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|||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|
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|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||||
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|||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||
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|||||||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||||||
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|||||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|
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|||||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|
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|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|
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|||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|
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|||||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|
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|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|
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|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|
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|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|
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|||||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|||
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|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|