AA VETERANS SUPPORT
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2025
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| 2025 | 2025 | 2025 | 2024 | 2024 | 2024 | ||
| Notes | £ | £ | £ | £ | £ | £ | |
| Income from: | |||||||
| Donations and legacies | 3 | 62,379 | - | 62,379 | 53,042 | - | 53,042 |
| Charitable activities | 4 | . | 12,651 | 12,651 | - | 79,890 | 79,890 |
| Total income | 62,379 | 12,651 | 75,030 | 53,042 | 79,890 | 132,932 | |
| Expenditure on: | |||||||
| Charitable activities | 5 | 59,515 | 42,562 | 102,077 | 62,175 | 54,330 | 116,505 |
| Other expenditure | 10 | 315 | - | 315 | 293 | - | 293 |
| Total expenditure | 59,830 | 42,562 | 102,392 | 62,468 | 54,330 | 116,798 | |
| Net income/(expenditure) | 2,549 | (29,911) | (27,362) | (9,426) | 25,560 | 16,134 | |
| Transfers between | |||||||
| funds | (232) | 232 | - | 4,406 | (4,406) | - | |
| Net movement in | |||||||
| funds | 7 | 2,317 | (29,679) | (27,362) | (5,020) | 21,154 | 16,134 |
| Reconciliation of funds: | |||||||
| Fund balances at 1 July | 2024 | 82,601 | 69,398 | 151,999 | 87,621 | 48,244 | 135,865 |
| Fund balances at 30 June | |||||||
| 2025 | 84,918 | 39,719 | 124,637 | 82,601 | 69,398 | 151,999 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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27.03.2026 The financial statements were approved by the trustees OM ....-..-cccccccescseese-
AA VETERANS SUPPORT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
- 1 Accounting policies
Charity information
AA Veterans Support is a private company limited by guarantee incorporated in Northern Ireland. The registered office is Unit C3 Edenderry Industrial Estate, 326 Crumlin Road, Belfast, Co. Antrim, BT14 7EE, Northern Ireland.
1.1 Basis of preparation
The accounts have been prepared in accordance with the charity's governing document, the Companies Act 2006 and “Accounting 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 (FRS 102)” (as amended for accounting periods commencing from 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements 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 statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
- 1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
- 1.3. Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors 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 reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance 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.
1.5 Expenditure Expenditure is recognised 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 amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings;
¢ Expenditure on charitable activities;
¢ Expenditure on raising funds; and
- Other expenditure represents those items not falling into any other heading.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
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AA VETERANS SUPPORT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025
- 1 Accounting policies
(Continued)
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment 15% - 25% Reducing Balance Fixtures and fittings 25% Reducing Balance Motor vehicles 15% Reducing Balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
- 1.9 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial 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 interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments 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 cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
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AA VETERANS SUPPORT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025
- 1 Accounting policies
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(Continued)
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Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled.
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.11 Retirement benefits
Payments to defined coniribution retirement benefit schemes are charged as an expense as they fall due.
1.12 Allocation of support costs
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office, finance, human resources, payroll and governance costs which support the Charity's activities. These costs have been allocated between the costs of raising funds and expenditure on charitable activities. The basis on which support costs have been allocated are set out in note 6.
1.13 Donated goods, facilities and services, including volunteers
They are recognised as income when the charity has control over them, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. The benefit in kind is recognised as income and a corresponding amount recognised as expenditure in the period of receipt. However, where it is difficult to determine a true and accurate economic value to the donate good or service, this is not recognised in financial terms in the accounts. As a result, the time committed by the charity's volunteers is not monetarised in the accounts but recognised in the trustees' annual report for the significant and very invaluable contribution made by the volunteers to the charity.
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying 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 factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions 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 revision and future periods where the revision affects both current and future periods.
3 Income from donations and legacies
| Unrestricted | Unrestricted | |||
|---|---|---|---|---|
| funds | funds | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Donations | and | gifts | 62,379 | 53,042 |
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AA VETERANS SUPPORT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025
3 Income from donations and legacies
(Continued)
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Donations and gifts | ||
| Donations | 62,379 | 53,042 |
| 62,379 | 53,042 | |
| Income from charitable activities | ||
| Restricted | Restricted | |
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Grant Income | ||
| Performance related grants | 12,651 | 79,890 |
| Performance related grants analysis | ||
| Grant Income | Grant Income | |
| 2025 | 2024 | |
| £ | £ | |
| Armed Forces Covenant Fund - Navigator | - | 25,487 |
| Veterans Respite Garden | - | 6,487 |
| Armed Forces Covenant Fund - Veterans’ Film Project | 493 | 10,180 |
| Armed Forces Covenant Fund - Tackling Isolation Through Camping | - | 2,936 |
| The National Lottery Community Fund | 11,908 | 8,238 |
| Pathway Navigator | 250 | 20,542 |
| Awards for All | - | 6,020 |
| 12,651 | 79,890 |
4 Income from charitable activities
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AA VETERANS SUPPORT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025
5 Expenditure on charitable activities
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | |||
| 2025 | 2025 | 2025 | 2024 | 2024 | 2024 | |
| £ | £ | £ | £ | £ | £ | |
| Direct costs | ||||||
| Staff costs | - | 23,932 | 23,932 | 4,649 | 20,913 | 25,562 |
| Depreciation and | ||||||
| impairment | 5,471 | 7,554 | 13,025 | 3,816 | 12,310 | 16,126 |
| Programme costs | 2,428 | 3,501 | 5,929 | 214 | 11,768 | 11,982 |
| Councelling costs | 430 | 3,606 | 4,036 | 490 | 8,645 | 9,135 |
| Fundraising costs | 5,119 | - | 5,119 | 7,446 | - | 7,446 |
| Patrons Dinner | 3,800 | - | 3,800 | - | - | - |
| 17,248 | 38,593 | 55,841 | 16,615 | 53,636 | 70,251 | |
| Share ofsupport and governance costs | (see note 6) | |||||
| Support | 39,843 | 3,969 | 43,812 | 43,970 | 454 | 44,424 |
| Governance | 2,424 | - | 2,424 | 1,590 | 240 | 1,830 |
| 59,515 | 42,562 | 102,077 | 62,175 | 54,330 | 116,505 | |
| Analysis byfund | ||||||
| Unrestricted funds | 59,515 | - | 59,515 | 62,175 | - | 62,175 |
| Restricted funds | - | 42,562 | 42,562 | - | 54,330 | 54,330 |
| §9,515 | 42,562 | 102,077 | 62,175 | 54,330 | 116,505 |
6 Support costs allocated to activities
| Support costs allocated to activities | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Establishment Expenses | 33,826 | 30,960 |
| General Expenses | 1,065 | 610 |
| Insurance | 3,411 | 2,216 |
| Subscriptions | 190 | 690 |
| Printing, Postage and Stationary | 2,202 | 2,649 |
| Motor Expenses | 2,270 | 5,164 |
| Repairs and Maintenance | 848 | 2,135 |
| Governance costs | 2,424 | 1,830 |
| 46,236 | 46,254 | |
| Analysed between: | ||
| Unrestricted Funds | 42,267 | 45,560 |
| Restricted Funds | 3,969 | 694 |
| 46,236 | 46,254 |
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AA VETERANS SUPPORT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025
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||||||||||
|---|---|---|---|---|---|---|---|---|
|6|Support|costs|allocated|to|activities|(Continued)|
|2025|2024|
|Governance|costs|comprise:|£|£|
|Audit|fees|2,070|1,830|
|Legal|and|professional|354|-|
|2,424|1,830|
|7|Net|movement|in|funds|2025|2024|
|£|£|
|The|net|movement|in|funds|is|stated|after|charging/(crediting):|
|Fees|payable|for the|independent|examination|of the|charity's|financial|
|statements|2,070|1,830|
|Depreciation|of owned|tangible|fixed|assets|13,025|16,126|
|Loss|on|disposal|of tangible|fixed|assets|55|-|
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8 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
9 Employees
The average monthly number of employees during the year was:
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||||||
|---|---|---|---|---|
|2025|2024|
|Number|Number|
|1|1|
|Employment|costs|2025|2024|
|£|£|
|Wages|and|salaries|16,734|17,945|
|Social|security|costs|5,994|6,304|
|Other|pension|costs|1,204|1,313|
|23,932|25,562|
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There were no employees whose annual remuneration was more than £60,000.
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AA VETERANS SUPPORT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025
10 Other expenditure
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Net loss on disposal of tangible fixed assets | 55 | - |
| Financing costs | 260 | 293 |
| 315 | 293 |
11. Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
12 Tangible fixed assets
| 12 | Tangible fixed assets | ||||
|---|---|---|---|---|---|
| Plantand | Fixtures and | Motor | Total | ||
| equipment | fittings | vehicles | |||
| £ | £ | £ | £ | ||
| Cost | |||||
| At 1 July2024 | 120,269 | 20,576 | 29,219 | 170,064 | |
| Disposals | - | - | (4,583) | (4,583) | |
| At 30 June 2025 | 120,269 | 20,576 | 24,636 | 165,481 | |
| Depreciation and impairment | |||||
| At 1 July 2024 | 61,727 | 12,981 | 22,155 | 96,863 | |
| Depreciation charged in the year | 10,067 | 1,899 | 1,059 | 13,025 | |
| Eliminated in respect ofdisposals | - | - | (3,628) | (3,628) | |
| At 30 June 2025 | 71,794 | 14,880 | 19,586 | 106,260 | |
| Carrying amount | |||||
| At 30 June 2025 | 48,475 | 5,696 | 5,050 | 59,221 | |
| At 30 June 2024 | 58,542 | 7,595 | 7,064 | 73,201 | |
| 13 | Debtors | ||||
| 2025 | 2024 | ||||
| Amounts falling due within one year: | £ | £ | |||
| Prepaymentsandaccruedincome | 720 | - |
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AA VETERANS SUPPORT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025
14 Creditors: amounts falling due within one year
| Creditors: amounts falling due within one year | |||
|---|---|---|---|
| 2025 | 2024 | ||
| Notes | £ | £ | |
| Othertaxation and social security | - | 2,039 | |
| Government grants | 15 | 23,697 | 8,329 |
| Other creditors | 240 | 240 | |
| Accruals and deferred income | 1,590 | 3,090 | |
| 25,527 | 13,698 |
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AA VETERANS SUPPORT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025
15 Government grants
Deferred income is included in the financial statements as follows:
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|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|2025|2024|
|£|£|
|Deferred|income|is|included|within:|
|Current|liabilities|23,697|8,329|
|Movements|in|the|year:|
|Deferred|income|at|1|July 2024|8,329|42,007|
|Released|from|previous|periods|(5,448)|(42,007)|
|Resources|deferred|in|the|year|20,816|8,329|
|Deferred|income|at|30|June|2025|23,697|8,329|
|16|Retirement|benefit|schemes|
|2025|2024|
|Defined|contribution|schemes|£|£|
|Charge|to|profit|or|loss|in|respect|of defined|contribution|schemes|1,204|1,313|
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The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
17 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
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||||||||||
|---|---|---|---|---|---|---|---|---|
|At|1|July|2024|Incoming|Resources|Transfers|At30|June|
|resources|expended|2025|
|£|£|£|£|£|
|The|National|Lottery|
|Community|Fund|38,250|11,908|(13,021)|-|37,137|
|DAERA Fishing|Grant|200|-|-|-|200|
|Navigator Veterans|Foundation|23,760|250|(24,242)|232|-|
|Veterans|Film|Project|7,188|493|(5,299)|-|2,382|
|69,398|12,651|(42,562)|232|39,719|
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AA VETERANS SUPPORT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025
17 Restricted funds
(Continued)
| Previous year: | At 1 July 2023 | Incoming | Resources | Transfers | At30 June |
|---|---|---|---|---|---|
| resources | expended | 2024 | |||
| £ | £ | £ | £ | £ | |
| Project Life | 3,044 | - | (3,044) | - | - |
| The National Lottery Community Fund 45,000 | 8,238 | (14,988) | - | 38,250 | |
| DAERA Fishing Grant | 200 | - | - | - | 200 |
| Pathway Navigator | - | 20,542 | (19,738) | (804) | - |
| Awards forAll | - | 6,020 | (6,020) | - | - |
| Veterans Respite Garden | |||||
| Project | - | 6,487 | (6,367) | (120) | - |
| NavigatorVeternas Foundation | - | 25,486 | (1,726) | - | 23,760 |
| Veterans Film Project | - | 10,181 | (2,447) | (546) | 7,188 |
| Tackling Isolation through | |||||
| Camping | - | 2,936 | - | (2,936) | - |
| 48,244 | 79,890 | (54,330) | (4,406) | 69,398 |
18 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At 1 July 2024 | Incoming | Resources | Transfers | At 30 June | |
|---|---|---|---|---|---|
| resources | expended | 2025 | |||
| £ | £ | £ | £ | £ | |
| General funds | 82,601 | 62,379 | (59,830) | (232) | 84,918 |
| Previous year: | At 1 July2023 | Incoming | Resources | Transfers | At30 June |
| resources | expended | 2024 | |||
| £ | £ | £ | £ | £ | |
| General funds | 87,621 | 53,042 | (62,468) | 4,406 | 82,601 |
| Analysis of net assets between funds | |||||
| Unrestricted | Restricted | Total | |||
| funds | funds | ||||
| 2025 | 2025 | 2025 | |||
| £ | £ | £ | |||
| At 30 June 2025: | |||||
| Tangible assets | 21,164 | 38,057 | 59,221 | ||
| Current assets/(liabilities) | 63,754 | 1,662 | 65,416 | ||
| 84,918 | 39,719 | 124,637 |
19 Analysis of net assets between funds
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AA VETERANS SUPPORT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025
19 Analysis of net assets between funds
(Continued)
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| funds | funds | ||
| 2024 | 2024 | 2024 | |
| £ | £ | £ | |
| At 30 June 2024: | |||
| Tangible assets | 27,765 | 45,436 | 73,201 |
| Current assets/(liabilities) | 54,836 | 23,962 | 78,798 |
| 82,601 | 69,398 | 151,999 |
20 =—&Related party transactions
There were no disclosable related party transactions during the year (2024 - none).
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