| Page | |||||
|---|---|---|---|---|---|
| Report ofthe Trustees | 1 | to | 5 | ||
| Indepeadent Examiner's |
Report | ||||
| Statement ofFinancial | Activities | ||||
| Balance Sheet | |||||
| Notes to the Financial | Statements | 9 | to | 20 |
| 2021 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | General | Restricted | Total | Total | ||||
| funds | fund | fund | funds | funds | ||||
| Notes | f | f, | ||||||
| INCOME AND ENDOWMENTS | ||||||||
| FROM | ||||||||
| Donations and legacies |
3 | 34,500 | 85,381 | 119,881 | 144,762 | |||
| Other trading activities Investment income |
4 5 |
22 ~10886 |
18,482 | 781 | 22 30,149 |
12,800 38,863 |
||
| Total | 45,408 | 103,863 | 781 | 150,052 | 196,425 | |||
| EXPENDITURE | ON | |||||||
| Raising funds | 2,159 | 5,135 | 161 | 7,455 | 16,958 | |||
| Charitable activities |
||||||||
| General | 13,545 | 103,863 | 811 | 118,219 | 140,104 | |||
| Total | 15,704 | 108,998 | 972 | 125,674 | 157,062 | |||
| Net gains/(losses) | on investments | ~61 465 | 147,541 | 4,636 | 213,642 | 118488 | ||
| NET | ||||||||
| INCOME/(EXPENDITURE) | 91,169 | 142,406 | 4,445 | 238,020 | (79,125) | |||
| RECONCILIATION | OF FUNDS | |||||||
| Total funds brought | forward | 697,912 | 614,141 | 27,625 | 1,339,678 | 1,418,803 | ||
| TOTAL FUNDS | CARRIED | |||||||
| FORWARD | ~789 081 | 756,547 | 32,070 | ~1577698 | 1,339678 |
| 2021 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | General | Restricted | Total | Total | ||||
| funds | fund | fund | funds | funds | ||||
| Notes | f, | |||||||
| FIXEDASSETS | ||||||||
| Investments | 12 | 521,302 | 754,698 | 30,327 | 1,306,327 | 1,044,538 | ||
| CURRENT | ASSETS | |||||||
| Stocks | 13 | 227 | 227 | 227 | ||||
| Debtors | 14 | 2,614 | 14,510 | 8 | 17,132 | 41,869 | ||
| Investments | 15 | 57,459 | 30,702 | 2,159 | 90,320 | 181,019 | ||
| Cash at bank | and in hand | 16 | 207,706 | 20,100 | 387 | 228,193 | 136,127 | |
| 267,779 | 65,539 | 2,554 | 335,872 | 359,242 | ||||
| CREDITORS | ||||||||
| Amounts falling due within one |
||||||||
| year | 17 | (63,690) | (811) | (64,501) | (64,102) | |||
| NET CURRENT ASSETS | 267,779 | 1,849 | 1,743 | 271,371 | 295,140 | |||
| TOTAL ASSETSLESS | ||||||||
| CURRENT | LIABILITIES | 789,081 | 756,547 | 32,070 | 1,577,698 | 1,339,678 | ||
| NET ASSETS | 789,081 | 756,547 | 32,070 | 1,577,698 | 1,339,678 | |||
| FUNDS | 18 | |||||||
| Unrestricted | funds | 1,545,628 | 1,312,053 | |||||
| Restricted funds | 32,070 | 27,625 | ||||||
| TOTAL FUNDS | 1,577,698 | 1,339,678 | ||||||
| The financial | statements | were approved | by the Board ofTrustees | and authorised | for issue on ............5... ../L ..Zj.......and were |
| DONATIONS AND LEGACIES |
||
|---|---|---|
| 2021 | 2020 | |
| Donations | 376 | 633 |
| Grants receivable | 34,500 | 59,107 |
| Officer and soldier payscheme | 85,005 | ~85 022 |
| 119S81 | 144,762 |
| Grants receivable | 2021 | 2020 | |
|---|---|---|---|
| Picture Fund Grant | 2,000 | 2,000 | |
| Officers' Dinner Fund Grant | 2,500 | 3,000 | |
| RTR Events Fund Grant | 13,000 | 17,000 | |
| Cambrai Fund Grant |
17,000 | 25,000 | |
| RTR Benevolent Fund 3i contribution |
12,107 | ||
| 34.500 | 29 000 | ||
| Officers and soldiers pay scheme | 2021 | 2020 | |
| Officers' I '/2 days pay scheme |
35,384 | 37,414 | |
| SNCOs' I YQ days pay scheme |
20,885 | 19,340 | |
| Soldiers' I days pay scheme |
28 736 | 28,268 | |
| 85 005 | 86,668 | ||
| 4. | OTHER TRADING ACTIVITIES | ||
| 2021 | 2020 | ||
| Functions income |
22 | 12,800 | |
| 5. | INVKSTMKNT INCOME | ||
| 2021 | 2020 | ||
| Investment income |
29,422 | 36,554 | |
| Deposit account interest | 727 | 1,206 | |
| Other portfolio interest |
1,103 | ||
| 30,149 | 38,863 |
| Other trading activities |
Other trading activities |
|||||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| f. | ||||||
| Opening stock |
227 | 227 | ||||
| Event Expenditure | 20 | 9,908 | ||||
| Closing stock | ~227) | ~227) | ||||
| 20 | 9,908 | |||||
| Investment management |
costs | |||||
| 2021 | 2020 | |||||
| Support costs | 7,435 | 7,050 | ||||
| Aggregate amounts |
7,455 | 16,958 | ||||
| GRANTS PAYABLE | ||||||
| 2021 | 2020 | |||||
| f, | ||||||
| General | 86,840 | 81,424 | ||||
| The total grants paid to institutions | during the year was as follows: | |||||
| 2021 | 2020 | |||||
| ABFThe Soldiers' | Charity | 500 | 500 | |||
| RTR Benevolent Fund |
1,000 | 1,000 | ||||
| RTR Museum | 3,000 | 3,000 | ||||
| lronsides Golf | 500 | 500 | ||||
| Regimental Upkeep/Mess |
15,832 | 15,916 | ||||
| H Cav/RAC Central |
Fund | 600 | 600 | |||
| Sporting Excellence | 8,348 | 5,811 | ||||
| Grant to Regiment | 33,392 | 23,245 | ||||
| Excellence &Regiment | additional | 18/19grants not included | in creditor b/f | 7,308 | ||
| 63,172 | ~57 880 |
| Management | Other | Totals | |||
|---|---|---|---|---|---|
| Investment | management | costs | 7,435 | 7,435 | |
| General | ~17 481 | 17,481 | |||
| 17,481 | 7,435 | 24,916 |
| Support costs, | included in the above, a |
re as follows: | |||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Investment | |||||
| management | Total | Total | |||
| costs | General | activities | activities | ||
| 8 | |||||
| Wages | 4,085 | 4,085 | 3,599 | ||
| Pensions | 252 | 252 | 245 | ||
| Administration | costs | 9,405 | 9,405 | 20,537 | |
| Contingency | fund | 3,739 | 3,739 | 5,048 | |
| Portfolio fees | 7,435 | 7,435 | 7,050 | ||
| 7,435 | 17,481 | 24,916 | 36,479 |
| STAFFCOSTS | ||||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Wages and salaries | 4,085 | 3,599 | ||
| Other pension costs | 252 | 245 | ||
| 4,337 | 3,844 | |||
| Wages and salaries above include other staff bonuses off378 in the year. | ||||
| The average monthly | number ofemployees | during the year was as follows: | ||
| 2021 | 2020 | |||
| Staff | I | I |
| Notes to the Financial Statements - continued for the Year Ended 31March 2021 |
Notes to the Financial Statements - continued for the Year Ended 31March 2021 |
Notes to the Financial Statements - continued for the Year Ended 31March 2021 |
Notes to the Financial Statements - continued for the Year Ended 31March 2021 |
||
|---|---|---|---|---|---|
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTMTIES | |||||
| Unrestricted | General | Restricted | Total | ||
| funds | fund | fund | funds | ||
| INCOME AND ENDOWMENTS | FROM | ||||
| Donations and legacies |
59,107 | 85,655 | 144,762 | ||
| Other trading activities Investment income |
13,892 | 12,800 23,977 |
994 | 12,800 ~38 863 |
|
| Total | 72,999 | 122,432 | 994 | 196,425 | |
| EXPENDITURE ON | |||||
| Raising funds | 11,518 | 5,287 | 153 | 16,958 | |
| Charitable activities |
|||||
| General | 10,574 | 128,560 | 970 | 140,104 | |
| Total | 22,092 | 133,847 | 1,123 | 157,062 | |
| Net gains/(losses) on investments |
~34,089) | ~81,828) | ~2,571) | ~118,488) | |
| NKT INCOME/(EXPENDITURE) | 16,818 | (93,243) | (2,700) | (79,125) | |
| Transfers between funds |
2,453 | ||||
| Net movement in funds |
19,271 | (95,696) | (2,700) | (79,125) | |
| RECONCILIATION OF FUNDS |
|||||
| Total funds brought forward |
678,642 | 709,836 | 30,325 | 1,418,803 | |
| TOTAL FUNDS CARRIED FORWARD | 697,913 | 614,140 | 27,625 | 1,339,678 |
| for the Year Ended 31March | 2021 | |
|---|---|---|
| 12. | FIXED ASSET INVKSTMKNTS | |
| Listed | ||
| invesnuents | ||
| f. | ||
| MARKET VALUE | ||
| At I April 2020 | 1,044,538 | |
| Additions | 375,717 | |
| Disposals | (283,899) | |
| Revaluations | 169,971 | |
| At 31 March 2021 | ~1306,327 | |
| NET BOOK VALUE | ||
| At 31 March 2021 | ~1,306327 | |
| At 31 March 2020 | ~1,044 538 |
| STOCKS | |||
|---|---|---|---|
| 2021 | 2020 | ||
| Stocks | 227 | 227 | |
| DEBTORS: | AMOUNTS FALLING DUE WITHIN ONK YEAR | ||
| 2021 | 2020 | ||
| Other debtors | 15,243 | 38,672 | |
| Staff loans | 1,500 | 1,500 | |
| Prepayments | 61accrued income | 389 | 1,697 |
| 17,132 | 41,869 |
| CURRENT A | SSETINVESTMENTS | ||
|---|---|---|---|
| 2021 | 2020 | ||
| 35 day liquidity | account share | 30,702 | 30,603 |
| Special funds - | 35 day liquidity | 59,618 | 150,416 |
| 90320 | 883.089 |
| CASH AT | BANK AND IN HAND | ||||
|---|---|---|---|---|---|
| General | Computer | RTR Events | |||
| fund | reserve | fund | |||
| Cash in hand | 350 | ||||
| Bank current account | 13,242 | ||||
| Special funds - current | 986 | ||||
| Investment | cash on deposit account | 3,546 | 70,068 | ||
| Investment | income account | 2,962 | 75 | ||
| Computer | bank cunent account | ||||
| Total | ~20 100 | 71,129 | |||
| Picture | Cambrai | Officers' | Tom Welch | ||
| fund | fund | Dinner Fund | fund | ||
| 8 | 8 | f | |||
| Special funds - current | 50 | 457 | 500 | 4,262 | |
| Investment | cash on deposit account | 159 | 50,030 | 2,524 | |
| Investment | income account | 167 | 32 | 3 029 | |
| Total | 376 | ~50 519 | 500 | 9,815 | |
| 2021 | 2020 | ||||
| Rupert | |||||
| Brookshaw | |||||
| Sporting | Total | Total | |||
| 3i fund | Fund | funds | funds | ||
| f, | |||||
| Cash in hand | 350 | 350 | |||
| Bank current account | 13,242 | 5,771 | |||
| Special funds - current | 3,362 | 51 | 9,668 | 59,407 | |
| Investment | cash on deposit account | 72,000 | 164 | 198,491 | 62,664 |
| Investment | income account | 172 | 6,437 | 7,930 | |
| Contputer | bank current account | 5 | 5 | ||
| Total | 75,362 | 387 | 228,193 | 136,127 |
| CRED | ITORS: AMOUNTS FALLING DUE WITHI | N ONE YEAR | |
|---|---|---|---|
| 2021 | 2020 | ||
| Grants | payable | 60,883 | 60,542 |
| Other | creditors | 3,618 | 3,560 |
| 64,501 | ~64 102 |
| MOVEMENT IN | FUNDS | |||
|---|---|---|---|---|
| Net | ||||
| movement | At | |||
| At. 1.4.20 | in funds | 31.3.21 | ||
| Unrestricted funds |
||||
| General fund | 614,141 | 142,406 | 756,547 | |
| Computer reserve |
253 | 1 | 254 | |
| RTR Events fund | 68,764 | 15,065 | 83,829 | |
| Picture fund | 34,936 | 7,132 | 42,068 | |
| Cambrai fund |
63,064 | 18,104 | 81,168 | |
| Officers' Dinner Fund | 12,511 | 2,538 | 15,049 | |
| Tom Welch fund 3i fund |
442,983 ~75 401 |
48,095 234 |
491,078 75,635 |
|
| 1,312,053 | 233,575 | 1,545,628 | ||
| Restricted funds |
||||
| Rupert Brookshaw | Sporting Fund | 27,625 | 4,445 | 32,070 |
| TOTAL FUNDS | 1,339,678 | 238,020 | 1,577,698 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| Unrestricted funds |
|||||
| General fund |
103,863 | (108,998) | 147,541 | 142,406 | |
| Computer reserve |
1 | 1 | |||
| RTR Events fund | 13,437 | (274) | 1,902 | 15,065 | |
| Picture fund | 2,782 | (157) | 4,507 | 7,132 | |
| Cambrai fund |
17,320 | (28) | 812 | 18,104 | |
| Officers' Dinner Fund | 2,538 | 2,538 | |||
| Tom Welch fund | 9,096 | (15,245) | 54,244 | 48,095 | |
| 3i fund | 234 | 234 | |||
| 149,271 | (124,702) | 209,006 | 233,575 | ||
| Restricted funds |
|||||
| Rupert Brookshaw | Sporting Fund | 781 | (972) | 4,636 | 4,445 |
| TOTAL FUNDS | ~150 052 | ~125,674) | ~213 642 | ~238 020 |
| Comparatives for |
movement | in funds | ||||
|---|---|---|---|---|---|---|
| Net | Transfers | |||||
| movement | between | At | ||||
| At 1.4.19 | in funds | funds | 31.3.20 | |||
| Unrestricted funds |
||||||
| General fund |
709,836 | (93,242) | (2,453) | 614,141 | ||
| Computer reserve |
251 | 2 | 253 | |||
| RTR Events fund | 18,041 | 11,450 | 39,273 | 68,764 | ||
| Picture fund | 34,995 | 344 | (403) | 34,936 | ||
| Cambrai fund |
38,183 | 24,899 | (18) | 63,064 | ||
| Standards Parade fund |
43,644 | (4,371) | (39,273) | |||
| Officers' Dinner Fund | 12,032 | 479 | 12,511 | |||
| Tom Welch fund | 471,288 | (28,305) | 442,983 | |||
| 5RTR 3i fund |
60,208 | 102 ~12 217 |
(60,310) 63,184 |
75 401 | ||
| 1,388,478 | (76,425) | 1,312,053 | ||||
| Restricted funds |
||||||
| Rupert Brookshaw | Sporting | Fund | 30,325 | (2,700) | 27,625 | |
| TOTAL FUNDS | ~1418,803 | ~79 125) | I 339,678 | |||
| Comparative net movement |
in funds, included | in the above are as follows: | ||||
| Incoming | Resources | Gains and | Movement | |||
| resources | expended | losses | in funds | |||
| f. | ||||||
| Unrestricted funds |
||||||
| General fund | 122,432 | (133,846) | (81,828) | (93,242) | ||
| Computer reserve |
2 | 2 | ||||
| RTR Events fund | 17,533 | (6,083) | 11,450 | |||
| Picture fund | 2,993 | (149) | (2,500) | 344 | ||
| Cambrai fund |
25,376 | (27) | (450) | 24,899 | ||
| Standards Parade fund |
154 | (3,470) | (1,055) | (4,371) | ||
| Officers' Dinner Fund | 3,079 | (2,600) | 479 | |||
| Tom Welch fund | 11,543 | (9,764) | (30,084) | (28,305) | ||
| 5RTR | 102 | 102 | ||||
| 3i fund | 12,217 | 12,217 | ||||
| 195,431 | (155,939) | (115,917) | (76,425) | |||
| Restricted funds |
||||||
| Rupert Brookshaw | Sporting | Fund | 994 | (1,123) | (2,571) | (2,700) |
| TOTAL FUNDS | ~196 425 | ~157062) | ~118488) | ~79,125) |
| Net | Transfers | Transfers | ||||||
|---|---|---|---|---|---|---|---|---|
| movement | between | At | ||||||
| At 1.4.19 | in funds | funds | 31.3.21 | |||||
| f | 6 | |||||||
| Unrestricted funds |
||||||||
| General fund |
709,836 | 49,164 | (2,453) | 756,547 | ||||
| Computer reserve |
251 | 3 | 254 | |||||
| RTR Events fund | 18,041 | 26,515 | 39,273 | 83,829 | ||||
| Picture fund | 34,995 | 7,476 | (403) | 42,068 | ||||
| Cambrai fund |
38,183 | 43,003 | (18) | 81,168 | ||||
| Standards Parade fund |
43,644 | (4,371) | (39,273) | |||||
| Officers' Dinner Fund | 12,032 | 3,017 | 15,049 | |||||
| Tom Welch fund | 471,288 | 19,790 | 491,078 | |||||
| 5RTR 3i fund |
60,208 | 102 12451 |
(60,310) ~63 184 |
~75635 | ||||
| 1,388,478 | 157,150 | 1,545,628 | ||||||
| Restricted funds |
||||||||
| Rupett Brookshaw | Sporting Fund | 30,325 | 1,745 | 32,070 | ||||
| TOTAL FUNDS | I 418803 | 158895 | I 577698 | |||||
| A current year 12 months | and prior year 12months | combined net movement |
in funds, | included | in the above | are as follows | ||
| Incoming | Resources | Gains and | Movement | |||||
| resources | expended | losses | in funds | |||||
| f, | ||||||||
| Unrestricted funds |
||||||||
| General fund |
226,295 | (242,844) | 65,713 | 49,164 | ||||
| Computer reserve |
3 | 3 | ||||||
| RTR Events fund | 30,970 | (6,357) | 1,902 | 26,515 | ||||
| Picture fund | 5,775 | (306) | 2,007 | 7,476 | ||||
| Cambrai fund |
42,696 | (55) | 362 | 43,003 | ||||
| Standards Parade fund |
154 | (3,470) | (1,055) | (4,371) | ||||
| Officers' Dinner Fund | 5,617 | (2,600) | 3,017 | |||||
| Tom Welch fund | 20,639 | (25,009) | 24,160 | 19,790 | ||||
| 5RTR | 102 | 102 | ||||||
| 3i fund | 12,451 | 12,451 | ||||||
| 344,702 | (280,641) | 93,089 | 157,150 | |||||
| Restricted funds |
||||||||
| Rupert Brookshaw | Spotting Fund | 1,775 | (2,095) | 2,065 | 1,745 | |||
| TOTAL FUNDS | 346,477 | ~282,736) | 95,154 | 158895 |