## **Veterans Support Association**
**Reports and Financial Statements**
**31[st] December 2024**
## **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 2024**
**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 2024**
||**2024**|||**2023**|
|---|---|---|---|---|
||**£**|**£**|**£**|
**£**|
|**Income**|||||
|Donations||6,245||5,783|
|**Expenditure**|||||
|Insurance|299|||-|
|Motor Expenses|2,110||1,641||
|Subsistence|314|||344|
|Subscriptions|50|||103|
|Sundry|-|||222|
|Equipment for activities|1,623||7,423||
|Postage|-|||81|
|Depreciation|723|||760|
|Website|186|||95|
|Telephone|-|||20|
|Bank Charges|75|||83|
|||(5,380)||(10,772)|
|**Operating Surplus/ (deficit)**||**865**||**(4,989)**|
2
## **Veterans Support Association Statement of changes in funds for the year ended 31[st] December 2024**
|**Fund balances at 31st December 2023**
**Net movement in funds**
**Fund balances at 31st December 2024**|**Total**
**funds**
**£**
(6,150)
865
(5,285)|
|---|---|
3
## **Veterans Support Association Balance sheet as at 31[st] December 2024**
|**2024**
**£**
**£**
**Fixed Assets**
Table tennis table
98
Vehicles
600
Fixed Assets
355
Mobile phone
70
1,123
**Current assets**
Debtors
232
Cash in bank or hand
14,662
**Current liabilities**
Creditors
21,302
**Net current (liabilities)**
(6,489)
(5,285)
**Finances by (deficit)/ surplus on activities during period**
(5,285)|**2024**
**£**
**£**
**Fixed Assets**
Table tennis table
98
Vehicles
600
Fixed Assets
355
Mobile phone
70
1,123
**Current assets**
Debtors
232
Cash in bank or hand
14,662
**Current liabilities**
Creditors
21,302
**Net current (liabilities)**
(6,489)
(5,285)
**Finances by (deficit)/ surplus on activities during period**
(5,285)||**2023**
**£**
**£**
130
900
711
105
1,846
866
19,352
28,214
(7,996)
(6,150)
(6,150)|**2023**
**£**
**£**
130
900
711
105
1,846
866
19,352
28,214
(7,996)
(6,150)
(6,150)|
|---|---|---|---|---|
||||866
19,352||
||
(6,489)
(5,285)
(5,285)|||(7,996)
(6,150)
(6,150)|
||||28,214||
||||||
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 2024**
## 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 01/01/2024
Additions
Disposals
Balance c/fwd at 31/12/2024
**Depreciation**
Balance b/fwd at 01/01/2024
Charge For the Year
Disposals
Balance c/fwd at 31/12/2024
Balance as at 31/12/2024
Balance as at 31/12/2023|**£**
7,167
-
-
7,167|
|---|---|
||5,321
723
-
6,044|
||1,123|
||1,846|
## 4 **Creditors**
Creditors of £21,302 (2023: £28,214) 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 £436.50.
- Donations from other organisations and charities totalled £5,808.98.
6