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2021-03-31-accounts

Page
Legal and
administrative		 data gs
Trustees'
Report
Independent
Examiners		 Report 10
Statement
of Financial		 Activities
Balance Sheet 12
Cash Flow Statement 13
Notes to the Financial Statements 14

Chief Executive Chief Executive Chief Executive MJACann
(sometimes referred to as 'Oirertor' as a
lob btie bot not a director ofthe company)
Patron HRH The Prince ofWales KG KT GCB
Vice-Presidents Major General Arthur Denaro CBE
Admiral
SirJock Stater		 GCB LVO DL
General The Lord Guthrie GCB LVO OBE
Founder JC Davidson
OBE
Bankers The Royal Bank of Scotland
Holt's Farnborough Branch
Lawrie House
Victoria Road
Farnborough
Hampshire
GU14 7NR
Solicitors Appointed
on specific		 needs basis as and when required
Independent Examiner Simon Ellingham
FCA DChA
Fawcetts
LLP
Chartered
Accountants
Windover
House
St Ann Street
Salisbury
SP1 2DR

Appointed Resigned
Mr LMansfield Chairman 30-Mar-99
Admiral
SirJames Perowne
KBE		 01-Mar-02
Lord Robertson
KT GCMG PC		 04-Nov 04
Miss K M Jenkins OBE BMUS (RAM) ARAM 04-May-06
Lieutenant
GeneralP T C Pearson		 21-Sep-06
Sir Gerald Hoivarth
MP		 19 Mar-09
Mr I W C Molr CBE LVO KSG 31-Oct-13
Air Vice Marshal
M Wiles CB		 CBE 11-Jun-16
Brigadier
A Thomson
MSc MBA FIET C Eng		 16-Mar-16
CWO Nicholas Sharland 06-Mar-17 21-May- 20
WO1 Michael Turnbull
MA		 21-May-20
Katharine
Pooley		 01-Mar- 20

2021 2020
Unrestricted Restricted Total Total
Note E 6 E 6
INCOME AND ENDOWMENTS FROM:
Donations and sponsorshlps 96,357 41,400 137,757 500,266
Income from charitable a«tlvlties
Fundralslng 27,057 27,057 143,107
Investment
and other Income		 5 75,429 75,429 54,691
TOTAL INCOME AND ENDOWMENTS 198,843 41,400 240,243 698,064
EXPENDITURE ON:
Charitable
activities
Direct costs 6 109,846 83,838 193,684 449,916
Raising funds
Fundrai sing costs 7 60,409 60,409 135,024
Total expenditure 9 170,255 83,838 254,093 584,940
NET (EXPENDITURE)/INCOME 28,588 (42,438) (13,850) 113,124
Gain/(loss)
on investments		 10 252,929 252,929 (115,809)
Net movement
in funds		 281,517 (42,438) 239,079 (2,685)
Fund balances brought forward 14 1,274,407 337,998 1,612,405 1,615,090
Fund balances as at31 March 2021

AS AT3 1MARCH 2021
Group Company
2021 2020 2021 2020
Note E E E E
Fixed assets
Tangible fixed assets 11 7,060 13.233 7,060 13,233
Investments 10 1,171,650 1,369,523 1,171,652 1,369,525
Investment in Joint Venture 100 100
1,178,710 1,382,856 1,178,712 1,382,858
Current assets
Stock 29,977 31,301 29,977 31,301
Debtors 12 49,438 52,186 49,438 52,186
Cash at bank and in hand 798,192 239,853 798192 239853
877,607 323,340 877,607 323,340
Creditors: amounts due within one year 13 204,833 93,791 204,835 93,793
Net current assets 672,774 229,549 672,772 229,547
Net assets 1,851,484 1,612,405 1,851,484 1,612,405
Funds
Unrestricted funds: 14 1,555,924 1,274,407 1,555,924 1,274,407
Restricted funds 14 295,560 337,998 295,560 337,998
Total funds 15 1,851,484 1,612,405 1,851,484 1,612,405

Note 2021 2020
E E
Cash provided
used ln operating		 activities: 16 91,975 ~44 655
Cash flows from investing activities:
Purchase offixed assets (7,606)
Sale offixed assets 214
Disposal ofinvestments
Purchase of Investments		 500,100 ~30,000)
Cash provided
used In Investment		 activities: 500,314 37,606
Cash flows from financing activities:
Loan received 150,000
Increase/(Decrease)
in cash and		 cash equivalents ln the year 558,339 7,049
Cash and cash equivalents at the beginning ofthe year 239,853 232,804
Cash and cash equivalents at the end ofthe year 798,192 239,853

Staff costs were as follows: Staff costs were as follows: Staff costs were as follows: 2021 2020
E E
Salaries and wages 81,541 156,829
Social secunty costs 4,292 16,388
Other pension costs 11897 6,782
97,730 179999
During the year there were termination payments made which amounted to 110,250(2020 ENB),
2021 2020
No. No.
2 2

Unrestricted Restncted 2021 2020
1 E E E
Bank interest - grass 131 131 581
Rents receivable 6,500 6,500 7,250
Investment
Income		 49,200 49,200 46,570
Covid-19 business support grants 8,000 8,000
Coronavirus]ob
rentention		 scheme 11,598 11,598 290
75,429 75,429 54 691

Unrestricted Restricted 2021 2020
E E E E
Charitable
output		 expenses 30,559 18,967 49,526 236,255
Share ofsupport costs (note 8) 79,287 64,871 144,158 213,661
7. FUNDRAISING
COSTS
Unrestricted Restricted 2021 2020
E E E E
Fundraising
costs		 12,356 12,356 63,803
Share of support costs (note 8) 48,053 48,053 71,221
60,409 135,024
8 SUPPORT COSTS
2021 2020
E E
Bank charges and interest 222 277
Consultancy
fees		 41,884 29,449
Accountancy 3,600 3,795
Bookkeeping 828 1,428
Depreciation 4,708 4,339
General expenses 5,149 9,018
Insurance 2,028 2,027
Printing,
postage and stationery		 678 2,680
Rent and rates 14,752 14,953
Repairs and equipment hire 4,467 3,305
Salaries and
NIC		 97,730 179,999
Subscriptions
and donations		 4,584 8,433
Telephone
and electricity		 4,133 8,654
Travel and entertaining 4,724 1'1,927
Webslte 288 487
Computer
expenses		 1,185 1,869
Marketing 2,242
Loss on disposal of assets 1,251
2021 2020
E E
Allocated to:
Costs ofCharitable Activities (output costs) (note 6)75M 144,158 213,661
Fundraising
costs (input		 costs) (note 7)25% 48,053 71,221

EXPENDITURE
Support Other Tot aI Total
Costs Costs 2021 2020
E f f f
Expenditure
on direct		 costs
Output
expenses		 144,158 49,526 193,684 449,916
Expenditure
on raising		 funds
Fundraising costs 48,053 12,356 60,409 135,024
Total expenditure 192,211 61882 254,093 584,940
INVESTMENTS
Quoted Unquoted Total
f E f
Group
Market value
1Aprg 2020 1,358,674 10,849 1,369,523
Disposals (500,000) (500,000)
Reinvestments 49,200 49,200
(Loss)/Gale
ln		 the year 252,404 525 252,929
Market value
31March 2021
Historical cost
31March 2021 384,851 7,000 391,851

TANGIBLE FIXEDASS
Group and Company		 ET S
Sound gr Property
bghting improv- Fixtures
gr		 Office Computer
equipment ements flit lngs equipment equipment Total
E E E E E E
Cost
At 1April 2020 21,367 5,354 14,732 10,104 17,875 69,432
Additions
Disposals (3,298)
At 31March 2021 66 134
Depreciation
At 1April 2020 16,623 5,354 13,326 10,104 10,792 56,199
Charge for the year 1,045 412 3,251 4,708
Eliminated
on dIsposals
At 31March 2021 17,668 5,354 13,738 10,104 12,210 59,074
Net book value
At 31March 2021 3,699 994 2 367 7 060
At 31March 2020 4,744 1406 7 083 13,233
DEBTORS
G I'0 Up Company
2021 2020 2021 2020
E E E 6
Other debtors 290 290
Pre payments
and accrued Income
49,438 52,186 49438 52,186
CREDITORS: AMOUNTS DUE WITHIN ONE YEAR
G I'0 Up Company
2021 2020 2021 2020
E E E E
Trade creditors 30,925 30,856 30,925 30,856
Social security and other taxes 1,567 8,062 1,567 8,062
Accruals and deferred income 18,203 50,685 18,203 50,685
Other creditors 4,138 4,188 4,138 4, 188
Amount
due to subsidIary		 2 2 2
Bankloan 150000 150000
204,835 93,791 204 835 93 793

ANALYSIS O F F UN DS
Transfers
Balance at Incoming Resources between Balance at
1.4.20 resources expended funds 31.3.21
E 6 E E E
Unrestricted funds
General fund 1,271,407 198,843 82,674 1,552,924
Designated tangible asset fund 3,000 3,000
Total unrestricted funds 1,274,407 198,843 82,674 1,555,924
Restricted funds
Panto Bus 38,400 (38,400)
Libor Grant 337,998 (42,438) 295,560
VOD/ 8FFTV 3,000 (3,000)
Total restricted funds 337,998 41,40D (83,838) 295,560
Total(ends
ALLOCATION OF NET ASSETS Unrestricted Unrestricted
General Designated Restricted
fund fund fund Tot aI
Tangible assets 7,060 7,060
Investments 1,171,652 1,171,652
Net current (Babilities)/assets
1,552,924 3,000 295,560 1,851,484

2021 2020
E E
Net Income/(expenditure) for the year as per SOFA (13,850) 113,124
Adiustments
for:
Depreciation
oftangible		 fixed assets 4,708 4,339
Decrease/(Increase) In debtors 2,748 (6,908)
(Decrease) In creditors (38,956) (24,394)
Non cash investment Income (49,200) (46,581)
Decrease in stock 1,324 5,075
Loss on disposal ofassets 1,251
Net cash flow from operating activities

20.
PRIOR YEAR COMPARATIV		 E
STATEMEN		 T OF FINANCI AL ACTIVITIES
2020
Unrestricted Restricted Total
Note E E E
INCOME AND ENDOWMENTS FROM:
Donations
and spon sorships		 96,634 403,632 500,266
Income from charitable
activities
Fundraising 143,107 143,107
Investment
and other Income		 5 54,691 54,691
TOTAL INCOME AND ENDOWMENTS 294,432 403,632 698,064
EXPENDITURE
Expenditure
on charitable
activities
Direct costs		 6 152,349 297,567 449,916
Expenditure
on raising funds
Fun drai sing costs 7 135,024 135,024
Total expenditure 9 287,373 297,567 584,940
NET EXPENDITURE 7,059 106,065 113,124
Gain/(loss)
on investments		 10 (115,809) (115,809)
Net movement
in funds		 (108,750) 106,065 (2,685)
Fund balances brought
forvrard		 14 1,383,157 231,933 1,615,090
Fund balance as at31March 2020 14 1,274,407 337,998 1,612,405