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2021-05-31-accounts

AT31MAY 2	021
				2021			2020
			General/			General	Designated
		Note	Restricted	Designated	Total			Total
			E	E	E			E
FIXED ASSETS
Investments				4,098,945	4,098,945		3,634,306	3,634,306
CURRENT ASSETS
Balances at bank			16,160		16,160	13,489		13,489
Debtors
interfund balances						10,000	(10,000)
			16,160		16,160	23,489	(10,000)	13,489
CURRENT LIABILITIES
Creditors due within one
year			1,200		1,200	4,080		4,080
			14,960		14,960	19,409	(10,000)	9,409
NET ASSETS			14,960	4,099,945	4,113,905	19,409	3,624.306	3,643,715
Representing:
Funds brought	forward		19,409	3,624,306	3,643,715	24,866	3,551,467	3,576,333
Net movement	in funds		(4,429)	474,619	470,190	(5,457)	72,839	67,382
Funds carried forward			14,980	4,098,925	4,113,905	19,409	3,624,306	3,643,715
General reserve			4,797			8,786
Restricted reserve			10,183			10,623
			14,980			19,409

R THE YEAR END	ED 31M	AY 202	1
				2021			2020
			General/
			Restricted	Designated	Total	General	Designated	Total
		Note	f	E	E
Incoming resources
investment income		4	46,348		46,348	43,664		43,664
Allocated investment
returns		5	7,500	(7,500)		71,250	(71,250)
Total incoming resources			53,848	(7,500)	46,348	114,914	(71,250)	43,664
Resources expended
Cost ofgenerating	funds
Fund managers' fees				9,168	9,168		7,843	7,843
Charitable activities
Grants			3,311		3,311	85,782		85,782
Administration
Governance
Independent examination
fees			1,200		1,200	4,212		4,212
Management ond
admi nistrati on
Treasurer's fees			8,138	4,070	12,208	8,138	4,06	12,207
Miscellaneous expenses			20		20	276		276
Total resources expended			12,669	13,238	25,907	98,408	11,912	110,320
Net incoming/(outgoing)
resources
before transfers			41,179	(20,738)	20,441	16,506	(83,162)	(66,656)
Transfer between	funds	12	(45,608)	45,608		(21,963)	21,963
Net incoming/(outgoing)
resources before
investment gains			(4,429)	24,870	20,441	(5,457)	(61,199)	(66,656)
Gains on investment
assets				449,749	449,749		134,038	134,038
NET MOVEMENT	IN
FUNDS			(4,429)	474,619	470,190	(5,457)	72,839	67,382
Balances brought	forward
at 1June 2020			19,409	3,624,306	3,643,715	24,866	3,551,467	3,576,333
BALANCES CARRIED
FORWARD
AT 31MAY 2021			14,980	4,098,925	4,113,905	19,409	3,624,306	3,643,715
General reserve			4,797			8,786
Restricted reserve		9	10,183			10,623
			14,980			19,409

	2021	2020
	E	E
Market value at 1June 2020	3,634,306	3,551,467
Acquisitions	940,024	585,687
Disposals	(843,172)	(768,301)
Net unrealised gains/(losses)	367,787	265,453
Market Value at 31May 2021	4,098,945	3,634,306
Cost at 31 May 2021	3,199,042	3,177,606

			2021		2020
			E		E
GAM Star Composite		Global Equity	496,924	129o	359,765	11%
iShares Core S&P	500	UCITS ETF	435,460	119o	405,037	12%
UBS ETF 5&P 500	ESG	UCITS	404,411	109o	224,622	79o
Charities Property	Fund		372,480	99(	378,750	129o
GAM Star Tactical	Opportunities		241,280	69o	218,409	79o
iShares GBP Ultrashort		Bond UCITS ETF	240,197	69o	197,814	69o

			2021	2020
			E	E
Accruals —Independent	Examination		1,200
—Audit				4,080
			1,200	4,080
INVESTMENT AND OTHER	INCOME
			2021	2020
			E	E
Dividends —Charities Property		Fund	14,788	15,731
Dividends —GAM funds,	reinvested		31,558	27,893
Bank and fund manager	interest		2	40
			46,348	43,664

				2021	2020
				E	E
General sports				3,460	48,740
Winter sports					33,007
Adventurous	training			4,470	9,835
Welfare and	other			1,000	760
				8,930	92,342
Less: Grants refunded				(4,269)	(2,120)
Less: Old outstanding		cheques written	back	(1,350)	(4,440)
				3,311	85,782

1Fusiliers		Exs Lonely	Rocker	and Fatigued	Fusilier	800
MAB7		Ex Utah Pegasus				375
26 Fd Regt RA		Cross Channel Swim				500
2 Scots		Ex Surfing	Fusilier			500
3 Para		Motorcycle	Enduro			285
Scots DG		Ex Winter	Eagle			1,000
						3,460
Adventurous	training
BATUS		ExTiger Medicine		Yeti 2021		3,770
22 Sig Regt		Ex Dragon	Turkish	Ascent		700
						4,470