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2021-04-01-accounts

Charity Registration No. 1140832

Company Registration No. 07527322 (England and Wales)

VETERANS AT EASE LTD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

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VETERANS AT EASE LTD

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr J Heaps Mr PA Atkinson Mr SB Gowens Mrs CF Murrell Secretary Mr J Heaps Charity number 1140832 Company number 07527322 Registered office 11 Jackson Street Gateshead Tyne & Wear NE8 1EE Independent examiner Valued Accountancy 101 Viewpoint Derwentside Business Centre Consett Business Park Consett Co Durham DH8 6BN Bankers Co-operative Bank PO Box 250 Skelmersdale Lancashire WN8 6WT CAF Bank 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ

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VETERANS AT EASE LTD

CONTENTS

Page
Trustees’ report 1-7
Independent examiner’s report 8
Statement of financial activities 9
Balance sheet 10
Notes to the accounts 11-18

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VETERANS AT EASE LTD

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 MARCH 2021

The trustees present their report and accounts for the year ended 31 March 2021.

The accounts have been prepared in accordance with the accounting policies set out in Note 1 to the accounts and comply with the charity's governing document, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)”

Objectives and activities

Veterans at Ease (Charity number 1140832) is constituted as a company limited by guarantee (company number 07527322) incorporated on the 11[ th ] February 2011.

Its objective is to relieve the mental and physical sickness of military and civil emergency veterans and their families through the provision of support, counselling and other activities; throughout the United Kingdom.

Public Benefit

In accordance with S.4 of the Charities Act 2011, the trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing aims and objectives and in planning future activities. In particular, the trustees have considered how planned activities will contribute to the aims and objectives they have set.

Administrative activity

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Activities undertaken during the year are projects or services that help the charity deliver its objectives.

During any one year the charity administers the following tasks:

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VETERANS AT EASE LTD

TRUSTEES’ REPORT (CONTINUED) (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 MARCH 2021

Overview

Unfortunately, for most of this reporting period the country was dealing with the Covid-19 outbreak and its devastating effects. From 23[ rd ] March 2020, when the UK went into its first lockdown our plans for the charity and the enterprise immediately changed from growth and expansion to how we could continue to support our beneficiaries whilst ensuring our survival and staying solvent.

Our shops were initially closed for 3 months, yet they still had significant running costs to pay. Importantly, if they weren’t making money, they couldn’t support the core work of the charity at a time when almost all our anticipated unrestricted funding from events and general donations suddenly disappeared, which represented 60% of our annual income.

However, we were pleased to see flexibility and additional support from grant-makers, and support from the Local Authorities (Gateshead and North Tyneside) and Central Government by way of grants and the Job Retention Scheme. These measures provided very welcome cashflow for the charity and the enterprise.

Our Senior Management team worked hard to successfully secure additional grants to replace the lost unrestricted funding.

Throughout this pandemic our team of therapists continued to support our beneficiaries. Although during the first lockdown we were not able to provide our usual face-to-face therapy, we were able to adapt and change and be more innovative in our approach, providing online therapy, which was a lifeline for so many of our beneficiaries. Then when safety permitted, we could start back with face-to-face support out of our Gateshead therapy centre.

Over the Summer months the shops opened again, providing some hope that we would return to normal, where we could organise fundraising events again. However, this was short lived with a further lockdown in November, then another January to April 2021.

Although financially, the charity has continued to go from strength to strength, ending the year with significantly higher reserves than the previous year, despite Covid-19 (£135,211 vs £69,196), it was extremely challenging as we saw a huge increase in demand for our services. Whereas traditionally we would have beneficiaries exiting our services, as new beneficiaries start their journey with us, the past 12 months proved to be very different, with very few beneficiaries exiting. Clearly, they were using the weekly therapy sessions as a form of comfort, to avoid isolation during the lockdown periods. At the same time, we saw an increase in demand compared to previous years. Despite this, we continue to work with no waiting time, or waiting list – something we are very proud of.

Throughout this pandemic we supported our NHS and other uniformed services. The experiences and issues our NHS staff went through, especially in the early days, can only be likened to what soldiers and medics go through in a war zone. So with our expertise in this area, we are perfectly placed to support them.

In November 2021, the enterprise took advantage of the Government’s Bounce Back Loan which it has used to safeguard the business and open two new shops. So, although outside of the reporting period, in June 2021 the enterprise opened its Byker shop and in October 2021 it opened its South Shields shop. Importantly for the charity, the South Shields shop also hosts a second therapy centre, training room and therapy office space, all provided free of charge to the charity.

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VETERANS AT EASE LTD

TRUSTEES’ REPORT (CONTINUED) (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 MARCH 2021

These two new shops and therapy centre received significant financial support from the Sage Foundation, for which we are very grateful.

Fundraising activity

With the exception of the Atlantic Row Challenge which has its own dedicated team of fundraisers, our capacity to support fundraising initiatives remains quite limited. Add to that Covid-19, which has resulted in most activities being either hugely scaled down or cancelled - making 2020/2021 a very difficult year for our charity in terms of unrestricted funding. Even small amounts of income from collection tins in pubs and other establishments all but dried up, with most of these establishments closed for extended periods of time.

During this reporting period we relied heavily on grants from trusts and foundations, as well as Government support via the Job Retention Scheme or Furlough. This is reflected in our accounts, which shows almost 80% of our income as restricted, so from trusts and foundations, or for the Atlantic Row, and only 20% from the general public and fundraising activities, with much of that coming from the enterprise once the shops were open again. Whereas in the previous year this percentage split was closer to 50/50.

However, we were able to retain the services of a Social Media Consultant, who has been working with us to improve our online / social media presence. Our posts are more professional, with a clear brand identity and more targeted to the market we are aiming at. We will continue with this service for the foreseeable future.

Structure Governance and Management

Registered as a charity, Veterans at Ease is also a Company Limited by Guarantee and its members/directors are the Trustees.

The trustees, who are also the directors for the purpose of company law, and who served during the year April 2020 to March 2021 were:

Mr P A Atkinson - Chairman Mr J Heaps - Secretary Mrs C Murrell - Treasurer Mr S B Gowens – Trustee

New trustees are invited and appointed by the presiding Trustees who aim to achieve a good mix of professional skills on the Board that will benefit the charity. Each new trustee undergoes a brief induction programme that includes the charity’s objectives, financial standing and aims.

The Trustees collectively are responsible for directing the affairs of the charity ensuring that it is solvent, well run and delivering the charitable outcomes for which it was set up and ensuring compliance with charity law and all other legislation and regulators. The Trustees also determine strategy and key objectives and vote on major policy decisions affecting the charity, which they then monitor through regular meetings.

The Trustees are responsible for appointing a Chief Executive and it is he/she who is the link between the Board and staff. The Chief Executive is responsible for staff leadership, management, administration as well as the clinical and operational aspects of the charity in the execution of the Board of Trustees policies.

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VETERANS AT EASE LTD

TRUSTEES’ REPORT (CONTINUED) (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 MARCH 2021

Without exception the public who support this service would agree that their reason for doing so is to ensure that those veterans and their families who are affected by Post-Traumatic Stress Disorder and other combat-related mental health issues receive the best possible treatment in the timeliest period and this is why our mission “ To offer an effective service to quickly reduce the mental suffering of veterans and their families living with trauma” and our core-value of “to make the care and safety of our beneficiaries our first concern” remains unchanged.

In determining the long-term strategy and to achieve our mission, the Trustees will always consider one of the two following questions:

No decision is ever made without a great deal of thought and evaluation of the impact of the decision taking place.

In pursuit of the charity’s mission the Trustees follow a consistent strategy specifically designed to control costs and increase income whilst improving services to our beneficiaries.

Our strategic direction has been maintained throughout 2020/21 and the growth in the number of beneficiaries we are helping is increasing, currently beyond expected target.

The Trustees are pleased to report that the charity continues to deliver its stated mission and the short and long-term strategic aims are being met.

Risk Management

As part of their responsibilities the Trustees ensure that the major risks to which the charity is exposed are reviewed and systems established to mitigate those risks. Procedures are in place covering strategic, clinical, financial, compliance, reputation and data protection: these are regularly monitored and reviewed on an annual basis by both the Chief Executive and the Board of Trustees. We also have a full Covid-19 risk assessment and risk matrix in place, as well as revised procedures for the workplace.

Results

The aim of Veterans at Ease is to reduce the mental suffering of beneficiaries resulting from their time whilst serving in Her Majesty’s Armed Forces.

During this period we have seen more beneficiaries engage with our services and go on to lead more peaceful and productive lives. Evidence of the effectiveness of our services can be found in the testimonials that our beneficiaries write after they have finished engaging with our services.

Currently we have a success rate of 80-85% derived from a series of questionnaires completed by beneficiaries during the course of their therapy (C.O.R.E.)

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VETERANS AT EASE LTD

TRUSTEES’ REPORT (CONTINUED) (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 MARCH 2021

We have so far helped 456 beneficiaries, with 103 in the past year, of those helped overall over 100 were suicidal and are now no longer.

From our administrative endeavours the charity has remained legally compliant in all aspects of the business. The systems, policies and procedures have all been reviewed and where necessary improved upon.

Providers of services, goods and equipment have been carefully monitored to ensure best value and cost effectiveness.

The financial controls of the charity ensure continued sound financial governance with scope for further growth and our clinical staff continue to adhere to their professional registration requirements.

Financial Review

Overall, the financial position of the organisation during the year 2020/21 improved on that of 2019/20, showing year-end reserves of £135,211 compared to £69,196 in 2020. Of this, £53,656 is unrestricted and £81,555 restricted.

Cautiously, due to the lack of fundraising events we were able to attend or organise, our dependency in the past year has been on grant funding. So, we must be aware going forward, as we will be ineligible to apply for many of the trust funds we would usually go to, either because we have a grant with them already, or it is too soon since the last one. We must therefore ensure we reinstate as many fundraising events as possible in the coming 12 months.

Despite Covid-19, the strategy developed in previous years is clearly working, we continue to build reserves, providing job security to our employees and looking at ways to develop the organisation and expand our services so we can support even more reservists, veterans and family members find peace of mind.

For many years, Veterans at Ease was a small organisation, with just one paid staff member, whilst we built stability and financial security. In 2019 we felt strong enough to employ a part-time Office Manager to support the charity and the CEO. In 2020 we expanded the number of sessional therapists we employ and we continue to grow that, having employed two more therapists in 2021, currently in training, and recently an office / finance assistant.

During the period in question, total income was £159,335, up from £132,241 in 2020 and £63,070 in 2019.

During this period the Trustees also agreed to support an initiative to enter the Talisker Whiskey Atlantic Challenge. This project is being spearheaded by our CEO, Garreth Murrell, who along with three other veterans, will take part in the challenge between December 2022 and February 2023 – a challenge that will require them to row 3,000 miles across the Atlantic Ocean unassisted. This project will cost around £100,000 with monies raised from sponsorship and fundraising events – all income and expenditure is reflected in these accounts. The Trustees wish them every success in their endeavour.

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VETERANS AT EASE LTD

TRUSTEES’ REPORT (CONTINUED) (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 MARCH 2021

The Trustees also agreed that it is the right time for the charity to expand its services, with East Anglia identified as the first area to concentrate on. Although outside of this reporting period, plans are now in place for this expansion.

In 2015 the charity was delighted to have an endowment fund set up in its name, and for its benefit. This fund, held exclusively and administered on its behalf by CDCF, has continued to grow over the past year through the reinvestment of interest and yield, a monthly transfer from the charity and a small personal monthly contribution from Veterans at Ease’s Chief Executive. At 31[ st ] March 2021, the value of the fund was £11,517.

Future Plans – Strengthening, Growing, Training

The organisation is looking forward to a positive future. Many of our plans have been delayed due to Covid-19. However, they are still very in the pipeline.

Our key activities for 2021/22 will be:

Thanks

We could not have survived and continued to thrive during the past year without the numerous trusts and foundations that have believed in us and the work we do. At such a difficult time, with so many charities struggling for survival, we have been humbled by the continued support provided. Grants during the reporting period came from Sir James Knott Trust, William Leech Charity, Big Lottery (Awards for All), William Webster Charitable Trust, CDCF, Robert Clutterbuck Foundation, Albert Hunt Trust and Karbon Homes.

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VETERANS AT EASE LTD

TRUSTEES’ REPORT (CONTINUED) (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 MARCH 2021

Our Atlantic Row campaign has also attracted corporate donations from Landmarc, Reds10 UK Ltd, UK Connect Ltd, GPT Waste Management and Briggs Equipment UK Ltd.

We have also continued to receive support from our corporate friends including Red One Energy, Sharkbait Studios and Valued Accountancy. And we must give a very special thanks to Sage Foundation who have continued to support us to help us expand and grow.

And finally, we would like to extend our continued thanks to the scores of volunteers who support us, helping us to carry out our services, helping us to save lives.

The trustees' report was approved by the Board of Trustees.

..............................

Christina Murrell - Treasurer

15 / 12 / 2021 Dated: .........................

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VETERANS AT EASE LTD

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF VETERANS AT EASE LTD

Independent examiner’s report to the trustees of Veterans At Ease Limited (‘the Company’)

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.

Respective responsibilities and basis of report

As the charity’s trustees of the Company (who are also the directors of the company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).

Having satisfied myself that the accounts of the Company are not required to be audited for this year under the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that:

• accounting records were not kept in accordance with section 386 of the Companies Act 2006; or

• the accounts do not accord with such records; or

• the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or

•the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).

Valued ACCA 101 Viewpoint Derwentside Business Centre Consett Business Park Consett Co Durham DH8 6BN

15 / 12 / 2021 Dated: ……………………………………

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VETERANS AT EASE LTD

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021

Notes
Incoming resources
Donations and legacies
2
Other trading activities
3
Investment income
4
Total income
Charitable expenditure
Fund raising
3
Charitable activities
5
Total expenditure
Net income for the year
Movement in funds
Net movement in funds
Fund balances at 1 April 2020
Fund balances at 31 March
2021		 Unrestricted
Funds
£
29,510
4,276
1,238
35,024
5,072
17,652
22,724
12,300
-
12,300
41,356
53,656		 Restricted
Funds
£
124,311
-
-
124,311
-
70,596
70,596
53,715
-
53,715
27,840
81,555		 2021
Total
£
153,821
4,276
1,238
159,335
5,072
88,248
93,320
66,015
-
66,015
69,196
135,211		 2020
Total
£
112,229
18,804
1,208
132,241
15,558
72,270
87,828
44,413
-
44,413
24,783
69,196

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

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VETERANS AT EASE LTD

BALANCE SHEET AS AT 31 MARCH 2021

_________
Notes
Fixed assets
Investments
8
Tangible assets
9
Current assets
Stock
Cash at bank and in hand
Creditors: amounts falling due
within one year
10
Net current assets
Net current assets / (liabilities)
Funds
Restricted funds
11
Unrestricted funds
Total Funds		 ____
2021
£
£
11,517
65,981
-
60,944
60,944
3,232
57,712
135,211
81,555
53,656
135,211		 _
£
4,186
44,800		 __
2020
£
9,914
12,675
46,607
69,196
27,840
41,356
69,196
60,944
3,232		 48,986
2,379

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 20

The members have not required the company to obtain an audit in accordance with Section 476 of the Companies Act 2006.

The Trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the special provisions of Part 15 of the companies Act 2006 relating to charitable small companies.

The financial statements were approved by the board of directors and authorised for issue and are signed on its behalf by:

………………………………………

Mr PA Atkinson ( Trustee) Company Registration No. 07527322

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VETERANS AT EASE LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

Company information

Veterans at Ease Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is 11 Jackson Street, Gateshead, Tyne and Wear, NE8 1EE

1.1 Accounting convention

These accounts have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”), “Accounting and Reporting by Charities” the Statement of Recommended Practice for charities applying FRS 102, the Companies Act 2006 UK Generally Accepted Accounting Practice as it applies from 1 January 2019. The charity is a Public Benefit Entity as defined by FRS 102.

The accounts have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice, which is referred to in the Regulations, but which has since been withdrawn.

The accounts are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The accounts have been prepared on the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the accounts, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the accounts.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the accounts.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income recognition policies

Donations and other forms of voluntary income are recognised as incoming resources when receivable, except insofar as they are incapable of financial measurement.

Grants are deferred where there are pre-conditions outside of the charity’s control. Once these conditions have been met the grant will be recognised in the Statement of Financial Activities.

Grants are accounted for as soon as the charity is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the charity is probable.

Income tax recoverable on Gift Aid donations is recognised when the income is received.

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VETERANS AT EASE LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Accounting policies (Continued)

1.5 Expenditure

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Expenditure is recognised on an accruals basis as a liability is incurred.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity.

All costs are allocated between the expenditure categories of the SOFA on the basis designed to reflect the use of the resource. Costs are analysed in the notes to the accounts as requested by the trustees. This is a departure from the SORP which requires support costs to be allocated between the different activities engaged. The analysis in these accounts is thought to provide a more meaningful analysis to the readers of the accounts.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised to write off the cost or valuation of assets less their residual values over their useful lives. During the year it was agreed that the useful life of assets is 4 years and on that basis the depreciation rate was amend to the following bases:

Fixtures, fittings & equipment 25% Straight Line Motor Vehicles 25% Reducing Balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in net income/(expenditure) for the year.

1.7 Taxation

The Trust is a registered charity and is not liable to United Kingdom income or corporation tax on charitable activities, provided income falls within the charitable exemptions and is spent on charitable purposes.

2 Donations and legacies

Donations
Grants receivable
Gift Aid		 Unrestricted
Funds
£
22,959
6,551
29,510		 Restricted
Funds
£
124,311
-
124,311		 2021
Total
£
147,270
-
6,551
153,821		 2020
Total
£
110,461
-
1,768
112,229

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VETERANS AT EASE LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

3
Other trading activities
Income
Total Warrior
Small Events
Costs
Total Warrior
Merchandise
Other
Net income from trading activities
4
Investments
Veterans at Ease Endowment Fund		 2021
£
269
4,007
4,276
2021
£
-
-
5,072
5,072
(796)
2021
£
1,238		 2020
£
17,462
1,342
18,804
2020
£
12,393
472
2,693
15,558
3,246
2020
£
1,208

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VETERANS AT EASE LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

5
Charitable activities
Office rent
Bank fees
Training
Safeguarding
Website
Computer software
Travel and accommodation
Printing, postage and stationery
Equipment repairs and renewals
Depreciation and impairments
Advertising
Insurance
Sundry expenses
Salaries
Therapy Costs
Telephone
Staff pension costs
Subscriptions
Employers N.I.
CDCF
Funds split
Restricted
Unrestricted		 2021
£
150
221
4,575
2,378
240
2,213
887
909
1,312
3,169
-
1,052
7,071
51,690
6,825
1,386
1,364
1,797
709
300
88,248
70,596
17,652
88,248		 2020
£
910
202
3,915
-
-
195
3,615
416
43
4,225
562
1,206
461
52,817
1,239
518
1,370
576
-
72,270
41,499
30,771
72,270

6 Trustees

During the year no Trustee received any remuneration or benefits from the charity.

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VETERANS AT EASE LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

7
Employees
The average number of employees
during the year was
Employment Costs
Wages and salaries
Social security costs
Employer Pension Contributions		 2021
2
2021
£
51,690
709
1,364
53,763		 2020
2
2020
£
50,611
2,206
1,370
54,187

There were no employees whose annual remuneration was £60,000 or more.

Gareth Murrell, who acts as CEO for the charity, was paid £37,224 remuneration during the year.

During the year pension contributions were paid into a defined pension contribution scheme totalling £1,364 (2020 – £1.370)

8
Investments
Veterans at Ease Endowment Fund		 2021
£
11,517		 2020
£
9,914

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VETERANS AT EASE LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

9 Tangible fixed assets

Cost
At 1 April 2020
Additions in year
Disposals
At 31 March 2021
Depreciation and impairment
At 01 April 2020
Depreciation charged in the year
Depreciation on disposals
At 31 March 2021
Net book value:
At 31 March 2021
At 31 March 2020		 Fixtures,
fitting &
equipment
£
21,677
56,475
0
78,152
9,002
3,169
0
12,171
65,981
12,675

10 Creditors: amounts falling due within one year

Other taxation and social security
Pensions payable
Accruals and deferred income		 2021
£
1,180
812
1,240
3,232		 2020
£
1,686
-
694
2,380

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VETERANS AT EASE LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

11 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpected balances of donations and grants held on trust for specific purposes:

Movement in funds
Balance at 1st April Incoming Resources Balance at 31 March
2020 resources expended Transfers 2021
£ £ £ £ £
Job Retention 25,576 25,576 - -
Sage Foundation 577 417 - 161
Sage Foundation
Refurbishment Grant 12,933 4,833 - 8,100
UPS 163 163 - -
Barbour Foundation 513 513 - -
Sir James Knott Trust 1,500 5,000 4,096 - 2,404
William Leech Charity 400 400 - -
William Leech Charity (Training & Research) 2,000 2,000 - -
Awards for All 7,211 7,211 - -
Awards for All (Covid) 10,000 10,000 - -
William Webster CT 3,000 3,000 - -
Robert Clutterbuck
Foundation 2,960 2,960 - -
CDCF (Covid) 5,000 5,000 - -
Groundworks (Comic
Relief) 2,190 1,975 - 215
Albert Hunt Trust 3,000 1,687 - 1,313
Karbon Homes 1,000 500 - 500
Atlantic Row Challenge 4,278 64,585 - - 68,862
DCC MIF (C2122) 265 265 - -
27,840 124,311 70,596 - 81,555

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Doc ID: 5d6fe802941ebbc8b625cd15bdc6512d4338de6f

VETERANS AT EASE LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

12
Analysis of net assets between funds
Fund balances at 31 March 2021 are represented by:
Investments
Tangible assets
Current assets / (liabilities)		 Unrestricted
Restricted
Funds
Funds
Total
£
£
£
11,517
-
11,517
9,506
56,475
65,981
32,632
25,080
57,712
53,655
81,555
135,211

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Doc ID: 5d6fe802941ebbc8b625cd15bdc6512d4338de6f

Audit trail

TITLE Veterans at Ease Ltd Accounts - Signature Required FILE NAME Final Accounts v2...- Google Docs.pdf DOCUMENT ID 5d6fe802941ebbc8b625cd15bdc6512d4338de6f AUDIT TRAIL DATE FORMAT DD / MM / YYYY STATUS Completed

14 / 12 / 2021 Sent for signature to Christina Murrell 18:06:59 UTC (christina@veteransatease.org) and Valued (stephen@yourvalued.co.uk) from esign@yourvalued.co.uk IP: 176.250.176.168 15 / 12 / 2021 Viewed by Christina Murrell (christina@veteransatease.org) 12:40:57 UTC IP: 86.25.204.190 15 / 12 / 2021 Signed by Christina Murrell (christina@veteransatease.org) 12:48:34 UTC IP: 86.25.204.190 15 / 12 / 2021 Viewed by Valued (stephen@yourvalued.co.uk) 12:49:22 UTC IP: 176.250.176.168 15 / 12 / 2021 Signed by Valued (stephen@yourvalued.co.uk) 13:02:03 UTC IP: 176.250.176.168 15 / 12 / 2021 The document has been completed. 13:02:03 UTC