**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: 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. 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| |---|---|---| This page does not form part of the statutory financial statements Page 10 This page does not form part of the statutory financial statements Page 10 This page does not form part of the statutory financial statements Page 10 This page does not form part of the statutory financial statements Page 10 This page does not form part of the statutory financial statements Page 10 This page does not form part of the statutory financial statements Page 10 This page does not form part of the statutory financial statements Page 10 This page does not form part of the statutory financial statements Page 10 This page does not form part of the statutory financial statements Page 10 This page does not form part of the statutory financial statements Page 10 This page does not form part of the statutory financial statements Page 10 This page does not form part of the statutory financial statements Page 10 This page does not form part of the statutory financial statements Page 10