REGISTERED CHARITY NUMBER: 1155609
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2023
for
The Gallipoli Association
Merchant & Co
Chartered Certified Accountants
2 Craven Road
Ealing
London
W5 2UA
The Gallipoli Association
Contents of the Financial Statements
for the Year Ended 31 December 2023
|
Page |
Reference and Administrative Details |
1 |
Report of the Trustees |
2 to 7 |
Independent Examiner's Report |
8 |
Statement of Financial Activities |
9 |
Balance Sheet |
10 |
Notes to the Financial Statements |
11 to 18 |
The Gallipoli Association
Reference and Administrative Details for the Year Ended 31 December 2023
TRUSTEES |
Brig. James Stopford CBE Chairman |
|
Mr Stephen Chambers |
|
Mr Peter Luff |
|
Mr Ian Binnie |
|
Mr Thomas Peter Iredale |
|
Mrs Margaret Irene Carter |
|
Mrs Hester Moira Huttenbach (appointed 6.10.23) |
PRINCIPAL ADDRESS |
Monomark House |
|
27 Old Gloucester Street |
|
London |
|
WC1N 3AX |
REGISTERED CHARITY NUMBER |
1155609 |
INDEPENDENT EXAMINER |
Merchant & Co |
|
Chartered Certified Accountants |
|
2 Craven Road |
|
Ealing |
|
London |
|
W5 2UA |
SOLICITORS |
Godwins Solicitors LLP |
|
12 St Thomas Street |
|
Winchester |
|
S023 9HF |
BANKERS |
NatWest Bank Plc |
|
Dorking Branch |
|
14 High Street |
|
Dorking, Surrey |
|
RH4 1AX |
Page 1
The Gallipoli Association
for the Year Ended 31 December 2023
Report of the Trustees
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31December 2023.
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
for the Year Ended 31 December 2023
Report of the Trustees
ACHIEVEMENT AND PERFORMANCE Charitable activities
We set ourselves a demanding number of projects to deliver in 2023 which included:
-
A school trip battlefield tour for North Dulwich Charter School
-
Continuing the digital mapping of the peninsula
-
Publishing the virtual battlefield tours
-
Delivering our webinars
-
Delivering a Regional and Annual Conference with over 70 delegates attending each
-
Identifying new funding streams
-
Extending our contacts with partner organisations
-
Maintaining or increasing our membership
-
Attracting new members as Trustees
-
Developing a partnership with the Turkish Institute, ÇASAEN
-
Rationalising our bank accounts and investments
-
Attracting new volunteers
Iamdelightedthatmostofthesehavebeenachievedandwithsomeconsiderablesuccess.Ourflagship events,
AnnualWreathLayingatStPaul's,theAnnualConferenceandschoolbattlefieldtour,havebeendelivered and
continuetoachievegreatimpactinmeetingourobjectives.OurEducationprogrammehasreachedbothyoung and
old anddoes so much more thanthe core deliveryof historicalfact.By studyingthisparticularcampaign,we are able
to expose new audiencesto the characteristicsrequiredof those serving in the armed forces in the early 20th Century.
Thesecharacteristicsareenduringandincludeservice,duty,loyalty,commitment,resilience,sacrificeand humility
amongstmanyothers.Byhighlightingsuchlessons,weencouragediscussionandthroughthemediumof military
studywe challengeaudiencesto considerthem in a moderncontext.Time andagainthisis whatthoseattending our
eventstellus,thereisarealappetitetolearnwhenyoucancontemporisethelessonsandindoingsowemeet our
objectives of Remembering, Honouring and Studying those who served on the peninsula 109 years ago.
TheabilitytohavesuchanimpactonsomanyrestsentirelywiththeworkoftheTrusteesandvolunteers, which
continuestoimpressthemembersandthiswriter.Trusteesreceivenopaymentorfinancialrewardfor their
considerableendeavours.AsvolunteerstheyworktirelesslyinpursuitoftheCharity'sobjectives.Conferences and
webinarshavebeenrunandreachwideaudiencesincludingmembersinAustralia.Exhibitionsandmuseum events
haveattractednewaudiences,andourHellesBattlefieldStudyProjectisliterallyandhistoricallybreaking new
ground.We also answer a great many queries from members and non-memberson the campaign.These are passed to
ourHistorian,StephenChambers,whotakesconsiderabletimeandefforttodiligentlyresearchthematter and
provideafullanddetailedresponse.IamproudofwhattheGallipoliAssociationhasachievedinthepastyear and
wouldliketorecordmy thankstotheTrusteesandvolunteersforraisingourgametonewheights- thepandemic is
truly well behind us, normal service has resumed but on a greater level.
ButinacknowledgingtheTrusteesIalsoreportthatourEducationCoordinatorhaselectedtoretireattheend of
2024.IanBinniehaselevatedtheeducationprofileoftheAssociationover6hugelysuccessfulyearsinpost.A hard
actto followandwe willaim to havea new EducationCoordinatorin postby the endof 2024.Of betternews is that
Hester Huttenbach, our Events Coordinator, was elected a Trustee at the 6 October 2023 Annual General Meeting.
Page 3
The Gallipoli Association
Report of the Trustees
for the Year Ended 31 December 2023
Some of our 2023 achievements:
To Remember
The Wreath-LayingServiceat the GallipoliAssociationMemorialin the Cryptof St Paul'sremainsourmajor memorial
eventoftheyearandisstronglysupported.TheMinsterofState,BaronessGoldieDLrepresentedtheMinistry of
Defence,andtheHighCommissionersofAustraliaandNewZealandattendedalongwiththeAmbassadorsof Turkey
andIreland,andrepresentativesoftheFirstSeaLordandChiefoftheGeneralStaff.Thisremainsthemajor British
annualcommemorationoftheCampaignandassuchtheAssociationiskeepingtheflameofremembrancealive for
the nation.
Inaddition,thereareotherregionalandlocalservicesheldaroundthecountryandI am delightedthatthe Trustees
and members attendedmany of them. In particular,we were delightedthat BreconCathedralheld a Commemoration
for the 29th Divisionon the morningof Sunday23 April.The diplomaticimpasse remainswith the authoritiesin Egypt
overtherevampingoftheZionistMuleCorpsMemorialinAlexandria,butwe arereadytofundtheworkassoon as
theCWGC(CommonwealthWarGravesCommission)givesusthethumbsup.TheFieldofRemembrance at
WestminsterAbbeyisalwaysamostpowerfuleventandtheGallipoliAssociationplotwasfullwithcrosseslaid by
membersrecognisingtheserviceandsacrificeoftheirforebears.ThreedayslatertheAssociationwas well
representedwitha contingentmarchingattheRemembranceDayCenotaphwhichincludedmembersfromthe USA,
Australia,Irelandas well as the UK. These events are popularwith our members and we considerit a key objectof the
Charity to arrange them.
To Study
Ourresolvetoreachaudiencesofallageshasreapedrewardsthisyear.ThemonthlyZoomtalkshavecontinued to
attractan audienceaveragingover 50 attendees,whichare recordedandplacedon ourYouTubechannel,ensuring a
lastingrecord.EngagementwithU3A(UniversityoftheThirdAge)hasachievedanactiveparticipationofsome 80
individuals.ThethirdRegionalConferencewaswellattendedattheChelmsfordCityMuseum,andwithsome 40
attendees it even made a small profit which was put back into the Education Budget.
ThePresident'sBookAwardstillattractedasignificantnumberofaccomplishedauthors.Thewinnerwas Henrietta
Megarrywithher booktitle'Lemnosin History,Greek IslandBase for Gallipoli'.Otherinitiativesincludedthe creation
ofavirtualtourofWorcester'sconnectionswiththemenwhofoughtatGallipoliandlocalwalkingtours exploring
communities'connectionswiththecampaign.TherewasaGallipoli-themedStaffordshireTrenchDaywhich was
attendedby80people.A CommunityEventwasheldatBranwoodEndCemeteryandtheAssociationhas continued
topursueadynamicrangeofeducationalactivitieswithprimaryandsecondaryschoolsduringtheyear. The
Associationhasalsoengagedtwoeducationalists,whoareworkingtoproduceon-lineteachingmaterialson the
campaign and which will be shared with schools.
The Association ran two battlefield tours to the Peninsula in 2023, as follows:
ThefirstwastheAssociation'sBattlefieldTourinMay,whichweorganisedtogetherwithBattleHonoursLtd.It was
fullybookedandcomprisedthestandard"WalkingGallipoli"tourfornewcomersandthe"HiddenGallipoli"tour for
more advanced participants, which included a first-ever day exploring the island of Imbros.
FortheSchoolBursarytourinJuly,wewerepleasedtopartnerwithTheCharterSchoolinNorthDulwich.The tour
wasdeliveredinconjunctionwithBattleHonoursandledbyGallipoliAssociationHistorian,Stephen Chambers.
Aboveallelse,theseBursarytrips,whichcosttheAssociationc.£12,000peryear,delivera disproportionateeffect in
providingopportunityandgeneratingenthusiasmforeducationamongstacohortofyoungsters,whoare not
privilegedand wouldnot otherwisebe able to experiencesuch things.The CharterSchoolHead of Historywrote after
daytwoofafive-daytour,"thisisthebestdayI'vehadin13yearsasateacher".Thistripprovidesan opportunity
whichgoesto theheartof whattheAssociationis allabout- it tellsa storythatdoesnotglorifywarfarebut inspires
an interest in the human characteristics mentioned above, which endure and are the foundation of our heritage.
Page 4
The Gallipoli Association
for the Year Ended 31 December 2023
Report of the Trustees
TheproductionofourvirtualbattlefieldguideshasbeendelayedbuttheTrusteesremainfullycommittedto the
projectwithBattleGuideMilitaryToursLimitedtoproduceatourthatwilluseadvancedgraphicsand technologies
and be easilyassessable,informativeand stimulating.We lookforwardto the first tourbeingreleasedon the 25 April
2024.
The educationaland commemorativework we plan and have completedis fullyannouncedin advanceand written up
oncompletionviaourrobustcommunicationplatformsonFacebook,X(formerlyTwitter),LinkedIn,our monthly
Newsletter, our website and last but not least, our flagship journal, The Gallipolian.
To Honour
Everythingwedoistohonourthosewhoservedandsoweachievethisobjectivebyvirtueofthe successful
conclusionofallourprojects.TheHellesBattlefieldStudyProjectremainsamulti-yearprojecttodigitallymap and
recordthecampaignandpeninsulaforfuturegenerationsbeforetimeerodesgeographicalandterrainfeatures. The
trip in 2023 unearthednew locationsand historicaltreasures.This is one projectwhich will truly stand the test of time
and be a lasting tribute to the legacy of all those who served in 1915/16.
TheAutumnLunchwaswellattendedby42members(includingonefromAustralia)andtheirguestswhoenjoyed a
fascinatingafter-lunchspeechfromSirRichardMoore,formerAmbassadortoTurkey.Thefollowingdayover 60
attendedtheAnnualConferencewithsixexcellentspeakersandapresentationfromthehistorystudents from
Charter House School who had travelled to Gallipoli on the trip.
ThenewrelationshipwithTurkishGallipoliCampaignInstitute(ÇanakkaleSava?lar?Enstitüsü-ÇASAEN),based in
Çanakkale,is stilldevelopingandeach year the small projectsof collaborationgainmomentum.The relationship with
the TurkishEmbassyand Ambassadorremainsvitalto the continuedsuccess of this partnershipand I am delighted to
report it is strong.
Membership Report for Annual Report
Membershipattheendof2023stoodat878.2023sawtherevisionofourmembershipfeesforthefirsttime in
several years.Inevitablyan increaseof 25% resultedin a few members resigningas budgetswere stretched. However,
this was partlyoffset by the offer of 'digital'membershipwhich held subscriptionsfor UK members and reduced them
foroverseasmembers.Somefortyorsomembershavetakenupthismembershipoptionwhichprovidesasaving in
printing and postal costs. We also welcomed 62 new members (51 in 2022) which made up for those who left.
Theprincipalreasonforjoiningstillseems tobe throughancestryalthoughwe havestudentswhojoinand generally
leave once theirstudiesare complete.Attractingthosewho 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
impactwehaveonthosewhoengagewithus.IremainhugelygratefultothesmallCommsGroup(Global Cloud
Communications) - without them our good work could easily be missed.
Page 5
The Gallipoli Association
for the Year Ended 31 December 2023
Report of the Trustees
FINANCIAL REVIEW
Financial Results and Reserve Policy
We have been able to conducta full programmebut this has increasedour expenditureand the Trustees are very alive
to how this has affected our balance sheet.
TheAssociation'smainincomesourcecontinuedtobemembershipfees,£22,948in2023(2022: £16,848).
SupplementingthistheAssociationhasbeenfortunateinreceivingafurther£4,377(2022:£1,433)during2023 for
gifts, legacies and donations.
Followingtheestablishmentofnewbankdepositaccountsin2021theaccountsnowsitat£90,555in the
BuckinghamshireBuildingSociety(upfrom£88,067in2022)and£98,291intwoInvestmentFundswithCCLA; these
beingtheCharitiesInvestmentFundandCharitiesGlobalFund,upfrom£85,721in2022.TheTrusteesare mindful
that these investments can also decrease in value and the market valuations are kept under strict scrutiny.
Attheendof2023theAssociation'scashreservescontainedaveryhealthybalanceof£102,231.The investment
fundshad a value of £98,291.Totalreserves availableto the charityat 31st December 2023 stoodat £196,998 (2022:
£200,393) down £3,395.
But this does mean the Trusteesneed to considerhow fundingcan be improvedin 2024 and beyond.This is a priority
for our consideration.
OurreservesarecurrentlystrongbutdiminishinginlinewithTrustees'expectations.Wereceivefunding from
membershipsubscriptionswhichcover,in most part,the underlyingcostsof the Association.We receivea little extra
supportfromsmalldonorsandtheoccasionallargegrant/giftwhichallowsus,inmostpart,toconduct our
educationalactivitiesbutexpendituredoesexceedincome;theTrusteesknowthisandmonitoritclosely. Our
Restrictedfundsof£34,891(2022:£30,996)arealleducationallyfocusedtoboththeannualschooltripand other
educational activities.
Risk statement
TheTrusteeshaveadutytoidentifyandreviewtheriskstowhichthecharityisexposedandtoensure appropriate
controlsareinplacetoprovidereasonableassuranceagainstfraudanderror.Themajorrisks,bothoperational and
financial,towhichthecharityissubjectareassessedeachyearandappropriatesafeguardsarediscussedandput in
placetomitigatethecharity'sexposuretotheserisksshouldtheycrystalise.Theriskmanagementpolicyis closely
linked to the reserve policy.
FUTURE PLANS
There is plenty to do in 2024 including:
-
The recruitment of a new Education Coordinator.
-
Delivery of a school battlefield tour for Kingsbury Green in Calne, Wiltshire
-
The continuation of the digital mapping of the peninsula
-
Publishing the virtual battlefield tours.
-
The delivery of a Regional and Annual Conference with over 70 delegates attending each.
-
Identifying new means for achieving our objectives - new audiences
-
Identification of new funding streams.
-
Further development of our partnerships with relevant organisations including ÇASAEN
-
Investigation of the request to set up a Chapter of the Gallipoli Association in Australia.
-
Maintaining or increasing our membership.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Thecharityiscontrolledbyitsgoverningdocument,itsconstitutionasaCharitableIncorporatedOrganisation (CIO),
with voting members other than its trustees, (the "Association").
Page 6
The Gallipoli Association
for the Year Ended 31 December 2023
Report of the Trustees
STRUCTURE, GOVERNANCE AND MANAGEMENT
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.
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trusteesare responsiblefor preparingthe Reportof the Trusteesand the financialstatementsin accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
ThelawapplicabletocharitiesinEnglandandWales,theCharitiesAct2011,Charity(Accountsand Reports)
Regulations2008andtheprovisionsofthetrustdeedrequiresthetrusteestopreparefinancialstatementsfor each
financialyearwhichgiveatrueandfairviewofthestateofaffairsofthecharityandoftheincomingresources and
applicationofresources,includingtheincomeandexpenditure,ofthecharityforthatperiod.Inpreparing those
financial statements, the trustees are required to
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charity SORP;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
Thetrusteesareresponsibleforkeepingproperaccountingrecordswhichdisclosewithreasonableaccuracyat any
time the financialpositionof the charityandto enablethem to ensurethatthe financialstatementscomplywith the
CharitiesAct 2011, the Charity(Accountsand Reports)Regulations2008 and the provisionsof the trust deed. They are
alsoresponsibleforsafeguardingtheassetsofthecharityandhencefortakingreasonablestepsforthe prevention
and detection of fraud and other irregularities.
Approved by order of the board of trustees on 13 October 2024 and signed on its behalf by:
Brig. James Stopford CBE - Trustee
Page 7
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 2023.
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.
Anindependentexaminationdoesnotinvolvegatheringalltheevidencethatwouldberequiredinanaudit and
consequentlydoesnotcoverallthemattersthatanauditorconsidersingivingtheiropiniononthe financial
statements.Theplanningandconductofanauditgoesbeyondthelimitedassurancethatan independent
examinationcanprovide.ConsequentlyIexpressnoopinionastowhetherthefinancialstatementspresenta 'true
and fair' view and my report is limited to those specific matters set out in the independent examiner's statement.
Use of our report
This reportis made solely to the charity'strustees,as a body,in accordancewith section 145 of the CharitiesAct 2011.
MyworkhasbeenundertakensothatImightstatetothecharity'strusteesthosemattersIamrequiredtostate to
theminthisreportandfornootherpurpose.Tothefullestextentpermittedbylaw,Idonotacceptor assume
responsibilityto anyoneother than the charityand the charity'strusteesas a body,for my work, for this report,or for
the opinions I have formed.
Ketan Ramesh Patel FCCA
Merchant & Co
Chartered Certified Accountants
2 Craven Road
Ealing
London
W5 2UA
17 October 2024
Page 8
The Gallipoli Association
Statement of Financial Activities
for the Year Ended 31 December 2023
Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
482
Charitable activities
5
Educational activities
7,670
Other trading activities
3
24,479
Investment income
4
2,488
Total
35,119
EXPENDITURE ON
Raising funds
16,042
Charitable activities
6
Educational activities
38,583
Other
9
354
Total
54,979
Net gains/(losses) on investments
12,570
NET INCOME/(EXPENDITURE)
(7,290)
RECONCILIATION OF FUNDS
Total funds brought forward
169,397
TOTAL FUNDS CARRIED FORWARD
162,107 |
Restricted
funds
£
3,895
-
-
-
3,895
-
-
-
-
-
3,895
30,996
34,891 |
2023
Total
funds
£
4,377
7,670
24,479
2,488
39,014
16,042
38,583
354
54,979
12,570
(3,395)
200,393
196,998 |
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 |
|
|
|
|
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
Page 9
The Gallipoli Association
Balance Sheet
31 December 2023
Unrestricted
funds
Notes
£
FIXED ASSETS
Investments
12
98,291
CURRENT ASSETS
Debtors
13
659
Cash at bank and in hand
67,340
67,999
CREDITORS
Amounts falling due within one year
14
(4,183)
NET CURRENT ASSETS
63,816
TOTAL ASSETS LESS CURRENT LIABILITIES
162,107
NET ASSETS
162,107
FUNDS
15
Unrestricted funds:
General fund
Designated - Education and Commemoration
Fund
Restricted funds:
Education
Survey Project
TOTAL FUNDS |
Restricted
funds
£
-
-
34,891
34,891
-
34,891
34,891
34,891 |
2023
Total
funds
£
98,291
659
102,231
102,890
(4,183)
98,707
196,998
196,998
139,935
22,172
162,107
33,891
1,000
34,891
196,998 |
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 |
|
|
|
|
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon13October2024 and
were signed on its behalf by:
Brig. James Stopford CBE - Trustee
The notes form part of these financial statements
Page 10
The Gallipoli Association
Notes to the Financial Statements
for the Year Ended 31 December 2023
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
LiabilitiesandprovisionsarerecognisedwhenthereisanobligationattheBalancesheetdateasa 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 11
The Gallipoli Association
Notes to the Financial Statements - continued
for the Year Ended 31 December 2023
1. ACCOUNTING POLICIES - continued
Going concern
Thefinancialstatementshavebeenpreparedonthebasisofgoingconcern.Thereareno material
uncertainties regarding going concern.
2.
DONATIONS AND LEGACIES
Donations
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 |
2023
£
4,377
2023
£
22,948
1,531
24,479
2023
£
2,488
2023
£
282
5,723
1,665
7,670 |
2022
£
1,433
2022
£
16,848
2,306 |
|
|
19,154 |
|
|
2022
£
826
2022
£
413
3,137
7,346 |
|
|
10,896 |
continued...
Page 12
The Gallipoli Association
Notes to the Financial Statements - continued
for the Year Ended 31 December 2023
6. |
CHARITABLE ACTIVITIES COSTS |
|
|
|
|
|
Direct |
Support |
|
|
|
Costs (see |
costs (see |
|
|
|
note 7) |
note 8) |
Totals |
|
|
£ |
£ |
£ |
|
Educational activities |
30,625 |
7,958 |
38,583 |
7. |
DIRECT COSTS OF CHARITABLE ACTIVITIES |
|
|
|
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Field of remembrance expenses |
|
100 |
- |
|
Activities expenditure |
|
8,388 |
11,832 |
|
Conference expenditure |
|
9,691 |
9,551 |
|
Tours |
|
12,000 |
13,200 |
|
Sundries |
|
446 |
200 |
|
|
|
30,625 |
34,783 |
8. |
SUPPORT COSTS |
|
|
|
|
|
|
Governance |
|
|
|
Finance |
costs |
Totals |
|
|
£ |
£ |
£ |
|
Educational activities |
1,354 |
6,604 |
7,958 |
|
Support costs, included in the above, are as follows: |
|
|
|
|
Finance |
|
|
|
|
|
|
2023 |
2022 |
|
|
|
Educational |
Total |
|
|
|
activities |
activities |
|
|
|
£ |
£ |
|
Bank charges |
|
1,354 |
1,367 |
|
Governance costs |
|
|
|
|
|
|
2023 |
2022 |
|
|
|
Educational |
Total |
|
|
|
activities |
activities |
|
|
|
£ |
£ |
|
Trustees' expenses |
|
3,011 |
1,777 |
|
Independent examination fees |
|
2,337 |
1,976 |
|
Accountancy fee |
|
1,256 |
1,256 |
|
|
|
6,604 |
5,009 |
continued...
Page 13
The Gallipoli Association
Notes to the Financial Statements - continued
for the Year Ended 31 December 2023
9. OTHER
OTHER |
|
|
|
2023 |
2022 |
|
£ |
£ |
Insurance |
354 |
411 |
10. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees'remunerationor other benefitsfor the year ended 31 December 2023 nor for the year
ended 31 December 2022.
Trustees' expenses
Trusteestravelandmeetingexpenseswerereimbursedto4trusteesintheyearended31December 2023
amounted to £3,011 (2022: £1,777 for 4 trustees).
11. STAFF COSTS
There were no staff costs for the year ended 31 December 2023 nor for the year ended 31 December 2022.
No employees received emoluments in excess of £60,000.
12. FIXED ASSET INVESTMENTS
FIXED ASSET INVESTMENTS |
|
|
Listed |
|
investments |
|
£ |
MARKET VALUE |
|
At 1 January 2023 |
85,721 |
Revaluations |
12,570 |
At 31 December 2023 |
98,291 |
NET BOOK VALUE |
|
At 31 December 2023 |
98,291 |
At 31 December 2022 |
85,721 |
There were no investment assets outside the UK.
Cost or valuation at 31 December 2023 is represented by:
|
|
Listed |
|
|
investments |
|
|
£ |
Valuation in |
2023 |
12,570 |
Cost |
|
85,721 |
|
|
98,291 |
continued...
Page 14
The Gallipoli Association
Notes to the Financial Statements - continued
for the Year Ended 31 December 2023
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
Education
Survey Project
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
35,119
Restricted funds
Education
3,895
TOTAL FUNDS
39,014 |
At 1.1.23
£
147,225
22,172
169,397
29,996
1,000
30,996
200,393
Resources
expended
£
(54,979)
-
(54,979) |
2023
2022
£
£
60
4,559
599
2,897
659
7,456
2023
2022
£
£
983
-
3,200
6,823
4,183
6,823
Net
movement
At
in funds
31.12.23
£
£
(7,290)
139,935
-
22,172
(7,290)
162,107
3,895
33,891
-
1,000
3,895
34,891
(3,395)
196,998
Gains and
Movement
losses
in funds
£
£
12,570
(7,290)
-
3,895
12,570
(3,395) |
|
|
|
continued...
Page 15
The Gallipoli Association
Notes to the Financial Statements - continued
for the Year Ended 31 December 2023
15. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Unrestricted funds
General fund
Designated - Education and
Commemoration Fund
Restricted funds
Education
Survey Project
TOTAL FUNDS |
At 1.1.22
£
150,293
52,156
202,449
29,996
1,000
30,996
233,445 |
Net
movement
in funds
£
(3,068)
(29,984)
(33,052)
-
-
-
(33,052) |
At
31.12.22
£
147,225
22,172 |
|
|
|
169,397
29,996
1,000 |
|
|
|
30,996 |
|
|
|
200,393 |
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 |
32,310 |
(25,413) |
(9,965) |
(3,068) |
Designated - Education and |
|
|
|
|
Commemoration Fund |
(1) |
(29,983) |
- |
(29,984) |
|
32,309 |
(55,396) |
(9,965) |
(33,052) |
TOTAL FUNDS |
32,309 |
(55,396) |
(9,965) |
(33,052) |
continued...
Page 16
The Gallipoli Association
Notes to the Financial Statements - continued
for the Year Ended 31 December 2023
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
Education
Survey Project
TOTAL FUNDS |
At 1.1.22
£
150,293
52,156
202,449
29,996
1,000
30,996
233,445 |
Net
movement
in funds
£
(10,358)
(29,984)
(40,342)
3,895
-
3,895
(36,447) |
At
31.12.23
£
139,935
22,172 |
|
|
|
162,107
33,891
1,000 |
|
|
|
34,891 |
|
|
|
196,998 |
A currentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedinthe above
are as follows:
|
Incoming |
Resources |
Gains and |
Gains and |
Movement |
|
resources |
expended |
losses |
|
in funds |
|
£ |
£ |
£ |
|
£ |
Unrestricted funds |
|
|
|
|
|
General fund |
67,429 |
(80,392) |
2,605 |
|
(10,358) |
Designated - Education and |
|
|
|
|
|
Commemoration Fund |
(1) |
(29,983) |
|
- |
(29,984) |
|
67,428 |
(110,375) |
2,605 |
|
(40,342) |
Restricted funds |
|
|
|
|
|
Education |
3,895 |
- |
|
- |
3,895 |
TOTAL FUNDS |
71,323 |
(110,375) |
2,605 |
|
(36,447) |
continued...
Page 17
The Gallipoli Association
Notes to the Financial Statements - continued
for the Year Ended 31 December 2023
16. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2023.
Page 18