| Page | |||||
|---|---|---|---|---|---|
| Report ofthe | Trustees | I to 6 | |||
| Independent | Fxaminer's | Rcport | |||
| Statement of | Financial | Activities | |||
| Balance Sheet | |||||
| htotes to the | Financial | Statements | !0to 16 | ||
| Detailed Statement of | Financial | Activities | 17 |
| Total | Total | ||||
|---|---|---|---|---|---|
| Funds | Funds | ||||
| 2020 | 2019 | ||||
| Notes | g | f. | |||
| INCOME FROM | |||||
| Donations and legacies |
9 | 410 | |||
| investment income |
36,275 | 56,535 | |||
| Total | 36,284 | 56,945 | |||
| EXPENDITURE | ON | ||||
| Raisitig funds | 7,623 | 7,821 | |||
| Charitable activities |
19,186 | 53,258 | |||
| Total | 26,809 | 61,079 | |||
| Net (losses)/gains | on investments | 94,257 | 160,253 | ||
| Net (expenditure)/Income | 103,732 | 156,119 | |||
| Net movement in |
funds | 103,732 | 156,1 1.9 | ||
| RECONCILIATION | OF FUNDS | ||||
| Total funds brought | forward | 1,906,117 | 1,749,998 | ||
| TOTAL FUNDS | CARRIED FORWARD | 2,009,849 | 1,906,117 |
| 2020 | 2019 | ||
|---|---|---|---|
| Notes | |||
| FIXEDASSETS | |||
| Investments | 1,964,839 | 1,870,582 | |
| CURRENT ASSETS | |||
| Cash at bank | 13 | 44,930 | 28,495 |
| Debtors | 14 | 4,790 | 1.1,058 |
| 49,720 | 39,553 | ||
| CREDITORS | |||
| Amounts faSing due within one year |
15 | (4,710) | (4,018) |
| NET CURRENT ASSETS | 45,010 | 35,535 | |
| TOTAL ASSETS LESSCURRENT | |||
| LIABILITIES | 2,009,849 | 1,906,117 | |
| NET ASSETS | 2,009,849 | 1,906,117 | |
| FUNDS | |||
| Unrestricted funds |
2,009,849 | 1,906,117 | |
| TOTAI. FUNDS | 2,009,849 | 1,906,117 |
| 2020 | 2019 | |||||||
|---|---|---|---|---|---|---|---|---|
| f | ||||||||
| Investinent | income | 36,275 | 56,535 | |||||
| 36,275 | 56,535 | |||||||
| 3.RAISING | FUNDS | |||||||
| 2020 | 2019 | |||||||
| Investment | management | fees | 7,623 | 7,821 | ||||
| 7,623 | 7,82) | |||||||
| 4.CHARITABLE ACTIVITIES | ||||||||
| Grant funding | Suppart | |||||||
| Direct | af activities | casts | ||||||
| costs f |
(see note | 5) f |
(see note 6) | Totals | ||||
| RHQ | 12,658 | 6,528 | l9,186 | |||||
| 12,658 | 6,528 | i9,186 | ||||||
| 5, GRANTS | PAYABLE | |||||||
| The total grani payable | during the year was asfollows: | |||||||
| 2020 | 2019 | |||||||
| f | f | |||||||
| Grants to individuals | 1,148 | 2,189 | ||||||
| Grants to Institutions | 500 | 1,308 | ||||||
| Grants to Banalians | I,DDD | 20,472 | ||||||
| Grant to Iceberg Fund | 10,0)D | 15,000 | ||||||
| 12,658 | 38,969 | |||||||
| 6. SUPPORT COSTS | ||||||||
| Year ended | Year ended | |||||||
| Management | Governance | 31.12,20 | 31.12,19f | |||||
| RHQ | 5,718 | 810 | 6,528 | 6,609 | ||||
| 5,718 | 810 | 6,528 | 6,609 |
| 2020 | 2019 | |||
|---|---|---|---|---|
| g | ||||
| Independent | examination | fees | 810 | 3,210 |
| Total | |||
|---|---|---|---|
| Funds | |||
| 8 | |||
| INCOME FROM | |||
| Donatinns and legacies |
410 | ||
| Investment income |
56,535 | ||
| 56,945 | |||
| EXPENDITURE | ON | ||
| Raising funds | 7,821 | ||
| Charitable activities |
53,258 | ||
| Total | 61,079 | ||
| Net gains/(losses) | on investments | 160,253 | |
| Net income/(expenditure) | 156,119 | ||
| Net movement in |
funds | 156,119 | |
| RECONCILIATION | OF FUNDS | ||
| Total funds brought | forward | 1,749,998 | |
| TOTAL FUNDS CARRIED FORWARD | 1,906,117 |
| rIXED ASSET INVESTMENTS | |
|---|---|
| Listed | |
| Investments | |
| 8 | |
| MARKET VALUE | |
| At 1st January 2020 | 1,870,582 |
| Additions | 691,864 |
| Disposals | (691,864) |
| Revaluation | 94,257 |
| At 31st December 2020 | 1,964,839 |
| NET BOOK VALUE | |
| At 31st December 2020 | 1,964,839 |
| At 31st December 2019 | 1,870,582 |
| nvestme ollows: |
nts | are he | ld in a managed portfolio by Cazenove |
. The market value ot' investments by |
|---|---|---|---|---|
| Market | ||||
| value | ||||
| Within | the | United | Kingdom | 723,150 |
| Outside | the | IJnited | Kingdom | 1,241,689 |
| 1,964,839 |
| 2020 | 2019 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| f, | f | ||||||||||
| Lioyds Account | 44,930 | 28,495 | |||||||||
| 44,930 | 28,495 | ||||||||||
| DEBTORS | |||||||||||
| 2020 | 2019 | ||||||||||
| f | |||||||||||
| Schroders accrued Income | 4,790 | 11,058 | |||||||||
| 4,790 | 11,058 | ||||||||||
| CREDITORS | : | AMOUNTS | FALLING DUE | WITHIN ONE | YEAR | ||||||
| 2020 | 2019 | ||||||||||
| Other creditors | 4,710 | 4,018 | |||||||||
| MOVEMENT | IN FUNDS | ||||||||||
| Balance at | Incoming | Resources | Investment | Balance | at | ||||||
| 01,01,20f | resources | expended | f. | gains/(losses) | f, | Transfers f, |
31.12.20 f |
||||
| Unrestricted | funds | ||||||||||
| General | 1,886,117 | 36,284 | 16,799 | 94,257 | (15,000) | 1,984,859 | |||||
| Iceberg Fund | 20,000 | 10,010 | 15,000 | 24,990 | |||||||
| TOTAL FUNDS | 1,906,117 | 36,284 | 26,809 | 94,257 | 2,009,849 | ||||||
| Camparatives | far movemeat | in funds | |||||||||
| Balance at 01,01.19 |
Incoming resources f |
Resources expended f |
Investment gains/(losses) |
f | Transfers f |
Balance at 31.12.19 |
|||||
| Unrestricted | funds | ||||||||||
| General | 1,724,998 | 56,945 | 46,079 | 160,253 | (10,000) | 1,886, | 11.7 | ||||
| Iceberg Fund | 25,000 | 15,000 | 10,000 | 20,000 | |||||||
| TOTAL FUNDS | 1,749,998 | 56,945 | 61,079 | 160,253 | 1,906, | 117 |
| A current ye | ar 12months | and prior year 12 m | ouths combin |
ed position is |
as foBowst | |||
|---|---|---|---|---|---|---|---|---|
| Balance at | incoming | Resources | Investment | Balance at | ||||
| 01.01.19 | resources | espeaded f |
gains/(losses) | f | Transfers f. |
3L12.20 | ||
| Unrestricted | funds | |||||||
| General | 1,724,998 | 93,229 | 62,878 | 254,510 | (25,000) | 1,984,859 | ||
| Iceberg Fund | 25,000 | 25,010 | 25,000 | 24,990 | ||||
| TOTAL FUNDS | 1,749,998 | 93,229 | 87,888 | 254,510 | 2,009,849 |
| Total | Total | ||||
|---|---|---|---|---|---|
| Funds | Funds | ||||
| 2020 | 2019f | ||||
| INCOME FROM | |||||
| Donations and legacies |
|||||
| Donations | 410 | ||||
| 410 | |||||
| Investment income |
|||||
| Investment income |
36,275 | 56,535 | |||
| 36,275 | 56,535 | ||||
| Total | 36,284 | 56,945 | |||
| EXPENDITURE | ON | ||||
| Raising funds | |||||
| Investment management |
fee | 7,623 | 7,821 | ||
| 7,623 | 7,821 | ||||
| Charitable activities |
|||||
| Officer events | 7,680 | ||||
| Grants to individuals | 1,148 | 2,189 | |||
| Grants to institutions | 500 | 1,308 | |||
| Grants to Battalions | 1,000 | 20,472 | |||
| Grant to Iceberg Fund | I Rifles awards event) | 10,010 | 15,000 | ||
| 12,658 | 46,649 | ||||
| Support costs | |||||
| Staffhonorarium | 1,500 | 1,500 | |||
| Independent examination |
fees | 810 | 3,210 | ||
| Officer recruiting | 1,129 | 1,899 | |||
| Officer Uniform | 1,520 | ||||
| Misc costs and presentations | 1,569 | ||||
| 6,528 | 6,609 | ||||
| Total | 26,809 | 61,079 | |||
| Net (losses)/gains | on investments | 94,257 | 160,253 | ||
| Net (expenditure)/income | 103,732 | 156,119 |