Company reglstration number.. 07527322 Charity registration number.. 1140832 VETERANS AT EASE LTD TRUSTEES. REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Valued Doc ID.. 1a8f6c4f16d9975d383588d96127a2Fad8fb9928 Veterans at Ease Ltd Contents Page Reference and Administrative Details Trustees, Report Independent Examlner's Report Statement of Financial Activities (including Incorne and Expenditure Account) Comparative Statement of Financial Activities (including Income and Expenditu￿ Accounti io Balance Sheet Notes to the Financial Statements 12-18 The following pages do not form p3rt of the statutory accounts.. Detailed Statement of Financial Activities (including Income and Expenditure Account) 19-20 Doc ID.. 1a8f6c4f16d9975d383588d96127a2Fad8fb9928 Veterans at Ease Ltd Reference and Administrative Details For The Year Ended 31 March 2025 Trustees Mr Saul Gowens Mr Paul Atkinson Mr John Heaps Mrs Christina Murrell M5 Linda Cairney Company Secretary Mr John Heaps Charlty Number 1140832 Company Number 07527322 Independent Examlner Valued ACCA Valued Office 12 Durham Workspace Pity Me County Durham DHI 5JZ Page I Doc ID.. 1a8f6c4f16d9975d383588d96127a2Fad8fb9928 Veterans at Ease Ltd Company No. 07527322 Trustees. Report For The Year Ended 31 March 2025 The trustees present their report and the financial statements for the year ended 31 March 2025. Objectlves and Actlvltles Aims and Objectives Veterans at Ease (Charity nurnber 11408321, a cotnpany limited by guarantee Icornpany number 075273221 incorporated on 11 February 2011, is dedicated to.. Relieving the mental and physical suffering of rnilitary and civil emergency veterans and their families. Providing essential support, counselling, and therapeutlc attivities throughout the United Kingdom. Significant Artivities The trustees have paid due ￿gard to guidance i55ued by the Charity Cotnmis5ion in deciding what artivitie5 the charity should undert3ke. 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.. Manage and prornote public awareness and assist fundraising activities. Manage the charity's flnance. Ensure compliance in all legislative matters. Review and update policie5 procedure5, in particular regarding best practice for the use of Neurolingui5tic Programming in a ther3py setting. Deal with all suppliers of service5 and goods, utilities and stock control. Maintain the charity's equipment. Administer training courses. travel, pay and expenses Public Benefit In compliance with S.4 of the Charities Act 2011, the trustees have rigorously considered the guidance on public benefit Issued by the Charity Commission. We tonfirm that in reviewing our aims and objectives and planning all future activities, the trustees have enSu￿d that the charity's activities contribute directly to the achievement of our charitable aims, for the public good. The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Comtnission s guidance on public benefit. Admlnlstr?tlve Actlvlty The trustees have paid due regard to guidance issued by the Charity Commission in planning and executing the charity's activities. The essential task5 undertaken during the year to ensure the efficient delivery of our objectives include.. Management and prornotion of public awareness and fundraising initiatives. Oversight of the charity's finance and financial controls. Ensuring full compliance with all legislative and regulatory matters. Reviewing and updating key policies and procedures, with a focus on best practice for the use of Neuro-linguistic Programming INLPI in a therapeutic setting. Managing supplier relationships, utilities, and stock control. Maintaining all tharity equipment. Administering staff trainingi travel, payi and expenses. .CONTINUED Page 2 Doc ID.. 1a8f6c4f16d9975d383588d96127a2Fad8fb9928 Veterans at Ease Ltd Trustees. Report (continued) For The Year Ended 31 March 2025 Administrative Activity- continued Achievements and Performance Maln A¢hlevement$ The financial year 2024/25 has been another perlod of slgnlflcant progress for Veterans at Ease and its soclal enterprlse. Our key priorities were centred on strengthening our clinical capacity, expanding our national reach, and consolidating internal processes to ensure the continued delivery of the excellent therapy we have provided for the past 15 years. Key Achlevements Durlng 2024125 Clinlcal Expanslon.. We successfully updated and overhauled our CRM system to support cllnical expanslon and the effective management of new therapists across the country. Three new therapists Joined our tearn, Increasing our capacity to help more beneficiaries. National Recognition.. We formally registered with the OSCR (offi￿ of the Scottish Charity Regulator), reinforcing our comtnitment to national reach. Ambassadorial Support.. We were delighted that Angus Ashworth, the Yorkshlre Aurtloneer, agreed to joln us as an arnbassador, helping to raise our profile. Total Warrior Success.. We had another incfftdibly successful year at the Ttstal Warrior event. Our sincere thanks go to the team at Total Warrior, 311 our dedicated runners, and especially Sage Gmup, whose continued support resulted in over 100 runner5 taking part on our beholf Media and P8rtnerships'. Our tr8ns-Atlantic rowing team, -Team Emotive, was featured In the Kings College London publication, "Real Stories 2024, Through their Lens, Our Arrned Forces Cotnmunity,- a testament to the dedication of our community. New Strategic Partnerships.. We reinforced vital working relationships, including our partnership with AF&V Launchpad'5 Avondale House, providing rnental health support to their residents through the Op Fortitude grant. We also bÈg3n engaging with Network R8il's Armed Forces Champions to explore future collaboration. Corporate Support and Social Enterprise.. Our social enterprise continued to be a perfect vehicle for corporate volunteering teams. Companies suth ès Equans, Ama20n, Johnson Workwear, and Go North East provlded invaluable volunteer days, significantly boosted shop productivity and Increased profits that directly support our charitable services. Sage Group a150 remained a Premier North East partner, providing ongoing 5UPPOrt through Total Warrior and dedicated charity take-over days at our shops. Operational Strengthening.. Following the fast growth of recent years, we spent 2024125 consolidating operations. We focused on strengthening head office support, tightening pmcesses and procedu￿$, and introducing more streamlined systems to better support both our shop staff and corporate partners. Small refurbishments were also carried out to improve our charity's image. Fundraising activity Most of our unrestricted income came from tin collectlons, street collections, members of the publlc 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 £9,714 fmm Total Warrior, our largest single fundraising event each year. As always, we are very grateful to the social enterprise that provides around £30,000 per annum in in-kind donations by way of free rent, utilitie5, and other back-office cost5, as well as providing unrestricted income frorn its profits. Financial Review Financial Position We are pleased to report a significant increase In income during the reporting period 2024/25, with total Income rising to £168,698, cornpared to £128,860 in the previou5 year 120231241. This positive trend was driven by stmng growth in grant funding. We secuod £80,201 in restricted grants, a significant rise, alongside £88,497 in unrestricted funding. We are deeply grateful for the ongoing support from trusts and foundations including Op Fortitude, Veterans Foundation, Barbour Foundation, Big Lotteryi Albert Hunt Trust, Catherine Cookson Chariiable Trust, and the Jolcey Trust, as well as the rlslng support from the general publlc. Page 3 Doc ID.. 1a8f6c4f16d9975d383588d96127a2Fad8fb9928 Veterans at Ease Ltd Trustees. Report {continued} For The Year Ended 31 March 2025 Reserves Policy Our current year-end ￿serveS stand at £57,479 cotnpared to £56,373 in 2023124. Thi5 figure cotnprise5 £22,819 in restricted funds and £34,660 in unrestrirted funds. The trustees note that our current unrestricted reserves represent only 3 rnonths. running costs, which remain5 lower than the level requlred io ensure long-term stability and security for our employees and service. Increaslng our unrestricted serves ￿MaInS a paramount focus. While we continue to depend on grant funding to provide our full Service, we are actively working to significantly increase our corporate support and fundraising initiatives with the geneTrl public. This will be critical as we move into a period OF therapist expansion, which involves securing funding to cover the costs associated with maintaining the highest qualified psychOthe￿p1Sts. Endowment Fund The endowment fund, kindly gifted to the charity in 2015 and administered by CDCF (now Point Northl, has continued to grow through the reinvestment of interestlyield, monthly transfers frorn the charity, and personal contribution5 from the Chief Executive. As of 31 March 2025, the value of the fund was £27,649. Fundraising Activity Most of our unrestricted incorne was generated through tin collections, street collections, public fundraising events held on our behalf, and talks/presentaiions by staff and trustees. Our partnership with Sage Group and the Total Warrior event remains our largest single fundraising event, contributing £9,715 Our social enterprise provides essential support, oFFering approximately £30,000 per annum in in-kind donations (free rent. utilities, and back-office costs) and contributed £3,450 from its pmfits this year as unrestricted Income. Future Plans 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 ther3PlSts fmm across the UK, irrespective of whether or not there are 5hop5 In that area and a therapy centre, as these therapists can work online, supporting the wider network of beneficiaries we are engaging Wlth. We need to build reserves so we can pmvide Job security to our employees and continue to support even more reservists, veterans and family members find peace of rnind. The organisation is looklng forward to a positive future. Our key activities for 2024125 will be.. Continuing to provide our therapy services to Include NHS staff and other front-line staff Strengthening the number and use of our volunteers Continuing the training of therapists to allow us to help more beneflclarles Continuing to forge partnerships with companies who offer skilled volunteering as part of their Corporate Social Re5POn5ibility Expanding our number of retail shops and dmp-in centres, which includes Middlesbrough, Yorkshire and Glouce5ter5hire, or any where else where there is a need, if we can secure the funding Expanding our therapy services where required, so we can continu& to provide our service at the heart of the community that needs u5 Growing our Board of Trustees Continuing to comply with statutory, government, trust, foundation and other stakeholder bodies to maxirnise the excellent clinical reputation we have built up over the past 14 years Increasing our appeal to corporates for sponsorship and other resources Strengthening our marketing rnessage and maximising the information contained in our CRM system Page 4 Doc ID.. 1a8f6c4f16d9975d383588d96127a2Fad8fb9928 Veterans at Ease Ltd Trustees. Report {continued} For The Year Ended 31 March 2025 Structure Governance and Management Govemlng Document Vete￿rns at Ease is a registered charity and a Company Limited by Guarantee. The members/dlrertors of the company are the charity's Trustees. Trustees The trustees, who are also the dI￿rtOrS for the purpose of company law, and who served during the year April 2024 to March 2025 were.. Mr P A Atkinson - Chairman Mr J Heaps - Secretary Mrs C Murrell Treasurer Mr S B Gowens - Trustee Mrs L Cairney Trustee Trustee Selection Methods New trustees are appointed by the presidlng Board, wlth a view to achievlng a beneflclal mlx of professlonal skllls. Each new trustee undergoes an induction programrne covering the charity's objectives, financial standingi and aims. Our Mi$$ion and Cor Valued The public support for our service is founded on the desire to ensuo veterans and their families affected by Post-Trnumatic Stress Disorder and other combat-related rnental health issues receive the best possible treatment in the tirneliest period. Our mission and core values remain unchanged.. Mi$$ion'. "To offer an effective service to Quickly reduce the mental suffering of veterans and their families living with trauma. Core Value: -To make the Ca￿ and safety of our beneficiaries our first concern. In determining the long-term strategy, the Trustees consistently evaluate decisions against two key questions= l. Do the decisions we make protect the charity and its beneficiaries? 2. Do the decisions we make ald value to the charlty and improve the servlce for our benefIcIa￿eST Our strategy is consistently pursued to control costs and increase Income while continually Improving services. The Trustees are pleased to confirtn that the charity continues to deliver its stated mission, and both the 5hort- and long-term strategic aims are being met, with the growth in the number of beneficiaries currently exceeding experted targets. Rlsk Management As part of their responsibilities, the Trustees ensure that the major risks to which the charity Is exposed are regularly reviewed and that robust 5y5tems are established to rnitigate those risks. Procedure5 covering strategic, clinical, financial, compliance, ￿putatIon, and data protection risks are in place, monitored, and reviewed annually by both the Chief Executive and the Board of Trustees. We maintain comprehensive risk assessments. a risk matrix. and workplace safety procedu￿$. Results and Impact The fundamental aim of Veterans at Ease is to reduce the mental suffering of beneficiaries ￿SUlting from their time whilst serving in Her Majesty's Armed Forces. We 3re pleased to report that we supported a tot31 of 40 beneficiaries across the year with Y. from the North East and the retnaining /. frorn across the UK, reflecting our growing position as a national charity. During thi5 period, we have seen tnore beneficiaries engage with our services and move on to lead more peaceful and productive lives. Clinical Effertiveness.. Our success r3te remains strong at 80-850/0, derived from the analysis of beneficiary questionnaires completed during their therapy IC.O.R.E.I. Total Reach.. We have now helped almost 500 beneficiaries slnce Inceptlon. Critical Need.. Of those helped overall, around 40% presented with thoughts of suicide, underscoring the vital, life- saving noture of our rni55iOn. .CONTINUED Page 5 Doc ID.. 1a8f6c4f16d9975d383588d96127a2Fad8fb9928 Veterans at Ease Ltd Trustees. Report (continued) For The Year Ended 31 March 2025 Our Mission and Cor Valued - continued Our adrnini5trative endeavours have ensured the charity remains legally compliant in all aspects. All systems, policies, and procedures have been reviewed and Improved. We have carefully monitored providers of services, goods, and equipment to ensure best value and c05t-effectiveness. The charity's financial controls ensure continued sound financial governance with scope for further growth, and our clinical staff continue to adhere to their professional registration requirements. Future Plans: Strengtheningi Growingi Training Our goal remain5 the continued expansion of our services to ensure we are physically located in the heart of the cornmunity we serve. COncur￿ntI¥{ we will concentrate on recruiting therapists across the wider UK, who can work online to support the increasing network of beneficiaries, irrespective of local shop presence. Our focus is clear.. we need to build reserves to provide job security to our dedicated ernployees and continue to support even more reservists, veterans, and family members in finding peace of mind. The organisation is looking forward to a positive future grounded in strategic expansion. Our key activities for 2025126 will include: Service Expansion.. Continuing to provide our core therapy services, now extended to include NHS and other front- line stsFF. Capacity Building.. Strengthening the number and effective use of our volunteers. Clinical Excellence.. Continuing the rigorous training of therapist5 to enable us to help a greater nurnber of beneficiaries. Corporate Partnerships.. Continuing to forge new partne￿hipS with cornpanies offering skilled volunteering as part of their Corporate Soclal Responsibllity ICSRI. Physical Reach.. Expanding our number of retail shops and drop-in centres In areas of identified need, which includes Middlesbrough, Yorkshire, and Scotland, dependent on securing the necessary funding. strategic Gmwth.. Expanding our therapy services where required to continue providing our service at the heart of the community that needs us. Governance.. Growing our Board of Trustees to further enhance our strategic oversight. Compliance and Reputation.. Continuing to comply with all statutory, government, trust, foundation. and stakeholder requirement5 to maKimise the excellent clinical reputotion built over the past 15 years. Income Diversification.. Increasing our appeal to corporate entities for sponsorship and other resources. Marketing and Data.. Strengthening our marketing message and rnaxirnising the vital information contained within our CRM system. Page 6 Doc ID.. 1a8f6c4f16d9975d383588d96127a2Fad8fb9928 Veterans at Ease Ltd Trustees. Report {continued} For The Year Ended 31 March 2025 Other Inftsrmation Thanks and Appreclatlon We could not have achieved the results of the past year without the unwavering support of our stakeholders: Trusts and Foundations.. Our sincere thanks go to the numerous trusts and foundatlons who have demonstrated continued belief in our work, enabling us to sustain and expand our services. Corporate Friends.. We a￿ grateful for the support from our key corporate partners, including Sage Groupi Fortune 100, Go North East, and V31ued Accountancy. Their partnership Is Inv31uable, and we thank their management teatns and employees for their efforts. Volunteers and Public.. Flnally, we extend our deepest thanks to the scores of volunteers who support our operations and help us deliver our life-saving services, and to the individual members of the general public who contribute monthlyj annually{ and at our fundraising events. Sm•ll Comp•ny Rules This report has been prepared in accordance with the special provisions relating to companles subject to the small companies regime within Part 15 of the Companies Act 2006. The trustees, report was approved by the board of trustees and signed on its behalf by.. Mrs Christina Murrell Trustee 27/1112025 Page 7 Doc ID.. 1a8f6c4f16d9975d383588d96127a2Fad8fb9928 Veterans at Ease Ltd Independent Examiner's Report to the Trustees of Veterans at Ease Ltd For The Year Ended 31 March 2025 I report to the charity trustees on rny examination of the accounts of the Company for the year ended 31 March 2025. Responsibilities and Basis of Report As the charity trustees of the Company land also its directors for the purposes of company lawl, you 3re responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061.the 2006 Act"). Having Satisfied rny5elf that the account5 of the Company are not required to be audited under Part 16 of 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 I'the 2011 Act'l. In carrying out rny examination I have followed the Directions given by the Charity Commission under section 145151 Ibl of the 2011 Act. Independent Examiner's Statement I have completed my exarnination. I confirm that no matters have come to my attention In connection with the examination giving me cause to believe.. l. accounting records were not kept in respect of the Company as reouiod by section 386 of the 2006 Act,. or 2. the accounts do not accord with those ￿COrds. or 3. the accounts do not comply with the accounting reouirements of section 396 of the 2006 Act 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 4. the accounts have not been prepared In accordance with the merhods and prlnclples of the Statement of Recornmended 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 IFRS 1021. I have no concerns and have come across no orher marters in connection with the examlnation to whlch attention should be drawn In this report In order to enable a proper understanding of the accounts to be reached. Valued ACCA 2711112025 Valued Office 12 Durham Workspace Pity Me County Durham DHI 5JZ Page 8 Doc ID.. 1a8f6c4f16d9975d383588d96127a2Fad8fb9928 Veterans at Ease Ltd statement of Financial Activities {including Income and Expenditure Account) For The Year Ended 31 March 2025 2025 2024 Unrestrlcted Restrlcted funds funds Total funds Total funds Notes INCOME AND ENDOWMENTS FROM: Donations and legacies Other trading activities Investments 57,414 31,004 79 80.201 137.615 31,004 79 114.667 14.105 88 88,497 80,201 168,698 128,860 EXPENDITURE ON: Charitable activities.. Fundraising Charitable 8Ctivities 16,4061 16,4061 110.3001 197,7711 162,4641 1160,2351 1134,7791 1104,1771 162,4641 1166,6411 1145,0791 NET INCOME/(EXPENDITURE) 115,6801 17.737 2.057 116.2191 Other10sses 1951) 19511 11811 NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: IL5,6801 16,786 1,106 116,4001 Total funds brought forward 51,472 4.901 56,373 72.773 TOTAL FUNDS CARRIED FORWARD 16 35,792 21,687 57,479 56,373 The notes on pages 12 to 18 form part of these financial statements. Page 9 Doc ID.. 1a8f6c4f16d9975d383588d96127a2Fad8fb9928 Veterans at Ease Ltd Comparative Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 March 2025 2024 Unrestricted Restricted fund$ fund$ Total fund$ Notes INCOME AND ENDOWMENTS FROM: Donations and legacies Other trading attivities Investrnents 44,203 14,105 88 70,464 114,667 14,105 88 58,396 70,464 128,860 EXPENDITURE ON: Charitable activities.. Fundraising Charitable activities 110,3001 110,3001 145,6971 189,0821 1134,7791 155,9971 189,0821 1145,0791 NET EXPENDITURE 2,399 118,6181 116,2191 other losses 11811 11811 NET MOVEMENT IN FUNDS 2,399 118,7991 116,4001 RECONCILIATION OF FUNDS: Total funds brought forward 49,073 23,700 72,773 TOTAL FUNDS CARRIED FORWARD 16 51,472 4,901 56,373 The notes on pages 12 to 18 form part of these financial statements. Page 10 Doc ID.. 1a8f6c4f16d9975d383588d96127a2Fad8fb9928 Veterans at Ease Ltd Balance Sheet As At 31 March 2025 2025 2024 Unrestrlcted Restrlcted funds funds Total funds Total funds Notes FIXED ASSETS Tangible Assets Investments li 12 3,007 3.007 27,649 27.835 26.414 27.649 3,007 27.649 30,656 54.249 CURRENT ASSETS Debtors Cash at bank and in hand 13 7,500 35,111 7,500 35,111 9,211 42,611 42,611 9,211 Creditors: Amounts Falling Due Within One Year 14 IL5,7881 115,7881 17,0871 NET CURRENT ASSETS (LIABILITIES) 26,823 26,823 2,124 TOTAL ASSETS LESS CURRENT LIABILITIES 29,830 27,649 57,479 56,373 NET ASSETS 29,830 27,649 57,479 56,373 FUNDS OF THE CHARITY Resiricted Funds Unrestricted Funds 21,687 35,792 4,901 51,472 TOTAL FUNDS 16 57,479 56,373 For the year ending 31 March 2025 the charitable comp3ny was entitled to exemption fmm audit under section 477 of the Cornpanies Act 2006 relating to small cornpanies. The members have not reoulred the charltsble company to obtain an audit In accordance with section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for cornplying with the requirements of the Act with respect to accounting records and the preparatlon of accounts. These accounts have been prepared In accordance with the provlslons applicable to companles subject to the small companies regime. On behalf of the board Mr Paul Atkinson Trustee 27/11/2025 The notes on pages 12 to 18 form part of these financial statements. Page 11 Doc ID.. 1a8f6c4f16d9975d383588d96127a2Fad8fb9928 Veterans at Ease Ltd Notes to the Financial Statements For The Year Ended 31 March 2025 l. General Information Veterans at Ease Ltd is a CO￿￿anY limited by guaftntee, incorporated in England & Wales, regiSte￿d number 07527322 and registered charity number 1140832. The registered office Is 2. Accountlng Pollcles 2. 1. Basis of Preparation of Financial Statements The financial statements have been prepared in accordance with the Charities SORP IFRS 1021 "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 IFRS 1021 (effective I January 20191. Financial Reporting Standard 102 "The Financial Reporting Stsndard applicable in the UK and Republic of Ireland 2nd the Companies Act 2006. The charitable company is a Public Benefit Entity as defined by FRS 102. 2.2. Going Concern Disclosure The trustees have not Identified any material uncertalnries relared to events or conditlons that may cast significant doubt about the charitable company's ability to continue a5 a going concern. 2.3. Incoming Resources Donations and other fortns of voluntary income are ￿cOgniSed as incotning resources when receivable, except insofar as they are incapable of financial measurement. Grants are deferred where the￿ are pre-conditions outside of the charity's control. Once these conditions have been met the grant will be fftcognised in the Statement of Financial Activities. Grants are accounted for as soon as the charlty Is notifled of Its legal entitlement, the amount due is ouantiflable and its ultimate receipt by the charity Is probable. Income tax recovernble on Gift Aid donations is recognised when the incotne is received. 2.4. Resources Expended Charitable expenditure comprises those c05t5 incurred by the charity in the delivery of its attivitie5 and services for it5 beneficiaries. It includes both costs that C3n be allocated directly to such actlvltles 3nd those costs of 3n 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 charitv. All costs are allocated between the expendlture categories of the SOFA on the basis designed io reflecr the use of the resource. Costs are analysed in the notes to the accounts as ￿quested by the trustees. This Is a departure from the SORP which requires support C05t5 to be allocated between the different activities engaged. The analysls In these accounts is thought to pmvide a more meaningful analysls to the readers of the accounts. 2.5. Tangible Fixed A$$et$ •rtd Depre¢i•tion Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated irnpairment losses. Depreciation is provided at rate5 calculated to write off the c05t of the fixed a55et5, le55 their estimated residual value, over their expected useful lives on the following bases.. Motor Vehicles Fixtures & Fittings 250/D Reducing balance 25WD Reducing balance 2.6. Inve$tments Veterans at Ease Endowment Fund loss £951 12024 loss £1811 The value of the in Endowrnent is £27,649 12024 £26,414) 2.7. Cash and Cash Equivalents Cash and cash equivalents are basic financial assets and include cash In hand and deposits held at call with banks, other short-terrn highly liquid investments that mature in no more than three rnonths frorn the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts. Page 12 Doc ID.. 1a8f6c4f16d9975d383588d96127a2Fad8fb9928 Veterans at Ease Ltd Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 2.8. Taxation The charity is exempt from tax as all its income is charitable and applied for charitable purposes. 3. In¢ome from Donation$ Legaties 2025 Unrestricted Restrirted Total funds funds funds Donations and glfts Gift aid 38,102 19,312 80,201 118,303 19,312 57,414 80,201 137,615 2024 Unrestrlcted Restrlcted Total funds funds funds Donations and gifts Gift aid 44,103 loo 70.464 114,567 loo 44,203 70,464 114.667 4. Income from Other Tradin9 Activities 2025 2024 Unrestricted Unrestricted funds fund$ Income from other trading activities 31,004 14,105 5. Inve$tment Income 2025 2024 Unrestricted Unre$tritte funds funds Bank interest receivable 79 88 Net Income/{Expendlture) The net incotnellexpenditurel 15 stated after charging/lcreditingl- 2025 2024 Depreciation of tangible fixed assets - owned Gain/Loss on disposal of tangible fixed assets 6.959 17,869 9.279 Page 13 Doc ID.. 1a8f6c4f16d9975d383588d96127a2Fad8fb9928 Veterans at Ease Ltd Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 7. Analysis of Expenditure 2025 Actlvltles undertaken directly Support costs (see note 81 Totsl FUnd￿lSIng Charitable activitles 6,406 6,406 160,235 160,235 6,406 160,235 166,641 2024 Actl¥ltles undertaken