LOTHIANS VETERANS' CENTRE LIMITED Charity Accounts

COMPANY REGISTRATION NUMBER: SC362801

CHARITY REGISTRATION NUMBER: SC040690

LOTHIANS VETERANS' CENTRE LIMITED

Company Limited by Guarantee

Unaudited Financial Statements

31 March 2025

LOTHIANS VETERANS' CENTRE LIMITED

Company Limited by Guarantee

Financial Statements

Year ended 31 March 2025

	Page

Trustees' annual report (incorporating the director's report)	1

Independent examiner's report to the trustees	8

Statement of financial activities (including income and expenditure account)	9

Statement of financial position	10

Notes to the financial statements	11

LOTHIANS VETERANS' CENTRE LIMITED

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 31 March 2025

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2025 .

Reference and administrative details

Registered charity name	LOTHIANS VETERANS' CENTRE LIMITED

Charity registration number	SC040690

Company registration number	SC362801

Principal office and registered	11 Eskdaill Court
office	Dalkeith
	EH22 1AG

The trustees

	Mr C Elliot	(Appointed 5 September 2024)
	Mr I Stewart	(Appointed 2 May 2024)
	Mr J Naples	(Appointed 30 January 2025)
	Mr A Hill	(Resigned 30 January 2025)

	Mr C Jetuah
	Ms E Davies	(Resigned 30 January 2025)
	Ms G Purdie
	Mr K Coventry
	Mr K Dempsey
	Ms N Cutler	(Resigned 13 October 2025)
	Mr T Wood

Independent examiner	Mr W R Paterson FCCA
	41 Charlotte Square
	Edinburgh
	EH2 4HQ

Structure, governance and management

Lothians Veterans' Centre is governed by trustees who are also its directors under company law. There are two categories of directors - member directors and co-opted directors. Under the articles the member directors, who are required to be members of Lothians Veterans' Centre, shall at all times constitute a majority of the directors. The directors may at any time appoint any individual to be a co-opted director on the basis that he/she has specialist experience and/or skills which could assist the directors. All Trustees are volunteers and cannot be paid employees of Lothians Veterans' Centre.

Organisation and management

Day to day management and operations are delegated to the Chief Executive. The board of trustees meets a minimum of four times per annum, with the Chairperson meeting more regularly with the Chief Executive.

Governing Document

The organisation is a charitable company limited by guarantee. The company was established under a Memorandum and Articles of Association which established the objects and powers of the charitable company and it is governed by its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1. There was a revision of the Memorandum and Articles of Association during the year, including an update of the objects of the charity, which was subject to the approval of OSCR. The objects are detailed in the Objectives and Activities section below.

Risk Management

The Trustees have examined the major strategic business and operational risks which the charity faces and confirm that the systems in place enable regular reports to be provided so that the necessary steps can be taken to minimise any potential risks.

Objectives and activities

The purpose of the charity is to provide support to ex-service personnel and their families, with a range of services to deal with challenges associated with their service and transition into civilian life. In order to effectively achieve this the objects of the charity are as undernoted. The objects of the charity were amended during the year as part of changes to and modernisation of the company's memorandum and articles of association. The changes to the objects have been approved by OSCR:

- The relief for those in need as a result of suffering, distress and/or disadvantage caused by serving or having served in the armed forces (including service in the Reserve Forces) or as members of the merchant marine (in times of war) ("Veterans") and their families, particularly through the provision of advice and support;

- The advancement of education through raising public awareness of issues affecting the lives of Veterans;

- The advancement of health, and in particular the mental and emotional wellbeing, of :

- those suffering from ill health and/or injury, particularly through providing support, advice and information to promote and improve physical and mental health;

- individuals resident in Scotland who are suffering from mental and emotional distress as a result of a family member being killed or wounded in military service, through the provision of advice and support;

- The provision of recreational, sport, leisure and social opportunities, or the organisation of

such activities with the object of improving the conditions of life for Veterans.

- Providing support and advice to serving personnel, Veterans and their families and

merchant marine (in time of war), on issues which shall include (but shall not be limited to) pensions, housing, benefits, employment, financial and legal matters, particulalry through the operation of drop-in facilities.

Achievements and performance

This was yet another very busy year for LVC which saw us winning the Silver Award for Veterans Group of the Year at the Scottish Veterans' Awards in April 2024. We were also honoured to be asked to host a visit by the UK Veterans Minister, Al Carns DSO OBE MC MP, along with his team from the Office of Veterans Affairs (OVA) in January 2025. Shortly after the Minister took up post, his team asked if he could visit to see firsthand our 'one stop shop' approach to supporting the Veterans' Community as he he had "heard good things about us both north and south of the border" and we were delighted to oblige!

LVC's staff team remained unchanged throughout the year, but the Board of Trustees welcomed three new Board members, including me. The former Chair, Emma Davies, and Treasurer, Alan Hill, both stepped down from the Board of Trustees in January 2025 due to family commitments and were replaced by me and Kevin Dempsey respectively. LVC's dedicated volunteers continued to support the team admirably throughout the year providing stellar support to Veterans and families. I would like to extend my sincere thanks to the staff team, Board and volunteers as we could not deliver the level and range of support we do without them.

LVC continued to offer a safe, welcoming environment for Veterans and families, primarily in the Lothians, through our drop-in centre and numerous external events and activities throughout the year. Veterans and families were encouraged and supported to access a community where they could connect with like-minded people with shared experiences and regain the sense of belonging and identity that was so familiar during service. Our life-changing and lifesaving, holistic, person-centred advice and support included helping to combat the never abating cost-of-living crisis which, without a shadow of a doubt, continues to impact negatively on people's ability to socialise, maintain connections, stay physically and mentally healthy and manage finances.

LVC's staff and volunteers continued to work tirelessly to help combat inequalities in health and social care for Veterans and families whilst also helping reduce stigma around seeking support. Veterans and families were encouraged and supported to integrate not only into the Veterans' Community but also the Local Community to ensure they were making the most of any and all support. Our social events and activities were undoubtedly a lifeline for some individuals and were their sole means of social connectedness. With that in mind, we offered encouragement and help so Veterans and families could form peer support groups outwith LVC, where they could meet up and be part of WhatsApp and Messenger groups, to maintain a level of social connection that benefits their overall health and wellbeing, mental resilience, self-confidence and self-esteem.

We also maintained our proactive approach to reach underrepresented groups in the Veterans' Community whilst recognising that some support needs to be delivered in single-sex environments to give Veterans and families the opportunity to meet in safe spaces where they can get the most appropriate and effective support and meet others with similar lived experiences. To that end, our Sisters in Arms Force for Change Project was devised to encourage more female Veterans, wives and female partners of Veterans to access support from LVC and our partner organisations through attending female-only monthly evening drop-ins and other social events. We removed barriers that may have prevented access to support such as affordability, safeguarding and childcare and went to great lengths to ensure drop-ins and events were attractive to women. We also welcomed women from many of our partner organisations to talk about support and deliver activities.

Our Female Veterans' Gateway Project, which began this year and is funded for a total of three years, has been running alongside our Sisters in Arms Force for Change Project and was engineered specifically for ex-servicewomen to encourage them to access more support. Servicewomen are disproportionately affected by Military Sexual Trauma and less likely to identify as Veterans. They are also less likely to seek support in the Veterans' Sector than their male counterparts for a number of reasons. It is is hugely important to continue to break down barriers so female Veterans receive appropriate support for their distinct and compelling needs and we will continue to develop and deliver our services with female Veterans in mind so they feel safe in the knowledge that we can provide the support they need. As part of this project, we organised two unprecedented networking events in Edinburgh for female Veterans to encourage them to seek support from LVC and many of our partner organisations. We also took female Veterans' on a trip to Liverpool in the run up to International Womens' Day to meet with a female Veterans' group at Everton in the Community called Stand By Her. It is evident that there is a strong demand for female Veterans' events as our events are attracting female Veterans from all over Scotland and the north of England. There is currently little to no support for female Veterans in several areas in the UK but we are proud to say we are leading the change in Scotland for equitable access to female Veterans' support and have been influential in persuading more organisations to design and deliver services with female Veterans in mind.

We also continued to offer 'NAAFI Break' evening drop-ins for male Veterans as a means of receiving peer support, making new friends and building on existing relationships with other men with shared experiences. Male Veterans engaging with LVC are one of the groups that has genuinely benefitted from forming peer support groups outwith LVC.

Another group that has greatly benefitted from peer support is our older Veterans and families, many of whom attend the weekly D Day Club where they can meet socially and join in activities that stimulate the mind such as quizzes, crafts, bingo and dominoes. Afterwards they are able to enjoy a healthy hot lunch at our Warm Hub in each others company. Some people in this group are particularly isolated and our events are their sole means of social connection so it is vital that they remain supported. The members of the D Day Club also enjoyed a day trip to Dundee and a Christmas party this year.

We also maintained our ongoing commitment to ensure we remain a safe space for LGBT+ Veterans and their families and have continued to work closely with Fighting With Pride to ensure LGBT+ Veterans get the best support.

As the number of people accessing support continues to rise, the Warm Hub is pivotal in being able to provide a warm, welcoming space for Veterans and families that are struggling to pay bills, afford everyday shopping and essentials, pay utility bills, buy clothes and other necessities. This is of particular concern for people on lower and fixed incomes. All these factors can have a detrimental impact on other areas of people's lives such poor mental health and social isolation. By providing the practical help of a Warm Hub we have helped ease financial worries and improve people's overall health and wellbeing and state of mind.

Over the past year we have also increased the number and range of surgeries and drop-ins where Veterans and families can get the expert advice and support they need from both statutory and third-sector organisations within LVC's safe and familiar surroundings. Having such a vital resource can make lasting and notable differences to people's lives as it fosters a real sense of trust and goes a long way to ease worries and anxiety.

At the end of this financial year we have 669 active service users and Veterans and families benefitted from the following:

- 47 new people registered with LVC giving them and their families access to a wealth of support and advice;

- 384 advice and support sessions with LVC's experienced staff for issues such as health and wellbeing, mental health and stress, social isolation and loneliness, housing, homelessness, employment, education, training, volunteering, pensions, benefits, debt and finances;

- 776 attendances at our Warm Hub providing access to free Wi-Fi, TV, digital access, hot and cold drinks, homemade soup and filled rolls every weekday to help those struggling financially and with social isolation and loneliness;

- 283 drop-ins where Veterans and families could connect with others and benefit from informal chats and brews/wets with LVC's peer support staff and volunteers;

- 56 food/toiletry parcels were given out to Veterans and families struggling to afford to feed themselves and their families, including larger parcels over the festive period, and people also had the opportunity to take items of food/toiletries from our larder when needed;

- 14 emergency payments were provided to those most in need;

- 1342 attendances at our much loved and eagerly anticipated weekly Bacon Roll Morning;

- 1045 attendances at our weekly social club (D Day Club) for Veterans and families aged 50+. The D Day Club also visited ERMAC, Bishopton, they had a Christmas party, and they went on a day trip to Dundee;

- 191 attendances at our various free social and sporting activities, events and trips. These included a visit to Linburn Walled Garden to find out about and enroll in Defence Gardens Scheme's horticultural courses, a second visit to learn bushcraft and a third visit to attend our annual family fun day and barbeque. We also took veterans and families to 'Scotland's Salute' in the Usher Hall in Edinburgh which was a concert to mark the 80th anniversary of D Day, and Veterans also enjoyed clay pigeon shooting;

- 56 surgery appointments and drop-ins at LVC for Veterans and families to access free expert advice and follow-up support from SSAFA, MOD Veterans UK, Armed Services Advice Project (ASAP), DWP, Defence Medical Welfare Service (DMWS), Ears2Hear, Sight Scotland Veterans and Shared Parenting Scotland. The support included help with benefits, debt, budgeting, housing, pensions, relationships, the Armed Forces Compensation Scheme, access to children during separation/divorce, and hearing and sight loss issues;

- 118 referrals to partner organisations in the statutory and third sectors for specialist support;

- 325 instances where LVC's dedicated volunteers supported the staff team;

- 10 Veterans and family members were encouraged and supported to complete the Edinburgh Kiltwalk to raise money for LVC;

- 93 attendances at our monthly male Veterans' 'NAAFI Break' support groups;

- 351 attendances at our female-only events and monthly drop-ins.

As well as providing all the above advice and support to the Veterans' Community, we continued to work with and support the Local Community as there is an intrinsic link there and we receive many referrals from organisations such as local authorities, schools, GPs and other organisations. As part of our support this year we worked with Midlothian Council to provide a work experience placement for a young person who had just left school which not only benefitted us as a charity and provided the student with customer service experience, it also gave them the opportunity to learn about issues that affect Veterans and families and how best to support them. We were also delighted to be able to support a local Army Cadet who approached us to volunteer as part of his Bronze Duke of Edinburgh Award. He enjoyed volunteering at LVC after school on Fridays and also during school holidays.

We continued our fundraising events and initiatives which generated vital revenue for our small charity as well as raised our profile in the Veterans' and Local Communities. Our fundraising events included the Edinburgh Kiltwalk in September 2024 and we also had some information stalls at local supermarkets to reach more Veterans and families in the local community and raise awareness of Veterans' issues. We cannot rely solely on fundraising and we could not provide the quality, level and wide range of of support to Veterans and families without the ongoing support of our funders and collaboration with our partner organisations. To that end, we would like to extend our heartfelt thanks to our funders including Veterans Foundation, Armed Forces Covenant Fund Trust, Midlothian Council, Army Benevolent Fund, The Scottish Government, National Lottery Community Fund and Age Scotland. Their generous and ongoing support means that we can continue delivering and expanding support services to Veterans and their families throughout the Lothians and beyond.

Ian Stewart - Chair of Board of Trustees

Lothians Veterans Centre

Financial review

The charity reported a surplus of £67,298 for the year (2024 a deficit of £20,125) and total funds held at the year end increased accordingly to £185,559. Of these funds £28,170 are restricted and £157,389 are unrestricted.

The reserves policy of the charity is to hold sufficient funds for 3 months activity in the event of withdrawal of key funding. This will give the charity time to evaluate its course of action and also to provide for staff redundancies.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

The trustees' annual report was approved on 23 October 2025 and signed on behalf of the board of trustees by:

Mr I Stewart

Trustee

LOTHIANS VETERANS' CENTRE LIMITED

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of LOTHIANS VETERANS' CENTRE LIMITED

Year ended 31 March 2025

I report on the financial statements for the year ended 31 March 2025, which comprise the statement of financial activities (including income and expenditure account), statement of financial position and the related notes.

Respective responsibilities of trustees and examiner

The charity's trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The charity trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the 2006 Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1)(c) of the Act and to state whether particular matters have come to my attention.

Basis of independent examiner's report

My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements:

- to keep accounting records in accordance with section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and

- to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations

have not been met, or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Mr W R Paterson FCCA Independent Examiner

41 Charlotte Square Edinburgh EH2 4HQ

28 October 2025

LOTHIANS VETERANS' CENTRE LIMITED

Company Limited by Guarantee

Statement of Financial Activities

(including income and expenditure account)

Year ended 31 March 2025

	2025			2024
	Unrestricted funds	Restricted funds	Total funds	Total funds
Note	£	£	£	£

Income and endowments

Donations and legacies	5	69,938	139,183	209,121	82,741
Charitable activities	6	19,670	6,667	26,337	39,110
Other trading activities	7	–	–	–	6,801
Investment income	8	325	–	325	267
		--------	---------	---------	---------
Total income		89,933	145,850	235,783	128,919
		--------	---------	---------	---------

Expenditure

Expenditure on raising funds:

	Costs of raising donations and legacies	9	16,841	–	16,841	18,051
	Costs of other trading activities	10	–	–	–	861
Expenditure on charitable activities		11	33,964	117,680	151,644	130,132
			--------	---------	---------	---------
Total expenditure			50,805	117,680	168,485	149,044
			--------	---------	---------	---------

	--------	---------	---------	---------
Net income/(expenditure) and net movement in funds	39,128	28,170	67,298	( 20,125)
	--------	---------	---------	---------

Reconciliation of funds

Total funds brought forward	118,261	–	118,261	138,386
	---------	---------	---------	---------
Total funds carried forward	157,389	28,170	185,559	118,261
	---------	---------	---------	---------

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

LOTHIANS VETERANS' CENTRE LIMITED

Company Limited by Guarantee

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible fixed assets	17	1,908	1,641

Current assets

Debtors	18	11,440	1,178
Cash at bank and in hand		176,262	119,136
		---------	---------
		187,702	120,314

Creditors: amounts falling due within one year	19	4,051	3,694
		---------	---------
Net current assets		183,651	116,620
		---------	---------
Total assets less current liabilities		185,559	118,261
		---------	---------
Net assets		185,559	118,261
		---------	---------

Funds of the charity

Restricted funds		28,170	–
Unrestricted funds		157,389	118,261
		---------	---------
Total charity funds	21	185,559	118,261
		---------	---------

For the year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements were approved by the board of trustees and authorised for issue on 23 October 2025 , and are signed on behalf of the board by:

Mr I Stewart

Trustee

LOTHIANS VETERANS' CENTRE LIMITED

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in Scotland (registration number SC362801 ) and a registered charity in Scotland (registration number SC040690 ). The address of the registered office is 11 Eskdaill Court, Dalkeith, EH22 1AG. For details regarding the activities of the charity refer to the Trustees Report .

2. Statement of compliance

The financial statements have been prepared in compliance with 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) - second edition issued October 2019, The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Companies Act 2006, the Charities Accounts (Scotland) Regulations 2006 (as amended), the Charities and Trustee Investment (Scotland) Act 2005, and UK Generally Accepted Practice as it applies from 1 January 2015.

3. Accounting policies

Basis of preparation

The financial statements relate solely to the individual entity and have been prepared on the historical cost basis. The accounts are prepared in sterling which is the functional currency of the entity and are rounded to the nearest pound.

Going concern

The Trustees believe that the going concern basis of preparation of the accounts is appropriate based on the financial position of the charity at the date of signing the accounts as sufficient funds are held to meet its obligations in the following 12 months.

Disclosure exemptions

Only larger entities, as defined in the Charities SORP (FRS 102), must provide a statement of cash flows in their financial statements. Accordingly, as the charity is not a larger entity, it has not presented a statement of cash flows.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Significant judgements The management do not consider that there are any judgements (for those involving estimations see the following paragraphs) they have made in the process of applying the entity's accounting policies that will have a significant effect on the amounts recognised in the financial statements. Key sources of estimation uncertainty Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. In some instances the allocation of expenditure to a specific fund involves estimating the proportion of an expense used in delivering the relevant project. In the case of staff costs that involves estimating staff time spent on a project. With the exception of the foregoing the management do not consider that there are any sources of estimation uncertainty that have a a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Fund accounting

The charity has 2 classifications of funds which are separately disclosed in the accounts:- Unrestricted funds are funds which are available for use at the discretion of the trustees to further any of the charity's purposes. Restricted funds which the funder has specified are to be solely used for particular areas of the charity's work or for a specific project.

Incoming resources

All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred and is classified under the appropriate heading in the statement of financial activities to which it relates. As the charity is not registered for VAT expenditure is stated gross of VAT.

- expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

- expenditure on raising funds includes those costs incurred in attracting grants and donations, and those incurred in activities that raise funds.

- support costs are those costs incurred to facilitate an activity. Support costs relating to a specific activity are allocated directly to that activity

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	25% straight line

Financial instruments

The charity only has financial assets and financial liabilities that qualify as basic financial instruments. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debtors Debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and in hand Cash at bank and in hand consists of short term highly liquid bank deposits none of which have a notice period exceeding 7 days. Creditors and provisions 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.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.

4. Limited by guarantee

The charity is a company limited by guarantee and has no share capital. The liability of each members in the event of winding up is limited to £1.

5. Donations and legacies

Unrestricted Funds	Restricted Funds	Total Funds 2025
£	£	£

Donations

	Donations	24,938	–	24,938

Grants

RAF Benevolent Fund	–	–	–
ABF The Soldiers Charity	20,000	–	20,000
Big Lottery	–	63,800	63,800
Armed Forces Covenant Fund Trust	–	39,080	39,080
Age Scotland	–	1,100	1,100
Veterans Foundation	25,000	–	25,000
Scottish Government Grants	–	35,203	35,203
	--------	---------	---------
	69,938	139,183	209,121
	--------	---------	---------

Unrestricted Funds	Restricted Funds	Total Funds 2024
£	£	£

Donations

	Donations	14,549	–	14,549

Grants

RAF Benevolent Fund	2,500	–	2,500
ABF The Soldiers Charity	18,120	–	18,120
Big Lottery	–	–	–
Armed Forces Covenant Fund Trust	–	–	–
Age Scotland	–	–	–
Veterans Foundation	25,000	–	25,000
Scottish Government Grants	–	22,572	22,572
	--------	--------	--------
	60,169	22,572	82,741
	--------	--------	--------

The grants received from the Scottish Government of £35,203 (2024 - £22,572) and the National Lottery of £63,800 (2024 - £0) are considered to be government grants as defined in the Charities SORP (FRS102). For further details regarding these grants please see note 21. See note 6 regarding monies received from Midlothian Council under a service level agreement in the current and previous year.

6. Charitable activities

	Unrestricted Funds	Restricted Funds	Total Funds 2025
	£	£	£
Performance-related grants	19,670	6,667	26,337
	--------	-------	--------

	Unrestricted Funds	Restricted Funds	Total Funds 2024
	£	£	£
Performance-related grants	19,110	20,000	39,110
	--------	--------	--------

Restricted income of £6,667 (2024 - £20,000) was received in the year in the form of a service level agreement funded by the Armed Forces Covenant Fund Trust and relates to the Veterans' Places, People and Pathways project more details of which are contained in note 21. Unrestricted income of £19,670 (2024 - £19,110) relates to a service level agreement with Midlothian Council for LVC's core services of advice sessions and referrals to our partners, our social events and activities including a weekly bacon roll morning and a weekly D Day Club which is a social club for people aged over 50.

7. Other trading activities

	Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
	£	£	£	£
Activities to raise funds	–	–	6,801	6,801
	----	----	-------	-------

8. Investment income

	Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
	£	£	£	£
Bank interest receivable	325	325	267	267
	----	----	----	----

9. Costs of raising donations and legacies

	Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
	£	£	£	£
Salaries	16,661	16,661	18,051	18,051
Other fundraising costs	180	180	–	–
	--------	--------	--------	--------
	16,841	16,841	18,051	18,051
	--------	--------	--------	--------

10. Costs of other trading activities

	Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
	£	£	£	£
Other fundraising activities	–	–	861	861
	----	----	----	----

11. Expenditure on charitable activities by fund type

	Unrestricted Funds	Restricted Funds	Total Funds 2025
	£	£	£
Staff salaries	–	70,113	70,113
Events & activities	–	19,975	19,975
Other charitable expenditure	–	2,457	2,457
Premises	–	19,134	19,134
General office and finance staff	14,489	6,001	20,490
Website	311	–	311
Insurance	949	–	949
Communications & IT	7,984	–	7,984
General costs	5,921	–	5,921
Repairs & renewals	406	–	406
Staff travel	–	–	–
Professional fees	2,720	–	2,720
Depreciation	1,184	–	1,184
	--------	---------	---------
	33,964	117,680	151,644
	--------	---------	---------

	Unrestricted Funds	Restricted Funds	Total Funds 2024
	£	£	£
Staff salaries	39,191	27,499	66,690
Events & activities	–	12,862	12,862
Other charitable expenditure	–	2,211	2,211
Premises	19,544	–	19,544
General office and finance staff	16,827	–	16,827
Website	77	–	77
Insurance	918	–	918
Communications & IT	4,410	–	4,410
General costs	2,267	–	2,267
Repairs & renewals	547	–	547
Staff travel	426	–	426
Professional fees	2,532	–	2,532
Depreciation	821	–	821
	--------	--------	---------
	87,560	42,572	130,132
	--------	--------	---------

Of the support costs the independent examiner's remuneration for the independent examination of £2,000 (2024 - £1,920), which is included within professional fees, is the only expense which the trustees consider to be a governance cost.

12. Taxation

Lothians Veterans' Centre Limited is a registered charity and as such its activities fall within the exemptions afforded by Section 505 of the Income and Corporation Taxes Act 1988 and successor acts. Accordingly, no provision is considered necessary for taxation.

13. Net income/(expenditure)

Net income/(expenditure) is stated after charging/(crediting):

	2025	2024
	£	£
Depreciation of tangible fixed assets	1,184	821
	-------	----

14. Independent examination fees

	2025	2024
	£	£

Fees payable to the independent examiner for:

Independent examination of the financial statements	2,000	1,920
Other financial services	720	612
	-------	-------
	2,720	2,532
	-------	-------

In common with many charities of our size we use our independent examiner to assist with the preparation of the statutory financial statements. The fee for the independent examination of £2,000 (2024 - £1,920) has not been split between that which related to the preparation of the accounts and that which related to the independent examination.

15. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as follows:

	2025	2024
	£	£
Wages and salaries	101,018	95,971
Social security costs	4,037	3,494
Employer contributions to pension plans	2,209	2,103
	---------	---------
	107,264	101,568
	---------	---------

The average head count of employees during the year was 4 (2024: 4 ).

No employee received employee benefits of more than £60,000 during the year (2024: Nil).

Key Management Personnel

Remuneration to key management personnel in the year was £33,322 (2024 - £26,270).

16. Trustee remuneration and expenses

- no remuneration or other benefits from employment with the charity or a related entity were received by the trustees during the current or previous year;

- no expenses were reimbursed to the trustees in the current or previous year;

17. Tangible fixed assets

	Equipment
	£
Cost
At 1 Apr 2024	5,284
Additions	1,451
	-------
At 31 Mar 2025	6,735
	-------
Depreciation
At 1 Apr 2024	3,643
Charge for the year	1,184
	-------
At 31 Mar 2025	4,827
	-------
Carrying amount
At 31 Mar 2025	1,908
	-------
At 31 Mar 2024	1,641
	-------

18. Debtors

	2025	2024
	£	£
Prepayments and accrued income	11,309	913
Other debtors	131	265
	--------	-------
	11,440	1,178
	--------	-------

19. Creditors: amounts falling due within one year

	2025	2024
	£	£
Accruals and deferred income	2,324	2,208
Pension contributions due	746	560
Other creditors	981	926
	-------	-------
	4,051	3,694
	-------	-------

20. Pensions and other post retirement benefits

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £ 2,209 (2024: £ 2,103 ).

21. Analysis of charitable funds

Unrestricted funds

	At 1 Apr 2024	Income	Expenditure	At 31 Mar 2025
	£	£	£	£
General funds	116,411	89,933	(48,955)	157,389
Designated Funds	1,850	–	(1,850)	–
	---------	--------	--------	---------
	118,261	89,933	(50,805)	157,389
	---------	--------	--------	---------

	At 1 Apr 2023	Income	Expenditure	At 31 Mar 2024
	£	£	£	£
General funds	138,386	82,732	(104,707)	116,411
Designated Funds	–	3,615	(1,765)	1,850
	---------	--------	---------	---------
	138,386	86,347	(106,472)	118,261
	---------	--------	---------	---------

Designated Funds

This consists of a variety of donations received in the previous year for specific items of expenditure.

Restricted funds

	At 1 Apr 2024	Income	Expenditure	At 31 Mar 2025
	£	£	£	£
Other restricted	–	1,100	(1,100)	–
National Lottery	–	63,800	(47,850)	15,950
AFCFT - Female Veterans	–	39,080	(26,860)	12,220
Scottish Govt - FVWP	–	10,500	(10,500)	–
VPPP	–	6,667	(6,667)	–
Warm Hub	–	24,703	(24,703)	–
	----	---------	---------	--------
	–	145,850	(117,680)	28,170
	----	---------	---------	--------

	At 1 Apr 2023	Income	Expenditure	At 31 Mar 2024
	£	£	£	£
Other restricted	–	–	–	–
National Lottery	–	–	–	–
AFCFT - Female Veterans	–	–	–	–
Scottish Govt - FVWP	–	–	–	–
VPPP	–	20,000	(20,000)	–
Warm Hub	–	22,572	(22,572)	–
	----	--------	--------	----
	–	42,572	(42,572)	–
	----	--------	--------	----

Nature and Purpose of Major Restricted Funds

Other restricted: Funding from Age Scotland for D Day Club Christmas lunch and costs for transport for one outing between September 2024 and the end of March 2025.

National Lottery Community Fund: Lothians Veterans Centre will support veterans and family members throughout Edinburgh and the Lothians. The three-year project will address the social isolation and loneliness of veterans. The support will also tackle the financial and health inequalities they experience. LVC will provide a person-centred approach to support through our drop-in centre and external events and activities for veterans and families.

Armed Forces Covenant Fund Trust (AFCFT): This three-year project will support female veterans and their families in Edinburgh and the Lothians to overcome barriers in accessing help and support for issues including improved health and wellbeing, peer support, comradeship, and advice on matters such as employment, training, housing and benefits within a safe, protected and welcoming environment.

Scottish Govt FVWP - Scottish Government Section 10 Funding: Monthly evening drop-ins for female Veterans and female partners and wives of Veterans to provide a gateway for women in the Veterans' Community to access peer and emotional support, social events and activities, support for health and wellbeing including referrals for health issues, advice on matters such as housing; homelessness; employment; volunteering; education; benefits; debt, and other services provided by the public and third sector. Providing access to health and social care prescribing will afford women better prospects for long term, sustainable health benefits.

VPPP: this relates to a service level agreement (SLA) and is for the Veterans' Places, Pathways and People Project. As part of that project, LVC undertook to reach out to underrepresented groups within the Veterans Community such as female veterans and female partners of veterans, LGBT+ veterans and families, Commonwealth veterans and families and young male veterans. The SLA itself is with NHS Lothian who receive the funding from the Armed Forces Covenant Fund Trust and distribute it to the other partners engaged in delivering the relevant project.

Warm Hub: funding from The Scottish Government for our Warm Hub where veterans and families could access free Wi-Fi, TV, tea and coffee and where they could get hot food every day to combat the cost-of-living crisis.

22. Analysis of net assets between funds

	Unrestricted Funds	Restricted Funds	Total Funds 2025
	£	£	£
Tangible fixed assets	1,908	–	1,908
Current assets	155,481	28,170	183,651
	---------	--------	---------
Net assets	157,389	28,170	185,559
	---------	--------	---------

	Unrestricted Funds	Restricted Funds	Total Funds 2024
	£	£	£
Tangible fixed assets	1,641	–	1,641
Current assets	116,620	–	116,620
	---------	----	---------
Net assets	118,261	–	118,261
	---------	----	---------

23. Related parties

There were no transactions with related parties which require disclosure in the current or previous year.