GREENWICH GURKHA EX-SERVICEMEN ASSOCIATION
Chartty No. 1145910
Trustees, Report and Unaudlted Accounts
31 January 2024

GREENWICH GURKHA EX-SERVICEMEN ASSOCIATION
Content$
Pages
2to3
Trustees. Annual Report
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Statement of Cash flows
13
Notes to the Accounts
7t012
Detailed Statement of Financbal Activlties
14to15
Page I

GREENWICH GURKHA EX-SERVICEMEN ASSOCIATION
Trustee5 Annual Report
The trustees present their report with the unaudited financial statements of the charity for the year ended
31 January 2024.
REFERENCE AND ADMINISTRATIVE DETAIIS
Charlty No. 1145910
Prlnclpal Offlce
10 Wernbrook Street
London
SE18 7RX
TNstees
The following trustees served during the year:
B.B. Ghale Gurung
A.8. Gurung
B.K. Gurung
O,P. Gurung
S. Limbu
H,K. Malla
T.M. Rai
P.J. Shahi
R.8. Thapa
Independent Examlner
Asmita & Associates Ltd
114-116 Plumstead High St
Plumstead
London
SE18 ISJ
Bankers
HSBC 8ank PLC
OBJECTIVES AND AcfiviTIES
Greenwich Gurkha Ex-servicemen Association IGGESAI is a chaiity organisation to promote the well being of
ex-gurkha army and their family members by providing different kind of supports and help.
Statement of trustees, responslbllltles In relatlon to the financial statements
The charity trustees are responsible for preparing a trustees, annual report and financial statements in
accordance with applicable law and United Kingdom Accounting Standards (Unlted Kingdom Generallv
Accepted Accounting Practice).
Page 2

GREENWICH GURKHA EX-SERVICEMEN ASSOCIATION
Trustees Annual Report
The trustees are responslble for keepln8 proper accountin8 records that disclose with reasonable accuracy at
any time the flnancial posltion of the charity and to enable them to ensure that the financial statements
comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the
provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and
hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the charity's trustees
H,K. Malla
Trustee
20June 2024
Page 3

GREENWICH GURKHA EX-SERVICEMEN ASSOCIATION
Independent Examlners Report
Independent Examiner's Report to the trustees of GREENWICH GURKHA EX-SERVICEMEN ASSOCIATION
I report to the trustees on my examination of the financlal statements of GREENWICH GURKHA
EX-5ERVICEMEN ASSOCIATION foi the year ended 31 January 2024.
Responslbllltles and ba51s of report
As the charity's trustees you are responsible for the preparation of the financial statements in accordance
with the requirements of the Charities Act 20111'the Act,).
I report in respect of my examlnatlon of the charity's financial statements carried out under section 145 of
the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the
Charlty Commission under sectlon 14515llb) of the Act.
Independent examlner's statement
I have completed my examination. I can confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe that in any material respect:
the accounting records were not kept In respect of the charity as required by section 130 of the Act; or
the financlal statements do not accord with those records; or
the financial statements do not comply with the applicable requirements concernin8 the form and
content of financial statements set out in the Charitie5 (Accounts and Report51 Regulations 2008 other
than any requirement that the financial statements give a 'true and falr, view whlch is not a matter
consldered as part of an independent examination.
I have no concerns and have come across no other matters In connection wlth the examlnatlon to which
attention should be drawn Sn this report In order to enable a proper vnderstanding of the financlal
statements to be reached.
LN Pandey FCA, M.Sc.
Asmita & Assoclates Ltd
114-116 Plumstead High St
Plumstead
London
SE18 ISJ
20June 2024
Page 4

GREENWICH GURKHA EX-SERVICEMEN ASSOCIATION
statement of Flnanclal Actlvltles
for the year ended 31 January 2024
Unrestrfcted
funds
2024
ftestrlcted
funds Total funds Total funds
2024
2024
2023
Notes
Income and endowments
from:
Donations and legacies
14,923
25,385
40.308
52,977
Total
14,923
25,385
40,308
52,977
Expendlture on:
Charltable actlvltles
Other
9,474
7,048
11,972
16,668
21,446
23,716
30,165
21,454
Total
16,522
28,640
45,162
51,619
Net Eains on Investments
Net lexpenditure)/income
Transfers between funds
(1,599)
13,255)
14,8541
1,358
Net lexpendlture)/lncome
before other galns/(losses)
(1,599)
13,255)
14,854)
1,358
Other 8alns and losses
Net movement In funds
(1,599)
13,2551
14,8S4)
1,3S8
Reconcillat5on of funds:
Total funds brou8ht forward
33,977
10,SOS
44,482
43,124
Total funds carrled forward
32,378
7,250
39,628
44,482
Page 5

GREENWICH GURKHA EX.SERVICEMEN ASSOCIATION
Balance Sheet
at 31 January 2024
Charlty No. 1145910
2024
2023
Fixed a$5ets
Tangible assets
io
117
146
117
146
Current assets
Cash at bank and In hand
42,653
42,653
13,142)
39,511
39,628
47,732
47,732
{3,3961
44,336
Credltors: Amount falling due within one year
Net current assets
11
Total assets less current Ilabllltles
44,482
Net a￿et5 excludlng penslon asset or Ilablllty
39,628
44,482
Total net assets
39,628
44.482
The funds of the charlty
Re5trlcted fund5
Restflcted income funds
12
7,250
7,250
10,505
Unre5trl¢ted funds
General funds
12
32,378
33,977
32,378
33,977
Reserves
12
Total funds
39,628
44,482
Approved by the trustees on 20 June 2024
And slgned on their behalf bv..
H,K. Malla
Trustee
20 June 2024
Page 6

GREENWICH GURKHA EX-SERVICEMEN ASSOCIATION
Notes to the Accounts
for the year ended 31 January 2024
l Accountlng pollcles
Basls of preparatlon
The flnancial statements have been prepared in accordance with Statement of Recommended Practice:
Accounting and Reporting by Charlties preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic if Ireland IFRS 102) issued on 16 July 2014 and the
Financial Reporting Standard appllcable in the United Kingdom and RepublSc of Ireland {FRS 1021 and the
Charities Act 2011.
Change In basls of accountln8 or to prevlous accounts
There has been no change to the accounting policies {valuatlDn rules and method of accountin8) since
last year and no changes have been made to accounts for previous years.
Fund accountlng
Unrestrlcted funds These are available for use at the discretion of the trustees in furtherance of the
general object5 of the charity.
These are unrestricted funds earmarked by the trustees for particular purposes.
These are unrestricted funds which include a revaluation reserve representin8 the
restatement of investment assets at thelr market values.
These are available for use subject to restrlctions imposed by the donor or through
terms of an appeal.
Deslgnated funds
Revaluation funds
Restricted funds
Income
Recognitlon of
income
Income is Included in the Statement of Flnancial Activities {SoFA) when the charity
becomes entitled to, and virtually certain to recelve, the income and the amount of
the income can be measured with suffi'cient reliability.
Income wlth related Where Income has related expenditure the income and related expenditure Is
expendlture
reported gross In the SOFA.
Donations and
legacies
Voluntary income received by way of grants, donations and gifts is included in the
the SOFA when receivable and only when the Charlty has unconditional entitlement
to the Income.
Tax reclaims on
Income from tax reclaims Is included in the SOFA at the same tlme as the
donations and 8ift$ 8lft/donation to which it relates.
Donated services
These are only Included In Income {wlth an equlvalent amount In expenditure}
and facilities
where the benefit to the Charlty is reasonably quantlfiable, measurable and
material.
Volunteer help
The value of any volunteer help received is not included in the accounts.
Investment Income This is Included In the accounts when recelvable.
Gains11105se51 on
This include5 any gain OF105s resulting f rom revalulng investments to market value
revaluatlon of fixed at the end of the year.
assets
Gainslllosses} on
investment assets
Thls Include5 any 8aln or loss on the sale of investrnent5,
Page 7

GREENWICH GURKHA EX-SERVICEMEN ASSOCIATION
Notes to the Accounts
Expenditure
Recognition of
expenditure
Expenditure is recognised on an accruals basis. Expenditure includes any VAT whlch
cannot be fully recovered. and is reported as part of the expenditure to which it
relates.
Expenditure on
These comprise the costs associated with attracting voluntary income, fundraising
ralsln8 funds
trading costs and investment manaaement costs.
Expenditure on
These comprise the costs incurred by the Charity in the delivery of it5 activities and
charitable activitles services in the furtherance of its objects, including the makin8 of grants and
governance costs.
All grant expenditure is accounted for on an actual paid basis plus an accrual for
grants that have been approved by the trustees at the end of the year but not yet
pald.
These include those cost5 associated wlth meetlng the constltutional and statutory
requirements of the Charlty, Including any audit/independent examination fees,
costs linked to the strategic mana8ement of the Charity, tO8ether with a share of
other administratlon costs.
Other expendlture These are support costs not allocated to a particular activitv.
Grants payable
Governance costs
Taxatlon
The charity is exempt from tax on Its charitable actlvltles.
Freehold Investment property
Investment properties are measured initially at cost and subsequently at falr value at each balance sheet
date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they
arlse.
Stocks
stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair
value which Is the amount the charity would have been wllling to pay for the items on the open market.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepald net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other
short-term highly liquld Investments with original maturltles of three months or less and bank overdrafts.
In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities.
In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are
repayable on demand and form an Integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provislons are recognlsed
where the charlty has a present obligation resulting f rom a past event that will probably result in the
transfer of funds to a third party and the amount due to settle the obligation can be measured or
estimated reliably, Creditors and provislons are normally recognised at their settlement amount after
allowing for any trade discounts due.
Page 8

GREENWICH GURKHA EX-SERVICEMEN ASSOCIATION
Notes to the Accounts
Research and devèlopment
Expenditure on research and development Is written off in the year in which it is incurred.
Foreign currencies
Monetary assets and liabilities denominated in currencies other than the functional currency of the
charity are translated at the rates of exchange prevailing at the end of the reporting period.
Transaction5 in currencie5 Other than the functional currency of the charity are recorded at the rate of
exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arrlvlng at net Income/expenditure.
Leased assets
Where the charity enters Into a lease which entails taking substantially all the risks and rewards of
ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified
as operating leases.
Assets held under finance leases are initlally reco8nlsed as assets of the charity at thelr falr value at the
inception of the lease or, if lower, at the present value of the minimum lease payments. The
correspondin8 liability to the lessor is included in the balance sheet date as a finance lease obligation.
Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to
achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are
recognised immediately• unless they are directly attributable to qualifying assets, in which case they are
capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets,
Operating lease payments are recognised as an expense on a straight-line basis over the lease term.
In the event that lease incentives are received to enter into operating leases, such incentives are
recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental
expense on a straight-line basis.
Penslon costs
The charity operates a deflned contributlon plan for its employees. A defined contribution plan Is
penslon plan under which the charity pays fixed contributions into a separate entity. Once the
contrlbutions have been paid the charity has no further payments obligations. The contributions are
recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet.
The assets of the plan are held separately from the charity in independently administered funds.
Re¢elpt of donated goods. facllltles and servlces
All donated goods, facllities and services recelved are recognlsed withln Incomln8 resources and
expenditure at an estimate of the value to the charity.
Page 9

GREENWICH GURKHA EX.5ERVICEMEN ASSOCIATION
Notes to the Accounts
2 Statement of Financlal Activities - prlor year
Unrestrfcted
funds
Restrlcted
funds Total funds
2023
2023
2023
Income and endowments from:
Donatlons and legacies
Total
22,207
30.770
52,977
22,207
30,770
52,977
Expenditure on:
Charitable activlties
12,400
3,715
17,765
30,165
21,454
Other
17,739
Total
16,115
35,504
51,619
Net Income
6,092
14,7341
1,358
Net Income before other
galnslllosses)
Other 8aSns and losses:
Net movement In fund5
6,092
(4,7341
1,358
6,092
(4,734)
1,358
Reconclllatlon of fund5:
Total funds brought forward
Total funds carrled forward
27,885
15,239
43,124
33,977
10,505
44,482
3 Income from donatlons and legacles
Unre5trlcted
Restrlcted
Totsl
Total
2023
2024
Donations
14,923
14,923
25,385
25,385
40,308
40,308
52,977
52,977
4 Expendlture on charitable activltles
Unrestrlrted
Restrlcted
Total
Total
2024
2023
Expenditure on choritable
activities
Charitable activities
9,474
11,972
21,446
30,165
9,474
11,972
21,446
30,165
Page 10

GREENWICH GURKHA EX-SERVICEMEN ASSOCIATION
Notes to the Accounts
5 Other expenditure
Unrestrlcted
Restrlcted
Total
Total
2024
2023
Employee costs
Motor and travel costs
12,480
2,940
12,480
4,800
2,723
12,480
2,660
3,070
1,860
2,723
Premlses costs
Amortisation, depreciation,
Impairment* profit/loss on
dlsposal of fixed assets
General administrative costs
29
29
37
1,440
996
1.248
2,688
996
2,847
360
Legal and professional cost5
7,048
16,668
23,716
21,454
6 Net lexpendlture)Ilncome before transfers
2024
2023
This is stated after charging:
Depreciation of owned fixed assets
7 Slaff costs
29
37
2024
12,480
12,480
2023
12,480
12,480
Salaries and wages
No employee received emoluments in excess of £60,000.
8 Trustee remuneratlon and expenses
No trustee recelved any remuneratlon or expenses durin8 the year.
9 Related party dls¢losures
There were no related party transactions durln8 the year ended 31 January 2024.
10 Tan8lble flxed a55et5
Cost or revaluatlon
At l February 2023
At 31 January 2024
Depreclatlon and
impalrment
At l February 2023
Depreciatlon charge for the
year
At 31 January 2024
Net b¢)ok values
1,742
1,742
1,742
1,742
1,596
1,596
29
29
1,625
1,62S
At 31 January 2024
At 31 January 2023
117
117
146
146
Page 11

GREENWICH GURKHA EX-SERVICEMEN ASSOCIATION
Note5 to the Accounts
11 Credltors:
amounts falling due within one year
2024
2023
Other taxes and social security
Other creditors
249
1,707
1,440
3,396
1,702
1.440
3.142
Accruals
12 Movement In funds
Incomln8
resource5
(includln8
Atl
other
February 8alnsllosses
2023
Resources
expended
At31
January
2024
Restrlcted fvnds:
Re5trlcted Income funds:
10,505
25,385
128,6401
7,250
Total
10,505
25,385
128,6401
7,250
Unrestricted funds:
General funds
33,977
14,923
116,522)
32,378
Total funds
13 Analysls of net assets between funds
44,482
40,308
145,162)
39,628
Unre5trlcted
funds
Restrlcted
funds
Total
Fixed assets
Net current assets
117
31.125
31,242
117
39,511
39,628
8,386
8.386
14 Reconclllatlon of net debt
Atl
February
2023
At31
January
2024
Cash Ilows
Cash and cash equivalents
47,732
47,732
15,0791
(5,0791
42,653
42,653
Net debt
47,732
{5,0791
42,653
Page 12

GREENWICH GURKHA EX-SERVICEMEN ASSOCIATION
Statement of Cash flows
for the year ended 31 January 2024
2024
2023
Cash flows Irom operatln8 actlvltles
Net lexpenditure)/lncome per Statement of Flnan¢lal Actlvltles
{4,8541
1.358
Adjustments for..
Depreciation of property, plant and equlpment
IDecreasel/increase in trade and other payables
29
<2541
37
3,396
Nèt cash {used in)/provided by operating artivities
15,0791
4.791
Net cash from Investln8 actlvltles
Net cash from financing actlvltles
Net {decrea5e)lincrease in cash and cash equivalents
15,079)
4,791
Cash and cash equlvalents at the beglnnlng of the year
47,732
Cash and cash equlvalents at the end of the year
42,653
4,791
Components of tash and cash équivalents
Cash and bank balances
42,653
47,732
47,732
Page 13

GREENWICH GURKHA EX-SERVICEMEN ASSOCIATION
Detailed Statement of Flnanclal Artlv5ties
for the year ended 31 January 2024
Unrestrlcte
d funds
2024
Restrlcted
funds
2024
Total funds
2024
Total funds
2023
Income and endowments from:
Donations and legacles
14.923
14,923
25,385
25,385
40,308
40,308
52,977
52,977
Total Income and endowment5
14,923
25,385
40,308
52,977
Expendlture on:
Charitable activities
9,474
9,474
11,972
11,972
21,446
21,446
30,165
30,165
Total of expendlture on charltable
activities
9,474
11,972
21,446
30,165
Employee costs
Salarieslwages
12,480
12,480
12,480
12,480
12,480
12,480
Motor and travel costs
Travel and subsistence
1,860
1,860
2,940
2,940
4,800
4,800
2,660
2,660
Premlses costs
Rent
Light, heat and power
2,180
543
2,180
543
3,070
2,723
2,723
3,070
General administrative costs,
including depreciation and
amortisation
Depreciation of
Bank charges
General insurances
Stationery and printlng
Subscriptions
Telephone, fax and broadband
29
167
238
1,035
29
167
238
1,842
37
208
807
2,337
441
441
2,717
262
2,884
1,469
1,248
Legal and professional costs
Auditlindependent examination
fees
996
996
360
996
996
360
Total of expendlture of other costs
Total expendlture
Net gains on investments
7,048
16,668
23,716
21,4S4
16,522
28,640
45,162
51,619
Page 14

GREENWICH GURKHA EX-5ERVICEMEN ASSOCIATION
Detalled Statement of Financlal Actlvltles
Net lexpenditure)/income
(1,599)
13,2551
14,8541
1,358
Net lexpenditurellincome before
other galns/{losse5}
Other Galns
(1,599)
{3.2551
{4,8541
1,358
Net movement In funds
11,5991
(3,255)
(4.8541
1,3S8
Reconcillatlon of funds:
Total funds brought forward
33.977
10,505
44,482
43,124
Total funds carrled forward
32,378
7,250
39,628
44,482
Page 15