Docusign Envelope ID." D75FE619-EAC04782-950C-080465A8486E
Veterans into Logistics
Report of the Trustees and Financial Statements
for the Year Ended 31 March 2025
Charity number 1198343
Company number CE028668
VETERANS
into
LOGISTICS

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Contents
Reference and Administrative Details
Page 3
Preface and Our Aims
Page 4
Main Activities and Public Benefit
Page 5
Achievement and Performance
Page 6
Fundraising Activities
Page 7
Financial Governance & Achievements
Page 8
Achievements Against Objectives
Page 9
Inveslment Policy, Reserves and Risk Management
Pagelo
Organisation Structure, Governance and Management
Page11
Statement of Trustees, Responsibilities
Page13
Independent Examiner's Report
Page14
Financials
Page15
onwards

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Reference and Administrative Details
Trustees
Legal Advisors
D J Groves
Peninsula Group
Victoria Place
A J Ellis (resigned 31.08.24)
D G Warburlon-Broadhurst (Chair)
H J Chapman
2 Cheetham Hill Road
Irlam
Manchester
Principal Address
M4 4FB
Atrium House
Bankers
574 Manchester Road
HOLTS Military Bank
200 Fowler Avenue
Bury
Lancashire
Fowler Business Park
BL9 9SW
Empress Ward
Hampshire
GU147JP
Registered Charity Number
1198343
iknbassadors
Independent Examiners
Stuart Fitzgerald
TC Group
Park House
Anthony Sandle
Major lan Battersby
200 Drake Street
Rochdale
Lancashire
Darren Wright
John Harker MBE
OL161PJ
Serrior Management Team
Major (R'td) John Harker MBE- General Manager-
Resigned 31112025
Danielle Sinclair- General Manager- appointed
0310312025
Alan Smith - Senior Instructor & Training Advisor

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Preface and Our Aims
Preface
The trustees present their report with the financial statements of the charity for the year ended 31 March 2D25.
The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended
Praclice applicable to charities preparing their accounls in accordance with ihe Financial Reporting Slandard
applicable to Ihe UK and Republic of Ireland (FRS 1021 (effeclive 1 January 2019).
Our aims and objectives
objectives and aims
Veterans into Logistics is a non-profit organisation formed for the public benefit to provide the relief of poverty
and unemployment by supporling ex-mililary personnel and oihers.
Veterans into Logistics aims to support veterans, service leavers, individuals with convictions and any other
vulnerable people. who require assistance in gaining HGV licences and support into paid employment.
Our Mission is lo reduce unemployment and poverty, in particular. but not exclusively, within the ex-military
community, individuals with convictions, chronically unemployed or living on low income, by creating a holistic
pathway through HGV driver Iraining, into steady work within the logistics sector.
Our Strategic Aims
Partnership working that improves opportunities for veterans.
Create a roule for veterans into Ihe logistics sector.
Build a strong and sustainable org8nis8tion.
Rehabilitate ex-offender veterans to avoid and offset the risk of recidivism.
Close the skills and workforce gap in the logistics sector to benefit the efficiency of industries essential to
daily life in the UK.
Our Values
We challenge oppression and prejudice and promote diversity.
We are friendly and make everyone feel welcomed and supported.
We are inspired io find worthwhile jobs for veterans.
We are an independent voice for veterans.
We are dynamic and work with purpose to get things done and to achieve188ting impact.
Our Goals
Engage as many veterans as possible.
Train as many veterans as possible.
Find employment opportunities for as many veterans as possible.

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Main Activities and Public Benefit
Main activities
The focus of the charily is to support ex-forees personnel and veterans. who require assistance in gaining
HGV licences and facilitating them into employment. Alihough, the purposes of the charity extend ihis
support to individuals with convictions, unemployed, people on a low income (less than £18,000 per
annum), who require assistance in gaining HGV licences and support into paid employment.
How our activities deliver public benefit
As a charity, we source funds to supporl veterans and others ihrough the training required to become HGV
drivers. We have created relationships with highly regarded logistics partners that enable us to set up an
interview for employment as soon as they pass their test. This not only addresses the rates of
unemployment in the veteran community but also provides life-changing support to Iheir families,
transitioning into a meaningful and stable civilian life. Our unique approach provides mentors and buddies
for ongoing support as the veteran settles into their new career and positive future. We reduce
unemployment, addiction, homelessness, depression, and our work provides veterans with f inancial
security. a sense of purpose and meaning, and alleviates the stress sometimes associated with leaving the
military. In turn this benefits the public by reducing the burden on the benefits system, health and social
care, police and HM Prison & Probalion Service whilst reducing the skills gap across the UK logistics sector
Scale of support to veterans
Our objects and available funding influence the services we can provide in supporting ex-forces personnel
and veterans, who require assistance in gaining HGV licences and facilitating them into employment. The
number of ex-forces personnel that contact VIL for support into employmenl is estimated at some 200
300 per year however our resource currently enables us to physically train a target of l 00 per year as well
as providing support for 80 - 100 others inlo employment in the logislics arena. To enable us to Irain more
veterans nationally (Scolland, Wales, Southern England) we use reputable training companies to support
our mission by funding these companies lo do the praclical training. We do all the administration required
and then find them a job orbce they have passed their driving tesl. In addition. and lo erbable us to do more
in terms of finding job opportunities for veterans nationally, we have teamed up with The Veterans Job
Board UK which is a job site for veterans and service leavers where companies can advertise their job
opportunities and support those veterans that VIL find are harder to reach. The table further down
demonslrates our achievements in training and securing employment for ex-forces personnel and
veterans.

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Achievement and Performance
Financial Review
For the year ended 31 March 2025, Veterans into Logistics received lotal incoming resources of £872,530,
an increase from £747,153 the previous year. Key income sources included fundraising (£469,155), grants
(£238,346). donations and gift aid (£64.672) and support from the trading company (£341). Expenditure
tolalled £817,168, primarily on charitable activities (£461,964) and raising funds (£355,204), with
governance and support costs carefully controlled. The charity recorded a modest net income of £55.362
reflecting strong financial stewardship while continuing to expand its services and support for veterans.
Salesforce
An instance of Salesforce has now been fully configured and is used by ihe Charity to manage all veteran
communications. which includes scheduling theory tests, training. driving lessons and recruitment. This has
been implemented wilh enhanced security using multi-factor authenlication. Veterans into Logistics is
sincerely grateful to Salesforce for the non-prof it instance they provide to the charity for no cost.
office 365
Microsoft's cloud-based email and document collaboration platform, with multi-factor authentication is
used across Ihe charity, which increases securiiy and cyber protection, using the Microsofl non-profit
licence agreement.

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Fundraising Activities
The Patron Scheme
Annual Fundraising Events
In the year ahead. the charity
plans lo build on this success
through the delivery of annual
fundraising events supported
by corporate and business
partners. These events will
provide an additional income
stream while placing minimal
demand on slaff resources, as
organisations are actively
recruited to organise
fundraising activities on the
charitys behalf. This approach
creates efficiencies for the
charity while offering
participating organisations a
positive engagetnent
opportunity.
Asda Partnership
Asda: £37,862. Our
relationship with Asda
Logistics Services strengthens
every year. We continued to
train veterans through the
money. Along wilh their
Platinum Patronship this year
they also hosted another
Charity Ball nominating us as
the charity and raised an
additional £37,862.
The Patron Scheme with
logistics companies ihat
support the charity's mission
continues to develop positively
and is expected to grow further
in the coming year.
Parlicipating companies nol
only provide employment
opportunilies for the velerans
we Irain, bul also demonstrate
their commitment by Joining
the Patron Scheme and making
an annual financial
contribution. Income from the
scheme increased from
£40,419 to £59,950 during the
year, providing a more
predictable annual income
stream and reducing reliance
on less certain funding
sources.
His Majesty's Prison Service
The charity has been working on several schemes wilh local prisons to place ex-velerans who have been
released and through our HGV training program which it is envisaged will lead to long-lerm gainful employment.
We have implemented a scheme whereby veterans in custody can apply to undertake their HGV theory test and
medical during iheir final year in custody. This means that ihey have time to study for their Iheory test whilsl in
prison, but imtnediately upon release, providing thal they have passed the theory tesl and medical exatnination,
are able to embark upon HGV driver training. This scheme helps to reduce the risk of reoffending and a8 soon as
a veteran passes his HGV test and CPC examination. they are able to begin work in the logistics sector.
We have further supported this scheme by donating laptops to Thorn Cross open prison in Cheshire, enabling
Veterans in custody to safely access the practice modules for the theory examination.

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Financial Governance and Achievements
Financial Governance
The trustees use Holts Military Bank Bank-line functionality to support financial governance process and
procedures, lo automate financial policies. This continues to provide for the automation of the following,
but nol limited to. financial governance rules..
No-one will have full unlimited access to any account which is a violation of the segregation of duties
policy.
Only certain individuals can set-up new payees, but not be able to make payments.
Onlythe General Manager (GM) can approve payments to payees.
We will no longer operate a cheque book and use BACS to make paymenls.
Trustees will need to be informed by the bank of any transaclion more than £5,000, which will require
Trustee approval.
ALL Trustees will be able lo call the bank to discuss any account.
ALL Trustees will be able lo change the bank mandate, this will require a second trustee to approve.
ALL Trustees will be able to request changes to the account, this will require a second Trustee to
approve.
Any changes to the bank mandate will require a trustee to approve.
Company Bank card will be held by the GM in his name and can be given to employees to use, a receipt
will be required to support any bank card transaction up to a limit of £5,000.
A second Company Bank card will be held by the Lead Instructor, wilh a single transaction limit of
£130.00. a receipt will need to be provided for each transaction made using the card.
Changes to any account will require a trustee to approve.

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Achievements Against Objectives
The table below demonstrates our achievemenls in training and securing employment for the resources we have
recruited..
Activity
Target
Actual
Into Employment
No of Velerans trained
byVIL
110
142
136
No of DWPTrained
Additional Veterans
100
107
107
supported into
employment by VIL
Total
220
257
251
Principal Funding Sources
On a day-to-day basis the principal funding sources of the charity are Grants. Patron Scheme and community
fundraising. Thereafter, annually, the direclors of Veterans into Logistics Trading Ltd. Donate any profits made lo
the charity.
The Charity is reliant on grant funding. Following the lodgement to the Commission of the charity's first set of
Financial Statements. the charity has been able to apply for a wider range of grant funding from different donors
and charitable trusls.
Performance of Fundraising
The lable below demonstrates the fundraising performance against target for the financial year.
Funding lype
Target
Actual
Community Funding
£450.000
£469.155
Donations and grants
£200,000
£303,018
Patron Scheme
£40,000
£59,950
TOTAL
£690.000
£832.133

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Investment Policy) Reserves and Risk Management
Investment Policy
Aside from retaining a prudenl amount in reserves each year most of the charitys funds are to be spent in the short term so
there are few funds for long term investment. Having considered the options available, the Trustees have approved to invest
Ihe small amount of surplus ihal it has available in an inslant access savings account.
Reserves policy
We have a formal Reserves Policy which requires unrestricted funds to be equivalenl to three monihs, expendilure of ihe
charity. This is reviewed annually.
Amount of Reserves Held
Al the year ended 31 sl March 2025, the charity held £77,998 in unrestricted funds and £79,045 in reslricted funds tolalling
£157,043. The Charitys free reserves at 31 st March 2025 was £76.681.
Veterans into Logistics Trading Company Limited
Any profit from Veterans into Logistics Trading Limited will be donated to Veterans into Logistics CIO.
Thereafter:
The General Managei and Arnba5sadors have reviewed how the trading company operates and are working on a proposal
for the trustees to consider regarding the outsourcing of training.
In addition, there is a proposal undei consideration to evaluate ihe use of its dedicaled iraining site.
A review of employee and management structures has been completed.
Funds in deficit
The charity does not have any funds materially in defi¢il, nor was ihe subsidiary in defi¢ii on 31 si March 2025
Risk Management
A risk assessmeni review is Carried out annually f(>r the major risks to whi¢h the eharily Is exposed. The risk registÈr has been
updated accordingly. Where appropriale, syslems or procedures have been established to miligale ihe risks the chartty faces.
Significanl external risks lo funding have led to the development of a stralegic plan which will allow for the diversification of
fLJnding and activities. Internal control risks are minimised by the implementation of procedures for authorisation of all
transactions and projecls.
Procedures are in place to ensure Compliance with health and safety of staff, volunleeis, velerans and visitors lo ihe office.
There is a continuous improvement program in place to ensure a consistent quality of delivery for all operational aspects of
the ¢harily. These pro¢edures are periodi¢ally reviewed to ensure Ihal they ¢ontinue lo meet the needs of the charity.
plans for Future Periods
The Charity plans to continue the activities outlined above in the forthcoming years subject to satisfactory funding
arrangemenls.

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Organisation Structure, Governance and
Management
Governing document
Veterans into Logistics is a Charitable Incorporated Organisation (CIO) governed by a constitution drawn in
accordance with Charity Commission Guidance Note CC22b.
Subsidiary
The charity has a wholly owned subsidiary Veterans into Logistics Trading Ltd.. a private company {incorporated
in England and Wales) limited by shares. Veterans into Logistics charity number 1198343 is the only shareholder
of Veterans into Logistics Trading Ltd., and any profits made are donated fully to Veterans into Logistics CIO.
Recruitment and appointment of new trustees
The appointment of a new trustee is by appointment only. The charity actively seeks oul individuals to support
the interest of veterans and to be a board champion for each of the charity's key functions.
Organisational structure
Day-to-Day Operations: The running of the day-to-day operations of the Charity is delegated to the general
manager. The general manager apportions work amongst the staff of the charity and reports to the Trustees.
Decision making
The Board of Trustees has the responsibility of discharging the following matters..
Strategic
Agreement of and the approval of any changes to the Charity's Vision. Mission Statement and Values.
Review and approval of the Charitys Strategic Plans.
Review and approval of the Charity's Annual Business Plans.
Agreement of the overall Risk Appetile for the Charity.
Approval of all matters to be put to members at the AGM; and
Changes to the Constitulion.
Strurtural
Determination of the size. structure. and composition of the Board of Trustees.
Monitoring of the effectiveness of governance struclures in the Charity.

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Governance and Decision Making (continued)
Appointments and remuneration
Appointmenl and the review the performance of ihe Managing Director.
Appointmenl and review of the performance of the Trusts and Grants Consultant.
Election of the Chairperson, and the members of any sub-committees,. and
Development of the Board of Trustees Succession Plan.
Financial matters
Agreement of significant changes to Accounting Policies.
Approval of the Annual Report and Accounts.
Approval of long-term cash deposits of over £50,000; and
Approval and payment of the expenses of the Charity as it may deem necessary or expedient.
Corporate governance matters
Ensuring the Charity complies with all Legislation. Regulation. and the Charities Code of Corporate
Governance.
Delegation, monitoringy and control
The Board of Trustees is responsible for the overall governance of the charity. This includes..
Agreement of key Policies and compliance wilh them.
Conducting a formal and rigorous annual review of the Board's performance and that of individual trustees.,
monitoring the charity's performance against its objectives.
Agreeing the appointment of external accountants and their fees.
Establishmenl and approval ofTerms of Reference for sub-committees and any amendmenls to IhoseTerms
of Reference.
Receiving of reports from sub-committees.
Review the Risk Framework of the Charity.. and
Overseeing the Charitys systems of control, inspection, and report.
Other
Approving the levels of insurance cover, including trustees. and officers. liability insurance.
Authorising the execution of all legal documents and other instruments on behalf of the charity.

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Statement of Trustees, Responsibilities
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The trustees are responsible for preparing the Trustees, Annual Report and the financial statements in
accordance wilh applicable law and Uniled Kingdom Accounling Slandards (United Kingdom Generally Accepted
Accounting Practice).
The law applicable lo charities in England and Wales requires the trustees to prepare financial statements for
each financial year which give a true and fair view of the situation of the charity and of the incoming resources
and applicalion of resources, including the income and expenditure, of the charity for that period.
In preparing these financial statements, the trustees 8re required to:
select suitable accounting policies and then apply them consistently.
observe the methods and principles in the Charities Statement of Recommended Practice (SORP) (FRS 102}
make judgements and estimates Ihat 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 business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at
any lime the financial position of the charily and lo enable them to ensure that the financial slatements comply
with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust
deed. They are also responsible for safeguarding the assels of the charity and hence for taking reasonable sleps
for the prevention and detection of fraud and other irregularities.
The Irustees are responsible for the maintenance and integrity of the charity and financial information included
on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of
financial statements may differ from legislation in otherjurisdictions.
The Truslees, Annual Report has been prepared in accordance wilh the Charilies Statemenl of Recommended
Practice (SORP) (FRS 1021 and the special provisions applicable to small companies under the Companies Act
2006.
Approved by order of the board of trustees on Wednesday 28th January 2026 and signed on its behalf by..
D G Warburton-Broadhur$t
Chair. Board of Trustees
sign￿ by..
392E17DFW1444A..
13

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Independent Examiner's Report
I report to the Charity trustees on my examinalion of the accounts of Veterans Into Logistics (the Trust) for the
year ended 31 March 2025.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with
the requirements of the Charities Act 2011 ('the Act,).
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in
carrying oul my examination I have followed all applicable Directions given by the Charity Commission under
Section 145(5)(b} of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250.000 your examiner must be a member of a listed body. I can
conf irm that l am qualified to undertake the examination because l am a member of the Institute of Chartered
Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm Ihat no material matters have come to my attention in connection
with the examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the Trust as required by Section 130 of the Act.. or
2. the accounls do not accord with those records,. or
3. the accounls do not comply with the applicable requiremenls concerning the form and content of accounts
sel out in the Charilies (Accounts and Reports) Regulations 2008 other than any requirement that Ihe
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.
Vivien Hill FCA
TC Group
Park House
200 Drake Street
Rochdale
Lancashire
OL161PJ
28 January 2026
14

Docusign Envelopp ID". D76FE619-EAC04782-950C-080465A8486E
VETERANS INTO LOGISTICS
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2025
2025
Total
(unds
2024
Total
funds
Unresthcted
funds
Restricted
futtds
Notes
INCOME AND ENDOWMENTS FROM
Donations aiid legacies
649,072
20&346
857.418
740,765
Inve51inent income
O¢her income
842
14,270
842
14,270
99
4.289
Total
664,184
208,M6
872,53
745,153
EXPENDITURE OY
Raising
3SS,21)4
35S,204
407,925
Charitablc activities
Charilablc r.xpetidiiur¢
280 186
181778
298.%98
Total
63S,390
181,778
817,168
706,523
NET INCOME
28,794
2&568
55J62
38,630
RECONC.ILIATVON OF FUNDS
Toial fiindb bwu¥hi forwdrd
49,204
52,477
101,681
63,051
TOTAL FUNDS CARRIED FORWARD
157043
The notes form p3rt of these finaiicial statements

Docusign Envelopp ID". D76FE619-EAC04782-950C-080465A8486E
VETERANS INTO LOGISTICS
BALANCE SHEET
31 MARCH 2025
2025
Total
funds
2024
Total
funds
Unresthcted
funds
Restricted
futtds
Notes
FIXED ASSETS
Tangible assets
Inv¢sim¢nts
1.316
15,0
I￿516
25,489
lJ17
Is,000
16J17
25,490
CURRENT ASSETS
Stock
Debtvts
at bank and in h3nd
224
6•,231
54.352
L4
94,178
7.31)7
94,178
71
101,485
64.045
165,530
116.807
CRF.DVTORS
ATnOUllts fallinLF due withiii oiie year
124,8041
124,8(141
140,6161
NET CURRENT ASSETS
76,681
64,045
140,726
76,191
TOTAL ASSETS LESS CURREiNT LIABILITIES
77,998
79,045
147,043
NET ASSETS
157043
FUNDS
Unreslricled fund
R¢￿tricted tllnJs
77,998
49,204
TOTAL FUNDS
157 043
The financial siaiemvnts w¥re aPPTuved by the Board o( TtusieES and aulhot1s￿ fuT ISSUE un 28 Jartuary 2026 and were signed on its
behalf by..
Sign•d by..
392E17DFO81444A
D G Warburton-Broadhur8t- Trust¢¢
The notes foTm p3rt of these finaiicial statements

Docusign Envelopp ID". D76FE619-EAC04782-950C-080465A8486E
VETERANS INTO LOGISTICS
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 ￿lARCH 2025
2025
2024
Notes
CA5h tIvw5 frn]]] uperatiJ]g activitie5
C￿h generated from op¢rations
Interest paid
16,158
137,0831
56
Net cash pr()vided hyllused inl opernling activitie
16.158
37,1391
C#5h fro]J] inve51in¥ *ctivitics
Pur¢hasL of iangiblc fixcd asscis
Sale of tangible tixpd assets
Tnicrcsi Tccciv¢d
137,8201
5,462
99
Net Cash provided byllused in) investing aetivilies
842
32,2591
c.hange in cash and cash equivalents in the
reportittg period
Cash and cash equivalents at the he¥￿￿nIng of
the reporting periud
17,(H)O
{69,3981
54,352
123,750
Cash and cash equivalents at the end of the
reportlllg perlod
The notes form p3rt of these finaiicial statements

Docusign Envelopp ID". D76FE619-EAC04782-950C-080465A8486E
VETERANS INTO LOGISTICS
OTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 ￿lARCH 2025
RF.CONCVV.IATION OF NF.T VNCOMF. TO NF.T CASH FI.OW FROM OPF.RATING ACTVVITIF.S
2U25
2024
NL't InLU]ne for the reporting period (as pcr the StatemeJ]t of Financial Activities)
AdjustmeMt$ for:
DepiEciatioii charges
Loss on disposal of fixed assets
nlerest received
Inierest paid
Decrease in %tocks
Increase in debtors
Dec￿ase in creditOTS
55,362
38,630
9,173
9.173
6,702
1991
56
1.496
134,7821
58.259
18421
224
131,9471
15,812
Net cash provided byllused in} operations
37.0831
AP4AV.VSIS OF CASH AND CASH F.QUIVALF.NTS
2025
2024
Cash in hand
Notic¢ deposits (less than 3 monihsl
402
70,950
403
53,949
Total cash gnd ¢￿h ¢qu1I'al￿ts
ANALYSIS OF CHANGES IN NET FUNDS
Al 1.4.24
Cash floiv
At31J.25
Net eash
C&sh at bank and in hand
54,352
17,11011
71,352
S4,352
17,000
71,352
T(ktal
The notes form p3rt of these finaiicial statements

Docusign Envelopp ID". D76FE619-EAC04782-950C-080465A8486E
VETERANS INTO LOGISTICS
NOTES TO THE FINANCIAL sTATEME￿Ts
FOR THE YEAR ENDED 31 MARCH 2025
ACCOUNTING POI.VCIF.S
Basi5 of preparlng the flnanclal statements
The financial staternents of the cliarily. which is a piiblic benefit entity ullder TrRS 102. have been prepared in accordance with
the Charities SORP IFRS 1021 'AccountJng and Reponing by Charities.. Stat¢m¢nt of Recommendtd Practice applicable to
charities preparing theii- accounts iii accoi-dance willi the Financial Reporting Standard applicable iii the UK and Republic of
Ireland IFRS 1021 leff¢ciiv¢ l January 2019),. Financial R¢poriing Slandard 102 'The Financial Reporting Standard applicabl¢ in
Ilie UK and Republic of Ireland, and the CliaTilies ALt 2011. The financial slaleinents have been prepared under Ilie historical cost
Conveniion. wilh th¢ excepiion of inN'¢slttients ￿'hICh ar¢ 1nclud¢d ai market value.
Th¢ trustccs ¢ons1dcr thai Ihwc arc no maicr1al unccria1n11¢s about thc charity's ab11iry to coniinuc as a going con¢cm.
Critical a¢countillg judgements kei. soyrees of estimation uneertainty
In the process of applying the enliry's accoiinling policies maiiageiiienl liave not rnade any jiidgenienls that woiild have a
significant Cffcct On thc amounts r¢cogniscd in thc financial siaicmcnis. No tstimatitsns hav¢ b¢cn madc that would hai'¢ a
significant tisk of causing a inateTial adjuslinenl to the catrying aillLTrunl& of assets. and liabilities within the next fiiiancial yeaT.
lllcornc
All incomc is rc¢og￿nised In thc Siai¢mcni of Financial Aciivitics once ihc charity has entitlcmcni to thc fvnds, it is pts)bablc ihat
the income will be received and the amouiit can be measuTed reliably.
Expenditure
Liabililics ar¢ r¢¢ogniscd as cxpcnditurc as soon as thcre Is a Icgal or consiruetive obligation committing thc chatity 10 that
expendilui'e. it 1£ probable that a Iransler of economic benefits ￿111 be required in fietlleinent aiid the amount of the obligation can
bc M¢￿￿r¢d rcliably. Exp¢nditur¢ is aceounicd for on an accruals basis and has bccn classificd under hcadings thai aggrcgatc all
cost T¢lal¢d to the ¢3t¢gory. Where costs ¢3nnot be dir¢dly attnbuted to particular h¢adings they have b¢¢n allo¢al¢d to activities
on a basis eon&i51enl wilh the use of resouT¢es.
Tanglble fixed asset5
Depi-eciation is provided al the following annual rates in ordei- lo wite off each asset over its eslim£11ed useful life.
Plant and machinery
Moior v¢hiLIcs
Coinputer equipinent
33/0 on cost
250/b on r¢du¢ing balance
20O/y on cost
Stocks
Stocks arc valucd ai Ihc low¢r of cost and nci rcalisablc valuc. after making Juc allowancc for obsolci¢ and slow moving ii¢ms.
Taxatlo
The charity is exempl frnill t￿ on ils charitable activities.
Fund accounting
Unreslricled fund5 can be used in accordance with the charitable vbjectives al the discrelion of the Iru8lees.
Reslriuled funds Lan LTrnly be used fuT partiLuldr t#slriLled purpose￿ within the LTrbjeLls vf Iht bharily. R¢slriLlions wlign
pecified by the donor or when fi]n&£ are Tal.4ed for particulaT Te£tricted purpo4￿.
Further explanation ot'lh¢ natur¢ and puws¢ of each fund Is included in the notes lo the financial slalem¢nLs.
Fillancial instruments
Debiurs
Ti'ade and olh¢r debtors are recognistd at the selllement ainount du¢ 3ft¢r any trade discount off¢red. Pr¢payin¢nls 3r¢ value4J al
IhE atnuunl prepuid nel uf any trade diswullts dug.
al bank and in hand
Cash al baiik and in hand includes cash and short term highly liquid Inv¢strn¢nis with a short maiurlty of ihr¢¢ months or less
from th¢ dai¢ of acquisition or o￿ning of th¢ dLyosit or similar #¢¢ourtt.
c￿lt0T& and
ovision

Docusign Envelopp ID". D76FE619-EAC04782-950C-080465A8486E
VETERANS INTO LOGISTICS
NOTES TO THE FINANCIAL STATEMENTS- tontithued
FOR THE YEAR ENDED 31 MARCH 2025
ACCOUNTING POI.VCIF.S- eontinued
FlnancSal instruments
Creditors and prO￿.1510￿S are recognised where the chatity has a ptesenl obligation iEsuliiiig from a past event that will probably
result in the trgnsf¢r of funds to a ihird pany and the amouni due to settl¢ the obligaiion can be measured or ¢siimai¢d reliably.
Creditors and proTrisions are nonnally recognised at their settlement ainollnl after allowing foT any trade discoiints due.
DONATIONS AND LEGACIES
2025
2024
Donaiions
Gifi aid
Donation from Veterans Into Logistics Trading Litnited
(i17lit
Commiinity fundraising
Patron S¢h¢in¢
Sportsorship events
58,874
5,7Y8
341
2321.346
469,155
59.950
24,954
58,655
42,898
138,0(12
460,791
40.419
857,418
740.765
Grants r¢¢eiiied, included in th¢ aboN¢, gr¢ as follows..
2025
2024
Gr¢ai¢r Man¢h¢si¢r High Sh¢nffs Polic¢ Trusi
The PvslLude NeightM)UthuLNI Trust
LAndsec Futures C.onimuniry Grani
Th¢ Barber Chavct Trust
The Veteranfi Foundation Ealary fjrnnl
The Worship￿] Cunipany of WeaveTS
A r¢slrict¢d dongtion troin an individual
The All Am)s VelerJns MuluiLycle Club
D¢s1gnat¢d Yorkshire Fund1ng
The Lollon Industry Wai MemoTial Trust
Thc C.hariry Scrvicc
East Midlands Region
H¢ywood Township Fund
The VeteTans FoundatiDn- Capital
The SLr¢wfix Foundaiitsn
Armed Forces Coienanl TrLisI Flind
King c.harles ITT Charitable Fund
The Iiiman Lharily
Togcihcr Charirablc Foundation
The Hedle}' Foundation
Th¢ fJrap¢rs' Chgriiabl¢ Fund
The Cfface Ttu%l
S¢d¢ll-Co111ngs Founda110n
Garfield Weston F'oiiiidalion
The V¢itrgns' Foundation Major Grant
The Veterans, Foulldaiian %t3ndard lJr3nl
Ford Bri&in Trust Fiind
2,500
25,(KlO
2.¢YJO
15,(XlO
20.￿0
14,176
6,iYJO
,500
3.364
lo,(￿0
2.997
I,￿0
2.876
30,000
4.089
Is,000
20.000
iu.000
2,991
33,561
2.5UO
7,701
3.051
1.5,000
3.051
10,000
21).UU
2Y.g11
23¥.346
138.OU2

Docusign Envelopp ID". D76FE619-EAC04782-950C-080465A8486E
VETERANS INTO LOGISTICS
NOTES TO THE FIi%ANCIAL STATEP+qENTS- Continued
FOR THE YEAR ENDED 31 NIARCH 2025
INVESTMENT IYCOME
2025
2024
Deposit account illterest
842
99
RAISING FUNDS
Raising donations and legacies
2025
2024
Staff costs
Con)munily funding collcciions
Fundrai8illg cost
Markeiing and websi
Consultancy
Tr#vclling cxpcnscs
35,727
345,768
6,057
14,877
5.496
4.5111
4,777
29,467
2,865
J5S2O4
407,925
CHARITABLE ACTIVITIES COSTS
Direct
Cosis {scc
note 61
Support
cosis Isce
note 71
Totals
Charitsble Expenditure
15.034
DIRECT COSTS OF CHARITABLE ACTIVITIES
2025
2024
Staff Lusts
RenL swvice chargts and insurance
Teleplione
Postag¢ and siation¢ry
gundiies
Training costs
MotOT eX￿liSeS
Repairs and renewals
Menibersliip and %ub%criplions
Trav¢1 ¢xp¢nses
Depreciation
Loss on salc of assets
200,271
6,162
,012
224
7¥3
184,776
39.953
2,164
260
2,152
9.173
97,112
178
780
163.069
.495
578
3.489
9,173
6.702
44&93
282.585

Docusign Envelopp ID". D76FE619-EAC04782-950C-080465A8486E
VETERANS INTO LOGISTICS
NOTES TO THE FINANCIAL sTATE￿IENTS- £o]Jtinued
FOR THE YEAR ENDED 31 MARCH 2025
SUPPORT COSTS
(iovemance
costs
Finance
Tothls
Charitsble Exp¢ndiwr¢
2,924
12,110
15,034
TRUSTEES, REf*iuNERATION AND BENEFITS
Thue We￿ no Itustees, Temuneraiivn or Uth￿ b¢nvfilS fvr the year endvd 31 March 2025 nvr fur Ihv y¥arended 31 Marih 2024.
Trustees, exptnses
TheTe weTe no ttustee ineeting expenses in the yeai1£180- 20241.
STAFF COSTS
During Ilie yeaT elided 31 March 2025 the average niimber of staff wa5 812024- 41.
No einployees received emoluments ill excess of L6U,00012024- None).
The tutal salaties paid to key inanagen]ent personnel in the yeai £68,06712024- £89,761).
COMPARATIVES FOR THE STATEMEIYT OF FINANCIAL ACTIVITIES
Unrestricied
funds
Resirici¢d
funds
Tora]
fiinds
INCOME AND ENDOM'MENTS FROM
Donations and l¢gacics
644,764
96.001
740,765
InNcgtmLni itteome
Other income
99
4.289
99
Totsl
649 152
745 153
EXPENDITUREON
Raising fiinds
407,925
407,925
Charlt*ble *etlvlties
Chai'itable Expenditure
199.493
99.105
298,59
Total
607.418
99.105
706,523
NET INCOMEIIEXPENDITURE
41,734
13.1041
3R,630
RECOjCILIATION OF FUNDS
Total funds brought forward
7,470
55,581
63,051
TOTAL FUNDS CARRIED FORWARD
49.21)4
52.477

Docusign Envelopp ID". D76FE619-EAC04782-950C-080465A8486E
VETERANS INTO LOGISTICS
NOTES TO THE FINANCIAL STATEMENTS- tontithued
FOR THE YEAR ENDED 31 MARCH 2025
TANGIIII.F. FIXF.D ASSF.TS
Plant and
ma¢hinLry
Motor
vLhi¢lcs
ComputeT
equ1pm¢nt
Totals
COST
At l April 2024 and 31 M3Tch 2025
311.0110
36.270
DEPRECIATION
At l April 2024
Charge for year
2,1)94
.047
7,500
,187
626
10,781
9.173
At 31 March 2025
3,141
15,000
19,954
NET BOOKVALUE
At 31 March 2025
16
At 31 March 2024
1.048
2?.500
25.489
12.
FIXED ASSET IWESTMENTS
Sh3r¢s in
group
undertakings
MARKET VALUE
At l April 2024 and 31 MaT¢h 2025
NET BOOK V.4LUE
At 31 March 2025
At.31 March 2024
ThcrL wcrc no Inlcstmcni ag￿ts outsidc thL UK. Thc inv¢simcnt rclatcs to thc sharc eapiu81 of thc trading subsidiary VLtcrdns
Into Logi%lic8 Trading Ltd.
13.
STOCKS
2024
Siobks
224
14.
DEBTORS.. AMOUN'IS Tr ALLING Dub WITHIN YEAR
2024
Trdde dcbtors
l)ther debtors
51,792
10,791
29,572
2.1123
32,781
VAT
27,117
Prepayments and accrned income

Docusign Envelopp ID". D76FE619-EAC04782-950C-080465A8486E
VETERANS INTO LOGISTICS
NOTES TO THE FIi%ANCIAL STATEP+qENTS- continued
FOR THE YEAR ENDED 31 ￿lARCH 2025
15.
CREDITORS: AMOUNTS FALLING DUEWITHINONE YEAR
2025
2024
Trad¢ creditors
Taxation and social security
Other creditors
13,664
740
19,545
,045
24
40.616
16.
MOVFMF.NT IN FUNDS
Nei
mov¢meni
in funds
At
31.3.25
At 1.4.24
Uthrestritted funds
Gcncral fvnd
49,204
28,794
77,998
Restricted funds
ASDA LoLTlStics SeTVites
Cab1n¢t Off1C¢
Greater Maiiche%leT High Sheriffs Police T￿st
ThL Vcicrans Foundaiion Salary Grani
A reslricled donation fiDm ali individual
Degigtrnaied YtsTkshire Funding
The C.ottoii Industry War Memorial Trust
ThL Charily Scrvie
The VeteTan% Foundation- Capital GT3nt
Thc Scr¢wf1¥ Fouttda110n
Eg%t Midlaiid£ Reoion
HLyivood To¥vnship Fund
The Iiinian Charity
Arm¢d Forces Covenant TNst Fund
Tageilier Chai'ilable Foundation
Se41ell-Collings Foundaiion
Th¢ Grace Trust
Garfi¢lcl W¢stsJn Fuundalivn
Thc Hcdlcy Foundation
Kin¥ Charles III ch￿ilable Fund
Ford Tlritain Trust
The Molo Poundation
1,968
11,968)
373
11,665
2.949
313
4.874
12
22.500
2,593
1,000
2,876
2,50
3,492
11.799)
2,873
,150
313
5,509
2,991
15,0110
635
2,979
17,500)
12,593)
1,000
305
2 J59
3,618
7,247
10,000
19
2J32
3,051
4,500
12,571)
2,359
3,618
7.247
10,000
2J32
3,051
,1.12
489
489
79.045
TOTAL FUNDS
101681
1.57 04.3

Docusign Envelopp ID". D76FE619-EAC04782-950C-080465A8486E
VETERANS INTO LOGISTICS
NOTES TO THE FI￿ ANCIAL STATEMENTS- Cnntinued
FOR THE YEAR ENDED 31 NIARCH 2025
16.
MOVEMENT IN FUNDS- tontinuLMI
Nci mov¢m¢ni in funds, includ¢d in Ihc abovc arL as (ollowts".
Incoming
r¢sourc¢s
Resources
exp¢nd¢d
Movement
In funds
Unregtrieted funds
Genei-al fund
664,183
163SJ89)
28,794
Restricted futhd5
Asf)A l_Ob)isiics Scrbiccs
Cabinet Office
Greater Manchester Hi¥h Sheriffs PvliLe Tru￿1
Th¢ Vetergns Fouiidation Salary Gr￿n1
A rLb1ric￿'d dvn#iion rtom art IndiNidual
The Colloii Industry War Memorial Tru4t
The Charity Service
The Veterans Fnundation- Capital Cirant
The S¢rewfix Foundaiion
I1¢Y￿.90d T0Th￿Ship Fund
The Iiimaii Charity
Arm¢d Forces Covenant Trust Fund
Together Charitable Foliiidalion
Scdcll-collings Foundaiion
The (trace Trufit
Garf1cld W¢S￿n Foundaiion
The Hedley Foundation
King Charles III Charitsblt Fund
ord Britsin Trust
The Mvlu FLTrundation
Tlie Veterans, Foundaiion M3Jor Cjralll
The VeieTans' Foundaiion Standard GTant
11,968)
11 J54)
11,968}
11,354}
2,500
3,492
11,799}
635
2,979
I7,5￿)
12,593}
12.571}
2 J59
3,618
7,247
2,500
20,000
{16,51b8)
11,799)
19J65)
112)
17,5110)
12,593)
12.571)
{141)
{29,943)
{455)
2,991
2,500
33,561
7,702
10,000
3.051
20,000
3,051
5,000
2,500
3,051
52.53
13.032)
(17,668)
19
2J32
3,051
4500
1,132
489
{500)
IlJ68)
12,562)
{52,S.30)
208.347
181.779
26.56
TOTAL FUNDS
872 530
817 168
55

Docusign Envelopp ID". D76FE619-EAC04782-950C-080465A8486E
VETERANS INTO LOGISTICS
NOTES TO THE fIi%ANCIAL STATEMENTS- cnntinued
FOR THE YEAR ENDED 31 MARCH 2025
17.
MOVEMENT IN FUNDS- tontinued
Comparitlves for movement In funds
Net
movcmcni
in funds
At
31.3.24
At 1.4.23
Uthre¥triLted funds
G¢nera] fund
7,470
41,734
492(H
Re5trleied funds
A8DA Logi4ti¢% Servi¢¢s
RvLhdale ALtiLTrn Tu¥ethei
C.abin¢t Offic¢
Tiusiee ¥ranl
Ring of Red M60
Greatei Mancheslei High Shetiffs Police Trust
ABF, Thc SoldiLrs C.hariiy
Designated North West bunding
The V¢i¢rans Foundaiion Salary Grant
A reslricled donation fl￿M ali individual
DLsignatLd Yorkshirc Funding
The Qollon liidustry War Memorial Trust
Thc C.hariry Scrvicc
Th¢ V¢t¢rgns FouiidJtion- Capital Gra]]t
The SLrewfix Foundation
East Midlands Region
Heywvud Tol￿ship Fund
31,283
soo
1,354
3,598
2.374
628
14,678
1,166
129,3151
15001
1,968
1,354
13,5981
12.3741
1255)
114,6781
373
11,665
2,949
313
4,g74
11,665
2.949
4,874
22.500
2,593
1.000
2,876
22,500
2,593
1,000
2,876
55,581
3,104
52,477
TOTAL FUNDS
101,681

Docusign Envelopp ID". D76FE619-EAC04782-950C-080465A8486E
VETERANS INTO LOGISTICS
NOTES TO THE FINANCIAL sTATE￿IENTS- continued
FOR THE YEAR ENDED 31 MARCH 2025
17.
molfF.￿lF.NT IN FUNV)S- tontillue41
Comparaiive nci movcmcni ln fvnds, lnclud￿j in th¢ atK)vc arc as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted fu]Jd5
General fvnd
649,152
{607,4181
41.734
Restricted funds
ASDA Logistics Services
Rochdale Action Together
Tru.£tee grant
Ring of Rid M60
(ii'¢al¢r M7￿ nch¢sl¢r Iligh Sheriffs Police Trust
ABF, The Soldiers Charily
D¢signat¢d Nortli West Funding
Th¢ Velerdns Fvunddlivn Sdldr). Grant
The Worshipfiil Coinpany of Weaver
A rcsiriLILd dottaiion from an Individual
Th¢ All Arms Veterans Mntorcy¢l¢ c.lub
Designated YUTkShi￿ Funding
The Colloii Industry War Memorial Tru41
The Charily Serviee
Th¢ V¢t¢rgns Fouiidation- C3Pltal Grant
The SLrewfix FuunddliL)n
East Midlands Region
HLyivood TON￿ship Fund
12Y,3151
1500)
13.5981
12,3741
12551
114.6781
12gl,3151
151YJI
{3.59111
{2,3741
12551
114.6781
20,000
14.176
6,000
1.500
3,364
i(J,ooo
18,3351
1,665
13,0511
2,949
13,0511
313
4.X74
12
22,5(
2,593
I,oon
2,876
12,9851
17,5001
30,000
4,088
I,ooo
2,876
96,001
199,105
3,1041
TOTAL FUNDS
745 153
706 5231
18.
RELATED PARTY DISCLOSURES
Veterang Into Lkn igiics Tradin
Limited
Veterans Into Logistics CIO own lo￿10 of the shar¢ capital of Vet¢rgns Into Logistics Trading Litnit¢d.
There were jDint Contract￿ of emplnyinent. and joint administrative and knDk keeping shared betrween Veterans into LDgi4tic
Tradi￿¥ Limited and Veterans i￿r0 LvgistiLs CIO.
Donations ioialling £341 ivere included in Ehe CIO accounts for the year ended 31 March 2025 fmm Veterans into Logistics
T17diiig Lid12024 £42,%981- At 31 March 2025 £9,343 due frorn Veterans Iiito Logi.Etic￿ Tradiiig Ltd12024 - Creditor
£3,693). and an anioiinl in Trdde CTeditOTS of £13.274.
Major D GToves is a Irusiee ofveierans inits Ltsgistic$ CIO and a ditecioT ofveietans inio Lagisiies Tradiiig L￿.
Mr D Wright is an ainbdssadvr and an emplL)yee uf Veterans into Lvgistibs cro, and also a dite¥loT vf Veterans into Lu¥itsliLS
Trading Limited
Ti?ining costs of 11 I I,(h57 were charged to Veterans into Logi%lic£ CIO by Veterans into Logistics Trading Limited during the
year.

Docusign Envelopp ID". D76FE619-EAC04782-950C-080465A8486E
VETERANS INTO LOGISTICS
NOTES TO THE FINANCIAL sTATE￿IENTS- tontithued
FOR THE YEAR ENDED 31 MARCH 2025
19.
RF.STRVCTF.V) FUNDS
Asda Lo
isii¢s Scrvices
The charity was aM'arded £40.(￿0 lo train 10 people who approached us to be HGV dtivers. Subseqiiently. the charity deterniined
to only draiv down th¢ orant to trgin v¢t¢rans.
Rochdale Aciion To
¢iher
Tliis grant av¥arded lo help veteTans and undeTprivileged local people gain a HGV licence.
Cabinet Otyice Giant
Th1S b>rani was awardcd by thc M1n1Stcr ol Siatc for E4mploymeni cnabling thc chariiy to cmploy two driving instwcltsrs and
adiniiiislralive niana¥er in the peTiod M£7￿h 2022 to March 2023
Trustee Grant
Originally granicd 10 ¢nabl¢ Ihc eharity to housc thosc s¢ud¢nis not from thc norlhwcst in hotcls., during ihc y¢ar Ihc restrictions
on Ilie donation ha￿e been widened.
Rin
of Red M60
Funds wcrc donaicd and used 10 train vcicrans 10 bc HGV dtivcr8
The Greater Manch¢st¢r Hi
h SlJ¢riffs Trusi
The tirat]I was issued Inr the purchase al. Hi-viz clothiJ]g £750, Learner Plates £22.50 with the balance nf the 15,0IIU ID È< used
lo pay t¢st fLcs.
B¢nLvolcnt Fund Thc Soldicrs Chant
Th¢ charity was awarded a grant from ABF Tli¢ Soldiers, Charity to fvnd specific Anny only veteralls, training ¢QSLS. During
Ihe year end M#r¢h 2024. Ihe bharily reapplied 10 use unspent (unds Ishort three months lime5￿Le] 10 train furihei veterans.
This request acceded to.
In Augusi 2023 thc charity was aW￿d￿d a grant of £40,0￿ eoniributtijg towards Ihc wag¢s of a training advisor ovcr two ycars.
120,1100 per annum.
Tlie Velenans Foiuidalioii- C
Veterans inlo Logistics received a grant of £30.(M)O from the Vererans Foundarion 10 be put I0￿,￿rdS the purchase of a Iniek. The
chaiity appioaclied Volvo UK who agreed to sell not oiie but three tractor unit%..t￿Ck￿ lo the charity al Signific￿ltlY discounted
priccs. Thus. cnablinB￿ th¢ charity io pul Ihc rcmaindcr of thc grant I0￿.ar￿S thc WrappinB￿ of thc tracior units, a purchased trailer
and tiailets donated by Asda Logistical SeTvices and Tesco.
Restricted donation from an individual
Sin¢¢ bL¢oming awarc of Ihe ehariry and lis prLxl¢ccssor Vcicrans into Logistics CIC, Provided funds for th¢ training of vctcrans
3nd provision of equipn￿￿I.
Tlie ScTewfix Foundatio
Th¢ Scrlwfix Foundaiion fundcd th¢ purchasc and fiiiing of a n¢w kiichcn for thc prcmiscs thc Charity rcnis.
The Veterans Pdihwa
loEm
ment
In 2025 th¢ chai'ily aimed to supwrt 150 vet¢rgns with fully funded HGV driver training and then Into employment by seeking
rcstriLtL¥I and UllTeStriLtcd gani funding, and ineotne from th¢ PatTOn s¢hcm¢ rLf¥￿ed to In thL TrusteLs Rbwort.
To this end, the ¢haTIty Teceived restricted ￿lld$ frotn the following".
The c.otton Industry War M¢inorial Trust
Th¥ Charily Servile
Armed Foi'ce.£ Covenant Tru4t Fund
The IninJn ChJiily
Together Ch3ritabl¢ Foundation
Hcdl¢y Foundation
Tbe (irace TrLl£t
fjgrlield Il'eston Foundatioll
Th¥ V¥lernn$ Fvundaiiort

Docusign Envelopp ID." D75FE619-EAC04782-950C-080465A8486E
VETERANS INT() LOGI%TIC
N(YfES TO THE FINANCIAL STATEMENTS- tonrlnued
FOR THE YEAR ENDED 31 MARCH 2025
19.
RESTRICTED FUNDS- contlnued
Community fiindTai&ing East Midlands Itiiigfencedl
Community Fundraising Yorksh1re Iringfencedl
On occasion the manag¢in¢nt of the retailer where Veterans into Logistics collect donations ask that the amount donat¢d b¢
restricted to their particular area of the country. To this eiid, L3,364 w￿S restricted lo Itaill veletans in YoikshiTe and £1,000 WDS
rcstricicd to Irain vctcrans In th¢ East Nqidlands
Kin
Charles 111 Charitsble Fund
This granl ivas awarded 10 provide SLJPPOrt to a HGV driving Insiructor.