Charity registration number 1150541
Company registration number 083D2965 (England and Wales)
THE NOT FORGOTTEN ASSOCIATION (NFA)
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

THE NOT FORGOTTEN ASSOCIATION (NFA)
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr M W Nicholls Ichaimian)
MrJ MArcher
Colonel WJ Partridge
Dr C M Goble
Group Captain J L Gross
Mr P Botterill
MrSWGNeel
MrSNPost
Ms L J Gibbard
MrTMRLong
Mr F Roseman
MrA J Slokes OBE
Mr N J Sandall
Mr R W L Cranfield
(Appointed 1 November 2024)
(Appointed 30 December 20241
(Appointed 30 December 20241
Charity number
1150541
Company number
08302965
Registered office
1 st Floor
14 Buckingham Palace Road
London
SW1W OQP
Auditor
Alliotts LLP
3 London Square
Cross Lanes
Guildford
GU1 1UJ

THE NOT FORGOTTEN ASSOCIATION (NFA)
CONTENTS
Page
Chairman's Statement
Trustees, report
Statement of Trustees, responsibilities
IndependentAuditorfs Report
9-12
Statement of Financial Activities
13
Balance Sheet
14
Statement of Cash Flows
15
Notes to the Financial Statements
16-28

THE NOT FORGOTTEN ASSOCIATION (NFA)
CHAIRMAN'S STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024
Chairfs Report
The year 2023-24 has been a remarkable period of delivery and change for our organisation, both across the UK and
Northern Ireland, as well as through our continued overseas initiatives. These include respite breaks in Europe and
assisled skiing in the USA, while refining Ihe regional delivery model in the UK using powerful lools including the
accessible and inclusive drive-in concerts, regional funfests, and feskn've community events across the UK targeted on
the areas of need.
This year has been marked by fresh partnerships and shared endeavours. This approach is highlighted by our match-
funded drive-in concerts delivered in partnership wrth Freemasonry, building upon the single partnered pilot conducted
the previous year. Vvhile this is a relationship driven at both national and regional level, we continue to invest in our
smaller and more local partnerships wtth regional charities. hubs and businesses to deliver local impact aligned with
our Armed Forces Covenant commitments which we champion consistentty.
Through our events and tours, alongside the provision of TVS. TV licences. and laptops (the Digital Inclusion
Programmel lo those isolaled at home, we supported nearly 11,000 velerans this year. In addition, Ihere are a further
10-20,000 who care for or benefit in other ways from the improved wellbeing of those we support directly. Obsetving
the progression from anxiety and fearto Camaraderie and joy in those we support and hearing their feedback best
articulates the profound impacl we have on veterans. lives, especially those suffering from injury, illness, or disabilty- A
key aspect of our work is overcoming the crushing isolation and loneliness faced by many of those we support. By
providing a plattorm for community and camaraderie, which is arguably unique to those who have se￿ed, we help
foster connections and a sense of belonging amongst those we serve.
Under the leadership of our new Chief Executive, Colonel (Retired) Richard Walker OBE, we have embarked on a
programme of improvements and incremental modemisation to ensure performance, relevan￿, credibility and
transparency. The initial emphasis has been on enhancing the business operalions behind the charity while mobilising
a fresh approach to revenue diversification. This has seen a subtle reset to business operations, increased
automation, and improvements to syslems and processes. These combine to enhance our impact.
We have deliberalely drawn down on reserves in line wllh our Reserves Policy. increased partnered funding and
exploited greater operational efficiencies; all essenb.al in a marketplace that has seen 2040010 increase in some of the
core costs associated with delivering events, hospitality and entertainment.
As a￿ays, our gratilude goes lo the incredible team behind our work= our donors and supporlers. our volunteers, and
our tireless Offi￿ team who manage the astonishing planning. communication, and logistics that drive our impactful
delivery. We also extend our heartfelt thanks to all our partners and suppliers, from entertainers and caterers to the
hosts who generously lend us their beautiful venues. A special thank you goes to Annie Riley of Variety Enlertainment
and all our third-paty suppliers, partners. and supporters who contribute so significantty to the impact of The Not
Forgotten.
The narrative behind these accounls reltects the very ￿al difference we have made lo so many lives, direclly and
indirectly. It also reinforces how we are leaming. improving. and partnering to ensure we continue to deliver our unique
impact inlo Ihe future, but with sustsined focus upon the business of the charity which is so pivotal to success.
Mark Nicholls
Chair

THE NOT FORGOTTEN ASSOCIATION (NFA)
TRUSTEES. (INCLUDING DIRECTORS.) REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their report and financial statements for the year ended 31 March 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial slatemenls and comply with Ihe charity's Articles of Association, the Companies Acl 2006 and
"Accounting and Reporting by Charities.. Statement of Recomrnended Practice applicable to charities preparing
their accounts in accordan￿ with Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland
IFRS 102) leffeclive 1 January 2019)"
Objectives and activities
The Not Forgotten Association {'The Not Forgotten.) was set up as a charity in 1920 and has the following
objeclives, mission and vision..
Objectives. To act generalty for the benefit of service and ex-sep4ice personnel with disabilities or who
are wounded, including ihe organisation or provision of ilems or faciltties for leisure and recrealv)nal
activities, travel, holidays and outings.
Mission. To deliver high quality and safe recreational and enlertainment aclivitie5 to m￿t the needs of
our beneficiaries, and lo provide a caring and personal serviTr which is fvlty linked in with other recovery
pathways and which is underpinned by an ethos where everyone counls and is valued.
Vision. To be the trusted partner of choice for providing entertainment and recrealion opportunities for
both beneficiaries and other service charities. To position ourselves to help more individuals who we are
not yet reaching. To meel the high demand for activities and events, well supported by volunteers and
with a strong financial base.
The Not Forgotten Association has the following values {ExPECTI'.
Excellence- we seek to achieve this in everylhing we do.
Personal- our beneficiaries are at the heart of everything we do, we know them and they know
us.
Empathy- we listen to, respect and understsnd our beneficiaries and their needs.
Comradeship - veteran supporting veteran- bringing different generations, campaigns and
services together.
Teamwork- we work with our beneficiaries and other military charities to meet the individual's
needs.
We will..
Support every eligible beneficiary who approaches us, irrespective of service, age, rank or
injurylillness.
Work closely with olher Service Charilies to meet the needs of our mutual beneficiaries.

THE NOT FORGOTTEN ASSOCIATION (NFA)
TRUSTEES. (INCLUDING DIRECTORS.) REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Charity Activities- Combating loneliness and isolation within the context of a post*andemic and cost of
living crisis.
Emerging financial challenges have placed fresh demands on the charity and those we sUPPOrt. as well as those
who support us. Throughout the year. these extemal factors have challenged us to remain agile to serve our
beneficiaries and retain firm relationships with our supporters. The finanaal environmenl in the UK further
impacted our beneficiaries who face increased loneliness and isolation. The Not Forgotten maintains effective
partnerships with organisations like The Amiy Benevolent Fund, the Royal Navy and Royal Marines Charity, and
the regional Armed Forces Covenant Fund officers. while our corporate support network grows loo.
As a Silver award holder of the Armed Forces Covenant. we tsrget those in need. many of whom haven't
accessed our seNices before. Working in partnership is crucial as these help us to reach new beneficiaries,
allowing them to access our services. Through this year. we drew from previous years, lessons lo inform the
continuous improvements to our programme. We retumed to a fuller programme of entertainment events.
challenge events globally, as well as UK and overseas respite breaks, Christmas lunches, and our unique Royal
events. This programme served 11,000 beneficiaries directy and their support network Ic20,0001 indirectly.
The Breckenridge assisted skiing challenge event. funded by the Headley Court Charitable Trust. continued to
cater for beneficiaries in a cenlre of excellence for assisled skiing. Respite was delivered through a diverse
programme in the UK and overseas, providing environmenls for peer support and overcoming common
challenges. An essential part of our delivery remains to facilitate the beneficiary support ne￿Ork to recover and
recharge. The legacies from Ihese trips are strong bonds and enduring friendships which contribule lo recovery
pathways.
The cost-of-living context continued to pla￿ high demand on our Digital Inclusion Programme (providing TVS. TV
Licences, laptops, and labletsl supporbng veterans who are housebound, isolated, or have limiled mobility- This
provision serve5 to unlock those who are digitalty isolated, financialty limtted, and whose wellbeing, social
engagement, and employment opportunities are impaded by their isolation. The delivery of drive-in concerts and
other entertainment in communities across Ihe country remain core aspects of our outreach and align with our
strategic ambition to engage meaningfully across the regions. These events demonstrated the agile deployment
of 'outreach' capacity, reinforcing the existing core programme and bolstering the impact of our unique Royal
events.
To counter cost increases in the retail and hospitality sector. we have eMbra￿d fresh ways of thinking and
working. By improving business perfornian￿ and efficiency, we have maintsined the quality and reach of our
services. This includes leveraging technology. optimising resource allocation. and fostering innovative
partnerships to ensure sustainability and impact. Corporate sponsors are increasingly nurturing their
relationships with us lo salisty their corporate social responsibilty mandates, many aligned to Iheir corporale
commitments to the Amied FOr￿S Covenant.
We are also evolving to address the differing needs of the generational changes in our beneficiaries. This
involves lailoring our programmes to be more inclusive and relevant to newer veterans, while still honouring the
traditions and preferences of older generations. As a￿ays, the events were tailored to appeal to a wide range of
attendees,. diversity and inclusivity being fundamental to year-round success and ensuring that The Not
Forgotten continues to feel like a welcoming family environment for all in need of our unique servi￿$ lo counler
the impact of illness, loneliness and isolation.
Achievements and performance
There have been many achievements over this year which included=
Supported c11,000 individuals and with increased regional 'reach' to ensure a targeted engagement with
beneficiaries.
Delivered largeted and inclusive regional programme with new fomiats for cost effective inclusive events
being piloted incorporating best practice drawn from previous leaming.
Increased emphasis on partnerships (national and regionall-
Improved business operations incorporating best practice lo increase controls. transparency and
efficiency.
Rapidly progressing through Amied Forces Covenant Employer Recognition Scheme working towards
silver accreditation.

THE NOT FORGOTTEN ASSOCIATION (NFA)
TRUSTEES. (INCLUDING DIRECTORS.) REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
In summary support was provided to beneficiaries in the following areas=
2022123
Concerts in Care Homes
Activities & Visits
Entertainment events
Royal Events
Outin
Christmas Lunches
TVS for Individuals
TV Licences
Laptops￿abIetS
Total Beneficiaries
2023124
Concerts in Care Homes
Aclivilies & Visits
Entertainment events
Royal Evenls
Oulin
Chrislmas Lunches
Individual Holidays
ital Inclusion Pro
2,170
421
5,213
2,458
462
1,091
1,435
682
4,789
2,030
589
1,096
68
78
71
13
ramme
Total Beneficiaries
10,767
Our Volunteers
The Not Forgotten relies on the continued goodwill and support of our many volunleers. Past beneficiaries
support the Charity in delivering our mission, and Ihis is seen as an important slep in an individual's recovery
pathway,. receive help and then help others. Other volunteers support The Not Forgotten with fundraising
activilies and acting in ambassadorial roles, which help promole the charity and allows us to reach more
beneficiaries, and especialty those who are hard to reach. We greatty value this loyalty which is remarkable in a
non-membership organisation. Focus for fvture years remains on how we better mobilise and support llis
network so integral to the success and sustainment of the charity-
Financial review
Income in the year was £759.995 {2023 - £1,079.277 lincluding Restricted accrued income for 2023124
expenditurel & 2022- £987,198).
Unrestricled grant income for the financial year 2023124 increased compared to previous years. We continue lo
maintain a loyal Grant benefactor cohort. Fundraising income remained low when compared to pr&Covid levels,
but the fundraising plan (including Ihe legacy programme) coupled with the steady increase in fundraising
activities will serve to help mitigate this risk in future years.
Most of the income is unrestricted except for the residual amounts Headley Court grant received in 2020 for
skiing and challenge events, an annual grant that primarily funds our Christmas lunch programme, and a one off
JTI Big Walk Campaign. The in-year draw down from deposil reserves was £300,0001£146,000 of wh￿h was of
Restricted income donated last year to meet current year expenditure)-
Income from Donations and charitable activity (restrided & unrestricted) contributed £584,07212023 - £650,895),
this includes the Restricted Funds ￿Ceived from the JTI Big Walk Campaign. Legacies and in Memoriam
donations contributed £114.70512023 £356.3881.
Expenditure on charitable activities increased to £1,270,206 12023 £1.141,636)- Resources expended totalled
£1,440,524 (2023- £1,367,112) in Ihe year {noling variance indudes the impact of gapping CEO in 2022123 and
creating a fundraising capability in 20231241. The Operating Resutt for the year was a deficit of £680,529 {2023 -
£287,835), before net gain on inveslmenls of £118,948 {2023 - £(79,347)I resulling in Net Movement in Funds of
£561,581 {2023 - £1367,182)). Year*nd total reserves stood at £1.725,316 {2023 - £2,287,313). Free reserves,
represented as unrestricted funds not designated for particular purposes. stood at £122,937 (2023 - £540,637)-

THE NOT FORGOTTEN ASSOCIATION (NFA)
TRUSTEES. (INCLUDING DIRECTORS.) REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Reserrfes Policy
The Not Forgotten has no guaranteed income, no Servi￿ contracts and no expectation of a guaranteed income
from legacies. Although many donors continue to support the charity, they have also experienced inueased
pressure on their own available reSoUr￿s.
The Trustees of The Not Forgotten have confirmed their commitment to continue to provide support to our
beneficiaries and has been operating at a deficit to meet the demand.
The General Committee approved the following revised policy on reserves on 1 April 2023. This policy requires
reserves be maintained at a level which ensures that The Not Forgotten's core activity could continue during a
12-month period of unforeseen difficulty where income vms significantty reduced.
The charity's unrestricted funds will be kept in I￿0 distinct areas as follows..
Designated Investment Fund. As The Not Forgotten has no other pennanent endowment assets to
generate regular income, the Truslees have decided to set aside monies as an investment fund. The
required size of this has been estimated at approximatety £1.25m and Current￿ stands at £1.4m
Core Operating Cash Reserve. The Trustees aim to have a surn of £150.000 to set aside as operating
cash reserves to manage cash flow, maintain financial flexibility and cover ongoing operating and
programme cosls. This fund will be mainlained in liquid assets wilh inveslment managers CCLA. Access
to these funds to be authorised by at least tsvo members of the Senior Management Team.
The calculation of the required level of reserves is an integral part of the organisation'5 planning, budget and
forecast cycle. It takes into account=
Risks associated wrth income and expenditure being different to that budgeted.
The charity's commitments and planned activity level.
The policy will be reviewed every year by the Finance & Govemance Sub-committee or sooner rf warranted by
inlernal or extemal events or changes. The enduring impact of Covid has caused a review of Ihe financial needs
of the charity, but the Trustees believe that reserves are strong enough to meet those needs in the near term.

THE NOT FORGOTTEN ASSOCIATION (NFA)
TRUSTEES. (INCLUDING DIRECTORS.) REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Investments
The charity's investments during the year saw recovery from the economic downtum seeing a valuation gain of
£118,948 {2023 {£79,3471. Our inveslment advisors ensured the portfolio exceeded the performance of the
financial markets in general as they responded to global and national crisis. The charity drew down listed
investment disposals of £200,000 and cash in portfolio disposal of £300.000 {induding accrued Restricted
income from previous years for in-year expenditure in 20231241 plus income eamed in-year in accordance wilh
the reserves drawdown policy. Overall investments decreased in-year by £371,985.
Plans for 2024125
The Not Forgotten will continue to refine its delivery with increased reach into the regions where our beneficiaries
need us most. Emphasis continues to be on sustaining the legacy beneficiaries but also continuing to evolve a
programme of events that remains relevant to the next generation of emergent beneficiaries with many similar
needs, bul also very different ones loo. Criticalty this targeting and delivery is being done in partnership with
those best placed in the regions to ensure maximum impact. Cost l Benefit analysis continues to inform the
planning of our delivery schedule. Our KPIS for are listed separatety but the key plans for the year will include..
Deliver against Ihe strategy with business planning rigour, with key milestones and metrics
driving efficient operations and maximising benefiaary impact.
Drive partnerships and shared delivery I collaborative solutions.
Secure the Armed Forces Covenant Employer Recognition Scheme 'Gold' Award.
Remain a major contributor in the changing veteran charity sector.
Introduce new activiiies which are safe (risk managed) and rewarding for our diverse
beneficiary community.
Find and support new beneficiaries- targets set at 70% of those attending our events are new
to The Not Forgotten or have not attended a similar event for at least 2 years.
Achieve an >80Yo positive feedback from our programme.
Deliver transfomied approach to comms and engagement to ease access to our activities,
reach more benefiuaries and raise awareness.
Continue to enhance IT procedures (future proofing) with parlicular emphasis on data
management and contemporary I modemised and autofflated systems.
Continue staff CPD with emphasis sector specific training and development.
Identfy and secure new sources of funding via a strategic fundraising and philanthropy
campaign
Risks
The risks to The Not Forgotten are fomially reviewed every year by the Trustees. The three greatest risks lo the
charity are 11 reputational risk, 21 diversity of revenue streams. 3) staff resilience I succession planning. The
Trustees and Senior Management Team are constanty reviewing these and the perfomiance in mitigating them.
Summary
Wounded and injured setvice personnel and veterans are at the heart of everything we do. Remaining true to our
original objectives of 1920. we are proud to be supporting over 10.000 individuals each year, along with a
c20,000 indirect beneficiary communty, with our accessible and diverse programme. but we are modernising and
evolving io remain relevanl, impactful and ever MO￿ efficient. We consider it a huge privilege to be supporting so
many individuals who have served their country and now suffer. The Not Forgotten will continue to learn and
improve, such that we will serve the next generation of beneficiaries, as we have the current generation.

THE NOT FORGOTTEN ASSOCIATION (NFA)
TRUSTEES. (INCLUDING DIRECTORS.) REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Structure, governance and management
The charity is a company limited by guarantee.
The Truslees, who are also Ihe directors for the purpose of company law. and who seprfed during the year and up
to the date of signature of the financial statements were..
Mr M W Nicholls {Chairman)
Mr D J Cowley OBE
Mr J M Archer
Colonel W J Partridge
Mr G C Hursffield
Dr C M Goble
Commodore S J Scorer
Group Captain J L Gross
Mr P Botterill
MrSWGNeel
MrSNPost
Ms L J Gibbard
MrTMRLong
Mr F Roseman
Mr D Mason
MrAJ Stokes OBE
Mr N J Sandall
Mr R W L Cranfield
{Resigned 21 February 20241
(Resigned 20 November 2023)
(Resigned 14 April 2024)
(Resigned 8 March 2024)
{Appointed 1 November 20241
{Appoinled 30 December 2024)
{Appointed 30 De￿mber 2024)
Recruitment of Trustees
As sel oul in Ihe Articles of Association any person who is willing to act as a Trustee, and is permitted by law to
do so, may be appointed to be a Trustee by Ordinary Resolution- or by a simple majority of all the Trustees
entitled to attend and vote at any meeting ofthe General Committee. New Trustees who are invited to join the
Board by the Chairman, with the approval of Ihe Board. will nonnally serve for five years wilh an optional
extension of five years if approved by the Board. Trustees who join the Board normally come with a specific skill
or area of interest that will benefit Ihe organisation e.g. detailed understanding of the amied forces, inveslments,
finance or the law, or corporate experience and knowledge.
Trustee induction and training
New Truslees are briefed on their legal obligations. During their period of induction, Ihey meet Ihe management
team and review and discuss activities, re￿nt financial statements and Committee minutes. Trustees are
encouraged lo attend appropriate extemal training events where these will facililate the undertaking of their role.
This report has been prepared in accordance with the special provisions for small companies under Part 15 of
the CompaniesAct 2006.
The Trustees, Report was approved by the Board of Trustees.
rK1AILNictrLoILsJan29.292J 17.12 Gk'T'.
Mr M W Nicholls Ichainnan
Chairman
Dated..
..2910112045............

THE NOT FORGOTTEN ASSOCIATION (NFA)
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees, who are also the directors of The Not Forgotten Association INFA) for the purpose of company law,
are responsible for preparing the Trustees, Report and the financial stalements in accordance with applicable law
and United Kingdom Accounting Standards (United lQngdom Generally Accepted Accounting Practice).
Company Law requires the Trustees to prepare financial statements for each financial year which gNe a true and
fair view of the state of affairs of the charity and of the incoming resources and application of resources, including
the income and expenditure. of the charilable company for that year.
In preparing Ihese financial statements, the Trustees are required to=
select suitable accounting policies and then appty them consistenty..
observe the methods and principles in the Chartties SORP-
make judgements and estimates that are reasonable and prudent-
stale whether applicable UK Accounting Standards have been followed, subject to any malerial departures
disclosed and explained in the financial statements.. and
prepare the financial statements on the going cOn￿M basis unless tt is inappropriate to preSUn￿ that the charity
will continue in operation.
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at
any lime Ihe financial position of the charity and enable them lo ensure that the financial slatemenls comply with Ihe
Companies Act 2006. They are also responsible for safeguarding the assets of the chatity and hence for taking
reasonable sleps for the prevention and detection of fraud and other irregularities.

THE NOT FORGOTTEN ASSOCIATION (NFA)
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF THE NOT FORGOThEN ASSOCIATION (NFA)
Opinion
We have audited Ihe financial statements of The Not Forgotten Association {NFA) {the 'chartty') for the year ended
31 March 2024 which comprise the statement of financial activities. the balance sheet, the statement of cash flows
and the notes to the financial statemenls, including a summary of significant accounting policies. The financial
reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting
Standards, induding Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and
Republic of Ireland {United Kingdom Generalty Accepted Accounting Praclice).
In our opinion, the finanual statements=
give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its
incoming resources and application of resources, for the year Ihen ended.,
have been property prepared in accordance with United Kingdom Generally AC￿pted Accounting Practice,.
and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with Intemational Standards on Auditing (UK) {ISAs {UK}) and applicable
law. Our responsibilities under those standards are further described in the Auditorfs ￿sponSIbl11t1es for the audit ol
the financial statements section of our report. We are independent of the charity in accordance with the ethical
requirements that are relevant to our audit of the financial stalemenls in the UK, including Ihe FRC'S Elhical
Standard, and we have fulfilled our other ethical responsibilities in accordance wrth these requirements. We believe
that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial slatemenls, we have conduded that the Truslees. use of the going concem basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed. we have not identtfied any material uncertainties relating to events or
conditions that, individualty or collectivety, may cast significant doubt on the charity's abilty to continue as a going
concern for a period of at least Iwelve months from when the financial stalements are authorised for issue.
Our responsibilities and the responsibilities of Ihe Trustees with respect to going concern are described in the
relevant sections of this report.
Other infomiation
The other information comprises the infonnation induded in the annual report other than the fina￿la1 statements
and our auditovs report Ihereon. The Trustees are responsible for Ihe olher information conlained within the annual
report. Our opinion on the financial statements does not cover the other infomiation and we do not express any form
of assurance conclusion thereon. Our responsibility is lo read the other information and, in doing so, consider
whether the other infomiation is materialty inconsistent with the financial statements or our knowledge obtained in
the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies
or apparent material misstalements, we are reqUI￿d lo determine whether this gives rise to a malerol misslatemenl
in the financial statements themselves. If. based on the work we have perfomied, we conclude that there is a
material misstalement of this other infomation, we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing io report in respect of Ihe following matlers in relalion to which the Chartlies (Accounts and
Reports) Regulations 2008 require us to report to you if, in our opinion..
the infomiation given in the financial statements is inconsistent in any material respect with Ihe Trustees.
report., or
sufficient accounting records have not been kepl., or
the financial statements are not in agreement with the accounting records., or
we have not received all the infomation and explanations we require for our audit.

THE NOT FORGOTTEN ASSOCIATION (NFA)
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF THE NOT FORGOThEN ASSOCIATION (NFA)
Responsibilities of Trustees
As explained more fully in the statement of Truslees, responsibiltties. the Trustees. who are also the directors of the
charity for the purpose of company law. are responsible for the preparation of the financial statements and for being
satisfied Ihal they give a true and tsir view, and for such inlemal control as the Trustees delemine is necessary lo
enable the preparation of financial statements that are free from material misstatement, whether due to fraud or
error. In preparing the financial ststements, the Trustees are responsible ft)r assessing the charity's ability to
continue as a going concern, disdosing, as applicable. matters related to going concem and using the going
concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease
operations, or have no realistic allemative but to do so.
Audilor's responsibilities for the audit of the financial stalements
We have been appointed as auditor under section 144 of the Chartties Act 2011 and report in accordance with the
Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misslatement, whelher due lo fraud or error. and to issue an auditovs report that includes our opinion.
Reasonable assurance is a high level of assuran￿ but is not a guarantee that an audit conducted in accordance
wilh ISAS (UK) will always delect a material misstatement when it exists. Misslatements can arise from fraud or
error and are considered material if, individualty or in the aggregate. they could reasonably be expected to influence
the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-complian￿ wrth lav￿ and regulations. We design procedures in
line with our responsibililies, outlined above, to detect malerial misstatements in respecl of irregularilies, including
fraud. The extent to which our procedures are capable of detecting irregularities. induding fraud, is detailed below.
10-

THE NOT FORGOTTEN ASSOCIATION (NFA)
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF THE NOT FORGOThEN ASSOCIATION (NFA)
Extent to which the audit was considered capable of detecting irregularities, including fraud
Our approach to identifying and assessing the risks of material misstalement in respecl of irregularities, including
fraud and non-compliance with laws and regulations, was as follows..
the engagement partner ensured that Ihe engagement team collectivety had Ihe appropriate
cornpeten￿, capabilities and skills to identify or recognise non-compliance with applicable laws and
regulations-
' we identified the laws and regulations applicable to the charitable company through discussions wilh
Trustees and other management, and from our knowledge and experience ofthe sector-
' we focused on specific laws and regulations which we considered may have a direct malerial effect on
the financial statements or the operations of the charitable company. including the Companies Act 2006,
the Charities Act 2011, the Charities SORP. taxation legislation. data protection, anti-bribery,
employment, environmental and health and safety legislation-
' we assessed the extent of compliance with the lav￿ and regulations identified above through making
enquiries of management and inspecling legal correspondence., and
identified laws and regulations were communicated within the audit team regularly and the team
remained alert to instances of non-compliance throughout the audit.
We assessed the susceptibility of the charitable company s financial statements to material misslatemenl,
including obtaining an understanding of how fraud might occur, by..
making enquiries of management as to where they considered there was susceptibility to fraud, their
knowledge of actual, suspected and alleged fraud- and
considering the internal controls in place to miiigate risks of fraud and non-complian￿ with laws and
regulations.
Audit response to risks identified
To address the risk of fraud through management bias and override of controls. we..
perfomed analytical procedures to identify any unusual or unexpected relationships..
reviewed all transactions listed-
assessed whether judgements and assumptions made in detemiining the accounting eslimates were
indicative of potential bias., and
investigated the rationale behind significant or unusual transadions.
In response lo the risk of irregularities and non-compliance wtlh laws and regulations. we designed prO￿dureS
which included, but were not limited to..
agreeing financial stalemenl disclosures lo underlying supporting documentalion., and
enquiring of management as to actual and potential litigation and claims.
There a￿ inherent limitations in our audil proCedU￿S described above. The MO￿ removed Ihat laws and
regulations are from financial transactions, the less likety it is that we would become aware of non-compliance.
Auditing standards also limit the audil procedures required to idenlify non-compliance with laws and regulations
to enquiry of the Trustees and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements Ihal arise due to fraud can be harder to detecl than those that arise from error as Ihey
may involve deliberate concealment or collusion.
A further description of our responsibilities is available on the Financial Reporting Council's website at.. https=Il
www.frc.org.uklauditorsresponsibilities. This description forms part of our auditols report.
11

THE NOT FORGOTTEN ASSOCIATION (NFA)
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF THE NOT FORGOThEN ASSOCIATION (NFA)
Use of our report
This report is made solely to the chartty's Truslees. as a body. in accordance with part 4 of the Charities (Accounts
and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's
Truslees Ihose matters we are required lo state to them in an audito¢s report and for no olher purpose. To the
fullest extent permitted by law, we do not aC￿pt or assume responsibility to anyone other than the charity and the
charity's Trustees as a body, for our audit work, for this report, or for the opinions we have fomied.
Alliotts LLP
2910112025
Chartered Accountants
Statutory Auditor
3 London Square
Cross Lanes
Guildford
GU1 1UJ
Alliotts LLP is eligible for appointment as audilor of the charity by virtue of its eligibilty for appointment as auditor of
a company under section 1212 ofthe Companies Act 2006.
12-

THE NOT FORGOTTEN ASSOCIATION (NFA)
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted Restricted
funds
funds
2024
2024
Total Unrestricted Restricted
funds
funds
2023
2023
As restated As restated
Total
2024
2023
Notes
Income from:
Donations and legacies
Inveslments
630,428
53,218
76,349
7C6,777
53,218
739,942
67,194
272,141
1,012,083
67,194
Total income
683,646
76,349
759.995
807,136
272,141
1,079,277
Expendilure on-
Raising funds
Charilable activities
166,777
1,030,378
3,541
239,828
170,318
1,270,206
221,935
899,729
3,541
241,907
225,476
1,141,636
Tolal expenditure
1,197,155
243,369
1,440,524
1,121,664
245,448
1,367,112
Operating result
(513,509) (167,020) (680,529)
(314,528)
26,693
(287,835)
Net gainslllosses) on
investments
11
118,948
118,948
{79,347)
{79,347)
Net expenditure
(394,561) (167,020) (561,581)
(393,875)
26,693
{367,182)
Transfers be￿een
funds
{22,723)
22,723
Other recognised
gains and losses:
Olher losses
13
{416)
{416)
Net movement in
funds
(417,7001 (144,297) (561,997)
(393,875)
26,693
(367,182)
Reconciliation of funds:
Fund balances at 1 April 2023
2,090,637
196,676 2,287,313
2,484,512
169,983 2,654,495
Fund balances at 31 March
2024
1.672,937
52,379 1.725,316
2.090,637
196,676 2,287,313
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.
13-

THE NOT FORGOTTEN ASSOCIATION (NFA)
BALANCE SHEET
ASAT31 MARCH 2024
2024
2023
Notes
Fixed assets
Inveslments
14
1.542,936
1,914,921
Current assets
Debtors
Cash at bank and in hand
15
147.369
154.150
107,194
321,801
301,519
428,995
Creditors: amounts falling due within
one year
16
(119,139)
(56,6031
Net current assets
182,380
372,392
Tolal assets less current liabilities
1,725,316
2,287,313
The funds of the charity
Restricted income funds
Unrestricled funds
19
52,379
1.672,937
196,676
2,090,637
1.725,316
2,287,313
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act
2006, for the year ended 31 March 2024, atthough an audit has been carried out under seclion 144 of the Charities
Act2011.
The directors acknowledge their responsibiif(ies for comptying wilh the requirements of Ihe Companies Acl 2006
with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audtt of its financial statements under the requirements
of the Companies Act 2006, for the year in question in accordance wilh section 476.
These financial slatements have been prepared in accordan￿ with the provisions applicable to companies subject
to the small companies regime.
The financial stalements were approved by the Trustees on
..2910112025......
Lw4
Mr M W Nicholls
Chairnian
Company registration number 08302965 (England and Wales)
14-

THE NOT FORGOTTEN ASSOCIATION (NFA)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Notes
Cash flows from operating activities
Cash absorbed by operations
25
{711.802)
(389,166)
Investing activities
Purchase of investmenls
Proceeds from disposal of investments
Inveslment income received
{9,067}
500.000
53,218
1248,1081
550.000
67,194
Net cash generated from investing
activities
544,151
369,086
Net cash used in financing activities
Net decrease in cash and cash equivalents
(167,651)
{20,080)
Cash and cash equivalents at beginning of year
321,801
341,881
Cash and cash equivalents at end of year
154,150
321,801
15-

THE NOT FORGOTTEN ASSOCIATION (NFA)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
Charity infomiation
The Not Forgotten Association {NFA) is a private company limited by guarantee incorporated in EngLand and
Wales. The registered Offi￿ is 1 st Floor. 14 Buckingham Palace Road. London. SW1 W OQP.
1.1 Accounting convention
The financial stalemenls have been prepared in accordance with the charity's Articles of AssocialK)n, the
Companies Acl 2006 and "Accounting and Reporting by Charities= Stalemenl of Recommended Praclice
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in Ihe UK and Republic of Ireland IFRS 102) {effective 1 January 20191" The charity is a Public
Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charity- Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the
revaluation inveslments 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 financial ststements, the Trustees have 8 reasonable expectation that the charity
has adequate resources lo continue in operalional exislence for the foreseeable fulure. Thus the Truslees
continue to adopt the going concem basis of accounting in preparing the financial statements.
1.3 Charilable funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable
objeclives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds a￿ set out in the notes to the financial statements.
1.4 Incorne
Income is recognised when the charity is legalty entitled to it after any perf0mlan￿ conditions have been met,
the amounts can be measured reliably. and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified
of the donation, unless perfomiance conditions requi￿ deferral of the amount. Income tax recoverable in
relation to donations received under Gnft Aid or deeds of covenant is recognised at the tirne of the donation.
Legacies are recognised on receipt or olherwise if the charity has been notified of an impending dislribulion,
the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a
contingent asset.
Donaled services and facilities are recognised in the period of receipt at fair value.. a corresponding amount is
also recognised in expenditure.
16-

THE NOT FORGOTTEN ASSOCIATION (NFA)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third paty, li
is probable that settlement will be required and the amount of the obligation can be measured reliably.
Costs of raising funds indudes all expenditure incurred by the charity to raise funds for its charitable
purposes. This includes fundraising activities and events.
Expenditure on charitable activities includes the costs of activities and their associaled support costs.
As The Not Forgotten is not registered for VAT, all VAT incurred is charged as a cost against the activity for
which the expenditure was incurred.
Support costs include back office costs such as finance. personnel, events support and governance costs.
These costs have been allocated be￿een the costs of raising fijnds and charitable activities. The basis for
allocation is percentage ol staff time.
Digital Inclusion Programme
Holidays
Entertainments
Outings
Fundraising & Publicty
90A
31%
34%
9%
170
1.6 Fixed asset investments
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are
subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net
incomel(expenditure) for the year. Transaction costs are expensed as incurred.
1.7 Cash and cash equivalents
Cash and cash equivalents include cash in hand. deposils held at call with banks, olher short-temi liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in currenl liabilities.
1.8 Financial instruments
The charity only has financial assets and liabilities of a kind that qualrfy as basic financial instruments.
Basic financial instruments are inilialty recognised at transaction value and subsequentty measured at their
settlement value.
1.9 Employee benefits
The cosl of any unused holiday entttlement is recognised in the period in which the employee's services are
received.
Temiination benefits are recognised immediatety as an expense when the charity is demonstrably committed
to terminate the employment of an employee or to provide temination benefrts.
1.10 Retirement benefits
Payments to defined contribution retirement benefft schemes are charged as an expense as they fall due.
17-

THE NOT FORGOTTEN ASSOCIATION (NFA)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Critical accounting estimates and judgements
In the application of the charity's accounting policies. the Trustees are required to make judgements,
eslimates and assumplions aboul the carying amount of assets and liabilities that are nol readily apparent
from other sources. The estimates and associated assumptions are based on historical experience and other
factors that are considered to be relevant. Actual resums may differ from these estimates.
The estimates and undertying assumptions are reviewed on an ongoing basis. Revisions to accounting
eslimates are recognised in the period in which the estimate is revised where Ihe revision affecls cfftly thal
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Pension provision
The charity participates in the Royal London Group Personal Pension Plan and all employees are
automatically enrolled into the pension plan with the statulory minimum employer contribution of 50/0 and
employee of 30A.
Income from donations and legacies
Unrestricted Restricted
funds
funds
2024
2024
Total Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Donations and gifts
Legacies
Donated goods and
setvices
507,723
114,705
76,349
584,072
114,705
378,754
356,388
272,141
650,895
356,388
8,000
8,000
4,800
4,800
630,428
76,349
7C6,777
739,942
272,141
1,012,083
The charity has received tickels lo events and the use of facilities and services during the year for which the
donors required no payment. An amount has been induded as gifts in kind as both income and expenditure to
enable a better understanding of the funds.
Income from investments
Unrestricted Unrestricted
funds
funds
2024
2023
Income from unlisled investments
Interest re￿1vable
44,778
8,440
52,922
14,272
53,218
67,194
18-

THE NOT FORGOTTEN ASSOCIATION (NFA)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Expenditure on raising funds
Unrestricted Restricted
funds
funds
2024
2024
Total Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Fundraising and publicity
Seeking donalions, grants
and legacies
Advertising
Other fundraising costs
staff costs
Support costs
2,819
4,782
32,717
95,835
30,624
2,819
4,782
32,717
95,835
34,165
6,383
1,204
16,690
137,991
59,667
6,383
1,204
16,690
137,991
63,208
3,541
3,541
166,777
3,541
170,318
221,935
3,541
225,476
Charitable activities
Digital
Inclusion
Programme
2024
Holidays
Entertain
ment
Outings
Total
2024
Total
2023
2024
2024
2024
Staff costs
Direct Costs
50,736
15,045
174,759
542,377
191,671
64,317
50.736
467.902
621,739
337,840
632,763
65,781
717,136
255,988
50,736
1,089,641
970,603
Share of support costs
(see note 7)
Share ofgoveman
costs Isee note 71
18,087
62,300
68,329
18.088
166.804
154,752
1,492
5.140
5,637
1.492
13.761
16,281
85,360
784,576
329,954
70,316 1.270,206
1,141,636
Analysis by fund
Unrestricted funds
Restricled funds
78,671
6,689
577,015
207,561
317,755
12,199
56,937
13.379
1,030,378
239.828
899,729
241,907
85,360
784,576
329,954
70.316 1.270.206
1,141,636
19-

THE NOT FORGOTTEN ASSOCIATION (NFA)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Charitable activities
(Continued)
For the year ended 31 March 2023
Digital
Inclusion
Programme
Holidays
Entertain
ment
Outings
Total
2023
Staff costs
Direct Costs
66.616
23.253
104,683
266,869
90,408
328,288
76,133
14,353
337,840
632,763
89.869
371,552
418,696
90,486
970,603
Share of support costs (see nole 71
Share of governan￿ costs (see note 7)
30,515
3.173
47,951
4,986
41,413
4,306
34,873
3,816
154,752
16,281
123.557
424,489
464,415
129,175
1,141,636
Analysis by fund
Unrestricted funds
Restricted funds
116,868
6.689
297,599
123,349
369,466
82,750
115,796
899,729
241,907
123.557
289,812
423,484
112,841
1,141,636
Support costs
Support Govemance
costs
costs
2024
Support Govemance
costs
costs
2023
Office Expenses
Rent
Employee Related
Insurance
84,916
89.936
9,642
16.475
84,916
89.936
9,642
16.475
95,700
67,753
39,103
15,404
95,700
67,753
39,103
15,404
Audit fee5
Governance Costs
16.580
16.580
14,017
8,647
14,017
8,647
200,969
16,580
217,549
217,960
22,664
240,624
Anatysed be￿een
Fundraising
Charitable activities
34.165
166.804
2.819
13.761
36.984
180.565
63.208
154,752
6,383
16,281
69,591
171,033
200.969
16.580
217.549
217,960
22,664
240,624
Governance costs includes Ihe gross audit fee charges of £16.58012023'. £14.0171 which are partly covered
by gift in kind donations back to the chartty-
-20-

THE NOT FORGOTTEN ASSOCIATION (NFA)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Net movement in funds
2024
2023
The net movement in funds is stated after chargingl(creditr'ngl=
Fees payable for the audit of the charity's financial statements
16,580
14,017
Trustees
None of the Trustees (or any persons connected with them) received any remuneralion during the year and
none were reimbursed meeting expenses {2023- £nil).
10 Employees
Number of employees
The average monthly number of employees during the yearwas..
2024
Number
2023
Number
Employment costs
2024
2023
Wages and salaries
Social security costs
other pension costs
480,307
43,566
39,864
408,528
36,465
30,838
563,737
475,831
The number of employees whose annual remuneration was £60.000 or more
2024
Number
2023
Number
£85,000￿90,000
£100,000-£109,999
Remuneration consisls of gross salary, employeffs Nl and pension and beneffts in kind.
21

THE NOT FORGOTTEN ASSOCIATION (NFA)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
11
Gains and losses on investments
Unrestricted Unrestricted
funds
funds
2024
2023
Gainsl{lossesl arising on..
Revaluation of investments
118,948
{79,347)
12 Taxation
The charity is exempt from taxation on its activtlies because all its income is applied for charitable purposes.
13 Other gains and losses
Unrestricted Unrestricted
funds
funds
2024
2023
Gainsl{lossesl upon=
Foreign exchange
416
-22-

THE NOT FORGOTTEN ASSOCIATION (NFA)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
14 Fixed asset investments
Listed
investments
Cash in
portfolio
Total
Cost or valuation
Al 1 April 2023
Additions
Valuation changes
Disposals
1.566.047
348,874
9,067
1,914,921
9,067
118,948
(500,000)
118,948
1200,000)
(300,0001
At 31 March 2024
1.484.995
57,941
1,542,936
Carrying amount
Al 31 March 2024
1,484,995
57,941
1,542,936
At 31 March 2023
1,566,047
348,874
1,914,921
-23-

THE NOT FORGOTTEN ASSOCIATION (NFA)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
15 Debtors
2024
2023
Amounts falling due within one year:
Other debtors
Prepayments and accrued income
122,086
25,283
35,620
71,574
147,369
107,194
16 Creditor5: amounts falling due within one year
2024
2023
Notes
Other taxation and social security
Deferred income
Trade credilors
Other creditors
Accruals
9,212
62,198
29,694
5,870
12,165
11,940
12,289
5,198
17
27,176
119,139
56,603
17 Deferred income
2024
2023
Arising from rental income and events
62.198
12,289
Deferred income is included in the financial statements as follows..
2024
2023
Deferred income is included within-
Current liabilities
62.198
12,289
Movements in the year..
Deferred income at 1 April 2023
Released from previous periods
Resources defe￿ed in the year
12,289
(12,2891
62,198
18,535
{18,535)
12,289
Deferred income at 31 March 2024
62,198
12,289
The deferred income relate5 to an annual donation to cover rent, for the period starting 1 March each year. a
grant from Suffolk Masonic for a drive-in event in September 2024, and tickets purchased for the April 2024
Spring Fundraiser event.
-24-

THE NOT FORGOTTEN ASSOCIATION (NFA)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
18 Retirement benefit schemes
2024
2023
Defined contribution schemes
Charge to Statement orf Financial Activities in respect of defined contribution
schemes
39,864
30,838
The charity operates a defined contribution pension scherne for all qualifying employees. The assets of the
scheme are held separately from those of the charity in an independentty administered fund.
19 Restricted funds
The restricted funds of the charity comprise the unexpended balan￿S of donations and grants held on trust
subjecl to specific conditions by donors as to how they may be used.
At 1 April
2023
Incoming
resources
Resources
expended
Transfers At 31 Mar¢h
2024
NVVB Headley Court
JTI Big Walk Challenge
Other
Rent contribution
46,634
130,042
20,000
(47,873)
(97,663)
(58,484)
{39,349)
1,239
32,379
20,000
37.000
39,349
21,484
196,676
76,349
(243,369)
22,723
52,379
Previous year:
At 1 April
2022
Incoming
resources
Resources
expended
As restated As restated
Transfers At 31 March
2023
NWB Headley Court
JTI Big Walk Challenge
Other
Rent contribution
169,983
(123,349)
{15,000)
(67,750)
(39,349)
46,634
150,042
165.042
67.750
39.349
169,983
272.141
245,448
196,676
Headley Court Trust is for a three-year programme for adaptive skiinglchallenges.
JTI Big Walk Challenge has raised monies to fund community concerts and activities {including respites)
throughout the next financial year.
The Other restricted funds are funds to support Christmas entertainment and meals, and £20,000 br￿ght
foNard from the previous year in relation to a one off event.
The rent contribution represents a donation. providing 50¥0 of the rent and VAT for the propety that serves as
Ihe charity's main office.
-25-

THE NOT FORGOTTEN ASSOCIATION (NFA)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
20 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
nol subjecl to specific condilions by donors and grantors as lo how Ihey may be used. These include
designated funds which have been set aside out of unrestricted funds by the truslees for specific purposes.
At 1 April
2023
Incorning
resources
Resources
expended
Transfers
Gains and At 31 March
losses
2024
Investment
Fund
Core Operarting
Cash Reserve
General funds
1.400.000
1,400,000
150.000
540,637
150,000
122,937
683,646
(1,197,155)
(22,723)
118,532
2,090,637
683,646
(1,197,155)
(22,723)
118,532
1,672,937
Previous year-
At 1 April
2022
Incoming
resources
Resources
expended
Transfers
Gains and At 31 March
losses
2023
Investment
Fund
Core Operarting
Cash Reserve
General funds
2.000.000
(600,000)
1,400,000
150,000
450,000
150,000
540,637
484.512
807,136
(1.121.664)
{79,3471
2,484.512
807,136
1.121.664
{79,3471
2,090,637
The Investment Fund has been used as rf it were a captlal fund to generate an income stream to spend on Ihe
charity's programmes.
The Core Operating Cash Reserve is a sum set aside as operating cash reserves to manage cash flow,
maintain financial flexibility and cover ongoing operating and programme costs.
21 Analysis of net assets between funds
Unrestricted
funds
2024
Reslri¢led
funds
2024
Total
2024
At 31 March 2024:
Investments
Currenl assetsllliabililies)
1.542,936
130,001
1,542,936
182,380
52,379
1,672,937
52,379
1,725,316
-26-

THE NOT FORGOTTEN ASSOCIATION (NFA)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
21 Analysis of net assets between funds
(Continued)
Unrestricted
funds
2023
Restricted
funds
2023
Total
2023
At 31 March 2023:
Investments
Currenl assetsllliabililies}
1,914,921
175,716
1,914,921
372,392
196.676
2.090,637
196.676
2,287,313
22 Operating lease commitments
At the reporting end date the charity had outstanding commitments for fijture minimum lease payments under
non-cancellable operating leases, which fall due as follows..
2024
2023
Within one year
Between and five years
84,108
147,189
84,108
164,789
231,297
248,897
23 Related party transactions
Remuneration of key management personnel
The remuneration of key management personnel is as follows and comprises Chief Executive, Head of
Events, Head of Finance and tsyo Senior managers.
2024
2023
Aggregate compensation
439,082
313,616
24 Analysis of changes in net funds
The charity had no material debt during the year.
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THE NOT FORGOTTEN ASSOCIATION (NFA)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
25 Cash generated from operations
2024
2023
Deficil for the year
(561.581)
{367,182)
Adjuslments for..
Investment income recognised in staternent of finanaal activities
Foreign exchange differences
Fair value gains and losses on investments
(53.218)
{416)
(118.948)
{67,194)
79,347
Movements in working capital:
(Increase} in debtors
Increase in creditors
Increasel{decreasel in deferred income
{40,175)
12,627
49,909
{36,791)
8,900
(6,246)
Cash absorbed by operations
{711,802)
{389,166)
26 Prior period adjustment
During the currenl year, a review of the temis of the donation for rent from Weslminster Foundalion
determined that the funds should be classified as restricted rather than unrestricted. as the donation is
specifically for the payment of propety ￿nt. This reclassffication, recorded as a prior period adjustment, did
not result in any changes to the overall Balance Sheet or Statement of Financial Activilies but reflects a
reallocation be￿een restricted and unrestricted fijnds.
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