AA VEfERANS SUPPORT STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2023 Unrestrlcted Restrlcted furKIs fvnds 2023 2023 Total Total 2023 2022 Notes Income and endowments from: Donations and lègacies Charitable activities Other income 64,531 64,531 80,547 6,000 41,454 75,279 80,547 6,0 Total Incom• 70,531 .547 151,078 116,733 enditure on.. Raising funds 42 Charitable activities 110,992 78,322 189,314 141,532 Other 278 278 346 Totsl resource5 expended 111,270 78,322 189,592 141,920 Net (expenditurn)fincom• for th• y•ar/ N•t movement In fvnds 140,739) 2,225 138,514} 125.1871 Fund balances at l July 2022 83,360 1,019 84,379 109,566 Fund balJnc•s at 30 June 2023 42,621 3,244 45.865 84,379 15-
AA VETERANS SUPPORT srATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2023 The statement of financial activities includes all gains and losses recognised in the year. All incorne and expenditure derive from continuing activities. The statement of flnancial artivities also complles Wlth the requirements for an income and expenditure account under the Companies Act 2006. 16-
AA VETERANS SUPPORT BALANCE SHEEr ASA T30 JUNE 2023 2023 2022 Notes Flxed assets Tangible assets Curyent assets Cash at bank and in hand 12 44,327 56,428 92,247 100,026 Credftors: amounts lalllng due wlthln one year 13 190.7091 (T2,075) Net current assets 1,538 27,951 Total a55ets less current liabilitles 45,865 84,379 Incom• funds Restricted funds Unrestricted funds 15 3,244 42,621 1,019 83,360 45,865 84,379 The company is entitled to the exemption from the audit requirernent contained in section 471 of t Companies Act 2006, for the year ended 30 June 2023. The dlrector acknowledges his responsibilities for ensuring that the charity keeps accounting recd$ which cornply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise cornply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. The members have not required the company to obtain an audit of its financial staternents for the y2ar in question Sn accordance with Section 476. These financial statements have been prepared in accordance with the prowsions applicable to companies subject to the small companies regime. The financial statements We approved by the Trustees on .2.21£1£o.£Lfr Mr A Allen Trustee Company Registration No. N1607703 17-
AA VETERANS SUPPORT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 Accountlng pollct•s Charlty inforn)atlon AA Veterans Support is a private company limited by guarantee incorporated in Northern Ireland. T registered office is Unit C3 Edendery Industrial Estate, 326 Crumlin Road, Belfast, Co. Antrim, BT14 7EE, Northern Ireland. 1.1 Accountlng conventlon The accounts have been prepared in accordance with the charity's governing documen¢ the Companles Act 2006 and "AccoLtnting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" las amended for accounting periods commencing from 1 January 20191. The charity is a Public 8enefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities apptying FRS 102 Update Bulletin I not to prepare a Statement of Cash Flows. The financial staternents are prepared in sterling which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial ststements have been prepared under the historical cost conventlon. The princlpal accoLsnting policies adopted are set out below. 1.2 Golng concem At the time of approving the flnanclal statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the tnjstees continue to adopt the going concern basis of accountlng in preparing the financial statements. 1.3 ctabl9 funds Unrestricted funds are available for use at the di5cretlon of the trustees in furtherance of their charitable objettive Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 1.4 Income Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured lIablY. and it is probable that income will be received. Cash donations are recognised on recèipt. Other donations a recognised once the charity has been notified of the donation, unless perfomance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. 18-
AA VETERANS SUPPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 Accounting policles (Continued) 1.5 Expendlture Expenditure Ss recognised once there Is a legal or constructive obllgation to make a payment to a third party, it Is probable that settlement wlll be required and the amount of the obligation can be measured reliably. Expenditure Is cla55ifled under the following activity heading5', Expendtture on charitable activities,. Expenditure on raising fvnds., and Other expenditure represent5 those item5 not falling into any other heading. 1.6 Tangible fixed assets Tangible fixed a55ets are initially measured at cost and subsequently measured at cost or valuation, net of depCiatIon and any impaimient1055es. Depreciation is recognised so as to wrlte off the cost or valuation of assets less their residual values over their useful lives on the followlng base5= Plant and equipment FixtUTes and fittings Motor vehicles 15% 25% Reducing Balance 25% Reducing Balance 15% Reducing Balance The gain or loss arising on the disposal of an asset is determined as the difference be*een the sale proceeds and the carrying value of the asseL and is recognised in net income/lexpendlturel for the year. 1.7 Impalrment of flxed 49S¢ts At each reporting end date, the charity VIeWS the carying amounts of Its tangible assets to determine whether there is any indication that those assets have suffered an impaimient loss. If any such IndatIOn exists, the recoverable arnount of the asset Is estlmated In order to determine the extent of the impairment loss lif any). 1.8 Cash and ush equlvalents Cash and cash equivalent5 include cash in hand, deposits held at call with banks, other short-term Ilquld investments with orlginal maturities of three months or less, and bank overdrafts. Bank overdrafts we shown withln borrowings in current liabilities. Bask financlal assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of nterest. Financial assets classified as receivable within one year are not arnortised. 19-
AA VETERANS SUPPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 Accountlng poll¢ies (Continued) 8Jslc financial Ilablliths Basic financial liabilities, including creditor5 and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transattion, where the debt instrument is measured at the present value of the future payTnents discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised c05t using the effective interest rate mettiod. Trade creditors are obllgations to pay for goods or seNices that have been acquired in the ordinary course of operatlons from suppllers. Amounts payable are classified a5 current liabilities if payment is due within one year or less. If noL they are presented as non-current liabilities. Trade (dItorS are recognised initially at transartion price and subsequently measured at amort15ed cost using the effective interpst method. Ikrecognltion ol flnanclal Ilabilities Financlal liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 1.9 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's seNices are received. Terrnination benefits a recognised immediately as an expense when the charity is demonstrably committed to teminate the employrnent of an ernployee or to provide termination benefits. 1.10 Retlrement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Crftlcal accountlng estimates and Judgem•nts In the application of the charfty's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other fartors that are considered to be relevant Actual results rnay differ from these estimates. The estimates and underlying assumptions are vieWed on an ongoing basis. Revisions to accounting estimates are CognIsed in the period in which the estimate is revised where the revlslon affect5 only that period, or in the period of the revision and future periods where the revision affects both current and future periods. -20-
AA VETERANS SUPPORT NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 Donatlon$ and legacl¢s Unrestrlcted Unrestritted funds funds 2023 2022 Donation5 and gifts 64,531 41,454 Donations and gift$ Other 64,531 41,454 64,531 41,454 Charltable artlvltits 2023 2022 Performance related grants 80,547 75,279 Perfornianc• related grant$ Armed Forces Covenant Fund - Navigator Armed Forces Covenant Fund - Project Life Arrned Forces Covenant Fund Ahead of the Game Armed Forces Covenant Fund Veteran5' Film Project Anned Forces Covenant Fund Tackling Isolation Through Camping DAEPA Fishing Grant Pathway Navigator Awards for All 7,462 28,320 21,503 3,225 14,220 6,811 1,2cHJ 30,025 9,944 213 20,958 3,955 80,547 75,279 -21
AA VETERANS SUPPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 Other itKomè Unrestricted funds Total 2023 2022 Other Income Ralslng funds Total Unrestritted funds 2023 2022 Fundralsin Advertising and ublici 42 42
AA VETERANS SUPPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 Charltable actlvlties Unrestrfcted Restrlrted Expendltur• Expendlture 2023 2023 Totsl 2023 Total 2022 Staff c05t5 Depreciation and impairment Programme &xpenses Counselling Fundraising Caravan Expenses 5,509 4,577 58,508 3,850 1,114 26,308 7,524 38,51S 3,955 31,817 12,101 97,023 7,805 1,114 33,226 13,769 39,529 8,368 6,354 2,330 73,558 76.302 149,860 103,576 Share of support costs (see note 81 sha of govemance costs (see note 8) 35,232 2,202 1,492 528 36,724 2,730 37,335 621 110,992 78,322 189,314 141.532 Analysis by furKI UnStrICted funds Restrirted fvnds 110,992 110,992 78,322 66,454 75,078 78,322 110,992 78.322 189,314 141,532 For the year ended 30 June 2022 Unrestricted funds Restrlcted funds 66,454 66,454 75,078 75.078 66,4S4 75,078 141.532 -23-
AA VETERANS SUPPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 Support costs Support Govemance costs costs 2023 Support Govemance costs costs 2022 Establishment Expenses General Expenses Insurance Subscriptions Printin9. Postsge and Stationery Motor Expense5 Repairs and Maintenance 27,174 936 2,043 702 27,174 936 2,043 702 25,013 767 4,379 25,013 767 4,379 482 2,609 3,140 2,609 3,140 3,109 2,802 3,109 2.802 120 120 783 783 Accountancy Fees Legal and professional Accountancy Fees 2,730 2,730 35 35 586 36,724 2,730 39,454 37,335 621 37,956 Analysed betr4een Charitable attivities 36,724 2,730 39,454 37,335 621 37,956 Truste•s None of the trustees {or any persons connected with them) received any remuneration or benefits from the charity during the yéar. -24-
AA VETERANS SUPPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR fHE YEAR ENDED 30 JUNE 2023 10 Employees The average monthly number of employees durlng the year was: 2023 Number 2022 Number Employment costs 2023 2022 Wages and salaries Social security costs Other pension costs 23,216 7,397 1,204 24,887 6,869 1.470 31,817 33.226 11 Other 2023 Z022 Finanein9 costs 278 278 346 -25-
AA VETERANS SUPPORT NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR fHE YEAR ENDED 30 JUIVE 2023 12 Tanglble fixed assets PLant and FIUr and Motor vehicles equlprnent ffttsngs Totsl Cost At l July 2022 75,269 20,576 29,219 125,064 At 30 June 2023 75.269 20,576 29,219 125,064 Depreciatlon and impalrni•nt At 1 July 2022 Depreciation charged in the year 42,120 7,259 7,073 3,376 19,443 1,466 68,636 12,101 At 30 June 2023 49,379 10,449 20,909 80,737 Carrylng amount At 30 June 2023 25.890 10,127 a310 44,327 At 30 June 2022 33,149 13,503 9.776 56,428 13 Credltors: amounts falllng due wlthln one year 2023 2021 Notes Other taxation and social security Deferred income Other creditors Accruals 541 87,CQ7 1,661 1,500 1,359 68,489 81 2,146 14 90,709 72,075 -20-
AA VETERANS SUPPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 14 Deferred Income 2023 20Z2 Arising from government grants Other deferred income 87,007 68,489 87,C()7 68,489 Deferred income Is included in the financial ststement5 as follows: 2023 2022 Current liabilttles 87,007 68,489 87,007 68,489 15 Restrlcted funds The income fvnds of the charity include restricted funds comprising the following unexpended balance5 of donations and grants held on tTU5t for specific purposes- Movement in fund5 Incomlry Resource5 B•l•nc• •t rwurc•s expwd•d 30 Jun• 2023 1 July 2022 Armed Forces Covenant Grant DAEPA Fishing Grant Pathway Nawgator Awards for All 819 200 55,634 (53,409} 3,0 2C(I 20,958 3,955 120,9581 13.955} 1.019 ),547 (78,322) 3,244 -27-
AA VETERANS SUPPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR fHE YEAR ENDED 30 JUNE 2023 16 Analysis of net aets between fund5 Unrestrfcted Restricted Fund Fund 2023 2023 Total Unrestricted Restricted Fund Fund 2022 2022 Total 2023 2022 Fund balances at 30 June 2023 are represented by. Tangible assets Current as5ets/lliabilitiesl 21,755 20,866 22,572 {19,3281 44,327 1,538 56,428 26,932 56.428 27.951 1,019 42,621 3,244 45,865 83,360 1,019 84,379 17 Related party tr•nsactlon8 There were no disclosable related paty transartlons during the year {2022 - none). -28-