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2021-03-31-accounts
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Page |
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| Report ofthe Trustees |
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1 |
to |
2 |
Independent
Examiner's |
Report |
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|
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| Statement ofFinancial Activities |
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|
|
| Balance Sheet |
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|
|
| Notes to the Financial Statements |
|
6 |
to |
10 |
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31.3.21 |
31.3.20 |
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|
|
Unrestricted |
Total |
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|
fund |
funds |
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|
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|
Notes |
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| INCOME |
AND ENDOWMENTS |
|
FROM |
|
|
|
| Donations |
and legacies |
|
|
|
14,435 |
18,970 |
| Investment |
income |
|
|
|
20,198 |
26,439 |
| Other income |
|
|
|
|
11,878 |
|
| Total |
|
|
|
|
46,511 |
45,409 |
| EXPENDITURE ON |
|
|
|
|
|
|
| Charitable |
activities |
|
|
|
|
|
| To increase |
the efficiency ofthe regiment |
|
|
|
33,905 |
41,565 |
| Other |
|
|
|
|
30,526 |
12,442 |
| Total |
|
|
|
|
64,431 |
54,007 |
Net gains/(losses)
on |
|
inveshnents |
|
|
139,196 |
(86,475) |
| NET INCOME/(EXPENDITURE) |
|
|
|
|
121,276 |
(95,073) |
| RECONCILIATION |
|
OF FUNDS |
|
|
|
|
| Total funds |
brought |
forward |
|
|
756,532 |
851,605 |
| TOTAL FUNDS CARRIED FORWARD |
|
|
|
|
877,808 |
756,532 |
|
|
Balance Sheet
31stMarch 2021 |
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|
|
|
31.3.21 |
31.3.20 |
|
|
|
Unrestricted |
Total |
|
|
|
fund |
funds |
|
|
Notes |
|
|
| FIXEDASSETS |
|
|
|
|
| Tangible assets |
|
9 |
3,500 |
3,500 |
| Investments |
|
10 |
822,971 |
680,784 |
|
|
|
826,471 |
684,284 |
| CURRENT ASSETS |
|
|
|
|
| Debtors |
|
|
6,863 |
10,831 |
| Cash at bank |
|
|
46,435 |
63,453 |
|
|
|
53,298 |
74,284 |
| CREDITORS |
|
|
|
|
Amounts
falling due within |
one year |
12 |
(1,961) |
(2,036) |
| NET CURRENT ASSETS |
|
|
51,337 |
72,248 |
| TOTAL ASSETSLESSCURRENT |
|
|
|
|
| LIABILITIES |
|
|
877,808 |
756,532 |
| NET ASSETS |
|
|
877,808 |
756,532 |
| FUNDS |
|
|
|
|
Unrestricted
funds |
|
|
877,808 |
756,532 |
| TOTAL FUNDS |
|
|
877,808 |
756,532 |
| DONATIONS |
AND LEGACIES |
|
|
|
|
31.3.21 |
31.3.20 |
| Gift aid |
|
(3,947) |
|
| Subscriptions |
- serving officers |
11,870 |
12,153 |
| Subscriptions |
-retired officers |
6,512 |
6,817 |
|
|
14,435 |
18,970 |
|
|
|
for the Year Ended 31stMarch 2021 |
|
|
| 3. |
INVESTMENT INCOME |
|
|
|
|
|
|
|
|
31.3.21 |
31.3.20 |
|
Income from listed investments |
|
|
20,198 |
26,439 |
| 4. |
OTHER INCOME |
|
|
|
|
|
|
|
|
31.3.21 |
31.3.20 |
|
Live link and Video production |
HRH Princess Royal 50th anniversary |
|
11,878 |
|
| 5. |
GRANTS PAYABLE |
|
|
|
|
|
|
|
|
31.3.21 |
31.3.20 |
|
To increase the efficiency ofthe regiment |
|
|
33,905 |
41,565 |
|
The total grants paid to institutions |
|
during the year was as follows: |
|
|
|
|
|
|
31.3.21 |
31.3.20 |
|
The Serving Regiment |
|
|
28,980 |
22,950 |
|
Regimental
Association |
|
|
4,300 |
13,990 |
|
King Edward VII's Hospital (Sister |
|
Agnes) |
25 |
25 |
|
H Cav/RAC
Corps Mess Fund |
|
|
600 |
600 |
|
Officers' Mess Refurbishment |
|
|
|
4,000 |
|
|
|
|
33,905 |
41,565 |
| 6. |
SUPPORT COSTS |
|
|
|
|
|
|
|
|
Governance |
|
|
|
|
Management |
costs |
Totals |
|
Other resources expended |
|
30,106 |
420 |
30,526 |
|
Support costs, included
in the above, are as follows: |
|
|
|
|
|
Management |
|
|
|
|
|
|
|
|
31.3,21 |
31.3.20 |
|
|
|
|
Other |
|
|
|
|
|
resources |
Total |
|
|
|
|
expended |
activities |
|
Wages |
|
|
7,757 |
|
|
Insurance |
|
|
4,059 |
4,059 |
|
Trustees' meeting expenses |
|
|
|
509 |
|
Sundries |
|
|
171 |
126 |
|
Colonel ofThe Regiment |
|
|
193 |
806 |
|
Live link and Video production |
HRH |
|
|
|
|
Princess Royal 50th anniversary |
|
|
11,878 |
|
|
Investec management
charges |
|
|
6,048 |
6,522 |
|
|
|
|
30,106 |
12,022 |
| 31.3.21 |
31.3.20 |
| Other |
|
| resources |
Total |
| expended |
activities |
| 420 |
420 |
|
|
|
31.3.21 |
31.3.20 |
| Management |
and support |
|
1 |
|
| No employees |
received emoluments |
in excess off60,000. |
|
|
| TANGIBLE FIXEDASSETS |
|
|
Fixtures |
|
and |
|
fittings |
| COST |
|
| At 1st April 2020 and 31stMarch 2021 |
3,500 |
| NET BOOK VALUE |
|
| At 31stMarch 2021 |
3,500 |
| At 31stMarch 2020 |
3,500 |
| FIXED ASSETINVESTMENTS |
|
|
Listed |
|
investments |
| MARKET VALUE |
|
| At 1st April 2020 |
680,784 |
| Purchases |
201,348 |
| Disposals |
(179,432) |
| Revaluations |
120,271 |
| At 31stMarch 2021 |
822,971 |
| NET BOOK VALUE |
|
| At 31stMarch 2021 |
822,971 |
| At 31stMarch 2020 |
680,784 |
|
2021 |
2020 |
| Historic cost |
682,376 |
658,871 |
| Revaluation |
140,595 |
21,913 |
|
822,972 |
680,784 |
| DEBTORS |
:AM |
OUNTS |
FALLING DUE WITHIN ONE |
YEAR |
|
|
|
|
|
31.3.21 |
31.3.20 |
| Tax |
|
|
|
|
3,947 |
| Prepayments |
and |
accrued |
income |
6,863 |
6,884 |
|
|
|
|
6,863 |
10,831 |