THE WATERLOO ASSOCIATION
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31[ST] DECEMBER 2024
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THE WATERLOO ASSOCIATION
FINANCIAL STATEMENTS AND REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31[st] DECEMBER 2024
CONTENTS
| Pages | |
|---|---|
| Report of the Trustees | 3-4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7-8 |
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THE WATERLOO ASSOCIATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31[ST] DECEMBER 2024
Statutory Information
The Waterloo Association is a registered charity number 269938 constituted by Deed of Trust dated 24[th] July 1975. The trustees have unrestricted powers to make investments.
The objectives of the Waterloo Association are as follows:-
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To promote public education and appreciation of the history of the wars between Great Britain, her allies and France, known as the Napoleonic wars.
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To preserve and safeguard the sites of the Battles of Waterloo and Quatre Bras.
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To encourage a better understanding of the events which preceded the Battle of Waterloo and the course of military operations of the campaign of 1815 and its consequences.
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To encourage research on all matters pertaining to the campaign and to assist in the publication of such research.
Trustees:
Major General Sir Evelyn Webb-Carter KCVO OBE DL - Chairman
Dr John Morewood PHD MA (Hons) (Oxon.) MEd (Sheffield), HMD, NLP - Hon. Secretary and Secretary to the Trustees
Gareth Glover FINS - Hon. Treasurer and Charities Act Compliance
Trustee; Lady Jane Wellesley
The Trustees are appointed in accordance with the Trust Deed
Bankers: Lloyds Bank, 12 Rowcroft, Stroud
THE WATERLOO ASSOCIATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31[ST] DECEMBER 2024
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The Council and Management Committee currently comprises:
Chairman: Major General Sir Evelyn Webb-Carter KCVO OBE DL
Hon. Secretary: Dr John P Morewood PHD MA (Hons) (Oxon.) MEd. (Sheffield), HMD, NLP. Hon. Treasurer: Gareth Glover FINS
Council Members and co-opted: Lady Jane Wellesley, Ian Binnie, Paul Brunyee, Paul Chamberlain, Owen Davis, Will Fletcher, John Hathaway White, Mike Robinson, Alan Yonge and Ian Yonge.
Future and on-going Activities:
Many of the funds of the Association are unrestricted, which thus may be used for any of the Association’s charitable activities and will be utilised primarily for the following projects:
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Hold an Annual General Meeting and lecture and hold an Autumn Council meeting and lecture
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Support various evolving regional events and conferences devoted to the study of the French Revolutionary and Napoleonic Wars, in particular, the Peninsular War 1808-1814 and Waterloo 1815
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To produce an edition of the Waterloo Journal three times a year
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To continue to support the Register of Memorials Project
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To further develop the Association website to inform and attract new members
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To assist in the restoration of appropriate memorials to those who fought in the wars of this period
In addition to financial support and providing and running events, the Association members are actively promoting its aims by raising awareness of the period of history by;
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Supporting the efforts of the Waterloo 200 Committee
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oSpeaking at a range of state and independent schools and educational conferences
The prudential control of costs leads me to believe that the Association will have no problems in continuing to fulfil its obligations. Since last report sterling work by the Membership Secretary has led to members who were behind in their payments paying their arrears. Numbers of members showed a slight increase from 667 to 675.
……………………… Date …1[st] April 2025………… Dr JP Morewood PHD MA (Hons) (Oxon.) Secretary of the Trustees For and on behalf of the Trustees of the Waterloo Association
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THE WATERLOO ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31[ST] DECEMBER 2024
| Notes Income and expenditure Incoming resources Membership subscriptions note 2* Donations Sale of Association Goods Gift Aid refund note 4 Income for Association Eventsnote 5 Revenue from Adverts in Journal From Memorial Account Interest 32 Day Deposit Total incoming resources Resources expended Journal production note 6* Administration expenses Quatre Bras Memorial Ins & Maint Cost of Association events note 7 Restoration of Memorials note 8 Payment for Website note 9* Other Total resources expended Net movement of funds Fund balance at 1st January Balance at 31st December** |
Unrestricted funds 2024 2023 13,366 13,217 234 264 0 68 1,842 1,439 27,396 26,846 0 0 1,000 50 1,224 1,204 45,062 43,088 7,861 11,081 541 282 501 159 30,493 28,519 1,124 148 770 732 31 25 41,321 40,946 3,741 2,142 61,112 58,970 _____ _____ 64,853 61,112 |
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THE WATERLOO ASSOCIATION
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BALANCE SHEET
as at 31 DECEMBER 2024
| Note Current assets Cash at bank and in hand 24 Month Secure Account 32 Day Deposit Net assets Funds Accumulated funds *note 10 Quatre Bras Memorial maintenance fund Held as ‘Safety Net’ |
Unrestricted 2024 £ 12,903 0 51,950 ______ 64,853 64,853 211 6,500 58,142 |
funds 2023 £ 15,126 10,000 35,986 _____ 61,112 61,112 712 6,500 53,900 |
|---|---|---|
Approved by the Board of Trustees on 1 May2025 and signed on its behalf by
Dr John Morewood PHD MA (Hons) Secretary to the Trustees
Gareth Glover FINS Treasurer
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THE WATERLOO ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31[st] DECEMBER 2024
These notes form part of the accounts
1) Accounting policies
The Financial statements are prepared on an historic cost convention and in accordance with the applicable accounting standards, the Statement of Recommended Practice on Accounting by Charities and the Charities Act 1993. Full credit is taken for subscriptions in the month the subscriptions were received. Life member funds are recognised as received, as none of the income is repayable upon resignation of the life member.
2) Membership subscriptions
Total membership subscriptions remain steady.
3) The Restoration of Memorials Account
Financial data for the Restoration of Memorials account is only included in the Association’s Accounts for information. Fundraising increased the fund by £148 and the fund now stands as below.
| Income and expenditure 2024 £ Incoming resources Draw & Donations 124.20 Net interest 23.41 _____ Total incoming resources 147.61 Resources expended Contribution to memorials 1,000.00 Total resources expended 0.00 Net movement of funds -852.39 Balance at 1st Jan 1,895.53 Balance at 31st Dec1,043.14 |
2023 £ 148.00 16.16 ______ 164.16 0.00 0.00 164.16 1,731.37 1,895.53 |
|---|---|
4) Gift Aid Refund
The Gift Aid refund received this year of £1,842 has increased from 2023 as more members sign up to the scheme, however there are a number of eligible members who have not signed up to Gift Aid
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yet. The Stripe payment method is definitely encouraging more new members to sign up for Gift Aid.
5) Income for Association Events
These are monies received for the Association trip to Paris in April 2024 and Peterborough conference, alongside payments from Zoom lectures for non-members, the regional events & Sir Evelyn’s Walk.
6) Journal production
The cost of producing the journal has actually remained static. Figures for 2023 were inflated by production of a ‘bumper’ Anniversary journal in 2023.
7) Costs of Association Events
This figure includes:
- Association trip to the Paris in April 2024 and the Peterborough event which both broke even. Regional events however are costing more to pay speakers although partly covered by income from these events in (brackets).
AGM £995 (£0) Cambridge Gun Club £585 (£675) Winchester £828 (£212) Birmingham £575 (£444) Leeds £244 (£128) Bristol £273 (£361) Chelsea Hospital £625 (£424)
8) Restoration Fund
- The fund has contributed to a memorial project led by the Howden Civic Society for £1000.00
9) Website
Cost of website activities has been unchanged this year and consists of maintaining our two websites (general website and the Napoleon Series) and zoom expenses incurred for the winter online talks.
10) Accumulated funds
Accumulated funds reflect the ‘Spare’ or ‘Unrestricted’ money after all necessary deductions have been made.
Following the subtraction of all ‘Ring Fenced’ funds (QB Memorial money). With the account requiring a ‘safety net’ of £6,500 there is a maximum of £58,142 available to spend on projects.
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EMamlno1'8 U•11110d roportitora non-comparrycharltypreparin¥accruais aceountll wlth8 gf4)M In¢omgof £250.OfyJ orl•ss Inthe ralevantllnan¢lalyo8r Ind•pqndent oxarnln•r'ts r•pOrtt0thotrSf0o1 the waterAo¢10tl0Tr I reporttothe trustaes on my8x8mln8tSon of the eccount$of thewateflooA5S(iation tthe A9sociationl fo>rtheye8rended 31 December2024. Responslbllltles bosls otf•POrt A5 the charitytrustees of theAssociatiun.you ar8 responsibleforthe prepar8tion of the accounis in 8ccor4ancewith the requirements ofthe Ch8riti8sAct 2011 I'the Act'l. I roport in respect of my examin8tion of theTrust'83ccounts cBrried out under$e¢tion 145 of the 2011 Act And in carryingout mYaltiOn I h8vefolLowed 8llthe&ppUc8blegire¢tionsgwen byihe Charity Commission under section 14515llbl of theAct. IndepondentOX8mlner'$ st•twn*nt I cornpleted rny examination. I confirm th8t no m8t8rial matters have come to my attention in ¢onna¢tiom with th8 examination ghring me causeto believethgt In any mAteri81r8spect= 1. &¢countlngrecordswere not kept in respect of the Trust 85 required bysection 130otthtAct.' or 2.tha a¢count#do not accord WhthOs8 records,. or 3. the accounts do not¢omplywllh the appliceble iequirements concerninÈtheform and content of accounts setout In the Ch8rities IAccount&and Reports) Regulations 2008 other th8n 8ny requirementth8tthe ac¢ount$give a'trJeand falrvlewwhich Is not& matter considered as P8rtof an indepen(Jent exaFnination. I have noconcerns and have come Bcro&% nooth8r matter8 in connection with th8 examination to which Bttention should be dr8wn inthis report inorderto en8ble8 proper under$tgnding of the acGountsto be reBched. 8Sgned.. Narne." Trj" Relevant profe95ionBI qu81ificwion or member$hipof prof8sslon81bodles Ilf 8nyl'. Addres5'. 5 g T)ALHpKo Pai£ S i TrLEpllS Dèttr Isk RPAIL 25