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|---|---|---|---|
|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|
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|||||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|
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|||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|
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||||||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|
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|2021|2020|
|---|---|
|3,210|810|
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||||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|
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|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|
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|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||
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|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|
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|||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|