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2023-04-01-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 2023

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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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TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 MARCH 2023

VETERANS AT EASE LTD

The trustees present their report and accounts for the year ended 31 March 2023.

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 2023

Atlantic Rowing Team, which saw our CEO and three other veterans take part in the Talisker Whisky Atlantic Challenge, rowing from La Gomera to Antigua in a time of 45 days, 1 hour and 54 minutes, arriving safely on 26[th] January 2023.

In addition to the unrestricted funding, the charity managed to secure £66,300 in restricted grants to support specific elements of its service. We very gratefully continued to receive support from Sir James Knott Trust, Barbour Foundation, Albert Hunt, Edward Gostling Foundation, CDCF and Big Lottery, but we also managed to secure funding from new sources like Veterans Foundation, Durham Freemasons, Grocer’s Charity, and the ABF. The boost in unrestricted income took the charity’s monies held in the bank from £24,479 to £30,747, with a pledge of a further £45,000 due in April 2023 (outside of the reporting period) from the sale of the Rannoch R45 to another ocean rowing team.

Our social enterprise has also continued to grow during this reporting period. In July 2022 we opened our first Tees Valley shop on the main High Street of Stockton-on-Tees and in February 2023 we opened our third Norfolk-based shop in its capital Norwich, bringing the number of shops to 8 and therapy centres to 4. Although outside of this reporting period, the enterprise has continued with its expansion plans, with an E-bay shop launched in June 2023 and our first Northumberland-based shop opened in Blyth in October 2023. We are delighted with the efforts of the enterprise, and the commitment and dedication that its 36 staff give to the charity. It is also a great achievement to see its continued growth, since starting trading in June 2018, as it opens its 10[th] shop.

In recognition of the enterprise’s achievements over the past few years, it is Managing Director was invited to address an All-Party Parliamentary Group around the importance of social investment and the difference it has made to us.

The charity had it is time in the spotlight too, receiving international recognition for its outstanding contribution to the community through an award from the ANLP (Association of Neurolinguistic Practitioners) and becoming a gold award holder for the MOD’s Employer Recognition Scheme.

In addition, we have continued to support our beneficiaries with a further 37 supported during this reporting period. Covid was a difficult period for the charity, as it saw a huge reduction in income paralleled with an increase in demand. However, whilst the charity went into Covid very much NorthEast based because we were able to adapt and innovate our approach during the pandemic, we came out the other side a truly national charity. So, unsurprisingly, during this reporting period we have seen a much wider geographical spread of engagement, with beneficiaries able to either attend one of our four therapy centres located across the North-East and Norfolk or engage with our therapists online.

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VETERANS AT EASE LTD

TRUSTEES’ REPORT (CONTINUED) (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 MARCH 2023

Fundraising activity

With the exception of the Atlantic Row Challenge which had its own dedicated team of fundraisers, our capacity to support fundraising initiatives remained quite limited. However, we were delighted that Total Warrior was back up and running, with special thanks to Sage Group for match funding their participants, and we managed to combine this fundraiser event with showcasing the Atlantic Rowing Team to raise awareness for our charity. During the Summer one of our Trustees, Saul Gowens, coorganised a successful golf day on our behalf, some intrepid walkers took on a 54-mile challenge to go from Scarborough to Marsk-by-the-Sea, and one volunteer wild camped over multiple days, whilst teaching survival skills.

During this period, we also set up a partnership with Fortune 100 to receive funds from pull-tab machines placed in various locations across the Gateshead area. This brings in unrestricted funds every two weeks so is another important source of income for us.

As always, we are very grateful to the social enterprise that provides around £30,000 per annum in inkind donations by way of free rent, utilities, and other back-office costs, as well as providing unrestricted income from its profits.

Any monies raised by the Atlantic Rowing Team went to support their campaign to take part in the Talisker Whisky Atlantic Challenge in December 2022. And whilst the funding raised was ringfenced for that, it would not have been possible without the impressive support of the team’s corporate sponsors. These included Landmark Solutions, various North-East Rotary Clubs and District, Newcastle Roundtable, Royal Artillery Charity, Enterprise Rent-A-Car Ltd, Pearsons Engineering, UPS, Amazon, and St Pierre Group. The team’s amazing achievement was marked in March 2023 with a black-tie dinner

attended by many of the sponsors and corporate supporters of our work.

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 2022 to March 2023 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.

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VETERANS AT EASE LTD

TRUSTEES’ REPORT (CONTINUED) (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 MARCH 2023

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.

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 2022/23 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 risk assessments and risk matrix in place, as well as procedures for the workplace.

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VETERANS AT EASE LTD

TRUSTEES’ REPORT (CONTINUED) (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 MARCH 2023

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.)

We have so far helped over 500 beneficiaries, with 37 in the past year, of those helped overall around 40% present with thoughts of suicide.

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 in 2022/23 was slightly down to that of 2021/22. Our current year-end reserves are £72,774 compared to £79,671 in 2021/22. Of this, £23,700 is restricted and £49,074 is unrestricted.

We still depend on grant funding to provide our full service. However, we have noticed an increase in unrestricted funding through corporate support and fundraising initiatives by members of the general public.

Although outside of the funding period, we have a very positive future with monies coming in from the sale of the Atlantic Challenge boat, a match-funding grant with Go North East and a partnership agreement with Launchpad to provide support under Op Fortitude.

Our focus will continue to be on increasing our reserves, especially unrestricted. However, we are also moving into a period of expansion of our pool of therapists, so we will need to work hard to secure funding to cover the expensive costs associated with ensuring we have the highest qualified psychotherapists, at all times.

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VETERANS AT EASE LTD

TRUSTEES’ REPORT (CONTINUED) (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 MARCH 2023

For many years, Veterans at Ease was a small organisation, with just one paid staff member. This tide has definitely turned. So, by the end of this reporting period, we had 3 employed staff and several sessional therapists.

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 2023, the value of the fund was £16,752.

Future Plans – Strengthening, Growing, Training

Our initial aim was to continue expanding our services to ensure we are physically located in the heart of the community we serve. This is still very much our priority, with two new therapy centres being opened during this reporting period. However, Covid proved to be a very good learning curve for our organisation, forcing us to adapt and innovate how we support our beneficiaries online, which has worked very well. We went into Covid a North-East charity and came out the other end a national charity. So, as well as continuing our physical expansion, we are also concentrating on recruiting therapists from across the UK who can work remotely as required.

We need to build reserves, in order to provide job security to our employees so we can continue to support even more reservists, veterans and family members find peace of mind.

The organisation is looking forward to a positive future.

Our key activities for 2023/24 will be:

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VETERANS AT EASE LTD

TRUSTEES’ REPORT (CONTINUED) (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 MARCH 2023

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. So, our thanks go to those.

We have also continued to receive support from our corporate friends including John Lewis Partnership, Sage Group, Sharkbait Studios and Valued Accountancy, which is so important to us, so our thanks go to the management team and the employees who put us forward.

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 and the individual members of the general public who contribute to us monthly, annually and at our events.

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

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

Christina Murrell - Treasurer

08 / 12 / 2023 Dated: .........................

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

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 2023.

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

09 / 12 / 2023 Dated: ……………………………………

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VETERANS AT EASE LTD

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023

----- Start of picture text -----
________________
Unrestricted Restricted 2023 2022
Notes Funds Funds Total Total
£ £ £ £
Incoming resources
Donations and legacies 2 33,577 66,300 99,877 118,296
Other trading activities 3 92,047 - 92,047 4,915
Investment income (loss) 4 623 - 623 (713)
Total income 126,247 66,300 192,547 122,498
Charitable expenditure
Fundraising 3 71,574 - 71,574 37,753
Charitable activities 5 72,845 55,025 127,870 140,285
Total expenditure 144,419 55,025 199,444 178,038
Net income for the year (18,172) 11,275 (6,897) (55,540)
Movement in funds 52,644 - - -
Net movement in funds (18,472) 41,369 (6,897) (55,540)
Fund balances at 1 April 2022 14,602 65,069 79,671 135,211
Fund balances at 31 March
2023 49,074 23,700 72,774 79,671
----- End of picture text -----

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 2023

----- Start of picture text -----
2023 2022
Notes £ £ £ £
Fixed assets
Investments 8 16,752 14,943
Tangible assets 9 37,115 49,486
Current assets
Stock - -
Cash at bank and in hand 30,902 24,479
30,902 24,479
Creditors: amounts falling due
within one year 10 11,995 9,237
Net current assets 18,907 15,242
Net current assets / (liabilities) 72,774 79,671
Funds
Restricted funds 11 23,700 65,069
Unrestricted funds 49,074 14,602
Total Funds 72,774 79,671
----- End of picture text -----

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023

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:

08 / 12 / 2023

……………………………………… 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 2023

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 as far 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 2023

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		 n
r
e
s

r

c

e

F
u
n
d
s
£
33,339
238		 e
s

r

c

e

F
u
n
d
s
£
66,300
-		 T
o
t
a
l
£
99,639
-
238		 T
o
t
a
l
£
117,517
-
779
33,577 66,300 99,877 118,296

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VETERANS AT EASE LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

3 Other trading activities

----- Start of picture text -----
2023 2022
Income £ £
Atlantic Row 69,269 -
Total Warrior 10,193 45
Boxing Night - 1269
Poker Evening - 1824
Estonia Assault - 1262
Golf Day 3,030 -
Bush Tucker Trials 4,250 -
54 Mile Walk 3,098 -
Small Events 2,207 515
92,047 4,915
2023 2022
Costs £ £
Atlantic Row 66,155 -
Total Warrior 1,713 2,750
Small Events 2,161 966
Other 1,545 72
71,574 3,788
Net income from trading activities 20,472 1,127
4 Investments
2023 2022
£ £
Veterans at Ease Endowment Fund 623 (713)
----- End of picture text -----

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

----- Start of picture text -----
5 Charitable activities
2023 2022
£ £
Bank fees 217 235
Training 3,600 3,880
Safeguarding 795 2,835
Website 1,134 534
Computer software 1,286 511
Travel and accommodation 3,035 171
Printing, postage and stationery 1,523 1,161
Equipment repairs and renewals 5,414 25,732
Office repairs and renewals 688 557
Depreciation and impairments 12,371 16,495
Advertising - 350
Insurance 1,189 1,125
Sundry expenses 435 73
Salaries 74,616 62,939
Sessional therapy costs 7,859 13,050
Staff pension costs 1,756 1,651
Subscriptions 3,339 1,170
Employers N.I. 6,769 6,016.00
CDCF 1,800 1,800
127,826 140,285
Funds split
Restricted 55,025 77,371
Unrestricted 72,845 62,914
127,870 140,285
----- End of picture text -----

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 2023

----- Start of picture text -----
7 Employees
2023 2022
The average number of employees
during the year was 4 3
Employment Costs 2023 2022
£ £
Wages and salaries 74,616 62,939
Social security costs 6,769 616
Employer Pension Contributions 1,756 1,651
83,141 65,206
There were no employees whose annual remuneration was £60,000 or more.
Gareth Murrell, who acts as CEO for the charity, was paid £48,165 remuneration during the year.
During the year pension contributions were paid into a defined pension contribution scheme totalling
£1,756 (2022 – £1,651)
8 Investments
2023 2022
£ £
Veterans at Ease Endowment Fund 16,752 14,943
----- End of picture text -----

During the year pension contributions were paid into a defined pension contribution scheme totalling £1,756 (2022 – £1,651)

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

9 Tangible fixed assets

----- Start of picture text -----
Fixtures,
fitting &
equipment
£
Cost
At 1 April 2022 78,152
Additions in year -
Disposals -
At 31 March 2023 78,152
Depreciation and impairment
At 01 April 2022 28,666
Depreciation charged in the year 12,371
Depreciation on disposals -
At 31 March 2023 28,666
Net book value:
At 31 March 2023 37,115
At 31 March 2022 49,486
----- End of picture text -----

10 Creditors: amounts falling due within one year

Other taxation and social security
Pensions payable
Accruals and deferred income		 2
0
2
3
£
1,598
3,561
6,836
11,995		 2
0
2
2
£
1,634
2,083
5,519
9,236

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VETERANS AT EASE LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

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:

ABF The Soldiers' Charity
Albert Hunt Trust
Atlantic Row
Barbour Foundation
Big Lottery Awards For All
CDCF Rackley Battour Family
fund
Durham Freemasons
Edward Gostling Foundation
Grocers' Charity
Joicey Trust
Sage Foundation (Total Warrior)
Sir James Knott
Veterans Foundation		 Movement in funds
Balance at
Incoming
Resources
Funds
Balance at
1 April 2022
resources
expended
Transfer
31 March
2023
£
£
£
£
-
5,400
-
5,400
-
4,000
4,000
-
52,644
-
-
52,644
-
-
10,000
8,750
1,250
8,600
9,900
10,250
8,250
-
2,000
450
1,550
-
5,000
3,500
1,500
-
10,000
8,750
1,250
-
5,000
500
4,500
225
-
225
-
1,900
-
1,900
-
1,700
-
1,700
-
-
15,000
15,000
-
65,069.00
66,300.00
55,025.00
52,644.00
23,700.00

-17-

Doc ID: eb652dfb9fe42d689c4e08174ec3571a94aa7c38

VETERANS AT EASE LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

12 Analysis of net assets between funds
Fund balances at 31 March 2023 are represented by:
Investments
Tangible assets
Current assets / (liabilities)		 U
n
r
e
s
t
r
i
c
t
e
d
R
e
s
t
r
i
c
t
e
d
F
u
n
d
s
F
u
n
d
s
T
o
t
a
l
£
£
£
16,752 -
16,752
37,115
-
37,115
(30,166)
49,074
18,908
80,890
(8,115)
72,775

-18-

Doc ID: eb652dfb9fe42d689c4e08174ec3571a94aa7c38

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Vaterans At Ease Ltd Title Accounts March 2023 - VAE(2).pdf File name Document ID eb652dfb9fe42d689c4e08174ec3571a94aa7c38 Audit trail date format DD / MM / YYYY Status Signed

08 / 12 / 2023 Sent for signature to Christina Murrell 11:23:52 UTC (christina@veteransatease.org), Mr PA Atkinson (paul.atkinson5@nhs.net) and Valued (stephen@yourvalued.co.uk) from esign@yourvalued.co.uk IP: 109.150.162.93 08 / 12 / 2023 Viewed by Christina Murrell (christina@veteransatease.org) 13:21:41 UTC IP: 92.40.205.226 08 / 12 / 2023 Signed by Christina Murrell (christina@veteransatease.org) 13:23:44 UTC IP: 92.40.205.226 12 / 12 / 2023 Viewed by Mr PA Atkinson (paul.atkinson5@nhs.net) 07:21:22 UTC IP: 85.115.53.201 12 / 12 / 2023 Signed by Mr PA Atkinson (paul.atkinson5@nhs.net) 07:22:25 UTC IP: 85.115.52.202

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Vaterans At Ease Ltd Title Accounts March 2023 - VAE(2).pdf File name Document ID eb652dfb9fe42d689c4e08174ec3571a94aa7c38 Audit trail date format DD / MM / YYYY Status Signed

12 / 12 / 2023 Viewed by Valued (stephen@yourvalued.co.uk) 09:33:01 UTC IP: 81.131.10.154 12 / 12 / 2023 Signed by Valued (stephen@yourvalued.co.uk) 09:33:10 UTC IP: 81.131.10.154 12 / 12 / 2023 The document has been completed. 09:33:10 UTC

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