2021-10-31-accounts - Veterans Outdoors

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REGISTERED CHARITY NUMBER: 1175204

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2021

FOR

VETERANS OUTDOORS CIO

Barretts Chartered Accountants & Chartered Tax Advisers

22 Union Street Newton Abbot Devon TQ12 2JS

VETERANS OUTDOORS CIO

CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 October 2021

	Page
Report of the Trustees	1
Independent Examiner's Report	2
Statement of Financial Activities	3
Balance Sheet	4
Notes to the Financial Statements	5 to 9
Detailed Statement of Financial Activities	10

VETERANS OUTDOORS CIO

REPORT OF THE TRUSTEES

for the Year Ended 31 October 2021

The trustees present their report with the financial statements of the charity for the year ended 31 October 2021. 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

The objects of the charity are: - to provide support and outdoor wellbeing for military veterans, those still serving and their families;

to offer horticultural therapy and other outdoor wellbeing activities on estates and farms in the South West.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a CIO Foundation constitution registered on 18th October 2017 and amended on 1st November 2021.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1175204

Principal address

4 Stonesclose Galpin Street Modbury Ivybridge Devon PL21 0RZ

Trustees

S Harrison Chair H J White (appointed 25.5.21) Ms L Sinclair-Willis (appointed 25.5.21) J Rossiter (appointed 1.1.21) Ms G T Phillips N Griffiths

Independent Examiner

Ian Barrett FCA FCIE Barretts Chartered Accountants & Chartered Tax Advisers 22 Union Street Newton Abbot Devon TQ12 2JS

Approved by order of the board of trustees on 30 August 2022 and signed on its behalf by:

S Harrison - Trustee

Page 1

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF VETERANS OUTDOORS CIO

Independent examiner's report to the trustees of Veterans Outdoors CIO

I report to the charity trustees on my examination of the accounts of Veterans Outdoors CIO (the Trust) for the year ended 31 October 2021.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
the accounts do not accord with those records; or
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.

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.

Ian Barrett FCA FCIE Barretts Chartered Accountants & Chartered Tax Advisers 22 Union Street Newton Abbot Devon TQ12 2JS

30 August 2022

Page 2

VETERANS OUTDOORS CIO

STATEMENT OF FINANCIAL ACTIVITIES

for the Year Ended 31 October 2021

Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 105,077 EXPENDITURE ON Charitable activities Charitable Activities 68,055 NET INCOME 37,022 Transfers between funds 5 (356) Adjustment to brought forward balance (7,584) Net movement in funds 29,082 RECONCILIATION OF FUNDS Total funds brought forward 218 TOTAL FUNDS CARRIED FORWARD 29,300	Restricted funds £ 115,056 88,113 26,943 356 (2,416) 24,883 19,247 44,130	2021 Total funds £ 220,133 156,168 63,965 - (10,000) 53,965 19,465 73,430	2020 Total funds £ 77,124 58,404 18,720 - - 18,720 745 19,465

The notes form part of these financial statements

Page 3

VETERANS OUTDOORS CIO

BALANCE SHEET

31 October 2021

Unrestricted Restricted funds funds Notes £ £ CURRENT ASSETS Cash at bank and in hand 30,381 44,130 CREDITORS Amounts falling due within one year 4 (1,081) - NET CURRENT ASSETS 29,300 44,130 TOTAL ASSETS LESS CURRENT LIABILITIES 29,300 44,130 NET ASSETS 29,300 44,130 FUNDS 5 Unrestricted funds Restricted funds TOTAL FUNDS	2021 Total funds £ 74,511 (1,081) 73,430 73,430 73,430 29,300 44,130 73,430	2020 Total funds £ 19,465 - 19,465 19,465 19,465 218 19,247 19,465

The financial statements were approved by the Board of Trustees and authorised for issue on 30 August 2022 and were signed on its behalf by:

S Harrison - Trustee

The notes form part of these financial statements

Page 4

VETERANS OUTDOORS CIO

NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 October 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income 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.

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.

Taxation

The charity is exempt from 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.

2. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 October 2021 nor for the year ended 31 October 2020.

Trustees' expenses

No trustees' expenses were reimbursed in the year to 31st October 2021 (2020: £1,347).

3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted Restricted funds funds £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 16,829 60,295 EXPENDITURE ON Charitable activities Charitable Activities 17,356 41,048 NET INCOME/(EXPENDITURE) (527) 19,247	Total funds £ 77,124 58,404 18,720

Page 5

continued...

VETERANS OUTDOORS CIO

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 October 2021

3.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
				Unrestricted	Restricted		Total
				funds	funds		funds
				£	£		£
	RECONCILIATION OF FUNDS
	Total funds brought forward			745		-	745
	TOTAL FUNDS CARRIED FORWARD			218	19,247		19,465
4.	CREDITORS: AMOUNTS FALLING DUE WITHIN		ONE YEAR
					2021		2020
					£		£
	Trade creditors				1,081		-
5.	MOVEMENT IN FUNDS
				Net	Transfers
		At		movement	between		At
		1.11.20		in funds	funds		31.10.21
		£		£	£		£
	Unrestricted funds
	General fund	218		16,938	(356)		16,800
	Garfield Weston Foundation		-	12,500	-		12,500
		218		29,438	(356)		29,300
	Restricted funds
	Armed Forces Covenant Fund Trust
	Positive Pathways Artemis
			-	17,728	-		17,728
	Armed Forces Covenant Fund Trust
	Positive Pathways 2 year grant Get
	Grounded	16,831		(17,187)	356		-
	Armed Forces Covenant Fund Trust Force
	for Change Growing Together		-	6,991	-		6,991
	Awards for All National Lottery		-	7,170	-		7,170
	Devon Community Foundation	1,216		(1,216)	-		-
	D'Oyly Carte Trust		-	1,178	-		1,178
	Finnis Scott Foundation		-	2,250	-		2,250
	RAF Benevolent Fund		-	2,000	-		2,000
	The Fore		-	6,513	-		6,513
	Torbay Community Grant		-	300	-		300
	Awards for All	1,200		(1,200)	-		-
		19,247		24,527	356		44,130
	TOTAL FUNDS	19,465		53,965	-		73,430

Page 6

continued...

VETERANS OUTDOORS CIO

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 October 2021

5. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds General fund Garfield Weston Foundation Clare Milne Trust Restricted funds Armed Forces Covenant Fund Trust Positive Pathways Artemis Armed Forces Covenant Fund Trust Positive Pathways 2 year grant Get Grounded Armed Forces Covenant Fund Trust Force for Change Growing Together Awards for All HUGS Awards for All National Lottery CLA Trust Devon Community Foundation D'Oyly Carte Trust Finnis Scott Foundation Nineveh Trust RAF Benevolent Fund Schreier Foundation The Fore Devon County Council Covid Fund Torbay Community Grant Veterans' Foundation Awards for All TOTAL FUNDS	Incoming resources £ 70,077 20,000 15,000 105,077 33,250 - 19,000 2,256 9,570 1,000 6,000 3,000 4,000 2,000 4,000 2,000 15,000 680 300 13,000 - 115,056 220,133	Resources expended £ (45,555) (7,500) (15,000) (68,055) (15,522) (17,187) (12,009) (2,256) (2,400) (1,000) (6,000) (1,822) (1,750) (2,000) (2,000) (2,000) (8,487) (680) - (13,000) - (88,113) (156,168)	Gains and Movement losses in funds £ £ (7,584) 16,938 - 12,500 - - (7,584) 29,438 - 17,728 - (17,187) - 6,991 - - - 7,170 - - (1,216) (1,216) - 1,178 - 2,250 - - - 2,000 - - - 6,513 - - - 300 - - (1,200) (1,200) (2,416) 24,527 (10,000) 53,965

continued...

Page 7

VETERANS OUTDOORS CIO

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 October 2021

5. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

		Net
	At	movement	At
	1.11.19	in funds	31.10.20
	£	£	£
Unrestricted funds
General fund	745	(527)	218
Restricted funds
Armed Forces Covenant Fund Trust
Positive Pathways Artemis
	-	16,831	16,831
Devon Community Foundation	-	1,216	1,216
Awards for All	-	1,200	1,200
	-	19,247	19,247
TOTAL FUNDS	745	18,720	19,465
Comparative net movement in funds, included in the above are as follows:
	Incoming	Resources	Movement
	resources	expended	in funds
	£	£	£
Unrestricted funds
General fund	16,829	(17,356)	(527)
Restricted funds
Armed Forces Covenant Fund Trust
Positive Pathways Artemis
	33,250	(16,419)	16,831
Devon Community Foundation	6,245	(5,029)	1,216
Veterans' Foundation	10,000	(10,000)	-
Awards for All	9,600	(8,400)	1,200
Teignbridge District Council Covid grant	1,200	(1,200)	-
	60,295	(41,048)	19,247
TOTAL FUNDS	77,124	(58,404)	18,720

continued...

Page 8

VETERANS OUTDOORS CIO

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 October 2021

6. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 October 2021.

Page 9

VETERANS OUTDOORS CIO

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 October 2021

INCOME AND ENDOWMENTS Donations and legacies Grants Total incoming resources EXPENDITURE Charitable activities Staff remuneration Service delivery subcontractor remuneration Other service delivery costs Fundraising Motor expenses Office expenses Rent Insurance Website development Training Advertising Accountancy and bookkeeping Subscriptions Sundry expenses Legal and professional fees Staff expenses Repairs and maintenance Capital acquisitions Trustees' expenses Total resources expended Net income	2021 £ 220,133 220,133 65,241 30,779 16,093 25,266 159 1,668 584 1,262 2,300 393 891 4,598 314 151 6,469 - - - - 156,168 156,168 63,965	2020 £ 77,124 77,124 40,684 - 2,095 - 1,289 4,162 103 737 1,966 - 295 553 433 2,237 170 510 777 1,046 1,347 58,404 58,404 18,720