COMPANY REGISTRATION NUMBER: 06484880 CHARITY REGISTRATION NUMBER: 1123149
The Veterans Charity Company Limited by Guarantee Unaudited Financial Statements 31 December 2023
THOMPSON & CO
Chartered accountants Sterling Offices 30A Mill Street Bedford Beds MK40 3HD
The Veterans Charity
Company Limited by Guarantee
Financial Statements
Year ended 31 December 2023
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Statement of financial activities (including income and | |
| expenditure account) | 4 |
| Statement of financial position | 5 |
| Statement of cash flows | 6 |
| Notes to the financial statements | 7 |
The Veterans Charity
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 December 2023
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 December 2023.
Reference and administrative details
Registered charity name The Veterans Charity Charity registration number 1123149 Company registration number 06484880 Principal office and registered Unit 7 office Seven Brethren Bank Barnstaple Devon EX31 2AS The trustees General Sir R A Pascoe KCB MBE Lieutenant-Colonel (Retired) V.R.Kent-Payne Mr. I. Henderson Major (Retired) Hume Jones Major-General (Retired) Rob Thomson CBE DSO Captain William Holland Company secretary Mr Daniel Greeno Accountants Thompson & Co Chartered accountants Sterling Offices 30A Mill Street Bedford Beds MK40 3HD
Structure, governance and management
Governing Document
The organisation is a charitable company limited by guarantee, incorporated on 28 January 2008 and registered as a charity on 11 March 2008. The company was established under a Memorandum of Association,(and recently amended) which established the objects and powers of the company and is governed under its Articles of Association.
Recruitment and appointment of Management Committee
The directors/trustees are known as members of the Management committee. The Trustees are responsible for the appointment of new/additional members of the Management Committee.
- 1 -
The Veterans Charity
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 December 2023
Objectives and activities
The main objective is to directly assist individuals who have served for more than one day in His Majesty's Armed Forces through provision of equipment, advice, and general support, which the trustees refer to as welfare. This objective is aimed at enhancing the quality of day-to-day life for veterans with the help of vital provisions such as food shopping, utilities support, clothing, communications devices, household items, travel support and temporary emergency accommodation.
The charity may also make grants from time to time to other organisations to further support veterans of His Majesty's Armed Forces, entirely at the Trustees discretion.
Another objective of the charity is to establish memorials as recognition of the sacrifice made by members of the armed forces and to help educate the public in the history of operations. Initially this was done to commemorate personnel who took part in operations to capture bridges in Normandy prior to D-Day. To date, the charity has created 3 memorials in Normandy which fulfil this objective.
How our activities deliver public benefit
The charity's main objectives are described above. To achieve these, the charity organises or attends enjoyable social and challenge events which the public and veterans alike can take part in, whilst raising funds and at the same time educating the public. These events are enjoyable and educational and give civilians a great opportunity to spend time with members of His Majesty's Armed Forces and Veterans of the UK military. Uniting these sections of society enhances learning and understanding the challenges faced by those we support. The events created by the charity are inclusive and open to people of many different backgrounds and also provide an opportunity for improving fitness, focus, wellbeing and camaraderie.
Strategic report
The following sections for achievements and performance and financial review form the strategic report of the charity.
Achievements and performance
The principal funding sources and their purposes are as follows:
Donations and Legacies
The charity derives the majority of its income from public donations. Donors consist primarily of individuals, who generously make donations during fundraising events, collections and also participants who undertake sponsored marches, walks, marathons, cycle rides and similar events organised by or in aid of the charity.
Grants
Since the outbreak of COVID-19, the charity has been forced to explore grants support from other organisations and has been successful on a number of occasions in securing grants from organisations including The Veterans Foundation, Armed Forces Covenant Fund Trust and National Lottery Community Fund.
Partnerships
Over the past 2 years, the charity has formed highly effective partnership with the Royal Logistic Corps Association, Women’s Royal Army Corps Association, Royal Naval Benevolent Trust and Forces Support Ltd. These vital partnerships provide key funding which assists with covering the costs of welfare provision to Veterans and their dependants.
- 2 -
The Veterans Charity
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 December 2023
The cost of providing support and provisions to veterans during the period amounted to £272,668 (2022: £221,204).
This expenditure includes support costs, so that the charity can provide non-medical assistance, guidance and advice as well as carry out assessments of beneficiary needs. These costs do not provide equipment directly to individuals but are nevertheless an essential part of the support process and are considered by the trustees to be costs incurred to achieve the charitable objectives of the charity.
Financial review
Net incoming/(outgoing) resources for the year are £5,087, (2022: £8,202)). The Restricted fund shows reserves available of £134,000 (2022: £29,742) and Unrestricted Funds o£ -£48,400 (2022 - £80,513).
The trustees will continue to focus on regular fundraising events and keeping governance costs as low as possible.
The trustees' intention in the coming year is to continue to increase the percentage of incoming resources used for charitable activities. Please refer to appendix at the back of the Trustees' report for more detail.
Plans for future periods
The strategy moving forward is to continue to raise awareness of the charity and its planned events. This will partly be achievable by providing continued support of other events organised by other entities.
Fundraising will continue to be conducted through public collections and events created by the Charity as well as attending larger events and shows which are organised by other entities.
This strategy is aimed at keeping costs of generating vital income as low as possible whilst continuing to raise the profile of the charity.
The charity is also hoping to form additional partnerships similar to those already existing which will enable support to be delivered to an even greater number of Veterans and their dependents.
The charity is also recruiting a number of Volunteer Area Fundraising Coordinators who will support the charity by organising fundraising collections and attending events in specific locations around the UK. This will help to enhance awareness of the charity's work as well as generate further income.
The trustees' annual report and the strategic report were approved on ..13[th] September 2024.. and signed on behalf of the board of trustees by:
General Sir R A Pascoe KCB MBE Trustee
Lieutenant-Colonel (Retired) V.R.Kent-Payne Trustee
- 3 -
The Veterans Charity
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 December 2023
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 5 | 143,544 | 134,000 | 277,544 | 229,386 |
| Investment income | 6 | 231 | – | 231 | 20 |
| -------------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | ||
| Total income | 143,775 | 134,000 | 277,775 | 229,406 | |
| ================================ | ================================ | ================================ | ================================ | ||
| Expenditure | |||||
| Test | 7,8 | 174,533 | 98,155 | 272,688 | 221,204 |
| -------------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | ||
| Total expenditure | 174,533 | 98,155 | 272,688 | 221,204 | |
| ================================ | ================================ | ================================ | ================================ | ||
| -------------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | ||
| Net income and net movement in funds | (30,758) | 35,845 | 5,087 | 8,202 | |
| ================================ | ================================ | ================================ | ================================ | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 80,513 | – | 80,513 | 72,311 | |
| -------------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | ||
| Total funds carried forward | 49,755 | 35,845 | 85,600 | 80,513 | |
| ================================ | ================================ | ================================ | ================================ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 7 to 13 form part of these financial statements.
- 4 -
The Veterans Charity
Company Limited by Guarantee
Statement of Financial Position (continued)
31 December 2023
| 2023 | 2022 | |||
|---|---|---|---|---|
| Note | £ | £ | £ | |
| Fixed assets | ||||
| Tangible fixed assets | 12 | 3,399 | 3,088 | |
| Current assets | ||||
| Stocks | 13 | 8,500 | 8,500 | |
| Cash at bank and in hand | 76,301 | 71,615 | ||
| ---------------------------- | ---------------------------- | |||
| 84,801 | 80,115 | |||
| Creditors: amounts falling due within one year | 14 | 2,600 | 2,690 | |
| ---------------------------- | ---------------------------- | |||
| Net current assets | 82,201 | 77,425 | ||
| ---------------------------- | ---------------------------- | |||
| Total assets less current liabilities | 85,600 | 80,513 | ||
| ---------------------------- | ---------------------------- | |||
| Net assets | 85,600 | 80,513 | ||
| ============================ | ============================ | |||
| Funds of the charity | ||||
| Restricted funds | 35,845 | 50,771 | ||
| Unrestricted funds | 49,755 | 29,742 | ||
| ---------------------------- | ---------------------------- | |||
| Total charity funds | 15 | 85,600 | 80,513 | |
| ============================ | ============================ |
For the year ending 31 December 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on ___2024, and are signed on behalf of the board by:
General Sir R A Pascoe KCB MBE Lieutenant-Colonel (Retired) V.R.Kent-Payne Trustee Trustee
The notes on pages 7 to 13 form part of these financial statements.
- 5 -
The Veterans Charity
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 December 2023
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Cash flows from operating activities | ||
| Net income | 5,087 | 8,202 |
| Adjustments for: | ||
| Depreciation of tangible fixed assets | 867 | 790 |
| Other interest receivable and similar income | (231) | (20) |
| Accrued (income)/expenses | (90) | 20 |
| ----------------------- | ----------------------- | |
| Cash generated from operations | 5,633 | 8,992 |
| Interest received | 231 | 20 |
| ----------------------- | ----------------------- | |
| Net cash from operating activities | 5,864 | 9,012 |
| ======================= | ======================= | |
| Cash flows from investing activities | ||
| Purchase of tangible assets | (1,178) | (2,448) |
| ----------------------- | ----------------------- | |
| Net cash used in investing activities | (1,178) | (2,448) |
| ======================= | ======================= | |
| Net increase in cash and cash equivalents | 4,686 | 6,564 |
| Cash and cash equivalents at beginning of year | 71,615 | 65,051 |
| ---------------------------- | ---------------------------- | |
| Cash and cash equivalents at end of year | 76,301 | 71,615 |
| ============================ | ============================ |
The notes on pages 7 to 13 form part of these financial statements.
- 6 -
The Veterans Charity
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Unit 7, Seven Brethren Bank, Barnstaple, Devon EX31 2AS.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds are unrestricted but earmarked by the Management Committee for particular purposes. Restricted funds are subject to restrictions on their expenditure imposed by the donor.
- 7 -
The Veterans Charity
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2023
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Costs of generating funds comprise trading costs for fundraising purposes. Charitable expenditure comprise costs incurred in delivery of activities for its beneficiaries. It includes costs allocated directly to such activities and costs of an indirect nature necessary to support them. Governance costs include costs associated with meeting constitutional and statutory requirements of the charity, and costs linked to the strategic management of the charity. All costs are allocated between expenditure categories of the SoFA on a basis designed to reflect the use of the resource.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment - 20% reducing balance
- 8 -
The Veterans Charity
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2023
3. Accounting policies (continued)
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
4. Limited by guarantee
The company is limited by guarantee and is no under the control of any one person.
5. Donations and legacies
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Donations | |||
| Donations (including event and merchandising | |||
| income) | 140,746 | – | 140,746 |
| Grants | |||
| Restricted Grants | – | 134,000 | 134,000 |
| Unrestricted Grants | 2,798 | – | 2,798 |
| -------------------------------- | -------------------------------- | -------------------------------- | |
| 143,544 | 134,000 | 277,544 | |
| ================================ | ================================ | ================================ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Donations | |||
| Donations (including event and merchandising | |||
| income) | 118,886 | – | 118,886 |
- 9 -
The Veterans Charity
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2023
3. Accounting policies (continued)
Grants
| Restricted Grants | – | 110,500 | 110,500 |
|---|---|---|---|
| Unrestricted Grants | – | – | – |
| -------------------------------- | -------------------------------- | -------------------------------- | |
| 118,886 | 110,500 | 229,386 | |
| ================================ | ================================ | ================================ |
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds are unrestricted but earmarked by the Management Committee for particular purposes. Restricted funds are subject to restrictions on their expenditure imposed by the donor. Grants totalling £134,000 (2022 -£110,500) were restricted for use solely the delivery of support services
6. Investment income
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2023 | Funds | 2022 | |
| £ | £ | £ | £ | |
| Bank interest receivable | 231 | 231 | 20 | 20 |
| ============== | ============== | ============== | ============== | |
| Expenditure on charitable activities by fund type | ||||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2023 | ||
| £ | £ | £ | ||
| Veterans Welfare | 166,594 | 97,179 | 263,772 | |
| Support costs | 7,939 | 976 | 8,916 | |
| -------------------------------- | ---------------------------- | -------------------------------- | ||
| 174,533 | 98,155 | 272,688 | ||
| ================================ | ============================ | ================================ | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2022 | ||
| £ | £ | £ | ||
| Veterans Welfare | 153,087 | 59,729 | 212,817 | |
| Support costs | 8,388 | – | 8,387 | |
| -------------------------------- | ---------------------------- | -------------------------------- | ||
| 161,475 | 59,729 | 221,204 | ||
| ================================ | ============================ | ================================ |
7. Expenditure on charitable activities by fund type
- 10 -
The Veterans Charity
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2023
8. Expenditure on charitable activities by activity type
| Activities | ||||
|---|---|---|---|---|
| undertaken | Support | Total funds | Total fund | |
| directly | costs | 2023 | 2022 | |
| £ | £ | £ | £ | |
| Veterans welfare | 263,772 | – | 263,772 | 212,817 |
| Governance costs | – | 8,916 | 8,916 | 8,387 |
| -------------------------------- | ----------------------- | -------------------------------- | -------------------------------- | |
| 263,772 | 8,916 | 272,688 | 221,204 | |
| ================================ | ======================= | ================================ | ================================ |
Costs in respect of direct charitable activity unrestricted income can be allocated as follows:
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Merchandise | 26,160 | 24,510 |
| Vehicle hire & motor | 12,536 | 11,550 |
| Veterans provisions, welfare and equipment ** | 29,907 | 27,693 |
| Support costs | 44,019 | 40,684 |
| Rent & Office costs | 17,547 | 10,999 |
| Tools & Equipment | 268 | 3,726 |
| Travel/accommodation, subsistence | 14,163 | 21,705 |
| Depreciation | 867 | 789 |
| Postage Printing & Stationary | 1,255 | |
| Advertising PR | 7,628 | 5,207 |
| Venue & entertainment hire | 12,244 | 8,145 |
| ---------- | -------- | |
| Total | 166,594 | 153,087 |
** Costs in respect of Veterans Provision , Welfare and Equipment is now split £29,907(2022 ££27,693) paid out above from Unrestricted Income and £94606 (2022 - £59,729) is paid out separately from "Restricted income received in 2023”
Governance Costs
| Governance Costs | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Accountancy fees | 3,690 | 3,956 |
| Sundry | 685 | 1,198 |
| Insurance | 2,183 | 1,985 |
| Computer & stationery | 854 | 1,022 |
| Telephone | 1,504 | 226 |
| -------- | -------- | |
| Total | 8,916 | 8,387 |
- 11 -
The Veterans Charity
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2023
9. Net income
Net income is stated after charging/(crediting):
| Net income is stated after charging/(crediting): | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Depreciation of tangible fixed assets | 867 | 790 |
| Operating lease rentals | 268 | 3,726 |
| ============== | ======================= |
10. Staff costs
The average head count of employees during the year was Nil (2022: Nil).
No employee received employee benefits of more than £60,000 during the year (2022: Nil).
11. Trustee remuneration and expenses
No remuneration is paid to the Trustees during the period.
12. Tangible fixed assets
| Equipment | Total | ||
|---|---|---|---|
| £ | £ | ||
| Cost | |||
| At 1 January 2023 | 8,549 | 8,549 | |
| Additions | 1,178 | 1,178 | |
| ----------------------- | ----------------------- | ||
| At 31 December 2023 | 9,727 | 9,727 | |
| ======================= | ======================= | ||
| Depreciation | |||
| At 1 January 2023 | 5,461 | 5,461 | |
| Charge for the year | 867 | 867 | |
| ----------------------- | ----------------------- | ||
| At 31 December 2023 | 6,328 | 6,328 | |
| ======================= | ======================= | ||
| Carrying amount | |||
| At 31 December 2023 | 3,399 | 3,399 | |
| ======================= | ======================= | ||
| At 31 December 2022 | 3,088 | 3,088 | |
| ======================= | ======================= | ||
| 13. | Stocks | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Raw materials and consumables | 8,500 | 8,500 | |
| ======================= | ======================= |
- 12 -
The Veterans Charity
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2023
14. Creditors: amounts falling due within one year
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| £ | £ | |||||
| Accruals and deferred income | 2,600 | 2,690 | ||||
| ======================= | ======================= | |||||
| 15. | Analysis of charitable funds | |||||
| Unrestricted funds | ||||||
| At | At | |||||
| 1 January | 20 | 31 Decembe | ||||
| 23 | Income | Expenditure | r 2023 | |||
| £ | £ | £ | £ | |||
| General funds | 80,513 | 143,775 | (174,533) | 49,755 |
||
| ============================ | ================================ | ================================ | ============================ | |||
| At | At | |||||
| 1 January | 20 | 31 December | ||||
| 22 | Income | Expenditure | 2022 | |||
| £ | £ | £ | £ | |||
| General funds | 72,311 | 118,906 | (161,475) | 29,742 |
||
| ============================ | ================================ | ================================ | ============================ | |||
| Restricted funds | ||||||
| At | At | |||||
| 1 January | 20 | 31 Decembe | ||||
| 23 | Income | Expenditure | r 2023 | |||
| £ | £ | £ | £ | |||
| Restricted Fund 1 - desc in a/cs | – | 134,000 | (98,155) | 35,845 |
||
| ============== | ================================ | ============================ | ============================ | |||
| At | At | |||||
| 1 January | 20 | 31 December | ||||
| 22 | Income | Expenditure | 2022 | |||
| £ | £ | £ | £ | |||
| Restricted Fund 1 - desc in a/cs | – | 110,500 | (59,729) | 50,771 |
||
| ============== | ================================ | ============================ | ============================ | |||
| 16. | Analysis of changes in net debt | |||||
| At | At | |||||
| 1 Jan 2023 | Cash flows | 31 Dec 2023 | ||||
| £ | £ | £ | ||||
| Cash at bank and in hand | 71,615 | 4,686 | 76,301 | |||
| ============================ | ======================= | ============================ | ||||
| 17. | Related parties |
The company was under the control of the management committee throughout the entire period. The company is limited by guarantee and is not under the control of any one person. No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the year.
- 13 -
The Veterans Charlty- charlty number 1123149 Independent examinerfs report to the trustees of The Veterans Charlty. As the charity trustee5 of the Charity, you are responslble for the preparation of the account5 in accordance I report on the accounts ol the company lor the year ended 31" December 2023, which are set out on page$ 5 to 13. Respectlve responsibilities of trustees and examlner The trustees (who are also the direttors of the cornp3ny foT the purpose ol company lawl are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144121 of rhe Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The £harity'5 8r055 incorne did exceed £250,000 but nevertheless I am qualified to undertake the examination by being 3 qualified member of ACA. Having sarisfied mysell that the charity is not subject to audit under company law and is eligible for independent examinatloTh, it is my responsibility to.. Examine the accounts under section 145 of the 2011 Act., To follow the procedure5 laid down in the general Directions 8Nen by the Charlty Commission under sertion 145lSllbl of the 2011 Act," and To state whether particular matters have come to my attention. Basis of independent examlnerfs report My &xamiriation was carried out in accordance with the general Directions given by the Charrty Commisslon. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presÈnted with those records. It also includes consideralion ol any unusual iterns or di5c105ures in the accounts, and seekin8 explanations from you as trustees concerning any such matters. The procedures undertaken do llot provide a15 the evidence that would be required in an audit and consequently no oplnion 1$ 8iveri a5 to whether the accounts present a'true and lair view. and the report Is limited to those rnatters set out in the statement below. Independent Èxaminerfs Statement In connettion with rny examination, no material matters have come to my attention in ¢¢nnection with the exarnination Riven rne cause to believe that in any rnaterial re5pect= accounting records were not kept in accordance with section 386 of the Companie5 Acr 2006-or section 130 of the Charite5 Act 2011 or the accounts do not accord with those records., or the accounts do not comply with the applicable requirement5 coverin8 the form and content of accounts set out in the Charities (Accounts and Reportsl Regulations 2008 other than any requirement that the accounts give a true ènd fair view which is not a rnatter considered a5 part of an independent examination. I have no concerns and have come across no other matters In connection with the e¥amination to which attention should be drawn in thi5 report in order to enable a proper understanding of the accounts to be reached Name.. Russell Thompson Relevant professonal qualilication or body.. Chartered Accountant Addre$5'. Sterling Offices, 30A Mi11 Street, 8edford, Bedfordshire, MK40 3HD Date.. 17 September 2024 RG Thompson 8A. ACA, CTA.