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2024-04-01-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 2024

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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 2024

VETERANS AT EASE LTD

The trustees present their report and accounts for the year ended 31 March 2024.

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 2024

Overview

2023/24 has been a very exciting period for the charity and its social enterprise.

Having welcomed back Team Emotive from their epic row across the Atlantic, as part of the Talisker Whiskey Atlantic Challenge, we were able to turn our attention back to our core business. Key areas of effort were strengthening our therapy teams by bringing on and training new therapists, improving our image and look, mostly through some small refurbishments in our shops, expanding our reach by opening facilities in Northumberland, and generally ensuring we continue to provide the excellent therapy we have been providing for the past 14 years.

We are delighted to have had three new therapists start their four-year training programme with us, and we have several more in the pipeline. This increase in therapists is paramount if we are to continue to meet current demand without introducing long waiting lists and if we are to future-proof our service to meet the expected increase in demand we believe is inevitable over the next decade.

As a charity, we have also continued to engage with businesses and other stakeholders, forging partnerships and working relationships to ensure maximum support to our Veteran community. One such partnership has been with AF & V Launchpad’s Avondale House to provide mental health support to their residents, through a grant provided via Op Fortitude. This is an excellent example of two organisations working together to provide a complete package of support for their beneficiaries.

With more companies increasing their social impact by providing volunteer days for their staff, our social enterprise has been able to capitalise on this trend by being the perfect vehicle for companies to provide teams of staff to work in our shops for the day. Companies like Equans, Amazon, Johnson, and Go North East have all worked with us over the past 12 months, giving us the opportunity to increase productivity in our shops, thereby increasing profit so we can increase our reach.

Sage Group has also continued to be a significant partner for our charity, primarily with ongoing support through Total Warrior but also through charity take-over days at our shops. We are extremely grateful for their support as one of the Premier businesses in the North East and thank their Management and staff for their continued efforts.

The fast growth of our social enterprise in the past few years was starting to show in the background. So, whilst we did increase our retail premises by opening our first Northumberland-based shop in Blyth, and launching an E-bay shop, we spent much of this past year restructuring and strengthening our head office support, tightening up on processes and procedures and introducing more streamlined systems to better support our shop staff and our corporate partners. We also spent our time looking at ways to maximise the space we have available through small refurbishments, introducing Sunday openings and relocating our vans.

During the reporting period 2022/23, the organisation brought in income of £192,547 compared to a more modest £128,679 in this reporting period 2023/24. This higher income the previous year was to support the Atlantic row.

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VETERANS AT EASE LTD

TRUSTEES’ REPORT (CONTINUED) (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 MARCH 2024

In addition to unrestricted funding of £58,215, the charity secured £70,464 in restricted grants to support specific elements of its service. This is a slight rise on last year’s figures and shows the ongoing support we receive from the trusts and foundations like ABF The Soldiers’ Charity, Barbour Foundation, Big Lottery, Durham Freemasons, Edward Gostling Foundation and the Grocers’ Charity.

During the reporting period in question a total of 43 beneficiaries were supported. Whereas pre-Covid these would have been primarily from the North East of England, since we have been able to be more flexible with online support available, these beneficiaries now come from across the UK, cementing our position very much as a national charity, headquartered in the North East.

Fundraising activity

Most of our unrestricted income came from tin collections, street collections, members of the public donating money from fundraising events they had held on our behalf and talks and presentations our staff and trustees carry out across the year. We also received £7,998 from Total Warrior, our largest single fundraising event each year, and a further £3,098 from Fortune 100, an important corporate supporter of the charity.

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.

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 2023 to March 2024 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.

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VETERANS AT EASE LTD

TRUSTEES’ REPORT (CONTINUED) (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 MARCH 2024

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 2023/24 and the growth in the number of beneficiaries we are helping is increasing, currently beyond expected targets.

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 2024

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 almost 500 beneficiaries, with 43 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 2023/24 was reasonable but needs to be much better. Our current year-end reserves are £56,374 compared to £72,774 in 2022/23. Of this, £5,082 was restricted and £51,292 was unrestricted. These reserves represent only 3 to 4 months’ running costs, which is too low.

We still depend on grant funding to provide our full service. However, we must work on increasing corporate support and fundraising initiatives by members of the general public.

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.

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 2024, the value of the fund was £26,414.

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VETERANS AT EASE LTD

TRUSTEES’ REPORT (CONTINUED) (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 MARCH 2024

Future Plans – Strengthening, Growing, Training

Our aim is 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. However, we will also concentrate on recruiting therapists from across the UK, irrespective of whether or not there are shops in that area and a therapy centre, as these therapists can work online, supporting the wider network of beneficiaries we are engaging with.

We need to build reserves so we can provide job security to our employees and 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 2024/25 will be:

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VETERANS AT EASE LTD

TRUSTEES’ REPORT (CONTINUED) (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 MARCH 2024

Thanks

We could not have continued 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 Sage Group, Fortune 100, Go North East and Valued Accountancy which is so important to us, so our thanks go to the management team and the employees who support us.

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

18 / 12 / 2024 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 2024.

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

19 / 12 / 2024 Dated: ……………………………………

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VETERANS AT EASE LTD

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024

Notes
Incoming resources
Donations and legacies
2
Other trading activities
3
Investment income (loss)
4
Total income
Charitable expenditure
Fundraising
3
Charitable activities
5
Total expenditure
Net income for the year
Movement in funds
Net movement in funds
Fund balances at 1 April 2023
Fund balances at 31 March 2024		 Unrestricted
Funds
£
44,203
14,193
(181)
58,215
10,300
45,697
55,997
2,218
-
2,218
49,074
51,292		 Restricted
Funds
£
70,464
-
-
70,464
-
89,082
89,082
(18,618)
-
(18,618)
23,700
5,082		 2024
Total
£
114,667
14,193
(181)
128,679
10,300
134,779
145,079
(16,400)
-
(16,400)
72,774
56,374		 2023
Total
£
99,877
92,047
623
192,547
71,574
127,870
199,444
(6,897)
-
(6,897)
79,671
72,774

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 2024

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		 2024
£
£
26,414
27,835
-
9,213
9,213
7,088		 2024
£
£
26,414
27,835
-
9,213
9,213
7,088		 2023
£
£
16,752
37,115
-
30,902
30,902
11,995
18,907
72,774		 2023
£
£
16,752
37,115
-
30,902
30,902
11,995
18,907
72,774
9,213
7,088		 30,902
11,995
2,125
56,374
72,774
5,082
51,292
56,374		 23,700
49,074
72,774

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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 2024

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 2024

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
£
44,103
-
100
44,203		 Restricted
Funds
£
70,464
-
-
70,464		 2024
Total
£
114,567
-
100
114,667		 2023
Total
£
99,639
-
238
99,877

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VETERANS AT EASE LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

3
Other trading activities
Income
Atlantic Row
Total Warrior
Armed Forces Day
Fort Ltd TA FO Pulltab
Estonia Assault
Golf Day
Bush Tucker Trials
54 Mile Walk
Small Events
Costs
Atlantic Row
Total Warrior
Small Events
Other
Net income from trading activities
4
Investments
Veterans at Ease Endowment Fund		 2024
£
-
7,998
2,509
3,098
-
-
-
-
588
14,193
2024
£
-
7,210
1,155
493
8,858		 2023
£
69,269
10,193
-
-
-
3,030.00
4,250.00
3,098.00
2,207
92,047
2023
£
66,155
1,713
2,161
1,545
71,574
5,336 20,473
2024
£
(181)		 2023
£
623

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VETERANS AT EASE LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

5
Charitable activities
Bank fees
Training
Safeguarding
Website
Computer software
Travel and accommodation
Printing, postage and stationery
Equipment repairs and renewals
Office repairs and renewals
Depreciation and impairments
Advertising
Insurance
Sundry expenses
Salaries
Sessional therapy costs
Staff pension costs
Subscriptions
Employers N.I.
Funds split
Restricted
Unrestricted		 2024
£
60
4,516
2,450
2,737
688
2,843
1,450
2,199
147
9,279
1,197
1,246
254
83,969
6,890
1,908
5,818
7,128
134,779
89,082
45,697
134,779		 2023
£
261
3,600
795
1,134
1,286
3,035
1,523
5,414
688
12,371
-
1,189
435
74,616
7,859
1,756
5,139
6,769
127,870
55,025
72,845
127,870

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 2024

7 Employees
2024 2023
The average number of employees
during the year was 3 4
Employment Costs 2024 2023
£ £
Wages and salaries 83,969 74,616
Social security costs 7,128 6,769
Employer Pension Contributions 1,908 1,756
93,005 83,141
There were no employees whose annual remuneration was £60,000 or more.
Gareth Murrell, who acts as CEO for the charity, was paid £51,870 remuneration during the year.
During the year pension contributions were paid into a defined pension contribution scheme totalling
£1,908 (2023 – £1,756)
8 Investments
2024 2023
£ £
Veterans at Ease Endowment Fund 26,414 16,752

During the year pension contributions were paid into a defined pension contribution scheme totalling £1,908 (2023 – £1,756)

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VETERANS AT EASE LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

9
Tangible fixed assets
Cost
At 1 April 2023
Additions in year
Disposals
At 31 March 2024
Depreciation and impairment
At 01 April 2023
Depreciation charged in the year
Depreciation on disposals
At 31 March 2024
Net book value:
At 31 March 2024
At 31 March 2023
10
Creditors: amounts falling due within one year
Other taxation and social security
Pensions payable
Accruals and deferred income		 2024
£
1,783
5,304
-
7,087		 Fixtures,
fitting &
equipment
£
78,152
-
-		 Fixtures,
fitting &
equipment
£
78,152
-
-
78,152
41,038
9,279
-
50,317
27,835
37,114
2023
£
1,598
3,561
6,836
11,995

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VETERANS AT EASE LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

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
Atlantic Row
Barbour Foundation
Big Lottery Awards For All
CDCF Rackley Battour Family fund
Durham Freemasons
Edward Gostling Foundation
Grocers' Charity
Gateshead NHS Trust
Go North East
Catherine Cookson Trust
Veterans Foundation		 Movement in funds
Balance at
Incoming
Resources
Funds
Balance at
1 April 2023
resources
expended
Transfer
31 March
2024
£
£
£
£
5,400
-
3,500
1,900
-
42,431
42,431
-
1,250
-
1,250
-
8,250
-
8,250
-
1,550
-
1,550
-
1,500
-
1,500
-
1,250
-
1,250
-
4,500
-
4,500
-
-
9,600
9,018
582
-
2,933
2,933
-
-
500
-
500
-
15,000
12,900
2,100
23,700.00
70,464.00
89,082.00
-
5,082.00

-17-

Doc ID: 00adc390b19170de948e2e5afc73deb3c196afb2

VETERANS AT EASE LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

12
Analysis of net assets between funds
Fund balances at 31 March 2024 are represented by:
Investments
Tangible assets
Current assets / (liabilities)		 Unrestricted
Restricted
Funds
Funds
Total
£
£
£
26,414
-
26,414
27,835
-
27,835
(49,167)
51,291
2,124
5,082
51,291
56,373

-18-

Doc ID: 00adc390b19170de948e2e5afc73deb3c196afb2

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Veterans at Ease Ltd - Accounts March 2024 Title Year_End_Accounts_31_March_2024.pdf File name Document ID 00adc390b19170de948e2e5afc73deb3c196afb2 Audit trail date format DD / MM / YYYY Status Signed

18 / 12 / 2024 Sent for signature to Christina Murrell 15:55:29 UTC (christina@veteransatease.org), Mr PA Atkinson (paul.atkinson5@nhs.net) and Valued (stephen@yourvalued.co.uk) from esign@yourvalued.co.uk IP: 217.23.232.39 19 / 12 / 2024 Viewed by Christina Murrell (christina@veteransatease.org) 22:35:57 UTC IP: 86.21.3.130 19 / 12 / 2024 Signed by Christina Murrell (christina@veteransatease.org) 22:50:09 UTC IP: 86.21.3.130 20 / 12 / 2024 Viewed by Mr PA Atkinson (paul.atkinson5@nhs.net) 08:35:15 UTC IP: 213.226.90.1 20 / 12 / 2024 Signed by Mr PA Atkinson (paul.atkinson5@nhs.net) 08:35:43 UTC IP: 213.226.90.1

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20 / 12 / 2024 Viewed by Valued (stephen@yourvalued.co.uk) 09:08:38 UTC IP: 82.132.184.209 20 / 12 / 2024 Signed by Valued (stephen@yourvalued.co.uk) 09:08:55 UTC IP: 82.132.184.209 20 / 12 / 2024 The document has been completed. 09:08:55 UTC

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