Veterans Support Association
Reports and Financial Statements
31[st] December 2023
Veterans Support Association
| Contents | Page |
|---|---|
| Trustees’ report | 1 |
| Statement of financial 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 2023
Trustees John Joyce Jonathan Sions David Cheesman 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 three weekly archery drop in sessions in West Molesey and Walton-on-Thames 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.
1
Veterans Support Association
Statement of financial activities for the year ended 31[st] December 2023
| 2023 | 2022 | |||
|---|---|---|---|---|
| £ | £ |
£ | £ |
|
| Income | ||||
| Donations | 5,783 | 5,638 | ||
| Expenditure | ||||
| Insurance | - | 908 | ||
| Direct Costs | - | 410 | ||
| Motor Expenses | 1,641 | 3,005 | ||
| Subsistence | 344 | 520 | ||
| Subscriptions | 103 | 135 | ||
| Charitable Donation | - | 359 | ||
| Sundry | 222 | 351 | ||
| Equipment for activities | 7,423 | 10,383 | ||
| Postage | 81 | 21 | ||
| Depreciation | 760 | 725 | ||
| Website | 95 | 277 | ||
| Telephone | 20 | 200 | ||
| Bank Charges | 83 | 131 | ||
| (10,772) | (17,425) | |||
| Operating (loss) | (4,989) | (11,787) |
2
Veterans Support Association Statement of changes in funds for the year ended 31[st] December 2023
| Fund balances at 31st December 2022 Net movement in funds Fund balances at 31st December 2023 |
Total funds £ (1,161) (4,989) (6,150) |
|---|---|
3
Veterans Support Association Balance sheet as at 31[st] December 2023
| 2023 £ £ Fixed Assets Table tennis table 130 Vehicles 900 Fixed Assets 711 Mobile phone 105 1,846 Current assets Debtors 866 Cash in bank or hand 19,352 Current liabilities Creditors 28,214 Net current (liabilities) (7,996) (6,150) Finances by (deficit)/ surplus on activities during period (6,150) |
2023 £ £ Fixed Assets Table tennis table 130 Vehicles 900 Fixed Assets 711 Mobile phone 105 1,846 Current assets Debtors 866 Cash in bank or hand 19,352 Current liabilities Creditors 28,214 Net current (liabilities) (7,996) (6,150) Finances by (deficit)/ surplus on activities during period (6,150) |
2022 £ £ 163 1,200 1,066 37 2,466 866 17,394 21,887 (3,627) (1,161) (1,161) |
2022 £ £ 163 1,200 1,066 37 2,466 866 17,394 21,887 (3,627) (1,161) (1,161) |
|
|---|---|---|---|---|
| 866 17,394 |
||||
(7,996) (6,150) (6,150) |
(3,627) (1,161) (1,161) |
|||
| 21,887 | ||||
Approved on behalf of the Trustees on ……………...
J Joyce
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Veterans Support Association
Notes forming part of the accounts for the year ended 31[st] December 2023
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 01/01/2023 Additions Disposals Balance c/fwd at 31/12/2023 Depreciation Balance b/fwd at 01/01/2023 Charge For the Year Disposals Balance c/fwd at 31/12/2023 Balance as at 31/12/2023 Balance as at 31/12/2022 |
£ 7,027 140 - 7,167 |
|---|---|
| 4,561 760 - 5,321 |
|
| 1,846 | |
| 2,466 |
4 Creditors
Creditors of £28,214 (2022: £21,887) comprised 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 £499.
-
Donations from other organisations and charities totalled £4,381.64.
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