REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 |
FOR |
WATERLOO UNCOVERED |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 |
FOR |
WATERLOO UNCOVERED |
WATERLOO UNCOVERED |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
Page |
Report of the Trustees | 1 | to | 3 |
Independent Examiner's Report | 4 |
Statement of Financial Activities | 5 |
Balance Sheet | 6 | to | 7 |
Notes to the Financial Statements | 8 | to | 16 |
WATERLOO UNCOVERED (REGISTERED NUMBER: 09533851) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 30 APRIL 2024 |
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 April 2024. The trustees have adopted the provisions of 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) (effective 1 January 2019). |
OBJECTIVES AND ACTIVITIES |
Core objectives |
Waterloo Uncovered (WU) uses the archaeology of the Battle of Waterloo to help those who have served their country find peace from war, whilst adding to world history, beneficiary and public education. |
The charity was established in 2015 (the Battle of Waterloo's bicentenary year). Since then it has conducted an excavation at the Waterloo Battlefield in Belgium, when possible, developed several highly regarded beneficiary support programmes, and continues to educate across the archaeological and wellbeing arena. |
At the core of WU are the Veterans and Serving Military Personnel (VSMP) who are offered a unique opportunity to take part in excavating one of the world's most famous battlefields, working with a team of top international archaeologists and students to advance the historical knowledge of the battle and those who fought in it. |
At the same time, VSMP are offered support and encouragement with their health and wellbeing, recovery (from both mental and physical injury) education, employment, and vocational skills as well as assistance with the transition from military to civilian life. The nature of WU also means that the participating VSMP can add great value to the project. For example, their real-life experiences of the military and exposure to conflict means they offer valuable insights which aid the interpretation of the archaeological finds. WU also runs a range of other programmes, both in person and online, to tackle loneliness and improve wellbeing. |
Fundamentally WU was created to perform three essential aims: |
- Veterans and Serving Military Personnel Support : providing those who have served their country with the support they deserve when they need it most. |
- Archaeology of Waterloo : investigating and preserving the heritage of the battlefield before all traces are lost forever; and adding new understanding to the military history of this decisive battle. |
- Education : providing formal education, informal learning and public engagement that broadens the understanding of war and its impact on people both then and now. |
Whilst WU is UK based, and the majority of those taking part and benefitting from its support are from the UK, the charity does have an important international aspect. International beneficiaries, primarily from the modern-day countries that took part at the Battle of Waterloo but also from further afield, are a key part of the project. Not least in helping to understand the battle from all sides, educate a wide and diverse audience, and continue to build important international relationships at a micro and macro level from individual friendships to partnerships between institutions and governments. |
WATERLOO UNCOVERED (REGISTERED NUMBER: 09533851) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 30 APRIL 2024 |
OBJECTIVES AND ACTIVITIES |
Significant activities |
This financial year (from 1st May 2023 to 30th April 2024) saw the charity continue with its excavation on the battlefield of Waterloo and build on its successful VSMP Support Programmes. In total we supported 69 beneficiaries and ran four programmes as follows: |
- Excavation Programme : in-person Excavation of the Waterloo Battlefield, helping VSMP's recovery through archaeology |
- Finds Programme : working on handling collections and telling WU's story and educating around the Battle and the people involved on our programmes |
- Follow-on Programme : supported beneficiaries who participated in previous programmes for a further 12 month period |
- Battlefields Uncovered : WU's accredited education programme run in conjunction with Utrecht University. |
The charity overall saw a drop in income compared with the previous year 2022/23, which was an exceptional year on income achievements. Income therefore returned to average, and could be attributed to a transition period with the departure of the former CEO and Founder and arrival of a new CEO, combined with a challenging external financial climate across the charity sector |
Future Development |
As referenced above, 2023/24 was a year of significant change but throughout the year WU continued to prove its ability to effect change in people's lives and to furthering the important archaeological work on the Battlefield. Looking to the future, the charity plans to continue excavating the Waterloo Battlefield and run its wider programmes, such as Battlefields Uncovered and Finds, for UK VSMP. |
WU will focus on raising funds to support its activity as well as working with international partners and other nations. |
Public benefit |
In shaping our objectives for the year and planning our activities, the Trustees have considered the Charity Commission's guidance on public benefit. |
FINANCIAL REVIEW |
Reserves policy |
The Trustees' aim is to ensure that there are sufficient reserves to cover three to six months operating expenses but where this is not possible do not commit beyond available cash funds. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. |
Recruitment, appointment and induction of new trustees |
New trustees are recruited to maintain a balanced Board. They are chosen based on their skills and experience to fill the needs of the charity, and to help achieve the charitable aims. On appointment they are briefed on the workings of the charity and any committees or areas they will be part of or have specific responsibility for. |
Key management remuneration |
The Trustees, who are also directors, are in charge of directing and controlling the charity. All Trustees give their time freely. Day to day management was delegated to the Chief Executive and the Chief Operating Officer until the autumn of 2023. Since February 2024, the charity has been led by a Chief Executive. Staff pay is reviewed annually. |
Risk management |
The trustees have a duty to identify and review the risks which the charity is exposed to and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. |
WATERLOO UNCOVERED (REGISTERED NUMBER: 09533851) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 30 APRIL 2024 |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
Trustees |
Independent Examiner |
Alison Sanderson |
Liles Morris Limited |
1st Floor |
80 Coombe Road |
New Malden |
Surrey |
KT3 4QS |
Chief Executive |
Mark Evans (resigned 26.09.23) |
Abigail Boyle (appointed 19.02.24) |
Website |
www.waterloouncovered.com |
Approved by order of the board of trustees on |
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
WATERLOO UNCOVERED |
Independent examiner's report to the trustees of Waterloo Uncovered ('the Company') |
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 April 2024. |
Responsibilities and basis of report |
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). |
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. |
Independent examiner's statement |
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. |
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: |
1. | accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or |
2. | the accounts do not accord with those records; or |
3. | the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or |
4. | the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). |
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. |
Alison Sanderson |
Liles Morris Limited |
1st Floor |
80 Coombe Road |
New Malden |
Surrey |
KT3 4QS |
17 January 2025 |
WATERLOO UNCOVERED |
STATEMENT OF FINANCIAL ACTIVITIES |
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) |
FOR THE YEAR ENDED 30 APRIL 2024 |
2024 | 2023 |
Unrestricted | Restricted | Total | Total |
fund | funds | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies | 2 |
EXPENDITURE ON |
Raising funds | 3 |
Charitable activities | 4 |
Other | 7 |
Total |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 80,066 |
WATERLOO UNCOVERED (REGISTERED NUMBER: 09533851) |
BALANCE SHEET |
30 APRIL 2024 |
2024 | 2023 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 12 |
CURRENT ASSETS |
Debtors | 13 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 14 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 16 |
Unrestricted funds | 62,566 |
Restricted funds | 17,500 |
TOTAL FUNDS | 80,066 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024. |
The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006. |
The trustees acknowledge their responsibilities for |
(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
WATERLOO UNCOVERED (REGISTERED NUMBER: 09533851) |
BALANCE SHEET - continued |
30 APRIL 2024 |
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
The financial statements were approved by the Board of Trustees and authorised for issue on |
WATERLOO UNCOVERED |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
These financial statements are prepared on a going concern basis, under the historical cost convention. |
The Company is a public benefit entity for the purposes of FRS 102 and a registered charity established as a company limited by guarantee and therefore has also prepared its financial statements in accordance with the 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 (The FRS 102 Charities SORP) and the Companies Act 2006 Waterloo Uncovered meets the definition of a public benefit entity under FRS 102. |
The financial statements have been prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest pound. |
The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’ This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. |
Income |
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. |
Expenditure |
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. |
Raising funds |
These include expenditure associated with implementing the objectives of the charity and include both direct and support costs relating to these activity costs. |
Charitable activities |
These include expenditure associated with implementing the objectives of the charity and include both direct and support costs relating to these activity costs |
Governance costs |
These costs include the cost of the preparation of the statutory accounts and the costs of Board of Trustee meetings. |
WATERLOO UNCOVERED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2024 |
1. | ACCOUNTING POLICIES - continued |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Fixtures and fittings | - |
Computer equipment | - |
Taxation |
The charity is exempt from corporation tax on its charitable activities. |
Fund accounting |
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. |
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
Pension costs and other post-retirement benefits |
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. |
Creditors and provision |
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due |
Financial instruments |
Cash and cash equivalents |
Cash and cash equivalents include cash at banks and in hand and short term deposits with a maturity date of three months or less. |
Debtors and creditors |
Debtors and creditors receivable or payable within one year of the reporting date are carried at their transaction price. Debtors and creditors that are receivable or payable in more than one year and not subject to a market rate of interest are measured at the present value of the expected future receipts or payment discounted at a market rate of interest. |
Government Grants |
Government grant income relating to coronavirus support is recorded in the period to which the claim relates and all conditions required have been completed. |
WATERLOO UNCOVERED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2024 |
2. | DONATIONS AND LEGACIES |
2024 | 2023 |
£ | £ |
Project related donations |
General donations |
The Trust benefits greatly from the involvement and enthusiastic support of its many volunteers, details of which are given in our annual report. In accordance with FRS 102 and the Charities SORP (FRS 102), the economic contribution of general volunteers is not recognised in the accounts. |
3. | RAISING FUNDS |
Raising donations and legacies |
2024 | 2023 |
£ | £ |
Fundraising | 50,256 | 100,248 |
4. | CHARITABLE ACTIVITIES COSTS |
Direct |
Costs (see |
note 5) |
£ |
Archaeological digs & trips | 195,124 |
Education and outreach | 18,430 |
Veteran Support Programme | 175,714 |
389,268 |
5. | DIRECT COSTS OF CHARITABLE ACTIVITIES |
2024 | 2023 |
£ | £ |
Staff costs | 197,639 | 220,170 |
Archaeological digs & trips | 102,892 | 236,780 |
Education & outreach | 5,254 | 6,981 |
Veteran Support Programme | 83,483 | 147,954 |
389,268 | 611,885 |
WATERLOO UNCOVERED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2024 |
6. | SUPPORT COSTS |
Governance |
Management | costs | Totals |
£ | £ | £ |
Other resources expended | 94,851 | 2,137 | 96,988 |
In the year ended 30th April 2024 around 75% of support costs related to Charitable activities (2023 - 75%). |
The costs transferred were allocated |
- 5% to Outreach & Education (2023 - 5%) |
- 35% to Archaeological Digs & Trips (2023 - 20%) |
- 35% to Veteran Support Programs (VSP). (2023 - 50%) |
The Veteran Support Programme continues to constitute the majority of the charity's work. |
Support costs, included in the above, are as follows: |
Management |
2024 | 2023 |
Other |
resources | Total |
expended | activities |
£ | £ |
Staff salaries & related employment costs | 59,271 | 65,899 |
Social security | 5,289 | 5,952 |
Pensions | 1,319 | 1,539 |
Office costs, administration & contractors | 105,088 | 139,627 |
Transfer to Charitable activities | (78,816 | ) | (104,720 | ) |
Depreciation of tangible and heritage assets | 2,700 | 3,343 |
Loss on sale of tangible fixed assets | - | 450 |
94,851 | 112,090 |
Governance costs |
2024 | 2023 |
Other |
resources | Total |
expended | activities |
£ | £ |
Independent examination | 1,800 | 1,800 |
Accountancy and legal fees | 337 | 7,297 |
2,137 | 9,097 |
WATERLOO UNCOVERED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2024 |
7. | OTHER |
2024 | 2023 |
£ | £ |
Support costs | 96,988 | 88,687 |
8. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
2024 | 2023 |
£ | £ |
Independent examination | 1,800 | 1,800 |
Depreciation - owned assets |
Deficit on disposal of fixed assets |
9. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 30 April 2024 nor for the year ended 30 April 2023. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 30 April 2024 nor for the year ended 30 April 2023. |
10. | STAFF COSTS |
2024 | 2023 |
£ | £ |
Wages and salaries |
Social security costs |
Other pension costs |
263,518 | 293,560 |
The average monthly number of employees during the year was as follows: |
2024 | 2023 |
Operations |
WATERLOO UNCOVERED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2024 |
11. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
fund | funds | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
EXPENDITURE ON |
Raising funds |
Charitable activities |
Other |
Total |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
Transfers between funds | (346,654 | ) | 346,654 | - |
Net movement in funds | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward | 113,127 | - |
TOTAL FUNDS CARRIED FORWARD | 62,566 | 17,500 | 80,066 |
12. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1 May 2023 |
Additions |
At 30 April 2024 |
DEPRECIATION |
At 1 May 2023 |
Charge for year |
At 30 April 2024 |
NET BOOK VALUE |
At 30 April 2024 |
At 30 April 2023 |
WATERLOO UNCOVERED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2024 |
13. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Social security & other taxes | 378 | - |
14. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
Social security and other taxes |
Pension contributions payable | 1,030 | 1,208 |
Accruals and deferred income |
15. | ANALYSIS OF NET ASSETS BETWEEN FUNDS |
2024 | 2023 |
Unrestricted | Restricted | Total | Total |
fund | funds | funds | funds |
£ | £ | £ | £ |
Fixed assets | 3,447 | - | 3,447 | 5,318 |
Current assets |
Current liabilities | ( |
) | ( |
) | ( |
) |
52,375 | 13,000 | 65,375 | 80,066 |
16. | MOVEMENT IN FUNDS |
Net |
movement | At |
At 1.5.23 | in funds | 30.4.24 |
£ | £ | £ |
Unrestricted funds |
General fund | 62,566 | (10,191 | ) | 52,375 |
Restricted funds |
The Main Project (Veteran Support / Summer Excavations) |
17,500 |
(7,500 |
) |
10,000 |
Community Fundraising | - | 3,000 | 3,000 |
(4,500 | ) |
TOTAL FUNDS | (14,691 | ) | 65,375 |
WATERLOO UNCOVERED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2024 |
16. | MOVEMENT IN FUNDS - continued |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 373,197 | (383,388 | ) | (10,191 | ) |
Restricted funds |
The Main Project (Veteran Support / Summer Excavations) |
84,005 |
(91,505 |
) |
(7,500 |
) |
Adrian Swire (Core Costs) | 20,000 | (20,000 | ) | - |
The Edward Gostlin Fund (Core Costs) | 25,000 | (25,000 | ) | - |
Community Fundraising | 19,619 | (16,619 | ) | 3,000 |
( |
) | (4,500 | ) |
TOTAL FUNDS | ( |
) | (14,691 | ) |
Comparatives for movement in funds |
Net | Transfers |
movement | between | At |
At 1.5.22 | in funds | funds | 30.4.23 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 113,127 | 296,093 | (346,654 | ) | 62,566 |
Restricted funds |
The Main Project (Veteran Support / Summer Excavations) |
- |
(337,154 |
) |
346,654 |
9,500 |
Community Fundraising | - | 8,000 | - | 8,000 |
- | (329,154 | ) | 346,654 | 17,500 |
TOTAL FUNDS | 113,127 | (33,061 | ) | - | 80,066 |
WATERLOO UNCOVERED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2024 |
16. | MOVEMENT IN FUNDS - continued |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 589,748 | (293,655 | ) | 296,093 |
Restricted funds |
The Main Project (Veteran Support / Summer Excavations) |
170,011 |
(507,165 |
) |
(337,154 |
) |
Adrian Swire (Core Costs) | 20,000 | (20,000 | ) | - |
The Edward Gostlin Fund (Core Costs) | 12,500 | (12,500 | ) | - |
Community Fundraising | 8,000 | - | 8,000 |
210,511 | (539,665 | ) | (329,154 | ) |
TOTAL FUNDS | 800,259 | (833,320 | ) | (33,061 | ) |
The Main Fund (formerly the LIBOR fund). |
This was originally seeded with funding received from LIBOR to further the charity's work. Since 2022 it has been funded by other donors. |
The funding is used to further field trips and increase the number of SPV participants. In addition it funds education and outreach awareness. |
Community Fundraising |
The Waterloo London to Waterloo Belgium cycle ride is a community fundraising initiative enabling cycling participants to raise funds, through donations. Cyclists paid a nominal fee to cover the costs of the activity, whilst raising funds to support the range of Waterloo Uncovered programmes |
17. | RELATED PARTY DISCLOSURES |