00 | 29
Docusign Envelope ID.. 46767161_3BE8.4124.95A2.4903997E1 D78 THE WARRIOR PROGRAMME NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 22. ACKNOWLEDGEMENTS The charity's funds were received from a number of different sources during the period, of which acknoedgeMernf is required of the followng by their funding agreements.. The National Lottery Community Fund NHS England Ministry of Defence- Armed Forces Covenant Fund Army Benevolent Fund The Army Central Fund The Royal Navy and Royal Marines Charity and Greenwich Hospital The Royal Air Force Benevolent Fund £170,(KX) £130.0(K) £106,273 £50.OCK) £50,CXY) £23,5 £2,000 Page 130