THE DAME VERA LYNN CHARITABLE TRUST TRUSTEES REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 Charity Registration No. 802365
THE DAME VERA LYNN CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Charity name The Dame Vera Lynn Charitable Trust Charity number 802365 Trustees David Edwards Alan Tom Jones Virginia Lewis-Jone5 Deborah Wilson Principal address 6 Ockley Lane Keymer Hassocks BN6 8BA Independent Examiner ison Price FCA TC Group Suite 501 The Nexus Building Broadway Lelchworth Garden City Herts SG6 9BL Bankers CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Solicitors Burt Brill & Cardens 30 Old Steyne Brighton BN1 1FL
THE DAME VERA LYNN CHARITABLE TRUST CONTENTS Trustees. report Independent examinerfs report statement of financial activities Balance sheet Noles to the accounts
THE DAME VERA LYNN CHARITABLE TRUST TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees submit their annual report and accounts for the year ended 31 December 2024, which comply with the charity's Trust Deed and applicable law. Histo ob'ectives and activities of the Trust The Dame Vera Lynn Charitable Trust was established by a deed dated 27th October 1989 and is an unincorporated charitable Ifust. The Deed requires the capital and income of the Trust to be applied for the relief of need. hardship or distress amongst former members of Her Majesty's Armed Forces and their widows. widowers, dependants ar)d families or for such charitable purposes as the Trustees may from time to time decide. New trustees may be appointed by a resolution of the TTUStees. The Trustees. investment powers are unlimited. The Trustees, meet annualSy to review progress over the past year and to establish policy for the ensuing year. Trustees The Board of Trustees is elecled annually by the members at the Annual General Meeting of the Settlement. To be eligible for election. a candidale must be a Member ofthe Settlement. Management Committee members are the Trustees. The Management Committee ("the Committee") is the tille and designation of the body responsible for the govemance and adminislralion of the Settlement. The board consists of= Virginia Lewis-Jones Alan Tom Jones David Edwards Deborah Wilson Members Any person is deemed to be eligible for the membership of Ihe Trust by the Committee providing they support the Trust Aims and Objectives and abide by the Trust rules as sel out in the Conslitulion. Aims and objectives The Constitution defines the aims and objectives of the Trusl as to- maintain the Trust's capital and to make grants to charitable causes broadly equivalent to the income generated each year. The Trust aims to increase royalty income through the use of marketing and creating awareness usually by way of free public relations. Mana ement and overnance arran ements The Dame Vera Lynn Charilable Trust is a Registered Charity and is governed by its twslees who form the Management Committee and are elected annually by the Annual General Meeting. The day lo day running of the Charity is delegated to the Manager and other staff. whose function is lo work with the Management Committee to ensure ils strategic aims are achieved. Page 1
THE DAME VERA LYNN CHARITABLE TRUST TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED) Risk Management The Trustees have reviewed the Charity's activities and have not identified any major risks faced by the Charity. The Funds of The Trusl are used only for the work of The Trust and no part is distributed among the members. Reserves Policy The Trustees wish lo taIn an asset reseNe of between £50 - £50,000 which would enable the Trust lo run down over a period of six months should circumstances diclale this to be neSsary. Our Reserves policy is available for inspection if required. The ReSee will also be available lo ease cash flow should an emergency occur, such as a legal fee or similarly unforeseen operational expense. The Trust receives a large percentage of income prior to expenditure so cash flow generalSy is not a problem. Plans for the Future The Trust will continue to re1ve royalty income through the sale of merchandise, investmenl income through the investment of surplus cash held within the trust and donations. Costs will only be incurred where income is expected to be received {such as seeking legal advice reg2rdin9 the royalties contracts) so thal an overall surplus can be expected on ar) annual basis. Achievements and Progress during the year The charity has unrestricted funds carried fOard of £184.641 {2023'. £257.106) from which they can continue lo make grants towards charitable causes falling wilhin the objects of the charity. Full delails are given in the Slatement of Financial Aclivities on Page 6 and in the supporting Notes. Key Management personnel remuneration The trustees consider the board of trustees and the manager as comprising the key managemenl personnel of the charity in charge of directing and controlling the charity and running and operating the charity on a day to day basis. All trustees give of their lime freely and no truslee remuneration was paid in the year. Financial review During the year £6,864 was generated from donations and £3.653 was generaled frorn the charity's investments and bank deposits. Grants of £98,300 were made to charitable causes falling within the objects of the charity. Full details are given in the Statement of Financial Activities on Page 6 and in the supporting Notes. Al the year-end, the charity held £185.061 in deposit. The main Resource Income stream for the Charity is donations. Page 2
THE DAME VERA LYNN CHARITABLE TRUST TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED) The Resource Expenditure is defined as either direct Charitable activities or govemance costs. The allocation of Income and Expenditure is on a gross basis Sin the Charity is not currently VAT registered and VAT is therefore an irrecoverable cost. The objectives and activities have been pursued during the year and the results are shown in the attached accounts, which form an integral part of this report. They show a net deficit of resources of £72,465 (2023= £12,983). The unreslricled funds in the balance sheet represent funds for the current and prior years which have accumulated and are to be spent on supporting the Charilies objectives. Compared with last year income in total is £24.729 higher. On the expenditure side costs, including grants made. are £84.211 higher than last year. Bank charges increased by £4. Donation platfonn fees of £216 were incurred in the year. Insurance costs were £737 this year. Net Current Assets in the Accounts of £184,461, this relates to cash in hand of £185.061 and a creditor for £420. Slatement of Trustees. Responsibilities Charity law requires the trustees to prepare the financial stalemenls for each financial year which show a true and fair view of the state of the affairs of the charity and its financial activities for that period. In preparing those financial statements, the trustees are required lo.. select suitable accounting policies and then apply them consistently- make judgements and estimates that are reasonable and prudent.. slate whether applicable accounting standards and siatements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements,, and prepare the financial slatemenls on the going concem basis unless it is inappropriale to presume that the charity will continue in operational existence. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention of fraud and other irregularities. Charitable Stalus The charity is registered with the Charity Commissioners with the No. 802365 Page 3
THE DAME VERA LYNN CHARITABLE TRUST TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED) Inde endent Examiner The trustees intend to ask Ihe exisling independent examiner to undertake the independent examination of the Trust in the following year. Approved by the Trustees on . .and signed on their behalf by Virginia Lewis-Jones Alan Tom Jones David Edwards Deborah Wilson Trustees Page 4
THE DAME VERA LYNN CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE DAME VERA LYNN CHARITABLE TRUST I report to the trustees on my examination of the accounts of The Dame Vera Lynn Charitable Trust (the Trust) for the year ended 31 December 2024. Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the Trustee's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act" or 2. the financial statements do not accord wth those records,. or 3. the accounts do not comply with the applicable requirements conceming the fomi and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed: Name: Alison Price FCA TC Group Suite 501 The Nexus Building Broadway Letchworth Garden City Herts, SG6 9BL Date: Page 5
THE DAME VERA LYNN CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted funds Total 2024 Total 2023 Income Note Donations received Interest received Dame Vera Lynn Will bequest 6,864 3.653 16.760 6.864 3.653 16.760 1,516 1.032 Total Income 27.277 27,277 2,548 Expenditurg Grants for Charitable Purposes Other Expenditure Insurance Bank charges Donation platform fee Professional fees 98.31KI 98.300 15,250 737 69 216 420 737 69 216 420 65 216 Total expenditure 99.742 99.742 15,531 Net expenditure for the year {72.465) {72.465} {12.9831 Net Movement in Funds 72.465 72.465) 12,983) Fund balances at 1 January 2024 257,106 257.106 270.089 Fund balances al 31 December 2024 184,641 184.641 257.106 Page 6
THE DAME VERA LYNN CHARITABLE TRUST BALANCE SHEET AS AT 31 DECEMBER 2024 Note 2024 2023 Current Assets Cash al Bank and in hand Debtofs - Dame Vera Lynn Will bequest 185.061 75,339 181,767 Current Liabllltles other Creditors 420 Total Net Assets 184,641 257.106 Represented by: Unrestricted funds 184.641 257,106 The financi81 statements on pages 6 to 9 were approved by the truslees on and signed on their behalf by.. dwards Charity number: 802365 Page 7
THE DAME VERA LYNN CHARITABLE TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 1. Accounting policies 1.1 Basis of pr¢paratlon The accounts have been prepad under the hislori¢al ¢osl ¢onvention with items recognised at ¢ost oi transaction value unless otherwise slated in the relevant nole{sl lo these accounts. The ftnancial statemenls have been preparèd in accordan with the Slalefflent ol Re¢ommended Practice.. Accounling and Reporting by Charities preparing Iheir accounts in accordance wilh Ihe Financial Reporting Stan¢Jard applicable in the UK and Republic of Ireland {FRS 1021 issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland {FRS 1021 and the Charities Act 2011. No reslatemenls were required as a result of Ihe change in generally accepted aCCtIng pracli¢e affecting charittes. The Tiust constitutes a public benefit entity as defined by FRS 102. The tAJStees consider that there are no malerial un¢ertainlies about the Charitys abilty lo continue as a going concem. 1.2 Income recognition All income is Tecognised once the charity has enlillemenl lo the w)me. rt is probable Ihat the income will be received and the amount of income receivable can be measured reliably. Investment income is recor(Jed when receivable. 1.3 Expenditure recognition Liabilities are recognised as eXpen(lIre as soon as Iheie is a legal or conslrucb.ve obligation committing the charity to that expenditure, it is probable that setttemenl will be required and the anM)unt ol the obligation can be measured reliably. AJI expenditure 1$ 8¢¢ounted lor on an accruals basis. Irrecoverable VAT is charged against the eynditure heading for which it was inujrred. 1.4 Funds structure Unrestricted funds comprise those fvnds which the trustees are free to use for any purpose in furtherance of the charitable objects. 2. Taxation The Settlement is a registered charity and accordingly is exempl from taxati on ils income and gains where they are applied for charitable purposes. Page 8
THE DAME VERA LYNN CHARITABLE TRUST NOTES TO THE ACCOUNTS (CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 3. Grants for Charitable Purposes 2024 2023 Parkinsons Action Aid RSL Royal National Lifeboat Institution National Foundation for ftet1d Service Animals Burma Star DVLCC Royal Marsden CanLr Charity Jewish Music Institution NHS Together Greenaway Foundation Help 4 Forgolten Ablies Carg lor Veterans Scottish Little Soldiers Alzheimers Society 2,000 300 30,000 500 soo 30,000 35.000 2.000 250 1,000 1.000 1.500 1,500 2.000 2,000 2,000 2,000 98,300 15,250 4. Related party transactions and trustees. expenses and remuneration The Iruslees all give freely their time arKI experbse without any form of remuneration or other tnefil in cash or kind. There are no related party transactions to re Page 9