## ## ||||Page|| |---|---|---|---|---| |Report ofthe Trustees||1|to|4| |Report ofthe Independent|Auditors|5lo7||| |Statement ofFinancial Activities||||| |Balance Sheet||||| |Notes to the Financial Statements||10 lo||18| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||31.3.21|31.3.20| |---|---|---|---|---|---| |||||Unrestricted|Total| ||||Notes|fund
f|funds
E| |INCOME AND ENDOWMENTS||FROM|||| |Charitable
activities|||||| |Globe and Laurel magazines||||132,239|134,564| |Other trading activities||||11,028|20,310| |Investment
income||||7,062|9,145| |Total||||150,329|164,019| |EXPENDITURE ON|||||| |Charitable
activities|||||| |Globe and Laurel magazines||||111,597|178,841| |Net gains/(losses)
on|investments|||33,189|(33,275)| |NET INCOME/(EXPENDITURE)||||71,921|(48,097)| |RECONCILIATION
OF FUNDS|||||| |Total funds brought|forward|||332,174|380,271| |TOTAL FUNDS CARRIED FORWARD||||404,095|332,174| ## ## ||BALANCE SHEET
31 MARCH 2021||| |---|---|---|---| |||31.3.21|31.3.20| |||Total|Total| |||funds|funds| ||Notes|8|E| |FIXEDASSETS|||| |Tangible assets|12|328|593| |Investments|13|250,995|217,806| |||251,323|218,399| |CURRENT ASSETS|||| |Debtors|14|4,828|9,248| |Cash at bank||177,584|136,689| |||182,412|145,937| |CREDITORS|||| |Amounts
falling due within one year|15|(29,640)|(32,162)| |NET CURRENT ASSETS||152,772|113,775| |TOTAL ASSETSLESSCURRENT|||| |LIABILITIES||404,095|332,174| |NET ASSETS||404,095|332,174| |FUNDS|16||| |Unrestricted
funds||404,095|332,174| |TOTAL FUNDS||404,095|332,174| ## ## ## ## ## ## ## ## ## ## ## ## ## ## |OTHER TRADING ACTIVITIES|OTHER TRADING ACTIVITIES||| |---|---|---|---| |||31.3.21|31.3.20| |||6|6| |Advertising
in magazine||11,028|20,310| |INVESTMENT INCOME|||| |||31.3.21
f|31.3.20| |Listed investment|income|7,062|9,145| |INCOME FROM CHARITABLE ACTIVITIES|||| |||31.3.21|31.3.20| ||Activity|6|6| |Magazine sales|Globe and Laurel magazines|126,989|130,234| |App income|Globe and Laurel magazines|5,250|4,330| |||132,239|134,564| ## ## ## ||||||||Grant|||| |---|---|---|---|---|---|---|---|---|---|---| ||||||||funding|of||| |||||||Direct|activities||Support|| |||||||Costs (see|(see note||costs (see|| |||||||note 6)
6|7)
6||note 8)
6|Totals
f| ||Globe and|Laurel|magazines|||53,439|27,000||31,158|111,597| |6.|DIRECT COSTS||OF CHARITABLE ACTIVITIES|||||||| ||||||||||31.3.21|31.3.20| ||||||||||6|6| ||Magazine|printing|and|postage|||||52,809|66,601| ||Presentation
magazines||||||||630|625| ||||||||||53,439|67,226| |7.|GRANTS|PAYABLE||||||||| ||||||||||31.3.21
f|31.3.20
f| ||Globe and|Laurel|magazines||||||27,000|80,000| ||1he total grants paid to|||institutions||during the year was as|follows:|||| ||||||||||31.3.21|31.3.20| ||||||||||f|| ||RMA - The Royal||Marines Charity||||||27,000|80,000| |8,|SUPPORT COSTS|||||||||| ||||||||||Governance|| ||||||||Management
6||costs|Totals
f| ||Globe and|Laurel|magazines||||27,733||3,425|31,158| ||Support costs, included|||in the|above, are as follows;|||||| ||Management|||||||||| ||||||||||31.3.21|31.3.20| ||||||||||Globe and|| ||||||||||Laurel|Total| ||||||||||magazines
f|activities
f| ||Wages||||||||20,772|20,291| ||Pensions||||||||1,454|1,243| ||Insurance||||||||310|372| ||Card processing||fees||||||199|720| ||Stationery|and miscellaneous|||expenses||||388|1,118| ||Computer|expenses|||||||4,225|2,137| ||Legal and|professional||fees||||||3,000| ||Depreciation
of tangible|||assets|||||385|859| ||||||||||27,733|29,740| ## ## |||||31.3.21|31.3.20| |---|---|---|---|---|---| |||||Globe and|| |||||Laurel|Total| |||||magazines|activities| |||||8|E| |Auditors'|remuneration|||3,500|| |Independent||examiners|fee|(75)|1,875| |||||3,425|1,875| ## ## ## ## ## |STAFF COSTS|||||||| |---|---|---|---|---|---|---|---| |||||||31.3.21|31.3.20| |||||||8|| |Wages and salaries||||||20,772|20,291| |Other pension costs||||||1,454|1,243| |||||||22,226|21,534| |The average
monthly|number of|employees||during|the year was as follows:||| |||||||31.3.21|31.3.20| |Support staff||||||2|2| |No employees
received emoluments|||in excess off60,000.||||| |COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES|||||||| ||||||||Unrestricted| ||||||||fund| ||||||||8| |INCOME AND ENDOWMENTS||FROM|||||| |Charitable
activities|||||||| |Globe and Laurel magazines|||||||134,564| |Other trading
activities|||||||20,310| |Investment
income|||||||9,145| |Total|||||||164,019| |EXPENDITURE ON|||||||| |Charitable
activities|||||||| |Globe and Laurel magazines|||||||178,841| |Net gains/(losses)
on|investments||||||(33,275)| |||||Page 13|||continued. ..| |11.|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued|| |---|---|---|---|---| |||||Unrestricted| |||||fund| |||||6| ||NET INCOME/(EXPENDITURE)|||(48,097)| ||RECONCILIATION|OF FUNDS||| ||Total funds brought|forward||380,271| ||TOTAL FUNDS CARRIED FORWARD|||332,174| |12.|TANGIBLE FIXEDASSETS|||| |||||Computer| |||||equipment| |||||6| ||COST|||| ||At 1 April 2020|||12,067| ||Additions|||120| ||At 31 March 2021|||12,187| ||DEPRECIATION|||| ||At 1 April 2020|||11,474| ||Charge for year|||385| ||At 31 March 2021|||11,859| ||NET BOOK VALUE|||| ||At 31 March 2021|||328| ||At 31 March 2020|||593| |13.|FIXEDASSET INVESTMENTS|||| |||||Listed| |||||investments| |||||f| ||MARKET VALUE|||| ||At 1 April 2020|||217,806| ||Revaluations|||33,189| ||At 31 March 2021|||250,995| ||NET BOOK VALUE|||| ||At 31 March 2021|||250,995| ||At 31 March 2020|||217,806| ||There were 8137,147(31.3.20:676,581)investment||assets held outside the UK.|| ## ## ## ## ## ## |DEBTO|RS:AM|O|U|NTS
FALL|ING DUE|WITHIN ONE Y|EAR|||| |---|---|---|---|---|---|---|---|---|---|---| ||||||||||31.3.21|31.3.20| ||||||||||6|6| |Trade debtors|||||||||696|3,863| |Other debtors|||||||||3,649|5,216| |VAT|||||||||483|169| ||||||||||4,828|9,248| |CREDITORS: AMOUNTS
FALLING DUE WITHIN ONE|||||||YEAR|||| ||||||||||31.3.21
8|31.3.20
f| |Trade creditors|||||||||266|570| |Social security and||||other taxes|||||18|30| |Accrued|expenses||||||||3,498|1,900| |Deferred|income||(see below)||||||25,858|29,662| ||||||||||29,640|32,162| |Deferred|income|||||||||| |Deferred|income||comprises||magazine|subscriptions|received|for issues|which
will be|published| |future financial||periods.||||||||| ||||||||||2021|2020| ||||||||||6|6| |Balance|brought||forward||||||29,662|28,174| |Amount|release|to||incoming resources|||||(29,662)|(28,174)| |Amount|deferred||in|the year|||||25,858|29,662| |Balance|carried|forward|||||||25,858|29,662| ## ## |MOVEMENT|IN FUNDS|||| |---|---|---|---|---| ||||Net|| ||||movement|At| |||At 1.4,20
6|in funds
f|31.3.21
6| |Unrestricted|funds|||| |General fund||332,174|71,921|404,095| |TOTAL FUNDS||332,174|71,921|404,095| |Net mov|ement|in fu|nds, include|d|in the abo|ve are as follows|:||| |---|---|---|---|---|---|---|---|---|---| |||||||Incoming|Resources|Gains and|Movement| |||||||resources
6|expended
f|losses
6|in funds
6| |Unrestricted||funds|||||||| |General|fund|||||150,329|(111,597)|33,189|71,921| |TOTAL|FUNDS|||||150,329|(111,597)|33,189|71,921| |Comparatives||for|movement|in|funds||||| |||||||||Net|| |||||||||movement|At| ||||||||At 1.4.19|in funds|31.3.20| ||||||||6|6|6| |Unrestricted||funds|||||||| |General|fund||||||380,271|(48,097)|332,174| |TOTAL|FUNDS||||||380,271|(48,097)|332,174| |Compara|tive|net movement
in fun|ds, included
in the above|are as follows:||| |---|---|---|---|---|---|---| ||||Incoming|Resources|Gains and|Movement| ||||resources
E|expended
8|losses
f|in funds
6| |Unrestricted||funds||||| |General|fund||164,019|(178,841)|(33,275)|(48,097)| |TOTAL|FUNDS||164,019|(178,841)|(33,275)|(48,097)| ## ## ## ## ## ## ## ## ## ##