CHARTfY REGISTRATION NUMBER: 279644
West Indian Association Of Service Personnel (WASP)
Unaudited Financial Statements
31 March 2024
KBM
Chartered Certified Accountants
1 Concord Business Centre
Concord Road
London
UK
W3 OTJ

West Indian Association Of Service Personnel {WASP)
Financial Ststements
Year ended 31 March 2024
Page
Trustees. annual report
Independent examinerfs report to the trustees
Statement of linancial activities
Statement of financial position
Notes to the financial statements
10

West Indlan Association Of Service Personnel (WASP)
Trustees. Annual Report
Year ended 31 March 2024
The trustees present their rewrt and Ihg unaudi18d financial slalements of the charity for the year
ended 31 March 2024.
Reference and admlnlstrative detsils
Reglstered charity Dame
West Indian Asswalion Of Ser¥￿e Personnel (WASP}
Charlty registration number
279644
Prfnclpal office
165-167 Clapham Manor Street
London
SW4 6DB
The trustees
Dr. S Marshall
Mr. P Lee
Mr. O D Thompson
Mr. D Thompson
Ms. K Kensiroton
Mr. W t)ouglas
(Appointed 8 November 20231
{Appointed 28 March 20241
Independent examlner
KBM UK LTD
1 Concord Business Genlre
Concord Road
London
UK
W3 OTJ

West Indian Association Of Service Personnel (WASP)
Truslees. Annual Report (eonll*l
Year ended 31 March 2024
Stru¢ture, governance and management
Chairman
Treasurer
Assisiant Treasurer
Secretary
Public ReEalions Officer
Dr S Marshall
Dr S Marshall
- Mr D Garnes
- Mr C Mckoy
- Mr P Smith
GOVERNING DOCUMENT
The organisalion is a charity and registered wth the Charity Cornmission on 16 January 1981. The
organisation was established under a consbtution wh￿h eslaNished the obje¢ls and KKiwers of the
charitabla organisalion.
APPOINTMENT OF THE BOARD OF TRUSTEES
I trustee's appointrnenls were fecommended lo the executive committee after a thorough search for
suitable candklates and Fxltential trustees und&rgo criminal records bureau chècks and other
dlsclosure pr￿sseS prior to appointment.
On appointment, each trustee is gwen a standard truslee briefing pack a￿1 undèrgoes an induction
briefing. Annually, trustees are U￿ale￿ folk)wing the Annual General Meeling. A register of trustees,
inleresls is helj centrally. The effectiveness of the executive committee is assessed during the annual
revtew of th8 management plan.
We are conlinuiThJ looking lor a new trustee wth various e￿￿[￿se arKJ skills to improve the
governance of chartty.
DECISION MAKING
Trusiees, meeting as an execthNe coJyJmrttee 12 times per year al least. approv6 policy. delegate the
day-lo-day managemenl of staff and volunteers and receive retKJrts on actwities and their pmgress.
AnnU￿ly, in January, the executiv8 committee approves the outline t*Jsiness objectives and reviews
Ihe c8ntral income and expenditure I￿￿get, recommendirg adjustrnents as r*cessary for the next
year. The executive committee rewew reports, makes decisions on any poficy issues which may arise
and direct how these issues shoukl bg implemented. The association's general membership meets 6
limes pèr year and the exewtive committee consMler5 arKI rewews proposal put torward by the general
membership.
RISK LIANAGEMENT
The 8oard of Trustees has coThlucled a rewew of the major risks lo which the charity is exposed.
Where appropriat&. systems have been estabb5hed to mitigate the risks thè charity faces. Inlemal
control risks ar8 minimized by the implemenlalion of procedures for authorization of all Iransaclions.
Procedures are in plac8 to ensur8 compuanca wth health and safety of voluntsers and users of the
Association.
ORGANISATIONAL STRUCTURE
The Board of Trustees mèetings hava baan held regularly to direct. oversee and assess the
administration of the organisation and lo consider Oprx>rtUn￿e$ for fundraising.
With the assistance of volunteers. the organisalK)n has ￿en alje to locus on wvemance, building
maintenance and outreach thrDughout the financial year.
Th8 Executwe committee is made up of Chair, Vice Chair, Treasurer and Assistant Treasurer, all of
who are elected every three years. Each year a Public Relations Officer arKI a Welfare officer will be
elecled.

West Indian Association Of Service Personnel (WASP)
Trustees. Annual Report {t•)nVnued)
Year ended 31 March 2024
The Executive committee apwxnts the folbwng committee members - Pre￿dent. Vice President,
Secretary and Assistant secretary. They serve for so long as the Committee decides. In addition. the
Committee can apFX)int up to 4 co-opted members.
PUBLIC BENEFrr
The trustees confirm that they have complied wttt) ihe duty Charities Act 2006. Part 1. section 4 to
have regard lo thè Charty Comrnission's general guidance as to guidance as to opgration ol public
requirement. The charitls obiectives and achievements are set out below.
Objectives and actlvities
With regards to the guKlance ol the Charity Commission on public ￿nefft. the trustees confirtn that the
objecls ol WASP as established and Ir￿Or[￿lra1ed are..
1. To relieve the need, hardship and distr￿ ol
lalmen, women, chiktren and their (kperKlants Irom the West Indtes
Iblwidows. orphans and dependanls ol those who have served in Her Majestys Navy, Amiy, Air
Forc& or Auxiliary FOr￿S or in the mCrcanti￿ Marine during hosliles, afloat or in any Red Cross
organisation whilst Servi￿ wfth IEr MajesV5 Armed Forces- who are in necessitous financial
clicumstances orwho are suFlering from ill health or injury.
2. To advance the education of ex-serviGemen and women ol Ihe W￿1 Indie5, Iheir wKlows, wi(*)wers,
children and dependants wth facilities for recreation or other 1gisur8 time occupation in ihe interest of
social we￿are with the obiecl of improving the cO￿l[￿OnS of Itfe of such persons.
Our main activities include..
- The wowsion of Ireshty cook8d lood. nutTTbous. hol meals once per week lor an average of 16
veterans
- Social events 3 b'mes per to inckth dominoes. cards. krt)ard games, ￿ng0. trips and
lundraising events
- Wemare outreach for those veterans wrilh ￿sE￿)ke ne&ls to includ8 housing, employment,
health issues and finances.
In at*lition, Ihere has been a series ol speakers and workshops throughout the year to provide
education on hedlh issues relaliry to blood pressure, prostTate and bowel cancer. Mar¢y of the social
events include listening lo music, contributing to WWI and WW2 exhitmtions and Workshops and
providing a sustainable social hub. To achieve the 0￿-eCts ol the association we aim lo=
MaÈ)age our actiwti8s, both voluntary and prOfesS￿nal. to support more effic￿￿tty ex-serving
embers ol the Armed Forces and their families.
- Devebp puNic awareness of the Char(ty through carefuSty coordinated campaMJns
Raise suflicienl fund5 to". ¢stthish aThl maintan a year-on-year reserve fund. ensure there is no
running cost deliot in our annu￿ expendilure: lo purthase, refurbtsh arKJ mantain the fabric of our
HQ.

West Indian Association Of Service Personnel (WASP)
Trustees. Annual Report ftton
Year ended 31 March 2024
A¢hlevements and performance
The West Indian Associab'on ol se￿l¢e Personnel (WASP) continue to experience difficult trading post
pandemK. Whilst the public may have extra ￿$h to spend, and that may include some of our
members, W ASP was not that fortunate. The association do, however. acknovAedge the generous
c¢ntributions made by members lo us. Equalty. a sir￿re thank you to the 'WASP Volunteers the
unsgllish backbonè ol this charity-
Donatlons: We continue lo enjoy a steady revenue from donations, this woukl we believe Increase
however ihis client group do not use todays technology.
Members: Our membership nutnbers a￿ slabled" however more people are using the facility. We
have purchase a new mèmbership system that also acts as a dooi entry system and food ordering
tty)Is. 11 is yet to come fulty on stream, but it prepares WASP arKI wovKle securÉty as well as a trace
and Iraeking systems that is increasingly required in lodals society.
Food Bank: WASP fc>od bank is gcxl sent sals our mern￿rs as they rely more on this service more
than any other. It is an un-conlortable slale of aflwrs. lo see people whg have worked for half a century
and now using a food bank. WASP Trustses has initiate getting increase resources for our members
to retain their dHJnity and se￿-reSpect.
Domino Teams: We have hekl our own league malches and continue the socia event to maintain a
community spirit and assist the ellects ol seM4solatitins by MeM￿r$.
WindTush- This is a very concemiTrJ strtuation due to SU4x￿oN many veterans e1￿ible lor Windrush
sehemè have gone underground. This is a worrying change ot events. We are nevertheless he￿ to
provide them with whatever they ne&1.
Intergeneralional Domlno: WASP has embarked on an initiatNe ot using domino as a loll lo
encourage young peO￿e to improvè their maths by this game and other SOCI￿ s￿IL5 including conflict
resolutÈon. This was a Common pract￿ in the Caritrt)ean.
Zoom: For the lorese8able future this seems to ￿ the mode of communication to impart infomiation.
Whilst our membeTS are plawng calch up WASP has aL¥4uired a new set of m8mb8rs a good
kno￿edge of this technology.
Autlsm: Continues to be a much under rat￿ seNce but our Aultsm VoKe are making a pathway by
educating and providing much needed hand hekl seNice to the communty.
Covld 19: WASP eontinue to provvJe for ts members to combat this disease, w8 are gnsuring we do
all the right things.
Thanks and Gratitude
Thg TrLJStees of the Board and Ihe membership ol WASP woukl like to Sin￿relY thank the Chaiman
of WASP from 2012 - 2023, lor the signtficant contrilyJtion to the asso¢iat"on its members and the
wider Community. Under his stewardship, we aslablished the WASP annu￿ March Past on
Remembrance Sundays, Ihe focyJ, and cioths bank, became financialty ind8p8ndent and increase the
number of other organisations and people using Dur HQ, thereby increasing seNices, and providing
greater advocacy. Th8 bases of that team remains and wth the new Trustees will hopalully. continue
th8 direction estak￿1$hed. The input ol Cok>n81 Lary Davis and Konstantina was invaluabl& to our
SLJccesg.
WASP has been ￿OVvj1rQ lor vèterans and the communty since the etKling of Workl War 11, sad
those who started this organisation provKling so much to so fflany have passed. We woukj
neverthgless like lo acknowledge posthumousty fortheir d8dution= Ronny Webb. Laurant Philpotts,

West Indian Association Of Service Personnel (WASP)
Trusiees. Annual Reporl IGty¥frttued)
Year ended 31 March 2024
Noel Davis, Sam King, Mr. Elden, Alan Wilmott, Connie hAark. Jimmy Leigh, Betty Evans Jacas, are
just a small number of those who have been the backTrx>ne ol WASP. In case we forget they gave us
the balon and vision to stabilise WASP by providing tor veterans, noyrf expand lo the wder eommunity,
ensuring Ihal 161-167 Clapham Manor StreeL o)ntinues to t￿ a haven for veterans and community
alike, to becorne financial independent and lo be al the lable ol decision for cwr veterans and
community.
Futurè Plans
There is no signif¢anl change to the strategic objects in support of our oveTall aiwns. However, we
intend to:
RgVI8W OUT welfare activities wth Ihe aim ol provtdir#J a proactNe and dedicated service. including
the crealion ol a eommunity welfare volunteeT force lo help delNer the ￿￿are semce
Plan and deliver fundraising events to secure the funds n￿$sary to purchase arKI refU￿(Sh our HQ
and lo generally improve the scope arKI reach ol our seThi
Provide apwopriate publicty. PR, marketing and fU￿traiSIng eXpert￿e in supwrt of plann￿1 activrties
WASP HQ requires renovation and upgrade lo the roof, the etectrical, the wiThYows. ￿lling, cenlral
healing. energy efficient systems aTKI lechnui rnechanism to conduct seminars arKI to view the array
Of Inlormalion about the contribution lo workl peace by the people frotn the CaiiLthan. To that etKI we
will be establishing a ring-fence Building Fund bank account to carry out these phase works and io put
in place the technological social media systems to enab￿ our clieni group and the Mder community to
to leam, enjoy arKI PrOvK￿ lo our history wth InfOTmal￿￿ that they may have.

West Indlan Assoclatlon Of Servlce Personnel IWASP)
Trustees. Annual Report (C￿
Year ended 31 March 2024
FlnarJcl?I rgvlew
Th8 mernb8rs ol the Board ol Tn￿88S recognise that this year has cb)nation cdledon of £27.158
during the year. (2023: £27,301).
The accounts would reved thal allhough trading VRS rK)t at its best we werè at4e to rem81n so￿ant arKI
look forward to a more lucrative years to folkjw.
The Trustees also recognlse the contritrArtion of items donated by indivKluals and would like to express
our gratitude and aFf>reclation. We 7Kiuld like lo say a speci￿ thank you lo all ihe volunteer that have
contributed $0 much, thereby maklng the Ilves of some many more enjoyable.
In condusion, although the bt)ard was restri¢laJ Yéith its actI￿S over the past flnancial year our
members and supports stod( steadfast thus enablirKJ us to get bad% Into cyeralton ￿thout any
d[fflcul￿&s.
The accounts lor the year show decreasé in funds by £5.692 and lotal unrestrtctsd fund$ ¢arrl
forward al 31 st Ma￿h 2024 of £55,107
Durfng the year.
The Board of Trustees strive to mwntaln 8 pfLthJent level of reseNe5, adequate lo ensure the contlnu
operation of the organlsation. Thls re￿rt has been prepared in accordance vlth the Statement of
Recommended Practice: Accountiro and Reporting by Charitles (issued in 20151.
WASP has been steathly transfonnlng our h&2d warter lxj1ldi￿ at Clapham IAanN Street. We
commissiongd a conditional survey rewrt whl¢h gavo a rewr bill of £345L &nce then. we slartgj
to do the works which in lurn are cash drtven.
Th& trustees, annual report was approv*J on 2.Q.:.Ji..'J.
trustees by..
. and signed on behall of ihe ljoard ol
Dr. S Marshall
Trustee

West Indian Associalion Of Servlce Personnel (WASP)
Independent Examiner's Report to the Truslees of West Indian Association Of
Service Personnel (WASP)
Year ended 31 March 2024
I report to the Iruslees on my examination of the finan￿al statemenls of West Indian Association Of
SeNce Personrtel (WASPI {Ihe char￿) for the year eNd￿j 31 March 2024.
Responslbilities and basis ot report
The companys trustees are iesp)nsible lor the preparation ol the accounts. The companvs trustees
consider that an audit is rK)I requircd for this year under secbon 14412} of Ihe CharTties Act 2011 (the
2011 Act) and thal an independent examination is need￿1.
It is my responsibilty to..
- examine the accounts under secb.on 145 01 the 2011 Act.,
lo follow the procedu￿$ laid down in the general Directions gNen by the Charity Comwni5SIO
under section 14515llb) ol the 2011 Act,. and
- to glale whelher particular matter5 have come to my allention.
Basls of examiner's ststement
My examination was carried out in a￿Ordar￿ the geller￿ Direclions given by the Charity
)mWniS5ion. An examinab'on indudes a review of Ihe accounting records kept by the ch&ity and a
comparison of the accounts presented with those records. ft also inclu(Ics ConS￿eral10n ol any unusual
items or disclosures in the accounts, and seekirtg expLinations trom you as twstees concerning any
such matters. The procedures undertaken do not prO￿e all Ihe evidgnce that would be required in an
audit and consequenlty no opinion is givan as lo whether the accounts present a Irue and lair vie
and the report is limited to those matters sel out in the staiemenl t*h)w.
Independent examlnorfs statement
In connection wth my examinalion. no other matter has come to my attention:
{11 which gives me reasonable cause to bglieve Ihat in any material respect th8 r8quirements".
- lo keep a￿ountIng records in accordance ¥￿th section 130 of thè 2011 Act., and
- to prepare 8CCOLJnts which accord the accouniing records and comply with the acuunting
raquirements ol the 2011 Act
have not been met: or
121 lo which, in my opinion, attèntion sI￿U￿1 be drawn in order to enable a proper urKlerstanding ol ihe
accounts to be reached.
k(W
K3M UK LTD
Independent Examiner
1 Concord Business Centre
Concord Road
London
UK
W3 OTJ

West Indian Association Of Service Personnel (WASP)
Slatemenl of Financial Activities
Year ended 31 March 2024
2024
Unrestricted
funds Total funds Total funds
2023
Note
Income and endowments
Donations and legacies
Investment income
Other income
27,158
27.158
32.051
10,450
10A50
6.550
38,605
Total income
37.614
37.614
Expendlture
Expenditure on charikble activities
Total expendllure
70
43A06
43.306
39.489
43.306
39.489
Net expend5ture and net movement in funds
{5.692}
(5,692)
18841
Reconclllation of tund$
Total funds brought forward
Total funds carTled fonvard
60.799
60.799
55.107
61.683
55.107
60.799
The stalgment ol financial activities indude5 all gains awKI h)sses recognis￿l in Ihe year.
All income and expenditure derive from conttnuing aclMtTres.
The notes on pagès 10 to 16 lomi port of th•so ffinanctal stalemenls.

West Indian Assoclallon Of Servlce Personnel (WASP)
Slatement of Flnanclal Posltion
31 March 2024
2023
Flxed assels
Tangible lixed assets
13
4149
Current a89ot8
Debtors
Cash at bank and in hand
14
2￿5
2A55
6,561
7.161
Credltors: amounts f8lllng due wlthln one yoar
Net current assets
15
1A97
6.161
60,799
60,799
Totsl assets less ¢urnent Ilabllttles
55.107
55.107
Net a83ets
Funds of Ihe charlty
Unrestricted funds
5&107
5&107
60.799
Totsl chartty funds
17
60.799
These financial statements were approved by Ihe board of trustees aThJ auihoris8d for issue on
,.2S.:11...>.P., and arg signed on behalf of the board by:
Dr. S Marshall
Trustee

Wesl Indian Associalion Of Servlce Personnel (WASP)
Noles to the Financial Statements
Year ended 31 March 2024
General infomiation
The charity is a public benefft entsty and a registered charity in England and Wales and is
unincorporated. The address of Ihe princip￿ offi'ce is 165-167 Clapham Manor Street, London,
SW4 6DB.
Statement of compliance
These financial statements have ￿en prepar￿1 in compliance with FRS 102, 'The Financial
Reporbng Standard applicable in Ihe UK and the Republ￿ ol Ireland,, the Statement ol
Recommended Praclice applicable to Char￿e$ preparing their accounts in a(xordance Nth the
Financial Reporting StarKJard applicable in Ihe UK and A&public of Ireland {FRS 1021 (Charities
SORP IFRS 102)) and the Chwilies Act 2011.
Accounling policies
Basis of preparation
The lirwicial slatemenls have been prepaTed on th8 historical cost basis. as rn￿111ed by the
revaluation of certain financial assets aThJ liabilities arxl investment properties measured at twr
value through income or expermlilure.
The financial statements are prepar￿1 in sterling. whK* is Ihe fU￿bonal currency of the entity.
Golng concem
There are no material unoertainlies aLwJul the charitys thrrty to continue.
Judgements and key Sourc￿ ol estlmallon uncertalnty
There are no material uncertainties about th6 charivs abilty to conlinue.
Fund acwintlng
Unrestrictgd lurmls are available tor use at the discretion of the trustees to further any ol the
charity's purposes.
Designated fLJnds are unrests￿ed funds eamiarked by Ihe Injstees for particular future project or
c0￿mIlMent.
Reslricled funds are subjected lo reslrictions on their expendilure declared by the donor or
through th8 lemis ol an appeal, and I￿1 into one ol two sul>classes= reBlrieted Income funds or
endowment funds.
10-

West Indian Association Of Service Personnel (WASP)
Notes lo Ihe Financial Ststements
Year ended 31 March 2024
Accourrting policies (cothin
Incomlng resources
All incoming resources are included in the slalement of financial activities when entitlement has
passed to the charity,. il is prObat￿e that the economic benerrts associated with the transaction will
flow lo the chartty and the amount can be reliabty measured. The following specifi¢ wlicies are
applied lo particular categorie5 01 income:
income from donations or granls is recognised whw there is eviden￿ ol enlitlement to the
gitt, reccipl is probable and its amount can be measured reltabw.
legacy income is recognised when receipt i8 probable arKI ent￿ement is established.
income from donated goods is measured at Ihe Iwr vatue ol the goods unless this is
impractical to m&asure reliably, in ￿lCh case the ¥￿ue is derived Irom the cost 10 the donor
or th8 estimated resale value. Donated ta￿[theS and semces are rec(onised in the a¢counts
when received il the value can tt reliatAy measured. No amounts are includod for the
contribution of general volunteers.
In¢om8 from contracts lor the Sup￿ ol serwces is recognised with the delivery ol the
contracted seNice. This 15 classrfied as unrestricted funds un]e5S there is a contractual
requirement tor il to be st*nt on a part￿￿lar purwse and returned il unspent. in which case
it may be regarded as restricted.
Resources expended
Expendtture is recogniswj on an accrua15 basis as a liability is incurred. Expenthlure includes any
VAT which cannot be lully recovered. and is classrfied under headirwJs of the statement ol
finaneial actnriti8S to Yrtbich tt relates=
experKliture on raising futThts includes the costs of ajl furKlra5ing a¢tNiti8s, events. non-
charitable trading activtties. arKI the sale ol donated gcths.
expenditure on charitable aclivtknes inclLth all costs incurred by a charity in undertaking
activitieg that lurther its chaiitable wms lor the knefil ol its beneliciaries, I￿luding those
support costs and costs rektirTrg to the govemance ol the charity apFyJrtioned to charitable
activities.
other expenditure includes all expenditure that is neither related lo raising funds for the
charity nor part of its expendtture on charItab￿ activities.
All costs are alocat￿l to expenditure categories reflecting the use of the resour￿. Direct costs
attribulablo to a sirvJle aclivily are allocated directly to that aclivily. Shared costs are apw>rtioned
between the activities they contribute to on a reasonable, justifiable and consistcnl basis.
Tanglble assets
Tangible assets are initi￿tY recorded al cost, and subsequently staled at cost less any
accumulated depreciation and impwrment Ioss8s. Any tangiblè assets carried al r8valugd
amounts ar8 recorded at the lair value at the dale of revaluat￿n less any subsequent
aCCu￿ulated depreaation and subsequent accumulated impairment bsses.
11

West Indian Association Of Service Personnel {WASP)
Notes to the Financial Stalements (conNniEdl
Year ended 31 March 2024
Aetounting pollcles (¢¢wyMnuedJ
Tangible assets fconlln
An inerease in the carryng amount ol an asset as a result of a revaluation. is recognised in other
recognised gains and bsses, unless il reverses a charge lor impaiment that has prewoLJSly been
recognised as expenditure within the statement of financial a¢livities. A decrease in the carying
amount ol an asset as a result of rcvalualion. is recognised in other iecognised gwns and losses.
except to which it oltsels any prewou5 revaluation gain. in which case the loss is shown wthin
olher Tecognised g￿lls aThJ losses on the statement ol finan￿￿ activtties.
Deprec5ation
Depreciation is cakulated so as to write off the cost or valuation of an asset, less reshlual
value. ovei the useful economic lile of that asset as lolk)ws=
Fixtures & frttings
Motor vehicles
25% reducing balance
25Yo reducing balance
Impalmient ot flxed assets
A review lor irKlicalors ol impairment is carried out at each repo￿ng datè, wth the recoverable
amount being estimated where such Ind￿tOrS exist. Where thg carrying value exceeds the
recoverable amount, the asset Ss impaire(J a(xx)rdlngty. Priot itnpaiments are also ￿e￿eWed for
possible reversal at each repoTling dale.
For the purposes of impaimient testing, when it is not FLIs51b￿ to 8stimale the recoverable
amount ol an indivKlual asseL an estimate 15 made of the recoverable amount ol the cash-
gengraling unil to which the asset belongs. The Cash4jenerati￿ unil is the smallest Kjentifiable
group ol assets Ihal includes the asset aThJ generates cash inflows that largely indopendent ol the
cash inflows from other assets or groups ol assets.
For impairrnent lesb'ng of goodwrill, the goothll acquired in a business combination is, from Ihe
acquisition datè, allocated to each ol the cash%eneTating units that are expected lo benelV( from
the synergies of the combination, iffespectNe of whether other assets or liabilities of the charity
are assigned lo those unrts.
Government grants
Govemmenl grants are recognised at the fair v￿u9 01 Ihe asset received or receNable. Grants
are [￿1 recognised until there is reasonthe assurance that the charity wll compty wth the
conditions attaching to them arKI the grants wll be received.
Where the grani does not impose sp¢etfied ILJture ￿rfOrmanCe-reIat8d conditions on the
recipient. il is recognised in income whgn Ihe grant proceeds are received or receivabl8. Where
the grant does imFX)se Specifi￿ lutsjre FErformance-retated conditions on the recipient, it is
recognised in income only when the p8rformance-relaled corKJitions have been mel. Where
grants recewed are prior to satislying the revenue recognibon uiteria, they are r8cognised as a
Flnancial Instrumerrts
A financial asset or a financial liabilty is recognised only when the charlty becomes a party lo Ihe
conlraclual provisions ol th& inslrumenL
12-

West Indian Association Of Service Personnel (WASP)
Notes lo Ihe Financial Statements (contin￿)
Year ended 31 March 2024
Accountlng policles (comin￿￿)
Financial Instruments l¢onthNred)
Basic financial instruments are inthalty iecognised al the amount receivable or payable including
any rèlated transaction costs.
Current assets a￿1 currert liabikn'es are Subs￿]Uenty measured al Ihe cash or othe
consideration ex5￿ed to be pa￿ or Teceived and not discounted.
Debt instnJmenls are subsequently measured at amortised cost
Where investmerts in shares are pub]￿lY traded or thelr fall value can otheThviso be measured
reliably, the investment is subsequently MeaSUr￿j at lair value Writh changes in fair value
recognised in income and expeTrJiture. All other such inveslments are subsequently measured at
cost less impairment.
Other finalla￿ instruments. induding deTiva1ives. are initially recognised at lair value. unless
payment lor an asset is deferred beyond [￿rMal bJ5iness lemis or financed al a rale ol interest
that is not a market rate, in which case Ihe assei is measured at the present value ol the future
paymerrts discounted al a markei rate of interest for a similar debt instrumont.
Other financial instruments are subwuently m6asur&J al I￿r value. ￿th any changes
recognised in the statement of fInanU￿ aa[v￿e$. with the exception of hedging instrumenls in a
designated hedging relatignship.
Financial assets that are measured at cosl or am0￿sed cost arg rov¢ewed for objective evKJence
of impairment at the end of each r8POrting date. It there is objeclive evidence ol impairment, an
irnpairmenl loss is le￿nISed under the appropriate heading in the statement of ffnancial
acb'wties in which tha initial gain was recognised.
For all equity instruments regard￿sS ol signifKance, and other tinancial assets that are
Individually signrfieanl, thesè are ￿essed indiwdually for impairment. Other linancial assets are
either assessed indivxlualty or grouped on Ihe basis ol similar credil risk ¢haTaoteristics.
Any reversals ol impairment are reC(￿nised iwnmediatety. to the extent that the reversal does noi
result in a carfying amount of the linancid assel that exceeds what the carwng amount would
have been had the impairment not previousty been recognised.
Don￿lon5 and legaclgs
Unrestrthd Tolal Funds Unrestricted Total Funds
FUTh
2024
Funds
2023
Donatlons
Donation & h￿1 hire
27.158
27,158
27,301
27,301
Grants
Governrnant grant income
4,75
32,051
4,750
32.051
27.158
27.158
13-

West Indian Associatlon Of Service Personnel IWASP)
Notes to the Financial Statements
Year ended 31 March 2024
Investment income
Unrestricted Tolal Funds Unrestrkted Total Funds
Funds
2024
Funds
2023
Bank Interest R￿e1ved
othèr Income
UnreslTi*ed Totsl Funds Unrestricted Total Funds
FurKLs
2024
Funds
2023
Other income- Rentsl Income
10.450
10.450
6,550
6,550
Expenditure on charitable activilies by lund type
Unrestricted Tolal Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Charitable activities
Support wsls
37.373
5.933
37,373
5,933
43,306
33,053
33.0&3
43.306
sg,489
39,489
Expenditure on charltable actlvltles by actlvlty type
undertaken
directly SuEwrt costs
Total funds
2024
Total fund
2023
Charitabte activibes
Governance costs
37.373
37.373
5,933
43.306
33.053
6,436
5,933
5,933
37,373
39,489
Net expendlture
Net expenditure is slated after charg1￿/(CredI11ng>-.
2024
2023
Deprectation of tangible fixed a￿ts
652
10. Independent examlnatlon lees
2024
2D23
Fees payable to th8 independerrt examiner for:
lThlependent examination of the flnanud statemerrts
Oiher financial services
550
550
soo
500
1,100
1.000
-14-

West Indian Assoclatlon Of Service Personnel (WASP)
Notes to the Financial Statements (tX*llniKd)
Year ended 31 March 2024
11. Slaff costs
The average head counl ol empknyees during the year was Nil {2020: Nill.
No employee received employee benerrts of more than £60.000 during the year {2020: Nill.
12. Trustee remuneratlon and expenses
No salaries or wages have been paid lo employees. including the mernbers ol the Comtnittee,
during the yeat. The Trustees receNed no remLsneralion or expenses lor acting as trusteos.
During the year the total of expense reimbursed to the truSt￿S, inctjrred in the course of acting
as members ol Ihe chartty. amoitnl&l to £Nil.
13. Tanglble flxed assets
La￿1 and Fixtijres and
buihjings
fittings
MotDr
vehides
Totsl
Cost
At 1 April 2023 and 31 March 2024
Depreclatlon
Al 1 April 2023
Charge for th8 year
At 31 March 2024
52,682
63,243
32.454
148,379
61.326
479
32,415
10
93,741
61,805
32,425
94.230
Carrying arnount
At 31 Ma￿h 2024
52,682
52,682
1.438
29
54,149
54,638
At 31 March 2023
1.917
39
14. Debtors
2024
2023
Other debtors
600
1 S. Creditors: amounls falllng due wlthln one year
2024
2023
Accruals and d8lerred incomo
Other creditors
1,100
297
1,000
1,397
1,OOD
16. Govemmenl grants
The amourrts recognised in the fIna￿la1 statemonts for government grants are as folk)ws.'
2024
2023
ReC￿nIsed in income from donations arKI18gacies:
Govemmenl grants income
4,750
15-

West Indlan Association Of Service Personnel (WASP)
Notes to the Financial Statements (co￿¥nue￿}
Year ended 31 March 2024
17. Analy8ls of charttable funds
Unrestricted lunds
31 March 202
1 April 2¢Y23
Income ExF￿[MIlIUre
Unreslricled FurKI
37,614
143,3061
55,107
At
31 March 202
Ai
l Apn'l 2022
Income Exp8ndtture
Unrestricted Fund
61.683
38.605
(39.489)
60,799
18. Analysis of assets between fvnds
un[estr￿led Total Funds
FLJrTrds
2024
Tangib￿ fixed assets
Currenl assets
Greditors less than 1 year
Net assets
54.149
2.355
{1,39n
55,107
54.149
2.355
(1,397)
55,107
unraStr￿Bd Total Funds
Fun(Ls
2023
Tangible fixed assels
Current asseis
Creditors less than 1 year
Net assets
54,638
7,161
{1,0001
60,799
7,161
11,0001
60,799
16-