REGISTERED COMPANY NUMBER: 09152620 (England and Wales) REGISTERED CHARITY NUMBER: 1159342
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2025
for Care After Combat
Wright Vigar Limited Chartered Accountants & Business Advisers Morton House 12 Appletongate Newark Nottinghamshire NG24 1JY
Care After Combat
Contents of the Financial Statements for the Year Ended 31 March 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 5 |
| Independent Examiner's Report | 6 | ||
| Statement of Financial Activities | 7 | ||
| Balance Sheet | 8 | to | 9 |
| Cash Flow Statement | 10 | ||
| Notes to the Cash Flow Statement | 11 | ||
| Notes to the Financial Statements | 12 | to | 21 |
| Detailed Statement of Financial Activities | 22 | to | 23 |
Care After Combat
Report of the Trustees for the Year Ended 31 March 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
Care after Combat was formed in July 2014. The charity was registered with The Charity Commission on 25 November 2014 and became operational in 2015.
Objectives
From headquarters based in Newark, Nottinghamshire, Care After Combat's charitable objectives are: To promote, for the benefit of former members of His Majesty's Armed Forces and their families, the provision of support and mentorship to those within the criminal justice system, preparing them for release in an attempt to support their rehabilitation and prevent re-offending.
Aims
At Care after Combat, we are dedicated to providing unwavering support to former British Armed Forces personnel in the justice system and their families
Our mission is to ensure that these veterans receive the care, guidance and respect they deserve. Many veterans face significant challenges when reintegrating into civilian life, especially if they become involved with the criminal justice system. The transition can be incredibly difficult and for some lead to mental health distress, lack of support and isolation
At Care after Combat, we address these issues head-on through personalised mentorship and comprehensive support services.
The achievement of these aims will provide support and guidance to former armed forces personnel in line with the objectives of the charity.
Key Performance Indicators (KPI's)
The main performance indicators for measuring success are:-
-
number of veterans in the justice system receiving active support-
-
number of engagements with veterans through well-being packs-
-
overall fall in re-offending levels
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Care After Combat
Report of the Trustees for the Year Ended 31 March 2025
OBJECTIVES AND ACTIVITIES
Significant activities
The objects include, but are not limited to, providing peer mentorship and group support within the justice system for the wellbeing of former British Armed Forces personnel and their families.
CEO Report
Achievements and Performance
Over this last year Care after Combat has maintained and built on the financial security achieved in the previous reporting period. Care after Combat's continued expansion of scale and reach continues to ensure the longevity of support provided by the charity, in the medium and long term.
01 April 2023 an England only service called Op NOVA, an 'end to end' pathway for veterans in the justice system, was commissioned by NHS England. Care after Combat submitted a collaborative bid with Forces Employment Charity (FEC) for the 5 years (+2) contract to deliver Op NOVA with FEC as lead contractor and Care after Combat as sub-contractor. This collaborative bid was successful, and Phase 1 (pre-prison and post-prison focus) was commenced on 01 April 2023. Care after Combats involvement in Phase 1 was limited. Op NOVA Phase 2 (focus on in-prison element) commenced 01 April 2024 to provide a 'through the gate' aspect to Phase 1. Care after Combat provide the in-prison element of the Op NOVA provision of support. The in-prison work is delivered in person as well as remotely via a wellbeing activity pack named Stand Easy. All veterans referred in prison are entitled to access in person support coupled with remote levels of support.
In June 2023 a specific veteran support service into HMP Fosse Way (new build prison) was commenced via a sub-contract to Serco as the private prison provider for Fosse Way. This was agreed as an initial 3-year contract. This specific service has continued to be delivered. Fosse Way consistently reports positive outcomes across all service delivery. Discussions are currently underway regarding a possible follow-on contract.
01 November 2024 a specific veteran support service into HMP Ashfield was commenced via a sub-contract to Serco as the private prison provider for HMP Ashfield. This has been agreed as a 10-year contract running until 31 October 2034.
Thrive Together is the second phase of the two-year Veterans Places, People and Pathways (V3P) Programme. Thrive Together commenced on 01 April 2024. Defence Medical Welfare Services (DMWS) are the portfolio leads for the Midlands and Northeast and Yorkshire. Care after Combat applied for and were successful in securing a fixed term contract to deliver training raising awareness of issues related to veterans in the justice system. The contract for the Midlands and Northeast and Yorkshire commenced 01 January 2025 and will run until 30 June 2026.
Project Phoenix, Care after Combat's voluntary mentor service continued to be delivered across England and Wales, funded by charitable means and with grant funding over the 12 -month period from Lloyds Patriotic Fund, Veterans' Foundation and Nottinghamshire County Council Local Communities Fund.
Care after Combat now offers veteran support services across all 123 prisons in England and Wales, and in the community.
This reporting period 01 April 2024 - 31 March 2025 has seen continued increase in numbers of veterans being directly and actively supported by Care after Combat.
Statistics for the close of this reporting period (31 March 2025) across all Care after Combat delivery in England and Wales: -
-
Veteran referrals in the justice system between 01 April 2024 and 31 March 2025 - 1482
-
Total number of Stand Easy Packs sent between 01 April 2024 and 31 March 2025 - 13297
-
Total number of written responses* from veterans receiving Stand Easy Pack between 01 April 2024 and 31 March 2025 - 416
*Each written response received into Care after Combat HQ is, in turn, responded to in writing, whether that is to pass a marked quiz sheet back, acknowledgement of a 'virtual forum' topic input by the veteran, or a general query that needs some level of response. Every 'Stand-Easy' pack contains a stamped addressed envelope to enable veterans to respond and interact free of charge.
Number of calls received via the Care after Combat Helpline between 01 April 2024 and 31 March 2025: - 148 Active engagement of Volunteer Mentors continues, recruited by, trained, managed, supervised and reported on by the Volunteer Co- Ordinator's. 2 people job share 1 whole time equivalent.
A full calendar of fundraising events was planned and for this reporting period together with external fundraisers and donors, a sufficient amount was generated and used to support Project Phoenix core operating costs.
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Care After Combat
Report of the Trustees for the Year Ended 31 March 2025
OBJECTIVES AND ACTIVITIES
Members of the public kindly donate to the proceeding from events that they have organised themselves, such as walks, small festivals and taking part in running races etc, through Enthuse and other online fundraising sites.
Public benefit
We have referred to the guidance contained in the Charity Commissioner's general guidance on public benefit when reviewing our aims and objectives and in planning future activities, In particular the trustees consider how planned activities will contribute to the aims and objectives they have set.
Volunteers
Care after Combat could not deliver its aims without the altruistic work of its Volunteer Mentors and Volunteer Ambassadors. There are currently 45 Volunteer Mentors and 8 Volunteer Ambassadors. Volunteers in both groups are reflective of the armed forces experience, other relative experience and lived experience of the justice system. All out-of-pocket expenses are reimbursed, where claimed, but all time is given freely by all volunteers.
Trustee Support
Care after Combat has a board of 9 Trustees that give their time freely for board duties. All out-of-pocket expenses can be claimed although however to date none have been claimed.
FINANCIAL REVIEW
Financial Review
The charities net assets at 31st March 2025 were £439,325 compared to £287,880 at 31st March 2024.
Our total income for 01 April 2024 - 31 March 2025 was £973,327 (2024: £967,449).
Details of grants received in the period are listed in note 2 of the accounts.
Total expenditure of £821,882 2024: £834,921)
In the period, the charity expended £24,005 on fixed assets (2024: £42,285).
Principal funding sources
Project Phoenix - funded via charitable means and various grant funds as detailed below.
Op NOVA - Fully NHSE funded
Thrive Together - AFCFT centrally funded programme.
HMP Fosse Way (specialist programme) Fully Serco funded
HMP Ashfield (specialist programme) Fully Serco funded
Grant funding awarded/continued during period 01 April 2024 - 31 March 2025
-
AFCFT 'Reaching and Supporting Armed Forces Communities' grant - £15.1k
-
Nottinghamshire County Council Local Communities Fund - salary contribution towards RC(Central) / VM Coordinator post - £9,606 per annum for four years commencing April 2022.
-
Veterans' Foundation - £21.3k salary contribution for Regional Coordinator Wales
-
Lloyds Patriotic Fund - Partnership Small Grant - £25k
Reserves policy
The charity has a policy of keeping enough reserves to sustain the organisation for long enough to ensure the safeguarding of our veteran beneficiaries, should all external funding cease, for a period of three months.
The trustees continually assess, via quarterly meetings, the reserves policy position and monitor the ongoing needs of the charity. These funds will only be spent by the authority of the Trustees and upon the wind up of the organisation.
This accounting period opened up with Reserves policy set at £135,000. It was revised upwards to £145,000 following review by the Trustees on 06 November 2024. This increase is reflective of the growth of the charity over the past years.
At the year end 31 March 2025 the charity had unrestricted reserves of £439,325 (2024: £287,880) which sat above the reserve policy figure of £145,000. £66,189 (£50,107) of unrestricted reserves are made up of tangible fixed assets and investments with the unrestricted free reserves being £373,136 (2024: £237,773). This level will continue to be reviewed by the Trustees alongside the delivery requirements of its activities to ensure an appropriate level of reserves is maintained.
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Care After Combat
Report of the Trustees for the Year Ended 31 March 2025
FUTURE PLANS
The Trustees are looking to continue the progress of the charity in terms of increasing the outreach of the charity for the delivery of its objectives through managed growth and access of additional income streams.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, its memorandum, and articles of association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. In the event of winding up the liability of the members is limited to a sum not exceeding £10 each.
Recruitment and appointment of new trustees
In accordance with the governing document and Charity Commission guidance the trustees are responsible for the appointing of new trustees to the Board. New trustees are appointed further to the recommendations from routine skills audits on the basis where they have the necessary skills to contribute to the charity's management and development. When new trustees are appointed, they are introduced to the work of the trustees and provided with the relevant information in accordance with Charity Commission guidelines that they need to fulfil their roles, with professional training to be provided if the individual requires it.
Organisational structure
The Trustees make all strategic decisions and support the CEO and staff to carry out these decisions. The Board appoints the CEO and a board member will attend interviews of senior management. All other staff appointments are made internally. The board also approves all major suppliers based on staff recommendations and price comparisons.
The day to day running of the organisation is delegated to the CEO and senior management. However, any invoice or payment exceeding £10,000 must be approved by a trustee and expense claims or invoices from any trustee or the CEO requires authority from two other Trustees before it can be paid.
Based on limited staff numbers there is no requirement for a formal structure for pay scales at Care After Combat. The organisation is relatively new and still growing so salaries are set in line with market forces and local averages. The charity had a trading subsidiary, Care After Combat Trading Limited which is now dormant.
Induction and training of new trustees
Trustees' responsibilities are explained to them before they accept appointment and they are given a copy of the Charity Commission's "The essential trustee: what you need to know, what you need to do", which they are encouraged to read. Each trustee then provides documentation to enable them to be independently checked under UK anti money laundering legislation.
Key management remuneration
Arrangements for setting pay and numeration of key management personal is managed by benchmarking salaries against similar roles in other organisations taking into account national minimum wage, salary decisions are made by senior management and agreed with the board of Trustees.
Risk management
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. A live risk register is maintained by the CEO and is a standing agenda item at every trustee meeting.
There are adequate financial controls in place, with the Senior Management Team meeting monthly to review the financial performance and update forecasts, including the cashflow forecast. The meetings are also attended by the Treasurer, who provides guidance and is assured on the robustness of the charity's finances.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
09152620 (England and Wales)
Registered Charity number
1159342
Registered office
Beacon Innovation Centre Cafferata Way Newark Nottinghamshire NG24 2TN
Page 4
Care After Combat
Report of the Trustees for the Year Ended 31 March 2025
Trustees
D Rogers: Chair C Dodden: Deputy Chair B Bhakri: Treasurer Prof D Fathers J Metcalfe A O'Donnell (appointed September 2024) J Poole (appointed September 2024) A Kaul (appointed May 2025) P Hubbard (appointed March 2025)
Resigned since last Trustee Report:
M Aldridge (resigned April 2024) B. Mair (resigned August 2024)
Patrons:
Sir A Pulford
The Management Committee (Board of Trustees) meet quarterly. There were no sub-committees for this reporting period.
The Senior Management Team for the period was made up of:
A Kirk: Chief Executive Officer CEO (resigned March 2025) A Barnett: Executive Officer (resigned September 2025) Dr J Jones: Chief Executive Officer (CEO) (appointed March 2025) Evonne Williamson: Operations Lead (appointed 02 April 2024) Phil Loader: Deputy Operations Lead Justin Ruskin: Business Manager (appointed September 2025) J. Cunningham: Finance Manager
Independent Examiner
Paul Colcomb FCCA Wright Vigar Limited Chartered Accountants & Business Advisers Morton House 12 Appletongate Newark Nottinghamshire NG24 1JY
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 23 December 2025 and signed on its behalf by:
Charlotte E Dodden
Charlotte E Dodden (Dec 23, 2025 09:24:13 GMT)
Charlotte Ellen Dodden - Trustee
Page 5
Independent Examiner's Report to the Trustees of Care After Combat
Independent examiner's report to the trustees of Care After Combat ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Paul Colcomb
Paul Colcomb (Dec 23, 2025 12:08:24 GMT)
Paul Colcomb FCCA
Wright Vigar Limited Chartered Accountants & Business Advisers Morton House 12 Appletongate Newark Nottinghamshire NG24 1JY
23 December 2025
Page 6
Care After Combat
Statement of Financial Activities
(Incorporating an Income and Expenditure Account) for the Year Ended 31 March 2025
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 142,082 Charitable activities 5 Veteran Support Services 694,101 Other trading activities 3 17,170 Investment income 4 7,146 Other income - Total 860,499 EXPENDITURE ON Raising funds 6 39,871 Charitable activities 7 Veteran Support Services 667,132 Project Phoenix 1,419 ReGroup Pathfinder - Bowman Remote Support Service - Other 632 Total 709,054 NET INCOME 151,445 RECONCILIATION OF FUNDS Total funds brought forward As previously reported 256,260 Prior year adjustment 13 31,620 As restated 287,880 TOTAL FUNDS CARRIED FORWARD 439,325 |
Year Ended 31.3.25 Restricted Total funds funds as £ £ 112,828 254,910 - 694,101 - 17,170 - 7,146 - - 112,828 973,327 1,386 41,257 46,290 713,422 8,220 9,639 41,830 41,830 15,102 15,102 - 632 112,828 821,882 - 151,445 - 256,260 - 31,620 - 287,880 - 439,325 |
Period 1.11.22 to 31.3.24 Total funds restated £ 616,988 348,274 1,291 126 770 |
|---|---|---|
| 967,449 | ||
| 8,847 296,077 115,641 56,568 349,788 8,000 |
||
| 834,921 | ||
| 132,528 155,352 - |
||
| 155,352 | ||
| 287,880 |
The notes form part of these financial statements
Page 7
Care After Combat
Balance Sheet
31 March 2025
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 14 66,188 Investments 15 1 66,189 CURRENT ASSETS Stocks 16 2,114 Debtors 17 72,750 Cash at bank and in hand 375,561 450,425 CREDITORS Amounts falling due within one year 18 (75,625) NET CURRENT ASSETS 374,800 TOTAL ASSETS LESS CURRENT LIABILITIES 440,989 CREDITORS Amounts falling due after more than one year 19 (1,664) NET ASSETS 439,325 FUNDS 22 Unrestricted funds TOTAL FUNDS |
Restricted funds £ - - - - - - - - - - - - |
2025 Total funds as £ 66,188 1 66,189 2,114 72,750 375,561 450,425 (75,625) 374,800 440,989 (1,664) 439,325 439,325 439,325 |
2024 Total funds restated £ 50,106 1 |
|---|---|---|---|
| 50,107 3,127 144,739 208,691 |
|||
| 356,557 (107,119) |
|||
| 249,438 | |||
| 299,545 (11,665) |
|||
| 287,880 | |||
| 287,880 | |||
| 287,880 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
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continued...
Care After Combat
Balance Sheet - continued
31 March 2025
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 23 December 2025 and were signed on its behalf by:
Charlotte E Dodden
Charlotte E Dodden (Dec 23, 2025 09:24:13 GMT)
Charlotte Ellen Dodden - Trustee
Bipon Bhakri (Dec 23, 2025 12:47:27 GMT+1)
Bipon Bhakri - Trustee
The notes form part of these financial statements
Page 9
Care After Combat
Cash Flow Statement for the Year Ended 31 March 2025
| Year Ended 31.3.25 a Notes £ Cash flows from operating activities Cash generated from operations 1 181,474 Interest paid (427) Net cash provided by operating activities 181,047 Cash flows from investing activities Purchase of tangible fixed assets (24,005) Interest received 7,146 Net cash used in investing activities (16,859) Cash flows from financing activities Loan repayments in year (10,002) Loan repayment from subsidiary 12,684 Net cash provided by/(used in) financing activities 2,682 Change in cash and cash equivalents in the reporting period 166,870 Cash and cash equivalents at the beginning of the reporting period 208,691 Cash and cash equivalents at the end of the reporting period 375,561 |
Period 1.11.22 to 31.3.24 s restated £ 131,430 (1,033) 130,397 (48,285) 126 (48,159) (14,168) - (14,168) 68,070 140,621 208,691 |
|---|---|
The notes form part of these financial statements
Page 10
Care After Combat
Notes to the Cash Flow Statement for the Year Ended 31 March 2025
1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| Year Ended 31.3.25 a £ Net income for the reporting period (as per the Statement of Financial Activities) 151,445 Adjustments for: Depreciation charges 6,219 Loss on disposal of fixed assets 1,704 Interest received (7,146) Interest paid 427 Write off of loan to subsidiary (1,068) Decrease/(increase) in stocks 1,013 Decrease/(increase) in debtors 60,374 (Decrease)/increase in creditors (31,494) Net cash provided by operations 181,474 |
Period 1.11.22 to 31.3.24 s restated £ 132,528 5,693 - (126) 1,033 8,000 (3,127) (100,992) 88,421 131,430 |
|---|---|
2.
| ANALYSIS OF CHANGES IN NET FUNDS | |||
|---|---|---|---|
| At 1.4.24 | Cash flow | At 31.3.25 | |
| £ | £ | £ | |
| Net cash | |||
| Cash at bank and in hand | 208,691 | 166,870 | 375,561 |
| 208,691 | 166,870 | 375,561 | |
| Debt | |||
| Debts falling due within 1 year | (10,000) | - | (10,000) |
| Debts falling due after 1 year | (11,665) | 10,001 | (1,664) |
| (21,665) | 10,001 | (11,664) | |
| Total | 187,026 | 176,871 | 363,897 |
The notes form part of these financial statements
Page 11
Care After Combat
Notes to the Financial Statements for the Year Ended 31 March 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.
The charity is a company limited by guarantee and registered in England with Companies House . The registered office and place of business can be found in the 'Reference and Administration' section of the trustees report.
The presentational currency is pound sterling.
Preparation of consolidated financial statements
The financial statements contain information about Care After Combat as an individual company and do not contain consolidated financial information as the parent of a group. The charity is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
Income
Donations and grant income (including government grants) is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Contract income (including government contracts) is recognised on the exchange of service or goods. Services provided will be recognised over the term of the service or in line with the achievement of key performance conditions. Where the contract is for the provision of goods, income will be recognised on the exchange of the goods provided.
Donated assets are recognised in the accounts at market value.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% - 33.3% straight line Motor vehicles - 25% on reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
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continued...
Care After Combat
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
1. ACCOUNTING POLICIES - continued
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Donated goods, services and facilities
Donated goods, services and facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably in accordance with the Charities SORP (FRS 102).
On receipt, donated goods, services and facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
Government grants are recognised using the accrual model and the performance model.
Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.
Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Investments
Investments in subsidiaries are valued at cost less provision for impairment.
2. DONATIONS AND LEGACIES
| Year Ended 31.3.25 a £ Donations 137,797 Gift aid 2,285 Grants 114,828 254,910 |
Period 1.11.22 to 31.3.24 s restated £ 107,435 7,652 501,901 616,988 |
|---|---|
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continued...
Care After Combat
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
2. DONATIONS AND LEGACIES - continued
Grants received, included in the above, are as follows:
| Year Ended 31.3.25 a £ National Health Service (NHS) - NHS- Operation Bowman - The Veterans Fund 21,290 Sporting Force - Regroup 41,830 Lloyds Patriotic Fund 25,000 Armed Forces Covenant Fund Trust 15,102 NCC Local Communities Fund 9,606 Paragon Products 2,000 Royal Air Force Benevolent Fund - Greenwich Hospital - Army Benevolent Fund- The Soldiers - Main Grants - Masonic Charitable Foundation - Other grants - 114,828 |
Period 1.11.22 to 31.3.24 s restated £ 244,023 23,210 20,000 32,500 - - 99,961 16,010 3,200 5,000 32,496 15,000 10,000 500 1 501,901 |
|---|---|
The total government grants received from all government departments was £41,830 (2024: £283,243)
3. OTHER TRADING ACTIVITIES
| Period | ||
|---|---|---|
| 1.11.22 | ||
| Year Ended | to | |
| 31.3.25 | 31.3.24 | |
| as restated | ||
| £ | £ | |
| Fundraising events | 17,110 | 1,291 |
| Shop income | 60 | - |
| 17,170 | 1,291 | |
| INVESTMENT INCOME | ||
| Period | ||
| 1.11.22 | ||
| Year Ended | to | |
| 31.3.25 | 31.3.24 | |
| as restated | ||
| £ | £ | |
| Deposit account interest | 7,146 | - |
| Interest receivable - trading | - | 126 |
| 7,146 | 126 |
4. INVESTMENT INCOME
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continued...
Care After Combat
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
5. INCOME FROM CHARITABLE ACTIVITIES
| Period | |||
|---|---|---|---|
| 1.11.22 | |||
| Year Ended | to | ||
| 31.3.25 | 31.3.24 | ||
| as restated | |||
| Activity | £ | £ | |
| Contract income | Veteran Support Services | 694,101 | 348,274 |
Included within contracts is an amount of £663,015 from OP NOVA (2024: £324,634) and £35,814 from Serco (2024: £23,640).
6. RAISING FUNDS
Raising donations and legacies
| Raising donations and legacies | ||
|---|---|---|
| Period | ||
| 1.11.22 | ||
| Year Ended | to | |
| 31.3.25 | 31.3.24 | |
| as restated | ||
| £ | £ | |
| Marketing | 18,854 | 1,881 |
| Costs of fundraising | 19,926 | 6,466 |
| 38,780 | 8,347 |
Other trading activities
| Other trading activities | ||
|---|---|---|
| Period | ||
| 1.11.22 | ||
| Year Ended | to | |
| 31.3.25 | 31.3.24 | |
| as restated | ||
| £ | £ | |
| Opening stock | 3,127 | - |
| Purchases | 1,464 | 3,127 |
| Closing stock | (2,114) | (3,127) |
| Bad debts | - | 500 |
| 2,477 | 500 | |
| Aggregate amounts | 41,257 | 8,847 |
7.
CHARITABLE ACTIVITIES COSTS
| CHARITABLE ACTIVITIES COSTS | |||
|---|---|---|---|
| Direct | Support | ||
| Costs (see | costs (see | ||
| note 8) | note 9) | Totals | |
| £ | £ | £ | |
| Veteran Support Services | 468,079 | 245,343 | 713,422 |
| Project Phoenix | 4,180 | 5,459 | 9,639 |
| ReGroup Pathfinder | 41,830 | - | 41,830 |
| Bowman Remote Support Service | 15,102 | - | 15,102 |
| 529,191 | 250,802 | 779,993 |
Page 15
continued...
Care After Combat
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
8. DIRECT COSTS OF CHARITABLE ACTIVITIES
| Year Ended 31.3.25 a £ Staff costs 510,831 Mentor costs 18,360 Project delivery costs - 529,191 |
Period 1.11.22 to 31.3.24 s restated £ 578,435 20,178 9,567 608,180 |
|---|---|
9. SUPPORT COSTS
| Management £ Veteran Support Services 220,936 Project Phoenix 4,481 225,417 |
Finance £ 573 - 573 |
Governance Other costs Totals £ £ £ 7,923 15,911 245,343 - 978 5,459 7,923 16,889 250,802 |
|---|---|---|
10. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| Period | ||
|---|---|---|
| 1.11.22 | ||
| Year Ended | to | |
| 31.3.25 | 31.3.24 | |
| as restated | ||
| £ | £ | |
| Depreciation - owned assets | 6,219 | 5,693 |
| Other operating leases | 27,516 | 31,400 |
| Deficit on disposal of fixed assets | 1,704 | - |
| Fees payable to the independent examiner for the examination of the | ||
| Charity's annual accounts | 2,500 | 1,100 |
11. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the period ended 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the period ended 31 March 2024.
12. STAFF COSTS
| Year Ended 31.3.25 a £ Wages and salaries 517,960 Social security costs 42,871 Other pension costs 12,427 573,258 |
Period 1.11.22 to 31.3.24 s restated £ 546,482 42,834 14,333 603,649 |
|---|---|
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continued...
Care After Combat
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
12. STAFF COSTS - continued
The average monthly number of employees during the year was as follows:
| Year Ended 31.3.25 as Senior Management 5 Support Staff 14 19 |
Period 1.11.22 to 31.3.24 restated 3 13 16 |
|---|---|
No employees received emoluments in excess of £60,000.
The total amount paid to Key Management Personnel in the period was £92,737 (2024:£157,641).
13. PRIOR YEAR ADJUSTMENT
A donated asset was omitted from the prior year accounts so an adjustment was made to recognise this in the correct period.This has resulted in the prior year funds increasing by £31,620.
14. TANGIBLE FIXED ASSETS
15.
| TANGIBLE FIXED ASSETS | |||
|---|---|---|---|
| Office | Motor | ||
| equipment | vehicles | Totals | |
| £ | £ | £ | |
| COST | |||
| At 1 April 2024 | 48,404 | 33,324 | 81,728 |
| Additions | - | 24,005 | 24,005 |
| Disposals | (700) | (1,704) | (2,404) |
| At 31 March 2025 | 47,704 | 55,625 | 103,329 |
| DEPRECIATION | |||
| At 1 April 2024 | 31,622 | - | 31,622 |
| Charge for year | 6,219 | - | 6,219 |
| Eliminated on disposal | (700) | - | (700) |
| At 31 March 2025 | 37,141 | - | 37,141 |
| NET BOOK VALUE | |||
| At 31 March 2025 | 10,563 | 55,625 | 66,188 |
| At 31 March 2024 | 16,782 | 33,324 | 50,106 |
| FIXED ASSET INVESTMENTS | |||
| Shares in | |||
| group | |||
| undertakings | |||
| £ | |||
| MARKET VALUE | |||
| At 1 April 2024 and 31 March 2025 | 1 | ||
| NET BOOK VALUE | |||
| At 31 March 2025 | 1 | ||
| At 31 March 2024 | 1 |
There were no investment assets outside the UK.
Page 17
continued...
Care After Combat
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
15. FIXED ASSET INVESTMENTS - continued
Subsidiary
Care After Combat Trading Limited
Registered Office: Beacon Innovation Centre, Cafferata Way, Newark, England, NG24 2TN Nature of business: Merchandising
| % | ||
|---|---|---|
| Class of share: holding |
||
| Ordinary 100 |
||
| 2025 | 2024 | |
| £ | £ | |
| Aggregate capital and reserves | - | 227 |
| Loss for the period/year | (227) | (26,964) |
The trading subsidiary ceased to trade on 31 March 2024 and any remaining assets were transferred to the charity.
16. STOCKS
| Stocks 17. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Amounts owed by group undertakings Other debtors Prepayments and accrued income 18. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank loans and overdrafts (see note 20) Trade creditors Social security and other taxes VAT Other creditors Accruals and deferred income |
2025 a £ 2,114 2025 a £ 72,329 - 421 - 72,750 2025 a £ 10,000 16,983 12,801 32,507 354 2,980 75,625 |
2024 s restated £ 3,127 2024 s restated £ 55,122 11,615 5 77,997 144,739 2024 s restated £ 10,000 18,473 10,346 63,409 551 4,340 107,119 |
|---|---|---|
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continued...
Care After Combat
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
19. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
| 2025 a £ Bank loans (see note 20) 1,664 20. LOANS An analysis of the maturity of loans is given below: 2025 a £ Amounts falling due within one year on demand: Bank loans 10,000 Amounts falling between one and two years: Bank loans - 1-2 years 1,664 Amounts falling due between two and five years: Bank loans - 2-5 years - The UK government has provided a partial guarantee over the bank loan. 21. LEASING AGREEMENTS Minimum lease payments under non-cancellable operating leases fall due as follows: 2025 a £ Within one year 6,309 Between one and five years 6,126 12,435 22. MOVEMENT IN FUNDS Prior Net year movement At 1.4.24 adjustment in funds £ £ £ Unrestricted funds Veteran Support Services 256,260 31,620 151,445 TOTAL FUNDS 256,260 31,620 151,445 |
2024 s restated £ 11,665 2024 s restated £ 10,000 10,000 1,665 2024 s restated £ 6,309 12,435 18,744 At 31.3.25 £ 439,325 439,325 |
|---|---|
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continued...
Care After Combat
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
22. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds Veteran Support Services Restricted funds ReGroup Pathfinder Veterans Fund Armed Forces Covenant Fund Lloyd's Patriotic Fund NCC Local Communities Fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds Veteran Support Services Bowman Remort Support Service Restricted funds ReGroup Pathfinder Lloyd's Patriotic Fund TOTAL FUNDS |
Incoming Resources Movement resources expended in funds £ £ £ 860,499 (709,054) 151,445 41,830 (41,830) - 21,290 (21,290) - 15,102 (15,102) - 25,000 (25,000) - 9,606 (9,606) - 112,828 (112,828) - 973,327 (821,882) 151,445 Net At movement At 1.11.22 in funds 31.3.24 £ £ £ 93,465 194,415 287,880 24,071 (24,071) - 117,536 170,344 287,880 10,911 (10,911) - 26,905 (26,905) - 37,816 (37,816) - 155,352 132,528 287,880 |
|---|---|
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| Veteran Support Services | 757,610 | (563,195) | 194,415 |
| Bowman Remort Support Service | 23,211 | (47,282) | (24,071) |
| 780,821 | (610,477) | 170,344 | |
| Restricted funds | |||
| ReGroup Pathfinder | 45,657 | (56,568) | (10,911) |
| Veterans Fund | 20,000 | (20,000) | - |
| Armed Forces Covenant Fund | 99,961 | (99,961) | - |
| Lloyd's Patriotic Fund | - | (26,905) | (26,905) |
| NCC Local Communities Fund | 16,010 | (16,010) | - |
| Royal Air Force Benevolent Fund | 5,000 | (5,000) | - |
| 186,628 | (224,444) | (37,816) | |
| TOTAL FUNDS | 967,449 | (834,921) | 132,528 |
Page 20
continued...
Care After Combat
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
22. MOVEMENT IN FUNDS - continued
Unrestricted Funds
Bowman Remote Support Services
This fund represents a material contract that the charity operates for the NHS. The monies are not restricted as the trustees are able to decide how the monies are spent in the delivery of the service.
Restricted Funds
ReGroup Pathfinder
This fund is to cover the ReGroup project which is partially funded by NHSE.
Veterans Foundation
This is monies received towards the staff wage of a new deputy operations lead post.
Armed Forces Covenant Fund
This is monies received to support the production and delivery of Wellbeing Activity Packs.
Lloyds Patriotic Fund
This is monies received towards the expansion of the Phoenix project into the West Midlands.
NCC Local Communities Fund
This is monies received towards the staff wages of a new deputy operations lead post.
Royal Air Force Benevolent Fund
This is monies received toward project Phoenix.
23. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
Page 21
Care After Combat
Detailed Statement of Financial Activities for the Year Ended 31 March 2025
| Period | ||
|---|---|---|
| 1.11.22 | ||
| Year Ended | to | |
| 31.3.25 | 31.3.24 | |
| as restated | ||
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 137,797 | 107,435 |
| Gift aid | 2,285 | 7,652 |
| Grants | 114,828 | 501,901 |
| 254,910 | 616,988 | |
| Other trading activities | ||
| Fundraising events | 17,110 | 1,291 |
| Shop income | 60 | - |
| 17,170 | 1,291 | |
| Investment income | ||
| Deposit account interest | 7,146 | - |
| Interest receivable - trading | - | 126 |
| 7,146 | 126 | |
| Charitable activities | ||
| Contract income | 694,101 | 348,274 |
| Other income | ||
| Other income | - | 770 |
| Total incoming resources | 973,327 | 967,449 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Marketing | 18,854 | 1,881 |
| Costs of fundraising | 19,926 | 6,466 |
| 38,780 | 8,347 | |
| Other trading activities | ||
| Opening stock | 3,127 | - |
| Purchases | 1,464 | 3,127 |
| Bad debts | - | 500 |
| Closing stock | (2,114) | (3,127) |
| 2,477 | 500 | |
| Charitable activities | ||
| Wages | 461,788 | 523,802 |
| Social security | 38,028 | 40,969 |
| Pensions | 11,015 | 13,664 |
| Mentor costs | 18,360 | 20,178 |
| Project delivery costs | - | 9,567 |
| 529,191 | 608,180 |
This page does not form part of the statutory financial statements
Page 22
Care After Combat
Detailed Statement of Financial Activities
for the Year Ended 31 March 2025
| Period | ||
|---|---|---|
| 1.11.22 | ||
| Year Ended | to | |
| 31.3.25 | 31.3.24 | |
| as restated | ||
| £ | £ | |
| Charitable activities | ||
| Other | ||
| W/o irrecoverable loan | 632 | 8,000 |
| Support costs | ||
| Management | ||
| Wages | 56,172 | 22,680 |
| Social security | 4,843 | 1,865 |
| Pensions | 1,412 | 669 |
| Rent | 27,516 | 31,400 |
| Rates and water | (744) | - |
| Insurance | 3,527 | 1,587 |
| Telephone | 12,386 | 15,758 |
| Postage and stationery | 25,193 | 26,979 |
| Hire of office equipment | 8,778 | 12,408 |
| Sundries | 9,752 | 7,294 |
| Motor & travel | 64,007 | 66,615 |
| Subscriptions | 1,050 | 749 |
| Staff training | 11,525 | - |
| 225,417 | 188,004 | |
| Finance | ||
| Bank charges | 146 | 756 |
| Bank interest | 427 | 1,033 |
| 573 | 1,789 | |
| Other | ||
| Dep'n of plant & machinery | 6,219 | 5,693 |
| Loss on sale of tangible fixed assets | 1,704 | - |
| 7,923 | 5,693 | |
| Governance costs | ||
| Accountancy fees | 11,892 | 12,594 |
| Legal fees | 4,997 | 1,814 |
| 16,889 | 14,408 | |
| Total resources expended | 821,882 | 834,921 |
| Net income | 151,445 | 132,528 |
This page does not form part of the statutory financial statements
Page 23