```
REGISTERED CHARITY NUMBER: 1155609
```
```
Report of the Trustees and
```
```
Unaudited Financial Statements for the Year Ended 31 December 2022
```
```
for
```
```
The Gallipoli Association
```
```
Merchant & Co
Chartered Certified Accountants
20 Exhibition House
Addison Bridge Place
London
W14 8XP
```
```
The Gallipoli Association
```
```
Contents of the Financial Statements
for the Year Ended 31 December 2022
```
||**`Page`**|
|---|---|
|**`Reference and Administrative Details`**|`1`|
|**`Report of the Trustees`**|`2 to 5`|
|**`Independent Examiner's Report`**|`6`|
|**`Statement of Financial Activities`**|`7`|
|**`Balance Sheet`**|`8`|
|**`Notes to the Financial Statements`**|`9 to 16`|
|**`Detailed Statement of Financial Activities`**|`17 to 18`|
```
The Gallipoli Association
```
## **`Reference and Administrative Details`**
## **`for the Year Ended 31 December 2022`**
```
TRUSTEESBrig. James Stopford CBE Chairman
Mr Stephen Chambers
Mr Peter Luff
Mr Ian Binnie
Mr Thomas Peter Iredale
Mrs Margaret Irene Carter
PRINCIPAL ADDRESSMonomark House
27 Old Gloucester Street
London
WC1N 3AX
REGISTERED CHARITY NUMBER 1155609
INDEPENDENT EXAMINERMerchant & Co
Chartered Certified Accountants
20 Exhibition House
Addison Bridge Place
London
W14 8XP
```
```
Page 1
```
```
The Gallipoli Association
```
```
for the Year Ended 31 December 2022
```
## **`Report of the Trustees`**
```
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31December 2022.
ThetrusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:Statementof Recommended
PracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReporting Standard
applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives and aims`**
```
ToadvanceeducationforthepublicbenefitbyraisingpublicawarenessoftheGallipoliCampaignof1915and by
encouragingandfacilitatingthestudyinthelegacyandlessonsofthatCampaign,keepingalivethememoryof the
Campaignandensuringthatallwhofoughtorservedinit,andthosewhogavetheirlives,arenotforgotten by
applying such means as the Trustees deem fit.
```
## **`Public benefit`**
```
ThetrusteeshavecompliedwiththedutiesinSection17oftheCharitiesAct2011tohaveregardto guidance
publishedbyTheCharityCommission,includingpublicbenefitguidance.Fordetailsseesection'Charitable activities'
below.
```
```
Page 2
```
```
The Gallipoli Association
```
```
Report of the Trustees
for the Year Ended 31 December 2022
```
## **`ACHIEVEMENT AND PERFORMANCE Charitable activities`**
```
We hadhighhopesattheendof2021thatwe wouldsee a returntonormalityforourannualprogrammein2022 -
andwehave.Ithasbeenabusyyearwhichhasseentheresumptionofwellattendedconferencesandseminars, a
cadettriptothebattlefieldandthefullrangeofcommemorativeevents.Animpressiveyear,withsome highlights
mentionedbelow,andallenabledbyadedicatedanddynamicsetofTrustees.Itisonlyrightmyfirst substantive
commentistooffermythanksandadmirationtotheTrusteesforalltheyhavedoneandcontinuetodofor the
Association- and in mentioningthem I would also like to thank our Events Coordinator,Ms Hester Huttenbach,for her
energyinmakingourwidevarietyofeventssoeffectiveandappealing,andourPresidentwhosecalmand wise
counsel is always greatly valued.
```
## `Some of our 2022 achievements:`
```
ToRemember.Fromtheexceptionallywellattendedwreath-layingServiceatStPaul'storegionalacts of
remembranceandtotheCenotaphParadeinNovember,theAssociationhasbeenrepresentedatthe main
commemorativeeventsthroughouttheyear.A commemorativeservicewasheldatLeamingtontohonourthe 29th
Division,butplanstoerectamemorialinthetownhavebeenpausedtoensurewegettherightlocationand one
wherethelocalcommunitywillvalueitspresence.Wehavereachedadiplomaticimpassewiththeauthorities in
EgyptovertherevampingoftheZionistMuleCorpsMemorial,butwearereadytofundtheworkassoonas the
CommonwealthWar Graves Commissiongives us the thumbs up.We are particularlypleased that the flagship project
todigitallymapthepeninsulahasstartedandhasalreadyunearthednewlocationsandhistoricaltreasures.This is
oneprojectwhichwilltrulystandthetestoftimeandbealastingtributetothelegacyofallthosewhoserved in
1915/16.
```
```
ToStudy.Wehavecontinuedtoreachyoungandless-youngmembersofthepublicbyputtingonaseriesof well
attendedliveandvirtualevents.Ourregularmid-weekwebinarshaveretainedtheirlockdownappealandare well
supportedbysome50 attendeeseverymonth.ThewebinarsarenowrecordedandplacedonourYouTube channel
sootherscanenjoythematleisure.TheAnnualConferenceattheRAFClubattractedsome45delegatesand the
RegionalConferenceinChelmsfordinMarch2022attractedover40.Discussionsaroundthepresentationsat both
events clearlydemonstrateda lively interestin the campaignand its enduringlessons.We were thrilledthat we could
hostagroupofcadetsandschoolstudentsonatriptothepeninsula-theimpactofthesetripsneverceases to
inspire,it goes to the heart of what the Associationis all about.Our links with local museums have been nurtured and
continueodevelop-athemethatwillcontinueinto2023.Wehaveworkedwiththreeschoolsinpartnership with
Artists in Schoolsto make the best of differentmediums to encouragelearningand generatean interestin history and
the campaign. It is working.
```
```
To Honour.Of course,everythingwe do is to honourthosewhoservedandso we achievethisobjectiveby virtue of
thesuccessfulconclusionof allourprojects.Butit is worthnotingherethattheTrusteesdonotstandstillin seeking
news ways to honourourforebears.2022 saw the inauguralPresident'sBookAwardwhichattracteda great number
ofwriterswhosubmittedawiderangeofbiographicalandhistoricalbooksonthecampaign.Thestandard was
impressivelyhighandit was wonderfulto see suchenthusiasmfrom amateurauthors.We have alsocommissioned a
series of virtuallybattlefieldtours throughBattle Guide VirtualTours which will allow us to show the battlefieldand all
itslessonstoamuchwideraudience.Andfinally,wehavestartedanewandboldpartnershipwiththe Turkish
GallipoliCampaignInstitute(ÇanakkaleSavaslarEnstitüsü-ÇASAEN)basedinÇanakkale.Thislookstouse sporting
events as a medium to encourage study by both British and Turkish students.
```
```
MembershipReportforAnnualReport.Membershiphasdeclinedslightlysincethistimelastyearandwhenwe are
given a reason it tends to reference the 'cost of living'rather than relevance.58 new members joinedin 2022 (up from
52 in 2021) more or less matchingthose who left. At the 2022 AGM it was noted that The Trustees had agreed to raise
subscriptionsin2023from£20.00to£25.00forUKmembersandfrom£30.00to£40.00forthoseoverseas.At the
sametime'Digital'membershipwasintroducedtoreflectincreasedcostsoflivingandthisprovidesonlineaccess to
The Gallipolian for a subscription of £20.00 per annum. A number of members have taken up this option.
```
```
Page 3
```
```
The Gallipoli Association
```
```
for the Year Ended 31 December 2022
```
## **`Report of the Trustees`**
```
Theprincipalreasonforjoiningstillseems tobe throughancestryalthoughwe havestudentswhojoinand generally
leave once their studies are complete.Attractingthose who have discovereda connectionwith the campaign remains
a focus, the challenge is to retain them.
```
```
It is throughcommunicationsthatwe have managedto maintainour reachand explainour relevanceand the level of
impact we have on those who engage with us.I remain hugelygratefulto the small Comms Group - withoutthem our
good work could easily be missed.
```
## **`FINANCIAL REVIEW`**
## **`Financial Results and Reserve Policy`**
```
We have movedon from the Covidpandemicandhave been ableto conducta fullprogrammebutthishas increased
our expenditure and the Trustees are very alive to how this has affected our balance sheet.
```
```
TheAssociation'smainincomesourcecontinuedtobemembershipfees,£16,848in2022(2021: £19,549).
Supplementing this the Association has been fortunate in receiving a further £1,433 during 2022 in donations.
```
```
In2021theAssociationmadeseveraldepositsinvariousaccountstomaximiseearnings.Thesehavegenerally done
wellandouraccountsnowsitat£88,067intheBuckinghamshireBuildingSociety(upfrom£87,240in2021) and
£85,721intotwo InvestmentFundswithCCLA;these beingthe CharitiesInvestmentFundandCharitiesGlobal Equity
IncomeFund,downfrom£95,686in2021.Thiswasalargefallbutnotunexpectedgiventheinvestmentturmoil in
2022andbothfundshaveshowngoodrecoveryin2023.TheTrusteesaremindfulthattheseinvestmentscan also
decrease in value and the market valuations are kept under strict scrutiny.
```
```
Attheendof2022theAssociationcashreservescontainedaveryhealthybalanceof£114,039withan additional
£85,721ininvestmentfunds.Totalreservesavailableto thecharityat 31stDecember2022stoodat £200,393 which
is the 2021 balance of £233,445 less the deficit for the year of £33,052.
```
```
But this does mean the Trustees need to considerhow fundingcan be improvedin 2023 and beyond.This is a priority
for our consideration.
```
```
Ourreservesarecurrentlyhigh,butdiminishing,aswewerefortunateenoughtoreceivefundingandhave retained
themtocompensateushavingnoguaranteedincomeabovemembershipsubscriptions-thesepayforthe routine
costsoftheAssociation(magazineetc)butnottheeducationalandmemorialprojects.Thefundsremained static
over the pandemic but are now being rapidly used up.
```
## **`Risk statement`**
```
TheTrusteeshaveadutytoidentifyandreviewtheriskstowhichthecharityisexposedandtoensure appropriate
controlsareinplacetoprovidereasonableassuranceagainstfraudanderror.Themajorrisks,bothoperational and
financial,towhichthecharityissubjectareassessedeachyearandappropriatesafeguardsarediscussedandput in
placetomitigatethecharity'sexposuretotheserisksshouldtheycrystalise.Theriskmanagementpolicyis closely
linked to the reserve policy.
```
```
Page 4
```
```
The Gallipoli Association
```
## **`Report of the Trustees`**
## **`for the Year Ended 31 December 2022`**
## **`FUTURE PLANS`**
```
There is plenty to do in 2023 including:
```
- `Deliver a school trip battlefield tour for North Dulwich Charter School`
- `Continue the digital mapping of the peninsula`
- `Publish the virtual battlefield tours`
- `Deliver our webinars`
- `Deliver a Regional and Annual Conference with over 70 delegates attending each`
- `Identify new funding streams`
- `Extend our contacts with partner organisations`
- `Maintain or increase our membership`
- `Attract new members as Trustees`
- `Develop the partnership with ÇASAEN`
- `Rationalise our bank accounts`
- `Attract new volunteers`
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
```
Thecharityiscontrolledbyitsgoverningdocument,itsconstitutionasaCharitableIncorporatedOrganisation (CIO),
with voting members other than its trustees, (the "Association").
```
## **`Recruitment and appointment of new trustees`**
```
New trusteesare appointedby membersoutof the existingmembershipat an AnnualGeneralMeeting;trustees can
appoint new trustees any time; a minimum of at least 20 members can nominate a person for a trustee vacancy.
```
```
Approved by order of the board of trustees on 11 September 2023 and signed on its behalf by:
```
```
Brig. James Stopford CBE - Trustee
```
```
Page 5
```
```
Independent Examiner's Report to the Trustees of
The Gallipoli Association
```
## **`Independent examiner's report to the trustees of The Gallipoli Association`**
```
I reportto the charitytrusteeson my examinationof the accountsof The GallipoliAssociation(the Trust)for the year
ended 31 December 2022.
```
## **`Responsibilities and basis of report`**
```
AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewith the
requirements of the Charities Act 2011 ('the Act').
```
```
I reportin respectof my examinationof the Trust'saccountscarriedoutunderSection145 of the Act andin carrying
out my examinationI have followedall applicableDirectionsgiven by the CharityCommissionunderSection 145(5)(b)
of the Act.
```
## **`Independent examiner's statement`**
```
I havecompletedmyexamination.I confirmthatnomaterialmattershavecometomyattentioninconnection with
the examination giving me cause to believe that in any material respect:
```
`1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or`
`2. the accounts do not accord with those records; or`
`3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.`
```
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
```
```
Ketan Ramesh Patel FCCA
```
```
Merchant & Co
Chartered Certified Accountants
20 Exhibition House
Addison Bridge Place
London
W14 8XP
```
```
19 September 2023
```
```
Page 6
```
```
The Gallipoli Association
```
## **`Statement of Financial Activities`**
## **`for the Year Ended 31 December 2022`**
|`Unrestricted`
`funds`
`Notes`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`2`
**`1,433`**
**`Charitable activities`**
`5`
`Educational activities`
**`10,896`**
`Other trading activities`
`3`
**`19,154`**
`Investment income`
`4`
**`826`**
**`Total`**
**`32,309`**
**`EXPENDITURE ON`**
`Raising funds`
**`13,826`**
**`Charitable activities`**
`6`
`Educational activities`
**`41,159`**
`Other`
`9`
**`411`**
**`Total`**
**`55,396`**
`Net gains/(losses) on investments`
**`(9,965)`**
**`NET INCOME/(EXPENDITURE)`**
**`(33,052)`**
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
**`202,449`**
**`TOTAL FUNDS CARRIED FORWARD`**
**`169,397`**
**`CONTINUING OPERATIONS`**|`Restricted`
`funds`
`£`
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`30,996`**
**`30,996`**|**`2022`**
**`Total`**
**`funds`**
**`£`**
**`1,433`**
**`10,896`**
**`19,154`**
**`826`**
**`32,309`**
**`13,826`**
**`41,159`**
**`411`**
**`55,396`**
**`(9,965)`**
**`(33,052)`**
**`233,445`**
**`200,393`**|`2021`
`Total`
`funds`
`£`
`7,994`
`2,658`
`20,110`
`240`|
|---|---|---|---|
||||`31,002`|
||||`14,227`
`9,671`
`503`|
||||`24,401`|
||||`15,686`|
||||`22,287`
`211,158`|
||||`233,445`|
|||||
```
All income and expenditure has arisen from continuing activities.
```
```
The notes form part of these financial statements
```
```
Page 7
```
```
The Gallipoli Association
```
## **`Balance Sheet`**
## **`31 December 2022`**
|`Unrestricted`
`funds`
`Notes`
`£`
**`FIXED ASSETS`**
`Investments`
`12`
**`85,721`**
**`CURRENT ASSETS`**
`Debtors`
`13`
**`7,456`**
`Cash at bank and in hand`
**`83,043`**
**`90,499`**
**`CREDITORS`**
`Amounts falling due within one year`
`14`
**`(6,823)`**
**`NET CURRENT ASSETS`**
**`83,676`**
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
**`169,397`**
**`NET ASSETS`**
**`169,397`**
**`FUNDS`**
`15`
`Unrestricted funds:`
`General fund`
`Designated - Education and Commemoration`
`Fund`
`Restricted funds:`
`Eranda/Education`
`Survey Project`
**`TOTAL FUNDS`**|`Restricted`
`funds`
`£`
**`-`**
**`-`**
**`30,996`**
**`30,996`**
**`-`**
**`30,996`**
**`30,996`**
**`30,996`**|**`2022`**
**`Total`**
**`funds`**
**`£`**
**`85,721`**
**`7,456`**
**`114,039`**
**`121,495`**
**`(6,823)`**
**`114,672`**
**`200,393`**
**`200,393`**
**`147,225`**
**`22,172`**
**`169,397`**
**`29,996`**
**`1,000`**
**`30,996`**
**`200,393`**|`2021`
`Total`
`funds`
`£`
`95,686`
`4,157`
`141,620`|
|---|---|---|---|
||||`145,777`
`(8,018)`|
||||`137,759`|
||||`233,445`|
||||`233,445`|
||||`150,293`
`52,156`|
||||`202,449`|
||||`29,996`
`1,000`|
||||`30,996`|
|||||
||||`233,445`|
```
The financialstatementswere approvedby the Boardof Trusteesand authorisedfor issue on 11 September2023 and
were signed on its behalf by:
```
```
Brig. James Stopford CBE - Trustee
```
```
The notes form part of these financial statements
```
```
Page 8
```
```
The Gallipoli Association
```
```
Notes to the Financial Statements
for the Year Ended 31 December 2022
```
## **`1. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
Thefinancialstatementsof thecharity,whichis a publicbenefitentityunderFRS 102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicablein the UK and Republicof Ireland(FRS 102) (effective1 January2019)', Financial
ReportingStandard102 'The FinancialReportingStandardapplicablein the UK and Republicof Ireland'and the
CharitiesAct 2011. The financialstatementshave been preparedunder the historicalcost convention,with the
exception of investments which are included at market value, as modified by the revaluation of certain assets.
```
## **`Income`**
```
All incomeis recognisedin the Statementof FinancialActivitiesoncethe charityhasentitlementto the funds,
it is probable that the income will be received and the amount can be measured reliably.
```
## **`Expenditure`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement
andtheamountof theobligationcanbe measuredreliably.Expenditureis accountedforonanaccruals basis
andhas been classifiedunderheadingsthataggregateall costrelatedto the category.Wherecostscannot be
directlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwith the
use of resources.
```
## **`Taxation`**
```
The charity is exempt from tax on its charitable activities.
```
## **`Investments`**
```
Investmentsare stated at market value at the year end. All gains and losses on Investmentsare reflectedin the
Statement of Financial Activities as they arise.
```
## **`Debtors`**
```
Tradeandotherdebtorsarerecognisedatthesettlementamount.Prepaymentsarevaluedatthe amount
prepaid.
```
## **`Cash and cash equivalents`**
```
Cashandcashequivalentsarerepresentedbycashinhand,depositsheldatcallwithfinancial institutions,
with insignificant risk of change in value.
```
## **`Creditors`**
```
Liabilitiesandprovisionsarerecognisedwhenthereis anobligationattheBalancesheetdateas a resultof a
pastevent.Liabilitiesarerecognisedattheamountthecharityanticipatesitwillpaytosettlethe debt.
Provisions are measured at the best estimate of the amounts required to settle the obligation.
```
## **`Fund accounting`**
```
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
```
```
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
```
```
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
```
```
continued...
```
```
Page 9
```
```
The Gallipoli Association
```
```
Notes to the Financial Statements - continued
for the Year Ended 31 December 2022
```
## **`1. ACCOUNTING POLICIES - continued`**
## **`Going concern`**
```
Thefinancialstatementshavebeenpreparedonthebasisofgoingconcern.Thereareno material
uncertainties regarding going concern.
```
|**`2.`**
**`DONATIONS AND LEGACIES`**
`Donations`
`Gift aid`
`Legacies`
**`3.`**
**`OTHER TRADING ACTIVITIES`**
`Subscriptions`
`Sales`
**`4.`**
**`INVESTMENT INCOME`**
`Deposit account interest`
**`5.`**
**`INCOME FROM CHARITABLE ACTIVITIES`**
`Activity`
`Field of remembrance`
`Educational activities`
`Activities income`
`Educational activities`
`Conference income`
`Educational activities`|**`2022`**
**`£`**
**`1,433`**
**`-`**
**`-`**
**`1,433`**
**`2022`**
**`£`**
**`16,848`**
**`2,306`**
**`19,154`**
**`2022`**
**`£`**
**`826`**
**`2022`**
**`£`**
**`413`**
**`3,137`**
**`7,346`**
**`10,896`**|`2021`
`£`
`4,884`
`2,001`
`1,109`
`7,994`
`2021`
`£`
`19,549`
`561`|
|---|---|---|
|||`20,110`|
|||`2021`
`£`
`240`
`2021`
`£`
`297`
`(39)`
`2,400`|
|||`2,658`|
```
continued...
```
```
Page 10
```
```
The Gallipoli Association
```
```
Notes to the Financial Statements - continued
for the Year Ended 31 December 2022
```
|**`6.`**
**`CHARITABLE ACTIVITIES COSTS`**
`Direct`
`Support`
`Costs (see`
`costs (see`
`note 7)`
`note 8)`
`Totals`
`£`
`£`
`£`
`Educational activities`
**`34,783`**
**`6,376`**
**`41,159`**
**`7.`**
**`DIRECT COSTS OF CHARITABLE ACTIVITIES`**
**`2022`**
`2021`
**`£`**
`£`
`Field of remembrance expenses`
**`-`**
`110`
`Activities expenditure`
**`11,832`**
`707`
`Conference expenditure`
**`9,551`**
`4,875`
`Tours`
**`13,200`**
`-`
`Sundries`
**`200`**
`142`
**`34,783`**
`5,834`
**`8.`**
**`SUPPORT COSTS`**
`Governance`
`Finance`
`costs`
`Totals`
`£`
`£`
`£`
`Educational activities`
**`1,367`**
**`5,009`**
**`6,376`**
`Support costs, included in the above, are as follows:`
**`Finance`**
**`2022`**
`2021`
`Educational`
`Total`
`activities`
`activities`
**`£`**
`£`
`Bank charges`
**`1,367`**
**`1,004`**
**`Governance costs`**
**`2022`**
`2021`
`Educational`
`Total`
`activities`
`activities`
**`£`**
`£`
`Trustees' expenses`
**`1,777`**
**`165`**
`Independent examination fees`
**`1,976`**
**`1,264`**
`Accountancy fee`
**`1,256`**
**`1,404`**
**`5,009`**
**`2,833`**|`Totals`
`£`
**`41,159`**|`Totals`
`£`
**`41,159`**|
|---|---|---|
||`2021`
`£`
`110`
`707`
`4,875`
`-`
`142`||
|||`5,834`|
|||`Totals`
`£`
**`6,376`**|
|||**`2,833`**|
```
continued...
```
```
Page 11
```
```
The Gallipoli Association
```
```
Notes to the Financial Statements - continued
for the Year Ended 31 December 2022
```
## **`9. OTHER`**
|**`OTHER`**|||
|---|---|---|
||**`2022`**|`2021`|
||**`£`**|`£`|
|`Insurance`|**`411`**|`503`|
## **`10. TRUSTEES' REMUNERATION AND BENEFITS`**
```
There were no trustees'remunerationor other benefitsfor the year ended 31 December 2022 nor for the year
ended 31 December 2021.
```
## **`Trustees' expenses`**
```
Trusteestravelandmeetingexpenseswerereimbursedto3trusteesintheyearended31December 2022
amounted to £1,777 (2021: £165).
```
## **`11. STAFF COSTS`**
```
There were no staff costs for the year ended 31 December 2022 nor for the year ended 31 December 2021.
```
```
No employees received emoluments in excess of £60,000.
```
## **`12. FIXED ASSET INVESTMENTS`**
|**`FIXED ASSET INVESTMENTS`**||
|---|---|
||`Listed`|
||`investments`|
||`£`|
|**`MARKET VALUE`**||
|`At 1 January 2022`|**`95,686`**|
|`Revaluations`|**`(9,965)`**|
|`At 31 December 2022`|**`85,721`**|
|**`NET BOOK VALUE`**||
|`At 31 December 2022`|**`85,721`**|
|`At 31 December 2021`|`95,686`|
```
There were no investment assets outside the UK.
```
```
Cost or valuation at 31 December 2022 is represented by:
```
|||**`Listed`**|
|---|---|---|
|||**`investments`**|
|||**`£`**|
|`Valuation in`|`2022`|**`(9,965)`**|
|`Cost`||**`95,686`**|
|||**`85,721`**|
```
continued...
```
```
Page 12
```
```
The Gallipoli Association
```
```
Notes to the Financial Statements - continued
for the Year Ended 31 December 2022
```
## **`13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
|`Prepayments`
`Accrued income`
**`14.`**
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Trade creditors`
`Accruals`
**`15.`**
**`MOVEMENT IN FUNDS`**
**`Unrestricted funds`**
`General fund`
`Designated - Education and`
`Commemoration Fund`
**`Restricted funds`**
`Eranda/Education`
`Survey Project`
**`TOTAL FUNDS`**
`Net movement in funds, included in the above are as follows:`
`Incoming`
`resources`
`£`
**`Unrestricted funds`**
`General fund`
**`32,310`**
`Designated - Education and`
`Commemoration Fund`
**`(1)`**
**`32,309`**
**`TOTAL FUNDS`**
**`32,309`**|`At 1.1.22`
`£`
**`150,293`**
**`52,156`**
**`202,449`**
**`29,996`**
**`1,000`**
**`30,996`**
**`233,445`**
`Resources`
`expended`
`£`
**`(25,413)`**
**`(29,983)`**
**`(55,396)`**
**`(55,396)`**|**`2022`**
`2021`
**`£`**
`£`
**`4,559`**
`363`
**`2,897`**
`3,794`
**`7,456`**
`4,157`
**`2022`**
`2021`
**`£`**
`£`
**`-`**
`315`
**`6,823`**
`7,703`
**`6,823`**
`8,018`
`Net`
`movement`
`At`
`in funds`
`31.12.22`
`£`
`£`
**`(3,068)`**
**`147,225`**
**`(29,984)`**
**`22,172`**
**`(33,052)`**
**`169,397`**
**`-`**
**`29,996`**
**`-`**
**`1,000`**
**`-`**
**`30,996`**
**`(33,052)`**
**`200,393`**
`Gains and`
`Movement`
`losses`
`in funds`
`£`
`£`
**`(9,965)`**
**`(3,068)`**
**`-`**
**`(29,984)`**
**`(9,965)`**
**`(33,052)`**
**`(9,965)`**
**`(33,052)`**|
|---|---|---|
```
continued...
```
```
Page 13
```
```
The Gallipoli Association
```
```
Notes to the Financial Statements - continued
for the Year Ended 31 December 2022
```
## **`15. MOVEMENT IN FUNDS - continued`**
## **`Comparatives for movement in funds`**
|**`Unrestricted funds`**
`General fund`
`Designated - Education and`
`Commemoration Fund`
**`Restricted funds`**
`Eranda/Education`
`Survey Project`
**`TOTAL FUNDS`**|`At 1.1.21`
`£`
`130,476`
`52,156`
`182,632`
`27,526`
`1,000`
`28,526`
`211,158`|`Net`
`movement`
`in funds`
`£`
`19,817`
`-`
`19,817`
`2,470`
`-`
`2,470`
`22,287`|`At`
`31.12.21`
`£`
`150,293`
`52,156`|
|---|---|---|---|
||||`202,449`
`29,996`
`1,000`|
||||`30,996`|
||||`233,445`|
```
Comparative net movement in funds, included in the above are as follows:
```
||`Incoming`|`Resources`|`Gains and`|`Movement`|
|---|---|---|---|---|
||`resources`|`expended`|`losses`|`in funds`|
||`£`|`£`|`£`|`£`|
|**`Unrestricted funds`**|||||
|`General fund`|`28,532`|`(24,401)`|`15,686`|`19,817`|
|**`Restricted funds`**|||||
|`Eranda/Education`|`2,470`|`-`|`-`|`2,470`|
|**`TOTAL FUNDS`**|`31,002`|`(24,401)`|`15,686`|`22,287`|
```
continued...
```
```
Page 14
```
```
The Gallipoli Association
```
```
Notes to the Financial Statements - continued
for the Year Ended 31 December 2022
```
## **`15. MOVEMENT IN FUNDS - continued`**
```
A current year 12 months and prior year 12 months combined position is as follows:
```
|**`Unrestricted funds`**
`General fund`
`Designated - Education and`
`Commemoration Fund`
**`Restricted funds`**
`Eranda/Education`
`Survey Project`
**`TOTAL FUNDS`**|`At 1.1.21`
`£`
`130,476`
`52,156`
`182,632`
`27,526`
`1,000`
`28,526`
`211,158`|`Net`
`movement`
`in funds`
`£`
`16,749`
`(29,984)`
`(13,235)`
`2,470`
`-`
`2,470`
`(10,765)`|`At`
`31.12.22`
`£`
`147,225`
`22,172`|
|---|---|---|---|
||||`169,397`
`29,996`
`1,000`|
||||`30,996`|
||||`200,393`|
```
A currentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedinthe above
are as follows:
```
||`Incoming`|`Resources`|`Gains and`|`Gains and`|`Movement`|
|---|---|---|---|---|---|
||`resources`|`expended`|`losses`||`in funds`|
||`£`|`£`|`£`||`£`|
|**`Unrestricted funds`**||||||
|`General fund`|`60,842`|`(49,814)`|`5,721`||`16,749`|
|`Designated - Education and`||||||
|`Commemoration Fund`|`(1)`|`(29,983)`||`-`|`(29,984)`|
||`60,841`|`(79,797)`|`5,721`||`(13,235)`|
|**`Restricted funds`**||||||
|`Eranda/Education`|`2,470`|`-`||`-`|`2,470`|
|**`TOTAL FUNDS`**|`63,311`|`(79,797)`|`5,721`||`(10,765)`|
```
continued...
```
```
Page 15
```
```
The Gallipoli Association
```
```
Notes to the Financial Statements - continued
for the Year Ended 31 December 2022
```
## **`16. RELATED PARTY DISCLOSURES`**
```
There were no related party transactions for the year ended 31 December 2022.
```
```
Page 16
```
```
The Gallipoli Association
```
## **`Detailed Statement of Financial Activities`**
## **`for the Year Ended 31 December 2022`**
||`2022`|`2021`|
|---|---|---|
||`£`|`£`|
|**`INCOME AND ENDOWMENTS`**|||
|**`Donations and legacies`**|||
|`Donations`|**`1,433`**|`4,884`|
|`Gift aid`|**`-`**|`2,001`|
|`Legacies`|**`-`**|`1,109`|
||**`1,433`**|`7,994`|
|**`Other trading activities`**|||
|`Subscriptions`|**`16,848`**|`19,549`|
|`Sales`|**`2,306`**|`561`|
||**`19,154`**|`20,110`|
|**`Investment income`**|||
|`Deposit account interest`|**`826`**|`240`|
|**`Charitable activities`**|||
|`Field of remembrance`|**`413`**|`297`|
|`Activities income`|**`3,137`**|`(39)`|
|`Conference income`|**`7,346`**|`2,400`|
||**`10,896`**|`2,658`|
|**`Total incoming resources`**|**`32,309`**|`31,002`|
|**`EXPENDITURE`**|||
|**`Raising donations and legacies`**|||
|`The Gallipolian`|**`8,178`**|`5,282`|
|`Postage The Gallipolian`|**`-`**|`5,229`|
|`Purchase of sales items`|**`1,639`**|`-`|
|`Stationery, printing, postage`|**`385`**|`1,336`|
|`IT equipment and support`|**`549`**|`-`|
|`Website development`|**`816`**|`1,221`|
|`Promotional activities`|**`2,259`**|`1,159`|
||**`13,826`**|`14,227`|
|**`Charitable activities`**|||
|`Field of remembrance expenses`|**`-`**|`110`|
|`Activities expenditure`|**`11,832`**|`707`|
|`Carried forward`|**`11,832`**|`817`|
```
This page does not form part of the statutory financial statements
```
```
Page 17
```
```
The Gallipoli Association
```
## **`Detailed Statement of Financial Activities`**
## **`for the Year Ended 31 December 2022`**
||`2022`|`2021`|
|---|---|---|
||`£`|`£`|
|**`Charitable activities`**|||
|`Brought forward`|**`11,832`**|`817`|
|`Conference expenditure`|**`9,551`**|`4,875`|
|`Tours`|**`13,200`**|`-`|
|`Sundries`|**`200`**|`142`|
||**`34,783`**|`5,834`|
|**`Other`**|||
|`Insurance`|**`411`**|`503`|
|**`Support costs`**|||
|**`Finance`**|||
|`Bank charges`|**`1,367`**|`1,004`|
|**`Governance costs`**|||
|`Trustees' expenses`|**`1,777`**|`165`|
|`Independent examination fees`|**`1,976`**|`1,264`|
|`Accountancy fee`|**`1,256`**|`1,404`|
||**`5,009`**|`2,833`|
|`Total resources expended`|**`55,396`**|`24,401`|
|**`Net (expenditure)/income`**|**`(23,087)`**|`6,601`|
```
This page does not form part of the statutory financial statements
```
```
Page 18
```