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|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|
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|||||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|
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||||||||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|
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||||2020|2019|
|---|---|---|---|---|
|||||g|
|Independent|examination|fees|810|3,210|
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||||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|
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|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|
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||||||||||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|
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|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|
##
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|||||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|