**CHARITY REGISTRATION NUMBER: 1191846**
## **The Great War Group Unaudited Financial Statements 31 March 2023**
**HGCA Accounting Limited** Chartered Accountant 51 Risca Road Crosskeys Newport NP11 7BT
## **The Great War Group Financial Statements Period ended 31 March 2023**
||**Page**|
|---|---|
|Trustees' annual report|**1**|
|Independent examiner's report to the trustees|**5**|
|Statement of financial activities|**6**|
|Statement of financial position|**7**|
|Notes to the financial statements|**8**|
|Appendix 1 – Details income and expenditure|**18**|
**The Great War Group Financial Statements Period ended 31 March 2023**
## **Trustees' Annual Report**
The trustees present their report and the unaudited financial statements of the charitable incorporated organisation for the year ended 31 March 2023.
## **Reference and administrative details**
**Registered charity name** The Great War Group
**Charity registration number** 1191846 **Principal office** 6 Heath Street Rowley Regis B65 0DG **The trustees** Alexandra Churchill Andrew Lock Bethany Moore James Smithson Peter Bull Giles McNamee (Honorary Trustee as lives in the US, not a UK resident/citizen) Nicholai Eberholst (Honorary Trustee as lives in Denmark, not a UK resident/citizen) **Independent examiner** HGCA Accounting Limited 51 Risca Road Crosskeys Newport NP11 7BT
- 1 -
**The Great War Group Financial Statements Period ended 31 March 2023**
## **Trustees' Annual Report (continued)**
## **Structure, governance and management**
The Governing document is the foundation model constitution registered as of 16 October 2020.
The objects of the CIO are to advance the education of the public in the subject of The Great War by providing conferences, seminars and educational material to facilitate education and learning in the subject of the Great War.
The charity is regulated by the Charitable Incorporated Organisations (General) Regulations 2012 (‘General Regulations’) and the Charitable Incorporated Organisations (Insolvency and Dissolution) Regulations 2012 (‘Dissolution Regulations’) as well as following the framework of The Charities Act 2011.
The Great War Group was founded as a non-profit, Foundation CIO to promote education on, and commemoration of, the First World War. Our approach is wide-ranging, considering all fronts, and all nations involved in the conflict. Membership fees not only provide exclusive content and a forum on which to engage on the conflict but help to fund our charitable aims.
We are run from two residential premises as we do not have the means for an office space at this time, but this is something we would hope would be a part of our future. Members pay either an annual or monthly fee and get access to exclusive content. For those who are not members, some of our online talks we host are available online afterwards, and the journals can be purchased through our online store.
From a volunteering perspective, we do not have volunteers per se who have committed roles. Our volunteers, when they do help, are writing articles for our journal or helping run social events.
All recommended literature is downloaded from the Charities Commission website for new Trustees to read. Trustees' responsibilities and up to date information is discussed on an ongoing basis at Trustees' meetings.
## **Risks and challenges**
As most charities experience, the fundamental challenge is the ongoing, unpredictability of income streams. The Great War Groups income is derived primarily from the general public via donations as well as income from subscriptions that allow members access to the charities resources and exclusive content.
Our organization’s main challenge is our reliance on technology. Whilst we want to welcome as many people from across the world to our events, sometimes the technology prevents this from happening. For some charities, the pandemic was a real difficulty but as we set up during the COVID 19 pandemic, we adapted and developed our content to the best of our ability and with little interruption.
## **Objectives and activities**
The objectives of the charity are as shown in the Governing Instrument. The objectives briefly comprise of the following:
- To advance the education of the public in the subject of The Great War
- Provide conferences and seminars to facilitate this
- 2 -
**The Great War Group Financial Statements Period ended 31 March 2023**
## **Trustees' Annual Report (continued)**
In setting the objectives and planning the activities the Trustees have given careful consideration to the Charity Commission's general guidance on public benefit.
In order to meet the objectives of the charity, the Trustees ensure that relevant Trustees are involved who can provide the knowledge and actively promote the charity to members of the public and proactively support the charity in order to sustain its aims.
## **Activities**
During the year, the charity has continued to meet its objectives by running several events and activities. Our largest and most challenging event is our annual conference in late October. This event allows for a large number of our members (non-members are welcome too) to gather and learn more about the history of the First World War. There is also a yearly “get-away” to a site in the Western Front Battlefields, which this time was to Ypres and we will be in Mons in May 2023. We also run multiple online events including courses to help develop knowledge, social events at our ‘virtual pub’ and hosted talks by experts in their fields. We also design all our own merchandise and get that printed and sorted as well as organizing the delivery runs for the magazines and other orders.
## **Achievements and performance**
The creation of the Great War Group was quite an interesting one, and would simply have not been possible without the generosity of our founder members and those who contributed to the Crowdfunder event we ran, where we raised more money than our actual target. We have well over 600 members across the globe in every continent (except Antarctica!) and as a result, a great many new friendships have been fostered – the membership is really like a proper little family now.
## **Financial review**
The incoming resources for the year ended to 31 March 2023, from all sources, were £55,259 (previous 18 month period; total income £85,329) and consisted of income for the Annual Conference, courses, subscription income, payments for trips and sales of merchandise at both in person events and via the website.
The expenditure for the year ended 31 March 2023 was (previous 18 month period; total expenditure £75,621) £66,106. This consisted of purchasing merchandise for onward sale, printing and postage costs related to the educational material that our subscribers receive, costs of research, advertising, event running costs as well as general overheads. See appendix 1 for details.
Overall, expenditure exceeded income for the year resulting in a deficit of £10,847 (prior period; surplus of £9,708)
## **Reserves policy**
At the end of the financial period, total reserves were in deficit by £1,139 (prior period; surplus £9,708). The Trustees hold reserves according to the requirements of the charity and try to maintain a balance between holding enough funds to ensure the charity is sustainable and using the funds day to day to meet its objectives.
## **Plans for future periods**
The introduction of a yearly trip, plus not increasing the yearly subscription, despite increasing printing and especially postal charges, led to a deficit in this financial year which we are at pains not to repeat. We are being forced to increase subscription charges come September 2023 and, along with a tighter fiscal policy on events, we are confident that the next financial year will show a more positive result. We continue to strive to further our charitable aims through education; by working with schools, youth groups and similar, to teach them about the First World War.
- 3 -
**The Great War Group Financial Statements Period ended 31 March 2023**
## **Trustees' Annual Report (continued)**
## **Responsibilities of the Trustees**
The charity's trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and regulations.
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and the income and expenditure of the charity for that period.
In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and accounting estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **INDEPENDENT EXAMINER**
Miss H Gittings has been appointed as independent examiner for the ensuing year. Signed on behalf of the trustees 6 HEATH STREET ROWLEY REGIS B65 0DG
## 01/26/2024
The trustees' annual report was approved on …………………… and signed on behalf of the board of trustees by:
## Jim Smithson
…………………. Alex Churchill (Jan 26, 2024 15:21 GMT) …………………. Jim Smithson (Jan 26, 2024 15:10 GMT) Alex Churchill James Smithson
- 4 -
## **The Great War Group Financial Statements Period ended 31 March 2023**
## **Independent Examiner's Report to the Trustees of The Great War Group**
I report to the trustees on my examination of the financial statements of The Great War Group ('the charity') for the period ended 31 March 2023.
## **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.
Hannah Gittings (Jan 26, 2024 13:12 GMT)
## **Miss H Gittings Independent Examiner**
51 Risca Road Crosskeys Newport NP11 7BT
01/26/2024
- 5 -
**The Great War Group Financial Statements Period ended 31 March 2023**
## **Statement of Financial Activities**
|||||**2023**|2022|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|**Total funds**|Total funds|
|||funds|funds|||
||**Note**|£|£|**£**|£|
|**Incoming resources:**||||||
|Donations|**4**|–|–|**–**|26,243|
|Activities for generating funds|**5**|52,050|–|**52,050**|49,570|
|Other trading activities|**6**|3,209|–|**3,209**|9,516|
|**Total income**||─────|────|**─────**|─────|
|||55,259|–|**55,259**|85,329|
|**Expenditure**||═════|════|**═════**|═════|
|Expenditure on raising funds:||||||
|Costs of other trading activities|**7**|780|–|**780**|2,661|
|Expenditure on charitable activities**8,9**||65,326|–|**65,326**|72,960|
|Other expenditure||–|–|**–**|–|
|||─────|─────|**─────**|─────|
|**Total expenditure**||66,106|–|**66,106**|75,621|
|||═════|═════|**═════**|═════|
|||─────|─────|**─────**|─────|
|**Net income and net movement in**|**funds**|(10,847)|–|**(10,847)**|9,708|
|||═════|═════|**═════**|═════|
|**Reconciliation of funds**||||||
|Total funds brought forward||9,708|–|**9,708**|–|
|||─────|─────|**─────**|─────|
|**Total funds carried forward**||(1,139)|–|**(1,139)**|9,708|
|||═════|═════|**═════**|═════|
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 8 to 17 form part of these financial statements.
- 6 -
**The Great War Group Financial Statements Period ended 31 March 2023**
## **Statement of Financial Position**
## **31 March 2023**
||||**2023**
|2022|
|---|---|---|---|---|
||**Note**|**£**|**£**|£|
|**Fixed assets**|||||
|Tangible fixed assets|**14**||**1,266**|2,150|
|Intangible fixed assets|**14**||**2,069**|2,348|
|**Current assets**|||||
|Debtors|**15**|**852**||1,465|
|Stock||**2,500**||2,500|
|Cash at bank and in hand||**16,980**||24,497|
|||**─────**||─────|
|||**20,332**||28,462|
|**Creditors: amounts falling due within one year**|**16**|**24,806**||23,252|
|||─────||─────|
|**Net current assets**|||**(4,474)**|5,210|
||||**─────**|─────|
|**Total assets less current liabilities**|||**(1,139)**|9,708|
|**Creditors: amounts falling due after more than**|||||
|**one year**|||**-**|-|
|**Net assets**|||─────|─────|
||||**(1,139)**|9,708|
||||═════|═════|
|**Funds of the charity**|||||
|Restricted funds|||**-**|-|
|Unrestricted funds|||**(1,139)**|9,708|
||||**─────**|─────|
|**Total charity funds**|**19**||**(1,139)**|9,708|
||||═════|═════|
These financial statements were approved by the board of trustees and authorised for issue on …………….., and are signed on behalf of the board by: 01/26/2024
## Jim Smithson
Alex Churchill (Jan 26, 2024 15:21 GMT)
**Alex Churchill Trustee**
Jim Smithson (Jan 26, 2024 15:10 GMT)
**James Smithson Trustee**
The notes on pages 8 to 17 form part of these financial statements.
- 7 -
**The Great War Group Financial Statements Period ended 31 March 2023**
## **Notes to the Financial Statements**
## **1. General information**
The charity is a public benefit entity and a registered charitable incorporated organisation in England and Wales. The address of the principal office is 6 Heath Street, Rowley Regis, B65 0DG.
## **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**
## **Expenditure of resources**
The charity incurs very little in the way of management and administration costs, these being insurance, telephone, stationery, software, accountancy fees and legal fees.
The rest of the expenditure by the charity is charitable expenditure and includes costs associated with printed materials sent out to subscribers, event running costs, postage costs directly attributed to subscription income and costs related to research and educational material.
There has been no need to apportion any costs between charitable expenditure and management and administration costs to date. Once it becomes necessary, the charity will adopt a suitable policy.
## **Going concern**
There are no material uncertainties about the charity's ability to continue.
## **Judgements and key sources of estimation uncertainty**
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
## **Stock**
Stock is valued at the lower of cost and net realizable value.
- 8 -
**The Great War Group Financial Statements Period ended 31 March 2023**
## **Notes to the Financial Statements (continued)**
## **3. Accounting policies (continued)**
## **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.
## **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.
- 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.
- income from subscriptions is recognised in the period it relates to. Annual subscriptions are accounted for on an accruals basis and any income related to future subscriptions is deferred in order to match the income with the period it relates to. Monthly subscriptions relate to the month they are received in and recognised in that month.
- income from the sale of merchandise is recognised when the goods ordered are shipped to the customer
- income from hosting events such as conferences and seminars is recognised in the period to which the event took place
- 9 -
**The Great War Group Financial Statements Period ended 31 March 2023**
## **Notes to the Financial Statements (continued)**
## **3. Accounting policies (continued)**
## **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**
All fixed assets are initially recorded at cost. Fixed assets are not capitalised if below the value of £100.
## **Intangible assets**
All intangible assets are initially recorded at cost. Fixed assets are not capitalised if below the value of £100.
## **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:
Office equipment - 25% straight line Intangibles – website - 10% straight line **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.
- 10 -
**The Great War Group Financial Statements Period ended 31 March 2023**
## **Notes to the Financial Statements (continued)**
## **3. Accounting policies (continued)**
## **Impairment of fixed assets (continued)**
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.
## **Financial instruments**
A financial asset or a financial liability is recognised only when the entity 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, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
## **4. Donations and legacies**
|**. Donations and legacies**||||
|---|---|---|---|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2022|
||£|£|£|
|**Donations**||||
|Sundry donations|20,673|–|20,673|
|Crowdfunder|5,570|–|5,570|
||─────|─────|─────|
||26,243|–|26,243|
||══════|═════|═════|
- 11 -
## **The Great War Group Financial Statements Period ended 31 March 2023**
## **Notes to the Financial Statements (continued)**
## **5. Activities for generating funds**
||Unrestricted|**Total Funds**|Unrestricted|**Total Funds**|
|---|---|---|---|---|
||Funds|**2023**|Funds|**2022**|
||£|**£**|£|**£**|
|Annual conference|11,305|**11,305**|3,570|**3,570**|
|Courses and trips|9,676|**9,676**|6,100|**6,100**|
|Subscriptions - annual|22,475|**22,475**|27,697|**27,697**|
|Subscriptions - monthly|8,594|**8,594**|12,203|**12,203**|
||─────|**─────**|─────|**─────**|
||52,050|**52,050**|49,570|**49,570**|
||═════|**═════**|═════|**═════**|
|**6. Other trading activities**|||||
||Unrestricted|**Total Funds**|Unrestricted|**Total Funds**|
||Funds|**2023**|Funds|**2022**|
||£|**£**|£|**£**|
|Online merchandise sales|2,224|**2,224**|7,567|**7,567**|
|Merchandise sales at conferences|915|**915**|1,949|**1,949**|
|Advertising space in magazine|70|**70**|–|–|
||────|**────**|────|**────**|
||3,209|**3,209**|9,516|**9,516**|
||════|**════**|════|**════**|
## **7. Costs of other trading activities**
||Unrestricted|**Total Funds**|Unrestricted|**Total Funds**|
|---|---|---|---|---|
||Funds|**2023**|Funds|**2022**|
||£|£|£|**£**|
|Merchandise|780|**780**|2,661|**2,661**|
||────|────|────|────|
||780|**780**|2,661|**2,661**|
||════|════|════|════|
## **8. Expenditure on charitable activities by fund type**
||Unrestricted|**Total Funds**|Unrestricted|**Total Funds**|
|---|---|---|---|---|
||Funds|**2023**|Funds|**2022**|
||£|**£**|£|**£**|
|Preservation of the memory and furthering|63,526|**63,526**|70,080|**70,080**|
|research on the Great War|||||
|Support costs (legal and accounting)|1,800|**1,800**|2,880|**2,880**|
||─────|**─────**|────|**─────**|
||65,326|**65,326**|72,960|**72,960**|
||═════|**═════**|════|**═════**|
- 12 -
**The Great War Group Financial Statements Period ended 31 March 2023**
## **Notes to the Financial Statements (continued)**
## **9. Expenditure on charitable activities by activity type**
||Activities|||
|---|---|---|---|
||undertaken|Support|**Total funds**|
||directly|costs|**2023**|
||£
|£
|**£**|
|Preservation of the memory and|
63,526|–|**63,526**|
|furthering research on the Great|War|||
|Governance costs|–|1,800|**1,800**|
||─────|─────|**─────**|
||63,526|1,800|**65,326**|
||═════|═════|**═════**|
- 13 -
## **The Great War Group Financial Statements Period ended 31 March 2023**
## **Notes to the Financial Statements (continued)**
## **10. Net income**
|Net income is stated after charging/(crediting):||
|---|---|
||**2023**|
||**£**|
|Depreciation of tangible fixed assets|**1,162**|
||**═════**|
|**11. Independent examination fees**|**2023**|
||**£**|
|Fees payable to the independent examiner for:||
|Independent examination of the financial statements|**1,800**|
||**════**|
|**12. Staff costs**||
The were no employed staff during the period ended 31 March 2023
## **13. Trustee remuneration, expenses and related party transactions**
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. There were no related party transactions during the year.
- 14 -
## **The Great War Group Financial Statements Period ended 31 March 2023**
## **Notes to the Financial Statements (continued)**
## **14. Fixed assets**
||Intangible|Office||
|---|---|---|---|
||Website|equipment|**Total**|
||£|£|**£**|
|**Cost**||||
|At 1 April 2022|2,790|3,533|**6,323**|
|Additions|–|–|**–**|
|Disposals|–|–|**–**|
||────|────|**─────**|
|**At 31 March 2023**|2,790|3,533|**6,323**|
||════|════|**═════**|
|**Depreciation /**||||
|**amortisation**||||
|At 1 April 2022|442|1,383|**1,825**|
|Charge for the year|279|883|**1,162**|
|Disposals|–|–|**–**|
||────|────|**─────**|
|**At 31 March 2023**|721|2,266|**2,987**|
||════|════|**═════**|
|**Carrying**||||
|**Amount**||||
||2,069|1,266|**3,335**|
|**At 31 March 2023**||||
||════|════|**═════**|
|At 1 April 2022|2,348|2,150|**4,498**|
||════|════|**═════**|
## **15. Debtors**
|**5. Debtors**|||
|---|---|---|
||**2023**|2022|
||**£**|£|
|Trade debtors
|–|79|
|Prepayments
|**260**|432|
|Funds held in Stripe
|**592**|954|
||**───**─|────|
||**852**|1,465|
||**════**|════|
|**6. Creditors: amounts falling due within one year**|||
||**2023**|2022|
||**£**|£|
|Trade creditors
|**480**|696|
|Accruals
|**1,800**|1,800|
|Income received in advance (for events and
|**22,526**|20,756|
|subscriptions)
|**────**─|─────|
||**24,806**|23,252|
||**═════**|═════|
## **16. Creditors: amounts falling due within one year**
- 15 -
## **The Great War Group Financial Statements Period ended 31 March 2023**
## **Notes to the Financial Statements (continued)**
## **17. Pensions and other post-retirement benefits**
There were no pension contributions during the period.
## **18. Analysis of charitable funds**
## **Unrestricted funds**
At **At** 1 April 2022 Income Expenditure **31 Mar 2023** General funds £ £ £ **£** 9,708 55,259 (66,106) **(1,139)** ═════ ═════ ══════ ═════
- 16 -
## **The Great War Group Financial Statements Period ended 31 March 2023**
## **Notes to the Financial Statements (continued)**
## **19. Analysis of net assets between funds**
||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|
||Funds|Funds|**2023**|
||£|£|**£**|
|Tangible fixed assets|3,335|–|**3,335**|
|Current assets|(4,474)|–|**(4,474)**|
|Creditors greater than 1 year|–|–|**–**|
||─────|─────|**─────**|
|**Net assets**|(1,139)|–|**(1,139)**|
||═════|═════|**═════**|
- 17 -
## **The Great War Group Financial Statements Period ended 31 March 2023**
## **Appendix 1 – Details Income and Expenditure account**
||**2023**|**2023**|**2022**|**2022**|
|---|---|---|---|---|
|**Income and expenditure**|**Unrestricted**
**Funds**|**Total**
**Funds**|
**Unrestricted**
**Funds**|**Total**
**Funds**|
||**£**|**£**|**£**|**£**|
|**Incoming resources**|||||
|Annual Conference|11,305|**11,305**|3,570|**3,570**|
|Courses|9,676|**9,676**|6,100|**6,100**|
|Crowdfunder fundraising|0|**0**|5,570|**5,570**|
|Donations|0|**0**|20,673|**20,673**|
|Advertisingspace in magazine|70|**70**|0|**0**|
|Sales - Merchandise at conferences|915|**915**|1,949|**1,949**|
|Sales - Merchandise via website|2,224|**2,224**|7,567|**7,567**|
|Subscriptions - annual|22,475|**22,475**|27,697|**27,697**|
|Subscriptions - monthly|8,594|**8,594**|12,203|**12,203**|
|**Total Income**|**55,259**|**55,259**|**85,329**|**85,329**|
|**Expenditure**|||||
|Direct Expenses|847|**847**|2,446|**2,446**|
|Event runningcosts|23,246|**23,246**|1,953|**1,953**|
|Magazines, booklets & printed
material|14,743|**14,743**|18,095|**18,095**|
|Merchandise|780|**780**|2,661|**2,661**|
|Postage costs|9,975|**9,975**|13,636|**13,636**|
|Speakers/books/researchers|1,521|**1,521**|5,208|**5,208**|
|Advertising& Marketing|843|**843**|3,584|**3,584**|
|Audit & Accountancyfees|1,800|**1,800**|1,800|**1,800**|
|Consulting|0|**0**|6,000|**6,000**|
|Depreciation Expense|1,162|**1,162**|1,825|**1,825**|
|Thankyougifts|0|**0**|161|**161**|
|Fraudpayments|518|**518**|0|**0**|
|Insurance|0|**0**|144|**144**|
|IT Software and Consumables|725|**725**|2,438|**2,438**|
|Legal expenses|0|**0**|1,080|**1,080**|
|Printing& Stationery|222|**222**|1,431|**1,431**|
|Rent|3,176|**3,176**|2,703|**2,703**|
|Repairs & Maintenance|85|**85**|192|**192**|
|Stripe Fees|1,864|**1,864**|1,925|**1,925**|
|Subscriptions|358|**358**|696|**696**|
|Telephone & Internet|493|**493**|1,115|**1,115**|
|Travel - National|3,748|**3,748**|6,528|**6,528**|
|**Total Administrative Costs**|**66,106**|**66,106**|**75,621**|**75,621**|
|**Surplus/(Deficit)**|**(10,847)**|**(10,847)**|**9,708**|**9,708**|
- 18 -