2023-03-31-accounts

			Page
Report ofthe Trustees		1	to	4
Independent Examiner's	Report
Statement ofFinancial	Activities
Balance Sheet
Notes tothe Financial Statements		8	to	15

		STATEMENT OF FINANCIAL ACTIVITIES
		FOR THE YEAR ENDED 31 MARCH 2023
			31.3.23		31.3.22
			Unrestricted		Total
			fund	.	funds
		Notes	F
INCOIIE AND ENDOWMENTS		FROM
Charitablh	activities
Globe and	Laurel magazines		131,770		124,282
Other trading activities		2	15,499		13,645
Investment	income	3	4,440		4,332
Total			151,709		142,259
EXPENDITURE ON
Charitable	activities
Globe and	Laurel magazines		159,821		190,878
Net gains/(losses) on investments			(17,763)		9,647
NET INCOME/(EXPENDITURE)			(25,875)		(38,972)
RECONCILIATION OF FUNDS
Total funds	brought forward		365,123		404,095
TOTAL FUNDS CARRIED FORWARD			339,248		365,123

	BALANCE SHEET 31 MARCH 2023
		31.3.23	31.3.22
		Total	Total
		funds	funds
	Notes
FIXEDASSETS
Tangible assets	12	6,306	7,963
Investments	13	242,879	260,642
		249,185	268,605
CURRENT ASSETS
Debtors	14	12,099	18,946
Cash at bank		104,921'	108,622
		117,020	127,568
CREDITORS
Amounts falling due within one year	15	(26,957)	(31,050)
NET CURRENT ASSETS		90,063	96,518
TOTAL ASSETSLESSCURRENT
LIABILITIES		339,248	365,123
NET ASSETS		339,248	365,123 -.
FUNDS	16
Unrestricted funds		339,248	365,123
TOTAL FUNDS		339,248	365,123

			31.3.23	31.3.22
				f.
Advertising	in magazine		15,499	13,645
INVESTMENT INCOME
			31.3.23	31.3.22
			F
Listed investment		income	4,310	4,332
Deposit account		interest	130
			4,440	4,332

INCOME FROM CHA	RITABLE ACTIVITIES
		31.3.23	31.3.22
	Activity		F
Magazine sales	Globe and Laurel magazines	127,462	120,081
App income	Globe and Laurel magazines	4,308	4,201
		131,770	' 124,282

					Grant
					funding	of
				Direct	activities		Support
				Costs (see	(see note		costs (see
				note 6)	7)		note 8)	Totals
								F
	Globe and	Laurel	magazines	72,046	55,000		32,775	159,821
6.	DIRECT COSTS		OF CHARITABLE ACTIVITIES
							31.3.23	31.3.22
	Magazine printing and postage Presentation magazines						71,446 600	57,478 590
							72,046	58,068
7.	GRANTS PAYABLE
							31.3.23	31.3.22
							F	F
	Globe and	Laurel	magazines				55;000	109,000
	The total grants paid to institutions			during the year was as	follows:		31.3.23	31.3.22
							F	E
	RMA - The	Royal	Marines Charity				55,000	109,000
8.	SUPPORT	COSTS
							Governance
					Management		costs	Totals
							F	F
	Globe and	Laurel	magazines		30,750		2,025	32,775

INanagement
				31.3.23	31.3.22
				Globe and
				Laurel	Total
				magazines	activities
					F
Wages				21,852	15,483
Pensions				1,527	1,653
Insurance				372	372
Card processing fees				483	450
Stationery and		miscellaneous	expenses	420	216
.Computer expenses				3,503	3,262
Bad debts		)		870
Depreciation	oftangible assets			1,723	449
				30,750	21,885
Governance	costs
				31.3.23	31.3.22
				Globe and
				Laurel	Total
				magazines	activities
Independent	examiners fee			2,025	1,925

					31.3.23	31.3.22
Wages and salaries					21,852	15,483
Other pension	costs				1,527	1,653
					23,379	17,136
The average	monthly	number ofemployees	during	the year was as follows:
					31.3.23	31.3.22
Support staff					2	2

11.	COMPARATIVES F	ORTHE ST	ATEMENT OF FINANCIAL ACTI	VITIES
				Unrestricted
				fund
	INCOME AND ENDOWMENTS		FROM
	Charitable activities
	Globe and Laurel magazines			124,282
	Other trading activities			13,645
	Investment income			4,332
	Total			142,259
	EXPENDITURE ON
	Charitable activities
	Globe and Laurel magazines			190;878
	Net gains on investments			9,647
	NET INCOME/(EXPENDITURE)			(38,972)
	RECONCILIATION	OF FUNDS
	Total funds brought	forward		404,095
	TOTAL FUNDS CARRIED FORWARD			365,123
12.	TANGIBLE FIXEDASSETS
				Computer
				equipment
	COST
	At 1 April 2022			20,271
	Additions			66
	At 31 March 2023			20,337
	DEPRECIATION
	At 1 April 2022			12,308
	Charge foryear			1,723
	At 31 March 2023			14,031
	NET BOOKVALUE
	At 31 March 2023			6,306
	At 31 March 2022			7,963

DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
	31.3.23	31.3.22
Trade debtors	4,653	4,315
Other debtors	6,368	12,427
VAT	1,078	2,204
	12,099	18,946
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	31.3.23	31.3.22
Trade creditors	448	1,980
Social security and other taxes		394
Accrued expenses	2,025	1,924
Deferred income (see below)	24,484	26,752
	26,957	31,050

will be p	ublished	in future fin	ancial periods.
				2023	2022
				E
Balance	brought	forward		26,752	25,858
Amount	release	to incoming	resources	(26,752)	(28,858)
Amount	deferred	in the year		24,484	26,752
Balan'ce	carried	forward		24,484	26,752

MOVEMENT	IN FUNDS
			Net
			movement	At
		At 1.4.22	in funds	31.3.23
Unrestricted	funds
General fund		365,123	(25,875)	339,248
TOTAL FUNDS		365,123	(25,875)	339,248

			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
Unrestricted	funds
General fund			151,709	(159,821)	(17763)	(25875)
TOTAL FUNDS			1.51,709	(159,821)	(17,763)	(25,875)
Comparatives	for movement	in funds
					Net
					movement	At
				At 1.4.21	in funds	31.3.22
Unrestricted	funds
General fund				404,095	(38,972)	365,123
TOTAL FUNDS				404,095	(38,972)	365,123

Comparative	net movement in fun	ds, included in the above	are as follows:
		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
			F	F
Unrestricted	funds
General fund		142,259	(190,878)	9,647	(38,972)
TOTAL FUNDS		142,259 .	(190,878)	9,647	(38,972)