| Page | |||
|---|---|---|---|
| Report ofthe Trustees | lto6 | ||
| Independent Examiner's |
Report | ||
| Statement ofFinancial | Activities | ||
| Balance Sheet | |||
| Notes to the Financial | Statements | 10to 16 | |
| Detailed Statement of | Financial Activities | 17 |
| Total | Total | ||||
|---|---|---|---|---|---|
| Funds | Funds | ||||
| 2021 | 2020 | ||||
| Notes | |||||
| INCOME FROM | |||||
| Donations and legacies |
11 | 9 | |||
| investment income |
29,130 | 36,275 | |||
| Total | 29,141 | 36,284 | |||
| EXPENDITURE | ON | ||||
| Raising funds | 8,526 | 7,623 | |||
| Charitable activities |
25,597 | 19,186 | |||
| Total | 34,123 | 26,809 | |||
| Net (losses)/gains | on investments | 174,452 | 94,257 | ||
| Net (expenditure)/income | 169,470 | 103,732 | |||
| Net movement in |
funds | 169,470 | 103,732 | ||
| RECONCILIATION | OF FUNDS | ||||
| Total funds brought | forward | 2,009,849 | 1,906,117 | ||
| TOTAL FUNDS | CARRIED FORWARD | 2,179,319 | 2,009,849 |
| 2021 | 2020 | ||
|---|---|---|---|
| Notes | g | g | |
| FIXEDASSETS | |||
| Investments | 2,139,291 | 1,964,839 | |
| CURRENT ASSETS | |||
| Cash at bank | 13 | 39,924 | 44,930 |
| Debtors | 14 | 3,314 | 4,790 |
| 43,238 | 49,720 | ||
| CREDITORS | |||
| Amounts falling due within one year |
15 | (3,210) | (4,710) |
| NET CURRENT ASSETS | 40,028 | 45,010 | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 2,179,319 | 2,009,849 | |
| NET ASSETS | 2,179,319 | 2,009,849 | |
| FUNDS | |||
| Unrestricted funds |
16 | 2,179,319 | 2,009,849 |
| TOTAL FUNDS | 2,179,319 | 2,009,849 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Investment | income | 29,130 | 36,275 | |||
| 29,130 | 36,275 | |||||
| 3.RAISING FUNDS | ||||||
| 2021 | 2020 | |||||
| Investment | management | fees | 8,526 | 7,623 | ||
| 8,526 | 7,623 | |||||
| 4.CHARITABLE ACTIVITIES | ||||||
| Grant funding | Support | |||||
| Direct | ofactivities | costs | ||||
| costs | (see note 5) | (see note 6) | Totals | |||
| g | ||||||
| RHQ | 18,605 | 6,992 | 25,597 | |||
| 18,605 | 6,992 | 25,597 | ||||
| 5. GRANTS | PAYABLK | |||||
| The total grant payable during the year was as follows: | ||||||
| 2021 | 2020 | |||||
| 8 | ||||||
| Grants to individuals | 3,105 | 1,148 | ||||
| Grants to Institutions | 500 | 500 | ||||
| Grants to Battalions | 1,000 | |||||
| Grant to Iceberg Fund | 15,000 | 10,010 | ||||
| 18,605 | 12,658 | |||||
| 6. SUPPORT COSTS | ||||||
| Year ended | Year ended | |||||
| Management | Governance | 31.12.21 | 31.12.20 | |||
| 3,782 | 3,210 | 6,992 | 6,528 | |||
| 3,782 | 3,210 | 6,992 | 6,528 |
| 2021 | 2020 |
|---|---|
| 3,210 | 810 |
| Total | |||
|---|---|---|---|
| Funds | |||
| INCOME FROM | |||
| Donations and legacies |
9 | ||
| Investment income |
36,275 | ||
| Total | 36,284 | ||
| EXPENDITURE | ON | ||
| Raising funds | 7,623 | ||
| Charitable activities |
19,186 | ||
| Total | 26,809 | ||
| Net gains/(losses) | on investments | 94,257 | |
| Net income/(expenditure) | 103,732 | ||
| Net movement in |
funds | 103,732 | |
| RECONCILIATION | OFFUNDS | ||
| Total funds brought | forward | 1,906,117 | |
| TOTAL FUNDS | CARRIED FORWARD | 2,009,849 |
| IXEDASSETINVESTMENTS | |
|---|---|
| Listed | |
| Investments | |
| MARKET VALUE | |
| At 1stJanuary 2021 | 1,964,839 |
| Additions | 628,949 |
| iyisposals | (628,949) |
| Revaluation | 174,452 |
| At 31stDecember 2021 | 2,139,291 |
| NET BOOKVALUE | |
| At 31stDecember 2021 | 2,139,291 |
| At 31stDecember 2020 | 1,964,839 |
| nvestme ollows: |
nts | are he | ld in a managed portfolio by Cazenove |
. The market value of investments by |
|---|---|---|---|---|
| Market | ||||
| value | ||||
| Within | the | United | Kingdom | 662,973 |
| Outside | the | United | Kingdom | 1,476,318 |
| 2,139,291 |
| CASH AT BA | N | K | |||||||
|---|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||||
| 8 | |||||||||
| Lloyds Account | 39,924 | 44,930 | |||||||
| 39,924 | 44,930 | ||||||||
| DEBTORS | |||||||||
| 2021 | 2020 | ||||||||
| Schroders accrued income | 3,314 | 4,790 | |||||||
| 3,314 | 4,790 | ||||||||
| CREDITORS | : | AMOUNTS | FALLING DUE | WITHIN ONE | YEAR | ||||
| 2021 | 2020 | ||||||||
| 8 | |||||||||
| Other creditors | 3,210 | 4,710 | |||||||
| MOVEMEN | T | IN FUNDS | |||||||
| Balance at | Incoming | Resources | Investment | Balance | at | ||||
| 01.01.21 | resources | expended | gains/(losses) | Transfers | 31.12.21 | ||||
| 8 | 8 | g | |||||||
| Unrestricted | funds | ||||||||
| General | 1,984,859 | 29,141 | 19,123 | 174,452 | (15,000) | 2,154,329 | |||
| Iceberg Fund | 24,990 | 15,000 | 15,000 | 24,990 | |||||
| TOTAL FUNDS | 2,009,849 | 29,141 | 34,123 | 174,452 | 2,179,319 | ||||
| Comparatives | for movement | in funds | |||||||
| Balance at | Incoming | Resources | Investment | Balance | at | ||||
| 01.01.20 | resources | expended | gains/(losses) | Transfers | 31.12.20 | ||||
| 8 | 8 | 8 | |||||||
| 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 |
| A current ye | ar 12months | and prior year 12m | onths combin |
ed position is |
as follows: | ||
|---|---|---|---|---|---|---|---|
| Balance at | Incoming | Resources | Investment | Balance at | |||
| 01.01.20 | resources | expended | gains/(losses) | Transfers | 31.12.21 | ||
| Unrestricted | funds | ||||||
| General | 1,886,117 | 65,425 | 35,922 | 268,709 | (30,000) | 2,154,329 | |
| Iceberg Fund | 20,000 | 25,010 | 30,000 | 24,990 | |||
| TOTAL FUNDS | 1,906,117 | 65,425 | 87,888 | 268,709 | 2,179,319 |
| Total | Total | ||
|---|---|---|---|
| Funds | Funds | ||
| 2021 | 2020 | ||
| INCOME FROM | |||
| Donations and legacies |
|||
| Donations | |||
| Investment income |
|||
| Investment income |
29,130 | 36,275 | |
| 29,130 | 36,275 | ||
| Total | 29,141 | 36,284 | |
| EXPENDITURE ON | |||
| Raising funds | |||
| Investment management |
fee | 8,526 | 7,623 |
| 8,526 | 7,623 | ||
| Charitable activities |
|||
| Officer events | |||
| Grants to individuals | 3,105 | 1,148 | |
| Grants to Institutions | 500 | 500 | |
| Grants to Battalions | 1,000 | ||
| Grant to Iceberg Fund (Rifles awards event) | 15,000 | 10,010 | |
| 18,605 | 12,658 | ||
| Support costs | |||
| Staffhonorarium | 1,500 | 1,500 | |
| Independent examination |
fees | 3,210 | 810 |
| Officer recruiting | 1,833 | 1,129 | |
| Officer Uniform | 1,520 | ||
| Misc costs and presentations | 449 | 1,569 | |
| 6,992 | 6,528 | ||
| Total | 34,123 | 26,809 | |
| Net (losses)/gains on investments |
174,452 | 94,257 | |
| Net (expenditure)/income | 169,470 | 103,732 |