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