REGISTERED COMPANY NUMBER: 00469476 (England and Walès) REGISTEREO CHARITY NUMBER-. 241516 REPORT OF THE TRUSTEES AND FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 MARCH 2025 FOR THE WAR MEMORIAL VILLAGE-DERBY Jthnson Tidsall Limited Chartered Accwntanls & sta1 Audit 81 Burt( Road Derbyshire DE1 1TJ
THE WAR MEMORIAL VILLAGE-DERBY CONTENTS OF THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 MARCH 2025 R•port of tho Trust•es 1 to 5 Report ol the IndependentAudlto 6 to 9 Statsnwnt of FID¢ A¢tlvltle• 10 Balanc• Sheet Not•s lo FInaral St•twn•nts 12 kn 22
THE WAR MEMORIAL VILLAGE-DERBY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The trustees wh) are also 1ct$ of Ihe chan.ty for the pwpose5 of the Ccthpwie5 P£t 2(, prest report wth the finala1 slalemenls d the charity the year 31 klwch 2025. Tr tyustees have adroieis the provisions of AcUntI and Repoibry by Charilw.. Slatemenl ol Ratommended Prath"ce 9)plable to drIbeS preparing their accounls in acc4ydance wlh the Fara81 Report¥y 8ppkablo in lh& UK Republic ol kdand IFRS 1021 leffgctivtr 1 January 20191. OBJECTIVES AND ACTIVITES Oblectlveg and alms The primg obJ1Ve ol the tharity is to om, operate axl mantan an w•Jave of high grade hol1 in the Cily ol Derby spe(ifically for the benefit ol disabled l(Ymer membws of HU Force5. the Erne19 Swvices arhj cdhers ¥hrn the Iw51ees shall frlwn time to lime dewn of ¥bknx)n. In the fwthgrance of ts prime Ot¥te Ihe dMwity striv& to: . provide rnore gereral IwyedentI rgk8f of n1 kn benefkn". . enge in othwc4witstAe a(ai¥ity Ihal gwwdles frJKls to bè applièd furthern of the primè objective: . Trperate wilh other chwilies, ex-servire orgaTh5atxxfj. rArtral aThl kncal aulh1t8S, PL11 8N1 pri¥at& corporaiions. tleS and in smr111. aTrJ . appty the wMe of Matla1 and re9xwces ofts y. heft evw arKI how-so ever dwived. Tha charity maintains heatthy finar¥ial opwaliro and reserve accounts banks to sewre the aims prevK)U5ty staled. These fina81 actbvities are monttor1 arKI JAited by thè thanS ac0nntS and Sègal adSer$. The charilab cnmpany is managÈd by a board of th"rettotsltrustsès ¥ttL) a 1 bluNte1S whilè the eslate Is man48d and maintain8d by our fflng agents. Dwby Homes Linitd . the social housirg depwknent of Derby City CourKil. TfUSt••s All directorsl trustÈÈs are volunteÈts and takè èXC• thè rrimbursano1 travel èxp8nses aThl bursary. Publlc benefit The trustees havegiven (kje rgJard ) Ihe i55ued by CharitEs CommissK)n when reV1w ils aims and OblVe5 in planrwTh3 furÈ a(7&$. A5 described under obietAi¥es and &tiwti•s. thè eJHiiy is rAYknnitted to providM19 arm1 maintainiThJ high ad& swal housing in the Cily ol Derby. Wthin the scheme krKy*n as The War Mwnowial Ville Derby, Sl¢allY lor the benefit of db5ablèd lorrnèr mémbérs ol HM Foreès, Ihè Emergerty Savis and othets whc¥M thè trLtslèss shall from ts.me to timè (Je8m worthy ol inLknion. The trustees rewew the actlI1eS of the thrity wF4nst Its airns on an ¢y¥JciThJ basis are satisfied Ihat all actiwties continue lo be rela1 to its •ms. Page 1
THE WAR MEMORIAL VILLAGE-DERBY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 ACHIEVEMENTS AND PERFORMANCE Charftable actlvi11g$ The txjard ol diredorsltruslees has mainiaingj estale in excelknt c(ffith'tion Ihrough (6e cmperat)n wilh the managirwJ agenls. Derby Homes LirnibJ arKI by prwlent managwrth c4 opgraling awMI r958rv8 finanual resour. We h3Vg establk8hed and have been Work1r to a 30-year crtrtline slrategy thal cAbI5 mainienan¢ and rédèvèknpméni with detailed budgeled actvn lor the short fin yearl WKJ rnediLm lerS to Syrsl. The budw is drafted each year and passed by the t4)ard ol dIOrsrlstee$. Subj&Xed to Mlt0j by the Chainnan and Trèasurer. pÈnodie upda5 iuding forSt of outtum we wo5ented al quartety m8&"ro ol Mlxh of the year was laken up wlh to IrSler ts kKwsirwJ $loth a&sets lo D9Y Homes and to establish a long-temi SU5tainabiWly for w11a. This Is in resp( to govwrrnent legisl811 on MinThum Energy EfflÉncy Standard5 IMEESI lor sooal )rnes. whKh would r¢ n swfKanl for thg vilage rf It conlinu&J rt5 currant palh. Th8 Irvstee$ wish to pro1 the w11a by trsternng the assets lo Dwby H(es. wh) becnrre re5PCYtsible for bringiThJ the proPere$ into line with 193islaticffi. wme maintwning orrenl al sel oul by Ihe thaity arKI k89ping th ethos ol these KwopertEs as fv)mes veterans of the armod f(. Flnanclal positlon The results lor the year show a surtJs on [rn¢led fwKts of £63.1 {2024.. £75.6931 and a defut on roslridgd funds T)f £29,23212024.'lleft £29,232}. The ovwaH fcthe year amourted to £33.924 {2024: £46.4671. UnrestrKted funds at 31 Marth 2025 total&1 £5.155.153 {21Y24.' £5.091.9971 of ¥thK £&7(Kl.245 rdated lo a properly revahjation reserve12024". £3.710.4471. Restrided lunds a5 at 31 March 2025 tctsled £186.96112024'. £216.193). Prln¢lpal fundlng sourc•s Th6 princi)al source ol funds ts the annua rnverwa $8oJr•J by rents cn ihe 1¢h Wrunted to £342.732 for thè year ended 31 March 202512024.. £315.1821 Our close rdatKnship wlh Ihe D8ty and Dwbystrire rSal L¥mnueS and we ranain in eonversation with them regardiNd mLrtual suppc•t. AJI expenditure. afler es$"al &thwni5tratlon aThJ u¥)vwn rxJstS. 15 fo(>j mainten rerwial cl the e5tale. Inv•stm•nt pollcy and obl¢clives The rental im)me from ou( addrt¥)n piry&ty C(thi to sh)w an ROI olsome 7% po. The rem84nirrfJ ethh reseNes are lodg&Y with HSBC. The investsnent 51ratwJy reman5 jr)ntlV aKIit review. Valuatlon of Ireehokl property Thé trustees obtained a pKrfessional yl{l of the charitys free1J piot pcrftlolk) ¥Mlh an effecaive valualk dale of 12 May 2023. This Valu1 the p(wVolo at £6.74 mIlK. The assels è (Jmnly sh)wn al deemgj cost with a net book value of £5.46 mlmknn. Thè trustees do nol Intend to the basis of ¥&Jation frcrfn deemed $1 to walualK•n. The preSsnl Valuati was Undertak to assess the irnpact of the phase relxjikl rtIo1) aThl k) provide indicab"¢M to Ihlrd parties of the FKAential current value. Page 2
THE WAR MEMORIAL VILLAGE-DERBY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 FINANCIAL REVIEW Rgsgrves policy In attffdance with Charbty Commission guidelw. ts dwi'ty has histcicty Iget a MlmTr erve of aTound 1.3 times annual re•enue- this equates to (irca £4)k. Hever. Ihe estates 5tratwJy cOrVrtant 4bYJrks. Phasè 1 n•¥ bui5d, have reqred thts rig6 to bs kept somewhat flexitAe The ban at bank as at 31 March 2025 slcx)d at £368.5 whth i8 below the aMol rnent>n above to a s¢ri¢a conlrol of gxpenditurg f¢JkJwJ Ihg apphQa1 of (dS for reCOtr"On ¢osts of Phase I which incurred addit1 cosis of £103k. partly due kn the adverse effects d the global pandwnic. The charity has no In defiut. Goong concérn Due lo the nature of thethS r4ibes rents frrfm its propwty frym fv man s¢)urcg of its yK4Jmg. There has be an ire in rental iTrxYne in the ar 31 Marth 2025 rent incrgas95 and thg 18ttiry of pr¢)perbes folov4ing reftwbishment Yth. Thè Tfustett dosely mclt01 actual perf0m1 against a Surp cffi Untrictl lund5 wa5 en¥istyed for the year due lo the carelLI mon11j of reSnswe pr5 WKJ plarned wyk5 lor properfies vAthin Ihe porlfolK). The truslees (Jrtsider thai te are rK> tssve5 %1¥a (fMKW. FUTURE PLANS Thè trusttts wll contirvJè to pursuè Ihe trnnslw ol th• wlag8 it's assets suty'ecl io athlica and the (£Jrrect outrne for the futu of the village and ifs r8sKlen STRUCTURE, GOVERNANCE AND MAt4AGEMENT Govorntng d¢xum•ni The War +Aemorial Village Dert)y goverwl by its MwTwandum JKI ArtwJe5 01 As%MaalK)n a1 is a (xxnpany limit1 by gu8rdnièe. The lithh.ty 018ath rnb is limited to am01 exceediwJ £1. Charity has a Boa of Trustees alsocortstiiu thè tx1 of the CcThpany. R•erultm•nt and appolntrn•nt ol n•w trusts•• Trustees a seknted on the basB cl speryalist kThJw arnl preCS experi in Dir8thrnwstao . typt rolgs. éspécaally within thè $Lal hous¥J ar mlrtary sts. Potarntial tliractoiThrusle8s are inteThithd by servry Board ekntion is by ITr0ff &crAtees based on meril and professh)nal ¢yJntribthion of the candthte. IndtIOn and tralnlng of tyugtegs Th• Trusteés rer•darty convenè a go¥)anc s•n)ar derj by iThJ8pèndent Matt expert for the purkx)se of updallro the knedge base th regwd lo Lqtesl dwJe5 in ChWi5 and Ct&rnpan l¥Jtslaiion and to disojss 9d Wlthr n•tsork The chwily mainta.rts a dose rdalionship wnlh ex-WVi ¢ygani8atKK6 thrcwh hx21 repre5enlativès. The cti&ity malnlains a dose rtKiship wlh the an(1 D&fyshl fA5aW Soldiers, strnl for thè pwpose of alleviating dislress assista1ty. Rlgk managerneni e trustees have a duty to identify and rewew the rtsks b) which the charlty s expc6eLI and Io apprcyrie cthrols are in place lo providg rgawnable as5ufdnce •Jainstlraud * errDr. The Board has in place a risk managwrient wulaty a5se&w5 cy)er"ThJ farK¥a1 ri5k5 advised by the manaJing 4ents- Derby Homes ts"mrted.
THE WAR MEMORIAL VILLAGEiIERBY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Comp4ny nuffjr 00469476 (England and Wales) R•g18t•r•d Ch¥fity number 241516 Reglst•rnd offk• 81 Burton Road Derby Derbyshire DE1 1TJ Trug1•• Harvey Jennings John Jning$ Jonathan Srnale Norma 8rac8wdl Micky Doylè Glynn K8am8y Malb'n Ross Mccristal Andrèw Wall Retired 21111r25 Retire($ 21111r25 Rellred 2111 Ir25 Appoinled Ifice Chwr 21111r25 Apwinted Chair 21111125 Resigned 20KJ8r24 Th8 Mayor of Dèrby is Ihè Pr8Sidrtof1 ¢ty aThl is an Ex4kn by invitat. Company Sèerntary H JennirvJs Audlto Johnson Tidsall Mited Chartered Acujunl & Statthory Auditor 818urton Road Derby Dwbyshire DEI 1TJ 8ank•rs HSBC Vict(xy Road" Oerby Oerbysh¥è DE24 9HX Sollcltors FrèÈih Cartwri9ht Cardinal Souare 1Q Ntsttingham Road Derby DE1 3QT Charity Bank Limrted Fossè Ho 182 High Street Tonbridge TN9 18E P&Je 4
THE WAR MEMORIAL VILLAGE-DERBY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 REFERENCE AND ADMINISTRATIVE DETAILS Mr thn3th Srnale and Mr Harvey Jning5 wue resp(Thib the tr ihe day io dty rnanagement of the ¢h¥rity thrOts)Ut the r. Mr mart assum the ro5ibon of Char w 21111r2W25 and has baen akjngside Mr Jonaih Smale from thk date. EVENTS SINCE THE END OF THE YEAR Infomialion rdating to èvents since the end of Ihe yw 15 in th8 Mt•S kn the finanua statgments. STATEMENT OF TRUSTEEY RESPONSIBILtFIES Thè Irustees arè ¥150 Ihe of W Vila[rby[Th) k>r Ihe purK)s&8 01 (xKnpany lawl are respMsibl& for prepariThJ the Report of Ihe TrStee$ and thè finarttal Stslements in applieabla law and Uniled Kiwm Accountry Stsndwds (Unied Ifwwjm Acceoed fvmwntirrfJ Prthl. pany law requirgs Ihe IteeS to prewe finarKial 5t¥lwnwts eath finwal year. und that Iww. the trustees have 919d to prepare the firrartial statements wilh Uilied G¢nalty AePt ACctin Pra¢bce (Unrted rjd0rn Il£wuntirs Slandwds aThJ 4)plieable18wI. Under company law the fnBtees must approvè ts fina81 stat¢ts lESS they we ssfil thal they gNe a trug ana fair view of the state d affaws (rf Ihe charitable cc¥nY arKI of the incoming rè50urce5 and ¥Jpluth?n of rÈsources. includirrtJ Ihe income and expenditu, of thg charitatt thnpany for Ihat PWKYJ. In preparwwJ thow fin8n(xal Slatt9, the trustee5 are requir] to Se1 svilable accoJntiro pol8$ then apply t cL1$tty. obserye Ihe meth(xts and pripS in Iha Charitie5 SCIiP.. make Judgen1$ estwnat8S Ihai Ère reasonable aThJ FKLKknI'. piepare thè ffinan(ial statemlS on the wwva rxw 1$ is inappropriate to weswne that the charitablg company will (fjntinue in twJsin8ss. Thè trustges are ponsibl• l¢v kwMIg propw ré(xKds (5dose rèasonab acojracy at any time the financial r)sitn of ihÈ tharitable cc•npany and to enable th7 lo ensure th8l Ihe financial statemenis oynply with thè Companies Act 26. They are alw reSKKKBible safardir¥j Ihe assets the ¢haiitable company and hence lor taking reasona8 sleps ILY thè prentIOn deterlw off other wrwJkn"tE5. In so far as the tntstees We aware.. Ihere rs no rdev•nt audrt Infom)atK)n ofwlwth the drilab warrfs aJ1)r$ are unawarg.. thè tnJstèÈs have laken all steps Ihat Ihw to ha Wen to mako thomskn aware of any I88nt audit InlomialL)n ar¥J to e5tabli5h that the authtots we aware of that inksm)akn. This pOrt has b8¢n prwray in accorda spra1 0VY cl W 15 of the Cornpanles Act 26 rarrfJ te small ctsnpanies. M Martin. Trustee Page S
REPORT OF THE INDEPENDENT AUDrroRS TO THE MEMBERS OF THE WAR MEMORIAL VILLAGE-DERBY Opinlon We have 8j118 statements ot War MerrKxia I.(18b1e crynP1 for the year 8rthd 31 March 2025 which comprisè thè Stat•)nt ol FinwKi kaivitE5, the BalaTh Sheet and noles to finanual statements, incIling a srnary of 91•fant lIe$. Thè financlal rewriiryJ IramewNk that ha5 been applied r pparatiOn is applicJlè l• a)d Urmted k£{lij SlwTrtJ¥d5 IUrt&J "ngdoM GerallY Accepled AUnn9 Pradicel. In our OFMrion Ihe finawial 5tatemerts." ¥ a true and fabr VI oflhe ofii ¢haritabl¢ Lx)mparYy's affays as at 31 Marth 2025 and of its Im)ming resources and application ol r)ur, includiro its expÈThtsturè, frjr Ihe yèar then ended.. have been properly prepared in arxrxdanL¥ Wrth United K•yh)m Gereralty Acxpted Attojntro PwlK8.' and have prepared in 7Mth Ihe uIrents ol ComparwÈs Act 21J)6. Basls oplnlon We ¢onduded our audit in Intomo Standwth IUKI IISAS IUKII and aliCable law. Our responsibilities under those stsn¢Jards a fijlher desc1 knitors, rtskw)nsibiliti"8s f the audit of the financ4al slatwnents section of our report. We we indepentht of Ihe charit o)mpany in 8rA)rdante wth thé èthical requirernents Ihat are relevant to (yjr audit of the finanLial slatemènis wi Ihe UK. Irjudirrfj the FRC'S Ethical Standard. and we havè fu111ed our other e1C81 responsibilities in aCCordar with these ents. Wè bdièvt that Iha audit èvidence hav8 obtained is svffjciwrt JKI 4)propriate to provmle a basis Iiy ¢yy 1r¢. Concluslons relallng to g(>ww conc•m In audilwvJ Ihè finanoal slalwnents. we have Ihat Ihe tsustees. use basis of acwjnting in tha prèparation of the financ¥al stateMts 15 4)prwiate. Bas8d on the rk we perfom)8d. we have rnt Kl•itiW any mwial un¢lw"nliss rda11r lo events or o)ndibons that, individually or ¢A)IIeciN8. may (ast svJnifKan¢ doubt on the tharrtJte company's ability to 01118 8$ a goin9 c%)n¢8m lor a period of at leasl h¥dve months from ¥hn the finanoal statents we authori59d for iU6. Our fesponsibililies the r9sFKl1 )rtIeS tr188$ to 9ryng a described the relevant Sèdions of this report. Olher Informatlc Th8 truslees are reSpOlbIe for ihè other IOMI¥l1. The olhw thrnation comprises the infomiation ded I Anmal RÉp)rt. 0th8r than the h"naThxal staternerts and our Report dthe lTrJepw>denl AJJdilors th9r80n. Iljr opinw on th• finala1 statements does not th8 olher inh)rmaticn exc¥ to Iho extgnt othgrwi$¢ oxpli¢itty slal&J li our ret, we do noi ow•ss any fomi of assw there1. In Connect wnlh ow audit th thè rThal slateMts. crtff re¥knIty is to read the othw nfornian and. in doin9 $0, cnrtsidÉr wheth8r the othw information 15 m8lerialty i1)$1#ent the finJKaal slatemenls or our kThedge cl)taingJ in the audit or otherwise appèars to b• Material misstat. If we en¢ty Matla1 1ncons5stC or apparenl material rnisslalernents, w¢ are requi lo detwmine whether this gives rtsè to a matwial mis5t8temwrt in the finarKial statèmènts tlwnselves. If. bas& on thè WO we hav8 pWfoM). we 0>Jude that there i8 a matwia misslalement of this other inlorm8tK)n, wo art reQrj to rert thal facl. We hrf& rthiNJ io 19)1 in thB regwd. Oplnlons on other rnalters y•scrlb¢d by the Companiè8 Att 2006 In our opinKn. based on Ihe und*tsken in Ihe (xxyse otlhe the infrymalion 9iven the Report ol the Tn61ees for Ihè financlal yaar for which the slatemerts arg preparwl is consiStl wlh Ihe financial Stslements", an¢1 Ihe Rewrt of Ihe Truslees has been with applwale lega reqUWwts.
REPORT OF THE INDEPENDEKf AUDrroRS TO THE MEMBERS OF THE WAR MEMORIAL VILLAGE-DERBY Matters OD which w• arn Mqulred to report by •xe•On In the IhJht of the knowIge arKI understsndry ol the charitable compwy its enrOnM obtain8d in the cours8 of the audit. we have not identified matu1 misstatwnents in ts A401 Truste89. We have nolhiro to rgport in SpecI of the fokniTr3 malletsvhwe th 2008 wwres LL8 lo rem to you rf. ' our opinK>n". adequate accountirvJ rec*)rtls ha¥è not b8en kept w retum5 wdil have rvjt bea) 1V&1 from branthes not wsiied by us,. or the finanoal slaterne are in agrent wth theacCUnIlw records WKJ relu. or (ertain disd05ures oftrustees. reMeTalK)n sperAfi1 by law are madè.. or we have rKJl rec4ved itrormalion and eyp1ana1S we reqiire for OLK audit,. or the trustees wwg ngt nlld to take of the 5rnall thmparmes exempt¥J) from the wuirement trj prepare a Straleoic Report in Pfeparing Ihe Report ol th¥ Tntsteès. R••pon8lblllil•s of trust••s As explained more ful in the Stalement of Tnee$. Respongljilities, the t190$ Ivtho arè also the directors of Ihe Chartable u)mpany lor th8 purp)ses of cfympany law) re5$XM1b1e tr the eparaticffi of the staianÈnts and for being sats.sf that they give a true and fwr view. for suth inlemal wntrol as thg Intst determine is recessary to enablè thè preparation of financial statements Ihal are free IrL¥n maierTral miteMent. wthelher to fravd orerror. In prepxrifvj thè finanaal slatemenls. the trustee5 we resw)nsiNe for assessi the charitable crynpatys abihty lo cy)ntinu as a goir& conwn. disd05ing. as appli1. maltws related to c4ncem usir¥J the Ing concwn basis ol oJuntswvJ unless thg Intslees ather inteThJ lo Ihe dli18 c4M)pany or to ceas8 or have no realisli ¢emativg twjl to th) so. Page 7
REPORT OF THE INDEPENDEKf AUDITORS TO THE MEMBERS OF THE WAR MEMORIAL VILLAGE-DERBY Our r•¥ponslbllili¥s ft>r th• aurfit of th• financlal statements Our OblteS are to obtan sonatIe assuran about whetrw Ihe f4iartr)a statements as a whole are free Ir(Mn matewisl rnisstslement. whether dw to fraj em)r. to issue a Rep of thè IthlepÈrenI Auditors that itxILNJes our opinion. Reasonabb assurance i8 a hKJh level of assurance. byt i5 a guaranle8 that an aLxlit oJnducted in aCrdan ISA5 IUKI will aayS detecl a rnalgnal misstatement vthen it exisls. $statements can arisè from Iraud or error a)d are rDn51dered mateiial rf. indmduaty or in wjregate. tsy gJukJ 8$OnablY be eected to inlluence the eOrn daash?ns of users laken on basis of these finaThJa slatts. The oxlenl to lch our prrn1W wab1eofdetl9 fraLJ is dÈtal8d b.. Irregdarities. fr. are ItanceS of la&S aNJ wulations. Wè design prc8dur8s sn lin& wth our res{1b111lies. outlin1 ab. to del1 matwil MsstatWnts wwct crf irrgwkriiies. irtluding fra. Bec3te the inherent IimitatKJns of an •Ail. there a risk Ihat dgleL1 al lrwulant$, indudiThJ those lea(Sing to a matwial missiatwnert in the finwal Statts cff ncrfKxthpliarrE with ryilalim. This wisk In¢rèases th• more that compliancE with a law regula"on Is I0Ved from the e¥ts and trar}r6 fellted in the linanaal Statert$. as we will ba18ss likety lo becorne aware of ilan{ d rnxKthWkance. The rtsk rs aLs0 eat rg3arding irrularl¢S rK¢urrfng due lo frthKI rnther Ihan wror, as Iraud In¥ofves InttThI oywlmert. [, OMISS or mi8retKesentstion. In Idtifyi1 awKI assessiNJ Ihè rn%ks of matwial misslateml in res of irreguitiBs. Iraud and non•compllaThx ilh laws and regulai)ns. we c51d1 Ihè lolbyM"t¥J'. .T natsjre and control lTOnment oflhtr chty .OLf discussicffis Mth Manag[1 arNI lThJuthj tw had knowledge of y val. $uspg¢tgJ ( aleggd Ir8ul .The Intemal cmtrols mitwè risks ol frawj Fdlcwng our revi8w, wè havè Idwlif Ihe wea5 deemed to have the gles1 4}t'al for fraud or rnaterial misstalement vthin the finaal Ststents". -T rewJniiKn of rental lTrxe -Thlfd party cx)nfim)8tion ol ownership of ts"Ue to freehold wopwly . CalaAal)n of depwatlC in acthrdance with thè accojnt1j pohcy - Work Carrf out by agents ratn to prcwty - The rk of management override We also cxmsidered any and that were central lo the OpWat of Ihe in¢lLwJirvJ charity law and employmeN law. Th• lolltrhyw proeaduras were uThkrten in resm d Ihe kS whwe we i(kntfi&l the p1181 for maleiial misstatem1.. - Detailed rèntal summaries per property. rent n arrw5 aFKI pad in aJvan, wwe oblained from agenls. A cnntrol actount was prepa1 lola inc4)mè was fncIl8d to lh8 nr#al statemts. Rent increases to trust8e5' rnèèthro rniThJt8S. . A samplè of pnwerbes w8re test&l to arKI ekty fents agffj. . Ownwsh45 of all freeh(Ad ddaled in Ihe tharil)le (x)mp15 fX)rtlolK) WAS c(Jnfimi•J HM Land Regstry. - Dapr8c¥ation Calcjjlalw)r based on (Thn[thl llJntiffJ wi r•sp&x of exts.ng properti and Ihe buikl under Phase 1 wwe tesbj to ts a¢o)urting p)licy was by to the requwents thf th8 D8cenl kknmas Standard. - Detaled s¢h8dules of wjrk carri out w propty by a(ro aJerts for the CharlNe rJ)mpany wwe m¢ewed and costs agrged to amounts paid quartety by the Gh3rity r*>nOUnÈ exPdItUre lring trustee approvab. A sample ol maintenaK0 transa¢tKnS We lest to the Sl¢e provi$ sy31ffn.
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF THE WAR MEMORIAL VILLAGE-DERBY - No ioum81 entr were posted by the tharity. wè a)y krgè. urnjsual or transaethons outside the nornial (urSe of trttsiness wl¥ch wwe Wlghbj as a LAt cl ow lestry. . We reviewed Ihe minutes of trusiees. meetivJs aTrJ ¢xrfrtrds pul in t£ by the board of truslees a review of Ihelr risk assessment. . At the plnn9 Stage we discAJssed wlh manwt and 7&tMd) ekntral lo Ihe DrgIlDn of the ¢harity. .The finavwial slatements revivwed aknngswje rwjr dtsure dthlists to wjentrfy y unusual or unexpecteij rdali0rhpS or any areas of non-c£1K. DwJJ5SW6 wwe W with mana9wnent where it wa5 cYJnsidered additional disdosures were required. . We [nan1 rt to any Ind (rf frawj. matenal ffliSSlathYnl or with law5 anrj rggulatns throuJhout Ihe audit inchjdry tt)se r8laiing to Iho Stalents. A lurihér descrpth.on ol r8sponsiblitw for the •Ail of the fmwKaal statwn8nls is k(at on thè Financial ReportiThJ Cwnryf5 webgle al ww.frc.org.thfrdlltry5re5pQI'lil5. TIMS dep11 fowms part ol our Repod of the In(lependent AthjiQ0. Usè of our réport This report is rnade sow to Ihe th8rilak (xpanY$ membèrs. as a trAidy, in acrthanr£ h%ith Chapler 3 of Part 16 of the Compani& Act 2(KK. Our audrt work has b8n uThJertth so Ihat * mwjht slate lo Ihe charitablg company's momba Ihose rnatters we are rUired lo stste to Ihwn in an a1&05. rqjort I( M other purposÈ. To Ihe fullest ent permitt8d by w. wg do Mt actt or assumè r$sKybbI1ify to arry(Th olhw Ihan Ihs thantablè ttjmpany and thè thantabjè ¢ompany mwnbers 85 a tJ)dy, f( our lt work. kyr rwcrt, orfor Ihe 0MI)ng ha¥èfomd. David Mgm envr Statutory Audtr) lor and on be of Johnson fidsall L Th*ed Chartered P£countants & Stalutory Audiior 81 Burt¢ Road Derby Dy$ire DE1 ITJ FC Oate..
A).) Page 9
THE WAR MEMORIAL VILLAGE-DERBY STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDtTURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025 2025 Total funds 2024 Total fuTr ld* INCOME AND ENDOWMENTS FROM Donat&Jns and lega5 17 17 Charltsbh actlvlll Housing seMce5 342,732 315.182 Investmenl income 2,989 Total 34S.738 345.738 318,534 EXPENDtruRE ON Charftabl• aetlvltl•s Housing seNces 29232 311 814 272,[1 NET INCOIIEI(EXPENDITURE 63.156 (292Y21 33.924 46,467 RECONCIUATION OF FUNDS Total funils brought forward 5.OJ1397 218.193 5.308,190 5,261.723 TOTAL FUNDS CARRIED FORWARD 5.155.153 5342114 5,308.190 The notes kxm part ofthese rThal statenpffjts Page 10
THE WAR MEMORIAL VILLAGEERBy REGISTERED COMPANY NUMBER: 00469476 BALANCE SHEEr 31 MARCH 2025 202S T¢Aal funds 2024 Tofal fXIS Unr•strlct•d Restrkt•d fuThS9 funds FIXEO ASSETS Tangible assats 13 5.315.547 181072 SA98.619 5,520,258 CURRENT ASSETS Deblors Cash at bank 14 41,816 364.701 41,816 368.590 26,486 336.151 406.517 410.406 382.637 CREDITORS Amounts lalllng due thIn one year 15 {72.3331 172.3331 I,856) NET CURRENT 334.184 338.073 301.781 TOTAL ASSETS LESS CURRENT LIABILMES 5.649.731 186,961 5.836,192 5,822,039 CREDITORS ArrM)unts laMiNJ aftwmore than cTh year 16 (494.5rn) {49&5781 (513,8491 NET ASSETS Sf 55.153 186.961 FUNDS Unr8stricted fLmds Restrict funds 19 5.155.153 5.091.997 216 193 TOTAL FUNDS 5.342.114 5.308,190 These ffinarKial siatnenis havè bea) t(¥dae with lh& wovts1c to tharitable companies Subject to ihe small rJ)mpanies regxne. The financAal stslements wwe appro1 by the Bowd of Tn¥lees arKI on and warè slgnJ its behalf by.. 2'tr%2L M Martin- Trusl8e Pago11
THE WAR MEMORIAL VILLAGE-DERBY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENOED 31 MARCH 2025
STATUTORY IMFORMATION
The Ww Mwnonal Village - D8rby 15 a Mpany. regster1 in EwvJar¥J and Wabes. The tharitabfe
company's wister&Y nuner. rwslered ¢wity nwnber. rwS1er office address aThJ bu$wsS address
can bg found in r8lwoxe arwj MI$tralIVe ddats ol ReWof the TnjSt$.
The presertaI rrenof Ihe finar¥ia slata7)& ts the PcwJThl Sith"rYJ £.
AccouKfiNG POLICIES
8a¥l¥ of pr•parlng the financlal staknnts
The financial statements (rf Ihe chantatde (x)mpany. whth ts a p1 ben&fil entily ¢Jthr FRS 102. have
prq)ared in a¢xy)rdance Chrtps SORP IFRS 12) Actsting and Reporting by Charili95.' Stalgmenl of
Recommended Practice apF4icable lo charibes preparr@ I"r Trts n acLordance with the Finaal ReportiryJ
Stsndawd aPiGIble in the UK aTh1 Republic of IFRS 1021 lelfedNe 1 Jamary 2019Y, Finantial ReportiNJ
standa 102 The Finwaa,, Repo.n9 StsThlard applica n the UK and Republic of Irekgnd, th8 Companies
Act 2006. The finanryal 5tstwnents have been kwep urKler the kM5torK (x)st (xywentK)n. as m(MIifi by
rèvaluath)n of clain assets.
Golng e¢)ne•m
During the year the truslees of Ihe War Mernonal lage Derby have been in neg)ti8lK)n wrth Dwby Home5 Limiled.
thè charilgs rent and proputy mwienance sefKe provthr. rarthng a Iransler lo Oerby Homes Lirniied
ofthe 858ets and oper8¢K)rk% d thè War Mlaje t.
Thls w85 stheduled to take thr1j 2025, IT. has be Ihwè is no dèar datè as to when
thè transfer will take pla.
Refèr to the note n these firkincia SlateM Pc6t Bal¥ SW E¥ts.
Slgnlllcantjudgèmonts and •stimat•s
The esbmates and undutyiThJ assumpti& arè on an (WXTh3 basis. Réisions to 8CeAyJnbn9 &Stimatès arè
r8cognised in th• per¥)d in thich Ihe esknate is iewsed il revis orty affeXs thal or in the of the
revL8ion and fulure periods rf Ihè miSK)n aff&#s frjlure wit
THE WAR MEMORIAL VILLAGE-DERBY NOTES TO THE FINANCIAL sTATEME1s - continued FOR THE YEAR ENDED 31 IAARCH 2025 ACCOUMTING POLICIES- contInl Incom¢ Income IrLNn trading ¥tMts"•s ima1•S income eaM frun fundrais•ry and actNibes to we funds for the charity. i8 reivèd in ÈXdr for Sup$kn"r gctsjs arwj SiCe$ Mi cder to raisa funds aThJ i8 reglS9d when 1le[t has ocojrred. Irhvgstrnenl inc0rn8 is wned thr(KKJh hclding assets investm1 purpose5 as bank deposil accounis. It relates lo bank inlere51. Interest is recrJw5ed th& ¥ffacbv¢ Miiefysl method incom& is rwnis as the righl to [¥• paym1 i8 establ. Debtors Other debtS rewJrHs•J al the se1yeml wrxmi duo loss (scthrt. Pr¢paym$nts a valugd at arnount prepaKJ. Expenditwg Llabillties are rec(nISed as expenditu as scon as Ihwe 15 a legal rK conslnttrve rtA3ation comrnillirwj the tharity that expendilure, il is probable that a translerol benefits will te reouired in settlement and the amount of the obligation can be m&%ured r&. ExpeThJ'lure 15 acco11 for w an a¢xruals b85is and has bpen Claled under headin95 Ihat wJryegate all cosl relatèd 10 Ihe fatwy. Whue costs can1 be directly attrlbuted lo paxicular Cr•ditors Credrtors are rw1$ tharity has a pres{ r&ulliNJ from a pasl e¥t that tfjll probatty resull in Ihe trartsfer of funds ¢0 a 'r party and arrK)unl due to Se the obli93tiorb be rneasurpd gr eslimated rdiably. Creditors arè rewnised ai their Sett?1 am01. Govern¥e costs svernance costs comwk8e al cnsts inv¢)%irvJ 0xbItitY of the tharity arKI iFKlude ts reimbur59rnenl of t¥$tee$. experses tJSts r£t to Ihè siatutory aKfit. Allocatyon and apportionmtrtt of eo Thé costs of the charity have been AwbCl on the basis of ts wncwrt sppA on the main aclivity thé charity which is the prO¥ln of hthLwn9 SÉlVth%. Intan9lble asgets Arnort15atn is calculatgj so as to Yrte (Al cost ol an asset. less As estimaled residual vJe. over the usè1 onomic lrfe of that assét #s follo. Computer softwe fe W•bsil&. ovw 5 yoars strntyt Tanqlbl• Ilx•d Fre•h¢d properh.es re1 at ¥8. 31 2014. ijnder FRS 102 thè trustÈès havè èltad its refiect Ihe (thd at dwned cost. TIble fixwJ ** ww)w stated at cost dewned cos( less accumulated depreualth. Cosl Iude$ costs 1"1eCtty attsitArt)le lo rnirMJ the a5sel pable of Operati as IntÈndÈd. Fre9)1 properties, which a Pfop&1es, are spkt bebbEen strte and those rnajor eompMÈnts which rewwe pertodic repla1. Repl1 (x restyaiw)n ol suth major componerts is cawtah.sed and depr8riated over the average estimated useful lrfe. The Ww Menvial Village Derws assel management Str2tÈgy and the wuiremenls c4 the Den1 Fk)mes Slandard. Deprec4atron 15 chwwl over Ihe exp [01 lives as fc110." Year4 100 Slrudur Roof w1nd(V and dry)r5 Kitchens and bathIClS 25 Pa9è 13
THE WAR MEMORIAL VILLAGE-DERBY NOTES TO THE FINANCIAL STATEMENTS- ¢ontlnued FOR THE YEAR ENDED 31 MARCH 2025 ACCOUMTING POLICIES- contInl OePr1atIOn is charged over th8 u5ehd death ¢)jMpWt asfdLYW5'. Y•ars 100 Structure Wirnjows arm1 drS Krtchens aTrJ balhmoms 25 TJnglblo fix•d a•s•ts Methanica services Pting and plumbiwwJ Fit out ¢xsts Solar panels Elactrical 25 25 A transf8r is madè from the maluatvm reseThg to thè YKx)mè and •xpeThJiture acc#yJnl gqual to th8 dif8rce betsrtÈn deprttkqtion for the yèar 1#Id on Ihè basis fA thè histoiitA ts)st and Ihè actLfdl dpAln charge vknich ts ¢aculated Lk8ing thg revalued amounts. In addiiwjn, d4wation is pKovthJ at r cffl t1("1 assets.. ImkYovwn8nts to proFwty Fixture5 and fiib'n9S Computer equipment 4% •trht lith• straight Ilne 25% straight lin• Taxation The ¢h8rity is exernpt from trJww)ratw its chariable •al¥ll. Fund accounthg The charity has both reStitt 3Th1 fiJThts. AH fu)ts are used to aThJ the charitsblg Jject5 01 the charty. Unreslricted funds are furth are av3ilAe for use at c4 tr[195 in furtherancè of the Restricted funds Ixn be used for restFied p$e9 within Ihè obieds of thè tharity. Re5lricti( arise when speGified ty Ihe (kwor when fvbnds are Tal1 kn parfi¢AAor restr& PLYtM)ses. Further explanabon of the aThJ ol $trIc tuThJ is fftd in the notes to the finanaal siatements. Flnanelal Instruménts Financial ir6trumenls we classiful and xtounled fcv, 0)I"ng lo Ihe substrE ol the CL)ntractval arraroemenl, as éithèr finantial assets, financial I'abiliti or insknrnts. An equity Instrm•nI ks any comrad that èvklentss a resi ieI in the assets ol theccrfnpwry aftw dthxtirYJ al of ts liabiliti&s. DONATIONS AND LEGACIES X125 2024 17 695 Pag& 14
THE WAR MEMORIAL VILLAGE-DERBY NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2025 INVESTMENT INCOME 2025 2024 Depo&t aco)unt inlwest INCOME FROM CHARITABLE ACTMTIES 2025 2024 Rental inujme 342.732 315.182 CHARITABLE ACTMTIES COSTS SupF costs { *le 81 nol8 71 Tolals 303.744 8,070 311,814 ORECT COSTS OF CHARITABLE ACTMTIES 2025 2024 TrusleÈs' expens8S Rates and water Service eosts Grounds maIntae Maaml fee Rants Insurance Dala processng Legal and pro(skMI General o)sts Bank charges Bad debts Intern htistMIg D4)reoation Inierèst payab and shnilar tharg8S 1.830 8,582 66.717 22.107 48.662 6,000 12.697 120 7.$00 170 63 2.300 1.645 42.235 19,387 45.605 6.CMJo 11,280 634 5,400 200 68 1206} 496 ,232 41.736 450 86,146 40.579 303.744 267,012 p15
THE WAR MEMORIAL VILLAGEiIERBY NOTES TO THE FINANCIAL STATEMENTS - conllnuad FOR THE YEAR ENDED 31 MARCH 2025 SUPPORT COSTS (>)vemance costs Housing servi Support Ct. irnjuded in Ihè atrt)vè. are as 10kn.. Go¥•ma• c¢Jsts 2025 Hc¥Jsing servi 2024 Total activities Tnjstees, expenses Auditors, rwnunerat Accwnlanw arvj IwJal l¢es 306 4.710 39 7.980 8.070 5.055 NET INCOMEI{EXPENDITURE) Net hxornrfexpMlilurel 15 slaled after dr(leI. 2025 2024 Auditors, reMerydtl0rt DeprgQdt- assèts Ccmputer so8re WnCKtisat 8.070 68,146 4,710 88.132 10. TRUSTEES. REMUNERATION AND BEIIEFITS Therè We no tnJst8es' rnmkThratk)n or other lor yew 31 Mwth 2025 nor the year eThJ& 31 Marth 2024. Dumg the year fo10r h¢)IK paid to Iwj tWU51ee5 10 (x)ver 8xp8n589 irojrred by thèm during thè year. K H Jenniros . chairm £1.50012024.' £1SX)) Mr J SmJe- Treasurer £5¢<2024. £)} Two {2024.. 0} pr(4)efliÉs wAthin thè War mèrlkx IAll4è Dwby 181 to IhÈ follLwMVJ trustoas. Thè rènts aro commensurate with similar propert$ withii the viwe. Twust•• Annual r•ntal knnual rental 2025 2024 t)oyle M Martin 6.258 6,453 5,770 5.953 TtAal 12,711 11.723 Page 16
THE WAR MEMORIAL VILLAGE-DERBY NOTES TO THE FINANCIAL STATEMENTS - conllnued FOR THE YEAR ENDED 31 MARCH 2025 10. TRUSTEES. REMUNERAnoN AND BEFITS- e4JntThAd Tiust•••' expenws 2025 2024 Trustees. exe9 1.830 Trdvdliffj experkses totaire £rll12024." t3() reimbwsed to rol (2023". e) tntste8. 11. COMPARATIVES FOR THE STATEIIENT OF FINANCIAL ACTMTES Rèstrie funds Total funds funds INCOMÉ AMD ENDOWMENTS FRO Donations and legac*s Charltablo actlvltl¢s Housirrfj serv 315.182 315,182 Investmeni I)¢1)0 2.6S7 2,6S7 Tolal 318.534 318.534 EXPENDITURE ON Charitabl• actly1tS Hw5in9 servi¢es 242.83S 272.067 NET INCOMEIIEXPEIXIITURE) 75.699 (29,2321 46.467 RECONCILIATION OF FUNDS To1 fur browht luwafd 5.016.298 245.425 5.261.723 TOTAL FUNDS CARRIED FORWARD 5.091.997 216.193 5,308,190 12. INTANGIBLE FIXED ASSETS Computer software COST At 1 2024 and 31 Marth 2025 AMORTISAnoN At 1 Aprd 2024 an(131 Marth 2025 NET BOOK VALUE At 31 IAarch 2025 At 31 Marth 2024 Page17
THE WAR MEMORIAL VILLAGE-DERBY NOTES TO THE FINANCIAL STATEMENTS- conllnued FOR THE YEAR ENDED 31 MARCH 2025 13. TANGIBLE FED ASSETS Freth¢Yd propwty nd cLmpUtèr eouiprn& Totals COST At 1 2D24 Additions 6.078.313 2.978 6.144.808 At 31 March 2fX25 6.14(820 6211315 DEPRECIATION At 1 April 2024 Charye for year 576 18.160 1.491 2,966 12 624.550 88.146 84,911 At 31 2025 679.759 111.30 19.651 NET BOOK VALUE Ai 31 2025 5A65.061 31972 S 498,619 Al 31 March 2024 5.483,465 34.704 2.077 12 5,520.258 Iuded in c% CK Y1.0ft of lxl butth"NJs ts frowd laThJ of £2.$25,54712024 - £2,525.5471 whlch is not d9p11ated. Fr¢elKdé properlies Mthin The War VllwJe twby TAere by 8 firm ol CA)mm8rtsal properfy cK*rffjullarts and land agents as at 31 2014 m rdance with the RICS Valuation- Prolessional Stan¢Jar<ls on Ihè ba&s ol mathet Val vacant thxsessh)) s"fiC for So<>a HoIng. On to FRS102 this valuation was dected a5 deemed cost lorthg asset kKxff(kn. In May 2023 the tW51ees oblaingJ a ol Ihe The War Memorial Willage pr(yerties. This has t be8n IUded in these fThnC1 Sla1wnttS bth vabRs Ihe propth5 a £6.7 mikn which is of Ihe dwned (£Jst. The historical cost of houswvJ les5 is £2.331.59312024.' £2.29J.5631. 14. DEBTORS.. AMOUNTS FAWNG DUE IIITHIN ONE YEAR 2025 2024 hÉr dèbtors PpaYfflts 39.667 24.536 41.818 26,486 P898 18
THE WAR MEMORIAL VILLAGE-DERBY NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2025 15. CREDITORS.. AMOUNTS FALLING DUE IMTHIN ONE YEAR 2025 2024 Bank loa overdrafts {see noie 171 othw uedilors Cruals aThJ deferr1 19A73 38.008 18,174 33,847 8.835 Othw a5 at 31 Marth 2025 Md18 final ojsts. rthtMs. ol phase 1 d the build corn8ted by 31.03.20T2 01 £29,98912024'.£29.989). 16. CREDITORS: AMOUNTS FALUNG DUE AFTER IW)RE THAN YEAR 2025 2024 Ba hjans (see 171 494.578 17. LOANS ana&S ol maturity of h)ans 15 l)ehyK. 2025 2024 Amounls falh'rrfJ Mitrin year on d. Bank loans 18.174 Am(Mwts tslliry due belween and ffi¥e Bank loar6- 2-5 years 93,02S Amwnts falling due in mtwè than fvè yèats". RYable by instalmwts: Bank lo4r6 S yr by insl 401.553 427.030 The bank ban is $e¢ured by a a fit W tharge datwj 20 0bar 2019 over all freehold prrwty known as bnd on Ihe rorth wde ol Sinfm Road. Shdton Loth. tlety. 8ank kjan temis of rep3ment we 0)b 2039 whd iniwesl payable at 2.75% base rato on thg principal amount. If Ihis tsM5 bekn• 0% tlw Ik is 0%. 18. SECWiEO DEBTS The followng sec3Jr&J debts we irKluded c¥edrtry5.' 2025 2024 Bank loan5 514 051 Page 19
THE WAR MEMORIAL VILLAGEERBy NOTES TO THE FINANCIAL STATEMENTS - Continued FOR THE YEAR ENDED 31 MARCH 2025 19. MOVEMENT IN FUPXIS Transfers movement in fLW Al 714r24 funds 3113r25 ntriCd fvnd¥ Gener fund ReVaation fw 1.381.550 3 710 447 61156 10.202 10 1.454.908 3 700 245 S.091997 63.156 5.155.153 R1cd fvnd$ Wdfare fund Propety r¢devdLVngrt 3.889 3.889 216.193 29.232 TOTAL FUNDS 308.190 33.924 5.342.114 Nèt moVnI in fus. mdLKl8d hi lh• ab arn as fdkths.. Inc£ffti Resources Movement in fLmds UM•strtcted fund Gener81 fund 3738 1282,582) 63,156 R•Str1¢t fund¥ Propety redeVelOpnt (29.232) (29,232) TOTAL FUNDS 345,738 311.8141 Comparav•S for In funds Trafer$ between funds At 3113r24 114r23 in funds Unrestrlcted funds General lund RevaluaC fund 1,295,649 3.no.649 75.699 10.202 10.202 1.381.550 3,710,447 5.016298 75.699 5.091.997 R•8trlct•d funds Wdfare fund Property redeveb¥m8nt 3,889 241,536 3.889 212,304 29.2321 245,425 29.232 216 193 TOTAL FUNDS 5261.723 5 308 190
THE WAR MEMORIAL VILLAGE-DERBY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 19. MOVEPAENT IN FUNDS- conilnued ComparatNe nel in f[M. in ts )o¥e are a5 fokns". Ineom Rèstsurcès exp9 M0Vernt in funds Unrgotfk¢tod funds General fund 318,534 1242,B351 75.693 R•8trlctsd lunds Propwty re¥down¢t 129.232) {29.2321 TOTAL FUNDS 318.534 272.c6n 46.467 Restricled funds rxrfnprise.. W•llar• fwKI Rdatos to a donalK)n from the Royal Brilish fvknton beir%J a smdl relief fLd lor the Ware ol thtsadvantaged serricemen and ex- servicemen. R•dov•lopm•nt fund The lurMI relales to the a110(3tiM ol RwJht Buy receyts as granl fvndiro from Dwby Cty uncil. The grant ig kr Ihe replaCent of propwtw arvj th? of Tran>f•rs b•tw••n lund• A trwsfer is made Irom the reValUatK r859rve tg wKx)m8 and expen¢Jilure etsUnt equal to the drfference bèhveen the dePlatn chwge lor the yew caated the basis of historical c4)5t and Ihe actual deprecaalKn charge which is cak#Jlth aTWts. 20. OTHER FINANCIAL COMMITMENT5 As at 31 March 2025 tharity W finarKial >M11Mts (rf £54.1x 12024.. £60.ocKII in respect of rents on 18asehold prnpertias. The wmrnibment rerts for Iwm ol the lease expires in 2034. 21. RELATED PARTY DISCLOSURES Thèr8 werè no relat party trartsth kn theyear dj 31 Marth 2025. 22. POST BALANCE SHEET EVENTS During Ihè yèar tsusi88s so11 regardry a wcw6ed transfer of th8 assets and operalions of the charity lo its 5wviGe provKJer DeFby He$ Limiw. was rèac to Ihè ujrrt trns1. wish lo rellre. Thè proposals lorward arn subpct to t1uè chs and irthje deace by th8 Chwily Commi8sKin and il is not yet dear what ts date cl Ihe trar6fervil be. Dwby HcrfDes is Arm's Lw¥th (W5aiw {NLMO) and i% 8 1(Xl% ownèd sthidiy of Dèrby City CcyJneil. P¥Jè21
THE WAR MEMORIAL VILLAGE-DERBY NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2025 ULTIMATE CONTROLLING PARTY The dwnt*lB is by its P)8 ofTn Py22