EASTJU 'K 6rERN EAST DITRHAM VETERANS TRUST ANNUAL REPORT 2024 A((OIINTS
CONTENTS 2-CEO REPORT 5- MENTAL HEALTH SUPPORT 7- CASE WORKERS PROVIDING IMMEDIATE SUPPORT 9-SOCIAL INCLUSION 11-HIGHLIGHT OFTHEYEAR 12-FUNDR41SING 13-ORGANISATIONS WE HAVEWORKED WITH
CEO'S Report The lastyear has been a fantastic success for East Durham Veterans Trust where we have taken our services to the next level of support. and we are now leadingthe way for veterans. mental health care in the Northeast of England. East Durham Veterans Trustwas created to support veterans and their families with essential mental health support that is needed. East Durham Veterans Trust is now more than ever fulfilling that mission. Over the past year as well as taking referrals from doctor surgeries, social prescfibers, DWP and the police we have worked hard with the goveii)Inent Op Courage programme. Thanks to this working ielationship we are now supporting more veterans Ihan ever from across the North of England. Additionally, to this we have worked hard with the regimental associations in being able to supporttheveterans that they are already supporting. The Fusilier association for example has referred into our services on several occasions and through Ihe power of technologywe have been able to support veterans as far away as Wiltshire. The counsellingand mental health programme we are offering the veterans and their families is a first-class programme and during ihe reporting period has gained national recognition and we have seen firsthand the impact it is making on the lives of our veteians and their families. in short. this programme alone is saving lives of our veterans and their families. Through the delivery of the core services which we offeithe veterans and their families we have always had the ethos that the needs of the veterans and theirfamilies must come first and we will never discharge anyone from our setvice. always leavingthe door open forveterans and theirfamilies gettingthe help and support that they need when ever ihey need it. Through having the ethos and working with organisations that share this ethos we have been able to build lasting relationships that will benelit the veteran community. Havingtaken this ethos. it has reaped rewards for theveterans and their fal[les, and this was highlighted with East Durham Veterans Trust being a finalist in a national award. In the reporting period Easl Durham Veterans Trust was a nation81 finalist in the English Veterans Awards in the Health andWelLbeing Category. One ofthe great moments of this reporting period we have had the opportunity to work very closely with ihe Chelsea Pensioners. We had the honour ofworkingwith the outreach leam of the Chelsea Pensioners and being able to host ihe Chelsea pensioneis outside of London for the first time as pail ol the outreach progiamme. The
Chelsea Pensioners choose EDaS the first place to visit as part ofthis programme and we were honoured to be able to host them at East Durham Veter8ns Trust. The Chelsea pensioners brought alongthe Chelsea Pensioners Choii and everyone joined in a sing song as well as enjoying a buffet that was put on as partof the visitto the centre. As always. a focus that we had was towards the raising of funds for us to be able to continue to support the veterans and their families through the essential work in which we do. We have successfully done this for anolher year. and we are thrilled that we have had the support from a severalfunders. some ofwhich have supporled the work we do with multiyear grants which gives us more sustainability as an organisalion supporting the veteran's and their families. Additionally. to the support we have had from the funders who support us we also have the support otvolunteers. veterans and their families who wanted to take on fundraising activities to help fund East Durham Veterans Trust. This yearwe changed it round from having our main fundraising activity as the parachute daywe decided to change this. and we launched 8 whole new challenge which was the National Three Peaks. The national Ihree peaks saw us take on the biggest mountains in Scotland. England and Wales allwithin 8 24-hour time limit. As challenging as this was the fundraisers who took on thechallenge raised an amazing £13148 for East Durham Veterans Trust. Additionally. to this event which was our biggest of the year we also took on otherfundraisingactivities from Armed Forces Day tothe Great North Run. everyone with the same goalto raising essential funds for the benefit of veterans 8nd their f8milies. As well as the core services which we offerveterans and their families we also embarked on our second visit with aid to the Ukraine. In the early part ofthe year, we asked the local communilyto donate items and help us raise funds to be able to deliver aid to support the people otthe Ukraine. On a four-day mission to deliver the aid we embarked on a deliveryto Lublin next to the Ukraine I Poland border and before we returned home, we saw pictures of the aid we had delivered being handed out to the families of the Ukraine. Unlike Ihe first visit which saw us deliver with four vehicles this time itwas a one van deliverythat we embarked on which again proved to be a highly successfultrip. Overall, this reporting period has been anoiher excellent yea( for East Durham Veterans Trust, we have supported more veterans than ever. we have the besl counselling programme in the region that is designed solely for the use of veterans and iheir families and no one has supported
more North East veterans and their families in Ihis r8POrting period in the North East than East Durham VeteransTrust.
Core Services East Durham Veterans Trust core services that we offer to the veteran community have had another fanlastic year of supporting veterans and their families. Mental Health Counselling Services Our counselling service has had an amazingyear of supportingveterans and their families. We have seen how this has become a service ihat is leadingthe w8y ofveter8n mental health support throughout the year. We have established ourservice with op courage NHS North which has been a crucial ieferral pathway for manyveterans and their family members. The relation shipwilh op courage is gettingstronger every week that we woik together but additionally to this we have seen the importance of working alongside local doctor surgeries as well as working with Ihe social piescribers of these surgeries. 253 Service Users accessed Our Services in 2024 Since beingformed as a charitywe have seen this service glow yearon year and the results that are achieved by this service are nothing more than remarkable. We supported more veterans th8n ever in the reporting yeaiwith 253veterans and veteran's families accessing our counselling services. due to the high demand for our services we have had to add to our counselling team and in the reporting period we were delighted to add another two counsellors to our team. "Thanks to East Durham Veterans Trust I have a different outlook on life to what I had 6 months ago, I cannot thankyou enough for the help and supportyou have shown me" SeThice User March 2024 During the reporting period we have seen a much higher need for the internet and streaming equipment to reach the service users and we have seen fiist hand how this has benef itted veterans 8nd their families. Throughout the reporting period we have supported veterans and their families who are currently not residing in the UK and using teams and zoom we have been able to reach them and give them the support they need from afar. Service Users Rated our Service at 4.97 out of 5 in 2024
Within the reporting period we have seen 75% of the seNice users who aGcessed the services have achieved a significant or moderate improvement in their mental health. this is Ihe top two tiers ot a five-tier scoring system. Additionally, to this we have seen the service rated at 4.97out of 5 from the service users who accessed the services. 75% of Service Users reported a significant or moderate improvement in their mental health. Our top two Levels of a five-tier scoring system Overall, we have seen a huge demand forthe services we are offeringto theveteran community. We have seen this service continue to grow and ourfuture ambition is to continue to be able to support the community we support but 81so to continue to build relationships with organisations that have the same goals as East Durham Veterans Trust "East Durham Veterans Trust saved my life, thanknyou" Service UserAugust2024
Case Workers providing immediate support The caseworkers at East Durham Veterans Trust provide essential immediate support to the veterans and their families. The workthat East Durham Veterans Tiust case workers does relates lo the Maslow hierarchy of needs, and we base this around the bottom level the physiological needs which is the building platform for self-a¢tualiz8tion. If-actualization. ecome tle m05t Ihat oné catt Est respect. feem, stat"us, recognition, strength,.freedoiii Love frlendshlp, int belonglng.. Safety nèeds personal sKurity. e "loymenL resources, health. property Physiological needs air,water. food. shelter. sleep. clothing. reproduction The caseworkers at East Durham Veterans Trust supportveterans and their families wilh likes of food and fuel poverty, benefits, pip claims. housing. whitegoods. armed forces pension and armed forces compensation schemes to name a fewareas. Every seivice user who is referied into Easl Durham Veterans Trust that comes into our service is allocated a caseworker. as well as beingable to offer psychological support they also offer a listening ear and can offer advice and guidance to the veteians and their families. To provide the best possible support to the veterans and their families it is essential that our caseworkers build relationships with other organisations so theycan advoc8te on behalf of service users. Through the reporting period our case workers have done this wilh amazing results. We have worked alongside various organisations to provide the best possible outcome for our veterans and their families.
This part of our core services is anotherseNice that continuesto growfortheveterans and their families, our case workers are exlremely experienced and qualified in several various 8re8s. Over the coming reporting period the focus is on sustaining this level ol support to the veterans and theirfamilies and to continue making new relationships with organis81ions for the benefit of the veterans and their families.
Social Inclusion Groups Social inclusion is a key part of what we offer for veterans and their families. when 8 veieran is serving, theywork. live and socialise with one anolher. When leaving they lose this. and they end of sitting in a house starring at all four walls and we often see this as the beginning of mental illness. AT East Durham Veterans Trust. we have seen the huge benefit ofthe social inclusion groups, we have seen friendships formed and veterans who have shared experiences-this really has brought huge benefits io the veterans and their families. *4 East Durham Veterans Trust now has a solid weekly programme foi veterans and their families that offers a different activity on each day. From allotment, to walking gioups to art hubs and photography the programme is designed to provide an activityfor everyone. All the social groups that we offer are open for the veterans and the families of the veler8ns. Additionally, to the weekly social inclusion groups we have also organised several family trips through the reporting period. The family trips have provided family trips to Beamish open air museum. Blackpool illuminations and Edinburgh Christmas markets. This level of support through the social inclusion programme has provided a strong sense of belongingand wellbeingwithin the community we are supporting. Movingforward with the social inclusion programme we aim to continue providingthe level of support through our social inclusion programme and to continue to be able togrow the programme for other service members to access it and to be able lo provide
new skills to the people who are attending and accessing the groups and events which we 8re offeiing. 10
Highlight of the Year The highlight of the reporting period was most Gertainlywelcoming the Chelsea Pensioner's to East Durham Veterans Trust. The Royal Chelsea Hospital contact East Durham Veterans Trust and asked if wewould be able to visitwith the Chelsea pensioner's choir. After a visit from the Chelsea pensioner's outreach team. we agreed a date for the visit. and we held an 8mazingafternoon wilh the Chelsea Pensioners. The afternoon was blessed with a meel and greet with the Chelsea pensioners and the veterans and the veteran's families who attend the veteran's hub. followed by a buffet lunch then the entertainment begun. The Chelsea Pensioner's choii enteitained the whole of the audience with a sing song and at the same time getting the attendees involved. Following the singingfrom the Chelsea pensioners we then escorted the visitors to the localTommy statue for pictures followed byattendinga local pub which was followed by visiling local nursing homes. Once at the local nursing homes the staff and residents of the nursing homes were entertained by members of the choir. and the members of the Chelsea pensioners who were not part of the choir were up on the dance floor with Ihe residents and staff making sure everyone remembered the visit ofthe Chelsea pensioneers foryears to come.
Fundraising East Durham Veterans Trust is a veteran's charity that is now recognised around the Northeast of providing first class care to the veterans whom we support. To be able to offer the level of supportwe dowe have to compliment the grants we are awarded with essential fundraising, every penny reallydoes count at East Durham Veterans Trustto allow usto be able to oflerthe level of support that we are offeringtothe veterans and their farnilies. This yearwe held some amazing fund raising activities, from taking part in the Great North Run and the London landmarks half maraihon as well as the theme nights we hold such as Race nights and Oktoberfest. Ourfocal thisyearwas to hold a main fundraising activity. and we choose this year Ihat it would be the national three peaks challenge. The national three peaks challenge was an epic challenge for meeting at the Veterans hub and arianging for the veterans to be transported to the slait line of Ben Nevis in Scotland from there the challenge started. The team tackled Ben Nevis in amazingstyle with the sunshine beamingdown on them when they reached the top theyweie treated to snow, coming down they were transported to Scarfell Pike which they had an added challenge of completingthis through the night. With all members of the te8m coming down and completing the challenge ofscarfell we made our waylo mount Snowdon to complete the challenge. With the challenge complete we headed back to the Northeast. with all members taking on individual f undraising we were delighted to learn that this f undr8ising activity raised £13.148 for East Durham Veterans Trust. fAYtI 12
Organisations with have worked with in 2024 HADRIAN Army Benevolent Fund TRUST co op ssafa the Armed Forces charity Foundation . COMMUNITY FUND JVETERANS, FOUNDATION RY VE> karbon homes bdieve AFOS vEreRAN8 CHARITY housing GROCERS, e C.HIRITy DMWS . GREGGS DefeI• rtir FOUNDA TION the 13
CEO Sign off Signed............... Date.......... Chairman Sign Off Name.... D... O'k.¢.ryn/.A................................... Signed.......... Date ... 14
CHARITY REGISTRATION NUMBER: 1190445
East Durham Veterans Trust Unaudited Financial Statements 31 December 2024
MITCHELLS LIMITED
Chartered accountants Swallow House Parsons Road Washington Tyne & Wear NE37 1EZ
East Durham Veterans Trust
Financial Statements
Period from 1 February 2024 to 31 December 2024
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 3 |
| Statement of financial activities | 4 |
| Statement of financial position | 5 |
| Notes to the financial statements | 6 |
East Durham Veterans Trust
Trustees' Annual Report
Period from 1 February 2024 to 31 December 2024
The trustees present their report and the unaudited financial statements of the charity for the period ended 31 December 2024.
Reference and administrative details
Registered charity name
East Durham Veterans Trust
Charity registration number 1190445 Principal office Dawdon Community Centre Queen Alexandra Road Seaham County Durham SR7 7NH
The trustees
Independent examiner
Mr A Cammis CEO K J Shaw Trustee H L Jones Trustee N Rooney Trustee D McKenna Trustee G M Morris Trustee Elliott Hails ACA Mitchells Limited Swallow House Parsons Road Washington Tyne & Wear NE37 1EZ
Objectives and activities
The objects of the CIO are for the benefit of veterans of all branches of the Armed Forces and their families living in East Durham.
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The promotion of social inclusion among veterans to prevent them from becoming socially excluded and to relieve the needs of them and to help them integrate into society. For the purpose of this clause society "socially excluded" means excluded from society, or parts of society, due to mental health issues or as a result of being unable to adjust to a civilian environment.
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To relieve financial hardship.
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The relief of physical and mental sickness of persons in need by reasons of trauma such as combat post-traumatic stress disorder, addictions and isolation.
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East Durham Veterans Trust
Trustees' Annual Report (continued)
Period from 1 February 2024 to 31 December 2024
The trustees' annual report was approved on 31 October 2025 and signed on behalf of the board of trustees by:
Andrew Cammiss
Andrew Cammiss (Oct 31, 2025 11:27:28 GMT)
Mr A Cammis CEO
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East Durham Veterans Trust
Independent Examiner's Report to the Trustees of East Durham Veterans Trust
Period from 1 February 2024 to 31 December 2024
I report to the trustees on my examination of the financial statements of East Durham Veterans Trust ('the charity') for the period ended 31 December 2024.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the 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:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the financial statements do not accord with those records; or
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the financial statements 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.
E.Hails
E.Hails (Oct 31, 2025 11:46:53 GMT)
Elliott Hails ACA Mitchells Limited Independent Examiner
Swallow House Parsons Road Washington Tyne & Wear NE37 1EZ
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East Durham Veterans Trust
Statement of Financial Activities
Period from 1 February 2024 to 31 December 2024
| Period from | 1 Feb 24 to | Year to | ||
|---|---|---|---|---|
| 31 Dec 24 | 31 Jan 24 | |||
| Unrestricted | ||||
| funds | Total funds | Total funds | ||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 4 | 135,134 | 135,134 | 151,182 |
| Other trading activities | 5 | 73,397 | 73,397 | 60,198 |
| ��������� | ��������� | ��������� | ||
| Total income | 208,531 | 208,531 | 211,380 | |
| ��������� | ��������� | ��������� | ||
| Expenditure | ||||
| Expenditure on charitable activities | 6,7 | 240,794 | 240,794 | 182,349 |
| ��������� | ��������� | ��������� | ||
| Total expenditure | 240,794 | 240,794 | 182,349 | |
| ��������� | ��������� | ��������� | ||
| ��������� | ��������� | ��������� | ||
| Net (expenditure)/income and net movement in funds | (32,263) | (32,263) | 29,031 | |
| ��������� | ��������� | ��������� | ||
| Reconciliation of funds | ||||
| Total funds brought forward | 29,031 | 29,031 | – | |
| ��������� | ��������� | ��������� | ||
| Total funds carried forward | (3,232) ��������� |
(3,232) ��������� |
29,031 ��������� |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 6 to 12 form part of these financial statements.
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East Durham Veterans Trust
Statement of Financial Position
31 December 2024
| 31 Dec 24 | 31 | Jan 24 | ||||
|---|---|---|---|---|---|---|
| Note | £ | £ | £ | £ | ||
| Fixed assets | ||||||
| Tangible fixed assets | 12 | 18,056 | 24,075 | |||
| Current assets | ||||||
| Cash at bank and in hand | 779 | 4,956 | ||||
| Creditors: amounts falling due | ||||||
| within one year | 13 | 22,067 | – | |||
| �������� | ����� | �� | ||||
| Net current liabilities | (21,288) | 4,956 | ||||
| �������� | �������� | |||||
| Total assets less current liabilities | (3,232) | 29,031 | ||||
| ������� | �������� | |||||
| Net liabilities | (3,232) | 29,031 | ||||
| ������� | �������� | |||||
| Funds of the charity | ||||||
| Unrestricted funds | (3,232) | 29,031 | ||||
| ������� | �������� | |||||
| Total charity funds | 15 | (3,232) ������� |
29,031 �������� |
These financial statements were approved by the board of trustees and authorised for issue on 31 Oct 25, and are signed on behalf of the board by:
Andrew Cammiss
Andrew Cammiss (Oct 31, 2025 11:27:28 GMT)
Mr A Cammis CEO
The notes on pages 6 to 12 form part of these financial statements.
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East Durham Veterans Trust
Notes to the Financial Statements
Period from 1 February 2024 to 31 December 2024
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Dawdon Community Centre, Queen Alexandra Road, Seaham, SR7 7NH, County Durham.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
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East Durham Veterans Trust
Notes to the Financial Statements (continued)
Period from 1 February 2024 to 31 December 2024
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
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income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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legacy income is recognised when receipt is probable and entitlement is established.
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income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
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expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
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East Durham Veterans Trust
Notes to the Financial Statements (continued)
Period from 1 February 2024 to 31 December 2024
3. Accounting policies (continued)
Tangible assets (continued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles - 25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
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Notes to the Financial Statements (continued)
East Durham Veterans Trust
Period from 1 February 2024 to 31 December 2024
3. Accounting policies (continued)
Financial instruments (continued)
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
4. Donations and legacies
| Donations and legacies | ||||
|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2024 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Grants | ||||
| Albert Hunt | 5,000 | 5,000 | – | – |
| V3P Defence Medical Welfare | 7,063 | 7,063 | – | – |
| Army Benevolen fund | 10,000 | 10,000 | – | – |
| Believe Housing Li Group Grant | 918 | 918 | – | – |
| Community foundation | 10,000 | 10,000 | – | – |
| FAF Grant | 2,332 | 2,332 | – | – |
| Greggs foundation | 17,815 | 17,815 | – | – |
| Hadrian Trust | 1,000 | 1,000 | – | – |
| Grocers Charity | 5,000 | 5,000 | – | – |
| Morrisons Foundation | 3,000 | 3,000 | – | – |
| Sainsburys Neoughbourly Grant | 500 | 500 | – | – |
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East Durham Veterans Trust
Notes to the Financial Statements (continued)
Period from 1 February 2024 to 31 December 2024
4. Donations and legacies (continued)
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2024 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Grants (continued) | |||||
| Armed forces covenant force for | |||||
| change | 6,175 | 6,175 | 11,257 | 11,257 | |
| Ballinger trust | 10,000 | 10,000 | 10,000 | 10,000 | |
| Blue light foundation | – | – | 9,360 | 9,360 | |
| CDCF - Community grant | 5,000 | 5,000 | 5,500 | 5,500 | |
| CDCF - Warm hub | – | – | 1,000 | 1,000 | |
| Coalfields regeneration | – | – | 5,000 | 5,000 | |
| Durham county council (neighbourhood | |||||
| budget) | 7,840 | 7,840 | 6,000 | 6,000 | |
| East durham trust (community | |||||
| resilience) | – | – | 8,250 | 8,250 | |
| James Knott trust | – | – | 3,770 | 3,770 | |
| Asda community foundation | – | – | 2,000 | 2,000 | |
| Local giving | – | – | 500 | 500 | |
| National garden scheme (NGS) | – | – | 2,800 | 2,800 | |
| National lottery community fund | 25,645 | 25,645 | 52,595 | 52,595 | |
| North east ladies | – | – | 1,000 | 1,000 | |
| Rothley trust | – | – | 900 | 900 | |
| Sir Tom Cowie fund | – | – | 1,000 | 1,000 | |
| Tesco | – | – | 500 | 500 | |
| Veterans foundation | 17,846 | 17,846 | 29,750 | 29,750 | |
| ��������� | ��������� | ��������� | ��������� | ||
| 135,134 | 135,134 | 151,182 | 151,182 | ||
| ��������� | ��������� | ��������� | ��������� | ||
| 5. | Other trading activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2024 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Fundraising events | 73,397 | 73,397 | 60,198 | 60,198 | |
| �������� | �������� | �������� | �������� | ||
| 6. | Expenditure on charitable activities by fund type | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2024 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Fundraising expenses | 15,592 | 15,592 | 7,759 | 7,759 | |
| Support costs | 225,202 | 225,202 | 174,590 | 174,590 | |
| ��������� | ��������� | ��������� | ��������� | ||
| 240,794 | 240,794 | 182,349 | 182,349 | ||
| ��������� | ��������� | ��������� | ��������� |
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East Durham Veterans Trust
Notes to the Financial Statements (continued)
Period from 1 February 2024 to 31 December 2024
7. Expenditure on charitable activities by activity type
| Activities | ||||
|---|---|---|---|---|
| undertaken | Total funds | Total fund | ||
| directly | Support costs | 2024 | 2024 | |
| £ | £ | £ | £ | |
| Fundraising expenses | 15,592 | – | 15,592 | 7,759 |
| Administration expenses | – | 225,202 | 225,202 | 174,590 |
| �������� | ��������� | ��������� | ��������� | |
| 15,592 | 225,202 | 240,794 | 182,349 | |
| �������� | ��������� | ��������� | ��������� |
| 8. | Net (expenditure)/income | ||
|---|---|---|---|
| Net (expenditure)/income is stated after charging/(crediting): | |||
| 31 Dec 24 | 31 Jan 24 | ||
| £ | £ | ||
| Depreciation of tangible fixed assets | 6,019 | 8,025 | |
| ������� | ������� | ||
| 9. | Independent examination fees |
| Period from | ||
|---|---|---|
| 1 Feb 24 to | Year to | |
| 31 Dec 24 | 31 Jan 24 | |
| £ | £ | |
| Fees payable to the independent examiner for: | ||
| Independent examination of the financial statements | 1,560 | – |
| ������� | ���� |
10. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
| Period from | ||
|---|---|---|
| 1 Feb 24 to | Year to | |
| 31 Dec 24 | 31 Jan 24 | |
| £ | £ | |
| Wages and salaries | 143,033 | 110,077 |
| Employer contributions to pension plans | 4,820 | 8,267 |
| Other employee benefits | 495 | 2,405 |
| ��������� | ��������� | |
| 148,348 | 120,749 | |
| ��������� | ��������� |
The average head count of employees during the period was 14 (2024: 14).
No employee received employee benefits of more than £60,000 during the year (2024: Nil).
11. Trustee remuneration and expenses
No trustees received remuneration during the financial year.
- 11 -
East Durham Veterans Trust
Notes to the Financial Statements (continued)
Period from 1 February 2024 to 31 December 2024
12. Tangible fixed assets
| Motor | |
|---|---|
| vehicles | |
| £ | |
| Cost | |
| At 1 February 2024 and 31 December 2024 | 32,100 |
| �������� | |
| Depreciation | |
| At 1 February 2024 | 8,025 |
| Charge for the period | 6,019 |
| �������� | |
| At 31 December 2024 | 14,044 |
| �������� | |
| Carrying amount | |
| At 31 December 2024 | 18,056 |
| �������� | |
| At 31 January 2024 | 24,075 |
| �������� |
13. Creditors: amounts falling due within one year
| 31 Dec 24 | 31 Jan | 24 | |
|---|---|---|---|
| £ | £ | ||
| Bank loans and overdrafts | 45 | – | |
| Accruals and deferred income | 1,560 | – | |
| Social security and other taxes | 20,462 | – | |
| �������� | � | ��� | |
| 22,067 | – | ||
| �������� | � | ��� |
14. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £4,820 (2024: £8,267).
15. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||||
|---|---|---|---|---|---|---|
| At | At | |||||
| 1 | February | 20 | 31 | December | ||
| 24 | Income | Expenditure | 2024 | |||
| £ | £ | £ | £ | |||
| General funds | 29,031 | 208,531 | (240,794) | (3,232) | ||
| ����� | ��� | ��������� | ��������� | ������� | ||
| At | At | |||||
| 1 | February | 20 | 31 | January 20 | ||
| 23 | Income | Expenditure | 24 | |||
| £ | £ | £ | £ | |||
| General funds | � | – ��� |
211,380 ��������� |
(182,349) ��������� |
29,031 �������� |
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