AA VETERANS SUPPORT STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2024 Unrestricted Restricted funds funds 2024 2024 Total .Restated Total 2023 2024 Notes Income and endowments from: Donations and legacies Charitable activities Other income 53,042 53,042 79,890 64,531 125,547 6,000 79 890 Total income 53,042 79,890 132,932 196.078 enditure on: Charitable activities 62,175 54 330 116,505 144,314 Other 293 293 278 Total resource5 expended 62,468 54,330 116,798 144,592 Net (outgoing)/incoming resources before transfer5 19,4261 16,134 51.486 Gro55 transfers between fuiids 4,406 14,4061 Net (expenditure)/lncome for the yeail Net movement in funds 15,0201 16,134 51,486 Fund balances restated at 1 July 2023 87,621 48,244 135,86S 84,379 Fund balances at 30 June 2024 82,601 69.398 151,999 135,865 AA VETERANS SUPPORT STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2024 The statement of financial activities include5 all gains and losse5 recognised In the year. The statement of financial activities include5 all gain5 and1055es recognised In the year. All Ir￿ome and expenditure derive from continuing activities The statement of financial activities also complies with the requirement5 tor an income and expendrture account under the Companies Act 2006. 13- AA VETERANS SUPPORT BALANCE SHEET ASA r 30 JUNE 2024 2024 2023 as Testated Note5 Fixed assets Tangible assets 13 73 201 89,327 Current assets Cash at bank and in hand 92.496 92,247 Creditors." amounts falling due within one year 14 113.6981 145,7091 Net curr•nt ass•ts 78 798 46,538 Total assets less current liabilities 151999 135,865 The fvnd5 of the charity Restricted income funds Unrestricted fund5 17 18 69,398 82 601 48.244 87,621 151 999 13S,865 The company is entitled to the exemption from the audit requirement contained section 477 of the Companies Act 2006, for the year ended 30 June 2024. The director acknowledges his responsibilities for complyiiig with the requirerrenis of the Companies Act 2006 with respect to accounting I'ecords and the preparation ot financial statement5 The members have not required the company lo obtain an audit of its financial statements for the ￿ar in question in accordance with section 476 These financial statement5 have been prepared In accordance with the provisions applicable to companies subject to the small companies regime The financial statements were approved by the trL4Stees on Mr A Allen Trustee Company registration number N1607703 (Northern Ireland) 14- AA VETERANS SUPPORT NOTES TO THE FINANCIAL STATEMENTS FOR fHE YEAR ENDED 30 JUNE 2024 Accounting policies Charity information AA Veterans Supporr is a private compan'/ limited by quarantee Incorporated In Northern Ireland. The registered office is Unit C3 Edenderry Industrial Estate. 326 Crumliii Road, Bellast, Co. Antrim, BT14 7EE, Northern Ireland. 1.1 Accounting convention The accounts have been prepared In accofdar)ce with ihe charity'5 governiiig document, the Companies Act 2006 arid "Accouiiting and Reyurtiiig LI￿ Cliarilies.. Stateinent of Reouii Iiiieiided Practice applicable to charitie5 prepai'ing their accounts In acrordJii=e with tl)e Financial Fleporting Standard applicable in the UK and Republic of Ireland IFRS 102 ias amended foi accounting periL)ds commencing from 1 January 20191, The charity is a Public Benefit Entity as defined by FRS 102, The charity has taken advantage of the prcivisioi)s in the SORP lor chaflties applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows The financial staternents are prepared In sieTling, which Is the functional cu rrency of ihe charity. Monetary amounts in these financial statements are roundeo lo the nearest £ The financial statement5 have beeii prepared undei the historical cost Convention. The principal accounting policies adopted are set out below 1.2 Going concern At the tiiyie of approving the iiian¢ial Siateiiients tlie tiustees have a i eèsoiTrable expectation ihat ilie charity has adequate resources to conlinLJe In operational existence for the foreseeable future. Thus the trustees continue lo adopt the going concern basis of accounting iii prepai'ing the financial statements. 1.3 Charit?ble funds Unrestricted funds are available for Ljse at the discr'etion cf the trustees In furtherance of their charitable objective5. Restricted funds are subject 10 specific conditions by doiior5 or grantors as to how they may be used. The purposes and u5e5 of the restricted funds are set out In the notes to rhe financial statements. 1.4 Income Income is recognised when the charity Is leg311y entitled to it after any performance conditions hwe been met, the amounts can be measured reliably and it Is probable that Inconie will be received. Cash donations are recognised on receipt Othei donations are recognised once the charity has been notified of the donation, unless pertormance conditions require deferral of the amourst. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. 15- AA VETERANS SUPPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Accounting policies Icontinued) 1.5 Expenditu Expenditure is recogni5ed once there Is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amourit of the obligation can be measured reliably. Expenditure 15 classified under the following activily headings., Expenditure on charitable activities. Expenditure on raising fund5 and Other expenditure represents those Irems not falling into any other headin9. 1.6 Tangible fixed assets Tangible fixed asset5 are initially mea4iJred at rost and Slibsequently measured at cost or valuation, net of depreciation and any irnpairment losses Depreciation is recognised $0 as lo write o+f The cost or valuation ol asset5 less their residual values over their useful lives on the following bases Plant and equipment Fixtures and fitting5 Motor vehicles 15% 25% Reducing Balance ,'5% Reducing 8alance 1 5% Reducing 8alance The gain or loss arising on the disposal of an asset is determinea as the difference between the sale proceeds and the carrying value of the a55et. and Is recognised in the statement of financial activrties. 1.7 Impairnient ol flxed assets At each reporting end date, the charily reviews the carrying arnounts ot It5 tangible a55ets to determine whether there is any Indication that those assets have ssjffered an Impairment loss. If any such indration exists, the recoverable amount of the asset Is estimated in order to determine the extent of th impairment Ioss {if anyl. 1.8 Cash and cash equivalents Cash and cash equivalents include cash In hand, deposits held at r.all with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts Bank overdrafts ￿e shown within borrowings in current liabilities 8aslc finanaal assets Basic financial assets, which Incluée debtois and cash and bank balaiices, 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 ol the future receipts discounted at a market rate of interest. Financial assets cla55ified as receivable within one year are not amortised 18- AA VETERANS SUPPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Accounting policie5 (Continued) 8a5ic financial liabilities Basic financial liabilities, including creditors and bank loans are ii)Itially rècogni5ecl at transaction price unless the arrangement Constitutes a financirig transaction. where the debt Instrument is measured at the present value of the future payments disioiinted al a market rate of Interest. Financial liabilities classified as payable within one year are not ainortised Debt Ir15truments are subseqLJently carried at amort15ed cost, using the effective interest rate method. Trade creditors are obligations to pay lor goods or seThices that have been acquired in the ordinary course of operations Irom suppliers Amounis oayable are classified as current liabilitie5 if payment 15 due within one year or less. If not. they are presented as non-current liabilities Trade creditors are recognised initially al transaction price and subsequeiiily measured at amort15ed Lost usin9 the effective interest method. Derecognition of finanThal Ilab/lit/es Financial liabilitie5 are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 1.9 Employee benefits The cost of any unused holiday entiiiemenl Is recognised in the period In which the employee's sewices are received, Termination benefits are recognised Immediately as an expense wheii the charity Is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 1.10 Retlrement benefits Payments to defined contribution retirement benefil schemes are charged as an expense as they fall due. Crltical accounting estimates and judgements In the application of the charity's accounting policie5, the tru5tee5 are ￿qUired to make JUdgem￿t5, estimates and assumptions abotsl the carrying amount of assets and liabilities that are not readily apparent frorn other sources The eslimates and a550ciated a55UlnPtions are based on historical eKpenence and other fartors that are considered to be relevant Actual results may differ from these estimates. The estimates and underlying assLJmptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period In which the estimate is revised where the revision affects only that period, or in the period of the Tevision and future periods where the revision affects both current and future periods. 17- AA VETERANS SUPPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Income from donations and legacies Unre5trirted funds 2024 Unrestricted fund5 2023 Donations and gifts 53,042 64,531 Donations and 9ift5 Other 53.042 64,531 53,042 64.531 Charitabl• actlvitles Resiated 2024 2023 Performance related grants 79,890 12S.547 Performance related grant5 Armed Forces Covenant Fund - Navigalor Armed Forces Covenant Fund . Project Life Veterans Respite Garden Armed Forces Covenant Fund Ahead of rhe Game Armed Force5 Covenant Fund Veterans. Film Project Armed Forces Covenant Fund Tackling Isolation Through Camping Lottery Respite Pathway Navigator Awards for All 25,487 7,462 7,990 45,000 30.025 9,944 213 6,487 10.180 2.936 8,238 20,542 6,020 20,958 3,955 79,890 125,547 AA VETERANS SUPPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Other income Tolal Unrestricted funds 2024 2023 Other Income 6,000 19- AA VETERANS SUPPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Charitable activities Unrestricted Restricted Expenditure Expenditure 2024 2024 Total 2024 Total 2023 Staff costs Depreciation and impairment Prograinme Expenses Counselling Fundraising 4,649 3,816 214 490 7,446 20,913 12,310 11.768 8,645 25,562 16,126 11,982 9,135 7,446 31,817 12,101 52,023 7.805 16,615 53.636 70,251 104,860 Share of support costs (see note 71 Share of governance costs Isee note 71 43,970 1.590 454 240 44,424 1,830 36.724 2.730 62,175 54.330 116,505 144,314 Anatysis by fund Unrestricted funds Restricted funds 62,175 62,175 54,330 65,992 78,322 54,330 62,175 54,330 116,505 144,314 For the year ended 30 June 2023 Unrestricted funds restated Restricted fund5 restated 65,992 65,992 78,322 78,322 65,992 78,322 144.314 -20- AA VETERANS SUPPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR fHE YEAR ENDED 30 JUNE 2024 Support costs Support Governance Costs costs 2024 support Governance costs costs 2023 Establishment Expenses General Expenses Insurance Subscriptions Printing, Postage and Stationery Motor Expenses Repairs and Maintenance 30,960 610 2,216 690 30,960 610 2,216 690 21,174 936 2,043 702 27,174 936 2,043 702 2,649 5,164 2,649 5,164 2,609 3,140 2,609 3,140 2,135 2,135 120 120 Accountancy Fees 1,830 1,830 2,730 2,730 44,424 1,830 46,254 3ti.724 2,730 39.454 Analysed betsveen Charitable activitie5 44,424 1,830 46,254 36,724 2,730 39,454 Nèt movement in lunds 2024 2023 The net movement in funds 15 stated after charging/icreditingl'. Fees payable for the independent examination of the chaTlty's finar.cial statements Depreciation of owned tangible fixed assets Loss/lprofi'tl on disposal of tangible fixed assets 1,830 16,126 2.730 12,101 16,C4XII Trustees None of the trustees lor any persons connected with them) received any remuneration or benefits from the charity during the year. 21 AA VETERANS SUPPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 10 Employe The average monthly number of employees during the year was: 20Z4 Nurnber 2023 Number Employment costs 2024 2023 Wages and salaries Social security costs Other pension costs 17,945 6,304 1,313 23,216 7,397 1,204 25,S62 31.817 11 Othor 2024 2023 Financing costs 293 278 293 278 12 Taxation The charity is exempt frorn taxation on Its activities because all its Inccme fs applied for tharitable purpose5. AA VETERANS SUPPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 13 Tangible fixed assets Plant and Fixtur•5 and equipment fittings Motor v•hide5 Total Cost At l July 2023 Restated 120,269 20.576 29.219 170.064 At 30 June 2024 120,269 20,576 29,219 170.064 Depreciation and impairment At l July Restated Depreciation charged in the year 49.379 12,348 10,449 2,532 20,909 1,246 80,737 16,126 At 30 June 2024 61,727 12,981 22,155 96,863 Carrying amount At 30 June 2024 58.S42 7,595 7,064 73,201 Restated At 30 June 2023 70,890 10,127 8.310 89,327 14 Credltor5: amounts falling duè within one y•ar 2024 2023 Notes Other taxation and Social security Government grant5 Other creditcr5 Accruals 2,039 8,329 240 3,090 541 42,007 1,661 1,500 15 13,698 45,709 -23- AA VETERANS SUPPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 1 S Government grant5 Restated 2023 2024 Arising from government grants 8,329 42,007 8,329 42,007 Deferred income is included In the financial statements as follows.. Restated 2023 2024 Current liabilities 8,329 42.007 8,329 42,007 16 Retirement benefit scheme5 2024 2023 Defined contrlbution schemes Charge to profit or105s in respect ol defined oontribution 5cheme5 1,313 1,204 The charity operates a defined contributioii pension scheme for all qualifying employees. The assets of the scheme are held separately from those of rhe charity in an independently administered fund. 24- AA VETERANS SUPPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 17 Restricted fund5 The restricted funds of the charity compiise rhe unexpended balances of donations and grants held on trust subject lo specific condition5 by donors a5 to how they may be used Resiated B•l•nce at 1 Juty 2023 Movement in funds Incoming resourc*s R•50urces expended Tr•nsfer5 Balance at 30 June 2024 Project Life Lottery Resplte DAERA Fisliing Grant Pathway Navigator Awards for All Veterans Respite Garden Projecr Navigator Veternas Foundation Veterans Film Project Tackling Isolation through Camping 3.044 45,000 200 13,0441 149881 8,238 38,250 200 20,542 6,020 6,487 25,486 10,181 2,936 '19.7381 16.0201 16.3671 11,7261 18041 11201 23,760 7,188 15461 12,9361 48,244 79,890 ', 54,3301 14,4061 69,398 18 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balance5 of donations and grants which are not subject to specific conditions ty donors and grantors as to how ihey may be used. These include designated fund5 which have been set aside out of unrestricted funds by the trustees for specific purposes. Restated At 1 July 2023 Incoming resources Resource5 expended Transfers At 30 June 2024 General funds 53.042 162 4681 4,406 82,601 Restated At 1 July 2022 Restated Resources expended Restated At 30 June 2023 Previou5 year Incoming resources Transfers General fijnds 83,360 70.531 166.2701 87,621 -25- AA VETERANS SUPPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 19 Anaty515 of net assets between funds Unrestricted funds 2024 Restricted funds 2024 Totsl 2024 At 30 June 2024.. Tangible assets Current assets/lliabilitiesl 27 765 54,836 45,436 23,962 73.201 78,798 82 601 69,398 151,999 Unrestricted funds 2023 Restricted funds 2023 Total 2023 Restat At 30 June Z023: Tangible assets Current assets/lliabilities1 21,755 65 866 67,572 119,328) 89,327 46,538 87 621 48,244 135,865 20 Related party tran5a¢tions There were no disclosable relaled party transactions during the year 12023 . none) -26- AA VEfERANS SUPPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 21 Prior period restatement Certain comparative Inforrnation has been festated in the currenr ftnancial statements due to a prior period error. In the prior period a restricted grani was received for the purposes ol capital spend The capital asset was purchased in the prior period however the cost of the capital asset was expensed 35 unrestricted expenditure in the staternent of financial activities The grant income In respect of this was recorded in deferred income. The appropriate treatment of this grant receipt and capital purchase will nave been to reco9nise the grant income in full In the year as restricted granr Income and lo recognise the purchase as a capital addition. The following restatements have been made to prior period figures to agree.. Tangible fixed assets restated liom £44 327 10 £89,327 Deferred income restated Iram £87.007 10 £42.007 Unrestricted funds restated from £3.244 10 E48.244 Restricted fund5 restated fTOrn £42,621 to £87 621. Programme expenses have been restated from £97.023 to £52,023. Where comparative information has restated the head up comparative Information has been noted as 'Restated' in the primary 5tatement5 oiid notes to the financial statements -27-