# **Veterans Support Association Reports and Financial Statements** **31[st] December 2020** ## **Veterans Support Association** |**Contents**|Page| |---|---| |Trustees’ report|1| |Statement of fnancial activities|2| |Statement of changes in funds|3| |Balance sheet|4| |Notes to the accounts|5 - 6| ## **Veterans Support Association** ## **Trustees’ annual report for the year ended 31[st] December 2020** ## **Trustees** John Joyce Barry Mills Hamish McGregor **Registered charity number** 1190025 **Registered address** 6 Adecroft Way West Molesey Surrey KT8 1PH **Accountants** Riches & Company 34 Anyards Road Cobham Surrey KT11 2LA ## **About** Our intention on forming the Association was to set up and run a monthly “drop-in” for veterans and their families. Our mission is to work to promote veteran’s wellbeing within the community. We currently offer our drop in and support services within the surrey area. With a weekly archery drop in every week next door to Chelsea Football Club for veterans and their families. The Veterans Support Association is open to all veterans and sprang up from our Combat Stress outreach meetings these have since ceased. We are all former service members; our task is to fill the void caused by isolation and detachment after service life with a social life and comradeship between us. All former and serving Personnel and their families are welcome to join our Association We work together to make our cause known, to reach out to other veterans who share our commitment to achieve a better way of life. Whether you are ready to lend a hand, or just participate in our activities, contribute photos or news of a recent event to share in the newsletter here is our place to do it. Our aim is to help members with a telephone support network, social events and to generate a sense of belonging and comradeship. In terms of expenditure within the year, we purchased some equipment and spent money on events for archery and curling, this totalled £4,376.84. 1 ## **Veterans Support Association** ## **Statement of financial activities for the year ended 31[st] December 2020** |**Income**
Donations
Grants received
Other income
**Expenditure**
Insurance
Legal
Clothing
Badges
Motor Expenses
Subsistence
Equipment Hire
Advertising
Music
Rent
Sundry
Equipment for activities
Postage
Depreciation
Website
Telephon
e
Storage|**2020**
**£**
**£**
6,351
-
-
1,319
745
859
5
45
530
-
-
-
-
-
745
5
,010
342
725
46
135
12
(11,013)|**2019**
**£**
**£**
5,030
5,000
11
48
5
-
-
3,4
33
57
6
-
-
-
-
62
5
42
3
3,082
8
2
68
8
-
-
-
(9,394)|**2019**
**£**
**£**
5,030
5,000
11
48
5
-
-
3,4
33
57
6
-
-
-
-
62
5
42
3
3,082
8
2
68
8
-
-
-
(9,394)| |---|---|---|---| ||||(9,394)| ||||| 2 |**Operating proft**
**Veterans Support Association**|**(4,662)**|**647**| |---|---|---| |||| **Statement of changes in funds for the year ended 31[st] December 2020** |**Fund balances**
**at 31st December 2019**
**Net movement in funds**
**Fund balances**
**at 31st December 2020**|2020
Total
funds
£
6,528
(4,662)
_______
1,866| |---|---| 3 ## **Veterans Support Association** ## **Balance sheet as at 31[st] December 2020** |||**2020**|**2020**|**2019**|**2019**| |---|---|---|---|---|---| |||**£**|**£**|**£**|**£**| ||**Fixed Assets**||||| ||Table tennis table|195||228|| ||Vehicles|1,500||1,800|| ||Fixed Assets|1,421||1,776|| ||Mobile
phone|112||-|| ||||3,228||3,804| ||**Current assets**||||| ||Cash in bank or hand|2,589||4,953|| ||**Current**
**liabilities**||||| ||Creditors|4,639||2,916|| ||**Net current liabilities**||(2,050)||2,036| ||||1,178||6,528| ||**Finances by surplus on activities during period**||1,178||6,528| Approved on behalf of the Trustees on ……………………….. _______________________ J Joyce 4 ## **Veterans Support Association** ## **Notes forming part of the accounts for the year ended 31[st] December 2020** ## 1 **Charity information** Veterans Support Association is a charitable trust registered with the Charity Commission in England and Wales. The principal place of business is 6 Adecroft Way, West Molesey, Surrey, KT8 1PH. ## 2 **Accounting policies** ## (a) **Accounting convention** The financial statements have been prepared under the historical cost convention. ## (b) **Receipts** Donations are accounted for when received or when it is known that donations receivable are considered to be a firm commitment by the donor. ## (c) **Fixed assets** All fixed assets are initially recorded at a cost. ## (d) **Depreciation** Sports and other equipment are written off over the period of their expected useful life at the rate of 10% per annum on a straight-line basis. Vehicles are written off over the period of their expected useful life at the rate of 10% per annum on a straight-line basis. Electronic hardware is written off over the period of their expected useful life at a rate of 25% per annum on a straight-line basis. ## (e) **Taxation** The Trust has been granted charitable status. 5 ## 3 **Fixed assets** |||**£**| |---|---|---| ||**At cost**|| ||Balance b/fwd at 01/01/2019|6,877.00| |||| ||Additions|149.
65| |||| ||Disposals|-| |||| ||Balance c/fwd at 31/12/2019|7,026.95| |||| |||| ||**Depreciation**|| ||Balance b/fwd at 01/01/2019|3,073.50| |||| ||Additions|725.19| |||| ||Disposals|-| |||| ||Balance c/fwd at 31/12/2019|3,798.69| |||| |||| ||Balance as at 31/12/2019|3,803.70| |||| ||Balance as at 31/12/2018|4,491.40| ## 4 **Creditors** Creditors of £4,639 (2019: £2,916) comprises of funds paid by the trustee on behalf of the charity which will be reimbursed to the trustee at a later date. - 5 **Income – Breakdown** Donations within the financial period - Donations from members totalled £272 - Donations from other organisations and charities totalled £6,079 No grants received within financial period. 6