REGISTERED CHARITY NUMBER.. 220176 Report of tho Trustees and Financlal Statements for the Year Ended 28 February 2025 Derby & Derbyshirè Disabled Soldiers Settlem•nt Boume & Co. Chartered Accountants 47a Queen Street Derby Derbyshire DE13DE
Derby & Derbyshlre Disabled Soldlers Sottlement Cont•rts of thè Flnanclal Statements for the Y¢ar Ended 28 February 2025 Pagtr Reference and Administrative Details Report of the Trustees Independent Examlnerfs Rgport Statement of Financial Activities Balan¢* Sheet Notss to thè Flnanclal Ststèm•nts 7 to 11 Dtts41ed Staternent of Financial Activities 12
D¥rby & Derbyshire Disablèd Soldiers Settlement Reference and Administratlve Details for the Year Ended 28 February 2025 TRUSTEES Mrs S F Fletcher Mr P Skawskn" IiesKJned 5.11.2024} Mrm Kmadin Mr P Hill (resigned 15.7.20251 Mi A C Hall (resigned 6.6.20251 Mrs D A Hill lappoinled 20.4.2024} (resigned 3.7.20251 Mrs M J Madin18ppoinled 8.7.20251 Mr J Slafford (appointed 21.2.20251 Ms K Fennelly lappointed 21.10.20251 Mr R N Eales lappointed 21.10.20251 Ll Col WA Common (appointed 21.10.20251 PRINCIPAL ADDRESS 6 Derby Road Belper Derbyshire DE56 1UU REGISTERED CHARITY NUMBER 220176 INDEPENDENT EXAMINER Boume & Co. Chartered Accountants 47a Queen Streèt Oerby Derbyshire DE13DE Pag8 1
Drby & Derbyshlra Dlsabled Soldleys S8tdem&nt Report of the Trustees for the Year Ended 28 February 202S The trustees present their report with the finanaal statements ol the charity for the year ended 28 February 2025. The tfustees have adopted the provisions of Accounting and Reporting by Charits'es.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 (effective 1 Janlfrary 20191. OBJECTIVES AND ACTIVlnES Objectives and aims To apply in relieving either generally or individually disatAed ex-servicernen bc(n In the Ctsunty of Dèrbyshire or resident therein and their dependants who are in conditions of need, hardship or distress by making grants of money or pioviding or payin9 for item5, SerVK$ or facilities calculaled to reduce the need for haTdship or distress of such petsons. Public benefit In order to retain ils sla¢us as a Charity r¢cognised by law, the Trustees are required to ensure that Ihe public is benefitted by the fUlIment ol the objectives ol the Charity. The Trustees confirm that they have had due regard to guidance published by the Charity Commission on public benefit and believe that the activities refeTred to in the report are of significant benefit to the public. Grarthaking The trustees may pay for such items, seFvice5 or facilities by way ol donations or 5ub5CriPtions to instilutions or organisalions which provide Of which urKlertake in turn lo provSde such items. ServIS or laalities for such persons. ACHIEVEMENTS AND PERFORMANCE Charitable activities During Ihe y¢ar It Charity Ix)nlinu¢d lo maintain properbes at the War Memorial Village, Derby. Grants We made in the year lotslling £13,074, being £S,OLK) each to Me and Dee and Derbyshire Royal British Legion, £2,874 to SSAFA Derbyshire an¢J £200 to Individuals. InveBtment perfonnance During the year. Ihe trustees con'nUed lo monitor the investment performance of fun(t5 deposited with CCLA COIF Charity Funds and M&G Charits. FINANCIAL REVIEW ReseNes poliey The Trustees are required under the terms of the Scheme lo hold sufficient reserves in order that they can defray out of the inrx)rne of the Charity the cost of tnaintaining, Tepairing and insuring the propety of the Charty and all other outgoings payable in respd Ih8rèof and thè proper costs. Charges and expenses ol and incidental lo the adminislralion and management ol the Chaiity, and they may also establish and mainlain reserve funds for the purpose of the cyclical repair and maintenance, and of the extraordinary repair, improvement or rebuilding. of any of Ihe property belonging to the Charty. The Trustees o)nsider Ihat their reserves held are sufficient to Fwd(Ke the in¢omg required in older to fulfil these obligations. FUTURE PLANS The trustees have identified the following plans for the year ended 28 Febru8ry 2026.. To review and update the goveming do(xJment to ensure that rt is frt for purpose and to be atle to expand the Committee olTruslees To recrurt mor6 trustees to ensure the Amied Forces are fully represented, and lo VIeW skills gaps on Ihe Commhtee - To renamè Il S¢*eme lo refiect the whole of the Armed Forces - To ieview and update finanaal procedures and policS, including the grant-making policy of the Scheme To continue to make grants to individuals in need, and lo charities aligned with OUT objecve$ and aims STRUCTURE. GOVERNANCE AND MANAGEMENT Govèrning docum•nt The charity is regulated by a Sthem8 of the Charity Commissioners dated 11 August 1989 Ilhe Scheme) and constitutes an unincotpoialed charity. Pa9e 2
Oerby & Derbyshire Disabled Soldlers Setuement Report ofthe Trusteeg for the Year Ended 28 February 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appointment of new trustees Under the terms of the Stheme, there are five Trustees, who are appointed for a term ol fjve years by a resolution of the Trusteès passed al a Special Meeb"ng, and otherwise as laid down in the Schèmè. Trustees are eligiblo for reappointment on the ¢ondusion of Iheirlerm of offi. Before reappointing any Trustee, Ihe Twstees {other than the Trustee whose reappointment is under consideratioF)I review his or hèr effectiveness as member of Ihe body of Trustees. In addition, as well as using their own knowledge, the Trustee5 may seek re¢x)mmendations as lo persons suitable to be appointed as Trustees fiom organisations with partular interest in the objeds and purposes of thé Charity. The Trustèes may invite 8ny person, who is un(Jer consideratK)n a5 being suitable for a fLrture appointment a5 Ttustee, to shadow the Trustees in order lo gain an appropriate insight into th8 objectives and rnanagemenl of the Charity, but that whilst Invited to attend Ttustees, meetings. such shadow shall not have any vole there at, and ft>lltiwng apKM)intmenl, new Trustees are given a comprehensive bf*fing on the Charity. its method ol operations and Ihe duties and responsibiltties ol Charty Tnjstees. Rlsk management The Trustees have assessed the major risks to which the Scheme is exposed. in particular those relating to the operations and ffinan$ of the Schetne. These inclLJde a review of investments to ensure an adequate relurn whilst promoting other sources of income, and ongoing discussions with the Trusteès ol the War Memorial Villag8 (Derby), a separate charity maintaining a number of propertie5, including four owned by the Scherne. The Truslees will keep these risks under review, and are taking appropriate 8dion to manage those risks. Approved by order of the board of Iruslees on 21 November 2025 and signed on its behalf by.. Mr J Slafford- Trustee Pago 3
Independent Examiner's Report to the Trustees of Derby & DetbYshl Disabled Soldiers Settlement Independent examine$ report to the trustees of Derby & Derbyshire Disabled Soldiers Settlement I report lo the charity trustees on my examination of the ac£wnts of Derby & Derbyshire Disabled Soldiers Settlement (the Trust) for the year ended 28 February 2025. Responsibilitiès and basis of rèport A5 the charity trustees of the Trust you are resFKJnsible for the preparab'on of the accounts in accordance wth the requirements of the Charities A¢t 2011 flhe A¢tJ. I report in SpeCt of my examlnallon of the Trusfs 8¢¢ounts Carrled out under Section 145 of the Act and in carrying out my èxamination I hav8 follow8d 811 applicAble Directions gIV8n by lh8 Charity Corntn15sion under S8ctK)ll 145(5}Ibl ol the Act. Independent examine$ ststement I have completed my examination. I confimi that no material matters have come to my attention in connection wilh the examination giving me cause to believe that in any material respect.. accountsng records were not kept in respeci ol the Trust as required by Section 130 of the Act,. or the accounts do not accord with those records,. or the accounts do not comply with the applicab reqvirernenl$ eoncerning Ihe fom and ¢x)nlenl of accounts set out in the Char¢ties (Accounts and Reports) Regulations 2008 other than any requirement that the awounls give 8 true and fair view which is not a matter considered 88 part of an independent examinatitsn I have no nCernS and have ¢orne across no other rnatters In ¢onne¢fion wth the exarnination lo which attenti should be drawn in ihis report in oidei lo en8ble a proper understsnding of the 8cwunts to be reached. J Fitzpatrick ACA Bourne & Co. 47a Queen Street Derby Derbyshire DE13DE 21 November 2025 Page 4
Derby & Derbyshire Dlsabl8d Soldiers Settfem8nt Statement of Finanelal Acttvities for tha Year Ended 28 F•bruary 2025 2025 Total fuThJs 2024 Total Unre51ricted fund Restricted fund Notes INCOME AND ENDOWMENTS FROM Charitable activities Property Tental income 6.OOQ 6.0 Invèsbneni incomè 47,877 48,033 42,822 Total 53,877 $4,033 48,822 EXPENDITURE ON Charltable activities Grants to institutions Charty management expenses 12,874 12.874 26,100 200 26.100 200 6.697 Indiwdual grants Total 39.174 39,174 53,387 Nèt gains on investments 73,352 290 73,642 36,108 NET INCOME Transfers between funds 88,OS5 1175) 88,501 31,543 10 175 Net movem8nt in funds 87.880 621 88,501 31.543 RECONCILIATION OF FUNDS Total funds brought forward 1.616,230 8,518 1,624.748 1.593,205 TOTAL FUNDS CARRIED FORWARD 1,704,110 9,139 1,713,249 1.624,748 The notes lomi part oflhese finanaal staternents Page 5
Derby & Dert)yshire Disabled Soldiers Settlement Balance Sheet 28 February 2025 2025 Total lunds 2024 Total lunds Unrestricted fund Reslrided fund Notes FIXED ASSETS Tangible assets Inveslments 303,913 1,364,383 303,913 1.373.512 303,913 1.267.623 9,129 1,668.296 9.129 1.677,425 1.571.536 CURRENT ASSETS Debtors Cash at bank 2,872 39,932 10 2,882 39,932 3,467 56,560 42,804 10 42,814 60,027 CREDITORS Arnounts falling due within one year 18,99)) {6.ggo} 16,8151 NET CURRENT ASSETS 35.814 10 35,824 53,212 TOTAL ASSETS LESS CURRENT LIABILITIES 1,704.110 9,139 1,713,249 1.624,748 NET ASSETS 1.704,110 9,139 1.713,249 1,624.748 FUNDS Unrestricted funds Restii¢ted fijnds 10 1.704,110 9.139 1.616,230 8,518 TOTAL FUNDS 1,713.249 1,624.748 The financial statements were approved by the Board of Tiustees and aulhorised for Is$ on 21 November 2025 and were signed on rts beh1 by.. Mr J Slafford- Trustee Mr5 M J Madin- Tru51ee The notes form part of Ihese finanual staternents Page 6
DÈthy & Derbyshlre Dlsabled Soldlers seeMent Notes to the Flnancial Ststements for the Yèar Ended 28 February 2025 ACCOUNTING POLICIES Ba¥is of preparing th¥ financial statements The finanoal statemen15 of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charitie5'. Statement of Recommended Practice applicable lo tharities preparing their accoun15 in accordanTr with the Financial Reporting Standard appluble in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191., Financial Reporting Standard 102 The Financia1 Reporting Standard applicable in the UK and Republic of Ireland. and lh8 Charit3 Act 2011. The financial statements h8v8 been prepared und8r the historical cost convenb"on. with the exptIOn ol investments which are included at market value, as modified by the revaluallon of certain 85Sèts. Income All income is reccgni5éd in the Slalement of Financ4al Athvities On the charity has entitlernent lo tha funds. it 15 probable that the income will be received and the amount can be measured reliably. Expenditurè Liabilities are reco9nised as expenditure as soon as there is a legal ()r constructive obligation committing the charity to that expenditure, it Is piobable that a transfer ol econornic benefrts will be r£quired in seltlement aThJ Ihe amount of the obligation eAn be measured reliably. Expenditure is accounted for on an accruals basis arKI has bg8n classified undèr headings that aggregate all wst ielated to the ¢ategory. ere costs cannol be directly attributed to particular headings they have been all(Kated lo activiw'es on a basis congslenl with the use of resources. Grants offeréd subject lo ¢d"onS which havè not been met at the year end dale are noted as a cornmitmenl bul not accrued as expenditure. Tanglble fix¥d assets The tangible fixed assets are c8rned at cost. No depfeciatk)n is provided on freehold land and buildings on the grounds that their economic life exceeds 50 year5 and any such charge would be immaterial. Taxation The charity is exempt from tsx on ils Charitab activities. Fund accounting Unrestricted funds can be used in accordance wilh the charitable objectives 8t the discretNJn of the trustees. Restricted funds can only be used for particu&r restricted purposes within the objects of the charity. RestrictiM$ arise when speofied by the (k)nor or when funds are raised for p8rticukr restricted purposes. Investmgnts Investments are inclLtded at dosing market value at the balan sheet dale. Any gain or loss on waluation is taken to the Statement ol Fin8naal Actiwtie5. INVESTMENT INCOME 2025 2024 CCLA distributions receivable M&G inwme & accurnulation units distributions Solicrtors ct¢ent account interest 12.939 35.094 12.682 30,116 24 48,033 42.822 Page 7 rx)ntinu¢d...
Derby & Derbyshire Disabled Soldlers Setuement Notes to the Flnancial Statements- continued for the Year Ended 28 February 2025 TRUSTEES. REMUNEIIATION AND BENEFITS There were no Iruslees, remuneration or other benefrts ftx the year ended 28 Febwary 2025 nor for the year ended 29 February 2024. Trusts¥$' expenses There were no trustees, exn5 paid for the year eThJed 28 February 2025 nor for the year ended 29 February 2024. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restricted fvnd Total funds INCOME AND ENDOWMENTS FROM Charitsble activities Property rental income 6,000 Investment income 42,690 132 42,822 Totsl 48,69) 132 48.822 EXPENDITURE ON Charitable activities Grants to Institutions Charity management expenses 46,6 46,690 6.697 6,697 Total 53,387 53,387 Nel gainslllossesl on Investments 36,209 11011 36,108 NET INCOME Transfers between funds 31,512 11751 31 175 31,543 Net movement In fvnds 31.337 2C6 31,543 RECONCILIATION OF FUNDS Total funds brought fotward 1,584,893 8,312 1.593,205 TOTAL FUNDS CARRIED FORWARD 1.616,230 8.518 1.624.748 TANGIBLE FIXED ASSETS Memorial Village COST At 1 March 2024 and 28 February 2025 303,913 NET BOOK VALUE At 28 February 2025 303.913 At 29 February 2024 303,913 The four War Memorial Village properties are shown at ¢osl. SperKllove Surveyors valued the properties al £700.000 on 18 Novèmbèr 2024. Page 8 continued..
Derby & Derbyshire Dlsabled Soldierg Settlèmènt Note# to the Financial Statements- eontlnued for the Year Ended 28 February 2025 FIXED ASSET INVESTMENTS 2025 2024 other 1,373,512 1,267,623 There weie no inveslrnent assets outside the UK. The movement in lh8 investment values can be summarfsed as follows= 2025 2024 Reinve31ed distributions Contribution from the ¢harity Increase (Decrease) in value 32,071 175 105,278 29,220 175 36,107 Movement in Value 137.524 65,502 Investments Inerther Irslgd nor unlisledl were as follows.. 2025 2024 6,554.CO2 M&G accumulation shares 23,012 M&G income 5har85 30 M&G accumulation shares 103,671.32 COIF Global Equity Incorne Units 10,300.04 COIF Investment Fund Ineome units 821.132 21,896 9,129 309.791 211.564 725,866 20,216 8,518 304,265 208.758 1,373,512 1.267,623 DEBTORS: AMOUNTS FALLING OUE WITHIN ONE YEAR 2025 2024 Other debtors Prepayments and accrued incorne 2,607 275 3,200 2e7 2.882 3.487 CASH AT BANK 2025 Total lunds 2024 Total funds Solreitors client ac£ounl 39,932 56,560 Total 39,932 56,560 Page 9 continued...
Derby & D&rbyshlr• Dlsabled Soldiers Settlemènt Notes to the Flnanclal Ststements - continued for the Year Ended 28 F8bnJary 2025 CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2025 2024 Sundry cr8dilors and arLruals 6,990 6,815 10. MOVEMENT IN FUNDS Net movement in funds Translers been funds At 28.2.25 At 1.324 Unrestrlcted funds General lund 1.616,230 88,055 {175) 1.704,110 R•stri¢tgd funds Extraordinary repair fund 8,518 446 175 9,139 TOTAL FLINDS 1,624,748 88,501 1,713,249 Nel movement in funds, induded in the above are as follows.. Incoming res5 Résources expenlled Gain5 and losses Movement in fvnds Unrestricted funds General fund 53.877 139,1741 73,352 88,055 R&str4¢ted funds Extraordinary repair fund 1&fj 290 TOTAL FUNDS 54,033 139.1741 73,642 88,501 Comparatives for movement in fund$ Net movernent in funds Transfers between funds At 29.2.24 Al 1.3.23 Unrestrlctèd funds General fund 1,584,893 31,512 11751 1,616,230 Re3tricted funds ExtracTrrdinary repair fund 8,312 31 175 8,518 TOTAL FUNDS 1,593.205 31,543 1,624,748 Page 10 continued...
Derby & Derbyshire Disabled Soldiers Settlement Notes to the Financial Statoments. Continued for the Year Ended 28 February 202S 10. MOVEMENT IN FUNDS-contlnued Compar8tAie nel movement In frjnds, included in the above are as fdhm.. Incomir resources Resourcos experKled Gains and losses Movemenl in lunds UnTe¥tricted funds Gener lund 48,690 153.3871 36,209 31,S12 Restricted funds Extraordinary repair fund 132 {1011 31 TOTAL FUNDS 48,822 {53,387} 36,1Q8 31.543 A rrent year 12 rnonlhs and prtor year 12 months combined position is as follows.. Nel movement in funds Transfers beeen funds At 28.2.25 At 1.3.23 Unr8stricted funds General fund 1.584,893 119,567 13501 1,704,110 Restricted fund¥ Extraordinary pair fund 8,312 477 350 9,139 TOTAL FUNDS 1,593,205 120,044 1,713.249 A current year 12 monlhs and prioi year 12 months combined net moverrenl in funds, induded in the above are as follows.. Incoming resour$ Resources expended Gains and 105ses Movement in funds Unr•stricted funds General fund 102,567 192,5611 109.561 119.567 Restricted funds Extraordinary repair fund 288 189 477 TOTAL FUNDS 102,855 192,5611 109.750 120,044 11. RELATED PARTY DISCLOSURES There were no related party Iransadions for Ihe year ended 28 Febnjary 2025. Page11
Dertjy & Derbyshire Disabled Soldiers Settlement Detailed Statement of Financial Activiti&s for the Year End9d 28 February 2025 2025 2024 INCOME AND ENDOWMENTS Investment income CCLA distributions reivable M&G income & acojmulalion units distributions Solicitois client account interest 12.939 3S,094 12.682 30,116 24 48.033 42,822 Charltsbl¢ a¢tJvlti¢$ Propety rental income 8,0(KJ Total incoming resources 54,033 48,822 EXPENDITURE Chatable aclivitie¥ Sundries General management charges Gr8ntS to institutions Grants to individuals 441 23.979 12,874 200 387 4.665 46.690 37,494 51,742 Support costs Govemanee costs Awounlancy and18g81 fees 1,680 1,645 Total resources expended 39.174 53,387 Net incomellexpenditurel 14.859 14.5651 This page does not form part of Ihg statutory financi statements Page 12