2022-03-31-accounts - Globe And Laurel Magazine

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			Page
Report ofthe Trustees		1	Io	4
Independent Examiner's	Report
Statement of Financial	Actlvitles
Balance Sheet
Notes to the Financial Statements		8	Io	15

	BALANCE SHEET 31 MARCH 2022
		31.3.22	31,3.21
		Total	Total
		funds	funds
	Notes	6	6
FIXEDASSETS
Tangible assets	12	7,963	328
Investments	13	260,642	250,995
		268,605	251,323
CURRENT ASSETS
Debtors	14	18,946	4,828
Cash at bank		108,622	177,584
		127,568	182,412
CREDITORS
Amounts falling due within one year	15	(31,050)	(29,640)
NET CURRENT ASSETS		96,518	152,772
TOTAL ASSETSLESSCURRENT
LIABILITIES		365,123	404,095
NET ASSETS		365,123	404,095
FUNDS	16
Unrestricted funds		365,123	404,095
TOTAL FUNDS		365,123	404,095

OTHER TRADING ACTIVITIES	OTHER TRADING ACTIVITIES
		31.3.22	31.3.21
			f
Adveriising in magazine		13,645	11,028
INVESTMENT INCOME
		31.3.22 f	31,3.21
Listed investment	income	4,332	7,062
INCOME FROM CHARITABLE ACTMTIES
		31,3.22	31.3,21
	Activity	6
Magazine sales	Globe and Laurel magazines	120,081	126,989
App income	Globe and Laurel magazines	4,201	5,250
		124,282	132,239

						Grant
						funding of
					Direct	activities	Support
					Costs (see	(see note	costs (see
					note 6) f	7)f	note 8) 8	Totals
Globe and Laurel		magazines			58,068	109,000	23,810	190,878
DIRECT COSTS		OF CHARITABLE ACTIVITIES
							31.3.22	31.3.21
								6
Magazine printing		and postage					57,478	52,809
Presentation	magazines						590	630
							58,068	53,439
GRANTS PAYABLE
							31.3.22 f	31.3.21 8
Globe and Laurel		magazines					109,000	27.000
The total grants paid to			institutions		during the year was as	follows:
							31.3.22	31.3.21
							8	F
RMA - The Royal		Marines Charity					109,000	27,000
SUPPORT COSTS
							Governance
						Management	costs	Totals
							6	L
Globe and Laurel		magazines				21,885	1,925	23,810
Support costs, included			in the	above, are as follows:
Management							31.3.22	31,3.21
							Globe and
							Laurel	Total
							magazines	activities
							8	6
Wages							15,483	20,772
Pensions							1,653	1,454
Insurance							372	310
Card processing		fees					450	199
Stationery and miscellaneous				expenses			216	388
Computer expenses							3,262	4,225
Depreciation	oftangible		assets				449	385
							21,885	27,733

STAFF COSTS
					31.3.22	31.3.21
					f	E
Wages and salaries					15,483	20,772
Other pension costs					1,653	1,454
					17,136	22,226
The average monthly	number of	employees		during the year was as follows:
					31.3.22	31.3.21
Support staff					2	2
No employees received emoluments			in excess of660,000.
COMPARATIVES FOR THE STATEMENT				OF FINANCIAL ACTIVITIES
						Unrestricted
						fund
						6
INCOME AND ENDOWMENTS		FROM
Chadtable activities
Globe and Laurel magazines						132,239
Other trading activities						11,028
Investment income						7,062
Total						150,329
EXPENDITURE ON
Charitable activities
Globe and Laurel magazines						111,597
Net gains on investments						33,189
				Page11		continued ..

Deferred income will be published	comprises magazine subscription in future financial periods.	s and advertising inco	me received for	issues whi
			2021	2021
			f
Balance brought	forward		25,858	29,662
Amount release	to incoming resources		(25,858)	(29,662)
Amount deferred	in the year		26,752	25,858
Balance cerned	forward		26,752	25,858
MOVEMENT IN	FUNDS
			Net
			movement	At
		At 1.4.21 f	in funds f	31.3.22 f
Unresb1cted funds
General fund		404,095	(38,972)	365,123
TOTAL FUNDS		404,095	(38,972)	365,123