CHARITY REGISTRATION NUMBER: 1155609 The Gallipoli Association Unaudited Financial Statements 31 December 2024
The Gallipoli Association Flnanclal Statements Year ended 31 Decambèr 2024 Page Trustees, annual report Independent examinerfs report to the trustees Statement of financial activitres Statement of financial position 10 Note8 to the financial statements 11 Tho followlng pages do not form part ofthe flnanclal 8tstements Detailed ststement of financial activities 20 Notes to the detsiled ststement of financial activities 22
The Gallipoli Association Trustee8' Annual Report (confr"nu*g Year ended 31 Decembor 2024 Th8 trustees pres8nt their report and the unauditsd financial statements of the charity for the year ended 31 December 2024. Reference and admlnlstratlve details Regl$tered charlty name The Gallipoli Association Charfty reglstratlon number 1155609 Prlnclpal ¢)ffi Monomark House 27 Old Gloucester Street London WC1N 3AX The trustse$ 8rig8dier J R H Stopford CBE Mr S Chambers MrPLuff Mr l Binnie Mr T P Iredale Mrs M I Carter Ms H M HLfftenbach Mr Wsmith (Resigned 31 December 2024) (Appointed 1 November 2024) Ind•p•nd•nt examlner Diana Miller FCA First Floor, 36 High Street Wamiinster Wiltshire 8A12 9AF Structure, govemanc• and management The charlty is controlled by its goveming document, its constitution as a Charitsble Incorporatsd Organisation (CIO), with voting member8 Other than its trustees {the "Association"). Recruitment and appointment of ngw trustees. New trustees ar8 appointed by member3 of the existing membership at an Annual General Meeting; trustees Can appoint new trustees any time; a minimum of at least 20 members can nominate a person for a trustee vacancy. Objectlves and actlvltle8 To advance education for the public benefit by raising public awareness of the Galllpoli Campaign of 1915 and by encouraging and faalitating the study in the legacy and lessons of that Campaign, keeping alive the memory of the campaign and ensuring that all who fought or seNed in it, and those who gav& their lives, are not forgotten by applying such means as the Trustees deem fit. Publlc benefit The Trustees have complied with the duties in Section 17 of the Charities Act 2011 to have regard to guidance published by The Charity Commission, including public ben&fit guidance.
The Gallipoli Assoclation Trustse8' Annual Report (continuodj Yearended 31 December 2024 Achievemonts and performance Charitabl6 activities The Association was hugely honoured that His Royal Highness The Prince Edward, Duke of Edinburgh KG, KT, GCVO agreed to become the Patron on 24 April 2024 and attended the annual wreath laying Service at St Paul's on the 25 April. This year, we set ourselves an ambitious programme of initiatives aimed at expanding our impact and fulfilling our charitable obj'ectives. Key undertakings for 2024 included.. . Appointing a new Education Coordinator . Organising 8 school battlefield tour for Kingsbury Graen Academy in Calne, Wltshire Continuing the digital mapping of the Gallipoli peninsu18 Publishing our virtual battlefield tours Delivering both Regional and Annual Conferences, each attracting over 80 delegates . Exploring innovative ways to reach new audiences Identifying naw Sources of funding Strengthening partnerships wth organisatlons such as GASAEN Assessing the potential for establishing a Gallipoli Associatlon Chapter In Australla Sustaining or growing our memb6rship base I'm pleased to report that most of th8s8 goals have not only baèn athiaved bLrt delivered with marked success. Our flagship events the Annual Wreath Laying 8t St P8uI's Cathedral, our Annual Conference, and the school battlefield tour continue to resonato deeply wlth participants and remain central to our mission. Our educallon programme has r•xhad audièncas of all ages and does far more than share hlstorical facts. By exploring the Gallipoli campaign, we shed light on the timeless qualities demonstrated by those who served.. service, duty, loyalty, commitment. resilience, sacrifice, and humility. Thes• enduring values spark meaningful dialogue, encouraging participants to reflect on their relevance In today's world. The feedback we receive consistently affirms this". people are eager to learn when history is brought to life and made relevant to contemporary life. Through this approach, we continue to fuffil our objectives of Remembering, Honouring, and Studying those tho served on the pgnlnsula 109 years ago. The Scale and impact of our yrk are entirely Ihanks to the dedicatlon of our Trustees and volunteers. Thelr commltment given freely and without financial reward continues to impress both our members and this wdter. Conferences and webinars have reached wide and diverse audiences, including members in Australla. Our exhlbltions and museum collaborations have drawn in new interest, and the Helles Battlefield Study Project is not only breaking new academic ground but uncovering new findings on the peninsula itself. We also respond to numerous public erNuiries about the campaign. These are handled by our historian, Stephen Chambers, who goes to great lengths to deliver meticulously researched, comprehensive answers. His dedication exemplifies the high standard of scholarship that the Association upholds. l am incredibly proud of all we've achieved this year. The commitment of our volunteers and Trusteos has elevated tha Gallipoli Association to new heights. Finally, a significant change lies ahead. Our Education Coordinator, lan Binnie, retired at the end of the year. lan has been a transformative figure over his six years in the role, dramatically raising the Association's educational profile. He will be a hard act to follow, but we're fortunat8 to welcome John Wlson as his successor. John has already brought a fresh energy and perspective to the role, and we are b8ginning to see the exciting resutts of his new approach.
The Gallipoli Association Tru8tees' Annual Report (¢onllntthY) Year ended 31 December 2024 Some of our 2024 achievements.. To Remember. The WreattFLaying Service at the Gallipoli Association Memorial in the Crypt of St Paul's Cathedral remains our most promlnent annual act of remembr8nc8 a sol8mn and deeply meaningful occasion that continues to draw strong support. This year, we were honour8d by the presence of our Patron, HRH The Duke of Edinburgh, the Sheriff of London, Alderman Bronek Masojada, the Minister for Defence People and Families, Dr Andrew Murrison MP, rèpresenting the Ministry of Defence. The service was also attended by the High Commissioners of Australia and New Zaaland, as well 83 the Ambassadors of Turkey and Ireland. The First Sea Lord was represented by Rear Admiral Richard Murrison RN brother of the Minister and Major General Claments CBE represented the Chief of the General stsff.we were espacially pleased to welcome a large contingent of Cadets from Merchant Taylors, School, whose presence brought both dignity and youthful spirit to the event. As the principal UK-b888d commemoration of the Gallipoli Campaign, this service plays 8 Vltal role in ensuring the enduring remembrance of those who served. The Gallipoli Association is proud to keep this important legacy alive. Beyond St Paul's, regional and local remembrance services took place across the county, with Trustees and members attending many of them. Th8 annu81 commemorative service for the 29th Division took place in Gfeenwlch with approxlmately 50 attendees. These events are an integral part of our charitable purpose and are consistently well Supported by our communty. We do, however, regret that dlplomatlc hurdles contlnue to delay tho restoration of the Zlonist Mule Corps Memorial in Alexandri8, Egypt. Despite this, we stand ready to fund the project as soon as l•aran¢6 1$ given by the Egypti8n Gov•mment through the UK Defence Attaché in Cairo. The Fleld of Remembrance at Weslmln3ter Abbey remains on• of tha most moving tributes of the year. Our dedicated plot was once again filled with crosses placed by members, each on• a personal act of remembrance honouring the service and sacrifice of their ancestors. We are ever grateful for Clive Summerson who organises this for the As$ociats"on and lays out the plot every year. Just days later, the Association proudly participatsd in the National Remembrance Day parade at the Cenotaph. Our contingent included members from the UK, Australia and other countries, refle¢ting the campaign's broad intemational legacy and the global re8ch of our membership. Thes8 commemoratlve events remain central to our mission. They are not only well-8ttended but deeply valued serving as powerful reminders of the enduring relevance of the Gallipoli Campaign and the lives it touched. To Study This year, our determination to reach audiences across all age groups has borne considerable fruit. Our monthly Zoom talks have continued to be a popular fixture, regularly attracting an average audience of over 60, and occasionally peaking at 70 partlcipants. These sessions are recorded and uploaded to our YouTube channel, where they have now been vlewed over 400 times. Our annual Regional Conference, held in Warwick, brought together 86 keen supporters and enthusiasts, continuing our tradition of r8gional engagement. Our Educatlon Coordinator delivered sessions in three UK schools-one primary and two secondary - through a mix of classroom lessons, group aclivities, 8nd assemblie5. Student numbers varied from 12 to 150. Notably, UpFer arfedale School, one of these schools, has been selected to nominate group for our 2025 Bursary Tour. In addition, a highly Successful online lesson was delivered to a
The Gallipoli Association Trustses. Annual Report {¢onfr'nu Yearended 31 December 2024 primary school in Australia, Involving 30 students. The teacher was so Impressed that they have requested a repeat session. In addition, Mik8 Crane and Trustee Tom Iredal8 held a 90-minute lesson on the Gallipoli Campaign to a Year 9 audience of 60 boys and girls of St. Mary's College, Liverpool in February 2024. Wth videos and presentations, the students received an overview of the campaign, conditions endured by the soldiers, stories of young soldiers, 8 re-enaclment of a battlefield commemoration with student participation, a Q and A session wlth prizes for the bast questions and the chance to view and handle artifacts from the Campaign. This is providing much n8ed8d colour and depth to a tight curriculum which is hugely appreciated by teachers and enjoyed by pupi18, whilst meeting the objectives of the Association and all in great measure. We also undertook a range of community initiativas. In Birmingham and Manchester, around 30 adults took part in local projects, with excellent verbal feedback. An innovative online collaboration with the Friends of ANZAC Cottag6 (Australia) and the Birmingham Branch of the Westem Front Association reached approximately SO adults. Our annual 'Trench Daf was again held at the Staffordshire Regiment Museum, and futher live talks were delivered to the Friends of the Worcester Regiment Museum, the Great War Group, and v8ri0U8 local history societies. One of the yeafs most Impactlul Inltiatlves was a school battlefield study tour to the Galllpoll Peninsula in 2024. This trip involv8d 12 stud8nts from Kingsbury Green Academy in C8lne, n88r Swindon. Th8se exceptional experiences lie at the very heart of our mlssion-knbsparking a love for leamlng and providing opportunities beyond the classroom. We were delighted to rec•iv¢ Significant feedback, including the following from tha school.. 'As a school, wa were •xtremely grateful for this ganerous opportunty-an 8xperienc6 well beyond anything we could otherwise hope to offer our students." A parent vnote.. "He has had the most amazing experience in Turkey. He is full of stories, fascinating historical insights, and a new confidence that can only come from travel, dlscovery, and meeting p8ople from different walks of life. As a family, we are beyond grateful. Thank you to KGA and the Gallipoli Association for making this possible. This trip has created lifelong memories and helped hlm understand the true impact of conflict." A Year 9 student shared.. "I'm really grateful to have been offered this incredlble opportunity. The trip has made me more confident to ask question5 in class, and I now have a much deeper understanding of our history and the wodd around us." This trip perfedly encapsulates the Core value$ of Ihe Association. It does not glorify C¢Jnflict but rather encourages reflection on the human qualities that endure-curiosity, empathy, resilience-and fosters love of learning grounded in our shared heritage. Our tirst virtual battlefield guide, fittingly launched on 25 Aprll 2024, has been viewed over 236,000 times-an extraordinary endorsement of our efforts to preserve and share the story of Gallipoli in a lasting and accessible format. We are excited to announce that five further virtual tours are scheduled for release over the next kn years. All our educational and commemorative activities are communicated proactively and transparently through a wide range of chann8ls'. Facebook, X {formerly Twitter), Linkedln, our monthly newsletter, our website, and of course, our flagship journal, The Gallipolian.
The Gallipoli Associatlon Trustees. Annual Report (continu•d) Year ended 31 December 2024 To Honour. Everything we do is tt) honour those who served, and we are pleased to report that significant progress has been made in achieving our charitable objectives through the successful delivery of a range of key projects over the past year. A flagship initiative, the Helles Battlefield Study Project, continues as a multi-yoar endeavour. This important work seeks to digitally map and document the Gallipoli campaign and the peninsula itself, preserving its topography and historical features for future generations before natural and human erosion diminishes them. The 2024 field visit Sed to the discovery of previously unrecorded locations and valuable historical insights. This project will undoubtedly seNe as a lasting tribute to the legacy of those who served in 1915-16, ensuring their stories ondure through time. The Autumn Lunch was another successful event in our calendar, attracting 55 members and guests, induding several from overseas. We were honoured to welcom8 Major General Professor Tim Hodgetts CB CBE KHS OStJ DL, who delivered 8 compelling after-lunch address on "Medical Lessons from the War in Ukfaine.. Thare are few more axperienced and knowledgeable on this subjecL The following day, over 80 delegates participated In the Annual Conference, which featured six high-quality presentstions and engaging discussions. Of note was the presentation by Sophie Haworth who, as 8 CCF cadet, attended tha 2022 Gallipoll sponsored tour to the peninsu18. She is now a War Studies stud8nt at King's College London. Her talk centred on the value of historical study and how the Association's trlp had changed her life - it wa8 hugèly compelllng. Our Intematlonal relationships also contlnue to evolve positively. Our partnership with the Turkish G811ipoli Campaign Institute {Ganakkale Savaslari Enstitusti GASAENI, based in Ganakkale, 18 steadily developing, with joint projects gaining momentum year on year. In 2024, our Overseas Llaison Officer took initial steps towards arranging a formal InnIng be88n Portsmouth and Ganakkale, a symbolic and practical step In 8trength•ning UK-Turkey cultural and h18torical ties. Our engagement wilh the Turkish Embassy in London and the Amba$$ador ol the R6publlc of Turkey remains an important and valued relationship. We are al80 pleased to report that the Liaison Officer, Tom Iredale, w83 invited by Her Excallency Jlll Morris CMG, His Majesty's Ambassador to Turf(ey, to attend a reception aimed at bringing together organisations and individuals committed to preserving arKI promoting shared heritage. Events such as this are instrumental In deepening cooperation and expanding our impact. In concluslon, our partnerships and projects continue to fiourish, directly contributlng to the successful delivery of our charitable objectives and expanding the reath and relevance of our work on both national and intemational scale. Membership Report. Membership has remained steady at just under 900, with the majority based in the UK. Encouragingly, we have continued to see a gradual increase In members from Australia - a trend that continues into 2025. Over 2024, we welcomed 68 new members (up from 54 in 2023), effectively offsetting natural attrition. Many of our new joiners are motivated by personal or family Connections to the Gallipoli campaign. and this remains the primary reason for joining. A growing number are also opting for our digital membership option, reflecting broader trends in online engagement. We also attract students, who typically join for the duration of their academic studies and then move on. Retaining members who discover a family link to the campaign remains a key focus - and challenge- for us. It is through our communlcations that we continue to demonstrate our relevanc8 and sustain our reach. Our ability to share the impact of our work is vital to member retention and public awar8ness.
The Gallipoli Association Trustees. Annual Report f¢¢n¢lnu8d) Year ended 31 December 2024 l am especially gratefvl to our dedicated Communications Group. Their ongoing efforts ensure that the meaningful work of the Association does not go unnoticed. Flnanclal review We were sad to hear of the early and untimely death of our Hon Treasurer, Mike Cairns, in July 2024. This resulted in some fast work to ensure the 2023 accounts were filed on time they were. The Chaiman took over as Temporary Hon Treasurer and restructured the accounts, taking advice from accountsnts, to better reflect best practic8. This has largely work8d w811, and the Trustees have now adopted a new regima of monthly management accounts and reconciliation. As a result of this new regime 15 erroneous Direct Debit payments were identified stsrting October 2023. Payments were paid monthly to Simply Business which were not recognised. After a considerable amount of work Natwest accepted that this Direct Debit had never been set up by the As80ciation and Simply Business agreed to refund the full amount deducted baeen 25 October 2023 and 13 November 2024. £158.17 was refunded although no explanatlon has been provided by either party as to how this Direct Debit could have been set up. This fraudulent activity Was reported to the Charity Commission on 29 December 2024 (incident reference number is.. 784899). The Charity Commission replied on the 14 January 2025 rKJting they were assured that the trustees had dealt with the matter appropriately and responsibly. sin then, the TNStees have declded to move their bank account to HSBC which will be done in 2025. Desplte thls incident we have been able to conduct a full programme, but thls has Increased our expandilure, arKI the Trustees ar8 V8ry 81iv8 to how this has aff6Cted our balance sheet. The Assoclation's maln Income source ¢ontlnu8d to be membership fees, (£22,712 In 2024). Suppl•menting this the Association ha$ been fortunate in receiving a further £15,823 during 2024 from gifts, legacies and donations, Following the establishment of new Investment accounts In 2021 the accounts now sit at £82,982 In the Buckinghamshire Building Soclety (down from £90,555 on 31 st December 2023 due to a transfer of £30,000 to the Charlty's Natwest account in year) and £104,776 in Investment Funds with CCLA.. these being the Charities Investrnent Fund and Charities Global Fund, up from £98,291 in 2023. The Trustees are mindful that these investments can also decreas• in value and the market valuations are kept under Strfct scrutiny, At the end of 2024 the Association cash reserves contained a vory healthy balance of £99,027 with an additional £104,778 in investment funds. Total reserves avallable to the charlty at 31st December 2024 stood at £202,342. (up by £5,344 from to the 31 st December 2023 figure of £196,998). But this does mean the TNstees need to consider how funding can be improved in 2025 and beyond. This is a priority for our consideration. Our reserves are currenlly strong but diminishing in line with Trustees, exptatiOns. We receive funding from memb8rship subscriptions vthich cover, in most part, the undertying costs of the Association. We receive a little extra support from small donors and the occasional large grantlgift which helps US to conduct our educational activities, but expenditure often does exceed income,. the Trustees know this and monitor it closely. Our Restricted funds (£31,013) are restricted to our educational activities. Risk statsment The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The major risks, both operats'onal and financial, to which the charity is subject are assessed each year and
The Gallipoli Assoclation Tru8tO8s' Annual Report (¢¢>ntInu) Year ended 31 December 2024 appropriate safeguards are dlscussed and put in plac8 to mitigata thè charitys exposure to these risks should they crystalise. The risk management policy is closely linked to the reseNe policy. Plans forfuture periods There is plenty to do in 2025 including: . The recruitment of a Youth Ambassador. Review and improve our banking arrangements. Delivery of a school battlefield tour for Upper arf@d818 School. Th8 ¢ontinuatlon of the digitsl 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 audi8nces. Identification of new funding streams. Further development of our partnerships with relevant organisation$ including GASAEN. Help grow the new Chapters of the Gallipoll Association in Australia. Maintainino or increasing our membership. The truste88' annual report was approved on ... trustees by.. and signed on behalf of the board of gadler J R H Stopford CBE rustee
The Gallipoli Association Independent Examinerfs Report to the Trustses of Tho Galllpoli Associatlon Year ended 31 D8cembar 2024 I report to the trustees on my examination of th8 finandal statements of The Gallipoli Association {'the charity? for the year ended 31 December 2024. Re3ponslbilities and basis of report As the trustees of thè charity, you are responsible for the preparation of the flnancial statements in accordance with the requirements of the Charities Act 2011 ('the Acr). I report in respect of my examination of thé charitys financial statements carried out under section 145 of the 2011 Act and in carying out my examination I have followed all the applicable Diractions given by the Charity Commission under section 145{5){b) of the Act. Indepandent examlnorfs statement I have completed my examination. I confim that no material matters have come to my attentlon in connection with the 8xamination giving me causa to believe that in any material respect: accounting records yre not kept in respect of the charity as requirèd by section 130 of th• Act; or th• financial statements do not accord wlth those records; or the financial $tatemont8 do not comply with the applicable r8quiremants conceming the fomi and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, vlew whlch is not matter considered as part of an indgp6ndent examination. I have no concerns and have come across no other matters in connection with the ex8mlnation to whlch attention should be drawn in thls report in order to enabl• a proper understanding of the accounts to be reached. Dlana Miller FCA Independent Examiner First Floor, 36 Hlgh Street Warminster witshire BA12 9AF zq-oS- zozS-
The Gallipoli Association Statement of Flnanclal Actlvlties Yearended 31 December 2024 2024 Restricted funds Total funds Total funds 2023 Unrestricted funds Income and endowments Donations and legacies Charitable activities Other trading activities Investrnent income 3,488 11,070 23,665 2,427 40,650 12,335 15,823 11,070 23,665 2,427 4.377 7,870 24,479 2,488 Totsl Income 12,335 52,985 39,014 Expendlturn ExpendFture on raising funds.. Costs of raising donations and legacies Expenditure on charitable activities Other expenditure Total expenditure 2,407 35,131 374 2,407 51,344 374 4,192 50,433 354 9,10 11 16,213 37,912 16,213 54,125 54,979 Net gains on investments 12 8,484 8,484 12,570 Net Incomel(expendlture) and net movement In funds 9,222 (3,878) {3,395) ReconGlllatlon of fund$ Total funds brought fopward Total funds carrl•d forward 182,107 171,329 34,891 31,013 196,998 202,342 200,393 196,998 The Statement of finandal activltles includes all gains and losses recognlsed In the year. All inc¢)me and expenditure derive from continuing activities. Th• not•s on pago8 11 to 18 fomi part of Ihese financlgl statements.
The Gallipoli Association Statement of Flnanclal Posltion 31 December 2024 2024 2023 Flxed assets Investments 16 104,778 98,291 Current assets Cash at bank and in hand 99,027 102,231 Prepayments and accru•d Income 39 659 Credltorn: amounts falllng due wlthln one year Accruals and deferred income 1,500 3,200 Net curnnt assets 97,588 202,342 99,690 197,981 Total assets loss currnnt Ilabllltles Crndltorn: amounts falllng due after more than one year Net as8ets 17 202.342 196,998 Funds of the charlty Restrlcted funds Unrestrictsd fund8 31,013 171,329 202,342 34,891 162,107 Total charlty fundi 18 196,998 These financlal statements were approved by the board of trustaes and authorlsed for Issue on ..tsttand are signed on behalf of the board by.. gadier J R H Stopford C8E stee The notss on pages 11 to 18 lorni part of thaso finanelal statemenlg. 10
The Gallipoli Association Notes to the Financial Statsments (¢ontInu) Year ended 31 December 2024 General infomiatlon The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Monomark House, 27 Old Gloucester Street, London, WC1N 3AX, England. stat•m•nt of compllance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Stat&ment of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in tha UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charlties Act 2011. Accountlng pollcles Basis of prnparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain fin8nctal assets and liabilities and investment properties measured at fair valu6 through Income or expenditura. The flnancial stat8monts are prepared in sterfing, which is the functional currency of the entity, Golng concern Th• financlal statements have baan pr•pared on the basis of going concern. Thère are no material unrtaIntieS ragarding going concem, Judg•m•nts and key Iourctt of •stlmatlon uncertalnty Tha proparatlon ol the flnancial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectation8 of future events that are believed to be reasonable under the clrcumstances. Fund accountlng Unrestricted fvnds are available for use at the discretion of the trustee$ to further any of the charity's objectives. Designated funds are unrestricted funds eamarked by the tNstees for particular future projects or commitrnents. Restricted funds can only l)e used for particular restricted purposes within the objects of the charity. Restrictions arise vthen specified by the donor or when furKls are ralsed for a particular restrlded purpose.
The Gallipoli Association Notes to tho Flnanclal Ststements (contlnu Yearended 31 December 2024 Accountlng policles {contInu4) Incoming resources All Incoming resources are induded in the st8tement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits ass¢xiated with thè transaction will flow to the charity and the amount can be reliably measured. The following spacific policias are applied to particular tegOrieS of income: income from donations or grants is recognis8d when there Is evidence of entitlement to the gift, receipt is probable and its amount can be m8asured reli8bly. legacy income is recognised wh8n receipt is probable and 8ntstl8ment is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and service3 are recognised in the accounts when rec8ived if the value can be reliably maasured. No amounts are included for the contributs'on of general volunteers. income from ntracts for the Supply of serviGes 1$ racognisad with the delivery of the contracted service. This is classifiad as unrestricted funds unless there 18 a ¢ontr8Ctual requirement for it to be spent on a particular purpose and retumed if unsp8nt, in which case It may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liabllity is Incurred. Expenditura includes any VAT whlch ¢8nnot be fully recovered, and is dasstfied under headings of the statement of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities, event8, non-charttable tradlng activlties, and the sale of donated goods. •xpendtture on charitable activities includes 811 costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its ben8ficiarles, including those support costs and costs relating to the governance of the Charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expendlture categories reiiecting the use of the resource. Dlrect costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned beb4veen the activities they Contribute to on a reasonable, justifiable and consistent basis. Investments Listed investments are measured at fair value wtth changes in fair value being recognised in profit or loss. Debto Trade debtors and other debtors are recognised at the setuement amount. Prepayments are valued at the amount prepald. 12
The Gallipoli Association Notes to the Flnanclal Statements (¢onth)uodJ Year andod 31 December 2024 Accountlng policies (conllnu•dJ Cash and cash equivalents Cash and cash equivalents are represented by cash in hand and deposit8 held at call with financial institutions with insignificant rlsk of change in value. Creditors Liabilities and provisions 8r8 recognised when there is an obligation at the Balance Sheet data as a result of a past 8vent. Liabilities are recognised at the amount the charity anticipates it will pay to s8ttle the debt. Provisions are measur8d at the best estimate of the amounts required to settle the obligation. Flnanclal Instruments A financial as88t or a fin8nci81 liabllity Is recognlsed only vh)en the entity becomes a party to tho contractual provisions of the instrument. Basic financial instruments 8re initially recognised at thè amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised al the prasent value of the future payments discounted 8t a market rate of interest for 8 similar debt instrument. Current 8ssets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Where investments in share3 or preference shares are publicly traded or their fair value can othe1$8 be measured reliably, the investment 18 subsequently measured at fair value with changes in fair value recognisad in income and expenditure. Donatlons and l•gacle• Unrostrictad Funds Re8trfct¢d Total Fund8 Funds 2024 Donatlons Donatlon$ 3,488 12,335 15,823 Unrestricted Funds Restricted Total Funds Funds 2023 Donatlons Donations 482 3,895 4,377 13
The Gallipoli Association Notss to the Financlal Statements (conllnu Year ended 31 December 2024 Charltable activities Unrestricted Total Funds Unrestricted Totsl Funds Funds 2024 Funds 2023 Fiald of remembranc&educational activities Activities income - educational activities Conference income- educational activitles 465 282 282 5,375 5,375 5,723 5,723 5,230 11,070 5,230 11,070 1,665 7,670 1,865 7,670 Other tradlng actlvltl•s Unrestricted Total Funds Unrestricted Totsl Funds Funds 2024 Funds 2023 Subscriptions Sales 22,712 953 22,712 953 1,531 1,531 24,479 23,665 23,685 24,479 Investm•nt Income Unrestricted Total Fund8 Unrestrlcttd Total Funds Funds 2024 Funds 2023 Deposlt account interest 2,427 2,427 2,488 2,488 Co•t$ of ral•lng donatlon• and l•gacl•s Unrestricted Total Funds Unrostricted Totsl Funds Funds 2024 Funds 2023 Purchase of items for resale Stationery, printing and postage IT and Website costs 723 1,031 853 723 1,031 653 1,480 1,373 1,359 1,373 1,359 2,407 2,407 4,192 4,192 14
The Gallipoli Association Notes to the Financlal Statements feonthiugdj Yearended 31 December 2024 Expondlture on charitable activitles by fund type Unrestricted Funds Restricted Total Funds Funds 2024 Field of Remembrance educational activitles Other 8ducational expenditure Support costs 275 29,590 5,266 275 45,803 5,268 16,213 35,131 16,213 51,344 Unrestricted Funds Restricted Total Funds Fund$ 2023 Field of Remembrance education818ctivities Other educational expendlture Support costs 100 42,375 7,958 100 42,375 7,958 50,433 50,433 10. Expendltur• on charltabl• actlvltl6s by actlvtty typ• Activities undertak8n directly Support Total funds costs 2024 Total fund 2023 Fi•ld of Remembrance •ducational activities Other educati¢nal •xpenditure GovemarK¢ costs 275 45,803 275 45,803 5,288 51,344 100 42,375 7,958 50,433 5,268 5,286 4e,078 11. Oth•r expendlture Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Insurance 374 374 354 354 12. Net gains on Investmonts Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Gain$l{losses) on listed investments 6,484 8,484 12,570 12,570 13. Independent •xamination fees 2024 2023 Fees payable to the independent examiner for: Independent examination of th8 financial statements 592 2,337 15
The Gallipoli Association Nots8 to the Flnanclal Statements Iconthu Year ended 31 December 2024 14. Staff costs The average head count of employees durfng the year was Nil (2023: Nil). No employee recelved employee benefits of more than £60,000 during the year (2023.. Nil). 15. Trustso remuneratlon and expenses No rémuneration or other benefits from employment with the charity or a related entity yre received by the trustees in the year under review or the prior year. 16. Investments Llsted investment$ Cost or valuatlon At 1 January 2024 Additions Fair value movements 98,291 8,485 104,778 At 31 D•cembor 2024 Impalrm•nt At 1 January 2024 and 31 December 2024 Carrylng amount At 31 Deoemb•r 2024 104,778 At 31 December 2023 98,291 All inve8tment$ $h¢win above ara hald at Valuation. Listsd Investments The aggregate market value of listed Investments 1$ £104,776 (2023.. £98,291). Flnanclal assets hold at falr value Flxed 83s8ts investments are measured at fair value, based on valuation reports received 8t the year end in respect of the investments held. 17. Credltors: amounts falllng due after morn than one year 2024 2023 Trade creditors 983 16
The Gallipoli Association Notss to the Flnancial Ststements {¢onllnuodJ Yearended 31 Decomber 2024 18. Analysis of charitable funds Unrestrlcted funds At 1 January 20 24 At Gains and 31 Decembe losses r 2024 Income Expenditure Gener81 funds EdUtion and Commemoration Fund 139,935 40,650 {37,912} 6,484 149,157 22,172 22,172 171,329 182,107 40,650 (37,912) 6,484 At 1 January 20 23 At Gains and 31 December losses 2023 Income Exp8nditur• General funds Education and Commemoration Fund 147,225 35,119 (54,979) 12,570 139,935 22,172 22,172 169,397 35,119 (54,979) 12,570 182,107 Restrl¢tsd lunds At 1 January 2024 At31 Gains and December los$es 2024 Income Expenditure Educatlon Fund {fomerfy Eranda Fund) Helles Battlefield Tour Project 33,891 12,290 (15,188) 31,013 1,000 34,891 45 (1,045) (16,213) 12,335 31,013 At Galns and 31 December losses 2023 At 1 January 2023 Incoma Expenditurè Education Fund (formerly Eranda Fund) Helles Battlefield Tour Project 29,996 3,895 33,891 1,000 30,996 1.000 34,891 3,895 An element of the Helles Battlefield Tour Project costs has been met by the relevant restricted nds. The balance of £3,700.68 has been paid from unrestricted funds. 17
The Gallipoli Association Notes to the Flnanclal Statsments (conthiu Yearended 31 December 2024 19. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2024 Investments Currant assets Creditors18ss than 1 year Net assets 104.778 68,053 (1,500) 104,776 99,066 (1,500) 202,342 31,013 171,329 31,013 Unrestricted Funds Restricted Total Funds Funds 2023 Investsnents Current assets Creditors16ss than 1 yèar Net aSSet• 98,291 67,999 (4,183) 182,107 98,291 102,890 (4,183) 1*,998 34,891 34,891 18
The Gallipoli Association Management Inforn)atlon Yearended 31 Decomber 2024 Thè followlng pages do not forni part of the flnanclal statsments.
The Gallipoli Association Detsiled Ststsment of Financlal Actlvltles Year •nded 31 December 2024 2024 2023 Income and endowments Donatlons and legacies Donations 15,823 4,377 Charltable actlvities Field of remembran¢&edu¢ational activities Activities incom8 - educational activities Conf8rence incom& educational activities 282 5,723 1,865 7,670 5,375 5,230 11,070 Other trading actlvltlo8 Subscriptions Sales 22,712 953 22,948 1,531 24,479 23,865 Invostment income Deposit account interest 2,427 2,488 Total Incomo 52,985 39,014 20
The Gallipoli Association Detalled Ststsment of Financial Actlvltles Iconllnu•d) Year onded 31 Decembor 2024 2024 2023 Expenditure Costs of raising donatlons and legacles Purchas8 of sale items Ststionery, printing and postsge IT equipment and support Website development 723 1,031 403 250 1,460 1,373 1,153 2,407 4,192 Expendfturo on charitable activiti•s Legal and professional fees Other office costs Activities 8xp8nditura Conference expenses Tour expenses Sundry charitable aclivity expenses The Gallipolian Postage for the Gallipolian Memorlals, wrèaths and wreath laying Helles Battlefield Study Project Archive project expenses Overseas proj•cts 3,087 10 1,009 11,735 12,000 4,603 5,304 7,070 1,318 4,746 90 372 6,604 8,488 9,691 12,000 1,800 5,884 5,988 51,344 50,433 Othér exp•ndltur• Insurance 374 3S4 Total •xpendltur• 54,125 54,979 Net galns on Inve¥tmonts Gainsl{lossos) on listed investfflents 6,484 12,570 Net Incomel(expendlture) (3,395) 21
The Gallipoli Association Notes to the Detsiled Statement of Flnancial ActlvltJe8 Year ended 31 December 2024 2024 2023 Costs of rnising donations and legacies Purchase of Items for resale Purchases of stock 723 1,460 stationery, printlng and postage Stationery, printing and postage 1,031 1,373 IT and Webslte costs IT equipment and support Website development 403 250 206 1,153 1,359 853 Costs of ralslng donatlons and legaclej 2,407 4,192 22