Charlty r•gkntrallon numbor 1185308 {Engl*nd and Walo8) DEFENCE MEDICAL REHABILITATION CENTRE BENEVOLENT FUND ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
DEFENCE MEDICAL REHABILITATION CENTRE BENEVOLENT FUND LEGALAND ADMINISTRATIVE INFORMATION Tntstaeg Mal matth Perklns RAMS {ChaK) Ll Col Timothy Cl&*• RAMS Peter Corbgtt Ly RhDJes Helen Carter Craig HaaM (Oewity Chair) Thomas FTarK Claire ktyhill KHOS RAF Mark Izatt (APPnted 14 May 20241 Charlty numb 1185308 Prlnelwl iddr••$ Stsnf¢Yd Hal Stanfofd Hall E8tat& Slanford on Soar LolroUgh LE12 5BL Indapendent examlnor Rogers SpefK Newstead H$& Pèlham Road Nottinghgm NG5 1AP Bankers CAF Ba 25 Kirwp Hlll A¥ue Klngs Hlll Vhst M8llirvJ ME19TQ InvKtrn•nt advl•orn CCLA Investment Man•g•menl COIF Charity Funds 80 Ch&ap8ide London EC2V 6DZ
DEFENCE MEDICAL REHABILITATION CENTRE BENEVOLENT FUND CONTENTS Pag• Chaiman's stst8ment Trusle8s' rowt IrKlepondont •X8mine¢• repirt statement of finandal activiti'es Balance sheet Notes to th fin01 st8temerrt8 9-18
DEFENCE MEDICAL REHABiufATION CENTrE BENEVOLEMT FUND CHAtr8 8TATEueNT
DEFENCE MEDICAL REHABILITATION CENTRE BENEVOLENT FUND TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The tru81ges present ththr anr41 reyt ar¥J fift81 Statem forthe yew erwjed 31 Marth 2025. The financial statements have been prepwed in accordan with the UntIrj p)Ildes set out in the notes to the ffinaal 8t8tement$ and ts)mpty wth the charity's goveming ¢Jocument, the CharibeB AL 2011 and "Accounting and Reporting by Charities.. Statement of Racommervjad Practice applicable to tharfiles preparfng Iheir acc¢)unts in accordancè with the Financial Rep)rtlng Standard appllc4ble in the UK and Rewblic of Ireland {FRS 1021 (effethie 1 January 2019)". ObJectlvM and actlYMI The tharty5 objects are.. 8. thg promthon of the effioenry ofthe anned force8 of the CrcAw: b. the advancement of health of mrtary p8r80rrnl currenwy uThJtsr the ¢aro of thè DMRC.. and c. the relief of need of mllilary personnd currenty under the care of the DMRC; by 5upw1in9 physi1 and psychological rehabilrtatlon of Patnts of th? DMRC. particularfy trfjt Th)t exdushety by provldlng spedali$l medicgl equiwbant and opportun1t1 for occup8bon81. socaal and adventure •dvitlg$. The 8tralegi•s •m0Yed lo athieve th8 chanty'6 aims ar objective8 and r major athviti. tt) achig¥e them ore a8 do8crlb8d in the Ch•ir'$ stat&nl abo¥e. The Iru•t¢¢• have pald due regard Io guidon¢e the Charlty CommI10n In d8c¥dlng Wt1 athttlej It ¢harlty ohId undthak•. A¢hhvom•nts and p•rfornwnc• £hlevements antj perf(anCe rfjng th yoor to furtrr the drIty's purpo8•8 for the benefit are staled in the Chalr's statement above. Pyblbc b•n•flt Slat•m•nt The publlc beneffl8 that flow frc¥n la) are.. {a} an enhanced qualty of r8habilrtatron to benoffiaaries under the C8Te of DMRC Stanfcfd Hall at no •xtM cost to the UK Taypayer through engagemènt wlth and participatv)n in •cliwbe8 and events that improve reha)ilit8tion potential physicalty, emationalty and hollsllc81ty'. Ib) Increase oppMunili¢$ lo engage in new aclivilie8 Post injury arKI groatsr loclal o)heslon', The dlrect benellt that fl(Ms from Obpct (bl is the incroased eTriency arKI effeth'venes8 of Defenee Medk#l Setmces IDMSI in management 8rKI fNce generab'on of Sermee rSOnn, both via return to duty and di$Gharg0 from IheArmed For¢e$ with Improved quality ol lito for tr$¢ benefit from the work of the thnty.' public benéfits that Ilthv from Object (c) are.. (al an enhonGed environment, leadlr¥J to Improved health wltt•me8 and a better qualjty of lffe: (bl raised aw8renes8 of issues lw'ng management of Defenc• pakn'ents. The chalr and board of truste¢s do not believe that hwm has ariwi from the beneffts arvj thal there has been no prfvate benefft fl(Ying from the ObAeds. Thg objgcls are 8valuat¢d by the b8neflck8rt0$ and f¢6db&k from events. Approach to lundral•lng acthiloes The Chanty'¥ approach lo lundralslrvJ Is allgned the exK¢ted capital and OFera113I running cJ)sts over the Short and medium term. In 2024r25, charity organised and t¢)ok part in 8 wde range of actiwtie5 designed to both ralse funds and ralse awarenes5 of the charitys and the needs of its b¢nèffiuartes. The charfty also bgnefrted from generous donatn5 from organisations and the put4ic an(1 in totsl realised income of £188.633.
DEFENCE MEDICAL REHABILITATION CENTRE BENEVOLENT FUND TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2025 Flnancl•l rnvlow On April 1st, 2024, the net assets ofthe charty £2.684.944. During the year 2024125 the charty rai%d irthme of £188,633 ¥pent £207.035 on tharitale actfvity. ndraising arKI admlnistration costs. Details of some of the mgln acti111 G•n be seen on our website at FuThJraising continued to be chleng but V•we frytunat• to tonefft from 8 8mall number of18rge donation8 whlch 8U8tain8d our revenue for the year and wjpported our continuirKJ rK&ramme of tharllable activity. Towards the erKI of the finanoal year. there was a dmlum in investment maets. duè malnty to the Impact of the tariffs Imp080d by the USA which have 8thÉrsely Impacted lob81 free trade and busine88 conllderro. A8 resu, our Inve5tment5. had been perfoming strorrfJly until FoLYuary, h•vts endèd the year wllh an unrealized loss of £40.797. Addltion8lly, we f•ccAded an operating defi¢it of £18.402. duo mainly lo lh• th#lng{rj fundral8in9 environment. Over811 tharefofe. OLK reserves tsll by £59.199. However. tNs stlll leaves an extremety hèatthy reseryes pw'tion of £2.68 millMYb. ¥thich is an 8>zellent bas18 for planning our future strategy induding in¢reos•d charitable athlty. Furlhemiore, after tho balance sheet date the charity rec64vad a 8ub8tantlal legacy of ovor £245,000 . and Inve8tment markets recovèred lost gnd , so the financi powtion as al the date of 8vJning the accounlj 18 oven 8trorwJer. RM•N•i pollcy Re8erv?s are required to trp mlbgat• risks and ¢over tknlng dllknce8 belween rKelpt of Incoma and dlsbursement of ¢xpenthlure. The trust$ believe that r88erve8 should be hdd equd to 12 month$ of OP8faling expenditure v$ an amount equal lo thé value of any fr6wablè modium tern cash ouUlo¥wJ. for exam8 eaprtal prolect8 and new unfundèd operalp)nal proje(8, whlth may from Ume to Ilme be induded in our medlum to long term cashll¢)w loreca$l The current level of r¢serv•s hdd 18 in exce88 of V)Is amount. therefm the truste8S 8ffj developlng furthor trndium to Ig t8rn1 plans to increase the charity'8 level of a¢¥ty for the bernfft of our target benèficiaries. Investment pollcy The truste bdigve that fund8 Ihat may bo wuired to furnj tom proie¢ts and lo m8ot our r•88rve8 pc4icy should be hekj in cash 8cts)unts 8vailatAe al shrmt rntice and that funds above this levèl sh¢)uld be Inve8led for thg modlum lo long term wth a lo optimisirwJ the axpected retum withoul I8rg undue I. Thls pollcy ha8 been fvlly implemented. The FlnarKa commttse revi the investment stratogy wtth th• Fund managers on a regular ba8. Thg performane• of cr investments is commented on abo. Rlsk man•g•m•nt The Iru8te85 have a rb6k man8gemgnt stratggy vthi¢h ¢(¥nprise6: • an annual review of the winapal risks aThJ uncertaintN?s that Ihe thanty faee8. the establlshment of pdicies. $y8tem6 and [cdures to mitygate those rtsks Idenuned In thg annual r8vlew', aTrJ the knplementalion of procedures desigrnd to minimise or m•na9e ary Fotents'al impad the ¢harty should those risks matenalk8e. Th& trustees believe that there are currenty r 9gnint risks T*lih appropriate mrtuab'¢)n that Watrt Inclusion in the amual rep. A furthèr re¥¥ wll be uTrJertaken in 2025m.
DEFENCE MEDICAL REHABILITATION CENTRE BENEVOLENT FUND TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Structur•. governance and managem•nt Defence Medical Rehabilita0 CenlT8 Benevolenl Fund is a Ghwbwe Irated Organ¢salion irKorporated In Eroland and Wa on 19 September 2019. The charity's goveming ¢)¢ument is rt8 consbtulion folk7WS the Chanty Commission guidelw$ for a Charltsblg IncOrpted ¢nIS811 {Foundation Slrudure) VA,5 only voting membèrs ar8 its trustees. The Charty ConStitu¢>n delalls the roles, responwlylili••. li•biliti88 and congtralrrt8 relevant to the Tru¥teeB, rMmber$ ond volunteers In the ruming of the thorty The Charlty comprises a Board ofTru6tees of no le58 than 3 and not mcwe 10 pw80ns. The DMRC Stanford Hall Commanding Officer shall conSered a member irf the board of Trustees las eXtIo) for as long 88 thoy hold th8t office. Condrtions for the Extho Tru8te8 be knjnd in the Charity c4)nstitutkn). The Charty trust have 8 Statutory oblyation. under the Ch•ritiesAct 2011. to have rggard to the publiG b¢n•fil guldance when exerei8ing any powefs of duts'es to wthith guKlance i% relevant. The Irusle8'$ deci84on5 havg the purpose of fvlfilling the aims and ebjects of Ihe Charrty and dèlr¥ering knefil, with that provkl&d by th8 publlc pur58. to the patients and staff of DMRC Stsnm Hall It beneficiaries). The DMRC Ben6¥olent fund provides publlc benefft In 8UPPOrting the Armed fort88 arAI Stsff of DMRC Stsnfcrfd Hall, corrtributing lo UK D8fen¢e and her Interests. maMis1n9 the r•halrtats.Qn K1181 ol those under Units core arKI working wth other Ch¥rrte$ lo support the need8 of the neficIant$. Tho trustees who Served durtng th8 year and up to the date of signar& of financlal statements were.. Maj Matthew Perkins RAMS {Chalr) Lt Col Tlmolhy Clarke FLAMS Su¥4n Huggins OBE M P•t8r Corbett Lucy Rhod98 Ho18n C8rter Craig Haslam (D•puty Chalr) Thomas Franci Claire Myhill KHDS RAF Mark Izatt IRo819n¢d 12 May 20241 (hwointed 14 May 2024> Durfjng the perlod h whlch accounts vmre being ppared a S¢?33J1 recruitment campaign 8ted in th• appointment 013 new tTU$tees , one of whom- Renata Gome$- is the new Chair Designate. The fom81ilie8 relating lo these apFrt)Intrngnts ar8 exFected to be ctsnduded 8htyty after tho slgnkig of the and wlll b• fully reported on our vffjbslte and In next year's )ur. The Twstem may dewte any of thelr p0r3 or fuTrJiw$ to one or more SU commltteos or adsOry p8nel$ Col¥tIng of $uch membern ol tmr bc4ty CY Ihe DMRC Staff as they think fft. CUrreY there are a number of sut*committees of the board meet at reguLqr Inleryal8 and submit 8ummary to the board meelings. The Trugtees have dekngaled day to day runnlng of the charfty to a ¥ulFgroup. wthlch is krKAvn 8$ Ihe Committee". The Committee is the operalionol element of tho Chaiity and Cryi s•veral DMRC Stanford Hall pergonn in charity roles as voluntary secondary dub'es.. 1. Operalions manager (Chair) 2. S8crotary 3. Events and FurKlraisirKJ marAger 4. Propety manager 5. Treasuref 6. IndepoTrdent member 7. SNCO member 8. Patient a(O¢8te
DEFENCE MEDICAL REIIABKifATION CENTRE BENEVOLENT FUND ThU8TEE8' REPORT o¥-L>
DEFENCE MEDICAL REHABILITATION CENTRE BENEVOLENT FUND INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DEFENCE MEDICAL REHABILITATION CENTRE BENEVOLENT FUND I report lo the trustees on my eXaMinan of ttE financial Statem of t)efen Medical Reh8biltsts'on Centre Ben8volent Fund (the charity) for the year ended 31 March 2025. Raspon•lbllttle8 and ba818 of rnport As the trustees of the tharily you are respible f the Preparats. of the financlal statements in &CrdanCe with the requirements d the charit Act 2011. I report In respect of my axwnlnatK)n of cth8rty's fmncial statements carr1&4 under 88ctlon 145 of the Chantles Act 2011 In carrylng out my eyamlnath)n I have IdId Ihe Dlreclons gfven ty the Charty Comm1881on under se(#ion 14515}{bl of the Chafityas Act 2011. Indopondent oxamln•rfs ststem•nt Your attenllon Is drawn to thg fact that thg chartty has w•pwed the flnawal statements In accordance th the relevant veOn of the Statement of ReCommend Practice applicable to ch8rrties preparing tPKiir financial 8lalemenl8 in accordance wth the Fingncial Reporb'ng St8rKlord applicable in th8 UK and Republic of Irekqnd {FRS 1021 in p¥eference to Accounting arKI ReportiTr3 by Charities.. Stalement of Recommended Practice issued on 1 Aprll 2005 which is referred to in extant regulations bjt has n(yw been withdrawn. l understand that th18 has bgon done in order for the finanryal st8tement8 lo provide a In arKI tsir vw in accordanco Wfth UK Generally Accepted Accounting Praclk?. I have Mpleted my examSnatlcn. I corffimi thal M matters have c>Jme to my attentlon In COnrctIon vlth the ex8mlnatM giving me cause lo believe that in any matenal res.. accountlng rec$ wre not kept In respect of lh8 charty 88 rtyulyed ty SKII 130 of CharrtAct 2011. thè finanual 8tatements do nc accord with th0 r•e<>rd8: or the finarrtial statements do not comply with the applicable rnquirements o)ncwnirwJ the form and o)ntent of financial 8t8tementS set out in the Charities {h£courrts and Report81 Regulations 2008 other than any requirement that the flnandal 818tements give a and fair iiew. wthich Is not a matter con81dered a8 part of an kndependent oxamlnation. I h8¥e no concems an Shou be drèN kfre come across other matters in cfjnrrttK)n wilh the 8xaminatic to which attention in ¢Jfdw to en8e * proper under8tandin9 of the financ481 statements to be reathed. Melvln Balley FCCA DClb4 for and on behalf of Rogers SwrK*r Chartered Accountant8 Newsle8d Hous¢ Pelham Road Nottlngh8m NG5 1AP Dated: 15 September 2025
DEFENCE MEDICAL REHABILITATION CENTRE BENEVOLENT FUND STATEMENT OF FINANCIAL ACTMTIES INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Currnntfinanclal y••r Unrn•trlct•d Unrn•trfct•d funds fund• 2025 2024 Not88 Donalons arKI legaoes Other trading act183 Inve8trnents 174.036 7,750 6.847 164.411 4,456 24,088 Totsl In¢om• 188,633 192,955 Raising fvnd$ Ch8dlablè actmlles 49,513 157,522 52,709 188,749 Totsl •xp•Ddttur• 207,035 221,458 Op•rntlng d•fl¢lt {18,402> <28,5031 Nel gain(103$•$I on In¥e8tments 11 {40,797) 288,239 N•t mov•m•nt In fund• 159,199) 239,738 Fund balancos at 1 April 2024 2,744,143 2,504.407 Fund balanGM at 31 March 2025 2,684,944 2,744.143 Th• ¥tat•menl of flnandal aCtm88 includes all gains wd1088e8 rec•)gnlsed In the year. The statemenl of finarKi81 gctivitios inclu(les all gdn8 WKI1058es recoJni8•J in Ihè y•ar. AJI Irome exper¥JKwe derive from ContInu¥ ath'Yrt.
DEFENCE hIcAL REHABILrrAnoN CENTrE BENEv¢Er FUND 13 51,771 11.101 1• 154.488 .123 181J36 17 (24.OM) (lorn) 171,L 2.744.1 1744,143 IM4.944 1744.143
DEFENCE MEDICAL REHABILITATION CENTRE BENEVOLENT FUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting pollclès Charlty Informatlon Defence Medical Rehabblrtation Centre 8en8volent Fund is 8 Ch8ritstrAe lrtorporated Organisation incorporated in England and kIeS on 19 September 2019. The address of the princtpal ¢)ffiGe is given In the legal and administrative infomiation of thgse firwnaal statwnents. 1.1 Accounllng eonv•fitk)n The f0¢101 statements have been prepared in accorda8 with thè c1 goveming document. the Charities Ad 2011 and 'Accounting arKI Reporting by Charttiés.. Statement of Recommended Pracllce applicable to tharrties preporing their accounts in tardance wlth the Flnancial Repothng Standard 8ppIIc8ble in the UK and RewblK of lrnland IFRS 102) leffe(b 1 jarry 2019).. The chty13 a PU1C Benefit Endty as defined by FRS 102. The fina191 statement8 are prepared in sterting. i¥ the funct6onal rrencY of the tharity. Monetary amounts in tr8e fin8n¢wl Statements are rounded to the rnaresl £. EndUre 18 reeogni8ed once there is a legal or constructive obllgatlon to Iransfef economlc benefit to thlrd paty, It18 wobable that a Iransfer of economic boneffts I11 be required In 8ettlemgnl, and the amount of the obllgatth can be measured relithy. Expenditure 18 dasjrfled by •cllvty. cobts of activty arn made up of t lot81 of dlrect costs and $hared costs, induding 8UPWt ¢08ts Invofvéd In undortaking each ath'vity. Direct costs attrilyjlable lo a single activity are allocated diredy to that ath'vity. Sharod costs vthich (x)ntribute to mw• thon one 8Ctivty and 8upport CO818 which are not attriLKrtable to 8 ngle activty are appOrU0j betsveen thoje activities on a ba¥18 conslstent with the us• of resouro8. Central 8taff c0818 ar8 allocgted thg baBi8 of Yme snt, and dgpredatlon tharges 8re 4llo¢ated the of the asset's u. 1.2 T•nglbl• Ilx•d 88•ts Tangible fixed assets are Inloally measurod at C05t arKI sthequenty meapAJred at or valuation, net of depreclation and any Impalrment los. Dew•aation is re¢ogni8od $0 as to writo off th• cost or Yalualion of as18 l•sJ tllr re8NJu¥l va ov•r Ih•lr uleful lives on the folltyANJ ba808'. Plant and equipment Fixtures and fittlngs Compulg Motor vehic188 20% reduclng ba 25% reduclng b81 33 113% straight line 25% reducing balance Thts galn or Ioss on the di¥po¥81 of an awt is determined as the drfference between the le prrKeed$ and th carrying value of th8 as8rf arKI is recr*Jnised in the statement of financial xtiw'ties. 1.3 Fl¥•d a$8•t Inv68tm•nts Fixed asset investrnents are inalty m8a5ur•J at trantitin price exdudirvJ transaction rthts, and are 8rt>seqUtty measure(l at fair valuo at ¢a¢h ffjportlng dale. Char4Jes in fa value are recogni8ed in net kncomellexperKliturel for year. Trans8dion costs art expensed as inlfred. 1.4 Impalrment of Ilxod u¥ets Al each reporting end date. the (tharity reviv the ca1n9 amou of ils tangible a888ts to d8t8mi whelhef there is any indication that those assets have yJffeRd an Impalm)ent loss. K any such Indration exlsls. the recoverats4e amount of the asset is estimated in order to detem)ine thg extent of the Impalmient loss anyl
DEFENCE MEDICAL REHABILITATION CENTRE BENEVOLENT FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcl•¥ (conllnu} 1.6 Stocks Stc¢k6 are stated at the lower of cost and e8b"mal&Y gallirwJ price letss costs lo comkqete and sell. C05t Comprises direct merials arKI, vthere aFplicabk. direct 18brx cost5 and Ih08e overheads that have bo¢n incuffed in bnnging the StkS lo their present location and eondttbon. Items k1 for distrityJtion at no or ncAninal Corderatn are m•asuW tha low of re4mont east cost. Net realisable value is tho estimated 8ellirwJ pri all timated costs of Mpletion and costs to be in¢urrtd In markn9. 8011iry and (¥ln'butiM. 1.6 Employoe b•n•flt• The co81 of any unused hdiday enliyoment 1$ rwnlsed In thfr period kn whlch the employee's 8orvlca8 are Ved. Twminatlon b8nefft8 are recogftlsod immèdiatety 88 an expen vth8n the charlty is d8monstrakly commtttod to tomiinate the employment of an empwee or to prowde tennirwtlon beneffts. 1.7 R•tlr•m•nt bon•fit• P8ym8nt8 to defned contrlbullon rnlrwnent bOffl schem61 aro ehfyryad a8 an exynBe as Ihoy fall d. Incom• from donatlong and l•ga¢l•• Unre¥trlctod Unr••trlct•d fund8 fund• 2026 2024 Donatlon8 and g1ft8 174.036 164.411 Other trndlng actlvhl Unr•gtrlcted Unr•¥trlct•d fundg fundi 2025 2024 Merchandise income 7,750 4,458 10-
DEFENCE MEDICAL REHABILITATION CENTRE BENEVOLENT FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Incomo from Investments Unmtrlcted Unrostrktsd funds fvnds 202S 2024 Income from listed Investrnent8 Interest receable 6.847 23.893 395 0,847 24.088 Exp•ndlture on rnl•lng fund• Unrn•trkt•d Unrn*trl¢t•d fund• fund• 2028 2024 Fundral•lng and publlclty Fundraising costs Tr8v818xperAes Advertlsing & marketing Ho8Ung Staff costs M•r¢hdIse 3,882 1,407 15,335 8,904 3,825 16.160 S,905 1,310 12,534 12,235 12,199 8.526 49.513 52.709 11
DEFENCE MEDICAL REHABILITATION CENTRE BENEVOLENT FUND NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Charttablè advlll¢s UnrtriCt•d Unr•strlct•d fvnd$ fund• Totsl 2026 Total 2024 Staff co$18 Depreciatson arKI impairment Act111& Staff training Po8tag8, Frelght and Court•r Insur8ncg Travd exp$61 IT SofNYare and Con8umabl08 S¢xlal acllvlyes R•nt, vonue hire & dritY fun(*on8 88nk charges Tru8lee expenae8 Sundry expen¥ Legal ond prof¢10n81 •xponse8 Telecc¥nmunkatlons Plaql and framing Equipm•nt 34,425 16.179 15,942 24,7e8 30.433 21,040 756 112 629 21,252 1.209 29,234 23,OCrt) 1,328 850 20,126 1,113 24,217 21,598 639 828 1,300 888 11.971 117 1,840 305 1,217 1.894 143 149.713 162.250 Sharn of governance cA>sts18ee not• 7) 7.809 6.499 157,522 188.749 Govemancè costs 2026 2024 Independent ex8minatson fees Accountancy 3.750 4.059 3,750 2,749 6,499 G¢)vomance costs ¥KlUd payTTths io the iryjed8rrt frxaminern of £3,360 for indyndent exam[naOn -12-
DEFENCE MEDICAL REHABILITATION CENTRE BENEVOLENT FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Nel movfftnt In fvnd¥ 2026 2024 Th8 net movement In funds18 stated after charglrW(credlthw): Fees payable the indewndent examinaticffl of th& chgrity fmncial 8tatements Depreciation of 'tle fix•J assets 18.179 30,433 Tru8teo8 None of the truste8s lor any per8on8 *ith them) received any ferati ty tsneffts from t arfty during lh• year. 10 Employ•6• Tha average monlhly Thjnber ol employees thjriry the year was.. 2025 Number 2024 Numb•r Employment ¢o•t• 2028 2024 Wage¥ and salaries Olher penOn costs 37.542 36.218 749 38.250 36.965 11 Galns and loMes on InVtments Unr••trl¢t•d Unr••trf¢tsd funds fund• 2026 2024 Galnsll1088es} arfslng on: Revaluation of investments Sale of investrfflents 178,885) 38.088 268,239 {40,797) 268,239 12 Taxallon The charity is exempt from taxatM)n on its acti¥itss because dl its irKJ)me is apFlied for charitatAe purp08e5. 13-
DEFENCE MEDICAL REHABILITATION CENTRE BENEVOLENT FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 T•nglblo Ilx•d a880ts T¢**1 v•NGIg1 Cost At 1 April 2024 Addon5 18.722 2,933 5.930 1.880 4,523 95.164 124,339 4,613 At 31 March 2025 21.655 7.610 4,523 95,164 128,952 D•proclatlon and Inwlrni•nl At 1 Aprfl 2024 Depredallon charged In Ihe year 18.723 342 1.788 1,041 4.523 35,982 14.796 80,998 16,179 At 31 March 2025 19.5 4,523 50.778 77,175 C•rylng amount Al 31 Marth 2025 2.590 4,801 44.388 51,777 Al 31 Marth 2024 4.181 59,182 83,343 14 Flx•d aM•t Inve•tmonts Llstsd Inv•stm•nl• Co•t or valuatjon At 1 Awll 2024 Valuation thang8$ DI8posal$ 2,509.702 (78.8851 1181.9121 At 31 Morth 2025 2,268.905 Carrylng amount Al 31 March 2025 2,268,905 At 31 M8rch 2024 2.509.702 IS Stocks 202S 2024 Flnlshed goods arKI for resth 11.181 14-
DEFENCE MEDICAL REHABILITATION CENTRE BENEVOLENT FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 Debtors 2025 2024 Amounts fallln9 due wlthln on• Yr. Tr8de debtors Prepayments and accrueil in¢one 11.780 29.723 18.884 41.503 18.884 17 Crodltorn.. amounts falllng du• wlthln on• y•ar 2028 2024 Other toxation and soclal 8ecurtty Trade creditord Other creditor8 Accruals and deferred Income 1,883 3,149 153 19,696 1,903 3,551 5,138 24,861 10,738 18 R•tlrnm•nt b•n•fft ¢h•ftw• 2026 2024 D•fin•d contrfbutlon sch•m Charge to profft or10$8 in of deffined COntriblon scheme• 749 The thorlty operates è defined cOntrilOn scheme for all qualfylng emplw•8. Tr asets of the 8cheme Are held separatety from those of the ch8rity in an ITrJependeny odministered fund. 19 Unr••trl¢t•d fund• The unrestricted fvnd8 of the tharity comwise the unexded b81onces of donations and grants whl¢h are not subject to 8pecffic coTrJilions by d¢)nor5 aThJ grantors as lo h(Y4V Ihey m8y be u$8d. Thtse in¢lude deslgnated fvnds which have been wt awde (Krt of unrfjstrdod frJnds by th• tnMteo8 for speGffiG purpo8. At 1 Aprll In¢4)mlng R•8our¢•s 2024 r•wurcH •xp•nd•d G•ln8 •nd At31 Mah 2026 General funds 2,744.143 188.633 1207,0351 (40,7971 2,684,944 Pr•vlous y••r. Incoming R•sour¢es 2023 rosourcés •xnded G•lns and At31 ma h 2024 General funds 2.504,407 1¥2,955 1221.4581 268,239 2,744,143 15-
DEFENCE MEDICAL REHABILITATION CENTRE BENEVOLENT FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Relat•d party transactlong There r? no disclosoble related paty tr8nslloM durry ye¥12024. nom). 16-