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
fa￿l[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 ED￿aS 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
Def￿e￿I•
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. 

1. 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. 

2. To relieve financial hardship. 

3. 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. 

**- 1 -** 



## **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 

**- 2 -** 



## **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: 

1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 

2. the financial statements do not accord with those records; or 

3. 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 

**- 3 -** 



## **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)<br>���������|(3,232)<br>���������|29,031<br>���������|



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.** 

**- 4 -** 



## **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)<br>�������|||29,031<br>��������|



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.** 

**- 5 -** 



## **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. 

**- 6 -** 



## **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: 

- 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. 

- legacy income is recognised when receipt is probable and entitlement is established. 

- 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. 

- 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: 

- expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods. 

- 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. 

- 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. 

**- 7 -** 



## **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. 

**- 8 -** 



**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|–|–|



**- 9 -** 



## **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|
|||���������|���������|���������|���������|



**- 10 -** 



## **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||�|–<br>���|211,380<br>���������|(182,349)<br>���������|29,031<br>��������|



**- 12 -**